Breakoutwatch Weekly Summary 11/13/21

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Weekly Commentary
Inflation Fears Temporarily Hurt Markets

The NASDAQ and other indices took a hit this week as year-on-year inflation hit 6.2% and the increase in just the latest month-on-month was 0.9%. Although the Fed and Administration continue to maintain that this is a temporary phenomenon as a result of supply chain imposed shortages, the investing class fear that 'temporary' may soon become permanent and the Fed will be forced to act soon to raise interest rates, cutting off the supply of cheap money that has fueled the markets' rise. The immediate gut reaction was that the markets sold-off mid-week, but by Friday traders were buying the dip and the major indexes closed flat for the day. For the week, the NASDAQ gave up just 0.7%. Our market trend indicators remain positive
There were just 19 stocks that closed above their breakout price this week and the small losses of the overall market kept average breakout returns low to negative.
Chart of the Week
Our price model has chosen AQST Aquestive Therapeutics, Inc. (AQST) as the stock most likely to breakout next week. The stock has shown a rapid ascent of the cup right side in the last month and closed higher on above average volume on Friday.
AQST 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 11/08/21
List Breakouts Avg. Gain
CWH 5 -0.34
SQZ 14 0.22
Breakouts Gaining at Least 5% for Week Beginning 11/08/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-11-08 AMEH SQZ y 86.00 88.21 98 109.93 27.83% 27.89%
*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
AQST Aquestive Therapeutics, Inc. Biotechnology 89 6.29 6.37 98.74
QUIK QuickLogic Corporation Semiconductors 89 6.62 6.98 94.84
PNRG PrimeEnergy Resources Corporation Oil & Gas E&P 89 68.5 71.59 95.68
WETF WisdomTree Investments, Inc. Asset Management 80 6.86 6.91 99.28
CAL Caleres, Inc. Footwear & Accessories 94 26.77 27.25 98.24
*These stocks were selected using our CWH price breakout model. This model selects stocks likely to close above the breakout price at the next session. When backtested over the three years beginning January 2019 until October 28, 2021, 80% of the stocks selected closed above their breakout price. This does not mean that on any day, 80% of the stocks selected will breakout, but it is the expectation over an extended period of time.
Top Rated Cup and Handle Stocks as of Friday November 12, 2021
Symbol BO
Company Industry RS
PBF 16.46 6,442,814 PBF Energy Inc. Oil & Gas Refining & Marketing 96 15.49
OII 16.36 1,230,022 Oceaneering International - Inc. Oil & Gas Equipment & Services 91 12.84
AQST 6.37 728,527 Aquestive Therapeutics - Inc. Biotechnology 89 6.29
GGAL 12.50 1,401,845 Grupo Financiero Galicia S.A. Banks - Regional 88 11.52
HT 11.82 691,615 Hersha Hospitality Trust Class A REIT - Hotel & Motel 88 11.16
PRQR 8.67 1,180,244 ProQR Therapeutics N.V. Biotechnology 88 7.80
GOSS 14.30 845,647 Gossamer Bio - Inc. Biotechnology 85 12.08
PUMP 10.80 1,272,290 ProPetro Holding Corp. Oil & Gas Equipment & Services 85 9.21
WETF 6.91 1,223,830 WisdomTree Investments - Inc. Asset Management 80 6.86
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 36100.3
-0.63% 17.95% Up
NASDAQ 15861
-0.69% 23.07% Up
S&P 500 4682.85
-0.31% 24.68% 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 NASDAQ Composite
NASDAQ Composite
S&P 500
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Thermal Coal
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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