As of 04/02/2020
Indus: 21,413 +469.93 +2.2%
Trans: 7,446 +93.13 +1.3%
Utils: 729 +21.32 +3.0%
Nasdaq: 7,487 +126.73 +1.7%
S&P 500: 2,527 +46.40 +1.9%
|
YTD
-25.0%
-31.7%
-17.0%
-16.6%
-21.8%
|
 19,000 or 25,600 by 04/15/20206,700 or 9,000 by 04/15/2020600 or 800 by 04/15/20207,000 or 8,400 by 04/15/20202,300 or 2,900 by 04/15/2020 |
As of 04/02/2020
Indus: 21,413 +469.93 +2.2%
Trans: 7,446 +93.13 +1.3%
Utils: 729 +21.32 +3.0%
Nasdaq: 7,487 +126.73 +1.7%
S&P 500: 2,527 +46.40 +1.9%
|
YTD
-25.0%
-31.7%
-17.0%
-16.6%
-21.8%
| |
|
19,000 or 25,600 by 04/15/20206,700 or 9,000 by 04/15/2020600 or 800 by 04/15/20207,000 or 8,400 by 04/15/20202,300 or 2,900 by 04/15/2020 | ||
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Swing and Day Trading
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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 4/2/20.
| Security | Bottom | Peak | Bottom | Last Close | Diff | Retrace | Suggested Stop |
|---|---|---|---|---|---|---|---|
| Acuity Brands, Inc (AYI) | 3/18/20 | 3/31/20 | 4/2/20 $75.58 | $76.74 | $1.16 1.5% | 58% | $73.84 -3.8% |
| Alarm.com Holdings inc (ALRM) | 3/18/20 | 3/25/20 | 4/2/20 $36.07 | $36.80 | $0.73 2.0% | 64% | $35.70 -3.0% |
| Amedisys Inc (AMED) | 3/17/20 | 3/20/20 | 3/26/20 $153.15 | $178.93 | $25.77 16.8% | 65% | $151.91 -15.1% |
| American International Group (AIG) | 3/18/20 | 3/25/20 | 4/1/20 $21.01 | $21.25 | $0.24 1.1% | 58% | $19.92 -6.2% |
| Boot Barn Holdings Inc (BOOT) | 3/18/20 | 3/26/20 | 4/2/20 $10.57 | $10.79 | $0.22 2.1% | 60% | $10.10 -6.4% |
| General Electric Co (GE) | 3/18/20 | 3/26/20 | 4/2/20 $6.77 | $6.90 | $0.13 1.9% | 64% | $6.69 -3.0% |
| HealthEquity, Inc (HQY) | 3/18/20 | 3/26/20 | 4/2/20 $42.15 | $43.89 | $1.74 4.1% | 66% | $41.92 -4.5% |
| Helen of Troy Ltd (HELE) | 3/18/20 | 3/27/20 | 4/2/20 $121.72 | $126.56 | $4.84 4.0% | 60% | $118.47 -6.4% |
| Lam Research Corp (LRCX) | 3/18/20 | 3/27/20 | 4/2/20 $215.92 | $220.57 | $4.65 2.2% | 58% | $208.28 -5.6% |
| Lennar Corp. Cl A (LEN) | 3/18/20 | 3/26/20 | 4/2/20 $32.41 | $33.42 | $1.01 3.1% | 60% | $31.18 -6.7% |
| Morgan Stanley (MS) | 3/18/20 | 3/26/20 | 4/1/20 $31.16 | $33.90 | $2.74 8.8% | 59% | $30.38 -10.4% |
| Perficient, Inc (PRFT) | 3/18/20 | 3/25/20 | 4/2/20 $23.59 | $25.08 | $1.49 6.3% | 66% | $23.40 -6.7% |
| salesforce com (CRM) | 3/18/20 | 3/25/20 | 4/2/20 $130.04 | $134.32 | $4.28 3.3% | 65% | $129.39 -3.7% |
| Skechers USA Inc (SKX) | 3/18/20 | 3/26/20 | 4/2/20 $21.23 | $22.43 | $1.20 5.7% | 57% | $20.26 -9.7% |
| Southwestern Energy Company (SWN) | 3/9/20 | 3/17/20 | 3/30/20 $1.54 | $1.70 | $0.16 10.4% | 66% | $1.53 -9.9% |
| Toll Brothers (TOL) | 3/18/20 | 3/26/20 | 4/2/20 $16.75 | $17.35 | $0.60 3.6% | 64% | $16.47 -5.0% |
| DJ US Home construction index fund (ITB) | 3/18/20 | 3/26/20 | 4/2/20 $25.67 | $26.35 | $0.68 2.6% | 66% | $25.61 -2.8% |
| DJIA short 1x ProShares (DOG) | 2/12/20 | 3/23/20 | 3/26/20 $56.93 | $59.75 | $2.82 5.0% | 61% | $55.57 -7.0% |
| Nasdaq 100 short 1x ProShares (PSQ) | 2/19/20 | 3/23/20 | 3/31/20 $24.77 | $25.94 | $1.17 4.7% | 64% | $24.53 -5.4% |
| PowerShares Dynamic Leisure (PEJ) | 3/18/20 | 3/26/20 | 4/2/20 $21.46 | $21.82 | $0.36 1.7% | 61% | $20.89 -4.3% |
| PowerShares Dynamic Oil Services (PXJ) | 3/18/20 | 3/26/20 | 4/1/20 $1.75 | $1.82 | $0.07 4.1% | 60% | $1.72 -5.7% |
| S and P short 1x ProShares (SH) | 2/19/20 | 3/23/20 | 3/31/20 $27.09 | $28.25 | $1.16 4.3% | 59% | $26.24 -7.1% |
| UltraShort 2x Basic Materials ProShares (SMN) | 2/20/20 | 3/23/20 | 3/25/20 $33.40 | $37.29 | $3.89 11.6% | 65% | $32.94 -11.7% |
See Also
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