As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%	Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%
Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

Patterns for the Weekend Details

Copyright © 2023 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Industrial Services

Industry RS rank: 13 out of 60

Stock RS rank: 543 out of 627

9/7/23 close: $38.70

1 Month avg volatility: $0.79. Volatility stop (for downward breakout): $42.81 or 10.6% above the close.

Change YTD: -12.45%

Volume: 1,881,300 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Head-and-shoulders top reversal pattern from 08/01/2023 to 09/01/2023

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: IT Services

Industry RS rank: 11 out of 60

Stock RS rank: 466 out of 627

9/7/23 close: $23.14

1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $21.89 or 5.4% below the close.

Change YTD: 0.61%

Volume: 363,400 shares. 3 month avg: 679,420 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/21/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 57 out of 60

Stock RS rank: 561 out of 627

9/7/23 close: $158.68

1 Month avg volatility: $3.18. Volatility stop (for downward breakout): $167.97 or 5.9% above the close.

Change YTD: -4.18%

Volume: 513,000 shares. 3 month avg: 670,414 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

 

Chart pattern: Triangle, descending reversal pattern from 07/26/2023 to 09/07/2023

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Telecom. Equipment

Industry RS rank: 59 out of 60

Stock RS rank: 623 out of 627

9/7/23 close: $8.13

1 Month avg volatility: $0.32. Volatility stop (for upward breakout): $7.40 or 9.0% below the close.

Change YTD: -56.73%

Volume: 677,100 shares. 3 month avg: 348,746 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.

 

Chart pattern: Ugly double bottom reversal pattern from 08/07/2023 to 08/29/2023

WARNING: A dead-cat bounce occurred on 08/07/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/06/2023 and a 38% chance by 02/05/2024.

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: E-Commerce

Industry RS rank: 4 out of 60

Stock RS rank: 45 out of 627

9/7/23 close: $195.54

1 Month avg volatility: $5.02. Volatility stop (for upward breakout): $181.41 or 7.2% below the close.

Change YTD: 61.14%

Volume: 1,637,900 shares. 3 month avg: 2,258,017 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 07/24/2023 to 07/31/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Packaging and Container

Industry RS rank: 35 out of 60

Stock RS rank: 283 out of 627

9/7/23 close: $182.41

1 Month avg volatility: $2.73. Volatility stop (for upward breakout): $175.63 or 3.7% below the close.

Change YTD: 0.78%

Volume: 410,500 shares. 3 month avg: 661,129 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Chemical (Specialty)

Industry RS rank: 19 out of 60

Stock RS rank: 473 out of 627

9/7/23 close: $38.06

1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $36.10 or 5.2% below the close.

Change YTD: 12.74%

Volume: 438,200 shares. 3 month avg: 523,769 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Chemical (Basic)

Industry RS rank: 45 out of 60

Stock RS rank: 393 out of 627

9/7/23 close: $80.85

1 Month avg volatility: $1.97. Volatility stop (for upward breakout): $76.10 or 5.9% below the close.

Change YTD: -5.11%

Volume: 2,919,700 shares. 3 month avg: 3,754,700 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/21/2023 to 08/28/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Machinery

Industry RS rank: 36 out of 60

Stock RS rank: 422 out of 627

9/7/23 close: $36.16

1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $34.62 or 4.3% below the close.

Change YTD: 11.36%

Volume: 92,600 shares. 3 month avg: 120,960 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Broadening bottom reversal pattern from 08/15/2023 to 09/05/2023

Breakout is upward 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Diversified Co.

