As of 05/06/2026
Indus: 49,911 +612.34 +1.2%
Trans: 20,366 +346.07 +1.7%
Utils: 1,136 -16.63 -1.4%
Nasdaq: 25,839 +512.81 +2.0%
S&P 500: 7,365 +105.90 +1.5%
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YTD
+3.8%
+17.3%
+6.3%
+11.2%
+7.6%
|
 51,000 or 47,000 by 05/15/2026 19,700 or 22,300 by 05/15/20261,200 or 1,120 by 05/15/202625,800 or 23,800 by 05/15/20267,300 or 6,800 by 05/15/2026 |
As of 05/06/2026
Indus: 49,911 +612.34 +1.2%
Trans: 20,366 +346.07 +1.7%
Utils: 1,136 -16.63 -1.4%
Nasdaq: 25,839 +512.81 +2.0%
S&P 500: 7,365 +105.90 +1.5%
|
YTD
+3.8%
+17.3%
+6.3%
+11.2%
+7.6%
| |
|
51,000 or 47,000 by 05/15/202619,700 or 22,300 by 05/15/20261,200 or 1,120 by 05/15/202625,800 or 23,800 by 05/15/20267,300 or 6,800 by 05/15/2026 | ||
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Older Headlines |
Archives |
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Because the intraday Nasdaq chart is yucky, I show the CPI chart instead, on the daily scale.
The CPI is neutral, barely, with a reading of 64.7 where 65 is bullish. It the market moves up another day, it's likely to push the CPI into bullish territory. A large bearish drop could throw the CPI into bearish territory.
The CPI shows that the broader market is moving higher but climbing a wall of worry. By that I mean the CPI has been in neutral even as the index rises.
The inset on the lower right shows that the CPI has dropped as the market rose. Notice how the CPI peaks at the green bar (circled) pictured above it and the indicator drops to a low as the red bar (circled) appears on the candle chart. Between the green and red bars, the index has climbed.
That's bearish divergence (rising index, falling CPI). Also notice that the index has ignored the bearish implications of the indicator.
What does this mean for the market? Clearly, they are firming up (becoming more bullish). The talking heads on TV suggest a solution to the Iran war is far off. Trump wants a quick solution but Iran wants to drag things out. So I believe the markets will be disappointed and they'll drop.
Of course, I could be wrong and the markets look 6 months out, too.
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Here's a symbol list of 195 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACH, AEIS, AMD, A, ALRM, ALKS, AXP, AIG, AMWD, AME, AMGN, AON, APOG, AMAT, ASH, ATO, AXS, AZTA, BMI, BBY, BMY, BRKR, BLDR, CX, COR, CNC, CTAS, CLF, CLX, CNA, CGNX, CL, CMCO, CMTL, CXW, GLW, CCRN, CCK, CSGS, CTS, CMI, XRAY, DSGR, ^DJI, DUK, EXP, EMN, EBAY, ELV, EFX, EQT, EVH, FFIV, FDX, FISV, FIVN, FLEX, FLS, FORM, FTV, GAP, GD, GPN, HLIT, HIG, HTLD, HNI, HON, DHI, HWM, HURC, ILMN, INCY, PODD, IPAR, IBKR, JKHY, JAZZ, KLAC, LRCX, RAMP, MHO, M, MTRX, MCO, MS, MOS, MLI, MYGN, ^IXIC, NJR, NI, NVDA, OR, PKG, PAYX, PCG, PNW, QCOM, RMBS, RRC, RTX, RGA, ROK, RGLD, ^GSPC, SAIC, SEIC, SIGI, SCI, SHOP, SLGN, SCCO, SWX, TECH, TTD, TZOO, TWLO, UIS, UNH, UNM, VFC, VECO, VC, WMT, WERN, WPM, WWW, ZBRA, ITA, IYM, IYC, IHE, FTEC, QTEC, FXI, AIQ, BOTZ, QQQ, ICF, IHF, IXN, SOXX, SLV, EWK, ECH, EEM, EWH, EIS, EWI, EWJ, EWM, EPP, EWS, EZA, EWY, EWT, THD, TUR, QLD, PPA, PJP, SSO, ROBO, GLD, XLB, SPY, XAR, XLK, UNG, SMH, VIS, 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.
