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Written and copyright © 2010 by Thomas N. Bulkowski. All rights reserved.
Friday 9/3/10. Pattern Trading Setups for the Weekend.
Go to Table.The following message is computer generated and not a comment by Mr. Bulkowski.
There were 29 chart patterns found this week (excluding pipe bottoms) out of 677 stocks searched, or 4.3%. Based only on the percentage of chart patterns found, the general market (not necessarily the indexes) is
trending since few consolidation patterns (chart patterns) appear.
Strongly trending markets (straight-line runs with little overlap from price bar to bar) dampen the appearance of chart patterns.
I found 5 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 24 bullish chart patterns this week and 7 bearish ones with any remaining (1) being undecided.
Based on the comparison of bullish to bearish patterns only, the market is hinting of a coming bullish (up) turn.
If a high and tight flag appears in the list, the start and end dates highlight the flagpole only and not the flag.
The following tips may help. - Look for patterns with unusual breakout directions, such as an ascending triangle with a downward breakout. The unusual breakout direction can suggest a strong run.
- Busted patterns, where price breaks out in one direction, turns around and then breaks out in the opposite direction can lead to powerful moves.
- Throwbacks and pullbacks occur about half the time, so be prepared for a retrace after the breakout.
- Look for underlying support and overhead resistance to help gauge how far price will move after the breakout.
More... Good luck. -- Thomas Bulkowski
| Symbol | Chart Pattern | Start | End | Industry | | AYI | Head-and-shoulders bottom | 08/12/2010 | 08/31/2010 | Furn/Home Furnishings |
| AXS | Triangle, symmetrical | 06/21/2010 | 08/31/2010 | Insurance (Prop/Casualty) |
| CLX | Triangle, symmetrical | 08/12/2010 | 08/31/2010 | Household Products |
| DPL | Triangle, descending | 07/16/2010 | 08/26/2010 | Electric Utility (Central) |
| DRQ | Triangle, symmetrical | 07/28/2010 | 08/26/2010 | Oilfield Svcs/Equipment |
| FFIV | Triangle, symmetrical | 08/10/2010 | 08/31/2010 | Internet |
| FO | Pipe bottom | 08/16/2010 | 08/23/2010 | Diversified Co. |
| GD | Broadening bottom | 07/01/2010 | 08/27/2010 | Aerospace/Defense |
| JCG | Triangle, descending | 07/19/2010 | 08/26/2010 | Retail (Special Lines) |
| JCP | Big W | 08/16/2010 | 08/31/2010 | Retail Store |
| JNJ | Triangle, symmetrical | 07/30/2010 | 08/26/2010 | Medical Supplies |
| LEN | Pipe bottom | 08/16/2010 | 08/23/2010 | Homebuilding |
| LXK | Falling wedge | 07/29/2010 | 08/30/2010 | Computers and Peripherals |
| LIFE | Triangle, symmetrical | 08/09/2010 | 08/26/2010 | Biotechnology |
| LNC | Pipe bottom | 08/16/2010 | 08/23/2010 | Insurance (Life) |
| MAS | Triangle, descending | 07/26/2010 | 08/26/2010 | Building Materials |
| MW | Triangle, descending | 07/20/2010 | 08/26/2010 | Retail (Special Lines) |
| NI | Broadening top, right-angled and ascending | 07/27/2010 | 08/27/2010 | Electric Utility (Central) |
| NBL | Broadening top | 08/05/2010 | 08/31/2010 | Petroleum (Producing) |
| PRE | Triangle, ascending | 06/21/2010 | 08/26/2010 | Insurance (Prop/Casualty) |
| PTEN | Pipe bottom | 08/16/2010 | 08/23/2010 | Oilfield Svcs/Equipment |
| PNW | Triangle, ascending | 07/27/2010 | 08/26/2010 | Electric Utility (West) |
| PG | Triangle, descending | 08/06/2010 | 08/31/2010 | Household Products |
| QCOM | Triangle, symmetrical | 08/16/2010 | 08/31/2010 | Telecom. Equipment |
| RHI | Double Bottom, Adam and Adam | 08/24/2010 | 08/31/2010 | Human Resources |
| SHLM | Pipe bottom | 08/16/2010 | 08/23/2010 | Chemical (Specialty) |
| SMG | Head-and-shoulders top | 08/02/2010 | 08/30/2010 | Chemical (Basic) |
| SOLF | Triangle, symmetrical | 07/30/2010 | 08/26/2010 | Alternate Energy |
| TRV | Triangle, symmetrical | 06/08/2010 | 08/26/2010 | Insurance (Prop/Casualty) |
| UIL | Broadening wedge, descending | 07/27/2010 | 08/30/2010 | Electric Utility (East) |
| USG | Broadening bottom | 07/30/2010 | 08/26/2010 | Building Materials |
| YGE | Horn bottom | 08/09/2010 | 08/23/2010 | Alternate Energy |
| RTH | Falling wedge | 07/30/2010 | 08/31/2010 | Retail Store |
| DBA | Triangle, symmetrical | 08/05/2010 | 08/31/2010 | Investment Co. (Domestic) |
Weekly screen for chart patterns ending between 08/25/2010 and 09/02/2010. Here are the chart patterns that appeared within the last week, many are unconfirmed (still in development and may not be valid). 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.
Acuity Brands, Inc (AYI)
Industry: Furn/Home Furnishings
Industry RS rank: 34 out of 51
Stock RS rank: 254 out of 669
Latest close as of 09/02/2010: $41.04
1 Month average volatility: $1.18. Volatility based stop (assuming an upward breakout): $37.20 or 9.4% below the close.
Change year to date: 15.15%
Volume: 540,800 shares
3 month average volume: 713,546 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Thursday, and the most up closes is Tuesday.
Chart pattern: Head-and-shoulders bottom reversal pattern from 08/12/2010 to 08/31/2010
Performance rank: 7 out of 23. Breakout is upward 100% of the time. Average rise: 38%. Break-even failure rate: 3%. Throwbacks occur 45% of the time. Price meets the measure rule target 74% of the time.
