As of 11/22/2024   Indus: 44,297 +426.16 +1.0%     Trans: 17,367 +194.86 +1.1%     Utils: 1,067 -8.74 -0.8%     Nasdaq: 19,004 +31.23 +0.2%     S&P 500: 5,969 +20.63 +0.3%	YTD  +17.5%    +9.2%    +21.0%    +26.6%    +25.1%	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 11/22/2024   Indus: 44,297 +426.16 +1.0%     Trans: 17,367 +194.86 +1.1%     Utils: 1,067 -8.74 -0.8%     Nasdaq: 19,004 +31.23 +0.2%     S&P 500: 5,969 +20.63 +0.3%	YTD  +17.5%    +9.2%    +21.0%    +26.6%    +25.1%
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

Monday 2/28/22. Market Monday: The Week Ahead

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

My Prediction

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

The index has been sliding for 3.5 months now, so I drew two red trendlines to highlight the downtrend.

The bottom trendline is easy enough to understand with the line hugging the valleys. It has three touches, so it's a solid support line.

The top trendline is what's called an internal trendline. It cuts through price. I drew it this way to touch more peaks.

The top line suggests the rising index will bounce downward off that line when it gets there. So we might have another strong push higher on Monday and then it'll drop again. More likely, is that world events (meaning Ukraine) will take a turn this weekend and the markets will 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 either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 196 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, AXDX, ACIW, AYI, ADBE, AMD, ATSG, AKAM, AA, AYX, AMED, AEE, AEO, AFG, AON, APOG, AMAT, ARCB, ADM, AIZ, AGO, ADSK, AVY, AZTA, BSET, BECN, BBBY, BERY, BBY, BIO, BMRN, BA, BOOT, BAH, EPAY, BG, CACI, CENX, CTXS, CLNE, CLF, CGNX, CTSH, ED, CAG, COST, CCRN, CSGS, DHR, DECK, XRAY, ^DJT, DOV, BOOM, EMR, EFX, RE, EXPD, FICO, FOE, FIS, FISV, FIVN, FORM, FTNT, FWRD, FRD, GPS, GL, GS, GOOGL, GFF, GES, HBI, HLIT, HE, HQY, HSII, DHI, HOV, HUBG, HURC, IDXX, INFN, IIIN, INTC, IPG, IPI, ISRG, NVTA, JBLU, JNJ, KBH, KSS, KLIC, LZB, LEN, LLY, RAMP, MHO, MTSI, MNDT, MANH, MRTN, MDC, FB, MGEE, MSFT, NFLX, NEU, NEE, NXGN, NI, JWN, NOC, NUS, OGE, OMCL, OMC, ASGN, OMI, OXM, PKG, PANW, PATK, PYPL, PRFT, PETS, PICO, PNW, PGR, PEG, PHM, KWR, QCOM, RMBS, RJF, RHI, ROK, ROST, SAIA, CRM, SAIC, SRE, SMTC, NOW, SNPS, TECH, TDOC, TDC, TER, TXT, TMO, TREX, SLCA, UGI, UNM, VEEV, VRSN, WSO, WERN, WEX, WSM, WOLF, WDAY, ZBRA, ITA, IYK, IHE, FTEC, FDN, QTEC, FXL, IGV, SOXX, PPA, PEJ, ILF, MXI, XLE, GLD, XRT, XAR, 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 below industries were the best (rank 1) or worst performing of those I follow.

