Bulkowski's Blog: ThePatternSite.com
As of 03/27/2020
  Indus: 21,637 -915.39 -4.1%  
  Trans: 7,699 -346.29 -4.3%  
  Utils: 759 +1.01 +0.1%  
  Nasdaq: 7,502 -295.16 -3.8%  
  S&P 500: 2,541 -88.60 -3.4%  
YTD
-24.2%  
-29.4%  
-13.7%  
-16.4%  
-21.3%  
  Targets    Overview: 03/15/2020  
  Down arrow19,000 or 25,600 by 04/15/2020
  Down arrow6,700 or 9,000 by 04/15/2020
  Down arrow600 or 800 by 04/15/2020
  Down arrow7,000 or 8,400 by 04/15/2020
  Down arrow2,300 or 2,900 by 04/15/2020
CPI (updated daily): Arrows on 3/27/20
As of 03/27/2020
  Indus: 21,637 -915.39 -4.1%  
  Trans: 7,699 -346.29 -4.3%  
  Utils: 759 +1.01 +0.1%  
  Nasdaq: 7,502 -295.16 -3.8%  
  S&P 500: 2,541 -88.60 -3.4%  
YTD
-24.2%  
-29.4%  
-13.7%  
-16.4%  
-21.3%  
  Targets    Overview: 03/15/2020  
  Down arrow19,000 or 25,600 by 04/15/2020
  Down arrow6,700 or 9,000 by 04/15/2020
  Down arrow600 or 800 by 04/15/2020
  Down arrow7,000 or 8,400 by 04/15/2020
  Down arrow2,300 or 2,900 by 04/15/2020
CPI (updated daily): Arrows on 3/27/20

 

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Monday 3/30/20. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

I show a chart of the Nasdaq composite on the daily scale.

You see a nice sustainable uptrend until the market learns of Covid-19. Then down she goes. However, the index didn't drop as far as I expected it to.

I think the index (or the markets, really) will follow the red line. If I'm right, the markets will struggle to move higher and drop (A) to form a second bottom (B).

As the indices approach the level of the prior bottom (mid March), everyone will jump in and buy, sending the indices back up. So have your buy orders in place, ready to trigger automatically, placed above the price of the prior low.

Of course, the AB move might not happen. The index could continue down or resume the upward move.

I listened to the Starbucks CEO say that their stores in China were closed, but 7 weeks later, most of them (96%) are back open now.

That means America will be shut down to at least June if we follow the same schedule.

Meanwhile, the chart pattern indicator has turned bearish again, reversing the bullish signal which appeared 5 days ago. The reading (33%) is slightly below the bearish 35% minimum, so it's close and a large gain will erase it. So we'll have to see what happens.

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A Brief Look Back

Picture of a flower from my garden.

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Down 582.05 points.
Tuesday: Up 2112.98 points.
Wednesday: Up 495.64 points.
Thursday: Up 1351.62 points.
Friday: Down 915.39 points.

For the Week...

The Dow industrials were up 2462.8 points or 12.8%.
The Nasdaq composite was up 622.86 points or 9.1%.
The S&P 500 index was up 236.55 points or 10.3%.

Year to Date...

Dow Industrials
     26.8% down from the high of 29,568.57 on 02/12/2020.
     18.8% up from the low of 18,213.65 on 03/23/2020.
Nasdaq
     23.7% down from the high of 9,838.37 on 02/19/2020.
     13.1% up from the low of 6,631.42 on 03/23/2020.
S&P 500
     25.1% down from the high of 3,393.52 on 02/19/2020.
     16.0% up from the low of 2,191.86 on 03/23/2020.

Options Expiration

No options expire this week.

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Swing and Position Traders: Chart Pattern Indicator

The chart pattern indicator is bearish with 1 of 3 half triangles showing (). Additional triangles are a measure of strength with solid triangles meaning a more reliable signal than half triangles.

