Bulkowski's Blog: ThePatternSite.com
As of 06/13/2025
  Indus: 42,198 -769.83 -1.8%  
  Trans: 14,686 -224.99 -1.5%  
  Utils: 1,037 -6.25 -0.6%  
  Nasdaq: 19,407 -255.65 -1.3%  
  S&P 500: 5,977 -68.29 -1.1%  
YTD
-0.8%  
-7.6%  
 +5.5%  
 +0.5%  
 +1.6%  
  Targets    Overview: 06/13/2025  
  Up arrow44,000 or 41,200 by 07/01/2025
  Up arrow16,000 or 14,500 by 07/01/2025
  Up arrow1,080 or 1,010 by 07/01/2025
  Up arrow20,500 or 19,000 by 07/01/2025
  Up arrow6,150 or 5,850 by 07/01/2025
As of 06/13/2025
  Indus: 42,198 -769.83 -1.8%  
  Trans: 14,686 -224.99 -1.5%  
  Utils: 1,037 -6.25 -0.6%  
  Nasdaq: 19,407 -255.65 -1.3%  
  S&P 500: 5,977 -68.29 -1.1%  
YTD
-0.8%  
-7.6%  
 +5.5%  
 +0.5%  
 +1.6%  
  Targets    Overview: 06/13/2025  
  Up arrow44,000 or 41,200 by 07/01/2025
  Up arrow16,000 or 14,500 by 07/01/2025
  Up arrow1,080 or 1,010 by 07/01/2025
  Up arrow20,500 or 19,000 by 07/01/2025
  Up arrow6,150 or 5,850 by 07/01/2025

June 2025 Headlines

Archives


Monday 6/16/25. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

I show the Dow utilities on the weekly scale to give recent action more context.

Last year, we see a broadening top chart pattern, outlined here in red. The pattern had a downward breakout but the index didn't drop too far.

From the start of this year, the index has climbed but struggled to do so.

Recently, we've seen the opposite of a broadening top, that of a symmetrical triangle.

The breakout direction is unknown, but given that price was climbing into the pattern, we can assume it'll breakout upward. That's not true often, so don't bank on it.

Top

A Brief Look Back

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

Monday: Down 1.11 points.
Tuesday: Up 105.11 points.
Wednesday: Down 1.1 points.
Thursday: Up 101.85 points.
Friday: Down 769.83 points.

For the Week...

The Dow industrials were down 565.08 points or 1.3%.
The Nasdaq composite was down 123.12 points or 0.6%.
The S&P 500 index was down 23.39 points or 0.4%.

Year to Date...

Dow Industrials
     6.3% down from the high of 45,054.36 on 01/31/2025.
     15.3% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     3.5% down from the high of 20,118.61 on 01/24/2025.
     31.3% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     2.8% down from the high of 6,147.43 on 02/19/2025.
     23.6% up from the low of 4,835.04 on 04/07/2025.

Options Expiration

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

Top

Swing Traders: Pivot Points

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

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  41,772  41,985  42,294  42,506  42,815 
Weekly  41,430  41,814  42,465  42,849  43,499 
Monthly  40,190  41,194  42,155  43,159  44,120 
S&P500 (^GSPC): Daily  5,926  5,951  5,989  6,014  6,052 
Weekly  5,904  5,940  6,000  6,037  6,096 
Monthly  5,478  5,728  5,894  6,143  6,309 
Nasdaq (^IXIC): Daily  19,231  19,319  19,455  19,543  19,680 
Weekly  19,092  19,249  19,525  19,682  19,958 
Monthly  17,074  18,240  19,020  20,187  20,967 

Here are the formulas:

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

Top

Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 132 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AYI, ADBE, APD, AEE, AXP, ANIK, APA, AAPL, ASH, AVA, AZTA, BKNG, BG, CAL, CDAY, CF, CAG, COP, CXW, DECK, XRAY, DVN, FANG, D, BOOM, EMN, EOG, XOM, EZPW, FDX, FIS, FIVN, GME, GAP, GD, GE, GPN, GES, HBI, HOV, HUBG, JBLU, KEYS, KFRC, LHX, LZB, LH, RAMP, LXU, M, MKTX, MTDR, MTRN, MLKN, MUR, NTGR, NEE, NOC, OXY, OGE, OLN, OXM, PATK, PTEN, PCTY, PFE, PPG, PPL, PINC, PSTG, RTX, RNG, RGLD, RES, CRM, SBH, SAIC, NOW, SKYW, SR, SSYS, SRDX, TRGP, TDOC, TDC, TTD, TJX, TZOO, VFC, VC, WDAY, IYE, FDN, FXI, IYH, IAT, IXC, IGE, IEO, EWA, EIS, EPP, TUR, DBA, PBE, PEJ, PXJ, XLE, GLD, XLV, XRT, USO. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Metals and Mining (Div.)1. Internet
2. Semiconductor Cap Equip.2. Metals and Mining (Div.)
3. Aerospace/Defense3. Investment Co. (Foreign)
4. Investment Co. (Foreign)4. Aerospace/Defense
5. Natural Gas (Diversified)5. Financial Services
6. Electric Utility (Central)6. Semiconductor Cap Equip.
7. Internet7. Securities Brokerage
8. Electric Utility (East)8. Healthcare Information
9. Drug9. Electric Utility (Central)
10. Securities Brokerage10. Chemical (Specialty)
Best Performing AboveWorst Performing Below
50. Chemical (Basic)50. Air Transport
51. Computers and Peripherals51. Retail Building Supply
52. Building Materials52. Chemical (Basic)
53. Toiletries/Cosmetics53. Toiletries/Cosmetics
54. Air Transport54. Shoe
55. Shoe55. Building Materials
56. Oilfield Svcs/Equipment56. Advertising
57. Homebuilding57. Human Resources
58. Advertising58. Homebuilding
59. Human Resources59. Oilfield Svcs/Equipment
60. Trucking/Transp. Leasing60. Trucking/Transp. Leasing

