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

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.

Definitions

RS is relative strength (where 1 is best). For other definitions, see the glossary.

'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.

All numbers assume a bull market and are based on the breakout direction that occurs most often.

For more information, consult my book, Encyclopedia of Chart Patterns.

ABM Industries Inc (ABM)

Industry: Industrial Services

Industry RS rank: 10 out of 60

Stock RS rank: 321 out of 625

10/26/23 close: $39.61

1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $41.87 or 5.7% above the close.

Change YTD: -10.39%

Volume: 231,000 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: Pipe top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

ADTRAN Inc (ADTN)

Industry: Telecom. Equipment

Industry RS rank: 51 out of 60

Stock RS rank: 567 out of 625

10/26/23 close: $6.63

1 Month avg volatility: $0.32. Volatility stop (for downward breakout): $7.51 or 13.2% above the close.

Change YTD: -64.72%

Volume: 640,400 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: Head-and-shoulders top reversal pattern from 08/14/2023 to 10/02/2023

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 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.

Akamai Technologies Inc (AKAM)

Industry: E-Commerce

Industry RS rank: 3 out of 60

Stock RS rank: 39 out of 625

10/26/23 close: $101.85

1 Month avg volatility: $1.83. Volatility stop (for downward breakout): $107.15 or 5.2% above the close.

Change YTD: 20.82%

Volume: 1,161,600 shares. 3 month avg: 2,185,974 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 Top, Eve and Eve reversal pattern from 09/20/2023 to 10/11/2023

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.

Alteryx, Inc (AYX)

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 601 out of 625

10/26/23 close: $31.36

1 Month avg volatility: $1.34. Volatility stop (for upward breakout): $27.86 or 11.2% below the close.

Change YTD: -38.11%

Volume: 1,153,300 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: Rounding top continuation pattern from 09/05/2023 to 10/26/2023

WARNING: A dead-cat bounce occurred on 08/08/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/07/2023 and a 38% chance by 02/06/2024.
Breakout is upward 53% of the time.
Average rise: 37%.
Break-even failure rate: 9%.
Throwbacks occur 53% of the time.
Price hits measure rule target 61% of the time.

Arista Networks Inc (ANET)

Industry: E-Commerce

Industry RS rank: 3 out of 60

Stock RS rank: 163 out of 625

10/26/23 close: $169.82

1 Month avg volatility: $6.41. Volatility stop (for downward breakout): $196.39 or 15.7% above the close.

Change YTD: 39.94%

Volume: 5,273,800 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 Friday.

Chart pattern: Double Top, Eve and Eve reversal pattern from 09/01/2023 to 10/10/2023

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.

Atmos Energy Corp (ATO)

Industry: Natural Gas (Diversified)

Industry RS rank: 15 out of 60

Stock RS rank: 337 out of 625

10/26/23 close: $108.76

1 Month avg volatility: $2.05. Volatility stop (for downward breakout): $114.11 or 4.9% above the close.

Change YTD: -2.95%

Volume: 790,300 shares. 3 month avg: 444,800 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: Pipe top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Booz Allen Hamilton Holding Corp (BAH)

Industry: IT Services

Industry RS rank: 14 out of 60

Stock RS rank: 41 out of 625

10/26/23 close: $121.35

1 Month avg volatility: $2.44. Volatility stop (for downward breakout): $126.61 or 4.3% above the close.

Change YTD: 16.10%

Volume: 1,316,600 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Broadridge Financial Solutions Inc (BR)

Industry: Information Services

Industry RS rank: 27 out of 60

Stock RS rank: 58 out of 625

10/26/23 close: $169.33

1 Month avg volatility: $2.92. Volatility stop (for downward breakout): $178.41 or 5.4% above the close.

Change YTD: 26.24%

Volume: 372,700 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: Head-and-shoulders top reversal pattern from 08/14/2023 to 10/10/2023

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.

