Breakoutwatch Weekly Summary 04/14/18

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.

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
Volume Required for Confirmed Breakout Revised to 150% of 50 day Average

The NASDAQ Composite enjoyed a positive week with a gain of 2.8%, comfortably beating gains of 1.8% and 2% by the DJI and S&P 500 respectively. Fears of a trade war were somewhat alleviated which allowed a recovery early in the week, but angst over a potential, now confirmed, strike against Syria complicated assessments of the market's direction. Volumes declined, as the chart below shows, indicating there is a lack of conviction that the rally will hold. The NASDAQ looked ready to test resistance at the 50 day moving average level, but Friday's sell-off as a strike appeared imminent, has delayed that test for now. Our trend indicators for all three major indicators remain negative.

NASDAQ Chart

A 12 month chart of the NASDAQ (below) shows how dramatically volatility has increased since January. I've over-layed the chart with a Bollinger Band study (BB), which is a measure of volatility, to illustrate this. Note that through to December, the BB was in a narrow range which started to widen at the beginning of the year as the price gradient increased. In retrospect, it's clear that prices were overheated and a correction was due. At the end of December the BB range was 300 points, but now it has more than doubled to 650 points.

At the beginning of the year, I chose to lower the volume requirement for a confirmed breakout to 100% of the 50-day average volume because of the low volatility during 2017. Now that volatility is so much higher, and it looks as though that will continue, I am raising the volume requirement for a confirmed breakout back to 150% of the 50 day volume. This will take effect from Monday, April 16. This will apply to all watchlists except the High Tight Flag, where the volume requirement will stay at 100% of 50-day average volume.

NASDAQ Chart

New Features this Week

No new features this week.
 
Strategy Suggestions
Our latest strategy suggestions are here.

If you are overwhelmed with volume of alerts being received, please see the newsletter article Using Filters to Ensure only Targeted Alerts
 
