As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%	Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

As of 05/13/2024   Indus: 39,432 -81.33 -0.2%     Trans: 15,629 +31.37 +0.2%     Utils: 941 -1.34 -0.1%     Nasdaq: 16,388 +47.37 +0.3%     S&P 500: 5,221 -1.26 0.0%	YTD  +4.6%   -1.7%    +6.7%    +9.2%    +9.5%
Targets    Overview: 05/13/2024     39,950 or 38,500 by 06/01/2024   16,050 or 15,300 by 06/01/2024   960 or 900 by 06/01/2024   17,250 or 15,850 by 06/01/2024   5,500 or 5,100 by 06/01/2024
Chart Pattern Indicator: on 5/1/24

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: Semiconductor

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

Industry RS rank: 4 out of 60

Stock RS rank: 94 out of 627

10/12/23 close: $108.79

1 Month avg volatility: $3.52. Volatility stop (for upward breakout): $100.47 or 7.7% below the close.

Change YTD: 67.96%

Volume: 60,867,900 shares. 3 month avg: 61,894,658 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 09/18/2023 to 09/25/2023

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: Air Transport

Industry RS rank: 38 out of 60

Stock RS rank: 312 out of 627

10/12/23 close: $20.56

1 Month avg volatility: $0.62. Volatility stop (for upward breakout): $18.95 or 7.8% below the close.

Change YTD: -20.86%

Volume: 341,300 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: Broadening bottom reversal pattern from 09/22/2023 to 10/05/2023

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

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: Air Transport

Industry RS rank: 38 out of 60

Stock RS rank: 546 out of 627

10/12/23 close: $73.22

1 Month avg volatility: $2.74. Volatility stop (for downward breakout): $80.09 or 9.4% above the close.

Change YTD: 7.69%

Volume: 248,500 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 09/28/2023 to 10/06/2023

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: Natural Gas (Diversified)

Industry RS rank: 24 out of 60

Stock RS rank: 131 out of 627

10/12/23 close: $27.34

1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $25.25 or 7.7% below the close.

Change YTD: -11.78%

Volume: 4,765,200 shares.

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

 

Chart pattern: Double Bottom, Eve and Eve reversal pattern from 09/25/2023 to 10/04/2023

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: Packaging and Container

Industry RS rank: 35 out of 60

Stock RS rank: 229 out of 627

10/12/23 close: $125.42

1 Month avg volatility: $1.87. Volatility stop (for upward breakout): $121.32 or 3.3% below the close.

Change YTD: 14.04%

Volume: 189,300 shares. 3 month avg: 241,254 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 09/25/2023 to 10/04/2023

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: 5 out of 60

Stock RS rank: 83 out of 627

10/12/23 close: $193.01

1 Month avg volatility: $5.00. Volatility stop (for upward breakout): $181.57 or 5.9% below the close.

Change YTD: 59.05%

Volume: 1,883,800 shares. 3 month avg: 2,258,017 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 09/18/2023 to 09/25/2023

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: Computer Software and Svcs

Industry RS rank: 2 out of 60

Stock RS rank: 175 out of 627

10/12/23 close: $212.77

1 Month avg volatility: $4.63. Volatility stop (for upward breakout): $201.86 or 5.1% below the close.

Change YTD: 13.86%

Volume: 1,148,400 shares. 3 month avg: 2,150,943 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 09/27/2023 to 10/05/2023

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: 46 out of 60

Stock RS rank: 390 out of 627

10/12/23 close: $69.44

1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $65.90 or 5.1% below the close.

Change YTD: 3.89%

Volume: 164,600 shares. 3 month avg: 325,852 shares.

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

 

Chart pattern: Double Bottom, Adam and Eve reversal pattern from 09/25/2023 to 10/04/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: IT Services

Industry RS rank: 11 out of 60

Stock RS rank: 173 out of 627

10/12/23 close: $336.49

1 Month avg volatility: $6.05. Volatility stop (for upward breakout): $322.50 or 4.2% below the close.

Change YTD: 11.94%

Volume: 80,800 shares. 3 month avg: 131,971 shares.

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

 

Chart pattern: Double Bottom, Eve and Eve reversal pattern from 09/26/2023 to 10/04/2023

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: Chemical (Basic)

Industry RS rank: 50 out of 60

Stock RS rank: 176 out of 627

10/12/23 close: $120.78

1 Month avg volatility: $3.30. Volatility stop (for downward breakout): $131.38 or 8.8% above the close.

Change YTD: 18.13%

Volume: 624,500 shares. 3 month avg: 691,697 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 09/01/2023 to 09/29/2023

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: 41 out of 60

Stock RS rank: 232 out of 627

10/12/23 close: $70.96

1 Month avg volatility: $1.38. Volatility stop (for upward breakout): $67.08 or 5.5% below the close.

Change YTD: -13.47%

Volume: 2,248,600 shares. 3 month avg: 1,816,006 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: Ugly double bottom reversal pattern from 09/01/2023 to 10/03/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 414 out of 627

10/12/23 close: $101.35

1 Month avg volatility: $1.76. Volatility stop (for downward breakout): $106.33 or 4.9% above the close.

Change YTD: -1.02%

Volume: 522,500 shares. 3 month avg: 534,966 shares.

