As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%	Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

As of 11/21/2024   Indus: 43,870 +461.88 +1.1%     Trans: 17,172 +169.53 +1.0%     Utils: 1,076 +20.58 +2.0%     Nasdaq: 18,972 +6.28 +0.0%     S&P 500: 5,949 +31.60 +0.5%	YTD  +16.4%    +8.0%    +22.0%    +26.4%    +24.7%
Targets    Overview: 11/12/2024     46,000 or 43,000 by 12/01/2024   18,000 or 16,600 by 12/01/2024   1,200 or 1,000 by 12/01/2024   20,000 or 18,400 by 12/01/2024   6,100 or 5,800 by 12/01/2024
Chart Pattern Indicator: on 11/20/24

Friday 6/30/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 171 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ALKS, DOX, AMED, AEL, AIG, AMWD, AME, AR, ASH, AIZ, AGO, AVNT, AXS, BALL, BSET, BFH, BRKR, CBT, CX, CNP, CDAY, CHKP, CHS, CLNE, CNO, CGNX, CMTL, CSGP, CCRN, CTS, DSGR, DTE, DUK, BOOM, EME, EQT, EXPI, FDS, FAST, FE, FLS, FTNT, FTV, FNV, GIS, THG, HE, HAYN, HSII, HSIC, HON, HWM, HUBG, HUM, HURC, IEX, INCY, NSP, IBP, IIIN, INTC, IPI, INTU, ISRG, IRM, JNJ, KMT, LANC, LNC, MCHX, MAS, MTRN, MTRX, MU, MLKN, MS, MLI, MYGN, NCR, NTGR, NEWR, NXGN, JWN, OMCL, ORCL, OR, PKG, PKE, PATK, PAYX, PCG, PPG, PPL, PINC, PRU, RRC, REGN, RGS, RNG, ROL, ROST, SBH, SCHW, SMG, SHW, SHOP, SKX, SKYW, SO, SWX, SWN, SXI, SSYS, TRGP, TDY, TFX, TPX, TKR, TG, UNH, MDRX, V, WRB, WERN, WWW, ITA, IAI, IYE, IEZ, IHE, FXI, ICF, IYH, IEV, MXI, SLV, IEO, EWC, EEM, EWI, EWY, EWU, DBA, PXJ, PHO, GLD, XLI, XLB, XRT, XAR, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

Thursday 6/29/23. Intraday Market Direction: Nasdaq

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

$ $ $

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

Not much is happening on the chart, so I drew some lines to make it look busy.

Notice the height of A above the red line. Compare that to the height of B to the red line. They are almost the same. That's called the measure rule for trendlines. See the link for an in depth explanation.

The red line is a trendline connecting the valleys. It shows support.

The blue line connects the peak at C and I drew it horizontally from there. It shows resistance. Could the index touch the blue line and drop like it did at C (and on Friday and on the first peak a week ago Wednesday)?

The answer is hard to say but my guess is we could be in for several days of a sideways move, mirroring the sideways move from last Wednesday to A (3 days). Often these mirrors look nice when they work, but there are lots of exceptions. Maybe this will be one of them.

$ $ $

Here's a symbol list of 121 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABT, ALKS, APA, ATR, ARW, AIZ, AGO, ATO, AVY, BSET, BZH, BCO, BMY, BBW, CNP, CDAY, CF, CHKP, CLNE, CGNX, CMCO, CMTL, ED, CAG, CRH, CCK, CSGS, ^DJU, DOV, DTE, BOOM, EQT, EVRG, FDS, FICO, FE, FISV, FTNT, FDP, GE, GIS, GPN, GGG, GES, THG, HLIT, HIG, HE, HQY, HSY, HON, HOV, INCY, INTC, JAZZ, JNJ, KMT, KFRC, LANC, LLY, LMT, MDT, MRK, MU, NTGR, JWN, NOC, ORCL, OR, PATK, PAYX, PRFT, PFE, POR, REGN, RGS, RNG, ROL, SAIA, SEE, SO, SWX, SWN, SUM, TRGP, TFX, TKR, TSCO, TDG, TZOO, TG, UNH, WDAY, IAI, ICF, EWK, EWZ, EWG, EWP, THD, EWU, DBA, GLD, XLI, 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.

$ $ $

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

-- Thomas Bulkowski

Wednesday 6/28/23. A Look At Indicators

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

The CPI has turned bullish as the vertical green bar shows on the chart. That's no surprise given that the markets were up today (Tuesday, over 1% point).

This upswing suggests the recent retrace has ended and we'll see new highs shortly.

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).

The red line shows weakness and the blue line shows strength compared to a week ago.

The red line since October has been trending higher, but has been weak since February.

This chart has a mixed signal but the CPI chart is more reliable and it's bullish. So I'm looking for the indices to continue rising.

