|Weekly Newsletter 03/13/15|
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breakout events of the week and provides additional guidance that
does not fit into our daily format. It is published each weekend.
|Prior editions of this newsletter with our valuable Tips of the Week are available here.|
Twin fears roiled the markets this week. Investors worried that the Fed may announce a change in interest rate policy at next weeks Open Markets Committee meeting and the rising dollar compared to all international currencies, particularly the Euro, threatens profits for companies with global interests. As a result our market trend signals for the large cap indexes, DJI and S&P 500, turned negative this week. The NASDAQ trend signal remains positive. The NASDAQ moved sideways this week as can be seen from the chart below and remains above its primary support level at 4814 and also the 50 day moving average.
|Weekly Breakout Report|
Despite the sideways movement, the number of breakouts held steady with 24 this week compared to 25 last week. Only 4 stocks were below their breakout price at Friday's close and the average gain for the week improved from 1.2% to 2.7%.
|New Features this Week||Additional Value that we added this week|
SqueezePlay is Back
The SqueezePlay watchlist (now called Volatility Squeeze on our menu) had not been updated since January 23 following the introduction of the "percent below breakout price" metric. That metric introduced a bug into the volatility squeeze code that has now been corrected and the watchlist is up-to-date.
|This Week's Top Tip||Tips for getting the most out of our site|
Breakoutwatch Strategies for New (and old) Subscribers
A new subscriber asked me for a suggested strategy for stocks on the the Alert Monitor. I replied that the site offers an information service not specific recommendations so each subscriber must determine their own strategy based on their personal investment style, risk tolerance, investment goals, and so on. I referred him to our newsletter articles for for insights into what does and doesn't work.
There are now 491 newsletters in our archive, so that could be a lot of reading so I have developed a list of the most important articles. Here they are:
Long Position Trading
Why stocks with an RS Rank > 90 have a Higher Probability of Success
NASDAQ Delivers More Breakouts and Higher Returns
Breakoutwatch as a Tool for the CAN SLIM Investor
Influence of Pivot Position and Performance After Breakout
How to Trade Cup and Handle Stocks for Optimal Returns
How to Find Cup and Handle breakouts with a 90% Chance of Success
Important Strategy Revisions
What should be your target gain?
Why the Cup and Handle with Squeeze works for Options Trading
Historical Volatility for Options Trading
Probability of being 'In the Money" on Squeeze Play Alert
Additionally, each watchlist has a "methodology" page and "Trading Hints" page which can also be helpful.
|Market Summary||Overview of market direction and industry rotation|
|Top Breakout Choices||Stocks on our Cup-and-Handle list with best expected gain if they breakout|
|Top Second Chances||Stocks that broke out this week and are still in buyable range|
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