As of 10/07/2024
Indus: 41,954 -398.51 -0.9%
Trans: 15,783 -31.37 -0.2%
Utils: 1,027 -24.05 -2.3%
Nasdaq: 17,924 -213.95 -1.2%
S&P 500: 5,696 -55.13 -1.0%
|
YTD
+11.3%
-0.7%
+16.5%
+19.4%
+19.4%
|
43,500 or 41,600 by 10/15/2024
16,800 or 15,700 by 10/15/2024
1,125 or 1,025 by 10/15/2024
19,000 or 17,600 by 10/15/2024
5,900 or 5,600 by 10/15/2024
|
As of 10/07/2024
Indus: 41,954 -398.51 -0.9%
Trans: 15,783 -31.37 -0.2%
Utils: 1,027 -24.05 -2.3%
Nasdaq: 17,924 -213.95 -1.2%
S&P 500: 5,696 -55.13 -1.0%
|
YTD
+11.3%
-0.7%
+16.5%
+19.4%
+19.4%
| |
43,500 or 41,600 by 10/15/2024
16,800 or 15,700 by 10/15/2024
1,125 or 1,025 by 10/15/2024
19,000 or 17,600 by 10/15/2024
5,900 or 5,600 by 10/15/2024
| ||
$ $ $
Here's a symbol list of 146 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ALRM, DOX, AFG, APH, AON, AAPL, AIZ, AVA, AXS, AZTA, BMI, BCPC, BSET, BBW, CAL, CPB, CNP, CENX, CLF, CNA, CNO, CGNX, CTSH, GLW, COST, CRH, CCRN, XRAY, DRQ, EMN, EIX, EQT, EVH, FFIV, FICO, FISV, FTV, IT, GE, GIS, GGG, HL, HELE, HP, HSIC, HD, HUBG, IEX, IDXX, INFN, IIIN, ITGR, INTC, IPAR, IBKR, TILE, K, KELYA, LOW, MHO, MA, MSFT, MCO, NCR, NJR, NEE, NXGN, OMC, PANW, PTEN, PYPL, PRU, PHM, QCOM, RMBS, RGS, RLI, RCKY, RES, ^GSPC, SEIC, SRE, SWN, SXI, SCS, TECH, TEVA, TXN, TZOO, TREX, SLCA, VEEV, VC, VMC, WLK, IYC, IHE, FTEC, FXL, IYH, IHF, IGV, IYF, IHI, EWO, EWK, EWZ, ECH, EWG, EWI, EWJ, EWM, EWW, EWS, EWD, EWL, EWT, THD, TUR, PXJ, ROBO, IEV, IXN, ILF, SSO, XLF, GLD, XLV, SPY, XLK, VHT, VIS, MGK. Clink 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
Symbol | Chart Pattern | Bullish Bearish | Start | End | Industry |
ACN | Horn top | 11/28/2022 | 12/12/2022 | IT Services | |
AEIS | Double Top, Adam and Adam | 11/15/2022 | 12/13/2022 | Semiconductor | |
AMWD | Big M | 11/22/2022 | 12/13/2022 | Building Materials | |
AME | Double Top, Adam and Adam | 12/02/2022 | 12/13/2022 | Industrial Services | |
AAPL | Pipe top | 10/24/2022 | 10/31/2022 | Computers and Peripherals | |
AWI | Three Falling Peaks | 08/16/2022 | 10/06/2022 | Building Materials | |
ARW | Double Top, Adam and Adam | 11/15/2022 | 12/13/2022 | Electronics | |
AZTA | Horn top | 11/28/2022 | 12/12/2022 | Semiconductor Cap Equip. | |
BECN | Broadening top, right-angled and descending | 11/10/2022 | 12/02/2022 | Retail Building Supply | |
CDNS | Horn top | 11/28/2022 | 12/12/2022 | Computer Software and Svcs | |
CVX | Triple bottom | 12/09/2022 | 12/22/2022 | Petroleum (Integrated) | |
CMTL | Pipe top | 12/05/2022 | 12/12/2022 | Telecom. Equipment | |
COP | Triple bottom | 12/09/2022 | 12/22/2022 | Petroleum (Integrated) | |
EMN | Double Top, Eve and Adam | 11/11/2022 | 12/13/2022 | Chemical (Diversified) | |
EPAM | Triple top | 11/15/2022 | 12/13/2022 | IT Services | |
EXPD | Triple top | 11/15/2022 | 12/13/2022 | Air Transport | |
XOM | Three Rising Valleys | 12/07/2022 | 12/22/2022 | Petroleum (Integrated) | |
HBI | Pipe top | 11/07/2022 | 11/14/2022 | Apparel | |
HQY | Triangle, symmetrical | 12/13/2022 | 12/29/2022 | Healthcare Information | |
HELE | Pipe bottom | 12/12/2022 | 12/19/2022 | Toiletries/Cosmetics | |
NSP | Double Top, Adam and Adam | 11/01/2022 | 12/14/2022 | Human Resources | |
KMB | Diamond top | 12/01/2022 | 12/29/2022 | Household Products | |
LRCX | Pipe top | 11/07/2022 | 11/14/2022 | Semiconductor Cap Equip. | |
LOW | Broadening top | 11/18/2022 | 12/22/2022 | Retail Building Supply | |
M | Diamond bottom | 12/19/2022 | 12/29/2022 | Retail Store | |
MCO | Horn top | 11/28/2022 | 12/12/2022 | Information Services | |
NFG | Roof | 11/07/2022 | 12/29/2022 | Natural Gas (Diversified) | |
ON | Three Falling Peaks | 11/14/2022 | 12/01/2022 | Semiconductor | |
PPL | Rectangle top | 11/23/2022 | 12/29/2022 | Electric Utility (East) | |
KWR | Pipe top | 11/07/2022 | 11/14/2022 | Chemical (Specialty) | |
QCOM | Triple top | 11/15/2022 | 12/13/2022 | Telecom. Equipment | |
RMBS | Horn top | 11/28/2022 | 12/12/2022 | Semiconductor Cap Equip. | |
RNG | Triple top | 11/15/2022 | 12/14/2022 | Computer Software and Svcs | |
^GSPC | Diamond bottom | 12/19/2022 | 12/27/2022 | None | |
SAIA | Pipe top | 11/07/2022 | 11/14/2022 | Trucking/Transp. Leasing | |
NOW | Horn top | 11/28/2022 | 12/12/2022 | IT Services | |
FDN | Triple top | 11/15/2022 | 12/13/2022 | Internet |
Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.
$ $ $
I show a picture of the cryptocurrency called Ethereum on the daily scale.
This looks a lot like bitcoin which I reviewed in mid December. There's a double bottom at AB. It confirms as a valid chart pattern when the currency closes above the peak between the two bottoms. That happens at C.
The rise to D sees the currency reversing there.
What do I see happening in the future? It's a guess but this looks to be the start of a measured move down. If that's true, then look for the currency to drop followed by a retrace. I show that with the bent red line.
$ $ $
Here's a symbol list of 252 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ANF, AYI, ADTN, AES, AFL, ALK, AA, DOX, AEE, AEO, AEP, AEL, AFG, AMWD, AME, AON, APOG, ATR, ACGL, ADM, ASH, AGO, AVY, BMI, BERY, BKNG, BAH, BSX, BFH, BMY, BBW, BLDR, CAL, CPB, CE, CX, CNP, CENX, CRL, CHS, CIEN, CLF, CLX, CNA, CNO, CGNX, CTSH, CL, ED, CAG, CR, CRH, CCK, CMI, XRAY, ^DJU, ^DJI, DOV, DRQ, DTE, DUK, EXP, EMN, ECL, EIX, EMR, EQT, RE, EVRG, EZPW, FICO, FDX, FISV, FLS, FCX, FDP, FRD, GPS, GE, GIS, GPN, GL, GGG, HBI, HLIT, HSC, HIG, HAYN, HL, HELE, HD, HON, DHI, HOV, HUBG, JBHT, HUN, IDA, ITW, IIIN, ITGR, IPAR, IBKR, TILE, IPI, JKHY, JAZZ, JBLU, KBH, K, KMT, KMB, LH, LANC, LEG, LDOS, LEN, LMT, LOW, MHO, MANH, MCHX, MAS, MA, MTRN, MDC, MDT, MRK, MGEE, MLI, MUR, NBR, NOV, NWL, NEU, NKE, NI, JWN, NOC, OXY, OGE, ORI, OLN, OMI, PKG, PATK, PDCO, PTEN, PRFT, PPL, PG, PGR, PHM, KWR, RTX, RGS, RLI, ROK, RCKY, ROP, SMG, SRE, SLGN, SKX, SO, SCCO, LUV, SWN, SR, SXI, SCS, TECH, TPX, TXT, TKR, TOL, TRV, TZOO, TG, SLCA, UGI, V, VC, WRB, WSO, WLK, WSC, WWW, IYK, IYE, ITB, IDU, DDM, IAT, IGE, IEO, IHI, EWA, EWK, EWZ, ECH, EWQ, EWH, EWJ, EWM, EWW, EPP, EWS, EWT, THD, PPA, DBA, PBE, PHO, ROBO, IEV, IXN, ILF, MXI, XLP, XLE, XLI, XLU, UNG, VIS. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 9,441.10 | ||
Monthly S1 | 9,827.19 | 386.10 | |
Weekly S2 | 9,986.48 | 159.28 | |
Daily S2 | 10,071.18 | 84.70 | |
Weekly S1 | 10,099.88 | 28.71 | |
Daily S1 | 10,142.23 | 42.35 | |
Low | 10,207.47 | 65.24 | |
Close | 10,213.29 | 5.82 | Yes! The Close is close to the Low. |
Daily Pivot | 10,278.53 | 65.24 | |
61.8% Down from Intraday High | 10,286.68 | 8.15 | Yes! The 61.8% Down from Intraday High is close to the Daily Pivot. |
50% Down from Intraday High | 10,311.14 | 24.47 | |
38.2% Down from Intraday High | 10,335.61 | 24.47 | |
Open | 10,339.20 | 3.59 | Yes! The Open is close to the 38.2% Down from Intraday High. |
Daily R1 | 10,349.58 | 10.38 | Yes! The Daily R1 is close to the Open. |
High | 10,414.82 | 65.24 | |
Weekly Pivot | 10,426.73 | 11.91 | Yes! The Weekly Pivot is close to the High. |
Daily R2 | 10,485.88 | 59.15 | |
Weekly R1 | 10,540.13 | 54.26 | |
Monthly Pivot | 10,699.42 | 159.28 | |
Weekly R2 | 10,866.98 | 167.56 | |
Monthly R1 | 11,085.51 | 218.54 | |
Monthly R2 | 11,957.74 | 872.22 |
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 neutral, as shown by the vertical off-white bar on the far right of the chart. This could mean the transition from bearish to bullish is underway. You often need that kind of transition. By that, I mean it's rare for a red bar to precede a green bar without any white bars in between (there are none showing on this chart).
