As of 05/23/2024
  Indus: 39,065 -605.78 -1.5%  
  Trans: 15,009 -185.73 -1.2%  
  Utils: 924 -20.84 -2.2%  
  Nasdaq: 16,736 -65.51 -0.4%  
  S&P 500: 5,268 -39.17 -0.7%  
YTD
 +3.7%  
-5.6%  
 +4.8%  
 +11.5%  
 +10.4%  
  Targets    Overview: 05/13/2024  
  Up arrow41,000 or 38,500 by 06/01/2024
  Up arrow16,050 or 15,300 by 06/01/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow17,250 or 15,850 by 06/01/2024
  Up arrow5,500 or 5,100 by 06/01/2024
As of 05/23/2024
  Indus: 39,065 -605.78 -1.5%  
  Trans: 15,009 -185.73 -1.2%  
  Utils: 924 -20.84 -2.2%  
  Nasdaq: 16,736 -65.51 -0.4%  
  S&P 500: 5,268 -39.17 -0.7%  
YTD
 +3.7%  
-5.6%  
 +4.8%  
 +11.5%  
 +10.4%  
  Targets    Overview: 05/13/2024  
  Up arrow41,000 or 38,500 by 06/01/2024
  Up arrow16,050 or 15,300 by 06/01/2024
  Up arrow960 or 900 by 06/01/2024
  Up arrow17,250 or 15,850 by 06/01/2024
  Up arrow5,500 or 5,100 by 06/01/2024

Bulkowski's Retrace Setup

My book, Swing and Day TradingSwing and Day Trading: Evolution of a Trader book., has other trading setups geared toward swing and day traders. I show a picture of the book on the left.

If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.

-- Tom Bulkowski

$ $ $

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.

Retrace Setup Definitions

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

Retrace Setups

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 5/23/24.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
3M Company (MMM)  5/8/24   5/20/24  5/23/24 $98.91 $99.51 $0.60 0.6% 65% $98.65 -0.9%
Alaska Air Group, Inc (ALK)  4/16/24   4/22/24  5/1/24 $42.11 $42.35 $0.24 0.6% 66% $42.07 -0.7%
Aon Corp (AON)  4/26/24   5/10/24  5/23/24 $278.79 $279.30 $0.51 0.2% 59% $276.72 -0.9%
Archer-Daniels-Midland Co (ADM)  4/30/24   5/13/24  5/15/24 $59.79 $60.72 $0.93 1.6% 62% $59.45 -2.1%
Build-A-Bear Workshop Inc (BBW)  5/8/24   5/17/24  5/23/24 $29.01 $29.39 $0.38 1.3% 65% $28.94 -1.5%
Hawaiian Electric Industries, Inc. (HE)  5/8/24   5/17/24  5/23/24 $10.62 $10.68 $0.06 0.6% 58% $10.43 -2.4%
Insperity (NSP)  5/1/24   5/13/24  5/23/24 $102.01 $103.31 $1.30 1.3% 61% $101.58 -1.7%
Kforce Inc (KFRC)  4/30/24   5/16/24  5/23/24 $60.84 $61.61 $0.77 1.3% 63% $60.53 -1.8%
MACOM Technology Solutions Holdings (MTSI)  5/2/24   5/6/24  5/17/24 $99.74 $101.43 $1.69 1.7% 62% $99.20 -2.2%
Magnolia Oil and Gas Corp (MGY)  5/8/24   5/10/24  5/23/24 $24.60 $24.70 $0.10 0.4% 61% $24.42 -1.1%
MGE Energy Inc (MGEE)  4/25/24   5/21/24  5/23/24 $77.90 $78.33 $0.43 0.5% 58% $77.17 -1.5%
Mueller Industries Inc. (MLI)  5/2/24   5/15/24  5/20/24 $57.19 $58.26 $1.07 1.9% 67% $57.17 -1.9%
New Jersey Resources Corp (NJR)  4/16/24   5/6/24  5/23/24 $42.36 $42.46 $0.10 0.2% 61% $42.10 -0.8%
Ross Stores (ROST)  5/2/24   5/13/24  5/23/24 $130.45 $131.86 $1.41 1.1% 65% $130.28 -1.2%
Teleflex Inc (TFX)  5/8/24   5/15/24  5/23/24 $205.83 $206.54 $0.71 0.3% 65% $205.34 -0.6%
iShares Latin America 40 Index fund (ILF)  4/18/24   5/10/24  5/23/24 $27.52 $27.56 $0.04 0.1% 58% $27.31 -0.9%
MSCI Mexico Investable Mkt idx (EWW)  4/19/24   5/15/24  5/23/24 $66.36 $66.48 $0.12 0.2% 58% $65.90 -0.9%
MSCI Thailand Invest Mkt Index (THD)  4/19/24   5/17/24  5/23/24 $58.14 $58.24 $0.10 0.2% 58% $57.74 -0.9%

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