Breakoutwatch Weekly Summary 01/19/19
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
| Top Cup and Handle Chart Pattern Stocks
| Best Performing Index
Best Performing Industry
Most Improved Industry
|Breakoutwatch Trend Indicators
Confirm Market Rally
Our trend indicators turned positive on Monday, January 14 and the three major indexes continued to advance on the strength of the financial sector and growing optimism that tariffs on Chinese imports may be eased and the China may reduce the balance of trade between the two countries. This benefited the DJI and S&P 500 more than the NASDAQ which nevertheless gained a healthy 2.7% and leads the three major indexes for the year to date with a 7.9% gain. Historically, the NASDAQ tends to outperform the other two indexes and our data shows that breakouts are more likely to come from that index.
The chart shows that volumes are still below average indicating there is still some reluctance over the sustainability of the rally and this constrained the number of breakouts we confirmed as having met the 1.5 times average volume requirement. I expect these reservations to dissipate as the rally moves forward.
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.|
|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
|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) 01/19/2019 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.