Subscribe to RSS feeds Bulkowski Blog via RSS

Thomas Bulkowski’s successful investment activities allowed him to retire at age 36. He is an internationally known author and trader with 30+ years of stock market experience and widely regarded as a leading expert on chart patterns. He may be reached at

Support this site! Clicking the links (below) takes you to If you buy ANYTHING, they pay for the referral.

Picture of Bumper.
Picture of the head's law.
Chart Patterns: After the Buy
Getting Started in Chart Patterns, Second Edition book.
Trading Basics: Evolution of a Trader book.
Fundamental Analysis and Position Trading: Evolution of a Trader book.
Swing and Day Trading: Evolution of a Trader book.
Visual Guide to Chart Patterns book.
Encyclopedia of Chart Patterns 2nd Edition book.

Bulkowski's Watch List

Class Elliott Wave Fundamentals Psychology Quiz Research Setups Software Tutorials More...
Candles Chart
Small Patterns
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 01/18/2019
24,706 336.25 1.4%
10,012 255.31 2.6%
707 1.18 0.2%
7,157 72.77 1.0%
2,671 34.75 1.3%
Tom's Targets    Overview: 01/14/2019
24,800 or 22,800 by 02/01/2019
10,100 or 8,850 by 02/01/2019
740 or 680 by 02/01/2019
6,600 or 7,300 by 02/01/2019
2,740 or 2,565 by 02/01/2019

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

READ THIS: The following are NOT stocks I own or recommend people buy. This is just a shopping list of stocks I'm interested in buying. I may or may not buy them.

Consider these stocks as just the first cut in a long process of elimination. They have not been filtered for anything other than I find them interesting, so you should do additional research before trading them. I am not recommending that you buy any of these stocks. No stocks that I currently own appear in the list unless I bought it after I posted it. See the privacy statement and disclaimer for more information. I do not tout stocks that I own nor do I tout stocks on behalf of others.

I have a computer program that builds this list by finding the most recent chart pattern in the file. That may or may not be the one I am interested in, so keep that in mind. This list is updated whenever time allows. Stocks may appear or disappear without this list being updated.

Watch List Removal Philosophy

First, there are two reasons for a security listed in the Additions section to not appear in the list. The first is that I bought it. Stocks I own, as I mentioned above, will not appear in this list. I don't want to be accused to touting stuff I own.

Second, is that I conducted more research or something happened in the markets which caused me to remove the security from my shopping list. It fell out of favor for whatever reason. I don't disclose the reason for removal (I used to), because maintaining the list is just too much trouble.


Watch List

The following are NOT stocks I own or recommend people buy. This is just a shopping list of stocks I'm interested in buying. I may or may not buy them. Read the above introduction for more information.

If no securities appear in the list, then I don't see anything worth buying. Click on the symbol for a more detailed discussion of the security. This list is automatically generated, so the patterns found here are the most recent ones located in the stock, but are not necessarily the ones I am looking at. Read the list of additions for a more accurate picture.


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, Second Edition.
Microsoft Corp (MSFT)
Industry: Computer Software and Svcs
Industry RS rank: 9 out of 58
Stock RS rank: 117 out of 599
9/28/18 close: $114.37
1 Month avg volatility: $1.69. Volatility stop (for upward breakout): $110.30 or 3.6% below the close.
Change YTD: 33.70%
Volume: 20,491,700 shares. 3 month avg: 21,460,729 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 07/19/2018 to 08/23/2018
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.


Premier Inc (PINC)
Industry: Healthcare Information
Industry RS rank: 1 out of 58
Stock RS rank: 44 out of 599
9/28/18 close: $45.78
1 Month avg volatility: $0.66. Volatility stop (for upward breakout): $43.71 or 4.5% below the close.
Change YTD: 55.13%
Volume: 572,700 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: Pipe bottom reversal pattern from 02/05/2018 to 02/12/2018
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.


salesforce com (CRM)
Industry: E-Commerce
Industry RS rank: 12 out of 58
Stock RS rank: 64 out of 599
9/28/18 close: $159.03
1 Month avg volatility: $3.25. Volatility stop (for upward breakout): $152.45 or 4.1% below the close.
Change YTD: 55.56%
Volume: 4,576,300 shares. 3 month avg: 4,417,257 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: Measured move down from 03/14/2018 to 04/25/2018


Watch List Additions

I added 2 stocks to my shopping list: Microsoft (MSFT) and (CRM). Both have lots of insider selling (bad). Price is high but this is an upward momentum play. Look at the trend on the weekly charts and you'll see what I mean. Might be a buy on a pullback.

9/8/18. I added one stock from the best performing industry I follow (healthcare information). Premier (PINC). The company had a good quarter so its price skyrocketed. Thus, buying now is too expensive, but it's backtracked some. My guess is it'll continue forming a flag and then resume its upward move. You can look at the good earnings event pattern to see how the stock is likely to behave.

