Breakoutwatch Weekly Summary 02/09/19

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
Cup and Handle Breakout Strength Continues; New Strategies Under Development The cup and handle pattern continued to dominate the number of breakouts this week with 14 out of the 22 confirmed. The average gain of 2.75% by week's close was quite strong considering the profit taking which began on Wednesday. The strongest performer, UBNT, with a 10% gain was unfortunately hard to buy as it gapped up 6.5% above the pivot on Friday. The NASDAQ Composite gained 0.5% this week compared to last Friday's close but the chart shows buyers waning in the latter part of the week as the index failed to push through the 200 day moving average on Tuesday and Wednesday. Profit taking ensued as Britain and the EU lowered 2019 growth targets and German industrial production fell. Lower volume on Friday shows that confidence in the rally may be eroding.

New Features this Week
No new features this week

Strategy Suggestions

New Strategies Under Development

Following an email from a subscriber who was using the Cup and Handle backtest tool and discovered some new strategies, I am in the process of rewriting our strategy suggestions. These will be available in next weeks newsletter.

In the interim I've written a short analysis of the actual returns for 2018 and compared them to what might have been achieved. The results are:

	2018 Strategy Results	2018 Strategy Results (Revised Suggestions)
Buy on Breakout Alert	27.5%	324%
Buy on Confirmed Breakout	12.9%	51%

Read the Analysis of Cup and Handle Trading Results for 2018

Breakouts Summary by Watchlist for Week Beginning 02/04/19
List	Breakouts	Avg. Gain
CWH	14	2.75
SQZ	7	0.17
HTF		0
HSB		0
DB	1	-0.06

Breakouts Detail for Week Beginning 02/04/19
Brkout Date	Symbol	Base	Squeeze	Brkout Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2019-02-08	UBNT	CWH	n	113.10	124.53	94	124.53	10.11%	13.92%
2019-02-06	CLF	CWH	n	10.93	11.07	89	11.83	8.23%	12.17%
2019-02-08	EEFT	CWH	n	118.25	126.57	92	126.57	7.04%	9.37%
2019-02-08	IRBT	SQZ	y	98.05	104.17	89	104.17	6.24%	10.35%
2019-02-08	PMT	CWH	n	20.49	21.32	86	21.32	4.05%	4.1%
2019-02-08	RNG	CWH	n	97.40	100.9	95	100.9	3.59%	3.77%
2019-02-05	FIT	CWH	n	6.28	6.35	84	6.49	3.34%	3.66%
2019-02-07	TRNO	CWH	n	40.60	42.54	81	41.59	2.44%	5.17%
2019-02-08	KTOS	CWH	n	16.09	16.45	93	16.45	2.24%	2.27%
2019-02-06	BSX	CWH	n	38.38	38.77	89	39.19	2.11%	2.21%
2019-02-08	BKH	CWH	n	68.09	69.43	89	69.43	1.97%	3.17%
2019-02-05	HZNP	CWH	y	22.66	23.23	95	22.9	1.06%	6.05%
2019-02-05	GPRK	SQZ	y	17.29	18.38	90	17.46	0.98%	12.09%
2019-02-08	TRIP	SQZ	y	58.68	59.2	91	59.2	0.89%	2.13%
2019-02-05	LII	SQZ	y	232.49	235.07	84	233.22	0.31%	2.8%
2019-02-04	CLX	DB	n	155.76	158.38	82	155.66	-0.06%	3.59%
2019-02-05	SVVC	SQZ	y	14.24	14.93	90	14.1	-0.98%	6.88%
2019-02-04	CCJ	CWH	n	12.47	12.78	87	12.34	-1.04%	4.57%
2019-02-04	BSTC	CWH	n	68.00	68.46	95	67.22	-1.15%	3.31%
2019-02-05	ETSY	SQZ	y	54.75	55.44	98	53.15	-2.92%	10.65%
2019-02-05	SBH	SQZ	y	18.18	18.84	85	17.57	-3.36%	11.11%
2019-02-06	NIO	CWH	n	8.11	8.4	89	7.67	-5.43%	5.92%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday February 08, 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	25106.3	0.17%	7.63%	Up
NASDAQ	7298.2	0.47%	9.99%	Up
S&P 500	2707.88	0.05%	8.02%	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
NASDAQ Composite	NASDAQ Composite -3.4 %	Dow Jones -0.82 %	NASDAQ Composite 9.99 %

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)
Research Services 73	Music & Video Stores 215	Synthetics 212	Music & Video Stores 215
Charts of each industry rank and performance over 12 months are available on the site

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