As of 04/19/2024

Indus: 37,986 +211.02 +0.6%

Trans: 15,084 +136.79 +0.9%

Utils: 876 +15.31 +1.8%

Nasdaq: 15,282 -319.49 -2.0%

S&P 500: 4,967 -43.89 -0.9%

YTD

+0.8%

-5.1%

-0.7%

+1.8%

+4.1%

Targets Overview: 04/12/2024

39,800 or 37,150 by 05/01/2024

16,200 or 15,000 by 05/01/2024

885 or 850 by 05/01/2024

16,700 or 15,800 by 05/01/2024

5,250 or 5,025 by 05/01/2024

Chart Pattern Indicator:

on 4/1/24

As of 04/19/2024

Indus: 37,986 +211.02 +0.6%

Trans: 15,084 +136.79 +0.9%

Utils: 876 +15.31 +1.8%

Nasdaq: 15,282 -319.49 -2.0%

S&P 500: 4,967 -43.89 -0.9%

YTD

+0.8%

-5.1%

-0.7%

+1.8%

+4.1%

Targets Overview: 04/12/2024

39,800 or 37,150 by 05/01/2024

16,200 or 15,000 by 05/01/2024

885 or 850 by 05/01/2024

16,700 or 15,800 by 05/01/2024

5,250 or 5,025 by 05/01/2024

Chart Pattern Indicator:

on 4/1/24

Patterns for the Weekend Details

Weekly screen for chart patterns found in the last week. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Definitions

RS is relative strength (where 1 is best). For other definitions, see the glossary.

'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.

All numbers assume a bull market and are based on the breakout direction that occurs most often.

For more information, consult my book, Encyclopedia of Chart Patterns.

Abbott Laboratories (ABT)

Industry: Medical Supplies

Industry RS rank: 48 out of 60

Stock RS rank: 408 out of 560

8/11/22 close: $110.49

1 Month avg volatility: $1.83. Volatility stop (for upward breakout): $106.72 or 3.4% below the close.

Change YTD: -21.49%

Volume: 3,260,900 shares. 3 month avg: 6,008,617 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Triangle, symmetrical continuation pattern from 07/20/2022 to 08/08/2022

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

Abercrombie and Fitch Co. (ANF)

Industry: Apparel

Industry RS rank: 57 out of 60

Stock RS rank: 554 out of 560

8/11/22 close: $19.32

1 Month avg volatility: $0.85. Volatility stop (for upward breakout): $17.18 or 11.1% below the close.

Change YTD: -44.53%

Volume: 1,724,300 shares. 3 month avg: 2,821,334 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

Chart pattern: Head-and-shoulders bottom reversal pattern from 07/01/2022 to 07/27/2022

WARNING: A dead-cat bounce occurred on 05/24/2022. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 08/23/2022 and a 38% chance by 11/22/2022.
Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

Accelerate Diagnostics Inc (AXDX)

Industry: Medical Services

Industry RS rank: 16 out of 60

Stock RS rank: 494 out of 560

8/11/22 close: $2.15

1 Month avg volatility: $0.20. Volatility stop (for downward breakout): $2.66 or 23.9% above the close.

Change YTD: -58.81%

Volume: 443,800 shares. 3 month avg: 533,922 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

Chart pattern: Dead-cat bounce continuation pattern from 08/08/2022 to 08/08/2022

Breakout is downward 67% of the time.
Average decline: 18%.

Alcoa (AA)

Industry: Aerospace/Defense

Industry RS rank: 11 out of 60

Stock RS rank: 495 out of 560

8/11/22 close: $53.27

1 Month avg volatility: $2.29. Volatility stop (for upward breakout): $48.53 or 8.9% below the close.

Change YTD: -10.59%

Volume: 4,886,600 shares. 3 month avg: 8,355,648 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Bottom, Adam and Eve reversal pattern from 07/06/2022 to 07/14/2022

Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

Allstate Corp (ALL)

Industry: Insurance (Prop/Casualty)

Industry RS rank: 17 out of 60

Stock RS rank: 171 out of 560

8/11/22 close: $126.94

1 Month avg volatility: $2.82. Volatility stop (for upward breakout): $118.70 or 6.5% below the close.

Change YTD: 7.90%

Volume: 1,911,300 shares. 3 month avg: 1,838,948 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 07/21/2022 to 08/04/2022

