As of 12/24/2024   Indus: 43,297 +390.08 +0.9%     Trans: 16,063 +127.24 +0.8%     Utils: 993 +4.93 +0.5%     Nasdaq: 20,031 +266.24 +1.3%     S&P 500: 6,040 +65.97 +1.1%	YTD  +14.9%    +1.0%    +12.7%    +33.4%    +26.6%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

As of 12/24/2024   Indus: 43,297 +390.08 +0.9%     Trans: 16,063 +127.24 +0.8%     Utils: 993 +4.93 +0.5%     Nasdaq: 20,031 +266.24 +1.3%     S&P 500: 6,040 +65.97 +1.1%	YTD  +14.9%    +1.0%    +12.7%    +33.4%    +26.6%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

Wednesday 1/31/24. A Look At Indicators

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

The CPI has erased any bearish or neutral signal to show the latest one as bullish. Recall that the CPI can change its mind for up to a week. In the last two days, the indicator has slipped a bit.

The CPI suggests the uptrend will continue but I still expect a retrace. That's especially true in the Nasdaq where I expect weakness in the coming week before an uptrend resumes. That's a guess, though. I've nothing to back that up except hope and a feeling.

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

The red line shows improvement compared to a week ago but the blue line is flat.

Both lines are bullish if you ignore that the index is making new highs but the two lines (red and blue) are not. I think that suggests weakness but we haven't really seen any reaction to that and it's been several weeks of this unfolding.

Both charts are bullish this week but I'm still expecting a retrace. Of course, I've been expecting a retrace for about two months now, so what do I know?

$ $ $

Here's a symbol list of 144 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AKAM, ALB, AA, AXP, AIG, APH, AR, AON, APA, AGO, BCPC, BAX, BOOT, BMY, CX, CNC, CNP, CENX, CF, CRL, CVX, CTAS, CNX, CL, CMTL, CONN, COP, GLW, CR, CRH, CCRN, DHR, DVN, FANG, DFS, BOOM, EMN, ECL, WIRE, EOG, EL, EZPW, FFIV, FDS, FMC, FNV, FCX, GME, GD, GILD, GS, GGG, HBI, HE, HP, HOLX, HOV, HWM, HUN, IDA, ILMN, INCY, IIIN, IBKR, TILE, IPG, LEG, MGY, MAN, MTRX, MRK, MSFT, NOV, NEU, JWN, OXY, PAYX, PYPL, PEN, PNW, PLXS, PGR, PRU, PEG, KWR, RJF, RGS, RLI, ROK, ROP, RES, SAND, SLB, SMTC, STR, LUV, SXI, SSYS, TRGP, TER, TMO, TZOO, SLCA, UGI, VMC, WLK, WMB, WWD, IAI, IYC, IHE, FXL, FXI, IEV, IXN, SLV, IEO, EWC, EWH, EIS, EWW, EZA, PJP, XLB, USO, VONG. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 1/30/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Rectangle tops.

$ $ $

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: ACN, AYI, AEIS, ATSG, AKAM, AFG, AME, AMN, APH, APOG, ARW, BAX, BZH, BOOT, BR, CBT, CPB, CRL, CHKP, CIEN, CMCO, CMTL, GLW, CRH, CROX, CTS, XRAY, DOV, BOOM, EMR, EL, XOM, EZPW, FDS, FDX, FTV, GILD, HBI, THG, HAYN, HOLX, HON, HOV, HUN, ITW, ILMN, IBKR, IPG, IPI, JKHY, JAZZ, KALU, KMT, KEYS, KFRC, L, MTDR, MGEE, MSFT, MLKN, JWN, NWPX, OUT, PKE, PYPL, PFE, QCOM, RL, RGS, ROK, RGLD, ^GSPC, SBH, SLB, SEIC, SMTC, SCI, SHW, SMAR, LUV, SXI, SRDX, TPR, TER, TDG, RIG, UHAL, UGI, VMI, VC, WU, WSM, WWD, WDAY, IAI, IYC, IHE, IGV, SLV, EWQ, EWG, EIS, EWM, EPP, EWY, EWP, TUR, EWU, PBE, PJP, SSO, ROBO, XLI, XRT, SPY, VIS. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 1/29/24. Market Monday: The Week Ahead

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

My Prediction

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

The index continues to rise. It broke out upward from a consolidation pattern (B), loosely called a broadening top.

When the index retraces, and it will, look for the index to drop back to C. That's the top of the broadening pattern.

The decline can continued below that, too. Look for the index to find support at the knot circled in green, at A.

I guess the real question is when will the index retrace? History says the index will bottom in early February. That's next week. That seems to be a wish rather than a given.

