– 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.
6:00 AM – MORNING MARKET UPDATE & WATCH LIST
SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists
[dropcap]S[/dropcap]tock markets are rallying after the U.S. Federal Reserve suggested it could cut rates.
QUOTE OF THE DAY:
“The most important thing is to try and inspire people so that they can be great in whatever they want to do.”
-Kobe Bryant
Yesterday, the major averages logged their best day since January. The Dow closed up +512 points, or +2.1%. The S&P 500 also ended +2.1% higher. The Nasdaq climbed +2.7%, erasing Monday’s losses on concerns about increased tech regulation.
As illustrated here yesterday, the Nasdaq and the S&P 500 both fell to their previous low (3/8 – green-dashed line).
This was where each bounced from previously.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
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BREAK OUT UPDATE:
Shares of AWI broke out on Monday and then followed through yesterday with solid gains.
This was the first breakout we have had in the last 2 weeks.
For those who bought this latest breakout, support levels have been updated below.
| SYM | LAST | ADDED TO WATCH LIST |
BREAK OUT PRICE |
BREAKOUT DATE |
| AWI | $92.70 | 6/2/19 | $89.54 | 6/3/19 |
Chart services courtesy of stockcharts.com. Annotations by James Taulman.
| MAX BUY PRICE |
1st SUPPORT |
2nd SUPPORT |
MAX STOP LOSS GUIDE | % GAIN/ LOSS |
| $94.02 | $89.00 | 50 DMA | $82.38 | +3.53% |
AWI was one of the 9 stocks featured in this week’s Sunday Stock Report. At this point, we are watching the remaining 8 for a buyable breakout.
Get insatant access to these remaining 8 stocks which are on the watch list in this week’s Sunday Stock Report with a complimenrty copy here.
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Now You Can Request a Complimentary Copy of James’ Flagship Weekly Newsletter…
The Sunday Stock Report
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.
REQUEST YOUR COMPLIMENTARY COPY HERE
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WATCHLIST UPDATE:
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 ran my routine stock screens this morning, yet did not find any new stocks to add to any of our watch lists.
There are now 10 stocks on our watch lists.
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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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.