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: Diversified Co.

Industry RS rank: 40 out of 60

Stock RS rank: 455 out of 625

11/2/23 close: $92.31

1 Month avg volatility: $1.78. Volatility stop (for upward breakout): $87.47 or 5.2% below the close.

Change YTD: -23.02%

Volume: 2,611,900 shares. 3 month avg: 3,021,471 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: Head-and-shoulders bottom reversal pattern from 10/06/2023 to 10/27/2023

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: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 5 out of 625

11/2/23 close: $558.71

1 Month avg volatility: $14.54. Volatility stop (for downward breakout): $588.44 or 5.3% above the close.

Change YTD: 66.02%

Volume: 2,279,700 shares. 3 month avg: 3,137,863 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.

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 150 out of 625

11/2/23 close: $51.93

1 Month avg volatility: $1.34. Volatility stop (for downward breakout): $55.52 or 6.9% above the close.

Change YTD: 4.95%

Volume: 369,900 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: Double Top, Adam and Eve reversal pattern from 08/11/2023 to 09/25/2023

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.

Industry: Apparel

Industry RS rank: 23 out of 60

Stock RS rank: 22 out of 625

11/2/23 close: $18.31

1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $16.35 or 10.7% below the close.

Change YTD: 31.16%

Volume: 5,281,800 shares. 3 month avg: 4,309,748 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: Triangle, ascending reversal pattern from 10/12/2023 to 11/02/2023

Breakout is upward 70% of the time.

Average rise: 35%.

Break-even failure rate: 13%.

Throwbacks occur 57% of the time.

Price hits measure rule target 75% of the time.

Industry: Financial Services

Industry RS rank: 34 out of 60

Stock RS rank: 317 out of 625

11/2/23 close: $150.85

1 Month avg volatility: $3.16. Volatility stop (for upward breakout): $142.02 or 5.9% below the close.

Change YTD: 2.10%

Volume: 3,090,800 shares. 3 month avg: 3,419,958 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 Bottom, Adam and Adam reversal pattern from 10/23/2023 to 10/27/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 25 out of 60

Stock RS rank: 68 out of 625

11/2/23 close: $64.36

1 Month avg volatility: $1.24. Volatility stop (for upward breakout): $60.43 or 6.1% below the close.

Change YTD: 1.77%

Volume: 7,205,900 shares. 3 month avg: 5,185,998 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: Three Rising Valleys reversal pattern from 08/22/2023 to 10/23/2023

Breakout is upward 100% of the time.

Average rise: 41%.

Break-even failure rate: 5%.

Throwbacks occur 60% of the time.

Price hits measure rule target 58% of the time.

Industry: Natural Gas (Diversified)

Industry RS rank: 9 out of 60

Stock RS rank: 18 out of 625

11/2/23 close: $30.43

1 Month avg volatility: $0.99. Volatility stop (for upward breakout): $27.33 or 10.2% below the close.

Change YTD: -1.81%

Volume: 3,448,200 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: Ugly double bottom reversal pattern from 10/04/2023 to 10/26/2023

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: Trucking/Transp. Leasing

Industry RS rank: 22 out of 60

Stock RS rank: 48 out of 625

11/2/23 close: $117.41

1 Month avg volatility: $3.93. Volatility stop (for upward breakout): $106.12 or 9.6% below the close.

Change YTD: 67.63%

Volume: 496,300 shares. 3 month avg: 234,063 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 10/16/2023 to 10/23/2023

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: Electric Utility (West)

Industry RS rank: 57 out of 60

Stock RS rank: 542 out of 625

11/2/23 close: $34.34

1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $32.23 or 6.2% below the close.

