As of 12/13/2024   Indus: 43,828 -86.06 -0.2%     Trans: 16,711 -131.34 -0.8%     Utils: 1,004 +0.93 +0.1%     Nasdaq: 19,927 +23.88 +0.1%     S&P 500: 6,051 -0.16 0.0%	YTD  +16.3%    +5.1%    +13.8%    +32.7%    +26.9%	Targets    Overview: 12/12/2024     43,350 or 45,000 by 01/01/2025   16,500 or 17,700 by 01/01/2025   1,050 or 1,000 by 01/01/2025   20,500 or 19,300 by 01/01/2025   5,900 or 6,200 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

As of 12/13/2024   Indus: 43,828 -86.06 -0.2%     Trans: 16,711 -131.34 -0.8%     Utils: 1,004 +0.93 +0.1%     Nasdaq: 19,927 +23.88 +0.1%     S&P 500: 6,051 -0.16 0.0%	YTD  +16.3%    +5.1%    +13.8%    +32.7%    +26.9%
Targets    Overview: 12/12/2024     43,350 or 45,000 by 01/01/2025   16,500 or 17,700 by 01/01/2025   1,050 or 1,000 by 01/01/2025   20,500 or 19,300 by 01/01/2025   5,900 or 6,200 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

Monday 12/16/24. 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 S&P 500 index on the daily scale.

Two red lines hug price and they show an upward price channel.

There seemed to be a second trendline inside the channel. I show that as the green line. I thought it would split the channel in the middle but it slopes downward toward the lower red line.

I look for these types of lines because they often show support or resistance. That's clear as you look at the chart. Notice how the index touches each line and bounces off it (not always, though).

So what does all of this mean going forward? Hard to say. Because the index has dropped shy of the top red line, one could argue that it's a sign of weakness and that the index will drop. It has already started to do that.

It might find support at the green line. It looks to me that the index will continue lower for a time. Eventually, though, I expect to see it make a new high.

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 132 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, ADBE, AMD, ALB, ALGT, AEO, AXP, APH, ARCB, ANET, ASH, AVNT, AVA, AZTA, BZH, BERY, BIO, BOOT, CBT, CNP, CENX, CLNE, CLF, CMTL, XRAY, DSGR, ECL, EMR, EXPI, XOM, FCX, GME, GMS, HLIT, HL, HSIC, DHI, HUN, ILMN, IBP, KALU, KBH, KEYS, LEG, LMT, MTRN, MU, MLKN, MS, MOS, NOV, NTAP, NWPX, NVDA, ORI, OLN, OMI, PANW, PATK, PCTY, PETS, PLXS, PHM, DGX, REGN, RGS, ROK, CRM, SAND, SCHW, SMG, SEIC, SKYW, SCCO, LUV, SWX, SR, SSYS, SRDX, TDOC, TER, TEVA, TOL, RIG, UGI, UNM, VMI, WDAY, IYM, IYK, IYC, IYE, FXL, BOTZ, ICF, IEV, MXI, IXN, SLV, IEO, ITB, EWA, EIS, EWJ, EPP, THD, TUR, PBE, PEJ, PJP, PHO, ROBO, XLE, GLD, XHB, XLB, VAW. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 12/13/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 102 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, ADBE, AEO, AFG, AIG, AMWD, AMN, AR, ARCB, ASH, AVA, BCPC, BSET, BRC, CACI, CNC, CENX, CIEN, CI, CLNE, CLF, COTY, DFS, ECL, EFX, FARO, FIS, GME, IT, GPN, GES, DHI, HWM, IBP, IIIN, IPG, INTU, KALU, KELYA, KFRC, KSS, LZB, LEN, LLY, LMT, L, MTRN, MGEE, NFG, NI, OUT, OMI, PDCO, PAYX, PETS, PPG, ROK, SKYW, SMAR, LUV, SWX, SXI, TDOC, TPX, TEVA, TRV, UGI, UPS, VMC, WMT, WDAY, ZBRA, ITA, IYM, IYC, IHE, IYH, MXI, IEO, ITB, EWA, EWK, EWH, EWI, EWM, EPP, EWP, TUR, PPA, PBE, PHO, XHB, XLB, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Thursday 12/12/24. Intraday Market Direction: Nasdaq

$ $ $

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

I drew the trendline as a "best fit" line. That means at A, I sliced through prices, despite how loudly they yelled.

At B, we see weakness in the indices taking stock lower.

