As of 07/22/2025   Indus: 44,502 +179.37 +0.4%     Trans: 16,111 +270.14 +1.7%     Utils: 1,089 +13.05 +1.2%     Nasdaq: 20,893 -81.48 -0.4%     S&P 500: 6,310 +4.02 +0.1%	YTD  +4.6%    +1.4%    +10.8%    +8.2%    +7.3%	Targets    Overview: 07/15/2025     45,300 or 43,000 by 08/01/2025   17,400 or 15,000 by 08/01/2025   1,140 or 1,025 by 08/01/2025   21,300 or 19,600 by 08/01/2025   6,425 or 6,000 by 08/01/2025
Chart Pattern Indicator: on 7/21/25

As of 07/22/2025   Indus: 44,502 +179.37 +0.4%     Trans: 16,111 +270.14 +1.7%     Utils: 1,089 +13.05 +1.2%     Nasdaq: 20,893 -81.48 -0.4%     S&P 500: 6,310 +4.02 +0.1%	YTD  +4.6%    +1.4%    +10.8%    +8.2%    +7.3%
Targets    Overview: 07/15/2025     45,300 or 43,000 by 08/01/2025   17,400 or 15,000 by 08/01/2025   1,140 or 1,025 by 08/01/2025   21,300 or 19,600 by 08/01/2025   6,425 or 6,000 by 08/01/2025
Chart Pattern Indicator: on 7/21/25

Wednesday 7/23/25. A Look at the Chart Pattern Indicator (CPI)

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

The most recent signal change happened yesterday (Monday) when the CPI turned green. That's the vertical bar on the far right of the chart. It is bullish with a reading of 87.1 where 100 is max and 0 is min.

The inset shows the CPI line, how it shot up in the last week. Based only on what we see in the inset, it's as if the indicator peaks and then tumbles. So look for the CPI to drop, perhaps pulling the market down with it (that's not accurate, really. It's general market weakness that will shove the indicator around).

In the past, when the CPI turned bearish (red bar), the index often dropped but not by much (a few hundred points). Because signals can change for up to a week, we might still have a bearish CPI reading (meaning the green bar and white bars could disappear). So be cautious about being bullish. With Trump trying to deflect attention away from the Epstein files, there's no telling what trouble he'll start. He's already spouting nonsense about Obama. It all makes you wonder what Trump is hiding. My guess is the more Trump tries to deflect, the worse the truth about his past behaviour must be.

$ $ $

Here's a symbol list of 146 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACN, AYI, AMZN, AMED, AEO, APH, ARCB, ADM, AZTA, BZH, BIIB, BMRN, BFH, BCO, BBW, BLDR, CBT, CAL, CF, CRL, CIEN, CLF, CMCO, CMTL, GLW, CROX, CCRN, CW, XRAY, DDS, ^DJT, DOV, DTE, EMN, EBAY, ECL, EFX, EQT, EVRG, FAST, FRD, GME, GPN, GL, GS, GPRO, HBI, HNI, HON, HWM, IDA, IEX, PODD, IPAR, JAZZ, KBH, KMT, KEYS, KLAC, KSS, RAMP, LMT, MA, MTRX, MRK, META, MSFT, MLI, NBR, ^IXIC, NTGR, NTAP, NOC, NTNX, ORI, ON, OXM, PANW, PKE, PTEN, PPL, PEG, PSTG, RRC, RGS, SAIA, SBH, SCHW, STR, SKX, SO, SR, TFX, TXT, TKR, RIG, WRB, WPM, WWW, WWD, WDAY, ZBRA, IYK, IEZ, IHE, DDM, QQQ, ICF, IYH, IGE, EWK, EWZ, EWC, EWH, EWL, QLD, IBB, DBA, PBE, PJP, XLP, GLD, XLV, XLB, XRT, UNG, VHT, 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.

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

Tuesday 7/22/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Teradyne: TER stock.