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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
| © 2026 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
| Monthly S2 | 19,384.57 | ||
| Monthly S1 | 22,611.75 | 3,227.19 | |
| Monthly Pivot | 23,917.44 | 1,305.68 | |
| Weekly S2 | 24,453.34 | 535.90 | |
| Weekly S1 | 25,146.14 | 692.80 | |
| Weekly Pivot | 25,184.63 | 38.49 | Yes! The Weekly Pivot is close to the Weekly S1. |
| Daily S2 | 25,332.11 | 147.48 | |
| Low | 25,464.44 | 132.33 | |
| Open | 25,495.17 | 30.73 | Yes! The Open is close to the Low. |
| Daily S1 | 25,585.52 | 90.35 | |
| 61.8% Down from Intraday High | 25,611.80 | 26.27 | Yes! The 61.8% Down from Intraday High is close to the Daily S1. |
| 50% Down from Intraday High | 25,657.31 | 45.52 | |
| 38.2% Down from Intraday High | 25,702.83 | 45.52 | |
| Daily Pivot | 25,717.86 | 15.02 | Yes! The Daily Pivot is close to the 38.2% Down from Intraday High. |
| Close | 25,838.94 | 121.08 | |
| High | 25,850.19 | 11.25 | Yes! The High is close to the Close. |
| Weekly R1 | 25,877.43 | 27.24 | Yes! The Weekly R1 is close to the High. |
| Weekly R2 | 25,915.92 | 38.49 | Yes! The Weekly R2 is close to the Weekly R1. |
| Daily R1 | 25,971.27 | 55.35 | |
| Daily R2 | 26,103.61 | 132.33 | |
| Monthly R1 | 27,144.62 | 1,041.02 | |
| Monthly R2 | 28,450.31 | 1,305.68 |
A house near me had a problem with the phone/internet service (bad modem). In the process of fixing that issue, they disconnected my cable to the Internet. All I knew is that my phone and internet went off line. That happens maybe a few times a year, so I didn't think anything of it. I waited for it to come back online.
After about 6 hours, I called and they came out today to investigate the issue.
As this post shows, I'm back now.
-- Thomas Bulkowski
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I show another slider trading quiz featuring Micron Technology: MU (actual trade).
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Here's a symbol list of 130 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ADBE, ALKS, ALL, DOX, AEO, AXP, AMGN, AR, AMAT, ARCB, AVY, BMRN, BKNG, BCO, BMY, CAL, CHD, CINF, CTAS, CLX, CNA, CAG, COP, CCRN, DVN, FANG, ^DJT, EBAY, EFX, EQT, EVH, FFIV, FICO, FIS, FORM, FWRD, FDP, IT, GFS, GFF, HD, DHI, PODD, IPAR, IBKR, IPI, JBLU, KBH, KELYA, KSS, LZB, LEG, LEN, RAMP, LOW, LXU, MHO, MGY, MAS, MTRN, MDT, MRK, MU, MLKN, MS, MLI, NTAP, NWL, NUS, OXY, ON, PG, PHM, QCOM, REGN, SAIA, SBH, SMG, SEIC, SGI, SCCO, TRGP, MZTI, TOL, TDG, UGI, UIS, UNH, VFC, VMI, WSO, WERN, WEX, WSM, WSC, IYE, FXL, IYZ, ITB, ECH, EIS, EWJ, EWD, TUR, PHO, XLE, GLD, XHB, UNG, USO, MGK. 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
| © 2026 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
| Monthly S2 | 43,064.63 | ||
| Monthly S1 | 46,003.27 | 2,938.63 | |
| Weekly S2 | 47,933.02 | 1,929.75 | |
| Monthly Pivot | 47,995.91 | 62.89 | |
| Weekly S1 | 48,437.46 | 441.55 | |
| Daily S2 | 48,570.43 | 132.96 | |
| Daily S1 | 48,756.16 | 185.74 | |
| Low | 48,913.06 | 156.89 | |
| Close | 48,941.90 | 28.84 | Yes! The Close is close to the Low. |
| Daily Pivot | 49,098.80 | 156.90 | |
| 61.8% Down from Intraday High | 49,114.90 | 16.10 | Yes! The 61.8% Down from Intraday High is close to the Daily Pivot. |
| 50% Down from Intraday High | 49,177.25 | 62.35 | |
| Weekly Pivot | 49,213.01 | 35.77 | Yes! The Weekly Pivot is close to the 50% Down from Intraday High. |
| 38.2% Down from Intraday High | 49,239.59 | 26.58 | Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot. |
| Daily R1 | 49,284.54 | 44.94 | Yes! The Daily R1 is close to the 38.2% Down from Intraday High. |
| Open | 49,416.66 | 132.13 | |
| High | 49,441.43 | 24.77 | Yes! The High is close to the Open. |
| Daily R2 | 49,627.17 | 185.74 | |
| Weekly R1 | 49,717.45 | 90.28 | |
| Weekly R2 | 50,493.00 | 775.55 | |
| Monthly R1 | 50,934.55 | 441.55 | |
| Monthly R2 | 52,927.19 | 1,992.64 |
The chart shows a graph of the Dow transports on the daily scale.
