– 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.

9:00 AM – MORNING MARKET UPDATE & WATCH LIST

Yesterday, the S&P 500 broke out and closed at a new all-time high as hopes for progress on a US-China trade deal sent markets higher. The Nasdaq nearly did the same, ending just shy of a new record. The Dow closed up +133, yet still ~300 points from its previous highs.


QUOTE OF THE DAY:

“It doesn’t matter where you are coming from. All that matters is where you are going.”
Brian Tracy


For Tuesday, markets in Europe fell in early trading. That follows pressure on stocks in Asia, with the exception of Japan.

We’re about halfway through earnings season. BP, GM, Kellogg, Pfizer and Xerox are reporting results before the open. Denny’s, Mattel and Mondelez will follow after the close.

U.S. consumer confidence for October arrives at 10 a.m. ET.

The Federal Reserve is expected to cut short-term interest rates again this coming week, the latest in a series of rate reductions around the world.

This morning, futures are flat on the S&P and the Nasdaq. The Dow’s are off -42.

The market status continues to be officially as -“Confirmed Uptrend” with 7 distribution days on S&P 500, and now 6 on Nasdaq.

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BREAKOUT UPDATE: 

Last 5 BreakOut Alerts

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

NOTE: These stocks were on my Technical SetUps WatchList. You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.

Questions? – Click here.

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BuyingBreakOuts.com

“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”

Start Receiving Our Free BreakOut Alerts

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WATCHLIST UPDATE:

No matter the market, I always have a current watch list ready. There are now 12 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.

Questions? – Click 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.