As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%	Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%
Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

Friday 12/30/22. 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: ANF, AXDX, ALRM, DOX, AFG, APH, AON, AAPL, AIZ, AVA, AXS, AZTA, BMI, BCPC, BSET, BBW, CAL, CPB, CNP, CENX, CLF, CNA, CNO, CGNX, CTSH, GLW, COST, CRH, CCRN, XRAY, DRQ, EMN, EIX, EQT, EVH, FFIV, FICO, FISV, FTV, IT, GE, GIS, GGG, HL, HELE, HP, HSIC, HD, HUBG, IEX, IDXX, INFN, IIIN, ITGR, INTC, IPAR, IBKR, TILE, K, KELYA, LOW, MHO, MA, MSFT, MCO, NCR, NJR, NEE, NXGN, OMC, PANW, PTEN, PYPL, PRU, PHM, QCOM, RMBS, RGS, RLI, RCKY, RES, ^GSPC, SEIC, SRE, SWN, SXI, SCS, TECH, TEVA, TXN, TZOO, TREX, SLCA, VEEV, VC, VMC, WLK, IYC, IHE, FTEC, FXL, IYH, IHF, IGV, IYF, IHI, EWO, EWK, EWZ, ECH, EWG, EWI, EWJ, EWM, EWW, EWS, EWD, EWL, EWT, THD, TUR, PXJ, ROBO, IEV, IXN, ILF, SSO, XLF, GLD, XLV, SPY, XLK, VHT, VIS, 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 12/29/22. Cryptocurrency Ethereum

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 called Ethereum on the daily scale.

This looks a lot like bitcoin which I reviewed in mid December. There's a double bottom at AB. It confirms as a valid chart pattern when the currency closes above the peak between the two bottoms. That happens at C.

The rise to D sees the currency reversing there.

What do I see happening in the future? It's a guess but this looks to be the start of a measured move down. If that's true, then look for the currency to drop followed by a retrace. I show that with the bent red line.

$ $ $

Here's a symbol list of 252 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ANF, AYI, ADTN, AES, AFL, ALK, AA, DOX, AEE, AEO, AEP, AEL, AFG, AMWD, AME, AON, APOG, ATR, ACGL, ADM, ASH, AGO, AVY, BMI, BERY, BKNG, BAH, BSX, BFH, BMY, BBW, BLDR, CAL, CPB, CE, CX, CNP, CENX, CRL, CHS, CIEN, CLF, CLX, CNA, CNO, CGNX, CTSH, CL, ED, CAG, CR, CRH, CCK, CMI, XRAY, ^DJU, ^DJI, DOV, DRQ, DTE, DUK, EXP, EMN, ECL, EIX, EMR, EQT, RE, EVRG, EZPW, FICO, FDX, FISV, FLS, FCX, FDP, FRD, GPS, GE, GIS, GPN, GL, GGG, HBI, HLIT, HSC, HIG, HAYN, HL, HELE, HD, HON, DHI, HOV, HUBG, JBHT, HUN, IDA, ITW, IIIN, ITGR, IPAR, IBKR, TILE, IPI, JKHY, JAZZ, JBLU, KBH, K, KMT, KMB, LH, LANC, LEG, LDOS, LEN, LMT, LOW, MHO, MANH, MCHX, MAS, MA, MTRN, MDC, MDT, MRK, MGEE, MLI, MUR, NBR, NOV, NWL, NEU, NKE, NI, JWN, NOC, OXY, OGE, ORI, OLN, OMI, PKG, PATK, PDCO, PTEN, PRFT, PPL, PG, PGR, PHM, KWR, RTX, RGS, RLI, ROK, RCKY, ROP, SMG, SRE, SLGN, SKX, SO, SCCO, LUV, SWN, SR, SXI, SCS, TECH, TPX, TXT, TKR, TOL, TRV, TZOO, TG, SLCA, UGI, V, VC, WRB, WSO, WLK, WSC, WWW, IYK, IYE, ITB, IDU, DDM, IAT, IGE, IEO, IHI, EWA, EWK, EWZ, ECH, EWQ, EWH, EWJ, EWM, EWW, EPP, EWS, EWT, THD, PPA, DBA, PBE, PHO, ROBO, IEV, IXN, ILF, MXI, XLP, XLE, XLI, XLU, UNG, VIS. Clink this link for details (pattern type, start and end dates).

