Bulkowski's Blog: ThePatternSite.com
As of 11/28/2022
  Indus: 33,849 -497.57 -1.4%  
  Trans: 14,145 -297.18 -2.1%  
  Utils: 962 -10.18 -1.0%  
  Nasdaq: 11,050 -176.86 -1.6%  
  S&P 500: 3,964 -62.18 -1.5%  
YTD
-6.8%  
-14.2%  
-1.9%  
-29.4%  
-16.8%  
  Targets    Overview: 11/11/2022  
  Up arrow35,000 or 32,000 by 12/01/2022
  Up arrow15,300 or 13,400 by 12/01/2022
  Up arrow1,000 or 925 by 12/15/2022
  Up arrow11,850 or 10,400 by 12/01/2022
  Up arrow4,150 or 3,700 by 12/01/2022
CPI (updated daily): Arrows on 11/28/22
As of 11/28/2022
  Indus: 33,849 -497.57 -1.4%  
  Trans: 14,145 -297.18 -2.1%  
  Utils: 962 -10.18 -1.0%  
  Nasdaq: 11,050 -176.86 -1.6%  
  S&P 500: 3,964 -62.18 -1.5%  
YTD
-6.8%  
-14.2%  
-1.9%  
-29.4%  
-16.8%  
  Targets    Overview: 11/11/2022  
  Up arrow35,000 or 32,000 by 12/01/2022
  Up arrow15,300 or 13,400 by 12/01/2022
  Up arrow1,000 or 925 by 12/15/2022
  Up arrow11,850 or 10,400 by 12/01/2022
  Up arrow4,150 or 3,700 by 12/01/2022
CPI (updated daily): Arrows on 11/28/22

April 2022 Headlines

Archives


Friday 4/29/22. Critical Patternz Bug Fix

John Haeger reports that when getting quotes from yahoo, the program hung (it used to work fine but no longer). An investigation into the problem highlighted a bug in the code that appeared after getting an unusual response from yahoo. The new Patternz program (4/29/2022 version 7.0.0.36) fixes the bug.

Don't run the program until you replace it with the new version.

Many thanks to John for reporting this, and sorry for the inconvenience.

-- Thomas Bulkowski

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Friday 4/29/22. Pattern Trading Setups for the Weekend.

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Here's a symbol list of 69 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADTN, AEO, AEL, AMGN, ADM, AIZ, BCPC, BSET, BA, BBW, BG, CLS, CHD, CTXS, CNO, CLR, CTS, FLS, GGG, HLIT, HSC, HIG, HQY, HP, IVC, JAZZ, JBLU, LH, LXU, MRTN, MTRN, FB, MGEE, NBR, NCR, NJR, NWPX, OLN, PTEN, PYPL, PCG, QCOM, RJF, RGS, RES, SUM, TGT, TDOC, TFX, TER, UGI, VC, ITA, ICF, SLV, EWZ, PPA, PJP, IXC. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

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

The following patterns were found manually, not 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.

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.

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
MMMTriple top      03/30/202204/21/2022Diversified Co.
ADBEDouble Top, Adam and Eve      03/22/202204/04/2022Computer Software and Svcs
AEISDouble Top, Adam and Adam      03/18/202203/29/2022Semiconductor
AESPipe top      03/28/202204/04/2022Electric Utility (East)
ALLDouble Top, Adam and Adam      04/11/202204/21/2022Insurance (Prop/Casualty)
DOXTriangle, symmetrical      03/29/202204/18/2022IT Services
AFGDouble Top, Adam and Adam      03/29/202204/21/2022Insurance (Prop/Casualty)
ABCDouble Top, Adam and Adam      04/08/202204/21/2022Biotechnology
AMGNTriple top      04/11/202204/21/2022Biotechnology
AMNBroadening top      03/21/202204/28/2022Human Resources
ATRHead-and-shoulders top      03/31/202204/21/2022Packaging and Container
AWIDouble Top, Adam and Eve      03/22/202204/21/2022Building Materials
AGOHead-and-shoulders top      02/25/202204/21/2022Insurance (Life)
ATODouble Top, Eve and Adam      04/11/202204/20/2022Natural Gas (Diversified)
AVADouble Top, Adam and Eve      03/07/202204/07/2022Electric Utility (West)
AZTADouble Top, Adam and Adam      03/21/202203/29/2022Semiconductor Cap Equip.
BSETTriangle, symmetrical      04/04/202204/21/2022Furn/Home Furnishings
CEBroadening top      03/21/202204/25/2022Chemical (Basic)
CNCDouble Top, Adam and Adam      04/08/202204/21/2022Medical Services
CHKPDouble Top, Adam and Eve      04/08/202204/20/2022E-Commerce
CHDDouble Top, Eve and Eve      04/12/202204/27/2022Household Products
CLXUgly double bottom      03/14/202204/19/2022Household Products
CLRPipe top      04/11/202204/18/2022Petroleum (Producing)
COSTDouble Top, Adam and Adam      04/07/202204/21/2022Retail Store
CRHead-and-shoulders top      03/22/202204/21/2022Diversified Co.
^DJUDouble Top, Eve and Adam      04/08/202204/20/2022None
^DJIDouble Top, Adam and Adam      03/29/202204/21/2022None
DRQHorn top      04/04/202204/18/2022Oilfield Svcs/Equipment
FISDouble Top, Adam and Eve      04/05/202204/20/2022Computer Software and Svcs
FLEXPipe top      03/28/202204/04/2022Electronics
FORMDouble Bottom, Adam and Adam      04/11/202204/27/2022Semiconductor
FTNTDouble Top, Eve and Adam      03/31/202204/21/2022Computer Software and Svcs
FCXTriple top      03/25/202204/18/2022Metals and Mining (Div.)
GPSDead-cat bounce      04/22/202204/22/2022Apparel
HAYNPipe top      03/28/202204/04/2022Building Materials
HPPipe top      04/11/202204/18/2022Petroleum (Producing)
HONDouble Top, Eve and Adam      03/29/202204/21/2022Aerospace/Defense
IPIPipe top      04/11/202204/18/2022Chemical (Diversified)
ISRGDouble Top, Eve and Adam      04/04/202204/21/2022Medical Supplies
JKHYDouble Top, Eve and Eve      04/06/202204/21/2022IT Services
JBLUThree Falling Peaks      02/16/202204/21/2022Air Transport
LHXDouble Top, Eve and Adam      04/08/202204/19/2022Aerospace/Defense
LHDouble Top, Adam and Adam      04/11/202204/21/2022Medical Services
LAMRDouble Top, Eve and Adam      03/31/202204/21/2022Advertising
LLYPipe top      04/11/202204/11/2022Drug
LOWDiamond bottom      04/12/202204/28/2022Retail Building Supply
MANHTriple top      03/22/202204/21/2022IT Services
MADouble Bottom, Eve and Adam      04/13/202204/26/2022Financial Services
NCRDead-cat bounce      04/27/202204/27/2022IT Services
NJRTriple top      04/01/202204/21/2022Natural Gas (Distributor)
NUSHead-and-shoulders bottom      03/01/202203/24/2022Toiletries/Cosmetics
OXYDouble Top, Eve and Eve      03/23/202204/21/2022Petroleum (Producing)
OLNPipe top      04/11/202204/18/2022Chemical (Basic)
ASGNBroadening top      03/18/202204/27/2022Human Resources
PAYXDouble Top, Eve and Adam      04/06/202204/21/2022IT Services
PLXSDouble Bottom, Eve and Eve      04/11/202204/25/2022Electronics
PRUDouble Top, Eve and Adam      03/29/202204/21/2022Insurance (Life)
RJFPipe top      04/11/202204/18/2022Securities Brokerage
ROKHead-and-shoulders top      03/09/202204/21/2022Diversified Co.
RESPipe top      04/11/202204/18/2022Oilfield Svcs/Equipment
SCHWDouble Top, Adam and Adam      03/22/202203/29/2022Securities Brokerage
SCSDouble Bottom, Adam and Adam      03/24/202204/07/2022Furn/Home Furnishings
SRDXDouble Top, Adam and Adam      03/31/202204/21/2022Medical Supplies
TDOCDead-cat bounce      04/28/202204/28/2022Healthcare Information
TMOHead-and-shoulders top      03/31/202204/20/2022Precision Instrument
VFCDouble Top, Adam and Adam      03/29/202204/21/2022Apparel
VRSNPipe top      03/28/202204/04/2022Internet
WEXHead-and-shoulders top      02/16/202204/21/2022Information Services
IHIDouble Top, Adam and Adam      04/08/202204/21/2022Medical Supplies

 

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Thursday 4/28/22. Cryptocurrency: Bitcoin (BTC-USD)

The Nasdaq dropped by 0.0% or -1.81 points. Since 02/05/1971 the Nasdaq made 695 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 396 occasions.
     Average loss was -0.9% on 299 occasions.
Expect the Nasdaq to close higher 57.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 236/417 or 56.6% of the time.
     The prediction of the Nasdaq closing lower has been right 63/132 or 47.7% 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 bitcoin.

$ $ $

I show a picture of bitcoin (BTC-USD) on the daily scale.

The currency at AB looks to be forming a double bottom. It will confirm as a valid chart pattern when the currency closes above the red line at C.

If that happens, the measure rule for the pattern suggests a rise to about 57,000. That's the height of the chart pattern from A to C added to C. Such a large move looks like wishful thinking but it would certainly make holders of the currency happy (at least some of them).


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Here's a symbol list of 104 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, AEIS, ALKS, DOX, AEO, ANIK, AMAT, ADM, BBBY, BA, BFH, BG, CHKP, CIEN, CLR, COTY, CSGS, DDS, DFS, EVH, EXC, EXPD, EZPW, FFIV, FLS, GE, GNW, GPN, GOOGL, HLIT, HE, HTLD, HP, IEX, INFN, TILE, IVC, JBLU, KMT, KFRC, KLIC, LXU, MGEE, MSFT, MLKN, MS, NBR, NCR, NFLX, NJR, NWPX, OLN, OMC, OUT, PTEN, POR, RJF, RGS, RCKY, RES, SAIA, SMTC, SLGN, SKX, SXI, SSYS, SUM, SRDX, TDC, UGI, V, ITA, IYM, FXI, IYZ, SLV, IHI, EWH, EIS, EWI, EWW, EWP, EWD, THD, IBB, PPA, PEJ, PJP, IEV, MXI, GLD. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

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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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  11,502.40    
 Monthly S1  11,995.67  493.26   
 Weekly S2  12,126.54  130.87   
 Daily S2  12,268.32  141.78   
 Weekly S1  12,307.73  39.42   
 Daily S1  12,378.62  70.89   
 Low  12,430.90  52.28   
 Close  12,488.93  58.03   
 Open  12,500.88  11.95   Yes! The Open is close to the Close.
 61.8% Down from Intraday High  12,535.14  34.26   
 Daily Pivot  12,541.21  6.06   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  12,567.34  26.14   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  12,599.55  32.20   
 Daily R1  12,651.51  51.97   
 High  12,703.79  52.28   
 Daily R2  12,814.10  110.31   
 Weekly Pivot  13,009.22  195.12   
 Weekly R1  13,190.41  181.20   
 Monthly Pivot  13,321.28  130.87   
 Monthly R1  13,814.55  493.26   
 Weekly R2  13,891.90  77.35   
 Monthly R2  15,140.16  1,248.27   

Wednesday 4/27/22. A Look At Indicators

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

The indicator turned bearish almost a week ago. If you look at the indicator line near the bottom of the chart, it shows the CPI near 0 (it's at 1.9%), with 0 being the lowest it can go.