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

Top


Friday 6/13/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 154 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AFL, AKAM, ALGT, AFG, APOG, AMAT, ATR, ADM, BZH, BBY, BIO, BIIB, BSX, CAL, CDAY, CRL, CIEN, CLNE, CLF, GLW, CSGP, CR, CSGS, CTS, DECK, XRAY, FANG, ^DJT, ^DJI, BOOM, EMN, EPAM, EG, EVH, EXPI, EZPW, FIVN, FWRD, GME, GD, GFF, HELE, HSY, HNI, HOLX, HOV, HUBG, HURC, IEX, IDXX, ITW, IBP, ITGR, JAZZ, KALU, K, KEYS, KSS, LZB, LH, LRCX, RAMP, M, MKTX, MRTN, MAS, MRK, META, MLKN, NTGR, NWL, NI, NOC, NOVT, NVDA, ASGN, OTEX, ORCL, OUT, PKE, PATK, PCTY, PYPL, PETS, PFE, PPG, PINC, PSTG, DGX, RHI, R, SIGI, SCI, SLGN, LUV, SWX, SCS, SRDX, TFX, TER, TEVA, TXN, TKR, TJX, TSCO, UGI, VMI, VECO, VEEV, VC, WMT, WSC, WOLF, ZBRA, IYE, IHE, DDM, FTEC, FXL, BOTZ, IYH, IAT, IEV, IXC, IXN, IGE, EEM, EWQ, EIS, EWM, EPP, EWS, EWY, EWP, EWL, EWT, TUR, EWU, PHO, XLE, XLV, XLK, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Top

 

 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ABMDouble Top, Eve and Eve      05/19/202506/04/2025Industrial Services
ACIWDouble Bottom, Eve and Eve      05/21/202506/02/2025IT Services
AYIDouble Bottom, Adam and Adam      05/22/202506/02/2025Furn/Home Furnishings
ALKDouble Top, Eve and Adam      05/29/202506/09/2025Air Transport
ALBDouble Top, Adam and Eve      05/01/202505/12/2025Chemical (Diversified)
ALLDouble Top, Adam and Adam      05/19/202506/03/2025Insurance (Prop/Casualty)
AEETriangle, symmetrical      05/07/202506/12/2025Electric Utility (Central)
AMWDHead-and-shoulders top      05/02/202505/29/2025Building Materials
ARDouble Bottom, Adam and Eve      05/30/202506/05/2025Natural Gas (Diversified)
AMATDouble Bottom, Adam and Adam      05/23/202505/30/2025Semiconductor Cap Equip.
ARCBTriple bottom      05/23/202506/05/2025Trucking/Transp. Leasing
ACGLTriple top      05/12/202506/03/2025Insurance (Prop/Casualty)
ADMDouble Bottom, Adam and Eve      05/23/202506/03/2025Food Processing
AXSBroadening wedge, ascending      05/12/202506/11/2025Insurance (Prop/Casualty)
AZTAUgly double bottom      05/07/202506/02/2025Semiconductor Cap Equip.
BCPCHead-and-shoulders top      05/12/202505/28/2025Chemical (Specialty)
BALLDouble Bottom, Adam and Adam      05/23/202506/02/2025Packaging and Container
BSXHead-and-shoulders complex top      05/08/202506/06/2025Medical Services
BRCTriangle, symmetrical      05/23/202506/11/2025Chemical (Diversified)
BFHDouble Bottom, Adam and Eve      05/23/202506/05/2025Information Services
CNPHead-and-shoulders top      05/20/202506/04/2025Electric Utility (Central)
CDAYPipe bottom      03/31/202504/07/2025Information Services
CGNXDouble Bottom, Adam and Eve      05/23/202506/02/2025Precision Instrument
CMCODouble Top, Adam and Adam      05/12/202505/28/2025Machinery
COTYDouble Bottom, Adam and Adam      05/23/202506/03/2025Toiletries/Cosmetics
CRHDouble Top, Eve and Eve      05/02/202505/13/2025Cement and Aggregates
DHRThree Rising Valleys      05/15/202506/03/2025Medical Services
^DJTDouble Bottom, Adam and Adam      05/23/202506/02/2025None
DUKTriangle, ascending      05/14/202506/12/2025Electric Utility (East)
BOOMDouble Bottom, Adam and Adam      05/22/202506/02/2025Metal Fabricating
EXPDouble Top, Adam and Eve      05/05/202505/19/2025Cement and Aggregates
EIXDouble Top, Eve and Eve      04/29/202505/16/2025Electric Utility (West)
EOGDouble Bottom, Eve and Adam      05/05/202505/30/2025Natural Gas (Distributor)
XOMHead-and-shoulders bottom      05/22/202506/05/2025Petroleum (Integrated)
FFIVDouble Bottom, Adam and Eve      05/23/202505/30/2025Internet
FDXDouble Bottom, Adam and Eve      05/23/202506/02/2025Air Transport
FISDouble Bottom, Adam and Adam      05/23/202505/30/2025Computer Software and Svcs
FISVHead-and-shoulders bottom      05/15/202506/03/2025IT Services
FORMDouble Bottom, Adam and Eve      05/23/202505/30/2025Semiconductor
FWRDTriple bottom      05/09/202505/30/2025Trucking/Transp. Leasing
GMEDead-cat bounce      06/12/202506/12/2025Retail (Special Lines)
GPNDouble Bottom, Adam and Adam      05/23/202506/02/2025Computer Software and Svcs
GFSDouble Bottom, Adam and Eve      05/23/202506/02/2025Semiconductor
GGGDouble Bottom, Adam and Adam      05/23/202506/02/2025Machinery
HNIDouble Bottom, Adam and Adam      05/23/202506/02/2025Furn/Home Furnishings
