– 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.


7:00 AM – MORNING MARKET UPDATE & WATCH LIST

SEE ALL MY CURRENT WATCH LISTS HERE: James’ Stock WatchLists

After a decent up day yesterday where the Dow Jones and the Nasdaq closed up +0.3% while the S&P 500 edged up +0.1%, futures are higher this morning.


QUOTE OF THE DAY:

“All I can control is myself and just keep having a positive attitude.”
– Rose Namajunas


European markets opened mixed. Stocks in the United Kingdom and Spain were lower, while markets in Germany, France and Italy posted gains.

Stocks in Asia closed mostly higher.

Morgan Stanley (MS) will release earnings before the open. E*TRADE (ETFC), Las Vegas Sands (LVS) and Pier 1 Imports (PIR) will follow after the close.

Chipmaker Qualcomm (QCOM) closed +23% higher on Tuesday, after it announced it reached a settlement and license agreement with Apple (AAPL) over patents.

The U.S. Energy Information Administration will publish a report on crude inventories at 10:30 a.m. ET.

The governors of the Bank of England and the Bank of France are set to speak in Paris at 9:00 a.m. ET.

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Looking for a Like-Minded Professional Who Manages Money ?
   – James F. 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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UPDATE: Paylocity Holding Corp. (PCTY – Nasdaq)

Was first added to our watch list early Monday morning.

Also, included in the weekend’s Sunday Stock Report.

Shares broke out yesterday morning and cleared our posted TRIGGER PRICE of $91.71.

The volume on the breakout was running well above +100% or more than twice the normal rate.

Chart services courtesy of stockcharts.com. Annotations by James Taulman.

The afternoon’s sharp pullback from the intra-day highs is a serious concern.

I am going to put our 1st SUPPORT at the previous highs and the coinciding round-$90.

Our 2nd SUPPORT is at the rising 50-day moving average, currently at $85.79.

I ran my routine stock screens this morning and added 2 new stocks to our watch lists.

There are now a total of 18 stocks on our watch lists. – see here.

SEE ALL MY CURRENT WATCH LISTS HERE:  James’ Stock WatchLists

Current Personal 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: 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.