Bulkowski's Blog: ThePatternSite.com
As of 05/26/2022
  Indus: 32,637 +516.91 +1.6%  
  Trans: 14,142 +397.70 +2.9%  
  Utils: 1,022 +1.32 +0.1%  
  Nasdaq: 11,741 +305.91 +2.7%  
  S&P 500: 4,058 +79.08 +2.0%  
YTD
-10.2%  
-14.2%  
 +4.2%  
-25.0%  
-14.9%  
  Targets    Overview: 05/15/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow14,700 or 12,400 by 06/01/2022
  Up arrow1,050 or 940 by 06/01/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,150 or 3,700 by 06/01/2022
CPI (updated daily): Arrows on 5/23/22
As of 05/26/2022
  Indus: 32,637 +516.91 +1.6%  
  Trans: 14,142 +397.70 +2.9%  
  Utils: 1,022 +1.32 +0.1%  
  Nasdaq: 11,741 +305.91 +2.7%  
  S&P 500: 4,058 +79.08 +2.0%  
YTD
-10.2%  
-14.2%  
 +4.2%  
-25.0%  
-14.9%  
  Targets    Overview: 05/15/2022  
  Up arrow33,500 or 30,500 by 06/01/2022
  Up arrow14,700 or 12,400 by 06/01/2022
  Up arrow1,050 or 940 by 06/01/2022
  Up arrow12,800 or 11,000 by 06/01/2022
  Up arrow4,150 or 3,700 by 06/01/2022
CPI (updated daily): Arrows on 5/23/22

 

January 2022 Headlines

Archives


Monday 1/31/22. 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 AB, there's a small double bottom which confirms as a valid pattern when the index closes above the top of the pattern. I show that as line C.

In this case, the upward move faltered and the index tumbled. The double bottom failed.

More recently, the index has found a bottom -- I think. My expectation and hope is that the index will recover by following the blue line. It won't be as steep as the line suggests, but maybe I've gotten the direction right (upward).

$ $ $

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If you find any broken links or pages which don't load properly, please let me know. Email me at email address.


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A Brief Look Back

Picture of a flower from my garden.

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 99.13 points.
Tuesday: Down 66.77 points.
Wednesday: Down 129.64 points.
Thursday: Down 7.31 points.
Friday: Up 564.69 points.

For the Week...

The Dow industrials were up 460.1 points or 1.3%.
The Nasdaq composite was up 1.65 points or 0.0%.
The S&P 500 index was up 33.91 points or 0.8%.

Year to Date...

Dow Industrials
     6.0% down from the high of 36,952.65 on 01/05/2022.
     4.8% up from the low of 33,150.33 on 01/24/2022.
Nasdaq
     13.1% down from the high of 15,852.14 on 01/04/2022.
     5.2% up from the low of 13,094.65 on 01/24/2022.
S&P 500
     8.0% down from the high of 4,818.62 on 01/04/2022.
     5.0% up from the low of 4,222.62 on 01/24/2022.

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  33,497  34,111  34,422  35,036  35,346 
Weekly  32,565  33,645  34,230  35,311  35,896 
Monthly  31,140  32,933  34,943  36,735  38,745 
S&P500 (^GSPC): Daily  4,245  4,339  4,386  4,479  4,526 
Weekly  4,139  4,285  4,369  4,516  4,600 
Monthly  3,895  4,163  4,491  4,759  5,087 
Nasdaq (^IXIC): Daily  13,058  13,414  13,593  13,949  14,128 
Weekly  12,715  13,243  13,623  14,151  14,531 
Monthly  11,449  12,610  14,256  15,416  17,062 

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 94 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AEL, AXP, AMN, APOG, AAPL, ATR, ARW, AVNT, AVA, BECN, BBBY, BERY, BIO, BOOT, BAH, EPAY, BLDR, BG, CX, CNP, CENX, CTXS, COTY, CCRN, CSGS, DECK, D, DOV, FICO, FAST, FE, FLS, FORM, FCX, GNW, THG, HE, HL, NSP, IVC, KALU, KBH, KSS, LEG, MAN, MRK, MS, MOS, MYGN, NI, OGE, OMI, OXM, PCG, PICO, PNW, RL, SCHW, SRE, NOW, SKX, SCCO, TJX, SLCA, VRSN, VRTX, V, WLK, WEX, XEL, IAI, IHE, FXI, SOXX, SLV, EWK, EWH, EWM, EPP, TUR, DBA, XLP, XLV, XLK, XLU, UNG. Clink this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Petroleum (Integrated)2. Petroleum (Integrated)
3. Natural Gas (Diversified)3. Semiconductor Cap Equip.
4. Trucking/Transp. Leasing4. Trucking/Transp. Leasing
5. Oilfield Svcs/Equipment5. Semiconductor
6. Natural Gas (Distributor)6. Natural Gas (Diversified)
7. Insurance (Life)7. Homebuilding
8. Retail Building Supply8. Oilfield Svcs/Equipment
9. Insurance (Prop/Casualty)9. Insurance (Life)
10. Electric Utility (East)10. Retail Building Supply
Best Performing AboveWorst Performing Below
50. E-Commerce50. Medical Supplies
51. Financial Services51. Medical Services
52. Medical Supplies52. Shoe
53. Diversified Co.53. Drug
54. Drug54. Air Transport
55. Apparel55. Apparel
56. Short ETFs56. Biotechnology
57. Biotechnology57. Financial Services
58. Retail (Special Lines)58. Healthcare Information
59. Shoe59. Retail (Special Lines)
60. Healthcare Information60. Short ETFs

-- Thomas Bulkowski

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Friday 1/28/22. Pattern Trading Setups for the Weekend.

Here's a symbol list of 71 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, AEL, ABC, ADM, AIZ, ADP, BAX, BECN, BIG, CACI, CAL, CLS, CONN, COST, CTS, DHR, EIX, EZPW, FAST, FORM, FCX, GME, GNW, GILD, HBI, HQY, HTLD, HL, HSII, HSIC, HNI, INCY, NSP, INTC, IPG, IVC, JBLU, KALU, KBH, KSS, LH, LAWS, LDOS, M, MOS, NFLX, OMC, PRFT, PCG, PEG, PHM, RCKY, SLB, SCHW, SAIC, NOW, SCCO, SR, TPX, TER, SLCA, WLK, WSM, WWW, FXI, EWJ, EPP, EWY, GLD, XLU. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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
ANFDouble Bottom, Adam and Adam      01/10/202201/21/2022Apparel
AMATBroadening top, right-angled and ascending      11/26/202101/14/2022Semiconductor Cap Equip.
ATODouble Top, Eve and Adam      01/05/202201/19/2022Natural Gas (Diversified)
BLLPipe top      12/27/202101/03/2022Packaging and Container
BBWDouble Top, Eve and Eve      12/01/202101/11/2022Retail (Special Lines)
CACIDouble Top, Adam and Eve      01/05/202201/18/2022IT Services
CEDouble Top, Adam and Adam      01/05/202201/13/2022Chemical (Basic)
CLSPipe top      01/03/202201/10/2022Electronics
CXDouble Top, Eve and Eve      01/05/202201/14/2022Cement and Aggregates
CNPBroadening top, right-angled and descending      01/05/202201/27/2022Electric Utility (Central)
CLDouble Top, Eve and Eve      01/05/202201/19/2022Household Products
CRDouble Top, Eve and Eve      01/05/202201/13/2022Diversified Co.
CCRNTriple top      11/04/202112/28/2021Human Resources
CTSDouble Top, Eve and Eve      11/16/202101/04/2022Electronics
WIREDouble Top, Eve and Eve      11/23/202112/28/2021Metals and Mining (Div.)
EPAMThree Falling Peaks      11/05/202112/27/2021IT Services
FICOBroadening top      12/30/202101/26/2022IT Services
FCXPipe top      01/10/202201/18/2022Metals and Mining (Div.)
HBIHead-and-shoulders bottom      12/13/202112/31/2021Apparel
HSCDouble Top, Eve and Eve      12/29/202101/14/2022Diversified Co.
KLICPipe top      12/06/202112/13/2021Semiconductor Cap Equip.
LRCXTriple top      12/09/202101/13/2022Semiconductor Cap Equip.
LAMRDouble Top, Eve and Eve      11/05/202101/04/2022Advertising
RAMPDouble Top, Adam and Adam      12/08/202101/04/2022Computer Software and Svcs
MNDTHead-and-shoulders bottom      11/23/202112/15/2021Computer Software and Svcs
MASBroadening top      11/16/202101/04/2022Building Materials
NFLXDead-cat bounce      01/21/202201/21/2022Internet
PKGUgly double bottom      12/20/202101/24/2022Packaging and Container
PKERectangle bottom      11/26/202101/27/2022Chemical (Specialty)
PATKThree Falling Peaks      10/04/202101/05/2022Retail Building Supply
PHMDouble Top, Eve and Adam      12/30/202101/13/2022Homebuilding
RLThree Falling Peaks      11/01/202101/05/2022Apparel
RHIBroadening top      12/29/202101/14/2022Human Resources
SAICUgly double bottom      12/20/202101/10/2022IT Services
SWNHorn top      12/27/202101/10/2022Natural Gas (Diversified)
TECHThree Falling Peaks      09/23/202112/31/2021Biotechnology
TFXTriple top      01/05/202201/20/2022Diversified Co.
TERDead-cat bounce      01/27/202201/27/2022Semiconductor Cap Equip.
VMCDouble Top, Adam and Eve      11/09/202101/04/2022Cement and Aggregates
WERNPipe top      12/27/202101/03/2022Trucking/Transp. Leasing
WLKPipe top      01/10/202201/18/2022Chemical (Basic)

 

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Thursday 1/27/22. Intraday Market Direction: Nasdaq

The index climbed by 0.0% or 2.83 points. Since 02/05/1971 the index made 693 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 395 occasions.
     Average loss was -0.9% on 298 occasions.
Expect the index to close higher 57.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 234/409 or 57.2% of the time.
     The prediction of the index closing lower has been right 60/127 or 47.2% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

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

I like trendlines because they describe how price has moved and give hints of what will happen.

This chart is an example of that idea. The blue line shows the longer-term trend (although on this scale, it's very short term). The index tried to pierce it at point A, but failed to do so.

The red line shows a recovery. Everything was fine until the FED made their announcement. My view is that the market would shrug off their words and climb. Instead, the index dropped. I still believe their worry is overblown, so I'm still thinking that this is a buying opportunity (I bought 2 securities and may buy another tomorrow). I expect a recovery. The above probabilities (57% close higher) support that belief.

