As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%	Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

As of 04/26/2024   Indus: 38,240 +153.86 +0.4%     Trans: 15,171 -126.01 -0.8%     Utils: 884 -10.33 -1.2%     Nasdaq: 15,928 +316.14 +2.0%     S&P 500: 5,100 +51.54 +1.0%	YTD  +1.5%   -4.6%    +0.3%    +6.1%    +6.9%
Targets    Overview: 04/12/2024     39,800 or 37,150 by 05/01/2024   16,200 or 15,000 by 05/01/2024   885 or 850 by 05/01/2024   16,700 or 15,800 by 05/01/2024   5,250 or 5,025 by 05/01/2024
Chart Pattern Indicator: on 4/1/24

Thursday 8/31/23. Bitcoin (BTC-USD) Review

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

$ $ $

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

I connected trends with red lines just to see what they showed.

At A, we see a falling wedge. It breaks out upward, as is usual for the pattern. I took some liberties drawing the bottom line at B by cutting through price and making the line look horizontal. The pattern forms a right-angled and ascending broadening formation.

At C, we see the currency taking a massive drop with a recovery (retrace) at D.

My expectation is that you'll see the currency drop back down from here for a while. In other words, I think the retrace of C is over.

$ $ $

Here's a symbol list of 164 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AMD, AYX, AMED, AME, APH, ATR, ADSK, AVY, AVNT, AZTA, BKH, BRKR, CAL, CE, CRL, CTAS, CLNE, CTSH, CMCO, CR, CCRN, DVN, FANG, DOV, BOOM, EXP, EFX, FDS, FARO, FAST, FDX, FIS, FIVN, FORM, FTNT, FTV, FWRD, GIS, GFS, GMS, HIG, HTLD, HP, HOV, HUM, HUN, HURC, INFN, IBP, PODD, IBKR, ISRG, IRM, KBH, KEYS, KLAC, KLIC, LRCX, LDOS, LEN, LLY, LOW, MTSI, MAS, MA, MTRX, MDC, META, MSFT, MCO, NBR, NFLX, NWL, NEE, NXGN, ON, OUT, PANW, PDCO, PTEN, PCTY, PYPL, PXD, PPG, RHI, RCKY, RGLD, SAND, SCHW, SMG, SEE, SIGI, SHOP, SR, SUM, SRDX, SNPS, TRGP, TDOC, TTD, TJX, TOL, TG, TWLO, SLCA, UNM, VECO, V, WRB, WEX, WPM, WDAY, ZBRA, IYE, IHE, FXI, QQQ, IXC, MXI, SLV, IGE, IEO, IHI, EWA, EWO, EWZ, EWC, EWQ, EIS, EWW, EPP, EZA, EWU, QLD, PPA, PBE, PHO, XLY, XLF, GLD, UNG, USO, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

I updated research on the best months to buy and sell.

$ $ $

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

Wednesday 8/30/23. A Look At Indicators

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 turned from neutral to bullish with the presence of the vertical green bar on the far right of the chart. The index has begun the long-awaited recovery from the recent retrace.

Near the bottom of the chart, you can see the thin blue line poking out. It's at or near the top of the scale (100), so that's bullish.

In fact, the chart is bullish. What's the next chart say?

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).

Both the red and blue lines are up this week from a week ago. That's an improvement. I'd say these lines are bullish, too, just like the prior chart.

With both charts bullish, I expect that the uptrend will continue.

$ $ $

Here's a symbol list of 108 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, ACIW, ATVI, AME, APA, ADSK, AVY, AVNT, BMRN, BLDR, CBT, CDNS, CAL, CX, CDAY, CHD, CR, CRH, FANG, DSGR, BOOM, EXP, EMR, EFX, EQT, EVH, EZPW, FARO, FIVN, FORM, FWRD, GPS, GIS, GL, GMS, HSII, IPAR, IBKR, TILE, INTU, IRM, LHX, LH, LMT, MTSI, MGY, MTDR, META, MU, MCO, NBR, NFLX, NEE, NWPX, ON, OTEX, OUT, PCTY, PYPL, PEN, PRFT, PXD, QCOM, RRC, RGLD, SAND, SCHW, SAIC, SMG, SHOP, SPSC, TJX, TREX, UGI, UNM, VEEV, WRB, WU, WEX, WPM, WDAY, IAI, IYE, FXI, IYZ, IGV, IXC, SLV, EWO, EWK, EWZ, EWH, EWI, EPP, EZA, THD, QLD, PJP, USO. Click 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

Tuesday 8/29/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Broadening bottoms.

$ $ $

Here's a symbol list of 83 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AFL, ALRM, AFG, ACGL, AWI, AVY, BMI, BSET, BECN, BZH, BSX, BRKR, CX, CNC, CHS, CIEN, CLNE, CONN, GLW, CSGS, CW, DHR, FANG, DDS, DUK, BOOM, EMN, EIX, EME, EZPW, FICO, FIVN, FDP, FRD, GS, HSII, HNI, INFN, IIIN, NVTA, LEG, LPLA, MCHX, MKTX, MDT, MRK, MU, MOS, MLI, MUR, MYGN, NTGR, NWPX, NVDA, PXD, PGR, RGS, RHI, ROK, SLB, SKYW, TPX, TJX, TDG, TWLO, UNM, VECO, WRB, ITA, IYE, FXL, IYZ, IXC, EEM, EWY, TUR, PEJ, PJP, USO. Click 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

Monday 8/28/23. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

This is on the daily scale.