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

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Wednesday 12/28/22. 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 most recent signal is neutral, as shown by the vertical off-white bar on the far right of the chart. This could mean the transition from bearish to bullish is underway. You often need that kind of transition. By that, I mean it's rare for a red bar to precede a green bar without any white bars in between (there are none showing on this chart).

So we're left with a neutral chart that's hinting of an upturn. Let's call it a Santa Rally or maybe the January effect.

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 week, both lines show improvement but it's not a substantial change. As the chart shows the red and blue lines have a rounded-looking top and are heading lower now. It looks like an inverted and ascending scallop. If that's the case, then look for the downtrend to end and the two lines to shoot higher.

I don't see any evidence of that happening on the chart.

The prior chart is neutral but tending toward being bullish. This one is bearish but could flip to bullish. Maybe we should just consider them bearish until after the New Year's holiday.

$ $ $

Here's a symbol list of 128 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACIW, AKAM, ALK, AEP, AME, APA, ARCB, ADM, ASH, ATO, AVY, BALL, BECN, BKH, BKNG, BOOT, BMY, BG, CE, CNP, CF, CHS, ED, GLW, CR, CCRN, CTS, XRAY, DFS, DOV, DRQ, DTE, EIX, WIRE, EVRG, EXPD, XOM, EZPW, FFIV, FAST, FE, FMC, FDP, GPS, GIS, GPN, GFS, GS, GFF, HLIT, HTLD, HD, HUBG, HUN, ITW, ILMN, INCY, IIIN, IPI, JKHY, JBLU, KMT, KSS, M, MGEE, MOS, NJR, NI, NOC, OGE, ORI, OMC, OMI, PFE, PGR, RHI, ROG, SEE, SMTC, SCCO, LUV, SR, SNPS, TGT, TECH, TXT, TSCO, RIG, TZOO, VEEV, V, VMC, XEL, IYM, IYE, IEZ, IHE, IDU, DDM, BOTZ, IHF, IGE, EWC, EWH, EWM, EZA, TUR, EWU, DBA, PBE, PXJ, ROBO, XLE, XLV, XLI, XLB, XLU, VHT, VAW. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 12/27/22. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Tommy Hilfiger: TOM stock.

$ $ $

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, ANF, ACN, AES, AFL, DOX, AEE, AIG, ABC, ASH, AZTA, BIIB, BKH, BRC, CDNS, CX, CIEN, CNO, CTSH, CMTL, ED, DECK, DVN, DSGR, DRQ, DTE, ELV, EPAM, RE, EVRG, EXC, FICO, FDX, FISV, FORM, FTNT, FRD, GES, HLIT, HE, HWM, HUBG, IDXX, INFN, PODD, JAZZ, KELYA, KFRC, KMB, LLY, L, MCHX, META, MLKN, MCO, MYGN, NBR, NJR, NEE, NI, OGE, ORI, OMC, OTEX, POR, PPL, PEG, RMBS, RLI, RES, SLB, SCHW, SMTC, NOW, TPR, TEVA, TKR, RIG, WSC, IEZ, FDN, QTEC, EWA, EWH, EWM, EZA, THD, TUR, QLD, DBA, PBE, SSO, 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

Friday 12/23/22. Pattern Trading Setups for the Weekend.

$ $ $

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: ANF, ACN, AEIS, APD, AKAM, ALK, ALL, AEO, AEL, APA, APOG, AMAT, AVNT, AXS, AZTA, BALL, BECN, BIIB, BFH, BBW, CDNS, CLS, CHS, CIEN, CLF, CGNX, CMTL, CTS, DRQ, BOOM, EOG, EPAM, EQT, FFIV, FAST, FORM, FTNT, FCX, FRD, GPS, HLIT, HQY, HUBG, HUN, IDXX, INFN, IBP, PODD, INTC, TILE, IPI, NVTA, JBLU, KMT, KSS, KLIC, LRCX, LOW, M, MRO, MCHX, MLM, MAS, MTRX, MU, MLKN, MCO, NBR, NTGR, NWPX, OXY, ON, PKG, PTEN, PAYX, PRFT, PLXS, QCOM, RMBS, ROST, RES, SLB, SMG, SEE, SMTC, NOW, LUV, SWX, SCS, SUM, TGT, RIG, TG, TREX, SLCA, UGI, UNM, VLO, VMC, WSC, ZBRA, IYC, IEZ, FDN, QTEC, FXL, BOTZ, ICF, SOXX, EWC, EIS, EWM, EPP, EWY, EWD, THD, TUR, QLD, PEJ, PHO, ROBO, IXC, IXN, SSO, XLY, XHB, XLB, XRT, XLU, SMH, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 12/22/22. 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 chart pattern indicator slipped into neutral from sell after today's close. That shift suggests the index could be turning higher (the CPI is not shown on the chart and signals can change for up to a week).

