Breakoutwatch Weekly Summary 10/27/18

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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
Stay on the Sidelines until Upward Trend Returns This was a terrible week for stocks in general and breakouts in particular. The only breakout that we counted in the black (HQOL) was in fact a takeover candidate (see explanation below). While our market trend signals continue to point down, I suggest avoiding any attempt to buy into a potential breakout on our Long Position watchlists. Even trying to short stocks on our short position watchlist in this market is dangerous as a sudden reversal can trigger short covering leaving the unwary exposed to having to cover the short for a loss. For a potential explanation (there's not just one) of why the markets have turned south, Briefing.com has some suggestions. Our algorithm can unfortunately perceive takeover candidates as a cup and handle or high tight flag pattern. Takeover candidates are rarely going to move significantly higher so they should be ignored in our watchlists. To identify them, look at the chart pattern. A takeover candidate will appear similarly to that of HQCL shown below. The handle will be flat as the price oscillates around the takeover price. Data Feed Gremlins Our daily data feeds experienced some glitches towards the end of this week. I'm working to ensure that these don't recur this week.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 10/22/18
List	Breakouts	Avg. Gain
CWH	4	-5.78
SQZ	1	-3.63
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 10/22/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-10-25	HQCL	CWH	n	8.55	9.66	86	9.66	12.98%	12.75%
2018-10-25	RDNT	CWH	n	15.31	15.11	82	15.11	-1.31%	-2.81%
2018-10-25	EHTH	SQZ	y	29.45	28.38	94	28.38	-3.63%	-7.64%
2018-10-25	EPM	CWH	n	11.16	10.18	92	10.18	-8.78%	-11.74%
2018-10-25	NDLS	CWH	n	12.55	9.29	96	9.285	-26.02%	-26.06%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Thursday October 25, 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	24688.3	-2.97%	-0.13%	Down
NASDAQ	7167.21	-3.78%	3.82%	Down
S&P 500	2658.69	-3.94%	-0.56%	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 -3 %	Dow Jones 1.55 %	NASDAQ Composite 3.82 %

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

Most Improved Industry (by change in technical rank²)
Music & Video Stores 165	Music & Video Stores 197	Music & Video Stores 216	Music & Video Stores 216
Charts of each industry rank and performance over 12 months are available on the site

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