As of 12/27/2024   Indus: 42,992 -333.59 -0.8%     Trans: 16,031 -73.46 -0.5%     Utils: 987 -4.51 -0.5%     Nasdaq: 19,722 -298.33 -1.5%     S&P 500: 5,971 -66.75 -1.1%	YTD  +14.1%    +0.8%    +12.0%    +31.4%    +25.2%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/27/24

As of 12/27/2024   Indus: 42,992 -333.59 -0.8%     Trans: 16,031 -73.46 -0.5%     Utils: 987 -4.51 -0.5%     Nasdaq: 19,722 -298.33 -1.5%     S&P 500: 5,971 -66.75 -1.1%	YTD  +14.1%    +0.8%    +12.0%    +31.4%    +25.2%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,700 or 15,500 by 01/15/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/27/24

Tuesday 11/30/21. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Fed Ex: FDX (second in a series).

$ $ $

Here's a symbol list of 206 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ACN, ACIW, ADTN, APD, ATSG, ALRM, ADS, AMED, AXP, AIG, APH, APOG, AMAT, ATR, ACGL, AWI, ARW, ASH, AIZ, AGO, BCPC, BLL, BZH, BBY, BKH, EPAY, BBW, CBT, CACI, CPB, CE, CLS, CX, CNC, CENX, CHS, CTXS, CLF, CNA, CNO, CTSH, CMCO, COST, COTY, CR, CRH, CCK, CTS, CW, XRAY, D, EBAY, WIRE, RE, EZPW, FIS, FE, FIVN, FLEX, FLS, FORM, FCX, FDP, FRD, GNW, GPN, GL, GOOGL, GGG, GFF, HBI, HQY, HL, HSII, HSIC, HNI, DHI, ITW, IBP, IIIN, IPAR, TILE, NVTA, JKHY, KALU, KBH, KFRC, KLAC, KSS, LHX, LZB, LRCX, LANC, LEG, LDOS, LEN, RAMP, MHO, M, MNDT, MAN, MCHX, MRTN, MA, MTRN, MDC, MSFT, MLKN, MLI, ^IXIC, NFG, CNR, NTAP, NJR, NEE, NI, ORI, ASGN, OUT, PAYX, KWR, RGS, RGA, RNG, RLI, SMG, SRE, SMTC, SLGN, LUV, SCS, SNPS, TPR, TKR, UNM, VMI, VRTX, WRB, WU, WEX, XEL, ZBRA, ITA, IYC, ITB, IDU, FTEC, FXI, IHF, IAT, EWA, EWK, EEM, EWQ, EWG, EWI, EWJ, EWM, EWW, EPP, EWS, EWY, EWP, EWD, EWT, THD, EWU, QLD, PPA, PBE, PEJ, PJP, QQQ, PHO, ROBO, IEV, IXN, SSO, XLY, XRT, SPY, XAR, XLU, USO, VIS, MGK. Clink 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 11/29/21. 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.

Pattern ABC is a double bottom. It confirms as a valid chart pattern when the transports close above horizontal red line C.

The resulting move up (from the low at B) was strong and long. Very nice, indeed!

The big spike at the end of the uptrend is weird. I checked two data sources to verify that the spike is real. It remains unexplained why it happened, but that's probably because I haven't searched for a reason.

The chart pattern outlined in red to the right of that big spike is a descending broadening wedge. Both trendlines slope downward and diverge in this pattern.

The breakout from the wedge is typically upward 72% of the time. That's no surprise because the market has a slight bias to rise and this pattern drops (two down-sloping trendlines), so it favors an upward breakout, too.

Even though markets panicked about the Omicron COVID variant, this pattern in the transports suggests the drop will be short-lived. I say that because the transports should bounce off the bottom trendline and rise.

Writing that is really premature because if Omicron is worse than expected, lots of people will die and lots of businesses will go out of business. That won't be good for the markets.

Even more scary are new variants that will probably arrive and drive the markets for months and even years to come. As long as Covid survives, so will new variants. They may bypass vaccines and we'll have to go through this again. So learn what happened when Delta arrived and that will give you a map for what to expect now (except reactions will be shorter, I think).