I'm still waiting for a significant retrace before I deploy my cash. I have my doubts that we'll see it anytime soon. So don't expect the index to reach A or even C in the next week or two.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

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

Here's a symbol list of 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, ATSG, AEP, AXP, AME, ARW, AIZ, BALL, BAX, BIO, BOOT, BAH, BFH, CAL, COR, CRL, CNO, CGNX, CTSH, CMTL, CR, DHR, XRAY, DSGR, ^DJT, BOOM, EXP, EMR, EZPW, FDX, FISV, FLEX, FMC, FORM, FNV, FDP, GILD, GPN, GL, HBI, HIG, HAYN, HQY, HSII, IDA, ILMN, INCY, INFN, IBP, INTC, IRM, JKHY, KLIC, LH, LEG, LMT, L, MTSI, MGY, MAN, MLKN, MOS, NTAP, NEU, JWN, PKE, PATK, PYPL, PFE, PCG, PLXS, DGX, RGS, ROK, RES, ^GSPC, SLB, SIGI, SMTC, SCI, LUV, TPR, TECH, TDY, TER, TXN, TG, SLCA, UNM, VECO, VMC, WU, WSM, WDAY, IYC, IHE, FDN, ICF, IEV, MXI, EWO, EWK, EWQ, EWG, EWS, EZA, TUR, EWU, IBB, PEJ, PJP, SSO, XRT, SPY, USO. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 1/26/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 149 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, AES, ALK, ALKS, ALGT, DOX, AEP, AMWD, AAPL, ADM, ASH, AIZ, ADP, BSET, BAX, BZH, BIO, BKH, BA, BOOT, BSX, BFH, BMY, BLDR, CAL, CNC, CNP, CVX, CLX, CGNX, CTSH, ED, CXW, DDS, D, DUK, BOOM, EMN, EPAM, EZPW, FFIV, FDS, FORM, FDP, GL, HBI, HLIT, HD, HUM, HURC, ILMN, NSP, IIIN, INTC, IPAR, IBKR, NVTA, KBH, LRCX, LEN, L, MHO, M, MCHX, MKTX, MLM, MTRN, MRK, MSFT, NEU, NEE, JWN, NOC, ORI, OR, PKG, PKE, PAYX, PYPL, PRFT, PFE, PXD, PLXS, POR, PPL, DGX, RGS, RNG, ROK, ROL, SLB, SIGI, SMTC, SKYW, SO, LUV, SR, SPSC, SXI, SNPS, TER, TXN, TOL, TREX, VFC, VLO, VECO, VEEV, VRSN, VMC, WRB, WOLF, WDAY, XEL, ITA, IHE, IDU, QTEC, ICF, IYH, IHF, IXC, SLV, IHI, EWW, PJP, XLE, XLV, XLU, UNG, USO. 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

Thursday 1/25/24. Bitcoin Chart (BTC-USD). More Down

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

$ $ $

I show a picture of bitcoin (BTC-USD) on the daily chart.

I drew a red trendline as a sell line. I've found that trendlines like this can make for timely exit signals. When the currency closed below the red line, A, it was a sell signal.

Unfortunately, I don't know how far the currency will drop. It has already dropped some... It could drop back to the level of the start of the trendline, about 33,000.

And that's all she wrote.

$ $ $

Here's a symbol list of 290 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, AEIS, AMD, AKAM, ALRM, ALKS, AMZN, AEE, AEP, AEL, AME, AMGN, APH, APOG, AAPL, AMAT, ATR, ARCB, AWI, ARW, ATO, ADP, AVNT, AVA, BMI, BCPC, BAX, BECN, BZH, BERY, BKH, BOOT, BCO, BRKR, BG, CBT, CPB, CNP, CSCO, CLX, CNO, CGNX, CTSH, ED, CXW, CR, CRH, CTS, XRAY, DSGR, ^DJU, DOV, DTE, DUK, BOOM, EMN, EIX, EMR, EFX, EL, EVRG, EVH, FFIV, FDS, FICO, FARO, FAST, FE, FLS, FMC, FTV, FNV, GMS, GS, GOOGL, GPRO, GGG, GES, HBI, HTLD, HELE, HSY, HOLX, HON, DHI, HOV, HUBG, IEX, INCY, INFN, INTC, IPAR, NVTA, IRM, JAZZ, KLAC, LH, LRCX, MTSI, MANH, MCHX, MKTX, MA, MSFT, ^IXIC, NOV, NFLX, NTAP, NJR, NEE, NI, JWN, NOVT, NVDA, OGE, ORI, OMC, ORCL, OR, OXM, PKE, PATK, PDCO, PAYX, PYPL, PRFT, PNW, POR, PINC, PGR, PEG, QTWO, QCOM, DGX, REGN, RGS, RNG, ROK, ROL, ROP, ROST, RGLD, R, ^GSPC, SAND, SLB, SMG, SEE, SEIC, SRE, SMTC, NOW, SLGN, STR, SO, SCCO, LUV, SWX, SR, SXI, SUM, SRDX, SNPS, TGT, TECH, TDY, TPX, TER, TXT, TMO, TDG, TWLO, UHAL, SLCA, UPS, VMI, VEEV, VRSN, WMT, WSO, WPM, WSC, WOLF, WWD, XEL, ZBRA, IYM, IYC, ITB, IHE, IDU, FTEC, QTEC, FXL, FXI, BOTZ, QQQ, ICF, IYH, IHF, IYZ, MXI, IXN, SOXX, IYF, EWO, EWK, EWC, EEM, EWH, EIS, EWM, EPP, EZA, EWP, EWD, EWT, TUR, QLD, IBB, PEJ, PJP, SSO, ROBO, XLF, GLD, XLV, XRT, SPY, XLK, XLU, USO, SMH, VIS, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 1/24/24. A Look At Indicators

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

The CPI turned green, which is bullish. It's at 90, which is close to the top of the range, which is 100.

