As of 04/18/2024   Indus: 37,775 +22.07 +0.1%     Trans: 14,947 -39.62 -0.3%     Utils: 860 +6.95 +0.8%     Nasdaq: 15,602 -81.87 -0.5%     S&P 500: 5,011 -11.09 -0.2%	YTD  +0.2%   -6.0%   -2.4%    +3.9%    +5.1%	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 04/18/2024   Indus: 37,775 +22.07 +0.1%     Trans: 14,947 -39.62 -0.3%     Utils: 860 +6.95 +0.8%     Nasdaq: 15,602 -81.87 -0.5%     S&P 500: 5,011 -11.09 -0.2%	YTD  +0.2%   -6.0%   -2.4%    +3.9%    +5.1%
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

Friday 9/30/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 58 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AA, AMED, AMGN, APH, ANIK, ADM, BFH, CALM, CHD, CTXS, CMTL, CAG, COTY, EIX, EXC, FDS, FRD, GE, GIS, HSC, HSII, HELE, HURC, IPAR, IVC, JNJ, K, KSS, KLIC, LANC, MCHX, MLKN, NCR, NTGR, NWL, NEE, JWN, NUS, OXM, PCG, QCOM, SCCO, TDOC, TKR, UNM, VFC, WOLF, FXI, SLV, EWK, EWZ, EWH, EIS, EWM, UNG. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 9/29/22. Cryptocurrency: Ethereum

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

$ $ $

I show a picture of ethereum cryptocurrency on the daily scale.

A head-and-shoulders top appears at LS (left shoulder) and RS (right shoulder) with a head between the two peaks. It confirms as a valid chart pattern when the currency closes below the blue neckline, at A. The currency continues lower to B but then look what happens.

It finds support there, at B.

That support is setup by a rectangle bottom, highlighted here with red lines at C. I extended the top red line to show that support at B.

What does all of this mean? I'm surprised that the currency bounced where it did. I would have expected it to drop a bit more into support before turning. So there might be a bit of a downward drift before a rebound or it could just continue higher. It appears to be moving sideways now, trying to figure out the next trend direction.

$ $ $

Here's a symbol list of 71 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AES, ALB, ABC, AMN, ATO, BAX, BIIB, BRC, CSCO, CTXS, CMTL, ED, CCRN, DHR, ELV, FE, FLEX, HLIT, HAYN, HL, DHI, IDXX, IIIN, IPAR, TILE, IVC, NVTA, LLY, LXU, MCHX, MTRX, MYGN, NI, NVDA, OMI, PRFT, PHM, SCHW, SMTC, TDOC, TDC, RIG, SLCA, UNM, VRSN, WOLF, XEL, FTEC, FXL, ICF, IYZ, SLV, EWO, EWK, EWZ, EWH, EIS, EZA, EWL, TUR, IBB, PBE, PJP, XLV, UNG, VHT. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 9/28/22. 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.

Much to my surprise, the indicator was stuck near zero for the week. Very unusual. I still think we'll get a surprise moon shot higher, but that's a guess. We have a measured move down (MMD) chart pattern where price is likely to rise back to the corrective phase.

In letters, the MMD is ABCD with the corrective phase BC. Price after D will return to BC. That's what I expect to see in the coming week or two.

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 worse today than they were a week ago. That's no surprise when the index tumbled like it has.

Putting the two charts together, they are both bearish, but the CPI chart shows promise of a rebound, as I discussed. I'll leave it at that.

$ $ $

Here's a symbol list of 101 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AES, DOX, AEE, AEO, AMGN, AMN, APH, AON, AMAT, ADM, AWI, BCPC, BECN, BFH, CBT, CX, CF, CHKP, CTXS, CNO, CMTL, DHR, DECK, ELV, EL, GOOGL, GGG, HSY, HNI, DHI, JBHT, IDA, IEX, ITW, ILMN, IBP, IPAR, IPG, IVC, KBH, K, KELYA, KFRC, KLAC, LRCX, LANC, LXU, MANH, MAN, MCHX, MRTN, MA, MRK, MU, MSFT, NTGR, ASGN, PNW, PG, RMBS, RLI, SAIC, SMTC, SXI, SCS, TDOC, TFX, TER, TXT, UNM, VEEV, VRTX, WOLF, WDAY, XEL, FTEC, ICF, SLV, EWK, EWZ, EWH, EWJ, EWW, EWS, EWY, THD, IBB, PBE, ILF, XLP, XHB, USO, VIS. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 9/27/22. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Standex International: SXI, support and resistance stock.

$ $ $

Here's a symbol list of 246 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, AMD, AJRD, AES, AFL, AA, AEE, AEO, AEP, AEL, AXP, AIG, APA, AMAT, AWI, ASH, AGO, AVY, AVNT, AXS, BSET, BMRN, BA, BLDR, BG, CBT, CE, CX, CENX, CF, CRL, CVX, CIEN, CTXS, CLNE, CNA, CTSH, CL, CONN, COP, CLR, GLW, COTY, CRH, DHR, DECK, DVN, DDS, ^DJU, ^DJI, DRQ, BOOM, EXP, EIX, EMR, EOG, EQT, EXC, EXPD, XOM, EZPW, FE, FLEX, FMC, FTNT, FDP, GD, GS, HLIT, HSC, HAYN, HL, HP, HD, IDA, ITW, ILMN, INTC, IPAR, IBKR, TILE, IPG, IPI, IVC, JKHY, JAZZ, KALU, KBH, KBAL, KSS, LZB, LH, LEG, LNC, L, MRO, MLM, MDT, MS, MOS, MUR, NFG, NOV, NEE, OXY, ORI, OMC, ASGN, OUT, PKG, PDCO, PYPL, PNW, POR, PPL, PFG, PRU, RL, RJF, RGA, ROK, ^GSPC, SLB, SRE, SMTC, NOW, SLGN, SKX, SO, LUV, SWX, SWN, SUM, TPR, TFX, TER, TXN, TSCO, TZOO, UPS, VLO, VEEV, WRB, WMT, WEX, WMB, WSM, WOLF, WWW, XEL, ITA, IYM, IAI, IYK, IYE, ITB, IEZ, IDU, DDM, ICF, IHF, IAT, IYZ, SLV, IGE, IEO, IYF, IHI, EWA, EWO, EWK, EWZ, EWC, ECH, EEM, EWQ, EWG, EIS, EWI, EWJ, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWL, EWT, THD, EWU, IBB, PPA, PEJ, PXJ, PHO, IEV, IXC, ILF, SSO, MXI, XLE, XLF, GLD, XHB, XLI, XRT, SPY, XAR, XLU, UNG, VIS. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 9/26/22. Market Monday: The Week Ahead

