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     32,300 or 29,900 by 07/15/2022   14,000 or 12,500 by 07/15/2022   1,000 or 925 by 07/15/2022   12,100 or 10,750 by 07/15/2022   4,000 or 3,700 by 07/15/2022
CPI (updated daily): 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     32,300 or 29,900 by 07/15/2022   14,000 or 12,500 by 07/15/2022   1,000 or 925 by 07/15/2022   12,100 or 10,750 by 07/15/2022   4,000 or 3,700 by 07/15/2022
CPI (updated daily): on 6/23/22

Tuesday 7/5/22. 2022 Forecast Update

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

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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.)

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

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.

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.

-- Thomas Bulkowski

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

Thursday 6/30/22. 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.

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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:

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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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