Bulkowski's Blog: ThePatternSite.com
As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024
As of 11/22/2024
  Indus: 44,297 +426.16 +1.0%  
  Trans: 17,367 +194.86 +1.1%  
  Utils: 1,067 -8.74 -0.8%  
  Nasdaq: 19,004 +31.23 +0.2%  
  S&P 500: 5,969 +20.63 +0.3%  
YTD
 +17.5%  
 +9.2%  
 +21.0%  
 +26.6%  
 +25.1%  
  Targets    Overview: 11/12/2024  
  Up arrow46,000 or 43,000 by 12/01/2024
  Up arrow18,000 or 16,600 by 12/01/2024
  Up arrow1,200 or 1,000 by 12/01/2024
  Up arrow20,000 or 18,400 by 12/01/2024
  Up arrow6,100 or 5,800 by 12/01/2024

 

July 2022 Headlines

Archives


Friday 7/29/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 117 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AJRD, AES, APD, AEE, AIG, AMN, ANIK, AON, ACGL, ARW, ASH, BCPC, BERY, BIO, BKH, BAH, BBW, CACI, CPB, CNC, CHS, CIEN, CLNE, CNA, CL, ED, GLW, CCRN, CSGS, ^DJU, D, DTE, DUK, EIX, WIRE, RE, EVH, EXC, EZPW, FLS, FWRD, GE, GILD, EVRG, HIG, HON, IDA, IEX, IDXX, ILMN, IBP, IVC, JAZZ, K, LXU, MTSI, MCHX, META, MCO, NTGR, NWL, NEE, OGE, ASGN, POR, PINC, PEG, RMBS, RLI, SAIA, SLB, SAIC, SO, SWX, SWN, SR, SXI, SUM, SRDX, TECH, TDOC, TPX, TMO, TKR, TRV, TZOO, VRTX, VC, WRB, WAT, XEL, ITB, IDU, ICF, EWK, EWM, DBA, PJP, PHO, XLP, GLD, XLB, XLU. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ACIWUgly double bottom      06/16/202207/05/2022IT Services
APDPipe bottom      07/11/202207/18/2022Chemical (Diversified)
AAPipe bottom      07/05/202207/11/2022Aerospace/Defense
ALKSPipe top      07/05/202207/11/2022Drug
AEPDouble Bottom, Adam and Adam      07/14/202207/21/2022Electric Utility (Central)
AMWDUgly double bottom      06/22/202206/30/2022Building Materials
AONUgly double bottom      06/16/202207/14/2022Insurance (Diversified)
ATRHead-and-shoulders bottom      05/20/202207/18/2022Packaging and Container
ADMFalling wedge      06/23/202207/14/2022Food Processing
AIZHead-and-shoulders bottom      06/16/202206/30/2022Insurance (Diversified)
ATOUgly double bottom      06/17/202207/05/2022Natural Gas (Diversified)
AVYHead-and-shoulders bottom      05/24/202207/14/2022Packaging and Container
AVAPipe top      06/27/202207/05/2022Electric Utility (West)
BCPCUgly double bottom      06/21/202207/14/2022Chemical (Specialty)
BALLPipe bottom      06/13/202206/21/2022Packaging and Container
BIOPipe bottom      07/11/202207/18/2022Medical Supplies
BKHUgly double bottom      06/17/202207/21/2022Electric Utility (West)
BRCDouble Bottom, Eve and Eve      06/17/202207/12/2022Chemical (Diversified)
BGPipe bottom      07/05/202207/11/2022Food Processing
CDNSUgly double bottom      05/12/202206/16/2022Computer Software and Svcs
CXUgly double bottom      06/17/202207/05/2022Cement and Aggregates
CNPUgly double bottom      06/17/202207/14/2022Electric Utility (Central)
CFTriple bottom      06/23/202207/14/2022Chemical (Basic)
CSCODouble Bottom, Adam and Adam      07/05/202207/14/2022Computers and Peripherals
CLNEPipe bottom      06/27/202207/05/2022Natural Gas (Distributor)
COPPipe bottom      07/05/202207/11/2022Petroleum (Integrated)
DECKDouble Bottom, Adam and Adam      06/16/202207/05/2022Shoe
DVNDouble Bottom, Adam and Adam      07/06/202207/14/2022Natural Gas (Diversified)
^DJTUgly double bottom      07/14/202207/27/2022None
EMRDouble Bottom, Adam and Adam      06/23/202207/14/2022Computers and Peripherals
EPAMUgly double bottom      06/16/202206/30/2022IT Services
EFXThree Rising Valleys      06/16/202207/13/2022Information Services
ELTriangle, symmetrical      06/08/202207/22/2022Toiletries/Cosmetics
FDSUgly double bottom      06/17/202207/14/2022Information Services
FISTriple bottom      06/16/202207/14/2022Computer Software and Svcs
FIVNUgly double bottom      06/16/202207/13/2022Computer Software and Svcs
FDPDouble Top, Adam and Adam      07/07/202207/18/2022Food Processing
FRDPipe bottom      07/05/202207/11/2022Building Materials
GPNTriple bottom      06/16/202207/13/2022Computer Software and Svcs
GGGDouble Bottom, Adam and Adam      06/16/202207/14/2022Machinery
GFFDouble Bottom, Eve and Eve      06/22/202207/08/2022Building Materials
HPHead-and-shoulders bottom      07/06/202207/21/2022Petroleum (Producing)
HSICDouble Bottom, Adam and Adam      07/05/202207/14/2022Medical Supplies
HOLXDiamond top      06/23/202207/28/2022Medical Supplies
HUBGTriple bottom      06/21/202207/14/2022Trucking/Transp. Leasing
HURCDouble Bottom, Adam and Eve      06/16/202207/08/2022Machinery
IDAUgly double bottom      06/14/202207/05/2022Electric Utility (West)
IEXHead-and-shoulders bottom      05/19/202207/14/2022Machinery
NSPUgly double bottom      06/16/202207/19/2022Human Resources
ITGRPipe bottom      07/11/202207/18/2022Electronics
IPARHead-and-shoulders bottom      05/24/202207/11/2022Toiletries/Cosmetics
INTUTriangle, symmetrical      05/04/202207/19/2022Computer Software and Svcs
NVTAHorn top      06/21/202207/05/2022Medical Services
KLACPipe bottom      06/27/202207/05/2022Semiconductor Cap Equip.
LHHead-and-shoulders complex bottom      04/28/202207/14/2022Medical Services
LANCUgly double bottom      06/10/202207/11/2022Food Processing
LDOSUgly double bottom      06/17/202207/14/2022IT Services
LXUTriangle, symmetrical      07/06/202207/25/2022Building Materials
MASPipe bottom      06/13/202206/21/2022Building Materials
MAThree Rising Valleys      06/17/202207/13/2022Financial Services
MDTDouble Bottom, Adam and Adam      06/16/202207/14/2022Medical Supplies
MRKDouble Top, Adam and Adam      06/27/202207/15/2022Drug
MLKNDouble Bottom, Adam and Eve      06/16/202207/05/2022Furn/Home Furnishings
^IXICThree Rising Valleys      06/16/202207/14/2022None
NEEThree Rising Valleys      05/12/202207/15/2022Electric Utility (East)
OGEUgly double bottom      06/17/202207/08/2022Electric Utility (Central)
OTEXTriple bottom      06/16/202207/14/2022E-Commerce
PTENPipe bottom      07/05/202207/11/2022Oilfield Svcs/Equipment
PAYXTriple bottom      06/17/202207/14/2022IT Services
PLXSDouble Bottom, Adam and Adam      06/16/202207/05/2022Electronics
PPGUgly double bottom      06/17/202207/14/2022Chemical (Diversified)
PGHead-and-shoulders bottom      05/20/202207/21/2022Household Products
PEGDouble Bottom, Adam and Eve      06/17/202207/21/2022Electric Utility (East)
KWRDouble Bottom, Eve and Adam      06/16/202207/14/2022Chemical (Specialty)
ROKTriple bottom      05/19/202207/13/2022Diversified Co.
RESPipe bottom      07/05/202207/11/2022Oilfield Svcs/Equipment
SLBHead-and-shoulders bottom      07/06/202207/21/2022Oilfield Svcs/Equipment
SCHWDouble Bottom, Eve and Adam      06/13/202207/14/2022Securities Brokerage
SREUgly double bottom      06/17/202207/13/2022Electric Utility (West)
SOUgly double bottom      06/17/202207/05/2022Electric Utility (East)
SRDouble Bottom, Adam and Adam      07/14/202207/21/2022Natural Gas (Distributor)
SCSDouble Bottom, Adam and Adam      07/05/202207/14/2022Furn/Home Furnishings
SSYSPipe bottom      07/05/202207/11/2022Electronics
SNPSUgly double bottom      05/12/202206/16/2022Computer Software and Svcs
TECHPipe bottom      07/11/202207/18/2022Biotechnology
TDOCDead-cat bounce      07/28/202207/28/2022Healthcare Information
TERPipe bottom      06/27/202207/05/2022Semiconductor Cap Equip.
TMOPipe bottom      07/11/202207/18/2022Precision Instrument
TGHead-and-shoulders bottom      06/22/202207/22/2022Chemical (Specialty)
TREXPipe bottom      06/13/202206/21/2022Building Materials
SLCADouble Bottom, Adam and Adam      07/06/202207/14/2022Metals and Mining (Div.)
UGIDouble Bottom, Adam and Adam      06/17/202207/05/2022Natural Gas (Distributor)
WATPipe bottom      07/11/202207/18/2022Precision Instrument
WERNDouble Bottom, Adam and Eve      05/19/202206/17/2022Trucking/Transp. Leasing

 

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Thursday 7/28/22. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 4.1% or 469.85 points. Since 02/05/1971 the Nasdaq made 3 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 2.6% on 2 occasions.
     Average loss was -1.6% on 1 occasions.
Expect the Nasdaq to close higher 66.7% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 242/427 or 56.7% of the time.
     The prediction of the Nasdaq closing lower has been right 64/135 or 47.4% of the time.

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

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

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

The chart shows a pattern called a measured move up. That's the ABCD climb.

What I like about the measured move is that there's a good chance (57%) price returns to the corrective phase (BC) or below. So I expect the index to drop to B and perhaps lower tomorrow.

