Bulkowski's Blog: ThePatternSite.com
As of 12/06/2024
  Indus: 44,643 -123.19 -0.3%  
  Trans: 16,879 -97.04 -0.6%  
  Utils: 1,036 -11.79 -1.1%  
  Nasdaq: 19,860 +159.51 +0.8%  
  S&P 500: 6,090 +15.16 +0.2%  
YTD
 +18.4%  
 +6.2%  
 +17.4%  
 +32.3%  
 +27.7%  
  Targets    Overview: 12/02/2024  
  Down arrow44,000 or 46,000 by 12/15/2024
  Down arrow17,025 or 18,000 by 12/15/2024
  Down arrow1,025 or 1,100 by 12/15/2024
  Up arrow20,000 or 18,500 by 12/15/2024
  Up arrow6,200 or 5,900 by 12/15/2024
As of 12/06/2024
  Indus: 44,643 -123.19 -0.3%  
  Trans: 16,879 -97.04 -0.6%  
  Utils: 1,036 -11.79 -1.1%  
  Nasdaq: 19,860 +159.51 +0.8%  
  S&P 500: 6,090 +15.16 +0.2%  
YTD
 +18.4%  
 +6.2%  
 +17.4%  
 +32.3%  
 +27.7%  
  Targets    Overview: 12/02/2024  
  Down arrow44,000 or 46,000 by 12/15/2024
  Down arrow17,025 or 18,000 by 12/15/2024
  Down arrow1,025 or 1,100 by 12/15/2024
  Up arrow20,000 or 18,500 by 12/15/2024
  Up arrow6,200 or 5,900 by 12/15/2024

November 2024 Headlines

Archives


Friday 11/29/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 25 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANET, ARW, AVY, BA, BCO, BRKR, CPB, CNC, CLF, CAG, CCRN, FMC, GIS, HOV, IBP, IPG, JBLU, MRK, MU, OMC, ON, TECH, WAT, WOLF, PBE. 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)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ANFPipe bottom      10/28/202411/04/2024Apparel
AFGUgly double bottom      11/04/202411/19/2024Insurance (Prop/Casualty)
AIGDouble Bottom, Adam and Adam      11/13/202411/21/2024Insurance (Prop/Casualty)
AMWDHead-and-shoulders top      10/21/202411/25/2024Building Materials
ANETPipe bottom      11/11/202411/18/2024E-Commerce
CPBPipe bottom      11/11/202411/18/2024Food Processing
CHKPDouble Bottom, Eve and Adam      11/04/202411/19/2024E-Commerce
COPDouble Top, Adam and Adam      11/06/202411/21/2024Petroleum (Integrated)
EBAYPipe bottom      10/28/202411/04/2024Internet
EGPipe bottom      10/28/202411/04/2024Insurance (Prop/Casualty)
XOMBroadening top      11/07/202411/27/2024Petroleum (Integrated)
FFIVUgly double bottom      10/24/202411/04/2024Internet
GDDouble Top, Adam and Eve      10/23/202411/13/2024Aerospace/Defense
GISPipe bottom      11/11/202411/18/2024Food Processing
HELEHead-and-shoulders bottom      10/31/202411/18/2024Toiletries/Cosmetics
HNIPipe bottom      10/28/202411/04/2024Furn/Home Furnishings
HOVDouble Bottom, Adam and Eve      10/29/202411/19/2024Homebuilding
IBPPipe bottom      11/11/202411/18/2024Retail Building Supply
IPGPipe bottom      11/11/202411/18/2024Advertising
JBLUHead-and-shoulders top      10/04/202410/28/2024Air Transport
KSSDead-cat bounce      11/26/202411/26/2024Retail Store
OGEBroadening top, right-angled and ascending      08/08/202411/12/2024Electric Utility (Central)
OXMHead-and-shoulders bottom      10/10/202411/20/2024Apparel
PKEPipe bottom      10/28/202411/04/2024Chemical (Specialty)
PATKPipe bottom      10/28/202411/04/2024Retail Building Supply
PNWUgly double bottom      11/04/202411/19/2024Electric Utility (West)
PORDouble Bottom, Adam and Eve      11/04/202411/14/2024Electric Utility (West)
PGRUgly double bottom      11/05/202411/19/2024Insurance (Prop/Casualty)
ROSTTriple bottom      10/30/202411/20/2024Retail (Special Lines)
SAICDouble Top, Adam and Eve      11/06/202411/11/2024IT Services
SEEDouble Bottom, Adam and Eve      11/08/202411/19/2024Packaging and Container
SREBroadening top      09/19/202411/04/2024Electric Utility (West)
SPSCUgly double bottom      11/01/202411/15/2024E-Commerce
RIGTriangle, symmetrical      10/29/202411/27/2024Oilfield Svcs/Equipment
UPSDouble Bottom, Adam and Adam      11/12/202411/20/2024Air Transport
VRSNDouble Bottom, Eve and Adam      11/01/202411/19/2024Internet
WATPipe bottom      11/11/202411/18/2024Precision Instrument
WDAYDouble Top, Adam and Adam      11/13/202411/25/2024Computer Software and Svcs

 

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Wednesday 11/27/24. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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 last CPI signal (far right) is a green bar, which is bullish.

If you look back to the circled area in April, that could serve as a blueprint for what could happen. The circled area has a number of white bars (neutral) followed by a bullish signal. That's the same configuration we have now. After the green bar, the index climbed for about three weeks. It suggests another two weeks of "up" remaining.

When I've done this kind of analysis in the past using the CPI, I don't think it worked.

Picture of the chart pattern indicator

Here's the same chart without the signals. This shows bullish divergence where the CPI has a higher peak but the index is flat.

However, the index could continue rising, making divergence nonexistent.

What does all of this mean? It suggests the index is going to continue rising.

$ $ $

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: AXDX, AMD, A, AKAM, APH, AON, AAPL, ATR, ANET, ARW, ASH, AVY, BAX, BBY, BA, BCO, BR, BRKR, CPB, CNC, CINF, CTAS, CLF, CNA, CMTL, ED, CAG, CXW, CCRN, CCK, CSGS, CTS, DVN, ^DJU, DOV, EBAY, ELV, EL, EXPD, FICO, FIS, FLEX, FMC, GME, GIS, GILD, GGG, HOLX, HOV, HUM, IDA, IDXX, IBP, IPG, JAZZ, JBLU, K, KSS, KLIC, LPLA, MKTX, MRTN, MTDR, MRK, MRCY, MU, MS, NBR, NOV, NTGR, NTAP, NKE, NOVT, OXY, OMC, ON, PCG, PLXS, POR, PG, KWR, RMBS, RNG, SLB, SCHW, SAIC, SRE, SMTC, SMAR, SCCO, TECH, TFX, TXN, TG, VLO, VECO, V, WAT, WERN, WOLF, WWD, IYE, IEZ, QTEC, FXI, IXC, IEO, IYF, IHI, EWK, EWW, EWS, EZA, PBE, PXJ, PHO, XLY, XLP. 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)

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Tuesday 11/26/24. Slider Trading Quiz!

The Dow climbed by 1.0% or 440.06 points. Since 10/01/1928 the Dow made 452 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 238 occasions.
     Average loss was -0.8% on 214 occasions.
Expect the Dow to close higher 52.7% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 296/546 or 54.2% of the time.
     The prediction of the Dow closing lower has been right 54/117 or 46.2% of the time.

$ $ $

I show another slider trading quiz featuring Waters Corp: WAT stock.