The good news about this chart is that the indicator doesn't stay low for long. This is earnings season and from what we've seen, the market is skittish about earnings, especially from tech companies. So this period might look like late November where the CPI went sideways for a week or so even as the index dropped.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 59% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 46%.
The fewest was 9% on 05/03/2021.
And the most was 59% on 04/26/2022.
Shown as a blue line on the above chart...
The 457 stocks in my database are down an average of 24% from their yearly high.
A week ago, the average was 20%.
The peak was 8% on 05/07/2021.
And the bottom was 24% on 04/26/2022.

Both line set a new record for the worst performance in a year. If the trend is your friend, then it means to stay short (bearish).

Arguably, we have a bearish CPI chart and this chart is also bearish. I'm still in favor of buying the dip but it may become a question of how low the dip goes (and when it ends). Certainly the drops of the last several days have surprised me. I'm hoping some of the more notable companies will have good earnings, but Google after the close, announced disappointing earnings. So I expect the Nasdaq to get clobbered at the opening. It might recover, but who knows?

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Here's a symbol list of 132 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, AFL, DOX, AEO, AIG, ANIK, AMAT, AGO, AXS, AZTA, BCPC, BG, CACI, CALM, CNC, CRL, CHD, CIEN, CL, CLR, COST, CRH, CROX, CCRN, CSGS, CMI, CW, EMR, EQT, RE, EVH, EZPW, FLS, FMC, FRD, GE, GNW, GL, HSC, HL, HP, HOLX, ILMN, INFN, IIIN, INTC, TILE, JBLU, K, KLIC, LAWS, LXU, MRTN, MTRN, MTRX, MRK, MGEE, MSFT, MLKN, NBR, NFLX, NEE, NOC, OLN, OUT, PTEN, PFE, PFG, PG, PRU, KWR, RJF, RGS, RES, SAIA, SAIC, SEE, SMTC, SKX, SCCO, SSYS, SRDX, SNPS, TPX, TDC, TEVA, TMO, TZOO, SLCA, UGI, WRB, ITA, IYM, IYZ, SLV, IGE, EWO, EWZ, EIS, EWI, EWW, EZA, EWP, EWD, EWL, THD, PEJ, IEV, ILF, XLF, XLB, VAW. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 4/26/22. Slider Trading Quiz! Northwest Pipe 2 (NWPX)

The Dow climbed by 0.7% or 238.06 points. Since 10/01/1928 the Dow made 700 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 384 occasions.
     Average loss was -0.6% on 316 occasions.
Expect the Dow to close higher 54.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 245/435 or 56.3% of the time.
     The prediction of the Dow closing lower has been right 46/95 or 48.4% of the time.

$ $ $

I show another slider trading quiz featuring Northwest Pipe 2 (NWPX) stock.

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Here's a symbol list of 186 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AXDX, ADTN, AFL, ATSG, ALK, AIG, AMWD, AMN, APH, APOG, AMAT, ACGL, ASH, AGO, AVA, AXS, AZTA, BCPC, BSET, BECN, BIO, BMRN, BKNG, BRC, BFH, BLDR, CBT, CACI, CALM, CAL, CPB, CE, CF, CRL, CVX, CHS, CIEN, CINF, CSGS, CTS, CMI, DRQ, EXP, EMR, RE, EVH, FE, FLEX, FLS, FTNT, FWRD, FCX, FRD, GIS, GNW, GPRO, GGG, HBI, THG, HLIT, HSC, HIG, HL, HELE, HOLX, DHI, INFN, IBP, IIIN, TILE, NVTA, KMT, LH, LDOS, LEN, LLY, RAMP, LXU, MAS, MTRN, MGEE, MOS, MUR, NBR, NOV, NCR, NFLX, NEU, NXGN, NWPX, OLN, OUT, OXM, PLXS, POR, PPL, PINC, PFG, PEG, PHM, KWR, RL, REV, SAIA, SMTC, SLGN, SKX, SO, SCCO, LUV, SCS, SSYS, SUM, SRDX, TPR, TDC, TMO, TKR, RIG, TG, SLCA, VMC, WAT, WLK, WWW, ITA, IYM, IYC, ITB, IEZ, IDU, QTEC, FXI, IYZ, SLV, EWA, EWK, EWZ, EWC, EEM, EWG, EWH, EIS, EWI, EWM, EWW, EPP, EZA, EWY, EWP, EWD, EWL, THD, EWU, PPA, DBA, PEJ, IEV, IXN, ILF, MXI, XLF, GLD, XHB, XLI, VAW. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

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The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, 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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  32,719.53    
 Weekly S2  32,719.53  0.00   Yes! The Weekly S2 is close to the Monthly S2.
 Daily S2  33,043.64  324.11   
 Low  33,323.37  279.73   
 Monthly S1  33,384.49  61.12   Yes! The Monthly S1 is close to the Low.
 Weekly S1  33,384.49  0.00   Yes! The Weekly S1 is close to the Monthly S1.
 Daily S1  33,546.55  162.06   
 61.8% Down from Intraday High  33,622.34  75.79   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  33,714.69  92.35   
 Open  33,731.65  16.96   Yes! The Open is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  33,807.04  75.39   Yes! The 38.2% Down from Intraday High is close to the Open.
 Daily Pivot  33,826.28  19.24   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  34,049.46  223.18   
 High  34,106.01  56.55   Yes! The High is close to the Close.
 Daily R1  34,329.19  223.18   
 Monthly Pivot  34,438.36  109.16   
 Weekly Pivot  34,438.36  0.00   Yes! The Weekly Pivot is close to the Monthly Pivot.
 Daily R2  34,608.92  170.57   
 Weekly R1  35,103.32  494.40   
 Monthly R1  35,103.32  0.00   Yes! The Monthly R1 is close to the Weekly R1.
 Monthly R2  36,157.19  1,053.86   
 Weekly R2  36,157.19  0.00   Yes! The Weekly R2 is close to the Monthly R2.

Monday 4/25/22. Market Monday: The Week Ahead

My Prediction

Picture of the S and P on the daily scale.

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

Not much happens on this chart. The bottom red trendline supports the index at several minor lows.

The top trendline, A, isn't really a trendline at all. It's a technique to draw a preliminary channel. It shows where the index, if it were to recover, might find overhead resistance.

If you use Andrew's pitchfork, you can draw the blue line, which bisects the channel. It also shows where the index might find resistance.

What does the chart suggest will happen next week? My computer informs me that on a percentage basis, the Dow industrials made 27 similar moves. On 19 occasions, the index climbed the next day by an average of 2% (the other 8 times, the index lost an average of 0.7%).

Based on that and seeing that the index is resting on support, I'd expect a bounce on Monday.


$ $ $

I released a new version of patternz: 7.0.0.35. It has bug fixes and a more polished algorithm for rounding bottoms. Let me extend my thanks to Siamak Talebian for numerous suggestions to improve the program.

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A Brief Look Back

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: Down 39.54 points.
Tuesday: Up 499.51 points.
Wednesday: Up 249.59 points.
Thursday: Down 368.03 points.
Friday: Down 981.36 points.

For the Week...

The Dow industrials were down 639.83 points or 1.9%.
The Nasdaq composite was down 511.79 points or 3.8%.
The S&P 500 index was down 120.81 points or 2.8%.

Year to Date...

Dow Industrials
     8.5% down from the high of 36,952.65 on 01/05/2022.
     4.8% up from the low of 32,272.64 on 02/24/2022.
Nasdaq
     19.0% down from the high of 15,852.14 on 01/04/2022.
     2.3% up from the low of 12,555.35 on 03/14/2022.
S&P 500
     11.3% down from the high of 4,818.62 on 01/04/2022.
     3.8% up from the low of 4,114.65 on 02/24/2022.

Options Expiration

No options expire this week.

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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  33,150  33,481  34,104  34,435  35,058 
Weekly  32,640  33,226  34,359  34,945  36,078 
Monthly  32,640  33,226  34,359  34,945  36,078 
S&P500 (^GSPC): Daily  4,190  4,231  4,308  4,349  4,427 
Weekly  4,105  4,189  4,351  4,434  4,596 
Monthly  4,023  4,147  4,392  4,517  4,762 
Nasdaq (^IXIC): Daily  12,575  12,707  12,960  13,092  13,345 
Weekly  12,243  12,541  13,126  13,424  14,009 
Monthly  11,619  12,229  13,438  14,048  15,257 

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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Earnings, Chart Patterns & Industries