Cadence Design Systems Inc (CDNS)

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 120 out of 625

10/26/23 close: $230.44

1 Month avg volatility: $6.62. Volatility stop (for downward breakout): $248.40 or 7.8% above the close.

Change YTD: 43.45%

Volume: 1,699,700 shares. 3 month avg: 2,769,531 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Caleres (CAL)

Industry: Shoe

Industry RS rank: 49 out of 60

Stock RS rank: 98 out of 625

10/26/23 close: $25.99

1 Month avg volatility: $0.97. Volatility stop (for downward breakout): $28.28 or 8.8% above the close.

Change YTD: 16.65%

Volume: 247,700 shares. 3 month avg: 329,342 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: Triple top reversal pattern from 09/01/2023 to 10/17/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

Campbell Soup Co (CPB)

Industry: Food Processing

Industry RS rank: 58 out of 60

Stock RS rank: 555 out of 625

10/26/23 close: $40.93

1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $38.85 or 5.1% below the close.

Change YTD: -27.88%

Volume: 2,639,500 shares. 3 month avg: 2,769,580 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: Double Bottom, Adam and Adam reversal pattern from 10/06/2023 to 10/12/2023

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.

Ceridan HCM Holdings Inc (CDAY)

Industry: Information Services

Industry RS rank: 27 out of 60

Stock RS rank: 257 out of 625

10/26/23 close: $64.60

1 Month avg volatility: $2.04. Volatility stop (for downward breakout): $69.53 or 7.6% above the close.

Change YTD: 0.70%

Volume: 1,106,400 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: Pipe top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Church and Dwight Co Inc (CHD)

Industry: Household Products

Industry RS rank: 50 out of 60

Stock RS rank: 289 out of 625

10/26/23 close: $92.22

1 Month avg volatility: $1.62. Volatility stop (for upward breakout): $88.56 or 4.0% below the close.

Change YTD: 14.40%

Volume: 1,509,600 shares. 3 month avg: 2,023,622 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 10/09/2023 to 10/12/2023

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.

Cross Country Healthcare Inc (CCRN)

Industry: Human Resources

Industry RS rank: 40 out of 60

Stock RS rank: 278 out of 625

10/26/23 close: $22.71

1 Month avg volatility: $0.75. Volatility stop (for downward breakout): $24.53 or 8.0% above the close.

Change YTD: -14.53%

Volume: 308,600 shares. 3 month avg: 226,311 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: Double Top, Adam and Eve reversal pattern from 09/01/2023 to 09/28/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 14%.
Pullbacks occur 59% of the time.
Price hits measure rule target 69% of the time.

Duke Energy Corp (DUK)

Industry: Electric Utility (East)

Industry RS rank: 53 out of 60

Stock RS rank: 421 out of 625

10/26/23 close: $89.20

1 Month avg volatility: $1.94. Volatility stop (for upward breakout): $84.33 or 5.5% below the close.

Change YTD: -13.39%

Volume: 3,019,500 shares. 3 month avg: 2,571,354 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: Head-and-shoulders complex bottom reversal pattern from 09/05/2023 to 10/23/2023

Breakout is upward 100% of the time.
Average rise: 39%.
Break-even failure rate: 4%.
Throwbacks occur 63% of the time.
Price hits measure rule target 74% of the time.

Evolent Health, Inc (EVH)

Industry: Healthcare Information

Industry RS rank: 42 out of 60

Stock RS rank: 593 out of 625

10/26/23 close: $23.63

1 Month avg volatility: $0.91. Volatility stop (for downward breakout): $27.40 or 16.0% above the close.

Change YTD: -15.85%

Volume: 1,671,600 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: Double Top, Eve and Adam reversal pattern from 10/10/2023 to 10/16/2023

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.

Expeditors International of Washington (EXPD)

Industry: Air Transport

Industry RS rank: 46 out of 60

Stock RS rank: 264 out of 625

10/26/23 close: $108.50

1 Month avg volatility: $2.16. Volatility stop (for upward breakout): $102.87 or 5.2% below the close.

Change YTD: 4.41%

Volume: 1,254,200 shares. 3 month avg: 1,055,643 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: Broadening bottom reversal pattern from 08/14/2023 to 10/24/2023

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.

FirstEnergy Corp. (FE)

Industry: Electric Utility (East)

Industry RS rank: 53 out of 60

Stock RS rank: 449 out of 625

10/26/23 close: $36.06

1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $34.34 or 4.8% below the close.

Change YTD: -14.02%

Volume: 3,420,200 shares. 3 month avg: 4,155,280 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 bottom reversal pattern from 09/06/2023 to 10/23/2023

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.