-- Thomas Bulkowski

Friday 2/25/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 289 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AXDX, ACN, ACIW, ADTN, AFL, ATSG, ADS, AMED, AEP, AXP, AFG, AIG, ABC, AMGN, APH, ANIK, AON, AMAT, ATR, ARCB, ACGL, AWI, ASH, AGO, AVNT, AVA, AXS, AZTA, BCPC, BLL, BBBY, BERY, BIIB, BMRN, BA, BKNG, BAH, BBW, BLDR, CE, CLS, CX, CNC, CF, CHKP, CHS, CINF, CSCO, CLNE, CLF, CNA, CNO, CGNX, CL, CMCO, ED, CONN, COP, CRH, CROX, CCRN, CTS, CMI, DHR, DECK, XRAY, DVN, DDS, DFS, D, DTE, EMN, EIX, EMR, EPAM, EL, EVH, XOM, EZPW, FDS, FICO, FAST, FIVN, FLS, FTNT, FCX, FDP, FRD, GPS, IT, GE, GIS, GNW, GL, GOOGL, GGG, EVRG, THG, HLIT, HSC, HIG, HE, HAYN, HQY, HSIC, HNI, HOLX, HURC, ILMN, INCY, INFN, IIIN, ITGR, IVC, JKHY, JBLU, JNJ, KMT, KFRC, KLAC, KLIC, LHX, LZB, LAWS, LNC, L, LXU, M, MNDT, MANH, MAN, MRK, MGEE, MLKN, MS, MYGN, NBR, ^IXIC, NFG, NOV, NFLX, NTGR, NTAP, NWL, NI, NWPX, NVDA, ORI, OMC, OTEX, OUT, PANW, PAYX, PFE, PICO, PNW, PLXS, PPG, PFG, PG, PGR, PRU, KWR, RMBS, RGS, RGA, REV, RHI, ^GSPC, SIGI, SLGN, SWN, SUM, SRDX, SNPS, TDOC, TFX, TER, TEVA, TXT, TKR, TRV, TZOO, UNM, WERN, WU, WLK, WEX, WOLF, WWW, IYK, IHI, IHE, IDU, FXI, ICF, IHF, IAT, SLV, IYF, EWO, EWK, EWC, ECH, EEM, EWQ, EWG, EWH, EWI, EWJ, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, THD, TUR, EWU, PBE, PEJ, PJP, IEV, IXC, ILF, MXI, XLY, XLP, XLE, XLF, GLD, XLU, UNG, VHT. 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 2/24/22. 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 blue channel shows a slope of the downtrend that mirrors what we see happening now (red channel). The blue channel drops slightly faster and is shorter than the red channel.

Also notice that the index is near the bottom of the red channel. That suggests the index will rise soon. Of course, world events will determine the direction and speed of the move. I think we'll have more of a decline to come, pushed lower by Putin.

$ $ $

Here's a symbol list of 222 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, ACIW, ADTN, AMD, AFL, AKAM, ALRM, ALB, AMED, AEP, AFG, AMWD, APH, AON, AMAT, ATR, ADM, ASH, AGO, AZTA, BCPC, BIO, BMRN, BA, BOOT, BBW, BLDR, CALM, CAL, CE, CIEN, CLF, CNA, CMCO, CMTL, ED, DHR, DECK, XRAY, ^DJU, D, EMN, EBAY, EIX, EMR, EFX, EL, RE, EZPW, FDS, FICO, FAST, FIVN, FLS, FDP, GPN, GS, GPRO, GGG, EVRG, HLIT, HAYN, HQY, HD, HURC, IDXX, INCY, INFN, IIIN, TILE, IPG, INTU, ISRG, JBLU, KELYA, KLAC, LAWS, LEG, RAMP, MTSI, M, MA, MTRX, MGEE, MU, MSFT, MCO, MS, MYGN, NFLX, NKE, NI, NUS, NVDA, OGE, OMCL, OMC, OTEX, OUT, PKG, PAYX, PYPL, PCG, PICO, POR, PPG, PG, QCOM, RMBS, RJF, RGS, REV, RLI, RHI, RCKY, ROST, ^GSPC, SIGI, SMTC, NOW, SO, LUV, SR, SXI, SCS, SSYS, SNPS, TGT, TER, TXN, TXT, TSCO, RIG, TRV, TZOO, TG, UPS, UNM, VMI, VEEV, V, WAT, WSO, WLK, WEX, WWW, WDAY, IYK, IYC, IHE, IDU, DDM, QTEC, FXI, BOTZ, ICF, IYH, IHF, IAT, IGV, SOXX, EWA, EWO, EEM, EWH, EIS, EWI, EWW, EWD, EWL, THD, TUR, PEJ, PJP, IXN, ILF, SSO, XLY, XLP, XLF, GLD, XLV, XAR, XLK, XLU, UNG, SMH, VHT. 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 2/23/22. 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 bearish signal issued about 2 weeks ago was timely because the index dropped. See the vertical red line on the far right of the chart.

I expect the index to drop further because of the Ukraine issue. What's interesting is that energy issues (at least 2 securities I looked at) dropped today. I expected them to rise. Metals rose (but I only looked at HL). That's a surprise, too.

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 this week are down compared to a week ago. That's no surprise, of course. The red and blue lines are making new lows.

The red line has completed a head-and-shoulder's top in the last month. It's a pretty one, too.

Both charts are bearish, so I'm going to stay with my bearish stance. World events will likely determine the direction of the markets over the coming weeks.

