As of 03/18/2025   Indus: 41,581 -260.32 -0.6%     Trans: 14,620 -138.25 -0.9%     Utils: 1,014 -3.36 -0.3%     Nasdaq: 17,504 -304.54 -1.7%     S&P 500: 5,615 -60.46 -1.1%	YTD -2.3%   -8.0%    +3.1%   -9.4%   -4.5%	Targets    Overview: 02/28/2025     40,000 or 43,500 by 04/01/2025   14,400 or 16,400 by 04/01/2025   1,050 or 970 by 04/01/2025   16,200 or 19,000 by 04/01/2025   5,300 or 5,900 by 04/01/2025
Chart Pattern Indicator: on 3/14/25

As of 03/18/2025   Indus: 41,581 -260.32 -0.6%     Trans: 14,620 -138.25 -0.9%     Utils: 1,014 -3.36 -0.3%     Nasdaq: 17,504 -304.54 -1.7%     S&P 500: 5,615 -60.46 -1.1%	YTD -2.3%   -8.0%    +3.1%   -9.4%   -4.5%
Targets    Overview: 02/28/2025     40,000 or 43,500 by 04/01/2025   14,400 or 16,400 by 04/01/2025   1,050 or 970 by 04/01/2025   16,200 or 19,000 by 04/01/2025   5,300 or 5,900 by 04/01/2025
Chart Pattern Indicator: on 3/14/25

Wednesday 3/19/25. 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.

Three trading day ago the CPI turned bullish (green vertical bar on far right of chart), but couldn't hold it. The indicator is neutral now. I show that with a white bar.

The inset (upper left) shows how the indicator progressed over time, going back to January. The blue line shows a distinct hump a few days ago when the markets soared, but has since returned to earth. The most recent reading of 36.7, is less than 2 points above bearish territory.

The index looks like it's forming a measured move down pattern. The pause we see is part of the corrective phase and it represents indecision. I expect the downtrend to continue.

$ $ $

Here's a symbol list of 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, AES, AFL, ALB, AA, AMZN, AMED, AIG, ANIK, AR, AAPL, ASH, AGO, BAX, BECN, BIIB, BMY, CBT, CDNS, CALM, CPB, CENX, CF, CLNE, CLF, CNX, CL, CAG, COP, CRH, FANG, DFS, BOOM, ECL, EME, EQT, EXPD, FAST, FORM, FCX, GIS, GILD, GPRO, GES, HSII, HSY, JBHT, ITW, ILMN, INTC, JKHY, JBLU, JNJ, KALU, KELYA, KFRC, MTSI, MGY, MANH, MCHX, MLM, MTDR, MTRX, MDT, MU, MUR, NBR, NOV, NFLX, NTNX, NVDA, OXY, ORI, OLN, OR, PANW, PG, PEG, PSTG, RMBS, RRC, RCKY, ROG, RGLD, SCHW, SMTC, LUV, SR, SXI, SCS, TRGP, TECH, TFX, TEVA, RIG, TZOO, TG, VLO, VECO, WU, WLK, WMB, WOLF, WWD, IXC, MXI, EWZ, EWH, EWI, EZA, EWP, TUR, PXJ, XLY, XLE, GLD, XLV, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Foresight (#Ad)

Tuesday 3/18/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring United Online: UNTD stock.

$ $ $

Here's a symbol list of 85 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACIW, AES, ALK, ALB, AA, AMZN, AMGN, AIZ, ATO, AXS, BAH, CACI, CE, CIEN, CI, CTAS, CTS, DVN, EL, EVRG, EVH, FICO, FARO, FCX, HL, HSII, HNI, HOLX, HUBG, INCY, IPAR, JAZZ, JNJ, K, LH, LLY, LNC, MTDR, MOS, MUR, NEU, NOC, NTNX, PDCO, PAYX, RLI, SBH, STR, SCCO, TEVA, UNM, MDRX, V, XEL, ZBRA, IHE, ICF, IEV, MXI, ILF, IEO, EWA, EWO, EWK, EWZ, ECH, EEM, EWQ, EWH, EWI, EWJ, EWM, EWW, EWY, EWP, EWL, TUR, IBB. 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), Foresight (#Ad)

Monday 3/17/25. Market Monday: The Week Ahead

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

My Prediction

This is a chart of the S&P 500 index. Not much appears on the chart in terms of chart patterns.