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

Here's a symbol list of 245 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, ADBE, ADTN, AFL, ATSG, AKAM, ALK, AA, ALL, AMED, AXP, AIG, APH, ANIK, APOG, ATR, ACGL, ADM, ASH, AIZ, AGO, ADP, AXS, AZTA, BCPC, BECN, BERY, BIO, BMRN, BFH, BBW, BLDR, BG, CBT, CACI, CDNS, CALM, CAL, CPB, CE, CLS, CNP, CENX, CIEN, CLX, CNA, CNO, CL, CMTL, COP, CLR, COST, CCRN, CSGS, DVN, ^DJT, ^DJI, DOV, WIRE, EQT, EVH, FLEX, FMC, FTNT, FWRD, FCX, GPS, IT, GD, GIS, GILD, GS, GPRO, HBI, HIG, HQY, HL, HELE, HP, HOLX, HD, DHI, IEX, IDXX, ITGR, IBKR, ISRG, JAZZ, KMT, KFRC, KMB, KLAC, LANC, LLY, LNC, RAMP, LOW, MHO, MRO, MLM, MAS, MTRN, MGEE, MS, NCR, NFLX, NTAP, NJR, NEE, NXGN, NKE, NWPX, OXY, OGE, ORI, ASGN, OTEX, OUT, OMI, PDCO, PTEN, PAYX, PLXS, POR, PPL, PFG, PRU, PEG, PHM, KWR, RJF, RGA, REV, ROST, RES, ^GSPC, SEE, SEIC, SMTC, SHW, SKX, SO, LUV, SWN, SXI, SCS, SUM, TGT, TECH, TFX, TDC, TXT, TKR, TJX, RIG, TRV, TG, UGI, VLO, VRTX, VC, WRB, WLK, WEX, WOLF, WWW, IYM, IAI, IYC, ITB, DDM, BOTZ, ICF, IYH, IHF, IAT, IYZ, SLV, IGE, IEO, IYF, IHI, EWA, EWO, EWZ, EWC, ECH, EWQ, EWG, EWI, EWM, EPP, EZA, EWP, EWD, EWL, EWU, PPA, PEJ, PJP, PHO, ROBO, IEV, IXC, ILF, MXI, XLV, XHB, XLI, XLB, XRT, VIS, VAW. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Natural Gas (Diversified)2. Petroleum (Integrated)
3. Petroleum (Integrated)3. Oilfield Svcs/Equipment
4. Oilfield Svcs/Equipment4. Natural Gas (Diversified)
5. Natural Gas (Distributor)5. Natural Gas (Distributor)
6. Food Processing6. Electric Utility (West)
7. Electric Utility (West)7. Electric Utility (Central)
8. Electric Utility (Central)8. Electric Utility (East)
9. Electric Utility (East)9. Food Processing
10. Household Products10. Retail Store
Best Performing AboveWorst Performing Below
50. Securities Brokerage50. Toiletries/Cosmetics
51. Medical Supplies51. Trucking/Transp. Leasing
52. Internet52. Retail (Special Lines)
53. Computers and Peripherals53. Apparel
54. Furn/Home Furnishings54. Financial Services
55. Retail (Special Lines)55. E-Commerce
56. Computer Software and Svcs56. Short ETFs
57. Homebuilding57. Healthcare Information
58. Healthcare Information58. Furn/Home Furnishings
59. Shoe59. Homebuilding
60. E-Commerce60. Shoe

-- Thomas Bulkowski

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Friday 4/22/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 239 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, ADTN, AES, AFL, ATSG, AKAM, ALK, AA, ALL, AMED, AEO, AXP, AIG, APH, ANIK, ANTM, APOG, ACGL, ADM, ARW, ASH, AIZ, AGO, ADP, AZTA, BECN, BBBY, BIG, BIO, BMRN, BFH, BMY, BBW, BLDR, BG, CBT, CDNS, CAL, CE, CLS, CNP, CENX, CF, CIEN, CNO, CMTL, COP, CLR, COST, CROX, CCRN, CSGS, CTS, CMI, CW, XRAY, DVN, ^DJI, BOOM, EMN, WIRE, EFX, EQT, EZPW, FOE, FE, FLEX, FMC, FTNT, FWRD, FCX, GPS, IT, GD, GNW, GS, GPRO, HBI, HLIT, HIG, HQY, HELE, HP, HD, IDXX, IIIN, ITGR, IBKR, ISRG, JAZZ, JBLU, KMT, KFRC, KLAC, KSS, LHX, LAWS, LLY, LNC, LOW, LXU, MHO, MNDT, MRO, MLM, MTRN, MDC, MGEE, MS, NCR, NFLX, NTGR, NTAP, NJR, NWL, NEE, NXGN, NKE, NWPX, NUS, OXY, ORI, ASGN, OTEX, PTEN, PAYX, PFE, PLXS, PFG, PRU, PHM, KWR, RGS, RGA, REV, RLI, ROST, RES, SLB, SMG, SEE, SEIC, SIGI, SKX, SCCO, LUV, SWX, SWN, SUM, SRDX, TGT, TECH, TFX, TDC, TEVA, TXT, TKR, TJX, RIG, TRV, TG, VLO, VMI, VRTX, VC, WRB, WSO, WLK, WEX, WOLF, WWW, IYM, IAI, ITB, DDM, IYH, IHF, IAT, SLV, IGE, IEO, IYF, EWA, EWK, EWZ, EWC, ECH, EEM, EWQ, EWG, EWY, EWL, EWU, PXJ, PJP, PHO, IXC, ILF, MXI, XLE, XLV, XHB, XLB, VHT, VAW. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

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

The following patterns were found manually, not 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.

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.

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AJRDDouble Top, Adam and Eve      04/07/202204/14/2022Diversified Co.
ALKPipe bottom      04/04/202204/11/2022Air Transport
AMNPipe bottom      03/07/202203/14/2022Human Resources
APHDouble Top, Adam and Adam      03/21/202203/29/2022Electronics
AONUgly double bottom      01/28/202202/24/2022Insurance (Diversified)
AXSPipe top      03/28/202204/04/2022Insurance (Prop/Casualty)
BECNPipe bottom      04/04/202204/11/2022Retail Building Supply
BERYDouble Bottom, Adam and Adam      04/07/202204/18/2022Packaging and Container
BIOPipe bottom      03/07/202203/14/2022Medical Supplies
BIIBUgly double bottom      03/14/202204/06/2022Biotechnology
BAPipe bottom      03/07/202203/14/2022Aerospace/Defense
BFHPipe bottom      04/04/202204/11/2022Information Services
CBTPipe bottom      04/04/202204/11/2022Chemical (Diversified)
CRLPipe bottom      03/07/202203/14/2022Biotechnology
CHSPipe bottom      03/07/202203/14/2022Apparel
CGNXPipe top      03/28/202204/04/2022Precision Instrument
CTSHDouble Top, Adam and Adam      03/22/202203/29/2022IT Services
CSGSTriangle, ascending      03/08/202204/21/2022IT Services
CTSDouble Bottom, Adam and Adam      04/11/202204/18/2022Electronics
DVNPipe bottom      03/28/202204/04/2022Natural Gas (Diversified)
DDSBroadening bottom      12/20/202103/02/2022Retail Store
DFSUgly double bottom      03/08/202204/07/2022Financial Services
DRQDouble Top, Adam and Adam      04/04/202204/19/2022Oilfield Svcs/Equipment
EMNDouble Bottom, Adam and Adam      04/07/202204/19/2022Chemical (Diversified)
EPAMTriangle, symmetrical      03/25/202204/21/2022IT Services
EQTFlag, high and tight      02/10/202204/21/2022Natural Gas (Diversified)
FWRDPipe bottom      04/04/202204/11/2022Trucking/Transp. Leasing
FCXThree Rising Valleys      01/28/202203/15/2022Metals and Mining (Div.)
FRDScallop, ascending      03/31/202204/20/2022Building Materials
ITUgly double bottom      03/07/202204/11/2022IT Services
GPROUgly double bottom      03/14/202204/11/2022Electronics
HLHead-and-shoulders bottom      03/15/202204/06/2022Metals and Mining (Div.)
HDHead-and-shoulders bottom      03/31/202204/18/2022Retail Building Supply
IIINDouble Bottom, Adam and Eve      02/24/202204/06/2022Building Materials
ITGRDouble Bottom, Adam and Adam      03/23/202204/06/2022Electronics
INTCPipe top      03/21/202203/28/2022Semiconductor
IPGUgly double bottom      03/08/202203/23/2022Advertising
ISRGPipe top      03/28/202204/04/2022Medical Supplies
KMTPipe bottom      04/04/202204/11/2022Metal Fabricating
LScallop, ascending and inverted      03/07/202204/07/2022Insurance (Prop/Casualty)
NCRPipe bottom      04/04/202204/11/2022IT Services
NFLXDead-cat bounce      04/20/202204/20/2022Internet
NWLPipe bottom      03/28/202204/04/2022Household Products
NEURising wedge      03/04/202204/21/2022Chemical (Specialty)
NKEPipe bottom      04/04/202204/11/2022Shoe
NWPXDouble Bottom, Eve and Eve      03/30/202204/07/2022Building Materials
OGEScallop, ascending      03/04/202204/06/2022Electric Utility (Central)
ASGNUgly double bottom      03/08/202204/11/2022Human Resources
PDCODiamond top      04/08/202204/21/2022Medical Supplies
PFEDouble Top, Eve and Eve      03/21/202204/11/2022Drug
PINCTriple bottom      02/28/202203/24/2022Healthcare Information
PHMPipe bottom      04/04/202204/11/2022Homebuilding
DGXDouble Bottom, Eve and Adam      04/06/202204/18/2022Medical Services
RNGDouble Top, Adam and Adam      03/22/202203/29/2022Computer Software and Svcs
SAIADouble Bottom, Adam and Adam      04/08/202204/18/2022Trucking/Transp. Leasing
LUVUgly double bottom      03/07/202204/11/2022Air Transport
SWNFlag, high and tight      02/22/202204/21/2022Natural Gas (Diversified)
SXITriple top      02/09/202203/21/2022Diversified Co.
SNPSPipe top      03/28/202204/04/2022Computer Software and Svcs
TGTPipe bottom      03/28/202204/04/2022Retail Store
TECHBroadening top      03/18/202204/07/2022Biotechnology
TKRPipe bottom      04/04/202204/11/2022Metal Fabricating
TJXThree Rising Valleys      03/08/202204/07/2022Retail Store
TRVDouble Top, Eve and Eve      03/28/202204/11/2022Insurance (Prop/Casualty)
UGIUgly double bottom      03/11/202204/14/2022Natural Gas (Distributor)
VEEVPipe top      03/28/202204/04/2022Healthcare Information
VCHorn top      03/14/202203/28/2022Electronics
WLKPipe bottom      04/04/202204/11/2022Chemical (Basic)
ZBRATriple top      03/18/202204/04/2022Computers and Peripherals

 

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Thursday 4/21/22. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -1.2% or -166.59 points. Since 02/05/1971 the Nasdaq made 126 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.1% on 53 occasions.
     Average loss was -1.4% on 73 occasions.
Expect the Nasdaq to close lower 57.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 236/417 or 56.6% of the time.
     The prediction of the Nasdaq closing lower has been right 62/131 or 47.3% 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.

At AB the composite tried to complete a measured move up chart pattern (red line), but the second leg (straight line up to B) didn't rise far enough to equal the first leg (straight line up from A). To me, that suggests weakness.

After that, the composite moved sideways to down and formed a channel, C, shown here in blue.

