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Bulkowski's Retrace Setup

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As of 04/25/2019
  Industrials: 26,462 -134.97 -0.5%  
  Transports: 10,846 -253.37 -2.3%  
  Utilities: 780 +3.53 +0.5%  
  Nasdaq: 8,119 +16.67 +0.2%  
  S&P 500: 2,926 -1.08 0.0%  
YTD
 +13.4%  
 +18.3%  
 +9.5%  
 +22.4%  
 +16.7%  
  Tom's Targets    Overview: 04/12/2019  
  Up arrow26,900 or 25,500 by 05/01/2019
  Up arrow11,200 or 10,500 by 05/01/2019
  Up arrow825 or 755 by 05/01/2019
  Up arrow8,250 or 7,850 by 05/15/2019
  Up arrow2,975 or 2,800 by 05/01/2019
As of 04/25/2019
  Industrials: 26,462 -134.97 -0.5%  
  Transports: 10,846 -253.37 -2.3%  
  Utilities: 780 +3.53 +0.5%  
  Nasdaq: 8,119 +16.67 +0.2%  
  S&P 500: 2,926 -1.08 0.0%  
YTD
 +13.4%  
 +18.3%  
 +9.5%  
 +22.4%  
 +16.7%  
  Tom's Targets    Overview: 04/12/2019  
  Up arrow26,900 or 25,500 by 05/01/2019
  Up arrow11,200 or 10,500 by 05/01/2019
  Up arrow825 or 755 by 05/01/2019
  Up arrow8,250 or 7,850 by 05/15/2019
  Up arrow2,975 or 2,800 by 05/01/2019

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 4/25/19.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
3D Systems (DDD)  3/25/19   4/3/19  4/10/19 $10.74 $10.84 $0.10 0.9% 62% $10.70 -1.3%
Axis Capital Holdings Ltd (AXS)  3/28/19   4/24/19  4/25/19 $56.12 $57.21 $1.09 1.9% 59% $55.80 -2.5%
Boot Barn Holdings Inc (BOOT)  3/20/19   4/5/19  4/22/19 $28.48 $29.33 $0.85 3.0% 62% $28.20 -3.8%
Build-A-Bear Workshop Inc (BBW)  3/14/19   4/1/19  4/12/19 $5.50 $5.70 $0.20 3.6% 61% $5.42 -4.9%
Builders FirstSource, Inc (BLDR)  3/25/19   4/12/19  4/25/19 $13.35 $13.74 $0.39 3.0% 59% $13.19 -4.0%
Cemex SA de CV (CX)  3/22/19   4/8/19  4/12/19 $4.72 $4.60 -$0.12 -2.5% 67% $4.72 2.6%
Continental Building Products Inc (CBPX)  3/25/19   4/8/19  4/17/19 $24.38 $25.11 $0.73 3.0% 59% $24.13 -3.9%
Gap Inc. (GPS)  3/22/19   4/5/19  4/11/19 $25.31 $26.03 $0.73 2.9% 63% $25.21 -3.1%
Harte-Hanks Inc (HHS)  2/14/19   3/7/19  4/3/19 $3.50 $3.50 $0.00 0.0% 60% $3.38 -3.4%
Lennar Corp. Cl A (LEN)  3/20/19   3/27/19  4/2/19 $48.05 $51.56 $3.51 7.3% 62% $47.63 -7.6%
Micron Technology (MU)  3/27/19   4/3/19  4/15/19 $41.20 $42.75 $1.55 3.8% 62% $40.94 -4.2%
Northwest Pipe Co (NWPX)  3/26/19   4/10/19  4/25/19 $24.10 $24.46 $0.36 1.5% 66% $24.08 -1.6%
Tempur-pedic Intl (TPX)  4/4/19   4/12/19  4/25/19 $59.98 $61.15 $1.17 2.0% 61% $59.49 -2.7%
Visa (V)  4/8/19   4/24/19  4/25/19 $158.55 $161.02 $2.47 1.6% 61% $158.20 -1.7%

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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.