– 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.
8:45 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
[dropcap]T[/dropcap]his morning, investors are growing increasingly worried about the US/China trade war.
QUOTE OF THE DAY:
“To keep the body in good health is a duty… otherwise we shall not be able to keep our mind strong and clear.”
– Buddha
Futures are sharply lower as the Dow is set to fall more than 200 points at the open. The Nasdaq futures are down more than -1% while the S&P 500 futures are down -0.7%.
Markets in China closed sharply lower with the Shanghai Composite and the Hang Seng both ending more than -1% lower.
Stocks were also sharply lower across Europe, where mounting worries about Brexit, the state of UK Prime Minister’s Theresa May’s government and European parliamentary elections also weighed on investor confidence.
Britain’s FTSE 100 index shed -1.3%, while markets in Germany and France both dipped -1.8% and -1.7%, respectively.
Today we have Best Buy (BBY), Ross Stores (ROST) and HP earnings.
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BREAKOUT UPDATE:
Our latest breakout pulled back yesterday, as the market remains in its latest correction phase.
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
MAX BUY PRICE |
| DRI | $123.03 | 5/4/19 | $122.47 | 5/20/19 | $128.59 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| 1st SUPPORT |
2nd SUPPORT |
MAX STOP LOSS GUIDE |
CURRENT % GAIN/ LOSS |
| $122.00 | 50 DMA | $112.67 | +0.46% |
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Stock WatchList: Morning Update
Early each market morning James diligently screens through hundreds of high EPS and RS ranked stocks that have solid fundamentals.
He is looking for those select few which are setting up in sound technical bases and which looked poised to breakout that day.
Each stock is listed with specific trading criteria such as a TRIGGER PRICE, TRIGGER VOLUME and MAX BUY PRICE.
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WATCHLIST UPDATE:
I ran my routine stock screens this morning, and added 1 new stock to our watch list.
There are now 14 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.
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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.