As of 02/21/2025   Indus: 43,428 -748.63 -1.7%     Trans: 16,034 -430.64 -2.6%     Utils: 1,023 +3.75 +0.4%     Nasdaq: 19,524 -438.35 -2.2%     S&P 500: 6,013 -104.39 -1.7%	YTD  +2.1%    +0.9%    +4.1%    +1.1%    +2.2%	Targets    Overview: 02/13/2025     42,500 or 45,000 by 03/01/2025   16,900 or 15,800 by 03/01/2025   1,050 or 970 by 03/01/2025   19,200 or 20,500 by 03/01/2025   5,875 or 6,200 by 03/01/2025
Chart Pattern Indicator: on 2/19/25

As of 02/21/2025   Indus: 43,428 -748.63 -1.7%     Trans: 16,034 -430.64 -2.6%     Utils: 1,023 +3.75 +0.4%     Nasdaq: 19,524 -438.35 -2.2%     S&P 500: 6,013 -104.39 -1.7%	YTD  +2.1%    +0.9%    +4.1%    +1.1%    +2.2%
Targets    Overview: 02/13/2025     42,500 or 45,000 by 03/01/2025   16,900 or 15,800 by 03/01/2025   1,050 or 970 by 03/01/2025   19,200 or 20,500 by 03/01/2025   5,875 or 6,200 by 03/01/2025
Chart Pattern Indicator: on 2/19/25

Friday 1/31/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, A, APD, ATSG, ALB, AA, ALKS, AEO, AEP, APA, AMAT, ARW, BSET, BAX, BRC, BBW, CBT, CLS, CF, CHKP, CLNE, CNX, CTSH, COST, CRH, DHR, XRAY, ^DJI, DOV, EOG, EZPW, FLEX, FTNT, FNV, IT, GPN, THG, HL, HELE, HP, HNI, IBKR, IPG, KELYA, KMT, LH, LRCX, LANC, LLY, LOW, M, MGY, MANH, MCHX, MA, MTDR, MCO, MUR, NFG, NWPX, OXY, OGE, ASGN, OR, PATK, PTEN, DGX, RL, REGN, ROP, RES, SLB, SEIC, SIGI, SCI, SHW, SHOP, STR, SKX, TRGP, TDOC, TDY, TER, TEVA, TTD, TMO, TKR, UNM, VLO, V, WAT, IAI, IYE, IHE, DDM, FTEC, ICF, IEV, IXN, ILF, SLV, EWO, EWK, ECH, EWJ, EPP, EWS, EZA, EWP, EWL, EWT, EWU, QLD, PPA, PEJ, PXJ, XLE, GLD, XLV, XHB, XLI, XRT, VHT. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Thursday 1/30/25. Intraday Market Direction: Nasdaq

$ $ $

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

I don't have a lot to say about the picture. At AB, there's a small chart pattern called a double bottom. That's a pattern where the two valleys bottom near the same price. The shape of them (Adam or Eve bottoms) determine the type of pattern. This one looks to be an Adam & Eve.

The pattern confirms as valid when price closes above the peak between bottoms A and B. I show confirmation as the horizontal red line. The index has waffled sideways since then.

The diagonal red line is a line of trend. On Friday, the index pierced that line, heading lower. On Monday, on fears the US was losing its edge in AI (artificial intelligence), the Nasdaq gapped open significantly lower.

It's been working to close the gap since. Often these types of tall gaps are exhaustion gaps, which usually close quickly. I believe the Nasdaq will continue to rise in the coming weeks, but it may depend on political events.

However, yesterday's CPI (chart pattern indicator) was 62.5 and today it's 37, just within the 35 to 65 neutral zone. We could see the index move lower for a few days. So that's lower for a few days but higher after that.

$ $ $

3-Bar: New small pattern released. Performance isn't that great. This is a pattern someone visiting the website and using Patternz asked me about years ago. Sorry for the delay. Patternz finds the pattern, by the way.

$ $ $

Here's a symbol list of 108 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, ATSG, ALK, AA, ALKS, AEO, AEP, AMWD, ATR, AWI, BAX, BIIB, BAH, BRC, BRKR, BBW, BG, COR, CF, CRL, CHKP, CLF, CMCO, GLW, CSGP, COST, CROX, DECK, DDS, EXP, EBAY, EMR, EVRG, FFIV, FLEX, GD, HP, HSIC, HSY, INCY, IIIN, TILE, KSS, LZB, LEN, LLY, LMT, LXU, M, MGY, MANH, MCHX, MRTN, MRCY, META, NWPX, NUS, OXY, ORCL, OR, OMI, PANW, PDCO, PTEN, PCTY, RJF, SLB, SCI, SLGN, SKX, SPSC, SSYS, TRGP, TDOC, TPX, TEVA, UGI, UIS, UPS, UNM, VFC, WSO, WU, WEX, WWW, IYE, FTEC, IXN, EWH, EWS, EWT, TUR, QLD, DBA, PEJ, PXJ, XLE, XLV, XLB, VHT, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Foresight (#Ad)

Wednesday 1/29/25. A Look at the Chart Pattern Indicator (CPI)

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

The most recent signal of the CPI is neutral. The white bar on the far right of the chart shows this with a reading of 62.5.

