As of 12/27/2024   Indus: 42,992 -333.59 -0.8%     Trans: 16,031 -73.46 -0.5%     Utils: 987 -4.51 -0.5%     Nasdaq: 19,722 -298.33 -1.5%     S&P 500: 5,971 -66.75 -1.1%	YTD  +14.1%    +0.8%    +12.0%    +31.4%    +25.2%	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 12/27/24

As of 12/27/2024   Indus: 42,992 -333.59 -0.8%     Trans: 16,031 -73.46 -0.5%     Utils: 987 -4.51 -0.5%     Nasdaq: 19,722 -298.33 -1.5%     S&P 500: 5,971 -66.75 -1.1%	YTD  +14.1%    +0.8%    +12.0%    +31.4%    +25.2%
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 12/27/24

Thursday 7/29/21. 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's go through this chart by the letters, starting at A.

This is what I call a multi-peak pattern. Price forms several peaks while price moves sideways. This one isn't ideal because it has one or two peaks above the others.

Bottoms BC combine to form an Adam & Eve double bottom. Adam (B) has a narrow bottom while Eve (C) is much wider. This confirms as a valid chart pattern when the index closes above the highest peak between the two bottoms. It leads to a nice rise, to A.

D begins the flagpole of a flag pattern except the flag portion (circled) is too long. Flags should be less than 3 weeks long and this one looks to push the limits of that. The thinking with the flag is that price will resume climbing above the flag in an amount similar to the height of the flagpole, but it's measured from the bottom of the flag. Sound complicated? See the measure rule at the link for an explanation. Hint: it rarely works (46% of the time) as expected.

$ $ $

Here's a symbol list of 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, AJRD, ATSG, AKAM, AA, ALL, DOX, AEO, AXP, AFG, AIG, APOG, AAPL, ATR, ARCB, ACGL, AXS, BLL, BIG, BIO, BA, BKNG, BLDR, CAL, CLS, CIEN, CINF, CLF, CNO, CL, CLR, CR, CROX, CCRN, DHR, WIRE, EQT, EXPD, FDX, FE, FISV, FLEX, FWRD, GME, IT, GS, GOOGL, EVRG, GFF, GES, HBI, HIG, HNI, HD, HON, HOV, JBHT, IDXX, INFN, NSP, ITGR, IPG, IVC, JAZZ, JNJ, KFRC, LLY, L, MHO, MANH, MRTN, MA, MRK, MSFT, MLHR, MCO, NWL, NKE, NVDA, OUT, OMI, PDCO, PRFT, PFE, PPG, PG, DGX, RMBS, RGS, SAIC, TPR, TPX, TDC, TEVA, TJX, TOL, TRV, UPS, VFC, VMC, WRB, WAT, WSO, WU, ZBRA, ITA, ITB, DDM, EWK, EWZ, ECH, EWQ, PPA, PBE, ILF, MXI, XLI. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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 7/28/21. 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.

A thunder storm is approaching so I'll make this brief.

The indicator is still bullish but the thin blue indicator line near chart bottom is heading lower. That was pulled down today by the market's drop. Still, it shows underlying market weakness, I think. Perhaps it's better to describe the market condition as nervous.

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 lines show a modest recovery from a week ago, continuing an uptrend from the lows mid month. I think the recovery will continue into August, but we have to pierce earnings season, which is happening now.

After that, we'll be heading into September and that's usually a weak time. In sum, it's a time for caution. I still expect the markets to drop in September and October, but might show strength before then, in August.

$ $ $

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, AXDX, AEIS, APD, ATSG, AA, ALKS, ALL, AYX, DOX, AIG, AMN, APOG, AAPL, ADSK, AXS, BIO, BKH, BRKS, CACI, CAL, CLS, CNC, ED, CSOD, CREE, CROX, CCRN, DUK, EQT, EXC, FFIV, FAST, FDX, FIS, FISV, FWRD, GME, GE, GPN, GS, GOOGL, GPRO, GGG, HE, HAYN, HD, HON, HOV, IDA, INCY, INOV, NSP, ITGR, IPI, JCOM, JBLU, KLIC, LHX, LH, RAMP, LMT, MANH, MDT, MU, MSFT, MLHR, CNR, NJR, NVDA, OTEX, OUT, PANW, POR, PINC, PEG, PHM, DGX, SAIC, SRE, SHW, SO, SWX, STMP, TDOC, TDC, TOL, UPS, VFC, VMI, VEEV, VRSN, WDAY, ITA, FXI, IGV, SLV, EWZ, EEM, EWH, EPP, EWT, DBA, PBE, PJP, IXN, MXI, XLP, XLV. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 7/27/21. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Boeing: BA.