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  20,953  21,295  21,811  22,153  22,670 
Weekly  16,434  19,035  20,815  23,417  25,197 
Monthly  12,562  17,099  22,751  27,289  32,940 
S&P500 (^GSPC): Daily  2,463  2,502  2,559  2,598  2,655 
Weekly  2,012  2,277  2,457  2,722  2,902 
Monthly  1,596  2,069  2,664  3,137  3,732 
Nasdaq (^IXIC): Daily  7,345  7,424  7,570  7,649  7,795 
Weekly  6,136  6,819  7,315  7,998  8,493 
Monthly  5,127  6,315  7,819  9,006  10,510 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Consecutive Price Trends

Index Consecutive
Closes So Far 
% Comments 
 Dow industrials (^DJI) 1 week up 46.8%   Expect a random direction. 
 3 months down 7.3%   Expect a reversal soon. 
 S & P 500 (^GSPC) 1 week up 47.8%   Expect a random direction. 
 3 months down 5.9%   Expect a reversal soon. 
 Nasdaq composite (^IXIC) 1 week up 49.1%   Expect a random direction. 
 2 months down 14.9%   Expect a reversal soon. 

How long can an index close higher (or lower) each day? The adjacent table shows how often consecutive up or down closes occur in the indices, based on the most recent trend of closes.

Low percentages suggest the market is overdue to turn (think of it as the likelihood that next week or next month will continue the trend, based on historical performance). Values of 50% mean random, so most percentages will be lower.

The analysis uses data going back 10 years for weekly percentages and 25 years for monthly percentages (or the start of data, whichever is more recent). Any unchanged closing price is interpreted as the end of the string of consecutive up or down closes.

Earnings, Chart Patterns & Industries

Earnings season is over.

 Found Chart Pattern Name
77Dead-cat bounce
25Double Bottom, Adam and Adam
20Flag, high and tight
17Vertical move down
6Double Top, Eve and Adam
4V bottoms
2Pipe top
2Head-and-shoulders top
1Vertical move up
1Broadening bottom

Large numbers of bullish or bearish chart patterns can signal short- to intermediate-term market trends (many bullish chart patterns can mean an uptrend will continue, for example). However, please realize that the short-term price trend could have changed since the pattern was discovered (this is especially true of pipe tops or bottoms, which are weekly patterns).

The 10 types of most frequently appearing chart patterns in the stocks, indices, and long-only exchange traded funds I follow during the last month are shown in the adjacent table.

The industries I follow were the best (rank 1) and worst performing.

This WeekLast Week
1. Short ETFs1. Short ETFs
2. Healthcare Information2. Healthcare Information
3. Semiconductor3. Biotechnology
4. Biotechnology4. Household Products
5. Computer Software and Svcs5. Computer Software and Svcs

-- Thomas Bulkowski

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Friday 3/27/20. Pattern Trading Setups for the Weekend.

Be careful trading high and tight flags. You'll see a lot of them this week. If they behave like they did after the 2007-2009 bear market, they'll have a high failure rate and those that make money, won't make a lot of it. But, maybe it's different this time...

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.

Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

There were 43 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 595 stocks searched, or 7.2%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

