Breakoutwatch Weekly Summary 12/15/18

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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
Possible Head and Shoulders Bottom for the NASDAQ The markets suffered another volatile week roiled by uncertainty around economic growth, trade, politics, and the future of interest rates. The NASDAQ lost 0,8%, but fared better than the S&P 500 (-1.2%) and the DJI (-1.3%). In fact the NASDAQ is the only index to be positive for the year, by just 0.1%! Those traders looking for a bottom may find hope in the possibility that the NASDAQ may have formed a head and shoulders bottom, which could be bullish, as shown on the chart. Although the index closed down for the last two days trading for the week, it did so on volumes well below average indicating selling volume may be becoming exhausted. The head and shoulders pattern will only be confirmed, however, when the index rises above the neckline, currently 500 points above Friday's close. This seems a big ask in the current economic and political climate. For an explanation of the Head and Shoulder Bottom pattern go here.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 12/10/18
List	Breakouts	Avg. Gain
CWH	2	3.03
SQZ	6	1.59
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 12/10/18
Brkout Date	Symbol	Base	Squeeze	Brkout Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-12-11	MITK	SQZ	y	9.76	10.16	93	10.41	6.66%	10.14%
2018-12-14	SCG	CWH	n	48.93	50.98	95	50.98	4.19%	4.78%
2018-12-10	OTTR	CWH	y	49.74	49.98	84	50.67	1.87%	4.3%
2018-12-14	CEQP	SQZ	y	31.81	32.3	80	32.3	1.54%	3.49%
2018-12-14	HEP	SQZ	y	30.18	30.62	81	30.62	1.46%	3.48%
2018-12-12	NHTC	SQZ	y	22.57	23.07	89	22.83	1.15%	3.19%
2018-12-14	PLAB	SQZ	y	10.03	10.1	87	10.1	0.7%	1.99%
2018-12-11	EFC	SQZ	y	15.60	15.69	84	15.29	-1.99%	1.54%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday December 14, 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	24100.5	-1.18%	-2.5%	Down
NASDAQ	6910.67	-0.84%	0.11%	Down
S&P 500	2599.95	-1.26%	-2.76%	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 -7.85 %	Dow Jones -3.95 %	NASDAQ Composite 0.11 %

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)
Security & Protection Services 65	Computers Wholesale 83	Foreign Utilities 205	Synthetics 213
Charts of each industry rank and performance over 12 months are available on the site

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