– 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.
6:30 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
[dropcap]O[/dropcap]n Monday, the Dow closed down -0.3%. The S&P 500 fell -0.7%, and the Nasdaq lost -1.5%.
This morning, U.S. stock futures point to modest gains. The Dow is set to rise about +80 points, or +0.3%, when U.S. markets open. The Nasdaq is poised to jump +0.6%, and the S&P 500 could climb +0.4%.
QUOTE OF THE DAY:
“Remember upon the conduct of each depends the fate of all.”
– Alexander the Great
European markets opened in the green, with Britain’s FTSE 100 index adding +0.6% and Germany’s DAX index rising +0.7% higher.
Those increases follow a mixed trading session for stocks in Asia. Hong Kong’s Hang Seng index fell -0.5%, while the Shanghai Composite index swung the other way and rose +1.2%. Japan’s Nikkei lost only about -0.1%.
Investors are on high alert for China’s yuan to fall to the symbolically important level of 7 to the US dollar. A move below that threshold, last breached during the 2008 financial crisis, could ripple through markets and further complicate trade talks between Washington and Beijing.
Earnings from retailers kicks into high gear, Tuesday. Home Depot (HD), JCPenney (JCP), Kohl’s (KSS) and TJX (TJX) will release earnings before markets open. Nordstrom (JWN) and Urban Outfitters (URBN) will publish results after the close.
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BREAKOUT UPDATE:
Yesterday, DRI broke out from our Technical SetUps WatchList.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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WATCHLIST UPDATE:
I ran my routine stock screens this morning, yet did not find any new stocks to add to our watch lists.
There are now 13 stocks on our watch lists.
Current Personal Portfolio 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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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.