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.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here's a symbol list of 258 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABT, ANF, AXDX, ACIW, AYI, AEIS, AES, APD, ALK, AA, AYX, AMZN, DOX, AMED, AXP, AMWD, APH, ARCB, ADM, ASH, AGO, ADSK, AVY, AVNT, AVA, AXS, BMI, BECN, BZH, BA, BKNG, EPAY, BRC, BBW, BG, CBT, CACI, CE, CLS, CX, CNC, CENX, CHS, CINF, CTXS, CLNE, CLX, CNO, CGNX, CMCO, COTY, CR, CMI, DHR, XRAY, ^DJI, DOV, DRQ, DUK, BOOM, EMR, EL, XOM, EZPW, FDX, FE, FIVN, FLEX, FLS, FMC, FWRD, FCX, FDP, FRD, GPS, GNW, GPN, GGG, THG, HE, HAYN, HL, HSII, HSIC, HSY, HOLX, HON, INCY, INFN, IPAR, TILE, IPG, JBLU, JNJ, KALU, LZB, LAMR, LEG, LEN, LNC, RAMP, L, MHO, M, MNDT, MAN, MRTN, MLM, MA, MTRN, MDC, MLKN, MOS, MLI, NBR, NOV, CNR, NCR, NWL, NEU, NXGN, NOC, NUS, OXY, OLN, OUT, OXM, PKG, PKE, PTEN, PFE, PICO, PPG, KWR, RL, RGS, RGA, RNG, ROST, SAIC, SMG, SEIC, LUV, SWN, SXI, SCS, TPR, TPX, TEVA, TXT, TKR, RIG, TRV, TZOO, TG, SLCA, UNM, VMI, WAT, WERN, WU, WEX, ITA, IYM, IYE, IHI, IEZ, DDM, FXI, BOTZ, IYH, IHF, IAT, IYZ, SLV, IGE, IYF, EWA, EWO, EWK, EWC, ECH, EEM, EWQ, EWG, EWH, EWI, EWJ, EWM, EWW, EPP, EWS, EZA, EWY, EWP, EWD, THD, EWU, PPA, PEJ, PXJ, PJP, ROBO, IEV, IXC, ILF, SSO, MXI, XLE, XLV, XLI, XLB, XRT, SPY, XAR, USO, VHT, VIS, VAW. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 11/26/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 14 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACIW, CENX, COTY, FIVN, FLEX, FCX, FRD, TILE, MNDT, MA, RNG, SMG, TKR. Clink this link for details (pattern type, start and end dates).

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

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 11/25/21. Feeding ThePatternSite

Today is a trading holiday in the US.

If you wish to support the website, then try one of these options.

1. Perhaps the best way is come to this site and click on an image of one of my books. You'll find the images at the bottom of the page. The click will take you to Amazon.com (#Ad). The link passes a code to them and I receive a small referral fee but only if you buy something while there during the visit. You do NOT need to buy the book. It's just a vehicle to get you to Amazon with the referral code.

   So each time you want to use Amazon.com to buy something, come to this site first. The referral is free (it does not increase the cost of anything you buy), it's easy to do, and it supports this site.

Thanks! -- Tom Bulkowski

Wednesday 11/24/21. A Look At Indicators

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

The indicator gave a bearish signal about a week ago and it's not a signal which will disappear (meaning a signal change can occur for up to a week). This one I think has been around long enough to be permanent.

So the CPI is bearish. The thin blue indicator line near the bottom of the chart appears to be in the neutral zone but obviously trending upward. If it continues its upward move, then expect the CPI to turn bullish.

I have my doubts that a bullish signal (which lasts) will actually happen. I think the potential double top (the two peaks straddling the latest vertical red bar) in the index will confirm and send the index lower.

Let's see what the next chart says.

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

In this week's episode, the blue line made the biggest move. Usually it's the more sensitive red line which bounces around.

I show two lines on the chart, A and B. Line A is horizontal but B slopes downward. That's bearish divergence. It suggests the index will follow the indicator lower.

That's not always true, of course and it can be months before it becomes true. However, combined with the prior chart, it suggests the markets are still going to be weak in the near future.

That's my opinion and it's a guess.

Personal note: Got my booster shot today. Yippee!

$ $ $

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, AXDX, ACIW, ADBE, AES, AKAM, ALRM, AEO, ACGL, AXS, BSET, BERY, BIO, CDNS, CX, CNC, CNP, CENX, CRL, CHKP, CHS, CTXS, CAG, COTY, CRH, EXP, EVH, FE, FIVN, FLEX, FCX, FRD, GPS, ILMN, INOV, ITGR, INTC, TILE, IVC, LEN, RAMP, L, MTSI, MNDT, MRO, MRTN, MA, MDC, MSFT, NFG, CNR, NCR, NTGR, NVDA, OXY, OTEX, PAYX, PFE, PEG, PHM, RNG, ROG, CRM, SMG, SRE, SMTC, LUV, SNPS, TPR, TECH, TDOC, TPX, TER, TEVA, TKR, RIG, VEEV, ITA, IYE, ITB, IHI, IEO, IDU, DDM, FTEC, IYH, SOXX, SLV, EWK, EWZ, EWG, EIS, EWM, EWD, EWL, TUR, QLD, IBB, PBE, PXJ, QQQ, ROBO, IEV, IXN, XLE, GLD, XLK, SMH, VHT, MGK. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 11/23/21. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Fed Ex: FDX (first in a series).

$ $ $

Here's a symbol list of 157 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, ADBE, AEIS, AKAM, ALRM, ALK, ADS, AYX, AEO, AEP, AXP, AMWD, AMN, APH, ATR, AXS, BSET, BERY, BKNG, BBW, CDNS, CNC, CRL, CHKP, CHS, CINF, CLNE, CLF, CGNX, COST, CRH, DOV, EXP, EMR, EPAM, EVH, EXPD, XOM, FFIV, FICO, FOE, FIS, FE, FORM, GME, GILD, HQY, HL, HSY, HOLX, DHI, INFN, INOV, ITGR, JBLU, KELYA, KFRC, KLAC, LAMR, LEN, RAMP, MTSI, MCHX, FB, MSFT, ^IXIC, CNR, JWN, NVDA, OTEX, PANW, PKE, PTEN, PETS, PFE, PEG, DGX, RMBS, RGA, ^GSPC, SCHW, SMG, SMTC, SHW, SCCO, LUV, SSYS, SRDX, SNPS, TPR, TECH, TDOC, TER, TXN, TOL, TRV, TZOO, WSO, WEX, WWW, IDU, FTEC, IYH, IHF, IGV, SOXX, IGE, EWO, EWK, ECH, EWQ, EWG, EWH, EWM, EZA, EWY, EWD, TUR, QLD, IBB, DBA, PBE, PEJ, PXJ, QQQ, IEV, IXC, IXN, ILF, SSO, XLE, GLD, XLI, XLK, SMH, MGK. Clink 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 11/22/21. 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 daily scale.

