Breakoutwatch Weekly Summary 06/03/17

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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 was by far the strongest market this week with a 1.5% gain and another new high despite the week beginning with two down days. Momentum picked up on Thursday following a strong ADP jobs report which carried through into Friday although that day's Employment Situation Report disappointed and the previous two months reports were downgraded too. With so many stocks hitting new highs the number of breakout candidates, and consequently the number of breakouts remained low with just 8 again this week. We need an extended period of market consolidation before the number of breakout candidates will rise again. For this reason I'm introducing a new report next week : NASDAQ Stocks making new 52 week highs.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 05/29/17
List	Breakouts	Avg. Gain
CWH	4	1.65
SQZ	3	4.13
HTF	1	1.65
HSB		0
DB		0

Breakouts Detail for Week Beginning 05/29/17
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2017-06-02	VICR	SQZ	y	17.86	20	91	19.55	9.46%	9.74%
2017-06-01	HAWK	CWH	n	43.60	44	84	44.7	2.52%	2.98%
2017-06-01	MRLN	SQZ	y	25.36	26	88	25.95	2.33%	4.1%
2017-06-02	IXYS	CWH	n	15.25	16	86	15.6	2.3%	4.92%
2017-06-02	AGFS	HTF	n	7.27	7	98	7.3901	1.65%	1.79%
2017-06-01	DAN	CWH	n	21.43	22	91	21.675	1.14%	2.99%
2017-06-01	MOD	CWH	n	15.75	16	90	15.85	0.63%	2.86%
2017-06-01	PRGX	SQZ	y	6.71	7	82	6.75	0.6%	8.05%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday June 02, 2017
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
EMKR	10.95	507,884	EMCORE Corporation	Semiconductor - Integrated Circuits	96	10.20
FRBK	9.38	401,265	Republic First Bancorp - Inc.	Regional - Northeast Banks	96	9.20
PNRA	314.65	1,474,978	Panera Bread Company	Specialty Eateries	92	314.19
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	21206.3	0.6%	7.31%	Up
NASDAQ	6305.8	1.54%	17.14%	Up
S&P 500	2439.07	0.96%	8.94%	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 7.41 %	NASDAQ Composite 19.98 %	NASDAQ Composite 17.14 %

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

Most Improved Industry (by change in technical rank²)
Synthetics 97	Synthetics 140	Computers Wholesale 198	Home Health Care 175
Charts of each industry rank and performance over 12 months are available on the site

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