If I had to guess, I think the index has moved along the channel long enough and it's going to breakout. Which direction? Another guess: up. It couldn't do it at B, so it gathered strength at C. Maybe it'll surge higher for another try.

$ $ $

Here's a symbol list of 167 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, AEIS, ATSG, ALK, AMZN, AEE, AEO, ABC, APOG, ASH, ATO, ADP, AVNT, BMI, BCPC, BECN, BBBY, BIO, BIIB, BMRN, BKH, BAH, BFH, BLDR, BG, CBT, CAL, CLS, CX, CENX, CHS, CLNE, CMTL, ED, CROX, CMI, CW, ^DJU, DTE, DUK, BOOM, EMN, EIX, EMR, EFX, EXC, EZPW, FFIV, FOE, FE, FLEX, FWRD, FRD, GPS, IT, GNW, GL, GS, GGG, EVRG, HBI, HELE, HOLX, HON, IDXX, ILMN, INFN, IBKR, IPG, KMT, KFRC, KSS, LDOS, LLY, LNC, LOW, MHO, MAN, MGEE, MS, MLI, NCR, NFLX, NJR, NWL, NEE, NKE, NVDA, OTEX, PKG, PANW, PFE, PCG, PNW, PPL, PG, PRU, PEG, PHM, RGS, RGA, REV, RLI, ROG, ROST, CRM, SLB, SIGI, SKX, LUV, SSYS, SUM, TFX, TKR, RIG, TG, UNM, VMI, VRSN, WMT, WLK, WEX, WOLF, WWW, WDAY, IAI, IYK, IDU, IGE, EEM, EWW, EWP, EWT, ROBO, ILF, XLP, XLU, UNG, USO. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  11,460.22    
 Monthly S1  12,456.65  996.42   
 Weekly S2  13,117.38  660.73   
 Daily S2  13,266.83  149.45   
 Weekly S1  13,285.22  18.39   Yes! The Weekly S1 is close to the Daily S2.
 Daily S1  13,359.95  74.73   
 Low  13,426.13  66.18   
 Close  13,453.07  26.94   
 Weekly Pivot  13,485.59  32.52   
 Daily Pivot  13,519.25  33.66   
 61.8% Down from Intraday High  13,522.55  3.30   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 Monthly Pivot  13,551.77  29.22   
 50% Down from Intraday High  13,552.34  0.57   Yes! The 50% Down from Intraday High is close to the Monthly Pivot.
 38.2% Down from Intraday High  13,582.13  29.79   
 Daily R1  13,612.37  30.24   
 Weekly R1  13,653.43  41.06   
 Open  13,665.38  11.95   Yes! The Open is close to the Weekly R1.
 High  13,678.55  13.17   Yes! The High is close to the Open.
 Daily R2  13,771.67  93.12   
 Weekly R2  13,853.80  82.13   
 Monthly R1  14,548.20  694.40   
 Monthly R2  15,643.32  1,095.13   

Wednesday 4/20/22. A Look At Indicators

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

Two days ago, the CPI signaled a turn upward, which is a bullish signal. That's the vertical green bar on the far right of the chart. Since then, the index has responded by shooting upward today (Tuesday). Of course, that upward move may have flipped some of the chart patterns waiting on the sidelines, creating a signal the day before.

How can today generate a signal yesterday? Answer: Fancy math and signals can change for up to a week. So a large down move on Wednesday can wipe away the green bar.

Regardless, the green bar is bullish. The thin blue line at chart bottom, the CPI line, is also moving higher at a good clip. That's bullish, too.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 46% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 50%.
The fewest was 9% on 05/03/2021.
And the most was 54% on 03/07/2022.
Shown as a blue line on the above chart...
The 458 stocks in my database are down an average of 20% from their yearly high.
A week ago, the average was 21%.
The peak was 8% on 05/07/2021.
And the bottom was 23% on 03/14/2022.

Both lines show improvement this week. We still have a long way to go to reverse the downward trend of the indicator from the left of the chart to the right.

That bearish divergence is worrisome but it hasn't stopped the index from climbing between June and January. It looks ineffective. Let's ignore it.

Both charts are bullish this week, the above chart less so than the CPI chart. I'm looking for the retrace to have ended and expect a continued rise in the index over the next week.

$ $ $

Here's a symbol list of 160 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ATSG, ALRM, ALK, AFG, APA, APOG, ARCB, ARW, ADSK, BMI, BCPC, BECN, BERY, BBY, BIIB, BMRN, BOOT, EPAY, BRC, BFH, BBW, BLDR, CBT, CENX, CHKP, CIEN, CLF, CTSH, CMCO, COTY, CROX, CW, DHR, DFS, EMN, EBAY, EMR, EL, EZPW, FDS, FDX, FOE, FWRD, FDP, FRD, GE, GS, GGG, HBI, HSC, HIG, HTLD, HSY, DHI, IEX, IDXX, IBP, TILE, INTU, NVTA, JKHY, JAZZ, KMT, KFRC, KBAL, KMB, KSS, LANC, LEG, LLY, MHO, MAN, MCHX, MDC, MGEE, MLKN, MLI, NFG, NCR, NFLX, NEU, NKE, PANW, PKE, PATK, PRFT, PFE, PCG, PFG, PHM, RJF, RGS, REV, RHI, SLB, SMG, SEE, SIGI, SHW, SKX, LUV, SUM, SNPS, TPX, TDC, TXN, TKR, RIG, TRV, TG, VFC, VEEV, WSO, WLK, WEX, WSM, WOLF, WWW, ITA, IAI, IYC, ITB, IEZ, DDM, QTEC, FXL, ICF, IYH, IYZ, IYF, IHI, EEM, EWQ, EWG, EWP, EWD, EWL, EWU, DBA, PEJ, PHO, ROBO, IEV, ILF, MXI, XHB, VAW. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 4/19/22. Slider Trading Quiz!

The Dow industrials dropped by -0.1% or -39.54 points. Since 10/01/1928 the index made 1364 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 712 occasions.
     Average loss was -0.7% on 652 occasions.
Expect the index to close higher 52.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 243/433 or 56.1% of the time.
     The prediction of the index closing lower has been right 46/95 or 48.4% of the time.

$ $ $

I show another slider trading quiz featuring Northwest Pipe: NWPX (1-2-3 trend change, 2B) stock.

$ $ $

Here's a symbol list of 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, AES, APD, ATSG, APH, ANIK, AAPL, AMAT, AXS, BSET, BECN, BKH, EPAY, CPB, CENX, CRL, CIEN, CGNX, CONN, COP, CCRN, CTS, XRAY, DOV, EIX, EPAM, EQT, EZPW, FLEX, FORM, FTNT, GPRO, GGG, THG, HE, HAYN, HL, HELE, HOLX, HD, IDA, IEX, IDXX, INFN, IIIN, ISRG, IVC, NVTA, KELYA, KBAL, LZB, LDOS, LOW, MGEE, MSFT, MS, NBR, NFG, NCR, NWL, NXGN, OXY, OTEX, OXM, PETS, PNW, PG, PGR, KWR, RGS, REV, RHI, SAIA, SLB, SEIC, SIGI, NOW, SHW, SWX, SCS, SRDX, SNPS, TGT, TPX, TDC, TXN, TJX, TOL, TSCO, VEEV, VRSN, V, WRB, WSM, WOLF, WDAY, ITA, IAI, IYE, IEZ, IHE, FDN, FXL, FXI, BOTZ, IYH, IGV, SLV, IYF, IHI, EEM, EWM, EWW, EPP, EWS, EZA, EWD, EWL, EWT, DBA, PBE, PXJ, PHO, ROBO, XHB, UNG. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, 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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  31,646.60    
 Monthly S1  33,029.15  1,382.54   
 Weekly S2  33,681.53  652.38   
 Weekly S1  34,046.61  365.08   
 Daily S2  34,097.14  50.54   
 Monthly Pivot  34,200.70  103.56   
 Daily S1  34,254.42  53.71   
 Low  34,279.08  24.66   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High  34,408.66  129.58   
 Open  34,411.49  2.83   Yes! The Open is close to the 61.8% Down from Intraday High.
 Close  34,411.69  0.20   Yes! The Close is close to the Open.
 Daily Pivot  34,436.35  24.66   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  34,448.68  12.33   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 Weekly Pivot  34,467.89  19.21   Yes! The Weekly Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  34,488.71  20.82   Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot.
 Daily R1  34,593.63  104.91   
 High  34,618.29  24.66   Yes! The High is close to the Daily R1.
 Daily R2  34,775.56  157.27   
 Weekly R1  34,832.97  57.41   
 Weekly R2  35,254.25  421.28   
 Monthly R1  35,583.25  329.00   
 Monthly R2  36,754.80  1,171.56   

Monday 4/18/22. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq composite on the daily scale.

I show the Nasdaq composite on the daily scale.

The red trendline (A) is composed of just two touches, near the start of the line, so it's not something that carries a lot of weight. However, I find them useful.

Lines such as the red one shows where overhead resistance might put an end to any upward move, at least temporarily. As the chart shows, we're a long way from that happening.

The blue lines (B) outline a broadening bottom chart pattern. It has three trendline touches on the top and two on the bottom.

Because the index is midway across the pattern (vertically), I think it's time for a pause. After that, the index could continue lower until it touches the bottom line, or it could reverse and head upward.

A closer look at the chart shows that it has already paused where it is, for four days now. It's unclear what direction the index will move from here on out.


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A Brief Look Back

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: Down 413.04 points.
Tuesday: Down 87.72 points.
Wednesday: Up 344.23 points.
Thursday: Down 113.36 points.
Friday: Holiday or other weird event!

For the Week...

The Dow industrials were down 269.89 points or 0.8%.
The Nasdaq composite was down 359.92 points or 2.6%.
The S&P 500 index was down 95.69 points or 2.1%.

Year to Date...

Dow Industrials
     6.8% down from the high of 36,952.65 on 01/05/2022.
     6.8% up from the low of 32,272.64 on 02/24/2022.
Nasdaq
     15.8% down from the high of 15,852.14 on 01/04/2022.
     6.3% up from the low of 12,555.35 on 03/14/2022.
S&P 500
     8.8% down from the high of 4,818.62 on 01/04/2022.
     6.8% up from the low of 4,114.65 on 02/24/2022.

Options Expiration

No options expire this week.