The thin blue line near the bottom of the chart shows that the CPI has been trending down for more than a week, nicely predicting a peak in the index. Today's recovery in tech stocks did not push the CPI upward, at least not that I recall. That suggests the majority of the market is weak. You might not see it yet, but perhaps you'll see it in the Dow stocks shortly.

Why? The Dow industrials have been moving higher for about 3 weeks now, so it's time for them to rest. They've reached the level of a prior peak, so I'm expecting a retrace in the coming two weeks. You can see that behaviour in the S&P chart, too. The index made a straight-line run up, reached the height of the prior peak, and retraced.

$ $ $

Here's a symbol list of 155 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACIW, AYI, AEIS, AMD, AKAM, AA, AEP, AMWD, APH, AON, APA, APOG, AMAT, ANET, AWI, BSET, BAX, BZH, BIO, BIIB, BAH, BBW, BG, CX, COR, CF, CVX, COP, CR, CW, EMN, EBAY, ECL, EIX, EME, EVRG, EXC, XOM, FLEX, FORM, FTV, FWRD, FCX, GAP, GD, HP, HSY, HON, HUM, INCY, IBP, IRM, JBLU, KELYA, KEYS, KMB, KSS, KLIC, LZB, LRCX, LDOS, LLY, MHO, M, MRTN, MLM, MTDR, MU, NTAP, NWPX, NUS, NVDA, OXY, OLN, OR, OMI, PKE, PDCO, PTEN, PETS, PEG, RRC, RJF, RGS, RNG, RLI, SAND, SLB, SCHW, SAIC, SEIC, SHOP, SKX, SO, SCCO, SSYS, SRDX, TRGP, TDOC, TDC, TEVA, TKR, UGI, UPS, UNM, VLO, MDRX, XEL, IYM, IYE, IDU, FTEC, FXI, BOTZ, ICF, IXC, IXN, SOXX, IGE, EIS, EWM, EWY, EWT, QLD, PPA, PXJ, PHO, XLE, GLD, XLV, XHB, XLI, XLB, XAR, XLU, UNG, USO, VHT, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Foresight (#Ad)

Tuesday 1/28/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Valero Energy: VLO stock.

$ $ $

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: DDD, ANF, AYI, ADBE, AEIS, ATSG, AKAM, ALRM, AA, ALL, AEE, AEP, AMWD, AMN, APH, AR, APOG, ARCB, ANET, AIZ, AGO, ADP, AVNT, BALL, BAX, BIIB, BFH, BMY, BLDR, BG, CALM, CLS, COR, CNC, CF, CHKP, CHD, CIEN, CLX, CNA, CMCO, COST, CSGS, DHR, XRAY, ^DJU, ^DJT, ^DJI, DOV, BOOM, EXP, EBAY, ECL, ELV, EMR, EFX, EL, EXC, EZPW, FDS, FDX, FLS, FORM, FCX, GNW, GMS, THG, HE, HSY, HNI, HOLX, HON, HUN, IDA, IDXX, IBP, IIIN, ITGR, INTC, IPAR, TILE, IPG, IPI, JNJ, KBH, KELYA, KLIC, LZB, LH, LANC, LNC, L, LOW, MHO, MTSI, MAN, MCHX, MDT, MRK, MU, MCO, MUR, NTGR, NJR, NEE, NKE, NI, NWPX, NTNX, NVDA, OLN, OMC, OTEX, ORCL, PANW, PKE, PATK, PDCO, PG, PRU, PEG, PHM, PSTG, QTWO, KWR, DGX, RRC, RJF, RGS, RNG, RHI, ROP, SAIA, CRM, SIGI, SRE, SMTC, SHW, SO, SXI, SCS, SSYS, TRGP, TDOC, TFX, TER, TTD, TOL, TZOO, TG, TREX, TWLO, UPS, UNH, VMI, VECO, MDRX, WERN, WOLF, XEL, ZBRA, IYK, IYC, IYE, DDM, FTEC, FXI, IYH, IEV, IXC, IXN, ILF, SOXX, IGE, IEO, ITB, EWK, EWS, EWL, IBB, PXJ, XLE, XLV, XHB, XAR, XLK, UNG, SMH, VHT. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Monday 1/27/25. 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 S&P 500 index on the daily chart.

The index followed the red trendline higher. Notice that even though the index punched through the trendline in mid December (going down), it has climbed to meet the line again (A).

Will the index ignore the trendline and continue higher or will the line act as overhead resistance and push the index down?

It's been my experience that the line will impede the index from moving higher, at least for a time.

At B, the index dropped through support at B, but recovered. Drawing the two green lines shows a pattern called a falling wedge. Those breakout upward 68% of the time according to my book, Encyclopedia of Chart Patterns, 3rd Edition (#AD).

In this case, the breakout was downward (B), but it busted the breakout when it soared above the top of the pattern at A. I think it's time for the index to take a rest and retrace.

