As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

Thursday 2/29/24. Bitcoin (BTC-USD)

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 (BTC-USD) on the weekly scale.

I drew the red line at the top of the chart (C) to illustrate that the currency has not made a new all-time high. The high was set in late 2021.

The other two lines, A and B, show cup with handle type patterns. They are not a true cup with handle because they are too wide. CWH should be about a year long or narrower.

That applies to stocks, not crypto, so who cares? After the cups finished their handle, they made a nice move higher. If you were to look at the daily chart, you'd see the enthusiasm for the coin pushing it higher. I expect that to continue.

$ $ $

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: DDD, ADBE, ADTN, A, AMWD, AMGN, APH, APOG, AGO, BALL, BSET, BG, CPB, CRL, CHKP, CL, CXW, COST, CRH, CTS, DHR, EBAY, EME, EVH, EZPW, FDS, FISV, FCX, IT, GIS, GNW, GILD, GS, GFF, THG, HOLX, ILMN, NSP, INTC, JBLU, KBH, LRCX, LANC, RAMP, MGY, MANH, MCHX, MRK, MU, MS, NTAP, NWPX, NTNX, OLN, PKE, PATK, PINC, PEG, PSTG, REGN, RGLD, R, SBH, SAIC, SEIC, NOW, STR, SXI, TZOO, TREX, UGI, VEEV, VC, WAT, WEX, WPM, WWD, XEL, ITA, IAI, IYC, IYE, IHE, IYH, SLV, IGE, EWH, EWS, EZA, EWP, EWT, THD, EWU, PXJ, PJP, XLY, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Wednesday 2/28/24. A Look At Indicators

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

I thought a significant retrace was about to happen. I circled the three areas that gave me the clue. Notice that the signals group before the index drops. That's what I thought would happen at A.

Sigh. It didn't. I'm still waiting for a retrace. It's coming. It may not happen in my lifetime, but I do believe it'll happen.

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).

I drew green lines connecting the two indicators and the index.

Line A is flat (the red line is the more sensitive of the red and blue lines). C tilts downward. And B has a nice rise to it. This spells d-i-v-e-r-g-e-n-c-e to me. Bearish divergence.

However, like the prior chart, there's no telling if it's significant and divergence can continue for months. What I'm saying is that the charts are warning of a downturn, but it's only a warning. Could be a fake warning or it could be wrong with the bullish uptrend continuing.

$ $ $

Here's a symbol list of 134 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, ADBE, AEIS, AFL, ALB, AA, AEO, AIG, AMWD, AME, AMGN, APOG, AAPL, ATR, ADP, AVNT, AXS, AZTA, BSET, BECN, BERY, BIO, BIIB, BAH, BSX, BBW, CF, CRL, CI, CLF, CNX, CGNX, CL, CXW, CW, DHR, DRQ, EMN, EQT, EVH, FFIV, FAST, GES, HBI, HLIT, HE, HSII, HP, HON, INFN, NSP, IIIN, TILE, IPI, INTU, IRM, JBLU, KALU, LRCX, LDOS, LNC, MTSI, M, MANH, MAS, META, MU, MLKN, MCO, MOS, MLI, MUR, NFLX, NTAP, NJR, NEU, NI, JWN, NWPX, NOVT, NTNX, OR, OMI, OXM, PKE, PFE, PPG, PINC, QCOM, RL, ROG, R, SBH, SAIC, SMTC, NOW, STR, SXI, TER, TJX, TOL, TDG, RIG, TRV, TREX, UNH, VFC, MDRX, WAT, WEX, WOLF, IYC, IYE, FXI, IAT, IEV, SLV, IGE, EWA, EWO, EWG, EIS, EWM, EWY, DBA, ROBO, XRT, UNG, 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.

-- Thomas Bulkowski

Tuesday 2/27/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring symmetrical triangles.

