Bulkowski's Blog: ThePatternSite.com
As of 01/24/2020
  Indus: 28,990 -170.36 -0.6%  
  Trans: 11,060 -83.58 -0.8%  
  Utils: 932 +3.37 +0.4%  
  Nasdaq: 9,315 -87.57 -0.9%  
  S&P 500: 3,295 -30.07 -0.9%  
YTD
 +1.6%  
 +1.5%  
 +6.0%  
 +3.8%  
 +2.0%  
  Targets    Overview: 01/14/2020  
  Up arrow29,500 or 28,300 by 02/01/2020
  Up arrow11,500 or 10,700 by 02/01/2020
  Up arrow1,025 or 900 by 02/01/2020
  Up arrow9,600 or 8,900 by 02/01/2020
  Up arrow3,350 or 3,200 by 02/01/2020
As of 01/24/2020
  Indus: 28,990 -170.36 -0.6%  
  Trans: 11,060 -83.58 -0.8%  
  Utils: 932 +3.37 +0.4%  
  Nasdaq: 9,315 -87.57 -0.9%  
  S&P 500: 3,295 -30.07 -0.9%  
YTD
 +1.6%  
 +1.5%  
 +6.0%  
 +3.8%  
 +2.0%  
  Targets    Overview: 01/14/2020  
  Up arrow29,500 or 28,300 by 02/01/2020
  Up arrow11,500 or 10,700 by 02/01/2020
  Up arrow1,025 or 900 by 02/01/2020
  Up arrow9,600 or 8,900 by 02/01/2020
  Up arrow3,350 or 3,200 by 02/01/2020

 

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Monday 1/27/20. Market Monday: The Week Ahead

My Prediction

Picture of the S and P 500 on the daily scale.

This chart might seem like a repeat of one I've shown before. Indeed, if you click on the link, you'll see a similar chart in the Nasdaq.

However, this chart is of the S&P 500 index, on the daily scale.

The index is rising in a channel. Look at how long this channel has lasted...almost 4 months! It's fattened my wallet and I trust your portfolio has been helped as well.

On Friday, over concerns about the new China virus dampening commerce, the indices stumbled.

While this concern might linger, I don't think it's a show stopper. It won't hold the indices down for long. A temporary setback is easy to say about the China trade war and other foreign affairs because we've seen them before, and recently. But the virus is new. Of course, I was around for SARS but I don't recall the impact on world markets.

I believe any uneasiness will blow over quickly, and it'll be a buying opportunity when the markets bottom.

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A Brief Look Back

Picture of a flower from my garden.

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.

Tuesday: Down 152.06 points.
Wednesday: Down 9.77 points.
Thursday: Down 26.18 points.
Friday: Down 170.36 points.
Saturday: Holiday or other weird event!

For the Week...

The Dow industrials were down 358.37 points or 1.2%.
The Nasdaq composite was down 74.03 points or 0.8%.
The S&P 500 index was down 34.16 points or 1.0%.

Year to Date...

Dow Industrials
     1.3% down from the high of 29,373.62 on 01/17/2020.
     2.0% up from the low of 28,418.63 on 01/06/2020.
Nasdaq
     1.4% down from the high of 9,451.43 on 01/24/2020.
     4.2% up from the low of 8,943.50 on 01/06/2020.
S&P 500
     1.3% down from the high of 3,337.77 on 01/22/2020.
     2.5% up from the low of 3,214.64 on 01/06/2020.

Options Expiration

No options expire this week.

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Swing and Position Traders: Chart Pattern Indicator

The chart pattern indicator is bearish with 2 of 3 half triangles showing (). Additional triangles are a measure of strength with solid triangles meaning a more reliable signal than half triangles.

