Bulkowski's Blog: ThePatternSite.com
As of 07/11/2024
  Indus: 39,754 +32.39 +0.1%  
  Trans: 15,430 +330.93 +2.2%  
  Utils: 939 +20.22 +2.2%  
  Nasdaq: 18,283 -364.04 -2.0%  
  S&P 500: 5,585 -49.37 -0.9%  
YTD
 +5.5%  
-2.9%  
 +6.5%  
 +21.8%  
 +17.1%  
  Targets    Overview: 06/28/2024  
  Up arrow40,000 or 38,000 by 07/15/2024
  Up arrow15,950 or 14,750 by 07/15/2024
  Up arrow960 or 890 by 07/15/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024
As of 07/11/2024
  Indus: 39,754 +32.39 +0.1%  
  Trans: 15,430 +330.93 +2.2%  
  Utils: 939 +20.22 +2.2%  
  Nasdaq: 18,283 -364.04 -2.0%  
  S&P 500: 5,585 -49.37 -0.9%  
YTD
 +5.5%  
-2.9%  
 +6.5%  
 +21.8%  
 +17.1%  
  Targets    Overview: 06/28/2024  
  Up arrow40,000 or 38,000 by 07/15/2024
  Up arrow15,950 or 14,750 by 07/15/2024
  Up arrow960 or 890 by 07/15/2024
  Up arrow19,200 or 17,800 by 08/01/2024
  Up arrow5,750 or 5,500 by 08/01/2024

July 2024 Headlines

Archives


Friday 7/12/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 254 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, AXDX, AEIS, ATSG, ALRM, AMED, AEE, AEO, AXP, AMGN, AR, AMAT, AWI, AIZ, AGO, AZTA, BCPC, BSET, BECN, BERY, BIIB, BKNG, BMY, BLDR, CDNS, CLS, CX, CNC, CRL, CVX, CLX, CNA, CNO, CGNX, CL, COST, CRH, CCRN, CMI, DECK, DDS, ^DJU, ^DJI, D, DOV, EBAY, ECL, EPAM, EVRG, EXPI, XOM, EZPW, FARO, FTV, GME, GPS, IT, GNW, GL, GPRO, GES, HBI, HAYN, HL, HELE, HOV, IDA, IEX, ITW, ILMN, NSP, IBP, IIIN, ITGR, INTC, TILE, JKHY, JAZZ, KLAC, KSS, KLIC, LZB, LRCX, LEG, LDOS, RAMP, MHO, MTSI, M, MANH, MKTX, MGEE, MCO, MS, MUR, MYGN, ^IXIC, NOV, NEE, NI, JWN, NOVT, NVDA, ON, OUT, OMI, PATK, PDCO, PCTY, PEN, PCG, PNW, PLXS, POR, PPG, PPL, PFG, PRU, PHM, PSTG, QCOM, RHI, ROK, ROST, ^GSPC, CRM, SBH, SEIC, SRE, SMTC, SHW, SKYW, SO, SCCO, LUV, SWN, SXI, SNPS, TPR, TDOC, TDY, TFX, TER, TXN, TXT, TOL, TG, TREX, VFC, VECO, WSO, WSC, WWW, ZBRA, IAI, IYC, IYE, IHE, IDU, FTEC, QTEC, FXL, FXI, BOTZ, QQQ, ICF, IAT, IYZ, IEV, IGV, MXI, IXN, SOXX, SLV, IYF, ITB, IHI, EWA, EWO, EWK, EWC, ECH, EEM, EWG, EWH, EIS, EWI, EWJ, EWM, EPP, EWS, EZA, EWP, EWL, EWT, THD, EWU, QLD, IBB, PPA, DBA, PBE, PXJ, PJP, SSO, ROBO, XLY, GLD, XHB, SPY, XAR, XLK, XLU, USO, SMH, VHT, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ANFTriangle, descending      06/04/202407/10/2024Apparel
AMDDouble Bottom, Eve and Adam      06/18/202407/01/2024Semiconductor
AAPipe bottom      06/10/202406/17/2024Aerospace/Defense
AEODouble Bottom, Adam and Eve      06/20/202407/05/2024Apparel
AIGDouble Bottom, Eve and Adam      06/17/202406/26/2024Insurance (Prop/Casualty)
ACGLDouble Top, Eve and Eve      05/23/202406/25/2024Insurance (Prop/Casualty)
ASHDouble Bottom, Adam and Adam      07/02/202407/09/2024Chemical (Basic)
AGORising wedge      06/06/202407/08/2024Insurance (Life)
AVYDouble Bottom, Adam and Adam      07/02/202407/09/2024Packaging and Container
AVADouble Bottom, Eve and Eve      06/21/202407/09/2024Electric Utility (West)
AXSTriangle, symmetrical      06/14/202407/11/2024Insurance (Prop/Casualty)
BAXDouble Bottom, Eve and Eve      06/11/202407/02/2024Medical Supplies
CNPHead-and-shoulders top      06/12/202407/01/2024Electric Utility (Central)
CIENTriangle, symmetrical      06/13/202407/11/2024Telecom. Equipment
DFSBroadening wedge, ascending      05/29/202406/27/2024Financial Services
DSGRTriangle, symmetrical      04/28/202305/26/2023Metal Fabricating
^DJUDiamond bottom      06/26/202407/08/2024None
EXPTriple bottom      06/25/202407/09/2024Cement and Aggregates
EMRTriple bottom      06/06/202406/26/2024Computers and Peripherals
EPAMUgly double bottom      06/18/202407/10/2024IT Services
EZPWDouble Top, Eve and Eve      06/03/202407/01/2024Financial Services
FTVBroadening top, right-angled and ascending      06/12/202407/11/2024Industrial Services
FCXHead-and-shoulders bottom      06/04/202407/02/2024Metals and Mining (Div.)
GLHead-and-shoulders bottom      05/24/202407/09/2024Insurance (Life)
HQYDouble Top, Eve and Adam      06/12/202407/01/2024Healthcare Information
HLPipe bottom      06/24/202407/01/2024Metals and Mining (Div.)
HPUgly double bottom      06/14/202407/09/2024Petroleum (Producing)
JNJDouble Bottom, Adam and Eve      06/27/202407/05/2024Medical Supplies
KELYAPipe top      06/17/202406/24/2024Human Resources
LHXDouble Bottom, Adam and Adam      05/29/202406/14/2024Aerospace/Defense
LEGDouble Bottom, Adam and Eve      06/27/202407/09/2024Furn/Home Furnishings
LENDouble Top, Adam and Adam      03/28/202405/15/2024Homebuilding
LPLAHead-and-shoulders top      05/31/202407/01/2024Securities Brokerage
MADouble Top, Eve and Adam      05/16/202406/24/2024Financial Services
MRCYDouble Bottom, Adam and Adam      06/20/202406/28/2024Computers and Peripherals
NBRUgly double bottom      06/17/202407/08/2024Oilfield Svcs/Equipment
NEEDouble Bottom, Adam and Eve      06/18/202407/02/2024Electric Utility (East)
NITriangle, symmetrical      05/21/202407/08/2024Electric Utility (Central)
NVDAPipe bottom      06/24/202407/01/2024Semiconductor
OGETriple bottom      06/17/202407/09/2024Electric Utility (Central)
ONBroadening top, right-angled and descending      05/15/202407/11/2024Semiconductor
PNWHead-and-shoulders bottom      06/11/202407/05/2024Electric Utility (West)
PPGDiamond bottom      06/26/202407/05/2024Chemical (Diversified)
KWRDouble Bottom, Eve and Eve      06/21/202407/10/2024Chemical (Specialty)
QCOMPipe bottom      06/24/202407/01/2024Telecom. Equipment
RGADouble Bottom, Eve and Adam      06/13/202407/02/2024Insurance (Life)
ROPDouble Top, Eve and Eve      06/24/202406/28/2024Industrial Services
SRETriangle, symmetrical      06/04/202407/10/2024Electric Utility (West)
SCIRising wedge      05/24/202406/26/2024Industrial Services
SHWDouble Bottom, Adam and Adam      06/25/202407/02/2024Chemical (Basic)
SOBroadening top      06/10/202407/11/2024Electric Utility (East)
SWXDouble Bottom, Adam and Adam      07/01/202407/09/2024Natural Gas (Distributor)
SRHead-and-shoulders bottom      05/29/202407/09/2024Natural Gas (Distributor)
TDYTriple bottom      06/20/202407/05/2024Aerospace/Defense
TPXDiamond bottom      06/26/202407/10/2024Furn/Home Furnishings
UPSRectangle bottom      05/29/202407/11/2024Air Transport
VDouble Top, Adam and Adam      06/07/202406/24/2024Financial Services
WATDouble Bottom, Adam and Adam      07/01/202407/09/2024Precision Instrument
WWWTriple top      05/14/202406/25/2024Shoe
XELHead-and-shoulders top      05/13/202406/04/2024Electric Utility (West)

