The markets rallied on Friday as non-farm payrolls improved but not enough to prod the Fed to scale-back its quantitative easing (QE) program in the near future. However, you can see from the chart that volume was well below the recent average, indicating strong reservations that the rally could be sustained. The markets are likely to continue to fret over the possibility of an end to QE until the moment it happens, in case look out below. For this reason, I think the recent high on June 7 is the high water mark for the medium term, perhaps for the year.



Our market trend s still point down but quality stocks can still make healthy gains as this week's breakouts show. Of the 6 stocks earning more than 5% after breakout, 5 of t hem had RS ranks of over 92 - our recommended minimum for opening a long position.

Date	Symbol	Base	BoP	Friday Close	RS Rank	Gain	Intraday High
6/4/2013	DANG	CwH	6.62	94	7.34	10.88%	10.88%
6/3/2013	MNKD	HTF	6.85	99	7.46	8.91%	12.12%
6/6/2013	TTS	CwH	26.46	96	28.78	8.77%	8.77%
6/3/2013	SCOR	CwH	20.29	83	21.86	7.74%	7.74%
6/6/2013	TECUA	CwH	9.42	95	10.07	6.90%	9.34%

Mobile Version Improvements

Have you thought of accessing BoW on your smartphone device or tablet? Maybe you have tried it and found it difficult to use. If so, then you may want to take another look following some improvements made this week on the suggestion of a subscriber who accesses BoW on his Android device.

If you access http://www.breakoutwatch.com/mobile on your mobile device, you will be redirected to our mobile menu page.


Tapping any of the menu choices will bring up the next menu level. Eventually you will get to a watchlist:

This feature will return next week with a new turn signals tool.