As of 05/10/2024

Indus: 39,513 +125.08 +0.3%

Trans: 15,597 +84.96 +0.5%

Utils: 942 -0.84 -0.1%

Nasdaq: 16,341 -5.39 0.0%

S&P 500: 5,223 +8.60 +0.2%

YTD

+4.8%

-1.9%

+6.9%

+8.9%

+9.5%

Targets Overview: 04/29/2024

39,950 or 38,500 by 06/01/2024

15,820 or 14,600 by 05/15/2024

960 or 900 by 06/01/2024

16,700 or 15,200 by 05/15/2024

5,250 or 4,850 by 05/15/2024

Chart Pattern Indicator:

on 5/1/24

As of 05/10/2024

Indus: 39,513 +125.08 +0.3%

Trans: 15,597 +84.96 +0.5%

Utils: 942 -0.84 -0.1%

Nasdaq: 16,341 -5.39 0.0%

S&P 500: 5,223 +8.60 +0.2%

YTD

+4.8%

-1.9%

+6.9%

+8.9%

+9.5%

Targets Overview: 04/29/2024

39,950 or 38,500 by 06/01/2024

15,820 or 14,600 by 05/15/2024

960 or 900 by 06/01/2024

16,700 or 15,200 by 05/15/2024

5,250 or 4,850 by 05/15/2024

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.

3D Systems (DDD)

Industry: Electronics

Industry RS rank: 47 out of 60

Stock RS rank: 613 out of 623

1/4/24 close: $5.61

1 Month avg volatility: $0.34. Volatility stop (for downward breakout): $6.37 or 13.6% above the close.

Change YTD: -11.65%

Volume: 2,003,500 shares. 3 month avg: 3,031,971 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: Big M reversal pattern from 12/14/2023 to 12/26/2023

Breakout is downward 100% of the time.
Average decline: 17%.
Break-even failure rate: 11%.
Pullbacks occur 63% of the time.
Price hits measure rule target 57% of the time.

Adobe Systems (ADBE)

Industry: Computer Software and Svcs

Industry RS rank: 11 out of 60

Stock RS rank: 118 out of 623

1/4/24 close: $567.05

1 Month avg volatility: $11.06. Volatility stop (for downward breakout): $595.02 or 4.9% above the close.

Change YTD: -4.95%

Volume: 2,086,000 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: Double Top, Eve and Adam reversal pattern from 11/29/2023 to 12/12/2023

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.

Alaska Air Group, Inc (ALK)

Industry: Air Transport

Industry RS rank: 56 out of 60

Stock RS rank: 605 out of 623

1/4/24 close: $36.81

1 Month avg volatility: $1.21. Volatility stop (for downward breakout): $39.67 or 7.8% above the close.

Change YTD: -5.78%

Volume: 1,868,200 shares. 3 month avg: 1,966,126 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 12/18/2023 to 12/26/2023

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.

Amphenol Corp (APH)

Industry: Electronics

Industry RS rank: 47 out of 60

Stock RS rank: 158 out of 623

1/4/24 close: $94.63

1 Month avg volatility: $1.07. Volatility stop (for downward breakout): $97.36 or 2.9% above the close.

Change YTD: -4.54%

Volume: 2,461,300 shares. 3 month avg: 1,207,969 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, Adam and Eve reversal pattern from 12/15/2023 to 12/26/2023

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.

Applied Materials (AMAT)

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

Industry RS rank: 13 out of 60

Stock RS rank: 306 out of 623

1/4/24 close: $149.31

1 Month avg volatility: $3.53. Volatility stop (for downward breakout): $159.05 or 6.5% above the close.

Change YTD: -7.87%

Volume: 6,194,200 shares. 3 month avg: 11,583,771 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, Eve and Eve reversal pattern from 12/15/2023 to 12/28/2023

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.

Arista Networks Inc (ANET)

Industry: E-Commerce

Industry RS rank: 8 out of 60

Stock RS rank: 17 out of 623

1/4/24 close: $230.56

1 Month avg volatility: $4.65. Volatility stop (for downward breakout): $241.61 or 4.8% above the close.

Change YTD: -2.10%

Volume: 1,249,500 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 12/18/2023 to 12/26/2023

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.

Baxter International, Inc. (BAX)

Industry: Medical Supplies

Industry RS rank: 59 out of 60

Stock RS rank: 554 out of 623

1/4/24 close: $38.63

1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $40.50 or 4.9% above the close.

