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

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

Friday 9/29/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 104 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACN, AYI, AES, ALGT, ALL, AYX, AEO, APOG, AAPL, ADM, AVA, BERY, BAH, BRC, CAL, CLS, CNP, CHKP, CHS, CHD, CIEN, CTAS, CNX, CTSH, CMTL, COST, CTS, BOOM, EVH, FICO, FE, FLEX, FORM, FWRD, GME, GD, GNW, GS, HUN, ITW, INFN, IRM, JNJ, LZB, MTRX, MLKN, MS, NBR, NTGR, NTAP, NEE, NOC, NOVT, PDCO, PAYX, PNW, PINC, DGX, RCKY, ROG, R, SEIC, SIGI, SRE, STR, SKX, SWX, TDY, TPX, TMO, TRV, TREX, UNH, UNM, VFC, VLO, WU, WDAY, FXI, IYZ, MXI, ILF, SLV, EWK, EWZ, ECH, EWM, EWW, EWP, EWT, GLD. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 9/28/23. Bitcoin (BTC-USD) Resistance Ahead

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 bitcoin (BTC-USD) on the daily scale.

I didn't see much to write about on this chart. I drew a red trendline along the peaks to see where resistance might impede the currency from rising.

As the chart shows, the red line is likely to block much of a gain in the currency, at least in the short term. That's my view, anyway.

I've been wary about this setup going back more than a decade where I avoided buying Southwest Airlines because of the same overhead resistance. I made the right call because price touched the line and the stock dropped.

$ $ $

Here's a symbol list of 180 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADTN, AEIS, ALKS, AMWD, AAPL, ATR, AVA, BAX, BERY, BSX, BFH, BRKR, CALM, CNP, CENX, CF, CVX, CHD, CIEN, CTAS, CSCO, CNX, CTSH, CXW, GLW, COTY, CRH, CCK, DFS, DOV, DRQ, EBAY, EMR, EOG, EZPW, FFIV, FLEX, FORM, FNV, FCX, GS, GOOGL, GES, THG, HIG, HSIC, HNI, HOLX, DHI, IEX, ITW, ILMN, NSP, PODD, IRM, JAZZ, JNJ, KMB, LMT, LOW, MTSI, M, MTDR, MDT, MRK, MU, MCO, MS, MOS, MLI, MUR, NBR, NTGR, NEE, NKE, NOVT, NUS, NTNX, OGE, ORI, OMCL, ASGN, ORCL, PKE, PDCO, PAYX, PYPL, PEN, PETS, PCG, PXD, PLXS, DGX, RRC, RCKY, ROG, ROST, RGLD, SAND, SIGI, SCI, SHOP, SXI, TDY, TJX, TOL, RIG, TG, TREX, TWLO, SLCA, VFC, WMT, WSO, WPM, WWW, IYM, IAI, IYK, ITB, IHE, IDU, FXL, ICF, IAT, IYZ, ILF, SLV, EWO, EWK, EWZ, EWC, ECH, EEM, EWG, EIS, EWJ, EWM, EWS, EZA, EWY, EWL, EWT, THD, EWU, ROBO, GLD, XLI, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 9/27/23. 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.

The index has plunged, or I should say, it has continued to plunge.

The vertical red bar on the far right of the chart is the sell signal. It joins with a prior bearish signal to indicate a move lower. Now, it seems the index is in free-fall.

To put a positive spin on this drop, it's a buying opportunity.

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 lower today than they were a week ago. Although things look bad, I am expecting a quick V-shaped turn higher. I don't know when that will happen, but I believe it will happen.

I reiterate that this drop is a buy-the-dip opportunity. I don't know if we'll be buying too soon, so the entry is high risk. Let me also say that bottoms tend to be V-shaped and tops are more rounded looking. That's hard to see from the charts but it's true. It's also true that price drops at least twice as fast as it rises.

The word on the street today (Tuesday) is that interest rates are making traders nervous. I read a report from a large consulting firm that said interest rates will remain where they are until the middle of next year. After that, they'll decline. I also heard some say that they expect one more interest rate increase before year end (2023).

Regardless of which view is correct, the end of interest rate increases is a lot closer now than when all of this started. So in a year or so, we should see interest rates start to drop. That will propel the markets higher. So collect your cash and be prepared to nibble as the market drops. That's what I have been doing and will continue to do.

