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Bulkowski's Retrace Setup

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As of 06/25/2019
  Industrials: 26,548 -179.32 -0.7%  
  Transports: 10,110 -87.48 -0.9%  
  Utilities: 821 -5.99 -0.7%  
  Nasdaq: 7,885 -120.98 -1.5%  
  S&P 500: 2,917 -27.97 -0.9%  
YTD
 +13.8%  
 +10.2%  
 +15.2%  
 +18.8%  
 +16.4%  
  Tom's Targets    Overview: 06/13/2019  
  Up arrow26,800 or 25,400 by 07/01/2019
  Up arrow10,700 or 9,900 by 07/01/2019
  Up arrow830 or 780 by 07/01/2019
  Up arrow8,150 or 7,575 by 07/01/2019
  Up arrow3,000 or 2,875 by 07/01/2019
As of 06/25/2019
  Industrials: 26,548 -179.32 -0.7%  
  Transports: 10,110 -87.48 -0.9%  
  Utilities: 821 -5.99 -0.7%  
  Nasdaq: 7,885 -120.98 -1.5%  
  S&P 500: 2,917 -27.97 -0.9%  
YTD
 +13.8%  
 +10.2%  
 +15.2%  
 +18.8%  
 +16.4%  
  Tom's Targets    Overview: 06/13/2019  
  Up arrow26,800 or 25,400 by 07/01/2019
  Up arrow10,700 or 9,900 by 07/01/2019
  Up arrow830 or 780 by 07/01/2019
  Up arrow8,150 or 7,575 by 07/01/2019
  Up arrow3,000 or 2,875 by 07/01/2019

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

My book, Swing and Day TradingSwing and Day Trading: Evolution of a Trader book., has other trading setups geared toward swing and day traders. I show a picture of the book on the left.

If you click on this link and then buy the book (or anything) at Amazon.com, the referral will help support this site. Thanks. -- Tom Bulkowski

$ $ $

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 6/20/19.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
Advanced Micro Devices, Inc (AMD)  5/23/19   6/10/19  6/17/19 $29.18 $30.01 $0.83 2.8% 62% $28.76 -4.2%
Akamai Technologies Inc (AKAM)  6/3/19   6/10/19  6/17/19 $76.39 $79.88 $3.49 4.6% 59% $75.76 -5.2%
Discover Financial Services (DFS)  5/31/19   6/11/19  6/14/19 $76.34 $78.39 $2.05 2.7% 62% $76.07 -3.0%
Emerson Electric (EMR)  6/3/19   6/11/19  6/14/19 $62.02 $65.51 $3.49 5.6% 65% $61.93 -5.5%
Everest Re Group Ltd (RE)  5/29/19   6/7/19  6/11/19 $246.95 $252.56 $5.61 2.3% 59% $245.85 -2.7%
Fair Isaac Corp (FICO)  6/3/19   6/10/19  6/19/19 $300.62 $305.92 $5.30 1.8% 57% $297.20 -2.9%
Inter Parfums Inc. (IPAR)  6/3/19   6/10/19  6/18/19 $66.16 $66.51 $0.35 0.5% 65% $65.99 -0.8%
KLA-Tencor Corporation (KLAC)  6/3/19   6/11/19  6/14/19 $107.69 $113.79 $6.10 5.7% 57% $106.22 -6.6%
Martin Marietta Materials, Inc (MLM)  5/31/19   6/10/19  6/11/19 $216.12 $224.01 $7.89 3.7% 60% $214.07 -4.4%
Pinnacle West Capital Corp (PNW)  5/30/19   6/7/19  6/12/19 $95.18 $98.56 $3.38 3.6% 66% $95.13 -3.5%
Progressive Corp (PGR)  5/29/19   6/7/19  6/12/19 $80.78 $81.87 $1.09 1.3% 60% $80.34 -1.9%
Williams Companies Inc. (WMB)  5/29/19   6/5/19  6/14/19 $26.75 $27.33 $0.58 2.2% 61% $26.61 -2.6%
DJ US Broker-dealers index fund (IAI)  6/3/19   6/11/19  6/18/19 $61.94 $62.97 $1.03 1.7% 61% $61.68 -2.0%
MSCI France Index (EWQ)  5/31/19   6/11/19  6/17/19 $29.41 $30.54 $1.13 3.8% 67% $29.40 -3.7%

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See Also

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. Two wrongs won't make a right, but three will get you back onto the freeway.