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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  34,141  34,296  34,593  34,748  35,044 
Weekly  33,695  34,073  34,481  34,859  35,267 
Monthly  31,660  33,056  34,214  35,610  36,768 
S&P500 (^GSPC): Daily  4,345  4,369  4,415  4,438  4,484 
Weekly  4,325  4,359  4,415  4,449  4,505 
Monthly  3,922  4,157  4,397  4,633  4,873 
Nasdaq (^IXIC): Daily  13,135  13,243  13,453  13,561  13,771 
Weekly  13,083  13,217  13,452  13,585  13,820 
Monthly  11,426  12,389  13,518  14,480  15,609 

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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Earnings, Chart Patterns & Industries

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

Here's a symbol list of 20 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AES, AXS, CENX, CGNX, FLEX, HAYN, HL, ISRG, MA, MSFT, NWL, OXY, SCS, SNPS, TGT, TPX, VEEV, VRSN, V, EWW. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Petroleum (Integrated)2. Petroleum (Integrated)
3. Oilfield Svcs/Equipment3. Oilfield Svcs/Equipment
4. Natural Gas (Diversified)4. Natural Gas (Diversified)
5. Natural Gas (Distributor)5. Natural Gas (Distributor)
6. Electric Utility (West)6. Electric Utility (West)
7. Electric Utility (Central)7. Electric Utility (Central)
8. Electric Utility (East)8. Electric Utility (East)
9. Food Processing9. Food Processing
10. Retail Store10. Retail Store
Best Performing AboveWorst Performing Below
50. Toiletries/Cosmetics50. Toiletries/Cosmetics
51. Trucking/Transp. Leasing51. Trucking/Transp. Leasing
52. Retail (Special Lines)52. Retail (Special Lines)
53. Apparel53. Apparel
54. Financial Services54. Financial Services
55. E-Commerce55. E-Commerce
56. Short ETFs56. Short ETFs
57. Healthcare Information57. Healthcare Information
58. Furn/Home Furnishings58. Furn/Home Furnishings
59. Homebuilding59. Homebuilding
60. Shoe60. Shoe

-- Thomas Bulkowski

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Friday 4/15/22. Market Holiday. Feeding ThePatternSite.

Today is a trading holiday in the US.

If you wish to support the website, then try one of these options.

  1. Perhaps the best way is come to this site and click on an image of one of my books. You'll find the images at the bottom of the page. The click will take you to Amazon.com. The link passes a code to them and I receive a small referral fee but only if you buy something while there during the visit. You do NOT need to buy the book. It's just a method to get you to Amazon with the referral code.

    So each time you want to use Amazon.com to buy something, come to this site first. The referral is free (it does not increase the cost of anything you buy), it's easy to do, and it supports this site.

  2. Finally, you can donate to the site directly. The home page (and some other pages as well) has a Donate link at the bottom of the page. For a limited time and while supplies last, I'll throw in a free book to those with addresses in the US who donate $100 or more. See the donate page for details.

Thanks! -- Tom Bulkowski

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Thursday 4/14/22. Cryptocurrency: ETH-USD

The Nasdaq index climbed by 2.0% or 272.02 points. Since 02/05/1971 the index made 53 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.0% on 32 occasions.
     Average loss was -1.1% on 21 occasions.
Expect the Nasdaq to close higher 60.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 236/416 or 56.7% of the time.
     The prediction of the index closing lower has been right 62/131 or 47.3% 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 Ethereum on the daily scale.

$ $ $

I show a picture of the cryptocurrency ETH-USD on the daily scale.

A check of my posts says it's been a while since I commented on Ethereum cryptocurrency. So let's look at the chart.

I drew a red trendline along the peaks to see how the currency lined up. It can give hints of future direction.

At A and B we see the coin trying to rise above the trendline and struggling to maintain the advance (and failing at A but it's too soon to say it failed at B).

What's interesting is that the attempt was made. It suggests to me a bullish drive upward is coming.

To be fair, if you draw the red line higher, so it touches the tops of A and B, you'd see the same setup as C and D on this chart. Without redrawing the trendline, we see the coin touching the line and dropping. That scenario (a drop) can happen again. Indeed, it might take another drop before we see a push upward that forces the coin through the trendline.

We also see a potential head-and-shoulders bottom forming. That's a bullish pattern and it adds to the evidence of a bullish push.

$ $ $

Here's a symbol list of 138 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, AES, DOX, AEL, AFG, AIG, AMWD, ASH, AIZ, AGO, ATO, AVNT, AVA, AXS, BAX, BZH, BERY, BIG, BA, BAH, BFH, CBT, CAL, CE, CENX, CTXS, CGNX, CTSH, ED, GLW, CRH, CCRN, XRAY, DDS, DRQ, EOG, EZPW, FLEX, FDP, GPS, IT, GNW, GPN, GS, HIG, HAYN, HTLD, HL, HNI, HD, DHI, JBHT, IBKR, IPG, ISRG, IVC, KBAL, LHX, LEN, L, M, MCHX, MA, MGEE, MSFT, MLKN, MLI, MYGN, NWL, NKE, JWN, OXY, OMCL, PATK, PYPL, PETS, PNW, PFG, PEG, RJF, RGA, SEIC, SIGI, LUV, SWX, SWN, SCS, SUM, SNPS, TGT, TFX, TPX, TXT, TZOO, UNM, VEEV, VRSN, V, WAT, WSM, IYK, IEZ, IGE, EWA, EWO, EWK, EWG, EWH, EWI, EWJ, EWM, EWW, EZA, EWY, EWP, EWT, IBB, PBE, PXJ, PHO, ROBO, IEV, XLF, VIS. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  11,523.73    
 Monthly S1  12,583.66  1,059.93   
 Weekly S2  13,110.58  526.92   
 Daily S2  13,233.12  122.54   
 Low  13,353.66  120.54   
 Open  13,373.12  19.46   Yes! The Open is close to the Low.
 Weekly S1  13,377.09  3.97   Yes! The Weekly S1 is close to the Open.
 Daily S1  13,438.36  61.27   
 61.8% Down from Intraday High  13,478.10  39.75   
 50% Down from Intraday High  13,516.54  38.44   
 38.2% Down from Intraday High  13,554.99  38.44   
 Daily Pivot  13,558.89  3.91   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Monthly Pivot  13,615.28  56.39   
 Close  13,643.59  28.31   Yes! The Close is close to the Monthly Pivot.
 High  13,679.43  35.84   
 Daily R1  13,764.13  84.70   
 Daily R2  13,884.66  120.54   
 Weekly Pivot  13,955.73  71.07   
 Weekly R1  14,222.24  266.50   
 Monthly R1  14,675.21  452.97   
 Weekly R2  14,800.88  125.67   
 Monthly R2  15,706.83  905.95   

Wednesday 4/13/22. A Look At Indicators: Bearish

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

What a difference a few days makes. I thought this week would be bullish (as of Friday). Now, it looks bearish.

Let's take a closer look, starting with the chart.

The indicator turned bearish about 10 days ago, just after the index peaked near the start of April. Since then, the index has dropped, retracing the move up from the March low.

The flag pattern I saw on Friday night turned into a down-sloping channel today. It appears the index will continue retracing but the decline should be over shortly, based on a 50% retrace. Maybe that's wishful thinking.

So expect the decline to continue for a bit more before a rebound.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 49% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 47%.
The fewest was 9% on 05/03/2021.
And the most was 54% on 03/07/2022.
Shown as a blue line on the above chart...
The 458 stocks in my database are down an average of 21% from their yearly high.
A week ago, the average was 20%.
The peak was 8% on 05/07/2021.
And the bottom was 23% on 03/14/2022.

On this chart, both lines are worse than they were a week ago. They continue a downtrend that has been is existence for about a year (beyond this chart).

However, if we look at the pattern forming, we might say there's a complex head-and-shoulders bottom forming. I'd draw it but I'm about to be clobbered by storms. Quickly, the left shoulder is the valley in January, right shoulder is the current drop, with a dual head in Feb and March.

If that pattern behaves like it should, we'll see the index move higher. However, the chart pattern hasn't confirmed yet, so it's just squiggles on the chart. We'll have to wait and see if it plays out as I hope it will.

$ $ $

Here's a symbol list of 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AES, ATSG, AMWD, ABC, AMGN, ANTM, AON, AAPL, AMAT, AGO, ATO, ADSK, AXS, BIG, EPAY, CENX, CHS, CIEN, CNA, CGNX, CONN, CLR, COTY, DFS, DTE, EXP, EBAY, EQT, EVH, EZPW, FICO, FAST, FDX, FLEX, GS, GOOGL, GPRO, EVRG, HBI, HAYN, HL, HP, IDXX, ILMN, INFN, IPG, ISRG, JKHY, KFRC, LH, LRCX, LAMR, LDOS, MAN, MRO, MRTN, MLM, MA, MDC, MRK, MGEE, MSFT, MCO, MUR, MYGN, NBR, NJR, NWL, NI, JWN, OXY, OUT, PAYX, PYPL, PETS, PFE, REV, RNG, RCKY, SAIA, SMG, SEIC, SIGI, LUV, SCS, SNPS, TGT, TPX, TDC, TMO, RIG, TZOO, UPS, VEEV, VRSN, V, WAT, WEX, IAI, IEZ, FDN, BOTZ, IYH, IAT, IGE, IHI, EWO, EWZ, ECH, EWG, EWH, EWJ, EWW, EWP, THD, TUR, IBB, DBA, PBE, PXJ, PJP, PHO, ILF, VIS. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 4/12/22. Slider Trading Quiz! Nationwide Financial Services: NFS

The index dropped by -1.2% or -413.04 points. Since 10/01/1928 the index made 273 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 124 occasions.
     Average loss was -0.9% on 149 occasions.
Expect the index to close lower 54.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 243/433 or 56.1% of the time.
     The prediction of the index closing lower has been right 45/94 or 47.9% of the time.

$ $ $

I show another slider trading quiz featuring Nationwide Financial Services: NFS stock.

