Breakoutwatch Weekly Summary 05/26/18
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| New Features this Week
| Top Cup and Handle Chart Pattern Stocks
| Best Performing Index
Best Performing Industry
Most Improved Industry
|NASDAQ Trends Higher Despite
I wish all my readers and subscribers a happy and safe memorial Day weekend.
The NASDAQ added 1.1% this week as the trade war with China appeared to be on hold, at least until the next policy reversal, and talks with North Korea were on, of and then on again, maybe. Markets were also satisfied that the minutes of the last FOMC meeting showed that rate hikes may not be as aggressive as feared and that the Fed may tolerate an inflation rate slightly above the target 2%.
The NASDAQ chart shows volatility has calmed as the index moved sideways with a slight upwards trend. Friday's volume was well below the 50 day average due to the pending 3-day weekend. Our market trend signals remain positive.
No new features this week
Our latest strategy suggestions are here.
|Brkout Date||Symbol||Base||Squeeze||BrkoutOut Price||Brkout Day Close||RS Rank*||Last Close||Current % off BOP||Gain at Intraday High|
|*RS Rank on day before breakout.|
|BKI||50.15||1,459,878||Black Knight - Inc. Common Stock||Paper & Paper Products||99||49.90|
|MAR||138.96||2,578,524||Marriott International - Class A Common Stock||Lodging||97||137.97|
|DQ||66.12||631,600||DAQO New Energy Corp. American Depositary Shares -||Semiconductor Equipment & Materials||96||65.70|
|MVO||9.86||50,824||MV Oil Trust Units of Beneficial Interests||Independent Oil & Gas||95||9.83|
|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|
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|
|1 Week||3 Weeks||13 Weeks||26 Weeks|
||Home Health Care
||Publishing - Books
|Tobacco Products - Other
|Tobacco Products - Other
|Charts of each industry rank and performance over 12 months are available on the site|
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