James Taulman
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After a Solid Up Day Major Averages Lower

After a solid day yesterday, stock futures are lower this morning.

On Tuesday, the Dow and the S&P 500 continued to trade higher from found support of their respective 50-day moving averages.

The Nasdaq closed the session up +1.3% with a +16% increase in volume, yet ran square into – what is for it – resistance of its 50-day moving average at 4813.

As far as our individual stocks…

The Technical SetUps and BreakOuts have performed rather well as of late.

We had two breakouts so far this week from that watch list.

On Monday – CCI (P/L: +2.2%) and THO (P/L: +1.9%).

Two breakouts last week – WTR (P/L: +1.1%) and FR (P/L: +6.1%)

The week before that, we had RTN (P/L: +2.8%) on 4/27.

This includes every breakout we have had for the past 3 weeks.

Check out the charts.

SEE TODAY’S COMPLETE REPORT HERE