$ $ $

Here's a symbol list of 153 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AYI, AFL, AA, ALKS, AMZN, AMED, AFG, AIG, AMWD, ANIK, AR, AON, ADM, ANET, AGO, AVA, AXS, BBY, BKH, BA, BRC, BRKR, CPB, CLS, CENX, CDAY, CIEN, CLF, CNA, CNX, CTSH, CL, CAG, CXW, CMI, CW, DDS, D, DTE, ECL, ELV, EMR, EL, FICO, FISV, FTNT, FNV, FCX, FRD, IT, GD, GL, GS, GPRO, HE, HL, HELE, HSY, HWM, JBHT, PODD, LEN, RAMP, L, MRK, MOS, MLI, NTAP, NJR, NWL, NEU, NEE, NTNX, OGE, OTEX, OUT, PCTY, PETS, POR, PPL, PRU, PEG, PSTG, RMBS, RRC, RJF, RNG, ROP, RGLD, R, SAIA, SIGI, SRE, SCI, SHOP, SO, SCCO, SPSC, SCS, SRDX, TDC, TER, TEVA, VECO, VRSN, WRB, WPM, WWW, WWD, ZBRA, IYM, IYC, QTEC, FXL, IYZ, IGV, MXI, SLV, IEO, IYF, EWO, EWK, EWG, EWJ, EWS, EZA, EWY, EWD, TUR, EWU, PJP, XLY, GLD, XLB, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Monday 7/21/25. Market Monday: The Week Ahead

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

My Prediction

I show the Dow utilities on the daily scale.

I don't have a lot to say about the index this week. The basic shape follows a rounded turn, as I show with the red line. I'm using the Windows Paint program to draw the arc, so the arc isn't as well drawn as it could be near the start.

Regardless, the rounded shape becomes clear. I threw in the green trendline because those few peaks lined up. When combined with the red line, that section (green + red beneath the green) is like a symmetrical triangle.

What does it all mean? The index made a big move up on Friday as the chart shows. I think you'll see the index climb (but not at a such a steep slope) over the coming week.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

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

Here's a symbol list of 183 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, ACIW, A, AMWD, AME, AMGN, APH, ANIK, ANET, AVNT, AVA, AXS, BCPC, BIO, BIIB, BKH, BA, BAH, BSX, BRKR, CBT, CPB, CENX, CRL, CIEN, CLNE, CNX, CTSH, CL, CMCO, CMTL, CXW, CCRN, CSGS, CTS, DHR, DVN, DDS, ^DJT, EMN, ELV, EVH, EXC, EXPI, EXPD, FDS, FICO, FISV, GAP, GD, GL, GPRO, GES, THG, HE, HQY, HL, HELE, HSIC, HNI, HON, HUBG, JBHT, IDA, IDXX, ITW, ILMN, IBP, IBKR, INTU, KBH, K, KLIC, LH, LAMR, LEN, RAMP, LPLA, MHO, MTDR, MTRN, MRCY, MLKN, MCO, MOS, MLI, NTAP, NEU, NWPX, NOVT, NTNX, OXY, OLN, OMCL, OTEX, OUT, OMI, PATK, PYPL, PFE, PLXS, PPG, PINC, PFG, PRU, PHM, RMBS, RJF, REGN, RGS, RNG, RCKY, ROG, RES, R, SAIA, SCHW, SEE, SEIC, SIGI, SRE, SMTC, SO, SPSC, SCS, SSYS, TFX, TDC, TER, TMO, TRV, TZOO, TG, UPS, VLO, VECO, MDRX, VRTX, WAT, WERN, WU, WLK, WWW, QTEC, FXL, FXI, IAT, IEV, ILF, EWO, EWK, EWQ, EWG, EWH, EWM, EPP, EWS, EZA, EWD, EWT, THD, TUR, IBB, PJP, GLD, XLU. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 7/18/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 119 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AEIS, APD, AFG, AIG, AMN, ANET, AGO, AXS, BCO, BMY, BG, CACI, CDNS, CALM, CENX, CIEN, CLX, CNO, CNX, CGNX, CTSH, CL, CAG, GLW, CW, DDS, EIX, EVH, EXPI, FICO, FNV, IT, GE, GNW, GPN, GL, GOOGL, GES, HBI, HIG, HL, IEX, ITW, ILMN, PODD, IPAR, JAZZ, KELYA, LEG, LEN, RAMP, MKTX, MTDR, MU, MOS, MUR, NBR, NEE, OTEX, ORCL, PFG, PEG, RMBS, REGN, RGA, RNG, ROL, RGLD, SAIA, SEE, SRE, SMTC, NOW, SLGN, SKX, SGI, SO, LUV, SRDX, TGT, TDC, TXT, TKR, RIG, UHAL, VMI, VECO, WWD, ZBRA, IYC, FDN, BOTZ, IYZ, ILF, IYF, EWA, ECH, EWG, EWM, EPP, EWP, EWT, THD, PPA, PBE, PXJ, PHO, ROBO, XLI, XAR, VIS. Click this link for details (pattern type, start and end dates).

