Breakoutwatch Weekly Summary 03/09/19

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.

Weekly Commentary
Economic Outlook Stymies New Breakouts The NASDAQ Composite slipped 1.6% compared to last Friday's close as signs of slowing economic growth led traders to question the underlying strength of the recent recovery. Slowing economic growth at home and abroad, particularly in Europe and China, combined with continued uncertainty about a US-China trade deal, led to profit taking beginning on Monday and continued throughout the week. Surprising low job growth figures, just 20,000 new jobs in February, caused a sell-off early on Friday.The NASDAQ did recover from its lows but still closed for a loss. Failure to hold above the 200 day moving average introduced a bearish technical factor in addition to the weakening economic situation. The result was that there were far fewer breakouts this week, just 7 compared to 26 last week. Although our trend indicator remains positive, clearly there are doubts about the direction the market is taking. The next technical support level is at the 50 day moving average, just 3% below Friday's close.

New Features this Week
No new features this week

Strategy Suggestions

Our latest strategy suggestions are here.

Since issuing our first emails of stocks meeting our new Buy at Open strategy criteria on February 19, our picks have hit a headwind as the market went from flat to negative. Six stocks could not be bought at the next open as they opened below the previous day's breakout price (BoP). The remainder were stopped out using the upper true range value from the previous day, as the strategy provides for, but only one, JKS, showed a profit.

Brkout Date	Symbol	BoP	Buy Date	Buy Price	Sell Date	Sell Price	Profit	Comment
2/19/19	JKS	16.99	2/20/19	18.9	3/4/19	19.74	4.44	Stopped out
2/22/19	SCS	17.55	2/25/19	17.65	2/26/19	17.43	-1.25	Stopped out
2/25/19	SPWH	6.31	2/26/19	6.46	3/1/19	6.26	-3.1	Stopped out
2/25/19	FIT	6.73	2/26/19	6.5	N/A	0	0	Next Open below BoP
2/26/19	TBIO	9.94	2/27/19	9.8	N/A	0	0	Next Open below BoP
2/27/19	CIO	12.19	2/28/19	10.96	N/A	0	0	Next Open below BoP
2/28/19	ACRE	15.34	3/1/19	15.34	3/7/19	15.04	-1.96	Stopped out
3/1/19	REPH	9.28	3/4/19	9.77	3/6/19	9.33	-4.5	Stopped out
3/1/19	RUN	16.03	3/4/19	16.1	3/5/19	16.1	0	Stopped out
3/4/19	AMRC	17	3/5/19	17.4	3/6/19	16.69	-4.08	Stopped out
3/4/19	EFC	17.48	3/5/19	17.3	N/A	0	0	Next Open below BoP
3/5/19	STRL	15.15	3/6/19	14.28	N/A	0	0	Next Open below BoP
3/5/19	MAG	10.17	3/6/19	9.55	N/A	0	0	Next Open below BoP

Breakouts Summary by Watchlist for Week Beginning 03/04/19
List	Breakouts	Avg. Gain
CWH	5	1.74
SQZ	2	0.81
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 03/04/19
Brkout Date	Symbol	Base	Squeeze	Brkout Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2019-03-08	UPLD	CWH	n	35.60	39.91	84	39.91	12.11%	12.42%
2019-03-07	PNM	CWH	n	44.93	44.94	85	45.86	2.07%	2.16%
2019-03-07	DLTR	SQZ	y	100.36	103.16	85	102.4	2.03%	3.82%
2019-03-08	WBC	CWH	n	142.00	142.59	86	142.59	0.42%	3.17%
2019-03-04	REPH	SQZ	y	9.43	9.55	95	9.39	-0.42%	9.44%
2019-03-05	CCK	CWH	n	55.38	55.55	85	54.62	-1.37%	0.99%
2019-03-04	AMRC	CWH	n	17.00	17.27	94	16.23	-4.53%	6.18%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday March 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	25450.2	-2.23%	9.1%	Up
NASDAQ	7408.14	-1.59%	11.65%	Up
S&P 500	2743.07	-1.78%	9.42%	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	NASDAQ Composite 4.35 %	Dow Jones -1.8 %	NASDAQ Composite 11.65 %

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)
Lodging 49	Healthcare Information Services 67	Music & Video Stores 178	Music & Video Stores 214
Charts of each industry rank and performance over 12 months are available on the site

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