– 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.


5:00 AM – MORNING MARKET UPDATE & WATCH LIST

NOTE: Today’s watch list can be found here.

The market volatility which started in early October has continued now into mid-November as the major averages experienced wide daily point swings again this past week.


QUOTE OF THE DAY:

“Stop chasing the money and start chasing the passion.”
– Tony Hsieh


At the start of last week, markets immediately started lower with a gap down on Monday morning. The Nasdaq lost -123 points that day, and that was with a close off of the session lows.

Tuesday’s and Wednesday’s action did not show any signs of strength or much stability with basically a negative reversal as the major averages were higher intra-day then closed with a loss.

We did have a nice up day on Thursday, before some more whipsaw-like action on Friday as the Dow Jones swung to a firm gain Friday afternoon after President Donald Trump made upbeat remarks about the prospects of favorable developments between the U.S. and China on trade.

In the end, the Dow and the Nasdaq each fell -2.2% on a weekly basis, while the S&P 500 dropped -1.6%.

The issues facing investors continued to be – slowing growth in tech companies that have provided market leadership for so long, U.S.-China trade relations, rising interest rates, and Brexit.

The Nasdaq remains well below its 200-day moving average.

___________________________________________________

Now You Can Start Receiving James’ –
Technical SetUps WatchList Each Market Morning

Early each market morning James diligently screens through hundreds of high EPS and RS ranked stocks that have solid fundamentals.

He is looking for those select few which are setting up in sound technical bases and which looked poised to breakout that day.

Each stock is listed with specific trading criteria such as a TRIGGER PRICE, TRIGGER VOLUME and MAX BUY PRICE.

Normally $19.95 a month, now just $9 a month through James’ BuyingBreakOuts.com website.

LEARN MORE ABOUT THIS SPECIAL 50% DISCOUNT OFFER HERE

____________________________________________________

After some brutal selling in October, the last quarter of the year is already stacking up to be the worst since September 2015.

No matter the condition of the current market you should always maintain a watch list of high-ranked stocks which are building bullish technical bases to potentially buy off of.

I ran my regular stock screens this over the weekend, yet did not add any new stocks to our watch list.

I removed TJX as it has broken down out of its current base.

We now have 4 stocks which we will be watching for the next buyable breakout – see here.

One of those is COLM which continues to trade above its 50-day moving average.

Chart courtesy of stockcharts.com.

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

Missed any of these morning reports? You can find all previous reports here.

Standard rules apply – any gains above the stock’s TRIGGER PRICE while the day’s volume is at least on pace to make the TRIGGER VOLUME would have any of these set ups confirming a BUY signal up to their MAX BUY PRICE by default.

Keep in mind that when a stock breaks out – becomes potentially buyable – there are other factors to consider.

Volume on the breakout. A stock that is breaking out through resistance, with an increase in volume of +50% above the stock’s average volume (50 DAV), is showing more conviction and more demand. This is not saying – all lower volume breakouts will fail. Actually, we’ve seen many continue higher. If you have found that you did buy a stock that showed lower daily volume or volume under 50%, going forward – simply treat it a regular trade.

Earnings BreakOuts. Many stocks from our watch list will break out during earnings season. Earnings breakouts can be more rewarding, however, these trades carry much more risk then traditional (non-news) breakouts. One needs to also consider – the strength/weakness of the fundamental news that was just released along with the forward-looking guidance the company gave, investors response to the conference call, etc. For anyone who is not familiar with – buying earnings breakouts – I suggest that they sit through a few seasons to study, paper trade, and show some profits, before applying actual capital.

As always, if anyone has any questions – please feel free to email me at james@jamestaulman.com as I would be glad to assist you.

_________________________________________________

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.