Breakoutwatch Weekly Summary 03/03/18
You are receiving this email because you are or were a BreakoutWatch.com 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.
| Double Blind-side Hurts Breakouts The week started well with a gap up for the NASDAQ on Monday but the markets were hit by the first of two blind-sides on Tuesday when new Fed Chairman Powell announced before Congress that his economic projections have increased since the December FOMC meeting. This was interpreted to mean that interest rates will rise faster than expected and the NASDAQ suffered its first of three consecutive distribution days. The second blind-side came on Wednesday when Trump unexpectedly announced tariffs of 25% and 10% on imported steel and aluminum. The negative reaction at home and abroad, particularly among White House advisers and Republicans, leaves some doubt as to whether these tariffs will stand, at least in their presently announced form. Our market trend indicators continue to remain positive but until the tariff details are announced, and the timing is uncertain, caution is suggested. The index found support at its 50 day moving average level on Thursday and Friday, but if that level is breached we may see the 200 day level tested as it was on February 9. The number of cup and handle pattern breakouts increased to 14 after just 5 last week although gains were a modest 1.2% on average. Volatility Squeeze breakouts fared better with 29 breakouts and an average gain of 1.9%.  |
| No new features this week. |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 14 | 1.18 |
| SQZ | 29 | 1.91 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 1 | 0.45 |
| Brkout Date | Symbol | Base | Squeeze | BrkoutOut Price | Brkout Day Close | RS Rank* | Last Close | Current % off BOP | Gain at Intraday High |
|---|---|---|---|---|---|---|---|---|---|
| 2018-02-27 | CCXI | SQZ | y | 9.68 | 9.76 | 89 | 10.8 | 11.57% | 12.09% |
| 2018-02-26 | ALDX | SQZ | y | 7.61 | 7.7 | 93 | 8.4 | 10.38% | 17.61% |
| 2018-02-28 | TEAM | SQZ | y | 52.92 | 54.29 | 91 | 58.17 | 9.92% | 10.45% |
| 2018-02-28 | GRVY | CWH | n | 85.93 | 86.87 | 98 | 93.64 | 8.97% | 9.04% |
| 2018-03-02 | GPS | SQZ | y | 31.66 | 34.18 | 84 | 34.18 | 7.96% | 8.56% |
| 2018-03-01 | LE | SQZ | y | 18.01 | 18.8 | 84 | 19.35 | 7.44% | 8% |
| 2018-02-26 | ITCI | CWH | n | 20.29 | 20.36 | 92 | 21.8 | 7.44% | 9.91% |
| 2018-02-28 | KIN | SQZ | y | 8.56 | 8.9 | 85 | 9.15 | 6.89% | 8.64% |
| 2018-02-28 | GSVC | SQZ | y | 7.49 | 8.12 | 91 | 7.98 | 6.54% | 12.42% |
| 2018-03-01 | HSII | SQZ | y | 26.41 | 26.95 | 80 | 27.6 | 4.51% | 6.02% |
| 2018-03-02 | AXGN | CWH | n | 31.75 | 33 | 96 | 33 | 3.94% | 7.72% |
| 2018-02-28 | DENN | SQZ | y | 14.98 | 15.04 | 82 | 15.48 | 3.34% | 3.6% |
| 2018-03-02 | XLRN | SQZ | y | 40.62 | 41.91 | 86 | 41.91 | 3.18% | 4.16% |
| 2018-03-02 | ITCI | CWH | n | 21.14 | 21.8 | 85 | 21.8 | 3.12% | 5.49% |
| 2018-03-02 | LE | SQZ | y | 18.81 | 19.35 | 92 | 19.35 | 2.87% | 3.4% |
| 2018-03-02 | DENN | SQZ | y | 15.05 | 15.48 | 82 | 15.48 | 2.86% | 3.12% |
| 2018-03-02 | CCXI | CWH | y | 10.50 | 10.8 | 92 | 10.8 | 2.86% | 3.33% |