HOVDouble Bottom, Adam and Adam      05/22/202506/02/2025Homebuilding
JBHTDouble Bottom, Adam and Adam      05/23/202506/02/2025Trucking/Transp. Leasing
ITWDouble Bottom, Adam and Adam      05/23/202506/02/2025Metal Fabricating
ILMNDouble Bottom, Eve and Adam      05/23/202506/03/2025Biotechnology
ITGRDouble Bottom, Adam and Adam      05/23/202506/02/2025Electronics
IPIDouble Top, Eve and Adam      05/06/202505/27/2025Chemical (Diversified)
ISRGDouble Top, Eve and Adam      05/13/202506/06/2025Medical Supplies
JAZZDouble Bottom, Eve and Adam      05/23/202505/30/2025Biotechnology
KBHDouble Bottom, Adam and Adam      05/22/202506/02/2025Homebuilding
KLACDouble Bottom, Adam and Adam      05/23/202505/30/2025Semiconductor Cap Equip.
KLICDouble Bottom, Adam and Eve      05/23/202506/02/2025Semiconductor Cap Equip.
LRCXDouble Bottom, Adam and Adam      05/23/202505/30/2025Semiconductor Cap Equip.
LEGDouble Bottom, Eve and Adam      05/22/202506/03/2025Furn/Home Furnishings
MHODouble Bottom, Adam and Adam      05/22/202506/02/2025Homebuilding
MTSIHead-and-shoulders bottom      05/19/202505/30/2025Semiconductor
MBroadening top      05/20/202506/10/2025Retail Store
MANHDouble Bottom, Adam and Adam      05/23/202506/02/2025IT Services
MRTNDouble Bottom, Adam and Adam      05/23/202506/03/2025Trucking/Transp. Leasing
MLKNDouble Bottom, Eve and Adam      05/23/202506/03/2025Furn/Home Furnishings
NBRBroadening bottom      04/17/202506/10/2025Oilfield Svcs/Equipment
NOVDouble Bottom, Adam and Adam      05/22/202506/02/2025Oilfield Svcs/Equipment
NKEDouble Bottom, Adam and Adam      05/23/202506/02/2025Shoe
NITriangle, ascending      05/19/202506/12/2025Electric Utility (Central)
OLNDouble Bottom, Adam and Eve      05/23/202506/03/2025Chemical (Basic)
OXMDouble Top, Eve and Eve      05/29/202506/05/2025Apparel
PANWPipe bottom      05/19/202505/27/2025Computer Software and Svcs
PTENDouble Bottom, Adam and Eve      05/22/202506/03/2025Oilfield Svcs/Equipment
PYPLDouble Bottom, Adam and Eve      05/23/202506/02/2025Financial Services
PORDouble Top, Eve and Adam      05/20/202505/27/2025Electric Utility (West)
PPGDouble Bottom, Adam and Eve      05/23/202506/03/2025Chemical (Diversified)
PGRTriple top      05/07/202506/03/2025Insurance (Prop/Casualty)
QTWODouble Bottom, Adam and Adam      05/23/202506/02/2025E-Commerce
QCOMDouble Bottom, Adam and Adam      05/23/202505/30/2025Telecom. Equipment
RLHead-and-shoulders top      05/20/202506/03/2025Apparel
ROGDouble Bottom, Eve and Eve      05/23/202506/02/2025Electronics
SBHTriple bottom      05/23/202506/06/2025Toiletries/Cosmetics
SLBDouble Bottom, Adam and Eve      05/23/202505/30/2025Oilfield Svcs/Equipment
SAICTriple top      04/28/202505/19/2025IT Services
SEEBroadening top      05/12/202506/10/2025Packaging and Container
SEICDouble Top, Eve and Eve      05/28/202506/06/2025IT Services
SREDiamond top      05/19/202506/02/2025Electric Utility (West)
SCIDouble Bottom, Adam and Adam      05/06/202505/14/2025Industrial Services
SHOPDouble Bottom, Eve and Eve      05/23/202506/04/2025E-Commerce
SODouble Bottom, Adam and Adam      05/29/202506/09/2025Electric Utility (East)
SCCOTriple bottom      05/16/202505/30/2025Metals and Mining (Div.)
TGTDouble Bottom, Adam and Eve      05/21/202506/02/2025Retail Store
TECHDouble Bottom, Adam and Eve      05/15/202505/22/2025Biotechnology
TDOCTriangle, symmetrical      04/09/202506/12/2025Healthcare Information
TFXDouble Bottom, Adam and Eve      05/23/202506/03/2025Diversified Co.
TERDouble Bottom, Adam and Eve      05/23/202505/30/2025Semiconductor Cap Equip.
TXTDouble Bottom, Adam and Eve      05/23/202506/02/2025Diversified Co.
TMOTriple bottom      05/15/202506/03/2025Precision Instrument
TKRDouble Bottom, Adam and Adam      05/23/202506/02/2025Metal Fabricating
UNMTriple top      05/12/202506/03/2025Insurance (Diversified)
VLODiamond bottom      05/21/202506/09/2025Petroleum (Integrated)
VMIDouble Bottom, Adam and Adam      05/22/202506/02/2025Metal Fabricating
VECODouble Bottom, Adam and Eve      05/23/202506/02/2025Precision Instrument
VCDouble Bottom, Adam and Eve      05/23/202506/02/2025Electronics
WSODouble Top, Adam and Eve      05/12/202505/16/2025Retail Building Supply
WERNDouble Bottom, Adam and Eve      05/23/202506/02/2025Trucking/Transp. Leasing
WWWFlag, high and tight      04/09/202506/11/2025Shoe

