Breakoutwatch Weekly Summary 01/14/2023

You are receiving this email because you are or were a BreakoutWatch.com subscriber, or have subscribed to our weekly newsletter.
To read this newsletter on the site, click here: Newsletter .

Market Summary

Stocks continue good start to 2023

Stocks recorded a second consecutive week of gains as investors weighed key inflation data and quarterly earnings reporting season kicked off in earnest on Friday. The Nasdaq Composite and growth-oriented sectors outperformed, helped by rebounds in some mega-cap technology-related names, including Amazon.com, Tesla, and Microsoft. Consumer staples shares lagged. JPMorgan Chase, Wells Fargo, and Bank of America beat consensus expectations when they released earnings Friday morning, but cautious outlooks from the banking giants caused shares to fall in early trading. [more...]

Major Index Performance

Dow Jones
Last Close	34302.6
Wk. Gain	1.9 %
Yr. Gain	3.57 %
Trend	Up

S&P 500
Last Close	3999.09
Wk. Gain	2.26 %
Yr. Gain	4.44 %
Trend	Up

NASDAQ Comp.
Last Close	11079.2
Wk. Gain	3.91 %
Yr. Gain	6.86 %
Trend	Up

Russell 2000
Last Close	1887.03
Wk. Gain	4.77 %
Yr. Gain	6.63 %
Trend	Up

Performance by Sector

Sector	Wk. Change %	Yr. Change %	Trend
Consumer Discretionary	5.16	9.55	Up
REIT	4.18	6.91	Up
Technology	3.79	6.14	Up
Telecom	3.53	10.49	Up
Materials	3.5	8.19	Up
Finance	2.1	6.35	Up
Industrials	1.83	5.37	Up
Energy	1.47	4.01	Up
Utilities	0.58	0.36	Up
Health Care	0.3	0.57	Up
Consumer Staples	-0.93	0.54	Up

Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)

Watchlist	Symbol	Company	Industry	C Score*	% Gain
CWH	ARCO	Arcos Dorados Holdings Inc.	Restaurants	87.3 %	3.7 %
SQZ	TGLS	Tecnoglass Inc.	Building Products & Equipment	86.8 %	2.6 %
CWH	MOD	Modine Manufacturing Company	Auto Parts	86.1 %	1.7 %
SQZ	RIO	Rio Tinto Plc	Other Industrial Metals & Mining	85.9 %	4.7 %
SQZ	MEDP	Medpace Holdings, Inc.	Diagnostics & Research	85.7 %	2.4 %
CWH	SXC	SunCoke Energy, Inc.	Coking Coal	85.3 %	0.6 %
SQZ	TITN	Titan Machinery Inc.	Industrial Distribution	85.1 %	4.4 %
SQZ	FCFS	FirstCash Holdings, Inc.	Credit Services	83.9 %	0.2 %
SQZ	FIX	Comfort Systems USA, Inc.	Engineering & Construction	83.3 %	2.8 %
SQZ	XOM	Exxon Mobil Corporation	Oil & Gas Integrated	82.2 %	4.3 %
CWH	CRH	CRH PLC American Deposita	Building Materials	81.7 %	2.5 %
CWH	IBKR	Interactive Brokers Group, Inc.	Capital Markets	81.3 %	0.2 %
SQZ	WSC	WillScot Mobile Mini Holdings Corp.	Rental & Leasing Services	81.2 %	0.4 %
SQZ	TNP	Tsakos Energy Navigation Ltd	Oil & Gas Midstream	81 %	2.1 %
SQZ	UFPT	UFP Technologies, Inc.	Packaging & Containers	80.7 %	0.9 %
SQZ	AVGO	Broadcom Inc.	Semiconductors	80.4 %	0.1 %
CWH	CAAP	Corporacion America Airports SA	Airports & Air Services	80.2 %	2.8 %
CWH	URI	United Rentals, Inc.	Rental & Leasing Services	80.2 %	0.9 %
SQZ	CMI	Cummins Inc.	Specialty Industrial Machinery	80.1 %	3.6 %
SQZ	KNSL	Kinsale Capital Group, Inc.	Insurance - Property & Casualty	80.1 %	3.5 %
*C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage.

Breakdowns within 5% of Breakdown Price

Watchlist	Symbol	Company	Industry	C Score*	% Loss
SS	SFL	SFL Corporation Ltd	Marine Shipping	72.8 %	-0.2 %
SS	AN	AutoNation, Inc.	Auto & Truck Dealerships	65 %	-2.9 %
SS	WMT	Walmart Inc.	Discount Stores	64.9 %	-0.4 %
SS	ISTR	Investar Holding Corporation	Banks - Regional	64.5 %	-0.9 %
SS	SFBC	Sound Financial Bancorp, Inc.	Banks - Regional	60.2 %	-0.5 %
SS	EXR	Extra Space Storage Inc	REIT - Industrial	59.1 %	-0.4 %
SS	SWX	Southwest Gas Holdings, Inc.	Utilities - Regulated Gas	52.2 %	-0.3 %
*C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage.

Cup and Handle Stocks Likely to Breakout at Next Session

Symbol	BoP	Company	Industry	Within x% of BoP	C Score*	Chart Link
There were no CWH stocks meeting our breakout model criteria
*C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage.