Breakoutwatch Weekly Summary 01/27/18

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.

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

Weekly Commentary
NASDAQ Chart
The major indexes continue their strong advance with all three closing at new highs on Friday. The NASDAQ Composite outperformed the others with a gain of 2.26% for the week. Friday's move higher came despite the release of the preliminary GDP forecast for the 4th quarter which was below expectations of 2.9% at 2.6% annualized. However investors focused on strong consumer spending which rose 3.8% and business equipment spending which rose 11.4%.

New Features this Week

I've added an indicator to the daily market analysis page and daily email which shows which, if any, breakouts which meet our "Buy at Open" strategy requirements. For example, here's an excerpt from Friday's Market Analysis page:

new feature
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 01/22/18
List Breakouts Avg. Gain
CWH 29 4.51
SQZ 45 1.88
HTF
0
HSB
0
DB 1 4.73
Breakouts Detail for Week Beginning 01/22/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-01-23 WRLD CWH n 88.54 95.35 82 117.31 32.49% 34.66%
2018-01-25 MDXG CWH n 15.33 15.71 88 17.21 12.26% 15.46%
2018-01-26 MNOV CWH n 7.88 8.77 82 8.77 11.29% 14.21%
2018-01-24 JNP CWH n 6.40 6.55 87 7.1 10.94% 11.41%
2018-01-23 SPPI SQZ y 20.93 21.63 98 23.07 10.22% 11.32%
2018-01-22 CTLT CWH n 43.42 43.7 81 47.36 9.07% 9.3%
2018-01-22 VAC SQZ y 139.31 140.75 83 151.85 9% 9.09%
2018-01-23 VAC SQZ y 140.76 144.42 83 151.85 7.88% 7.96%
2018-01-22 INAP SQZ y 15.59 15.72 95 16.62 6.61% 6.74%
2018-01-24 BABA CWH n 192.49 195.54 89 205.22 6.61% 6.62%
2018-01-22 AGIO CWH n 76.02 78.35 81 80.7 6.16% 9.13%
2018-01-22 VRTX CWH n 159.87 161.91 81 169.21 5.84% 5.9%
2018-01-22 AMN CWH y 50.80 51 81 53.65 5.61% 5.91%
2018-01-23 FIVN DB n 25.14 25.64 72 26.33 4.73% 4.97%
2018-01-25 AMN SQZ y 51.26 52.45 81 53.65 4.66% 4.96%
2018-01-23 DRNA CWH y 9.83 10.94 98 10.28 4.58% 13.84%
2018-01-23 INGN SQZ y 120.34 120.65 90 125.75 4.5% 5.03%
2018-01-26 INAP SQZ y 15.98 16.62 82 16.62 4.01% 4.13%
2018-01-26 PTLA SQZ y 52.14 54.23 80 54.23 4.01% 5.39%
2018-01-22 SBAC SQZ y 165.80 167.65 80 172.28 3.91% 4.12%
2018-01-22 WPX CWH n 15.17 15.37 83 15.76 3.89% 6.06%
2018-01-26 NEWR SQZ y 59.67 61.94 86 61.94 3.8% 4.16%
2018-01-22 ARES CWH n 23.80 24.2 81 24.7 3.78% 6.05%
2018-01-22 WIFI SQZ y 22.89 23.04 89 23.71 3.58% 4.63%
2018-01-22 TGH CWH n 24.95 25.85 95 25.75 3.21% 6.21%
2018-01-22 CALD SQZ y 30.86 31 88 31.85 3.21% 3.37%
2018-01-26 QNST SQZ y 9.30 9.57 96 9.57 2.9% 4.52%
2018-01-23 BLUE SQZ y 194.66 200.2 97 200.25 2.87% 8.29%
2018-01-23 WIFI SQZ y 23.05 23.31 89 23.71 2.86% 3.9%
2018-01-26 CYRX SQZ y 8.63 8.87 96 8.87 2.78% 6.95%
2018-01-26 ALDX SQZ y 7.26 7.45 87 7.45 2.62% 3.99%
2018-01-24 NAV SQZ y 46.24 46.71 91 47.45 2.62% 2.72%
2018-01-24 TDC SQZ y 39.84 39.9 83 40.86 2.56% 2.59%
2018-01-26 ALGN CWH n 276.99 283.97 96 283.97 2.52% 3.73%
2018-01-23 X CWH n 39.96 40.06 88 40.95 2.48% 3.3%
2018-01-24 KAI SQZ y 99.16 100.05 83 101.5 2.36% 3.32%
2018-01-22 KFY SQZ y 43.22 43.57 80 44.21 2.29% 2.29%
2018-01-24 CI CWH n 221.23 221.46 82 226.22 2.26% 2.28%
