Breakoutwatch Weekly Summary 11/03/18

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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
Trend Indicators Remain Negative Despite Strong Week for the Markets

The NASDAQ and other major indexes rose more than 2% this week but a distribution day on Friday left our trend indicators in the negative. Friday opened strongly on positive employment numbers and suggestion of a trade deal with China from the President, but the market quickly soured when the White House denied a deal was imminent. Friday's close at 7357 left the NASDAQ in correction territory 10.5% below its August 30 high.

The mid-week strength produced several high performing breakouts from both the cup and handle and volatility squeeze patterns, but as out breakouts detail table below shows, gains of more than a day or two can be elusive in this volatile market. I continue to suggest that caution is needed until our trend indicators turn positive.

Note also that no stocks met our criteria for inclusion on top rated list.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 10/29/18
List Breakouts Avg. Gain
CWH 9 0.01
SQZ 2 14.75
DB 1 5.93
Breakouts Detail for Week Beginning 10/29/18
Brkout Date Symbol Base Squeeze BrkoutOut Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2018-10-30 EHTH SQZ y 29.45 32.93 94 34.35 16.64% 19.9%
2018-11-01 ENSG CWH n 39.64 41.65 93 45.95 15.92% 19.32%
2018-10-30 HQCL CWH n 8.55 9.69 86 9.7 13.45% 13.92%
2018-10-31 HZO SQZ y 22.01 22.76 71 24.84 12.86% 14.22%
2018-10-31 FEYE CWH n 17.54 18.49 72 18.67 6.44% 11.52%
2018-10-31 CDW DB n 83.11 90.01 83 88.04 5.93% 10.91%
2018-11-01 GLOG CWH n 21.10 22.29 89 22.31 5.73% 9.67%
2018-11-02 WLDN CWH n 33.93 34.61 85 34.61 2% 2.27%
2018-11-01 CNK CWH n 42.09 42.17 85 40.55 -3.66% 2.73%
2018-10-30 RDNT CWH n 15.31 14.9 82 14.65 -4.31% -0.65%
2018-10-30 EPM CWH n 11.16 10.05 92 9.94 -10.93% -2.78%
2018-10-30 NDLS CWH n 12.55 9.52 96 9.47 -24.54% -22.49%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday November 02, 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 25270.8
2.36% 2.23% Down
NASDAQ 7356.99
2.65% 6.57% Down
S&P 500 2723.06
2.42% 1.85% Down
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
-0.75 %
Dow Jones
4.16 %
NASDAQ Composite
6.57 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Foreign Utilities
Foreign Utilities
Auto Parts Stores
Auto Parts Stores
Most Improved Industry (by change in technical rank2)
Manufactured Housing
Manufactured Housing
Music & Video Stores
Music & Video Stores
Charts of each industry rank and performance over 12 months are available on the site


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