So we're left with a neutral chart that's hinting of an upturn. Let's call it a Santa Rally or maybe the January effect.
The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).
On Tuesday, 54% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).A week ago, it was 56%.The fewest was 23% on 01/04/2022.And the most was 79% on 06/17/2022.
The 469 stocks in my database are down an average of 25% from their yearly high.A week ago, the average was 26%.The peak was 13% on 01/04/2022.And the bottom was 34% on 09/30/2022.
This week, both lines show improvement but it's not a substantial change. As the chart shows the red and blue lines have a rounded-looking top and are heading lower now. It looks like an inverted and ascending scallop. If that's the case, then look for the downtrend to end and the two lines to shoot higher.
I don't see any evidence of that happening on the chart.
The prior chart is neutral but tending toward being bullish. This one is bearish but could flip to bullish. Maybe we should just consider them bearish until after the New Year's holiday.
$ $ $
Here's a symbol list of 128 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACIW, AKAM, ALK, AEP, AME, APA, ARCB, ADM, ASH, ATO, AVY, BALL, BECN, BKH, BKNG, BOOT, BMY, BG, CE, CNP, CF, CHS, ED, GLW, CR, CCRN, CTS, XRAY, DFS, DOV, DRQ, DTE, EIX, WIRE, EVRG, EXPD, XOM, EZPW, FFIV, FAST, FE, FMC, FDP, GPS, GIS, GPN, GFS, GS, GFF, HLIT, HTLD, HD, HUBG, HUN, ITW, ILMN, INCY, IIIN, IPI, JKHY, JBLU, KMT, KSS, M, MGEE, MOS, NJR, NI, NOC, OGE, ORI, OMC, OMI, PFE, PGR, RHI, ROG, SEE, SMTC, SCCO, LUV, SR, SNPS, TGT, TECH, TXT, TSCO, RIG, TZOO, VEEV, V, VMC, XEL, IYM, IYE, IEZ, IHE, IDU, DDM, BOTZ, IHF, IGE, EWC, EWH, EWM, EZA, TUR, EWU, DBA, PBE, PXJ, ROBO, XLE, XLV, XLI, XLB, XLU, VHT, VAW. Clink 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
$ $ $
I show another slider trading quiz featuring Tommy Hilfiger: TOM stock.
$ $ $
Here's a symbol list of 109 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACN, AES, AFL, DOX, AEE, AIG, ABC, ASH, AZTA, BIIB, BKH, BRC, CDNS, CX, CIEN, CNO, CTSH, CMTL, ED, DECK, DVN, DSGR, DRQ, DTE, ELV, EPAM, RE, EVRG, EXC, FICO, FDX, FISV, FORM, FTNT, FRD, GES, HLIT, HE, HWM, HUBG, IDXX, INFN, PODD, JAZZ, KELYA, KFRC, KMB, LLY, L, MCHX, META, MLKN, MCO, MYGN, NBR, NJR, NEE, NI, OGE, ORI, OMC, OTEX, POR, PPL, PEG, RMBS, RLI, RES, SLB, SCHW, SMTC, NOW, TPR, TEVA, TKR, RIG, WSC, IEZ, FDN, QTEC, EWA, EWH, EWM, EZA, THD, TUR, QLD, DBA, PBE, SSO, USO. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 31,357.70 | ||
Weekly S2 | 32,207.32 | 849.63 | |
Monthly S1 | 32,280.81 | 73.49 | |
Daily S2 | 32,669.24 | 388.43 | |
Weekly S1 | 32,705.63 | 36.38 | Yes! The Weekly S1 is close to the Daily S2. |
Low | 32,814.02 | 108.39 | |
Daily S1 | 32,936.59 | 122.57 | |
Open | 32,961.06 | 24.47 | Yes! The Open is close to the Daily S1. |
61.8% Down from Intraday High | 32,971.45 | 10.39 | Yes! The 61.8% Down from Intraday High is close to the Open. |
50% Down from Intraday High | 33,020.08 | 48.63 | |
38.2% Down from Intraday High | 33,068.71 | 48.63 | |
Weekly Pivot | 33,071.73 | 3.02 | Yes! The Weekly Pivot is close to the 38.2% Down from Intraday High. |
Daily Pivot | 33,081.36 | 9.63 | Yes! The Daily Pivot is close to the Weekly Pivot. |
Close | 33,203.93 | 122.57 | |
High | 33,226.14 | 22.21 | Yes! The High is close to the Close. |
Daily R1 | 33,348.71 | 122.57 | |
Daily R2 | 33,493.48 | 144.78 | |
Monthly Pivot | 33,496.55 | 3.06 | Yes! The Monthly Pivot is close to the Daily R2. |
Weekly R1 | 33,570.04 | 73.49 | |
Weekly R2 | 33,936.14 | 366.11 | |
Monthly R1 | 34,419.66 | 483.52 | |
Monthly R2 | 35,635.40 | 1,215.73 |
$ $ $
Here's a symbol list of 152 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, AEIS, APD, AKAM, ALK, ALL, AEO, AEL, APA, APOG, AMAT, AVNT, AXS, AZTA, BALL, BECN, BIIB, BFH, BBW, CDNS, CLS, CHS, CIEN, CLF, CGNX, CMTL, CTS, DRQ, BOOM, EOG, EPAM, EQT, FFIV, FAST, FORM, FTNT, FCX, FRD, GPS, HLIT, HQY, HUBG, HUN, IDXX, INFN, IBP, PODD, INTC, TILE, IPI, NVTA, JBLU, KMT, KSS, KLIC, LRCX, LOW, M, MRO, MCHX, MLM, MAS, MTRX, MU, MLKN, MCO, NBR, NTGR, NWPX, OXY, ON, PKG, PTEN, PAYX, PRFT, PLXS, QCOM, RMBS, ROST, RES, SLB, SMG, SEE, SMTC, NOW, LUV, SWX, SCS, SUM, TGT, RIG, TG, TREX, SLCA, UGI, UNM, VLO, VMC, WSC, ZBRA, IYC, IEZ, FDN, QTEC, FXL, BOTZ, ICF, SOXX, EWC, EIS, EWM, EPP, EWY, EWD, THD, TUR, QLD, PEJ, PHO, ROBO, IXC, IXN, SSO, XLY, XHB, XLB, XRT, XLU, SMH, VAW. Clink 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
Symbol | Chart Pattern | Bullish Bearish | Start | End | Industry |
ABT | Broadening wedge, ascending | 11/14/2022 | 12/22/2022 | Medical Supplies | |
ACN | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | IT Services | |
AYI | Three Falling Peaks | 11/11/2022 | 12/13/2022 | Furn/Home Furnishings | |
ADBE | Rectangle top | 11/10/2022 | 12/22/2022 | Computer Software and Svcs | |
AFL | Broadening top | 12/07/2022 | 12/21/2022 | Insurance (Diversified) | |
DOX | Double Top, Adam and Adam | 12/02/2022 | 12/14/2022 | IT Services | |
AXP | Triple top | 11/11/2022 | 12/13/2022 | Financial Services | |
AME | Head-and-shoulders complex top | 11/24/2021 | 02/03/2022 | Industrial Services | |
ATO | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | Natural Gas (Diversified) | |
ADSK | Pipe top | 11/07/2022 | 11/14/2022 | Computer Software and Svcs | |
BSX | Ugly double bottom | 06/16/2022 | 07/14/2022 | Medical Services | |
BFH | Three Falling Peaks | 11/11/2022 | 12/14/2022 | Information Services | |
BMY | Double Top, Adam and Eve | 11/09/2022 | 12/01/2022 | Drug | |
CNP | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | Electric Utility (Central) | |
CHKP | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | E-Commerce | |
CINF | Triple top | 11/14/2022 | 12/13/2022 | Insurance (Prop/Casualty) | |
ED | Double Top, Adam and Adam | 12/01/2022 | 12/14/2022 | Electric Utility (East) | |
GLW | Triple top | 11/11/2022 | 12/13/2022 | Telecom. Equipment | |
CSGS | Pipe top | 10/24/2022 | 10/31/2022 | IT Services | |
DHR | Three Rising Valleys | 05/12/2022 | 07/14/2022 | Medical Services | |
^DJI | Double Top, Eve and Adam | 12/01/2022 | 12/13/2022 | None | |
DRQ | Pipe bottom | 12/05/2022 | 12/12/2022 | Oilfield Svcs/Equipment | |
ECL | Big M | 11/11/2022 | 12/13/2022 | Chemical (Specialty) | |
FICO | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | IT Services | |
FDX | Double Top, Eve and Adam | 12/01/2022 | 12/13/2022 | Air Transport | |
FIS | Big M | 12/02/2022 | 12/15/2022 | Computer Software and Svcs | |
FISV | Double Top, Eve and Adam | 12/02/2022 | 12/13/2022 | IT Services | |
FMC | Pipe top | 11/28/2022 | 12/05/2022 | Chemical (Basic) | |
FTNT | Horn top | 11/28/2022 | 12/12/2022 | Computer Software and Svcs | |
FTV | Pipe bottom | 03/07/2022 | 03/14/2022 | Industrial Services | |
IT | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | IT Services | |
GFS | Pipe bottom | 01/24/2022 | 01/31/2022 | Semiconductor | |
GGG | Broadening top, right-angled and descending | 11/17/2022 | 12/16/2022 | Machinery | |
HTLD | Broadening top | 11/23/2022 | 12/14/2022 | Trucking/Transp. Leasing | |
HOV | Triangle, symmetrical | 12/06/2022 | 12/22/2022 | Homebuilding | |
HWM | Triple top | 03/22/2022 | 06/07/2022 | Aerospace/Defense | |
HUM | Pipe bottom | 09/27/2021 | 10/04/2021 | Medical Services | |
HUN | Head-and-shoulders bottom | 11/19/2021 | 12/13/2021 | Chemical (Specialty) | |