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 187 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AYI, ADBE, APD, ATSG, AKAM, AA, ALL, AEP, AMWD, APH, AON, AMAT, ATR, AIZ, AGO, AVA, BALL, BMRN, BAH, BFH, BR, BG, CACI, CAL, CX, CHKP, CNA, CMCO, COST, COTY, CCRN, CTS, DHR, XRAY, ^DJU, DOV, EXP, EBAY, EMR, EQT, EL, FFIV, FLS, FCX, IT, GNW, GILD, GFS, GMS, GGG, THG, HE, HQY, HNI, HUN, IBP, IIIN, PODD, INTC, TILE, IPG, IPI, INTU, KBH, KELYA, KLAC, LRCX, LANC, LEN, LNC, RAMP, L, MHO, MTSI, MAN, MLM, MA, MTDR, MRK, MU, MCO, MOS, MUR, MYGN, NTGR, NWPX, NVDA, ORI, OLN, OMC, OTEX, ORCL, PANW, PKE, PDCO, PPG, PSTG, QTWO, KWR, RJF, RHI, ROG, SAIC, SIGI, SRE, SKX, SXI, SCS, SSYS, SRDX, TRGP, TGT, TDOC, TEVA, TRV, TZOO, TG, TREX, TWLO, UGI, VECO, WRB, WERN, WU, WMB, WOLF, WDAY, XEL, IYM, IDU, FTEC, FXI, IAT, IYZ, IEV, IXN, SOXX, IEO, ITB, EWA, EWO, EWK, EWC, ECH, EEM, EWQ, EWG, EWI, EWJ, EPP, EWS, EWP, EWD, EWT, PPA, SSO, ROBO, GLD, XAR, XLK, UNG, 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 below industries were the best (rank 1) or worst performing of those I follow.

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

Friday 1/24/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 179 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ATSG, AKAM, ALRM, ALB, ALL, AEP, AFG, AMWD, AON, ATR, AIZ, AGO, AVY, AVNT, AVA, AXS, BCPC, BALL, BIIB, BKH, BA, BAH, BRC, BFH, CX, COR, CRL, CINF, CLNE, CNA, CMCO, ED, COP, CSGP, COST, CR, CROX, CCRN, CTS, XRAY, ^DJI, DTE, EXP, EMR, EL, EXPI, FFIV, FARO, FDP, GD, GE, GNW, GPN, GFS, GMS, THG, HE, HTLD, HNI, JBHT, HUN, IIIN, ITGR, INTC, TILE, IPG, INTU, KALU, KFRC, LZB, LANC, LNC, RAMP, L, MHO, MANH, MAN, MLM, MA, MTDR, MLKN, MCO, MS, MOS, MUR, NTGR, NJR, NWL, JWN, NWPX, OLN, OMC, OTEX, ORCL, OUT, PANW, PKE, PATK, POR, PPG, PEG, PSTG, QTWO, KWR, RRC, RJF, RNG, RLI, RHI, SBH, SAND, SCHW, SAIC, SIGI, SRE, SMTC, SKX, SWX, SPSC, SXI, SCS, SSYS, TRGP, TECH, TDY, TEVA, TDG, TZOO, TG, TREX, UGI, UIS, VEEV, WRB, WMT, WERN, WMB, WOLF, WWW, WWD, XEL, ITA, IYC, FTEC, FDN, FXL, EWO, EWC, EEM, EWQ, EWH, EWW, EZA, EWT, PBE, PEJ, ROBO, XLY, XRT, 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.

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Thursday 1/23/25. Intraday Market Direction: Nasdaq

$ $ $

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

The chart shows a chart pattern called a rising wedge. That pattern has a trend bounded by two rising and converging trendlines, like the red ones shown here.

Breakout from a rising wedge is upward 40% of the time, meaning it breaks out downward most often. A breakout happens when the index closes below or above one of the trendlines. This example shows an upward breakout.

What happens next? A throwback happens 72% of the time. That means the index should return to the breakout price, often in an average of 12 days. So I'm looking for the index to move lower in the coming days.

$ $ $

Here's a symbol list of 245 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, ADBE, APD, AKAM, ALK, ALKS, ALL, AFG, AMWD, APH, AON, AAPL, AMAT, ANET, AIZ, AGO, AVA, AXS, BALL, BKH, BFH, BBW, CDNS, CE, CLS, CNP, CF, CIEN, CINF, CLX, CNA, CNX, CMCO, CXW, COST, COTY, CTS, XRAY, DVN, DDS, DFS, D, BOOM, EXP, EME, EMR, EL, EXPI, EZPW, FFIV, FDS, FTV, GD, GNW, GFS, GMS, GGG, HBI, THG, HE, HQY, HSY, HNI, HD, HON, HUN, IDA, IIIN, ITGR, INTC, IBKR, TILE, IPG, KMT, KMB, LANC, LNC, L, MHO, MAN, MKTX, MTRN, MTRX, MGEE, MSFT, MCO, MOS, MUR, ^IXIC, NTGR, NTAP, NWL, NEU, NEE, NWPX, OXY, OGE, ORI, OLN, OMCL, OMC, OTEX, ORCL, PANW, PKE, PEN, PLXS, POR, PINC, PG, PEG, PSTG, QTWO, KWR, REGN, RLI, RHI, ROK, RGLD, ^GSPC, SEIC, SIGI, SRE, SMTC, NOW, SHW, SLGN, SKX, LUV, SWX, SR, SXI, SCS, SSYS, SRDX, TRGP, TECH, TDOC, TDY, TPX, TKR, TDG, TRV, TZOO, TG, TREX, TWLO, UIS, VEEV, VRTX, WERN, WMB, WOLF, WWD, XEL, IYM, IYK, IYC, IDU, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, ICF, IYZ, IEV, IGV, MXI, IXN, ILF, IGE, EWA, EWZ, EWC, ECH, EWQ, EWG, EWH, EWM, EPP, EZA, EWY, EWP, EWL, THD, TUR, QLD, DBA, PEJ, PXJ, SSO, ROBO, XLP, GLD, XLB, SPY, XLK, XLU, UNG, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Foresight (#Ad)

Wednesday 1/22/25. A Look at the Chart Pattern Indicator (CPI)

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

The indicator turned bullish about a week ago, which the green bar on the far right of the chart shows.

