Weekly Newsletter 02/24/13
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Market Summary Weekly Breakout Report Top Breakout Choices Top 2nd Chances New Features Tip of the Week
Prior editions of this newsletter with our valuable Tips of the Week are available here.
 Weekly Commentary  

This week brought the correction we had expected but with more severity than we anticipated. On Wednesday the index crashed through first level support but on Thursday recovered as it hit the second level. Friday brought a tepid rally on significantly lower volume. While the index gained an apparently healthy 0.9%, It's tempting to label that a 'dead-cat bounce' because of the lack of volume.

Most commentators believe that sequestration will go into effect at the end of  this week. That almost certainly means an uptick in the unemployment rate in the coming weeks, with an inevitable weakening in private sector demand to accompany the imposed steep cuts in public sector expenditure. None of this can be good for the equity markets which are mostly driven by positive earnings.

NASDAQ Comp.
 New Features this Week Additional Value that we added this week

No new features this week.
This Week's Top Tip Tips for getting the most out of our site

This feature will return next week.
 Market Summary Overview of market direction and industry rotation
Index Value Change Week Change YTD Trend
Dow 14000.6 0.13% 6.84% Up
NASDAQ 3161.82 -0.95% 4.71% Up
S&P 500 1515.6 -0.28% 6.27% Up
 Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
Dow Jones
0.13 %		 Russell 2000
13.5 %		 Russell 2000
13.22 %		 Russell 2000
7.86 %
 Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Building Materials Wholesale Building Materials Wholesale Building Materials Wholesale Lumber - Wood Production
 Most Improved Industry (by change in technical rank2)
Auto Parts Wholesale
+ 55		 Toy & Hobby Stores
+ 112		 Toy & Hobby Stores
+ 143		 Meat Products
+ 153
Charts of each industry rank and performance over 12 months are available on the site

1The Market Signal is derived from our proprietary market model. The market model is described on the site.
2The site also shows industry rankings based on fundamentals, combined technical and fundamentals, and on price alone. The site also shows daily industry movements.
 Weekly Breakout Report How confirmed breakouts performed this week
# of Breakouts
Period Average1
Max. Gain During Period2
Gain at Period Close3
This Week 6 19.62 2.91% 1.2%
Last Week 15 20.15 5.02% 0.81%
13 Weeks 271 20.62 12.08%
 5.64%
1The average number of breakouts in each week over the previous 13 weeks.
2This represents the return if each stock were bought at its breakout price and sold at its intraday high.
3This represents the return if each stock were bought at its breakout price and sold at the most recent close.
 Top Breakout Choices Stocks on our Cup-and-Handle list with best expected gain if they breakout
Category
Symbol
Company Name
Expected Gain1
Best Overall RGEN Repligen Corporation 99
Top Technical RGEN Repligen Corporation 99
Top Fundamental SLCA U.S. Silica Holdings Inc 62
Top Tech. & Fund. SLCA U.S. Silica Holdings Inc 62
1This is the gain predicted by our Expected Gain model if the stock breaks out. Expected Gains for all cup-and-handle stocks are published on our site.
 Top Second Chances Stocks that broke out this week and are still in buyable range
Category
Symbol
Company Name
Expected Gain1
Best Overall CNDO Coronado Biosciences Inc 69
Top Technical CNDO Coronado Biosciences Inc 69
Top Fundamental CNDO Coronado Biosciences Inc 69
Top Tech. & Fund. CNDO Coronado Biosciences Inc 69
1This is the gain predicted by our Expected Gain model after the stock has broken out which uses the volume on breakout as a predictive term. Because the model variance is +/- 38% the expectation can be negative.
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