PODD | Pipe top | 03/28/2022 | 04/04/2022 | Medical Supplies | |
ITGR | Head-and-shoulders top | 11/22/2022 | 12/09/2022 | Electronics | |
INTC | Three Falling Peaks | 11/15/2022 | 12/13/2022 | Semiconductor | |
LAMR | Double Top, Adam and Adam | 12/01/2022 | 12/14/2022 | Advertising | |
MTSI | Double Top, Eve and Adam | 11/15/2022 | 12/13/2022 | Semiconductor | |
MAN | Head-and-shoulders top | 11/22/2022 | 12/13/2022 | Human Resources | |
MCO | Triple top | 11/11/2022 | 12/13/2022 | Information Services | |
^IXIC | Broadening top | 11/15/2022 | 12/13/2022 | None | |
NI | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | Electric Utility (Central) | |
OGE | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | Electric Utility (Central) | |
OMCL | Triangle, descending | 11/09/2022 | 12/22/2022 | Healthcare Information | |
OMC | Diamond top | 11/23/2022 | 12/22/2022 | Advertising | |
ON | Ugly double bottom | 10/13/2022 | 11/03/2022 | Semiconductor | |
OUT | Triple top | 11/15/2022 | 12/13/2022 | Advertising | |
PEN | Ugly double bottom | 03/14/2022 | 03/25/2022 | Medical Supplies | |
PPG | Double Top, Eve and Adam | 12/02/2022 | 12/13/2022 | Chemical (Diversified) | |
RMBS | Triple top | 11/14/2022 | 12/13/2022 | Semiconductor Cap Equip. | |
RTX | Double Bottom, Adam and Adam | 12/01/2021 | 12/20/2021 | Aerospace/Defense | |
REGN | Triple bottom | 01/07/2022 | 02/24/2022 | Biotechnology | |
ROK | Double Top, Eve and Adam | 11/14/2022 | 12/13/2022 | Diversified Co. | |
ROP | Three Rising Valleys | 01/28/2022 | 03/14/2022 | Industrial Services | |
^GSPC | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | None | |
SMG | Pipe top | 11/07/2022 | 11/14/2022 | Chemical (Basic) | |
SEIC | Head-and-shoulders top | 11/25/2022 | 12/13/2022 | IT Services | |
SRE | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | Electric Utility (West) | |
SMTC | Head-and-shoulders top | 11/15/2022 | 12/13/2022 | Semiconductor Cap Equip. | |
LUV | Double Top, Eve and Adam | 12/05/2022 | 12/13/2022 | Air Transport | |
TPR | Double Top, Adam and Adam | 12/02/2022 | 12/13/2022 | Apparel | |
TDY | Broadening top, right-angled and ascending | 11/10/2022 | 12/13/2022 | Aerospace/Defense | |
TER | Double Top, Eve and Adam | 11/15/2022 | 12/13/2022 | Semiconductor Cap Equip. | |
TDG | Triangle, descending | 11/10/2022 | 12/22/2022 | Aerospace/Defense | |
RIG | Pipe bottom | 12/05/2022 | 12/12/2022 | Oilfield Svcs/Equipment | |
UNH | Double Top, Adam and Adam | 02/03/2022 | 02/09/2022 | Medical Services | |
VRTX | Triple top | 11/23/2022 | 12/08/2022 | Biotechnology | |
V | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | Financial Services | |
WU | Head-and-shoulders top | 11/15/2022 | 12/13/2022 | Financial Services | |
WSC | Double Top, Adam and Eve | 11/10/2022 | 12/01/2022 | Industrial Services | |
FDN | Horn top | 11/28/2022 | 12/12/2022 | Internet | |
QTEC | Horn top | 11/28/2022 | 12/12/2022 | Electronics | |
SOXX | Triple top | 11/15/2022 | 12/13/2022 | Semiconductor | |
XLK | Broadening top | 11/15/2022 | 12/13/2022 | IT Services |
Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.
$ $ $
I show a picture of the Nasdaq composite on the 5-minute scale.
The chart pattern indicator slipped into neutral from sell after today's close. That shift suggests the index could be turning higher (the CPI is not shown on the chart and signals can change for up to a week).
This chart shows a rounded bottom, which I highlight with a red arc. Usually the turn will continue upward, but it's early to say if that'll happen or not.
At inset A, I show today's movement. There are three peaks in the picture. I think it confirmed as a triple top when the index plunged just before the close and just before recovering. That recovery suggests upward momentum and it would make a nice holiday gift. However, it could just be a typical pullback where the index will resume the downtrend.
So we'll have to wait and see how it all plays out.
$ $ $
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: MMM, ANF, ACN, AYI, ADBE, ALKS, ALL, APA, AWI, ASH, AGO, AZTA, BMI, BIG, BKH, BKNG, BOOT, BMY, CDNS, CVX, CIEN, CNO, CMTL, CAG, CONN, COTY, DRQ, EPAM, XOM, FICO, FIS, FISV, FTNT, FTV, FRD, GPS, GIS, GNW, GGG, HBI, HIG, HQY, HSII, HWM, HUBG, HUN, IEX, IDXX, INFN, IIIN, PODD, NVTA, JAZZ, KLAC, KLIC, MHO, MCHX, MTRN, MTRX, META, MCO, NBR, NFG, NEU, NKE, NI, JWN, NWPX, OLN, OXM, PATK, PTEN, RMBS, RGS, RGA, RLI, ROK, ROP, RES, SLB, SCHW, SIGI, SMTC, NOW, SO, SXI, TDC, TEVA, TKR, TJX, RIG, TRV, SLCA, UPS, UNH, VLO, VRSN, WAT, IAI, IYE, IEZ, FDN, QTEC, IHF, IAT, IGE, IYF, EIS, EWI, EZA, EWP, TUR, QLD, PPA, PXJ, PJP, IXC, SSO. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 10,044.83 | ||
Weekly S2 | 10,044.83 | 0.00 | Yes! The Weekly S2 is close to the Monthly S2. |
Weekly S1 | 10,377.10 | 332.27 | |
Monthly S1 | 10,377.10 | 0.00 | Yes! The Monthly S1 is close to the Weekly S1. |
Daily S2 | 10,493.01 | 115.91 | |
Low | 10,569.20 | 76.19 | |
Open | 10,592.00 | 22.80 | |
Daily S1 | 10,601.19 | 9.19 | Yes! The Daily S1 is close to the Open. |
61.8% Down from Intraday High | 10,639.63 | 38.44 | |
50% Down from Intraday High | 10,661.38 | 21.76 | |
Daily Pivot | 10,677.38 | 16.00 | Yes! The Daily Pivot is close to the 50% Down from Intraday High. |
38.2% Down from Intraday High | 10,683.14 | 5.76 | Yes! The 38.2% Down from Intraday High is close to the Daily Pivot. |
Close | 10,709.37 | 26.23 | |
High | 10,753.57 | 44.20 | |
Daily R1 | 10,785.56 | 31.99 | |
Daily R2 | 10,861.75 | 76.19 | |
Monthly Pivot | 10,974.37 | 112.62 | |
Weekly Pivot | 10,974.37 | 0.00 | Yes! The Weekly Pivot is close to the Monthly Pivot. |
Weekly R1 | 11,306.64 | 332.27 | |
Monthly R1 | 11,306.64 | 0.00 | Yes! The Monthly R1 is close to the Weekly R1. |
Monthly R2 | 11,903.91 | 597.27 | |
Weekly R2 | 11,903.91 | 0.00 | Yes! The Weekly R2 is close to the Monthly R2. |
I show the Dow industrials on the daily scale.
A double top confirms as a valid chart pattern at AB. Confirmation happens when the index closes below the horizontal red line. I drew the line connecting the valley between A and B.
What is going to happen next? For a clue, look at the rise from its compliment: C. C is a double bottom that resulted in a huge rise up to A.
Flip that around and it suggests a huge drop.
Will that happen? I have my doubts.
Circled in green is a knot that I believe will support the index. It matches with the horizontal green line that connects to a prior peak at D.
My guess, and it's only a guess, is that the index will drop to somewhere in the green circle and then rebound.
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.
No options expire this week.
The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.
Index | S2 | S1 | Pivot | R1 | R2 |
Dow Industrials (^DJI): Daily | 32,402 | 32,661 | 32,914 | 33,173 | 33,426 |
Weekly | 31,371 | 32,146 | 33,429 | 34,204 | 35,487 |
Monthly | 31,371 | 32,146 | 33,429 | 34,204 | 35,487 |
S&P500 (^GSPC): Daily | 3,794 | 3,823 | 3,857 | 3,886 | 3,920 |
Weekly | 3,654 | 3,753 | 3,927 | 4,026 | 4,200 |
Monthly | 3,654 | 3,753 | 3,927 | 4,026 | 4,200 |
Nasdaq (^IXIC): Daily | 10,536 | 10,621 | 10,727 | 10,812 | 10,918 |
Weekly | 10,044 | 10,374 | 10,973 | 11,304 | 11,903 |
Monthly | 10,044 | 10,374 | 10,973 | 11,304 | 11,903 |
Here are the formulas:
Earnings season is over.
Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).
Here's a symbol list of 213 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACN, ACIW, AYI, ADTN, AMD, AJRD, ATSG, AKAM, ALK, AYX, AEP, AXP, ABC, APOG, ARCB, AWI, ARW, ADSK, ADP, AXS, BAX, BECN, BKNG, BRC, BMY, CBT, CAL, CPB, CNP, CINF, CNA, CNO, CGNX, CTSH, GLW, CR, CSGS, DHR, DFS, DTE, BOOM, EIX, EFX, FFIV, FAST, FLS, FMC, FDP, FRD, IT, GE, GNW, GS, GPRO, GGG, HBI, HAYN, HUBG, IDA, IDXX, NSP, IIIN, ITGR, INTC, TILE, IPI, INTU, ISRG, IVC, NVTA, JAZZ, KALU, KMT, KBAL, KSS, LNC, L, LOW, M, MAS, MTRN, META, MU, MSFT, MLKN, MCO, MS, MLI, ^IXIC, NFG, NOV, NCR, NTGR, NTAP, NWL, NEU, NKE, NI, JWN, NWPX, NVDA, OMC, OUT, PAYX, PPG, PFG, PRU, PEG, RGS, ROK, ROG, ^GSPC, SMG, SEE, SEIC, SRE, SMTC, NOW, SHW, SXI, SCS, SUM, TFX, TMO, TREX, UGI, UPS, VC, VMC, WRB, WSO, WERN, WU, WLK, IYC, IYE, IDU, DDM, FTEC, FDN, QTEC, FXL, QQQ, ICF, IYH, IHF, IYZ, IGV, SOXX, IGE, IHI, EWK, EWC, ECH, EWQ, EWG, EIS, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, THD, EWU, QLD, PBE, PEJ, PJP, PHO, ROBO, IEV, IXC, IXN, SSO, MXI, XLV, XRT, SPY, XAR, XLK, XLU, SMH, VHT, MGK. Clink this link for details (pattern type, start and end dates).
For a list of small patterns (those a few days wide) click this link.
The below industries were the best (rank 1) or worst performing of those I follow.
|
-- Thomas Bulkowski
$ $ $
Here's a symbol list of 113 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ADTN, ALK, ALKS, ALL, AMED, AFG, AMWD, ABC, AMN, ARCB, AWI, BZH, BRC, BMY, BLDR, CAL, CRL, CNA, CONN, GLW, COST, CCRN, CSGS, CTS, EMR, EOG, FAST, FLEX, FMC, GPS, GE, GGG, HBI, HSC, HAYN, HSII, DHI, HOV, HUBG, HURC, IIIN, INTC, IBKR, TILE, IPI, NVTA, KBH, KMT, KSS, LHX, LH, LANC, LEG, LEN, LNC, L, M, MDC, MU, MLI, NWL, NOC, NWPX, OXY, PTEN, PETS, ROG, NOW, SCS, TOL, TZOO, UNM, WRB, WU, WMB, IYC, ITB, IHE, FXI, IAT, IGE, EWO, EWC, ECH, EWW, EZA, EWY, EWT, TUR, QLD, PEJ, IXC, IXN, ILF, XRT, UNG. Clink 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
Symbol | Chart Pattern | Bullish Bearish | Start | End | Industry |
ACIW | Rectangle bottom | 11/04/2022 | 12/15/2022 | IT Services | |
ATSG | Double Top, Adam and Eve | 10/31/2022 | 11/15/2022 | Air Transport | |
AKAM | Head-and-shoulders top | 11/11/2022 | 12/13/2022 | E-Commerce | |
ALB | Head-and-shoulders top | 11/01/2022 | 12/02/2022 | Chemical (Diversified) | |
AA | Double Top, Adam and Eve | 11/11/2022 | 12/05/2022 | Aerospace/Defense | |
AYX | Double Bottom, Adam and Adam | 11/08/2022 | 12/07/2022 | Computer Software and Svcs | |
AMED | Triangle, symmetrical | 11/07/2022 | 12/09/2022 | Medical Services | |
AMGN | Triangle, descending | 11/08/2022 | 12/08/2022 | Biotechnology | |
APH | Diamond top | 11/11/2022 | 12/09/2022 | Electronics | |
AON | Diamond top | 11/23/2022 | 12/09/2022 | Insurance (Diversified) | |
AMAT | Triangle, symmetrical | 11/15/2022 | 12/09/2022 | Semiconductor Cap Equip. | |
ARCB | Triangle, symmetrical | 02/01/2022 | 12/09/2022 | Trucking/Transp. Leasing | |
ADP | Scallop, ascending | 08/18/2022 | 12/02/2022 | IT Services | |
BCPC | Roof, inverted | 11/11/2022 | 11/25/2022 | Chemical (Specialty) | |
BALL | Three Falling Peaks | 11/15/2022 | 12/13/2022 | Packaging and Container | |
BKH | Double Top, Adam and Adam | 12/01/2022 | 12/13/2022 | Electric Utility (West) | |
CLS | Broadening bottom | 11/22/2022 | 12/14/2022 | Electronics | |
CHS | Head-and-shoulders top | 10/27/2022 | 12/08/2022 | Apparel | |
CLX | Triangle, symmetrical | 11/17/2022 | 12/09/2022 | Household Products | |
CGNX | Triangle, symmetrical | 11/09/2022 | 12/09/2022 | Precision Instrument | |
CMI | Triple top | 11/15/2022 | 11/30/2022 | Machinery | |
DOV | Rectangle top | 11/11/2022 | 12/14/2022 | Machinery | |
DRQ | Double Top, Adam and Eve | 10/27/2022 | 11/14/2022 | Oilfield Svcs/Equipment | |
EPAM | Rectangle top | 11/11/2022 | 12/14/2022 | IT Services | |
FFIV | Double Top, Eve and Adam | 11/23/2022 | 12/13/2022 | Internet | |
FAST | Broadening top | 11/10/2022 | 12/13/2022 | Retail Building Supply | |
FRD | Broadening top, right-angled and descending | 11/03/2022 | 12/09/2022 | Building Materials | |
GPS | Double Top, Eve and Adam | 11/22/2022 | 12/06/2022 | Apparel | |
GE | Head-and-shoulders top | 11/15/2022 | 12/02/2022 | Diversified Co. | |
GOOGL | Head-and-shoulders top | 11/15/2022 | 12/13/2022 | Internet | |
THG | Double Top, Adam and Eve | 11/01/2022 | 12/01/2022 | Insurance (Prop/Casualty) | |
HAYN | Pipe top | 11/07/2022 | 11/14/2022 | Building Materials | |
HON | Double Top, Eve and Adam | 11/25/2022 | 12/13/2022 | Aerospace/Defense | |
IPAR | Triple bottom | 09/29/2022 | 10/24/2022 | Toiletries/Cosmetics | |
IBKR | Double Top, Eve and Adam | 11/04/2022 | 11/30/2022 | Securities Brokerage | |
LZB | Double Top, Eve and Adam | 11/15/2022 | 12/01/2022 | Furn/Home Furnishings | |
LEG | Double Top, Eve and Adam | 11/11/2022 | 12/01/2022 | Furn/Home Furnishings | |
M | Broadening wedge, descending | 11/28/2022 | 12/15/2022 | Retail Store | |
MAS | Broadening top, right-angled and ascending | 11/11/2022 | 12/15/2022 | Building Materials | |
MS | Broadening top | 11/11/2022 | 12/13/2022 | Securities Brokerage | |
MLI | Head-and-shoulders top | 11/18/2022 | 12/02/2022 | Metal Fabricating | |
^IXIC | Broadening top | 11/15/2022 | 12/13/2022 | None | |
NFLX | Rising wedge | 10/26/2022 | 12/14/2022 | Internet | |
OTEX | Triangle, ascending | 10/13/2022 | 12/15/2022 | E-Commerce | |
OXM | Triple top | 11/23/2022 | 12/08/2022 | Apparel | |
QCOM | Broadening top, right-angled and descending | 11/15/2022 | 12/15/2022 | Telecom. Equipment | |
RL | Double Top, Adam and Adam | 12/02/2022 | 12/13/2022 | Apparel | |
RNG | Pipe bottom | 10/31/2022 | 11/07/2022 | Computer Software and Svcs | |
RLI | Triple top | 11/01/2022 | 11/25/2022 | Insurance (Prop/Casualty) | |
SCHW | Triple top | 11/23/2022 | 12/13/2022 | Securities Brokerage | |
NOW | Trend line down | 03/29/2022 | 08/11/2022 | IT Services | |
SWX | Pipe bottom | 11/07/2022 | 11/14/2022 | Natural Gas (Distributor) | |
SR | Pipe top | 11/21/2022 | 11/28/2022 | Natural Gas (Distributor) | |
TGT | Head-and-shoulders top | 10/26/2022 | 12/01/2022 | Retail Store | |
TXN | Double Top, Adam and Adam | 11/15/2022 | 12/13/2022 | Semiconductor | |
TRV | Double Top, Eve and Adam | 12/01/2022 | 12/07/2022 | Insurance (Prop/Casualty) | |
TG | Double Bottom, Eve and Eve | 11/16/2022 | 11/29/2022 | Chemical (Specialty) | |
VLO | Double Top, Adam and Adam | 11/15/2022 | 11/22/2022 | Petroleum (Integrated) | |
VMI | Head-and-shoulders top | 11/25/2022 | 12/13/2022 | Metal Fabricating | |
VC | Triple top | 11/11/2022 | 12/02/2022 | Electronics | |
EZA | Diamond top | 11/11/2022 | 12/08/2022 | Investment Co. (Foreign) | |
PJP | Head-and-shoulders bottom | 08/30/2022 | 10/13/2022 | Drug | |
ROBO | Head-and-shoulders bottom | 09/27/2022 | 10/21/2022 | Electronics | |
IXC | Head-and-shoulders top | 11/07/2022 | 11/25/2022 | Investment Co. (Foreign) | |
GLD | Triple bottom | 09/26/2022 | 11/03/2022 | Metals and Mining (Div.) | |
XLK | Head-and-shoulders bottom | 09/30/2022 | 11/04/2022 | IT Services | |
VIS | Broadening top | 11/18/2022 | 12/06/2022 | Industrial Services | |
MGK | Broadening top | 11/15/2022 | 12/15/2022 | None |
Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.