 

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Thursday 7/11/24. Bitcoin (BTC-USD) Review

The Nasdaq climbed by 1.2% or 218.16 points. Since 02/05/1971 the Nasdaq made 182 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 115 occasions.
     Average loss was -0.9% on 67 occasions.
Expect the Nasdaq to close higher 63.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 279/497 or 56.1% of the time.
     The prediction of the Nasdaq closing lower has been right 77/163 or 47.2% of the time.

Picture of bitcoin.

$ $ $

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

LS, RS, and head are the shoulders and head of a head-and-shoulders bottom chart pattern. It confirmed as valid and the currency climbed and formed another pattern at AB.

AB is a double top, confirmed when the currency closed below the lowest low between A and B. Line C shows the value it needed to close below.

Highlighted in green (which is hard to see), is what I think of as Elliott waves (5 count, motive wave). It's only made 4 legs, so expect another down leg and perhaps additional down legs if there are extensions. I show a possible leg 5 in blue.

$ $ $

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: AEIS, ATSG, ALK, DOX, AR, AAPL, ADM, ANET, ARW, ATO, AVA, BBY, BIO, BMRN, BRC, CX, CHKP, CSCO, CLNE, CNO, CNX, CAG, CTS, ^DJU, ^DJI, DTE, EXC, FICO, FIS, FLEX, FTNT, FTV, FNV, GME, GNW, GPRO, GGG, GFF, HBI, HIG, HE, HQY, HL, HSY, HON, JBHT, HURC, IDA, ILMN, IIIN, INTU, KMT, KSS, LHX, LDOS, MRCY, MCO, MOS, MLI, MUR, MYGN, NOV, NI, NOC, NOVT, NVDA, OLN, ASGN, OMI, PKG, PCTY, PYPL, POR, PINC, PFG, PG, PRU, QCOM, ROST, RGLD, R, SEIC, SIGI, SHW, SKYW, SCS, TEVA, UHAL, VFC, MDRX, V, WSO, WLK, WPM, IYM, IYE, IHE, DDM, FXL, ILF, IYF, EWA, EWK, EWC, EEM, EIS, EWI, EWJ, EWW, EPP, EWS, EZA, EWT, THD, PPA, PBE, PXJ, XLB, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  16,166.85    
 Monthly S1  17,407.15  1,240.30   
 Weekly S2  17,515.13  107.98   
 Monthly Pivot  17,886.73  371.60   
 Weekly S1  18,081.29  194.56   
 Weekly Pivot  18,223.80  142.51   
 Daily S2  18,402.46  178.66   
 Low  18,467.58  65.12   
 Open  18,512.09  44.51   
 Daily S1  18,524.96  12.87   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High  18,539.25  14.29   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  18,561.38  22.14   
 38.2% Down from Intraday High  18,583.52  22.14   
 Daily Pivot  18,590.07  6.55   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  18,647.45  57.38   
 High  18,655.19  7.74   Yes! The High is close to the Close.
 Daily R1  18,712.57  57.38   
 Daily R2  18,777.68  65.12   
 Weekly R1  18,789.96  12.28   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  18,932.47  142.51   
 Monthly R1  19,127.03  194.56   
 Monthly R2  19,606.61  479.58   