I found 1 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 20 bullish chart patterns this week and 0 bearish ones with any remaining (24) 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
DDDDouble Bottom, Adam and Adam      03/17/202003/23/2020Electronics
AYIDouble Bottom, Adam and Adam      03/18/202003/23/2020Furn/Home Furnishings
APDDouble Bottom, Adam and Adam      03/16/202003/23/2020Chemical (Diversified)
AELFlag, high and tight      03/19/202003/26/2020Insurance (Life)
AXPDouble Bottom, Adam and Adam      03/18/202003/23/2020Financial Services
AMWDDouble Bottom, Adam and Adam      03/19/202003/23/2020Building Materials
APOGDouble Bottom, Adam and Adam      03/19/202003/23/2020Building Materials
AWIDouble Bottom, Adam and Adam      03/18/202003/23/2020Building Materials
ASNAPennant      03/12/202003/24/2020Apparel
ASHDouble Bottom, Adam and Adam      03/18/202003/23/2020Chemical (Basic)
AGOFlag, high and tight      03/18/202003/26/2020Insurance (Life)
BSETDouble Bottom, Adam and Adam      03/18/202003/23/2020Furn/Home Furnishings
BAFlag, high and tight      03/19/202003/26/2020Aerospace/Defense
CALFlag, high and tight      03/18/202003/26/2020Shoe
CONNFlag, high and tight      03/18/202003/26/2020Retail (Special Lines)
COTYFlag, high and tight      03/18/202003/26/2020Toiletries/Cosmetics
CROXFlag, high and tight      03/18/202003/26/2020Shoe
EIXDouble Bottom, Adam and Adam      03/16/202003/23/2020Electric Utility (West)
EMRDouble Bottom, Adam and Adam      03/18/202003/23/2020Computers and Peripherals
EXCDouble Bottom, Adam and Adam      03/17/202003/23/2020Electric Utility (East)
GEDouble Bottom, Adam and Adam      03/18/202003/23/2020Diversified Co.
HSCFlag, high and tight      03/18/202003/26/2020Diversified Co.
HSICDouble Bottom, Adam and Adam      03/18/202003/23/2020Medical Supplies
HSYDouble Bottom, Adam and Adam      03/18/202003/23/2020Food Processing
HOVFlag, high and tight      03/18/202003/26/2020Homebuilding
IVCDouble Bottom, Adam and Adam      03/18/202003/23/2020Medical Supplies
NVTAFlag, high and tight      03/19/202003/26/2020Medical Services
KBHFlag, high and tight      03/19/202003/26/2020Homebuilding
LAMRFlag, high and tight      03/23/202003/26/2020Advertising
LEGDouble Bottom, Adam and Adam      03/18/202003/23/2020Furn/Home Furnishings
LXUPipe bottom      03/09/202003/16/2020Building Materials
MHOFlag, high and tight      03/19/202003/26/2020Homebuilding
MDTDouble Bottom, Adam and Adam      03/18/202003/23/2020Medical Supplies
NBLFlag, high and tight      03/18/202003/26/2020Petroleum (Producing)
OUTFlag, high and tight      03/23/202003/26/2020Advertising
PATKFlag, high and tight      03/19/202003/26/2020Retail Building Supply
PNWDouble Bottom, Adam and Adam      03/18/202003/23/2020Electric Utility (West)
POLFlag, high and tight      03/18/202003/26/2020Chemical (Specialty)
PRUDouble Bottom, Adam and Adam      03/17/202003/23/2020Insurance (Life)
SREDouble Bottom, Adam and Adam      03/16/202003/23/2020Electric Utility (West)
TPRDouble Bottom, Adam and Adam      03/17/202003/23/2020Apparel
TFXDouble Bottom, Adam and Adam      03/19/202003/23/2020Diversified Co.
TPXFlag, high and tight      03/19/202003/26/2020Furn/Home Furnishings
SLCAFlag, high and tight      03/18/202003/26/2020Metals and Mining (Div.)

 

Weekly screen for chart patterns ending between 03/19/2020 and 03/26/2020. 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.
 
3D Systems (DDD)
Industry: Electronics
Industry RS rank: 26 out of 58
Stock RS rank: 133 out of 590
3/26/20 close: $7.52
1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $5.42 or 28.0% below the close.
Change YTD: -14.06%
Volume: 3,058,200 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: Double Bottom, Adam and Adam reversal pattern from 03/17/2020 to 03/23/2020
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.

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Acuity Brands, Inc (AYI)
Industry: Furn/Home Furnishings
Industry RS rank: 54 out of 58
Stock RS rank: 431 out of 590
3/26/20 close: $85.64
1 Month avg volatility: $7.31. Volatility stop (for upward breakout): $64.70 or 24.5% below the close.
Change YTD: -37.94%
Volume: 482,200 shares. 3 month avg: 670,414 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 03/18/2020 to 03/23/2020
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.