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

$ $ $

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), Orb Foresight (#Ad)

Thursday 7/17/25. Intraday Market Direction: Nasdaq

$ $ $

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

At A, the chart shows a rectangle top. The index moved sideways for almost four full days.

Recently, we see a small head-and-shoulders bottom chart pattern. I mark the chart as LS (left shoulder), Head, and RS (right shoulder). Yes, it's hard to see the shoulders. The pattern confirmed as valid when the index closed above the right armpit (the tallest peak between the head and right shoulder).

The head-and-shoulders pattern suggests an upward move in the index, which has already begun.

$ $ $

For those Windows 10 users, have you noticed that in the last few months your boot time on your desktop computer has climbed from about 30 seconds to minutes (2-3 minutes in my case)? I believe that's because Microsoft has programmed the operating system to check for updates daily instead of once a month. My guess is it's a ploy to get you to upgrade to Windows 11.

$ $ $

Here's a symbol list of 106 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AFL, DOX, AEP, AIG, AMGN, ANIK, AXS, BKH, BG, CNP, CIEN, CLNE, CNX, CTSH, CL, ED, DECK, DVN, DTE, DUK, EQT, FICO, FARO, FAST, FRD, IT, GE, GPN, GPRO, HE, HL, HELE, HWM, JBHT, HUN, IDA, IDXX, PODD, IPI, JAZZ, JNJ, LEN, RAMP, M, MANH, MLM, MTRX, MRCY, MU, MOS, NTGR, NJR, NTNX, ORI, OMCL, ASGN, OTEX, PFG, PGR, PRU, PEG, QTWO, RL, RMBS, RRC, REGN, RNG, RLI, RES, SAIA, SCHW, SMTC, SCI, SHOP, SO, SRDX, TPR, TRGP, TGT, TDC, TXN, TXT, TJX, TZOO, VFC, VECO, VC, WRB, WPM, WOLF, IYH, IXN, ECH, EEM, EWM, EWP, TUR, DBA, PBE, XLF. 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), Orb Foresight (#Ad)

Wednesday 7/16/25. A Look at the Chart Pattern Indicator (CPI)

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

The CPI turned not just bearish, but very bearish with a reading of 2.5 out of 100, where 0 is the lowest it can go. The vertical red line on the far right of the chart shows this signal. Notice that the index continues to rise (or go horizontal) even as the CPI has dropped.

The inset shows the CPI indicator for the last month or so. It's been signaling trouble from about July 1. That's when it peaked.

A strong recovery in the index could erase the bearish signal (that can happen for up to 7 days), but until that occurs, then look for the index to tumble. Before I looked at this data this evening, I thought everything was peachy, so my targets suggest an improving market. But you have tariffs approaching (August) and the FED (late July) might not cut interest rates.

I think we can conclude that the markets are entering another period of volatility. That might help Ronda who is looking to buy low and sell high but for others, they might own something bought high and sell just as it bottoms. So be careful.

