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: 56 out of 60

Stock RS rank: 539 out of 554

10/20/22 close: $16.52

1 Month avg volatility: $0.96. Volatility stop (for upward breakout): $14.59 or 11.7% below the close.

Change YTD: -52.57%

Volume: 939,700 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: Triple bottom reversal pattern from 09/16/2022 to 10/13/2022

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 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.

Industry: Insurance (Diversified)

Industry RS rank: 23 out of 60

Stock RS rank: 166 out of 554

10/20/22 close: $59.15

1 Month avg volatility: $1.47. Volatility stop (for upward breakout): $55.99 or 5.3% below the close.

Change YTD: 1.30%

Volume: 2,243,700 shares. 3 month avg: 2,970,194 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 Bottom, Eve and Adam reversal pattern from 09/27/2022 to 10/13/2022

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.

Industry: Aerospace/Defense

Industry RS rank: 9 out of 60

Stock RS rank: 537 out of 554

10/20/22 close: $38.91

1 Month avg volatility: $2.56. Volatility stop (for downward breakout): $46.79 or 20.3% above the close.

Change YTD: -34.69%

Volume: 36,288,100 shares. 3 month avg: 8,355,648 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: Broadening top reversal pattern from 10/04/2022 to 10/20/2022

Breakout is downward 50% of the time.

Average decline: 15%.

Break-even failure rate: 18%.

Pullbacks occur 48% of the time.

Price hits measure rule target 37% of the time.

Industry: Chemical (Specialty)

Industry RS rank: 24 out of 60

Stock RS rank: 113 out of 554

10/20/22 close: $127.30

1 Month avg volatility: $3.33. Volatility stop (for upward breakout): $119.16 or 6.4% below the close.

Change YTD: -24.50%

Volume: 78,400 shares. 3 month avg: 82,003 shares.

This security may be thinly traded (less than 100k 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 bottom reversal pattern from 09/16/2022 to 10/07/2022

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.

Industry: Retail Building Supply

Industry RS rank: 25 out of 60

Stock RS rank: 213 out of 554

10/20/22 close: $52.68

1 Month avg volatility: $1.87. Volatility stop (for downward breakout): $57.84 or 9.8% above the close.

Change YTD: -8.14%

Volume: 662,000 shares. 3 month avg: 811,195 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 10/03/2022 to 10/10/2022

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: Internet

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

Industry RS rank: 37 out of 60

Stock RS rank: 333 out of 554

10/20/22 close: $1,773.62

1 Month avg volatility: $57.36. Volatility stop (for upward breakout): $1,648.84 or 7.0% below the close.

Change YTD: -26.08%

Volume: 343,900 shares. 3 month avg: 441,478 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 Bottom, Eve and Adam reversal pattern from 10/03/2022 to 10/13/2022

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.

Industry: Electronics

Industry RS rank: 16 out of 60

Stock RS rank: 298 out of 554

10/20/22 close: $9.14

1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $8.51 or 6.9% below the close.

Change YTD: -17.88%

Volume: 324,200 shares. 3 month avg: 557,234 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, Eve and Eve reversal pattern from 09/26/2022 to 10/13/2022

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: Petroleum (Integrated)

Industry RS rank: 2 out of 60

Stock RS rank: 93 out of 554

10/20/22 close: $168.96

1 Month avg volatility: $4.64. Volatility stop (for upward breakout): $158.67 or 6.1% below the close.

Change YTD: 43.98%

Volume: 8,778,500 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: Head-and-shoulders bottom reversal pattern from 09/07/2022 to 10/11/2022

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.

Industry: Retail (Special Lines)

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

Industry RS rank: 59 out of 60

Stock RS rank: 543 out of 554

10/20/22 close: $6.85

1 Month avg volatility: $0.52. Volatility stop (for downward breakout): $8.14 or 18.8% above the close.

Change YTD: -70.88%

Volume: 318,500 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: Dead-cat bounce continuation pattern from 10/18/2022 to 10/18/2022

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Petroleum (Producing)

Industry RS rank: 3 out of 60

Stock RS rank: 30 out of 554

10/20/22 close: $73.79

1 Month avg volatility: $1.90. Volatility stop (for upward breakout): $69.80 or 5.4% below the close.

Change YTD: 64.86%

Volume: 7,996,600 shares. 3 month avg: 2,362,946 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: Ugly double bottom reversal pattern from 09/26/2022 to 10/11/2022

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.