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

My Prediction

This is a chart of the Dow utilities on the daily scale. Let's go though it by the letters.

At AB, we see two peaks near the same price. It confirms as a double top when the index closes below C, which happens at D. It means the index will continue lower. And it has.

At E, the index forms a falling wedge with an upward breakout. That breakout carries the index skyward, all the way to A.

At F, we see another double top, but it's not as well defined as pattern AB. Even so, the drop to G is a big move.

Will the drop after D be as large as the tumble to the June low?

A drop of that size is possible but I don't think it's likely. The Dow utilities is the best performing index of the five I follow. If the other indices keep dropping, we'll see continue flight to safety: utility stocks.

Having said this, I didn't think the indices would be down this much, this year. So what do I know? Have a good weekend.

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 over.

Here's a symbol list of 360 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, ACN, AEIS, AMD, AJRD, AES, APD, ATSG, ALK, AA, AMZN, AMED, AEE, AEP, AEL, AXP, AIG, APH, APA, AMAT, ARCB, AWI, ARW, AGO, ADSK, AVY, AVNT, AXS, AZTA, BCPC, BSET, BAX, BERY, BMRN, BA, BKNG, BOOT, BFH, BLDR, BG, CBT, CAL, CE, CX, CNC, CENX, CRL, CVX, CHS, CSCO, CLNE, CLF, CNA, CNO, CTSH, GLW, COST, COTY, CR, CRH, CCK, DHR, DVN, DDS, ^DJU, ^DJT, ^DJI, D, DRQ, DUK, BOOM, EXP, EMN, EIX, EMR, EOG, EQT, EL, XOM, FDS, FICO, FIVN, FLEX, FLS, FMC, FWRD, FCX, FDP, IT, GPN, GS, GGG, EVRG, GFF, GES, HSC, HAYN, HL, HP, HNI, HOV, JBHT, ITW, ILMN, INFN, NSP, INTC, IBKR, IPG, IPI, INTU, ISRG, IVC, JKHY, JAZZ, JBLU, JNJ, KALU, KBH, KBAL, KLAC, KSS, LHX, LZB, LH, LRCX, LAMR, LANC, LEG, LDOS, LEN, L, LXU, MTSI, MAN, MRO, MLM, MA, MTRX, MDT, MLKN, MOS, MLI, MUR, MYGN, NBR, ^IXIC, NFG, NOV, NCR, NTGR, NTAP, NWL, NEE, NKE, JWN, NWPX, OXY, ORI, OLN, OMC, ASGN, OUT, PKG, PATK, PDCO, PTEN, PNW, PLXS, POR, PPL, PRU, PEG, PHM, KWR, RL, RMBS, RGA, RLI, ROK, RES, ^GSPC, SEE, SEIC, SRE, NOW, SLGN, SKX, SO, SCCO, LUV, SWN, SSYS, SUM, SNPS, TPR, TDOC, TFX, TEVA, TKR, TJX, TOL, TSCO, RIG, TZOO, TREX, SLCA, UGI, UPS, VFC, VMI, VRSN, V, VC, WMT, WSO, WLK, WEX, WMB, WSM, WOLF, WWW, XEL, ZBRA, ITA, IYM, IAI, IYK, IYC, IYE, ITB, IEZ, IDU, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, IHF, IAT, IYZ, IGV, SOXX, IGE, IEO, IYF, IHI, EWA, EWO, EWK, EWC, ECH, EEM, EWQ, EWG, EWH, EIS, EWI, EWJ, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, THD, EWU, QLD, IBB, PPA, DBA, PEJ, PXJ, PHO, ROBO, IEV, IXC, IXN, SSO, MXI, XLY, XLP, XLE, XLF, GLD, XHB, XLI, XLB, XRT, SPY, XAR, XLK, XLU, UNG, SMH, VHT, VIS, VAW, MGK. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 9/23/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 265 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ACN, AEIS, AMD, AJRD, AES, AFL, ALRM, ALK, DOX, AMED, AEE, AEP, AIG, APH, AON, APA, AMAT, ATR, AWI, ARW, ADSK, AVY, AZTA, BMI, BCPC, BALL, BECN, BZH, BBBY, BBY, BIO, BMRN, BA, BKNG, BFH, BMY, BG, CACI, CAL, CE, CX, CNC, CF, CRL, CHKP, CSCO, CTXS, CLF, CMTL, CR, CROX, CTS, DHR, DECK, XRAY, DDS, ^DJT, D, DUK, EPAM, EFX, EL, EXPD, FDS, FICO, FIVN, FLEX, FORM, FTNT, FWRD, IT, GNW, GPRO, GGG, EVRG, GFF, HAYN, HNI, HD, DHI, IDXX, ITW, ILMN, INCY, INFN, NSP, IBP, IIIN, IPG, INTU, ISRG, IVC, NVTA, JKHY, KBH, KMB, KLAC, LHX, LZB, LH, LRCX, LEG, LDOS, LLY, LNC, RAMP, MHO, MTSI, M, MAN, MAS, MA, MTRX, MDC, MDT, MRK, MLKN, MLI, MUR, MYGN, ^IXIC, NFG, NCR, NTGR, NTAP, NEE, JWN, ASGN, OUT, PAYX, PNW, PLXS, PPG, PFG, PEG, PHM, KWR, RJF, RLI, RHI, ROK, RES, CRM, SCHW, SEE, SRE, SMTC, NOW, SHW, LUV, SNPS, TGT, TDOC, TFX, TPX, TEVA, TXN, TKR, TSCO, TZOO, TG, TREX, SLCA, UGI, UPS, VFC, VEEV, VC, WAT, WSO, WEX, WOLF, WWW, XEL, ZBRA, ITA, IYC, IYE, ITB, IHE, FTEC, QTEC, FXL, FXI, QQQ, IHF, IYZ, IGV, SOXX, IGE, IHI, EWO, ECH, EWH, EIS, EWJ, EWM, EWW, EWY, EWP, EWD, EWL, EWT, QLD, IBB, PPA, PBE, PXJ, PHO, IXN, XLY, XHB, XLI, XLB, XAR, UNG, SMH, VHT, VIS, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 9/22/22. 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.

