As of 08/03/2020   Indus: 26,664 +236.08 +0.9%     Trans: 10,012 +16.91 +0.2%     Utils: 822 -8.43 -1.0%     Nasdaq: 10,903 +157.53 +1.5%     S&P 500: 3,295 +23.49 +0.7%	YTD -6.6%   -8.2%   -6.5%    +21.5%    +2.0%	Targets    Overview: 07/31/2020     28,150 or 25,000 by 08/15/2020   10,600 or 9,400 by 08/15/2020   870 or 800 by 08/15/2020   11,300 or 10,200 by 08/15/2020   3,355 or 3,100 by 08/15/2020
CPI (updated daily): on 6/29/20

As of 08/03/2020   Indus: 26,664 +236.08 +0.9%     Trans: 10,012 +16.91 +0.2%     Utils: 822 -8.43 -1.0%     Nasdaq: 10,903 +157.53 +1.5%     S&P 500: 3,295 +23.49 +0.7%	YTD -6.6%   -8.2%   -6.5%    +21.5%    +2.0%
Targets    Overview: 07/31/2020     28,150 or 25,000 by 08/15/2020   10,600 or 9,400 by 08/15/2020   870 or 800 by 08/15/2020   11,300 or 10,200 by 08/15/2020   3,355 or 3,100 by 08/15/2020
CPI (updated daily): on 6/29/20

Tuesday 8/4/20. Slider Trading Quiz: Cypress Semiconductor

$ $ $

I show a slider trading quiz featuring Cypress Semiconductor stock. (An actual trade).

$ $ $

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

-- Thomas Bulkowski

Monday 8/3/20. 2020 Market Forecast August Update

Here's the updated 2020 forecast for August, presented in slider format.

Based on sector performance from Fidelity, the best performing sectors for year to date performance as of 31 July 2020 were... (The numbering is how they ranked a month ago.)

Here's how they rank the industries, but only the top 10 appear. Year to date returns. The numbering is how they ranked a month ago.

-- Thomas Bulkowski

Friday 7/31/20. Pattern Trading Setups for the Weekend.

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 16 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 583 stocks searched, or 2.7%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

Excluding ETFs, there were 8 bullish chart patterns this week and 7 bearish ones with any remaining (1) 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

Weekly screen for chart patterns ending between 07/23/2020 and 07/30/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Industry: Computer Software and Svcs

Industry RS rank: 6 out of 58

Stock RS rank: 53 out of 578

7/30/20 close: $438.88

1 Month avg volatility: $12.44. Volatility stop (for upward breakout): $401.94 or 8.4% below the close.

Change YTD: 33.07%

Volume: 1,438,600 shares. 3 month avg: 3,137,863 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 07/13/2020 to 07/30/2020

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.

Industry: Medical Services

Industry RS rank: 11 out of 58

Stock RS rank: 199 out of 578

7/30/20 close: $277.19

1 Month avg volatility: $6.82. Volatility stop (for downward breakout): $293.31 or 5.8% above the close.

Change YTD: -8.22%

Volume: 1,080,000 shares. 3 month avg: 1,801,302 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 bottom continuation pattern from 06/12/2020 to 07/28/2020

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.

Industry: Cement and Aggregates

Industry RS rank: 45 out of 58

Stock RS rank: 449 out of 578

7/30/20 close: $3.13

1 Month avg volatility: $0.11. Volatility stop (for upward breakout): $2.84 or 9.4% below the close.

Change YTD: -17.20%

Volume: 9,739,600 shares. 3 month avg: 9,928,860 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: Head-and-shoulders bottom reversal pattern from 06/25/2020 to 07/24/2020

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.

Industry: Electric Utility (Central)

Industry RS rank: 42 out of 58

Stock RS rank: 460 out of 578

7/30/20 close: $19.13

1 Month avg volatility: $0.55. Volatility stop (for downward breakout): $20.33 or 6.3% above the close.

Change YTD: -29.85%

Volume: 7,208,200 shares. 3 month avg: 2,845,400 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 07/13/2020 to 07/30/2020

WARNING: A dead-cat bounce occurred on 03/09/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/07/2020.

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.

Industry: None

Industry RS rank is unavailable.

7/30/20 close: $828.13

1 Month avg volatility: $15.31. Volatility stop (for downward breakout): $858.86 or 3.7% above the close.

Change YTD: -5.81%

Volume: 49,556,900 shares. 3 month avg: 62,233,735 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

 

Chart pattern: Diamond top reversal pattern from 07/17/2020 to 07/29/2020

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.

Industry: Insurance (Life)

Industry RS rank: 56 out of 58

Stock RS rank: 507 out of 578

7/30/20 close: $34.92

1 Month avg volatility: $1.16. Volatility stop (for upward breakout): $32.09 or 8.1% below the close.

Change YTD: -40.74%

Volume: 31,500 shares. 3 month avg: 24,305 shares.