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

 

Chart pattern: Double Top, Eve and Adam reversal pattern from 07/28/2023 to 09/20/2023

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: Metals and Mining (Div.)

Industry RS rank: 49 out of 60

Stock RS rank: 486 out of 627

10/12/23 close: $15.39

1 Month avg volatility: $0.44. Volatility stop (for upward breakout): $14.13 or 8.2% below the close.

Change YTD: -4.47%

Volume: 8,426,700 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: Diamond bottom reversal pattern from 09/08/2023 to 09/22/2023

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: Metal Fabricating

Industry RS rank: 47 out of 60

Stock RS rank: 13 out of 627

10/12/23 close: $31.57

1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $28.89 or 8.5% below the close.

Change YTD: 71.30%

Volume: 34,100 shares. 3 month avg: 11,408 shares.

This security may be thinly traded (less than 100k shares)!

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

 

Chart pattern: Broadening bottom reversal pattern from 08/08/2023 to 09/12/2023

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: Natural Gas (Diversified)

Industry RS rank: 24 out of 60

Stock RS rank: 34 out of 627

10/12/23 close: $43.41

1 Month avg volatility: $1.16. Volatility stop (for upward breakout): $40.85 or 5.9% below the close.

Change YTD: 28.32%

Volume: 3,932,700 shares. 3 month avg: 3,960,946 shares.

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

 

Chart pattern: Double Bottom, Eve and Eve reversal pattern from 09/25/2023 to 10/03/2023

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: Healthcare Information

Industry RS rank: 27 out of 60

Stock RS rank: 483 out of 627

10/12/23 close: $27.77

1 Month avg volatility: $0.73. Volatility stop (for downward breakout): $29.75 or 7.1% above the close.

Change YTD: -1.10%

Volume: 1,059,800 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: Broadening top, right-angled and ascending reversal pattern from 09/14/2023 to 10/04/2023

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: Air Transport

Industry RS rank: 38 out of 60

Stock RS rank: 219 out of 627

10/12/23 close: $116.76

1 Month avg volatility: $2.07. Volatility stop (for upward breakout): $112.17 or 3.9% below the close.

Change YTD: 12.36%

Volume: 992,300 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: Head-and-shoulders bottom reversal pattern from 09/21/2023 to 10/03/2023

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: Retail Building Supply

Industry RS rank: 20 out of 60

Stock RS rank: 129 out of 627

10/12/23 close: $60.22

1 Month avg volatility: $0.91. Volatility stop (for upward breakout): $56.18 or 6.7% below the close.

Change YTD: 27.26%

Volume: 14,530,700 shares. 3 month avg: 2,417,771 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 09/21/2023 to 10/03/2023

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: Industrial Services

Industry RS rank: 14 out of 60

Stock RS rank: 136 out of 627

10/12/23 close: $75.99

1 Month avg volatility: $1.28. Volatility stop (for upward breakout): $72.85 or 4.1% below the close.

Change YTD: 18.27%

Volume: 1,455,100 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 Bottom, Eve and Adam reversal pattern from 09/26/2023 to 10/04/2023

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: Apparel

Industry RS rank: 25 out of 60

Stock RS rank: 93 out of 627

10/12/23 close: $11.29

1 Month avg volatility: $0.46. Volatility stop (for upward breakout): $10.28 or 9.0% below the close.

Change YTD: 0.09%

Volume: 7,094,900 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: Double Bottom, Eve and Adam reversal pattern from 09/20/2023 to 10/06/2023

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: 36 out of 60

Stock RS rank: 255 out of 627

10/12/23 close: $237.40

1 Month avg volatility: $3.54. Volatility stop (for upward breakout): $228.69 or 3.7% below the close.

Change YTD: -4.32%

Volume: 846,800 shares. 3 month avg: 1,076,035 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 Bottom, Adam and Adam reversal pattern from 09/12/2023 to 10/06/2023

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: Insurance (Life)

Industry RS rank: 13 out of 60

Stock RS rank: 245 out of 627

10/12/23 close: $6.14

1 Month avg volatility: $0.16. Volatility stop (for upward breakout): $5.68 or 7.5% below the close.

Change YTD: 16.07%

Volume: 3,603,600 shares. 3 month avg: 4,022,160 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 09/05/2023 to 09/11/2023

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: Insurance (Life)

Industry RS rank: 13 out of 60

Stock RS rank: 231 out of 627

10/12/23 close: $113.37

1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $109.74 or 3.2% below the close.