Peaks A and B form a double top which confirms when the index closes below C, the lowest valley between the two peaks.

The height of the double top subtracted from the confirmation line (C) gives a target which the pattern will reach 43% of the time, on average, according statistics compiled in my book, Encyclopedia of Chart Patterns, 3rd edition (#ad) In this case, the index didn't have any problem dropped to D, far exceeding the target.

Outlined in blue is a diamond top chart pattern. Additional price bars obscure it, but it's there.

In red is a symmetrical triangle formed not by peaks and valleys but more by tall price bars that narrow over time. According to my Encyclopedia, cited above, the breakout from the triangle is 60% upward.

The index stalled after the downward breakout from the diamond to form the triangle. To me that suggests strength so I'm looking for the index to rise this week and breakout upward from the triangle.

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.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here's a symbol list of 187 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADBE, AEIS, AJRD, AFL, ALRM, ALK, ALB, AYX, AEO, AXP, AIG, ADM, AGO, AXS, BSET, BMRN, BKNG, CNC, CVX, CHS, CNA, CTSH, COP, CRH, DHR, DOV, DRQ, EXP, EMR, EOG, EPAM, RE, XOM, EZPW, FFIV, FE, FISV, FIVN, FLEX, GME, GIS, EVRG, GFF, HIG, HAYN, HQY, HSII, HP, HOLX, HON, IEX, INCY, IPG, INTU, ISRG, JBLU, KELYA, KSS, LAMR, LANC, LEN, LLY, LNC, L, MRO, MCHX, MTRX, MDC, MU, ^IXIC, NFG, NOV, CNR, JWN, OXY, OGE, PKG, PTEN, PFE, PPG, PG, PRU, PHM, DGX, RMBS, RGA, RES, ^GSPC, CRM, SLB, SCHW, SMTC, LUV, SWX, SWN, SCS, SSYS, TPR, TFX, TOL, RIG, TRV, TZOO, SLCA, UNM, WRB, WLK, WEX, WMB, WWW, XEL, ZBRA, IYE, ITB, IEO, IEZ, FTEC, IYH, IHF, IAT, IYZ, IGE, IYF, EWO, EWK, ECH, EWQ, EWG, EWI, EZA, EWP, EWD, TUR, EWU, QLD, IBB, PPA, PEJ, PXJ, QQQ, IEV, IXC, IXN, ILF, SSO, XLE, XLF, XHB, XAR, USO, MGK. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 11/19/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 163 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AXDX, AEIS, AJRD, ALRM, ALK, ADS, AYX, AEO, AEL, AFG, AIG, AMWD, AON, ASH, AIZ, ATO, AXS, BLL, BAX, BIO, BKNG, BOOT, BAH, BLDR, CDNS, CALM, CNC, CHS, CINF, CLX, CNA, CL, CRH, CCK, DECK, ^DJI, EXP, EPAM, EXPD, EZPW, FE, FIVN, FLEX, FDP, GPS, GD, GGG, GES, HIG, HQY, HTLD, HSII, HP, HNI, HOLX, HUBG, IEX, INOV, TILE, IPG, ISRG, JAZZ, JBLU, JNJ, KELYA, KFRC, KSS, LAMR, LAWS, LDOS, LEN, LNC, RAMP, MHO, M, MCHX, MTRX, MDC, MU, NFG, NOV, CNR, NCR, NJR, NWL, NXGN, NKE, NI, JWN, NVDA, OXY, OMCL, PFE, PCG, PNW, PPG, PHM, DGX, RMBS, RGA, RES, SAIA, SAIC, LUV, SWN, SR, SCS, SSYS, SUM, TPR, TGT, TFX, TPX, RIG, TRV, TREX, VFC, VLO, VEEV, VRSN, WAT, WSO, WU, WEX, WMB, WWW, DDM, FDN, BOTZ, ICF, IYH, IYZ, EWO, EEM, EWG, EWM, EWY, EWP, EWT, TUR, IBB, PBE, PEJ, PXJ, ILF, MXI, XLE, XLF, XLI, XAR, SMH. Clink this link for details (pattern type, start and end dates).

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

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 11/18/21. A Look at Ethereum

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

$ $ $

I show a picture of cryptocurrency Ethereum (ETH-USD) on the daily scale.

The chart pattern highlighted at A is a bump-and-run reversal top. It's a rare pattern, perhaps because I don't look for it much. The drop after the trendline pierce didn't fulfill the promise of a large decline.

I circled B and C to show what C might look like going forward. Both B and C began with a tall price plunge (a 1-day drop at C and 2-day at B). At B, price moved sideways for more than a week and them climbed to C (a significant rise).

Perhaps C will move sideways like we see at B before another uphill run begins. I don't know if that's likely or not, but it seems a retrace is in order. Maybe it'll take the shape of a sideways pause.