$ $ $

Here's a symbol list of 139 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ABM, AYI, ADTN, AEO, AEL, ARCB, ASH, AIZ, AGO, BZH, BERY, BIG, BBW, CDNS, CDAY, CHKP, CHS, CLNE, CGNX, CTSH, CL, CMTL, CXW, COST, CR, BOOM, ECL, EPAM, EXPI, XOM, EZPW, FDS, FIS, FWRD, GIS, GILD, GPN, HLIT, HAYN, HTLD, HL, HSII, HOLX, HOV, HUBG, ILMN, INCY, INFN, IBP, INTC, IPAR, NVTA, IRM, JAZZ, JBLU, JNJ, KFRC, LAMR, LANC, MHO, MTSI, M, MKTX, MSFT, NTGR, NEU, NEE, NTNX, OMC, OR, OUT, OMI, PATK, PAYX, PCTY, PFE, PINC, PFG, DGX, REGN, RNG, ROP, RES, SAIA, SAND, SMG, SWX, SWN, TRGP, TECH, TFX, TDC, TER, TKR, TJX, TG, UHAL, UIS, UPS, UNH, VMI, VECO, VC, WAT, WWD, IAI, DDM, IYH, MXI, IGE, EWK, EWZ, EWC, EEM, EWQ, EWH, EWS, EWY, EWL, EWT, THD, PJP, PHO, GLD, 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.

-- Thomas Bulkowski

Tuesday 6/27/23. Slider Trading Quiz!

$ $ $

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

$ $ $

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: AYI, AMD, ALKS, AMZN, AEO, AMGN, AMN, AAPL, AMAT, AXS, BSET, BZH, BIIB, BBW, CLS, CNC, CNP, CF, CHS, CNO, CGNX, CMTL, COTY, CROX, DDS, BOOM, XOM, EZPW, FTNT, FWRD, IT, GIS, GILD, GFS, GS, GES, THG, HLIT, HL, HP, HOLX, HURC, ITW, NSP, PODD, INTU, JNJ, KBH, KELYA, LZB, LH, LRCX, LEG, LDOS, LEN, LLY, LPLA, MTSI, MAN, MLM, MTDR, MRCY, MLI, NKE, NOC, NTNX, ASGN, PKG, PATK, PFE, RTX, RNG, RES, R, SMG, SKX, SWX, SWN, SPLK, RIG, TG, UIS, UPS, MDRX, V, VMC, WU, WOLF, IEZ, IYZ, IGE, EWO, EWK, EWC, EIS, EWL, THD, XAR, XLK, UNG, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Monday 6/26/23. 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 Nasdaq composite on the daily scale. Not much is happening on the chart.

I drew a channel, outlined here in red, that the index has been following for four months now.

What does it mean?

Notice that the index is near the top of the channel. If the index behaves like it has in the past, then it'll bounce off the top line and drop to the lower one. That's why channels are useful (because they can show direction).

Indeed, you can see the index coming down now. I expect that retrace to continue.

However, it might not. In some cases, the index will drop to about midway across the channel and then rise again, perhaps staging an upward breakout.

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 over.

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: DDD, AMD, ALB, AEO, AEP, AMGN, AMN, APOG, ASH, ADSK, AVNT, AXS, CLS, CNC, CENX, CDAY, CVX, CHS, CNO, CGNX, CL, COP, CR, CTS, DVN, D, DOV, DRQ, DTE, BOOM, EXP, EOG, EZPW, FDS, FNV, FRD, IT, GE, GILD, GS, GPRO, THG, HLIT, HE, HAYN, HL, HP, HURC, NSP, IPAR, JAZZ, JNJ, KMT, KEYS, LZB, LH, LEG, LEN, MDC, MS, NTNX, OXY, OUT, OMI, OXM, PATK, PDCO, PXD, PLXS, PPG, RL, RGS, RNG, ROP, ROST, SCHW, SMG, SIGI, STR, SKX, SWX, SPLK, SSYS, SUM, TFX, TJX, RIG, UIS, WU, ZBRA, IAI, IYK, IYE, DDM, FXI, BOTZ, IYZ, IEV, IXC, MXI, IGE, IYF, EWA, EWO, EWK, EWC, EEM, EWG, EWH, EIS, EWJ, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWD, EWT, THD, EWU, PEJ, PXJ, PJP, ROBO, XLP, XLE. 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

Friday 6/23/23. Pattern Trading Setups for the Weekend.

$ $ $

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: ABM, AXDX, ACN, AYI, ADTN, AMD, AEE, AIG, AMN, AMAT, AWI, ATO, AVA, BCPC, BA, BBW, CBT, CALM, CLS, CNC, CHS, CHD, CIEN, CLF, CNA, CNO, CGNX, CTSH, CMCO, CONN, CR, CTS, FANG, D, DOV, DRQ, BOOM, EOG, EVRG, EXC, EZPW, FFIV, FTV, FWRD, FNV, FDP, GL, GS, GPRO, HIG, HE, HL, HP, IDA, IEX, ITW, INFN, NSP, IPAR, IPG, IRM, LH, LRCX, LANC, MGY, MRO, MRK, META, MS, NFG, NJR, NWL, NUS, NTNX, OGE, OUT, OMI, PKE, PATK, PDCO, PRFT, PFE, PLXS, POR, PPG, RL, RGS, RNG, SAND, SCHW, SMG, SRE, STR, SKX, SWX, SPSC, SXI, TFX, TER, TEVA, RIG, WU, ZBRA, IAI, IHE, FXI, IAT, IYZ, SLV, IGE, IEO, EWA, EWO, EWK, EPP, EZA, THD, XLY, GLD, 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.

