As of 08/06/2025   Indus: 44,193 +81.38 +0.2%     Trans: 15,565 +130.75 +0.8%     Utils: 1,102 -8.35 -0.8%     Nasdaq: 21,169 +252.87 +1.2%     S&P 500: 6,345 +45.87 +0.7%	YTD  +3.9%   -2.1%    +12.1%    +9.6%    +7.9%	Targets    Overview: 07/30/2025     45,300 or 43,200 by 08/15/2025   16,300 or 14,800 by 08/15/2025   1,150 or 1,050 by 08/15/2025   21,700 or 20,500 by 08/15/2025   6,500 or 6,200 by 08/15/2025
Chart Pattern Indicator: on 8/6/25

As of 08/06/2025   Indus: 44,193 +81.38 +0.2%     Trans: 15,565 +130.75 +0.8%     Utils: 1,102 -8.35 -0.8%     Nasdaq: 21,169 +252.87 +1.2%     S&P 500: 6,345 +45.87 +0.7%	YTD  +3.9%   -2.1%    +12.1%    +9.6%    +7.9%
Targets    Overview: 07/30/2025     45,300 or 43,200 by 08/15/2025   16,300 or 14,800 by 08/15/2025   1,150 or 1,050 by 08/15/2025   21,700 or 20,500 by 08/15/2025   6,500 or 6,200 by 08/15/2025
Chart Pattern Indicator: on 8/6/25

Thursday 8/7/25. Intraday Market Direction: Nasdaq

$ $ $

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

This looks like a complicated chart, but it's not. Really.

The slanted red line on the left of the chart follows an uptrend for a time (3+ days). The horizontal red line on the right supports price. Actually both red lines show support.

I drew the horizontal green line to see where overhead resistance might prevent price from rising. From a week ago Monday to Wednesday, the green line held down price.

Today (Wednesday), it looks like price is moving sideways to down. Indeed, the CPI (Chart Pattern Indicator) has turned slightly bearish with a 33 reading. That suggests the index is going down. Coupled with overhead resistance (green line), and I think a downward move is likely, but I could be wrong, of course.

In the middle bottom of the chart, AB, is a double bottom. I almost forgot about that. Price made a quick drop going into the pattern and then soared back out. You see that quick decline, quick rise pattern more in diamonds than double bottoms, so it's unusual here.

$ $ $

Here's a symbol list of 152 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADTN, AMD, A, DOX, AMED, AMWD, ANIK, AR, APA, ATR, ANET, AIZ, AVY, BAX, BMRN, BAH, BCO, BRKR, BG, CBT, CAL, CE, CENX, CF, CRL, CHD, CLF, CNX, COP, CXW, COST, CR, CCRN, CSGS, DECK, DDS, DOV, BOOM, EMR, EOG, EL, EXPI, XOM, FDX, FIS, FLS, FMC, FTV, FWRD, FRD, GPN, GOOGL, HLIT, HE, HELE, HOLX, HON, ILMN, IBP, IRM, KALU, KELYA, KMT, LHX, LRCX, LNC, RAMP, LOW, M, MGY, MAN, MKTX, MLM, MAS, MTDR, MSFT, MS, MOS, MUR, NWL, NEE, OXY, OLN, ASGN, ON, OTEX, OUT, OXM, PTEN, PCTY, PETS, POR, PPG, ROK, RGLD, SAIA, SLB, SHOP, SGI, LUV, TGT, TECH, TDOC, TXT, TKR, TDG, TREX, VLO, VRSN, WMT, WAT, WLK, WPM, WMB, WWW, IYE, FDN, ICF, IYH, IYZ, IEO, EWA, EWO, EWC, EWG, EIS, EWI, EWJ, EWM, EWW, EPP, EWS, EZA, EWP, THD, EWU, PXJ, XLE, 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.

$ $ $

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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Wednesday 8/6/25. A Look at the Chart Pattern Indicator (CPI)

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 most recent signal is neutral. That's a value between 35 and 65 with a current reading of 55.

The inset in the red square on the right shows the raw CPI without signal changes illustrated. The pattern reminds me of a symmetrical triangle as it wobbles up and down. The swings are narrower on each pass. It speaks of indecision.

Indeed, that's what neutral means. Because I'm bullish, I like to suggest the markets will rise, but with Trump and his tariff wars, there's no telling what is going to happen.

$ $ $

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: ACN, AMD, AES, ALL, AMED, APH, AON, ADSK, AVA, AZTA, BALL, BZH, BIIB, BMRN, BCO, BRKR, BG, CBT, CAL, CLS, CNC, CENX, CHKP, CHD, CSCO, CLF, CTSH, CR, CCRN, CCK, DHR, DECK, DDS, EBAY, EMR, EL, EXPI, FDS, FDX, FIS, FISV, FMC, FWRD, IT, GFS, HE, HQY, HP, HSIC, HOV, HUM, ITW, ILMN, IIIN, IPAR, IBKR, INTU, JAZZ, KELYA, KFRC, KLAC, KLIC, LRCX, LEN, LNC, RAMP, L, MTSI, M, MANH, MTDR, MRCY, MSFT, MCO, MS, MYGN, NFLX, ASGN, OTEX, OMI, PCTY, PETS, DGX, RL, RCKY, ROG, ROL, ROP, SAIA, CRM, SBH, SMG, SR, SRDX, TECH, TDOC, TDC, MZTI, TDG, TREX, VECO, VEEV, VRSN, VRTX, V, WEX, ZBRA, IYM, IYE, QTEC, FXL, MXI, IXN, SOXX, EWA, EWO, EWK, ECH, EWH, EIS, EWM, EWW, EPP, EWS, EWY, EWP, EWL, EWT, THD, PEJ, XLE. 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Tuesday 8/5/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Teleflex 2 (TFX) stock.

