Breakoutwatch Weekly Summary 12/18/21

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Weekly Commentary
NASDAQ in Bearish Head and Shoulders Top Pattern The NASDAQ confirmed a Head and Shoulders Top pattern on Tuesday when the index closed below the neckline (see HST Methodology). A relief rally followed on Wednesday, probably provoked by short covering, following Fed Chairman Powell's promise to keep interest rates low until tapering of bond purchases is completed, which is expected to be in March 2022. Concerns that rising inflation and rapidly expanding infections from the Omicron strain would hurt production and further interrupt supply lines then took over, and the index closed for a loss of 3% on Friday. Hopes for a Santa Claus rally now seem diminished although the negative real interest rate environment could encourage margin borrowing.

Chart of the Week
ProPhase Labs, Inc (PRPH) ProPhase Labs is demonstrating a constructive handle after profit taking following the setting of the pivot and now a resurgence of buying with above average volume on Friday.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 12/13/21
List	Breakouts	Avg. Gain
CWH	4	-0.8
SQZ	19	2.3
HTF		0
HSB		0
DB		0

Breakouts Gaining at Least 5% for Week Beginning 12/13/21
Brkout Date	Symbol	Base	Squeeze	Brkout Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2021-12-17	ACY	SQZ	y	41.11	45.49	99	45.49	10.65%	22.16%
2021-12-16	PHI	CWH	n	34.96	35.5	87	37.15	6.26%	7.87%
^*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
PRPH	ProPhase Labs, Inc.	Drug Manufacturers - Specialty & Generic	86	7.29	7.48	97.46
ICCH	ICC Holdings, Inc.	Insurance - Specialty	81	17.395	17.45	99.68
*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 17, 2021
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
RFP	14.27	723,795	Resolute Forest Products Inc.	Paper & Paper Products	94	13.07
GFI	11.79	7,749,566	Gold Fields Limited Ameri	Gold	85	10.41
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	35365.4	-1.68%	15.55%	Up
NASDAQ	15169.7	-2.95%	17.7%	Down
S&P 500	4620.64	-1.94%	23.02%	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
Dow Jones	S&P 500 4.23	S&P 500 10.91	S&P 500 23.02

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

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

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