As of 02/28/2025   Indus: 43,841 +601.41 +1.4%     Trans: 15,986 +223.69 +1.4%     Utils: 1,005 +15.03 +1.5%     Nasdaq: 18,847 +302.86 +1.6%     S&P 500: 5,955 +92.93 +1.6%	YTD  +3.0%    +0.6%    +2.3%   -2.4%    +1.2%	Targets    Overview: 02/28/2025     44,900 or 42,400 by 03/15/2025   16,400 or 15,300 by 03/15/2025   1,050 or 970 by 03/15/2025   18,000 or 19,500 by 03/15/2025   6,000 or 5,700 by 03/15/2025
Chart Pattern Indicator: on 2/28/25

As of 02/28/2025   Indus: 43,841 +601.41 +1.4%     Trans: 15,986 +223.69 +1.4%     Utils: 1,005 +15.03 +1.5%     Nasdaq: 18,847 +302.86 +1.6%     S&P 500: 5,955 +92.93 +1.6%	YTD  +3.0%    +0.6%    +2.3%   -2.4%    +1.2%
Targets    Overview: 02/28/2025     44,900 or 42,400 by 03/15/2025   16,400 or 15,300 by 03/15/2025   1,050 or 970 by 03/15/2025   18,000 or 19,500 by 03/15/2025   6,000 or 5,700 by 03/15/2025
Chart Pattern Indicator: on 2/28/25

Friday 2/28/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 159 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, AYI, AEIS, AES, A, AKAM, ALK, AA, DOX, AMWD, AME, APH, ANIK, AR, AMAT, ANET, ADSK, BECN, BZH, BOOT, BMY, BBW, CACI, CDNS, CPB, COR, CRL, CHKP, CTAS, CSCO, CLF, CNA, CNO, CSGP, CROX, DECK, DDS, EBAY, ECL, EPAM, EQT, EZPW, FFIV, FLEX, FLS, FORM, FTNT, FWRD, FDP, GME, GAP, GNW, GILD, GES, HL, HSIC, INFN, NSP, IIIN, INTC, IBKR, ISRG, IRM, JBLU, JNJ, KEYS, KFRC, KLAC, LAMR, LANC, LEG, LNC, LMT, LXU, MTSI, M, MAN, MKTX, MRK, MRCY, META, MU, MSFT, MLKN, MS, NFLX, NVDA, ORI, OLN, OMCL, ORCL, OR, PKG, PANW, PDCO, PTEN, PSTG, QTWO, QCOM, RL, RRC, RCKY, R, CRM, SIGI, SMTC, NOW, SHOP, SKYW, SWX, SRDX, SNPS, TRGP, TDOC, TFX, TER, UNM, VFC, VRTX, WMB, WSC, IAI, IDU, FTEC, FDN, QTEC, FXL, BOTZ, IYZ, IGV, IXN, ILF, SOXX, SLV, EWA, EWI, EWM, EWW, EPP, EWS, TUR, PEJ, PJP, XLK, 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.

$ $ $

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 2/27/25. Intraday Market Direction: Nasdaq

$ $ $

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

At A and B, we see small double bottoms that confirmed as valid chart patterns. The rise after B meets the measure rule target, which is the height of the pattern added to the price of the top of the pattern.

The two red lines highlight a chart pattern called a broadening formation, right-angled and ascending. It's not ideal because of the white space in the middle of the pattern (between A and B). The breakout from this pattern is upward 55% of the time, so that's close to random. And that's in a bull market (which we are in).

The pattern suggests a move higher in the index.

$ $ $

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: AXDX, AES, ATSG, AKAM, AA, DOX, ANIK, BSET, BMRN, BKH, BOOT, BMY, BBW, CE, CRL, CHKP, CVX, CINF, CLNE, CLF, COP, CSGP, XRAY, FANG, DDS, ^DJI, EMN, EBAY, XOM, EZPW, FICO, GNW, GOOGL, HSIC, HOV, HUN, IIIN, INTU, JNJ, KEYS, KSS, LAMR, LANC, LEG, LNC, LMT, MTSI, MKTX, MRK, MLI, NFLX, NJR, NI, JWN, OGE, OXM, PTEN, SBH, SHOP, SPSC, TGT, TDOC, TER, TTD, TMO, TZOO, TWLO, UHAL, VRTX, XEL, IYM, IYK, IDU, DDM, QTEC, FXI, SOXX, IEO, EWO, EWK, EWH, EWI, EWW, THD, PBE, PXJ, PJP, SMH, 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.

$ $ $

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 2/26/25. A Look at the Chart Pattern Indicator (CPI)

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

The white vertical bars on the far right of the chart means the indicator value is neutral.

That may seem odd given that the major indices have been dropping for the last several days. I think that suggests underlying strength.

The red inset (box) in the upper left shows the CPI has flat lined.

With the CPI in neutral, I don't know which way the indicator will go. My guess is that the markets will rise.