Since the signal, the market has responded by moving higher in a straight-line run upward.

Near the bottom of the chart, you can see the thin blue indicator line. It's at 97.6, which is close to the max value of 100. It suggests that there's a tiny bit of upside left before it plummets. If it drops, it signals market weakness but not necessarily pulling down the index dramatically. Look back at the chart, where it shows the blue line and marry that with how the index behaved. Sometimes the CPI dropped and the index followed (mid August, for example). Sometimes, the CPI dropped but the index continued higher (September).

$ $ $

Here's a symbol list of 183 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, ADTN, APD, ALB, AA, ALKS, AMZN, AEE, AMWD, AAPL, ARCB, AWI, ARW, AIZ, ADSK, AVA, AXS, BAX, BZH, BA, BSX, BFH, CE, CLS, CX, CDAY, CINF, CLX, CAG, CXW, COTY, CROX, CSGS, CTS, CW, EMR, EPAM, EVRG, EXC, FFIV, FLS, FTV, GD, GE, GIS, GNW, GFS, GL, GMS, GOOGL, GPRO, GFF, HNI, HOV, HURC, IDA, ITW, INFN, IIIN, INTC, KALU, KBH, K, KELYA, KMB, LHX, LAMR, LMT, LOW, MTSI, MAN, MCHX, MLM, MTRN, MTRX, NFG, NI, JWN, NOC, OGE, ORI, OR, OUT, PKG, PKE, PYPL, PEN, PNW, PLXS, PPL, PINC, PSTG, RL, RJF, RTX, RNG, RCKY, SCHW, SRE, NOW, SKX, SWX, SR, SXI, TRGP, TECH, TDOC, TPX, TDC, TXN, TXT, TDG, UGI, UIS, VFC, VEEV, VMC, WRB, WSO, WU, WPM, WMB, WSM, WSC, WWD, ZBRA, ITA, IYM, IDU, QTEC, BOTZ, IAT, IYZ, IEV, MXI, IYF, IHI, EWA, EWO, EWK, ECH, EWQ, EWG, EIS, EWI, EWM, EPP, EWS, EZA, EWP, EWD, EWL, EWT, EWU, IBB, PPA, DBA, PEJ, PXJ, PJP, PHO, ROBO, XLF, GLD, XLI, XLB, XRT, XAR, XLU, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Foresight (#Ad)

Tuesday 1/21/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Varian Semiconductor: VSEA stock.

$ $ $

Here's a symbol list of 182 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: A, ALK, ALB, AMZN, AME, ANIK, APA, ARCB, ADP, AXS, AZTA, BSET, BAX, BZH, BRKR, BLDR, CDAY, CRL, CINF, CTAS, CLX, CNO, CGNX, CMTL, GLW, CRH, CCK, CMI, ^DJT, ^DJI, BOOM, EXP, EME, EMR, EFX, EXPI, FFIV, FICO, FIVN, FTNT, FTV, FWRD, GME, GIS, GPN, GFS, GL, GMS, GFF, GES, DHI, HOV, HUBG, HUN, HURC, IDA, IDXX, NSP, INTC, IPI, KALU, KBH, KEYS, LZB, LEG, LNC, RAMP, MTSI, MANH, MLM, MAS, MRK, MCO, NBR, NFG, NWL, NEU, NKE, JWN, NOVT, NTNX, OGE, ORI, OMC, OTEX, OUT, PTEN, PAYX, PCTY, PPG, PPL, PINC, PFG, RMBS, RGS, RCKY, RES, ^GSPC, SLB, SAIC, SMG, SEE, SEIC, SIGI, SMAR, SR, SXI, TPR, TRGP, TPX, TDC, TEVA, TXN, TXT, TTD, TOL, TZOO, TWLO, UGI, UIS, UNM, VFC, WRB, WU, WOLF, WDAY, IYM, IAI, IYC, IEZ, IHE, DDM, QTEC, FXL, FXI, BOTZ, IYZ, IGV, MXI, IXN, IGE, EWO, EWK, EWQ, EWG, EWH, EWI, EZA, EWP, EWD, TUR, EWU, PPA, DBA, PEJ, PXJ, PHO, SSO, ROBO, XLY, XLI, XLB, SPY, XAR, 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.