I was chatting on the phone today with a friend about the markets and the FED meeting. I thought we'd close higher today based on what typically happens after a FED meeting. Usually, the markets rise. However, I cautioned that once you recognize a pattern, it often fails. And that's what we see today.

At A, the index looked as if the index would indeed close higher, but the index tumbled instead. Sigh. The good news is that bear markets or significant dips in price present wonderful buying opportunities if you're willing to hold for a few years.

$ $ $

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: MMM, ABT, ANF, AJRD, AFL, ALRM, ALK, AA, ALKS, AEP, AON, APA, APOG, AMAT, ADM, AWI, ARW, ASH, BALL, BSET, BMRN, BA, BKNG, BAH, BFH, CACI, CE, CNC, CF, CRL, CVX, CTXS, CLF, CTSH, COTY, CROX, CTS, DHR, DECK, DDS, D, DUK, BOOM, EBAY, EL, EZPW, FIS, FLEX, FMC, FTNT, GME, GE, GNW, GPRO, GGG, EVRG, HAYN, DHI, IDXX, ITW, INCY, ITGR, IPG, IPI, IVC, NVTA, JBLU, LH, LDOS, LLY, LNC, MRO, MCHX, MLM, MA, MTRX, MDC, META, MSFT, MLI, MUR, MYGN, NFG, NTGR, NTAP, NEE, OXY, OUT, PANW, PETS, PNW, PFG, PG, PHM, ROG, SCHW, NOW, SCCO, SWN, SCS, SNPS, TECH, TFX, TXN, TSCO, TZOO, TG, TREX, VRTX, V, VMC, WSO, WOLF, XEL, ITA, FTEC, FXI, QQQ, SLV, IEO, IHI, EWO, EWK, ECH, EWQ, EWG, EIS, EZA, EWP, EWL, THD, QLD, IBB, PJP, PHO, ROBO, IXN, XLP, XLF, XHB, XRT, XAR, XLK, UNG, VHT, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

The 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 9/21/22. 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 indicator turned bearish about a week ago, near the peak in September. That signal represented good timing as the red bar on the far right of the chart shows.

The blue indicator line at the bottom of the chart remains near 0, which is bearish. However, I expect a rebound in the index and the indicator soon, perhaps starting with the FED meeting.

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 show continued deterioration from a week ago.

Unfortunately, the chart doesn't tell us what will happen. In fact, it doesn't give us a strong hint, either. It's bearish, sure. But for how long?

The two charts are bearish. A month ago I suggested that the flat CPI line suggested a rebound. We see that same pattern emerging now. So I'll be bold and say the markets will move higher, perhaps starting with tomorrow's (Wednesday's close).

$ $ $

Here's a symbol list of 108 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ALRM, AEE, AEO, AEP, APH, ANIK, AON, APA, AAPL, AGO, BALL, CALM, CE, CX, CNC, CF, CRL, CIEN, CLF, CNO, CMTL, CR, CRH, DHR, DDS, D, DUK, EBAY, RE, EXC, FLEX, FCX, GME, EVRG, HURC, ITW, IVC, LH, LAMR, LEG, LLY, MCHX, MU, MLI, MUR, MYGN, NTGR, NTAP, NWL, NEE, OMC, OUT, OXM, PRFT, PETS, PNW, PFG, PEG, RL, NOW, SHW, SCCO, SUM, TPR, TFX, TSCO, SLCA, UNM, VC, WOLF, XEL, SLV, IHI, EWO, EWK, EWQ, EWG, EIS, EWI, EWP, EWD, EWL, THD, EWU, IBB, PHO, SSO, XLF, XHB, XRT, VHT. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 9/20/22. Slider Trading Quiz! Standard Pacific: SPF

$ $ $

I show another slider trading quiz featuring Standard Pacific: SPF, support and resistance stock.

