As of 07/23/2025   Indus: 45,010 +507.85 +1.1%     Trans: 16,268 +157.05 +1.0%     Utils: 1,086 -3.08 -0.3%     Nasdaq: 21,020 +127.33 +0.6%     S&P 500: 6,359 +49.29 +0.8%	YTD  +5.8%    +2.3%    +10.5%    +8.9%    +8.1%	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 07/23/2025   Indus: 45,010 +507.85 +1.1%     Trans: 16,268 +157.05 +1.0%     Utils: 1,086 -3.08 -0.3%     Nasdaq: 21,020 +127.33 +0.6%     S&P 500: 6,359 +49.29 +0.8%	YTD  +5.8%    +2.3%    +10.5%    +8.9%    +8.1%
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

Monday 6/30/25. 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 industrials on the daily scale.

At line C, the index pushed through resistance setup by the red trendline. At D, a breakaway gap appeared and the result pushed the index higher, leaving a consolidation region behind.

I expected the index to struggle as it pushed through a knot of resistance, A. Knots can be formidable.

At B, we see a wider area of resistance setup by the peak. Here's the next chance for the index to struggle moving higher. The straight green line shows the index it about to enter the region.

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 154 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, AMD, AES, A, ALKS, AMZN, DOX, AXP, APOG, ARCB, ADM, ANET, ARW, BALL, BAX, BBY, BFH, BCO, CDNS, CE, CLS, CNP, CDAY, CF, CRL, CGNX, CMCO, CMTL, COTY, CR, DDS, DSGR, ^DJI, ECL, EME, EL, EVRG, FORM, FTNT, FNV, GFS, GL, GGG, GFF, HNI, HWM, IDXX, INCY, ITGR, IPI, JAZZ, KEYS, KLAC, KLIC, LANC, LLY, LNC, RAMP, MHO, MANH, MAS, META, MU, MS, MOS, MLI, ^IXIC, NOV, NTGR, NEE, OLN, ASGN, OTEX, ORCL, OR, OUT, PANW, PLXS, PINC, KWR, ROK, ROG, RGLD, ^GSPC, SMTC, SLGN, SKX, SO, SPSC, SSYS, SRDX, SNPS, TGT, TEVA, TMO, TKR, TOL, TDG, RIG, UIS, VRSN, WRB, ITA, IYM, IYC, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IEV, IGV, SOXX, IYF, IHI, EWO, EWQ, EWG, EWI, EWJ, EWY, EWP, EWD, EWL, QLD, SSO, XLY, XLF, GLD, XLV, XHB, SPY, XAR, VIS, 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)

Friday 6/27/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 122 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AYI, AMD, AES, ALRM, ALB, ALKS, ARCB, ANET, ARW, AVNT, BAX, BA, BFH, CALM, CDAY, CF, CMTL, CAG, COTY, CR, EBAY, ECL, FIS, FLS, FTV, FWRD, FCX, GD, GS, GPRO, GES, HLIT, HNI, HWM, INCY, IIIN, K, KMT, LHX, RAMP, L, MKTX, MRTN, MLM, MTRX, MRK, MU, MLKN, MS, NEE, NWPX, NOVT, NTNX, PANW, PATK, PLXS, PINC, PEG, RL, RGS, ROL, SCHW, SEIC, SMTC, SLGN, SCCO, SXI, SCS, TECH, TEVA, TTD, TKR, TJX, TDG, RIG, TREX, WMT, WEX, WSC, ITA, IYM, FDN, FXI, BOTZ, ICF, IHF, IAT, IXN, IGE, EWC, ECH, EEM, EWG, EWM, EPP, EWS, EWD, EWT, THD, TUR, ROBO, XLP, XLF, XLB, 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.

$ $ $

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 6/26/25. Intraday Market Direction: Nasdaq

$ $ $

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

I drew two red lines following the bulk of the price movement and found pattern A. It's a descending broadening wedge but you can call it a channel, too. Because B pokes out the top and doesn't follow the bulk of the trend, I sliced threw it with the top red line. I first tried connecting a line joining it, but the fit wasn't good.

At C, we see a rounded turn. It might become an ascending scallop, but it's too early to tell. The index might climb to the height of the left cup lip and then tumble. At 20,000, there should be round-number resistance, so I expect weakness in the index.