$ $ $

Here's a symbol list of 139 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ADTN, AEIS, APD, ALK, AA, DOX, AXP, AMWD, APOG, AAPL, ANET, ATO, ADP, AVNT, BERY, BKNG, BAH, BSX, CACI, CAL, CRL, CI, CTAS, CLX, CNA, CR, CTS, CW, ^DJU, ^DJI, DTE, EXP, EBAY, EIX, ELV, WIRE, EPAM, EFX, EQT, EG, EVRG, EVH, XOM, EZPW, FARO, FIS, FISV, FDP, GME, HBI, HSII, HSY, ILMN, IIIN, IBKR, IPG, INTU, LHX, LOW, LPLA, LXU, MGY, MANH, MA, MRCY, MGEE, MU, MCO, NFLX, NTGR, NJR, NWL, NEE, NWPX, NOVT, OMCL, OMC, OMI, PANW, PCTY, PEN, PETS, POR, PSTG, RL, RJF, RTX, RHI, RCKY, RES, SAIC, SHOP, SKYW, SPSC, TPX, TEVA, TKR, TDG, TZOO, TG, TREX, UHAL, UNH, VECO, WMT, WSO, WSM, WSC, WOLF, XEL, IYC, IDU, SLV, IYF, EWO, EWZ, EWC, EIS, EWI, EWJ, EWW, EWS, EWD, EWL, XLP, XLF, UNG, VHT. 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

Monday 2/26/24. Market Monday: The Week Ahead

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

My Prediction

The Dow has been on a tear since point A in late October (or early November). The mid point of the move from A to B, using a ruler, is the red line.

When, not if, the industrials retrace, it's probably going to take the index down far, perhaps to that red line, C (approximately).

I can already see the chart pattern indicator (not shown) getting nervous about the climb, but those fears have lessened in the last few days.

I still think trouble is coming. According to my 2024 Dow forecast, it could be until May before we see a significant decline.

In the meantime, enjoy the ride. And be sure to carry plenty of bottled oxygen for the climb.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

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

Here's a symbol list of 134 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, AEIS, APD, ALRM, AEP, AEL, AMGN, AAPL, AWI, AGO, BALL, BAX, BECN, BERY, BA, BRC, BCO, BMY, CBT, CDNS, CF, CNA, CNO, CL, CMTL, COST, COTY, CSGS, CTS, DHR, DFS, DSGR, BOOM, EIX, EME, WIRE, EPAM, EVRG, FICO, FARO, FIS, FISV, FTV, FRD, GGG, THG, HLIT, HE, HTLD, HNI, HD, HUM, JBHT, IDXX, IPG, INTU, KBH, KMB, LRCX, LANC, MAN, MCHX, NTGR, NWL, NOC, NWPX, NOVT, OMC, OMI, PAYX, PEN, PINC, PSTG, RGS, RLI, ROP, ROST, RES, CRM, SHOP, STR, SPSC, SXI, SRDX, TECH, TFX, TDC, TER, TXN, TMO, TSCO, TG, UHAL, VC, WAT, WSO, WU, WOLF, IDU, IYH, MXI, SOXX, SLV, IYF, EWK, EWZ, EWC, EWQ, EWI, EWJ, EWW, EWD, PBE, XLF, XHB, XRT, VHT, 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.

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

-- Thomas Bulkowski

Friday 2/23/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 174 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, APD, AKAM, ALK, AYX, AEO, AEL, AME, APH, ADSK, AVY, AVA, BCPC, BZH, BA, BKNG, CDNS, COR, CENX, CF, CRL, CTAS, CNA, CTSH, CL, CSGP, COST, COTY, CRH, CCRN, CTS, D, DTE, EXP, EIX, EME, WIRE, EPAM, EVRG, EXPD, FDS, FICO, FARO, FAST, FDX, FISV, FIVN, GNW, GPRO, GGG, GFF, GES, HBI, HSIC, HOLX, HD, HON, IBP, IPG, ISRG, JBLU, KALU, LZB, LAMR, LEG, MTSI, MCHX, MRTN, MLM, MAS, META, MCO, MLI, NTGR, NWL, NEU, JWN, NWPX, NOVT, OMC, OTEX, PATK, PAYX, PRFT, PFG, PSTG, RMBS, RNG, ROK, ROG, ROP, RGLD, RES, SAIA, SAND, NOW, SHOP, SPLK, SPSC, SXI, SUM, SNPS, TGT, TDOC, TDY, TFX, TXT, TG, TREX, UHAL, UPS, VMI, VECO, VMC, WRB, WSO, WERN, WPM, ZBRA, IYC, IYE, FXL, BOTZ, ICF, IEV, IXC, ILF, SOXX, SLV, IYF, EWA, EWK, EWZ, EWC, EEM, EWQ, EWG, EWI, EWJ, EPP, EWY, EWD, THD, QLD, PHO, ROBO, XLE, XLF, XLI, XLK, 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.

$ $ $

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

Thursday 2/22/24. Intraday Market Direction: Nasdaq

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.

Peaks AB show a pattern called a double top (two similar peaks) or even a triple top (three similar peaks). The pattern confirms as valid when the index closes below the green line at C. I drew the line connecting the lowest valley between peaks A and B.