$ $ $

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

Thursday 6/22/23. Cryptocurrency Ethereum (ETH-USD)

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

$ $ $

I show a picture of Ethereum on the daily scale.

Ethereum broke through support, which I show as a red line. Ignore the spikes down through the line where it fails to show support, but rather the general tendency of the currency to remain above the line that illustrates support.

Compare the height of A to the red line versus the red line to the low at B. They look nearly the same height. That's called the measure rule for trendlines.

Don't get too excited. It rarely works. Will the move from B to the red line mirror the rise up to C? It's close now. My guess is no, it won't. Why? Because as soon as you recognize a pattern and try to depend on it, the rule fails.

In this case, the crypto could just blow through the target and continue higher...or not. My guess? Yes, it'll continue to rise past the height of A, maybe reaching the height of the peak to the left of A (the May peak).

$ $ $

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: MMM, AXDX, ACIW, ADBE, AMD, AJRD, AMED, AEO, AEP, AXP, AFG, AMN, AIZ, AVY, BMI, BSET, BMRN, BA, BMY, BG, CALM, CNC, CNP, CHS, CIEN, CLNE, CNO, CGNX, CMCO, COTY, CR, CW, XRAY, DSGR, ^DJI, EMN, EFX, FDS, FLS, FNV, FDP, GME, GD, GNW, GS, HE, HL, HSIC, HNI, JBHT, HUN, INFN, NSP, IIIN, INTC, TILE, IPI, KALU, KMT, LZB, LH, LDOS, RAMP, LOW, MAN, MA, MTRX, MRK, MOS, NTGR, NWL, NEE, NI, NOC, NOVT, NTNX, OLN, OR, OXM, PATK, PDCO, PTEN, RJF, RTX, REGN, RGS, RNG, RLI, ^GSPC, SAIA, SAND, SAIC, SMG, SRE, SKX, SO, SWX, SPLK, SRDX, TRGP, TDY, TPX, TXT, RIG, UGI, UNH, V, WPM, WDAY, ZBRA, ITA, IAI, DDM, QTEC, FXI, BOTZ, ICF, IYZ, MXI, IXN, SLV, EWO, EWK, EWH, EIS, EWM, EZA, EWY, EWP, EWT, THD, TUR, IBB, PPA, SSO, ROBO, GLD, XRT, SPY, XLK. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 6/21/23. A Look At Indicators

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

The CPI has turned bearish, as the red vertical bar on the far right of the chart shows. After such as swift move up in the last 2 weeks, a retrace is expected.

So this chart is bearish, but only mildly so. In other words, I'm expecting a retrace not a longer-term change in trend.

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).

The blue line is slightly worse this week compared to a week ago. That's the only hint of weakness that I could find on this chart.

With the prior chart suggesting a retrace and this chart only hinting of a downturn, I expect the CPI chart to be the better predictor. So I'm looking for the index to drop more, maybe for a week to 10 days.

$ $ $

Here's a symbol list of 118 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AA, AMED, AMN, ANIK, AGO, AVA, BSET, BECN, BIG, BA, BBW, BG, CBT, CALM, CE, CVX, CHS, CHD, CNO, CGNX, ED, CONN, CSGP, COST, CROX, CTS, FANG, DDS, D, BOOM, EIX, EPAM, EXC, EXPI, XOM, FDS, FLEX, FORM, FNV, GMS, GGG, HBI, HL, HELE, HOLX, HWM, INCY, INFN, INTC, JBLU, KBH, K, KMB, LH, LAMR, LEG, L, MANH, MLM, MTDR, MTRN, MDC, MGEE, MU, MOS, NTGR, NWL, JWN, NWPX, NTNX, OR, OXM, PATK, PCG, PG, RNG, RCKY, CRM, SMG, SHOP, SLGN, SKYW, SWX, TGT, TREX, SLCA, UGI, UNH, VRTX, WMT, WERN, WPM, WSM, WWW, WWD, IYK, FXI, IXC, SOXX, SLV, IGE, EWJ, EWT, THD, GLD, XAR, UNG, SMH. Click this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 6/20/23. Slider Trading Quiz!

$ $ $

New research! Can we predict the breakout (by knowing the trend start and width)? The short answer is: No.

$ $ $

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

$ $ $

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: DDD, ABT, ABM, AA, AEL, AME, AMN, AR, AON, ANET, ADSK, AXS, BSET, BAX, BZH, BIG, BA, BKNG, BOOT, CDNS, CALM, CDAY, CHKP, CVX, CHS, CTAS, CLNE, CNO, CGNX, CL, CMTL, ED, CONN, GLW, COST, COTY, CR, CRH, CROX, CW, XRAY, DDS, DSGR, DOV, BOOM, EPAM, EVH, XOM, FDS, FDX, FORM, FTNT, FDP, GE, GNW, GMS, GFF, HSC, HELE, HD, HURC, INFN, K, KMB, LH, LRCX, LLY, LPLA, MTSI, MANH, MCHX, MTDR, MTRN, MTRX, MU, NBR, ^IXIC, NFLX, NTGR, NWL, NEE, NKE, JWN, NTNX, ORI, ASGN, OTEX, OR, OXM, PATK, PCTY, PCG, PEG, RNG, SCHW, SHW, SHOP, STR, SO, SWX, SWN, SCS, SUM, SNPS, TGT, TPX, TZOO, TG, UIS, UNH, VLO, WMT, WEX, WSM, WSC, WWW, IYK, IYC, DDM, FTEC, QTEC, FXL, FXI, ICF, IEV, IXN, SOXX, IHI, EWA, EWK, EWC, EEM, EWQ, EWH, EWI, EWJ, EWM, EPP, EWS, EZA, EWD, EWL, EWU, IBB, PPA, DBA, PXJ, PJP, ROBO, XRT, XAR, SMH, 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 Dow industrials, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

