As of 09/26/2022
  Indus: 29,261 -329.60 -1.1%  
  Trans: 11,999 -129.90 -1.1%  
  Utils: 953 -25.04 -2.6%  
  Nasdaq: 10,803 -65.01 -0.6%  
  S&P 500: 3,655 -38.19 -1.0%  
YTD
-19.5%  
-27.2%  
-2.8%  
-30.9%  
-23.3%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow1,000 or 950 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22
As of 09/26/2022
  Indus: 29,261 -329.60 -1.1%  
  Trans: 11,999 -129.90 -1.1%  
  Utils: 953 -25.04 -2.6%  
  Nasdaq: 10,803 -65.01 -0.6%  
  S&P 500: 3,655 -38.19 -1.0%  
YTD
-19.5%  
-27.2%  
-2.8%  
-30.9%  
-23.3%  
  Targets    Overview: 09/15/2022  
  Up arrow32,000 or 29,200 by 10/15/2022
  Up arrow13,800 or 11,800 by 10/15/2022
  Up arrow1,000 or 950 by 10/15/2022
  Up arrow11,975 or 10,700 by 10/15/2022
  Up arrow3,800 or 3,500 by 10/15/2022
CPI (updated daily): Arrows on 9/13/22

Bulkowski's Retrace Setup

My book, Swing and Day TradingSwing and Day Trading: Evolution of a Trader book., has other trading setups geared toward swing and day traders. I show a picture of the book on the left.

If you click on the above link and then buy the book (or anything) while at Amazon.com, the referral will help support this site. Thanks.

-- Tom Bulkowski

$ $ $

The following table show securities (stocks, exchange traded funds, indices) that have retraced a portion of the prior up trend.

To create this list, my computer found the most recent three major turns in which price climbed and then retraced. The retrace is between 57% and 67% of the first two turns, bracketing the 62% Fibonacci retrace number.

Retrace Setup Definitions

The table shows the Bottom, Peak, Bottom, which are the three turns.
The Last Close is the most recent closing price as of the day the list was created.
Diff is the difference between the last close and the most recent bottom.
Suggested Stop is placed at 67% below the Top. Research says that this stop should only trigger a third of the time, allowing two thirds of trades to work. In real trading, though, anything could happen, so set a stop where you feel is best.

All of this is just guidance and I do not offer any type of guarantee that this setup will work. If and how you trade this is entirely up to you.

For more information on the setup, click See Also

-- Thomas Bulkowski

Retrace Setups

If none appear, then no setups were found in the 600+ securities I reviewed.

This is a list of stocks, ETFs and indices with a 57% to 67% retrace of the most recent advance, as of 9/22/22.

SecurityBottomPeakBottomLast
Close
DiffRetraceSuggested
Stop
Albemarle Corp. (ALB)  9/1/22   9/14/22  9/22/22 $270.74 $272.15 $1.41 0.5% 64% $268.94 -1.2%
Allstate Corp (ALL)  8/4/22   8/18/22  9/1/22 $119.89 $127.97 $8.08 6.7% 63% $119.00 -7.0%
Apple Inc. (AAPL)  6/30/22   8/17/22  9/16/22 $148.37 $152.74 $4.37 2.9% 66% $147.76 -3.3%
Automatic Data Processing Inc (ADP)  7/14/22   8/18/22  9/16/22 $228.24 $230.47 $2.23 1.0% 61% $224.92 -2.4%
CF Industries Holdings, Inc. (CF)  7/14/22   8/26/22  9/16/22 $95.31 $101.53 $6.22 6.5% 60% $92.52 -8.9%
ConocoPhillips (COP)  9/7/22   9/14/22  9/19/22 $109.43 $110.06 $0.63 0.6% 66% $109.26 -0.7%
Cummins Inc. (CMI)  7/14/22   8/16/22  9/22/22 $207.04 $207.04 $0.00 0.0% 63% $205.54 -0.7%
FirstEnergy Corp. (FE)  8/31/22   9/21/22  9/22/22 $40.36 $40.49 $0.13 0.3% 67% $40.35 -0.3%
Hanover Insurance Group, The (THG)  9/2/22   9/19/22  9/22/22 $131.50 $132.59 $1.09 0.8% 67% $131.49 -0.8%
LSB Industries Inc (LXU)  8/17/22   9/13/22  9/22/22 $14.25 $14.34 $0.09 0.6% 66% $14.22 -0.8%
Mueller Industries Inc. (MLI)  7/14/22   8/16/22  9/16/22 $58.31 $59.09 $0.78 1.3% 63% $57.44 -2.8%
Occidental Petroleum Corp (OXY)  8/5/22   8/29/22  9/8/22 $64.03 $61.88 -$2.15 -3.4% 65% $63.53 2.7%
U.S Silica Holdings Inc (SLCA)  7/14/22   8/18/22  9/8/22 $12.17 $12.01 -$0.16 -1.3% 58% $11.57 -3.6%
Vulcan Materials (VMC)  7/14/22   8/16/22  9/16/22 $157.39 $158.96 $1.57 1.0% 60% $154.81 -2.6%

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See Also

 

Support this site! Clicking any of the books (below) takes you to Amazon.com If you buy ANYTHING while there, they pay for the referral.
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My novels:  Bedroom to Boardroom book Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of chart patterns book Encyclopedia of Chart Patterns 3rd Edition book Trading classic chart patterns book

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