$ $ $

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: ACN, ACIW, ADTN, AMD, AES, ALRM, ALK, AMZN, DOX, AEE, AFG, AON, APA, ADSK, AVNT, BG, CALM, CLS, COR, CF, CRL, CNX, CTSH, CMCO, CMTL, ED, CAG, COTY, CMI, DECK, DTE, DUK, EXP, EMR, FDS, FAST, FIS, FISV, FLEX, FTNT, FTV, FDP, GD, GFS, GL, GPRO, GGG, HON, HWM, HURC, INCY, IIIN, PODD, JBLU, KELYA, LH, RAMP, MANH, MRTN, MLM, MTRX, NTAP, NEU, NEE, NKE, NOC, NTNX, NVDA, OXY, OTEX, PCTY, PYPL, PETS, PLXS, POR, PINC, PFG, QTWO, KWR, RL, RTX, ROG, RGLD, SAIA, SMTC, STR, SXI, TDC, TTD, TKR, TDG, RIG, TG, TREX, UHAL, VMC, WMT, WAT, WOLF, IYK, IYC, IEZ, IDU, FTEC, FDN, QTEC, ICF, IXN, IHI, EWH, EWT, DBA, PEJ, PXJ, XLP, XHB, XLI, XRT, XAR, XLK, XLU, UNG, SMH, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Wednesday 6/25/25. 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 has a reading of 66.7 which is mildly bullish. A reading of 65 turns the indicator bullish from neutral. The chart shows a green bar (bullish) on the far right of the price map.

The inset shows the CPI making a sharp move higher during the last week, flipping the CPI from bearish to neutral and now bullish.

Where do the markets go from here? Events in the world and here in the US will shape the landscape, so it's hard to guess. My feeling is that the markets will continue higher over the next week or so.

$ $ $

Here's a symbol list of 200 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACIW, ADTN, AEIS, AMD, AES, ALRM, ALK, AEP, AXP, AMWD, APA, AMAT, ARCB, AWI, AIZ, ATO, ADSK, BOOT, BRC, BFH, BRKR, CBT, CACI, CE, CNP, CF, CVX, CHD, CINF, CNO, CNX, CMTL, ED, COP, CSGP, COTY, CR, CTS, ^DJU, ^DJI, DOV, EXP, EOG, EL, EVH, EXPI, XOM, FISV, FTNT, FTV, GFS, GL, GS, HBI, HLIT, HE, HTLD, HNI, HWM, HUBG, HUN, INCY, TILE, INTU, ISRG, JNJ, KALU, KEYS, KFRC, KLAC, KLIC, LRCX, LANC, LNC, RAMP, MTSI, MANH, MRTN, MAS, MA, MTDR, MTRN, MRCY, META, MU, MLKN, MS, ^IXIC, NFLX, NTGR, NTAP, NEE, NOC, NWPX, NVDA, OXY, OLN, ON, OR, PFE, PCG, PPG, PINC, PFG, PRU, PSTG, RL, RTX, ROK, R, SAIA, SEE, SMTC, SHW, SHOP, STR, SKYW, SGI, SCS, SRDX, TPR, TGT, TDOC, TER, TXN, TKR, RIG, TZOO, TREX, UPS, VLO, VMI, MDRX, VRSN, V, WMT, WMB, WSC, ZBRA, IAI, IYK, IYE, IDU, FTEC, QQQ, IYZ, IEV, IXN, SLV, IEO, IYF, IHI, EWH, EIS, EPP, EZA, EWY, EWP, TUR, QLD, DBA, PBE, PEJ, PXJ, PHO, XLY, XLE, XLF, GLD, XLI, XRT, XLK, UNG, USO, SMH, 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.

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

Tuesday 6/24/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Toll Brothers: TMK stock.

