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Written and copyright © 2012 by Thomas N. Bulkowski. All rights reserved.
Friday 2/3/12. Pattern Trading Setups for the Weekend.
Go to Table.The following message is computer generated and not a comment by Mr. Bulkowski.
There were 25 chart patterns found this week (excluding pipe bottoms) out of 640 stocks searched, or 3.9%. Based only on the percentage of chart patterns found, the general market (not necessarily the indexes) is
trending since few consolidation patterns (chart patterns) appear.
Strongly trending markets (straight-line runs with little overlap from price bar to bar) dampen the appearance of chart patterns.
I found 2 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move (I see many of them just before a bear market ends or during a bear market rally. Often it means the first bottom of a double bottom has formed. Thus, expect a move down to the second bottom).
Excluding ETFs, there were 19 bullish chart patterns this week and 4 bearish ones with any remaining (3) being undecided.
Based on the comparison of bullish to bearish patterns only, the market is hinting of a coming bullish (up) turn.
In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.
The following tips may help. - Look for patterns with unusual breakout directions, such as an ascending triangle with a downward breakout. The unusual breakout direction can suggest a strong run.
- Busted patterns, where price breaks out in one direction, turns around and then breaks out in the opposite direction can lead to powerful moves.
- Throwbacks and pullbacks occur about half the time, so be prepared for a retrace after the breakout.
- Look for underlying support and overhead resistance to help gauge how far price will move after the breakout.
More... Good luck. -- Thomas Bulkowski
| Symbol | Chart Pattern | Bullish
Bearish | Start | End | Industry | | GAS | Triangle, symmetrical | | 12/30/2011 | 02/02/2012 | Natural Gas (Diversified) |
| ALK | Double Bottom, Eve and Adam | | 01/13/2012 | 01/26/2012 | Air Transport |
| AXS | Rectangle bottom | | 01/05/2012 | 02/02/2012 | Insurance (Prop/Casualty) |
| BLL | Broadening wedge, ascending | | 12/14/2011 | 01/26/2012 | Packaging and Container |
| COG | Pennant | | 01/20/2012 | 02/02/2012 | Natural Gas (Diversified) |
| CONN | Triangle, ascending | | 01/03/2012 | 01/31/2012 | Retail (Special Lines) |
| ^DJU | Broadening top, right-angled and descending | | 01/09/2012 | 01/30/2012 | None |
| ETFC | Head-and-shoulders bottom | | 11/23/2011 | 01/27/2012 | Securities Brokerage |
| EOG | Rising wedge | | 12/06/2011 | 02/02/2012 | Natural Gas (Distributor) |
| FDX | Triangle, ascending | | 01/19/2012 | 02/02/2012 | Air Transport |
| FDP | Rectangle bottom | | 01/06/2012 | 02/02/2012 | Food Processing |
| FBN | Flag, high and tight | | 11/30/2011 | 01/26/2012 | Furn/Home Furnishings |
| GES | Head-and-shoulders bottom | | 01/11/2012 | 01/27/2012 | Apparel |
| HSY | Rectangle top | | 12/22/2011 | 02/02/2012 | Food Processing |
| JRCC | Triangle, descending | | 11/25/2011 | 02/02/2012 | Coal |
| LEG | Triangle, symmetrical | | 12/15/2011 | 01/26/2012 | Furn/Home Furnishings |
| MTSN | Flag, high and tight | | 11/25/2011 | 01/26/2012 | Semiconductor Cap Equip. |
| NBR | Pipe bottom | | 01/17/2012 | 01/23/2012 | Oilfield Svcs/Equipment |
| POT | Broadening top | | 01/17/2012 | 01/26/2012 | Chemical (Diversified) |
| PWAV | Triangle, symmetrical | | 12/05/2011 | 01/26/2012 | Telecom. Equipment |
| RTI | Triangle, symmetrical | | 11/30/2011 | 02/02/2012 | Metals and Mining (Div.) |
| SMG | Triangle, ascending | | 01/19/2012 | 02/02/2012 | Chemical (Basic) |
| SFG | Rising wedge | | 12/07/2011 | 02/02/2012 | Insurance (Life) |
| TUES | Pipe bottom | | 01/17/2012 | 01/23/2012 | Retail Store |
| USG | Pennant | | 01/13/2012 | 01/31/2012 | Building Materials |
| VFC | Rectangle top | | 01/11/2012 | 01/26/2012 | Apparel |
| PXJ | Triangle, symmetrical | | 12/05/2011 | 02/02/2012 | Oilfield Svcs/Equipment |
Weekly screen for chart patterns ending between 01/25/2012 and 02/02/2012. Here are the chart patterns that appeared within the last week, many are unconfirmed (still in development and may not be valid). If no securities appear, then I have not identified any new patterns.
Definitions RS is relative strength (where 1 is best). For other definitions, see the glossary.’Breakout is upward/downward 100% of the time’ means price breaks out up/down by definition, not by statistically measuring the rate. All numbers assume a bull market and are based on the breakout direction that occurs most often.
AGL Resources Inc (GAS)
Industry: Natural Gas (Diversified)
Industry RS rank: 49 out of 51
Stock RS rank: 329 out of 632
Latest close as of 02/02/2012: $41.59
1 Month average volatility: $0.61. Volatility based stop (assuming an upward breakout): $40.32 or 3.0% below the close.
Change year to date: -1.59%
Volume: 406,000 shares
3 month average volume: 1,012,605 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Wednesday, and the most up closes is Monday.
Chart pattern: Triangle, symmetrical continuation pattern from 12/30/2011 to 02/02/2012
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Alaska Air Group, Inc (ALK)
Industry: Air Transport
Industry RS rank: 11 out of 51
Stock RS rank: 37 out of 632
Latest close as of 02/02/2012: $77.43
1 Month average volatility: $2.06. Volatility based stop (assuming an upward breakout): $72.76 or 6.0% below the close.
Change year to date: 3.12%
Volume: 378,200 shares
3 month average volume: 449,638 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Thursday, and the most up closes is Tuesday.
Chart pattern: Double Bottom, Eve and Adam reversal pattern from 01/13/2012 to 01/26/2012
Performance rank: 11 out of 23. Breakout is upward 100% of the time. Average rise: 35%. Break-even failure rate: 4%. Throwbacks occur 57% of the time. Price meets the measure rule target 66% of the time.
Axis Capital Holdings Ltd (AXS)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 28 out of 51
Stock RS rank: 392 out of 632
Latest close as of 02/02/2012: $31.48
1 Month average volatility: $0.52. Volatility based stop (assuming a downward breakout): $32.71 or 3.9% above the close.
Change year to date: -1.50%
Volume: 410,000 shares
3 month average volume: 971,212 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Wednesday.
Chart pattern: Rectangle bottom continuation pattern from 01/05/2012 to 02/02/2012
Performance rank: 12 out of 21. Breakout is downward 55% of the time. Average decline: 14%. Break-even failure rate: 16%. Pullbacks occur 69% of the time. Price meets the measure rule target 50% of the time.