$ $ $

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: DDD, ANF, AEIS, ATSG, ALRM, ALK, AYX, AEO, AEP, AXP, AFG, AON, ASH, AXS, BLL, BKNG, BAH, BBW, CNC, CNP, CF, CHS, CINF, CGNX, CL, CONN, CR, CCK, ^DJT, ^DJI, DUK, EXP, EPAM, EXC, EXPD, FE, FIVN, FLEX, FMC, FDP, FRD, GME, GPS, GILD, GFF, GES, HQY, HSII, HSY, HOLX, INCY, IBKR, ISRG, NVTA, JBLU, K, KELYA, KFRC, KBAL, LZB, LAMR, LAWS, LEN, LNC, LMT, LXU, MNDT, MANH, MAN, MCHX, MTRX, MRK, MU, MOS, CNR, NCR, NEU, NEE, JWN, NWPX, NVDA, OXY, OMC, PANW, PATK, PTEN, PFE, PCG, PICO, PINC, PHM, KWR, DGX, RMBS, RES, SAIC, NOW, LUV, SWN, SR, SSYS, SUM, TPR, TECH, TPX, TXN, TKR, TJX, RIG, TRV, TG, UPS, VEEV, VRTX, V, WRB, WAT, WU, WEX, WSM, WWW, XEL, ITA, IAI, FDN, FXI, BOTZ, SLV, IYF, EWA, EWO, EWK, EWZ, ECH, EWM, EPP, EWT, TUR, DBA, PEJ, ILF, XLY, XLE, GLD, XLI, XRT. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 11/17/21. A Look At Indicators

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

I'm still concerned with the bearish divergence we're seeing on this chart. It's lasted for 1.5 months now. I show that with the diverging brown lines.

The theory with divergence is that the index will follow the indicator eventually. It might not, but that's the thinking. That means the index is going down.

I am still hopeful that the year end move up that we usually see will turn things around but this chart is concerning.

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

The red line shows a slight uptick in bearish sentiment, as judged by the above figures. I don't like the wobbling we see in the last week, the M-shaped sideways move.

The lines seem to indicate a pause and it mirrors the minor retrace and return to moving up that we see in the index over the last week or two. If we fail to breakout to a new high (hopefully with gusto), then we'll likely face a strong retrace. The prior chart shows that weakness. This chart hints of it, but nothing is certain.

I'm cautiously optimistic but worried about a downtrend.

$ $ $

Here's a symbol list of 169 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, AMD, APD, ALRM, ALK, AYX, AEL, AXP, AFG, AMWD, APH, AON, AAPL, AMAT, ATR, ARCB, ASH, AGO, ATO, ADSK, ADP, AXS, BIO, BKNG, BOOT, EPAY, BRKS, CDNS, CALM, CAL, CPB, CNC, CNP, CHS, CGNX, CL, CLR, COTY, CR, CCK, DOV, DUK, EXP, WIRE, EPAM, EL, RE, EXC, XOM, FAST, FE, FIVN, FLEX, FMC, FORM, FRD, GIS, EVRG, GES, HIG, HE, HQY, HOLX, HD, HOV, ISRG, JBLU, KBH, K, KELYA, KFRC, KMB, KLAC, LHX, LRCX, LAMR, LEN, LNC, LOW, LXU, MTSI, MAN, MCHX, MU, MSFT, MOS, CNR, NCR, NFLX, NJR, NEE, NKE, OMC, OTEX, PATK, PDCO, PTEN, PAYX, PPL, PFG, DGX, RGA, RHI, ROG, SAIA, CRM, SEIC, SMTC, SLGN, SO, SCCO, LUV, SWX, SWN, SSYS, SNPS, TPR, TDC, TXT, TMO, TKR, RIG, TG, VRTX, WERN, WOLF, WWW, XLNX, ZBRA, ITA, FTEC, QTEC, FXL, BOTZ, ICF, IHF, IGV, SOXX, EWK, ECH, EWL, THD, QLD, PEJ, QQQ, ROBO, ILF, SSO, XLY, XLE, XRT, SPY, XAR, XLK, SMH, MGK. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 11/16/21. Slider Trading Quiz! Englehard (EC)

$ $ $

I show another slider trading quiz featuring Englehard: EC

$ $ $

Here's a symbol list of 149 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACIW, AYI, AES, AMED, AEO, AFG, ANIK, AON, APOG, ATR, ADSK, AXS, BECN, BBY, BIO, BA, BLDR, CNC, CF, CHKP, CLX, CMCO, GLW, CROX, CTS, CW, DECK, EXP, EL, EZPW, FICO, FAST, FIS, FE, FISV, FLEX, FTNT, GE, GNW, GGG, EVRG, HP, HSIC, HOV, ITW, ILMN, INFN, IBP, IIIN, ISRG, IVC, KMB, LMT, MANH, MAN, MA, MTRX, MRK, MU, MLKN, MCO, CNR, NCR, NTAP, NEE, NXGN, JWN, OXY, OTEX, PATK, PTEN, PETS, PLXS, PPL, PFG, PG, PGR, PHM, RGS, RLI, SMG, SKX, SWN, SR, SXI, SUM, TPR, TDOC, TER, TEVA, TXT, TMO, TKR, TJX, RIG, TG, VFC, VRTX, VC, WAT, WU, WEX, WOLF, IHI, IHE, FXL, FXI, IYH, IHF, EWO, EWK, ECH, EEM, EWQ, EWG, EWH, EWP, EWD, EWL, EWT, TUR, PXJ, PJP, PHO, IEV, ILF, MXI, XLP, XLE, XHB. Clink 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 11/15/21. 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 S & P 500 index on the daily scale.

