As of 05/16/2025   Indus: 42,655 +331.99 +0.8%     Trans: 15,159 +118.21 +0.8%     Utils: 1,043 +15.20 +1.5%     Nasdaq: 19,211 +98.78 +0.5%     S&P 500: 5,958 +41.45 +0.7%	YTD  +0.3%   -4.6%    +6.1%   -0.5%    +1.3%	Targets    Overview: 05/12/2025     43,700 or 40,900 by 06/01/2025   16,000 or 14,000 by 06/01/2025   1,075 or 1,000 by 06/01/2025   19,500 or 17,700 by 06/01/2025   6,000 or 5,600 by 06/01/2025
Chart Pattern Indicator: on 4/15/25

As of 05/16/2025   Indus: 42,655 +331.99 +0.8%     Trans: 15,159 +118.21 +0.8%     Utils: 1,043 +15.20 +1.5%     Nasdaq: 19,211 +98.78 +0.5%     S&P 500: 5,958 +41.45 +0.7%	YTD  +0.3%   -4.6%    +6.1%   -0.5%    +1.3%
Targets    Overview: 05/12/2025     43,700 or 40,900 by 06/01/2025   16,000 or 14,000 by 06/01/2025   1,075 or 1,000 by 06/01/2025   19,500 or 17,700 by 06/01/2025   6,000 or 5,600 by 06/01/2025
Chart Pattern Indicator: on 4/15/25

Monday 5/19/25. 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 Nasdaq composite on the daily scale.

ABC is a triple top, denoted by peaks A, B, and C.

But there's another interpretation, that of an inverted roof. I show that outlined in green.

The pattern turned bearish when the index tumbled after the pattern completed.

The two red lines that slope upward on the far right of the chart show a slope that's not sustainable. That means look for the index to drop (retrace the prior gain).

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 88 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, ADTN, AES, APD, AMZN, AEO, AFG, APA, ATR, ARW, AZTA, BIO, CALM, CX, CNP, CENX, CDAY, CI, CTAS, CTSH, ELV, EVH, EXPD, FFIV, FMC, FORM, FCX, GD, GNW, GS, GGG, GES, HTLD, HSY, HOLX, IEX, TILE, JAZZ, KLAC, KSS, LZB, MGY, MLM, MA, MTDR, MTRN, MU, JWN, NTNX, PFE, PLXS, PINC, DGX, ROP, ROST, SCHW, SAIC, SEE, SIGI, STR, TGT, TZOO, VLO, VMC, XEL, IYM, IHE, DDM, FXI, IYZ, IYF, IHI, EWP, THD, TUR, DBA, PEJ, XLF, GLD, XLB, XRT, USO, 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 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 5/16/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 111 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, ACN, AFL, ALB, AMZN, AMED, AFG, AME, AON, ATR, ADM, AGO, AVY, AZTA, BOOT, BR, CACI, CALM, CX, CENX, CDAY, CRL, CVX, CTAS, CSCO, CNA, CMTL, CAG, CSGP, CR, CRH, DHR, ^DJI, ELV, EPAM, EVH, FDX, FCX, GD, GE, GNW, HTLD, HP, HOLX, HUM, TILE, JNJ, KEYS, KSS, LMT, LOW, MLM, MA, MCO, MOS, MUR, NEE, NKE, NOC, NUS, OXY, ORI, OLN, PANW, PTEN, PFE, PCG, PINC, QTWO, RJF, ROP, ROST, ^GSPC, SEIC, SRE, SXI, SRDX, TXN, TRV, TZOO, UNH, VFC, VEEV, WSM, ITA, IYK, ICF, IHF, IYZ, IGE, IYF, EWJ, EWS, EZA, EWL, THD, TUR, DBA, PJP, SSO, XLP, XLF, GLD, SPY, UNG, USO, 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), Foresight (#Ad)

Thursday 5/15/25. Intraday Market Direction: Nasdaq

$ $ $

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

There's not much to discuss in the chart.