FMC Corp. (FMC)

Industry: Chemical (Basic)

Industry RS rank: 44 out of 60

Stock RS rank: 620 out of 625

10/26/23 close: $57.34

1 Month avg volatility: $2.25. Volatility stop (for downward breakout): $62.89 or 9.7% above the close.

Change YTD: -54.05%

Volume: 1,642,800 shares. 3 month avg: 929,085 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: Dead-cat bounce continuation pattern from 10/23/2023 to 10/23/2023

Breakout is downward 67% of the time.
Average decline: 18%.

FormFactor Inc. (FORM)

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: 80 out of 625

10/26/23 close: $31.70

1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $35.30 or 11.4% above the close.

Change YTD: 42.60%

Volume: 252,700 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: Triple top reversal pattern from 09/29/2023 to 10/19/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

Fortinet Inc (FTNT)

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 464 out of 625

10/26/23 close: $55.72

1 Month avg volatility: $1.52. Volatility stop (for upward breakout): $52.42 or 5.9% below the close.

Change YTD: 13.97%

Volume: 5,463,700 shares. 3 month avg: 1,532,971 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: Falling wedge from 09/26/2023 to 10/26/2023

WARNING: A dead-cat bounce occurred on 08/04/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/03/2023 and a 38% chance by 02/02/2024.
Breakout is upward 68% of the time.
Average rise: 32%.
Break-even failure rate: 11%.
Throwbacks occur 56% of the time.
Price hits measure rule target 70% of the time.

Hawaiian Electric Industries, Inc. (HE)

Industry: Electric Utility (West)

Industry RS rank: 57 out of 60

Stock RS rank: 625 out of 625

10/26/23 close: $13.37

1 Month avg volatility: $0.45. Volatility stop (for upward breakout): $11.55 or 13.6% below the close.

Change YTD: -68.05%

Volume: 3,448,000 shares. 3 month avg: 463,472 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: Head-and-shoulders bottom reversal pattern from 09/25/2023 to 10/23/2023

WARNING: A dead-cat bounce occurred on 08/14/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/13/2023 and a 38% chance by 02/12/2024.
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.

HNI (HON Industries) (HNI)

Industry: Furn/Home Furnishings

Industry RS rank: 17 out of 60

Stock RS rank: 33 out of 625

10/26/23 close: $33.35

1 Month avg volatility: $0.78. Volatility stop (for downward breakout): $35.48 or 6.4% above the close.

Change YTD: 17.31%

Volume: 147,900 shares. 3 month avg: 239,735 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: Pipe top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Hub Group Inc. (HUBG)

Industry: Trucking/Transp. Leasing

Industry RS rank: 9 out of 60

Stock RS rank: 357 out of 625

10/26/23 close: $73.02

1 Month avg volatility: $1.85. Volatility stop (for downward breakout): $77.89 or 6.7% above the close.

Change YTD: -8.14%

Volume: 161,900 shares. 3 month avg: 343,494 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 Top, Adam and Adam reversal pattern from 09/14/2023 to 10/17/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

Hurco Companies Inc. (HURC)

Industry: Machinery

Industry RS rank: 31 out of 60

Stock RS rank: 408 out of 625

10/26/23 close: $20.16

1 Month avg volatility: $0.65. Volatility stop (for downward breakout): $21.57 or 7.0% above the close.

Change YTD: -22.85%

Volume: 11,800 shares. 3 month avg: 26,271 shares.
This security may be thinly traded (less than 100k 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 top reversal pattern from 08/28/2023 to 09/05/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Intel Corporation (INTC)

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: 133 out of 625

10/26/23 close: $32.52

1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $35.31 or 8.6% above the close.

Change YTD: 23.04%

Volume: 55,000,600 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: Head-and-shoulders top reversal pattern from 07/31/2023 to 10/12/2023

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.

Intuit Inc (INTU)

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 95 out of 625

10/26/23 close: $479.45

1 Month avg volatility: $13.17. Volatility stop (for downward breakout): $513.27 or 7.1% above the close.

Change YTD: 23.18%

Volume: 1,556,700 shares. 3 month avg: 1,303,997 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 Top, Eve and Eve reversal pattern from 09/08/2023 to 10/12/2023

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.