A head-and-shoulders bottom appears as LS (left shoulder), head, and right shoulder (RS) on the chart. The straight red line is a neckline connecting the armpits of the pattern. It provides an entry signal when price closes above it.

If you had a buy stop a penny above the line, it would have worked well. The problem with the method is, it takes some effort to identify the entry price (at what price do you put the buy stop?). Waiting a day to buy at the open would have cost you, but it's an easy order to implement.

I circled A in the chart. It's an area of mild congestion. Price has some overlap there, about midway along the run. If the index were to drop to A, I would expect to see support pop up there or near that area. (Support from the September peak would help also).

What does all of this mean for the next week?

I'm guessing that the retrace we see near the top of the chart is over and price will rise. If you look back at the prior rise-retrace pairs from the start of the chart to September's high, you'll see that the rise is shorter than the rise we see from RS to the top of the chart, and the retrace is more extensive.

Despite that evidence, I think the recent retrace was an aberration. If something serious were to happen, I think the retrace would take the index lower than what you see here. So there's a chance the current retrace will continue down (maybe reaching A), but I'm bullish. I see more of an up move ahead.

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.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

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: AXDX, AEIS, AES, APD, ANTM, ATR, ARW, AXS, BMI, BECN, BIO, EPAY, BMY, CNC, CF, CHD, CTXS, CGNX, CTSH, CMCO, CONN, GLW, COST, CTS, DUK, EXP, EL, EZPW, FIS, FE, FISV, FLEX, FLS, FDP, GPS, EVRG, HBI, HL, HSII, HP, IEX, IDXX, INCY, IIIN, ISRG, JNJ, KALU, LH, LEN, LNC, RAMP, MTSI, MNDT, MAN, MA, MTRX, MRK, MSFT, MCO, CNR, NCR, NFLX, NTAP, NEU, NEE, JWN, OMC, ASGN, OXM, PTEN, PLXS, PRU, PEG, DGX, RGS, RGA, RLI, ROST, SAIA, SMG, SXI, TPR, TGT, TFX, TEVA, TRV, TG, VEEV, VRSN, VRTX, VC, WAT, IHE, DDM, QTEC, EWO, EWK, ECH, EWM, EWT, PBE, XLP, XLE. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 11/12/21. 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: DDD, MMM, AES, APD, AKAM, AA, AMED, AEP, AEL, ATR, AIZ, AXS, BZH, BIO, BKNG, BMY, BBW, BG, CNC, CENX, CF, CINF, CLF, CMCO, GLW, CTS, DDS, ^DJU, EXP, EPAM, EQT, EL, EZPW, FIS, FE, FISV, FLEX, FWRD, GD, HBI, THG, HELE, HP, HSIC, HNI, HD, HURC, ILMN, IIIN, ISRG, IVC, JKHY, KELYA, KBAL, LMT, MAN, MA, MTRX, MRK, FB, MCO, MUR, ^IXIC, NFG, CNR, NCR, NFLX, OUT, PTEN, PYPL, PLXS, RNG, RCKY, ROST, SEE, SCCO, SWN, SRDX, TPR, TECH, TPX, TEVA, TXN, TMO, TJX, TG, V, VC, WU, IYC, FXI, BOTZ, IYH, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWJ, EWM, EWS, EZA, EWY, EWD, EWU, PPA, IXN, ILF, MXI, XLE, VHT, MGK. Clink this link for details (pattern type, start and end dates).

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

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 11/11/21. Intraday Market Direction: Nasdaq

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

$ $ $

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

I drew three horizontal red lines to highlight something unusual. Let's look at line A.

Starting from the right, the index touches the line twice, so the line shows support. But if you look to the left, the line touches the index in the middle of a straight-line run up. In other words, that location shows support later, but not last Thursday. However, we know that the middle of a run like you see here can be a location of support or resistance (future support in this case).

Line B shows support on the right but not on the left. If we consider that support and resistance are ranges and not distinct points, then we can infer that support is shown below line A, on the left, where the index moves sideways a week ago on Wednesday.

Finally, I show the bottom line, C. I drew this from today's (Wednesday's) bottom, backward to a week ago Monday. There is some support shown on that Monday.

Looking forward, what will happen? My guess is the index will rebound. It's already started moving higher near the end of today's session, but the 3-day trend is still downward. So it's hard to tell what will happen. Normally, the trend will continue (down) and trying to call when it'll reverse is difficult at best. However, I think the fear of inflation is overblown and that fear represents a short-term buying opportunity. Clearly, though, the turn I'm calling could be premature. Indeed, the index could continue lower for the rest of this week and could start a recovery next week.

