| Market Summary | Weekly Breakout Report | Top Breakout Choices | Top 2nd Chances | New Features | Tip of the Week |
The NASDAQ Composite continued to move sideways in what we call a flat base pattern. Market participants were cautious because of ambiguous messages from the presidents of our own Federal Reserve and the European Central Bank. Both have made statements promising to act, if necessary, without explaining exactly when and how action will occur. With upside and downside risks assessed as approximately equal, this left the bulls and bears in a standoff.
However, as I write this, Bloomberg is reporting
"European Central Bank President Mario Draghi told lawmakers he’d be comfortable buying bonds with maturities of up to about three years, said Jean-Paul Gauzes, a member of the European Parliament."and European stock markets are rising on the expectation that stimulus measures will be announced this week in Europe and China. This raises the likelihood that the NASDAQ will test resistance at 3100 on Tuesday and possibly break out.
No new features this week.
No tip this week.
| Index | Value | Change Week | Change YTD | Trend | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dow | 13090.8 | -0.51% | 7.15% | Down | ||||||||||||||||||||||||||||||||||||
| NASDAQ | 3066.96 | -0.09% | 17.73% | Down | ||||||||||||||||||||||||||||||||||||
| S&P 500 | 1406.58 | -0.32% | 11.85% | Up | ||||||||||||||||||||||||||||||||||||
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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|
# of Breakouts
|
Period Average1
|
Max. Gain During Period2
|
Gain at Period Close3
|
|
|---|---|---|---|---|
| This Week | 10 | 14.46 | 3.26% | 2.64% |
| Last Week | 14 | 14 | 6.04% | 4.35% |
| 13 Weeks | 202 | 15.15 | 13.29% |
7.78% |
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.
|
Category
|
Symbol
|
Company Name
|
Expected Gain1
|
|---|---|---|---|
| Best Overall | SYPR | Sypris Solutions, Inc. | 105 |
| Top Technical | SYPR | Sypris Solutions, Inc. | 105 |
| Top Fundamental | CAP | CAI International Inc | 50 |
| Top Tech. & Fund. | BCEI | Bonanza Creek Energy Inc | 50 |
|
Category
|
Symbol
|
Company Name
|
Expected Gain1
|
|---|---|---|---|
| Best Overall | THLD | Threshold Pharmaceuticals, Inc. | 90 |
| Top Technical | THLD | Threshold Pharmaceuticals, Inc. | 90 |
| Top Fundamental | LUX | Luxottica Group SpA (ADR) | 42 |
| Top Tech. & Fund. | LUX | Luxottica Group SpA (ADR) | 42 |
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