– 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.
7:45 AM – MORNING MARKET UPDATE & WATCH LIST
[dropcap]A[/dropcap]fter two back-to-back brutal down days, futures are pointing significantly higher for Wednesday morning.
QUOTE OF THE DAY:
“We may encounter many defeats but we must not be defeated.”
– Maya Angelou
Yesterday, the major averages gapped down and the Dow Jones closed with a -280 point loss, off of the session lows, after losing -268 points on Monday. The same can be said for the Nasdaq which has lost nearly -150 points so far this week. The S&P 500 gave up almost -50 points, over the past two sessions, during this sharp pullback from record highs scored during the previous week.
Currently, Dow futures are up +163 to start Wednesday’s trading after Bloomberg reported that despite the noise this week, the United States and China are moving closer to a trade deal. Markets in Europe rose in early trading, while stocks in Asia mostly fell.
The VIX, a measure of market volatility, remains elevated — up roughly +30% in the past week.
The ADP private employment report for November arrives at 8:15 a.m. ET. Them we have the November ISM Non-Manufacturing Index, which tracks the US services sector, at 10 a.m.
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BREAKOUT ALERT UPDATE:
We had another BreakOut Alert yesterday.
| SYM | LAST | ADDED TO WATCH LIST |
TRIGGER PRICE |
TRIGGER VOLUME |
MAX BUY PRICE | % FR TRIG PR |
| AQN | $14.20 | 11/19 | $14.22 | 1,505,850 | $14.93 | -0.14% |
Chart services courtesy of stockcharts.com. Annotations by James Taulman
NOTE: This stock was first featured in my “Stock WatchList: Morning Update” before it broke out. You can now start receiving my “Stock WatchList: Morning Update” each market morning through the BuyingBreakOuts website for only $9 a month or just $97 for an entire year here.
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BuyingBreakOuts.com
“Morning High-Ranked Stock Watch List & Intra-Day BreakOut Alerts”
Start Receiving Our Free BreakOut Alerts
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WATCHLIST UPDATE:
No matter the market, I always have a current watch list ready. There are now 7 stocks that we will be watching for a traditional break out to new highs.
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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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.