$ $ $

Here's a symbol list of 139 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AES, APD, AA, AEO, AEP, AIG, AME, APH, ANIK, APA, ANET, ADP, AVA, AXS, AZTA, BSET, BIIB, BKH, BRC, BMY, BR, CRL, CVX, CTAS, CSCO, CLNE, CLF, COP, CSGP, CR, XRAY, FANG, DDS, DSGR, BOOM, ECL, EME, XOM, EZPW, FLEX, GAP, GMS, GOOGL, HBI, HQY, HELE, HSIC, HSY, IIIN, INTC, TILE, INTU, JNJ, KMT, KEYS, KSS, LNC, LMT, L, MHO, MTSI, MGY, MRK, MOS, MYGN, NBR, ^IXIC, NFLX, NTGR, NWL, NEU, NOVT, ORI, OTEX, OR, OXM, PKE, PATK, PDCO, PTEN, PYPL, PFE, PPG, PEG, PSTG, KWR, REGN, RGS, ROP, RES, SRE, SHOP, SLGN, TRGP, TECH, TDOC, TEVA, TZOO, TG, VLO, MDRX, VRTX, WU, XEL, IYK, IHE, FXI, QQQ, IEV, ITB, EWO, EWK, EEM, EWI, EWW, EWP, EWL, THD, TUR, QLD, PPA, PEJ, PXJ, PJP, XLY, XLV, XLU, VHT, VIS, MGK. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 2/25/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring United Parcel Service: UPS stock.

$ $ $

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: ABT, ACN, AKAM, ALRM, ALB, AEP, AMWD, APH, ANIK, AAPL, AMAT, ANET, AGO, AVNT, AVA, BECN, BZH, BBY, CALM, CX, CENX, CRL, CLNE, CNX, CMTL, CR, CCRN, DHR, ^DJU, DOV, DUK, EXP, ECL, EME, EXPI, FARO, FLEX, GILD, GPN, GFS, HLIT, HL, HOV, HUBG, IPI, IRM, KSS, LEG, LDOS, MTSI, M, MGY, MAS, MSFT, MLKN, MOS, MYGN, NFG, NKE, JWN, ORI, PKE, PATK, PFE, PPL, PSTG, QTWO, KWR, RRC, REGN, RGS, ROK, ROP, SAIC, SRE, SMTC, SR, SXI, TRGP, TER, TKR, RIG, TRV, TZOO, TG, UNM, VFC, VECO, VRTX, WSO, WMB, IYK, IDU, DDM, IYZ, MXI, ILF, IHI, EWA, EWO, EWK, EWZ, EEM, EWQ, EWW, EPP, EWP, EWD, EWL, THD, TUR, IBB, PPA, DBA, PXJ, PJP, PHO, XLY, XLV, XAR, XLU, VHT, VIS. 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 2/24/25. Market Monday: The Week Ahead

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

My Prediction

As the chart shows (daily scale), the Dow industrials tumbled a bit on Friday, 748 points or 1.7%. Two of three services I checked blamed economic numbers. One said it was Trump's policies beginning to effect the economy.

On the chart, I show a diamond top at A. That has a downward breakout, which happens 54% of the time (in stocks, bull market).

How far will it drop? Line C is the near target. I put it there because it's in the middle of the price congestion to the left.

Point B is another target. If the Dow blows through C, it might stop at B. I drew that line to match the recent low (which is a known support level because it already bottomed there).

Alternatively, we might get a nice bounce upward. Today's drop was overblown, I think, so a snapback rally is possible, if not likely. However, I think C is the best target of the three.

