Bulkowski's Blog: ThePatternSite.com
As of 04/30/2025
  Indus: 40,669 +141.74 +0.3%  
  Trans: 13,640 +63.98 +0.5%  
  Utils: 1,033 -3.63 -0.4%  
  Nasdaq: 17,446 -14.98 -0.1%  
  S&P 500: 5,569 +8.23 +0.1%  
YTD
-4.4%  
-14.2%  
 +5.1%  
-9.7%  
-5.3%  
  Targets    Overview: 04/25/2025  
  Up arrow41,700 or 38,000 by 05/15/2025
  Up arrow14,400 or 13,000 by 05/15/2025
  Up arrow1,075 or 1,000 by 05/15/2025
  Up arrow18,300 or 16,500 by 05/15/2025
  Up arrow5,700 or 5,300 by 05/15/2025
As of 04/30/2025
  Indus: 40,669 +141.74 +0.3%  
  Trans: 13,640 +63.98 +0.5%  
  Utils: 1,033 -3.63 -0.4%  
  Nasdaq: 17,446 -14.98 -0.1%  
  S&P 500: 5,569 +8.23 +0.1%  
YTD
-4.4%  
-14.2%  
 +5.1%  
-9.7%  
-5.3%  
  Targets    Overview: 04/25/2025  
  Up arrow41,700 or 38,000 by 05/15/2025
  Up arrow14,400 or 13,000 by 05/15/2025
  Up arrow1,075 or 1,000 by 05/15/2025
  Up arrow18,300 or 16,500 by 05/15/2025
  Up arrow5,700 or 5,300 by 05/15/2025

April 2025 Headlines

Archives


Wednesday 4/30/25. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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.

The most recent signal change happened about two weeks ago when the indicator cycled from neutral to bullish. Bullish is the green vertical bar on the far right of the chart.

You can see the CPI line but it's highlighted in the inset, which is that blob in the middle of the chart. It shows the indicator gaining altitude at a steady clip. But there's a problem.

The scale for the indicator goes from 0 to 100 and the current reading is 92.4. There's not a lot to climb before it hits max.

What this tells me is to expect a retrace soon. How soon? Days to one week, but probably not more. It can't say how far the index will retrace either. All of this is just a guess, so keep that in mind.

If you're a Elliott Waver, then I believe we went through an ABC correction (from chart peak to April low). So now could be wave 1 or 3, heading for a 5 wave push upward. That means a rise, retrace, (already happened) rise (in progress), retrace, and rise. Unless it decides to extend another retrace rise pair.

$ $ $

Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ALRM, ALK, ALGT, AEO, AMWD, AME, AON, ARCB, ADP, AVY, AVNT, BMI, BCPC, BMRN, BKH, BR, CDNS, CALM, CPB, CENX, CHKP, CINF, CLNE, CLX, CMTL, CXW, CR, CROX, CCK, CW, ^DJU, EXP, EME, EFX, FFIV, FARO, FIVN, FTV, FDP, GIS, GILD, HQY, HELE, HNI, HD, HON, HUM, JBHT, IDXX, ITW, NSP, ITGR, IBKR, K, KFRC, LH, LANC, RAMP, LPLA, MANH, MAN, MAS, MA, MDT, META, MCO, MS, ^IXIC, NOVT, NUS, OTEX, ORCL, PTEN, PAYX, PCTY, PFG, PG, PEG, PSTG, QTWO, RJF, RTX, RGS, RNG, RCKY, ROST, RGLD, ^GSPC, CRM, SKYW, SXI, TGT, TECH, TSCO, TRV, TWLO, UIS, UNH, MDRX, WERN, WPM, WSM, WOLF, ZBRA, IAI, IYC, FTEC, FDN, BOTZ, QQQ, IYH, IGV, MXI, SLV, IHI, EWO, EWI, EWY, EWL, EWT, THD, TUR, QLD, SSO, ROBO, XLY, XLV, SPY, XAR, XLK, UNG, VHT, 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.

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

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Tuesday 4/29/25. Slider Trading Quiz!

The Dow climbed by 0.3% or 114.09 points. Since 10/01/1928 the Dow made 1172 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 642 occasions.
     Average loss was -0.6% on 530 occasions.
Expect the Dow to close higher 54.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 306/562 or 54.4% of the time.
     The prediction of the Dow closing lower has been right 59/123 or 48.0% of the time.

$ $ $

I show another slider trading quiz featuring Tribune Co. 2: TRB stock.

$ $ $

Here's a symbol list of 92 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, AEE, AEO, AMN, AAPL, ARW, ADSK, BA, BFH, BR, CALM, CPB, CF, CLF, CNX, CGNX, CMTL, ED, CSGP, CROX, CSGS, CMI, DHR, EXP, EBAY, EME, EQT, FFIV, FARO, FIS, FIVN, FMC, HNI, HUM, NSP, IPI, JAZZ, K, MRK, NEU, NI, NOVT, PTEN, PPL, PHM, ROK, RCKY, RGLD, SAIA, SBH, SEIC, NOW, STR, TDOC, TSCO, TZOO, UHAL, UIS, UNH, VEEV, WMB, WSC, WOLF, WWW, IDU, QTEC, FXL, MXI, IXN, ILF, IEO, EWK, EWZ, ECH, EWG, EWI, EWJ, EWM, EWS, EZA, EWP, EWL, EWU, PJP. 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 Dow industrials, 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), Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  33,677.02    
 Weekly S2  36,932.67  3,255.66   
 Monthly S1  36,952.30  19.63   Yes! The Monthly S1 is close to the Weekly S2.
 Weekly S1  38,580.13  1,627.82   
 Weekly Pivot  39,478.12  897.99   
 Daily S2  39,625.21  147.09   
 Low  39,869.10  243.89   
 Monthly Pivot  39,887.07  17.96   Yes! The Monthly Pivot is close to the Low.
 Daily S1  39,926.40  39.33   Yes! The Daily S1 is close to the Monthly Pivot.
 61.8% Down from Intraday High  40,077.32  150.92   
 50% Down from Intraday High  40,141.64  64.32   
 Daily Pivot  40,170.29  28.65   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Open  40,171.74  1.45   Yes! The Open is close to the Daily Pivot.
 38.2% Down from Intraday High  40,205.96  34.22   Yes! The 38.2% Down from Intraday High is close to the Open.
 Close  40,227.59  21.63   Yes! The Close is close to the 38.2% Down from Intraday High.
 High  40,414.18  186.59   
 Daily R1  40,471.48  57.30   
 Daily R2  40,715.37  243.89   
 Weekly R1  41,125.58  410.21   
 Weekly R2  42,023.57  897.99   
 Monthly R1  43,162.35  1,138.78   
 Monthly R2  46,097.12  2,934.77   

Monday 4/28/25. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

I show two chart patterns in Christmas colors, on the daily scale.

The first is A, red, which is a diamond bottom. This example has an upward breakout when price closes outside the north-east trendline. The index doesn't rise much afterward, though.

The second pattern is in green, at B. It's a broadening top because price enters the pattern from the bottom. This example as three touches on the bottom but falls one short of that on the top (measured by minor highs and minor lows, and not by individual price bar touches).

So, it's not ideal.

I am looking for the indices to calm down because I believe Trump is surrendering in his tariff war(s). I expect the index to rise to touch the top trendline. Of course, it's a weekend, and Trump will push things around on something or other. Overall, I'm expecting the markets to recover.

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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.

Monday: Down 971.82 points.
Tuesday: Up 1016.57 points.
Wednesday: Up 419.59 points.
Thursday: Up 486.83 points.
Friday: Up 20.1 points.

For the Week...

The Dow industrials were up 971.27 points or 2.5%.
The Nasdaq composite was up 1096.49 points or 6.7%.
The S&P 500 index was up 242.51 points or 4.6%.

Year to Date...

Dow Industrials
     11.0% down from the high of 45,054.36 on 01/31/2025.
     9.6% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     13.6% down from the high of 20,118.61 on 01/24/2025.
     17.6% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     10.1% down from the high of 6,147.43 on 02/19/2025.
     14.3% up from the low of 4,835.04 on 04/07/2025.

Options Expiration

No options expire this week.

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  39,571  39,842  39,990  40,261  40,408 
Weekly  36,895  38,504  39,440  41,050  41,986 
Monthly  33,639  36,876  39,849  43,086  46,059 
S&P500 (^GSPC): Daily  5,431  5,478  5,503  5,550  5,575 
Weekly  4,959  5,242  5,385  5,668  5,811 
Monthly  4,430  4,978  5,382  5,930  6,334 
Nasdaq (^IXIC): Daily  17,006  17,194  17,299  17,488  17,593 
Weekly  15,105  16,244  16,824  17,963  18,543 
Monthly  13,319  15,351  16,816  18,848  20,313 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season is either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 62 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AMN, AON, APOG, AMAT, ANET, BMY, CACI, CALM, CPB, CNC, CLNE, CNX, ED, EBAY, EME, EVRG, FICO, FISV, GD, GOOGL, GPRO, HLIT, HUM, INCY, IPAR, IPI, K, LMT, META, MUR, PCG, PLXS, RRC, RLI, SAIA, SHOP, STR, SO, TREX, UNH, VRSN, IDU, FDN, BOTZ, IHF, EWK, EWZ, EWG, EWI, EZA, EWP, EWU, DBA, XLU, USO. 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.

This WeekLast Week
1. Internet1. Short ETFs
2. Natural Gas (Diversified)2. Internet
3. Financial Services3. Natural Gas (Diversified)
4. Electric Utility (Central)4. Electric Utility (Central)
5. Metals and Mining (Div.)5. Metals and Mining (Div.)
6. Natural Gas (Distributor)6. Natural Gas (Distributor)
7. Short ETFs7. Financial Services
8. Investment Co. (Foreign)8. Insurance (Diversified)
9. Securities Brokerage9. Retail Store
10. Insurance (Prop/Casualty)10. Insurance (Prop/Casualty)
Best Performing AboveWorst Performing Below
50. Chemical (Diversified)50. Biotechnology
51. Petroleum (Producing)51. Computers and Peripherals
52. Semiconductor52. Trucking/Transp. Leasing
53. Chemical (Basic)53. Semiconductor
54. Human Resources54. Human Resources
55. Toiletries/Cosmetics55. Toiletries/Cosmetics
56. Shoe56. Chemical (Basic)
57. Advertising57. Oilfield Svcs/Equipment
58. Trucking/Transp. Leasing58. Advertising
59. Oilfield Svcs/Equipment59. Shoe
60. Homebuilding60. Homebuilding

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

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Friday 4/25/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 114 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AKAM, AEE, AXP, AIG, AMWD, APA, ADM, AIZ, AGO, ADP, AVY, BMI, BCPC, BERY, BA, BRKR, BG, CACI, CALM, CSCO, CNO, CTSH, CMCO, CMTL, CAG, GLW, CSGP, COTY, ^DJT, ^DJI, DOV, EXP, EME, EMR, EL, FARO, FDX, FTNT, FTV, GAP, IT, GL, GS, THG, HUBG, HUM, JBHT, IEX, IIIN, IPI, IRM, JBLU, LAMR, LNC, RAMP, MLM, MRCY, META, MS, MLI, NOV, NEU, JWN, ORI, ON, PCTY, PCG, PFG, PG, PGR, RGA, ROL, RES, SAIA, SIGI, NOW, SHOP, STR, LUV, SRDX, TXN, TXT, TG, UPS, UNH, MDRX, VMC, WMT, WSM, WSC, IYC, DDM, IAT, IYZ, IYF, EWK, EEM, EWI, EWS, EWY, EWP, EWT, DBA, PJP, ROBO, XLY, XLF, XLI, UNG, VIS. 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.

