Weekly Newsletter 05/30/08
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Market Summary Weekly Breakout Report Top Breakout Choices Top 2nd Chances New Features Tip of the Week
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 Weekly Commentary  

Market Summary

NASDAQ Continues Rally

Last week we expected the NASDAQ to again test support at its lower channel but instead it delivered four successive accumulation days and closed above its 200 day moving average. Although volume increased each day, it was anemic until Friday when it rose above the 50 day moving average. Friday's surge was a result of beaten-down PC manufacturer DELL beating the street's earnings expectations but followed a week of developing strength in the technology sector. For example, Google gained 8.3% for the week while the index as a whole added 3.19% easily outpacing the DJI and S&P 500.

NASDAQ

The smaller cap stocks did well also with the Russell 2000 gaining 3.33%.

When the NASDAQ last broke through the 200 dma level two weeks ago it met with strong resistance. As it breaks through again, we will be interested to see if it can sustain uits progress. If not, there is a potential for a bearish head and shoulders top to form.

The number of breakouts jumped to 27 this week with only two failing to deliver a gain by week's end, and then by less than 1% from their breakout price.
B'out
Date		 Symbol Base B'Out
Price		 Last
Close		 Current %
off BOP		 *Gain at
Intraday High		 Expected
Gain %
05/30/08 ENER HTF 58.69 61.46 4.72% 9.98% N/A
05/30/08 CLR HTF 63.69 64.17 0.75% 2.86% N/A
05/30/08 TWLL CwH 13.00 13.02 0.15% 2.31% 74
05/30/08 SEAC CwH 7.75 7.86 1.42% 5.94% 94
05/30/08 PTC CwH 8.90 9.4 5.62% 5.73% 60
05/30/08 OCNF CwH 26.45 26.52 0.26% 0.87% 53
05/30/08 NTCT CwH 12.49 12.71 1.76% 3.36% 73
05/30/08 HRS CwH 65.36 65.78 0.64% 2.07% 37
05/30/08 GDP CwH 39.50 42.6 7.85% 9.14% 45
05/30/08 ESL CwH 59.27 61.93 4.49% 5.79% 45
05/30/08 AVAV CwH 25.70 26.23 2.06% 4.63% 43
05/30/08 ACM CwH 32.13 32.21 0.25% 1.28% 40
05/30/08 ACFN CwH 6.40 6.47 1.09% 1.56% 110
05/29/08 SOHU HTF 85.93 87.16 1.43% 2.54% N/A
05/29/08 SDXC CwH 16.91 17.62 4.20% 5.68% 58
05/29/08 PMACA CwH 10.00 9.98 -0.20% 2.3% 63
05/29/08 KHD CwH 34.55 35.1 1.59% 3.42% 41
05/29/08 GMCR CwH 41.68 43.16 3.55% 4.85% 55
05/29/08 DR CwH 28.39 28.44 0.18% 1.66% 32
05/29/08 AAP CwH 40.24 40.3 0.15% 2.56% 38
05/28/08 WH HTF 8.43 8.37 -0.71% 0.59% N/A
05/28/08 NR CwH 7.00 7.05 0.71% 11% 83
05/28/08 NETL CwH 36.07 37.48 3.91% 5.16% 49
05/28/08 MR CwH 40.32 41.9 3.92% 3.92% 49
05/28/08 FLDR CwH 6.94 7.19 3.60% 7.06% 93
05/28/08 EBS CwH 10.05 10.75 6.97% 6.97% 87
05/28/08 DCI CwH 47.57 51.48 8.22% 10.01% 48
05/27/08 TRLG CwH 24.76 25.25 1.98% 4.6% 50
05/27/08 STMP CwH 14.38 14.6 1.53% 4.31% 45
05/27/08 NGAS CwH 8.96 9.1 1.56% 4.35% 73
05/27/08 FUQI CwH 9.80 11.28 15.10% 17.35% 86

 New Features this Week Additional Value that we added this week

No New Features this Week

 