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 243 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AEIS, AMD, ATSG, AKAM, ALRM, ALB, AA, ALGT, DOX, AEE, AEO, AEP, AMWD, APH, ANIK, APA, APOG, AMAT, ARCB, ANET, ARW, AGO, AVNT, AVA, BMI, BECN, BZH, BBY, BAH, CBT, CX, CENX, CHD, GLW, COTY, CR, CTS, XRAY, DDS, DSGR, ^DJU, ^DJT, D, DOV, EXP, EBAY, ECL, EME, EMR, EPAM, EQT, EXPI, FICO, FARO, FISV, FLEX, FORM, FTV, FWRD, FCX, GNW, GPN, GFS, GL, GMS, GGG, THG, HLIT, HE, HL, HELE, HP, HSIC, HNI, HD, HON, DHI, IDA, NSP, IBP, TILE, IPI, IRM, JKHY, KBH, KMT, KMB, LHX, LAMR, LEG, LEN, L, LOW, MTSI, M, MGY, MAN, MAS, MSFT, MLKN, MOS, MLI, MYGN, NBR, NOV, NKE, JWN, NOC, NTNX, OUT, PKE, PCTY, PFE, PPL, PFG, PHM, PSTG, QTWO, KWR, QCOM, RRC, RJF, RGS, RNG, ROK, RCKY, ROG, ROP, RES, SAIA, SAIC, SMG, SMTC, SLGN, SKYW, SCCO, LUV, SWX, SR, TRGP, TGT, TDY, TER, TTD, TMO, TKR, TJX, RIG, TZOO, UIS, UNH, UNM, VFC, VMI, VECO, VRTX, WMT, WAT, WSO, WERN, WPM, WMB, WSM, WWW, IYM, IYK, IYC, IHE, IDU, DDM, FXL, BOTZ, IYZ, IGV, IXC, MXI, ITB, EWA, EWC, ECH, EEM, EWH, EIS, EWI, EWW, EPP, EWD, EWL, TUR, IBB, PPA, DBA, PXJ, PJP, PHO, ROBO, XLY, XHB, XLB, XLU, UNG, VIS. 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 2/21/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 114 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AMD, AKAM, ALB, AEP, AMN, ANIK, APA, ARCB, ANET, ARW, AVA, BMI, BAX, BMRN, BAH, BRKR, CBT, CDNS, CE, CHD, CNX, CMTL, CRH, CCK, CSGS, DVN, ^DJU, EXP, ECL, EME, EOG, EVH, FICO, FARO, FISV, FLS, GNW, GPN, GFS, HTLD, HELE, INTC, IRM, LANC, LEG, L, MTSI, M, MTRN, MOS, OXY, PAYX, PCTY, QTWO, KWR, QCOM, RJF, RGS, ROK, ROL, ROP, SLB, SMG, SEE, TRGP, TTD, TKR, TJX, TOL, TZOO, UIS, UNM, VFC, VLO, VMI, VECO, VRTX, VMC, WSO, WMB, WSM, IYK, IDU, SLV, EWO, EEM, EWM, EWW, EWP, THD, TUR, PPA, PXJ, PJP, ROBO, XLE, XRT, VIS. 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 2/20/25. Intraday Market Direction: Nasdaq

$ $ $

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

At B, we see the index making a chart pattern called a rising wedge. Those breakout downward 60% of the time in bull markets. This one broke out downward at the right tip.

At A, we see the index in a channel marked by the green line on top and the red trendline on the bottom.

Notice how the slopes of the lower lines on B and A have gentled, for lack of a better word. When a trendline goes from steep to shallow, it's a loss of momentum. It might indicate a trend change.

$ $ $

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: MMM, ANF, AXDX, ADBE, AKAM, ALB, DOX, AEP, ANIK, ANET, ADP, BSET, BBY, BMRN, BCO, BLDR, CDNS, CE, CF, CNX, CMTL, COP, CROX, CSGS, DVN, ^DJU, ^DJT, ^DJI, DTE, EXP, EOG, EXPD, FICO, FARO, FAST, FLS, FTNT, GFS, HSIC, HOLX, DHI, HUM, HURC, INFN, TILE, IRM, KEYS, KFRC, KMB, LAMR, LANC, LEG, RAMP, MTSI, M, MAN, MAS, NEU, OXY, PATK, PDCO, PAYX, PEN, QTWO, KWR, QCOM, RRC, REGN, RGS, RNG, ROP, ^GSPC, CRM, SMG, SCI, SGI, SCS, TRGP, TFX, TXN, TOL, TDG, TZOO, VFC, VECO, VRTX, WSO, WLK, WMB, WSM, WWW, IYK, IHE, IDU, FDN, FXL, IYH, IHF, IEO, IYF, ITB, EWA, EWW, EZA, EWY, TUR, PBE, PXJ, PJP, SSO, XLE, XHB, XLU, UNG, USO, 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.

$ $ $

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 2/19/25. A Look at the Chart Pattern Indicator (CPI)

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

The most recent signal is bullish with a reading of 78.9 out of 100, where below 35 is bearish and above 65 is bullish. I show that with the vertical green bar on the far right of the chart.

If the market were to make a big move down, the green bar could change to red for up to a week. So the green bar might not be as bullish as it appears.

The inset in the far upper center of the chart shows the CPI made a U-shaped turn. Such a gentle turn is unusual. Normally, it's a sharper turn.

If the market were to drop just a bit, we could see the bullish signal change to neutral (white).

My guess as to direction? I thought that overhead resistance would stop an upward advance and it has, with several attempts to rise above the December peak not making much headway. We'll have to see what happens next because I don't have a good feeling as to what will happen.

$ $ $

With cold snap approaching, I came up with a new idea. I've doors that leak air into the house. They have seals which came with the door but with foundation shifting, gaps have appeared.

As a bicycle rider, I took a bad inner tube (it sprung a leak) and cut off the valve. Then I nailed it to the door jam, right over the old seal (the tube is almost as tall as the door. Yippee!). I did that for the top and door knob edges (not bottom or hinge side) of the door.

Worked great! The existing strip was glued or somehow fastened to the door frame, so it would have been tough to remove.

One lesson I learned. Nail on the surface that the door will not press against. If you nail it on the same side as the door presses against, it'll depress the tire enough to allow air infiltration. So nail it on the adjacent side to hold the tire in place.