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Amedisys Inc (AMED)

Industry: Medical Services

Industry RS rank: 16 out of 60

Stock RS rank: 368 out of 560

8/11/22 close: $122.45

1 Month avg volatility: $4.89. Volatility stop (for upward breakout): $111.51 or 8.9% below the close.

Change YTD: -24.36%

Volume: 215,000 shares. 3 month avg: 412,928 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Triangle, symmetrical continuation pattern from 07/22/2022 to 08/11/2022

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

American Eagle Outfitters Inc. (AEO)

Industry: Apparel

Industry RS rank: 57 out of 60

Stock RS rank: 550 out of 560

8/11/22 close: $12.46

1 Month avg volatility: $0.52. Volatility stop (for upward breakout): $11.09 or 11.0% below the close.

Change YTD: -50.79%

Volume: 3,908,700 shares. 3 month avg: 4,309,748 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 07/01/2022 to 07/26/2022

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

AmerisourceBergen Corp (ABC)

Industry: Biotechnology

Industry RS rank: 38 out of 60

Stock RS rank: 154 out of 560

8/11/22 close: $148.22

1 Month avg volatility: $3.16. Volatility stop (for upward breakout): $137.75 or 7.1% below the close.

Change YTD: 11.54%

Volume: 1,138,300 shares. 3 month avg: 798,808 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 07/14/2022 to 08/03/2022

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Apogee Enterprises (APOG)

Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 33 out of 60

Stock RS rank: 252 out of 560

8/11/22 close: $43.46

1 Month avg volatility: $0.98. Volatility stop (for upward breakout): $41.36 or 4.8% below the close.

Change YTD: -9.74%

Volume: 53,400 shares. 3 month avg: 243,183 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 06/16/2022 to 07/14/2022

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Arrow Electronics (ARW)

Industry: Electronics

Industry RS rank: 23 out of 60

Stock RS rank: 379 out of 560

8/11/22 close: $111.49

1 Month avg volatility: $2.97. Volatility stop (for downward breakout): $118.60 or 6.4% above the close.

Change YTD: -16.97%

Volume: 461,500 shares. 3 month avg: 447,163 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Pipe top reversal pattern from 07/25/2022 to 08/01/2022

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Ashland Inc. (ASH)

Industry: Chemical (Basic)

Industry RS rank: 41 out of 60

Stock RS rank: 104 out of 560

8/11/22 close: $105.17

1 Month avg volatility: $2.58. Volatility stop (for upward breakout): $99.95 or 5.0% below the close.

Change YTD: -2.31%

Volume: 300,400 shares. 3 month avg: 610,854 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Three Rising Valleys reversal pattern from 06/17/2022 to 08/01/2022

Breakout is upward 100% of the time.
Average rise: 41%.
Break-even failure rate: 5%.
Throwbacks occur 60% of the time.
Price hits measure rule target 58% of the time.

Bed Bath and Beyond (BBBY)

Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 43 out of 60

Stock RS rank: 535 out of 560

8/11/22 close: $10.63

1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $8.35 or 21.5% below the close.

Change YTD: -27.09%

Volume: 37,274,000 shares. 3 month avg: 4,821,077 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

Chart pattern: Big W reversal pattern from 07/01/2022 to 07/27/2022

WARNING: A dead-cat bounce occurred on 08/09/2022. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/08/2022 and a 38% chance by 02/07/2023.
Breakout is upward 71% of the time.
Average rise: 31%.
Break-even failure rate: 11%.
Throwbacks occur 32% of the time.
Price hits measure rule target 42% of the time.

Berry Global Group Inc (BERY)

Industry: Packaging and Container

Industry RS rank: 35 out of 60

Stock RS rank: 288 out of 560

8/11/22 close: $58.77

1 Month avg volatility: $1.43. Volatility stop (for upward breakout): $55.76 or 5.1% below the close.

Change YTD: -20.34%

Volume: 631,200 shares. 3 month avg: 894,866 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

Chart pattern: Pipe bottom reversal pattern from 06/13/2022 to 06/21/2022

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Best Buy Co. (BBY)

Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 43 out of 60

Stock RS rank: 465 out of 560

8/11/22 close: $80.42

1 Month avg volatility: $2.54. Volatility stop (for upward breakout): $74.47 or 7.4% below the close.

Change YTD: -20.85%

Volume: 2,031,500 shares. 3 month avg: 4,325,955 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.