This chart shows a rounded bottom, which I highlight with a red arc. Usually the turn will continue upward, but it's early to say if that'll happen or not.

At inset A, I show today's movement. There are three peaks in the picture. I think it confirmed as a triple top when the index plunged just before the close and just before recovering. That recovery suggests upward momentum and it would make a nice holiday gift. However, it could just be a typical pullback where the index will resume the downtrend.

So we'll have to wait and see how it all plays out.

$ $ $

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: MMM, ANF, ACN, AYI, ADBE, ALKS, ALL, APA, AWI, ASH, AGO, AZTA, BMI, BIG, BKH, BKNG, BOOT, BMY, CDNS, CVX, CIEN, CNO, CMTL, CAG, CONN, COTY, DRQ, EPAM, XOM, FICO, FIS, FISV, FTNT, FTV, FRD, GPS, GIS, GNW, GGG, HBI, HIG, HQY, HSII, HWM, HUBG, HUN, IEX, IDXX, INFN, IIIN, PODD, NVTA, JAZZ, KLAC, KLIC, MHO, MCHX, MTRN, MTRX, META, MCO, NBR, NFG, NEU, NKE, NI, JWN, NWPX, OLN, OXM, PATK, PTEN, RMBS, RGS, RGA, RLI, ROK, ROP, RES, SLB, SCHW, SIGI, SMTC, NOW, SO, SXI, TDC, TEVA, TKR, TJX, RIG, TRV, SLCA, UPS, UNH, VLO, VRSN, WAT, IAI, IYE, IEZ, FDN, QTEC, IHF, IAT, IGE, IYF, EIS, EWI, EZA, EWP, TUR, QLD, PPA, PXJ, PJP, IXC, SSO. 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 12/19/22. 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.

A double top confirms as a valid chart pattern at AB. Confirmation happens when the index closes below the horizontal red line. I drew the line connecting the valley between A and B.

What is going to happen next? For a clue, look at the rise from its compliment: C. C is a double bottom that resulted in a huge rise up to A.

Flip that around and it suggests a huge drop.

Will that happen? I have my doubts.

Circled in green is a knot that I believe will support the index. It matches with the horizontal green line that connects to a prior peak at D.

My guess, and it's only a guess, is that the index will drop to somewhere in the green circle and then rebound.

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 213 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACN, ACIW, AYI, ADTN, AMD, AJRD, ATSG, AKAM, ALK, AYX, AEP, AXP, ABC, APOG, ARCB, AWI, ARW, ADSK, ADP, AXS, BAX, BECN, BKNG, BRC, BMY, CBT, CAL, CPB, CNP, CINF, CNA, CNO, CGNX, CTSH, GLW, CR, CSGS, DHR, DFS, DTE, BOOM, EIX, EFX, FFIV, FAST, FLS, FMC, FDP, FRD, IT, GE, GNW, GS, GPRO, GGG, HBI, HAYN, HUBG, IDA, IDXX, NSP, IIIN, ITGR, INTC, TILE, IPI, INTU, ISRG, IVC, NVTA, JAZZ, KALU, KMT, KBAL, KSS, LNC, L, LOW, M, MAS, MTRN, META, MU, MSFT, MLKN, MCO, MS, MLI, ^IXIC, NFG, NOV, NCR, NTGR, NTAP, NWL, NEU, NKE, NI, JWN, NWPX, NVDA, OMC, OUT, PAYX, PPG, PFG, PRU, PEG, RGS, ROK, ROG, ^GSPC, SMG, SEE, SEIC, SRE, SMTC, NOW, SHW, SXI, SCS, SUM, TFX, TMO, TREX, UGI, UPS, VC, VMC, WRB, WSO, WERN, WU, WLK, IYC, IYE, IDU, DDM, FTEC, FDN, QTEC, FXL, QQQ, ICF, IYH, IHF, IYZ, IGV, SOXX, IGE, IHI, EWK, EWC, ECH, EWQ, EWG, EIS, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, THD, EWU, QLD, PBE, PEJ, PJP, PHO, ROBO, IEV, IXC, IXN, SSO, MXI, XLV, XRT, SPY, XAR, XLK, XLU, SMH, VHT, 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 12/16/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 113 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ADTN, ALK, ALKS, ALL, AMED, AFG, AMWD, ABC, AMN, ARCB, AWI, BZH, BRC, BMY, BLDR, CAL, CRL, CNA, CONN, GLW, COST, CCRN, CSGS, CTS, EMR, EOG, FAST, FLEX, FMC, GPS, GE, GGG, HBI, HSC, HAYN, HSII, DHI, HOV, HUBG, HURC, IIIN, INTC, IBKR, TILE, IPI, NVTA, KBH, KMT, KSS, LHX, LH, LANC, LEG, LEN, LNC, L, M, MDC, MU, MLI, NWL, NOC, NWPX, OXY, PTEN, PETS, ROG, NOW, SCS, TOL, TZOO, UNM, WRB, WU, WMB, IYC, ITB, IHE, FXI, IAT, IGE, EWO, EWC, ECH, EWW, EZA, EWY, EWT, TUR, QLD, PEJ, IXC, IXN, ILF, XRT, 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 12/15/22. 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 on the daily scale.