$ $ $

Here's a symbol list of 172 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ALB, AA, APA, APOG, AAPL, AVNT, AVA, AZTA, BAX, BERY, BIIB, BAH, BFH, BCO, BRKR, CACI, CPB, CNP, CDAY, CIEN, CTAS, CSCO, CTSH, CAG, GLW, CCK, CW, EMR, FFIV, FISV, FLEX, FORM, FNV, FCX, GE, GS, HBI, HSIC, DHI, JBHT, IDA, ITW, NSP, IBKR, IRM, KALU, KEYS, LANC, RAMP, LMT, LOW, MGY, MKTX, MAS, MTDR, MDT, MU, MLKN, MCO, MS, MOS, NBR, NTGR, NEWR, NWL, NEU, NUS, OXY, OMCL, ON, ORCL, PKE, PDCO, PAYX, PETS, PCG, PFG, PG, QTWO, RL, RRC, RCKY, ROG, ROL, SAND, SAIC, SMG, SIGI, SCI, SHOP, SCCO, LUV, SPLK, SXI, SRDX, TFX, TPX, TTD, TJX, TZOO, UHAL, SLCA, WPM, WSC, WWW, IYM, IAI, IYK, IYE, ITB, IHE, IDU, FXL, ICF, IYH, IHF, IAT, IYZ, ILF, SLV, EWO, EWK, EWZ, EEM, EWG, EWH, EIS, EWJ, EWW, EZA, EWY, EWP, EWL, THD, TUR, DBA, SSO, ROBO, XLP, GLD, XLV, XHB, XLI, SPY, UNG, USO, VIS, VAW, VONG. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 9/26/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring ascending scallops.

$ $ $

Here's a symbol list of 180 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ATSG, ALB, AA, ALL, AEE, AR, APA, APOG, AGO, AVY, AVNT, AZTA, BAX, BZH, BIG, BIIB, BOOT, BAH, BFH, BCO, BR, BRKR, BBW, CBT, CACI, CALM, CLS, CENX, CIEN, CLNE, CNO, COTY, CCRN, CCK, CSGS, BOOM, EBAY, ECL, EIX, EOG, FAST, FDX, FE, FISV, FORM, FWRD, FNV, FCX, GE, GNW, GPN, GL, HBI, HE, DHI, NSP, IIIN, IPAR, TILE, IPI, IRM, JNJ, KELYA, KMT, KEYS, LHX, LZB, MHO, MKTX, MU, MLKN, MOS, MYGN, NOV, NTGR, NWL, NI, NWPX, NUS, OXY, OTEX, PKE, PAYX, PEN, PETS, PPL, PFG, PG, QTWO, RL, ROST, R, ^GSPC, SAIA, SAND, SMG, SKX, SCCO, LUV, SRDX, TFX, TPX, TEVA, TXT, TTD, TDG, TG, UIS, UNH, UNM, WAT, WSM, IYM, IYK, IHE, DDM, FXI, IYH, IAT, IYZ, IEV, MXI, ILF, IEO, EWO, EWK, EWZ, EWQ, EWG, EWI, EWJ, EWP, EWD, EWL, TUR, EWU, QLD, IBB, DBA, SSO, XLP, XLE, XLV, XHB, XLI, SPY, XLU, VHT, VIS, VAW, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 9/25/23. Market Monday: The Week Ahead

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

My Prediction

Shown is a chart of the Dow utilities on the daily scale.

Let's start with the chart pattern on the far left of the chart. It's a weird looking head-and-shoulders top. That's a chart pattern with a centrally-located head above and straddling two shoulders. In this example, the left shoulder is uncomfortably above the right shoulder. The unbalance is so remarkable that I'm tempted to call it a double top (LH).

Regardless of what you call it, the drop after the topping pattern proved significant.

More recent is the inverted variety of the head-and-shoulders, labeled here as LS, Head, and RS. In this example, the right shoulder (RS) hasn't completed. By that, I mean the index could drop more instead of forming a valley.

I'm expecting more of a decline on RS.

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 303 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ATVI, ADBE, AEIS, AMD, AES, ATSG, AKAM, ALL, AMZN, AMED, AXP, APH, AWI, AIZ, ADSK, AVNT, AXS, AZTA, BMI, BSET, BERY, BBY, BIG, BIO, BIIB, BKH, BOOT, BFH, BCO, BRKR, BLDR, CBT, CPB, CX, CDAY, CVX, CHS, CIEN, CTAS, CNO, CXW, GLW, CSGP, COTY, CCK, CTS, DHR, XRAY, DFS, ^DJI, D, DOV, BOOM, EXP, EMN, EBAY, ECL, EIX, EMR, EFX, EVH, EXPI, FICO, FARO, FIS, FE, FISV, FORM, FWRD, FCX, IT, GE, GNW, GPN, GMS, GS, GOOGL, GES, HBI, HLIT, HE, HTLD, HL, HOLX, HD, DHI, HOV, HWM, HUBG, JBHT, HUN, IEX, IDXX, ILMN, IBP, IIIN, PODD, INTC, IPAR, TILE, NVTA, JNJ, KBH, KMT, KEYS, LHX, LZB, LNC, RAMP, LMT, LOW, MAN, MAS, MA, MDC, MDT, MGEE, MU, MSFT, MLKN, MCO, MS, MOS, MYGN, ^IXIC, NTGR, NWL, NKE, NI, JWN, NWPX, NOVT, NUS, OLN, OMCL, OR, OUT, OXM, PANW, PATK, PAYX, PCTY, PYPL, PEN, PNW, PPL, PFG, PRU, PHM, PSTG, QTWO, RL, RJF, RGA, RCKY, ROG, ROST, ^GSPC, SAIA, CRM, SCHW, SAIC, SEE, SHW, SHOP, SCCO, SR, SPLK, SPSC, SUM, TPR, TGT, TDOC, TPX, TXN, TTD, TOL, TG, UHAL, UNH, UNM, VEEV, V, WAT, WSO, WLK, WSC, ZBRA, ITA, IYM, IAI, IYC, ITB, IHE, IDU, DDM, FTEC, FDN, FXL, ICF, IYH, IAT, IYZ, IEV, IGV, MXI, ILF, SLV, IYF, IHI, EWA, EWO, EWK, EWZ, EWC, ECH, EWQ, EWG, EWI, EWM, EWW, EPP, EWS, EZA, EWP, EWD, EWL, EWU, IBB, PPA, DBA, PBE, PEJ, PJP, PHO, SSO, ROBO, XLY, XLF, XLV, XHB, XLI, XLB, XRT, SPY, XAR, XLK, XLU, VHT, VIS, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