Earnings will be coming out soon, so that'll likely bounce things around.

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

Both the red and blue lines are higher (better) than they were a week ago. Of course, the lines follow index like puppies.

The index is making new highs but notice that both the red and blue lines are below their highs. I'm not sure what it means, though.

Both charts are bullish but I view this cautiously. It looks to me like the upward momentum will falter and the uptrend will end.

$ $ $

Here's a symbol list of 146 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, ALK, ALB, ALGT, AMED, AEO, AEL, AFG, AIG, AMN, APA, APOG, ARCB, AVA, AXS, BCPC, BALL, BAX, BECN, BERY, BA, BKNG, BOOT, BCO, BRKR, BBW, CBT, CPB, CINF, CSCO, CNO, CGNX, CTSH, CAG, CXW, CR, CTS, XRAY, DVN, DSGR, BOOM, EMN, EIX, FDS, FAST, FLS, FMC, FORM, FTNT, FWRD, FCX, FRD, GME, GD, GNW, GMS, GGG, GES, HOLX, HOV, HUBG, HUN, IDA, IIIN, INTC, KALU, KLIC, LXU, MANH, MA, MLKN, MYGN, NTGR, NKE, JWN, NUS, ORI, OXM, PKG, PDCO, PAYX, PYPL, PINC, RTX, RGS, ROK, ROL, SAND, SLB, SAIC, SEIC, SMTC, SLGN, SKX, LUV, SXI, SUM, SNPS, TPX, TDC, TER, TEVA, TMO, TJX, TOL, RIG, TZOO, TG, UHAL, VMI, WMT, WSO, WLK, WEX, WSC, WOLF, WWW, IYM, IYK, IHE, ICF, IAT, IYZ, IXN, ILF, EWK, EWZ, EWI, THD, DBA, PJP, ROBO, SMH. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 1/23/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Pipe bottoms.

$ $ $

Here's a symbol list of 212 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, AEIS, AKAM, DOX, AEP, AMWD, AMN, APOG, AAPL, AMAT, ARCB, ADM, ANET, AGO, ADSK, AXS, BMI, BCPC, BAX, BKNG, BSX, BCO, BR, BLDR, BG, CDNS, COR, CENX, CDAY, CINF, CSCO, CNO, ED, CONN, COP, CXW, CRH, CTS, CMI, ^DJT, D, DUK, EXP, EIX, EMR, FFIV, FDX, FISV, FIVN, FLS, FORM, FTV, FCX, FDP, IT, GNW, GMS, GS, GPRO, GGG, GES, HIG, HQY, HTLD, HNI, HOLX, HUBG, IDA, INCY, INFN, IBP, PODD, INTU, KEYS, KFRC, KLAC, KSS, KLIC, RAMP, MHO, MTSI, M, MANH, MCHX, MAS, MA, MU, MSFT, MLI, MYGN, ^IXIC, NOV, NTAP, NWL, ORI, OMC, ASGN, OR, PANW, PATK, PAYX, PEN, PRFT, PNW, PPL, PHM, PSTG, QTWO, QCOM, DGX, RNG, ROK, R, ^GSPC, SAIA, SEIC, SKX, LUV, SPLK, SPSC, SXI, SUM, SNPS, TDOC, TPX, TDC, TER, TEVA, TXN, TXT, TTD, TKR, TJX, TREX, UIS, VECO, VRTX, VMC, WPM, XEL, IAI, IYC, ITB, IEZ, IHE, FTEC, FDN, QTEC, FXL, BOTZ, IYZ, IGV, IXN, SLV, IGE, IHI, EWG, EWH, EWJ, EWW, EZA, EWP, EWT, IBB, PPA, PJP, PHO, SSO, ROBO, XLE, XHB, XLI, SPY, XLK, UNG, USO, VIS, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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

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

My Prediction

I show the Nasdaq composite on the daily scale.

At B, we see the index gap above a down-sloping trendline. It attempted to throwback (return) to the trendline (C), but it wasn't a serious attempt.

That spoke of underlying power in the move higher.

At A, we see the index has made a strong advance and closed above the prior peak and above a red line connecting the two recent peaks.

This isn't a busted double top in the strict sense of the phrase (because price has to confirm the pattern and drop no more than 10% below the valley between the two peaks before closing above the top of the pattern).

