Bulkowski's Blog: ThePatternSite.com
As of 02/25/2026
  Indus: 49,482 +307.65 +0.6%  
  Trans: 19,320 -124.84 -0.6%  
  Utils: 1,181 +2.88 +0.2%  
  Nasdaq: 23,152 +288.40 +1.3%  
  S&P 500: 6,946 +56.06 +0.8%  
YTD
 +3.0%  
 +11.3%  
 +10.6%  
-0.4%  
 +1.5%  
  Targets    Overview: 02/13/2026  
  Up arrow50,500 or 48,300 by 03/01/2026
  Up arrow20,200 or 18,150 by 03/01/2026
  Up arrow1,250 or 1,125 by 03/01/2026
  Up arrow24,750 or 22,000 by 03/01/2026
  Up arrow7,250 or 6,600 by 03/01/2026
As of 02/25/2026
  Indus: 49,482 +307.65 +0.6%  
  Trans: 19,320 -124.84 -0.6%  
  Utils: 1,181 +2.88 +0.2%  
  Nasdaq: 23,152 +288.40 +1.3%  
  S&P 500: 6,946 +56.06 +0.8%  
YTD
 +3.0%  
 +11.3%  
 +10.6%  
-0.4%  
 +1.5%  
  Targets    Overview: 02/13/2026  
  Up arrow50,500 or 48,300 by 03/01/2026
  Up arrow20,200 or 18,150 by 03/01/2026
  Up arrow1,250 or 1,125 by 03/01/2026
  Up arrow24,750 or 22,000 by 03/01/2026
  Up arrow7,250 or 6,600 by 03/01/2026

February 2026 Headlines

Archives


Thursday 2/26/26. A look at Bitcoin (BTC-USD)

The Nasdaq climbed by 1.3% or 288.4 points. Since 02/05/1971 the Nasdaq made 178 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 113 occasions.
     Average loss was -1.0% on 65 occasions.
Expect the Nasdaq to close higher 63.5% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/556 or 54.7% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 or 47.8% of the time.

$ $ $

Picture of bitcoin.

I show a picture of bitcoin on the daily scale.

The cryptocurrency has struggled over the past year. According to yahoo, it's down 23% over that period and down 22% so far this year.

Let's look at some of the chart patterns shown in the chart, starting with AB, which is a double top. Line C is the confirmation line. When the coin closed below the line, it confirms the double top as valid. In this case, the coin (currency, really) only dropped to D, so the bearish pattern was a dud.

To the right of that, we see a head-and-shoulders top. I show that as LS (left shoulder), head, and right shoulder (RS). The coin made a substantial drop after this pattern confirmed. Confirmation happens when the coin closes below the low price posted between the head and right shoulder.

In green is another head-and-shoulders top, but it's not perfect. The right shoulder looks as if it has a birth defect. It's too far below the left shoulder, but in the markets, it's rare to find a perfect looking pattern. Regardless, the pattern confirms (closes below the green line) and the coin made a nice drop to 1 (so far).

Now, it appears the coin is forming a base, the sideways move fron the February low. There's the potential of a double bottom forming. You have two valleys (1, 2). If the coin closes above the red line, it would confirm the double bottom and suggest, but not guarantee, that the price of the currency will rise.

Alternatively, the coin could drop below support and plunge.

$ $ $

Here's a symbol list of 175 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACH, ADBE, AMD, AKAM, ALK, ALB, ALKS, AXP, AMN, APOG, AMAT, ARCB, ADM, AWI, ASH, ADP, BMI, BSET, BZH, BRC, BLDR, BG, CE, CNP, CRL, CVX, CI, CLNE, CMTL, CAG, COP, GLW, CSGP, CRH, CCRN, CCK, CSGS, DOV, EXP, EMN, EME, EOG, EPAM, EG, FDS, FICO, FAST, FDX, FIS, FORM, FWRD, GD, GL, GGG, GFF, HNI, HD, HON, HOV, HUN, HURC, IEX, IDXX, ITW, INCY, IBP, ISRG, JAZZ, KMB, KLAC, KSS, LH, LRCX, LDOS, LEN, LOW, MRTN, MLM, MTRN, MRK, MLKN, MCO, MOS, MLI, MUR, NFG, NOV, NFLX, NTGR, NUS, NTNX, NVDA, ON, ORCL, OR, PANW, PPG, PPL, PSTG, KWR, RTX, RNG, RCKY, RES, SAIA, CRM, SMG, SHOP, SGI, SR, SNPS, TECH, TDOC, TEVA, TXT, TTD, TOL, RIG, TZOO, TG, UHAL, UPS, VECO, VMC, WAT, WSO, WERN, WSC, XEL, IYE, FDN, QTEC, BOTZ, IYH, IHF, IAT, IEV, IXN, SOXX, SLV, IEO, EWA, EWO, EWZ, ECH, EEM, EWG, EWI, EWJ, EPP, EZA, EWY, EWP, EWT, THD, EWU, PBE, PJP, SSO, 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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,400.86    
 Weekly S2  22,093.79  692.93   
 Monthly S1  22,276.47  182.68   
 Weekly S1  22,622.94  346.47   
 Weekly Pivot  22,785.90  162.96   
 Daily S2  22,943.83  157.92   
 Low  23,004.69  60.86   
 Open  23,005.01  0.32   Yes! The Open is close to the Low.
 Daily S1  23,047.95  42.94   
 61.8% Down from Intraday High  23,067.72  19.76   
 50% Down from Intraday High  23,087.19  19.47   
 38.2% Down from Intraday High  23,106.65  19.47   
 Daily Pivot  23,108.82  2.16   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Monthly Pivot  23,132.37  23.55   
 Close  23,152.08  19.71   
 High  23,169.68  17.60   
 Daily R1  23,212.94  43.26   
 Daily R2  23,273.81  60.86   
 Weekly R1  23,315.05  41.24   
 Weekly R2  23,478.01  162.97   
 Monthly R1  24,007.98  529.97   
 Monthly R2  24,863.88  855.90   

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

Picture of the chart pattern indicator

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 is neutral. That shows by the vertical white bar on the far right of the chart, with a value of 59. The tariff issue is pushing around the index.

I show the indicator in the inset on the lower right of the chart. The indicator seems to be range bound as it bounces between the two violet horizontal lines.

The channel formed by the two lines suggests the indicator will rise to the top one. If that happens, it would mean the index is rising again. That rise might not last long, though.

Notice that the length of the top violet line matches the horizontal move of the index. Sooner or later, the horizontal move will breakout either upward or downward. The direction might depend on what Trump does. If he strikes Iran, the index could tumble, especially after Iran retaliates.

$ $ $

Here's a symbol list of 124 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACH, AMD, APD, AKAM, ALB, ALL, AMWD, AMN, AR, ADM, ANET, BSET, BMRN, BRKR, CBT, CPB, CE, CNC, CENX, CRL, CAG, CSGP, CRH, CCRN, CMI, CW, DVN, FANG, BOOM, EQT, EVH, FICO, GME, GE, GIS, GNW, GFS, HQY, HSIC, HOLX, HUN, INTC, IPI, INTU, KEYS, KMB, KSS, LAMR, LEN, LOW, MTDR, MTRN, MTRX, MRCY, MCO, MOS, MUR, MYGN, NFG, NEU, NTNX, ON, OR, OUT, PKE, PEN, PFE, PLXS, PPG, KWR, DGX, RRC, RLI, RHI, ROG, RGLD, SKYW, SR, SPSC, TPR, TXN, TKR, TG, TWLO, VECO, VC, WAT, WSO, WU, WLK, WSC, XEL, ITA, IAI, IYC, BOTZ, IAT, IEV, SLV, EWA, EWK, EWC, EWY, EWL, EWT, PPA, PHO, XLF, XLI, XAR, 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.

-- Thomas Bulkowski

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Tuesday 2/24/26. Slider Trading Quiz!

The Dow dropped by -1.7% or -821.91 points. Since 10/01/1928 the Dow made 117 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.5% on 53 occasions.
     Average loss was -0.9% on 64 occasions.
Expect the Dow to close lower 54.7% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 329/600 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 63/128 or 49.2% of the time.

$ $ $

I show another slider trading quiz featuring Public Service Enterprise Group: PEG (actual trade) .

