Breakoutwatch Weekly Summary 03/30/19

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Weekly Commentary
Tepid Volume Limits Breakout Performance

The NASDAQ Composite gained 1.1% this week but did so on mostly less than average volume that kept the index flat for the first 4 days. Evidence that the economy is slowing appeared on Thursday as the Treasury revised 4th quarter growth down from 2.6% to 2.2% but Friday brought positive news and an uptick in volume as the Treasury yield curve re-inverted allaying fears that a recession was due in 2020.

Although stocks generally moved higher the number of confirmed breakouts fell from 14 last week to just 8 this week. This is because confirmation requires that breakout volume be at least 1.5 times the 50 day average volume. If volumes remain low then this low breakout rate will continue.


New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 03/25/19
List Breakouts Avg. Gain
CWH 5 1.8
SQZ 3 1.56
Breakouts Detail for Week Beginning 03/25/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-03-27 LULU CWH y 158.67 161.85 87 163.87 3.28% 8.05%
2019-03-27 LXFR CWH n 24.24 24.73 92 24.98 3.05% 3.55%
2019-03-26 NVS CWH n 93.89 95.02 81 96.14 2.4% 2.58%
2019-03-26 COTY SQZ y 11.24 11.27 84 11.49 2.22% 2.49%
2019-03-26 EVA SQZ y 31.64 31.66 80 32.25 1.93% 3.89%
2019-03-28 COTY SQZ y 11.43 11.5 85 11.49 0.52% 0.79%
2019-03-29 DPG CWH n 14.90 14.94 82 14.94 0.27% 0.67%
2019-03-29 ZGNX CWH n 55.00 55.01 92 55.01 0.02% 2.73%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday March 29, 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 25928.7
1.7% 11.15% Up
NASDAQ 7729.32
1.1% 16.49% Up
S&P 500 2834.4
1.2% 13.07% 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 NASDAQ Composite
12.43 %
Dow Jones
-2 %
NASDAQ Composite
16.49 %
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)
Air Services - Other
Internet Service Providers
Music & Video Stores
Foreign Utilities
Charts of each industry rank and performance over 12 months are available on the site


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