I drew two parallel red lines showing an up-sloping channel. The index is at the bottom of the channel so we can expect a rebound. I say that because the retrace from the prior upward rise, B to D, is due to happen.

However, the index could just as easily pierce the bottom channel line and continue lower. It's already poked it's tail through.

Chart pattern ABC is a confirmed double bottom. By confirmed, I mean the index has closed above C. Notice that the resulting climb to D exceeded the AC height added to C. That's the measure rule and it's a guide and not really a rule.

It allows us to assess the probabilities of the index climbing to the target (marginally below D in this case).

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.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

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.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

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 101 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ATVI, AYI, ALRM, AA, ALL, AXP, ANIK, AON, ACGL, ADP, AZTA, BZH, CAL, CNC, CNP, CI, GLW, CCK, CSGS, FANG, DDS, D, DRQ, DTE, BOOM, FARO, FMC, FCX, FRD, GFS, HE, HSIC, HUM, IDA, ITGR, INTU, KBH, KSS, LEG, LDOS, LNC, MKTX, MAS, MDC, META, MYGN, NFG, NCR, NTAP, NJR, NEU, NXGN, NTNX, NVDA, OLN, PNW, PXD, DGX, RHI, SEE, SCI, SHW, LUV, TKR, TWLO, UHAL, UNM, VECO, WRB, WERN, WPM, ITA, IYC, IYE, ITB, DDM, IAT, IEV, IXC, SLV, EWA, EWO, EWK, EWQ, EWG, EPP, EWL, TUR, XHB, XLI, XLB, XRT, UNG, USO. Click 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.

-- Thomas Bulkowski

Friday 8/25/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 180 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AYI, ADBE, AEIS, AMD, AKAM, ALRM, AMZN, AXP, AME, ANIK, AR, AMAT, ACGL, ANET, ARW, ADP, AZTA, BSET, BZH, BOOT, CAL, CDAY, CF, CRL, CHKP, CIEN, CTAS, CSCO, CGNX, CMTL, CRH, CCRN, DECK, XRAY, FANG, DDS, BOOM, EIX, EPAM, EZPW, FFIV, FICO, FAST, FTNT, FCX, GNW, GFS, GOOGL, HLIT, HSY, HOLX, JBHT, IEX, IDXX, ITGR, ISRG, NVTA, KALU, KEYS, KFRC, KMB, KLAC, KSS, KLIC, LRCX, RAMP, LXU, MHO, MANH, MCHX, MKTX, MA, MDC, META, MSFT, MYGN, ^IXIC, NXGN, NTNX, NVDA, OXY, OMCL, ASGN, ON, OTEX, ORCL, OUT, OXM, PANW, PKE, PCTY, PEN, PXD, PINC, PSTG, QCOM, RMBS, RRC, RGA, ROL, ^GSPC, SAIA, CRM, SEIC, SMTC, NOW, SLGN, SMAR, LUV, SPLK, SXI, SNPS, TDOC, TDC, TER, TXN, TTD, TJX, TWLO, VMI, VECO, VRSN, WRB, WOLF, WDAY, ZBRA, IYE, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IGV, IXC, IXN, SOXX, EWO, EWT, THD, TUR, QLD, PBE, PJP, PHO, SSO, ROBO, XLY, XRT, SPY, XAR, XLK, UNG, USO, SMH, MGK, VONG. Click 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

Thursday 8/24/23. Intraday Market Direction: Nasdaq

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

$ $ $

I show a picture of the Nasdaq composite on the 5-minute scale.

At A, a V-bottom chart pattern appears. It's nicely shaped and quite wide. What else is there to say about it?

At B, a descending triangle appears. It has a nice shape, too, and the breakout is upward in this case. The resulting rise is steep and about what one would expect from a chart pattern (meaning it met the measure rule target of the pattern's height added to the top of the pattern).

At C, I drew a thin blue line to check what overhead resistance looked like. There's not much to see because the data doesn't go back far enough. From what I can see, though, it looks to stop price from rising for another day, but rarely do things on the intraday scale work as expected.

$ $ $

Here's a symbol list of 126 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, ANIK, AR, AAPL, ARCB, AGO, ATO, AXS, BMY, CAL, CX, CNC, CF, CIEN, CLNE, ED, CAG, CRH, DECK, FANG, DDS, BOOM, EMN, EVRG, FIS, FLEX, FNV, GMS, HLIT, HE, HOLX, HUN, PODD, INTC, KALU, LZB, LRCX, LANC, L, LXU, MKTX, MRTN, MTDR, MRK, MRCY, MOS, MYGN, NFG, NFLX, NJR, NXGN, NKE, NOVT, NTNX, NVDA, OMCL, OR, PCG, PXD, PINC, PSTG, RMBS, RRC, RGS, RCKY, ROL, RGLD, RES, SAND, SEIC, SMTC, SCI, STR, SWN, SXI, TGT, TDY, TER, TXN, TTD, TMO, TWLO, UHAL, VMI, VECO, VC, WRB, WPM, WSM, IAI, IYC, IYE, QTEC, ICF, IAT, IXC, ILF, SLV, EWO, EWZ, EWH, EWJ, EWM, EPP, EWS, EWD, EWL, EWT, IBB, XLY, XRT, UNG, USO. Click 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

Wednesday 8/23/23. A Look At Indicators

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, as the chart shows, is still bearish. The red vertical bar on the far right of the chart illustrates this.

