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: Air Transport

Industry RS rank: 46 out of 60

Stock RS rank: 595 out of 625

3/2/23 close: $22.05

1 Month avg volatility: $0.81. Volatility stop (for downward breakout): $23.83 or 8.1% above the close.

Change YTD: -15.13%

Volume: 766,400 shares. 3 month avg: 530,657 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: Dead-cat bounce continuation pattern from 02/24/2023 to 02/24/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Building Materials

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

Industry RS rank: 24 out of 60

Stock RS rank: 276 out of 625

3/2/23 close: $55.66

1 Month avg volatility: $2.42. Volatility stop (for downward breakout): $60.79 or 9.2% above the close.

Change YTD: 13.92%

Volume: 134,700 shares. 3 month avg: 141,992 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: Three Falling Peaks reversal pattern from 02/02/2023 to 02/27/2023

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: Computers and Peripherals

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

Industry RS rank: 48 out of 60

Stock RS rank: 498 out of 625

3/2/23 close: $145.91

1 Month avg volatility: $3.16. Volatility stop (for downward breakout): $153.03 or 4.9% above the close.

Change YTD: 12.30%

Volume: 52,087,600 shares. 3 month avg: 27,687,312 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, Adam and Adam reversal pattern from 02/03/2023 to 02/16/2023

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: Chemical (Specialty)

Industry RS rank: 22 out of 60

Stock RS rank: 414 out of 625

3/2/23 close: $43.97

1 Month avg volatility: $1.32. Volatility stop (for upward breakout): $40.50 or 7.9% below the close.

Change YTD: 30.24%

Volume: 311,100 shares. 3 month avg: 523,769 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 02/06/2023 to 02/13/2023

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: Precision Instrument

Industry RS rank: 33 out of 60

Stock RS rank: 74 out of 625

3/2/23 close: $121.46

1 Month avg volatility: $3.02. Volatility stop (for upward breakout): $113.40 or 6.6% below the close.

Change YTD: 11.40%

Volume: 78,900 shares. 3 month avg: 149,246 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: Broadening top, right-angled and descending continuation pattern from 02/07/2023 to 02/28/2023

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: Retail Store

Industry RS rank: 34 out of 60

Stock RS rank: 602 out of 625

3/2/23 close: $14.51

1 Month avg volatility: $1.00. Volatility stop (for downward breakout): $17.99 or 24.0% above the close.

Change YTD: -1.29%

Volume: 4,452,800 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: Double Top, Adam and Adam reversal pattern from 01/13/2023 to 02/02/2023

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: Drug

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

Industry RS rank: 15 out of 60

Stock RS rank: 367 out of 625

3/2/23 close: $69.19

1 Month avg volatility: $1.32. Volatility stop (for downward breakout): $72.37 or 4.6% above the close.

Change YTD: -3.84%

Volume: 5,938,100 shares. 3 month avg: 5,378,746 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, Adam and Adam reversal pattern from 01/24/2023 to 02/06/2023

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: Precision Instrument

Industry RS rank: 33 out of 60

Stock RS rank: 57 out of 625

3/2/23 close: $73.63

1 Month avg volatility: $2.17. Volatility stop (for downward breakout): $78.30 or 6.4% above the close.

Change YTD: 7.72%

Volume: 2,085,400 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 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: Apparel

Industry RS rank: 12 out of 60

Stock RS rank: 260 out of 625

3/2/23 close: $6.20

1 Month avg volatility: $0.26. Volatility stop (for upward breakout): $5.37 or 13.3% below the close.

Change YTD: 26.02%

Volume: 2,868,900 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: Ugly double bottom reversal pattern from 01/19/2023 to 02/24/2023

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: Machinery

Industry RS rank: 10 out of 60

Stock RS rank: 157 out of 625

3/2/23 close: $252.87

1 Month avg volatility: $5.66. Volatility stop (for downward breakout): $265.88 or 5.1% above the close.

Change YTD: 4.37%

Volume: 1,039,100 shares. 3 month avg: 1,327,631 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: Broadening top reversal pattern from 01/31/2023 to 02/24/2023

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 (Specialty)

Industry RS rank: 22 out of 60

Stock RS rank: 428 out of 625

3/2/23 close: $161.93

1 Month avg volatility: $3.82. Volatility stop (for downward breakout): $169.75 or 4.8% above the close.

Change YTD: 11.25%

Volume: 1,070,600 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 01/12/2023 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: Air Transport

