Breakoutwatch Weekly Summary 07/30/22

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Weekly Commentary
NASDAQ Gains 4.7%; 81 Breakouts Rise at Least 5%

This was an exceptionally strong week for the markets with the NASDAQ outpacing the other major indexes with a 4.7% gain and over 12% for the month of July.  Wednesday's 0.75% increase in the Fed funds rate sparked a rally as it indicated the Fed's determination to curb inflation. The markets shrugged off the second monthly decrease in GDP and preferred to focus on growth stocks following better than expected earnings reports from Amazon, Tesla and positive guidance from Microsoft, Alphabet and Apple.,
NASDAQ Chart
Of the 81 breakouts gaining more than 5%, 5 were cup and handle pattern breakouts and the rest from the Volatility Squeeze pattern with one High Tight Flag breakout.
Chart of the Week
TECK Resources Ltd (TECK)

TECK broke out from its average true range on Friday on above average volume. TECK has suffered in the recent downturn but appears to be on the upswing now. TECK's fundamentals are strong, scoring 8 out of 11 points in our Fundamentals scoring system.
TECK 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 07/25/22
List Breakouts Avg. Gain
CWH 30 2.27
SQZ 296 3.61
HTF 1 8.94
HSB
0
DB
0
Breakouts Gaining at Least 5% for Week Beginning 07/25/22
Brkout Date Symbol Base Squeeze Brkout Price Brkout Day Close RS Rank* Last Close Current % off BOP Gain at Intraday High
2022-07-25 CRK SQZ y 13.59 14.91 98 15.93 17.22% 21.57%
2022-07-25 PAM SQZ y 20.44 21.28 88 23.95 17.17% 20.5%
2022-07-25 PBFX SQZ y 16.06 16.38 93 18.63 16% 16.87%
2022-07-26 PBR SQZ y 12.40 12.61 86 14.28 15.16% 16.45%
2022-07-25 CSIQ SQZ y 32.21 33.55 87 36.89 14.53% 18.53%
2022-07-25 VNOM SQZ y 26.85 28.36 92 30.74 14.49% 15.34%
2022-07-25 NFE SQZ y 42.99 45.08 97 48.97 13.91% 15.38%
2022-07-25 CVX SQZ y 144.20 148.48 93 163.78 13.58% 14.19%
2022-07-25 MFA SQZ y 11.43 11.48 99 12.96 13.39% 15.44%
2022-07-25 EQNR SQZ y 34.21 35.54 95 38.41 12.28% 12.42%
2022-07-28 VTNR SQZ y 12.11 13.48 99 13.58 12.14% 16.27%
2022-07-25 TRGP SQZ y 61.72 64.15 90 69.11 11.97% 12.33%
2022-07-27 PAM SQZ y 21.47 22.34 91 23.95 11.55% 14.72%
2022-07-27 CCJ SQZ y 23.13 25.14 86 25.77 11.41% 11.89%
2022-07-25 XOM SQZ y 87.09 89.98 96 96.93 11.3% 11.97%
2022-07-25 SHLX SQZ y 14.47 14.55 91 16.05 10.92% 11.13%
2022-07-27 STLD SQZ y 70.49 72.83 86 77.88 10.48% 10.75%
2022-07-25 SBR SQZ y 64.06 66.78 96 70.39 9.88% 10.68%
2022-07-27 CSL CWH n 269.61 271.55 94 296.1 9.83% 10.24%
2022-07-25 KRP SQZ y 16.26 16.93 92 17.82 9.59% 10.39%
2022-07-25 BSM SQZ y 14.22 14.66 94 15.58 9.56% 12.04%
2022-07-28 CHRW SQZ y 101.14 108.07 82 110.7 9.45% 9.54%
2022-07-25 AVD SQZ y 21.45 21.82 95 23.41 9.14% 12.07%
2022-07-25 DXPE SQZ y 31.18 31.53 95 34 9.04% 9.4%
2022-07-27 EDU HTF n 25.16 25.74 99 27.41 8.94% 18.16%
2022-07-27 GMS SQZ y 48.74 50.14 84 53.07 8.88% 9.87%
2022-07-27 DKL SQZ y 50.73 52.67 90 55.14 8.69% 9.68%
2022-07-25 NML SQZ y 6.34 6.57 93 6.89 8.68% 9.94%
2022-07-27 PBFX SQZ y 17.17 18.27 95 18.63 8.5% 9.32%
2022-07-27 CPG SQZ y 7.31 7.47 97 7.92 8.34% 9.58%
2022-07-25 HESM SQZ y 28.12 29.59 80 30.42 8.18% 9.71%
2022-07-26 EQNR SQZ y 35.55 36.27 96 38.41 8.05% 8.19%
2022-07-25 PEO SQZ y 19.61 20.12 90 21.18 8.01% 8.52%
2022-07-25 ATI SQZ y 23.12 23.64 91 24.89 7.66% 8.91%
2022-07-25 EZPW SQZ y 7.48 7.49 93 8.04 7.49% 8.16%
2022-07-25 SRE SQZ y 154.25 158.27 90 165.8 7.49% 7.81%
2022-07-27 MMYT CWH n 29.79 30.22 91 32 7.42% 7.49%
2022-07-28 PAM SQZ y 22.35 23.65 92 23.95 7.16% 10.21%
2022-07-25 NEP SQZ y 77.23 80.72 89 82.74 7.13% 9.76%
