– 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.
9:00 AM – MORNING MARKET UPDATE & WATCH LIST
[dropcap]T[/dropcap]he market opened higher on Monday morning to start the week, yet the major averages closed lower, ending mixed for Monday’s session. The Dow managed to eked out it fourth day of gains.
QUOTE OF THE DAY:
“The probability that we may fail in the struggle ought not to deter us from the support of a cause we believe to be just.”
– Abraham Lincoln
Yesterday, Beijing reported some worse-than-expected trade for August, showing its trade surplus dropping and exports to the United States lower.
This morning, futures are modestly lower as we prepare for Tuesday’s trading.
The market remains in a confirmed uptrend with 5 distribution day on the Nasdaq and 3 on the S&P 500.
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BREAKOUT UPDATE:
Many of September’s 7 breakouts got hit with sharp selling Monday.
| SYM | MON $ CHG |
MON % CHG |
MON CLOSE | BUY PRICE |
% G/L |
| BSX | -$1.71 | -3.94% | $41.74 | $43.63 | -4.33% |
| TRI | -$1.52 | -2.15% | $69.26 | $71.03 | -2.49% |
| MDLZ | -$0.15 | -0.26% | $56.48 | $55.94 | +0.97% |
| MA | -$8.02 | -2.75% | $283.36 | $283.43 | -0.02% |
| AKAM | -$2.23 | -2.43% | $89.59 | $90.86 | -1.40% |
| ACGL | +$0.03 | +0.07% | $41.34 | $40.30 | +2.58% |
| INFO | -$0.62 | -0.91% | $67.29 | $66.17 | +1.69% |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
NOTE: You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month here.
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WATCHLIST UPDATE:
Regardless of any market status, I still run stock screens on a daily basis to always have a current watch list ready.
We also had a watch list stock get hit yesterday as shares of RGEN closed down more than -11%. It was removed from the watch list.
There are now 20 stocks that we will be watching for a traditional break out to new highs this coming week.
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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James’ Flagship Weekly Newsletter.
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[dropcap]J[/dropcap]ames’ long-running weekly newsletter is completely focused on only highly-ranked stocks which match up very favorably with the proven and winning guidelines.
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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.
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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.