KLA-Tencor Corporation (KLAC)

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

Industry RS rank: 1 out of 60

Stock RS rank: 43 out of 625

10/26/23 close: $458.24

1 Month avg volatility: $14.12. Volatility stop (for downward breakout): $506.68 or 10.6% above the close.

Change YTD: 21.54%

Volume: 1,588,200 shares. 3 month avg: 1,563,420 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

MACOM Technology Solutions Holdings (MTSI)

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: 68 out of 625

10/26/23 close: $70.82

1 Month avg volatility: $2.45. Volatility stop (for downward breakout): $77.77 or 9.8% above the close.

Change YTD: 12.45%

Volume: 418,200 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: Triple top reversal pattern from 08/31/2023 to 10/10/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

Macys, Inc (M)

Industry: Retail Store

Industry RS rank: 24 out of 60

Stock RS rank: 571 out of 625

10/26/23 close: $11.83

1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $10.69 or 9.6% below the close.

Change YTD: -42.71%

Volume: 7,343,500 shares. 3 month avg: 14,056,392 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: Double Bottom, Eve and Eve reversal pattern from 09/21/2023 to 10/13/2023

Breakout is upward 100% of the time.
Average rise: 40%.
Break-even failure rate: 4%.
Throwbacks occur 55% of the time.
Price hits measure rule target 67% of the time.

Marchex, Inc (MCHX)

Industry: Advertising

Industry RS rank: 56 out of 60

Stock RS rank: 585 out of 625

10/26/23 close: $1.30

1 Month avg volatility: $0.11. Volatility stop (for upward breakout): $1.06 or 18.3% below the close.

Change YTD: -18.75%

Volume: 49,800 shares. 3 month avg: 97,160 shares.
This security may be thinly traded (less than 100k 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: Big W reversal pattern from 09/25/2023 to 10/09/2023

Breakout is upward 71% of the time.
Average rise: 31%.
Break-even failure rate: 11%.
Throwbacks occur 32% of the time.
Price hits measure rule target 42% of the time.

Mastercard Inc (MA)

Industry: Financial Services

Industry RS rank: 39 out of 60

Stock RS rank: 300 out of 625

10/26/23 close: $364.59

1 Month avg volatility: $7.19. Volatility stop (for downward breakout): $389.92 or 7.0% above the close.

Change YTD: 4.85%

Volume: 6,856,000 shares. 3 month avg: 2,793,240 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 07/27/2023 to 10/12/2023

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.

Mercury Systems, Inc (MRCY)

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

Industry RS rank: 43 out of 60

Stock RS rank: 540 out of 625

10/26/23 close: $36.03

1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $38.91 or 8.0% above the close.

Change YTD: -19.47%

Volume: 268,600 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

Chart pattern: Pipe top reversal pattern from 10/09/2023 to 10/16/2023

WARNING: A dead-cat bounce occurred on 05/03/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/01/2023.
Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Miller, Herman (MLKN)

Industry: Furn/Home Furnishings

Industry RS rank: 17 out of 60

Stock RS rank: 19 out of 625

10/26/23 close: $22.98

1 Month avg volatility: $1.01. Volatility stop (for downward breakout): $25.62 or 11.5% above the close.

Change YTD: 9.38%

Volume: 499,500 shares. 3 month avg: 361,806 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Netflix, Inc (NFLX)

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

Industry RS rank: 13 out of 60

Stock RS rank: 48 out of 625

10/26/23 close: $403.54

1 Month avg volatility: $10.87. Volatility stop (for upward breakout): $379.80 or 5.9% below the close.

Change YTD: 36.85%

Volume: 6,694,300 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 10/09/2023 to 10/16/2023

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.

Network Appliance (NTAP)

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

Industry RS rank: 43 out of 60

Stock RS rank: 108 out of 625

10/26/23 close: $71.43

1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $75.77 or 6.1% above the close.

Change YTD: 18.93%

Volume: 1,243,100 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: Head-and-shoulders top reversal pattern from 09/29/2023 to 10/17/2023

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.

Newell Brands Inc (NWL)

Industry: Household Products

Industry RS rank: 50 out of 60

Stock RS rank: 600 out of 625

10/26/23 close: $7.39

1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $6.51 or 12.0% below the close.