$ $ $

Here's a symbol list of 135 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AXDX, ACIW, AES, ALB, ALKS, ANTM, ATR, ARW, ASH, AIZ, AVNT, AXS, BCPC, BIO, BKH, BKNG, BRKS, BG, CBT, CACI, CE, CNC, CF, CINF, CSCO, CMCO, CLR, GLW, CR, CTS, DOV, EXP, EQT, EL, RE, EZPW, FIS, FE, FISV, FLEX, GME, GD, GS, EVRG, HL, HP, HSY, ILMN, INFN, INOV, IPAR, ISRG, KLIC, L, MHO, MNDT, MAN, MCHX, MA, MTRX, MRK, FB, MCO, MOS, MLI, MUR, NCR, NFLX, PTEN, PRFT, PLXS, PG, DGX, RGS, RNG, RCKY, ROST, ^GSPC, SLB, SWN, SR, SRDX, TECH, TPX, TEVA, TMO, TKR, TG, UNM, VC, WAT, WERN, IYM, IAI, IDU, FTEC, BOTZ, IHF, SLV, EWA, EWO, EWK, EWC, EEM, EWI, EWJ, EWM, EPP, EWS, EWY, EWP, DBA, PJP, ROBO, IXN, ILF, XLE, GLD, XLK, UNG. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 11/10/21. A Look At Indicators

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

I drew red lines A and B to highlight what I believe is bearish divergence. That's when the indicator (the CPI line in this case) trends lower even as the index rises.

We see that in this chart. It suggests the index is going down but this type of divergence can last for months. I've also written about this recently, so I've been waiting for the market to turn lower. Maybe we're seeing the weakness I expected happening now.

It's really too soon to tell and it's at the time of year that the indices should be gathering strength to power higher. I also expect that, meaning a higher close by year end.

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

Since the start of November, both lines (especially the more sensitive red one) have made a strong move upward. Very nice.

If you believe that a trend in motion tends to stay in motion, then look for the upward rise to continue.

Sounds like a contradiction, doesn't it (the prior chart warns of the index dropping while this chart is strong)? One of the charts might be right unless the market moves sideways in which case both charts will be wrong. In the short term (days to a week, maybe two), the market might be weak. After that, it'll recover and move higher. That's my guess.

$ $ $

Here's a symbol list of 136 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AJRD, AES, ALB, AEO, ATR, ASH, AIZ, AXS, BBBY, BIO, BRKS, BG, CBT, CACI, CE, CNC, CF, CINF, CTXS, CLX, CNO, CMCO, GLW, COTY, CTS, DECK, DDS, DOV, EXP, EL, RE, EZPW, FIS, FE, FISV, FIVN, FLEX, FMC, GME, GE, GNW, GS, GES, HBI, HL, HELE, HP, HSIC, DHI, INFN, INOV, ISRG, IVC, NVTA, KLIC, MHO, M, MAN, MCHX, MA, MTRN, MTRX, MDC, MRK, FB, MCO, CNR, NCR, NFLX, NTAP, NI, NUS, OUT, PKG, PTEN, PYPL, PRFT, PCG, PLXS, PRU, QCOM, SLB, SCHW, SEE, SWN, SR, SCS, SRDX, TECH, TFX, TPX, TEVA, TOL, TG, TREX, VC, WSO, WOLF, ZBRA, IHI, FTEC, BOTZ, IYH, IHF, EWO, EWK, ECH, EEM, EZA, EWY, EWT, IBB, ROBO, IXN, XLY, XLE, GLD, XRT, XLK, UNG, VAW. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 11/9/21. Slider Trading Quiz! Eagle Materials (2)

$ $ $

I show another slider trading quiz featuring Eagle Materials: EXP 2

$ $ $

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: DDD, AXDX, ACIW, AYI, ADTN, AMD, AJRD, AA, ADS, AEE, AEP, AXP, AMWD, ANIK, ASH, ADP, AVA, AXS, BERY, BBY, BRKS, BG, CBT, CAL, CF, CINF, COTY, CRH, CROX, CCK, CTS, DVN, DTE, EXP, EBAY, WIRE, EQT, EL, EVH, XOM, FE, FLEX, GME, EVRG, GES, HLIT, HELE, HSIC, HOV, IDA, ILMN, INCY, INOV, IIIN, TILE, ISRG, JAZZ, JBLU, KBH, KMB, LAMR, LXU, M, MAS, MTRN, FB, MLI, MUR, NFG, CNR, NTGR, NJR, NEE, NI, NWPX, OGE, OLN, OUT, PKG, PATK, PDCO, PYPL, PETS, PLXS, POR, PEG, ROK, CRM, SRE, SO, SR, TDOC, TPX, TXT, TZOO, TG, UGI, UNM, VLO, VMI, V, VC, WOLF, XEL, ZBRA, IYM, IYK, IYE, IEO, IDU, FXI, IYZ, SLV, IGE, EWA, EWO, EWK, EWC, EWQ, EWS, EWT, THD, TUR, PBE, XLP, XLE, GLD, XLB, XLU, UNG, VAW. Clink 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 11/8/21. 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.

There's a measure rule for trendlines, which I describe at the link. It says that the rise from the trendline to the composite at A (vertical blue line) will mirror the drop from the trendline to B (another blue line).

The composite failed to meet or exceed the B target.

Is this an example of the Nasdaq showing strength? Yes. That's apparent because the index made a straight-line run up to C (but the rise to C could also be coincidence. I haven't checked if this really happens often).

Notice that price bar C touches the yellow trendline which touches A and the top of the composite to the left of A. Line AC is one of overhead resistance.

Will the composite continue higher, blowing through resistance or will it turn down? Maybe it'll move sideways for a spell in a kind of horizontal retrace before advancing again.

I didn't think of running a Fibonacci extension on this to show where the composite might turn down according to the numbers, so that's another ingredient poured into the mix.

What's my take? I think the Nasdaq has farther to rise before beginning a retrace. That's just a guess, however.