Chart pattern: Ugly double bottom reversal pattern from 06/30/2022 to 07/26/2022

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

Big Lots Inc. (BIG)

Industry: Retail Store

Industry RS rank: 28 out of 60

Stock RS rank: 539 out of 560

8/11/22 close: $23.15

1 Month avg volatility: $1.21. Volatility stop (for upward breakout): $20.49 or 11.5% below the close.

Change YTD: -48.61%

Volume: 962,000 shares. 3 month avg: 984,457 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Monday.

Chart pattern: Pipe bottom reversal pattern from 07/25/2022 to 08/01/2022

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Bread Financial Holdings (BFH)

Industry: Information Services

Industry RS rank: 25 out of 60

Stock RS rank: 543 out of 560

8/11/22 close: $44.06

1 Month avg volatility: $1.91. Volatility stop (for downward breakout): $49.47 or 12.3% above the close.

Change YTD: -33.81%

Volume: 799,700 shares. 3 month avg: 943,408 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

Chart pattern: Pipe top reversal pattern from 07/18/2022 to 07/25/2022

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

CACI International (CACI)

Industry: IT Services

Industry RS rank: 24 out of 60

Stock RS rank: 114 out of 560

8/11/22 close: $276.00

1 Month avg volatility: $5.36. Volatility stop (for downward breakout): $287.51 or 4.2% above the close.

Change YTD: 2.52%

Volume: 489,400 shares. 3 month avg: 131,971 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Pipe top reversal pattern from 07/25/2022 to 08/01/2022

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Caleres (CAL)

Industry: Shoe

Industry RS rank: 40 out of 60

Stock RS rank: 18 out of 560

8/11/22 close: $29.76

1 Month avg volatility: $1.15. Volatility stop (for upward breakout): $26.65 or 10.5% below the close.

Change YTD: 31.22%

Volume: 908,300 shares. 3 month avg: 329,342 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.

Chart pattern: Pipe bottom reversal pattern from 07/25/2022 to 08/01/2022

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Chicos FAS Inc. (CHS)

Industry: Apparel

Industry RS rank: 57 out of 60

Stock RS rank: 14 out of 560

8/11/22 close: $6.43

1 Month avg volatility: $0.25. Volatility stop (for upward breakout): $5.76 or 10.4% below the close.

Change YTD: 19.52%

Volume: 1,651,200 shares. 3 month avg: 2,783,222 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

Chart pattern: Pipe bottom reversal pattern from 07/25/2022 to 08/01/2022

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Church and Dwight Co Inc (CHD)

Industry: Household Products

Industry RS rank: 18 out of 60

Stock RS rank: 371 out of 560

8/11/22 close: $87.59

1 Month avg volatility: $1.58. Volatility stop (for downward breakout): $91.70 or 4.7% above the close.

Change YTD: -14.55%

Volume: 1,478,700 shares. 3 month avg: 2,023,622 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Monday.

Chart pattern: Double Top, Eve and Adam reversal pattern from 07/13/2022 to 07/28/2022

Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

Clean Energy Fuels Corp. (CLNE)

Industry: Natural Gas (Distributor)

Industry RS rank: 6 out of 60

Stock RS rank: 27 out of 560

8/11/22 close: $8.27

1 Month avg volatility: $0.39. Volatility stop (for upward breakout): $7.25 or 12.3% below the close.

Change YTD: 34.91%

Volume: 4,753,800 shares. 3 month avg: 1,021,160 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.

Chart pattern: Flag, high and tight continuation pattern from 07/05/2022 to 08/11/2022

WARNING: A dead-cat bounce occurred on 05/06/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/04/2022.
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

Conns Inc (CONN)

Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 43 out of 60

Stock RS rank: 555 out of 560

8/11/22 close: $11.30

1 Month avg volatility: $0.53. Volatility stop (for upward breakout): $10.12 or 10.5% below the close.

Change YTD: -51.96%

Volume: 174,300 shares. 3 month avg: 567,568 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

Chart pattern: Big W reversal pattern from 06/17/2022 to 07/01/2022

Breakout is upward 71% of the time.
Average rise: 31%.
Break-even failure rate: 11%.
Throwbacks occur 32% of the time.
Price hits measure rule target 42% of the time.

