As of 07/03/2025   Indus: 44,829 +344.11 +0.8%     Trans: 16,047 +28.77 +0.2%     Utils: 1,053 +6.67 +0.6%     Nasdaq: 20,601 +207.97 +1.0%     S&P 500: 6,279 +51.93 +0.8%	YTD  +5.4%    +1.0%    +7.1%    +6.7%    +6.8%	Targets    Overview: 06/30/2025     45,100 or 43,000 by 07/15/2025   16,800 or 14,700 by 07/15/2025   1,090 or 1,025 by 07/15/2025   21,300 or 19,600 by 07/15/2025   6,350 or 6,000 by 07/15/2025
Chart Pattern Indicator: on 6/24/25

As of 07/03/2025   Indus: 44,829 +344.11 +0.8%     Trans: 16,047 +28.77 +0.2%     Utils: 1,053 +6.67 +0.6%     Nasdaq: 20,601 +207.97 +1.0%     S&P 500: 6,279 +51.93 +0.8%	YTD  +5.4%    +1.0%    +7.1%    +6.7%    +6.8%
Targets    Overview: 06/30/2025     45,100 or 43,000 by 07/15/2025   16,800 or 14,700 by 07/15/2025   1,090 or 1,025 by 07/15/2025   21,300 or 19,600 by 07/15/2025   6,350 or 6,000 by 07/15/2025
Chart Pattern Indicator: on 6/24/25

Recent Headlines Monday 7/7/25. Market Monday: The Week Ahead July 4: Market Holiday Thursday 7/3/25. Intraday Market Direction: Nasdaq Wednesday 7/2/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 7/1/25. 2025 Forecast Update Monday 6/30/25. Market Monday: The Week Ahead

Older Headlines Friday 6/27/25. Pattern Trading Setups for the Weekend. Thursday 6/26/25. Intraday Market Direction: Nasdaq Wednesday 6/25/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 6/24/25. Slider Trading Quiz! Toll Brothers: TMK Monday 6/23/25. Market Monday: The Week Ahead Friday 6/20/25. Pattern Trading Setups for the Weekend. Wednesday 6/18/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 6/17/25. Slider Trading Quiz! Tommy Hilfiger: TOM Monday 6/16/25. Market Monday: The Week Ahead Friday 6/13/25. Pattern Trading Setups for the Weekend.

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Monday 7/7/25. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

There's not much to say about the chart of the Nasdaq, daily scale, shown.

At A, the index made a V-shaped bottom with an extension (extended V-bottom). The extension is at B, which is a retrace of the recovery.

The horizontal green line near the top of the chart is overhead resistance but the index blew through that. Coupled with the gap (today, Thursday), it suggests more of an up move to come.

A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 10 days.

Here's a symbol list of 252 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, AES, ALB, ALKS, AMZN, AEP, AR, AAPL, ATR, ANET, ASH, AZTA, BMRN, BOOT, BAH, BFH, BCO, BG, CDNS, CE, CX, CNC, CLNE, CLF, CNX, CGNX, CMCO, CAG, GLW, CSGP, COTY, CR, CRH, CCRN, DDS, ^DJU, EXP, ECL, ELV, EPAM, EVRG, EVH, EXPD, FDX, FLS, FTV, GD, GIS, GOOGL, GES, HQY, HSII, HELE, HNI, HOLX, DHI, HOV, HUN, IDXX, ITW, ILMN, IIIN, ITGR, IBKR, TILE, INTU, JNJ, KFRC, LHX, LNC, RAMP, LMT, MHO, MTSI, M, MAN, MA, MTRX, MRK, MCO, MYGN, ^IXIC, NTGR, NTAP, NUS, NTNX, NVDA, OLN, OTEX, OR, OUT, PANW, PTEN, PFE, PLXS, PINC, PFG, PG, PRU, PHM, QTWO, QCOM, RRC, RGS, RNG, ROK, RCKY, RES, ^GSPC, SAIA, SBH, SLB, SEE, SEIC, SCI, NOW, SHOP, SKX, SCCO, SPSC, SNPS, TGT, TXN, TXT, TKR, UIS, UPS, VLO, WERN, WU, WLK, WPM, WMB, WSM, WOLF, WWW, WWD, IYC, IEZ, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IHF, IAT, IYZ, IEV, IGV, IXN, ILF, SLV, IGE, IYF, ITB, EWO, EWZ, EWC, ECH, EEM, EWG, EWH, EIS, EWM, EWW, EPP, EZA, EWY, EWP, EWL, EWT, THD, QLD, IBB, DBA, PBE, PEJ, PXJ, SSO, ROBO, XLF, XHB, XLI, XRT, SPY, XLK, UNG, SMH, VIS, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Thursday 7/3/25. Intraday Market Direction: Nasdaq

$ $ $

I show a picture of the Nasdaq composite on the 5-minute scale.