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.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

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: DDD, ACN, ADTN, AFL, APD, ALK, AA, ALL, AMED, AXP, AMN, APH, ARCB, ADP, AXS, BMI, BECN, BBBY, BAH, BMY, BRKS, BG, CNC, CNP, CF, CLNE, CMCO, CCRN, DHR, ^DJI, DOV, EBAY, EIX, EOG, EPAM, EL, EVH, EXPD, FFIV, FE, FLEX, FLS, FTNT, GD, GPRO, HELE, HOLX, HD, HUBG, JBHT, HURC, ILMN, INFN, IIIN, TILE, IPI, INTU, NVTA, JBLU, KALU, KFRC, KBAL, RAMP, LMT, MANH, MAS, MTRX, FB, MCO, MOS, OXY, ASGN, OUT, OXM, PAYX, PFE, PG, PEG, DGX, REV, RLI, ROK, ROST, SAIA, LUV, SWX, SWN, SXI, TPX, TDC, TXN, TJX, TZOO, TG, VLO, VC, VMC, WAT, WDAY, ITA, IYK, IYC, IHI, IEO, DDM, FXI, IGV, SOXX, IGE, EWO, EWK, EWQ, EWI, EWJ, EWW, EWT, DBA, PEJ, IXC, ILF, MXI, XLY, XLP, XLE, XLI, XAR, VIS. Clink this link for details (pattern type, start and end dates).

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

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

-- Thomas Bulkowski

Friday 11/5/21. Pattern Trading Setups for the Weekend.

$ $ $

Here's a symbol list of 142 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, AXDX, ACIW, ADBE, ADTN, AMD, ALRM, ALB, AA, AMZN, AEP, AXP, AMN, APA, ACGL, ASH, AVA, AXS, BAX, BECN, BBY, BKH, BRKS, BG, CDNS, CENX, CF, CRL, CHS, CHD, CLNE, GLW, COST, CR, CCRN, DDS, DOV, DRQ, DTE, EMN, EBAY, FDX, FOE, FE, FLS, FMC, FRD, GNW, HIG, HL, HUBG, IEX, INFN, IIIN, IVC, NVTA, KBAL, LNC, RAMP, LOW, MANH, MAN, MCHX, FB, MGEE, ^IXIC, NCR, NTGR, NWL, NEU, NXGN, NVDA, OXY, ORI, OMC, PAYX, PYPL, PRFT, PFE, PNW, PG, QCOM, RGS, RLI, RHI, RCKY, RES, SRE, SWN, SCS, SSYS, SUM, TECH, TPX, TDC, TRV, TZOO, VLO, VRSN, WLK, IYC, IHI, IEZ, FTEC, FDN, QTEC, FXL, FXI, BOTZ, IHF, SOXX, IGE, EWK, EWJ, EWL, EWU, QLD, PBE, PEJ, QQQ, PHO, ROBO, XLY, XLE, XLI, XAR, SMH, VIS. Clink this link for details (pattern type, start and end dates).

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

$ $ $

You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

-- Thomas Bulkowski

Thursday 11/4/21. Bitcoin: BTC-USD

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

$ $ $

I tried to show bitcoin on the weekly scale, but my software didn't cooperate. So this is on the daily scale.

What I wanted to illustrate was overhead resistance setup by a prior peak. At D, you can see the coin bounced off overhead resistance (setup by a peak off the chart), and turned down for another try at a new high (to the right of D).

I drew two red trendlines on the chart. The coin is moving higher following those two trendlines. If the coin behaves like a stock, it should bounce off the top trendline (which it has, at D) and head lower. It's attempting to do just that but it looks like it's going to make another try for a new high.

A chart pattern called a measured move up, highlighted here by ABCD. After the pattern completes, you often see price return to the corrective phase of the pattern. That means a drop back to within BC. With the coin looking to head toward the top red trendline, it might break to a new high instead of retracing.

$ $ $

Here's a symbol list of 149 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ADTN, AJRD, ALRM, ALB, ALL, DOX, AMED, AEO, AEP, AXP, AFG, AIG, ANIK, APA, AWI, ARW, ATO, AVNT, AXS, BAX, BECN, BZH, BBBY, BBY, BMY, BRKS, BLDR, BG, CDNS, CE, CNC, CRL, CHKP, CINF, CRH, CROX, CSGS, DDS, EBAY, FDX, FOE, FE, FMC, FRD, GPS, GNW, GPRO, HBI, HQY, HSIC, HNI, HOLX, INCY, NSP, IBP, IIIN, TILE, IPG, KELYA, KBAL, KSS, KLIC, LZB, LAWS, LDOS, M, MCHX, MTRX, FB, MGEE, MLKN, MLI, NFLX, NJR, NEE, NKE, JWN, NUS, OLN, OMI, PKE, PTEN, PFE, PCG, PINC, PG, KWR, RGS, RGA, REV, RLI, RCKY, ROST, SCHW, SMG, SWX, SCS, TPR, TFX, TPX, TZOO, UNM, VLO, WMT, WAT, WERN, WSM, XLNX, IYK, IYC, ITB, FXI, ICF, IAT, IGE, EWO, EWK, EWC, EWJ, EWS, EWL, THD, TUR, PBE, ROBO, IXC, XLE, GLD, XHB, VHT. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski

Wednesday 11/3/21. A Look At Indicators

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

Last week I wrote about bearish divergence shown between the indicator and the composite. In this chart, we see the indicator reaching or approaching its upward limit (100) before backing off and the composite making a new high.

