As of 10/15/2021
Indus: 35,295 +382.20 +1.1%
Trans: 15,191 +247.29 +1.7%
Utils: 899 -1.55 -0.2%
Nasdaq: 14,897 +73.91 +0.5%
S&P 500: 4,471 +33.11 +0.7%
|
YTD
+15.3%
+21.5%
+3.9%
+15.6%
+19.0%
|
 35,600 or 33,500 by 11/01/202115,450 or 14,000 by 11/01/2021925 or 860 by 11/01/202115,400 or 14,200 by 11/01/20214,600 or 4,250 by 11/01/2021 |
As of 10/15/2021
Indus: 35,295 +382.20 +1.1%
Trans: 15,191 +247.29 +1.7%
Utils: 899 -1.55 -0.2%
Nasdaq: 14,897 +73.91 +0.5%
S&P 500: 4,471 +33.11 +0.7%
|
YTD
+15.3%
+21.5%
+3.9%
+15.6%
+19.0%
| |
|
35,600 or 33,500 by 11/01/202115,450 or 14,000 by 11/01/2021925 or 860 by 11/01/202115,400 or 14,200 by 11/01/20214,600 or 4,250 by 11/01/2021 | ||
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Swing and Day Trading
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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.
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
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 10/14/21.
| Security | Bottom | Peak | Bottom | Last Close | Diff | Retrace | Suggested Stop |
|---|---|---|---|---|---|---|---|
| Alliance Data Systems Corp (ADS) | 9/21/21 | 9/27/21 | 10/13/21 $96.25 | $98.99 | $2.74 2.8% | 65% | $95.99 -3.0% |
| Apogee Enterprises (APOG) | 9/21/21 | 9/27/21 | 10/6/21 $36.36 | $39.63 | $3.27 9.0% | 62% | $36.03 -9.1% |
| Booze Allen Hamilton Holding Corp (BAH) | 9/21/21 | 10/4/21 | 10/13/21 $79.42 | $80.66 | $1.24 1.6% | 61% | $79.18 -1.8% |
| Discover Financial Services (DFS) | 9/20/21 | 9/27/21 | 9/30/21 $122.77 | $126.82 | $4.05 3.3% | 64% | $122.37 -3.5% |
| Duke Energy Corp (DUK) | 9/28/21 | 10/7/21 | 10/13/21 $99.05 | $101.65 | $2.60 2.6% | 59% | $98.55 -3.0% |
| Olin Corp. (OLN) | 9/21/21 | 9/27/21 | 10/6/21 $47.42 | $48.66 | $1.24 2.6% | 59% | $46.82 -3.8% |
| Patterson-UTI Energy Inc. (PTEN) | 9/21/21 | 10/5/21 | 10/13/21 $8.46 | $8.98 | $0.52 6.1% | 59% | $8.24 -8.2% |
| Scotts Miracle-Gro Co. (SMG) | 9/20/21 | 9/28/21 | 10/6/21 $145.07 | $148.58 | $3.51 2.4% | 58% | $143.80 -3.2% |
| SEI Investments Co (SEIC) | 9/20/21 | 9/28/21 | 10/4/21 $58.75 | $61.27 | $2.52 4.3% | 60% | $58.47 -4.6% |
| Summit Materials Inc (SUM) | 9/20/21 | 10/4/21 | 10/12/21 $31.08 | $33.41 | $2.33 7.5% | 63% | $30.88 -7.6% |
| Nasdaq 100 short 1x ProShares (PSQ) | 9/7/21 | 10/4/21 | 10/14/21 $11.87 | $11.87 | $0.00 0.0% | 57% | $11.77 -0.8% |
| Nasdaq 100 short 2x ProShares (QID) | 9/7/21 | 10/4/21 | 10/14/21 $18.89 | $18.92 | $0.03 0.2% | 58% | $18.62 -1.6% |
| UltraShort 2x Real Estate ProShares (SRS) | 9/7/21 | 10/6/21 | 10/14/21 $14.51 | $14.52 | $0.01 0.1% | 65% | $14.46 -0.4% |
See Also
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