Axis Capital Holdings Ltd (AXS)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 16 out of 51
Stock RS rank: 228 out of 669
Latest close as of 09/02/2010: $31.96
1 Month average volatility: $0.52. Volatility based stop (assuming an upward breakout): $30.76 or 3.8% below the close.
Change year to date: 12.50%
Volume: 650,400 shares
3 month average volume: 962,497 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Wednesday.
Chart pattern: Triangle, symmetrical continuation pattern from 06/21/2010 to 08/31/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Clorox Co, The (CLX)
Industry: Household Products
Industry RS rank: 18 out of 51
Stock RS rank: 145 out of 669
Latest close as of 09/02/2010: $65.85
1 Month average volatility: $0.71. Volatility based stop (assuming an upward breakout): $63.90 or 3.0% below the close.
Change year to date: 7.95%
Volume: 914,800 shares
3 month average volume: 1,112,543 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Triangle, symmetrical continuation pattern from 08/12/2010 to 08/31/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
DPL Inc. (DPL)
Industry: Electric Utility (Central)
Industry RS rank: 4 out of 51
Stock RS rank: 362 out of 669
Latest close as of 09/02/2010: $25.86
1 Month average volatility: $0.41. Volatility based stop (assuming a downward breakout): $26.89 or 4.0% above the close.
Change year to date: -6.30%
Volume: 1,151,200 shares
3 month average volume: 928,671 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Wednesday, and the most up closes is Monday.
Chart pattern: Triangle, descending reversal pattern from 07/16/2010 to 08/26/2010
Performance rank: 10 out of 21. Breakout is downward 64% of the time. Average decline: 16%. Break-even failure rate: 16%. Pullbacks occur 54% of the time. Price meets the measure rule target 54% of the time.
Dril-Quip Inc (DRQ)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 47 out of 51
Stock RS rank: 384 out of 669
Latest close as of 09/02/2010: $54.95
1 Month average volatility: $1.58. Volatility based stop (assuming an upward breakout): $50.84 or 7.5% below the close.
Change year to date: -2.71%
Volume: 403,900 shares
3 month average volume: 577,555 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Wednesday, and the most up closes is Monday.
Chart pattern: Triangle, symmetrical continuation pattern from 07/28/2010 to 08/26/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
F5 Networks, Inc. (FFIV)
Industry: Internet
Industry RS rank: 12 out of 51
Stock RS rank: 14 out of 669
Latest close as of 09/02/2010: $91.11
1 Month average volatility: $2.81. Volatility based stop (assuming an upward breakout): $84.21 or 7.6% below the close.
Change year to date: 72.00%
Volume: 1,612,500 shares
3 month average volume: 1,681,638 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Triangle, symmetrical continuation pattern from 08/10/2010 to 08/31/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Fortune Brands Inc (FO)
Industry: Diversified Co.
Industry RS rank: 32 out of 51
Stock RS rank: 188 out of 669
Latest close as of 09/02/2010: $47.12
1 Month average volatility: $0.90. Volatility based stop (assuming an upward breakout): $44.64 or 5.3% below the close.
Change year to date: 9.07%
Volume: 1,729,500 shares
3 month average volume: 1,388,049 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Pipe bottom reversal pattern from 08/16/2010 to 08/23/2010
Performance rank: 2 out of 23. Breakout is upward 100% of the time. Average rise: 45%. Break-even failure rate: 5%. Throwbacks occur 44% of the time. Price meets the measure rule target 83% of the time.
General Dynamics Corp (GD)
Industry: Aerospace/Defense
Industry RS rank: 37 out of 51
Stock RS rank: 560 out of 669
Latest close as of 09/02/2010: $58.95
1 Month average volatility: $1.18. Volatility based stop (assuming an upward breakout): $55.46 or 5.9% below the close.
Change year to date: -13.53%
Volume: 2,034,700 shares
3 month average volume: 2,388,606 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Thursday.
Chart pattern: Broadening bottom reversal pattern from 07/01/2010 to 08/27/2010
Performance rank: 17 out of 23. Breakout is upward 53% of the time. Average rise: 27%. Break-even failure rate: 10%. Throwbacks occur 41% of the time. Price meets the measure rule target 59% of the time.
J. Crew Group, Inc (JCG)
Industry: Retail (Special Lines)
Industry RS rank: 31 out of 51
Stock RS rank: 579 out of 669
Latest close as of 09/02/2010: $33.24
1 Month average volatility: $1.24. Volatility based stop (assuming a downward breakout): $35.85 or 7.9% above the close.
Change year to date: -25.70%
Volume: 2,709,600 shares
3 month average volume: 2,195,268 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Thursday.
Chart pattern: Triangle, descending reversal pattern from 07/19/2010 to 08/26/2010
Performance rank: 10 out of 21. Breakout is downward 64% of the time. Average decline: 16%. Break-even failure rate: 16%. Pullbacks occur 54% of the time. Price meets the measure rule target 54% of the time.
JC Penney Company Inc (JCP)
Industry: Retail Store
Industry RS rank: 27 out of 51
Stock RS rank: 601 out of 669
Latest close as of 09/02/2010: $21.41
1 Month average volatility: $0.72. Volatility based stop (assuming an upward breakout): $19.60 or 8.5% below the close.
Change year to date: -19.54%
Volume: 5,457,100 shares
3 month average volume: 7,203,877 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Friday.
Chart pattern: Big W reversal pattern from 08/16/2010 to 08/31/2010
Breakout is upward 71% of the time. Average rise: 31%. Break-even failure rate: 11%. Throwbacks occur 32% of the time. Price meets the measure rule target 42% of the time.
Johnson and Johnson (JNJ)
Industry: Medical Supplies
Industry RS rank: 46 out of 51
Stock RS rank: 429 out of 669
Latest close as of 09/02/2010: $58.61
1 Month average volatility: $0.63. Volatility based stop (assuming an upward breakout): $57.03 or 2.7% below the close.
Change year to date: -9.00%
Volume: 8,079,600 shares
3 month average volume: 13,931,997 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Monday.