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ABMUgly double bottom      04/09/202504/21/2025Industrial Services
APHPipe bottom      03/31/202504/07/2025Electronics
ARWPipe bottom      03/31/202504/07/2025Electronics
ADSKHead-and-shoulders bottom      03/13/202504/21/2025Computer Software and Svcs
BMIPipe bottom      03/31/202504/07/2025Precision Instrument
BAPipe bottom      03/31/202504/07/2025Aerospace/Defense
BKNGHead-and-shoulders bottom      03/13/202504/21/2025Internet
BCOBroadening bottom      03/10/202504/09/2025Industrial Services
BGDouble Bottom, Eve and Adam      02/06/202504/09/2025Food Processing
CDNSUgly double bottom      04/07/202504/21/2025Computer Software and Svcs
CPBPipe top      03/03/202503/10/2025Food Processing
CLSPipe bottom      03/31/202504/07/2025Electronics
CENXUgly double bottom      04/09/202504/21/2025Metals and Mining (Div.)
CDAYUgly double bottom      04/07/202504/21/2025Information Services
CGNXDouble Bottom, Eve and Adam      04/09/202504/21/2025Precision Instrument
CXWPipe bottom      03/31/202504/07/2025Industrial Services
CSGPPipe bottom      03/31/202504/07/2025Information Services
DFSPipe bottom      03/31/202504/07/2025Financial Services
FFIVHead-and-shoulders bottom      03/13/202504/21/2025Internet
FICOPipe bottom      03/31/202504/07/2025IT Services
FISDouble Bottom, Adam and Eve      03/12/202504/09/2025Computer Software and Svcs
FTNTUgly double bottom      04/07/202504/22/2025Computer Software and Svcs
FNVPipe bottom      03/31/202504/07/2025Metals and Mining (Div.)
FDPDouble Bottom, Eve and Adam      03/25/202504/09/2025Food Processing
ITUgly double bottom      04/07/202504/21/2025IT Services
GESDouble Bottom, Adam and Eve      04/09/202504/16/2025Apparel
HSIIPipe top      03/03/202503/10/2025Human Resources
ILMNDouble Bottom, Eve and Adam      04/09/202504/21/2025Biotechnology
IIINPipe bottom      03/31/202504/07/2025Building Materials
MLMUgly double bottom      04/09/202504/21/2025Cement and Aggregates
MOSPipe bottom      03/31/202504/07/2025Chemical (Diversified)
NFLXPipe bottom      03/31/202504/07/2025Internet
NEUDouble Bottom, Adam and Adam      03/13/202504/08/2025Chemical (Specialty)
NWPXTriangle, ascending      04/02/202504/24/2025Building Materials
PANWUgly double bottom      04/07/202504/21/2025Computer Software and Svcs
PAYXPipe top      03/24/202503/31/2025IT Services
PETSScallop, descending      03/31/202504/24/2025Medical Services
SAICUgly double bottom      03/03/202503/21/2025IT Services
NOWUgly double bottom      04/07/202504/21/2025IT Services
SWXPipe bottom      03/31/202504/07/2025Natural Gas (Distributor)
UNHPipe top      04/07/202504/14/2025Medical Services
VEEVDouble Bottom, Eve and Adam      04/07/202504/21/2025Healthcare Information
WPMPipe bottom      03/31/202504/07/2025Metals and Mining (Div.)

 

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Thursday 4/24/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 2.5% or 407.63 points. Since 02/05/1971 the Nasdaq made 39 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.4% on 18 occasions.
     Average loss was -1.1% on 21 occasions.
Expect the Nasdaq to close lower 53.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 289/524 or 55.2% of the time.
     The prediction of the Nasdaq closing lower has been right 86/175 or 49.1% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

The green line is a trendline drawn along price bottoms (valleys). The index pierces the line and attempts a pullback to the trendline but doesn't quite make it.

Labeled in red is another chart pattern called a head-and-shoulders bottom. RS is the right shoulder and LS is the left. It confirms as a valid pattern when the index closes above the red line. That happens when the index gapped up at the open on Wednesday.

Now, it looks like it's attempting a throwback, which is similar to a pullback, except it happens on top of the pattern when price drops to the breakout price.

What does this mean? It suggests a bit more of a decline followed by a resumption of the upward move.

$ $ $

Here's a symbol list of 110 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AEIS, ANIK, APA, AAPL, AMAT, ADM, ARW, AVNT, BECN, BIO, BMRN, BA, BAH, BCO, BR, BBW, CALM, CLS, COR, CHKP, CGNX, CAG, GLW, COTY, CSGS, CW, XRAY, DFS, DSGR, EL, EXPI, EZPW, FAST, FLEX, FCX, GE, GPRO, HE, HUM, IDXX, ILMN, IBP, INTC, IPI, KFRC, KMB, KLIC, LZB, LEG, LMT, MTDR, MUR, NEU, OLN, OMCL, ON, PATK, PCG, PPL, QTWO, RL, ROK, ROL, RES, R, SBH, SAIC, SRE, STR, SCCO, TPR, TECH, TEVA, TKR, TOL, TRV, UNH, VFC, WSO, WERN, WSM, IYC, IEZ, QTEC, FXI, ICF, ILF, SOXX, EWK, EWZ, ECH, EEM, EWQ, EWG, EWH, EWJ, EWM, EWW, EWS, EWY, EWU, IBB, PBE, GLD. 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), Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  13,093.97    
 Monthly S1  14,901.01  1,807.04   
 Weekly S2  15,566.93  665.92   
 Weekly S1  16,137.49  570.56   
 Daily S2  16,406.32  268.83   
 Daily S1  16,557.19  150.86   
 Monthly Pivot  16,591.07  33.88   Yes! The Monthly Pivot is close to the Daily S1.
 Weekly Pivot  16,637.02  45.95   
 Low  16,642.66  5.64   Yes! The Low is close to the Weekly Pivot.
 Close  16,708.05  65.39   
 61.8% Down from Intraday High  16,790.57  82.52   
 Daily Pivot  16,793.52  2.95   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  16,836.26  42.74   
 Open  16,880.29  44.03   
 38.2% Down from Intraday High  16,881.95  1.66   Yes! The 38.2% Down from Intraday High is close to the Open.
 Daily R1  16,944.39  62.44   
 High  17,029.86  85.47   
 Daily R2  17,180.72  150.86   
 Weekly R1  17,207.58  26.86   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  17,707.11  499.53   
 Monthly R1  18,398.11  691.00   
 Monthly R2  20,088.17  1,690.06   

Wednesday 4/23/25. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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.

Lots of green (bullish) signals appear on the far right of the chart. The large daily swings have pushed the CPI from neutral to bullish and back again regularly. Neutral is a white bar. If you look closely, there are four neutral and three bullish bars in the last week or so.

The current reading, as I post this, is 98.1 with 100 being the max and 0 is the min.

The inset on the far left of the chart shows the indicator line.

Usually I'd say that the CPI can't rise much farther (meaning, it can drop a lot), but the index can rise. It could peg the CPI at scale top and the index could return to old highs. All of this depends on the politicians.

My guess is that we'll see the CPI fall along with the index.

$ $ $

Here's a symbol list of 150 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ALRM, ALL, AXP, AIG, AME, AON, ADM, AWI, AIZ, ATO, ADP, AXS, BCPC, BAH, BRC, BCO, BG, CDNS, CALM, CE, CI, CINF, CTAS, CSCO, CLX, CNA, CNO, CTSH, CL, CSGP, CR, CRH, FANG, DSGR, ^DJI, DOV, DTE, BOOM, EXP, ECL, EME, EMR, EG, XOM, FFIV, FDS, FDP, GL, THG, HLIT, HIG, HL, HD, HWM, HUM, ITW, IBP, IIIN, PODD, TILE, IPI, INTU, KMB, LNC, LMT, L, LPLA, MRCY, NEE, JWN, NWPX, NOVT, NTNX, OMCL, ASGN, OTEX, PKG, PATK, PCG, POR, PRU, DGX, ROP, R, ^GSPC, SEE, SEIC, SIGI, SMTC, SCI, SLGN, STR, SCS, SRDX, TXT, TREX, UHAL, UIS, UNH, UNM, VMI, VRSN, VRTX, VMC, WAT, WWW, IYM, IDU, DDM, FDN, IYZ, IGV, ILF, IGE, IYF, EWA, EWK, ECH, EEM, EWH, EIS, EWI, EWJ, EPP, EWS, EWD, THD, EWU, PEJ, PHO, SSO, XLP, XLF, GLD, XLI, XLB, SPY, UNG, USO, VIS, VAW. 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), Foresight (#Ad)

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Tuesday 4/22/25. Slider Trading Quiz!

The Dow dropped by -2.5% or -971.82 points. Since 10/01/1928 the Dow made 42 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.3% on 25 occasions.
     Average loss was -2.4% on 17 occasions.
Expect the Dow to close higher 59.5% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 305/561 or 54.4% of the time.
     The prediction of the Dow closing lower has been right 59/123 or 48.0% of the time.

$ $ $

I show another slider trading quiz featuring Tuesday Morning: TUES stock.

$ $ $

Here's a symbol list of 335 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACIW, ADTN, AEIS, AMD, AKAM, ALRM, ALK, ALL, AMZN, AEP, AXP, AIG, AME, AMGN, APH, APOG, AAPL, AMAT, ATR, ACGL, ADM, ANET, AWI, ARW, AIZ, ADSK, AVA, BMI, BIO, BA, BKNG, BSX, BFH, BMY, BRKR, BBW, CBT, CDNS, CAL, CLS, CX, COR, CNC, CDAY, CIEN, CSCO, CLF, CNO, CNX, CXW, GLW, CSGP, CR, CRH, CSGS, CTS, CMI, CW, DDS, DFS, ^DJI, DOV, DUK, EXP, EBAY, ELV, EME, EMR, EQT, EXC, EXPI, EZPW, FFIV, FDS, FICO, FARO, FIS, FLEX, FLS, FORM, FTNT, FTV, FNV, FCX, GAP, IT, GD, GE, GPN, GS, GGG, GFF, HLIT, HQY, HL, HWM, IEX, ITW, NSP, IIIN, ITGR, INTC, IBKR, IPI, INTU, ISRG, IRM, KALU, KEYS, KMB, KLAC, KLIC, LZB, LH, LRCX, LAMR, LEG, LDOS, LNC, RAMP, LPLA, LXU, MTSI, MANH, MTRN, MDT, META, MU, MSFT, MCO, MS, MOS, MLI, MYGN, ^IXIC, NFG, NFLX, NTGR, NTAP, JWN, NOVT, NTNX, NVDA, OGE, OLN, OTEX, ORCL, OUT, OMI, PKG, PANW, PKE, PATK, PAYX, PCTY, PYPL, PEN, PLXS, PFG, PGR, PEG, PSTG, QTWO, QCOM, RL, RMBS, RJF, RTX, RGS, ROK, ROG, R, ^GSPC, SAIA, CRM, SCHW, SEE, SEIC, SMTC, NOW, SHOP, SLGN, SKYW, SGI, SWX, SPSC, SXI, SSYS, SNPS, TGT, TDOC, TDY, TXT, TTD, TKR, TSCO, TDG, TRV, TZOO, TG, TREX, TWLO, UNH, UNM, VMI, VECO, V, WRB, WSO, WLK, WPM, WSC, WWD, WDAY, ITA, IAI, IYC, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IYH, IHF, IAT, IYZ, IEV, IGV, MXI, IXN, SOXX, SLV, IYF, EWA, EWO, EWK, EWC, EWQ, EWG, EIS, EWI, EWJ, EWM, EPP, EZA, EWY, EWP, EWD, EWL, EWT, THD, QLD, PPA, PEJ, SSO, ROBO, XLY, XLF, GLD, XLI, SPY, XAR, XLK, UNG, SMH, VIS, 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 Dow industrials, 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), Foresight (#Ad)

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  32,991.29    
 Monthly S1  35,580.85  2,589.56   
 Daily S2  37,226.99  1,646.14   
 Weekly S2  37,463.10  236.11   
 Daily S1  37,698.70  235.60   
 Weekly S1  37,816.75  118.05   
 Low  37,830.66  13.91   Yes! The Low is close to the Weekly S1.
 Close  38,170.41  339.75   
 61.8% Down from Intraday High  38,241.46  71.05   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  38,302.37  60.91   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  38,368.35  65.98   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  38,495.25  126.89   
 Daily R1  38,774.08  278.83   
 Open  38,906.04  131.96   
 High  38,906.04  0.00   Yes! The High is close to the Open.
 Monthly Pivot  39,201.34  295.30   
 Weekly Pivot  39,303.96  102.63   Yes! The Weekly Pivot is close to the Monthly Pivot.
 Daily R2  39,377.75  73.79   Yes! The Daily R2 is close to the Weekly Pivot.
 Weekly R1  39,657.63  279.88   
 Weekly R2  41,144.84  1,487.21   
 Monthly R1  41,790.90  646.06   
 Monthly R2  45,411.39  3,620.49   

Tuesday 4/22/25. Slider Trading Quiz!