$ $ $

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: ANF, AXDX, APD, ALK, AMN, APH, ANIK, AON, ASH, AIZ, ADP, AVY, AXS, BALL, BSET, BIO, BKNG, BAH, CBT, CNP, CHS, CSCO, CL, CMCO, CAG, CSGS, ^DJU, DTE, EL, XOM, EZPW, GILD, HLIT, HSC, HIG, HAYN, HON, IDXX, IPI, LXU, MTSI, MANH, MCHX, MDT, META, MSFT, MLKN, MOS, MYGN, NTGR, ORI, PYPL, PCG, PLXS, DGX, RNG, RHI, ROK, RES, CRM, SHW, SCCO, LUV, SR, SRDX, TPR, TECH, TEVA, TXN, TMO, TRV, TZOO, UGI, VEEV, WAT, WDAY, ZBRA, FTEC, FDN, QTEC, QQQ, ICF, IGV, IHI, EWA, EWQ, EIS, EWJ, EWM, EPP, EWP, EWD, EWT, THD, EWU, QLD, PBE, PEJ, PHO, IXN, MXI, XLP, XLK, USO, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  10,415.47    
 Weekly S2  11,045.91  630.44   
 Monthly S1  11,223.95  178.03   
 Weekly S1  11,539.17  315.22   
 Daily S2  11,580.83  41.66   
 Monthly Pivot  11,658.48  77.66   
 Low  11,718.38  59.90   
 Open  11,756.19  37.81   
 Daily S1  11,806.62  50.43   
 Weekly Pivot  11,816.09  9.47   Yes! The Weekly Pivot is close to the Daily S1.
 61.8% Down from Intraday High  11,857.18  41.09   
 50% Down from Intraday High  11,900.05  42.88   
 38.2% Down from Intraday High  11,942.93  42.88   
 Daily Pivot  11,944.18  1.25   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  12,032.42  88.24   
 High  12,081.73  49.31   
 Daily R1  12,169.97  88.24   
 Daily R2  12,307.53  137.55   
 Weekly R1  12,309.35  1.82   Yes! The Weekly R1 is close to the Daily R2.
 Monthly R1  12,466.96  157.61   
 Weekly R2  12,586.27  119.32   
 Monthly R2  12,901.49  315.22   

Wednesday 7/27/22. A Look At Indicators

Picture of the chart pattern indicator

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

Two weeks ago, the indicator turned bullish and it has remained bullish since.

Today's (Tuesday) drop has pulled the indicator down, but it's still in the bullish range. You can see the dip near the bottom of the chart in the thin blue indicator line.

Picture of the percent down indicators

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

Shown as a red line on the above chart...
On Tuesday, 64% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 65%.
The fewest was 19% on 07/29/2021.
And the most was 79% on 06/17/2022.
Shown as a blue line on the above chart...
The 453 stocks in my database are down an average of 28% from their yearly high.
A week ago, the average was 28%.
The peak was 12% on 08/11/2021.
And the bottom was 33% on 06/16/2022.

Only the red line improved this week compared to a week ago. The blue line has remained steady.

Notice that the two bottoms, AB, where the low at B is above A. You can think of this pattern as a ugly double bottom. I think it's a sign of strength.

The two charts this week are bullish. Both charts show weakness today (the CPI chart) or within the last few days (this chart, red line shows a drop). So that suggests a retrace in an upward price trend. When the FED reports, I expect the markets to react, perhaps upward unless the FED raises rates a full point.

$ $ $

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: MMM, ACIW, APD, ATSG, AYX, AMWD, AMN, ADM, ADSK, ADP, AVA, AXS, BMI, BERY, BIG, BIO, BOOT, CACI, CDNS, CLS, CTSH, GLW, CSGS, DECK, DSGR, EBAY, EIX, WIRE, FFIV, FICO, FIS, GE, GILD, HIG, HSII, HELE, IEX, IDXX, IBP, NVTA, JAZZ, LHX, LOW, LXU, MHO, MNDT, MANH, MCHX, MU, NWL, NXGN, OUT, PETS, POR, PPL, RNG, SLB, SAIC, SEE, SCCO, SXI, TECH, TXN, TMO, TSCO, TG, WAT, WSO, XEL, ZBRA, FDN, FXI, BOTZ, ICF, EWK, ECH, EEM, EIS, PHO, USO. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

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Tuesday 7/26/22. Slider Trading Quiz!

The Dow climbed by 0.3% or 90.75 points. Since 10/01/1928 the Dow made 1132 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 624 occasions.
     Average loss was -0.6% on 508 occasions.
Expect the Dow to close higher 55.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 249/444 or 56.1% of the time.
     The prediction of the Dow closing lower has been right 47/98 or 48.0% of the time.

$ $ $

I show another slider trading quiz featuring Steelcase: SCS, stock, Andrew's pitchfork.

$ $ $

Here's a symbol list of 113 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADBE, AEIS, ALRM, ALB, ALKS, AMZN, APA, AAPL, ADSK, ADP, AZTA, BBY, BIG, BA, BOOT, BFH, BBW, BLDR, BG, CBT, CACI, CALM, CAL, CHKP, CTSH, CMCO, CMTL, CAG, COP, CLR, CSGS, CW, XRAY, DVN, DFS, BOOM, EBAY, WIRE, XOM, FAST, FIS, FISV, FWRD, FRD, GME, GILD, HBI, HAYN, HTLD, HL, HELE, HOV, IBP, NVTA, KFRC, LANC, L, LOW, LXU, MHO, M, MRO, MCHX, META, MU, MLKN, MOS, MUR, MYGN, NCR, NWL, NWPX, OMCL, PDCO, PTEN, POR, RGS, RGA, ROG, RES, SAIC, NOW, SWN, SSYS, SUM, TXN, SLCA, UPS, UNM, VRSN, WDAY, IYE, IEZ, ICF, IGE, IEO, EWO, EWZ, ECH, EWH, EWM, PXJ, IXC, ILF, XLE, XRT, USO. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Top

© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  29,283.43    
 Weekly S2  30,494.47  1,211.04   
 Monthly S1  30,636.74  142.26   
 Weekly S1  31,242.26  605.52   
 Monthly Pivot  31,427.99  185.74   
 Weekly Pivot  31,730.75  302.76   
 Daily S2  31,739.55  8.80   Yes! The Daily S2 is close to the Weekly Pivot.
 Low  31,821.67  82.12   
 Daily S1  31,864.80  43.13   
 61.8% Down from Intraday High  31,900.88  36.08   
 50% Down from Intraday High  31,925.35  24.47   
 Daily Pivot  31,946.91  21.56   
 38.2% Down from Intraday High  31,949.82  2.90   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Open  31,950.93  1.11   Yes! The Open is close to the 38.2% Down from Intraday High.
 Close  31,990.04  39.11   
 High  32,029.03  38.99   
 Daily R1  32,072.16  43.13   
 Daily R2  32,154.27  82.12   
 Weekly R1  32,478.54  324.26   
 Monthly R1  32,781.30  302.76   
 Weekly R2  32,967.04  185.74   
 Monthly R2  33,572.55  605.52   

Monday 7/25/22. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

This chart is a study of failed chart patterns.

Let's start with triple bottom ABC. It confirms as a valid chart pattern when the index closes above red line D. But look at how far the index rises. It's not far enough to meet the measure rule target, which is the height of the triple bottom (from C to D added to D).

Double bottom EF confirms at G, but it has the same problem. The rise above G isn't what was expected. That knot to the right of G is a diamond top, by the way (I don't highlight it).

We see a three rising valleys at 123. It confirmed at 4, when the index closed above the top of the chart pattern. Will the index rise far enough to reach its target? I'm hoping the answer is yes, but we won't know until it gets there.

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A Brief Look Back

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

Monday: Down 215.65 points.
Tuesday: Up 754.44 points.
Wednesday: Up 47.79 points.
Thursday: Up 162.06 points.
Friday: Down 137.61 points.

For the Week...

The Dow industrials were up 611.03 points or 2.0%.
The Nasdaq composite was up 381.69 points or 3.3%.
The S&P 500 index was up 98.47 points or 2.5%.

Year to Date...

Dow Industrials
     13.7% down from the high of 36,952.65 on 01/05/2022.
     7.6% up from the low of 29,653.29 on 06/17/2022.
Nasdaq
     25.3% down from the high of 15,852.14 on 01/04/2022.
     12.0% up from the low of 10,565.14 on 06/16/2022.
S&P 500
     17.8% down from the high of 4,818.62 on 01/04/2022.
     8.9% up from the low of 3,636.87 on 06/17/2022.

Options Expiration

No options expire this week.

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Swing Traders: Pivot Points

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

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  31,462  31,681  31,950  32,169  32,438 
Weekly  30,464  31,182  31,701  32,418  32,937 
Monthly  29,253  30,576  31,398  32,721  33,542 
S&P500 (^GSPC): Daily  3,897  3,930  3,971  4,003  4,045 
Weekly  3,737  3,849  3,931  4,043  4,125 
Monthly  3,599  3,780  3,896  4,078  4,194 
Nasdaq (^IXIC): Daily  11,572  11,703  11,898  12,029  12,224 
Weekly  10,980  11,407  11,750  12,177  12,520 
Monthly  10,349  11,092  11,592  12,335  12,835 

Here are the formulas:

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

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Earnings, Chart Patterns & Industries

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

Here's a symbol list of 160 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ADBE, AEIS, ALB, ALKS, AMZN, DOX, AXP, AFG, APA, AAPL, ADSK, ADP, AVY, AZTA, BCPC, BALL, BBBY, BERY, BBY, BIIB, BA, BKNG, BAH, BRC, BFH, BBW, BLDR, BG, CACI, CALM, CAL, CLS, CX, CHS, CLNE, CMTL, CAG, COP, CLR, XRAY, DVN, DRQ, BOOM, WIRE, EOG, XOM, FAST, FE, FWRD, FCX, FRD, GME, GILD, HSC, HAYN, HL, HP, HSIC, HOLX, HOV, IPI, IVC, NVTA, JKHY, KFRC, KBAL, LH, LNC, L, LOW, M, MRO, MCHX, MTRN, MLKN, MOS, MLI, MUR, MYGN, NFG, CNR, NWL, NEE, NKE, NWPX, OXY, OMCL, OTEX, PKE, PATK, PDCO, PTEN, PPG, PFG, DGX, RGS, RLI, RES, SCHW, NOW, SCCO, LUV, SWN, SSYS, TXN, TXT, TZOO, SLCA, UPS, VRSN, WWW, ITA, IYE, FXL, ICF, IGE, IEO, EWA, EWO, EWK, EWC, ECH, EWM, IBB, PPA, DBA, PBE, PEJ, PXJ, PJP, ROBO, IXC, XLE, XAR, UNG, USO. Clink this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Natural Gas (Diversified)2. Short ETFs
3. Petroleum (Integrated)3. Natural Gas (Diversified)
4. Natural Gas (Distributor)4. Petroleum (Integrated)
5. Short ETFs5. Natural Gas (Distributor)
6. Electric Utility (Central)6. Electric Utility (Central)
7. Insurance (Diversified)7. Food Processing
8. Oilfield Svcs/Equipment8. Electric Utility (West)
9. Electric Utility (West)9. Medical Services
10. Food Processing10. Electric Utility (East)
Best Performing AboveWorst Performing Below
50. Investment Co. (Foreign)50. Cement and Aggregates
51. Cement and Aggregates51. Apparel
52. Semiconductor52. Shoe
53. Homebuilding53. Internet
54. Semiconductor Cap Equip.54. Diversified Co.
55. Toiletries/Cosmetics55. Semiconductor
56. Diversified Co.56. E-Commerce
57. Computers and Peripherals57. Toiletries/Cosmetics
58. E-Commerce58. Semiconductor Cap Equip.
59. Retail (Special Lines)59. Computers and Peripherals
60. Internet60. Homebuilding

-- Thomas Bulkowski

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Friday 7/22/22. Pattern Trading Setups for the Weekend.

