Breakoutwatch Weekly Summary 04/02/22

You are receiving this email because you are or were a 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:

Weekly Commentary
NASDAQ Doji Shows Indecision Fueled by Yield Inversion

The NASDAQ started the week well as cease fire talks looked promising and then faded as progress proved ephemeral. Friday's price action ended with the candlestick showing a Doji pattern indicating indecision among market participants despite Friday's excellent jobs report. Complicating matters was Thursday's yield inversion between 2 year and 10 year Treasury Rates which is thought to indicate a recession is on the horizon. The markets are trying to make sense of increasing inflation, rising interest rates, a seemingly strong economy and fears of world war III.
Chart of the Week
Milestone Pharmaceuticals Inc. (MIST) has  shown considerable strength in the last month and set the pivot on a cup and handle pattern on Wednesday. Profit taking followed but on Friday the stock rose almost back to the pivot showing the support shown over the last month is still active.
MIST 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 03/28/22
List Breakouts Avg. Gain
CWH 25 2.04
SQZ 40 1.52
HTF 1 0.14
Breakouts Gaining at Least 5% for Week Beginning 03/28/22
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2022-03-28 RCMT CWH n 8.78 8.9 96 10.95 24.72% 27.88%
2022-03-30 LAC CWH n 35.68 36.86 98 38.94 9.14% 12.5%
2022-03-30 BLU SQZ y 6.60 6.7 94 7.2 9.09% 9.55%
2022-04-01 HAYN CWH n 44.87 48.8 90 48.8 8.76% 9.51%
2022-03-31 XENE SQZ y 30.13 30.57 96 32.36 7.4% 7.77%
2022-04-01 XENE SQZ y 30.58 32.36 96 32.36 5.82% 6.18%
2022-03-31 CYTK SQZ y 36.54 36.81 91 38.38 5.04% 5.36%
*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
RNDB Randolph Bancorp, Inc. Banks - Regional 91 26.44 26.56 99.55
MIST Milestone Pharmaceuticals Inc. Biotechnology 87 6.85 6.97 98.28
JAZZ Jazz Pharmaceuticals plc Biotechnology 86 158.9 162.76 97.63
CVCY Central Valley Community Bancorp Banks - Regional 88 23.56 23.99 98.21
*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 April 01, 2022
Symbol BO
Company Industry RS
DNOW 11.50 1,325,393 NOW Inc. Oil & Gas Equipment & Services 93 11.34
MBI 16.68 662,017 MBIA Inc. Insurance - Specialty 93 15.95
OII 18.20 1,366,596 Oceaneering International - Inc. Oil & Gas Equipment & Services 91 15.55
FPI 14.22 726,998 Farmland Partners Inc. REIT - Specialty 89 14.02
SILV 10.13 1,229,565 SilverCrest Metals Inc. Other Industrial Metals & Mining 89 9.26
SA 19.90 560,638 Seabridge Gold - Inc. Gold 88 18.98
LPG 15.02 639,532 Dorian LPG Ltd. Oil & Gas Midstream 87 14.74
ACRE 15.74 794,147 Ares Commercial Real Estate Corporation REIT - Mortgage 84 15.73
RPT 14.12 716,066 RPT Realty REIT - Retail 83 14.01
AG 14.49 9,384,445 First Majestic Silver Cor Silver 82 13.58
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 34818.3
-0.12% -4.18% Up
NASDAQ 14261.5
0.65% -8.84% Up
S&P 500 4545.86
0.06% -4.62% 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 Dow Jones
S&P 500
Dow Jones
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Thermal Coal
Oil & Gas Integrated
Thermal Coal
Home Improvement Retail
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


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

Copyright (c) 04/02/2022 Proactive Technologies, LLC dba All rights reserved.
" BreakoutWatch," the "eye" logo, and the slogan "tomorrow's breakouts today" are service marks of Proactive Technologies 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.