$ $ $

Here's a symbol list of 249 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ABM, ACIW, AEIS, AMD, AFL, A, APD, AKAM, ALRM, ALK, ALB, AMZN, DOX, AIG, AMGN, APA, ATR, ARCB, ANET, AWI, ARW, BMI, BCPC, BALL, BAX, BZH, BIO, BMRN, BKH, BOOT, BAH, CALM, CAL, CX, CRL, CIEN, CTAS, CLNE, CNO, CNX, CTSH, CL, CSGP, CRH, CCK, DHR, DECK, DDS, ^DJI, DOV, ECL, EIX, EME, EFX, EXC, EXPI, FFIV, FICO, FARO, FNV, FRD, IT, GE, GMS, GS, GPRO, HLIT, HE, HTLD, HL, HSII, HNI, DHI, JBHT, IEX, IDXX, INCY, NSP, IBP, IIIN, PODD, INTC, IPI, IRM, JBLU, KALU, KBH, KEYS, KSS, LH, LDOS, LEN, LLY, RAMP, LXU, M, MLM, MAS, MA, MTRX, MRK, META, MGEE, MLKN, MOS, NBR, NFG, NEU, NWPX, NVDA, OLN, OMCL, ASGN, OTEX, PCG, PPG, PFG, PG, QTWO, DGX, RL, RRC, REGN, RNG, ROG, ROP, ROST, RES, ^GSPC, SAIA, CRM, SBH, SCHW, SAIC, SMG, SRE, SMTC, SHW, SHOP, SLGN, SGI, SCS, TRGP, TGT, TDOC, TDC, TEVA, TXN, TXT, TTD, TZOO, TG, UHAL, UIS, UPS, VFC, VLO, VECO, VRTX, VC, WRB, WAT, WEX, WPM, WSC, WWW, IYM, IYC, IHE, IDU, QTEC, FXI, IYH, IHF, IYZ, IEV, IHI, EWA, EWO, EWK, EWC, ECH, EEM, EWG, EWH, EIS, EWM, EPP, EZA, EWY, EWP, EWD, EWL, EWT, THD, EWU, IBB, PEJ, PJP, SSO, ROBO, XLY, XLV, XLI, XRT, SPY, SMH, VHT, 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.

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

Tuesday 7/15/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Teradyne: TER 2 stock.

$ $ $

Here's a symbol list of 134 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, AYI, AES, ALRM, DOX, AMED, AEE, AFG, AIG, AMGN, APA, ACGL, ANET, AIZ, BSET, BOOT, BAH, CAL, CLS, COR, CVX, CI, CSCO, CLX, CNO, CL, COTY, CR, CTS, DECK, DSGR, DTE, DUK, BOOM, EQT, EZPW, FAST, FMC, IT, GD, GES, THG, HQY, HUM, HURC, IPI, K, KELYA, KMB, LHX, LDOS, RAMP, LXU, MTSI, MAN, MTRX, MRCY, MU, MCO, MUR, NBR, NJR, NWPX, OGE, OMCL, ASGN, PKE, PTEN, PNW, PPL, PFG, PG, QCOM, RTX, RES, SAIA, SBH, SLB, SHOP, SGI, SXI, TGT, MZTI, TSCO, TZOO, TG, UHAL, UIS, VMI, WU, WMB, ITA, IEZ, IHE, DDM, FDN, FXI, ICF, IYZ, ILF, IYF, EWA, EWC, ECH, EWQ, EWG, EIS, EWM, EPP, EWS, EWY, EWD, EWL, THD, PEJ, PXJ, PJP, XLF, XRT, XLU, UNG, USO. Click this link for details (pattern type, start and end dates).

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

$ $ $

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), Orb Foresight (#Ad)

Monday 7/14/25. Market Monday: The Week Ahead

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

My Prediction

The CPI (Chart Pattern Indicator), not shown, flipped to bearish today with a 12.1 reading (on a scale from 0 to 100). As I look at the chart of the S&P 500 index, I see it rounded over during the last several days (actually, the uptrend slope has slowed).

To me, that suggests a reversal. So I drew green lines (BC) where I expect the index to find support. It might not find it between the lines, but it never hurts to be prepared.

Circled at A is a knot of support where I expect the index to stall or perhaps reverse if it drops that far.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

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

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 2 days.