Recently, the index formed a down-sloping channel, which I show here in red. The breakout from the channel was upward, suggesting a higher close will come tomorrow (but the start could be bumpy with a retrace of the strong move up in the last hour of today's session).

$ $ $

Here's a symbol list of 165 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, APD, ALKS, AR, ATR, ARCB, ADSK, AVA, AXS, BMI, BA, BFH, BRKR, CDNS, CDAY, CNA, CNX, CL, CCRN, CTS, DHR, XRAY, ^DJI, D, BOOM, EBAY, EIX, WIRE, EPAM, EQT, EG, EVRG, EXC, FICO, FARO, FIS, FTNT, GME, GE, GNW, GES, HBI, HAYN, HOLX, DHI, HUBG, IDA, IBP, ITGR, IPG, JAZZ, KMT, KEYS, LZB, LDOS, LLY, RAMP, MGY, MRO, MCHX, MTRN, META, MCO, MLI, NTGR, NTAP, NWL, NWPX, NOVT, NTNX, NVDA, OMC, OTEX, PANW, PAYX, PRFT, PETS, PFG, PSTG, RRC, RNG, ROP, RGLD, RES, SAIA, SCHW, SAIC, SCI, NOW, SHOP, SLGN, SMAR, LUV, SWN, SPLK, SPSC, SSYS, SUM, SNPS, TPR, TECH, TDOC, TDY, TG, UHAL, SLCA, UIS, WAT, WSO, WERN, WPM, WOLF, WWW, WWD, ITA, IYM, IAI, IYE, IHE, QTEC, FXL, FXI, IEV, IGV, IXC, EWO, EWZ, ECH, EEM, EWQ, EWG, EWH, EIS, EWI, EWP, EWD, EWL, QLD, IBB, PPA, DBA, PBE, XLE, XLB. 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

Wednesday 2/21/24. A Look At Indicators

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 chart shows the CPI has entered the neutral zone, not bullish nor bearish. It's transitioning from bullish, so that's a warning that it's getting weaker. It could drop into bearish territory in the coming days or weeks.

However, if you look at the chart, signal changes that come in wide groups (meaning a number of changes in a short time) signal a top. That happened in late July/early August and October. The narrower changes (one to three bars wide), like those in May and June, didn't signal a lasting trend change.

If that analysis is correct, then we're looking at a whopper of a drop coming.

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).

The blue line is weaker this week compared to a week ago, but the red line (the more sensitive of the two) shows no change.

The prior chart warns of a significant drop coming, but this chart is neutral. I'd like to say that one of them is wrong, but both could be wrong.

$ $ $

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: MMM, ADBE, ADTN, ALK, ALB, AYX, AEP, AFG, AMN, AON, AAPL, ACGL, ANET, AWI, AVNT, BRC, BFH, BCO, CNC, CNP, CIEN, CLX, CGNX, CL, CSGP, COST, CR, DFS, EXP, ELV, WIRE, EQT, EXPI, EXPD, FE, FISV, FLEX, GPN, GL, GGG, GES, THG, HL, IDA, PODD, ISRG, IRM, KMB, KSS, LLY, RAMP, MHO, MAN, MU, MYGN, NTGR, NTAP, NWL, OXY, ORI, ORCL, OR, OUT, PAYX, QTWO, QCOM, RNG, RCKY, ROST, CRM, SEE, SEIC, SIGI, SMTC, NOW, SMAR, SWN, TXT, TOL, TRV, TG, UNM, VFC, VLO, VMI, WMT, WERN, WPM, WMB, WOLF, WDAY, IHE, BOTZ, QQQ, IYH, IEV, MXI, IEO, EWO, EWK, EWZ, EEM, EWQ, EWG, EIS, EWI, EWM, EWS, EWD, QLD, XLV, USO, 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

Tuesday 2/20/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Pipe tops.