Breakouts Summary by Watchlist for Week Beginning 04/09/18
List Breakouts Avg. Gain
CWH 42 1.27
SQZ 68 1.01
HTF
0
HSB
0
DB 15 2.46
Breakouts Detail for Week Beginning 04/09/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-04-09 AA DB n 48.99 50.62 80 54.96 12.19% 10.78%
2018-04-10 VNOM CWH n 25.65 26 92 28.15 9.75% 3.66%
2018-04-10 ONCE SQZ y 70.37 75.95 87 77.04 9.48% 8.9%
2018-04-11 BRS SQZ y 14.05 14.53 88 15.2 8.19% 5.12%
2018-04-11 HP DB y 68.35 71.51 81 73.05 6.88% 6.03%
2018-04-09 ATHM CWH n 88.51 89.34 97 94.51 6.78% 7.13%
2018-04-10 BOOM CWH n 27.25 27.6 96 29.05 6.61% 3.67%
2018-04-10 SMTC CWH n 41.00 42.8 80 43.25 5.49% 6.34%
2018-04-11 RSPP CWH n 44.97 45.68 82 47.15 4.85% 1.38%
2018-04-10 MNTA SQZ y 18.56 18.85 91 19.45 4.8% 4.96%
2018-04-10 FIVE CWH n 71.81 74.09 91 75.24 4.78% 4.44%
2018-04-10 CLR CWH n 59.09 60.99 93 61.86 4.69% 3.88%
2018-04-11 CEO DB n 150.79 155.89 82 157.7 4.58% 4.74%
2018-04-12 BRS SQZ y 14.54 14.8 90 15.2 4.54% 1.58%
2018-04-10 HTZ CWH n 20.64 21.05 81 21.5 4.17% 2.96%
2018-04-13 SPNE DB n 11.63 12.05 82 12.05 3.61% 1.72%
2018-04-12 SPNE DB n 11.63 11.84 81 12.05 3.61% 1.72%
2018-04-11 CAMT SQZ y 7.14 7.19 92 7.39 3.5% 1.54%
2018-04-09 TOWR DB n 28.55 29.05 72 29.5 3.33% 3.33%
2018-04-12 SPRO SQZ y 15.00 17.85 86 15.49 3.27% 1.27%
2018-04-10 TVPT CWH n 16.20 16.35 87 16.72 3.21% 1.85%
2018-04-12 CALM CWH n 46.65 46.7 80 48 2.89% -0.41%
2018-04-11 ERJ SQZ y 26.18 27.49 82 26.92 2.83% 3.25%
2018-04-12 CAMT SQZ y 7.20 7.29 92 7.39 2.64% 0.69%
2018-04-12 ENTA SQZ y 83.79 84.74 98 85.98 2.61% 0.19%
2018-04-10 MPC CWH n 72.73 73.7 88 74.59 2.56% 1.7%
2018-04-11 AEG SQZ y 7.03 7.08 87 7.2 2.42% 2.28%
2018-04-11 IO SQZ y 26.96 27.55 99 27.6 2.37% 2.19%
2018-04-12 EDN SQZ y 57.38 58.5 93 58.7 2.3% -1.03%
2018-04-10 PVH CWH n 155.61 157.95 90 159.13 2.26% 2.18%
2018-04-13 SGY CWH n 37.22 38.04 92 38.04 2.2% -0.4%
2018-04-11 RHP SQZ y 76.43 77.4 82 78.09 2.17% 1.3%
2018-04-11 HTZ SQZ y 21.06 21.07 80 21.5 2.09% 0.9%
2018-04-11 TDY SQZ y 189.58 190.25 86 193.46 2.05% 1.13%
2018-04-10 BSAC CWH n 34.06 34.15 84 34.75 2.03% 1.59%
2018-04-12 RXN SQZ y 29.68 30.18 83 30.28 2.02% 1.68%
2018-04-11 APC SQZ y 61.82 63.2 83 63.03 1.96% 1.41%
2018-04-11 ATR DB n 91.14 92.25 74 92.75 1.77% 1.46%
2018-04-12 TDY SQZ y 190.26 194.14 86 193.46 1.68% 0.77%
2018-04-12 BCOR SQZ y 24.26 24.75 80 24.65 1.61% 0.37%
2018-04-10 KLXI SQZ y 71.23 71.73 89 72.35 1.57% 1.6%
2018-04-12 UFI SQZ y 37.40 38.1 80 37.97 1.52% -0.21%
2018-04-12 ALG SQZ y 112.81 113.46 81 114.51 1.51% -0.04%
2018-04-12 INXN SQZ y 62.18 63.01 88 63.07 1.43% 0.24%
2018-04-10 AMED CWH n 64.18 64.55 87 65.08 1.4% 1.06%
2018-04-12 CPLA CWH n 90.30 90.6 80 91.55 1.38% 0.11%
