Breakoutwatch Weekly Summary 06/15/19

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Weekly Commentary
NASDAQ Composite Trends Down; Caveat Emptor Although the week started with a gap up on Monday in response to the faux deal with Mexico the index failed to breach the resistance level set by the recent bearish head and shoulders pattern. The NASDAQ trended down for the rest of the week as volumes fell away and the rising tensions with Iran saw the index fall 0.5% on Friday. Although the index did gain 0.7% compared to last Friday's close, our trend indicator model senses that the index is in a downward trend. The negative trend is reflected in the performance of attempted breakouts this week. Cup and handle pattern breakouts, which usually deliver the best returns, failed to deliver a positive result on average Although it's not a good marketing message for the site, I suggest extreme caution before going long until the trend reverses.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 06/10/19
List	Breakouts	Avg. Gain
CWH	5	-0.02
SQZ	4	3.7
HTF		0
HSB		0
DB		0

Breakouts Detail for Week Beginning 06/10/19
Brkout Date	Symbol	Base	Squeeze	Brkout Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2019-06-11	CRMD	SQZ	y	7.41	7.95	99	8	7.96%	11.47%
2019-06-11	BBL	SQZ	y	46.81	48.35	84	48.22	3.01%	4.12%
2019-06-10	REV	SQZ	y	23.34	24.02	84	23.96	2.66%	5.1%
2019-06-11	RILY	CWH	n	20.75	21.13	81	21.05	1.45%	2.07%
2019-06-11	LION	SQZ	y	29.81	30.36	82	30.16	1.17%	2.15%
2019-06-10	KMX	CWH	n	81.59	82.36	90	82.04	0.55%	2.13%
2019-06-11	SAH	CWH	n	23.48	23.63	95	23.51	0.13%	2.43%
2019-06-10	WMS	CWH	n	30.97	31.3	82	31	0.1%	2.29%
2019-06-14	VTR	CWH	n	66.42	23.63	81	64.86	-2.35%	-1.49%
^*RS Rank on day before breakout.

Top Rated Cup and Handle Stocks as of Friday June 14, 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	26089.6	0.41%	11.84%	Up
NASDAQ	7796.66	0.7%	17.5%	Down
S&P 500	2886.98	0.47%	15.16%	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	S&P 500 1.41 %	NASDAQ Composite 12.82 %	NASDAQ Composite 17.5 %

Best Performing Industry (by average technical score over each period)
1 Week	3 Weeks	13 Weeks	26 Weeks
Insurance Brokers	Insurance Brokers	Foreign Utilities	Auto Parts Stores

Most Improved Industry (by change in technical rank²)
Toy & Hobby Stores 43	Manufactured Housing 97	Manufactured Housing 199	Music & Video Stores 209
Charts of each industry rank and performance over 12 months are available on the site

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