Notice how the index moved sideways at A and B. To me, this looks as if the index is waiting for something to happen. You see this type of horizontal move after a buyout or merger offer. Of course, the sideways move lasts longer than a day (often 6 months or more).

This sideways move could be related to the short week, Friday being a market holiday. It's not an FOMC meeting. They Federal Reserve meets July 29-30.

I don't have an explanation except to say that it's unusual.

$ $ $

Here's a symbol list of 175 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AES, A, ALB, ALKS, AMN, AR, AAPL, ATR, ACGL, ANET, ASH, ATO, AVNT, AXS, AZTA, BALL, BIIB, BFH, BCO, BMY, CAL, CPB, CE, CX, CNC, CLNE, CLF, CMCO, CMTL, CCRN, DHR, XRAY, DDS, DTE, ELV, EME, EPAM, EG, FMC, FCX, GPN, GOOGL, GES, HE, HQY, HTLD, HSII, HELE, HSY, HNI, HON, HURC, IEX, IDXX, IPAR, IBKR, INTU, JAZZ, JBLU, KELYA, KLIC, LZB, LEG, RAMP, LMT, M, MGY, MAN, MA, MTDR, MRK, MUR, MYGN, ^IXIC, NFG, NTGR, NWL, OLN, ASGN, OTEX, ORCL, OUT, PTEN, PFE, PLXS, PINC, KWR, QCOM, RL, RRC, RGS, RNG, RHI, ROK, ROL, ROST, RES, ^GSPC, SHOP, SKX, SKYW, SCCO, SSYS, SNPS, TDC, TKR, TRV, TREX, TWLO, UHAL, UIS, VFC, VMI, VECO, WRB, WSO, WERN, WLK, WMB, IYM, IEZ, FTEC, FXL, QQQ, IEV, MXI, IXN, EWO, EWZ, ECH, EEM, EWQ, EWH, EWI, EWM, EWW, EPP, EZA, EWY, EWL, THD, TUR, EWU, QLD, SSO, XLY, SPY, XLK, MGK, VONG. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Wednesday 7/2/25. A Look at the Chart Pattern Indicator (CPI)

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

I wrote about the CPI yesterday in my 2025 forecast, so not much has changed. Today (Tuesday night), the Nasdaq dropped but the Dow industrials climbed. The S&P dropped a small amount.

The CPI gathered strength from yesterday's 77.8 reading. The current reading is up to 94.8 with a maximum of 100. So the CPI can move a bit higher, but it's likely to drop in the coming days.

$ $ $

Here's a symbol list of 282 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AYI, ADBE, AEIS, AES, ALRM, ALB, ALKS, AEE, AEO, AEP, AR, AON, APOG, AAPL, ATR, ANET, AWI, ARW, ASH, AGO, AVNT, AVA, AXS, AZTA, BZH, BMRN, BKH, BOOT, BRC, BFH, BRKR, BLDR, CBT, CE, CX, CDAY, CHD, CIEN, CLNE, CNX, CGNX, CMCO, CMTL, CSGP, CR, CCRN, CSGS, DECK, XRAY, DVN, DDS, DSGR, DOV, BOOM, EXP, EMN, ECL, EIX, EMR, EPAM, EVRG, EXPI, EXPD, FDX, FIS, FDP, GAP, GD, GNW, GPN, GL, GOOGL, GGG, GFF, GES, HBI, HLIT, HE, HQY, HTLD, HSII, HELE, HNI, HD, DHI, HOV, JBHT, IDA, IEX, IDXX, ITW, IIIN, IBKR, TILE, INTU, JBLU, KALU, KMT, KFRC, KSS, KLIC, LH, LEG, LDOS, LLY, LNC, RAMP, LOW, MHO, M, MAN, MRTN, MAS, MA, MTRN, MRK, MRCY, MLKN, MCO, MLI, MYGN, NFG, NTGR, NTAP, NWL, NKE, NWPX, NOVT, NUS, NTNX, OLN, OMCL, ON, OTEX, OUT, PATK, PTEN, PFE, PLXS, PPG, PPL, PINC, PRU, PHM, RL, RRC, RJF, REGN, RGS, RNG, ROK, ROG, R, SAIA, SLB, SEE, SIGI, SHW, SLGN, STR, SKYW, SWX, SXI, SCS, SNPS, TGT, TECH, TDC, TER, MZTI, TKR, TOL, TG, TWLO, UIS, UPS, UNM, VLO, VMI, VECO, VRTX, VC, VMC, WERN, WLK, WEX, WSM, WOLF, WWW, ZBRA, IYM, IYK, IYC, IAT, ILF, IYF, ITB, EWO, EWK, EWZ, ECH, EWM, EWW, EWS, EZA, EWP, EWL, THD, TUR, EWU, IBB, DBA, PBE, PXJ, PHO, XLY, XLF, XHB, XRT, XLU. Click this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

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