As of 12/26/2024   Indus: 43,326 +28.77 +0.1%     Trans: 16,104 +40.79 +0.3%     Utils: 992 -1.47 -0.1%     Nasdaq: 20,020 -10.77 -0.1%     S&P 500: 6,038 -2.45 0.0%	YTD  +15.0%    +1.3%    +12.5%    +33.4%    +26.6%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

As of 12/26/2024   Indus: 43,326 +28.77 +0.1%     Trans: 16,104 +40.79 +0.3%     Utils: 992 -1.47 -0.1%     Nasdaq: 20,020 -10.77 -0.1%     S&P 500: 6,038 -2.45 0.0%	YTD  +15.0%    +1.3%    +12.5%    +33.4%    +26.6%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/24/24

Friday 12/31/21. New Research: Trading Pattern Pairs

I thought today was a market holiday, but it's not.

I've been working on pattern pairs for about 6 months now and most of it is ready for your review. I'm still working on tips to make patterns work better.

The idea behind pattern pairs is to pick a chart pattern type (like double bottoms) to buy and another to sell (like double tops). You buy the upward breakout from a double bottom, hold for a few years, and sell when a double top appears and breaks out downward. Along the way, you give price a chance to rise far enough to overcome those trades which are stopped out for a loss.

Here's the link to the Pattern Pairs page. You can pick whatever pattern you wish to buy and it'll show stats on different patterns to sell.

A link to pattern pairs is also available on the home page.

Summary report: This links reports on the top 10 performing pattern pairs, sorted by various categories.

-- Tom Bulkowski

Thursday 12/30/21. 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.

What strikes me about this chart is how long the upward run is. I highlight that with the long red line. On Tuesday, we see a retrace begin which lasts into the start of Wednesday's trading.

This reminds me of Elliott wave. I'm not a waver, but it suggests another motive wave which takes the index higher. If I'm correct, it's already begin with the shorter upward red line shown to illustrate the move.

So I'm looking for the index to continue rising. The day before the Christmas holiday also sees price rise, but only 50.7% of the time.

$ $ $

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: ANF, ACIW, ADBE, AES, AA, ALKS, AMZN, AMED, AON, APA, AWI, AGO, ADSK, ADP, AVNT, AZTA, BLL, BECN, BZH, BIG, BIIB, BA, BRC, CX, CNC, CNP, CENX, CHS, CLF, CLX, CLR, GLW, COTY, CR, CRH, XRAY, DVN, DDS, D, DUK, EBAY, EOG, EL, EXC, FLEX, FLS, GE, GIS, GILD, GOOGL, GGG, GES, HSII, HP, DHI, HURC, ILMN, KBH, KMT, KSS, KLIC, LAWS, LEN, LMT, LOW, LXU, MHO, M, MRO, MRTN, MU, CNR, NEU, NXGN, NKE, JWN, NWPX, OXY, OLN, ASGN, OUT, OMI, OXM, PAYX, PRFT, PNW, PPL, KWR, ROST, RES, SAIA, SEE, LUV, SWN, SXI, TDC, TEVA, TKR, TOL, RIG, TG, TREX, VLO, VC, VMC, WRB, WLK, WOLF, WDAY, XLNX, IEO, FDN, FXI, BOTZ, IGV, EWO, EWJ, EWT, TUR, IEV, XLP, XLV, 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

Wednesday 12/29/21. 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.

Notice the vertical green bar on the far right of the chart. That's bullish. The rapid rise of the index after the green bar has solidified the bullish signal (because signals can change for up to a week).

Of course, such a quick rise means that there's a retrace coming. You can see the blue indicator line has turned horizontal, and looks pegged near the top of its scale (100).

Let's look at the next chart.

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).

This chart shows a similar uptrend, following the move of the prior chart. The red and blue lines went vertical, in concert with the index. Both the red and blue lines have reached the level of a prior peak in their corresponding lines. That suggests overhead resistance.

I highlight this with the blue line. In October, the red line made a second peak stopping at the blue line. Then it retraced for a week to 10 days or so. As we approach the blue line now, I expect the same behavior...a retrace of the recent uptrend. The CPI chart agrees with this assessment.