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Air Products and Chemicals, Inc. (APD)
Industry: Chemical (Diversified)
Industry RS rank: 32 out of 58
Stock RS rank: 156 out of 590
3/26/20 close: $201.34
1 Month avg volatility: $14.33. Volatility stop (for upward breakout): $161.32 or 19.9% below the close.
Change YTD: -14.32%
Volume: 1,512,800 shares. 3 month avg: 1,051,743 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, Adam and Adam reversal pattern from 03/16/2020 to 03/23/2020
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.

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American Equity Investment Life Holding (AEL)
Industry: Insurance (Life)
Industry RS rank: 55 out of 58
Stock RS rank: 241 out of 590
3/26/20 close: $20.61
1 Month avg volatility: $2.35. Volatility stop (for upward breakout): $13.41 or 35.0% below the close.
Change YTD: -31.14%
Volume: 1,144,000 shares. 3 month avg: 625,883 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: Flag, high and tight continuation pattern from 03/19/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/11/2020 and a 38% chance by 09/10/2020.
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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American Express Co (AXP)
Industry: Financial Services
Industry RS rank: 19 out of 58
Stock RS rank: 321 out of 590
3/26/20 close: $93.29
1 Month avg volatility: $7.93. Volatility stop (for upward breakout): $74.99 or 19.6% below the close.
Change YTD: -25.06%
Volume: 9,459,000 shares. 3 month avg: 3,419,958 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, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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American Woodmark Corp (AMWD)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 42 out of 58
Stock RS rank: 467 out of 590
3/26/20 close: $52.75
1 Month avg volatility: $7.61. Volatility stop (for upward breakout): $37.04 or 29.8% below the close.
Change YTD: -49.53%
Volume: 205,900 shares. 3 month avg: 141,992 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 Bottom, Adam and Adam reversal pattern from 03/19/2020 to 03/23/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/11/2020 and a 38% chance by 09/10/2020.
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.

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Apogee Enterprises (APOG)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 42 out of 58
Stock RS rank: 509 out of 590
3/26/20 close: $21.59
1 Month avg volatility: $2.32. Volatility stop (for upward breakout): $14.55 or 32.6% below the close.
Change YTD: -33.57%
Volume: 298,700 shares. 3 month avg: 243,183 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 Bottom, Adam and Adam reversal pattern from 03/19/2020 to 03/23/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/11/2020 and a 38% chance by 09/10/2020.
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.

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Armstrong World Industries (AWI)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 42 out of 58
Stock RS rank: 202 out of 590
3/26/20 close: $83.47
1 Month avg volatility: $6.68. Volatility stop (for upward breakout): $65.21 or 21.9% below the close.
Change YTD: -11.17%
Volume: 310,600 shares. 3 month avg: 508,948 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, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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Ascena Retail Group (ASNA)
Industry: Apparel
Industry RS rank: 51 out of 58
Stock RS rank: 575 out of 590
3/26/20 close: $1.70
1 Month avg volatility: $0.46. Volatility stop (for upward breakout): $0.74 or 56.3% below the close.
Change YTD: -77.82%
Volume: 548,300 shares. 3 month avg: 2,861,685 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: Pennant continuation pattern from 03/12/2020 to 03/24/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/11/2020 and a 38% chance by 09/10/2020.
Breakout is upward 61% of the time.
Average rise: 25%.
Break-even failure rate: 2%.
Throwbacks occur 47% of the time.
Price hits measure rule target 60% of the time.

