8:30 AM – MORNING MARKET UPDATE & WATCH LIST
On Wednesday, the Dow gained another 115 points, as the Nasdaq closed up 27, while the S&P 500 added 10 and eked out a fresh closing record after the Federal Reserve cut interest rates yet again.
QUOTE OF THE DAY:
“That man is a success who has lived well, laughed often and loved much.”
– Robert Louis Stevenson
This morning, stock futures point lower after a Bloomberg report says China has doubts about the prospects for a long-term trade deal with the U.S.
Markets in Europe fell in early trading, while stocks in Asia were mixed.
Earnings season continues with more than 245 companies reporting today. We will hear from names such as APRN, DNKN, EL, KHC, RDSA, SIRI, CI, CELG, TPX, AMT, STOR, BMY, MO, ICE, and W report before the open.
Then PINS, LOCO, FTNT, MELI, LOCO, WU, BLDR and X follow after the close.
Tomorrow we will have the latest U.S. jobs report and a fresh look at a closely-watched manufacturing gauge.
Bought Tuesday’s BreakOut Alert on PRFT? – You likely may have already sold it with a decent one-day profit of ~3% or possibly a modest loss ~1% at worse case. That’s where you Holders are now at as well. Previous PRFT Alert Holders up +22%. Stock closed yesterday -1.1% from Tuesday’s BreakOut Alert price, yet still above 1st SUPPORT at $38.78.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
NOTE: These stocks were on my Technical SetUps WatchList. You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.
No matter the market, I always have a current watch list ready. There are now 10 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.
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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