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Thomas Bulkowski’s successful investment activities allowed him to retire at age 36. He is an internationally known author and trader with 30+ years of stock market experience and widely regarded as a leading expert on chart patterns. He may be reached at

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Busted
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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 04/28/2016
17,831 -210.79 -1.2%
7,966 -125.30 -1.5%
651 -2.42 -0.4%
4,805 -57.85 -1.2%
2,076 -19.34 -0.9%
YTD
2.3%
6.1%
12.6%
-4.0%
1.6%
Tom's Targets    Overview: 04/14/2016
18,400 or 17,350 by 05/01/2016
8,350 or 7,500 by 05/01/2016
675 or 635 by 05/15/2016
4,700 or 5,000 by 05/15/2016
2,120 or 2,020 by 05/01/2016
Mutt Losers: None YTD
Wilder RSI: 21.7%

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Friday 4/29/16. Pattern Trading Setups for the Weekend.

Go to Table.

You can find setups based on a Fibonacci retrace by clicking on the link.

Click the link for a list of symbols from the table.

The following patterns were found manually, so the results may differ from those found using Patternz.

There were 18 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 641 stocks searched, or 2.8%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

I found 3 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move (I see many of them just before a bear market ends or during a bear market rally. Often it means the first bottom of a double bottom has formed. Thus, expect a move down to the second bottom).

Excluding ETFs, there were 13 bullish chart patterns this week and 6 bearish ones with any remaining (2) being undecided. The ratio of bullish to bearish patterns suggests the market is hinting of a coming bullish (up) turn.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

More...

-- Thomas Bulkowski

 

Symbol Chart Pattern Bullish
Bearish
Start End Industry
ACNTriangle, symmetrical      04/01/201604/28/2016IT Services
AMDFlag, high and tight      02/24/201604/22/2016Semiconductor
ATWTriangle, symmetrical      01/05/201604/28/2016Petroleum (Producing)
BMSDouble Top, Adam and Adam      03/17/201604/27/2016Packaging and Container
CEBBroadening top, right-angled and ascending      03/21/201604/26/2016Information Services
CNCPipe bottom      04/11/201604/18/2016Medical Services
XRAYTriangle, symmetrical      03/24/201604/28/2016Medical Supplies
EIGITriangle, symmetrical      03/04/201604/28/2016E-Commerce
FLIRTriple top      03/23/201604/25/2016Aerospace/Defense
FDPRectangle top      03/07/201604/26/2016Food Processing
HEDiamond top      03/21/201604/28/2016Electric Utility (West)
HDHead-and-shoulders top      04/04/201604/27/2016Retail Building Supply
HURCTriangle, ascending      03/31/201604/27/2016Machinery
INFNDead-cat bounce      04/28/201604/28/2016Telecom. Equipment
IVCDead-cat bounce      04/28/201604/28/2016Medical Supplies
LZBTriangle, symmetrical      03/24/201604/28/2016Furn/Home Furnishings
MYLTriple top      03/10/201604/22/2016Drug
NOVPipe bottom      04/11/201604/18/2016Oilfield Svcs/Equipment
PANWPipe bottom      04/11/201604/18/2016Computer Software and Svcs
SERectangle top      03/01/201604/22/2016Oilfield Svcs/Equipment
TJXTriangle, symmetrical      03/31/201604/28/2016Retail Store

 

Weekly screen for chart patterns ending between 04/21/2016 and 04/28/2016. 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, Second Edition.
 
Accenture plc (ACN)
Industry: IT Services
Industry RS rank: 30 out of 56
Stock RS rank: 240 out of 633
4/28/16 close: $114.33
1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $111.14 or 2.8% below the close.
Change YTD: 9.41%
Volume: 2,028,200 shares. 3 month avg: 3,107,045 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, symmetrical continuation pattern from 04/01/2016 to 04/28/2016
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.

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Advanced Micro Devices, Inc (AMD)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 34 out of 56
Stock RS rank: 5 out of 633
4/28/16 close: $3.61
1 Month avg volatility: $0.18. Volatility stop (for upward breakout): $3.25 or 10.1% below the close.
Change YTD: 25.78%
Volume: 20,221,200 shares. 3 month avg: 15,668,492 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: Flag, high and tight continuation pattern from 02/24/2016 to 04/22/2016
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

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Atwood Oceanics Inc. (ATW)
Industry: Petroleum (Producing)
Industry RS rank: 25 out of 56
Stock RS rank: 615 out of 633
4/28/16 close: $9.77
1 Month avg volatility: $0.69. Volatility stop (for upward breakout): $7.73 or 20.9% below the close.
Change YTD: -4.50%
Volume: 5,449,300 shares. 3 month avg: 4,849,846 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 01/05/2016 to 04/28/2016
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.