Wednesday 7/10/24. A Look at the Chart Pattern Indicator (CPI)

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 vacillation between neutral (white bars) and bearish (red bars) continues. You can see a hint at the bottom of the chart that the CPI is trending lower. We'll see a better view of that on the next chart.

I still think these bars represent a weakening of the general market.

Picture of the chart pattern indicator

Here's the chart which shows the CPI line continuing to drop even as the index rises. That's bearish divergence. It suggests but does not guarantee that the index will following the CPI lower.

Keep in mind that bearish divergence can last for months before anything of significance happens.

$ $ $

Picture of Foresight book

I changed the title of my 'Training "Miles" ' book to "Foresight". Unfortunately, I forgot to check how many other titles used the same name (there's a lot). Oops. If you'd like to buy a copy, click on the link. And if you read the book, please post a review. The new title wiped out the existing reviews. Sigh.

$ $ $

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: AEIS, ALK, AEP, AON, AAPL, AMAT, ANET, ARW, AGO, ATO, AVA, BALL, BSET, BRC, BCO, BMY, BRKR, BBW, COR, CHKP, CHD, CSCO, CLNE, CGNX, CAG, CR, CTS, D, DRQ, DTE, EIX, EVH, EZPW, FDX, FIS, FIVN, FLEX, FLS, FMC, GME, GNW, GL, GPRO, HBI, HTLD, HL, HSII, HELE, TILE, IPI, ISRG, JKHY, K, KEYS, KFRC, LXU, MANH, MAN, MRTN, MTRN, MCO, MUR, NOV, NEU, NUS, NVDA, ASGN, ORCL, OR, OXM, PKG, PTEN, PG, QCOM, ROG, ROL, SCHW, NOW, SKYW, SO, SR, SRDX, TTD, UHAL, VLO, VC, WERN, WSM, WOLF, QTEC, FXL, IGE, IYF, EWO, EWH, PPA, PHO, XLF, XRT, UNG, USO. Click this link for details (pattern type, start and end dates).

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

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

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Tuesday 7/9/24. Slider Trading Quiz!

The Dow dropped by -0.1% or -31.08 points. Since 10/01/1928 the Dow made 1396 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 730 occasions.
     Average loss was -0.7% on 666 occasions.
Expect the Dow to close higher 52.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 289/527 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 54/116 or 46.6% of the time.

$ $ $

I show another slider trading quiz featuring symmetrical triangles, part 2.

$ $ $

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: DDD, ADTN, AFL, AKAM, AEP, AFG, AME, AON, AAPL, ADM, ARW, ATO, BCPC, BSET, BECN, BKH, BA, BCO, CNP, CDAY, CHKP, CVX, CHD, CMCO, ED, GLW, COTY, ^DJT, DTE, EMR, EVRG, EVH, EXPI, EXPD, EZPW, FARO, FIVN, FDP, GES, HOV, JBHT, HUN, IDA, INTC, IRM, K, KELYA, LHX, LZB, LNC, MHO, MANH, MAN, MCHX, MLM, MRCY, MU, MCO, MOS, NBR, ^IXIC, NJR, JWN, NOC, NUS, ASGN, ORCL, OMI, PETS, PLXS, POR, PPG, PEG, PSTG, KWR, RLI, ROL, RES, ^GSPC, SAIA, SIGI, SRE, SKYW, SSYS, TGT, TPX, TDC, TTD, TMO, TKR, TOL, TSCO, UIS, VC, VMC, WSO, WEX, IAI, QTEC, FXL, QQQ, IYZ, IXC, IGE, EWO, EWK, EWH, EIS, EWI, EWP, EWT, QLD, PXJ, XAR, SMH. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Top

© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  37,730.40    
 Monthly S1  38,537.60  807.20   
 Weekly S2  38,873.28  335.68   
 Daily S2  39,049.53  176.25   
 Monthly Pivot  39,054.41  4.88   Yes! The Monthly Pivot is close to the Daily S2.
 Weekly S1  39,109.04  54.62   
 Daily S1  39,197.16  88.13   
 Weekly Pivot  39,273.70  76.54   
 Low  39,278.43  4.73   Yes! The Low is close to the Weekly Pivot.
 Close  39,344.79  66.36   
 Open  39,391.98  47.19   
 61.8% Down from Intraday High  39,422.27  30.29   Yes! The 61.8% Down from Intraday High is close to the Open.
 Daily Pivot  39,426.06  3.79   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  39,466.70  40.64   
 Weekly R1  39,509.45  42.76   
 38.2% Down from Intraday High  39,511.13  1.67   Yes! The 38.2% Down from Intraday High is close to the Weekly R1.
 Daily R1  39,573.69  62.57   
 High  39,654.96  81.27   
 Weekly R2  39,674.12  19.16   Yes! The Weekly R2 is close to the High.
 Daily R2  39,802.59  128.47   
 Monthly R1  39,861.61  59.02   
 Monthly R2  40,378.42  516.82   

Tuesday 7/9/24. Slider Trading Quiz!