Look at the indicator line. It's hovering near the low, isn't it? It's unusual for the indicator to stay near 0 for long, so expect this retrace we've been having to end soon.

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).

Both lines are worse this week when compared to last week. By worse, I mean more bearish. However, they both follow the indices in lock-step, suggesting these two lines are worthless as indicators.

Both charts are bearish this week. The prior chart shows a minor retrace of two day's length losing steam but the bigger retrace from the July peak is near its end, I think.

The red line on this chart may find support from prior peaks or valleys but I don't know if the indicator cares about that or not. I expect not.

I'm looking for the retrace to end soon, perhaps sometime this week...

$ $ $

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: AYI, AMD, ATSG, ALK, AXP, AIG, AR, ATR, ARCB, AGO, AVY, AXS, BBY, BMRN, BG, CAL, CMCO, FANG, DDS, DRQ, BOOM, EMR, EPAM, FFIV, FORM, GME, GIS, GPRO, GES, HLIT, HIG, HL, HON, JBHT, ITGR, IBKR, NVTA, IRM, JNJ, KEYS, KMB, LZB, L, M, MCHX, MKTX, MTDR, MTRN, MRK, MU, MYGN, NBR, NFG, NXGN, NKE, JWN, NVDA, OLN, OMCL, PANW, PKE, PAYX, PXD, PRU, KWR, QCOM, RCKY, ROG, ROL, SRE, SMTC, LUV, SWN, SXI, SRDX, TGT, TDOC, TEVA, TMO, TKR, TSCO, TWLO, UPS, VFC, VECO, WRB, WERN, WU, WMB, WOLF, IAI, IYE, BOTZ, IAT, IEV, IXC, SLV, IYF, EWA, EWK, EWQ, EWG, EWH, EPP, EWS, EWY, EWP, EWL, THD, EWU, DBA, ROBO, XRT, UNG, USO. Click 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

Tuesday 8/22/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Universal American Financial: UHCO stock.

$ $ $

Here's a symbol list of 136 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ATSG, AIG, AMWD, AMGN, AMAT, ARCB, AGO, AVNT, AZTA, BCPC, BZH, BKH, BKNG, BRC, BG, CNP, CENX, CHKP, CNO, COTY, CROX, CCRN, DVN, FANG, DSGR, DRQ, BOOM, EIX, ELV, EQT, FIS, FISV, FWRD, FCX, IT, GIS, GNW, GS, HBI, HIG, HAYN, HQY, HTLD, HL, HNI, HURC, IIIN, INTC, IBKR, TILE, KBH, KLAC, KSS, KLIC, LZB, LRCX, LAMR, LEG, LEN, L, LPLA, MRO, MAS, MLKN, MOS, MYGN, NKE, OMCL, ASGN, ORCL, OR, OMI, OXM, PKG, PYPL, PXD, PINC, PFG, PRU, PHM, PSTG, QTWO, REGN, RGA, RLI, RHI, RGLD, SEE, SMTC, STR, LUV, SWX, SWN, SPSC, SCS, SUM, TPX, TDC, TOL, TSCO, TZOO, UIS, UNM, MDRX, VRTX, WRB, WMB, WSC, IAI, IYE, DDM, IAT, IXC, SLV, IYF, EWH, TUR, IBB, DBA, PBE, USO. Click 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

Monday 8/21/23. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

I show the Dow transports on the daily scale.

I circled knots that may act as support when (or if) the index reaches them.

The first one is at A. We're almost there. Maybe Monday will see the end of the retrace. That's my guess, anyway.

If that one doesn't hold, then I expect B to be the next possible turning point.

If this chart was of an individual stock, I'd be more confident in the turn prediction. However, the index is an average of stocks so it's harder to predict the turns.

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.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

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.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

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 168 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ANF, AXDX, ADBE, ALB, ALKS, AXP, AIG, AON, ATR, AGO, ATO, AXS, BZH, BKNG, BRC, BCO, CALM, CHS, COP, CRH, CCRN, DVN, FANG, DSGR, DOV, DRQ, BOOM, EXP, ECL, EIX, WIRE, EQT, EVRG, FIS, FLEX, FORM, FTV, FNV, FCX, GE, GILD, GFS, GOOGL, GFF, HIG, HSII, ITGR, TILE, JAZZ, KEYS, LZB, LAMR, LLY, LNC, MGY, MRO, MCHX, MA, MCO, NCR, NFLX, NTAP, NEWR, ORI, OMCL, ASGN, OR, OMI, PKG, PXD, PLXS, PPG, PRU, PEG, RJF, RGA, RNG, RHI, ROST, RGLD, SEE, SEIC, SMTC, LUV, SWX, SRDX, TRGP, TDY, TDC, TEVA, SLCA, UIS, UNM, VMC, WRB, WSO, WERN, WU, WSM, WOLF, ZBRA, IAI, IYC, IYE, IHE, DDM, FTEC, FXL, FXI, IAT, IEV, IXC, MXI, IXN, IYF, EWO, EWK, EWC, EEM, EWQ, EWH, EIS, EWW, EWS, EZA, EWP, EWD, EWL, EWU, QLD, PBE, SSO, XLI, XLB, XRT, UNG, USO, VONG. Click 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.