$ $ $

Here's a symbol list of 91 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AXDX, APD, AEO, AMGN, BZH, EPAY, BLDR, BG, CHS, CIEN, CINF, CLR, CR, DOV, DUK, EXP, EPAM, EXPD, FLEX, FCX, GS, EVRG, HON, INOV, IBP, IIIN, KLIC, LEG, MLM, MDCA, MS, MLI, MUR, MYGN, NEU, JWN, OGE, OTEX, PKE, PTEN, PPL, PINC, SLGN, LUV, SUM, TDC, VMI, VEEV, VMC, WDAY, IYM, IAI, IYK, IYC, IYE, IEO, IEZ, FXI, IYH, IYZ, IGE, IYF, EWA, EWO, EWK, EEM, EWH, EWI, EWW, EWS, EZA, EWD, EWT, DBA, PXJ, IEV, IXC, MXI, XLP, GLD, XRT, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 7/26/21. 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.

An unconfirmed head-and-shoulders bottom appears at LS (left shoulder), head, and RS (right shoulder). The pattern would confirm as a valid chart pattern when the industrials close above the right armpit (above red line A). That's the highest peak between the head and right shoulder.

It's close but I don't think that's happened yet.

Until we get confirmation, all we have is squiggles on the price chart. However, based on the bullish pattern, we can conclude that price is going to rise in the coming days/weeks.

In fact, you see a strong uptrend has formed over the last week from the right shoulder low. It might stall or encounter resistance at line A, so we'll have to watch it closely.

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 112 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, ADBE, ADTN, AMD, AES, AKAM, AMZN, AEO, AMWD, BLL, BERY, BMRN, BBW, CACI, CDNS, CINF, CLNE, CNA, CCK, CTS, DECK, DDS, DOV, BOOM, EMN, EPAM, EL, EXPD, EZPW, FB, FDS, FICO, FLEX, IT, GOOGL, EVRG, HD, HON, DHI, JBHT, NSP, NVTA, KBH, LEG, LEN, LOW, MA, MTRX, MSFT, MS, MYGN, NBR, ^IXIC, NXGN, PKE, PTEN, PPG, PINC, PHM, RGA, RHI, RCKY, RES, ^GSPC, SHW, SKX, TJX, VFC, VRSN, V, VMC, XLNX, ZBRA, IYC, ITB, IHI, IEZ, IHE, DDM, FTEC, FDN, ICF, IYH, IGV, ECH, EWQ, EWG, EWI, EWD, EWL, QLD, DBA, IEV, IXN, SSO, XLV, XHB, SPY, XLK, VHT, MGK. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 7/23/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AYI, ADBE, AES, AFL, AKAM, ALRM, AMZN, AEO, ANIK, ARCB, ATO, AVY, AVNT, AVA, BLL, EPAY, CACI, CLS, CRL, CHKP, CHS, CLNE, CNO, CR, CROX, CCRN, CMI, EXP, EBAY, EMR, EL, EXPD, FEYE, FE, FLS, FDP, GIS, GPRO, HTLD, HSII, HON, IDXX, ITW, IPG, NVTA, KFRC, MAS, MDCA, MSFT, MLI, NBR, NCR, NTGR, NXGN, OMC, OMI, PKE, PTEN, PYPL, PNW, PLXS, PINC, PGR, PRU, DGX, RES, SAIC, SMG, SEIC, NOW, SWN, TPX, TKR, TRV, UPS, WLK, IEZ, FTEC, FDN, FXL, IGV, EWO, EWK, ECH, EWM, EWS, EWP, EWD, QLD, DBA, QQQ, IXN, XLP, XLK, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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.

There were 19 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 576 stocks searched, or 3.3%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

Excluding ETFs, there were 13 bullish chart patterns this week and 2 bearish ones with any remaining (4) being undecided. The ratio of bullish to bearish patterns suggests the market is bullish.

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 7/22/21. Cryptocurrency DOGE-USD

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 cryptocurrency DOGE-USD.

Notice the scale: It's below a dollar and that makes it hard to chart on my software using the log scale. This is the linear scale.

At C, that's a potential double top, suggesting the currency would drop. However, the currency didn't close below the horizontal blue line (D) to confirm the pattern, so the double top was just squiggles on the chart.

At B, however, a bump-and-run reversal top appeared which predicted a decline for those astute enough to notice the pattern and had the courage to exit their positions.