| 2018-03-01 | KIN | SQZ | y | 8.91 | 8.95 | 88 | 9.15 | 2.69% | 4.38% |
| 2018-02-26 | FRPT | SQZ | y | 19.76 | 19.95 | 87 | 20.25 | 2.48% | 4.76% |
| 2018-03-02 | LPSN | CWH | n | 14.95 | 15.25 | 93 | 15.25 | 2.01% | 2.68% |
| 2018-03-02 | BPMC | CWH | n | 93.53 | 95.28 | 96 | 95.28 | 1.87% | 1.91% |
| 2018-03-02 | RYAM | CWH | n | 20.99 | 21.37 | 88 | 21.37 | 1.81% | 2.14% |
| 2018-03-02 | SRI | SQZ | y | 22.84 | 23.2 | 85 | 23.2 | 1.58% | 2.1% |
| 2018-03-02 | INFN | CWH | n | 10.25 | 10.41 | 81 | 10.41 | 1.56% | 2.15% |
| 2018-02-27 | USAT | SQZ | y | 8.41 | 8.5 | 94 | 8.5 | 1.07% | 2.85% |
| 2018-03-02 | VNOM | SQZ | y | 23.18 | 23.34 | 87 | 23.34 | 0.69% | 1.64% |
| 2018-02-26 | OPB | SQZ | y | 28.76 | 28.85 | 80 | 28.9 | 0.49% | 2.05% |
| 2018-03-02 | UPLD | DB | n | 24.18 | 24.29 | 84 | 24.29 | 0.45% | 1.49% |
| 2018-03-02 | FIVE | CWH | n | 68.38 | 68.66 | 89 | 68.66 | 0.41% | 0.98% |
| 2018-03-02 | FEYE | CWH | n | 17.18 | 17.25 | 84 | 17.25 | 0.41% | 0.64% |
| 2018-03-01 | TGLS | SQZ | y | 9.14 | 9.15 | 82 | 9.17 | 0.33% | 0.44% |
| 2018-02-26 | DST | SQZ | y | 83.08 | 83.21 | 92 | 83.3 | 0.26% | 0.39% |
| 2018-03-02 | DST | SQZ | y | 83.18 | 83.3 | 92 | 83.3 | 0.14% | 0.16% |
| 2018-03-01 | JUNO | SQZ | y | 86.78 | 86.84 | 98 | 86.87 | 0.1% | 0.17% |
| 2018-02-26 | BGC | SQZ | y | 29.86 | 29.87 | 96 | 29.7 | -0.54% | 0.13% |
| 2018-02-26 | WATT | SQZ | y | 22.45 | 22.46 | 97 | 22.25 | -0.89% | 4.45% |
| 2018-03-01 | GPRK | SQZ | y | 9.91 | 9.92 | 89 | 9.81 | -1.01% | 1.82% |
| 2018-02-26 | CVGW | SQZ | y | 86.61 | 88.1 | 85 | 85.35 | -1.45% | 2.47% |
| 2018-02-26 | XLRN | SQZ | y | 42.92 | 44.74 | 91 | 41.91 | -2.35% | 8.9% |
| 2018-02-26 | BSBR | CWH | n | 11.72 | 11.83 | 87 | 11.19 | -4.52% | 1.79% |
| 2018-02-26 | SYX | SQZ | y | 30.52 | 30.76 | 97 | 28.92 | -5.24% | 2.23% |
| 2018-02-26 | RGS | CWH | n | 16.95 | 17 | 87 | 16.01 | -5.55% | 1.06% |
| 2018-02-26 | BCOR | CWH | n | 24.90 | 24.92 | 84 | 22.95 | -7.83% | 1.2% |
| 2018-02-26 | VRX | SQZ | y | 18.69 | 18.87 | 80 | 14.88 | -20.39% | 2.94% |
| *RS Rank on day before breakout. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| ZGNX | 44.70 | 925,342 | Zogenix - Inc. - Common Stock | Drug Manufacturers - Major | 98 | 43.30 |
| BZUN | 39.98 | 2,373,330 | Baozun Inc. - American Depositary Shares | Catalog & Mail Order Houses | 95 | 35.75 |
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts |
||||||
| Index | Value | Change Week | Change YTD | Trend1 |
|---|---|---|---|---|
| Dow | 24609 |
-2.77% | -0.45% | Up |
| NASDAQ | 7181 |
-2.13% | 4.02% | Up |
| S&P 500 | 2677.42 |
-2.54% | 0.14% | 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
NASDAQ Composite 1.56 % |
Dow Jones 11.92 % |
NASDAQ Composite 4.02 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Drug Related Products |
Resorts & Casinos |
Auto Parts Wholesale |
Resorts & Casinos |
| Foreign Utilities 59 |
Foreign Utilities 98 |
Semiconductor - Memory Chips 203 |
Medical Practitioners 214 |
| Charts of each industry rank and performance over 12 months are available on the site | |||
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