Breakoutwatch Weekly Summary 01/05/19
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.
| New Features this Week
| Breakdowns Summary
Top Cup and Handle Chart Pattern Stocks
| Best Performing Index
Best Performing Industry
Most Improved Industry
|Trend Indicators Still Negative as
Volatility Constrains Long and Short Position Breakouts
Despite a winning week for the NASDAQ our trend indicators remain negative even though Friday delivered a 4.3% gain on above average volume. This followed a 2% loss on Thursday, also on above average volume. Volume earlier in the week was also low due to the holidays and so the indicator remains unconvinced that an upward trend is in place. Nevertheless, Friday's strong jobs report and moderating comments from Fed Chairman Powell may lead investors to believe that Christmas Eve marked the bottom of the current correction.
The markets are not clear of concerns over a global recession, led by China, and domestic issues may mean we will continue to see high volatility.
Both breakouts and breakdowns failed to deliver satisfying gains as volatility swings whipsawed both long and short positions.
No new features this week
Our latest strategy suggestions are here.
|Brkout Date||Symbol||Base||Squeeze||Brkout Price||Brkout Day Close||RS Rank*||Last Close||Current % off BOP||Gain at Intraday High|
|*RS Rank on day before breakout.|
|B'down Date||Symbol||Base||B'down Price||B'down Day Close||B'down Vol % ADV||B'Down Day % Gain||Last Close||Gain % at Last Close||Gain % at Intraday Low|
|01/04/19||BGNE||SS||128.30||127.86||180.3||0.3 %||127.86||0.3 %||6.4 %|
|01/04/19||NNN||HS||47.89||47.81||114.4||0.2 %||47.81||0.2 %||0.6 %|
|01/03/19||BGNE||SS||129.99||128.30||474.6||1.3 %||127.86||1.7 %||20.4 %|
|01/03/19||SAVE||HS||54.77||53.96||104.7||1.5 %||56.1||-2.4 %||4.3 %|
|01/02/19||SMAR||SS||24.56||24.21||189.3||1.4 %||23.62||4 %||10.3 %|
|01/02/19||NNN||HS||47.89||47.29||142.8||1.3 %||47.81||0.2 %||1.9 %|
|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|
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|
|1 Week||3 Weeks||13 Weeks||26 Weeks|
||Auto Parts Stores
|Long-Term Care Facilities
|Aerospace/Defense - Major Diversified
|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) 01/05/2019 NBIcharts, LLC dba BreakoutWatch.com. All
" 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.