2018-01-22 APAM CWH y 40.45 40.9 84 41.35 2.22% 2.35%
2018-01-22 GDOT SQZ y 62.48 62.54 94 63.66 1.89% 3.1%
2018-01-22 UNT CWH n 25.80 26.3 80 26.26 1.78% 3.95%
2018-01-26 INGN SQZ y 123.90 125.75 91 125.75 1.49% 2.01%
2018-01-25 RUSHA CWH n 54.37 54.81 86 55.16 1.45% 1.89%
2018-01-25 KAI SQZ y 100.06 101.6 84 101.5 1.44% 2.39%
2018-01-22 RDNT SQZ y 10.16 10.2 84 10.3 1.38% 2.85%
2018-01-26 EVC SQZ y 7.31 7.4 83 7.4 1.23% 1.92%
2018-01-26 SPPI CWH n 22.80 23.07 98 23.07 1.18% 2.19%
2018-01-25 SXCP CWH n 21.45 21.6 81 21.7 1.17% 2.33%
2018-01-26 ALG CWH n 118.82 120.13 82 120.13 1.1% 1.49%
2018-01-26 LBC SQZ y 12.78 12.92 99 12.92 1.1% 2.97%
2018-01-24 NTP SQZ y 13.16 13.2 90 13.3 1.06% 1.82%
2018-01-22 COT SQZ y 17.05 17.25 82 17.2 0.88% 1.7%
2018-01-22 GOGL CWH n 9.29 9.35 80 9.34 0.54% 1.08%
2018-01-22 IMGN CWH n 8.33 8.55 96 8.37 0.48% 4.08%
2018-01-26 TACT CWH n 15.50 15.55 95 15.55 0.32% 0.97%
2018-01-25 ALNY SQZ y 134.06 134.29 97 134.39 0.25% 1.66%
2018-01-26 COT SQZ y 17.16 17.2 80 17.2 0.23% 0.99%
2018-01-26 SINA CWH n 121.92 122.19 86 122.19 0.22% 0.83%
2018-01-26 FRPT SQZ y 18.81 18.85 86 18.85 0.21% 0.48%
2018-01-26 TILE CWH y 26.10 26.15 83 26.15 0.19% 0.57%
2018-01-24 MCRI SQZ y 44.96 44.98 90 45.02 0.13% 2.54%
2018-01-25 BPMC SQZ y 82.93 83.44 94 83.01 0.1% 3.16%
2018-01-22 CVTI SQZ y 28.87 28.91 88 28.82 -0.17% 2.22%
2018-01-22 PHM SQZ y 34.61 35.15 90 34.52 -0.26% 1.73%
2018-01-23 PRI SQZ y 105.96 106.45 84 105.6 -0.34% 1.97%
2018-01-22 ERI SQZ y 32.96 33.6 94 32.82 -0.42% 6.64%
2018-01-22 KMPR SQZ y 69.21 69.35 91 68.9 -0.45% 1.94%
2018-01-23 PCYO SQZ y 8.76 8.9 84 8.7 -0.68% 2.17%
2018-01-22 MRO CWH n 19.04 19.28 84 18.84 -1.05% 2.52%
2018-01-23 HY SQZ y 88.95 89.5 82 87.86 -1.23% 2.74%
2018-01-24 CWH SQZ y 45.85 46.86 84 45.2 -1.42% 2.7%
2018-01-23 FOLD CWH n 16.48 17.12 95 16.2 -1.7% 5.58%
2018-01-23 ERI SQZ y 33.61 34 94 32.82 -2.35% 4.58%
2018-01-23 MOV SQZ y 33.51 33.7 82 32.35 -3.46% 1.01%
2018-01-23 CONN SQZ y 37.06 37.2 97 35.12 -5.23% 1.73%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday January 26, 2018
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
NC 45.90 62,118 NACCO Industries - Inc. Common Stock Home Furnishings & Fixtures 96 44.05
CONN 37.70 748,918
Electronics Stores 95 35.12
SGMS 56.45 1,210,323 Scientific Games Corp - Common Stock Gaming Activities 95 51.60
PNK 33.63 1,154,193 Pinnacle Entertainment - Inc. - Common Stock Resorts & Casinos 94 33.38
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 26393
2.05% 6.77% Up
NASDAQ 7411
2.26% 7.35% Up
S&P 500 2869.11
2.18% 7.31% Up
1The Market Trend is derived from our proprietary market model. The market model is described on the site here.
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
S&P 500 Dow Jones
12.63 %
Dow Jones
20.9 %
NASDAQ Composite
7.35 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Auto Parts Wholesale
Auto Parts Wholesale
Auto Parts Wholesale
Resorts & Casinos
Most Improved Industry (by change in technical rank2)
Appliances
82
Basic Materials Wholesale
109
Auto Parts Stores
180
Personal Computers
216
Charts of each industry rank and performance over 12 months are available on the site

 

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