Breakoutwatch Weekly Summary 05/18/18

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Weekly Commentary
Doji Patterns and Falling Volume Imply Market Direction Uncertainty The major indexes retreated this week in the face of stalled trade negotiations with China and NAFTA, and a continued rise in Treasury yields which hit 3.11% on Wednesday before slipping back to 3.07% on Friday. These more attractive yields likely pulled some money out of stocks, especially as the risk of trade wars and potential damage to the economy continued. The NASDAQ Composite has been in retreat since Monday and gave up 0.7% for the week. Falling volume on Thursday and Friday and two doji patterns indicate uncertainty about the direction the market will take. Our market trend indicators for the NASDAQ and other major indicators remain positive.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 05/14/18
List	Breakouts	Avg. Gain
CWH	6	2.78
SQZ		0
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 05/14/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-05-16	M	CWH	n	31.44	33.17	87	33.96	8.02%	4.83%
2018-05-16	PTCT	CWH	n	30.78	31.07	95	31.99	3.93%	1.79%
2018-05-16	LXFR	CWH	n	16.25	16.49	83	16.88	3.88%	2.77%
2018-05-15	DTYS	CWH	n	23.95	24.64	84	24.43	2%	3.51%
2018-05-15	TX	CWH	n	40.00	40.44	88	39.81	-0.47%	1.45%
2018-05-16	JOUT	CWH	n	75.20	75.51	83	74.69	-0.68%	-0.45%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday May 18, 2018
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
MAR	138.96	2,663,498	Marriott International - Class A Common Stock	Lodging	97	138.52
COOL	27.80	319,266	PolarityTE - Inc. - Common Stock	Multimedia & Graphics Software	94	26.96
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	24715.1	-0.47%	-0.02%	Up
NASDAQ	7354.34	-0.66%	6.53%	Up
S&P 500	2712.97	-0.54%	1.47%	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
Dow Jones	NASDAQ Composite 1.59 %	NASDAQ Composite 8.43 %	NASDAQ Composite 6.53 %

Best Performing Industry (by average technical score over each period)
1 Week	3 Weeks	13 Weeks	26 Weeks
Manufactured Housing	Manufactured Housing	Home Health Care	Resorts & Casinos

Most Improved Industry (by change in technical rank²)
Meat Products 126	Long Distance Carriers 177	Manufactured Housing 213	Sporting Goods Stores 197
Charts of each industry rank and performance over 12 months are available on the site

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