ConocoPhillips (COP)

Industry: Petroleum (Integrated)

Industry RS rank: 3 out of 60

Stock RS rank: 105 out of 560

8/11/22 close: $100.36

1 Month avg volatility: $3.13. Volatility stop (for upward breakout): $91.26 or 9.1% below the close.

Change YTD: 39.04%

Volume: 6,466,700 shares. 3 month avg: 6,156,062 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Ugly double bottom reversal pattern from 07/14/2022 to 08/05/2022

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

Coty (COTY)

Industry: Toiletries/Cosmetics

Industry RS rank: 59 out of 60

Stock RS rank: 478 out of 560

8/11/22 close: $7.42

1 Month avg volatility: $0.29. Volatility stop (for upward breakout): $6.83 or 7.9% below the close.

Change YTD: -29.33%

Volume: 4,724,300 shares. 3 month avg: 5,764,371 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

Chart pattern: Triangle, symmetrical continuation pattern from 06/28/2022 to 08/11/2022

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

eBay, Inc. (EBAY)

Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 58 out of 60

Stock RS rank: 457 out of 560

8/11/22 close: $48.57

1 Month avg volatility: $1.35. Volatility stop (for downward breakout): $52.22 or 7.5% above the close.

Change YTD: -26.96%

Volume: 4,529,100 shares. 3 month avg: 8,868,903 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Diamond top reversal pattern from 07/29/2022 to 08/11/2022

Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

Elevance Health (ELV)

Industry: Medical Services

Industry RS rank: 16 out of 60

Stock RS rank: 169 out of 560

8/11/22 close: $477.11

1 Month avg volatility: $11.86. Volatility stop (for downward breakout): $507.29 or 6.3% above the close.

Change YTD: 2.93%

Volume: 841,700 shares. 3 month avg: 1,162,854 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Diamond top reversal pattern from 06/27/2022 to 08/10/2022

Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

EOG Resources (EOG)

Industry: Natural Gas (Distributor)

Industry RS rank: 6 out of 60

Stock RS rank: 184 out of 560

8/11/22 close: $113.54

1 Month avg volatility: $4.12. Volatility stop (for upward breakout): $102.69 or 9.6% below the close.

Change YTD: 27.82%

Volume: 3,205,500 shares. 3 month avg: 2,618,102 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Ugly double bottom reversal pattern from 07/14/2022 to 08/05/2022

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

EPAM Systems Inc (EPAM)

Industry: IT Services

Industry RS rank: 24 out of 60

Stock RS rank: 319 out of 560

8/11/22 close: $435.61

1 Month avg volatility: $14.49. Volatility stop (for downward breakout): $474.61 or 9.0% above the close.

Change YTD: -34.83%

Volume: 557,500 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Triangle, descending reversal pattern from 06/22/2022 to 07/20/2022

WARNING: A dead-cat bounce occurred on 02/28/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 08/29/2022.
Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

Exelon Corp. (EXC)

Industry: Electric Utility (East)

Industry RS rank: 8 out of 60

Stock RS rank: 116 out of 560

8/11/22 close: $45.70

1 Month avg volatility: $0.89. Volatility stop (for downward breakout): $48.08 or 5.2% above the close.

Change YTD: -20.88%

Volume: 4,247,300 shares. 3 month avg: 5,244,875 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Triangle, descending reversal pattern from 07/01/2022 to 07/21/2022

Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

FirstEnergy Corp. (FE)

Industry: Electric Utility (East)

Industry RS rank: 8 out of 60

Stock RS rank: 262 out of 560

8/11/22 close: $40.07

1 Month avg volatility: $0.80. Volatility stop (for upward breakout): $37.87 or 5.5% below the close.

Change YTD: -3.65%

Volume: 5,461,500 shares. 3 month avg: 4,155,280 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Scallop, ascending continuation pattern from 07/01/2022 to 07/29/2022

Breakout is upward 80% of the time.
Average rise: 31%.
Break-even failure rate: 10%.
Throwbacks occur 58% of the time.
Price hits measure rule target 58% of the time.

