Breakoutwatch Weekly Summary 05/18/19
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.
| Market Signals Turn Negative;
NASDAQ forms Possible Head and Shoulders Top Tariff retaliation by China sent the indexes sharply lower on Monday and caused our market signals for the NASDAQ and S&P 500 to turn negative, joining the DJI signal that had already turned down on May 9. The NASDAQ ended the week below its 50 day moving average for a loss of 1.3%. History tells us that there are fewer breakouts when the signals are negative so extra caution is advisable. Adding to the negative technical information, the chart shows that the NASDAQ could be forming a bearish head and shoulders top. The pattern would be confirmed should the index fall below the neckline at approximately 7600. The support level just below that is the 200 day moving average.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 7 | 4.67 |
| SQZ | 3 | 4.31 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2019-05-13 | GRVY | CWH | y | 68.75 | 77.67 | 98 | 86.7 | 26.11% | 29.16% |
| 2019-05-14 | FRO | CWH | n | 8.30 | 8.47 | 96 | 9.01 | 8.55% | 12.29% |
| 2019-05-15 | FRO | SQZ | y | 8.48 | 8.99 | 97 | 9.01 | 6.25% | 9.91% |
| 2019-05-17 | MRTX | SQZ | y | 70.58 | 73.91 | 95 | 73.91 | 4.72% | 5.6% |
| 2019-05-16 | FATE | SQZ | y | 18.38 | 19.55 | 97 | 18.74 | 1.96% | 9.03% |
| 2019-05-16 | WDAY | CWH | n | 208.33 | 212 | 94 | 210.38 | 0.98% | 2.71% |
| 2019-05-17 | SFE | CWH | n | 11.97 | 12.03 | 81 | 12.03 | 0.5% | 2.67% |
| 2019-05-16 | ARES | CWH | n | 25.95 | 26 | 89 | 25.92 | -0.12% | 1.77% |
| 2019-05-15 | WMGI | CWH | n | 32.06 | 32.34 | 89 | 31.83 | -0.72% | 1.97% |
| 2019-05-16 | GBT | CWH | y | 60.12 | 60.79 | 91 | 58.57 | -2.58% | 3.96% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| VHC | 6.90 | 647,928 | VirnetX Holding Corp | Internet Software & Services | 98 | 6.40 |
| PACB | 7.50 | 1,985,722 | Pacific Biosciences of California - Inc. | Biotechnology | 97 | 7.23 |
| CECO | 19.87 | 734,175 | Career Education Corporation | Education & Training Services | 93 | 18.11 |
| VSLR | 7.33 | 1,127,043 | Vivint Solar - Inc. | Semiconductor - Specialized | 93 | 6.34 |
| GPRO | 7.65 | 6,375,190 | GoPro - Inc. | Photographic Equipment & Supplies | 89 | 7.06 |
| MRT | 11.23 | 613,036 | MedEquities Realty Trust - Inc. | Restaurants | 86 | 11.03 |
| KIM | 18.64 | 5,123,538 | Kimco Realty Corporation | REIT - Retail | 86 | 18.09 |
| REPH | 9.58 | 829,028 | Recro Pharma - Inc. | Biotechnology | 85 | 8.99 |
| BSMX | 8.74 | 3,188,919 | Banco Santander | Foreign Regional Banks | 85 | 7.75 |
| WSC | 14.66 | 914,466 | WillScot Corporation | Rental & Leasing Services | 85 | 14.22 |
| 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 | 25764 |
-0.69% | 10.44% | Down |
| NASDAQ | 7816.28 |
-1.27% | 17.8% | Down |
| S&P 500 | 2859.53 |
-0.76% | 14.07% | Down |
|
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 |
NASDAQ Composite 4.6 % |
NASDAQ Composite 7.84 % |
NASDAQ Composite 17.8 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Personal Computers |
Personal Computers |
Foreign Utilities |
Auto Parts Stores |
| Photographic Equipment & Supplies 66 |
Photographic Equipment & Supplies 126 |
Photographic Equipment & Supplies 159 |
Synthetics 212 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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