 

Top


Thursday 6/12/25. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.5% or -99.11 points. Since 02/05/1971 the Nasdaq made 380 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 186 occasions.
     Average loss was -1.2% on 194 occasions.
Expect the Nasdaq to close lower 51.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 291/528 or 55.1% of the time.
     The prediction of the Nasdaq closing lower has been right 86/178 or 48.3% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

I drew a red trendline under the valleys even though it cuts through price. It's a view of how price is following the trendline higher.

At A is a preview of what the drop at B might look like. However, A happened within one day. B, if price continues to drop, will span two days. I don't know what will happen at the open. It looks like B is moving sideways, perhaps trying to decide on a direction.

Not shown but the CPI (chart pattern indicator) has dropped to 46, which is neutral from bullish (which starts at 65 and above). So the general market is seeing weakness. That suggests tomorrow (Thursday) will be weak.

$ $ $

I started adding examples to the chart pattern pages, starting with the 2B pattern. This was a suggestion from a blog reader 6+ months ago. I wanted to finish writing my Orb Foresight book first, which I did. I released the book yesterday (see the post for details).

$ $ $

Here's a symbol list of 217 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AMD, AFL, AKAM, ALRM, AA, ALGT, AMZN, AMWD, APOG, AAPL, ATR, ARCB, ACGL, AWI, ARW, AVNT, AVA, BCPC, BZH, BBY, BIIB, BMY, BRKR, BLDR, CACI, CNC, CI, CLNE, CNX, CGNX, GLW, CTS, XRAY, DVN, FANG, ^DJT, BOOM, EXP, EMN, EIX, EPAM, EFX, EVH, EZPW, FIS, FIVN, GIS, GPN, GL, GMS, GFF, GES, HLIT, HTLD, HSII, HELE, HNI, HD, HOV, HUBG, JBHT, IEX, ITW, INCY, IBP, IIIN, ITGR, INTU, JAZZ, JBLU, KALU, KBH, KEYS, KFRC, KLAC, KSS, LHX, LZB, LH, LANC, LEG, LEN, RAMP, LOW, MHO, MTSI, M, MANH, MRTN, MAS, META, MSFT, MLKN, MYGN, ^IXIC, NOV, NTGR, NWL, NOC, NOVT, OXY, OMCL, ASGN, ON, OTEX, OUT, OMI, PKE, PATK, PCTY, PFE, PNW, PPG, PINC, PRU, PSTG, QCOM, DGX, RMBS, REGN, RCKY, R, SAIA, SBH, SIGI, SHW, SHOP, SLGN, LUV, SPSC, SCS, SRDX, TPR, TRGP, TDY, TFX, TDC, TER, TXN, TXT, TKR, TJX, TOL, TREX, UNH, VFC, VLO, VECO, VEEV, MDRX, VC, WRB, WSO, WERN, WSC, WOLF, WWW, ZBRA, IYC, IHE, FXL, FXI, BOTZ, ICF, IYH, IAT, IYZ, IXC, MXI, IXN, ILF, IGE, IYF, EWZ, EEM, EWW, EWY, EWL, TUR, IBB, PHO, XLV, XHB, XLK, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

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

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  16,802.30    
 Monthly S1  18,209.09  1,406.79   
 Weekly S2  18,778.69  569.60   
 Monthly Pivot  18,909.80  131.11   
 Weekly S1  19,197.28  287.48   
 Weekly Pivot  19,403.90  206.61   
 Daily S2  19,406.77  2.88   Yes! The Daily S2 is close to the Weekly Pivot.
 Daily S1  19,511.33  104.55   
 Low  19,551.34  40.01   
 Close  19,615.88  64.54   
 61.8% Down from Intraday High  19,646.50  30.62   
 Daily Pivot  19,655.89  9.39   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  19,675.90  20.01   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  19,705.30  29.40   
 Daily R1  19,760.45  55.15   
 Open  19,779.35  18.90   Yes! The Open is close to the Daily R1.
 High  19,800.46  21.11   Yes! The High is close to the Open.
 Weekly R1  19,822.49  22.03   Yes! The Weekly R1 is close to the High.
 Daily R2  19,905.01  82.52   
 Weekly R2  20,029.11  124.09   
 Monthly R1  20,316.59  287.48   
 Monthly R2  21,017.30  700.71   

Wednesday 6/11/25. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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

The most recent signal is bullish, as shown by the vertical green bar on the far right of the chart.

The inset shows the CPI line in blue. It has neared the peak of its move and has a slight dip at the right end (not the big dip, but today's drop). Because signals can change for up to a week, the dip might not be meaningful but it does square with the index hitting overhead resistance (or approaching it).

My guess is we'll see a retrace soon. I don't know what 'soon' means in terms of time, but probably a week and you'll see the index move sideways to down. A political move could see the index shooting higher, though.

$ $ $

I released a new book, Orb Foresight (pictured), both in print and e-book today. It's a novel (fiction).

Picture of Orb Foresight book.

Orb Foresight (#AD: link to Amazon.com)

What happens when a struggling stock market trader buys an orb that can predict the future?

Dr. Melissa Humphries is a scientist at Los Alamos National Laboratory who discovers a way to create intelligent life, which she calls orbs. With their ability to see the future, she hopes they will help guide humanity.

What happens when she releases the orbs into society?

Will they use their foresight to improve the world or will they submit to others who want to use orbs to enrich themselves?

Read this fast-paced adventure about the love between friends, about good versus evil, and what it means to be good.

This book is suitable for anyone, young or old, who believes in possibilities. Buy and read this emotional—and thrilling—soft sci-fi novel about the life of orbs and those who care for them.

$ $ $

Here's a symbol list of 166 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADTN, AMD, ALRM, AA, ALKS, ALL, AMED, AMWD, APH, AON, APOG, ARCB, ADP, BCPC, BBW, CACI, CNC, CF, CINF, CLX, CNO, CGNX, CL, CMTL, COP, GLW, COTY, CCK, CTS, XRAY, FANG, ^DJI, BOOM, EOG, EVRG, EXPI, XOM, EZPW, FAST, FIS, FISV, FIVN, FLEX, GIS, GPN, GS, GES, HBI, HLIT, HSII, HELE, HNI, HOV, HUM, JBHT, HURC, IIIN, ITGR, IRM, K, KLIC, LH, LANC, LDOS, RAMP, MTDR, MTRX, MRK, MLKN, MUR, NTAP, NWL, NOC, OMCL, OMC, OR, PANW, PATK, PAYX, PYPL, PETS, PFE, PLXS, POR, PINC, PRU, PSTG, QTWO, QCOM, DGX, RNG, RCKY, RGLD, RES, CRM, SEIC, SIGI, SKX, SXI, SCS, SRDX, SNPS, TDOC, TDY, TDC, TEVA, TKR, TJX, TZOO, VLO, VECO, VRSN, VRTX, VC, WERN, WPM, WSM, WWW, ZBRA, ITA, IEZ, IHE, DDM, FTEC, FDN, IYH, IXC, IXN, IGE, IEO, IYF, EWA, EWO, EWH, EWI, EWT, TUR, PEJ, PJP, XLY, XLV, XLK, UNG, VHT, 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.

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

Top


Tuesday 6/10/25. Slider Trading Quiz!

The Dow dropped by 0.0% or -1.11 points. Since 10/01/1928 the Dow made 1390 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 750 occasions.
     Average loss was -0.6% on 640 occasions.
Expect the Dow to close higher 54.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 309/567 or 54.5% of the time.
     The prediction of the Dow closing lower has been right 60/124 or 48.4% of the time.

$ $ $

I show another slider trading quiz featuring Torchmark: TMK (support and resistance).