At C, the index has climbed up to the trendline...and hit resistance. Ouch! Of course, if you look back to Monday and Tuesday, the index also touched the trendline and turned down. Will this third touch be the one to see price pierce resistance?

We already know the answer (No). The index is heading lower, but it could try again on Thursday.

$ $ $

Here's a symbol list of 150 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, ADBE, AA, DOX, AEO, APH, AR, AAPL, ATR, ARCB, ASH, ATO, AXS, BZH, BKH, BA, BRC, BCO, CACI, CAL, CENX, CHD, CI, CLX, CNO, COTY, CCRN, CMI, XRAY, DFS, ^DJU, ^DJT, D, BOOM, EME, EFX, EG, EVH, EXPD, FDS, FNV, GME, GE, GIS, HIG, HOV, HUBG, NSP, IBKR, IPG, IPI, JBLU, KBH, KEYS, KFRC, KMB, KSS, LHX, LZB, LH, LEG, LEN, LMT, MHO, MCHX, MCO, MLI, NFLX, NTGR, NOC, NUS, NVDA, OLN, PANW, PKE, PDCO, PCTY, PYPL, PETS, PFE, PPL, PEG, ^GSPC, SAND, SAIC, SKYW, SSYS, SRDX, TGT, TDOC, TOL, UGI, UPS, V, VMC, WSO, WU, WLK, WWD, WDAY, XEL, IYM, IYK, IYC, IHE, FTEC, FXL, FXI, BOTZ, ICF, IYH, IEV, IXN, ITB, EWK, EWQ, EWH, EWJ, EZA, EWY, EWP, EWD, EWL, EWT, TUR, EWU, PPA, PXJ, PJP, SSO, XLP, GLD, XLB, SPY, XLK, XLU, USO, SMH. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Wednesday 12/11/24. A Look at the Chart Pattern Indicator (CPI)

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

The CPI turned bearish about a week ago, according to this chart. The date of the signal changing is complicated because it can change for up to a week. That means a signal that didn't happen in real time a week ago, suddenly appears as if it signaled back then.

If you don't understand that, it's fine. Regardless, the CPI is bearish and it suggests the markets are going down. Indeed, we see the index rounding over and heading lower.

This is the same chart as the prior one except I removed the signal changes. You can see that the CPI peaked about two weeks ago and has been heading lower since.

It moved from bullish to neutral to bearish even as the index climbed for most of that period.

A read of 35 is neutral, so this is bearish at 10.3. With the CPI that low, it usually doesn't stay down long, so maybe we can expect a rebound soon. Of course, 10.3 isn't zero, so look for more weakness before that rebound.

$ $ $

Here's a symbol list of 133 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AMD, AFL, ALKS, AEO, AMWD, AMN, AON, AAPL, ATR, ARCB, ACGL, ADM, ANET, ASH, AIZ, BCPC, BALL, BBY, BOOT, BG, CRL, CVX, CNA, CNO, CL, CXW, CCK, DVN, ^DJU, D, DUK, BOOM, EMN, EG, FDS, FIS, FORM, FWRD, GME, GAP, GE, GIS, GILD, GPN, GL, GOOGL, GPRO, THG, HIG, IPI, ISRG, JNJ, KEYS, KLAC, LRCX, LAMR, LEG, LLY, RAMP, LMT, MTSI, MCHX, MLM, MTDR, MRK, MU, MUR, NOV, NTGR, NEU, NEE, ON, PDCO, PCTY, PETS, PFE, POR, PPL, PEG, QCOM, RLI, RHI, ROL, SAIC, NOW, SHOP, SLGN, SKYW, SMAR, SRDX, TDOC, TDY, TER, TOL, RIG, TWLO, UHAL, UGI, UIS, VFC, VECO, WSC, WDAY, IYM, IAI, IYK, IYC, IHE, FDN, ICF, IYH, IGV, SOXX, ITB, EWJ, EWW, THD, TUR, DBA, XLP, GLD, XLV, XHB, XLB, XLU, VHT. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 12/10/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Vulcan materials: VMC stock.

