RKT

RKT was one of two high volume breakouts on the leadership list. Although it is not well defined, it does look like a cup and handle pattern, with the high of the handle being the breakout point. A minor flaw here is that the price relative line did not hit a new high before the breakout attempt. The problem is that during market weakness, minor flaws usually result in failed breakouts. It may be best to watch this while the market tries another rally attempt, because if we have a follow through day this could be one of the first to take off.