Breakoutwatch Weekly Summary 11/18/17

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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
The NASDAQ Composite set another new high on Thursday in response to the House of Representatives passing it's tax bill. The bill promises lower corporate tax rates which should lead to higher corporate profits and higher share prices. The index slipped slightly on Friday, as the Senate has not yet finalized it's tax bill and doubts remain that the two bills can be reconciled. For the week, the index closed with a modest 0.5% gain while the DJI and S&P 500 suffered small losses.


I have temporarily suspended publication of the High Tight Flag watchlist. There were some spuriously low data values for September 28 that was tricking the algorithm for some stocks on September 28. The HTF watchlist will return just as soon as I have cleaned the data.

Cup and Handle (CWH) and Volatility Squeeze (SQZ) stocks again dominated the breakouts. CNCE was the best performer after breaking out form a long CWH base. Note in the inset chart below how how the price rose on strong volume in the two days before breakout. This is a common sign that a breakout is about to occur.

CNCE Breakout 
New Features this Week

No new features this week.

I noticed there are some errors on the daily report and these should be corrected beginning Monday.
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 11/13/17
List Breakouts Avg. Gain
CWH 4 4.51
SQZ 4 0.96


DB 1 5.08
Breakouts Detail for Week Beginning 11/13/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-11-13 CNCE CWH n 18.45 19 91 20.67 12.03% 19.73%
2017-11-14 HOLI SQZ y 23.48 26 86 25.4 8.18% 15.8%
2017-11-17 LTM DB n 13.78 14 76 14.48 5.08% 5.15%
2017-11-17 BURL CWH n 101.63 105 80 104.73 3.05% 3.16%
2017-11-16 FRPT CWH n 17.70 18 90 18.1 2.26% 4.8%
2017-11-16 MODN SQZ y 14.36 14 86 14.55 1.32% 4.11%
2017-11-17 VRSN SQZ y 112.98 114 88 113.75 0.68% 0.9%
2017-11-17 GES CWH y 17.54 18 88 17.66 0.68% 3.76%
2017-11-15 FENG SQZ y 6.30 6 94 5.9 -6.35% 2.86%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday November 17, 2017
Symbol BO
Company Industry RS
SORL 8.45 879,358 SORL Auto Parts - Inc. - Common Stock Auto Manufacturers - Major 94 6.56
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 23362.3
-0.26% 18.21% Up
NASDAQ 6781.84
0.46% 25.98% Up
S&P 500 2578.97
-0.13% 15.19% 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
NASDAQ Composite NASDAQ Composite
7.79 %
Dow Jones
12.29 %
NASDAQ Composite
25.98 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
Manufactured Housing
Most Improved Industry (by change in technical rank2)
Publishing - Periodicals
Aerospace/Defense - Major Diversified
Medical Practitioners
Medical Practitioners
Charts of each industry rank and performance over 12 months are available on the site


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