Indeed, the currency plunged through the red trendline and kept going down, quite dramatically by the end of the month, too.

What remains on the chart is what I call a price mountain. It's not as clean as the ones shown in the link but I think it's valid nonetheless. The pattern suggests it could be years before it moves above peak A again. But that's true of stocks, not cryptocurrencies. So all hope is not lost.

More recently, a symmetrical triangle (E) had an upward breakout but the follow-through wasn't strong enough to reach the price target (the pattern's height added to the breakout price).

Since then, the currency has faded, following a nice straight trend toward zero.

$ $ $

Here's a symbol list of 96 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ADTN, AFL, ATSG, ALK, AA, AMZN, ANTM, AWI, ATO, ADSK, AVA, BKNG, CACI, CPB, CE, CLS, CHKP, CTXS, CMCO, CMTL, CR, CCK, CSGS, DFS, ^DJU, BOOM, EOG, FLEX, FMC, FWRD, GS, HAYN, IDA, ITGR, IPG, KALU, KMB, LHX, LZB, L, LXU, MS, NOV, NWL, NEE, NKE, NI, PKE, PNW, PFG, PG, PRU, PEG, KWR, RJF, RGA, REV, RCKY, SCHW, SR, TMO, TJX, RIG, TZOO, UNM, IYM, IDU, IAT, EWA, EWK, EEM, EWQ, EWG, EWH, EWI, EWW, EPP, EWP, EWD, EWU, DBA, ROBO, IEV, IXC, ILF, MXI, XLP, XLF, XLB, XRT, XLU, UNG, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 7/21/21. 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 indicator this past 7-days erased the bearish/bullish signal pair and left the July red bar in place as a bearish forecast. Then today's (Tuesday) action flipped the indicator to bullish.

The signal appears as the vertical green bar on the far right of the chart. A check of the numbers shows that only 12 bullish patterns caused the signal with 86 waiting to weigh in.

And that means the signal can disappear easily enough (which can happen for up to a week). So this chart is bullish but the signal I consider weak.

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).

As the chart shows, the red line took a steep dive compared to a week ago.

So this week, we have one stealth-bullish chart and one bearish chart. With earnings starting and summer being weak for stocks anyway, especially leading into September and October, I'm inclined to wait for this splash of Delta variant to scare the markets in the coming weeks. That will clear the slate for what happens next. A nice recovery in November or December.

$ $ $

Here's a symbol list of 84 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AMD, AKAM, AA, AMZN, AEP, AXP, AMGN, ARCB, BIG, BIIB, BKH, BKNG, COG, CACI, CPB, CLX, CMTL, CONN, CR, CW, DOV, EBAY, EXC, FICO, FEYE, GME, GIS, GNW, GILD, GS, GOOGL, HSIC, HSY, IEX, ITGR, IPG, KMB, LHX, LEG, RAMP, LXU, MANH, MAN, MDCA, MDT, OMC, ASGN, PANW, PKE, PRFT, PFE, PPG, PFG, PG, KWR, SKX, SWX, TDOC, TPX, RIG, VC, WMT, XEL, XLNX, ITA, SLV, EWZ, EWJ, TUR, PPA, DBA, IEV, XLP, GLD, UNG, USO, VIS. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 7/20/21. Slider Trading Quiz! Big Lots (BLI)

$ $ $

I show another slider trading quiz featuring Big Lots: BLI stock..

