Breakoutwatch Weekly Summary 02/02/19

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.

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
36 Breakouts Confirm Rally is Strong

As the table of confirmed breakouts below shows, there were a near record number of breakouts this week, many of which maintained substantial gains until Friday's close. The cup and handle pattern delivered the most with 22 breakouts followed by the Volatility Squeeze with 11.

The week started slowly but was given new energy on Wednesday by Fed Chairman Powell who said "The case for raising rates has weakened somewhat" and left interest rates unchanged. The result was two successive accumulation days before Friday saw some profit taking, despite a very strong labor market report.

Although the NASDAQ lagged the S&P 500 this week, it remains the strongest of the the three major indexes year to date.

NASDAQ Chart

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 01/28/19
List Breakouts Avg. Gain
CWH 22 3.46
SQZ 11 4.69
HTF
0
HSB
0
DB 3 6.56
Breakouts Detail for Week Beginning 01/28/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-01-31 FLWS CWH n 13.57 15.95 86 16.35 20.49% 24.72%
2019-01-30 NOW CWH n 192.79 194 87 221.51 14.9% 18.48%
2019-01-31 COUP CWH n 80.66 86.96 97 92 14.06% 14.17%
2019-01-30 NIO SQZ y 6.95 7.46 86 7.9 13.67% 16.69%
2019-01-30 MRCY DB n 52.99 58.26 93 58.11 9.66% 14.83%
2019-01-31 CDXS SQZ y 17.70 18.82 96 19.37 9.44% 15.54%
2019-01-28 AGYS SQZ y 16.43 17.88 89 17.92 9.07% 13.57%
2019-01-28 CYBR CWH n 81.88 84.13 96 88.48 8.06% 8.78%
2019-01-31 NIO SQZ y 7.47 7.88 93 7.9 5.76% 8.57%
2019-01-31 MDC SQZ y 31.19 32.93 80 32.83 5.26% 7.31%
2019-01-28 ATAX CWH n 6.29 6.4 83 6.61 5.09% 5.41%
2019-01-29 TDG DB n 374.35 375.72 77 393.23 5.04% 5.64%
2019-01-30 BA DB n 369.00 387.72 81 387.43 4.99% 6.45%
2019-02-01 LPLA CWH n 71.65 75.06 87 75.06 4.76% 7.34%
2019-01-31 FICO CWH n 218.41 225.2 90 228.51 4.62% 4.63%
2019-01-31 MSCI CWH n 166.15 170.27 84 172.9 4.06% 5.03%
2019-01-31 WK CWH n 40.26 41.9 97 41.86 3.97% 6.16%
2019-01-29 LSI SQZ y 95.66 96.76 83 97.9 2.34% 3.42%
2019-01-30 NHC SQZ y 78.82 79.47 88 80.56 2.21% 2.94%
2019-01-31 REGN CWH n 421.99 429.27 92 430.15 1.93% 2.21%
2019-01-31 KIDS CWH y 35.50 36.27 96 36.1 1.69% 6.56%
2019-01-31 AWR SQZ y 65.81 67.72 86 66.9 1.66% 3.25%
2019-01-31 NHC SQZ y 79.48 80.33 88 80.56 1.36% 2.08%
2019-02-01 ERIE CWH n 150.00 152.01 91 152.01 1.34% 1.34%
2019-01-31 ACIW CWH n 29.35 29.56 90 29.56 0.72% 0.99%
2019-02-01 HUBS CWH n 158.66 159.72 95 159.72 0.67% 1.41%
2019-01-31 NCI CWH n 25.74 25.92 91 25.86 0.47% 1.2%
2019-01-31 LII CWH n 228.72 229.28 80 229.78 0.46% 0.97%
2019-01-31 AWK CWH n 94.83 95.67 80 95.21 0.4% 1.38%
2019-01-30 IDTI SQZ y 48.60 48.77 95 48.79 0.39% 0.68%
2019-01-30 CHMI SQZ y 18.52 18.53 86 18.59 0.38% 0.56%
2019-02-01 DNB CWH n 144.79 144.85 85 144.85 0.04% 0.04%
2019-01-31 AEE CWH n 69.03 69.36 86 68.85 -0.26% 0.85%
2019-01-31 BLL CWH n 52.18 52.28 93 52.03 -0.29% 1.82%
2019-01-31 JKS CWH n 16.00 16.66 96 15.15 -5.31% 5.81%
2019-01-29 MCS CWH n 43.67 44.78 96 41.11 -5.86% 4.92%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday February 01, 2019
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
No stocks met 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 25063.9
1.32% 7.44% Up
NASDAQ 7263.87
1.38% 9.47% Up
S&P 500 2706.53
1.57% 7.97% 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.
Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
S&P 500 S&P 500
-0.82 %
Dow Jones
-1.57 %
NASDAQ Composite
9.47 %
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)
Music & Video Stores
213
Music & Video Stores
210
Synthetics
175
Music & Video Stores
214
Charts of each industry rank and performance over 12 months are available on the site

 

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