Breakoutwatch Weekly Summary 03/11/17

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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
Doji candlestick patterns on Monday through Thursday showed traders feared that the the rally may be coming to an end. Doji patterns occur when the bulls and bears are almost in balance and indicate uncertainty about the future direction of the market. Friday's employment report gave the bulls some momentum and the NASDAQ closed the week with an accumulation day. This was insufficient to give the index a positive gain week over week with a loss of 0.15%. Nevertheless this was a better performance than the DJI and S&P 500. Below average volumes kept the number of breakouts to just 7 this week. However, the star breakout was MOMO which perfectly fitted our recommended strategy criteria.

New Features this Week
No new features this week.

Strategy Suggestions
Our latest strategy suggestions are here. MOMO Fitted them perfectly. MOMO is a Chinese dating app that has seen significant growth since its IPO in 2014. You can see this represented in our CANTATA Evaluation below. MOMO was a pick on our cup-and-handle watchlist on Monday and perfectly met our recommended strategy criteria. We issued a breakout alert at 9:45 on Tuesday at a price of 29.94 compared to a breakout price of 27.93. Unfortunately, this alert was 7% above the breakout price, which exceeded our suggested limit of 5% above BoP. However, because it closed above the BoP on massive volume (5 x the 50 dma) this also fit our criteria for a buy at the open on Wednesday.

Breakouts Summary by Watchlist for Week Beginning 03/06/17
List	Breakouts	Avg. Gain
CWH	6	4.7
SQZ	1	2.64
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 03/06/17
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2017-03-07	MOMO	CWH	n	27.83	30	95	30.78	10.6%	23.43%
2017-03-07	HBP	CWH	n	7.19	8	88	7.75	7.79%	8.07%
2017-03-08	CYOU	CWH	n	28.80	29	88	31	7.64%	9.06%
2017-03-10	BPMC	CWH	y	37.55	39	95	39.32	4.71%	5.94%
2017-03-08	CCS	SQZ	y	24.21	25	82	24.85	2.64%	4.09%
2017-03-10	ULTA	CWH	n	281.16	286	81	286.42	1.87%	2.14%
2017-03-06	GTN	CWH	n	14.75	15	84	14.1	-4.41%	2.37%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday March 10, 2017
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
BZUN	16.20	715,503	Baozun Inc.	Catalog & Mail Order Houses	97	15.25
ETE	19.85	7,316,996	Energy Transfer Equity - L.P.	Oil & Gas Pipelines	94	18.51
ISLE	25.93	190,059	Isle of Capri Casinos - Inc.	Resorts & Casinos	94	25.54
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	20903	-0.49%	5.77%	Up
NASDAQ	5861.73	-0.15%	8.89%	Up
S&P 500	2372.6	-0.44%	5.97%	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	NASDAQ Composite 5.8 %	Dow Jones 15.58 %	NASDAQ Composite 8.89 %

Best Performing Industry (by average technical score over each period)
1 Week	3 Weeks	13 Weeks	26 Weeks
Regional - Southwest Banks	Regional - Southwest Banks	Consumer Services	Regional - Southwest Banks

Most Improved Industry (by change in technical rank²)
Consumer Services 140	Cigarettes 122	Home Health Care 158	Long Distance Carriers 172
Charts of each industry rank and performance over 12 months are available on the site

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