Bulkowski's Blog: ThePatternSite.com
As of 07/01/2022
  Indus: 31,097 +321.83 +1.0%  
  Trans: 13,289 +132.53 +1.0%  
  Utils: 993 +23.33 +2.4%  
  Nasdaq: 11,128 +99.11 +0.9%  
  S&P 500: 3,825 +39.95 +1.1%  
YTD
-14.4%  
-19.4%  
 +1.2%  
-28.9%  
-19.7%  
  Targets    Overview: 06/29/2022  
  Up arrow32,300 or 29,900 by 07/15/2022
  Up arrow14,000 or 12,500 by 07/15/2022
  Up arrow1,000 or 925 by 07/15/2022
  Up arrow12,100 or 10,750 by 07/15/2022
  Up arrow4,000 or 3,700 by 07/15/2022
CPI (updated daily): Arrows on 6/23/22
As of 07/01/2022
  Indus: 31,097 +321.83 +1.0%  
  Trans: 13,289 +132.53 +1.0%  
  Utils: 993 +23.33 +2.4%  
  Nasdaq: 11,128 +99.11 +0.9%  
  S&P 500: 3,825 +39.95 +1.1%  
YTD
-14.4%  
-19.4%  
 +1.2%  
-28.9%  
-19.7%  
  Targets    Overview: 06/29/2022  
  Up arrow32,300 or 29,900 by 07/15/2022
  Up arrow14,000 or 12,500 by 07/15/2022
  Up arrow1,000 or 925 by 07/15/2022
  Up arrow12,100 or 10,750 by 07/15/2022
  Up arrow4,000 or 3,700 by 07/15/2022
CPI (updated daily): Arrows on 6/23/22

 

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Tuesday 7/5/22. 2022 Forecast Update

I released a new version of Patternz. It has some algorithm enhancements and bug fixes.

$ $ $

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 June 2022 were... (The numbering is how they ranked a month ago.)

1. Energy (+29%)
2. Utilities (-2%)
3. Consumer staples (-7%)
5. Health care (-9%)
7. Industrials (-17%)
4. Materials (-19%)
6. Financials (-19%)
8. Real estate (-21%)
9. Information technology (-27%)
10. Communication services (-30%)
11. Consumer discretionary (-33%)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 6/21/22.

1. Information technology (IT)
2. Health care
4. Consumer discretionary
3. Financials
5. Communication services
6. Industrials
7. Consumer staples
8. Energy
9. Utilities
11. Real estate
10. Materials

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 6/30. The numbering is how they ranked a month ago.

3. Construction and engineering (+38%)
1. Oil, gas and consumable fuels (+37%)
2. Energy equipment and services (+21%)
6. Health care providers and services (+18%)
4. Pharmaceuticals (+18%)
7. Multi-utilities (+14%)
New. Beverages (+12%)
9. Electric utilities (11%)
New. Insurance (8%)
New. Food products (8%)

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, AMD, AJRD, ATSG, ALRM, AA, ALL, AEE, AEP, AEL, AMAT, ATR, ASH, ATO, AVY, AVA, BCPC, BALL, BERY, BIO, BKH, BRC, BMY, BLDR, CACI, CAL, CNP, CRL, CHKP, CNO, ED, COST, CW, DDS, ^DJU, D, DTE, DUK, EIX, ELV, FICO, FISV, FORM, FCX, GME, GIS, EVRG, HE, HQY, HTLD, HL, HSII, HELE, HP, HSIC, DHI, HOV, HUBG, HURC, IDA, ITW, NSP, IBP, IIIN, ITGR, IPAR, IBKR, TILE, IVC, JKHY, KBH, KELYA, KFRC, KLAC, KSS, LHX, LZB, LRCX, LDOS, LEN, MHO, MCHX, MAS, MDC, MGEE, MU, MCO, MUR, MYGN, CNR, NJR, NWL, NEE, NI, OXY, OGE, ORI, OMCL, ASGN, PANW, PTEN, PETS, PNW, POR, PPG, PPL, PG, PGR, PEG, PHM, KWR, QCOM, RGA, RLI, SAIC, SRE, SKX, SO, SWX, SR, TEVA, TMO, TOL, RIG, TREX, SLCA, UPS, UNM, VRSN, WAT, XEL, ITB, IEZ, IDU, SLV, IHI, EWZ, EZA, EWT, DBA, PHO, ILF, XLP, XHB, XAR, XLU. 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.

