As of 09/17/2024
Indus: 41,606 -15.90 0.0%
Trans: 16,014 +171.47 +1.1%
Utils: 1,059 -1.68 -0.2%
Nasdaq: 17,628 +35.93 +0.2%
S&P 500: 5,635 +1.49 +0.0%
|
YTD
+10.4%
+0.7%
+20.1%
+17.4%
+18.1%
|
42,000 or 40,100 by 10/01/2024
16,200 or 15,300 by 10/01/2024
1,100 or 1,000 by 10/01/2024
18,400 or 16,650 by 10/01/2024
5,750 or 5,400 by 10/01/2024
|
As of 09/17/2024
Indus: 41,606 -15.90 0.0%
Trans: 16,014 +171.47 +1.1%
Utils: 1,059 -1.68 -0.2%
Nasdaq: 17,628 +35.93 +0.2%
S&P 500: 5,635 +1.49 +0.0%
|
YTD
+10.4%
+0.7%
+20.1%
+17.4%
+18.1%
| |
42,000 or 40,100 by 10/01/2024
16,200 or 15,300 by 10/01/2024
1,100 or 1,000 by 10/01/2024
18,400 or 16,650 by 10/01/2024
5,750 or 5,400 by 10/01/2024
| ||
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The following table show securities (stocks, exchange traded funds, indices) that have retraced a portion of the prior up trend.
To create this list, my computer found the most recent three major turns in which price climbed and then retraced. The retrace is between 57% and 67% of the first two turns, bracketing the 62% Fibonacci retrace number.
The table shows the Bottom, Peak, Bottom, which are the three turns.The Last Close is the most recent closing price as of the day the list was created.Diff is the difference between the last close and the most recent bottom.Suggested Stop is placed at 67% below the Top. Research says that this stop should only trigger a third of the time, allowing two thirds of trades to work. In real trading, though, anything could happen, so set a stop where you feel is best.
All of this is just guidance and I do not offer any type of guarantee that this setup will work. If and how you trade this is entirely up to you.
For more information on the setup, click See Also
-- Thomas Bulkowski
If none appear, then no setups were found in the 600+ securities I reviewed.
This is a list of stocks, ETFs and indices with a 57% to 67% retrace of the most recent advance, as of 9/12/24.
Security | Bottom | Peak | Bottom | Last Close | Diff | Retrace | Suggested Stop |
---|---|---|---|---|---|---|---|
Allegiant Travel Company (ALGT) | 8/12/24 | 8/26/24 | 9/10/24 $39.10 | $41.87 | $2.77 7.1% | 67% | $39.09 -6.6% |
Amgen Inc. (AMGN) | 8/7/24 | 8/30/24 | 9/6/24 $319.00 | $330.06 | $11.06 3.5% | 57% | $316.18 -4.2% |
CACI International (CACI) | 8/5/24 | 9/3/24 | 9/11/24 $456.98 | $471.58 | $14.60 3.2% | 60% | $453.46 -3.8% |
Ciena Corp (CIEN) | 8/5/24 | 9/4/24 | 9/6/24 $50.67 | $54.53 | $3.86 7.6% | 60% | $49.63 -9.0% |
CNA Financial Corp (CNA) | 8/5/24 | 9/3/24 | 9/12/24 $49.11 | $49.96 | $0.85 1.7% | 66% | $49.08 -1.8% |
Cognex (CGNX) | 8/5/24 | 8/30/24 | 9/11/24 $37.42 | $38.30 | $0.88 2.4% | 61% | $37.08 -3.2% |
