Breakoutwatch Weekly Summary 09/29/2023
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The newsletter has been absent for a few weeks as I have concentrated on correcting some data problems introduced by a hack of the database. I believe all stock data is now correct and watchlist filters are working again. Next week I depart for 4 weeks on a European vacation but will try to produce this newsletter remotely.
Market Summary
Fed surprises with higher-for-longer forecast
The major U.S. equity benchmarks declined for the week as investors reacted to hawkish forecasts from the Federal Reserve’s latest meeting and rising U.S. Treasury yields. The S&P 500 Index recorded its largest one-day loss in six months on Thursday on its way to a third-straight losing week. [more...]
Major Index Performance
| Dow Jones
|
| Last Close
| 33666.3 |
| Wk. Gain
| -0.71 % |
| Yr. Gain
| -2.73 % |
| Trend
| Down |
|
| S&P 500
|
| Last Close
| 4299.7 |
| Wk. Gain
| -0.25 % |
| Yr. Gain
| -3.27 % |
| Trend
| Down |
|
| NASDAQ Comp.
|
| Last Close
| 13201.3 |
| Wk. Gain
| 0.22 % |
| Yr. Gain
| -3.43 % |
| Trend
| Down |
|
| Russell 2000
|
| Last Close
| 13201.3 |
| Wk. Gain
| 646.4 % |
| Yr. Gain
| 614.47 % |
| Trend
| Down |
|
Performance by Sector
| Sector |
Wk. Change % |
Yr. Change % |
Trend |
| Consumer Discretionary |
-0.35 |
23.23 |
Down |
| Consumer Staples |
-2 |
-4.73 |
Down |
| Energy |
2.84 |
7.96 |
Up |
| Finance |
-0.91 |
-1.87 |
Down |
| Health Care |
-0.5 |
-4.41 |
Down |
| Industrials |
0.64 |
7.63 |
Down |
| Technology |
-0.18 |
30.68 |
Down |
| Materials |
0.51 |
1.49 |
Down |
| REIT |
-2.19 |
-8.54 |
Down |
| Telecom |
0.55 |
29.88 |
Down |
| Utilities |
-7.19 |
-17.87 |
Down |
Breakouts This Week Still Within 5% of Breakout Price (Limit 20 top C Score)
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Gain |
| *C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage. |
Breakdowns within 5% of Breakdown Price
| Watchlist |
Symbol |
Company |
Industry |
C Score* |
% Loss |
There were no Breakdowns still within 5% of breakdown price this week |
| *C score is our assessment of a Stock's correlation to CAN SLIM principles. It combines a stock's Technical and Fundamental merits and is expressed as a percentage. |
Cup and Handle Chart of the Week
Aug. 16, 2023 /PRNewswire/ -- IDEAYA Biosciences, Inc. (Nasdaq: IDYA), a precision medicine oncology company committed to the discovery and development of targeted therapeutics, announced the achievement of First-Patient-In for the company-sponsored Phase 2 clinical trial evaluating darovasertib as neoadjuvant and adjuvant therapy in primary uveal melanoma (UM) patients.