Change YTD: -5.96%

Volume: 473,500 shares. 3 month avg: 643,200 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, Adam and Adam reversal pattern from 09/07/2023 to 10/03/2023

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: Human Resources

Industry RS rank: 45 out of 60

Stock RS rank: 536 out of 627

10/12/23 close: $97.83

1 Month avg volatility: $1.71. Volatility stop (for upward breakout): $93.94 or 4.0% below the close.

Change YTD: -13.88%

Volume: 196,900 shares. 3 month avg: 131,942 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 bottom reversal pattern from 09/12/2023 to 10/06/2023

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: Cement and Aggregates

Industry RS rank: 3 out of 60

Stock RS rank: 64 out of 627

10/12/23 close: $430.33

1 Month avg volatility: $9.80. Volatility stop (for upward breakout): $405.00 or 5.9% below the close.

Change YTD: 27.33%

Volume: 321,300 shares. 3 month avg: 575,872 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 09/25/2023 to 10/03/2023

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: Computers and Peripherals

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

Industry RS rank: 43 out of 60

Stock RS rank: 563 out of 627

10/12/23 close: $38.05

1 Month avg volatility: $1.02. Volatility stop (for upward breakout): $35.86 or 5.8% below the close.

Change YTD: -14.95%

Volume: 291,400 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 09/05/2023 to 09/11/2023

WARNING: A dead-cat bounce occurred on 05/03/2023. There is a 38% chance that a 15% or higher decline will occur (or has occurred since then) by 11/01/2023.

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: E-Commerce

Industry RS rank: 5 out of 60

Stock RS rank: 10 out of 627

10/12/23 close: $324.16

1 Month avg volatility: $8.21. Volatility stop (for upward breakout): $306.26 or 5.5% below the close.

Change YTD: 169.37%

Volume: 20,071,800 shares. 3 month avg: 16,363,594 shares.

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

 

Chart pattern: Pipe bottom reversal pattern from 08/14/2023 to 08/21/2023

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: Computers and Peripherals

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

Industry RS rank: 43 out of 60

Stock RS rank: 133 out of 627

10/12/23 close: $75.93

1 Month avg volatility: $1.13. Volatility stop (for upward breakout): $73.34 or 3.4% below the close.

Change YTD: 26.42%

Volume: 1,457,500 shares. 3 month avg: 2,986,022 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: Double Bottom, Adam and Eve reversal pattern from 09/27/2023 to 10/04/2023

Breakout is upward 100% of the time.

Average rise: 37%.

Break-even failure rate: 5%.

Throwbacks occur 59% of the time.

Price hits measure rule target 66% of the time.

Industry: Aerospace/Defense

Industry RS rank: 36 out of 60

Stock RS rank: 287 out of 627

10/12/23 close: $477.31

1 Month avg volatility: $8.58. Volatility stop (for upward breakout): $453.91 or 4.9% below the close.

Change YTD: -12.52%

Volume: 1,082,400 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: Triple bottom reversal pattern from 09/11/2023 to 10/06/2023

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: Semiconductor

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

Industry RS rank: 4 out of 60

Stock RS rank: 4 out of 627

10/12/23 close: $469.45

1 Month avg volatility: $12.83. Volatility stop (for upward breakout): $437.65 or 6.8% below the close.

Change YTD: 221.23%

Volume: 47,975,400 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 Thursday.

 

Chart pattern: Pipe bottom reversal pattern from 09/18/2023 to 09/25/2023

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: Human Resources

Industry RS rank: 45 out of 60

Stock RS rank: 235 out of 627

10/12/23 close: $83.11

1 Month avg volatility: $1.78. Volatility stop (for upward breakout): $79.53 or 4.3% below the close.

Change YTD: 2.00%

Volume: 165,800 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, Eve and Eve reversal pattern from 09/12/2023 to 10/06/2023

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: Semiconductor

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

Industry RS rank: 4 out of 60

Stock RS rank: 70 out of 627

10/12/23 close: $93.05

1 Month avg volatility: $3.05. Volatility stop (for upward breakout): $86.18 or 7.4% below the close.

Change YTD: 49.19%

Volume: 5,238,900 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 top, right-angled and descending continuation pattern from 09/18/2023 to 10/12/2023

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: Electronics

Industry RS rank: 34 out of 60

Stock RS rank: 302 out of 627

10/12/23 close: $94.97

1 Month avg volatility: $1.76. Volatility stop (for downward breakout): $99.14 or 4.4% above the close.

Change YTD: -7.73%

Volume: 111,100 shares. 3 month avg: 160,228 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: Scallop, descending continuation pattern from 09/01/2023 to 09/28/2023

Breakout is downward 66% of the time.

