As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%	Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%
Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

Patterns for the Weekend Details

Copyright © 2023 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: Industrial Services

Industry RS rank: 18 out of 60

Stock RS rank: 290 out of 625

2/23/23 close: $48.79

1 Month avg volatility: $0.93. Volatility stop (for upward breakout): $46.10 or 5.5% below the close.

Change YTD: 10.38%

Volume: 290,100 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: Three Rising Valleys reversal pattern from 12/14/2022 to 02/10/2023

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: IT Services

Industry RS rank: 37 out of 60

Stock RS rank: 235 out of 625

2/23/23 close: $26.15

1 Month avg volatility: $0.66. Volatility stop (for downward breakout): $27.80 or 6.3% above the close.

Change YTD: 13.70%

Volume: 619,900 shares. 3 month avg: 464,565 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 01/23/2023 to 02/07/2023

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: Chemical (Diversified)

Industry RS rank: 48 out of 60

Stock RS rank: 518 out of 625

2/23/23 close: $253.85

1 Month avg volatility: $11.10. Volatility stop (for downward breakout): $276.85 or 9.1% above the close.

Change YTD: 17.06%

Volume: 2,268,500 shares. 3 month avg: 1,363,352 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, Eve and Adam reversal pattern from 02/03/2023 to 02/16/2023

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: 7 out of 60

Stock RS rank: 170 out of 625

2/23/23 close: $97.53

1 Month avg volatility: $4.09. Volatility stop (for downward breakout): $108.91 or 11.7% above the close.

Change YTD: 39.25%

Volume: 258,400 shares. 3 month avg: 234,063 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, Eve and Eve reversal pattern from 02/07/2023 to 02/16/2023

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: Insurance (Life)

Industry RS rank: 17 out of 60

Stock RS rank: 106 out of 625

2/23/23 close: $62.33

1 Month avg volatility: $1.22. Volatility stop (for upward breakout): $59.46 or 4.6% below the close.

Change YTD: 0.11%

Volume: 156,000 shares. 3 month avg: 1,068,715 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 01/19/2023 to 02/23/2023

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: IT Services

Industry RS rank: 37 out of 60

Stock RS rank: 403 out of 625

2/23/23 close: $95.92

1 Month avg volatility: $1.90. Volatility stop (for upward breakout): $91.82 or 4.3% below the close.

Change YTD: -8.23%

Volume: 732,400 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, symmetrical continuation pattern from 01/26/2023 to 02/15/2023

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: Retail Building Supply

Industry RS rank: 20 out of 60

Stock RS rank: 60 out of 625

2/23/23 close: $80.01

1 Month avg volatility: $2.29. Volatility stop (for downward breakout): $84.74 or 5.9% above the close.

Change YTD: 23.32%

Volume: 1,248,200 shares. 3 month avg: 1,257,223 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: Triple top reversal pattern from 02/02/2023 to 02/15/2023

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: Apparel

Industry RS rank: 15 out of 60

Stock RS rank: 580 out of 625

2/23/23 close: $4.96

1 Month avg volatility: $0.23. Volatility stop (for downward breakout): $5.52 or 11.2% above the close.

Change YTD: 0.81%

Volume: 2,237,200 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: Head-and-shoulders top reversal pattern from 01/26/2023 to 02/16/2023

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: Industrial Services

Industry RS rank: 18 out of 60

Stock RS rank: 248 out of 625

2/23/23 close: $10.14

1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $11.11 or 9.6% above the close.

Change YTD: -12.28%

Volume: 767,700 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: Pipe top reversal pattern from 02/06/2023 to 02/13/2023

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: Information Services

Industry RS rank: 39 out of 60

Stock RS rank: 359 out of 625

2/23/23 close: $70.74

1 Month avg volatility: $1.95. Volatility stop (for upward breakout): $66.08 or 6.6% below the close.

Change YTD: -8.46%

Volume: 6,524,100 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: Triangle, symmetrical continuation pattern from 01/06/2023 to 02/21/2023

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: Petroleum (Producing)

Industry RS rank: 57 out of 60

Stock RS rank: 253 out of 625

2/23/23 close: $141.60

1 Month avg volatility: $4.43. Volatility stop (for upward breakout): $128.83 or 9.0% below the close.

Change YTD: 3.52%

Volume: 2,935,600 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: Triple bottom reversal pattern from 12/09/2022 to 01/04/2023

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: None

Industry RS rank: 54 out of 60

2/23/23 close: $33,153.91

1 Month avg volatility: $416.68. Volatility stop (for downward breakout): $34,105.76 or 2.9% above the close.

Change YTD: 0.02%

Volume: 0 shares. Could not calculate the 3 month avg volume.