It's been a while since I blogged about the currency (the last post was during the drop to A).

Let's begin with the double bottom or even a triple bottom, shown here as AB. The third bottom is the spike between A and B.

The double bottom confirms as a valid chart pattern when the currency closes above the highest peak between the two bottoms. I show that as line C but one could argue it's much lower because the left side isn't a minor high.

Right now, the currency is bumping up against overhead resistance setup by prior valleys. The thinking here is that once people get their money back, they'll sell the currency and it'll drop. That's what I expect to see.

$ $ $

Here's a symbol list of 67 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ADTN, AYX, AMWD, ABC, AMN, APA, AIZ, BMI, BBBY, BMY, BBW, BG, CF, CHD, CGNX, CMTL, CONN, XRAY, DDS, DSGR, EMR, FAST, FIVN, FLEX, FMC, HLIT, HSY, HUBG, IPI, NVTA, KFRC, LH, LEG, RAMP, M, MTRX, MOS, MYGN, NWL, NWPX, PTEN, RGS, RNG, RES, NOW, SCS, RIG, TZOO, WMB, IYK, IYC, IHE, EWA, EWC, EWW, EWT, IXC, ILF, XRT. 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 12/14/22. A Look At Indicators

If the FED raises rates by 3/4 of a point, I think the market will drop big time. If it raises rates by 1/2 point, we'll see a flat to down market. I think such a rise has been factored in. If they hold steady or raise rates less than 1/2 point, then I think the market will soar on the news. This is just a guess, but that's my expectation. If the market drops, I'm going to be buying some new positions and adding to others.

$ $ $

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

The indicator, at B, shows the CPI turning from bearish (the red vertical bar) to neutral.

Compare what happened at B to what A shows. At A, we see the same red to neutral bars followed by a green (bullish) bar. When A ended, the index soared in a nice straight-line run higher. Will the same dynamic happen following B?

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 show improvement this week compared to the snapshot last week. The red and blue lines hit overhead resistance as I discussed in prior posts.

The prior chart is neutral. This chart is bullish (or more bullish than a week ago). I don't like the big reversal we suffered today (Tuesday) when stocks opened significantly higher only to backtrack a good portion of those gains.

I'm going to reserve judgment on the coming direction until after the FED announcement tomorrow, but I'll be voting with my money.

