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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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Busted
Patterns
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Patterns
Small Patterns
Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 10/20/2017
23,329 165.59 0.7%
9,972 85.59 0.9%
749 1.35 0.2%
6,629 23.98 0.4%
2,575 13.11 0.5%
YTD
18.0%
10.3%
13.6%
23.1%
15.0%
Tom's Targets    Overview: 10/16/2017
23,700 or 22,700 by 11/01/2017
10,300 or 9,700 by 11/01/2017
775 or 725 by 11/01/2017
6,700 or 6,500 by 11/01/2017
2,625 or 2,525 by 11/01/2017

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Monday 10/23/17. Market Monday: The Week Ahead

My Prediction

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

I show the S&P 500 index on the daily scale.

I drew two red lines, paralleling price action. They slope upward and form a channel.

I'm not sure what more there is to say. This index is broad enough that it means the general market has made a good gain this week. Indeed, the rise since the low in mid August has been wonderful.

Today's (Friday's) gap up out of a congestion region is probably a breakaway gap, but it could also be an area gap.

If it's a break away, then look for a continued rise.

Of course, I'm still making noises that the market is overbought and there are signs of weakness. But the markets continue to rise. One day, I'll be right and we'll see the markets drop. Until then, enjoy the ride upward. Be sure to bring your parachute and bottled oxygen.

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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.

Monday: Up 85.24 points.
Tuesday: Up 40.48 points.
Wednesday: Up 160.16 points.
Thursday: Up 5.44 points.
Friday: Up 165.59 points.

For the Week...

The Dow industrials were up 456.91 points or 2.0%.
The Nasdaq composite was up 23.25 points or 0.4%.
The S&P 500 index was up 22.04 points or 0.9%.

Year to Date...

Dow Industrials
     0.0% down from the high of 23,328.84 on 10/20/2017.
     18.6% up from the low of 19,677.94 on 01/19/2017.
Nasdaq
     0.2% down from the high of 6,640.03 on 10/20/2017.
     22.8% up from the low of 5,397.99 on 01/03/2017.
S&P 500
     0.0% down from the high of 2,575.44 on 10/20/2017.
     14.7% up from the low of 2,245.13 on 01/03/2017.

Options Expiration

No options expire this week.

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Swing and Position Traders: Chart Pattern Indicator

As of 10/20/2017, the CPI had:

8 bearish patterns,
42 bullish patterns,
242 patterns waiting for breakout.
The CPI signal is 84.0%, which is bullish (>= 65%).

The chart pattern indicator is bullish with 2 of 3 full 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  23,159  23,244  23,286  23,371  23,413 
Weekly  22,740  23,034  23,182  23,476  23,623 
Monthly  21,849  22,589  22,959  23,699  24,069 
S&P500 (^GSPC): Daily  2,565  2,570  2,573  2,578  2,581 
Weekly  2,539  2,557  2,566  2,584  2,594 
Monthly  2,459  2,517  2,546  2,604  2,634 
Nasdaq (^IXIC): Daily  6,614  6,621  6,631  6,638  6,648 
Weekly  6,528  6,578  6,609  6,660  6,691 
Monthly  6,242  6,435  6,538  6,731  6,834 
  • 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:

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) 6 weeks up 8.0%   Expect a reversal soon. 
 7 months up 2.6%   Expect a reversal soon. 
 S & P 500 (^GSPC) 6 weeks up 6.4%   Expect a reversal soon. 
 7 months up 7.7%   Expect a reversal soon. 
 Nasdaq composite (^IXIC) 4 weeks up 20.6%   Expect a reversal soon. 
 4 months up 20.6%   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
14Triangle, symmetrical
7Double Bottom, Adam and Adam
6Pipe bottom
5Rising wedge
3Pennant
3Pipe top
3Triple top
3Double Top, Eve and Adam
3Head-and-shoulders bottom
3Triangle, ascending

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. Semiconductor1. Semiconductor
2. Semiconductor Cap Equip.2. Semiconductor Cap Equip.
3. Computer Software and Svcs3. Machinery
4. Machinery4. Electronics
5. Aerospace/Defense5. Aerospace/Defense
50. Retail Store50. Drug
51. Retail (Special Lines)51. Retail (Special Lines)
52. Household Products52. Household Products
53. Food Processing53. Food Processing
54. Advertising54. Advertising
55. Petroleum (Producing)55. Oilfield Svcs/Equipment
56. Short ETFs56. Short ETFs
57. Oilfield Svcs/Equipment57. Petroleum (Producing)

