Breakoutwatch Weekly Summary 09/17/2023
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The newsletter has been absent for a few weeks as I have concentrated on correcting some data problems introduced by a hack of the database. I believe all stock data is now correct and watchlist filters are working again. Next week I depart for 4 weeks on a European vacation but will try to produce this newsletter remotely.
Market Summary
Rising Oil Prices Boost Value Stocks
The major equity indexes finished mixed, with value stocks leading the market as U.S. benchmark West Texas Intermediate oil prices rose above $90 per barrel for the first time since November 2022. Large-cap shares outperformed small-caps. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| |
| Wk. Gain
| NAN % |
| Yr. Gain
| NAN % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| |
| Wk. Gain
| NAN % |
| Yr. Gain
| NAN % |
| Trend
| Down |
|
| NASDAQ Comp.
|
| Last Close
| |
| Wk. Gain
| NAN % |
| Yr. Gain
| NAN % |
| Trend
| Down |
|
| Russell 2000
|
| Last Close
| |
| Wk. Gain
| NAN % |
| Yr. Gain
| NAN % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
1.98 |
34.3 |
Up |
| Consumer Staples |
1.19 |
0.11 |
Down |
| Energy |
0.82 |
8.98 |
Up |
| Finance |
1.47 |
2.91 |
Up |
| Health Care |
0.58 |
-1.61 |
Down |
| Industrials |
0 |
11.31 |
Down |
| Technology |
-1.31 |
37.31 |
Up |
| Materials |
0.46 |
6.28 |
Up |
| REIT |
0.53 |
-0.44 |
Up |
| Telecom |
1.29 |
35.21 |
Up |
| Utilities |
3.17 |
-8.95 |
Up |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| *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 |
SQSP |
Squarespace, Inc. |
Software - Infrastructure |
65.4 % |
-4.7 % |
| SS |
MRK |
Merck & Company, Inc. |
Drug Manufacturers - General |
64.6 % |
-0.4 % |
| SS |
SNOW |
Snowflake Inc. |
Software - Application |
57.2 % |
-1.7 % |
| *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 Chart of the Week
Aug. 16, 2023 /PRNewswire/ -- IDEAYA Biosciences, Inc. (Nasdaq: IDYA), a precision medicine oncology company committed to the discovery and development of targeted therapeutics, announced the achievement of First-Patient-In for the company-sponsored Phase 2 clinical trial evaluating darovasertib as neoadjuvant and adjuvant therapy in primary uveal melanoma (UM) patients.