$ $ $

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: ACN, AFL, AA, AMWD, APH, AON, APA, AMAT, ATO, ADP, AVA, AZTA, BA, BRC, BBW, CAL, CENX, CHKP, CVX, CHS, CLNE, ED, COP, CLR, CRH, CROX, CMI, DECK, DVN, DDS, DOV, DRQ, EOG, EL, RE, XOM, FICO, FAST, GPS, GL, EVRG, HBI, HLIT, HAYN, HTLD, HSII, HNI, HD, HURC, IIIN, TILE, IVC, JNJ, KALU, KLAC, KSS, LEG, M, MANH, MRO, MTRX, MRK, NBR, NOV, NFLX, NKE, NI, JWN, OXY, OGE, OTEX, OMI, PANW, PATK, PETS, PPG, PPL, PG, REV, RCKY, ROG, SAIC, SCS, SNPS, TGT, TPX, TSCO, RIG, VLO, WU, IYK, IYE, IEO, IHE, IDU, FXI, BOTZ, ICF, IHF, IYZ, SLV, IGE, EWO, EWK, EWZ, EEM, EWQ, EWG, EWI, EWM, EZA, EWP, EWD, THD, PJP, QQQ, IEV, IXC, ILF, XLY, XLP, XLE, VHT. 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 2/22/22. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Jones Apparel Group: JNY.

$ $ $

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: MMM, ABT, ACN, ADBE, AMD, AKAM, ALB, AA, AYX, AMZN, AMN, AMAT, AVNT, BAH, BRC, BMY, BBW, BLDR, CTXS, CLNE, CLX, CGNX, CL, CROX, DHR, DDS, EQT, XOM, FAST, FRD, GE, GOOGL, HE, HAYN, HQY, HL, HOLX, HOV, HURC, INFN, INTC, IPG, JNJ, KMB, KLAC, KSS, LLY, L, MHO, M, NWL, OTEX, PPL, QCOM, RCKY, ^GSPC, SMG, SEE, SIGI, SCS, SNPS, TMO, SLCA, VMI, WU, WEX, IAI, IHE, DDM, ICF, IHF, EWO, EWK, EWZ, ECH, EWG, EWJ, EWW, EWY, EWD, THD, QLD, DBA, PBE, IXC, XLY, VHT. 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 2/21/22. Market Holiday, Site Support

Today is a trading holiday in the US.

If you wish to support the website, then try one of these options.

1. Perhaps the best way is come to this site and click on an image of one of my books. You'll find the images at the bottom of the page. The click will take you to Amazon.com. The link passes a code to them and I receive a small referral fee but only if you buy something while there during the visit. You do NOT need to buy the book. It's just a vehicle to get you to Amazon with the referral code.

   So each time you want to use Amazon.com to buy something, come to this site first. The referral is free (it does not increase the cost of anything you buy), it's easy to do, and it supports this site.

Thanks! -- Tom Bulkowski

Friday 2/18/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 96 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ACN, ACIW, ADBE, AMD, AJRD, AKAM, ALB, AMZN, AMED, AMN, AMAT, AVA, BAX, BECN, BKH, CRL, CGNX, CAG, CROX, CCRN, DVN, DDS, DRQ, EQT, XOM, FAST, FE, GOOGL, EVRG, HTLD, HL, HOLX, HURC, IBKR, IPG, IPI, JNJ, KSS, LZB, LANC, LLY, RAMP, M, MTRN, MRK, MS, NFLX, NWL, OTEX, PKG, PRFT, PETS, PFE, PICO, PPL, PRU, QCOM, RLI, RCKY, RES, SMG, SWX, SNPS, TMO, TSCO, RIG, VMI, VC, WEX, WOLF, IAI, IYE, IDU, DDM, ICF, IHF, IYF, ECH, EWW, EWY, EWD, QLD, PJP, ROBO, IXC, ILF, XLF, GLD, XLU, VHT. 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 2/17/22. Cryptocurrency Ethereum (ETH-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 Ethereum on the daily scale.

I drew a down-sloping trendline along the peaks, forming trendline C.

The trendline measure rule is the height of the dip (blue line A) added to the breakout, which we'll assume is today (it hasn't broken out yet, but it depends on how you draw the red line), giving a target B (another blue line). This is just a mechanical measure. It only has relevance as a gauge to determine how often price will actually reach the target.

For stocks, the target is hit 56% of the time. A better target is to use the start of the trendline as the target. That works 77% of the time. In this example, there's not a lot of difference between the two targets. I will say that the target is awfully far away...

