Breakoutwatch Weekly Summary 10/09/2023
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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
Stocks end the week mixed following Friday’s surprise jobs data
The major indexes closed mixed over another week of top-heavy trading in which large-cap growth stocks—and the mega-cap information technology and internet stocks, in particular—widely outpaced the rest of the market. Reflecting the underperformance of most stocks, an equally weighted version of the S&P 500 Index lagged its market-weighted counterpart by the largest margin since March. Similarly, large-cap growth stocks outperformed their value counterparts (according to Russell indexes) and the large-cap S&P 500 outperformed the small-cap Russell 2000 Index by the widest margins over the same period. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 33407.6 |
| Wk. Gain
| -0.14 % |
| Yr. Gain
| 0.78 % |
| Trend
| Down |
|
| S&P 500
|
| Last Close
| 4308.5 |
| Wk. Gain
| 0.56 % |
| Yr. Gain
| 11.81 % |
| Trend
| Down |
|
| NASDAQ Comp.
|
| Last Close
| 13431.3 |
| Wk. Gain
| 1.61 % |
| Yr. Gain
| 27.17 % |
| Trend
| Down |
|
| Russell 2000
|
| Last Close
| 13431.3 |
| Wk. Gain
| 677.68 % |
| Yr. Gain
| 626.92 % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
-0.36 |
22.72 |
Down |
| Consumer Staples |
-3.04 |
-8.05 |
Down |
| Energy |
-5.19 |
0.25 |
Down |
| Finance |
-0.29 |
-3.02 |
Down |
| Health Care |
0.85 |
-4.45 |
Down |
| Industrials |
-0.36 |
6.37 |
Down |
| Technology |
2.17 |
34.14 |
Down |
| Materials |
-0.84 |
0.19 |
Down |
| REIT |
-1.45 |
-9.89 |
Down |
| Telecom |
1.72 |
31.97 |
Down |
| Utilities |
-2.29 |
-20 |
Down |
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 |
There were no Breakdowns still within 5% of breakdown price this week |
| *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.
