BreakoutWatch.com Weekly Review for 03/11/2012

You are receiving this email because you are or were a BreakoutWatch.com subscriber, or have subscribed to our weekly newsletter. This newsletter summarizes the breakout events of the week and provides additional guidance that does not fit into our daily format. It is published each weekend.

Market Summary

Weekly Breakout Report

Top Breakout Choices

Top 2nd Chances

New Features

Tip of the Week

Prior editions of this newsletter with our valuable Tips of the Week are available here.

Weekly Commentary

The NASDAQ Composite found support at the 2900 level and is about to test resistance at 3000. The chart illustrates the often noted point about resistance becoming support and vice-versa (see Why Resistance Becomes Support and Vice Versa). The 2900 level provided resistance for three days at the beginning of February and then provided support two days later. After reaching the psychologically important resistance level of 3000, the index tested the 2900 support level again and that appears to be a floor under the index for the time being. Although it may take several attempts to break through 3,000, the improving economy will likely keep the current trend in effect. There are significant threats, though. The Atlantic Magazine estimates the chance of war with Iran at an alarming 50-50 and unless tensions over Iran recede, oil prices will rise further and threaten the recovery.

New Features this Week

Additional Value that we added this week

No new features this week

This Week's Top Tip

Tips for getting the most out of our site

Update on Real Time Alerts

Our new realtime alert feed went into production on Monday and indications are that we are now issuing alerts in a timely manner. An analysis of alert times shows that no alerts were issued after 16:00 (4pm EST). The analysis also confirms that the most important time to monitor the market is after the open.

Market Summary

Overview of market direction and industry rotation

Index

Value

Change Week

Change YTD

Trend

Dow

12922

-0.43%

5.77%

Down

NASDAQ

2988.34

0.41%

14.71%

S&P 500

1370.87

0.09%

9.01%

Russell 2000

817

1.82%

10.27%

1 Week	13 Weeks	26 Weeks	Year-to-Date
Best Performing Index
Russell 2000 1.82 %	NASDAQ Composite 9.61 %	Russell 2000 21.22 %	NASDAQ Composite 14.71 %
Best Performing Industry (by average technical score over each period)
1 Week	3 Weeks	13 Weeks	26 Weeks
Medical Practitioners	Recreational Vehicles	Personal Computers	Personal Computers
Most Improved Industry (by change in technical rank²)
Semiconductor - Memory Chips + 147	Manufactured Housing + 146	Semiconductor - Memory Chips + 168	Building Materials Wholesale + 200
Charts of each industry rank and performance over 12 months are available on the site

¹The Market Signal is derived from our proprietary market model. The market model is described on the site.
²The site also shows industry rankings based on fundamentals, combined technical and fundamentals, and on price alone. The site also shows daily industry movements.

Weekly Breakout Report

How confirmed breakouts performed this week

# of Breakouts		Period Average¹	Max. Gain During Period²	Gain at Period Close³
This Week	20	26	4.51%	4.04%
Last Week	28	25.77	3.01%	-0.4%
13 Weeks	226	27.31	9.74%	4.2%

¹The average number of breakouts in each week over the previous 13 weeks.
²This represents the return if each stock were bought at its breakout price and sold at its intraday high.
³This represents the return if each stock were bought at its breakout price and sold at the most recent close.

Top Breakout Choices

Stocks on our Cup-and-Handle list with best expected gain if they breakout