Regardless, it's a bullish move. So I'm looking for the index to continue moving higher but finding weakness in the first half of February, based on historical trends.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

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

Here's a symbol list of 159 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACN, AES, AFL, A, ALL, AEO, AEP, AEL, ANIK, AR, AMAT, ACGL, ADM, ANET, ASH, AGO, ADSK, BALL, BAX, BKNG, BSX, CDNS, CALM, COR, CNC, CENX, CRL, CHKP, CINF, CLF, CLX, CNA, CGNX, CCRN, CCK, DHR, DFS, D, DUK, EXP, EIX, EME, EL, EG, FFIV, FORM, FTNT, FDP, IT, GOOGL, GGG, THG, HIG, HSY, INCY, INFN, NVTA, K, KLAC, LRCX, RAMP, L, LPLA, M, MANH, MDC, META, MSFT, MYGN, ^IXIC, NKE, ORI, ON, ORCL, OR, PAYX, PEN, PRFT, PETS, PNW, PPG, PSTG, QCOM, DGX, RGA, RLI, ROK, ROL, ROST, SAND, SRE, SMTC, SHOP, LUV, SWX, SPLK, SXI, SCS, SUM, TER, TXN, TRV, TZOO, TG, WRB, WPM, WSC, WDAY, XEL, IYK, IHE, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IGV, IXN, SOXX, EWY, EWT, TUR, QLD, PJP, XLP, XLB, XRT, XLK, UNG, SMH, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 1/19/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 161 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ACN, AFL, AA, AEE, AEO, AEP, AIG, ANIK, AR, ASH, AVNT, BAX, BMRN, BOOT, BSX, BFH, CDNS, COR, CENX, CLNE, CLF, CMTL, CRH, DFS, ^DJT, D, DOV, DTE, DUK, EXP, EIX, EVH, FFIV, FICO, FAST, FWRD, FDP, GPS, IT, GPN, GOOGL, GPRO, GGG, THG, HQY, HTLD, HL, HOLX, HOV, HUM, JBHT, INCY, INFN, IBP, IIIN, ITGR, IPAR, NVTA, KFRC, KLAC, KSS, LZB, LH, LRCX, LAMR, RAMP, LMT, L, M, MGY, MANH, MCHX, MLM, MU, MSFT, MYGN, NFG, NEE, NKE, JWN, NWPX, ORCL, OR, OUT, PANW, PKE, PAYX, PEN, PRFT, PETS, PFE, PNW, PFG, DGX, RRC, RTX, ROK, ROST, RGLD, SAIA, CRM, NOW, SLGN, LUV, SWN, SR, TER, UGI, UNH, UNM, VECO, WPM, XEL, IYE, IHE, FTEC, BOTZ, IHF, IAT, IXC, IXN, SOXX, SLV, IGE, IEO, EWZ, EWM, TUR, PJP, XLB, XRT, XLK, SMH, MGK. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 1/18/24. Intraday Market Direction: Nasdaq

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

$ $ $

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

The red line (A) outlines the form of an inverted and ascending scallop chart pattern. Of course the image is far from ideal (with the red line showing how smooth the turn could be). Indeed, it's almost unrecognizable as a chart pattern.

The green line shows areas of resistance against an upward move. However, at B, the resistance didn't slow the recovery.

What this suggests is that the upward move will continue but with caution. Overhead resistance could block the advance.

$ $ $

Here's a symbol list of 235 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, ACN, ADBE, AFL, ALK, AA, ALGT, AMZN, AEP, AMWD, ANIK, AR, APA, ACGL, ASH, ADSK, AVNT, AXS, BALL, BAX, BZH, BFH, BCO, CBT, CDNS, CLS, COR, CENX, CRL, CHKP, CLF, CLX, CMCO, CMTL, CONN, GLW, COST, COTY, CR, CCRN, CTS, XRAY, DVN, FANG, D, DOV, EXP, EMN, EIX, ELV, EMR, EOG, EQT, EL, FFIV, FICO, FAST, FLEX, FMC, FORM, FTV, FWRD, FCX, FDP, GPS, IT, GFS, HBI, HAYN, HL, HSII, HELE, HNI, HOLX, ILMN, INCY, INFN, NSP, IBKR, TILE, NVTA, IRM, KALU, KSS, LZB, LANC, LLY, RAMP, M, MANH, MRO, MTDR, MTRN, MDT, MRCY, MS, MLI, MUR, MYGN, NFG, NEE, NKE, NOVT, OMCL, ON, OTEX, ORCL, OR, OUT, OMI, PKE, PTEN, PYPL, PEN, PRFT, PETS, PFE, PNW, PLXS, PSTG, KWR, DGX, REGN, ROK, RCKY, ROG, RGLD, RES, SAIA, CRM, SAND, SMTC, SLGN, STR, SMAR, SCCO, SR, SPSC, SUM, SRDX, TRGP, TDOC, TER, TXT, TDG, SLCA, UGI, UPS, VFC, VLO, WSO, WERN, WPM, WOLF, WWW, XEL, IYM, IHE, QTEC, FXI, BOTZ, IAT, IEV, IGV, IXC, MXI, ILF, IGE, IEO, EWA, EWO, EWK, EWZ, EWC, ECH, EEM, EWQ, EWG, EWH, EWI, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, THD, EWU, QLD, IBB, PEJ, PJP, ROBO, XLY, XLB, XRT, XLK, 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.