$ $ $

Here's a symbol list of 148 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, AYI, AFL, ALB, AEO, AMWD, ANIK, AR, APOG, AAPL, ARCB, ANET, ADSK, AVA, BMRN, BFH, BG, CALM, COR, CNC, CINF, CLF, CNX, CMCO, CMTL, GLW, CCRN, CSGS, CTS, DVN, FANG, DSGR, ^DJT, EMR, EQT, EVRG, EZPW, FICO, FISV, FTV, FWRD, FNV, GME, GIS, GFF, THG, HIG, HTLD, HSIC, HNI, HUBG, ITW, NSP, IIIN, PODD, INTU, KBH, KMB, LH, LEG, LLY, RAMP, L, LOW, MAN, MAS, MTDR, MU, NFG, NTGR, NWL, NEE, NWPX, NUS, NTNX, OMC, OTEX, ORCL, OR, OUT, PKG, PCTY, POR, RL, RMBS, RRC, RCKY, RGLD, RES, CRM, SBH, SEIC, SCI, NOW, SGI, SR, SPSC, TOL, TG, UNH, VRSN, VRTX, WRB, WMT, WSO, WU, WPM, WSM, WDAY, XEL, IYC, IHE, FXL, IYH, IAT, IGV, SLV, IGE, IEO, DBA, XLP, XLF, GLD, XLV, UNG, 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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  47,163.67    
 Monthly S1  47,983.86  820.20   
 Daily S2  48,112.89  129.03   
 Daily S1  48,458.48  345.58   
 Weekly S2  48,547.52  89.04   Yes! The Weekly S2 is close to the Daily S1.
 Weekly S1  48,675.79  128.27   
 Low  48,731.46  55.67   Yes! The Low is close to the Weekly S1.
 Close  48,804.06  72.60   Yes! The Close is close to the Low.
 Daily Pivot  49,077.04  272.98   
 61.8% Down from Intraday High  49,099.77  22.72   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High  49,213.54  113.77   
 Monthly Pivot  49,248.33  34.79   Yes! The Monthly Pivot is close to the 50% Down from Intraday High.
 Weekly Pivot  49,286.55  38.22   Yes! The Weekly Pivot is close to the Monthly Pivot.
 38.2% Down from Intraday High  49,327.30  40.75   Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot.
 Weekly R1  49,414.82  87.52   Yes! The Weekly R1 is close to the 38.2% Down from Intraday High.
 Daily R1  49,422.63  7.80   Yes! The Daily R1 is close to the Weekly R1.
 Open  49,536.54  113.91   
 High  49,695.61  159.07   
 Weekly R2  50,025.58  329.97   
 Daily R2  50,041.19  15.61   Yes! The Daily R2 is close to the Weekly R2.
 Monthly R1  50,068.52  27.33   Yes! The Monthly R1 is close to the Daily R2.
 Monthly R2  51,332.99  1,264.46   

Monday 2/23/26. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

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

I show a chart pattern called a cup with handle, highlighted by the red line. I use paintbrush, so the red line doesn't fit as well as I like, but it does pass along the idea of a cup. The handle is the retrace on the far right of the pattern.

The index can drop below the cup bottom and invalidate the pattern, so we'll have to wait and see. An upward breakout would occur when price closes above the right cup lip or high price set in the handle.

In short, the pattern is bullish.

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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.

Tuesday: Up 32.26 points.
Wednesday: Up 129.47 points.
Thursday: Down 267.5 points.
Friday: Up 230.81 points.
Saturday: Holiday or other weird event!

For the Week...

The Dow industrials were up 125.04 points or 0.3%.
The Nasdaq composite was up 339.4 points or 1.5%.
The S&P 500 index was up 73.34 points or 1.1%.

Year to Date...

Dow Industrials
     1.8% down from the high of 50,512.79 on 02/10/2026.
     3.7% up from the low of 47,853.04 on 01/02/2026.
Nasdaq
     4.6% down from the high of 23,988.27 on 01/28/2026.
     2.8% up from the low of 22,256.76 on 02/17/2026.
S&P 500
     1.3% down from the high of 7,002.28 on 01/28/2026.
     2.0% up from the low of 6,775.50 on 02/17/2026.

Options Expiration

No options expire this week.

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  48,945  49,285  49,499  49,840  50,053 
Weekly  48,821  49,224  49,561  49,963  50,300 
Monthly  47,438  48,532  49,522  50,616  51,607 
S&P500 (^GSPC): Daily  6,808  6,859  6,887  6,938  6,967 
Weekly  6,727  6,818  6,867  6,958  7,007 
Monthly  6,669  6,789  6,896  7,016  7,123 
Nasdaq (^IXIC): Daily  22,382  22,634  22,791  23,044  23,201 
Weekly  22,005  22,446  22,697  23,138  23,389 
Monthly  21,312  22,099  23,044  23,831  24,775 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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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 126 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AYI, AFL, ALB, AMWD, AME, AAPL, AGO, BALL, BBY, BFH, BG, CBT, CDNS, CINF, CNX, CMCO, CMTL, ED, GLW, CROX, CCRN, CSGS, ^DJT, EBAY, EMR, EFX, FICO, FISV, FLEX, FLS, FORM, FTV, FWRD, GE, GIS, GS, THG, HIG, HTLD, HNI, HOLX, IDXX, INCY, IBP, INTC, KMB, KLAC, LH, LEG, LLY, RAMP, L, MTSI, M, MLM, MU, MLI, NFLX, NTGR, NWL, OMC, ORCL, OUT, OXM, PATK, PETS, PGR, PSTG, QCOM, RL, RMBS, RNG, RGLD, R, SAIA, SBH, SMTC, SCI, SGI, SCCO, SR, TPR, TGT, TFX, TXT, TJX, TG, TREX, UGI, UNH, VLO, VC, VMC, WMT, WSO, WU, WSC, WWD, XEL, ITA, AIQ, ICF, IAT, IEV, ILF, SLV, IHI, EWQ, EZA, EWY, PPA, DBA, PEJ, PJP, XHB. 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.

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Telecom. Equipment2. Telecom. Equipment
3. Semiconductor3. Semiconductor
4. Oilfield Svcs/Equipment4. Oilfield Svcs/Equipment
5. Metals and Mining (Div.)5. Metals and Mining (Div.)
6. Air Transport6. Air Transport
7. Machinery7. Machinery
8. Trucking/Transp. Leasing8. Trucking/Transp. Leasing
9. Apparel9. Biotechnology
10. Metal Fabricating10. Drug
Best Performing AboveWorst Performing Below
50. Financial Services50. IT Services
51. Medical Services51. Electric Utility (Central)
52. IT Services52. Human Resources
53. Healthcare Information53. Healthcare Information
54. Short ETFs54. Internet
55. E-Commerce55. Advertising
56. Investment Co. (Domestic)56. E-Commerce
57. Internet57. Short ETFs
58. Information Services58. Investment Co. (Domestic)
59. Computer Software and Svcs59. Information Services
60. Human Resources60. Computer Software and Svcs

