– James F. Taulman, former Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system.

8:45 AM – MORNING MARKET UPDATE & WATCH LIST

This morning, stock futures are off considerably with the Dow’s down -100.


QUOTE OF THE DAY:

“Motivation is the catalyzing ingredient for every successful innovation.”
– Clayton Christensen


Markets in Europe opened mixed, but in Asia were markedly lower. The Hang Seng Index dropped more than -2.6% on Monday, its worst single-day percentage decline since the beginning of August.

Last week, stocks remained buoyed by the thick of third-quarter earnings season, U.S./China trade talk, and some positive economic reports.

On Monday, the Dow Jones followed the Nadsaq and S&P 500 to a new record close.

Then on Thursday, the bullish action continued with a gap up which set the stage for the Dow and S&P 500 to post another record close, while the Nasdaq made its second-highest close in history.

The major averages remained, at the least, resilient on Friday even as Trump said that he had not yet agreed to the backing of off tariffs with China. Earlier in the week, optimism on the issue based on reports from China helped to power the week’s rally.

The Dow ended with a weekly advance of +334 points or +1.2%, its third straight week of gains.

The blue chips did close off of Thursday’s all-time high, yet still with a new closing high on Friday of 27,681.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

As we have experienced, many of our smaller cap, growth stocks, along with the Russell 2000, and have not fared as well as larger, value names and the major averages during the latest rally.

That may be coming to an end as market technicians point out that a “bullish cross” is set to form in the Russell 2000 index as soon as Monday. They say this may signal a firmer breakout is on the horizon, which would be more likely t0 turn into a longer-term uptrend.

MW: A ‘golden cross’ is forming in a key stock-market index of small-caps

____________________________________________________

BREAKOUT UPDATE: 

Here are the last 5 BreakOut Alerts.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

NOTE: These stocks were on my Technical SetUps WatchList. You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.

Questions? – Click here.

____________________________________________________

BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

____________________________________________________

WATCHLIST UPDATE:

No matter the market, I always have a current watch list ready. There are now 8 stocks that we will be watching for a traditional break out to new highs.

Members can access all watch lists with updated trading criteria including – TRIGGER PRICE, TRIGGER VOLUME, and MAX BUY PRICE for every stock here.

Questions? – Click here.

_________________________________________________

_________________________________________________

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.

_________________________________________________

Disclaimer: James Taulman is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The independent contractors and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company’s website, or in its publications, are made as of the date stated and are subject to change without notice. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company’s products (collectively, the “Information”) are provided for informational and educational purposes only and should not be construed as investment advice.