Breakoutwatch Weekly Summary 10/16/21

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Weekly Commentary
NASDAQ Gains 2.2% on Earnings, Retail sales, Inflation News

Earning season kicked off with mostly better than expected earnings, particularly by banks.  Retail sales increased 0.7% month-on-month and the 10-year Treasury yield decreased by 3 basis points implying peak inflation may be here. The result was a 2.2% gain for the NASDAQ with the S&P 500 lagging at 1.8% and the DJI at 1.6%.

The NASDAQ closed above its 50 day moving average on Friday for the first time since September 27 but Friday's  hanging doji candlestick shows uncertainty that the next move will be upwards.

Chart of the Week
Genesis Energy (GEL) may not breakout on Monday but the stock is one to watch in the coming days due to the nicely shaped cup and ascending right side handle. GEL is in the Oil and Gas Midstream industry group which has an industry rank of 10, putting it very on the list of strong industries.

GEL 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 10/11/21
List Breakouts Avg. Gain
CWH 15 1.85
SQZ 31 -0.24
Breakouts Gaining at Least 5% for Week Beginning 10/11/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-10-12 ALOT SQZ y 15.95 15.96 90 17.08 7.08% 7.91%
2021-10-13 ALOT SQZ y 15.97 16.36 90 17.08 6.95% 7.77%
*RS Rank on day before breakout.
CwH Stocks Likely to Close above BoP at Next Session*
Symbol Company Industry RS Rank Last Close BoP % off BoP
PUYI Puyi Inc. Asset Management 83 6 6.12 98.04
HAYN Haynes International, Inc. Metal Fabrication 89 39.58 40.63 97.42
CNSL Consolidated Communications Holdings, Inc. Telecom Services 93 9.46 9.70 97.53
FFIC Flushing Financial Corporation Banks - Regional 89 23.21 23.81 97.48
TSQ Townsquare Media, Inc. Advertising Agencies 91 13.48 13.75 98.04
TRIL Trillium Therapeutics Inc. Biotechnology 97 17.5 17.91 97.71
CSTR CapStar Financial Holdings, Inc. Banks - Regional 92 21.82 22.00 99.18
GEL Genesis Energy, L.P. Oil & Gas Midstream 89 11.58 11.95 96.9
BHF Brighthouse Financial, Inc. Insurance - Life 84 49.35 50.96 96.84
SVBI Severn Bancorp Inc Banks - Regional 84 12.9 13.12 98.32
GLNG Golar LNG Limited Oil & Gas Midstream 82 13.54 14.36 94.29
*These stocks were selected using our price breakout model. This model correctly selected CWH stocks that met or exceeded their breakout price with 80% probability over Jan. 2019 to Nov. 2020. This does not imply that on any one day, 80% or any of the stocks selected will meet or exceed their breakout price.
Top Rated Cup and Handle Stocks as of Friday October 15, 2021
Symbol BO
Company Industry RS
TRIL 17.91 5,063,840 Trillium Therapeutics Inc. Biotechnology 97 17.50
CNSL 9.70 501,909 Consolidated Communications Holdings - Inc. Telecom Services 93 9.46
GEL 11.95 1,400,339 Genesis Energy - L.P. Oil & Gas Midstream 89 11.58
GLNG 14.36 1,472,927 Golar LNG Limited Oil & Gas Midstream 82 13.54
FCF 14.47 569,569 First Banks - Regional 80 14.09
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 35294.8
1.58% 15.32% Down
NASDAQ 14897.3
2.18% 15.59% Down
S&P 500 4471.37
1.82% 19.05% Down
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
S&P 500
S&P 500
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Thermal Coal
Luxury Goods
Grocery Stores
Most Improved Industry (by change in technical rank2)
Aerospace & Defense
Aerospace & Defense
Aerospace & Defense
Aerospace & Defense
Charts of each industry rank and performance over 12 months are available on the site


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