As of 11/22/2024

Indus: 44,297 +426.16 +1.0%

Trans: 17,367 +194.86 +1.1%

Utils: 1,067 -8.74 -0.8%

Nasdaq: 19,004 +31.23 +0.2%

S&P 500: 5,969 +20.63 +0.3%

YTD

+17.5%

+9.2%

+21.0%

+26.6%

+25.1%

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 11/22/2024

Indus: 44,297 +426.16 +1.0%

Trans: 17,367 +194.86 +1.1%

Utils: 1,067 -8.74 -0.8%

Nasdaq: 19,004 +31.23 +0.2%

S&P 500: 5,969 +20.63 +0.3%

YTD

+17.5%

+9.2%

+21.0%

+26.6%

+25.1%

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

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.

Definitions

RS is relative strength (where 1 is best). For other definitions, see the glossary.

'Breakout is upward/downward 100% of the time' means price breaks out up/down by definition, not by statistically measuring the rate.

All numbers assume a bull market and are based on the breakout direction that occurs most often.

For more information, consult my book, Encyclopedia of Chart Patterns.

Advanced Micro Devices, Inc (AMD)

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

Industry RS rank: 53 out of 60

Stock RS rank: 594 out of 615

9/5/24 close: $139.44

1 Month avg volatility: $5.84. Volatility stop (for downward breakout): $153.40 or 10.0% above the close.

Change YTD: -5.41%

Volume: 24,322,600 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 top reversal pattern from 08/19/2024 to 08/26/2024

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.

Alaska Air Group, Inc (ALK)

Industry: Air Transport

Industry RS rank: 44 out of 60

Stock RS rank: 333 out of 615

9/5/24 close: $37.82

1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $34.72 or 8.2% below the close.

Change YTD: -3.20%

Volume: 4,240,700 shares. 3 month avg: 1,966,126 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.

Chart pattern: Ugly double bottom reversal pattern from 08/06/2024 to 08/22/2024

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.

Alcoa (AA)

Industry: Aerospace/Defense

Industry RS rank: 10 out of 60

Stock RS rank: 246 out of 615

9/5/24 close: $30.27

1 Month avg volatility: $1.07. Volatility stop (for downward breakout): $33.23 or 9.8% above the close.

Change YTD: -10.97%

Volume: 3,001,900 shares. 3 month avg: 8,355,648 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 08/19/2024 to 08/26/2024

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.

Applied Materials (AMAT)

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

Industry RS rank: 56 out of 60

Stock RS rank: 523 out of 615

9/5/24 close: $180.24

1 Month avg volatility: $7.34. Volatility stop (for downward breakout): $198.42 or 10.1% above the close.

Change YTD: 11.21%

Volume: 6,486,400 shares. 3 month avg: 11,583,771 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 08/12/2024 to 08/19/2024

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.

Bunge Ltd (BG)

Industry: Food Processing

Industry RS rank: 23 out of 60

Stock RS rank: 242 out of 615

9/5/24 close: $98.74

1 Month avg volatility: $1.79. Volatility stop (for upward breakout): $95.09 or 3.7% below the close.

Change YTD: -2.19%

Volume: 977,600 shares. 3 month avg: 1,268,517 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 bottom reversal pattern from 08/05/2024 to 08/20/2024

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.

Caleres (CAL)

Industry: Shoe

Industry RS rank: 35 out of 60

Stock RS rank: 264 out of 615

9/5/24 close: $39.54

1 Month avg volatility: $1.40. Volatility stop (for downward breakout): $43.50 or 10.0% above the close.

Change YTD: 28.67%

Volume: 477,700 shares. 3 month avg: 329,342 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: Pipe top reversal pattern from 08/19/2024 to 08/26/2024

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.

Clean Energy Fuels Corp. (CLNE)

Industry: Natural Gas (Distributor)

Industry RS rank: 26 out of 60

Stock RS rank: 327 out of 615

9/5/24 close: $2.75

1 Month avg volatility: $0.18. Volatility stop (for downward breakout): $3.30 or 20.0% above the close.

Change YTD: -28.20%

Volume: 1,257,700 shares. 3 month avg: 1,021,160 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: Head-and-shoulders top reversal pattern from 08/13/2024 to 08/26/2024

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.

Con Edison, Inc (ED)

Industry: Electric Utility (East)

Industry RS rank: 1 out of 60

Stock RS rank: 137 out of 615

9/5/24 close: $103.79

1 Month avg volatility: $1.40. Volatility stop (for upward breakout): $100.68 or 3.0% below the close.

Change YTD: 14.09%

Volume: 1,439,900 shares. 3 month avg: 1,605,666 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: Head-and-shoulders bottom reversal pattern from 08/09/2024 to 08/28/2024

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.