$ $ $

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

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

Friday 1/17/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 140 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, AMZN, DOX, AEP, AFG, AIG, AMWD, AMGN, AMAT, ACGL, ASH, ATO, ADP, BSET, BAX, BKNG, BMY, BR, CPB, CLS, CNP, CRL, CTAS, CSCO, CNO, CL, CMTL, COTY, CSGS, DHR, DFS, D, DTE, DUK, BOOM, EMR, EL, EVRG, EXC, FFIV, FICO, FIVN, FTV, FNV, GME, GAP, GD, GL, HQY, HTLD, HELE, HUBG, PODD, TILE, IPI, KLAC, LHX, LRCX, LPLA, LXU, MTSI, MGY, MS, MUR, ^IXIC, NFG, NJR, NI, NOC, NVDA, OGE, PDCO, PTEN, PCTY, PNW, POR, PPG, PPL, PINC, PFG, PEG, QCOM, RL, RGA, RLI, ROL, RES, SAIA, SCHW, SEE, SHW, SO, LUV, SWX, SPSC, TPX, TDC, TMO, TSCO, TRV, TWLO, UGI, UPS, VFC, WLK, WEX, WPM, XEL, IAI, IYK, IHE, FTEC, IEV, IXC, IXN, EWK, EWQ, EWM, EWS, EWY, EWD, EWL, EWT, TUR, QLD, ROBO, GLD, XLK, XLU, 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.

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Thursday 1/16/25. Intraday Market Direction: Nasdaq

$ $ $

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

I don't have a lot to say about the chart. The index followed the channel down. I show the channel as two nearly parallel lines.

At A, the index completed what's called a throwback. That's when a chart pattern (in this case, the channel) breaks out upward but quickly (within a month but it usually happens in about a week to 10 days) returns to the breakout price. That's what you see at A.

As to what all of this means for the index going forward, I haven't a clue.

$ $ $

Here's a symbol list of 214 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AES, AFL, ATSG, ALGT, AMZN, AEO, AFG, AIG, AMWD, AMN, AAPL, ARCB, ACGL, AWI, AGO, AVNT, BECN, BZH, BIO, BMRN, BKH, BFH, BLDR, CX, COR, CIEN, CTAS, CNO, CNX, CMTL, COP, COST, COTY, CCK, DHR, DFS, ^DJT, DOV, DUK, EXP, EME, EFX, EQT, EXPI, FFIV, FICO, FAST, FLS, FWRD, FNV, GME, IT, GE, GL, GMS, GGG, GFF, HQY, HTLD, HSII, HNI, HD, DHI, HOV, HWM, HUBG, JBHT, IDA, ITW, IBP, IIIN, IPI, ISRG, IRM, K, KELYA, KFRC, KLAC, LZB, LANC, LEG, LNC, LOW, LXU, MHO, MTSI, MGY, MAN, MLM, MAS, META, MGEE, MLKN, MCO, MLI, MUR, NFG, NFLX, NTAP, NEU, NOC, NUS, OGE, OLN, ORCL, OMI, PATK, PDCO, PTEN, PYPL, PFE, POR, PPG, PFG, PHM, RMBS, RRC, RJF, RHI, ROK, RES, R, SAIA, SBH, SEE, SIGI, SMTC, NOW, SHW, SLGN, SCCO, LUV, SCS, SSYS, SRDX, TPX, TXT, TOL, TSCO, TREX, UHAL, VFC, VLO, VMI, VRTX, V, VMC, WRB, WSO, WERN, WLK, WEX, XEL, ITA, IYM, IAI, IYC, IYE, IEZ, FXL, FXI, IAT, IYZ, IGV, IXC, MXI, ILF, IGE, IEO, IYF, ITB, IHI, EWK, EWZ, EEM, EWQ, EWG, EWH, EIS, EWI, EWM, EZA, EWY, EWP, EWD, EWT, IBB, PEJ, PXJ, PJP, PHO, XLE, XLF, GLD, XHB, XLI, XLB, XRT, USO, 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.

$ $ $

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

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

Wednesday 1/15/25. A Look at the Chart Pattern Indicator (CPI)

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

The CPI flipped from neutral (white bar) to bullish (green bar) in the most recent reading. That means the green bar on the far right of the chart appeared today (Tuesday, after the close).

Keep in mind that signals can change for up to a week, but are usually stable after 3 trading days. What does that mean? The red bar on the far right of the chart likely won't change but the signals to the right of that could change.

I'm tempted to believe that the bullish signal will remain, but that's just a guess.

This chart shows bullish divergence between the CPI and the index. The CPI shows higher lows even as the index shows lower highs.

It suggests, but does not guarantee, that the index will following the indicator higher. Keep in mind that divergence can last for months without the index paying attention to the signal.

