Breakoutwatch Weekly Summary 09/17/2024
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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
| 41622.1 |
| Wk. Gain
| INF % |
| Yr. Gain
| 10.8 % |
| Trend
| Up |
|
| S&P 500
|
| Last Close
| 5633.09 |
| Wk. Gain
| INF % |
| Yr. Gain
| 18.72 % |
| Trend
| Up |
|
| NASDAQ Comp.
|
| Last Close
| 17592.1 |
| Wk. Gain
| INF % |
| Yr. Gain
| 18.27 % |
| Trend
| Up |
|
| Russell 2000
|
| Last Close
| 17592.1 |
| Wk. Gain
| 18.27 % |
| Yr. Gain
| 773.92 % |
| Trend
| Up |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
5413.21 |
5703.68 |
Up |
| Consumer Staples |
9137.12 |
9059.21 |
Up |
| Energy |
14322.12 |
22523.59 |
Down |
| Finance |
18000.73 |
23969.09 |
Up |
| Health Care |
7798.4 |
9035.43 |
Up |
| Industrials |
11267.34 |
12082.05 |
Up |
| Technology |
7928.52 |
7928.52 |
Down |
| Materials |
14051.8 |
14051.8 |
Down |
| REIT |
18785.78 |
18785.78 |
Up |
| Telecom |
20074.43 |
20074.43 |
Down |
| Utilities |
12369.59 |
12369.59 |
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.