Breakoutwatch Weekly Summary 01/19/19

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
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.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 01/14/19
List Breakouts Avg. Gain
CWH 4 2.77
SQZ 2 1.7
DB 1 4.58
Breakouts Detail for Week Beginning 01/14/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-01-17 PAR CWH n 23.50 24.03 97 24.66 4.94% 5.66%
2019-01-15 VEEV DB n 101.39 101.4 95 106.03 4.58% 5.28%
2019-01-18 DPZ SQZ y 258.95 267.46 80 267.46 3.29% 3.49%
2019-01-15 AUDC CWH n 12.30 12.59 98 12.6 2.44% 5.45%
2019-01-17 RBA CWH n 35.42 35.64 84 36.25 2.34% 3.27%
2019-01-18 PKE CWH n 22.47 22.77 91 22.77 1.34% 1.93%
2019-01-17 JRVR SQZ y 38.85 39.48 81 38.89 0.1% 4.12%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday January 18, 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 24706.3
2.96% 5.91% Up
NASDAQ 7157.23
2.66% 7.87% Up
S&P 500 2670.71
2.87% 6.54% Up
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
Dow Jones Dow Jones
-2.9 %
Dow Jones
-1.4 %
NASDAQ Composite
7.87 %
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)
CATV Systems
Long-Term Care Facilities
Charts of each industry rank and performance over 12 months are available on the site


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