Weekly Newsletter 09/12/14
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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'd like to welcome a number of new subscribers this week. For their benefit, I'd like to mention that in our weekly newsletter we first look at the performance for the week of the NASDAQ Composite as it is from stocks included in that index that mor breakouts occur.

The index continued to move sideways as it consolidates gains made in August. Support at 4546 was tested on Wednesday and Thursday, as it was in the previous week, That level has proved quite robust on three occasions now and a break below it would be decidedly bearish in the short term, although as long as interest rates remain low, the longer term outlook for stocks is positive

NASDAQ Composite
 Weekly Breakout Report  

Despite the sideways movement of the NASDAQ index, breakouts remained numerous and quite strong. Land's End was the standout performer as institutions bought heavily on Wednesday and Thursday. We issued an alert at 9:36 eastern time when the stock was still within buyable range. Quick action at that time could have delivered a 20+% gain in two days.

Alert Price: $36.880
Breakout Price: $35.64
The 5% maximum price: $37.42


Breakouts for Week Beginning 09/08/14
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close Last Close Current % off BOP Gain at Intraday High
09/10/14 LE DB N 35.64 40.20 44.77 25.62 25.62
09/09/14 CMRX CwH N 25.92 28.54 28.27 9.07 15.86
09/10/14 RCPT CwH N 53.36 58.28 59.67 11.83 13.19
09/11/14 TAM CwH N 23.99 26.21 26.53 10.59 10.59
09/11/14 AMRI SQZ Y 20.68 21.87 21.83 5.56 5.75
09/08/14 RMBS SQZ Y 12.47 12.59 13.07 4.81 4.81
09/08/14 MMYT DB N 30.28 31.25 29.98 -0.99 3.83
09/11/14 RDNT SQZ Y 7.58 7.87 7.64 0.79 3.83
09/11/14 IBKR SQZ Y 24.50 24.6 25.29 3.22 3.22
09/11/14 LOGM SQZ Y 45.02 45.34 46.39 3.04 3.04
09/08/14 FOLD HTF N 7.27 7.47 6.72 -7.57 2.75
09/12/14 YHOO CwH N 41.81 42.88 42.88 2.56 2.56
09/10/14 APL CwH N 37.13 37.53 36.91 -0.59 2.15
09/12/14 PGI DB Y 13.25 13.53 13.53 2.11 2.11
09/09/14 GMLP CwH N 38.35 39.00 37.27 -2.82 1.69
09/11/14 MACK SQZ Y 7.19 7.31 7.27 1.11 1.67
09/11/14 PBYI HTF N 269.82 273.68 270.83 0.37 1.43
09/12/14 ACAD CwH N 27.93 28.24 28.24 1.11 1.11
09/08/14 ALJ CwH N 16.70 16.87 15.66 -6.23 1.02
09/12/14 PNFP SQZ Y 37.15 37.49 37.49 0.92 0.92
09/12/14 TASR CwH N 18.27 18.43 18.43 0.88 0.88
09/11/14 CFN CwH N 46.45 46.77 46.39 -0.13 0.69
09/09/14 BKS CwH N 23.94 24.09 23.44 -2.09 0.63
09/11/14 CAAS CwH N 10.47 10.51 10.5 0.29 0.38
09/08/14 IIIN CwH N 24.00 24.04 23.04 -4.00 0.17
09/08/14 PTCT CwH N 33.87 33.92 32.72 -3.40 0.15
Weekly Average (26 breakouts) 2.16 4.23

 
 
 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

How to Use out T/A Charts.


T/A stands for technical analysis. Since our chart pattern recognition methodologies all rely on technical analysis, it's natural that the charts we present are all T/A based.

How we use them on our watchlists, how to use the Chart Browser, and how you can use them is the subject of a short video I've prepared. You can see it here.

 Market Summary Overview of market direction and industry rotation
Index Value Change Week Change YTD Trend
Dow
-100% -100% Up
NASDAQ 17137.4 273.94% 310.32% Up
S&P 500 4582.9 128.27% 147.94% Up
 Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
NASDAQ Composite
273.94 %
NASDAQ Composite
297.56 %
NASDAQ Composite
303.67 %
NASDAQ Composite
310.32 %
 Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Aluminum Aluminum Aluminum Toy & Hobby Stores
 Most Improved Industry (by change in technical rank2)
Long Distance Carriers
+ 57
Photographic Equipment & Supplies
+ 118
Nonmetallic Mineral Mining
+ 163
Foreign Utilities
+ 204
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.
 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 HPJ Hong Kong Highpower Technology 110
Top Technical HPJ Hong Kong Highpower Technology 110
Top Fundamental FNHC Federated National Holding Company 59
Top Tech. & Fund. FNHC Federated National Holding Company 59
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 CAAS China Automotive Systems, Inc. 73
Top Technical PTCT PTC Therapeutics, Inc. 52
Top Fundamental IIIN Insteel Industries, Inc. 54
Top Tech. & Fund. IIIN Insteel Industries, Inc. 54
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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