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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: ACIW, ALB, ALKS, ALL, AMZN, APA, AMAT, ARCB, AVY, AVNT, AVA, BBY, BIO, BMRN, BA, BOOT, BRC, BG, CALM, CX, CENX, CIEN, ED, CAG, CONN, COP, CLR, CRH, DHR, DVN, DSGR, ^DJU, DTE, BOOM, WIRE, EPAM, EXC, XOM, FLS, FRD, GME, GE, GILD, GPN, GL, EVRG, HSC, HAYN, HL, HELE, HP, DHI, HOV, IDXX, ITGR, IPAR, IPI, KBH, K, KMT, KLIC, LANC, LDOS, LEN, MHO, MRO, MCHX, MTRX, MDC, MGEE, MOS, MUR, MYGN, ^IXIC, NCR, NI, JWN, NWPX, NUS, NVDA, OTEX, PTEN, PG, PEG, PHM, RGS, RLI, RES, SLB, SMG, SCCO, SWX, SWN, SSYS, TER, TOL, TZOO, SLCA, UPS, VLO, WRB, XEL, ITA, IYE, IEZ, IHE, IDU, FDN, FXI, ICF, IYH, IGE, IEO, IHI, EWA, EWO, EWK, ECH, EWH, EWM, EPP, EWY, EWT, DBA, PXJ, PHO, ROBO, IEV, IXC, MXI, XLE, XAR, 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.

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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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDTriple bottom      06/14/202207/14/2022Electronics
MMMDouble Bottom, Eve and Adam      07/05/202207/14/2022Diversified Co.
ADTNDouble Bottom, Adam and Eve      06/16/202207/05/2022Telecom. Equipment
AEISUgly double bottom      07/05/202207/14/2022Semiconductor
AJRDUgly double bottom      06/21/202207/14/2022Diversified Co.
ATSGDouble Bottom, Adam and Eve      07/06/202207/13/2022Air Transport
ALRMUgly double bottom      05/12/202206/16/2022Computer Software and Svcs
ALKTriple bottom      06/16/202206/30/2022Air Transport
ALBPipe bottom      07/05/202207/11/2022Chemical (Diversified)
AMEDDouble Bottom, Adam and Eve      06/21/202207/01/2022Medical Services
AXPDouble Bottom, Adam and Adam      06/30/202207/14/2022Financial Services
APHDouble Bottom, Adam and Adam      06/17/202207/05/2022Electronics
AMATHead-and-shoulders bottom      06/17/202207/13/2022Semiconductor Cap Equip.
ARWDouble Bottom, Adam and Adam      06/16/202207/05/2022Electronics
AGOHead-and-shoulders bottom      05/12/202207/14/2022Insurance (Life)
ADSKDouble Bottom, Eve and Adam      06/16/202207/13/2022Computer Software and Svcs
AVYUgly double bottom      06/16/202207/14/2022Packaging and Container
BMIUgly double bottom      06/16/202207/14/2022Precision Instrument
BCPCScallop, ascending and inverted      06/21/202207/14/2022Chemical (Specialty)
BERYHead-and-shoulders bottom      05/12/202207/14/2022Packaging and Container
BBYPipe bottom      06/27/202207/05/2022Retail (Special Lines)
BBWPipe bottom      07/05/202207/11/2022Retail (Special Lines)
BGDouble Bottom, Adam and Adam      07/06/202207/14/2022Food Processing
CLSHead-and-shoulders bottom      06/17/202207/14/2022Electronics
CLNEHead-and-shoulders bottom      06/14/202207/15/2022Natural Gas (Distributor)
CGNXTriple bottom      06/16/202207/13/2022Precision Instrument
CMTLTriple bottom      06/16/202207/14/2022Telecom. Equipment
CONNDouble Bottom, Eve and Eve      06/17/202207/05/2022Retail (Special Lines)
COPDouble Bottom, Adam and Adam      07/06/202207/14/2022Petroleum (Integrated)
CLRPipe bottom      07/05/202207/11/2022Petroleum (Producing)
GLWHead-and-shoulders bottom      06/16/202207/14/2022Telecom. Equipment
CRHHead-and-shoulders bottom      06/23/202207/14/2022Cement and Aggregates
CROXUgly double bottom      07/01/202207/13/2022Shoe
CSGSUgly double bottom      06/16/202207/13/2022IT Services
CTSHorn bottom      06/21/202207/05/2022Electronics
CMIHead-and-shoulders bottom      06/16/202207/05/2022Machinery
CWTriple bottom      06/17/202207/14/2022Machinery
DHRTriangle, symmetrical      05/12/202207/20/2022Precision Instrument
DECKPipe bottom      06/27/202207/05/2022Shoe
DVNPipe bottom      07/05/202207/11/2022Natural Gas (Diversified)
DOVDouble Bottom, Eve and Adam      06/17/202207/14/2022Machinery
BOOMPipe bottom      07/05/202207/11/2022Metal Fabricating
EMNDouble Bottom, Adam and Adam      07/05/202207/14/2022Chemical (Diversified)
EBAYTriple bottom      06/16/202207/14/2022Internet
WIREPipe bottom      07/05/202207/11/2022Metals and Mining (Div.)
EQTHead-and-shoulders bottom      06/23/202207/12/2022Natural Gas (Diversified)
EXPDDouble Bottom, Eve and Adam      06/17/202207/14/2022Air Transport
XOMPipe bottom      07/05/202207/11/2022Petroleum (Integrated)
EZPWTriangle, descending      05/20/202207/20/2022Financial Services
FICOUgly double bottom      05/09/202206/16/2022IT Services
FISTriple bottom      06/16/202207/14/2022Computer Software and Svcs
FISVThree Rising Valleys      06/16/202207/14/2022IT Services
FLEXDouble Bottom, Adam and Adam      07/05/202207/14/2022Electronics
FWRDDouble Bottom, Eve and Adam      06/22/202207/14/2022Trucking/Transp. Leasing
ITUgly double bottom      06/16/202207/14/2022IT Services
GEDouble Bottom, Adam and Adam      07/05/202207/14/2022Diversified Co.
GLDiamond top      06/27/202207/20/2022Insurance (Life)
GSDouble Bottom, Eve and Adam      06/13/202207/14/2022Securities Brokerage
HBIRising wedge      06/16/202207/18/2022Apparel
HSCDead-cat bounce      07/15/202207/15/2022Diversified Co.
HAYNPipe bottom      07/05/202207/11/2022Building Materials
HLPipe bottom      07/05/202207/11/2022Metals and Mining (Div.)
HONDouble Bottom, Adam and Adam      07/05/202207/14/2022Aerospace/Defense
INFNUgly double bottom      06/16/202207/05/2022Telecom. Equipment
IIINUgly double bottom      06/30/202207/14/2022Building Materials
INTCHead-and-shoulders bottom      06/17/202207/14/2022Semiconductor
IPARPipe bottom      06/13/202206/21/2022Toiletries/Cosmetics
IPGDouble Bottom, Eve and Adam      06/16/202207/05/2022Advertising
ISRGUgly double bottom      06/16/202206/30/2022Medical Supplies
NVTATriangle, symmetrical      05/31/202207/18/2022Medical Services
KELYAUgly double bottom      06/17/202207/13/2022Human Resources
KBALTriple bottom      06/16/202207/14/2022Furn/Home Furnishings
KSSDouble Bottom, Adam and Adam      07/07/202207/14/2022Retail Store
LZBDouble Bottom, Adam and Eve      05/24/202206/16/2022Furn/Home Furnishings
LAMRTriangle, symmetrical      06/16/202207/14/2022Advertising
LEGDouble Bottom, Adam and Adam      06/16/202206/30/2022Furn/Home Furnishings
RAMPDouble Bottom, Eve and Eve      06/30/202207/14/2022Computer Software and Svcs
LOWDouble Bottom, Eve and Adam      06/17/202206/30/2022Retail Building Supply
MRODouble Bottom, Adam and Adam      07/06/202207/14/2022Petroleum (Integrated)
MTRNDouble Bottom, Eve and Adam      06/23/202207/05/2022Metals and Mining (Div.)
MTRXDouble Bottom, Adam and Adam      07/06/202207/14/2022Oilfield Svcs/Equipment
METATriple bottom      06/23/202207/14/2022E-Commerce
MUPipe bottom      06/27/202207/05/2022Semiconductor
MSDouble Bottom, Eve and Adam      06/23/202207/14/2022Securities Brokerage
MOSPipe bottom      07/05/202207/11/2022Chemical (Diversified)
MURPipe bottom      07/05/202207/11/2022Petroleum (Integrated)
NFGDouble Bottom, Adam and Adam      07/05/202207/14/2022Natural Gas (Diversified)
NFLXTriple bottom      05/12/202207/13/2022Internet
NTAPHead-and-shoulders bottom      06/17/202207/13/2022Computers and Peripherals
NKEDouble Bottom, Adam and Adam      07/01/202207/13/2022Shoe
NWPXPipe bottom      07/05/202207/11/2022Building Materials
NVDADouble Bottom, Adam and Adam      07/05/202207/13/2022Semiconductor
OLNUgly double bottom      07/05/202207/14/2022Chemical (Basic)
OMCTriple bottom      06/16/202207/05/2022Advertising
ASGNUgly double bottom      06/17/202207/14/2022Human Resources
OMIDouble Bottom, Adam and Adam      06/16/202207/14/2022Medical Supplies
PKEDouble Top, Eve and Eve      06/06/202207/01/2022Chemical (Specialty)
PATKThree Rising Valleys      06/22/202207/14/2022Retail Building Supply
PYPLHead-and-shoulders bottom      06/17/202207/13/2022Financial Services
PCGTriple bottom      06/23/202207/14/2022Electric Utility (West)
PORDouble Bottom, Adam and Adam      07/05/202207/14/2022Electric Utility (West)
RHITriple bottom      06/23/202207/14/2022Human Resources
RCKYDouble Bottom, Adam and Eve      06/17/202207/12/2022Shoe
ROSTPipe bottom      06/27/202207/05/2022Retail (Special Lines)
RESDouble Bottom, Adam and Adam      07/06/202207/14/2022Oilfield Svcs/Equipment
SAIAUgly double bottom      06/22/202207/14/2022Trucking/Transp. Leasing
SMGUgly double bottom      06/22/202206/30/2022Chemical (Basic)
SHWDouble Bottom, Eve and Adam      06/17/202206/30/2022Chemical (Basic)
SKXHead-and-shoulders bottom      06/16/202207/19/2022Shoe
SWNPipe bottom      07/05/202207/11/2022Natural Gas (Diversified)
SUMHead-and-shoulders bottom      06/22/202207/14/2022Cement and Aggregates
TGTDouble Bottom, Adam and Adam      06/17/202206/30/2022Retail Store
TPXDouble Bottom, Adam and Adam      06/16/202206/30/2022Furn/Home Furnishings
TKRDouble Bottom, Adam and Eve      06/23/202207/05/2022Metal Fabricating
TSCOUgly double bottom      05/25/202206/17/2022Retail Building Supply
TREXUgly double bottom      06/16/202206/30/2022Building Materials
SLCAPipe bottom      07/05/202207/11/2022Metals and Mining (Div.)
VFCHead-and-shoulders bottom      06/16/202207/13/2022Apparel
VLODouble Bottom, Adam and Adam      07/06/202207/14/2022Petroleum (Integrated)
VMIDouble Bottom, Adam and Adam      06/23/202207/14/2022Metal Fabricating
VMCHead-and-shoulders bottom      06/23/202207/14/2022Cement and Aggregates
WMTDouble Bottom, Adam and Eve      05/20/202206/15/2022Retail Store
WEXTriple bottom      06/17/202207/14/2022Information Services
WMBDouble Bottom, Adam and Adam      06/17/202207/06/2022Natural Gas (Distributor)
WSMPipe bottom      05/16/202205/23/2022Retail (Special Lines)

