Breakoutwatch Weekly Summary 04/14/17

You are receiving this email because you are or were a 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.

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
NASDAQ Downturn Confirmed

We have warned for two weeks  that the NASDAQ composite was threatening a bearish head and shoulders top pattern and that was confirmed on Thursday as the index closed below the neckline. At the same time our market signal for the NASDAQ turned negative, joining the signals for the DJI and S&P 500 which have been negative for over a  week.

The chart shows that volumes this week were below average each day which attests to the downbeat mood of market participants and explains the relatively few breakouts (12) this week. Low volumes also reflect lower volatility which explains why the majority of breakouts came from the Volatility Squeeze pattern


New Features this Week

No new features this week.
Strategy Suggestions

Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 04/10/17
List Breakouts Avg. Gain
CWH 2 6.73
SQZ 7 2.76
HTF 2 0.07
DB 1 -5.05
Breakouts Detail for Week Beginning 04/10/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-04-10 ZYNE SQZ y 22.10 25 97 25.19 13.98% 17.42%
2017-04-11 CNAT CWH n 6.43 7 98 7.2337 12.5% 12.75%
2017-04-10 XCRA SQZ y 9.01 10 91 9.74 8.1% 11.1%
2017-04-11 VIIX HTF n 29.55 30 99 30.85 4.4% 5.14%
2017-04-10 NL SQZ y 6.76 7 97 6.95 2.81% 13.91%
2017-04-11 TBPH CWH n 37.48 38 86 37.84 0.96% 2.93%
2017-04-11 MPO SQZ y 19.08 19 99 19.18 0.52% 3.51%
2017-04-12 FFWM SQZ y 15.49 16 81 15.32 -1.1% 1.16%
2017-04-12 GNCA SQZ y 6.45 7 93 6.36 -1.4% 5.12%
2017-04-10 BZUN SQZ y 15.55 17 96 14.99 -3.6% 8.55%
2017-04-11 BWEN HTF n 8.50 9 98 8.1382 -4.26% 6.52%
2017-04-11 BBL DB n 33.19 33 76 31.515 -5.05% 0.42%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Thursday April 13, 2017
Symbol BO
Company Industry RS
BZUN 16.88 910,623 Baozun Inc. Catalog & Mail Order Houses 95 14.99
GNBC 18.28 262,212 Green Bancorp - Inc. Money Center Banks 95 16.25
RH 48.91 3,739,941 RH Home Furnishing Stores 94 47.03
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 20453.2
-0.98% 3.49% Down
NASDAQ 5805.15
-1.24% 7.84% Down
S&P 500 2328.95
-1.13% 4.03% Down
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
Dow Jones NASDAQ Composite
2.83 %
Dow Jones
13.01 %
NASDAQ Composite
7.84 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Consumer Services
Consumer Services
Consumer Services
Regional - Southwest Banks
Most Improved Industry (by change in technical rank2)
Computers Wholesale
Computers Wholesale
Computers Wholesale
Long Distance Carriers
Charts of each industry rank and performance over 12 months are available on the site


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