$ $ $

Here's a symbol list of 179 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, ADBE, AES, ALK, AMED, AEE, AEP, AEL, AIG, ABC, AMN, ANTM, APA, ATR, ACGL, AWI, AIZ, AGO, ADSK, ADP, AVNT, AZTA, BLL, BECN, BIG, BA, EPAY, BBW, CDNS, CPB, CNP, CENX, CHS, CLF, CLX, CLR, CR, CRH, CCK, DVN, DDS, D, DRQ, DUK, EXP, EBAY, EIX, EMR, EOG, EPAM, FLEX, FLS, FMC, FDP, GPS, GE, GPN, GOOGL, GPRO, GES, HLIT, HSII, HP, HOLX, ILMN, IBP, IBKR, JBLU, KSS, LAWS, LEN, LOW, MHO, M, MRO, MRTN, NBR, NOV, CNR, NEE, NKE, JWN, NWPX, OXY, OGE, ASGN, OUT, OXM, PKG, PATK, PTEN, PRFT, PFE, PNW, POR, PEG, KWR, RGA, REV, RLI, RHI, ROST, SAIA, NOW, SLGN, SO, LUV, SWN, SXI, SNPS, TDOC, TDC, TEVA, TMO, TKR, TRV, TG, TREX, VLO, VEEV, V, VC, WRB, WLK, WOLF, WDAY, XEL, XLNX, ZBRA, ITA, IYM, IEO, IDU, DDM, FTEC, FDN, QTEC, BOTZ, IHF, IGV, EWG, EWH, EIS, EWI, EWP, EWD, EWL, EWT, TUR, EWU, PXJ, PJP, IEV, MXI, XHB, 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

Tuesday 12/28/21. Slider Trading Quiz! Freeport McMoRan (FCX)

$ $ $

I show another slider trading quiz featuring Freeport McMoRan: FCX

$ $ $

Here's a symbol list of 106 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AEL, AMN, AON, APOG, AAPL, ATR, ARCB, AWI, ADSK, ADP, AVNT, BCPC, BKH, CAL, CLS, CNC, CHKP, CVX, COP, CLR, GLW, CRH, DHR, DVN, WIRE, EOG, EPAM, EQT, XOM, FLEX, GPS, GILD, GPRO, GFF, HBI, THG, HAYN, HELE, HP, DHI, IBP, IBKR, IVC, JAZZ, KLIC, LXU, MHO, MRO, MCHX, MUR, NBR, NOV, NTGR, NXGN, NI, NUS, OXY, OGE, PPL, KWR, RES, SMG, NOW, SNPS, TPX, TJX, TOL, UGI, VLO, VMI, WSO, ITA, IYE, IEO, IHE, FTEC, EWO, EWG, EWH, EIS, EWI, EWM, EWP, EWD, EWL, EWT, THD, EWU, PXJ, IEV, IXC, IXN, XLE, XHB, 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 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 12/27/21. 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 pic of the Dow utilities on the daily chart.

Pattern AB is a confirmed double top. 'Confirmed' means the index closed below the low between the two peaks (C). That confirmation means the index was going down. How far would it drop wasn't clear. It never is. We can only guess.

The chart shows what happens, though. The index did drop. Indeed, it plunged going into the late September low.

A symmetrical triangle appears at D. An upward breakout meant the index would climb. However, first it had to plow through a throwback. In fact, the upward breakout busted when the index climbed less than 10% and reversed to close below the bottom of the triangle. Then the triangle busted again when it didn't drop far before closing above the top of the triangle.

So that's a double busted triangle. The index made a strong push higher. My question now is how much higher can it go? The answer is unclear. That means your guess is as good as mine. My guess is it's at overhead resistance and is likely to drop.

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 over.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here's a symbol list of 16 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, EPAM, FAST, THG, DHI, KBH, KLIC, MHO, MDC, PHM, TOL, TG, VMI, WSO, ITB, XHB. 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.

-- Thomas Bulkowski

Thursday 12/23/21. Cryptocurrency: Bitcoin BTC-USD

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 cryptocurrency bitcoin (BTC-USD) on the daily scale.

Let's start from the top. AB is a double top which confirms as a valid chart pattern when the coin dropped below C (the line connecting the lowest low between peaks A and B).

The coin dropped substantially below C, more than meeting the measure rule target. That is the height (B to C) subtracted from C.

Now, we're seeing the coin bouncing off support. I show that with the blue line. I drew it from the recent low to the left of the chart. It cuts through support at E and is below D. So that support range covers the bottom above D to E.

It suggests support will be strong enough to push the coin upward. So it's bullish.

$ $ $

Here's a symbol list of 71 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, ATSG, AKAM, AEL, AAPL, ATO, ADP, BZH, BMY, BBW, CALM, CX, CF, CRH, ^DJU, EPAM, FFIV, FICO, FAST, FOE, FE, FISV, GME, GPN, GGG, THG, HLIT, DHI, HOV, INFN, IBP, ISRG, JAZZ, KBH, KLIC, MHO, MDC, CNR, NUS, OGE, PAYX, PNW, PINC, PGR, PHM, RMBS, ROG, SRE, TDOC, TOL, TG, VMI, WSO, XEL, ITB, IHE, IYH, EWA, EWO, EWQ, PXJ, XLY, XHB. 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

Wednesday 12/22/21. 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.

Today's rise in the Dow by 560 points flipped the CPI from red three days ago to green today (this is shown on the S&P). If we see the index falter (retrace) tomorrow, we'll probably see the green bar disappear.

As you know, the CPI signals can change for up to a week but like the red bar shown on the far right of the chart (that is, the bar 3 days ago), it's usually stable after three days.

