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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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Chart Patterns: After the Buy
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Busted
Patterns
Candles Chart
Patterns
Event
Patterns
Small Patterns
Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 04/28/2017
20,941 -40.82 -0.2%
9,098 -96.36 -1.0%
704 -3.23 -0.5%
6,048 -1.33 0.0%
2,384 -4.57 -0.2%
YTD
6.0%
0.6%
6.8%
12.3%
6.5%
Tom's Targets    Overview: 04/17/2017
20,100 or 21,150 by 05/01/2017
8,500 or 9,500 by 05/01/2017
725 or 685 by 05/01/2017
6,150 or 5,900 by 05/15/2017
2,275 or 2,425 by 05/01/2017
Mutt Winners: None YTD

  Written by and copyright © 2005-2017 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.

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Monday 5/1/17. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transports on the daily scale.

I show the Dow transports on the daily scale.

A double bottom appears at AB. This confirms as a valid chart pattern when the index rises above the peak (c) between the two bottoms.

That happens at D.

A throwback occurs at E, where price breaks out of the pattern a day before the peak at D and then curls back down to E.

Often, this looping action is a prelude to a resumption of the up move.

Nothing is guaranteed, of course, so price could just continue down in spite of my belief that the transports will climb.

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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: Up 216.13 points.
Tuesday: Up 232.23 points.
Wednesday: Down 21.03 points.
Thursday: Up 6.24 points.
Friday: Down 40.82 points.

For the Week...

The Dow industrials were up 392.75 points or 1.9%.
The Nasdaq composite was up 137.09 points or 2.3%.
The S&P 500 index was up 35.5101 points or 1.5%.

Year to Date...

Dow Industrials
     1.1% down from the high of 21,169.11 on 03/01/2017.
     6.4% up from the low of 19,677.94 on 01/19/2017.
Nasdaq
     0.4% down from the high of 6,074.04 on 04/28/2017.
     12.0% up from the low of 5,397.99 on 01/03/2017.
S&P 500
     0.7% down from the high of 2,400.98 on 03/01/2017.
     6.2% up from the low of 2,245.13 on 01/03/2017.

Options Expiration

No options expire this week.

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Swing and Position Traders: Chart Pattern Indicator

As of 04/28/2017, the CPI had:

6 bearish patterns,
8 bullish patterns,
208 patterns waiting for breakout.
The CPI signal is 57.1%, which is neutral (between 35% and 65%).

The chart pattern indicator is bullish with 2 of 3 full 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  20,891  20,916  20,952  20,977  21,013 
Weekly  20,564  20,752  20,912  21,100  21,259 
Monthly  20,106  20,523  20,797  21,214  21,488 
S&P500 (^GSPC): Daily  2,375  2,380  2,387  2,391  2,398 
Weekly  2,355  2,370  2,384  2,399  2,413 
Monthly  2,292  2,338  2,368  2,414  2,444 
Nasdaq (^IXIC): Daily  6,021  6,034  6,054  6,068  6,087 
Weekly  5,927  5,987  6,031  6,091  6,134 
Monthly  5,659  5,853  5,964  6,158  6,268 
  • Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
  • S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
  • If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
  • In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
  • A move outside of daily R1 or S1 usually does not mean a breakout.
  • The odds suggest that the entire week's price action will remain between weekly R2 and S2.
  • Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
  • Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
  • Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

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) 2 weeks up 30.4%   The trend may continue. 
 1 month up 52.3%   Expect a random direction. 
 S & P 500 (^GSPC) 2 weeks up 31.4%   The trend may continue. 
 1 month up 53.9%   Expect a random direction. 
 Nasdaq composite (^IXIC) 2 weeks up 33.6%   The trend may continue. 
 6 months up 10.2%   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 either underway or should be starting soon. The sessions could be more volatile.

 Found Chart Pattern Name
23Triangle, symmetrical
12Pipe bottom
10Head-and-shoulders bottom
10Rectangle top
9Head-and-shoulders top
9Triangle, descending
7Double Bottom, Adam and Eve
7Double Bottom, Adam and Adam
6Triangle, ascending
5Broadening top

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. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Electronics2. Human Resources
3. Human Resources3. Electronics
4. Building Materials4. Semiconductor
5. Homebuilding5. Homebuilding
50. Petroleum (Integrated)50. Petroleum (Integrated)
51. Toiletries/Cosmetics51. Toiletries/Cosmetics
52. Natural Gas (Diversified)52. Natural Gas (Diversified)
53. Furn/Home Furnishings53. Oilfield Svcs/Equipment
54. Oilfield Svcs/Equipment54. Furn/Home Furnishings
55. Apparel55. Petroleum (Producing)
56. Petroleum (Producing)56. Apparel
57. Short ETFs57. Short ETFs

-- Thomas Bulkowski

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Saturday 4/29/17. This Just In!