$ $ $

Here's a symbol list of 122 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, DOX, AMN, AMAT, ACGL, BIO, BRKR, CX, COR, CNC, CF, CRL, CIEN, CMTL, COST, CRH, CCRN, CSGS, FANG, BOOM, EXP, EG, EZPW, FDX, FIS, FIVN, FLEX, FLS, FORM, FCX, GOOGL, GGG, GES, THG, HUBG, ITGR, KMB, KLIC, LH, LRCX, LLY, MANH, MRO, MRTN, MA, MU, MOS, ^IXIC, NTAP, ORI, PXD, QCOM, RGA, RNG, RLI, ROL, RES, SAIA, CRM, SAIC, SEIC, SIGI, SMAR, SCCO, SWN, TDOC, TTD, TKR, TDG, TWLO, VLO, VRTX, VMC, WSM, WOLF, WWW, WDAY, IYC, IYE, QTEC, FXI, BOTZ, QQQ, IYZ, IEV, IGV, IXC, MXI, ILF, IYF, EWO, EWC, EEM, EWQ, EWG, EWM, EWS, EZA, EWY, EWD, EWU, QLD, PJP, XLE, XLB, 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 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

Friday 2/16/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 165 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AMD, AKAM, ALK, ALKS, AYX, AR, ATR, AVY, AZTA, BMI, BAX, CBT, CDNS, CNC, CF, CRL, CVX, CHD, CR, CRH, CROX, CSGS, CTS, ^DJI, BOOM, EMN, XOM, EZPW, FIS, FISV, FLEX, FLS, FORM, FTV, GPS, GOOGL, GPRO, GGG, HTLD, HELE, HP, HNI, HUBG, HUN, IPI, INTU, JAZZ, KELYA, KLIC, LNC, LMT, LXU, MANH, MAN, MRO, MCHX, MLM, MTRN, MGEE, MLKN, MUR, NBR, NWL, NUS, OUT, PCTY, PEN, PFE, PNW, PXD, QTWO, KWR, QCOM, RJF, ROG, RES, R, SAIA, SBH, SMG, NOW, STR, SMAR, SWN, SPLK, SXI, SCS, SUM, TPR, TDOC, TPX, TDC, TXN, TTD, TSCO, TG, TWLO, SLCA, UIS, VMI, MDRX, VRSN, WERN, WEX, WMB, WOLF, WWW, ZBRA, IYK, IYC, IYE, IEZ, IHE, BOTZ, IHF, IEV, IXC, IGE, IYF, EWA, EWC, EWQ, EWG, EIS, EWI, EWJ, EPP, EWS, EWP, EWD, EWL, TUR, PPA, PXJ, PJP, PHO, XLP, XLE, XLF, XRT, VHT. 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

Thursday 2/15/24. A Look at Ethereum (ETH-USD). Going Higher

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 cryptocurrency Ethereum (ETH-USD) found support at the horizontal red line A. At B, the currency pushed above resistance setup by the prior peak. This might be the end of the upward run, when it forms a 2B patterns (where the second peak sneaks above the first one but then reverses).

My feeling, and it's just a guess, is that the pattern will resemble the red line in the inset.

From the October low, price moved up to A, it's gone horizontal, and then is making another uphill run. So I'm expecting the uphill run to last longer.

$ $ $

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: DDD, ATSG, AKAM, AEL, AIG, AME, AON, AAPL, AVA, BALL, BAX, BIIB, BMRN, BR, CPB, CE, CX, CNC, CENX, CRL, CNX, CMCO, CMTL, GLW, CR, CCK, CSGS, CTS, CMI, ^DJT, BOOM, EMR, FDX, FIS, FIVN, FLEX, FORM, FNV, FRD, GE, GNW, GL, GGG, HNI, HWM, HUBG, HUM, HUN, HURC, INFN, NSP, IIIN, IPAR, INTU, JNJ, KEYS, KFRC, KLIC, LLY, MTSI, MAN, MCHX, MLM, MTRN, MTRX, MU, MLKN, MCO, NOV, NFLX, NTAP, NOVT, OMCL, PRFT, PXD, QTWO, KWR, QCOM, RNG, RHI, ROL, R, SMG, SMTC, LUV, SWN, SXI, SCS, SSYS, TPR, TRGP, TDOC, TXN, TMO, TKR, TDG, TRV, TG, WMT, WU, WPM, WWD, IYM, IAI, IEV, IXC, MXI, EWA, EWO, EWC, ECH, EEM, EWI, EWM, EPP, EWS, EZA, EWY, EWP, EWD, EWT, EWU, PJP, XLE, UNG, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Wednesday 2/14/24. A Look At Indicators

Market dips are beautiful things!

I don't usually discuss my market trading, but I bought some QQQs late in the trading session. I caught the Nasdaq ETF (at $425 and change) before it turned higher going into the close, so I'm pleased. I've been waiting for a retrace to spend some cash, and I finally found it. I expect a snap-back rally tomorrow (2/14). If it doesn't recover, I'm not worried. This is a long-term holding, one I consider a buy-and-hold forever thing.