$ $ $

Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AMD, AFL, ALRM, AA, ALKS, ALL, AMZN, APH, AAPL, ARCB, ANET, ARW, ASH, BCPC, BALL, BAH, CAL, CPB, CE, CDAY, CINF, CNO, CGNX, COTY, CR, DSGR, ^DJT, EIX, EQT, EXPD, FIS, FLS, FWRD, FCX, GAP, GPN, GPRO, HBI, HELE, HSY, HNI, JBHT, HURC, ILMN, ITGR, IRM, JBLU, KELYA, LH, LANC, LDOS, RAMP, M, MGY, MLM, MAS, MTDR, MRK, META, NBR, NTAP, NWL, NKE, NTNX, PANW, PKE, PYPL, PETS, PFE, PLXS, POR, PINC, QTWO, QCOM, DGX, RL, RMBS, RGS, RNG, ROG, SAIA, SAIC, SIGI, SCCO, SNPS, TRGP, TDOC, TDC, TER, TXT, TKR, RIG, VECO, MDRX, WAT, WERN, WU, WLK, WWW, IYC, IEZ, IHE, FDN, FXI, ICF, IYZ, IXN, SLV, IGE, IYF, EEM, EWH, EWM, EWY, EWT, THD, PBE, PEJ, PJP, XLF, XRT, XLK, UNG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  39,983.43    
 Monthly S1  41,372.59  1,389.17   
 Weekly S2  41,442.38  69.78   
 Weekly S1  42,102.07  659.69   
 Monthly Pivot  42,148.58  46.51   
 Daily S2  42,415.26  266.68   
 Weekly Pivot  42,513.31  98.05   
 Low  42,567.55  54.24   
 Daily S1  42,588.51  20.96   Yes! The Daily S1 is close to the Low.
 61.8% Down from Intraday High  42,691.91  103.39   
 50% Down from Intraday High  42,730.32  38.41   
 Daily Pivot  42,740.80  10.48   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  42,761.76  20.96   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  42,768.73  6.97   Yes! The 38.2% Down from Intraday High is close to the Close.
 Open  42,786.19  17.46   Yes! The Open is close to the 38.2% Down from Intraday High.
 High  42,893.09  106.90   
 Daily R1  42,914.05  20.96   Yes! The Daily R1 is close to the High.
 Daily R2  43,066.34  152.29   
 Weekly R1  43,173.01  106.67   
 Monthly R1  43,537.74  364.73   
 Weekly R2  43,584.25  46.51   
 Monthly R2  44,313.73  729.47   

Monday 6/9/25. Market Monday: The Week Ahead

My Prediction

Picture of the spx on the weekly scale.

I decided to show the S&P 500 index on the daily scale.

I drew a horizontal red line from today's (Friday's) high price and extended it down to the bottom scale.

It shows that the index has recovered to where it was in February. That's still below the level when Trump took over the presidency.

The drop that ensued after inauguration was steep and swift.

Notice how the bottom is v-shaped but the top is more rounded shape. That's typical of bottoms and tops.

Top

A Brief Look Back

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

Monday: Up 35.41 points.
Tuesday: Up 214.16 points.
Wednesday: Down 91.9 points.
Thursday: Down 108 points.
Friday: Up 443.13 points.

For the Week...

The Dow industrials were up 492.8 points or 1.2%.
The Nasdaq composite was up 416.18 points or 2.2%.
The S&P 500 index was up 88.67 points or 1.5%.

Year to Date...

Dow Industrials
     5.1% down from the high of 45,054.36 on 01/31/2025.
     16.8% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     2.9% down from the high of 20,118.61 on 01/24/2025.
     32.1% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     2.4% down from the high of 6,147.43 on 02/19/2025.
     24.1% up from the low of 4,835.04 on 04/07/2025.

Options Expiration

No options expire this week.

Top

Swing Traders: Pivot Points

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

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  42,415  42,589  42,757  42,931  43,099 
Weekly  41,443  42,103  42,514  43,174  43,585 
Monthly  39,984  41,373  42,149  43,538  44,314 
S&P500 (^GSPC): Daily  5,960  5,980  5,999  6,019  6,037 
Weekly  5,804  5,902  5,960  6,058  6,115 
Monthly  5,427  5,714  5,865  6,152  6,304 
Nasdaq (^IXIC): Daily  19,401  19,465  19,529  19,594  19,658 
Weekly  18,750  19,140  19,375  19,765  20,000 
Monthly  16,774  18,152  18,881  20,259  20,989 

Here are the formulas:

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

Top

Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, AYI, ALKS, AMZN, DOX, AXP, AFG, AIG, ARCB, ADM, AGO, ATO, AXS, BMI, BZH, BSX, BLDR, BG, CHKP, CVX, CIEN, CINF, CSCO, CLX, CNO, CTSH, CMTL, CXW, GLW, CR, EXP, EIX, EOG, EXC, FAST, FTV, FWRD, GNW, GPN, GOOGL, GPRO, GGG, HSII, HELE, HON, HOV, JBHT, HURC, IBP, IPG, IRM, KMB, KLAC, KSS, LZB, LEN, LNC, RAMP, MHO, M, MRK, MCO, NWL, OMC, OTEX, ORCL, PKG, PANW, PATK, PYPL, PETS, PCG, PINC, PRU, PHM, KWR, RJF, RHI, RCKY, SAIA, SEE, SCI, SHW, LUV, TRGP, TDOC, TER, TXT, TKR, TOL, RIG, TG, UIS, UNM, VECO, VRTX, WERN, WPM, WWW, IYK, IYE, IEZ, IHE, ICF, IYH, IAT, IYZ, IXC, MXI, IYF, ITB, EWH, EWS, DBA, PBE, PEJ, PXJ, PJP, PHO, XLY, XLE, XLF, GLD, XLV, XHB, XLI, XAR, UNG, USO, VHT, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Internet1. Internet
2. Metals and Mining (Div.)2. Investment Co. (Foreign)
3. Investment Co. (Foreign)3. Metals and Mining (Div.)
4. Aerospace/Defense4. Aerospace/Defense
5. Financial Services5. Financial Services
6. Semiconductor Cap Equip.6. Short ETFs
7. Securities Brokerage7. Chemical (Specialty)
8. Healthcare Information8. Electric Utility (Central)
9. Electric Utility (Central)9. Securities Brokerage
10. Chemical (Specialty)10. Semiconductor Cap Equip.
Best Performing AboveWorst Performing Below
50. Air Transport50. Toiletries/Cosmetics
51. Retail Building Supply51. Building Materials
52. Chemical (Basic)52. Retail Building Supply
53. Toiletries/Cosmetics53. Air Transport
54. Shoe54. Chemical (Basic)
55. Building Materials55. Petroleum (Producing)
56. Advertising56. Advertising
57. Human Resources57. Human Resources
58. Homebuilding58. Homebuilding
59. Oilfield Svcs/Equipment59. Oilfield Svcs/Equipment
60. Trucking/Transp. Leasing60. Trucking/Transp. Leasing