 

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Thursday 7/21/22. Ethereum Cryptocurrency Review

The Nasdaq climbed by 1.6% or 184.5 points. Since 02/05/1971 the Nasdaq made 93 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 48 occasions.
     Average loss was -1.2% on 45 occasions.
Expect the Nasdaq to close higher 51.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 241/426 or 56.6% of the time.
     The prediction of the Nasdaq closing lower has been right 64/135 or 47.4% of the time.

Picture of Ethereum.

$ $ $

I show a picture of Ethereum on the daily scale.

At A, the cryptocurrency moved horizontally and formed a pattern that isn't an descending triangle (too much white space, I think), but it's close.

At C, the horizontal base of the triangle might pose a problem for the currency to move higher.

At B, the currency formed a solid base, a rectangle bottom. After the upward breakout from the rectangle, the coin skyrocketed. It has yet to reach red line C, but it'll be interesting to see if the coin turns down there (anywhere between A and C is a resistance area).

$ $ $

Here's a symbol list of 136 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ADBE, ALRM, ALB, ALKS, AMZN, AEE, ANIK, APA, ASH, ATO, ADSK, AVA, BMI, BKH, BA, BRC, BG, CTXS, CL, CMTL, ED, CAG, CONN, COP, CLR, DVN, DFS, ^DJU, DRQ, DTE, BOOM, EIX, WIRE, EFX, XOM, FICO, FRD, GME, GD, GIS, GNW, GILD, EVRG, HAYN, HL, HP, DHI, INTU, JAZZ, K, LANC, LLY, MNDT, MRO, MCHX, MRK, META, MGEE, MOS, MUR, MYGN, ^IXIC, CNR, NI, NWPX, OXY, OGE, OTEX, OMI, PKE, PTEN, PFE, PEG, RGS, RNG, ROG, RES, CRM, SLB, SWX, SWN, SR, SSYS, TECH, TOL, TSCO, TZOO, SLCA, UPS, VLO, VEEV, XEL, IYC, IYE, IEZ, IHE, IDU, FTEC, FDN, FXL, BOTZ, QQQ, IGV, IGE, IEO, EWO, ECH, EIS, EWJ, EWS, TUR, QLD, PXJ, ROBO, IXC, IXN, XLP, XLE, GLD, XLK, 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.

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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

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  10,259.60    
 Weekly S2  10,946.39  686.79   
 Monthly S1  11,078.63  132.24   
 Monthly Pivot  11,384.16  305.54   
 Weekly S1  11,422.02  37.86   
 Weekly Pivot  11,481.56  59.54   
 Daily S2  11,610.39  128.83   
 Low  11,703.36  92.97   
 Open  11,726.09  22.73   Yes! The Open is close to the Low.
 Daily S1  11,754.02  27.93   
 61.8% Down from Intraday High  11,793.74  39.72   
 50% Down from Intraday High  11,821.66  27.92   
 Daily Pivot  11,846.99  25.33   
 38.2% Down from Intraday High  11,849.58  2.59   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  11,897.65  48.07   
 High  11,939.96  42.31   
 Weekly R1  11,957.19  17.23   Yes! The Weekly R1 is close to the High.
 Daily R1  11,990.62  33.43   
 Weekly R2  12,016.73  26.11   
 Daily R2  12,083.59  66.86   
 Monthly R1  12,203.19  119.60   
 Monthly R2  12,508.72  305.54   

Wednesday 7/20/22. A Look At Indicators

Picture of the chart pattern indicator

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

The big move upward on Tuesday (today) forced the indicator from neutral into a bullish stance. The chart shows this by the vertical green bar on the far right of the chart.

The new signal is good news for bulls. Today's move higher is reported to be a reaction to good earnings, so maybe this move has momentum with better earnings expected by other companies.

Picture of the percent down indicators

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

Shown as a red line on the above chart...
On Tuesday, 65% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 70%.
The fewest was 19% on 07/29/2021.
And the most was 79% on 06/17/2022.
Shown as a blue line on the above chart...
The 454 stocks in my database are down an average of 28% from their yearly high.
A week ago, the average was 30%.
The peak was 12% on 08/11/2021.
And the bottom was 33% on 06/16/2022.

Both the red and blue lines are higher than they were a week ago.

The chart of the red line shows a higher low. You can call it an ugly double bottom where the second bottom is above the first.

Both charts are bullish this week, which suggests the upward move has staying power. Yes, we could see a retrace, especially if a popular company falls short of earnings expectations. However, this might be a good time to bottom fish for securities you've wanted to own.

$ $ $

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: AES, APD, ATSG, ALRM, ALB, AA, ALKS, AYX, AMZN, AEE, AFG, ABC, APH, APA, ATR, ADP, AVA, BMI, BSET, BECN, BBY, BKH, BA, BMY, BG, CRL, CHKP, CMTL, ED, CAG, CONN, COP, CLR, CRH, CTS, CMI, CW, DECK, XRAY, DVN, DFS, DRQ, BOOM, EXP, WIRE, EOG, EFX, XOM, EZPW, FWRD, FRD, GME, GPS, GIS, GNW, GL, GOOGL, GFF, HLIT, HIG, HAYN, HTLD, HL, HSII, HP, HSIC, HURC, IIIN, IPG, IVC, NVTA, KMT, KFRC, KLAC, MNDT, MRO, MCHX, MRTN, MDT, MU, MSFT, MLKN, MOS, MLI, MUR, CNR, NCR, NTGR, NEE, NKE, NWPX, OLN, OTEX, OXM, PKG, PKE, PTEN, PAYX, PETS, PNW, PPG, PEG, RGS, ROG, ROST, RES, SLB, SEE, SLGN, SKX, SCCO, SWN, SXI, SCS, SSYS, SUM, SRDX, TECH, TPX, TER, TKR, TSCO, TRV, SLCA, UPS, VLO, WSM, WWW, IYK, IYE, IEZ, FTEC, QQQ, SOXX, IGE, IEO, IHI, EWO, EWK, ECH, EWQ, EWG, EWI, EWY, EWP, EWD, EWL, TUR, EWU, QLD, PXJ, IEV, IXC, IXN, SSO, XLE, XLK, XLU, UNG, 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.

-- Thomas Bulkowski

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Tuesday 7/19/22. Slider Trading Quiz!

The Dow dropped by -0.7% or -215.65 points. Since 10/01/1928 the Dow made 593 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 293 occasions.
     Average loss was -0.8% on 300 occasions.
Expect the Dow to close lower 50.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 249/444 or 56.1% of the time.
     The prediction of the Dow closing lower has been right 47/97 or 48.5% of the time.

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I show another slider trading quiz featuring Stancorp Financial: SFG stock.

$ $ $

Here's a symbol list of 208 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AXDX, ADBE, ADTN, AES, ALRM, ALKS, AEE, AEO, ABC, APH, ANIK, AAPL, ARCB, AWI, ARW, AGO, ADP, AVY, AVNT, AVA, BMI, BCPC, BAX, BBY, BIIB, BKH, BA, BMY, CDNS, CALM, CRL, CHKP, CVX, CHS, CIEN, CTSH, ED, CONN, COP, CLR, COST, CSGS, CTS, DECK, XRAY, DFS, DOV, EFX, EQT, EVH, FIS, FLEX, FLS, FORM, FTNT, FWRD, FDP, GME, GPS, IT, GNW, GILD, GPN, GL, GS, GFF, GES, HLIT, HIG, HOLX, HON, HURC, INCY, INFN, ISRG, NVTA, JAZZ, K, KLAC, LH, LRCX, LANC, MTSI, MCHX, MRTN, MDT, MU, MSFT, MLKN, MUR, ^IXIC, NTGR, NJR, NXGN, NVDA, OLN, OMC, OMI, PTEN, PAYX, PRFT, PETS, PFE, PNW, PLXS, PGR, KWR, QCOM, RMBS, RGS, ROST, SCHW, SIGI, SMTC, NOW, LUV, SR, SRDX, TECH, TDOC, TPX, TER, TSCO, TZOO, VLO, VMI, VEEV, VRSN, VRTX, V, WSO, WSM, WOLF, WDAY, IYM, IHE, DDM, FTEC, QQQ, ICF, IYH, IHF, IYZ, SOXX, IGE, IEO, IHI, EWO, EWK, EWZ, ECH, EWQ, EWG, EIS, EWI, EWJ, EWY, THD, TUR, EWU, QLD, IBB, PBE, PHO, IEV, IXC, IXN, SSO, MXI, XLE, XLV, XLI, SPY, XAR, XLK, UNG, VHT, VIS, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  28,638.53    
 Weekly S2  29,637.74  999.21   
 Monthly S1  29,855.57  217.83   
 Weekly S1  30,355.18  499.61   
 Daily S2  30,571.71  216.54   
 Daily S1  30,822.16  250.45   
 Weekly Pivot  30,861.36  39.20   Yes! The Weekly Pivot is close to the Daily S1.
 Monthly Pivot  30,870.33  8.97   Yes! The Monthly Pivot is close to the Weekly Pivot.
 Low  30,982.97  112.64   
 Close  31,072.61  89.64   
 Daily Pivot  31,233.42  160.81   
 61.8% Down from Intraday High  31,235.74  2.32   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High  31,313.82  78.08   
 38.2% Down from Intraday High  31,391.91  78.08   
 Open  31,475.98  84.07   
 Daily R1  31,483.87  7.89   Yes! The Daily R1 is close to the Open.
 Weekly R1  31,578.80  94.93   
 High  31,644.68  65.88   Yes! The High is close to the Weekly R1.
 Daily R2  31,895.13  250.45   
 Weekly R2  32,084.98  189.85   
 Monthly R1  32,087.37  2.39   Yes! The Monthly R1 is close to the Weekly R2.
 Monthly R2  33,102.13  1,014.76   

Monday 7/18/22. Market Monday: Have We Hit Bottom?

