Breakoutwatch Weekly Summary 09/29/18

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
50 Day Average Provides NASDAQ Support The NASDAQ made a modest gain of 0.7% while the DJI and S&P 500 made losses of 1% and 0.5% respectively. The Fed raised interest rates 0.25% on Wednesday which surprisingly caused the markets to turn south after the announcement despite the rate rise being expected and presumably already priced in. The 50 day moving average or thereabouts can be seen to be a consistent support level for the NASDAQ. A sustained breach of that level would be an early warning of a possible correction to come. The best performing breakout for the week, BCOR, came from a Volatility Squeeze breakout. As is often the case, the breakout was preceded by rising volume which was well above average on the day before breakout. The methodology for a Volatility Squeeze candidate is described here.

New Features this Week
Smartphone Site Version in Beta Test If you access https://www.breakoutwatch.com on your smartphone you will be able to access a version of the site. Use the menu icon to login and navigate. Not all desktop site functionality is available as many of the legacy pages do not adapt easily to the smartphone format. I will be enhancing the functionality as time and life permit. Please let me know of any defects you would like addressed.

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 09/24/18
List	Breakouts	Avg. Gain
CWH	1	5.3
SQZ	5	4.15
HTF		0
HSB		0
DB	1	3.31

Breakouts Detail for Week Beginning 09/24/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-09-27	BCOR	SQZ	y	36.81	37.05	90	40.25	9.35%	3.78%
2018-09-27	CEO	CWH	n	187.59	193.08	87	197.54	5.3%	3.9%
2018-09-26	GMED	SQZ	y	54.66	56.02	88	56.76	3.84%	0.68%
2018-09-26	AMOT	SQZ	y	52.42	52.62	93	54.43	3.83%	0.23%
2018-09-26	LOXO	DB	n	165.35	171.75	93	170.83	3.31%	2.76%
2018-09-26	TGLS	SQZ	y	9.53	9.65	81	9.83	3.15%	3.57%
2018-09-26	PLNT	SQZ	y	53.73	54.16	94	54.03	0.56%	0.06%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday September 28, 2018
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
NDLS	12.55	798,458	Noodles & Company - Common Stock	Restaurants	97	12.10
XOXO	34.63	411,750	XO Group - Inc. Common Stock	Specialty Retail - Other	95	34.48
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	26458.3	-1.07%	7.04%	Up
NASDAQ	8046.35	0.74%	16.56%	Up
S&P 500	2913.98	-0.54%	8.99%	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
NASDAQ Composite	Dow Jones 7.14 %	NASDAQ Composite 17.12 %	NASDAQ Composite 16.56 %

Best Performing Industry (by average technical score over each period)
1 Week	3 Weeks	13 Weeks	26 Weeks
Auto Parts Stores	Internet Service Providers	Auto Parts Stores	Auto Parts Stores

Most Improved Industry (by change in technical rank²)
Computer Based Systems 193	Computer Based Systems 195	Computer Based Systems 201	Basic Materials Wholesale 177
Charts of each industry rank and performance over 12 months are available on the site

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