| Market Summary | Weekly Breakout Report | Top Breakout Choices | Top 2nd Chances | New Features | Tip of the Week |
The government shutdown has done little to slow the NASDAQ Composite which continues to hold up well with a gain for the week of 0.7%, easily outperforming the other major indexes. The S&P 500 slipped only slightly and our trend indicators for the NASDAQ and S&P 500 remain positive. Not so for the DJI where our trend indicator turned down on Monday.
CCIH (ChinaCache International Holdings (ADR)
The
number of breakouts rose to 23 with CCIH being the outstanding
performer with a 33.7% gain after breaking out from a text book cup
with handle formation on Wednesday. Note how the stock declined
after setting the left cup in early August and then bumped along on
lower than average volume. The stock started its rise on September
25 following an article on the Motley Fool web site (
http://www.fool.com/investing/general/2013/10/01/will-chinacache-join-the-china-party.aspx)
that pumped up the stock with the news that their chief technology
officer had invested over $100k in the ADR. If he's still holding
he's seen a 63% gain since Wednesday's open.This stock may well see future strong gains but in the short tern is likely to pull back. If you believe in its long term future, wait for it to fall back to near the $6.20 pivot price.
Not exactly a new feature, but what I believe is a more user friendly version of our "Alerts Issued Today" page.
The page is now 'tabbed' for breakouts from each watchlist and each tab list the number of breakouts for each list. You need only click on the tabs that show a positive number of breakouts. Click this image for a link to Friday's breakouts using the new format.
A Note about our Data, Charts and the CwH Backtest
In order to save costs and keep our subscription rates low, we maintain our own data based on end of day data published by Yahoo and Google. When a split or dividend is announced we adjust our data historically in relationship to the new closing values. Usually, this is done on the day the split or dividend is paid but sometimes we miss it. To be sure that we always catch what we missed, we always refresh our data for the last five years from the published sources each weekend.
This process keeps our time series data correct, but our historical breakout data is based on the actual prices at the time of the breakout. This means that in the case of a, say, 2 for 1 split, our breakout price will be twice our historically adjusted price.. Normally our backtest code recognizes this and adjusts the breakout price and volume by the split factor.
An alert subscriber who was running the backtest saw that this adjustment hadn't occurred for stock NCT and I've now made the necessary adjustment.
If you find an error in our data, please let me know ASAP and I will gratefully correct it!
| Index | Value | Change Week | Change YTD | Trend | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dow | 15072.6 | -1.22% | 15.02% | Down | ||||||||||||||||||||||||||||||||||||
| NASDAQ | 3807.75 | 0.69% | 26.1% | Up | ||||||||||||||||||||||||||||||||||||
| S&P 500 | 1690.5 | -0.07% | 18.53% | 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 | 23 | 9.54 | 8.37% | 4.58% |
| Last Week | 14 | 8.85 | 14.01% | 10.74% |
| 13 Weeks | 127 | 10.31 | 19.76% |
11.65% |
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 | TAOM | Taomee Holdings Ltd (ADR) | 111 |
| Top Technical | TAOM | Taomee Holdings Ltd (ADR) | 111 |
| Top Fundamental | NOAH | Noah Holdings Limited (ADR) | 77 |
| Top Tech. & Fund. | NOAH | Noah Holdings Limited (ADR) | 77 |
|
Category
|
Symbol
|
Company Name
|
Expected Gain1
|
|---|---|---|---|
| Best Overall | TQNT | TriQuint Semiconductor | 82 |
| Top Technical | YDKN | Yadkin Financial Corp | 57 |
| Top Fundamental | PRXL | PAREXEL International Corporation | 34 |
| Top Tech. & Fund. | PRXL | PAREXEL International Corporation | 34 |
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