-- Thomas Bulkowski

Friday 8/18/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 166 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: A, APD, ALKS, AMED, AXP, AFG, AIG, AMN, ACGL, AGO, AXS, BALL, BZH, BERY, BBY, BIG, BKNG, BAH, BRC, BR, BRKR, CLS, CX, CNC, CRL, CI, CINF, CNA, CRH, CCK, DECK, DVN, FANG, DFS, DSGR, ^DJU, BOOM, EXP, ECL, EIX, EFX, EG, EVRG, EVH, XOM, FFIV, FLEX, FORM, FNV, GD, GL, GPRO, THG, HIG, HE, HSIC, HD, HWM, PODD, ITGR, INTC, KBH, LHX, LZB, RAMP, L, MRO, MCHX, MA, MRCY, MU, MLKN, MS, NFLX, NTGR, NEWR, NEU, NKE, OMCL, ASGN, OTEX, OR, OUT, OMI, PANW, PYPL, PCG, PXD, PRU, QTWO, KWR, RGLD, CRM, SHOP, SMAR, SWX, SWN, TECH, TRV, UHAL, UNM, VMI, VECO, WRB, WAT, WEX, WPM, WOLF, XEL, IAI, IYK, IYC, IYE, IDU, DDM, FTEC, FXL, BOTZ, IHF, IAT, IEV, IXC, IXN, IYF, EWK, ECH, EWH, EIS, EWJ, EWM, EWW, EPP, EWS, EWL, THD, EWU, SSO, ROBO, XLF, XLI, XLB, XRT, XAR, XLU, USO, VHT, VONG. Click 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

Thursday 8/17/23. Intraday Market Direction: Nasdaq

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

$ $ $

I show a picture of Ethereum (ETH-USD) on the daily scale scale.

The blue lines show a broadening bottom chart pattern. It broke out downward and the cryptocurrency dropped to A (after completing a nice partial rise).

AB is another chart pattern that I call an ugly double bottom. It's a double bottom except the second bottom is above the first so the two are not at equal prices (as they are in a traditional double bottom).

It confirms at C when the coin closes above the top of the pattern.

More recently, the currency has slid lower. I don't see anything that would change the trajectory. However, there's support located just below the bottom of letter B in mid May to early June, setup by valleys near the same price (pink line).

$ $ $

Here's a symbol list of 177 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: A, ALK, AMED, AEE, AXP, AFG, AIG, AME, AMN, ACGL, AGO, ADSK, AVNT, AXS, BALL, BAX, BECN, BERY, BIG, BA, BAH, CAL, CPB, CE, CX, CENX, CRL, CLNE, CNO, XRAY, DVN, FANG, DFS, BOOM, EMN, EBAY, EVH, EXC, FIS, FLEX, FORM, FWRD, FDP, GS, HOV, HUN, IDXX, ITW, INFN, PODD, ITGR, KBH, KLIC, LZB, RAMP, LMT, LOW, MANH, MCHX, MKTX, MRCY, MU, MLKN, MS, MYGN, NFLX, NEWR, NEU, NEE, JWN, NOC, NWPX, OMCL, ASGN, OR, PKG, PAYX, PXD, PPG, PPL, PGR, PEG, PSTG, RRC, RGS, ROK, ROST, RGLD, SBH, SLB, SCHW, SMTC, SHOP, SLGN, SO, SWN, TPR, TGT, TXT, TMO, TJX, TSCO, TZOO, UNH, UNM, VLO, WRB, WAT, WEX, WPM, WMB, WDAY, ITA, IAI, IYK, IYC, IYE, ITB, IHE, DDM, FXI, ICF, IAT, IXC, IXN, SLV, IGE, IYF, EWA, EWK, EWC, ECH, EWH, EIS, EWJ, EWM, EPP, EWS, EWY, EWP, EWL, THD, EWU, PPA, PBE, PEJ, PHO, SSO, ROBO, XLI, XLB, UNG, USO, VIS, VONG. Click 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

Wednesday 8/16/23. A Look At Indicators

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 trend of the chart is downward starting from the vertical red bar on the far right of the chart. It's bearish, in other words.

What's worse is the indicator line shown here in blue near the bottom of the chart. It's trending down, too. If what Reuters said about today's (Tuesday's) move is true (worries about rising interest rates because of strong retail sales), this will be a short move lower. So I expect a quick rebound.

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).

The more sensitive of the two lines, the red one, turned down at the start of August. It has been following the index lower. Both the red and blue lines are lower this week compared to a week ago, so that's bearish.

This chart is bearish and so is the prior one. We were overdue for a retrace and it's begun. My gut says it'll be short lived as I explained in the prior chart. So I'm expecting a nice rebound.