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

 

Chart pattern: Broadening top reversal pattern from 02/02/2023 to 02/17/2023

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: Electronics

Industry RS rank: 44 out of 60

Stock RS rank: 39 out of 625

2/23/23 close: $23.39

1 Month avg volatility: $0.69. Volatility stop (for upward breakout): $21.76 or 7.0% below the close.

Change YTD: 8.99%

Volume: 2,148,500 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: Rectangle top continuation pattern from 01/11/2023 to 02/23/2023

Breakout is upward 68% of the time.

Average rise: 39%.

Break-even failure rate: 9%.

Throwbacks occur 64% of the time.

Price hits measure rule target 80% of the time.

Industry: Cement and Aggregates

Industry RS rank: 19 out of 60

Stock RS rank: 139 out of 625

2/23/23 close: $59.74

1 Month avg volatility: $1.49. Volatility stop (for downward breakout): $62.91 or 5.3% above the close.

Change YTD: 19.96%

Volume: 170,700 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: Double Top, Adam and Eve reversal pattern from 02/02/2023 to 02/16/2023

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: Internet

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

Industry RS rank: 4 out of 60

Stock RS rank: 569 out of 625

2/23/23 close: $90.89

1 Month avg volatility: $2.90. Volatility stop (for downward breakout): $97.75 or 7.5% above the close.

Change YTD: 3.01%

Volume: 40,030,000 shares. 3 month avg: 1,574,874 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: Pipe top reversal pattern from 01/30/2023 to 02/06/2023

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: Electronics

Industry RS rank: 44 out of 60

Stock RS rank: 543 out of 625

2/23/23 close: $5.36

1 Month avg volatility: $0.22. Volatility stop (for downward breakout): $5.84 or 8.9% above the close.

Change YTD: 7.63%

Volume: 1,428,200 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: Pipe top reversal pattern from 01/30/2023 to 01/30/2023

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: Building Materials

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

Industry RS rank: 25 out of 60

Stock RS rank: 144 out of 625

2/23/23 close: $37.12

1 Month avg volatility: $1.27. Volatility stop (for downward breakout): $40.34 or 8.7% above the close.

Change YTD: 3.72%

Volume: 443,100 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 01/30/2023 to 02/06/2023

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: Apparel

Industry RS rank: 15 out of 60

Stock RS rank: 154 out of 625

2/23/23 close: $21.40

1 Month avg volatility: $0.61. Volatility stop (for downward breakout): $22.72 or 6.1% above the close.

Change YTD: 3.43%

Volume: 403,300 shares. 3 month avg: 1,269,442 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: Head-and-shoulders top reversal pattern from 01/18/2023 to 02/15/2023

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: Furn/Home Furnishings

Industry RS rank: 29 out of 60

Stock RS rank: 601 out of 625

2/23/23 close: $8.70

1 Month avg volatility: $0.44. Volatility stop (for downward breakout): $9.75 or 12.1% above the close.

Change YTD: -11.85%

Volume: 814,100 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: Dead-cat bounce continuation pattern from 02/22/2023 to 02/22/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Chemical (Diversified)

Industry RS rank: 48 out of 60

Stock RS rank: 617 out of 625

2/23/23 close: $31.36

1 Month avg volatility: $1.29. Volatility stop (for downward breakout): $34.17 or 9.0% above the close.

Change YTD: 8.62%

Volume: 125,500 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: Horn top reversal pattern from 01/30/2023 to 02/13/2023

WARNING: A dead-cat bounce occurred on 11/03/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/04/2023.

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: Metals and Mining (Div.)