$ $ $

Here's a symbol list of 148 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADBE, AMD, ATSG, ALL, AYX, AMZN, ABC, AMGN, ANTM, AAPL, AMAT, ATR, ADM, AGO, ATO, BKH, EPAY, BFH, BBW, BG, CDNS, CPB, CX, CNC, CENX, CRL, CHS, CHD, CIEN, CINF, CLX, CMCO, CTS, ^DJU, DTE, BOOM, EIX, EOG, EQT, EL, RE, EZPW, FFIV, FICO, FMC, GOOGL, GPRO, EVRG, HBI, HLIT, HE, INFN, INTC, IPI, ISRG, JNJ, KELYA, KLAC, LHX, LRCX, MANH, MRK, MGEE, MSFT, ^IXIC, NFLX, NJR, NEE, NKE, NVDA, OUT, PAYX, PETS, PFE, PPG, PFG, PEG, PHM, KWR, RMBS, RHI, ROG, ROST, ^GSPC, SLB, SIGI, SRE, SMTC, SKX, SO, SRDX, TJX, VC, WOLF, WWW, WDAY, XEL, ITB, FTEC, QTEC, FXI, BOTZ, IYH, IHF, IGV, SOXX, IEO, EWK, EEM, EWG, EIS, EWJ, EPP, EWS, EWP, EWL, EWT, TUR, QLD, PJP, QQQ, ROBO, IXC, IXN, SSO, XLP, SPY, XLK, UNG, SMH, MGK. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, 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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  31,292.83    
 Monthly S1  32,800.45  1,507.63   
 Weekly S2  33,615.82  815.37   
 Weekly S1  33,961.95  346.13   
 Daily S2  33,998.19  36.24   Yes! The Daily S2 is close to the Weekly S1.
 Monthly Pivot  34,086.36  88.17   
 Daily S1  34,153.13  66.78   
 Low  34,272.29  119.16   
 Close  34,308.08  35.79   Yes! The Close is close to the Low.
 Daily Pivot  34,427.24  119.16   
 61.8% Down from Intraday High  34,436.19  8.95   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High  34,486.82  50.63   
 Weekly Pivot  34,537.08  50.26   
 38.2% Down from Intraday High  34,537.44  0.36   Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot.
 Daily R1  34,582.18  44.74   
 Open  34,630.27  48.09   
 High  34,701.34  71.07   
 Daily R2  34,856.29  154.95   
 Weekly R1  34,883.21  26.93   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  35,458.34  575.13   
 Monthly R1  35,593.98  135.64   
 Monthly R2  36,879.89  1,285.90   

Monday 4/11/22. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

I show the Dow industrials on the daily scale.

I drew the red trendlines first. Why? Because I like to define the boundaries of price movement. They show where the index punctured the trendline and might suggest a trend change.

After that, I looked for recent price trends. That hunt found a flag pattern, which I show outlined in blue (A).

The flag pattern suggests an upward breakout. If that happens, and I expect it will, it will be a bullish move. So this week, I'm looking for the index to rise.

If an upward breakout from the flag happens, the index could reach 37,500. I get that by eyeballing the chart and the height of the flag pole (from 33,000 to 35,500), added to the top of the flag (the breakout price, about 33,000).

The move would reach the top of the chart, but it'll take longer than a week to get there.


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A Brief Look Back

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 103.61 points.
Tuesday: Down 280.7 points.
Wednesday: Down 144.67 points.
Thursday: Up 87.06 points.
Friday: Up 137.55 points.

For the Week...

The Dow industrials were down 97.15 points or 0.3%.
The Nasdaq composite was down 550.5 points or 3.9%.
The S&P 500 index was down 57.58 points or 1.3%.

Year to Date...

Dow Industrials
     6.0% down from the high of 36,952.65 on 01/05/2022.
     7.6% up from the low of 32,272.64 on 02/24/2022.
Nasdaq
     13.5% down from the high of 15,852.14 on 01/04/2022.
     9.2% up from the low of 12,555.35 on 03/14/2022.
S&P 500
     6.9% down from the high of 4,818.62 on 01/04/2022.
     9.1% up from the low of 4,114.65 on 02/24/2022.

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

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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  34,262  34,491  34,700  34,930  35,138 
Weekly  33,754  34,237  34,675  35,159  35,596 
Monthly  31,431  33,076  34,224  35,869  37,018 
S&P500 (^GSPC): Daily  4,449  4,468  4,494  4,514  4,540 
Weekly  4,367  4,428  4,511  4,571  4,654 
Monthly  3,948  4,218  4,428  4,698  4,907 
Nasdaq (^IXIC): Daily  13,585  13,648  13,757  13,820  13,929 
Weekly  13,133  13,422  13,978  14,267  14,823 
Monthly  11,546  12,629  13,638  14,720  15,729 

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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Earnings, Chart Patterns & Industries

Earnings season will be starting in about 5 days.

Here's a symbol list of 97 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, ADTN, ATSG, AMGN, ANTM, ARCB, ACGL, AVA, BCPC, EPAY, CX, CENX, CSCO, CLF, CMCO, CCRN, CSGS, CTS, CW, DDS, EMR, EPAM, EQT, EXPD, EZPW, FFIV, GILD, EVRG, HLIT, HSC, HSII, HOLX, HON, HURC, INFN, INTC, IPI, INTU, KMT, KMB, LHX, LZB, LDOS, LOW, MRTN, MGEE, NEE, JWN, OUT, PFE, PICO, PPG, PINC, PFG, PRU, KWR, RMBS, RHI, ROST, SLB, SAIC, SIGI, SMTC, SWX, SXI, SSYS, TGT, TDC, TJX, TG, VMI, VC, WMT, WMB, ITA, IYH, IHF, IEO, EWO, EWM, EWT, PPA, PXJ, PJP, XLP, XRT, XAR. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Petroleum (Integrated)2. Oilfield Svcs/Equipment
3. Oilfield Svcs/Equipment3. Petroleum (Integrated)
4. Natural Gas (Diversified)4. Natural Gas (Diversified)
5. Natural Gas (Distributor)5. Natural Gas (Distributor)
6. Electric Utility (West)6. Metals and Mining (Div.)
7. Electric Utility (Central)7. Electric Utility (West)
8. Electric Utility (East)8. Insurance (Prop/Casualty)
9. Food Processing9. Electric Utility (Central)
10. Retail Store10. Food Processing
Best Performing AboveWorst Performing Below
50. Toiletries/Cosmetics50. Biotechnology
51. Trucking/Transp. Leasing51. Computers and Peripherals
52. Retail (Special Lines)52. Apparel
53. Apparel53. Financial Services
54. Financial Services54. Medical Supplies
55. E-Commerce55. Healthcare Information
56. Short ETFs56. Retail (Special Lines)
57. Healthcare Information57. E-Commerce
58. Furn/Home Furnishings58. Homebuilding
59. Homebuilding59. Shoe
60. Shoe60. Short ETFs

-- Thomas Bulkowski

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Friday 4/8/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 145 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AMD, AJRD, ATSG, ALRM, ALB, AMZN, AEL, AMWD, AMN, ARCB, AWI, AGO, AVNT, AVA, AZTA, BZH, BMRN, BA, BFH, CBT, CAL, CX, CHKP, CIEN, CLNE, CNA, CMCO, COP, GLW, COST, DHR, ^DJI, EMN, WIRE, EQT, FFIV, FICO, GNW, GILD, GS, GOOGL, GFF, HLIT, HSIC, HNI, DHI, HOV, HURC, IDXX, IBP, INTC, IPI, NVTA, JBLU, KSS, LHX, LH, LEN, LXU, MHO, M, MRO, MCHX, MLM, MA, MDT, FB, MGEE, MS, NCR, NFLX, NTGR, NTAP, JWN, NWPX, NVDA, OMC, OUT, PANW, PATK, PPG, PHM, KWR, QCOM, DGX, RL, RMBS, RGS, RHI, RCKY, ROG, SAIA, SAIC, SMG, SIGI, LUV, SWX, SSYS, SUM, SRDX, TPR, TECH, TOL, RIG, SLCA, V, VC, VMC, WLK, WEX, WMB, WOLF, WWW, IAI, ITB, FXI, BOTZ, IHF, IAT, IYZ, IYF, EWK, EEM, EWG, EWH, EIS, EWS, EWY, EWT, TUR, PPA, PEJ, XLF. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

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

The following patterns were found manually, not 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.

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.

