James Taulman Blog | Futures Flat – This Well-Know Railroad Operator Added to Our WatchList

James Taulman

CANSLIM.net - Former Editor-in-Chief

Member's Links: The Sunday Stock Report James F. Taulman Buying BreakOuts James Taulman's Personal Portfolio

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 of your 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 Also Get My Free BreakOut Alerts -> http://buyingbreakouts.com/get-our-free-breakout-alerts/less

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Futures Flat – This Well-Know Railroad Operator Added to Our WatchList

Date: Friday, October 5, 2018 9:19 AM EST

8:15 AM – MORNING MARKET UPDATE & WATCH LIST

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

After a sharp down day yesterday where we’d seen the Nasdaq loose nearly -2%, this morning U.S. stock futures are steady.

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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

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I ran my routine stock screens early this morning and added 4 new stocks to our watch list.

I removed CLR and IDXX from the watch list as the former broke out last week, yet the volume did not confirm a BUY signal. The later, has now fallen too far below the TRIGGER PRICE.

We now have 15 stocks which we will be watching for the next buyable breakout – see here.

One stock in particular is CSX which was just added this morning. This well-know railroad operator has shaped a tight flat base that is only 5% deep.

Read more on CSX from IBD here.

Chart courtesy of stockcharts.com.

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.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.