I guess when earnings begin to arrive, it'll give the markets more to stress about.

$ $ $

I added a minor enhancement to Patternz's Simulator Form (setup button). The simulator can stop after a percentage move, so you can practice buying-the-dip, bottom fishing, or looking for a trend change.

$ $ $

Here's a symbol list of 178 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AES, ALK, ALGT, ALL, AMED, AEE, AEP, AIG, APOG, ANET, ASH, AGO, ADSK, AVNT, BALL, BAX, BERY, BKH, BA, BRC, BFH, CPB, CE, CHS, CINF, CLNE, CLX, CNA, CNO, CMCO, ED, CMI, XRAY, FANG, DFS, DTE, DUK, BOOM, EMN, EBAY, EL, EVRG, FARO, FLEX, FORM, FWRD, FRD, GNW, GL, GS, GPRO, THG, HIG, HE, HTLD, HP, HUN, INFN, IIIN, KBH, KLIC, LHX, LZB, LMT, MANH, MAN, MCHX, MA, MRCY, MS, NBR, NFG, NJR, NEWR, NEE, NKE, NI, JWN, NOC, NVDA, ASGN, OR, PKG, PXD, POR, PPL, PG, PEG, RGLD, SAIA, SBH, SCHW, SEIC, SO, LUV, SWN, TGT, TZOO, UNH, UNM, WRB, WMT, WERN, WMB, WDAY, ITA, IAI, IYK, IYC, IYE, IDU, DDM, ICF, IAT, IEV, IXC, MXI, ILF, IYF, EWA, EWO, EWZ, EWC, EWH, EIS, EWM, EWS, EZA, EWY, EWP, THD, EWU, PPA, DBA, PBE, PEJ, PXJ, SSO, XLF, XLI, XLB, XAR, XLU, USO, VIS. Click 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

Tuesday 8/15/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring UNUM Provident: UNUM stock.

$ $ $

Here's a symbol list of 164 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AFL, ALRM, ALK, ALB, ALGT, ALL, DOX, AEE, AXP, AIG, AON, ANET, ARW, AIZ, ATO, AVNT, BMI, BALL, BAX, BKH, CAL, CX, CENX, CF, CINF, CLX, CNA, CTSH, CL, CMCO, CAG, CONN, CCK, DHR, FANG, DUK, BOOM, EMN, EPAM, EVRG, FFIV, FORM, FWRD, FDP, GIS, GGG, GES, THG, HE, HTLD, HSII, HP, HSY, HUBG, HUN, IDA, IBP, IIIN, INTC, INTU, KBH, KELYA, KMT, KLIC, LHX, LZB, LH, LEG, LMT, MRCY, MGEE, NBR, NFLX, NJR, NEWR, NOC, NWPX, OR, PEN, PFE, PXD, PG, PHM, QTWO, REGN, RGS, ROST, SBH, SCHW, SMG, SIGI, SMTC, SHOP, TECH, TDOC, TZOO, UPS, VECO, VRSN, WRB, WMT, WMB, XEL, ZBRA, ITA, IAI, IYC, IYE, IHE, FXL, IHF, IAT, IXC, MXI, IXN, ILF, SLV, IYF, EWA, EWZ, ECH, EEM, EWH, EIS, EWJ, EWM, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, DBA, PXJ, XLP, XLB, USO. Click 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

Monday 8/14/23. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

This is a chart of the Dow utilities on the daily scale.

I don't see any good patterns to highlight. I drew a line of support which I hope will stop the decline.

In the middle of the chart is another red line, one showing modest resistance/support. The bottom line appears to be supporting the index but the middle one might not work as well as expected.

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.

For the Week...

Year to Date...

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).

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.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

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 126 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AMD, APD, ALK, ALB, AA, ALL, ABC, APA, ANET, ADP, AVA, AXS, BALL, BZH, BRC, CX, CENX, CF, CSCO, CNX, CMCO, CCK, FANG, DFS, ^DJI, EPAM, FWRD, FNV, GNW, GFS, GL, HIG, HTLD, HSII, HELE, HD, HUM, IEX, IDXX, INTC, IBKR, IPI, NVTA, JAZZ, KBH, KLIC, LH, MAN, MRO, NCR, NFLX, NJR, NEWR, NXGN, NUS, OMCL, ON, OTEX, PANW, PDCO, PXD, PINC, PFG, QTWO, REGN, RGS, ROG, SBH, SAND, SLB, SEE, SIGI, SMTC, SHOP, SMAR, TDOC, TEVA, TZOO, UHAL, UIS, UPS, UNM, MDRX, WRB, WPM, ZBRA, IAI, IYE, IEZ, IHE, BOTZ, IYH, IHF, IXC, MXI, IXN, SOXX, IGE, IYF, EWO, EWH, EWM, EWY, EWD, EWL, EWT, IBB, PXJ, PJP, SSO, XLE, XLV, USO, SMH, VHT. Click 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.

