Breakoutwatch Weekly Summary 10/13/18

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
Hammer Doji Suggests Possible Reversal, be Patient Until at Least Monday's Close The NASDAQ Composite fell 3.7% this week but appeared on Friday to find support at just below the 200 day average level although it closed barely under that level (7496.89 versus 7497.85). Friday's trading suggested a "Hammer Doji" candlestick pattern. "The Hammer candlestick formation is viewed as a bullish reversal candlestick pattern that mainly occurs at the bottom of downtrends." - (OnLine Trading Concepts). The pattern is considered bullish as it implies sellers are exhausted and buyers (or short coverers) have entered the market. The reversal may be confirmed if Monday's trading continues the upward trend, so be patient until Monday's close. Our market trend signal has been negative all week and to be really conservative I suggest waiting until that signal reverses before re-entering the market. Many explanations have been given for the downturn that accelerated on Wednesday but Barry Ritholz may have the likeliest answer here. Needless to say, this was not a happy week for breakout stocks. Of the 4, only one, RDNT, remains barely 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 10/08/18
List	Breakouts	Avg. Gain
CWH	3	0.5
SQZ	1	-4.96
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 10/08/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-10-12	RDNT	CWH	n	15.31	15.62	82	15.62	2.02%	0.26%
2018-10-12	XOXO	CWH	n	34.63	34.79	94	34.79	0.46%	-0.46%
2018-10-12	EPM	CWH	n	11.16	11.05	92	11.05	-0.99%	-2.42%
2018-10-12	EHTH	SQZ	y	29.45	27.99	94	27.99	-4.96%	-7.64%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday October 12, 2018
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
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	25340	-4.19%	2.51%	Down
NASDAQ	7496.89	-3.74%	8.6%	Down
S&P 500	2767.13	-4.1%	3.5%	Down
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 -4.21 %	NASDAQ Composite 5.49 %	NASDAQ Composite 8.6 %

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

Most Improved Industry (by change in technical rank²)
Gold 117	Foreign Utilities 211	Foreign Utilities 210	REIT - Healthcare Facilities 189
Charts of each industry rank and performance over 12 months are available on the site

If you received this newsletter from a friend and you would like to receive it regularly please go to the BreakoutWatch.com site and you will then be able to register to receive the newsletter.

Copyright (c) 10/13/2018 NBIcharts, LLC dba BreakoutWatch.com. All rights reserved.
" BreakoutWatch," the BreakoutWatch.com "eye" logo, and the slogan "tomorrow's breakouts today" are service marks of NBIcharts LLC. All other marks are the property of their respective owners, and are used for descriptive purposes only.

BreakoutWatch is not affiliated with Investor's Business Daily or with Mr. William O'Neil. Our site, research and analysis is supported entirely by subscription and is free from advertising.