Bulkowski's Blog: ThePatternSite.com
As of 03/02/2026
  Indus: 48,905 -73.14 -0.1%  
  Trans: 19,758 +69.11 +0.4%  
  Utils: 1,181 -9.29 -0.8%  
  Nasdaq: 22,749 +80.65 +0.4%  
  S&P 500: 6,882 +2.74 +0.0%  
YTD
 +1.8%  
 +13.8%  
 +10.6%  
-2.1%  
 +0.5%  
  Targets    Overview: 02/27/2026  
  Up arrow50,500 or 47,900 by 03/15/2026
  Up arrow20,200 or 18,150 by 03/15/2026
  Up arrow1,300 or 1,160 by 03/15/2026
  Up arrow24,750 or 21,800 by 03/15/2026
  Up arrow7,250 or 6,600 by 03/15/2026
As of 03/02/2026
  Indus: 48,905 -73.14 -0.1%  
  Trans: 19,758 +69.11 +0.4%  
  Utils: 1,181 -9.29 -0.8%  
  Nasdaq: 22,749 +80.65 +0.4%  
  S&P 500: 6,882 +2.74 +0.0%  
YTD
 +1.8%  
 +13.8%  
 +10.6%  
-2.1%  
 +0.5%  
  Targets    Overview: 02/27/2026  
  Up arrow50,500 or 47,900 by 03/15/2026
  Up arrow20,200 or 18,150 by 03/15/2026
  Up arrow1,300 or 1,160 by 03/15/2026
  Up arrow24,750 or 21,800 by 03/15/2026
  Up arrow7,250 or 6,600 by 03/15/2026

March 2026 Headlines

Archives


Tuesday 3/3/26. Slider Trading Quiz!

The Dow dropped by -0.1% or -73.14 points. Since 10/01/1928 the Dow made 1414 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 740 occasions.
     Average loss was -0.7% on 674 occasions.
Expect the Dow to close higher 52.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 329/600 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 63/129 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Pfizer: PFE (actual trade).

$ $ $

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, AKAM, AMN, APH, AIZ, ATO, ADP, AXS, AZTA, BZH, BBW, CBT, CALM, CPB, CE, CX, CF, CRL, CMTL, COP, CROX, CCRN, EL, EVH, FIVN, FWRD, GNW, GILD, GPN, THG, HIG, DHI, IIIN, KALU, KBH, KSS, KLIC, LHX, LEN, LMT, MTSI, M, MGY, MKTX, MLM, MAS, MTRX, MDT, MRCY, MCO, MUR, NFG, NTGR, NOC, NWPX, NUS, NTNX, OXY, ORI, OLN, OR, PKE, PTEN, PPG, KWR, DGX, RL, ROG, RGLD, RES, R, SEE, SEIC, SMTC, SLGN, SKYW, SR, SPSC, TFX, TKR, TOL, TDG, RIG, VLO, VECO, WRB, WAT, WSO, WSC, WWW, XEL, ITA, IYE, QTEC, FXL, FXI, BOTZ, IAT, IXC, SLV, IEO, ITB, EWO, EWK, ECH, EWH, EWM, EWS, EWP, TUR, PPA, PJP, XLE, XAR, 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.

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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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  47,239.57    
 Weekly S2  47,996.49  756.91   
 Monthly S1  48,072.18  75.69   
 Daily S2  48,095.76  23.59   Yes! The Daily S2 is close to the Monthly S1.
 Low  48,377.96  282.20   
 Weekly S1  48,450.63  72.67   
 Daily S1  48,500.27  49.64   Yes! The Daily S1 is close to the Weekly S1.
 61.8% Down from Intraday High  48,640.28  140.01   
 50% Down from Intraday High  48,721.32  81.04   
 Daily Pivot  48,782.47  61.15   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Open  48,794.42  11.95   Yes! The Open is close to the Daily Pivot.
 38.2% Down from Intraday High  48,802.35  7.93   Yes! The 38.2% Down from Intraday High is close to the Open.
 Close  48,904.78  102.43   
 High  49,064.67  159.89   
 Weekly Pivot  49,132.93  68.25   Yes! The Weekly Pivot is close to the High.
 Daily R1  49,186.98  54.05   Yes! The Daily R1 is close to the Weekly Pivot.
 Monthly Pivot  49,292.48  105.50   
 Daily R2  49,469.18  176.70   
 Weekly R1  49,587.07  117.89   
 Monthly R1  50,125.09  538.01   
 Weekly R2  50,269.37  144.28   
 Monthly R2  51,345.39  1,076.03   

Monday 3/2/26. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transport on the daily scale.