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Ashland Inc. (ASH)
Industry: Chemical (Basic)
Industry RS rank: 31 out of 58
Stock RS rank: 425 out of 590
3/26/20 close: $51.48
1 Month avg volatility: $3.90. Volatility stop (for upward breakout): $39.20 or 23.9% below the close.
Change YTD: -32.73%
Volume: 717,600 shares. 3 month avg: 610,854 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 Bottom, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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Assured Guaranty Ltd. (AGO)
Industry: Insurance (Life)
Industry RS rank: 55 out of 58
Stock RS rank: 440 out of 590
3/26/20 close: $29.08
1 Month avg volatility: $2.73. Volatility stop (for upward breakout): $20.49 or 29.5% below the close.
Change YTD: -40.68%
Volume: 1,101,200 shares. 3 month avg: 1,068,715 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
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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Bassett Furniture Industries Inc (BSET)
Industry: Furn/Home Furnishings
Industry RS rank: 54 out of 58
Stock RS rank: 551 out of 590
3/26/20 close: $6.70
1 Month avg volatility: $0.81. Volatility stop (for upward breakout): $4.42 or 34.1% below the close.
Change YTD: -59.83%
Volume: 92,600 shares. 3 month avg: 28,538 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 Friday.
 
Chart pattern: Double Bottom, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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Boeing Company, The (BA)
Industry: Aerospace/Defense
Industry RS rank: 44 out of 58
Stock RS rank: 546 out of 590
3/26/20 close: $180.55
1 Month avg volatility: $19.84. Volatility stop (for upward breakout): $127.51 or 29.4% below the close.
Change YTD: -44.58%
Volume: 63,172,100 shares. 3 month avg: 3,332,308 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: Flag, high and tight continuation pattern from 03/19/2020 to 03/26/2020
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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Caleres (CAL)
Industry: Shoe
Industry RS rank: 38 out of 58
Stock RS rank: 583 out of 590
3/26/20 close: $6.09
1 Month avg volatility: $1.17. Volatility stop (for upward breakout): $3.56 or 41.6% below the close.
Change YTD: -74.36%
Volume: 968,400 shares. 3 month avg: 329,342 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 02/14/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/15/2020 and a 38% chance by 08/14/2020.
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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Conns Inc (CONN)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 46 out of 58
Stock RS rank: 587 out of 590
3/26/20 close: $5.29
1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $3.30 or 37.6% below the close.
Change YTD: -57.30%
Volume: 753,200 shares. 3 month avg: 567,568 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/11/2020 and a 38% chance by 09/10/2020.
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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Coty (COTY)
Industry: Toiletries/Cosmetics
Industry RS rank: 30 out of 58
Stock RS rank: 443 out of 590
3/26/20 close: $6.68
1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $3.68 or 44.9% below the close.
Change YTD: -40.62%
Volume: 14,299,000 shares. 3 month avg: 5,764,371 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
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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CROCS Inc (CROX)
Industry: Shoe
Industry RS rank: 38 out of 58
Stock RS rank: 430 out of 590
3/26/20 close: $18.43
1 Month avg volatility: $2.69. Volatility stop (for upward breakout): $12.55 or 31.9% below the close.
Change YTD: -56.00%
Volume: 2,284,100 shares. 3 month avg: 1,230,068 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 02/27/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/28/2020 and a 38% chance by 08/27/2020.
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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Edison International (EIX)
Industry: Electric Utility (West)
Industry RS rank: 24 out of 58
Stock RS rank: 347 out of 590
3/26/20 close: $57.73
1 Month avg volatility: $4.48. Volatility stop (for upward breakout): $44.89 or 22.2% below the close.
Change YTD: -23.45%
Volume: 3,211,100 shares. 3 month avg: 2,498,883 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 03/16/2020 to 03/23/2020
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.

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Emerson Electric (EMR)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 6 out of 58
Stock RS rank: 357 out of 590
3/26/20 close: $48.80
1 Month avg volatility: $4.28. Volatility stop (for upward breakout): $37.67 or 22.8% below the close.
Change YTD: -36.01%
Volume: 6,629,700 shares. 3 month avg: 3,509,922 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 03/18/2020 to 03/23/2020
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.