-- Thomas Bulkowski

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Friday 2/20/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 134 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACH, ACN, ACIW, AYI, ADBE, ADTN, ALK, ALB, ALL, AMWD, APH, APA, AAPL, ARCB, ANET, BMI, BMRN, BA, BFH, CDNS, COR, CHKP, CVX, CINF, CSCO, CLF, CLX, CL, CMCO, COP, CXW, COTY, CCRN, CTS, CMI, XRAY, EBAY, EMR, EOG, EPAM, EQT, FFIV, FICO, FISV, FLS, FTNT, FTV, FWRD, GME, GAP, GE, GIS, GILD, GS, THG, HLIT, HP, HSIC, HNI, HD, HUBG, IDA, INCY, IIIN, INTC, KMB, LEG, LNC, RAMP, LMT, MGY, MLM, MTDR, META, MU, MUR, NTGR, NKE, NOC, NUS, OXY, OMC, ASGN, OTEX, OUT, PATK, PTEN, PEN, PETS, PCG, POR, PGR, KWR, RL, RMBS, RRC, RGS, RES, SAIA, SBH, SIGI, SCI, SGI, SO, SR, TEVA, TMO, TSCO, TG, UNH, VFC, VEEV, WAT, WSO, WU, WPM, WSC, XEL, IYE, IAT, IXC, IEO, EWA, EWZ, THD, PBE, PXJ, PHO, XLE, USO, 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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AEODouble Bottom, Eve and Adam      01/29/202602/05/2026Apparel
BSETDouble Top, Adam and Adam      02/05/202602/12/2026Furn/Home Furnishings
BLDRDouble Top, Eve and Eve      01/16/202602/12/2026Retail Building Supply
CENXBroadening top      01/13/202602/13/2026Metals and Mining (Div.)
CLFDouble Top, Eve and Eve      01/26/202602/03/2026Metals and Mining (Div.)
CMCOPipe top      02/02/202602/09/2026Machinery
CAGDouble Top, Adam and Eve      02/05/202602/12/2026Food Processing
^DJUCup with handle      10/16/202502/17/2026None
EXPPipe bottom      01/26/202602/02/2026Cement and Aggregates
EPAMDead-cat bounce      02/19/202602/19/2026IT Services
GEPipe bottom      01/20/202601/26/2026Diversified Co.
GISDouble Top, Eve and Eve      02/05/202602/12/2026Food Processing
GPNDouble Bottom, Adam and Eve      02/03/202602/12/2026Computer Software and Svcs
HLITDouble Bottom, Adam and Eve      01/09/202602/05/2026Telecom. Equipment
HSICBroadening top      12/15/202502/12/2026Medical Supplies
PODDDouble Bottom, Adam and Eve      02/06/202602/13/2026Medical Supplies
LHXDouble Bottom, Eve and Eve      02/02/202602/11/2026Aerospace/Defense
LRCXBroadening top      01/15/202602/05/2026Semiconductor Cap Equip.
LAMRDouble Bottom, Eve and Adam      01/06/202602/03/2026Advertising
METAPipe top      01/26/202602/02/2026E-Commerce
NBRDouble Bottom, Adam and Adam      02/02/202602/12/2026Oilfield Svcs/Equipment
NEUDouble Top, Eve and Eve      01/12/202602/10/2026Chemical (Specialty)
NKEDouble Bottom, Eve and Adam      02/03/202602/12/2026Shoe
OMCDouble Bottom, Adam and Eve      02/04/202602/12/2026Advertising
RLPipe bottom      02/02/202602/09/2026Apparel
RRCUgly double bottom      01/15/202602/03/2026Petroleum (Producing)
TFXThree Rising Valleys      01/20/202602/12/2026Diversified Co.
UNMDouble Bottom, Adam and Adam      02/06/202602/12/2026Insurance (Diversified)
VECODead-cat bounce      02/18/202602/18/2026Precision Instrument
WATDouble Top, Eve and Adam      11/25/202501/06/2026Precision Instrument

 

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Thursday 2/19/26. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.8% or 175.25 points. Since 02/05/1971 the Nasdaq made 440 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 291 occasions.
     Average loss was -0.8% on 149 occasions.
Expect the Nasdaq to close higher 66.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/555 or 54.8% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 or 47.8% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

I highlight a chart pattern called a complex head-and-shoulders bottom. This one has a dual head, left and right shoulders.

It confirms as a valid pattern when the index closes above the red neckline. I show that as the breakout. A throwback appears when the index returns to or comes close to the breakout price.

The chart pattern is bullish and we can see the index moving higher, about 200 points above the breakout.

$ $ $

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: MMM, ABT, ACH, ACIW, AYI, ADTN, AES, ALB, AA, AMZN, AMWD, AMN, AAPL, ANET, ASH, BAX, BBY, BIIB, BA, BRC, BFH, BLDR, CDNS, CPB, CF, CVX, CHD, CINF, CL, CMCO, CSGP, CRH, XRAY, DUK, EMN, EMR, XOM, FICO, FDX, FISV, FLS, FTV, FWRD, FRD, GD, GIS, GILD, GL, GS, HELE, HP, HNI, HUBG, INCY, TILE, IPI, JNJ, KEYS, KMB, KLIC, LEG, LLY, LNC, RAMP, MHO, MAN, MKTX, MGEE, MU, MSFT, MCO, MS, MUR, MYGN, NBR, ^IXIC, NTGR, NJR, NWPX, ORI, ASGN, OUT, PATK, PTEN, PETS, PNW, PPG, PGR, KWR, RL, RMBS, RGS, ROG, RES, SAIA, SBH, SLB, SCHW, SAIC, SEE, SIGI, SCI, SLGN, SGI, SR, SNPS, TPR, TRGP, TER, TJX, TG, TREX, UNH, VMI, VECO, VC, WSO, WU, WLK, WSC, WWD, XEL, IYM, IAI, IDU, FXL, ICF, IYH, IAT, IXC, SLV, IGE, EWP, EWU, PBE, PXJ, SSO, XLP, GLD, XLU, UNG, USO, VAW, 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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,462.20    
 Weekly S2  21,907.30  445.10   
 Monthly S1  22,107.92  200.61   
 Weekly S1  22,330.47  222.55   
 Daily S2  22,450.93  120.46   
 Low  22,597.77  146.84   
 Daily S1  22,602.28  4.51   Yes! The Daily S1 is close to the Low.
 Open  22,629.85  27.57   Yes! The Open is close to the Daily S1.
 61.8% Down from Intraday High  22,711.68  81.83   
 50% Down from Intraday High  22,746.87  35.19   
 Daily Pivot  22,749.12  2.25   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  22,753.63  4.51   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  22,782.05  28.42   Yes! The 38.2% Down from Intraday High is close to the Close.
 Weekly Pivot  22,825.54  43.49   
 High  22,895.96  70.42   
 Daily R1  22,900.47  4.51   Yes! The Daily R1 is close to the High.
 Daily R2  23,047.31  146.84   
 Monthly Pivot  23,048.09  0.78   Yes! The Monthly Pivot is close to the Daily R2.
 Weekly R1  23,248.71  200.61   
 Monthly R1  23,693.81  445.10   
 Weekly R2  23,743.78  49.98   
 Monthly R2  24,633.98  890.20   

Wednesday 2/18/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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.

It might be hard to tell from the chart, but there's a white vertical band as the most recent signal. The CPI is neutral at 45.5.

The inset shows how the indicator has been wobbling around for two months now, mostly staying in the neutral to bullish area.

I drew a line under the CPI valleys to check the alignment. It appears that the line is one of support. Based only on this, it suggests the CPI will vault upward (maybe one more down day). Hopefully, the index will follow by rising.

$ $ $

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: ACH, ACN, ACIW, ADBE, A, APD, ALL, AR, ASH, AGO, BALL, BAX, BIIB, BOOT, BAH, BRC, BRKR, CPB, CNC, CHD, CINF, CLX, CNA, CTSH, CL, COP, COTY, DHR, DDS, EMN, EPAM, FIS, FIVN, GPN, HLIT, HIG, HOLX, HD, HURC, IBP, ISRG, JAZZ, KMB, KSS, LHX, LDOS, LLY, L, LPLA, MHO, MKTX, MTRX, MDT, MGEE, MLKN, NI, NWPX, NUS, ORI, PATK, PAYX, PPG, PFG, QTWO, RTX, ROL, ROP, CRM, SLB, SHW, SLGN, SGI, LUV, SR, TGT, TFX, MZTI, TDG, TREX, UNM, VFC, VRSN, WSO, WU, WWD, WDAY, XEL, IYK, IYC, IYE, IYH, IXC, SLV, EWH, EWM, EWS, EWP, THD, PEJ, XLP, XLE, XLV, UNG, 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

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Tuesday 2/17/26. Slider Trading Quiz!

The Dow climbed by 0.1% or 48.95 points. Since 10/01/1928 the Dow made 1444 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.5% on 741 occasions.
     Average loss was -0.6% on 703 occasions.
Expect the Dow to close higher 51.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 328/599 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 63/128 or 49.2% of the time.

$ $ $

I show another slider trading quiz featuring Pogo Producing: PPP (actual trade).

$ $ $

I released a new version of Patternz to fix a pattern recognition bug with the Above the Stomach candle pattern.

$ $ $

Here's a symbol list of 93 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AMGN, AAPL, AMAT, ACGL, AWI, BCPC, BZH, BIO, BSX, BMY, BRKR, BLDR, BG, CDNS, CNC, CNP, CHKP, CNX, COP, GLW, DVN, FANG, DDS, DSGR, DUK, EXP, EVH, FORM, HLIT, HSIC, HSY, HUN, HURC, IBP, IIIN, IPAR, IPI, KMB, KSS, LEN, MTSI, MANH, META, MGEE, MUR, NBR, NKE, OLN, ON, ORCL, OXM, PKG, PANW, PCTY, RL, RCKY, CRM, SMG, SRE, SHW, SGI, SR, TXT, TSCO, TRV, TREX, UHAL, UGI, VC, WMT, WSO, WSC, XEL, IYC, IYH, ILF, IEO, EWZ, ECH, EPP, EWS, EWP, XLF, XLV, XRT, 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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  47,395.96    
 Weekly S2  48,270.92  874.96   
 Monthly S1  48,448.45  177.53   
 Daily S2  48,783.46  335.01   
 Weekly S1  48,885.92  102.46   
 Low  49,084.35  198.43   
 Daily S1  49,142.20  57.84   Yes! The Daily S1 is close to the Low.
 61.8% Down from Intraday High  49,336.33  194.13   
 50% Down from Intraday High  49,414.16  77.84   
 Open  49,439.58  25.41   Yes! The Open is close to the 50% Down from Intraday High.
 Daily Pivot  49,443.09  3.51   Yes! The Daily Pivot is close to the Open.
 Monthly Pivot  49,480.62  37.53   Yes! The Monthly Pivot is close to the Daily Pivot.
 38.2% Down from Intraday High  49,492.00  11.38   Yes! The 38.2% Down from Intraday High is close to the Monthly Pivot.
 Close  49,500.93  8.93   Yes! The Close is close to the 38.2% Down from Intraday High.
 Weekly Pivot  49,699.36  198.43   
 High  49,743.98  44.63   Yes! The High is close to the Weekly Pivot.
 Daily R1  49,801.82  57.84   Yes! The Daily R1 is close to the High.
 Daily R2  50,102.71  300.89   
 Weekly R1  50,314.36  211.65   
 Monthly R1  50,533.10  218.74   
 Weekly R2  51,127.80  594.70   
 Monthly R2  51,565.28  437.48   

Saturday Supplement 2/14/26. Invest for Two-Comma Wealth, Second Edition

Picture of 'Invest for two-comma wealth, Second Edition' book.