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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  28,595  28,792  29,041  29,238  29,486 
Weekly  28,560  28,775  29,058  29,273  29,556 
Monthly  27,916  28,453  28,913  29,450  29,910 
S&P500 (^GSPC): Daily  3,252  3,274  3,303  3,325  3,355 
Weekly  3,249  3,272  3,305  3,328  3,361 
Monthly  3,156  3,226  3,282  3,351  3,407 
Nasdaq (^IXIC): Daily  9,168  9,242  9,347  9,420  9,525 
Weekly  9,168  9,242  9,347  9,420  9,525 
Monthly  8,673  8,994  9,223  9,544  9,772 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Consecutive Price Trends

Index Consecutive
Closes So Far 
% Comments 
 Dow industrials (^DJI) 1 week down 26.9%   The trend may continue. 
 5 months up 17.9%   Expect a reversal soon. 
 S & P 500 (^GSPC) 1 week down 25.1%   The trend may continue. 
 5 months up 21.3%   Expect a reversal soon. 
 Nasdaq composite (^IXIC) 1 week down 26.5%   The trend may continue. 
 5 months up 14.3%   Expect a reversal soon. 

How long can an index close higher (or lower) each day? The adjacent table shows how often consecutive up or down closes occur in the indices, based on the most recent trend of closes.

Low percentages suggest the market is overdue to turn (think of it as the likelihood that next week or next month will continue the trend, based on historical performance). Values of 50% mean random, so most percentages will be lower.

The analysis uses data going back 10 years for weekly percentages and 25 years for monthly percentages (or the start of data, whichever is more recent). Any unchanged closing price is interpreted as the end of the string of consecutive up or down closes.

Earnings, Chart Patterns & Industries

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

 Found Chart Pattern Name
17Triangle, symmetrical
7Triple top
7Double Top, Adam and Adam
6Head-and-shoulders top
5Rising wedge
5Pennant
5Double Bottom, Adam and Adam
5Triangle, descending
5Scallop, ascending
4Triple bottom

Large numbers of bullish or bearish chart patterns can signal short- to intermediate-term market trends (many bullish chart patterns can mean an uptrend will continue, for example). However, please realize that the short-term price trend could have changed since the pattern was discovered (this is especially true of pipe tops or bottoms, which are weekly patterns).

The 10 types of most frequently appearing chart patterns in the stocks, indices, and long-only exchange traded funds I follow during the last month are shown in the adjacent table.

The industries I follow were the best (rank 1) and worst performing.

This WeekLast Week
1. Homebuilding1. Computers and Peripherals
2. Computers and Peripherals2. Homebuilding
3. Semiconductor3. Semiconductor Cap Equip.
4. Semiconductor Cap Equip.4. Semiconductor
5. Trucking/Transp. Leasing5. Trucking/Transp. Leasing

-- Thomas Bulkowski

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Friday 1/24/20. Pattern Trading Setups for the Weekend.

Go to Table.

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

Click the link for a list of symbols from the table.

The following patterns were found manually, so the results may differ from those found 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.

There were 16 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 597 stocks searched, or 2.7%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

Excluding ETFs, there were 5 bullish chart patterns this week and 6 bearish ones with any remaining (5) being undecided. The ratio of bullish to bearish patterns suggests the market is hinting of a coming bearish (down) turn.

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.

More...

-- Thomas Bulkowski

 

Symbol Chart Pattern Bullish
Bearish
Start End Industry
ATRBroadening wedge, ascending      11/22/201901/23/2020Packaging and Container
BSETDouble Top, Eve and Adam      12/20/201901/22/2020Furn/Home Furnishings
BBWFlag, high and tight      12/12/201901/23/2020Retail (Special Lines)
CHKPBroadening bottom      12/31/201901/17/2020E-Commerce
CIENTriangle, symmetrical      12/13/201901/23/2020Telecom. Equipment
EVHFlag, high and tight      11/27/201901/17/2020Healthcare Information
FLSHead-and-shoulders top      01/02/202001/17/2020Machinery
HQYTriangle, symmetrical      01/02/202001/23/2020Healthcare Information
NSPScallop, ascending      12/23/201901/17/2020Human Resources
INTCScallop, ascending      01/02/202001/23/2020Semiconductor
KLICRising wedge      11/15/201901/22/2020Semiconductor Cap Equip.
MTSIScallop, ascending      12/27/201901/23/2020Semiconductor
MUScallop, ascending      01/09/202001/23/2020Semiconductor
OMCHead-and-shoulders top      11/08/201901/21/2020Advertising
RHITriple top      01/02/202001/17/2020Human Resources
TDCBroadening top, right-angled and ascending      12/13/201901/23/2020Computer Software and Svcs

 

Weekly screen for chart patterns ending between 01/16/2020 and 01/23/2020. Many may be still in development. If no securities appear, then I have not identified any new patterns.

