Breakoutwatch Weekly Summary 10/14/17

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

Weekly Commentary
New EPS Filter Suggestion - see Strategy Suggestions

The major indexes made new all time highs once again this week although overall gains for the week were modest. The DJI had the strongest showing as earnings season opened and Financial stocks mostly exceeded expectations.

NASDAQ volume was mostly at or below the 50 day average with the exception of Thursday when volume was higher but the result was a distribution day. As a consequence, the number of breakouts was significantly reduced to just 9 compared to 23 last week.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.

Revised FiltersWhile reviewing the strategy suggestions this week, I noticed an error in the proposed filters. The graphic showed that a filter of EPS >= 0 should be set. This is incorrect as that excludes stocks with negative projected EPS values. The correct setting should be EPS <= 99 to include all EPS vales.
Breakouts Summary by Watchlist for Week Beginning 10/09/17
List Breakouts Avg. Gain
CWH 8 2.33
SQZ 1 3.92
Breakouts Detail for Week Beginning 10/09/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-10-10 RICK CWH n 25.90 26 93 27.64 6.72% 7.14%
2017-10-12 NMIH CWH n 12.60 13 82 13.35 5.95% 7.94%
2017-10-12 PAR SQZ y 10.46 12 96 10.87 3.92% 12.72%
2017-10-11 SA CWH n 12.90 13 82 13.4 3.88% 4.65%
2017-10-13 CF CWH n 36.51 37 86 36.8 0.79% 1.34%
2017-10-13 COUP CWH n 35.69 36 80 35.88 0.53% 0.87%
2017-10-13 FTAI CWH n 18.18 18 82 18.25 0.39% 0.77%
2017-10-12 FBNK CWH n 28.25 28 81 28.35 0.35% 0.88%
2017-10-13 NFLX CWH n 199.40 199 95 199.49 0.05% 0.71%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday October 13, 2017
Symbol BO
Company Industry RS
GNBC 24.40 316,173 Green Bancorp - Inc. - Common Stock Money Center Banks 96 23.35
WRLD 86.32 159,194 World Acceptance Corporation - Common Stock Credit Services 95 82.88
FRBK 9.70 275,020 Republic First Bancorp - Inc. - Common Stock Regional - Northeast Banks 94 9.15
CYD 23.83 117,114 China Yuchai International Limited Common Stock Diversified Machinery 93 23.19
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 22871.7
0.43% 15.73% Up
NASDAQ 6605.8
0.24% 22.71% Up
S&P 500 2553.17
0.15% 14.04% Up
1The Market Trend is derived from our proprietary market model. The market model is described on the site here.
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 Dow Jones
4.65 %
NASDAQ Composite
12.79 %
NASDAQ Composite
22.71 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Research Services
Most Improved Industry (by change in technical rank2)
Semiconductor - Memory Chips
Medical Practitioners
Medical Practitioners
Medical Practitioners
Charts of each industry rank and performance over 12 months are available on the site


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