Breakoutwatch Weekly Summary 09/15/2024
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 rebound after sell-off
Stocks managed to post solid gains and largely recovered from the previous week’s steep losses, which saw the S&P 500 Index suffer its worst weekly decline since March 2023. Growth stocks outpaced value shares by a wide margin, helped by strong performance from technology stocks. NVIDIA was a particularly strong contributor after the chip giant offered a positive outlook on artificial intelligence at an investment conference. T. Rowe Price traders noted that it was a busy week for conferences in general, which seemed to drive sentiment. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 41393.8 |
| Wk. Gain
| 2.07 % |
| Yr. Gain
| 10.19 % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| 5626.02 |
| Wk. Gain
| 3.38 % |
| Yr. Gain
| 18.57 % |
| Trend
| Down |
|
| NASDAQ Comp.
|
| Last Close
| 17684 |
| Wk. Gain
| 5.04 % |
| Yr. Gain
| 18.89 % |
| Trend
| Down |
|
| Russell 2000
|
| Last Close
| 17684 |
| Wk. Gain
| 18.89 % |
| Yr. Gain
| 778.49 % |
| Trend
| Up |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
5442.01 |
5733.99 |
Up |
| Consumer Staples |
9185.38 |
9107.06 |
Up |
| Energy |
14397.46 |
22641.77 |
Down |
| Finance |
18095.29 |
24094.83 |
Down |
| Health Care |
7839.66 |
9083.15 |
Up |
| Industrials |
11326.73 |
12145.69 |
Down |
| Technology |
7970.46 |
7970.46 |
Down |
| Materials |
14125.73 |
14125.73 |
Down |
| REIT |
18884.43 |
18884.43 |
Up |
| Telecom |
20179.82 |
20179.82 |
Down |
| Utilities |
12434.73 |
12434.73 |
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 |
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 our breakout model criteria this week.