$ $ $

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: MMM, ABT, ACN, ACIW, AYI, APD, DOX, AEE, AEL, AFG, APOG, AWI, ARW, ASH, ADP, AVNT, BZH, BERY, BIG, BIO, BIIB, BMRN, BA, CBT, CAL, CPB, CNC, CENX, CHS, CSCO, CLF, CTSH, CL, CMCO, CONN, GLW, CSGS, DECK, ^DJU, ^DJI, BOOM, EZPW, FFIV, FAST, FIS, FCX, GE, GPRO, GES, HBI, HE, HTLD, HL, HSII, HNI, HD, HON, DHI, NSP, ITGR, IPAR, TILE, IVC, JNJ, KALU, KBH, KBAL, KSS, LHX, LZB, LAMR, LEG, MHO, M, MAN, MCHX, MAS, FB, MGEE, MOS, NTAP, NEU, NKE, OMC, OUT, OXM, PAYX, PRFT, PFE, PCG, PNW, POR, PPL, PHM, KWR, RL, RCKY, ROST, SMG, SCCO, SCS, SRDX, TPR, TDOC, TPX, TKR, TOL, SLCA, UPS, VLO, WLK, WMB, WSM, WWW, ITA, IYM, FXI, BOTZ, ICF, IYH, IYZ, ECH, EEM, EWJ, EPP, EWS, EZA, EWY, EWT, THD, TUR, PPA, PBE, XLY, XLP, XLI, XLB, XRT, XAR, UNG, USO, VHT, VIS, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

The 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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  12,265.38    
 Monthly S1  12,903.75  638.37   
 Daily S2  13,035.19  131.44   
 Weekly S2  13,039.33  4.14   Yes! The Weekly S2 is close to the Daily S2.
 Daily S1  13,288.66  249.32   
 Weekly S1  13,290.73  2.07   Yes! The Weekly S1 is close to the Daily S1.
 Low  13,392.19  101.46   
 Close  13,542.12  149.93   
 61.8% Down from Intraday High  13,625.39  83.27   
 Daily Pivot  13,645.65  20.27   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  13,697.42  51.77   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  13,769.45  72.03   
 Open  13,871.77  102.32   
 Daily R1  13,899.12  27.35   Yes! The Daily R1 is close to the Open.
 High  14,002.65  103.53   
 Weekly Pivot  14,015.63  12.98   Yes! The Weekly Pivot is close to the High.
 Daily R2  14,256.11  240.48   
 Weekly R1  14,267.03  10.91   Yes! The Weekly R1 is close to the Daily R2.
 Monthly Pivot  14,402.61  135.58   
 Weekly R2  14,991.93  589.32   
 Monthly R1  15,040.98  49.05   Yes! The Monthly R1 is close to the Weekly R2.
 Monthly R2  16,539.84  1,498.86   

Wednesday 1/26/22. A Look At Indicators

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.

In my view, this drop is well oversold (meaning it's time or nearly time to buy). Maybe after tomorrow's (Wednesday's) FED meeting the markets will settle down. So if I had cash to put into the market, I'd be buying. To put it another way, I think the markets will rebound and two years from now, you'll wish you'd bought. That's called buy-the-dip.

This chart is bearish. The index has made a swift drop and the CPI signaled a bearish turn soon after it happened (the red vertical bar on the far right of the chart). Good timing on that signal. However, both the CPI and index are still bearish. I will say that the indices seem to be turning or trying to turn. It's fighting to find a bottom. If I had to guess, I think we put in the low yesterday (Monday). I DO expect the markets to make a big rally tomorrow after the FED meeting. That's a guess, of course.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 44% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 36%.
The fewest was 8% on 03/15/2021.
And the most was 44% on 01/25/2022.
Shown as a blue line on the above chart...
The 459 stocks in my database are down an average of 20% from their yearly high.
A week ago, the average was 17%.
The peak was 8% on 03/15/2021.
And the bottom was 20% on 01/21/2022.

Both the blue and red lines are bearish this week compared to a week ago. No surprise there. I'm still struck by how the red line has been trending lower for months (most of the chart, really) even as the index has climbed.

That's profound bearish divergence.

This week, we have two bearish charts and yet I expect a big rally. You don't see hints of a bullish turn on the charts and world events (covid, inflation, Russia/Ukraine) will continue to make the markets volatile. In my view, when things look bleak and you feel like selling everything, that's the time to buy. I may follow my own advice and buy some QQQs other ETF. I won't be buying individual stocks because of the risk of them making a huge decline (often due to earnings). But the QQQs have made a nice drop, so it's like buying it on sale and the diversified nature of the ETF means you don't suffer as much from single-stock risk.

$ $ $

Here's a symbol list of 89 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ADTN, AJRD, AEL, APA, APOG, ARW, BBBY, BOOT, BAH, CENX, CHKP, CHD, CL, CMTL, CONN, COP, CSGS, CTS, XRAY, DVN, BOOM, FAST, FCX, GPS, GL, HP, HON, NSP, IPAR, IBKR, KALU, KBH, KSS, LZB, LAWS, LEG, LMT, LXU, MAN, MRO, MOS, MUR, NBR, NOV, OXY, ORI, OMC, PKE, PDCO, PTEN, PETS, PCG, RGS, REV, RLI, RES, SLB, SMG, SEE, SCCO, SCS, SRDX, RIG, SLCA, VLO, WLK, IEO, IEZ, IHE, IGE, EWM, EZA, PXJ, IXC, XLP. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

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Tuesday 1/25/22. Slider Trading Quiz!

The index climbed by 0.3% or 99.13 points. Since 10/01/1928 the index made 1125 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 620 occasions.
     Average loss was -0.6% on 505 occasions.
Expect the index to close higher 55.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 237/423 or 56.0% of the time.
     The prediction of the index closing lower has been right 44/93 or 47.3% of the time.

$ $ $

I show another slider trading quiz featuring Guess: GES.

$ $ $

Here's a symbol list of 170 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACIW, AMD, ALK, ALB, ALKS, AEE, AXP, AWI, ARW, ATO, BECN, BERY, BIG, BKH, BAH, BRC, BMY, BBW, CBT, CAL, CX, CNC, CENX, CRL, CHKP, CHD, CSCO, CTXS, CLF, CLX, CTSH, ED, CONN, CR, CRH, CTS, CW, DHR, DECK, XRAY, DDS, DUK, EQT, EXC, FICO, FAST, FOE, FMC, FORM, FCX, GNW, GS, GPRO, THG, HLIT, HE, HTLD, HL, HNI, HON, JBHT, IDA, IEX, ILMN, INCY, NSP, IIIN, IBKR, JKHY, JBLU, JNJ, KFRC, KMB, KSS, LZB, LNC, LMT, LXU, M, MCHX, MAS, MTRX, MRK, MGEE, MYGN, CNR, NCR, NEE, JWN, NOC, ORI, OMC, OTEX, PKG, PKE, PDCO, PAYX, PYPL, PFE, PCG, PICO, PEG, PHM, RLI, RCKY, RES, SEE, SLGN, SO, SCCO, SWN, SRDX, TEVA, TMO, TJX, TRV, UGI, VEEV, VRTX, WRB, XEL, ZBRA, IEZ, IHE, IDU, BOTZ, IYH, EWA, EWO, EWK, EWC, EWQ, EWG, EIS, EWI, EWJ, EWM, EWW, EPP, EWY, EWP, EWD, EWL, TUR, EWU, IEV, MXI, XLP. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Top

© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  32,459.13    
 Daily S2  32,707.95  248.81   
 Low  33,150.33  442.38   
 Weekly S2  33,319.73  169.40   
 Monthly S1  33,411.82  92.09   Yes! The Monthly S1 is close to the Weekly S2.
 Daily S1  33,536.22  124.41   Yes! The Daily S1 is close to the Monthly S1.
 61.8% Down from Intraday High  33,635.72  99.50   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  33,785.66  149.94   
 Weekly S1  33,842.11  56.45   Yes! The Weekly S1 is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  33,935.60  93.48   Yes! The 38.2% Down from Intraday High is close to the Weekly S1.
 Daily Pivot  33,978.61  43.01   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Open  34,070.61  92.00   Yes! The Open is close to the Daily Pivot.
 Close  34,364.50  293.89   
 High  34,420.99  56.49   Yes! The High is close to the Close.
 Weekly Pivot  34,751.94  330.95   
 Daily R1  34,806.88  54.95   Yes! The Daily R1 is close to the Weekly Pivot.
 Monthly Pivot  35,182.23  375.35   
 Daily R2  35,249.27  67.03   Yes! The Daily R2 is close to the Monthly Pivot.
 Weekly R1  35,274.32  25.06   Yes! The Weekly R1 is close to the Daily R2.
 Monthly R1  36,134.92  860.59   
 Weekly R2  36,184.15  49.23   Yes! The Weekly R2 is close to the Monthly R1.
 Monthly R2  37,905.33  1,721.18   

Monday 1/24/22. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

There's not a lot to say about the chart you see here. It's a picture of the Dow industrials on the daily scale.

I drew two trendlines, the first one on the bottom. It ends at A, today's (Friday's) low price. It suggests the index will turn upward here because of trendline support.

However, we have to factor in world events. Russia is poised to invade Ukraine and I expect that will happen. If it does, the indices will suffer, at least for a short time (days, not weeks).

We are still struggling with Covid and inflation, rising interest rates and other things which don't come to mind as I write this.

The top trendline isn't important because, at least for what's shown, it only connects 2 peaks.

So let's wait and see if the index turns upward.


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A Brief Look Back

Picture of a flower from my garden.

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: Down 543.34 points.
Wednesday: Down 339.82 points.
Thursday: Down 313.26 points.
Friday: Down 450.02 points.
Saturday: Holiday or other weird event!

For the Week...

The Dow industrials were down 1646.44 points or 4.6%.
The Nasdaq composite was down 1124.83 points or 7.6%.
The S&P 500 index was down 264.91 points or 5.7%.

Year to Date...

Dow Industrials
     7.3% down from the high of 36,952.65 on 01/05/2022.
     0.1% up from the low of 34,229.55 on 01/21/2022.
Nasdaq
     13.1% down from the high of 15,852.14 on 01/04/2022.
     0.0% up from the low of 13,764.24 on 01/21/2022.
S&P 500
     8.7% down from the high of 4,818.62 on 01/04/2022.
     0.1% up from the low of 4,395.34 on 01/21/2022.