Ball Corp (BLL)
Industry: Packaging and Container
Industry RS rank: 32 out of 51
Stock RS rank: 255 out of 632
Latest close as of 02/02/2012: $39.70
1 Month average volatility: $0.73. Volatility based stop (assuming a downward breakout): $41.75 or 5.2% above the close.
Change year to date: 11.17%
Volume: 1,067,800 shares
3 month average volume: 1,261,388 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Monday, and the most up closes is Thursday.
Chart pattern: Broadening wedge, ascending reversal pattern from 12/14/2011 to 01/26/2012
Performance rank: 14 out of 21. Breakout is downward 73% of the time. Average decline: 17%. Break-even failure rate: 11%. Pullbacks occur 57% of the time. Price meets the measure rule target 58% of the time.
Cabot Oil and Gas A (COG)
Industry: Natural Gas (Diversified)
Industry RS rank: 49 out of 51
Stock RS rank: 530 out of 632
Latest close as of 02/02/2012: $32.17
1 Month average volatility: $1.67. Volatility based stop (assuming an upward breakout): $28.29 or 12.1% below the close.
Change year to date: -15.23%
Volume: 7,112,900 shares
3 month average volume: 2,723,817 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Thursday, and the most up closes is Friday.
Chart pattern: Pennant continuation pattern from 01/20/2012 to 02/02/2012
Breakout is upward 61% of the time. Average rise: 25%. Break-even failure rate: 2%. Throwbacks occur 47% of the time. Price meets the measure rule target 60% of the time.
Conns Inc (CONN)
Industry: Retail (Special Lines)
Industry RS rank: 25 out of 51
Stock RS rank: 56 out of 632
Latest close as of 02/02/2012: $11.53
1 Month average volatility: $0.56. Volatility based stop (assuming an upward breakout): $9.95 or 13.7% below the close.
Change year to date: 3.87%
Volume: 446,100 shares
3 month average volume: 263,562 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Monday, and the most up closes is Friday.
Chart pattern: Triangle, ascending reversal pattern from 01/03/2012 to 01/31/2012
Performance rank: 17 out of 23. Breakout is upward 70% of the time. Average rise: 35%. Break-even failure rate: 13%. Throwbacks occur 57% of the time. Price meets the measure rule target 75% of the time.
DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank is unavailable.
Latest close as of 02/02/2012: $449.84
1 Month average volatility: $4.74. Volatility based stop (assuming an upward breakout): $439.88 or 2.2% below the close.
Change year to date: -3.19%
Volume: 14,974,000 shares
3 month average volume: 16,471,518 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Wednesday, and the most up closes is Monday.
Chart pattern: Broadening top, right-angled and descending continuation pattern from 01/09/2012 to 01/30/2012
Performance rank: 23 out of 23. Breakout is upward 51% of the time. Average rise: 28%. Break-even failure rate: 19%. Throwbacks occur 52% of the time. Price meets the measure rule target 63% of the time.
E-Trade Financial Corp (ETFC)
Industry: Securities Brokerage
Industry RS rank: 48 out of 51
Stock RS rank: 613 out of 632
Latest close as of 02/02/2012: $8.85
1 Month average volatility: $0.33. Volatility based stop (assuming an upward breakout): $7.86 or 11.1% below the close.
Change year to date: 11.12%
Volume: 11,470,100 shares
3 month average volume: 7,734,548 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Wednesday.
Chart pattern: Head-and-shoulders bottom reversal pattern from 11/23/2011 to 01/27/2012
Performance rank: 7 out of 23. Breakout is upward 100% of the time. Average rise: 38%. Break-even failure rate: 3%. Throwbacks occur 45% of the time. Price meets the measure rule target 74% of the time.
EOG Resources (EOG)
Industry: Natural Gas (Distributor)
Industry RS rank: 23 out of 51
Stock RS rank: 256 out of 632
Latest close as of 02/02/2012: $106.48
1 Month average volatility: $2.33. Volatility based stop (assuming a downward breakout): $112.79 or 5.9% above the close.
Change year to date: 8.09%
Volume: 2,140,700 shares
3 month average volume: 2,572,032 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Rising wedge reversal pattern from 12/06/2011 to 02/02/2012
Performance rank: 20 out of 21. Breakout is downward 69% of the time. Average decline: 14%. Break-even failure rate: 24%. Pullbacks occur 63% of the time. Price meets the measure rule target 46% of the time.
FedEx (FDX)
Industry: Air Transport
Industry RS rank: 11 out of 51
Stock RS rank: 265 out of 632
Latest close as of 02/02/2012: $92.79
1 Month average volatility: $1.60. Volatility based stop (assuming an upward breakout): $88.88 or 4.2% below the close.
Change year to date: 11.11%
Volume: 1,299,700 shares
3 month average volume: 2,342,097 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Thursday.
Chart pattern: Triangle, ascending reversal pattern from 01/19/2012 to 02/02/2012
Performance rank: 17 out of 23. Breakout is upward 70% of the time. Average rise: 35%. Break-even failure rate: 13%. Throwbacks occur 57% of the time. Price meets the measure rule target 75% of the time.
Fresh Del Monte Produce (FDP)
Industry: Food Processing
Industry RS rank: 36 out of 51
Stock RS rank: 339 out of 632
Latest close as of 02/02/2012: $24.68
1 Month average volatility: $0.37. Volatility based stop (assuming a downward breakout): $25.61 or 3.8% above the close.
Change year to date: -1.32%
Volume: 309,900 shares
3 month average volume: 179,872 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Monday, and the most up closes is Wednesday.
Chart pattern: Rectangle bottom continuation pattern from 01/06/2012 to 02/02/2012
Performance rank: 12 out of 21. Breakout is downward 55% of the time. Average decline: 14%. Break-even failure rate: 16%. Pullbacks occur 69% of the time. Price meets the measure rule target 50% of the time.
Furniture Brands International, Inc (FBN)
Industry: Furn/Home Furnishings
Industry RS rank: 15 out of 51
Stock RS rank: 621 out of 632
Latest close as of 02/02/2012: $1.96
1 Month average volatility: $0.14. Volatility based stop (assuming an upward breakout): $1.53 or 21.9% below the close.
Change year to date: 59.35%
Volume: 835,100 shares
3 month average volume: 610,255 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Thursday.
Chart pattern: Flag, high and tight continuation pattern from 11/30/2011 to 01/26/2012
WARNING: A dead-cat bounce occurred on 11/03/2011. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/03/2012. Performance rank: 1 out of 23. Breakout is upward 100% of the time. Average rise: 69%. Throwbacks occur 54% of the time. Price meets the measure rule target 90% of the time.
Guess Inc. (GES)
Industry: Apparel
Industry RS rank: 35 out of 51
Stock RS rank: 563 out of 632
Latest close as of 02/02/2012: $30.95
1 Month average volatility: $0.87. Volatility based stop (assuming an upward breakout): $29.01 or 6.3% below the close.
Change year to date: 3.79%
Volume: 1,691,400 shares
3 month average volume: 1,590,712 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Thursday.