$ $ $

Here's a symbol list of 272 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ANF, ACIW, AYI, AEIS, APD, ALRM, ALGT, AMZN, DOX, AXP, AMWD, APH, APOG, AAPL, ATR, ARCB, ANET, AWI, ARW, ASH, AVY, AVNT, AXS, BCPC, BALL, BZH, BERY, BBY, BAH, BSX, BRC, BCO, BR, BBW, CBT, CAL, CX, CNC, CDAY, CRL, CI, CINF, CNO, CNX, CGNX, CMCO, CMTL, CXW, COST, COTY, CSGS, CTS, CMI, CW, DVN, DFS, ^DJT, ^DJI, DOV, EBAY, EMR, EOG, EFX, EL, FFIV, FIS, FIVN, FTV, FWRD, FDP, IT, GNW, GILD, GFS, GL, GMS, GPRO, GGG, GES, THG, HE, HL, HSIC, HNI, HD, HOV, HUBG, HUM, JBHT, HURC, IEX, INCY, IBP, IIIN, ITGR, IPAR, IPG, JAZZ, KBH, KELYA, KFRC, KSS, LHX, LAMR, LANC, LEG, LDOS, LMT, L, LOW, MHO, MTSI, MANH, MAN, MCHX, MRTN, MLM, MAS, MTDR, MTRN, MU, MLKN, MCO, MS, MLI, MYGN, NBR, NOV, NFLX, NJR, NEU, NKE, JWN, OXY, ORI, OLN, OMCL, ASGN, ON, OTEX, OXM, PCTY, PYPL, PETS, PCG, PFG, KWR, RL, RGS, RGA, RNG, ROG, ROL, ROP, RGLD, RES, R, SBH, SLB, SMG, SHW, SHOP, SLGN, SKX, SKYW, SR, SPSC, SCS, TPR, TDOC, TDY, TPX, TDC, TER, TXN, TXT, TKR, TJX, TOL, TSCO, RIG, TG, TREX, TWLO, UHAL, UIS, VLO, VECO, VEEV, VRTX, VC, VMC, WRB, WSO, WERN, WLK, WEX, WOLF, WWD, ZBRA, ITA, IYM, IYK, IYC, IYE, IEZ, IHE, DDM, QTEC, FXL, FXI, ICF, IHF, IAT, IXC, MXI, IXN, SLV, IEO, IYF, ITB, IHI, EWK, EIS, EWJ, EWY, TUR, EWU, QLD, IBB, PPA, PBE, PEJ, PXJ, PJP, PHO, ROBO, XLY, XLP, XLF, XHB, XLI, XLB, XRT, XLK, 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 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)

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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  40,783.72    
 Weekly S2  42,614.71  1,830.99   
 Monthly S1  42,760.15  145.43   
 Monthly Pivot  43,623.42  863.27   
 Weekly S1  43,675.64  52.22   
 Weekly Pivot  43,999.80  324.15   
 Daily S2  44,215.73  215.93   
 Low  44,385.49  169.76   
 Open  44,385.49  0.00   Yes! The Open is close to the Low.
 Daily S1  44,476.15  90.66   
 61.8% Down from Intraday High  44,549.82  73.67   
 50% Down from Intraday High  44,600.58  50.76   
 Daily Pivot  44,645.91  45.33   
 38.2% Down from Intraday High  44,651.34  5.43   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  44,736.57  85.23   
 High  44,815.67  79.10   
 Daily R1  44,906.33  90.66   
 Weekly R1  45,060.72  154.39   
 Daily R2  45,076.09  15.37   Yes! The Daily R2 is close to the Weekly R1.
 Weekly R2  45,384.88  308.79   
 Monthly R1  45,599.85  214.97   
 Monthly R2  46,463.13  863.28   

Monday 11/25/24. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

This is a chart of the Dow industrials on the daily scale. Not much has changed in the last month.

We see a double top at AB. It confirms as a valid chart pattern when the index closes below the lowest valley between the two peaks. That happens at E, the green line.

I drew two trendlines following the price action higher.

Notice that at D, the index doesn't touch the bottom trendline. That's a hint of a coming upward breakout. It's not guaranteed. Such a decline is called a partial decline.

I haven't studied how often it works with channels, which are the two red trendlines.

It's possible the index will stall here, near the height of the old peak (the highest on the chart), so be aware of that. It could rise a bit higher before dropping, forming a new pattern called a 2B.

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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 55.39 points.
Tuesday: Down 120.66 points.
Wednesday: Up 139.53 points.
Thursday: Up 461.88 points.
Friday: Up 426.16 points.

For the Week...

The Dow industrials were up 851.52 points or 2.0%.
The Nasdaq composite was up 323.53 points or 1.7%.
The S&P 500 index was up 98.72 points or 1.7%.

Year to Date...

Dow Industrials
     0.4% down from the high of 44,486.70 on 11/11/2024.
     19.3% up from the low of 37,122.95 on 01/18/2024.
Nasdaq
     1.9% down from the high of 19,366.07 on 11/11/2024.
     31.3% up from the low of 14,477.57 on 01/05/2024.
S&P 500
     0.8% down from the high of 6,017.31 on 11/11/2024.
     27.5% up from the low of 4,682.11 on 01/05/2024.

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  43,712  44,004  44,164  44,456  44,616 
Weekly  42,468  43,382  43,853  44,767  45,238 
Monthly  40,637  42,467  43,477  45,306  46,316 
S&P500 (^GSPC): Daily  5,934  5,952  5,962  5,980  5,991 
Weekly  5,815  5,892  5,933  6,010  6,050 
Monthly  5,574  5,771  5,894  6,092  6,215 
Nasdaq (^IXIC): Daily  18,850  18,927  18,976  19,053  19,103 
Weekly  18,490  18,747  18,929  19,186  19,368 
Monthly  17,536  18,270  18,818  19,552  20,100 

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.

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 163 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, AXDX, ACIW, ALRM, ALKS, AMZN, AIG, AMN, ANIK, AAPL, ATR, ARCB, ACGL, AVA, BKH, BSX, BRC, BCO, BBW, CBT, CENX, CRL, CVX, CIEN, CI, CNX, CTSH, CMTL, COP, COST, CROX, CTS, CW, DECK, DDS, ^DJU, EVRG, EXC, EXPI, FISV, FLS, FMC, FTNT, IT, GIS, GILD, GFS, GPRO, HL, HELE, HP, HON, JBHT, ITW, ILMN, INCY, INFN, IPG, K, KFRC, KLIC, LHX, LANC, LEG, RAMP, L, MTSI, MANH, MCHX, MRTN, MLKN, MUR, NBR, NTAP, NJR, NKE, JWN, OLN, ASGN, PAYX, PCTY, PYPL, PETS, PFE, PNW, PLXS, PG, KWR, RNG, ROL, ROP, RGLD, RES, SAND, SIGI, SCI, SHOP, SLGN, SKX, SO, SR, TPR, TDOC, TDY, TPX, TXN, TXT, TTD, TSCO, RIG, TRV, TG, TREX, UHAL, UGI, UIS, UPS, VLO, VECO, VEEV, VRSN, VRTX, VMC, WMT, WEX, IAI, IYK, IYC, FTEC, FXI, IHF, IGE, IHI, EWO, EWY, EWP, EWD, EWT, TUR, QLD, DBA, PBE, PEJ, PJP, ROBO, XLY, GLD, XLB, 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.

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

This WeekLast Week
1. Internet1. Internet
2. Insurance (Diversified)2. IT Services
3. IT Services3. Insurance (Diversified)
4. Natural Gas (Diversified)4. Securities Brokerage
5. Trucking/Transp. Leasing5. Natural Gas (Diversified)
6. Securities Brokerage6. Trucking/Transp. Leasing
7. E-Commerce7. Financial Services
8. Financial Services8. Furn/Home Furnishings
9. Medical Supplies9. E-Commerce
10. Retail (Special Lines)10. Machinery
Best Performing AboveWorst Performing Below
50. Precision Instrument50. Medical Services
51. Semiconductor51. Precision Instrument
52. Chemical (Basic)52. Chemical (Basic)
53. Medical Services53. Drug
54. Petroleum (Producing)54. Oilfield Svcs/Equipment
55. Drug55. Biotechnology
56. Biotechnology56. Petroleum (Producing)
57. Human Resources57. Short ETFs
58. Semiconductor Cap Equip.58. Semiconductor Cap Equip.
59. Toiletries/Cosmetics59. Human Resources
60. Short ETFs60. Toiletries/Cosmetics