Change YTD: -0.08%

Volume: 4,263,500 shares. 3 month avg: 2,457,589 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: Broadening top reversal pattern from 12/14/2023 to 01/03/2024

Breakout is downward 50% of the time.
Average decline: 15%.
Break-even failure rate: 18%.
Pullbacks occur 48% of the time.
Price hits measure rule target 37% of the time.

Bio-Rad Laboratories (BIO)

Industry: Medical Supplies

Industry RS rank: 59 out of 60

Stock RS rank: 565 out of 623

1/4/24 close: $316.48

1 Month avg volatility: $7.94. Volatility stop (for upward breakout): $297.72 or 5.9% below the close.

Change YTD: -1.99%

Volume: 121,900 shares. 3 month avg: 180,103 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 10/23/2023 to 10/30/2023

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.

Boot Barn Holdings Inc (BOOT)

Industry: Shoe

Industry RS rank: 18 out of 60

Stock RS rank: 567 out of 623

1/4/24 close: $71.45

1 Month avg volatility: $2.72. Volatility stop (for downward breakout): $77.83 or 8.9% above the close.

Change YTD: -6.92%

Volume: 1,539,400 shares. 3 month avg: 434,749 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: Head-and-shoulders top reversal pattern from 12/04/2023 to 12/27/2023

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.

Build-A-Bear Workshop Inc (BBW)

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

Industry RS rank: 4 out of 60

Stock RS rank: 327 out of 623

1/4/24 close: $22.65

1 Month avg volatility: $0.80. Volatility stop (for upward breakout): $20.66 or 8.8% below the close.

Change YTD: -1.48%

Volume: 318,000 shares. 3 month avg: 99,982 shares.
This security may be thinly traded (less than 100k 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: Falling wedge from 11/30/2023 to 01/04/2024

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.

Builders FirstSource, Inc (BLDR)

Industry: Retail Building Supply

Industry RS rank: 24 out of 60

Stock RS rank: 133 out of 623

1/4/24 close: $157.29

1 Month avg volatility: $4.79. Volatility stop (for downward breakout): $170.15 or 8.2% above the close.

Change YTD: -5.78%

Volume: 1,271,400 shares. 3 month avg: 1,257,223 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: Double Top, Adam and Eve reversal pattern from 12/14/2023 to 12/28/2023

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.

Bunge Ltd (BG)

Industry: Food Processing

Industry RS rank: 58 out of 60

Stock RS rank: 369 out of 623

1/4/24 close: $98.95

1 Month avg volatility: $2.03. Volatility stop (for downward breakout): $104.80 or 5.9% above the close.

Change YTD: -1.98%

Volume: 1,642,500 shares. 3 month avg: 1,268,517 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, Adam and Adam reversal pattern from 11/24/2023 to 12/01/2023

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.

Cadence Design Systems Inc (CDNS)

Industry: Computer Software and Svcs

Industry RS rank: 11 out of 60

Stock RS rank: 185 out of 623

1/4/24 close: $255.92

1 Month avg volatility: $5.49. Volatility stop (for downward breakout): $270.54 or 5.7% above the close.

Change YTD: -6.04%

Volume: 1,082,100 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: Triple top reversal pattern from 11/30/2023 to 12/26/2023

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.

Church and Dwight Co Inc (CHD)

Industry: Household Products

Industry RS rank: 50 out of 60

Stock RS rank: 461 out of 623

1/4/24 close: $94.52

1 Month avg volatility: $1.51. Volatility stop (for upward breakout): $90.69 or 4.1% below the close.

Change YTD: -0.04%

Volume: 1,162,600 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 12/15/2023 to 12/21/2023

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.

Cleveland-Cliffs Inc (CLF)

Industry: Metals and Mining (Div.)

Industry RS rank: 32 out of 60

Stock RS rank: 108 out of 623

1/4/24 close: $19.10

1 Month avg volatility: $0.59. Volatility stop (for downward breakout): $20.79 or 8.9% above the close.

Change YTD: -6.46%

Volume: 8,772,000 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 12/18/2023 to 12/26/2023

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.

Crane Co (CR)

Industry: Diversified Co.