$ $ $

Here's a symbol list of 226 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AYI, AES, ATSG, ALL, AEE, AEP, AFG, AMWD, AMN, AON, ATR, ARCB, ACGL, AWI, ARW, AGO, ADP, AVA, AXS, BMI, BCPC, BZH, BIO, BKNG, BAH, BG, CLS, CX, CRL, CHS, CTXS, CLNE, CNA, CNO, CMTL, CONN, COP, COTY, CROX, CCK, CTS, DECK, DDS, D, DRQ, DUK, EXP, EBAY, RE, EXC, FIS, FLEX, FLS, FORM, FTNT, FCX, FDP, GPS, IT, GD, EVRG, THG, HSC, HAYN, HQY, HTLD, HL, HSII, DHI, HURC, IEX, IDXX, ILMN, INCY, NSP, IBP, ITGR, INTC, IPAR, IPG, ISRG, JBLU, KALU, KBH, KMT, KFRC, LZB, LANC, LEG, LEN, LLY, RAMP, L, MHO, MTSI, MAN, MRTN, MTRN, MDC, MGEE, MLI, NTAP, NJR, JWN, NWPX, NUS, NVDA, ORI, ASGN, OTEX, OMI, OXM, PNW, PLXS, PINC, PFG, PGR, PEG, PHM, KWR, DGX, RL, RMBS, RJF, RGS, RGA, RLI, RHI, SCHW, SAIC, SEE, SEIC, SIGI, SLGN, SKX, SCCO, SXI, SUM, TECH, TFX, TPX, TOL, TSCO, TG, UNM, VMI, WRB, WAT, WSO, WOLF, WWW, ITA, IAI, IYC, IYE, IHE, DDM, FTEC, QTEC, FXL, IAT, SLV, IGE, IYF, EWO, EWK, EWQ, EWG, EWH, EIS, EWI, EWJ, EWP, EWD, EWL, THD, TUR, EWU, PPA, PEJ, PHO, ROBO, IEV, IXC, IXN, SSO, XLP, XLF, XLI, XAR, VHT, VIS, VAW, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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 9/19/22. 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 S&P 500 index on the daily scale. Not much has happened on this chart.

I drew a red up-sloping trendline. It touched valley A, dips below it for one price bar before recovering.

At B, we see a hammer candlestick, which is supposed to "hammer" out a bottom. However, my tests reveal it works 60% of the time as a bullish reversal (meaning price turns upward). Compared to all 103 candles, where 1 is best, it places 65th.

I drew line C from B to the left to help show where support might be.

What does all of this mean? Hard to tell. The hammer suggests an upward move will happen. Clearly, the strong move down during the past week, price will retrace that down move. It could happen on Monday or the down move might continue.

I think you'll see the index move higher after the FED meeting ends this 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

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 over.

Here's a symbol list of 261 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AYI, ADBE, ALRM, ALK, ALKS, ALL, AMZN, DOX, AMED, AEE, AXP, APH, APOG, AAPL, ARCB, ARW, AGO, ADSK, AVY, AVNT, AZTA, BMI, BCPC, BALL, BZH, BERY, BIO, BIIB, BA, BKNG, BFH, BLDR, BG, CBT, CE, CLS, CRL, CHS, CINF, CSCO, CNO, CTSH, CMTL, COP, GLW, CR, CW, DDS, ^DJT, ^DJI, D, DUK, EXP, EMN, EBAY, EMR, EPAM, EFX, EQT, EL, EXPD, EZPW, FFIV, FICO, FDX, FIS, FISV, FIVN, FLEX, FLS, FMC, FWRD, FCX, GE, GPRO, GGG, EVRG, GFF, HAYN, HQY, HTLD, HP, HUBG, JBHT, HURC, IDA, IEX, IDXX, TILE, IPG, IPI, ISRG, NVTA, KALU, KMT, KLIC, LAMR, LEG, L, MHO, MTSI, MANH, MAN, MDC, META, MU, MS, MOS, MLI, MYGN, ^IXIC, NFG, NOV, NCR, NTGR, NTAP, NWL, NWPX, OLN, PKG, PANW, PTEN, PAYX, PNW, PLXS, POR, PPG, PFG, PGR, PEG, KWR, QCOM, RL, RJF, RHI, ^GSPC, SAIA, CRM, SCHW, SEE, SEIC, SHW, SKX, SCCO, LUV, SWN, SXI, SCS, SUM, TPR, TECH, TEVA, TXT, TKR, UPS, UNM, VFC, V, WAT, WSO, WERN, WMB, WOLF, ITA, IYM, IAI, IYK, IYC, ITB, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, IYH, IYZ, IGV, SLV, IYF, EWA, EWO, EWZ, EWC, EEM, EWQ, EWG, EIS, EWM, EWW, EZA, EWP, EWD, EWL, EWT, THD, QLD, PPA, PEJ, PHO, ROBO, IEV, ILF, SSO, MXI, XLY, XLP, XLF, XHB, XLI, XLB, SPY, XAR, UNG, USO, VHT, VIS, VAW, MGK. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 9/16/22. Pattern Trading Setups for the Weekend.

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Here's a symbol list of 138 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ADTN, ALK, AA, ALL, AEE, AEP, AXP, APA, ACGL, ASH, AGO, ADSK, AVNT, BMI, BCPC, BALL, BSET, BBY, BKNG, BAH, BBW, CBT, CALM, CLF, CLX, CNO, CL, CMCO, CMTL, CONN, CCRN, CSGS, DDS, D, DOV, DUK, EPAM, EQT, FLEX, FLS, FMC, FCX, FDP, GIS, EVRG, GFF, HE, HAYN, HQY, HL, HP, HUBG, HURC, IDA, IEX, ITGR, ISRG, JKHY, KALU, K, KMT, KLIC, LANC, LDOS, MTSI, MTRN, MS, NTAP, NEE, NI, OLN, OUT, PETS, PNW, POR, PFG, PGR, PEG, RL, RJF, RHI, RCKY, ROG, CRM, SCHW, SRE, SKX, SCCO, SWN, SCS, TFX, RIG, UGI, UNM, VLO, VMI, WOLF, XEL, IYM, IYK, DDM, FTEC, ICF, SLV, EWO, EWC, ECH, EIS, EWM, EWW, EWY, EWP, THD, QLD, SSO, XLY, XLP, GLD, XLI, XLB, XLK, USO, VAW. Clink this link for details (pattern type, start and end dates).

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

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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 9/15/22. Bitcoin Cryptocurrency

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

$ $ $

I show a picture of the cryptocurrency bitcoin.