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  33,797  34,031  34,464  34,698  35,131 
Weekly  33,287  33,776  34,719  35,208  36,151 
Monthly  32,426  33,346  35,149  36,069  37,872 
S&P500 (^GSPC): Daily  4,330  4,364  4,429  4,463  4,528 
Weekly  4,238  4,318  4,475  4,555  4,712 
Monthly  4,114  4,256  4,537  4,679  4,961 
Nasdaq (^IXIC): Daily  13,494  13,632  13,902  14,039  14,309 
Weekly  13,115  13,442  14,091  14,418  15,068 
Monthly  12,341  13,055  14,478  15,192  16,615 

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 142 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADTN, APD, AMZN, AMED, AEE, AXP, ABC, ANTM, APA, APOG, AWI, ADSK, AVA, BBBY, BERY, BBY, BIG, BKNG, BMY, BBW, CBT, CAL, CLS, CNC, CNP, CENX, CHKP, CSCO, CLNE, CLF, CTSH, CR, CRH, CTS, CW, DECK, DVN, EXP, EQT, EXC, FICO, FDX, FOE, FORM, FTNT, FCX, GPN, GL, GS, HLIT, HL, HSIC, HNI, HURC, INFN, IIIN, IBKR, IPG, ISRG, JBLU, KFRC, KSS, LDOS, LMT, LXU, M, MRO, MCHX, MAS, MRK, MOS, MUR, MYGN, NFLX, NJR, NEE, JWN, NWPX, OMC, PAYX, PYPL, PRFT, PFE, PFG, PRU, RJF, RLI, RES, SLB, SEIC, SWN, SUM, TJX, TZOO, SLCA, UNM, WRB, WMT, WLK, IYM, IAI, IYC, IEO, FDN, BOTZ, ICF, IAT, EWA, EWO, EWK, EWC, ECH, EWQ, EWG, EIS, EWI, EWP, EWD, EWT, PPA, ROBO, IEV, MXI, XLI, XLB, VAW. Clink this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Petroleum (Integrated)2. Petroleum (Integrated)
3. Semiconductor Cap Equip.3. Semiconductor Cap Equip.
4. Trucking/Transp. Leasing4. Trucking/Transp. Leasing
5. Semiconductor5. Semiconductor
6. Natural Gas (Diversified)6. Natural Gas (Diversified)
7. Homebuilding7. Homebuilding
8. Oilfield Svcs/Equipment8. Oilfield Svcs/Equipment
9. Insurance (Life)9. Insurance (Life)
10. Retail Building Supply10. Retail Building Supply
Best Performing AboveWorst Performing Below
50. Medical Supplies50. Medical Supplies
51. Medical Services51. Medical Services
52. Shoe52. Shoe
53. Drug53. Drug
54. Air Transport54. Air Transport
55. Apparel55. Apparel
56. Biotechnology56. Biotechnology
57. Financial Services57. Financial Services
58. Healthcare Information58. Healthcare Information
59. Retail (Special Lines)59. Retail (Special Lines)
60. Short ETFs60. Short ETFs

-- Thomas Bulkowski

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Friday 1/21/22. Pattern Trading Setups for the Weekend.

$ $ $

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: AXDX, ADBE, AA, ALKS, AXP, AFG, APH, ANTM, APOG, ADSK, BCPC, BECN, BERY, BBY, BIG, BKH, BA, BOOT, BRC, BBW, CAL, CLS, CHKP, CLF, CONN, GLW, COST, CRH, CTS, CMI, DECK, D, DTE, EBAY, EQT, RE, FICO, FAST, FIVN, FLS, GS, EVRG, HTLD, HL, HELE, HNI, DHI, NSP, IBP, IIIN, INTC, IPG, JKHY, KELYA, KFRC, KSS, LZB, LDOS, LEN, LMT, LXU, M, MCHX, MAS, MDC, FB, MGEE, MS, MYGN, NFG, NFLX, NTGR, NEU, NEE, JWN, NWPX, OMC, PDCO, PETS, PFE, PFG, RGS, RLI, RES, SLGN, SO, SWN, SCS, SUM, TGT, TKR, TJX, TOL, TZOO, UGI, VFC, WMB, WWW, IYM, ITB, IHE, IDU, FXI, ICF, SLV, EWA, EWZ, ECH, EWQ, EWH, EWI, EZA, EWL, PEJ, PJP, IXN, XLF, XLV, XLI. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
MMMDouble Top, Eve and Eve      01/05/202201/13/2022Diversified Co.
ACNDouble Top, Adam and Eve      12/16/202112/29/2021IT Services
APDDouble Top, Adam and Adam      12/15/202101/05/2022Chemical (Diversified)
ALBPipe top      01/03/202201/10/2022Chemical (Diversified)
AXPPipe top      01/03/202201/10/2022Financial Services
AAPLDouble Top, Eve and Eve      12/13/202101/04/2022Computers and Peripherals
AWIDouble Top, Adam and Eve      12/08/202101/04/2022Building Materials
BCPCTriple top      11/23/202112/30/2021Chemical (Specialty)
BKNGDouble Bottom, Eve and Adam      12/01/202112/15/2021Internet
BRCHead-and-shoulders top      12/07/202101/14/2022Chemical (Diversified)
CENXBroadening top, right-angled and ascending      12/23/202101/20/2022Metals and Mining (Div.)
CTXSDiamond top      12/28/202101/14/2022Computer Software and Svcs
CLFPipe top      01/03/202201/10/2022Metals and Mining (Div.)
CRHDouble Top, Adam and Adam      01/04/202201/13/2022Cement and Aggregates
DTETriangle, ascending      12/16/202101/13/2022Electric Utility (Central)
DUKTriple top      12/17/202101/10/2022Electric Utility (East)
EMRDouble Top, Adam and Eve      01/05/202201/13/2022Computers and Peripherals
EFXDouble Top, Eve and Eve      12/13/202112/29/2021Information Services
GPSDouble Top, Eve and Adam      01/05/202201/13/2022Apparel
GSPipe top      01/03/202201/10/2022Securities Brokerage
GOOGLThree Falling Peaks      11/19/202112/28/2021Internet
GGGDouble Top, Adam and Eve      12/13/202112/30/2021Machinery
GFFDouble Top, Adam and Eve      11/15/202112/29/2021Building Materials
GESDouble Top, Eve and Adam      12/08/202101/03/2022Apparel
HLITDouble Top, Adam and Adam      12/27/202101/04/2022Telecom. Equipment
HLPipe bottom      01/03/202201/10/2022Metals and Mining (Div.)
HSIIHead-and-shoulders top      12/27/202101/13/2022Human Resources
HELETriple top      12/16/202101/06/2022Toiletries/Cosmetics
HDDouble Top, Eve and Eve      12/06/202101/03/2022Retail Building Supply
HOVDouble Top, Adam and Eve      12/13/202112/28/2021Homebuilding
HUBGPipe top      12/27/202101/03/2022Trucking/Transp. Leasing
IEXTriple top      11/16/202101/05/2022Machinery
IDXXTriple top      10/29/202112/30/2021Drug
INTCDouble Top, Adam and Eve      01/05/202201/12/2022Semiconductor
IPGDouble Top, Adam and Adam      01/05/202201/13/2022Advertising
INTUThree Falling Peaks      11/19/202112/28/2021Computer Software and Svcs
ISRGDouble Top, Eve and Eve      11/05/202112/29/2021Medical Supplies
JNJDouble Top, Adam and Eve      12/16/202101/07/2022Medical Supplies
KELYADouble Top, Adam and Adam      01/05/202201/13/2022Human Resources
KBALDouble Top, Eve and Adam      01/05/202201/13/2022Furn/Home Furnishings
KSSBig W      12/20/202101/10/2022Retail Store
LAWSPipe top      12/27/202101/03/2022Metal Fabricating
LOWDouble Top, Adam and Eve      12/13/202101/04/2022Retail Building Supply
MTSITriple top      11/22/202112/28/2021Semiconductor
MLMDouble Top, Eve and Eve      12/16/202101/04/2022Cement and Aggregates
MTRXDouble Top, Eve and Eve      01/06/202201/13/2022Oilfield Svcs/Equipment
MDCTriple top      12/13/202101/13/2022Homebuilding
MUDouble Top, Eve and Adam      01/05/202201/13/2022Semiconductor
MSPipe top      01/03/202201/10/2022Securities Brokerage
JWNDouble Top, Eve and Adam      01/04/202201/13/2022Retail Store
OLNRectangle bottom      12/02/202101/19/2022Chemical (Basic)
ASGNTriple top      11/23/202101/04/2022Human Resources
OUTPipe top      12/27/202101/03/2022Advertising
PPGHead-and-shoulders top      12/16/202101/13/2022Chemical (Diversified)
QCOMTriple top      12/16/202101/13/2022Telecom. Equipment
RJFBroadening top      11/03/202112/29/2021Securities Brokerage
RLIDouble Top, Adam and Eve      12/16/202101/04/2022Insurance (Prop/Casualty)
SIGIThree Falling Peaks      12/16/202101/13/2022Insurance (Prop/Casualty)
SWNDouble Top, Adam and Adam      12/30/202101/12/2022Natural Gas (Diversified)
SUMTriple top      11/16/202101/05/2022Cement and Aggregates
TJXDouble Top, Adam and Eve      11/17/202101/04/2022Retail Store
TOLThree Falling Peaks      12/13/202101/13/2022Homebuilding
TSCODouble Top, Eve and Eve      12/16/202101/03/2022Retail Building Supply
TREXDouble Top, Eve and Eve      12/08/202112/28/2021Building Materials
VFCThree Falling Peaks      11/16/202101/05/2022Apparel
VMIPipe top      12/13/202112/13/2021Metal Fabricating
VCDouble Top, Adam and Adam      01/05/202201/13/2022Electronics
WSODouble Top, Eve and Eve      12/16/202101/03/2022Retail Building Supply
WDAYThree Falling Peaks      11/17/202112/27/2021Computer Software and Svcs
QTECDouble Top, Eve and Eve      11/19/202112/28/2021Electronics

 

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Thursday 1/20/22. Cryptocurrency DOGE-USD

The index dropped by -1.1% or -166.64 points. Since 02/05/1971 the Nasdaq index made 170 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.4% on 87 occasions.
     Average loss was -1.2% on 83 occasions.
Expect the index to close higher 51.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 234/408 or 57.4% of the time.
     The prediction of the index closing lower has been right 60/127 or 47.2% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of DOGE.

$ $ $

I show a picture of the cryptocurrency DOGE-USD on the daily scale.

The chart shows a double top at AB, confirmed when DOGE closed below the valley between the two peaks. I show that as the horizontal red line, and it happens at C.

You'll notice the two shorter peaks to the left and right of the letter D. That potential double top didn't confirm, and the currency continued higher. That's how unconfirmed patterns work.

