– 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.
8:30 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
[dropcap]U.[/dropcap]S. crude oil futures surged as much as +4% on Thursday following reports that two tankers had been attacked in the Gulf of Oman.
QUOTE OF THE DAY:
“What you do today can improve all your tomorrows.”
– Ralph Marston
It’s shaping up to be a mixed day for global stocks amid an uncertain trading environment.
Stocks in Asia largely fell. Hong Kong’s Hang Seng shed almost -0.1% as political unrest in the city continues. Japan’s Nikkei lost -0.5%.
European markets opened higher. Britain’s FTSE 100 rose +0.3% in early trading, and Germany’s DAX gained +0.5%.
U.S. stock futures are pointing higher after the major averages finished the past two days in the red.
The Dow is poised to rise +80 points, or +0.3%, at the opening bell. The Nasdaq could gain +0.5%, while the S&P 500 is tracking up +0.3%.
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BREAKOUT UPDATE:
Our TNET continues making gains since breaking out for us on Friday.
Shares put in a solid day yesterday with a better than +2% gains on a +30% increase in volume as the stock closed at the session highs, and at a new all-time high.
Ranks remain nearly as high as they can be.
I am setting our 1st SUPPORT at the highs of the previous base.
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
| TNET | $68.67 | 5/23/19 | $65.19 | 6/7/19 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE |
1st SUPPORT |
2nd SUPPORT |
MAX STOP LOSS GUIDE |
% GAIN/ LOSS |
| $68.45 | $65.00 | 50 DMA | $59.97 | +5.34% |
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WATCHLIST UPDATE:
I continue to run stock screens on a daily basis searching for high-ranked leaders. This morning, I added 2 new stocks to the Technical SetUps WatchList. Gain access to the complete Technical SetUps WatchList today at my BuyingBreakOuts website for just $9 a month here.
BMS was removed from our watch list as the company was acquired by Amcor (AMCR).
There are now a total of 10 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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Now You Can Request a Complimentary Copy of James’ Flagship Weekly Newsletter…
The Sunday Stock Report
James’ long-running weekly newsletter is completely focused on only highly-ranked stocks which match up very favorably with the proven and winning guidelines.
It features only about 6 – 12 stocks on average in a weekly watch list.
We’ve found that this watch list is ideal for short-term 0r intermediate-term traders, as well as longer-term investors.
Each stock has both strong fundamentals for potential longer-term growth and the solid technical characteristics which may be more appealing to shorter-term traders who like to buy breakouts and sell a few days later with good profits.
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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.