Breakoutwatch Weekly Summary 11/20/21

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I  wish all my subscribers a happy and safe Thanksgiving weekend. My eldest son is home for the Weekend and there will be no Newsletter next week.

Weekly Commentary
NASDAQ Closes at Another New High Led by Mega Cap Techs

The NASDAQ continued to outpace the major indexes with a 1.2% gain while the DJI went backwards (-1.4%) and the S&P 500 gained just 0.3%. Market participants are favoring the growth potential of the large tech stocks as evidenced by the Vanguard Mega Cap MGK etf moving 2.2% higher. The economic news is good with retail sales for October climbing, unemployment falling and passage of the Infrastructure legislation which will add further stimulus.
Although the NASDAQ continues to advance, there are fewer opportunities for breakouts and gains are limited by the already high valuations of stocks that do breakout. As of Friday, there were just 34 cup and handle stocks on our watchlist and only 2 Volatility Squeeze candidates.
Chart of the Week
Our price model has selected Alpine Immune Sciences (ALPN) as the cup and handle pattern stock most likely to breakout at the next session. ALPN closed 1.5% below its breakout price on Friday on above average volume

ALPN Chart
New Features this Week

The Breakoutwatch Support forum is now available again. The forum was restored after being unavailable since the site was hacked in August.

The backtest pages are still unavailable but I am working on getting them restored also.
Strategy Suggestions
Our latest strategy suggestions are here.
Breakouts Summary by Watchlist for Week Beginning 11/15/21
List Breakouts Avg. Gain
CWH 7 0.39
SQZ 9 -2.23
Breakouts Gaining at Least 5% for Week Beginning 11/15/21
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2021-11-18 RCUS CWH n 40.33 43.54 85 47.55 17.9% 19.09%
*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
ALPN Alpine Immune Sciences, Inc. Biotechnology 88 13.57 13.77 98.55
TRIL Trillium Therapeutics Inc. Biotechnology 98 18.44 18.49 99.73
PNRG PrimeEnergy Resources Corporation Oil & Gas E&P 87 67.75 71.59 94.64
SGA Saga Communications, Inc. Broadcasting 81 27.06 27.48 98.47
*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.

Symbol BO
Company Industry RS
TRIL 18.49 4,956,141 Trillium Therapeutics Inc. Biotechnology 98 18.44
PBF 16.46 6,360,809 PBF Energy Inc. Oil & Gas Refining & Marketing 93 12.77
PRQR 8.67 748,862 ProQR Therapeutics N.V. Biotechnology 92 7.77
ARLO 8.39 947,118 Arlo Technologies - Inc. Security & Protection Services 89 7.90
CNR 17.50 823,683 Cornerstone Building Brands - Inc. Building Products & Equipment 89 16.77
GOSS 14.30 839,217 Gossamer Bio - Inc. Biotechnology 83 11.57
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 35602
-1.38% 16.32% Up
NASDAQ 16057.4
1.24% 24.59% Up
S&P 500 4697.96
0.32% 25.08% 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
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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