Industry RS rank: 34 out of 60

Stock RS rank: 34 out of 623

1/4/24 close: $115.42

1 Month avg volatility: $2.32. Volatility stop (for upward breakout): $109.85 or 4.8% below the close.

Change YTD: -2.30%

Volume: 312,400 shares. 3 month avg: 293,374 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 Adam reversal pattern from 11/29/2023 to 12/07/2023

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.

Eagle Materials Inc. (EXP)

Industry: Cement and Aggregates

Industry RS rank: 26 out of 60

Stock RS rank: 237 out of 623

1/4/24 close: $197.45

1 Month avg volatility: $3.57. Volatility stop (for downward breakout): $206.30 or 4.5% above the close.

Change YTD: -2.66%

Volume: 217,300 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: Double Top, Eve and Eve reversal pattern from 12/20/2023 to 12/26/2023

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.

EPAM Systems Inc (EPAM)

Industry: IT Services

Industry RS rank: 10 out of 60

Stock RS rank: 59 out of 623

1/4/24 close: $290.23

1 Month avg volatility: $7.00. Volatility stop (for downward breakout): $310.98 or 7.2% above the close.

Change YTD: -2.39%

Volume: 536,400 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 Top, Eve and Eve reversal pattern from 12/19/2023 to 12/28/2023

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.

Equifax Inc (EFX)

Industry: Information Services

Industry RS rank: 23 out of 60

Stock RS rank: 364 out of 623

1/4/24 close: $234.09

1 Month avg volatility: $5.08. Volatility stop (for downward breakout): $247.22 or 5.6% above the close.

Change YTD: -5.34%

Volume: 759,600 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: Double Top, Eve and Eve reversal pattern from 12/18/2023 to 12/28/2023

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.

F5 Networks, Inc. (FFIV)

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

Industry RS rank: 5 out of 60

Stock RS rank: 107 out of 623

1/4/24 close: $171.78

1 Month avg volatility: $2.54. Volatility stop (for downward breakout): $178.37 or 3.8% above the close.

Change YTD: -4.02%

Volume: 408,900 shares. 3 month avg: 847,706 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 Eve reversal pattern from 12/19/2023 to 12/26/2023

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.

Fidelity National Information Svcs (FIS)

Industry: Computer Software and Svcs

Industry RS rank: 11 out of 60

Stock RS rank: 362 out of 623

1/4/24 close: $60.57

1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $63.48 or 4.8% above the close.

Change YTD: 0.83%

Volume: 7,559,100 shares. 3 month avg: 1,473,917 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 12/27/2023 to 01/04/2024

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.

Flextronics International Ltd (FLEX)

Industry: Electronics

Industry RS rank: 47 out of 60

Stock RS rank: 560 out of 623

1/4/24 close: $23.18

1 Month avg volatility: $0.70. Volatility stop (for downward breakout): $25.31 or 9.2% above the close.

Change YTD: -23.90%

Volume: 7,632,900 shares. 3 month avg: 3,241,565 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: Dead-cat bounce continuation pattern from 01/03/2024 to 01/03/2024

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

Fortive Corp (FTV)

Industry: Industrial Services

Industry RS rank: 20 out of 60

Stock RS rank: 415 out of 623

1/4/24 close: $71.52

1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $74.34 or 3.9% above the close.

Change YTD: -2.87%

Volume: 1,800,700 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, Adam and Eve reversal pattern from 12/14/2023 to 12/27/2023

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.

Hecla Mining Co. (HL)

Industry: Metals and Mining (Div.)

Industry RS rank: 32 out of 60

Stock RS rank: 559 out of 623

1/4/24 close: $4.37

1 Month avg volatility: $0.18. Volatility stop (for downward breakout): $4.76 or 8.8% above the close.

Change YTD: -9.15%

Volume: 7,415,400 shares. 3 month avg: 4,539,271 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 12/01/2023 to 12/22/2023

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.

Interactive Brokers Group Inc (IBKR)

Industry: Securities Brokerage

Industry RS rank: 19 out of 60

Stock RS rank: 332 out of 623

1/4/24 close: $87.20

1 Month avg volatility: $1.75. Volatility stop (for upward breakout): $83.14 or 4.7% below the close.

Change YTD: 5.19%

Volume: 2,542,500 shares. 3 month avg: 658,995 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 11/29/2023 to 12/15/2023

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.