Change YTD: -22.55%

Volume: 838,900 shares. 3 month avg: 396,820 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 Bottom, Eve and Eve reversal pattern from 10/03/2023 to 10/23/2023

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.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 25 out of 60

Stock RS rank: 335 out of 625

11/2/23 close: $54.00

1 Month avg volatility: $1.40. Volatility stop (for downward breakout): $61.68 or 14.2% above the close.

Change YTD: -0.31%

Volume: 1,193,400 shares. 3 month avg: 808,385 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: Head-and-shoulders top reversal pattern from 09/20/2023 to 11/02/2023

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: Furn/Home Furnishings

Industry RS rank: 17 out of 60

Stock RS rank: 197 out of 625

11/2/23 close: $15.88

1 Month avg volatility: $0.34. Volatility stop (for upward breakout): $14.81 or 6.8% below the close.

Change YTD: -8.63%

Volume: 19,500 shares. 3 month avg: 28,538 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 Friday.

 

Chart pattern: Ugly double bottom reversal pattern from 09/29/2023 to 10/16/2023

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: Cement and Aggregates

Industry RS rank: 7 out of 60

Stock RS rank: 281 out of 625

11/2/23 close: $6.43

1 Month avg volatility: $0.24. Volatility stop (for upward breakout): $5.75 or 10.5% below the close.

Change YTD: 58.77%

Volume: 6,165,100 shares. 3 month avg: 9,928,860 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: Triangle, symmetrical continuation pattern from 09/29/2023 to 11/01/2023

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: 202 out of 625

11/2/23 close: $80.32

1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $85.17 or 6.0% above the close.

Change YTD: -5.73%

Volume: 2,819,500 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: Triple top reversal pattern from 09/26/2023 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.

Industry: Metals and Mining (Div.)

Industry RS rank: 49 out of 60

Stock RS rank: 145 out of 625

11/2/23 close: $17.19

1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $15.74 or 8.4% below the close.

Change YTD: 6.70%

Volume: 9,488,000 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 10/16/2023 to 10/23/2023

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: Human Resources

Industry RS rank: 31 out of 60

Stock RS rank: 409 out of 625

11/2/23 close: $19.91

1 Month avg volatility: $0.92. Volatility stop (for downward breakout): $22.63 or 13.7% above the close.

Change YTD: -25.07%

Volume: 1,568,600 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: Dead-cat bounce continuation pattern from 11/02/2023 to 11/02/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Metals and Mining (Div.)

Industry RS rank: 49 out of 60

Stock RS rank: 185 out of 625

11/2/23 close: $182.26

1 Month avg volatility: $5.54. Volatility stop (for downward breakout): $193.81 or 6.3% above the close.

Change YTD: 32.49%

Volume: 144,500 shares. 3 month avg: 88,880 shares.

This security may be thinly traded (less than 100k 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 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.

Industry: Toiletries/Cosmetics

Industry RS rank: 59 out of 60

Stock RS rank: 611 out of 625

11/2/23 close: $114.38

1 Month avg volatility: $4.75. Volatility stop (for downward breakout): $124.39 or 8.8% above the close.

Change YTD: -53.90%

Volume: 6,918,200 shares. 3 month avg: 1,843,415 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: Dead-cat bounce continuation pattern from 11/01/2023 to 11/01/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Electric Utility (East)

Industry RS rank: 53 out of 60

Stock RS rank: 366 out of 625

11/2/23 close: $40.70

1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $37.83 or 7.1% below the close.

Change YTD: -5.85%

Volume: 6,466,100 shares. 3 month avg: 5,244,875 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: Ugly double bottom reversal pattern from 10/03/2023 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.

Industry: Electric Utility (East)

Industry RS rank: 53 out of 60

Stock RS rank: 399 out of 625

11/2/23 close: $36.57

1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $34.82 or 4.8% below the close.

Change YTD: -12.80%

Volume: 2,928,900 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: Ugly double bottom reversal pattern from 10/03/2023 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.

Industry: Food Processing

Industry RS rank: 58 out of 60

Stock RS rank: 565 out of 625

11/2/23 close: $66.24

1 Month avg volatility: $1.19. Volatility stop (for upward breakout): $62.50 or 5.7% below the close.

Change YTD: -21.00%

Volume: 3,586,500 shares. 3 month avg: 4,139,065 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: Ugly double bottom reversal pattern from 10/06/2023 to 10/30/2023

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: Healthcare Information

Industry RS rank: 48 out of 60

Stock RS rank: 49 out of 625

11/2/23 close: $66.49

1 Month avg volatility: $2.11. Volatility stop (for downward breakout): $72.90 or 9.6% above the close.

Change YTD: 7.87%

Volume: 1,201,800 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 Top, Adam and Eve reversal pattern from 09/28/2023 to 10/13/2023

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.

