As of 04/30/2025   Indus: 40,669 +141.74 +0.3%     Trans: 13,640 +63.98 +0.5%     Utils: 1,033 -3.63 -0.4%     Nasdaq: 17,446 -14.98 -0.1%     S&P 500: 5,569 +8.23 +0.1%	YTD -4.4%   -14.2%    +5.1%   -9.7%   -5.3%	Targets    Overview: 04/25/2025     41,700 or 38,000 by 05/15/2025   14,400 or 13,000 by 05/15/2025   1,075 or 1,000 by 05/15/2025   18,300 or 16,500 by 05/15/2025   5,700 or 5,300 by 05/15/2025
Chart Pattern Indicator: on 4/15/25

As of 04/30/2025   Indus: 40,669 +141.74 +0.3%     Trans: 13,640 +63.98 +0.5%     Utils: 1,033 -3.63 -0.4%     Nasdaq: 17,446 -14.98 -0.1%     S&P 500: 5,569 +8.23 +0.1%	YTD -4.4%   -14.2%    +5.1%   -9.7%   -5.3%
Targets    Overview: 04/25/2025     41,700 or 38,000 by 05/15/2025   14,400 or 13,000 by 05/15/2025   1,075 or 1,000 by 05/15/2025   18,300 or 16,500 by 05/15/2025   5,700 or 5,300 by 05/15/2025
Chart Pattern Indicator: on 4/15/25

Recent Headlines Thursday 5/1/25. 2025 Forecast Update Wednesday 4/30/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 4/29/25. Slider Trading Quiz! Tribune Co. 2: TRB Monday 4/28/25. Market Monday: The Week Ahead Friday 4/25/25. Pattern Trading Setups for the Weekend.

Older Headlines Thursday 4/24/25. Intraday Market Direction: Nasdaq Wednesday 4/23/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 4/22/25. Slider Trading Quiz! Tuesday Morning (TUES) Monday 4/21/25. Market Monday: The Week Ahead Thursday 4/17/25. Intraday Market Direction: Nasdaq Wednesday 4/16/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 4/15/25. Slider Trading Quiz! TXU (symbol: TXU) Monday 4/14/25. Market Monday: The Week Ahead Friday 4/11/25. Pattern Trading Setups for the Weekend. Thursday 4/10/25. Intraday Market Direction: Nasdaq

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Tuesday 4/1/25. 2025 Forecast Update

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Here's the updated 2025 market forecast, presented in slider format.

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Here's a symbol list of 89 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AYI, AES, ALRM, ALK, AA, AFG, BCPC, BSET, BA, BR, BBW, CX, CHKP, CINF, CGNX, CAG, CR, EXP, EVRG, EXPI, FFIV, FIVN, FORM, FNV, FCX, GME, GILD, GFS, GFF, HIG, HTLD, HL, HUM, JBHT, IEX, NSP, KBH, LH, LEN, MTSI, MAS, META, NJR, NOVT, NUS, ON, ORCL, OMI, PANW, PKE, PAYX, PPG, PPL, PFG, RTX, RCKY, RGLD, CRM, SAND, SHW, SXI, TECH, TSCO, TRV, VFC, MDRX, WERN, WPM, WWD, IYK, IEZ, IYH, SLV, EWH, EWM, EWS, THD, TUR, DBA, PEJ, XLP, XLV, 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.

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

Wednesday 4/30/25. A Look at the Chart Pattern Indicator (CPI)

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 most recent signal change happened about two weeks ago when the indicator cycled from neutral to bullish. Bullish is the green vertical bar on the far right of the chart.

You can see the CPI line but it's highlighted in the inset, which is that blob in the middle of the chart. It shows the indicator gaining altitude at a steady clip. But there's a problem.

The scale for the indicator goes from 0 to 100 and the current reading is 92.4. There's not a lot to climb before it hits max.

What this tells me is to expect a retrace soon. How soon? Days to one week, but probably not more. It can't say how far the index will retrace either. All of this is just a guess, so keep that in mind.

