Breakoutwatch Weekly Summary 05/18/18

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Weekly Commentary
Doji Patterns and Falling Volume Imply Market Direction Uncertainty

The major indexes retreated this week in the face of stalled trade negotiations with China and NAFTA, and a continued rise in Treasury yields which hit 3.11% on Wednesday before slipping back to 3.07% on Friday. These more attractive yields likely pulled some money out of stocks, especially as the risk of trade wars and potential damage to the economy continued.

The NASDAQ Composite has been in retreat since Monday and gave up 0.7% for the week. Falling volume on Thursday and Friday and two doji patterns indicate uncertainty about the direction the market will take. Our market trend indicators for the NASDAQ and other major indicators remain positive.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/14/18
List Breakouts Avg. Gain
CWH 6 2.78
Breakouts Detail for Week Beginning 05/14/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-05-16 M CWH n 31.44 33.17 87 33.96 8.02% 4.83%
2018-05-16 PTCT CWH n 30.78 31.07 95 31.99 3.93% 1.79%
2018-05-16 LXFR CWH n 16.25 16.49 83 16.88 3.88% 2.77%
2018-05-15 DTYS CWH n 23.95 24.64 84 24.43 2% 3.51%
2018-05-15 TX CWH n 40.00 40.44 88 39.81 -0.47% 1.45%
2018-05-16 JOUT CWH n 75.20 75.51 83 74.69 -0.68% -0.45%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday May 18, 2018
Symbol BO
Company Industry RS
MAR 138.96 2,663,498 Marriott International - Class A Common Stock Lodging 97 138.52
COOL 27.80 319,266 PolarityTE - Inc. - Common Stock Multimedia & Graphics Software 94 26.96
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 24715.1
-0.47% -0.02% Up
NASDAQ 7354.34
-0.66% 6.53% Up
S&P 500 2712.97
-0.54% 1.47% 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 NASDAQ Composite
1.59 %
NASDAQ Composite
8.43 %
NASDAQ Composite
6.53 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
Manufactured Housing
Home Health Care
Resorts & Casinos
Most Improved Industry (by change in technical rank2)
Meat Products
Long Distance Carriers
Manufactured Housing
Sporting Goods Stores
Charts of each industry rank and performance over 12 months are available on the site


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