As I mentioned a few days ago, I released a new edition of my book, "Invest for two-comma wealth, second edition." Below is the table of contents but not all subjects are shown. If this interests you, visit Amazon.com to buy a copy for the low price of $20 (327 pages).

Here's one of the quizzes from the book.

Question 1: Do you have traits common to self-made millionaires?

Answer true or false to each statement.

Score one point for each true response and zero for each false answer. Total your score. The closer your total is to five, the more traits you share with self-made millionaires.

Table of Contents (sorted and not all topics are shown)

Active ETFs
Annuities
Be Cool to Hot Tips
Beating the Market
Best Time to Harvest the Loss
Bitcoin Mining
Bonds Galore
Bottom Fishing
Brokered CDs
Building a Portfolio
Buying Bonds: A Better Way
Buying Checklist
Buying-the-Dip Lessons
Cash
CD Buying Checklist
CD Ladder
Certificate of Deposit (CD)
Choosing a Broker
Cooking Up Winners
Cost of Dating
Crypto versus Stocks and ETFs
Crypto Trading Setup
Cryptocurrencies
EE Savings Bonds
Elevator Stop
Exchange-Traded Funds (ETFs)
Final Thoughts
Fraud and Schemes
Getting Started Making Millions
Gold Mining Stocks
Gold Streaming and Royalty Stocks
Hot and Cold Wallets
Housing
How to Avoid Foreclosure
How to Become a Millionaire
How to Handle a Bear Market
I Bonds
I’m Nearing Retirement. Now What?
In Retirement
Inflation Hedge? Not So Fast
Initial Coin Offerings
IPOs and Exchanges
IPOs and Secondary Offerings
IRA Contributions in Retirement
Leveraged and Inverse ETFs
Liquid CDs
Meme Stocks
Metals in IRA
Millionaire Traits
Money Market Mutual Funds
Mutual Funds
Opening a Brokerage Account
Over-The-Counter Market
Payment for Order Flow
Picking ETFs and Mutual Funds
Plan Table
Planning for Retirement
Portfolio Experiment
Portfolio of Portfolios
Precious Metals and Housing
Precious Metals Ownership
Prepare a Retirement Plan: Expenses
Prepare a Retirement Plan: Income
QLAC: Qualified Longevity Annuity Contract
Reasons to Sell
Refinancing a Mortgage
Required Minimum Distribution (RMD)
Retirement: How Much Money will I Need?
Reverse Mortgage
Scams and How to Avoid Them
Selection Spices
Share Buybacks
SMAs
Smiles and Frowns
Social Security
Spenders and Savers
Taking Stock, ETFs, ETNs, SMAs
Target Date Funds
Tax Loss Harvesting
Tax Planning
Terms: Fees, Penalties, and Risk
The Diversified Portfolio
TIPS (Treasury Inflation-Protected Securities)
Trading Meme Stocks
Transferring Accounts
Treasury Bills
Treasury Bonds
Types of Annuities
Types of Retirement Plans
What to Buy
What’s a Common Stock?
What’s the Cost to Trade?
When a Broker Fails
When to Buy and Sell
Will A Broker Make You Broker?
Will My Savings Last?
Working after Taking Social Security
Zero-Coupon CDs

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Friday 2/13/26. Pattern Trading Setups for the Weekend.

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: ABM, A, ALGT, AEE, AEP, AXP, AME, APOG, AAPL, AMAT, ASH, ATO, ADSK, AVA, BZH, BBY, BCO, BRKR, BLDR, CNP, CRL, CVX, CLF, CGNX, CTSH, CXW, CCK, CMI, XRAY, DSGR, ^DJU, DOV, DUK, EXP, EIX, ELV, EME, EMR, EPAM, EVRG, EXC, EXPI, FFIV, FAST, FTV, FNV, FCX, FRD, IT, GNW, GS, GFF, HTLD, HELE, HSIC, HSY, DHI, HWM, HUN, HURC, IDXX, IBP, ITGR, IPAR, IPI, ISRG, IRM, JKHY, KALU, KMT, KEYS, KMB, KSS, LH, LDOS, LEN, LNC, LXU, MRTN, MLM, MTRN, META, MGEE, MU, MLI, MUR, NWL, NOVT, ORI, OLN, OUT, OXM, PATK, PYPL, PNW, POR, PSTG, DGX, ROST, SAIA, SCI, SHW, SHOP, SKYW, SGI, SCCO, LUV, SPSC, TGT, TDOC, TDY, TER, TXN, TXT, MZTI, TTD, TKR, TDG, TRV, TREX, UHAL, UGI, UPS, UNH, VLO, VECO, VC, WSO, WU, WSC, ZBRA, IYM, IYC, IDU, ICF, IEV, IXN, ILF, SOXX, IYF, EWK, EWZ, ECH, EEM, EWQ, EWJ, EWM, EPP, EWS, EZA, EWD, EWT, THD, TUR, PBE, PEJ, PXJ, SSO, XLY, XLF, XHB, 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

Top

 

 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AYIDouble Bottom, Eve and Eve      01/21/202601/29/2026Furn/Home Furnishings
ALKSDouble Top, Eve and Adam      02/02/202602/10/2026Drug
AMWDDead-cat bounce      02/11/202602/11/2026Building Materials
AMNDouble Top, Adam and Adam      01/15/202602/03/2026Human Resources
APADouble Bottom, Eve and Eve      12/18/202501/07/2026Petroleum (Producing)
AIZDouble Top, Eve and Eve      12/26/202502/06/2026Insurance (Diversified)
AXSDouble Top, Adam and Eve      01/29/202602/05/2026Insurance (Prop/Casualty)
BZHTriple bottom      11/18/202501/30/2026Homebuilding
BLDRPipe bottom      01/26/202602/02/2026Retail Building Supply
CNCHead-and-shoulders top      01/09/202601/26/2026Medical Services
CIDouble Bottom, Eve and Eve      01/20/202601/28/2026Medical Services
CLFDead-cat bounce      02/09/202602/09/2026Metals and Mining (Div.)
CSGPDouble Top, Adam and Adam      01/07/202601/27/2026Information Services
COTYDead-cat bounce      02/06/202602/06/2026Toiletries/Cosmetics
CROXTriple bottom      01/20/202602/11/2026Shoe
CCRNDouble Top, Adam and Eve      01/15/202602/03/2026Human Resources
XRAYDouble Bottom, Eve and Eve      01/13/202602/03/2026Medical Supplies
DDSTriangle, descending      11/20/202502/12/2026Retail Store
DSGRDouble Bottom, Adam and Eve      12/31/202501/29/2026Metal Fabricating
^DJUTriangle, symmetrical      01/15/202602/09/2026None
DTEDiamond top      01/15/202602/09/2026Electric Utility (Central)
ELTriple top      01/13/202602/03/2026Toiletries/Cosmetics
EXCHead-and-shoulders complex bottom      12/11/202502/04/2026Electric Utility (East)
FTNTHead-and-shoulders bottom      01/02/202602/06/2026Computer Software and Svcs
HQYDouble Top, Adam and Adam      01/15/202602/02/2026Healthcare Information
HSICPipe bottom      01/26/202602/02/2026Medical Supplies
HOVUgly double bottom      01/02/202602/02/2026Homebuilding
HUBGDead-cat bounce      02/06/202602/06/2026Trucking/Transp. Leasing
HURCTriple bottom      01/20/202602/03/2026Machinery
KALUDouble Bottom, Adam and Adam      01/27/202601/30/2026Metals and Mining (Div.)
KBHHead-and-shoulders bottom      12/23/202501/29/2026Homebuilding
LENPipe bottom      01/26/202602/02/2026Homebuilding
MHODouble Bottom, Eve and Adam      01/06/202601/28/2026Homebuilding
MRTNDouble Top, Adam and Adam      02/04/202602/12/2026Trucking/Transp. Leasing
MURPipe bottom      01/26/202602/02/2026Petroleum (Integrated)
NTAPDouble Bottom, Adam and Adam      01/20/202602/03/2026Computers and Peripherals
NVDABroadening top, right-angled and descending      12/26/202502/12/2026Semiconductor
OGEHead-and-shoulders bottom      12/22/202501/23/2026Electric Utility (Central)
OLNPipe bottom      01/26/202602/02/2026Chemical (Basic)
ASGNBroadening top, right-angled and ascending      01/07/202602/02/2026Human Resources
ONDouble Bottom, Eve and Eve      01/12/202602/03/2026Semiconductor
PKETriangle, symmetrical      01/13/202602/12/2026Chemical (Specialty)
PCGDouble Bottom, Eve and Eve      12/11/202501/23/2026Electric Utility (West)
PNWDouble Bottom, Adam and Adam      01/23/202602/02/2026Electric Utility (West)
PSTGTriple top      01/13/202601/28/2026Computers and Peripherals
RRCDiamond top      01/21/202602/11/2026Petroleum (Producing)
RJFTriple top      01/15/202602/09/2026Securities Brokerage
^GSPCBroadening top      12/26/202502/05/2026None
SGIPipe bottom      01/26/202602/02/2026Furn/Home Furnishings
TXTPipe bottom      01/26/202602/02/2026Diversified Co.
UNMDouble Top, Eve and Eve      12/19/202501/13/2026Insurance (Diversified)
VLODouble Bottom, Adam and Adam      01/12/202602/02/2026Petroleum (Integrated)
WRBDouble Bottom, Adam and Adam      12/05/202501/27/2026Insurance (Prop/Casualty)
WSORounding bottom      10/03/202502/12/2026Retail Building Supply
XELDouble Bottom, Adam and Adam      01/23/202602/03/2026Electric Utility (West)

