– 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.
7:00 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
[dropcap]O[/dropcap]n Tuesday, the S&P 500 added +0.9% to break through its record closing high from September. The Nasdaq gained +1.3% to beat its record close from August. Meanwhile, the Dow added +0.55%.
QUOTE OF THE DAY:
“All I can control is myself and just keep having a positive attitude.”
– Rose Namajunas
This morning, European markets opened mixed, following the trend set in Asia.
Earning from the following companies will be released before the open: Anthem (ANTM), AT&T (T), Boston Scientific (BSX), Caterpillar (CAT), Domino’s Pizza (DPZ), SAP SE (SAP), Sirius XM (SIRI), T. Rowe Price (TROW) and Tupperware (TUP), and of course, Facebook (FB) and Boeing (BA).
After ths close we will hear from: Chipotle Mexican Grill (CMG), Fidelity National (FNF), Microsoft (MSFT), PayPal (PYPL) and Visa (V).
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BREAKOUT UPDATE:
The Last 5 BreakOuts from the Technical SetUps WatchList
At the start of Tuesday morning’s trading, we had a total of 5 stocks which had broken out from the Technical SetUps WatchList over the past four weeks.
Three of those – PCTY, HEI, and CSGP closed yesterday with volume-backed gains, and at new all-time highs. Also, all three closed at their individual session highs. This is welcomed bullish action in tandem with the broader market.
Notice how these stocks have all held at our noted support levels following their breakout day. – See charts below.
| SYM | LAST | ADDED TO WATCH LIST |
BREAK OUT PRICE |
BREAK OUT DATE |
MAX BUY PRICE | CURRENT % GAIN /LOSS |
| PCTY | $94.70 | 4/14/19 | $91.71 | 4/16/19 | $96.30 | +3.26% |
| DECK | $151.97 | 3/31/19 | $149.90 | 4/11/19 | $157.40 | +1.38% |
| HEI | $103.49 | 3/24/19 | $98.53 | 4/1/19 | $99.86 | +5.03% |
| CSGP | $495.08 | 3/31/19 | $475.68 | 4/1/19 | $499.46 | +4.08% |
| CHD | $73.44 | 1/23/19 | $69.59 | 3/28/19 | $73.07 | +5.53% |
NOTE: We did have 2 new breakouts on Tuesday afternoon in AJG and ADBE.
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: All of the high-ranked stocks above first appeared in our daily…
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I ran my routine stock screens early this morning, yet did not find any new stocks to add to our watch lists.
There are still a total of 17 stocks on our watch lists. – see 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.
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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