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Thomas Bulkowski’s successful investment activities allowed him to retire at age 36. He is an internationally known author and trader with 30+ years of stock market experience and widely regarded as a leading expert on chart patterns. He may be reached at

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Chart Patterns: After the Buy
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Visual Guide to Chart Patterns book.
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Busted
Patterns
Candles Chart
Patterns
Event
Patterns
Small Patterns
Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 02/17/2017
20,624 4.28 0.0%
9,495 20.41 0.2%
672 1.27 0.2%
5,839 23.68 0.4%
2,351 3.94 0.2%
YTD
4.4%
5.0%
1.9%
8.5%
5.0%
Tom's Targets    Overview: 02/14/2017
20,750 or 19,800 by 03/01/2017
8,800 or 9,700 by 03/01/2017
700 or 640 by 03/01/2017
5,950 or 5,650 by 03/01/2017
2,400 or 2,260 by 03/01/2017
Indus strength: None YTD
Mutt Losers: None YTD
Mutt Winners: None YTD

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Tuesday 1/21/17. A look at Washington's Birthday

Washington's birthday is Monday, a market holiday.

How does the market perform before and after the holiday?

Price closes higher 39.2% of the time the trading day before Washington's birthday. In other words, they close lower. It's the worst performing pre-holiday result of the nine holidays studied.

After the holiday, the Dow closes up 50.7% of the time. That's random.

In a bear market, Washington's birthday shows the worst post-holiday performance with price closing up just 28.8% of the time.

For more information, click to link and read the research.

-- Thomas Bulkowski


Friday 2/17/17. 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.

There were 17 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 621 stocks searched, or 2.7%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

I found 5 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move (I see many of them just before a bear market ends or during a bear market rally. Often it means the first bottom of a double bottom has formed. Thus, expect a move down to the second bottom).

Excluding ETFs, there were 9 bullish chart patterns this week and 7 bearish ones with any remaining (5) being undecided. The ratio of bullish to bearish patterns suggests the market is hinting of a coming bullish (up) 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
AEISChannel      04/29/201602/16/2017Semiconductor
AVPDead-cat bounce      02/16/201702/16/2017Toiletries/Cosmetics
BIIBPipe bottom      01/30/201702/06/2017Biotechnology
BBWDead-cat bounce      02/16/201702/16/2017Retail (Special Lines)
CFDouble Top, Eve and Adam      01/25/201702/13/2017Chemical (Basic)
CGNXChannel      01/05/201702/16/2017Precision Instrument
CMTLTriangle, descending      01/20/201702/14/2017Telecom. Equipment
^DJUChannel      01/09/201702/16/2017None
EGNPipe bottom      01/30/201702/06/2017Natural Gas (Diversified)
EQTDiamond bottom      01/17/201702/16/2017Natural Gas (Diversified)
HETriple top      12/21/201602/10/2017Electric Utility (West)
IBPTriangle, descending      12/08/201602/16/2017Retail Building Supply
NCSRectangle bottom      12/13/201602/16/2017Building Materials
NFXPipe bottom      01/30/201702/06/2017Natural Gas (Diversified)
NITriangle, symmetrical      11/01/201602/15/2017Electric Utility (Central)
ASGNBroadening wedge, ascending      01/09/201702/16/2017Human Resources
PMCPipe bottom      01/30/201702/06/2017Medical Services
RJFRising wedge      12/15/201602/16/2017Securities Brokerage
TPXPipe bottom      02/06/201702/06/2017Furn/Home Furnishings
TREXRectangle top      11/16/201602/16/2017Building Materials
YUMERectangle top      12/09/201602/16/2017Advertising
SMHRising wedge      12/28/201602/16/2017Semiconductor

 

Weekly screen for chart patterns ending between 02/09/2017 and 02/16/2017. 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.
 
Advanced Energy (AEIS)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 5 out of 56
Stock RS rank: 33 out of 613
2/16/17 close: $61.79
1 Month avg volatility: $1.62. Volatility stop (for upward breakout): $57.94 or 6.2% below the close.
Change YTD: 12.86%
Volume: 391,200 shares. 3 month avg: 365,811 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: Channel from 04/29/2016 to 02/16/2017

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Avon Products (AVP)
Industry: Toiletries/Cosmetics
Industry RS rank: 53 out of 56
Stock RS rank: 551 out of 613
2/16/17 close: $4.77
1 Month avg volatility: $0.26. Volatility stop (for downward breakout): $5.94 or 24.5% above the close.
Change YTD: -5.36%
Volume: 34,725,400 shares. 3 month avg: 5,436,634 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: Dead-cat bounce continuation pattern from 02/16/2017 to 02/16/2017
Breakout is downward 67% of the time.
Average decline: 18%.

