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

Copyright © 2024 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: Medical Services

Industry RS rank: 37 out of 60

Stock RS rank: 622 out of 622

1/18/24 close: $1.61

1 Month avg volatility: $0.33. Volatility stop (for downward breakout): $2.99 or 86.5% above the close.

Change YTD: -59.06%

Volume: 427,300 shares. 3 month avg: 533,922 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: Dead-cat bounce continuation pattern from 01/16/2024 to 01/16/2024

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 13 out of 60

Stock RS rank: 306 out of 622

1/18/24 close: $117.93

1 Month avg volatility: $1.81. Volatility stop (for downward breakout): $121.67 or 3.2% above the close.

Change YTD: -0.81%

Volume: 407,300 shares. 3 month avg: 353,085 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 Adam reversal pattern from 12/14/2023 to 01/05/2024

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.

Industry: Insurance (Diversified)

Industry RS rank: 29 out of 60

Stock RS rank: 435 out of 622

1/18/24 close: $307.28

1 Month avg volatility: $5.20. Volatility stop (for upward breakout): $289.88 or 5.7% below the close.

Change YTD: 5.59%

Volume: 1,488,500 shares. 3 month avg: 1,880,728 shares.

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

 

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 12/20/2023 to 01/05/2024

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.

Industry: Drug

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

Industry RS rank: 19 out of 60

Stock RS rank: 543 out of 622

1/18/24 close: $50.09

1 Month avg volatility: $1.02. Volatility stop (for downward breakout): $52.22 or 4.3% above the close.

Change YTD: -2.38%

Volume: 18,456,900 shares. 3 month avg: 5,378,746 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, Adam and Adam reversal pattern from 12/22/2023 to 01/02/2024

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.

Industry: Computer Software and Svcs

Industry RS rank: 15 out of 60

Stock RS rank: 100 out of 622

1/18/24 close: $279.01

1 Month avg volatility: $5.46. Volatility stop (for upward breakout): $264.36 or 5.3% below the close.

Change YTD: 2.44%

Volume: 1,291,800 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 bottom reversal pattern from 01/02/2024 to 01/08/2024

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Food Processing

Industry RS rank: 55 out of 60

Stock RS rank: 390 out of 622

1/18/24 close: $43.71

1 Month avg volatility: $0.72. Volatility stop (for upward breakout): $42.00 or 3.9% below the close.

Change YTD: 1.11%

Volume: 2,361,700 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: Triangle, symmetrical continuation pattern from 12/06/2023 to 01/18/2024

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.

Industry: Household Products

Industry RS rank: 41 out of 60

Stock RS rank: 311 out of 622

1/18/24 close: $97.83

1 Month avg volatility: $1.29. Volatility stop (for upward breakout): $94.94 or 3.0% below the close.

Change YTD: 3.46%

Volume: 1,262,000 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: Ugly double bottom reversal pattern from 11/03/2023 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.

Industry: Electric Utility (East)

Industry RS rank: 44 out of 60

Stock RS rank: 492 out of 622

1/18/24 close: $45.48

1 Month avg volatility: $0.97. Volatility stop (for downward breakout): $47.99 or 5.5% above the close.

Change YTD: -3.23%

Volume: 5,396,000 shares. 3 month avg: 2,249,422 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 top reversal pattern from 01/02/2024 to 01/08/2024

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 (Diversified)

Industry RS rank: 58 out of 60

Stock RS rank: 332 out of 622

1/18/24 close: $86.99

1 Month avg volatility: $1.25. Volatility stop (for downward breakout): $89.52 or 2.9% above the close.

Change YTD: -3.15%

Volume: 693,700 shares. 3 month avg: 1,209,300 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 12/26/2023

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.

