As of 09/18/2020
Indus: 27,657 -244.56 -0.9%
Trans: 11,432 -120.44 -1.0%
Utils: 798 -12.86 -1.6%
Nasdaq: 10,793 -117.00 -1.1%
S&P 500: 3,319 -37.54 -1.1%
|
YTD
-3.1%
+4.9%
-9.2%
+20.3%
+2.7%
|
 29,400 or 26,700 by 10/01/202011,750 or 10,600 by 10/01/2020845 or 775 by 10/01/202011,800 or 10,400 by 10/01/20203,600 or 3,200 by 10/01/2020 |
As of 09/18/2020
Indus: 27,657 -244.56 -0.9%
Trans: 11,432 -120.44 -1.0%
Utils: 798 -12.86 -1.6%
Nasdaq: 10,793 -117.00 -1.1%
S&P 500: 3,319 -37.54 -1.1%
|
YTD
-3.1%
+4.9%
-9.2%
+20.3%
+2.7%
| |
|
29,400 or 26,700 by 10/01/202011,750 or 10,600 by 10/01/2020845 or 775 by 10/01/202011,800 or 10,400 by 10/01/20203,600 or 3,200 by 10/01/2020 | ||
My book,
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
-- 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 9/17/20.
| Security | Bottom | Peak | Bottom | Last Close | Diff | Retrace | Suggested Stop |
|---|---|---|---|---|---|---|---|
| Accenture plc (ACN) | 7/30/20 | 9/2/20 | 9/8/20 $230.62 | $236.82 | $6.20 2.7% | 61% | $229.03 -3.3% |
| Allstate Corp (ALL) | 7/9/20 | 8/5/20 | 9/8/20 $91.07 | $92.80 | $1.73 1.9% | 61% | $90.11 -2.9% |
| Aon Corp (AON) | 8/24/20 | 9/3/20 | 9/8/20 $197.84 | $201.67 | $3.83 1.9% | 60% | $196.11 -2.8% |
| Apple Inc. (AAPL) | 7/24/20 | 9/2/20 | 9/17/20 $108.71 | $110.34 | $1.63 1.5% | 60% | $105.26 -4.6% |
| Costco Wholesale Corp (COST) | 7/30/20 | 9/3/20 | 9/11/20 $336.10 | $338.88 | $2.78 0.8% | 66% | $335.75 -0.9% |
| Fresh Del Monte Produce (FDP) | 9/1/20 | 9/10/20 | 9/17/20 $23.40 | $23.91 | $0.51 2.2% | 67% | $23.39 -2.2% |
| Hovnanian Enterprises Inc (HOV) | 7/14/20 | 9/3/20 | 9/4/20 $26.03 | $30.90 | $4.87 18.7% | 60% | $24.80 -19.8% |
| Kelly Services A (KELYA) | 7/31/20 | 8/26/20 | 9/16/20 $16.49 | $17.22 | $0.73 4.4% | 63% | $16.28 -5.5% |
| Mastercard Inc (MA) | 7/30/20 | 8/28/20 | 9/4/20 $326.55 | $339.43 | $12.88 3.9% | 63% | $324.23 -4.5% |
| Network Appliance (NTAP) | 8/18/20 | 9/2/20 | 9/17/20 $42.85 | $43.18 | $0.33 0.8% | 67% | $42.85 -0.8% |
| NextGen Healthcare Inc (NXGN) | 7/9/20 | 7/31/20 | 9/8/20 $12.65 | $13.28 | $0.63 5.0% | 60% | $12.23 -7.9% |
| Owens and Minor Inc (OMI) | 8/7/20 | 9/2/20 | 9/17/20 $14.39 | $14.65 | $0.26 1.8% | 64% | $14.23 -2.9% |
| Southern Copper (SCCO) | 8/4/20 | 9/1/20 | 9/8/20 $44.93 | $47.19 | $2.26 5.0% | 59% | $44.39 -5.9% |
| Visa (V) | 7/31/20 | 9/2/20 | 9/11/20 $198.91 | $205.27 | $6.36 3.2% | 66% | $198.65 -3.2% |
| Williams Companies Inc. (WMB) | 7/27/20 | 8/17/20 | 9/11/20 $20.10 | $21.31 | $1.20 6.0% | 61% | $19.87 -6.7% |
| DJ US Pharmaceuticals index fund (IHE) | 7/24/20 | 9/2/20 | 9/8/20 $160.74 | $166.17 | $5.43 3.4% | 62% | $160.17 -3.6% |
| MSCI Brazil Index fund (EWZ) | 8/20/20 | 9/3/20 | 9/11/20 $29.92 | $31.23 | $1.31 4.4% | 63% | $29.80 -4.6% |
See Also
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