Indeed, today (Tuesday), the CPI dropped a bit from 90% to 81.5%. The indicator remains bullish.

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

The red line is the more sensitive of the two red and blue indicator lines. Today, the red line dipped by one percentage point compared to a week ago. That's bearish but not alarmingly so.

When you look at this chart, the trend of the red line is downward (bearish). The indicator peaked in March and remains below that peak. However, it has bounced off the low set in September.

We see a bullish CPI (prior) chart that has turned down. This chart has reversed a bearish trend begun in March. Will the markets continue to rise? It's a complex question to answer.

The historical trend says that the markets will rise going into the new year. These two charts are signaling caution, but it's mild, and they are bullish. What I'm saying is that the markets are soft so watch for bearish news sending them lower. If bearish news doesn't sway the markets, then that's bullish.

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Here's a symbol list of 140 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ADTN, AEIS, AMD, ALRM, ALB, AEO, AXP, APOG, AAPL, ATR, ATO, ADSK, AVY, AVA, AXS, BCPC, BECN, BZH, BERY, BBY, BKH, BOOT, BRC, BRKS, BG, CE, CIEN, CGNX, CL, EBAY, EL, EXPD, FFIV, FE, FORM, FRD, GPS, GIS, GPN, GS, HLIT, HSC, HE, HELE, HOLX, DHI, HOV, JBHT, IEX, INFN, NSP, IIIN, IPG, IPI, IVC, JBLU, KFRC, KBAL, KLAC, KLIC, LHX, LH, LAWS, LDOS, LEN, RAMP, LMT, MCHX, MLM, MAS, MTRN, MDC, MOS, CNR, NEE, ORI, ASGN, OUT, PKG, PTEN, PICO, POR, PG, PHM, DGX, RGS, ROK, RCKY, ROG, SCHW, SMTC, SLGN, TPX, TOL, TZOO, TREX, UPS, VFC, VLO, VRTX, WRB, WU, ZBRA, IHE, FTEC, QTEC, FXI, BOTZ, IYZ, SLV, IGE, EWA, EWK, EWQ, EWG, EPP, EWL, EWU, ROBO, XLE, VHT, MGK. Clink this link for details (pattern type, start and end dates).

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

-- Thomas Bulkowski

Tuesday 11/2/21. Slider Trading Quiz! Eagle Materials

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I show another slider trading quiz featuring Eagle Materials: EXP 1

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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, ABT, ANF, AXDX, ACIW, AEIS, ALRM, ALB, AA, DOX, AEO, ANIK, ANTM, APA, APOG, ATR, ARCB, ADSK, AVA, AXS, BCPC, BERY, BBY, BIO, BKNG, BOOT, BRKS, BG, CLS, CX, CNC, CENX, CLNE, CNA, CGNX, CMTL, CAG, COTY, CRH, CROX, CTS, EPAM, EFX, EZPW, FICO, FOE, FE, FLS, FTNT, FWRD, FRD, GPS, GD, GIS, GNW, GL, GOOGL, HLIT, HP, HD, JBHT, IDXX, ITW, INOV, INTU, JBLU, KBH, KELYA, KBAL, KLIC, LZB, LDOS, LLY, MTSI, M, MAS, MTRN, FB, MGEE, NCR, NXGN, JWN, NWPX, OLN, PDCO, PAYX, POR, PG, PEG, KWR, RJF, REV, ^GSPC, SLB, SCHW, SIGI, NOW, SSYS, SRDX, TECH, TFX, RIG, SLCA, UPS, VLO, WDAY, ITA, IYC, IEO, IEZ, IHE, IDU, FXL, BOTZ, IYZ, IGE, EWO, ECH, EWQ, EIS, EWI, EWM, EWP, EWD, EWL, PPA, DBA, PEJ, PXJ, PJP, ROBO, IXC, XLY, XLE, UNG, VHT. Clink 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

Monday 11/1/21. 2021 Forecast Update

Here's the updated 2021 forecast for November, presented in slider format.

Based on sector performance from Fidelity, the best performing sectors for one-year performance as of 29 October 2021 were... (The numbering is how they ranked a month ago.)

The folks at two firms polled by Fidelity weigh the sectors in this order.

Here's how they rank the industries, but only the top 10 appear. One-year change, as of 10/29. The numbering is how they ranked a month ago but that was based on year-to-date performance. This list is for one year performance.

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: ABT, AXDX, AEIS, AMD, AA, ADS, AEO, AEL, APOG, ATR, AIZ, AXS, BAX, BECN, BERY, BBY, BRC, BRKS, BG, CX, CENX, CHS, CHD, CSCO, ED, CAG, COTY, CTS, DHR, DRQ, EMN, EBAY, WIRE, EQT, RE, FFIV, FOE, FE, FRD, GNW, GL, GOOGL, HBI, HE, HAYN, HQY, HON, IBP, ITGR, IBKR, KALU, KLAC, LH, LNC, LOW, MTSI, MDT, MYGN, NXGN, NVDA, OLN, PTEN, RJF, RGA, RLI, SWX, SCS, SUM, TGT, TG, UGI, VLO, WRB, FDN, IYZ, SOXX, IGE, EWO, ECH, EEM, EWW, EZA, EWY, THD, PPA, XLE. Clink 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