-- Thomas Bulkowski

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Friday 10/20/17. 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 15 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 595 stocks searched, or 2.5%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

I found 1 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 7 bullish chart patterns this week and 4 bearish ones with any remaining (1) 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
ATSGTriangle, symmetrical      09/25/201710/19/2017Air Transport
CEDouble Top, Adam and Adam      10/09/201710/16/2017Chemical (Basic)
CHDBroadening wedge, descending      09/26/201710/13/2017Household Products
HLTriangle, symmetrical      08/02/201710/16/2017Metals and Mining (Div.)
NWPXRising wedge      08/10/201710/13/2017Building Materials
ORIRectangle top      09/18/201710/19/2017Insurance (Prop/Casualty)
PKGTriangle, symmetrical      09/20/201710/19/2017Packaging and Container
PETSHead-and-shoulders bottom      09/19/201710/16/2017Medical Services
PCGDead-cat bounce      10/12/201710/16/2017Electric Utility (West)
SIGIBroadening top      10/09/201710/19/2017Insurance (Prop/Casualty)
TDCHead-and-shoulders top      09/19/201710/16/2017Computer Software and Svcs
VMCTriangle, symmetrical      08/25/201710/19/2017Cement and Aggregates
IYETriangle, symmetrical      09/25/201710/17/2017Petroleum (Integrated)
EWZDiamond top      09/11/201710/16/2017Investment Co. (Foreign)
EWPBroadening wedge, descending      09/19/201710/19/2017Investment Co. (Foreign)
USOPipe bottom      10/02/201710/09/2017Petroleum (Producing)

 

Weekly screen for chart patterns ending between 10/12/2017 and 10/19/2017. 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.
 
Air Transport Services Group (ATSG)
Industry: Air Transport
Industry RS rank: 30 out of 56
Stock RS rank: 30 out of 587
10/19/17 close: $24.52
1 Month avg volatility: $0.86. Volatility stop (for upward breakout): $22.19 or 9.5% below the close.
Change YTD: 53.63%
Volume: 201,300 shares. 3 month avg: 455,643 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: Triangle, symmetrical continuation pattern from 09/25/2017 to 10/19/2017
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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Celanese Corp (CE)
Industry: Chemical (Basic)
Industry RS rank: 27 out of 56
Stock RS rank: 140 out of 587
10/19/17 close: $105.29
1 Month avg volatility: $1.69. Volatility stop (for downward breakout): $108.68 or 3.2% above the close.
Change YTD: 33.72%
Volume: 872,500 shares. 3 month avg: 854,017 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, Adam and Adam reversal pattern from 10/09/2017 to 10/16/2017
Breakout is downward 100% of the time.
Average decline: 19%.
Break-even failure rate: 8%.
Pullbacks occur 61% of the time.
Price hits measure rule target 72% of the time.

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Church and Dwight Co Inc (CHD)
Industry: Household Products
Industry RS rank: 51 out of 56
Stock RS rank: 488 out of 587
10/19/17 close: $47.28
1 Month avg volatility: $0.65. Volatility stop (for upward breakout): $45.62 or 3.5% below the close.
Change YTD: 6.99%
Volume: 1,273,000 shares. 3 month avg: 1,390,375 shares.
Since 2009 bear market, the best buy day (fewest up closes) is Wednesday, and best sell day (most up closes) is Monday.
 
Chart pattern: Broadening wedge, descending reversal pattern from 09/26/2017 to 10/13/2017
Breakout is upward 79% of the time.
Average rise: 33%.
Break-even failure rate: 6%.
Throwbacks occur 53% of the time.
Price hits measure rule target 79% of the time.