If you look at the forecast here, this is the drop in February that the chart shows forecasted to be early in February, not midway. Regardless of the timing, I'll take it.

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 CPI turned bearish today, due to the big sell off on news that inflation was lower than last month, but above predictions. In other words, it was good news but not superb news. As I wrote above, I expect a snap-back rally.

The chart is bearish, but I expect the red bar on the far right of the chart to disappear if we see a big rally. Signals can change for up to a 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).

The red and blue lines show no change from a week ago. So the chart is neutral.

The prior chart says it's bearish, but I don't believe it. This chart is neutral, but has bearish divergence (today's reading is below the December peak and price on the bar chart is much higher today than in December).

I think the markets will make a nice recovery to erase this dip. However, I could be wrong... The Nasdaq forecast says we'll recover going into March but then fade to mid May.

$ $ $

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: DDD, MMM, ACIW, AFL, AAPL, ANET, AGO, ATO, ADP, AXS, BAX, BIG, BMRN, BR, CDNS, CPB, CNC, CENX, CHKP, CVX, CTAS, CNA, CNO, CNX, CTSH, ED, CONN, CSGP, CCK, CSGS, CW, BOOM, ECL, EOG, EXPI, EXPD, FDS, FDX, FIVN, FORM, FCX, FRD, GNW, GL, GPRO, HTLD, HL, DHI, HUBG, NSP, IBKR, JBLU, KFRC, KMB, KLIC, LHX, LAMR, LDOS, LLY, RAMP, LMT, LPLA, MCHX, MA, MU, NI, NOC, OLN, OTEX, ORCL, OUT, PETS, PXD, PPG, PGR, QTWO, QCOM, RGS, RGA, RNG, RLI, ROP, RGLD, CRM, SMG, SMTC, SCI, NOW, SHOP, SMAR, SCCO, SPLK, SNPS, TDOC, TDC, TER, TXN, TDG, TG, TWLO, VRSN, WMT, WAT, WPM, WMB, ZBRA, ICF, IGV, IXC, SLV, EWZ, EWG, EIS, EWJ, EWW, EZA, EWL, EWU, PJP, XLE, GLD, 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.

-- Thomas Bulkowski

Tuesday 2/13/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Flags.

$ $ $

Here's a symbol list of 161 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ABM, AXDX, AES, ALRM, ALK, AYX, AEE, AEP, AIG, AMWD, APOG, ADM, ANET, ASH, AIZ, BSET, BAX, BIG, BMRN, CACI, CDNS, CE, CNC, CENX, CIEN, CTSH, CMTL, COP, COST, CROX, CSGS, XRAY, FANG, ^DJI, D, ECL, WIRE, EQT, FICO, FIS, FE, FLS, IT, GPN, GL, GS, HIG, HE, HAYN, HELE, HD, HON, IDA, IPAR, JKHY, JBLU, KALU, K, KSS, LZB, LANC, LEN, LNC, L, LOW, LXU, MANH, MCHX, MLM, MTRN, MLKN, MYGN, NTGR, NWL, NEE, JWN, NOC, NWPX, NUS, OGE, OLN, OMC, ASGN, OR, PKE, PLXS, PPG, PINC, PFG, PGR, QTWO, KWR, RJF, RNG, SBH, SLB, SEIC, SCI, NOW, SHOP, LUV, SR, SPLK, SXI, SNPS, TDC, TXN, TTD, TMO, TOL, RIG, VRSN, VMC, WRB, WWW, ITA, IYM, IYC, ITB, IEZ, IHE, DDM, FXL, IYZ, IGV, ILF, SOXX, EEM, EWG, EWH, EWI, EWS, EWY, EWD, TUR, PEJ, PXJ, PJP, XLV, XHB, XLB, XRT, XAR, XLU, USO, VHT, 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 Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Monday 2/12/24. Market Monday: The Week Ahead

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

My Prediction

I show the Dow transports on the daily scale, but there's not much to discuss.

I drew red trendline A connecting the recent bottoms. The line supports the index.

The green line I drew because I wanted to show that the index has climbed above it, at B. It has not moved much higher, of course. It could form a 2B top and reverse.

A 2B pattern is when a second peak moves slightly above the first one before reversing. The drop that follows isn't usually significant before a recovery happens.