ConocoPhillips (COP)

Industry: Petroleum (Integrated)

Industry RS rank: 45 out of 60

Stock RS rank: 416 out of 615

9/5/24 close: $107.45

1 Month avg volatility: $1.96. Volatility stop (for upward breakout): $103.38 or 3.8% below the close.

Change YTD: -7.43%

Volume: 5,563,600 shares. 3 month avg: 6,156,062 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 bottom reversal pattern from 07/29/2024 to 08/05/2024

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.

CRH plc (CRH)

Industry: Cement and Aggregates

Industry RS rank: 57 out of 60

Stock RS rank: 334 out of 615

9/5/24 close: $84.47

1 Month avg volatility: $2.15. Volatility stop (for downward breakout): $89.39 or 5.8% above the close.

Change YTD: 22.14%

Volume: 6,549,300 shares. 3 month avg: 546,094 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, Adam and Adam reversal pattern from 08/26/2024 to 08/30/2024

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.

CROCS Inc (CROX)

Industry: Shoe

Industry RS rank: 35 out of 60

Stock RS rank: 164 out of 615

9/5/24 close: $135.62

1 Month avg volatility: $4.63. Volatility stop (for downward breakout): $147.99 or 9.1% above the close.

Change YTD: 45.19%

Volume: 665,500 shares. 3 month avg: 1,230,068 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.

Chart pattern: Double Top, Eve and Eve reversal pattern from 08/23/2024 to 08/29/2024

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.

Devon Energy Corp. (DVN)

Industry: Natural Gas (Diversified)

Industry RS rank: 5 out of 60

Stock RS rank: 462 out of 615

9/5/24 close: $42.08

1 Month avg volatility: $0.88. Volatility stop (for downward breakout): $44.50 or 5.8% above the close.

Change YTD: -7.11%

Volume: 5,316,700 shares. 3 month avg: 4,704,349 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: Diamond top reversal pattern from 08/09/2024 to 08/30/2024

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.

Dover Corp (DOV)

Industry: Machinery

Industry RS rank: 39 out of 60

Stock RS rank: 332 out of 615

9/5/24 close: $175.05

1 Month avg volatility: $3.13. Volatility stop (for downward breakout): $183.12 or 4.6% above the close.

Change YTD: 13.81%

Volume: 1,211,700 shares. 3 month avg: 1,038,811 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 08/26/2024 to 08/30/2024

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.

Eagle Materials Inc. (EXP)

Industry: Cement and Aggregates

Industry RS rank: 57 out of 60

Stock RS rank: 457 out of 615

9/5/24 close: $238.38

1 Month avg volatility: $7.17. Volatility stop (for downward breakout): $257.08 or 7.8% above the close.

Change YTD: 17.52%

Volume: 179,900 shares. 3 month avg: 553,088 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.

Chart pattern: Pipe top reversal pattern from 08/19/2024 to 08/26/2024

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.

Eastman Chemical (EMN)

Industry: Chemical (Diversified)

Industry RS rank: 38 out of 60

Stock RS rank: 167 out of 615

9/5/24 close: $98.01

1 Month avg volatility: $1.75. Volatility stop (for downward breakout): $102.89 or 5.0% above the close.

Change YTD: 9.12%

Volume: 796,100 shares. 3 month avg: 1,209,300 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 08/26/2024 to 08/30/2024

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.

Elevance Health (ELV)

Industry: Medical Services

Industry RS rank: 14 out of 60

Stock RS rank: 235 out of 615

9/5/24 close: $544.40

1 Month avg volatility: $8.66. Volatility stop (for upward breakout): $518.45 or 4.8% below the close.

Change YTD: 15.45%

Volume: 741,300 shares. 3 month avg: 1,162,854 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 bottom reversal pattern from 07/15/2024 to 07/22/2024

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.

Flowserve Corp (FLS)

Industry: Machinery

Industry RS rank: 39 out of 60

Stock RS rank: 207 out of 615

9/5/24 close: $46.60

1 Month avg volatility: $0.92. Volatility stop (for downward breakout): $49.30 or 5.8% above the close.

Change YTD: 13.05%

Volume: 443,600 shares. 3 month avg: 1,457,883 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, Adam and Adam reversal pattern from 07/18/2024 to 07/30/2024

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.

Graco Incorporated (GGG)

Industry: Machinery

Industry RS rank: 39 out of 60

Stock RS rank: 509 out of 615

9/5/24 close: $80.11

1 Month avg volatility: $1.34. Volatility stop (for downward breakout): $83.94 or 4.8% above the close.

Change YTD: -7.66%

Volume: 645,000 shares. 3 month avg: 251,886 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 08/26/2024 to 08/30/2024

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.

Hecla Mining Co. (HL)

Industry: Metals and Mining (Div.)