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Biogen Idec (BIIB)
Industry: Biotechnology
Industry RS rank: 49 out of 56
Stock RS rank: 524 out of 613
2/16/17 close: $290.13
1 Month avg volatility: $5.33. Volatility stop (for upward breakout): $277.10 or 4.5% below the close.
Change YTD: 2.31%
Volume: 1,824,700 shares. 3 month avg: 1,833,343 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Pipe bottom reversal pattern from 01/30/2017 to 02/06/2017
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% 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: 39 out of 56
Stock RS rank: 592 out of 613
2/16/17 close: $9.35
1 Month avg volatility: $0.53. Volatility stop (for downward breakout): $10.42 or 11.4% above the close.
Change YTD: -32.00%
Volume: 2,360,700 shares. 3 month avg: 126,652 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: Dead-cat bounce continuation pattern from 02/16/2017 to 02/16/2017
Breakout is downward 67% of the time.
Average decline: 18%.

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CF Industries Holdings, Inc. (CF)
Industry: Chemical (Basic)
Industry RS rank: 12 out of 56
Stock RS rank: 42 out of 613
2/16/17 close: $33.52
1 Month avg volatility: $1.18. Volatility stop (for downward breakout): $38.07 or 13.6% above the close.
Change YTD: 6.48%
Volume: 10,592,700 shares. 3 month avg: 5,625,652 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: Double Top, Eve and Adam reversal pattern from 01/25/2017 to 02/13/2017
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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Cognex (CGNX)
Industry: Precision Instrument
Industry RS rank: 32 out of 56
Stock RS rank: 44 out of 613
2/16/17 close: $70.45
1 Month avg volatility: $1.42. Volatility stop (for upward breakout): $66.34 or 5.8% below the close.
Change YTD: 10.74%
Volume: 851,400 shares. 3 month avg: 543,578 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: Channel from 01/05/2017 to 02/16/2017

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Comtech Telecommunications Corp (CMTL)
Industry: Telecom. Equipment
Industry RS rank: 27 out of 56
Stock RS rank: 548 out of 613
2/16/17 close: $11.66
1 Month avg volatility: $0.30. Volatility stop (for downward breakout): $12.28 or 5.3% above the close.
Change YTD: -1.60%
Volume: 254,600 shares. 3 month avg: 287,685 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: Triangle, descending reversal pattern from 01/20/2017 to 02/14/2017
WARNING: A dead-cat bounce occurred on 12/08/2016. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 03/09/2017 and a 38% chance by 06/08/2017.
Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

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DJ 15 Utilities (^DJU)
Industry: None
Industry RS rank is unavailable.
2/16/17 close: $670.89
1 Month avg volatility: $6.05. Volatility stop (for upward breakout): $652.86 or 2.7% below the close.
Change YTD: 1.71%
Volume: 46,160,300 shares. 3 month avg: 37,605,483 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: Channel from 01/09/2017 to 02/16/2017

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Energen Corp (EGN)
Industry: Natural Gas (Diversified)
Industry RS rank: 50 out of 56
Stock RS rank: 408 out of 613
2/16/17 close: $55.92
1 Month avg volatility: $1.60. Volatility stop (for upward breakout): $52.63 or 5.9% below the close.
Change YTD: -3.03%
Volume: 1,206,200 shares. 3 month avg: 1,064,180 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: Pipe bottom reversal pattern from 01/30/2017 to 02/06/2017
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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Equitable Resources, Inc (EQT)
Industry: Natural Gas (Diversified)
Industry RS rank: 50 out of 56
Stock RS rank: 542 out of 613
2/16/17 close: $62.25
1 Month avg volatility: $1.66. Volatility stop (for upward breakout): $58.87 or 5.4% below the close.
Change YTD: -4.82%
Volume: 1,587,400 shares. 3 month avg: 1,961,632 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Tuesday.
 
Chart pattern: Diamond bottom reversal pattern from 01/17/2017 to 02/16/2017
Breakout is upward 69% of the time.
Average rise: 36%.
Break-even failure rate: 4%.
Throwbacks occur 53% of the time.
Price hits measure rule target 81% of the time.