Industry: Metal Fabricating

Industry RS rank: 4 out of 60

Stock RS rank: 484 out of 554

10/20/22 close: $18.18

1 Month avg volatility: $1.17. Volatility stop (for upward breakout): $15.52 or 14.7% below the close.

Change YTD: -54.10%

Volume: 149,500 shares. 3 month avg: 60,208 shares.

This security may be thinly traded (less than 100k 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: Head-and-shoulders bottom reversal pattern from 09/13/2022 to 10/14/2022

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.

Industry: Cement and Aggregates

Industry RS rank: 32 out of 60

Stock RS rank: 196 out of 554

10/20/22 close: $111.26

1 Month avg volatility: $3.51. Volatility stop (for upward breakout): $104.23 or 6.3% below the close.

Change YTD: -33.16%

Volume: 255,400 shares. 3 month avg: 553,088 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: Ugly double bottom reversal pattern from 09/27/2022 to 10/13/2022

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.

Industry: Internet

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

Industry RS rank: 37 out of 60

Stock RS rank: 456 out of 554

10/20/22 close: $37.62

1 Month avg volatility: $1.15. Volatility stop (for upward breakout): $35.17 or 6.5% below the close.

Change YTD: -43.43%

Volume: 5,104,600 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 bottom reversal pattern from 09/27/2022 to 10/19/2022

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: Air Transport

Industry RS rank: 44 out of 60

Stock RS rank: 147 out of 554

10/20/22 close: $89.75

1 Month avg volatility: $2.18. Volatility stop (for upward breakout): $84.98 or 5.3% below the close.

Change YTD: -33.17%

Volume: 1,099,700 shares. 3 month avg: 1,055,643 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, Eve and Adam reversal pattern from 09/26/2022 to 10/13/2022

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.

Industry: Building Materials

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

Industry RS rank: 27 out of 60

Stock RS rank: 111 out of 554

10/20/22 close: $9.29

1 Month avg volatility: $0.41. Volatility stop (for upward breakout): $8.32 or 10.5% below the close.

Change YTD: -0.96%

Volume: 20,400 shares. 3 month avg: 24,458 shares.

This security may be thinly traded (less than 100k 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: Broadening bottom reversal pattern from 02/24/2022 to 09/26/2022

Breakout is upward 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Electronics

Industry RS rank: 16 out of 60

Stock RS rank: 519 out of 554

10/20/22 close: $5.18

1 Month avg volatility: $0.17. Volatility stop (for upward breakout): $4.75 or 8.3% below the close.

Change YTD: -49.76%

Volume: 1,077,800 shares. 3 month avg: 5,624,629 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: Broadening bottom reversal pattern from 09/23/2022 to 10/18/2022

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 53% of the time.

Average rise: 27%.

Break-even failure rate: 10%.

Throwbacks occur 41% of the time.

Price hits measure rule target 59% of the time.

Industry: Insurance (Prop/Casualty)

Industry RS rank: 14 out of 60

Stock RS rank: 214 out of 554

10/20/22 close: $132.43

1 Month avg volatility: $3.35. Volatility stop (for upward breakout): $124.50 or 6.0% below the close.

Change YTD: 1.05%

Volume: 418,500 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: Pipe bottom reversal pattern from 09/26/2022 to 10/03/2022

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.

Industry: Petroleum (Producing)

Industry RS rank: 3 out of 60

Stock RS rank: 162 out of 554

10/20/22 close: $44.21

1 Month avg volatility: $2.01. Volatility stop (for upward breakout): $39.01 or 11.8% below the close.

Change YTD: 86.54%

Volume: 1,194,800 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: Ugly double bottom reversal pattern from 09/23/2022 to 10/13/2022

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.