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Bemis Co Inc (BMS)
Industry: Packaging and Container
Industry RS rank: 14 out of 56
Stock RS rank: 140 out of 633
4/28/16 close: $50.19
1 Month avg volatility: $0.87. Volatility stop (for downward breakout): $52.84 or 5.3% above the close.
Change YTD: 12.31%
Volume: 2,436,700 shares. 3 month avg: 853,498 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 03/17/2016 to 04/27/2016
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.

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CEB Inc (CEB)
Industry: Information Services
Industry RS rank: 55 out of 56
Stock RS rank: 554 out of 633
4/28/16 close: $63.37
1 Month avg volatility: $1.51. Volatility stop (for downward breakout): $67.37 or 6.3% above the close.
Change YTD: 3.23%
Volume: 306,000 shares. 3 month avg: 255,071 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: Broadening top, right-angled and ascending reversal pattern from 03/21/2016 to 04/26/2016
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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Centene Corp (CNC)
Industry: Medical Services
Industry RS rank: 19 out of 56
Stock RS rank: 241 out of 633
4/28/16 close: $63.62
1 Month avg volatility: $1.71. Volatility stop (for upward breakout): $60.08 or 5.6% below the close.
Change YTD: -3.33%
Volume: 2,710,400 shares. 3 month avg: 3,076,995 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 04/11/2016 to 04/18/2016
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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Dentsply International, Inc. (XRAY)
Industry: Medical Supplies
Industry RS rank: 4 out of 56
Stock RS rank: 292 out of 633
4/28/16 close: $60.33
1 Month avg volatility: $0.88. Volatility stop (for upward breakout): $58.36 or 3.3% below the close.
Change YTD: -0.85%
Volume: 997,200 shares. 3 month avg: 2,124,723 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: Triangle, symmetrical continuation pattern from 03/24/2016 to 04/28/2016
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.

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Endurance International Group Holdings (EIGI)
Industry: E-Commerce
Industry RS rank: 39 out of 56
Stock RS rank: 576 out of 633
4/28/16 close: $11.10
1 Month avg volatility: $0.46. Volatility stop (for upward breakout): $9.82 or 11.6% below the close.
Change YTD: 1.56%
Volume: 371,800 shares. 3 month avg: 496,652 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 03/04/2016 to 04/28/2016
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.

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Flir Systems Inc (FLIR)
Industry: Aerospace/Defense
Industry RS rank: 22 out of 56
Stock RS rank: 66 out of 633
4/28/16 close: $30.75
1 Month avg volatility: $0.78. Volatility stop (for downward breakout): $32.69 or 6.3% above the close.
Change YTD: 9.55%
Volume: 1,101,000 shares. 3 month avg: 1,021,435 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 03/23/2016 to 04/25/2016
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.

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Fresh Del Monte Produce (FDP)
Industry: Food Processing
Industry RS rank: 24 out of 56
Stock RS rank: 361 out of 633
4/28/16 close: $43.78
1 Month avg volatility: $0.61. Volatility stop (for upward breakout): $41.66 or 4.8% below the close.
Change YTD: 12.60%
Volume: 159,000 shares. 3 month avg: 176,178 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: Rectangle top continuation pattern from 03/07/2016 to 04/26/2016
Breakout is upward 68% of the time.
Average rise: 39%.
Break-even failure rate: 9%.
Throwbacks occur 64% of the time.
Price hits measure rule target 80% of the time.

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Hawaiian Electric Industries, Inc. (HE)
Industry: Electric Utility (West)
Industry RS rank: 5 out of 56
Stock RS rank: 139 out of 633
4/28/16 close: $32.42
1 Month avg volatility: $0.46. Volatility stop (for downward breakout): $33.56 or 3.5% above the close.
Change YTD: 11.99%
Volume: 188,800 shares. 3 month avg: 285,563 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: Diamond top reversal pattern from 03/21/2016 to 04/28/2016
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.

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Home Depot, Inc (HD)
Industry: Retail Building Supply
Industry RS rank: 8 out of 56
Stock RS rank: 181 out of 633
4/28/16 close: $132.73
1 Month avg volatility: $1.76. Volatility stop (for downward breakout): $138.96 or 4.7% above the close.
Change YTD: 0.36%
Volume: 5,551,500 shares. 3 month avg: 5,084,449 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 top reversal pattern from 04/04/2016 to 04/27/2016
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.