Average decline: 17%.

Break-even failure rate: 15%.

Pullbacks occur 55% of the time.

Price hits measure rule target 30% of the time.

Industry: Petroleum (Producing)

Industry RS rank: 18 out of 60

Stock RS rank: 47 out of 627

10/12/23 close: $34.85

1 Month avg volatility: $1.06. Volatility stop (for upward breakout): $32.13 or 7.8% below the close.

Change YTD: 39.29%

Volume: 2,781,200 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 Bottom, Eve and Eve reversal pattern from 09/22/2023 to 10/04/2023

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: Human Resources

Industry RS rank: 45 out of 60

Stock RS rank: 247 out of 627

10/12/23 close: $77.10

1 Month avg volatility: $1.56. Volatility stop (for upward breakout): $73.48 or 4.7% below the close.

Change YTD: 4.43%

Volume: 555,400 shares. 3 month avg: 1,012,069 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 09/26/2023 to 10/02/2023

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: IT Services

Industry RS rank: 11 out of 60

Stock RS rank: 259 out of 627

10/12/23 close: $112.35

1 Month avg volatility: $2.08. Volatility stop (for upward breakout): $108.02 or 3.9% below the close.

Change YTD: 1.28%

Volume: 318,000 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 09/26/2023 to 10/06/2023

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: Insurance (Prop/Casualty)

Industry RS rank: 31 out of 60

Stock RS rank: 241 out of 627

10/12/23 close: $100.96

1 Month avg volatility: $1.88. Volatility stop (for downward breakout): $106.30 or 5.3% above the close.

Change YTD: 13.94%

Volume: 341,100 shares. 3 month avg: 158,554 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 09/26/2023 to 10/05/2023

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 (Diversified)

Industry RS rank: 24 out of 60

Stock RS rank: 49 out of 627

10/12/23 close: $6.59

1 Month avg volatility: $0.20. Volatility stop (for downward breakout): $7.04 or 6.8% above the close.

Change YTD: 12.65%

Volume: 14,676,400 shares. 3 month avg: 16,683,949 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: Head-and-shoulders top reversal pattern from 08/22/2023 to 09/14/2023

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: 34 out of 60

Stock RS rank: 552 out of 627

10/12/23 close: $11.47

1 Month avg volatility: $0.47. Volatility stop (for downward breakout): $12.71 or 10.8% above the close.

Change YTD: -3.29%

Volume: 562,800 shares. 3 month avg: 835,520 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: Triangle, descending reversal pattern from 09/12/2023 to 09/27/2023

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: Furn/Home Furnishings

Industry RS rank: 12 out of 60

Stock RS rank: 220 out of 627

10/12/23 close: $40.00

1 Month avg volatility: $1.13. Volatility stop (for downward breakout): $44.01 or 10.0% above the close.

Change YTD: 16.52%

Volume: 1,329,100 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: Triple top reversal pattern from 07/27/2023 to 09/01/2023

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: Insurance (Diversified)

Industry RS rank: 17 out of 60

Stock RS rank: 55 out of 627

10/12/23 close: $50.11

1 Month avg volatility: $0.79. Volatility stop (for downward breakout): $52.14 or 4.1% above the close.

Change YTD: 22.13%

Volume: 604,600 shares. 3 month avg: 1,168,134 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: Broadening top reversal pattern from 08/11/2023 to 10/12/2023

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: Cement and Aggregates

Industry RS rank: 3 out of 60

Stock RS rank: 54 out of 627

10/12/23 close: $210.63

1 Month avg volatility: $4.61. Volatility stop (for upward breakout): $199.44 or 5.3% below the close.

Change YTD: 20.28%

Volume: 537,800 shares. 3 month avg: 819,125 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, Eve and Adam reversal pattern from 09/25/2023 to 10/03/2023

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: Natural Gas (Distributor)

Industry RS rank: 48 out of 60

Stock RS rank: 127 out of 627

10/12/23 close: $34.80

1 Month avg volatility: $0.57. Volatility stop (for upward breakout): $33.42 or 4.0% below the close.

Change YTD: 5.78%

Volume: 4,473,200 shares. 3 month avg: 4,990,974 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 wedge, descending reversal pattern from 08/15/2023 to 10/03/2023

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: Precision Instrument

Industry RS rank: 52 out of 60

Stock RS rank: 24 out of 627

10/12/23 close: $129.90

1 Month avg volatility: $2.31. Volatility stop (for upward breakout): $124.14 or 4.4% below the close.

Change YTD: 34.46%

Volume: 253,400 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 09/26/2023 to 10/04/2023

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.

 

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