The Dow dropped by -2.5% or -971.82 points. Since 10/01/1928 the Dow made 42 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.3% on 25 occasions.
     Average loss was -2.4% on 17 occasions.
Expect the Dow to close higher 59.5% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 305/561 or 54.4% of the time.
     The prediction of the Dow closing lower has been right 59/123 or 48.0% of the time.

$ $ $

I show another slider trading quiz featuring Tuesday Morning: TUES stock.

$ $ $

Here's a symbol list of 335 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACIW, ADTN, AEIS, AMD, AKAM, ALRM, ALK, ALL, AMZN, AEP, AXP, AIG, AME, AMGN, APH, APOG, AAPL, AMAT, ATR, ACGL, ADM, ANET, AWI, ARW, AIZ, ADSK, AVA, BMI, BIO, BA, BKNG, BSX, BFH, BMY, BRKR, BBW, CBT, CDNS, CAL, CLS, CX, COR, CNC, CDAY, CIEN, CSCO, CLF, CNO, CNX, CXW, GLW, CSGP, CR, CRH, CSGS, CTS, CMI, CW, DDS, DFS, ^DJI, DOV, DUK, EXP, EBAY, ELV, EME, EMR, EQT, EXC, EXPI, EZPW, FFIV, FDS, FICO, FARO, FIS, FLEX, FLS, FORM, FTNT, FTV, FNV, FCX, GAP, IT, GD, GE, GPN, GS, GGG, GFF, HLIT, HQY, HL, HWM, IEX, ITW, NSP, IIIN, ITGR, INTC, IBKR, IPI, INTU, ISRG, IRM, KALU, KEYS, KMB, KLAC, KLIC, LZB, LH, LRCX, LAMR, LEG, LDOS, LNC, RAMP, LPLA, LXU, MTSI, MANH, MTRN, MDT, META, MU, MSFT, MCO, MS, MOS, MLI, MYGN, ^IXIC, NFG, NFLX, NTGR, NTAP, JWN, NOVT, NTNX, NVDA, OGE, OLN, OTEX, ORCL, OUT, OMI, PKG, PANW, PKE, PATK, PAYX, PCTY, PYPL, PEN, PLXS, PFG, PGR, PEG, PSTG, QTWO, QCOM, RL, RMBS, RJF, RTX, RGS, ROK, ROG, R, ^GSPC, SAIA, CRM, SCHW, SEE, SEIC, SMTC, NOW, SHOP, SLGN, SKYW, SGI, SWX, SPSC, SXI, SSYS, SNPS, TGT, TDOC, TDY, TXT, TTD, TKR, TSCO, TDG, TRV, TZOO, TG, TREX, TWLO, UNH, UNM, VMI, VECO, V, WRB, WSO, WLK, WPM, WSC, WWD, WDAY, ITA, IAI, IYC, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IYH, IHF, IAT, IYZ, IEV, IGV, MXI, IXN, SOXX, SLV, IYF, EWA, EWO, EWK, EWC, EWQ, EWG, EIS, EWI, EWJ, EWM, EPP, EZA, EWY, EWP, EWD, EWL, EWT, THD, QLD, PPA, PEJ, SSO, ROBO, XLY, XLF, GLD, XLI, SPY, XAR, XLK, UNG, SMH, VIS, 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 Dow industrials, 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), Foresight (#Ad)

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  32,991.29    
 Monthly S1  35,580.85  2,589.56   
 Daily S2  37,226.99  1,646.14   
 Weekly S2  37,463.10  236.11   
 Daily S1  37,698.70  235.60   
 Weekly S1  37,816.75  118.05   
 Low  37,830.66  13.91   Yes! The Low is close to the Weekly S1.
 Close  38,170.41  339.75   
 61.8% Down from Intraday High  38,241.46  71.05   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  38,302.37  60.91   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  38,368.35  65.98   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  38,495.25  126.89   
 Daily R1  38,774.08  278.83   
 Open  38,906.04  131.96   
 High  38,906.04  0.00   Yes! The High is close to the Open.
 Monthly Pivot  39,201.34  295.30   
 Weekly Pivot  39,303.96  102.63   Yes! The Weekly Pivot is close to the Monthly Pivot.
 Daily R2  39,377.75  73.79   Yes! The Daily R2 is close to the Weekly Pivot.
 Weekly R1  39,657.63  279.88   
 Weekly R2  41,144.84  1,487.21   
 Monthly R1  41,790.90  646.06   
 Monthly R2  45,411.39  3,620.49   

Monday 4/21/25. Market Monday: The Week Ahead

My Prediction

Picture of the S and P on the daily scale.

Two patterns I want to highlight today. The first is ABC. It's a triple bottom, but not a good example. Valley C is below the other two when all three should be about equal. I blame politics. Smiley

It confirms as a valid chart pattern when the index closes above the highest peak between the three bottoms. That happens but the index doesn't rise far, to D.

The second pattern is DEFG. It's called a measured move down. The thinking behind the pattern is that leg FG will mirror the extent and time of leg DE. In this case, the second leg (FG) is longer than DE and it took only a few days to bottom.

The beauty of this pattern is not the DEFG move, but what happens next. In many cases, the index (stock really) will return to the corrective phase, which is EF. Fully 77% of the patterns I looked at see price rise to that level (EF).

In this example, the large white bar almost touches the price of E.

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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.

Monday: Up 312.08 points.
Tuesday: Down 155.83 points.
Wednesday: Down 699.57 points.
Thursday: Down 527.16 points.
Friday: Holiday or other weird event!

For the Week...

The Dow industrials were down 1070.48 points or 2.7%.
The Nasdaq composite was down 438.01 points or 2.6%.
The S&P 500 index was down 80.66 points or 1.5%.

Year to Date...

Dow Industrials
     13.1% down from the high of 45,054.36 on 01/31/2025.
     6.9% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     19.0% down from the high of 20,118.61 on 01/24/2025.
     10.2% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     14.1% down from the high of 6,147.43 on 02/19/2025.
     9.3% up from the low of 4,835.04 on 04/07/2025.

Options Expiration

No options expire this week.

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  38,484  38,813  39,279  39,608  40,075 
Weekly  37,787  38,465  39,628  40,306  41,469 
Monthly  33,315  36,229  39,525  42,439  45,735 
S&P500 (^GSPC): Daily  5,216  5,249  5,289  5,322  5,362 
Weekly  5,082  5,183  5,321  5,421  5,560 
Monthly  4,350  4,816  5,302  5,768  6,253 
Nasdaq (^IXIC): Daily  16,065  16,176  16,292  16,403  16,519 
Weekly  15,426  15,856  16,496  16,927  17,567 
Monthly  12,953  14,620  16,451  18,117  19,948 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season is either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 199 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, AEIS, ALK, AMZN, AXP, AIG, AME, APH, APOG, AMAT, ACGL, ADM, ANET, AWI, ARW, ADSK, BMI, BIO, BA, BKNG, BSX, BFH, BRKR, BBW, CDNS, CLS, CX, CNC, CDAY, CIEN, CLF, CNO, CNX, CXW, GLW, CSGP, CR, CRH, CSGS, CTS, CW, DDS, DFS, DOV, DUK, ELV, EME, EMR, EQT, FFIV, FICO, FARO, FLEX, FLS, FORM, FTNT, FNV, FCX, GAP, IT, GD, GE, GS, GOOGL, GFF, HLIT, HQY, HL, HWM, IIIN, PODD, ITGR, IBKR, IPI, INTU, ISRG, IRM, KALU, KEYS, KLAC, KLIC, LZB, LRCX, LAMR, RAMP, LPLA, MTSI, MANH, MTRN, MU, MCO, MS, MOS, MLI, ^IXIC, NFG, NFLX, NTGR, NTAP, JWN, NOVT, NTNX, NVDA, OLN, OTEX, OUT, PKG, PANW, PKE, PATK, PCTY, PYPL, PEN, PLXS, PGR, PEG, PSTG, QTWO, QCOM, RL, RMBS, RJF, RTX, ROK, R, SAIA, SCHW, SEE, SEIC, NOW, SHOP, SKYW, SGI, SWX, SPSC, SSYS, SNPS, TDY, TXT, TTD, TDG, TZOO, TG, TREX, TWLO, UNM, VMI, VECO, V, WSO, WLK, WPM, WWD, WDAY, ITA, IAI, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IAT, IEV, IGV, MXI, IXN, SOXX, SLV, IYF, EWA, EWO, EWK, EWC, EWG, EIS, EWJ, EZA, EWY, EWP, EWD, EWL, THD, QLD, PPA, PEJ, SSO, ROBO, XLF, XLI, SPY, XAR, XLK, SMH, VIS, 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.

This WeekLast Week
1. Short ETFs1. Internet
2. Internet2. Short ETFs
3. Natural Gas (Diversified)3. Electric Utility (Central)
4. Electric Utility (Central)4. Natural Gas (Diversified)
5. Metals and Mining (Div.)5. Metals and Mining (Div.)
6. Natural Gas (Distributor)6. Financial Services
7. Financial Services7. Securities Brokerage
8. Insurance (Diversified)8. Insurance (Diversified)
9. Retail Store9. Natural Gas (Distributor)
10. Insurance (Prop/Casualty)10. Insurance (Prop/Casualty)
Best Performing AboveWorst Performing Below
50. Biotechnology50. Computers and Peripherals
51. Computers and Peripherals51. Trucking/Transp. Leasing
52. Trucking/Transp. Leasing52. Biotechnology
53. Semiconductor53. Semiconductor
54. Human Resources54. Petroleum (Producing)
55. Toiletries/Cosmetics55. Advertising
56. Chemical (Basic)56. Chemical (Basic)
57. Oilfield Svcs/Equipment57. Toiletries/Cosmetics
58. Advertising58. Shoe
59. Shoe59. Homebuilding
60. Homebuilding60. Oilfield Svcs/Equipment

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

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Thursday 4/17/25. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -3.1% or -516.01 points. Since 02/05/1971 the Nasdaq made 17 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 2.4% on 7 occasions.
     Average loss was -1.8% on 10 occasions.
Expect the Nasdaq to close lower 58.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 289/524 or 55.2% of the time.
     The prediction of the Nasdaq closing lower has been right 85/174 or 48.9% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

There's not a lot going on except for unusually tall swings (daily chart really). I'm sure you've noticed.