$ $ $

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: ANF, AYI, AFL, APD, ALRM, AA, AMZN, DOX, AMWD, AME, AMN, ANIK, AR, AAPL, ADP, AVY, BCPC, BECN, BZH, BBY, BIO, BMRN, BBW, BLDR, CAL, CE, CSCO, CNO, CGNX, CMCO, CMTL, CCRN, CSGS, CMI, ^DJU, DOV, BOOM, ECL, EMR, EVRG, EXPI, FARO, FDX, FIVN, FLS, FTV, FRD, GME, GAP, IT, GD, GOOGL, GGG, HBI, THG, HIG, HSIC, HNI, HWM, HUBG, IDA, IEX, ITW, ILMN, IIIN, IBKR, TILE, KELYA, KFRC, LANC, LXU, MHO, MANH, MLM, MAS, MTRN, MTRX, MLI, MYGN, NFLX, NEU, NOC, NWPX, NUS, OLN, OMC, PKG, PKE, PTEN, PFE, PLXS, POR, PFG, PRU, KWR, RRC, RTX, RLI, RHI, ROK, ROP, RES, R, SBH, SCHW, SEE, STR, SKX, SCS, TECH, TDY, TFX, TTD, TKR, TSCO, TDG, TG, VFC, VMI, VMC, WRB, WERN, WU, WLK, WEX, WSM, WOLF, WDAY, ITA, IYM, IDU, ICF, IAT, MXI, ITB, EWO, ECH, EWQ, EWW, THD, PBE, PJP, PHO, XHB, XLI, XLB, XRT, 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.

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

Tuesday 1/14/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Verisign: VRSN stock.

$ $ $

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: MMM, ANF, ABM, ALRM, ALKS, AFG, APH, ARCB, AWI, ADSK, BMRN, BRC, BFH, CBT, CAL, CENX, CF, CSCO, CGNX, CMCO, CMTL, GLW, DECK, DDS, DSGR, EVRG, FDS, FARO, FIVN, FLS, GAP, IT, GL, GOOGL, GPRO, GGG, GFF, HNI, HWM, HUM, JBHT, ILMN, INFN, INTC, IPAR, TILE, JBLU, KLAC, KSS, KLIC, LDOS, RAMP, M, MRTN, MLM, MTRN, MU, MUR, MYGN, NTAP, NJR, NI, JWN, NUS, NVDA, OMCL, OMI, PANW, PKE, PCTY, PCG, KWR, RJF, RTX, ROG, ROP, SIGI, SRE, SLGN, SKX, SXI, SCS, TJX, TOL, TDG, TZOO, VMI, VECO, VC, WEX, WOLF, WDAY, ITA, IYM, IYC, FTEC, FXL, BOTZ, ICF, IAT, IEV, IGV, MXI, IXN, EWO, EEM, EWG, EWH, EWJ, EWM, EZA, EWD, EWT, THD, TUR, EWU, PJP, ROBO, XRT, XLK, XLU, UNG, VAW, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Tuesday 1/14/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Verisign: VRSN stock.

$ $ $

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: MMM, ANF, ABM, ALRM, ALKS, AFG, APH, ARCB, AWI, ADSK, BMRN, BRC, BFH, CBT, CAL, CENX, CF, CSCO, CGNX, CMCO, CMTL, GLW, DECK, DDS, DSGR, EVRG, FDS, FARO, FIVN, FLS, GAP, IT, GL, GOOGL, GPRO, GGG, GFF, HNI, HWM, HUM, JBHT, ILMN, INFN, INTC, IPAR, TILE, JBLU, KLAC, KSS, KLIC, LDOS, RAMP, M, MRTN, MLM, MTRN, MU, MUR, MYGN, NTAP, NJR, NI, JWN, NUS, NVDA, OMCL, OMI, PANW, PKE, PCTY, PCG, KWR, RJF, RTX, ROG, ROP, SIGI, SRE, SLGN, SKX, SXI, SCS, TJX, TOL, TDG, TZOO, VMI, VECO, VC, WEX, WOLF, WDAY, ITA, IYM, IYC, FTEC, FXL, BOTZ, ICF, IAT, IEV, IGV, MXI, IXN, EWO, EEM, EWG, EWH, EWJ, EWM, EZA, EWD, EWT, THD, TUR, EWU, PJP, ROBO, XRT, XLK, XLU, UNG, VAW, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Monday 1/13/25. Market Monday: The Week Ahead

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

My Prediction

The pattern highlighted in green is a broadening top. Those breakout upward 60% of the time, according to my book, Encyclopedia of Chart Patterns, 3rd Edition (#ad). After a throwback to the breakout price, the index continued rising. It more than met the measure rule target, which was the height of the pattern added to the top of it.

Now, we're in a down-sloping channel (A). The Nasdaq is holding its value much better than the Dow industrials. Maybe that's a small consolation to your wallet or purse.

You might consider this a long flag. I think the reason for the drop from the peak about a month ago is a strong economy, forcing the FED to delay dropping interest rates. I think the market's decline is overblown, so I'm looking for a reversal. However, I'm waiting to see what the market does in the next few days before I buy more.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

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

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 3 days.

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: ADBE, AMD, AES, APD, ALRM, ALKS, ALL, AIG, AR, APOG, ADM, AGO, ADSK, AVNT, BIIB, BOOT, CACI, CALM, CNP, CINF, CLNE, CL, CMCO, CMTL, CTS, DVN, DFS, ^DJT, EIX, EOG, FDS, FIVN, GNW, GPN, GFS, GOOGL, THG, HTLD, HSII, HP, HUN, HURC, ILMN, IIIN, INTC, IPAR, TILE, IPG, KBH, KMB, KLIC, LRCX, LNC, RAMP, MGY, MRTN, MTDR, META, MU, MSFT, MUR, NFLX, NJR, OMCL, ON, ORCL, PKE, PAYX, PCTY, PCG, QTWO, RRC, RNG, RLI, RHI, ROG, CRM, SAND, SLB, SIGI, SRE, NOW, STR, SKX, SMAR, SR, SXI, SSYS, TFX, TG, UHAL, VLO, VEEV, VC, WAT, WEX, WOLF, XEL, IYC, IHE, IDU, FTEC, QTEC, FXI, ICF, IAT, IGV, IXN, ILF, IEO, EWK, EWZ, EEM, EWQ, EWH, EWJ, EWM, EZA, EWD, EWT, THD, IBB, DBA, PEJ, GLD, XLK, XLU, UNG, 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.