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Hecla Mining Co. (HL)
Industry: Metals and Mining (Div.)
Industry RS rank: 21 out of 56
Stock RS rank: 499 out of 587
10/19/17 close: $5.06
1 Month avg volatility: $0.14. Volatility stop (for upward breakout): $4.72 or 6.7% below the close.
Change YTD: -3.44%
Volume: 2,368,200 shares. 3 month avg: 3,919,829 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: Triangle, symmetrical continuation pattern from 08/02/2017 to 10/16/2017
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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Northwest Pipe Co (NWPX)
Industry: Building Materials
WARNING: This industry is within the top 7 that Dead-cat bounce often.
Industry RS rank: 35 out of 56
Stock RS rank: 10 out of 587
10/19/17 close: $20.39
1 Month avg volatility: $0.59. Volatility stop (for downward breakout): $21.63 or 6.1% above the close.
Change YTD: 18.41%
Volume: 18,100 shares. 3 month avg: 44,585 shares.
This security may be thinly traded (less than 100k 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: Rising wedge reversal pattern from 08/10/2017 to 10/13/2017
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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Old Republic International Corp (ORI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 37 out of 56
Stock RS rank: 440 out of 587
10/19/17 close: $19.69
1 Month avg volatility: $0.21. Volatility stop (for upward breakout): $19.06 or 3.2% below the close.
Change YTD: 3.63%
Volume: 653,500 shares. 3 month avg: 1,226,680 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: Rectangle top continuation pattern from 09/18/2017 to 10/19/2017
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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Packaging Corp of America (PKG)
Industry: Packaging and Container
Industry RS rank: 17 out of 56
Stock RS rank: 97 out of 587
10/19/17 close: $116.60
1 Month avg volatility: $1.58. Volatility stop (for upward breakout): $112.52 or 3.5% below the close.
Change YTD: 37.47%
Volume: 386,300 shares. 3 month avg: 1,223,677 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: Triangle, symmetrical continuation pattern from 09/20/2017 to 10/19/2017
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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PetMed Express Inc. (PETS)
Industry: Medical Services
Industry RS rank: 31 out of 56
Stock RS rank: 11 out of 587
10/19/17 close: $35.87
1 Month avg volatility: $1.20. Volatility stop (for upward breakout): $32.96 or 8.1% below the close.
Change YTD: 55.48%
Volume: 637,900 shares. 3 month avg: 1,207,837 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: Head-and-shoulders bottom reversal pattern from 09/19/2017 to 10/16/2017
Breakout is upward 100% of the time.
Average rise: 38%.
Break-even failure rate: 3%.
Throwbacks occur 45% of the time.
Price hits measure rule target 74% of the time.

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PG and E (PCG)
Industry: Electric Utility (West)
Industry RS rank: 45 out of 56
Stock RS rank: 540 out of 587
10/19/17 close: $57.00
1 Month avg volatility: $1.79. Volatility stop (for downward breakout): $61.13 or 7.3% above the close.
Change YTD: -6.20%
Volume: 9,863,800 shares. 3 month avg: 3,795,972 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: Dead-cat bounce continuation pattern from 10/12/2017 to 10/16/2017
Breakout is downward 67% of the time.
Average decline: 18%.

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Selective Insurance Group Inc (SIGI)
Industry: Insurance (Prop/Casualty)
Industry RS rank: 37 out of 56
Stock RS rank: 153 out of 587
10/19/17 close: $55.50
1 Month avg volatility: $0.97. Volatility stop (for downward breakout): $57.49 or 3.6% above the close.
Change YTD: 28.92%
Volume: 93,600 shares. 3 month avg: 188,049 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: Broadening top reversal pattern from 10/09/2017 to 10/19/2017
Breakout is downward 50% of the time.
Average decline: 15%.
Break-even failure rate: 18%.
Pullbacks occur 48% of the time.
Price hits measure rule target 37% of the time.