The chart is bullish and it has bounced off a trendline connecting the lows of recent valleys (from October. See blue trendline).

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 above remarks show that the two lines diverged. The blue line showed improvement from a week ago but not the red one. The red one is the more sensitive of the two and it's the one I like to reference.

To me, the recent dip in the red line looks like it's forming a double bottom. It's an unconfirmed pattern (meaning it's just squiggles on the chart at this point), but it has potential of signaling a bullish move.

The bullish move would come if the red line moves above the highest peak between the two most recent lows.

So this chart looks bullish because we have two bounces in December and could see a recovery. The prior chart is bullish. However, I expect a short retrace followed by a strong push higher to end the year above where we are now.

For me, that puts off tax loss selling of two stocks which are about a day's move away from breakeven. If the markets suffer, I'll dump them and harvest the meager losses for my taxes.

$ $ $

Here's a symbol list of 121 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AYI, AEIS, AFL, AA, AEL, AFG, ABC, AAPL, ARCB, AWI, AIZ, BZH, BKNG, BLDR, BG, CLS, CX, CNP, CENX, CF, CTXS, CNO, BOOM, EXP, EPAM, EL, EXPD, FDS, FAST, FISV, FDP, GD, GNW, GILD, GL, GGG, EVRG, GFF, GES, THG, HLIT, HQY, DHI, HOV, HURC, IBP, INTC, IPAR, IBKR, TILE, IPG, IVC, JKHY, KALU, KBH, KLIC, LZB, LH, LNC, L, LXU, MHO, MLM, MA, MDC, MU, MLKN, NOV, CNR, NFLX, NKE, OMCL, OMC, PTEN, PLXS, PPG, PINC, PGR, PRU, PHM, DGX, RMBS, RJF, SIGI, SWX, TPR, TDOC, TXT, TKR, TOL, RIG, TG, UPS, UNM, VMI, VMC, WRB, WSO, ITB, DDM, IYZ, ECH, EWP, PPA, ILF, 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

Tuesday 12/21/21. Slider Trading Quiz! Florida Rock (FRK, version 2)

$ $ $

I show another slider trading quiz featuring Florida Rock: FRK 2

$ $ $

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: ACIW, AES, APD, AA, ADS, AMED, AXP, AIG, AMWD, APH, ANTM, AON, APA, APOG, ARCB, ARW, AGO, ADP, AVY, AVNT, BCPC, BLL, BERY, BBY, BIIB, EPAY, BRC, CBT, CACI, CLS, CHS, CTXS, CLR, GLW, COTY, CR, CSGS, CTS, DECK, DVN, DFS, ^DJT, WIRE, EOG, EQT, XOM, FE, FORM, FTNT, FDP, IT, GE, GILD, GL, GPRO, GFF, THG, HTLD, HP, DHI, HUBG, ILMN, IBP, IIIN, ISRG, JNJ, KBH, KMT, KMB, LHX, LAMR, LDOS, MHO, MNDT, FB, MGEE, MLKN, MS, MUR, ^IXIC, NFG, NTGR, NKE, OXY, ORI, OLN, OMC, ASGN, OTEX, PKG, PKE, PATK, PFE, PICO, PLXS, POR, PGR, RNG, RLI, RHI, ROK, RCKY, ROST, ^GSPC, SAIC, SMG, SLGN, SKX, SCCO, SWX, SWN, SUM, TDC, TEVA, TXN, TOL, TZOO, UPS, UNM, VFC, VMI, V, WRB, WERN, WWW, IAI, IYC, IYE, ITB, IEO, IEZ, DDM, FTEC, FXI, IAT, IGE, IYF, EWZ, EWC, ECH, EEM, EWQ, EWG, EIS, EWI, EWJ, EWS, EZA, EWY, EWT, TUR, QLD, DBA, PXJ, QQQ, PHO, IXC, IXN, ILF, SSO, XLY, XLE, XHB, XRT, SPY, 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 Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Monday 12/20/21. Market Monday: The Week Ahead

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

My Prediction

I had my main computer processing today's (Friday's) market data and the thing just died.

I turned off my power strip, waited 30 seconds, and then powered it up. The machine started, died, and then rebooted only to appear to halt with a blank screen.

There's an old joke which goes. "Backups? Sure we have backups. Do you want this year's or last year's?"

I do a machine backup at the start of each month and also weekly ones (usually) when I make substantial changes. Sometimes, I backup individual files when I change them (which can be multiple times daily). The potential data loss didn't bother me. Plus, I have a complete machine waiting to be updated (with recent data) and to step in. I thought of moving the hard drive and letting it rip.

I've had crashes before and I handle them the same way. I open the hood, pull out the memory chips, take an erasure and clean the contacts, and then reinstall them. That has worked in the past. Did it work this time?

Yes, at least so far. Thank goodness. First thing I did was a weekly backup.