Pattern A is called a falling wedge. It has two down-sloping trendlines that converge. Most of the time (68%), the breakout is upward. An upward breakout happens when the index closes above the top trendline. We see an upward breakout here, near B.

B points to a common retrace that I call a throwback. It happens when price returns to the breakout price within a week.

Line C is a trendline drawn below the valleys. Given its slope, not too steep and not too shallow, it could continue going higher for quite some time. However, the general market is weakening, so I expect the uptrend to stop soon.

$ $ $

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, ADTN, AMD, ALB, ALGT, AMZN, AEP, ANIK, APOG, ADM, AVA, AZTA, BSET, BZH, BRKR, CPB, CLS, CX, CENX, CDAY, CRL, CGNX, CTSH, ED, CXW, GLW, CRH, CTS, DHR, ELV, EFX, EVH, EXC, FICO, FARO, FLEX, FDP, GME, GIS, GPRO, GGG, THG, HLIT, HIG, HTLD, HL, HOLX, HD, HUM, HURC, ITW, PODD, JKHY, KALU, K, LH, L, LOW, NTGR, NOC, NVDA, OMCL, ASGN, PKG, PAYX, PFE, PNW, PLXS, POR, PPG, PINC, PGR, PSTG, QTWO, REGN, RCKY, ROST, RGLD, R, SEE, SO, SR, TZOO, UHAL, UPS, UNH, UNM, VEEV, WPM, FXI, IHF, IYZ, IEV, SLV, IHI, EWO, EWC, ECH, EEM, EWG, EWH, EWI, EWJ, EWM, EWY, EWP, TUR, EWU, PPA, PEJ, PHO, XLP, XLF, GLD, 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 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 5/14/25. 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 is bullish as shown by the vertical green bar on the far right of the chart. It's been bullish for about 3 weeks now.

However, look at the trend of the indicator versus the index. A line drawn along the peaks on the CPI line shows a slight downward trend. A line drawn along the peaks in the index shows a rising trend.

That's called bearish divergence. The two indicators diverge (one slopes up and one down). The theory is that the index will follow the CPI down.

I think that's likely. The index has been moving higher for too long. It's overextended and it needs to pause for a time before resuming the uptrend. So that's what I anticipate, a retrace-rise move.

Using the right scale (which is for the CPI, but I'm using it only as a reference), I expect a drop back to 288, which is where a knot appears. That should support price.

$ $ $

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: DDD, AES, ALGT, AEP, APOG, AAPL, ATR, AVY, AVA, AXS, AZTA, BA, BRKR, CPB, CLS, CX, CENX, CDAY, CI, CTAS, CTSH, CL, ED, CTS, ^DJI, D, DOV, DUK, EXP, ELV, EFX, EQT, EVRG, EVH, EXC, EXPD, FFIV, FARO, FISV, FWRD, FNV, FDP, GME, GD, GIS, GGG, THG, HIG, HTLD, HP, HSY, HOLX, HD, HUM, HURC, IDA, ITW, IPAR, JKHY, KALU, KBH, KEYS, LHX, L, LOW, MA, META, ^IXIC, NVDA, OGE, ASGN, ORCL, PFE, PNW, PLXS, PPG, PPL, PINC, PRU, RGS, ROP, ROST, SAIA, SAND, SIGI, SCI, SO, SWX, SR, SCS, SRDX, TER, TDG, UHAL, UPS, UNH, WPM, WOLF, IYK, FTEC, FDN, FXL, BOTZ, QQQ, IHF, IYZ, IGV, IHI, EWA, EWZ, EWQ, EWI, EWM, EWS, EZA, EWY, THD, TUR, QLD, DBA, PEJ, PHO, XLP, GLD, XLI, XLK, USO, 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.

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

Tuesday 5/13/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Trex: (TREX) stock.