-- Thomas Bulkowski

Friday 8/11/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AA, ALKS, AEL, AME, ARCB, ANET, AGO, AVA, BALL, BECN, BERY, CAL, CX, CNP, CF, CIEN, CINF, CTAS, CLX, CTSH, CL, CMCO, ED, CCK, CMI, FANG, DDS, DFS, DSGR, ^DJU, DTE, EXP, EIX, WIRE, EPAM, EL, EVRG, FAST, FIS, FORM, FWRD, GNW, GPN, GFF, HTLD, HSII, HSY, HUBG, HURC, IDXX, ILMN, INTC, TILE, INTU, JAZZ, JNJ, KBH, KLIC, LZB, LEG, RAMP, MAN, MKTX, MOS, NOV, NJR, NEWR, NEE, OMC, OR, PKE, PDCO, PXD, POR, PPL, PG, PGR, PHM, QTWO, RMBS, REGN, RGS, SBH, SIGI, SRE, SMTC, SMAR, TPR, TDOC, TPX, TJX, RIG, TZOO, UHAL, UGI, VLO, VMI, VEEV, WRB, WLK, WWW, XEL, ITA, IYE, ITB, IEZ, IDU, IYZ, IGV, IXC, IXN, EWO, EWK, EWQ, EWG, EWJ, EWM, PPA, PXJ, ROBO, XLP, XLV, XLU, USO. Click 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

Thursday 8/10/23. Intraday Market Direction: Nasdaq

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

$ $ $

I show a picture of the Nasdaq composite on the 5-minute scale.

I noticed one thing after I looked at this chart. Price tumbled.

So I drew a few trendlines that became channels, shown here as two sets of parallel red lines. The first pair is horizontal and even though price cuts through the lines, it shows a flat trend.

The second channel shows a down-sloping channel. The index has bounced off the top of the channel, suggesting a trip to the other side. It's halfway across now.

My guess? We'll see an upward rebound tomorrow (Thursday).

$ $ $

Here's a symbol list of 177 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ATVI, AMD, ATSG, AKAM, ALRM, ALKS, AYX, AMED, AXP, AME, AMN, ANIK, AR, APA, AAPL, ADM, ANET, AVNT, AZTA, BALL, BERY, BIG, BR, BLDR, CLS, CHKP, CHS, CIEN, CNA, CTSH, CMTL, GLW, CCK, DECK, FANG, EXP, EMR, WIRE, EPAM, EQT, EL, EVH, EXPI, FFIV, FIVN, FMC, FORM, FCX, GME, GS, GOOGL, HLIT, HE, HTLD, HSII, HNI, HWM, HUN, ITW, ILMN, INFN, IIIN, PODD, ITGR, INTC, INTU, NVTA, JAZZ, KLIC, LH, LRCX, RAMP, LPLA, MRO, MRCY, MU, MS, MOS, ^IXIC, NFG, NEWR, JWN, NVDA, OMCL, ON, ORCL, PAYX, PEN, PXD, PLXS, PFG, PG, QTWO, KWR, RMBS, RRC, REGN, RGS, RNG, RLI, ROST, ^GSPC, CRM, SLB, SMG, SEE, SRE, SMTC, SHOP, SMAR, SWX, SWN, SPLK, SNPS, TPR, TGT, TDOC, TDC, TJX, TDG, TRV, TZOO, TG, TWLO, UHAL, UNM, VMC, WRB, WMB, WSM, IYC, IYE, ITB, IDU, FDN, BOTZ, IYZ, IXC, SOXX, SLV, IEO, IHI, EWM, EZA, TUR, IBB, DBA, PXJ, PHO, SSO, ROBO, XLY, XLV, XRT, SPY, XLU, UNG, USO, SMH, VIS, VAW, MGK. Click 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

Wednesday 8/9/23. A Look At Indicators

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.

We are clearly in a retrace of the uptrend that began in March, or maybe May, or maybe June. Hard to tell because the retrace isn't very large yet. Often the size of the retrace is a function of the prior rise. I studied that and found...it wasn't true. Sigh. Never mind.

The CPI, with its red bar on the far right of the chart suggests the downtrend will continue. It makes me wonder what September will be like (the worst performing month of the year for the Dow industrials and S&P).

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).

Both lines (red and blue) this week are lower than they were a week ago. Unfortunately, this chart doesn't give much of a clue about anything else, at least not that I could find.

The prior chart is bearish but it wouldn't surprise me to see a snap-back rally. This chart is bearish, too.

I'd like to say that the two bearish charts suggest more of a downward move coming but a little voice inside my head says that's not going to happen this time. Maybe we'll see a big move higher instead.

