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summarizes the breakout events of the week and provides additional guidance
that does not fit into our daily format. It is published each weekend.
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Weekly Commentary |
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It was a grim week with the best performing index, the S&P 500,
losing 4.7%. Things are getting worse in Europe with even Germany under
pressure after a bond auction failed to generate enough buyers. The
downturn is therefore likely to continue and we expect the NASDAQ to
test support at 2300.
To brighten the mood, I enjoyed this QOTD on the Big Picture: "I wish
there was a knob on the TV to turn up the intelligence. There's a knob
called 'brightness,' but it doesn't work." -Gallagher
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And remember, the market may be going down
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Best wishes for a safe and happy Thanksgiving - Mike & Jo Gibbons
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New Features this Week |
Additional Value that we added this week |
No new features this week.
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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 |
Trend |
Dow |
11231.8 |
-4.78% |
-2.99% |
Down |
NASDAQ |
2441.51 |
-5.09% |
-7.97% |
Up |
S&P 500 |
1158.67 |
-4.69% |
-7.87% |
Down |
Russell 2000 |
666.16 |
-7.4% |
-14.99% |
Up |
Best Performing Index |
1 Week |
13 Weeks |
26 Weeks |
Year-to-Date |
S&P 500 -4.69 % |
Dow Jones -0.47 % |
Dow Jones -9.72 % |
Dow Jones -2.99 % |
Best
Performing Industry (by average technical score over each period) |
1 Week |
3 Weeks |
13 Weeks |
26 Weeks |
Specialty Eateries |
Specialty Eateries |
Personal Computers |
Personal Computers |
Most
Improved Industry (by change in technical rank2) |
Confectioners + 27 |
Tobacco Products - Other + 77 |
Toy & Hobby Stores + 206 |
Toy & Hobby Stores + 183 |
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.
The site also shows daily industry movements.
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Weekly Breakout Report |
How confirmed breakouts performed this
week |
# of Breakouts |
Period Average1 |
Max. Gain During Period2 |
Gain at Period Close3 |
This Week |
8 |
18.23 |
1.47% |
-0.65% |
Last Week |
14 |
18 |
5.26% |
-4.71% |
13 Weeks |
243 |
18.85 |
8.59% |
-6.25% |
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 |
FSM |
Fortuna Silver Mines Inc Ordinary Shares (Canada)& |
120 |
Top Technical |
SWTX |
Southwall Technologies, Inc. |
66 |
Top Fundamental |
MELI |
MercadoLibre, Inc. |
44 |
Top Tech. & Fund. |
MELI |
MercadoLibre, Inc. |
44 |
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 |
MFM |
MFS Municipal Income Trust |
70 |
Top Technical |
MUE |
Blackrock Muniholdings Insured Fund II |
43 |
Top Fundamental |
HAIN |
The Hain Celestial Group, Inc. |
47 |
Top Tech. & Fund. |
HAIN |
The Hain Celestial Group, Inc. |
47 |
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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