$ $ $

Here's a symbol list of 390 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, ACN, ACIW, AYI, ADBE, ADTN, AEIS, AMD, AES, A, APD, ALK, AA, ALGT, ALL, AMZN, AEO, AEP, AXP, AMWD, AME, AMGN, APH, ANIK, AR, APA, APOG, AAPL, AMAT, ARCB, ANET, AWI, ARW, ASH, ADSK, ADP, AVY, AVNT, AVA, AXS, BCPC, BALL, BSET, BAX, BZH, BBY, BKNG, BOOT, BRC, BFH, BBW, BLDR, CBT, CAL, CPB, CE, COR, CHKP, CVX, CIEN, CI, CSCO, CNO, CNX, CGNX, CTSH, CL, CMCO, ED, COP, GLW, CSGP, CR, CRH, CROX, CTS, CMI, DHR, XRAY, DVN, FANG, DDS, DFS, DSGR, ^DJT, ^DJI, DOV, DUK, EXP, EMN, EME, EMR, EOG, EPAM, EFX, EL, EVRG, EXC, EXPD, XOM, FFIV, FARO, FDX, FISV, FLEX, FLS, FMC, FORM, FTV, FWRD, FNV, FCX, FDP, IT, GD, GNW, GPN, GFS, GL, GS, GGG, GES, HBI, HLIT, HQY, HTLD, HELE, HSIC, HSY, HNI, HD, HON, DHI, HOV, HUBG, JBHT, IDA, IEX, IDXX, ITW, INCY, IIIN, INTC, IBKR, TILE, IPG, IPI, ISRG, KALU, KBH, KMT, KEYS, KMB, KLAC, KSS, LHX, LZB, LRCX, LAMR, LEG, LEN, LNC, RAMP, LOW, LPLA, LXU, MHO, M, MGY, MANH, MAN, MRTN, MLM, MAS, MA, MTDR, META, MU, MLKN, MCO, MS, MLI, MUR, NBR, ^IXIC, NOV, NFLX, NTAP, NWL, NEU, NKE, NI, JWN, NOVT, NTNX, NVDA, OXY, OGE, OLN, OMCL, OMC, ON, ORCL, OXM, PKE, PATK, PTEN, PAYX, PYPL, PNW, PLXS, PPG, PPL, PINC, PFG, PG, PRU, PHM, PSTG, QTWO, KWR, QCOM, RL, RMBS, RRC, RJF, REGN, RGA, RHI, ROK, ROG, ROP, ROST, RES, R, ^GSPC, CRM, SBH, SLB, SMG, SEE, SEIC, SMTC, NOW, SHW, STR, SKX, SKYW, SO, SCCO, SR, SPSC, SXI, SCS, SRDX, SNPS, TPR, TGT, TECH, TDOC, TDC, TER, TXN, TXT, TMO, TKR, TJX, TOL, TSCO, TDG, RIG, TZOO, TREX, TWLO, UHAL, UGI, UPS, VFC, VLO, V, VC, VMC, WAT, WERN, WU, WLK, WEX, WSM, WSC, WDAY, ZBRA, IYM, IAI, IYK, IYC, IYE, IEZ, IHE, IDU, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, ICF, IAT, IYZ, IGV, IXC, MXI, IXN, SOXX, IGE, IEO, IYF, ITB, IHI, EWZ, EEM, EWH, EPP, EWY, EWD, EWT, TUR, QLD, PBE, PEJ, PXJ, PJP, PHO, SSO, ROBO, XLY, XLE, XLF, XHB, XLI, XLB, XRT, SPY, XLK, USO, SMH, VIS, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

The 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 5/12/25. 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.

A double top appears at AB which confirms as a valid chart pattern when the index closes below C. If the index doesn't close below C, then you do not have a double top. You are just looking at squiggles on the chart.

At D, the index retraces a portion of the decline. That retrace has a name: Pullback.

A pullback happens after a downward breakout from a chart pattern. The index or stock returns, or comes close to, the breakout price. The breakout price in this case, is C, the red line, which is the lowest low between the two peaks (AB).

Notice at E, that the index has reached the level of line C. It suggests that the index has climbed to a resistance level, so I'd expect the Dow to drop.

