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THU 5/9: Futures Lower, One New BreakOut, One New WatchList Addition

– 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

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

[dropcap]M[/dropcap]arket continues to be volatile with a late-afternoon sell-off yesterday which erased the day’s gains.

This morning, global stock markets fell as the United States and China dug in their heels on trade.


QUOTE OF THE DAY:

“My mission in life is not merely to survive, but to thrive; and to do so with some passion, some compassion, some humor, and some style.”
-Maya Angelou


Hong Kong’s Hang Seng sank -2.4% and Japan’s Nikkei dropped around -1%. The Shanghai Composite fell -1.5%, pushing its losses for the week to -7%.

France’s CAC 40 was the biggest major market loser in Europe, shedding -1.3% in early trade as the U.S. and China continue to the battle over trade.

China’s top trade negotiator, Liu He, arrives in Washington on Thursday for two days of negotiations.

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Earnings season marches on. Norwegian Cruise Line (NCLH), Overstock (OSTK) and Party City (PRTY) plan to release earnings results before the US market open.

Dropbox (DBX), Equifax (EFX), GoPro (GPRO), News Corp. (NWSA), TiVo (TIVO), Yelp (YELP) and Zillow (ZG) will release earnings after the close.

BREAKOUT UPDATE:

We had a fresh breakout yesterday in TEAM which was on our Technical SetUps WatchList.

WATCHLIST UPDATE:

I ran my routine stock screens this morning and added one new stock to our watchlists.

We now have a total of 16 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.

Missed any of these morning reports? You can find all previous reports 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.