Breakoutwatch Weekly Summary 09/08/18

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Contents
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 Could Test Support Next Week After Heavy Selling Volume As the week began, investors looked at the new highs set in the previous week and wondered how long this could continue. They looked at the NASDAQ with a particularly jaundiced aye and sold off the technology sector giving the index a loss of 2.6%. The DJI and S&P 500 gave up 0.2% and 1.0% respectively. The chart shows that volumes for the NASDAQ were above the 50 day average and it appears that support at the 50 day average will be tested next week. Despite the negative week, our trend indicators remain positive. Friday's employment report showed wages are starting to increase which ignited fears that inflation could increase. It is virtually certain that there will be a further increase in the Fed funds rate this month. The downtrend produced fewer breakouts this week. The best performer was VRA (Vera Bradley) which gapped up 9% above its breakout price on Wednesday following an earnings report that beat expectations. There was little in the stock chart to suggest a strong breakout was coming, and as the gap up exceeded the suggested 5% limit it was difficult to jump on to.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 09/03/18
List	Breakouts	Avg. Gain
CWH	4	4.16
SQZ	1	3.55
HTF		0
HSB		0
DB	2	4.51

Breakouts Detail for Week Beginning 09/03/18
Brkout Date	Symbol	Base	Squeeze	BrkoutOut Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2018-09-05	VRA	CWH	n	14.89	16.4	92	16.77	12.63%	12.49%
2018-09-05	ULTA	DB	n	253.95	274.93	78	285.8	12.54%	8.82%
2018-09-07	EAT	SQZ	y	45.87	47.5	82	47.5	3.55%	-0.92%
2018-09-03	HSKA	DB	n	102.87	47.5	78	105.02	2.09%	0.2%
2018-09-06	TIER	CWH	n	23.82	24.49	81	24.3	2.02%	1.68%
2018-09-07	FLDM	CWH	n	7.92	8.03	91	8.03	1.39%	-4.17%
2018-09-07	PTC	CWH	n	98.31	98.9	90	98.9	0.6%	-1.33%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday September 07, 2018
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
FLOW	48.79	294,435	SPX FLOW - Inc. Common Stock	Diversified Machinery	99	47.20
XPO	106.22	1,786,416	XPO Logistics - Inc.	Air Delivery & Freight Services	98	106.18
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	25916.5	-0.19%	4.84%	Up
NASDAQ	7902.54	-2.55%	14.47%	Up
S&P 500	2871.68	-1.03%	7.41%	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 3.36 %	NASDAQ Composite 4.52 %	NASDAQ Composite 14.47 %

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)
Gas Utilities 70	Manufactured Housing 207	Toy & Hobby Stores 189	REIT - Healthcare Facilities 190
Charts of each industry rank and performance over 12 months are available on the site

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