Industry RS rank: 19 out of 60

Stock RS rank: 14 out of 615

9/5/24 close: $5.68

1 Month avg volatility: $0.24. Volatility stop (for downward breakout): $6.27 or 10.3% above the close.

Change YTD: 18.09%

Volume: 7,579,100 shares. 3 month avg: 4,539,271 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Wednesday.

Chart pattern: Pipe top reversal pattern from 08/19/2024 to 08/26/2024

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.

Hovnanian Enterprises Inc (HOV)

Industry: Homebuilding

Industry RS rank: 3 out of 60

Stock RS rank: 51 out of 615

9/5/24 close: $191.16

1 Month avg volatility: $10.08. Volatility stop (for downward breakout): $215.48 or 12.7% above the close.

Change YTD: 22.84%

Volume: 87,000 shares. 3 month avg: 1,539,280 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 top reversal pattern from 08/19/2024 to 08/26/2024

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.

Huntsman Corporation (HUN)

Industry: Chemical (Specialty)

Industry RS rank: 50 out of 60

Stock RS rank: 529 out of 615

9/5/24 close: $21.91

1 Month avg volatility: $0.49. Volatility stop (for upward breakout): $20.77 or 5.2% below the close.

Change YTD: -12.81%

Volume: 2,627,600 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 08/05/2024 to 08/12/2024

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.

Lam Research Corp (LRCX)

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

Industry RS rank: 56 out of 60

Stock RS rank: 572 out of 615

9/5/24 close: $755.92

1 Month avg volatility: $30.75. Volatility stop (for downward breakout): $830.49 or 9.9% above the close.

Change YTD: -3.49%

Volume: 816,400 shares. 3 month avg: 2,565,394 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 top reversal pattern from 08/12/2024 to 08/19/2024

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.

Lowes Companies, Inc (LOW)

Industry: Retail Building Supply

Industry RS rank: 41 out of 60

Stock RS rank: 349 out of 615

9/5/24 close: $244.11

1 Month avg volatility: $5.22. Volatility stop (for downward breakout): $256.79 or 5.2% above the close.

Change YTD: 9.69%

Volume: 2,027,000 shares. 3 month avg: 6,401,252 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.

Chart pattern: Broadening top reversal pattern from 07/18/2024 to 08/26/2024

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.

Marathon Oil (MRO)

Industry: Petroleum (Integrated)

Industry RS rank: 45 out of 60

Stock RS rank: 197 out of 615

9/5/24 close: $27.07

1 Month avg volatility: $0.49. Volatility stop (for upward breakout): $26.07 or 3.7% below the close.

Change YTD: 12.04%

Volume: 4,921,200 shares. 3 month avg: 10,621,542 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 bottom reversal pattern from 07/29/2024 to 08/05/2024

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.

Martin Marietta Materials, Inc (MLM)

Industry: Cement and Aggregates

Industry RS rank: 57 out of 60

Stock RS rank: 537 out of 615

9/5/24 close: $506.07

1 Month avg volatility: $14.43. Volatility stop (for downward breakout): $541.39 or 7.0% above the close.

Change YTD: 1.44%

Volume: 508,000 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 Thursday.

Chart pattern: Pipe top reversal pattern from 08/19/2024 to 08/26/2024

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.

Micron Technology (MU)

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

Industry RS rank: 53 out of 60

Stock RS rank: 446 out of 615

9/5/24 close: $89.39

1 Month avg volatility: $4.01. Volatility stop (for downward breakout): $98.72 or 10.4% above the close.

Change YTD: 4.75%

Volume: 12,782,200 shares. 3 month avg: 38,182,855 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.

Chart pattern: Pipe top reversal pattern from 08/12/2024 to 08/19/2024

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.

NVidia Corp (NVDA)

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

Industry RS rank: 53 out of 60

Stock RS rank: 85 out of 615

9/5/24 close: $107.21

1 Month avg volatility: $5.93. Volatility stop (for downward breakout): $121.50 or 13.3% above the close.

Change YTD: 116.49%

Volume: 299,661,700 shares. 3 month avg: 60,508,209 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 08/19/2024 to 08/26/2024

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.

SAIA Inc (SAIA)

Industry: Trucking/Transp. Leasing

Industry RS rank: 59 out of 60

Stock RS rank: 596 out of 615

9/5/24 close: $398.37

1 Month avg volatility: $14.32. Volatility stop (for upward breakout): $359.13 or 9.9% below the close.

Change YTD: -9.09%

Volume: 584,500 shares. 3 month avg: 163,825 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Triple bottom reversal pattern from 08/05/2024 to 08/30/2024

WARNING: A dead-cat bounce occurred on 07/26/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 10/25/2024 and a 38% chance by 01/24/2025.
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.