Here's a symbol list of 103 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AES, ALRM, AMZN, DOX, AMED, AEO, AIG, AMGN, APH, APA, ANET, BSET, BA, BOOT, CLS, CF, CHKP, CI, CNO, CL, COTY, CTS, FFIV, FIS, FLEX, FTV, IT, GNW, GPRO, GES, HQY, HSIC, HURC, PODD, TILE, KMB, RAMP, LXU, MKTX, MTRX, MRK, MU, MSFT, MUR, NBR, NTAP, NVDA, ORCL, OR, PTEN, PINC, PFG, PEG, PSTG, DGX, ROL, ROST, RES, SAIA, CRM, SLB, STR, SPSC, TPR, TDC, TEVA, TZOO, UIS, WEX, WMB, WOLF, WWD, WDAY, ITA, IEZ, IHF, ILF, IGE, IHI, ECH, EWH, EWI, EWJ, EWP, EWT, THD, PXJ, PJP, XAR, XLK. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 7/11/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 172 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AMD, AES, ALK, ALB, ALGT, DOX, AMGN, AR, APA, ACGL, AVY, BCPC, BSET, BAX, BBY, BIO, BOOT, CLS, CX, CNP, CENX, CHKP, CIEN, CI, CLNE, CLF, CGNX, CTSH, CMCO, CMTL, CAG, COP, COTY, CR, CCRN, DHR, XRAY, DUK, EME, EL, EVH, XOM, EZPW, FDS, FARO, IT, GD, GILD, GPN, GPRO, HBI, THG, HQY, HSII, HNI, HON, HWM, HUBG, JBHT, TILE, JKHY, KALU, KMB, LNC, RAMP, L, LXU, MTSI, MGY, MRTN, MTDR, MTRX, MRCY, MCO, MUR, NBR, NFG, NOV, NTAP, NWL, OXY, ORI, ORCL, OUT, PTEN, PINC, PFG, PEG, PSTG, RRC, RGS, ROP, RES, SAIA, SLB, SMTC, SLGN, SKYW, SO, LUV, SR, SSYS, SRDX, SNPS, TECH, TFX, TER, TXT, TKR, TREX, TWLO, UIS, VLO, VEEV, VRTX, WERN, WMB, WWD, ITA, IYM, IYE, IEZ, QTEC, FXL, FXI, IXC, MXI, ILF, IGE, IEO, IYF, EWA, EWZ, EWG, EWM, EPP, EWY, TUR, EWU, IBB, PBE, PEJ, PXJ, PJP, XLE, XLK, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

Thursday 7/10/25. Intraday Market Direction: Nasdaq

$ $ $

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

The two peaks at A caught my attention because they are near the same price level. Sometimes, twin peaks can form into a double top.

For a double top to confirm as a valid chart pattern, the index has to close below the lowest valley between the two peaks. I don't see that happening (but it could if it happens before price rises above the right - taller of the two - peaks).

The right peak at A is a 2B pattern. Price dropped for a few days and has been recovering since, forming the handle at B of what could be a cup with handle.

If the index breaks out to new highs, maybe it'll soar.

$ $ $

Here's a symbol list of 149 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABT, ACIW, AYI, ADBE, AMD, AES, AFL, ALK, AMGN, AR, AON, APA, AAPL, ACGL, ANET, AGO, AZTA, BCPC, BSET, BBY, BA, BOOT, BCO, CLS, CX, CI, CTAS, CSCO, CLNE, CLX, CNA, CNO, CGNX, CTSH, CMTL, COTY, CR, CCRN, XRAY, EVH, EXPI, FICO, FIVN, FCX, IT, GIS, GILD, GL, GPRO, HBI, HQY, HTLD, HSII, HOLX, HON, JBHT, HURC, PODD, JKHY, LEN, LNC, RAMP, L, LPLA, LXU, M, MA, MTRX, MDT, MU, MSFT, MUR, NBR, ^IXIC, NFG, NVDA, ORI, OMI, PKG, PTEN, PINC, PFG, PRU, PSTG, RL, RRC, ROP, RES, SAIA, SBH, SLB, SAIC, SMTC, SCCO, LUV, TRGP, TDOC, TKR, RIG, TRV, TWLO, UIS, UNH, VLO, VC, VMC, WMB, WOLF, WDAY, ITA, FDN, QTEC, IAT, IEV, ILF, EWO, EWK, EEM, EWQ, EWG, EIS, EWI, EWP, EWD, EWL, IBB, PBE, PXJ, PJP, XLF, UNG, MGK. Click this link for details (pattern type, start and end dates).