Change YTD: -43.50%

Volume: 6,248,000 shares. 3 month avg: 7,205,206 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 10/12/2023 to 10/23/2023

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

NextEra Energy Inc (NEE)

Industry: Electric Utility (East)

Industry RS rank: 53 out of 60

Stock RS rank: 541 out of 625

10/26/23 close: $57.57

1 Month avg volatility: $2.39. Volatility stop (for upward breakout): $51.90 or 9.8% below the close.

Change YTD: -31.14%

Volume: 17,113,700 shares. 3 month avg: 6,704,131 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: Pipe bottom reversal pattern from 10/02/2023 to 10/09/2023

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.

Nutanix Inc (NTNX)

Industry: E-Commerce

Industry RS rank: 3 out of 60

Stock RS rank: 13 out of 625

10/26/23 close: $34.41

1 Month avg volatility: $1.24. Volatility stop (for downward breakout): $38.21 or 11.1% above the close.

Change YTD: 32.09%

Volume: 1,633,300 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

NVidia Corp (NVDA)

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: 9 out of 625

10/26/23 close: $403.26

1 Month avg volatility: $14.61. Volatility stop (for downward breakout): $451.77 or 12.0% above the close.

Change YTD: 175.94%

Volume: 53,154,500 shares. 3 month avg: 15,363,712 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: Head-and-shoulders top reversal pattern from 07/14/2023 to 10/12/2023

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.

Packaging Corp of America (PKG)

Industry: Packaging and Container

Industry RS rank: 30 out of 60

Stock RS rank: 113 out of 625

10/26/23 close: $150.64

1 Month avg volatility: $2.81. Volatility stop (for downward breakout): $158.54 or 5.3% above the close.

Change YTD: 17.77%

Volume: 795,400 shares. 3 month avg: 777,560 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: Triple top reversal pattern from 09/29/2023 to 10/18/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

Prudential Financial Inc (PRU)

Industry: Insurance (Life)

Industry RS rank: 7 out of 60

Stock RS rank: 179 out of 625

10/26/23 close: $90.31

1 Month avg volatility: $1.81. Volatility stop (for downward breakout): $94.99 or 5.2% above the close.

Change YTD: -9.20%

Volume: 1,371,200 shares. 3 month avg: 1,688,191 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: Head-and-shoulders top reversal pattern from 08/07/2023 to 10/17/2023

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.

Regeneron Pharmaceuticals (REGN)

Industry: Biotechnology

Industry RS rank: 38 out of 60

Stock RS rank: 261 out of 625

10/26/23 close: $792.01

1 Month avg volatility: $13.63. Volatility stop (for downward breakout): $825.03 or 4.2% above the close.

Change YTD: 9.77%

Volume: 350,500 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.

Chart pattern: Double Top, Eve and Adam reversal pattern from 08/23/2023 to 10/13/2023

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.

Ryder System Inc (R)

Industry: Trucking/Transp. Leasing

Industry RS rank: 9 out of 60

Stock RS rank: 63 out of 625

10/26/23 close: $93.22

1 Month avg volatility: $2.54. Volatility stop (for downward breakout): $99.55 or 6.8% above the close.

Change YTD: 11.55%

Volume: 304,400 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: Double Top, Adam and Adam reversal pattern from 09/29/2023 to 10/17/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

Sally Beauty (SBH)

Industry: Toiletries/Cosmetics

Industry RS rank: 59 out of 60

Stock RS rank: 607 out of 625

10/26/23 close: $8.42

1 Month avg volatility: $0.34. Volatility stop (for upward breakout): $7.24 or 14.0% below the close.

Change YTD: -32.75%

Volume: 2,200,400 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: Ugly double bottom reversal pattern from 10/13/2023 to 10/23/2023

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.

Science Applications International Corp (SAIC)

Industry: IT Services

Industry RS rank: 14 out of 60

Stock RS rank: 177 out of 625

10/26/23 close: $108.32

1 Month avg volatility: $2.25. Volatility stop (for downward breakout): $113.55 or 4.8% above the close.

Change YTD: -2.35%

Volume: 201,700 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Skechers USA Inc (SKX)

Industry: Shoe

Industry RS rank: 49 out of 60

Stock RS rank: 366 out of 625

10/26/23 close: $46.78

1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $50.49 or 7.9% above the close.

