6:45 AM – MORNING MARKET UPDATE & WATCH LIST
All three indexes broke out to the upside yesterday after reports that the U.S. and China have agreed to sit down in October and talk trade.
QUOTE OF THE DAY:
“To affect the quality of the day, that is the highest of arts.”
– Henry David Thoreau
Also helping boost sentiment were a series of bullish economic reports, including data from ADP estimating the private sector added 195,000 jobs in August, and a better-than-expected reading on activity in the U.S. services sector.
The Dow rose +1.4%, the S&P 500 +1.3% and the Nasdaq +1.75% and each easily cleared their 50-day moving averages.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
This morning, futures point to a modestly higher open.
We have had 6 breakouts so far this week.
|SYM||LAST||ADDED TO WATCH LIST||BREAK
|MAX BUY PRICE||%
NOTE: All of the stock’s above first appeared on the watch list in James’ Sunday Stock Report. You can request a complimentary copy here.
Regardless of any market status, I still run stock screens on a daily basis to always have a current watch list ready.
There are now 20 stocks that we will be watching for a traditional break out to new highs this coming week.
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About the Founder: James F. Taulman – James served as Editor-in-Chief of the first independently licensed website that offered stock reports and services based on the CAN SLIM® investment system. He has developed a knack for being able to quickly and accurately analyze high-ranked stocks based on this winning investment strategy. Over the years, Mr. Taulman has enjoyed assisting individuals from professional money managers to private investors with their needs in relation to implementing this investment approach on a daily basis in the current marketplace. Each Sunday you could hear him deliver his weekly market report as part of the “Your Money Matters” radio program on ABC and CBS radio networks.
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