Friday 6/16/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 170 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, AFL, A, ALL, AMZN, AMED, AEO, AMWD, AME, AMN, APOG, ATR, AZTA, BAX, BERY, BIO, BMRN, BA, BSX, BRC, BR, BBW, CDNS, CDAY, CRL, CNO, CGNX, CTSH, CMCO, GLW, COTY, CCK, DHR, DSGR, ^DJI, DOV, BOOM, EXP, EMN, EBAY, ECL, EME, EFX, EL, EZPW, FFIV, FDS, FARO, FDX, FIS, FIVN, FTNT, FNV, GFS, GGG, THG, HSC, HQY, HL, HELE, JBHT, HUN, IEX, ITW, ILMN, INCY, IIIN, ITGR, TILE, IPG, INTU, NVTA, KEYS, MCHX, MLM, MTRX, MCO, MS, NBR, NOV, NEWR, NTNX, OMC, OR, OMI, PKG, PATK, PYPL, PRFT, PCG, PINC, PFG, QTWO, RGA, RNG, ROK, RES, R, SEIC, SCCO, SWX, SWN, SR, TGT, TDY, TPX, TXT, TKR, TSCO, TG, UHAL, VLO, MDRX, VRSN, V, VMC, WAT, WERN, WU, WWD, ZBRA, IYC, IHE, DDM, FXI, ICF, IHF, IYZ, MXI, IYF, IHI, EWC, EEM, EIS, EWM, EWS, EZA, EWY, EWU, IBB, PPA, DBA, PEJ, PXJ, PJP, PHO, ROBO, XLY, XLF, XLI, XRT, UNG, 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

Thursday 6/15/23. Intraday Market Direction: Nasdaq

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

$ $ $

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

I didn't scour the chart looking for patterns, but I did notice a broadening top chart pattern, highlighted in red.

I extended the bottom line because I felt like it. The index has pushed through the top of the pattern, dropped back to snag the bottom line, before rebounding.

If I extend the top trendline, it would come close to or even touch the most recent peak. That suggests the index will retrace (bouncing off overhead resistance). It's like being swatted with a rolled up newspaper.

Maybe not, but with the FED holding steady, there's some justification for the index to push through, upward. Either that, or the good news of the FED keeping rates steady was already factored in and the index will drop. Take your pick.

$ $ $

Here's a symbol list of 204 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, ATSG, ALRM, ALB, AA, ALL, AMED, AEL, AIG, AMN, AR, APA, ADM, AGO, ADSK, ADP, BMI, BZH, BIO, BA, BMY, BR, BRKR, CF, CLX, CNO, CGNX, CL, CMCO, CAG, CONN, CXW, COST, CRH, CCK, CSGS, XRAY, DDS, DSGR, ^DJT, DTE, BOOM, EBAY, EQT, EL, EVRG, EZPW, FDX, FIS, FISV, FIVN, FLS, FTNT, FRD, GL, GS, GPRO, GFF, GES, THG, HSC, HIG, HAYN, HQY, HL, HSII, HP, HSIC, HSY, HOLX, HWM, INCY, IBP, IIIN, ISRG, NVTA, JNJ, KALU, KELYA, KMT, KLAC, LAMR, LEN, L, LPLA, LXU, MGY, MCHX, MTDR, MDT, MRCY, MU, MLKN, MLI, NTGR, NTAP, NWL, NEE, NKE, NWPX, NOVT, NTNX, OLN, OMC, OR, OMI, PKE, PATK, PTEN, PEN, PFE, PNW, PLXS, PPG, PINC, KWR, RRC, RJF, RNG, ROG, RES, SLB, SMG, LUV, SWX, SWN, SR, SSYS, TPR, TFX, TPX, TXT, TMO, TKR, TRV, TZOO, TREX, VLO, VEEV, MDRX, WRB, WMT, WLK, WEX, WSM, WSC, WWD, IEZ, FTEC, FDN, QTEC, FXI, ICF, IAT, MXI, IXN, ILF, SOXX, IHI, EWK, EEM, EWG, EWI, EWW, EZA, EWP, TUR, EWU, IBB, PPA, DBA, PBE, PEJ, XLP, XLF, GLD, XHB, XLI, XRT, XAR, XLK, USO, SMH, 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.

$ $ $

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

-- Thomas Bulkowski

Wednesday 6/14/23. A Look At Indicators

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

The CPI shows a bullish signal. The index is moving higher seemingly each day. The FED, tomorrow, could change that, of course. I thought the next meeting was in a month but they report tomorrow.