AB might look like a double top. It has twin peaks (AB) near the same price but it's not a double top. Why?

Answer: because it's unconfirmed. What's that mean? Price has to close below line C, which is a horizontal line I drew connecting the lowest valley between the two peaks.

Compare ABC to DEF. DE are two peaks near the same price. The horizontal line ending above F is the confirmation price. At F, the index closes below the line and confirms the pattern as a true double top. In this case, however, the decline stops at F and rebounds to A. Yes, not all patterns work as we hope or expect.

It's possible that the index will close below C and confirm the double top in the coming day(s). I think that's likely but it's just a guess. Who can tell how politics will throw around price tomorrow?

$ $ $

Here's a symbol list of 321 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ANF, ACIW, AYI, ADTN, AEIS, AMD, AES, ALK, ALGT, AMZN, AXP, AIG, AMWD, AME, APH, AON, APOG, AMAT, ACGL, ADM, ANET, AWI, ARW, ASH, ADSK, ADP, BMI, BCPC, BECN, BIO, BKH, BA, BKNG, BOOT, BSX, BFH, BRKR, BBW, CBT, CDNS, CPB, CLS, CX, CNC, CDAY, CF, CIEN, CSCO, CLF, CNO, CNX, CXW, GLW, CSGP, COTY, CR, CRH, CSGS, CTS, CMI, CW, DDS, DFS, DSGR, ^DJT, ^DJI, DOV, DUK, EMN, ELV, EME, EMR, EPAM, EQT, EXC, EXPI, EZPW, FFIV, FICO, FARO, FLEX, FLS, FORM, FTNT, FNV, FCX, GAP, IT, GD, GE, GIS, GFS, GMS, GS, GOOGL, GGG, GFF, GES, HLIT, HQY, HL, HWM, HUBG, JBHT, HUN, IEX, ILMN, IBP, IIIN, PODD, ITGR, INTC, IBKR, TILE, IPI, INTU, ISRG, IRM, KALU, KBH, KEYS, KLAC, KLIC, LHX, LZB, LRCX, LAMR, LANC, RAMP, LPLA, MTSI, MANH, MTRN, MTRX, META, MGEE, MU, MSFT, MCO, MS, MOS, MLI, ^IXIC, NFG, NFLX, NTGR, NTAP, NEU, NKE, NI, JWN, NWPX, NOVT, NTNX, NVDA, ORI, OLN, ON, OTEX, ORCL, OUT, PKG, PANW, PKE, PATK, PCTY, PYPL, PEN, PFE, PCG, PNW, PLXS, PGR, PRU, PEG, PSTG, QTWO, QCOM, RL, RMBS, RJF, RTX, ROK, ROG, R, ^GSPC, SAIA, CRM, SCHW, SEE, SEIC, SMTC, SCI, NOW, SHOP, STR, SKYW, SGI, SO, LUV, SWX, SPSC, SXI, SSYS, SNPS, TPR, TDOC, TDY, TDC, TER, TXN, TXT, TTD, TDG, TZOO, TG, TREX, TWLO, UNM, VMI, VECO, VRTX, V, WSO, WERN, WLK, WPM, WSM, WSC, WWD, WDAY, ITA, IYM, IAI, IYC, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, ICF, IAT, IEV, IGV, MXI, IXN, SOXX, SLV, IYF, EWA, EWO, EWK, EWC, EWQ, EWG, EIS, EWJ, EWS, EZA, EWY, EWP, EWD, EWL, THD, TUR, EWU, QLD, PPA, DBA, PEJ, SSO, ROBO, XLY, XLF, GLD, XLV, XLI, XRT, SPY, XAR, XLK, SMH, VHT, VIS, 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), Foresight (#Ad)

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  12,960.34    
 Weekly S2  13,679.13  718.79   
 Monthly S1  14,633.75  954.62   
 Weekly S1  14,993.15  359.40   
 Daily S2  15,790.76  797.61   
 Daily S1  16,048.96  258.20   
 Low  16,066.46  17.50   Yes! The Low is close to the Daily S1.
 Weekly Pivot  16,098.04  31.58   Yes! The Weekly Pivot is close to the Low.
 61.8% Down from Intraday High  16,270.41  172.37   
 Close  16,307.16  36.75   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  16,324.66  17.50   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  16,333.41  8.75   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  16,396.41  63.00   
 Monthly Pivot  16,457.44  61.03   
 Open  16,499.69  42.25   Yes! The Open is close to the Monthly Pivot.
 Daily R1  16,582.86  83.17   
 High  16,600.36  17.50   Yes! The High is close to the Daily R1.
 Daily R2  16,858.56  258.20   
 Weekly R1  17,412.06  553.50   
 Monthly R1  18,130.85  718.79   
 Weekly R2  18,516.95  386.10   
 Monthly R2  19,954.54  1,437.59   

Wednesday 4/16/25. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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.

The most recent signal is bullish, as the short green bar on the far right of the chart attests. That signal change happened because of the large move up in the index.

The inset on the far left of the chart, shows the same scenario, only from the view of the indicator.

The last few days, the CPI has weakened. My guess is that yes, we'll see market weakness. When you see a CPI peak, the indicator makes a substantial move down. However, there is not always a big move down in the index. Fortunately, you are given a warning of the downturn. So that helps.

$ $ $

Here's a symbol list of 308 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ANF, ACIW, AYI, ADTN, AEIS, AMD, ALK, AMZN, AEO, AXP, AIG, AMWD, AME, APH, AON, APOG, AMAT, ARCB, ACGL, ADM, ANET, AWI, ARW, ADSK, ADP, BMI, BECN, BIO, BKH, BA, BKNG, BOOT, BSX, BFH, BRKR, BBW, CBT, CDNS, CAL, CPB, CLS, CX, CNC, CDAY, CIEN, CSCO, CLF, CNO, CNX, CXW, GLW, CSGP, COTY, CR, CRH, CSGS, CTS, CMI, CW, DECK, DDS, DFS, DSGR, ^DJT, ^DJI, DOV, DUK, EMN, ELV, EME, EMR, EPAM, EFX, EQT, EG, EVH, EXPI, EZPW, FFIV, FICO, FARO, FLEX, FLS, FORM, FTNT, FNV, FCX, GAP, IT, GD, GE, GIS, GFS, GMS, GS, GOOGL, GGG, GFF, GES, HLIT, HIG, HQY, HL, HSII, HON, HWM, JBHT, HUN, IEX, ILMN, IBP, IIIN, PODD, ITGR, IPAR, IBKR, TILE, IPI, INTU, ISRG, IRM, KALU, KEYS, KLAC, KSS, KLIC, LHX, LZB, LRCX, LAMR, LANC, RAMP, LPLA, MTSI, MANH, MTRN, MDT, META, MU, MSFT, MCO, MS, MOS, MLI, ^IXIC, NFG, NFLX, NTGR, NTAP, NKE, JWN, NWPX, NOVT, NTNX, NVDA, OLN, ON, OTEX, ORCL, OUT, OMI, PKG, PANW, PKE, PATK, PCTY, PYPL, PEN, PCG, PNW, PLXS, PG, PGR, PRU, PEG, PSTG, QTWO, QCOM, RL, RMBS, RJF, RTX, RHI, ROK, R, ^GSPC, SAIA, CRM, SBH, SCHW, SEE, SEIC, SCI, NOW, SHOP, SKYW, SGI, SWX, SPSC, SXI, SSYS, SNPS, TPR, TECH, TDOC, TDY, TDC, TER, TXT, TTD, TDG, TZOO, TG, TREX, TWLO, UNM, VMI, VECO, MDRX, V, WRB, WSO, WERN, WLK, WPM, WSM, WSC, WWD, WDAY, ITA, IYM, IAI, IYC, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IYH, IAT, IEV, IGV, MXI, IXN, SOXX, SLV, IYF, IHI, EWA, EWO, EWK, EWC, EWG, EIS, EWI, EWJ, EWS, EZA, EWY, EWP, EWD, EWL, THD, EWU, QLD, PPA, PEJ, SSO, ROBO, XLY, XLF, XLV, XLI, XRT, SPY, XAR, XLK, SMH, VHT, VIS, 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.

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

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Tuesday 4/15/25. Slider Trading Quiz!

The Dow climbed by 0.8% or 312.08 points. Since 10/01/1928 the Dow made 616 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 340 occasions.
     Average loss was -0.6% on 276 occasions.
Expect the Dow to close higher 55.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 305/560 or 54.5% of the time.
     The prediction of the Dow closing lower has been right 59/123 or 48.0% of the time.

$ $ $

I show another slider trading quiz featuring TXU stock.

$ $ $

Here's a symbol list of 91 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, ACIW, ADBE, ALGT, ALL, AFG, AME, AWI, ASH, AVY, AVNT, BCPC, BALL, BKH, BBW, CF, CLNE, CAG, DECK, ^DJI, DOV, BOOM, ECL, ELV, EQT, EL, EVH, FDS, FISV, FMC, HE, HON, DHI, HUM, ITW, INTU, KMT, L, M, MA, META, OMC, ASGN, OTEX, OR, OXM, PKG, PAYX, PCG, PG, QTWO, RGA, RLI, ^GSPC, SEIC, SIGI, SHW, SLGN, LUV, TXT, TOL, UHAL, UIS, UNM, VECO, V, WRB, WSM, WSC, IAI, IDU, DDM, FXI, ICF, ILF, IYF, ITB, EWZ, EEM, EWH, EZA, EWD, EWU, PHO, SSO, XLF, XLI, UNG, VIS. 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 Dow industrials, 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), Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  33,724.85    
 Weekly S2  35,138.17  1,413.32   
 Monthly S1  37,124.82  1,986.65   
 Weekly S1  37,831.48  706.66   
 Weekly Pivot  39,305.09  1,473.61   
 Daily S2  39,868.10  563.01   
 Monthly Pivot  40,011.75  143.65   
 Low  40,159.02  147.27   
 Daily S1  40,196.45  37.43   Yes! The Daily S1 is close to the Low.
 61.8% Down from Intraday High  40,395.58  199.14   
 50% Down from Intraday High  40,468.66  73.07   
 Daily Pivot  40,487.37  18.71   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  40,524.79  37.42   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  40,541.73  16.94   Yes! The 38.2% Down from Intraday High is close to the Close.
 Open  40,546.15  4.42   Yes! The Open is close to the 38.2% Down from Intraday High.
 High  40,778.29  232.14   
 Daily R1  40,815.71  37.43   Yes! The Daily R1 is close to the High.
 Daily R2  41,106.64  290.92   
 Weekly R1  41,998.40  891.76   
 Monthly R1  43,411.72  1,413.32   
 Weekly R2  43,472.01  60.29   Yes! The Weekly R2 is close to the Monthly R1.
 Monthly R2  46,298.65  2,826.64   

Monday 4/14/25. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

I show a picture of the Nasdaq on the daily scale.

At B, the top of the chart, we see a triple top chart pattern. At C, when the index closes below the green line, the triple top confirms as a valid chart pattern.

What's that mean?

It means the index is going down (but not how far or for how long).

As you can see, the drop to D was breathtaking.

D was the low and I expect to see a second bottom form, E. Note that I expect E to bottom above D. It might or might not follow arc A (I don't expect it to). Timing? My guess is this will take 3 months, about the time the tariffs come into focus again.

All of this is a guess, of course.

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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.

Monday: Down 349.26 points.
Tuesday: Down 320.01 points.
Wednesday: Up 2962.86 points.
Thursday: Down 1014.79 points.
Friday: Up 619.05 points.