$ $ $
I show a picture of bitcoin on the daily scale.
It's been a while since I blogged about the currency (the last post was during the drop to A).
Let's begin with the double bottom or even a triple bottom, shown here as AB. The third bottom is the spike between A and B.
The double bottom confirms as a valid chart pattern when the currency closes above the highest peak between the two bottoms. I show that as line C but one could argue it's much lower because the left side isn't a minor high.
Right now, the currency is bumping up against overhead resistance setup by prior valleys. The thinking here is that once people get their money back, they'll sell the currency and it'll drop. That's what I expect to see.
$ $ $
Here's a symbol list of 67 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ADTN, AYX, AMWD, ABC, AMN, APA, AIZ, BMI, BBBY, BMY, BBW, BG, CF, CHD, CGNX, CMTL, CONN, XRAY, DDS, DSGR, EMR, FAST, FIVN, FLEX, FMC, HLIT, HSY, HUBG, IPI, NVTA, KFRC, LH, LEG, RAMP, M, MTRX, MOS, MYGN, NWL, NWPX, PTEN, RGS, RNG, RES, NOW, SCS, RIG, TZOO, WMB, IYK, IYC, IHE, EWA, EWC, EWW, EWT, IXC, ILF, XRT. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 9,817.80 | ||
Monthly S1 | 10,494.34 | 676.55 | |
Weekly S2 | 10,654.12 | 159.77 | |
Daily S2 | 10,909.22 | 255.11 | |
Weekly S1 | 10,912.50 | 3.28 | Yes! The Weekly S1 is close to the Daily S2. |
Monthly Pivot | 11,020.56 | 108.05 | |
Daily S1 | 11,040.06 | 19.50 | Yes! The Daily S1 is close to the Monthly Pivot. |
Low | 11,065.24 | 25.18 | Yes! The Low is close to the Daily S1. |
Weekly Pivot | 11,169.01 | 103.77 | |
Close | 11,170.89 | 1.88 | Yes! The Close is close to the Weekly Pivot. |
61.8% Down from Intraday High | 11,174.82 | 3.93 | Yes! The 61.8% Down from Intraday High is close to the Close. |
Daily Pivot | 11,196.07 | 21.26 | Yes! The Daily Pivot is close to the 61.8% Down from Intraday High. |
50% Down from Intraday High | 11,208.67 | 12.59 | Yes! The 50% Down from Intraday High is close to the Daily Pivot. |
38.2% Down from Intraday High | 11,242.51 | 33.85 | |
Open | 11,248.09 | 5.58 | Yes! The Open is close to the 38.2% Down from Intraday High. |
Daily R1 | 11,326.91 | 78.82 | |
High | 11,352.09 | 25.18 | Yes! The High is close to the Daily R1. |
Weekly R1 | 11,427.39 | 75.30 | |
Daily R2 | 11,482.92 | 55.53 | |
Weekly R2 | 11,683.90 | 200.97 | |
Monthly R1 | 11,697.10 | 13.21 | Yes! The Monthly R1 is close to the Weekly R2. |
Monthly R2 | 12,223.32 | 526.21 |
If the FED raises rates by 3/4 of a point, I think the market will drop big time. If it raises rates by 1/2 point, we'll see a flat to down market. I think such a rise has been factored in. If they hold steady or raise rates less than 1/2 point, then I think the market will soar on the news. This is just a guess, but that's my expectation. If the market drops, I'm going to be buying some new positions and adding to others.
$ $ $
Above 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 indicator, at B, shows the CPI turning from bearish (the red vertical bar) to neutral.
Compare what happened at B to what A shows. At A, we see the same red to neutral bars followed by a green (bullish) bar. When A ended, the index soared in a nice straight-line run higher. Will the same dynamic happen following B?
The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).
On Tuesday, 50% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).A week ago, it was 53%.The fewest was 24% on 01/04/2022.And the most was 79% on 06/17/2022.
The 450 stocks in my database are down an average of 24% from their yearly high.A week ago, the average was 25%.The peak was 13% on 01/04/2022.And the bottom was 34% on 09/30/2022.
Both the red and blue lines show improvement this week compared to the snapshot last week. The red and blue lines hit overhead resistance as I discussed in prior posts.
The prior chart is neutral. This chart is bullish (or more bullish than a week ago). I don't like the big reversal we suffered today (Tuesday) when stocks opened significantly higher only to backtrack a good portion of those gains.
I'm going to reserve judgment on the coming direction until after the FED announcement tomorrow, but I'll be voting with my money.
$ $ $
Here's a symbol list of 237 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACN, ADTN, AEIS, AMD, ALRM, ALB, AA, AMED, AEL, AMWD, ABC, AMGN, AMAT, AIZ, AGO, ADSK, AVA, BMI, BAX, BECN, BBBY, BERY, BBY, BIG, BIO, BIIB, BMRN, BKNG, BAH, BRC, CE, CLS, CF, CRL, CIEN, CSCO, CLNE, CLX, CNA, CMTL, CONN, GLW, CRH, XRAY, DSGR, EXP, EMN, ELV, EMR, WIRE, EFX, EL, RE, EZPW, FAST, FIS, FISV, FIVN, FLEX, FMC, FORM, FRD, GME, GNW, GPRO, HBI, HLIT, HSC, HE, HELE, HSY, DHI, HOV, HUBG, ILMN, INFN, IBP, IBKR, IPI, INTU, ISRG, NVTA, JBLU, KALU, KBH, KELYA, KMT, KBAL, KLAC, KLIC, LHX, LZB, LH, LRCX, LAMR, LEN, RAMP, LMT, M, MAN, MRTN, MLM, MA, MTRN, MTRX, MDC, MDT, MUR, MYGN, NFG, NJR, NWL, NOC, NWPX, NVDA, OMC, ASGN, OTEX, OUT, PKE, PRFT, PFE, PGR, QCOM, RJF, RGS, RNG, ROK, RES, SAIA, SCHW, SAIC, SEE, SIGI, SMTC, NOW, SHW, SLGN, SKX, SCCO, LUV, SWX, SCS, SSYS, SUM, SRDX, SNPS, TDC, TER, TEVA, TREX, UNM, VRSN, VMC, WRB, WAT, WU, WLK, WWW, WDAY, ZBRA, IAI, IYK, ITB, FTEC, FDN, QTEC, FXL, BOTZ, IHF, IAT, SOXX, SLV, IHI, EWA, EWK, EWZ, EWC, EEM, EWQ, EWG, EWH, EWJ, EWW, EWS, EWP, EWD, EWL, EWU, PPA, DBA, PBE, PHO, ROBO, IEV, IXN, ILF, MXI, XLF, XRT, SPY, XAR, XLK, SMH, VHT, VIS, VAW, MGK. Clink 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
$ $ $
I show another slider trading quiz featuring Timberland: TBL stock.
$ $ $
Here's a symbol list of 116 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ADBE, AJRD, AES, APD, ATSG, ALRM, AYX, AMED, AMN, AMAT, ARCB, AVNT, AZTA, BMI, BERY, BMRN, BRC, BLDR, CNP, CF, CRL, CGNX, CMCO, ED, COST, CR, CCRN, CSGS, CTS, ^DJI, EPAM, EL, FLEX, FLS, GNW, HLIT, HSII, HD, HUBG, HURC, NSP, ITGR, INTC, IBKR, IPI, IVC, K, KMT, KBAL, KLIC, LZB, LH, RAMP, M, MANH, MUR, MYGN, NFG, NOV, NCR, NI, NWPX, ASGN, PKE, PTEN, PINC, PHM, QCOM, RMBS, SR, SCS, TGT, TER, TXN, TSCO, TZOO, TG, WU, DDM, QTEC, FXL, FXI, IYZ, IGV, SOXX, IGE, EWA, EWZ, EWC, EEM, EWM, EZA, EWY, EWT, TUR, DBA, PBE, PHO, ROBO, IEV, ILF, XRT, XAR, UNG, SMH. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 31,504.66 | ||
Monthly S1 | 32,754.85 | 1,250.19 | |
Weekly S2 | 33,002.65 | 247.80 | |
Daily S2 | 33,357.65 | 355.00 | |
Weekly S1 | 33,503.84 | 146.19 | |
Low | 33,519.50 | 15.66 | Yes! The Low is close to the Weekly S1. |
Open | 33,519.50 | 0.00 | Yes! The Open is close to the Low. |
Monthly Pivot | 33,675.18 | 155.68 | |
Daily S1 | 33,681.35 | 6.17 | Yes! The Daily S1 is close to the Monthly Pivot. |
61.8% Down from Intraday High | 33,704.98 | 23.63 | Yes! The 61.8% Down from Intraday High is close to the Daily S1. |
50% Down from Intraday High | 33,762.27 | 57.29 | |
38.2% Down from Intraday High | 33,819.56 | 57.29 | |
Daily Pivot | 33,843.19 | 23.63 | Yes! The Daily Pivot is close to the 38.2% Down from Intraday High. |
Weekly Pivot | 33,919.79 | 76.59 | |
Close | 34,005.04 | 85.25 | |
High | 34,005.04 | 0.00 | Yes! The High is close to the Close. |
Daily R1 | 34,166.89 | 161.85 | |
Daily R2 | 34,328.73 | 161.85 | |
Weekly R1 | 34,420.98 | 92.25 | |
Weekly R2 | 34,836.93 | 415.94 | |
Monthly R1 | 34,925.37 | 88.45 | |
Monthly R2 | 35,845.70 | 920.33 |
I show the Dow transports on the daily scale.