$ $ $

Here's a symbol list of 187 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABT, ANF, ALRM, ALK, AYX, AXP, AMGN, AMN, AR, AON, ANET, AIZ, ATO, AVNT, BALL, BAX, BERY, BBY, BBW, CIEN, CLF, CNX, CL, CMCO, COP, CXW, GLW, CCRN, CCK, DVN, FANG, DDS, DSGR, D, EMN, EPAM, EQT, EL, EXPI, FIS, FIVN, FMC, FCX, GPS, GPN, HLIT, HE, HAYN, HTLD, HL, HSII, HSY, HUN, INFN, PODD, INTC, ISRG, JAZZ, KALU, K, KMB, KLIC, LH, LLY, RAMP, LOW, MRO, MKTX, MDT, MS, MLI, NJR, NEWR, NWL, NOVT, ORCL, PANW, PKE, PATK, PEN, PETS, PXD, PPL, PINC, PHM, QTWO, DGX, RGS, RNG, RHI, RGLD, CRM, SMG, SEE, STR, SKX, SPLK, SNPS, TGT, TDOC, TDC, TEVA, TDG, TRV, UHAL, UGI, UPS, VFC, WRB, WU, WMB, WWW, IYM, IAI, IYE, IEZ, IHE, FTEC, QTEC, FXL, FXI, BOTZ, IYH, IYZ, IGV, IXC, MXI, IXN, SOXX, SLV, IGE, IEO, IHI, EWO, EWK, EWC, EEM, EWQ, EWG, EWH, EIS, EWI, EWM, EPP, EWS, EZA, EWY, EWD, EWL, THD, IBB, DBA, PBE, PXJ, PJP, ROBO, XLE, XLV, XLB, UNG, SMH, VAW. Click 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

Tuesday 8/8/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring United Parcel Service: UPS stock.

$ $ $

Here's a symbol list of 118 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, ADTN, ALRM, ALK, AMED, AEP, AEL, AFG, AME, ANIK, AAPL, ACGL, AVNT, BAX, BZH, BIIB, BKH, BOOT, BRC, CACI, CNC, CDAY, CHKP, CHD, CI, CMCO, CROX, CW, FANG, DSGR, DOV, DRQ, EBAY, EOG, EG, FAST, FLEX, GPS, GNW, GPRO, HBI, HLIT, HL, HELE, HSIC, HSY, HUBG, HURC, IIIN, IPG, INTU, JAZZ, KFRC, LH, LOW, LXU, MHO, MRO, MKTX, MRTN, MTRX, MRK, MYGN, NEWR, NWL, NOVT, ASGN, OR, OMI, PANW, PATK, PTEN, PYPL, PCG, PXD, PFG, RGS, SCHW, SXI, TRGP, TECH, TFX, SLCA, UPS, VFC, WRB, WMT, WAT, WLK, WWW, IYM, IYK, IEZ, DDM, ICF, EWH, EIS, EWM, EWY, TUR, IBB, PXJ, PJP, UNG, VHT, VIS. Click 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

Monday 8/7/23. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

Nothing shows on the chart that's alarming. I show the S&P 500 index on the daily scale.

I drew two up-sloping trendlines along the peaks and valleys. What the resulting channel shows is that price bounces between the two lines.

Going forward, if the trend continues, you'll see the index bounce off the lower trendline at A and bounce up to B. However, given the weakness in the markets, we could see it breakout downward from the channel.

I don't think that's going to happen. Rather, I expect the retrace to finish and then a new upward move resume.

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.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

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.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

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 167 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, AEIS, AES, APD, ALRM, AA, AEP, AXP, AFG, AMN, AAPL, ACGL, ADM, ARW, ADP, AVNT, BAX, BECN, BBY, BOOT, BAH, BRC, BRKR, BBW, CBT, CNC, CHKP, CI, CMCO, ED, COP, COST, COTY, CRH, CCRN, CMI, FANG, DDS, DSGR, ^DJT, ^DJI, D, DRQ, EBAY, EOG, EXPD, FICO, FARO, FAST, FTNT, FTV, IT, GILD, GPRO, GGG, HAYN, HELE, HSY, HUBG, HUN, IIIN, ISRG, JBLU, KBH, KFRC, LAMR, LEN, LMT, LOW, MANH, MRO, MCHX, MKTX, MRK, MS, MLI, MYGN, NBR, NOV, NTAP, NEWR, NKE, NOVT, OXY, OMCL, ASGN, ORCL, OUT, OMI, PANW, PKE, PDCO, PTEN, PAYX, PCTY, PYPL, PXD, PPL, PINC, PFG, PG, PGR, QTWO, QCOM, RGA, ROP, ^GSPC, CRM, SLB, SAIC, SEIC, NOW, SKX, SPLK, SPSC, TECH, TFX, TXT, TJX, TSCO, SLCA, UNH, VMI, VEEV, VRSN, WRB, WMT, WAT, WSC, IEZ, IHE, DDM, QTEC, FXL, IYZ, IGV, IXC, IEO, IHI, EWO, EWI, EWM, EWY, TUR, DBA, PXJ, SSO, ROBO, XRT, SPY, USO, MGK, VONG. Click 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.