For the Week...

The Dow industrials were up 1897.85 points or 5.0%.
The Nasdaq composite was up 1136.67 points or 7.3%.
The S&P 500 index was up 289.28 points or 5.7%.

Year to Date...

Dow Industrials
     10.7% down from the high of 45,054.36 on 01/31/2025.
     9.8% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     16.9% down from the high of 20,118.61 on 01/24/2025.
     13.1% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     12.8% down from the high of 6,147.43 on 02/19/2025.
     10.9% up from the low of 4,835.04 on 04/07/2025.

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  38,808  39,511  39,957  40,660  41,106 
Weekly  35,034  37,623  39,201  41,790  43,368 
Monthly  33,621  36,917  39,908  43,204  46,195 
S&P500 (^GSPC): Daily  5,161  5,262  5,322  5,423  5,483 
Weekly  4,580  4,972  5,227  5,618  5,873 
Monthly  4,377  4,870  5,328  5,822  6,280 
Nasdaq (^IXIC): Daily  16,043  16,384  16,569  16,909  17,094 
Weekly  13,818  15,271  16,237  17,690  18,656 
Monthly  13,099  14,912  16,597  18,409  20,094 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season will be starting in about 2 days.

Here's a symbol list of 60 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AFL, AFG, ACGL, ADSK, ADP, BZH, BCO, CDNS, CNC, CSGP, CCK, DDS, EXP, FFIV, FTNT, FNV, GFF, HIG, HL, HWM, IRM, KLAC, L, LPLA, LXU, MSFT, MS, MLI, ^IXIC, OTEX, OR, OMI, PAYX, PCG, RJF, RLI, RGLD, SAND, SCHW, SIGI, SHW, SRDX, TDG, VRSN, VMC, WRB, WPM, FTEC, QQQ, IXN, SLV, THD, QLD, GLD, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Internet1. Short ETFs
2. Short ETFs2. Internet
3. Electric Utility (Central)3. Natural Gas (Diversified)
4. Natural Gas (Diversified)4. Electric Utility (Central)
5. Metals and Mining (Div.)5. Insurance (Diversified)
6. Financial Services6. Natural Gas (Distributor)
7. Securities Brokerage7. Financial Services
8. Insurance (Diversified)8. Securities Brokerage
9. Natural Gas (Distributor)9. Insurance (Prop/Casualty)
10. Insurance (Prop/Casualty)10. Household Products
Best Performing AboveWorst Performing Below
50. Computers and Peripherals50. Trucking/Transp. Leasing
51. Trucking/Transp. Leasing51. Computers and Peripherals
52. Biotechnology52. Petroleum (Producing)
53. Semiconductor53. Toiletries/Cosmetics
54. Petroleum (Producing)54. Semiconductor Cap Equip.
55. Advertising55. Semiconductor
56. Chemical (Basic)56. Chemical (Basic)
57. Toiletries/Cosmetics57. Advertising
58. Shoe58. Shoe
59. Homebuilding59. Homebuilding
60. Oilfield Svcs/Equipment60. Oilfield Svcs/Equipment

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

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Friday 4/11/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 36 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AEP, AFG, ADM, ATO, BKH, CRL, CXW, EZPW, FICO, GD, IIIN, LMT, L, MRCY, JWN, NOC, OR, OMI, PAYX, PPL, PG, PGR, RLI, ROL, SAND, SAIC, SIGI, SRDX, VRSN, WRB, IYK, XLP, GLD. 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.

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ABMDouble Top, Eve and Adam      02/26/202503/07/2025Industrial Services
AMDDouble Top, Eve and Eve      02/20/202503/26/2025Semiconductor
AKAMPipe top      03/03/202503/10/2025E-Commerce
ALLHead-and-shoulders top      03/17/202503/26/2025Insurance (Prop/Casualty)
AMGNDouble Top, Adam and Adam      03/31/202504/03/2025Biotechnology
APHHead-and-shoulders top      03/19/202504/02/2025Electronics
ARDouble Top, Adam and Adam      03/26/202504/02/2025Natural Gas (Diversified)
ADMHead-and-shoulders top      02/24/202503/17/2025Food Processing
ARWDouble Top, Adam and Adam      03/10/202503/19/2025Electronics
BIIBPipe top      03/03/202503/10/2025Biotechnology
BKHTriple top      03/04/202504/03/2025Electric Utility (West)
BRDouble Top, Eve and Adam      03/03/202504/02/2025Information Services
BGDouble Top, Adam and Eve      03/10/202504/03/2025Food Processing
CACIUgly double bottom      02/21/202503/21/2025IT Services
CLSPipe top      03/17/202503/24/2025Electronics
CXDouble Top, Eve and Adam      03/06/202503/25/2025Cement and Aggregates
CFDouble Top, Adam and Adam      03/03/202504/03/2025Chemical (Basic)
CRLDead-cat bounce      04/10/202504/10/2025Biotechnology
CINFTriple top      03/03/202503/28/2025Insurance (Prop/Casualty)
CNATriple top      12/05/202403/28/2025Insurance (Prop/Casualty)
GLWPipe top      03/17/202503/24/2025Telecom. Equipment
CCKUgly double bottom      01/10/202502/05/2025Packaging and Container
DVNTriple top      01/15/202504/02/2025Natural Gas (Diversified)
DDouble Top, Adam and Adam      03/10/202504/03/2025Electric Utility (East)
EIXDouble Top, Eve and Adam      03/17/202504/03/2025Electric Utility (West)
EQTDouble Top, Adam and Adam      03/26/202504/02/2025Natural Gas (Diversified)
EXPDPipe top      03/03/202503/10/2025Air Transport
FAROPipe top      02/24/202503/03/2025Precision Instrument
FLEXPipe top      03/17/202503/24/2025Electronics
FORMDouble Top, Eve and Eve      03/10/202503/19/2025Semiconductor
GAPTriangle, symmetrical      02/18/202504/02/2025Apparel
GDDouble Top, Adam and Adam      03/10/202504/03/2025Aerospace/Defense
GISPipe top      03/03/202503/10/2025Food Processing
GGGDouble Top, Eve and Adam      02/21/202503/10/2025Machinery
GFFDouble Top, Eve and Adam      03/25/202504/02/2025Building Materials
HLITDouble Top, Eve and Eve      02/19/202503/05/2025Telecom. Equipment
HONThree Falling Peaks      03/10/202504/02/2025Aerospace/Defense
HWMTriple top      02/19/202503/26/2025Aerospace/Defense
HUMTriple bottom      02/11/202504/07/2025Medical Services
HURCDouble Top, Eve and Adam      11/29/202402/13/2025Machinery
INCYDouble Top, Eve and Eve      03/24/202504/04/2025Drug
IBPTriple top      03/10/202504/07/2025Retail Building Supply
INTCDouble Top, Adam and Adam      02/18/202503/18/2025Semiconductor
ISRGDouble Top, Adam and Adam      03/12/202503/26/2025Medical Supplies
JKHYPipe top      03/03/202503/10/2025IT Services
LHXTriple top      03/19/202504/03/2025Aerospace/Defense
LMTDouble Bottom, Adam and Adam      03/24/202504/07/2025Aerospace/Defense
MURDouble Top, Eve and Eve      02/11/202504/02/2025Petroleum (Integrated)
NBRDead-cat bounce      04/04/202504/04/2025Oilfield Svcs/Equipment
NJRDouble Top, Adam and Adam      03/31/202504/03/2025Natural Gas (Distributor)
NTNXPipe top      02/24/202503/03/2025E-Commerce
OGEDouble Top, Eve and Adam      03/03/202504/03/2025Electric Utility (Central)
OLNTriangle, symmetrical      03/03/202503/31/2025Chemical (Basic)
OMIHorn top      03/03/202503/17/2025Medical Supplies
OXMDouble Top, Adam and Adam      03/10/202503/27/2025Apparel
PKGDouble Top, Adam and Adam      03/25/202504/02/2025Packaging and Container
PTENDead-cat bounce      04/03/202504/03/2025Oilfield Svcs/Equipment
PETSRectangle bottom      03/04/202504/01/2025Medical Services
PGRHead-and-shoulders top      03/04/202504/03/2025Insurance (Prop/Casualty)
PRUDouble Top, Adam and Adam      03/03/202503/26/2025Insurance (Life)
PEGDouble Top, Eve and Eve      03/24/202504/02/2025Electric Utility (East)
QCOMDouble Top, Adam and Eve      03/07/202503/25/2025Telecom. Equipment
DGXDouble Top, Adam and Adam      03/18/202504/03/2025Medical Services
RTXTriple top      03/03/202503/26/2025Aerospace/Defense
RGADouble Top, Adam and Adam      03/03/202503/26/2025Insurance (Life)
SLBDouble Top, Eve and Adam      02/18/202503/26/2025Oilfield Svcs/Equipment
SODouble Top, Adam and Adam      03/10/202504/04/2025Electric Utility (East)
SCCOPipe top      03/17/202503/24/2025Metals and Mining (Div.)
RIGDead-cat bounce      04/03/202504/03/2025Oilfield Svcs/Equipment
TRVDouble Top, Adam and Eve      03/18/202503/28/2025Insurance (Prop/Casualty)
UGIDouble Top, Eve and Adam      03/03/202504/01/2025Natural Gas (Distributor)
UNMDouble Top, Eve and Eve      02/27/202503/25/2025Insurance (Diversified)
VLODouble Top, Eve and Eve      11/19/202402/04/2025Petroleum (Integrated)
WATHead-and-shoulders top      12/11/202403/10/2025Precision Instrument
WSODouble Top, Adam and Adam      02/18/202503/10/2025Retail Building Supply
WUPipe top      03/03/202503/10/2025Financial Services
WMBDouble Top, Eve and Adam      03/25/202504/02/2025Natural Gas (Distributor)
WWWDouble Top, Eve and Adam      03/25/202504/02/2025Shoe
XELDouble Top, Eve and Adam      03/04/202504/04/2025Electric Utility (West)

 

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Thursday 4/10/25. Intraday Market Direction: Nasdaq

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

Valleys A and B form a pattern called a double bottom. It breaks out upward at C when price closes above the red line. It suggests that there's still room to climb (meaning price hasn't reached the target yet, which is slightly less than 18,000, eyeballing it, based on the pattern's height).

The AD move was tasty at about 1,500 points.

$ $ $

Special note: The CPI reading is bogus because with such large swings in the market, the CPI is having trouble finding patterns. I'm looking into it. Patternz says it's 0.