At AB is a chart pattern called a double top. It confirms as a valid chart pattern when the index closes below the valley between the two peaks, which happens at C. The index hasn't dropped far below C yet.
At D, circled in blue, is a loose-looking knot that may stop the decline in the transports. I think there's a good chance of that because the circled area is so tall.
For all I know, it might already have halted the decline.
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.
Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).
The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.
Index | S2 | S1 | Pivot | R1 | R2 |
Dow Industrials (^DJI): Daily | 33,213 | 33,345 | 33,595 | 33,727 | 33,977 |
Weekly | 32,826 | 33,151 | 33,744 | 34,069 | 34,661 |
Monthly | 31,328 | 32,402 | 33,499 | 34,573 | 35,670 |
S&P500 (^GSPC): Daily | 3,904 | 3,919 | 3,948 | 3,963 | 3,992 |
Weekly | 3,834 | 3,884 | 3,968 | 4,018 | 4,102 |
Monthly | 3,570 | 3,752 | 3,926 | 4,109 | 4,283 |
Nasdaq (^IXIC): Daily | 10,908 | 10,956 | 11,048 | 11,096 | 11,187 |
Weekly | 10,599 | 10,802 | 11,114 | 11,317 | 11,628 |
Monthly | 9,762 | 10,383 | 10,965 | 11,586 | 12,168 |
Here are the formulas:
Earnings season is over.
Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).
Here's a symbol list of 94 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ADBE, ATSG, AA, AEE, AXP, AIG, AMN, AMAT, ADP, AVY, AZTA, BERY, BRC, CAL, CX, CF, CSCO, CTSH, ED, CCRN, CSGS, DVN, DRQ, EPAM, EL, EVH, FFIV, FIS, FLEX, FLS, FCX, FDP, GILD, GL, GGG, HAYN, HQY, HTLD, HD, HOV, HUBG, ITW, INFN, IBKR, IVC, KBAL, LZB, LH, RAMP, LMT, L, MANH, MRO, MRTN, MDT, MRK, MUR, NOV, NFLX, NTGR, NEU, OXY, PKE, PTEN, PFE, RGS, RHI, SR, TJX, WMT, WWW, XEL, IYE, FXI, SLV, IGE, EWK, EEM, EWG, EWH, EWD, EWL, PBE, IEV, IXC, MXI. Clink this link for details (pattern type, start and end dates).
For a list of small patterns (those a few days wide) click this link.
The below industries were the best (rank 1) or worst performing of those I follow.
|
-- Thomas Bulkowski
$ $ $
Here's a symbol list of 124 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, AYI, ADBE, AFL, APD, ALRM, ALK, AYX, DOX, AEP, AXP, AMN, ARCB, ADP, AVY, AVA, AZTA, BZH, BERY, BMRN, BRC, BFH, CAL, CLS, CIEN, CGNX, ED, CSGS, DDS, DFS, DSGR, EPAM, EQT, EL, EZPW, FICO, FLEX, FLS, FCX, GME, GL, HSC, HQY, HSY, HD, HOV, HUBG, INFN, INTC, IBKR, ISRG, IVC, NVTA, KFRC, KMB, KSS, LZB, LH, LNC, RAMP, M, MANH, MAN, MRO, MCHX, MRTN, MLKN, MOS, MLI, MUR, MYGN, NOV, JWN, OGE, OTEX, PKE, PTEN, PFE, POR, DGX, RGS, RHI, RCKY, SWN, SR, TDOC, TMO, TJX, RIG, TG, UGI, VLO, VRTX, WEX, IYK, IYE, IEZ, IDU, FXI, IHF, SLV, IGE, IHI, EWZ, EWG, EWS, IXC, ILF, XLV. Clink 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
Symbol | Chart Pattern | Bullish Bearish | Start | End | Industry |
AMD | Triple top | 11/15/2022 | 12/01/2022 | Semiconductor | |
AKAM | Pipe bottom | 10/31/2022 | 11/07/2022 | E-Commerce | |
ALK | Double Top, Eve and Eve | 11/15/2022 | 12/01/2022 | Air Transport | |
ALB | Pipe top | 11/07/2022 | 11/14/2022 | Chemical (Diversified) | |
APOG | Head-and-shoulders top | 11/11/2022 | 12/01/2022 | Building Materials | |
ADM | Double Top, Eve and Eve | 11/04/2022 | 11/23/2022 | Food Processing | |
AVY | Head-and-shoulders top | 11/25/2022 | 12/07/2022 | Packaging and Container | |
AVNT | Ugly double bottom | 11/03/2022 | 11/17/2022 | Chemical (Specialty) | |
BMRN | Double Bottom, Adam and Eve | 09/26/2022 | 11/09/2022 | Biotechnology | |
BBW | Flag, high and tight | 09/30/2022 | 12/08/2022 | Retail (Special Lines) | |
BG | Double Top, Eve and Adam | 11/08/2022 | 11/30/2022 | Food Processing | |
CX | Triple top | 11/15/2022 | 12/01/2022 | Cement and Aggregates | |
CVX | Head-and-shoulders top | 11/07/2022 | 11/22/2022 | Petroleum (Integrated) | |
CIEN | Ugly double bottom | 10/13/2022 | 11/09/2022 | Telecom. Equipment | |
CRH | Triple top | 11/15/2022 | 12/01/2022 | Cement and Aggregates | |
DECK | Pipe bottom | 11/07/2022 | 11/14/2022 | Shoe | |
DVN | Head-and-shoulders top | 10/07/2022 | 11/15/2022 | Natural Gas (Diversified) | |
^DJT | Double Top, Adam and Adam | 11/14/2022 | 12/01/2022 | None | |
EMN | Triangle, symmetrical | 11/11/2022 | 12/08/2022 | Chemical (Diversified) | |
EPAM | Pipe bottom | 10/31/2022 | 11/07/2022 | IT Services | |
EQT | Triple top | 11/07/2022 | 11/23/2022 | Natural Gas (Diversified) | |
EL | Ugly double bottom | 11/03/2022 | 11/29/2022 | Toiletries/Cosmetics | |
RE | Diamond top | 11/25/2022 | 12/08/2022 | Insurance (Prop/Casualty) | |
XOM | Triple top | 11/08/2022 | 11/22/2022 | Petroleum (Integrated) | |
EZPW | Dead-cat bounce | 12/07/2022 | 12/07/2022 | Financial Services | |
FFIV | Triple bottom | 10/13/2022 | 11/09/2022 | Internet | |
GS | Double Top, Eve and Eve | 11/15/2022 | 11/25/2022 | Securities Brokerage | |
GOOGL | Ugly double bottom | 11/03/2022 | 11/22/2022 | Internet | |
GFF | Triangle, symmetrical | 11/25/2022 | 12/08/2022 | Building Materials | |
HLIT | Pipe bottom | 11/07/2022 | 11/14/2022 | Telecom. Equipment | |
HELE | Horn bottom | 10/24/2022 | 11/07/2022 | Toiletries/Cosmetics | |
ITW | Triple top | 11/14/2022 | 12/01/2022 | Metal Fabricating | |
IPI | Triangle, descending | 11/14/2022 | 12/08/2022 | Chemical (Diversified) | |
NVTA | Head-and-shoulders top | 11/02/2022 | 12/01/2022 | Medical Services | |
KALU | Pipe top | 11/07/2022 | 11/14/2022 | Metals and Mining (Div.) | |
LZB | Double Top, Adam and Adam | 11/15/2022 | 12/01/2022 | Furn/Home Furnishings | |
MANH | Pipe bottom | 10/31/2022 | 11/07/2022 | IT Services | |
MU | Pipe top | 11/07/2022 | 11/14/2022 | Semiconductor | |
NFLX | Three Rising Valleys | 10/13/2022 | 11/29/2022 | Internet | |
NTAP | Double Top, Adam and Eve | 11/15/2022 | 11/25/2022 | Computers and Peripherals | |
NOC | Pipe bottom | 11/07/2022 | 11/14/2022 | Aerospace/Defense | |
ASGN | Triple top | 11/11/2022 | 12/01/2022 | Human Resources | |
PKE | Pipe top | 11/21/2022 | 11/28/2022 | Chemical (Specialty) | |
PRU | Head-and-shoulders top | 11/02/2022 | 12/01/2022 | Insurance (Life) | |
RGA | Pipe bottom | 11/07/2022 | 11/14/2022 | Insurance (Life) | |
SO | Three Rising Valleys | 10/13/2022 | 11/29/2022 | Electric Utility (East) | |
SWN | Triple top | 11/07/2022 | 11/23/2022 | Natural Gas (Diversified) | |
SUM | Triangle, symmetrical | 11/11/2022 | 12/08/2022 | Cement and Aggregates | |
TDOC | Head-and-shoulders top | 10/27/2022 | 12/01/2022 | Healthcare Information | |
TDC | Pipe bottom | 10/31/2022 | 11/07/2022 | Computer Software and Svcs | |
TKR | Triple top | 11/15/2022 | 12/01/2022 | Metal Fabricating | |
VFC | Triple top | 11/15/2022 | 12/01/2022 | Apparel | |
VEEV | Double Top, Eve and Adam | 11/15/2022 | 12/01/2022 | Healthcare Information | |
VRSN | Three Rising Valleys | 10/13/2022 | 11/30/2022 | Internet | |
WRB | Pipe bottom | 11/07/2022 | 11/14/2022 | Insurance (Prop/Casualty) | |
WSM | Pipe top | 11/07/2022 | 11/14/2022 | Retail (Special Lines) | |
WDAY | Head-and-shoulders bottom | 10/13/2022 | 11/22/2022 | Computer Software and Svcs | |
ZBRA | Ugly double bottom | 11/04/2022 | 11/18/2022 | Computers and Peripherals |
Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.