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

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: ACIW, ADBE, A, ALK, AA, ALKS, AMGN, AMN, ANIK, AR, AON, AVA, AXS, BCPC, BAX, BBY, BSX, BBW, CX, CNC, CNP, CHKP, CLNE, CLF, CLX, CNO, CNX, CL, ED, CSGP, DVN, DFS, ^DJI, EPAM, EVRG, EVH, EXC, EXPD, FFIV, FICO, FAST, FLEX, FMC, FTNT, FNV, FRD, GL, GPRO, GFF, HE, DHI, HUM, IDA, ITW, PODD, IPG, KBH, KLAC, LH, LEN, LLY, LPLA, M, MANH, MTRX, MLKN, MUR, NOV, NTAP, NJR, OMC, OUT, PANW, PKE, PAYX, PNW, PPL, PINC, DGX, RRC, ROP, ^GSPC, CRM, SBH, SMG, SCCO, SPSC, TRGP, TEVA, TXN, TTD, RIG, TREX, WAT, WU, WPM, WOLF, WWW, WDAY, IHE, DDM, FDN, IYH, IEV, ITB, EWZ, ECH, EWG, EWH, EIS, EWI, EPP, EWS, EZA, EWY, EWP, EWT, THD, TUR, EWU, IBB, PBE, PEJ, PJP, 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.

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 5/9/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 162 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, ADBE, ALK, AEO, AME, AMGN, AON, APOG, AMAT, ARW, ASH, ADP, AVY, AVA, AXS, BCPC, BSX, BBW, CPB, CX, CHKP, CTAS, CLNE, CLF, CNO, CNX, ED, CR, CROX, CSGS, DECK, DVN, FANG, DOV, EBAY, EOG, EPAM, EFX, EQT, EXC, EXPI, FFIV, FIS, FIVN, FLEX, FMC, FWRD, GL, GS, GPRO, HBI, HSII, HSY, PODD, IBKR, TILE, IRM, JAZZ, KEYS, KFRC, LHX, LEN, LLY, RAMP, LOW, MTSI, MAN, MKTX, MA, MGEE, MU, MLKN, MUR, MYGN, NFG, NJR, NKE, NWPX, OGE, ORI, OR, OUT, OMI, PAYX, PCTY, PYPL, PETS, PNW, PINC, PRU, QTWO, QCOM, RL, RRC, RJF, REGN, ROP, ROST, SEE, SEIC, SKYW, SCCO, SSYS, TER, TTD, TJX, TG, TWLO, UGI, VFC, VECO, VRTX, V, WAT, WSO, WU, WWW, WDAY, ITA, IAI, IEZ, IDU, QTEC, FXL, FXI, ICF, IGV, IXN, ILF, SLV, IGE, IEO, IYF, EWK, EWG, EIS, EWI, EWJ, EWW, EWD, TUR, PPA, PEJ, ROBO, XLP, XLF, XLI, XAR, XLU, 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.

$ $ $

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 5/8/25. Intraday Market Direction: Nasdaq

$ $ $

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

I drew the green line under price valleys. Why? Because it's Wednesday and I need something to write about.

The real reason is that the price trend screamed linearity (rising at a steady clip, following a trend).

I drew the red lines for the same reason. The two red lines form a chart pattern called a channel.

Earlier today, the index touched the top red line before backing down. What does that mean? I'm not sure. Often it means a trip to the other side of the channel. That's also my guess as to what happens next.