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

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

Friday 1/10/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 4 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: HBI, ILMN, MU, NWL. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Thursday 1/9/25. Intraday Market Direction: Nasdaq

$ $ $

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

At A, we see the shape of a chart pattern called a head-and-shoulders bottom. Depending on what you think is the right shoulder (and neckline), the pattern either confirmed as valid or it hasn't.

I think it might have confirmed. A closer look of the chart shows that it closed above the neckline today around 2:30. You can see that on the chart as a little nubbin above the red line to the lower right of A.

At B, we see a knot of congestion that I believe has acted as support. The pattern at A seems to be hung up at or near the price of B.

At C, is a small pattern with a few valleys bottoming near the same price level. This might act as overhead resistance to a move higher. It has already impeded upward movement today, but maybe the index can push through it going higher, Frday.

Alternatively, we might see the index plummet to tie the low price on the chart. My guess is the index will rise.

$ $ $

Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, AMD, AES, ALRM, ALK, ALB, AA, ALKS, AMWD, ANIK, AR, APOG, ACGL, ADM, ATO, ADP, BSX, CE, CNC, CENX, CDAY, CINF, CSCO, CL, CMCO, CMTL, CAG, CXW, CRH, CSGS, CTS, XRAY, DFS, ^DJT, EBAY, EIX, ELV, EVH, EXC, EZPW, FIVN, GNW, GFS, GPRO, HBI, HE, HTLD, HL, HSII, JBHT, HUN, IDXX, ILMN, NSP, IIIN, PODD, TILE, IPG, JBLU, KBH, MAN, MU, MUR, ^IXIC, NJR, NWL, NKE, NWPX, NVDA, OMCL, ON, OMI, PKG, PANW, PKE, PCTY, PYPL, PPL, PEG, KWR, RNG, RLI, RCKY, ROG, R, SMG, SIGI, SRE, SMAR, SCCO, LUV, SR, SSYS, TJX, TSCO, TG, VC, WRB, WEX, WPM, WMB, WOLF, FTEC, QTEC, FXL, FXI, SOXX, EWO, EWH, EWM, EWD, EWL, EWT, TUR, PPA, PBE, ROBO, XRT, XLK, XLU, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

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

Wednesday 1/8/25. A Look at the Chart Pattern Indicator (CPI)

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

The indicator slid from neutral to bearish today (Tuesday). The chart shows the signals, where a red vertical bar is bearish and the white ones are neutral.

Notice that on the prior red bar, about 2 weeks ago, it took 3 days before the index made a new low. Will that happen again?

Here's the same chart without signal changes shown. A bearish CPI has a reading of 35 so this 34.6 tucked under that value.

Notice that the CPI line looks like a rising wedge pattern, where trendlines drawn along the peaks and valleys converge. A rising wedge has a downward breakout 60% of the time (in stocks, bull market).

What does this mean? I'd be cautious here and wait to see if the market begins a sustained retrace (move down).

$ $ $

Here's a symbol list of 179 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ACIW, AMD, AES, ALRM, ALB, ALKS, ALL, AMZN, APOG, ANET, AGO, AVA, BFH, BCO, BLDR, BG, CALM, CX, CDAY, CIEN, CLNE, CLX, CNX, CL, CMCO, CMTL, CSGS, CTS, CW, DFS, EXP, EME, EXC, EZPW, FISV, FIVN, FCX, GFS, GPRO, HBI, THG, HLIT, HE, HQY, HTLD, HOLX, ILMN, INFN, IBKR, TILE, IPI, ISRG, JBLU, KALU, K, KSS, LZB, LH, LAMR, RAMP, LMT, LOW, MTSI, MAN, MCHX, MLM, MU, MS, ^IXIC, NWL, NOC, NWPX, NTNX, NVDA, OXY, OMCL, ASGN, ON, OXM, PATK, PCTY, PYPL, PG, PRU, PEG, PSTG, KWR, RMBS, RNG, RLI, RHI, ROG, RGLD, SAND, SCHW, SRE, SHOP, SLGN, SKX, SR, SXI, SSYS, SRDX, SNPS, TPR, TECH, TJX, TG, TREX, TWLO, UHAL, UNM, MDRX, VRSN, V, VC, WMT, WEX, WMB, XEL, ITA, IDU, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, ICF, IXN, SOXX, EWO, EWK, EIS, EWD, EWL, EWT, THD, TUR, QLD, SSO, ROBO, XLK, XLU, SMH, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 1/7/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Verisign 2: VRSN stock.