$ $ $
I show a picture of the Nasdaq composite on the 5-minute scale.
The index is resting on a blue line of support, which I show in the chart. As strong as that support appears, this is the intraday scale, so it's not as robust as one might think (when compared to the daily or weekly scales).
Outlined in red is a symmetrical triangle. According to my book, Encyclopedia of Chart Patterns, 3rd edition (#ad), a symmetrical triangle breaks out upward 60% of the time. That's on the daily scale and that's for a bull market. One can argue that it's an intraday scale in a bear market.
Regardless, the index is going to breakout of the triangle either upward or downward. I doubt if it'll shoot out the apex in a straight line but who knows?
The market might be in a holding pattern, waiting to see what the FED does next week about interest rates. My guess is they'll vote another 3/4% hike, the market will drop on the news, and post a nice recovery the next day. If that scenario plays out, I'll likely be in there buying securities. The recovery over the next few years is going to be tasty.
$ $ $
Here's a symbol list of 100 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, ADTN, ATSG, ALK, DOX, AEP, AEL, APA, ASH, AZTA, BERY, BKNG, BRC, BBW, BLDR, BG, CPB, CF, CIEN, ED, CONN, CCRN, CSGS, DDS, DSGR, DRQ, EPAM, EQT, EZPW, FLS, GPS, HBI, HP, HD, HUBG, IDA, INTC, IVC, KBH, KSS, LZB, LH, LANC, RAMP, MANH, MRO, MCHX, MTRN, MGEE, MLKN, MOS, MUR, NOV, NTGR, JWN, OMCL, OTEX, OUT, PKE, PTEN, PYPL, PG, RJF, RGS, RCKY, ROG, SEE, SWN, SR, SXI, SSYS, TDOC, TXN, TOL, RIG, VRSN, V, IYE, ITB, IGE, EWZ, EIS, EWS, EWT, QLD, IXC, IXN, ILF. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 9,638.91 | ||
Monthly S1 | 10,298.73 | 659.82 | |
Weekly S2 | 10,547.50 | 248.77 | |
Weekly S1 | 10,753.02 | 205.53 | |
Daily S2 | 10,840.47 | 87.45 | |
Daily S1 | 10,899.51 | 59.04 | |
Low | 10,910.62 | 11.11 | Yes! The Low is close to the Daily S1. |
Monthly Pivot | 10,922.75 | 12.13 | Yes! The Monthly Pivot is close to the Low. |
Close | 10,958.55 | 35.80 | |
61.8% Down from Intraday High | 10,959.97 | 1.42 | Yes! The 61.8% Down from Intraday High is close to the Close. |
Open | 10,963.95 | 3.98 | Yes! The Open is close to the 61.8% Down from Intraday High. |
Daily Pivot | 10,969.66 | 5.71 | Yes! The Daily Pivot is close to the Open. |
50% Down from Intraday High | 10,975.21 | 5.55 | Yes! The 50% Down from Intraday High is close to the Daily Pivot. |
38.2% Down from Intraday High | 10,990.46 | 15.24 | |
Daily R1 | 11,028.70 | 38.24 | |
High | 11,039.81 | 11.11 | Yes! The High is close to the Daily R1. |
Daily R2 | 11,098.85 | 59.04 | |
Weekly Pivot | 11,149.90 | 51.05 | |
Weekly R1 | 11,355.42 | 205.53 | |
Monthly R1 | 11,582.57 | 227.15 | |
Weekly R2 | 11,752.30 | 169.73 | |
Monthly R2 | 12,206.59 | 454.29 |
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.
A bearish signal appeared yesterday but it was probably because today's (Tuesday's) drop pulled down yesterday's results. That can happen up to a week (meaning signals can appear or disappear).
It looks like the bearish divergence with the index has taken hold and we'll see the indices drop, perhaps lasting until the FED meeting next week.
The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).
On Tuesday, 53% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).A week ago, it was 51%.The fewest was 24% on 01/04/2022.And the most was 79% on 06/17/2022.
The 450 stocks in my database are down an average of 25% from their yearly high.A week ago, the average was 24%.The peak was 13% on 01/04/2022.And the bottom was 34% on 09/30/2022.
Both lines are worse this week compared to a week ago. They bounced off overhead resistance and now appear headed lower.
Both charts are bearish, too, so I'm looking for the indices to retrace some of their gains. We could see a third bottom form, but I don't see us getting that low. If it does form a 3rd bottom, expect it to take about 1.5 months to get there.
$ $ $
Here's a symbol list of 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ADBE, ATSG, AKAM, DOX, AMGN, APA, AMAT, ATR, AWI, ASH, ADSK, AZTA, BMI, BERY, BIG, BKNG, BOOT, BRC, BFH, CF, CIEN, CLNE, CLX, ED, CR, CSGS, DVN, DRQ, EPAM, EQT, FLS, FORM, FTNT, FRD, GPS, GE, GES, HBI, HAYN, HP, HD, HUBG, IBP, IBKR, IPG, IVC, NVTA, JNJ, K, KMT, KFRC, KLAC, KSS, LZB, LH, LEN, RAMP, LMT, MHO, MANH, MRO, MAS, MRK, MOS, MLI, NOV, NTGR, JWN, NOC, ASGN, OTEX, PKE, PTEN, PYPL, PHM, RES, SLB, SEE, SMTC, SO, SWX, SR, SSYS, TECH, TXN, TKR, RIG, TREX, SLCA, UPS, VFC, V, WSO, WMB, WWW, IYE, IEZ, FXI, IAT, IGE, IHI, EWO, EWH, EIS, EWI, EWM, EWY, EWP, TUR, PXJ, IXC, UNG. Clink 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
$ $ $
I show another slider trading quiz featuring Teradyne: TER 2 stock.
$ $ $
Here's a symbol list of 99 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, AMD, AKAM, AA, AEP, AEL, ABC, ANIK, APA, BCPC, BECN, BERY, BRC, CX, CENX, CF, CLNE, CMTL, ED, COP, CW, XRAY, DVN, DRQ, BOOM, XOM, FDS, FISV, FORM, GES, HAYN, HP, HD, HUBG, INTC, IPG, JAZZ, JBLU, KALU, LH, RAMP, MRO, MCHX, MRTN, MOS, MLI, NBR, NFG, NOV, JWN, OUT, PTEN, PYPL, DGX, ROG, RES, SLB, SAIC, SEIC, SWN, SCS, TEVA, RIG, TZOO, SLCA, VEEV, VMC, WSO, WMB, WWW, IYE, IEZ, IHE, FXI, IAT, IGE, EWO, EIS, EWI, EPP, EWS, EWP, TUR, PBE, PXJ, PJP, XLE, UNG, VIS. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 30,554.76 | ||
Monthly S1 | 32,250.93 | 1,696.17 | |
Weekly S2 | 33,030.39 | 779.46 | |
Monthly Pivot | 33,423.22 | 392.83 | |
Weekly S1 | 33,488.74 | 65.52 | |
Daily S2 | 33,554.29 | 65.55 | |
Daily S1 | 33,750.70 | 196.40 | |
Low | 33,846.81 | 96.11 | |
Close | 33,947.10 | 100.29 | |
61.8% Down from Intraday High | 34,033.58 | 86.48 | |
Weekly Pivot | 34,042.13 | 8.55 | Yes! The Weekly Pivot is close to the 61.8% Down from Intraday High. |
Daily Pivot | 34,043.21 | 1.09 | Yes! The Daily Pivot is close to the Weekly Pivot. |
50% Down from Intraday High | 34,091.27 | 48.05 | Yes! The 50% Down from Intraday High is close to the Daily Pivot. |
38.2% Down from Intraday High | 34,148.96 | 57.69 | |
Daily R1 | 34,239.62 | 90.66 | |
Open | 34,335.73 | 96.11 | |
High | 34,335.73 | 0.00 | Yes! The High is close to the Open. |
Weekly R1 | 34,500.48 | 164.75 | |
Daily R2 | 34,532.13 | 31.65 | Yes! The Daily R2 is close to the Weekly R1. |
Weekly R2 | 35,053.87 | 521.73 | |
Monthly R1 | 35,119.39 | 65.52 | |
Monthly R2 | 36,291.68 | 1,172.29 |
I show the Dow utilities on the daily scale.
At AB appears a double top. The chart pattern has two peaks separated by a valley. A close below the valley means confirmation and a valid chart pattern. Until confirmation happens, you don't have a double top. A close above the tallest peaks of either A or B means the pattern is invalid (before confirmation, that is).
I show confirmation happening at C.
LHR is another chart pattern called a head-and-shoulders bottom. L is the left shoulder, H is the head, and R is the right shoulder. It confirms as a valid chart pattern when the index closes above the right armpit, at D.
A throwback happens at E before a resumption of the upward trend. Notice the strong move upward after E.
Right now, we see the index closing in on overhead resistance (the horizontal red line without a label). The index could stall or reverse there.
$ $ $
I released new research on tax loss selling. When's the best time (of the month) to buy back in after selling?
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.
No options expire this week.
The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.
