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Bulkowski's Retrace Setup

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Busted
Patterns
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Patterns
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As of 10/11/2019
  Indus: 26,817 +319.92 +1.2%  
  Trans: 10,292 +224.65 +2.2%  
  Utils: 867 -5.54 -0.6%  
  Nasdaq: 8,057 +106.26 +1.3%  
  S&P 500: 2,970 +32.14 +1.1%  
YTD
 +15.0%  
 +12.2%  
 +21.6%  
 +21.4%  
 +18.5%  
  Targets    Overview: 09/30/2019  
  Up arrow27,600 or 25,600 by 10/15/2019
  Up arrow11,100 or 9,700 by 10/15/2019
  Up arrow900 or 850 by 10/15/2019
  Up arrow8,300 or 7,700 by 10/15/2019
  Down arrow2,825 or 3,050 by 10/15/2019
As of 10/11/2019
  Indus: 26,817 +319.92 +1.2%  
  Trans: 10,292 +224.65 +2.2%  
  Utils: 867 -5.54 -0.6%  
  Nasdaq: 8,057 +106.26 +1.3%  
  S&P 500: 2,970 +32.14 +1.1%  
YTD
 +15.0%  
 +12.2%  
 +21.6%  
 +21.4%  
 +18.5%  
  Targets    Overview: 09/30/2019  
  Up arrow27,600 or 25,600 by 10/15/2019
  Up arrow11,100 or 9,700 by 10/15/2019
  Up arrow900 or 850 by 10/15/2019
  Up arrow8,300 or 7,700 by 10/15/2019
  Down arrow2,825 or 3,050 by 10/15/2019

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

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.

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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.

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

Click the link for a list of symbols from the table.