2018-04-12 RIO DB y 53.57 53.81 75 54.26 1.29% 1.03%
2018-04-13 RIO DB n 53.57 54.26 78 54.26 1.29% 1.03%
2018-04-11 CRMT SQZ y 49.81 50.55 86 50.4 1.18% 0.38%
2018-04-11 TTOO CWH y 6.84 7.13 95 6.92 1.17% 3.07%
2018-04-10 DPS SQZ y 119.51 120.34 91 120.81 1.09% 0.69%
2018-04-10 MBI CWH n 9.26 9.39 81 9.36 1.08% 4.54%
2018-04-12 USG CWH n 40.34 40.77 84 40.77 1.07% 0.64%
2018-04-11 EZPW SQZ y 13.26 13.55 92 13.4 1.06% 1.06%
2018-04-11 EXPO SQZ y 80.11 80.65 86 80.9 0.99% 0.49%
2018-04-11 KRA SQZ y 50.10 50.12 87 50.58 0.96% -0.5%
2018-04-12 RHP SQZ y 77.41 78.13 83 78.09 0.88% 0.01%
2018-04-13 UBNT SQZ y 71.20 71.78 85 71.78 0.81% -1.46%
2018-04-11 HEI SQZ y 87.16 87.24 90 87.86 0.8% 0.2%
2018-04-13 FOXA SQZ y 36.50 36.79 83 36.79 0.79% 0.27%
2018-04-13 EOG DB n 110.16 111.02 71 111.02 0.78% -0.5%
2018-04-12 CW SQZ y 136.49 137.51 89 137.56 0.78% 0.11%
2018-04-13 BREW CWH n 19.65 19.8 80 19.8 0.76% -0.51%
2018-04-13 RCKY SQZ y 21.36 21.5 94 21.5 0.66% -1.45%
2018-04-11 ENVA SQZ y 22.51 22.8 95 22.65 0.62% 1.07%
2018-04-12 TDG CWH y 307.44 308.19 84 309.22 0.58% -0.13%
2018-04-12 TILE SQZ y 25.16 25.2 82 25.3 0.56% -0.44%
2018-04-13 BLFS CWH n 7.19 7.23 98 7.23 0.56% -0.56%
2018-04-11 RDWR SQZ y 22.03 22.22 86 22.15 0.54% 0.64%
2018-04-10 WK CWH n 24.27 24.4 87 24.4 0.54% 0.54%
2018-04-10 FONR CWH n 28.85 29.6 84 29 0.52% 0.38%
2018-04-13 BL SQZ y 40.06 40.24 82 40.24 0.45% -0.95%
2018-04-10 FE CWH n 34.26 34.39 81 34.41 0.44% -0.2%
2018-04-11 IPCC SQZ y 118.71 119.15 86 119.2 0.41% 0.37%
2018-04-10 YUM CWH n 85.09 85.58 80 85.42 0.39% 0.66%
2018-04-11 DPS SQZ y 120.35 120.53 90 120.81 0.38% -0.01%
2018-04-13 RMD SQZ y 98.51 98.85 88 98.85 0.35% -0.11%
2018-04-12 KLXI SQZ y 72.11 72.76 89 72.35 0.33% 0.36%
2018-04-11 FLIR SQZ y 51.21 51.27 87 51.37 0.31% 0.41%
2018-04-12 EXPO SQZ y 80.66 80.9 86 80.9 0.3% -0.2%
2018-04-12 XRM CWH n 6.56 6.57 82 6.58 0.3% -2.29%
2018-04-11 WING SQZ y 48.16 48.3 93 48.28 0.25% 0.1%
2018-04-12 FLIR SQZ y 51.28 51.52 86 51.37 0.18% 0.27%
2018-04-13 CNC CWH n 106.49 106.64 82 106.64 0.14% -0.48%
2018-04-10 HI CWH n 46.75 46.95 83 46.8 0.11% -0.64%
2018-04-09 SUPN CWH n 45.20 45.35 80 45.25 0.11% 1.11%
2018-04-11 VALE SQZ y 13.11 13.14 88 13.12 0.08% -0.69%
2018-04-13 INXN SQZ y 63.02 63.07 88 63.07 0.08% -1.09%
2018-04-12 KMPR SQZ y 57.46 57.95 80 57.5 0.07% 0.42%
2018-04-13 BUFF SQZ y 39.96 39.98 94 39.98 0.05% -0.03%
2018-04-12 IPCC SQZ y 119.16 119.7 87 119.2 0.03% -0.01%
2018-04-11 KAMN SQZ y 62.03 62.09 82 62.04 0.02% -0.27%
2018-04-12 BBX CWH y 9.24 9.25 87 9.24 0% -0.22%
2018-04-11 DST SQZ y 83.69 83.71 89 83.67 -0.02% -0.04%
2018-04-12 CHEF SQZ y 23.86 24.05 94 23.85 -0.04% -0.46%
2018-04-12 WK SQZ y 24.41 24.7 86 24.4 -0.04% -0.04%