After viewing cryptocurrencies for several months now, it appears that chart patterns work well with them. What we see coming now is a potential double bottom (the two lowest valleys on the chart). It hasn't confirmed yet, but it suggests an upward move is coming. We have to wait for confirmation to be sure.


$ $ $

Here's a symbol list of 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ALKS, ADS, AMZN, AXP, AIG, AMN, ANTM, AON, ACGL, AGO, ATO, ADP, AXS, BMI, BBBY, BIG, BMRN, BA, BBW, BG, CDNS, CALM, CLS, CNC, CHKP, CHS, CTXS, CLNE, CLF, CNA, CNO, CMI, DECK, RE, EVH, EXPD, EZPW, FDX, FLS, FWRD, FRD, GS, HAYN, HL, HD, DHI, IEX, TILE, ISRG, JKHY, JAZZ, JBLU, KBAL, LEN, LMT, LXU, MTSI, MNDT, MCHX, MDC, MS, MYGN, CNR, NJR, JWN, OMC, OTEX, PDCO, PAYX, PYPL, PRFT, PLXS, PPG, PHM, RMBS, RGA, REV, RES, SWN, SCS, SUM, SNPS, TKR, TOL, TRV, TZOO, UGI, UNM, VRSN, VC, VMC, WMB, XEL, ZBRA, IAI, ITB, IEZ, IHE, BOTZ, IAT, IYZ, SLV, EWO, EWK, EWZ, EIS, EWI, EWJ, EWM, EWY, EWP, TUR, DBA, ROBO, ILF, GLD. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  13,552.75    
 Weekly S2  13,941.04  388.29   
 Monthly S1  13,946.50  5.46   Yes! The Monthly S1 is close to the Weekly S2.
 Daily S2  14,116.36  169.86   
 Weekly S1  14,140.65  24.29   Yes! The Weekly S1 is close to the Daily S2.
 Daily S1  14,228.31  87.66   
 Low  14,331.65  103.34   
 Close  14,340.26  8.61   Yes! The Close is close to the Low.
 Daily Pivot  14,443.60  103.34   
 61.8% Down from Intraday High  14,456.66  13.06   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High  14,495.27  38.61   
 38.2% Down from Intraday High  14,533.88  38.62   
 Daily R1  14,555.55  21.67   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Open  14,582.22  26.67   Yes! The Open is close to the Daily R1.
 High  14,658.89  76.67   
 Weekly Pivot  14,729.84  70.95   
 Daily R2  14,770.84  41.00   
 Monthly Pivot  14,923.99  153.15   
 Weekly R1  14,929.45  5.46   Yes! The Weekly R1 is close to the Monthly Pivot.
 Monthly R1  15,317.74  388.29   
 Weekly R2  15,518.64  200.90   
 Monthly R2  16,295.23  776.59   

Wednesday 1/19/22. A Look At Indicators

Picture of plumbing problem

Here's a plumbing problem I faced today (Tuesday).

I show the equipment involved for a pressure test of the sewer line in the pic (this was taken years ago). You drop the balloon (the black ball at the end of the yellow pipe) down the clean out, inflate it, fill the pipe toward the house with water and see if the water doesn't drain away (it should hold steady).

After I finished the test, when I tried to remove the balloon from the clean out, I twisted the yellow pipe the wrong way. It unscrewed the balloon and it's now in the clean out (or so I thought).

Because the clean out had a break before, there's a gasket on the left end. So I cut the clean out pipe and removed the section from the gasket to the clean out, hoping to retrieve my balloon.

Know what I found? Nothing. The balloon appears to have moved toward the street. The balloon is a bit smaller than 3" around and the pipe it's now in is 4". So it can float toward the street. (I ran two snakes down the clean outs and didn't hit the balloon, so it must have floated toward the street).

Update: This morning I was in Home Depot shopping for a transition gasket and a plumber (not a Home Depot employee) asked if I needed help. I told him my situation and he said that the balloon will just float away.

So this morning (Wednesday), before it gets cold, I'll run a snake down the 4" line toward the street (to push the balloon down the pipe) and then bottle up the mess I created. And hope it doesn't plug.

$ $ $

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 still bearish as the chart shows with the red vertical line on the far right of the chart. The indicator line is approaching zero, too. That's bearish.

The 2022 forecast (slide 5) suggested that the first few weeks of the year would be weak, but the dip should not have taken us down so far.

The impending rise in interest rates, Omicron and Covid, and inflation all played their part to drive the markets down. However, I'm still optimistic that we'll see the index rise.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 36% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 32%.
The fewest was 8% on 03/15/2021.
And the most was 39% on 12/01/2021.
Shown as a blue line on the above chart...
The 459 stocks in my database are down an average of 17% from their yearly high.
A week ago, the average was 16%.
The peak was 8% on 03/15/2021.
And the bottom was 19% on 12/01/2021.

The red line, my favorite, took a steep dive today (Tuesday). Both lines are more bearish today than they were a week ago.

Much to my surprise, the downtrend that began in May seems to have continued. It's hard to see but the red line hasn't dropped below the prior valley (in mid December). So there's hope that this drop will form a three rising valleys type pattern and lead to another rise. That's promising.

Even after such a large drop, I'm still bullish. I'm still looking for the indices to recover.

$ $ $

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: ACN, APD, AMZN, AFG, AIG, APH, AON, ACGL, AWI, AVA, BMI, BSET, BBY, BMRN, BOOT, CDNS, CHKP, CSCO, CTXS, CLNE, CLX, CNA, CAG, GLW, COST, CCRN, EXP, EMN, EFX, EQT, EL, EXC, FAST, IT, GS, GGG, GFF, HSC, HAYN, HTLD, HD, NSP, IIIN, ISRG, JKHY, JAZZ, KBAL, KSS, LAWS, LEG, LOW, MTSI, M, MNDT, MLM, MCO, MS, MYGN, CNR, NEU, NEE, NKE, JWN, NWPX, OMC, PDCO, PAYX, PYPL, PPG, KWR, RGS, RGA, REV, ROK, ROST, RES, SIGI, SWN, SNPS, TPX, TJX, TZOO, TG, TREX, SLCA, VRSN, WAT, WMB, IAI, IYC, IHE, IDU, DDM, BOTZ, ICF, IAT, IYZ, SLV, EWA, EWO, EEM, EWJ, EWM, EWY, EWD, THD, DBA, PXJ, PHO, ROBO, MXI, GLD, XHB, XLU, USO. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

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Tuesday 1/18/22. Slider Trading Quiz!

The index dropped by -0.6% or -201.81 points. Since 10/01/1928 the index made 682 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 352 occasions.
     Average loss was -0.7% on 330 occasions.
Expect the index to close higher 51.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 237/422 or 56.2% of the time.
     The prediction of the index closing lower has been right 44/93 or 47.3% of the time.

$ $ $

I show another slider trading quiz featuring Goodrich: GR.

$ $ $

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: ACN, AEIS, AFL, APD, AKAM, AEL, ABC, AMGN, AON, AMAT, ARCB, AWI, AGO, AVA, BLL, BOOT, CX, CHKP, CVX, CMCO, COST, CROX, CCRN, DECK, BOOM, EIX, EFX, EL, EXC, FDS, FAST, FORM, IT, GD, GL, GPRO, GGG, GFF, HLIT, HTLD, HD, HUBG, IDA, IEX, NSP, IPAR, IBKR, ISRG, JKHY, KLIC, LRCX, LAWS, LNC, LOW, LXU, MLM, MU, MLKN, MCO, NBR, NEU, NKE, JWN, OXY, OGE, OMC, OUT, OXM, PDCO, PTEN, PYPL, PCG, PINC, KWR, RGS, REV, ROK, ROST, SCHW, SAIC, SEE, SHW, SWN, SCS, TPX, TEVA, TJX, RIG, TREX, SLCA, UGI, UPS, VLO, VRSN, VMC, WERN, WLK, WEX, WSM, IYM, IYC, IHI, IEO, IEZ, IHE, QTEC, FXL, BOTZ, ICF, EWH, EWJ, EWM, EPP, EWD, EWL, DBA, PXJ, PHO, IEV, MXI, GLD, XLK, XLU. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Top

© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  33,556.17    
 Monthly S1  34,733.99  1,177.82   
 Weekly S2  35,147.96  413.98   
 Daily S2  35,494.97  347.00   
 Weekly S1  35,529.89  34.92   Yes! The Weekly S1 is close to the Daily S2.
 Low  35,641.49  111.60   
 Daily S1  35,703.39  61.90   
 61.8% Down from Intraday High  35,777.08  73.69   
 50% Down from Intraday High  35,818.96  41.88   
 Monthly Pivot  35,843.32  24.36   Yes! The Monthly Pivot is close to the 50% Down from Intraday High.
 Daily Pivot  35,849.91  6.59   Yes! The Daily Pivot is close to the Monthly Pivot.
 38.2% Down from Intraday High  35,860.84  10.93   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  35,911.81  50.96   
 High  35,996.43  84.62   
 Open  35,996.43  0.00   Yes! The Open is close to the High.
 Weekly Pivot  36,021.88  25.45   Yes! The Weekly Pivot is close to the Open.
 Daily R1  36,058.33  36.45   
 Daily R2  36,204.85  146.52   
 Weekly R1  36,403.80  198.95   
 Weekly R2  36,895.80  492.00   
 Monthly R1  37,021.14  125.34   
 Monthly R2  38,130.47  1,109.33   

Monday 1/17/22. Feeding ThePatternSite.

Picture of my dog

Today is a trading holiday in the US.

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

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

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

  2. You can click on an ad. Please don't click on them just to run up the score. Google frowns on that. If you see something of interest, then click the ad and visit their site. Ad sales are where most of the financial support for the site comes from. Some of you may have to turn off your ad blocker to see the ads.
  3.  
  4. Finally, you can donate to the site directly. The home page (and some other pages as well) has a Donate link at the bottom of the page. For a limited time and while supplies last, I'll throw in a free book to those with addresses in the US who donate $100 or more. See the donate page for details.

Thanks! -- Tom Bulkowski

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Friday 1/14/22. Pattern Trading Setups for the Weekend.