ABC is a triple top. It confirms as a valid chart pattern when the index drops below the lowest valley between the three peaks

I show that price at D with a horizontal red line.

After confirmation, the index makes a startling drop to the recent low.

What comes next? That's impossible to predict with any certainty. Political moves are throwing the markets around.

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 133 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AXDX, ACIW, AYI, AMD, ALRM, AMZN, AXP, AME, AMN, APH, ACGL, ADSK, AXS, BZH, BKNG, BRC, BFH, CE, CF, CINF, CNO, CMCO, CTS, CMI, ^DJI, DOV, EME, EVH, EXPI, FICO, FARO, FLS, FTV, HL, HWM, HUM, IEX, IIIN, IPAR, IPI, JAZZ, JNJ, LLY, LNC, RAMP, MKTX, MTRN, MU, MS, MOS, ^IXIC, JWN, NTNX, NVDA, ORI, PATK, PYPL, PLXS, PPL, PHM, KWR, RJF, RGA, RNG, ROK, ROG, ^GSPC, SAND, SEE, NOW, SHOP, SPSC, SNPS, TRGP, TDG, RIG, UIS, UNM, VMI, MDRX, VRSN, WMB, ZBRA, IAI, IYC, IEZ, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IAT, IGV, IXN, ILF, IYF, EWO, EWK, EWZ, EWC, ECH, EWG, EWH, EIS, EWJ, EWM, EWW, EWY, EWP, EWD, THD, TUR, QLD, DBA, PBE, PXJ, SSO, XLY, XLF, XRT, SPY, XLK, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

The 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), Foresight (#Ad)

Friday 3/14/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 89 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AXDX, ACIW, ADBE, ATSG, ALKS, AR, ACGL, ARW, AXS, CPB, CE, CDAY, CINF, CL, CMTL, CAG, CR, DFS, BOOM, EPAM, EL, EXPD, FICO, FARO, FCX, FRD, GIS, HL, HSII, HP, HNI, HOLX, INTC, IPAR, JAZZ, JNJ, LLY, M, MRCY, MOS, MLI, NFG, NI, NTNX, ORI, PKE, PTEN, PFG, RCKY, SBH, SAND, SCHW, SCCO, SWX, SXI, SCS, SRDX, TRGP, RIG, UNM, WAT, WU, WSC, IYK, IHE, FXI, BOTZ, ILF, ITB, ECH, EWH, EWM, EWD, EWT, PBE, PXJ, PJP, ROBO, XLP, GLD, 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.

$ $ $

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 3/13/25. Intraday Market Direction: Nasdaq

$ $ $

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

I drew a red trendline downward, connecting the bottoms. It looked like the valleys aligned, so that's why I drew the line. It acts as support, as the chart shows where it bounced off the line.

I've never been able to rationalize why trends form, why price bounces off a trendline that really isn't there. But it does.

Anyway, the trendline was a sideshow. I wanted to show what I think will happen with the index. That is, it'll form a second bottom (right green circle), similar to the first green circle (left one).

It'll form an unconfirmed double bottom, which are two valleys near the same price. Of course, political events can change the landscape, so this is just a guess.