The Dow dropped by -0.1% or -31.08 points. Since 10/01/1928 the Dow made 1396 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 730 occasions.
     Average loss was -0.7% on 666 occasions.
Expect the Dow to close higher 52.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 289/527 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 54/116 or 46.6% of the time.

$ $ $

I show another slider trading quiz featuring symmetrical triangles, part 2.

$ $ $

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: DDD, ADTN, AFL, AKAM, AEP, AFG, AME, AON, AAPL, ADM, ARW, ATO, BCPC, BSET, BECN, BKH, BA, BCO, CNP, CDAY, CHKP, CVX, CHD, CMCO, ED, GLW, COTY, ^DJT, DTE, EMR, EVRG, EVH, EXPI, EXPD, EZPW, FARO, FIVN, FDP, GES, HOV, JBHT, HUN, IDA, INTC, IRM, K, KELYA, LHX, LZB, LNC, MHO, MANH, MAN, MCHX, MLM, MRCY, MU, MCO, MOS, NBR, ^IXIC, NJR, JWN, NOC, NUS, ASGN, ORCL, OMI, PETS, PLXS, POR, PPG, PEG, PSTG, KWR, RLI, ROL, RES, ^GSPC, SAIA, SIGI, SRE, SKYW, SSYS, TGT, TPX, TDC, TTD, TMO, TKR, TOL, TSCO, UIS, VC, VMC, WSO, WEX, IAI, QTEC, FXL, QQQ, IYZ, IXC, IGE, EWO, EWK, EWH, EIS, EWI, EWP, EWT, QLD, PXJ, XAR, SMH. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Top

© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  37,730.40    
 Monthly S1  38,537.60  807.20   
 Weekly S2  38,873.28  335.68   
 Daily S2  39,049.53  176.25   
 Monthly Pivot  39,054.41  4.88   Yes! The Monthly Pivot is close to the Daily S2.
 Weekly S1  39,109.04  54.62   
 Daily S1  39,197.16  88.13   
 Weekly Pivot  39,273.70  76.54   
 Low  39,278.43  4.73   Yes! The Low is close to the Weekly Pivot.
 Close  39,344.79  66.36   
 Open  39,391.98  47.19   
 61.8% Down from Intraday High  39,422.27  30.29   Yes! The 61.8% Down from Intraday High is close to the Open.
 Daily Pivot  39,426.06  3.79   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  39,466.70  40.64   
 Weekly R1  39,509.45  42.76   
 38.2% Down from Intraday High  39,511.13  1.67   Yes! The 38.2% Down from Intraday High is close to the Weekly R1.
 Daily R1  39,573.69  62.57   
 High  39,654.96  81.27   
 Weekly R2  39,674.12  19.16   Yes! The Weekly R2 is close to the High.
 Daily R2  39,802.59  128.47   
 Monthly R1  39,861.61  59.02   
 Monthly R2  40,378.42  516.82   

Monday 7/8/24. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

This is a chart of the Nasdaq composite on the daily scale.

There's not much to say about the chart. The Nasdaq keeps going up. It's following a channel shown by the two near-parallel red lines.

The uptrend will continue until it stops. That may sound dumb but it's true. It's how I set my targets at the top of this page. To put it another way, a trend in motion tends to remain in motion.

However, history says that the indices tend to weaken in the summer months. The 2024 forecast, charts 2 through 4, makes this clear. Expect weakness going into August.

Let's wait and see if it happens.

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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: Up 50.66 points.
Tuesday: Up 162.33 points.
Wednesday: Down 23.85 points.
Friday: Up 67.87 points.
Saturday: Holiday or other weird event!

For the Week...

The Dow industrials were up 257.01 points or 0.7%.
The Nasdaq composite was up 620.16 points or 3.5%.
The S&P 500 index was up 106.71 points or 2.0%.

Year to Date...

Dow Industrials
     1.8% down from the high of 40,077.40 on 05/20/2024.
     6.1% up from the low of 37,122.95 on 01/18/2024.
Nasdaq
     0.1% down from the high of 18,366.31 on 07/05/2024.
     26.8% up from the low of 14,477.57 on 01/05/2024.
S&P 500
     0.1% down from the high of 5,570.33 on 07/05/2024.
     18.9% up from the low of 4,682.11 on 01/05/2024.

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  39,090  39,233  39,312  39,455  39,534 
Weekly  38,884  39,130  39,284  39,530  39,684 
Monthly  37,741  38,558  39,065  39,882  40,389 
S&P500 (^GSPC): Daily  5,518  5,542  5,556  5,581  5,595 
Weekly  5,404  5,486  5,528  5,610  5,652 
Monthly  5,121  5,344  5,457  5,680  5,793 
Nasdaq (^IXIC): Daily  18,136  18,244  18,305  18,414  18,475 
Weekly  17,417  17,885  18,126  18,594  18,834 
Monthly  16,069  17,211  17,789  18,931  19,508 

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 8 days.

