– 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
[dropcap]G[/dropcap]ood morning. It’s Tuesday. Last week, the current stock market rally posted huge gains as the major averages continued to book new record highs.
QUOTE OF THE DAY:
“Failure defeats losers, failure inspires winners.”
– Robert Kiyosaki
The Dow Jones has closed up 5 of the past 6 weeks, with a year-to-date return already of +2.84%.
After just briefly trading above the 29,000 during the previous Friday, the index definitively cleared that milestone this past week.
The blue chips gained for a second week, adding a solid +524 points or +1.8% to end at a record high of 29,348.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
This morning, stock futures are pointing lower after a three-day weekend. Markets in Europe also fell, along with stocks in Asia.
Earnings season continues. Today, we will hear from NFLX, IBM, HAL, and AMTD.
A day after the International Monetary Fund trimmed its global growth forecast, Bank of America released a survey of investors who say they are increasingly bullish on the world economy.
Who’s ready for some earnings breakouts? Keep an eye on the watchlist here.
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CHART HIGHLIGHTS
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BREAKOUT ALERT UPDATE:
There were another 9 BreakOut Alerts last week.
If you’d bought any of the 25 BreakOut Alerts that were issued over the past month, be sure to check the new Premium Members Area at BuyingBreakOuts.com for ongoing chart analysis and updated support levels throughout the week here.
| SYM | LAST | ADDED TO WATCH LIST | TRIGGER PRICE | TRIGGER VOLUME | MAX BUY PRICE | % FR TRIG PR |
| AER | $62.35 | 12/22 | $62.71 | 1,334,400 | $65.85 | -0.57% |
| UNH | $298.47 | 1/15 | 300.1 | 5070150 | $315.11 | -0.54% |
| WTS | $101.46 | 1/6 | $100.90 | 214,350 | $105.95 | 0.56% |
| SANM | $34.33 | 1/13 | 34.76 | 562200 | $36.50 | -1.24% |
| ALLE | $128.05 | 1/6 | $125.85 | 951,150 | $132.14 | +1.75% |
| ICE | $96.77 | 10/10 | $95.65 | 3,002,550 | $100.43 | +1.17% |
| MANT | $81.87 | 1/13 | $82.07 | 272,550 | $86.17 | -0.24% |
| SPXC | $52.68 | 1/13 | $52.27 | 534,450 | $54.88 | +0.78% |
NOTE: These stocks were first featured in my “Stock WatchList: Morning Update” before they broke out. You can now start receiving my “Stock WatchList: Morning Update” each market morning through the BuyingBreakOuts website for only $9 a month or just $97 for an entire year here.
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Have you seen the new
Premium Members Area at…
BuyingBreakOuts.com ?
Our new Premium Members Page now features the current watch list and past 30-days of breakouts.
These stocks are now presented with more data points – update continuously throughout the trading day.
Each selection is featured with an annotated chart – showing support levels and other specific trading criteria that is updated nightly.
See the latest watch list additions which are near a breakout, follow the ongoing chart analysis and updated support levels, for your holdings.
We also have a new, faster BreakOut Alerts system, – alerts are now available as a text message to your cell phone.
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WATCHLIST UPDATE:
No matter the market, I always have a current watch list ready. There are now 8 stocks that we will be watching for a traditional break out to new highs.
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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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.