My Prediction

Picture of the Dow industrials on the daily scale.

I show the Dow industrials on the daily chart.

The two bottoms at AB remind me of an ugly double bottom. That's a twin-bottom pattern where the second bottom is well above the first bottom.

For indices, I don't set a percentage rise (which is usually 5%) between the two bottoms. That's because you don't see a larger percentage move on the indices (usually, but that's changed recently).

Anyway, the two bottoms are uneven.

The pattern won't become valid until the index closes above the red line at C. So we've a bit to go before we can call the turn from down to up.

If we see the index reach C, there's overhead resistance at D setup by the breakaway gap at D. That might slow the upward move.

It's something to be aware of in the coming days.

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A Brief Look Back

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

Monday: Down 164.31 points.
Tuesday: Down 192.51 points.
Wednesday: Down 208.54 points.
Thursday: Down 142.62 points.
Friday: Up 658.09 points.

For the Week...

The Dow industrials were down 49.89 points or 0.2%.
The Nasdaq composite was down 182.89 points or 1.6%.
The S&P 500 index was down 36.22 points or 0.9%.

Year to Date...

Dow Industrials
     15.3% down from the high of 36,952.65 on 01/05/2022.
     5.5% up from the low of 29,653.29 on 06/17/2022.
Nasdaq
     27.8% down from the high of 15,852.14 on 01/04/2022.
     8.4% up from the low of 10,565.14 on 06/16/2022.
S&P 500
     19.8% down from the high of 4,818.62 on 01/04/2022.
     6.2% up from the low of 3,636.87 on 06/17/2022.

Options Expiration

No options expire this week.

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Swing Traders: Pivot Points

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

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  30,604  30,946  31,117  31,459  31,630 
Weekly  29,710  30,499  30,933  31,723  32,157 
Monthly  28,710  29,999  30,942  32,231  33,174 
S&P500 (^GSPC): Daily  3,802  3,832  3,848  3,879  3,894 
Weekly  3,663  3,763  3,822  3,922  3,981 
Monthly  3,506  3,685  3,815  3,994  4,124 
Nasdaq (^IXIC): Daily  11,241  11,347  11,401  11,506  11,560 
Weekly  10,798  11,125  11,333  11,660  11,868 
Monthly  10,111  10,782  11,236  11,906  12,360 

Here are the formulas:

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

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Earnings, Chart Patterns & Industries

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

Here's a symbol list of 99 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AES, APD, ALRM, ALL, AEE, AIG, ANIK, AAPL, AWI, AIZ, AVA, BALL, BBY, BKH, BA, CACI, CALM, CX, CNC, CF, CINF, CNA, CMCO, CMTL, ED, CONN, COST, CTS, DECK, DFS, RE, EZPW, FTNT, GNW, GS, GPRO, GFF, THG, HSC, HIG, HTLD, HELE, HD, NVTA, JNJ, K, KFRC, KLAC, LMT, LOW, LXU, MRTN, MTRN, MRK, META, MGEE, MU, MLKN, CNR, NEE, NUS, PANW, PDCO, PETS, PNW, PFG, PGR, PEG, QCOM, RNG, RLI, RCKY, ROG, ROST, SRDX, TER, TJX, TRV, UGI, VRSN, V, WRB, WSM, FXI, SOXX, EWH, TUR, IXN, UNG. Clink this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Short ETFs2. Petroleum (Integrated)
3. Natural Gas (Diversified)3. Short ETFs
4. Petroleum (Integrated)4. Natural Gas (Diversified)
5. Natural Gas (Distributor)5. Oilfield Svcs/Equipment
6. Electric Utility (Central)6. Natural Gas (Distributor)
7. Food Processing7. Insurance (Prop/Casualty)
8. Electric Utility (West)8. Food Processing
9. Medical Services9. Aerospace/Defense
10. Electric Utility (East)10. Electric Utility (Central)
Best Performing AboveWorst Performing Below
50. Cement and Aggregates50. E-Commerce
51. Apparel51. Apparel
52. Shoe52. Telecom. Equipment
53. Internet53. Diversified Co.
54. Diversified Co.54. Toiletries/Cosmetics
55. Semiconductor55. Cement and Aggregates
56. E-Commerce56. Shoe
57. Toiletries/Cosmetics57. Semiconductor
58. Semiconductor Cap Equip.58. Homebuilding
59. Computers and Peripherals59. Computers and Peripherals
60. Homebuilding60. Semiconductor Cap Equip.

-- Thomas Bulkowski

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Friday 7/15/22. Pattern Trading Setups for the Weekend.

$ $ $

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: ACN, ADTN, AMD, AFL, APD, ATSG, ALRM, AA, ALL, AEE, ACGL, ADM, AGO, ATO, AVY, AVA, AXS, BERY, BBY, BIO, BKH, BMY, BG, CX, CNP, CF, CVX, CINF, CNA, CNO, ED, CONN, COP, COST, CCRN, CTS, DECK, XRAY, ^DJU, D, DRQ, DTE, EOG, RE, EXC, FFIV, FDX, FE, FRD, IT, GD, GOOGL, EVRG, GFF, THG, HIG, HELE, HP, HURC, ITW, ITGR, IVC, NVTA, KBAL, KLAC, KSS, KLIC, LHX, LMT, L, LXU, MANH, MTRX, MGEE, MU, MLKN, MUR, NBR, NOV, NCR, NOC, NWPX, OUT, OXM, PKE, PTEN, PETS, PNW, POR, PFG, PGR, PRU, PEG, QCOM, RMBS, RJF, RNG, RLI, RHI, ROG, ROST, RES, CRM, SLB, SEIC, SO, SCCO, SR, SUM, TER, TEVA, RIG, TRV, SLCA, UNM, VLO, WRB, WU, WLK, WSM, XEL, IYM, IYE, IEZ, IHF, IAT, IGV, SOXX, SLV, IGE, IEO, IYF, EWK, EWZ, EWC, EWG, EWI, EWS, EZA, EWY, EWP, EWL, EWT, THD, EWU, PPA, DBA, PXJ, IEV, IXC, ILF, MXI, XLE, XLF, GLD, XLV, XLB, XAR, 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.

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ACNPipe top      06/21/202206/27/2022IT Services
APDPipe top      06/21/202206/27/2022Chemical (Diversified)
ABCPipe top      06/21/202206/27/2022Biotechnology
AWIDouble Bottom, Eve and Adam      06/22/202206/30/2022Building Materials
BIOPipe bottom      06/13/202206/21/2022Medical Supplies
CALMUgly double bottom      06/10/202207/06/2022Food Processing
CPBUgly double bottom      06/16/202207/05/2022Food Processing
CNCUgly double bottom      06/14/202207/05/2022Medical Services
CRLPipe bottom      06/21/202206/21/2022Biotechnology
CIENUgly double bottom      06/16/202207/05/2022Telecom. Equipment
COSTPipe bottom      05/16/202205/23/2022Retail Store
^DJUDiamond top      06/28/202207/07/2022None
^DJTDiamond bottom      06/13/202207/11/2022None
REDouble Top, Adam and Adam      06/28/202207/07/2022Insurance (Prop/Casualty)
FDXPipe top      06/21/202206/27/2022Air Transport
GGGDouble Top, Eve and Adam      06/27/202207/07/2022Machinery
IDXXUgly double bottom      06/16/202206/30/2022Drug
IBPPipe bottom      06/13/202206/21/2022Retail Building Supply
IBKRTriangle, descending      05/18/202207/12/2022Securities Brokerage
KTriple bottom      05/20/202206/17/2022Food Processing
KELYATriangle, symmetrical      06/28/202207/14/2022Human Resources
LZBUgly double bottom      06/16/202206/30/2022Furn/Home Furnishings
MYGNUgly double bottom      06/16/202206/30/2022Biotechnology
NEUDiamond top      06/27/202207/14/2022Chemical (Specialty)
PKEDouble Top, Adam and Eve      06/06/202207/01/2022Chemical (Specialty)
PNWPipe top      06/27/202207/05/2022Electric Utility (West)
PPLDiamond top      06/27/202207/12/2022Electric Utility (East)
QCOMPipe bottom      06/13/202206/21/2022Telecom. Equipment
RNGDouble Top, Adam and Eve      06/27/202207/05/2022Computer Software and Svcs
NOWDouble Top, Adam and Adam      06/27/202207/06/2022IT Services
LUVDouble Bottom, Eve and Eve      06/17/202206/30/2022Air Transport
SRDXDouble Top, Adam and Adam      06/27/202207/06/2022Medical Supplies

 

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Thursday 7/14/22. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.2% or -17.15 points. Since 02/05/1971 the Nasdaq made 532 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 278 occasions.
     Average loss was -0.8% on 254 occasions.
Expect the Nasdaq to close higher 52.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 240/425 or 56.5% of the time.
     The prediction of the Nasdaq closing lower has been right 64/135 or 47.4% of the time.

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

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

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

The index broke through (heading down) a trendline (shown in red), at A. I show the depth of that plunge with the vertical green line.

After such plunges which pierce a trendline, the measure rule for trendlines suggests that if the security pierces the red trendline moving up, then you'll see a climb in height similar to the depth of the plunge. In other words, the height of the two green lines will be similar.

If that happens, it means the index should rise to B, the price of the top of the green line. However, that might not happen because the index has moved sideways for several hours today. That suggests overhead resistance which it will have to burn through before it makes the move. Perhaps we'll see the jump up at the market open on Thursday.

