– 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.
7:00 AM – MORNING MARKET UPDATE & WATCH LIST
[dropcap]A[/dropcap]lthough it was a holiday-shortened week with the Christmas break right in the middle, the rally continued on with the major averages posting more new record highs.
QUOTE OF THE DAY:
“Think big and don’t listen to people who tell you it can’t be done. Life’s too short to think small.”
– Tim Ferriss
We recently had an agreement on phase one of a US/China trade deal and then a quieting of a number of other geopolitical headwinds this week. Other “good news” included data showing a very strong 2019 holiday shopping season, which bodes well for consumer confidence.
Last year’s “worst Christmas Eve ever” is long forgotten, and with just 2 trading days left in the year, the major indexes are trading at record highs.
The Dow Jones gained another +190 points or +0.67% this past week to close at a record of 28,645. Since the pullback, at the start of this December, the index has closed higher 13 of the 17 sessions.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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BREAKOUT ALERT UPDATE:
There were another 2 “BreakOut Alerts” this past week. We had 1 on Monday and 1 on Tuesday. The charts and support levels for all 2 have been updated below.
#2 Franco Nevada Corp (NYSE – FNV)
Franco-Nevada Corporation operates as a gold-focused royalty and stream company in the United States, Canada, Latin America, Australia, and Africa.
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
| FNV | $101.90 | 11/17 | $101.29 | 12/24 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE | 1st SUPPORT |
2nd SUPPORT |
MAX STOP LOSS GUIDE | % GAIN/LOSS |
| $106.35 | $100.00 | 50 DMA | $93.19 | +0.60% |
#1 LCI Industries (NYSE – LCII)
LCI Industries, together with its subsidiaries, manufactures and supplies components for the manufacturers of recreational vehicles (RVs) and adjacent industries in the United States and internationally.
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
| LCII | $108.71 | 12/22 | $108.65 | 12/23 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE | 1st SUPPORT |
2nd SUPPORT |
MAX STOP LOSS GUIDE | % GAIN/LOSS |
| $114.08 | $107.00 | 50 DMA | $99.96% | +0.06% |
NOTE: Thess stocks were first featured in my “Stock WatchList: Morning Update” before they broke out. You can now start receiving my “Stock WatchList: Morning Update” each market morning through the BuyingBreakOuts website for only $9 a month or just $97 for an entire year here.
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Our holiday deals at BuyingBreakOuts are going nearly gone!
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WATCHLIST UPDATE:
No matter the market, I always have a current watch list ready. There are now 11 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.
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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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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.