$ $ $

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: DDD, AYI, ADTN, AMD, AES, AKAM, ALGT, AMWD, AMN, APH, ARCB, ATO, BBY, CALM, CNP, CF, CVX, CLNE, CL, COP, COTY, CROX, CCRN, CMI, DECK, XRAY, DVN, DSGR, ^DJU, EOG, EQT, EL, XOM, FDS, FIS, FIVN, FLS, FRD, GE, GNW, GGG, HQY, HNI, HON, HUBG, HUM, HURC, IDA, IEX, IPAR, IBKR, IPI, JNJ, KELYA, KSS, LANC, RAMP, LXU, M, MGY, MRTN, MAS, MTDR, MU, MS, MOS, MYGN, NFLX, NTGR, NWL, NEU, NWPX, NOVT, OXY, OMCL, ASGN, PKE, PETS, PINC, PGR, PRU, QTWO, RRC, RTX, RGA, RNG, R, SMG, SEE, SGI, LUV, SR, SXI, SCS, SSYS, TPR, TRGP, TDOC, TDC, TEVA, TXT, TKR, TSCO, RIG, TZOO, TWLO, VFC, VLO, WMB, WOLF, ZBRA, IAI, IYE, FTEC, FXI, IXC, MXI, IXN, IGE, IEO, IYF, EWC, ECH, EWH, EWI, EWP, EWD, TUR, EWU, PPA, DBA, PEJ, XLE, XRT, XLK, 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 6/23/25. 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 transports on the daily scale.

AB is a chart pattern called a double top. The pattern confirms as valid when the index closes below red line C. The drop after C is breathtaking, so I'll wait for you to catch it.

DE is the opposite of the double top, called a double bottom. It confirms as a valid chart pattern when the index closes above the red line.

There's an old saying that reversal patterns need something to reverse. What does that mean? The decline from peak F to D wasn't far, so don't expect the rise from E to G to extend higher. In other words, the effect of DE is probably done.

Of course, the rise to A, at least on this chart, wasn't large but look at the resulting decline from B downward.

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 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACN, AYI, ADTN, AMD, AES, AFL, ALB, ALGT, ALL, AMED, AMN, ANIK, ANET, BBY, BMRN, CALM, CX, CF, CSCO, CLNE, CNX, CGNX, CMTL, CCRN, ELV, EPAM, EXPD, FDS, FLS, FDP, FRD, GPN, GMS, GOOGL, GFF, HE, HQY, HSIC, HNI, HUM, HURC, IEX, ITW, ITGR, IBKR, IPI, INTU, IRM, JKHY, KLAC, KSS, RAMP, LXU, MLM, MGEE, MSFT, MOS, MYGN, ^IXIC, NTGR, NOVT, ASGN, OTEX, OUT, PTEN, PPG, PINC, PSTG, KWR, RL, RMBS, RRC, RNG, RHI, ROG, ROL, R, SMG, SRE, SCI, SKYW, LUV, SRDX, SNPS, TDC, TEVA, TKR, TJX, TSCO, RIG, TZOO, TG, MDRX, VRTX, VMC, WERN, WWW, FTEC, QTEC, FXL, FXI, ICF, IHF, MXI, ILF, EWO, ECH, EWH, EWI, EWW, EWY, EWD, THD, TUR, DBA, PJP, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Friday 6/20/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 124 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AFL, ALL, APOG, ARW, AIZ, BMI, BALL, BBY, BFH, CALM, CF, CI, CL, CCRN, CMI, CW, XRAY, DTE, EMN, EIX, EME, EMR, EOG, EPAM, EVH, XOM, FFIV, FDS, FTNT, FNV, GD, GMS, GS, GOOGL, GFF, HQY, HSII, HURC, IEX, PODD, IBKR, KMB, KLAC, KSS, LHX, LZB, LLY, RAMP, MTSI, MANH, MRTN, MLM, MAS, MA, MOS, NTGR, NOC, NVDA, OGE, ASGN, PTEN, PINC, PSTG, RRC, RJF, RTX, RGS, RLI, ROK, ROL, SAIA, CRM, SBH, SAND, SMG, LUV, SPSC, SXI, TEVA, TJX, TSCO, TZOO, V, WEX, WMB, WOLF, ITA, IYK, IYE, QTEC, FXL, FXI, IYZ, IEV, IXC, MXI, IEO, ECH, EEM, EWQ, EWH, EIS, EWJ, EWW, EWY, EWD, EWT, THD, EWU, PPA, DBA, XLP, XLE, 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.

$ $ $

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)

Wednesday 6/18/25. 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 is red, or bearish. Today's drop in the indices sent the CPI down to 6.5.

If you look at the inset, the CPI peaked over a week ago (early June), suggesting the market is ready to tumble. A big up day can pull the CPI to 100, so nothing is a given, but it does seem as if the market is warning of a coming drop. Be cautious going long.

If Trump decides to use bunker busters in Iran, then the markets will tumble.