$ $ $

Here's a symbol list of 128 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AEIS, APD, ATSG, AKAM, AEE, AEO, AEL, AXP, ATR, ACGL, ASH, ADSK, AVA, AXS, BBY, BKH, CALM, CE, CF, CRL, CHD, CIEN, CNA, CNO, CMCO, ED, CAG, CONN, CCRN, CSGS, CTS, DECK, DOV, DRQ, FFIV, FAST, FDX, FORM, FTNT, FWRD, FCX, IT, GD, GNW, GPN, GFF, HLIT, HTLD, HL, HSII, HOLX, ITW, ILMN, ITGR, IVC, NVTA, JBLU, KALU, KMT, KLAC, LOW, MCHX, MU, MLKN, NOV, NFLX, NTAP, NEE, NXGN, NKE, NWPX, OTEX, OUT, PKG, PRFT, PETS, PNW, PFG, PEG, KWR, QCOM, RMBS, RNG, ROG, ROST, SCHW, SEE, SEIC, SMTC, SUM, SNPS, TPX, TER, UPS, VFC, WMT, WU, WLK, WMB, WSM, ZBRA, QQQ, IHF, IAT, SOXX, IYF, EWQ, EWI, EWM, EZA, ROBO, XLF, XLI, XRT, UNG, SMH, VIS. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  9,672.45    
 Monthly S1  10,460.01  787.57   
 Weekly S2  10,504.66  44.65   
 Weekly S1  10,876.12  371.46   
 Daily S2  10,907.11  30.99   
 Low  11,031.27  124.16   
 Open  11,056.55  25.28   Yes! The Open is close to the Low.
 Daily S1  11,077.34  20.79   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High  11,143.73  66.39   
 50% Down from Intraday High  11,178.47  34.74   
 Daily Pivot  11,201.51  23.04   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  11,213.21  11.70   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  11,247.58  34.37   
 Weekly Pivot  11,282.91  35.33   
 High  11,325.67  42.76   
 Monthly Pivot  11,352.71  27.04   Yes! The Monthly Pivot is close to the High.
 Daily R1  11,371.74  19.04   Yes! The Daily R1 is close to the Monthly Pivot.
 Daily R2  11,495.91  124.16   
 Weekly R1  11,654.37  158.46   
 Weekly R2  12,061.16  406.79   
 Monthly R1  12,140.27  79.11   
 Monthly R2  13,032.97  892.69   

Wednesday 7/13/22. A Look At Indicators

Picture of the chart pattern indicator

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

The indicator is in the neutral zone, but the last signal was bullish. You can see those changes by the white bars and the preceding green bar.

The longer-term trend, however, is downward. I show an accelerating drop with blue lines (segments). It appears that the index has bounced off the blue line and has turned down. Of course, anything can happen, but it suggests the index is still under pressure to drop.

Picture of the percent down indicators

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

Shown as a red line on the above chart...
On Tuesday, 70% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 71%.
The fewest was 17% on 07/13/2021.
And the most was 79% on 06/17/2022.
Shown as a blue line on the above chart...
The 454 stocks in my database are down an average of 30% from their yearly high.
A week ago, the average was 30%.
The peak was 12% on 08/11/2021.
And the bottom was 33% on 06/16/2022.

The landscape on this chart didn't change much over the past week. The red line is slightly more bearish but the blue line is unchanged (when compared to a week ago).

The red line bounced off the June low and climbed, but it might reverse and form the second bottom of a potential double bottom.

The prior chart is bullish but suggesting the index will drop. This chart is recovering but I expect a downturn. This is a time for caution if you're bullish. We might see the index slump for a week or so before recovering.

$ $ $

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: AMD, AFL, APD, AEE, AMGN, ANIK, APA, AVA, BAX, BECN, BERY, BBY, BKH, BRC, BBW, BLDR, CF, CVX, CGNX, ED, CONN, COP, CCRN, CTS, DHR, DECK, DRQ, WIRE, EOG, EPAM, FICO, FAST, FE, FLS, FTNT, FCX, FDP, GD, EVRG, GFF, HBI, HQY, HSII, HELE, HOLX, HD, ILMN, ITGR, IVC, NVTA, JKHY, KLAC, LANC, LEG, LMT, MCHX, MRTN, META, MGEE, MU, MLKN, MYGN, NOV, NTAP, NKE, NI, NWPX, OXY, OGE, PTEN, PAYX, PRFT, PETS, PNW, PGR, PEG, KWR, RMBS, RNG, ROST, NOW, SHW, SXI, SUM, SNPS, TFX, TPX, TER, TJX, RIG, UGI, VFC, VC, WLK, WSM, XEL, IYE, IEZ, FXI, SOXX, IGE, IHI, ECH, EWH, EWI, EZA, EWP, THD, PXJ, PHO, ROBO, IXC, XLE, XHB, XRT, UNG, USO, SMH. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

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Tuesday 7/12/22. Slider Trading Quiz!

The Dow dropped by -0.5% or -164.31 points. Since 10/01/1928 the Dow made 786 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 396 occasions.
     Average loss was -0.8% on 390 occasions.
Expect the Dow to close higher 50.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 249/443 or 56.2% of the time.
     The prediction of the Dow closing lower has been right 47/97 or 48.5% of the time.

$ $ $

I show another slider trading quiz featuring Southern Peru Copper (version 2): PCU stock.

$ $ $

Here's a symbol list of 94 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AYI, APD, AA, AEP, ABC, AMGN, ADM, AWI, AIZ, ADSK, BSET, BERY, BBY, BIG, BRC, BG, CF, CTXS, CTSH, CMCO, CAG, COST, CCRN, CMI, ^DJU, DTE, RE, EZPW, FLS, FORM, FCX, IT, GL, HIG, HQY, HSII, HELE, IDA, ITGR, IBKR, NVTA, JKHY, JBLU, JNJ, KELYA, KBAL, LANC, LNC, RAMP, M, MLM, MAS, NEE, OXY, OUT, OMI, PATK, PLXS, POR, RCKY, CRM, SO, LUV, SUM, TEVA, TSCO, RIG, UGI, UNM, VRTX, VMC, WSO, WMB, IYM, IYC, IDU, FDN, IYZ, EEM, EIS, EWS, THD, TUR, MXI, XLP, XLU, UNG. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Top

© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  27,772.09    
 Monthly S1  29,472.96  1,700.88   
 Weekly S2  29,857.13  384.17   
 Weekly S1  30,515.49  658.35   
 Daily S2  30,965.45  449.96   
 Weekly Pivot  31,013.47  48.03   
 Daily S1  31,069.64  56.17   
 Low  31,114.40  44.76   
 Close  31,173.84  59.44   
 61.8% Down from Intraday High  31,211.10  37.26   
 Daily Pivot  31,218.60  7.49   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  31,240.97  22.38   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  31,270.85  29.87   
 Open  31,277.98  7.13   Yes! The Open is close to the 38.2% Down from Intraday High.
 Daily R1  31,322.79  44.81   
 Monthly Pivot  31,354.17  31.37   
 High  31,367.55  13.38   Yes! The High is close to the Monthly Pivot.
 Daily R2  31,471.75  104.20   
 Weekly R1  31,671.83  200.08   
 Weekly R2  32,169.81  497.99   
 Monthly R1  33,055.04  885.23   
 Monthly R2  34,936.25  1,881.20   

Monday 7/11/22. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transports on the daily scale.

I show the Dow transports on the daily scale.

From the left, I highlight a head-and-shoulders bottom chart pattern. LS is the left shoulder and RS is the right one. The breakout happens at A with a strong push upward. The rise doesn't quite meet the target (which is the height from the low at the head to the red neckline directly above, added to the breakout price.

BC is a double top, confirmed when the index closes below line D. Price exceeded the target this time (pattern's height subtracted from the breakout price).

Now, we see a weird looking diamond bottom, but most diamonds are weird looking. In fact, the right side might see price continue higher which would probably invalidate this diamond (because of not enough trendline touches).

The breakout from a diamond is upward 74% of the time, so maybe we'll see price rise in the coming days.

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A Brief Look Back

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

Tuesday: Down 129.44 points.
Wednesday: Up 69.86 points.
Thursday: Up 346.87 points.
Friday: Down 46.4 points.
Saturday: Holiday or other weird event!

For the Week...

The Dow industrials were up 240.89 points or 0.8%.
The Nasdaq composite was up 507.46 points or 4.6%.
The S&P 500 index was up 74.05 points or 1.9%.

Year to Date...

Dow Industrials
     15.2% down from the high of 36,952.65 on 01/05/2022.
     5.7% up from the low of 29,653.29 on 06/17/2022.
Nasdaq
     26.6% down from the high of 15,852.14 on 01/04/2022.
     10.1% up from the low of 10,565.14 on 06/16/2022.
S&P 500
     19.1% down from the high of 4,818.62 on 01/04/2022.
     7.2% up from the low of 3,636.87 on 06/17/2022.

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).

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Swing Traders: Pivot Points

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

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  31,055  31,197  31,354  31,496  31,653 
Weekly  29,912  30,625  31,068  31,781  32,225 
Monthly  27,827  29,583  31,409  33,165  34,991 
S&P500 (^GSPC): Daily  3,847  3,873  3,896  3,922  3,945 
Weekly  3,677  3,788  3,853  3,965  4,030 
Monthly  3,370  3,635  3,902  4,166  4,434 
Nasdaq (^IXIC): Daily  11,392  11,513  11,602  11,723  11,812 
Weekly  10,634  11,135  11,412  11,913  12,190 
Monthly  9,802  10,719  11,482  12,399  13,162 

Here are the formulas:

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

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Earnings, Chart Patterns & Industries

Earnings season will be starting in about 5 days.

Here's a symbol list of 76 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, APD, ALKS, AEE, ABC, AMN, ADM, AWI, ADSK, AXS, BERY, BRC, BG, CNC, CF, CNA, CL, CMCO, ED, COST, CRH, CMI, EIX, RE, EXPD, EZPW, FISV, FORM, GS, GGG, GFF, HLIT, HIG, HE, HURC, IBKR, JBLU, KBH, KBAL, KMB, LANC, LNC, RAMP, MNDT, MLM, MGEE, MU, NI, JWN, NWPX, NUS, OXY, OGE, PKG, PKE, PNW, RGS, RCKY, CRM, SLGN, TSCO, RIG, TG, VRTX, VMC, WRB, IYM, EWO, XLP. Clink this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Petroleum (Integrated)2. Oilfield Svcs/Equipment
3. Short ETFs3. Petroleum (Integrated)
4. Natural Gas (Diversified)4. Natural Gas (Diversified)
5. Oilfield Svcs/Equipment5. Natural Gas (Distributor)
6. Natural Gas (Distributor)6. Short ETFs
7. Insurance (Prop/Casualty)7. Insurance (Prop/Casualty)
8. Food Processing8. Food Processing
9. Aerospace/Defense9. Aerospace/Defense
10. Electric Utility (Central)10. Electric Utility (West)
Best Performing AboveWorst Performing Below
50. E-Commerce50. Trucking/Transp. Leasing
51. Apparel51. Internet
52. Telecom. Equipment52. Retail (Special Lines)
53. Diversified Co.53. Cement and Aggregates
54. Toiletries/Cosmetics54. Telecom. Equipment
55. Cement and Aggregates55. E-Commerce
56. Shoe56. Shoe
57. Semiconductor57. Homebuilding
58. Homebuilding58. Semiconductor
59. Computers and Peripherals59. Computers and Peripherals
60. Semiconductor Cap Equip.60. Semiconductor Cap Equip.