$ $ $

Here's a symbol list of 160 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACIW, ADBE, AMD, AFL, AKAM, ALK, AA, ALKS, AXP, AR, AON, APA, AAPL, ATR, ACGL, ANET, ASH, AIZ, BCPC, BIO, BOOT, BRKR, CAL, CX, CVX, CHD, CLF, CMCO, CMTL, CW, D, BOOM, EQT, EL, XOM, FDS, FICO, FIVN, FMC, FTNT, FTV, FCX, GME, GAP, GPN, GFS, GFF, GES, HQY, HL, HSII, HWM, IDXX, INCY, INFN, IIIN, IBKR, IPG, ISRG, KELYA, LHX, LANC, LMT, LPLA, LXU, MTSI, MGY, MCHX, MRTN, MA, MDT, MRK, NTGR, NWL, NEU, NWPX, NTNX, ORI, OTEX, OR, OMI, PANW, PAYX, PCTY, POR, PFG, RL, RRC, RTX, ROL, RGLD, RES, CRM, SBH, SAND, SLB, SHOP, SCCO, TDOC, TDY, TKR, RIG, TWLO, UHAL, VEEV, VRSN, VRTX, V, WSC, WOLF, WDAY, IAI, IYK, IYC, IEZ, FDN, FXI, IYZ, IGV, MXI, ILF, EWA, EWO, EWZ, ECH, EEM, EWH, EIS, EWM, EPP, EZA, EWY, EWP, TUR, PEJ, PHO, ROBO, XLP, XHB, UNG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Tuesday 12/10/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Vulcan materials: VMC stock.

$ $ $

Here's a symbol list of 160 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACIW, ADBE, AMD, AFL, AKAM, ALK, AA, ALKS, AXP, AR, AON, APA, AAPL, ATR, ACGL, ANET, ASH, AIZ, BCPC, BIO, BOOT, BRKR, CAL, CX, CVX, CHD, CLF, CMCO, CMTL, CW, D, BOOM, EQT, EL, XOM, FDS, FICO, FIVN, FMC, FTNT, FTV, FCX, GME, GAP, GPN, GFS, GFF, GES, HQY, HL, HSII, HWM, IDXX, INCY, INFN, IIIN, IBKR, IPG, ISRG, KELYA, LHX, LANC, LMT, LPLA, LXU, MTSI, MGY, MCHX, MRTN, MA, MDT, MRK, NTGR, NWL, NEU, NWPX, NTNX, ORI, OTEX, OR, OMI, PANW, PAYX, PCTY, POR, PFG, RL, RRC, RTX, ROL, RGLD, RES, CRM, SBH, SAND, SLB, SHOP, SCCO, TDOC, TDY, TKR, RIG, TWLO, UHAL, VEEV, VRSN, VRTX, V, WSC, WOLF, WDAY, IAI, IYK, IYC, IEZ, FDN, FXI, IYZ, IGV, MXI, ILF, EWA, EWO, EWZ, ECH, EEM, EWH, EIS, EWM, EPP, EZA, EWY, EWP, TUR, PEJ, PHO, ROBO, XLP, XHB, UNG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Monday 12/9/24. Market Monday: The Week Ahead

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

My Prediction

There's not a lot to see on the chart, but I have some thoughts.

The chart is on the daily scale of the Nasdaq composite.

The BA combination forms an up-sloping channel. When the index soars above the top of the channel, it broke the shape of the channel.

The index returned to the channel but the lows had curved upward in an exponential race higher, at C. The two red lines narrow in a sort of rising wedge move upward.

Because the index has made such a sharp turn upward, the slope of the move is too steep to continue much longer. Indeed, the CPI has turned bearish, suggesting a bearish retrace is coming.