2022-07-28 PBF SQZ y 31.15 31.38 99 33.35 7.06% 8.15%
2022-07-25 MPC SQZ y 85.66 88.8 95 91.66 7% 7.35%
2022-07-28 STLD SQZ y 72.84 74.17 87 77.88 6.92% 7.18%
2022-07-25 SO SQZ y 71.95 72.69 89 76.89 6.87% 7.87%
2022-07-25 MYE SQZ y 22.77 23.12 93 24.33 6.85% 7.64%
2022-07-25 ORA CWH n 81.13 81.73 91 86.54 6.67% 7.33%
2022-07-25 CNP SQZ y 29.71 30.1 89 31.69 6.66% 7.19%
2022-07-27 TMST SQZ y 19.04 19.7 94 20.29 6.57% 7.41%
2022-07-25 CTVA SQZ y 54.02 55.47 93 57.55 6.53% 7.44%
2022-07-27 PLAB CWH n 22.36 23.21 98 23.81 6.48% 6.71%
2022-07-27 MXC SQZ y 17.48 17.97 98 18.6 6.41% 10.98%
2022-07-29 PBF SQZ y 31.39 33.35 99 33.35 6.24% 7.33%
2022-07-28 MFA SQZ y 12.20 12.85 99 12.96 6.23% 8.16%
2022-07-26 NFG SQZ y 68.24 70.12 92 72.34 6.01% 7%
2022-07-25 NVGS SQZ y 11.00 11.37 92 11.65 5.91% 7.18%
2022-07-25 FBIZ SQZ y 31.59 31.95 87 33.45 5.89% 12.12%
2022-07-28 CPG SQZ y 7.48 7.73 97 7.92 5.88% 7.09%
2022-07-26 CTRA SQZ y 28.90 29.45 94 30.59 5.85% 6.44%
2022-07-28 XOM SQZ y 91.58 92.64 95 96.93 5.84% 6.48%
2022-07-28 ORA SQZ y 81.77 84.91 91 86.54 5.83% 6.49%
2022-07-28 EZPW SQZ y 7.60 7.87 93 8.04 5.79% 6.45%
2022-07-26 ATO SQZ y 114.78 116.25 91 121.39 5.76% 6.22%
2022-07-26 CF SQZ y 90.29 90.4 97 95.49 5.76% 7.75%
2022-07-26 SO SQZ y 72.70 73.51 90 76.89 5.76% 6.75%
2022-07-29 SOI SQZ y 10.50 11.09 93 11.09 5.62% 5.62%
2022-07-28 APA SQZ y 35.20 35.62 94 37.17 5.6% 6.36%
2022-07-27 FIZZ SQZ y 51.32 51.45 92 54.18 5.57% 5.98%
2022-07-26 ED SQZ y 94.10 95.36 93 99.27 5.49% 6.01%
2022-07-26 OGE SQZ y 38.95 39.42 89 41.08 5.47% 5.98%
2022-07-28 DVN SQZ y 59.59 60.37 97 62.85 5.47% 5.94%
2022-07-26 AJG SQZ y 169.72 169.99 88 178.99 5.46% 8.93%
2022-07-27 VMI CWH n 257.53 257.87 91 271.48 5.42% 6.96%
2022-07-25 WMB SQZ y 32.35 33.45 91 34.09 5.38% 6.15%
2022-07-25 KBR SQZ y 50.52 51.03 92 53.23 5.36% 5.84%
2022-07-28 FIZZ SQZ y 51.46 52.68 91 54.18 5.29% 5.69%
2022-07-25 PSX SQZ y 84.54 87.24 89 89 5.28% 6.55%
2022-07-25 NEE SQZ y 80.26 80.98 88 84.49 5.27% 7.49%
2022-07-26 CNP SQZ y 30.11 30.5 90 31.69 5.25% 5.76%
2022-07-26 MYE SQZ y 23.13 23.31 93 24.33 5.19% 5.97%
2022-07-27 HUBG SQZ y 72.66 73.87 88 76.4 5.15% 5.97%
2022-07-26 TWNK SQZ y 21.52 21.58 91 22.62 5.11% 6.55%
2022-07-25 IBOC SQZ y 41.74 42.53 87 43.86 5.08% 5.32%
*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
NOVT Novanta Inc. Scientific & Technical Instruments 89 154.2 156.06 98.81
SEED Origin Agritech Limited Agricultural Inputs 97 11.19 11.40 98.16
BATRA Liberty Media Corporation Entertainment 85 28.86 29.23 98.73
*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 July 29, 2022
Symbol BO
Price
BO
Vol.
Company Industry RS
Rank
Last
Close
EOLS 14.29 665,313 Evolus - Inc. Drug Manufacturers - Specialty & Generic 96 12.33
LPG 16.91 885,989 Dorian LPG Ltd. Oil & Gas Midstream 94 16.12
MERC 16.82 501,863 Mercer International Inc. Paper & Paper Products 94 15.96
FOLD 11.55 4,920,064 Amicus Therapeutics - Inc. Biotechnology 93 9.96
ACRS 16.86 533,711 Aclaris Therapeutics - Inc. Biotechnology 92 15.41
MGI 10.29 1,089,967 Moneygram International - Inc. Credit Services 91 10.16
TAC 11.85 526,867 TransAlta Corporation Ord Utilities - Independent Power Producers 86 11.42
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 32845.1
2.96% -9.61% Up
NASDAQ 12390.7
4.7% -20.8% Up
S&P 500 4130.29
4.26% -13.34% 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
-0.4
Dow Jones
-5.42
Dow Jones
-9.61
Best Performing Industry
1 Week 3 Weeks 13 Weeks 26 Weeks
Thermal Coal
Grocery Stores
Oil & Gas Integrated
Luxury Goods
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

 

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