• Breaking News

    Monday, December 3, 2018

    Millennials kill industries because they're poor: Fed report Investment Club

    Millennials kill industries because they're poor: Fed report Investment Club


    Millennials kill industries because they're poor: Fed report

    Posted: 02 Dec 2018 01:50 PM PST

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    Market in New Confirmed Uptrend – 4 Stocks on Our Watch List

    Posted: 03 Dec 2018 03:44 AM PST

    Market in New Confirmed Uptrend – 4 Stocks on Our Watch List

    – 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.

    _____________________________________

    4 BreakOuts This Past Week | 4 Stocks on Our WatchList for the Week

    _____________________________________

    It was a very strong week on Wall Street as both the S&P 500 and the Nasdaq logged their best weekly performance since December 2011 while the Dow Jones Industrials posted their strongest week since November 2016.

    We also had a confirmed follow through on Wednesday after Fed Chair Powell announced that interest rates are "just below" neutral. The Fed has appeared to soften its stance on monetary policy. Investors had been concerned the FMOC would raise rates aggressively in 2019. A rise in interest rates is sure killer of any bull market.

    BEIJING, CHINA – NOVEMBER 9: U.S. President Donald Trump and China's President Xi Jinping arrive at a state dinner at the Great Hall of the People on November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia. (Photo by Thomas Peter – Pool/Getty Images)

    The market continued to get further excited on Friday after upbeat comments from a U.S. trade official who suggested that a trade deal looks possible during a meeting between Trump and Xi at the G-20 summit in Argentina.

    This weekend, it was announced that the leaders agreed to a 90-Day tariffs cease-fire. Each stating they would stop the introduction of new tariffs and step up their trade talks.

    The Dow closed with weekly gains of +5.16% while the Nasdaq rose +5.64%, and the S&P 500 jumped +4.85%.

    We had four breakouts from our watch list this past week.

    The market may now officially be in a confirmed uptrend, but let's keep in mind that there is still a good deal of overhead supply – leftover from the recent selloff, and several points of resistance for us to watch.

    We now have a total of 4 stocks which we will be watching for a potential breakout. (see below)

    YOU CAN REQUEST A COMPLIMENTARY COPY OF THIS WEEK'S COMPLETE SUNDAY STOCK REPORT AND WATCH LIST HERE

    submitted by /u/James_Taulman
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