– 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.
8:45 AM – MORNING MARKET UPDATE & WATCH LIST
NOTE: Today’s watch list can be found here.
[dropcap]Y[/dropcap]esterday was a solid up day as the Dow Jones gained +0.7% on Tuesday, while the S&P 500 added +0.5%. The Nasdaq advanced +0.8%.
Global markets appear largely unfazed by the latest escalation in the trade war between the United States and China.
U.S. stock futures are only off slightly this morning. European markets opened higher. Asian markets were mixed, while stocks in China and Hong Kong ended the session higher.
Yesterday, we had another stock from our watch list confirm a BUY signal as shares of INXN traded above their TRIGGER PRICE with the required +50% increase.
This stock was just featured in this report Tuesday morning with the headline – “Futures Steady – INXN Needs Volume to Confirm a BUY”.
Chart courtesy of stockcharts.com – Click chart to enlarge.
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I ran my routine stock screens this morning, yet did not add any new stocks to our watch list.
I did remove COP as shares have now traded too far above the stock’s TRIGGER PRICE, yet the daily volume never confirm a BUY signal.
We now have 12 stocks which we will be watching for the next buyable breakout – see here.
One stock in particular is long-term care provider ENSG which reclaimed its 50-day moving average yesterday with a +55% increase in volume.
Chart courtesy of stockcharts.com – Click chart to enlarge.
Current 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.
As always, if anyone has any questions – please feel free to email me at james@jamestaulman.com as I would be glad to assist you. _________________________________________________
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. _________________________________________________ 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.