Weekly Newsletter 06/20/14
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Market Summary Weekly Breakout Report Top Breakout Choices Top 2nd Chances New Features Tip of the Week
Prior editions of this newsletter with our valuable Tips of the Week are available here.
 Weekly Commentary  

The NASDAQ Composite is testing resistance at 4271. It briefly surpassed that level but closed lower on Thursday. Friday's trading did not test resistance so we may see a brief consolidation before another breakthrough attempt is made. The Big Picture identified several reasons for the gains, despite the rise in oil prices and the Iraq situation:
  • Homebuilder sentiment climbed from 45 to 49 vs 47 expected.
  • Philly Fed came in higher than expected for the 4th straight month.
  • Fed continues to taper $10B a month, market likes, S&P 500 closes at all-time highs.
  • Empire manufacturing index came in at its highest level since 2010
  • Industrial production grew by 0.6% m/o/m, better than expected, April #’s were revised up.
  • Initial jobless claims 4-week moving average moved down to 312k, continuing claims hit the lowest levels

NASDAQ Comp.
 Weekly Breakout Report  

The number of breakouts jumped to 56 this week from just 18 last week. As you can see from the table below, some of the gains were spectacular, with SHPG gaining almost 23% after breakout.
Breakouts for Week Beginning 06/16/14
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close Last Close Current % off BOP Gain at Intraday High
06/16/14 SHPG CwH N 181.41 191.11 222.89 22.87 26.48
06/20/14 FLML CwH N 13.06 15.17 15.17 16.16 20.6
06/17/14 GEVA SQZ Y 88.17 89.87 101.39 14.99 15.83
06/20/14 GNCA SQZ Y 20.98 22.7 22.7 8.20 13.92
06/18/14 PRCP SQZ Y 12.14 13.24 13.02 7.25 10.79
06/19/14 CNL SQZ Y 53.23 55.98 57.6 8.21 10.11
06/18/14 ENTA SQZ Y 42.32 44.24 46.12 8.98 9.74
06/17/14 PPP CwH N 7.15 7.20 7.68 7.41 8.67
06/17/14 SGMA SQZ Y 11.32 11.79 12.18 7.60 7.69
06/17/14 HZNP CwH N 15.42 15.83 16.23 5.25 7
06/20/14 RNA HTF N 11.78 12.46 12.46 5.77 6.96
06/20/14 CRME SQZ Y 7.80 8 8.07 3.46 6.92
06/19/14 INVE HTF N 9.54 9.61 10.01 4.93 6.29
06/20/14 ALKS CwH Y 48.84 50.88 50.88 4.18 6.01
06/20/14 KS CwH N 31.53 33.21 33.21 5.33 5.84
06/17/14 RSPP SQZ Y 30.30 31.23 32.04 5.74 5.74
06/19/14 CVCO SQZ Y 77.89 78.75 81.79 5.01 5.35
06/17/14 SUNE SQZ Y 21.61 22.15 22.38 3.56 4.95
06/20/14 SLXP SQZ Y 118.61 124.02 124.02 4.56 4.88
06/19/14 CVTI CwH N 12.03 12.32 12.59 4.66 4.74
06/17/14 OZRK CwH N 64.40 65.02 66.85 3.80 4.61
06/19/14 CWEI SQZ Y 134.83 136 136.66 1.36 4.49
06/19/14 SCS SQZ Y 17.10 17.47 17.7 3.51 4.44
06/19/14 GIL SQZ Y 55.96 57.41 57.95 3.56 4.27
06/17/14 HALL CwH N 10.45 10.51 10.87 4.02 4.11
06/16/14 BURL SQZ Y 30.49 30.51 31.6 3.64 4.1
06/17/14 MTSI CwH N 22.38 23.02 22.68 1.34 3.62
06/17/14 GMCR SQZ Y 121.72 125.49 121.82 0.08 3.59
06/16/14 ARAY SQZ Y 9.22 9.32 9.4 1.95 3.36
06/17/14 ATML CwH N 9.33 9.63 9.45 1.29 3.22
06/20/14 YPF CwH N 33.41 33.76 33.76 1.05 3.17
06/17/14 TSLA SQZ Y 224.71 231.67 229.59 2.17 3.1
06/20/14 PJC CwH N 48.67 50.04 50.04 2.81 3
06/20/14 LCI CwH N 48.61 49.76 49.76 2.37 2.86
06/20/14 FARM SQZ Y 20.79 21.27 21.27 2.31 2.85
06/16/14 SNAK SQZ Y 12.87 13.21 12.28 -4.58 2.64
06/18/14 TEVA CwH N 52.16 53.02 52.97 1.55 2.55
06/18/14 TEF CwH N 16.99 17.33 17.4 2.41 2.47
06/18/14 NOK CwH N 8.13 8.33 7.75 -4.67 2.46
06/17/14 FENG SQZ Y 10.84 10.95 10.9 0.55 2.4
06/20/14 AKRX CwH N 29.28 29.77 29.77 1.67 2.22
06/19/14 MTX SQZ Y 64.07 64.95 65.41 2.09 2.14
06/18/14 MHG CwH N 13.12 13.37 13.09 -0.23 1.91
06/19/14 STZ SQZ Y 86.06 86.53 87.48 1.65 1.84
06/20/14 IRDM CwH N 8.27 8.37 8.37 1.21 1.57
06/18/14 KEG SQZ Y 8.90 8.91 8.92 0.22 1.18
06/20/14 PSX SQZ Y 85.36 85.94 85.94 0.68 1.08
06/20/14 CONE SQZ Y 24.10 24.1 24.1 0.00 1.04
06/18/14 RSE HSB Y 17.37 17.38 17.46 0.52 0.86
06/17/14 DBD SQZ Y 38.97 39.13 39.13 0.41 0.77
06/19/14 CHMI SQZ Y 19.79 19.83 19.89 0.51 0.66
06/20/14 HF CwH N 34.94 35.11 35.11 0.49 0.52
06/20/14 DRH CwH N 12.83 12.89 12.89 0.47 0.47
06/19/14 MDU SQZ Y 34.16 34.2 33.67 -1.43 0.41
06/20/14 SHLM CwH N 37.30 37.37 37.37 0.19 0.35
06/20/14 EEFT CwH N 49.21 49.23 49.23 0.04 0.22
Weekly Average (56 breakouts) 3.45 4.88
 
