6:00 AM – MORNING MARKET UPDATE & WATCH LIST
Yesterday, the market rallied after Hong Kong leader Carrie Lam withdraw the extradition bill that has sparked the nearly three-month long protests.
QUOTE OF THE DAY:
“You don’t drown by falling into water. You only drown if you stay there.”
– Zig Ziglar
Now, stocks in Asia mostly rallied for their Thursday session after Chinese officials announced that they’ve agreed with the U.S. to hold another round of trade talks in Washington next month.
The Shanghai Composite Index advanced as much as +2%, jumping above 3,000 points for the first time in two months. Japan’s Nikkei climbed +2.3%, while South Korea’s Kospi rose +1%.
The major averages are poised to clear their 50-day moving averages. This has been an area of resistance for the past several weeks.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
All of this week’s breakouts.
|SYM||LAST||ADDED TO WATCH LIST||BREAK
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Regardless of any market status, I still run stock screens on a daily basis to always have a current watch list ready.
There are 20 stocks on the current watchlist 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.
James’ Flagship Weekly Newsletter.
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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.
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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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