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Exelon Corp. (EXC)
Industry: Electric Utility (East)
Industry RS rank: 18 out of 58
Stock RS rank: 364 out of 590
3/26/20 close: $36.59
1 Month avg volatility: $3.05. Volatility stop (for upward breakout): $28.17 or 23.0% below the close.
Change YTD: -19.74%
Volume: 6,792,000 shares. 3 month avg: 5,244,875 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 03/17/2020 to 03/23/2020
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.

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General Electric Co (GE)
Industry: Diversified Co.
Industry RS rank: 34 out of 58
Stock RS rank: 185 out of 590
3/26/20 close: $8.12
1 Month avg volatility: $0.73. Volatility stop (for upward breakout): $6.04 or 25.6% below the close.
Change YTD: -27.24%
Volume: 123,153,400 shares. 3 month avg: 74,714,158 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 Bottom, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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Harsco Corp (HSC)
Industry: Diversified Co.
Industry RS rank: 34 out of 58
Stock RS rank: 565 out of 590
3/26/20 close: $7.57
1 Month avg volatility: $1.17. Volatility stop (for upward breakout): $4.38 or 42.2% below the close.
Change YTD: -67.10%
Volume: 953,100 shares. 3 month avg: 523,465 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 02/27/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/28/2020 and a 38% chance by 08/27/2020.
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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Henry Schein Inc. (HSIC)
Industry: Medical Supplies
Industry RS rank: 14 out of 58
Stock RS rank: 214 out of 590
3/26/20 close: $53.56
1 Month avg volatility: $4.37. Volatility stop (for upward breakout): $40.91 or 23.6% below the close.
Change YTD: -19.72%
Volume: 10,243,900 shares. 3 month avg: 2,211,905 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: Double Bottom, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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Hershey Company, The (HSY)
Industry: Food Processing
Industry RS rank: 16 out of 58
Stock RS rank: 212 out of 590
3/26/20 close: $132.45
1 Month avg volatility: $9.50. Volatility stop (for upward breakout): $107.12 or 19.1% below the close.
Change YTD: -9.89%
Volume: 1,440,300 shares. 3 month avg: 973,146 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 03/18/2020 to 03/23/2020
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.

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Hovnanian Enterprises Inc (HOV)
Industry: Homebuilding
Industry RS rank: 50 out of 58
Stock RS rank: 515 out of 590
3/26/20 close: $10.35
1 Month avg volatility: $2.45. Volatility stop (for upward breakout): $5.21 or 49.7% below the close.
Change YTD: -50.41%
Volume: 305,700 shares. 3 month avg: 1,539,280 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/11/2020 and a 38% chance by 09/10/2020.
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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Invacare Corp. (IVC)
Industry: Medical Supplies
Industry RS rank: 14 out of 58
Stock RS rank: 117 out of 590
3/26/20 close: $6.80
1 Month avg volatility: $0.74. Volatility stop (for upward breakout): $4.21 or 38.2% below the close.
Change YTD: -24.61%
Volume: 427,000 shares. 3 month avg: 553,063 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, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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Invitae Corp (NVTA)
Industry: Medical Services
Industry RS rank: 7 out of 58
Stock RS rank: 263 out of 590
3/26/20 close: $16.34
1 Month avg volatility: $1.94. Volatility stop (for upward breakout): $10.12 or 38.1% below the close.
Change YTD: 1.30%
Volume: 3,951,600 shares. 3 month avg: 321,822 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: Flag, high and tight continuation pattern from 03/19/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/11/2020 and a 38% chance by 09/10/2020.
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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KB Home Corp. (KBH)
Industry: Homebuilding
Industry RS rank: 50 out of 58
Stock RS rank: 477 out of 590
3/26/20 close: $19.08
1 Month avg volatility: $2.62. Volatility stop (for upward breakout): $13.28 or 30.4% below the close.
Change YTD: -44.32%
Volume: 4,865,600 shares. 3 month avg: 2,684,634 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: Flag, high and tight continuation pattern from 03/19/2020 to 03/26/2020
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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Lamar Advertising (LAMR)
Industry: Advertising
Industry RS rank: 52 out of 58
Stock RS rank: 451 out of 590
3/26/20 close: $51.63
1 Month avg volatility: $6.98. Volatility stop (for upward breakout): $36.17 or 29.9% below the close.
Change YTD: -42.16%
Volume: 1,467,600 shares. 3 month avg: 612,354 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: Flag, high and tight continuation pattern from 03/23/2020 to 03/26/2020
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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Leggett and Platt (LEG)
Industry: Furn/Home Furnishings
Industry RS rank: 54 out of 58
Stock RS rank: 366 out of 590
3/26/20 close: $30.31
1 Month avg volatility: $2.69. Volatility stop (for upward breakout): $21.91 or 27.7% below the close.
Change YTD: -40.37%
Volume: 1,405,400 shares. 3 month avg: 981,391 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 Bottom, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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LSB Industries Inc (LXU)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 42 out of 58
Stock RS rank: 562 out of 590
3/26/20 close: $2.24
1 Month avg volatility: $0.22. Volatility stop (for upward breakout): $1.71 or 23.5% below the close.
Change YTD: -46.67%
Volume: 146,600 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 Wednesday.
 
