Breakoutwatch Weekly Summary 01/23/2024
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Market Summary
Equities end with narrow advance as investors adjust rate cut expectations
Stocks ended mostly higher over the holiday-shortened week, although the advance was narrow—an equally weighted version of the S&P 500 Index recorded a modest loss—and heavily focused on growth stocks. Information technology stocks outperformed, helped by a rally in semiconductor shares. Artificial intelligence (AI) chip giant NVIDIA was particularly strong, as was rival Advanced Micro Devices (AMD). Markets were closed Monday in observance of the Martin Luther King, Jr., holiday. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 38001.8 |
| Wk. Gain
| 1.93 % |
| Yr. Gain
| 1.16 % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| 4850.43 |
| Wk. Gain
| 2.35 % |
| Yr. Gain
| 2.22 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 15360.3 |
| Wk. Gain
| 3.68 % |
| Yr. Gain
| 3.27 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 1983.38 |
| Wk. Gain
| 4.43 % |
| Yr. Gain
| -1.47 % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
-60.9 |
-61.94 |
Down |
| Consumer Staples |
-39.43 |
-39.94 |
Up |
| Energy |
-5.43 |
48.35 |
Down |
| Finance |
18.7 |
57.83 |
Down |
| Health Care |
-48.21 |
-40.09 |
Up |
| Industrials |
-25.46 |
-20.12 |
Down |
| Technology |
-47.35 |
-47.35 |
Up |
| Materials |
-7.2 |
-7.2 |
Down |
| REIT |
23.84 |
23.84 |
Down |
| Telecom |
32.29 |
32.29 |
Up |
| Utilities |
-18.23 |
-18.23 |
Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| SQZ |
FCFS |
FirstCash Holdings, Inc. |
Credit Services |
72.2 % |
4.4 % |
| *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. |
| 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. |
Cup and Handle Chart of the Week
There were no Cup and Handle Stocks meeting my Chart of the Week criteria this week.