Breakoutwatch Weekly Summary 05/26/18
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.
| NASDAQ Trends Higher Despite
Geopolitical Uncertainty I wish all my readers and subscribers a happy and safe memorial Day weekend. The NASDAQ added 1.1% this week as the trade war with China appeared to be on hold, at least until the next policy reversal, and talks with North Korea were on, of and then on again, maybe. Markets were also satisfied that the minutes of the last FOMC meeting showed that rate hikes may not be as aggressive as feared and that the Fed may tolerate an inflation rate slightly above the target 2%. The NASDAQ chart shows volatility has calmed as the index moved sideways with a slight upwards trend. Friday's volume was well below the 50 day average due to the pending 3-day weekend. Our market trend signals remain positive.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 6 | 8.16 |
| SQZ | 0 | |
| HTF | 0 | |
| HSB | 0 | |
| DB | 3 | 1.04 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-05-24 | SCVL | CWH | n | 26.02 | 26.34 | 81 | 31.8 | 22.21% | 4.73% |
| 2018-05-24 | CATO | CWH | n | 18.16 | 21.45 | 88 | 21.83 | 20.21% | 16.8% |
| 2018-05-24 | EDU | DB | n | 96.73 | 104.3 | 76 | 100.68 | 4.08% | 3.5% |
| 2018-05-23 | EDU | DB | n | 96.73 | 101.33 | 70 | 100.68 | 4.08% | 3.5% |
| 2018-05-23 | ZG | CWH | n | 54.15 | 54.53 | 85 | 56.08 | 3.56% | 2.12% |
| 2018-05-24 | Z | CWH | n | 54.81 | 56 | 85 | 56.15 | 2.44% | 0.91% |
| 2018-05-25 | KORS | CWH | n | 68.42 | 68.64 | 89 | 68.64 | 0.32% | -0.12% |
| 2018-05-24 | MSCC | CWH | n | 68.58 | 68.73 | 84 | 68.74 | 0.23% | 0.23% |
| 2018-05-21 | EV | DB | n | 57.89 | 58.06 | 71 | 54.98 | -5.03% | -0.16% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| BKI | 50.15 | 1,459,878 | Black Knight - Inc. Common Stock | Paper & Paper Products | 99 | 49.90 |
| MAR | 138.96 | 2,578,524 | Marriott International - Class A Common Stock | Lodging | 97 | 137.97 |
| DQ | 66.12 | 631,600 | DAQO New Energy Corp. American Depositary Shares - | Semiconductor Equipment & Materials | 96 | 65.70 |
| MVO | 9.86 | 50,824 | MV Oil Trust Units of Beneficial Interests | Independent Oil & Gas | 95 | 9.83 |
| 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 | 24753.1 |
0.15% | 0.14% | Up |
| NASDAQ | 7433.85 |
1.08% | 7.68% | Up |
| S&P 500 | 2721.33 |
0.31% | 1.78% | 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite 1.31 % |
NASDAQ Composite 7.91 % |
NASDAQ Composite 7.68 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Manufactured Housing |
Manufactured Housing |
Home Health Care |
Publishing - Books |
| Tobacco Products - Other 139 |
Tobacco Products - Other 118 |
Manufactured Housing 212 |
Manufactured Housing 212 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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