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

$ $ $

Here's a symbol list of 371 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, AXDX, AYI, ADTN, AMD, AES, ALB, AA, ALL, AYX, AMZN, AMED, AEL, AXP, APH, APOG, AAPL, ATR, ANET, AGO, ADSK, ADP, AVNT, AZTA, BMI, BCPC, BSET, BECN, BZH, BERY, BIO, BKH, BKNG, BOOT, BRC, BCO, BMY, BRKR, BLDR, CBT, CACI, CDNS, CE, CLS, CDAY, CIEN, CINF, CTAS, CSCO, CNO, CGNX, CTSH, CL, GLW, COTY, CROX, CCRN, CTS, CW, XRAY, DSGR, ^DJI, DOV, DRQ, BOOM, EXP, EMN, EMR, EFX, EL, EXPD, EZPW, FARO, FISV, FTV, FCX, GME, IT, GE, GNW, GPN, GMS, GOOGL, GGG, HBI, HAYN, HQY, HTLD, HNI, HOLX, HD, HON, DHI, HOV, HWM, HUN, IEX, ITW, ILMN, INFN, NSP, IBP, IIIN, PODD, ITGR, INTC, IPAR, TILE, INTU, ISRG, NVTA, IRM, KALU, KELYA, KMT, KLAC, LHX, LEG, LEN, LLY, LNC, LMT, LOW, MHO, MAS, MA, MDC, MU, MLKN, MCO, MOS, MYGN, ^IXIC, NOV, NEWR, NWL, NEE, NKE, NWPX, NOVT, NUS, NVDA, ORI, OLN, OMCL, OMC, ON, OTEX, OUT, PANW, PKE, PATK, PAYX, PCTY, PYPL, PEN, PETS, PNW, PPG, PHM, PSTG, QTWO, KWR, QCOM, RL, RJF, RNG, ROK, RCKY, ROG, ROL, ROST, ^GSPC, CRM, SAND, SCHW, SAIC, SEE, SCI, NOW, SHOP, SLGN, SCCO, SR, SPSC, SCS, SRDX, SNPS, TPR, TRGP, TGT, TDOC, TDY, TFX, TPX, TTD, TMO, TKR, TOL, TSCO, TDG, RIG, TG, TREX, TWLO, UHAL, VMI, VEEV, V, VMC, WMT, WAT, WLK, WMB, WOLF, WWD, WDAY, ZBRA, ITA, IYM, IYK, IYC, ITB, IHE, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, ICF, IYH, IAT, IYZ, IGV, MXI, IXN, SOXX, IYF, IHI, EWZ, EWC, ECH, EEM, EWG, EWH, EIS, EWJ, EWM, EPP, EWS, EWY, EWL, EWT, THD, QLD, IBB, PPA, DBA, PBE, PEJ, PJP, PHO, SSO, ROBO, XLY, XLV, XHB, XLI, XLB, XRT, SPY, XAR, XLK, XLU, UNG, SMH, VHT, VIS, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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 9/21/23. 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.

Not much movement except downward appears on the chart.

I show the downtrend with the red trendline.

Notice that at A, the index has dropped below the red line. That suggests a continued drop in the index. That's it!