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

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the 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), Orb Foresight (#Ad)

Wednesday 7/9/25. A Look at the Chart Pattern Indicator (CPI)

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

The current CPI reading is bullish, at 74.1. It turned bullish about two weeks ago when the green bar on the far right of the chart appeared.

Notice the CPI line near the bottom of the chart. It peaked about a week ago and has dropped since. That's a sign of weakness in the general market. However, the signal can change for up to a week. Even so, I think the CPI will continue lower, suggesting a market setback is coming. The index has been rising since the green bar appeared, so it's time for a retrace. I'm not expecting a crash or large move down, but in this political environment, anything is possible.

$ $ $

Here's a symbol list of 144 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AYI, AMD, AES, ALK, ALKS, AMZN, AEE, AMGN, AR, APA, ANET, ASH, AZTA, BSET, BIO, BKH, BOOT, BCO, BRKR, CACI, CE, CNP, CF, CI, CLNE, CNA, CMCO, COP, CSGP, COTY, CR, DTE, EME, EQT, XOM, FICO, FIS, FIVN, FNV, FRD, GD, GILD, HTLD, HL, HSII, HP, JBHT, HURC, NSP, PODD, KLAC, RAMP, LPLA, LXU, M, MRTN, MLM, MTRX, MOS, MUR, NBR, NTGR, NTNX, OGE, OLN, OTEX, OR, PTEN, PFE, PINC, PFG, PG, RRC, RLI, RHI, ROP, RES, SAIA, CRM, SLB, SMTC, SHOP, SKYW, SCCO, LUV, SWX, SCS, SRDX, TDOC, TKR, TDG, RIG, TRV, VFC, VLO, VRTX, WMB, WOLF, WDAY, ITA, IYC, IYE, FDN, IEV, SOXX, IGE, IEO, EWH, EIS, EWM, EPP, EWY, EWT, THD, TUR, IBB, PXJ, PJP, ROBO, XLY, XLE, XAR. 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), Orb Foresight (#Ad)

Tuesday 7/8/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Timberland: TBL stock.

$ $ $

Here's a symbol list of 111 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AES, ALB, AMZN, ANIK, AR, ANET, BKH, BA, BRC, BCO, BMY, CDNS, CTSH, CL, CMTL, CAG, CXW, CR, CCRN, CSGS, CW, DDS, EPAM, EFX, EG, EVRG, EXPD, EZPW, FAST, FIS, FIVN, GD, GIS, GOOGL, HLIT, HSII, HOLX, DHI, HOV, HUN, ITGR, IBKR, JNJ, LHX, LEN, LLY, RAMP, LXU, MHO, MAN, MA, MTRX, MDT, MRK, MU, MCO, MYGN, NBR, NTGR, OLN, ASGN, PTEN, PAYX, PETS, PINC, PFG, PG, PHM, RL, RRC, RGS, ROP, RGLD, RES, SAIA, SBH, SLB, STR, LUV, TGT, TXT, TJX, TZOO, TG, UIS, UPS, UNM, VEEV, MDRX, WU, WLK, WOLF, IHE, IHF, ITB, EWO, ECH, EIS, EWM, EWW, EZA, EWL, THD, XHB, 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.

$ $ $

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), Orb Foresight (#Ad)

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

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

My Prediction

There's not much to say about the chart of the Nasdaq, daily scale, shown.

At A, the index made a V-shaped bottom with an extension (extended V-bottom). The extension is at B, which is a retrace of the recovery.

The horizontal green line near the top of the chart is overhead resistance but the index blew through that. Coupled with the gap (today, Thursday), it suggests more of an up move to come.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 10 days.

