THU 8/15: Futures Modestly Lower – 8 Stocks on Our WatchList
– 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.
7:30 AM – MORNING MARKET UPDATE & WATCH LIST
[dropcap]Y[/dropcap]esterday, was another and the latest “worst day of 2019” with the Dow closing down -800 points.
QUOTE OF THE DAY:
“It is in your moments of decision that your destiny is shaped.”
-Tony Robbins
Despite a healthy U.S. economy and relatively strong corporate earnings, three dark clouds have intermittently loomed over the American stock market over the past year and a half: The global economic slowdown, the trade war and spooky warning signs in the bond market.
CNN Business’ Fear and Greed Index signaled investors were extremely fearful. The VIX (VIX) volatility index spiked 27%.
This morning, futures are off modestly after China threatened yet another escalation in its trade war with the United States.
Retail sales for July will be released at 8:30 a.m. ET, followed by industrial production data for July at 9:15 a.m. ET.
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Cool It: Stock Gains Often Follow Yield Curve Inversion
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BREAKOUT UPDATE:
We had one breakout so far this week.
UPDATED: All August 2019 BreakOuts
| SYM | LAST | ADDED TO WATCH LIST | BREAK OUT PRICE |
BREAK OUT DATE |
MAX BUY PRICE | % GAIN/ LOSS |
| VMC | $139.14 | 8/10/19 | $140.82 | 8/12/19 | $147.86 | -1.19% |
| CECO | $21.41 | 7/16/19 | $20.49 | 8/8/19 | $21.51 | +4.49% |
| SERV | $55.59 | 7/18/19 | $55.46 | 8/6/19 | $58.23 | +0.23% |
| TSN | $85.76 | 7/7/19 | $84.40 | 8/5/19 | $88.62 | +1.61% |
| BLD | $89.39 | 8/2/19 | 87.06 | 8/2/19 | $91.41 | +2.68% |
| NEO | $24.57 | 7/18/19 | $24.94 | 8/1/19 | $26.19 | -1.48% |
All of these stocks were on my Technical SetUps WatchList at the BuyingBreakOuts website. Recieve the latest watch list each market morning for only $9 a month here.
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WATCHLIST UPDATE:
I continue to run stock screens on a daily basis searching for high-ranked leaders, with solid fundamentals that are building bullish technical bases.
There are no new additions to this morning’s watch list.
I removed RDN and CAE, as each has fallen too far from the TRIGGER PRICE. Neither stock broke out.
There are now 8 stocks that we will be watching for a traditional break out to new highs this coming week.
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.
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James’ Flagship Weekly Newsletter.
Now You Can Request a
Complimentary Copy of…
The Sunday Stock Report –
[dropcap]J[/dropcap]ames’ 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
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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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