Industry RS rank: 32 out of 60

Stock RS rank: 588 out of 627

9/7/23 close: $86.50

1 Month avg volatility: $1.84. Volatility stop (for upward breakout): $80.76 or 6.6% below the close.

Change YTD: -13.89%

Volume: 203,900 shares. 3 month avg: 293,374 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Cement and Aggregates

Industry RS rank: 8 out of 60

Stock RS rank: 67 out of 627

9/7/23 close: $180.67

1 Month avg volatility: $4.27. Volatility stop (for upward breakout): $170.20 or 5.8% below the close.

Change YTD: 36.00%

Volume: 470,000 shares. 3 month avg: 553,088 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Information Services

Industry RS rank: 16 out of 60

Stock RS rank: 303 out of 627

9/7/23 close: $201.48

1 Month avg volatility: $3.11. Volatility stop (for upward breakout): $195.16 or 3.1% below the close.

Change YTD: 3.66%

Volume: 512,200 shares. 3 month avg: 3,458,600 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Semiconductor

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 6 out of 60

Stock RS rank: 142 out of 627

9/7/23 close: $33.47

1 Month avg volatility: $1.20. Volatility stop (for upward breakout): $30.09 or 10.1% below the close.

Change YTD: 50.56%

Volume: 340,300 shares. 3 month avg: 748,688 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 42 out of 60

Stock RS rank: 229 out of 627

9/7/23 close: $140.41

1 Month avg volatility: $2.80. Volatility stop (for upward breakout): $134.64 or 4.1% below the close.

Change YTD: 3.14%

Volume: 287,300 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Head-and-shoulders bottom reversal pattern from 08/08/2023 to 08/25/2023

Breakout is upward 100% of the time.

Average rise: 38%.

Break-even failure rate: 3%.

Throwbacks occur 45% of the time.

Price hits measure rule target 74% of the time.

Industry: Aerospace/Defense

Industry RS rank: 40 out of 60

Stock RS rank: 386 out of 627

9/7/23 close: $218.69

1 Month avg volatility: $2.56. Volatility stop (for downward breakout): $224.58 or 2.7% above the close.

Change YTD: -11.86%

Volume: 797,800 shares. 3 month avg: 1,076,035 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 08/11/2023 to 08/30/2023

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Telecom. Equipment

Industry RS rank: 59 out of 60

Stock RS rank: 616 out of 627

9/7/23 close: $4.19

1 Month avg volatility: $0.23. Volatility stop (for upward breakout): $3.73 or 11.0% below the close.

Change YTD: -37.83%

Volume: 1,518,800 shares. 3 month avg: 1,624,214 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Ugly double bottom reversal pattern from 08/09/2023 to 08/28/2023

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Semiconductor

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 6 out of 60

Stock RS rank: 19 out of 627

9/7/23 close: $38.18

1 Month avg volatility: $1.04. Volatility stop (for upward breakout): $34.66 or 9.2% below the close.

Change YTD: 44.46%

Volume: 66,637,500 shares. 3 month avg: 27,019,903 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Industrial Services

Industry RS rank: 13 out of 60

Stock RS rank: 108 out of 627

9/7/23 close: $63.65

1 Month avg volatility: $0.98. Volatility stop (for upward breakout): $61.45 or 3.5% below the close.

Change YTD: 27.68%

Volume: 1,307,400 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Double Bottom, Adam and Eve reversal pattern from 08/03/2023 to 08/18/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Retail Building Supply

Industry RS rank: 10 out of 60

Stock RS rank: 125 out of 627

9/7/23 close: $233.61

1 Month avg volatility: $3.87. Volatility stop (for upward breakout): $222.42 or 4.8% below the close.

Change YTD: 17.25%

Volume: 2,486,700 shares. 3 month avg: 6,401,252 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

 

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 08/08/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 5%.

Throwbacks occur 64% of the time.

Price hits measure rule target 66% of the time.

Industry: Semiconductor

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 6 out of 60

Stock RS rank: 174 out of 627

9/7/23 close: $80.45

1 Month avg volatility: $2.49. Volatility stop (for upward breakout): $74.44 or 7.5% below the close.

Change YTD: 27.74%

Volume: 296,700 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 42 out of 60

Stock RS rank: 452 out of 627

9/7/23 close: $104.08

1 Month avg volatility: $2.54. Volatility stop (for upward breakout): $98.79 or 5.1% below the close.

Change YTD: 18.93%

Volume: 72,600 shares.