Chart pattern: Head-and-shoulders bottom reversal pattern from 01/11/2012 to 01/27/2012
Performance rank: 7 out of 23. Breakout is upward 100% of the time. Average rise: 38%. Break-even failure rate: 3%. Throwbacks occur 45% of the time. Price meets the measure rule target 74% of the time.
Hershey Company, The (HSY)
Industry: Food Processing
Industry RS rank: 36 out of 51
Stock RS rank: 272 out of 632
Latest close as of 02/02/2012: $61.55
1 Month average volatility: $0.84. Volatility based stop (assuming an upward breakout): $58.86 or 4.4% below the close.
Change year to date: -0.37%
Volume: 1,156,400 shares
3 month average volume: 1,186,494 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Monday, and the most up closes is Tuesday.
Chart pattern: Rectangle top continuation pattern from 12/22/2011 to 02/02/2012
Performance rank: 12 out of 23. Breakout is upward 68% of the time. Average rise: 39%. Break-even failure rate: 9%. Throwbacks occur 64% of the time. Price meets the measure rule target 80% of the time.
James River Coal Co. (JRCC)
Industry: Coal
Industry RS rank: 51 out of 51
Stock RS rank: 628 out of 632
Latest close as of 02/02/2012: $6.80
1 Month average volatility: $0.42. Volatility based stop (assuming a downward breakout): $7.68 or 13.0% above the close.
Change year to date: -1.73%
Volume: 5,230,600 shares
3 month average volume: 2,230,658 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Thursday.
Chart pattern: Triangle, descending reversal pattern from 11/25/2011 to 02/02/2012
Performance rank: 10 out of 21. Breakout is downward 64% of the time. Average decline: 16%. Break-even failure rate: 16%. Pullbacks occur 54% of the time. Price meets the measure rule target 54% of the time.
Leggett and Platt (LEG)
Industry: Furn/Home Furnishings
Industry RS rank: 15 out of 51
Stock RS rank: 247 out of 632
Latest close as of 02/02/2012: $22.47
1 Month average volatility: $0.55. Volatility based stop (assuming an upward breakout): $20.90 or 7.0% below the close.
Change year to date: -2.47%
Volume: 1,647,400 shares
3 month average volume: 1,716,626 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Tuesday.
Chart pattern: Triangle, symmetrical continuation pattern from 12/15/2011 to 01/26/2012
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Mattson Technology Inc. (MTSN)
Industry: Semiconductor Cap Equip.
Industry RS rank: 3 out of 51
Stock RS rank: 11 out of 632
Latest close as of 02/02/2012: $2.88
1 Month average volatility: $0.14. Volatility based stop (assuming an upward breakout): $2.33 or 19.1% below the close.
Change year to date: 108.70%
Volume: 5,355,600 shares
3 month average volume: 368,688 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Thursday, and the most up closes is Wednesday.
Chart pattern: Flag, high and tight continuation pattern from 11/25/2011 to 01/26/2012
Performance rank: 1 out of 23. Breakout is upward 100% of the time. Average rise: 69%. Throwbacks occur 54% of the time. Price meets the measure rule target 90% of the time.
Nabors Industries, Ltd. (NBR)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 47 out of 51
Stock RS rank: 583 out of 632
Latest close as of 02/02/2012: $19.19
1 Month average volatility: $0.78. Volatility based stop (assuming an upward breakout): $17.15 or 10.7% below the close.
Change year to date: 10.67%
Volume: 6,839,200 shares
3 month average volume: 7,301,903 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Pipe bottom reversal pattern from 01/17/2012 to 01/23/2012
Performance rank: 2 out of 23. Breakout is upward 100% of the time. Average rise: 45%. Break-even failure rate: 5%. Throwbacks occur 44% of the time. Price meets the measure rule target 83% of the time.
Potash Corp of Saskatchewan Inc. (POT)
Industry: Chemical (Diversified)
Industry RS rank: 34 out of 51
Stock RS rank: 562 out of 632
Latest close as of 02/02/2012: $47.26
1 Month average volatility: $1.30. Volatility based stop (assuming a downward breakout): $50.60 or 7.1% above the close.
Change year to date: 14.49%
Volume: 6,794,200 shares
3 month average volume: 8,227,666 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Broadening top reversal pattern from 01/17/2012 to 01/26/2012
Performance rank: 18 out of 21. Breakout is downward 50% of the time. Average decline: 15%. Break-even failure rate: 18%. Pullbacks occur 48% of the time. Price meets the measure rule target 37% of the time.
Powerwave Technologies Inc. (PWAV)
Industry: Telecom. Equipment
Industry RS rank: 39 out of 51
Stock RS rank: 632 out of 632
Latest close as of 02/02/2012: $1.83
1 Month average volatility: $0.13. Volatility based stop (assuming an upward breakout): $1.49 or 18.6% below the close.
Change year to date: -12.02%
Volume: 142,700 shares
3 month average volume: 659,211 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Monday, and the most up closes is Wednesday.
Chart pattern: Triangle, symmetrical continuation pattern from 12/05/2011 to 01/26/2012
WARNING: A dead-cat bounce occurred on 10/19/2011. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 04/18/2012. Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
RTI International Metals Inc. (RTI)
Industry: Metals and Mining (Div.)
Industry RS rank: 44 out of 51
Stock RS rank: 510 out of 632
Latest close as of 02/02/2012: $26.44
1 Month average volatility: $1.14. Volatility based stop (assuming an upward breakout): $23.29 or 11.9% below the close.
Change year to date: 13.92%
Volume: 351,900 shares
3 month average volume: 484,475 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Thursday.
Chart pattern: Triangle, symmetrical continuation pattern from 11/30/2011 to 02/02/2012
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Scotts Miracle-Gro Co. (SMG)
Industry: Chemical (Basic)
Industry RS rank: 5 out of 51
Stock RS rank: 402 out of 632
Latest close as of 02/02/2012: $47.91
1 Month average volatility: $0.81. Volatility based stop (assuming an upward breakout): $46.09 or 3.8% below the close.
Change year to date: 2.61%
Volume: 348,700 shares
3 month average volume: 564,129 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Monday, and the most up closes is Wednesday.
Chart pattern: Triangle, ascending reversal pattern from 01/19/2012 to 02/02/2012
Performance rank: 17 out of 23. Breakout is upward 70% of the time. Average rise: 35%. Break-even failure rate: 13%. Throwbacks occur 57% of the time. Price meets the measure rule target 75% of the time.
Stancorp Financial Group Inc (SFG)
Industry: Insurance (Life)
Industry RS rank: 9 out of 51
Stock RS rank: 89 out of 632
Latest close as of 02/02/2012: $39.39
1 Month average volatility: $0.79. Volatility based stop (assuming a downward breakout): $41.23 or 4.7% above the close.
Change year to date: 7.18%
Volume: 190,300 shares
3 month average volume: 273,080 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Tuesday.
Chart pattern: Rising wedge reversal pattern from 12/07/2011 to 02/02/2012
Performance rank: 20 out of 21. Breakout is downward 69% of the time. Average decline: 14%. Break-even failure rate: 24%. Pullbacks occur 63% of the time. Price meets the measure rule target 46% of the time.