$ $ $

Here's a symbol list of 125 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ANF, AXDX, ACIW, AYI, ALKS, ALGT, AMZN, AMED, AEP, AMGN, AMN, ACGL, ADM, ARW, AVY, AVNT, AXS, BMI, BIIB, BA, BRC, CALM, CE, CX, CVX, CI, CINF, CLX, CNO, CNX, CL, COTY, CROX, CCK, XRAY, D, EIX, EPAM, EG, EXPI, XOM, FICO, FARO, FRD, GME, GIS, GNW, GL, THG, HL, HSII, HNI, HOLX, HUBG, HUN, IPAR, IRM, JAZZ, JBLU, JNJ, KALU, KSS, LLY, LNC, MTSI, MRCY, MOS, MLI, NBR, NTGR, JWN, NUS, NTNX, OXY, ORI, OLN, OXM, PANW, PDCO, PCG, POR, PPG, PFG, QTWO, ROG, SHW, SXI, SCS, SSYS, TER, TKR, UPS, UNM, VECO, VEEV, WRB, WMT, WAT, WERN, WSC, WOLF, IYM, IYZ, IEV, ITB, EWK, EWH, EWM, EWD, EWL, TUR, PJP, PHO. 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), Foresight (#Ad)

Wednesday 3/12/25. 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.

As one might have guessed, the CPI is bearish. It turned bearish a few weeks ago. I show that on the chart with a vertical red bar on the far right of the chart.

Because of the market decline, the CPI has remained bearish. It has a reading of 12.5, which is bearish as I said.

The inset in the upper left shows the indicator over the last few months. It's been moving lower. Usually when the indicator nears or hits 0, we see a fast bounce up. You can see that in August and against in September.

This time appears to be different. I'm looking for a continued downtrend in the markets.

$ $ $

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: DDD, MMM, ABT, AXDX, ACIW, ALB, AEP, AMGN, AMN, ACGL, ADM, AWI, AVY, AXS, AZTA, BMI, BIIB, BKNG, BRC, CBT, CAL, CE, CVX, CI, CINF, CNO, CNX, CAG, COTY, CCK, D, EBAY, EIX, EG, XOM, EZPW, FICO, FARO, FISV, FDP, GNW, GOOGL, GFF, GES, HBI, HL, HELE, HNI, HOLX, HOV, HUBG, HURC, IEX, IDXX, NSP, IBP, IIIN, IPAR, TILE, JAZZ, JBLU, JNJ, KMB, KSS, LRCX, LLY, RAMP, MTSI, MGY, MRTN, MTDR, MRCY, MOS, NWL, NUS, NTNX, OXY, ORI, ORCL, OR, OXM, POR, PPG, PFG, DGX, RLI, RES, SRE, SHW, LUV, SWX, TER, TXN, TSCO, TG, UIS, UPS, UNM, WRB, WAT, WLK, IYM, IYK, IYE, IYZ, IEV, IXC, SLV, ITB, EWG, EWH, EWJ, EWM, EWS, EZA, EWY, EWP, EWL, PJP, XLE, GLD. 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), Foresight (#Ad)

Tuesday 3/11/25. Slider Trading Quiz!

$ $ $

If the Nasdaq continues to decline at the same rate as it did today (down 4%), it'll reach single digits (that is, below 10 from the 18,196 it hit Friday) in 185 days or about 6 months. That doesn't account for days it spurts upward and it assumes we trade on the weekends. In trading days, that's about 9 months. Add in the up-days and we can reach it in, oh, maybe 2 years (as a guess, I didn't calculate this). In two years, we have the opportunity to kick out many in congress during the mid-terms. Think about it.

Good news, bad news. First the good news. This is a terrific time to buy. The markets are down. You can buy quality at an affordable price. Stocks will recover. The bad news is it will likely be a better time to buy tomorrow, and the day after that, and ....

$ $ $

I show another slider trading quiz featuring Universal American Financial: UHCO stock.