$ $ $

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: AMD, AES, AA, AEP, AR, APOG, ACGL, AGO, ADP, BZH, BMY, CACI, CALM, CF, CHD, CINF, CNA, CNO, ED, CCRN, CMI, EMN, ELV, EVRG, FDS, FNV, GNW, HQY, HUBG, HUM, HURC, IEX, KMB, KSS, LDOS, LLY, RAMP, MLM, MAS, MTRX, MU, MOS, NFG, NTGR, NJR, NEE, POR, PINC, RRC, RLI, ROL, RES, SAIA, SAND, SMG, SIGI, SCI, SLGN, LUV, SPSC, SRDX, TEVA, TKR, TJX, TDG, UNM, VLO, VRTX, WMB, WSC, IYK, IHF, IYZ, IEV, MXI, SLV, EWO, EWK, EWZ, ECH, EWQ, EWI, EWJ, EWM, EWW, EZA, EWD, EWL, THD, TUR, EWU, PXJ, XLP, GLD, XLV, 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), Orb Foresight (#Ad)

Tuesday 6/17/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Tommy Hilfiger: TOM 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: ACN, AMD, AMED, AEE, AXP, ANIK, ASH, AVY, AVNT, BKNG, BSX, BMY, BBW, CALM, CX, CNC, CNP, CENX, CF, CSCO, CLNE, CNX, CTSH, CMCO, ED, CXW, GLW, COTY, CROX, CTS, CW, DECK, DSGR, BOOM, EMN, ELV, EL, EVRG, EXPI, XOM, FFIV, FIS, FISV, FIVN, FWRD, FCX, IT, GNW, GPN, GGG, GFF, HQY, HL, HNI, HOV, IEX, ITW, TILE, INTU, KSS, LH, LEG, LLY, RAMP, MTSI, M, MKTX, MTRN, MRCY, MGEE, MU, MCO, MLI, NTGR, NEE, NKE, NOVT, NUS, ASGN, OUT, PKE, PATK, POR, PPL, PINC, PFG, PSTG, KWR, RMBS, RRC, ROK, SCHW, SIGI, SMTC, SHW, SRDX, SNPS, TRGP, TDY, TDG, TWLO, VLO, VECO, VRTX, V, VC, WERN, WDAY, ZBRA, ITA, IYC, DDM, FXL, IHF, IEV, MXI, EWO, EWK, EWZ, ECH, EWQ, EWH, EIS, EWM, EPP, EWS, EWL, THD, ROBO, XLF, XLV, XHB, XRT, 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 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 6/16/25. 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 weekly scale to give recent action more context.

Last year, we see a broadening top chart pattern, outlined here in red. The pattern had a downward breakout but the index didn't drop too far.

From the start of this year, the index has climbed but struggled to do so.

Recently, we've seen the opposite of a broadening top, that of a symmetrical triangle.

The breakout direction is unknown, but given that price was climbing into the pattern, we can assume it'll breakout upward. That's not true often, so don't bank on it.

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 132 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AYI, ADBE, APD, AEE, AXP, ANIK, APA, AAPL, ASH, AVA, AZTA, BKNG, BG, CAL, CDAY, CF, CAG, COP, CXW, DECK, XRAY, DVN, FANG, D, BOOM, EMN, EOG, XOM, EZPW, FDX, FIS, FIVN, GME, GAP, GD, GE, GPN, GES, HBI, HOV, HUBG, JBLU, KEYS, KFRC, LHX, LZB, LH, RAMP, LXU, M, MKTX, MTDR, MTRN, MLKN, MUR, NTGR, NEE, NOC, OXY, OGE, OLN, OXM, PATK, PTEN, PCTY, PFE, PPG, PPL, PINC, PSTG, RTX, RNG, RGLD, RES, CRM, SBH, SAIC, NOW, SKYW, SR, SSYS, SRDX, TRGP, TDOC, TDC, TTD, TJX, TZOO, VFC, VC, WDAY, IYE, FDN, FXI, IYH, IAT, IXC, IGE, IEO, EWA, EIS, EPP, TUR, DBA, PBE, PEJ, PXJ, XLE, GLD, XLV, XRT, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Friday 6/13/25. Pattern Trading Setups for the Weekend.