Tuesday Morning Corp (TUES)
Industry: Retail Store
Industry RS rank: 14 out of 51
Stock RS rank: 514 out of 632
Latest close as of 02/02/2012: $3.69
1 Month average volatility: $0.13. Volatility based stop (assuming an upward breakout): $3.18 or 13.8% below the close.
Change year to date: 6.96%
Volume: 251,100 shares
3 month average volume: 211,226 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Monday.
Chart pattern: Pipe bottom reversal pattern from 01/17/2012 to 01/23/2012
Performance rank: 2 out of 23. Breakout is upward 100% of the time. Average rise: 45%. Break-even failure rate: 5%. Throwbacks occur 44% of the time. Price meets the measure rule target 83% of the time.
USG Corp (USG)
Industry: Building Materials
Industry RS rank: 20 out of 51
Stock RS rank: 42 out of 632
Latest close as of 02/02/2012: $14.02
1 Month average volatility: $0.79. Volatility based stop (assuming an upward breakout): $12.03 or 14.2% below the close.
Change year to date: 37.99%
Volume: 3,286,300 shares
3 month average volume: 2,383,725 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Monday, and the most up closes is Thursday.
Chart pattern: Pennant continuation pattern from 01/13/2012 to 01/31/2012
Breakout is upward 61% of the time. Average rise: 25%. Break-even failure rate: 2%. Throwbacks occur 47% of the time. Price meets the measure rule target 60% of the time.
V. F. Corp (VFC)
Industry: Apparel
Industry RS rank: 35 out of 51
Stock RS rank: 165 out of 632
Latest close as of 02/02/2012: $129.96
1 Month average volatility: $2.75. Volatility based stop (assuming an upward breakout): $123.77 or 4.8% below the close.
Change year to date: 2.34%
Volume: 982,500 shares
3 month average volume: 1,007,777 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Rectangle top continuation pattern from 01/11/2012 to 01/26/2012
Performance rank: 12 out of 23. Breakout is upward 68% of the time. Average rise: 39%. Break-even failure rate: 9%. Throwbacks occur 64% of the time. Price meets the measure rule target 80% of the time.
PowerShares Dynamic Oil Services (PXJ)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 47 out of 51
Stock RS rank: 535 out of 632
Latest close as of 02/02/2012: $21.08
1 Month average volatility: $0.43. Volatility based stop (assuming an upward breakout): $20.05 or 4.9% below the close.
Change year to date: 4.56%
Volume: 47,200 shares
3 month average volume: 74,475 shares Based on the average volume, this security may be thinly traded (less than 100,000 shares)! Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Wednesday.
Chart pattern: Triangle, symmetrical continuation pattern from 12/05/2011 to 02/02/2012
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Thursday 2/2/12. Trading Thursday: Nasdaq
The index climbed by 1.2% or 34.43 points. Since 02/05/1971 the index made 136 similar moves on a percentage basis. After those moves, the next day's...
Average gain was 0.8% on 91 occasions.
Average loss was -1.3% on 45 occasions.
Expect the index to close higher 66.9% of the time.
Weekly, since inception on 6/14/2011:
The prediction of the index closing higher has been right 12/19 or 63.2% of the time.
The prediction of the index closing lower has been right 7/14 or 50.0% of the time.
I show a picture of the Nasdaq composite on the 5-minute scale from Wednesday's trading.
The only pattern found in this bullish run is a small double top at AB. It confirmed when the index closed below the red line at D.
Will the index close higher tomorrow? Yes, based on the above probabilities. To be honest, I'd be surprised if it did, so I guess we will have to wait and see.
The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, sorted by value. When several are near each other (small differences),
the area might act as support or resistance.
-- Thomas Bulkowski
| © 2012 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
| Monthly S2 | 2,509.02 | | |
| Monthly S1 | 2,678.65 | 169.62 |
|
| Weekly S2 | 2,748.34 | 69.70 |
|
| Monthly Pivot | 2,756.47 | 8.13 |
|
| Weekly S1 | 2,798.31 | 41.83 |
|
| Daily S2 | 2,812.52 | 14.22 |
|
| Weekly Pivot | 2,816.30 | 3.78 |
|
| Low | 2,825.19 | 8.89 |
|
| Open | 2,830.10 | 4.91 |
|
| Daily S1 | 2,830.40 | 0.30 |
Yes! The Daily S1 is close to the Open. |
| 61.8% Down from Intraday High | 2,836.86 | 6.46 |
|
| 50% Down from Intraday High | 2,840.46 | 3.60 |
|
| Daily Pivot | 2,843.06 | 2.60 |
Yes! The Daily Pivot is close to the 50% Down from Intraday High. |
| 38.2% Down from Intraday High | 2,844.06 | 1.00 |
Yes! The 38.2% Down from Intraday High is close to the Daily Pivot. |
| Close | 2,848.27 | 4.21 |
|
| High | 2,855.73 | 7.46 |
|
| Daily R1 | 2,860.94 | 5.21 |
|
| Weekly R1 | 2,866.27 | 5.33 |
|
| Daily R2 | 2,873.60 | 7.34 |
|
| Weekly R2 | 2,884.26 | 10.66 |
|
| Monthly R1 | 2,926.10 | 41.83 |
|
| Monthly R2 | 3,003.92 | 77.83 |
|
Wednesday 2/1/12. What's Hot Wednesday
The following are taken from my database of about 560 stocks and 100 exchange traded funds (ETFs), not from the entire stock market.
Stocks and ETFs with the least amount of noise (low noise means it trends up, down, or both rather than moving sideways) make for better swing trading candidates.
ETFs, on average, have lower noise levels than stocks, but that could be due to lots of gaps (which I consider bad).
Click here for more information on noise.
Biggest winners and losers over the past week, from the close on 01/24/2012 to 01/31/2012 and year to date.
These lists are useful for momentum players, those that buy stocks moving up or trending lower. Also, look for several stocks from the same industry. Finding some may
give a clue to an industry on the move, one either trending up or suffering. The lists also include country ETFs. If those are performing well, consider diversifying into them.
Below are the top 10 stocks with the least amount of noise during the past month.
Average
Noise | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 5.0% | $44.21 | 15.07% | Mueller Industries Inc. (MLI) | Metal Fabricating | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 5.0% | $48.86 | 19.37% | Gilead Sciences Inc (GILD) | Biotechnology | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 15.0% | $30.37 | 18.54% | Park Electrochemical (PKE) | Chemical (Specialty) | Triangle, symmetrical from 11/25/2011 to 12/29/2011 |
| 15.0% | $10.44 | 52.19% | Emulex Corp (ELX) | Computers and Peripherals | Triangle, ascending from 10/28/2011 to 11/17/2011 |
| 20.0% | $22.81 | -0.22% | Northwest Pipe Co (NWPX) | Building Materials | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 20.0% | $58.05 | -0.74% | Northrop Grumman Corp (NOC) | Aerospace/Defense | Head-and-shoulders bottom from 11/01/2011 to 12/14/2011 |
| 20.0% | $18.46 | 35.64% | Newport Corporation (NEWP) | Precision Instrument | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 20.0% | $59.60 | 6.93% | Murphy Oil Corporation (MUR) | Petroleum (Integrated) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 20.0% | $2.27 | 64.49% | Mattson Technology Inc. (MTSN) | Semiconductor Cap Equip. | Flag, high and tight from 11/25/2011 to 01/26/2012 |
| 20.0% | $12.69 | 21.55% | JDS Uniphase Corp (JDSU) | Telecom. Equipment | Pipe bottom from 12/12/2011 to 12/19/2011 |
Below are the top 10 stocks with the least amount of noise during the past 3 months.