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

Top


Friday 6/6/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 119 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AMD, AFL, ALKS, AMZN, AMED, ADM, AWI, BMI, BKH, BA, BAH, BSX, CHKP, CLX, CMTL, CAG, COP, DHR, DECK, XRAY, DTE, EMN, EIX, EPAM, FCX, GME, GILD, GL, GMS, GPRO, HL, HUN, NSP, KMB, KLIC, LZB, LAMR, RAMP, LMT, MAN, MKTX, MRCY, MGEE, MU, MCO, ^IXIC, NTGR, NJR, NWL, NOC, ORI, OTEX, OR, PANW, PATK, PETS, PFE, PPG, PINC, PG, KWR, RMBS, RNG, SAIA, SHW, SCCO, TTD, TMO, TSCO, TG, UPS, UNM, VFC, VECO, WAT, WPM, WSC, WWW, IYE, FTEC, FXI, BOTZ, QQQ, IXC, IXN, ILF, SLV, EEM, EWH, EWM, EWS, EZA, EWY, QLD, PPA, PEJ, XLP, GLD, XLB, XAR, XLK, UNG, 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.

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Top

 

 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AEISDouble Bottom, Adam and Adam      05/23/202506/02/2025Semiconductor
AMDDouble Bottom, Adam and Adam      05/23/202505/30/2025Semiconductor
DOXTriangle, symmetrical      05/13/202506/04/2025IT Services
AMNDouble Top, Adam and Adam      05/12/202505/20/2025Human Resources
ATRDouble Top, Adam and Eve      05/20/202506/02/2025Packaging and Container
ARWDouble Bottom, Adam and Adam      05/23/202506/02/2025Electronics
AVATriangle, symmetrical      05/20/202506/03/2025Electric Utility (West)
AZTAHorn bottom      04/21/202505/05/2025Semiconductor Cap Equip.
BZHDouble Bottom, Adam and Eve      05/23/202506/02/2025Homebuilding
BKHTriangle, symmetrical      05/20/202506/03/2025Electric Utility (West)
BRKRHead-and-shoulders bottom      05/16/202506/03/2025Precision Instrument
BGHead-and-shoulders top      04/28/202505/29/2025Food Processing
CBTTriangle, symmetrical      05/07/202506/05/2025Chemical (Diversified)
CEBroadening top, right-angled and ascending      05/15/202506/03/2025Chemical (Basic)
CENXHorn bottom      04/21/202505/05/2025Metals and Mining (Div.)
CRDouble Bottom, Adam and Adam      05/23/202506/02/2025Diversified Co.
FANGDouble Bottom, Adam and Adam      05/22/202505/30/2025Petroleum (Producing)
^DJUTriangle, ascending      05/06/202506/03/2025None
^DJIDiamond top      05/12/202505/30/2025None
EFXTriple bottom      05/22/202506/02/2025Information Services
EVHDouble Bottom, Adam and Adam      05/23/202506/02/2025Healthcare Information
FIVNDouble Bottom, Adam and Adam      05/22/202506/02/2025Computer Software and Svcs
FCXDouble Bottom, Adam and Adam      05/16/202505/23/2025Metals and Mining (Div.)
GAPDead-cat bounce      05/30/202505/30/2025Apparel
GISHead-and-shoulders bottom      05/14/202505/29/2025Food Processing
GILDHorn bottom      04/21/202505/05/2025Biotechnology
GMSDouble Bottom, Adam and Adam      05/23/202506/02/2025Cement and Aggregates
GFFDouble Bottom, Adam and Adam      05/23/202506/02/2025Building Materials
HLDouble Bottom, Adam and Adam      04/07/202505/05/2025Metals and Mining (Div.)
HDDouble Bottom, Adam and Adam      05/23/202506/02/2025Retail Building Supply
IBPHead-and-shoulders bottom      05/08/202506/02/2025Retail Building Supply
KMBDouble Top, Adam and Eve      05/19/202505/29/2025Household Products
LHDouble Bottom, Adam and Adam      05/15/202505/23/2025Medical Services
LAMRDouble Bottom, Adam and Adam      05/08/202505/23/2025Advertising
LENDouble Bottom, Adam and Adam      05/22/202506/02/2025Homebuilding
LLYDouble Bottom, Adam and Eve      05/15/202505/23/2025Drug
MGYDouble Bottom, Adam and Adam      05/22/202505/30/2025Petroleum (Producing)
MKTXDouble Bottom, Eve and Eve      05/14/202506/04/2025Securities Brokerage
MTDRDouble Bottom, Eve and Eve      05/22/202506/03/2025Petroleum (Producing)
MUDouble Bottom, Adam and Adam      05/23/202505/30/2025Semiconductor
MCODouble Bottom, Adam and Adam      05/23/202506/02/2025Information Services
MYGNDouble Bottom, Eve and Eve      05/15/202505/23/2025Biotechnology
OXYDouble Bottom, Adam and Adam      05/22/202505/30/2025Petroleum (Producing)
ONDouble Bottom, Adam and Eve      05/23/202506/02/2025Semiconductor
OUTPipe bottom      03/31/202504/07/2025Advertising
PFETriangle, symmetrical      05/20/202506/02/2025Drug
PCGDouble Top, Adam and Eve      04/24/202505/16/2025Electric Utility (West)
PLXSTriangle, symmetrical      05/16/202506/05/2025Electronics
PEGDouble Bottom, Adam and Adam      05/14/202505/22/2025Electric Utility (East)
RMBSDouble Bottom, Adam and Adam      05/23/202505/30/2025Semiconductor Cap Equip.
REGNTriple top      04/28/202505/21/2025Biotechnology
RLIDouble Bottom, Adam and Adam      05/14/202505/22/2025Insurance (Prop/Casualty)
ROLRising wedge      04/03/202506/05/2025Industrial Services
RESDouble Bottom, Adam and Adam      05/22/202506/03/2025Oilfield Svcs/Equipment
SHWHead-and-shoulders bottom      05/14/202506/02/2025Chemical (Basic)
SLGNHead-and-shoulders top      05/12/202505/28/2025Packaging and Container
STRTriple bottom      05/07/202505/30/2025Natural Gas (Diversified)
SRTriangle, symmetrical      05/20/202506/03/2025Natural Gas (Distributor)
TRGPTriangle, symmetrical      04/07/202506/05/2025Natural Gas (Diversified)
TOLDouble Bottom, Eve and Adam      05/22/202506/02/2025Homebuilding
WEXRoof, inverted      05/13/202506/05/2025Information Services