$ $ $

Here's a symbol list of 130 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ADTN, AEIS, AES, ALL, AEE, AFG, AIG, APH, ACGL, ANET, AVA, AXS, BZH, BKH, BKNG, BOOT, BRC, BFH, BRKR, BBW, CBT, CACI, CPB, CIEN, CTAS, CLNE, CNA, CL, CMTL, CAG, COTY, CR, CSGS, CTS, CW, DECK, DFS, DUK, EXP, EME, EOG, EQT, EVH, FFIV, FARO, FIS, FLEX, FNV, GME, GD, GES, HTLD, HL, HNI, HWM, IDA, NSP, IBP, PODD, ITGR, TILE, KALU, KEYS, LANC, RAMP, L, MHO, MANH, MRTN, MTRN, META, MS, NFLX, NOC, OMCL, OMC, OTEX, ORCL, OR, OMI, PAYX, PEN, PNW, PINC, KWR, RJF, RLI, ROST, RGLD, CRM, SAND, SIGI, SHOP, SKYW, SO, SPSC, SCS, SRDX, TPR, TJX, UNM, VRSN, WRB, WERN, WU, WPM, XEL, IYM, FXI, IAT, ILF, SLV, THD, TUR, PXJ, PHO, XLI, VIS. 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), Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  13,814.36    
 Daily S2  14,600.07  785.71   
 Weekly S2  14,664.88  64.81   Yes! The Weekly S2 is close to the Daily S2.
 Low  15,270.28  605.40   
 Open  15,295.44  25.16   Yes! The Open is close to the Low.
 Monthly S1  15,469.67  174.23   Yes! The Monthly S1 is close to the Open.
 Daily S1  15,862.52  392.85   
 Weekly S1  15,894.93  32.41   Yes! The Weekly S1 is close to the Daily S1.
 61.8% Down from Intraday High  16,008.56  113.63   Yes! The 61.8% Down from Intraday High is close to the Weekly S1.
 50% Down from Intraday High  16,236.61  228.05   
 38.2% Down from Intraday High  16,464.66  228.05   
 Daily Pivot  16,532.73  68.07   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Weekly Pivot  16,805.72  272.99   
 Close  17,124.97  319.25   
 High  17,202.94  77.97   Yes! The High is close to the Close.
 Monthly Pivot  17,230.98  28.04   Yes! The Monthly Pivot is close to the High.
 Daily R1  17,795.18  564.20   
 Weekly R1  18,035.77  240.59   
 Daily R2  18,465.39  429.63   
 Monthly R1  18,886.29  420.90   
 Weekly R2  18,946.56  60.28   Yes! The Weekly R2 is close to the Monthly R1.
 Monthly R2  20,647.60  1,701.04   

Wednesday 4/9/25. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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.

As you might expect, the CPI is bearish but it has a 0.0 reading. The scale for the indicator is 100 to 0. It can't get any lower but the indices can continue down.

The red bar on the far right of the chart shows the most recent signal change.

The inset, in the upper left of the chart, shows the CPI line. The good news is that the indicator can go nowhere else but up (or sideways, really).

$ $ $

Here's a symbol list of 234 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, AYI, AMD, AES, A, APD, ATSG, ALK, ALB, AA, ALKS, DOX, AMED, AEE, AEO, AFG, AMWD, ANIK, AR, APA, AAPL, ADM, ANET, ASH, AVNT, AZTA, BCPC, BALL, BAX, BECN, BZH, BERY, BBY, BIO, BMRN, BKNG, BOOT, BBW, CBT, CAL, CPB, CE, CNC, CENX, CDAY, CRL, CVX, CTAS, CSCO, CLNE, CNX, CGNX, CTSH, CL, CMCO, CAG, COP, COTY, CROX, CCRN, CCK, DHR, DECK, XRAY, DVN, FANG, DDS, ^DJI, D, DUK, EXP, EMN, EIX, EOG, EFX, EL, EVRG, EZPW, FAST, FDX, FIVN, FMC, FORM, FTNT, FTV, GAP, GPN, GFS, GL, GMS, HE, HTLD, HSIC, HSY, HNI, HOLX, HUBG, HUN, IDA, IDXX, ITW, ILMN, ITGR, INTC, IPG, IPI, INTU, JAZZ, JBLU, KSS, KLIC, LZB, LH, LANC, LEG, L, LXU, MHO, M, MGY, MLM, MRK, MLKN, MOS, MUR, MYGN, NBR, NOV, NKE, NOC, OMC, ON, OR, OUT, OMI, PKG, PATK, PTEN, PAYX, PFE, PCG, PPG, PINC, PFG, KWR, DGX, RL, RRC, REGN, RLI, RHI, ROK, ROG, R, SBH, SAND, SLB, SMG, SIGI, SMTC, SCI, SLGN, SKX, SGI, SO, LUV, SPSC, SXI, SCS, SRDX, TGT, TECH, TFX, TXN, TKR, TREX, UIS, UPS, UNH, VFC, VRSN, VC, WRB, WAT, WSO, WLK, WSM, WOLF, ZBRA, IYM, IYK, IEZ, IDU, FXI, IEV, IXC, MXI, ILF, ITB, EWA, EWZ, EEM, EWQ, EWG, EWI, EWM, EPP, EWS, EWY, EWP, EWU, IBB, PBE, PXJ, PJP, PHO, XLP, XHB, XLB, XRT, UNG, USO, VAW. 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), Foresight (#Ad)

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Tuesday 4/8/25. Slider Trading Quiz!

The Dow dropped by -0.9% or -349.26 points. Since 10/01/1928 the Dow made 448 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 219 occasions.
     Average loss was -0.9% on 229 occasions.
Expect the Dow to close lower 51.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 305/560 or 54.5% of the time.
     The prediction of the Dow closing lower has been right 58/122 or 47.5% of the time.

$ $ $

I show another slider trading quiz featuring Ugly double bottom tutorial.

$ $ $

Here's a symbol list of 127 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ADTN, AKAM, AEE, AFG, AIG, ACGL, AIZ, ADP, AVA, AXS, BIIB, BKNG, BRC, BFH, BR, BG, CPB, COR, CHD, CINF, CLX, CNA, CL, ED, CXW, GLW, CSGP, DTE, DUK, BOOM, EBAY, EG, EXC, FFIV, FIS, FISV, FMC, FWRD, GIS, GNW, GPRO, THG, HIG, HELE, HSY, HNI, HOLX, HON, IDA, INCY, ITGR, INTC, IBKR, JNJ, KMT, KEYS, KMB, LMT, L, LPLA, MGY, MANH, MAN, MGEE, MCO, MOS, NFG, NWL, NEE, NWPX, NUS, OXY, ORI, OLN, OMI, PEN, PNW, PINC, QTWO, DGX, SRE, SKYW, SO, SCCO, SWX, SSYS, SRDX, TPR, TRV, TG, UPS, UNH, V, WEX, XEL, IYK, IYC, FDN, QTEC, FXL, FXI, ICF, IEV, SLV, EWK, ECH, EWQ, EWH, EWI, EWW, EWS, EWU, DBA, PEJ, PJP, XHB, UNG. 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 Dow industrials, 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), Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  34,319.17    
 Daily S2  35,332.89  1,013.72   
 Weekly S2  35,420.18  87.29   Yes! The Weekly S2 is close to the Daily S2.
 Monthly S1  36,142.39  722.21   
 Low  36,611.78  469.39   
 Daily S1  36,649.25  37.46   Yes! The Daily S1 is close to the Low.
 Weekly S1  36,692.89  43.64   Yes! The Weekly S1 is close to the Daily S1.
 61.8% Down from Intraday High  37,603.16  910.27   
 Open  37,879.65  276.49   
 50% Down from Intraday High  37,909.40  29.75   Yes! The 50% Down from Intraday High is close to the Open.
 Daily Pivot  37,928.13  18.73   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  37,965.60  37.47   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  38,215.64  250.04   Yes! The 38.2% Down from Intraday High is close to the Close.
 High  39,207.02  991.38   
 Daily R1  39,244.49  37.47   Yes! The Daily R1 is close to the High.
 Weekly Pivot  39,537.58  293.09   
 Monthly Pivot  40,088.08  550.50   
 Daily R2  40,523.38  435.29   
 Weekly R1  40,810.29  286.91   
 Monthly R1  41,911.30  1,101.01   
 Weekly R2  43,654.98  1,743.68   
 Monthly R2  45,856.99  2,202.01   

Tuesday 4/8/25. Slider Trading Quiz!

The Dow dropped by -0.9% or -349.26 points. Since 10/01/1928 the Dow made 448 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 219 occasions.
     Average loss was -0.9% on 229 occasions.
Expect the Dow to close lower 51.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 305/560 or 54.5% of the time.
     The prediction of the Dow closing lower has been right 58/122 or 47.5% of the time.

$ $ $

I show another slider trading quiz featuring Ugly double bottom tutorial.

$ $ $

Here's a symbol list of 127 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ADTN, AKAM, AEE, AFG, AIG, ACGL, AIZ, ADP, AVA, AXS, BIIB, BKNG, BRC, BFH, BR, BG, CPB, COR, CHD, CINF, CLX, CNA, CL, ED, CXW, GLW, CSGP, DTE, DUK, BOOM, EBAY, EG, EXC, FFIV, FIS, FISV, FMC, FWRD, GIS, GNW, GPRO, THG, HIG, HELE, HSY, HNI, HOLX, HON, IDA, INCY, ITGR, INTC, IBKR, JNJ, KMT, KEYS, KMB, LMT, L, LPLA, MGY, MANH, MAN, MGEE, MCO, MOS, NFG, NWL, NEE, NWPX, NUS, OXY, ORI, OLN, OMI, PEN, PNW, PINC, QTWO, DGX, SRE, SKYW, SO, SCCO, SWX, SSYS, SRDX, TPR, TRV, TG, UPS, UNH, V, WEX, XEL, IYK, IYC, FDN, QTEC, FXL, FXI, ICF, IEV, SLV, EWK, ECH, EWQ, EWH, EWI, EWW, EWS, EWU, DBA, PEJ, PJP, XHB, UNG. 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 Dow industrials, 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), Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  34,319.17    
 Daily S2  35,332.89  1,013.72   
 Weekly S2  35,420.18  87.29   Yes! The Weekly S2 is close to the Daily S2.
 Monthly S1  36,142.39  722.21   
 Low  36,611.78  469.39   
 Daily S1  36,649.25  37.46   Yes! The Daily S1 is close to the Low.
 Weekly S1  36,692.89  43.64   Yes! The Weekly S1 is close to the Daily S1.
 61.8% Down from Intraday High  37,603.16  910.27   
 Open  37,879.65  276.49   
 50% Down from Intraday High  37,909.40  29.75   Yes! The 50% Down from Intraday High is close to the Open.
 Daily Pivot  37,928.13  18.73   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  37,965.60  37.47   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  38,215.64  250.04   Yes! The 38.2% Down from Intraday High is close to the Close.
 High  39,207.02  991.38   
 Daily R1  39,244.49  37.47   Yes! The Daily R1 is close to the High.
 Weekly Pivot  39,537.58  293.09   
 Monthly Pivot  40,088.08  550.50   
 Daily R2  40,523.38  435.29   
 Weekly R1  40,810.29  286.91   
 Monthly R1  41,911.30  1,101.01   
 Weekly R2  43,654.98  1,743.68   
 Monthly R2  45,856.99  2,202.01   

Monday 4/7/25. World War 3 Has Started

My Prediction

Picture of the Dow industrials on the daily scale.

I thought that Trump would start a war to remain in office. I didn't think he'd start World War 3.

This war is not fought (yet) with bombs or nukes. It's a trade war. He said he'd end all wars, especially the Ukraine-Russia war on day 1. He didn't do that. Instead, he hasn't ruled out military action against Greenland, Panama, and would love to adopt Canada as our 51st state.

Some estimates say it'll take 3 to 5 years to build a factory in the US (Trump says 2 years). You have to find a property to buy. Get it zoned properly. Maybe file an environmental impact statement that could be challenged in court, build roads, rail lines, a factory, train people. Yes, three or more years sounds reasonable.

Three years is about the time Trump's term will be up. So you get your new plant up and running just in time for a pissed-off electorate to bring in a democrat who removes tariffs. All of a sudden, your new factory costs three times as much to produce your goody as Vietnam or China. You've made a very expensive mistake.

Do you understand the uncertainty CEOs face now?

Let's turn to the chart. I show the Dow industrials on the weekly scale.

The red line shows where we are now, at 38,300. Below that, the green lines show support at 37,300 and 34,300. I'd like to say that the lines represent where price is likely to reverse, but with the political climate what it is, I can't predict what will happen. We could see a rebound on Monday or it could continue down for more massive plunges. I can't even recommend that you buy more at this level. It might be a lot cheaper soon.