Chart pattern: Pipe bottom reversal pattern from 03/09/2020 to 03/16/2020
WARNING: A dead-cat bounce occurred on 10/29/2019. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 04/28/2020.
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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M/I Homes, Inc. (MHO)
Industry: Homebuilding
Industry RS rank: 50 out of 58
Stock RS rank: 513 out of 590
3/26/20 close: $20.02
1 Month avg volatility: $2.60. Volatility stop (for upward breakout): $13.18 or 34.1% below the close.
Change YTD: -49.12%
Volume: 504,500 shares. 3 month avg: 256,088 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: Flag, high and tight continuation pattern from 03/19/2020 to 03/26/2020
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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Medtronic Inc (MDT)
Industry: Medical Supplies
Industry RS rank: 14 out of 58
Stock RS rank: 226 out of 590
3/26/20 close: $91.94
1 Month avg volatility: $5.25. Volatility stop (for upward breakout): $78.55 or 14.6% below the close.
Change YTD: -18.96%
Volume: 12,537,700 shares. 3 month avg: 5,761,640 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 03/18/2020 to 03/23/2020
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.

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Noble Energy Inc. (NBL)
Industry: Petroleum (Producing)
Industry RS rank: 58 out of 58
Stock RS rank: 581 out of 590
3/26/20 close: $6.21
1 Month avg volatility: $1.24. Volatility stop (for upward breakout): $3.37 or 45.8% below the close.
Change YTD: -75.00%
Volume: 12,830,700 shares. 3 month avg: 4,869,591 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 03/11/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/10/2020 and a 38% chance by 09/09/2020.
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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Outfont Media (OUT)
Industry: Advertising
Industry RS rank: 52 out of 58
Stock RS rank: 547 out of 590
3/26/20 close: $12.79
1 Month avg volatility: $2.08. Volatility stop (for upward breakout): $8.47 or 33.8% below the close.
Change YTD: -52.31%
Volume: 3,398,100 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: Flag, high and tight continuation pattern from 03/23/2020 to 03/26/2020
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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Patrick Industries Inc (PATK)
Industry: Retail Building Supply
Industry RS rank: 22 out of 58
Stock RS rank: 337 out of 590
3/26/20 close: $31.78
1 Month avg volatility: $4.10. Volatility stop (for upward breakout): $19.59 or 38.3% below the close.
Change YTD: -39.39%
Volume: 479,500 shares. 3 month avg: 94,083 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: Flag, high and tight continuation pattern from 03/19/2020 to 03/26/2020
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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Pinnacle West Capital Corp (PNW)
Industry: Electric Utility (West)
Industry RS rank: 24 out of 58
Stock RS rank: 289 out of 590
3/26/20 close: $79.34
1 Month avg volatility: $6.11. Volatility stop (for upward breakout): $60.10 or 24.3% below the close.
Change YTD: -11.78%
Volume: 1,217,500 shares. 3 month avg: 665,203 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, Adam and Adam reversal pattern from 03/18/2020 to 03/23/2020
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.