$ $ $

Here's a symbol list of 75 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ADTN, ALK, ALKS, ALGT, AXP, APA, APOG, ATO, BIIB, BKNG, BFH, CNP, CENX, CLX, CNO, CL, CAG, COST, CCK, DFS, DUK, EME, EVRG, EZPW, GNW, GOOGL, HELE, HUBG, IPAR, ISRG, JNJ, LNC, RAMP, NEE, OMCL, ORCL, PAYX, PFG, PG, RL, REGN, RGS, RHI, SBH, SLB, SMG, SIGI, NOW, SGI, SWX, SR, TDOC, TDC, UGI, VFC, VRTX, WRB, WMT, WSO, IEV, IHI, EWH, EWM, EWY, EWL, TUR, PJP, XLB, UNG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Monday 3/10/25. Market Monday: The Week Ahead

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

My Prediction

This is the Nasdaq composite on the daily scale.

The three peaks are a chart pattern called a triple top. It confirms as a valid chart pattern when the index closes below red line A. That line connects the lowest valley in the pattern.

As you can see, the composite has continued below line A.

To determine a price target, use the measure rule.

The measure rule isn't a rule at all, but a guideline that indicates how often a security will meet a target. In this case, subtract the height of the pattern, from tallest peak to lowest valley between the two outer peaks, from the red line. The result becomes the target. If the computed value is below 0 or unusually large (like over 20%), then ignore it.

Triple tops in stocks meet the target 49% of the time but if you use half the height, the hit rate climbs to 72%. In this case, the composite hasn't declined far enough to reach the full-height target yet, but it's close.

I drew the green line from today's (Friday's) low to the left and circled what I view as support. The index might turn upward on Monday after bouncing off support today. However, I'm assuming that it'll continue to drop (for the Target at page top).

Why?

Often trends last longer than most people expect. I want to see more evidence of a turn before changing the target.

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 88 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABM, AXDX, ADTN, ALK, AXP, AMN, APH, ANIK, AON, ANET, ADP, AXS, BSET, BIO, BRKR, CACI, COR, CINF, CNO, CSGP, COST, CR, CCK, DFS, EXP, EBAY, ECL, EME, XOM, FIS, GES, HBI, HD, ISRG, JBLU, JNJ, LNC, RAMP, MTSI, MCHX, MTRX, MYGN, NBR, NOC, OMCL, ASGN, ORCL, PATK, PETS, PINC, QCOM, RL, RCKY, SIGI, SGI, RIG, VFC, VLO, VRSN, VRTX, WMT, WEX, WSM, IYM, IYE, IEV, MXI, IHI, EWA, EWO, EWQ, EWG, EWH, EWM, EWL, TUR, PEJ, PJP, XLE, XLB. 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), Foresight (#Ad)

Friday 3/7/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 54 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: A, AEO, AMWD, AXS, BOOT, BMY, BLDR, CALM, CPB, CLS, CHD, CINF, CNA, CNO, CCRN, EME, EFX, EVRG, GMS, HBI, HNI, HUBG, IRM, JNJ, KBH, MHO, MTSI, M, MKTX, MTDR, MTRX, ORCL, PDCO, PEG, RRC, SIGI, TMO, VRTX, V, WAT, WU, WOLF, IEV, IHI, EWO, EWH, EZA, TUR, PJP, XLF. Click this link for details (pattern type, start and end dates).

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

$ $ $

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 3/6/25. Intraday Market Direction: Nasdaq

$ $ $

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

I drew a down-sloping trendline, shown in red, along the price peaks over the 10-days the chart covers.

The index peaked above the line today (Wednesday), about midday.

I also drew a horizontal green line which is important to the 12 pattern. Pattern 12 is an ugly double bottom. It's supposed to confirm as a valid pattern once the index closes above the green line. However, on this scale, with this chart, I can't tell if it did or not.

If it confirms, it suggests the market will recover. If unconfirmed, then the markets might still be nervous and subject to drop again.

$ $ $

I released a new version of Patternz. Mostly it's bug fixed but I added some small chart patterns.