The currency shows some movement beginning with a rising wedge at A. The two converging lines show the wedge shape. The breakout from a rising wedge is often downward, as in this case (the drop to C).

At C, outlined in blue, is a descending triangle. This chart pattern also has two converging trendlines but the bottom one is horizontal. In this example, the currency breaks out downward. However, the coin doesn't drop far before reversing and busting the downward breakout. As you can see, the upward move turned into a strong push higher.

Recently, the coin threw back (B) to the triangle's apex (which is common). It suggests the upward move will resume soon.

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Here's a symbol list of 344 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, ACN, AYI, AES, AFL, APD, AKAM, AA, DOX, AMED, AXP, AMWD, ABC, APH, AON, APA, APOG, AMAT, ATR, AWI, ARW, AIZ, AGO, ADSK, ADP, AVY, AVNT, AXS, BMI, BALL, BSET, BECN, BZH, BERY, BBY, BIG, BIO, BIIB, BKNG, BOOT, BRC, BFH, BMY, BLDR, CBT, CDNS, CAL, CPB, CE, CX, CENX, CRL, CHKP, CHS, CSCO, CLF, CNA, CNO, CGNX, CTSH, CMTL, CONN, COST, CR, CRH, CCRN, CCK, CTS, DECK, XRAY, DDS, ^DJT, ^DJI, DRQ, BOOM, EXP, EMN, EBAY, ELV, EMR, EPAM, EFX, EQT, EVH, EZPW, FFIV, FICO, FAST, FIVN, FLEX, FLS, FMC, FORM, FTNT, FCX, FDP, GPS, GE, GPN, GL, GS, GGG, GFF, GES, HSC, HIG, HL, HELE, HP, HSIC, HNI, HOLX, HD, HON, DHI, HUBG, HURC, ITW, ILMN, INCY, IBP, IIIN, ITGR, INTC, IPI, ISRG, JKHY, JBLU, JNJ, KALU, KBH, K, KMT, KFRC, KBAL, KLAC, KSS, KLIC, LZB, LH, LRCX, LAMR, LEG, LEN, LNC, LOW, MHO, MTSI, M, MAN, MLM, MAS, MA, MDC, MDT, MRK, META, MU, MSFT, MLKN, MCO, MS, MYGN, NBR, NCR, NTAP, NJR, NWL, NXGN, JWN, NWPX, NUS, NVDA, ORI, OLN, OMC, ASGN, OTEX, OMI, OXM, PKG, PANW, PDCO, PAYX, PRFT, PFE, POR, PPG, PFG, PRU, PEG, PHM, KWR, DGX, RL, RJF, RGA, RLI, RCKY, ROST, SAIA, CRM, SCHW, SMG, SEE, SEIC, SMTC, SHW, SKX, SCCO, SWN, SXI, SCS, SUM, SRDX, SNPS, TPR, TGT, TECH, TDC, TER, TEVA, TJX, TOL, TSCO, TREX, SLCA, UPS, UNM, VFC, VMI, VRSN, V, VMC, WAT, WSO, WU, WLK, WSM, WOLF, WWW, WDAY, ITA, IYM, IAI, IYK, ITB, DDM, FTEC, FXL, ICF, IYH, IHF, IAT, IYZ, IGV, SLV, IYF, IHI, EWA, EWO, EWK, EWC, EEM, EWH, EIS, EWJ, EWM, EWW, EPP, EWS, EWP, EWD, EWL, EWT, THD, PPA, PXJ, PHO, ILF, MXI, XLY, XLP, XLF, GLD, XLV, XHB, XLI, XLB, XRT, XLK, UNG, VHT, VIS, VAW. Clink this link for details (pattern type, start and end dates).

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

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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 9/14/22. 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.

As one would expect, the chart pattern indicator turned bearish because the stocks I follow tumbled. That flipped the indicator from bullish (green line) to neutral (white bar) and on to a red bar (bearish). You can see that on the far right of the chart.

Because the indicator bars cover the thin blue CPI line at the bottom of the chart, we can't see what happened with the indicator today. However, the signal reached 2.9%, which is near the 0% bottom and well below the 35% neutral zone.

My gut feeling is that we'll continue lower for a few days and maybe stage a rebound when the FED meets next week.

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Both the red and blue lines are worse this week compared to a week ago. That's no surprise given the large drop today (Tuesday, Dow industrials dropped almost 1,300 points or 3.9%. The Nasdaq dropped 5.2%).

Even though both charts are bearish, I still believe that this is a temporary setback. I'm going to bottom fish to see if I can find an industry I don't already own that shows a rebound promise. In short, I'm buying the dip.