This is a chart of the Dow transports on the daily scale.

The only relevant chart pattern is the most recent one, highlighted here at A.

It's a symmetrical triangle. However, it's a flawed pattern. There's only one minor low on the bottom. The trendline cutting through price doesn't count as a touch.

On the top, you see two minor highs when I prefer to see three or more (same for the bottom).

Even so, the narrowing price movement is clear. The breakout direction is unknown. A downward breakout could see price fall dramatically and far. An upward breakout may see price struggle to rise.

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A Brief Look Back

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

Monday: Down 821.91 points.
Tuesday: Up 370.44 points.
Wednesday: Up 307.65 points.
Thursday: Up 17.05 points.
Friday: Down 521.28 points.

For the Week...

The Dow industrials were down 648.05 points or 1.3%.
The Nasdaq composite was down 217.86 points or 1.0%.
The S&P 500 index was down 30.63 points or 0.4%.

Year to Date...

Dow Industrials
     3.0% down from the high of 50,512.79 on 02/10/2026.
     2.4% up from the low of 47,853.04 on 01/02/2026.
Nasdaq
     5.5% down from the high of 23,988.27 on 01/28/2026.
     1.8% up from the low of 22,256.76 on 02/17/2026.
S&P 500
     1.8% down from the high of 7,002.28 on 01/28/2026.
     1.5% up from the low of 6,775.50 on 02/17/2026.

Options Expiration

No options expire this week.

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Swing Traders: Pivot Points

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

IndexS2S1PivotR1R2
Dow Industrials (^DJI): Daily  48,395  48,687  48,970  49,261  49,545 
Weekly  48,021  48,499  49,157  49,636  50,294 
Monthly  47,264  48,121  49,317  50,174  51,370 
S&P500 (^GSPC): Daily  6,813  6,846  6,865  6,897  6,916 
Weekly  6,745  6,812  6,882  6,949  7,019 
Monthly  6,659  6,769  6,886  6,996  7,112 
Nasdaq (^IXIC): Daily  22,450  22,559  22,647  22,757  22,845 
Weekly  22,147  22,408  22,789  23,049  23,430 
Monthly  21,240  21,954  22,971  23,685  24,703 

Here are the formulas:

Pivot point: P = (H + L + C)/3
First resistance level: R1 = (2 * P) - L
First support level: S1 = (2 * P) - H)
Second resistance level: R2 = P + (R1 - S1)
Second support level: S2 = P - (R1 - S1)
H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

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

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: DDD, AEIS, AES, AFL, AKAM, ALB, AMGN, AMN, APH, APA, AAPL, ATR, AGO, BBY, BCO, CALM, CE, CNC, CRL, CHD, CLNE, CNX, CMCO, CAG, CCRN, XRAY, ECL, EME, EQT, FISV, FLS, FCX, THG, TILE, IPI, KSS, LAMR, LEN, M, MRK, MLKN, MCO, MUR, NFG, NFLX, NKE, NOC, OLN, OMCL, OR, OUT, PTEN, PETS, PPG, KWR, QCOM, RRC, REGN, ROG, RGLD, SMTC, SR, TGT, TDY, TFX, TER, MZTI, TG, TWLO, UNH, VFC, VLO, VECO, WMT, WSO, WLK, WSM, XEL, IHE, FTEC, FXL, FXI, BOTZ, IYH, IAT, IYZ, IXN, SLV, EWK, EWH, EIS, EWM, EWT, TUR, IBB, PBE, SSO, GLD, XLV, SPY, 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.

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

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Telecom. Equipment2. Telecom. Equipment
3. Metals and Mining (Div.)3. Semiconductor
4. Semiconductor4. Oilfield Svcs/Equipment
5. Oilfield Svcs/Equipment5. Metals and Mining (Div.)
6. Machinery6. Air Transport
7. Air Transport7. Machinery
8. Trucking/Transp. Leasing8. Trucking/Transp. Leasing
9. Biotechnology9. Apparel
10. Investment Co. (Foreign)10. Metal Fabricating
Best Performing AboveWorst Performing Below
50. Financial Services50. Financial Services
51. Healthcare Information51. Medical Services
52. Building Materials52. IT Services
53. IT Services53. Healthcare Information
54. Short ETFs54. Short ETFs
55. E-Commerce55. E-Commerce
56. Investment Co. (Domestic)56. Investment Co. (Domestic)
57. Internet57. Internet
58. Information Services58. Information Services
59. Computer Software and Svcs59. Computer Software and Svcs
60. Human Resources60. Human Resources

-- Thomas Bulkowski

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