$ $ $

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

LS, H, and RS is a head-and-shoulders bottom chart pattern. ABC is a potential double top but to confirm it as a valid pattern, the index would have to close below C. That's a long drop which I don't see happening. However, the new covid variant is making me nervous (and I've had 3 covid shots plus a flu shot). Omicron could drive the markets down farther than I expect but I'm not that concerned. We'll recover over time.

So I'm looking for the indices to resume the move upward.

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 over.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here's a symbol list of 119 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ADBE, AFL, ATSG, ALRM, AA, AMED, AEL, AXP, AMWD, ANTM, ATO, AVY, BCPC, BIIB, BMRN, BA, BAH, EPAY, CHS, CINF, CSCO, CLX, CNA, ED, GLW, CRH, CCRN, CCK, CSGS, CTS, CMI, ^DJI, EFX, EQT, XOM, FDX, FIVN, FLS, FTNT, FDP, GME, GL, GPRO, GGG, HIG, HTLD, HP, HOLX, HD, HUBG, JBHT, HURC, IDXX, ILMN, INCY, INFN, IIIN, ISRG, NVTA, KMB, LZB, LAMR, LAWS, LLY, L, MHO, MNDT, MRTN, FB, MGEE, MUR, NUS, OMC, ASGN, PATK, PICO, PLXS, PGR, PEG, RLI, RCKY, SMG, SHW, SLGN, SWN, SR, SCS, SRDX, TDOC, TRV, TZOO, UPS, VFC, WMT, WDAY, IYE, IEO, FXI, IAT, EWQ, EWM, EZA, EWP, TUR, IBB, PPA, PBE, XLE. 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.

-- Thomas Bulkowski

Friday 12/17/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 230 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ACN, AYI, ADBE, ADTN, AEIS, AFL, ATSG, ALK, AA, ALL, AYX, AMED, AEO, AEL, AMWD, AMGN, ANIK, ANTM, APA, AMAT, ARCB, ADM, AWI, ARW, ATO, AVY, AVNT, AZTA, BMI, BCPC, BAX, BBBY, BIG, BIIB, BA, BOOT, BAH, EPAY, BRC, BBW, CBT, CALM, CAL, CE, CF, CIEN, CSCO, CGNX, CTSH, CMCO, CMTL, COTY, CR, CRH, CCK, CSGS, DECK, DDS, ^DJT, EMN, EBAY, EMR, EQT, EXC, EZPW, FDX, FORM, FTNT, FDP, FRD, GME, GILD, GL, GPRO, GGG, GFF, HTLD, HELE, HP, HOLX, HD, HOV, JBHT, HURC, ILMN, INCY, IIIN, INTU, ISRG, NVTA, KMB, KLAC, KSS, KLIC, LZB, LRCX, RAMP, L, LXU, MTSI, MNDT, MANH, MRTN, MA, MDT, FB, MU, MSFT, MLKN, MUR, MYGN, ^IXIC, NEU, NXGN, NI, JWN, NUS, NVDA, OMCL, OMC, ASGN, OXM, PDCO, PRFT, PFE, PNW, PFG, PGR, PEG, KWR, QCOM, RMBS, RGS, RGA, REV, RLI, ROK, RCKY, SAIA, SCHW, SAIC, SMG, SMTC, SKX, SO, SCCO, LUV, SWX, SSYS, SNPS, TECH, TDOC, TXN, TRV, TREX, VFC, VC, WMT, WERN, WSM, WOLF, WDAY, ZBRA, ITA, IAI, IYK, IYC, ITB, IHE, FTEC, QTEC, FXL, FXI, IYH, IYZ, SOXX, ECH, EWL, EWU, QLD, PPA, PEJ, QQQ, ROBO, IXN, MXI, XLY, XLF, XLB, XRT, XAR, XLK, 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.

$ $ $

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 12/16/21. 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.

The index formed a double bottom at AB. It confirmed as a valid chart pattern when the index closed above the red line. That line joins the highest peak between the two bottoms.

The height of the pattern, from C to the lower of the two bottoms (B), can give you a target if you add it to C. I show that target with the blue line.

In this case, the index flew threw the target. What does that mean for the markets going forward?

Because we're on the intraday scale (5 min), any predictions made won't last long nor be significant (lots of noise at shorter time scales). My guess is that we'll see resistance to an upward move form tomorrow (Thursday), likely either forcing the index lower or preventing it from soaring. I'd expect a retrace back below 15,400 but probably not dropping below 15,300. So let's call it 15,360.