7/7/18. Two new picks today: Cognizant Technology Solutions (CTSH) and WEX (WEX). CTSH shows a bump-and-run reversal bottom, sorta, from mid April and has broken out upward. I expect a run up to the old high of 85, maybe higher, but earnings on 8/1 could derail it, or power it higher. WEX: Very nice rectangle in June to today, but earnings are due 7/25.

6/16/18 I went shopping for Diving board patterns. I've added the following to my shopping list: Bristol-Myers Squibb (BMY), Procter and Gamble (PG), Visa (V). BMY is a diving board play (Oct to May), along with a confirmed double bottom since May. PG is another diving board from Jan '17 to today. It's a higher risk and probably more sedate recovery. V is a momentum play. I may buy some or all of these at Monday's open.

6/10/18. I'm flush with cash so it's time to go shopping. I found three: Danaher (DHR), Fair Isaac (FICO), and Fiserv (FISV). These are momentum plays. Danaher shows a large symmetrical triangle from late Jan to now. The others are following an upward trend line on the weekly scale. These are momentum plays: buy high, sell higher. But I'd wait for a retrace in all of them.

1/15/2018, (revised 1/17/18). I did add Mastercard (MA) today, which I intend to buy at the open tomorrow. My guess is this will drop some in the coming days before recovering. It will also suffer if the government cuts merchant fees which the company receives. If that happens, it might be a buying opportunity.

Not shown in the list but I'm looking at these ETFs for purchase: FSCPX, FSPHX, FSDPX, FSCHX, ARKW, SMH, XAR, IAI, XHE. With the markets so high, I don't want to buy individual securities. So I'm looking at ETFs as a way to diversify in a sector, and these fit the bill.

1/4/18 I added New York and Company (NWY) because of its high and tight flag. I haven't examined the company to see if it's really worth buying, but the HTF looks appealing. Maybe for a small position, it's worth a play.

12/23/17 I continue to search for something to buy in an environment where everything is expensive. So I looked at ETFs and found XLK, the SPDR technology select sector fund. It's expensive here, so I'll wait for it to come down some. I also added BOTZ (Global X Robotics and Artificial Intelligence fund), and ITB (DJ US Home construction).

Most of the stocks I added to the list on 12/19, I didn't buy and removed them from the list. Why? Various reasons, but do your own homework.

12/19/17 As I wrote in my blog, I went shopping for stocks to buy this past weekend, and I found some. It took three days of searching, including research I really didn't need, but here's the list.

Aceto (ACET), Freeport-McMoRan Copper and Gold (FCX), JCPenney (JCP) and Newell Brands (NWL). Most of these are all plays on a struggling company, a fallen angel. Think bottom fishing. ACET has been dropping since 2015. This is a cloud bank pattern play. I see this recovering from 10-11 to 15, nearly a 50% move. FCX: Another cloud bank at 29-30, so this is a near double. JCP: A highly leveraged company with strong insider buying in August. NWL: I see this climbing to 45, as a rebound to a dead-cat bounce. A small cloud bank at 45.

I added CTS Corp (CTS) and Amdocs Limited (DOX) to my shopping list. These are appealing on the weekly scale for a longer term hold.

1/14/17. TXN (Texas Instruments) shows an ascending triangle. A check of the company didn't find any surprises. They pay a small dividend and plan to use their cash flow to buy back shares. Earnings come out on the 24th, so that's a risk. My plan is to buy a half position (which I almost never do within 3 weeks of an earnings announcement) and buy the rest if the stock dips after earnings come out. The industry is hot right now, and has been hot for months.

12/10/16. I took a day to review my holdings and select buy and sell targets and the next day to search for possible buy candidates. Of the ten stocks I picked out, only two survived the review. They are CF Industries (CF) and USG Corp (USG). On the weekly chart, one (USG) has broken out above overhead resistance and the second is a play on a cloud bank. I'm hoping that the swift drop will recover with a rise almost as swift (but it's high risk). Both are long term plays.


10/9/16 I added Atwood Oceanics (ATW) and Northwest Pipe (NWPX). ATW is a play on the recovering oil market since it began it's slide in mid 2013. An upward breakout from a rectangle top in NWPX might signal an extended upward move. This stock has been suffering since mid 2014, so it's not a sure thing either and recovery will take time.

8/28/16 I did some shopping for stocks in anticipation of a drop in the markets during Sept/Oct. Here's what I found: Beazer Homer (BZH), General Cable (BGC), Lam Research (LRCX), Herman Miller (MLHR), and Stein Mart (SMRT) .