 New Features this Week Additional Value that we added this week

Following the success of the squeeze indicator, I've developed a more comprehensive report that lists all optionable stocks that are in a squeeze, no matter what pattern they are in. This report is "responsive" meaning that it adapts to the viewport of the device on which it is being displayed. Try it on your mobile device(s).

This is a beta test version that will undergo further enhancement in the future.
This Week's Top Tip Tips for getting the most out of our site

Trading In-The-Money Options from the Cup and Handle Pattern

The video from this webinar is now available at https://www.youtube.com/watch?v=fcanN7bSIvE

The slides are available  in the Support Forum.

If you have questions, please post them to the support forum.

 
 Market Summary Overview of market direction and industry rotation
Index Value Change Week Change YTD Trend
Dow 16947.1 1.02% 2.23% Up
NASDAQ 4368.04 1.33% 4.58% Up
S&P 500 1962.87 1.38% 6.2% Up
 Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
S&P 500
1.38 %		 S&P 500
5.16 %		 S&P 500
7.95 %		 S&P 500
6.2 %
 Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Toy & Hobby Stores Toy & Hobby Stores Toy & Hobby Stores Toy & Hobby Stores
 Most Improved Industry (by change in technical rank2)
Silver
+ 65		 Silver
+ 99		 Publishing - Newspapers
+ 206		 Foreign Utilities
+ 208
Charts of each industry rank and performance over 12 months are available on the site

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.
 Top Breakout Choices Stocks on our Cup-and-Handle list with best expected gain if they breakout
Category
Symbol
Company Name
Expected Gain1
Best Overall PZE Petrobras Argentina S.A. 109
Top Technical PZE Petrobras Argentina S.A. 109
Top Fundamental EPAM EPAM Systems, Inc. 44
Top Tech. & Fund. EPAM EPAM Systems, Inc. 44
1This is the gain predicted by our Expected Gain model if the stock breaks out. Expected Gains for all cup-and-handle stocks are published on our site.
 Top Second Chances Stocks that broke out this week and are still in buyable range
Category
Symbol
Company Name
Expected Gain1
Best Overall IRDM Iridium Communications Inc 92
Top Technical LCI Lannett Co Inc 54
Top Fundamental HF HFF, Inc. 51
Top Tech. & Fund. HF HFF, Inc. 51
1This is the gain predicted by our Expected Gain model after the stock has broken out which uses the volume on breakout as a predictive term. Because the model variance is +/- 38% the expectation can be negative.
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