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Bulkowski's Retrace Setup

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Busted
Patterns
Candles Chart
Patterns
Event
Patterns
Small Patterns
As of 08/19/2019
  Indus: 26,136 +249.78 +1.0%  
  Trans: 10,081 +114.06 +1.1%  
  Utils: 836 +5.18 +0.6%  
  Nasdaq: 8,003 +106.82 +1.4%  
  S&P 500: 2,924 +34.97 +1.2%  
YTD
 +12.0%  
 +9.9%  
 +17.3%  
 +20.6%  
 +16.6%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019
As of 08/19/2019
  Indus: 26,136 +249.78 +1.0%  
  Trans: 10,081 +114.06 +1.1%  
  Utils: 836 +5.18 +0.6%  
  Nasdaq: 8,003 +106.82 +1.4%  
  S&P 500: 2,924 +34.97 +1.2%  
YTD
 +12.0%  
 +9.9%  
 +17.3%  
 +20.6%  
 +16.6%  
  Targets    Overview: 08/15/2019  
  Up arrow27,200 or 24,900 by 09/01/2019
  Up arrow10,700 or 9,550 by 09/01/2019
  Up arrow850 or 790 by 09/01/2019
  Up arrow8,200 or 7,400 by 09/01/2019
  Up arrow3,000 or 2,750 by 09/01/2019

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.

If you click on this link and then buy the book (or anything) 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

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 8/15/19.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
Adobe Systems (ADBE)  6/4/19   7/19/19  8/5/19 $276.78 $282.71 $5.93 2.1% 65% $275.82 -2.4%
CoreLogic Inc (CLGX)  6/26/19   7/24/19  8/7/19 $43.83 $45.59 $1.76 4.0% 59% $43.31 -5.0%
Edison International (EIX)  7/30/19   8/9/19  8/14/19 $71.43 $72.07 $0.64 0.9% 62% $71.10 -1.3%
Facebook (FB)  6/4/19   7/25/19  8/5/19 $179.34 $182.59 $3.25 1.8% 61% $176.62 -3.3%
Fortinet Inc (FTNT)  6/3/19   8/2/19  8/5/19 $78.83 $80.10 $1.27 1.6% 58% $76.76 -4.2%
KLA-Tencor Corporation (KLAC)  7/9/19   8/1/19  8/5/19 $125.19 $132.04 $6.85 5.5% 67% $125.16 -5.2%
LSB Industries Inc (LXU)  7/18/19   7/30/19  8/15/19 $4.05 $4.21 $0.16 4.0% 58% $3.78 -10.3%
Palto Alto Networks Inc (PANW)  6/25/19   8/1/19  8/7/19 $208.31 $214.61 $6.30 3.0% 66% $207.83 -3.2%
Rocky Brands Inc (RCKY)  6/19/19   7/29/19  8/15/19 $27.78 $27.98 $0.20 0.7% 66% $27.70 -1.0%
Surmodics, Inc (SRDX)  7/22/19   8/1/19  8/14/19 $42.37 $44.23 $1.86 4.4% 61% $41.68 -5.8%
Teradyne Inc. (TER)  7/16/19   7/24/19  8/7/19 $49.89 $52.03 $2.14 4.3% 59% $48.68 -6.4%
Visteon Corp (VC)  7/9/19   7/26/19  8/5/19 $58.22 $60.73 $2.51 4.3% 64% $57.67 -5.0%

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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.