Breakoutwatch Weekly Summary 10/20/18

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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 Falls after an Early "Follow Through Day" The NASDAQ closed the week 0.6% below last Friday's close, held back by weakness in the tech sector compared to financials and health-care that allowed a modest rise in the DJI (0.4%). The S&P 500 was flat. Last week I cautioned that last Friday's bullish Hammer Doji needed a higher close on Monday of this week to be confirmed as a true reversal signal. That didn't happen but Tuesday produced a gap up and a 1% higher close than the previous day. This could be considered an early "follow through day" (day 3 rather than day 4). Wednesday started well with a higher open but release of the FOMC minutes in the afternoon caused a reassessment and the bears dominated the market through to Friday's close, which was below the 200 day moving average. The FOMC minutes confirmed that the Fed would continue to gradually raise rates which is potentially bearish for stocks. Attempted breakouts mostly failed this week. Our Trend Indicators for the major indexes remain bearish so the prospects for positive breakouts remains bleak.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 10/15/18
List	Breakouts	Avg. Gain
CWH	4	-0.89
SQZ	1	3.7
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 10/15/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-10-19	EHTH	SQZ	y	29.45	30.54	94	30.54	3.7%	2.78%
2018-10-19	RDNT	CWH	n	15.31	15.29	82	15.29	-0.13%	-0.59%
2018-10-19	EPM	CWH	n	11.16	11.12	92	11.12	-0.36%	-0.63%
2018-10-19	HCKT	CWH	n	20.11	19.86	88	19.86	-1.24%	-1.69%
2018-10-19	NDLS	CWH	n	12.55	12.32	96	12.32	-1.83%	-2.95%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday October 19, 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	25444.3	0.41%	2.93%	Down
NASDAQ	7449.03	-0.64%	7.9%	Down
S&P 500	2767.78	0.02%	3.52%	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
Dow Jones	Dow Jones -4.75 %	NASDAQ Composite 4.24 %	NASDAQ Composite 7.9 %

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

Most Improved Industry (by change in technical rank²)
Advertising Agencies 138	Foreign Utilities 209	Tobacco Products - Other 208	REIT - Healthcare Facilities 195
Charts of each industry rank and performance over 12 months are available on the site

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