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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.

Monday: Up 417.86 points.
Tuesday: Down 11.8 points.
Wednesday: Up 235.36 points.
Thursday: Down 1679.39 points.
Friday: Down 2231.07 points.

For the Week...

The Dow industrials were down 3269.04 points or 7.9%.
The Nasdaq composite was down 1735.2 points or 10.0%.
The S&P 500 index was down 506.86 points or 9.1%.

Year to Date...

Dow Industrials
     15.0% down from the high of 45,054.36 on 01/31/2025.
     0.1% up from the low of 38,264.87 on 04/04/2025.
Nasdaq
     22.5% down from the high of 20,118.61 on 01/24/2025.
     0.1% up from the low of 15,575.68 on 04/04/2025.
S&P 500
     17.5% down from the high of 6,147.43 on 02/19/2025.
     0.1% up from the low of 5,069.90 on 04/04/2025.

Options Expiration

No options expire this week.

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  37,060  37,687  38,893  39,520  40,726 
Weekly  35,537  36,926  39,654  41,043  43,771 
Monthly  34,436  36,375  40,205  42,144  45,973 
S&P500 (^GSPC): Daily  4,923  4,999  5,145  5,221  5,368 
Weekly  4,654  4,864  5,280  5,490  5,905 
Monthly  4,461  4,767  5,377  5,683  6,293 
Nasdaq (^IXIC): Daily  15,211  15,400  15,764  15,952  16,316 
Weekly  14,152  14,870  16,293  17,011  18,434 
Monthly  13,302  14,445  16,719  17,862  20,135 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season will be starting in about 9 days.

Here's a symbol list of 407 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABM, ADBE, AEIS, AMD, AES, A, APD, ATSG, ALRM, ALK, ALB, AA, ALKS, DOX, AEO, AXP, AME, AMGN, APH, APA, AAPL, AMAT, ADM, ANET, ARW, ASH, AIZ, AGO, ADP, AVNT, AZTA, BMI, BCPC, BAX, BZH, BIO, BIIB, BMRN, BKH, BA, BKNG, BSX, BMY, CPB, CE, CLS, CX, COR, CENX, CDAY, CF, CHKP, CVX, CHD, CINF, CTAS, CSCO, CLF, CLX, CNO, CGNX, CTSH, CL, CMCO, ED, COP, CXW, GLW, CSGP, CR, CRH, CCK, CTS, CMI, CW, DHR, DVN, FANG, ^DJU, ^DJT, ^DJI, DOV, DTE, DUK, BOOM, EMN, EBAY, EIX, EME, EMR, EOG, EPAM, EL, EG, EXC, XOM, FFIV, FARO, FDX, FISV, FIVN, FLEX, FLS, FMC, FORM, FTNT, FTV, FCX, IT, GE, GIS, GNW, GILD, GPN, GFS, GL, GS, GOOGL, GPRO, GGG, GFF, HLIT, HE, HQY, HL, HELE, HP, HSY, HNI, DHI, HWM, HUN, HURC, IEX, ITW, ILMN, INCY, IBP, IPAR, IBKR, TILE, IPG, IPI, JAZZ, JBLU, KALU, K, KMT, KEYS, KMB, KLAC, KLIC, LRCX, LANC, LLY, LNC, RAMP, L, LPLA, LXU, MHO, MTSI, MGY, MANH, MAN, MKTX, MA, MTDR, MTRN, MTRX, MRK, META, MGEE, MU, MCO, MS, MOS, MLI, MUR, NBR, ^IXIC, NOV, NTGR, NTAP, NWL, NEE, NI, JWN, NWPX, NOVT, NUS, NTNX, NVDA, OXY, OGE, ORI, OLN, OMC, OTEX, ORCL, OUT, OMI, PKG, PANW, PKE, PTEN, PYPL, PEN, PFE, PLXS, PPG, PFG, PRU, PSTG, QTWO, KWR, QCOM, RMBS, RJF, RTX, RGA, RHI, ROK, RES, R, ^GSPC, CRM, SAND, SLB, SCHW, SEE, SEIC, SMTC, NOW, SHOP, SLGN, STR, SKYW, SGI, SO, SCCO, LUV, SWX, SXI, SSYS, TPR, TRGP, TECH, TDY, TDC, TER, TEVA, TXN, TXT, TTD, TMO, TKR, RIG, TZOO, TG, TWLO, UGI, UIS, UPS, UNH, UNM, VLO, VMI, MDRX, VRTX, V, VC, WLK, WEX, WSC, WWD, XEL, ZBRA, ITA, IYM, IAI, IYC, IYE, IEZ, IHE, IDU, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, IYH, IAT, IEV, IGV, IXC, MXI, IXN, SOXX, SLV, IGE, IEO, IYF, ITB, EWO, ECH, EEM, EWQ, EWG, EWH, EIS, EWI, EWJ, EWM, EWW, EPP, EZA, EWY, EWD, EWL, EWT, THD, TUR, EWU, QLD, IBB, PBE, PEJ, PXJ, PJP, PHO, SSO, ROBO, XLY, XLE, XLF, XLV, XHB, XLI, XLB, SPY, XLK, XLU, USO, SMH, VHT, 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.

This WeekLast Week
1. Short ETFs1. Natural Gas (Diversified)
2. Internet2. Securities Brokerage
3. Natural Gas (Diversified)3. Internet
4. Electric Utility (Central)4. Natural Gas (Distributor)
5. Insurance (Diversified)5. Financial Services
6. Natural Gas (Distributor)6. Insurance (Diversified)
7. Financial Services7. Electric Utility (Central)
8. Securities Brokerage8. Insurance (Prop/Casualty)
9. Insurance (Prop/Casualty)9. Petroleum (Integrated)
10. Household Products10. E-Commerce
Best Performing AboveWorst Performing Below
50. Trucking/Transp. Leasing50. Computers and Peripherals
51. Computers and Peripherals51. Biotechnology
52. Petroleum (Producing)52. Trucking/Transp. Leasing
53. Toiletries/Cosmetics53. Human Resources
54. Semiconductor Cap Equip.54. Toiletries/Cosmetics
55. Semiconductor55. Semiconductor
56. Chemical (Basic)56. Semiconductor Cap Equip.
57. Advertising57. Advertising
58. Shoe58. Chemical (Basic)
59. Homebuilding59. Shoe
60. Oilfield Svcs/Equipment60. Homebuilding

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

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Friday 4/4/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 229 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ADBE, ADTN, AEIS, AMD, AES, ALB, AA, AEP, AXP, AME, APH, ARW, ASH, AIZ, AVNT, BCPC, BAX, BZH, BKH, BA, BOOT, BFH, BLDR, BG, CE, CLS, COR, CENX, CDAY, CVX, CHD, CTSH, CL, CMTL, ED, GLW, CSGP, CR, CTS, XRAY, DDS, ^DJU, ^DJT, ^DJI, DOV, EMN, EIX, EMR, EPAM, EVH, EXC, XOM, EZPW, FFIV, FARO, FDX, FIVN, FLS, FMC, FTNT, FTV, FWRD, FNV, FCX, GME, GAP, GE, GIS, GILD, GPRO, GES, HELE, HNI, DHI, HOV, HUBG, HUN, HURC, IBP, INTC, IPAR, IPG, KALU, KBH, KMT, KEYS, KMB, KSS, LHX, LRCX, LANC, LDOS, RAMP, LPLA, LXU, MHO, M, MKTX, MTDR, MTRN, MTRX, MGEE, MLKN, MS, MUR, NBR, NWL, NI, NWPX, NOVT, NTNX, NVDA, OGE, OUT, OMI, OXM, PTEN, PETS, PFE, PNW, PLXS, PINC, PGR, PRU, PHM, QTWO, QCOM, RJF, REGN, RGA, ROK, ROG, ^GSPC, CRM, SAND, SCHW, SMG, SEE, STR, SKX, SKYW, SO, SCCO, LUV, SXI, SSYS, TPR, TDC, TER, TXN, TXT, TKR, TDG, TZOO, TG, UPS, UNH, VFC, V, WU, WLK, WWW, XEL, ZBRA, IYM, IYK, IYC, IDU, DDM, FDN, QTEC, FXL, FXI, IAT, IXC, MXI, ILF, SLV, ITB, EWZ, EWH, EWI, EWJ, EWW, EWS, EZA, EWY, EWP, EWD, SSO, ROBO, XLY, XLE, XLF, XHB, XLB, SPY, XLU, VAW. 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.