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: ABT, AFL, AKAM, ALGT, AFG, APOG, AMAT, ATR, ADM, BZH, BBY, BIO, BIIB, BSX, CAL, CDAY, CRL, CIEN, CLNE, CLF, GLW, CSGP, CR, CSGS, CTS, DECK, XRAY, FANG, ^DJT, ^DJI, BOOM, EMN, EPAM, EG, EVH, EXPI, EZPW, FIVN, FWRD, GME, GD, GFF, HELE, HSY, HNI, HOLX, HOV, HUBG, HURC, IEX, IDXX, ITW, IBP, ITGR, JAZZ, KALU, K, KEYS, KSS, LZB, LH, LRCX, RAMP, M, MKTX, MRTN, MAS, MRK, META, MLKN, NTGR, NWL, NI, NOC, NOVT, NVDA, ASGN, OTEX, ORCL, OUT, PKE, PATK, PCTY, PYPL, PETS, PFE, PPG, PINC, PSTG, DGX, RHI, R, SIGI, SCI, SLGN, LUV, SWX, SCS, SRDX, TFX, TER, TEVA, TXN, TKR, TJX, TSCO, UGI, VMI, VECO, VEEV, VC, WMT, WSC, WOLF, ZBRA, IYE, IHE, DDM, FTEC, FXL, BOTZ, IYH, IAT, IEV, IXC, IXN, IGE, EEM, EWQ, EIS, EWM, EPP, EWS, EWY, EWP, EWL, EWT, TUR, EWU, PHO, XLE, XLV, 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.

$ $ $

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 6/12/25. Intraday Market Direction: Nasdaq

$ $ $

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

I drew a red trendline under the valleys even though it cuts through price. It's a view of how price is following the trendline higher.

At A is a preview of what the drop at B might look like. However, A happened within one day. B, if price continues to drop, will span two days. I don't know what will happen at the open. It looks like B is moving sideways, perhaps trying to decide on a direction.

Not shown but the CPI (chart pattern indicator) has dropped to 46, which is neutral from bullish (which starts at 65 and above). So the general market is seeing weakness. That suggests tomorrow (Thursday) will be weak.

$ $ $

I started adding examples to the chart pattern pages, starting with the 2B pattern. This was a suggestion from a blog reader 6+ months ago. I wanted to finish writing my Orb Foresight book first, which I did. I released the book yesterday (see the post for details).

$ $ $

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: ACN, AMD, AFL, AKAM, ALRM, AA, ALGT, AMZN, AMWD, APOG, AAPL, ATR, ARCB, ACGL, AWI, ARW, AVNT, AVA, BCPC, BZH, BBY, BIIB, BMY, BRKR, BLDR, CACI, CNC, CI, CLNE, CNX, CGNX, GLW, CTS, XRAY, DVN, FANG, ^DJT, BOOM, EXP, EMN, EIX, EPAM, EFX, EVH, EZPW, FIS, FIVN, GIS, GPN, GL, GMS, GFF, GES, HLIT, HTLD, HSII, HELE, HNI, HD, HOV, HUBG, JBHT, IEX, ITW, INCY, IBP, IIIN, ITGR, INTU, JAZZ, JBLU, KALU, KBH, KEYS, KFRC, KLAC, KSS, LHX, LZB, LH, LANC, LEG, LEN, RAMP, LOW, MHO, MTSI, M, MANH, MRTN, MAS, META, MSFT, MLKN, MYGN, ^IXIC, NOV, NTGR, NWL, NOC, NOVT, OXY, OMCL, ASGN, ON, OTEX, OUT, OMI, PKE, PATK, PCTY, PFE, PNW, PPG, PINC, PRU, PSTG, QCOM, DGX, RMBS, REGN, RCKY, R, SAIA, SBH, SIGI, SHW, SHOP, SLGN, LUV, SPSC, SCS, SRDX, TPR, TRGP, TDY, TFX, TDC, TER, TXN, TXT, TKR, TJX, TOL, TREX, UNH, VFC, VLO, VECO, VEEV, MDRX, VC, WRB, WSO, WERN, WSC, WOLF, WWW, ZBRA, IYC, IHE, FXL, FXI, BOTZ, ICF, IYH, IAT, IYZ, IXC, MXI, IXN, ILF, IGE, IYF, EWZ, EEM, EWW, EWY, EWL, TUR, IBB, PHO, XLV, XHB, 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 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 6/11/25. 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 is bullish, as shown by the vertical green bar on the far right of the chart.

