Weekly Newsletter 12/13/13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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breakout events of the week and provides additional guidance that
does not fit into our daily format. It is published each weekend.
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Prior editions of this newsletter with our valuable Tips of the Week are available here. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Weekly Commentary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The NASDAQ Composite has formed a double top. This may just be a sign of consolidation but watch for a head and shoulders top (HST) forming in the next few days. if it does, that would be bearish, particularly if the HST is confirmed when the price drops through the neck line. Meanwhile, all our market trend remain upward although two distribution days for the NASDAQ, a drop in daily volume and just 4 breakouts for the week, suggest that caution in chasing new alerts is advisable. My family is arriving from Australia for the holidays so this will be the last newsletter for 2013. I wish you all a safe and happy holiday and will see you in the New Year. |
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New Features this Week | Additional Value that we added this week | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No new features this week. |
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This Week's Top Tip | Tips for getting the most out of our site | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
No tip this week although work is continuing at a somewhat slower pace on devising a strategy built on our new squeeze indicator. |
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Market Summary | Overview of market direction and industry rotation | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Weekly Breakout Report | How confirmed breakouts performed this week | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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. |
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Top Breakout Choices | Stocks on our Cup-and-Handle list with best expected gain if they breakout | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Top Second Chances | Stocks that broke out this week and are still in buyable range | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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