– 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.

9:15 AM – MORNING MARKET UPDATE & WATCH LIST

On Wednesday, the Dow Jones and the S&P 500 each eked out a record finish. The Dow gained +92.10 points, while the S&P 500 squeezed out a gain of +2.2 points, the Nasdaq lost -3.9 points.


QUOTE OF THE DAY:

“Only those who will risk going too far can possibly find out how far one can go.”
– T.S. Eliot


Today, U.S. stock futures point lower as doubts grew over prospects for a so-called phase one trade deal between the U.S. and China. European markets opened down, following most major indexes in Asia. The Shanghai Composite bucked the trend although by just +0.2%, despite weaker than expected economic data out of China.

Walmart will report its third-quarter results before the opening bell. Along with Viacom and Brookfield Asset Management. Nvidia and Williams-Sonoma report after the close.

Fed chair Jerome Powell testifies before Congress for a second day.

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BREAKOUT UPDATE: 

CTAS – Gapped down yesterday aftaer a report was released by short-seller Spruce Point.

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

RPM – Gapped down yesterday below its 10-day moving average.

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

KRC – Continues trending lower with a new intra-day low yesterday.

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

FCN – Nearing final support on the previous lows.

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.

Questions? – Click here.

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BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

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WATCHLIST UPDATE:

No matter the market, I always have a current watch list ready. There are now 7 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.

Questions? – Click 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.