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.


9:15 AM – MORNING MARKET & WATCH LISTS UPDATE

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

The market is set to open a second day lower as U.S. stock futures are off this morning with the Nasdaq’s being down well over half a percent.

The VIX volatility index surged 25% on yesterday, and the CNN Money Fear & Greed Index swung to neutral after days of sitting in the greed territory.

European markets were lower in early trade following a rough session in Asia.

 


QUOTE OF THE DAY:

“Mankind must put an end to war before war puts an end to mankind.”
– John F. Kennedy


Two recent IPO winners – and I use that term facetiously – SNAP and APRN will report second quarter results today. Both stocks have plunged since making their Wall Street debut. SNAP lost a whopping $2.2 billion with a “B” in the first quarter.

Other major announcements are slated today from: Canada Goose (GOOS), Kohl’s (KSS) and Macy’s (M).

After the close we will hear from: News Corp. (NWSA), Noodles & Co (NDLS), Nordstrom (JWN) and NVIDIA (NVDA).

This morning, the U.S. Bureau of Labor Statistics released its July producer prices report while the Department of Labor released its weekly data on initial unemployment claims.

In other economic news – Mexico’s central bank will announce an interest rates decision at 2 p.m. ET.

As far as our watch list for today…

I ran my routine stock screens early this morning, yet did not add any new stocks to our watch list.

We now have a total of 15 stocks which we will be watching for a possible breakout here.

One in particular is CPRT from our Technical SetUps WatchList which had a decent day yesterday as shares opened lower then traded steadily higher. The stock ended the day at the session highs (+2.4%) with a +28% increase in volume.

Of course, there is resistance of the previous highs at $32.00.

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

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 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.