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Hurco Companies Inc. (HURC)
Industry: Machinery
Industry RS rank: 10 out of 56
Stock RS rank: 53 out of 633
4/28/16 close: $32.43
1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $30.67 or 5.4% below the close.
Change YTD: 22.10%
Volume: 15,600 shares. 3 month avg: 19,911 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: Triangle, ascending reversal pattern from 03/31/2016 to 04/27/2016
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.

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Infinera Corp. (INFN)
Industry: Telecom. Equipment
Industry RS rank: 45 out of 56
Stock RS rank: 620 out of 633
4/28/16 close: $12.01
1 Month avg volatility: $0.49. Volatility stop (for downward breakout): $13.99 or 16.5% above the close.
Change YTD: -33.75%
Volume: 20,427,300 shares. 3 month avg: 2,556,843 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 04/28/2016 to 04/28/2016
Breakout is downward 67% of the time.
Average decline: 18%.

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Invacare Corp. (IVC)
Industry: Medical Supplies
Industry RS rank: 4 out of 56
Stock RS rank: 619 out of 633
4/28/16 close: $11.01
1 Month avg volatility: $0.52. Volatility stop (for downward breakout): $14.03 or 27.4% above the close.
Change YTD: -36.69%
Volume: 2,257,300 shares. 3 month avg: 510,677 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: Dead-cat bounce continuation pattern from 04/28/2016 to 04/28/2016
Breakout is downward 67% of the time.
Average decline: 18%.

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La-Z-Boy Inc (LZB)
Industry: Furn/Home Furnishings
Industry RS rank: 23 out of 56
Stock RS rank: 468 out of 633
4/28/16 close: $26.05
1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $24.87 or 4.5% below the close.
Change YTD: 6.67%
Volume: 277,000 shares. 3 month avg: 377,889 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: Triangle, symmetrical continuation pattern from 03/24/2016 to 04/28/2016
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.

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Mylan Laboratories Inc. (MYL)
Industry: Drug
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 53 out of 56
Stock RS rank: 408 out of 633
4/28/16 close: $42.60
1 Month avg volatility: $1.47. Volatility stop (for downward breakout): $46.81 or 9.9% above the close.
Change YTD: -21.21%
Volume: 8,654,400 shares. 3 month avg: 5,882,675 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 03/10/2016 to 04/22/2016
WARNING: A dead-cat bounce occurred on 02/11/2016. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/12/2016 and a 38% chance by 08/11/2016.
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.

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National Oilwell Varco (NOV)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 38 out of 56
Stock RS rank: 475 out of 633
4/28/16 close: $33.10
1 Month avg volatility: $1.20. Volatility stop (for upward breakout): $27.38 or 17.3% below the close.
Change YTD: -1.16%
Volume: 16,748,100 shares. 3 month avg: 7,571,448 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 04/11/2016 to 04/18/2016
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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Palto Alto Networks Inc (PANW)
Industry: Computer Software and Svcs
Industry RS rank: 47 out of 56
Stock RS rank: 445 out of 633
4/28/16 close: $151.44
1 Month avg volatility: $4.66. Volatility stop (for upward breakout): $141.78 or 6.4% below the close.
Change YTD: -14.02%
Volume: 1,539,600 shares. 3 month avg: 2,278,094 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe bottom reversal pattern from 04/11/2016 to 04/18/2016
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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Spectra Energy Corp (SE)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 38 out of 56
Stock RS rank: 135 out of 633
4/28/16 close: $31.21
1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $29.87 or 4.3% below the close.
Change YTD: 30.37%
Volume: 3,181,000 shares. 3 month avg: 6,070,834 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: Rectangle top continuation pattern from 03/01/2016 to 04/22/2016
Breakout is upward 68% of the time.
Average rise: 39%.
Break-even failure rate: 9%.
Throwbacks occur 64% of the time.
Price hits measure rule target 80% of the time.

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TJX Companies Inc (TJX)
Industry: Retail Store
Industry RS rank: 40 out of 56
Stock RS rank: 224 out of 633
4/28/16 close: $76.89
1 Month avg volatility: $0.96. Volatility stop (for upward breakout): $74.76 or 2.8% below the close.
Change YTD: 8.43%
Volume: 1,691,200 shares. 3 month avg: 3,161,562 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 03/31/2016 to 04/28/2016
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.

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Thursday 4/28/16. Intraday Market Direction: Nasdaq

The index dropped by -0.5% or -25.14 points. Since 02/05/1971 the index made 320 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 153 occasions.
     Average loss was -1.0% on 167 occasions.
Expect the index to close lower 52.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 104/180 or 57.8% of the time.
     The prediction of the index closing lower has been right 34/72 or 47.2% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

I show a picture of the Nasdaq composite on the 5-minute scale.