Here's a symbol list of 252 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, AES, ALB, ALKS, AMZN, AEP, AR, AAPL, ATR, ANET, ASH, AZTA, BMRN, BOOT, BAH, BFH, BCO, BG, CDNS, CE, CX, CNC, CLNE, CLF, CNX, CGNX, CMCO, CAG, GLW, CSGP, COTY, CR, CRH, CCRN, DDS, ^DJU, EXP, ECL, ELV, EPAM, EVRG, EVH, EXPD, FDX, FLS, FTV, GD, GIS, GOOGL, GES, HQY, HSII, HELE, HNI, HOLX, DHI, HOV, HUN, IDXX, ITW, ILMN, IIIN, ITGR, IBKR, TILE, INTU, JNJ, KFRC, LHX, LNC, RAMP, LMT, MHO, MTSI, M, MAN, MA, MTRX, MRK, MCO, MYGN, ^IXIC, NTGR, NTAP, NUS, NTNX, NVDA, OLN, OTEX, OR, OUT, PANW, PTEN, PFE, PLXS, PINC, PFG, PG, PRU, PHM, QTWO, QCOM, RRC, RGS, RNG, ROK, RCKY, RES, ^GSPC, SAIA, SBH, SLB, SEE, SEIC, SCI, NOW, SHOP, SKX, SCCO, SPSC, SNPS, TGT, TXN, TXT, TKR, UIS, UPS, VLO, WERN, WU, WLK, WPM, WMB, WSM, WOLF, WWW, WWD, IYC, IEZ, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IHF, IAT, IYZ, IEV, IGV, IXN, ILF, SLV, IGE, IYF, ITB, EWO, EWZ, EWC, ECH, EEM, EWG, EWH, EIS, EWM, EWW, EPP, EZA, EWY, EWP, EWL, EWT, THD, QLD, IBB, DBA, PBE, PEJ, PXJ, SSO, ROBO, XLF, XHB, XLI, XRT, SPY, XLK, UNG, SMH, 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.

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

Thursday 7/3/25. Intraday Market Direction: Nasdaq

$ $ $

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

Notice how the index moved sideways at A and B. To me, this looks as if the index is waiting for something to happen. You see this type of horizontal move after a buyout or merger offer. Of course, the sideways move lasts longer than a day (often 6 months or more).

This sideways move could be related to the short week, Friday being a market holiday. It's not an FOMC meeting. They Federal Reserve meets July 29-30.

I don't have an explanation except to say that it's unusual.

$ $ $

Here's a symbol list of 175 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AES, A, ALB, ALKS, AMN, AR, AAPL, ATR, ACGL, ANET, ASH, ATO, AVNT, AXS, AZTA, BALL, BIIB, BFH, BCO, BMY, CAL, CPB, CE, CX, CNC, CLNE, CLF, CMCO, CMTL, CCRN, DHR, XRAY, DDS, DTE, ELV, EME, EPAM, EG, FMC, FCX, GPN, GOOGL, GES, HE, HQY, HTLD, HSII, HELE, HSY, HNI, HON, HURC, IEX, IDXX, IPAR, IBKR, INTU, JAZZ, JBLU, KELYA, KLIC, LZB, LEG, RAMP, LMT, M, MGY, MAN, MA, MTDR, MRK, MUR, MYGN, ^IXIC, NFG, NTGR, NWL, OLN, ASGN, OTEX, ORCL, OUT, PTEN, PFE, PLXS, PINC, KWR, QCOM, RL, RRC, RGS, RNG, RHI, ROK, ROL, ROST, RES, ^GSPC, SHOP, SKX, SKYW, SCCO, SSYS, SNPS, TDC, TKR, TRV, TREX, TWLO, UHAL, UIS, VFC, VMI, VECO, WRB, WSO, WERN, WLK, WMB, IYM, IEZ, FTEC, FXL, QQQ, IEV, MXI, IXN, EWO, EWZ, ECH, EEM, EWQ, EWH, EWI, EWM, EWW, EPP, EZA, EWY, EWL, THD, TUR, EWU, QLD, SSO, XLY, SPY, XLK, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Wednesday 7/2/25. A Look at the Chart Pattern Indicator (CPI)

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

I wrote about the CPI yesterday in my 2025 forecast, so not much has changed. Today (Tuesday night), the Nasdaq dropped but the Dow industrials climbed. The S&P dropped a small amount.