$ $ $

Here's a symbol list of 190 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, ADTN, AEIS, AES, APD, ALK, ALGT, ALL, AEE, AMWD, ANIK, APA, APOG, AMAT, ANET, AGO, BSET, BCO, BRKR, CALM, CLS, CX, CENX, CF, CVX, CHD, CSCO, CLNE, CLF, CNX, CL, CMTL, COP, CTS, DDS, DFS, D, EXP, EME, EMR, EFX, EL, EVH, EZPW, FFIV, FIS, FISV, FLEX, FMC, FTNT, FWRD, FNV, FCX, GNW, GFS, GL, GOOGL, GPRO, GGG, GFF, THG, HOV, HURC, ITW, INCY, NSP, INTC, KEYS, KLAC, KSS, LRCX, LEN, LLY, LMT, LXU, MHO, MTSI, M, MGY, MAN, MKTX, MTDR, MRK, MU, MS, NOVT, NTNX, NVDA, OXY, OTEX, OMI, OXM, PTEN, PYPL, PEN, PCG, PNW, PINC, PG, PRU, QCOM, RL, RMBS, RGS, ROG, RGLD, RES, R, ^GSPC, CRM, SAND, SRE, SMTC, SHOP, SKX, SR, SXI, SNPS, TDY, TER, TOL, TDG, TG, UGI, MDRX, VRSN, V, WU, WMB, WSM, WOLF, WWD, XEL, ZBRA, ITA, IAI, IYE, IHE, IDU, QTEC, FXL, FXI, BOTZ, ICF, IXN, ILF, SOXX, IEO, EWA, EWZ, EWC, ECH, EWH, EIS, EWJ, EWW, EPP, EWY, EWD, EWT, THD, TUR, PPA, DBA, PXJ, SSO, ROBO, XLE, XLF, SPY, XLU, UNG, USO, SMH. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Monday 1/6/25. 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 charts.

At AB, we see a nice image of an Adam & Adam double top. It confirms as a valid chart pattern when the index closes below the valley between the two peaks.

The drop that followed looks to have met the measure rule target. The target is the height of the pattern subtracted from the low between the two peaks.

I drew a horizontal red line across support in October and early November, just to show where the index might find support should it fall that far.

For grins, I drew another trendline along the peaks. Together, a pattern forms, called a broadening formation, right-angled and ascending. Yes, it's not ideal because of no bottom trendline touches after November. However, the top trendline has a number of spread out touches. This would be a better looking pattern if I chopped it off after the bottom November touch, but sometimes it helps to extended the trendlines.

If the index drops, look for it to bounce off the bottom trendline. I think it might rise from here and form a double bottom. I highlight those bottoms at CD.

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 10 days.

Here's a symbol list of 110 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ALRM, ALB, AA, AEO, APA, APOG, ATR, BAH, BRKR, CACI, CX, COR, CENX, CTAS, CLF, CNX, CL, CXW, CSGS, EBAY, EVH, EZPW, FAST, FMC, IT, GL, GPRO, HTLD, HUBG, ITW, TILE, JAZZ, K, KELYA, KEYS, LHX, LDOS, MKTX, MTDR, MS, NTAP, JWN, NWPX, NUS, ORI, PATK, PRU, PHM, QCOM, RGS, RNG, ROG, R, SCHW, SIGI, SMAR, SCCO, LUV, SPSC, SSYS, SRDX, TRGP, TDC, TER, TXN, TMO, TJX, TOL, TSCO, TZOO, TREX, WERN, WSC, ZBRA, IYC, FXL, FXI, IXN, ILF, IYF, EWA, EWO, ECH, EIS, EWI, EWW, EPP, EZA, EWY, EWL, TUR, EWU, SSO, XLF, XRT, SPY, XLK. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 1/3/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 157 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, AFL, ALRM, ALGT, ALL, AEP, AFG, APH, ANIK, AON, APA, APOG, AAPL, ATR, ARCB, ASH, AIZ, AGO, BIIB, BRC, BCO, BBW, CBT, CPB, CE, CRL, CHKP, CHD, CI, CINF, CGNX, CL, GLW, CCK, CSGS, CTS, XRAY, DVN, FANG, DSGR, DOV, DTE, EL, EZPW, FDS, FAST, FRD, GME, GE, GGG, GES, HIG, HTLD, HP, HWM, HUBG, IEX, ITW, IPAR, TILE, KMT, LAMR, LDOS, LMT, M, MRTN, MTDR, META, MLKN, MUR, NFG, NTGR, NKE, NI, NWPX, NUS, NTNX, OUT, PKE, PTEN, PETS, PCG, POR, PPL, PG, PRU, RMBS, RHI, RCKY, ROG, RES, SAND, SCHW, SEE, SRE, SHW, SLGN, STR, SMAR, LUV, SWX, SCS, TDY, TER, TKR, TSCO, RIG, TZOO, TREX, UPS, VMI, WAT, WU, WLK, WWD, XEL, IYM, IYK, IYC, DDM, FXI, ICF, IGV, IEO, EWO, ECH, EWH, EIS, EWJ, EWM, EWY, THD, TUR, PXJ, SSO, XLP, XLB, XRT, UNG, USO, 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.

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

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

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

For details about the chart patterns, click here.

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

Thursday 1/2/25. 2025 Forecast Update

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

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Here's a symbol list of 6 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: APA, EZPW, MTDR, ROG, TZOO, EWM. 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

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