Average
Noise | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 24.2% | $58.05 | -0.74% | Northrop Grumman Corp (NOC) | Aerospace/Defense | Head-and-shoulders bottom from 11/01/2011 to 12/14/2011 |
| 25.8% | $48.86 | 19.37% | Gilead Sciences Inc (GILD) | Biotechnology | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 27.4% | $9.15 | 32.03% | Sterlite Industries India Ltd. (SLT) | Metals and Mining (Div.) | Head-and-shoulders bottom from 09/26/2011 to 10/20/2011 |
| 27.4% | $8.19 | 2.89% | E-Trade Financial Corp (ETFC) | Securities Brokerage | Double Top, Eve and Adam from 04/25/2011 to 07/25/2011 |
| 29.0% | $20.28 | 3.95% | Progressive Corp (PGR) | Insurance (Prop/Casualty) | Double Bottom, Adam and Adam from 11/25/2011 to 12/13/2011 |
| 29.0% | $163.68 | -0.67% | Precision Castparts Corp (PCP) | Metal Fabricating | Double Bottom, Eve and Adam from 11/23/2011 to 12/14/2011 |
| 29.0% | $25.76 | 19.59% | EMC Corporation (EMC) | Computers and Peripherals | Triangle, symmetrical from 10/26/2011 to 11/16/2011 |
| 29.0% | $33.51 | 16.52% | Dow Chemical (DOW) | Chemical (Basic) | Broadening wedge, descending from 08/31/2011 to 10/12/2011 |
| 29.0% | $36.07 | 7.42% | Crown Holdings Inc (CCK) | Packaging and Container | Rising wedge from 11/08/2011 to 01/24/2012 |
| 30.6% | $47.30 | 23.21% | Transocean Inc. (RIG) | Oilfield Svcs/Equipment | Head-and-shoulders bottom from 12/19/2011 to 01/06/2012 |
Below are the top 10 stocks with the least amount of noise during the past 6 months.
Average
Noise | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 28.3% | $9.15 | 32.03% | Sterlite Industries India Ltd. (SLT) | Metals and Mining (Div.) | Head-and-shoulders bottom from 09/26/2011 to 10/20/2011 |
| 29.1% | $47.30 | 23.21% | Transocean Inc. (RIG) | Oilfield Svcs/Equipment | Head-and-shoulders bottom from 12/19/2011 to 01/06/2012 |
| 29.1% | $58.05 | -0.74% | Northrop Grumman Corp (NOC) | Aerospace/Defense | Head-and-shoulders bottom from 11/01/2011 to 12/14/2011 |
| 31.5% | $41.71 | 21.60% | St. Jude Medical Inc (STJ) | Medical Supplies | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 31.5% | $12.87 | -0.85% | Corning Inc. (GLW) | Telecom. Equipment | Pipe top from 06/27/2011 to 07/05/2011 |
| 32.3% | $12.84 | 26.38% | USG Corp (USG) | Building Materials | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 32.3% | $26.91 | -8.47% | UGI Corp. (UGI) | Natural Gas (Distributor) | Double Top, Eve and Adam from 07/07/2011 to 07/21/2011 |
| 32.3% | $163.68 | -0.67% | Precision Castparts Corp (PCP) | Metal Fabricating | Double Bottom, Eve and Adam from 11/23/2011 to 12/14/2011 |
| 32.3% | $59.60 | 6.93% | Murphy Oil Corporation (MUR) | Petroleum (Integrated) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 32.3% | $35.05 | 25.04% | LSB Industries Inc (LXU) | Building Materials | Pipe bottom from 12/12/2011 to 12/19/2011 |
Below are the top 10 ETFs with the least amount of noise during the past month.
Average
Noise | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 10.0% | $12.38 | 14.31% | MSCI Singapore Index (EWS) | Investment Co. (Foreign) | Pipe top from 11/28/2011 to 12/05/2011 |
| 15.0% | $33.50 | 7.58% | UltraShort 2x Utilities ProShares (SDP) | Short ETFs | Triple bottom from 05/13/2011 to 07/21/2011 |
| 15.0% | $116.00 | 11.16% | Nasdaq Biotechnology Index (IBB) | Biotechnology | Pipe bottom from 11/07/2011 to 11/14/2011 |
| 15.0% | $48.36 | 17.55% | MSCI Turkey Index (TUR) | Long ETFs | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 15.0% | $64.97 | 8.09% | MSCI Thailand Invest Mkt Index (THD) | Investment Co. (Foreign) | Double Bottom, Adam and Adam from 01/25/2011 to 02/10/2011 |
| 15.0% | $57.36 | 9.76% | MSCI South Korea Index (EWY) | Investment Co. (Foreign) | Pipe top from 12/05/2011 to 12/05/2011 |
| 15.0% | $15.71 | 10.48% | MSCI Austria Investable Mkt Index (EWO) | Investment Co. (Foreign) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 20.0% | $16.90 | 9.24% | MSCI Hong Kong Index fund (EWH) | Investment Co. (Foreign) | Pipe top from 11/28/2011 to 12/05/2011 |
| 20.0% | $21.33 | 10.98% | MSCI Germany Index (EWG) | Investment Co. (Foreign) | Pipe top from 11/28/2011 to 12/05/2011 |
| 20.0% | $11.18 | 5.57% | MSCI Belgium Investable Mkt Idx (EWK) | Investment Co. (Foreign) | Falling wedge from 10/11/2011 to 11/17/2011 |
Below are the top 10 ETFs with the least amount of noise during the past 3 months.
Average
Noise | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 19.4% | $15.71 | 10.48% | MSCI Austria Investable Mkt Index (EWO) | Investment Co. (Foreign) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 22.6% | $35.58 | 5.45% | S and P Europe 350 Index fund (IEV) | Investment Co. (Foreign) | Triangle, symmetrical from 11/08/2011 to 01/17/2012 |
| 24.2% | $33.50 | 7.58% | UltraShort 2x Utilities ProShares (SDP) | Short ETFs | Triple bottom from 05/13/2011 to 07/21/2011 |
| 24.2% | $48.36 | 17.55% | MSCI Turkey Index (TUR) | Long ETFs | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 24.2% | $57.36 | 9.76% | MSCI South Korea Index (EWY) | Investment Co. (Foreign) | Pipe top from 12/05/2011 to 12/05/2011 |
| 24.2% | $126.02 | 15.31% | Market Vectors Biotech (BBH) | Biotechnology | None found. |
| 25.8% | $64.97 | 8.09% | MSCI Thailand Invest Mkt Index (THD) | Investment Co. (Foreign) | Double Bottom, Adam and Adam from 01/25/2011 to 02/10/2011 |
| 25.8% | $20.81 | 6.28% | MSCI France Index (EWQ) | Investment Co. (Foreign) | Pipe top from 11/28/2011 to 12/05/2011 |
| 25.8% | $23.42 | 9.24% | MSCI Australia Index fund (EWA) | Investment Co. (Foreign) | Double Top, Eve and Eve from 07/01/2011 to 07/27/2011 |
| 25.8% | $64.53 | 5.06% | DJ US Oil and Gas (IEO) | Petroleum (Integrated) | Pipe bottom from 12/12/2011 to 12/19/2011 |
Below are the top 10 ETFs with the least amount of noise during the past 6 months.
