8:00 AM – MORNING MARKET UPDATE & WATCH LIST
Yesterday, the Dow Jones closed down -113 points, the Nasdaq closed off -44 points, and the S&P 500 fell -12 points.
QUOTE OF THE DAY:
“Have the end in mind and every day make sure your working towards it.”
– Ryan Allis
Stocks fell on Wednesday, but finished off of their lows, as trade talks with China showed signs of slipping into next year without progress.
Today, markets in Europe fell in early trading, following a down session for stocks in Asia.
We have more retailers reporting today with Macy’s releasing numbers before the open. Then, there is Gap, Nordstrom and and our Ross Stores following after the close.
BREAKOUT ALERT UPDATE:
Our TGT broke out yesterday on earnings.
Shares opened with a gap up above our TRIGGER PRICE. Our alert system did catch the breakout at $122.20.
The alert read – “BreakOut Alert: TGT traded above its TRIGGER PRICE of $114.93. The security is currently trading at $122.20.”
|SYM||LAST||ADDED TO WATCH LIST||BUY
|MAX BUY PRICE||% FR BUY
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
This morning, news headlines show several firms raising their price targets on TGT.
NOTE: This stock was first featured in my “Stock WatchList: Morning Update” before it 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.
No matter the market, I always have a current watch list ready. There are now 12 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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