6:30 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
On 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.
Yesterday, DRI broke out from our Technical SetUps WatchList.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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.
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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