Average
Noise | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 21.3% | $64.97 | 8.09% | MSCI Thailand Invest Mkt Index (THD) | Investment Co. (Foreign) | Double Bottom, Adam and Adam from 01/25/2011 to 02/10/2011 |
| 25.2% | $20.27 | -2.74% | UltraShort 2x Consumer Goods ProShares (SZK) | Short ETFs | Double Top, Adam and Adam from 08/09/2011 to 10/04/2011 |
| 25.2% | $15.71 | 10.48% | MSCI Austria Investable Mkt Index (EWO) | Investment Co. (Foreign) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 26.4% | $12.47 | 5.77% | PowerShares Dynamic Banking (PJB) | Investment Co. (Domestic) | Double Bottom, Adam and Adam from 09/22/2011 to 10/04/2011 |
| 26.8% | $57.36 | 9.76% | MSCI South Korea Index (EWY) | Investment Co. (Foreign) | Pipe top from 12/05/2011 to 12/05/2011 |
| 26.8% | $42.06 | 6.32% | MSCI Israel Cap Invest Mt Index (EIS) | Investment Co. (Foreign) | Triple bottom from 09/12/2011 to 10/04/2011 |
| 27.6% | $33.50 | 7.58% | UltraShort 2x Utilities ProShares (SDP) | Short ETFs | Triple bottom from 05/13/2011 to 07/21/2011 |
| 27.6% | $126.02 | 15.31% | Market Vectors Biotech (BBH) | Biotechnology | None found. |
| 29.9% | $24.01 | 7.04% | PowerShares Dynamic Energy (PXE) | Petroleum (Integrated) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 29.9% | $64.53 | 5.06% | DJ US Oil and Gas (IEO) | Petroleum (Integrated) | Pipe bottom from 12/12/2011 to 12/19/2011 |
Below are the top 10 stocks with the best performance during the past week out of 531 stocks.
Stocks from this list may suggest what stocks or industries will do well in the future.
Week
Change | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 37.61% | $51.86 | 70.14% | Illumina Inc (ILMN) | Biotechnology | Flag, high and tight from 12/14/2011 to 01/25/2012 |
| 24.58% | $14.24 | 25.13% | Amylin Pharmaceuticals (AMLN) | Biotechnology | Head-and-shoulders bottom from 09/22/2011 to 10/18/2011 |
| 20.09% | $41.55 | 18.21% | JC Penney Company Inc (JCP) | Retail Store | Double Top, Adam and Adam from 10/24/2011 to 11/14/2011 |
| 17.91% | $25.48 | 37.80% | Textron Inc (TXT) | Diversified Co. | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 13.85% | $10.44 | 52.19% | Emulex Corp (ELX) | Computers and Peripherals | Triangle, ascending from 10/28/2011 to 11/17/2011 |
| 13.22% | $15.93 | 25.53% | Columbus McKinnon (CMCO) | Machinery | Triangle, symmetrical from 10/31/2011 to 11/10/2011 |
| 11.92% | $1.69 | 37.40% | Furniture Brands International, Inc (FBN) | Furn/Home Furnishings | Flag, high and tight from 11/30/2011 to 01/26/2012 |
| 11.82% | $14.95 | 26.59% | Celadon Group Inc. (CGI) | Trucking/Transp. Leasing | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 11.15% | $22.23 | 8.02% | Harsco Corp (HSC) | Diversified Co. | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 10.27% | $5.26 | 0.57% | Hecla Mining Co. (HL) | Metals and Mining (Div.) | Dead-cat bounce from 01/11/2012 to 01/11/2012 |
Below are the 10 worst performing stocks during the past week out of 531 stocks.
Stocks from this list suggest companies or industries that may be having difficulty and might be future short sale candidates.
Week
Change | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| -18.82% | $7.29 | -3.44% | Rambus Inc (RMBS) | Semiconductor Cap Equip. | Dead-cat bounce from 11/16/2011 to 11/16/2011 |
| -16.46% | $18.12 | -5.97% | Arkansas Best (ABFS) | Trucking/Transp. Leasing | Pipe bottom from 12/12/2011 to 12/19/2011 |
| -14.93% | $1.71 | -17.79% | Powerwave Technologies Inc. (PWAV) | Telecom. Equipment | Triangle, symmetrical from 12/05/2011 to 01/26/2012 |
| -14.20% | $8.19 | 2.89% | E-Trade Financial Corp (ETFC) | Securities Brokerage | Double Top, Eve and Adam from 04/25/2011 to 07/25/2011 |
| -13.19% | $25.86 | 5.21% | Travelzoo Inc. (TZOO) | Internet | Dead-cat bounce from 07/21/2011 to 07/21/2011 |
| -13.04% | $3.80 | -5.94% | Tellabs Inc. (TLAB) | Telecom. Equipment | Triangle, descending from 11/23/2011 to 01/17/2012 |
| -13.01% | $15.25 | -16.44% | RPC Inc (RES) | Oilfield Svcs/Equipment | Pipe top from 01/03/2012 to 01/09/2012 |
| -11.97% | $12.87 | -0.85% | Corning Inc. (GLW) | Telecom. Equipment | Pipe top from 06/27/2011 to 07/05/2011 |
| -10.25% | $4.73 | 12.89% | Arrowhead Research Corp (ARWR) | Biotechnology | Flag, high and tight from 10/06/2011 to 11/04/2011 |
| -9.88% | $0.57 | 26.67% | Somaxon Pharmaceuticals (SOMX) | Biotechnology | Flag, high and tight from 12/19/2011 to 01/19/2012 |
Below are the top 10 stocks with the best performance year to date out of 531 stocks.
Knowing which securities are trending higher makes selecting stocks for momentum trades much easier, especially if some share the same industry.