$ $ $

Here's a symbol list of 237 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACN, ADTN, AEIS, AMD, ALRM, ALB, AA, AMED, AEL, AMWD, ABC, AMGN, AMAT, AIZ, AGO, ADSK, AVA, BMI, BAX, BECN, BBBY, BERY, BBY, BIG, BIO, BIIB, BMRN, BKNG, BAH, BRC, CE, CLS, CF, CRL, CIEN, CSCO, CLNE, CLX, CNA, CMTL, CONN, GLW, CRH, XRAY, DSGR, EXP, EMN, ELV, EMR, WIRE, EFX, EL, RE, EZPW, FAST, FIS, FISV, FIVN, FLEX, FMC, FORM, FRD, GME, GNW, GPRO, HBI, HLIT, HSC, HE, HELE, HSY, DHI, HOV, HUBG, ILMN, INFN, IBP, IBKR, IPI, INTU, ISRG, NVTA, JBLU, KALU, KBH, KELYA, KMT, KBAL, KLAC, KLIC, LHX, LZB, LH, LRCX, LAMR, LEN, RAMP, LMT, M, MAN, MRTN, MLM, MA, MTRN, MTRX, MDC, MDT, MUR, MYGN, NFG, NJR, NWL, NOC, NWPX, NVDA, OMC, ASGN, OTEX, OUT, PKE, PRFT, PFE, PGR, QCOM, RJF, RGS, RNG, ROK, RES, SAIA, SCHW, SAIC, SEE, SIGI, SMTC, NOW, SHW, SLGN, SKX, SCCO, LUV, SWX, SCS, SSYS, SUM, SRDX, SNPS, TDC, TER, TEVA, TREX, UNM, VRSN, VMC, WRB, WAT, WU, WLK, WWW, WDAY, ZBRA, IAI, IYK, ITB, FTEC, FDN, QTEC, FXL, BOTZ, IHF, IAT, SOXX, SLV, IHI, EWA, EWK, EWZ, EWC, EEM, EWQ, EWG, EWH, EWJ, EWW, EWS, EWP, EWD, EWL, EWU, PPA, DBA, PBE, PHO, ROBO, IEV, IXN, ILF, MXI, XLF, XRT, SPY, XAR, XLK, SMH, VHT, VIS, VAW, 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 12/13/22. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Timberland: TBL 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: ANF, AXDX, ADBE, AJRD, AES, APD, ATSG, ALRM, AYX, AMED, AMN, AMAT, ARCB, AVNT, AZTA, BMI, BERY, BMRN, BRC, BLDR, CNP, CF, CRL, CGNX, CMCO, ED, COST, CR, CCRN, CSGS, CTS, ^DJI, EPAM, EL, FLEX, FLS, GNW, HLIT, HSII, HD, HUBG, HURC, NSP, ITGR, INTC, IBKR, IPI, IVC, K, KMT, KBAL, KLIC, LZB, LH, RAMP, M, MANH, MUR, MYGN, NFG, NOV, NCR, NI, NWPX, ASGN, PKE, PTEN, PINC, PHM, QCOM, RMBS, SR, SCS, TGT, TER, TXN, TSCO, TZOO, TG, WU, DDM, QTEC, FXL, FXI, IYZ, IGV, SOXX, IGE, EWA, EWZ, EWC, EEM, EWM, EZA, EWY, EWT, TUR, DBA, PBE, PHO, ROBO, IEV, ILF, XRT, XAR, UNG, SMH. 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 12/12/22. 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.

At AB is a chart pattern called a double top. It confirms as a valid chart pattern when the index closes below the valley between the two peaks, which happens at C. The index hasn't dropped far below C yet.

At D, circled in blue, is a loose-looking knot that may stop the decline in the transports. I think there's a good chance of that because the circled area is so tall.

For all I know, it might already have halted the decline.

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 94 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ADBE, ATSG, AA, AEE, AXP, AIG, AMN, AMAT, ADP, AVY, AZTA, BERY, BRC, CAL, CX, CF, CSCO, CTSH, ED, CCRN, CSGS, DVN, DRQ, EPAM, EL, EVH, FFIV, FIS, FLEX, FLS, FCX, FDP, GILD, GL, GGG, HAYN, HQY, HTLD, HD, HOV, HUBG, ITW, INFN, IBKR, IVC, KBAL, LZB, LH, RAMP, LMT, L, MANH, MRO, MRTN, MDT, MRK, MUR, NOV, NFLX, NTGR, NEU, OXY, PKE, PTEN, PFE, RGS, RHI, SR, TJX, WMT, WWW, XEL, IYE, FXI, SLV, IGE, EWK, EEM, EWG, EWH, EWD, EWL, PBE, IEV, IXC, MXI. 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 12/9/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 124 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, AYI, ADBE, AFL, APD, ALRM, ALK, AYX, DOX, AEP, AXP, AMN, ARCB, ADP, AVY, AVA, AZTA, BZH, BERY, BMRN, BRC, BFH, CAL, CLS, CIEN, CGNX, ED, CSGS, DDS, DFS, DSGR, EPAM, EQT, EL, EZPW, FICO, FLEX, FLS, FCX, GME, GL, HSC, HQY, HSY, HD, HOV, HUBG, INFN, INTC, IBKR, ISRG, IVC, NVTA, KFRC, KMB, KSS, LZB, LH, LNC, RAMP, M, MANH, MAN, MRO, MCHX, MRTN, MLKN, MOS, MLI, MUR, MYGN, NOV, JWN, OGE, OTEX, PKE, PTEN, PFE, POR, DGX, RGS, RHI, RCKY, SWN, SR, TDOC, TMO, TJX, RIG, TG, UGI, VLO, VRTX, WEX, IYK, IYE, IEZ, IDU, FXI, IHF, SLV, IGE, IHI, EWZ, EWG, EWS, IXC, ILF, XLV. 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 12/8/22. 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 is resting on a blue line of support, which I show in the chart. As strong as that support appears, this is the intraday scale, so it's not as robust as one might think (when compared to the daily or weekly scales).