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Teradata Corp (TDC)
Industry: Computer Software and Svcs
Industry RS rank: 4 out of 56
Stock RS rank: 393 out of 587
10/19/17 close: $32.31
1 Month avg volatility: $0.51. Volatility stop (for downward breakout): $33.34 or 3.2% above the close.
Change YTD: 18.92%
Volume: 547,900 shares. 3 month avg: 1,532,977 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: Head-and-shoulders top reversal pattern from 09/19/2017 to 10/16/2017
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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Vulcan Materials (VMC)
Industry: Cement and Aggregates
Industry RS rank: 41 out of 56
Stock RS rank: 402 out of 587
10/19/17 close: $120.04
1 Month avg volatility: $2.17. Volatility stop (for upward breakout): $111.81 or 6.9% below the close.
Change YTD: -4.08%
Volume: 1,419,200 shares. 3 month avg: 1,252,435 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: Triangle, symmetrical continuation pattern from 08/25/2017 to 10/19/2017
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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DJ US Energy sector (iShares) (IYE)
Industry: Petroleum (Integrated)
Industry RS rank: 32 out of 56
Stock RS rank: 437 out of 587
10/19/17 close: $36.89
1 Month avg volatility: $0.31. Volatility stop (for upward breakout): $36.10 or 2.1% below the close.
Change YTD: -11.19%
Volume: 180,100 shares. 3 month avg: 346,508 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 09/25/2017 to 10/17/2017
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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MSCI Brazil Index fund (EWZ)
Industry: Investment Co. (Foreign)
Industry RS rank: 18 out of 56
Stock RS rank: 183 out of 587
10/19/17 close: $42.50
1 Month avg volatility: $0.63. Volatility stop (for downward breakout): $43.75 or 2.9% above the close.
Change YTD: 27.47%
Volume: 13,723,200 shares. 3 month avg: 16,460,734 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: Diamond top reversal pattern from 09/11/2017 to 10/16/2017
Breakout is downward 69% of the time.
Average decline: 21%.
Break-even failure rate: 6%.
Pullbacks occur 57% of the time.
Price hits measure rule target 76% of the time.

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MSCI Spain Index (EWP)
Industry: Investment Co. (Foreign)
Industry RS rank: 18 out of 56
Stock RS rank: 292 out of 587
10/19/17 close: $33.19
1 Month avg volatility: $0.27. Volatility stop (for upward breakout): $32.59 or 1.8% below the close.
Change YTD: 25.20%
Volume: 1,699,400 shares. 3 month avg: 1,876,502 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, descending reversal pattern from 09/19/2017 to 10/19/2017
Breakout is upward 79% of the time.
Average rise: 33%.
Break-even failure rate: 6%.
Throwbacks occur 53% of the time.
Price hits measure rule target 79% of the time.

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United States Oil (USO)
Industry: Petroleum (Producing)
Industry RS rank: 54 out of 56
Stock RS rank: 453 out of 587
10/19/17 close: $10.35
1 Month avg volatility: $0.14. Volatility stop (for upward breakout): $10.03 or 3.1% below the close.
Change YTD: -11.69%
Volume: 11,552,300 shares. 3 month avg: 21,101,972 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 10/02/2017 to 10/09/2017
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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Thursday 10/19/17. Intraday Market Direction: Dow

The index climbed by 0.0% or 0.56 points. Since 02/05/1971 the index made 638 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 362 occasions.
     Average loss was -0.9% on 276 occasions.
Expect the index to close higher 56.7% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 138/243 or 56.8% of the time.
     The prediction of the index closing lower has been right 42/82 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 Dow on the 5 minute scale.

$ $ $

I show a picture of the Dow (should have been the Nasdaq composite) on the 5-minute scale.

The chart pattern indicator is still bearish for the second day in a row. The 160 point climb in the Dow today (Wednesday) seemed confined to the Dow industrials.

The chart shows the Dow gapped upward and also trended at a slightly steeper slope. That means higher momentum. I find that odd, given what the CPI says and what my portfolio did today.

I'm still bullish but cautious. I expect the markets to tumble...

$ $ $

I released a new article on learning to become an experienced and profitable trader. If you've ever asked me to be your mentor, the article is worth a read. If describes an example of how I swing trade. Don't forget the popcorn.

$ $ $

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  6,255.63    
 Monthly S1  6,439.93  184.29   
 Monthly Pivot  6,528.25  88.33   
 Weekly S2  6,546.06  17.81   
 Weekly S1  6,585.14  39.08   
 Weekly Pivot  6,600.86  15.72   
 Daily S2  6,602.46  1.60   Yes! The Daily S2 is close to the Weekly Pivot.
 Daily S1  6,613.34  10.88   
 Low  6,613.55  0.21   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High  6,621.94  8.39   
 Close  6,624.22  2.28   
 Daily Pivot  6,624.43  0.21   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  6,624.54  0.10   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  6,627.13  2.59   
 Open  6,634.26  7.13   
 Daily R1  6,635.31  1.05   Yes! The Daily R1 is close to the Open.
 High  6,635.52  0.21   Yes! The High is close to the Daily R1.
 Weekly R1  6,639.94  4.42   
 Daily R2  6,646.40  6.46   
 Weekly R2  6,655.66  9.26   
 Monthly R1  6,712.55  56.89   
 Monthly R2  6,800.87  88.33   

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