$ $ $

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: A, ALRM, ALK, ALB, AEE, AIG, AMWD, AON, APA, APOG, AAPL, ASH, ADP, AVNT, AVA, AZTA, BCPC, BALL, BRKR, BBW, BLDR, BG, CALM, CAL, CPB, CNC, CDAY, CHKP, CTAS, CLF, CNO, CNX, COP, COST, COTY, CRH, CCRN, CSGS, EBAY, EVRG, EXPI, FIS, FISV, FMC, GL, GOOGL, GPRO, HBI, HELE, HUBG, IBP, TILE, JKHY, JAZZ, KMT, KMB, KSS, KLIC, LZB, LANC, L, MAN, MTRN, MOS, MYGN, NI, NWPX, OLN, ASGN, PAYX, PPL, PINC, PGR, PRU, PEG, QCOM, RGS, RLI, ROP, ROST, SAND, SCHW, SLGN, SKYW, SO, SCCO, SPSC, SXI, TECH, TSCO, TDG, RIG, TWLO, UGI, VLO, VMI, VRTX, V, WMT, WSO, WU, WEX, WWD, EWO, EEM, EWQ, EWH, EIS, EWP, THD, TUR, PEJ. 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 5/7/25. 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.

After being bullish for the last two weeks or so, the CPI has slipped to neutral. That's what the two vertical white bars on the far right of the chart mean.

A clearer picture of the CPI is in the inset in the middle of the chart. The index didn't make a big drop today (Tuesday) but the CPI tumbled. It suggests more of a downward move is coming. Besides, we're due for a retrace.

$ $ $

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: ABT, ALK, AMGN, AVNT, BCPC, BAH, BBW, BLDR, CBT, CACI, CAL, CPB, CE, CLS, CHKP, CLNE, CLX, CNO, CNX, CSGP, EVRG, EXPI, EZPW, FARO, FMC, FCX, FDP, FRD, GILD, GL, GES, HSII, HNI, IBP, ITGR, IPAR, IPI, JAZZ, K, KELYA, KSS, MAN, MKTX, MTRX, MOS, NEU, NWPX, NOVT, NUS, OXY, OLN, OMCL, OR, PKG, PKE, PINC, PGR, QCOM, ROP, SAND, SIGI, SCCO, TJX, UGI, UNM, VLO, MDRX, WU, WPM, FXI, IEO, EWO, EWK, EWH, EWM, EWW, EZA, EWY, 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 5/6/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Tribune Co.: TRB stock.

$ $ $

Here's a symbol list of 87 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, ALRM, ALK, DOX, AAPL, BCPC, CNC, CHKP, CINF, COP, CROX, CSGS, CMI, DUK, EXP, EBAY, EVRG, EZPW, FIVN, FMC, FNV, GILD, GES, HE, HOLX, HUM, HUN, ILMN, JAZZ, JNJ, KELYA, KSS, LH, LMT, MKTX, MAS, META, NJR, NUS, OLN, ORCL, OR, PATK, PAYX, PCTY, PFG, PGR, RTX, RCKY, ROP, RGLD, R, CRM, SKX, SKYW, SXI, TGT, TECH, TJX, TSCO, TWLO, UGI, VEEV, V, VC, WPM, WWW, IYH, ILF, SLV, EWO, EWZ, EEM, EWG, EWJ, EWS, EWY, EWP, EWT, GLD, XLV, USO, 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.

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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 5/5/25. 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. Let's go through the patterns, starting from A.

At AB, I show a double top. It confirms as a valid chart pattern when the index closes below C. The drop down to the chart's low in April is a big dive.

Let's set D aside for a moment.

E is a flag. This one tilts against the prevailing trend, which flags do many times, but not all the time. They can slope in the direction of the trend or horizontally.

Flags can sometimes act as midway patterns, which this almost does in the run from peak B to valley in April.

F is a triple bottom if you want to group the spikes together. It might be better to call this a rectangle bottom. The rect sees price reverse and climb for a time.

Going back to D, it's a unformed rising wedge. Unformed? Yes. A true rising wedge needs more touches of each trendline. The last touch on the top, at D, price moves through the top trendline. It's not a minor high, so it really doesn't qualify as a touch. The bottom valleys have two touches when three is better.

I suppose this might qualify as a flag or pennant.

What does the pennant or flag or wedge mean? Breakouts from a rising wedge are downward 60% of the time. This might be one of the exceptions. I'm looking for the markets to continue their recovery, but it'll be interrupted by a downward retrace soon.