$ $ $

Here's a symbol list of 116 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ABM, ADTN, APD, ALRM, AA, ALGT, AMZN, DOX, ADSK, BMRN, BCO, BRKR, BG, CE, CNP, CIEN, CINF, CTAS, CSCO, GLW, ^DJI, EOG, EPAM, EXPI, EXPD, EZPW, HQY, HL, HNI, HUN, IDA, INTU, JKHY, JAZZ, KSS, LAMR, LEG, L, M, MGY, MTDR, MTRX, MLKN, ^IXIC, NTAP, NWPX, NTNX, OMCL, ASGN, ORCL, PKE, PAYX, PINC, RRC, RNG, RHI, ROST, ^GSPC, SLB, SIGI, STR, SKYW, LUV, SWX, SXI, SCS, SRDX, TTD, TZOO, VMC, WU, WLK, ZBRA, IAI, IHE, FTEC, FDN, QQQ, IYH, IYZ, IGV, IXN, ILF, SLV, IGE, IEO, EWA, EWZ, EEM, EWM, EWY, EWT, TUR, QLD, PEJ, PJP, SSO, XLF, GLD, SPY, XLK, 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 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Monday 8/4/25. 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 a chart of the Dow industrials on the daily scale.

The imposition of tariffs by Trump and weakening jobs report sent the markets tumbling.

That tumble formed a chart pattern called a double top. I show the twin peaks at AB.

The pattern confirms as valid when the index closed below the valley between the two peaks. That happened at C (closed below the red line).

How far could the index drop? A notable support area appears circled at D. It's what I call a knot. I studied knots and they do well as support and resistance areas.

I'm not suggesting the index will drop to D, but it could. It could drop farther than D, too.

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 233 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, ACN, ACIW, ADBE, AFL, A, APD, AKAM, ALK, AA, ALGT, DOX, AEO, AXP, AFG, ASH, AGO, ATO, AVY, AXS, BMI, BZH, BBY, BKNG, BFH, BRKR, BBW, BG, CDNS, CAL, CE, CNP, CINF, CTAS, CNA, CNO, CTSH, COST, CROX, CTS, DHR, DECK, DVN, ^DJI, D, DOV, EXP, EMN, ECL, EME, EMR, EPAM, EXPI, XOM, FIVN, FTNT, FNV, GAP, IT, GNW, GPN, GFS, GGG, HBI, HIG, HQY, HSII, DHI, HUBG, JBHT, HUN, IDA, ILMN, NSP, IIIN, INTC, IPAR, IBKR, TILE, IPI, KMB, KLIC, LH, LEG, LDOS, RAMP, LMT, LOW, M, MKTX, MTDR, MDT, MU, MLKN, MOS, MLI, MYGN, NTAP, NWL, NEU, NEE, NWPX, NOVT, NTNX, OXY, ORI, OMCL, OTEX, OR, OMI, PKG, PKE, PTEN, PYPL, PETS, PNW, PPG, PINC, PFG, PGR, QTWO, KWR, RL, RGS, RGA, RNG, RHI, ROK, ROG, RES, R, CRM, SAND, SLB, SCHW, SEE, SEIC, NOW, STR, SKX, SKYW, LUV, SPSC, SXI, SCS, TRGP, TGT, TDOC, TDC, TMO, TJX, RIG, TZOO, UHAL, UIS, VLO, VECO, VEEV, WERN, WLK, WEX, WSC, WWW, XEL, IYM, IYC, IEZ, IHE, DDM, FTEC, QTEC, FXL, FXI, IAT, IYZ, IEV, MXI, IXN, ILF, IGE, IEO, IYF, EWA, EWC, ECH, EEM, EWQ, EWG, EWH, EIS, EWI, EWM, EWS, EZA, EWY, EWL, PBE, PEJ, PXJ, PJP, XLY, XLF, GLD, XLI, XLB, XRT, XLK, 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.

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

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Friday 8/1/25. 2025 Forecast Update

Here's the updated 2025 market forecast, presented in slider format.

$ $ $

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: DDD, ACN, A, AKAM, ALL, DOX, AMED, AEE, AFG, AME, APH, AGO, AVNT, AVA, AXS, BALL, BAX, BBY, BMY, CACI, CDNS, CAL, CPB, CX, CRL, CHKP, CTAS, CNO, CGNX, CTSH, CTS, CMI, DHR, XRAY, DTE, EME, EVRG, EXC, EXPD, FFIV, FIVN, FMC, FORM, GNW, HBI, HSII, HSIC, HOLX, HD, HUN, ITW, NSP, ITGR, IBKR, IPI, INTU, JKHY, KALU, KLIC, LZB, LEG, LNC, LXU, MGY, MANH, MKTX, MLM, MA, MTRX, MRK, META, MSFT, MLKN, MCO, MYGN, ^IXIC, NFLX, NEE, NOC, NUS, NTNX, ORI, OMCL, ORCL, OR, OMI, PANW, PKE, PNW, KWR, QCOM, RL, REGN, RGS, RNG, ROP, ^GSPC, SBH, SEE, SRE, SLGN, SCCO, SPSC, SXI, SCS, TEVA, TXN, MZTI, TJX, TZOO, TWLO, UGI, WRB, WERN, WLK, WWD, WDAY, FTEC, FXI, IEV, IGV, IXN, SLV, EWA, ECH, EWQ, EWG, EWH, EWM, EPP, EWS, EZA, EWD, EWL, THD, GLD, XLK, VHT, 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.

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

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