YTD
Change | Last
Close | Stock | Industry | Most Recent Chart Pattern |
| 79.84% | $35.05 | Georgia Gulf (GGC) | Chemical (Basic) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 78.68% | $13.58 | Dendreon Corp (DNDN) | Biotechnology | Flag, high and tight from 11/03/2011 to 01/12/2012 |
| 70.14% | $51.86 | Illumina Inc (ILMN) | Biotechnology | Flag, high and tight from 12/14/2011 to 01/25/2012 |
| 66.90% | $2.42 | Hovnanian Enterprises Inc (HOV) | Homebuilding | Flag, high and tight from 11/23/2011 to 01/12/2012 |
| 64.49% | $2.27 | Mattson Technology Inc. (MTSN) | Semiconductor Cap Equip. | Flag, high and tight from 11/25/2011 to 01/26/2012 |
| 52.19% | $10.44 | Emulex Corp (ELX) | Computers and Peripherals | Triangle, ascending from 10/28/2011 to 11/17/2011 |
| 45.25% | $58.45 | Westlake Chemical Corp (WLK) | Chemical (Basic) | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 38.24% | $6.76 | Ferro Corp (FOE) | Chemical (Specialty) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 37.80% | $25.48 | Textron Inc (TXT) | Diversified Co. | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 37.40% | $1.69 | Furniture Brands International, Inc (FBN) | Furn/Home Furnishings | Flag, high and tight from 11/30/2011 to 01/26/2012 |
Below are the 10 worst performing stocks year to date out of 531 stocks.
These stocks might represent a good momentum trade from the short side. If some stocks also share the same industry, then the industry may be weak, so concentrate your search there.
YTD
Change | Last
Close | Stock | Industry | Most Recent Chart Pattern |
| -29.55% | $10.18 | hhgregg, Inc (HGG) | Retail (Special Lines) | Big M from 11/09/2011 to 12/05/2011 |
| -25.42% | $0.88 | Coldwater Creek Inc. (CWTR) | Apparel | Dead-cat bounce from 10/19/2011 to 10/19/2011 |
| -17.79% | $1.71 | Powerwave Technologies Inc. (PWAV) | Telecom. Equipment | Triangle, symmetrical from 12/05/2011 to 01/26/2012 |
| -16.44% | $15.25 | RPC Inc (RES) | Oilfield Svcs/Equipment | Pipe top from 01/03/2012 to 01/09/2012 |
| -15.94% | $31.90 | Cabot Oil and Gas A (COG) | Natural Gas (Diversified) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| -15.70% | $1.45 | Sealy Corp (ZZ) | Furn/Home Furnishings | Dead-cat bounce from 01/19/2012 to 01/19/2012 |
| -13.53% | $10.99 | Universal American Financial Corp (UAM) | Insurance (Life) | Broadening top from 12/05/2011 to 01/10/2012 |
| -13.46% | $9.13 | The Jones Group (JNY) | Apparel | Pipe bottom from 12/12/2011 to 12/19/2011 |
| -12.72% | $28.82 | Williams Companies Inc. (WMB) | Natural Gas (Distributor) | Pipe top from 04/25/2011 to 05/02/2011 |
| -11.54% | $2.07 | Christopher and Banks Corp (CBK) | Retail (Special Lines) | Pipe top from 10/24/2011 to 10/31/2011 |
Below are the top 10 exchange traded funds (ETF) with the best performance this past week out of 101 ETFs.
A hot ETF may suggest an industry or commodity that is doing well, so look there for individual stock picks or just trade the ETF for a momentum play.
Week
Change | Last
Close | YTD | Fund | Most Recent Chart Pattern |
| 5.57% | $48.36 | 17.55% | MSCI Turkey Index (TUR) | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 4.51% | $169.31 | 11.40% | SPDR Gold Shares (GLD) | Rising wedge from 01/26/2011 to 02/17/2011 |
| 3.87% | $126.02 | 15.31% | Market Vectors Biotech (BBH) | None found. |
| 3.86% | $32.28 | 19.82% | iShares Silver Trust (SLV) | Pipe bottom from 09/26/2011 to 10/03/2011 |
| 3.82% | $64.97 | 8.09% | MSCI Thailand Invest Mkt Index (THD) | Double Bottom, Adam and Adam from 01/25/2011 to 02/10/2011 |
| 3.38% | $24.47 | -4.53% | UltraShort 2x Oil and Gas ProShares (DUG) | Pipe bottom from 07/18/2011 to 07/25/2011 |
| 3.32% | $63.78 | 8.54% | DJ US Medical devices index fund (IHI) | Pipe top from 11/28/2011 to 12/05/2011 |
| 3.12% | $12.38 | 14.31% | MSCI Singapore Index (EWS) | Pipe top from 11/28/2011 to 12/05/2011 |
| 2.93% | $37.19 | -18.43% | UltraShort 2x Semiconductor ProShares (SSG) | Pipe top from 12/12/2011 to 12/19/2011 |
| 2.82% | $95.53 | 17.27% | Nasdaq 100 long 2x Ultra QQQ ProShares (QLD) | Pipe bottom from 12/12/2011 to 12/19/2011 |
Below are the 10 worst performing ETFs over the past week out of 101 ETFs.
These funds may represent companies or industries that are suffering. Avoid going long in those stocks or buying any stocks from those industries.
Week
Change | Last
Close | YTD | Fund | Most Recent Chart Pattern |
| -5.32% | $5.25 | -18.81% | United States Natural Gas (UNG) | Pipe top from 04/25/2011 to 05/02/2011 |
| -3.45% | $32.16 | -12.51% | UltraShort 2x Real Estate ProShares (SRS) | Double Top, Adam and Adam from 08/08/2011 to 10/04/2011 |
| -3.24% | $14.95 | -19.75% | UltraShort 2x Basic Materials ProShares (SMN) | Pipe top from 12/12/2011 to 12/19/2011 |
| -2.90% | $38.23 | -15.29% | Nasdaq 100 short 2x ProShares (QID) | Double Bottom, Adam and Adam from 10/27/2011 to 11/08/2011 |
| -2.83% | $13.06 | 9.93% | DJ US Home construction index fund (ITB) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| -2.32% | $43.35 | -15.10% | UltraShort 2x Technology ProShares (REW) | Triple bottom from 10/27/2011 to 11/15/2011 |
| -2.20% | $22.23 | 5.06% | iShares DJ US Regional Banks (IAT) | Horn bottom from 09/19/2011 to 10/03/2011 |
| -1.77% | $22.64 | 8.22% | DJ US Broker-dealers index fund (IAI) | Broadening bottom from 06/08/2011 to 07/14/2011 |
| -1.74% | $40.57 | 1.86% | DJ US Energy sector (iShares) (IYE) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| -1.46% | $70.69 | 2.26% | SPDR Energy Select Sector (XLE) | Pipe bottom from 12/12/2011 to 12/19/2011 |
Below are the top 10 exchange traded funds (ETF) with the best performance year to date out of 101 ETFs.
Concentrate your individual stock picks from industries that are doing well, or trade the ETF for a momentum play.