Chart pattern: Triangle, symmetrical continuation pattern from 07/30/2010 to 08/26/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Lennar Corp. Cl A (LEN)
Industry: Homebuilding
Industry RS rank: 51 out of 51
Stock RS rank: 544 out of 669
Latest close as of 09/02/2010: $13.98
1 Month average volatility: $0.48. Volatility based stop (assuming an upward breakout): $12.68 or 9.3% below the close.
Change year to date: 9.48%
Volume: 3,127,900 shares
3 month average volume: 5,484,200 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Pipe bottom reversal pattern from 08/16/2010 to 08/23/2010
Performance rank: 2 out of 23. Breakout is upward 100% of the time. Average rise: 45%. Break-even failure rate: 5%. Throwbacks occur 44% of the time. Price meets the measure rule target 83% of the time.
Lexmark International Inc. (LXK)
Industry: Computers and Peripherals
Industry RS rank: 1 out of 51
Stock RS rank: 116 out of 669
Latest close as of 09/02/2010: $37.22
1 Month average volatility: $0.97. Volatility based stop (assuming an upward breakout): $34.37 or 7.7% below the close.
Change year to date: 43.26%
Volume: 900,400 shares
3 month average volume: 2,005,731 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Thursday, and the most up closes is Wednesday.
Chart pattern: Falling wedge from 07/29/2010 to 08/30/2010
Performance rank: 20 out of 23. Breakout is upward 68% of the time. Average rise: 32%. Break-even failure rate: 11%. Throwbacks occur 56% of the time. Price meets the measure rule target 70% of the time.
Life Technologies Corp (LIFE)
Industry: Biotechnology
Industry RS rank: 40 out of 51
Stock RS rank: 515 out of 669
Latest close as of 09/02/2010: $44.99
1 Month average volatility: $1.00. Volatility based stop (assuming an upward breakout): $42.31 or 6.0% below the close.
Change year to date: -13.85%
Volume: 1,162,700 shares
3 month average volume: 2,258,440 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Thursday.
Chart pattern: Triangle, symmetrical continuation pattern from 08/09/2010 to 08/26/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Lincoln National Corp (LNC)
Industry: Insurance (Life)
Industry RS rank: 28 out of 51
Stock RS rank: 363 out of 669
Latest close as of 09/02/2010: $25.00
1 Month average volatility: $0.81. Volatility based stop (assuming an upward breakout): $22.81 or 8.8% below the close.
Change year to date: 0.48%
Volume: 4,434,400 shares
3 month average volume: 5,554,255 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Pipe bottom reversal pattern from 08/16/2010 to 08/23/2010
Performance rank: 2 out of 23. Breakout is upward 100% of the time. Average rise: 45%. Break-even failure rate: 5%. Throwbacks occur 44% of the time. Price meets the measure rule target 83% of the time.
Masco Corp. (MAS)
Industry: Building Materials
Industry RS rank: 36 out of 51
Stock RS rank: 571 out of 669
Latest close as of 09/02/2010: $11.31
1 Month average volatility: $0.35. Volatility based stop (assuming a downward breakout): $12.17 or 7.6% above the close.
Change year to date: -18.10%
Volume: 2,921,700 shares
3 month average volume: 6,095,126 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Triangle, descending reversal pattern from 07/26/2010 to 08/26/2010
Performance rank: 10 out of 21. Breakout is downward 64% of the time. Average decline: 16%. Break-even failure rate: 16%. Pullbacks occur 54% of the time. Price meets the measure rule target 54% of the time.
Mens Warehouse (MW)
Industry: Retail (Special Lines)
Industry RS rank: 31 out of 51
Stock RS rank: 505 out of 669
Latest close as of 09/02/2010: $20.27
1 Month average volatility: $0.80. Volatility based stop (assuming a downward breakout): $22.24 or 9.7% above the close.
Change year to date: -3.75%
Volume: 1,413,900 shares
3 month average volume: 1,009,042 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Wednesday.
Chart pattern: Triangle, descending reversal pattern from 07/20/2010 to 08/26/2010
Performance rank: 10 out of 21. Breakout is downward 64% of the time. Average decline: 16%. Break-even failure rate: 16%. Pullbacks occur 54% of the time. Price meets the measure rule target 54% of the time.
Nisource Inc. (NI)
Industry: Electric Utility (Central)
Industry RS rank: 4 out of 51
Stock RS rank: 58 out of 669
Latest close as of 09/02/2010: $17.67
1 Month average volatility: $0.31. Volatility based stop (assuming a downward breakout): $18.37 or 4.0% above the close.
Change year to date: 14.89%
Volume: 1,827,900 shares
3 month average volume: 3,019,125 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Wednesday, and the most up closes is Monday.
Chart pattern: Broadening top, right-angled and ascending reversal pattern from 07/27/2010 to 08/27/2010
Performance rank: 19 out of 21. Breakout is downward 66% of the time. Average decline: 15%. Break-even failure rate: 20%. Pullbacks occur 65% of the time. Price meets the measure rule target 32% of the time.
Noble Energy Inc. (NBL)
Industry: Petroleum (Producing)
Industry RS rank: 44 out of 51
Stock RS rank: 269 out of 669
Latest close as of 09/02/2010: $72.67
1 Month average volatility: $1.65. Volatility based stop (assuming a downward breakout): $76.07 or 4.7% above the close.
Change year to date: 2.04%
Volume: 1,803,200 shares
3 month average volume: 1,940,534 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Broadening top reversal pattern from 08/05/2010 to 08/31/2010
Performance rank: 18 out of 21. Breakout is downward 50% of the time. Average decline: 15%. Break-even failure rate: 18%. Pullbacks occur 48% of the time. Price meets the measure rule target 37% of the time.
PartnerRe Ltd (PRE)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 16 out of 51
Stock RS rank: 327 out of 669
Latest close as of 09/02/2010: $76.32
1 Month average volatility: $1.00. Volatility based stop (assuming an upward breakout): $73.71 or 3.4% below the close.
Change year to date: 2.22%
Volume: 352,000 shares
3 month average volume: 472,249 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Wednesday.