$ $ $

Here's a symbol list of 239 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, ACIW, AYI, ADTN, AKAM, ALK, ALB, ALGT, ALL, AMED, AEL, AXP, AME, AMN, APH, AON, AAPL, AVNT, BMI, BAX, BZH, BIO, BKNG, BOOT, BRC, BR, BRKR, BLDR, CDNS, CE, CX, CDAY, CRL, CHS, CIEN, CTAS, CSCO, CLX, CNO, CTSH, GLW, COTY, CROX, CCRN, CSGS, CW, DSGR, BOOM, EMN, ELV, EME, EMR, EFX, EG, EXPI, XOM, FARO, FRD, GE, GNW, GMS, GS, GOOGL, HBI, HE, HQY, HSII, HOLX, DHI, HWM, ITW, IIIN, INTC, IPAR, TILE, ISRG, KBH, K, KLAC, KSS, LHX, LANC, LEN, LNC, LOW, MHO, MANH, MAN, MCHX, MAS, MDC, MU, MSFT, MLKN, MS, MOS, MLI, MYGN, NBR, ^IXIC, NFG, NFLX, NJR, NEWR, NWL, JWN, NUS, ORI, OMC, PKE, PATK, PDCO, PAYX, PCTY, PYPL, PEN, PETS, POR, PFG, PHM, PSTG, QTWO, QCOM, RTX, RGS, RNG, RLI, RCKY, ROG, ROL, ROP, RGLD, ^GSPC, SLB, SIGI, SHOP, SLGN, SMAR, SCS, SRDX, SNPS, TPR, TDOC, TDY, TPX, TER, TXN, TXT, TMO, TOL, TDG, TG, TREX, TWLO, UGI, UIS, UNH, UNM, VMI, VRSN, VRTX, WAT, WSO, WOLF, WDAY, ZBRA, ITA, IYM, IYC, ITB, FTEC, QQQ, IGV, IXN, IYF, EWA, EWO, EWH, EWI, EWM, EWS, EWY, EWP, THD, QLD, IBB, SSO, XLY, GLD, XHB, XLB, SPY, XAR, XLK, SMH, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 9/20/23. A Look At Indicators

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

The CPI is bearish. Maybe it's waiting for the FED to say they are doing nothing for a while longer (in terms of raising interest rates). Their outlook might move the market.

Weakness this month is common, so the CPI showing a bearish turn is expected.

Starting last February, we saw three bearish signals in a row and you can see how far the index dropped. Will we see another drop like that? Maybe. We're already most of the way there. It would mean a drop to about 235 (right scale). I found that by using a ruler to measure the height of the Feb drop and applying it to the July peak.

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).

Note that I changed the chart from the S&P 500 to the Dow industrials. I thought that there might be some difference but there doesn't seem to be.

Both red and blue lines this week show no change from a week ago. That could be because I was playing around with the code and could have erased the prior week's results...

The red line, the more sensitive of the two, continues to trend lower from the July peak.

According to these two bearish charts, it says the retrace will continue. The FED announcement on Wednesday might change that.

$ $ $

Here's a symbol list of 193 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ADBE, ALB, AMZN, AEO, AXP, AMGN, APH, AON, AAPL, ATR, ARCB, AVNT, AVA, AZTA, BMI, BCPC, BZH, BSX, BFH, CLS, CX, CDAY, CIEN, CTAS, CSCO, CLF, CLX, CNA, CNO, CTSH, CMTL, ED, CONN, CXW, GLW, CRH, DHR, XRAY, DSGR, DTE, BOOM, EXP, EBAY, EMR, EPAM, EQT, EG, XOM, FARO, FAST, FORM, FTV, FWRD, FNV, FCX, FRD, GME, GIS, GNW, GS, HD, HWM, HURC, ITW, ILMN, INFN, IIIN, INTC, IPAR, TILE, IPI, INTU, K, KSS, LHX, LH, RAMP, LMT, MTSI, MAS, MLKN, MS, MYGN, NBR, NFG, NJR, NOVT, NUS, OGE, OMI, PKE, PYPL, PEN, PFG, KWR, RGA, RLI, ROK, RCKY, ROG, ROP, RGLD, RES, R, SAIA, SAND, SLB, SEE, NOW, SHOP, SLGN, SRDX, TRGP, TFX, TDG, TG, SLCA, UNM, VLO, VMC, WAT, WSO, WU, WPM, WSC, ITA, IYM, IYC, IHE, FDN, ICF, IYH, IHF, MXI, IXN, EWC, EWS, EWP, EWT, THD, PXJ, PHO, SSO, XLY, XLP, GLD, XLV, XHB, XLI, XLB, SPY, XAR, XLU, UNG, VHT, VAW, VONG. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 9/19/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Triple tops stock.

$ $ $

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: AXDX, ACIW, ADTN, AMD, AFL, A, APD, ALB, AMED, AEO, AXP, ANIK, AON, AAPL, ATR, AVNT, AVA, AZTA, BMI, BCPC, BSET, BZH, BBY, BIIB, BKNG, BFH, BBW, CHD, CIEN, CTAS, CLNE, CLX, CNA, CXW, CRH, CTS, CMI, EXP, EQT, EG, EZPW, FFIV, FAST, FE, FMC, FORM, FRD, GILD, GOOGL, GES, HBI, THG, HAYN, HQY, HD, HURC, INCY, IIIN, TILE, IPI, NVTA, KALU, KSS, LHX, LZB, LH, LOW, LXU, MTSI, M, MAS, MTRN, NEU, NEE, NOVT, ON, OMI, PETS, PFE, KWR, RLI, RCKY, ROG, ROL, ROP, RGLD, RES, SAIA, SBH, SAND, SEE, SKX, SCCO, SPLK, SRDX, TGT, TFX, TMO, TDG, RIG, TG, UHAL, SLCA, VMC, WSO, WPM, WSM, WOLF, WWW, WWD, QTEC, FXI, ICF, EWC, EWH, THD, TUR, PBE, PJP, XHB, XLB, SPY, UNG, VHT. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 9/18/23. 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 chart.

