8:30 AM – MORNING MARKET UPDATE & WATCH LIST
Yesterday, the major averages closed sharply higher, paring losses from earlier in the week.
QUOTE OF THE DAY:
“A winning effort begins with preparation.”
– Joe Gibbs
Currency tensions between the United States and China are easing slightly, though the relationship between the world’s two largest economies remains tense.
China on Wednesday fixed the yuan at a new 11-year low. But it’s taken steps to shore up its value, which has mollified anxious investors.
Stocks in Asia were mixed in response. The Shanghai Composite fell -0.3% while Hong Kong’s Hang Seng gained +0.1%.
Meanwhile, European markets opened higher. Britain’s FTSE 100 rose +0.7%, while Germany’s DAX gained +1.2% in early trading.
U.S. stocks are also set to trade in the green. The Dow could open up +60 points, or +0.2%. The Nasdaq is tracking up +0.5%, while the S&P 500 is poised to increase +0.3%.
Two breakouts this week.
|SYM||LAST||ADDED TO WATCH LIST||BREAK
There are now a total of 6 stocks on our watch lists.
You can now start receiving my Technical SetUps WatchList each market morning through the BuyingBreakOuts website for only $9 a month 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.
James’ Flagship Weekly Newsletter.
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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.
NOTE: On SUNDAY THERE WERE A TOTAL OF 10 STOCKS on the watch list in the current issue. As of Wednesday morning, there are now 6 stocks as 4 have already broken out this week.
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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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