$ $ $

Here's a symbol list of 263 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AYI, ADBE, AEIS, AMD, AFL, APD, AKAM, AA, AMZN, DOX, AMED, AXP, ABC, AMGN, APH, APOG, AMAT, ATR, ADM, AWI, ASH, AGO, ADSK, AVY, AZTA, BMI, BCPC, BALL, BSET, BECN, BERY, BBY, BIO, BKNG, BOOT, BFH, BLDR, CBT, CDNS, CE, CLS, CENX, CHKP, CINF, CSCO, CTXS, CLNE, CNO, CGNX, CTSH, CMCO, CMTL, COST, CR, CMI, XRAY, DDS, DFS, DRQ, BOOM, EXP, EMN, EMR, EPAM, EFX, EQT, FFIV, FICO, FAST, FLEX, FLS, FMC, FORM, FCX, GPS, GD, GE, GIS, GGG, GFF, HBI, HSC, HL, HP, HSIC, HNI, HD, DHI, HOV, JBHT, HURC, INCY, IBP, IIIN, ITGR, IPAR, IPG, INTU, ISRG, JKHY, JBLU, KALU, KBH, K, KMT, KLAC, KLIC, LRCX, LAMR, LEG, LEN, LLY, RAMP, LOW, MHO, MTSI, M, MANH, MAN, MA, MDC, MRK, MU, MSFT, MLKN, MCO, MS, MOS, MYGN, NFG, NJR, NWL, NKE, NWPX, ORI, OLN, OMCL, OMC, ASGN, PKE, PDCO, PAYX, POR, PPL, PFG, PRU, PEG, PHM, KWR, QCOM, RL, RMBS, RJF, RLI, RCKY, CRM, SCHW, SEE, SKX, SCCO, SWN, SCS, SUM, SRDX, SNPS, TPR, TECH, TER, TEVA, TXN, TXT, TMO, TOL, TZOO, TREX, UNM, VMI, VRSN, V, WSO, WU, WLK, WEX, WOLF, WWW, ZBRA, ITA, IYM, IAI, IYC, ITB, IHE, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, ICF, IGV, SOXX, SLV, IYF, EWA, EWO, EWC, EWQ, EWM, EWW, EZA, EWP, EWD, EWL, EWT, EWU, QLD, PPA, PEJ, PHO, ROBO, IEV, IXN, SSO, MXI, XLY, XLP, XLF, XHB, XLI, XLB, XRT, SPY, XAR, XLK, SMH, VIS, VAW, MGK. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 9/13/22. Slider Trading Quiz! Southern Peru Copper: PCU

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I show another slider trading quiz featuring Southern Peru Copper: PCU stock (support and resistance).

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Here's a symbol list of 205 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ACN, ACIW, AYI, AES, APD, AYX, AMZN, AXP, AIG, AMN, APA, ARCB, ADM, ARW, BMI, BSET, BERY, BIO, BIIB, BKNG, BOOT, BMY, CBT, CE, CLS, CX, CENX, CF, CHKP, CVX, CSCO, CLX, CNO, CTSH, CMTL, ED, COP, CRH, XRAY, DDS, DFS, ^DJT, BOOM, EMN, WIRE, EOG, EQT, EXC, FFIV, FAST, FDX, FE, FISV, FLS, FTNT, FDP, GPS, GILD, GFF, HBI, HSC, HAYN, HL, HSIC, HNI, HD, HON, IDXX, INCY, INFN, ITGR, IPAR, IBKR, IPG, IPI, ISRG, JBLU, KALU, KBH, KSS, LAMR, LEG, LEN, LLY, LNC, LXU, MHO, MTSI, MANH, MAN, MTRN, MDT, MLKN, MCO, MS, MOS, ^IXIC, NWPX, OXY, OMC, ASGN, OTEX, OMI, PKG, POR, KWR, RL, RMBS, RHI, ROK, ROST, ^GSPC, SAIA, SAIC, SEIC, SLGN, LUV, SCS, SUM, TPR, TFX, TPX, TER, TEVA, TXT, TOL, UPS, VFC, VRTX, VMC, WU, WOLF, WWW, ZBRA, ITA, IYC, IHE, DDM, FTEC, FDN, FXL, BOTZ, QQQ, SLV, IGE, IEO, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWG, EWH, EIS, EWI, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWL, THD, TUR, EWU, QLD, PEJ, PXJ, PHO, ROBO, IEV, IXC, IXN, ILF, SSO, MXI, XLY, XLE, XHB, XLB, XRT, SPY, XLK, USO, VAW, MGK. Clink this link for details (pattern type, start and end dates).

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

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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 9/12/22. Market Monday: The Week Ahead

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

My Prediction

This is a chart of the Nasdaq on the daily scale.

At ABC, we see a three rising valleys chart pattern. It confirms as a valid chart pattern when the Nasdaq closes above the top of the chart pattern, at D.

Three rising valleys pattern has three valleys that appear similar in shape (all wide or all thin). The three need not follow a trendline, but each succeeding valley must be above the prior one.

A throwback occurs at E, which is typical behavior after a chart pattern breakout. That's when price retraces back to or near to the breakout price. It happens about half the time.

More recently, we see the retrace of the rise AF occur on the drop from F to G. It appears the retrace is over and the index should rise following the green line. That's not a guarantee, but it's what I expect.

About midway up, circled, a knot appears. I would expect the index to stall or even reverse here. I view is as a brief pause in the upward recovery.

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 over.