Here's a symbol list of 155 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, AMD, AES, A, AEE, AFG, AME, APOG, AAPL, AIZ, ATO, BMI, BSET, BIG, BKH, BMY, BLDR, CBT, CDAY, CHKP, CIEN, CINF, CNA, CMCO, CXW, GLW, COTY, CR, CCK, CMI, CW, EMN, ELV, EQT, EVRG, EZPW, FLS, GE, GNW, GL, HLIT, HTLD, HL, HUN, HURC, IDA, IEX, IDXX, IIIN, ITGR, IBKR, INTU, JKHY, KALU, K, KELYA, LAMR, LDOS, LPLA, M, MAS, META, MU, MLKN, MCO, MOS, ^IXIC, NFLX, NOC, NWPX, ORI, OLN, OR, OMI, PETS, PNW, PPL, RJF, RNG, ^GSPC, SAIA, CRM, SAND, SMG, SEE, SEIC, SKX, SMAR, LUV, SR, TPR, TTD, TKR, TOL, TG, TWLO, WSO, WERN, WU, WPM, WSM, WDAY, ITA, FTEC, QQQ, IHF, IEV, IXC, IXN, SLV, EWO, EWK, EWC, EEM, EWG, EIS, EWJ, EPP, EWY, EWP, THD, TUR, EWU, QLD, DBA, PBE, PXJ, PHO, SSO, GLD, XHB, XRT, UNG, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Semiconductor Cap Equip.1. Shoe
2. Shoe2. Semiconductor Cap Equip.
3. Semiconductor3. Apparel
4. Telecom. Equipment4. Retail (Special Lines)
5. Retail (Special Lines)5. Semiconductor
6. Computers and Peripherals6. Telecom. Equipment
7. Apparel7. Drug
8. Retail Store8. Retail Store
9. Long ETFs9. Computers and Peripherals
10. Industrial Services10. Industrial Services
Best Performing AboveWorst Performing Below
50. Homebuilding50. Healthcare Information
51. Chemical (Basic)51. Chemical (Specialty)
52. Healthcare Information52. Chemical (Basic)
53. Medical Services53. Medical Supplies
54. Trucking/Transp. Leasing54. Information Services
55. Electric Utility (West)55. Trucking/Transp. Leasing
56. Chemical (Diversified)56. Oilfield Svcs/Equipment
57. Oilfield Svcs/Equipment57. Chemical (Diversified)
58. Human Resources58. Short ETFs
59. Toiletries/Cosmetics59. Human Resources
60. Short ETFs60. Toiletries/Cosmetics