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 173 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADBE, AFL, ALK, AA, AFG, AR, APA, APOG, AAPL, ADM, AWI, BALL, BIO, BOOT, BAH, BRC, BCO, CX, CNP, CIEN, CLNE, CNA, CNO, CL, CAG, CSGP, COST, DVN, DSGR, ^DJI, D, DTE, BOOM, EXP, ECL, EIX, EPAM, EFX, EQT, EVRG, EXPD, XOM, EZPW, FFIV, FDS, FMC, FTV, FDP, GME, GIS, GPRO, HBI, HSII, HWM, IDXX, ITW, IPAR, IPG, JAZZ, LANC, LDOS, LMT, LOW, M, MGY, MCHX, MTDR, MTRX, MGEE, MOS, MUR, NOV, NTGR, NWL, NWPX, NTNX, OGE, ORI, OLN, OTEX, OMI, PKG, PTEN, PETS, PFE, PNW, POR, DGX, RL, RNG, RCKY, ROG, ROL, RGLD, RES, SAND, SLB, SAIC, SEIC, SRE, SHOP, SLGN, SNPS, TGT, TDY, TPX, TSCO, RIG, TREX, UIS, UNH, VLO, VMI, VEEV, MDRX, VRSN, VC, WU, IYM, IYC, IEZ, FXI, ICF, IYH, IHF, IXN, IEO, EWA, EWK, EEM, EWQ, EPP, EWY, EWP, THD, TUR, EWU, DBA, XLY, XLP, XLV, XLI, XLB, XLU, UNG, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 12/6/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 155 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, AXDX, ADTN, AKAM, ALK, ALKS, AMWD, AR, APOG, AAPL, AMAT, ATR, ADM, ANET, AWI, ARW, ATO, AVA, BALL, BIO, BIIB, BOOT, BMY, BBW, CBT, CAL, CPB, CE, CNP, CF, CLX, ED, GLW, CCK, DDS, ^DJI, DOV, BOOM, EQT, EG, EZPW, FDX, FISV, FMC, FTNT, FWRD, GME, GFS, HSII, HELE, HSIC, HON, DHI, JBHT, ITW, IBP, INTC, IPAR, JNJ, KFRC, KLIC, LZB, LRCX, LDOS, LEN, LNC, M, MGY, MTRX, MRCY, META, MSFT, NOVT, ORCL, OR, OMI, PDCO, PTEN, PCTY, PHM, DGX, RNG, RCKY, ROG, ROL, R, SAND, SLB, SAIC, SIGI, STR, LUV, SPSC, TECH, TDY, TPX, TOL, TSCO, RIG, TWLO, UIS, UNH, VECO, VC, WU, WOLF, ZBRA, ITA, IYM, IAI, IYC, QTEC, FXL, IHF, IEV, MXI, IXN, ILF, ITB, EWO, EWZ, ECH, EEM, EWQ, EWG, EIS, EWI, EWM, EWS, EZA, EWP, EWD, THD, TUR, EWU, PEJ, PHO, XLI, XLB, UNG, VHT, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

I released a pattern called the 3DC, which is a three-day trend compression pattern. Yes, it's a stinker.

You can find a list of small patterns and their rank here. The page is still under construction with more patterns to come but the results are worth looking at if you like using short patterns (up to 7 price bars long).

$ $ $

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

Thursday 12/5/24. Intraday Market Direction: Nasdaq

$ $ $

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

The measure rule for trendlines says that the move down (B) will mirror the move up (A). You can flip that around, and it suggests the rise at A will precede a fall to B. In this case, notice that B is taller than A. The move from C to the trendline better aligns with what we see at B.

The rise at D says something else about the trend. It is gaining momentum. I think that applies to lines drawn using linear regression (a way to draw a line between points so they are all have a minimum distance from the line). I did not use linear regression on this chart. When price rises above the line, momentum is increasing. When it's heading toward the line, momentum is falling.

If we use the measure rule, then look for the index to drop below the line by about 200 points.

$ $ $

Here's a symbol list of 164 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, AXDX, ADBE, AES, ATSG, ALRM, AMZN, AMED, AMWD, AMN, APH, AR, AAPL, AMAT, ADM, ATO, BBY, BIO, BKNG, BRKR, CBT, CDNS, CPB, CE, CLS, CX, CF, CI, ED, COTY, CR, CCRN, CCK, BOOM, ECL, ELV, EQT, EG, XOM, FIS, FTNT, GME, GIS, GFS, GL, GOOGL, HL, HSII, HUBG, IBP, INTC, IPI, JBLU, JNJ, KLIC, LZB, LH, LDOS, LLY, LMT, MTSI, MGY, META, MSFT, MYGN, ^IXIC, NOV, NWL, OLN, OMC, PANW, PDCO, PYPL, PETS, PFE, PLXS, PINC, PHM, PSTG, RMBS, RTX, RNG, ROL, ROP, ^GSPC, SLB, SEIC, STR, SMAR, LUV, SPSC, SNPS, TECH, TOL, TDG, RIG, TWLO, UIS, VLO, VMI, MDRX, WEX, WSC, WOLF, WWD, IYK, IYC, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, IYZ, IGV, IXN, SOXX, EWO, EEM, EWG, EWH, EWI, EZA, EWP, EWD, EWT, TUR, QLD, DBA, PXJ, SSO, ROBO, XLY, XLF, XRT, SPY, XLK, UNG, USO, SMH, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Wednesday 12/4/24. A Look at the Chart Pattern Indicator (CPI)

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

The most recent signal is green, which is bullish. There's no change from last week except that the thin blue indicator line has rounded over and is heading lower.

Look at the index. It continues to rise even as the indicator drops. Uh-oh. That's bearish divergence. It suggests, but does not guarantee, that the index will follow the CPI lower.

