– 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.
8:15 AM – MORNING MARKET UPDATE & WATCH LIST
NOTE: Today’s watch list can be found here.
Last week all three major indexes posted solid weekly gains as each built on rallies from previous noted, well-defined support.
For the week, the Dow rose +0.9%, while the Nasdaq gained+1.4%, and the S&P 500 added +1.2%.
At current levels, the S&P is just -0.4% below its record close set in late August, while both the Dow and the Nasdaq are within -2% of their all-time highs.
The Dow booked its fourth positive week of the past five. The recent gains have taken it to the highest level since late January. This week the blue chips briefly tagged seven-month highs early Friday and went on to close well above the 26,ooo mark, ending the week at 26,155.
The Nasdaq posted its third positive week of the past four as the tech-laden index traded up from found support near its 50-day moving average and a near-coinciding upward trendline. (see chart)
Chart courtesy of stockcharts.com.
The S&P 500 gained actually less than a point on Friday, but that was enough for a fifth straight positive day, narrowly notching its longest win streak in about seven months. The S&P 500 ended its ninth positive week of the past 11.
Also of note, small caps were the strongest performers Friday as the Russell 2000 ended with a daily gain of +0.5% and up +0.5% on the week.
Now Offering Free Phone Consultations For This Week
James will be making himself available this week (Sept. 17th – 22nd) to speak with you directly over the phone.
He will be glad to answer any questions you may have.
Get his insights on the current market environment, any particular stocks, the services he currently offers, and even his latest profitable venture into trading crypto-currencies.
YOU CAN BOOK YOUR PHONE APPOINTMENT WITH JAMES HERE
I ran my routine stock screens over the weekend and added 2 new stocks to our watch list.
We now have 15 stocks which we will be watching for the next buyable breakout – see here.
One stock in particular is ICLR which is building a base near new highs and above support of its 50-day moving average. This clinical researcher is highly ranked and a leader in its group.
Chart courtesy of stockcharts.com – Click chart to enlarge.
Current 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.
As always, if anyone has any questions – please feel free to email me at firstname.lastname@example.org 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.