Industry RS rank: 5 out of 60

Stock RS rank: 320 out of 625

2/23/23 close: $78.81

1 Month avg volatility: $3.79. Volatility stop (for downward breakout): $88.01 or 11.7% above the close.

Change YTD: 3.75%

Volume: 332,400 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: Head-and-shoulders top reversal pattern from 01/18/2023 to 02/16/2023

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: Precision Instrument

Industry RS rank: 34 out of 60

Stock RS rank: 454 out of 625

2/23/23 close: $160.86

1 Month avg volatility: $3.75. Volatility stop (for downward breakout): $169.49 or 5.4% above the close.

Change YTD: -5.97%

Volume: 2,729,700 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: Triple top reversal pattern from 12/13/2022 to 02/16/2023

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: Aerospace/Defense

Industry RS rank: 16 out of 60

Stock RS rank: 494 out of 625

2/23/23 close: $209.55

1 Month avg volatility: $4.24. Volatility stop (for downward breakout): $222.13 or 6.0% above the close.

Change YTD: 0.64%

Volume: 904,000 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: Head-and-shoulders top reversal pattern from 02/01/2023 to 02/21/2023

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: Computer Software and Svcs

Industry RS rank: 47 out of 60

Stock RS rank: 137 out of 625

2/23/23 close: $23.92

1 Month avg volatility: $0.96. Volatility stop (for downward breakout): $26.12 or 9.2% above the close.

Change YTD: 2.05%

Volume: 691,000 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: Pipe top reversal pattern from 01/30/2023 to 02/06/2023

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: Building Materials

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

Industry RS rank: 25 out of 60

Stock RS rank: 524 out of 625

2/23/23 close: $13.38

1 Month avg volatility: $0.46. Volatility stop (for upward breakout): $11.85 or 11.5% below the close.

Change YTD: 0.60%

Volume: 1,324,600 shares. 3 month avg: 278,209 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: Big W reversal pattern from 01/20/2023 to 02/10/2023

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.

Industry: Aerospace/Defense

Industry RS rank: 16 out of 60

Stock RS rank: 396 out of 625

2/23/23 close: $476.26

1 Month avg volatility: $12.95. Volatility stop (for upward breakout): $446.81 or 6.2% below the close.

Change YTD: -12.71%

Volume: 994,900 shares. 3 month avg: 756,831 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 01/27/2023 to 02/16/2023

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: E-Commerce

Industry RS rank: 38 out of 60

Stock RS rank: 9 out of 625

2/23/23 close: $28.66

1 Month avg volatility: $0.82. Volatility stop (for downward breakout): $30.58 or 6.7% above the close.

Change YTD: 10.02%

Volume: 1,985,400 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 top reversal pattern from 02/03/2023 to 02/15/2023

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: Advertising

Industry RS rank: 11 out of 60

Stock RS rank: 445 out of 625

2/23/23 close: $17.74

1 Month avg volatility: $0.57. Volatility stop (for downward breakout): $19.66 or 10.8% above the close.

Change YTD: 7.00%

Volume: 3,450,600 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: Pipe top reversal pattern from 01/30/2023 to 02/06/2023

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: IT Services

Industry RS rank: 37 out of 60

Stock RS rank: 555 out of 625

2/23/23 close: $111.32

1 Month avg volatility: $2.36. Volatility stop (for downward breakout): $116.53 or 4.7% above the close.

Change YTD: -3.67%

Volume: 1,266,900 shares. 3 month avg: 1,495,946 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: Triple top reversal pattern from 01/13/2023 to 02/02/2023

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: Precision Instrument

Industry RS rank: 34 out of 60

Stock RS rank: 487 out of 625

2/23/23 close: $128.01

1 Month avg volatility: $3.92. Volatility stop (for downward breakout): $138.35 or 8.1% above the close.

Change YTD: -8.71%

Volume: 1,043,600 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: Double Top, Adam and Adam reversal pattern from 02/02/2023 to 02/14/2023

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: Electric Utility (West)

Industry RS rank: 52 out of 60

Stock RS rank: 483 out of 625

2/23/23 close: $48.36

1 Month avg volatility: $1.04. Volatility stop (for upward breakout): $45.95 or 5.0% below the close.

Change YTD: -1.31%

Volume: 632,900 shares. 3 month avg: 771,474 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 Adam reversal pattern from 01/20/2023 to 02/16/2023

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: Chemical (Diversified)

Industry RS rank: 48 out of 60

Stock RS rank: 346 out of 625

2/23/23 close: $128.17

1 Month avg volatility: $2.97. Volatility stop (for downward breakout): $136.03 or 6.1% above the close.

Change YTD: 1.93%

Volume: 1,137,300 shares. 3 month avg: 1,342,054 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, descending reversal pattern from 01/26/2023 to 02/23/2023

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.

