– 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

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

On Monday, the S&P 500 and the Nasdaq finished at record levels again after posting small gains. The Dow eked out a gain of less than +0.1%.


QUOTE OF THE DAY:

“Don’t be afraid to go out on a limb. It’s where all the fruit is.”
– Shirley MacLaine


Earnings season contines with Baker Hughes (BHGE), BP (BP), ConocoPhillips (COP), Eli Lilly (LLY), General Electric (GE), General Motors (GM), MasterCard (MA), McDonald’s (MCD), Pfizer (PFE) and Phillips 66 (PSX) are releasing earnings before the open.

Then we have Denny’s (DENN), Groupon (GRPN), Mondelez International (MDLZ), and of course Apple (AAPL) after the close.

Yesterday, Google (GOOGL) and Samsung (SSNLF) both disappointed investors with their quarterly earnings. Apple is expected to report declines in revenue and profit.

______________________________________

BREAKOUT UPDATE:

Mimecast Ltd. (MIME – Nasdaq)

This latest breakout was added to our watch list on the morning of 4/25 .

Today, shares broke out above the posted TRIGGER PRICE of $51.76 while the stock was trading more than twice its normal volume.

By day’s end, volume totals were +190% above the daily average.

SYM LAST ADDED
TO
WATCH LIST
BREAK
OUT
PRICE
BREAK
OUT
DATE
MAX
BUY
PRICE
MIME $52.74 4/25/19 $51.76 4/29/19 $54.35

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

1st
SUPPORT
2nd
SUPPORT
MAX STOP LOSS
GUIDE
CURRENT % GAIN
/LOSS
$50.00 (50 DMA)
$47.73
$47.62 +1.89%

Going forward, I am putting our 1st SUPPORT at some of the highs of the recent base and the coinciding round-$50.

Below there, our 2nd SUPPORT area is the rising 50-day moving average, currently at $47.73.

Of course, any above average volume declines would be the first concern for investors who bought Monday.

______________________________________

WATCHLIST UPDATE:

I ran my routine stock screens early this morning, yet did not add any new stocks to our watch lists.

There are now a total of 18 stocks on our watch lists.

Current Personal Portfolio Members can 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.

_________________________________________________

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.