Breakoutwatch Weekly Summary 11/03/18
You are receiving this email because you are or were a BreakoutWatch.com 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.
| 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.  |
| No new features this week |
|
Our latest strategy
suggestions are here.
|
| List | Breakouts | Avg. Gain |
|---|---|---|
| CWH | 9 | 0.01 |
| SQZ | 2 | 14.75 |
| HTF | 0 | |
| HSB | 0 | |
| DB | 1 | 5.93 |
| 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. | |||||||||
| Symbol | BO Price |
BO Vol. |
Company | Industry | RS Rank |
Last Close |
|---|---|---|---|---|---|---|
| These stocks meet our suggested screening factors
for our Cup and Handle Chart Pattern watchlist. See Revised Rules for Trading Cup and Handle Breakouts |
||||||
| 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. |
||||
| 1 Week | 13 Weeks | 26 Weeks | Year-to-Date |
|---|---|---|---|
| NASDAQ Composite |
Dow Jones -0.75 % |
Dow Jones 4.16 % |
NASDAQ Composite 6.57 % |
| 1 Week | 3 Weeks | 13 Weeks | 26 Weeks |
|---|---|---|---|
| Foreign Utilities |
Foreign Utilities |
Auto Parts Stores |
Auto Parts Stores |
| Manufactured Housing 191 |
Manufactured Housing 195 |
Music & Video Stores 215 |
Music & Video Stores 215 |
| 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 BreakoutWatch.com site and you will then be able to register to receive the newsletter.
Copyright (c) 11/03/2018 NBIcharts, LLC dba BreakoutWatch.com. All
rights reserved.
" BreakoutWatch," the BreakoutWatch.com "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.