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

Copyright © 2022 by Thomas Bulkowski and ThePatternSite.com. All rights reserved.

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.

Industry: Apparel

Industry RS rank: 51 out of 60

Stock RS rank: 539 out of 555

9/29/22 close: $15.43

1 Month avg volatility: $0.83. Volatility stop (for upward breakout): $13.65 or 11.5% below the close.

Change YTD: -55.70%

Volume: 1,372,200 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: Triangle, symmetrical continuation pattern from 09/01/2022 to 09/29/2022

WARNING: A dead-cat bounce occurred on 05/24/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/22/2022.

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.

Industry: Diversified Co.

Industry RS rank: 52 out of 60

Stock RS rank: 56 out of 555

9/29/22 close: $39.72

1 Month avg volatility: $1.04. Volatility stop (for downward breakout): $42.31 or 6.5% above the close.

Change YTD: -15.06%

Volume: 451,900 shares. 3 month avg: 950,497 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: Double Top, Adam and Adam reversal pattern from 08/25/2022 to 09/09/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 8%.

Pullbacks occur 61% of the time.

Price hits measure rule target 72% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 41 out of 60

Stock RS rank: 293 out of 555

9/29/22 close: $57.28

1 Month avg volatility: $2.35. Volatility stop (for downward breakout): $63.35 or 10.6% above the close.

Change YTD: -5.32%

Volume: 532,600 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: Double Top, Eve and Adam reversal pattern from 08/15/2022 to 09/12/2022

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.

Industry: Petroleum (Producing)

Industry RS rank: 6 out of 60

Stock RS rank: 220 out of 555

9/29/22 close: $34.95

1 Month avg volatility: $1.84. Volatility stop (for downward breakout): $38.72 or 10.8% above the close.

Change YTD: 29.97%

Volume: 9,084,200 shares. 3 month avg: 7,966,826 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: Horn top reversal pattern from 08/29/2022 to 09/12/2022

Breakout is downward 100% of the time.

Average decline: 21%.

Break-even failure rate: 7%.

Pullbacks occur 33% of the time.

Price hits measure rule target 70% of the time.

Industry: Natural Gas (Diversified)

Industry RS rank: 4 out of 60

Stock RS rank: 186 out of 555

9/29/22 close: $104.66

1 Month avg volatility: $2.32. Volatility stop (for downward breakout): $113.50 or 8.5% above the close.

Change YTD: -0.10%

Volume: 639,700 shares. 3 month avg: 444,800 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: Pipe top reversal pattern from 08/01/2022 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.

Industry: Electric Utility (West)

Industry RS rank: 16 out of 60

Stock RS rank: 224 out of 555

9/29/22 close: $38.57

1 Month avg volatility: $0.90. Volatility stop (for downward breakout): $41.18 or 6.8% above the close.

Change YTD: -9.23%

Volume: 392,500 shares. 3 month avg: 396,820 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 Top, Adam and Eve reversal pattern from 07/01/2022 to 08/16/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Biotechnology

Industry RS rank: 26 out of 60

Stock RS rank: 13 out of 555

9/29/22 close: $264.28

1 Month avg volatility: $6.53. Volatility stop (for upward breakout): $247.30 or 6.4% below the close.

Change YTD: 10.15%

Volume: 6,179,700 shares. 3 month avg: 1,244,726 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: Double Bottom, Eve and Eve reversal pattern from 08/31/2022 to 09/23/2022

Breakout is upward 100% of the time.

Average rise: 40%.

Break-even failure rate: 4%.

Throwbacks occur 55% of the time.

Price hits measure rule target 67% of the time.

Industry: Chemical (Diversified)

Industry RS rank: 11 out of 60

Stock RS rank: 123 out of 555

9/29/22 close: $63.93

1 Month avg volatility: $2.39. Volatility stop (for downward breakout): $69.90 or 9.3% above the close.

Change YTD: 13.75%

Volume: 399,300 shares. 3 month avg: 325,852 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: Head-and-shoulders complex top reversal pattern from 07/29/2022 to 09/12/2022

Breakout is downward 100% of the time.

Average decline: 23%.

Break-even failure rate: 4%.

Pullbacks occur 67% of the time.

Price hits measure rule target 53% of the time.

