Breakoutwatch Weekly Summary 01/23/21

You are receiving this email because you are or were a BreakoutWatch.com 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.
Newsletter Archive: https://www.breakoutwatch.com/content/newsletters

Weekly Commentary
Volatility Squeeze Stocks Outperfom with 4.8% Average gain

Volatility Squeeze breakouts fared better than cup and handle breakouts with an average gain of 4.75%. This is explained by the NASDAQ being flat the previous week, allowing the volatility of many stocks to fall inside their Bollinger Band. The flat area is shown between the vertical bars on the chart below. To understand the Volatility Squeeze pattern, see Volatility Squeeze Methodology.
 
If new subscribers are wondering why I focus on the NASDAQ Composite each week, it's because most breakouts come from NASDAQ listed stocks. For example, this week, 30 breakouts, out of 41 came from the NASDAQ, 10 from the NYSE and one from the AMEX. That has been true for the 20 years that I have operated this site and will likely continue. This week, the NASDAQ was particularly strong with a 4.2% gain and every day the volume substantially exceeded the 50 day average. The mega tech stocks  Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOG), and Facebook (FB) rose between 6-9% this week while NFLX shares surged 13.5%
NASDAQ Chart

Chart of the Week
SuRo Capital Corp. (SSSS) specializes in growth capital, B round and beyond, emerging growth, and pre-IPO investments in late stage venture-backed private companies. SuRo 4.6% on Friday from the bottom if its handle on above average volume and could move higher on Monday