$ $ $

Here's a symbol list of 343 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, ACN, AYI, AEIS, AMD, AES, APD, ATSG, ALK, ALB, AA, ADS, ALL, AYX, AMZN, AEP, AXP, AMGN, APH, ANIK, APA, APOG, AWI, ARW, ASH, AIZ, AGO, ADSK, AVY, AVNT, BMI, BSET, BECN, BERY, BA, BKNG, EPAY, BBW, CBT, COG, CACI, CE, CLS, CX, CNC, CENX, CF, CVX, CIEN, CLF, CLX, CNO, CTSH, CMCO, CMTL, CAG, CONN, COP, CLR, CSOD, GLW, COST, CR, CREE, CRH, CCRN, CCK, CTS, CMI, CW, DVN, DDS, DFS, ^DJT, ^DJI, BOOM, EXP, EMN, EIX, EMR, WIRE, EOG, EL, RE, XOM, EZPW, FFIV, FB, FEYE, FISV, FLEX, FMC, FCX, FDP, FRD, GPS, GD, GNW, GL, GS, GGG, GFF, GES, THG, HLIT, HIG, HAYN, HQY, HL, HSII, HP, HSIC, DHI, HOV, HUBG, HURC, ITW, IIIN, ITGR, INTC, IPAR, TILE, IPG, JAZZ, JBLU, KALU, KELYA, KMB, KSS, LZB, LH, LAMR, LEG, LLY, LNC, M, MAN, MRO, MRTN, MLM, MA, MTRN, MDCA, MU, MS, MOS, MLI, MUR, ^IXIC, NFG, NOV, NCR, NTGR, NTAP, NXGN, NKE, JWN, OXY, OGE, ORI, OLN, OMC, OTEX, OUT, OXM, PKG, PANW, PAYX, PCG, PICO, PLXS, PPL, PINC, PFG, PRU, PHM, KWR, QCOM, RL, RJF, RGS, RGA, REV, RNG, RHI, RCKY, ROST, SAIA, SLB, SCHW, SAIC, SMG, SEE, SEIC, SMTC, LUV, SWN, SCS, SUM, SNPS, TPR, TPX, TEVA, TJX, RIG, TZOO, TG, SLCA, UGI, UNM, VFC, VLO, VMI, VMC, WSO, WERN, WLK, WEX, WMB, WWW, XEL, XLNX, ZBRA, ITA, IYM, IAI, IYK, IYC, IYE, ITB, IEO, IEZ, IHE, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, IYH, IHF, IAT, IYZ, IGV, SLV, IGE, EWA, EWO, EWK, EWZ, EWC, EWQ, EWG, EIS, EWI, EWJ, EWM, EWW, EPP, EWS, EZA, EWP, EWD, EWL, THD, EWU, QLD, PPA, PEJ, PXJ, QQQ, ROBO, IEV, IXC, IXN, ILF, MXI, XLY, XLE, XLF, XHB, XLI, XLB, XAR, XLK, UNG, USO, VIS, VAW, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 7/19/21. Market Monday: The Week Ahead

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

My Prediction

This is the Dow transports on the daily scale.

There's not a lot I can say about this picture. The index is dropping, following a channel down. I show that in red lines.

However, if we look at the amount of retrace of the AB move, it's about 38% (maybe 40% now). So we could expect a turn. If it doesn't turn up, then expect a turn at 50% and then at 62% and then...

Eventually, it'll turn up, just don't depend on Fibonacci telling you when.

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 229 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AXDX, ACN, AEIS, AMD, AJRD, AES, APD, ATSG, ALRM, ALB, ADS, AEO, AXP, AIG, AMWD, AMN, APOG, ADM, AWI, ASH, ATO, AVY, AVNT, AVA, BSET, BECN, BIG, BIO, BMRN, BKH, BA, BOOT, EPAY, BRC, CACI, CPB, CE, CNC, CENX, CVX, CLF, CLX, CNA, COP, GLW, COST, CREE, CRH, CCRN, CW, XRAY, DFS, ^DJU, ^DJT, ^DJI, DTE, EXP, EMN, EMR, EOG, EPAM, EL, FDS, FICO, FAST, FDX, FISV, FLEX, FLS, FMC, FORM, FWRD, IT, GE, GNW, GILD, GS, GOOGL, EVRG, GFF, HSC, HQY, HSII, HSY, HNI, HON, HOV, HUBG, HURC, IDA, ITW, INCY, IBP, IIIN, IPAR, IPG, ISRG, IVC, KALU, KBH, KMT, KMB, LZB, LH, LAMR, LANC, LAWS, LNC, LOW, LXU, MHO, MLM, MA, MTRN, MTRX, MDCA, MGEE, MLHR, MS, MYGN, NFG, CNR, NCR, NTAP, NJR, NI, OGE, OLN, OMC, OXM, PKE, PAYX, PCG, PICO, PLXS, PINC, PRU, PHM, QCOM, RL, RMBS, RJF, RGS, RGA, REV, ROST, SAIA, SEE, SRE, LUV, SCS, SUM, TPX, TDC, TER, TKR, RIG, TZOO, TG, UPS, UNM, VFC, VMC, WSO, WERN, WLK, WMB, WWW, XLNX, ITA, IYM, IAI, IYK, ITB, IDU, DDM, FXI, BOTZ, IAT, IYZ, IYF, EWO, EWC, ECH, EWG, EWH, EIS, EWJ, EPP, EWS, EWP, EWD, EWU, PPA, DBA, PJP, ROBO, MXI, XLP, XLF, XHB, XLI, XLB, SMH. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 7/16/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 126 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ACIW, AEIS, AMD, AES, ALRM, ALKS, ALL, AEO, AFG, ANIK, AIZ, ADP, AXS, BIIB, BOOT, CACI, CDNS, CAL, CPB, CE, CNC, CNP, CRL, CLNE, CLX, CNA, CMTL, CAG, CLR, CREE, CRH, CROX, CTS, CW, DHR, DVN, EMR, EOG, EPAM, FB, FEYE, FISV, FLEX, FORM, GE, GIS, GNW, GOOGL, GPRO, GES, HLIT, HE, HQY, HON, DHI, HOV, IDXX, IIIN, INTC, KBAL, KMB, KLIC, LOW, MTSI, MLM, MDCA, MU, MYGN, NFG, NTAP, NEU, OUT, OXM, PCG, PGR, PHM, QCOM, RL, RGA, RLI, SAIC, SMG, SHW, SR, TPX, TSCO, RIG, VFC, VMC, WRB, WWW, XLNX, IHI, IHE, FXI, BOTZ, IYH, IGV, SOXX, EWA, EWK, ECH, EWQ, EIS, EWI, EWY, EWP, EWU, PPA, PJP, XLP, XLV, UNG, SMH. Clink this link for details (pattern type, start and end dates).

