Breakoutwatch Weekly Summary 02/17/18

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
Market Signals Remain Negative

Although the major indexes recovered this week, they did so on volumes that were well below the 50 day average, indicating that some of the enthusiasm has gone out of the markets and our market trend signals remain negative for each of the major indexes. The NASDAQ outperformed the DJI and S&P 500 with a 5.3% gain for the week but closed on Friday for a slight loss after strong morning trading.

The recent sharp downturn has greatly reduced the number of stocks meeting our pattern algorithms and the number of breakouts is reduced as a consequence. Those breakouts that did occur generally performed well as our breakout summary table below shows. Nevertheless, I believe caution is appropriate until our trend indicators turn positive.

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 02/12/18
List Breakouts Avg. Gain
CWH 3 7.33
SQZ 8 6.18
HTF
0
HSB
0
DB 2 0.91
Breakouts Detail for Week Beginning 02/12/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-02-15 WBAI SQZ y 13.16 15.52 85 15.52 17.93% 19.38%
2018-02-12 QURE CWH n 20.97 22.32 98 24.59 17.26% 21.36%
2018-02-12 HLG SQZ y 51.20 53.01 99 57.46 12.23% 12.66%
2018-02-12 ZGNX SQZ y 37.76 38.1 98 41.35 9.51% 10.43%
2018-02-15 HCC SQZ y 30.94 32 97 32 3.43% 5.56%
2018-02-12 FRPT SQZ y 18.76 18.88 88 19.4 3.41% 4.48%
2018-02-15 RHT CWH n 135.77 140.07 89 140.07 3.17% 3.4%
2018-02-15 KELYA SQZ y 29.28 29.74 82 29.74 1.57% 1.61%
2018-02-15 MKSI CWH y 109.40 111.1 86 111.1 1.55% 2.1%
2018-02-15 LYV DB n 46.08 46.75 81 46.75 1.45% 2.11%
2018-02-15 WATT SQZ y 20.17 20.36 96 20.36 0.94% 3.62%
2018-02-15 URBN SQZ y 35.91 36.07 94 36.07 0.45% 1.34%
2018-02-12 RGS DB n 16.24 16.85 90 16.3 0.37% 4.37%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Thursday February 15, 2018
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
CYRX 9.26 151,436 CryoPort - Inc. - Common Stock Packaging & Containers 96 8.39
USAT 9.95 842,220 USA Technologies - Inc. - Common Stock Technical & System Software 94 8.75
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 25219.4
4.25% 2.02% Down
NASDAQ 7239.47
5.31% 4.87% Down
S&P 500 2732.22
4.3% 2.19% Down
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
NASDAQ Composite Dow Jones
6.73 %
NASDAQ Composite
16.46 %
NASDAQ Composite
4.87 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Resorts & Casinos
Auto Parts Wholesale
Auto Parts Wholesale
Resorts & Casinos
Most Improved Industry (by change in technical rank2)
Toy & Hobby Stores
201
Toy & Hobby Stores
202
Toy & Hobby Stores
207
Medical Practitioners
215
Charts of each industry rank and performance over 12 months are available on the site

 

If you received this newsletter from a friend and you would like to receive it regularly please go to the BreakoutWatch.com site and you will then be able to register to receive the newsletter.

Copyright (c) 02/17/2018 NBIcharts, LLC dba BreakoutWatch.com. All rights reserved.
" BreakoutWatch," the BreakoutWatch.com "eye" logo, and the slogan "tomorrow's breakouts today" are service marks of NBIcharts LLC. All other marks are the property of their respective owners, and are used for descriptive purposes only.

BreakoutWatch is not affiliated with Investor's Business Daily or with Mr. William O'Neil. Our site, research and analysis is supported entirely by subscription and is free from advertising.