$ $ $

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: ACIW, AES, AA, AMED, AMWD, ANTM, APA, ACGL, ASH, BCPC, BZH, BIIB, BAH, CACI, CX, CENX, CF, CVX, CIEN, CSCO, CTXS, CAG, CONN, CLR, CRH, CTS, XRAY, DVN, WIRE, EOG, EQT, EXC, FICO, FTNT, FDP, FRD, GPRO, GES, HP, HNI, HOLX, HD, ILMN, INCY, IIIN, IPAR, IBKR, ISRG, IVC, LLY, RAMP, LOW, MNDT, MDC, MDT, FB, MS, MUR, MYGN, NFG, NCR, NEU, NXGN, NI, OXY, OMCL, OTEX, PDCO, PFE, PGR, RGA, RLI, RCKY, ROG, SCHW, SMG, SO, SCCO, SR, TFX, TZOO, UPS, V, WMT, WERN, WDAY, IYC, IYE, IEO, IHE, FXI, IYH, SLV, EWK, EWL, EWU, ILF, GLD, XLV, 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 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 12/15/21. 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.

This chart shows the indicator turning bearish, which the vertical red bar on the far right of the chart highlights.

Earlier in the year (May through August) the red bars didn't signal much of a decline. After August (Sept, Nov) the index made a big down move after red bars appeared. Will it again crumble because of today's red bar?

I have my doubts. The stories we see in the news are a lot of fear packed upon incidents where we've seen a fast recovery in the past. Because we've been through a covid decline once already, I don't think we'll see it again. Certainly not to the extent that we saw in early 2020.

Besides all of that, the indicator can change for up to a week, so today's bearish signal could be fake.

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 more bearish today than they were a week ago. I am somewhat hopeful that if you compare the timing of the red line's bottom, in this chart, it happened at the start of December. Directly above that valley the index made a lower low for 2 extra days. In other words, the red (and blue) line(s) signaled a bottom 2 days before the index (suggesting a downturn end and a recovery).

Looking forward, we have a bearish CPI chart and a bearish percent down chart. That would suggest the index is going to drop more in the coming days.

I just don't believe it. I think the index will rise. In fact, I'm looking for a recovery going into the new year.

$ $ $

Here's a symbol list of 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ADBE, APD, ALRM, ALB, AA, AYX, AMED, AEE, ABC, ANTM, APA, ARCB, ACGL, BCPC, BLL, BBBY, BIIB, BA, BLDR, CPB, CF, CRL, CHD, CTXS, CLNE, CNA, CAG, EIX, EMR, EOG, EQT, FOE, FTNT, FDP, IT, GD, GE, GOOGL, GPRO, HL, HP, HNI, HD, IDXX, ILMN, INCY, IBP, IPI, INTU, ISRG, IVC, KBH, KELYA, LRCX, LEN, RAMP, LOW, MHO, MNDT, MRO, MDC, MRK, FB, MUR, MYGN, NWL, NEU, NXGN, NI, OTEX, PRFT, PFE, PNW, PFG, PG, PGR, PHM, DGX, RL, RLI, RCKY, SAIA, CRM, SMG, SRE, NOW, SHW, SWN, SR, SXI, TGT, TXN, TOL, WMT, WU, WDAY, ITA, ITB, IEZ, IHE, FTEC, FDN, QTEC, FXL, BOTZ, IGV, EWK, EWZ, ECH, EWQ, EWG, EWH, EIS, EWM, EWW, EPP, EWS, EWY, EWD, EWT, EWU, QLD, IEV, ILF, MXI, XLY, XLP, XHB, XLK, UNG, 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.

-- Thomas Bulkowski

Tuesday 12/14/21. Slider Trading Quiz! Fed Ex (version 4)

$ $ $

I show another slider trading quiz featuring Fed Ex: FDX 4.

$ $ $

Here's a symbol list of 142 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AJRD, ALK, ALB, AEP, AEL, AXP, AMN, ARCB, ACGL, ADM, ATO, BZH, BBBY, BKH, BA, BKNG, BOOT, EPAY, BBW, BLDR, CSCO, CTXS, CNO, GLW, CCRN, CTS, XRAY, DDS, ^DJI, D, BOOM, EXP, EMR, EXC, FE, FISV, FMC, GE, GGG, EVRG, GES, HL, HOLX, HD, HURC, IDA, INCY, INFN, IBP, IPAR, IPG, IPI, INTU, JBLU, JNJ, KBH, KMB, KLIC, LANC, LEN, LOW, MHO, MCHX, MDC, MLKN, MS, NBR, NWL, NXGN, NKE, NI, NWPX, OXY, OGE, OMCL, ASGN, PTEN, PLXS, PPG, PEG, PHM, DGX, RL, RGA, RHI, ^GSPC, SLB, SIGI, SHW, SCCO, LUV, SXI, TPX, TER, TKR, TOL, TZOO, VFC, VLO, VRTX, WDAY, XEL, ITB, IHI, IEO, IHE, IDU, FTEC, IAT, IGV, EWO, EWC, ECH, EEM, EWG, EIS, EWM, EWW, EWS, EZA, EWY, EWP, EWD, TUR, PXJ, IEV, XHB, XLK, 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

Monday 12/13/21. 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 Nasdaq composite on the daily scale.

This was a tough chart to draw lines on. The top red line went in just fine because it lines up well with the peaks and we have plenty of trendline touches.

