7:45 AM – MORNING MARKET UPDATE & WATCH LIST
This morning, stock futures are pointing higher after the Dow, S&P 500 and Nasdaq all notched fresh records yesterday. Markets in Europe are also moving up, following stocks in Asia.
QUOTE OF THE DAY:
“Sometimes if you want to see a change for the better, you have to take things into your own hands.”
– Clint Eastwood
The Financial Times is reporting that Trump administration officials are debating removing some existing tariffs on Chinese goods to help seal a partial deal that would reduce tensions with Beijing as early as this month.
More earnings announcements again today with another 274 companies reporting. We will hear from key names such as, Allergan, Cinemark, Mylan and Peloton report before the open. Caesars Entertainment and Match Group follow after the close.
The market status continues to be officially as -“Confirmed Uptrend” with now only 4 distribution days on S&P 500, and just 3 on the Nasdaq.
Shares of PRFT triggered a SELL signal yesterday as they sold off -1.5% on nearly twice the normal volume and closed below the 50-day moving average.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
No matter the market, I always have a current watch list ready. There are now 11 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.
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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