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Oilfield Svcs/Equipment2. Oilfield Svcs/Equipment
3. Petroleum (Integrated)3. Petroleum (Integrated)
4. Natural Gas (Diversified)4. Natural Gas (Diversified)
5. Natural Gas (Distributor)5. Natural Gas (Distributor)
6. Short ETFs6. Short ETFs
7. Insurance (Prop/Casualty)7. Insurance (Prop/Casualty)
8. Food Processing8. Food Processing
9. Aerospace/Defense9. Aerospace/Defense
10. Electric Utility (West)10. Electric Utility (West)
Best Performing AboveWorst Performing Below
50. Trucking/Transp. Leasing50. Diversified Co.
51. Internet51. Toiletries/Cosmetics
52. Retail (Special Lines)52. Trucking/Transp. Leasing
53. Cement and Aggregates53. Shoe
54. Telecom. Equipment54. E-Commerce
55. E-Commerce55. Cement and Aggregates
56. Shoe56. Semiconductor Cap Equip.
57. Homebuilding57. Telecom. Equipment
58. Semiconductor58. Semiconductor
59. Computers and Peripherals59. Computers and Peripherals
60. Semiconductor Cap Equip.60. Homebuilding

-- Thomas Bulkowski

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Friday 7/1/22. Pattern Trading Setups for the Weekend.

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Here's a symbol list of 253 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACIW, AYI, AMD, AJRD, AFL, ATSG, AA, ALL, AMZN, AEE, AEO, AEP, AFG, AMWD, ATR, ARCB, ACGL, ARW, ASH, AGO, ATO, ADSK, AVY, AVA, BALL, BSET, BERY, BBY, BIG, BIO, BKH, BKNG, BOOT, BRC, BMY, BLDR, CACI, CAL, CNP, CRL, CINF, CNO, CGNX, ED, CONN, COP, COST, COTY, CMI, CW, XRAY, DVN, DDS, ^DJU, D, DTE, DUK, EIX, ELV, EOG, EQT, XOM, FICO, FIS, FLS, FORM, FRD, GME, GPS, GD, EVRG, GES, THG, HLIT, HE, HL, HSII, HELE, HP, HNI, DHI, HOV, IDA, NSP, IBP, ITGR, IPAR, JKHY, JNJ, KBH, KELYA, KFRC, LHX, LZB, LDOS, LEN, LMT, MHO, MTSI, M, MANH, MRO, MAS, MDC, MGEE, MLKN, MCO, MS, MUR, NOV, NTGR, NJR, NWL, NEE, NI, JWN, NOC, NWPX, NUS, NVDA, OXY, OGE, ORI, OMCL, OMC, ASGN, OTEX, PKG, PATK, PTEN, PYPL, PNW, POR, PPG, PPL, PG, PGR, PRU, PEG, PHM, KWR, QCOM, RL, RGS, RGA, RNG, RLI, RCKY, ROST, CRM, SLB, SMG, SEIC, SRE, SLGN, SO, SCCO, SWX, SR, SXI, SCS, TPR, TXT, TJX, TOL, RIG, TRV, TREX, SLCA, UNM, VFC, VLO, VRSN, V, VC, WAT, WERN, WU, WSM, WWW, WDAY, XEL, ITA, IAI, IYE, ITB, IHE, IDU, DDM, IAT, IGE, IEO, IYF, IHI, EWA, EWO, EWK, EWG, EPP, EWS, EZA, EWD, EWT, EWU, PPA, PHO, IXC, MXI, XLP, XLE, XLF, XHB, XRT, XLU, UNG, USO. Clink this link for details (pattern type, start and end dates).