-- 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 10/10/19.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
3D Systems (DDD)  8/28/19   9/16/19  10/8/19 $7.43 $7.80 $0.37 5.0% 60% $7.26 -6.9%
AES Corp (AES)  9/9/19   9/27/19  10/9/19 $15.43 $15.82 $0.39 2.5% 65% $15.40 -2.6%
Alaska Air Group, Inc (ALK)  8/27/19   9/13/19  10/3/19 $61.15 $64.88 $3.73 6.1% 57% $60.22 -7.2%
Allstate Corp (ALL)  9/3/19   9/24/19  10/3/19 $104.82 $107.14 $2.32 2.2% 60% $104.23 -2.7%
Ameren (AEE)  9/10/19   9/26/19  10/10/19 $76.39 $76.85 $0.46 0.6% 59% $75.79 -1.4%
American Electric Power AEP (AEP)  9/10/19   9/24/19  10/2/19 $91.68 $92.61 $0.93 1.0% 67% $91.67 -1.0%
American Equity Investment Life Holding (AEL)  8/28/19   9/13/19  10/9/19 $21.75 $22.44 $0.69 3.2% 66% $21.71 -3.3%
Atmos Energy Corp (ATO)  9/10/19   9/25/19  10/10/19 $110.41 $110.85 $0.44 0.4% 59% $109.79 -1.0%
Autodesk Inc (ADSK)  8/28/19   9/12/19  10/3/19 $140.26 $144.73 $4.47 3.2% 65% $139.66 -3.5%
Comtech Telecommunications Corp (CMTL)  9/3/19   9/26/19  10/3/19 $29.94 $30.75 $0.81 2.7% 64% $29.68 -3.5%
Cree Inc (CREE)  9/3/19   9/16/19  10/8/19 $45.58 $47.63 $2.05 4.5% 63% $45.10 -5.3%
Cummins Inc. (CMI)  8/23/19   9/13/19  10/3/19 $151.15 $157.05 $5.90 3.9% 62% $149.79 -4.6%
Deckers Outdoor Corp (DECK)  9/24/19   10/1/19  10/8/19 $138.55 $143.73 $5.18 3.7% 58% $136.70 -4.9%
Dilliards Inc (DDS)  8/16/19   9/11/19  9/24/19 $57.35 $70.71 $13.36 23.3% 60% $55.78 -21.1%
Edison International (EIX)  9/9/19   9/26/19  10/2/19 $72.82 $74.19 $1.37 1.9% 59% $72.33 -2.5%
Evolent Health, Inc (EVH)  9/3/19   9/20/19  10/3/19 $6.93 $7.33 $0.40 5.8% 64% $6.86 -6.4%
F5 Networks, Inc. (FFIV)  8/28/19   9/12/19  10/10/19 $128.51 $132.45 $3.94 3.1% 67% $128.50 -3.0%
Insperity (NSP)  8/15/19   9/12/19  10/3/19 $94.32 $98.29 $3.97 4.2% 66% $94.18 -4.2%
Interface, Inc. (TILE)  9/17/19   10/1/19  10/8/19 $13.31 $13.56 $0.25 1.8% 57% $13.05 -3.7%
JC Penney Company Inc (JCP)  8/26/19   9/11/19  9/19/19 $0.80 $0.97 $0.17 21.8% 64% $0.78 -19.9%
La-Z-Boy Inc (LZB)  8/21/19   9/26/19  10/2/19 $31.80 $32.62 $0.82 2.6% 58% $31.42 -3.7%
Marten Transport Ltd (MRTN)  8/28/19   9/12/19  10/4/19 $19.76 $20.16 $0.40 2.0% 60% $19.46 -3.5%
NewMarket Corp. (NEU)  9/16/19   10/1/19  10/8/19 $457.04 $461.08 $4.04 0.9% 66% $456.86 -0.9%
Northrop Grumman Corp (NOC)  9/10/19   9/26/19  10/2/19 $359.23 $368.75 $9.52 2.7% 58% $355.31 -3.6%
NVidia Corp (NVDA)  8/28/19   9/12/19  9/27/19 $169.32 $183.03 $13.71 8.1% 65% $168.70 -7.8%
Old Republic International Corp (ORI)  9/9/19   9/30/19  10/2/19 $22.79 $23.01 $0.22 1.0% 59% $22.66 -1.5%
Olin Corp. (OLN)  8/23/19   9/11/19  10/3/19 $17.19 $18.19 $1.00 5.8% 57% $16.77 -7.8%
PPL Corporation (PPL)  9/9/19   9/30/19  10/9/19 $30.10 $30.56 $0.46 1.5% 67% $30.09 -1.5%
Public Service Enterprise Group PEG (PEG)  9/9/19   9/24/19  10/3/19 $60.88 $61.51 $0.63 1.0% 66% $60.86 -1.1%
Raytheon Co. (RTN)  8/27/19   9/16/19  10/2/19 $188.24 $198.61 $10.37 5.5% 58% $185.62 -6.5%
Rockwell Automation Inc (ROK)  8/26/19   9/13/19  10/10/19 $152.61 $154.80 $2.19 1.4% 67% $152.55 -1.5%
Rocky Brands Inc (RCKY)  9/5/19   9/30/19  10/8/19 $30.63 $32.50 $1.87 6.1% 58% $30.10 -7.4%
Skechers USA Inc (SKX)  9/18/19   9/30/19  10/3/19 $35.23 $35.87 $0.64 1.8% 67% $35.23 -1.8%
Southern Copper (SCCO)  8/26/19   9/13/19  10/9/19 $32.05 $33.28 $1.23 3.8% 62% $31.71 -4.7%
Spire (SR)  9/11/19   9/19/19  10/10/19 $84.14 $84.79 $0.65 0.8% 57% $83.46 -1.6%
Standex International Corp (SXI)  8/26/19   9/16/19  10/2/19 $68.15 $69.80 $1.65 2.4% 59% $66.72 -4.4%
Stein Mart Inc. (SMRT)  9/9/19   9/18/19  10/7/19 $0.75 $0.78 $0.03 3.9% 63% $0.74 -4.7%
Timken Co., The (TKR)  8/28/19   9/13/19  10/3/19 $40.41 $41.80 $1.39 3.4% 65% $40.28 -3.6%
Global X Robotics and Artificial Intell (BOTZ)  8/28/19   9/13/19  10/3/19 $19.14 $19.34 $0.20 1.0% 57% $18.90 -2.3%
MSCI Brazil Index fund (EWZ)  8/27/19   9/12/19  10/3/19 $40.48 $41.17 $0.69 1.7% 58% $40.07 -2.7%
PowerShares DB Agriculture (DBA)  9/20/19   10/3/19  10/7/19 $15.56 $15.69 $0.13 0.8% 64% $15.54 -0.9%
Robo Global Robotics and Automation (ROBO)  8/28/19   9/13/19  10/3/19 $36.54 $37.15 $0.61 1.7% 67% $36.53 -1.7%
S and P Latin America 40 Index fund (ILF)  8/26/19   9/13/19  10/3/19 $30.53 $31.36 $0.83 2.7% 57% $30.18 -3.8%
VanEck Vectors Semiconductor (SMH)  8/28/19   9/12/19  10/3/19 $115.08 $119.70 $4.62 4.0% 58% $113.84 -4.9%
E. Mutual Fund Portfolio (SMH)  8/28/19   9/12/19  10/3/19 $115.08 $119.70 $4.62 4.0% 58% $113.84 -4.9%

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See Also

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. Two wrongs won't make a right, but three will get you back onto the freeway.