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

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Friday 7/5/24. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 127 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, AA, DOX, AEE, AFG, AMGN, AMN, ANIK, AAPL, ACGL, AGO, ATO, BMRN, BOOT, BSX, BMY, CLS, CENX, CHKP, CLF, CNA, CMTL, CXW, GLW, CCK, EXP, ELV, EG, EVRG, FFIV, FDS, FDX, FNV, FDP, GME, GD, GE, GL, GOOGL, GPRO, GFF, HQY, HSIC, HUM, IEX, ITGR, IBKR, IPI, ISRG, JAZZ, KALU, KELYA, KEYS, KSS, LLY, LXU, MCHX, MA, MTRX, META, MLKN, MYGN, NFLX, NEU, OTEX, PFE, RRC, RNG, RGLD, ^GSPC, SAND, SIGI, SCI, SCCO, SR, TPR, TDOC, TEVA, TTD, TSCO, TREX, V, VC, WSO, IYC, IHE, FXI, IHF, IEV, ILF, SLV, IYF, IHI, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWJ, EWM, EPP, EWS, EWT, PJP, SSO, ROBO, XLY, GLD, XRT, VHT. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDPipe top      06/03/202406/10/2024Electronics
ALKTriangle, descending      05/29/202407/03/2024Air Transport
ALLTriangle, symmetrical      06/17/202407/03/2024Insurance (Prop/Casualty)
AMGNDouble Bottom, Adam and Eve      05/30/202406/13/2024Biotechnology
AIZFalling wedge      05/23/202407/03/2024Insurance (Diversified)
AGOBroadening bottom      05/15/202406/27/2024Insurance (Life)
ADPThree Falling Peaks      05/22/202406/24/2024IT Services
AZTADouble Top, Adam and Eve      06/12/202406/24/2024Semiconductor Cap Equip.
BECNTriple top      04/05/202406/12/2024Retail Building Supply
BIODouble Top, Adam and Adam      05/15/202406/17/2024Medical Supplies
BIIBTriangle, ascending      05/15/202407/03/2024Biotechnology
BADouble Bottom, Adam and Adam      06/20/202406/25/2024Aerospace/Defense
BRDouble Bottom, Adam and Eve      05/30/202406/14/2024Information Services
CALMDouble Bottom, Eve and Adam      06/10/202406/21/2024Food Processing
CORUgly double bottom      05/29/202406/12/2024Biotechnology
CENXPipe bottom      06/10/202406/17/2024Metals and Mining (Div.)
CVXHead-and-shoulders complex top      04/12/202405/31/2024Petroleum (Integrated)
CIDouble Top, Adam and Adam      05/31/202406/24/2024Medical Services
CINFHead-and-shoulders bottom      06/05/202406/26/2024Insurance (Prop/Casualty)
CLNEHead-and-shoulders top      05/10/202406/24/2024Natural Gas (Distributor)
CGNXPipe bottom      06/03/202406/10/2024Precision Instrument
CONNDead-cat bounce      06/24/202406/27/2024Retail (Special Lines)
DHRDouble Top, Eve and Eve      05/22/202406/06/2024Medical Services
FANGDouble Bottom, Adam and Adam      06/04/202406/17/2024Petroleum (Producing)
^DJIBroadening top      01/03/202401/19/2024None
DRQTriangle, symmetrical      05/31/202407/03/2024Oilfield Svcs/Equipment
DUKDouble Top, Adam and Adam      05/21/202406/04/2024Electric Utility (East)
EMRBroadening top, right-angled and ascending      06/06/202406/27/2024Computers and Peripherals
EOGDouble Bottom, Adam and Adam      06/04/202406/14/2024Natural Gas (Distributor)
EXPDThree Rising Valleys      05/01/202406/14/2024Air Transport
FICOUgly double bottom      04/26/202405/31/2024IT Services
FLSBroadening wedge, descending      05/22/202406/24/2024Machinery
FTNTDouble Bottom, Adam and Adam      06/20/202406/26/2024Computer Software and Svcs
GDTriple top      05/21/202406/24/2024Aerospace/Defense
GSHead-and-shoulders bottom      05/30/202406/27/2024Securities Brokerage
THGDouble Bottom, Adam and Adam      06/14/202406/26/2024Insurance (Prop/Casualty)
HTLDUgly double bottom      04/30/202405/29/2024Trucking/Transp. Leasing
HNIHead-and-shoulders bottom      06/10/202406/26/2024Furn/Home Furnishings
HOLXDouble Bottom, Eve and Adam      06/20/202406/26/2024Medical Supplies
JBHTDiamond bottom      05/23/202407/03/2024Trucking/Transp. Leasing
INTCTriangle, symmetrical      06/12/202407/03/2024Semiconductor
KFRCHead-and-shoulders bottom      05/30/202406/17/2024Human Resources
LAMRBroadening top, right-angled and descending      01/22/202402/21/2024Advertising
LENDouble Top, Eve and Adam      06/03/202406/12/2024Homebuilding
LDouble Bottom, Eve and Eve      05/29/202406/14/2024Insurance (Prop/Casualty)
MHOBroadening bottom      05/23/202406/21/2024Homebuilding
MRTNBroadening top      05/14/202406/28/2024Trucking/Transp. Leasing
MOSPipe bottom      06/10/202406/17/2024Chemical (Diversified)
NBRPipe bottom      06/10/202406/17/2024Oilfield Svcs/Equipment
NKEDead-cat bounce      06/28/202406/28/2024Shoe
NTNXDouble Bottom, Eve and Eve      06/07/202406/20/2024E-Commerce
OTEXPipe bottom      06/03/202406/10/2024E-Commerce
OXMTriangle, symmetrical      06/12/202407/03/2024Apparel
PKEDouble Bottom, Eve and Eve      06/10/202406/17/2024Chemical (Specialty)
PAYXDouble Top, Adam and Adam      05/22/202406/24/2024IT Services
PNWDouble Top, Eve and Eve      05/21/202405/31/2024Electric Utility (West)
PGDouble Top, Adam and Eve      06/07/202406/24/2024Household Products
PGRMulti-peaks      03/18/202407/03/2024Insurance (Prop/Casualty)
PRUPipe bottom      06/10/202406/17/2024Insurance (Life)
PHMTriple top      04/01/202405/16/2024Homebuilding
PSTGPipe top      06/10/202406/17/2024Computers and Peripherals
DGXDouble Bottom, Eve and Eve      06/20/202406/28/2024Medical Services
RLHead-and-shoulders top      05/31/202406/25/2024Apparel
RMBSTriple bottom      05/01/202406/25/2024Semiconductor Cap Equip.
RTXHead-and-shoulders top      05/23/202406/24/2024Aerospace/Defense
RGSFlag, high and tight      06/07/202406/27/2024Toiletries/Cosmetics
RNGDouble Bottom, Adam and Adam      06/20/202406/27/2024Computer Software and Svcs
RBroadening bottom      05/28/202406/12/2024Trucking/Transp. Leasing
CRMUgly double bottom      05/30/202406/17/2024E-Commerce
SLBDouble Bottom, Eve and Adam      06/06/202406/14/2024Oilfield Svcs/Equipment
SEEHead-and-shoulders top      05/17/202406/12/2024Packaging and Container
SEICDouble Bottom, Adam and Adam      06/10/202406/17/2024IT Services
SIGIDouble Bottom, Adam and Adam      06/14/202406/26/2024Insurance (Prop/Casualty)
NOWPipe bottom      05/28/202406/03/2024IT Services
STRDouble Bottom, Adam and Adam      06/04/202406/17/2024Natural Gas (Diversified)
SKXDouble Top, Adam and Eve      06/12/202406/25/2024Shoe
SCSDouble Bottom, Adam and Adam      06/10/202406/20/2024Furn/Home Furnishings
TPRHead-and-shoulders complex top      05/16/202407/01/2024Apparel
TDCDouble Bottom, Adam and Eve      05/07/202405/31/2024Computer Software and Svcs
TERTriangle, symmetrical      06/12/202407/02/2024Semiconductor Cap Equip.
UHALTriangle, symmetrical      05/30/202407/03/2024Trucking/Transp. Leasing
WPMTriangle, descending      06/04/202406/27/2024Metals and Mining (Div.)
WSMPipe top      06/10/202406/17/2024Retail (Special Lines)
WDAYDouble Bottom, Adam and Eve      05/30/202406/13/2024Computer Software and Svcs
ZBRADouble Bottom, Adam and Eve      06/10/202406/21/2024Computers and Peripherals

 

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Wednesday 7/3/24. 2024 Forecast Update

