Breakoutwatch Weekly Summary 01/02/21

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Weekly Commentary
Major indexes Set New Highs; 32 Cup and Handle Breakouts Avg. 11.8% for year
The year ended on a high note with the major indexes setting new highs on Tuesday. By Wednesday it became doubtful the $2,000 Covid stimulus checks would materialize and the vaccine inoculation numbers would fall well short of the Administration's promises. Neither of these had a significant effect and the NASDAQ close with a gain of 0.65% for the week. For the year, the NASDAQ gained an amazing 43.6%.
nasdaq chart
Breakouts were down in numbers from last week at 32 vs. 41 and average gains of 1.5% vs. 3%.
For the year, there were 16,004 cup and handle breakouts (meaning they closed higher than their breakout price on the first day after being on the watchlist) for an average gain of 11.8%.
Chart of the Week

This feature will return next week.
New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.

If you are a new subscriber you may not have seen news of our new breakout prediction model. The results are printed daily in the Daily Report. You can learn about it in the newsletter of 12/05/20.
Breakouts Summary by Watchlist for Week Beginning 12/28/20
List Breakouts Avg. Gain
CWH 5 1.92
SQZ 24 1.6
HTF 3 0.17
HSB
0
DB
0
Breakouts Detail for Week Beginning 12/28/20
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2020-12-31 IMAB CWH n 43.50 47.15 84 47.15 8.39% 8.39%
2020-12-31 FRG SQZ y 28.92 30.45 83 30.45 5.29% 6.33%
2020-12-30 GPI SQZ y 125.19 129.84 87 131.14 4.75% 6.54%
2020-12-28 LAZY SQZ y 15.56 15.74 96 16.25 4.43% 6.14%
2020-12-31 RM SQZ y 28.82 29.86 82 29.86 3.61% 5.73%
2020-12-28 ORBC HTF n 7.18 7.33 94 7.42 3.34% 11.42%
2020-12-31 BRP SQZ y 29.04 29.97 85 29.97 3.2% 3.41%
2020-12-29 LAZY SQZ y 15.75 15.91 96 16.25 3.17% 3.43%
2020-12-31 AVTR SQZ y 27.35 28.15 81 28.15 2.93% 3.14%
2020-12-28 UAN HTF n 15.60 15.73 99 16.02 2.69% 5.96%
2020-12-28 ODP SQZ y 28.64 29.69 99 29.3 2.3% 8.17%
2020-12-31 EBIX SQZ y 37.18 37.97 86 37.97 2.12% 2.8%
2020-12-30 LAZY SQZ y 15.92 15.99 97 16.25 2.07% 2.32%
2020-12-31 SGC SQZ y 22.77 23.24 81 23.24 2.06% 4.17%
2020-12-29 DKL CWH n 31.55 31.65 85 32 1.43% 2.88%
2020-12-29 LOGI CWH n 95.94 96.3 84 97.19 1.3% 2.47%
2020-12-31 SEAS SQZ y 31.20 31.59 87 31.59 1.25% 2.47%
2020-12-30 DKL SQZ y 31.66 31.79 87 32 1.07% 2.39%
2020-12-31 GPI SQZ y 129.85 131.14 88 131.14 0.99% 2.72%
2020-12-31 HOME SQZ y 15.32 15.46 96 15.46 0.91% 1.5%
2020-12-31 NIO SQZ y 48.39 48.74 99 48.74 0.72% 4.36%
2020-12-31 DKL SQZ y 31.80 32 86 32 0.63% 0.63%
2020-12-31 NNBR SQZ y 6.53 6.57 83 6.57 0.61% 3.83%
2020-12-31 CHUY SQZ y 26.36 26.49 83 26.49 0.49% 1.71%
2020-12-31 KALV SQZ y 18.90 18.99 83 18.99 0.48% 1.69%
2020-12-31 CIR SQZ y 38.27 38.44 84 38.44 0.44% 2.77%
2020-12-31 MPWR CWH n 365.03 366.23 84 366.23 0.33% 0.55%
2020-12-31 ABR SQZ y 14.14 14.18 82 14.18 0.28% 0.71%
2020-12-31 VAC SQZ y 137.20 137.22 83 137.22 0.01% 1.63%
2020-12-30 ICLK CWH n 8.70 8.73 86 8.54 -1.84% 4.6%
2020-12-29 OBCI SQZ y 14.13 14.41 91 13.36 -5.45% 3.75%
2020-12-29 FFHL HTF n 12.50 12.99 97 11.81 -5.52% 8.82%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Thursday December 31, 2020
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
GNMK 15.68 1,097,685 GenMark Diagnostics - Inc. Medical Devices 90 14.60
SPWH 18.08 2,535,192 Sportsman's Warehouse Holdings - Inc. Leisure 86 17.55
SSL 9.70 1,644,100 Sasol Ltd. American Depos Oil & Gas Integrated 84 8.86
TEN 11.69 1,523,490 Tenneco Inc. Auto Parts 83 10.60
APA 16.86 17,155,767 Apache Corporation Oil & Gas E&P 83 14.19
WPX 8.62 11,218,672 WPX Energy - Inc. Oil & Gas E&P 83 8.15
SLM 12.55 5,293,288 SLM Corporation Credit Services 81 12.39
These stocks meet 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 30606.5
 1.35% 7.25% Up
NASDAQ 12888.3
 0.65% 43.64% Up
S&P 500 3756.07
 1.43% 16.26% 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
13.79		 NASDAQ Composite
26.26		 NASDAQ Composite
43.64
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Uranium
 Solar
 Silver
Most Improved Industry (by change in technical rank2)
Solar
107		 Uranium
95		 Aluminum
125		 Textile Manufacturing
133
Charts of each industry rank and performance over 12 months are available on the site

 

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