This security may be thinly traded (less than 100k shares)!

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Broadening bottom reversal pattern from 08/04/2023 to 09/05/2023

Breakout is upward 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Information Services

Industry RS rank: 16 out of 60

Stock RS rank: 119 out of 627

9/7/23 close: $342.12

1 Month avg volatility: $4.82. Volatility stop (for upward breakout): $328.72 or 3.9% below the close.

Change YTD: 22.79%

Volume: 542,100 shares. 3 month avg: 714,397 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Internet

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 7 out of 60

Stock RS rank: 26 out of 627

9/7/23 close: $443.14

1 Month avg volatility: $11.11. Volatility stop (for upward breakout): $414.49 or 6.5% below the close.

Change YTD: 50.28%

Volume: 2,912,500 shares. 3 month avg: 6,844,629 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Computers and Peripherals

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 29 out of 60

Stock RS rank: 85 out of 627

9/7/23 close: $78.86

1 Month avg volatility: $1.21. Volatility stop (for upward breakout): $75.70 or 4.0% below the close.

Change YTD: 31.30%

Volume: 2,022,200 shares. 3 month avg: 2,986,022 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 08/18/2023 to 08/25/2023

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 5%.

Throwbacks occur 64% of the time.

Price hits measure rule target 66% of the time.

Industry: Precision Instrument

Industry RS rank: 41 out of 60

Stock RS rank: 213 out of 627

9/7/23 close: $160.78

1 Month avg volatility: $4.30. Volatility stop (for upward breakout): $150.00 or 6.7% below the close.

Change YTD: 18.33%

Volume: 150,000 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Double Bottom, Adam and Eve reversal pattern from 08/09/2023 to 08/18/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Chemical (Basic)

Industry RS rank: 45 out of 60

Stock RS rank: 509 out of 627

9/7/23 close: $49.61

1 Month avg volatility: $1.31. Volatility stop (for downward breakout): $52.67 or 6.2% above the close.

Change YTD: -6.29%

Volume: 2,275,200 shares. 3 month avg: 1,697,154 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 08/09/2023 to 08/30/2023

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Semiconductor

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 6 out of 60

Stock RS rank: 105 out of 627

9/7/23 close: $98.51

1 Month avg volatility: $2.95. Volatility stop (for upward breakout): $90.21 or 8.4% below the close.

Change YTD: 57.94%

Volume: 4,693,400 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: E-Commerce

Industry RS rank: 4 out of 60

Stock RS rank: 221 out of 627

9/7/23 close: $198.53

1 Month avg volatility: $4.29. Volatility stop (for upward breakout): $188.04 or 5.3% below the close.

Change YTD: 2.20%

Volume: 262,100 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Financial Services

Industry RS rank: 28 out of 60

Stock RS rank: 545 out of 627

9/7/23 close: $61.65

1 Month avg volatility: $1.37. Volatility stop (for upward breakout): $58.37 or 5.3% below the close.

Change YTD: -13.44%

Volume: 11,677,600 shares. 3 month avg: 21,592,165 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Electronics

Industry RS rank: 33 out of 60

Stock RS rank: 429 out of 627

9/7/23 close: $92.67

1 Month avg volatility: $2.04. Volatility stop (for downward breakout): $98.74 or 6.6% above the close.

Change YTD: -9.97%

Volume: 158,200 shares. 3 month avg: 160,228 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Double Top, Eve and Eve reversal pattern from 07/25/2023 to 09/01/2023

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Semiconductor Cap Equip.

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 3 out of 60

Stock RS rank: 58 out of 627

9/7/23 close: $56.02

1 Month avg volatility: $1.97. Volatility stop (for downward breakout): $60.07 or 7.2% above the close.

Change YTD: 56.39%

Volume: 819,600 shares. 3 month avg: 669,732 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Rising wedge reversal pattern from 08/04/2023 to 09/07/2023

WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/31/2023 and a 38% chance by 01/30/2024.