A double bottom at AB appears during the session. It confirms as a valid chart pattern when the index closes above C, the peak between the two bottoms.

The height of the pattern from A (lowest bottom) to C added to C is supposed to be the target. It's hard to tell if the index hit the target or not. It was close, though.

It appears that the index is throwing back to C, the top of the double bottom. After that, I would expect the index to rise.

That is what typically happens.

If it continues to drop instead, look for it to find support at AB.

$ $ $

I received several emails regarding my eye problems. I didn't even know about ophthalmologists (eye MDs), so that will be my first visit.

Thanks to all of you who sent suggestions.

And the weather was mild last night. Lots of lightening, some wind and rain, but that's about it. No damage to my property, but storms are predicted for the next week.

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The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Top

© 2016 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  4,621.19    
 Monthly S1  4,742.17  120.97   
 Weekly S2  4,804.19  62.03   
 Daily S2  4,807.61  3.42   Yes! The Daily S2 is close to the Weekly S2.
 Low  4,826.38  18.77   
 Weekly S1  4,833.67  7.29   
 Daily S1  4,835.38  1.71   Yes! The Daily S1 is close to the Weekly S1.
 61.8% Down from Intraday High  4,844.15  8.78   
 50% Down from Intraday High  4,849.65  5.49   
 Daily Pivot  4,854.14  4.50   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  4,855.14  0.99   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Open  4,855.38  0.24   Yes! The Open is close to the 38.2% Down from Intraday High.
 Monthly Pivot  4,855.74  0.36   Yes! The Monthly Pivot is close to the Open.
 Close  4,863.14  7.40   
 High  4,872.91  9.77   
 Daily R1  4,881.91  9.00   
 Daily R2  4,900.67  18.77   
 Weekly Pivot  4,901.49  0.82   Yes! The Weekly Pivot is close to the Daily R2.
 Weekly R1  4,930.97  29.47   
 Monthly R1  4,976.72  45.75   
 Weekly R2  4,998.79  22.08   
 Monthly R2  5,090.29  91.50   

Wednesday 4/27/16. A Look At Indicators

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

The indicator which made a strong plunge just yesterday has recovered. The reason for this is how the indicator is constructed. Signals can and do change for up to a week.

The chart shows the indicator remains bullish.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Monday, 40% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 41%.
The fewest was 21% on 05/01/2015.
And the most was 70% on 02/11/2016.
Shown as a blue line on the above chart...
The 538 stocks in my database are down an average of 20% from their yearly high.
A week ago, the average was 20%.
The peak was 13% on 05/18/2015.
And the bottom was 32% on 02/11/2016.

The numbers tell the story just as the chart does. The red line is improving, showing fewer stocks in bear market territory.

The blue line is flat this week, meaning the average stock in my database is down 20% from its peak, the same as last week.

I am cautious about these findings. It could be that the upward momentum is slowing and that we'll see a downturn. I've been seeing signs of slowing for a while now, however.

$ $ $

The weather this evening has a big risk of large (2") hail. Hope it doesn't take out my roof. Fortunately, the risk of a tornado is diminished and yet there are warnings to the west of here (getting closer).

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A month ago, my optometrist found that two veins in my eyes had burst (one in each eye, but not damage). One was serious because it was close to the optic nerve. If cells can't get blood, they die and you lose sight. This has two causes, according to her: a spike in glucose or high blood pressure.

I went to my family doctor (a physician's assistant, really). She confirmed that blood pressure was not the cause. My glucose was normal according to their phone message. However, looking at my blood test revealed that fasting glucose (where you don't eat anything for 8 hours) was abnormal (normal is 99 or below and I hit 100 and that was after fasting for 12 hours. I'm not fat either: 147 pounds at 5' 9", below my target of the low 150s). Those of you that follow this blog know that in the summer, I ride my bicycle at a fast pace, often over 20 mph. That's not bad for a guy approaching 60.

So I talked to a registered dietitian to get my diet in order. I feel better about it now.

This morning, I had another visit with my optometrist. She did some research on my problem and said that another cause could be low blood pressure. Yeah, that's me.

I don't have any symptoms, such as feeling dizzy when standing, but my BP readings are low, with the diastolic (bottom number) often below 60. The rule is below 90/60 means low BP.

The problem is that the eyeball pressure is higher than blood pressure. If the imbalance is large, you'll start busting veins and could possible go blind.

So, all of this has me concerned, especially when my optometrist said, "You probably won't go blind in the next three months." Jeepers. I didn't even think that was a possibility.

Being single, I can't imagine what I'll do should I go blind.

-- Thomas Bulkowski

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