As of 03/05/2021
Indus: 31,496 +572.16 +1.9%
Trans: 13,628 +408.32 +3.1%
Utils: 814 +13.86 +1.7%
Nasdaq: 12,920 +196.68 +1.5%
S&P 500: 3,842 +73.47 +1.9%
|
YTD
+2.9%
+9.0%
-5.9%
+0.2%
+2.3%
|
 32,750 or 30,700 by 03/15/202114,500 or 12,900 by 03/15/2021850 or 770 by 03/15/202114,200 or 12,700 by 03/15/20214,000 or 3,700 by 03/15/2021 |
As of 03/05/2021
Indus: 31,496 +572.16 +1.9%
Trans: 13,628 +408.32 +3.1%
Utils: 814 +13.86 +1.7%
Nasdaq: 12,920 +196.68 +1.5%
S&P 500: 3,842 +73.47 +1.9%
|
YTD
+2.9%
+9.0%
-5.9%
+0.2%
+2.3%
| |
|
32,750 or 30,700 by 03/15/202114,500 or 12,900 by 03/15/2021850 or 770 by 03/15/202114,200 or 12,700 by 03/15/20214,000 or 3,700 by 03/15/2021 | ||
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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
-- 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 3/4/21.
| Security | Bottom | Peak | Bottom | Last Close | Diff | Retrace | Suggested Stop |
|---|---|---|---|---|---|---|---|
| Air Products and Chemicals, Inc. (APD) | 2/4/21 | 2/23/21 | 3/4/21 $253.25 | $256.43 | $3.18 1.3% | 66% | $252.92 -1.4% |
| AMN Healthcare (AMN) | 12/31/20 | 2/19/21 | 2/23/21 $72.20 | $69.78 | -$2.42 -3.4% | 64% | $71.77 2.8% |
| Apogee Enterprises (APOG) | 2/1/21 | 2/24/21 | 2/26/21 $36.69 | $37.60 | $0.91 2.5% | 61% | $36.38 -3.3% |
| Ashland Inc. (ASH) | 1/27/21 | 2/4/21 | 2/26/21 $83.43 | $84.52 | $1.09 1.3% | 59% | $82.61 -2.3% |
| Biogen Idec (BIIB) | 1/4/21 | 1/29/21 | 2/4/21 $260.97 | $263.57 | $2.60 1.0% | 61% | $257.53 -2.3% |
| Cal-Maine Foods Inc (CALM) | 1/20/21 | 1/28/21 | 3/1/21 $37.81 | $40.09 | $2.28 6.0% | 63% | $37.63 -6.1% |
| CoreLogic Inc (CLGX) | 1/27/21 | 2/19/21 | 3/4/21 $81.47 | $81.79 | $0.32 0.4% | 58% | $79.95 -2.2% |
| Curtiss-Wright (CW) | 1/27/21 | 2/25/21 | 2/26/21 $110.16 | $114.04 | $3.88 3.5% | 59% | $108.94 -4.5% |
| Dril-Quip Inc (DRQ) | 2/1/21 | 2/25/21 | 2/26/21 $33.07 | $37.05 | $3.98 12.0% | 58% | $32.21 -13.1% |
| EZCorp Inc (EZPW) | 1/29/21 | 2/5/21 | 2/26/21 $4.78 | $5.05 | $0.27 5.5% | 62% | $4.74 -6.1% |
| FedEx (FDX) | 1/29/21 | 2/16/21 | 2/23/21 $245.38 | $250.30 | $4.92 2.0% | 65% | $244.91 -2.2% |
| Hartford Financial Services Group Inc (HIG) | 2/17/21 | 2/25/21 | 2/26/21 $50.37 | $52.05 | $1.68 3.3% | 67% | $50.36 -3.2% |
| Hurco Companies Inc. (HURC) | 2/1/21 | 2/16/21 | 2/26/21 $30.62 | $31.15 | $0.53 1.7% | 61% | $30.39 -2.4% |
| Intuit Inc (INTU) | 1/27/21 | 2/16/21 | 2/24/21 $382.80 | $376.33 | -$6.47 -1.7% | 64% | $380.59 1.1% |
| MACOM Technology Solutions Holdings (MTSI) | 1/27/21 | 2/16/21 | 2/23/21 $60.28 | $58.96 | -$1.32 -2.2% | 57% | $58.70 -0.4% |
| Microsoft Corp (MSFT) | 1/15/21 | 2/16/21 | 3/4/21 $224.26 | $226.73 | $2.47 1.1% | 64% | $223.28 -1.5% |
| On Assignment, Inc. (ASGN) | 1/29/21 | 2/11/21 | 3/4/21 $89.33 | $90.52 | $1.19 1.3% | 64% | $88.72 -2.0% |
| Park Electrochemical (PKE) | 1/29/21 | 2/24/21 | 3/4/21 $13.83 | $13.88 | $0.05 0.4% | 58% | $13.68 -1.5% |
| Stratasys Ltd (SSYS) | 11/17/20 | 2/8/21 | 2/23/21 $31.35 | $24.44 | -$6.91 -22.0% | 59% | $27.64 13.1% |
| Techne Corporation (TECH) | 1/28/21 | 2/16/21 | 3/4/21 $346.45 | $347.90 | $1.45 0.4% | 66% | $345.34 -0.7% |
| WEX Inc (WEX) | 1/27/21 | 2/24/21 | 2/26/21 $205.00 | $209.49 | $4.49 2.2% | 60% | $201.39 -3.9% |
| DJ US Basic Materials sector index fnd (IYM) | 1/27/21 | 2/24/21 | 3/4/21 $114.30 | $116.18 | $1.88 1.6% | 62% | $113.71 -2.1% |
| MSCI Australia Index fund (EWA) | 1/29/21 | 2/25/21 | 2/26/21 $24.51 | $25.00 | $0.49 2.0% | 60% | $24.36 -2.6% |
| MSCI Chile Investable Mkt Idx (ECH) | 1/29/21 | 2/24/21 | 2/26/21 $31.24 | $32.21 | $0.97 3.1% | 63% | $31.09 -3.5% |
| MSCI Germany Index (EWG) | 1/29/21 | 2/16/21 | 2/23/21 $31.99 | $32.13 | $0.14 0.4% | 62% | $31.90 -0.7% |
| MSCI South Africa Index (EZA) | 1/29/21 | 2/12/21 | 2/26/21 $45.81 | $47.25 | $1.44 3.1% | 62% | $45.54 -3.6% |
| MSCI Sweden Index (EWD) | 1/29/21 | 2/25/21 | 2/26/21 $41.86 | $42.68 | $0.82 2.0% | 60% | $41.62 -2.5% |
| MSCI Taiwan Index (EWT) | 1/29/21 | 2/25/21 | 3/4/21 $57.15 | $57.44 | $0.29 0.5% | 63% | $56.93 -0.9% |
| PowerShares Aerospace and Defense (PPA) | 1/29/21 | 2/24/21 | 3/4/21 $66.72 | $67.61 | $0.89 1.3% | 64% | $66.54 -1.6% |
| SPDR Materials Select Sector (XLB) | 1/27/21 | 2/24/21 | 3/4/21 $72.34 | $73.62 | $1.28 1.8% | 65% | $72.18 -2.0% |
See Also
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