Breakoutwatch Weekly Summary 07/21/18

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
NASDAQ Consolidation Begins as Selling Volume Increases

Last weeks prediction that the NASDAQ could be ready for consolidation did not come true immediately. The index did close with a small loss on Monday but then went on to set another new high on Tuesday led by Amazon, Alphabet, Microsoft and Charles Schwab. The momentum did not carry through though, and the rest of the week brought small losses as selling volume increased. Wednesday delivered a distribution day and Thursday also saw a loss on above average volume. Friday delivered another loss following end of session selling across all three major indexes as investors reacted to further threats from Trump of tariffs on $500 billion worth of Chinese goods and further criticism of the Fed. The NASDAQ closed with a small loss of 0.7% for the week.

The chart below shows average volumes have fallen since early July as investors depart on vacation. This is particularly true on Friday's as yesterday's volume shows. Consequently, breakouts on above average volume have diminished and this pattern will likely continue through August.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 07/16/18
List Breakouts Avg. Gain
CWH 3 1.37
SQZ 2 5.92
DB 1 2.94
Breakouts Detail for Week Beginning 07/16/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-07-16 VFC SQZ y 84.85 88.8 84 92.94 9.53% 7.26%
2018-07-20 BMI DB n 51.05 52.55 79 52.55 2.94% -0.59%
2018-07-17 ZFGN CWH n 10.35 10.56 97 10.65 2.9% 2.22%
2018-07-18 SHOO SQZ y 53.91 55.5 83 55.15 2.3% 2.39%
2018-07-20 ECHO CWH n 31.25 31.45 85 31.45 0.64% -2.4%
2018-07-19 HCA CWH n 107.38 107.7 81 108 0.58% -0.32%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday July 20, 2018
Symbol BO
Company Industry RS
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 25058.1
0.15% 1.37% Up
NASDAQ 7820.2
-0.07% 13.28% Up
S&P 500 2801.83
0.02% 4.8% 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
9.43 %
NASDAQ Composite
6.59 %
NASDAQ Composite
13.28 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Manufactured Housing
Manufactured Housing
Manufactured Housing
Home Health Care
Most Improved Industry (by change in technical rank2)
Dairy Products
Dairy Products
Long Distance Carriers
Manufactured Housing
Charts of each industry rank and performance over 12 months are available on the site


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