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| New Features this Week
| Top Cup and Handle Chart Pattern Stocks
Major Indexes Performance
| Best Performing Index
Best Performing Industry
Most Improved Industry
The recent strong rise in the markets appears to be leveling off as the NASDAQ Chart shows. Some consolidation is to be expected and we will likely see an increase in the number of cup and handle chart patterns as handles form and also Volatility Squeeze patterns as volatility falls.
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|Strong markets delivering new highs for the three major indexes (on Thursday) produced 29 breakouts this week. The Volatility Squeeze chart pattern produced the best returns as stocks that had been marking time responded to the strong upward trend. The table below shows exceptionally strong gains were available.|
|Brkout Date||Symbol||Base||Squeeze||BrkoutOut Price||Brkout Day Close||RS Rank*||Last Close||Current % off BOP||Gain at Intraday High|
|*RS Rank on day before breakout.|
|This chart allows you to see how the frequency of this week's breakouts compare to the last year. Note that the trend has been upwards for the last 4-5 weeks.|
|COT||17.09||1,506,520||Cott Corporation||Beverages - Soft Drinks||94||16.91|
|TTMI||10.70||1,214,040||TTM Technologies - Inc.||Printed Circuit Boards||94||10.25|
|OFG||11.25||679,227||OFG Bancorp||Money Center Banks||92||10.60|
|These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. As of Friday,
there were just three meeting the tests.
See Revised Rules for Trading Cup and Handle Breakouts
|Index||Value||Change Week||Change YTD||Trend1|
1The Market Trend is derived from our proprietary market model. The market model is described on the sitehere.
2The site also shows industry rankings based on fundamentals, combined technical and fundamentals, and on price alone. The site also shows daily industry movements.
|1 Week||13 Weeks||26 Weeks||Year-to-Date|
|1 Week||3 Weeks||13 Weeks||26 Weeks|
|Basic Materials Wholesale
|Charts of each industry rank and performance over 12 months are available on the site|
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