 

Top


Thursday 6/5/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.3% or 61.53 points. Since 02/05/1971 the Nasdaq made 699 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 382 occasions.
     Average loss was -0.7% on 317 occasions.
Expect the Nasdaq to close higher 54.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 291/527 or 55.2% of the time.
     The prediction of the Nasdaq closing lower has been right 86/178 or 48.3% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

There's not much to say about the chart. I drew a red line under the index because they valleys lined up. They show an uptrend that's too steep to be sustainable. (A slope of about 30 degrees is best). Of course, slope is hard to judge because of the aspect ratio (change the height or width on the image and the slope appears to change).

The green line shows a shallower slope. It looks like the index is moving sideways, either gathering for another push higher or forming a multi-peak pattern. It's too soon to tell, and on this scale (intraday), it's often meaningless, anyway.

$ $ $

Here's a symbol list of 177 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AFL, A, ALB, ALKS, DOX, AIG, AME, AMN, APA, ATR, ASH, BMI, BA, BKNG, BRC, CBT, CALM, CE, CHKP, CINF, CLX, CNA, CNO, CMTL, ED, CAG, COP, COTY, XRAY, DVN, DDS, DSGR, ^DJU, DTE, DUK, EIX, EOG, EPAM, EVRG, EXC, XOM, FICO, FLS, FCX, FDP, GME, GAP, IT, GD, GL, GS, GPRO, THG, HIG, HQY, HL, HELE, DHI, HOV, HUN, ITW, ILMN, PODD, IBKR, JNJ, KBH, KFRC, KMB, KSS, LANC, LEG, LEN, LNC, RAMP, LMT, LPLA, MHO, MANH, MTRX, MDT, MRK, MCO, NOV, NJR, NEE, NOC, OGE, ORI, ASGN, ON, OUT, PANW, PCTY, PNW, PINC, PFG, PGR, KWR, RGA, RLI, SAND, SCHW, SIGI, SHOP, SGI, SCCO, SR, TDC, TDG, TRV, TG, TWLO, UNM, VECO, WSO, WLK, WMB, IYM, IAI, IYE, IHE, FXL, FXI, ICF, IYH, IYZ, IEV, IXC, MXI, IGE, IYF, ITB, EWA, EWK, EWZ, EWC, ECH, EEM, EWQ, EWG, EPP, EZA, EWY, EWL, EWT, THD, TUR, EWU, PBE, PEJ, XLP, XLF, XHB, XLB, XLU, UNG, USO, VIS, VAW, 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.

$ $ $

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

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

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  16,173.28    
 Monthly S1  17,816.88  1,643.61   
 Monthly Pivot  18,603.14  786.25   
 Weekly S2  18,690.89  87.75   
 Weekly S1  19,075.69  384.80   
 Weekly Pivot  19,232.54  156.85   
 Daily S2  19,303.32  70.78   
 Low  19,359.09  55.77   
 Daily S1  19,381.90  22.81   
 61.8% Down from Intraday High  19,410.42  28.51   
 50% Down from Intraday High  19,426.27  15.85   
 Open  19,434.94  8.67   Yes! The Open is close to the 50% Down from Intraday High.
 Daily Pivot  19,437.68  2.74   Yes! The Daily Pivot is close to the Open.
 38.2% Down from Intraday High  19,442.13  4.45   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  19,460.49  18.37   
 High  19,493.45  32.96   
 Daily R1  19,516.26  22.81   
 Daily R2  19,572.04  55.77   
 Weekly R1  19,617.34  45.30   
 Weekly R2  19,774.19  156.85   
 Monthly R1  20,246.74  472.55   
 Monthly R2  21,033.00  786.25   

Wednesday 6/4/25. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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

The green vertical bar on the far right of the chart shows a bullish signal. It follows several days of neutral readings (white bars). Note: signals can change for up to a week.

The current CPI is 93.3 and the inset shows a zoom in without the color bands in the way. Way cool, right?Smiley

The big downward move in the CPI coincides with the red bar in mid May. The rest of the time, the indicator spent in neutral as the index moved sideways. The green bar suggests the sideways move is over and the index will power upward.

I have my doubts. One of these days, the government stats are going to show the effect of Trump's on again-off again tariffs and the market won't like it. So be prepared for more volatility.

$ $ $

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, AEIS, A, ALK, ALKS, AMZN, APH, ANIK, AON, BALL, BAX, BAH, CBT, CALM, COR, CENX, CHKP, CLF, CMCO, CMTL, ED, CAG, COP, GLW, CSGP, CTS, DVN, DTE, DUK, EPAM, EVRG, EXC, EXPI, FTNT, GME, GAP, GNW, GILD, GL, GMS, GPRO, HQY, HTLD, HSIC, HOV, INCY, PODD, IPG, IRM, K, KMB, LZB, LH, RAMP, LPLA, NTAP, NKE, NI, NOC, ON, OTEX, OUT, OMI, PKG, PANW, PETS, PFE, PNW, PLXS, PINC, PGR, KWR, RL, RMBS, ROL, R, SBH, SEIC, LUV, SXI, SCS, TDY, TDC, TTD, RIG, TG, TWLO, WMB, WWD, IHE, IYH, ECH, EWH, EWT, PBE, PEJ, XLV, XAR, 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.

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

Top


Tuesday 6/3/25. Slider Trading Quiz!