Industry: Securities Brokerage

Industry RS rank: 10 out of 60

Stock RS rank: 26 out of 554

10/20/22 close: $75.79

1 Month avg volatility: $2.23. Volatility stop (for upward breakout): $69.70 or 8.0% below the close.

Change YTD: -4.57%

Volume: 1,534,500 shares. 3 month avg: 658,995 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 Rising Valleys reversal pattern from 07/14/2022 to 09/27/2022

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.

Industry: Furn/Home Furnishings

Industry RS rank: 28 out of 60

Stock RS rank: 361 out of 554

10/20/22 close: $10.18

1 Month avg volatility: $0.38. Volatility stop (for upward breakout): $9.40 or 7.7% below the close.

Change YTD: -36.18%

Volume: 137,900 shares. 3 month avg: 457,515 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: Ugly double bottom reversal pattern from 09/27/2022 to 10/13/2022

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.

Industry: Chemical (Diversified)

Industry RS rank: 17 out of 60

Stock RS rank: 550 out of 554

10/20/22 close: $42.59

1 Month avg volatility: $2.26. Volatility stop (for upward breakout): $37.11 or 12.9% below the close.

Change YTD: -0.33%

Volume: 276,300 shares. 3 month avg: 1,190,495 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 08/02/2022

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.

Industry: Medical Supplies

Industry RS rank: 57 out of 60

Stock RS rank: 440 out of 554

10/20/22 close: $212.00

1 Month avg volatility: $6.91. Volatility stop (for upward breakout): $197.30 or 6.9% below the close.

Change YTD: -41.00%

Volume: 3,657,100 shares. 3 month avg: 571,982 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: Double Bottom, Eve and Eve reversal pattern from 09/27/2022 to 10/13/2022

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: Air Transport

Industry RS rank: 44 out of 60

Stock RS rank: 527 out of 554

10/20/22 close: $7.01

1 Month avg volatility: $0.32. Volatility stop (for upward breakout): $6.11 or 12.9% below the close.

Change YTD: -50.77%

Volume: 20,259,900 shares. 3 month avg: 6,141,268 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: Diamond bottom reversal pattern from 09/27/2022 to 10/19/2022

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: Metals and Mining (Div.)

Industry RS rank: 45 out of 60

Stock RS rank: 402 out of 554

10/20/22 close: $75.83

1 Month avg volatility: $2.96. Volatility stop (for upward breakout): $63.96 or 15.7% below the close.

Change YTD: -19.28%

Volume: 470,700 shares. 3 month avg: 141,669 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 09/29/2022 to 10/13/2022

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.

Industry: Metal Fabricating

Industry RS rank: 4 out of 60

Stock RS rank: 271 out of 554

10/20/22 close: $23.34

1 Month avg volatility: $0.85. Volatility stop (for upward breakout): $21.55 or 7.7% below the close.

Change YTD: -35.00%

Volume: 661,200 shares. 3 month avg: 854,403 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: Ugly double bottom reversal pattern from 09/23/2022 to 10/13/2022

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.

Industry: Aerospace/Defense

Industry RS rank: 9 out of 60

Stock RS rank: 127 out of 554

10/20/22 close: $239.00

1 Month avg volatility: $6.33. Volatility stop (for upward breakout): $223.57 or 6.5% below the close.

Change YTD: 12.08%

Volume: 1,417,700 shares. 3 month avg: 1,243,274 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 bottom reversal pattern from 09/26/2022 to 10/03/2022

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.

Industry: Furn/Home Furnishings

Industry RS rank: 28 out of 60

Stock RS rank: 297 out of 554

10/20/22 close: $22.48

1 Month avg volatility: $0.75. Volatility stop (for upward breakout): $20.93 or 6.9% below the close.

Change YTD: -38.09%

Volume: 276,000 shares. 3 month avg: 437,505 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: Broadening top, right-angled and descending continuation pattern from 09/23/2022 to 10/18/2022

Breakout is upward 51% of the time.

Average rise: 28%.

Break-even failure rate: 19%.

Throwbacks occur 52% of the time.

Price hits measure rule target 63% of the time.