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

Both lines (red and blue) this week are bullish compared to a week ago.

The index is making new highs. The red line is trending higher and has been rising since October 2022 in a stair-step fashion.

Both charts this week are bullish and I believe that this signals the market's confidence that the FED will hold rates steady tomorrow. If not, look for the markets to make a sharp one-day drop, probably several hundreds points.

$ $ $

Here's a symbol list of 217 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, ACIW, AYI, ADTN, AMD, AFL, APD, ALB, AYX, AXP, AMN, BMI, BZH, BERY, BBY, BMRN, BA, BOOT, BR, BRKR, BBW, CDNS, CALM, CX, CNC, CENX, CDAY, CF, CHD, CI, CLNE, CLF, CLX, CNA, CNX, CGNX, CMTL, CXW, CSGP, COTY, CR, CROX, CCRN, CCK, DHR, DECK, XRAY, FANG, DSGR, DTE, BOOM, ECL, EMR, EPAM, EQT, RE, EVH, FARO, FAST, FIVN, FLS, FNV, FCX, GME, GE, GIS, GNW, GILD, GFS, GPRO, HSC, HAYN, HQY, HOLX, HURC, IDA, ITW, ILMN, IBP, IIIN, ITGR, ISRG, NVTA, JAZZ, JNJ, KBH, LHX, LH, LAMR, LEN, LMT, LOW, LXU, M, MGY, MRO, MCHX, MTRX, MDT, MRCY, MU, MCO, NBR, NOV, NFLX, NTAP, NTNX, NVDA, OMC, PATK, PDCO, PPG, PPL, PG, PGR, PHM, KWR, QCOM, RRC, RTX, REGN, RNG, ROK, ROL, RES, SAND, SCI, NOW, STR, SKYW, SO, SCCO, SWX, SSYS, SRDX, TPR, TECH, TDOC, TPX, TER, TJX, TRV, TZOO, TREX, UHAL, VLO, WMT, WSO, WSC, WOLF, ZBRA, IYM, IYC, IHE, DDM, FXL, FXI, BOTZ, QQQ, IYZ, IEV, SOXX, SLV, EWO, EWC, ECH, EEM, EWQ, EWG, EWH, EIS, EWI, EWJ, EPP, EWS, EZA, EWY, EWD, EWT, TUR, PPA, DBA, PBE, PEJ, PXJ, PJP, SSO, ROBO, XLF, GLD, XLI, XRT, SPY, XAR, VIS, VAW, 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.

-- Thomas Bulkowski

Tuesday 6/13/23. Slider Trading Quiz!

$ $ $

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

$ $ $

Here's a symbol list of 147 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, AEIS, ATSG, ALGT, DOX, AMN, AON, ATR, ARW, AIZ, BCPC, BIO, BIIB, BMRN, BA, BR, BRKR, BBW, CALM, CX, CNC, CNP, CI, CTAS, CLF, CLX, CNA, CGNX, CMTL, COST, COTY, CR, CROX, CCK, CW, XRAY, DOV, EBAY, ECL, EMR, WIRE, EVH, EXPI, FLS, FCX, FRD, GE, GS, GGG, HAYN, HL, HUN, IDA, IBP, NVTA, JAZZ, KBH, K, KSS, LHX, LAMR, LEN, LOW, M, MAN, MCHX, MTRX, MRCY, MU, MS, NBR, NTAP, NTNX, OLN, ASGN, PDCO, PETS, PNW, PPG, PG, PHM, RMBS, RTX, RGS, RNG, RHI, ROG, ROL, RES, SAND, SEIC, SRE, SHOP, SO, SCCO, LUV, SWX, SR, SPLK, TDOC, TKR, TSCO, RIG, TREX, UHAL, UGI, VRSN, WMT, WAT, WSO, FXI, IYF, EIS, EWJ, EWM, PPA, DBA, XLI, XAR, XLU, UNG, 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.

$ $ $

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

-- Thomas Bulkowski

Monday 6/12/23. Market Monday: The Week Ahead

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

My Prediction

The chart shows the Dow industrials on the daily scale.

I highlight a potential head-and-shoulders bottom chart pattern.

I write "potential" because the index has to close above the red neckline, A. Until that happens, you're just looking at squiggles on the price chart.

If it confirms as a valid pattern, then it suggests we'll see a big move upward. I think that'll happen, perhaps when the Federal Reserve reports on their meeting.

Perhaps the move up will begin next 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

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 is over.