Industry: Electric Utility (West)

Industry RS rank: 57 out of 60

Stock RS rank: 458 out of 625

11/2/23 close: $99.40

1 Month avg volatility: $1.92. Volatility stop (for upward breakout): $92.60 or 6.8% below the close.

Change YTD: -7.83%

Volume: 359,100 shares. 3 month avg: 199,551 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: Head-and-shoulders complex bottom reversal pattern from 08/21/2023 to 10/31/2023

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.

Industry: Electronics

Industry RS rank: 39 out of 60

Stock RS rank: 272 out of 625

11/2/23 close: $83.72

1 Month avg volatility: $2.43. Volatility stop (for upward breakout): $77.78 or 7.1% below the close.

Change YTD: 22.29%

Volume: 234,800 shares. 3 month avg: 128,783 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 10/16/2023 to 10/23/2023

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: 17 out of 60

Stock RS rank: 78 out of 625

11/2/23 close: $9.42

1 Month avg volatility: $0.28. Volatility stop (for downward breakout): $9.99 or 6.0% above the close.

Change YTD: -4.56%

Volume: 272,000 shares. 3 month avg: 457,515 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: Head-and-shoulders complex top reversal pattern from 09/14/2023 to 10/05/2023

Breakout is downward 100% of the time.

Average decline: 23%.

Break-even failure rate: 4%.

Pullbacks occur 67% of the time.

Price hits measure rule target 53% of the time.

Industry: Semiconductor Cap Equip.

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

Industry RS rank: 4 out of 60

Stock RS rank: 410 out of 625

11/2/23 close: $43.81

1 Month avg volatility: $1.20. Volatility stop (for upward breakout): $39.94 or 8.8% below the close.

Change YTD: -1.02%

Volume: 472,700 shares. 3 month avg: 518,337 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: Double Bottom, Adam and Adam reversal pattern from 10/25/2023 to 11/01/2023

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: IT Services

Industry RS rank: 13 out of 60

Stock RS rank: 57 out of 625

11/2/23 close: $103.18

1 Month avg volatility: $2.07. Volatility stop (for upward breakout): $96.02 or 6.9% below the close.

Change YTD: -1.91%

Volume: 1,381,100 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: Head-and-shoulders bottom reversal pattern from 09/26/2023 to 10/27/2023

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: Drug

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

Industry RS rank: 33 out of 60

Stock RS rank: 37 out of 625

11/2/23 close: $580.29

1 Month avg volatility: $16.55. Volatility stop (for downward breakout): $630.53 or 8.7% above the close.

Change YTD: 58.62%

Volume: 5,140,000 shares. 3 month avg: 2,964,762 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.

Industry: Aerospace/Defense

Industry RS rank: 28 out of 60

Stock RS rank: 288 out of 625

11/2/23 close: $458.04

1 Month avg volatility: $8.31. Volatility stop (for upward breakout): $434.12 or 5.2% below the close.

Change YTD: -5.85%

Volume: 1,224,700 shares. 3 month avg: 1,203,803 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 10/06/2023 to 10/27/2023

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: Homebuilding

Industry RS rank: 14 out of 60

Stock RS rank: 34 out of 625

11/2/23 close: $91.52

1 Month avg volatility: $2.64. Volatility stop (for upward breakout): $83.92 or 8.3% below the close.

Change YTD: 98.18%

Volume: 528,400 shares. 3 month avg: 297,328 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 10/16/2023 to 10/23/2023

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: Electric Utility (Central)

Industry RS rank: 52 out of 60

Stock RS rank: 364 out of 625

11/2/23 close: $74.33

1 Month avg volatility: $1.31. Volatility stop (for upward breakout): $70.55 or 5.1% below the close.

Change YTD: 5.58%

Volume: 72,600 shares. 3 month avg: 83,160 shares.

