Breakoutwatch Weekly Summary 08/25/18
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 Closes at a New High but
Volume Level Constrains Breakouts The NASDAQ Composite closed at a new high on Friday following a speech by Fed Chairman Powell expressing confidence in the economy while inflation remained within the Fed's target range. Although the NASDAQ closed at a new high it did not surpass the intraday high of 7933 set on July 25 of this year. That resistance level could be tested next week, although it is notable that volume levels this week were mostly below average except for Thursday when the index closed for a small loss. Perhaps the low volume can be attributed to the dog days of summer, but Thursday's higher volume on a down day perhaps indicates that the bears are on the prowl. The lower volume levels constrained the number of breakouts to just 11 with only modest gains.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 9 | 0.34 |
| SQZ | 2 | 0.93 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-08-20 | KSS | CWH | n | 76.69 | 78.85 | 93 | 80.86 | 5.44% | 3.6% |
| 2018-08-24 | GNMK | CWH | n | 7.35 | 7.62 | 81 | 7.62 | 3.67% | -2.59% |
| 2018-08-20 | SCVL | SQZ | y | 33.18 | 34.33 | 92 | 33.67 | 1.48% | 5.39% |
| 2018-08-22 | MOV | CWH | n | 50.62 | 51.05 | 94 | 51.25 | 1.24% | 1.15% |
| 2018-08-21 | KMG | CWH | n | 76.61 | 76.7 | 88 | 77.2 | 0.77% | 0.57% |
| 2018-08-20 | TLYS | CWH | n | 17.21 | 17.27 | 92 | 17.29 | 0.46% | 0.81% |
| 2018-08-23 | MOV | SQZ | y | 51.06 | 51.25 | 95 | 51.25 | 0.37% | 0.27% |
| 2018-08-20 | BKE | CWH | n | 26.60 | 26.75 | 88 | 26.55 | -0.19% | 1.5% |
| 2018-08-21 | GNRC | CWH | n | 55.41 | 55.74 | 81 | 54.36 | -1.89% | 0.43% |
| 2018-08-23 | URBN | CWH | n | 47.11 | 47.17 | 92 | 45.6 | -3.21% | -3.4% |
| 2018-08-20 | URBN | CWH | n | 47.11 | 47.51 | 93 | 45.6 | -3.21% | -0.13% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| PBF | 50.12 | 2,971,732 | PBF Energy Inc. Class A Common Stock | Oil & Gas Refining & Marketing | 94 | 49.80 |
| 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 | 25790.3 |
0.47% | 4.33% | Up |
| NASDAQ | 7945.98 |
1.66% | 15.1% | Up |
| S&P 500 | 2874.69 |
0.86% | 7.52% | 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 6.89 % |
NASDAQ Composite 8.29 % |
NASDAQ Composite 15.1 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Internet Service Providers |
Internet Service Providers |
Auto Parts Stores |
Home Health Care |
| Manufactured Housing 202 |
Manufactured Housing 204 |
Electronics Stores 169 |
Manufactured Housing 205 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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