Breakoutwatch Weekly Summary 07/01/17

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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
Newsletters on Hold Until September

I am heading to Europe on Monday for a 4 week vacation cycling the Alps and seeing friends and family in Paris and London. I will be answering  email and support questions but there will be no newsletters until September.

The NASDAQ composite slipped 2% this week as technology stocks moved lower. Volumes were well below the 50 day average showing enthusiasm for the tech. sector is waning. Despite weakness in the NASDAQ index, compared to the other two major indexes, our market trend indicator for the index remains positive.

NASDAQ Chart
Volatility Squeeze stocks significantly outperformed cup and handle pattern breakouts this week with an average gain of 6.75%.

Since Goldman Sachs first warned that the FANG  stocks (Facebook, Amazon, Netflix, Google)  were showing signs of being in a bubble, support for them has eroded. Netflix and Alphabet (formerly Google) have been hit hardest as the following table shows.

Symbol Name Max. High Last Close % Loss
FB Facebook 155.14 151.075 2.62%
AMZN Amazon 1011.75 968.51 4.27%
NFLX Netflix 166.87 149.41 10.46%
GOOG Alphabet C 988.25 908.73 8.05%
GOOGL Alphabet A 1008.61 929.68 7.83%

New Features this Week

No new features this week.
 
Strategy Suggestions

Our latest strategy suggestions are here.
 
Breakouts Summary by Watchlist for Week Beginning 06/26/17
List Breakouts Avg. Gain
CWH 11 -0.18
SQZ 4 6.75
HTF 1 1.44
HSB
0
DB 1 -2.75
Breakouts Detail for Week Beginning 06/26/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-06-26 STRL SQZ y 11.13 12 94 13.07 17.43% 18.78%
2017-06-27 SPNE SQZ y 10.70 11 84 11.52 7.66% 8.69%
2017-06-26 FSTR CWH n 20.15 21 95 21.45 6.45% 8.93%
2017-06-28 ESPR CWH n 44.54 48 98 46.31 3.97% 8.49%
2017-06-26 REGI CWH n 12.55 13 89 12.95 3.19% 3.98%
2017-06-29 PFBC SQZ y 51.95 54 85 53.47 2.93% 3.95%
2017-06-30 ARNA HTF n 16.65 17 99 16.89 1.44% 1.44%
2017-06-28 ENOC CWH n 7.65 8 89 7.725 0.98% 1.31%
2017-06-28 CSIQ CWH n 15.78 16 82 15.925 0.92% 1.39%
2017-06-28 CX CWH n 9.35 9 83 9.41 0.64% 0.86%
2017-06-28 CRY CWH n 19.93 20 82 19.95 0.1% 0.85%
2017-06-26 NRG SQZ y 17.40 18 81 17.22 -1.03% 2.01%
2017-06-28 ORBC CWH n 11.47 12 80 11.3 -1.48% 1.13%
2017-06-28 HCI DB n 48.31 49 88 46.98 -2.75% 1.95%
2017-06-29 BDE CWH n 6.80 7 87 6.6 -2.94% 2.94%
2017-06-29 BEBE CWH n 6.37 7 87 5.965 -6.36% 6.75%
2017-06-28 GBX CWH n 49.95 50 92 46.25 -7.41% 2.6%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday June 30, 2017
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
BPI 15.21 290,272 Bridgepoint Education - Inc. Education & Training Services 97 14.77
FIG 8.04 1,577,922 Fortress Investment Group LLC Asset Management 93 7.99
TGH 14.75 560,144 Textainer Group Holdings Limited Rental & Leasing Services 93 14.50
PNRA 314.88 560,212 Panera Bread Company Specialty Eateries 93 314.64
VAC 128.25 428,259 Marriot Vacations Worldwide Corporation Resorts & Casinos 93 117.75
MRCY 43.15 674,556 Mercury Systems Inc Computer Peripherals 92 42.09
NORD 32.79 1,080,273 Nord Anglia Education - Inc. Education & Training Services 92 32.57
MTZ 46.35 1,222,474 MasTec - Inc. Heavy Construction 92 45.15
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 21349.6
-0.21% 8.03% Up
NASDAQ 6140.42
-1.99% 14.07% Up
S&P 500 2423.41
-0.61% 8.24% 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
Dow Jones NASDAQ Composite
3.87 %
NASDAQ Composite
14.07 %
NASDAQ Composite
14.07 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Home Health Care
Home Health Care
Consumer Services
Consumer Services
Most Improved Industry (by change in technical rank2)
Publishing - Periodicals
34
Publishing - Books
59
Computers Wholesale
185
Computers Wholesale
166
Charts of each industry rank and performance over 12 months are available on the site

 

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