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

$ $ $

Here's a symbol list of 155 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, AMD, A, ALK, DOX, AIG, AME, APH, AON, AAPL, AMAT, AVA, AZTA, BCPC, BERY, BKNG, BOOT, BG, CDNS, CLS, CNP, CDAY, CHKP, CI, CTAS, CLX, CNO, CNX, CGNX, CONN, CXW, GLW, CRH, CROX, CMI, DHR, DDS, ^DJI, DUK, EME, EG, FDS, FISV, FIVN, FLS, FTNT, GPS, GD, GFS, GFF, GES, THG, HQY, HP, DHI, HURC, IBP, IPI, KBH, K, KELYA, KMT, KLAC, KLIC, LRCX, LEN, LNC, MHO, MTSI, MAS, MA, MTRN, MDT, MRCY, MCO, MYGN, NBR, ORI, OTEX, PKG, PKE, PATK, PTEN, PFE, POR, PRU, PHM, RMBS, RGA, RNG, SAND, SCHW, SEE, SHW, STR, SMAR, SCCO, TPR, TDC, TER, TKR, TOL, TDG, TZOO, UGI, VFC, VC, WMT, WSO, WU, WMB, IYC, DDM, FXL, IAT, ILF, SLV, IYF, ITB, EWC, EWH, EWJ, EWM, EWW, EWS, EWD, EWT, THD, TUR, PJP, PHO, SSO, ROBO, XLF, XHB, XLB, XRT, SPY, XAR, UNG. Click this link for details (pattern type, start and end dates).

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

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

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Wednesday 7/3/24. 2024 Forecast Update

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

$ $ $

Here's a symbol list of 155 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, AMD, A, ALK, DOX, AIG, AME, APH, AON, AAPL, AMAT, AVA, AZTA, BCPC, BERY, BKNG, BOOT, BG, CDNS, CLS, CNP, CDAY, CHKP, CI, CTAS, CLX, CNO, CNX, CGNX, CONN, CXW, GLW, CRH, CROX, CMI, DHR, DDS, ^DJI, DUK, EME, EG, FDS, FISV, FIVN, FLS, FTNT, GPS, GD, GFS, GFF, GES, THG, HQY, HP, DHI, HURC, IBP, IPI, KBH, K, KELYA, KMT, KLAC, KLIC, LRCX, LEN, LNC, MHO, MTSI, MAS, MA, MTRN, MDT, MRCY, MCO, MYGN, NBR, ORI, OTEX, PKG, PKE, PATK, PTEN, PFE, POR, PRU, PHM, RMBS, RGA, RNG, SAND, SCHW, SEE, SHW, STR, SMAR, SCCO, TPR, TDC, TER, TKR, TOL, TDG, TZOO, UGI, VFC, VC, WMT, WSO, WU, WMB, IYC, DDM, FXL, IAT, ILF, SLV, IYF, ITB, EWC, EWH, EWJ, EWM, EWW, EWS, EWD, EWT, THD, TUR, PJP, PHO, SSO, ROBO, XLF, XHB, XLB, XRT, SPY, XAR, UNG. Click this link for details (pattern type, start and end dates).

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

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

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Tuesday 7/2/24. Slider Trading Quiz!

The Dow climbed by 0.1% or 50.66 points. Since 10/01/1928 the Dow made 1417 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.5% on 728 occasions.
     Average loss was -0.6% on 689 occasions.
Expect the Dow to close higher 51.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 288/526 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 54/116 or 46.6% of the time.

$ $ $

I show another slider trading quiz featuring ascending triangles, part 2 .

$ $ $

Here's a symbol list of 191 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ABM, AEIS, AKAM, AA, AMED, AR, APOG, AAPL, AWI, ADP, AVA, AZTA, BAX, BERY, BBY, BIIB, BA, BRC, BCO, BLDR, CAL, COR, CNP, CENX, CRL, CHKP, CI, CTAS, CLNE, CLX, CAG, GLW, COTY, CR, CCRN, CTS, DDS, DFS, DOV, DRQ, DTE, DUK, EXP, EMN, EBAY, EIX, EME, EMR, EQT, EG, FFIV, FIS, FIVN, FLEX, FLS, FMC, FTNT, FTV, FNV, GME, GPS, IT, GNW, GGG, GES, HLIT, HP, HSY, HOV, HUN, IDA, IEX, ITW, IBP, ITGR, IPAR, IPI, ISRG, KBH, K, KELYA, KMT, KEYS, KFRC, LHX, LEN, RAMP, MHO, MTSI, MCHX, MLM, MAS, MTRN, MTRX, MDT, MOS, MUR, NBR, NOV, NTGR, NOVT, OGE, OR, OUT, PANW, PATK, PTEN, PAYX, PNW, POR, PPG, PPL, PRU, KWR, RGS, ROG, R, SLB, SEE, SHW, SKYW, LUV, SR, SXI, SCS, SUM, SRDX, SNPS, TGT, TMO, TKR, TOL, TDG, TZOO, UGI, VFC, WAT, WSO, WEX, WMB, WOLF, WWW, XEL, ITA, IYK, IYC, IDU, FXI, BOTZ, IHF, IYZ, ILF, IYF, EWA, EWO, EWK, EWM, THD, DBA, PEJ, PXJ, PJP, PHO, XHB, XLB, XRT, XLU, UNG, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  37,343.63    
 Monthly S1  38,256.58  912.95   
 Weekly S2  38,554.34  297.76   
 Daily S2  38,814.85  260.51   
 Weekly S1  38,861.93  47.08   
 Monthly Pivot  38,913.90  51.97   
 Daily S1  38,992.19  78.29   
 Low  39,037.94  45.75   
 Close  39,169.52  131.58   
 Open  39,186.20  16.68   Yes! The Open is close to the Close.
 61.8% Down from Intraday High  39,190.90  4.70   Yes! The 61.8% Down from Intraday High is close to the Open.
 Daily Pivot  39,215.27  24.37   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 Weekly Pivot  39,216.58  1.30   Yes! The Weekly Pivot is close to the Daily Pivot.
 50% Down from Intraday High  39,238.15  21.57   Yes! The 50% Down from Intraday High is close to the Weekly Pivot.
 38.2% Down from Intraday High  39,285.40  47.25   
 Daily R1  39,392.61  107.21   
 High  39,438.36  45.75   
 Weekly R1  39,524.17  85.81   
 Daily R2  39,615.69  91.52   
 Monthly R1  39,826.85  211.16   
 Weekly R2  39,878.82  51.97   
 Monthly R2  40,484.17  605.35   

