Breakoutwatch Weekly Summary 09/15/2024

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Contents

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
Dow Jones
S&P 500
Last Close 5626.02
Wk. Gain 3.38 %
Yr. Gain 18.57 %
Trend Down
S&P 500
NASDAQ Comp.
Last Close 17684
Wk. Gain 5.04 %
Yr. Gain 18.89 %
Trend Down
NASDAQ Comp.
Russell 2000
Last Close 17684
Wk. Gain 18.89 %
Yr. Gain 778.49 %
Trend Up
Russell 2000

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.