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ABTTriangle, symmetrical      03/21/202204/06/2022Medical Supplies
AMDPipe top      01/31/202202/07/2022Semiconductor
APDDiamond top      03/29/202204/07/2022Chemical (Diversified)
ATSGPipe top      03/21/202203/28/2022Air Transport
AAThree Rising Valleys      12/03/202103/15/2022Aerospace/Defense
AMGNUgly double bottom      02/24/202203/10/2022Biotechnology
APHTriple bottom      02/24/202203/14/2022Electronics
AONThree Rising Valleys      01/28/202203/08/2022Insurance (Diversified)
APOGDouble Top, Eve and Eve      03/18/202203/29/2022Building Materials
AMATPipe bottom      03/07/202203/14/2022Semiconductor Cap Equip.
AWITriangle, symmetrical      03/22/202204/07/2022Building Materials
ASHFlag      03/31/202204/07/2022Chemical (Basic)
AZTAUgly double bottom      03/15/202203/24/2022Semiconductor Cap Equip.
BMIPipe bottom      03/07/202203/14/2022Precision Instrument
BECNTriple top      03/16/202203/29/2022Retail Building Supply
BERYDouble Top, Eve and Adam      03/22/202203/29/2022Packaging and Container
BBYPipe top      02/28/202203/07/2022Retail (Special Lines)
BIGDouble Bottom, Adam and Adam      02/24/202203/14/2022Retail Store
BMRNThree Rising Valleys      02/24/202203/15/2022Biotechnology
BKHTriangle, symmetrical      03/07/202203/23/2022Electric Utility (West)
BRCPipe bottom      03/07/202203/14/2022Chemical (Diversified)
BLDRDouble Top, Eve and Eve      03/03/202203/18/2022Retail Building Supply
BGThree Rising Valleys      01/24/202203/16/2022Food Processing
CDNSPipe bottom      03/07/202203/14/2022Computer Software and Svcs
CFThree Rising Valleys      12/01/202102/15/2022Chemical (Basic)
CVXTriangle, symmetrical      03/10/202204/07/2022Petroleum (Integrated)
CLNETriangle, symmetrical      03/11/202203/29/2022Natural Gas (Distributor)
CMCOPipe top      03/21/202203/28/2022Machinery
COPPipe top      03/21/202203/28/2022Petroleum (Integrated)
GLWScallop, descending and inverted      03/14/202204/07/2022Telecom. Equipment
CRHPipe top      03/14/202203/21/2022Cement and Aggregates
CROXDouble Top, Eve and Adam      03/22/202203/29/2022Shoe
DUKUgly double bottom      02/24/202203/16/2022Electric Utility (East)
EXPFalling wedge      02/24/202203/31/2022Cement and Aggregates
EBAYDouble Bottom, Adam and Adam      02/24/202203/14/2022Internet
WIREPipe top      03/14/202203/21/2022Metals and Mining (Div.)
EFXDouble Top, Eve and Eve      03/18/202203/29/2022Information Services
EXCUgly double bottom      02/24/202203/16/2022Electric Utility (East)
EXPDDouble Top, Eve and Adam      03/21/202203/29/2022Air Transport
EZPWUgly double bottom      03/08/202204/04/2022Financial Services
FFIVBig W      01/26/202203/14/2022Internet
FEUgly double bottom      02/24/202203/18/2022Electric Utility (East)
FMCThree Rising Valleys      12/20/202102/24/2022Chemical (Basic)
FORMPipe bottom      03/07/202203/14/2022Semiconductor
FTNTPipe bottom      03/07/202203/14/2022Computer Software and Svcs
GPROPipe bottom      03/07/202203/14/2022Electronics
GESPipe bottom      03/07/202203/14/2022Apparel
HBITriangle, symmetrical      02/24/202203/31/2022Apparel
HLITTriangle, symmetrical      02/16/202203/15/2022Telecom. Equipment
HSICBroadening top      03/21/202204/07/2022Medical Supplies
HDPipe top      03/14/202203/21/2022Retail Building Supply
HUBGTriple top      01/03/202203/03/2022Trucking/Transp. Leasing
IDXXPipe bottom      03/07/202203/14/2022Drug
ITWHead-and-shoulders bottom      02/24/202203/24/2022Metal Fabricating
ILMNPipe bottom      03/07/202203/14/2022Biotechnology
INTUUgly double bottom      03/14/202203/25/2022Computer Software and Svcs
KLACDouble Bottom, Adam and Eve      03/08/202203/14/2022Semiconductor Cap Equip.
LRCXPipe bottom      03/07/202203/14/2022Semiconductor Cap Equip.
LAWSBroadening bottom      03/14/202204/06/2022Metal Fabricating
MTSIPipe bottom      03/07/202203/14/2022Semiconductor
MANUgly double bottom      03/08/202203/24/2022Human Resources
MCHXPipe bottom      07/27/202008/03/2020Advertising
MTRNDouble Top, Adam and Adam      03/22/202204/05/2022Metals and Mining (Div.)
MCOPipe bottom      03/07/202203/14/2022Information Services
MLIPipe top      03/14/202203/21/2022Metal Fabricating
NFGUgly double bottom      02/24/202203/14/2022Natural Gas (Diversified)
NJRScallop, ascending      03/08/202204/01/2022Natural Gas (Distributor)
NKEDouble Top, Adam and Eve      03/22/202203/30/2022Shoe
OGEUgly double bottom      02/24/202203/16/2022Electric Utility (Central)
PKGDouble Top, Eve and Adam      03/21/202203/30/2022Packaging and Container
PNWUgly double bottom      02/24/202203/16/2022Electric Utility (West)
PORUgly double bottom      02/24/202203/18/2022Electric Utility (West)
PPGUgly double bottom      03/08/202203/28/2022Chemical (Diversified)
PGPipe bottom      03/07/202203/14/2022Household Products
PEGUgly double bottom      02/24/202203/10/2022Electric Utility (East)
KWRPipe bottom      03/07/202203/14/2022Chemical (Specialty)
DGXDouble Top, Eve and Adam      03/18/202203/29/2022Medical Services
RLDouble Top, Adam and Adam      03/18/202203/29/2022Apparel
RMBSPipe top      03/21/202203/28/2022Semiconductor Cap Equip.
RLIUgly double bottom      02/24/202203/24/2022Insurance (Prop/Casualty)
RHIDouble Top, Adam and Adam      03/21/202203/29/2022Human Resources
ROKDouble Bottom, Adam and Adam      02/24/202203/14/2022Diversified Co.
ROSTPipe bottom      03/07/202203/14/2022Retail (Special Lines)
SAIADouble Top, Eve and Adam      03/02/202203/18/2022Trucking/Transp. Leasing
CRMTriple top      03/22/202204/04/2022E-Commerce
SAICUgly double bottom      02/24/202203/16/2022IT Services
SMGDouble Top, Eve and Eve      03/21/202203/29/2022Chemical (Basic)
SEERoof, inverted      12/29/202104/07/2022Packaging and Container
SHWPipe bottom      03/07/202203/14/2022Chemical (Basic)
SLGNTriple bottom      12/20/202102/24/2022Packaging and Container
SKXPipe bottom      03/07/202203/14/2022Shoe
SOTriangle, symmetrical      03/07/202203/23/2022Electric Utility (East)
SCCODouble Top, Adam and Adam      03/22/202204/04/2022Metals and Mining (Div.)
SSYSTriple bottom      02/24/202203/15/2022Electronics
SRDXDouble Bottom, Adam and Adam      03/14/202203/24/2022Medical Supplies
TECHUgly double bottom      01/24/202202/24/2022Biotechnology
TDOCPipe bottom      03/07/202203/14/2022Healthcare Information
TPXPipe top      03/14/202203/21/2022Furn/Home Furnishings
TXTDouble Top, Eve and Eve      03/21/202203/30/2022Diversified Co.
TOLTriangle, symmetrical      02/09/202203/30/2022Homebuilding
UGIPipe bottom      03/07/202203/14/2022Natural Gas (Distributor)
UPSDouble Top, Adam and Adam      03/17/202203/29/2022Air Transport
VFCUgly double bottom      03/08/202203/23/2022Apparel
VMITriple top      03/22/202204/04/2022Metal Fabricating
VEEVPipe bottom      03/07/202203/14/2022Healthcare Information
VRSNPipe bottom      03/07/202203/14/2022Internet
WMTUgly double bottom      02/24/202203/23/2022Retail Store
WSODouble Top, Adam and Adam      03/21/202203/31/2022Retail Building Supply
WSMPipe top      03/14/202203/21/2022Retail (Special Lines)
WOLFPipe bottom      03/07/202203/14/2022Semiconductor
XELUgly double bottom      02/24/202203/16/2022Electric Utility (West)

 

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Thursday 4/7/22. Intraday Market Direction: Nasdaq

The index dropped by -2.2% or -315.35 points. Since 02/05/1971 the index made 53 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.5% on 24 occasions.
     Average loss was -1.7% on 29 occasions.
Expect the index to close lower 54.7% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 236/416 or 56.7% of the time.
     The prediction of the index closing lower has been right 62/130 or 47.7% 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 blue lines highlight a chart pattern called a symmetrical triangle. The index remains within the two blue lines...until it doesn't. When it breaks through, that's the breakout. We see the index near the bottom blue line (B) before it gapped lower in a breakout.

The red pattern is a diamond bottom. A well-behaved diamond would see price rise back up to A, reaching the bottom of the triangle (if you were to extend the blue line).

Of course, that might not happen. We could see a partial retrace before the index plummets again.

$ $ $

Here's a symbol list of 184 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, AEIS, AMD, AES, ATSG, ALKS, AMED, AEP, AEL, AMGN, APH, AON, AMAT, ARCB, AWI, ARW, ASH, AVNT, BSET, BAX, BZH, BIG, BIO, BMRN, BA, BKNG, BAH, BFH, BLDR, CBT, CACI, CDNS, CE, CLS, CX, CVX, CNA, CGNX, CMCO, GLW, COTY, CRH, CSGS, CTS, DDS, ^DJT, BOOM, EMN, WIRE, EFX, EL, EXC, EZPW, FICO, FDX, FE, FLEX, FORM, GPS, GE, GPN, GL, GS, GFF, HLIT, HL, HELE, HNI, DHI, HOV, IEX, ILMN, INCY, INFN, IBP, IIIN, INTC, IPAR, IBKR, IPG, IPI, IVC, JBLU, KBH, KSS, LHX, LEN, MHO, MTSI, MLM, MDC, MGEE, MLKN, MS, NCR, NTGR, NTAP, NWL, NXGN, NKE, NWPX, NVDA, OMC, ASGN, PDCO, PAYX, PRFT, PETS, PHM, QCOM, RL, RMBS, REV, RHI, ROK, RCKY, SAIA, SMG, SIGI, SMTC, NOW, SHW, SUM, TPR, TDOC, TEVA, TMO, TKR, TOL, UPS, VMI, VRSN, VC, VMC, WLK, WEX, IAI, IYK, ITB, FDN, FXL, BOTZ, IHF, IAT, SOXX, IYF, IHI, EWO, EWK, EWQ, EWG, EWI, EWJ, EWM, EZA, EWT, PJP, XLF, XHB, XLI, USO, SMH, VIS. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  11,605.47    
 Monthly S1  12,747.15  1,141.67   
 Daily S2  13,659.58  912.43   
 Weekly S2  13,666.79  7.21   Yes! The Weekly S2 is close to the Daily S2.
 Monthly Pivot  13,697.02  30.23   
 Daily S1  13,774.20  77.18   
 Weekly S1  13,777.81  3.61   Yes! The Weekly S1 is close to the Daily S1.
 Low  13,788.90  11.09   Yes! The Low is close to the Weekly S1.
 61.8% Down from Intraday High  13,882.08  93.18   
 Close  13,888.82  6.74   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  13,903.52  14.70   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  13,910.87  7.35   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  13,939.66  28.79   
 Open  14,002.58  62.92   
 Daily R1  14,018.14  15.56   Yes! The Daily R1 is close to the Open.
 High  14,032.84  14.70   Yes! The High is close to the Daily R1.
 Daily R2  14,147.46  114.62   
 Weekly Pivot  14,212.35  64.89   
 Weekly R1  14,323.37  111.01   
 Weekly R2  14,757.91  434.55   
 Monthly R1  14,838.70  80.78   
 Monthly R2  15,788.57  949.88   

Wednesday 4/6/22. A Look At Indicators

Picture of the chart pattern indicator

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

The CPI issued a bearish signal yesterday (Monday). That's about a week after a minor high happened.

An upward move began near mid March and peaked at the start of April. From there, it has retraced and the red bar appeared (far right of the chart).

Notice the CPI line near the bottom of the chart. It started heading lower even as the index climbed. That bearish divergence signaled a possible trend change which we may be seeing now.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 47% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 36%.
The fewest was 9% on 05/03/2021.
And the most was 54% on 03/07/2022.
Shown as a blue line on the above chart...
The 458 stocks in my database are down an average of 20% from their yearly high.
A week ago, the average was 17%.
The peak was 8% on 05/07/2021.
And the bottom was 23% on 03/14/2022.

Both the blue and red lines have turned down and the above numbers confirm this (as compared to a week ago).

As I've mentioned for months now, the two lines have trended lower since the left side of the chart.

Taken together, the two charts are bearish, so it looks to me as if the index will retrace the recent gains (say, about half of those gain since the mid-March low).