Gap Inc. (GPS)

Industry: Apparel

Industry RS rank: 57 out of 60

Stock RS rank: 544 out of 560

8/11/22 close: $10.38

1 Month avg volatility: $0.42. Volatility stop (for upward breakout): $9.19 or 11.5% below the close.

Change YTD: -41.19%

Volume: 10,873,300 shares. 3 month avg: 5,662,882 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Scallop, ascending and inverted continuation pattern from 07/13/2022 to 07/26/2022

WARNING: A dead-cat bounce occurred on 04/22/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 10/21/2022.
Breakout is upward 100% of the time.
Average rise: 43%.
Break-even failure rate: 4%.
Throwbacks occur 61% of the time.
Price hits measure rule target 61% of the time.

Interpublic Group of Companies (IPG)

Industry: Advertising

Industry RS rank: 51 out of 60

Stock RS rank: 479 out of 560

8/11/22 close: $30.37

1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $28.60 or 5.8% below the close.

Change YTD: -18.91%

Volume: 2,712,600 shares. 3 month avg: 6,516,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Bottom, Adam and Eve reversal pattern from 07/26/2022 to 08/05/2022

Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 5%.
Throwbacks occur 59% of the time.
Price hits measure rule target 66% of the time.

Invitae Corp (NVTA)

Industry: Medical Services

Industry RS rank: 16 out of 60

Stock RS rank: 559 out of 560

8/11/22 close: $4.51

1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $7.93 or 75.9% above the close.

Change YTD: -70.46%

Volume: 113,455,500 shares. 3 month avg: 321,822 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

Chart pattern: Dead-cat bounce continuation pattern from 08/11/2022 to 08/11/2022

Breakout is downward 67% of the time.
Average decline: 18%.

Kforce Inc (KFRC)

Industry: Human Resources

Industry RS rank: 50 out of 60

Stock RS rank: 490 out of 560

8/11/22 close: $55.33

1 Month avg volatility: $2.02. Volatility stop (for downward breakout): $61.14 or 10.5% above the close.

Change YTD: -26.44%

Volume: 135,900 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Pipe top reversal pattern from 07/25/2022 to 08/01/2022

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

LiveRamp Holdings (RAMP)

Industry: Computer Software and Svcs

Industry RS rank: 46 out of 60

Stock RS rank: 552 out of 560

8/11/22 close: $22.69

1 Month avg volatility: $1.07. Volatility stop (for upward breakout): $20.37 or 10.2% below the close.

Change YTD: -52.68%

Volume: 837,100 shares. 3 month avg: 906,945 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Triangle, symmetrical continuation pattern from 06/27/2022 to 08/04/2022

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

Macys, Inc (M)

Industry: Retail Store

Industry RS rank: 28 out of 60

Stock RS rank: 508 out of 560

8/11/22 close: $19.53

1 Month avg volatility: $0.76. Volatility stop (for upward breakout): $17.55 or 10.1% below the close.

Change YTD: -25.40%

Volume: 15,379,900 shares. 3 month avg: 14,056,392 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.

Chart pattern: Ugly double bottom reversal pattern from 07/14/2022 to 07/27/2022

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

Manpower Inc. (MAN)

Industry: Human Resources

Industry RS rank: 50 out of 60

Stock RS rank: 502 out of 560

8/11/22 close: $81.12

1 Month avg volatility: $2.02. Volatility stop (for upward breakout): $76.59 or 5.6% below the close.

Change YTD: -16.65%

Volume: 373,900 shares. 3 month avg: 353,946 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Triple bottom reversal pattern from 06/30/2022 to 07/26/2022

Breakout is upward 100% of the time.
Average rise: 37%.
Break-even failure rate: 4%.
Throwbacks occur 64% of the time.
Price hits measure rule target 64% of the time.

Matrix Service Co. (MTRX)

Industry: Oilfield Svcs/Equipment

Industry RS rank: 7 out of 60

Stock RS rank: 339 out of 560

8/11/22 close: $5.77

1 Month avg volatility: $0.22. Volatility stop (for upward breakout): $4.91 or 14.9% below the close.

Change YTD: -23.27%

Volume: 103,000 shares. 3 month avg: 303,508 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Head-and-shoulders complex bottom reversal pattern from 06/17/2022 to 08/05/2022

Breakout is upward 100% of the time.
Average rise: 39%.
Break-even failure rate: 4%.
Throwbacks occur 63% of the time.
Price hits measure rule target 74% of the time.

