Breakoutwatch Weekly Summary 09/24/16

You are receiving this email because you are or were a BreakoutWatch.com subscriber, or have subscribed to our weekly newsletter. This newsletter summarizes the breakout events of the week and provides additional guidance that does not fit into our daily format. It is published each weekend.

Contents
New Features this Week
Strategy Suggestions
Breakouts Summary
Breakouts Detail
Top Cup and Handle Chart Pattern Stocks
Breakouts Index
Major Indexes Performance
Best Performing Index
Best Performing Industry
Most Improved Industry

Weekly Commentary

Low Volume Levels Limit Stock Breakouts


The major indexes remain on an upward trend which was reinvigorated by the FED decision to leave interest rates unchanged. Volumes were below average for the entire week and barely reached the 50 day average on Wednesday following the Fed's announcement.

Lowered volume had an impact on the number of breakouts for the week as we generally require a 1.5 times 50 day average volume to confirm a breakout.

NASDAQ Chart

New Features this Week
No new features this week.
Strategy Suggestions
Our latest strategy suggestions are here and here.
Breakouts Summary by Watchlist for Week Beginning 09/19/16
List Breakouts Avg. Gain
CWH 11 1.61
SQZ 5 2.22
HTF
0
HSB
0
DB
0
Breakouts Detail for Week Beginning 09/19/16
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2016-09-21 SPSC CWH n 69.14 72 80 72.71 5.16% 8.26%
2016-09-22 ETSY SQZ y 14.56 15 92 15.215 4.5% 7.83%
2016-09-23 MMYT CWH n 21.99 23 91 22.89 4.09% 4.41%
2016-09-20 DPRX CWH n 14.98 16 93 15.53 3.67% 8.95%
2016-09-19 INTL CWH n 38.21 39 90 39.48 3.32% 3.82%
2016-09-21 KEYW SQZ y 10.58 11 93 10.89 2.93% 3.97%
2016-09-19 TTMI CWH n 11.09 11 95 11.32 2.07% 4.42%
2016-09-23 AIR CWH n 29.08 30 84 29.66 1.99% 7.39%
2016-09-22 CCMP SQZ y 51.72 52 82 52.5 1.51% 2.22%
2016-09-22 SPSC SQZ y 71.93 73 85 72.71 1.08% 4.06%
2016-09-19 STAA SQZ y 9.32 10 92 9.42 1.07% 4.94%
2016-09-22 SGU CWH n 9.65 10 80 9.73 0.83% 0.83%
2016-09-21 TQQQ CWH n 126.74 127 85 127.67 0.73% 3.01%
2016-09-22 RDNT CWH n 7.29 7 87 7.32 0.41% 1.37%
2016-09-21 APA CWH n 60.19 61 83 60.02 -0.28% 3.32%
2016-09-19 ESNT CWH n 27.77 28 85 26.57 -4.32% 3.06%
*RS Rank on day before breakout.
12 Month Successful Breakout History
Breakouts History
Top Rated Cup and Handle Stocks as of Friday September 23, 2016
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
ENBL 16.39 344,244 Enable Midstream Partners - LP Oil & Gas Pipelines 94 15.70
CRESY 18.20 168,596 Cresud S.A.C.I.F. y A. Farm Products 93 17.46
ARLP 22.08 474,189 Alliance Resource Partners - L.P. Industrial Metals & Minerals 93 21.19
BGFV 14.51 323,193 Big 5 Sporting Goods Corporation Sporting Goods Stores 93 14.33
RRMS 28.56 177,060 Rose Rock Midstream - L.P. Major Integrated Oil & Gas 92 26.28
These stocks meet our suggested screening factors for our Cup and Handle Chart Pattern watchlist.
See Revised Rules for Trading Cup and Handle Breakouts
>
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 18261.4
0.76% 4.8% Up
NASDAQ 5305.75
1.17% 5.96% Up
S&P 500 2164.69
1.19% 5.91% Up
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.
Best Performing Index
1 Week 13 Weeks 26 Weeks Year-to-Date
S&P 500 NASDAQ Composite
12.7 %
NASDAQ Composite
11.31 %
NASDAQ Composite
5.96 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
Manufactured Housing
Silver
Silver
Most Improved Industry (by change in technical rank2)
Semiconductor - Memory Chips
105
Photographic Equipment & Supplies
120
Manufactured Housing
213
Manufactured Housing
213
Charts of each industry rank and performance over 12 months are available on the site

 

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