 

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Thursday 2/12/26. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.2% or -36 points. Since 02/05/1971 the Nasdaq made 567 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 300 occasions.
     Average loss was -0.8% on 267 occasions.
Expect the Nasdaq to close higher 52.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/554 or 54.9% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 or 47.8% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

Let's go through the alphabet starting from A.

AB shows the bottoms of a chart pattern called an Eve & Adam double bottom. When the index closes above C (which happens at D), it confirms the twin bottoms as a valid chart pattern.

E looked like a triple top until the fourth top appeared. Then the pattern becomes a multi-peak.

F, shown by the green trendlines, is a rising wedge. Those breakout downward most often. In this case, it breaks out upward for a few price bars before retracing and breaking out downward.

$ $ $

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: ABM, ACN, ACIW, AEIS, AKAM, ALB, ALGT, AEE, AXP, AMWD, AME, AMN, AR, APA, APOG, ADP, AVNT, AXS, AZTA, BZH, BBY, BA, BAH, BCO, BLDR, CALM, CE, CLS, CNP, CHKP, CVX, CL, CW, DECK, XRAY, DVN, DSGR, DUK, EXP, EBAY, EME, EMR, EPAM, EXC, EXPI, XOM, FICO, FLS, FTNT, FTV, GAP, GD, GNW, GS, HELE, HSIC, HSY, HOLX, HUBG, JBHT, TILE, IPI, JKHY, JAZZ, KMT, KSS, LZB, LRCX, LDOS, LEN, LPLA, META, MU, MOS, MLI, MUR, NWL, NKE, NOVT, OXY, OGE, OLN, OUT, PYPL, PGR, KWR, RLI, ROK, SBH, SAIC, SHOP, SKYW, SGI, LUV, SPSC, TDOC, TFX, TDC, TXT, TTD, TKR, TJX, TREX, TWLO, UHAL, UGI, UIS, UNM, VRSN, VRTX, WSO, WU, WSC, ITA, IYM, IYC, IYE, FXL, IAT, IXC, MXI, IGE, IEO, IYF, EWA, EWZ, EPP, EWS, EWY, EWL, EWT, EWU, IBB, PBE, PEJ, SSO, XLY, XLP, XLE, XLB, SPY, XAR, 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 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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,644.83    
 Weekly S2  21,842.61  197.78   
 Monthly S1  22,355.65  513.04   
 Weekly S1  22,454.54  98.89   
 Daily S2  22,677.76  223.22   
 Daily S1  22,872.11  194.36   
 Low  22,902.01  29.90   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High  23,061.92  159.91   
 Close  23,066.47  4.55   Yes! The Close is close to the 61.8% Down from Intraday High.
 Weekly Pivot  23,073.07  6.60   Yes! The Weekly Pivot is close to the Close.
 Daily Pivot  23,096.37  23.30   Yes! The Daily Pivot is close to the Weekly Pivot.
 50% Down from Intraday High  23,111.31  14.95   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  23,160.71  49.40   
 Monthly Pivot  23,171.96  11.25   Yes! The Monthly Pivot is close to the 38.2% Down from Intraday High.
 Open  23,278.29  106.33   
 Daily R1  23,290.72  12.43   Yes! The Daily R1 is close to the Open.
 High  23,320.62  29.90   Yes! The High is close to the Daily R1.
 Daily R2  23,514.98  194.36   
 Weekly R1  23,685.00  170.02   
 Monthly R1  23,882.78  197.78   
 Weekly R2  24,303.53  420.75   
 Monthly R2  24,699.09  395.56   

Wednesday 2/11/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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

The CPI turned bullish almost a week ago as the green vertical bar on the far right of the chart shows.

The CPI is near the top of the scale, at 98 where 100 is the highest it can rise.

The inset on the lower right of the chart shows the CPI indicator without signal changes. What's the likely path of the indicator? Down. When it reaches the top of the scale, it often plummets. You can see that behavior in July and August.

However, just because the CPI drops doesn't mean the index will follow. July is a clear example where the CPI dropped and the index continued higher. Currently, although the index will likely drop, the index may struggle to move up. It's hitting overhead resistance setup by prior peaks. It could vault over those peaks and skyrocket or it might follow the CPI lower. My guess is the index will drop but not much, mirroring the downward swings of recent weeks.

$ $ $

Here's a symbol list of 123 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACH, AEE, AMWD, APOG, ARW, AVNT, BCPC, BZH, BA, BLDR, CDNS, CLS, CF, CHKP, CINF, CTAS, CTS, CW, ^DJU, DUK, EXP, EBAY, EOG, EPAM, EQT, EG, FDX, FLS, FMC, FTNT, FDP, GD, GFS, HLIT, HQY, HELE, HSIC, HWM, IBP, ITGR, INTC, JNJ, KFRC, LHX, LZB, LRCX, LAMR, LEN, LLY, LNC, LPLA, LXU, MRTN, MAS, MTDR, META, MU, MCO, MUR, NFG, NOV, NI, NOC, OGE, OLN, OTEX, OXM, PAYX, PEG, KWR, DGX, RGA, RNG, SBH, SLB, NOW, SGI, LUV, SR, TGT, TDC, TXT, TMO, TJX, TREX, UHAL, UGI, UNH, WAT, WSO, WSC, ITA, IEZ, IDU, IYZ, MXI, IGE, IEO, EWK, EWC, EIS, EWJ, EWD, EWL, EWT, SSO, ROBO, XHB, XAR, XLU, 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.

-- Thomas Bulkowski

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Tuesday 2/10/26. Slider Trading Quiz!

The Dow climbed by 0.0% or 20.2 points. Since 10/01/1928 the Dow made 1400 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 757 occasions.
     Average loss was -0.6% on 643 occasions.
Expect the Dow to close higher 54.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 327/598 or 54.7% of the time.
     The prediction of the Dow closing lower has been right 63/128 or 49.2% of the time.

$ $ $

Picture of 'Invest for two-comma wealth, second edition' book.

Updated for 2026, I released the second edition of my book, Invest for Two-Comma Wealth. Click the link for more details. It's available on Amazon.com, and it's most useful to those in the U.S. (because it discusses taxes and such). For more information on my books (including this one), click this link.

$ $ $

I show another slider trading quiz featuring Polo Ralph Lauren: RL stock.