$ $ $

Here's a symbol list of 115 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AEE, AEP, AMGN, APOG, AWI, ASH, ATO, ADP, BCPC, BMRN, BKH, BSX, CAL, CE, COR, CDAY, CHD, CSCO, CLX, CNA, CAG, COST, CROX, FANG, DUK, EMN, EFX, EQT, EVRG, EXC, FCX, GAP, THG, HNI, HUBG, IDA, ISRG, JNJ, LHX, LZB, LAMR, LEG, LDOS, LLY, LPLA, M, MTRX, NWL, NEU, NI, NUS, OUT, PETS, PNW, POR, PPL, QTWO, RGS, ROP, SAND, SLB, SIGI, STR, TRGP, TXT, TJX, TDG, TG, VLO, VRSN, VRTX, WAT, XEL, IYM, IYE, IHE, IYH, IAT, IEV, IXC, MXI, ILF, IGE, IEO, ITB, EWO, EWK, EWC, EWQ, EWG, EWH, EWI, EWS, EZA, EWP, EWD, TUR, EWU, PJP, XLE, XLF, XLU, UNG, USO, VHT, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Wednesday 3/5/25. A Look at the Chart Pattern Indicator (CPI)

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

The CPI turned bearish as the red bar on the far right of the chart shows. It's been cycling between neutral and bearish for a while now, but it started dropping when Trump took over.

I'm not kidding.

The inset shows the last trading day, Friday, January 17, before Trump was inaugurated. Since then, the CPI has dropped. Today, it hit 6.5 where 0 is the lowest it can go.

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Here's a symbol list of 227 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, AXDX, AES, APD, AKAM, ALK, ALB, ALGT, ALL, AEE, AEO, AEP, AXP, AME, AMN, APH, AR, ARW, ASH, ATO, ADP, AVY, BZH, BBY, BIO, BIIB, BKH, BA, BOOT, BCO, BMY, BG, COR, CNP, CDAY, CF, CRL, CVX, CHD, CTAS, CSCO, CLF, CLX, CNA, CAG, GLW, CR, CRH, CMI, FANG, DDS, DFS, ^DJU, D, DOV, DTE, DUK, EXP, EME, EVRG, EXC, XOM, EZPW, FDX, FLS, GILD, GPN, HBI, THG, HE, HSII, HNI, HWM, HUBG, IDA, IIIN, IBKR, IPG, IPI, JAZZ, JBLU, JNJ, KEYS, KMB, LZB, LEG, LNC, LMT, LPLA, LXU, MTSI, M, MGY, MCHX, MTDR, MTRN, MTRX, MRK, META, MS, NOV, NFLX, NEU, NI, OXY, OMCL, ORCL, OMI, PKG, PATK, PTEN, PCTY, PYPL, PETS, PNW, POR, PPL, PG, QTWO, RJF, RGS, RGA, ROK, ROST, SEIC, SIGI, SCI, SHW, SHOP, SLGN, STR, SKYW, LUV, SCS, SSYS, TPR, TRGP, TGT, TDOC, TKR, TRV, TG, TREX, VFC, VLO, VRSN, VRTX, VC, WRB, WU, WPM, WSC, WWD, XEL, ZBRA, IYM, IAI, IYK, IYE, IDU, ICF, IYH, IAT, IXC, IGE, IEO, ITB, EWA, EWK, ECH, EWQ, EWH, EIS, EWM, EZA, EWT, TUR, DBA, PBE, PEJ, PJP, XLP, XLE, GLD, XLV, XLI, XLB, XLU, 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), Foresight (#Ad)

Tuesday 3/4/25. Slider Trading Quiz!

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I show another slider trading quiz featuring UNUM Provident: UNUM stock.