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

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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.

There were 18 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 574 stocks searched, or 3.1%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

Excluding ETFs, there were 10 bullish chart patterns this week and 5 bearish ones with any remaining (3) being undecided. The ratio of bullish to bearish patterns suggests the market is hinting of a coming bullish (up) turn.

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 7/15/21. 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.

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

In light blue, at B, I show an awful looking symmetrical triangle. I say it's awful because of the way I drew the top trendline. The line doesn't touch enough points to make me comfortable. Symmetricals breakout upward 60% of the time when price reaches 74% of the way to the triangle's apex. This one appears to have broken both of those by breaking out downward after having traveled more than 74% of the way to the apex. Maybe getting too close to the apex without breaking out is a warning of an adverse breakout.

At A is a falling wedge. Those chart patterns breakout upward 68% of the time. An upward breakout would align with the above probabilities of Thursday's Nasdaq closing higher. So that's how I'd place my bets.

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Here's a symbol list of 102 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACIW, AMD, ALL, AEE, ANIK, ANTM, AAPL, AMAT, AIZ, ATO, BA, BOOT, BMY, CPB, CNC, CRL, CSCO, CL, CMTL, CLR, CREE, CROX, CTS, CW, DVN, BOOM, EMN, EMR, EOG, EL, FB, FTNT, GIS, HLIT, HOV, JBHT, IDXX, NSP, INTC, NVTA, KBAL, KMB, KLIC, LRCX, RAMP, LOW, MTSI, MTRX, MDC, MDCA, MOS, NBR, NTAP, NOC, OXY, OGE, OUT, OXM, PNW, RGS, RES, SMTC, SO, SSYS, SRDX, TPX, TMO, RIG, V, VMC, WU, XLNX, ITA, IHE, DDM, FXI, IYH, IGV, SOXX, EWO, EWZ, EWC, EWW, EPP, EWP, PPA, DBA, PBE, XLP, GLD, XLV, XAR, UNG, SMH. Clink this link for details (pattern type, start and end dates).

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

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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

Wednesday 7/14/21. 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.

This chart shows the CPI turning bearish. That's what the vertical red line on the far right of the chart means. It has a bottom of 11.1, which is close to its lowest value (0).

Don't panic. The bearish signal can disappear for up to a week. Usually it's stable after 3 days (price bars). If the market were to soar, I'm sure the signal would evaporate.

As you look over the chart, notice that when the signal flips, it takes more than 2 price bars. Often it's a week, minimum, for a switch from bull to bear or the reverse. So there's evidence that this is just noise.

Let's see what the next chart says.

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 lines dropped more than they did a week ago, so that's bearish. It suggests there's weakness in the markets. Notice how the lines peaked in mid March and are much lower now.

Now look at the index. It's climbed over the same period. That's bearish divergence and it's not a good sign. But close readers of this blog will know I've been complaining about that for months now. The index ignores me and continues to rise.

So both charts are bearish. The market is getting tired, but it might not be ready to give up and make a sustained drop.

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I released a new pattern which I call 3-peaks and spike. The bearish pattern ranks 9th out of 38 for performance where 1 is best.