Chart pattern: Triangle, ascending reversal pattern from 06/21/2010 to 08/26/2010
Performance rank: 17 out of 23. Breakout is upward 70% of the time. Average rise: 35%. Break-even failure rate: 13%. Throwbacks occur 57% of the time. Price meets the measure rule target 75% of the time.
Patterson-UTI Energy Inc. (PTEN)
Industry: Oilfield Svcs/Equipment
Industry RS rank: 47 out of 51
Stock RS rank: 276 out of 669
Latest close as of 09/02/2010: $15.49
1 Month average volatility: $0.47. Volatility based stop (assuming an upward breakout): $14.22 or 8.2% below the close.
Change year to date: 0.91%
Volume: 3,286,600 shares
3 month average volume: 5,697,575 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Pipe bottom reversal pattern from 08/16/2010 to 08/23/2010
Performance rank: 2 out of 23. Breakout is upward 100% of the time. Average rise: 45%. Break-even failure rate: 5%. Throwbacks occur 44% of the time. Price meets the measure rule target 83% of the time.
Pinnacle West Capital Corp (PNW)
Industry: Electric Utility (West)
Industry RS rank: 2 out of 51
Stock RS rank: 130 out of 669
Latest close as of 09/02/2010: $40.76
1 Month average volatility: $0.66. Volatility based stop (assuming an upward breakout): $39.13 or 4.0% below the close.
Change year to date: 11.43%
Volume: 1,035,500 shares
3 month average volume: 1,128,320 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Triangle, ascending reversal pattern from 07/27/2010 to 08/26/2010
Performance rank: 17 out of 23. Breakout is upward 70% of the time. Average rise: 35%. Break-even failure rate: 13%. Throwbacks occur 57% of the time. Price meets the measure rule target 75% of the time.
Procter and Gamble Co (PG)
Industry: Household Products
Industry RS rank: 18 out of 51
Stock RS rank: 381 out of 669
Latest close as of 09/02/2010: $60.07
1 Month average volatility: $0.75. Volatility based stop (assuming a downward breakout): $61.81 or 2.9% above the close.
Change year to date: -0.92%
Volume: 10,257,600 shares
3 month average volume: 13,489,286 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Triangle, descending reversal pattern from 08/06/2010 to 08/31/2010
Performance rank: 10 out of 21. Breakout is downward 64% of the time. Average decline: 16%. Break-even failure rate: 16%. Pullbacks occur 54% of the time. Price meets the measure rule target 54% of the time.
Qualcomm Inc. (QCOM)
Industry: Telecom. Equipment
Industry RS rank: 26 out of 51
Stock RS rank: 209 out of 669
Latest close as of 09/02/2010: $40.02
1 Month average volatility: $0.92. Volatility based stop (assuming an upward breakout): $37.62 or 6.0% below the close.
Change year to date: -13.49%
Volume: 12,671,400 shares
3 month average volume: 19,574,680 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Thursday.
Chart pattern: Triangle, symmetrical continuation pattern from 08/16/2010 to 08/31/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Robert Half International (RHI)
Industry: Human Resources
Industry RS rank: 43 out of 51
Stock RS rank: 569 out of 669
Latest close as of 09/02/2010: $22.99
1 Month average volatility: $0.65. Volatility based stop (assuming an upward breakout): $21.22 or 7.7% below the close.
Change year to date: -13.99%
Volume: 833,100 shares
3 month average volume: 1,718,415 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Thursday.
Chart pattern: Double Bottom, Adam and Adam reversal pattern from 08/24/2010 to 08/31/2010
Performance rank: 10 out of 23. Breakout is upward 100% of the time. Average rise: 35%. Break-even failure rate: 5%. Throwbacks occur 64% of the time. Price meets the measure rule target 66% of the time.
Schulman, A. (SHLM)
Industry: Chemical (Specialty)
Industry RS rank: 8 out of 51
Stock RS rank: 562 out of 669
Latest close as of 09/02/2010: $19.96
1 Month average volatility: $0.67. Volatility based stop (assuming an upward breakout): $17.72 or 11.2% below the close.
Change year to date: -1.09%
Volume: 341,900 shares
3 month average volume: 257,966 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Pipe bottom reversal pattern from 08/16/2010 to 08/23/2010
Performance rank: 2 out of 23. Breakout is upward 100% of the time. Average rise: 45%. Break-even failure rate: 5%. Throwbacks occur 44% of the time. Price meets the measure rule target 83% of the time.
Scotts Miracle-Gro Co. (SMG)
Industry: Chemical (Basic)
Industry RS rank: 13 out of 51
Stock RS rank: 45 out of 669
Latest close as of 09/02/2010: $48.78
1 Month average volatility: $1.18. Volatility based stop (assuming a downward breakout): $51.35 or 5.3% above the close.
Change year to date: 24.09%
Volume: 452,700 shares
3 month average volume: 511,228 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Tuesday, and the most up closes is Monday.
Chart pattern: Head-and-shoulders top reversal pattern from 08/02/2010 to 08/30/2010
Performance rank: 1 out of 21. Breakout is downward 100% of the time. Average decline: 22%. Break-even failure rate: 4%. Pullbacks occur 50% of the time. Price meets the measure rule target 55% of the time.
Solarfun Power Holdings Co. Ltd (China) (SOLF)
Industry: Alternate Energy
Industry RS rank: 9 out of 51
Stock RS rank: 5 out of 669
Latest close as of 09/02/2010: $11.68
1 Month average volatility: $0.54. Volatility based stop (assuming an upward breakout): $9.95 or 14.8% below the close.
Change year to date: 53.08%
Volume: 4,115,900 shares
3 month average volume: 2,302,329 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Triangle, symmetrical continuation pattern from 07/30/2010 to 08/26/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Travelers Companies Inc, The (TRV)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 16 out of 51
Stock RS rank: 380 out of 669
Latest close as of 09/02/2010: $50.22
1 Month average volatility: $0.76. Volatility based stop (assuming an upward breakout): $48.13 or 4.2% below the close.
Change year to date: 0.72%
Volume: 3,595,800 shares
3 month average volume: 4,728,540 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Wednesday.
