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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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Bulkowski's Retrace Setup

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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 10/20/2017
23,329 165.59 0.7%
9,972 85.59 0.9%
749 1.35 0.2%
6,629 23.98 0.4%
2,575 13.11 0.5%
YTD
18.0%
10.3%
13.6%
23.1%
15.0%
Tom's Targets    Overview: 10/16/2017
23,700 or 22,700 by 11/01/2017
10,300 or 9,700 by 11/01/2017
775 or 725 by 11/01/2017
6,700 or 6,500 by 11/01/2017
2,625 or 2,525 by 11/01/2017

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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The following table show securities (stocks, exchange traded funds, indices) that have retraced a portion of the prior up trend.

To create this list, my computer found the most recent three major turns in which price climbed and then retraced. The retrace is between 57% and 67% of the first two turns, bracketing the 62% Fibonacci retrace number.

Retrace Setup Definitions

The table shows the Bottom, Peak, Bottom, which are the three turns.
The Last Close is the most recent closing price as of the day the list was created.
Diff is the difference between the last close and the most recent bottom.
Suggested Stop is placed at 67% below the Top. Research says that this stop should only trigger a third of the time, allowing two thirds of trades to work. In real trading, though, anything could happen, so set a stop where you feel is best.

All of this is just guidance and I do not offer any type of guarantee that this setup will work. If and how you trade this is entirely up to you.

For more information on the setup, click See Also

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

-- Thomas Bulkowski

Retrace Setups

If none appear, then no setups were found in the 600+ securities I reviewed.

This is a list of stocks, ETFs and indices with a 57% to 67% retrace of the most recent advance, as of 10/19/17.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
Alcoa (AA)  9/27/17   10/4/17  10/11/17 $46.21 $46.54 $0.33 0.7% 64% $46.07 -1.0%
AMN Healthcare (AMN)  9/8/17   10/4/17  10/13/17 $40.85 $43.25 $2.40 5.9% 59% $40.10 -7.3%
Builders FirstSource, Inc (BLDR)  9/15/17   10/4/17  10/19/17 $16.93 $17.32 $0.39 2.3% 64% $16.86 -2.6%
Cal-Maine Foods Inc (CALM)  10/2/17   10/5/17  10/16/17 $41.05 $41.95 $0.90 2.2% 61% $40.65 -3.1%
Celgene Corp (CELG)  8/21/17   10/2/17  10/19/17 $135.33 $135.96 $0.63 0.5% 58% $133.56 -1.8%
CNA Financial Corp (CNA)  9/26/17   10/13/17  10/19/17 $49.64 $51.04 $1.40 2.8% 59% $49.42 -3.2%
Conns Inc (CONN)  9/20/17   10/2/17  10/12/17 $24.50 $28.05 $3.55 14.5% 59% $23.94 -14.6%
CROCS Inc (CROX)  9/22/17   10/10/17  10/12/17 $9.35 $9.68 $0.33 3.5% 62% $9.30 -3.9%
IDACORP Inc (IDA)  8/3/17   9/11/17  10/3/17 $87.55 $91.38 $3.83 4.4% 66% $87.51 -4.2%
Manhattan Associates (MANH)  9/29/17   10/3/17  10/12/17 $44.17 $47.96 $3.79 8.6% 64% $43.95 -8.4%
Oxford Industries (OXM)  9/14/17   10/4/17  10/12/17 $61.81 $64.94 $3.13 5.1% 58% $61.21 -5.7%
Revlon Inc (REV)  9/14/17   9/28/17  10/10/17 $20.75 $21.90 $1.15 5.5% 58% $19.69 -10.1%
SAIA Inc (SAIA)  8/24/17   10/2/17  10/17/17 $55.16 $60.55 $5.39 9.8% 66% $55.04 -9.1%
Timken Co., The (TKR)  9/26/17   10/16/17  10/18/17 $49.06 $50.40 $1.34 2.7% 57% $48.76 -3.3%
Tuesday Morning Corp (TUES)  9/7/17   9/28/17  10/18/17 $2.50 $2.70 $0.20 8.0% 62% $2.43 -10.0%
DJ US consumer svcs index fnd (retail) (IYC)  9/26/17   10/5/17  10/19/17 $164.25 $164.93 $0.68 0.4% 64% $164.12 -0.5%
DJ US Utilities sector index fund (IDU)  7/11/17   9/11/17  9/28/17 $131.98 $137.36 $5.38 4.1% 66% $131.92 -4.0%
PowerShares Dynamic Pharmaceuticals (PJP)  9/20/17   10/6/17  10/17/17 $65.22 $66.32 $1.10 1.7% 64% $65.12 -1.8%

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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. Two wrongs won't make a right, but three will get you back onto the freeway.