As of 08/22/2025   Indus: 45,632 +846.24 +1.9%     Trans: 16,102 +512.64 +3.3%     Utils: 1,109 +7.29 +0.7%     Nasdaq: 21,497 +396.23 +1.9%     S&P 500: 6,467 +96.74 +1.5%	YTD  +7.3%    +1.3%    +12.9%    +11.3%    +10.0%	Targets    Overview: 08/14/2025     46,700 or 43,200 by 09/15/2025   16,300 or 14,800 by 09/01/2025   1,200 or 1,085 by 09/01/2025   22,700 or 21,000 by 09/01/2025   6,700 or 6,300 by 09/01/2025
Chart Pattern Indicator: on 8/18/25

As of 08/22/2025   Indus: 45,632 +846.24 +1.9%     Trans: 16,102 +512.64 +3.3%     Utils: 1,109 +7.29 +0.7%     Nasdaq: 21,497 +396.23 +1.9%     S&P 500: 6,467 +96.74 +1.5%	YTD  +7.3%    +1.3%    +12.9%    +11.3%    +10.0%
Targets    Overview: 08/14/2025     46,700 or 43,200 by 09/15/2025   16,300 or 14,800 by 09/01/2025   1,200 or 1,085 by 09/01/2025   22,700 or 21,000 by 09/01/2025   6,700 or 6,300 by 09/01/2025
Chart Pattern Indicator: on 8/18/25

Recent Headlines Monday 8/25/25. Market Monday: The Week Ahead Friday 8/22/25. Pattern Trading Setups for the Weekend. Thursday 8/21/25. Intraday Market Direction: Nasdaq Wednesday 8/20/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 8/19/25. Slider Trading Quiz! Swift Transportation: SWFT

Older Headlines Monday 8/18/25. Market Monday: The Week Ahead Friday 8/15/25. Pattern Trading Setups for the Weekend. Thursday 8/14/25. Intraday Market Direction: Nasdaq Wednesday 8/13/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 8/12/25. Slider Trading Quiz! Teco Energy (TE) Monday 8/11/25. Market Monday: The Week Ahead Friday 8/8/25. Pattern Trading Setups for the Weekend. Thursday 8/7/25. Intraday Market Direction: Nasdaq Wednesday 8/6/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 8/5/25. Slider Trading Quiz! Teleflex 2 (TFX) Monday 8/4/25. Market Monday: The Week Ahead

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Monday 8/25/25. 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 utility index.

There's not a lot to say about the index. I drew two red lines which hug price along the peaks and along the valleys.

Above the green line, at A, the index has formed a channel. Notice that the index is brushing against the bottom trendline.

What does that mean? Often price bounces off the trendlines, which is why the lines form a channel. So it stands to reason that the index will bounce higher.

However, there is a chance that the index will pierce the bottom trendline and head lower. I think that if the FED cuts interest rates, it will be helpful for utilities which have lots of debt to finance.

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 either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 164 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ABM, ACIW, ADBE, ADTN, AES, A, APD, AKAM, AA, AXP, AIG, AMGN, AMN, ANIK, ATO, AVY, AZTA, BKH, BRC, BMY, BRKR, CBT, CDNS, CPB, CLS, CNC, CNP, CDAY, CINF, CSCO, CTSH, CAG, CSGP, CCRN, CTS, XRAY, DDS, DTE, EL, EG, XOM, EZPW, FICO, FAST, FDX, FMC, FNV, FDP, FRD, GE, GILD, GPN, GMS, HP, HSIC, HON, HWM, INCY, IIIN, IPAR, INTU, JAZZ, JBLU, KALU, KELYA, LHX, LAMR, LEN, LLY, M, MA, MGEE, MUR, NTGR, NTAP, NJR, NWL, NI, NOC, NUS, ORI, OMC, ON, PAYX, PFE, PLXS, PINC, PRU, PEG, QCOM, DGX, RGS, RES, ^GSPC, SCHW, SEE, TECH, TEVA, TXT, UHAL, VFC, VRSN, V, VMC, WMT, WLK, WMB, WDAY, ITA, IAI, IYE, IHE, QTEC, FXI, BOTZ, ICF, IEV, IXC, MXI, IGE, IYF, IHI, EWK, EWG, EIS, EWJ, EWM, EWW, EWS, EZA, EWD, THD, EWU, DBA, PEJ, PXJ, PJP, ROBO, XLE, XLF, 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 below industries were the best (rank 1) or worst performing of those I follow.

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

Friday 8/22/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 97 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ADTN, AMD, AFL, AKAM, ALK, ALKS, DOX, AMGN, AMN, APA, ARCB, ATO, AZTA, BALL, BSET, BIIB, BKH, BA, BRKR, CDNS, CAL, CLS, CDAY, CSCO, CLX, CTSH, CL, COTY, CCRN, XRAY, DSGR, ELV, EL, EZPW, FMC, FNV, GE, GIS, HELE, HON, DHI, HUBG, HURC, INTC, TILE, JAZZ, KFRC, KLIC, LAMR, LLY, LPLA, MTSI, MU, MLKN, ^IXIC, NOV, NTAP, NWPX, ORI, OMCL, OR, PEN, PFE, PLXS, PEG, RGS, SAIA, SIGI, SWX, TECH, TSCO, RIG, WSO, WU, WSC, IEZ, IHE, IXN, SOXX, IGE, EWJ, EWW, TUR, PXJ, ROBO, XLK, SMH, 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.

$ $ $

I updated a study which answers this question: Do ugly patterns outperform good looking ones? Yes. Read the article.

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Thursday 8/21/25. Intraday Market Direction: Nasdaq

$ $ $

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

Notice how the index formed a channel, which I show as two parallel red lines. What bothers me is that the channel sloped down and the breakout was also down.

As you can see, the index tumbled from A to B. Maybe that's a lesson: A downward breakout from a down-sloping channel should be feared.

The devastation ended after B, as the index rebounded.

I'm tempted to write that the up-move is a good sign and it is, but with the effects of tariffs coming onto store shelves and more and more companies saying they are going to pass on the higher costs, then the economic numbers won't be pleasant. And that's going to cause the market heartburn. Be prepared for the approaching turbulence.

$ $ $

Here's a symbol list of 136 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, AEIS, AES, AKAM, ALK, ALKS, ALGT, DOX, AEP, AXP, AFG, AIG, AMGN, AMN, ARCB, AIZ, ATO, AZTA, BKH, BAH, BRC, BRKR, CALM, CPB, CLS, COR, CNP, CDAY, CIEN, CSCO, COTY, CCRN, CSGS, XRAY, FANG, DSGR, ^DJT, ELV, EL, EVH, EZPW, FAST, FIVN, FMC, GD, GES, HIG, HE, HON, DHI, HUBG, HURC, IIIN, TILE, JAZZ, KEYS, KFRC, LAMR, LLY, L, MANH, MTRX, MLKN, MCO, ^IXIC, NTAP, NKE, NWPX, OMC, ON, OTEX, PKE, PYPL, PEN, PSTG, QCOM, RJF, SCHW, SMG, SHOP, SWX, SRDX, TECH, TFX, TDC, TJX, TSCO, RIG, TRV, TREX, TWLO, WSO, WPM, WSC, WWW, ZBRA, IYK, IHE, FTEC, QTEC, FXL, BOTZ, IEV, IGV, MXI, IXN, IHI, EWK, EWZ, EIS, EWS, EWY, EWL, EWT, TUR, EWU, IBB, DBA, XLP, GLD, XLK, UNG, 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.

$ $ $

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

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

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