$ $ $

Here's a symbol list of 139 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, AXDX, ACN, APD, ATSG, AEP, AXP, ANIK, AON, ANET, AZTA, BSET, BAX, BZH, BA, BAH, BRC, CHD, CTAS, CAG, CXW, CRH, CCK, CSGS, CTS, FANG, ^DJU, ELV, EVRG, FDS, FARO, FLS, FTNT, GIS, GL, GOOGL, HE, HSIC, HSY, HUN, ITW, TILE, INTU, IRM, JBLU, KMB, LAMR, LANC, LMT, L, M, MCHX, MAS, MU, MS, NFG, NFLX, NJR, NEU, ORI, ON, ORCL, OUT, OXM, PATK, PNW, POR, PPG, PINC, QTWO, KWR, QCOM, DGX, ROP, R, SAND, SCHW, SHOP, SKYW, SGI, LUV, SR, SSYS, TPR, TRGP, TDOC, TEVA, TJX, RIG, TWLO, UGI, UNH, UNM, VMI, MDRX, VRTX, V, WSO, WEX, WMB, WDAY, XEL, ITA, FDN, QTEC, BOTZ, IXN, EWO, EWK, EEM, EWG, EIS, EWI, EWJ, EWW, EWS, EWY, EWP, EWT, EWU, PPA, PJP, ROBO, 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.

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

Tuesday 2/18/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring United Parcel Service 2: UPS stock.

$ $ $

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, ACN, AA, AEP, AMN, ANIK, AMAT, ARCB, ACGL, ADM, ADP, AVY, AVA, BSET, BKH, BG, CAL, CE, CLS, COR, CENX, CVX, CTAS, CLF, CNX, CGNX, COTY, CR, CRH, CCRN, CMI, FANG, DDS, DFS, ^DJU, D, DOV, EOG, EL, EXPD, FLEX, FTNT, FNV, FDP, GME, GPRO, GGG, GFF, HBI, HL, HP, HUBG, JBHT, IDA, IDXX, INTC, IPAR, IPI, KALU, KFRC, LZB, LAMR, LANC, MTRN, NTGR, NJR, NI, NUS, NVDA, OLN, OTEX, OUT, OXM, PTEN, PLXS, POR, PPL, PINC, KWR, QCOM, ROP, ROST, RGLD, SAND, SHW, STR, SWX, SR, SXI, TRGP, TTD, TMO, TJX, TDG, RIG, TREX, TWLO, VRTX, WPM, WMB, XEL, ZBRA, ITA, IYK, IHE, IDU, FTEC, QTEC, FXI, ICF, IYH, IXN, ILF, SOXX, EWO, EWK, EEM, EWQ, EWH, EWI, EWW, EZA, EWY, EWP, EWU, QLD, PJP, PHO, XLV, XHB, XLI, XLK, XLU, UNG, SMH, 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.

$ $ $

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)

Friday 2/14/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 149 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, A, ATSG, ALK, AA, ALGT, AMED, AEP, AMN, ANIK, AR, AON, AGO, ADP, AVY, AVA, BIO, BIIB, BCO, CE, COR, CNC, CENX, CVX, CSCO, CLNE, CNX, CSGP, CR, CCRN, CMI, FANG, ^DJU, D, DOV, EXPD, FARO, FIVN, FLEX, FORM, FCX, GME, GNW, GPN, GPRO, GGG, GFF, HBI, THG, HSII, HNI, HUM, ITW, INCY, INTC, IPI, JBLU, JNJ, KMT, KMB, LHX, LZB, LAMR, RAMP, MGY, NBR, NFG, NTGR, NUS, NVDA, OMCL, OR, PTEN, PAYX, KWR, QCOM, DGX, RMBS, RGS, ROP, RGLD, SAND, SAIC, SR, SPSC, SXI, TPR, TRGP, TXN, TTD, TMO, TDG, TWLO, UGI, VRTX, WMB, WWW, ZBRA, ITA, IAI, IYK, IDU, FTEC, FDN, QTEC, FXL, IYZ, IEV, MXI, IXN, ILF, EWO, EWK, EWQ, EWG, EWW, EWY, EWD, EWL, QLD, IBB, PPA, DBA, PBE, PEJ, PJP, XLK, XLU, UNG, SMH, 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 2/13/25. Intraday Market Direction: Nasdaq

$ $ $

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

Two chart patterns come to mind when I drew trendlines. The first, at A, is a up-sloping channel. Because they are sloping upward, they breakout downward most often (because it takes extra thrust to push the index above the top of the channel and it's easier to drop).

The second pattern is at B and it's called a descending broadening wedge. Those are rare but also harder to spot. They breakout upward 72% of the time, just as this one did.

Price has been sliding along the top trendline for about two weeks now. The chart pattern indicator has turned bearish and remains so. That suggests the market is weak and is going to fall. That notion is probably right for the daily charts. I don't know about intraday, though. This looks like it is going to rise tomorrow. That's a guess...

