Breakoutwatch Weekly Summary 03/02/19
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.
Volatility Squeeze Breakouts Average 8.4% Gains The NASDAQ comfortably outperformed the other major indexes with a 0.9% gain. Only the DJI slipped as the markets digested some conflicting economic news. The estimate for Q4 GDP growth (2.6%) was below that of the two previous quarters implying that the economy is slowing. That concern was offset by a rise in consumer confidence and extension of the deadline for imposing higher tariffs in Chinese imports. The NASDAQ is now comfortably above what was resistance at the 200 dma level which now becomes a support level should the market fall.  This was a strong week for breakouts with 20 from the cup and handle pattern and 6 from a Volatility Squeeze. On average the Volatility Squeeze candidates delivered an 8.4% gain. A volatility squeeze occurs when the Keltner Channel falls within the 2 SD Bollinger Band. We put stocks that meet this requirement and have positive and increasing momentum on our Volatility Squeeze watchlist.The best performer this week was ACAD:  |
| No new features this week |
|
Our latest strategy
suggestions are here.
I regret I was not able to make
progress on the new strategies this week due to other
commitments. I hope to make better progress next week.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 20 | 2.26 |
| SQZ | 6 | 8.43 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 0 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2019-02-25 | ETSY | CWH | y | 60.58 | 59.01 | 98 | 72.77 | 20.12% | 21.05% |
| 2019-02-27 | GWPH | CWH | y | 153.64 | 173.99 | 83 | 177.34 | 15.43% | 16.91% |
| 2019-02-27 | ACAD | SQZ | y | 23.57 | 25.53 | 90 | 26.6 | 12.86% | 15.4% |
| 2019-02-25 | NTWK | SQZ | y | 7.15 | 7.33 | 89 | 8.02 | 12.17% | 15.66% |
| 2019-02-26 | NTWK | SQZ | y | 7.34 | 7.42 | 90 | 8.02 | 9.26% | 12.67% |
| 2019-02-28 | COKE | SQZ | y | 229.17 | 247.86 | 93 | 248.2 | 8.3% | 9.94% |
| 2019-02-27 | NTWK | SQZ | y | 7.43 | 7.95 | 91 | 8.02 | 7.94% | 11.31% |
| 2019-02-26 | NOA | CWH | n | 11.60 | 12.36 | 97 | 12.52 | 7.93% | 14.4% |
| 2019-02-25 | HYGS | CWH | n | 8.15 | 8.67 | 90 | 8.7 | 6.75% | 10.06% |
| 2019-03-01 | LYV | CWH | n | 57.40 | 61.04 | 84 | 61.04 | 6.34% | 7.75% |
| 2019-03-01 | DCO | CWH | n | 43.79 | 46.27 | 88 | 46.27 | 5.66% | 7.97% |
| 2019-02-28 | GKOS | CWH | n | 70.41 | 74.17 | 97 | 72.7 | 3.25% | 7.24% |
| 2019-03-01 | FL | CWH | n | 61.36 | 63.07 | 85 | 63.07 | 2.79% | 10.82% |
| 2019-02-28 | CNMD | CWH | n | 76.63 | 76.9 | 80 | 78.76 | 2.78% | 2.98% |
| 2019-02-25 | SSNC | CWH | n | 60.86 | 61.37 | 89 | 62.45 | 2.61% | 3.42% |
| 2019-03-01 | REPH | CWH | n | 9.28 | 9.42 | 92 | 9.42 | 1.51% | 2.64% |
| 2019-02-27 | DKS | CWH | n | 38.55 | 39.38 | 83 | 38.98 | 1.12% | 6.02% |
| 2019-03-01 | AMBC | CWH | n | 20.21 | 20.37 | 80 | 20.37 | 0.79% | 3.96% |
| 2019-02-25 | CWST | CWH | n | 35.58 | 35.79 | 92 | 35.79 | 0.59% | 1.18% |
| 2019-02-26 | AZO | CWH | n | 926.75 | 935 | 87 | 929.32 | 0.28% | 4.06% |
| 2019-03-01 | PNM | CWH | n | 44.71 | 44.79 | 81 | 44.79 | 0.18% | 0.49% |
| 2019-03-01 | CHRS | SQZ | y | 14.35 | 14.36 | 83 | 14.36 | 0.07% | 1.81% |
| 2019-02-26 | CASY | CWH | n | 136.39 | 136.95 | 87 | 134.85 | -1.13% | 1.51% |
| 2019-02-25 | SPWH | CWH | n | 6.31 | 6.51 | 93 | 6.18 | -2.06% | 6.02% |
| 2019-02-25 | OFIX | CWH | n | 66.10 | 67.71 | 86 | 58.98 | -10.77% | 12.62% |
| 2019-02-27 | BOX | CWH | n | 24.79 | 24.88 | 81 | 20.09 | -18.96% | 0.55% |
| *RS Rank on day before breakout. | |||||||||
| 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 |
||||||
| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 26026.3 |
-0.02% | 11.57% | Up |
| NASDAQ | 7595.35 |
0.9% | 14.47% | Up |
| S&P 500 | 2803.69 |
0.39% | 11.84% | 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 |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite 1.91 % |
Dow Jones 0.24 % |
NASDAQ Composite 14.47 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Foreign Utilities |
Foreign Utilities |
Foreign Utilities |
Auto Parts Stores |
| Hospitals 96 |
Diversified Computer Systems 101 |
Music & Video Stores 203 |
Synthetics 210 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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