The bottom line I struggled with. Why? Because it didn't really line up well. I drew what's called an internet trendline which slices through price. That's clear at A.

This is not how I like to draw trendlines, but it seems to make sense in this situation.

What does the chart show?

This is an ascending broadening wedge. The two trendlines slope upward and diverge. Price nears or touches the internal trendline several times and has a fake downward breakout at A.

The pause we see now might be just that, a pause, before the uptrend continues. That's what I think will happen. However, it's also possible that we'll see it reverse here and head down toward the bottom trendline. Indeed, you see that situation just before point A. Price neared the bottom trendline, moved up about halfway and then reversed to pierce the trendline at A.

We'll know in the coming weeks which way the composite moves.

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 over.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here's a symbol list of 114 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AJRD, ALK, DOX, AEO, AEL, AXP, AIG, AMWD, AMGN, AIZ, BCPC, BZH, BIO, BA, BAH, EPAY, BMY, BBW, BG, CPB, CX, CNC, CSCO, CNO, COP, COST, CCK, CMI, XRAY, WIRE, FE, FISV, FMC, GE, GNW, GS, GPRO, GES, HIG, HNI, HON, JBHT, IDA, INCY, INFN, IIIN, ITGR, IPAR, IPG, JBLU, KLIC, LEG, LLY, LOW, MHO, MLM, MDC, MU, MLKN, NWL, NXGN, NI, OXY, ASGN, PKG, PANW, PATK, PTEN, PNW, PLXS, PPG, DGX, RL, RGS, RGA, ROG, SLB, SCCO, LUV, SWN, TECH, TPX, TMO, TZOO, TG, VFC, VLO, VRTX, WMT, WLK, WMB, IYK, ITB, FTEC, IYH, IHF, IGV, EWC, EWH, EIS, EWW, EZA, EWY, EWL, XLP, GLD, SPY. 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.

-- Thomas Bulkowski

Friday 12/10/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 112 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AJRD, AFL, APD, ATSG, ALK, AEE, AEL, AIG, AMGN, ANIK, ACGL, AWI, ATO, BZH, BIO, BAH, BBW, CLS, CNC, CIEN, CINF, CNA, CNO, CMTL, COP, DHR, XRAY, DFS, DOV, WIRE, EPAM, EXC, XOM, FE, FISV, FMC, FTNT, FDP, IT, HTLD, HOV, JBHT, IDA, IDXX, ITW, INCY, INFN, IIIN, IPAR, TILE, IPG, JBLU, KBH, LEG, LEN, LOW, MHO, M, MDC, NXGN, OXY, OMCL, OXM, PKG, PTEN, PETS, PLXS, PPG, PPL, PRU, PHM, RL, RGA, RNG, SLB, NOW, LUV, SWN, TECH, TPX, TEVA, UPS, VFC, VLO, VEEV, VRTX, WSM, IYK, ITB, IDU, FTEC, ICF, IHF, IAT, SLV, EIS, EWW, EZA, EWY, TUR, XLP, XHB. 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

Thursday 12/9/21. Cryptocurrency: DOGE-USD

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 cryptocurrency DOGE-USD.

At AB there's a chart pattern called a double top. It confirms as a valid chart pattern when the currency closes below the red line. That line connects the lowest valley between peaks A and B.

A downward breakout occurs at C. It seems hard to envision but the pattern predicts a drop below C as far as the height of AB to C. On this scale, it looks like the currency would go below 0, so you'll want to be conservative in your projections.

What we can say about the double top is that the currency is going down. The chart shows that's already happened (with the spike down at C). What's not clear is how much lower it might go. Indeed, it appears to be pulling back now, but that upward move of the last four days looks anemic. So maybe it'll resume dropping.

$ $ $

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, ALK, AEL, AFG, AIG, ANIK, AXS, BZH, BBW, CPB, CLS, CNC, CHD, CNO, COP, COST, CCK, CW, DHR, XRAY, DOV, WIRE, EPAM, EXC, FICO, FE, FISV, FMC, FDP, FRD, HTLD, HSII, HP, INCY, INFN, IPAR, TILE, IPG, IVC, JBLU, K, KSS, LEG, LOW, MHO, M, MDC, NXGN, NI, OXY, OTEX, OUT, PATK, PTEN, PCG, PLXS, PPG, PPL, PG, PHM, RL, RGA, SLB, SCCO, SWN, TGT, TPX, SLCA, VFC, VLO, VEEV, VRTX, VMC, WSO, ITB, FTEC, FXI, IAT, EWA, EWO, EWZ, EWM, EWW, EZA, EWY, EWL, IEV, ILF, XLE. 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

Wednesday 12/8/21. 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 bullish as shown by the green vertical bar on the far right of the chart. It shows the indicator turned green yesterday but it could have been today's big move in the indices which caused the indicator to flash green yesterday. Sound weird?