$ $ $

Here's a symbol list of 79 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACN, ADBE, AMD, ATSG, AKAM, AA, ALKS, AYX, AMZN, ABC, AVA, BMI, BRC, CRH, CROX, CCRN, DHR, DVN, DDS, WIRE, EFX, XOM, FIS, FRD, GOOGL, EVRG, HQY, HL, HP, HOLX, HURC, IPG, KSS, LHX, LZB, L, M, MTRX, NJR, NWL, NUS, OXY, OMCL, PTEN, QCOM, RMBS, RCKY, SMG, SCCO, SCS, TMO, TSCO, TG, SLCA, WEX, XEL, DDM, ICF, EWK, EWZ, ECH, EWW, EZA, QLD, DBA, PXJ, ILF, XLK, XLU, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Wednesday 2/16/22. 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 signaled a bullish turn even as I predict the indices will tumble. The uptick in the indicator is a result of today's big move up in the indices (the major ones were up more than 1%).

My feeling is that if Russia invades Ukraine the markets will drop. Energy prices will rise. Inflation will probably go higher, too, spooking an already shaky market. The outlook is very much tied to what happens in world events. So I changed my targets (see page top) to bearish for the next two weeks.

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 red line showed a slight improvement compared to last week. However, almost half of my stocks are still down at least 20% from their highs.

The blue line follows the shape of the index closely. The red line has larger swings, but it also looks similar. The trend of the red and blue lines is downward and that's different from what we see in the index. So the lines aren't exact replicas of the index. Maybe a way to think of the red line is the say that it represents how solid the underlying stocks are in the index. Because the red line is trending lower over time, it suggests an erosion of the overall market.

What does this mean going forward? I don't know because it hasn't meant anything so far. The red line trends downward from the left to the right of the chart and yet the markets continue to rise. So we really can't use this as a warning of a bear market or even a coming correction.

$ $ $

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: ABT, ACN, AMD, ALK, DOX, AEE, AXP, AMGN, AON, AAPL, ARW, ATO, BBBY, BIIB, BRC, BMY, CBT, CAL, CRL, CHKP, CINF, COP, GLW, CRH, CCK, CTS, CW, DHR, DECK, DDS, DRQ, EXP, EMR, EQT, EL, EVH, XOM, EZPW, FFIV, FDS, FIS, FISV, FRD, GL, GOOGL, HLIT, HQY, HP, HSY, HNI, HOLX, HURC, IDXX, INFN, ITGR, IPG, INTU, IVC, KMB, KSS, LZB, LDOS, LLY, LNC, M, MCHX, MRTN, NTAP, NWL, NWPX, OLN, OMI, PINC, QCOM, RL, RJF, RCKY, ROG, RES, SMG, SXI, SUM, TXT, TMO, TSCO, SLCA, WAT, WU, WMB, WOLF, XEL, IHE, DDM, FTEC, FDN, QTEC, IYH, IAT, IYF, ECH, EWH, EWM, EWU, QLD, IBB, PPA, PJP, IXN, XLF, XRT, SPY, XAR, XLK, 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 2/15/22. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring JetBlue: JBLU.

$ $ $

Here's a symbol list of 157 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACN, ADBE, AYX, DOX, AEE, AEP, AIG, AMN, APH, AMAT, ATR, ARW, ATO, AVA, BAX, BMRN, BA, CALM, CE, CX, CNP, CENX, CHS, CINF, CSCO, CLNE, CGNX, ED, COTY, DHR, BOOM, EXP, EIX, WIRE, EVH, EZPW, FDS, FAST, FIS, FIVN, FLEX, FCX, GPS, GE, GNW, GILD, GGG, GFF, GES, HBI, HAYN, HL, HSY, HUBG, HURC, IDA, IDXX, ILMN, INFN, IIIN, IBKR, TILE, JBLU, KELYA, KBAL, KLAC, KSS, LZB, LRCX, LDOS, MTSI, MNDT, MANH, MRTN, MU, MLI, NBR, CNR, NFLX, NTGR, NXGN, NI, JWN, OUT, OMI, PAYX, PFE, PICO, PNW, POR, PPG, PPL, PINC, RMBS, RGS, SCHW, SO, SXI, SSYS, SUM, SNPS, TDOC, TFX, TDC, TXT, TOL, RIG, TRV, UNM, VEEV, WERN, WU, WLK, WMB, WOLF, WWW, XEL, ITA, IHE, FXL, FXI, ICF, IGV, SLV, EWA, EWK, EWC, ECH, EEM, EWQ, EWG, EWH, EWM, EWW, EPP, EWP, EWD, EWL, TUR, EWU, PBE, PEJ, ILF, XLP, 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 Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Monday 2/14/22. Market Monday: The Week Ahead

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

My Prediction

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

The two red lines highlight a chart pattern called an ascending broadening wedge. That's price bounded by two up-sloping and diverging trendlines. The chart pattern breaks out downward 52% of the time in a bull market (which is about random).