$ $ $

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: AXDX, AKAM, ALKS, AEE, AXP, AMN, AWI, ASH, AGO, AVA, BCPC, BLL, BECN, BOOT, CHKP, CNO, CMCO, COST, COTY, CROX, CCK, CTS, DDS, DTE, EMN, EPAM, EL, EZPW, FDS, FORM, IT, GNW, GOOGL, HD, HOV, HUBG, JBHT, ILMN, IPAR, IBKR, IVC, JKHY, JAZZ, JBLU, KBH, KLAC, LAWS, LXU, MAN, MAS, MDC, MCO, MS, NKE, OMCL, OMC, OTEX, OUT, OXM, PANW, PDCO, PTEN, PPL, PINC, PHM, DGX, RMBS, RJF, REV, ROG, SAIC, SXI, SCS, TDC, TER, TEVA, TXN, TOL, TSCO, VRSN, WERN, WLK, WMB, WDAY, IYM, IAI, IHI, IEO, IEZ, IHE, ICF, IGE, EWA, EWO, EWC, EWQ, EWG, EWH, EWJ, EWM, EPP, EWS, EWP, EWD, EWL, EWT, EWU, DBA, PBE, PXJ, IEV, IXC, ILF, SSO, MXI, XLP, USO, SMH. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ASHDouble Bottom, Eve and Adam      12/01/202112/20/2021Chemical (Basic)
BSETUgly double bottom      12/01/202112/20/2021Furn/Home Furnishings
BADouble Bottom, Adam and Adam      12/01/202112/20/2021Aerospace/Defense
BOOTPipe top      12/27/202101/03/2022Shoe
CCKBroadening bottom      11/30/202112/31/2021Packaging and Container
DRQTriangle, symmetrical      12/08/202112/27/2021Oilfield Svcs/Equipment
BOOMDouble Bottom, Eve and Eve      12/02/202112/15/2021Metal Fabricating
EPAMPipe top      12/06/202112/13/2021IT Services
FASTDouble Top, Eve and Eve      12/13/202112/30/2021Retail Building Supply
HSIIUgly double bottom      12/20/202112/31/2021Human Resources
HPUgly double bottom      12/02/202112/20/2021Petroleum (Producing)
HDPipe top      12/27/202101/03/2022Retail Building Supply
HONDouble Bottom, Eve and Adam      12/01/202112/20/2021Aerospace/Defense
DHIDouble Top, Adam and Eve      12/13/202112/31/2021Homebuilding
NSPPipe top      12/27/202101/03/2022Human Resources
IBPTriple top      11/22/202112/28/2021Retail Building Supply
IPARPipe top      12/27/202101/03/2022Toiletries/Cosmetics
JBLUPipe bottom      11/22/202111/29/2021Air Transport
JNJUgly double bottom      11/30/202112/21/2021Medical Supplies
KALUDouble Bottom, Eve and Eve      11/30/202112/20/2021Metals and Mining (Div.)
LHXHead-and-shoulders bottom      12/01/202101/05/2022Aerospace/Defense
LHDouble Top, Eve and Eve      12/16/202112/31/2021Medical Services
LENDouble Top, Eve and Eve      12/13/202112/29/2021Homebuilding
LLYDouble Top, Adam and Eve      12/16/202112/30/2021Drug
MHOPipe top      12/06/202112/13/2021Homebuilding
MTRXPipe bottom      12/20/202112/27/2021Oilfield Svcs/Equipment
FBUgly double bottom      12/03/202112/20/2021E-Commerce
MCOTriangle, ascending      11/16/202112/31/2021Information Services
OMCCup with handle      10/15/202101/13/2022Advertising
OXMPipe top      12/27/202101/03/2022Apparel
PCGTriple bottom      12/03/202101/06/2022Electric Utility (West)
ROKTriple top      11/22/202112/30/2021Diversified Co.
SLBDouble Bottom, Eve and Adam      12/02/202112/20/2021Oilfield Svcs/Equipment
SEICUgly double bottom      12/20/202101/03/2022IT Services
SWNTriangle, symmetrical      12/02/202101/11/2022Natural Gas (Diversified)
SCSUgly double bottom      12/20/202101/11/2022Furn/Home Furnishings
TEVABroadening bottom      12/03/202101/13/2022Drug
TMOTriple top      11/26/202112/31/2021Precision Instrument
TOLPipe top      12/06/202112/13/2021Homebuilding
WSOPipe top      12/06/202112/13/2021Retail Building Supply
WUHead-and-shoulders bottom      11/03/202112/20/2021Financial Services

 

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Thursday 1/13/22. Intraday Market Direction: Nasdaq

The index climbed by 0.2% or 34.94 points. Since 02/05/1971 the index made 698 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 405 occasions.
     Average loss was -0.8% on 293 occasions.
Expect the index to close higher 58.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 234/407 or 57.5% of the time.
     The prediction of the index closing lower has been right 60/127 or 47.2% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

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

I drew a horizontal line at A joining B. It shows overhead resistance and underlying support circling around that line.

At A, we see the index bumping up against overhead resistance. At B, it's less clear if it's support or resistance. What it shows is that the index is hung up at the line.

Will it make its move? Certainly, but when and in what direction, I don't know. My feeling is the index will move higher. It was trending up going into today's (Wednesday's) move. The above probabilities also support a move upward.

$ $ $

Here's a symbol list of 136 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AEIS, DOX, AEO, AEP, AXP, ANIK, APA, AMAT, AVY, AXS, BLL, BIIB, BOOT, BG, CALM, CLS, CHD, CINF, CLX, COTY, CRH, CCK, CMI, CW, XRAY, DFS, ^DJI, DRQ, EMN, EBAY, EIX, EFX, EVH, EZPW, FIS, FIVN, FORM, FWRD, GIS, GNW, GL, GS, GOOGL, GES, HSY, HD, HON, HUBG, JBHT, IPAR, IVC, NVTA, JKHY, JAZZ, JNJ, KALU, K, KFRC, KLAC, KLIC, LAMR, LAWS, LOW, MAN, MRTN, MAS, MS, MOS, CNR, NTGR, NEU, NOC, NUS, ORI, OMC, OUT, OXM, PDCO, PTEN, PETS, PICO, PHM, DGX, RL, REV, RES, SLB, SAIC, SMG, SHW, SLGN, SCCO, SR, SXI, TDC, TEVA, TMO, TSCO, TZOO, TG, TREX, SLCA, UNM, V, WRB, WERN, WSM, IAI, DDM, FXI, ICF, SLV, EWO, ECH, EEM, EWG, EWH, EWS, EZA, EWY, TUR, EWU, PPA, PBE, PJP, IXC, ILF, UNG, USO. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  14,275.20    
 Weekly S2  14,331.54  56.34   
 Monthly S1  14,731.80  400.25   
 Weekly S1  14,759.97  28.17   
 Daily S2  15,006.50  246.53   
 Daily S1  15,097.44  90.95   
 Low  15,117.29  19.85   Yes! The Low is close to the Daily S1.
 Close  15,188.39  71.10   
 61.8% Down from Intraday High  15,194.35  5.96   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  15,208.24  13.88   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  15,218.16  9.92   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  15,241.96  23.80   
 Open  15,263.10  21.13   
 Daily R1  15,299.18  36.08   
 Weekly Pivot  15,306.05  6.87   Yes! The Weekly Pivot is close to the Daily R1.
 Monthly Pivot  15,316.63  10.58   Yes! The Monthly Pivot is close to the Weekly Pivot.
 High  15,319.03  2.40   Yes! The High is close to the Monthly Pivot.
 Daily R2  15,409.98  90.95   
 Weekly R1  15,734.48  324.50   
 Monthly R1  15,773.23  38.75   
 Weekly R2  16,280.56  507.34   
 Monthly R2  16,358.06  77.50   

Wednesday 1/12/22. A Look At Indicators

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 indicator turned bearish (vertical red bar on the far right of the chart) a week ago. Because a signal can change for up to a week, it appears the signal won't disappear.

The indicator near the bottom of the chart shows it ticking up today (Tuesday). That's good for bulls, and it shows that the markets should turn upward.

But as I mentioned, that slight uptick could be bogus. We'll have to wait and see.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 29% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 24%.
The fewest was 8% on 03/15/2021.
And the most was 39% on 12/01/2021.
Shown as a blue line on the above chart...
The 459 stocks in my database are down an average of 15% from their yearly high.
A week ago, the average was 14%.
The peak was 8% on 03/15/2021.
And the bottom was 19% on 12/01/2021.

The red line, which is the more sensitive of the two, showed a big drop from the last week.

That's bearish. Even the more staid blue line dropped this week.

However, if you look at the red line, notice that the valleys are forming higher lows. I hope that makes sense. Each low is above the prior one, at least since December. So I view that development as bullish.

Even though this week showed weakness, the larger picture is bullish. Along with the prior chart, which is bullish, too, it looks like the market should rise over the next week.

$ $ $

Here's a symbol list of 121 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACIW, ADBE, ADTN, AEIS, AES, AKAM, AA, ADS, AEO, AMWD, ABC, AMN, ANTM, AMAT, ARW, AVY, AXS, BLL, BA, BKNG, BOOT, BBW, BG, CAL, CLS, CENX, CRL, CLF, CTSH, CCRN, DHR, DDS, DTE, FIS, FISV, FLEX, FORM, FDP, GIS, GNW, GOOGL, GES, HAYN, HTLD, HD, HUBG, JBHT, IDA, ILMN, NSP, ITGR, IPAR, JKHY, K, KFRC, LH, LAWS, LLY, LOW, LXU, MANH, MAS, MSFT, MS, MUR, NEU, NKE, OMC, OUT, OMI, OXM, PKG, PDCO, PETS, PCG, PGR, PHM, KWR, RES, CRM, SEE, NOW, SLGN, SWN, SNPS, TECH, TFX, TDC, TXN, TSCO, TG, VEEV, WERN, WLK, WWW, WDAY, IHE, DDM, ICF, IYH, IHF, ECH, EEM, EWM, EWS, EZA, DBA, PBE, PEJ, GLD, XLV, XAR, VHT. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

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Tuesday 1/11/22. Slider Trading Quiz! General Electric

The index dropped by -0.4% or -162.79 points. Since 10/01/1928 the index made 932 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 472 occasions.
     Average loss was -0.7% on 460 occasions.
Expect the index to close higher 50.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 236/421 or 56.1% of the time.
     The prediction of the index closing lower has been right 44/93 or 47.3% of the time.