Jazz Pharmaceuticals, Inc. (JAZZ)

Industry: Biotechnology

Industry RS rank: 17 out of 60

Stock RS rank: 368 out of 623

1/4/24 close: $124.35

1 Month avg volatility: $2.84. Volatility stop (for upward breakout): $117.03 or 5.9% below the close.

Change YTD: 1.10%

Volume: 521,000 shares. 3 month avg: 454,337 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: Ugly double bottom reversal pattern from 11/28/2023 to 12/22/2023

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.

KLA-Tencor Corporation (KLAC)

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

Industry RS rank: 13 out of 60

Stock RS rank: 113 out of 623

1/4/24 close: $546.44

1 Month avg volatility: $11.65. Volatility stop (for downward breakout): $578.21 or 5.8% above the close.

Change YTD: -6.00%

Volume: 840,800 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: Double Top, Eve and Eve reversal pattern from 12/18/2023 to 12/28/2023

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.

Kohls Corporation (KSS)

Industry: Retail Store

Industry RS rank: 15 out of 60

Stock RS rank: 187 out of 623

1/4/24 close: $26.52

1 Month avg volatility: $1.19. Volatility stop (for downward breakout): $29.10 or 9.7% above the close.

Change YTD: -7.53%

Volume: 4,593,900 shares. 3 month avg: 5,587,366 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: Double Top, Adam and Eve reversal pattern from 12/14/2023 to 12/28/2023

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.

Kulicke and Soffa (KLIC)

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

Industry RS rank: 13 out of 60

Stock RS rank: 515 out of 623

1/4/24 close: $51.08

1 Month avg volatility: $1.17. Volatility stop (for downward breakout): $53.97 or 5.7% above the close.

Change YTD: -6.65%

Volume: 387,700 shares. 3 month avg: 518,337 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: Double Top, Adam and Eve reversal pattern from 12/15/2023 to 12/26/2023

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.

LSB Industries Inc (LXU)

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

Industry RS rank: 6 out of 60

Stock RS rank: 504 out of 623

1/4/24 close: $9.04

1 Month avg volatility: $0.27. Volatility stop (for downward breakout): $9.78 or 8.2% above the close.

Change YTD: -2.90%

Volume: 288,700 shares. 3 month avg: 278,209 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, Adam and Eve reversal pattern from 12/14/2023 to 12/26/2023

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.

Miller, Herman (MLKN)

Industry: Furn/Home Furnishings

Industry RS rank: 2 out of 60

Stock RS rank: 5 out of 623

1/4/24 close: $26.37

1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $28.56 or 8.3% above the close.

Change YTD: -1.16%

Volume: 600,000 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 12/11/2023 to 12/18/2023

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.

Novanta Inc (NOVT)

Industry: Precision Instrument

Industry RS rank: 38 out of 60

Stock RS rank: 534 out of 623

1/4/24 close: $155.23

1 Month avg volatility: $4.00. Volatility stop (for downward breakout): $164.95 or 6.3% above the close.

Change YTD: -7.83%

Volume: 131,400 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, Adam and Eve reversal pattern from 12/19/2023 to 12/27/2023

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.

Omnicell, Inc (OMCL)

Industry: Healthcare Information

Industry RS rank: 51 out of 60

Stock RS rank: 620 out of 623

1/4/24 close: $34.12

1 Month avg volatility: $1.56. Volatility stop (for downward breakout): $37.89 or 11.1% above the close.

Change YTD: -9.33%

Volume: 503,700 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: Double Top, Adam and Eve reversal pattern from 12/15/2023 to 12/22/2023

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.

ON Semiconductor Corp (ON)

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

Industry RS rank: 28 out of 60

Stock RS rank: 574 out of 623

1/4/24 close: $76.20

1 Month avg volatility: $2.33. Volatility stop (for downward breakout): $82.65 or 8.5% above the close.

Change YTD: -8.78%

Volume: 10,525,200 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: Double Top, Adam and Eve reversal pattern from 12/15/2023 to 12/27/2023

WARNING: A dead-cat bounce occurred on 10/30/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 01/29/2024 and a 38% chance by 04/29/2024.
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.

Paylocity Holdfing Corp (PCTY)

Industry: E-Commerce

Industry RS rank: 8 out of 60

Stock RS rank: 535 out of 623

1/4/24 close: $160.13

1 Month avg volatility: $4.42. Volatility stop (for downward breakout): $169.73 or 6.0% above the close.

Change YTD: -2.86%

Volume: 453,900 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 Adam reversal pattern from 12/14/2023 to 12/28/2023

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.

