Breakoutwatch Weekly Summary 08/25/18

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 Closes at a New High but Volume Level Constrains Breakouts

The NASDAQ Composite closed at a new high on Friday following a speech by Fed Chairman Powell expressing confidence in the economy while inflation remained within the Fed's target range. Although the NASDAQ closed at a new high it did not surpass the intraday high of 7933 set on July 25 of this year. That resistance level could be tested next week, although it is notable that volume levels this week were mostly below average except for Thursday when the index closed for a small loss. Perhaps the low volume can be attributed to the dog days of summer, but Thursday's higher volume on a down day perhaps indicates that the bears are on the prowl.

The lower volume levels constrained the number of breakouts to just 11 with only modest gains.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 08/20/18
List Breakouts Avg. Gain
CWH 9 0.34
SQZ 2 0.93
Breakouts Detail for Week Beginning 08/20/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-08-20 KSS CWH n 76.69 78.85 93 80.86 5.44% 3.6%
2018-08-24 GNMK CWH n 7.35 7.62 81 7.62 3.67% -2.59%
2018-08-20 SCVL SQZ y 33.18 34.33 92 33.67 1.48% 5.39%
2018-08-22 MOV CWH n 50.62 51.05 94 51.25 1.24% 1.15%
2018-08-21 KMG CWH n 76.61 76.7 88 77.2 0.77% 0.57%
2018-08-20 TLYS CWH n 17.21 17.27 92 17.29 0.46% 0.81%
2018-08-23 MOV SQZ y 51.06 51.25 95 51.25 0.37% 0.27%
2018-08-20 BKE CWH n 26.60 26.75 88 26.55 -0.19% 1.5%
2018-08-21 GNRC CWH n 55.41 55.74 81 54.36 -1.89% 0.43%
2018-08-23 URBN CWH n 47.11 47.17 92 45.6 -3.21% -3.4%
2018-08-20 URBN CWH n 47.11 47.51 93 45.6 -3.21% -0.13%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday August 24, 2018
Symbol BO
Company Industry RS
PBF 50.12 2,971,732 PBF Energy Inc. Class A Common Stock Oil & Gas Refining & Marketing 94 49.80
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 25790.3
0.47% 4.33% Up
NASDAQ 7945.98
1.66% 15.1% Up
S&P 500 2874.69
0.86% 7.52% 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
6.89 %
NASDAQ Composite
8.29 %
NASDAQ Composite
15.1 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Internet Service Providers
Internet Service Providers
Auto Parts Stores
Home Health Care
Most Improved Industry (by change in technical rank2)
Manufactured Housing
Manufactured Housing
Electronics Stores
Manufactured Housing
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 site and you will then be able to register to receive the newsletter.

Copyright (c) 08/25/2018 NBIcharts, LLC dba All rights reserved.
" BreakoutWatch," the "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.