$ $ $

Here's a symbol list of 127 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ADBE, AEIS, AES, ATSG, ALB, AEO, AEP, AEL, AMGN, AMN, APH, ANIK, ARCB, AWI, AVA, BCPC, BSET, BZH, BRC, BFH, BMY, CBT, CDNS, CF, CHS, CNA, CGNX, CMCO, COTY, CRH, CCRN, CSGS, DDS, D, DOV, BOOM, EIX, FICO, FAST, FDX, FIS, FE, GIS, GILD, GPN, GL, GGG, HSC, HQY, HL, HSY, HNI, ILMN, IIIN, ITGR, INTC, IPAR, TILE, ISRG, IVC, KBH, KMT, KSS, LHX, LOW, LXU, MHO, MANH, MRTN, MTRX, MDC, MGEE, MLKN, MLI, JWN, NWPX, ASGN, OUT, PAYX, PRFT, PETS, PHM, QCOM, RMBS, RGS, REV, RNG, RCKY, SIGI, LUV, SWX, SCS, SUM, TGT, TDOC, TXN, TOL, UPS, VEEV, VRSN, VC, ZBRA, IEZ, FDN, FXL, BOTZ, EWO, EWK, EWC, EWG, EWJ, PEJ, PJP, GLD, UNG, USO. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

-- Thomas Bulkowski

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Tuesday 4/5/22. Slider Trading Quiz! Merck (MRK)

The index climbed by 0.3% or 103.61 points. Since 10/01/1928 the index made 1128 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 622 occasions.
     Average loss was -0.6% on 506 occasions.
Expect the index to close higher 55.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 243/432 or 56.3% of the time.
     The prediction of the index closing lower has been right 45/94 or 47.9% of the time.

$ $ $

I show another slider trading quiz featuring Merck: MRK stock.

$ $ $

Here's a symbol list of 76 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEL, AMGN, AMN, ANIK, ADM, AIZ, BRC, BG, CALM, CENX, CHKP, CHS, CNA, CMTL, CRH, CCRN, DVN, WIRE, EXC, EZPW, FDX, FISV, GL, HBI, HL, IBP, IIIN, ITGR, TILE, ISRG, JBLU, JNJ, KBAL, LZB, LH, LXU, MTRN, NFG, NTGR, NEU, JWN, OMCL, ASGN, OTEX, PKE, PETS, RES, SAIC, SIGI, LUV, SWX, SCS, TPR, TPX, TXN, VRSN, VC, WSM, IAI, IEZ, FXL, IYH, EWK, EWZ, EEM, TUR, IBB, PBE, PXJ, ROBO, UNG. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Dow industrials, 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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  31,497.43    
 Monthly S1  33,209.65  1,712.23   
 Weekly S2  34,110.12  900.47   
 Monthly Pivot  34,290.96  180.84   
 Daily S2  34,500.61  209.66   
 Weekly S1  34,516.00  15.39   Yes! The Weekly S1 is close to the Daily S2.
 Low  34,615.38  99.38   
 Daily S1  34,711.25  95.87   
 61.8% Down from Intraday High  34,739.68  28.44   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  34,778.08  38.39   
 Open  34,799.98  21.90   Yes! The Open is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  34,816.48  16.50   Yes! The 38.2% Down from Intraday High is close to the Open.
 Daily Pivot  34,826.01  9.54   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  34,921.88  95.87   
 High  34,940.78  18.90   Yes! The High is close to the Close.
 Weekly Pivot  34,944.13  3.35   Yes! The Weekly Pivot is close to the High.
 Daily R1  35,036.65  92.52   
 Daily R2  35,151.41  114.77   
 Weekly R1  35,350.01  198.60   
 Weekly R2  35,778.14  428.13   
 Monthly R1  36,003.18  225.04   
 Monthly R2  37,084.49  1,081.30   

Monday 4/4/22. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transports on the daily scale.

I show the Dow transports on the daily scale.

At AB we see a potential double bottom never confirmed as valid. That means the index didn't close above the horizontal red line, C.

After the potential double bottom, a head-and-shoulders bottom appears. I show that as LS (left shoulder), head, and right shoulder (RS).

What happens now? At D, we see the index throwing back to the breakout price. That happens at D.

It the head-and-shoulders bottom performs as the average HSB, it suggests price will rise 75% of the time after the throwback. So that's what I see happening.


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A Brief Look Back

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 94.65 points.
Tuesday: Up 338.3 points.
Wednesday: Down 65.38 points.
Thursday: Down 550.46 points.
Friday: Up 139.92 points.

For the Week...

The Dow industrials were down 42.97 points or 0.1%.
The Nasdaq composite was up 92.2 points or 0.7%.
The S&P 500 index was up 2.8 points or 0.1%.

Year to Date...

Dow Industrials
     5.8% down from the high of 36,952.65 on 01/05/2022.
     7.9% up from the low of 32,272.64 on 02/24/2022.
Nasdaq
     10.0% down from the high of 15,852.14 on 01/04/2022.
     13.6% up from the low of 12,555.35 on 03/14/2022.
S&P 500
     5.7% down from the high of 4,818.62 on 01/04/2022.
     10.5% up from the low of 4,114.65 on 02/24/2022.

Options Expiration

No options expire this week.

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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  34,425  34,622  34,735  34,931  35,044 
Weekly  34,076  34,447  34,910  35,281  35,744 
Monthly  31,463  33,141  34,256  35,934  37,050 
S&P500 (^GSPC): Daily  4,493  4,519  4,534  4,561  4,575 
Weekly  4,434  4,490  4,564  4,620  4,693 
Monthly  3,968  4,257  4,447  4,736  4,926 
Nasdaq (^IXIC): Daily  14,058  14,160  14,233  14,335  14,409 
Weekly  13,791  14,026  14,337  14,572  14,882 
Monthly  11,730  12,996  13,821  15,087  15,913 

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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Earnings, Chart Patterns & Industries

Earnings season will be starting in about 12 days.

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADTN, AMD, ALRM, AEP, AEL, ARCB, AVNT, AVA, BBY, BIG, BKH, BA, BAH, CVX, CMCO, CMTL, CRH, DVN, D, DTE, WIRE, EPAM, XOM, FDS, FICO, FE, FRD, GPS, GD, GGG, GFF, HBI, HAYN, HSIC, HOV, HUBG, IDA, IDXX, NSP, ITGR, IPAR, IBKR, TILE, IVC, JBLU, KSS, LANC, LDOS, LOW, MU, NJR, NEU, NEE, NXGN, NOC, OMI, POR, PPG, PHM, KWR, RGS, RCKY, RES, SLB, SEE, SIGI, SWX, TPR, TGT, TPX, TEVA, TXN, TKR, TJX, VEEV, VRSN, VC, WSM, IYE, FXI, IGE, IEO, EWO, EWK, EWZ, EEM, EWQ, EWG, EWH, EIS, EWM, EPP, EWP, EWD, EWT, DBA, IEV, IXC, ILF, XLE, XLU. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

The below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Oilfield Svcs/Equipment2. Oilfield Svcs/Equipment
3. Petroleum (Integrated)3. Petroleum (Integrated)
4. Natural Gas (Diversified)4. Natural Gas (Diversified)
5. Natural Gas (Distributor)5. Natural Gas (Distributor)
6. Metals and Mining (Div.)6. Metals and Mining (Div.)
7. Electric Utility (West)7. Insurance (Prop/Casualty)
8. Insurance (Prop/Casualty)8. Aerospace/Defense
9. Electric Utility (Central)9. Food Processing
10. Food Processing10. Electric Utility (West)
Best Performing AboveWorst Performing Below
50. Biotechnology50. Computers and Peripherals
51. Computers and Peripherals51. Computer Software and Svcs
52. Apparel52. Financial Services
53. Financial Services53. Biotechnology
54. Medical Supplies54. Medical Supplies
55. Healthcare Information55. E-Commerce
56. Retail (Special Lines)56. Retail (Special Lines)
57. E-Commerce57. Homebuilding
58. Homebuilding58. Healthcare Information
59. Shoe59. Short ETFs
60. Short ETFs60. Shoe

-- Thomas Bulkowski

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Friday 4/1/22. 2022 Forecast Update

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Here's a symbol list of 104 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AKAM, ALL, AEO, AEP, AMGN, ACGL, AVNT, BCPC, BLL, BECN, BZH, BIIB, BA, CBT, CE, CF, CINF, CTXS, CNA, CMCO, CMTL, CRH, CCK, DVN, DFS, ^DJT, D, DRQ, EXP, WIRE, RE, EXC, FFIV, FDS, FE, FRD, EVRG, GFF, HE, HTLD, HOV, INTC, ISRG, JNJ, KSS, LZB, LEG, LOW, MHO, MSFT, MLI, NTAP, NWL, NXGN, NI, NWPX, ORI, OMI, OXM, PKE, PATK, PYPL, POR, PINC, PHM, RGS, RCKY, RES, SIGI, SO, LUV, SRDX, TPX, TEVA, TXN, TJX, TOL, TSCO, TRV, TG, UGI, VEEV, VMC, WSM, IYK, THD, TUR, DBA, PJP, UNG. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

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Here's the updated 2022 forecast, presented in slider format.

Based on sector performance from Fidelity, the best performing sectors for year-to-date performance as of 30 March 2022 were... (The numbering is how they ranked a month ago.)

1. Energy (+57%)
2. Real estate (23%)
6. Information technology (22%)
5. Health care (18%)
7. Utilities (16%)
4. Financials (15%)
10. Consumer discretionary (13%)
3. Consumer staples (12%)
8. Materials (12%)
9. Industrials (6%)
11. Communication services (0.6%)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 3/26/22.

1. Information technology (IT)
2. Health care
3. Consumer discretionary
4. Financials
5. Communication services
6. Industrials
7. Consumer staples
8. Energy
11. Utilities
9. Real estate
10. Materials

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 3/30. The numbering is how they ranked a month ago.

New. Automobiles (+64%)
5. Energy equipment and services (+63%)
9. Construction and engineering (+57%)
1. Oil, gas and consumable fuels (+56%)
3. Metals and mining (52%)
6. Technology hardware, storage, and peripherals (45%)
8. Diversified financial services (+38%)
4. Health care technology (29%)
2. Health care providers and services (+29%)
New. Food and staples retailing (28%)

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My novels:  Bedroom to Boardroom book Remember Me book Bumper's Story book Head's Law book
My stock market books:  Chart Patterns: After the Buy Getting Started in Chart Patterns 2nd edition book Trading Basics book Fundamental Analysis and Position Trading book Swing and Day Trading book Encyclopedia of chart patterns book Encyclopedia of Chart Patterns 3rd Edition book Trading classic chart patterns book

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