5/29/16. I added Dynamic Materials (Boom) and Hovnanian (HOV). Boom is a combination bottom fishing and high, tight flag play. I like the tight shape of the flag but the stock is reluctant to move higher. It could break out downward, so I'll wait for it to hit 11 or so. HOV is another bottom fishing play. The housing market is firming up and I expect this to recover over the long term (years). The stock has earnings due on 6/2, so I'll wait for that and probably a few weeks after to let it play out. Let me also say that I've not done well in housing stocks so this could be another disaster.

3/18/16. I removed Genworth from consideration since it reads more like a company struggling to stay out of bankruptcy. Westlake is also being dropped because it's trying to buy another chemical company. That will hurt the company in the short term since they'll be fighting to acquire it at a higher price and to integrate Axiall into the fold.

3/17/16. I added these after reviewing my database: CDI Corp (CDI), Genworth (GNW), and Westlake Chemical (WLK). I haven't researched any of them yet. I've owned Genworth but they have been struggling lately. They might have hit bottom. The high and tight flag might make for a good trade. CDI is coming off a head-and-shoulders bottom, moving up. This is an indirect play on the oil business. Westlake is coming off a double bottom. Full disclosure: I could buy any of these stocks at tomorrow's open.

3/10/16. I did more research on MOS, IPI, and POT and found that potash prices will likely decline through 2017. So even though MOS is inexpensive with good upside potential, I expect it to drop, so am removing it from my shopping list.

I also removed TDC from my shopping list. The stock has been going down for a long time now, too long, and management says 2016 will be weak, too.

3/7/16 I added three picks today: Celdadon (CGI), Mosaic (MOS) and Teradata (TDC). Good price for MOS is to buy at 26 and sell at 45. TER: buy at 24-25 and sell at 40. CGI: The stock broke out of a congestion region today, so it's up 6% or so. Maybe wait for a throwback and then buy. Sell at 17. These are all longer-term plays, but that's the kind of returns I'm looking for. I expect a retrace in the general market, so maybe these buy prices will occur. Be sure to check everything again if that happens. They might not be buys then. See 3/10/16 note.


2/23/16. I added Lincoln National Corp (LNC) to my shopping list. This is a cloud bank play with a potential rise to 45 and 50. But it's a bit high now. I'll wait for an ugly double bottom or even a double bottom to appear and maybe buy then.

2/4/16 I added AEL (American Equity Investment). The stock is down since Nov but I'm not sure why. Earnings come out on 2/10, so I'll wait to see how bad they are. The only thing good about this is its recovery potential.

2/1/16 The following are cloud bank patterns (weekly scale: high risk, high reward). Chicos FAS (CHS), Devon Energy (DVN), Dynamic Materials (Boom), Gap (GPS), Harsco (HSC), Northwest Pipe (NWPX), Principal Financial Group (PFG), Southwestern Energy (SWN), Stein Mart (SMRT), USG Corp (USG).

1/28/16. I added 3 stocks to my shopping list: WMT (Walmart), SMTC (Semtech), and ADTN (Adtran). Full disclosure: I bought some of the Walmart this morning and have a limit order to buy SMTC. As for ADTN, it's too expensive at this stage to buy but it does have some upside potential.

WMT has earnings coming up in about 3 weeks, so it's a risk especially with them paying workers more and closing stores. Upside is 73 to 80 where a cloud bank rests.

SMTC has a cloud bank, too, at 22 to 28.

ADTN: I see a rise to 22 to 25, so if I can pick some up at, say, 17, it might make sense. It's a telecom play, and I don't like the competitive nature of the industry.

1/12/2016. I found some bottom fishing stocks I like and one that's a momentum play. JC Penny (JCP) shows a confirmed double bottom. It's a turn around play that I mentioned before (it was a dud then). Looks like a good candidate to see it rise from about $7.30 to $10. Macy's (M) is another double bottom play. The stock is trading around 39 and it could recover to 63. That could take years. 49 seems more likely. Finally, VCA (Woof) is the momentum play. It had a downward breakout from a symmetrical triangle. My guess is this will bust and when it does, the stock will be a buy. Otherwise, it seems priced for perfection.

1/5/16: I'm adding AES (AES) to my shopping list. This is a power company that owns power plants in 18 countries. Yield 4%. Price has thrown back to a head-and-shoulders bottom pattern (December) and is struggling to move up. That could be due to the international nature of its holdings (coupled with a strong dollar).

Also, Christopher and Banks (CBK). This is a high risk play since it's so cheap and women's apparel isn't exactly high tech. Insiders are buying the stock and price has confirmed a double bottom. My guess is it'll drop back some before moving much higher. I need to do more checking on this one before I buy.

-- Thomas Bulkowski


See Also

Written by and copyright © 2005-2019 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. Q: What is the difference between men and government bonds? A: Bonds mature.