DJ 20 Transportation (^DJT) | 8/5/24 | 8/26/24 | 9/11/24 $15,227.47 | $15,638.48 | $411.01 2.7% | 66% | $15,221.26 -2.7% |
EZCorp Inc (EZPW) | 7/22/24 | 8/30/24 | 9/11/24 $10.81 | $10.97 | $0.16 1.4% | 61% | $10.68 -2.7% |
General Electric Co (GE) | 8/5/24 | 8/29/24 | 9/6/24 $160.59 | $169.70 | $9.11 5.7% | 60% | $158.70 -6.5% |
Huntsman Corporation (HUN) | 8/13/24 | 8/26/24 | 9/11/24 $20.76 | $21.63 | $0.87 4.2% | 65% | $20.72 -4.2% |
IDEXX Laboratories, Inc (IDXX) | 8/5/24 | 8/20/24 | 9/5/24 $465.53 | $497.04 | $31.51 6.8% | 66% | $465.20 -6.4% |
Kelly Services A (KELYA) | 8/12/24 | 8/29/24 | 9/9/24 $19.79 | $20.65 | $0.86 4.3% | 64% | $19.73 -4.4% |
LPL Financial Holdings (LPLA) | 8/6/24 | 8/27/24 | 9/11/24 $204.41 | $206.98 | $2.57 1.3% | 58% | $200.68 -3.0% |
Masco Corp. (MAS) | 8/7/24 | 8/26/24 | 9/11/24 $76.06 | $78.92 | $2.86 3.8% | 58% | $75.14 -4.8% |
Nasdaq Composite (^IXIC) | 8/5/24 | 8/22/24 | 9/6/24 $16,668.57 | $17,569.68 | $901.11 5.4% | 58% | $16,470.56 -6.3% |
Nike Inc (NKE) | 8/5/24 | 8/28/24 | 9/11/24 $76.74 | $78.40 | $1.66 2.2% | 59% | $75.59 -3.6% |
Northwest Pipe Co (NWPX) | 8/5/24 | 8/26/24 | 9/11/24 $39.95 | $41.69 | $1.74 4.4% | 61% | $39.29 -5.8% |
Novanta Inc (NOVT) | 8/2/24 | 8/26/24 | 9/11/24 $163.58 | $168.41 | $4.83 3.0% | 59% | $160.54 -4.7% |
Patrick Industries Inc (PATK) | 8/5/24 | 8/26/24 | 9/6/24 $122.06 | $131.47 | $9.42 7.7% | 57% | $119.94 -8.8% |
Plexus Corp (PLXS) | 8/5/24 | 8/29/24 | 9/11/24 $117.99 | $124.23 | $6.24 5.3% | 62% | $117.02 -5.8% |
Portland General Electric Co. (POR) | 8/9/24 | 9/5/24 | 9/12/24 $47.31 | $47.53 | $0.22 0.5% | 58% | $47.00 -1.1% |
PPG Industries Inc (PPG) | 8/7/24 | 8/30/24 | 9/11/24 $122.76 | $125.49 | $2.73 2.2% | 62% | $122.15 -2.7% |
Prudential Financial Inc (PRU) | 8/5/24 | 9/4/24 | 9/11/24 $111.55 | $115.84 | $4.29 3.8% | 60% | $110.25 -4.8% |
Pulte Homes Inc. (PHM) | 8/5/24 | 8/26/24 | 9/4/24 $125.34 | $135.30 | $9.96 7.9% | 62% | $124.40 -8.1% |
Raytheon Technologies Corp (RTX) | 8/7/24 | 8/30/24 | 9/11/24 $117.35 | $120.10 | $2.75 2.3% | 63% | $116.94 -2.6% |
Regeneron Pharmaceuticals (REGN) | 8/1/24 | 8/27/24 | 9/11/24 $1,113.24 | $1,164.46 | $51.22 4.6% | 58% | $1,097.74 -5.7% |
Rollins Inc (ROL) | 8/8/24 | 9/3/24 | 9/11/24 $48.66 | $50.15 | $1.49 3.1% | 59% | $48.32 -3.6% |
Target (TGT) | 8/5/24 | 8/21/24 | 9/11/24 $144.67 | $148.44 | $3.77 2.6% | 65% | $143.96 -3.0% |
Teradyne Inc. (TER) | 8/5/24 | 8/29/24 | 9/6/24 $119.81 | $128.19 | $8.38 7.0% | 63% | $118.70 -7.4% |
Teva Pharmaceutical Industries (TEVA) | 8/5/24 | 9/4/24 | 9/10/24 $17.01 | $18.01 | $1.00 5.9% | 63% | $16.89 -6.2% |