-- Thomas Bulkowski

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Friday 7/8/22. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 77 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACN, ALRM, AYX, AEE, ABC, AMGN, ARCB, ADSK, AXS, BSET, BBBY, CACI, CENX, CLF, ED, CROX, DHR, BOOM, FISV, FIVN, FLS, FORM, GME, GL, HE, HD, NSP, ISRG, NVTA, JAZZ, LANC, LEG, RAMP, MNDT, MGEE, MLI, NI, NUS, OGE, OMCL, ASGN, OUT, PKE, PYPL, PFE, PCG, PNW, PGR, ROG, CRM, SCCO, SR, SXI, TECH, TDOC, SLCA, UPS, VEEV, VRTX, VC, VMC, WRB, WDAY, XEL, IYM, QTEC, FXL, EWM, EWD, XLP, UNG. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

-- Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ABTPipe bottom      06/13/202206/21/2022Medical Supplies
ADBEUgly double bottom      06/17/202206/30/2022Computer Software and Svcs
AJRDPipe bottom      06/13/202206/21/2022Diversified Co.
AFLHead-and-shoulders bottom      05/20/202207/05/2022Insurance (Diversified)
ALLPipe bottom      06/13/202206/21/2022Insurance (Prop/Casualty)
AEPPipe bottom      06/13/202206/21/2022Electric Utility (Central)
AAPLHead-and-shoulders bottom      05/20/202206/30/2022Computers and Peripherals
ASHPipe bottom      06/13/202206/21/2022Chemical (Basic)
ATOPipe bottom      06/13/202206/21/2022Natural Gas (Diversified)
AVYPipe bottom      06/13/202206/21/2022Packaging and Container
AVAPipe bottom      06/13/202206/21/2022Electric Utility (West)
AZTADouble Bottom, Eve and Adam      06/16/202207/05/2022Semiconductor Cap Equip.
BKHPipe bottom      06/13/202206/21/2022Electric Utility (West)
BRCPipe bottom      06/13/202206/21/2022Chemical (Diversified)
BLDRPipe bottom      06/13/202206/21/2022Retail Building Supply
CACIPipe bottom      06/13/202206/21/2022IT Services
CNPPipe bottom      06/13/202206/21/2022Electric Utility (Central)
EDPipe bottom      06/13/202206/21/2022Electric Utility (East)
CAGTriple bottom      05/20/202206/17/2022Food Processing
COSTUgly double bottom      05/20/202206/17/2022Retail Store
CROXDouble Bottom, Eve and Adam      06/16/202207/01/2022Shoe
^DJUPipe bottom      06/13/202206/21/2022None
DTEPipe bottom      06/13/202206/21/2022Electric Utility (Central)
DUKPipe bottom      06/13/202206/21/2022Electric Utility (East)
FICOPipe bottom      06/13/202206/21/2022IT Services
FORMPipe top      06/21/202206/27/2022Semiconductor
HLITDouble Bottom, Eve and Eve      06/16/202207/05/2022Telecom. Equipment
HEPipe bottom      06/13/202206/21/2022Electric Utility (West)
HDDouble Bottom, Adam and Eve      06/22/202206/30/2022Retail Building Supply
JBHTDouble Bottom, Eve and Adam      06/17/202206/30/2022Trucking/Transp. Leasing
ILMNDouble Bottom, Eve and Eve      06/22/202206/30/2022Biotechnology
INCYUgly double bottom      06/14/202206/30/2022Drug
INFNHead-and-shoulders bottom      05/25/202207/05/2022Telecom. Equipment
NSPPipe bottom      06/13/202206/21/2022Human Resources
JKHYPipe bottom      06/13/202206/21/2022IT Services
KELYAPipe bottom      06/13/202206/21/2022Human Resources
KSSDead-cat bounce      07/01/202207/01/2022Retail Store
LDOSPipe bottom      06/13/202206/21/2022IT Services
LENPipe bottom      06/13/202206/21/2022Homebuilding
MHOPipe bottom      06/13/202206/21/2022Homebuilding
MNDTBroadening top, right-angled and descending      04/21/202207/07/2022Computer Software and Svcs
MANDouble Bottom, Eve and Eve      06/16/202206/30/2022Human Resources
MCHXTriple bottom      06/17/202207/01/2022Advertising
MDCPipe bottom      06/13/202206/21/2022Homebuilding
METADouble Bottom, Eve and Adam      06/23/202207/01/2022E-Commerce
MGEEPipe bottom      06/13/202206/21/2022Electric Utility (Central)
MCOPipe bottom      06/13/202206/21/2022Information Services
NTGRHead-and-shoulders bottom      05/20/202207/05/2022Telecom. Equipment
NEEPipe bottom      06/13/202206/21/2022Electric Utility (East)
NIPipe bottom      06/13/202206/21/2022Electric Utility (Central)
OGEPipe bottom      06/13/202206/21/2022Electric Utility (Central)
ORIPipe bottom      06/13/202206/21/2022Insurance (Prop/Casualty)
PCGPipe top      04/25/202205/02/2022Electric Utility (West)
PNWPipe bottom      06/13/202206/21/2022Electric Utility (West)
PORPipe bottom      06/13/202206/21/2022Electric Utility (West)
PPLPipe bottom      06/13/202206/21/2022Electric Utility (East)
PGPipe bottom      06/13/202206/21/2022Household Products
PGRPipe bottom      06/13/202206/21/2022Insurance (Prop/Casualty)
PEGPipe bottom      06/13/202206/21/2022Electric Utility (East)
PHMPipe bottom      06/13/202206/21/2022Homebuilding
RGAPipe bottom      06/13/202206/21/2022Insurance (Life)
RHIDouble Bottom, Adam and Eve      06/23/202206/30/2022Human Resources
SREPipe bottom      06/13/202206/21/2022Electric Utility (West)
SOPipe bottom      06/13/202206/21/2022Electric Utility (East)
TOLPipe bottom      06/13/202206/21/2022Homebuilding
VRSNPipe bottom      06/13/202206/21/2022Internet
WWWTriangle, symmetrical      05/11/202207/07/2022Shoe
XELPipe bottom      06/13/202206/21/2022Electric Utility (West)
IHIPipe bottom      06/13/202206/21/2022Medical Supplies

 

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Thursday 7/7/22. Bitcoin Review. Revised!

The Nasdaq climbed by 0.3% or 39.61 points. Since 02/05/1971 the Nasdaq made 668 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 367 occasions.
     Average loss was -0.6% on 301 occasions.
Expect the Nasdaq to close higher 54.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 239/424 or 56.4% of the time.
     The prediction of the Nasdaq closing lower has been right 64/135 or 47.4% of the time.

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

Picture of the bitcoin on the daily scale.

$ $ $

My software stopped reading the file at June 6, so I created an analysis using the wrong chart. This replaces my original post. Thanks to Varga Zoltan for spotting this. Note: You may have to clear your cache to get the new image to load. The new chart shows point A at the top and point C at the bottom of the pic.

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

Price peaked at A and dropped to the descending triangle at B. If we assume that the chart pattern is the midway point of a measured move down chart pattern (or half staff pattern), then the drop measures about 48,000 to 28,000, or 20,000 points. Applying this move from the top of the triangle, about 31,000 - 20,000 gives a target of 11,000. Note that I ignored the spike at D because it's an outlier. I'd rather base the measure on the tight move of the triangle.

I'm eyeballing all of these numbers from this chart, so it's not an accurate guess. Also realize that this type of analysis (using measured moves) rarely works but it does give you an indication of what might happen. It suggests the coin has about another ~9,000 points to drop.

It's possible it can drop that far, but to me, it looks like it's found a bottom here and we'll see it return to the corrective phase of the measured move down. That's a rise back up to B, or about 28,000.

$ $ $

Here's a symbol list of 81 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, AEIS, AMD, AES, APD, ATSG, AKAM, ALL, AYX, ABC, APH, AIZ, ADSK, ADP, BCPC, BBBY, BMRN, BLDR, CACI, CALM, CTXS, CLR, COST, DHR, XRAY, EQT, EVH, XOM, EZPW, FORM, FCX, GD, HIG, HQY, HL, IDXX, INCY, IIIN, ITGR, IVC, JKHY, JAZZ, RAMP, MANH, MRTN, MLM, META, MYGN, NWPX, NVDA, OMCL, PTEN, PETS, PLXS, PGR, KWR, QCOM, DGX, RLI, ROG, CRM, SAIC, SRDX, SNPS, TEVA, TRV, VRSN, WAT, WMB, ZBRA, EWM, EZA, EWP, THD, DBA, PJP. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

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© 2022 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  9,660.72    
 Weekly S2  10,468.97  808.25   
 Monthly S1  10,511.29  42.32   
 Weekly S1  10,915.41  404.12   
 Daily S2  11,158.94  243.53   
 Low  11,250.32  91.38   
 Daily S1  11,260.40  10.08   Yes! The Daily S1 is close to the Low.
 Weekly Pivot  11,296.45  36.05   
 61.8% Down from Intraday High  11,323.98  27.53   
 Open  11,337.90  13.92   Yes! The Open is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  11,346.74  8.83   Yes! The 50% Down from Intraday High is close to the Open.
 Daily Pivot  11,351.77  5.04   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  11,361.85  10.08   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  11,369.49  7.64   Yes! The 38.2% Down from Intraday High is close to the Close.
 Monthly Pivot  11,415.70  46.21   
 High  11,443.15  27.45   
 Daily R1  11,453.23  10.08   Yes! The Daily R1 is close to the High.
 Daily R2  11,544.60  91.38   
 Weekly R1  11,742.89  198.29   
 Weekly R2  12,123.93  381.04   
 Monthly R1  12,266.27  142.34   
 Monthly R2  13,170.68  904.42   

Wednesday 7/6/22. A Look At Indicators

Picture of the chart pattern indicator

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

The indicator turned bearish today (Tuesday) after the markets put in mixed results. As the thin blue indicator line suggests, the CPI is weakening.

Notice that the index is still trending downward from the peak in January.

Picture of the percent down indicators

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

Shown as a red line on the above chart...
On Tuesday, 71% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).
A week ago, it was 69%.
The fewest was 15% on 07/09/2021.
And the most was 79% on 06/17/2022.
Shown as a blue line on the above chart...
The 454 stocks in my database are down an average of 30% from their yearly high.
A week ago, the average was 29%.
The peak was 11% on 07/12/2021.
And the bottom was 33% on 06/16/2022.

