| Market Summary | Weekly Breakout Report | Top Breakout Choices | Top 2nd Chances | New Features | Tip of the Week |
The NASDAQ Composite found support at 3100 but our trend signal for the NASDAQ continues to point down. It was joined this week by the S&P 500. I continue to recommend caution until the trend signal reverses. You can see how the trend signal improves your returns when you use our backtest analytical tools. (Evaluate > Analytical Tools).
A subscriber brought to my
attention that the Zacks watchlist was not up to date. Investigation
showed that changes to the Zack's website had impacted our ability to
reliably pickup the stocks ranked No. 1.
That is hopefully fixed now and I've also updated the backtest database to include the corrections. Try running the backtest for various periods and options and and you will see that this once promising strategy has become less reliable since the market recovery. Note that, as mentioned above, the use of the market signals significantly affecte the returns.
That is hopefully fixed now and I've also updated the backtest database to include the corrections. Try running the backtest for various periods and options and and you will see that this once promising strategy has become less reliable since the market recovery. Note that, as mentioned above, the use of the market signals significantly affecte the returns.
No tip this week.
| Index | Value | Change Week | Change YTD | Trend | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dow | 13437.1 | -1.05% | 9.98% | Up | ||||||||||||||||||||||||||||||||||||
| NASDAQ | 3116.23 | -2% | 19.62% | Down | ||||||||||||||||||||||||||||||||||||
| S&P 500 | 1440.67 | -1.33% | 14.56% | Down | ||||||||||||||||||||||||||||||||||||
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 | 20 | 19.23 | 3.13% | 1.86% |
| Last Week | 29 | 19.54 | 2.73% | -0.72% |
| 13 Weeks | 275 | 21.08 | 11.15% |
5.89% |
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 | ANW | Aegean Marine Petroleum Network Inc. | 109 |
| Top Technical | ANW | Aegean Marine Petroleum Network Inc. | 109 |
| Top Fundamental | LULU | Lululemon Athletica inc. | 44 |
| Top Tech. & Fund. | SCSS | Select Comfort Corp. | 66 |
Category |
Symbol |
Company Name |
Expected Gain1 |
|---|---|---|---|
| Best Overall | CAMP | CalAmp Corp. | 104 |
| Top Technical | IMOS | ChipMOS Technologies (Bermuda) Ltd | 65 |
| Top Fundamental | CAMP | CalAmp Corp. | 104 |
| Top Tech. & Fund. | CAMP | CalAmp Corp. | 104 |
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