5:30 AM – MORNING MARKET UPDATE & WATCH LIST
Federal Reserve chair Jerome Powell has hinted at an interest rate cut later this month, sending stocks to record highs.
QUOTE OF THE DAY:
“If you don’t believe in winning, you don’t believe in free enterprise, capitalism, our way of life.”
– Tom Landry
The Nasdaq Composite finished Wednesday at a fresh record high and the S&P 500 crossed above 3,000 points for the first time ever.
Powell’s testimony continues Thursday in front of the Senate Banking Committee starting at 10 a.m. ET.
This morning, the Dow is set to rise 46 points, or +0.2%. The S&P 500 is also tracking up +0.2%, while the Nasdaq could jump +0.3%.
European markets opened in the green after stocks in Asia finished higher. Britain’s FTSE 100 and France’s CAC 40 rose +0.3% in early trading. Germany’s DAX opened flat.
The Shanghai Composite rose +0.1%. Hong Kong’s Hang Seng increased +0.8%, and Japan’s Nikkei gained +0.5%.
European Central Bank will publish the minutes of its June meeting at 7:30 a.m. ET.
US oil futures have surged above $60 a barrel on concerns that Tropical Storm Barry could derail crude production in the Gulf of Mexico.
So far this week we have had 2 breakouts from our watch lists.
I continue to run stock screens on a daily basis searching for high-ranked leaders, with solid fundamentals that are building bullish technical bases. I added 1 new stock to our watch lists this morning.
There are still a total of 12 stocks on our watch lists.
You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.
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.
James’ Flagship Weekly Newsletter.
Now You Can Request a
Complimentary Copy of…
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.
NOTE: On SUNDAY THERE WERE A TOTAL OF 10 STOCKS on the watch list in the current issue. As of Wednesday morning, there are now 6 stocks as 4 have already broken out this week.
REQUEST YOUR COMPLIMENTARY COPY 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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