Breakoutwatch Weekly Summary 01/05/19

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Contents
New Features this Week
Strategy Suggestions
Breakouts Summary
Breakouts Detail
Breakdowns Summary
Breakdowns Detail
Top Cup and Handle Chart Pattern Stocks
Breakouts Index
Best Performing Index
Best Performing Industry
Most Improved Industry

Weekly Commentary
Trend Indicators Still Negative as Volatility Constrains Long and Short Position Breakouts

Despite a winning week for the NASDAQ our trend indicators remain negative even though Friday delivered a 4.3% gain on above average volume. This followed a 2% loss on Thursday, also on above average volume. Volume earlier in the week was also low due to the holidays and so the indicator remains unconvinced that an upward trend is in place. Nevertheless, Friday's strong jobs report and moderating comments from Fed Chairman Powell may lead investors to believe that Christmas Eve marked the bottom of the current correction.

The markets are not clear of concerns over a global recession, led by China, and domestic issues may mean we will continue to see high volatility.

Both breakouts and breakdowns failed to deliver satisfying gains as volatility swings whipsawed both long and short positions.


NASDAQ Chart

New Features

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 12/31/18
List Breakouts Avg. Gain
CWH 1 -0.11
SQZ 6 2.57
HTF
0
HSB
0
DB
0
Breakouts Detail for Week Beginning 12/31/18
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-01-03 BSBR SQZ y 12.17 12.39 96 12.8 5.18% 6.08%
2019-01-04 ARCO SQZ y 8.08 8.37 89 8.37 3.59% 4.33%
2019-01-04 BRG SQZ y 9.55 9.89 90 9.89 3.56% 4.4%
2019-01-04 RBA SQZ y 33.51 34.13 81 34.13 1.85% 2.57%
2019-01-02 AEH SQZ y 25.17 25.33 82 25.41 0.95% 1.19%
2019-01-03 AEH SQZ y 25.34 25.44 84 25.41 0.28% 0.51%
2019-01-02 CIVI CWH n 17.65 17.66 92 17.63 -0.11% 0.23%
*RS Rank on day before breakout.
Breakdowns Summary by Watchlist for Week Beginning 12/17/18
List Breakdowns Avg. Gain
HST 3
-0.67%
SS 3 2.00%
Breakdown Detail by Watchlist for Week Beginning 12/31/18
B'down Date Symbol Base B'down Price B'down Day Close B'down Vol % ADV B'Down Day % Gain Last Close Gain % at Last Close Gain % at Intraday Low
01/04/19 BGNE SS 128.30 127.86 180.3 0.3 % 127.86 0.3 % 6.4 %
01/04/19 NNN HS 47.89 47.81 114.4 0.2 % 47.81 0.2 % 0.6 %
01/03/19 BGNE SS 129.99 128.30 474.6 1.3 % 127.86 1.7 % 20.4 %
01/03/19 SAVE HS 54.77 53.96 104.7 1.5 % 56.1 -2.4 % 4.3 %
01/02/19 SMAR SS 24.56 24.21 189.3 1.4 % 23.62 4 % 10.3 %
01/02/19 NNN HS 47.89 47.29 142.8 1.3 % 47.81 0.2 % 1.9 %
Top Rated Cup and Handle Stocks as of Friday January 04, 2019
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 23433.2
1.61% 0.45% Down
NASDAQ 6738.86
2.34% 1.56% Down
S&P 500 2531.94
1.86% 1% 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
-11.4 %
Dow Jones
-4.18 %
NASDAQ Composite
1.56 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Foreign Utilities
Foreign Utilities
Foreign Utilities
Auto Parts Stores
Most Improved Industry (by change in technical rank2)
Long-Term Care Facilities
79
Aerospace/Defense - Major Diversified
81
Synthetics
197
Synthetics
212
Charts of each industry rank and performance over 12 months are available on the site

 

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