Breakoutwatch Weekly Summary 03/02/19

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Weekly Commentary

Volatility Squeeze Breakouts Average 8.4% Gains


The NASDAQ comfortably outperformed the other major indexes with a 0.9% gain. Only the DJI slipped as the markets digested some conflicting economic news. The estimate for Q4 GDP growth (2.6%) was below that of the two previous quarters implying that the economy is slowing. That concern was offset by a rise in consumer confidence and extension of the deadline for imposing higher tariffs in Chinese imports. The NASDAQ is now comfortably above what was resistance at the 200 dma level which now becomes a support level should the market fall.

NASDAQ Chart

This was a strong week for breakouts with 20 from the cup and handle pattern and 6 from a Volatility Squeeze. On average the Volatility Squeeze candidates delivered an 8.4% gain. A volatility squeeze occurs when the Keltner Channel falls within the 2 SD Bollinger Band. We put stocks that meet this requirement and have positive and increasing momentum on our Volatility Squeeze watchlist.The best performer this week was ACAD:

ACAD Chart

New Features this Week

No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

I regret I was not able to make progress on the new strategies this week due to other commitments. I hope to make better progress next week.
Breakouts Summary by Watchlist for Week Beginning 02/25/19
List Breakouts Avg. Gain
CWH 20 2.26
SQZ 6 8.43
HTF
0
HSB
0
DB
0
Breakouts Detail for Week Beginning 02/25/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-02-25 ETSY CWH y 60.58 59.01 98 72.77 20.12% 21.05%
2019-02-27 GWPH CWH y 153.64 173.99 83 177.34 15.43% 16.91%
2019-02-27 ACAD SQZ y 23.57 25.53 90 26.6 12.86% 15.4%
2019-02-25 NTWK SQZ y 7.15 7.33 89 8.02 12.17% 15.66%
2019-02-26 NTWK SQZ y 7.34 7.42 90 8.02 9.26% 12.67%
2019-02-28 COKE SQZ y 229.17 247.86 93 248.2 8.3% 9.94%
2019-02-27 NTWK SQZ y 7.43 7.95 91 8.02 7.94% 11.31%
2019-02-26 NOA CWH n 11.60 12.36 97 12.52 7.93% 14.4%
2019-02-25 HYGS CWH n 8.15 8.67 90 8.7 6.75% 10.06%
2019-03-01 LYV CWH n 57.40 61.04 84 61.04 6.34% 7.75%
2019-03-01 DCO CWH n 43.79 46.27 88 46.27 5.66% 7.97%
2019-02-28 GKOS CWH n 70.41 74.17 97 72.7 3.25% 7.24%
2019-03-01 FL CWH n 61.36 63.07 85 63.07 2.79% 10.82%
2019-02-28 CNMD CWH n 76.63 76.9 80 78.76 2.78% 2.98%
2019-02-25 SSNC CWH n 60.86 61.37 89 62.45 2.61% 3.42%
2019-03-01 REPH CWH n 9.28 9.42 92 9.42 1.51% 2.64%
2019-02-27 DKS CWH n 38.55 39.38 83 38.98 1.12% 6.02%
2019-03-01 AMBC CWH n 20.21 20.37 80 20.37 0.79% 3.96%
2019-02-25 CWST CWH n 35.58 35.79 92 35.79 0.59% 1.18%
2019-02-26 AZO CWH n 926.75 935 87 929.32 0.28% 4.06%
2019-03-01 PNM CWH n 44.71 44.79 81 44.79 0.18% 0.49%
2019-03-01 CHRS SQZ y 14.35 14.36 83 14.36 0.07% 1.81%
2019-02-26 CASY CWH n 136.39 136.95 87 134.85 -1.13% 1.51%
2019-02-25 SPWH CWH n 6.31 6.51 93 6.18 -2.06% 6.02%
2019-02-25 OFIX CWH n 66.10 67.71 86 58.98 -10.77% 12.62%
2019-02-27 BOX CWH n 24.79 24.88 81 20.09 -18.96% 0.55%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday March 01, 2019
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
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 26026.3
-0.02% 11.57% Up
NASDAQ 7595.35
0.9% 14.47% Up
S&P 500 2803.69
0.39% 11.84% 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
1.91 %
Dow Jones
0.24 %
NASDAQ Composite
14.47 %
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)
Hospitals
96
Diversified Computer Systems
101
Music & Video Stores
203
Synthetics
210
Charts of each industry rank and performance over 12 months are available on the site

 

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