$ $ $

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

-- Thomas Bulkowski

Wednesday 1/17/24. A Look At Indicators

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

The chart pattern we see in the index is an unconfirmed double top. That's a twin peak pattern that isn't valid until price closes below the valley between the two peaks.

If it confirms, then expect the index to continue lower. Until then, anything can happen.

Near the bottom of the chart is the CPI line. It's hovering near 18 with 0 as the lowest it can go. It suggest weakness. The pattern on that blue line reminds me of a measured move up. It suggests a rise to 36 before it drops back down. But that's a guess.

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).

Since mid December, see the rounded turn by the red line. It's heading down now, confirmed by the above readings. Both lines are worse today compared to a week ago.

Both charts are bearish but the CPI suggests we might see price move higher before dropping again. I'm going to wait longer for a bigger drop, which I believe is coming.

$ $ $

Here's a symbol list of 204 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ABM, AXDX, ACIW, AMD, ATSG, ALK, AA, ALKS, ALGT, AMZN, AXP, AMGN, AMN, APA, AAPL, ARW, ASH, AVNT, AXS, BALL, BAX, BERY, BKH, BA, BOOT, BFH, CDNS, CAL, CE, COR, CENX, CHKP, CIEN, CINF, CSCO, CLF, CMCO, CAG, CXW, GLW, DOV, EXP, EMN, EBAY, EOG, EL, EG, EXPI, FAST, FISV, FMC, FORM, FTV, FWRD, FCX, GME, GPS, GFS, HBI, HLIT, HELE, HOLX, HUN, IEX, IDXX, ILMN, INFN, IBKR, TILE, IPG, NVTA, KBH, KEYS, KSS, LRCX, LEN, LLY, LMT, LXU, MTSI, M, MRTN, MDC, MRCY, MSFT, MLKN, MCO, MS, MYGN, NFG, NTGR, NJR, NOVT, OLN, OTEX, OMI, PTEN, PEN, PFE, PNW, POR, PFG, PG, RMBS, ROK, ROP, SMTC, SLGN, SKYW, SCCO, SWX, SR, SXI, SSYS, SRDX, SNPS, TDOC, TPX, TTD, TOL, RIG, TZOO, SLCA, UGI, UPS, VFC, VLO, V, WSO, WERN, WPM, WSC, WOLF, ZBRA, ITA, IYM, IYC, ITB, IEZ, IHE, FTEC, FXI, IYZ, IEV, MXI, IXN, IYF, EWA, EWO, EWK, EWZ, EWC, ECH, EWG, EWH, EWM, EWY, EWD, EWL, EWT, TUR, EWU, IBB, PBE, PEJ, PJP, XHB, XLI, XLB, XRT, XLK, SMH, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 1/16/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Triple bottoms.

$ $ $

Here's a symbol list of 161 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, ACN, ACIW, AYI, AEIS, ALK, AA, AMZN, DOX, AEE, AXP, ARW, ASH, ADSK, AXS, BSET, BAX, BZH, BIG, BIO, BKH, BA, BKNG, BFH, COR, CF, CHKP, CIEN, CINF, CTSH, CL, CXW, GLW, COST, CW, DVN, DFS, DOV, EXP, EIX, EPAM, EL, EG, EVRG, EZPW, FFIV, FICO, FDP, GD, GNW, GILD, GGG, HIG, HE, HL, HELE, HP, HUM, IDA, IDXX, ILMN, IIIN, PODD, IPG, NVTA, JAZZ, KALU, KBH, KMT, LHX, LANC, LEN, LLY, RAMP, LOW, LXU, MRTN, MAS, MDC, META, MLKN, MLI, NFG, NEU, NOC, NOVT, OTEX, OUT, OXM, PNW, PLXS, POR, PPL, PFG, PG, PSTG, REGN, RLI, ROK, ROG, SEIC, SMTC, SR, SSYS, SNPS, TPR, TGT, TPX, TDC, TER, TKR, TOL, UPS, UNM, VMI, MDRX, VRTX, VC, WSO, WEX, WPM, WSC, WOLF, XEL, ZBRA, IYC, ITB, IHE, FXL, FXI, MXI, SOXX, SLV, EWZ, EWC, EWH, EWJ, EPP, TUR, EWU, DBA, PBE, PJP, XHB, XAR, USO, SMH. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Friday 1/12/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 113 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, ALRM, AEP, ARCB, ARW, AXS, BALL, BAX, BBY, BIG, BA, CLS, COR, CNC, CINF, CLNE, CMCO, ED, CCK, EXP, EPAM, FFIV, FARO, FWRD, GD, GNW, HE, HSII, HOLX, IDA, INFN, IPG, NVTA, JNJ, LHX, LLY, MGY, MCHX, MKTX, MSFT, MS, MOS, MYGN, NFLX, NKE, ORI, OLN, ORCL, PANW, PTEN, PCTY, PETS, PNW, POR, PPL, KWR, DGX, ROK, ROL, ROST, SBH, SCHW, SEIC, NOW, SHW, STR, SO, SR, SPLK, SNPS, TGT, TTD, RIG, TG, SLCA, UPS, UNH, WOLF, WWD, XEL, ZBRA, IEZ, IHE, IDU, IYZ, IEV, SLV, EWA, ECH, EEM, EWM, EPP, EWY, TUR, EWU, IBB, PBE, PJP, XLB, XAR, UNG, USO, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 1/11/24. Ethereum Cryptocurrency

