Breakoutwatch Weekly Summary 12/02/17

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
Best Performing Index
Best Performing Industry
Most Improved Industry

Weekly Commentary
Data Reliability Has Been Compromised but Corrections are In Place

Markets extended their gains this week driven mainly by expectations of a Corporate tax cut. Now that the Senate has passed its  version it seems likely that a reconciled bill will pass both houses within a week or two, which should continue the bull market.

The NASDAQ Chart is showing weakness as investors rotate out of technology (down 2%) and into telecom services (+6.7%), financials (+5.2%), industrials (+2.9%), and energy (+2.7%) (Source:;

The site has experienced some data outages recently as both Yahoo and Google have changed their policies on allowing data downloads.  Unfortunately watchlists for Thursday could not be produced on Wednesday, and there has been some inconsistencies in the daily reports. I have worked  hard to find new, reliable data sources and I expect these difficulties to be behind us.

Because watchlists were not available for Thursday, one of the strongest days for the NASDAQ, breakout statistics for the week are more slim than usual. I expect the data source changes already put in place will lead to more reliable data next week.


New Features this Week

No new features this week.
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 11/27/17
List Breakouts Avg. Gain
CWH 1 5.75
SQZ 3 0.57
DB 1 1.7
Breakouts Detail for Week Beginning 11/27/17
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2017-11-30 SGMO CWH n 15.65 16 99 16.55 5.75% 12.46%
2017-11-30 RVNC SQZ y 27.11 28 90 27.65 1.99% 4.57%
2017-12-01 PTLA DB y 53.03 54 91 53.93 1.7% 3.17%
2017-11-27 UPLD SQZ y 23.00 23 91 23.13 0.57% 7.78%
2017-11-30 XENT SQZ y 30.36 31 95 30.1 -0.86% 1.45%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday December 01, 2017
Symbol BO
Company Industry RS
CLUB 6.35 223,674 Town Sports International Holdings - Inc. - Common Sporting Activities 97 6.20
SORL 8.45 970,558 SORL Auto Parts - Inc. - Common Stock Auto Manufacturers - Major 95 7.18
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 24272
3.03% 22.82% Up
-0.22% 27.7% Up
S&P 500 2641.11
1.49% 17.97% 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
10.39 %
Dow Jones
14.46 %
NASDAQ Composite
27.7 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Auto Parts Wholesale
Auto Parts Wholesale
Resorts & Casinos
Most Improved Industry (by change in technical rank2)
Sporting Activities
Publishing - Periodicals
Medical Practitioners
Medical Practitioners
Charts of each industry rank and performance over 12 months are available on the site


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