Industry: Computer Software and Svcs

Industry RS rank: 41 out of 60

Stock RS rank: 59 out of 555

9/29/22 close: $164.69

1 Month avg volatility: $4.08. Volatility stop (for upward breakout): $155.00 or 5.9% below the close.

Change YTD: -11.62%

Volume: 1,580,900 shares. 3 month avg: 2,769,531 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: Diamond bottom reversal pattern from 09/15/2022 to 09/29/2022

Breakout is upward 69% of the time.

Average rise: 36%.

Break-even failure rate: 4%.

Throwbacks occur 53% of the time.

Price hits measure rule target 81% of the time.

Industry: Petroleum (Integrated)

Industry RS rank: 3 out of 60

Stock RS rank: 181 out of 555

9/29/22 close: $144.77

1 Month avg volatility: $3.77. Volatility stop (for downward breakout): $152.96 or 5.7% above the close.

Change YTD: 23.37%

Volume: 7,920,600 shares. 3 month avg: 5,172,805 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: Pipe top reversal pattern from 08/22/2022 to 08/29/2022

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.

Industry: Retail Store

Industry RS rank: 34 out of 60

Stock RS rank: 251 out of 555

9/29/22 close: $478.98

1 Month avg volatility: $12.58. Volatility stop (for downward breakout): $514.17 or 7.4% above the close.

Change YTD: -15.63%

Volume: 1,943,300 shares. 3 month avg: 3,225,345 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: Head-and-shoulders top reversal pattern from 08/01/2022 to 08/26/2022

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Toiletries/Cosmetics

Industry RS rank: 55 out of 60

Stock RS rank: 408 out of 555

9/29/22 close: $6.43

1 Month avg volatility: $0.33. Volatility stop (for downward breakout): $7.40 or 15.0% above the close.

Change YTD: -38.76%

Volume: 10,280,100 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: Triple top reversal pattern from 08/26/2022 to 09/21/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Machinery

Industry RS rank: 10 out of 60

Stock RS rank: 111 out of 555

9/29/22 close: $140.11

1 Month avg volatility: $3.81. Volatility stop (for downward breakout): $148.32 or 5.9% above the close.

Change YTD: 1.04%

Volume: 180,300 shares. 3 month avg: 230,622 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 Top, Adam and Adam reversal pattern from 08/26/2022 to 09/12/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 8%.

Pullbacks occur 61% of the time.

Price hits measure rule target 72% of the time.

Industry: Natural Gas (Distributor)

Industry RS rank: 7 out of 60

Stock RS rank: 99 out of 555

9/29/22 close: $112.97

1 Month avg volatility: $3.99. Volatility stop (for downward breakout): $121.26 or 7.3% above the close.

Change YTD: 27.18%

Volume: 2,957,100 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: Double Top, Adam and Eve reversal pattern from 08/29/2022 to 09/14/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Natural Gas (Diversified)

Industry RS rank: 4 out of 60

Stock RS rank: 22 out of 555

9/29/22 close: $39.53

1 Month avg volatility: $2.38. Volatility stop (for downward breakout): $45.05 or 14.0% above the close.

Change YTD: 81.25%

Volume: 7,929,200 shares. 3 month avg: 3,960,946 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: Double Top, Eve and Adam reversal pattern from 08/23/2022 to 09/14/2022

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.

Industry: Petroleum (Integrated)

Industry RS rank: 3 out of 60

Stock RS rank: 41 out of 555

9/29/22 close: $88.68

1 Month avg volatility: $2.42. Volatility stop (for downward breakout): $94.21 or 6.2% above the close.

Change YTD: 44.93%

Volume: 17,582,600 shares. 3 month avg: 15,538,298 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: Head-and-shoulders top reversal pattern from 07/29/2022 to 09/12/2022

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Electronics

Industry RS rank: 24 out of 60

Stock RS rank: 74 out of 555

9/29/22 close: $16.88

1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $18.24 or 8.1% above the close.

Change YTD: -7.91%

Volume: 2,589,800 shares. 3 month avg: 3,241,565 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: Pipe top reversal pattern from 09/06/2022 to 09/12/2022

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.

Industry: Metals and Mining (Div.)