Index | S2 | S1 | Pivot | R1 | R2 |
Dow Industrials (^DJI): Daily | 33,874 | 34,152 | 34,318 | 34,595 | 34,761 |
Weekly | 33,191 | 33,811 | 34,203 | 34,822 | 35,215 |
Monthly | 30,716 | 32,573 | 33,584 | 35,441 | 36,453 |
S&P500 (^GSPC): Daily | 4,006 | 4,039 | 4,060 | 4,093 | 4,113 |
Weekly | 3,874 | 3,973 | 4,037 | 4,136 | 4,199 |
Monthly | 3,554 | 3,813 | 3,957 | 4,215 | 4,359 |
Nasdaq (^IXIC): Daily | 11,221 | 11,341 | 11,417 | 11,537 | 11,612 |
Weekly | 10,715 | 11,088 | 11,318 | 11,691 | 11,920 |
Monthly | 9,807 | 10,634 | 11,090 | 11,918 | 12,374 |
Here are the formulas:
Earnings season is over.
Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).
Here's a symbol list of 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ALRM, ALB, AA, AEO, ACGL, ATO, AVA, BECN, BERY, BA, BKNG, BG, CBT, CALM, CPB, CE, CENX, CF, CHD, CNA, CL, CMTL, ED, CAG, COST, CRH, CROX, CCRN, CCK, CTS, CW, XRAY, DOV, DRQ, EMN, EMR, EL, FISV, FLS, FMC, FCX, GD, GNW, GILD, GL, GPRO, GES, HE, HAYN, HQY, HL, HSIC, HD, HOV, HUBG, HURC, TILE, IVC, JAZZ, KALU, LH, LDOS, RAMP, LMT, MTSI, M, MCHX, MA, MTRN, MDT, MYGN, NOC, NUS, OMI, OXM, PKG, PKE, PYPL, PETS, PFE, PLXS, PPG, PINC, PG, RGS, RLI, ROST, SLB, SEE, SHW, SR, SUM, TZOO, SLCA, VMC, WERN, ITA, IYM, IYK, IEZ, IHE, FXI, SLV, EWK, ECH, EWQ, EWG, EWH, PPA, PBE, PXJ, PJP, MXI, XLP, XLI, XLB, UNG, VHT, VIS, VAW. Clink this link for details (pattern type, start and end dates).
For a list of small patterns (those a few days wide) click this link.
The below industries were the best (rank 1) or worst performing of those I follow.
|
-- Thomas Bulkowski
Here's the updated 2022 forecast, presented in slider format.
Based on sector performance from Fidelity, the best performing sectors for year-to-date performance as of 11/30/2022 were... (The numbering is how they ranked a month ago.)
The folks at two firms polled by Fidelity weigh the sectors in this order, as of 11/30/22.
Here's how they rank the industries, but only the top 10 appear. One-year change, as of 11/30/22. The numbering is how they ranked a month ago.
$ $ $
Here's a symbol list of 158 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, APD, AKAM, AA, ALL, AYX, AFG, AMWD, ANIK, AON, APOG, ARCB, ADM, ATO, AXS, BERY, BKH, BA, BBW, BG, CLS, CNP, CF, CVX, CSCO, CNA, CTSH, CMCO, ED, CR, CCK, DDS, ^DJU, DRQ, DUK, EFX, RE, FFIV, FDS, FAST, FIS, FISV, FLEX, FORM, FTNT, IT, GE, GNW, GOOGL, GGG, GES, HE, HL, HELE, HNI, HOLX, HD, DHI, HUBG, IEX, ILMN, IBP, IBKR, INTU, IVC, KMB, LH, RAMP, LOW, LXU, MANH, MCHX, MA, MTRN, MTRX, MCO, MS, MOS, NJR, NWL, NEE, NXGN, OLN, OXM, PATK, PDCO, PTEN, PAYX, PETS, PFE, RJF, RNG, ROK, CRM, SIGI, SRE, NOW, SHW, SLGN, LUV, SR, SXI, TECH, TFX, TDC, TJX, TOL, RIG, TZOO, TREX, SLCA, VMC, ITA, IHE, FTEC, QTEC, FXL, SLV, IGE, EWK, EWC, EWG, EWH, EWJ, EWM, EWS, EWP, THD, EWU, PPA, PXJ, ROBO, IEV, GLD, XLK, UNG, VAW. Clink this link for details (pattern type, start and end dates).
For a list of small patterns (those a few days wide) click this link.
$ $ $
Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.
$ $ $
I show a picture of Ethereum (cryptocurrency) on the daily scale.
At B, the currency shows a long region of support or resistance. You can consider this a rectangle bottom. Notice how the currency shot upward after the end of B.
Now, the currency looks to climb to confirmation of a double bottom. Confirmation means the currency needs to close above the highest peak between the two bottoms. I drew the red line incorrectly to show confirmation. The highest spike after the first bottom happens a day later. So the coin would need to close above that level to confirm. If confirmed, look for the coin to rise higher.
Until confirmation, anything can happen. (Well, even after confirmation anything can happen).
$ $ $
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: ANF, AXDX, ACN, AMD, AJRD, AKAM, DOX, AMED, AMN, AVA, BMI, BCPC, BZH, BERY, BIG, BBW, BG, CACI, CPB, CF, CRL, CHKP, CSCO, CLX, CONN, COST, CCRN, CSGS, DHR, DDS, DTE, EXC, FDS, FAST, FIVN, FLEX, FCX, GIS, GNW, GES, HBI, HSY, HD, HUBG, IDXX, INTC, IBKR, IPG, INTU, ISRG, NVTA, JKHY, K, LHX, LH, RAMP, MHO, MRTN, MA, MTRX, MDC, MLKN, NFG, NTAP, OXM, PKE, PRFT, PETS, PFE, PCG, PNW, CRM, SEE, SIGI, SKX, SR, TZOO, TG, VC, WDAY, ZBRA, ITA, ITB, FXI, IGV, SLV, EWO, EEM, EWH, EIS, EPP, EWS, EZA, EWY, EWT, THD, PPA, DBA, PBE, ILF, XLP, UNG, VAW. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 9,844.83 | ||
Monthly S1 | 10,656.41 | 811.59 | |
Daily S2 | 10,799.06 | 142.65 | |
Weekly S2 | 10,916.33 | 117.27 | |
Low | 10,966.53 | 50.20 | |
Open | 10,995.20 | 28.67 | Yes! The Open is close to the Low. |
Monthly Pivot | 11,074.52 | 79.32 | |
Daily S1 | 11,133.53 | 59.01 | |
61.8% Down from Intraday High | 11,158.27 | 24.74 | Yes! The 61.8% Down from Intraday High is close to the Daily S1. |
Weekly S1 | 11,192.17 | 33.90 | Yes! The Weekly S1 is close to the 61.8% Down from Intraday High. |
50% Down from Intraday High | 11,217.50 | 25.33 | Yes! The 50% Down from Intraday High is close to the Weekly S1. |
Weekly Pivot | 11,251.49 | 33.99 | Yes! The Weekly Pivot is close to the 50% Down from Intraday High. |
38.2% Down from Intraday High | 11,276.73 | 25.24 | Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot. |
Daily Pivot | 11,301.00 | 24.27 | Yes! The Daily Pivot is close to the 38.2% Down from Intraday High. |
Close | 11,468.00 | 167.00 | |
High | 11,468.47 | 0.47 | Yes! The High is close to the Close. |
Weekly R1 | 11,527.33 | 58.86 | |
Weekly R2 | 11,586.65 | 59.33 | |
Daily R1 | 11,635.47 | 48.82 | Yes! The Daily R1 is close to the Weekly R2. |
Daily R2 | 11,802.94 | 167.47 | |
Monthly R1 | 11,886.10 | 83.16 | |
Monthly R2 | 12,304.21 | 418.10 |
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 indicator has flipped from neutral to bearish to neutral over three days. It's as if the indicator can't make up its mind.
The indicator is at 53% today (Tuesday, after the close), which is neutral. I do see bearish divergence between the indicator and the index. It suggests the index is going lower. Clearly with the flip to neutral to bearish, it tried but failed to stay bearish.
The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).
On Tuesday, 51% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).A week ago, it was 53%.The fewest was 24% on 01/04/2022.And the most was 79% on 06/17/2022.
The 450 stocks in my database are down an average of 24% from their yearly high.A week ago, the average was 25%.The peak was 13% on 01/04/2022.And the bottom was 34% on 09/30/2022.
Both lines shows improvement, according to the above statistics, but the improvements are minor.
The blue line hugs price and the red line is like the index on steroids. Both lines appear bullish this week (trending upward, that is).
The prior chart is neutral and this one is bullish but approaching overhead resistance. I don't know what will happen in the coming week. My gut tells me the index will rise, but I'm frequently wrong.
$ $ $
Here's a symbol list of 125 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, ADTN, AEIS, ATSG, AYX, AMZN, AEP, AAPL, AMAT, AIZ, ATO, AZTA, BSET, BERY, BMRN, BOOT, BLDR, BG, CE, CLS, CENX, CF, CLX, COST, CCK, EL, RE, EVRG, FFIV, FAST, GL, GES, HBI, HSY, HNI, HD, DHI, HUBG, IBP, IBKR, KBH, KMT, KMB, KLIC, LH, LRCX, LDOS, LEN, RAMP, L, MTRN, MTRX, MU, MSFT, MS, NTGR, NEE, NUS, ORI, OMC, ASGN, OXM, PKE, PATK, PAYX, PINC, PHM, RJF, RGS, RCKY, SWX, TPR, TGT, TER, TEVA, TXN, TOL, TZOO, TG, VLO, VEEV, WRB, WLK, WEX, WSM, WOLF, ZBRA, ITA, IDU, FTEC, QTEC, FXL, FXI, SOXX, SLV, EWO, EEM, EIS, EWW, EPP, EWD, EWT, THD, PPA, PEJ, PHO, ROBO, IXN, SSO, MXI, XLB, SPY, XAR, XLK, XLU, SMH. Clink 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
Support this site! Clicking any of the books (below) takes you to
Amazon.com If you buy ANYTHING while there, they pay for the referral.
Legal notice for paid links: "As an Amazon Associate I earn from qualifying purchases."
My Stock Market Books
|
My Novels
|