Industry RS rank: 46 out of 60

Stock RS rank: 291 out of 625

3/2/23 close: $109.95

1 Month avg volatility: $2.87. Volatility stop (for upward breakout): $98.78 or 10.2% below the close.

Change YTD: 5.80%

Volume: 1,911,900 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, Adam and Adam reversal pattern from 02/21/2023 to 03/01/2023

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 (Basic)

Industry RS rank: 31 out of 60

Stock RS rank: 141 out of 625

3/2/23 close: $128.86

1 Month avg volatility: $2.72. Volatility stop (for upward breakout): $121.14 or 6.0% below the close.

Change YTD: 3.25%

Volume: 790,800 shares. 3 month avg: 1,151,138 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 02/06/2023 to 03/02/2023

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: Apparel

Industry RS rank: 12 out of 60

Stock RS rank: 34 out of 625

3/2/23 close: $12.79

1 Month avg volatility: $0.54. Volatility stop (for downward breakout): $14.02 or 9.6% above the close.

Change YTD: 13.39%

Volume: 6,448,000 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: 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: Biotechnology

Industry RS rank: 16 out of 60

Stock RS rank: 90 out of 625

3/2/23 close: $79.62

1 Month avg volatility: $1.54. Volatility stop (for downward breakout): $82.98 or 4.2% above the close.

Change YTD: -7.26%

Volume: 3,458,400 shares. 3 month avg: 8,272,228 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: Three Falling Peaks reversal pattern from 12/13/2022 to 02/13/2023

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: Cement and Aggregates

Industry RS rank: 19 out of 60

Stock RS rank: 115 out of 625

3/2/23 close: $58.93

1 Month avg volatility: $1.48. Volatility stop (for downward breakout): $62.40 or 5.9% above the close.

Change YTD: 18.33%

Volume: 522,700 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: Broadening top reversal pattern from 02/02/2023 to 03/02/2023

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: Securities Brokerage

Industry RS rank: 9 out of 60

Stock RS rank: 325 out of 625

3/2/23 close: $349.10

1 Month avg volatility: $7.70. Volatility stop (for downward breakout): $365.18 or 4.6% above the close.

Change YTD: 1.67%

Volume: 3,240,000 shares. 3 month avg: 2,673,269 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: Diamond top reversal pattern from 02/02/2023 to 02/16/2023

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.

Industry: Medical Supplies

Industry RS rank: 28 out of 60

Stock RS rank: 306 out of 625

3/2/23 close: $77.89

1 Month avg volatility: $2.01. Volatility stop (for downward breakout): $82.04 or 5.3% above the close.

Change YTD: -2.48%

Volume: 616,900 shares. 3 month avg: 2,211,905 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 01/30/2023 to 02/13/2023

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: Medical Services

Industry RS rank: 49 out of 60

Stock RS rank: 619 out of 625

3/2/23 close: $1.82

1 Month avg volatility: $0.21. Volatility stop (for downward breakout): $2.26 or 23.9% above the close.

Change YTD: -2.15%

Volume: 10,724,900 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 03/01/2023 to 03/01/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: Food Processing

Industry RS rank: 38 out of 60

Stock RS rank: 523 out of 625

3/2/23 close: $65.62

1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $68.08 or 3.8% above the close.

Change YTD: -7.89%

Volume: 2,187,700 shares. 3 month avg: 3,593,774 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: Broadening top, right-angled and ascending reversal pattern from 01/20/2023 to 02/22/2023

Breakout is downward 66% of the time.

Average decline: 15%.

Break-even failure rate: 20%.

Pullbacks occur 65% of the time.

Price hits measure rule target 32% of the time.

