Breakoutwatch Weekly Summary 06/08/19
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 Surges and Cup and Handle
Breakouts Return Average 6.2% The NASDAQ surged 3.9 this week and the rising tide lifted both cup and handle and Volatility Squeeze breakouts to an average 6.2% and 6.0% respectively. Of the 26 breakouts this week, only one closed with a small loss from its breakout price. The sudden reversal from last week's bearish view came in anticipation of the Fed cutting interest rates rates to offset slowing growth. The turnaround came after FAANG stocks took a hit on Monday following concerns over potential government regulation. These stocks recovered most of their losses by week's end but left the NASDAQ slightly lagging the S&P 500(+4.4%) and DJI(+4.7%). On Friday, after a disappointing jobs report, the markets gapped up as traders anticipated that slowing jobs growth and wage inflation would force the Fed to cut rates at least once this year. Note that despite the week's upturn, our market indicators, which are always lagging, still point downwards.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 10 | 6.24 |
| SQZ | 16 | 5.96 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 2019-06-03 | MRTX | CWH | n | 78.14 | 89.2 | 94 | 99.77 | 27.68% | 29.26% |
| 2019-06-03 | QURE | SQZ | y | 59.32 | 64.64 | 97 | 75.55 | 27.36% | 27.86% |
| 2019-06-04 | QURE | SQZ | y | 64.65 | 70.74 | 98 | 75.55 | 16.86% | 17.32% |
| 2019-06-06 | AMD | SQZ | y | 29.51 | 31.82 | 96 | 32.41 | 9.83% | 10.47% |
| 2019-06-05 | HALL | CWH | n | 12.12 | 12.26 | 85 | 13.27 | 9.49% | 10.31% |
| 2019-06-03 | SPNS | SQZ | y | 15.73 | 15.88 | 95 | 16.88 | 7.31% | 9.35% |
| 2019-06-04 | ECL | SQZ | y | 185.65 | 190.4 | 91 | 198.75 | 7.06% | 7.81% |
| 2019-06-04 | TTEK | CWH | y | 69.25 | 70.97 | 87 | 73.67 | 6.38% | 8.3% |
| 2019-06-04 | ATR | CWH | y | 115.52 | 115.72 | 88 | 121.92 | 5.54% | 6.13% |
| 2019-06-04 | LIN | CWH | n | 189.72 | 191.35 | 86 | 200.05 | 5.44% | 6% |
| 2019-06-05 | GLP | SQZ | y | 20.27 | 20.7 | 90 | 21.35 | 5.33% | 6.66% |
| 2019-06-05 | TTEK | SQZ | y | 70.98 | 74.31 | 90 | 73.67 | 3.79% | 5.66% |
| 2019-06-06 | WNS | SQZ | y | 56.67 | 58.06 | 80 | 58.76 | 3.69% | 5.63% |
| 2019-06-07 | SMPL | SQZ | y | 22.94 | 23.69 | 94 | 23.69 | 3.27% | 5.01% |
| 2019-06-06 | GLP | SQZ | y | 20.71 | 21.39 | 91 | 21.35 | 3.09% | 4.39% |
| 2019-06-03 | UTL | SQZ | y | 56.87 | 57.11 | 85 | 58.47 | 2.81% | 5.13% |
| 2019-06-04 | TFSL | CWH | n | 17.41 | 17.58 | 80 | 17.83 | 2.41% | 3.33% |
| 2019-06-07 | GNRC | SQZ | y | 58.84 | 60.22 | 83 | 60.22 | 2.35% | 2.65% |
| 2019-06-06 | ABM | CWH | n | 38.60 | 39.78 | 88 | 39.36 | 1.97% | 7.09% |
| 2019-06-07 | SPNS | CWH | n | 16.60 | 16.88 | 95 | 16.88 | 1.69% | 3.61% |
| 2019-06-06 | ESNT | SQZ | y | 48.20 | 48.96 | 90 | 48.8 | 1.24% | 2.63% |
| 2019-06-07 | REXR | SQZ | y | 39.04 | 39.49 | 90 | 39.49 | 1.15% | 1.69% |
| 2019-06-03 | XENE | CWH | y | 10.27 | 10.35 | 92 | 10.37 | 0.97% | 10.42% |
| 2019-06-07 | DISH | CWH | y | 36.78 | 37.1 | 82 | 37.1 | 0.87% | 4.59% |
| 2019-06-07 | OAK | SQZ | y | 49.06 | 49.29 | 91 | 49.29 | 0.47% | 1% |
| 2019-06-05 | ALEX | SQZ | y | 23.99 | 24.42 | 81 | 23.91 | -0.33% | 2.19% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| VSLR | 7.37 | 1,124,708 | N/A | Semiconductor - Specialized | 97 | 6.84 |
| FLDM | 14.30 | 1,038,558 | N/A | Medical Laboratories & Research | 97 | 12.70 |
| EPZM | 14.78 | 1,093,497 | N/A | Biotechnology | 95 | 14.22 |
| SNR | 6.78 | 720,597 | N/A | Processing Systems & Products | 92 | 6.59 |
| REPH | 9.70 | 644,740 | N/A | Biotechnology | 91 | 9.34 |
| VIV | 13.08 | 2,146,132 | N/A | Wireless Communications | 89 | 12.70 |
| PVG | 9.32 | 2,431,724 | N/A | Industrial Metals & Minerals | 89 | 9.17 |
| MPW | 18.84 | 4,705,778 | N/A | REIT - Healthcare Facilities | 86 | 18.34 |
| BSMX | 8.74 | 3,828,369 | N/A | Foreign Regional Banks | 85 | 7.42 |
| 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 | 25983.9 |
4.71% | 11.39% | Down |
| NASDAQ | 7742.1 |
3.88% | 16.68% | Down |
| S&P 500 | 2873.34 |
4.41% | 14.62% | 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 |
S&P 500 4.51 % |
NASDAQ Composite 11.09 % |
NASDAQ Composite 16.68 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Personal Computers |
Personal Computers |
Foreign Utilities |
Auto Parts Stores |
| Toys & Games 81 |
Tobacco Products - Other 133 |
Photographic Equipment & Supplies 170 |
Music & Video Stores 179 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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