Industry: Advertising

Industry RS rank: 50 out of 60

Stock RS rank: 397 out of 554

10/20/22 close: $87.44

1 Month avg volatility: $2.59. Volatility stop (for upward breakout): $81.76 or 6.5% below the close.

Change YTD: -27.91%

Volume: 401,600 shares. 3 month avg: 612,354 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, Eve and Eve reversal pattern from 09/26/2022 to 10/13/2022

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: Food Processing

Industry RS rank: 5 out of 60

Stock RS rank: 51 out of 554

10/20/22 close: $169.31

1 Month avg volatility: $3.50. Volatility stop (for upward breakout): $161.05 or 4.9% below the close.

Change YTD: 2.24%

Volume: 139,600 shares. 3 month avg: 112,417 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 bottom reversal pattern from 09/26/2022 to 10/03/2022

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.

Industry: IT Services

Industry RS rank: 15 out of 60

Stock RS rank: 228 out of 554

10/20/22 close: $93.35

1 Month avg volatility: $1.94. Volatility stop (for upward breakout): $88.95 or 4.7% below the close.

Change YTD: 5.01%

Volume: 448,700 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 Bottom, Eve and Adam reversal pattern from 09/29/2022 to 10/13/2022

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.

Industry: Oilfield Svcs/Equipment

Industry RS rank: 48 out of 60

Stock RS rank: 83 out of 554

10/20/22 close: $19.99

1 Month avg volatility: $0.78. Volatility stop (for upward breakout): $17.89 or 10.5% below the close.

Change YTD: 47.53%

Volume: 5,014,600 shares. 3 month avg: 3,130,966 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: Pennant continuation pattern from 10/06/2022 to 10/18/2022

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.

Industry: Retail Store

Industry RS rank: 46 out of 60

Stock RS rank: 466 out of 554

10/20/22 close: $19.41

1 Month avg volatility: $0.97. Volatility stop (for upward breakout): $17.34 or 10.6% below the close.

Change YTD: -14.19%

Volume: 3,660,000 shares. 3 month avg: 5,927,834 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: Head-and-shoulders bottom reversal pattern from 09/14/2022 to 10/13/2022

WARNING: A dead-cat bounce occurred on 08/24/2022. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/23/2022 and a 38% chance by 02/22/2023.

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.

Industry: Semiconductor

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

Industry RS rank: 55 out of 60

Stock RS rank: 521 out of 554

10/20/22 close: $121.94

1 Month avg volatility: $6.20. Volatility stop (for upward breakout): $108.65 or 10.9% below the close.

Change YTD: -58.54%

Volume: 64,774,100 shares. 3 month avg: 15,363,712 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: Broadening wedge, descending reversal pattern from 09/06/2022 to 10/13/2022

Breakout is upward 79% of the time.

Average rise: 33%.

Break-even failure rate: 6%.

Throwbacks occur 53% of the time.

Price hits measure rule target 79% of the time.

Industry: Chemical (Basic)

Industry RS rank: 52 out of 60

Stock RS rank: 305 out of 554

10/20/22 close: $47.50

1 Month avg volatility: $1.73. Volatility stop (for upward breakout): $43.75 or 7.9% below the close.

Change YTD: -17.42%

Volume: 1,347,400 shares. 3 month avg: 1,697,154 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: Ugly double bottom reversal pattern from 09/29/2022 to 10/13/2022

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.

Industry: Human Resources

Industry RS rank: 18 out of 60

Stock RS rank: 343 out of 554

10/20/22 close: $95.66

1 Month avg volatility: $2.81. Volatility stop (for upward breakout): $89.39 or 6.6% below the close.

Change YTD: -22.48%

Volume: 194,200 shares. 3 month avg: 295,840 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 09/27/2022 to 10/13/2022

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: Apparel

Industry RS rank: 56 out of 60

Stock RS rank: 125 out of 554

10/20/22 close: $90.48

1 Month avg volatility: $3.65. Volatility stop (for upward breakout): $82.72 or 8.6% below the close.

Change YTD: -10.87%

Volume: 174,400 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: Triangle, symmetrical continuation pattern from 09/14/2022 to 10/18/2022

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.