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Here's a symbol list of 172 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AYI, AEIS, A, APD, AA, AEO, AEP, ANIK, AMAT, AGO, ATO, AZTA, BALL, BAX, BZH, BERY, BIO, BIIB, BR, BLDR, CDNS, CPB, CLS, COR, CNP, CENX, CF, CVX, CHD, CNX, CMCO, CMTL, CSGP, COST, COTY, CCRN, CTS, CMI, ^DJU, DOV, EXP, EME, EXPI, FLEX, FNV, GAP, IT, GILD, GPN, GFS, GPRO, GGG, HBI, HE, HSII, HSIC, DHI, IBP, TILE, IPG, IPI, INTU, IRM, KFRC, KMB, LHX, LZB, LDOS, LLY, L, LOW, MTSI, MAS, MTRN, MU, MYGN, NFLX, NTGR, NTAP, NVDA, OMCL, OTEX, OR, PKG, PTEN, PCTY, PLXS, PEG, PSTG, KWR, QCOM, DGX, RGS, RNG, ROL, ROP, RGLD, SAND, NOW, SHW, SXI, TPR, TRGP, TGT, TDC, TER, TEVA, TTD, TMO, TOL, TREX, VRTX, WMT, WAT, WPM, WMB, WSM, WWW, WDAY, IYK, IYC, IHE, IDU, FTEC, FXL, FXI, BOTZ, IYZ, IXN, SOXX, ITB, EWO, EWK, ECH, EIS, EWM, EWW, EWP, EWT, TUR, EWU, QLD, PBE, PEJ, PJP, PHO, XLY, XHB, XLK, XLU, 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 2/12/25. A Look at the Chart Pattern Indicator (CPI)

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

After hovering in the neutral zone (white bars) for four times as long as in the bearish bars (red), the CPI turned to red again. That's the red bar on the far right of the chart.

Hidden beneath the bars is the signal line. That's the thin blue one at the bottom of the chart. I pasted an inset of the CPI on the top left of the chart for your viewing pleasure.

The indicator dropped to 29.3, which is bearish (below 35 is bearish). This reading suggests the index is going down, but it's not known for how long it might drop or even if it'll drop. Signals can change for up to a week, but it suggests weakness.

$ $ $

Here's a symbol list of 135 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AES, ALRM, ALB, AA, ALKS, AEP, ANIK, APA, AMAT, ARCB, ACGL, AWI, AVA, AZTA, CACI, CDNS, CALM, COR, CENX, CVX, CHD, CINF, CNX, CTSH, CMCO, CMTL, CXW, CCRN, CMI, CW, DOV, ELV, EME, EPAM, EVH, EXC, EXPI, FIS, FLEX, FLS, FNV, GE, GPN, GPRO, GGG, GFF, HLIT, HQY, HSY, JBHT, IDA, ILMN, INCY, INFN, IBKR, IPG, IPI, IRM, LZB, LANC, LDOS, LEN, MRTN, META, MU, MUR, NFG, NTGR, NVDA, OMC, OR, PTEN, PETS, PSTG, QCOM, DGX, REGN, ROP, SAIA, CRM, SAIC, SEIC, SRE, SCI, SPSC, SXI, SNPS, TRGP, TDY, TEVA, TMO, TZOO, UNM, VRTX, VC, WDAY, XEL, ITA, IYK, IDU, DDM, FTEC, ICF, IEV, IXN, SOXX, EWO, EWK, EWQ, EWG, EWH, EWI, EWP, EWT, EWU, QLD, IBB, PBE, PJP, XLY, XLK, XLU, UNG, 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.

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

Tuesday 2/11/25. Slider Trading Quiz!

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I show another slider trading quiz featuring United Technologies: UTX stock.

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Here's a symbol list of 103 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ALB, ALKS, AEE, AEP, ANIK, APOG, AIZ, BSET, BAX, BBY, BMRN, BKH, BA, BMY, CE, CENX, CMCO, COP, CSGP, COTY, EG, XOM, FDS, FIS, FLEX, FTNT, FTV, FNV, GAP, GIS, GPRO, GES, HBI, HUM, JBHT, HURC, ILMN, IBKR, INTU, KMB, KSS, LANC, LOW, MANH, MLM, MTRX, MS, NWL, NI, NWPX, OR, OMI, PKG, PETS, PGR, KWR, QCOM, DGX, REGN, RGA, ROK, ROP, ROST, SAND, SLB, SMTC, STR, SKX, SKYW, SO, TRGP, TDY, TTD, TMO, TSCO, TZOO, UGI, UNM, VRTX, WU, WWW, WWD, WDAY, XEL, IAI, IYK, IYE, IDU, FXI, IAT, IXC, IGE, IYF, EIS, PPA, PBE, PJP, PHO, XLF, GLD, XLU. 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 2/10/25. 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. It's busy, so let's go through it by the numbers and the letters.