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Here's a symbol list of 328 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, AMD, AES, APD, ALK, ALB, AA, AMZN, AEP, AXP, AME, AMGN, APH, ANIK, APA, APOG, AMAT, ACGL, ADM, ANET, ARW, AVY, AVNT, BZH, BKH, BA, BOOT, BAH, BSX, BFH, BCO, BMY, BG, CBT, CDNS, CAL, CE, CLS, CDAY, CF, CRL, CVX, CSCO, CLNE, CLF, CGNX, CMCO, ED, COP, GLW, CR, CRH, CROX, CTS, CMI, CW, DHR, DECK, DVN, FANG, DDS, DFS, ^DJT, ^DJI, DOV, EXP, EMN, EBAY, EME, EMR, EOG, EVRG, EXC, XOM, EZPW, FFIV, FARO, FAST, FDX, FLEX, FLS, FORM, FTNT, FCX, IT, GIS, GNW, GPN, GFS, GMS, GS, GOOGL, GGG, GFF, HQY, HSII, HELE, HP, HSIC, HNI, HD, DHI, HOV, HWM, HUBG, JBHT, HUN, ITW, IIIN, INTC, IBKR, IPG, IPI, JAZZ, JNJ, KMT, KEYS, KLAC, KSS, KLIC, LZB, LAMR, LEG, LNC, LMT, LOW, LPLA, LXU, MTSI, M, MGY, MANH, MCHX, MRTN, MAS, MTDR, MTRN, MTRX, MRK, META, MGEE, MU, MSFT, MLKN, MS, MUR, NBR, ^IXIC, NOV, NFLX, NTGR, NTAP, NWL, NEU, NKE, NUS, OXY, ORI, OLN, OMC, ORCL, PKG, PANW, PATK, PTEN, PYPL, PETS, PLXS, PSTG, QTWO, QCOM, RL, RMBS, RJF, RGS, RGA, RHI, ROK, ROST, RES, R, ^GSPC, SAIA, CRM, SBH, SLB, SCHW, SAIC, SMG, SEE, SEIC, SCI, NOW, SHW, SHOP, STR, SKX, SKYW, SCCO, SPSC, SSYS, TGT, TDOC, TDC, TER, TMO, TKR, TOL, TSCO, TDG, TREX, TWLO, VLO, VMI, VECO, VEEV, VRTX, WAT, WERN, WU, WLK, WPM, WSC, WWW, WWD, WDAY, ZBRA, IYM, IYC, IYE, IEZ, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IYH, IAT, IGV, IXC, MXI, IXN, SOXX, IGE, IEO, ITB, EWO, EWK, EWC, EEM, EWI, EWM, EPP, EWY, EWL, EWT, TUR, EWU, QLD, IBB, DBA, PBE, PEJ, PXJ, PJP, PHO, SSO, ROBO, XLY, XLE, XLV, XHB, XLI, XLB, XRT, SPY, XLK, USO, SMH, VHT, VIS, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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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 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), Foresight (#Ad)

Monday 2/3/25. 2025 Forecast Update

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

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 130 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AYI, AEIS, AES, A, AA, AEP, AMWD, ANIK, AR, ASH, AGO, BZH, BKH, BAH, BMY, BBW, CRL, CINF, CLF, CTSH, CSGP, CR, CROX, DHR, DDS, DOV, ECL, EOG, EPAM, EFX, EQT, EZPW, FICO, FIS, FIVN, GAP, GNW, GES, HL, HSIC, HWM, IIIN, JNJ, KEYS, LLY, LNC, LMT, MTSI, M, MAN, MRTN, MRK, MLKN, MCO, MOS, NFLX, NEU, OXY, ORI, OMCL, ORCL, PDCO, PTEN, PCTY, RCKY, SAIC, SIGI, SHOP, SCCO, LUV, TRGP, TDOC, TFX, TDG, VMI, MDRX, VRSN, VRTX, VMC, WSC, WWD, XEL, ITA, IEZ, BOTZ, IHF, ILF, IGE, IEO, EWA, EWZ, EEM, EWQ, EWG, EWI, EWM, EWW, EPP, EZA, EWY, EWP, THD, PPA, DBA, PBE, PEJ, PXJ, PJP, ROBO, GLD, XLV, 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.

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), Foresight (#Ad)