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

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Friday 11/22/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 176 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, AXDX, ACIW, AFL, A, APD, ALKS, ALGT, AMZN, DOX, AEE, AMWD, APH, ATR, ARCB, ANET, AWI, ARW, AVA, AXS, AZTA, BALL, BA, BRC, CBT, CACI, COR, CENX, CDAY, CF, CRL, CHKP, CIEN, CI, CTAS, CNX, CTSH, CMTL, COP, CSGP, COST, CTS, CW, ^DJU, EXP, EVRG, EXC, EXPI, FIS, FDP, IT, GE, GILD, GPRO, HELE, HP, DHI, HWM, JBHT, HURC, INCY, INFN, NSP, IBP, IIIN, PODD, JAZZ, KFRC, KLIC, LHX, LANC, RAMP, LXU, MTSI, MGY, MRO, MCHX, MRTN, MTDR, MS, MLI, MUR, NBR, NTAP, NJR, NEE, OGE, OLN, ASGN, ORCL, PAYX, PCTY, PETS, PNW, PLXS, PRU, KWR, DGX, RMBS, RNG, ROG, ROP, RGLD, RES, SAND, SAIC, SRE, SMTC, SCI, SLGN, SKX, SMAR, SO, SPSC, SCS, SUM, SNPS, TGT, TECH, TDY, TDC, TXN, TXT, TTD, TSCO, TDG, TZOO, UIS, UNM, VLO, VMI, VECO, VEEV, VRTX, VMC, WAT, WEX, WPM, WMB, WWD, ITA, IYE, FDN, FXL, IHF, IGV, IXC, IGE, IEO, EWA, EWZ, EWC, TUR, QLD, PPA, PBE, PJP, PHO, XLE, GLD, XLB. Click this link for details (pattern type, start and end dates).

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

$ $ $

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)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AFLPipe bottom      10/28/202411/04/2024Insurance (Diversified)
ATOUgly double bottom      11/05/202411/15/2024Natural Gas (Diversified)
BRCPipe top      11/04/202411/11/2024Chemical (Diversified)
BBWHead-and-shoulders top      10/31/202411/11/2024Retail (Special Lines)
BGPipe bottom      10/28/202411/04/2024Food Processing
CHDDouble Bottom, Adam and Eve      10/08/202410/31/2024Household Products
CLNETriple top      09/18/202411/08/2024Natural Gas (Distributor)
CNADouble Bottom, Eve and Adam      11/13/202411/19/2024Insurance (Prop/Casualty)
CLDouble Bottom, Adam and Eve      11/06/202411/14/2024Household Products
DBroadening top      10/17/202411/01/2024Electric Utility (East)
DUKDouble Top, Adam and Adam      10/21/202410/24/2024Electric Utility (East)
EIXThree Falling Peaks      09/04/202410/25/2024Electric Utility (West)
EXPIPipe top      11/04/202411/11/2024E-Commerce
FMCDouble Top, Adam and Adam      09/27/202410/31/2024Chemical (Basic)
GISDouble Top, Eve and Eve      09/10/202409/18/2024Food Processing
GOOGLDouble Top, Adam and Eve      10/30/202411/12/2024Internet
GPROPipe top      11/04/202411/11/2024Electronics
HIGUgly double bottom      11/01/202411/19/2024Insurance (Prop/Casualty)
HOLXTriangle, descending      11/05/202411/21/2024Medical Supplies
HDDouble Top, Adam and Adam      10/09/202410/15/2024Retail Building Supply
INCYPipe top      11/04/202411/11/2024Drug
KEYSDouble Bottom, Adam and Eve      10/31/202411/19/2024Precision Instrument
KMBDouble Bottom, Adam and Adam      11/06/202411/14/2024Household Products
LHXPipe top      11/11/202411/11/2024Aerospace/Defense
LRCXDouble Top, Eve and Adam      10/25/202411/07/2024Semiconductor Cap Equip.
LANCPipe top      11/04/202411/11/2024Food Processing
LENTriangle, symmetrical      10/29/202411/15/2024Homebuilding
MHOTriple top      09/19/202410/17/2024Homebuilding
MDouble Top, Eve and Adam      10/17/202411/07/2024Retail Store
MCHXHorn top      10/28/202411/11/2024Advertising
MUTriple top      09/26/202411/08/2024Semiconductor
NTAPDouble Bottom, Eve and Eve      10/31/202411/14/2024Computers and Peripherals
JWNTriple top      10/29/202411/13/2024Retail Store
NUSTriple bottom      10/10/202411/08/2024Toiletries/Cosmetics
OLNPipe top      11/04/202411/11/2024Chemical (Basic)
OMCDouble Top, Eve and Adam      10/17/202411/06/2024Advertising
ASGNPipe top      11/04/202411/11/2024Human Resources
ROPDouble Top, Adam and Adam      11/08/202411/13/2024Industrial Services
SBHBroadening top      10/30/202411/15/2024Toiletries/Cosmetics
SANDHead-and-shoulders top      09/24/202411/07/2024Metals and Mining (Div.)
SKXTriangle, descending      09/19/202411/21/2024Shoe
SWXDouble Bottom, Adam and Eve      10/29/202411/05/2024Natural Gas (Distributor)
SRPipe bottom      10/28/202411/04/2024Natural Gas (Distributor)
TGTDead-cat bounce      11/20/202411/20/2024Retail Store
TDCDouble Bottom, Eve and Eve      11/05/202411/19/2024Computer Software and Svcs
TXNPipe top      11/04/202411/11/2024Semiconductor
TREXDouble Top, Adam and Adam      11/06/202411/11/2024Building Materials
UGIDouble Bottom, Eve and Adam      11/05/202411/14/2024Natural Gas (Distributor)
VEEVPipe top      11/04/202411/11/2024Healthcare Information
VRTXPipe top      11/04/202411/11/2024Biotechnology
VCTriple top      10/24/202411/14/2024Electronics
XELDouble Bottom, Eve and Adam      10/10/202410/30/2024Electric Utility (West)

 

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Thursday 11/21/24. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.1% or -21.33 points. Since 02/05/1971 the Nasdaq made 647 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 357 occasions.
     Average loss was -0.9% on 290 occasions.
Expect the Nasdaq to close higher 55.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 285/510 or 55.9% of the time.
     The prediction of the Nasdaq closing lower has been right 81/169 or 47.9% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

At A, circled in green, we see a double top chart pattern. Those breakout down, and if they don't, they are not double tops. The index made a good drop to B.

The two diagonal, rising and diverging red trendlines highlight an ascending broadening wedge. Those breakout downward 52% of the time in a bull market. This one looks like price is about to pause and then resume moving upward.

At C, we have the dreaded multi-peak pattern. Those are tricky but are usually bears and I avoid them.

$ $ $

Here's a symbol list of 171 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, AXDX, ACN, ACIW, AYI, AES, ALRM, ALB, ALKS, AMZN, AEO, AMGN, APH, AR, AON, ATR, ARCB, AGO, AVA, AZTA, BBY, BIO, BKNG, BRC, CBT, CDAY, CRL, CIEN, CI, CTAS, CLNE, CTSH, CMTL, GLW, CR, CROX, CCRN, CTS, CW, FANG, ^DJU, ^DJT, BOOM, EXP, ECL, EIX, EOG, EQT, EVRG, EVH, EXC, EXPI, EZPW, FDX, FLEX, FRD, GAP, IT, GE, GILD, GFS, GPRO, GFF, THG, HAYN, HP, HUM, JBHT, IDA, IEX, ITW, INCY, IPAR, JKHY, KBH, KEYS, KFRC, KMB, KLIC, LHX, LZB, LRCX, LANC, MTSI, MCHX, MRTN, MA, MDT, META, MLI, NBR, NFLX, NEU, OXY, OLN, OMCL, ASGN, OMI, OXM, PAYX, PCTY, PEN, PETS, PNW, PLXS, PPL, PFG, PRU, QTWO, RMBS, RRC, RGA, RNG, ROP, RGLD, SAND, SCHW, SIGI, SMTC, SHW, SHOP, SR, SPSC, SUM, SNPS, TGT, TDY, TXN, TXT, TTD, TSCO, UIS, VECO, VEEV, VRTX, V, VC, VMC, WRB, WSM, WWD, XEL, ITA, IEZ, FXL, IHF, IGV, EWJ, TUR, QLD, IBB, PPA, PBE, PJP, PHO, XLF, GLD, XAR, UNG, VIS. Click this link for details (pattern type, start and end dates).