123 is a confirmed triple bottom chart pattern. You might consider this a three rising valleys chart pattern. Whichever you pick, it's a bullish pattern.

The index climbed to form a flag at A. This pattern broke out downward to make a fourth bottom at, well, 4.

Looking ahead, I'd anticipate 4 finding a bottom right where it is. There's support setup by bottoms 123. Indeed, the index bounced off 4 and climbed.

Looking back, we see a unconfirmed double top at BD. I write unconfirmed because the index didn't close below horizontal red line C.

What does that mean? The twin peak pattern is just squiggles on a price chart. The index climbed from the low near the red line to the highest peak on the chart. The rise is a warning about waiting for confirmation.

E is another double top, which did confirm as a valid chart pattern. The index dropped to F before recovering. Twin peak E is how a double top is supposed to act (meaning price drops after confirmation).

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 185 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, ADTN, A, ALB, ALKS, AEP, ANIK, ATR, ASH, BMI, BZH, BMRN, BA, BKNG, BMY, CBT, CDNS, CNC, CINF, CTAS, CLF, CMCO, COP, CXW, CSGP, COTY, EMN, EMR, EPAM, EFX, EVH, EXC, FIS, FIVN, FLEX, FLS, FMC, FTNT, FTV, FNV, FCX, GAP, GPRO, HBI, HL, HP, HSIC, HNI, HOLX, HON, DHI, HWM, IEX, ILMN, IIIN, PODD, INTU, JNJ, KALU, KBH, KSS, MGY, MCHX, MRTN, MLM, MA, MTRN, MSFT, MS, NTGR, NWL, NKE, NWPX, NUS, NTNX, OR, OMI, PKG, PANW, PKE, PCTY, PETS, PNW, POR, PFG, PGR, PEG, QTWO, QCOM, DGX, RMBS, REGN, RLI, RCKY, ROP, ROST, RGLD, RES, SAIA, CRM, SAND, SEIC, SMTC, NOW, SHOP, SLGN, LUV, SWX, SXI, SNPS, TRGP, TXN, TXT, TSCO, RIG, TZOO, UIS, UNM, VMI, VEEV, VRSN, VRTX, WMT, WU, WWW, WWD, WDAY, XEL, IEZ, IHE, FTEC, FDN, QTEC, FXI, QQQ, ICF, IAT, IEV, IGV, MXI, IXN, SOXX, SLV, IGE, IEO, IYF, ITB, EWZ, EEM, EWQ, EWH, EPP, EWS, EWP, EWD, EWT, QLD, PXJ, PJP, SSO, XLE, XLF, XLI, SPY, XLK, SMH, VIS, VAW, 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 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 2/7/25. Pattern Trading Setups for the Weekend.

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: ATSG, AKAM, ALRM, ALB, AEP, AMGN, ANIK, AR, AON, ATR, ARW, AVY, BMI, BKH, BA, BRKR, CX, CNC, CDAY, CHKP, CHD, CLF, ED, CXW, COST, CRH, CSGS, DSGR, EMN, EIX, EMR, EFX, EQT, EVH, XOM, EZPW, FFIV, FICO, FARO, FIVN, FLS, FORM, FTNT, FNV, GME, GAP, GL, GPRO, HBI, THG, HE, HSIC, JBHT, IIIN, JKHY, JNJ, KLAC, LANC, LEG, MGY, MANH, MTRX, MSFT, MUR, NOV, NTGR, NEU, NTNX, NVDA, OLN, ON, OMI, PKE, PCTY, PNW, POR, PRU, PEG, QCOM, DGX, RRC, RJF, ROP, ROST, RES, SBH, SCHW, SAIC, SMG, SEE, SRE, SHOP, SLGN, STR, SCCO, SWX, SR, SPSC, SXI, SCS, TPR, TRGP, TGT, TDY, TPX, TTD, TJX, TSCO, UHAL, UNM, VRTX, WRB, WAT, WERN, WU, WEX, WMB, WSC, WWW, ZBRA, IAI, IYE, IEZ, IDU, IYZ, IEV, MXI, ILF, SLV, IGE, IEO, IYF, ITB, EWO, EWK, EWQ, EWG, EWI, EWJ, EPP, EZA, EWP, EWD, THD, PBE, PJP, XLP, XLE, XLF, XLU, MGK. Click this link for details (pattern type, start and end dates).

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

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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 2/6/25. Intraday Market Direction: Nasdaq

$ $ $

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

I drew a trendline under price action, beginning from the left to the right so that it skimmed most, but not all, valleys and peaks.

The line shows that recent price action is hovering just below the line.

Trend lines are indications of resistance. That means price may struggle to pierce that resistance. Resistance isn't a single price, but often a range or area of prices. Sometimes the stock will rise just above resistance or fall short of it (as in this case).

