The major averages finished well off of their intraday lows yesterday. Futures are higher this morning. The European markets are up +2% on the back of a bank rally. Still, you should continually sort your holdings from the technically weakest to the strongest. To sort your stocks properly – watch your holding’s daily price/volume action. I call this the stock’s vitals. Consider the daily price action along with and compared to the daily volume. A stock moving up with an increase in volume (+1.2%/+65%), is good, while a stock trading down with a rise in volume (-2.3%/+56%), is bad. Simple as that. Also, see how shares behave if the stock pulls back to certain support areas. These are price points such as the previous highs of a base, an upward trendline, or more importantly the 50- and 200-day moving averages. Looking for examples of strength or resilience. See our VZ, ALE, and CMS. We actually had a breakout with volume yesterday as OSUR traded above its downward trendline with volume. I ran my usual stock screens early this morning yet did not find anything new to add to any of our watch lists. Finally, Yellen starts two days of testimony on Capitol Hill today. Markets are looking for clues as to whether the Fed will raise interest rates again this year. Any questions or concerns, please email me at james@jamestaulman.com. _________________________________________TrendLine SetUps WatchList UPDATE: Cal-Maine Foods, Inc. (CALM – Nasdaq) Light volume trading continues. Great ranks and great fundamentals. A break above the downward trendline (blue line on the chart) with above average volume would have this stock triggering a technical buy signal. However, shares would still have to clear resistance of the 200-day moving average. UPDATE: Prestige Brands Holdings, Inc. (PBH – NYSE) Experiencing some volatility after announcing earnings late last week. Great ranks and good fundamentals. A break above the downward trendline (blue line on the chart) with above average volume would have this stock triggering a technical buy signal. ________________________________________________Our TrendLine BreakOuts From Our Set Ups NEW: OraSure Technologies, Inc. (OSUR – Nasdaq) Actually broke out on Tuesday as shares traded above the downward trendline. UPDATE: Allete, Inc. (ALE – NYSE) Continues to show strength and resilience. _________________________________________ About the Founder: James F. Taulman – For more than 8 years James had served as Editor-in-Chief an 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. James now runs two websites and a portfolio service where he features select stocks which match up very favorably with the guidelines of the winning investing system. At his long-standing SundayStockReport.com website, he produces a weekly newsletter that includes his High Ranked Leaders Watch List, and ongoing portfolio style coverage on breakouts from that concise list. His newer site, BuyingBreakOuts.com is where he offers a stock watch list each market morning, emailed out as a Stock WatchList Morning Update. This report contains his hand selected stocks which looked the most poised to break out. There are also real-time “BreakOuts Alerts!” of stocks from that list which trade above his Trigger Price. These are sent via email to those who sign up for this free service. Most recently James introduced – James Taulman’s Personal Portfolio Service where he gives specific BUY, HOLD or SELL calls on suitable high-ranked market leaders. These selections have solid fundamentals along with bullish technical chart patterns. He also presents stocks for shorting and gives, SHORT and COVER alerts on those as well. He designed this service to take only what he sees as the most sound stock selections from all of the services which he currently offers. This new service is basically how he uses the information which he has available to him, to trade a personal brokerage account. Please feel free to email James directly at james@jamestaulman.com with any questions or concerns, as he would be glad to assist you. Are you looking for a professional who manages money using the same methodology which my services are based upon? If so, please see who I personally recommend here