Breakoutwatch Weekly Summary 01/30/21

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Weekly Commentary
Market Turmoil Hurts Investors Despite Positive Earnings Reports

Although the NASDAQ again set a new high on Monday, the squeeze on short sellers and market disruption by brokers caused the index to lose 3.5%. The market mood was not helped by the likely delay of the stimulus passage for some weeks. The fixation on the turmoil caused the market to overlook better than expected earnings reports from Apple (AAPL), Microsoft (MSFT), Facebook (FB), and Tesla (TSLA). There was also promising macro-economic news in that the economy improved at an annual rate of 4% in the 4th quarter. Hopefully, the volatility will diminish next week and the markets will resume the upward trend.
NASDAQ Chart
Volatility Squeeze stocks fared best this week with 6 of 19 breakouts gaining more than 10%. The outstanding performer was Novavax (NVAX) which gained 74% on Friday after a long squeeze while investors waited for the results of its vaccine trials. Their patience was rewarded when Novavax said its vaccine candidate produced an 89.3% efficacy rate in its Phase 3 trial in the UK. Watchers of this stock could have been alerted a breakout was coming if they had noticed the increase in volume on Wednesday and Thursday.

Novavax Chart
Chart of the Week

After looking over the Cup and Handle and Volatility Squeeze watchlists as of Friday's close, I don't see anything that I could suggest in this category this week.

New Features this Week

No new features this week
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 01/25/21
List Breakouts Avg. Gain
CWH 9 1.5
SQZ 19 10.37
HTF 5 -4.98
HSB
0
DB
0
Breakouts Detail for Week Beginning 01/25/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-01-25 NVAX SQZ y 126.99 131.46 98 220.94 73.98% 85.45%
2021-01-28 NVAX SQZ y 131.19 134.01 98 220.94 68.41% 79.51%
2021-01-25 CLDX SQZ y 17.81 18.82 97 21.62 21.39% 24.82%
2021-01-26 RVP SQZ y 13.59 15.69 96 16.09 18.4% 28.7%
2021-01-27 SRNE CWH n 10.78 15.23 90 12.66 17.44% 57.88%
2021-01-29 ONCS SQZ y 6.85 7.71 94 7.71 12.55% 14.16%
2021-01-27 CLGN HTF n 16.32 17 82 18.22 11.64% 13.82%
2021-01-27 BIG CWH n 54.59 65.05 80 59.68 9.32% 22.73%
2021-01-27 FREQ SQZ y 37.17 38.47 84 38.99 4.9% 17.03%
2021-01-28 SRT CWH n 8.36 8.54 81 8.74 4.55% 6.7%
2021-01-26 HIMX HTF n 9.07 9.76 93 9.48 4.52% 13.34%
2021-01-27 AZUL SQZ y 21.01 21.75 80 21.95 4.47% 12.47%
2021-01-29 BNTX CWH n 112.83 116.94 88 116.94 3.64% 4.73%
2021-01-29 AHCO SQZ y 37.26 38.27 88 38.27 2.71% 4.05%
2021-01-29 AMRK SQZ y 27.99 28.58 86 28.58 2.11% 4.04%
2021-01-26 RBBN SQZ y 7.20 7.31 89 7.31 1.53% 9.44%
2021-01-28 FREQ SQZ y 38.48 40.5 88 38.99 1.33% 12.76%
2021-01-25 KODK SQZ y 9.47 9.55 95 9.59 1.27% 47.73%
2021-01-29 MGI CWH n 7.59 7.67 94 7.67 1.05% 14.62%
2021-01-28 AZUL SQZ y 21.76 22.77 83 21.95 0.87% 8.59%
2021-01-29 FTCH SQZ y 60.73 61.24 96 61.24 0.84% 1.37%
2021-01-26 QRTEA CWH n 12.51 13.02 90 12.6 0.72% 9.99%
2021-01-28 MEC SQZ y 13.96 14.13 87 14 0.29% 2.72%
2021-01-25 NSCO SQZ y 7.67 7.81 89 7.62 -0.65% 10.95%
2021-01-25 SSSS CWH n 14.79 14.96 88 14.67 -0.81% 7.37%
2021-01-26 FCEL HTF n 20.94 21.64 99 20.76 -0.86% 19.39%
2021-01-25 MN SQZ y 6.27 6.31 90 6.12 -2.39% 1.91%
2021-01-25 INSE SQZ y 6.56 6.61 85 6.09 -7.16% 3.35%
2021-01-25 JD CWH n 96.20 98.38 81 88.69 -7.81% 5.7%
2021-01-27 NSCO SQZ y 8.27 8.29 91 7.62 -7.86% 2.9%
2021-01-25 LTBR HTF n 7.08 8.41 90 6.35 -10.31% 31.5%
2021-01-26 WWR CWH n 7.47 8.15 95 6.38 -14.59% 22.49%
2021-01-28 WBAI HTF n 14.90 15.1 97 10.45 -29.87% 4.03%
*RS Rank on day before breakout.
Top Rated Cup and Handle Stocks as of Friday January 29, 2021
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
WYY 14.99 773,314 WidePoint Corporation Information Technology Services 99 12.60
CYH 11.45 3,370,640 Community Health Systems - Inc. Medical Care Facilities 90 9.32
CRMD 9.21 686,668 CorMedix Inc. Biotechnology 85 8.75
ACB 13.32 47,850,532 Aurora Cannabis Inc. Drug Manufacturers - Specialty & Generic 83 11.15
QFIN 18.38 1,732,092 360 DigiTech - Inc. Credit Services 83 17.40
SSL 11.61 1,528,216 Sasol Ltd. American Depos Oil & Gas Integrated 83 10.44
SQNS 8.39 1,034,343 Sequans Communications S. Semiconductors 82 7.90
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 29982.6
-3.27% -2.04% Up
NASDAQ 13070.7
-3.49% 1.42% Up
S&P 500 3714.24
-3.31% -1.11% 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
19.79
NASDAQ Composite
21.64
NASDAQ Composite
1.42
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Solar
Uranium
Silver

Most Improved Industry (by change in technical rank2)
Trucking
31
Electrical Equipment & Parts
64
Department Stores
130
Department Stores
133
Charts of each industry rank and performance over 12 months are available on the site

 

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