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Polyone Corp (POL)
Industry: Chemical (Specialty)
Industry RS rank: 27 out of 58
Stock RS rank: 484 out of 590
3/26/20 close: $18.89
1 Month avg volatility: $2.08. Volatility stop (for upward breakout): $13.64 or 27.8% below the close.
Change YTD: -48.65%
Volume: 1,156,200 shares. 3 month avg: 446,563 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
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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Prudential Financial Inc (PRU)
Industry: Insurance (Life)
Industry RS rank: 55 out of 58
Stock RS rank: 468 out of 590
3/26/20 close: $54.65
1 Month avg volatility: $4.97. Volatility stop (for upward breakout): $42.41 or 22.4% below the close.
Change YTD: -41.70%
Volume: 5,747,400 shares. 3 month avg: 1,669,805 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, Adam and Adam reversal pattern from 03/17/2020 to 03/23/2020
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.

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Sempra Energy (SRE)
Industry: Electric Utility (West)
Industry RS rank: 24 out of 58
Stock RS rank: 218 out of 590
3/26/20 close: $123.60
1 Month avg volatility: $9.72. Volatility stop (for upward breakout): $90.59 or 26.7% below the close.
Change YTD: -18.41%
Volume: 2,017,000 shares. 3 month avg: 1,356,452 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 03/16/2020 to 03/23/2020
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.

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Tapestry Inc (TPR)
Industry: Apparel
Industry RS rank: 51 out of 58
Stock RS rank: 470 out of 590
3/26/20 close: $15.16
1 Month avg volatility: $1.76. Volatility stop (for upward breakout): $10.51 or 30.7% below the close.
Change YTD: -43.79%
Volume: 6,986,100 shares. 3 month avg: 3,145,718 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: Double Bottom, Adam and Adam reversal pattern from 03/17/2020 to 03/23/2020
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.

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Teleflex Inc (TFX)
Industry: Diversified Co.
Industry RS rank: 34 out of 58
Stock RS rank: 238 out of 590
3/26/20 close: $289.99
1 Month avg volatility: $22.72. Volatility stop (for upward breakout): $233.54 or 19.5% below the close.
Change YTD: -22.97%
Volume: 366,600 shares. 3 month avg: 269,822 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 03/19/2020 to 03/23/2020
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.

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Tempur-pedic Intl (TPX)
Industry: Furn/Home Furnishings
Industry RS rank: 54 out of 58
Stock RS rank: 447 out of 590
3/26/20 close: $48.09
1 Month avg volatility: $6.27. Volatility stop (for upward breakout): $32.28 or 32.9% below the close.
Change YTD: -44.76%
Volume: 2,449,300 shares. 3 month avg: 985,960 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: Flag, high and tight continuation pattern from 03/19/2020 to 03/26/2020
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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U.S Silica Holdings Inc (SLCA)
Industry: Metals and Mining (Div.)
Industry RS rank: 35 out of 58
Stock RS rank: 589 out of 590
3/26/20 close: $1.71
1 Month avg volatility: $0.36. Volatility stop (for upward breakout): $0.81 or 52.6% below the close.
Change YTD: -72.20%
Volume: 4,297,900 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: Flag, high and tight continuation pattern from 03/18/2020 to 03/26/2020
WARNING: A dead-cat bounce occurred on 03/09/2020. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 06/08/2020 and a 38% chance by 09/07/2020.
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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Thursday Addendum

Just a quick note. After I posted to my blog Wednesday night, I had a thought. Next month, companies will begin reporting quarterly earnings.

What do you think the results will be? The likely-poor numbers will rattle the markets, but they are already down 25% year-to-date, so maybe the earnings results are already factored in.

If not, then perhaps the results will be the catalyst to send the markets back down to their recent lows.

-- Thomas Bulkowski

 

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