Industry: Medical Services

Industry RS rank: 20 out of 60

Stock RS rank: 281 out of 554

10/20/22 close: $20.86

1 Month avg volatility: $0.63. Volatility stop (for upward breakout): $19.53 or 6.4% below the close.

Change YTD: -17.42%

Volume: 297,700 shares. 3 month avg: 739,945 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: Diamond bottom reversal pattern from 09/22/2022 to 10/12/2022

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: IT Services

Industry RS rank: 15 out of 60

Stock RS rank: 45 out of 554

10/20/22 close: $96.55

1 Month avg volatility: $2.15. Volatility stop (for upward breakout): $90.96 or 5.8% below the close.

Change YTD: 15.50%

Volume: 199,900 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, Eve and Adam reversal pattern from 09/23/2022 to 10/13/2022

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.

Industry: Packaging and Container

Industry RS rank: 49 out of 60

Stock RS rank: 118 out of 554

10/20/22 close: $43.68

1 Month avg volatility: $1.06. Volatility stop (for upward breakout): $41.23 or 5.6% below the close.

Change YTD: 1.96%

Volume: 240,500 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: Double Bottom, Adam and Adam reversal pattern from 09/27/2022 to 10/13/2022

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: Shoe

Industry RS rank: 12 out of 60

Stock RS rank: 270 out of 554

10/20/22 close: $33.83

1 Month avg volatility: $1.25. Volatility stop (for upward breakout): $31.21 or 7.7% below the close.

Change YTD: -22.05%

Volume: 3,371,700 shares. 3 month avg: 3,234,920 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: Pipe bottom reversal pattern from 09/26/2022 to 10/03/2022

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.

Industry: Cement and Aggregates

Industry RS rank: 32 out of 60

Stock RS rank: 279 out of 554

10/20/22 close: $24.67

1 Month avg volatility: $0.96. Volatility stop (for upward breakout): $22.53 or 8.7% below the close.

Change YTD: -38.54%

Volume: 612,500 shares. 3 month avg: 1,204,178 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 Bottom, Eve and Eve reversal pattern from 09/27/2022 to 10/11/2022

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: Furn/Home Furnishings

Industry RS rank: 28 out of 60

Stock RS rank: 203 out of 554

10/20/22 close: $25.73

1 Month avg volatility: $1.10. Volatility stop (for upward breakout): $23.50 or 8.7% below the close.

Change YTD: -45.29%

Volume: 1,542,300 shares. 3 month avg: 985,960 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: Triangle, symmetrical continuation pattern from 09/15/2022 to 10/20/2022

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: Semiconductor

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

Industry RS rank: 55 out of 60

Stock RS rank: 217 out of 554

10/20/22 close: $153.72

1 Month avg volatility: $4.80. Volatility stop (for downward breakout): $166.39 or 8.2% above the close.

Change YTD: -18.44%

Volume: 6,506,000 shares. 3 month avg: 4,332,837 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 09/09/2022 to 10/05/2022

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: Metals and Mining (Div.)

Industry RS rank: 45 out of 60

Stock RS rank: 497 out of 554

10/20/22 close: $13.12

1 Month avg volatility: $0.60. Volatility stop (for upward breakout): $11.52 or 12.2% below the close.

Change YTD: 39.57%

Volume: 880,300 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 09/23/2022 to 10/13/2022

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.

Industry: Air Transport

Industry RS rank: 44 out of 60

Stock RS rank: 236 out of 554

10/20/22 close: $160.98

1 Month avg volatility: $4.11. Volatility stop (for upward breakout): $152.10 or 5.5% below the close.

Change YTD: -24.90%

Volume: 2,821,400 shares. 3 month avg: 2,659,363 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: Diamond bottom reversal pattern from 09/23/2022 to 10/19/2022

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: Chemical (Basic)

Industry RS rank: 52 out of 60

Stock RS rank: 451 out of 554

10/20/22 close: $89.88

1 Month avg volatility: $3.14. Volatility stop (for upward breakout): $83.04 or 7.6% below the close.

Change YTD: -7.46%

Volume: 1,081,400 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: Ugly double bottom reversal pattern from 09/23/2022 to 10/13/2022

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.

 

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