Industry: Internet

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

Industry RS rank: 7 out of 60

Stock RS rank: 528 out of 622

1/18/24 close: $40.79

1 Month avg volatility: $0.85. Volatility stop (for downward breakout): $42.57 or 4.4% above the close.

Change YTD: -6.49%

Volume: 5,743,800 shares. 3 month avg: 8,868,903 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 12/19/2023 to 01/02/2024

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: Medical Services

Industry RS rank: 37 out of 60

Stock RS rank: 287 out of 622

1/18/24 close: $469.33

1 Month avg volatility: $7.55. Volatility stop (for downward breakout): $485.44 or 3.4% above the close.

Change YTD: -0.47%

Volume: 2,245,700 shares. 3 month avg: 1,162,854 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 12/13/2023 to 01/04/2024

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.

Industry: Food Processing

Industry RS rank: 55 out of 60

Stock RS rank: 387 out of 622

1/18/24 close: $25.15

1 Month avg volatility: $0.61. Volatility stop (for downward breakout): $26.54 or 5.5% above the close.

Change YTD: -4.19%

Volume: 199,900 shares. 3 month avg: 288,512 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 top reversal pattern from 01/02/2024 to 01/08/2024

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: Apparel

Industry RS rank: 5 out of 60

Stock RS rank: 2 out of 622

1/18/24 close: $18.53

1 Month avg volatility: $0.67. Volatility stop (for downward breakout): $21.07 or 13.7% above the close.

Change YTD: -11.38%

Volume: 13,223,600 shares. 3 month avg: 5,662,882 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: Triple top reversal pattern from 12/11/2023 to 01/09/2024

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: Apparel

Industry RS rank: 5 out of 60

Stock RS rank: 537 out of 622

1/18/24 close: $3.96

1 Month avg volatility: $0.17. Volatility stop (for downward breakout): $4.35 or 9.8% above the close.

Change YTD: -11.21%

Volume: 5,845,000 shares. 3 month avg: 6,164,918 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: Head-and-shoulders top reversal pattern from 12/14/2023 to 01/12/2024

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.

Industry: Telecom. Equipment

Industry RS rank: 24 out of 60

Stock RS rank: 570 out of 622

1/18/24 close: $11.84

1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $12.88 or 8.8% above the close.

Change YTD: -9.20%

Volume: 1,273,700 shares. 3 month avg: 585,235 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: Head-and-shoulders top reversal pattern from 12/21/2023 to 01/08/2024

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: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Medical Supplies

Industry RS rank: 54 out of 60

Stock RS rank: 423 out of 622

1/18/24 close: $74.25

1 Month avg volatility: $1.43. Volatility stop (for downward breakout): $77.12 or 3.9% above the close.

Change YTD: -1.93%

Volume: 852,500 shares. 3 month avg: 2,211,905 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 12/15/2023 to 01/09/2024

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.

Industry: Drug

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

Industry RS rank: 19 out of 60

Stock RS rank: 379 out of 622

1/18/24 close: $525.28

1 Month avg volatility: $11.36. Volatility stop (for downward breakout): $548.48 or 4.4% above the close.

Change YTD: -5.36%

Volume: 692,800 shares. 3 month avg: 512,494 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 12/14/2023 to 01/12/2024

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: Drug

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

Industry RS rank: 19 out of 60

Stock RS rank: 351 out of 622

1/18/24 close: $61.18

1 Month avg volatility: $1.64. Volatility stop (for downward breakout): $64.83 or 6.0% above the close.

Change YTD: -2.56%

Volume: 1,138,800 shares. 3 month avg: 1,771,434 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: Pipe top reversal pattern from 01/02/2024 to 01/08/2024

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: 22 out of 60

Stock RS rank: 247 out of 622

1/18/24 close: $205.73

1 Month avg volatility: $2.99. Volatility stop (for downward breakout): $212.04 or 3.1% above the close.

Change YTD: -2.32%

Volume: 675,600 shares. 3 month avg: 1,243,274 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 12/20/2023 to 01/02/2024

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Furn/Home Furnishings

Industry RS rank: 1 out of 60

Stock RS rank: 156 out of 622

1/18/24 close: $34.48

1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $36.39 or 5.5% above the close.