My guess is the index will breakout downward when Russia invades Ukraine. That might happen as soon as this week but it might not happen at all. A sharp drop in the market averages will take most things down, including the utilities.

Clearly utilities will suffer in a rising interest rate environment because of the debt they hold, so they are facing headwinds.

Having written that, you wouldn't know that utilities face trouble by their performance over the past year. I'm not talking about the percentage gain, but that the index is rising over time. That rise began with the Covid bear market low in March 2020. That's almost 2 years ago now.

To sum this up, I'm looking for a downward breakout from this chart pattern. If I'm wrong, then you'll see the index bounce off the bottom trendline and head higher. It has completed a partial rise (the rise shown between the last two bottom trendline touches), which also suggests a downward breakout.

A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

For the Week...

Year to Date...

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

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

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season is either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 167 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACN, ADBE, ALK, AYX, DOX, AEE, AEO, AIG, AMN, ARCB, ARW, ADP, BERY, BMRN, BA, BKNG, EPAY, BMY, CALM, CE, CENX, CHS, CINF, CLNE, CAG, COP, COST, COTY, CCRN, DHR, ^DJU, DTE, EXP, EIX, WIRE, EOG, EPAM, EVH, FAST, FIS, FLEX, FORM, FTNT, FCX, GPS, GE, GNW, EVRG, GES, HBI, HAYN, HL, HD, HURC, IDXX, ITW, ILMN, INFN, IIIN, IBKR, TILE, JBLU, JNJ, KFRC, KSS, LHX, LRCX, LAWS, LXU, MTSI, MNDT, MAN, MRTN, MA, MU, MLI, CNR, NFLX, NWL, NUS, OMC, OUT, OMI, PANW, PATK, PTEN, PAYX, PICO, PPG, PPL, PFG, PEG, RMBS, RNG, ROG, RES, SCHW, SMTC, SXI, SSYS, SUM, TDOC, TFX, TDC, TXT, TMO, TZOO, TREX, UPS, UNM, VEEV, VRTX, V, VC, WU, WLK, WOLF, WWW, WDAY, XEL, ZBRA, ITA, IYE, IEO, IDU, FDN, QTEC, FXL, FXI, IGV, SOXX, SLV, IGE, EWA, EWC, EEM, EWG, EWH, EWJ, EWM, EPP, EWD, EWL, THD, TUR, EWU, PBE, PEJ, PXJ, PJP, XLY, 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.

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

-- Thomas Bulkowski

Friday 2/11/22. 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: AEE, AIG, AMWD, ARW, AGO, BMRN, BA, CALM, CE, CENX, EIX, WIRE, EQT, RE, FIVN, FORM, FCX, GE, GNW, GILD, THG, HAYN, HQY, HL, HSIC, HSY, HURC, ITW, ILMN, INCY, IIIN, TILE, IPI, KALU, KMB, KSS, LAWS, RAMP, L, LXU, MNDT, MRTN, MLM, MDT, MU, MOS, MLI, CNR, NTGR, NEU, NEE, OLN, OMC, PKE, PATK, PAYX, PPL, PFG, RGS, RGA, SCHW, SRE, SMTC, SXI, TPR, TFX, TMO, UNM, VRTX, VC, WMT, WU, WLK, WOLF, XEL, ZBRA, ITA, IAT, SOXX, SLV, IGE, EWA, EWK, EWC, ECH, EWM, EPP, ILF, 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.

$ $ $

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 2/10/22. 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.

Let's analyze the chart left to right. BC is a double bottom which confirms as a valid chart pattern when the index closes above the horizontal, yellow line D. The chart pattern seems to fall short of its promise when the index fails to rise at least the height of the pattern above D.

Next is a head-and-shoulders bottom shown here as L (left shoulder), H (head), and R (right shoulder). This pattern confirms as valid after a close above blue line A. This chart pattern appears to have met the target today.

I drew a red line along the peaks. The index spend most of today (Wednesday) riding along that line. Look to a week ago and you'll see a peak near where the index reached today. It suggests overhead resistance. So I'd look for the index to drop near the open or maybe close lower. The above probabilities suggest a rise, so one of us is wrong.

