Breakoutwatch Weekly Summary 12/08/18

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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 Likely to Test Support at 6830 (Neg. 15.8%) The negative trend continues as technology stocks, led by Apple (-20%), contribute to the NASDAQ losing 4.9% week-on-week, the most of the major indexes. The sharp decline came despite an accumulation day on Thursday as it appeared the Fed may postpone a December rate increase. Gloom returned on Friday after a disappointing jobs report. Principal factors weighing on the markets are the uncertainty of trade negotiations with China (exacerbated by the arrest of Huawei Technologies' CFO) and a flattening of the yield curve as the 2-yr and 3-yr Treasury yields closed higher than the 5-yr. In this climate, it is likely that we will see the NASDAQ test the next support level at 6830, a decline of 15.8% from the October high. Unsurprisingly, there were few breakouts this week and gains by Friday's close were small to non-existent. I strongly suggest not opening any long positions until a solid reversal is established. as indicated by our trend indicators.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 12/03/18
List	Breakouts	Avg. Gain
CWH	4	-0.67
SQZ	3	-2.35
HTF		0
HSB		0
DB	2	-1.59

Breakouts Detail for Week Beginning 12/03/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-12-04	RH	DB	n	132.52	137.13	94	137.02	3.4%	12.09%
2018-12-03	NHI	SQZ	y	77.99	78.78	80	80.45	3.15%	3.27%
2018-12-03	ESL	SQZ	y	118.74	120.91	97	121.74	2.53%	2.75%
2018-12-04	MKTX	CWH	n	220.58	221.99	83	224.73	1.88%	2.04%
2018-12-04	ETR	CWH	y	87.85	88.98	82	88.46	0.69%	1.8%
2018-12-04	RCI	CWH	n	53.92	54.03	83	53.53	-0.72%	1.69%
2018-12-03	ALLE	CWH	n	92.89	93.1	81	88.67	-4.54%	1.52%
2018-12-03	PTC	DB	n	89.67	90.35	79	83.78	-6.57%	1.8%
2018-12-03	DCI	SQZ	y	56.05	56.68	87	48.92	-12.72%	2.25%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday December 07, 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	24388.9	-4.5%	-1.34%	Down
NASDAQ	6969.25	-4.93%	0.95%	Down
S&P 500	2633.08	-4.6%	-1.52%	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 -5.89 %	Dow Jones -3.66 %	NASDAQ Composite 0.95 %

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)
Pollution & Treatment Controls 55	Synthetics 211	Synthetics 211	Synthetics 213
Charts of each industry rank and performance over 12 months are available on the site

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