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Hawaiian Electric Industries, Inc. (HE)
Industry: Electric Utility (West)
Industry RS rank: 45 out of 56
Stock RS rank: 282 out of 613
2/16/17 close: $32.75
1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $33.58 or 2.5% above the close.
Change YTD: -0.97%
Volume: 483,100 shares. 3 month avg: 564,982 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: Triple top reversal pattern from 12/21/2016 to 02/10/2017
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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Installed Building Products Inc (IBP)
Industry: Retail Building Supply
Industry RS rank: 36 out of 56
Stock RS rank: 67 out of 613
2/16/17 close: $41.30
1 Month avg volatility: $0.84. Volatility stop (for downward breakout): $43.23 or 4.7% above the close.
Change YTD: 0.00%
Volume: 53,200 shares. 3 month avg: 158,648 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Thursday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Triangle, descending reversal pattern from 12/08/2016 to 02/16/2017
Breakout is downward 64% of the time.
Average decline: 16%.
Break-even failure rate: 16%.
Pullbacks occur 54% of the time.
Price hits measure rule target 54% of the time.

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NCI Building Systems Inc. (NCS)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 23 out of 56
Stock RS rank: 503 out of 613
2/16/17 close: $16.05
1 Month avg volatility: $0.41. Volatility stop (for downward breakout): $16.97 or 5.7% above the close.
Change YTD: 2.56%
Volume: 202,200 shares. 3 month avg: 423,111 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: Rectangle bottom continuation pattern from 12/13/2016 to 02/16/2017
Breakout is downward 55% of the time.
Average decline: 14%.
Break-even failure rate: 16%.
Pullbacks occur 69% of the time.
Price hits measure rule target 50% of the time.

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Newfield Exploration Company (NFX)
Industry: Natural Gas (Diversified)
Industry RS rank: 50 out of 56
Stock RS rank: 533 out of 613
2/16/17 close: $42.14
1 Month avg volatility: $1.11. Volatility stop (for upward breakout): $39.87 or 5.4% below the close.
Change YTD: 4.05%
Volume: 1,619,100 shares. 3 month avg: 2,392,052 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: Pipe bottom reversal pattern from 01/30/2017 to 02/06/2017
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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Nisource Inc. (NI)
Industry: Electric Utility (Central)
Industry RS rank: 44 out of 56
Stock RS rank: 534 out of 613
2/16/17 close: $22.67
1 Month avg volatility: $0.30. Volatility stop (for upward breakout): $21.55 or 4.9% below the close.
Change YTD: 2.39%
Volume: 3,382,400 shares. 3 month avg: 2,776,171 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: Triangle, symmetrical continuation pattern from 11/01/2016 to 02/15/2017
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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On Assignment, Inc. (ASGN)
Industry: Human Resources
Industry RS rank: 3 out of 56
Stock RS rank: 69 out of 613
2/16/17 close: $48.17
1 Month avg volatility: $1.17. Volatility stop (for downward breakout): $50.52 or 4.9% above the close.
Change YTD: 9.08%
Volume: 615,200 shares. 3 month avg: 371,449 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 wedge, ascending reversal pattern from 01/09/2017 to 02/16/2017
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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PharMerica Corp (PMC)
Industry: Medical Services
Industry RS rank: 25 out of 56
Stock RS rank: 137 out of 613
2/16/17 close: $26.30
1 Month avg volatility: $0.68. Volatility stop (for upward breakout): $24.39 or 7.3% below the close.
Change YTD: 4.57%
Volume: 140,500 shares. 3 month avg: 184,098 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: Pipe bottom reversal pattern from 01/30/2017 to 02/06/2017
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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Raymond James Financial, Inc. (RJF)
Industry: Securities Brokerage
Industry RS rank: 1 out of 56
Stock RS rank: 47 out of 613
2/16/17 close: $79.07
1 Month avg volatility: $1.39. Volatility stop (for downward breakout): $82.04 or 3.8% above the close.
Change YTD: 14.15%
Volume: 519,200 shares. 3 month avg: 712,738 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Thursday.
 