Paypal Holdings, Inc (PYPL)

Industry: Financial Services

Industry RS rank: 33 out of 60

Stock RS rank: 562 out of 623

1/4/24 close: $58.45

1 Month avg volatility: $1.65. Volatility stop (for upward breakout): $54.13 or 7.4% below the close.

Change YTD: -4.82%

Volume: 16,580,400 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: Triangle, symmetrical continuation pattern from 12/14/2023 to 12/28/2023

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.

Pfizer Inc. (PFE)

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

Industry RS rank: 12 out of 60

Stock RS rank: 583 out of 623

1/4/24 close: $29.09

1 Month avg volatility: $0.66. Volatility stop (for upward breakout): $27.71 or 4.8% below the close.

Change YTD: 1.04%

Volume: 44,376,800 shares. 3 month avg: 34,097,717 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 12/11/2023 to 12/18/2023

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.

PPG Industries Inc (PPG)

Industry: Chemical (Diversified)

Industry RS rank: 55 out of 60

Stock RS rank: 401 out of 623

1/4/24 close: $144.91

1 Month avg volatility: $1.91. Volatility stop (for downward breakout): $150.00 or 3.5% above the close.

Change YTD: -3.10%

Volume: 1,585,400 shares. 3 month avg: 1,342,054 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, Adam and Eve reversal pattern from 12/14/2023 to 12/28/2023

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.

Procter and Gamble Co (PG)

Industry: Household Products

Industry RS rank: 50 out of 60

Stock RS rank: 420 out of 623

1/4/24 close: $148.65

1 Month avg volatility: $1.98. Volatility stop (for upward breakout): $143.81 or 3.3% below the close.

Change YTD: 1.44%

Volume: 7,003,600 shares. 3 month avg: 7,163,346 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, Adam and Adam reversal pattern from 12/15/2023 to 12/21/2023

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.

Rambus Inc (RMBS)

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

Industry RS rank: 13 out of 60

Stock RS rank: 376 out of 623

1/4/24 close: $62.74

1 Month avg volatility: $2.38. Volatility stop (for downward breakout): $68.89 or 9.8% above the close.

Change YTD: -8.07%

Volume: 1,306,500 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: Double Top, Adam and Eve reversal pattern from 12/14/2023 to 12/26/2023

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

Robert Half International (RHI)

Industry: Human Resources

Industry RS rank: 45 out of 60

Stock RS rank: 234 out of 623

1/4/24 close: $83.10

1 Month avg volatility: $1.41. Volatility stop (for downward breakout): $86.98 or 4.7% above the close.

Change YTD: -5.48%

Volume: 1,029,800 shares. 3 month avg: 1,012,069 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 Eve reversal pattern from 12/20/2023 to 12/29/2023

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.

Rocky Brands Inc (RCKY)

Industry: Shoe

Industry RS rank: 18 out of 60

Stock RS rank: 42 out of 623

1/4/24 close: $27.08

1 Month avg volatility: $1.53. Volatility stop (for downward breakout): $30.57 or 12.9% above the close.

Change YTD: -10.27%

Volume: 61,300 shares. 3 month avg: 41,775 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 Friday.

Chart pattern: Double Top, Eve and Adam reversal pattern from 12/11/2023 to 12/26/2023

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.

Shopify Inc Cl A (SHOP)

Industry: E-Commerce

Industry RS rank: 8 out of 60

Stock RS rank: 148 out of 623

1/4/24 close: $73.42

1 Month avg volatility: $2.34. Volatility stop (for downward breakout): $78.71 or 7.2% above the close.

Change YTD: -5.75%

Volume: 11,749,100 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 Eve reversal pattern from 12/19/2023 to 12/29/2023

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.

Southwest Gas Corp. (SWX)

Industry: Natural Gas (Distributor)

Industry RS rank: 42 out of 60

Stock RS rank: 387 out of 623

1/4/24 close: $64.20

1 Month avg volatility: $1.26. Volatility stop (for upward breakout): $61.21 or 4.7% below the close.

Change YTD: 1.34%

Volume: 414,900 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: Triangle, symmetrical continuation pattern from 12/14/2023 to 01/04/2024

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.