I released a new novel (fiction), called Tears for Bumper, pictured on the right.

It's available in kindle only, so far.

It's an engaging and entertaining story of a man and his dog as they share a life together. You'll laugh. You'll cry. And you'll learn about canine cognitive dysfunction, too.

BONUS material includes:

  • About Tears for Bumper
  • How Long Will My Dog Live?
  • About Canine Cognitive Dysfunction
  • What is CCD?
  • DISHA
  • Diagnosis
  • Treatment and Care of Senior Dogs

If you own a dog, you owe it to yourself to buy this book. Not only will you learn about CCD, but the information could save you money as well.

-- Thomas Bulkowski

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Friday 4/28/17. 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 19 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 611 stocks searched, or 3.1%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

I found 10 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 19 bullish chart patterns this week and 3 bearish ones with any remaining (3) being undecided. The ratio of bullish to bearish patterns suggests the market is bullish.

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
AXDXPipe bottom      04/10/201704/17/2017Medical Services
AEISChannel      04/29/201604/27/2017Semiconductor
AEEDiamond top      04/10/201704/27/2017Electric Utility (Central)
AONRising wedge      03/17/201704/27/2017Insurance (Diversified)
ARCBPipe bottom      04/10/201704/17/2017Trucking/Transp. Leasing
CVXChannel      12/12/201604/27/2017Petroleum (Integrated)
CONNFlag, high and tight      03/14/201704/26/2017Retail (Special Lines)
CSODPipe bottom      04/10/201704/17/2017E-Commerce
^DJUTriangle, ascending      03/09/201704/24/2017None
BGCPipe bottom      04/10/201704/17/2017Computers and Peripherals
GNWRectangle top      02/16/201704/27/2017Insurance (Life)
GFFPipe bottom      04/10/201704/17/2017Building Materials
HSYRectangle top      02/09/201704/27/2017Food Processing
IPGBroadening top, right-angled and ascending      03/21/201704/21/2017Advertising
IVCBroadening top, right-angled and descending      02/14/201704/24/2017Medical Supplies
NKETriangle, symmetrical      03/22/201704/27/2017Shoe
NWPXPipe bottom      04/10/201704/17/2017Building Materials
OLNPipe bottom      04/10/201704/17/2017Chemical (Basic)
OTEXRectangle top      01/25/201704/27/2017E-Commerce
PDLIRectangle bottom      12/02/201604/27/2017Biotechnology
PCLNTriangle, symmetrical      03/27/201704/21/2017Internet
ROKPipe bottom      04/10/201704/17/2017Diversified Co.
TPXPipe bottom      04/10/201704/17/2017Furn/Home Furnishings
XLBroadening top      03/06/201704/21/2017Insurance (Diversified)
ZBRAPipe bottom      04/10/201704/17/2017Computers and Peripherals
EWWBroadening top      03/30/201704/26/2017Investment Co. (Foreign)
PBEHead-and-shoulders bottom      03/27/201704/21/2017Biotechnology
XLUTriangle, ascending      03/09/201704/27/2017Electric Utility (Central)
BBHTriangle, symmetrical      03/27/201704/21/2017Biotechnology

 

Weekly screen for chart patterns ending between 04/20/2017 and 04/27/2017. 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.
 
Accelerate Diagnostics Inc (AXDX)
Industry: Medical Services
Industry RS rank: 12 out of 56
Stock RS rank: 139 out of 603
4/27/17 close: $26.75
1 Month avg volatility: $0.95. Volatility stop (for upward breakout): $24.70 or 7.7% below the close.
Change YTD: 28.92%
Volume: 254,600 shares. 3 month avg: 265,442 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 bottom reversal pattern from 04/10/2017 to 04/17/2017
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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Advanced Energy (AEIS)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 5 out of 56
Stock RS rank: 16 out of 603
4/27/17 close: $75.04
1 Month avg volatility: $1.49. Volatility stop (for upward breakout): $70.27 or 6.4% below the close.
Change YTD: 37.06%
Volume: 616,300 shares. 3 month avg: 435,720 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: Channel from 04/29/2016 to 04/27/2017