Chart pattern: Rising wedge reversal pattern from 12/15/2016 to 02/16/2017
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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Tempur-pedic Intl (TPX)
Industry: Furn/Home Furnishings
Industry RS rank: 55 out of 56
Stock RS rank: 606 out of 613
2/16/17 close: $47.94
1 Month avg volatility: $2.06. Volatility stop (for upward breakout): $42.57 or 11.2% below the close.
Change YTD: -29.79%
Volume: 4,723,900 shares. 3 month avg: 1,695,329 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: Pipe bottom reversal pattern from 02/06/2017 to 02/06/2017
WARNING: A dead-cat bounce occurred on 01/30/2017. There is a 26% chance that a 15% or higher decline will occur (or has occurred since then) by 05/01/2017 and a 38% chance by 07/31/2017.
Breakout is upward 100% of the time.
Average rise: 45%.
Break-even failure rate: 5%.
Throwbacks occur 44% of the time.
Price hits measure rule target 83% of the time.

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Trex Company (TREX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 23 out of 56
Stock RS rank: 171 out of 613
2/16/17 close: $70.57
1 Month avg volatility: $1.66. Volatility stop (for upward breakout): $65.75 or 6.8% below the close.
Change YTD: 9.58%
Volume: 177,500 shares. 3 month avg: 240,446 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: Rectangle top continuation pattern from 11/16/2016 to 02/16/2017
Breakout is upward 68% of the time.
Average rise: 39%.
Break-even failure rate: 9%.
Throwbacks occur 64% of the time.
Price hits measure rule target 80% of the time.

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YuMe Inc (YUME)
Industry: Advertising
Industry RS rank: 24 out of 56
Stock RS rank: 433 out of 613
2/16/17 close: $3.45
1 Month avg volatility: $0.09. Volatility stop (for upward breakout): $3.27 or 5.1% below the close.
Change YTD: -3.63%
Volume: 77,600 shares. 3 month avg: 53,997 shares.
This security may be thinly traded (less than 100k shares)!
Since 2009 bear market, the best buy day (fewest up closes) is Friday, and best sell day (most up closes) is Friday.
 
Chart pattern: Rectangle top continuation pattern from 12/09/2016 to 02/16/2017
Breakout is upward 68% of the time.
Average rise: 39%.
Break-even failure rate: 9%.
Throwbacks occur 64% of the time.
Price hits measure rule target 80% of the time.

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VanEck Vectors Semiconductor (SMH)
Industry: Semiconductor
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 5 out of 56
Stock RS rank: 168 out of 613
2/16/17 close: $76.81
1 Month avg volatility: $0.77. Volatility stop (for downward breakout): $78.36 or 2.0% above the close.
Change YTD: 7.22%
Volume: 1,924,300 shares. 3 month avg: 2,487,617 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: Rising wedge reversal pattern from 12/28/2016 to 02/16/2017
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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Thursday 2/16/17. Intraday Market Direction: Nasdaq

The index climbed by 0.6% or 36.87 points. Since 02/05/1971 the index made 472 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 293 occasions.
     Average loss was -0.8% on 179 occasions.
Expect the index to close higher 62.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 121/211 or 57.3% of the time.
     The prediction of the index closing lower has been right 41/80 or 51.2% 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 climbing at a good angle. It's not too steep nor too shallow.

Of course, as soon as you bet that it WILL continue, the trend will end and send you for a loss.

As the chart shows, the index has been moving up at a good clip for a week now. Let's hope it continues, but don't be surprised if the channel breaks out downward. As I mentioned in a prior post, we're due for a downtrend to begin.

$ $ $

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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© 2017 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  5,421.27    
 Monthly S1  5,620.36  199.08   
 Weekly S2  5,643.38  23.02   
 Monthly Pivot  5,681.89  38.51   
 Weekly S1  5,731.41  49.52   
 Weekly Pivot  5,737.42  6.01   
 Daily S2  5,760.78  23.36   
 Low  5,776.70  15.92   
 Open  5,777.90  1.20   Yes! The Open is close to the Low.
 Daily S1  5,790.11  12.21   
 61.8% Down from Intraday High  5,793.99  3.88   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  5,799.33  5.34   
 38.2% Down from Intraday High  5,804.66  5.34   
 Daily Pivot  5,806.03  1.37   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  5,819.44  13.41   
 High  5,821.95  2.51   Yes! The High is close to the Close.
 Weekly R1  5,825.45  3.50   Yes! The Weekly R1 is close to the High.
 Weekly R2  5,831.46  6.01   
 Daily R1  5,835.36  3.90   Yes! The Daily R1 is close to the Weekly R2.
 Daily R2  5,851.28  15.92   
 Monthly R1  5,880.98  29.70   
 Monthly R2  5,942.51  61.54   

Written by and copyright © 2005-2017 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.