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

$ $ $

The 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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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  17,523.27    
 Weekly S2  18,208.49  685.23   
 Monthly S1  18,244.70  36.21   
 Weekly S1  18,587.32  342.61   
 Daily S2  18,637.96  50.64   
 Low  18,724.39  86.43   
 Daily S1  18,802.05  77.66   
 Monthly Pivot  18,805.39  3.34   Yes! The Monthly Pivot is close to the Daily S1.
 61.8% Down from Intraday High  18,820.09  14.70   Yes! The 61.8% Down from Intraday High is close to the Monthly Pivot.
 50% Down from Intraday High  18,849.65  29.56   
 38.2% Down from Intraday High  18,879.21  29.56   
 Daily Pivot  18,888.48  9.27   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  18,966.14  77.66   
 Open  18,971.31  5.17   Yes! The Open is close to the Close.
 High  18,974.91  3.60   Yes! The High is close to the Open.
 Weekly Pivot  18,976.69  1.78   Yes! The Weekly Pivot is close to the High.
 Daily R1  19,052.57  75.88   
 Daily R2  19,139.00  86.43   
 Weekly R1  19,355.52  216.52   
 Monthly R1  19,526.82  171.31   
 Weekly R2  19,744.89  218.07   
 Monthly R2  20,087.51  342.61   

Wednesday 11/20/24. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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 bearish, as the red vertical bar on the far right shows. Notice that it was neutral for almost two weeks before turning red.

Also notice that the mid to end July period shows a lot of neutral bars followed by a red one. Back then, it remained red (bearish) for about a week. Half that time, the index dropped and half it recovered while the CPI still remaining bearish.

Maybe that's what we can expect this time, but nothing is guaranteed.

Picture of the chart pattern indicator

In this chart, I show the CPI at the bottom of the chart without the vertical bars hiding the indicator line.

The green lines connect the peaks on the CPI line to see where they line up with the index.

I drew violet bars which show where the index peaks after a CPI peak. Notice that the distance from the CPI peaking compared to the index peaking. In several, but not all, cases it's about a week. Maybe, in the future, you can use the timing to help determine when the CPI will show a corresponding peak in the index. Notice that the best timing (of about a week before an actual peak) corresponds to the CPI that has a sharp turn. July, October, and November are such peaks (gray circles). The wider CPI peaks tend to take longer before a index peak appears.

I don't know if this works because I only saw this relationship today, so keep that in mind, but maybe it can help you determine when the index is going to peak.

$ $ $

Here's a symbol list of 177 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, ABM, AXDX, ACIW, AYI, A, ALKS, ALGT, AMZN, AEO, AMWD, AME, APH, ATR, ARCB, AWI, ASH, AZTA, BMI, BERY, BBY, BIO, BRC, CBT, CLS, CENX, CDAY, CRL, CIEN, CI, CTAS, CSCO, CLNE, CTSH, CMCO, CMTL, CR, CRH, CCRN, CTS, CW, DVN, ^DJU, ^DJT, DOV, EXP, ECL, EME, EPAM, EXPI, FLEX, FLS, FORM, FWRD, FNV, FRD, GME, GAP, IT, GE, GILD, GS, GPRO, GFF, HAYN, HP, HOV, JBHT, IEX, INCY, IPAR, INTU, K, KEYS, KFRC, KLIC, LHX, LRCX, LANC, LNC, RAMP, LPLA, MTSI, MCHX, MRTN, MTRN, MDT, MLI, NBR, NEU, NKE, ORI, OLN, OMCL, ASGN, ON, OUT, PAYX, PCTY, PETS, PLXS, PPG, PPL, PG, QTWO, KWR, RL, RMBS, RNG, RHI, ROP, RGLD, SAND, SEE, SIGI, SMTC, NOW, SLGN, STR, SPSC, SUM, SNPS, TDY, TPX, TXN, TXT, TTD, TJX, TSCO, RIG, TZOO, UIS, UNM, VECO, VEEV, VRTX, VC, VMC, WMT, WSO, WPM, WWD, ITA, IYC, FTEC, QTEC, FXL, BOTZ, IHF, IXN, EWK, EWI, THD, TUR, QLD, PPA, PBE, PHO, SSO, ROBO, GLD, XLB, XLK, MGK. Click this link for details (pattern type, start and end dates).

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

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

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Tuesday 11/19/24. Slider Trading Quiz!

The Dow dropped by -0.1% or -55.39 points. Since 10/01/1928 the Dow made 1401 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 733 occasions.
     Average loss was -0.7% on 668 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 296/545 or 54.3% of the time.
     The prediction of the Dow closing lower has been right 54/117 or 46.2% of the time.

$ $ $

I show another slider trading quiz featuring Watsco: WSO stock.

$ $ $

Here's a symbol list of 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ACN, AFL, APD, ALGT, AMZN, AEO, AMGN, APH, ACGL, ADM, ANET, BCPC, BBY, BIO, BKH, BRC, BLDR, BG, CENX, CIEN, CSCO, CLNE, CTSH, ED, GLW, COTY, XRAY, DSGR, ^DJU, ^DJI, DUK, EBAY, EIX, EFX, EG, EVRG, EXC, EXPI, FIS, FLEX, FMC, FORM, FTV, FNV, GME, GIS, GS, HLIT, HL, HSIC, HSY, HNI, ILMN, IBKR, INTU, JAZZ, JNJ, KEYS, KMB, LRCX, LLY, META, NFG, NFLX, NTGR, NEU, NKE, JWN, NTNX, PKE, PATK, PDCO, PYPL, PFE, PPL, PRU, RNG, CRM, SAND, SMTC, NOW, SHOP, SKYW, SO, SCCO, SR, TRGP, TECH, TMO, TJX, TG, UPS, UNM, VECO, VEEV, WRB, WMB, WDAY, IYM, IHE, FXL, ICF, IYZ, IGV, IXC, SLV, EWK, EIS, EWT, EWU, IBB, PBE, PXJ, UNG, 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 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)

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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  40,334.73    
 Monthly S1  41,862.17  1,527.43   
 Weekly S2  42,605.97  743.80   
 Weekly S1  42,997.79  391.81   
 Monthly Pivot  43,174.43  176.65   
 Daily S2  43,189.52  15.09   Yes! The Daily S2 is close to the Monthly Pivot.
 Daily S1  43,289.56  100.04   
 Low  43,297.57  8.01   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High  43,377.06  79.49   
 Close  43,389.60  12.54   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  43,397.61  8.01   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  43,401.61  4.00   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  43,426.17  24.55   
 Open  43,431.89  5.72   Yes! The Open is close to the 38.2% Down from Intraday High.
 Daily R1  43,497.65  65.76   
 High  43,505.66  8.01   Yes! The High is close to the Daily R1.
 Daily R2  43,605.70  100.04   
 Weekly Pivot  43,742.24  136.54   
 Weekly R1  44,134.05  391.81   
 Monthly R1  44,701.87  567.81   
 Weekly R2  44,878.51  176.64   
 Monthly R2  46,014.13  1,135.62   

Monday 11/18/24. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transports on the daily scale.

I show the Dow transports on the daily scale.

ABC is a wonderful looking double top. The AB tops confirm as a valid chart pattern when the index closes below C, the lowest price between the two peaks.

In this case, the index didn't drop far after confirmation, so the move didn't reach the target. The target is the height of BC subtracted from C.

After that, the index followed a channel (two nearly parallel red lines). The index pushes through the top of the channel, which is unusual. It suggests lots of bullish buying and enthusiasm.

I believe the index will return to the top red trendline of the channel and find support at E, but it could drop as far as the gap (diagonally to the lower left of E), and fill it.

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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: Up 304.14 points.
Tuesday: Down 382.15 points.
Wednesday: Up 47.21 points.
Thursday: Down 207.33 points.
Friday: Down 305.87 points.

For the Week...

The Dow industrials were down 544 points or 1.2%.
The Nasdaq composite was down 606.66 points or 3.1%.
The S&P 500 index was down 124.92 points or 2.1%.

Year to Date...

Dow Industrials
     2.3% down from the high of 44,486.70 on 11/11/2024.
     17.0% up from the low of 37,122.95 on 01/18/2024.
Nasdaq
     3.5% down from the high of 19,366.07 on 11/11/2024.
     29.0% up from the low of 14,477.57 on 01/05/2024.
S&P 500
     2.4% down from the high of 6,017.31 on 11/11/2024.
     25.4% up from the low of 4,682.11 on 01/05/2024.