$ $ $

Here's a symbol list of 236 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, ATSG, ALK, ALB, ADS, AYX, AIG, ABC, APH, ANIK, AON, ARW, AIZ, ADP, AVNT, BAX, BZH, BBY, BIG, BIO, BMRN, BA, BKNG, BOOT, BMY, BG, CDNS, CALM, CAL, CE, CENX, CRL, CHS, CSCO, CLNE, CNO, CTSH, COST, COTY, CCK, CSGS, CTS, XRAY, ^DJI, WIRE, EPAM, EL, EVH, FICO, FLS, FORM, FTNT, FCX, FDP, GME, GE, GNW, GGG, THG, HE, HAYN, HL, HSIC, HSY, HD, HURC, ILMN, INCY, IIIN, ITGR, IBKR, TILE, IPG, INTU, ISRG, IVC, NVTA, JKHY, JBLU, KELYA, KLAC, KSS, LH, LAWS, RAMP, LXU, MTSI, MNDT, MAN, MRTN, MLM, MTRX, MDT, MU, MLKN, MCO, MLI, NBR, ^IXIC, NCR, NTGR, NEE, NUS, NVDA, OMC, ASGN, OTEX, PANW, PATK, PAYX, PRFT, PLXS, PFG, RJF, RGA, REV, RNG, RLI, ROG, ROST, SCHW, SMG, SRE, SMTC, NOW, SLGN, SKX, LUV, SXI, SUM, SNPS, TFX, TPX, TEVA, TJX, TREX, SLCA, UNM, VMI, VEEV, VC, WAT, WLK, WEX, WOLF, WWW, ITA, IAI, IYC, IHI, DDM, FTEC, QTEC, FXL, BOTZ, ICF, IYH, IAT, IGV, SOXX, IYF, EWA, EWO, EWC, EWQ, EWH, EWI, EWJ, EWM, EPP, EWS, EWY, EWP, EWD, EWT, THD, TUR, EWU, QLD, IBB, PPA, DBA, PBE, PEJ, PXJ, PJP, QQQ, ROBO, IXN, MXI, XLY, XLF, XLV, XHB, XRT, XAR, UNG, SMH, VHT, 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 2/9/22. 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 is still green, bullish. I show that by the vertical green bar on the far right of the chart.

If you look at the indicator line near the bottom of the chart, you'll see that there's more room for the CPI to rise to 100 (it's at 94%). That suggests more of an up move to come.

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).

If you compare the movement of the thin blue line in the CPI chart (since late January) with the red one here, you'll see a stair-step rise in the CPI. The red line in this chart, however, has a lower step (from mid-February, onward). The prior chart shows a strong move up. This chart follows the index and doesn't show that strength. This chart appears to lag what we see in the CPI chart.

This chart is bullish but less enthusiastic than the CPI chart. Because I view this chart as a near echo or mirror of what we see the index doing, I rely more on the CPI chart. That chart is bullish, so it matches my attitude toward the market in the coming week.

$ $ $

Here's a symbol list of 151 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ALRM, ADS, AYX, AMZN, AMED, AMGN, ANTM, ARW, AVNT, BAX, BA, BOOT, BRC, BG, CALM, CE, CNP, CENX, CRL, CLNE, CNO, CGNX, CLR, CCK, CTS, CMI, EBAY, WIRE, EXC, FISV, FLS, FORM, FTNT, FCX, GME, GE, GNW, GFF, HSC, HAYN, HL, HSII, HNI, HURC, ILMN, INCY, IIIN, IPAR, TILE, JKHY, JAZZ, KELYA, KMT, KFRC, KSS, LZB, LH, RAMP, LXU, MNDT, MANH, MCHX, MRTN, MTRN, MTRX, MDT, MRK, MU, MLKN, MLI, NFG, NTGR, NJR, NEE, NUS, ORI, ASGN, OTEX, PKG, PANW, PAYX, PRFT, PETS, PFE, PNW, PFG, KWR, RES, SCHW, SAIC, SEE, SMTC, NOW, LUV, SXI, TDOC, TFX, TDC, TG, UNM, VRSN, VC, WLK, WMB, WOLF, WDAY, ITA, IYM, IYC, IHI, FTEC, FDN, FXL, FXI, IYH, IHF, IAT, IGV, SOXX, IGE, EWA, EWK, ECH, EPP, EWS, EZA, SSO, XLY, XLV, SPY, SMH, VHT. 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 2/8/22. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Intertape Polymer: ITP stock.