A chart pattern called an ascending scallop appears at A. I don't talk about them much because they happen too often. The red line overwrites most of it. Sorry about that. It's the best my version of Paint can do (or you can blame my inexperience with the program).
The pattern starts from the left lip and dips down to make a relatively smooth turn upward. The right side see price climb well above the left. It ends at B in this case.
I think the tall spike was due to the war and its effect on gas prices.
Looking forward, there's a support area outlined in green below the current price. It might support price. With events pushing the indices around, there's no telling if support will hold or not.
I'm looking for the index to decline over the next 2 weeks.
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.
No options expire this week.
The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.
| Index | S2 | S1 | Pivot | R1 | R2 |
| Dow Industrials (^DJI): Daily | 49,169 | 49,334 | 49,661 | 49,826 | 50,154 |
| Weekly | 48,119 | 48,809 | 49,399 | 50,089 | 50,679 |
| Monthly | 43,250 | 46,375 | 48,182 | 51,306 | 53,113 |
| S&P500 (^GSPC): Daily | 7,201 | 7,215 | 7,244 | 7,259 | 7,287 |
| Weekly | 7,039 | 7,134 | 7,204 | 7,299 | 7,368 |
| Monthly | 5,984 | 6,607 | 6,940 | 7,563 | 7,895 |
| Nasdaq (^IXIC): Daily | 24,846 | 24,980 | 25,102 | 25,236 | 25,358 |
| Weekly | 24,212 | 24,663 | 24,943 | 25,394 | 25,674 |
| Monthly | 19,143 | 22,129 | 23,676 | 26,662 | 28,209 |
Here are the formulas:
Earnings season is either underway or should be starting soon. The sessions could be more volatile.
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: MMM, ACH, AMD, AES, AKAM, ALB, AEO, AXP, AIG, AME, ANIK, AR, AAPL, ATR, ARCB, AWI, ARW, ATO, AVY, BMI, BALL, BSET, BIO, BAH, BSX, BCO, CBT, CDNS, COR, CNC, CNP, CHKP, CHD, CINF, CTAS, CSCO, CLX, CNX, CL, CMTL, COP, COST, COTY, CR, CTS, DHR, DECK, XRAY, BOOM, EFX, EQT, EXPI, FIVN, FLS, FTNT, FTV, FDP, IT, GILD, GGG, HELE, HD, DHI, HUN, HURC, NSP, INTC, IPAR, IBKR, IPI, JBLU, KBH, KSS, LZB, LEG, LDOS, LEN, LNC, RAMP, LPLA, MHO, MGY, MA, META, MU, MSFT, MCO, MS, MLI, MYGN, ^IXIC, NWL, NI, NWPX, NTNX, OXY, ORI, OLN, ORCL, PEN, PETS, PLXS, PHM, QTWO, QCOM, RL, RJF, ROL, ^GSPC, SAIA, CRM, SMG, SEIC, SIGI, SHW, SGI, SNPS, TPR, TDY, MZTI, TTD, TKR, TOL, TSCO, TDG, TWLO, UGI, UIS, UNH, VFC, VRSN, WSO, WERN, WEX, WSM, WSC, ITA, IHE, FTEC, FDN, QTEC, FXL, FXI, AIQ, IYZ, IXN, SLV, ITB, ECH, EIS, EWM, EWD, TUR, PBE, SSO, XLY, SPY, XLK, VIS, 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.
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-- Thomas Bulkowski
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