7:00 AM – MORNING MARKET UPDATE & WATCH LIST
Yesterday, the Dow lost -115 points, or -0.4%, while the S&P 500 ended down -0.5% and the Nasdaq shed -0.8%.
QUOTE OF THE DAY:
“I think whether you’re having setbacks or not, the role of a leader is to always display a winning attitude.”
– Colin Powell
This morning, global stocks point to another day of declines as investors wait for more information from central banks.
The Dow is poised to drop -120 points, or -0.5%, at the open. The Nasdaq could fall -0.7% and the S&P 500 is also tracking down -0.5%.
European markets opened lower. Britain’s FTSE 100 fell -0.3% in early trading, while Germany’s DAX plummeted -1.3%.
That follows further declines in Asia. Hong Kong’s Hang Seng fell -0.8% and the Shanghai Composite dropped -0.2%. Japan’s Nikkei was the outlier, rising +0.1%.
We had a new high-ranked breakout yesterday.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
I continue to run stock screens on a daily basis searching for high-ranked leaders, with solid fundamentals that are building bullish technical bases. I did not add any new stocks to our watch lists this morning.
There are now a total of 11 stocks on our watch lists.
You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.
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.
James’ Flagship Weekly Newsletter.
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James’ long-running weekly newsletter is completely focused on only highly-ranked stocks which match up very favorably with the proven and winning guidelines.
It features only about 6 – 12 stocks on average in a weekly watch list.
We’ve found that this watch list is ideal for short-term 0r intermediate-term traders, as well as longer-term investors.
Each stock has both strong fundamentals for potential longer-term growth and the solid technical characteristics which may be more appealing to shorter-term traders who like to buy breakouts and sell a few days later with good profits.
NOTE: On SUNDAY THERE WERE A TOTAL OF 10 STOCKS on the watch list in the current issue. As of Wednesday morning, there are now 6 stocks as 4 have already broken out this week.
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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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