Weekly Newsletter 07/07/13
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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  

I hope you enjoyed your long weekend. As a result of the holiday the newsletter is a little shorter this week.

The NASDAQ has rallied strongly and is within site of testing resistance at the 3500 level. I wrote and then struck out strongly because although there has been a solid rise in price, volume has been well below the 50 day average as you can see on the chart. as a result, our market signal for the index, which includes a volume strength component, is still pointing down.

NASDAQ Comp
On the other hand, our trend reversal signal, which is based purely on price data, has turned positive. With a full week ahead, volume should pick up and we should see further gains.

NASDAQ TRS
 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 15135.8 1.52% 15.5% Up
NASDAQ 3479.38 2.24% 15.23% Down
S&P 500 1631.89 1.59% 14.42% Up
 Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
NASDAQ Composite
2.24 %
NASDAQ Composite
3.92 %
Dow Jones
12.66 %
Dow Jones
15.5 %
 Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Music & Video Stores Music & Video Stores Electronics Stores Music & Video Stores
 Most Improved Industry (by change in technical rank2)
Security Software & Services
+ 110
Home Improvement Stores
+ 148
Semiconductor - Memory Chips
+ 159
Toy & Hobby Stores
+ 208
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 2 10.54 10.42% 10.42%
Last Week 14 11.08 6.58% 5.92%
13 Weeks 139 11.23 14.76%
6.17%
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 OPK Opko Health Inc. 97
Top Technical OPK Opko Health Inc. 97
Top Fundamental INVN InvenSense Inc 63
Top Tech. & Fund. INVN InvenSense Inc 63
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


Top Technical


Top Fundamental


Top Tech. & Fund.


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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