– 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.
8:00 AM – MORNING MARKET & WATCH LISTS UPDATE
NOTE: Today’s watch list can be found here.
U.S. stock futures are pointing sharply higher this morning.
European and Asian markets were mixed to start their week.
This follows the limited strikes by the United States, the United Kingdom and France against areas of Syria on Saturday.
QUOTE OF THE DAY:
“Some people dream of success, while other people get up every morning and make it happen.”
– Wayne Huizenga
On Friday, the major averages closed the session lower, led by a selloff in banking stocks, but each indexe still posted considerable weekly gains.
The Dow Jones advanced +1.8%, as the S&P 500 rose +2% while the Nasdaq closed up +2.8%.
Last week, I reported that the major indexes were fighting to stay above their 200-day moving averages. After they made a solid advance this past week, each is now at resistance of their respective 50-day moving averages.
For the Dow that is 24,653, the Nasdaq’s is currently at 7,196 and the S&P 500’s at 2,689.
On Friday, each was turned back from this important technical level.
Earnings could prove to be a bright spot for investors, who have been looking for fundamental news to trade on, as opposed to uncertainties surrounding U.S. politics and trade with China. However, political issues and now Syria/Russia will likely remain in focus, despite the ramp-up of earnings.
We now have a total of 16 stocks which we will be watching for a buyable breakout here.
One stock in particular is CENTA which is trading just above its 50-day moving average.
Chart courtesy of stockcharts.com – Click chart to enlarge.
No one has to wait for me to issue any type of alert. Any gains 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.
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 firstname.lastname@example.org 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.