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Ameren (AEE)
Industry: Electric Utility (Central)
Industry RS rank: 38 out of 56
Stock RS rank: 318 out of 603
4/27/17 close: $55.03
1 Month avg volatility: $0.65. Volatility stop (for downward breakout): $56.69 or 3.0% above the close.
Change YTD: 4.90%
Volume: 1,245,500 shares. 3 month avg: 1,524,529 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: Diamond top reversal pattern from 04/10/2017 to 04/27/2017
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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Aon Corp (AON)
Industry: Insurance (Diversified)
Industry RS rank: 20 out of 56
Stock RS rank: 343 out of 603
4/27/17 close: $120.14
1 Month avg volatility: $1.28. Volatility stop (for downward breakout): $123.13 or 2.5% above the close.
Change YTD: 7.72%
Volume: 847,800 shares. 3 month avg: 1,021,200 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: Rising wedge reversal pattern from 03/17/2017 to 04/27/2017
Breakout is downward 69% of the time.
Average decline: 14%.
Break-even failure rate: 24%.
Pullbacks occur 63% of the time.
Price hits measure rule target 46% of the time.

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ArcBest Corp (ARCB)
Industry: Trucking/Transp. Leasing
Industry RS rank: 21 out of 56
Stock RS rank: 61 out of 603
4/27/17 close: $27.25
1 Month avg volatility: $0.85. Volatility stop (for upward breakout): $25.01 or 8.2% below the close.
Change YTD: -1.45%
Volume: 145,700 shares. 3 month avg: 197,242 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 04/10/2017 to 04/17/2017
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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Chevron Corp (CVX)
Industry: Petroleum (Integrated)
Industry RS rank: 50 out of 56
Stock RS rank: 436 out of 603
4/27/17 close: $105.47
1 Month avg volatility: $1.39. Volatility stop (for upward breakout): $101.88 or 3.4% below the close.
Change YTD: -10.39%
Volume: 5,756,100 shares. 3 month avg: 6,510,606 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: Channel from 12/12/2016 to 04/27/2017

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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: 41 out of 56
Stock RS rank: 7 out of 603
4/27/17 close: $17.00
1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $15.02 or 11.6% below the close.
Change YTD: 34.39%
Volume: 1,052,900 shares. 3 month avg: 627,520 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 03/14/2017 to 04/26/2017
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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Cornerstone OnDemand Inc (CSOD)
Industry: E-Commerce
Industry RS rank: 37 out of 56
Stock RS rank: 507 out of 603
4/27/17 close: $39.05
1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $36.70 or 6.0% below the close.
Change YTD: -7.71%
Volume: 460,200 shares. 3 month avg: 596,254 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 04/10/2017 to 04/17/2017
WARNING: A dead-cat bounce occurred on 11/04/2016. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/05/2017.
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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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank is unavailable.
4/27/17 close: $707.58
1 Month avg volatility: $5.95. Volatility stop (for upward breakout): $693.08 or 2.1% below the close.
Change YTD: 7.27%
Volume: 47,647,200 shares. 3 month avg: 45,166,222 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: Triangle, ascending reversal pattern from 03/09/2017 to 04/24/2017
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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General Cable (BGC)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 10 out of 56
Stock RS rank: 86 out of 603
4/27/17 close: $18.70
1 Month avg volatility: $0.69. Volatility stop (for upward breakout): $17.13 or 8.4% below the close.
Change YTD: -1.84%
Volume: 353,500 shares. 3 month avg: 552,568 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 04/10/2017 to 04/17/2017
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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Genworth Financial Inc (GNW)
Industry: Insurance (Life)
Industry RS rank: 11 out of 56
Stock RS rank: 533 out of 603
4/27/17 close: $4.10
1 Month avg volatility: $0.12. Volatility stop (for upward breakout): $3.83 or 6.6% below the close.
Change YTD: 7.61%
Volume: 2,022,900 shares. 3 month avg: 8,155,694 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: Rectangle top continuation pattern from 02/16/2017 to 04/27/2017
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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Griffon Corp (GFF)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 4 out of 56
Stock RS rank: 28 out of 603
4/27/17 close: $24.75
1 Month avg volatility: $0.54. Volatility stop (for upward breakout): $23.42 or 5.4% below the close.
Change YTD: -5.53%
Volume: 104,300 shares. 3 month avg: 133,418 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: Pipe bottom reversal pattern from 04/10/2017 to 04/17/2017
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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Hershey Company, The (HSY)
Industry: Food Processing
Industry RS rank: 45 out of 56
Stock RS rank: 328 out of 603
4/27/17 close: $107.38
1 Month avg volatility: $1.18. Volatility stop (for upward breakout): $104.88 or 2.3% below the close.
Change YTD: 3.82%
Volume: 897,500 shares. 3 month avg: 1,058,183 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 02/09/2017 to 04/27/2017
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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Interpublic Group of Companies (IPG)
Industry: Advertising
Industry RS rank: 42 out of 56
Stock RS rank: 374 out of 603
4/27/17 close: $24.12
1 Month avg volatility: $0.38. Volatility stop (for downward breakout): $25.12 or 4.1% above the close.
Change YTD: 3.03%
Volume: 5,804,700 shares. 3 month avg: 4,323,217 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: Broadening top, right-angled and ascending reversal pattern from 03/21/2017 to 04/21/2017
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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Invacare Corp. (IVC)
Industry: Medical Supplies
Industry RS rank: 16 out of 56
Stock RS rank: 87 out of 603
4/27/17 close: $13.25
1 Month avg volatility: $0.48. Volatility stop (for upward breakout): $11.99 or 9.5% below the close.
Change YTD: 1.53%
Volume: 303,300 shares. 3 month avg: 259,912 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: Broadening top, right-angled and descending continuation pattern from 02/14/2017 to 04/24/2017
Breakout is upward 51% of the time.
Average rise: 28%.
Break-even failure rate: 19%.
Throwbacks occur 52% of the time.
Price hits measure rule target 63% of the time.