Outlined in red is a symmetrical triangle. According to my book, Encyclopedia of Chart Patterns, 3rd edition (#ad), a symmetrical triangle breaks out upward 60% of the time. That's on the daily scale and that's for a bull market. One can argue that it's an intraday scale in a bear market.

Regardless, the index is going to breakout of the triangle either upward or downward. I doubt if it'll shoot out the apex in a straight line but who knows?

The market might be in a holding pattern, waiting to see what the FED does next week about interest rates. My guess is they'll vote another 3/4% hike, the market will drop on the news, and post a nice recovery the next day. If that scenario plays out, I'll likely be in there buying securities. The recovery over the next few years is going to be tasty.

$ $ $

Here's a symbol list of 100 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, ADTN, ATSG, ALK, DOX, AEP, AEL, APA, ASH, AZTA, BERY, BKNG, BRC, BBW, BLDR, BG, CPB, CF, CIEN, ED, CONN, CCRN, CSGS, DDS, DSGR, DRQ, EPAM, EQT, EZPW, FLS, GPS, HBI, HP, HD, HUBG, IDA, INTC, IVC, KBH, KSS, LZB, LH, LANC, RAMP, MANH, MRO, MCHX, MTRN, MGEE, MLKN, MOS, MUR, NOV, NTGR, JWN, OMCL, OTEX, OUT, PKE, PTEN, PYPL, PG, RJF, RGS, RCKY, ROG, SEE, SWN, SR, SXI, SSYS, TDOC, TXN, TOL, RIG, VRSN, V, IYE, ITB, IGE, EWZ, EIS, EWS, EWT, QLD, IXC, IXN, ILF. 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 12/7/22. 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.

A bearish signal appeared yesterday but it was probably because today's (Tuesday's) drop pulled down yesterday's results. That can happen up to a week (meaning signals can appear or disappear).

It looks like the bearish divergence with the index has taken hold and we'll see the indices drop, perhaps lasting until the FED meeting next week.

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 compared to a week ago. They bounced off overhead resistance and now appear headed lower.

Both charts are bearish, too, so I'm looking for the indices to retrace some of their gains. We could see a third bottom form, but I don't see us getting that low. If it does form a 3rd bottom, expect it to take about 1.5 months to get there.

$ $ $

Here's a symbol list of 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ADBE, ATSG, AKAM, DOX, AMGN, APA, AMAT, ATR, AWI, ASH, ADSK, AZTA, BMI, BERY, BIG, BKNG, BOOT, BRC, BFH, CF, CIEN, CLNE, CLX, ED, CR, CSGS, DVN, DRQ, EPAM, EQT, FLS, FORM, FTNT, FRD, GPS, GE, GES, HBI, HAYN, HP, HD, HUBG, IBP, IBKR, IPG, IVC, NVTA, JNJ, K, KMT, KFRC, KLAC, KSS, LZB, LH, LEN, RAMP, LMT, MHO, MANH, MRO, MAS, MRK, MOS, MLI, NOV, NTGR, JWN, NOC, ASGN, OTEX, PKE, PTEN, PYPL, PHM, RES, SLB, SEE, SMTC, SO, SWX, SR, SSYS, TECH, TXN, TKR, RIG, TREX, SLCA, UPS, VFC, V, WSO, WMB, WWW, IYE, IEZ, FXI, IAT, IGE, IHI, EWO, EWH, EIS, EWI, EWM, EWY, EWP, TUR, PXJ, IXC, 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.