Change YTD: -6.61%

Volume: 323,300 shares. 3 month avg: 437,505 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: Head-and-shoulders top reversal pattern from 12/04/2023 to 01/10/2024

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.

Industry: Food Processing

Industry RS rank: 55 out of 60

Stock RS rank: 464 out of 622

1/18/24 close: $173.24

1 Month avg volatility: $3.19. Volatility stop (for upward breakout): $162.94 or 6.0% below the close.

Change YTD: 4.12%

Volume: 114,200 shares. 3 month avg: 112,417 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 Bottom, Eve and Eve reversal pattern from 12/21/2023 to 01/05/2024

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: IT Services

Industry RS rank: 6 out of 60

Stock RS rank: 234 out of 622

1/18/24 close: $217.57

1 Month avg volatility: $4.31. Volatility stop (for upward breakout): $206.90 or 4.9% below the close.

Change YTD: 1.04%

Volume: 295,100 shares. 3 month avg: 726,191 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 01/08/2024 to 01/08/2024

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Chemical (Diversified)

Industry RS rank: 58 out of 60

Stock RS rank: 517 out of 622

1/18/24 close: $32.12

1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $34.01 or 5.9% above the close.

Change YTD: -10.10%

Volume: 6,600,300 shares. 3 month avg: 3,876,172 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 11/16/2023 to 01/03/2024

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.

Industry: Household Products

Industry RS rank: 41 out of 60

Stock RS rank: 549 out of 622

1/18/24 close: $8.03

1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $8.81 or 9.7% above the close.

Change YTD: -7.49%

Volume: 3,173,000 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 Top, Adam and Eve reversal pattern from 12/14/2023 to 01/09/2024

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.

Industry: Electric Utility (Central)

Industry RS rank: 53 out of 60

Stock RS rank: 433 out of 622

1/18/24 close: $25.65

1 Month avg volatility: $0.42. Volatility stop (for downward breakout): $26.71 or 4.2% above the close.

Change YTD: -3.39%

Volume: 4,339,400 shares. 3 month avg: 3,688,512 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, Adam and Adam reversal pattern from 12/14/2023 to 01/10/2024

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.

Industry: Advertising

Industry RS rank: 52 out of 60

Stock RS rank: 545 out of 622

1/18/24 close: $13.09

1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $14.22 or 8.7% above the close.

Change YTD: -6.23%

Volume: 1,900,700 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 12/27/2023 to 01/12/2024

WARNING: A dead-cat bounce occurred on 08/04/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 02/02/2024.

Breakout is downward 100% of the time.

Average decline: 15%.

Break-even failure rate: 13%.

Pullbacks occur 64% of the time.

Price hits measure rule target 72% of the time.

Industry: Electric Utility (West)

Industry RS rank: 56 out of 60

Stock RS rank: 392 out of 622

1/18/24 close: $16.88

1 Month avg volatility: $0.31. Volatility stop (for downward breakout): $17.70 or 4.9% above the close.

Change YTD: -6.38%

Volume: 17,595,400 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: Head-and-shoulders complex top reversal pattern from 11/20/2023 to 01/10/2024

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: Electric Utility (West)

Industry RS rank: 56 out of 60

Stock RS rank: 522 out of 622

1/18/24 close: $69.29

1 Month avg volatility: $1.28. Volatility stop (for downward breakout): $73.02 or 5.4% above the close.

Change YTD: -3.55%

Volume: 1,904,000 shares. 3 month avg: 750,734 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 01/02/2024 to 01/08/2024

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: Electric Utility (West)

Industry RS rank: 56 out of 60

Stock RS rank: 498 out of 622

1/18/24 close: $40.56

1 Month avg volatility: $0.74. Volatility stop (for downward breakout): $42.08 or 3.8% above the close.

Change YTD: -6.41%

Volume: 1,081,900 shares. 3 month avg: 771,474 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, Adam and Eve reversal pattern from 12/14/2023 to 01/05/2024

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.