The inset shows the CPI line in blue. It has neared the peak of its move and has a slight dip at the right end (not the big dip, but today's drop). Because signals can change for up to a week, the dip might not be meaningful but it does square with the index hitting overhead resistance (or approaching it).

My guess is we'll see a retrace soon. I don't know what 'soon' means in terms of time, but probably a week and you'll see the index move sideways to down. A political move could see the index shooting higher, though.

$ $ $

I released a new book, Orb Foresight (pictured), both in print and e-book today. It's a novel (fiction).

What happens when a struggling stock market trader buys an orb that can predict the future?

Dr. Melissa Humphries is a scientist at Los Alamos National Laboratory who discovers a way to create intelligent life, which she calls orbs. With their ability to see the future, she hopes they will help guide humanity.

What happens when she releases the orbs into society?

Will they use their foresight to improve the world or will they submit to others who want to use orbs to enrich themselves?

Read this fast-paced adventure about the love between friends, about good versus evil, and what it means to be good.

This book is suitable for anyone, young or old, who believes in possibilities. Buy and read this emotional—and thrilling—soft sci-fi novel about the life of orbs and those who care for them.

$ $ $

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: ACN, ADTN, AMD, ALRM, AA, ALKS, ALL, AMED, AMWD, APH, AON, APOG, ARCB, ADP, BCPC, BBW, CACI, CNC, CF, CINF, CLX, CNO, CGNX, CL, CMTL, COP, GLW, COTY, CCK, CTS, XRAY, FANG, ^DJI, BOOM, EOG, EVRG, EXPI, XOM, EZPW, FAST, FIS, FISV, FIVN, FLEX, GIS, GPN, GS, GES, HBI, HLIT, HSII, HELE, HNI, HOV, HUM, JBHT, HURC, IIIN, ITGR, IRM, K, KLIC, LH, LANC, LDOS, RAMP, MTDR, MTRX, MRK, MLKN, MUR, NTAP, NWL, NOC, OMCL, OMC, OR, PANW, PATK, PAYX, PYPL, PETS, PFE, PLXS, POR, PINC, PRU, PSTG, QTWO, QCOM, DGX, RNG, RCKY, RGLD, RES, CRM, SEIC, SIGI, SKX, SXI, SCS, SRDX, SNPS, TDOC, TDY, TDC, TEVA, TKR, TJX, TZOO, VLO, VECO, VRSN, VRTX, VC, WERN, WPM, WSM, WWW, ZBRA, ITA, IEZ, IHE, DDM, FTEC, FDN, IYH, IXC, IXN, IGE, IEO, IYF, EWA, EWO, EWH, EWI, EWT, TUR, PEJ, PJP, XLY, XLV, 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.

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

Tuesday 6/10/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Torchmark: TMK (support and resistance).

$ $ $

Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AMD, AFL, ALRM, AA, ALKS, ALL, AMZN, APH, AAPL, ARCB, ANET, ARW, ASH, BCPC, BALL, BAH, CAL, CPB, CE, CDAY, CINF, CNO, CGNX, COTY, CR, DSGR, ^DJT, EIX, EQT, EXPD, FIS, FLS, FWRD, FCX, GAP, GPN, GPRO, HBI, HELE, HSY, HNI, JBHT, HURC, ILMN, ITGR, IRM, JBLU, KELYA, LH, LANC, LDOS, RAMP, M, MGY, MLM, MAS, MTDR, MRK, META, NBR, NTAP, NWL, NKE, NTNX, PANW, PKE, PYPL, PETS, PFE, PLXS, POR, PINC, QTWO, QCOM, DGX, RL, RMBS, RGS, RNG, ROG, SAIA, SAIC, SIGI, SCCO, SNPS, TRGP, TDOC, TDC, TER, TXT, TKR, RIG, VECO, MDRX, WAT, WERN, WU, WLK, WWW, IYC, IEZ, IHE, FDN, FXI, ICF, IYZ, IXN, SLV, IGE, IYF, EEM, EWH, EWM, EWY, EWT, THD, PBE, PEJ, PJP, XLF, XRT, XLK, 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

Monday 6/9/25. Market Monday: The Week Ahead

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

My Prediction

I decided to show the S&P 500 index on the daily scale.

I drew a horizontal red line from today's (Friday's) high price and extended it down to the bottom scale.

It shows that the index has recovered to where it was in February. That's still below the level when Trump took over the presidency.

The drop that ensued after inauguration was steep and swift.

