– 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.
3:00 PM – Today’s BreakOuts & Portfolios Update
The sell off in the major averages which took the Nasdaq and the S&P 500 to below their respective 50-day moving averages is taking a pause today.
The major averages are sitting with marginal gains as we enter the final hour of the week’s trading.
We have no new breakout again today.
2017 Complete Portfolio Updates
Below are stocks from our 2017 Complete Portfolio which have noteworthy action today.
GDDY – Showing signs of a recovery from the earnings hit yesterday.
NMIH – Continues pulling back, yet volume today is light as shares are at support of the 50-day moving average ($11.49).
AER – Pulling back today -1.5%, yet volume is just below the normal rate.
Shares are above support of the 50-day morning average ($47.37).
WAL – Sold off yesterday -4.3%, as volume came in at about average.
Further declines today just below support of the 200-day at $48.12 as volume is lighter.
MRVL – After falling below support of the 200-day line yesterday, shares are making gains today, yet volume lacks conviction.
Any further declines would be the final sell signal.
TSM – Gains today of more than +2%, yet volume is below average.
SINA – Decent gains today +1.3% with an increase in volume as shares move up from the 50-day moving average support.
CSII – At support of the previous lows of $30.
ALRM – After blasting to new highs Wednesday on earnings, shares sold off only marginally yesterday, and now are making a positive reversal today with volume.
ESNT – Making a nice postive reversal today after blasting to new highs on Monday, then pulling back three days in a row with above average volume declines on a stock offering.
TSLX – Nice positive reversal today with volume.
2016 TrendLine Portfolio
Below are stocks from our TrendLine Portfolio which have noteworthy action today.
NTES – Holding up near the 200-day moving average ($271.11).
ABM – Pulling back today nearly -1%, yet volume is below average.
Shares are just above support of the 50-day moving average ($42.81).
MXL – New lows today with an increase in volume.
As of today, this stock will no longer be covered in this series of reports.
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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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