Often, once the index has cleared (risen above) the resistance, it soars and the line then acts as support should the index drop and return to (or near) the line. You can see this behaviour where the valleys to the left of Monday's gap found support at the red line and recently the line has acted as resistance to the upward move.

What does this mean for upcoming price movement? Hard to tell. Intraday movement isn't as easy to predict as daily or weekly movement. The struggle to pierce the line will see the index climb above the line...eventually.

It could happen tomorrow (Thursday) or it could take several more days, but I'm confident it will happen.

$ $ $

Here's a symbol list of 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADTN, AMD, AES, ATSG, AKAM, ALB, ALKS, ALGT, AEE, AEP, ANIK, ADM, ARW, AVA, AXS, BERY, BIO, BMRN, BKH, BAH, BCO, BLDR, CPB, CDAY, CLNE, CLX, CNX, CMTL, GLW, CCRN, CCK, DDS, DFS, DSGR, ^DJU, DOV, DTE, BOOM, EMR, EL, FISV, FIVN, FMC, FTNT, FNV, GME, GAP, HLIT, HTLD, HP, HSIC, HOV, JBHT, HURC, IEX, NSP, IIIN, ITGR, JNJ, KBH, KMT, LZB, LEG, LLY, MAN, MKTX, MTRN, MRCY, NBR, NOV, NEE, NI, JWN, NTNX, OMI, PKE, PATK, PTEN, PEN, PRU, QTWO, QCOM, DGX, RRC, RJF, REGN, RLI, ROP, RGLD, RES, SAND, SAIC, SIGI, SRE, STR, SPSC, SCS, SSYS, TRGP, TECH, TDC, TXT, TOL, TSCO, TZOO, TG, UNM, VRSN, VRTX, WPM, WSC, IYK, IHE, IDU, IEV, ITB, EWQ, EWG, EWH, EIS, EWM, EWY, EWP, EWL, THD, TUR, EWU, PJP, XLP, GLD, 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.

$ $ $

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 2/5/25. A Look at the Chart Pattern Indicator (CPI)

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

The CPI sits at 45, which is neutral. The chart reflects this by the vertical white bar on the far right of the chart.

The inset on the upper left of the chart shows the CPI dropping for about 2 weeks now, and then bouncing off the bottom. That changed a bearish signal to neutral. If the uptrend continues, look for a bullish reading.

Will it get there? Probably, but it could depend on politics and what damage the leaders do, or intend to do, to our economy.

$ $ $

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: DDD, AYI, ADTN, AEIS, A, AKAM, AA, AEP, APA, ADM, ADSK, BALL, BAX, BFH, BRKR, BBW, CAL, CPB, CE, CX, CNC, CDAY, CF, CVX, CLNE, CLX, CNX, GLW, COTY, CRH, CROX, CCK, CTS, DDS, EL, EXPI, FICO, FARO, FISV, FIVN, FLEX, FMC, GAP, GPRO, HTLD, HP, HUBG, ITW, ISRG, KMT, KFRC, LHX, LLY, LXU, M, MGY, MANH, MTRN, MTRX, MLI, NOV, NEU, JWN, NWPX, ON, OR, OMI, PANW, PKE, PTEN, PYPL, PPG, PINC, KWR, QCOM, DGX, RL, RJF, RCKY, ROP, SAND, SLB, STR, SXI, SSYS, TRGP, TDOC, TTD, TSCO, RIG, VRSN, VRTX, VC, WPM, WSC, IYE, IHE, FTEC, QTEC, IAT, IGV, IXN, SLV, IGE, EWA, EWO, EWS, EWT, THD, PXJ, SSO, XLE, XLV, XLB, XRT, VHT, MGK. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 2/4/25. 2025 Forecast Update

$ $ $

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

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Here's a symbol list of 217 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACIW, AEIS, AMD, AES, APD, AKAM, ALB, AA, ALGT, ALL, AEO, AEP, APH, AON, APA, APOG, ATR, ASH, AVY, BZH, BERY, BMRN, BKH, BMY, BBW, CAL, CE, CX, CDAY, CF, CLF, CTSH, CXW, COTY, CMI, DHR, DECK, DSGR, ^DJT, ^DJI, D, DUK, EXP, EVRG, EVH, FDX, FLEX, FMC, FWRD, FNV, FDP, FRD, GME, IT, GNW, GPN, GS, GPRO, HLIT, HTLD, HELE, HP, HWM, HUN, IDXX, INTC, IBKR, JAZZ, KALU, KBH, KELYA, KFRC, KSS, LEN, LLY, LOW, MHO, M, MGY, MANH, MRTN, MA, MRK, META, MGEE, MLKN, MOS, NFG, NOV, NWPX, NUS, NVDA, OXY, OLN, OMCL, ON, OR, OMI, PANW, PKE, PTEN, PCTY, PFE, PLXS, PPG, PG, PRU, QTWO, QCOM, DGX, RL, RJF, RTX, RGS, RNG, ROK, ROG, ROP, ^GSPC, SAIA, SAND, SLB, SEE, SCI, SHW, SLGN, SR, SPSC, SXI, SSYS, TRGP, TGT, TDOC, TPX, TDC, TXT, TTD, TZOO, UGI, UIS, UPS, UNH, VRSN, WRB, WMT, WU, WLK, WEX, WPM, WSC, WWW, ZBRA, IYE, IHE, IDU, DDM, FTEC, BOTZ, IHF, IXN, IEO, EWC, EEM, EWH, EWW, EPP, EWS, EWY, EWT, THD, TUR, PEJ, PXJ, PJP, SSO, XLY, XLP, XLE, XLF, XLV, SPY, XLK, VHT, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Tuesday 2/4/25. 2025 Forecast Update

