Breakoutwatch Weekly Summary 06/09/18

You are receiving this email because you are or were a 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
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
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.

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 06/04/18
List Breakouts Avg. Gain
CWH 9 3.48
SQZ 2 0.44
DB 1 -0.21
Breakouts Detail for Week Beginning 06/04/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-06-05 VRX CWH n 22.09 23.59 93 25.79 16.75% 12.9%
2018-06-04 MUR CWH n 31.64 31.66 81 33.74 6.64% 4.77%
2018-06-06 COOL CWH n 27.80 30.95 84 29.05 4.5% 3.13%
2018-06-06 AMBC CWH n 19.68 20.19 82 20.16 2.44% 0.71%
2018-06-06 HLI CWH n 49.70 50.07 80 50.23 1.07% -0.42%
2018-06-06 RIO CWH n 58.85 60.67 81 59.22 0.63% 1.21%
2018-06-08 VG CWH n 11.61 11.68 80 11.68 0.6% -3.36%
2018-06-06 CTX SQZ y 24.05 24.09 99 24.18 0.54% 0.5%
2018-06-07 CTX SQZ y 24.10 24.19 99 24.18 0.33% 0.29%
2018-06-08 LAYN CWH n 15.83 15.85 90 15.85 0.13% -1.52%
2018-06-06 AIA DB n 68.15 69.15 70 68.01 -0.21% 0.18%
2018-06-04 PRO CWH n 35.68 35.73 82 35.18 -1.4% -0.22%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday June 08, 2018
Symbol BO
Company Industry RS
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
Major Index Summary
Index Value Change Week Change YTD Trend1
Dow 25316.5
2.77% 2.42% Up
NASDAQ 7645.51
1.21% 10.75% Up
S&P 500 2779.03
1.62% 3.94% 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
1.12 %
NASDAQ Composite
11.78 %
NASDAQ Composite
10.75 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
Manufactured Housing
Manufactured Housing
Publishing - Books
Most Improved Industry (by change in technical rank2)
Electronics Stores
Tobacco Products - Other
Sporting Goods Stores
Manufactured Housing
Charts of each industry rank and performance over 12 months are available on the site


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