As of 08/03/2020
  Indus: 26,664 +236.08 +0.9%  
  Trans: 10,012 +16.91 +0.2%  
  Utils: 822 -8.43 -1.0%  
  Nasdaq: 10,903 +157.53 +1.5%  
  S&P 500: 3,295 +23.49 +0.7%  
YTD
-6.6%  
-8.2%  
-6.5%  
 +21.5%  
 +2.0%  
  Targets    Overview: 07/31/2020  
  Up arrow28,150 or 25,000 by 08/15/2020
  Up arrow10,600 or 9,400 by 08/15/2020
  Up arrow870 or 800 by 08/15/2020
  Up arrow11,300 or 10,200 by 08/15/2020
  Up arrow3,355 or 3,100 by 08/15/2020
CPI (updated daily): Arrows on 6/29/20
As of 08/03/2020
  Indus: 26,664 +236.08 +0.9%  
  Trans: 10,012 +16.91 +0.2%  
  Utils: 822 -8.43 -1.0%  
  Nasdaq: 10,903 +157.53 +1.5%  
  S&P 500: 3,295 +23.49 +0.7%  
YTD
-6.6%  
-8.2%  
-6.5%  
 +21.5%  
 +2.0%  
  Targets    Overview: 07/31/2020  
  Up arrow28,150 or 25,000 by 08/15/2020
  Up arrow10,600 or 9,400 by 08/15/2020
  Up arrow870 or 800 by 08/15/2020
  Up arrow11,300 or 10,200 by 08/15/2020
  Up arrow3,355 or 3,100 by 08/15/2020
CPI (updated daily): Arrows on 6/29/20

Bulkowski's Indicators

 

This page serves as the gateway to various indicators that I have tested. Below is the list. Yes, it's short because I don't use many indicators. When considering a trade, I will review the commodity channel index (CCI) and Wilder's relative strength index (RSI) plus Bollinger bands.

With CCI, it gives very short term trading signals and divergence. RSI also shows divergence and overbought/oversold signals. Those can be quite timely. Bollinger bands, when narrow, suggest a large price moving coming. That means higher volatility. Swings between bands also provide information, meaning that when price touches the top band, it may bounce off and toucher the lower one, and vice versa.

The chart pattern indicator, or CPI, provides market direction information. I find it best to trade with the trend and the CPI helps with that. If it signals green, I go long. If it signals red, I avoid taking on new, long positions and may take profits if the chart pattern indicator has just swung from buy (green) to sell (red).

 

  1. CPI location

    Chart Pattern Indicator. Invented by Thomas Bulkowski, the indicator does a very good job at predicting market turns, but it has several days of lag. Thus, the indicator is best used as a weekly signaling device only. The current reading of the indicator can be found on the home page, above Weekly Updates, near the upper left of the page (see the image, as 'Market outlook...') or on most other website pages (as 'CPI...').

  2.  

  3. Wilder's relative strength index. The page discusses the RSI and tunes the parameters for stocks. The best results come from threshold settings of 20 and 80 with 16 day look back for buys and 14 day look back for sales. Review the tests and pick your own settings.

-- Thomas Bulkowski

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See Also

 

Support this site! Clicking any of the books (below) takes you to Amazon.com. If you buy ANYTHING while there, they pay for the referral.

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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Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.
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