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  43,184  43,314  43,481  43,612  43,778 
Weekly  42,624  43,035  43,761  44,171  44,897 
Monthly  40,353  41,899  43,193  44,739  46,033 
S&P500 (^GSPC): Daily  5,817  5,844  5,880  5,906  5,942 
Weekly  5,749  5,810  5,914  5,974  6,078 
Monthly  5,541  5,706  5,861  6,026  6,182 
Nasdaq (^IXIC): Daily  18,399  18,540  18,738  18,879  19,077 
Weekly  18,113  18,397  18,881  19,165  19,650 
Monthly  17,428  18,054  18,710  19,336  19,992 

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.

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 179 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, AMD, AFL, A, AEE, AFG, AMGN, AMAT, ATR, ACGL, ANET, AVNT, BZH, BKH, BAH, BBW, BLDR, BG, CNC, CNP, CENX, CTAS, ED, GLW, COST, COTY, CROX, CW, DSGR, ^DJI, BOOM, EBAY, ECL, EIX, EFX, EG, EXC, XOM, FFIV, FDX, FMC, FORM, FTNT, FTV, FWRD, GME, GAP, IT, GD, GOOGL, HLIT, HIG, HAYN, HTLD, HNI, HD, HWM, ILMN, IBP, ITGR, IPAR, JAZZ, JNJ, K, KEYS, KLAC, LRCX, LLY, RAMP, MTSI, MA, MRK, META, MU, MUR, NEE, NOVT, NVDA, OXY, OLN, OTEX, PKE, PATK, PCTY, PYPL, PFE, PPL, PRU, PEG, QTWO, DGX, RGA, RNG, RHI, RES, ^GSPC, CRM, SBH, SAND, SRE, SMAR, SO, LUV, SR, SXI, TECH, TDOC, TER, TXT, TMO, RIG, UGI, UIS, VECO, VRTX, V, WSO, WEX, WOLF, WWD, IYM, IYK, IYC, IYE, IHE, IDU, DDM, QTEC, FXL, BOTZ, IYH, MXI, IXN, SOXX, SLV, EWZ, EWJ, EWM, EWY, EWP, EWD, EWL, EWT, THD, IBB, PBE, PJP, SSO, ROBO, XLP, XLE, XLV, XLB, SPY, UNG, SMH, VHT. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Internet1. IT Services
2. IT Services2. Internet
3. Insurance (Diversified)3. Securities Brokerage
4. Securities Brokerage4. Insurance (Diversified)
5. Natural Gas (Diversified)5. Trucking/Transp. Leasing
6. Trucking/Transp. Leasing6. E-Commerce
7. Financial Services7. Medical Supplies
8. Furn/Home Furnishings8. Natural Gas (Diversified)
9. E-Commerce9. Computers and Peripherals
10. Machinery10. Financial Services
Best Performing AboveWorst Performing Below
50. Medical Services50. Biotechnology
51. Precision Instrument51. Medical Services
52. Chemical (Basic)52. Shoe
53. Drug53. Semiconductor Cap Equip.
54. Oilfield Svcs/Equipment54. Oilfield Svcs/Equipment
55. Biotechnology55. Chemical (Basic)
56. Petroleum (Producing)56. Petroleum (Integrated)
57. Short ETFs57. Petroleum (Producing)
58. Semiconductor Cap Equip.58. Human Resources
59. Human Resources59. Short ETFs
60. Toiletries/Cosmetics60. Toiletries/Cosmetics

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

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Friday 11/15/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 159 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ACN, AYI, AFL, A, AEO, AFG, AMGN, ANIK, AR, AAPL, ACGL, ADM, AVNT, AZTA, BSET, BZH, BKH, BAH, BLDR, BG, CENX, CVX, CLF, DDS, DSGR, ^DJI, EBAY, EOG, EG, EVRG, EXPI, XOM, EZPW, FFIV, FMC, FORM, FTV, FCX, GAP, IT, GD, GILD, GFS, GL, GES, HAYN, HTLD, HSIC, HNI, HWM, JBHT, HUN, IDA, IBP, INTC, IRM, K, KEYS, LEG, LLY, RAMP, LXU, MCHX, MA, MCO, MUR, NFG, NOV, NTGR, NTAP, NJR, NI, NOC, NUS, OXY, OTEX, OR, PKE, PATK, PDCO, PYPL, PFE, PPL, QTWO, DGX, RGA, RNG, RHI, ROP, SBH, SAND, SCHW, SEIC, SHOP, SWX, SR, SPSC, SCS, SRDX, TPR, TECH, TDOC, TEVA, TXT, TSCO, UIS, UNH, UNM, VRTX, WSO, WLK, WPM, WWD, ITA, IYM, IYC, IYE, QTEC, FXL, IYH, IAT, IXN, SLV, EWO, EWK, ECH, EWH, EWM, EZA, EWY, EWT, THD, EWU, IBB, DBA, PJP, XLE, XLV, XLB, XAR, UNG, VHT, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDDead-cat bounce      11/14/202411/14/2024Electronics
ACNPipe bottom      10/28/202411/04/2024IT Services
AMEDDouble Top, Eve and Adam      10/18/202411/06/2024Medical Services
AMGNDouble Top, Eve and Eve      10/11/202411/08/2024Biotechnology
AMNDead-cat bounce      11/08/202411/08/2024Human Resources
ASHTriple top      10/15/202411/06/2024Chemical (Basic)
BZHFalling wedge      09/18/202411/08/2024Homebuilding
BIOHorn bottom      09/09/202409/23/2024Medical Supplies
BKHPipe bottom      10/28/202411/04/2024Electric Utility (West)
BAHead-and-shoulders top      10/07/202411/05/2024Aerospace/Defense
CALMDouble Bottom, Eve and Eve      10/23/202411/01/2024Food Processing
CLFTriple top      10/18/202411/06/2024Metals and Mining (Div.)
CXWFlag, high and tight      09/11/202411/08/2024Industrial Services
CCKHead-and-shoulders top      09/25/202411/06/2024Packaging and Container
EVRGDouble Bottom, Eve and Eve      10/10/202411/04/2024Electric Utility (Central)
EVHDead-cat bounce      11/08/202411/08/2024Healthcare Information
FMCPipe top      10/28/202411/04/2024Chemical (Basic)
FTVPipe bottom      10/28/202411/04/2024Industrial Services
GAPPipe bottom      10/28/202411/04/2024Apparel
HTLDBroadening bottom      08/09/202411/14/2024Trucking/Transp. Leasing
HSICHead-and-shoulders complex top      08/27/202410/18/2024Medical Supplies
HOLXDouble Top, Eve and Adam      08/09/202411/04/2024Medical Supplies
LAMRHead-and-shoulders top      09/23/202411/07/2024Advertising
RAMPTriangle, descending      09/11/202410/25/2024Computer Software and Svcs
NJRDouble Bottom, Eve and Adam      10/10/202411/05/2024Natural Gas (Distributor)
PYPLPipe bottom      10/28/202411/04/2024Financial Services
PETSFlag      11/08/202411/14/2024Medical Services
PPLDouble Bottom, Eve and Adam      10/11/202411/01/2024Electric Utility (East)
SANDHorn top      10/21/202411/04/2024Metals and Mining (Div.)
TDOCBroadening top      10/14/202411/11/2024Healthcare Information
TJXDouble Bottom, Eve and Eve      10/07/202411/04/2024Retail Store
TGDead-cat bounce      11/11/202411/11/2024Chemical (Specialty)
MDRXTriple bottom      10/08/202411/04/2024Healthcare Information

 

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Thursday 11/14/24. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.3% or -50.67 points. Since 02/05/1971 the Nasdaq made 550 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.0% on 299 occasions.
     Average loss was -1.0% on 251 occasions.
Expect the Nasdaq to close higher 54.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 285/509 or 56.0% of the time.
     The prediction of the Nasdaq closing lower has been right 81/169 or 47.9% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

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

The index has done something I can't remember seeing before. It has gone horizontal.

There's a chart pattern called a rectangle top that describes the pattern. I show it outlined in red on the chart. Price travels sideways, bouncing between two horizontal (or nearly so) trendlines. The breakout can be in either direction.

At first, I thought the markets were waiting for the FED to report but that has already happened. Maybe it's waiting for Trump to do something silly that affects the markets.