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: ADBE, AMD, A, ATSG, ALB, AEE, AMGN, AMN, ASH, AGO, ATO, AVNT, BMRN, BKNG, BOOT, BAH, BFH, BR, BBW, CACI, CDNS, CE, CX, CNC, CDAY, CI, CLF, CNA, CMTL, GLW, COTY, CR, CROX, CCK, XRAY, BOOM, EBAY, ECL, ELV, EMR, WIRE, EOG, EVRG, EVH, EXPI, FFIV, FARO, FLS, FORM, FCX, GD, GL, GES, HLIT, HWM, HUM, HUN, HURC, IEX, IBP, IIIN, INTC, IPG, NVTA, JKHY, JBLU, KBH, KEYS, KLIC, LHX, LRCX, LAMR, LEN, RAMP, LXU, M, MCHX, MTRX, MRK, MU, NBR, NFLX, NWL, NEU, NI, NWPX, NTNX, OLN, ON, PDCO, PAYX, PEN, PFE, PNW, PPG, PHM, KWR, QCOM, DGX, RMBS, RTX, RNG, ROK, RCKY, ROL, R, CRM, SMG, SRE, SCI, SCCO, SWX, TDOC, TKR, TJX, RIG, TREX, UHAL, UGI, VECO, WMT, WSO, WLK, ZBRA, IYC, FXI, IYH, IYZ, IXN, EWZ, EEM, EIS, EWJ, EWW, EZA, EWY, EWP, EWL, EWT, PBE, PXJ, XLY, XLF, XRT, XAR, XLK, XLU, 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 below industries were the best (rank 1) or worst performing of those I follow.

-- Thomas Bulkowski

Friday 6/9/23. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 169 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ACIW, ATSG, AKAM, ALB, ALGT, AMGN, AMN, ADM, ARW, ASH, ATO, AVNT, BMI, BSET, BIIB, BMRN, BCO, BR, BBW, CE, CX, CNC, CDAY, CHKP, CHS, CI, CSCO, CLF, CNA, CMTL, COP, COTY, CROX, CCK, CSGS, XRAY, DDS, BOOM, EMN, ECL, EMR, EQT, EVRG, EVH, EXPI, FDS, FARO, FISV, FIVN, FLS, FORM, FCX, FRD, GME, IT, GILD, GFF, HE, HAYN, HP, HWM, HUN, ITW, INFN, NSP, IBP, IIIN, IPI, JBLU, KBH, KMT, LHX, LAMR, LEN, LLY, LOW, M, MGY, MANH, MRO, MTRX, MRCY, MU, MCO, NBR, NWL, NEU, NOVT, NTNX, OLN, OMCL, OTEX, PKG, PDCO, PCG, PNW, PPG, PHM, KWR, RTX, REGN, RGA, RNG, ROL, RES, SEE, SCI, SHOP, SMAR, SCCO, SPSC, TDOC, TKR, TG, TREX, TWLO, SLCA, VECO, VEEV, MDRX, VRTX, WMT, WSO, WU, WLK, FXI, IYZ, IEV, IGE, EWQ, EWM, EWS, EWL, PPA, DBA, PXJ, SSO, ROBO, GLD, XLI, XAR, XLU, USO, VHT, 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

Thursday 6/8/23. Cryptocurrency Review: Bitcoin (BTC-USD)

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

$ $ $

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

Bitcoin shows a falling wedge chart pattern, shown here outlined in red at A. The breakout from those patterns is upward 68% of the time, but that's in stocks.

Notice that the cryptocurrency touched the bottom of the wedge at B. Because the bottom red trendline is a support area, it suggests a rise to C. Maybe, just maybe, we'll see an upward breakout immediately thereafter.

I'd say the wedge is a bullish pattern, and it is, but in this case, it could be a trap. Why? It could be a bearish top trap. If you erase the red lines, we see a horizontal top, forming a bullish chart pattern. Price may rise but it won't go far before reversing and tumbling. In other words, be cautious.

$ $ $

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: DDD, ACIW, ADBE, ADTN, AEIS, APD, ATSG, ALKS, AMZN, AMED, AEE, AMN, APA, APOG, ATR, ATO, BALL, BIG, BIIB, BMRN, BKNG, BOOT, BFH, BMY, BR, BBW, BG, CALM, CAL, CX, CNC, CDAY, CF, CHKP, CVX, CHD, CI, CTAS, CLNE, CLF, CLX, CNA, CNX, CL, CMCO, CMTL, CONN, COP, COTY, CR, CROX, CCK, XRAY, DVN, FANG, DDS, DFS, DSGR, ECL, EMR, WIRE, EOG, EQT, EVH, EXPI, XOM, EZPW, FAST, FLS, FNV, FCX, FDP, FRD, GPN, GES, HBI, HSC, HIG, HE, HAYN, HSII, HELE, HD, HURC, ILMN, INCY, IBP, IBKR, TILE, IPI, JBLU, KALU, KBH, K, KMT, KFRC, LHX, LZB, LAMR, LEG, LEN, LXU, MHO, M, MGY, MRO, MLM, MAS, MTDR, MTRX, MDT, MRK, MRCY, META, MU, MLKN, MCO, MUR, NBR, ^IXIC, NI, NOVT, NUS, NTNX, OXY, ORI, OMC, ASGN, OTEX, OR, OUT, PDCO, PTEN, PYPL, PETS, PFE, PNW, PXD, PPG, PEG, PHM, PSTG, RRC, RTX, RGA, RNG, RHI, RCKY, ROL, ROST, RGLD, RES, ^GSPC, CRM, SLB, SCI, SHOP, STR, SKX, SMAR, SCCO, SWN, SPLK, SCS, TPR, TRGP, TDOC, TDC, TSCO, TZOO, TG, TREX, TWLO, VEEV, VRTX, WSO, WU, WPM, WMB, WSM, WSC, WWW, ITB, IEZ, IDU, FTEC, FDN, QTEC, FXI, QQQ, IYH, IHF, IYZ, IEV, IGV, MXI, SLV, IGE, IHI, EWQ, EWG, EWI, EWM, EWS, EWL, THD, EWU, QLD, PPA, DBA, PXJ, SSO, XLE, XLF, XLV, XLI, SPY, XAR, VHT, VIS, 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

Wednesday 6/7/23. A Look At Indicators

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

The CPI chart shows a bullish signal and it's a strong one. The index has pushed above nearby overhead resistance. Although the index might retrace, with the debt ceiling suspended until 2025, there's room for growth. Tempering that is the coming Federal Reserve meeting coming next month. Worries about that meeting's outcome will continue.