Industry: Healthcare Information

Industry RS rank: 42 out of 60

Stock RS rank: 555 out of 622

1/18/24 close: $22.09

1 Month avg volatility: $0.48. Volatility stop (for downward breakout): $23.08 or 4.5% above the close.

Change YTD: -1.21%

Volume: 730,000 shares. 3 month avg: 544,129 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 12/22/2023 to 01/08/2024

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: Medical Services

Industry RS rank: 37 out of 60

Stock RS rank: 417 out of 622

1/18/24 close: $134.23

1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $139.17 or 3.7% above the close.

Change YTD: -2.65%

Volume: 701,300 shares. 3 month avg: 1,490,418 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: Pipe top reversal pattern from 01/02/2024 to 01/08/2024

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: Insurance (Prop/Casualty)

Industry RS rank: 13 out of 60

Stock RS rank: 237 out of 622

1/18/24 close: $141.20

1 Month avg volatility: $2.05. Volatility stop (for upward breakout): $134.95 or 4.4% below the close.

Change YTD: 6.07%

Volume: 273,300 shares. 3 month avg: 149,782 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 12/15/2023 to 01/09/2024

Breakout is upward 100% of the time.

Average rise: 34%.

Break-even failure rate: 8%.

Throwbacks occur 59% of the time.

Price hits measure rule target 76% of the time.

Industry: Trucking/Transp. Leasing

Industry RS rank: 33 out of 60

Stock RS rank: 66 out of 622

1/18/24 close: $111.62

1 Month avg volatility: $1.87. Volatility stop (for downward breakout): $115.40 or 3.4% above the close.

Change YTD: -2.99%

Volume: 151,500 shares.

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

 

Chart pattern: Pipe 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.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 13 out of 60

Stock RS rank: 209 out of 622

1/18/24 close: $104.76

1 Month avg volatility: $1.56. Volatility stop (for upward breakout): $99.67 or 4.9% below the close.

Change YTD: 5.31%

Volume: 245,200 shares. 3 month avg: 158,554 shares.

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

 

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 12/21/2023 to 01/09/2024

Breakout is upward 100% of the time.

Average rise: 35%.

Break-even failure rate: 5%.

Throwbacks occur 64% of the time.

Price hits measure rule target 66% of the time.

Industry: Semiconductor

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

Industry RS rank: 20 out of 60

Stock RS rank: 455 out of 622

1/18/24 close: $166.91

1 Month avg volatility: $2.80. Volatility stop (for downward breakout): $172.98 or 3.6% above the close.

Change YTD: -2.08%

Volume: 6,582,800 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: Head-and-shoulders top reversal pattern from 12/15/2023 to 01/09/2024

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.

Industry: Healthcare Information

Industry RS rank: 42 out of 60

Stock RS rank: 317 out of 622

1/18/24 close: $204.50

1 Month avg volatility: $4.29. Volatility stop (for upward breakout): $192.15 or 6.0% below the close.

Change YTD: 6.22%

Volume: 795,300 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 11/06/2023 to 11/13/2023

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

Industry: Metals and Mining (Div.)

Industry RS rank: 39 out of 60

Stock RS rank: 248 out of 622

1/18/24 close: $46.36

1 Month avg volatility: $1.05. Volatility stop (for downward breakout): $48.61 or 4.9% above the close.

Change YTD: -6.04%

Volume: 1,406,700 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: Head-and-shoulders top reversal pattern from 12/01/2023 to 01/12/2024

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.

Industry: IT Services

Industry RS rank: 6 out of 60

Stock RS rank: 166 out of 622

1/18/24 close: $195.66

1 Month avg volatility: $2.17. Volatility stop (for upward breakout): $189.26 or 3.3% below the close.

Change YTD: 1.65%

Volume: 9,449,200 shares. 3 month avg: 9,531,718 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 01/02/2024 to 01/08/2024

Breakout is upward 100% of the time.

Average rise: 45%.

Break-even failure rate: 5%.

Throwbacks occur 44% of the time.

Price hits measure rule target 83% of the time.

 

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