Breakoutwatch Weekly Summary 04/08/17

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Contents
New Features this Week
Strategy Suggestions
Breakouts Summary
Breakouts Detail
Top Cup and Handle Chart Pattern Stocks
Breakouts Index
Major Indexes Performance
Best Performing Index
Best Performing Industry
Most Improved Industry

Weekly Commentary
Markets are Flashing Amber

The possible bearish head and shoulders top pattern we spoke of last week is still in play as the NASDAQ
drifts down. While our trend indicator for the NASDAQ remains positive, the trend indicators for the DJI fell on Monday and and for the S&P 500 on Wednesday. The head and shoulders pattern will be completed and a bearish situation confirmed if the NASDAQ falls to 5812. In the meantime, because the trend is down for the other major indexes, caution before opening further long positions  is  advised.

NASDAQ Chart

New Features this Week

No new features this week.
 
Strategy Suggestions

Our latest strategy suggestions are here.
 
Breakouts Summary by Watchlist for Week Beginning 04/03/17
List Breakouts Avg. Gain
CWH 6 2.95
SQZ 7 4.42
HTF
0
HSB
0
DB
0
Breakouts Detail for Week Beginning 04/03/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-04-07 GNK CWH n 13.13 14 98 14.4 9.67% 10.28%
2017-04-07 TGH SQZ y 14.96 16 94 16.4 9.63% 10.63%
2017-04-05 NEWR SQZ y 37.07 39 82 39.28 5.96% 7.47%
2017-04-07 ZYNE SQZ y 20.85 22 96 22.09 5.95% 7.39%
2017-04-07 BZUN SQZ y 14.97 16 96 15.56 3.94% 7.92%
2017-04-06 TCX CWH n 52.35 52 97 54.1 3.34% 3.53%
2017-04-07 CFX SQZ y 38.73 40 81 39.97 3.2% 5.11%
2017-04-07 AXGN CWH y 10.60 11 92 10.85 2.36% 3.3%
2017-04-05 HYGS CWH n 7.10 7 81 7.25 2.11% 4.93%
2017-04-07 BAK SQZ y 20.78 21 92 21.05 1.3% 3.66%
2017-04-04 LBRDK SQZ y 87.10 88 86 87.93 0.95% 3.04%
2017-04-07 RNET CWH n 21.95 22 88 22 0.23% 0.68%
2017-04-05 JOY CWH n 28.30 28 81 28.3 0% 0.04%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday April 07, 2017
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
SODA 51.80 582,188 SodaStream International Ltd. Beverages - Soft Drinks 98 50.04
COHR 207.84 558,276 Coherent - Inc. Scientific & Technical Instruments 97 199.57
TTMI 17.27 2,564,739 TTM Technologies - Inc. Printed Circuit Boards 96 16.15
DV 35.90 1,023,942 DeVry Education Group Inc. Education & Training Services 95 35.60
GNBC 18.28 274,011 Green Bancorp - Inc. Money Center Banks 95 16.75
ETE 19.79 6,596,394 Energy Transfer Equity - L.P. Oil & Gas Pipelines 94 19.30
These stocks meet our suggested screening factors for our Cup and Handle Chart Pattern watchlist.
See Revised Rules for Trading Cup and Handle Breakouts
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 20656.1
-0.03% 4.52% Down
NASDAQ 5877.81
-0.57% 9.19% Up
S&P 500 2355.54
-0.3% 5.21% Down
1The Market Trend is derived from our proprietary market model. The market model is described on the sitehere.
2The site also shows industry rankings based on fundamentals, combined technical and fundamentals, and on price alone. The site also shows daily industry movements.
Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
Dow Jones NASDAQ Composite
3.47 %
Dow Jones
13.24 %
NASDAQ Composite
9.19 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Consumer Services
Consumer Services
Consumer Services
Regional - Southwest Banks
Most Improved Industry (by change in technical rank2)
Aerospace/Defense - Major Diversified
61
Advertising Agencies
86
Beverages - Wineries & Distillers
140
Long Distance Carriers
196
Charts of each industry rank and performance over 12 months are available on the site

 

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