Breakoutwatch Weekly Summary 06/15/19

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
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
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
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 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
Manufactured Housing
Manufactured Housing
Music & Video Stores
Charts of each industry rank and performance over 12 months are available on the site


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