This security may be thinly traded (less than 100k 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, symmetrical continuation pattern from 03/19/2020 to 07/30/2020

WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/10/2020.

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.

Industry: Electronics

Industry RS rank: 30 out of 58

Stock RS rank: 54 out of 578

7/30/20 close: $5.18

1 Month avg volatility: $0.21. Volatility stop (for upward breakout): $4.67 or 9.9% below the close.

Change YTD: 19.35%

Volume: 1,310,000 shares. 3 month avg: 5,624,629 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Triangle, symmetrical continuation pattern from 06/08/2020 to 07/30/2020

WARNING: A dead-cat bounce occurred on 03/12/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/10/2020.

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.

Industry: Air Transport

Industry RS rank: 24 out of 58

Stock RS rank: 542 out of 578

7/30/20 close: $10.20

1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $11.30 or 10.8% above the close.

Change YTD: -45.51%

Volume: 9,979,400 shares. 3 month avg: 6,141,268 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Triangle, descending reversal pattern from 05/29/2020 to 07/30/2020

Breakout is downward 64% of the time.

Average decline: 16%.

Break-even failure rate: 16%.

Pullbacks occur 54% of the time.

Price hits measure rule target 54% of the time.

Industry: Semiconductor Cap Equip.

WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 5 out of 58

Stock RS rank: 101 out of 578

7/30/20 close: $197.90

1 Month avg volatility: $5.89. Volatility stop (for downward breakout): $210.77 or 6.5% above the close.

Change YTD: 11.07%

Volume: 1,162,800 shares. 3 month avg: 1,563,420 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

 

Chart pattern: Broadening top reversal pattern from 07/06/2020 to 07/24/2020

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.

Industry: Apparel

Industry RS rank: 55 out of 58

Stock RS rank: 168 out of 578

7/30/20 close: $24.54

1 Month avg volatility: $0.87. Volatility stop (for upward breakout): $22.44 or 8.6% below the close.

Change YTD: 35.43%

Volume: 10,518,200 shares. 3 month avg: 4,494,122 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 06/25/2020 to 07/30/2020

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.

Industry: Computer Software and Svcs

Industry RS rank: 6 out of 58

Stock RS rank: 136 out of 578

7/30/20 close: $45.53

1 Month avg volatility: $1.49. Volatility stop (for downward breakout): $48.78 or 7.1% above the close.

Change YTD: -5.28%

Volume: 409,200 shares. 3 month avg: 906,945 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: Rising wedge reversal pattern from 06/23/2020 to 07/24/2020

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.

Industry: Natural Gas (Distributor)

Industry RS rank: 51 out of 58

Stock RS rank: 444 out of 578

7/30/20 close: $31.38

1 Month avg volatility: $0.99. Volatility stop (for upward breakout): $29.15 or 7.1% below the close.

Change YTD: -29.59%

Volume: 359,300 shares. 3 month avg: 632,043 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, symmetrical continuation pattern from 07/06/2020 to 07/30/2020

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.

Industry: Advertising

Industry RS rank: 53 out of 58

Stock RS rank: 477 out of 578

7/30/20 close: $53.26

1 Month avg volatility: $1.76. Volatility stop (for downward breakout): $57.17 or 7.3% above the close.

Change YTD: -34.26%

Volume: 2,506,700 shares. 3 month avg: 2,548,395 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 reversal pattern from 07/13/2020 to 07/28/2020

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.

Industry: Medical Supplies

Industry RS rank: 7 out of 58

Stock RS rank: 3 out of 578

7/30/20 close: $16.37

1 Month avg volatility: $0.89. Volatility stop (for upward breakout): $13.96 or 14.7% below the close.

Change YTD: 216.63%

Volume: 2,016,800 shares. 3 month avg: 1,318,423 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.

 

Chart pattern: Flag, high and tight continuation pattern from 06/22/2020 to 07/30/2020

WARNING: A dead-cat bounce occurred on 03/05/2020. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 09/03/2020.

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.

Industry: Retail Building Supply

Industry RS rank: 4 out of 58

Stock RS rank: 52 out of 578

7/30/20 close: $65.94

1 Month avg volatility: $3.09. Volatility stop (for downward breakout): $75.15 or 14.0% above the close.

Change YTD: 25.77%

Volume: 378,000 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: Broadening top, right-angled and ascending reversal pattern from 07/16/2020 to 07/30/2020

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.

Industry: IT Services

Industry RS rank: 21 out of 58

Stock RS rank: 363 out of 578

7/30/20 close: $52.28

1 Month avg volatility: $1.48. Volatility stop (for downward breakout): $55.49 or 6.2% above the close.

Change YTD: -20.16%

Volume: 905,800 shares. 3 month avg: 522,352 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 top reversal pattern from 07/13/2020 to 07/20/2020

Breakout is downward 100% of the time.

Average decline: 20%.

Break-even failure rate: 11%.

Pullbacks occur 41% of the time.

Price hits measure rule target 70% of the time.

 

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