– 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

After 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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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.