Weekly recap

The week in setups: October 5 to 9

0 confirmed, 0 at target, 3 negated. Plus the three names closest to a breakout.

Alex Sanchez-Axline

Alex Sanchez-Axline

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Weekly recap scorecard: 0 confirmed, 0 at target, 3 negated

This is the free Sunday recap. It shows how last week's setups played out: what confirmed, what reached its target, what failed, and three names closest to a breakout going into the week, with charts. The full list, every name that passes the rules after each market close with its line, trigger, stop and target, goes to paid members only.

The market at the close

S&P 500 (SPY) close 778.57SPY vs its 200-day average +8.2%SPY vs its 50-day average +1.6%SPY below its 52-week high 0.4%Regime (our label for the tape) uptrend, narrowStocks above their 200-day average 50% of 2,055Stocks above their 50-day average 31%Stocks at a 52-week high 39Stocks at a 52-week low 32

Breadth counts cover the stocks we scan. Uptrend, narrow: SPY is above its averages but fewer than 55% of stocks are above their 200-day: the index is up, most stocks are not. Breakouts outside the leaders fail more often; prefer names with strong relative strength.

Negated: GBDC (closed under 12.29, pattern failed), ARW (closed under 234.55, pattern failed), TARS (closed under 72.76, pattern failed).

Open list: 4 bases near a breakout, 2 double bottoms, 12 inverse head and shoulders.

Closest to a breakout

KSS weekly chart
KSS: inverse head and shoulders, approaching the line (weekly)
Show daily chart
KSS daily chart
KSS: inverse head and shoulders, approaching the line (daily)

Kohl's Corporation, department stores, $2.3B. Earnings Nov 24 (in 32 sessions) 33-week bottom inverse head and shoulders.

KSSClose 20.35Line 20.41Trigger 20.87Stop set at breakoutTarget 29.61Negation 16.21State approaching the lineTrend upMinervini template 4/5 (200-day not rising)
BP weekly chart
BP: inverse head and shoulders, approaching the line (weekly)
Show daily chart
BP daily chart
BP: inverse head and shoulders, approaching the line (daily)

BP p.l.c., oil & gas integrated, $119.1B. Earnings Oct 30 (in 15 sessions) 23-week continuation inverse head and shoulders.

BPClose 46.25Line 47.04Trigger 47.60Stop set at breakoutTarget 58.48Negation 42.47State approaching the lineTrend upMinervini template 5/5
WAY weekly chart
WAY: inverse head and shoulders, approaching the line (weekly)
Show daily chart
WAY daily chart
WAY: inverse head and shoulders, approaching the line (daily)

Waystar Holding Corp., health information services, $5.1B. Earnings Oct 28 (in 13 sessions) 22-week bottom inverse head and shoulders.

WAYClose 26.68Line 27.17Trigger 27.71Stop set at breakoutTarget 37.08Negation 22.95State approaching the lineTrend turningMinervini template 2/5 (200-day not rising, far from the 52-week high, RS rank 45)
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FinVigilante is educational and not investment advice. These are chart patterns found by a rules-based scan, not recommendations to buy or sell, and nothing here is tailored to you. Levels are from the last close and can be gone by the open. Do your own research and read the full disclaimer.

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