The CPI gathered strength from yesterday's 77.8 reading. The current reading is up to 94.8 with a maximum of 100. So the CPI can move a bit higher, but it's likely to drop in the coming days.

$ $ $

Here's a symbol list of 282 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AYI, ADBE, AEIS, AES, ALRM, ALB, ALKS, AEE, AEO, AEP, AR, AON, APOG, AAPL, ATR, ANET, AWI, ARW, ASH, AGO, AVNT, AVA, AXS, AZTA, BZH, BMRN, BKH, BOOT, BRC, BFH, BRKR, BLDR, CBT, CE, CX, CDAY, CHD, CIEN, CLNE, CNX, CGNX, CMCO, CMTL, CSGP, CR, CCRN, CSGS, DECK, XRAY, DVN, DDS, DSGR, DOV, BOOM, EXP, EMN, ECL, EIX, EMR, EPAM, EVRG, EXPI, EXPD, FDX, FIS, FDP, GAP, GD, GNW, GPN, GL, GOOGL, GGG, GFF, GES, HBI, HLIT, HE, HQY, HTLD, HSII, HELE, HNI, HD, DHI, HOV, JBHT, IDA, IEX, IDXX, ITW, IIIN, IBKR, TILE, INTU, JBLU, KALU, KMT, KFRC, KSS, KLIC, LH, LEG, LDOS, LLY, LNC, RAMP, LOW, MHO, M, MAN, MRTN, MAS, MA, MTRN, MRK, MRCY, MLKN, MCO, MLI, MYGN, NFG, NTGR, NTAP, NWL, NKE, NWPX, NOVT, NUS, NTNX, OLN, OMCL, ON, OTEX, OUT, PATK, PTEN, PFE, PLXS, PPG, PPL, PINC, PRU, PHM, RL, RRC, RJF, REGN, RGS, RNG, ROK, ROG, R, SAIA, SLB, SEE, SIGI, SHW, SLGN, STR, SKYW, SWX, SXI, SCS, SNPS, TGT, TECH, TDC, TER, MZTI, TKR, TOL, TG, TWLO, UIS, UPS, UNM, VLO, VMI, VECO, VRTX, VC, VMC, WERN, WLK, WEX, WSM, WOLF, WWW, ZBRA, IYM, IYK, IYC, IAT, ILF, IYF, ITB, EWO, EWK, EWZ, ECH, EWM, EWW, EWS, EZA, EWP, EWL, THD, TUR, EWU, IBB, DBA, PBE, PXJ, PHO, XLY, XLF, XHB, XRT, XLU. 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), Orb Foresight (#Ad)

Tuesday 7/1/25. 2025 Forecast Update

$ $ $

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

$ $ $

Here's a symbol list of 152 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AES, A, ALB, ALKS, AMZN, AAPL, ARCB, ANET, AGO, ATO, AVNT, BSET, BOOT, BAH, BFH, BBW, BLDR, CNP, CF, CHKP, CIEN, CI, CLNE, CNA, CR, CROX, CTS, DUK, ECL, EVRG, EXPI, FAST, FTV, GD, GNW, GFS, GL, GMS, GS, GFF, GES, HLIT, HSII, HOLX, HUBG, JBHT, INCY, PODD, INTC, TILE, IPG, JBLU, KALU, KEYS, KLIC, LZB, LNC, RAMP, MTRX, META, MCO, MLI, ^IXIC, NEE, NWPX, NTNX, ON, OTEX, ORCL, POR, PINC, PRU, QCOM, RL, RTX, REGN, RNG, ROK, R, ^GSPC, CRM, SLGN, STR, SKX, SWX, SXI, SSYS, SRDX, TFX, TER, TMO, TKR, TJX, TSCO, RIG, TZOO, TG, UHAL, VMI, VEEV, WERN, WSC, ITA, IYK, FTEC, FDN, FXL, QQQ, IYH, IYZ, ILF, SOXX, IYF, EWO, EWK, EWZ, ECH, EIS, EWI, EZA, EWP, THD, QLD, PEJ, PXJ, SSO, XLY, XLF, XLV, XLB, SPY, XAR, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the 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), Orb Foresight (#Ad)

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