6:30 AM – MORNING MARKET UPDATE & WATCH LIST
[dropcap]I[/dropcap]nvestors 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.
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.
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.