Breakoutwatch Weekly Summary 04/14/17
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.
| NASDAQ Downturn Confirmed We have warned for two weeks that the NASDAQ composite was threatening a bearish head and shoulders top pattern and that was confirmed on Thursday as the index closed below the neckline. At the same time our market signal for the NASDAQ turned negative, joining the signals for the DJI and S&P 500 which have been negative for over a week. The chart shows that volumes this week were below average each day which attests to the downbeat mood of market participants and explains the relatively few breakouts (12) this week. Low volumes also reflect lower volatility which explains why the majority of breakouts came from the Volatility Squeeze pattern  |
| No new features this week. |
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 2 | 6.73 |
| SQZ | 7 | 2.76 |
| HTF | 2 | 0.07 |
| HSB | 0 | |
| DB | 1 | -5.05 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2017-04-10 | ZYNE | SQZ | y | 22.10 | 25 | 97 | 25.19 | 13.98% | 17.42% |
| 2017-04-11 | CNAT | CWH | n | 6.43 | 7 | 98 | 7.2337 | 12.5% | 12.75% |
| 2017-04-10 | XCRA | SQZ | y | 9.01 | 10 | 91 | 9.74 | 8.1% | 11.1% |
| 2017-04-11 | VIIX | HTF | n | 29.55 | 30 | 99 | 30.85 | 4.4% | 5.14% |
| 2017-04-10 | NL | SQZ | y | 6.76 | 7 | 97 | 6.95 | 2.81% | 13.91% |
| 2017-04-11 | TBPH | CWH | n | 37.48 | 38 | 86 | 37.84 | 0.96% | 2.93% |
| 2017-04-11 | MPO | SQZ | y | 19.08 | 19 | 99 | 19.18 | 0.52% | 3.51% |
| 2017-04-12 | FFWM | SQZ | y | 15.49 | 16 | 81 | 15.32 | -1.1% | 1.16% |
| 2017-04-12 | GNCA | SQZ | y | 6.45 | 7 | 93 | 6.36 | -1.4% | 5.12% |
| 2017-04-10 | BZUN | SQZ | y | 15.55 | 17 | 96 | 14.99 | -3.6% | 8.55% |
| 2017-04-11 | BWEN | HTF | n | 8.50 | 9 | 98 | 8.1382 | -4.26% | 6.52% |
| 2017-04-11 | BBL | DB | n | 33.19 | 33 | 76 | 31.515 | -5.05% | 0.42% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| BZUN | 16.88 | 910,623 | Baozun Inc. | Catalog & Mail Order Houses | 95 | 14.99 |
| GNBC | 18.28 | 262,212 | Green Bancorp - Inc. | Money Center Banks | 95 | 16.25 |
| RH | 48.91 | 3,739,941 | RH | Home Furnishing Stores | 94 | 47.03 |
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts |
||||||
| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 20453.2 |
-0.98% | 3.49% | Down |
| NASDAQ | 5805.15 |
-1.24% | 7.84% | Down |
| S&P 500 | 2328.95 |
-1.13% | 4.03% | Down |
|
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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| Dow Jones |
NASDAQ Composite 2.83 % |
Dow Jones 13.01 % |
NASDAQ Composite 7.84 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Consumer Services |
Consumer Services |
Consumer Services |
Regional - Southwest Banks |
| Computers Wholesale 181 |
Computers Wholesale 184 |
Computers Wholesale 180 |
Long Distance Carriers 197 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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