Industry RS rank: 45 out of 60

Stock RS rank: 516 out of 555

9/29/22 close: $28.17

1 Month avg volatility: $1.22. Volatility stop (for downward breakout): $30.64 or 8.8% above the close.

Change YTD: -32.49%

Volume: 17,562,800 shares. 3 month avg: 23,596,338 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: Head-and-shoulders top reversal pattern from 08/11/2022 to 09/12/2022

Breakout is downward 100% of the time.

Average decline: 22%.

Break-even failure rate: 4%.

Pullbacks occur 50% of the time.

Price hits measure rule target 55% of the time.

Industry: Diversified Co.

Industry RS rank: 52 out of 60

Stock RS rank: 454 out of 555

9/29/22 close: $62.73

1 Month avg volatility: $1.91. Volatility stop (for downward breakout): $67.94 or 8.3% above the close.

Change YTD: -33.60%

Volume: 8,792,700 shares. 3 month avg: 6,323,323 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: Three Falling Peaks reversal pattern from 08/16/2022 to 09/12/2022

Breakout is downward 100% of the time.

Average decline: 17%.

Break-even failure rate: 12%.

Pullbacks occur 59% of the time.

Price hits measure rule target 33% of the time.

Industry: Insurance (Life)

Industry RS rank: 15 out of 60

Stock RS rank: 98 out of 555

9/29/22 close: $3.55

1 Month avg volatility: $0.13. Volatility stop (for downward breakout): $3.90 or 9.9% above the close.

Change YTD: -12.35%

Volume: 2,154,600 shares. 3 month avg: 4,022,160 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: Double Top, Eve and Adam reversal pattern from 08/16/2022 to 08/26/2022

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.

Industry: Building Materials

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

Industry RS rank: 28 out of 60

Stock RS rank: 6 out of 555

9/29/22 close: $29.39

1 Month avg volatility: $1.25. Volatility stop (for downward breakout): $31.94 or 8.7% above the close.

Change YTD: 3.20%

Volume: 310,400 shares. 3 month avg: 83,558 shares.

This security may be thinly traded (less than 100k 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 top reversal pattern from 09/06/2022 to 09/12/2022

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.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 17 out of 60

Stock RS rank: 194 out of 555

9/29/22 close: $129.99

1 Month avg volatility: $2.58. Volatility stop (for downward breakout): $135.68 or 4.4% above the close.

Change YTD: -0.82%

Volume: 292,900 shares. 3 month avg: 179,998 shares.

Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Monday.

 

Chart pattern: Double Top, Eve and Eve reversal pattern from 08/19/2022 to 09/19/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 11%.

Pullbacks occur 59% of the time.

Price hits measure rule target 73% of the time.

Industry: Petroleum (Producing)

Industry RS rank: 6 out of 60

Stock RS rank: 192 out of 555

9/29/22 close: $37.53

1 Month avg volatility: $2.17. Volatility stop (for downward breakout): $42.26 or 12.6% above the close.

Change YTD: 58.35%

Volume: 776,100 shares. 3 month avg: 1,326,055 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: Triple top reversal pattern from 07/29/2022 to 09/14/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Metal Fabricating

Industry RS rank: 5 out of 60

Stock RS rank: 203 out of 555

9/29/22 close: $183.88

1 Month avg volatility: $4.61. Volatility stop (for downward breakout): $195.51 or 6.3% above the close.

Change YTD: -25.49%

Volume: 1,296,800 shares. 3 month avg: 1,139,580 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: Pipe top reversal pattern from 09/06/2022 to 09/12/2022

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.

Industry: Chemical (Diversified)

Industry RS rank: 11 out of 60

Stock RS rank: 371 out of 555

9/29/22 close: $48.39

1 Month avg volatility: $2.32. Volatility stop (for downward breakout): $53.84 or 11.3% above the close.

Change YTD: 23.16%

Volume: 3,658,800 shares. 3 month avg: 4,715,435 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 top reversal pattern from 08/22/2022 to 08/29/2022

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.

Industry: Petroleum (Integrated)

Industry RS rank: 3 out of 60

Stock RS rank: 180 out of 555

9/29/22 close: $35.56

1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $38.91 or 9.4% above the close.