Both lines this week are weaker than they were seven days ago. This chart also shows a downtrend in the red and blue lines, stretching back to the start of the chart on the far left.

The two charts this weak are bearish. The one above is more bullish than the CPI, I think. Why? Because the indicator moved up during the last two weeks, so it looks more like a retrace in a short-term uptrend.

I expect a resumption of the uptrend.

$ $ $

Here's a symbol list of 199 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, AEIS, AJRD, AFL, ATSG, AKAM, AA, ALL, AMED, AEE, AEP, AMGN, AAPL, ATR, ASH, ATO, AVY, AVA, AZTA, BALL, BSET, BERY, BIO, BKH, BKNG, BRC, BLDR, CACI, CDNS, CALM, CAL, CX, CNP, CRL, CSCO, CNA, CNO, ED, CLR, COTY, CRH, CROX, CW, D, DTE, DUK, EIX, ELV, EQT, XOM, FICO, FIS, FISV, FTNT, FCX, GME, IT, GE, GGG, EVRG, GES, HLIT, HE, HL, HSII, HP, DHI, HOV, IDA, ILMN, INFN, NSP, IBP, ITGR, IPAR, INTU, NVTA, JKHY, JBLU, KBH, KELYA, KFRC, LHX, LDOS, LEN, LXU, MHO, MCHX, MAS, MTRN, MDC, MGEE, MSFT, MLKN, MCO, MOS, NCR, NJR, NWL, NEE, NXGN, NI, NWPX, OXY, OGE, ORI, ASGN, OMI, PATK, PTEN, PYPL, PRFT, PNW, PLXS, POR, PPG, PPL, PG, PGR, PEG, PHM, KWR, RGA, RNG, RLI, RHI, ROK, ROST, CRM, SMG, SRE, SKX, SO, SWX, SR, SCS, TDOC, TER, TOL, TZOO, TG, TREX, UNM, VRSN, WAT, WWW, WDAY, XEL, ZBRA, IAI, IYC, ITB, IDU, FTEC, FDN, QQQ, IGV, IHI, EWO, EWK, EWZ, EEM, EWQ, EWG, EWI, EWM, EWS, EZA, EWP, THD, TUR, EWU, QLD, DBA, PHO, IEV, MXI, XLP, XHB, XLK, XLU, 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.

-- Thomas Bulkowski

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Tuesday 7/5/22. 2022 Forecast Update

I released a new version of Patternz. It has some algorithm enhancements and bug fixes.

$ $ $

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

Based on sector performance from Fidelity, the best performing sectors for year-to-date performance as of 30 June 2022 were... (The numbering is how they ranked a month ago.)

1. Energy (+29%)
2. Utilities (-2%)
3. Consumer staples (-7%)
5. Health care (-9%)
7. Industrials (-17%)
4. Materials (-19%)
6. Financials (-19%)
8. Real estate (-21%)
9. Information technology (-27%)
10. Communication services (-30%)
11. Consumer discretionary (-33%)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 6/21/22.

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

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 6/30. The numbering is how they ranked a month ago.

3. Construction and engineering (+38%)
1. Oil, gas and consumable fuels (+37%)
2. Energy equipment and services (+21%)
6. Health care providers and services (+18%)
4. Pharmaceuticals (+18%)
7. Multi-utilities (+14%)
New. Beverages (+12%)
9. Electric utilities (11%)
New. Insurance (8%)
New. Food products (8%)

Here's a symbol list of 166 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AMD, AJRD, ATSG, ALRM, AA, ALL, AEE, AEP, AEL, AMAT, ATR, ASH, ATO, AVY, AVA, BCPC, BALL, BERY, BIO, BKH, BRC, BMY, BLDR, CACI, CAL, CNP, CRL, CHKP, CNO, ED, COST, CW, DDS, ^DJU, D, DTE, DUK, EIX, ELV, FICO, FISV, FORM, FCX, GME, GIS, EVRG, HE, HQY, HTLD, HL, HSII, HELE, HP, HSIC, DHI, HOV, HUBG, HURC, IDA, ITW, NSP, IBP, IIIN, ITGR, IPAR, IBKR, TILE, IVC, JKHY, KBH, KELYA, KFRC, KLAC, KSS, LHX, LZB, LRCX, LDOS, LEN, MHO, MCHX, MAS, MDC, MGEE, MU, MCO, MUR, MYGN, CNR, NJR, NWL, NEE, NI, OXY, OGE, ORI, OMCL, ASGN, PANW, PTEN, PETS, PNW, POR, PPG, PPL, PG, PGR, PEG, PHM, KWR, QCOM, RGA, RLI, SAIC, SRE, SKX, SO, SWX, SR, TEVA, TMO, TOL, RIG, TREX, SLCA, UPS, UNM, VRSN, WAT, XEL, ITB, IEZ, IDU, SLV, IHI, EWZ, EZA, EWT, DBA, PHO, ILF, XLP, XHB, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Petroleum (Producing)1. Petroleum (Producing)
2. Oilfield Svcs/Equipment2. Oilfield Svcs/Equipment
3. Petroleum (Integrated)3. Petroleum (Integrated)
4. Natural Gas (Diversified)4. Natural Gas (Diversified)
5. Natural Gas (Distributor)5. Natural Gas (Distributor)
6. Short ETFs6. Short ETFs
7. Insurance (Prop/Casualty)7. Insurance (Prop/Casualty)
8. Food Processing8. Food Processing
9. Aerospace/Defense9. Aerospace/Defense
10. Electric Utility (West)10. Electric Utility (West)
Best Performing AboveWorst Performing Below
50. Trucking/Transp. Leasing50. Diversified Co.
51. Internet51. Toiletries/Cosmetics
52. Retail (Special Lines)52. Trucking/Transp. Leasing
53. Cement and Aggregates53. Shoe
54. Telecom. Equipment54. E-Commerce
55. E-Commerce55. Cement and Aggregates
56. Shoe56. Semiconductor Cap Equip.
57. Homebuilding57. Telecom. Equipment
58. Semiconductor58. Semiconductor
59. Computers and Peripherals59. Computers and Peripherals
60. Semiconductor Cap Equip.60. Homebuilding

-- Thomas Bulkowski

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Friday 7/1/22. Pattern Trading Setups for the Weekend.

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Here's a symbol list of 253 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACIW, AYI, AMD, AJRD, AFL, ATSG, AA, ALL, AMZN, AEE, AEO, AEP, AFG, AMWD, ATR, ARCB, ACGL, ARW, ASH, AGO, ATO, ADSK, AVY, AVA, BALL, BSET, BERY, BBY, BIG, BIO, BKH, BKNG, BOOT, BRC, BMY, BLDR, CACI, CAL, CNP, CRL, CINF, CNO, CGNX, ED, CONN, COP, COST, COTY, CMI, CW, XRAY, DVN, DDS, ^DJU, D, DTE, DUK, EIX, ELV, EOG, EQT, XOM, FICO, FIS, FLS, FORM, FRD, GME, GPS, GD, EVRG, GES, THG, HLIT, HE, HL, HSII, HELE, HP, HNI, DHI, HOV, IDA, NSP, IBP, ITGR, IPAR, JKHY, JNJ, KBH, KELYA, KFRC, LHX, LZB, LDOS, LEN, LMT, MHO, MTSI, M, MANH, MRO, MAS, MDC, MGEE, MLKN, MCO, MS, MUR, NOV, NTGR, NJR, NWL, NEE, NI, JWN, NOC, NWPX, NUS, NVDA, OXY, OGE, ORI, OMCL, OMC, ASGN, OTEX, PKG, PATK, PTEN, PYPL, PNW, POR, PPG, PPL, PG, PGR, PRU, PEG, PHM, KWR, QCOM, RL, RGS, RGA, RNG, RLI, RCKY, ROST, CRM, SLB, SMG, SEIC, SRE, SLGN, SO, SCCO, SWX, SR, SXI, SCS, TPR, TXT, TJX, TOL, RIG, TRV, TREX, SLCA, UNM, VFC, VLO, VRSN, V, VC, WAT, WERN, WU, WSM, WWW, WDAY, XEL, ITA, IAI, IYE, ITB, IHE, IDU, DDM, IAT, IGE, IEO, IYF, IHI, EWA, EWO, EWK, EWG, EPP, EWS, EZA, EWD, EWT, EWU, PPA, PHO, IXC, MXI, XLP, XLE, XLF, XHB, XRT, XLU, UNG, USO. Clink this link for details (pattern type, start and end dates).

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

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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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDTriangle, symmetrical      05/04/202206/30/2022Electronics
ATSGTriangle, symmetrical      03/29/202206/30/2022Air Transport
AEODouble Top, Adam and Adam      06/08/202206/27/2022Apparel
ATRPipe bottom      06/13/202206/21/2022Packaging and Container
BSETUgly double bottom      05/24/202206/16/2022Furn/Home Furnishings
BBBYDead-cat bounce      06/29/202206/29/2022Retail (Special Lines)
CALMPipe bottom      06/06/202206/13/2022Food Processing
CHSHead-and-shoulders top      06/15/202206/28/2022Apparel
DPipe bottom      06/13/202206/21/2022Electric Utility (East)
ELVPipe bottom      06/13/202206/21/2022Medical Services
GISDouble Bottom, Adam and Adam      05/19/202206/16/2022Food Processing
HNIBroadening bottom      04/07/202206/16/2022Furn/Home Furnishings
IDAPipe bottom      06/13/202206/21/2022Electric Utility (West)
JAZZHorn bottom      05/09/202205/23/2022Biotechnology
JBLUDouble Bottom, Adam and Adam      06/16/202206/23/2022Air Transport
LHXPipe bottom      06/13/202206/21/2022Aerospace/Defense
LANCScallop, ascending      05/25/202206/27/2022Food Processing
MRTNTriangle, symmetrical      03/17/202206/30/2022Trucking/Transp. Leasing
NFGDouble Top, Adam and Adam      05/31/202206/08/2022Natural Gas (Diversified)
OMCLHorn bottom      04/25/202205/09/2022Healthcare Information
OMCDouble Bottom, Adam and Adam      06/16/202206/23/2022Advertising
ASGNPipe bottom      06/13/202206/21/2022Human Resources
PETSTriple top      05/26/202206/24/2022Medical Services
RLIPipe bottom      06/13/202206/21/2022Insurance (Prop/Casualty)
SIGIDouble Bottom, Eve and Eve      05/12/202206/13/2022Insurance (Prop/Casualty)
SSYSTriangle, symmetrical      05/04/202206/30/2022Electronics
WRBDouble Bottom, Adam and Adam      06/16/202206/24/2022Insurance (Prop/Casualty)
WATPipe bottom      06/13/202206/21/2022Precision Instrument

 

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