– 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 can be found here.
This morning U.S. stock futures are sharply lower with the Dow’s down over -100 points.
Beijing says that tariffs on about $3 billion worth of US imports are going into effect today, hitting 128 products ranging from pork to steel pipes.
QUOTE OF THE DAY:
“Words are, of course, the most powerful drug used by mankind.”
– Rudyard Kipling
European markets were closed on Monday. Asian markets ended mixed.
With the markets closed in observance of Good Friday, Thursday was the last trading day of the week, the month, and also the first quarter.
The major benchmarks did rally on the day, but posted losses for March, and for the quarter with the Dow Jones and S&P 500 posting their first quarterly declines since 2015.
For the week, the Dow rose +2.7%, while the S&P added +2.1% and the Nasdaq was up +1%.
For the month of March, all three booked steep declines, with the Dow off -3.5%, the S&P 500 down -2.7% and the Nasdaq losing -2.9% in its biggest monthly drop since January 2016.
For the quarter, the S&P 500 closed down -1.2%, the Dow lost -2.3% as both indices fell into correction, and also ended nine-quarter win streaks; for the Dow, that represented its longest such streak since 1997.
The Nasdaq, however, did actually end Q1 up +2.3%, the seventh-straight quarterly gain for the tech-laden index.
On the bright side, the S&P 500 and Dow Jones found support at their 200-day moving averages. The Nasdaq composite rose above Wednesday’s session high. There were many stocks making gains with an increase in volume.
We now have a total of 14 stocks which we will be watching for a possible breakout here.
One stock in particular is ENV which is trading just off of new highs and above support of 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.