Breakoutwatch Weekly Summary 06/09/18
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.
| New Features this Week
| Top Cup and Handle Chart Pattern Stocks
| Best Performing Index
Best Performing Industry
Most Improved Industry
|Three Factors will Influence
Trading Next Week
Three factors could influence trading next week: the market's reaction to the G7 falling out and the pending tariff war; the outcome of the summit meeting on Tuesday in Singapore and the FOMC meeting next week where it's expected that the Fed will raise interest rates by a further quarter point. Although the markets finished strongly on Friday, as the G7 got underway, the full extent of the disagreement between the US and the other members wasn't evident until Saturday.
The NASDAQ Composite set new all-time highs on Wednesday and again on Thursday while profit taking limited the overall gain for the week to 1.2%. The DJI fared best of the three major indexes with a gain of 2.8% and the S&P 500 gained 1.6%. Friday's less than average volume is a feature of the summer months as traders depart early for the weekend.
I am preparing to leave on a cycling holiday to the Alps and Dolomites and there will be no newsletter for the next 4 weeks.
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.|
|USPH||96.80||84,159||U.S. Physical Therapy - Inc. Common Stock||Specialized Health Services||98||94.35|
|RFP||10.70||409,632||Resolute Forest Products Inc. Common Stock||Paper & Paper Products||94||10.45|
|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|
||Publishing - Books
|Tobacco Products - Other
|Sporting Goods Stores
|Charts of each industry rank and performance over 12 months are available on the site|
If you received this newsletter from a friend and you would like to receive it regularly please go to the BreakoutWatch.com site and you will then be able to register to receive the newsletter.
Copyright (c) 06/09/2018 NBIcharts, LLC dba BreakoutWatch.com. All
" BreakoutWatch," the BreakoutWatch.com "eye" logo, and the slogan "tomorrow's breakouts today" are service marks of NBIcharts LLC. All other marks are the property of their respective owners, and are used for descriptive purposes only.
BreakoutWatch is not affiliated with Investor's Business Daily or with Mr. William O'Neil. Our site, research and analysis is supported entirely by subscription and is free from advertising.