Schwab, Charles Corporation (SCHW)

Industry: Securities Brokerage

Industry RS rank: 16 out of 60

Stock RS rank: 448 out of 615

9/5/24 close: $63.69

1 Month avg volatility: $1.31. Volatility stop (for upward breakout): $60.77 or 4.6% below the close.

Change YTD: -7.43%

Volume: 5,519,500 shares. 3 month avg: 6,527,123 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, symmetrical continuation pattern from 08/15/2024 to 09/05/2024

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.

Sitio Royalties Corp (STR)

Industry: Natural Gas (Diversified)

Industry RS rank: 5 out of 60

Stock RS rank: 488 out of 615

9/5/24 close: $20.94

1 Month avg volatility: $0.54. Volatility stop (for downward breakout): $22.71 or 8.4% above the close.

Change YTD: -10.93%

Volume: 842,500 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 08/15/2024 to 08/26/2024

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.

Southern Copper (SCCO)

Industry: Metals and Mining (Div.)

Industry RS rank: 19 out of 60

Stock RS rank: 103 out of 615

9/5/24 close: $96.66

1 Month avg volatility: $2.41. Volatility stop (for downward breakout): $102.90 or 6.5% above the close.

Change YTD: 12.30%

Volume: 781,400 shares. 3 month avg: 1,021,280 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, Eve and Adam reversal pattern from 08/15/2024 to 08/26/2024

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.

Southwestern Energy Company (SWN)

Industry: Natural Gas (Diversified)

Industry RS rank: 5 out of 60

Stock RS rank: 494 out of 615

9/5/24 close: $6.13

1 Month avg volatility: $0.15. Volatility stop (for downward breakout): $6.45 or 5.2% above the close.

Change YTD: -6.41%

Volume: 41,721,800 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 08/19/2024 to 08/30/2024

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.

SPS Commerce Inc (SPSC)

Industry: E-Commerce

Industry RS rank: 34 out of 60

Stock RS rank: 319 out of 615

9/5/24 close: $188.60

1 Month avg volatility: $4.84. Volatility stop (for downward breakout): $201.33 or 6.8% above the close.

Change YTD: -2.70%

Volume: 91,000 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 08/09/2024 to 08/29/2024

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.

Teladoc, Inc (TDOC)

Industry: Healthcare Information

Industry RS rank: 36 out of 60

Stock RS rank: 608 out of 615

9/5/24 close: $7.67

1 Month avg volatility: $0.33. Volatility stop (for upward breakout): $6.77 or 11.7% below the close.

Change YTD: -64.41%

Volume: 4,275,100 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 08/14/2024 to 08/28/2024

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.

Trex Company (TREX)

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

Industry RS rank: 49 out of 60

Stock RS rank: 599 out of 615

9/5/24 close: $60.85

1 Month avg volatility: $2.18. Volatility stop (for downward breakout): $66.08 or 8.6% above the close.

Change YTD: -26.50%

Volume: 1,142,300 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: Pipe top reversal pattern from 08/19/2024 to 08/26/2024

WARNING: A dead-cat bounce occurred on 08/07/2024. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 11/06/2024 and a 38% chance by 02/05/2025.
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.

United Parcel Service (UPS)

Industry: Air Transport

Industry RS rank: 44 out of 60

Stock RS rank: 536 out of 615

9/5/24 close: $127.40

1 Month avg volatility: $2.08. Volatility stop (for upward breakout): $122.52 or 3.8% below the close.

Change YTD: -18.97%

Volume: 4,830,500 shares. 3 month avg: 2,659,363 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 08/16/2024 to 09/05/2024

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.

Valmont Industries Inc. (VMI)

Industry: Metal Fabricating

Industry RS rank: 22 out of 60

Stock RS rank: 43 out of 615

9/5/24 close: $265.13

1 Month avg volatility: $5.13. Volatility stop (for downward breakout): $282.07 or 6.4% above the close.

Change YTD: 13.54%

Volume: 168,800 shares. 3 month avg: 117,540 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.

Chart pattern: Double Top, Adam and Adam reversal pattern from 08/15/2024 to 08/26/2024

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.

Vulcan Materials (VMC)

Industry: Cement and Aggregates

Industry RS rank: 57 out of 60

Stock RS rank: 510 out of 615

9/5/24 close: $232.16

1 Month avg volatility: $6.18. Volatility stop (for downward breakout): $247.39 or 6.6% above the close.

Change YTD: 2.27%

Volume: 711,200 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: Pipe top reversal pattern from 08/19/2024 to 08/26/2024

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.

Waters Corp (WAT)

Industry: Precision Instrument

Industry RS rank: 42 out of 60

Stock RS rank: 431 out of 615

9/5/24 close: $331.31

1 Month avg volatility: $7.72. Volatility stop (for downward breakout): $348.57 or 5.2% above the close.

Change YTD: 0.63%

Volume: 301,300 shares. 3 month avg: 398,726 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 08/16/2024 to 09/04/2024

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.

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