Tempur-pedic Intl (TPX)

Industry: Furn/Home Furnishings

Industry RS rank: 2 out of 60

Stock RS rank: 85 out of 623

1/4/24 close: $47.92

1 Month avg volatility: $1.14. Volatility stop (for downward breakout): $50.80 or 6.0% above the close.

Change YTD: -5.98%

Volume: 1,083,800 shares. 3 month avg: 985,960 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, Adam and Eve reversal pattern from 12/15/2023 to 12/29/2023

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.

Texas Instruments Inc. (TXN)

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

Industry RS rank: 28 out of 60

Stock RS rank: 482 out of 623

1/4/24 close: $164.47

1 Month avg volatility: $2.90. Volatility stop (for downward breakout): $171.52 or 4.3% above the close.

Change YTD: -3.52%

Volume: 6,340,000 shares. 3 month avg: 4,332,837 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, Adam and Eve reversal pattern from 12/15/2023 to 12/28/2023

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.

Travelzoo Inc. (TZOO)

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

Industry RS rank: 5 out of 60

Stock RS rank: 114 out of 623

1/4/24 close: $9.49

1 Month avg volatility: $0.50. Volatility stop (for downward breakout): $10.55 or 11.1% above the close.

Change YTD: -0.42%

Volume: 77,600 shares. 3 month avg: 22,411 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 Tuesday.

Chart pattern: Big M reversal pattern from 12/04/2023 to 12/14/2023

Breakout is downward 100% of the time.
Average decline: 17%.
Break-even failure rate: 11%.
Pullbacks occur 63% of the time.
Price hits measure rule target 57% of the time.

Twilio Inc Cl A (TWLO)

Industry: E-Commerce

Industry RS rank: 8 out of 60

Stock RS rank: 307 out of 623

1/4/24 close: $68.49

1 Month avg volatility: $1.97. Volatility stop (for downward breakout): $73.15 or 6.8% above the close.

Change YTD: -9.73%

Volume: 1,916,500 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, Adam and Eve reversal pattern from 12/19/2023 to 12/28/2023

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.

Verisign (VRSN)

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

Industry RS rank: 5 out of 60

Stock RS rank: 524 out of 623

1/4/24 close: $198.48

1 Month avg volatility: $3.39. Volatility stop (for downward breakout): $208.60 or 5.1% above the close.

Change YTD: -3.63%

Volume: 445,700 shares. 3 month avg: 871,351 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, Adam and Adam reversal pattern from 12/04/2023 to 12/14/2023

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.

Vulcan Materials (VMC)

Industry: Cement and Aggregates

Industry RS rank: 26 out of 60

Stock RS rank: 381 out of 623

1/4/24 close: $220.68

1 Month avg volatility: $3.02. Volatility stop (for downward breakout): $227.90 or 3.3% above the close.

Change YTD: -2.79%

Volume: 849,000 shares. 3 month avg: 819,125 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, Adam and Eve reversal pattern from 12/15/2023 to 12/29/2023

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.

Watsco, Inc (WSO)

Industry: Retail Building Supply

Industry RS rank: 24 out of 60

Stock RS rank: 204 out of 623

1/4/24 close: $412.70

1 Month avg volatility: $7.86. Volatility stop (for downward breakout): $432.52 or 4.8% above the close.

Change YTD: -3.68%

Volume: 307,300 shares. 3 month avg: 222,320 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, Adam and Eve reversal pattern from 12/19/2023 to 12/29/2023

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.

Wolverine World Wide (WWW)

Industry: Shoe

Industry RS rank: 18 out of 60

Stock RS rank: 618 out of 623

1/4/24 close: $7.72

1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $8.72 or 13.0% above the close.

Change YTD: -13.16%

Volume: 1,359,800 shares. 3 month avg: 772,149 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 12/04/2023 to 12/26/2023

WARNING: A dead-cat bounce occurred on 08/10/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/08/2024.
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.

Zebra Technologies Corp (ZBRA)

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

Industry RS rank: 48 out of 60

Stock RS rank: 546 out of 623

1/4/24 close: $252.97

1 Month avg volatility: $7.00. Volatility stop (for downward breakout): $269.42 or 6.5% above the close.

Change YTD: -7.45%

Volume: 356,900 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: Double Top, Adam and Eve reversal pattern from 12/15/2023 to 12/27/2023

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

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