This security may be thinly traded (less than 100k 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: Ugly double bottom reversal pattern from 10/03/2023 to 10/25/2023

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: Advertising

Industry RS rank: 47 out of 60

Stock RS rank: 477 out of 625

11/2/23 close: $76.60

1 Month avg volatility: $1.45. Volatility stop (for upward breakout): $72.00 or 6.0% below the close.

Change YTD: -6.09%

Volume: 1,010,200 shares. 3 month avg: 2,548,395 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: Triangle, symmetrical continuation pattern from 10/04/2023 to 11/01/2023

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: Semiconductor

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

Industry RS rank: 6 out of 60

Stock RS rank: 502 out of 625

11/2/23 close: $66.63

1 Month avg volatility: $3.28. Volatility stop (for downward breakout): $73.89 or 10.9% above the close.

Change YTD: 6.83%

Volume: 11,606,600 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: Dead-cat bounce continuation pattern from 10/30/2023 to 10/30/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 27 out of 625

11/2/23 close: $250.36

1 Month avg volatility: $7.46. Volatility stop (for downward breakout): $267.00 or 6.6% above the close.

Change YTD: 79.42%

Volume: 3,443,500 shares. 3 month avg: 1,496,697 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.

Industry: Chemical (Specialty)

Industry RS rank: 30 out of 60

Stock RS rank: 149 out of 625

11/2/23 close: $14.84

1 Month avg volatility: $0.37. Volatility stop (for upward breakout): $13.89 or 6.4% below the close.

Change YTD: 10.66%

Volume: 69,800 shares. 3 month avg: 77,045 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 Monday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 10/06/2023 to 10/31/2023

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: Retail Building Supply

Industry RS rank: 32 out of 60

Stock RS rank: 103 out of 625

11/2/23 close: $79.46

1 Month avg volatility: $2.13. Volatility stop (for upward breakout): $73.19 or 7.9% below the close.

Change YTD: 31.12%

Volume: 135,900 shares. 3 month avg: 94,083 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 Thursday.

 

Chart pattern: Triple bottom reversal pattern from 10/09/2023 to 10/26/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Medical Services

Industry RS rank: 36 out of 60

Stock RS rank: 616 out of 625

11/2/23 close: $7.19

1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $8.33 or 15.9% above the close.

Change YTD: -59.38%

Volume: 676,500 shares. 3 month avg: 739,945 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: Dead-cat bounce continuation pattern from 10/31/2023 to 10/31/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Electric Utility (West)

Industry RS rank: 57 out of 60

Stock RS rank: 350 out of 625

11/2/23 close: $16.76

1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $15.90 or 5.2% below the close.

Change YTD: 3.08%

Volume: 22,767,500 shares. 3 month avg: 5,870,049 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 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.

Industry: Electric Utility (East)

Industry RS rank: 53 out of 60

Stock RS rank: 301 out of 625

11/2/23 close: $63.42

1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $59.66 or 5.9% below the close.

Change YTD: 3.51%

Volume: 3,067,700 shares. 3 month avg: 2,747,514 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: Ugly double bottom reversal pattern from 10/03/2023 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.

Industry: Toiletries/Cosmetics

Industry RS rank: 59 out of 60

Stock RS rank: 604 out of 625

11/2/23 close: $9.01

1 Month avg volatility: $0.33. Volatility stop (for upward breakout): $7.94 or 11.8% below the close.

Change YTD: -28.04%

Volume: 1,453,600 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 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.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 25 out of 60

Stock RS rank: 246 out of 625

11/2/23 close: $105.35

1 Month avg volatility: $2.52. Volatility stop (for downward breakout): $113.22 or 7.5% above the close.

Change YTD: 18.89%

Volume: 380,700 shares. 3 month avg: 158,554 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: Diamond top reversal pattern from 09/25/2023 to 11/01/2023

Breakout is downward 69% of the time.

Average decline: 21%.

Break-even failure rate: 6%.

Pullbacks occur 57% of the time.

Price hits measure rule target 76% of the time.

