Breakoutwatch Weekly Summary 09/29/18

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
 50 Day Average Provides NASDAQ Support

The NASDAQ made a modest gain of 0.7% while the DJI and S&P 500 made losses of 1% and 0.5% respectively. The Fed raised interest rates 0.25% on Wednesday which surprisingly caused the markets to turn south after the announcement despite the rate rise being expected and presumably already priced in.

The 50 day moving average or thereabouts can be seen to be a consistent support level for the NASDAQ. A sustained breach of that level would be an early warning of a possible correction to come.


The best performing breakout for the week, BCOR, came from a Volatility Squeeze breakout. As is often the case, the breakout was preceded by rising volume which was well above average on the day before breakout. The methodology for a Volatility Squeeze candidate is described here.


New Features this Week
Smartphone Site Version in Beta Test

If you access on your smartphone you will be able to access a version of  the site. Use the menu icon to login and navigate. Not all desktop site functionality is available as many of the legacy pages do not adapt easily to the smartphone format. I will be enhancing the functionality as time and life permit. Please let me know of any defects you would like addressed.

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Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 09/24/18
List Breakouts Avg. Gain
CWH 1 5.3
SQZ 5 4.15
DB 1 3.31
Breakouts Detail for Week Beginning 09/24/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-09-27 BCOR SQZ y 36.81 37.05 90 40.25 9.35% 3.78%
2018-09-27 CEO CWH n 187.59 193.08 87 197.54 5.3% 3.9%
2018-09-26 GMED SQZ y 54.66 56.02 88 56.76 3.84% 0.68%
2018-09-26 AMOT SQZ y 52.42 52.62 93 54.43 3.83% 0.23%
2018-09-26 LOXO DB n 165.35 171.75 93 170.83 3.31% 2.76%
2018-09-26 TGLS SQZ y 9.53 9.65 81 9.83 3.15% 3.57%
2018-09-26 PLNT SQZ y 53.73 54.16 94 54.03 0.56% 0.06%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday September 28, 2018
Symbol BO
Company Industry RS
NDLS 12.55 798,458 Noodles & Company - Common Stock Restaurants 97 12.10
XOXO 34.63 411,750 XO Group - Inc. Common Stock Specialty Retail - Other 95 34.48
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 26458.3
-1.07% 7.04% Up
NASDAQ 8046.35
0.74% 16.56% Up
S&P 500 2913.98
-0.54% 8.99% 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 Dow Jones
7.14 %
NASDAQ Composite
17.12 %
NASDAQ Composite
16.56 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Auto Parts Stores
Internet Service Providers
Auto Parts Stores
Auto Parts Stores
Most Improved Industry (by change in technical rank2)
Computer Based Systems
Computer Based Systems
Computer Based Systems
Basic Materials Wholesale
Charts of each industry rank and performance over 12 months are available on the site


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