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

$ $ $

I show a picture of the Ethereum cryptocurrency on the daily scale.

There's not much to show on the chart. At A, these large price swings make me nervous, as if I think they will lead to a downward breakout. It might. However, I haven't done much research on this. My experience says that it won't. Bollinger bands will tell you that periods of low volatility follow periods of high volatility. That doesn't tell the direction, but it suggests it will be a strong trend upward or downward.

In green (B) is a broadening bottom or top. I can't tell in this chart.

$ $ $

Here's a symbol list of 119 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AKAM, ALK, AMZN, AXP, APOG, AMAT, ADM, ARW, BAX, BIO, BKNG, BLDR, BG, CNC, CNP, CLNE, CNO, CMCO, COST, CR, CCRN, CTS, FANG, EXP, EXPD, FICO, FTNT, FWRD, IT, GMS, THG, HSY, HD, DHI, HWM, IBP, INTC, IPG, ISRG, JBLU, KBH, K, KMB, LHX, LEN, LLY, LOW, MGY, MDC, MRCY, META, MSFT, MOS, MUR, PANW, PCTY, PCG, PPG, PRU, PEG, PHM, DGX, RMBS, RHI, ROK, RES, SBH, SLB, SCHW, SIGI, NOW, SHOP, LUV, SR, SSYS, TEVA, TOL, RIG, TG, TREX, SLCA, VECO, WMT, WOLF, ZBRA, IEZ, IHE, BOTZ, IHF, IYZ, MXI, ILF, EEM, EWJ, EPP, EWS, EZA, EWY, TUR, IBB, PBE, PJP, XLF, XHB, USO. 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

Wednesday 1/10/24. A Look At Indicators

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

The CPI remains bearish. If you look at the thin blue line near the bottom of the chart, it's at or near the 0 value, which is the lowest on the scale.

What does this mean? The signal is bearish and getting worse (more bearish). However, if you're an optimist, then the indictor doesn't tend to stay near 0 for too long.

This could mean the start of a measured move down pattern, starting with the first leg at the highest peak in the chart, moving down, retracing (going back up) and then resuming the second leg with another drop. You can think of this as a stair-step down pattern.

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

Both the red and blue lines are slightly worse this week compared to a week ago.

Both charts are bearish but it's not a strong push lower, I think. I expect the downtrend to continue but the CPI says a bounce upward might happen. So I'm not confident of the direction.

$ $ $

Here's a symbol list of 119 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABM, AXDX, ACN, AYI, AEIS, AFL, ALK, AIG, APA, ARW, AXS, BAX, CAL, CNC, CDAY, CVX, CIEN, CLNE, CLF, CNX, CGNX, CAG, COP, CXW, DVN, FANG, DRQ, EXP, EXPD, XOM, FNV, GME, GL, HBI, THG, HP, IDXX, ILMN, INCY, LHX, LANC, LPLA, MGY, MRO, MDT, MLKN, MUR, NBR, NTGR, NTAP, NWL, ASGN, PXD, PLXS, QTWO, RGA, RHI, ROK, ROG, ROP, ROST, RES, R, SBH, SAND, SLB, LUV, SR, SSYS, TFX, SLCA, VECO, WMT, WU, ZBRA, IYC, IYE, IEZ, IHE, FXI, IXC, MXI, SLV, IGE, IEO, ECH, EEM, EWH, EPP, EWY, EWD, TUR, PXJ, PJP, XLE, 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

Tuesday 1/9/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Head-and-shoulders bottoms.

