Breakoutwatch Weekly Summary 07/14/18

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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
NASDAQ Consolidation Likely I'm back from my European trip and would like to welcome new subscribers that joined while I was away. For their benefit, I note that we focus on the NASDAQ exchange in our newsletter, as that is where most breakouts from our patterns occur. The NASDAQ set another new high on Friday at 7843 but as the inset on the chart below shows the index pulled back into a doji candlestick. A doji shows balance between buyers and sellers. It implies indecision and that a change in trend may be near. The 6-month chart shows that Friday's high touched the longer term trend line of new highs. Note that these new highs have been followed by pull-backs, so I would not be surprised to see a consolidation in the near future. For the year, the NASDAQ has gained over 13% leaving the S&P 500 (4.8%) and the DJI (1.2%) well behind. Volumes were typically below the 50 day average limiting the number of cup and handle breakouts. The top performer, MYGN gapped up from low in the handle but could have been bought at just above the pivot price. An indication that a breakout was possible was the sudden increase in volume the day before breakout.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here. How to Search our Database A feature of our site that is often overlooked is the 'Database Search' option on the Mine for Candidates menu. Although this feature dates back to the early days of the site, it remains a powerful method of searching for potential future breakouts. To summarize, the database search allows you to select stocks by several criteria: Top 100 stock by technical, fundamental or combined technical and fundamental criteria By specific technical and fundamental ratings (CE Cell and Zone) By specific technical criteria By specific fundamental criteria matching the 11 CAN SLIM fundamental requirements These selection criteria can be applied to all stocks, to our watchlists or to stocks still building their bases (Basewatch). Here is an example of searching Basewatch for stocks with the best combined technical and fundamental criteria: Choose Stock Group Basewatch Click Clear Search Criteria Choose CE cell 4-4 (highest Choose a sort order (RS Rank) Click Search Database This yields the following results. The Tabs can be clicked to show Core, Technical,Industry or Fundamental Indicators.

Breakouts Summary by Watchlist for Week Beginning 07/09/18
List	Breakouts	Avg. Gain
CWH	3	5.09
SQZ	6	2.07
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 07/09/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-07-11	MYGN	CWH	n	39.35	43.04	85	42.69	8.49%	8.31%
2018-07-09	GLOB	CWH	n	56.22	56.76	83	58.95	4.86%	2.54%
2018-07-09	EPAM	SQZ	y	128.27	130.48	86	133.56	4.12%	3.32%
2018-07-12	ATVI	SQZ	y	78.62	81.37	84	81.5	3.66%	1.65%
2018-07-12	TSS	SQZ	y	88.20	91.18	80	90.28	2.36%	2.06%
2018-07-09	PNK	SQZ	y	34.36	34.39	86	35.04	1.98%	1.66%
2018-07-12	EGHT	CWH	n	20.75	21.65	88	21.15	1.93%	0.72%
2018-07-12	NXST	SQZ	y	81.01	84	84	82.5	1.84%	1.28%
2018-07-12	SRNE	SQZ	y	7.21	7.5	97	7.1	-1.53%	-1.53%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday July 13, 2018
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
WTI	8.10	6,365,532	W&T Offshore - Inc. Common Stock	Oil & Gas Drilling & Exploration	98	8.08
AMEH	27.20	113,594	Apollo Medical Holdings - Inc. - Common Stock	Specialized Health Services	97	23.30
MIXT	18.78	208,444	MiX Telematics Limited American Depositary Shares,	Technical & System Software	95	18.53
ANF	27.27	4,138,924	Abercrombie & Fitch Company Common Stock	Apparel Stores	95	25.16
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	25019.4	2.3%	1.21%	Up
NASDAQ	7825.98	1.79%	13.36%	Up
S&P 500	2801.31	1.5%	4.78%	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.

Best Performing Index
1 Week	13 Weeks	26 Weeks	Year-to-Date
Dow Jones	NASDAQ Composite 10.12 %	NASDAQ Composite 7.78 %	NASDAQ Composite 13.36 %

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

Most Improved Industry (by change in technical rank²)
General Contractors 40	REIT - Healthcare Facilities 81	Long Distance Carriers 175	Manufactured Housing 213
Charts of each industry rank and performance over 12 months are available on the site

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