SSSS 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 01/18/21
List Breakouts Avg. Gain
CWH 12 1.28
SQZ 33 4.75
HTF 1 13.12
HSB
0
DB 1 9.99
Breakouts Detail for Week Beginning 01/18/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-01-19 IPWR SQZ y 9.01 9.87 95 14 55.38% 88.68%
2021-01-19 CLCT SQZ y 77.49 77.8 93 91.65 18.27% 18.47%
2021-01-19 USAK SQZ y 9.54 10.36 80 11.05 15.83% 24.32%
2021-01-19 SIC SQZ y 7.71 7.72 91 8.81 14.27% 16.6%
2021-01-21 DQ HTF n 85.55 94.47 98 96.77 13.12% 15.43%
2021-01-19 GNSS SQZ y 7.14 7.38 86 7.95 11.34% 13.45%
2021-01-19 FIZZ DB y 89.50 92.68 74 98.44 9.99% 10.61%
2021-01-21 FUV CWH n 19.25 23.06 98 20.88 8.47% 23.06%
2021-01-22 TTEC SQZ y 76.92 82.89 83 82.89 7.76% 10.1%
2021-01-21 FOSL SQZ y 9.19 9.52 87 9.87 7.4% 8.05%
2021-01-22 WYY CWH n 13.53 14.49 99 14.49 7.1% 10.79%
2021-01-22 SIC SQZ y 8.26 8.81 87 8.81 6.66% 8.84%
2021-01-19 NLS SQZ y 19.95 20.03 96 21.18 6.17% 7.72%
2021-01-19 AVNW SQZ y 35.58 38 91 37.63 5.76% 11.02%
2021-01-20 PK SQZ y 17.29 18 81 18.16 5.03% 5.32%
2021-01-19 IMRN SQZ y 6.92 7.23 90 7.26 4.91% 7.66%
2021-01-22 TISI SQZ y 11.12 11.64 87 11.64 4.68% 4.68%
2021-01-21 HOME CWH n 23.89 24.75 98 24.93 4.35% 6.78%
2021-01-22 LMPX SQZ y 25.58 26.59 92 26.59 3.95% 8.09%
2021-01-21 NLS SQZ y 20.40 21.26 95 21.18 3.82% 5.34%
2021-01-21 CHEF SQZ y 27.59 28.54 83 28.62 3.73% 3.95%
2021-01-22 GILT CWH n 9.75 10.1 80 10.1 3.59% 6.05%
2021-01-19 NETE SQZ y 13.22 13.73 96 13.66 3.33% 20.8%
2021-01-22 KODK SQZ y 9.20 9.46 95 9.46 2.83% 6.2%
2021-01-22 IDT CWH n 14.27 14.65 86 14.65 2.66% 3.15%
2021-01-19 IBP CWH y 114.06 115.07 87 117.09 2.66% 11.27%
2021-01-22 NSCO SQZ y 7.49 7.66 89 7.66 2.27% 2.34%
2021-01-22 CIICU SQZ y 32.81 33.55 96 33.55 2.26% 2.26%
2021-01-19 TACT CWH n 9.86 10.01 85 10.03 1.72% 3.75%
2021-01-22 LWAY SQZ y 6.06 6.14 87 6.14 1.32% 2.97%
2021-01-22 PK SQZ y 17.98 18.16 83 18.16 1% 1.28%
2021-01-22 MEC SQZ y 13.49 13.61 81 13.61 0.89% 1.42%
2021-01-19 IRTC SQZ y 250.58 257.61 93 252.74 0.86% 12.79%
2021-01-22 UROV CWH n 16.19 16.24 84 16.24 0.31% 0.31%
2021-01-21 RRR SQZ y 25.67 25.88 85 25.75 0.31% 1.56%
2021-01-20 GDEN SQZ y 19.94 19.99 85 19.95 0.05% 2.43%
2021-01-20 AVNW SQZ y 38.01 38.64 93 37.63 -1% 3.92%
2021-01-20 PARR SQZ y 14.23 14.37 82 14.04 -1.34% 1.9%
2021-01-20 RBBN SQZ y 6.92 7.08 88 6.81 -1.59% 4.48%
2021-01-20 LAZY CWH n 19.82 20.1 96 19.36 -2.32% 3.94%
2021-01-20 VNOM CWH n 14.99 15.07 80 14.6 -2.6% 1.07%
2021-01-19 IGMS SQZ y 97.16 102.5 89 94.29 -2.95% 9.82%
2021-01-20 MESA SQZ y 6.83 6.9 84 6.61 -3.22% 3.07%
2021-01-19 HZNP CWH n 81.16 81.2 87 77.73 -4.23% 1.75%
2021-01-19 ACMR CWH n 104.26 104.72 85 97.6 -6.39% 2.91%
2021-01-19 ALTM SQZ y 51.92 52.01 97 47.76 -8.01% 4.01%
2021-01-20 SNDX SQZ y 23.90 23.98 87 20.23 -15.36% 1.67%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday January 22, 2021
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
SRNE 10.78 24,975,022 Sorrento Therapeutics - Inc. Biotechnology 89 9.64
QRTEA 12.51 6,489,272 Qurate Retail - Inc. Internet Retail 89 11.73
SSSS 14.79 616,398 SuRo Capital Corp. Asset Management 88 14.66
EIGI 9.49 1,390,946 Endurance International Group Holdings - Inc. Software - Application 87 9.48
SSL 11.61 1,581,111 Sasol Ltd. American Depos Oil & Gas Integrated 83 10.67
CONN 14.68 559,940 Conn's - Inc. Specialty Retail 82 13.69
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 30997
0.59% 1.28% Up
NASDAQ 13543.1
4.19% 5.08% Up
S&P 500 3841.47
1.94% 2.27% 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
17.27
NASDAQ Composite
30.68
NASDAQ Composite
5.08
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Uranium
Aluminum
Silver

Most Improved Industry (by change in technical rank2)
Residential Construction
35
Coking Coal
75
Department Stores
133
Department Stores
135
Charts of each industry rank and performance over 12 months are available on the site

 

If you received this newsletter from a friend and you would like to receive it regularly please go to the BreakoutWatch.com site and you will then be able to register to receive the newsletter.

Copyright (c) 01/23/2021 NBIcharts, LLC dba BreakoutWatch.com. All rights reserved.
" BreakoutWatch," the BreakoutWatch.com "eye" logo, and the slogan "tomorrow's breakouts today" are service marks of NBIcharts LLC. All other marks are the property of their respective owners, and are used for descriptive purposes only.

BreakoutWatch is not affiliated with Investor's Business Daily or with Mr. William O'Neil. Our site, research and analysis is supported entirely by subscription and is free from advertising.