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 178 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ACIW, ALRM, ALK, AXP, APA, APOG, AMAT, ASH, BMI, BCPC, BZH, BSX, BRC, BBW, CNP, CDAY, CHKP, CIEN, CINF, CTAS, CSCO, DECK, DVN, FANG, DFS, DSGR, ^DJT, EXP, EME, EZPW, FIVN, FMC, IT, GD, GE, GILD, GFS, GS, HQY, HTLD, HOLX, HON, HUM, HUN, IBKR, ISRG, IRM, JAZZ, KELYA, KEYS, KLIC, LH, LRCX, LLY, LMT, L, MANH, MKTX, MAS, MA, MTDR, MDT, MRCY, META, MGEE, MCO, MS, MUR, NFG, NTAP, NEU, NUS, OXY, OLN, OMCL, ORCL, OR, PTEN, PAYX, PFG, PGR, PEG, QCOM, RJF, RTX, REGN, RCKY, ROG, ROP, RGLD, CRM, SLB, SCHW, SHW, SLGN, SKYW, SO, SWX, SXI, SRDX, TECH, TER, TSCO, UHAL, VFC, VMI, V, WLK, WPM, WMB, WSC, WOLF, ITA, IYM, IAI, IEZ, IHE, QTEC, FXL, FXI, BOTZ, IYH, IAT, IEV, MXI, IXN, SOXX, SLV, IEO, IYF, IHI, EWA, EWO, EWK, EWZ, EEM, EWQ, EWG, EWH, EIS, EWI, EWM, EPP, EWS, EZA, EWY, EWD, EWL, EWT, THD, EWU, PPA, PBE, PEJ, PHO, ROBO, XLF, XLV, XLI, XLB, XRT, XAR, SMH, VHT, 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 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 5/2/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 144 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, APD, ALRM, ALK, ALKS, APH, APA, ANET, ARW, BCPC, BAX, BOOT, BRC, CACI, CNP, CDAY, CHKP, CHD, CIEN, CINF, CTSH, GLW, CRH, CTS, DSGR, D, EXP, EBAY, EME, EQT, EZPW, FIVN, FTNT, FWRD, GAP, GILD, GL, HTLD, HWM, HUM, IEX, IDXX, ITW, ILMN, IPAR, TILE, LH, LEG, RAMP, LPLA, MTSI, MGY, MAS, META, MSFT, MLKN, MYGN, ^IXIC, NFG, NOV, NTGR, NUS, NTNX, OTEX, ORCL, PKE, PAYX, PFG, QTWO, RTX, RGS, RHI, RCKY, ROP, RGLD, ^GSPC, CRM, SMTC, SKX, SO, SPSC, SXI, SCS, TRGP, TECH, TDOC, TSCO, TWLO, VEEV, MDRX, VC, WMT, WU, WEX, WPM, WSM, WDAY, XEL, ITA, IEZ, IDU, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IYH, IHF, IYZ, IGV, IXN, ILF, SLV, EWZ, EIS, EWY, EWP, EWL, EWT, TUR, QLD, DBA, SSO, XLV, XLI, SPY, XLK, SMH, VHT, 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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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)

Tuesday 4/1/25. 2025 Forecast Update

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

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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: ACN, AYI, AES, ALRM, ALK, AA, AFG, BCPC, BSET, BA, BR, BBW, CX, CHKP, CINF, CGNX, CAG, CR, EXP, EVRG, EXPI, FFIV, FIVN, FORM, FNV, FCX, GME, GILD, GFS, GFF, HIG, HTLD, HL, HUM, JBHT, IEX, NSP, KBH, LH, LEN, MTSI, MAS, META, NJR, NOVT, NUS, ON, ORCL, OMI, PANW, PKE, PAYX, PPG, PPL, PFG, RTX, RCKY, RGLD, CRM, SAND, SHW, SXI, TECH, TSCO, TRV, VFC, MDRX, WERN, WPM, WWD, IYK, IEZ, IYH, SLV, EWH, EWM, EWS, THD, TUR, DBA, PEJ, XLP, XLV, USO, 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.

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

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