Change YTD: 36.19%

Volume: 1,276,100 shares. 3 month avg: 2,218,335 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: Horn top reversal pattern from 08/29/2022 to 09/12/2022

Breakout is downward 100% of the time.

Average decline: 21%.

Break-even failure rate: 7%.

Pullbacks occur 33% of the time.

Price hits measure rule target 70% of the time.

Industry: Electric Utility (East)

Industry RS rank: 13 out of 60

Stock RS rank: 270 out of 555

9/29/22 close: $56.92

1 Month avg volatility: $1.57. Volatility stop (for downward breakout): $62.73 or 10.2% above the close.

Change YTD: -14.70%

Volume: 2,760,900 shares. 3 month avg: 2,747,514 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 Top, Eve and Adam reversal pattern from 08/19/2022 to 09/12/2022

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.

Industry: Securities Brokerage

Industry RS rank: 14 out of 60

Stock RS rank: 178 out of 555

9/29/22 close: $98.28

1 Month avg volatility: $2.53. Volatility stop (for downward breakout): $105.39 or 7.2% above the close.

Change YTD: -2.11%

Volume: 1,290,800 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 Thursday.

 

Chart pattern: Double Top, Adam and Eve reversal pattern from 08/16/2022 to 09/21/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Insurance (Life)

Industry RS rank: 15 out of 60

Stock RS rank: 29 out of 555

9/29/22 close: $124.71

1 Month avg volatility: $2.51. Volatility stop (for downward breakout): $130.60 or 4.7% above the close.

Change YTD: 13.90%

Volume: 610,900 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: Double Top, Adam and Eve reversal pattern from 08/12/2022 to 09/15/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

Industry: Retail (Special Lines)

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

Industry RS rank: 46 out of 60

Stock RS rank: 127 out of 555

9/29/22 close: $84.03

1 Month avg volatility: $2.69. Volatility stop (for downward breakout): $91.53 or 8.9% above the close.

Change YTD: -26.47%

Volume: 2,046,900 shares. 3 month avg: 2,750,108 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: Double Top, Eve and Adam reversal pattern from 08/17/2022 to 09/12/2022

WARNING: A dead-cat bounce occurred on 05/20/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/18/2022.

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.

Industry: Trucking/Transp. Leasing

Industry RS rank: 27 out of 60

Stock RS rank: 360 out of 555

9/29/22 close: $194.65

1 Month avg volatility: $7.91. Volatility stop (for upward breakout): $178.57 or 8.3% below the close.

Change YTD: -42.25%

Volume: 442,000 shares. 3 month avg: 163,825 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 09/16/2022 to 09/23/2022

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.

Industry: Metal Fabricating

Industry RS rank: 5 out of 60

Stock RS rank: 90 out of 555

9/29/22 close: $58.85

1 Month avg volatility: $1.83. Volatility stop (for downward breakout): $64.16 or 9.0% above the close.

Change YTD: -15.07%

Volume: 695,800 shares. 3 month avg: 853,643 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 top reversal pattern from 09/06/2022 to 09/12/2022

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.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 17 out of 60

Stock RS rank: 75 out of 555

9/29/22 close: $65.18

1 Month avg volatility: $1.38. Volatility stop (for downward breakout): $68.14 or 4.6% above the close.

Change YTD: 18.67%

Volume: 1,914,500 shares. 3 month avg: 444,512 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: Triple top reversal pattern from 08/18/2022 to 09/09/2022

Breakout is downward 100% of the time.

Average decline: 19%.

Break-even failure rate: 10%.

Pullbacks occur 61% of the time.

Price hits measure rule target 40% of the time.

Industry: Semiconductor

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

Industry RS rank: 60 out of 60

Stock RS rank: 141 out of 555

9/29/22 close: $104.23

1 Month avg volatility: $5.77. Volatility stop (for downward breakout): $121.53 or 16.6% above the close.

Change YTD: -6.75%

Volume: 2,871,300 shares. 3 month avg: 2,005,123 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: Double Top, Adam and Eve reversal pattern from 08/26/2022 to 09/21/2022

Breakout is downward 100% of the time.

Average decline: 18%.

Break-even failure rate: 14%.

Pullbacks occur 59% of the time.

Price hits measure rule target 69% of the time.

 

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