YTD
Change | Last
Close | Fund | Most Recent Chart Pattern |
| 19.82% | $32.28 | iShares Silver Trust (SLV) | Pipe bottom from 09/26/2011 to 10/03/2011 |
| 17.55% | $48.36 | MSCI Turkey Index (TUR) | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 17.27% | $95.53 | Nasdaq 100 long 2x Ultra QQQ ProShares (QLD) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 15.31% | $126.02 | Market Vectors Biotech (BBH) | None found. |
| 14.31% | $12.38 | MSCI Singapore Index (EWS) | Pipe top from 11/28/2011 to 12/05/2011 |
| 14.31% | $65.60 | MSCI Brazil Index fund (EWZ) | Triangle, symmetrical from 10/28/2011 to 11/15/2011 |
| 12.37% | $55.51 | iShares PHLX SOX Semiconductor Sector (SOXX) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 11.43% | $63.74 | SandP Global Materials Sector Index fund (MXI) | Pipe top from 11/28/2011 to 12/05/2011 |
| 11.40% | $169.31 | SPDR Gold Shares (GLD) | Rising wedge from 01/26/2011 to 02/17/2011 |
| 11.36% | $38.83 | FTSE/Xinhua China 25 index fund (FXI) | Triangle, symmetrical from 11/14/2011 to 01/05/2012 |
Below are the 10 worst performing ETFs year to date out of 101 ETFs. These represent the stocks or industries you will want to avoid buying or want to concentrate selling short.
YTD
Change | Last
Close | Fund | Most Recent Chart Pattern |
| -19.75% | $14.95 | UltraShort 2x Basic Materials ProShares (SMN) | Pipe top from 12/12/2011 to 12/19/2011 |
| -18.81% | $5.25 | United States Natural Gas (UNG) | Pipe top from 04/25/2011 to 05/02/2011 |
| -18.43% | $37.19 | UltraShort 2x Semiconductor ProShares (SSG) | Pipe top from 12/12/2011 to 12/19/2011 |
| -15.29% | $38.23 | Nasdaq 100 short 2x ProShares (QID) | Double Bottom, Adam and Adam from 10/27/2011 to 11/08/2011 |
| -15.10% | $43.35 | UltraShort 2x Technology ProShares (REW) | Triple bottom from 10/27/2011 to 11/15/2011 |
| -13.69% | $35.87 | UltraShort 2x Industrials ProShares (SIJ) | Double Top, Adam and Adam from 08/09/2011 to 10/04/2011 |
| -13.30% | $51.43 | UltraShort 2x Financials ProShares (SKF) | Double Top, Adam and Adam from 08/09/2011 to 08/23/2011 |
| -12.51% | $32.16 | UltraShort 2x Real Estate ProShares (SRS) | Double Top, Adam and Adam from 08/08/2011 to 10/04/2011 |
| -9.28% | $14.46 | UltraShort 2x Consumer Svcs ProShares (SCC) | Head-and-shoulders bottom from 05/02/2011 to 05/19/2011 |
| -8.60% | $17.63 | S and P short 2x ProShares (SDS) | Double Top, Adam and Adam from 08/09/2011 to 10/04/2011 |
Below is a list of market index performance over the past week.
Week
Change | Last
Close | YTD | Index | Most Recent Chart Pattern |
| 2.18% | 5,319.14 | 5.97% | DJ 20 Transportation (^DJT) | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 0.98% | 2,813.84 | 8.01% | Nasdaq Composite (^IXIC) | Triangle, symmetrical from 11/15/2011 to 12/30/2011 |
| 0.58% | 448.84 | -3.41% | DJ 15 Utilities (^DJU) | Triangle, symmetrical from 11/01/2011 to 11/15/2011 |
| -0.17% | 1,312.41 | 4.36% | S and P 500 (^GSPC) | Pipe bottom from 11/21/2011 to 11/28/2011 |
| -0.34% | 12,632.91 | 3.40% | DJ 30 Industrials (^DJI) | Pipe bottom from 11/21/2011 to 11/28/2011 |
Below are the top 10 country exchange traded funds with the best performance this past week out of 26 ETFs. These may highlight emerging markets that are ready to soar.
Week
Change | Last
Close | YTD | Fund | Most Recent Chart Pattern |
| 5.57% | $48.36 | 17.55% | MSCI Turkey Index (TUR) | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 3.82% | $64.97 | 8.09% | MSCI Thailand Invest Mkt Index (THD) | Double Bottom, Adam and Adam from 01/25/2011 to 02/10/2011 |
| 3.12% | $12.38 | 14.31% | MSCI Singapore Index (EWS) | Pipe top from 11/28/2011 to 12/05/2011 |
| 2.75% | $15.71 | 10.48% | MSCI Austria Investable Mkt Index (EWO) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 2.58% | $23.42 | 9.24% | MSCI Australia Index fund (EWA) | Double Top, Eve and Eve from 07/01/2011 to 07/27/2011 |
| 2.32% | $66.53 | 8.94% | MSCI South Africa Index (EZA) | Pipe top from 12/05/2011 to 12/05/2011 |
| 2.12% | $58.17 | 8.20% | MSCI Mexico Investable Mkt idx (EWW) | Triangle, symmetrical from 11/08/2011 to 01/11/2012 |
| 2.07% | $42.88 | 10.15% | MSCI Pacific ex-Japan Index fund (EPP) | Double Bottom, Adam and Adam from 12/20/2011 to 12/28/2011 |
| 1.60% | $9.55 | 4.77% | MSCI Japan Index fund (EWJ) | Triple bottom from 09/12/2011 to 10/04/2011 |
| 1.55% | $12.75 | 8.88% | MSCI Taiwan Index (EWT) | Pipe top from 11/28/2011 to 12/05/2011 |
Below are the top 10 country exchange traded funds with the best performance year to date out of 26 ETFs.
Finding several countries from a similar region that is performing well helps identify which international mutual fund or ETF may continue to do well in the future.
YTD
Change | Last
Close | Fund | Most Recent Chart Pattern |
| 17.55% | $48.36 | MSCI Turkey Index (TUR) | Pipe bottom from 11/21/2011 to 11/28/2011 |
| 14.31% | $12.38 | MSCI Singapore Index (EWS) | Pipe top from 11/28/2011 to 12/05/2011 |
| 14.31% | $65.60 | MSCI Brazil Index fund (EWZ) | Triangle, symmetrical from 10/28/2011 to 11/15/2011 |
| 10.99% | $42.11 | MSCI Emerging Markets Index fund (EEM) | Pipe top from 11/28/2011 to 12/05/2011 |
| 10.98% | $21.33 | MSCI Germany Index (EWG) | Pipe top from 11/28/2011 to 12/05/2011 |
| 10.48% | $15.71 | MSCI Austria Investable Mkt Index (EWO) | Pipe bottom from 12/12/2011 to 12/19/2011 |
| 10.15% | $42.88 | MSCI Pacific ex-Japan Index fund (EPP) | Double Bottom, Adam and Adam from 12/20/2011 to 12/28/2011 |
| 9.76% | $57.36 | MSCI South Korea Index (EWY) | Pipe top from 12/05/2011 to 12/05/2011 |
| 9.24% | $16.90 | MSCI Hong Kong Index fund (EWH) | Pipe top from 11/28/2011 to 12/05/2011 |
| 9.24% | $23.42 | MSCI Australia Index fund (EWA) | Double Top, Eve and Eve from 07/01/2011 to 07/27/2011 |
-- Thomas Bulkowski
Written and copyright © 2012 by Thomas N. Bulkowski. All rights reserved.
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