Breakoutwatch Weekly Summary 01/07/17

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Contents
New Features this Week Strategy Suggestions Breakouts Summary Breakouts Detail	Top Cup and Handle Chart Pattern Stocks Breakouts Index Major Indexes Performance	Best Performing Index Best Performing Industry Most Improved Industry

Weekly Commentary
The NASDAQ Composite broke out of its recent trading range on Friday to a new high and for the week significantly outperformed the other major indexes with a gain of 2.6%. Trading volume on each day of the new year was above average but the number of breakouts was limited to just six. Each of these came from a squeeze situation resulting from the narrow trading range over the last two weeks. Three were from true Volatility Squeeze patterns and three from Cup and Handle patterns with a squeeze in the handle. GIFI broke above its handle pivot on Thursday and continued to gain on Friday. Note that the gain was insufficient to relieve the squeeze position but because momentum trend turned down slightly, so GIGI did not qualify for our Volatility Squeeze list. SHOP has been in three Volatility Squeeze situations in the last three months (indicated by the black dots on the center line in the lower chart) and finally broke out on massive volume on Thursday.

New Features this Week
No new features this week.

Strategy Suggestions
For more information on breakouts from a cup and handle squeeze, see our 04/11/15 Newsletter. For insight into how we recognize squeeze situations for our Volatility Squeeze watchlist read this.

Breakouts Summary by Watchlist for Week Beginning 01/02/17
List	Breakouts	Avg. Gain
CWH	3	1.84
SQZ	3	5.92
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 01/02/17
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2017-01-05	SHOP	SQZ	y	44.15	48	81	46.9	6.23%	8.58%
2017-01-06	MIXT	SQZ	y	6.38	7	83	6.77	6.11%	7.99%
2017-01-05	CYBE	SQZ	y	27.46	30	98	28.95	5.43%	12.89%
2017-01-04	GIFI	CWH	y	12.85	13	92	13.25	3.11%	5.29%
2017-01-05	CACQ	CWH	y	13.53	14	95	13.8	2%	3.47%
2017-01-05	EGAS	CWH	y	12.65	13	96	12.7	0.4%	0.79%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday January 06, 2017
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
RYI	16.85	425,613	Ryerson Holding Corporation	Metal Fabrication	97	13.80
MSB	11.65	58,126	Mesabi Trust	Diversified Investments	96	11.30
SPAR	9.80	194,816	Spartan Motors - Inc.	Trucks & Other Vehicles	95	9.15
JOY	28.17	1,679,457	Joy Global Inc.	Farm & Construction Machinery	94	28.09
EPE	7.49	3,919,422	EP Energy Corporation	Independent Oil & Gas	94	6.77
RIG	16.66	22,337,256	Transocean Ltd.	Oil & Gas Drilling & Exploration	93	15.77
MPG	23.15	701,150	Metaldyne Performance Group Inc.	Auto Parts	92	22.60
TPC	29.70	1,118,151	Tutor Perini Corporation	Heavy Construction	92	27.75
ISIL	22.38	2,111,592	Intersil Corporation	Semiconductor - Broad Line	92	22.36
UVE	29.20	502,416	UNIVERSAL INSURANCE HOLDINGS INC	Property & Casualty Insurance	92	27.75
These stocks meet our suggested screening factors for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts

Major Index Summary
Index	Value	Change Week	Change YTD	Trend¹
Dow	19963.8	1.02%	1.02%	Up
NASDAQ	5521.06	2.56%	2.56%	Up
S&P 500	2276.98	1.7%	1.7%	Up
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.

Best Performing Index
1 Week	13 Weeks	26 Weeks	Year-to-Date
NASDAQ Composite	Dow Jones 4.32 %	NASDAQ Composite 11.38 %	NASDAQ Composite 2.56 %

Best Performing Industry (by average technical score over each period)
1 Week	3 Weeks	13 Weeks	26 Weeks
Basic Materials Wholesale	Manufactured Housing	Manufactured Housing	Manufactured Housing

Most Improved Industry (by change in technical rank²)
Electronic Equipment 48	Tobacco Products - Other 58	Long Distance Carriers 194	Manufactured Housing 212
Charts of each industry rank and performance over 12 months are available on the site

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