Here's a symbol list of 192 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, ADBE, AEIS, AJRD, APD, ALB, ALKS, AYX, AMZN, AXP, AIG, AMWD, ABC, APH, ANIK, AMAT, AXS, AZTA, BMI, BECN, BERY, BBY, BIIB, BKNG, BOOT, BAH, CBT, CDNS, CE, CF, CRL, CVX, CLX, CNA, CNO, CGNX, CTSH, CROX, CTS, CW, XRAY, DDS, ^DJI, D, DTE, EXP, EMR, EFX, EXC, FDS, FLEX, FLS, FMC, FORM, FTNT, FWRD, GME, GPS, IT, GGG, HSC, HQY, HTLD, HOLX, HOV, IEX, IDXX, INFN, IBKR, IPG, IPI, INTU, IVC, NVTA, KALU, KBH, KFRC, KLAC, KSS, LH, LRCX, LEG, LNC, MTSI, MANH, MCHX, MAS, MU, MCO, MS, MOS, ^IXIC, NCR, NXGN, NKE, NWPX, NVDA, OXY, OMC, OXM, PANW, PDCO, PYPL, PFG, PRU, KWR, RL, RJF, RNG, ROK, RCKY, ROG, ^GSPC, SLB, SCHW, NOW, SLGN, TDOC, TFX, TPX, TDC, TER, TXN, TXT, TKR, TREX, SLCA, UGI, VRTX, WERN, WLK, WOLF, ZBRA, ITA, IYM, IAI, IYC, IYE, ITB, IHE, DDM, FTEC, FDN, QTEC, FXL, BOTZ, IYH, IHF, IAT, IGV, SOXX, IGE, IYF, IHI, EWO, EWK, EWJ, EWS, EWP, EWL, THD, TUR, QLD, PPA, PBE, PJP, PHO, ROBO, IXC, IXN, SSO, MXI, XLY, XLE, XLF, XLV, XHB, XLI, XLB, SPY, XAR, XLK, USO, SMH, VHT, VIS, VAW, MGK. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 9/9/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 147 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AJRD, AFL, ALRM, AXP, AIG, ADM, AWI, AGO, ADP, AVY, AZTA, BMI, BECN, BBBY, BBY, BFH, CE, CF, CVX, CTXS, CMCO, CMTL, ED, CRH, CSGS, CTS, XRAY, DDS, DFS, D, EXP, EMN, ELV, EMR, FLEX, FLS, FMC, GPS, IT, GE, GIS, GL, GFF, HIG, HAYN, HSIC, ILMN, INFN, IIIN, IPI, IVC, KBH, K, KELYA, KLIC, LNC, RAMP, L, MHO, M, MNDT, MOS, MYGN, NFG, NCR, NTGR, NKE, NWPX, OXY, OMC, PANW, PDCO, PFE, PFG, PRU, RL, RJF, RGA, RES, CRM, SLB, SCHW, SUM, TECH, TDOC, TXT, TMO, TJX, TOL, TRV, SLCA, UGI, UNM, VMI, VEEV, VMC, WU, WLK, WMB, WOLF, ITA, IYM, IAI, IYC, IYE, IHE, DDM, BOTZ, IAT, IGV, SLV, IGE, IYF, IHI, ECH, EWW, EWS, EWL, TUR, IBB, PPA, PHO, ROBO, IXC, IXN, SSO, MXI, XLY, XLE, XLF, XLV, XLB, SPY, XAR, USO, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 9/8/22. 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.

The Nasdaq made an ascending scallop at A with turn C higher than the start of the pattern. However, the differences between the start and end are not as high as I like to see. Plus, the drop after the pattern ends is deeper than usual.

Turn B, with C and D almost equal, is a rounded bottom or more likely a descending scallop.

What I think we'll see is a retrace (drop) followed by a strong push higher. That's a guess, of course. The intraday scale doesn't behave as well as the daily or weekly scale. There's more noise involved, obscuring the real trend.

$ $ $

Here's a symbol list of 146 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADTN, AJRD, ALK, ALB, DOX, AMED, AEP, AEL, AIG, AMN, APOG, ACGL, ATO, AVA, AXS, BMI, BSET, BBBY, BIG, BKH, BFH, CAL, CE, CF, CVX, CMTL, ED, CONN, COP, CLR, CRH, CW, DDS, ^DJU, DTE, EIX, RE, FE, FLS, FCX, GME, IT, GIS, GL, GPRO, GGG, EVRG, GES, THG, HL, HP, HSIC, HSY, HOV, IEX, ILMN, IBP, IPI, IVC, NVTA, JAZZ, JNJ, KSS, LHX, LZB, LEN, L, MCHX, MRTN, MGEE, MS, MOS, MYGN, NFG, NCR, NTGR, NWL, OXY, OGE, PKG, PATK, PTEN, PNW, SAIA, SLB, SEE, SIGI, SKX, LUV, SWN, SR, SXI, SUM, SRDX, TPR, TGT, TPX, TXT, TSCO, SLCA, VMC, WMB, WOLF, IAI, IYK, IYC, IYE, IEZ, IDU, BOTZ, IGE, IEO, IYF, IHI, EWA, EWK, EWZ, EIS, EWS, EWT, TUR, PPA, PEJ, PHO, IXC, XLY, XLE, UNG, USO, VIS, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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 9/7/22. 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 pattern indicator (CPI) remains bearish because the tall red bar on the far right of the chart is the most recent signal. The thin blue line at the bottom of the chart remains flat and that's unusual.

We can see that a similar event happened in June and perhaps at other locations on the chart. Look what happened after June, though. The index climb in a stair-step fashion.

Even though the indicator is bearish, I think the downward move is about over. We've retraced enough and it's time to rise. So rise up ye' prices!

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 lines (red and blue) are worse off this week compared to a week ago. However, the wider view shows the red line making higher lows (June and July). That's bullish.

We might have a few more days of retracing before we start a new upward move. That's my guess anyway.

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Here's a symbol list of 135 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADTN, AES, ATSG, ALKS, DOX, AEL, AMWD, APOG, ATR, ACGL, ASH, BMI, BSET, BBBY, BFH, BBW, CAL, CE, CLS, CF, CRL, CHS, CHD, CIEN, CSCO, CTSH, COP, CLR, GLW, CRH, CCRN, CSGS, DDS, DUK, EXP, EIX, FDX, GME, GIS, GGG, EVRG, HSC, HE, HQY, HL, HNI, ILMN, INCY, IPI, KBH, K, KBAL, LEG, MLKN, MOS, MYGN, NBR, NFG, NOV, NCR, NTGR, NWL, NEU, NEE, NXGN, NKE, OMC, OUT, OXM, PANW, PKE, PATK, PNW, POR, PINC, PEG, PHM, SEIC, SMTC, SKX, SUM, TFX, TEVA, TZOO, TG, SLCA, VLO, VRTX, WMB, WOLF, ITB, IEZ, FXI, BOTZ, IYZ, IYF, EWA, EWH, EIS, EWJ, EWS, EWY, TUR, PPA, PBE, PEJ, XLP, XLF, UNG. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 9/6/22. Slider Trading Quiz!

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I show another slider trading quiz featuring St. Paul Travelers: STA stock.