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Here's a symbol list of 89 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AMD, ALL, AEE, ANIK, ANTM, AIZ, ADP, BSET, BERY, EPAY, BG, CPB, CF, CMTL, CSOD, COST, DTE, BOOM, EMN, FFIV, FDP, GFF, HBI, HD, DHI, HURC, INOV, NSP, JKHY, KELYA, KMB, LHX, LAMR, LDOS, RAMP, LOW, MHO, M, MRTN, MAS, MTRX, MDCA, MCO, MOS, NFLX, NOC, OGE, ORI, OLN, OMI, OXM, PFE, PNW, PPG, PINC, PHM, RHI, ROG, SEIC, SMTC, SNPS, TPX, RIG, UGI, VRSN, WERN, WU, WLK, XLNX, ZBRA, BOTZ, IGV, EEM, EWH, EWW, PBE, PJP, PHO, ROBO, IXN, XAR, XLK. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 7/13/21. Slider Trading Quiz!

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I show another slider trading quiz featuring Alaska Air: ALK 1.

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Here's a symbol list of 79 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADBE, AYX, AEE, APH, APOG, ADSK, BCPC, BMRN, BMY, BBW, BLDR, CIEN, CSCO, CLNE, COST, DUK, EPAM, FFIV, FB, FAST, GME, GIS, EVRG, INCY, INFN, TILE, IVC, JKHY, KMB, LHX, RAMP, MANH, MDCA, MLHR, MCO, NJR, NWPX, OMCL, OTEX, OUT, PETS, PFE, RGS, RNG, ROK, SO, SNPS, TECH, TDOC, VRSN, IYC, DDM, BOTZ, IYH, IGV, EWG, EIS, EWI, EWY, EWD, EWL, TUR, QLD, DBA, PJP, QQQ, XLV, XLU, MGK. Clink this link for details (pattern type, start and end dates).

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

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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

Monday 7/12/21. 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 utilities on the daily scale.

As the chart shows, the utilities are following a channel lower (two red lines). In fact, the index just touched the bottom of the channel wall and bounced upward.

It looks as if the top red line should be lowered to better hug price. I show that as a yellow line. That line suggests the index is going to bounce off it and head lower.

What I think we'll see is the index drop for a few days and then try for the top red line. That's what happened before the June peak (the move from A to B, shown as a blue line). Maybe history will repeat itself.

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 4 days.

Here's a symbol list of 84 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AJRD, APD, ATSG, ALB, AIG, APH, ANTM, APOG, ACGL, AIZ, AXS, BBY, BA, BLDR, CHKP, CHS, CIEN, CINF, CSCO, CLF, CNA, CNO, CMTL, ED, CLR, CCK, XRAY, DDS, ^DJT, DUK, EQT, RE, EVH, FFIV, FICO, FOE, FLEX, FLS, HIG, HON, IEX, ITW, INCY, KMB, RAMP, L, LOW, MLM, MDT, JWN, NUS, ORI, PKG, PKE, PAYX, PICO, PINC, PGR, PRU, KWR, RGA, REV, RCKY, ROST, SMG, STMP, TOL, VMC, WSM, IYC, IYH, IHF, IYZ, THD, SSO, XLV, XLI, VHT. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 7/9/21. 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: AXDX, AEIS, AJRD, ATSG, ALKS, ADS, AYX, AMZN, AMED, AEP, AIG, APOG, AGO, AXS, BBY, BKNG, BRC, BLDR, CALM, CAL, CNP, CNA, CNO, CTSH, CONN, CSOD, COTY, CRH, CCK, CSGS, DVN, DTE, DUK, EXP, EQT, FFIV, FICO, FOE, FLEX, FORM, FCX, FDP, GPS, GE, GNW, GL, HQY, HSII, INCY, INTC, IPG, NVTA, KBH, KMT, KMB, KLAC, KSS, KLIC, LZB, LAWS, RAMP, MHO, MCHX, MTRN, MTRX, MDC, MU, MLHR, MOS, NEU, JWN, NWPX, NUS, OXY, ORI, PKE, PETS, PCG, PLXS, PRU, PHM, RGA, REV, RCKY, RES, SAIA, CRM, SCHW, SMG, SEIC, STMP, SRDX, TPR, TEVA, TOL, TG, UNM, VLO, WWW, ITA, IYM, IAI, IYK, FXI, BOTZ, IYF, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWG, EWH, EIS, EWI, EWJ, EWM, EWW, EPP, EWS, EZA, EWY, EWP, THD, EWU, PPA, PBE, IEV, XLF, GLD. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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.

There were 9 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 574 stocks searched, or 1.6%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

Excluding ETFs, there were 6 bullish chart patterns this week and 1 bearish ones with any remaining (2) being undecided. The ratio of bullish to bearish patterns suggests the market is bullish.

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 7/8/21. Ethereum Cryptocurrency

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I show a chart of the cryptocurrency called Ethereum.