Definitions
RS is relative strength (where 1 is best). For other definitions, see the glossary.
’Breakout is upward/downward 100% of the time’ means price breaks out up/down by definition, not by statistically measuring the rate.
All numbers assume a bull market and are based on the breakout direction that occurs most often.
For more information, consult my book, Encyclopedia of Chart Patterns, Second Edition.
 
AptarGroup Inc (ATR)
Industry: Packaging and Container
Industry RS rank: 46 out of 58
Stock RS rank: 454 out of 593
1/23/20 close: $117.37
1 Month avg volatility: $1.51. Volatility stop (for downward breakout): $122.05 or 4.0% above the close.
Change YTD: 1.51%
Volume: 301,000 shares. 3 month avg: 241,254 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Broadening wedge, ascending reversal pattern from 11/22/2019 to 01/23/2020
Breakout is downward 73% of the time.
Average decline: 17%.
Break-even failure rate: 11%.
Pullbacks occur 57% of the time.
Price hits measure rule target 58% of the time.

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Bassett Furniture Industries Inc (BSET)
Industry: Furn/Home Furnishings
Industry RS rank: 41 out of 58
Stock RS rank: 102 out of 593
1/23/20 close: $15.24
1 Month avg volatility: $0.51. Volatility stop (for downward breakout): $17.09 or 12.1% above the close.
Change YTD: -8.63%
Volume: 60,800 shares. 3 month avg: 28,538 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Double Top, Eve and Adam reversal pattern from 12/20/2019 to 01/22/2020
Breakout is downward 100% of the time.
Average decline: 15%.
Break-even failure rate: 13%.
Pullbacks occur 64% of the time.
Price hits measure rule target 72% of the time.

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Build-A-Bear Workshop Inc (BBW)
Industry: Retail (Special Lines)
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 24 out of 58
Stock RS rank: 132 out of 593
1/23/20 close: $5.31
1 Month avg volatility: $0.28. Volatility stop (for upward breakout): $4.64 or 12.6% below the close.
Change YTD: 63.89%
Volume: 305,000 shares. 3 month avg: 99,982 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Flag, high and tight continuation pattern from 12/12/2019 to 01/23/2020
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

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Check Point Software (CHKP)
Industry: E-Commerce
Industry RS rank: 26 out of 58
Stock RS rank: 381 out of 593
1/23/20 close: $115.51
1 Month avg volatility: $1.72. Volatility stop (for upward breakout): $110.32 or 4.5% below the close.
Change YTD: 4.10%
Volume: 779,700 shares. 3 month avg: 1,143,906 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Broadening bottom reversal pattern from 12/31/2019 to 01/17/2020
Breakout is upward 53% of the time.
Average rise: 27%.
Break-even failure rate: 10%.
Throwbacks occur 41% of the time.
Price hits measure rule target 59% of the time.

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Ciena Corp (CIEN)
Industry: Telecom. Equipment
Industry RS rank: 21 out of 58
Stock RS rank: 463 out of 593
1/23/20 close: $42.50
1 Month avg volatility: $0.67. Volatility stop (for upward breakout): $40.90 or 3.8% below the close.
Change YTD: -0.45%
Volume: 1,390,500 shares. 3 month avg: 3,226,991 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 12/13/2019 to 01/23/2020
Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

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Evolent Health, Inc (EVH)
Industry: Healthcare Information
Industry RS rank: 31 out of 58
Stock RS rank: 10 out of 593
1/23/20 close: $11.28
1 Month avg volatility: $0.59. Volatility stop (for upward breakout): $9.62 or 14.7% below the close.
Change YTD: 24.64%
Volume: 1,297,300 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Tuesday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Flag, high and tight continuation pattern from 11/27/2019 to 01/17/2020
WARNING: A dead-cat bounce occurred on 11/27/2019. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 02/26/2020 and a 38% chance by 05/27/2020.
Breakout is upward 100% of the time.
Average rise: 69%.
Throwbacks occur 54% of the time.
Price hits measure rule target 90% of the time.