Notice how the bottom is v-shaped but the top is more rounded shape. That's typical of bottoms and tops.

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 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACN, AYI, ALKS, AMZN, DOX, AXP, AFG, AIG, ARCB, ADM, AGO, ATO, AXS, BMI, BZH, BSX, BLDR, BG, CHKP, CVX, CIEN, CINF, CSCO, CLX, CNO, CTSH, CMTL, CXW, GLW, CR, EXP, EIX, EOG, EXC, FAST, FTV, FWRD, GNW, GPN, GOOGL, GPRO, GGG, HSII, HELE, HON, HOV, JBHT, HURC, IBP, IPG, IRM, KMB, KLAC, KSS, LZB, LEN, LNC, RAMP, MHO, M, MRK, MCO, NWL, OMC, OTEX, ORCL, PKG, PANW, PATK, PYPL, PETS, PCG, PINC, PRU, PHM, KWR, RJF, RHI, RCKY, SAIA, SEE, SCI, SHW, LUV, TRGP, TDOC, TER, TXT, TKR, TOL, RIG, TG, UIS, UNM, VECO, VRTX, WERN, WPM, WWW, IYK, IYE, IEZ, IHE, ICF, IYH, IAT, IYZ, IXC, MXI, IYF, ITB, EWH, EWS, DBA, PBE, PEJ, PXJ, PJP, PHO, XLY, XLE, XLF, GLD, XLV, XHB, XLI, XAR, UNG, 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.

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 6/6/25. 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: AMD, AFL, ALKS, AMZN, AMED, ADM, AWI, BMI, BKH, BA, BAH, BSX, CHKP, CLX, CMTL, CAG, COP, DHR, DECK, XRAY, DTE, EMN, EIX, EPAM, FCX, GME, GILD, GL, GMS, GPRO, HL, HUN, NSP, KMB, KLIC, LZB, LAMR, RAMP, LMT, MAN, MKTX, MRCY, MGEE, MU, MCO, ^IXIC, NTGR, NJR, NWL, NOC, ORI, OTEX, OR, PANW, PATK, PETS, PFE, PPG, PINC, PG, KWR, RMBS, RNG, SAIA, SHW, SCCO, TTD, TMO, TSCO, TG, UPS, UNM, VFC, VECO, WAT, WPM, WSC, WWW, IYE, FTEC, FXI, BOTZ, QQQ, IXC, IXN, ILF, SLV, EEM, EWH, EWM, EWS, EZA, EWY, QLD, PPA, PEJ, XLP, GLD, XLB, XAR, XLK, 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.

$ $ $

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), Foresight (#Ad)

Thursday 6/5/25. Intraday Market Direction: Nasdaq

$ $ $

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

There's not much to say about the chart. I drew a red line under the index because they valleys lined up. They show an uptrend that's too steep to be sustainable. (A slope of about 30 degrees is best). Of course, slope is hard to judge because of the aspect ratio (change the height or width on the image and the slope appears to change).

The green line shows a shallower slope. It looks like the index is moving sideways, either gathering for another push higher or forming a multi-peak pattern. It's too soon to tell, and on this scale (intraday), it's often meaningless, anyway.

$ $ $

Here's a symbol list of 177 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AFL, A, ALB, ALKS, DOX, AIG, AME, AMN, APA, ATR, ASH, BMI, BA, BKNG, BRC, CBT, CALM, CE, CHKP, CINF, CLX, CNA, CNO, CMTL, ED, CAG, COP, COTY, XRAY, DVN, DDS, DSGR, ^DJU, DTE, DUK, EIX, EOG, EPAM, EVRG, EXC, XOM, FICO, FLS, FCX, FDP, GME, GAP, IT, GD, GL, GS, GPRO, THG, HIG, HQY, HL, HELE, DHI, HOV, HUN, ITW, ILMN, PODD, IBKR, JNJ, KBH, KFRC, KMB, KSS, LANC, LEG, LEN, LNC, RAMP, LMT, LPLA, MHO, MANH, MTRX, MDT, MRK, MCO, NOV, NJR, NEE, NOC, OGE, ORI, ASGN, ON, OUT, PANW, PCTY, PNW, PINC, PFG, PGR, KWR, RGA, RLI, SAND, SCHW, SIGI, SHOP, SGI, SCCO, SR, TDC, TDG, TRV, TG, TWLO, UNM, VECO, WSO, WLK, WMB, IYM, IAI, IYE, IHE, FXL, FXI, ICF, IYH, IYZ, IEV, IXC, MXI, IGE, IYF, ITB, EWA, EWK, EWZ, EWC, ECH, EEM, EWQ, EWG, EPP, EZA, EWY, EWL, EWT, THD, TUR, EWU, PBE, PEJ, XLP, XLF, XHB, XLB, XLU, UNG, USO, 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.