$ $ $

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: ACH, ADTN, A, ALB, ALKS, ALGT, AFG, AME, APA, APOG, AVNT, AVA, BALL, BAH, CACI, CINF, CLF, CTSH, GLW, DDS, DUK, EXP, EBAY, EME, FAST, FLEX, FLS, FTNT, FDP, IT, GE, GFS, THG, IEX, IDXX, ILMN, INCY, IPI, JNJ, KALU, KFRC, LZB, LEG, LLY, LXU, MRTN, MGEE, MLI, NFG, NEU, NOC, OGE, PTEN, RGA, RGLD, SIGI, SGI, SO, TGT, TXN, TXT, TZOO, UIS, VMI, VC, WRB, WAT, WSO, WU, WDAY, FDN, IYH, IYZ, IEV, IGE, EWA, EWO, EWK, EWZ, EWQ, EWG, EWI, EWJ, EPP, EWP, EWL, THD, TUR, XLV. 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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  47,069.58    
 Weekly S2  48,163.63  1,094.05   
 Monthly S1  48,602.72  439.09   
 Weekly S1  49,149.75  547.03   
 Monthly Pivot  49,386.19  236.44   
 Weekly Pivot  49,659.70  273.51   
 Daily S2  49,682.29  22.59   Yes! The Daily S2 is close to the Weekly Pivot.
 Low  49,837.45  155.16   
 Daily S1  49,909.08  71.63   
 61.8% Down from Intraday High  49,983.36  74.28   
 50% Down from Intraday High  50,028.43  45.07   
 Open  50,047.79  19.36   Yes! The Open is close to the 50% Down from Intraday High.
 Daily Pivot  50,064.24  16.45   Yes! The Daily Pivot is close to the Open.
 38.2% Down from Intraday High  50,073.50  9.26   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  50,135.87  62.38   
 High  50,219.40  83.53   
 Daily R1  50,291.03  71.63   
 Daily R2  50,446.19  155.16   
 Weekly R1  50,645.82  199.63   
 Monthly R1  50,919.33  273.51   
 Weekly R2  51,155.77  236.44   
 Monthly R2  51,702.80  547.03   

Monday 2/9/26. Market Monday: The Week Ahead

My Prediction

Picture of the S and P 500 on the daily scale.

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

Shown outlined in red is a broadening top chart pattern.

In that pattern, two trendlines outline the peaks and valleys so that the two lines diverge.

A breakout happens when price close above or below (outside of) one of the trendlines. In stocks, in a bull market, the breakout will be upward 60% of the time (I measured this and it's reported in my book, Encyclopedia of chart patterns, third edition). I dedicate an entire chapter to broadening tops.

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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.

Monday: Up 515.19 points.
Tuesday: Down 166.67 points.
Wednesday: Up 260.31 points.
Thursday: Down 592.58 points.
Friday: Up 1206.95 points.

For the Week...

The Dow industrials were up 1223.2 points or 2.5%.
The Nasdaq composite was down 430.61 points or 1.8%.
The S&P 500 index was down 6.73 points or 0.1%.

Year to Date...

Dow Industrials
     0.1% down from the high of 50,169.65 on 02/06/2026.
     4.7% up from the low of 47,853.04 on 01/02/2026.
Nasdaq
     4.0% down from the high of 23,988.27 on 01/28/2026.
     2.5% up from the low of 22,461.14 on 02/05/2026.
S&P 500
     1.0% down from the high of 7,002.28 on 01/28/2026.
     2.2% up from the low of 6,780.13 on 02/05/2026.

Options Expiration

No options expire this week.

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  48,635  49,375  49,773  50,513  50,910 
Weekly  48,157  49,136  49,653  50,632  51,149 
Monthly  47,063  48,589  49,379  50,906  51,696 
S&P500 (^GSPC): Daily  6,770  6,851  6,898  6,979  7,026 
Weekly  6,689  6,811  6,902  7,024  7,115 
Monthly  6,683  6,808  6,905  7,030  7,127 
Nasdaq (^IXIC): Daily  22,400  22,716  22,902  23,218  23,404 
Weekly  21,831  22,431  23,061  23,661  24,292 
Monthly  21,633  22,332  23,160  23,859  24,687 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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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 165 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABM, AYI, AEIS, ALB, AA, ALKS, ALGT, AMZN, AEE, AEO, AON, APA, APOG, AWI, ARW, AVNT, AVA, BSET, BAH, BFH, BR, BBW, CACI, CALM, CNC, CNP, CENX, CINF, CLNE, CLX, CGNX, CMTL, ED, COST, COTY, CR, CSGS, CTS, FANG, ^DJT, ^DJI, DUK, EBAY, EME, EXPD, FLS, FTNT, FWRD, FDP, GE, GNW, GFS, THG, HE, HELE, HSY, HOV, HUBG, JBHT, IEX, ILMN, IBP, IBKR, KELYA, KMT, KEYS, KFRC, LAMR, LEG, MTRN, MTRX, MGEE, NBR, NTAP, NWL, NOVT, NUS, OXY, OGE, OMCL, ON, OTEX, OUT, OXM, PEN, PCG, PG, DGX, RGA, RGLD, RES, ^GSPC, SAIA, SBH, SLB, SCHW, SIGI, SGI, SO, SXI, TRGP, TGT, TFX, TXN, TXT, MZTI, TSCO, UHAL, UNM, VMI, VC, VMC, WRB, WSO, WU, WEX, WWD, ITA, IAI, IYC, DDM, FXI, ICF, IYH, IAT, IGV, MXI, IEO, IYF, EWQ, EWH, EWI, EWS, EWY, EWP, EWD, EWT, THD, EWU, PPA, PBE, PEJ, XLP, XLV, XLI, XAR, USO, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Telecom. Equipment2. Semiconductor
3. Semiconductor3. Telecom. Equipment
4. Oilfield Svcs/Equipment4. Metals and Mining (Div.)
5. Metals and Mining (Div.)5. Oilfield Svcs/Equipment
6. Air Transport6. Machinery
7. Machinery7. Drug
8. Trucking/Transp. Leasing8. Air Transport
9. Biotechnology9. Biotechnology
10. Drug10. Investment Co. (Foreign)
Best Performing AboveWorst Performing Below
50. IT Services50. Electric Utility (Central)
51. Electric Utility (Central)51. Building Materials
52. Human Resources52. Healthcare Information
53. Healthcare Information53. Internet
54. Internet54. Human Resources
55. Advertising55. E-Commerce
56. E-Commerce56. Advertising
57. Short ETFs57. Short ETFs
58. Investment Co. (Domestic)58. Information Services
59. Information Services59. Investment Co. (Domestic)
60. Computer Software and Svcs60. Computer Software and Svcs