I think the chart is bullish, so I'm expecting more of an upward move in the coming week.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

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

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

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

Here's a symbol list of 151 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AXDX, ACIW, ALRM, AA, AYX, AMWD, AMN, APOG, AMAT, AVY, AXS, BSET, BAX, CACI, CDNS, CPB, CENX, CVX, CLNE, CTSH, CL, CAG, CONN, COP, CXW, COST, CRH, CROX, ^DJI, DRQ, ECL, EOG, EFX, EXPD, XOM, EZPW, FFIV, FICO, FARO, FIVN, FLS, FMC, FTV, FNV, FCX, GME, GGG, GES, HELE, HWM, ILMN, IPAR, INTU, KALU, KMT, KSS, LRCX, LEG, LXU, MCHX, MTRN, MTRX, MDC, MDT, META, MSFT, MCO, MYGN, ^IXIC, NTGR, NWPX, NUS, OXY, OLN, OMC, PKE, PEN, PRFT, PETS, PSTG, RNG, RLI, RGLD, R, SAND, SLB, SMG, NOW, LUV, SWX, SPLK, SPSC, SXI, SSYS, TDY, TTD, TJX, TSCO, TDG, RIG, TRV, UIS, VMI, VRSN, VC, WMB, WSM, IYC, IYE, ITB, IEZ, IHE, FTEC, FDN, QTEC, FXL, BOTZ, IYZ, IEV, IGV, IXC, SOXX, IGE, IEO, EIS, EZA, EWY, EWL, PXJ, PJP, ROBO, XLE, XHB, XLK, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 2/9/24. Pattern Trading Setups for the Weekend.

I released the 2024 forecast for five market indices: Dow industrials, transports, utilities, S&P 500 and Nasdaq.

$ $ $

Here's a symbol list of 140 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, ACIW, ALL, AYX, AEP, AIG, AME, AMN, AON, BAX, BERY, BMRN, BKNG, BAH, BG, CACI, CENX, CVX, CNX, CL, ED, CAG, COST, COTY, CCRN, XRAY, DDS, ^DJT, DRQ, EVRG, FDS, FICO, FLEX, FLS, FMC, GILD, GPRO, GGG, GES, HELE, HSIC, HSY, HD, IIIN, IPAR, JNJ, KALU, K, KELYA, KFRC, KLAC, KSS, LXU, MGY, MAS, MTRN, MDC, MSFT, NTGR, NJR, NEE, NI, JWN, NWPX, NUS, OLN, OMI, PKG, PKE, PEN, PNW, POR, PPL, QCOM, RL, REGN, RNG, ROL, ROST, SAIA, SLB, SPLK, SXI, SSYS, SNPS, TPR, TDOC, TTD, TMO, TDG, RIG, UHAL, SLCA, UIS, VMI, V, VMC, WMB, WOLF, WWW, ITA, IYC, IYE, ITB, IEZ, FTEC, FXL, ICF, IYZ, IXC, IXN, SOXX, EWO, EWI, EWM, EWW, PXJ, PJP, XLE, XHB, XLK, USO, SMH, 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.

$ $ $

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

Thursday 2/8/24. Intraday Market Direction: Nasdaq

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.

There's not much to say about this chart. I drew two trendlines. The first is the red one that starts by showing support on Thursday but runs into trouble when the index falls below it on Tuesday. Support has turned into resistance. You can see resistance at A where the index touches the line and bounces off.

The second one is the green trendline. I drew this connecting the Tuesday peak on the left to the right, just to see where the peaks Friday to Tuesday line up. On Wednesday, the market gaps open higher, skipping right over the green line.

$ $ $

Here's a symbol list of 183 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACIW, AEIS, AES, ALRM, AYX, DOX, AWI, ARW, ATO, ADSK, AVY, AZTA, BAX, BERY, BIIB, BKH, BKNG, BOOT, BRC, BR, BRKR, BLDR, CACI, CPB, CENX, CTAS, CNX, CMCO, CAG, COST, COTY, CCRN, CMI, DDS, ^DJI, D, DRQ, DTE, EXP, ECL, ELV, EME, EVRG, FARO, FAST, FLS, FORM, FWRD, GD, GILD, GPRO, GGG, GFF, THG, HLIT, HTLD, HSIC, HWM, IDA, IBP, IPAR, IPG, IRM, JAZZ, JBLU, KALU, K, KELYA, KSS, LZB, LXU, MGY, MAN, MCHX, MLM, MAS, MDC, MRCY, MCO, MOS, NBR, NWL, NKE, JWN, NOC, NOVT, NUS, OLN, OMCL, OMC, OUT, PKG, PANW, PKE, PRFT, PNW, RMBS, RNG, RHI, RCKY, ^GSPC, SLB, STR, SO, SR, SCS, TPR, TECH, TEVA, TMO, TJX, TDG, RIG, TG, TREX, UHAL, UIS, UNH, UNM, VFC, VMI, VC, VMC, WU, WMB, WWW, WDAY, XEL, IYM, IYC, IEZ, DDM, IYH, IHF, IAT, IYZ, MXI, SLV, EWO, EWK, EIS, EWY, EWP, TUR, IBB, PPA, DBA, PBE, PXJ, PJP, SSO, XLY, XHB, XLI, XLB, SPY, UNG, USO, 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