$ $ $

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 6/4/25. 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 green vertical bar on the far right of the chart shows a bullish signal. It follows several days of neutral readings (white bars). Note: signals can change for up to a week.

The current CPI is 93.3 and the inset shows a zoom in without the color bands in the way. Way cool, right?

The big downward move in the CPI coincides with the red bar in mid May. The rest of the time, the indicator spent in neutral as the index moved sideways. The green bar suggests the sideways move is over and the index will power upward.

I have my doubts. One of these days, the government stats are going to show the effect of Trump's on again-off again tariffs and the market won't like it. So be prepared for more volatility.

$ $ $

Here's a symbol list of 110 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AEIS, A, ALK, ALKS, AMZN, APH, ANIK, AON, BALL, BAX, BAH, CBT, CALM, COR, CENX, CHKP, CLF, CMCO, CMTL, ED, CAG, COP, GLW, CSGP, CTS, DVN, DTE, DUK, EPAM, EVRG, EXC, EXPI, FTNT, GME, GAP, GNW, GILD, GL, GMS, GPRO, HQY, HTLD, HSIC, HOV, INCY, PODD, IPG, IRM, K, KMB, LZB, LH, RAMP, LPLA, NTAP, NKE, NI, NOC, ON, OTEX, OUT, OMI, PKG, PANW, PETS, PFE, PNW, PLXS, PINC, PGR, KWR, RL, RMBS, ROL, R, SBH, SEIC, LUV, SXI, SCS, TDY, TDC, TTD, RIG, TG, TWLO, WMB, WWD, IHE, IYH, ECH, EWH, EWT, PBE, PEJ, XLV, XAR, UNG, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Tuesday 6/3/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Transocean: RIG stock.

$ $ $

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, A, ALB, AA, ALGT, AXP, AME, AR, AON, BCPC, BAX, BZH, BA, CX, CNC, CMTL, CSGS, DVN, FANG, DSGR, EIX, EPAM, EXPD, EZPW, FNV, FCX, GNW, GES, HBI, HL, HSII, HSY, JBHT, IDXX, NSP, IPG, INTU, IRM, KALU, LZB, RAMP, M, MAN, MAS, MRCY, ^IXIC, NEE, OMC, ASGN, OR, OUT, OMI, PFE, PINC, PFG, RRC, REGN, RGS, ROL, RES, SAND, SAIC, LUV, SWX, TSCO, RIG, TZOO, TREX, VRSN, VC, WSO, WU, WLK, WPM, IHE, FTEC, QQQ, MXI, IXN, ILF, SOXX, SLV, EWA, EWG, EWH, EIS, EWM, EPP, QLD, PBE, PEJ, PXJ, XLY, XLK, UNG, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Monday 6/2/25. 2025 Forecast Update

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

Forecast

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

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 80 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ALB, AA, AMED, AEE, AFG, AME, AON, AAPL, ACGL, BALL, BZH, BIIB, BG, CBT, CX, CENX, CIEN, CLX, CTSH, CMCO, CMTL, COST, CROX, XRAY, EPAM, EXPD, FARO, FMC, FRD, GAP, GE, GIS, GNW, GILD, GPRO, GES, NSP, INTC, IPI, LH, RAMP, LXU, MRCY, MCO, MOS, NEE, NOC, ASGN, OR, OUT, PKG, PINC, RRC, SLB, SWX, SXI, TEVA, UHAL, UIS, VRTX, WMT, WPM, WOLF, ITA, IHE, IDU, ICF, ILF, EWZ, EEM, EWH, EWM, EWS, TUR, PPA. 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)

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My Stock Market Books Invest for Two-Comma Wealth Chart Patterns: After the Buy Encyclopedia of Chart Pattern, 3rd Edition Fundamental Analysis and Position Trading Getting Started in Chart Patterns, 2nd Edition Swing and Day Trading Trading Basics

My Novels Bumper's Story Orb Foresight  Head's Law Remember Me

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