Breakoutwatch Weekly Summary 04/30/22

You are receiving this email because you are or were a BreakoutWatch.com 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: https://www.breakoutwatch.com/content/newsletters

Weekly Commentary
No Relief in Sight as FOMC Meets May 3-4 The NASDAQ closed below the March support level on Friday, losing 3.9% for the week. The index is now at its lowest level since November 2020 having given up 18 months of gains. The selling resulted from negative GDP growth in Q1 of 1.4% and imminent interest rate increases when the FOMC meets next week. There is little chance that rates will not be raised as the Fed has a dual mandate to maintain full employment and price stability. While the unemployment mandate is met, clearly price stability has gone out the window.

Chart of the Week
Redwood Trust (RWT) Redwood Trust is an REIT and delivered a Q1 earnings surprise of 7.7% and gained 7.2% in normal hours on Friday and a further 3% in after hours trading. Forward guidance anticipates a dividend yield of over 9% which if realized would make it a profitable inflation hedge in the coming months.

New Features this Week
No new features this week

Strategy Suggestions
Our latest strategy suggestions are here.

Breakouts Summary by Watchlist for Week Beginning 04/25/22
List	Breakouts	Avg. Gain
CWH	5	-1.08
SQZ	29	-1.53
HTF	2	3.63
HSB		0
DB		0

Breakouts Gaining at Least 5% for Week Beginning 04/25/22
Brkout Date	Symbol	Base	Squeeze	Brkout Price	Brkout Day Close	RS Rank^*	Last Close	Current % off BOP	Gain at Intraday High
2022-04-27	STNG	CWH	y	23.01	23.7	97	24.73	7.48%	10.13%
2022-04-28	VTNR	SQZ	y	8.99	9.67	99	9.51	5.78%	12.12%
^*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	26.34	26.56	99.17
*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.

/home/breakoutwatch/public_html/model/disc/2022-04-29.html could not open /home/breakoutwatch/public_html/model/disc/2022-04-29.html

Top Rated Cup and Handle Stocks as of Friday April 29, 2022
Symbol	BO Price	BO Vol.	Company	Industry	RS Rank	Last Close
BLU	9.04	1,019,131	BELLUS Health Inc.	Biotechnology	98	8.06
TUFN	13.00	1,219,230	Tufin Software Technologi	Software - Infrastructure	96	12.90
MGI	10.87	5,703,766	Moneygram International - Inc.	Credit Services	94	10.13
DNOW	11.83	1,177,102	NOW Inc.	Oil & Gas Equipment & Services	93	10.90
LPG	16.20	680,769	Dorian LPG Ltd.	Oil & Gas Midstream	92	14.72
BHR	6.48	666,491	Braemar Hotels & Resorts Inc.	REIT - Hotel & Motel	90	6.06
KT	15.30	1,253,247	KT Corporation	Telecom Services	85	13.93
RPT	14.37	701,965	RPT Realty	REIT - Retail	83	13.29
ACRE	16.48	733,989	Ares Commercial Real Estate Corporation	REIT - Mortgage	82	15.07
PSO	11.07	1,065,616	Pearson - Plc	Publishing	82	9.69
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	32977.2	-2.47%	-9.25%	Down
NASDAQ	12334.6	-3.93%	-21.16%	Down
S&P 500	4131.93	-3.27%	-13.31%	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
Dow Jones	Dow Jones -5.03	Dow Jones -7.94	Dow Jones -9.25

Best Performing Industry
1 Week	3 Weeks	13 Weeks	26 Weeks
Thermal Coal	Thermal Coal	Uranium	Aluminum

Most Improved Industry (by change in technical rank²)
Aerospace & Defense 0	Aerospace & Defense 0	Aerospace & Defense 0	Aerospace & Defense 0
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 BreakoutWatch.com site and you will then be able to register to receive the newsletter.

Copyright (c) 04/30/2022 Proactive Technologies, LLC dba BreakoutWatch.com. All rights reserved.
" BreakoutWatch," the BreakoutWatch.com "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.