Chart pattern: Triangle, symmetrical continuation pattern from 06/08/2010 to 08/26/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
UIL Holdings Corp (UIL)
Industry: Electric Utility (East)
Industry RS rank: 6 out of 51
Stock RS rank: 377 out of 669
Latest close as of 09/02/2010: $26.84
1 Month average volatility: $0.49. Volatility based stop (assuming an upward breakout): $25.64 or 4.5% below the close.
Change year to date: -4.42%
Volume: 131,200 shares
3 month average volume: 201,757 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Thursday.
Chart pattern: Broadening wedge, descending reversal pattern from 07/27/2010 to 08/30/2010
Performance rank: 12 out of 23. Breakout is upward 79% of the time. Average rise: 33%. Break-even failure rate: 6%. Throwbacks occur 53% of the time. Price meets the measure rule target 79% of the time.
USG Corp (USG)
Industry: Building Materials
Industry RS rank: 36 out of 51
Stock RS rank: 434 out of 669
Latest close as of 09/02/2010: $13.79
1 Month average volatility: $0.56. Volatility based stop (assuming an upward breakout): $11.62 or 15.7% below the close.
Change year to date: -1.85%
Volume: 2,399,900 shares
3 month average volume: 1,756,298 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Wednesday, and the most up closes is Monday.
Chart pattern: Broadening bottom reversal pattern from 07/30/2010 to 08/26/2010
Performance rank: 17 out of 23. Breakout is upward 53% of the time. Average rise: 27%. Break-even failure rate: 10%. Throwbacks occur 41% of the time. Price meets the measure rule target 59% of the time.
Yingli Green Energy Holding Co. Ltd (YGE)
Industry: Alternate Energy
Industry RS rank: 9 out of 51
Stock RS rank: 386 out of 669
Latest close as of 09/02/2010: $11.70
1 Month average volatility: $0.46. Volatility based stop (assuming an upward breakout): $10.59 or 9.5% below the close.
Change year to date: -26.00%
Volume: 2,252,100 shares
3 month average volume: 3,356,452 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Wednesday, and the most up closes is Friday.
Chart pattern: Horn bottom reversal pattern from 08/09/2010 to 08/23/2010
Performance rank: 14 out of 23. Breakout is upward 100% of the time. Average rise: 35%. Break-even failure rate: 9%. Throwbacks occur 29% of the time. Price meets the measure rule target 76% of the time.
HOLDR Retail (RTH)
Industry: Retail Store
Industry RS rank: 27 out of 51
Stock RS rank: 367 out of 669
Latest close as of 09/02/2010: $91.37
1 Month average volatility: $1.34. Volatility based stop (assuming an upward breakout): $87.31 or 4.5% below the close.
Change year to date: -1.98%
Volume: 3,017,000 shares
3 month average volume: 2,467,032 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Monday.
Chart pattern: Falling wedge from 07/30/2010 to 08/31/2010
Performance rank: 20 out of 23. Breakout is upward 68% of the time. Average rise: 32%. Break-even failure rate: 11%. Throwbacks occur 56% of the time. Price meets the measure rule target 70% of the time.
PowerShares DB Agriculture (DBA)
Industry: Investment Co. (Domestic)
Industry RS rank: 25 out of 51
Stock RS rank: 177 out of 669
Latest close as of 09/02/2010: $26.50
1 Month average volatility: $0.27. Volatility based stop (assuming an upward breakout): $25.82 or 2.6% below the close.
Change year to date: 0.23%
Volume: 679,800 shares
3 month average volume: 1,056,978 shares Based on up closes since the 2009 bear market ended, the day with fewest up closes is Friday, and the most up closes is Thursday.
Chart pattern: Triangle, symmetrical continuation pattern from 08/05/2010 to 08/31/2010
Performance rank: 16 out of 23. Breakout is upward 54% of the time. Average rise: 31%. Break-even failure rate: 9%. Throwbacks occur 37% of the time. Price meets the measure rule target 66% of the time.
Thursday 9/2/10. Chart Pattern Trading Quiz, Part 5
This ends the chart pattern trading quiz unless I decide to think up more questions...
True or False: Chart patterns in small cap stock outperform mid and large caps.
Market capitalization is the stock's price multiplied by the number of shares outstanding. I consider a small cap stock as having a value up to $1 billion. Large caps are over $5 billion
with mid caps between those two. Various rating services have their own boundaries which seem to grow as a bull market progresses.
I computed the rise or decline after the breakout from various chart patterns with the same result. Small cap stocks outperformed their mid and large cap brothers (or sisters). So, the
statement above is true.
True or false: Bullish chart patterns perform best within a third of the yearly low.
I separated chart patterns by where the breakout price occurs in the prior 12-month trading range, just to see if I could determine a performance difference. For bearish
patterns, the answer is false. They don't show much performance difference, but that's also not the question I asked. I mentioned bullish chart patterns. For those guys,
the answer is true. Bullish chart pattern tend to perform better if the breakout price is within a third of the yearly low.
Two Bonus Questions, each rhetorical: If I ask my neighbor to park his hummer on my back lawn, near the hummingbird feeder, will it attract more hummers?
If a hummingbird overdoses on sugar, how can you tell? 
-- Thomas Bulkowski
Wednesday 9/1/10. What's Hot Wednesday
Largest winners and losers over the past week, from the close on 08/24/2010 to 08/31/2010 and year to date.
Below are the top 10 stocks with the best performance during the past week out of 565 stocks.
Stocks from this list may suggest what stocks or industries will do well in the future.
