Breakoutwatch Weekly Summary 05/25/19
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.
| NASDAQ Teeters on Bearish Head and
Shoulders Top Completion This week our trend indicators remained negative and the NASDAQ narrowly missed completing the bearish head and shoulder top we wrote about last week. As the chart shows, the index touched the neckline on Thursday but did not fall through it, which would have completed the bearish pattern. Technology stocks were hurt by fears that China could retaliate against the sector following threats against Huawei. The NASDAQ Lost 2.3%, significantly under performing both the S&P 500 (-1.2%) and the DJI (-0.7%).  I had a question from a subscriber
asking why we send out email alerts for long position stocks
when our market signals are negative. The answer is that even in
a down trend some stocks will make significant breakouts. While
the overall number of breakouts was down, there were still
several that made gains.
|
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 5 | 3.92 |
| SQZ | 5 | 4.01 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 1 | -1.68 |
| Brkout Date | Symbol | Base | Squeeze | Brkout Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2019-05-21 | PDVW | SQZ | y | 41.51 | 43.02 | 88 | 49.7 | 19.73% | 22.84% |
| 2019-05-24 | TSS | CWH | y | 102.67 | 113.45 | 82 | 113.45 | 10.5% | 14.39% |
| 2019-05-24 | ARWR | CWH | n | 22.74 | 24.03 | 98 | 24.03 | 5.67% | 6.86% |
| 2019-05-23 | CPRT | CWH | n | 67.54 | 69.94 | 86 | 70.99 | 5.11% | 7.36% |
| 2019-05-24 | NVS | SQZ | y | 84.45 | 87.52 | 85 | 87.52 | 3.64% | 4.72% |
| 2019-05-24 | ACC | SQZ | y | 46.65 | 47.34 | 85 | 47.34 | 1.48% | 2.27% |
| 2019-05-21 | OGE | SQZ | y | 42.34 | 42.77 | 82 | 42.93 | 1.39% | 2.41% |
| 2019-05-23 | GIS | CWH | n | 53.00 | 53.43 | 90 | 52.81 | -0.36% | 1.25% |
| 2019-05-21 | CPTA | CWH | n | 9.00 | 9.09 | 83 | 8.88 | -1.33% | 2.33% |
| 2019-05-21 | MNRO | DB | n | 83.96 | 84.07 | 86 | 82.55 | -1.68% | 2.19% |
| 2019-05-20 | CMLS | SQZ | y | 18.39 | 18.49 | 88 | 17.25 | -6.2% | 4.13% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| NGL | 15.10 | 978,366 | NGL Energy Partners LP | Oil & Gas Refining & Marketing | 96 | 14.60 |
| VSLR | 7.37 | 1,150,402 | Vivint Solar, Inc. | Semiconductor - Specialized | 95 | 6.78 |
| GPRO | 7.65 | 6,432,592 | GoPro, Inc | Photographic Equipment & Supplies | 91 | 7.20 |
| KIM | 18.64 | 5,308,900 | Kimco Realty Corporation | REIT - Retail | 88 | 18.18 |
| RESI | 11.93 | 641,236 | Front Yard Residential Corporation | REIT - Residential | 85 | 11.63 |
| NUAN | 18.16 | 2,748,882 | Nuance Communications, Inc. | Application Software | 81 | 17.61 |
| ARCC | 18.07 | 2,276,854 | Ares Capital Corporation | Diversified Investments | 80 | 17.88 |
| BSMX | 8.74 | 3,402,813 | Banco Santander (México), S.A. | Foreign Regional Banks | 80 | 7.46 |
| 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 | 25585.7 |
-0.69% | 9.68% | Down |
| NASDAQ | 7637.01 |
-2.29% | 15.1% | Down |
| S&P 500 | 2826.06 |
-1.17% | 12.73% | 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 1.45 % |
NASDAQ Composite 10.06 % |
NASDAQ Composite 15.1 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Personal Computers |
Personal Computers |
Foreign Utilities |
Auto Parts Stores |
| Cement 77 |
Photographic Equipment & Supplies 107 |
Photographic Equipment & Supplies 149 |
Music & Video Stores 191 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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