– 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.
9:00 AM – MORNING MARKET & WATCH LISTS UPDATE
NOTE: Today’s watch list with annotated charts can be found here.
The major averages continued their climb to record levels last week with the benchmarks posting modestly weekly gains as companies started reporting their Q3 results.
QUOTE OF THE DAY:
“Life can only be understood backwards; but it must be lived forwards.”
– Soren Kierkegaard
The Dow Industrials ended the week up +0.4%, while the S&P 500 closed +0.2%. Both have risen for five straight weeks. The Nasdaq posted a third straight weekly gain, although by just +0.2%.
At this point, the Dow has gained nearly +16% this year as the Nasdaq Composite has advanced about +23%.
The S&P 500 is up +14% YTD after rising eight months over the past nine. So far, 2017 has been one of the least volatile years as there has been only eight days where the index has moved more than 1% and zero days by 2% or more.
Mainstream investors will continue to focus on earnings releases, political and geopolitical news, the tax debate and what impact, if any that will have on corporate profits.
The market remains in its uptrend and breakouts continue to be buyable.
After having 3 buyable breakouts during the previous week (MMSI, ALRM, BYD), we have had only one this past week.
As far as our current watch list…
I removed ESNT as its shares had traded above the TRIGGER PRICE, yet the volume at the time was not enough to confirm a BUY signal.
We now have 11 stocks which we will be watching for a possible breakout here.
One stock in particular is ZTS which has high ranks and is building a base near new highs and just above its 50-day moving average.
No one has to wait for me to issue any type of alert. Any trading above the stock’s TRIGGER PRICE while the day’s volume is at least on pace to make the TRIGGER VOLUME would have this set up confirming a BUY signal up to the MAX BUY PRICE.
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.
NOTE: If you would like to be notified via email or text message when one of these stocks breaks out, make sure you are on the BreakOuts Alerts list here.
IMPORTANT: Please confirm that you would like to continue receiving this report in your email each morning by using this form here.
NEW! – 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 email@example.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.