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

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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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDTriangle, symmetrical      05/04/202206/30/2022Electronics
ATSGTriangle, symmetrical      03/29/202206/30/2022Air Transport
AEODouble Top, Adam and Adam      06/08/202206/27/2022Apparel
ATRPipe bottom      06/13/202206/21/2022Packaging and Container
BSETUgly double bottom      05/24/202206/16/2022Furn/Home Furnishings
BBBYDead-cat bounce      06/29/202206/29/2022Retail (Special Lines)
CALMPipe bottom      06/06/202206/13/2022Food Processing
CHSHead-and-shoulders top      06/15/202206/28/2022Apparel
DPipe bottom      06/13/202206/21/2022Electric Utility (East)
ELVPipe bottom      06/13/202206/21/2022Medical Services
GISDouble Bottom, Adam and Adam      05/19/202206/16/2022Food Processing
HNIBroadening bottom      04/07/202206/16/2022Furn/Home Furnishings
IDAPipe bottom      06/13/202206/21/2022Electric Utility (West)
JAZZHorn bottom      05/09/202205/23/2022Biotechnology
JBLUDouble Bottom, Adam and Adam      06/16/202206/23/2022Air Transport
LHXPipe bottom      06/13/202206/21/2022Aerospace/Defense
LANCScallop, ascending      05/25/202206/27/2022Food Processing
MRTNTriangle, symmetrical      03/17/202206/30/2022Trucking/Transp. Leasing
NFGDouble Top, Adam and Adam      05/31/202206/08/2022Natural Gas (Diversified)
OMCLHorn bottom      04/25/202205/09/2022Healthcare Information
OMCDouble Bottom, Adam and Adam      06/16/202206/23/2022Advertising
ASGNPipe bottom      06/13/202206/21/2022Human Resources
PETSTriple top      05/26/202206/24/2022Medical Services
RLIPipe bottom      06/13/202206/21/2022Insurance (Prop/Casualty)
SIGIDouble Bottom, Eve and Eve      05/12/202206/13/2022Insurance (Prop/Casualty)
SSYSTriangle, symmetrical      05/04/202206/30/2022Electronics
WRBDouble Bottom, Adam and Adam      06/16/202206/24/2022Insurance (Prop/Casualty)
WATPipe bottom      06/13/202206/21/2022Precision Instrument

 

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Thursday 6/30/22. Intraday Market Direction: Nasdaq

The Nasdaq dropped by 0.0% or -3.65 points. Since 02/05/1971 the Nasdaq made 696 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 397 occasions.
     Average loss was -0.9% on 299 occasions.
Expect the Nasdaq to close higher 57.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 239/423 or 56.5% of the time.
     The prediction of the Nasdaq closing lower has been right 64/135 or 47.4% of the time.

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

Picture of the Nasdaq composite on the 5 minute scale.

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

A head-and-shoulders top chart pattern appears at L (left shoulder), H (head), and R (right shoulder). This confirms as a valid chart pattern when the index closes below the blue neckline. That happened near A. The drop was sufficient to exceed its target (the height of the pattern at the head to the neckline) subtracted from the value of A, where the breakout is.

The near-horizontal red line is a support line. It suggests the index will find support here and move higher. Because this is on the 5-minute scale versus the daily scale, support and resistance aren't as robust as on longer time scales.

We'll have to see if events push the index around and in what direction.

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As you may have noticed, I finished working on a new home page. No links were deleted. I rearranged the columns so that the "Blog" link will appear first on cell phones. The home page looks more professional while still retaining the same content.

If you have suggestions or have problems, then email me at: email address.