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Here's a symbol list of 218 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AXDX, ACN, ACIW, AYI, ADTN, AES, AFL, AKAM, DOX, AXP, AFG, AMWD, APH, AON, APOG, AAPL, AMAT, ATR, ACGL, AWI, ASH, ADSK, BMI, BSET, BIO, BIIB, BA, BOOT, BAH, BBW, CE, CRL, CHKP, CHS, CIEN, CINF, CSCO, CLX, CNA, CTSH, CMCO, CONN, COP, GLW, COST, CROX, CMI, DHR, DECK, DDS, DFS, ^DJT, ^DJI, DUK, EMN, ELV, WIRE, RE, EXPD, FDS, FDX, FLS, FMC, FWRD, FDP, GME, GL, GOOGL, GGG, EVRG, GES, HBI, THG, HSC, HE, HQY, HNI, HON, JBHT, IEX, IDXX, ILMN, INFN, INTC, IPAR, TILE, IPG, ISRG, KELYA, KMT, KBAL, KMB, LAMR, LDOS, LLY, MANH, MAN, MAS, MA, MDC, MDT, META, MSFT, MLKN, MLI, MYGN, ^IXIC, NCR, NTGR, NTAP, NEE, NXGN, NKE, NVDA, ORI, OMCL, OMC, ASGN, OXM, PKG, PKE, PAYX, PYPL, PNW, POR, PPL, PG, PGR, PEG, RMBS, RJF, RGA, RLI, RHI, RCKY, RES, ^GSPC, SCHW, SAIC, SMG, SEIC, SIGI, SKX, SR, SXI, SNPS, TDOC, TFX, TEVA, TXN, TKR, RIG, SLCA, VFC, VLO, VRTX, V, WAT, WERN, WEX, WSM, WOLF, IYK, DDM, FTEC, FDN, FXI, QQQ, ICF, IYZ, SOXX, IYF, IHI, EWK, EWQ, EWG, EWH, EIS, EWI, EWP, EWL, EWU, QLD, PPA, PBE, PEJ, PHO, IEV, IXN, SSO, XLP, XLF, XLI, XRT, SPY, XLK, SMH, VIS, MGK. Clink this link for details (pattern type, start and end dates).

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

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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 9/2/22. Pattern Trading Setups for the Weekend.

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Here's a symbol list of 242 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ADBE, AEIS, AMD, AES, AFL, APD, ATSG, ALK, ALB, AA, DOX, AEO, AXP, APOG, AMAT, ARCB, ACGL, ASH, AVNT, BMI, BCPC, BALL, BSET, BERY, BBY, BFH, CBT, CDNS, CALM, CE, CX, CNP, CENX, CRL, CHKP, CHS, CIEN, CSCO, CLF, CTSH, GLW, COTY, CRH, DDS, DRQ, EMN, EBAY, EIX, EL, EXC, FFIV, FLEX, FLS, FMC, FCX, FDP, GME, GE, GIS, GL, GGG, GES, HSC, HIG, HL, HSII, HSIC, HNI, HOV, INCY, NSP, IBP, ITGR, IPAR, IBKR, IPG, INTU, JBLU, KALU, KBH, KELYA, KFRC, KBAL, KLAC, KLIC, LZB, LEG, LLY, LNC, RAMP, MHO, MTSI, MANH, MAS, MDC, MSFT, MLKN, MOS, MLI, ^IXIC, NCR, NTGR, NWL, NVDA, ORI, OLN, OMCL, OMC, OUT, OXM, PKG, PFE, PPG, PRU, QCOM, RMBS, RCKY, ROST, SAIA, CRM, SMG, SMTC, NOW, SKX, SCCO, LUV, SR, SXI, SSYS, SUM, SNPS, TGT, TER, TEVA, TXT, TKR, TOL, TRV, SLCA, VMI, VEEV, WLK, WSM, WOLF, ITA, IYM, ITB, FTEC, FDN, QTEC, FXL, FXI, BOTZ, ICF, IAT, IGV, SOXX, SLV, IYF, IHI, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWG, EWH, EIS, EWI, EWJ, EWW, EPP, EZA, EWP, EWD, EWL, THD, EWU, PPA, PBE, PEJ, PJP, PHO, ROBO, IEV, IXN, ILF, MXI, XLF, GLD, XLV, XLB, XAR, XLK, XLU, USO, SMH, VAW. Clink this link for details (pattern type, start and end dates).

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

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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 9/1/22. 2022 Forecast Update

Here's the updated 2022 forecast, presented in slider format.

Based on sector performance from Fidelity, the best performing sectors for year-to-date performance as of 30 August 2022 were... (The numbering is how they ranked a month ago.)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 8/1/22.

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 8/31. The numbering is how they ranked a month ago.

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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: ACIW, AFL, APD, ALK, ALKS, AYX, AEE, AIG, AMWD, AMN, APOG, ACGL, ATO, BMI, BBBY, BIG, BA, BOOT, CAL, CX, CF, CHS, CSCO, CLF, CLX, CGNX, CTSH, CAG, GLW, COST, COTY, CRH, CCK, CMI, DDS, DSGR, EMN, EIX, EL, FLS, FDP, GME, GPS, GGG, GFF, HLIT, HIG, HL, HNI, HOV, HURC, IIIN, IPAR, IVC, JBLU, KMT, KBAL, LHX, LEG, LLY, LNC, LOW, MHO, M, MCHX, MDC, MOS, NCR, NTGR, NEE, NXGN, ORI, OLN, OMCL, OUT, PKE, RL, SCHW, LUV, SWX, SCS, TPR, TEVA, TXT, TKR, TZOO, UNM, WERN, WU, WSM, WOLF, ITA, IYM, IYK, ITB, IDU, FXI, ICF, IAT, IYZ, SLV, IYF, EWA, EWC, ECH, EWH, EPP, EZA, EWT, EWU, PPA, PEJ, PHO, ROBO, MXI, XLP, XLF, GLD, XLV, XLI, XLB, VIS, VAW. Clink this link for details (pattern type, start and end dates).

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

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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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