-- Thomas Bulkowski

Tuesday 12/6/22. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Teradyne: TER 2 stock.

$ $ $

Here's a symbol list of 99 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, AMD, AKAM, AA, AEP, AEL, ABC, ANIK, APA, BCPC, BECN, BERY, BRC, CX, CENX, CF, CLNE, CMTL, ED, COP, CW, XRAY, DVN, DRQ, BOOM, XOM, FDS, FISV, FORM, GES, HAYN, HP, HD, HUBG, INTC, IPG, JAZZ, JBLU, KALU, LH, RAMP, MRO, MCHX, MRTN, MOS, MLI, NBR, NFG, NOV, JWN, OUT, PTEN, PYPL, DGX, ROG, RES, SLB, SAIC, SEIC, SWN, SCS, TEVA, RIG, TZOO, SLCA, VEEV, VMC, WSO, WMB, WWW, IYE, IEZ, IHE, FXI, IAT, IGE, EWO, EIS, EWI, EPP, EWS, EWP, TUR, PBE, PXJ, PJP, XLE, UNG, 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 12/5/22. 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 utilities on the daily scale.

At AB appears a double top. The chart pattern has two peaks separated by a valley. A close below the valley means confirmation and a valid chart pattern. Until confirmation happens, you don't have a double top. A close above the tallest peaks of either A or B means the pattern is invalid (before confirmation, that is).

I show confirmation happening at C.

LHR is another chart pattern called a head-and-shoulders bottom. L is the left shoulder, H is the head, and R is the right shoulder. It confirms as a valid chart pattern when the index closes above the right armpit, at D.

A throwback happens at E before a resumption of the upward trend. Notice the strong move upward after E.

Right now, we see the index closing in on overhead resistance (the horizontal red line without a label). The index could stall or reverse there.

$ $ $

I released new research on tax loss selling. When's the best time (of the month) to buy back in after selling?

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 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ALRM, ALB, AA, AEO, ACGL, ATO, AVA, BECN, BERY, BA, BKNG, BG, CBT, CALM, CPB, CE, CENX, CF, CHD, CNA, CL, CMTL, ED, CAG, COST, CRH, CROX, CCRN, CCK, CTS, CW, XRAY, DOV, DRQ, EMN, EMR, EL, FISV, FLS, FMC, FCX, GD, GNW, GILD, GL, GPRO, GES, HE, HAYN, HQY, HL, HSIC, HD, HOV, HUBG, HURC, TILE, IVC, JAZZ, KALU, LH, LDOS, RAMP, LMT, MTSI, M, MCHX, MA, MTRN, MDT, MYGN, NOC, NUS, OMI, OXM, PKG, PKE, PYPL, PETS, PFE, PLXS, PPG, PINC, PG, RGS, RLI, ROST, SLB, SEE, SHW, SR, SUM, TZOO, SLCA, VMC, WERN, ITA, IYM, IYK, IEZ, IHE, FXI, SLV, EWK, ECH, EWQ, EWG, EWH, PPA, PBE, PXJ, PJP, MXI, XLP, XLI, XLB, UNG, VHT, VIS, VAW. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 12/2/22. 2022 Forecast Update

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

Based on sector performance from Fidelity, the best performing sectors for year-to-date performance as of 11/30/2022 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 11/30/22.

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 11/30/22. The numbering is how they ranked a month ago.

$ $ $

Here's a symbol list of 158 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, APD, AKAM, AA, ALL, AYX, AFG, AMWD, ANIK, AON, APOG, ARCB, ADM, ATO, AXS, BERY, BKH, BA, BBW, BG, CLS, CNP, CF, CVX, CSCO, CNA, CTSH, CMCO, ED, CR, CCK, DDS, ^DJU, DRQ, DUK, EFX, RE, FFIV, FDS, FAST, FIS, FISV, FLEX, FORM, FTNT, IT, GE, GNW, GOOGL, GGG, GES, HE, HL, HELE, HNI, HOLX, HD, DHI, HUBG, IEX, ILMN, IBP, IBKR, INTU, IVC, KMB, LH, RAMP, LOW, LXU, MANH, MCHX, MA, MTRN, MTRX, MCO, MS, MOS, NJR, NWL, NEE, NXGN, OLN, OXM, PATK, PDCO, PTEN, PAYX, PETS, PFE, RJF, RNG, ROK, CRM, SIGI, SRE, NOW, SHW, SLGN, LUV, SR, SXI, TECH, TFX, TDC, TJX, TOL, RIG, TZOO, TREX, SLCA, VMC, ITA, IHE, FTEC, QTEC, FXL, SLV, IGE, EWK, EWC, EWG, EWH, EWJ, EWM, EWS, EWP, THD, EWU, PPA, PXJ, ROBO, IEV, GLD, XLK, UNG, 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.

