You are receiving this email because you are or were a BreakoutWatch.com subscriber, or have subscribed to our weekly newsletter. This newsletter summarizes the breakout events of the week and provides additional guidance that does not fit into our daily format. It is published each weekend.
The recent strong rise in the markets
appears to be leveling off as the NASDAQ Chart shows. Some
consolidation is to be expected and we will likely see an increase
in the number of cup and handle chart patterns as handles form and
also Volatility Squeeze patterns as volatility falls.
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Our latest strategy
suggestions are here.
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| Strong markets delivering new highs for the three major indexes (on Thursday) produced 29 breakouts this week. The Volatility Squeeze chart pattern produced the best returns as stocks that had been marking time responded to the strong upward trend. The table below shows exceptionally strong gains were available. | ||
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 16 | 3.69 |
| SQZ | 13 | 5.39 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 0 | |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2016-08-10 | AOSL | SQZ | y | 14.87 | 15 | 92 | 19.63 | 32.01% | 32.01% |
| 2016-08-09 | CC | CWH | y | 9.78 | 10 | 85 | 11.45 | 17.08% | 23.82% |
| 2016-08-10 | XONE | CWH | n | 11.70 | 13 | 82 | 13.47 | 15.13% | 19.66% |
| 2016-08-09 | DTSI | SQZ | y | 29.13 | 33 | 81 | 32.6 | 11.91% | 17.71% |
| 2016-08-09 | CECE | CWH | y | 9.49 | 10 | 84 | 10.33 | 8.85% | 10.01% |
| 2016-08-09 | ECA | SQZ | y | 8.73 | 9 | 93 | 9.39 | 7.56% | 9.28% |
| 2016-08-11 | VRTV | SQZ | y | 45.00 | 48 | 84 | 48.34 | 7.42% | 9.76% |
| 2016-08-11 | BZUN | CWH | n | 8.79 | 9 | 91 | 9.43 | 7.28% | 9.67% |
| 2016-08-09 | CDZI | CWH | y | 7.38 | 7 | 88 | 7.8 | 5.69% | 8.4% |
| 2016-08-10 | CDZI | SQZ | y | 7.40 | 8 | 91 | 7.8 | 5.41% | 8.11% |
| 2016-08-10 | CECE | SQZ | y | 9.82 | 10 | 89 | 10.33 | 5.19% | 5.5% |
| 2016-08-09 | SN | SQZ | y | 7.75 | 8 | 91 | 8.13 | 4.9% | 6.71% |
| 2016-08-11 | CCLP | CWH | y | 9.09 | 9 | 81 | 9.5 | 4.51% | 4.51% |
| 2016-08-11 | YNDX | SQZ | y | 22.37 | 23 | 92 | 23.21 | 3.76% | 5.23% |
| 2016-08-11 | OEC | CWH | n | 17.40 | 18 | 80 | 18.01 | 3.51% | 4.66% |
| 2016-08-11 | MDVN | SQZ | y | 64.00 | 66 | 92 | 66.02 | 3.16% | 3.42% |
| 2016-08-08 | CIA | CWH | n | 9.27 | 10 | 85 | 9.55 | 3.02% | 7.01% |
| 2016-08-10 | ORN | CWH | n | 6.26 | 6 | 88 | 6.44 | 2.88% | 3.99% |
| 2016-08-08 | DTLK | CWH | n | 9.69 | 10 | 87 | 9.96 | 2.79% | 4.85% |
| 2016-08-12 | CCLP | SQZ | y | 9.26 | 10 | 85 | 9.5 | 2.59% | 2.59% |
| 2016-08-12 | ATEN | CWH | n | 8.00 | 8 | 80 | 8.19 | 2.37% | 2.37% |
| 2016-08-09 | AMPH | CWH | n | 17.80 | 18 | 87 | 18.1 | 1.69% | 5.56% |
| 2016-08-09 | DTLK | CWH | n | 9.82 | 10 | 87 | 9.96 | 1.43% | 3.46% |
| 2016-08-10 | BGFV | CWH | n | 12.95 | 13 | 81 | 13.05 | 0.77% | 2.32% |
| 2016-08-08 | PCTY | SQZ | y | 47.26 | 47 | 88 | 45.54 | -3.64% | 5.06% |
| 2016-08-08 | MB | SQZ | y | 18.26 | 19 | 92 | 17.45 | -4.44% | 5.81% |
| 2016-08-08 | ITCI | SQZ | y | 42.73 | 43 | 88 | 40.29 | -5.71% | 3.02% |
| 2016-08-08 | DQ | CWH | n | 25.45 | 26 | 87 | 23.4 | -8.06% | 8.45% |
| 2016-08-08 | TCX | CWH | n | 30.49 | 32 | 83 | 27.47 | -9.9% | 5.05% |
| *RS Rank on day before breakout. | |||||||||
| This chart allows you to see how the frequency of this week's breakouts compare to the last year. Note that the trend has been upwards for the last 4-5 weeks. |
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| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| COT | 17.09 | 1,506,520 | Cott Corporation | Beverages - Soft Drinks | 94 | 16.91 |
| TTMI | 10.70 | 1,214,040 | TTM Technologies - Inc. | Printed Circuit Boards | 94 | 10.25 |
| OFG | 11.25 | 679,227 | OFG Bancorp | Money Center Banks | 92 | 10.60 |
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. As of Friday,
there were just three meeting the tests. See Revised Rules for Trading Cup and Handle Breakouts |
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| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 18576.5 |
0.18% | 6.61% | Up |
| NASDAQ | 5232.9 |
0.23% | 4.5% | Up |
| S&P 500 | 2184.05 |
0.05% | 6.85% | Up |
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1The Market Trend is derived from our
proprietary market model. The market model is described on the
sitehere.
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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| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite 0.23 % |
NASDAQ Composite 10.92 % |
NASDAQ Composite 20.64 % |
S&P 500 6.85 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Silver | Silver | Silver | Silver |
| Manufactured Housing + 212 |
Basic Materials Wholesale + 116 |
Manufactured Housing + 212 |
Manufactured Housing + 212 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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