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Nike Inc (NKE)
Industry: Shoe
Industry RS rank: 34 out of 56
Stock RS rank: 398 out of 603
4/27/17 close: $55.47
1 Month avg volatility: $0.71. Volatility stop (for upward breakout): $53.49 or 3.6% below the close.
Change YTD: 9.13%
Volume: 8,531,200 shares. 3 month avg: 9,246,168 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: Triangle, symmetrical continuation pattern from 03/22/2017 to 04/27/2017
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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Northwest Pipe Co (NWPX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 4 out of 56
Stock RS rank: 420 out of 603
4/27/17 close: $14.29
1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $12.71 or 11.1% below the close.
Change YTD: -17.02%
Volume: 51,100 shares. 3 month avg: 67,598 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: Pipe bottom reversal pattern from 04/10/2017 to 04/17/2017
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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Olin Corp. (OLN)
Industry: Chemical (Basic)
Industry RS rank: 8 out of 56
Stock RS rank: 27 out of 603
4/27/17 close: $32.58
1 Month avg volatility: $0.82. Volatility stop (for upward breakout): $30.91 or 5.1% below the close.
Change YTD: 27.22%
Volume: 2,234,500 shares. 3 month avg: 2,513,702 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 bottom reversal pattern from 04/10/2017 to 04/17/2017
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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Open Text Corp (OTEX)
Industry: E-Commerce
Industry RS rank: 37 out of 56
Stock RS rank: 337 out of 603
4/27/17 close: $34.58
1 Month avg volatility: $0.43. Volatility stop (for upward breakout): $33.49 or 3.2% below the close.
Change YTD: 11.89%
Volume: 369,400 shares. 3 month avg: 512,078 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 01/25/2017 to 04/27/2017
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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PDL BioPharma Inc (PDLI)
Industry: Biotechnology
Industry RS rank: 35 out of 56
Stock RS rank: 597 out of 603
4/27/17 close: $2.28
1 Month avg volatility: $0.09. Volatility stop (for downward breakout): $2.53 or 11.0% above the close.
Change YTD: 7.55%
Volume: 1,825,000 shares. 3 month avg: 1,845,766 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: Rectangle bottom continuation pattern from 12/02/2016 to 04/27/2017
Breakout is downward 55% of the time.
Average decline: 14%.
Break-even failure rate: 16%.
Pullbacks occur 69% of the time.
Price hits measure rule target 50% of the time.