Texas Instruments Inc. (TXN) | 8/5/24 | 8/30/24 | 9/12/24 $194.67 | $195.98 | $1.31 0.7% | 58% | $191.48 -2.3% |
Verisign (VRSN) | 8/14/24 | 9/3/24 | 9/11/24 $177.91 | $179.97 | $2.06 1.2% | 63% | $177.38 -1.4% |
WillScot Mobile Mini Holdings Corp (WSC) | 8/7/24 | 8/26/24 | 9/9/24 $36.18 | $39.25 | $3.07 8.5% | 58% | $35.53 -9.5% |
Fidelity MSCI Infomation Technology Indx (FTEC) | 8/5/24 | 8/22/24 | 9/6/24 $157.83 | $168.23 | $10.40 6.6% | 60% | $156.02 -7.3% |
First Trust NASDAQ 100 Tech Sector ETF (QTEC) | 8/5/24 | 8/22/24 | 9/6/24 $175.39 | $183.86 | $8.47 4.8% | 63% | $174.12 -5.3% |
First Trust Tech Alphadex Fund (FXL) | 8/5/24 | 8/22/24 | 9/6/24 $126.54 | $131.88 | $5.34 4.2% | 59% | $125.00 -5.2% |
Global X Robotics and Artificial Intell (BOTZ) | 8/5/24 | 8/23/24 | 9/6/24 $28.83 | $30.45 | $1.63 5.6% | 58% | $28.35 -6.9% |
Invesco QQQ -- Nasdaq 100 (QQQ) | 8/5/24 | 8/22/24 | 9/6/24 $448.19 | $473.22 | $25.03 5.6% | 60% | $443.94 -6.2% |
iShares DJ US Healthcare Provider (IHF) | 8/7/24 | 9/3/24 | 9/11/24 $56.25 | $57.54 | $1.29 2.3% | 60% | $55.93 -2.8% |
iShares DJ US Regional Banks (IAT) | 8/5/24 | 9/3/24 | 9/11/24 $44.82 | $45.90 | $1.08 2.4% | 64% | $44.64 -2.8% |
iShares Global Materials fund (MXI) | 8/5/24 | 8/26/24 | 9/6/24 $84.05 | $86.93 | $2.88 3.4% | 63% | $83.76 -3.6% |
iShares Global Tech Sector Index fund (IXN) | 8/5/24 | 8/22/24 | 9/6/24 $74.83 | $80.33 | $5.50 7.3% | 64% | $74.35 -7.4% |
iShares US Home construction ETF (ITB) | 8/5/24 | 8/26/24 | 9/11/24 $114.78 | $120.38 | $5.60 4.9% | 62% | $114.04 -5.3% |
MSCI Austria Investable Mkt Index (EWO) | 8/5/24 | 8/27/24 | 9/11/24 $22.11 | $22.34 | $0.23 1.0% | 61% | $21.98 -1.6% |
MSCI Switzerland Index (EWL) | 8/6/24 | 8/29/24 | 9/11/24 $50.40 | $51.07 | $0.67 1.3% | 58% | $50.01 -2.1% |
Nasdaq 100 long 2x Ultra QQQ ProShares (QLD) | 8/5/24 | 8/22/24 | 9/6/24 $85.20 | $94.87 | $9.67 11.3% | 65% | $84.62 -10.8% |
Nasdaq Biotechnology Index (IBB) | 8/5/24 | 8/29/24 | 9/6/24 $141.80 | $145.56 | $3.76 2.7% | 67% | $141.75 -2.6% |
PowerShares DB Agriculture (DBA) | 8/14/24 | 8/28/24 | 9/6/24 $24.19 | $24.95 | $0.76 3.1% | 59% | $24.06 -3.6% |
Robo Global Robotics and Automation (ROBO) | 8/5/24 | 8/23/24 | 9/6/24 $51.58 | $53.61 | $2.03 3.9% | 63% | $51.36 -4.2% |
SPDR Homebuilders ETF (XHB) | 8/5/24 | 8/26/24 | 9/11/24 $109.78 | $115.71 | $5.93 5.4% | 65% | $109.50 -5.4% |
SPDR Technology Select Sector (XLK) | 8/5/24 | 8/22/24 | 9/6/24 $202.98 | $219.34 | $16.36 8.1% | 67% | $202.83 -7.5% |
Vanguard Industrials ETF (VIS) | 8/5/24 | 8/30/24 | 9/11/24 $238.88 | $247.36 | $8.48 3.5% | 58% | $236.61 -4.3% |
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