Breakout is downward 69% of the time.

Average decline: 14%.

Break-even failure rate: 24%.

Pullbacks occur 63% of the time.

Price hits measure rule target 46% of the time.

Industry: Aerospace/Defense

Industry RS rank: 40 out of 60

Stock RS rank: 511 out of 627

9/7/23 close: $84.33

1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $81.43 or 3.4% below the close.

Change YTD: -16.44%

Volume: 6,138,800 shares. 3 month avg: 4,671,166 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 07/31/2023 to 09/05/2023

Breakout is upward 54% of the time.

Average rise: 31%.

Break-even failure rate: 9%.

Throwbacks occur 37% of the time.

Price hits measure rule target 66% of the time.

Industry: Chemical (Basic)

Industry RS rank: 45 out of 60

Stock RS rank: 597 out of 627

9/7/23 close: $52.69

1 Month avg volatility: $1.72. Volatility stop (for upward breakout): $48.59 or 7.8% below the close.

Change YTD: 8.44%

Volume: 745,000 shares. 3 month avg: 327,891 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

WARNING: A dead-cat bounce occurred on 08/02/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/01/2023 and a 38% chance by 01/31/2024.

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: E-Commerce

Industry RS rank: 4 out of 60

Stock RS rank: 17 out of 627

9/7/23 close: $64.78

1 Month avg volatility: $1.93. Volatility stop (for upward breakout): $59.71 or 7.8% below the close.

Change YTD: 86.63%

Volume: 8,601,300 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 44 out of 60

Stock RS rank: 373 out of 627

9/7/23 close: $60.50

1 Month avg volatility: $1.36. Volatility stop (for downward breakout): $63.84 or 5.5% above the close.

Change YTD: -2.23%

Volume: 602,600 shares. 3 month avg: 213,628 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 07/27/2023 to 08/09/2023

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Trucking/Transp. Leasing

Industry RS rank: 17 out of 60

Stock RS rank: 471 out of 627

9/7/23 close: $57.67

1 Month avg volatility: $1.31. Volatility stop (for upward breakout): $53.86 or 6.6% below the close.

Change YTD: -4.19%

Volume: 137,400 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 08/07/2023 to 09/07/2023

Breakout is upward 54% of the time.

Average rise: 31%.

Break-even failure rate: 9%.

Throwbacks occur 37% of the time.

Price hits measure rule target 66% of the time.

Industry: Biotechnology

Industry RS rank: 27 out of 60

Stock RS rank: 92 out of 627

9/7/23 close: $343.96

1 Month avg volatility: $4.98. Volatility stop (for upward breakout): $333.78 or 3.0% below the close.

Change YTD: 19.11%

Volume: 1,424,000 shares. 3 month avg: 1,548,174 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 08/02/2023 to 09/05/2023

Breakout is upward 54% of the time.

Average rise: 31%.

Break-even failure rate: 9%.

Throwbacks occur 37% of the time.

Price hits measure rule target 66% of the time.

Industry: Information Services

Industry RS rank: 16 out of 60

Stock RS rank: 266 out of 627

9/7/23 close: $197.70

1 Month avg volatility: $3.28. Volatility stop (for upward breakout): $189.69 or 4.1% below the close.

Change YTD: 20.81%

Volume: 240,500 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Computers and Peripherals

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 29 out of 60

Stock RS rank: 513 out of 627

9/7/23 close: $264.24

1 Month avg volatility: $6.80. Volatility stop (for upward breakout): $243.23 or 8.0% below the close.

Change YTD: 3.05%

Volume: 494,600 shares. 3 month avg: 395,197 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Ugly double bottom reversal pattern from 08/03/2023 to 08/25/2023

WARNING: A dead-cat bounce occurred on 08/01/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/31/2023 and a 38% chance by 01/30/2024.

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

 

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