– 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. 6:45 AM – MORNING MARKET UPDATE & WATCH LIST NOTE: Today’s watch list can be found here. On Wednesday, the Dow Jones closed -0.4% lower, while the S&P 500 and the Nasdaq finished flat. QUOTE OF THE DAY: “Sometimes life will test you but remember this: When you walk up a mountain, your legs get stronger.”– Unknown This morning, US stock futures are pointing modestly lower. European markets were up, while equities in Asia ended the session mostly lower. ____________________________________________________ Now You Can Start Receiving James’ –Technical SetUps WatchList Each Market Morning Early each market morning James diligently screens through hundreds of high EPS and RS ranked stocks that have solid fundamentals. He is looking for those select few which are setting up in sound technical bases and which looked poised to breakout that day. Each stock is listed with specific trading criteria such as a TRIGGER PRICE, TRIGGER VOLUME and MAX BUY PRICE. Normally $19.95 a month, now just $9 a month through James’ BuyingBreakOuts.com website. LEARN MORE ABOUT THIS SPECIAL 50% DISCOUNT OFFER HERE ____________________________________________________ Blackstone (BX) and Philip Morris International (PM) plan to release earnings before the open Thursday. American Express (AXP), E*TRADE (ETFC) and PayPal (PYPL) will follow after the close. In case you missed it, there is the special report I put together after the market pulled back last week – “High-Ranked Pullbacks to Support” (available to everyone). I ran my routine stock screens early this morning, yet did not find any new stocks to add to our watch list. I removed ICLR as the stock pulled back with the market last week, and now just does not have a proper base to buy off of. We now have 7 stocks which we will be watching for the next buyable breakout – see here. One in particular is GMED which has been recovering from the markets uburpt pullback last week. This Medical-Products leader is now within -4% of its TRIGGER PRICE. This selection was also included in a special report I put out over the weekend – “High-Ranked Pullbacks to Support” and is now up +7.35% since. Chart courtesy of stockcharts.com. Read more about Globus Medical Inc. from IBD and see some of the stock’s ranks here. Now get 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. 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. 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.