$ $ $

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: ANF, ACN, AYI, AFL, A, AA, AMGN, AON, ACGL, ADSK, AZTA, BMI, BALL, BSET, BZH, BKH, BR, BLDR, BG, CDNS, CE, CX, CENX, CF, CHKP, CSCO, DECK, DVN, DSGR, DTE, EBAY, EIX, EG, EVRG, EXPI, EZPW, FMC, FORM, FTV, FCX, FDP, GAP, GNW, GFF, HLIT, HE, HAYN, HTLD, HSII, HELE, HSIC, HNI, DHI, HUM, IDA, IEX, JBLU, LHX, LANC, LEN, LLY, LMT, L, LXU, MHO, MGY, MLM, MA, MU, MLKN, MCO, NFG, NOV, NFLX, NJR, NOC, NWPX, NVDA, OR, OUT, PKE, PATK, PDCO, PYPL, PCG, PPG, PPL, PHM, DGX, RL, RGS, RGA, RNG, ROL, SAND, SLGN, STR, SO, SCCO, LUV, SWX, SR, SCS, SSYS, SRDX, TECH, TDOC, TEVA, VECO, VRSN, WPM, WWW, IYM, IEZ, IDU, FTEC, FXL, FXI, BOTZ, IAT, IEV, IGV, IXC, MXI, SLV, IEO, ITB, EWA, EWO, EWK, EEM, EWQ, EWG, EWH, EWI, EWJ, EPP, EZA, EWY, EWP, EWD, EWL, TUR, IBB, PPA, PJP, ROBO, XAR, UNG, 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 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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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  17,398.32    
 Weekly S2  17,681.64  283.32   
 Monthly S1  18,314.53  632.88   
 Weekly S1  18,456.19  141.66   
 Monthly Pivot  18,816.54  360.36   
 Weekly Pivot  18,887.37  70.83   
 Daily S2  19,092.76  205.39   
 Daily S1  19,161.75  68.98   
 Low  19,191.13  29.38   
 Close  19,230.73  39.60   
 61.8% Down from Intraday High  19,255.06  24.33   
 Daily Pivot  19,260.11  5.05   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  19,274.80  14.69   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 Open  19,286.76  11.96   Yes! The Open is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  19,294.55  7.79   Yes! The 38.2% Down from Intraday High is close to the Open.
 Daily R1  19,329.10  34.54   
 High  19,358.48  29.38   
 Daily R2  19,427.46  68.98   
 Weekly R1  19,661.92  234.45   
 Monthly R1  19,732.75  70.83   
 Weekly R2  20,093.10  360.36   
 Monthly R2  20,234.76  141.66   

Wednesday 11/13/24. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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

The CPI has flipped to bearish, as the tall red bar on the far right of the chart shows.

I believe a retrace is happening that will take the indices lower. Not a lot, mind you, but some. I've flipped the targets (see top of page) to down. After a short retrace, I expect a resumption of the uptrend which will lead to new highs.

Picture of the chart pattern indicator

The two green circles on the chart highlights where I believe the index will retrace to, find support there, and resume the uptrend. On the left scale, that's about 5825.

$ $ $

Here's a symbol list of 184 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AXDX, ACN, AEIS, AES, AFL, APD, AA, AEE, AMGN, AAPL, ACGL, AIZ, AGO, BMI, BAX, BKH, BLDR, BG, CDNS, CE, CLS, CX, CENX, CDAY, CLF, CLX, CNA, ED, COP, CSGP, CROX, DVN, DDS, DSGR, ^DJI, EBAY, ECL, EIX, EG, EVRG, FIS, FMC, FORM, FTV, FNV, FCX, GAP, GD, GNW, HTLD, HP, HSIC, HNI, HD, HON, DHI, HUN, IDA, INCY, NSP, ITGR, IPI, K, LHX, LANC, LEN, LLY, LMT, LOW, LXU, M, MGY, MRO, MCHX, MLM, MTRX, MGEE, MUR, JWN, NOC, NOVT, OXY, OTEX, OR, PKE, PATK, PYPL, PCG, PNW, PLXS, PPG, PPL, PINC, PHM, PSTG, QTWO, RL, RMBS, RTX, RGS, RNG, ROL, SAND, SHW, SHOP, SO, SCCO, SWX, SR, TECH, TFX, TEVA, TKR, TDG, UHAL, VECO, VRTX, WPM, WWW, WWD, ITA, IYM, DDM, FXI, IEV, MXI, SOXX, IGE, EWO, EWK, ECH, EEM, EWQ, EWG, EWH, EWM, EZA, EWY, EWP, EWD, EWL, EWT, THD, EWU, IBB, PPA, GLD, XLI, XLB, XAR, 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.

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

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Tuesday 11/12/24. Slider Trading Quiz!

The Dow climbed by 0.7% or 304.14 points. Since 10/01/1928 the Dow made 713 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 389 occasions.
     Average loss was -0.7% on 324 occasions.
Expect the Dow to close higher 54.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 296/544 or 54.4% of the time.
     The prediction of the Dow closing lower has been right 54/117 or 46.2% of the time.

$ $ $

I show another slider trading quiz featuring Werner Enterprises: WERN stock.

$ $ $

Here's a symbol list of 207 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AXDX, ADBE, ADTN, AEIS, AFL, A, AKAM, ALB, AEE, AEO, AXP, AFG, AIG, AMGN, AMN, ANIK, AR, ANET, ASH, AIZ, AGO, ADSK, BSET, BECN, BMRN, BA, BMY, BBW, CE, CLS, CENX, CDAY, CVX, CINF, CSCO, CLF, CNA, CNO, CMTL, CAG, CSGP, CR, CW, FANG, DDS, DSGR, ECL, EME, EPAM, EQT, EVRG, EXPD, FLS, FTV, FNV, FCX, GAP, GD, GNW, GMS, GS, GFF, THG, HIG, HSII, DHI, HUN, INCY, IIIN, IBKR, JBLU, LHX, LZB, LANC, LEG, LDOS, LOW, LPLA, LXU, MGY, MRTN, MLM, MTRX, MS, MOS, NOC, NOVT, OMCL, ON, PANW, PTEN, PYPL, PEN, PFE, PCG, PNW, PLXS, PPL, PRU, QTWO, RL, RRC, RGA, RNG, ROL, R, CRM, SCHW, SAIC, SIGI, SHOP, STR, SKYW, SCCO, LUV, SCS, TKR, TSCO, TDG, TRV, TG, TREX, TWLO, UHAL, UIS, UNM, VMI, VECO, VRTX, WMT, WAT, WERN, WLK, WPM, WWW, WWD, ITA, IYM, IAI, IYC, IHE, DDM, FDN, FXI, BOTZ, IHF, IAT, IYZ, IEV, IGV, MXI, SLV, IYF, EWA, EWK, ECH, EEM, EWM, EPP, EWS, EZA, EWY, EWP, EWD, THD, TUR, IBB, PPA, PEJ, XLY, XLF, GLD, XLI, XRT, XAR, VIS, VAW, MGK. Click this link for details (pattern type, start and end dates).

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

$ $ $

The following table shows where Fibonacci retrace values of the day's high-low range are plus pivot points, calculated on the 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)

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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  40,855.52    
 Weekly S2  40,855.52  0.00   Yes! The Weekly S2 is close to the Monthly S2.
 Weekly S1  42,574.32  1,718.81   
 Monthly S1  42,574.32  0.00   Yes! The Monthly S1 is close to the Weekly S1.
 Monthly Pivot  43,365.81  791.48   
 Weekly Pivot  43,365.81  0.00   Yes! The Weekly Pivot is close to the Monthly Pivot.
 Daily S2  43,850.11  484.30   
 Low  44,057.65  207.54   
 Open  44,057.65  0.00   Yes! The Open is close to the Low.
 Daily S1  44,071.62  13.97   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High  44,221.55  149.93   
 50% Down from Intraday High  44,272.18  50.63   
 Daily Pivot  44,279.16  6.98   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  44,293.13  13.97   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  44,322.80  29.68   Yes! The 38.2% Down from Intraday High is close to the Close.
 High  44,486.70  163.89   
 Daily R1  44,500.67  13.97   Yes! The Daily R1 is close to the High.
 Daily R2  44,708.21  207.54   
 Weekly R1  45,084.61  376.40   
 Monthly R1  45,084.61  0.00   Yes! The Monthly R1 is close to the Weekly R1.
 Monthly R2  45,876.10  791.48   
 Weekly R2  45,876.10  0.00   Yes! The Weekly R2 is close to the Monthly R2.

