Breakoutwatch Weekly Summary 01/26/19

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
Increasing Number of Confirmed Breakouts Shows Market Confidence Improving

Although the NASDAQ Composite gained only 0.1% this week the number of confirmed breakouts rose to 17, after just 7 last week. Persistent doubts over an uncertain U.S-China trade deal, Brexit and the Government shutdown saw selling on Tuesday and Wednesday but the potential damage was limited by support at the 200 day moving average. While two bills to halt the shutdown failed in the Senate on Wednesday, there was sufficient movement by Republicans towards the Democrat's position to provoke optimism that a settlement would soon be reached. Consequently Friday opened strongly and a concession speech by Trump allowed buying pressure to be maintained.

The Cup and Handle pattern delivered 16 breakouts with an average gain of 4.5% by Friday's close.

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 01/21/19
List Breakouts Avg. Gain
CWH 16 4.51
SQZ
0
HTF
0
HSB
0
DB 1 1.78
Breakouts Detail for Week Beginning 01/21/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-01-24 XLNX CWH n 94.09 106.06 95 110.37 17.3% 17.8%
2019-01-25 OSIS CWH n 78.18 86.06 84 86.06 10.08% 10.97%
2019-01-23 GSIT CWH n 8.10 8.24 90 8.86 9.38% 11.11%
2019-01-25 CGC CWH n 45.20 48.48 97 48.48 7.26% 8.41%
2019-01-25 NOK CWH n 6.24 6.6 89 6.6 5.77% 6.41%
2019-01-24 ICPT CWH n 114.80 116.45 97 119.55 4.14% 4.29%
2019-01-25 HRC CWH n 98.27 102.23 87 102.23 4.03% 7.64%
2019-01-25 BCRX CWH n 9.45 9.72 97 9.72 2.86% 3.17%
2019-01-24 AUDC CWH n 12.97 13.02 97 13.32 2.7% 4.86%
2019-01-25 GLOB CWH n 66.35 68.04 95 68.04 2.55% 3.81%
2019-01-24 VAR CWH n 127.95 128.82 89 130.96 2.35% 2.44%
2019-01-25 TXN DB n 102.58 104.41 72 104.41 1.78% 2.23%
2019-01-24 UNP CWH n 158.80 160.34 86 160.95 1.35% 2.02%
2019-01-25 FN CWH n 57.01 57.76 98 57.76 1.32% 2.15%
2019-01-24 KEYS CWH n 70.20 70.65 93 71.07 1.24% 2.32%
2019-01-24 CATS CWH y 11.00 11.25 98 11.1 0.91% 7.91%
2019-01-24 AJRD CWH n 39.46 39.5 95 39.04 -1.06% 2.86%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday January 25, 2019
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
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 24737
0.12% 6.04% Up
NASDAQ 7165
0.11% 7.98% Up
S&P 500 2665
-0.21% 6.31% 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
Dow Jones S&P 500
-0 %
Dow Jones
-2.81 %
NASDAQ Composite
7.98 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Foreign Utilities
Foreign Utilities
Foreign Utilities
Auto Parts Stores
Most Improved Industry (by change in technical rank2)
General Entertainment
40
Auto Parts Wholesale
79
General Entertainment
143
Synthetics
213
Charts of each industry rank and performance over 12 months are available on the site

 

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