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 UPDATE & WATCH LIST

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

Yesterday, the Dow finished the session with a near 200 point gain as the S&P 500 flirted with a fresh all-time high. However, the Nasdaq sat out the day’s rally, ending lower on the session.

 


QUOTE OF THE DAY:

“There is a higher court than courts of justice and that is the court of conscience. It supersedes all other courts.”
– Mahatma Gandhi


This morning, U.S. stock futures are lower.

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Looking for a Like-Minded Professional Who Manages Money ?
   – James Taulman

One question that I am regularly asked is – “Can you recommend a professional who manages money using the same methodology which your services are based upon?”

Over the years, there has been just a handful of these professionals who have stood out from the rest, and who I would highly recommend to anyone who is looking for professional guidance.

One of them is Jack Elvestrom and here’s why… 

CONTINUED HERE

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European markets are off by less than -1% in early trading. Asian markets ended mixed, with Hong Kong’s Hang Seng dropping -2.5% as traders returned from a holiday.

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

We still have 13 stocks which we will be watching for the next buyable breakout – see here.

One of those is NUVA which is building a base near new highs.  This medical products maker has traded higher for the past 3 consecutive sessions and is now near (-1.3%) its TRIGGER PRICE.

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

Standard rules apply – 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 any of these set ups confirming a BUY signal up to their MAX BUY PRICE by default.

Keep in mind that when a stock breaks out – becomes potentially buyable – there are other factors to consider.

Volume on the breakout. A stock that is breaking out through resistance, with an increase in volume of +50% above the stock’s average volume (50 DAV), is showing more conviction and more demand. This is not saying – all lower volume breakouts will fail. Actually, we’ve seen many continue higher. If you have found that you did buy a stock that showed lower daily volume or volume under 50%, going forward – simply treat it a regular trade.

Earnings BreakOuts. Many stocks from our watch list will break out during earnings season. Earnings breakouts can be more rewarding, however, these trades carry much more risk then traditional (non-news) breakouts. One needs to also consider – the strength/weakness of the fundamental news that was just released along with the forward-looking guidance the company gave, investors response to the conference call, etc. For anyone who is not familiar with – buying earnings breakouts – I suggest that they sit through a few seasons to study, paper trade, and show some profits, before applying actual capital.

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.