-- Thomas Bulkowski

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Friday 2/6/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 125 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACH, AMD, ALB, AA, ALKS, ALGT, ALL, AEE, AEO, AFG, AON, APOG, ARCB, ACGL, ADM, ADSK, AVNT, AXS, AZTA, BZH, BKNG, BAH, BMY, BRKR, BBW, BG, CACI, CALM, CNC, CNP, CF, CINF, CLNE, CNO, CMTL, ED, CSGP, DUK, EBAY, EL, EG, EZPW, FDS, FIS, FMC, FCX, GE, GNW, GPN, GFS, GL, HSY, HURC, IBP, JAZZ, JBLU, KEYS, KFRC, KLIC, LH, LAMR, MTRX, MSFT, NJR, NEE, NWPX, OGE, OMCL, ASGN, ON, OTEX, OXM, PCG, PGR, PRU, PEG, QTWO, QCOM, DGX, RL, RTX, RGA, RGLD, SBH, SCHW, SAIC, SEIC, SIGI, SRE, SHW, SHOP, SKYW, SPSC, SNPS, TPR, TGT, TJX, UIS, UNM, VMI, VRTX, WSO, WU, IYK, IYC, FTEC, IAT, IYF, IHI, ECH, EWD, TUR, IBB, PEJ, ROBO. 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), Orb Foresight (#Ad)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
MMMDouble Bottom, Adam and Eve      01/20/202602/02/2026Diversified Co.
ANFDouble Bottom, Adam and Adam      01/23/202601/29/2026Apparel
AFLHead-and-shoulders bottom      01/13/202601/28/2026Insurance (Diversified)
APDDouble Bottom, Adam and Adam      01/20/202601/28/2026Chemical (Diversified)
AAHead-and-shoulders top      01/06/202601/22/2026Aerospace/Defense
ALGTDouble Bottom, Adam and Eve      01/14/202601/27/2026Air Transport
AMZNTriple top      01/12/202602/03/2026Internet
ATOHead-and-shoulders bottom      01/05/202601/30/2026Natural Gas (Diversified)
AVYDouble Bottom, Adam and Adam      01/20/202601/30/2026Packaging and Container
AZTADead-cat bounce      02/04/202602/04/2026Semiconductor Cap Equip.
BFHDouble Bottom, Adam and Eve      01/14/202601/27/2026Information Services
CACIPipe top      01/20/202601/26/2026IT Services
CDNSDouble Top, Eve and Eve      01/12/202601/28/2026Computer Software and Svcs
CALMPipe bottom      01/05/202601/12/2026Food Processing
CINFPipe bottom      01/20/202601/20/2026Insurance (Prop/Casualty)
CLXUgly double bottom      12/23/202501/29/2026Household Products
CTSHDouble Top, Adam and Adam      12/19/202501/14/2026IT Services
CMCOTriangle, ascending      01/14/202602/03/2026Machinery
CXWBroadening top      12/24/202501/26/2026Industrial Services
DECKDouble Bottom, Adam and Adam      01/20/202601/29/2026Shoe
BOOMDouble Top, Adam and Adam      01/23/202601/29/2026Metal Fabricating
EBAYHorn top      01/12/202601/26/2026Internet
EPAMTriple top      01/08/202601/28/2026IT Services
ELDead-cat bounce      02/05/202602/05/2026Toiletries/Cosmetics
FDXDouble Bottom, Adam and Adam      01/21/202601/26/2026Air Transport
FLEXDouble Top, Eve and Eve      01/22/202601/29/2026Electronics
FMCDead-cat bounce      02/05/202602/05/2026Chemical (Basic)
FTVTriple bottom      01/05/202601/30/2026Industrial Services
ITDead-cat bounce      02/03/202602/03/2026IT Services
GDDiamond top      01/13/202601/27/2026Aerospace/Defense
GLDouble Bottom, Adam and Eve      01/05/202601/23/2026Insurance (Life)
GSHead-and-shoulders top      01/05/202602/03/2026Securities Brokerage
HSICDouble Top, Adam and Eve      01/08/202601/16/2026Medical Supplies
JBHTDouble Bottom, Adam and Adam      01/16/202601/30/2026Trucking/Transp. Leasing
IBPPipe top      01/12/202601/20/2026Retail Building Supply
IPIHead-and-shoulders top      01/15/202602/04/2026Chemical (Diversified)
JBLUTriple bottom      12/30/202501/27/2026Air Transport
LDouble Bottom, Adam and Eve      12/08/202501/23/2026Insurance (Prop/Casualty)
MANDouble Bottom, Adam and Adam      01/20/202601/29/2026Human Resources
MRTNTriple bottom      01/20/202602/02/2026Trucking/Transp. Leasing
MTRXDouble Top, Adam and Eve      01/22/202601/30/2026Oilfield Svcs/Equipment
MDTTriple bottom      01/05/202601/20/2026Medical Supplies
MRCYDead-cat bounce      02/04/202602/04/2026Computers and Peripherals
MSHead-and-shoulders top      01/06/202602/03/2026Securities Brokerage
NVDATriple top      12/26/202501/30/2026Semiconductor
OMCLDead-cat bounce      02/05/202602/05/2026Healthcare Information
ASGNPipe bottom      12/29/202501/05/2026Human Resources
PYPLDead-cat bounce      02/03/202602/03/2026Financial Services
RESDead-cat bounce      02/03/202602/03/2026Oilfield Svcs/Equipment
SIGIPipe bottom      01/20/202601/26/2026Insurance (Prop/Casualty)
SHWDouble Bottom, Adam and Adam      01/23/202601/29/2026Chemical (Basic)
SLGNDouble Bottom, Eve and Eve      01/15/202601/29/2026Packaging and Container
SKYWDouble Bottom, Eve and Adam      01/14/202601/30/2026Air Transport
SRDouble Bottom, Eve and Eve      01/05/202601/13/2026Natural Gas (Distributor)
SPSCDouble Top, Adam and Adam      01/13/202601/29/2026E-Commerce
TEVADouble Bottom, Adam and Adam      01/20/202601/28/2026Drug
TRVPipe bottom      01/12/202601/20/2026Insurance (Prop/Casualty)
UHALDouble Top, Adam and Adam      01/22/202602/04/2026Trucking/Transp. Leasing
VEEVPipe top      01/05/202601/12/2026Healthcare Information
VMCDouble Bottom, Adam and Eve      01/21/202601/28/2026Cement and Aggregates
WEXDouble Top, Eve and Adam      01/14/202601/23/2026Information Services

 

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Thursday 2/5/26. 2026 Market Forecast Update

The Nasdaq dropped by -1.5% or -350.61 points. Since 02/05/1971 the Nasdaq made 125 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.2% on 62 occasions.
     Average loss was -1.1% on 63 occasions.
Expect the Nasdaq to close lower 50.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/554 or 54.9% of the time.
     The prediction of the Nasdaq closing lower has been right 87/183 or 47.5% of the time.

$ $ $

Here's the link to the 2026 market forecast update, presented in slider format.

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Here's a symbol list of 163 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABM, AFL, APD, ALK, ALB, AA, ALKS, ALGT, AMZN, DOX, AEE, AFG, AMWD, APA, APOG, AAPL, ARCB, ADP, AVNT, AZTA, BSET, BAH, BSX, BLDR, CBT, CACI, CE, CVX, CINF, CNX, CTSH, CL, CMTL, ED, CAG, COP, COTY, XRAY, DVN, DDS, D, DOV, EMN, EBAY, EMR, EOG, EL, EXC, FDX, FLS, FTNT, FCX, FDP, GE, GNW, GPN, GFS, GFF, HON, HOV, HUN, IBP, TILE, JAZZ, JBLU, KMT, KEYS, LHX, LRCX, LAMR, LEN, LLY, L, MGY, MRTN, MTRX, MDT, MRCY, MCO, MLI, NOV, NTGR, NEU, NEE, NOC, NWPX, ASGN, ON, ORCL, OXM, PANW, PATK, PYPL, PEN, PCG, PNW, PFG, PEG, PSTG, KWR, DGX, RRC, RTX, RNG, ROP, RGLD, SLB, SEE, SIGI, SHOP, SLGN, SWX, TXT, MZTI, TJX, TDG, UGI, UIS, VMI, VC, WRB, WSO, WERN, WLK, WMB, XEL, ITA, IYE, IHE, FTEC, FDN, FXI, AIQ, ICF, IYH, IAT, IXC, IXN, IEO, IHI, EWK, ECH, EWJ, EWD, EWL, TUR, EWU, PPA, XLE, XLF, SPY. 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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  22,198.45    
 Daily S2  22,367.49  169.04   
 Monthly S1  22,551.52  184.02   
 Weekly S2  22,619.72  68.21   
 Daily S1  22,636.04  16.32   Yes! The Daily S1 is close to the Weekly S2.
 Low  22,684.51  48.47   Yes! The Low is close to the Daily S1.
 Weekly S1  22,762.15  77.64   
 Close  22,904.58  142.43   
 61.8% Down from Intraday High  22,908.19  3.61   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  22,953.05  44.86   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  22,977.29  24.24   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  23,046.39  69.10   
 Open  23,217.02  170.63   
 Daily R1  23,221.60  4.58   Yes! The Daily R1 is close to the Open.
 Monthly Pivot  23,269.89  48.30   Yes! The Monthly Pivot is close to the Daily R1.
 High  23,270.07  0.18   Yes! The High is close to the Monthly Pivot.
 Weekly Pivot  23,375.21  105.14   
 Weekly R1  23,517.64  142.43   
 Daily R2  23,538.61  20.97   Yes! The Daily R2 is close to the Weekly R1.
 Monthly R1  23,622.96  84.34   
 Weekly R2  24,130.70  507.74   
 Monthly R2  24,341.33  210.63   

Wednesday 2/4/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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 has a reading of neutral, at 36.7. The scale goes from 0 to 100, with breaks at 35 and 65 (bearish, bullish). So the reading is just above bearish. If stocks continue to be weak, then the CPI will probably slip into bearish mode.

There's bearish divergence which I show as a purple or violet line in the inset versus the index. I mentioned this a week ago and it's still there. I also mentioned that divergence is unreliable, so keep that in mind.

My guess is that the CPI will turn bearish, but I don't know if the index will follow it down. With earnings season starting, I'm thinking that yes, the indices will drop.

