Breakoutwatch Weekly Summary 12/04/21

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Weekly Commentary
Trend Signals are Negative The NASDAQ has held up better than the other two major indexes but our trend signal turned negative on Friday as the index closed below its 50 day moving average. The NASDAQ was the last to turn negative as it was help up by the mega cap tech stocks which have a heavy weight in the index. This was a volatile week with uncertainty over the impact the Omicron will have on the economy and a statement from Fed Chairman Powell admitting that inflation my not be transitory and support for the economy through asset purchases may be reduced sooner then previously anticipated. (See an analysis of Powell's remarks here). Inevitably, the markets' downward trend has meant a sharp reduction in the number of long position breakouts, and the strength of gains that they may bring.

Chart of the Week
There were no cup and handle pattern stocks selected as possible breakouts on Friday for trading on Monday.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 11/29/21
List	Breakouts	Avg. Gain
CWH	2	-0.29
SQZ	6	0.21
HTF		0
HSB		0
DB		0

Breakouts Gaining at Least 5% for Week Beginning 11/29/21
Brkout Date	Symbol	Base	Squeeze	Brkout Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
^*RS Rank on day before breakout.

CwH Stocks Likely to Close above BoP at Next Session*
Symbol	Company	Industry	RS Rank	Last Close	BoP	% off BoP
There were no stocks meeting our probable breakout criteria today.
*These stocks were selected using our CWH price breakout model. This model selects stocks likely to close above the breakout price at the next session. When backtested over the three years beginning January 2019 until October 28, 2021, 80% of the stocks selected closed above their breakout price. This does not mean that on any day, 80% of the stocks selected will breakout, but it is the expectation over an extended period of time.

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Top Rated Cup and Handle Stocks as of Friday December 03, 2021
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
PBF	16.46	5,475,298	PBF Energy Inc.	Oil & Gas Refining & Marketing	90	12.68
GFI	11.79	7,472,537	Gold Fields Limited Ameri	Gold	88	11.00
ARLO	8.41	1,026,326	Arlo Technologies - Inc.	Security & Protection Services	86	7.92
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	34580.1	-0.91%	12.98%	Down
NASDAQ	15085.5	-2.62%	17.05%	Down
S&P 500	4538.43	-1.22%	20.83%	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.

Best Performing Index
1 Week	13 Weeks	26 Weeks	Year-to-Date
Dow Jones	S&P 500 -1.81	NASDAQ Composite 9.2	S&P 500 20.83

Best Performing Industry
1 Week	3 Weeks	13 Weeks	26 Weeks
REIT - Residential	Uranium	Aluminum	Silver

Most Improved Industry (by change in technical rank²)
Agricultural Inputs 0	Agricultural Inputs 0	Agricultural Inputs 0	Agricultural Inputs 0
Charts of each industry rank and performance over 12 months are available on the site

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