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

Both the red and blue lines are bullish compared to a week ago. That's the good news.

This chart shows a peak last August and the index is reaching the level of that peak. So despite what I wrote above about minimal resistance above, there IS overhead resistance shown on this chart.

So there's concern about the index moving higher or perhaps suffering a retrace. The prior chart is bullish and so is this one. While I expect a retrace, I think it'll be short lived and we'll see a resumption of a move higher.

$ $ $

Here's a symbol list of 263 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, ACIW, AEIS, ATSG, ALB, ALGT, AMN, APOG, ATR, ARCB, ADM, ARW, AVY, AVNT, AXS, BCPC, BECN, BERY, BBY, BMRN, BKNG, BSX, BFH, BMY, BR, BBW, BG, CALM, CE, CX, CNC, CENX, CDAY, CHS, CHD, CI, CLNE, CLF, CLX, CNA, CL, CMCO, CMTL, CONN, CXW, COTY, CR, CROX, CCK, CW, XRAY, DDS, DSGR, DUK, ECL, EIX, EMR, WIRE, EPAM, EQT, EVH, EXPI, XOM, FARO, FIVN, FLEX, FLS, FMC, FORM, FWRD, FCX, GME, GPS, IT, GIS, GPN, GMS, GPRO, GGG, GES, THG, HQY, HTLD, HSII, HELE, HD, HUBG, HURC, ITW, ILMN, INCY, IBP, IIIN, IPAR, IBKR, TILE, IPG, INTU, JBLU, KALU, KBH, K, KMT, KFRC, KSS, KLIC, LHX, LZB, LAMR, LEG, LEN, LNC, M, MRTN, MTDR, MTRN, MTRX, MRK, MRCY, MU, MLKN, MS, MOS, NBR, NCR, NFLX, JWN, NWPX, NTNX, ORI, OLN, OMC, ASGN, ON, OTEX, OMI, PKG, PFE, PLXS, PPG, PFG, PRU, PHM, QTWO, KWR, QCOM, RRC, RJF, RTX, RGS, RNG, ROK, RCKY, ROL, SAIA, CRM, SBH, SEE, SEIC, SIGI, SCI, SHOP, SCCO, LUV, SWN, SPLK, SUM, SRDX, TPR, TDOC, TER, TSCO, RIG, TREX, UHAL, SLCA, UIS, UNH, UNM, VMI, VECO, VRTX, V, VC, WAT, WSO, WLK, WEX, WSM, WSC, WOLF, WWW, IYM, IAI, IYC, ITB, QTEC, FXL, FXI, IYH, IHF, MXI, SOXX, IYF, IHI, EWA, EWC, ECH, EEM, EWQ, EWJ, EWM, EPP, EWS, EWP, EWD, EWU, DBA, PBE, PHO, ROBO, XLF, XLV, XLB, XRT, XAR, USO, SMH, VHT, VIS, VAW, 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.

-- Thomas Bulkowski

Tuesday 6/6/23. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring VF Corp: VFC stock.

$ $ $

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: AXDX, AEIS, AJRD, AES, AFL, ALL, AMZN, AMED, AEE, AEP, AIG, AME, APH, AR, ADM, ADSK, BSET, BERY, BA, BKNG, BSX, BG, CDNS, CPB, CX, CVX, CLNE, CNX, CL, CXW, GLW, COTY, CCK, CSGS, DHR, DECK, DVN, FANG, D, DTE, EPAM, XOM, EZPW, FE, FISV, FLS, FDP, GE, GPN, GFS, GL, HSC, HUM, JBHT, IEX, ITW, IPI, JBLU, K, KELYA, KMB, MGY, MRO, MRK, MU, MUR, NFLX, NEWR, NKE, NTNX, OXY, OGE, OMI, PANW, PRFT, PNW, PXD, PPL, PEG, RMBS, RRC, RGA, RNG, SLB, SCHW, SAIC, SIGI, SHOP, STR, SWN, SXI, TXN, RIG, TZOO, UPS, VLO, VRTX, WMT, WAT, WSO, WPM, WMB, ITA, IEZ, IDU, IYH, IGE, EWZ, EWH, TUR, PPA, PXJ, XLY, XLE, XLI, XLU, 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

Monday 6/5/23. 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 transports on the daily scale.

At A, the index breaks through a down-sloping trendline suggesting there's a good rise in store. I think that assessment is correct.

At B, we have support in the form of a triple bottom chart pattern. With the close at A above the top of the chart pattern, it confirmed the triple bottom as a valid chart pattern.