$ $ $

Here's a symbol list of 153 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, ACIW, ADBE, ATSG, AKAM, ALK, AEO, AIG, AWI, AXS, BMI, BSET, BAX, BA, BOOT, BFH, BLDR, CNC, CDAY, CLNE, CLF, CONN, COST, CRH, CROX, CSGS, CTS, CMI, D, DRQ, EXP, EXPD, FFIV, FIVN, FTNT, FWRD, FDP, GPS, GMS, GS, HBI, THG, HQY, HP, HOLX, HD, HOV, JBHT, HUN, INFN, IBP, KMT, KLIC, LHX, LZB, LRCX, LANC, LEG, LEN, LOW, MTSI, MGY, MAN, MTRX, MCO, MUR, MYGN, NOV, NWL, NKE, NWPX, NTNX, OTEX, OUT, PKG, PTEN, PEN, PRFT, PETS, PNW, PLXS, POR, RMBS, ROK, RES, R, SBH, SAND, STR, SMAR, SO, SWN, SPSC, SNPS, TDY, TFX, TMO, TJX, TOL, TDG, UHAL, SLCA, UPS, UNH, WU, WPM, ZBRA, ITA, IYC, ITB, IEZ, IHE, FXI, ICF, IEV, MXI, EWH, EIS, EWJ, EWM, EPP, EWS, EZA, EWY, EWP, EWD, TUR, EWU, DBA, PBE, PXJ, PJP, PHO, GLD, XLI, XLB, VAW, MGK. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 1/8/24. Market Monday: The Week Ahead

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

My Prediction

I show the Dow industrials on the daily scale.

I've highlighted the recent swing low and high values. Taking the Fibonacci values of that swing gives an indication of where the Dow might retrace. Keep in mind that I've proven that Fib retraces don't work.

To put it differently, price will retrace at common values of 38%, 50%, or 62% as often as they retrace any other number. I didn't see any value for a retrace where stocks would stop.

Circled in green is a knot where I think a retrace will stop. Of course, price has to get there first. We might see a drop that far in February, if the 2024 forecast (slide 4) is correct.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 8 days.

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: DDD, AXDX, AMD, ALK, AEO, ANIK, APA, AAPL, ADM, ANET, ADP, BALL, BSET, BA, BAH, BFH, CX, CHD, CIEN, CTAS, CLNE, CLF, CTSH, ED, CONN, CSGS, DFS, D, DRQ, EXP, EOG, EXC, FE, GES, HSII, HSIC, HOLX, HWM, NVTA, JAZZ, KLAC, LHX, LDOS, LNC, RAMP, LMT, MTSI, MGY, MCHX, MTRX, MGEE, MSFT, MLKN, MOS, MUR, MYGN, NKE, NI, NOC, OXY, PRFT, PETS, PPL, PG, RTX, ROK, ROST, R, SBH, SAND, SAIC, SRE, SHOP, SXI, SUM, SRDX, SNPS, TPR, TFX, TEVA, TRV, TZOO, UGI, UNH, VLO, VECO, VC, ZBRA, IHE, FXI, MXI, SLV, EWM, EPP, PBE, PEJ, PXJ. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 1/5/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 156 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, AEIS, ALK, ALL, AMZN, AXP, AFG, ANIK, AAPL, AMAT, ADM, ADP, AVNT, BSET, BECN, BZH, BIIB, BOOT, BFH, BCO, CBT, CE, CF, CHS, CIEN, CLNE, CLF, CNO, CNX, CGNX, CMTL, ED, COP, CXW, GLW, CSGS, XRAY, DVN, FANG, DFS, D, DOV, DRQ, EXP, ELV, EOG, EPAM, EFX, GNW, GPRO, HL, HSII, HP, HNI, HOLX, JBHT, HUN, HURC, IDXX, ITW, PODD, ITGR, IBKR, INTU, NVTA, JNJ, KALU, KELYA, KMT, KEYS, LHX, LLY, RAMP, LMT, LOW, MTSI, M, MGY, MRO, MTDR, MTRX, MGEE, MSFT, MOS, MUR, MYGN, NBR, NKE, NOC, NWPX, OXY, OMCL, OTEX, PTEN, PEN, PCG, PXD, PLXS, RRC, RTX, RHI, ROK, RES, R, SBH, SAND, SLB, SMTC, SKX, SWN, SRDX, TFX, TXN, TMO, UHAL, VFC, VLO, VECO, VRSN, WU, WWW, ZBRA, IYC, IYE, ITB, IEZ, IHE, BOTZ, IGV, MXI, IEO, EWK, EWH, EWM, EPP, TUR, PXJ, PHO, XLY, XLE, XLI, XAR, UNG, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 1/4/24. Intraday Market Direction: Nasdaq

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

$ $ $

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

Let me address the big picture first. The CPI has turned bearish, reading 8.8, which is close to the lowest it can go (0). I believe the retrace that I've been looking for has begun. That means a drop to about 14,300, matching the horizontal move in the index in late November.

As to the chart, the green circle highlights weakness in the index. It has closed below the red rectangle bottom. That suggests, but does not guarantee, that the index is headed lower.