Week
Change | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| 29.05% | $18.26 | 48.58% | Travelzoo Inc. (TZOO) | Internet | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 28.36% | $4.30 | -3.59% | Coldwater Creek Inc. (CWTR) | Apparel | Broadening bottom from 07/13/2010 to 08/25/2010 |
| 23.15% | $4.15 | 284.26% | Somaxon Pharmaceuticals (SOMX) | Biotechnology | Triangle, symmetrical from 06/25/2010 to 08/03/2010 |
| 19.17% | $5.72 | -7.44% | Hecla Mining Co. (HL) | Metals and Mining (Div.) | Head-and-shoulders bottom from 07/06/2010 to 07/28/2010 |
| 14.21% | $4.51 | -57.33% | Energy Conversion Devices, Inc. (ENER) | Alternate Energy | Rising wedge from 06/28/2010 to 08/03/2010 |
| 11.61% | $40.66 | 12.20% | Jo-Ann Stores Inc. Class A (JAS) | Retail (Special Lines) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 11.44% | $23.37 | -6.07% | Lincoln National Corp (LNC) | Insurance (Life) | Big W from 05/25/2010 to 06/08/2010 |
| 11.23% | $2.08 | -1.55% | Parlux Fragrances Inc. (PARL) | Toiletries/Cosmetics | Broadening bottom from 05/25/2010 to 06/25/2010 |
| 11.00% | $18.36 | 72.23% | Aruba Networks, Inc. (ARUN) | Computers and Peripherals | Triangle, symmetrical from 08/09/2010 to 08/25/2010 |
| 9.72% | $7.90 | 20.43% | Saks Inc (SKS) | Retail Store | Big W from 07/06/2010 to 07/20/2010 |
Below are the 10 worst performing stocks during the past week out of 565 stocks.
Stocks from this list suggest companies or industries that may be having difficulty and might be future short sale candidates.
Week
Change | Last
Close | YTD | Stock | Industry | Most Recent Chart Pattern |
| -17.81% | $10.52 | 6.59% | Brown Shoe Co Inc (BWS) | Shoe | Rectangle bottom from 07/06/2010 to 08/10/2010 |
| -13.76% | $4.36 | -25.43% | Conns Inc (CONN) | Retail (Special Lines) | Head-and-shoulders bottom from 07/21/2010 to 08/04/2010 |
| -13.70% | $32.32 | -23.59% | Guess Inc. (GES) | Apparel | Head-and-shoulders bottom from 06/08/2010 to 07/19/2010 |
| -11.84% | $7.00 | -67.85% | FormFactor Inc. (FORM) | Semiconductor | Big W from 07/06/2010 to 07/19/2010 |
| -8.74% | $9.19 | 11.39% | JDS Uniphase Corp (JDSU) | Telecom. Equipment | Pipe bottom from 06/28/2010 to 06/28/2010 |
| -8.56% | $3.42 | -10.94% | Hovnanian Enterprises Inc (HOV) | Homebuilding | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -8.52% | $6.46 | -38.84% | Micron Technology (MU) | Semiconductor | Triangle, symmetrical from 08/05/2010 to 08/24/2010 |
| -7.89% | $11.09 | -14.36% | CDI Corp (CDI) | Human Resources | Horn bottom from 05/24/2010 to 06/07/2010 |
| -7.27% | $12.76 | -32.20% | Schwab, Charles Corporation (SCHW) | Securities Brokerage | Head-and-shoulders top from 04/12/2010 to 05/03/2010 |
| -7.04% | $30.49 | -31.85% | J. Crew Group, Inc (JCG) | Retail (Special Lines) | Triangle, descending from 07/19/2010 to 08/26/2010 |
Below are the top 10 stocks with the best performance year to date out of 565 stocks.
Knowing which securities are trending higher makes selecting stocks for momentum trades much easier, especially if some share the same industry.
YTD
Change | Last
Close | Stock | Industry | Most Recent Chart Pattern |
| 284.26% | $4.15 | Somaxon Pharmaceuticals (SOMX) | Biotechnology | Triangle, symmetrical from 06/25/2010 to 08/03/2010 |
| 117.04% | $12.48 | CROCS Inc (CROX) | Shoe | Pipe bottom from 05/17/2010 to 05/24/2010 |
| 104.19% | $12.68 | ADC Telecommunications Inc. (ADCT) | Telecom. Equipment | Triangle, symmetrical from 05/06/2010 to 07/07/2010 |
| 72.23% | $18.36 | Aruba Networks, Inc. (ARUN) | Computers and Peripherals | Triangle, symmetrical from 08/09/2010 to 08/25/2010 |
| 71.70% | $0.91 | Arrowhead Research Corp (ARWR) | Biotechnology | Triangle, symmetrical from 07/02/2010 to 08/10/2010 |
| 65.38% | $24.89 | Ladish Co. Inc (LDSH) | Metal Fabricating | Pipe top from 06/14/2010 to 06/21/2010 |
| 65.06% | $87.43 | F5 Networks, Inc. (FFIV) | Internet | Pipe bottom from 05/17/2010 to 05/24/2010 |
| 62.25% | $74.41 | Cummins Inc. (CMI) | Machinery | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 56.83% | $16.31 | RPC Inc (RES) | Oilfield Svcs/Equipment | Head-and-shoulders top from 07/29/2010 to 08/17/2010 |
| 54.46% | $12.82 | Interface, Inc. (IFSIA) | Furn/Home Furnishings | Pipe bottom from 06/01/2010 to 06/07/2010 |
Below are the 10 worst performing stocks year to date out of 565 stocks.
These stocks might represent a good momentum trade from the short side. If some stocks also share the same industry, then the industry may be weak, so concentrate your search there.