$ $ $

Thursday 12/1/22. 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 (cryptocurrency) on the daily scale.

At B, the currency shows a long region of support or resistance. You can consider this a rectangle bottom. Notice how the currency shot upward after the end of B.

Now, the currency looks to climb to confirmation of a double bottom. Confirmation means the currency needs to close above the highest peak between the two bottoms. I drew the red line incorrectly to show confirmation. The highest spike after the first bottom happens a day later. So the coin would need to close above that level to confirm. If confirmed, look for the coin to rise higher.

Until confirmation, anything can happen. (Well, even after confirmation anything can happen).

$ $ $

Here's a symbol list of 110 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ACN, AMD, AJRD, AKAM, DOX, AMED, AMN, AVA, BMI, BCPC, BZH, BERY, BIG, BBW, BG, CACI, CPB, CF, CRL, CHKP, CSCO, CLX, CONN, COST, CCRN, CSGS, DHR, DDS, DTE, EXC, FDS, FAST, FIVN, FLEX, FCX, GIS, GNW, GES, HBI, HSY, HD, HUBG, IDXX, INTC, IBKR, IPG, INTU, ISRG, NVTA, JKHY, K, LHX, LH, RAMP, MHO, MRTN, MA, MTRX, MDC, MLKN, NFG, NTAP, OXM, PKE, PRFT, PETS, PFE, PCG, PNW, CRM, SEE, SIGI, SKX, SR, TZOO, TG, VC, WDAY, ZBRA, ITA, ITB, FXI, IGV, SLV, EWO, EEM, EWH, EIS, EPP, EWS, EZA, EWY, EWT, THD, PPA, DBA, PBE, ILF, XLP, UNG, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

The 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 11/30/22. 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 indicator has flipped from neutral to bearish to neutral over three days. It's as if the indicator can't make up its mind.

The indicator is at 53% today (Tuesday, after the close), which is neutral. I do see bearish divergence between the indicator and the index. It suggests the index is going lower. Clearly with the flip to neutral to bearish, it tried but failed to stay bearish.

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 shows improvement, according to the above statistics, but the improvements are minor.

The blue line hugs price and the red line is like the index on steroids. Both lines appear bullish this week (trending upward, that is).

The prior chart is neutral and this one is bullish but approaching overhead resistance. I don't know what will happen in the coming week. My gut tells me the index will rise, but I'm frequently wrong.

$ $ $

Here's a symbol list of 125 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, ADTN, AEIS, ATSG, AYX, AMZN, AEP, AAPL, AMAT, AIZ, ATO, AZTA, BSET, BERY, BMRN, BOOT, BLDR, BG, CE, CLS, CENX, CF, CLX, COST, CCK, EL, RE, EVRG, FFIV, FAST, GL, GES, HBI, HSY, HNI, HD, DHI, HUBG, IBP, IBKR, KBH, KMT, KMB, KLIC, LH, LRCX, LDOS, LEN, RAMP, L, MTRN, MTRX, MU, MSFT, MS, NTGR, NEE, NUS, ORI, OMC, ASGN, OXM, PKE, PATK, PAYX, PINC, PHM, RJF, RGS, RCKY, SWX, TPR, TGT, TER, TEVA, TXN, TOL, TZOO, TG, VLO, VEEV, WRB, WLK, WEX, WSM, WOLF, ZBRA, ITA, IDU, FTEC, QTEC, FXL, FXI, SOXX, SLV, EWO, EEM, EIS, EWW, EPP, EWD, EWT, THD, PPA, PEJ, PHO, ROBO, IXN, SSO, MXI, XLB, SPY, XAR, XLK, XLU, SMH. 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