$ $ $

Here's a symbol list of 180 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, ADTN, AEIS, AES, A, ALK, ALB, ALKS, ALGT, AXP, AMWD, ANIK, APA, APOG, AMAT, ADSK, ADP, AVNT, AZTA, BALL, BAX, BAH, BSX, BR, BRKR, CBT, CACI, CDNS, CE, CNP, CENX, CDAY, CRL, CIEN, CINF, CLF, CTSH, CAG, CSGP, CTS, CMI, XRAY, ^DJT, DUK, EMN, EBAY, EMR, EPAM, EFX, EL, FDS, FICO, FDX, FISV, FLS, FDP, IT, GE, GPN, GFS, HIG, HSY, HNI, HWM, IDXX, IBP, INTU, JKHY, KMB, KLAC, LRCX, LAMR, L, LPLA, MAN, MRTN, MTRN, MDT, META, MSFT, MCO, MS, MOS, ^IXIC, NOV, NFLX, NJR, NKE, OLN, ON, OTEX, ORCL, PANW, PKE, PAYX, PCTY, PYPL, PEN, PNW, POR, PPL, PRU, PSTG, KWR, QCOM, RL, REGN, RGA, RGLD, RES, SAIA, CRM, SLB, SCHW, SEE, SEIC, SIGI, SCI, NOW, SHW, SO, SCCO, LUV, SWX, SPSC, SNPS, TPR, TDC, TTD, TJX, TSCO, TDG, TRV, TZOO, TWLO, UHAL, UIS, VECO, VMC, WDAY, ZBRA, FTEC, FDN, QTEC, FXI, AIQ, QQQ, IXN, ILF, IEO, EWO, EWK, EWZ, EWI, EWM, QLD, SSO, XHB, SPY, XLK, 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.

-- Thomas Bulkowski

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Tuesday 2/3/26. Slider Trading Quiz!

The Dow climbed by 1.1% or 515.19 points. Since 10/01/1928 the Dow made 395 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 227 occasions.
     Average loss was -0.7% on 168 occasions.
Expect the Dow to close higher 57.5% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 327/597 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 63/128 or 49.2% of the time.

$ $ $

I show another slider trading quiz featuring PPG Industries (PPG) stock.

$ $ $

Here's a symbol list of 120 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACH, ADBE, AMD, ALRM, ALKS, ALGT, AMZN, AEP, AMWD, AME, ARCB, BIO, BKH, BSX, BRKR, CNP, CENX, CDAY, CIEN, CLF, CGNX, ED, GLW, CSGS, CTS, ^DJT, DOV, DUK, EMN, EBAY, EXC, EXPI, EXPD, EZPW, FDS, FLS, FTV, FDP, GME, GFF, HIG, HL, HWM, HUM, IDA, IDXX, IBP, IBKR, KALU, KMT, KEYS, KSS, KLIC, L, LPLA, MTSI, MRTN, MTRN, META, ^IXIC, NFLX, ASGN, OR, OXM, PEN, PCG, POR, PPL, PHM, QTWO, KWR, RJF, RGS, RGA, RGLD, ^GSPC, SAIA, SRE, SMTC, SLGN, SO, SWX, SPSC, SSYS, TER, TEVA, TXN, MZTI, TOL, TRV, VFC, VECO, VRTX, WAT, WDAY, IYM, IHE, IDU, QTEC, FXI, QQQ, ICF, SLV, IEO, EWG, EWT, QLD, DBA, PJP, SPY, XLU, 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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  47,184.38    
 Weekly S2  48,089.85  905.48   
 Monthly S1  48,296.02  206.16   
 Daily S2  48,377.36  81.34   
 Low  48,673.58  296.22   
 Weekly S1  48,748.76  75.18   Yes! The Weekly S1 is close to the Low.
 Open  48,777.77  29.01   Yes! The Open is close to the Weekly S1.
 Daily S1  48,892.51  114.74   
 Monthly Pivot  48,964.68  72.17   Yes! The Monthly Pivot is close to the Daily S1.
 61.8% Down from Intraday High  48,983.52  18.84   Yes! The 61.8% Down from Intraday High is close to the Monthly Pivot.
 50% Down from Intraday High  49,079.27  95.74   
 Weekly Pivot  49,118.79  39.52   Yes! The Weekly Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  49,175.01  56.22   Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot.
 Daily Pivot  49,188.73  13.72   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  49,407.66  218.93   
 High  49,484.95  77.29   Yes! The High is close to the Close.
 Daily R1  49,703.88  218.93   
 Weekly R1  49,777.69  73.81   Yes! The Weekly R1 is close to the Daily R1.
 Daily R2  50,000.10  222.41   
 Monthly R1  50,076.33  76.23   Yes! The Monthly R1 is close to the Daily R2.
 Weekly R2  50,147.71  71.39   Yes! The Weekly R2 is close to the Monthly R1.
 Monthly R2  50,744.99  597.28   

Monday 2/2/26. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

I show the Nasdaq composite on the daily scale.

At A is a chart pattern shown within the two red lines. The bottom trendline doesn't hug price as well as I hoped. The top line cuts through price. The combination of the two lines form an imperfect chart pattern called an ascending triangle. That pattern has a flat top and up-sloping bottom trendlines. I have found that ascending triangles (in stocks) are unreliable performers.

Peaks BC form a potential double top. That pattern appears when two peaks near the same price with a valley between them. If price closes below that valley, it confirms the pattern as a valid double top and price is expected to drop.

As you can see in the chart, price has a long way to drop before closing below the November valley.

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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.

Monday: Up 313.69 points.
Tuesday: Down 408.99 points.
Wednesday: Up 12.19 points.
Thursday: Up 55.96 points.
Friday: Down 179.09 points.

For the Week...

The Dow industrials were down 206.24 points or 0.4%.
The Nasdaq composite was down 39.42 points or 0.2%.
The S&P 500 index was up 23.42 points or 0.3%.

Year to Date...

Dow Industrials
     1.5% down from the high of 49,633.35 on 01/12/2026.
     2.2% up from the low of 47,853.04 on 01/02/2026.
Nasdaq
     2.2% down from the high of 23,988.27 on 01/28/2026.
     2.4% up from the low of 22,916.83 on 01/20/2026.
S&P 500
     0.9% down from the high of 7,002.28 on 01/28/2026.
     2.2% up from the low of 6,789.05 on 01/20/2026.

Options Expiration

No options expire this week.

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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.

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  48,212  48,552  48,800  49,140  49,388 
Weekly  47,918  48,405  48,947  49,434  49,976 
Monthly  47,013  47,953  48,793  49,733  50,573 
S&P500 (^GSPC): Daily  6,862  6,900  6,932  6,971  7,003 
Weekly  6,806  6,872  6,937  7,004  7,069 
Monthly  6,697  6,818  6,910  7,031  7,123 
Nasdaq (^IXIC): Daily  23,181  23,321  23,492  23,632  23,803 
Weekly  22,805  23,134  23,561  23,889  24,316 
Monthly  22,384  22,923  23,456  23,994  24,527 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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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 88 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, ALB, ALKS, ALL, AEP, AMWD, AMN, ADSK, BALL, BSX, CAL, CLS, CX, COR, CHD, CINF, CSCO, CNA, CL, EBAY, FICO, FLEX, FNV, FDP, GME, GILD, HIG, HL, HSY, HNI, HWM, HURC, IBP, INTC, INTU, MAS, MTRN, META, MSFT, NTNX, ASGN, ON, OTEX, ORCL, OR, PG, KWR, DGX, RTX, RGA, RGLD, CRM, SMTC, NOW, SKYW, SR, SPSC, TDC, TEVA, TXN, TTD, TSCO, TRV, TWLO, UNM, VFC, VEEV, V, WMT, WPM, FTEC, IYZ, IGV, IXN, SLV, IEO, EWZ, EWG, EWY, EWT, DBA, XLK, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Semiconductor2. Metals and Mining (Div.)
3. Telecom. Equipment3. Semiconductor
4. Metals and Mining (Div.)4. Telecom. Equipment
5. Oilfield Svcs/Equipment5. Oilfield Svcs/Equipment
6. Machinery6. Machinery
7. Drug7. Drug
8. Air Transport8. Precision Instrument
9. Biotechnology9. Electronics
10. Investment Co. (Foreign)10. Air Transport
Best Performing AboveWorst Performing Below
50. Electric Utility (Central)50. Shoe
51. Building Materials51. Electric Utility (Central)
52. Healthcare Information52. Internet
53. Internet53. Household Products
54. Human Resources54. E-Commerce
55. E-Commerce55. Short ETFs
56. Advertising56. Advertising
57. Short ETFs57. Information Services
58. Information Services58. Computer Software and Svcs
59. Investment Co. (Domestic)59. Investment Co. (Domestic)
60. Computer Software and Svcs60. Human Resources

-- Thomas Bulkowski

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