I recently switched my targets (top of page) from up to down, based on weakness I saw in the price trend. I think it'll be a short retrace before a resumption of the upward move, but today's CPI chart seems to confirm my reasoning of a weakening general market.

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Here's a symbol list of 150 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, AXDX, ACN, ACIW, ATSG, ALB, AR, ADM, ASH, ADP, AVNT, AVA, BBY, BAH, BCO, BG, CE, CNP, CENX, CHD, CI, CL, CR, ^DJU, ^DJT, BOOM, EMN, ELV, EQT, EVH, EZPW, FARO, FMC, FNV, FRD, GME, GIS, HL, HSII, HOLX, HUBG, HURC, IEX, INFN, INTC, IRM, JNJ, K, KELYA, LZB, LXU, MTSI, M, MGY, MAN, MCHX, MTRN, MGEE, MOS, NWL, NEE, NVDA, OLN, OMC, ASGN, OTEX, OUT, OXM, PKE, PAYX, PCG, PPG, PINC, PFG, PHM, PSTG, RTX, RNG, ROL, R, SAND, SAIC, SIGI, SLGN, SKX, SKYW, LUV, SXI, TDOC, TXT, TWLO, UPS, UNH, VLO, VMI, VMC, WU, WLK, WEX, IYM, FXI, ICF, IHF, IYZ, MXI, IXN, IHI, EWO, ECH, EEM, EWH, EIS, EWI, EWJ, EWS, EWY, EWP, EWD, THD, TUR, EWU, IBB, DBA, PJP, XAR, XLK, UNG, USO, VAW. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 12/3/24. Slider Trading Quiz!

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I show another slider trading quiz featuring Walmart: WMT stock.

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Here's a symbol list of 156 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, AKAM, AA, ALKS, AMZN, AMN, AR, ANET, ARW, ASH, ADP, AVY, AVA, BCPC, BALL, BSET, BA, BSX, BCO, BRKR, BBW, CPB, CE, CNC, CRL, CINF, CLF, CTSH, CMTL, CAG, COP, CR, CCRN, FANG, ^DJU, ^DJT, D, DTE, EIX, EQT, EZPW, FFIV, FMC, FTNT, GME, GAP, GIS, GILD, GPN, GL, THG, HSIC, HSY, HOV, HWM, HUBG, INCY, IBP, IPAR, IPG, JBLU, LEG, LDOS, RAMP, L, MTSI, MTDR, MRK, META, MLKN, MOS, MYGN, NTAP, NWL, NEU, NEE, NWPX, OMC, ON, ORCL, OR, OMI, PKG, PKE, PATK, PTEN, PAYX, PCTY, PETS, PNW, PFG, QTWO, KWR, RJF, RTX, RNG, RLI, RCKY, ROL, RGLD, R, SAIA, SRE, SCI, STR, SMAR, SO, LUV, SCS, TRGP, TECH, TDOC, TDY, TXT, TMO, TZOO, TG, TWLO, UPS, UNH, VRSN, VMC, WAT, WMB, WOLF, IYC, IYE, IHE, QTEC, ICF, IYZ, IHI, EIS, EWJ, EWT, PPA, DBA, PBE, PJP, XLY, XAR, XLK, USO, VONG. Click this link for details (pattern type, start and end dates).

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

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

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

Monday 12/2/24. 2024 Forecast Update

Here's the updated 2024 market forecast, presented in slider format.

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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: APD, ATSG, ANET, AWI, ARW, AVY, BAX, BA, BFH, BCO, BRKR, BBW, CPB, CNC, CVX, CINF, CLF, CNO, CAG, COTY, CCRN, DTE, EBAY, EIX, EXPI, FMC, GME, GIS, GL, HSIC, HON, HOV, ITW, INCY, IBP, IIIN, IPAR, IBKR, IPG, JBLU, K, KELYA, KLAC, LRCX, LANC, L, MRK, MLKN, MUR, NUS, OMC, ON, OUT, PTEN, PAYX, PEN, PNW, PFG, RJF, RGS, RGA, RNG, RCKY, ROL, ROP, SRE, SCI, SMAR, SO, SSYS, TECH, TFX, TZOO, VFC, VECO, VRTX, WAT, WU, WEX, WOLF, IYM, IYK, ICF, ILF, SLV, EWG, EWJ, EWW, EWS, EWY, EWT, THD, DBA, PBE, ROBO, XLP, UNG, USO. Click this link for details (pattern type, start and end dates).