$ $ $

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

$ $ $

Here's a symbol list of 217 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACIW, AEIS, AMD, AES, APD, AKAM, ALB, AA, ALGT, ALL, AEO, AEP, APH, AON, APA, APOG, ATR, ASH, AVY, BZH, BERY, BMRN, BKH, BMY, BBW, CAL, CE, CX, CDAY, CF, CLF, CTSH, CXW, COTY, CMI, DHR, DECK, DSGR, ^DJT, ^DJI, D, DUK, EXP, EVRG, EVH, FDX, FLEX, FMC, FWRD, FNV, FDP, FRD, GME, IT, GNW, GPN, GS, GPRO, HLIT, HTLD, HELE, HP, HWM, HUN, IDXX, INTC, IBKR, JAZZ, KALU, KBH, KELYA, KFRC, KSS, LEN, LLY, LOW, MHO, M, MGY, MANH, MRTN, MA, MRK, META, MGEE, MLKN, MOS, NFG, NOV, NWPX, NUS, NVDA, OXY, OLN, OMCL, ON, OR, OMI, PANW, PKE, PTEN, PCTY, PFE, PLXS, PPG, PG, PRU, QTWO, QCOM, DGX, RL, RJF, RTX, RGS, RNG, ROK, ROG, ROP, ^GSPC, SAIA, SAND, SLB, SEE, SCI, SHW, SLGN, SR, SPSC, SXI, SSYS, TRGP, TGT, TDOC, TPX, TDC, TXT, TTD, TZOO, UGI, UIS, UPS, UNH, VRSN, WRB, WMT, WU, WLK, WEX, WPM, WSC, WWW, ZBRA, IYE, IHE, IDU, DDM, FTEC, BOTZ, IHF, IXN, IEO, EWC, EEM, EWH, EWW, EPP, EWS, EWY, EWT, THD, TUR, PEJ, PXJ, PJP, SSO, XLY, XLP, XLE, XLF, XLV, SPY, XLK, VHT, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Monday 2/3/25. Market Monday: The Week Ahead

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

My Prediction

At A, we see a nicely shaped broadening top chart pattern. I extended the bottom line to see how it matched recent price action.

A broadening top breaks out downward 40% of the time, which is what happened here at the lower end of the red trendline.

After that, the index bobbled up and down, eventually forming a potential head-and-shoulders top. I've identified the left shoulder (LS) and right one (RS). The index has to drop to B and close below the green line to signal a downward breakout. A breakout would confirm the pattern as valid. Otherwise, it's just squiggles on the price chart.

The picture is bearish and with Trump threatening action (tariffs) against our allies, it'll be bad for the US and bad for the markets.

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 160 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, ADBE, AEIS, AMD, AKAM, ALB, AA, ALGT, ALL, AEO, AEP, AMGN, APH, AR, APOG, AAPL, BMI, BCPC, BAX, BZH, BMRN, BBW, CF, CVX, CLNE, CLF, CL, CMTL, CCRN, CSGS, CMI, DECK, XRAY, ^DJT, ^DJI, DOV, DUK, BOOM, XOM, EZPW, FDX, FLEX, FTNT, FWRD, FRD, GMS, GS, GOOGL, GPRO, GFF, THG, HIG, HP, HWM, HUBG, INCY, IBP, INTC, JAZZ, KALU, K, KELYA, KSS, LANC, LLY, M, MGY, MSFT, MUR, NOV, NWPX, NUS, OXY, OLN, OMCL, ASGN, OR, PANW, PDCO, PTEN, PYPL, PETS, PFE, PPG, PGR, QTWO, QCOM, DGX, RJF, RNG, RHI, ROP, ^GSPC, SAND, SLB, SEIC, SCI, SHW, SKYW, TRGP, TDOC, TDC, TXT, TTD, UPS, VLO, MDRX, VRTX, WU, WEX, WPM, WMB, WSM, IYE, IEZ, IHE, DDM, FTEC, BOTZ, IXN, SLV, IGE, IEO, ITB, EWC, EEM, EWH, EWM, EPP, EWS, EWP, EWT, THD, PEJ, PXJ, PJP, SSO, XLE, XLF, XLV, SPY, XLK, VHT, 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 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)