 
This Week's Top Tip Tips for getting the most out of our site

No Tip This Week

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 Market Summary Overview of market direction and industry rotation
Index Value Change Week Change YTD Market1
Signal
Dow 12638.3 1.27% -4.72% enter
NASDAQ 2522.66 3.19% -4.89% enter
S&P 500 1400.38 1.78% -4.63% enter
Russell 2000 748.21 3.33% -2.33% N/A
 Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
Russell 2000
3.33 %		 NASDAQ Composite
9.04 %		 Russell 2000
-2.55 %		 Russell 2000
-2.33 %
 Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Major Integrated Oil & Gas Major Integrated Oil & Gas Agricultural Chemicals Agricultural Chemicals
 Most Improved Industry (by change in technical rank2)
Aluminum
+ 54		 Aluminum
+ 99		 Long Distance Carriers
+ 213		 Long Distance Carriers
+ 210
Charts of each industry rank and performance over 12 months are available on the site

1The Market Signal is derived from our proprietary market model. The market model is described on the site.
2The site also shows industry rankings based on fundamentals, combined technical and fundamentals, and on price alone (similar to IBD). The site also shows daily industry movements.
 Weekly Breakout Report How confirmed breakouts performed this week
# of Breakouts
Period Average1
Max. Gain During Period2
Gain at Period Close3
This Week 27 21.31 5.11% 3.06%
Last Week 12 22.38 9.81% 4.76%
13 Weeks 290 23.69 18.35%
 6.85%
Sector
Industry
Breakout Count for Week
AEROSPACE/DEFENSE
Aerospace/Defense Products & Services
2
INSURANCE
Property & Casualty Insurance
2
COMPUTER HARDWARE
Computer Peripherals
1
COMPUTER SOFTWARE & SERVICES
Business Software & Services
1
CONSUMER DURABLES
Recreational Goods, Other
1
CONSUMER DURABLES
Business Equipment
1
CONSUMER NON-DURABLES
Textile - Apparel Clothing
1
DIVERSIFIED SERVICES
Technical Services
1
DRUGS
Biotechnology
1
ELECTRONICS
Semiconductor Equipment & Materials
1
ELECTRONICS
Semiconductor - Memory Chips
1
ENERGY
Oil & Gas Drilling & Exploration
1
ENERGY
Independent Oil & Gas
1
ENERGY
Oil & Gas Equipment & Services
1
FOOD & BEVERAGE
Processed & Packaged Goods
1
HEALTH SERVICES
Medical Instruments & Supplies
1
MANUFACTURING
Pollution & Treatment Controls
1
MANUFACTURING
Diversified Machinery
1
RETAIL
Auto Parts Stores
1
RETAIL
Catalog & Mail Order Houses
1
TELECOMMUNICATIONS
Processing Systems & Products
1
TELECOMMUNICATIONS
Communication Equipment
1
TELECOMMUNICATIONS
Diversified Communication Services
1
TRANSPORTATION
Shipping
1
WHOLESALE
Industrial Equipment Wholesale
1
1The average number of breakouts in each week over the previous 13 weeks.
2This represents the return if each stock were bought at its breakout price and sold at its intraday high.
3This represents the return if each stock were bought at its breakout price and sold at the most recent close.
 Top Breakout Choices Stocks on our Cup-and-Handle list with best expected gain if they breakout
Category
Symbol
Company Name
Expected Gain1
Best Overall CHP C&D Technologies Inc 113
Top Technical MXB MSCI INC 52
Top Fundamental EGLE Eagle Bulk Shipping Inc 61
Top Tech. & Fund. EGLE Eagle Bulk Shipping Inc 61
1This is the gain predicted by our Expected Gain model if the stock breaks out. Expected Gains for all cup-and-handle stocks are published on our site.
 Top Second Chances Stocks that broke out this week and are still in buyable range
Category
Symbol
Company Name
Expected Gain1
Best Overall ACFN ACORN ENERGY INC 110
Top Technical TRLG True Religion Apparel Inc 50
Top Fundamental SEAC Seachange Internat Inc 94
Top Tech. & Fund. DR Darwin Professional Underwriters Inc 32
1This is the gain predicted by our Expected Gain model after the stock has broken out which uses the volume on breakout as a predictive term. Because the model variance is +/- 38% the expectation can be negative.
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