YTD
Change | Last
Close | Stock | Industry | Most Recent Chart Pattern |
| -74.67% | $9.54 | Medivation Inc (MDVN) | Biotechnology | Triangle, symmetrical from 06/15/2010 to 08/05/2010 |
| -70.23% | $0.25 | YRC Worldwide Inc (YRCW) | Trucking/Transp. Leasing | Head-and-shoulders bottom from 12/15/2009 to 01/20/2010 |
| -69.95% | $1.13 | FuelCell Energy Inc. (FCEL) | Alternate Energy | Dead-cat bounce from 06/24/2010 to 06/25/2010 |
| -67.85% | $7.00 | FormFactor Inc. (FORM) | Semiconductor | Big W from 07/06/2010 to 07/19/2010 |
| -64.89% | $0.79 | Molecular Insight Pharmaceuticals (MIPI) | Biotechnology | Flag, high and tight from 06/09/2010 to 06/15/2010 |
| -60.84% | $16.28 | Questar Corp. (STR) | Natural Gas (Diversified) | Triangle, symmetrical from 07/28/2010 to 08/18/2010 |
| -57.33% | $4.51 | Energy Conversion Devices, Inc. (ENER) | Alternate Energy | Rising wedge from 06/28/2010 to 08/03/2010 |
| -56.64% | $1.86 | New York and Company Inc (NWY) | Apparel | Head-and-shoulders bottom from 07/01/2010 to 07/30/2010 |
| -55.63% | $0.67 | Evergreen Solar Inc. (ESLR) | Alternate Energy | Triangle, symmetrical from 07/02/2010 to 07/29/2010 |
| -55.44% | $2.13 | Hercules Offshore, Inc. (HERO) | Petroleum (Producing) | Target price from 07/05/2010 to 07/05/2010 |
Below are the top 10 exchange traded funds (ETF) with the best performance this past week out of 104 ETFs.
A hot ETF may suggest an industry or commodity that is doing well, so look there for individual stock picks or just trade the ETF for a momentum play.
Week
Change | Last
Close | YTD | Fund | Most Recent Chart Pattern |
| 7.76% | $20.62 | 13.33% | UltraShort 2x Semiconductor ProShares (SSG) | Big W from 07/14/2010 to 07/27/2010 |
| 5.23% | $18.93 | 14.46% | iShares Silver Trust (SLV) | Falling wedge from 06/10/2010 to 07/29/2010 |
| 4.14% | $55.32 | 30.20% | MSCI Thailand Invest Mkt Index (THD) | None found. |
| 3.18% | $21.06 | -7.79% | MSCI Australia Index fund (EWA) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 2.84% | $58.67 | -2.07% | DJ US Basic Materials sector index fnd (IYM) | Head-and-shoulders top from 07/27/2010 to 08/17/2010 |
| 2.71% | $59.95 | 15.09% | iShares Cohen and Steers Realty Majors (ICF) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 2.63% | $26.10 | -0.87% | MSCI Canada Index (EWC) | Head-and-shoulders top from 07/13/2010 to 08/18/2010 |
| 2.45% | $39.35 | -4.88% | MSCI Pacific ex-Japan Index fund (EPP) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 2.37% | $25.07 | 11.82% | UltraShort 2x Technology ProShares (REW) | Pipe top from 06/28/2010 to 07/06/2010 |
| 2.32% | $60.46 | 12.17% | MSCI Turkey Index (TUR) | Pipe bottom from 08/31/2009 to 09/08/2009 |
Below are the 10 worst performing ETFs over the past week out of 104 ETFs.
These funds may represent companies or industries that are suffering. Avoid going long in those stocks or buying any stocks from those industries.
Week
Change | Last
Close | YTD | Fund | Most Recent Chart Pattern |
| -6.34% | $6.38 | -36.73% | United States Natural Gas (UNG) | Broadening bottom from 04/12/2010 to 05/18/2010 |
| -6.18% | $35.68 | -15.95% | UltraShort 2x Basic Materials ProShares (SMN) | Pipe top from 06/28/2010 to 07/06/2010 |
| -5.24% | $23.86 | -36.37% | UltraShort 2x Real Estate ProShares (SRS) | Triangle, symmetrical from 05/06/2010 to 06/08/2010 |
| -4.18% | $24.27 | -12.19% | HOLDR Semiconductor (SMH) | Double Top, Adam and Eve from 07/14/2010 to 07/27/2010 |
| -3.06% | $41.17 | -16.37% | iShares SP North Am Tech Semiconductors (IGW) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -2.80% | $12.14 | -6.40% | MSCI Taiwan Index (EWT) | Head-and-shoulders complex bottom from 05/06/2010 to 07/01/2010 |
| -2.13% | $23.49 | -16.49% | DJ US Broker-dealers index fund (IAI) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -1.72% | $97.35 | -17.08% | HOLDR Oil Services (OIH) | Head-and-shoulders top from 07/21/2010 to 08/17/2010 |
| -1.37% | $49.69 | -11.28% | S and P Global Tech Sector Index fund (IXN) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -1.17% | $37.94 | -9.45% | HOLDR Software (SWH) | Pipe bottom from 06/28/2010 to 07/06/2010 |
Below are the top 10 exchange traded funds (ETF) with the best performance year to date out of 104 ETFs.
Concentrate your individual stock picks from industries that are doing well, or trade the ETF for a momentum play.
YTD
Change | Last
Close | Fund | Most Recent Chart Pattern |
| 30.20% | $55.32 | MSCI Thailand Invest Mkt Index (THD) | None found. |
| 23.47% | $67.65 | MSCI Chile Investable Mkt Idx (ECH) | Pipe bottom from 02/01/2010 to 02/08/2010 |
| 21.37% | $12.89 | MSCI Malaysia Index (EWM) | Triangle, symmetrical from 04/30/2010 to 07/22/2010 |
| 15.09% | $59.95 | iShares Cohen and Steers Realty Majors (ICF) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 14.46% | $18.93 | iShares Silver Trust (SLV) | Falling wedge from 06/10/2010 to 07/29/2010 |
| 13.76% | $122.08 | SPDR Gold Shares (GLD) | Triangle, ascending from 05/12/2010 to 06/17/2010 |
| 13.33% | $20.62 | UltraShort 2x Semiconductor ProShares (SSG) | Big W from 07/14/2010 to 07/27/2010 |
| 12.17% | $60.46 | MSCI Turkey Index (TUR) | Pipe bottom from 08/31/2009 to 09/08/2009 |
| 11.82% | $25.07 | UltraShort 2x Technology ProShares (REW) | Pipe top from 06/28/2010 to 07/06/2010 |
| 7.74% | $68.63 | UltraShort 2x Oil and Gas ProShares (DUG) | Pipe bottom from 08/02/2010 to 08/09/2010 |
Below are the 10 worst performing ETFs year to date out of 104 ETFs. These represent the stocks or industries you will want to avoid buying or want to concentrate selling short.