Change YTD: 11.51%

Volume: 3,124,800 shares. 3 month avg: 3,234,920 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 Top, Adam and Adam reversal pattern from 09/29/2023 to 10/17/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

Steelcase (SCS)

Industry: Furn/Home Furnishings

Industry RS rank: 17 out of 60

Stock RS rank: 29 out of 625

10/26/23 close: $10.49

1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $11.32 or 7.9% above the close.

Change YTD: 48.37%

Volume: 669,300 shares. 3 month avg: 708,518 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Synopsys Inc (SNPS)

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 50 out of 625

10/26/23 close: $453.54

1 Month avg volatility: $12.59. Volatility stop (for downward breakout): $485.77 or 7.1% above the close.

Change YTD: 42.05%

Volume: 609,000 shares. 3 month avg: 998,728 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Textron Inc (TXT)

Industry: Diversified Co.

Industry RS rank: 36 out of 60

Stock RS rank: 93 out of 625

10/26/23 close: $76.02

1 Month avg volatility: $1.67. Volatility stop (for downward breakout): $80.60 or 6.0% above the close.

Change YTD: 7.37%

Volume: 2,451,000 shares. 3 month avg: 1,342,598 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 Top, Adam and Adam reversal pattern from 09/20/2023 to 10/17/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

The Trade Desk (TTD)

Industry: Advertising

Industry RS rank: 56 out of 60

Stock RS rank: 147 out of 625

10/26/23 close: $66.22

1 Month avg volatility: $3.11. Volatility stop (for downward breakout): $77.14 or 16.5% above the close.

Change YTD: 47.71%

Volume: 9,254,800 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: Double Top, Eve and Eve reversal pattern from 09/12/2023 to 10/11/2023

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.

Waters Corp (WAT)

Industry: Precision Instrument

Industry RS rank: 54 out of 60

Stock RS rank: 509 out of 625

10/26/23 close: $244.45

1 Month avg volatility: $7.12. Volatility stop (for downward breakout): $259.82 or 6.3% above the close.

Change YTD: -28.64%

Volume: 906,600 shares. 3 month avg: 398,726 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: Horn top reversal pattern from 08/28/2023 to 09/11/2023

Breakout is downward 100% of the time.
Average decline: 21%.
Break-even failure rate: 7%.
Pullbacks occur 33% of the time.
Price hits measure rule target 70% of the time.

Western Union Co (WU)

Industry: Financial Services

Industry RS rank: 39 out of 60

Stock RS rank: 155 out of 625

10/26/23 close: $11.67

1 Month avg volatility: $0.32. Volatility stop (for downward breakout): $13.38 or 14.7% above the close.

Change YTD: -15.25%

Volume: 13,508,000 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, Adam and Eve reversal pattern from 09/28/2023 to 10/24/2023

Breakout is downward 100% of the time.
Average decline: 18%.
Break-even failure rate: 14%.
Pullbacks occur 59% of the time.
Price hits measure rule target 69% of the time.

WEX Inc (WEX)

Industry: Information Services

Industry RS rank: 27 out of 60

Stock RS rank: 344 out of 625

10/26/23 close: $166.09

1 Month avg volatility: $5.31. Volatility stop (for downward breakout): $196.04 or 18.0% above the close.

Change YTD: 1.49%

Volume: 953,700 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: Head-and-shoulders top reversal pattern from 08/10/2023 to 10/17/2023

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.

Williams-Sonoma Inc. (WSM)

Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 12 out of 60

Stock RS rank: 51 out of 625

10/26/23 close: $144.23

1 Month avg volatility: $3.85. Volatility stop (for downward breakout): $160.18 or 11.1% above the close.

Change YTD: 25.50%

Volume: 1,470,400 shares. 3 month avg: 1,925,938 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 top reversal pattern from 10/09/2023 to 10/16/2023

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Woodward Inc (WWD)

Industry: Precision Instrument

Industry RS rank: 54 out of 60

Stock RS rank: 34 out of 625

10/26/23 close: $121.23

1 Month avg volatility: $2.44. Volatility stop (for downward breakout): $127.31 or 5.0% above the close.

Change YTD: 25.48%

Volume: 200,000 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: Triple top reversal pattern from 08/01/2023 to 10/17/2023

Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

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