Meta (Facebook) (META)

Industry: E-Commerce

Industry RS rank: 54 out of 60

Stock RS rank: 482 out of 560

8/11/22 close: $177.49

1 Month avg volatility: $6.46. Volatility stop (for upward breakout): $163.45 or 7.9% below the close.

Change YTD: -47.23%

Volume: 23,989,000 shares. 3 month avg: 16,363,594 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

Chart pattern: Pipe bottom reversal pattern from 07/25/2022 to 08/01/2022

Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

Netflix, Inc (NFLX)

Industry: Internet
WARNING: This industry is within the top 7 that Dead-cat bounce often.

Industry RS rank: 58 out of 60

Stock RS rank: 546 out of 560

8/11/22 close: $242.70

1 Month avg volatility: $9.76. Volatility stop (for upward breakout): $221.98 or 8.5% below the close.

Change YTD: -59.71%

Volume: 8,717,200 shares. 3 month avg: 6,844,629 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

Chart pattern: Pennant continuation pattern from 07/22/2022 to 08/05/2022

WARNING: A dead-cat bounce occurred on 04/20/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 10/19/2022.
Breakout is upward 61% of the time.
Average rise: 25%.
Break-even failure rate: 2%.
Throwbacks occur 47% of the time.
Price hits measure rule target 60% of the time.

Oxford Industries (OXM)

Industry: Apparel

Industry RS rank: 57 out of 60

Stock RS rank: 35 out of 560

8/11/22 close: $104.63

1 Month avg volatility: $2.74. Volatility stop (for upward breakout): $98.49 or 5.9% below the close.

Change YTD: 3.06%

Volume: 190,800 shares. 3 month avg: 112,505 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.

Chart pattern: Ugly double bottom reversal pattern from 05/24/2022 to 06/16/2022

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

Palto Alto Networks Inc (PANW)

Industry: Computer Software and Svcs

Industry RS rank: 46 out of 60

Stock RS rank: 242 out of 560

8/11/22 close: $516.51

1 Month avg volatility: $17.73. Volatility stop (for downward breakout): $572.55 or 10.9% above the close.

Change YTD: -7.23%

Volume: 1,180,300 shares. 3 month avg: 1,496,697 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Roof, inverted reversal pattern from 06/27/2022 to 08/10/2022

Breakout is downward 50% of the time.
Average decline: 17%.
Break-even failure rate: 10%.
Pullbacks occur 56% of the time.
Price hits measure rule target 73% of the time.

Prudential Financial Inc (PRU)

Industry: Insurance (Life)

Industry RS rank: 27 out of 60

Stock RS rank: 402 out of 560

8/11/22 close: $102.99

1 Month avg volatility: $1.99. Volatility stop (for upward breakout): $98.59 or 4.3% below the close.

Change YTD: -4.85%

Volume: 1,535,200 shares. 3 month avg: 1,758,845 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Ugly double bottom reversal pattern from 07/14/2022 to 08/03/2022

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

Raymond James Financial, Inc. (RJF)

Industry: Securities Brokerage

Industry RS rank: 42 out of 60

Stock RS rank: 291 out of 560

8/11/22 close: $107.44

1 Month avg volatility: $2.23. Volatility stop (for upward breakout): $102.11 or 5.0% below the close.

Change YTD: 7.01%

Volume: 924,200 shares. 3 month avg: 692,654 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.

Chart pattern: Double Bottom, Eve and Adam reversal pattern from 06/13/2022 to 07/14/2022

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 4%.
Throwbacks occur 57% of the time.
Price hits measure rule target 66% of the time.

Reinsurance Group of America (RGA)

Industry: Insurance (Life)

Industry RS rank: 27 out of 60

Stock RS rank: 62 out of 560

8/11/22 close: $130.29

1 Month avg volatility: $2.54. Volatility stop (for upward breakout): $123.85 or 4.9% below the close.

Change YTD: 19.00%

Volume: 312,700 shares. 3 month avg: 326,800 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

Chart pattern: Three Rising Valleys reversal pattern from 03/08/2022 to 06/16/2022

Breakout is upward 100% of the time.
Average rise: 41%.
Break-even failure rate: 5%.
Throwbacks occur 60% of the time.
Price hits measure rule target 58% of the time.

