Breakoutwatch Weekly Summary 12/01/18
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.
| Increased Volatility Favored
Volatility Squeeze Breakouts The best performing breakouts came from our Volatility Squeeze pattern this week closing with an average gain of 4.34% and none of them closing on Friday for a loss. These results came as the NASDAQ composite had a very strong week gaining 6.2%, almost doubling the performance of the other two major indexes. Reports of strong Black Friday and Cyber Monday sales fueled the action starting on Monday but the index really took flight on Wednesday in response to Fed Chairman Powell saying that interest rates were just below neutral. Although the market still expects a further 0.25% rate increase in December, a neutral result would likely be very positive for the markets. The NASDAQ chart shows the 50 day average crossed below the 200 day average on Monday which should have been a bearish signal but as we see, the market took a more positive view. Strong volume levels on Wednesday and Friday delivered a couple of accumulation days.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 11 | 1.88 |
| SQZ | 9 | 4.34 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 3 | -0.71 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-11-26 | ZEN | SQZ | y | 53.11 | 54.16 | 82 | 59.41 | 11.86% | 13.14% |
| 2018-11-30 | OCUL | SQZ | y | 6.07 | 6.66 | 81 | 6.66 | 9.72% | 13.34% |
| 2018-11-30 | FATE | SQZ | y | 14.11 | 15.36 | 97 | 15.36 | 8.86% | 14.72% |
| 2018-11-27 | ELP | CWH | n | 7.65 | 8.2 | 96 | 8.3 | 8.5% | 10.84% |
| 2018-11-29 | LFVN | CWH | y | 12.75 | 13.34 | 98 | 13.42 | 5.25% | 12.78% |
| 2018-11-27 | GFA | CWH | n | 7.43 | 7.81 | 84 | 7.8 | 4.98% | 7.27% |
| 2018-11-28 | RUN | SQZ | y | 14.12 | 14.53 | 97 | 14.65 | 3.75% | 4.33% |
| 2018-11-28 | EEFT | DB | y | 115.19 | 117.67 | 94 | 117.61 | 2.1% | 5.6% |
| 2018-11-26 | MPX | SQZ | y | 21.31 | 21.67 | 94 | 21.74 | 2.02% | 4.32% |
| 2018-11-30 | PFE | SQZ | y | 45.52 | 46.23 | 91 | 46.23 | 1.56% | 1.63% |
| 2018-11-30 | PEP | CWH | n | 120.28 | 121.67 | 82 | 121.67 | 1.16% | 0.69% |
| 2018-11-30 | AIV | CWH | n | 46.66 | 47.09 | 84 | 47.09 | 0.92% | 1.09% |
| 2018-11-27 | MITL | SQZ | y | 11.08 | 11.09 | 85 | 11.15 | 0.63% | 0.72% |
| 2018-11-30 | CIM | SQZ | y | 19.09 | 19.19 | 82 | 19.19 | 0.52% | 0.52% |
| 2018-11-30 | LTC | CWH | n | 46.26 | 46.44 | 80 | 46.44 | 0.39% | 0.67% |
| 2018-11-30 | SUI | CWH | n | 103.85 | 104.1 | 82 | 104.1 | 0.24% | 0.26% |
| 2018-11-28 | PRGX | SQZ | y | 9.32 | 9.42 | 84 | 9.33 | 0.11% | 2.52% |
| 2018-11-30 | MDLZ | CWH | n | 44.95 | 44.98 | 80 | 44.98 | 0.07% | 0.33% |
| 2018-11-30 | ES | CWH | n | 68.31 | 68.34 | 86 | 68.34 | 0.04% | 0.12% |
| 2018-11-30 | RSG | CWH | n | 77.33 | 77.34 | 86 | 77.34 | 0.01% | 0.17% |
| 2018-11-28 | BXMT | CWH | n | 35.42 | 35.44 | 86 | 35.1 | -0.9% | 0.79% |
| 2018-11-29 | VEEV | DB | n | 98.28 | 98.69 | 94 | 96.21 | -2.11% | 3.16% |
| 2018-11-28 | VEEV | DB | n | 98.28 | 104.8 | 90 | 96.21 | -2.11% | 3.16% |
| *RS Rank on day before breakout. | |||||||||
| 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 |
||||||
| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 25538.5 |
5.16% | 3.31% | Down |
| NASDAQ | 7330.54 |
5.64% | 6.19% | Down |
| S&P 500 | 2760.16 |
4.85% | 3.24% | 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
Dow Jones -1.64 % |
Dow Jones 3.67 % |
NASDAQ Composite 6.19 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Foreign Utilities |
Foreign Utilities |
Auto Parts Stores |
Auto Parts Stores |
| Computers Wholesale 68 |
Synthetics 211 |
Synthetics 210 |
Synthetics 211 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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