Monday 7/1/24. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

This shows the Dow industrials on the daily scale.

On the far left is a chart pattern called a broadening bottom. The index broke out upward from the pattern and made a good rise.

Toward the center right of the chart are two converging red trendlines. They outline another chart pattern called a symmetrical triangle. This chart pattern also had an upward breakout and prices climbed away from the pattern.

The longer diagonal red line is a trendline. I wanted to see where support was and how the valleys touched the line. The January low is not on the trendline, which I found disappointing, so I didn't connect it. I would expect the trendline to support the index should it drop that far sometime in the future.

The chart seems to show a sideways move from February onward. The 2024 forecast shows the Dow dropping going into August, so expect weakness from here. I'll update the forecast on Wednesday's post.

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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: Up 260.88 points.
Tuesday: Down 299.05 points.
Wednesday: Up 15.64 points.
Thursday: Up 36.26 points.
Friday: Down 45.2 points.

For the Week...

The Dow industrials were down 31.47 points or 0.1%.
The Nasdaq composite was up 43.24 points or 0.2%.
The S&P 500 index was down 4.14 points or 0.1%.

Year to Date...

Dow Industrials
     2.4% down from the high of 40,077.40 on 05/20/2024.
     5.4% up from the low of 37,122.95 on 01/18/2024.
Nasdaq
     1.7% down from the high of 18,035.00 on 06/28/2024.
     22.5% up from the low of 14,477.57 on 01/05/2024.
S&P 500
     1.1% down from the high of 5,523.64 on 06/28/2024.
     16.6% up from the low of 4,682.11 on 01/05/2024.

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  38,660  38,889  39,167  39,396  39,673 
Weekly  38,537  38,828  39,200  39,490  39,862 
Monthly  37,327  38,223  38,897  39,793  40,467 
S&P500 (^GSPC): Daily  5,406  5,433  5,478  5,506  5,551 
Weekly  5,400  5,430  5,477  5,507  5,554 
Monthly  5,060  5,260  5,392  5,592  5,724 
Nasdaq (^IXIC): Daily  17,519  17,626  17,830  17,937  18,142 
Weekly  17,213  17,473  17,754  18,014  18,295 
Monthly  15,815  16,774  17,404  18,363  18,994 

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 over.

Here's a symbol list of 154 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACIW, AEIS, AES, ALK, AA, ALGT, DOX, ANIK, APOG, AAPL, ATR, BALL, BAX, BERY, BA, BOOT, BAH, BCO, CAL, COR, CENX, CHKP, CI, CTAS, CLNE, CLF, CTSH, ED, CXW, COST, XRAY, DFS, ^DJU, D, EIX, EME, EQT, EG, EXPD, FAST, FE, FMC, FWRD, FNV, GFF, HLIT, HE, HP, HWM, HUM, ILMN, INFN, IBP, IIIN, IPAR, INTU, JAZZ, KALU, KMT, KEYS, KLIC, LHX, LZB, LAMR, LEG, LDOS, LPLA, MTSI, M, MAN, MRTN, MA, MDT, MGEE, MU, MSFT, MOS, MUR, NBR, ^IXIC, NTGR, NKE, NUS, NTNX, ORI, OMI, OXM, PATK, PETS, POR, PPL, PRU, PSTG, KWR, RL, RCKY, ROG, ^GSPC, SEE, SKYW, SR, SCS, TPX, TEVA, TDG, TZOO, TREX, V, WU, WSC, WOLF, WWW, WWD, XEL, ITA, IYC, IEZ, FXI, QQQ, IYZ, IYF, EWA, EWK, EWQ, EWH, EWJ, THD, QLD, IBB, PPA, PBE, SSO, SPY, XLU, USO, VIS, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Shoe1. Shoe
2. Semiconductor Cap Equip.2. Semiconductor Cap Equip.
3. Apparel3. Retail (Special Lines)
4. Retail (Special Lines)4. Telecom. Equipment
5. Semiconductor5. Apparel
6. Telecom. Equipment6. Semiconductor
7. Drug7. Drug
8. Retail Store8. Industrial Services
9. Computers and Peripherals9. Retail Store
10. Industrial Services10. Long ETFs
Best Performing AboveWorst Performing Below
50. Healthcare Information50. Chemical (Basic)
51. Chemical (Specialty)51. Electric Utility (West)
52. Chemical (Basic)52. Air Transport
53. Medical Supplies53. Information Services
54. Information Services54. Medical Supplies
55. Trucking/Transp. Leasing55. Chemical (Diversified)
56. Oilfield Svcs/Equipment56. Trucking/Transp. Leasing
57. Chemical (Diversified)57. Oilfield Svcs/Equipment
58. Short ETFs58. Short ETFs
59. Human Resources59. Human Resources
60. Toiletries/Cosmetics60. Toiletries/Cosmetics

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

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