Breakoutwatch Weekly Summary 05/26/18

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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
NASDAQ Trends Higher Despite Geopolitical Uncertainty

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.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 05/21/18
List Breakouts Avg. Gain
CWH 6 8.16
DB 3 1.04
Breakouts Detail for Week Beginning 05/21/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-05-24 SCVL CWH n 26.02 26.34 81 31.8 22.21% 4.73%
2018-05-24 CATO CWH n 18.16 21.45 88 21.83 20.21% 16.8%
2018-05-24 EDU DB n 96.73 104.3 76 100.68 4.08% 3.5%
2018-05-23 EDU DB n 96.73 101.33 70 100.68 4.08% 3.5%
2018-05-23 ZG CWH n 54.15 54.53 85 56.08 3.56% 2.12%
2018-05-24 Z CWH n 54.81 56 85 56.15 2.44% 0.91%
2018-05-25 KORS CWH n 68.42 68.64 89 68.64 0.32% -0.12%
2018-05-24 MSCC CWH n 68.58 68.73 84 68.74 0.23% 0.23%
2018-05-21 EV DB n 57.89 58.06 71 54.98 -5.03% -0.16%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday May 25, 2018
Symbol BO
Company Industry RS
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
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 24753.1
0.15% 0.14% Up
NASDAQ 7433.85
1.08% 7.68% Up
S&P 500 2721.33
0.31% 1.78% 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
1.31 %
NASDAQ Composite
7.91 %
NASDAQ Composite
7.68 %
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
Publishing - Books
Most Improved Industry (by change in technical rank2)
Tobacco Products - Other
Tobacco Products - Other
Manufactured Housing
Manufactured Housing
Charts of each industry rank and performance over 12 months are available on the site


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