YTD
Change | Last
Close | Fund | Most Recent Chart Pattern |
| -36.73% | $6.38 | United States Natural Gas (UNG) | Broadening bottom from 04/12/2010 to 05/18/2010 |
| -36.37% | $23.86 | UltraShort 2x Real Estate ProShares (SRS) | Triangle, symmetrical from 05/06/2010 to 06/08/2010 |
| -23.83% | $14.86 | MSCI Italy Index (EWI) | Pipe top from 06/14/2010 to 06/21/2010 |
| -23.38% | $36.81 | MSCI Spain Index (EWP) | Pipe top from 06/14/2010 to 06/21/2010 |
| -19.34% | $20.85 | MSCI France Index (EWQ) | Big W from 05/06/2010 to 06/08/2010 |
| -18.74% | $31.92 | United States Oil (USO) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -17.08% | $97.35 | HOLDR Oil Services (OIH) | Head-and-shoulders top from 07/21/2010 to 08/17/2010 |
| -16.49% | $23.49 | DJ US Broker-dealers index fund (IAI) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -16.37% | $41.17 | iShares SP North Am Tech Semiconductors (IGW) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -15.95% | $35.68 | UltraShort 2x Basic Materials ProShares (SMN) | Pipe top from 06/28/2010 to 07/06/2010 |
Below is a list of market index performance over the past week.
Week
Change | Last
Close | YTD | Index | Most Recent Chart Pattern |
| 0.98% | 4,122.63 | 0.56% | DJ 20 Transportation (^DJT) | Triangle, ascending from 07/27/2010 to 08/10/2010 |
| -0.01% | 388.97 | -2.27% | DJ 15 Utilities (^DJU) | Pipe top from 06/14/2010 to 06/21/2010 |
| -0.24% | 1,049.33 | -5.90% | S and P 500 (^GSPC) | Head-and-shoulders top from 07/13/2010 to 08/17/2010 |
| -0.26% | 10,014.72 | -3.96% | DJ 30 Industrials (^DJI) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -0.46% | 2,114.03 | -6.84% | Nasdaq Composite (^IXIC) | Pipe bottom from 06/28/2010 to 07/06/2010 |
Below are the top 10 country exchange traded funds with the best performance this past week out of 26 ETFs. These may highlight emerging markets that are ready to soar.
Week
Change | Last
Close | YTD | Fund | Most Recent Chart Pattern |
| 4.14% | $55.32 | 30.20% | MSCI Thailand Invest Mkt Index (THD) | None found. |
| 3.18% | $21.06 | -7.79% | MSCI Australia Index fund (EWA) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 2.63% | $26.10 | -0.87% | MSCI Canada Index (EWC) | Head-and-shoulders top from 07/13/2010 to 08/18/2010 |
| 2.45% | $39.35 | -4.88% | MSCI Pacific ex-Japan Index fund (EPP) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| 2.32% | $60.46 | 12.17% | MSCI Turkey Index (TUR) | Pipe bottom from 08/31/2009 to 09/08/2009 |
| 1.99% | $21.57 | -3.10% | MSCI Switzerland Index (EWL) | Double Bottom, Adam and Eve from 05/06/2010 to 05/25/2010 |
| 1.93% | $12.16 | 5.83% | MSCI Singapore Index (EWS) | Triangle, ascending from 05/12/2010 to 07/08/2010 |
| 1.38% | $36.81 | -23.38% | MSCI Spain Index (EWP) | Pipe top from 06/14/2010 to 06/21/2010 |
| 1.34% | $24.26 | 3.23% | MSCI Sweden Index (EWD) | Pipe top from 06/14/2010 to 06/21/2010 |
| 1.21% | $11.69 | -8.39% | MSCI Belgium Investable Mkt Idx (EWK) | Head-and-shoulders top from 07/15/2010 to 08/18/2010 |
Below are the top 10 country exchange traded funds with the best performance year to date out of 26 ETFs.
Finding several countries from a similar region that is performing well helps identify which international mutual fund or ETF may continue to do well in the future.
YTD
Change | Last
Close | Fund | Most Recent Chart Pattern |
| 30.20% | $55.32 | MSCI Thailand Invest Mkt Index (THD) | None found. |
| 23.47% | $67.65 | MSCI Chile Investable Mkt Idx (ECH) | Pipe bottom from 02/01/2010 to 02/08/2010 |
| 21.37% | $12.89 | MSCI Malaysia Index (EWM) | Triangle, symmetrical from 04/30/2010 to 07/22/2010 |
| 12.17% | $60.46 | MSCI Turkey Index (TUR) | Pipe bottom from 08/31/2009 to 09/08/2009 |
| 5.83% | $12.16 | MSCI Singapore Index (EWS) | Triangle, ascending from 05/12/2010 to 07/08/2010 |
| 4.34% | $58.40 | MSCI South Africa Index (EZA) | Head-and-shoulders top from 03/18/2010 to 04/26/2010 |
| 3.23% | $24.26 | MSCI Sweden Index (EWD) | Pipe top from 06/14/2010 to 06/21/2010 |
| 2.11% | $15.99 | MSCI Hong Kong Index fund (EWH) | Double Bottom, Adam and Eve from 05/06/2010 to 05/21/2010 |
| 0.31% | $47.79 | MSCI South Korea Index (EWY) | Pipe bottom from 06/28/2010 to 07/06/2010 |
| -0.87% | $26.10 | MSCI Canada Index (EWC) | Head-and-shoulders top from 07/13/2010 to 08/18/2010 |
-- Thomas Bulkowski
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. If you buy ANYTHING, they pay for the referral.
on 