ServiceNow Inc (NOW)

Industry: IT Services

Industry RS rank: 24 out of 60

Stock RS rank: 443 out of 560

8/11/22 close: $499.45

1 Month avg volatility: $19.71. Volatility stop (for upward breakout): $458.00 or 8.3% below the close.

Change YTD: -23.06%

Volume: 1,480,400 shares. 3 month avg: 1,411,754 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 07/14/2022 to 07/26/2022

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Silgan Holdings Inc (SLGN)

Industry: Packaging and Container

Industry RS rank: 35 out of 60

Stock RS rank: 152 out of 560

8/11/22 close: $45.12

1 Month avg volatility: $0.95. Volatility stop (for upward breakout): $43.18 or 4.3% below the close.

Change YTD: 5.32%

Volume: 454,700 shares. 3 month avg: 499,285 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

Chart pattern: Ugly double bottom reversal pattern from 07/11/2022 to 08/05/2022

Breakout is upward 100% of the time.
Average rise: 34%.
Break-even failure rate: 8%.
Throwbacks occur 59% of the time.
Price hits measure rule target 76% of the time.

Surmodics, Inc (SRDX)

Industry: Medical Supplies

Industry RS rank: 48 out of 60

Stock RS rank: 376 out of 560

8/11/22 close: $37.19

1 Month avg volatility: $1.51. Volatility stop (for downward breakout): $41.74 or 12.2% above the close.

Change YTD: -22.76%

Volume: 30,500 shares. 3 month avg: 37,286 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Pipe top reversal pattern from 07/18/2022 to 07/25/2022

Breakout is downward 100% of the time.
Average decline: 20%.
Break-even failure rate: 11%.
Pullbacks occur 41% of the time.
Price hits measure rule target 70% of the time.

Travelers Companies Inc, The (TRV)

Industry: Insurance (Prop/Casualty)

Industry RS rank: 17 out of 60

Stock RS rank: 228 out of 560

8/11/22 close: $168.81

1 Month avg volatility: $3.24. Volatility stop (for upward breakout): $159.52 or 5.5% below the close.

Change YTD: 7.91%

Volume: 1,300,900 shares. 3 month avg: 1,525,757 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Bottom, Adam and Adam reversal pattern from 07/21/2022 to 07/28/2022

Breakout is upward 100% of the time.
Average rise: 35%.
Break-even failure rate: 5%.
Throwbacks occur 64% of the time.
Price hits measure rule target 66% of the time.

Vertex Pharmaceuticals (VRTX)

Industry: Biotechnology

Industry RS rank: 38 out of 60

Stock RS rank: 37 out of 560

8/11/22 close: $292.16

1 Month avg volatility: $7.67. Volatility stop (for upward breakout): $274.43 or 6.1% below the close.

Change YTD: 33.04%

Volume: 1,157,900 shares. 3 month avg: 1,548,174 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Three Rising Valleys reversal pattern from 05/11/2022 to 08/03/2022

Breakout is upward 100% of the time.
Average rise: 41%.
Break-even failure rate: 5%.
Throwbacks occur 60% of the time.
Price hits measure rule target 58% of the time.

Westlake Chemical Corp (WLK)

Industry: Chemical (Basic)

Industry RS rank: 41 out of 60

Stock RS rank: 197 out of 560

8/11/22 close: $103.22

1 Month avg volatility: $2.93. Volatility stop (for upward breakout): $94.66 or 8.3% below the close.

Change YTD: 6.27%

Volume: 807,100 shares. 3 month avg: 812,517 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Friday.

Chart pattern: Head-and-shoulders complex bottom reversal pattern from 06/23/2022 to 08/05/2022

Breakout is upward 100% of the time.
Average rise: 39%.
Break-even failure rate: 4%.
Throwbacks occur 63% of the time.
Price hits measure rule target 74% of the time.

First Trust NASDAQ 100 Tech Sector ETF (QTEC)

Industry: Electronics

Industry RS rank: 23 out of 60

Stock RS rank: 427 out of 560

8/11/22 close: $133.02

1 Month avg volatility: $3.39. Volatility stop (for upward breakout): $125.92 or 5.3% below the close.

Change YTD: -24.06%

Volume: 71,500 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Triangle, symmetrical continuation pattern from 06/16/2022 to 07/18/2022

Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

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