$ $ $

I show another slider trading quiz featuring General Electric: GE

$ $ $

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: DDD, ANF, AYI, AES, ALKS, AYX, AMZN, AEE, AMN, AON, AMAT, ARW, ADP, AVA, BMI, BIG, BBW, BG, CALM, CF, CRL, CHS, CLNE, CTSH, ED, COST, COTY, CRH, CCRN, CW, DECK, DDS, D, EMR, WIRE, EPAM, EFX, EL, EVH, XOM, FAST, FIS, FDP, IT, GE, GNW, GPN, EVRG, GES, HSC, HAYN, HQY, HTLD, HSII, HSIC, HD, IDA, IEX, ILMN, NSP, ITGR, TILE, IPG, IPI, JKHY, JAZZ, KFRC, KSS, LHX, LRCX, LAMR, LDOS, LNC, LOW, LXU, MNDT, MCHX, MLM, MA, MTRX, FB, MU, MCO, MUR, MYGN, NBR, NFG, CNR, NTGR, NJR, NEU, NKE, OMC, ASGN, OMI, PKG, PTEN, PAYX, PRFT, PINC, PGR, KWR, QCOM, RL, ROST, SEE, SWN, SCS, SUM, SRDX, TPR, TPX, TER, TEVA, TJX, TREX, V, VC, WRB, WSO, WU, WLK, WOLF, WWW, IYC, IHI, BOTZ, ICF, EWA, EWG, EWD, EWL, TUR, DBA, PHO, ROBO, IXC, XLY, XLF, XHB, XRT, VIS. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  33,073.95    
 Monthly S1  34,571.41  1,497.46   
 Daily S2  35,426.10  854.69   
 Weekly S2  35,536.56  110.46   
 Low  35,639.96  103.40   
 Daily S1  35,747.48  107.52   
 Monthly Pivot  35,762.03  14.55   Yes! The Monthly Pivot is close to the Daily S1.
 Weekly S1  35,802.71  40.68   Yes! The Weekly S1 is close to the Monthly Pivot.
 61.8% Down from Intraday High  35,844.43  41.71   Yes! The 61.8% Down from Intraday High is close to the Weekly S1.
 50% Down from Intraday High  35,907.59  63.16   
 Daily Pivot  35,961.35  53.76   
 38.2% Down from Intraday High  35,970.75  9.40   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  36,068.87  98.13   
 High  36,175.21  106.34   
 Open  36,175.21  0.00   Yes! The Open is close to the High.
 Daily R1  36,282.73  107.52   
 Weekly Pivot  36,377.68  94.95   
 Daily R2  36,496.60  118.91   
 Weekly R1  36,643.84  147.24   
 Weekly R2  37,218.80  574.97   
 Monthly R1  37,259.49  40.68   Yes! The Monthly R1 is close to the Weekly R2.
 Monthly R2  38,450.11  1,190.62   

Monday 1/10/22. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transports on the daily scale.

Shown is the Dow transports index on the daily scale.

It appears that pattern AB is a double bottom but it isn't. Rather, it's just squiggles on the chart. Why?

Answer: Because it hasn't confirmed as a valid chart pattern. Still confused? To confirm the pattern, the index has to close above the peak between the two bottoms. I show that with line C. You can see on the chart that the index didn't close above that line (at least so far).

Compare the potential double bottom at AB with the one at D. The move in the index (after double bottom D) is how the pattern is supposed to behave. It confirms and price rockets upward. Unfortunately, that's rare when you see such a strong push higher.

It looks at if the index is going lower but it could just be pausing before moving up.


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A Brief Look Back

Picture of a flower from my garden.

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 246.76 points.
Tuesday: Up 214.59 points.
Wednesday: Down 392.54 points.
Thursday: Down 170.64 points.
Friday: Down 4.81 points.

For the Week...

The Dow industrials were down 106.64 points or 0.3%.
The Nasdaq composite was down 709.07 points or 4.5%.
The S&P 500 index was down 89.15 points or 1.9%.

Year to Date...

Dow Industrials
     2.0% down from the high of 36,952.65 on 01/05/2022.
     0.3% up from the low of 36,111.53 on 01/07/2022.
Nasdaq
     5.8% down from the high of 15,852.14 on 01/04/2022.
     0.4% up from the low of 14,877.63 on 01/07/2022.
S&P 500
     2.9% down from the high of 4,818.62 on 01/04/2022.
     0.3% up from the low of 4,662.74 on 01/07/2022.

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  35,971  36,101  36,242  36,372  36,513 
Weekly  35,591  35,911  36,432  36,752  37,273 
Monthly  33,128  34,680  35,816  37,368  38,504 
S&P500 (^GSPC): Daily  4,637  4,657  4,683  4,702  4,728 
Weekly  4,564  4,620  4,719  4,776  4,875 
Monthly  4,340  4,509  4,664  4,832  4,987 
Nasdaq (^IXIC): Daily  14,701  14,819  14,995  15,112  15,288 
Weekly  14,247  14,592  15,222  15,566  16,196 
Monthly  14,191  14,563  15,232  15,605  16,274 

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 will be starting in about 6 days.

Here's a symbol list of 133 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, AMD, AKAM, AA, ADS, AEP, AMGN, APH, ANTM, AON, ARW, ATO, AVA, AZTA, BMI, BMRN, BBW, CBT, CRL, CAG, D, DUK, BOOM, EIX, EMR, WIRE, EOG, EPAM, FOE, FIS, IT, GE, HSC, HSII, DHI, IDXX, NSP, IPG, ISRG, IVC, JKHY, JBLU, JNJ, KBH, KFRC, LHX, LH, L, LXU, MHO, MTSI, MAN, MCHX, MTRN, MTRX, MGEE, MU, MCO, MYGN, NBR, ^IXIC, NFLX, NTAP, NI, NWPX, OMC, OTEX, PKE, PRFT, PICO, POR, PPG, PPL, PG, PEG, QCOM, DGX, RMBS, ROST, RES, ^GSPC, SLB, SCHW, SO, SCS, SUM, TPX, TEVA, TXN, TMO, TRV, TREX, SLCA, UGI, VRTX, VC, VMC, WRB, WMT, WU, WEX, ITB, FTEC, BOTZ, IYH, IHF, IGV, EWO, EWK, EWJ, EWT, TUR, QLD, PXJ, QQQ, PHO, ROBO, IXC, ILF, XLF, XHB, SPY, MGK. Clink this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Trucking/Transp. Leasing1. Trucking/Transp. Leasing
2. Petroleum (Integrated)2. Retail Building Supply
3. Semiconductor Cap Equip.3. Semiconductor Cap Equip.
4. Natural Gas (Diversified)4. Cement and Aggregates
5. Cement and Aggregates5. Semiconductor
6. Retail Building Supply6. Precision Instrument
7. Petroleum (Producing)7. Natural Gas (Diversified)
8. Securities Brokerage8. Retail Store
9. Semiconductor9. Homebuilding
10. Insurance (Life)10. Human Resources
Best Performing AboveWorst Performing Below
50. Diversified Co.50. Natural Gas (Distributor)
51. Drug51. Aerospace/Defense
52. E-Commerce52. Investment Co. (Foreign)
53. Medical Services53. Air Transport
54. Oilfield Svcs/Equipment54. Biotechnology
55. Financial Services55. Financial Services
56. Apparel56. Healthcare Information
57. Biotechnology57. Apparel
58. Retail (Special Lines)58. Retail (Special Lines)
59. Short ETFs59. Short ETFs
60. Healthcare Information60. Oilfield Svcs/Equipment

