Weekly Newsletter 10/24/14
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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  

Right arm still immobile so newsletter still somewhat cursory.

The NASDAQ bounced strongly off the bottom and closed just above the 50 day moving average on Friday.  Nevertheless, our trend indicator for the three major indices still points down. The reason is shown clearly in our equivolume chart (2nd chart below) where the volume levels are clearly well below average. Any recovery on low volume is suspect.
nasdaq
equivolume
 Weekly Breakout Report  

 
Breakouts for Week Beginning 10/20/14
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close Last Close Current % off BOP Gain at Intraday High
10/24/14 BJRI CwH N 37.77 42.15 42.15 11.60 11.6
10/20/14 ORLY SQZ Y 153.79 154.96 170.48 10.85 10.85
10/22/14 CBST HSB N 67.00 69.15 70.93 5.87 8.09
10/22/14 IBP SQZ Y 14.60 14.75 15.09 3.36 7.81
10/20/14 CPHD SQZ Y 46.55 46.56 50.08 7.58 7.58
10/20/14 NXTM SQZ Y 13.91 14.04 14.79 6.33 6.33
10/20/14 TSO DB N 64.60 65.43 65.68 1.67 3.79
10/23/14 BCR CwH N 151.49 154.23 156.97 3.62 3.62
10/24/14 PTX CwH N 9.59 9.87 9.87 2.92 2.92
10/23/14 EPAM CwH N 43.90 45.10 44.36 1.05 2.73
10/20/14 EDR CwH N 10.87 11.01 11.12 2.30 2.67
10/22/14 MCY SQZ Y 50.60 50.9 51.6 1.98 1.98
10/21/14 TTM DB N 45.00 45.88 45.59 1.31 1.96
10/21/14 FXU SQZ Y 23.16 23.27 23.56 1.73 1.73
10/20/14 DNP SQZ Y 10.31 10.34 10.48 1.65 1.65
10/20/14 SVVC CwH N 24.63 24.63 25.03 1.62 1.62
10/21/14 DPM SQZ Y 54.32 54.8 55.07 1.38 1.38
10/21/14 ISRG CwH N 489.85 495.77 478.01 -2.42 1.21
Weekly Average (18 breakouts) 3.58 4.42

 
 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

To understand our trend reversal signal methodology, read this .
 
 Market Summary Overview of market direction and industry rotation
Index Value Change Week Change YTD Trend
Dow 16805.4 2.59% 1.38% Down
NASDAQ 4483.71 5.29% 7.35% Down
S&P 500 1964.58 4.12% 6.29% Down
 Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
NASDAQ Composite
5.29 %		 NASDAQ Composite
0.77 %		 NASDAQ Composite
10.01 %		 NASDAQ Composite
7.35 %
 Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Toy & Hobby Stores Toy & Hobby Stores Aluminum Drugs Wholesale
 Most Improved Industry (by change in technical rank2)
Processing Systems & Products
+ 82		 Appliances
+ 71		 Drug Related Products
+ 143		 Home Health Care
+ 176
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 PTX Pernix Therapeutics Holdings, Inc. 76
Top Technical PTX Pernix Therapeutics Holdings, Inc. 76
Top Fundamental AFH Atlas Financial Holdings, Inc. 38
Top Tech. & Fund. AFH Atlas Financial Holdings, Inc. 38
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 PTX Pernix Therapeutics Holdings, Inc. 74
Top Technical PTX Pernix Therapeutics Holdings, Inc. 74
Top Fundamental EPAM EPAM Systems, Inc. 34
Top Tech. & Fund. EPAM EPAM Systems, Inc. 34
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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