Breakoutwatch Weekly Summary 11/04/17

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

Weekly Commentary
Four Breakouts Exceed 10% Gain as Markets Continue to Rise

The NASDAQ Composite again set a new all time high at Friday's close. For the week the index gained 0.94% - more than double the increase in the DJI and S&P 500. There were fewer breakouts this week but gains were strong with 4 of the 11 breakouts gaining over 10% by Friday's close.

We had an outage in our real time data feed on Thursday and Friday due to Yahoo and GOOGLE tightening their controls on "screen scraping". I expect to have the real time feed restored by Monday.

NASDAQ Chart

New Features this Week

No new features this week.
 
Strategy Suggestions

Our latest strategy suggestions are here.
 
Breakouts Summary by Watchlist for Week Beginning 10/30/17
List Breakouts Avg. Gain
CWH 7 5.38
SQZ 4 5.25
HTF
0
HSB
0
DB
0
Breakouts Detail for Week Beginning 10/30/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-10-30 GBT CWH y 34.75 39 95 41.55 19.57% 26.47%
2017-11-01 RDWR SQZ y 17.55 19 80 19.45 10.83% 11.11%
2017-10-30 GRFS CWH n 21.98 22 80 23.89 8.69% 10.1%
2017-11-01 CVRR CWH n 11.55 13 90 12.5 8.23% 11.26%
2017-10-30 CNA CWH y 51.40 54 82 54.98 6.96% 7.65%
2017-10-30 ALDW CWH n 12.45 13 85 13.16 5.7% 7.63%
2017-10-30 ENZY SQZ y 11.26 12 93 11.8 4.8% 5.24%
2017-10-31 ZBRA SQZ y 110.48 116 87 114.33 3.48% 6.3%
2017-10-30 XSD SQZ y 69.84 70 92 71.17 1.9% 2.26%
2017-10-31 ADES CWH y 11.89 12 85 11.75 -1.18% 2.61%
2017-10-31 MDC CWH n 36.96 37 88 33.15 -10.31% 1.33%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday November 03, 2017
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
No stocks met our revised rules for the cup and handel watchlist as of Friday 03 N0v. 2017
See Revised Rules for Trading Cup and Handle Breakouts
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 23539.2
0.45% 19.11% Up
NASDAQ 6764.44
0.94% 25.66% Up
S&P 500 2587.84
0.26% 15.59% Up
1The Market Trend is derived from our proprietary market model. The market model is described on the site here.
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
6.55 %
Dow Jones
12.05 %
NASDAQ Composite
25.66 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
Machine Tools & Accessories
Aluminum
Aluminum
Most Improved Industry (by change in technical rank2)
Aerospace/Defense - Major Diversified
146
Internet Service Providers
178
Medical Practitioners
214
Wholesale - Other
216
Charts of each industry rank and performance over 12 months are available on the site

 

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