I don't trade cryptocurrency but let's look at the chart to see what it says.

A small double bottom appears at AB which confirms as valid when the currency closes above the horizontal red line. It throws back to the breakout price at C.

Double bottoms are bullish. They predict a rise in price which is what you see happen after the throwback completes.

The two converging blue lines highlight the outline of a four-touch symmetrical triangle. I like to see five touches, but that's not what happened. Still, the pattern is useful. I know from a study of triangles in stocks that price will often turn when it reaches the date of the apex. The apex is where the two blue lines join.

When that will happen is unknown from this chart. I'd have to extend the right vertical axis to see where on the calendar the two blue lines will join. The date of that joining may see the currency turn down (the duration of the drop is unknown).

I also know that the apex of a triangle is a resistance area. That resistance is at about $2,544. So if the cryptocurrency rises to about 2500 to 2550, I would expect to see it hit resistance and drop.

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Here's a symbol list of 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AXDX, APD, ALKS, AYX, ANIK, ANTM, AON, APOG, ARCB, AVY, BCPC, BKNG, BAH, BLDR, CPB, CLS, CHKP, CINF, ED, CONN, COP, CSOD, COTY, CREE, CMI, DOV, DRQ, EIX, EOG, RE, FFIV, FDS, FICO, FOE, FLS, FDP, GD, GL, GGG, THG, HSC, HSII, HELE, HOLX, HD, HON, HOV, ITW, INCY, INTC, INTU, NVTA, JKHY, LB, LANC, LAWS, LDOS, LEN, RAMP, LMT, LOW, M, MTRN, MTRX, MU, MLHR, MOS, NJR, NI, OMCL, OUT, PKE, PETS, PCG, PICO, PNW, PPG, PRU, KWR, QCOM, RGS, RCKY, RES, CRM, SCHW, SHW, STMP, SXI, TPR, TFX, TPX, RIG, TRV, TG, UNM, WRB, WSO, WERN, WMB, WSM, WWW, XLNX, IYK, IDU, BOTZ, IYZ, EWA, EWZ, EEM, EWG, EWW, EPP, EZA, EWL, THD, PHO, ILF, XLY, XLP, XLF, XHB, XLI, XAR, XLU. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 7/7/21. 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 red bar is baaack! The CPI chart shows it as a bearish signal. It appeared today, despite what looks like Friday on the chart. That's because signals can change for up to a week.

Today's move was large enough to cause NR7s sitting on the sidelines to flip bearish, and they flipped enough of those from Friday's action to cause a bearish breakout in those as well. Hence the bearish signal.

Notice how the thin blue line near the bottom of the chart swung down after the green bar in late June. The market has been losing upward momentum for the last two weeks...

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).

As the chart shows, both lines took a big dip today, but when compared to a week ago, the damage is far less severe (but still worse today).

Look at the slope of the two lines. They are heading lower and have been since peaking in March. Market support is weakening and that's not good.

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Here's a symbol list of 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, AYI, APD, AIG, APH, ANIK, AAPL, BCPC, BSET, BAX, BERY, BLDR, CAL, CLS, CHKP, CGNX, CL, CONN, COP, CRH, DHR, DECK, DRQ, EXP, EBAY, EOG, EL, EXPD, FICO, FOE, FDP, IT, GD, GNW, GL, HSC, HSII, HELE, HOLX, HD, IBP, IIIN, INTC, JKHY, LB, LH, L, MHO, M, MAS, MTRN, MDC, MDT, NFG, NOV, NCR, NFLX, NXGN, OGE, PKE, PYPL, PRFT, PETS, PLXS, PPL, PRU, QCOM, RGS, REV, RLI, RCKY, RES, SAIA, SCHW, SAIC, SMG, SEE, SEIC, SIGI, SCCO, TPX, TSCO, RIG, TZOO, TG, UGI, VRTX, WAT, WU, WEX, WMB, WWW, IYM, IEO, FXI, IYZ, SLV, IYF, EWA, EWZ, EEM, EWG, EWI, EWJ, EWW, EWP, EWU, PPA, IEV, ILF, MXI, XLY, XLF. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 7/6/21. Slider Trading Quiz! Alaska Air (2)

$ $ $

I show another slider trading quiz featuring Alaska Air: ALK 2.

