Breakoutwatch Weekly Summary 08/06/2023

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Market Summary

U.S. government’s credit rating downgraded

The major U.S. equity benchmarks started August with a down week after closing out a strong July. Stocks declined amid rising Treasury yields and an unexpected downgrade to the U.S. government’s credit rating. The technology-heavy Nasdaq Composite suffered the largest losses for the week. [more...]

Major Index Performance

Dow Jones
Last Close 35065.6
Wk. Gain -1.13 %
Yr. Gain 5.78 %
Trend Up
Dow Jones
S&P 500
Last Close 4478.03
Wk. Gain -2.33 %
Yr. Gain 16.21 %
Trend Up
S&P 500
NASDAQ Comp.
Last Close 13909.2
Wk. Gain -2.99 %
Yr. Gain 31.69 %
Trend Down
NASDAQ Comp.
Russell 2000
Last Close 1957.46
Wk. Gain -1.38 %
Yr. Gain 10.61 %
Trend Up
Russell 2000

Performance by Sector

Sector Wk. Change % Yr. Change % Trend
Consumer Discretionary -0.81 33.18 Up
Consumer Staples -1.7 2.2 Up
Energy 0.5 1.52 Up
Finance -1.04 3.24 Up
Health Care -2.04 -1.64 Down
Industrials -1.83 14.02 Up
Technology -3.93 37.69 Up
Materials -2.44 7.94 Up
REIT -2.25 0.67 Down
Telecom -2.57 34.8 Up
Utilities -4.67 -10.24 Down

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

Watchlist Symbol Company Industry C Score* % Gain
SQZ VVX V2X, Inc. Asset Management 69.8 % 2.9 %
CWH TFII TFI International Inc. Trucking 67.8 % 1.6 %
SQZ VRA Vera Bradley, Inc. Asset Management 60.7 % 1.5 %
SQZ PHAT Phathom Pharmaceuticals, Inc. Biotechnology 56.2 % 0.7 %
SQZ KC Kingsoft Cloud Holdings Limited Software - Application 55.6 % 0.2 %
SQZ PROK ProKidney Corp. Biotechnology 54.1 % 0.9 %
SQZ PCVX Vaxcyte, Inc. Biotechnology 52.5 % 3.3 %
*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.

Breakdowns within 5% of Breakdown Price

Watchlist Symbol Company Industry C Score* % Loss
SS MDLZ Mondelez International, Inc. Confectioners 68.5 % -0.1 %
SS ORC Orchid Island Capital, Inc. Banks - Global 65.8 % -2.2 %
SS TKR Timken Company (The) Telecom Services 60.4 % -4.6 %
SS MFA MFA Financial, Inc. Banks - Global 60.3 % -2.7 %
SS SNOW Snowflake Inc. Software - Application 60.1 % -3.7 %
SS TMDX TransMedics Group, Inc. Medical Devices 56.9 % -2.6 %
SS OPY Oppenheimer Holdings, Inc. Capital Markets 54.3 % -3 %
SS OUST Ouster, Inc. Electronic Components 54.2 % -4.2 %
SS BASE Couchbase, Inc. Software - Infrastructure 52.3 % -4.9 %
SS WCC WESCO International, Inc. Industrial Distribution 52.2 % -4 %
SS NOAH Noah Holdings Limited Asset Management 50.4 % -3.1 %
SS TYRA Tyra Biosciences, Inc. Biotechnology 49.5 % -2.7 %
SS VTYX Ventyx Biosciences, Inc. Biotechnology 49 % -0.7 %
SS MEIP MEI Pharma, Inc. Biotechnology 48.4 % -4.2 %
SS TPHS Trinity Place Holdings Inc. Real Estate - Development 38.4 % -0.2 %
*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.

High Tight Flag Chart of the Week

Opera Limited (OPRA) Opera gained 117% in 30 sessions and has a relative strength Rank of 99. High flying stocks can fly higher and Opera is climbing again after some recent profit taking.