– 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]A[/dropcap]fter a wild swing yesterday, U.S. stock futures are lower this morning with the Dow’s down -120.
QUOTE OF THE DAY:
“Example is leadership.”
– Albert Schweitzer
Stock markets in China have stabilized somewhat after the sharp sell-off on Monday.
Also, fears appeared to be waning in Europe and Asia, where stocks were mixed.
Yesterday, the major U.S. averages all reversed higher from the respective support points which were illustrated in my weekend – Sunday Stock Report.
“The Blue-chips have strong, near-coinciding support of the previous lows, along with the 50-day moving average at 26078, and the round-26000.”
Monday’s low was 26034.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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BREAKOUT UPDATE:
Support Levels to Watch for Recent BreakOuts
We have not had any breakouts thus far in May.
Here are all of April’s breakouts from the Technical SetUps WatchList which was included in the daily Stock WatchList: Morning Update.
| SYM | LAST | BREAK OUT PRICE |
BREAK OUT DATE |
1st SUP-PORT |
2ND SUP-PORT |
% GAIN/ LOSS |
| SPLK | $135.10 | $139.14 | 4/29 | 50 DMA |
$120.00 | -2.90% |
| MIME | $53.22 | $51.76 | 4/29 | $50.00 | 50 DMA | +2.82% |
| ZEN | $87.81 | $86.95 | 4/29 | 50 DMA |
$80.00 | +0.99% |
| EVTC | $29.80 | $31.20 | 4/29/19 | 50 DMA |
200 DMA | -4.49% |
| HUBS | $186.10 | $176.62 | 4/26 | $173.00 | 50 DMA |
+5.37% |
| SPSC | $107.01 | $112.10 | 4/26 | 50 DMA |
$100.00 | -4.54% |
| COUP | $104.95 | $100.10 | 4/26 | $97.00 | 50 DMA |
+4.85% |
| NOW | $269.75 | $251.75 | 4/25/19 | $250.00 | 50 DMA |
+7.15% |
| QTWO | $73.98 | $72.10 | 4/23 | 50 DMA |
$65.00 | +2.61% |
| AJG | $83.56 | $81.19 | 4/23 | $81.00 | 50 DMA |
+2.92% |
| ADBE | $283.66 | $277.71 | 4/23 | $275.00 | 50 DMA |
+2.14% |
| PCTY | $97.11 | $91.71 | 4/16 | 50 DMA |
$80.00 | +5.89% |
| DECK | $157.71 | $149.90 | 4/11 | 50 DMA |
$140.00 | +5.21% |
| HEI | $106.65 | $98.53 | 4/1 | $100.00 | 50 DMA |
+8.24% |
| CSGP | $506.22 | $475.68 | 4/1 | 50 DMA |
$450.00 | +6.42% |
| CHD | $73.85 | $69.59 | 3/28 | $72.50 | 50 DMA |
+6.12% |
NOTE: The breakouts above were first featured in our Stock WatchList: Morning Update
Major companies reporting earnings today include Cinemark (CNK), Dean Foods (DF), Energizer (ENR), Marriot Vacations (VAC) and SeaWorld Entertainment (SEAS) before the open.
Then we have Electronic Arts (EA), Lending Club (LC), Match Group (MTCH), Papa John’s (PZZA), Sprint (S), TripAdvisor (TRIP) and Western Union (WU) after the close.
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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 watchlists.
We still have a total of 16 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.
Missed any of these morning reports? You can find all previous reports 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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