$ $ $

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: ABT, ADTN, AJRD, APD, AKAM, ADS, AEE, AEO, AEP, AIG, AMN, AAPL, AVY, BMI, BLL, BZH, BKH, BMY, BBW, CACI, CPB, CRL, CHKP, CHS, CTXS, CLNE, CNO, COP, CLR, COST, CRH, CCRN, CCK, DECK, DVN, ^DJT, EXP, FMC, FWRD, GPS, GFF, GES, HBI, HOLX, HURC, ITGR, IPAR, IPI, INTU, JAZZ, K, KSS, KLIC, LZB, LAMR, L, M, MANH, MAS, MTRX, MRK, FB, MS, CNR, NFLX, NJR, JWN, ORI, OTEX, PYPL, PETS, PICO, PFG, PHM, QCOM, RJF, ROST, RES, SEE, SHW, SWX, SXI, TDC, TER, TXN, TMO, TZOO, TREX, UNM, VRSN, V, WEX, WMB, WSM, IYM, IYE, ITB, IAT, IYZ, IGE, EWC, ECH, EWI, EWM, EWS, THD, TUR, DBA, PBE, XHB, XLB, 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 Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Monday 2/7/22. Market Monday: The Week Ahead

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

My Prediction

This is a chart of the S&P 500 index, on the daily scale.

I drew an up-sloping channel, shown here with red lines. If you consider the channel as a chart pattern, we see that the index is pulling back to the bottom of the channel.

It follows that the index would drop after completion of the pullback (after point A). That's what we're seeing now.

I see the index following the blue line. We'll see the index drop some and then resume moving up. I didn't measure the retrace from the top of the pullback (A) to the following low, but it's possible that the index will rise on Monday and continue moving up.

A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

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

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season is either underway or should be starting soon. The sessions could be more volatile.

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, AJRD, ADS, AMZN, AEO, AEL, AIG, AMWD, AMN, AAPL, AVY, AZTA, BMI, BZH, BKH, BKNG, EPAY, BMY, BBW, CPB, CF, CLNE, CLX, CLR, CCRN, DVN, DDS, EOG, XOM, GPS, IT, GNW, GPRO, GES, HTLD, HD, HON, HOV, HURC, INTC, IPAR, IPI, IVC, KBH, KSS, LZB, LEN, LNC, LOW, M, MRO, MAS, MTRX, MS, MOS, NFG, CNR, NWL, JWN, NWPX, ORI, OTEX, PAYX, PRFT, PFG, RJF, RGA, RES, SEE, SEIC, NOW, SHW, SKX, SWX, SWN, SXI, SNPS, TFX, TJX, RIG, TZOO, UGI, UNM, WMB, WSM, IYE, IEO, FXL, IAT, IGE, ECH, EWS, TUR, DBA, PEJ, PXJ, XLE, XHB, 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 below industries were the best (rank 1) or worst performing of those I follow.

-- Thomas Bulkowski

Friday 2/4/22. Pattern Trading Setups for the Weekend.

$ $ $

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: ADTN, ALRM, ADS, AYX, AEO, AMWD, AMN, AAPL, AVA, BMI, BSET, BAX, BERY, BMRN, BKNG, EPAY, BBW, CAL, CNC, CNP, CLNE, CMTL, CONN, COTY, CCRN, DVN, EPAM, EXC, EZPW, GPS, GIS, GES, HBI, HLIT, HE, HL, HD, HURC, IDXX, ITW, IBP, IPAR, IPG, IVC, KALU, KSS, LZB, LEG, LOW, M, MAN, FB, MS, MYGN, CNR, NWL, JWN, NWPX, ORI, OTEX, PYPL, PRFT, PICO, POR, PFG, PGR, PRU, QCOM, DGX, RL, RJF, REV, ROST, RES, NOW, SCCO, SWX, SSYS, SRDX, TDOC, TJX, TRV, TZOO, VLO, VRTX, WSM, WWW, FDN, FXI, IAT, XLY, XRT, 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.

$ $ $

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 2/3/22. Bitcoin

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 Bitcoin on the daily scale.

I've already discussed the double top at AB, confirmed at C when the index closed below it.

I drew two blue lines which form a down-sloping channel. Notice the position of the coin within those two blue lines. The coin is heading toward the top blue line but today it turned lower. I drew a second line, green, to highlight closer overhead resistance (setup by the green trendline). Because the coin turned lower as it approached the green line, I think it's going down to the lower blue line. That's a drop to about 35,000.