Industry: Retail Store

Industry RS rank: 34 out of 60

Stock RS rank: 449 out of 625

3/2/23 close: $27.85

1 Month avg volatility: $1.42. Volatility stop (for downward breakout): $31.69 or 13.8% above the close.

Change YTD: 10.30%

Volume: 6,490,500 shares. 3 month avg: 4,163,043 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 01/26/2023 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: Medical Services

Industry RS rank: 49 out of 60

Stock RS rank: 300 out of 625

3/2/23 close: $239.46

1 Month avg volatility: $5.90. Volatility stop (for downward breakout): $251.76 or 5.1% above the close.

Change YTD: 1.69%

Volume: 735,900 shares. 3 month avg: 674,168 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: Triple top reversal pattern from 01/24/2023 to 02/17/2023

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: Semiconductor

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

Industry RS rank: 25 out of 60

Stock RS rank: 81 out of 625

3/2/23 close: $69.86

1 Month avg volatility: $2.03. Volatility stop (for upward breakout): $63.03 or 9.8% below the close.

Change YTD: 10.92%

Volume: 397,000 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: Ugly double bottom reversal pattern from 01/20/2023 to 02/03/2023

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: Healthcare Information

Industry RS rank: 57 out of 60

Stock RS rank: 321 out of 625

3/2/23 close: $18.01

1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $18.90 or 4.9% above the close.

Change YTD: -4.10%

Volume: 348,700 shares. 3 month avg: 340,109 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 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: Electric Utility (Central)

Industry RS rank: 58 out of 60

Stock RS rank: 503 out of 625

3/2/23 close: $27.27

1 Month avg volatility: $0.56. Volatility stop (for upward breakout): $25.58 or 6.2% below the close.

Change YTD: -0.55%

Volume: 3,221,500 shares. 3 month avg: 3,688,512 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 02/09/2023 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: Semiconductor

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

Industry RS rank: 25 out of 60

Stock RS rank: 226 out of 625

3/2/23 close: $76.75

1 Month avg volatility: $3.17. Volatility stop (for downward breakout): $83.66 or 9.0% above the close.

Change YTD: 23.06%

Volume: 14,196,000 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 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: Medical Supplies

Industry RS rank: 28 out of 60

Stock RS rank: 621 out of 625

3/2/23 close: $16.40

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $18.37 or 12.0% above the close.

Change YTD: -16.03%

Volume: 4,327,000 shares. 3 month avg: 1,209,165 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: Dead-cat bounce continuation pattern from 02/28/2023 to 02/28/2023

Breakout is downward 67% of the time.

Average decline: 18%.

Industry: E-Commerce

Industry RS rank: 32 out of 60

Stock RS rank: 587 out of 625

3/2/23 close: $189.68

1 Month avg volatility: $8.51. Volatility stop (for downward breakout): $209.24 or 10.3% above the close.

Change YTD: -2.36%

Volume: 489,700 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: 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: Healthcare Information

Industry RS rank: 57 out of 60

Stock RS rank: 525 out of 625

3/2/23 close: $31.74

1 Month avg volatility: $0.60. Volatility stop (for downward breakout): $33.05 or 4.1% above the close.

Change YTD: -9.26%

Volume: 443,400 shares. 3 month avg: 544,129 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 Eve reversal pattern from 02/02/2023 to 02/21/2023

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: Electric Utility (East)

Industry RS rank: 59 out of 60

Stock RS rank: 495 out of 625

3/2/23 close: $59.87

1 Month avg volatility: $1.30. Volatility stop (for downward breakout): $62.49 or 4.4% above the close.

Change YTD: -2.28%

Volume: 2,259,400 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: Head-and-shoulders complex top reversal pattern from 12/01/2022 to 02/27/2023

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: Petroleum (Producing)

Industry RS rank: 55 out of 60

Stock RS rank: 567 out of 625

3/2/23 close: $27.29

1 Month avg volatility: $1.30. Volatility stop (for upward breakout): $24.05 or 11.9% below the close.

Change YTD: 9.07%

Volume: 3,338,200 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 bottom reversal pattern from 01/04/2023 to 02/21/2023

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: Computer Software and Svcs

Industry RS rank: 50 out of 60

Stock RS rank: 588 out of 625

3/2/23 close: $33.84

1 Month avg volatility: $2.27. Volatility stop (for downward breakout): $38.61 or 14.1% above the close.

Change YTD: -4.41%

Volume: 2,840,800 shares. 3 month avg: 1,339,514 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 02/16/2023. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/18/2023 and a 38% chance by 08/17/2023.

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: Industrial Services

Industry RS rank: 20 out of 60

Stock RS rank: 304 out of 625

3/2/23 close: $426.65

1 Month avg volatility: $7.56. Volatility stop (for upward breakout): $404.01 or 5.3% below the close.

Change YTD: -1.26%

Volume: 385,800 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: Falling wedge from 12/20/2022 to 02/16/2023

Breakout is upward 68% of the time.

