Breakoutwatch Weekly Summary 01/12/19

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
Stronger Performance by Long Position Breakouts

The NASDAQ was the strongest of the three major indexes this week with a 3.4% gain. The gains came early in the week but plateaued in the last 3 days as volumes fell below average and closed with a small loss on Friday. The index looks ready to test resistance at the 200 day moving average but may be limited by uncertainty over the potential length of the Government shutdown. Investors will also be cautious as earnings season opens as forward earnings projections may indicate a slowing of the economy in 2019. A vote in the UK Parliament on Tuesday regarding Brexit may also impact market performance.


The week saw a rebound in long position breakouts with 17 meeting our confirmed breakout criteria and average gains over 2.5%.

Our market trend signals remain negative, however. The purpose of the trend signals is to protect gains when the market turns down and to be conservative when the market recovers so that whipsawing is minimized. This is illustrated by results from our recommended buy on alert strategy backtest. the horizontal lines indicate times when no trades were recommended due to negative market signals. You can see that gains up to the beginning of the current correction were protected when the trend signals turned down.

Protecting Gains

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 01/07/19
List Breakouts Avg. Gain
CWH 7 2.54
SQZ 7 2.93
DB 3 1.47
Breakouts Detail for Week Beginning 01/07/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-01-07 WING SQZ y 62.72 67.43 96 69.99 11.59% 15.15%
2019-01-07 INSP DB n 44.82 45.58 89 47.75 6.54% 8.39%
2019-01-07 TEAM CWH y 90.88 92.71 96 95.65 5.25% 6.7%
2019-01-09 GLOB SQZ y 57.40 60.83 89 60.25 4.97% 8.68%
2019-01-07 LION CWH n 26.84 27.83 92 27.99 4.28% 6.71%
2019-01-10 LQDT CWH n 7.69 7.73 96 7.99 3.9% 4.81%
2019-01-07 FIVN CWH y 44.79 45.89 96 46.38 3.55% 7.43%
2019-01-07 BRG SQZ y 9.90 9.92 91 10.2 3.03% 5.05%
2019-01-11 SBS CWH n 10.36 10.59 95 10.59 2.22% 2.9%
2019-01-08 FIVN SQZ y 45.90 46.94 97 46.38 1.05% 4.84%
2019-01-09 RFIL SQZ y 7.90 8.05 98 7.98 1.01% 4.43%
2019-01-08 ASND DB n 68.98 70.94 93 69.25 0.39% 6.31%
2019-01-08 USG CWH y 43.15 43.16 85 43.02 -0.3% 0.81%
2019-01-10 PRGX SQZ y 9.16 9.21 83 9.11 -0.55% 2.13%
2019-01-09 EFC SQZ y 15.69 15.71 87 15.6 -0.57% 0.96%
2019-01-09 LRN CWH n 24.85 25.02 97 24.58 -1.09% 3.74%
2019-01-09 WRLD DB n 111.73 111.88 88 108.9 -2.53% 3.5%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday January 11, 2019
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 23996
2.4% 2.87% Down
3.44% 5.06% Down
S&P 500 2596
2.53% 3.56% 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
-5.3 %
Dow Jones
-4.09 %
NASDAQ Composite
5.06 %
Best Performing Industry (by average technical score over each period)
1 Week 3 Weeks 13 Weeks 26 Weeks
Foreign Utilities
Foreign Utilities
Foreign Utilities
Auto Parts Stores
Most Improved Industry (by change in technical rank2)
Drug Manufacturers - Other
Drug Manufacturers - Other
Computers Wholesale
Charts of each industry rank and performance over 12 months are available on the site


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