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Priceline.com (PCLN)
Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 24 out of 56
Stock RS rank: 137 out of 603
4/27/17 close: $1,835.87
1 Month avg volatility: $20.02. Volatility stop (for upward breakout): $1,760.24 or 4.1% below the close.
Change YTD: 25.22%
Volume: 418,700 shares. 3 month avg: 407,586 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: Triangle, symmetrical continuation pattern from 03/27/2017 to 04/21/2017
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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Rockwell Automation Inc (ROK)
Industry: Diversified Co.
Industry RS rank: 15 out of 56
Stock RS rank: 82 out of 603
4/27/17 close: $159.27
1 Month avg volatility: $2.79. Volatility stop (for upward breakout): $153.16 or 3.8% below the close.
Change YTD: 18.50%
Volume: 1,151,100 shares. 3 month avg: 1,119,860 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 bottom reversal pattern from 04/10/2017 to 04/17/2017
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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Tempur-pedic Intl (TPX)
Industry: Furn/Home Furnishings
Industry RS rank: 52 out of 56
Stock RS rank: 530 out of 603
4/27/17 close: $47.24
1 Month avg volatility: $1.38. Volatility stop (for upward breakout): $43.77 or 7.3% below the close.
Change YTD: -30.81%
Volume: 805,100 shares. 3 month avg: 2,040,292 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 04/10/2017 to 04/17/2017
WARNING: A dead-cat bounce occurred on 01/30/2017. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/01/2017 and a 38% chance by 07/31/2017.
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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XL Group (XL)
Industry: Insurance (Diversified)
Industry RS rank: 20 out of 56
Stock RS rank: 111 out of 603
4/27/17 close: $42.91
1 Month avg volatility: $0.55. Volatility stop (for downward breakout): $44.61 or 4.0% above the close.
Change YTD: 15.16%
Volume: 2,370,700 shares. 3 month avg: 1,595,055 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: Broadening top reversal pattern from 03/06/2017 to 04/21/2017
Breakout is downward 50% of the time.
Average decline: 15%.
Break-even failure rate: 18%.
Pullbacks occur 48% of the time.
Price hits measure rule target 37% of the time.

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Zebra Technologies Corp (ZBRA)
Industry: Computers and Peripherals
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 10 out of 56
Stock RS rank: 45 out of 603
4/27/17 close: $94.16
1 Month avg volatility: $1.94. Volatility stop (for upward breakout): $89.49 or 5.0% below the close.
Change YTD: 9.79%
Volume: 291,900 shares. 3 month avg: 317,540 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: Pipe bottom reversal pattern from 04/10/2017 to 04/17/2017
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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MSCI Mexico Investable Mkt idx (EWW)
Industry: Investment Co. (Foreign)
Industry RS rank: 43 out of 56
Stock RS rank: 472 out of 603
4/27/17 close: $51.44
1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $52.90 or 2.9% above the close.
Change YTD: 16.99%
Volume: 3,252,400 shares. 3 month avg: 3,562,214 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: Broadening top reversal pattern from 03/30/2017 to 04/26/2017
Breakout is downward 50% of the time.
Average decline: 15%.
Break-even failure rate: 18%.
Pullbacks occur 48% of the time.
Price hits measure rule target 37% of the time.

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PowerShares Dynamic Biotech and Genome (PBE)
Industry: Biotechnology
Industry RS rank: 35 out of 56
Stock RS rank: 316 out of 603
4/27/17 close: $43.01
1 Month avg volatility: $0.52. Volatility stop (for upward breakout): $41.63 or 3.2% below the close.
Change YTD: 10.82%
Volume: 154,100 shares. 3 month avg: 24,935 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: Head-and-shoulders bottom reversal pattern from 03/27/2017 to 04/21/2017
Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

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SPDR Utilities Select Sector (XLU)
Industry: Electric Utility (Central)
Industry RS rank: 38 out of 56
Stock RS rank: 397 out of 603
4/27/17 close: $51.95
1 Month avg volatility: $0.45. Volatility stop (for upward breakout): $50.81 or 2.2% below the close.
Change YTD: 6.96%
Volume: 9,420,400 shares. 3 month avg: 13,735,714 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: Triangle, ascending reversal pattern from 03/09/2017 to 04/27/2017
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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VanEck Vectors Biotech (BBH)
Industry: Biotechnology
Industry RS rank: 35 out of 56
Stock RS rank: 277 out of 603
4/27/17 close: $121.24
1 Month avg volatility: $1.06. Volatility stop (for upward breakout): $117.90 or 2.8% below the close.
Change YTD: 12.71%
Volume: 37,100 shares. 3 month avg: 47,891 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: Triangle, symmetrical continuation pattern from 03/27/2017 to 04/21/2017
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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