-- Thomas Bulkowski

Friday 8/4/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 146 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ACIW, ADTN, AMWD, AMN, APA, AAPL, ACGL, ARW, ATO, BSET, BAX, BERY, BKNG, BRKR, CNC, CDAY, CHKP, CHD, CLX, ED, COTY, CCRN, CW, FANG, DDS, DFS, EBAY, EVH, EXPI, EZPW, FFIV, FARO, FE, FORM, FWRD, GILD, GFF, GES, HQY, HL, HUM, IDA, ISRG, JKHY, JBLU, KFRC, KMB, LAMR, LANC, LOW, MTSI, MCHX, MKTX, MLM, MTRN, MDC, MRK, MCO, MUR, NOV, NCR, NEWR, NI, NOVT, OGE, ASGN, ON, OTEX, ORCL, OUT, PYPL, PEN, PETS, PXD, PFG, QCOM, RRC, REGN, ROST, RGLD, CRM, SMG, SRE, SO, LUV, TECH, TDOC, TFX, TEVA, TXT, TTD, SLCA, UIS, UNM, VMI, VECO, VEEV, V, VMC, WRB, WMB, WOLF, ITA, IYM, IYC, IEZ, IYH, ILF, SLV, IHI, EWK, EWH, EWI, EWJ, EWM, EWW, EZA, EWY, EWD, EWL, EWT, THD, DBA, PBE, PEJ, PXJ, XAR, VHT, VAW. Click 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

Thursday 8/3/23. Intraday Market Direction: Nasdaq

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

$ $ $

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

There's not much I can say about the chart because nothing really much happened.

I drew trendlines which I show in red, along price movement. What strikes me is the slope of the lines is similar.

What happens next? My guess is the coin will move higher but I can't point to any reason for that except a gut feel.

$ $ $

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, MMM, ABT, ACIW, AMD, AFL, AKAM, ALB, ALKS, AYX, DOX, ANIK, AMAT, ACGL, AWI, AGO, AVA, AXS, BCPC, BSET, BAX, BERY, BBY, BIG, BKNG, BG, CNC, CI, CLNE, CNO, CGNX, CTS, DFS, DRQ, EBAY, EME, EMR, EL, FICO, FIS, FE, FNV, FDP, GME, GILD, GFS, GL, GPRO, HLIT, HON, HWM, HUM, IDXX, ITW, IIIN, JBLU, KFRC, LANC, LOW, MRK, MGEE, MU, MSFT, MS, NCR, NJR, NEWR, NI, NOVT, NUS, OMCL, ASGN, ORCL, PKE, PXD, PFG, PG, PGR, RGS, RGA, RLI, RHI, RGLD, SMG, SEIC, SCI, SPSC, TECH, TFX, TER, TEVA, TXN, UHAL, SLCA, WRB, WSO, WMB, WWW, IAI, IYC, FXI, BOTZ, IEV, MXI, IXN, ILF, SLV, IHI, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWG, EWH, EWI, EWJ, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWT, EWU, IBB, PBE, PEJ, ROBO, XLY, GLD, UNG. Click 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

Wednesday 8/2/23. Forecast 2023 Update

Here's the updated 2023 forecast, presented in slider format.

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Here's a symbol list of 130 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AXDX, AES, ATSG, AYX, DOX, AMED, AME, AMN, ANIK, AMAT, ACGL, AWI, ARW, AVY, BAX, BMRN, BRC, BFH, BCO, BBW, CPB, CNC, CNP, CDAY, CHS, CI, CLNE, CGNX, CMCO, CONN, CXW, CR, CMI, DHR, DRQ, EBAY, EMR, EG, GPS, IT, GNW, GILD, GPRO, GFF, HLIT, HSY, HOLX, HON, HOV, HURC, ILMN, INFN, NSP, NVTA, JKHY, JBLU, KBH, K, KFRC, KLIC, LZB, LEG, LDOS, LLY, RAMP, MRK, NJR, NEWR, NEE, NXGN, OLN, ASGN, PANW, PNW, PXD, PFG, DGX, RMBS, RGS, ROK, RCKY, ROG, RGLD, SBH, SMG, SEIC, STR, TPR, TECH, TFX, TJX, TSCO, TREX, SLCA, VRSN, VC, WRB, WMB, WSM, WSC, WDAY, ZBRA, ITB, IYZ, IXN, EWK, EWJ, EWM, EWP, EWD, EWL, TUR, IBB, ROBO, GLD, XHB, UNG. Click 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

Tuesday 8/1/23. Slider Trading Quiz!

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I show another slider trading quiz featuring United Parcel Service 2: UPS stock.

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Here's a symbol list of 140 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AYI, ADBE, APD, ALL, DOX, AXP, ANIK, AR, APA, APOG, ADM, AWI, ARW, BSET, BECN, BAH, BCO, CPB, CENX, CDAY, CF, CHS, CHD, CINF, CNA, CNO, COP, CXW, CR, CTS, DHR, DVN, EOG, EXPI, XOM, FARO, FCX, FRD, GNW, GOOGL, HIG, HSY, HON, ITW, ILMN, INTC, ISRG, JBLU, K, KLAC, LHX, LEN, LLY, RAMP, LMT, MRO, MRTN, MOS, NBR, NFG, NEWR, NXGN, NKE, JWN, NOC, OXY, OMC, ON, OR, OMI, PYPL, PCG, PXD, PG, QTWO, QCOM, RL, RHI, R, SMG, SIGI, SMTC, NOW, SHW, SHOP, STR, SO, SCCO, SSYS, TDC, TER, TJX, VEEV, VRSN, VC, WRB, WSM, WOLF, WWD, WDAY, ITA, IYE, ITB, IEZ, QTEC, FXL, IEV, IGV, IXC, MXI, ILF, IGE, IEO, EWA, EWO, EWZ, EWH, EWM, EWS, THD, TUR, PPA, PXJ, XLE, XRT, XAR, USO. Click 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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