Breakoutwatch Weekly Summary 02/23/19

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.

Weekly Commentary
Buy At Open Strategy Launched

The NASDAQ Composite flirted with the 200 day moving average for the first 3 trading days of this shortened week before finally breaking through on slightly above average volume on Friday. Positive news from the trade talks with China gave the impetus for the accumulation day. The index gained 0.7% for the week and bested the other 2 major indexes.

Low volumes limited the number of breakouts this week to just 7.

A software bug that I unknowingly introduced last weekend threw off our alerts for the week. The daily watchlists were not updated on Tuesday through Thursday with the result that alerts sent on those days were based off last Friday's watchlists and therefore weren't relevant to each day's trading. This was corrected Thursday evening and the watchlists published on Friday for next Monday's trading are correct.

New Features this Week
Buy At Open Strategy Launched

This week I started sending out emails containing stocks that meet our Buy At Open strategy guidelines. These emails go to Test Drive and Platinum subscribers. Only two stocks met the guidelines, one on Tuesday and one on Friday. Tuesday's email contained:
These are our daily selection(s) for the Buy at Open Strategy

The strategy is described here:

There was only one symbol today that met the criteria

		symbol: JKS
		Minimum price to buy at open: 16.99
		Maximum price to buy at open: 17.84
		Daily trailing stop if bought at open: 17.2

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JKS closed on Friday 23% above its breakout price.

Friday's email suggested one stock to buy at open on Monday and was sent to Test Drive and Platinum subscribers.
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 02/18/19
List Breakouts Avg. Gain
CWH 5 7.25
SQZ 2 1.85
Breakouts Detail for Week Beginning 02/18/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-02-20 JKS CWH n 16.99 17.86 93 20.94 23.25% 23.31%
2019-02-20 AMRC CWH y 15.50 16.23 92 16.76 8.13% 9.68%
2019-02-22 LPSN CWH n 26.54 27.39 95 27.39 3.2% 5.5%
2019-02-22 NTWK SQZ y 6.98 7.14 88 7.14 2.29% 3.15%
2019-02-22 ACRE SQZ y 14.87 15.08 82 15.08 1.41% 3.16%
2019-02-22 GIL CWH n 34.70 35.08 81 35.08 1.1% 1.47%
2019-02-22 PDVW CWH y 45.25 45.5 91 45.5 0.55% 6.94%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday February 22, 2019
Symbol BO
Company Industry RS
No stocks met 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 26031.8
0.57% 11.59% Up
NASDAQ 7527.54
0.74% 13.45% Up
S&P 500 2792.67
0.62% 11.4% 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
NASDAQ Composite NASDAQ Composite
7.19 %
Dow Jones
0.94 %
NASDAQ Composite
13.45 %
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)
Drugs Wholesale
Consumer Services
Music & Video Stores
Charts of each industry rank and performance over 12 months are available on the site


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