I mention this because a strong move could cause the indicator to change signals for up to a week (meaning we could have had a bullish signal days ago). That 'feature' is like looking in the mirror as you drive down the road and saying, "You should have turned back there," and then being able to make that turn.

In short, this chart is bullish.

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 on this chart show marked improvement from a week ago. I think it's odd that the red line made a lower low less than a week ago even as the index shows a consistent uptrend (starting off the chart to the left), in a rise-retrace pattern. Both the red and blue lines have shown growing weakness in the index (since March, when the two lines peaked).

Regardless, these lines are moving up and that means they are more bullish now than a week ago.

Combined with the bullishness of the prior chart, it seems clear that the uptrend will continue...until it stops. Russia invading Ukraine could be a cause as well as Covid 19 adapting to the vaccines and becoming more lethal. Lots can happen but I remain bullish.

$ $ $

Here's a symbol list of 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADTN, AJRD, ALK, AEL, AXP, APH, AAPL, AWI, AXS, BMI, BZH, BMRN, BRC, BBW, BLDR, CNC, CENX, CHKP, CTXS, CNO, CMCO, COP, COTY, CRH, CCK, DHR, DECK, XRAY, DVN, DOV, EL, FAST, FE, FISV, FMC, FORM, FWRD, FCX, FDP, HQY, HL, HSII, HOLX, INCY, NSP, INTC, IPAR, TILE, IPG, NVTA, JBLU, KBH, K, KLIC, LANC, LEG, LDOS, MHO, MA, MDC, MDT, MRK, MU, MUR, NBR, NXGN, NKE, NI, OXY, OLN, OTEX, OXM, PANW, PTEN, PLXS, PPG, DGX, RL, RGA, RNG, ROK, SLB, SCCO, SWX, SCS, TPR, TPX, TER, TXN, TMO, SLCA, VFC, VLO, VEEV, VRTX, WSO, WDAY, XEL, XLNX, IYM, IAI, ITB, IEZ, DDM, IYH, IHF, SOXX, IGE, EWO, EWK, EWZ, EWC, EWH, EWI, EWW, EWS, EZA, EWY, EWL, EWT, EWU, PXJ, PHO, IXC, ILF, SSO, XLE, XLV, XHB, XLI, XLB, XRT, USO, 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.

-- Thomas Bulkowski

Tuesday 12/7/21. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Fed Ex: FDX 3

$ $ $

Here's a symbol list of 84 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AES, AEL, AFG, AMWD, AZTA, BLL, EPAY, BRC, CAL, CNC, CRL, CVX, CTXS, CNO, CAG, CLR, COTY, EIX, WIRE, EOG, FICO, FE, FORM, FRD, IT, GD, GIS, GL, THG, HAYN, IBP, IPI, KMB, LXU, M, MCHX, MTRN, MUR, NFG, NTAP, NI, NOC, OGE, OUT, OXM, POR, PPG, PPL, PG, KWR, RMBS, SMTC, SO, SXI, TGT, TPX, TEVA, RIG, VRTX, WEX, WSM, IYK, IEO, ICF, IYF, EWA, EWC, EWH, EWY, EWD, IBB, ROBO, IXC, XLF, 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 Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Monday 12/6/21. 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 industrials on the daily scale.

I drew two red lines following the peaks and valleys, respectively. What do they show?

Notice that both lines slope upward. That indicates a rising price trend. Taken together, the two lines highlight a chart pattern called an ascending broadening wedge.

Those breakout downward most often (52% of the time). That's about random.

Here's what I expect will happen. At A, the index got near the bottom trendline but didn't quite make it down there. It has made higher lows during the last two days. I expect that uptrend to continue following the green line. We might see a test of the bottom line like the loop it did in September. Or the index can continue up until it touches or nears the top line.

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 over.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here's a symbol list of 109 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AYI, AEIS, AMD, ALRM, ALB, AA, AEL, AMWD, AMN, BMI, BZH, BOOT, EPAY, BBW, CDNS, CAL, CX, CNC, CRL, CHKP, CHS, COTY, CTS, D, EBAY, WIRE, FFIV, FE, FLEX, FORM, FRD, HAYN, HL, HOV, IDXX, ILMN, IBP, ITGR, IBKR, IPI, NVTA, JAZZ, LLY, LXU, M, MTRN, MTRX, MU, ^IXIC, NJR, NEU, NXGN, OXM, PANW, PRFT, PETS, KWR, RL, RMBS, REV, RHI, SAIC, SMG, SMTC, SKX, SXI, TECH, TDC, RIG, VRTX, WSO, WERN, WSM, WOLF, IYC, FTEC, QTEC, BOTZ, IAT, ECH, EWQ, EWG, EIS, EWI, EPP, EWS, EWY, EWD, EWT, QLD, IBB, PJP, QQQ, ROBO, IEV, IXN, XLY, XRT, 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 below industries were the best (rank 1) or worst performing of those I follow.

