6:30 AM – MORNING MARKET UPDATE & WATCH LIST
Investors started the holiday-shortened Thanksgiving week in a relatively upbeat mood yesterday as China trade optimism helped the market rally to record highs.
The Nasdaq gained a whopping +113, and the Dow closed up +191, while the S&P added +23.
QUOTE OF THE DAY:
“Identify your problems but give your power and energy to solutions.”
– Tony Robbin
This morning, futures are flat as Asian markets were mixed overnight and European stocks opened lower, weighed down by travel companies and banks.
Alibaba’s stock popped nearly +7% in its Hong Kong debut — a strong showing for one of China’s most prominent tech companies.
As fas as economic data today, we have consumer confidence for November and new-home sales for October.
BREAKOUT ALERT UPDATE:
Fresh breakouts remain buyable, and we had another BreakOut Alert yesterday in KNL.
NOTE: This stock was first featured in my “Stock WatchList: Morning Update” before it 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.
No matter the market, I always have a current watch list ready. There are now 10 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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