At A is a chart pattern called a symmetrical triangle. It's not a good representation of a sym tri because of the last touch on the right. Price on the bottom doesn't form a minor low, at least it hasn't yet.

At B we see a weird looking double bottom. I say weird because price doesn't trend downward into the chart pattern, making it act more like a topping pattern instead of a twin bottom. It confirms as a valid chart pattern when the index closes above C, the peak between the two bottoms.

What does all of this mean for this week's price movement. Hard to tell. The sym tri can break out in any direction, but it favors an upward breakout (in stocks) 60% of the time.

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 147 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, ACIW, ATVI, APD, ATSG, AKAM, AA, AMED, AEO, AMWD, AAPL, AMAT, ATR, ANET, AVNT, AVA, AXS, BSET, BECN, BZH, BIIB, BKNG, BFH, BBW, CDNS, COR, CDAY, CIEN, CTAS, CSCO, CLNE, CLX, CNA, CTSH, CXW, COTY, CSGS, ^DJI, EXP, EQT, EL, EG, EZPW, FORM, GILD, GMS, HOLX, HD, DHI, HWM, HUBG, HURC, IBP, IIIN, PODD, IPAR, TILE, IPG, IPI, INTU, JNJ, KEYS, KLAC, LRCX, LEN, LLY, RAMP, LOW, MHO, MTSI, MAN, MCHX, MAS, MDC, NEE, NKE, NOVT, OMC, ON, OMI, PATK, KWR, REGN, ROG, ROP, RGLD, ^GSPC, SAIA, SAIC, SEE, SIGI, SCI, SHW, SCCO, SPLK, SSYS, SRDX, TFX, TER, TEVA, TDG, RIG, TREX, UGI, VECO, V, VC, VMC, WPM, ITB, ILF, EWA, EWK, EEM, EWM, EWS, EZA, EWL, THD, EWU, DBA, PBE, PJP, ROBO, XHB, 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.

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

-- Thomas Bulkowski

Friday 9/15/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 157 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, ATVI, AEIS, A, ATSG, ALK, AA, DOX, AEO, AMWD, AAPL, ATR, AVNT, AVA, BAX, BECN, BERY, BBY, BKH, BR, BRKR, CAL, CPB, CE, CF, CRL, CIEN, CTAS, CNO, CNX, CXW, CSGP, CRH, DHR, XRAY, FANG, DFS, DOV, DRQ, DTE, EXP, EIX, EFX, EXC, FLEX, FORM, FWRD, FCX, GIS, HIG, HL, HNI, HWM, HURC, IDA, INFN, IIIN, PODD, TILE, IPI, NVTA, IRM, JNJ, KALU, LRCX, LAMR, LLY, LNC, MHO, MTSI, MCHX, MKTX, MRTN, MAS, MA, MDT, MU, MS, NBR, NFG, NJR, NOVT, OXY, OGE, ON, OMI, PRFT, PNW, PPL, PRU, KWR, DGX, ROK, ROG, RES, SAIA, SAIC, SEE, SIGI, SLGN, SCCO, SWX, SWN, SPLK, SCS, SSYS, SRDX, TFX, TDG, TRV, UGI, UIS, UPS, VMC, WRB, WAT, WMB, IYK, IHE, IDU, ICF, SOXX, SLV, IGE, EWC, EEM, EWQ, EIS, EWJ, EWL, EWT, TUR, EWU, PPA, DBA, PBE, PEJ, XRT, XLU, UNG, USO, SMH. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 9/14/23. Thursday 9/14/23. Ethereum (ETH-USD)

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

$ $ $

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

Nothing struck me as being a chart pattern worth noting so I drew the red channels just to confuse the issue with facts.

The blue channel is different though. I don't usually like to draw trendlines through price unless the puncture is near the line's end. In this case, however, notice how the peak at A mirrors the drop at B (the height of each, that is).

That behavior reminds me of the trendline measure rule. Of course, peak A rises before the drop at B whereas the measure rule would predict the height of A using B.

See the link for deets.

$ $ $

Here's a symbol list of 181 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, ACIW, ADBE, ATSG, AA, AMZN, DOX, AEO, AMWD, ANIK, APA, APOG, AAPL, ATR, AWI, AIZ, AVNT, AVA, AXS, AZTA, BMI, BCPC, BAX, BZH, BERY, BBY, BIIB, BRC, BFH, BMY, BR, CBT, CACI, CLS, COR, CNC, CRL, CIEN, CINF, CLX, CNX, CXW, COST, CRH, CCRN, DVN, DDS, DSGR, ^DJI, DOV, DRQ, EXP, EMN, EIX, EFX, EXC, FIS, FLS, FORM, FTV, GPS, GD, GMS, GOOGL, GPRO, GFF, HIG, HL, HNI, DHI, HWM, HUM, HURC, IDA, IBP, IIIN, TILE, IPG, IPI, NVTA, JBLU, KELYA, KSS, LHX, LH, LAMR, LDOS, RAMP, MHO, MTSI, M, MCHX, MAS, MDC, MSFT, MS, MOS, MYGN, NFG, NOV, NOVT, OMC, ASGN, OTEX, OR, OMI, PKE, PTEN, PAYX, PNW, PPG, QTWO, KWR, RJF, RLI, ROK, ROG, R, SAIA, SBH, SCHW, SEE, SIGI, LUV, SWN, SXI, SCS, SSYS, SRDX, SNPS, TPR, TER, TDG, TZOO, SLCA, UGI, UIS, VMC, WRB, WU, WPM, WSM, WSC, WOLF, IYM, IEZ, DDM, ICF, IAT, IYZ, ILF, EWZ, ECH, EWM, EWD, THD, DBA, PBE, PXJ, GLD, XHB, XLI, XRT, UNG, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 9/13/23. A Look At Indicators