Industry: Electric Utility (West)

Industry RS rank: 57 out of 60

Stock RS rank: 391 out of 625

11/2/23 close: $72.08

1 Month avg volatility: $1.49. Volatility stop (for upward breakout): $67.48 or 6.4% below the close.

Change YTD: -6.72%

Volume: 3,312,100 shares. 3 month avg: 1,356,452 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: Ugly double bottom reversal pattern from 10/03/2023 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.

Industry: Chemical (Basic)

Industry RS rank: 45 out of 60

Stock RS rank: 240 out of 625

11/2/23 close: $245.32

1 Month avg volatility: $5.82. Volatility stop (for upward breakout): $228.35 or 6.9% below the close.

Change YTD: 3.37%

Volume: 1,494,400 shares. 3 month avg: 564,294 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 Bottom, Adam and Adam reversal pattern from 10/24/2023 to 10/30/2023

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: Natural Gas (Diversified)

Industry RS rank: 9 out of 60

Stock RS rank: 63 out of 625

11/2/23 close: $90.25

1 Month avg volatility: $2.04. Volatility stop (for upward breakout): $78.89 or 12.6% below the close.

Change YTD: 22.79%

Volume: 4,046,300 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: Ugly double bottom reversal pattern from 10/05/2023 to 10/30/2023

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: Drug

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

Industry RS rank: 33 out of 60

Stock RS rank: 309 out of 625

11/2/23 close: $8.78

1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $8.12 or 7.5% below the close.

Change YTD: -3.73%

Volume: 5,096,300 shares. 3 month avg: 26,334,894 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 Bottom, Adam and Adam reversal pattern from 10/23/2023 to 10/27/2023

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: Financial Services

Industry RS rank: 34 out of 60

Stock RS rank: 219 out of 625

11/2/23 close: $243.25

1 Month avg volatility: $3.64. Volatility stop (for upward breakout): $231.92 or 4.7% below the close.

Change YTD: 17.08%

Volume: 5,970,700 shares. 3 month avg: 6,911,166 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: Triple bottom reversal pattern from 09/27/2023 to 10/27/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 4%.

Throwbacks occur 64% of the time.

Price hits measure rule target 64% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 25 out of 60

Stock RS rank: 117 out of 625

11/2/23 close: $67.81

1 Month avg volatility: $1.22. Volatility stop (for upward breakout): $64.55 or 4.8% below the close.

Change YTD: -6.56%

Volume: 1,224,300 shares. 3 month avg: 1,243,968 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: Three Rising Valleys reversal pattern from 08/23/2023 to 10/23/2023

Breakout is upward 100% of the time.

Average rise: 41%.

Break-even failure rate: 5%.

Throwbacks occur 60% of the time.

Price hits measure rule target 58% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 49 out of 60

Stock RS rank: 498 out of 625

11/2/23 close: $43.25

1 Month avg volatility: $1.03. Volatility stop (for downward breakout): $45.65 or 5.6% above the close.

Change YTD: 11.03%

Volume: 1,675,500 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: Diamond top reversal pattern from 10/17/2023 to 11/02/2023

Breakout is downward 69% of the time.

Average decline: 21%.

Break-even failure rate: 6%.

Pullbacks occur 57% of the time.

Price hits measure rule target 76% of the time.

Industry: Internet

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

Industry RS rank: 16 out of 60

Stock RS rank: 162 out of 625

11/2/23 close: $155.40

1 Month avg volatility: $3.20. Volatility stop (for downward breakout): $162.80 or 4.8% above the close.

Change YTD: 26.19%

Volume: 1,184,300 shares. 3 month avg: 212,098 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: Triple top reversal pattern from 07/19/2023 to 09/11/2023

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.

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: 155 out of 625

11/2/23 close: $463.09

1 Month avg volatility: $10.82. Volatility stop (for downward breakout): $488.04 or 5.4% above the close.

Change YTD: 33.08%

Volume: 886,700 shares. 3 month avg: 570,480 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: Head-and-shoulders complex top reversal pattern from 06/14/2023 to 09/05/2023

Breakout is downward 100% of the time.

Average decline: 23%.

Break-even failure rate: 4%.

Pullbacks occur 67% of the time.

Price hits measure rule target 53% of the time.

 

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