As of 10/20/2021
  Indus: 35,609 +152.03 +0.4%  
  Trans: 15,462 +157.20 +1.0%  
  Utils: 916 +13.91 +1.5%  
  Nasdaq: 15,122 -7.41 0.0%  
  S&P 500: 4,536 +16.56 +0.4%  
YTD
 +16.3%  
 +23.6%  
 +6.0%  
 +17.3%  
 +20.8%  
  Targets    Overview: 10/14/2021  
  Up arrow36,000 or 34,600 by 11/01/2021
  Up arrow16,100 or 14,500 by 11/01/2021
  Up arrow925 or 860 by 11/01/2021
  Up arrow15,400 or 14,200 by 11/01/2021
  Up arrow4,600 or 4,250 by 11/01/2021
CPI (updated daily): Arrows on 10/8/21
As of 10/20/2021
  Indus: 35,609 +152.03 +0.4%  
  Trans: 15,462 +157.20 +1.0%  
  Utils: 916 +13.91 +1.5%  
  Nasdaq: 15,122 -7.41 0.0%  
  S&P 500: 4,536 +16.56 +0.4%  
YTD
 +16.3%  
 +23.6%  
 +6.0%  
 +17.3%  
 +20.8%  
  Targets    Overview: 10/14/2021  
  Up arrow36,000 or 34,600 by 11/01/2021
  Up arrow16,100 or 14,500 by 11/01/2021
  Up arrow925 or 860 by 11/01/2021
  Up arrow15,400 or 14,200 by 11/01/2021
  Up arrow4,600 or 4,250 by 11/01/2021
CPI (updated daily): Arrows on 10/8/21

Bulkowski's Retrace Setup

 

My book, Swing and Day TradingSwing and Day Trading: Evolution of a Trader book., has other trading setups geared toward swing and day traders. I show a picture of the book on the left.

If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.

-- Tom Bulkowski

$ $ $

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.

Retrace Setup Definitions

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

Retrace Setups

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 10/14/21.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
Alliance Data Systems Corp (ADS)  9/21/21   9/27/21  10/13/21 $96.25 $98.99 $2.74 2.8% 65% $95.99 -3.0%
Apogee Enterprises (APOG)  9/21/21   9/27/21  10/6/21 $36.36 $39.63 $3.27 9.0% 62% $36.03 -9.1%
Booze Allen Hamilton Holding Corp (BAH)  9/21/21   10/4/21  10/13/21 $79.42 $80.66 $1.24 1.6% 61% $79.18 -1.8%
Discover Financial Services (DFS)  9/20/21   9/27/21  9/30/21 $122.77 $126.82 $4.05 3.3% 64% $122.37 -3.5%
Duke Energy Corp (DUK)  9/28/21   10/7/21  10/13/21 $99.05 $101.65 $2.60 2.6% 59% $98.55 -3.0%
Olin Corp. (OLN)  9/21/21   9/27/21  10/6/21 $47.42 $48.66 $1.24 2.6% 59% $46.82 -3.8%
Patterson-UTI Energy Inc. (PTEN)  9/21/21   10/5/21  10/13/21 $8.46 $8.98 $0.52 6.1% 59% $8.24 -8.2%
Scotts Miracle-Gro Co. (SMG)  9/20/21   9/28/21  10/6/21 $145.07 $148.58 $3.51 2.4% 58% $143.80 -3.2%
SEI Investments Co (SEIC)  9/20/21   9/28/21  10/4/21 $58.75 $61.27 $2.52 4.3% 60% $58.47 -4.6%
Summit Materials Inc (SUM)  9/20/21   10/4/21  10/12/21 $31.08 $33.41 $2.33 7.5% 63% $30.88 -7.6%
Nasdaq 100 short 1x ProShares (PSQ)  9/7/21   10/4/21  10/14/21 $11.87 $11.87 $0.00 0.0% 57% $11.77 -0.8%
Nasdaq 100 short 2x ProShares (QID)  9/7/21   10/4/21  10/14/21 $18.89 $18.92 $0.03 0.2% 58% $18.62 -1.6%
UltraShort 2x Real Estate ProShares (SRS)  9/7/21   10/6/21  10/14/21 $14.51 $14.52 $0.01 0.1% 65% $14.46 -0.4%

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See Also

 

Support this site! Clicking any of the books (below) takes you to Amazon.com. If you buy ANYTHING while there, they pay for the referral.
Legal notices: "As an Amazon Associate I earn from qualifying purchases." Paid links).

My novels:  Bumper's Story Head's Law

Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Encyclopedia of Candlestick Charts Trading Classic Chart Patterns

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