9:00 AM – MORNING MARKET UPDATE & WATCH LIST
Yesterday, the Dow eked out a small gain Monday, after a lackluster trading session following weaker-than-expected economic data in Europe and renewed fears about the trade war.
QUOTE OF THE DAY:
“We aim above the mark to hit the mark.”
– Ralph Waldo Emerson
Investors are still coming to grips with the latest developments on the US-China trade front, after a Chinese delegation canceled visits to midwestern farms on Friday.
Stocks finished mixed. The Dow closed +15 points, or +0.1% higher, snapping a modest two-day losing streak. The S&P 500 finished flat and the Nasdaq closed down -0.1%.
This morning, U.S. stock futures are pointing higher. Markets in Europe mostly climbed in early trading, with the exception of Britain’s FTSE 100. Stocks in Asia rose slightly.
The market does remain officially in a “confirmed uptrend”. The S&P 500 is now sitting with a count of 3 distribution days. The Nasdaq has none.
On Monday, we had another high-ranked stock break out from our morning watch lists.
|SYM||LAST||ADDED TO WATCH LIST||BREAK OUT PRICE||BREAK OUT DATE||MAX BUY PRICE||%
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
NOTE: This stock was on my Technical SetUps WatchList. 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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While reviewing well over 250 charts last night, I added 1 new stock to our watch lists this morning.
There are now 12 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.
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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