Monday 11/11/24. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

I show the Dow utilities on the daily scale.

Outlined in red is a chart pattern called a broadening top. Those break out upward 60% of the time in a bull market. At A, we can see the index heading toward the top of the pattern, but it has a long way to go.

A partial rise occurs when the index climbs partway up the pattern and reverses to breakout lower 52% of the time. The near-random value isn't inspiring and we'll have to see what happens to the index.

I'm expecting a recovery but the utilities seem to have a mind of their own recently, so your guess is as good as mine.

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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 257.59 points.
Tuesday: Up 427.28 points.
Wednesday: Up 1508.05 points.
Thursday: Down 0.59 points.
Friday: Up 259.65 points.

For the Week...

The Dow industrials were up 1936.8 points or 4.6%.
The Nasdaq composite was up 1046.86 points or 5.7%.
The S&P 500 index was up 266.74 points or 4.7%.

Year to Date...

Dow Industrials
     0.4% down from the high of 44,157.29 on 11/08/2024.
     18.5% up from the low of 37,122.95 on 01/18/2024.
Nasdaq
     0.2% down from the high of 19,318.56 on 11/08/2024.
     33.2% up from the low of 14,477.57 on 01/05/2024.
S&P 500
     0.3% down from the high of 6,012.45 on 11/08/2024.
     28.1% up from the low of 4,682.11 on 01/05/2024.

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).

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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  43,537  43,763  43,960  44,186  44,383 
Weekly  40,754  42,372  43,264  44,882  45,775 
Monthly  40,754  42,372  43,264  44,882  45,775 
S&P500 (^GSPC): Daily  5,959  5,977  5,995  6,013  6,031 
Weekly  5,586  5,791  5,902  6,106  6,217 
Monthly  5,573  5,784  5,898  6,110  6,224 
Nasdaq (^IXIC): Daily  19,182  19,235  19,277  19,329  19,371 
Weekly  17,700  18,494  18,906  19,699  20,112 
Monthly  17,417  18,352  18,835  19,770  20,253 

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.

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 116 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ACN, ADTN, A, ALRM, ALGT, ALL, AEE, AEO, AIG, AMN, APA, APOG, ACGL, ANET, ATO, AVA, BAX, BZH, BBY, BRC, CENX, CDAY, CTAS, CLNE, CMTL, CXW, GLW, CR, ECL, EME, EOG, EVRG, EVH, FICO, FIVN, FLEX, FLS, FTNT, FTV, FDP, FRD, HIG, HQY, HELE, HOV, HUN, IEX, ITW, INFN, PODD, KELYA, KFRC, KSS, LANC, L, LPLA, MGY, MTRN, MGEE, MCO, ^IXIC, OLN, OMCL, OXM, PATK, PEN, PFE, PINC, DGX, RRC, RNG, RLI, ROL, ROP, R, SEE, SCI, SKYW, SCS, SSYS, SNPS, TPR, TRGP, UIS, VEEV, VRTX, VMC, WLK, IYK, IYE, BOTZ, QQQ, ICF, IYH, IYZ, MXI, EWI, EWS, THD, TUR, QLD, PJP, PHO, UNG, 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. IT Services1. Internet
2. Internet2. IT Services
3. Securities Brokerage3. E-Commerce
4. Insurance (Diversified)4. Insurance (Diversified)
5. Trucking/Transp. Leasing5. Medical Supplies
6. E-Commerce6. Securities Brokerage
7. Medical Supplies7. Computers and Peripherals
8. Natural Gas (Diversified)8. Advertising
9. Computers and Peripherals9. Homebuilding
10. Financial Services10. Metal Fabricating
Best Performing AboveWorst Performing Below
50. Biotechnology50. Food Processing
51. Medical Services51. Biotechnology
52. Shoe52. Shoe
53. Semiconductor Cap Equip.53. Medical Services
54. Oilfield Svcs/Equipment54. Semiconductor Cap Equip.
55. Chemical (Basic)55. Petroleum (Integrated)
56. Petroleum (Integrated)56. Oilfield Svcs/Equipment
57. Petroleum (Producing)57. Petroleum (Producing)
58. Human Resources58. Human Resources
59. Short ETFs59. Short ETFs
60. Toiletries/Cosmetics60. Toiletries/Cosmetics

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

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Friday 11/8/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 164 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ACIW, AEIS, AES, A, APD, ALRM, DOX, AMED, APA, AMAT, ANET, ATO, BCPC, BSET, BAX, BZH, BAH, CPB, CENX, CVX, CLNE, ED, CR, XRAY, DVN, DDS, EME, EPAM, EG, EXC, FDS, FARO, FIVN, FTNT, GME, GILD, GMS, GOOGL, GPRO, HBI, HAYN, HUBG, JBHT, HURC, IEX, ITW, NSP, IIIN, ITGR, INTC, INTU, JKHY, JAZZ, KALU, LANC, RAMP, L, LPLA, MTSI, MRTN, MA, ^IXIC, NFG, NFLX, NWPX, NTNX, OMI, OXM, PKE, PATK, PTEN, QTWO, KWR, RL, RGA, RNG, RES, R, ^GSPC, SAIA, SAND, SCHW, SMG, STR, SMAR, SXI, SCS, SSYS, SUM, SNPS, TPR, TDOC, TPX, TER, TTD, TZOO, TG, UIS, UNH, VFC, VLO, VEEV, V, WRB, WU, WLK, WOLF, ITA, IYC, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, IYZ, IGV, IXN, SOXX, IYF, EWK, EWH, EWJ, EWS, EWY, EWL, EWT, QLD, PPA, PBE, PHO, SSO, ROBO, XLY, XLF, XLI, SPY, XLK, SMH, 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.