If you're a Elliott Waver, then I believe we went through an ABC correction (from chart peak to April low). So now could be wave 1 or 3, heading for a 5 wave push upward. That means a rise, retrace, (already happened) rise (in progress), retrace, and rise. Unless it decides to extend another retrace rise pair.

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Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ALRM, ALK, ALGT, AEO, AMWD, AME, AON, ARCB, ADP, AVY, AVNT, BMI, BCPC, BMRN, BKH, BR, CDNS, CALM, CPB, CENX, CHKP, CINF, CLNE, CLX, CMTL, CXW, CR, CROX, CCK, CW, ^DJU, EXP, EME, EFX, FFIV, FARO, FIVN, FTV, FDP, GIS, GILD, HQY, HELE, HNI, HD, HON, HUM, JBHT, IDXX, ITW, NSP, ITGR, IBKR, K, KFRC, LH, LANC, RAMP, LPLA, MANH, MAN, MAS, MA, MDT, META, MCO, MS, ^IXIC, NOVT, NUS, OTEX, ORCL, PTEN, PAYX, PCTY, PFG, PG, PEG, PSTG, QTWO, RJF, RTX, RGS, RNG, RCKY, ROST, RGLD, ^GSPC, CRM, SKYW, SXI, TGT, TECH, TSCO, TRV, TWLO, UIS, UNH, MDRX, WERN, WPM, WSM, WOLF, ZBRA, IAI, IYC, FTEC, FDN, BOTZ, QQQ, IYH, IGV, MXI, SLV, IHI, EWO, EWI, EWY, EWL, EWT, THD, TUR, QLD, SSO, ROBO, XLY, XLV, SPY, XAR, XLK, UNG, VHT, 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.

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

Tuesday 4/29/25. Slider Trading Quiz!

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I show another slider trading quiz featuring Tribune Co. 2: TRB stock.

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Here's a symbol list of 92 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, AEE, AEO, AMN, AAPL, ARW, ADSK, BA, BFH, BR, CALM, CPB, CF, CLF, CNX, CGNX, CMTL, ED, CSGP, CROX, CSGS, CMI, DHR, EXP, EBAY, EME, EQT, FFIV, FARO, FIS, FIVN, FMC, HNI, HUM, NSP, IPI, JAZZ, K, MRK, NEU, NI, NOVT, PTEN, PPL, PHM, ROK, RCKY, RGLD, SAIA, SBH, SEIC, NOW, STR, TDOC, TSCO, TZOO, UHAL, UIS, UNH, VEEV, WMB, WSC, WOLF, WWW, IDU, QTEC, FXL, MXI, IXN, ILF, IEO, EWK, EWZ, ECH, EWG, EWI, EWJ, EWM, EWS, EZA, EWP, EWL, EWU, PJP. 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, author: Invest for Two-Comma Wealth and the novel (fiction), Foresight (#Ad)

Monday 4/28/25. 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 two chart patterns in Christmas colors, on the daily scale.

The first is A, red, which is a diamond bottom. This example has an upward breakout when price closes outside the north-east trendline. The index doesn't rise much afterward, though.

The second pattern is in green, at B. It's a broadening top because price enters the pattern from the bottom. This example as three touches on the bottom but falls one short of that on the top (measured by minor highs and minor lows, and not by individual price bar touches).

So, it's not ideal.

I am looking for the indices to calm down because I believe Trump is surrendering in his tariff war(s). I expect the index to rise to touch the top trendline. Of course, it's a weekend, and Trump will push things around on something or other. Overall, I'm expecting the markets to recover.

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 62 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AMN, AON, APOG, AMAT, ANET, BMY, CACI, CALM, CPB, CNC, CLNE, CNX, ED, EBAY, EME, EVRG, FICO, FISV, GD, GOOGL, GPRO, HLIT, HUM, INCY, IPAR, IPI, K, LMT, META, MUR, PCG, PLXS, RRC, RLI, SAIA, SHOP, STR, SO, TREX, UNH, VRSN, IDU, FDN, BOTZ, IHF, EWK, EWZ, EWG, EWI, EZA, EWP, EWU, DBA, XLU, 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.

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), Foresight (#Ad)

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