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

The CPI remains bearish this week, suggesting there is more bad news to come.

The most recent signal appears as a vertical red bar on the far right of the chart. The indicator line, near the bottom of the chart, shows it just below neutral, so that's positive (suggesting the drop isn't as severe as it could be).

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 blue and red lines are bearish this week compared to last week.

Notice that both lines peaked in August and have been falling since. Of course, so has the index.

Both charts are bearish this week, suggesting the downtrend will continue, but I expect only a small drop based on the CPI line.

$ $ $

Here's a symbol list of 127 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, ATSG, AA, DOX, AMED, AEO, AXP, AFG, AMWD, AR, AON, AAPL, ATR, ARCB, ANET, AVY, AVNT, AVA, AZTA, BCPC, BECN, BZH, BERY, BCO, BMY, CALM, COR, CIEN, CLX, CL, CXW, CRH, CCRN, CW, DSGR, DOV, DRQ, EXP, EFX, EZPW, FARO, FE, FLS, FORM, GIS, GS, GPRO, GES, THG, HP, HNI, HURC, ILMN, NSP, IIIN, TILE, IPI, LH, RAMP, L, MHO, MTSI, MAS, MDC, NOV, NJR, NEU, NEE, NOVT, OMCL, OMI, PKE, PTEN, PEN, PPG, PG, KWR, RTX, RGS, RLI, RCKY, ROG, R, SAND, SCHW, SEE, SPSC, SCS, SSYS, TEVA, TJX, TDG, RIG, TRV, TZOO, UHAL, SLCA, UGI, UPS, VECO, WRB, WU, WEX, IAI, IHE, FXI, IAT, IYF, THD, EWU, DBA, PXJ, XLP, XHB, XLI, UNG, USO. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 9/12/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring flags, high and tight.

$ $ $

Here's a symbol list of 118 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AYI, AFL, ALKS, ALGT, AMN, ANIK, ADM, ANET, AWI, AVA, AZTA, BMI, BCPC, BSET, BBW, CALM, CAL, CLS, CENX, CF, CHKP, CNX, CL, CSGP, CRH, CCRN, CTS, DOV, BOOM, ECL, EOG, EG, EXC, XOM, EZPW, FDS, FTNT, FNV, GNW, GOOGL, GPRO, HAYN, HELE, HWM, ILMN, NSP, IPG, NVTA, KLAC, LAMR, LNC, M, MRO, MCHX, MTDR, MRCY, MLKN, MS, NFG, NTGR, NWL, JWN, NUS, OXY, OMC, ORCL, PATK, PAYX, PYPL, PCG, POR, PSTG, RL, RMBS, RTX, RGS, ROP, SCHW, SIGI, SCI, STR, SKYW, SCCO, LUV, SWN, SCS, TDY, TER, TEVA, RIG, TZOO, UNH, VC, WRB, WWW, IAI, IYE, FXL, IXC, IGE, IEO, EWH, EZA, EWD, THD, DBA, PBE, PXJ, XLE, XLI, XLB. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 9/11/23. 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 Nasdaq composite on the daily scale, but there's not much to see.

At AB, we see a double top chart pattern. This confirms as a valid pattern when the index closes below the lowest low between the two peaks. That's line C in the figure.

After a downward breakout, we see a pullback happen (where the index returns to the breakout price) and it completes at D.

After a pullback finishes, there is a 55% chance that the downward move will resume. We can see that already happening now as the index drops after peaking at D.

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 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABM, ACN, AEIS, AMD, AKAM, AA, ALKS, ALGT, AMZN, AMED, AEO, AIG, APH, AMAT, ARW, AIZ, AXS, AZTA, BCPC, BFH, BCO, CAL, CF, CHKP, CTAS, CLNE, CLF, CSGP, CROX, CCRN, CSGS, CMI, EOG, FFIV, FDS, FARO, FAST, FISV, FMC, FORM, FNV, GPRO, HBI, THG, HIG, HAYN, HQY, HL, HD, JBHT, NSP, IBP, IPI, NVTA, KELYA, KMB, KSS, LRCX, LNC, RAMP, LMT, LXU, MTSI, MRO, MKTX, MTRN, MRCY, META, MLKN, NCR, NKE, OXY, OMCL, PKG, PATK, PAYX, PYPL, PLXS, PPL, KWR, QCOM, RMBS, RTX, REGN, ROK, ROP, SAIA, CRM, SIGI, NOW, SHW, LUV, SWN, SUM, SRDX, TPR, TXN, TKR, TDG, RIG, TRV, SLCA, UIS, UPS, UNM, VFC, VLO, VEEV, WRB, WWD, WDAY, ZBRA, ITA, IAI, IHE, FXL, FXI, BOTZ, IAT, MXI, ILF, EWZ, EPP, THD, DBA, PXJ, PHO, ROBO, XLI, XAR. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 9/8/23. Pattern Trading Setups for the Weekend.