$ $ $

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: ABT, ADTN, AMD, AES, ADS, AYX, DOX, AEO, AMN, APA, AAPL, ARW, AIZ, BMI, BMRN, BKNG, BBW, BG, CAL, CNP, CENX, CLNE, CMTL, ED, CONN, COP, COST, COTY, CRH, CCRN, DVN, ^DJU, D, DOV, DTE, DUK, EMR, EPAM, EQT, EXC, EZPW, FOE, FE, GPS, GE, GILD, GOOGL, GES, HBI, HLIT, HE, HL, HSII, HOLX, HD, JBHT, HURC, IDXX, ITW, IBP, IPAR, IBKR, IPI, IVC, JNJ, KALU, KFRC, KSS, LZB, LH, LEG, LDOS, RAMP, LOW, M, MAN, MRO, MRK, MU, MCO, MS, MYGN, NOV, CNR, JWN, NWPX, OGE, ORI, OLN, OTEX, PYPL, PRFT, PETS, PNW, POR, QCOM, RJF, RGS, REV, ROST, RES, SEE, NOW, SCCO, SWX, SCS, SSYS, TDOC, TEVA, TJX, RIG, TZOO, UGI, VFC, WSM, WWW, XEL, XLNX, IEO, IDU, FDN, FXI, IAT, SOXX, EWO, EWK, EWI, EWJ, EWD, EWU, IEV, XLY, XLP, XLV, XRT, XLU, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Wednesday 2/2/22. 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.

As the chart shows, the CPI turned bullish (vertical green bar on the far right) about a week after the index bottomed. The indicator is at 95.5%, where its top end is 100%.

So there's a small room for improvement but potential for a large drop.

Although I expect a continued move up, I also expect that world affairs (Russia invasion, new and more toxic covid variant) would cause a retrace.

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).

After taking a steep dive, following the market lower, the red and blue lines have recovered (but not returned to the prior level).

The upward move in both lines is bullish, but the trend lower from the left side of the chart to today remains pronounced. It's like the chart is saying long-term bearish, short-term bullish.

Both charts this week are bullish, and that's good because it agrees with my stance on the markets.

$ $ $

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, ADTN, AMD, ADS, AEO, AEL, AMN, ANTM, APOG, AAPL, AVNT, BMI, BAX, BRC, BBW, BG, CBT, CAL, CNP, CF, CHD, CLNE, CL, CRH, CCRN, DVN, DRQ, BOOM, EIX, FOE, FCX, GPS, GE, GILD, GES, HLIT, HSY, HD, HOV, HURC, IIIN, IPAR, KALU, KBH, KSS, LZB, LOW, M, MLM, MTRX, MDT, MS, MOS, MYGN, NBR, CNR, JWN, NWPX, OXY, ORI, OLN, ASGN, OTEX, OXM, PETS, RJF, RGS, RLI, ROK, RES, SLB, SLGN, SCCO, LUV, SWX, SNPS, TECH, TEVA, TKR, TJX, RIG, TZOO, TREX, SLCA, UGI, UPS, VFC, V, WU, WLK, WSM, WOLF, EWO, EWG, EWI, EWL, EWU, DBA, IEV, 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.

-- Thomas Bulkowski

Tuesday 2/1/22. 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 28 January 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 1/28/22.

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 1/28. The numbering is how they ranked a month ago.

$ $ $

Here's a symbol list of 108 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACIW, AKAM, ALRM, ALK, AMED, AEL, AGO, AVY, BCPC, BSET, BBBY, BIG, BIIB, BMRN, BAH, EPAY, CX, CNC, CNP, CENX, CHKP, CINF, CSCO, CLNE, CTSH, COTY, CTS, ^DJI, DUK, EL, EZPW, FDS, FAST, FOE, FCX, FDP, GME, GE, GNW, GS, GPRO, EVRG, HSC, HE, HAYN, HQY, HSY, HURC, INCY, NSP, ITGR, KALU, KBH, K, KBAL, KSS, LHX, LH, LDOS, MNDT, MCHX, MOS, NFLX, NTGR, NTAP, OMCL, OMC, PANW, PAYX, PCG, PLXS, PEG, RHI, SMG, SIGI, NOW, SCCO, SCS, SRDX, RIG, SLCA, VLO, VRSN, WAT, WERN, WLK, ITB, IHI, IDU, IYH, IHF, IYZ, EWK, EWC, EWQ, EWJ, EWL, DBA, PBE, PJP, PHO. 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

-- Thomas Bulkowski