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
MMMHead-and-shoulders top      01/31/202503/25/2025Diversified Co.
ANFDouble Top, Eve and Adam      03/20/202504/02/2025Apparel
AKAMDouble Top, Eve and Eve      03/17/202503/25/2025E-Commerce
ALBDouble Top, Eve and Adam      03/10/202503/19/2025Chemical (Diversified)
ALKSDouble Top, Eve and Adam      03/11/202503/24/2025Drug
AEOTriple top      03/07/202504/02/2025Apparel
AEPTriple bottom      03/06/202503/25/2025Electric Utility (Central)
AMEDouble Top, Adam and Eve      03/17/202503/26/2025Industrial Services
BBYDouble Top, Eve and Adam      03/24/202504/02/2025Retail (Special Lines)
BMRNDouble Top, Adam and Adam      03/07/202503/27/2025Biotechnology
BOOTDead-cat bounce      04/03/202504/03/2025Shoe
BFHDouble Top, Eve and Adam      03/25/202504/02/2025Information Services
BMYDouble Top, Eve and Adam      03/25/202503/31/2025Drug
BRPipe bottom      03/10/202503/17/2025Information Services
CACIDouble Bottom, Adam and Adam      03/21/202504/02/2025IT Services
CHKPBroadening top      03/18/202504/03/2025E-Commerce
CVXDouble Top, Adam and Adam      03/26/202503/31/2025Petroleum (Integrated)
COSTPipe bottom      03/10/202503/17/2025Retail Store
CRDouble Top, Adam and Eve      03/12/202503/26/2025Diversified Co.
CROXDouble Top, Eve and Adam      03/25/202504/02/2025Shoe
CTSDouble Top, Adam and Eve      03/07/202503/25/2025Electronics
DHRHead-and-shoulders top      02/21/202503/24/2025Medical Services
DSGRDouble Top, Eve and Eve      02/26/202503/10/2025Metal Fabricating
EOGDouble Top, Adam and Adam      03/26/202504/02/2025Natural Gas (Distributor)
EFXDouble Top, Eve and Adam      03/24/202504/02/2025Information Services
EVRGHead-and-shoulders bottom      02/20/202503/25/2025Electric Utility (Central)
EXCTriple bottom      03/06/202503/25/2025Electric Utility (East)
FDSDouble Bottom, Adam and Adam      03/12/202503/21/2025Information Services
FARODouble Top, Eve and Eve      01/31/202502/26/2025Precision Instrument
FMCHead-and-shoulders top      03/10/202503/28/2025Chemical (Basic)
FWRDDead-cat bounce      04/03/202504/03/2025Trucking/Transp. Leasing
GAPDead-cat bounce      04/03/202504/03/2025Apparel
GEDouble Top, Eve and Adam      02/18/202503/26/2025Diversified Co.
GPNDouble Top, Eve and Adam      03/26/202504/02/2025Computer Software and Svcs
GGGDouble Top, Eve and Adam      03/26/202504/02/2025Machinery
HLHead-and-shoulders top      03/18/202503/28/2025Metals and Mining (Div.)
IDADouble Bottom, Adam and Adam      03/06/202503/25/2025Electric Utility (West)
ITWPipe top      03/03/202503/10/2025Metal Fabricating
IRMHead-and-shoulders top      03/17/202504/02/2025Industrial Services
JAZZDouble Top, Adam and Adam      03/19/202503/24/2025Biotechnology
KELYAHead-and-shoulders top      03/10/202503/27/2025Human Resources
KMTDouble Top, Adam and Adam      03/10/202503/25/2025Metal Fabricating
KFRCDouble Top, Adam and Adam      03/27/202504/02/2025Human Resources
KSSDead-cat bounce      04/03/202504/03/2025Retail Store
LENHead-and-shoulders top      02/25/202503/20/2025Homebuilding
MTriangle, symmetrical      03/03/202503/25/2025Retail Store
MANHHead-and-shoulders top      03/17/202504/02/2025IT Services
MANDiamond bottom      03/24/202504/02/2025Human Resources
MTRNDouble Top, Eve and Eve      03/18/202503/26/2025Metals and Mining (Div.)
NVDADouble Top, Adam and Adam      03/17/202503/24/2025Semiconductor
OLNTriple top      03/19/202503/28/2025Chemical (Basic)
ORCLDouble Top, Adam and Eve      03/17/202503/24/2025Computer Software and Svcs
PATKDouble Top, Eve and Adam      03/25/202504/02/2025Retail Building Supply
PTENHead-and-shoulders top      03/19/202504/02/2025Oilfield Svcs/Equipment
PPLDouble Bottom, Eve and Adam      03/06/202503/25/2025Electric Utility (East)
PFGHead-and-shoulders top      02/14/202503/26/2025Insurance (Diversified)
PHMHead-and-shoulders top      02/25/202503/20/2025Homebuilding
RLDouble Top, Eve and Adam      03/24/202504/02/2025Apparel
RJFDouble Top, Adam and Adam      03/19/202503/26/2025Securities Brokerage
RNGDouble Top, Adam and Adam      03/07/202503/25/2025Computer Software and Svcs
RHITriangle, ascending      03/19/202504/02/2025Human Resources
ROKDouble Top, Eve and Adam      03/07/202503/26/2025Diversified Co.
RESDouble Top, Adam and Adam      03/26/202504/02/2025Oilfield Svcs/Equipment
RPipe bottom      03/10/202503/17/2025Trucking/Transp. Leasing
SCIDouble Bottom, Eve and Eve      03/13/202503/25/2025Industrial Services
SKXDead-cat bounce      04/03/202504/03/2025Shoe
SNPSDouble Top, Adam and Eve      03/17/202503/24/2025Computer Software and Svcs
TPRDouble Top, Eve and Adam      03/24/202504/02/2025Apparel
TRGPDouble Top, Eve and Adam      03/25/202504/02/2025Natural Gas (Diversified)
TXTDouble Top, Eve and Eve      03/17/202503/27/2025Diversified Co.
TKRDouble Top, Eve and Eve      03/07/202503/25/2025Metal Fabricating
TJXPipe bottom      03/10/202503/17/2025Retail Store
RIGBroadening top      03/18/202504/01/2025Oilfield Svcs/Equipment
UHALDouble Bottom, Adam and Adam      03/13/202503/21/2025Trucking/Transp. Leasing
VFCDead-cat bounce      04/03/202504/03/2025Apparel
VEEVHead-and-shoulders top      02/06/202503/25/2025Healthcare Information
WOLFDead-cat bounce      03/28/202503/28/2025Semiconductor
WWWPipe bottom      03/10/202503/17/2025Shoe
WWDHead-and-shoulders top      03/19/202504/02/2025Precision Instrument
XELDouble Bottom, Eve and Adam      03/06/202503/25/2025Electric Utility (West)

 

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Thursday 4/3/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.9% or 151.16 points. Since 02/05/1971 the Nasdaq made 329 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 212 occasions.
     Average loss was -0.8% on 117 occasions.
Expect the Nasdaq to close higher 64.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 289/523 or 55.3% of the time.
     The prediction of the Nasdaq closing lower has been right 85/174 or 48.9% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

There's not a lot to talk about in the chart. I drew an upward-sloping trendline along the bottoms. It cuts through A, which is a downward spike that I didn't see at first.

The top line connects the peaks. The pattern the two lines form is called an ascending broadening wedge.

The pattern ends, or appears to end, with a downward breakout at A. I can't see where price closed, so I'm not sure if that's the actual breakout. (To avoid false breakouts, for statistics, I wait for a close outside the trendline borders. For trading, I use a pierce to trigger an entry or exit from a trade).

Ascending broadening wedges breakout downward 52% of the time, which is close to random.

What does this tell us about trading in the coming days? The pattern is slightly bearish. Now that tariffs have been announced, the markets might react to that news negatively (because they dislike the policy) or positively (because it clears away uncertainty). I don't know which will happen.

Addendum: The futures are down big. Dow off 1,000 points or 2.2%, Nasdaq down 4.1% and S&P down 3.2% according to CNBC.

$ $ $

Here's a symbol list of 102 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AES, AFL, ALK, ALGT, AIG, AMWD, AVNT, BIO, BRC, BCO, CAL, COR, CNC, CDAY, CHD, CNX, CTSH, GLW, CTS, DHR, XRAY, ^DJU, EIX, ELV, EPAM, FARO, FDX, FIS, FLS, FMC, GIS, GILD, GPRO, HQY, HSY, IDA, TILE, IPG, KELYA, KMT, KSS, LAMR, LEG, LDOS, LLY, LXU, MTRN, MS, MOS, NOVT, NTNX, OMC, OR, OMI, OXM, PATK, PETS, PNW, PINC, PRU, DGX, RMBS, RJF, RNG, RHI, RCKY, ROG, SAIA, SEIC, STR, SO, SCCO, SSYS, TDY, TJX, TG, VRSN, WERN, WLK, WSC, WDAY, ZBRA, IYM, IYC, IDU, IHI, EWA, EWK, EWH, EWW, EWD, PBE, PJP, ROBO, XLB, XLU, USO, VAW. 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), Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  15,755.18    
 Monthly S1  16,678.12  922.93   
 Weekly S2  16,723.68  45.56   Yes! The Weekly S2 is close to the Monthly S1.
 Daily S2  16,964.36  240.69   
 Weekly S1  17,162.36  198.00   
 Low  17,181.27  18.91   Yes! The Low is close to the Weekly S1.
 Open  17,207.01  25.74   Yes! The Open is close to the Low.
 Daily S1  17,282.71  75.70   
 61.8% Down from Intraday High  17,385.74  103.03   
 50% Down from Intraday High  17,448.89  63.16   
 Daily Pivot  17,499.61  50.72   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  17,512.05  12.44   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  17,601.05  89.00   
 High  17,716.52  115.47   
 Weekly Pivot  17,721.75  5.23   Yes! The Weekly Pivot is close to the High.
 Daily R1  17,817.96  96.21   
 Daily R2  18,034.86  216.91   
 Weekly R1  18,160.43  125.57   
 Monthly Pivot  18,161.17  0.74   Yes! The Monthly Pivot is close to the Weekly R1.
 Weekly R2  18,719.82  558.64   
 Monthly R1  19,084.11  364.29   
 Monthly R2  20,567.16  1,483.06   

Wednesday 4/2/25. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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.

Not much has changed in the chart since yesterday's post except that the CPI has turned neutral (white bar on far right of chart). The reading is 52.4.

Yesterday, the indicator was bullish but signals can change for up to a week. However, the change shows weakness in the overall market.

You can see the CPI dip in the inset, upper left of chart.

$ $ $

Here's a symbol list of 82 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, AES, AFL, ALGT, AMN, AAPL, ADSK, AZTA, BSET, BIIB, BMRN, BA, BSX, BFH, BRKR, CDNS, CRL, CHD, CLF, CNX, CMTL, COP, GLW, DHR, DVN, ^DJU, ELV, FISV, GIS, GILD, GS, GOOGL, GPRO, HLIT, HP, HSY, PODD, ITGR, IPG, IRM, KSS, LDOS, MGY, MTDR, MS, MOS, NOV, NTNX, ORI, OMC, OXM, PCG, PG, R, SCCO, TRGP, TKR, UIS, UPS, WMT, WMB, WWD, IYE, IHE, IDU, IYH, IXC, IEO, EWK, EWZ, EWH, IBB, DBA, XLE, XLV, 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), Foresight (#Ad)

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Tuesday 4/1/25. 2025 Forecast Update

The Dow climbed by 1.0% or 417.86 points. Since 10/01/1928 the Dow made 453 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 239 occasions.
     Average loss was -0.8% on 214 occasions.
Expect the Dow to close higher 52.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 305/559 or 54.6% of the time.
     The prediction of the Dow closing lower has been right 58/122 or 47.5% of the time.

$ $ $

Here's the updated 2025 market forecast, presented in slider format.

$ $ $

Here's a symbol list of 171 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ADTN, AES, AFL, ATSG, ALRM, ALK, ALGT, AMZN, AEO, AEP, AXP, AIG, AMN, APH, ARCB, AXS, BALL, BSET, BZH, BIIB, BMRN, BKH, BA, BKNG, BOOT, BRC, BR, BBW, CDNS, CLS, CX, COR, CENX, CF, CRL, CHKP, CIEN, CINF, CSCO, CLF, CLX, CMTL, COST, CR, XRAY, DTE, DUK, EBAY, EME, EMR, EVRG, EXC, EXPD, FFIV, FDS, FDX, FISV, FTNT, FCX, GME, GIS, GL, GPRO, HIG, HL, HD, DHI, HUN, NSP, IBP, IBKR, JBLU, JNJ, KEYS, KSS, LEG, L, LOW, LXU, M, MDT, MU, NFG, NWL, NEU, NTNX, ORI, OMC, OMI, PINC, PHM, PSTG, RMBS, RNG, R, ^GSPC, CRM, SCI, SHW, SHOP, SKX, SCS, SNPS, TPR, TDC, TTD, TJX, UPS, VRSN, VRTX, V, WU, WWW, XEL, IEZ, FDN, QTEC, FXL, BOTZ, IHF, IEV, IGV, ITB, IHI, EWA, EWO, EWK, EWQ, EWG, EWH, EIS, EWI, EWJ, EWY, EWD, EWL, EWT, THD, IBB, PBE, SSO, ROBO, GLD, XHB, SPY, USO. 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 Dow industrials, 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), Foresight (#Ad)

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  38,860.43    
 Monthly S1  40,431.09  1,570.67   
 Daily S2  40,766.51  335.41   
 Weekly S2  40,826.04  59.53   Yes! The Weekly S2 is close to the Daily S2.
 Low  41,148.13  322.09   
 Open  41,382.52  234.39   
 Daily S1  41,384.13  1.61   Yes! The Daily S1 is close to the Open.
 Weekly S1  41,413.90  29.77   Yes! The Weekly S1 is close to the Daily S1.
 61.8% Down from Intraday High  41,529.84  115.95   
 50% Down from Intraday High  41,647.75  117.91   
 38.2% Down from Intraday High  41,765.67  117.91   
 Daily Pivot  41,765.76  0.09   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  42,001.76  236.00   
 Weekly Pivot  42,117.86  116.10   
 High  42,147.38  29.52   Yes! The High is close to the Weekly Pivot.
 Monthly Pivot  42,232.44  85.06   Yes! The Monthly Pivot is close to the High.
 Daily R1  42,383.38  150.95   
 Weekly R1  42,705.73  322.34   
 Daily R2  42,765.01  59.28   Yes! The Daily R2 is close to the Weekly R1.
 Weekly R2  43,409.69  644.68   
 Monthly R1  43,803.10  393.41   
 Monthly R2  45,604.45  1,801.34   

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