| Market Summary | Weekly Breakout Report | Top Breakout Choices | Top 2nd Chances | New Features | Tip of the Week |
Last week we anticipated a higher close on Monday and that our trend indicator for the NASADQ would turn positive. In fact, our trend indicator was right and we were wrong to anticipate a change as the NASDAQ, and the other major indexes also, closed down for the week. Our equivolume chart shows that each day's trading produced moderately large intraday spreads but that each day's close was close to unchanged. The markets are searching for direction and it looked as though they might have found it on Friday after "Several Federal Reserve officials made clear this week that Chairman Ben Bernanke commands broad support for the Fed's plan to continue stimulating the economy if hiring doesn't pick up (US News) " , but again the index closed almost unchanged.
Although many commentators are still bullish we recommend caution until our trend indicator changes. Note that there were far viewer breakouts this week and their gains were modest, although positive on average.
Last week we announced a 33% reduction in our subscription rates but omitted to publish them in the newsletter, so here they are. The Subscription page is at http://www.breakoutwatch.com/subscription.php?main=true
No tip this week.
| Index | Value | Change Week | Change YTD | Trend | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dow | 13579.5 | -0.1% | 11.15% | Up | ||||||||||||||||||||||||||||||||||||
| NASDAQ | 3179.96 | -0.13% | 22.06% | Down | ||||||||||||||||||||||||||||||||||||
| S&P 500 | 1460.15 | -0.38% | 16.11% | 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 | 26 | 19.62 | 2.79% | 1.54% |
| Last Week | 52 | 18.85 | 5.86% | 2.7% |
| 13 Weeks | 275 | 20.85 | 12.32% |
7.91% |
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 | ENTR | Entropic Communications, Inc. | 128 |
| Top Technical | ENTR | Entropic Communications, Inc. | 128 |
| Top Fundamental | LULU | Lululemon Athletica inc. | 47 |
| Top Tech. & Fund. | TUMI | Tumi Holdings Inc | 75 |
Category |
Symbol |
Company Name |
Expected Gain1 |
|---|---|---|---|
| Best Overall | SKH | Skilled Healthcare Group, Inc. | 108 |
| Top Technical | TPLM | Triangle Petroleum Corporation | 100 |
| Top Fundamental | Z | Zillow Inc | 60 |
| Top Tech. & Fund. | Z | Zillow Inc | 60 |
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