At C, we see a potential double bottom. The index has to close above the highest peak between the two bottoms to confirm it as valid. If it confirms, it'll suggest another rise.

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 over.

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: AEIS, ATSG, ALRM, AMZN, AXP, AR, ANET, AGO, ATO, AVY, AVA, AXS, BCPC, BSET, BIIB, BKH, BKNG, BBW, BG, CBT, CF, CLX, CMCO, CMTL, ED, CSGP, COTY, CR, CRH, CW, DECK, DDS, DFS, DSGR, BOOM, EME, WIRE, EVH, XOM, FISV, FMC, FCX, GIS, GGG, HAYN, HQY, HELE, HP, HSY, IDXX, NSP, IBKR, TILE, KELYA, LRCX, LAMR, LEG, LEN, MHO, MA, MCO, MYGN, NBR, NEWR, NWL, NEU, NI, NWPX, NTNX, OGE, ORI, OMI, OXM, PATK, PTEN, PXD, PINC, PEG, RMBS, RJF, REGN, RGS, RNG, RLI, RCKY, RES, R, ^GSPC, SAIA, SHW, SHOP, SLGN, SKX, SKYW, SO, SCCO, SWX, SWN, SSYS, TTD, TOL, TREX, MDRX, VRSN, V, WEX, WPM, WMB, WSC, WWD, XEL, IYK, ITB, IHE, BOTZ, IYH, IYZ, MXI, IXN, EWA, EWK, EWQ, EWG, EWH, EWI, EWJ, EWM, EPP, EZA, EWY, EWP, EWT, THD, TUR, EWU, PEJ, SSO, ROBO, XLY, SPY, XLK, VHT. Click this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 6/2/23. Pattern Trading Setups for the Weekend.

New research. How does crypto performance compare to stocks and ETFs?

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Here's a symbol list of 139 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, AEIS, AFL, AYX, ABC, AR, ARCB, AVY, BIIB, BMRN, BKNG, BOOT, BSX, BBW, CDNS, CALM, CNC, CDAY, CNX, CL, ED, CAG, CONN, DECK, ^DJU, DOV, DRQ, DUK, EMN, ELV, EVH, XOM, FFIV, FICO, FAST, FIS, FTNT, FWRD, FRD, GILD, GS, HBI, THG, HSC, HE, HP, HSIC, HWM, ILMN, PODD, KBH, KELYA, KMB, LZB, LRCX, LEG, LEN, MGY, MAN, MRK, MRCY, META, MGEE, MSFT, NEWR, NEU, NKE, JWN, NTNX, OGE, OUT, OMI, OXM, PTEN, PNW, PPG, PEG, PSTG, RRC, RGA, RNG, RHI, RCKY, SBH, SEE, SEIC, SHOP, SKX, SKYW, SO, SWX, SWN, SPSC, SSYS, SUM, SRDX, TPR, TECH, TDOC, RIG, TZOO, TREX, UHAL, UIS, UNM, VLO, WMT, XEL, IYC, IEZ, IHE, FTEC, QQQ, IYH, IHF, IXN, ILF, IYF, EWQ, EIS, EWI, EWM, TUR, QLD, IBB, PXJ, XLY, XLV, SPY, XLK, UNG, VHT, 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.

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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

Thursday 6/1/23. 2023 Forecast Update

Here's the updated 2023 forecast, presented in slider format.

I don't show the usual panel from Fidelity because they changed their format and no longer offer the kind of information I need.

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Here's a symbol list of 185 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AYI, AEIS, AFL, A, ATSG, ALKS, ALGT, AR, ACGL, AVY, BECN, BERY, BIIB, BKH, BKNG, BOOT, BSX, BRKR, CX, CENX, CDAY, CHKP, CHS, CI, CNX, CL, CONN, GLW, CSGP, COTY, CRH, DECK, DVN, FANG, ^DJT, DOV, DRQ, EMN, EBAY, EPAM, XOM, FE, FIVN, GNW, HLIT, HAYN, HTLD, HELE, HUN, INTC, IRM, KALU, KELYA, LEG, L, LXU, MANH, MAN, MRTN, MA, MDC, MRCY, MLKN, MCO, MOS, MLI, NBR, NOV, NEWR, NEE, NXGN, NKE, NI, NTNX, OLN, ASGN, OMI, OXM, PATK, PTEN, PRFT, PXD, PG, RL, RGS, RNG, RCKY, ROL, RES, SBH, SMG, SEE, SEIC, SIGI, SHOP, SWX, SWN, SPSC, SCS, SSYS, TPR, TRGP, TPX, TJX, TREX, UGI, UIS, VLO, VMI, MDRX, V, WAT, WSO, WERN, WLK, WSC, IYM, IAI, ITB, IEZ, IHE, FDN, ICF, IEV, IXC, MXI, ILF, IGE, IEO, EWA, EWO, EWK, EWZ, EWC, EWQ, EWG, EWH, EIS, EWI, EWJ, EWM, EWW, EPP, EWS, EWP, EWL, TUR, EWU, IBB, DBA, PEJ, PXJ, XHB, XLB, XRT, UNG, USO, 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.

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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