Breakoutwatch Weekly Summary 06/29/19

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Weekly Commentary
Cup and Handle Pattern Stocks Dominate Breakouts:Volatility Squeeze Breakouts Post Best Returns

In a week that saw the major indexes retreat modestly as trade and interest rate uncertainty continued, the number of breakouts continued at a level similar to last week's. Volatility Squeeze (SQZ) breakouts gave the best average return at 4.8% and one SQZ stock (CNST) delivered a massive 22% gain. Fifteen Cup and Handle (CWH) breakouts delivered an average return of 2.3%.

The news from the G-20 summit that trade talks with China would resume with a hold on increasing tariffs and a reprieve for US tech companies allowing them to sell parts to Huawei, will likely lift the markets Monday morning, although the trade resumption was already somewhat priced in.

NASDAQ Chart

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 06/24/19
List Breakouts Avg. Gain
CWH 15 2.26
SQZ 8 4.83
HTF
0
HSB
0
DB 1 0.31
Breakouts Detail for Week Beginning 06/24/19
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2019-06-28 CNST SQZ y 10.10 12.28 93 12.28 21.58% 28.61%
2019-06-28 IBP SQZ y 55.20 59.22 90 59.22 7.28% 7.36%
2019-06-27 OFG CWH n 22.21 23.66 90 23.77 7.02% 12.34%
2019-06-26 FBM CWH n 16.65 16.69 97 17.78 6.79% 6.61%
2019-06-28 CMLS SQZ y 17.61 18.55 82 18.55 5.34% 8.92%
2019-06-27 ESE CWH n 78.87 79.95 87 82.62 4.75% 4.86%
2019-06-28 VPG CWH n 39.60 40.63 80 40.63 2.6% 2.8%
2019-06-27 LMRK CWH n 16.50 16.72 87 16.85 2.12% 2.12%
2019-06-28 TDY CWH n 269.35 273.87 87 273.87 1.68% 1.68%
2019-06-28 FBP SQZ y 10.86 11.04 84 11.04 1.66% 2.85%
2019-06-28 AIN CWH n 81.57 82.91 85 82.91 1.64% 2.28%
2019-06-26 DSPG SQZ y 14.13 14.39 82 14.36 1.63% 3.47%
2019-06-28 KEYS CWH n 88.60 89.81 90 89.81 1.37% 1.38%
2019-06-28 HASI CWH n 27.81 28.18 91 28.18 1.33% 1.44%
2019-06-28 JBT CWH n 119.57 121.13 92 121.13 1.3% 2.79%
2019-06-28 CSWI SQZ y 67.31 68.15 90 68.15 1.25% 2.69%
2019-06-28 AME CWH n 89.82 90.84 83 90.84 1.14% 1.04%
2019-06-28 GLT CWH n 16.75 16.88 81 16.88 0.78% 0.96%
2019-06-28 CZR CWH n 11.74 11.82 93 11.82 0.68% 1.11%
2019-06-28 CCC CWH n 15.31 15.38 89 15.38 0.46% 1.05%
2019-06-28 BRC SQZ y 49.15 49.32 80 49.32 0.35% 1.04%
2019-06-28 WIRE DB n 58.40 58.58 72 58.58 0.31% 1.34%
2019-06-28 ABG CWH n 84.09 84.34 87 84.34 0.3% 1.87%
2019-06-25 ATAX SQZ y 7.15 7.23 85 7.12 -0.42% 3.92%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday June 28, 2019
Symbol BO
Price		 BO
Vol.		 Company Industry RS
Rank		 Last
Close
MX 11.00 532,992 MagnaChip Semiconductor Corporation Semiconductor - Specialized 91 10.35
SNR 7.07 661,437 New Senior Investment Group Inc. Processing Systems & Products 90 6.72
TERP 14.59 1,056,440 TerraForm Power - Inc. Diversified Utilities 86 14.30
VIV 13.33 2,069,217 Telefonica Brasil S.A. Wireless Communications 86 13.02
PBR 16.71 22,937,880 Petroleo Brasileiro S.A. - Petrobras Oil & Gas Drilling & Exploration 86 15.57
DRNA 16.95 610,894 Dicerna Pharmaceuticals - Inc. Biotechnology 86 15.75
VIAV 13.90 3,781,596 Viavi Solutions Inc. Communication Equipment 84 13.29
TGS 15.79 1,185,656 Transportadora de Gas del Sur S.A. Gas Utilities 83 14.46
CSTM 10.38 1,448,344 Constellium N.V. Metal Fabrication 80 10.04
These stocks meet 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 26600
 -0.45% 14.03% Up
NASDAQ 8006.24
 -0.32% 20.66% Up
S&P 500 2941.76
 -0.29% 17.35% 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
S&P 500 S&P 500
3.58 %		 NASDAQ Composite
21.59 %		 NASDAQ Composite
20.66 %
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)
Agricultural Chemicals
71		 Agricultural Chemicals
92		 Manufactured Housing
203		 Music & Video Stores
209
Charts of each industry rank and performance over 12 months are available on the site

 

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