Breakoutwatch Weekly Summary 05/27/17

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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
The NASDAQ continued to outpace the other major indexes with a gain of 2.1%, setting a new high on Thursday of 6217. The index rose each day except for Friday as the Memorial day weekend got underway. Volumes were mostly just below average except for Thursday when markets reacted favorably to the minutes of the May FOMC in which the Fed showed confidence in the economy by announcing a plan to unwind its huge balance sheet.

The number of breakouts fell to just 9 this week. While lower than average volumes accounts for some  of  the lower number, the most important reason is that as stocks set new highs,  there are fewer emerging from breakout patterns. For example, on  Friday there were just 69 stocks on the cup-and-handle pattern watchlist  compared to a high in May of 181 on May 4. Similarly, there were just 6 Volatility Squeeze candidates compared to a month's high of 31.


New Features this Week

Subscribers who use the Personal Watchlist feature can now filter the "Alerts Issued Today" page to view just their watchlist stocks by entering an '@' into the Search bar. If there were no alerts corresponding to any of the subscriber's PWL's then "No matching records found" will be displayed.
 PWL Filter
Strategy Suggestions

Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/22/17
List Breakouts Avg. Gain
CWH 5 1.75
SQZ 3 11.81
HTF 1 -0.88
Breakouts Detail for Week Beginning 05/22/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-05-22 COOL SQZ y 13.66 17 99 16.781 22.85% 26.61%
2017-05-23 XBKS SQZ y 28.35 30 83 31.1 9.7% 10.23%
2017-05-25 GTT CWH n 30.50 32 86 31.5 3.28% 4.43%
2017-05-25 SQM SQZ y 36.27 37 92 37.31 2.87% 3.31%
2017-05-24 CCUR CWH n 6.49 7 85 6.66 2.62% 5.24%
2017-05-26 QADA CWH n 31.40 32 86 32 1.91% 2.39%
2017-05-23 LFC CWH n 16.09 16 82 16.32 1.43% 2.61%
2017-05-24 HDP CWH n 13.76 14 88 13.69 -0.51% 0.94%
2017-05-25 ANGI HTF n 11.96 12 97 11.855 -0.88% 0.21%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday May 26, 2017
Symbol BO
Company Industry RS
EMKR 10.95 535,436 EMCORE Corporation Semiconductor - Integrated Circuits 96 10.28
FRBK 9.38 420,705 Republic First Bancorp - Inc. Regional - Northeast Banks 96 9.00
MRCY 41.49 680,706 Mercury Systems Inc Computer Peripherals 93 40.35
LMIA 14.00 87,501 LMI Aerospace - Inc. Aerospace/Defense Products & Services 93 13.95
BITA 32.58 1,257,196 Bitauto Holdings Limited Internet Information Providers 92 29.20
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 21080.3
1.32% 6.67% Up
NASDAQ 6210.19
2.08% 15.36% Up
S&P 500 2415.82
1.43% 7.91% 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
NASDAQ Composite NASDAQ Composite
6.24 %
NASDAQ Composite
15.03 %
NASDAQ Composite
15.36 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Consumer Services
Consumer Services
Consumer Services
Consumer Services
Most Improved Industry (by change in technical rank2)
Aerospace/Defense - Major Diversified
Healthcare Information Services
Computers Wholesale
Multimedia & Graphics Software
Charts of each industry rank and performance over 12 months are available on the site


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