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Here's a symbol list of 348 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACIW, ADTN, AEIS, AMD, AJRD, AES, AFL, ATSG, AKAM, ALK, ALB, ALL, AEE, AEP, AEL, AXP, AFG, AIG, AMWD, AMN, APH, APOG, AMAT, ATR, ACGL, AWI, ARW, ASH, AIZ, AGO, ATO, ADSK, ADP, AVY, AVNT, AVA, BALL, BSET, BBBY, BERY, BIG, BIO, BKH, BKNG, BRC, BBW, BLDR, CBT, CACI, CAL, CLS, CNP, CRL, CHKP, CHS, CLNE, CNO, CGNX, ED, CONN, COP, GLW, COTY, CR, CROX, CCK, CMI, CW, XRAY, DVN, DDS, DFS, DSGR, ^DJU, ^DJT, D, DOV, DTE, DUK, EIX, ELV, EOG, EFX, EQT, EXPD, XOM, EZPW, FICO, FIS, FLEX, FLS, FMC, FORM, FWRD, FRD, GME, IT, GD, GNW, GPN, GPRO, GGG, EVRG, GES, HBI, HLIT, HSC, HE, HTLD, HL, HSII, HELE, HP, HNI, DHI, HOV, HUBG, IDA, IEX, NSP, IBP, ITGR, IPAR, TILE, JKHY, JAZZ, JBLU, KALU, KBH, KELYA, KFRC, KBAL, KLAC, KLIC, LHX, LZB, LRCX, LEG, LDOS, LEN, LNC, L, LXU, MHO, MTSI, M, MANH, MAN, MRO, MRTN, MAS, MDC, MGEE, MU, MLKN, MCO, MS, MLI, NOV, CNR, NCR, NTAP, NJR, NWL, NEU, NEE, NI, JWN, NWPX, OXY, OGE, ORI, ASGN, OTEX, OMI, PKG, PATK, PDCO, PTEN, PAYX, PYPL, PRFT, PCG, PNW, PLXS, POR, PPG, PPL, PINC, PG, PGR, PRU, PEG, PHM, KWR, QCOM, RJF, RGA, RLI, ROK, SAIA, SLB, SMG, SEIC, SRE, SMTC, SHW, SLGN, SKX, SO, LUV, SWX, SR, SXI, SCS, SRDX, TPX, TER, TXN, TXT, TOL, TRV, TREX, SLCA, UGI, UNM, VLO, VMI, VRSN, V, VC, WRB, WMT, WAT, WSO, WERN, WU, WEX, WOLF, WWW, WDAY, XEL, ZBRA, ITA, IAI, IYE, ITB, IDU, DDM, ICF, IAT, SOXX, IEO, IYF, IHI, EWA, EWO, EWK, EWC, EWQ, EWG, EIS, EWJ, EWW, EPP, EZA, EWY, EWP, EWT, EWU, PPA, PEJ, PHO, ROBO, IEV, IXC, XLP, XLE, XLF, XHB, XLI, XAR, XLU, UNG, 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.

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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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  9,599.40    
 Monthly S1  10,388.65  789.24   
 Weekly S2  10,567.89  179.24   
 Weekly S1  10,872.89  305.00   
 Daily S2  11,004.66  131.77   
 Low  11,072.19  67.53   
 Daily S1  11,091.28  19.09   
 61.8% Down from Intraday High  11,131.07  39.79   
 50% Down from Intraday High  11,149.26  18.19   
 Daily Pivot  11,158.80  9.54   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Open  11,160.22  1.42   Yes! The Open is close to the Daily Pivot.
 38.2% Down from Intraday High  11,167.45  7.23   Yes! The 38.2% Down from Intraday High is close to the Open.
 Close  11,177.89  10.44   Yes! The Close is close to the 38.2% Down from Intraday High.
 High  11,226.33  48.44   
 Weekly Pivot  11,243.06  16.73   
 Daily R1  11,245.42  2.36   Yes! The Daily R1 is close to the Weekly Pivot.
 Daily R2  11,312.94  67.53   
 Monthly Pivot  11,354.38  41.44   
 Weekly R1  11,548.06  193.68   
 Weekly R2  11,918.23  370.17   
 Monthly R1  12,143.63  225.40   
 Monthly R2  13,109.36  965.74   

 

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