The Dow climbed by 0.1% or 35.41 points. Since 10/01/1928 the Dow made 1432 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.5% on 736 occasions.
     Average loss was -0.6% on 696 occasions.
Expect the Dow to close higher 51.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 308/566 or 54.4% of the time.
     The prediction of the Dow closing lower has been right 60/124 or 48.4% of the time.

$ $ $

I show another slider trading quiz featuring Transocean: RIG stock.

$ $ $

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, A, ALB, AA, ALGT, AXP, AME, AR, AON, BCPC, BAX, BZH, BA, CX, CNC, CMTL, CSGS, DVN, FANG, DSGR, EIX, EPAM, EXPD, EZPW, FNV, FCX, GNW, GES, HBI, HL, HSII, HSY, JBHT, IDXX, NSP, IPG, INTU, IRM, KALU, LZB, RAMP, M, MAN, MAS, MRCY, ^IXIC, NEE, OMC, ASGN, OR, OUT, OMI, PFE, PINC, PFG, RRC, REGN, RGS, ROL, RES, SAND, SAIC, LUV, SWX, TSCO, RIG, TZOO, TREX, VRSN, VC, WSO, WU, WLK, WPM, IHE, FTEC, QQQ, MXI, IXN, ILF, SOXX, SLV, EWA, EWG, EWH, EIS, EWM, EPP, QLD, PBE, PEJ, PXJ, XLY, XLK, UNG, SMH, 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.

$ $ $

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

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

Top

© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  38,534.64    
 Monthly S1  40,420.06  1,885.42   
 Weekly S2  41,573.81  1,153.75   
 Monthly Pivot  41,631.05  57.24   
 Daily S2  41,695.32  64.27   
 Low  41,853.62  158.30   
 Weekly S1  41,939.65  86.03   
 Daily S1  42,000.40  60.75   
 61.8% Down from Intraday High  42,030.63  30.23   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  42,085.31  54.68   
 38.2% Down from Intraday High  42,139.99  54.68   
 Daily Pivot  42,158.70  18.71   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Weekly Pivot  42,194.18  35.48   Yes! The Weekly Pivot is close to the Daily Pivot.
 Open  42,199.94  5.76   Yes! The Open is close to the Weekly Pivot.
 Close  42,305.48  105.54   
 High  42,317.00  11.52   Yes! The High is close to the Close.
 Daily R1  42,463.78  146.78   
 Weekly R1  42,560.02  96.23   
 Daily R2  42,622.08  62.06   
 Weekly R2  42,814.55  192.48   
 Monthly R1  43,516.47  701.91   
 Monthly R2  44,727.46  1,210.99   

Monday 6/2/25. 2025 Forecast Update

Forecast

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

Top

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.

Tuesday: Up 740.58 points.
Wednesday: Down 244.95 points.
Thursday: Up 117.03 points.
Friday: Up 54.34 points.
Saturday: Holiday or other weird event!

For the Week...

The Dow industrials were up 667 points or 1.6%.
The Nasdaq composite was up 376.56 points or 2.0%.
The S&P 500 index was up 108.87 points or 1.9%.

Year to Date...

Dow Industrials
     6.2% down from the high of 45,054.36 on 01/31/2025.
     15.5% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     5.0% down from the high of 20,118.61 on 01/24/2025.
     29.3% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     3.8% down from the high of 6,147.43 on 02/19/2025.
     22.3% up from the low of 4,835.04 on 04/07/2025.

Options Expiration

No options expire this week.

Top

Swing Traders: Pivot Points

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

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  41,714  41,992  42,184  42,462  42,654 
Weekly  41,562  41,916  42,182  42,536  42,803 
Monthly  38,523  40,396  41,619  43,493  44,716 
S&P500 (^GSPC): Daily  5,814  5,863  5,892  5,941  5,971 
Weekly  5,800  5,856  5,899  5,955  5,999 
Monthly  5,236  5,574  5,771  6,109  6,307 
Nasdaq (^IXIC): Daily  18,730  18,922  19,040  19,232  19,350 
Weekly  18,575  18,845  19,117  19,386  19,659 
Monthly  16,058  17,586  18,488  20,016  20,917 

Here are the formulas:

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

Top

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 80 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ALB, AA, AMED, AEE, AFG, AME, AON, AAPL, ACGL, BALL, BZH, BIIB, BG, CBT, CX, CENX, CIEN, CLX, CTSH, CMCO, CMTL, COST, CROX, XRAY, EPAM, EXPD, FARO, FMC, FRD, GAP, GE, GIS, GNW, GILD, GPRO, GES, NSP, INTC, IPI, LH, RAMP, LXU, MRCY, MCO, MOS, NEE, NOC, ASGN, OR, OUT, PKG, PINC, RRC, SLB, SWX, SXI, TEVA, UHAL, UIS, VRTX, WMT, WPM, WOLF, ITA, IHE, IDU, ICF, ILF, EWZ, EEM, EWH, EWM, EWS, TUR, PPA. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Internet1. Investment Co. (Foreign)
2. Investment Co. (Foreign)2. Internet
3. Metals and Mining (Div.)3. Metals and Mining (Div.)
4. Aerospace/Defense4. Aerospace/Defense
5. Financial Services5. Financial Services
6. Short ETFs6. Semiconductor Cap Equip.
7. Chemical (Specialty)7. Short ETFs
8. Electric Utility (Central)8. Electric Utility (Central)
9. Securities Brokerage9. Telecom. Equipment
10. Semiconductor Cap Equip.10. Securities Brokerage
Best Performing AboveWorst Performing Below
50. Toiletries/Cosmetics50. Medical Services
51. Building Materials51. Chemical (Diversified)
52. Retail Building Supply52. Building Materials
53. Air Transport53. Air Transport
54. Chemical (Basic)54. Chemical (Basic)
55. Petroleum (Producing)55. Petroleum (Producing)
56. Advertising56. Human Resources
57. Human Resources57. Advertising
58. Homebuilding58. Homebuilding
59. Oilfield Svcs/Equipment59. Trucking/Transp. Leasing
60. Trucking/Transp. Leasing60. Oilfield Svcs/Equipment

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

Top

Archives

 

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

Copyright © 2005-2025 by Thomas N. Bulkowski. All rights reserved.
Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
Some pattern names are registered trademarks of their respective owners.
Home Advertise Contact Privacy/Disclaimer