As of 01/24/2020
Indus: 28,990 -170.36 -0.6%
Trans: 11,060 -83.58 -0.8%
Utils: 932 +3.37 +0.4%
Nasdaq: 9,315 -87.57 -0.9%
S&P 500: 3,295 -30.07 -0.9%
|
YTD
+1.6%
+1.5%
+6.0%
+3.8%
+2.0%
|
 29,500 or 28,300 by 02/01/202011,500 or 10,700 by 02/01/20201,025 or 900 by 02/01/20209,600 or 8,900 by 02/01/20203,350 or 3,200 by 02/01/2020 |
As of 01/24/2020
Indus: 28,990 -170.36 -0.6%
Trans: 11,060 -83.58 -0.8%
Utils: 932 +3.37 +0.4%
Nasdaq: 9,315 -87.57 -0.9%
S&P 500: 3,295 -30.07 -0.9%
|
YTD
+1.6%
+1.5%
+6.0%
+3.8%
+2.0%
| |
|
29,500 or 28,300 by 02/01/202011,500 or 10,700 by 02/01/20201,025 or 900 by 02/01/20209,600 or 8,900 by 02/01/20203,350 or 3,200 by 02/01/2020 | ||
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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.
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
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 1/23/20.
| Security | Bottom | Peak | Bottom | Last Close | Diff | Retrace | Suggested Stop |
|---|---|---|---|---|---|---|---|
| Accenture plc (ACN) | 12/3/19 | 12/20/19 | 1/7/20 $203.19 | $210.68 | $7.49 3.7% | 60% | $202.01 -4.1% |
| Boot Barn Holdings Inc (BOOT) | 12/3/19 | 1/7/20 | 1/13/20 $42.05 | $43.87 | $1.82 4.3% | 59% | $41.27 -5.9% |
| Bunge Ltd (BG) | 12/3/19 | 1/2/20 | 1/23/20 $54.84 | $55.60 | $0.76 1.4% | 59% | $54.36 -2.2% |
| Hanover Insurance Group, The (THG) | 12/5/19 | 12/12/19 | 1/3/20 $135.48 | $137.48 | $2.00 1.5% | 61% | $135.06 -1.8% |
| Noble Energy Inc. (NBL) | 12/3/19 | 12/26/19 | 1/10/20 $21.77 | $22.35 | $0.58 2.7% | 64% | $21.61 -3.3% |
| Science Applications International Corp (SAIC) | 1/3/20 | 1/15/20 | 1/16/20 $89.77 | $91.51 | $1.74 1.9% | 58% | $88.82 -2.9% |
| MSCI Malaysia Index (EWM) | 12/3/19 | 1/2/20 | 1/23/20 $27.88 | $28.11 | $0.23 0.8% | 61% | $27.77 -1.2% |
| S and P Global Energy Sector Index fund (IXC) | 12/16/19 | 1/6/20 | 1/9/20 $30.59 | $29.86 | -$0.73 -2.4% | 64% | $30.54 2.3% |
| SandP Global Materials Sector Index fund (MXI) | 12/3/19 | 1/2/20 | 1/10/20 $65.83 | $66.41 | $0.58 0.9% | 64% | $65.74 -1.0% |
| SPDR Retail ETF (XRT) | 12/3/19 | 12/27/19 | 1/13/20 $44.70 | $45.42 | $0.72 1.6% | 58% | $44.42 -2.2% |
See Also
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