9:00 AM – MORNING MARKET UPDATE & WATCH LIST
Yesterday, the Dow finished up just 10 points, the S&P 500 declined only 6 points, while the Nasdaq lost 11 points.
QUOTE OF THE DAY:
“Everyone wants to live on top of the mountain, but all the happiness and growth occurs while you’re climbing it.”
– Andy Rooney
This morning futures are flat ahead of Trump’s scheduled speech at the Economic Club of New York at 12 p.m. Eastern Time. The president is expected to discuss a prolonged tariff dispute between China and the U.S.
Earnings season is winding down. This morning there are announcements from Tyson Foods (TSN) and CBS (CBS). Then, SmileDirectClub (SDC) will report after the close.
Tomorrow, Fed Chairman Jerome Powell will testifie before Congress on the state of the economy.
We had another BreakOut Alert yesterday as shares of GIB traded above their TRIGGER PRICE of $80.69 at 9:54 AM.
NOTE: This stock was 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.
No matter the market, I always have a current watch list ready. There are now 6 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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