– 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.


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

Even though last week was a holiday week, it was still another rough and tumble week for the market as the major indices continued to sell off sharply and the market’s technical condition worsened.


“The secret of change is to focus all your energy not on fighting the old but on building the new.”
– Socrates

The Dow Jones Industrial Average dropped over 1,000 points (-4.4%) this past week and made a new low close on Friday. The blue chips have not closed at this level since July 3rd.

Chart courtesy of stockcharts.com

The Nasdaq lost an additional -308 points on a weekly basis (-4.26%) and on Tuesday broke below its previous lows, then remained below there through Friday’s half-day session.

The tech-laden index deepened its descent into correction and closed at a low not seen since early April. That close, however, was back when the index was still above its 200-day moving average. Friday’s close was -7.7% below that important technical level.

Chart courtesy of stockcharts.com

The S&P 500 gave up -103 points or -3.79% to end the week at a low not seen since early May. This put the broad-market index in correction territory, which is usually defined as a decline of at least -10% from a recent peak.

Chart courtesy of stockcharts.com.

According to Dow Jones Market Data, this week’s performances for all three major indexes marks their worst Thanksgiving weeks since 2011.


“The secret of change is to focus all your energy not on fighting the old but on building the new.”
– Socrates

Stocks continued to be pressured by falling oil prices, and also the developments in European politics, after the U.K. and European Union both announced progress in outlining their future relationship after Britain exits the EU.

Nagging tensions between the U.S. and China continued with the Trump administration’s claims of apparent abuses of intellectual property rights and espionage by Chinese tech firms.


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.



As is the rule – no matter the current market conditions, you should always be prepared for the next rally-run by maintaining a watch list of high-ranked leaders which are building bullish bases of consolidation.

This weekend, I ran my routine stock screens, and added 4 new stocks to our watch list.

I did notice several REITs setting up, and added 2 to our watch list.

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

One of those is VICI which traded sharply higher on Friday with a huge increase in volume.

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.