Richard-James– 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.


8:30 AM – MORNING MARKET & WATCH LISTS UPDATE

NOTE: Today’s watch list can be found here.

The major averages booked solid gains this past week as buyers felt supported by solid corporate earnings, and a retrenchment of government bond rates and the dollar.

For the week, the Dow rose +2.3%, the S&P 500 advanced +2.4% and the Nasdaq climbed +2.7%.


QUOTE OF THE DAY:

“With the new day comes new strength and new thoughts.”
– Eleanor Roosevelt


The Dow posted its longest daily win streak since a similar stretch that ended Nov. 8th, 2017.

The Nasdaq was pressured on Friday with NVDA weighing down the index a day after it reported results which also effected both chip-makers and the tech sector overall. Friday’s decline was the first loss for the Nasdaq of the past six sessions.

The S&P 500 has extended its break atop major resistance — resolving a double bottom, defined by the April and May lows — while the Nasdaq Composite has concurrently extended its rally atop key trendline resistance.

The IBD upgraded the stock market current outlook to “Uptrend resumes”.

Also of note, the CBOE Volatility index fell on Friday, extending its recent decline as the U.S. stock market continued to rebound. The day’s decline marked its seventh straight daily drop, its longest streak in about a year.

This morning, U.S. stock futures are pointing higher.

European markets opened lower, while stocks in Asian ended the session mixed.

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Last Friday, we had a breakout in SSD as shares traded above their their TRIGGER PRICE.

Chart courtesy of stockcharts.com – Click chart to enlarge.

I ran my routine stock screens over the weekend, and added 6 new stocks to our watch list.

We now have a total of 17 stocks which we will be watching for a buyable breakout here.

One stock in particular is JWA, which is nearing its TRIGGER PRICE.

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 james@jamestaulman.com as I would be glad to assist you. _________________________________________________

About the Founder: Richard-JamesJames 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.