As of 04/23/2024
Indus: 38,504 +263.71 +0.7%
Trans: 15,436 +212.01 +1.4%
Utils: 886 +2.63 +0.3%
Nasdaq: 15,697 +245.33 +1.6%
S&P 500: 5,071 +59.95 +1.2%
|
YTD
+2.2%
-2.9%
+0.5%
+4.6%
+6.3%
|
 39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 |
As of 04/23/2024
Indus: 38,504 +263.71 +0.7%
Trans: 15,436 +212.01 +1.4%
Utils: 886 +2.63 +0.3%
Nasdaq: 15,697 +245.33 +1.6%
S&P 500: 5,071 +59.95 +1.2%
|
YTD
+2.2%
-2.9%
+0.5%
+4.6%
+6.3%
| |
|
39,800 or 37,150 by 05/01/202416,200 or 15,000 by 05/01/2024885 or 850 by 05/01/202416,700 or 15,800 by 05/01/20245,250 or 5,025 by 05/01/2024 | ||
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Swing and Day Trading
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The following table show securities (stocks, exchange traded funds, indices) that have retraced a portion of the prior up trend.
To create this list, my computer found the most recent three major turns in which price climbed and then retraced. The retrace is between 57% and 67% of the first two turns, bracketing the 62% Fibonacci retrace number.
The table shows the Bottom, Peak, Bottom, which are the three turns.The Last Close is the most recent closing price as of the day the list was created.Diff is the difference between the last close and the most recent bottom.Suggested Stop is placed at 67% below the Top. Research says that this stop should only trigger a third of the time, allowing two thirds of trades to work. In real trading, though, anything could happen, so set a stop where you feel is best.
All of this is just guidance and I do not offer any type of guarantee that this setup will work. If and how you trade this is entirely up to you.
For more information on the setup, click See Also
-- Thomas Bulkowski
If none appear, then no setups were found in the 600+ securities I reviewed.
This is a list of stocks, ETFs and indices with a 57% to 67% retrace of the most recent advance, as of 4/18/24.
| Security | Bottom | Peak | Bottom | Last Close | Diff | Retrace | Suggested Stop |
|---|---|---|---|---|---|---|---|
| Air Transport Services Group (ATSG) | 3/19/24 | 3/28/24 | 4/5/24 $12.52 | $12.61 | $0.09 0.7% | 66% | $12.51 -0.8% |
| Allstate Corp (ALL) | 3/4/24 | 4/4/24 | 4/17/24 $161.06 | $169.11 | $8.05 5.0% | 65% | $160.70 -5.0% |
| American Financial Group (AFG) | 2/7/24 | 3/28/24 | 4/17/24 $124.39 | $125.41 | $1.03 0.8% | 60% | $122.92 -2.0% |
| Arrow Electronics (ARW) | 3/19/24 | 4/4/24 | 4/18/24 $121.88 | $122.04 | $0.16 0.1% | 63% | $121.26 -0.6% |
| Best Buy Co. (BBY) | 3/6/24 | 3/22/24 | 4/4/24 $78.37 | $76.00 | -$2.37 -3.0% | 59% | $77.71 2.2% |
| Booking Holdings (BKNG) | 3/15/24 | 3/27/24 | 4/4/24 $3,518.30 | $3,430.14 | -$88.16 -2.5% | 64% | $3,508.81 2.3% |
| Brinks Co (BCO) | 2/28/24 | 3/28/24 | 4/16/24 $85.04 | $86.29 | $1.25 1.5% | 58% | $83.84 -2.8% |
| Cal-Maine Foods Inc (CALM) | 4/2/24 | 4/5/24 | 4/18/24 $59.17 | $59.22 | $0.05 0.1% | 57% | $58.22 -1.7% |
| Cleveland-Cliffs Inc (CLF) | 3/14/24 | 4/4/24 | 4/16/24 $20.59 | $20.83 | $0.24 1.2% | 63% | $20.46 -1.8% |
| Colgate-Palmolive Co (CL) | 2/12/24 | 3/28/24 | 4/12/24 $85.68 | $86.71 | $1.03 1.2% | 61% | $85.22 -1.7% |
| Curtiss-Wright (CW) | 3/12/24 | 4/8/24 | 4/16/24 $246.43 | $248.53 | $2.10 0.9% | 60% | $244.61 -1.6% |
| Emcore Group Inc (EME) | 3/11/24 | 4/4/24 | 4/17/24 $334.43 | $336.06 | $1.63 0.5% | 63% | $331.98 -1.2% |
| Helmerich and Payne Inc. (HP) | 3/5/24 | 4/8/24 | 4/16/24 $40.53 | $41.17 | $0.64 1.6% | 59% | $40.01 -2.8% |
| Lam Research Corp (LRCX) | 3/15/24 | 3/21/24 | 4/4/24 $944.00 | $888.92 | -$55.08 -5.8% | 61% | $938.17 5.5% |
| Merck and Co., Inc. (MRK) | 3/15/24 | 3/27/24 | 4/18/24 $124.50 | $125.23 | $0.73 0.6% | 62% | $123.81 -1.1% |
| National Oilwell Varco (NOV) | 2/26/24 | 4/8/24 | 4/18/24 $18.36 | $18.50 | $0.14 0.7% | 60% | $18.08 -2.3% |
| Nordstrom Inc (JWN) | 3/18/24 | 4/1/24 | 4/4/24 $18.10 | $18.74 | $0.64 3.5% | 63% | $17.97 -4.1% |
| Oracle Corporation (ORCL) | 2/21/24 | 3/21/24 | 4/18/24 $115.70 | $116.00 | $0.30 0.3% | 65% | $115.18 -0.7% |
| Q2 Holdings Inc (QTWO) | 4/2/24 | 4/9/24 | 4/18/24 $49.64 | $49.81 | $0.17 0.3% | 58% | $48.96 -1.7% |
| Rockwell Automation Inc (ROK) | 3/20/24 | 3/28/24 | 4/4/24 $275.11 | $273.50 | -$1.61 -0.6% | 61% | $273.26 -0.1% |
| Watsco, Inc (WSO) | 2/20/24 | 4/8/24 | 4/18/24 $401.50 | $401.93 | $0.43 0.1% | 62% | $397.80 -1.0% |
| Woodward Inc (WWD) | 2/28/24 | 4/4/24 | 4/16/24 $144.45 | $146.81 | $2.36 1.6% | 67% | $144.35 -1.7% |
| MSCI Canada Index (EWC) | 2/13/24 | 4/9/24 | 4/16/24 $36.41 | $36.85 | $0.44 1.2% | 62% | $36.23 -1.7% |
| VanEck Vectors Semiconductor (SMH) | 3/19/24 | 4/1/24 | 4/5/24 $219.61 | $208.63 | -$10.98 -5.0% | 63% | $218.80 4.9% |
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