I released a new version of Patternz (8.0.0.2) which has an important bug fix to prevent a crash. Patternz is my free software that finds chart patterns. It's well worth the money.

$ $ $

Here's a symbol list of 142 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ABM, ACN, ATVI, AES, A, ATSG, AA, ALKS, AEO, AXP, ACGL, AWI, ARW, AZTA, BALL, BERY, BIO, BSX, BFH, CAL, CX, CF, CLNE, CLF, CNA, CL, CSGP, CR, CRH, CCRN, EMN, EL, EZPW, FARO, FMC, FDP, FRD, GD, GFS, GL, GPRO, HLIT, HL, HP, HSIC, HOLX, IDXX, NSP, IPAR, IBKR, IPI, JNJ, KMT, KSS, LAMR, LLY, MRCY, MLKN, MOS, MYGN, ^IXIC, NFG, NCR, NWL, NEU, NKE, NOC, NVDA, OMCL, OUT, PDCO, PFE, PLXS, PGR, KWR, ROL, SAND, SCHW, SEE, SKYW, LUV, SWX, SUM, TPR, TECH, TFX, TER, TKR, RIG, UHAL, UGI, UIS, UNH, UNM, WRB, WSC, ZBRA, IAI, IYE, FTEC, IHF, MXI, ILF, IHI, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWH, EIS, EWI, EPP, EWY, PEJ, PHO, ROBO, XAR, SMH. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 9/7/23. 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 drew a horizontal red line to highlight not only support but what I call a multi-peak pattern. You don't want to mess with a multi-peak.

After a multi-peak ends, price can drop like we see here or it can form a bullish pattern that fizzles out and price drops anyway.

In this case, I would expect the index to drop to the price of the circled area. Because this is on the intraday scale, the prediction is less reliable than on the daily charts, so keep that in mind. In short, I could be wrong and price will zip up instead (but if that were to happen, it might reverse and still drop).

$ $ $

Here's a symbol list of 161 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, A, ATSG, ALKS, AXP, AIG, AME, ATR, AWI, AVY, AZTA, BCPC, BOOT, BMY, BRKR, CACI, CALM, CAL, CX, CF, CIEN, CMCO, CONN, COST, CR, CRH, CCRN, CCK, CSGS, FANG, DSGR, ^DJI, EG, EVH, XOM, EZPW, FARO, FAST, FLEX, FMC, FORM, FRD, GD, GNW, GL, GMS, GOOGL, GPRO, HL, HELE, HSIC, HOLX, HWM, INCY, NSP, ITGR, IPAR, IBKR, IPI, NVTA, IRM, JKHY, JNJ, KSS, LH, LANC, LEG, RAMP, LMT, L, LOW, MTSI, MAN, MTRN, MRK, MCO, MLI, NFG, NCR, NEWR, NWL, NXGN, JWN, NUS, OMC, ASGN, OTEX, OR, PKG, PKE, PFE, PLXS, RTX, ROL, RES, SEIC, SLGN, SKX, LUV, SWX, TRGP, TECH, TPX, TDG, RIG, SLCA, UNH, VMI, VEEV, WRB, WERN, IAI, DDM, IYH, IHF, IEV, MXI, ILF, SLV, EWC, ECH, EEM, EWQ, EWG, EIS, EWI, EWM, EPP, EWS, EWP, EWL, PBE, PJP, XLE, GLD, XLV, XRT, XAR, UNG, USO, 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

Wednesday 9/6/23. A Look At Indicators

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

The CPI turned bearish as the red vertical bar shows on the far right of the chart. This is September, after all, the worst performing month of the year.

I think this signal will be short lived, meaning I expect it to disappear. Having written that, today's big drop in the Dow was a surprise.

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

The red line this week is slightly better than it was a week ago, with the blue line holding steady.

The chart shows a downward turn in both lines, following the index lower.

The prior chart is bearish and this one shows it's bearish, too. So maybe I'm wrong in believing that this downturn is a one or two day drop and that we'll return to making new highs by week's end.

I will say that the utility index got clobbered today (down 1.76%). I'm looking add some utility stocks to my holdings but the index continues to drop. That boosts yields, of course, and drops the stock's purchase price. Where's the bottom? I don't know...