-- Thomas Bulkowski

Friday 12/3/21. Pattern Trading Setups for the Weekend.

$ $ $

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: ABT, AEIS, ALRM, ADS, DOX, AIG, AMWD, APA, ATO, BMI, BA, EPAY, BRC, CDNS, CAL, CNC, CF, CRL, CINF, CTXS, CLNE, CMTL, CRH, ^DJI, EFX, XOM, FE, FLEX, IT, GD, GGG, HAYN, HL, INFN, IBP, INTU, JKHY, KBAL, LAMR, LDOS, LEN, RAMP, MHO, M, MUR, NTGR, NTAP, NJR, OXY, OXM, PKE, PHM, ROK, ROST, ^GSPC, SAIC, SEIC, SKX, SNPS, RIG, VEEV, VRTX, WSO, WERN, WSM, IYE, IEO, FXI, IYZ, EWO, EWK, EWZ, EEM, EWH, EWM, TUR, EWU, PPA, PXJ, IXC, MXI, XLE, GLD, XLV, 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.

$ $ $

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 12/2/21. Intraday Nasdaq: Down Then Up

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.

The market was trending lower as I show with the two parallel lines. Those lines highlight what's called a channel. In a channel, price moves between two parallel or nearly parallel lines.

Notice that today (Wednesday) the index pierced the channel. That's a worrisome development. I expect you'll see a pullback to the bottom of the channel. I expect that will happen on Thursday and if not, then on Friday of this week.

After that, it's just a guess. But I view this plunge in the indices as a buying opportunity. I think we'll be higher going into the new year.

$ $ $

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: DDD, AFL, AKAM, ALK, AA, ALL, AYX, AIG, ANIK, AON, APA, ATR, AGO, ATO, AVA, BIG, BA, BBW, CACI, CAL, CE, CNC, CRL, CHKP, CHS, CINF, CTXS, CLNE, CNO, CTSH, CRH, DHR, XRAY, DVN, DDS, EZPW, FDS, FE, FLEX, FTNT, FWRD, FDP, IT, GIS, GFF, THG, HAYN, HL, HSII, HSIC, HON, IBP, IIIN, JBLU, LZB, LANC, LEN, RAMP, LMT, MTSI, M, MNDT, MRO, MCHX, MDT, MRK, MUR, NFLX, NTAP, NJR, NKE, OXY, ORI, OMC, OXM, PKG, PKE, PDCO, PICO, RCKY, ROST, CRM, SAIC, SMG, NOW, SLGN, LUV, SXI, SSYS, SUM, SNPS, TPX, RIG, TZOO, SLCA, VRSN, VRTX, VC, WRB, WAT, WERN, WLK, WSM, WDAY, IYK, IYE, IEO, IEZ, ICF, IAT, IYF, EWW, EWD, TUR, DBA, PXJ, ROBO, IXC, XLE, XLF, XLV, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Monday 12/1/21. 2021 December Forecast Update

Here's the updated 2021 forecast for December, presented in slider format.

Based on sector performance from Fidelity, the best performing sectors for one-year performance as of 30 November 2021 were... (The numbering is how they ranked a month ago.)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 11/29.

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 11/29. The numbering is how they ranked a month ago.

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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: ABT, ANF, ACIW, AFL, APD, AKAM, ALRM, AA, ADS, AMZN, AEO, AEL, AFG, AIG, APA, ATR, ACGL, ADM, AWI, AIZ, AGO, ADSK, ADP, AVNT, AXS, BECN, BKH, BAH, EPAY, BMY, CBT, CACI, CAL, CPB, CE, CNC, CENX, CTXS, CNA, CNO, CTSH, CMCO, CMTL, COP, CLR, GLW, CRH, CCK, CTS, DHR, DDS, EOG, EQT, RE, EXPD, XOM, FE, FLEX, FLS, FMC, FTNT, FDP, IT, GL, GFF, HBI, THG, HIG, HAYN, HL, HSII, HP, HSIC, HON, DHI, HURC, INFN, IBP, TILE, IPI, ISRG, JBLU, K, KSS, LAMR, LANC, LEN, RAMP, LMT, MTSI, M, MNDT, MRO, MCHX, MTRN, MDT, MGEE, NOV, CNR, NFLX, NTAP, NKE, ORI, OUT, OXM, PAYX, PLXS, POR, PINC, PFG, PGR, PRU, RGS, RLI, SLB, SAIC, SMG, NOW, SKX, SXI, SUM, SNPS, TECH, TDOC, TKR, RIG, TRV, UNM, VLO, VEEV, VRSN, WRB, WAT, WERN, WLK, WSM, WDAY, IYK, IYE, IEZ, IDU, BOTZ, ICF, IYH, IHF, IAT, IGE, IYF, EWZ, EWH, EWJ, EPP, EWS, EZA, EWD, EWT, TUR, DBA, PXJ, IXC, XLE, XLF, XLV, 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