-- Thomas Bulkowski

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Friday 1/7/22. 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: ANF, ACN, AES, ALK, AFG, ABC, AIZ, ATO, BSET, BZH, BBBY, BBY, CE, CENX, CRL, CHKP, CLNE, CSGS, DECK, XRAY, D, EXP, EBAY, EIX, EPAM, FIS, FMC, FCX, IT, GS, GGG, HE, HP, HSIC, HD, DHI, IEX, ILMN, NSP, IBP, IPAR, IVC, JKHY, K, KLAC, MTRX, MDC, MCO, NFG, CNR, NFLX, NTGR, NJR, NEE, NXGN, NKE, NI, NWPX, OLN, OTEX, PKG, PKE, PYPL, PRFT, PCG, PICO, PLXS, PPG, PPL, PG, PHM, KWR, RL, RGS, ROK, SO, SWN, SCS, TFX, TRV, TREX, UGI, VMI, V, VC, WRB, WERN, IYM, IYE, ITB, IYH, IHF, SLV, EWJ, EWM, EPP, EWY, TUR, EWU, DBA, PXJ, XHB, XLB, XLU, USO. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
MMMDouble Bottom, Eve and Eve      12/03/202112/20/2021Diversified Co.
AXDXPipe bottom      12/06/202112/13/2021Medical Services
ALKPipe bottom      11/22/202111/29/2021Air Transport
AAPipe bottom      11/29/202112/06/2021Aerospace/Defense
AMEDUgly double bottom      12/06/202112/20/2021Medical Services
AELPipe bottom      11/22/202111/29/2021Insurance (Life)
AIGDouble Bottom, Eve and Adam      12/01/202112/20/2021Insurance (Prop/Casualty)
APHDouble Bottom, Eve and Adam      12/01/202112/20/2021Electronics
APAPipe bottom      12/13/202112/20/2021Petroleum (Producing)
APOGDouble Bottom, Adam and Adam      11/30/202112/20/2021Building Materials
ACGLScallop, ascending and inverted      11/30/202112/20/2021Insurance (Prop/Casualty)
ARWThree Rising Valleys      09/20/202112/02/2021Electronics
AGOPipe bottom      12/13/202112/20/2021Insurance (Life)
ADSKUgly double bottom      11/24/202112/14/2021Computer Software and Svcs
ADPDouble Bottom, Adam and Adam      12/01/202112/20/2021IT Services
AVNTPipe bottom      12/13/202112/20/2021Chemical (Specialty)
AXSDouble Bottom, Eve and Adam      11/30/202112/20/2021Insurance (Prop/Casualty)
BECNPipe bottom      12/13/202112/20/2021Retail Building Supply
BIOPipe top      10/25/202111/01/2021Medical Supplies
BAPipe bottom      12/13/202112/20/2021Aerospace/Defense
BOOTPipe top      11/15/202111/22/2021Shoe
BGTriple bottom      12/02/202112/20/2021Food Processing
CBTDouble Bottom, Adam and Adam      12/01/202112/20/2021Chemical (Diversified)
CACIDouble Bottom, Adam and Adam      12/01/202112/20/2021IT Services
CALMDouble Bottom, Adam and Adam      12/17/202112/29/2021Food Processing
CLSDouble Bottom, Eve and Adam      12/01/202112/20/2021Electronics
CLFPipe bottom      12/13/202112/20/2021Metals and Mining (Div.)
CLRPipe bottom      12/13/202112/20/2021Petroleum (Producing)
GLWHead-and-shoulders bottom      12/01/202101/03/2022Telecom. Equipment
COSTRising wedge      11/29/202101/04/2022Retail Store
COTYDouble Bottom, Eve and Eve      12/02/202112/20/2021Toiletries/Cosmetics
CRPipe bottom      12/20/202112/20/2021Diversified Co.
DHRDouble Top, Eve and Eve      11/30/202112/31/2021Precision Instrument
DVNPipe bottom      12/13/202112/20/2021Natural Gas (Diversified)
DFSDouble Bottom, Eve and Adam      12/01/202112/20/2021Financial Services
EXPDouble Bottom, Eve and Adam      12/01/202112/20/2021Cement and Aggregates
EIXTriple top      12/07/202112/29/2021Electric Utility (West)
EOGPipe bottom      12/13/202112/20/2021Natural Gas (Distributor)
EQTPipe bottom      11/29/202112/06/2021Natural Gas (Diversified)
REHead-and-shoulders bottom      10/29/202112/20/2021Insurance (Prop/Casualty)
XOMDouble Bottom, Eve and Adam      12/02/202112/20/2021Petroleum (Integrated)
FISRounding bottom      11/12/202101/06/2022Computer Software and Svcs
FLSPipe bottom      12/13/202112/20/2021Machinery
FTNTPipe bottom      11/29/202112/06/2021Computer Software and Svcs
FCXTriple bottom      11/26/202112/15/2021Metals and Mining (Div.)
FRDBig W      12/13/202112/31/2021Building Materials
GPSDouble Bottom, Eve and Eve      12/02/202112/15/2021Apparel
GEPipe bottom      12/13/202112/20/2021Diversified Co.
GNWDouble Bottom, Eve and Adam      11/30/202112/20/2021Insurance (Life)
GLDouble Bottom, Adam and Adam      12/01/202112/20/2021Insurance (Life)
GPROTriangle, symmetrical      11/18/202101/06/2022Electronics
GFFDouble Bottom, Adam and Adam      11/16/202112/20/2021Building Materials
THGPipe top      12/06/202112/13/2021Insurance (Prop/Casualty)
HPPipe bottom      11/29/202112/06/2021Petroleum (Producing)
IPGUgly double bottom      11/30/202112/20/2021Advertising
ISRGPipe bottom      11/29/202112/06/2021Medical Supplies
IVCDouble Bottom, Adam and Eve      12/06/202112/20/2021Medical Supplies
JBLUTriangle, ascending      12/01/202101/06/2022Air Transport
KALUPipe bottom      12/13/202112/20/2021Metals and Mining (Div.)
LZBDouble Bottom, Eve and Adam      12/01/202112/20/2021Furn/Home Furnishings
LMTThree Rising Valleys      11/03/202112/20/2021Aerospace/Defense
MANDouble Bottom, Eve and Adam      12/01/202112/20/2021Human Resources
MROPipe bottom      12/13/202112/20/2021Petroleum (Integrated)
MCHXRectangle bottom      11/30/202101/06/2022Advertising
MRTNPipe bottom      12/13/202112/20/2021Trucking/Transp. Leasing
MRKUgly double bottom      12/07/202101/03/2022Drug
MCOPipe top      10/25/202111/01/2021Information Services
NBRPipe bottom      11/29/202112/06/2021Oilfield Svcs/Equipment
NFGThree Rising Valleys      11/04/202112/20/2021Natural Gas (Diversified)
NOVUgly double bottom      12/02/202112/20/2021Oilfield Svcs/Equipment
NTGRRising wedge      11/15/202101/06/2022Telecom. Equipment
NWLDouble Bottom, Adam and Adam      12/01/202112/20/2021Household Products
NWPXPipe bottom      12/13/202112/20/2021Building Materials
OXYPipe bottom      12/13/202112/20/2021Petroleum (Producing)
OMCUgly double bottom      11/26/202112/20/2021Advertising
OUTPipe bottom      12/13/202112/20/2021Advertising
OMIDouble Bottom, Eve and Eve      12/02/202112/14/2021Medical Supplies
OXMPipe bottom      12/13/202112/20/2021Apparel
PANWThree Rising Valleys      10/04/202112/06/2021Computer Software and Svcs
PATKDouble Bottom, Adam and Adam      12/13/202112/20/2021Retail Building Supply
PTENUgly double bottom      12/02/202112/20/2021Oilfield Svcs/Equipment
PNWTriangle, ascending      10/20/202112/22/2021Electric Utility (West)
PPLRising wedge      11/10/202101/06/2022Electric Utility (East)
PRUDouble Bottom, Eve and Adam      12/01/202112/20/2021Insurance (Life)
DGXDouble Top, Eve and Eve      12/17/202112/31/2021Medical Services
RGAPipe bottom      11/22/202111/29/2021Insurance (Life)
RLIDiamond top      11/03/202101/03/2022Insurance (Prop/Casualty)
RCKYDouble Bottom, Eve and Adam      12/02/202112/20/2021Shoe
ROSTPipe bottom      12/13/202112/20/2021Retail (Special Lines)
RESUgly double bottom      12/02/202112/20/2021Oilfield Svcs/Equipment
SCCODouble Bottom, Eve and Eve      11/26/202112/20/2021Metals and Mining (Div.)
LUVPipe bottom      12/13/202112/20/2021Air Transport
SXIPipe bottom      12/13/202112/20/2021Diversified Co.
SUMDouble Bottom, Eve and Adam      12/01/202112/20/2021Cement and Aggregates
SRDXBig W      12/02/202112/17/2021Medical Supplies
TDOCTriangle, descending      12/06/202101/04/2022Healthcare Information
TFXUgly double bottom      12/01/202112/20/2021Diversified Co.
TPXHead-and-shoulders complex bottom      10/28/202112/20/2021Furn/Home Furnishings
TDCTriangle, symmetrical      11/29/202112/17/2021Computer Software and Svcs
TKRPipe bottom      12/13/202112/20/2021Metal Fabricating
RIGTriple bottom      12/06/202112/31/2021Oilfield Svcs/Equipment
UGIUgly double bottom      11/30/202112/20/2021Natural Gas (Distributor)
UNMBig W      12/01/202112/20/2021Insurance (Diversified)
VLOPipe bottom      12/13/202112/20/2021Petroleum (Integrated)
VCPipe bottom      12/13/202112/20/2021Electronics
WERNDouble Bottom, Adam and Adam      12/02/202112/20/2021Trucking/Transp. Leasing
WLKDouble Bottom, Adam and Eve      12/02/202112/20/2021Chemical (Basic)
WEXDouble Bottom, Eve and Eve      12/01/202112/15/2021Information Services

 

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Thursday 1/6/22. Cryptocurrency Ethereum: Bearish

The Nasdaq dropped by -3.3% or -522.55 points. Since 02/05/1971 the index made 17 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.6% on 8 occasions.
     Average loss was -1.4% on 9 occasions.
Expect the index to close lower 52.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 234/407 or 57.5% of the time.
     The prediction of the index closing lower has been right 59/126 or 46.8% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

I show a picture of Ethereum on the daily scale.

AB is a confirmed double bottom chart pattern. It confirms when the currency closes above the peak (C) between the two bottoms, which it does going up to D. Confirmation means the currency is going higher.

Unfortunately, it was a fake bullish breakout and the currency tumbled. Combined with the peak(s) in early November, it made a double or even a triple top, suggesting a bearish move. That move took the index lower to where it is now.

It still looks bearish to me, so I expect additional declines.

$ $ $

Here's a symbol list of 184 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ADBE, AES, APD, ATSG, ALK, ADS, AEL, AFG, AIG, APA, ACGL, ARW, AIZ, AVNT, BSET, BZH, BBBY, BBY, BMY, BLDR, CAL, CLS, CRL, CVX, CINF, CLNE, CLF, CNA, CGNX, CLR, XRAY, DDS, ^DJT, D, DOV, BOOM, EXP, EBAY, WIRE, EPAM, EFX, EQT, EVH, XOM, EZPW, FAST, FIS, FMC, FORM, FCX, FDP, GNW, GL, GS, GOOGL, GPRO, GGG, HBI, THG, HSC, HD, HUBG, IEX, NSP, IBP, IBKR, IPG, IVC, JKHY, JBLU, JNJ, KSS, LHX, LRCX, LAMR, LANC, L, LXU, M, MCHX, MRTN, MTRX, MDC, MSFT, MLKN, MCO, MLI, NBR, ^IXIC, NOV, CNR, NWL, NEU, NKE, JWN, ORI, OMCL, OMI, PATK, PTEN, PYPL, PRFT, PFE, PICO, PNW, KWR, RL, RGA, ROK, RES, CRM, SO, SWN, SXI, SSYS, SUM, TPR, TGT, TECH, TDOC, TFX, TPX, TXT, TJX, TSCO, RIG, TZOO, TG, SLCA, VMI, V, VMC, WRB, WERN, WLK, IAI, IYE, ITB, FTEC, IAT, SLV, EWO, EWK, EWC, EEM, EWH, EWJ, EWW, EWS, EWY, TUR, EWU, QLD, PXJ, QQQ, IXC, IXN, MXI, XLF, XHB, XRT, XAR, XLK, VIS, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  14,245.80    
 Monthly S1  14,672.98  427.19   
 Daily S2  14,769.43  96.45   
 Daily S1  14,934.80  165.37   
 Low  15,095.18  160.38   
 Close  15,100.17  4.99   Yes! The Close is close to the Low.
 Weekly S1  15,195.58  95.41   
 Daily Pivot  15,260.55  64.97   
 61.8% Down from Intraday High  15,282.79  22.24   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 Monthly Pivot  15,287.23  4.44   Yes! The Monthly Pivot is close to the 61.8% Down from Intraday High.
 Weekly S2  15,291.00  3.77   Yes! The Weekly S2 is close to the Monthly Pivot.
 50% Down from Intraday High  15,340.74  49.74   
 38.2% Down from Intraday High  15,398.69  57.95   
 Daily R1  15,425.92  27.23   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Weekly R1  15,453.11  27.19   Yes! The Weekly R1 is close to the Daily R1.
 Open  15,547.16  94.05   
 Weekly Pivot  15,548.53  1.37   Yes! The Weekly Pivot is close to the Open.
 High  15,586.30  37.77   Yes! The High is close to the Weekly Pivot.
 Monthly R1  15,714.41  128.11   
 Daily R2  15,751.67  37.26   Yes! The Daily R2 is close to the Monthly R1.
 Weekly R2  15,806.06  54.39   
 Monthly R2  16,328.66  522.60   

Wednesday 1/5/22. A Look At Indicators

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 shows a green bar on the far right of the chart. It looks like the index is taking a pause here in preparation for another upsurge. It's a flag pattern where we see a pause near the middle of a strong run higher.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart...
On Tuesday, 24% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 28%.
The fewest was 8% on 03/15/2021.
And the most was 39% on 12/01/2021.
Shown as a blue line on the above chart...
The 459 stocks in my database are down an average of 14% from their yearly high.
A week ago, the average was 14%.
The peak was 8% on 03/15/2021.
And the bottom was 19% on 12/01/2021.