Average rise: 32%.

Break-even failure rate: 11%.

Throwbacks occur 56% of the time.

Price hits measure rule target 70% of the time.

Industry: Retail (Special Lines)

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

Industry RS rank: 47 out of 60

Stock RS rank: 71 out of 625

3/2/23 close: $111.01

1 Month avg volatility: $2.29. Volatility stop (for downward breakout): $115.64 or 4.2% above the close.

Change YTD: -4.36%

Volume: 2,568,900 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, Adam and Eve reversal pattern from 01/06/2023 to 01/27/2023

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: Shoe

Industry RS rank: 4 out of 60

Stock RS rank: 118 out of 625

3/2/23 close: $45.94

1 Month avg volatility: $1.11. Volatility stop (for upward breakout): $42.44 or 7.6% below the close.

Change YTD: 9.51%

Volume: 1,189,200 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: Double Bottom, Eve and Eve reversal pattern from 02/08/2023 to 02/24/2023

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: E-Commerce

Industry RS rank: 32 out of 60

Stock RS rank: 52 out of 625

3/2/23 close: $44.21

1 Month avg volatility: $1.78. Volatility stop (for upward breakout): $39.02 or 11.7% below the close.

Change YTD: 12.32%

Volume: 921,600 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: Triangle, symmetrical continuation pattern from 02/02/2023 to 03/02/2023

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: Natural Gas (Distributor)

Industry RS rank: 53 out of 60

Stock RS rank: 421 out of 625

3/2/23 close: $69.71

1 Month avg volatility: $1.63. Volatility stop (for downward breakout): $73.31 or 5.2% above the close.

Change YTD: 1.23%

Volume: 276,400 shares. 3 month avg: 172,872 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: Cement and Aggregates

Industry RS rank: 19 out of 60

Stock RS rank: 286 out of 625

3/2/23 close: $30.43

1 Month avg volatility: $0.93. Volatility stop (for downward breakout): $32.32 or 6.2% above the close.

Change YTD: 7.19%

Volume: 760,900 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: Horn top reversal pattern from 01/30/2023 to 02/13/2023

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: Healthcare Information

Industry RS rank: 57 out of 60

Stock RS rank: 576 out of 625

3/2/23 close: $25.44

1 Month avg volatility: $1.53. Volatility stop (for downward breakout): $28.78 or 13.1% above the close.

Change YTD: 7.57%

Volume: 4,433,800 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 01/24/2023 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: Computer Software and Svcs

Industry RS rank: 50 out of 60

Stock RS rank: 114 out of 625

3/2/23 close: $40.26

1 Month avg volatility: $1.09. Volatility stop (for upward breakout): $36.84 or 8.5% below the close.

Change YTD: 19.61%

Volume: 1,499,900 shares. 3 month avg: 1,378,918 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: Pennant continuation pattern from 02/16/2023 to 02/28/2023

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: Building Materials

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

Industry RS rank: 24 out of 60

Stock RS rank: 265 out of 625

3/2/23 close: $50.90

1 Month avg volatility: $2.00. Volatility stop (for downward breakout): $55.03 or 8.1% above the close.

Change YTD: 20.25%

Volume: 1,049,700 shares. 3 month avg: 245,355 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 Top, Adam and Adam reversal pattern from 02/02/2023 to 02/09/2023

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: Metals and Mining (Div.)

Industry RS rank: 3 out of 60

Stock RS rank: 466 out of 625

3/2/23 close: $13.49

1 Month avg volatility: $0.64. Volatility stop (for upward breakout): $11.32 or 16.1% below the close.

Change YTD: 7.92%

Volume: 899,400 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: Pipe bottom reversal pattern from 02/13/2023 to 02/21/2023

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: Shoe

Industry RS rank: 4 out of 60

Stock RS rank: 557 out of 625

3/2/23 close: $16.79

1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $15.27 or 9.0% below the close.

Change YTD: 53.61%

Volume: 1,155,500 shares. 3 month avg: 772,149 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 02/06/2023 to 02/13/2023

WARNING: A dead-cat bounce occurred on 11/09/2022. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 05/10/2023.

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.