Industry: Electric Utility (West)

Industry RS rank: 52 out of 60

Stock RS rank: 470 out of 625

2/23/23 close: $155.66

1 Month avg volatility: $3.00. Volatility stop (for upward breakout): $148.35 or 4.7% below the close.

Change YTD: 0.72%

Volume: 1,019,200 shares. 3 month avg: 1,356,452 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: Triangle, symmetrical continuation pattern from 12/13/2022 to 02/23/2023

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: Air Transport

Industry RS rank: 51 out of 60

Stock RS rank: 506 out of 625

2/23/23 close: $33.64

1 Month avg volatility: $0.92. Volatility stop (for downward breakout): $35.77 or 6.3% above the close.

Change YTD: -0.09%

Volume: 6,200,100 shares. 3 month avg: 5,071,869 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: Head-and-shoulders top reversal pattern from 01/18/2023 to 02/02/2023

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: Cement and Aggregates

Industry RS rank: 19 out of 60

Stock RS rank: 352 out of 625

2/23/23 close: $30.06

1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $32.12 or 6.8% above the close.

Change YTD: 5.88%

Volume: 804,600 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 Top, Eve and Adam reversal pattern from 02/02/2023 to 02/15/2023

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: Retail Store

Industry RS rank: 35 out of 60

Stock RS rank: 75 out of 625

2/23/23 close: $77.75

1 Month avg volatility: $1.37. Volatility stop (for downward breakout): $80.72 or 3.8% above the close.

Change YTD: -2.32%

Volume: 6,375,100 shares. 3 month avg: 4,406,445 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 Eve reversal pattern from 01/09/2023 to 01/26/2023

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: Natural Gas (Distributor)

Industry RS rank: 49 out of 60

Stock RS rank: 446 out of 625

2/23/23 close: $38.06

1 Month avg volatility: $1.09. Volatility stop (for downward breakout): $40.64 or 6.8% above the close.

Change YTD: 2.67%

Volume: 851,500 shares. 3 month avg: 686,418 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 01/30/2023 to 02/06/2023

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: Financial Services

Industry RS rank: 27 out of 60

Stock RS rank: 218 out of 625

2/23/23 close: $221.13

1 Month avg volatility: $3.59. Volatility stop (for downward breakout): $229.28 or 3.7% above the close.

Change YTD: 6.44%

Volume: 5,506,600 shares. 3 month avg: 6,911,166 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: Head-and-shoulders top reversal pattern from 01/27/2023 to 02/09/2023

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: 44 out of 60

Stock RS rank: 24 out of 625

2/23/23 close: $166.54

1 Month avg volatility: $5.58. Volatility stop (for downward breakout): $178.50 or 7.2% above the close.

Change YTD: 27.29%

Volume: 355,100 shares. 3 month avg: 255,915 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 reversal pattern from 02/02/2023 to 02/16/2023

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 (Basic)

Industry RS rank: 36 out of 60

Stock RS rank: 120 out of 625

2/23/23 close: $120.06

1 Month avg volatility: $3.34. Volatility stop (for downward breakout): $128.15 or 6.7% above the close.

Change YTD: 17.09%

Volume: 427,700 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: Double Top, Eve and Eve reversal pattern from 02/03/2023 to 02/16/2023

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: Electronics

Industry RS rank: 44 out of 60

Stock RS rank: 422 out of 625

2/23/23 close: $122.07

1 Month avg volatility: $2.75. Volatility stop (for downward breakout): $128.24 or 5.1% above the close.

Change YTD: 15.99%

Volume: 192,900 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 Top, Adam and Adam reversal pattern from 02/02/2023 to 02/15/2023

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: Semiconductor

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

Industry RS rank: 28 out of 60

Stock RS rank: 254 out of 625

2/23/23 close: $413.69

1 Month avg volatility: $10.90. Volatility stop (for downward breakout): $437.46 or 5.8% above the close.

Change YTD: 18.88%

Volume: 1,538,800 shares. 3 month avg: 570,480 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 Falling Peaks reversal pattern from 02/02/2023 to 02/15/2023

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: IT Services

Industry RS rank: 37 out of 60

Stock RS rank: 427 out of 625

2/23/23 close: $138.56

1 Month avg volatility: $2.62. Volatility stop (for downward breakout): $144.31 or 4.2% above the close.

Change YTD: 11.35%

Volume: 6,557,300 shares. 3 month avg: 9,531,718 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: Triple top reversal pattern from 02/03/2023 to 02/14/2023

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.