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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. His books, including the best selling Encyclopedia of Chart Patterns, have been translated into many languages. He may be reached at

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Bulkowski's Chart Pattern Indicator Update

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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P 500 (^GSPC):
As of 06/18/2013
15,318 138.38 0.9%
6,359 61.35 1.0%
491 3.01 0.6%
3,482 30.05 0.9%
1,652 12.77 0.8%
YTD
16.9%
19.8%
8.3%
15.3%
15.8%
Tom's Targets    Overview: 06/18/2013
15,700 or 14,700 by 07/01/2013
6,000 or 6,600 by 07/01/2013
500 or 470 by 07/01/2013
3,650 or 3,300 by 07/01/2013
1,750 or 1,550 by 07/01/2013

Written by and copyright © 2007-2013 by Thomas N. Bulkowski. All rights reserved.

This page shows two views of the chart pattern indicator.

 
From the FAQ...
Why do daily CPI readings not match those from the spreadsheet?

Chart Pattern Indicator Analysis

 

The following are DAILY price charts, updated once a week (after Friday's close). The scaling is approximate for the indicator (meaning it might look like it's at 36, but the actual value is really 34...it's a drawing issue with the charts I'm using). For daily signal updates, see CPI.html.

 

Chart pattern indicator chart with buy and sell signals highlighted

The above chart shows all of the signals as of Friday's close (and not updated until after next Friday's close), hiding the indicator line beneath the vertical bars. Vertical green bars are bullish, red ones are bearish, and white areas are neutral. The following charts clarify the signals.

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Chart pattern indicator chart with buy and sell signals highlighted

The most recent signal was bullish on 06/13/2013.

This chart shows the bullish and bearish signal CHANGES. As with the other charts on this page, it is updated only ONCE each week, after Friday's close.

The S&P 500 Index appears as price bars on the top, and the indicator is the blue line (which looks black) between the red and green bars near the bottom of the chart.

The last chart, below, shows the indicator by itself.

Signals can change for up to a week. If you do not understand why this happens, then read about the indicator construction, especially the warnings section.

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Raw chart pattern indicator chart

The chart pattern indicator line is not as important as the signals which it generates, but I have included a third chart of the indicator itself so you can check for divergence. Divergence often gives hints as to which way the index moves in the future.

Patternz Configuration

I moved the program setup to the CPI.html page. Click the link to be taken there.

-- Thomas Bulkowski

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See Also

Copyright © 2007-2013 by Thomas N. Bulkowski. All rights reserved. Warning: Dates on calendars are closer than they appear!