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Flowserve Corp (FLS)
Industry: Machinery
Industry RS rank: 40 out of 58
Stock RS rank: 472 out of 593
1/23/20 close: $49.09
1 Month avg volatility: $0.79. Volatility stop (for downward breakout): $50.69 or 3.3% above the close.
Change YTD: -1.37%
Volume: 480,300 shares. 3 month avg: 1,457,883 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Friday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 01/02/2020 to 01/17/2020
Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

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HealthEquity, Inc (HQY)
Industry: Healthcare Information
Industry RS rank: 31 out of 58
Stock RS rank: 516 out of 593
1/23/20 close: $71.76
1 Month avg volatility: $2.12. Volatility stop (for upward breakout): $66.82 or 6.9% below the close.
Change YTD: -3.12%
Volume: 568,100 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Wednesday.
 
Chart pattern: Triangle, symmetrical continuation pattern from 01/02/2020 to 01/23/2020
Breakout is upward 54% of the time.
Average rise: 31%.
Break-even failure rate: 9%.
Throwbacks occur 37% of the time.
Price hits measure rule target 66% of the time.

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Insperity (NSP)
Industry: Human Resources
Industry RS rank: 53 out of 58
Stock RS rank: 584 out of 593
1/23/20 close: $92.70
1 Month avg volatility: $1.53. Volatility stop (for upward breakout): $88.13 or 4.9% below the close.
Change YTD: 7.74%
Volume: 340,900 shares. 3 month avg: 131,942 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Scallop, ascending continuation pattern from 12/23/2019 to 01/17/2020
WARNING: A dead-cat bounce occurred on 11/04/2019. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 02/03/2020 and a 38% chance by 05/04/2020.
Breakout is upward 80% of the time.
Average rise: 31%.
Break-even failure rate: 10%.
Throwbacks occur 58% of the time.
Price hits measure rule target 58% of the time.

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Intel Corporation (INTC)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 3 out of 58
Stock RS rank: 110 out of 593
1/23/20 close: $63.32
1 Month avg volatility: $0.84. Volatility stop (for upward breakout): $61.12 or 3.5% below the close.
Change YTD: 5.80%
Volume: 39,617,700 shares. 3 month avg: 27,019,903 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Scallop, ascending continuation pattern from 01/02/2020 to 01/23/2020
Breakout is upward 80% of the time.
Average rise: 31%.
Break-even failure rate: 10%.
Throwbacks occur 58% of the time.
Price hits measure rule target 58% of the time.

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Kulicke and Soffa (KLIC)
Industry: Semiconductor Cap Equip.
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 4 out of 58
Stock RS rank: 136 out of 593
1/23/20 close: $28.18
1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $29.26 or 3.9% above the close.
Change YTD: 3.58%
Volume: 813,500 shares. 3 month avg: 518,337 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Rising wedge reversal pattern from 11/15/2019 to 01/22/2020
Breakout is downward 69% of the time.
Average decline: 14%.
Break-even failure rate: 24%.
Pullbacks occur 63% of the time.
Price hits measure rule target 46% of the time.

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MACOM Technology Solutions Holdings (MTSI)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 3 out of 58
Stock RS rank: 15 out of 593
1/23/20 close: $30.04
1 Month avg volatility: $0.77. Volatility stop (for upward breakout): $27.35 or 9.0% below the close.
Change YTD: 12.93%
Volume: 340,700 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Scallop, ascending continuation pattern from 12/27/2019 to 01/23/2020
Breakout is upward 80% of the time.
Average rise: 31%.
Break-even failure rate: 10%.
Throwbacks occur 58% of the time.
Price hits measure rule target 58% of the time.

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Micron Technology (MU)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 3 out of 58
Stock RS rank: 88 out of 593
1/23/20 close: $59.20
1 Month avg volatility: $1.34. Volatility stop (for upward breakout): $56.35 or 4.8% below the close.
Change YTD: 10.08%
Volume: 25,898,400 shares. 3 month avg: 38,182,855 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Scallop, ascending continuation pattern from 01/09/2020 to 01/23/2020
Breakout is upward 80% of the time.
Average rise: 31%.
Break-even failure rate: 10%.
Throwbacks occur 58% of the time.
Price hits measure rule target 58% of the time.