$ $ $

Here's a symbol list of 261 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ACN, ADBE, ADTN, AEIS, AMD, A, AKAM, ALK, AA, AMN, APH, AMAT, ACGL, ANET, ARW, ADSK, ADP, AVNT, AXS, BMI, BCPC, BZH, BERY, BIO, BMRN, BA, BCO, BRKR, CBT, CDNS, CALM, CE, CX, COR, CENX, CDAY, CRL, CHD, CLNE, CLF, CLX, CGNX, ED, CSGP, COTY, CRH, CCK, CSGS, CW, DFS, DSGR, ^DJT, ^DJI, DOV, EXP, ELV, EME, EPAM, EFX, FDS, FDX, FE, FIVN, FLEX, FORM, FTV, FWRD, FCX, IT, GD, GE, GIS, GMS, GPRO, GGG, GFF, HL, HSIC, HOLX, HD, HON, JBHT, HUN, NSP, IIIN, PODD, INTC, IPAR, IPG, INTU, ISRG, NVTA, IRM, JAZZ, JBLU, KALU, KELYA, KMT, KEYS, KSS, KLIC, LHX, LH, LANC, LLY, RAMP, MHO, MTSI, M, MANH, MAN, MLM, MRK, MLKN, MCO, MOS, MLI, MUR, MYGN, ^IXIC, NWL, NEU, NKE, NWPX, NOVT, NTNX, ORI, OMCL, ON, OTEX, ORCL, OR, OMI, PKG, PKE, PATK, PDCO, PCTY, PEN, PETS, PPG, PGR, PEG, PSTG, QTWO, QCOM, RMBS, RRC, RNG, ROK, ROST, RGLD, R, CRM, SBH, SAND, SEIC, SMTC, NOW, SHOP, SKX, SMAR, LUV, SWX, SWN, SPSC, SXI, SUM, SRDX, SNPS, TFX, TPX, TER, TKR, TOL, TSCO, TREX, TWLO, UHAL, SLCA, UNH, VECO, VEEV, VC, WRB, WSO, WPM, WOLF, WWW, ZBRA, IYM, IAI, IYC, ITB, IHE, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, ICF, IHF, IAT, IEV, IGV, MXI, IXN, SOXX, SLV, EWA, EWO, EWK, EEM, EWQ, EWG, EWH, EWI, EWJ, EPP, EWS, EZA, EWY, EWD, EWT, QLD, PBE, PEJ, PHO, ROBO, XLY, XHB, XAR, XLK, UNG, USO, SMH, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 1/3/24. 2024 Market Forecast

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

$ $ $

Here's a symbol list of 172 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ADBE, ADTN, AEIS, AFL, AKAM, ALKS, AXP, AIG, AMWD, AON, AAPL, ATR, ADSK, ADP, BCPC, BAX, BIG, BIO, BIIB, BKH, BRC, BBW, CDNS, CNC, CDAY, CHD, CLF, CLX, CNX, ED, COP, GLW, CSGS, CMI, DHR, DVN, DSGR, D, EXP, EIX, ELV, EME, EFX, EQT, EG, EXPI, FARO, FIS, FIVN, FORM, GIS, GILD, GMS, THG, HL, HOLX, HOV, INCY, IBP, IIIN, ITGR, INTC, IPAR, NVTA, JAZZ, KEYS, LHX, LRCX, LNC, LMT, MTSI, MANH, MTRX, MDC, MDT, MGEE, MU, MLKN, MS, MLI, MYGN, NTAP, NJR, NWL, NOVT, OGE, ORI, OTEX, ORCL, OMI, PATK, PDCO, PETS, PCG, PNW, PRU, PHM, QCOM, DGX, RL, RMBS, RTX, ROK, CRM, SBH, SEE, SEIC, SIGI, SCI, SHOP, SPSC, SRDX, SNPS, TRGP, TFX, TER, TEVA, TXT, TMO, TOL, TSCO, VMI, VECO, VRTX, WU, WMB, WSM, WSC, ZBRA, IAI, IYC, ITB, IDU, FDN, QTEC, FXL, ICF, IYH, IHF, IAT, IYZ, IEV, MXI, EWA, EWK, EWC, EWQ, EWI, EPP, EWD, EWT, EWU, IBB, DBA, PEJ, PJP, XLF, GLD, XHB, 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.

-- Thomas Bulkowski

Tuesday 1/2/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Diamond top.

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Here's a symbol list of 111 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: A, ALRM, BCPC, BSET, BIIB, BMRN, BSX, BLDR, CAL, CPB, CNC, CNP, CHS, CLX, CNA, CL, CMTL, ED, CAG, CONN, CRH, CCRN, CSGS, DUK, EXP, EFX, EQT, EXC, EZPW, FIVN, FMC, FTV, HOV, HUM, JBHT, PODD, ITGR, INTC, IPAR, IPG, NVTA, LHX, LH, LPLA, MRO, MTRX, MLKN, MOS, MYGN, NFG, NFLX, NTAP, NWPX, OMC, OTEX, ORCL, OMI, OXM, PKG, PATK, PFE, PXD, PFG, DGX, RMBS, RLI, ROK, SBH, SCHW, SRE, NOW, SHOP, SLGN, STR, SKX, SPLK, SRDX, SNPS, TFX, UIS, UPS, VMC, WSC, XEL, ZBRA, IAI, IEZ, ICF, IGV, MXI, EWQ, EWJ, EWM, EPP, EWS, EZA, IBB, PBE, PXJ, ROBO, XLY, 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.

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

-- Thomas Bulkowski