Breakoutwatch Weekly Summary 01/26/19
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.
| Increasing Number of
Confirmed Breakouts Shows Market Confidence Improving Although the NASDAQ Composite gained only 0.1% this week the number of confirmed breakouts rose to 17, after just 7 last week. Persistent doubts over an uncertain U.S-China trade deal, Brexit and the Government shutdown saw selling on Tuesday and Wednesday but the potential damage was limited by support at the 200 day moving average. While two bills to halt the shutdown failed in the Senate on Wednesday, there was sufficient movement by Republicans towards the Democrat's position to provoke optimism that a settlement would soon be reached. Consequently Friday opened strongly and a concession speech by Trump allowed buying pressure to be maintained. The Cup and Handle pattern delivered 16 breakouts with an average gain of 4.5% by Friday's close.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 16 | 4.51 |
| SQZ | 0 | |
| HTF | 0 | |
| HSB | 0 | |
| DB | 1 | 1.78 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2019-01-24 | XLNX | CWH | n | 94.09 | 106.06 | 95 | 110.37 | 17.3% | 17.8% |
| 2019-01-25 | OSIS | CWH | n | 78.18 | 86.06 | 84 | 86.06 | 10.08% | 10.97% |
| 2019-01-23 | GSIT | CWH | n | 8.10 | 8.24 | 90 | 8.86 | 9.38% | 11.11% |
| 2019-01-25 | CGC | CWH | n | 45.20 | 48.48 | 97 | 48.48 | 7.26% | 8.41% |
| 2019-01-25 | NOK | CWH | n | 6.24 | 6.6 | 89 | 6.6 | 5.77% | 6.41% |
| 2019-01-24 | ICPT | CWH | n | 114.80 | 116.45 | 97 | 119.55 | 4.14% | 4.29% |
| 2019-01-25 | HRC | CWH | n | 98.27 | 102.23 | 87 | 102.23 | 4.03% | 7.64% |
| 2019-01-25 | BCRX | CWH | n | 9.45 | 9.72 | 97 | 9.72 | 2.86% | 3.17% |
| 2019-01-24 | AUDC | CWH | n | 12.97 | 13.02 | 97 | 13.32 | 2.7% | 4.86% |
| 2019-01-25 | GLOB | CWH | n | 66.35 | 68.04 | 95 | 68.04 | 2.55% | 3.81% |
| 2019-01-24 | VAR | CWH | n | 127.95 | 128.82 | 89 | 130.96 | 2.35% | 2.44% |
| 2019-01-25 | TXN | DB | n | 102.58 | 104.41 | 72 | 104.41 | 1.78% | 2.23% |
| 2019-01-24 | UNP | CWH | n | 158.80 | 160.34 | 86 | 160.95 | 1.35% | 2.02% |
| 2019-01-25 | FN | CWH | n | 57.01 | 57.76 | 98 | 57.76 | 1.32% | 2.15% |
| 2019-01-24 | KEYS | CWH | n | 70.20 | 70.65 | 93 | 71.07 | 1.24% | 2.32% |
| 2019-01-24 | CATS | CWH | y | 11.00 | 11.25 | 98 | 11.1 | 0.91% | 7.91% |
| 2019-01-24 | AJRD | CWH | n | 39.46 | 39.5 | 95 | 39.04 | -1.06% | 2.86% |
| *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 | 24737 |
0.12% | 6.04% | Up |
| NASDAQ | 7165 |
0.11% | 7.98% | Up |
| S&P 500 | 2665 |
-0.21% | 6.31% | Up |
|
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 |
|---|---|---|---|
| Dow Jones |
S&P 500 -0 % |
Dow Jones -2.81 % |
NASDAQ Composite 7.98 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Foreign Utilities |
Foreign Utilities |
Foreign Utilities |
Auto Parts Stores |
| General Entertainment 40 |
Auto Parts Wholesale 79 |
General Entertainment 143 |
Synthetics 213 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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