In this chart, the red line has confirmed a double bottom pattern. That's bullish, but the indicator has already climbed a good amount. The blue line looks like it's about to peak, too, joining the horizontal move that started back in July.

The prior chart is bullish and this one shows caution, but it's bullish, too. Together I believe the index will continue to rise.

$ $ $

Here's a symbol list of 184 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ACN, ADTN, AMD, ATSG, ALK, AA, AMZN, AMED, AEE, AEP, AXP, ABC, AMN, ANTM, APA, ADM, AWI, AVA, BSET, BECN, BIO, BAH, EPAY, CACI, CALM, CLS, CNP, CRL, CHKP, CINF, CNA, COP, CRH, XRAY, DVN, DFS, D, DTE, DUK, EBAY, EMR, EOG, EPAM, EXPD, XOM, FOE, FE, FLEX, FMC, FORM, FWRD, GE, GNW, GILD, GL, GS, GPRO, HBI, HSC, HIG, HAYN, HQY, HSII, HNI, HON, IDXX, ISRG, NVTA, JBLU, KFRC, LRCX, LAMR, LAWS, LLY, L, LXU, MAN, MRO, MRTN, MTRX, FB, MLKN, MS, NBR, NJR, NWL, NEE, NVDA, OGE, OMCL, OMC, ASGN, OMI, PYPL, PRFT, PCG, PINC, PRU, PEG, KWR, RJF, RGS, RNG, RLI, CRM, SLB, SIGI, SKX, SO, LUV, SSYS, TDOC, TRV, SLCA, UNM, VFC, WERN, WU, WLK, WEX, WDAY, ITA, IAI, IEZ, IHE, DDM, FTEC, ICF, IYH, IAT, IGE, IYF, EWO, EWK, EWC, EEM, EWQ, EWG, EWH, EWI, EWD, EWT, THD, TUR, EWU, QLD, PPA, PXJ, QQQ, PHO, IXC, IXN, MXI, XLE, XLF, XLV, XRT, XLK, SMH, VHT, MGK. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

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Tuesday 1/4/22. Slider Trading Quiz! Frontier Airlines (2)

The index climbed by 0.7% or 246.76 points. Since 10/01/1928 the index made 697 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 383 occasions.
     Average loss was -0.6% on 314 occasions.
Expect the index to close higher 54.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the index closing higher has been right 235/420 or 56.0% of the time.
     The prediction of the index closing lower has been right 44/93 or 47.3% of the time.

$ $ $

I show another slider trading quiz featuring Frontier Airlines: FRNT 2

$ $ $

Here's a symbol list of 209 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, APD, ALRM, ALK, AA, ALKS, AYX, DOX, AMED, AEE, AFG, AMWD, AMGN, AMN, APH, APA, ARCB, ASH, AGO, ADSK, AVY, AVNT, AVA, AXS, AZTA, BSET, BAX, BECN, BIG, BMRN, BKH, BA, BMY, BBW, BLDR, CBT, CNP, CVX, CHS, CIEN, CINF, CLF, CGNX, CLR, CR, DVN, DDS, DFS, ^DJT, ^DJI, D, DOV, DRQ, DTE, DUK, EXP, EBAY, EIX, EMR, WIRE, EOG, EFX, EL, RE, EXPD, FOE, FE, FLS, IT, GE, GPN, GS, GPRO, GGG, GFF, GES, HNI, HOLX, HD, HUBG, JBHT, IDA, IEX, ITW, IBP, IVC, JBLU, KALU, KBH, KELYA, KSS, LHX, LEN, L, LOW, MHO, M, MRO, MCHX, MRTN, MDC, MDT, MLKN, MS, MLI, NBR, NTGR, NJR, NWL, NEE, NXGN, NKE, JWN, NWPX, NUS, OXY, OGE, ORI, OLN, ASGN, OTEX, OUT, OMI, OXM, PTEN, PYPL, PRFT, PLXS, POR, PEG, PHM, KWR, RL, RLI, RHI, ROK, ROG, ROST, RES, SAIA, SIGI, SLGN, SO, LUV, SWX, SXI, SCS, TXT, TKR, TOL, RIG, TG, TREX, UGI, VLO, VC, WRB, WSO, WERN, WU, WLK, WEX, WOLF, XLNX, IYM, IYC, IYE, ITB, IEO, ICF, IAT, IYZ, IYF, EWK, EWG, EIS, EWI, EZA, EWT, TUR, PXJ, PHO, MXI, XLY, XLF, XLI, XLB, VHT, VIS, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

The 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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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  33,084.48    
 Monthly S1  34,834.77  1,750.29   
 Weekly S2  35,681.15  846.38   
 Monthly Pivot  35,757.27  76.12   
 Daily S2  36,126.41  369.14   
 Weekly S1  36,133.10  6.70   Yes! The Weekly S1 is close to the Daily S2.
 Low  36,246.45  113.35   
 Open  36,321.59  75.14   
 Daily S1  36,355.73  34.14   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High  36,379.91  24.18   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 Weekly Pivot  36,406.44  26.53   Yes! The Weekly Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  36,421.14  14.70   Yes! The 50% Down from Intraday High is close to the Weekly Pivot.
 38.2% Down from Intraday High  36,462.36  41.22   
 Daily Pivot  36,475.78  13.42   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  36,585.06  109.28   
 High  36,595.82  10.76   Yes! The High is close to the Close.
 Daily R1  36,705.10  109.28   
 Daily R2  36,825.15  120.05   
 Weekly R1  36,858.39  33.25   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  37,131.73  273.33   
 Monthly R1  37,507.56  375.83   
 Monthly R2  38,430.06  922.50   

Monday 1/3/22. 2022 Forecast

Here's how the indices finished this year, dividends not included.

Indices Growth in 2021
Dow utilities13.4%
Dow industrials18.7%
Nasdaq composite21.4%
S&P 500 index26.9%
Dow transports31.8%

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

Based on sector performance from Fidelity, the best performing sectors for year-to-date performance as of 30 December 2021 were... (The numbering is how they ranked a month ago.)

1. Energy (+47%)
4. Real estate (+42%)
2. Information technology (+34%)
3. Financials (+33%)
8. Health care (+25%)
7. Materials (+24%)
5. Consumer discretionary (+24%)
6. Communication services (+22%)
9. Industrials (+19%)
10. Consumer staples (+15%)
11. Utilities (+14%)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 12/23.

1. Information technology (IT)
3. Health care
2. Consumer discretionary
4. Financials
5. Communication services
6. Industrials
7. Consumer staples
9. Real estate
8. Energy
10. Materials
11. Utilities

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 12/30. The numbering is how they ranked a month ago.

3. Real estate management and development (75%)
4. Automobiles (+63%)
5. Distributors (+53%)
8. Construction materials (+52%)
2. Semiconductors & Semi equipment (+52%)
1. Construction and engineering (+51%)
7. Oil, gas and consumable fuels (+51%)
New. Communications equipment (+49%)
9. Interactive media & Services (+48%)
New. Building products (+46%)

The Indices...

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 351.82 points.
Tuesday: Up 95.83 points.
Wednesday: Up 90.42 points.
Thursday: Down 90.55 points.
Friday: Down 59.78 points.

For the Week...

The Dow industrials were up 387.74 points or 1.1%.
The Nasdaq composite was down 8.4 points or 0.1%.
The S&P 500 index was up 40.39 points or 0.9%.

For the Year...

Dow Industrials
     Closed at 36,338, up 18.7%.
     0.9% down from the high of 36,679.77 on 12/30/2021.
     21.7% up from the low of 29,856.30 on 01/29/2021.
Nasdaq
     Closed at 15,645, up 21.4%.
     3.5% down from the high of 16,212.23 on 11/22/2021.
     26.2% up from the low of 12,397.05 on 03/05/2021.
S&P 500
     Closed at 4,766, up 26.9%.
     0.9% down from the high of 4,808.93 on 12/30/2021.
     30.1% up from the low of 3,662.71 on 01/04/2021.

$ $ $

Here's a symbol list of 158 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AEIS, AFL, APA, AAPL, ADM, ARW, AIZ, AGO, AVNT, AVA, AZTA, BLL, BAX, BECN, BIG, BA, BAH, BRC, BMY, BG, CBT, CE, CENX, CHS, CSCO, CLF, CLX, CNO, CGNX, CL, ED, CAG, CLR, CR, CCK, DVN, DDS, ^DJT, ^DJI, DUK, EMN, EBAY, EOG, RE, EZPW, FFIV, FLS, FTNT, GD, GE, GIS, GNW, GL, GES, THG, HLIT, HAYN, HQY, HSY, HON, DHI, INTC, JAZZ, JNJ, K, KELYA, KMT, KSS, LEG, LEN, LNC, LMT, LOW, MHO, M, MANH, MAN, MRO, MCHX, MRTN, MDC, MDT, MRK, MGEE, NXGN, NKE, JWN, NOC, NWPX, OXY, OMCL, ASGN, OTEX, OUT, OXM, PKG, PRFT, PCG, PPG, PFG, PGR, PEG, KWR, ROG, ROST, ^GSPC, SAIA, SHW, SO, SCCO, LUV, SXI, SNPS, TER, TKR, TREX, UNM, VLO, VC, WSO, WERN, WU, WLK, WEX, WOLF, XLNX, IYK, IEO, IEZ, IHE, DDM, EWA, EWM, EWS, EWY, EWT, TUR, IXN, SSO, XLP, GLD, XHB, XLB, SPY, XLK, UNG, VHT, VAW. Clink this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Trucking/Transp. Leasing1. Trucking/Transp. Leasing
2. Retail Building Supply2. Semiconductor Cap Equip.
3. Semiconductor Cap Equip.3. Retail Building Supply
4. Cement and Aggregates4. Semiconductor
5. Semiconductor5. Cement and Aggregates
6. Precision Instrument6. Precision Instrument
7. Natural Gas (Diversified)7. Retail Store
8. Retail Store8. IT Services
9. Homebuilding9. Natural Gas (Diversified)
10. Human Resources10. Human Resources
Best Performing AboveWorst Performing Below
50. Natural Gas (Distributor)50. Natural Gas (Distributor)
51. Aerospace/Defense51. Aerospace/Defense
52. Investment Co. (Foreign)52. Investment Co. (Foreign)
53. Air Transport53. Air Transport
54. Biotechnology54. Biotechnology
55. Financial Services55. Healthcare Information
56. Healthcare Information56. Financial Services
57. Apparel57. Apparel
58. Retail (Special Lines)58. Retail (Special Lines)
59. Short ETFs59. Short ETFs
60. Oilfield Svcs/Equipment60. Oilfield Svcs/Equipment

-- Thomas Bulkowski

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