– 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.
7:45 AM – MORNING MARKET UPDATE & WATCH LIST
NOTE: Today’s watch list can be found here.
[dropcap]A[/dropcap]s the U.S. vs. China trade was escalates, stock futures for Thursday are higher as of 7:15 AM.
European markets opened higher. Asian markets ended their session mixed.
QUOTE OF THE DAY:
“Success is dependent on effort.“
– Sophocles
Alibaba’s Jack Ma says the escalating trade conflict between the United States and China has undermined his earlier promise to create 1 million new US jobs.
“This promise was on the basis of friendly China-US cooperation and reasonable bilateral trade relations, but the current situation has already destroyed that basis,” Ma told China’s official news agency, Xinhua. “This promise can’t be completed.”
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I ran my routine stock screens this morning, and added another new stock to our watch list.
I did remove USNA as shares traded -3.8% lower yesterday and dropped down out of the base.
We have 12 stocks which we will be watching for the next buyable breakout – see here.
One stock in particular is oil/gas explorer WRD which is actually on our TrendLine SetUps WatchList. Shares did trade above the TRIGGER PRICE yesterday and got above the 50 and 200-day moving averages. From here, any further gains with the required +50% increase in volume would confirm a BUY signal.
Chart courtesy of stockcharts.com – Click chart to enlarge.
Current 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.
As always, if anyone has any questions – please feel free to email me at james@jamestaulman.com as I would be glad to assist you. _________________________________________________
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. _________________________________________________ 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.