Wednesday 2/7/24. A Look At Indicators

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 CPI turned bearish three trading days ago, suggesting but not guaranteeing that the indicator won't change. It can change for up to a week but is usually stable after 3 days. That happens if the market were to make a big move (up in this case).

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).

Both the red and blue lines are more bearish today than they were a week ago. Both lines looked like they peaked in December and have been sliding lower since.

Both charts are hinting or outright yelling that this upward trend is losing steam. Does that mean a reversal is imminent? No.

This is the first time I've noticed that the above chart shows a meaningful result (usually the two lines follow the market index). It shows divergence between price action and the indicators. Translation: I'd be careful going forward. The markets might drop. It could shoot upward, but there's underlying weakness building.

$ $ $

Here's a symbol list of 140 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AXDX, ACIW, APD, ATSG, ALRM, AME, ANIK, AON, AAPL, BAX, BBY, BIO, BAH, BCO, BMY, BBW, CBT, CDNS, CNC, CENX, CNX, CTSH, CCRN, CCK, CTS, DDS, EG, FFIV, FE, FLS, FMC, FORM, FWRD, FRD, GNW, GS, HLIT, HIG, HE, HELE, DHI, HUN, IPAR, TILE, INTU, JBLU, KALU, KELYA, KFRC, KLAC, KSS, LRCX, RAMP, LXU, MHO, MGY, MCHX, MA, MTRX, MGEE, NBR, NJR, NWL, JWN, NUS, NVDA, OLN, ORCL, OR, OMI, PKG, PANW, PKE, PATK, PDCO, PTEN, PEN, PPG, PINC, PFG, RMBS, RNG, ROK, ROST, SLB, SAIC, SMG, NOW, STR, SCCO, SUM, SNPS, TECH, TEVA, TOL, RIG, TG, UIS, UPS, VFC, MDRX, IYC, IEZ, IHE, FXI, IYZ, IGV, SOXX, EWK, EEM, EWG, EIS, EWP, EWT, THD, TUR, PBE, PEJ, PXJ, PJP, XLY, XLF, XRT, UNG, USO, SMH, 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

Tuesday 2/6/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Diamond bottom.

$ $ $

Here's a symbol list of 120 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, APD, ATSG, ALK, AA, AMN, ANIK, AON, BMI, BAX, BKH, BAH, BMY, BBW, CBT, CALM, CLS, CHKP, CONN, COTY, CCRN, CCK, CSGS, XRAY, DVN, DFS, EL, FNV, FCX, GNW, GFS, GOOGL, GPRO, HBI, HAYN, HL, HNI, HON, HOV, HURC, IDXX, IIIN, IPAR, NVTA, JNJ, KELYA, LLY, LMT, LPLA, MCHX, MTDR, MTRX, MGEE, MU, NWL, NEE, NWPX, NVDA, OXY, OLN, OTEX, ORCL, OUT, PDCO, PTEN, PINC, RTX, REGN, RNG, RLI, RCKY, RGLD, RES, SAND, SMG, SCCO, SCS, TG, SLCA, UNM, VLO, WEX, WOLF, WWD, IYM, IEZ, IHE, ICF, IYZ, IGV, EWO, EWG, EPP, EWS, EZA, EWU, PXJ, PJP, GLD, XAR, 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 Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Monday 2/5/24. Market Monday: The Week Ahead

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

My Prediction

I show the Dow utilities on the daily scale.

There's not much to say about the chart.

One could argue that there's a measured move down chart pattern forming at ABCD.

The thinking with this pattern is that the CD leg will equal the length and duration of leg AB. What I like about this pattern is that when it completes, the index often returns to the corrective phase, BC.

