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A Rally Has Started Which No One Believes In

Dow closed up yesterday +235.

Dow futures now up +43.

As I said on Tuesday morning – “We may get a rally from here within the next few days…”

Still, we have to see what the heck to do with it?

There are no, none, nada, fundamentally sound, high-ranked stocks setting up in bullish bases looking poised to break out. Those have been my traditional set ups for many years and have done very, very well.

This tells me to be patient.

That may be the most profitable advice I can give you at this juncture.

Also, this nascent rally has given us the opportunity to cover ALL of our open SHORTS as we closed out HASI yesterday.

Soon after the open I issued a “COVER: TradeTicket Alert” to close that position.

Our JCOM is our only remaining LONG as it made more gains yesterday and it continues in an uptrend.

Our former PAYC continued its move higher from found support of the 200-day moving average.

As I said last week – “…the stock will probably find support at its 200 DMA, which is -4% below here, then trade higher.”

As I mentioned above, I didn’t see anything worth adding to my Personal Portfolio watch list here. However, I did add ELS to the watch list at BuyingBreakOuts.com.

I will continue to search for any LONGS, or build a SHORTS watch list a wait to see if this rally stalls and falls.

Again, let’s be patient, root for JCOM, watch FN, and see what the market gives us.

NOTE: The above is an excerpt from my Daily Stock WatchList & Portfolio Update. This morning report includes my watch list for the day along with complete BUY, SELL, SHORT or COVER commentary on my current holdings. Make sure you do not miss any of these new reports, please take a moment and get signed up here.

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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 of your questions or concerns, as he would be glad to assist you.