$ $ $

Here's a symbol list of 48 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ALB, AA, ALL, ANIK, AON, AMAT, ARCB, ACGL, BBBY, BBY, COG, CAL, CX, CENX, GLW, CREE, CCRN, EQT, RE, FLEX, FCX, GS, HSII, HP, KMT, KFRC, KSS, LRCX, LNC, M, MAN, MRO, MDCA, MU, NEU, JWN, PFG, SMTC, SCCO, SWN, SCS, TDC, TSCO, VMI, VRTX, IAI, DDM, IAT. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 7/5/21. Feeding ThePatternSite.

Today (Monday) is a trading holiday in the US.

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

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

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

Thanks! -- Tom Bulkowski

Friday 7/2/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 160 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ADBE, AEIS, AFL, ALB, AA, ALL, AMGN, AMN, ANIK, AON, AMAT, ARCB, ACGL, AGO, AVY, AVNT, BCPC, BLL, BSET, BBBY, BBY, BBW, BG, CBT, COG, CAL, CPB, CE, CX, CENX, CRL, CHD, CTSH, CMCO, GLW, CREE, CCRN, CTS, DHR, DECK, D, DTE, EMN, EBAY, EMR, EQT, RE, FB, FLEX, FCX, FDP, GE, GILD, GS, GPRO, GES, HSC, HSII, HELE, HP, HNI, HON, IEX, IDXX, INOV, IIIN, TILE, IPG, ISRG, IVC, KMT, KFRC, KBAL, KSS, KLIC, LB, LRCX, LLY, LNC, MTSI, M, MAN, MRO, MCHX, MRTN, MTRN, MDCA, MU, ^IXIC, NTGR, NEU, NKE, JWN, PKE, PAYX, PRFT, PPG, PFG, KWR, REV, RNG, ROK, SMTC, NOW, SCCO, SWN, SCS, SSYS, TDC, TSCO, RIG, TZOO, SLCA, VMI, VRTX, WDAY, IAI, IYK, IYC, IHI, IHE, DDM, FXI, BOTZ, IYH, IHF, IAT, SOXX, IGE, EWK, EWZ, EEM, EWJ, EWM, THD, PJP, ILF, SSO, XLI, SPY, USO, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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.

There were 22 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 574 stocks searched, or 3.8%. Based on the percentage, the stock market is trending since few consolidation patterns appear.

I found 10 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move (I see many of them just before a bear market ends or during a bear market rally. Often it means the first bottom of a double bottom has formed. Thus, expect a move down to the second bottom).

Excluding ETFs, there were 21 bullish chart patterns this week and 4 bearish ones with any remaining (7) being undecided. The ratio of bullish to bearish patterns suggests the market is bullish.

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 7/1/21. 2021 Market Forecast Update

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

Here's the updated 2021 forecast for July, presented in slider format.

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

The folks at two firms polled by Fidelity weigh the sectors in this order.

The only change in the above list was real estate moved up a notch.

Here's how they rank the industries, but only the top 10 appear. Year to date returns, as of 6/29. The numbering is how they ranked a month ago.

$ $ $

Here's a symbol list of 185 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AXDX, ACIW, ADBE, ADTN, AEIS, AMD, AJRD, AKAM, ALRM, ALB, AA, ALL, AMED, ANIK, AON, APOG, AMAT, ARCB, ACGL, ADM, ASH, AVNT, BAX, BBBY, BBY, BIIB, BOOT, BAH, BMY, CBT, COG, CAL, CPB, CX, CENX, CTXS, CMCO, COP, CSOD, GLW, CR, CREE, CRH, CROX, CCRN, DECK, ^DJI, D, EMN, EBAY, EQT, RE, EVH, FICO, FIS, FE, FISV, FIVN, FLEX, FLS, FMC, FCX, GIS, GS, GPRO, HSII, HP, HON, IDA, IPAR, JAZZ, KMT, KFRC, KBAL, KSS, LB, LRCX, LNC, L, MTSI, M, MAN, MRO, MCHX, MTRN, MDCA, MU, MS, MLI, CNR, NTAP, NEU, JWN, NUS, PKE, PLXS, PFG, KWR, QCOM, RNG, ROK, ^GSPC, SEIC, SIGI, SRE, SMTC, NOW, SCCO, SWN, SCS, SUM, TDC, TKR, TJX, TSCO, VMI, VEEV, VRTX, VMC, WMT, WDAY, XEL, XLNX, IAI, IEO, IDU, DDM, FDN, FXL, FXI, ICF, IAT, IGV, SOXX, IGE, EWA, EWO, EWK, EWQ, EWG, EIS, EWI, EWJ, EWM, EWW, EPP, EWP, EWL, EWT, PPA, DBA, PEJ, IEV, SSO, MXI, XRT, SPY, SMH. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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