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Omnicom Group (OMC)
Industry: Advertising
Industry RS rank: 35 out of 58
Stock RS rank: 428 out of 593
1/23/20 close: $78.75
1 Month avg volatility: $0.89. Volatility stop (for downward breakout): $80.98 or 2.8% above the close.
Change YTD: -2.80%
Volume: 1,587,000 shares. 3 month avg: 2,548,395 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Head-and-shoulders top reversal pattern from 11/08/2019 to 01/21/2020
Breakout is downward 100% of the time.
Average decline: 22%.
Break-even failure rate: 4%.
Pullbacks occur 50% of the time.
Price hits measure rule target 55% of the time.

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Robert Half International (RHI)
Industry: Human Resources
Industry RS rank: 53 out of 58
Stock RS rank: 404 out of 593
1/23/20 close: $62.54
1 Month avg volatility: $0.75. Volatility stop (for downward breakout): $64.24 or 2.7% above the close.
Change YTD: -0.97%
Volume: 783,700 shares. 3 month avg: 1,012,069 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Friday.
 
Chart pattern: Triple top reversal pattern from 01/02/2020 to 01/17/2020
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 10%.
Pullbacks occur 61% of the time.
Price hits measure rule target 40% of the time.

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Teradata Corp (TDC)
Industry: Computer Software and Svcs
Industry RS rank: 13 out of 58
Stock RS rank: 577 out of 593
1/23/20 close: $26.63
1 Month avg volatility: $0.64. Volatility stop (for downward breakout): $28.14 or 5.7% above the close.
Change YTD: -0.52%
Volume: 645,300 shares. 3 month avg: 1,378,918 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Monday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Broadening top, right-angled and ascending reversal pattern from 12/13/2019 to 01/23/2020
WARNING: A dead-cat bounce occurred on 11/08/2019. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 02/07/2020 and a 38% chance by 05/08/2020.
Breakout is downward 66% of the time.
Average decline: 15%.
Break-even failure rate: 20%.
Pullbacks occur 65% of the time.
Price hits measure rule target 32% of the time.

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Thursday 1/23/20. Intraday Market Direction: Nasdaq

The index climbed by 0.1% or 12.96 points. Since 02/05/1971 the index made 702 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 390 occasions.
     Average loss was -0.7% on 312 occasions.
Expect the index to close higher 55.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 183/325 or 56.3% of the time.
     The prediction of the index closing lower has been right 54/106 or 50.9% 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.

$ $ $

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

The index is continuing to move higher, following a channel. I drew two red lines outlining the channel.

Notice that at points A and B, the index doesn't drop down far enough to touch the bottom channel line. Thus, we might expect that we'll see a turn upward if the index follows what it's done before. There's no evidence that it'll turn, really. I doubt that it'll be afraid of touching the bottom line.

If it does touch the bottom line, then one could argue that it'll keep going lower. For that, though, we'll have to wait and see.

$ $ $

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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© 2020 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  8,462.38    
 Monthly S1  8,923.07  460.70   
 Weekly S2  9,123.02  199.94   
 Monthly Pivot  9,158.28  35.26   
 Weekly S1  9,253.39  95.12   
 Weekly Pivot  9,323.44  70.04   
 Daily S2  9,335.24  11.80   
 Daily S1  9,359.50  24.27   
 Low  9,375.13  15.63   
 Close  9,383.77  8.64   
 Daily Pivot  9,399.40  15.63   
 61.8% Down from Intraday High  9,399.64  0.24   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High  9,407.21  7.57   
 38.2% Down from Intraday High  9,414.78  7.57   
 Open  9,416.61  1.83   Yes! The Open is close to the 38.2% Down from Intraday High.
 Daily R1  9,423.66  7.05   
 High  9,439.29  15.63   
 Weekly R1  9,453.81  14.52   
 Daily R2  9,463.56  9.74   
 Weekly R2  9,523.86  60.30   
 Monthly R1  9,618.97  95.12   
 Monthly R2  9,854.18  235.20   

 

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My novels:  Bumper's Story Head's Law

Chart Patterns: After the Buy Getting Started in Chart Patterns, Second Edition Trading Basics Fundamental Analysis and Position Trading Swing and Day Trading Visual Guide to Chart Patterns Encyclopedia of Candlestick Charts Encyclopedia of Chart Patterns 2nd Edition Trading Classic Chart Patterns

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