2018-04-12 JAX SQZ y 11.71 11.8 81 11.7 -0.09% -0.51%
2018-04-12 KAMN SQZ y 62.10 62.31 81 62.04 -0.1% -0.39%
2018-04-12 HRS CWH n 161.96 162.76 89 161.69 -0.17% 0.01%
2018-04-12 IIN SQZ y 19.66 19.7 96 19.625 -0.18% -1.32%
2018-04-10 SUPN SQZ y 45.36 45.8 82 45.25 -0.24% 0.75%
2018-04-12 FARO DB y 61.00 61.1 95 60.8 -0.33% 0%
2018-04-11 FARO DB y 61.00 61.35 95 60.8 -0.33% 0%
2018-04-12 RDWR SQZ y 22.23 22.29 88 22.15 -0.36% -0.27%
2018-04-12 SHEN CWH n 37.75 37.8 84 37.55 -0.53% -0.93%
2018-04-11 LEA DB y 194.88 194.93 85 193.7 -0.61% 0.06%
2018-04-10 LEA DB y 194.88 195 83 193.7 -0.61% 0.06%
2018-04-12 LEA DB n 194.88 195.86 85 193.7 -0.61% 0.06%
2018-04-12 RM SQZ y 32.56 32.81 91 32.35 -0.64% -0.03%
2018-04-11 TACT SQZ y 12.86 13.2 86 12.75 -0.86% -0.47%
2018-04-10 RM SQZ y 32.64 32.69 92 32.35 -0.89% -0.28%
2018-04-11 IPAR SQZ y 48.31 48.75 86 47.75 -1.16% -0.43%
2018-04-12 CAR CWH n 49.34 49.57 91 48.74 -1.22% -1.5%
2018-04-10 CAR CWH n 49.34 49.78 93 48.74 -1.22% -1.44%
2018-04-10 RL CWH n 112.75 115.05 90 111.15 -1.42% 1.13%
2018-04-12 ENR CWH n 58.87 58.93 83 58.03 -1.43% -1.02%
2018-04-11 NOAH SQZ y 50.74 51.05 92 49.99 -1.48% -1.77%
2018-04-10 DLTR SQZ y 98.75 99.07 80 97.13 -1.64% -0.75%
2018-04-10 WSO CWH n 186.70 187.16 84 183.41 -1.76% -0.62%
2018-04-11 TGT SQZ y 72.80 72.82 87 71.52 -1.76% -0.91%
2018-04-12 WSO CWH n 186.70 187.87 83 183.41 -1.76% -1.16%
2018-04-10 BAP CWH n 235.23 237.09 87 231 -1.8% -0.7%
2018-04-10 GWW CWH n 289.30 292 93 278.61 -3.7% -0.03%
2018-04-10 NUS CWH n 74.30 75.15 85 71 -4.44% 1.1%
2018-04-12 NUS SQZ y 75.11 75.19 86 71 -5.47% 0.01%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday April 13, 2018
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
DQ 58.52 682,526 DAQO New Energy Corp. American Depositary Shares - Semiconductor Equipment & Materials 97 51.65
CYRX 10.07 201,254 CryoPort - Inc. - Common Stock Packaging & Containers 96 8.24
HOME 34.02 721,221 At Home Group Inc. Common Stock Foreign Regional Banks 94 33.46
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 24360.1
 1.79% -1.45% Down
NASDAQ 7106.65
 2.77% 2.94% Down
S&P 500 2656.3
 1.99% -0.65% Down
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 NASDAQ Composite
-2.13 %		 NASDAQ Composite
7.58 %		 NASDAQ Composite
2.94 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
 Manufactured Housing
 Resorts & Casinos
 Resorts & Casinos
Most Improved Industry (by change in technical rank2)
Toy & Hobby Stores
132		 Toy & Hobby Stores
177		 Manufactured Housing
213		 Toy & Hobby Stores
196
Charts of each industry rank and performance over 12 months are available on the site

 

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