$ $ $

Here's a symbol list of 161 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, AYI, ADBE, APD, ALK, ALB, AYX, DOX, AME, AAPL, ARCB, AWI, ADSK, BAX, BBY, BIO, BKNG, BOOT, BRC, CACI, CF, CVX, CIEN, CSCO, COP, CSGP, CRH, CMI, DOV, EZPW, FDS, FICO, FARO, FLEX, FMC, FTV, FDP, FRD, GPN, GFS, GL, GMS, GPRO, GFF, HBI, HE, HL, HELE, HOLX, HUN, IEX, IDXX, INCY, ITGR, TILE, IPI, NVTA, JKHY, KALU, LH, LOW, MHO, MANH, MTDR, MDC, MRCY, MLKN, MLI, NFG, NOV, NTAP, NWL, NEU, NXGN, NWPX, OXY, OLN, OTEX, OR, OUT, PANW, PKE, PFE, PCG, PNW, PGR, KWR, QCOM, ROK, ROL, SAND, SCHW, SMG, SEIC, SIGI, NOW, SLGN, LUV, SCS, TRGP, TGT, TDY, TFX, TTD, TDG, RIG, SLCA, V, WRB, WERN, WLK, IYC, IYE, IEZ, IHE, FDN, QTEC, IHF, IYZ, IEV, IGV, IXC, ILF, ECH, EWQ, EWG, EWI, EZA, EWP, EWL, THD, TUR, PEJ, PJP, PHO, XLE, XLV, XLK, UNG, USO, 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.

-- Thomas Bulkowski

Tuesday 9/5/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Wedge, falling stock.

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Here's a symbol list of 171 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACN, ACIW, AES, APD, AEO, AIG, AMWD, APA, ADM, AGO, ADSK, AVY, AVNT, BSET, BAX, BECN, BERY, BBY, BIO, BA, CE, CLS, CDAY, CF, CHKP, CIEN, CNA, COP, CR, CCRN, CCK, CMI, DVN, FANG, EXP, EIX, EFX, EQT, XOM, FDS, FICO, FARO, FORM, FWRD, FCX, GD, GOOGL, HBI, HE, JBHT, HURC, ITGR, INTC, IRM, JNJ, KALU, K, LH, LNC, LOW, LXU, MTSI, MGY, MANH, MRO, MTDR, MTRN, MDT, META, MU, MCO, MOS, MUR, NBR, NOV, NFLX, NWPX, NOVT, NTNX, OXY, ON, OUT, PCTY, PYPL, PXD, PRU, KWR, RJF, RLI, RGLD, SAIA, SAND, SLB, SCHW, SAIC, SMG, SEIC, SHOP, SKYW, SO, SCCO, SWX, SPSC, TGT, TPX, TEVA, RIG, TG, TREX, TWLO, SLCA, UIS, VFC, VLO, VEEV, VMC, WRB, WU, WLK, WEX, WPM, WDAY, IYM, IYC, IYE, IEZ, FXL, FXI, ICF, IHF, IYZ, IEV, IXC, MXI, ILF, IGE, IEO, EWK, EWZ, EWQ, EWI, EWJ, EWM, EWW, EWY, EWP, EWD, THD, QLD, PEJ, PXJ, PJP, XLY, XLE, XHB, XLB, SPY, UNG, USO, VAW, 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.

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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 9/1/23. Forecast 2023 Update

Here's the updated 2023 forecast, presented in slider format.

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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: ABT, ACN, ACIW, ADBE, AES, A, ALL, AFG, AMWD, AME, AMN, AAPL, ADM, ANET, ATO, ADP, AVY, AVNT, AVA, AXS, BA, BOOT, BR, BRKR, BBW, CDNS, CAL, CE, CDAY, CIEN, CLNE, CNA, CL, CMTL, ED, CONN, GLW, COST, CR, CMI, FANG, ^DJT, ^DJI, BOOM, EXP, ELV, EFX, EVRG, EVH, EXPI, FARO, FISV, FORM, FTNT, FWRD, FCX, GD, GL, GMS, GES, THG, HIG, HTLD, HSII, HP, HURC, IDA, IEX, ITGR, IPI, NVTA, IRM, JAZZ, JNJ, KLAC, LH, LPLA, MTSI, MAS, META, MSFT, MCO, MUR, NBR, NFLX, NJR, ORI, ASGN, ON, OUT, PKG, PANW, PATK, PCTY, PYPL, PEN, PFE, PXD, POR, DGX, RTX, REGN, RCKY, ROG, ROL, ROP, RGLD, RES, CRM, SAND, SCHW, SMG, SEIC, SMTC, SHOP, STR, SO, SWX, SR, SPLK, SPSC, SCS, SSYS, SRDX, SNPS, TECH, TFX, TEVA, TXT, TMO, TG, SLCA, UIS, UNM, VEEV, MDRX, WRB, WAT, WEX, WPM, WMB, WSM, WDAY, ZBRA, IYE, IHE, DDM, FTEC, FDN, FXL, FXI, ICF, IHF, IYZ, IGV, IXC, IYF, IHI, EWZ, EIS, EWJ, EWM, EWW, EZA, EWU, QLD, PBE, PXJ, PHO, XHB, XLI, XLK, USO. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

 

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