So you can expect a retrace and trade accordingly. Just remember that the ABCD pattern has to complete first.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

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

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: DDD, ACIW, AFL, AA, ALL, AMZN, AON, ACGL, ANET, AGO, ADSK, BAX, BZH, BOOT, BSX, BMY, CBT, CVX, CI, CINF, CLNE, CLX, CONN, COP, CCK, CSGS, DECK, XRAY, DFS, EL, FDS, FCX, FRD, GILD, GL, GS, GGG, HBI, HIG, HAYN, HOV, IIIN, IPAR, IBKR, INTU, JKHY, JBLU, JNJ, LZB, MGY, MCHX, MKTX, MDC, META, MS, NVDA, OXY, OTEX, ORCL, OUT, PGR, REGN, RLI, ^GSPC, SMG, SEIC, SHOP, SSYS, TDOC, RIG, TZOO, TREX, VMC, WOLF, WWW, WWD, IYC, IHE, FDN, FXI, ICF, IAT, EWO, ECH, EWH, EWS, EZA, EWY, EWU, PBE, PJP, SSO, XHB, SPY, USO, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 2/2/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 156 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ADTN, AFL, ALK, AA, DOX, AEP, AXP, AFG, AON, APA, ANET, ARW, ADP, AVA, BAX, BERY, BIG, BIIB, BKH, BMY, BR, BG, CBT, CPB, CX, CNP, CINF, CSCO, CLX, CNA, CNO, CL, ED, CAG, CONN, COP, GLW, COST, CCRN, CCK, CSGS, CTS, DVN, DFS, D, DTE, ELV, EOG, EL, EVRG, EZPW, FDS, FICO, FE, FLEX, FORM, FCX, FDP, GNW, GL, GOOGL, GPRO, HBI, HLIT, HE, HSY, HNI, HOV, HUBG, HUN, IDA, IDXX, ITW, IIIN, IPI, IRM, JNJ, K, KLIC, L, MGY, MTRX, MCO, NBR, ^IXIC, NTGR, NEU, NEE, OGE, ORCL, OR, OUT, PLXS, POR, PPL, PFG, PG, PRU, PEG, QCOM, RNG, RLI, ROL, SAIA, SBH, SEIC, SHOP, SMAR, SO, SR, SSYS, SRDX, TGT, TER, TEVA, TTD, TREX, TWLO, UGI, WOLF, XEL, IDU, FDN, FXL, BOTZ, ICF, IHF, IAT, IGV, IXN, ILF, EWI, EWJ, EWS, EZA, EWY, EWD, EWT, THD, TUR, PJP, GLD, XRT, XAR, XLU, MGK. 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

Thursday 2/1/24. Market Forecast Update

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Here's the updated 2024 market forecast, presented in slider format.

$ $ $

Here's a symbol list of 238 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AFL, A, ALB, AA, ALL, AMED, AEE, AFG, AMWD, AME, AON, APA, APOG, AAPL, ATR, ARCB, ARW, ASH, AIZ, AGO, BCPC, BAX, BECN, BERY, BIO, BAH, BSX, BRC, BR, CBT, CE, CNC, CENX, CF, CRL, CHKP, CVX, CHD, CINF, CNA, CNO, CTSH, CMCO, CAG, CONN, COP, GLW, CCK, CSGS, DHR, DVN, FANG, DFS, DSGR, ^DJU, EMN, ECL, EMR, EOG, EQT, EL, EG, EXC, EXPD, FDS, FIS, FE, FISV, FLS, FMC, FORM, FTV, FCX, FDP, GME, GD, GNW, GL, GMS, GFF, HBI, HE, HAYN, HQY, HNI, HOLX, HD, HOV, HUBG, JBHT, IDXX, ITW, ILMN, IIIN, ITGR, TILE, IPI, IRM, JKHY, K, KMT, KMB, KLIC, LHX, LH, LEG, LDOS, LLY, LMT, L, MGY, MANH, MKTX, MRTN, MA, MTDR, MTRN, MTRX, MRK, MSFT, NBR, NFG, NOV, NEU, NI, NWPX, OR, POR, PPG, PINC, KWR, RL, REGN, RGA, RLI, RHI, ROK, ROL, R, SBH, SLB, SMG, SEE, SIGI, SCCO, SWX, SPSC, SXI, SSYS, TRGP, TER, TXT, TJX, TSCO, TRV, TZOO, TG, UHAL, SLCA, UPS, UNM, WMT, WAT, WERN, WU, WLK, WEX, WMB, WWD, ZBRA, IYM, IEZ, IHE, IDU, DDM, ICF, IYH, IEV, IXC, MXI, IXN, IGE, IHI, EWA, EWO, EWK, EWC, EWQ, EWI, EPP, EZA, EWD, EWU, PPA, PJP, PHO, GLD, XLV, XLB, 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.

$ $ $

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

 

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