$ $ $

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)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDFlag, high and tight      09/09/202410/28/2024Electronics
MMMDouble Bottom, Adam and Adam      10/25/202411/05/2024Diversified Co.
ANFPipe top      10/14/202410/21/2024Apparel
ABMDouble Bottom, Eve and Eve      10/25/202411/01/2024Industrial Services
AXDXTriangle, ascending      09/03/202411/07/2024Medical Services
ADTNTriple bottom      10/23/202411/05/2024Telecom. Equipment
AMDHead-and-shoulders top      09/26/202410/29/2024Semiconductor
AFLDouble Top, Adam and Eve      10/04/202410/18/2024Insurance (Diversified)
ALRMHead-and-shoulders complex bottom      09/11/202411/04/2024Computer Software and Svcs
ALGTFlag, high and tight      09/10/202411/07/2024Air Transport
AMWDPipe top      10/14/202410/21/2024Building Materials
ANIKDead-cat bounce      10/31/202410/31/2024Biotechnology
ARBroadening bottom      10/15/202411/07/2024Natural Gas (Diversified)
APOGDouble Bottom, Eve and Eve      10/24/202410/31/2024Building Materials
AMATDouble Bottom, Adam and Eve      10/23/202410/31/2024Semiconductor Cap Equip.
ARCBDouble Bottom, Adam and Adam      10/23/202411/01/2024Trucking/Transp. Leasing
ANETDouble Bottom, Adam and Adam      10/15/202410/31/2024E-Commerce
AVYDiamond top      08/26/202410/18/2024Packaging and Container
AVADouble Top, Eve and Eve      10/15/202410/24/2024Electric Utility (West)
BALLTriple top      09/17/202410/18/2024Packaging and Container
BSETDouble Bottom, Eve and Adam      10/15/202410/28/2024Furn/Home Furnishings
BERYBroadening top      09/26/202411/05/2024Packaging and Container
BKHTriple top      09/17/202410/16/2024Electric Utility (West)
BOOTDead-cat bounce      10/29/202410/29/2024Shoe
BAHDouble Top, Adam and Adam      10/25/202411/06/2024IT Services
CEDead-cat bounce      11/05/202411/05/2024Chemical (Basic)
CLSFlag, high and tight      09/10/202411/07/2024Electronics
CENXFlag, high and tight      09/11/202411/07/2024Metals and Mining (Div.)
CLNEDouble Bottom, Adam and Adam      10/11/202410/24/2024Natural Gas (Distributor)
CNXDouble Bottom, Adam and Eve      10/15/202411/01/2024Natural Gas (Diversified)
CGNXDouble Bottom, Adam and Adam      10/10/202410/24/2024Precision Instrument
CMTLDead-cat bounce      11/01/202411/01/2024Telecom. Equipment
CRPipe bottom      10/21/202410/28/2024Diversified Co.
CWDouble Bottom, Eve and Adam      10/25/202410/31/2024Machinery
XRAYDead-cat bounce      11/07/202411/07/2024Medical Supplies
DDSUgly double bottom      09/11/202410/14/2024Retail Store
^DJUBroadening top      09/16/202411/06/2024None
EXPDouble Bottom, Eve and Adam      10/07/202410/29/2024Cement and Aggregates
EBAYTriple top      10/08/202410/15/2024Internet
EMEPipe bottom      10/21/202410/28/2024Industrial Services
EQTDouble Bottom, Eve and Adam      10/23/202411/01/2024Natural Gas (Diversified)
ELDead-cat bounce      10/31/202410/31/2024Toiletries/Cosmetics
EXCHead-and-shoulders complex top      09/20/202410/24/2024Electric Utility (East)
FAROTriple bottom      10/10/202411/05/2024Precision Instrument
FWRDHead-and-shoulders top      10/09/202410/30/2024Trucking/Transp. Leasing
FCXDouble Bottom, Adam and Adam      10/31/202411/06/2024Metals and Mining (Div.)
GDTriple top      09/16/202410/23/2024Aerospace/Defense
GPNTriple bottom      09/25/202410/30/2024Computer Software and Svcs
GMSTriple bottom      09/25/202410/23/2024Cement and Aggregates
GOOGLUgly double bottom      09/09/202410/09/2024Internet
HLITDead-cat bounce      10/29/202410/29/2024Telecom. Equipment
HEUgly double bottom      10/02/202410/23/2024Electric Utility (West)
HQYDouble Top, Eve and Eve      10/21/202410/25/2024Healthcare Information
HLDouble Top, Adam and Adam      09/26/202410/22/2024Metals and Mining (Div.)
HNIPipe top      10/14/202410/21/2024Furn/Home Furnishings
DHIPipe top      10/14/202410/21/2024Homebuilding
HUBGDouble Bottom, Adam and Adam      08/02/202410/31/2024Trucking/Transp. Leasing
IDADouble Bottom, Eve and Adam      10/10/202410/31/2024Electric Utility (West)
ITWDouble Bottom, Adam and Eve      10/08/202410/29/2024Metal Fabricating
IIINDouble Bottom, Eve and Eve      10/21/202410/31/2024Building Materials
INTCTriple bottom      10/03/202410/31/2024Semiconductor
INTUTriple bottom      10/03/202411/01/2024Computer Software and Svcs
JAZZDouble Bottom, Adam and Adam      10/24/202411/05/2024Biotechnology
JNJDouble Top, Adam and Adam      10/15/202410/23/2024Medical Supplies
KBHHead-and-shoulders top      08/26/202410/18/2024Homebuilding
KELYADead-cat bounce      11/07/202411/07/2024Human Resources
KMTTriangle, symmetrical      09/27/202411/01/2024Metal Fabricating
KSSDouble Top, Adam and Adam      09/30/202410/22/2024Retail Store
LHDouble Bottom, Adam and Adam      10/28/202411/05/2024Medical Services
LANCDouble Bottom, Adam and Adam      10/22/202410/31/2024Food Processing
RAMPTriple bottom      09/11/202410/23/2024Computer Software and Svcs
LBroadening bottom      09/11/202411/06/2024Insurance (Prop/Casualty)
MHOPipe top      10/14/202410/21/2024Homebuilding
MANHDouble Bottom, Adam and Eve      10/23/202410/31/2024IT Services
MRTNDouble Bottom, Eve and Adam      10/22/202410/31/2024Trucking/Transp. Leasing
MTRNDouble Bottom, Adam and Adam      10/24/202410/31/2024Metals and Mining (Div.)
MTRXTriangle, descending      10/02/202411/05/2024Oilfield Svcs/Equipment
MDTDouble Top, Adam and Eve      10/18/202410/24/2024Medical Supplies
METATriple top      10/07/202410/30/2024E-Commerce
MGEEDouble Bottom, Eve and Adam      10/09/202411/04/2024Electric Utility (Central)
MYGNDead-cat bounce      11/01/202411/01/2024Biotechnology
^IXICBroadening top      10/15/202410/31/2024None
NOVDouble Bottom, Adam and Eve      10/24/202411/01/2024Oilfield Svcs/Equipment
NEUTriple bottom      10/08/202411/05/2024Chemical (Specialty)
NEETriple top      09/16/202410/23/2024Electric Utility (East)
NKEHead-and-shoulders top      08/27/202410/17/2024Shoe
NIBroadening top, right-angled and descending      10/22/202411/07/2024Electric Utility (Central)
NOCDouble Bottom, Adam and Adam      10/30/202411/04/2024Aerospace/Defense
OGEDouble Bottom, Eve and Adam      10/07/202411/05/2024Electric Utility (Central)
ORIDouble Bottom, Eve and Eve      10/25/202411/04/2024Insurance (Prop/Casualty)
OXMPipe top      10/14/202410/21/2024Apparel
PANWDouble Bottom, Adam and Eve      10/23/202411/04/2024Computer Software and Svcs
PYPLDouble Bottom, Adam and Adam      10/29/202411/01/2024Financial Services
PENDouble Bottom, Adam and Adam      10/17/202410/23/2024Medical Supplies
PETSTriangle, ascending      10/03/202411/01/2024Medical Services
PFEDouble Top, Eve and Adam      09/19/202410/09/2024Drug
PNWDouble Bottom, Eve and Adam      10/10/202411/04/2024Electric Utility (West)
PPGHead-and-shoulders top      08/30/202410/17/2024Chemical (Diversified)
PHMPipe top      10/14/202410/14/2024Homebuilding
RLDouble Bottom, Eve and Adam      10/23/202411/01/2024Apparel
RRCDouble Bottom, Adam and Adam      10/18/202411/01/2024Petroleum (Producing)
RGSHorn top      09/23/202410/07/2024Toiletries/Cosmetics
ROKDouble Bottom, Adam and Adam      10/23/202411/04/2024Diversified Co.
RCKYDead-cat bounce      10/31/202410/31/2024Shoe
ROGHead-and-shoulders bottom      10/10/202411/01/2024Electronics
ROPDouble Bottom, Adam and Adam      10/23/202411/04/2024Industrial Services
RGLDDouble Top, Adam and Adam      10/21/202410/29/2024Metals and Mining (Div.)
RPipe bottom      10/21/202410/28/2024Trucking/Transp. Leasing
SAIADouble Bottom, Adam and Eve      10/07/202410/24/2024Trucking/Transp. Leasing
SMGDead-cat bounce      11/06/202411/06/2024Chemical (Basic)
SMTCPipe bottom      09/30/202410/07/2024Semiconductor Cap Equip.
SXIDouble Bottom, Eve and Eve      10/10/202410/23/2024Diversified Co.
SSYSHead-and-shoulders bottom      10/15/202410/31/2024Electronics
SNPSDouble Bottom, Eve and Adam      10/07/202410/23/2024Computer Software and Svcs
TPXDouble Bottom, Adam and Adam      10/25/202411/01/2024Furn/Home Furnishings
TXTDouble Bottom, Adam and Eve      10/24/202411/01/2024Diversified Co.
TKRDouble Top, Adam and Eve      09/27/202410/18/2024Metal Fabricating
RIGDouble Bottom, Adam and Eve      10/15/202410/29/2024Oilfield Svcs/Equipment
UISPipe bottom      10/21/202410/28/2024Computers and Peripherals
VRSNTriple top      09/30/202410/25/2024Internet
VRTXDouble Bottom, Adam and Adam      10/23/202411/01/2024Biotechnology
WRBPipe top      10/14/202410/21/2024Insurance (Prop/Casualty)
WERNTriple bottom      09/11/202410/30/2024Trucking/Transp. Leasing
WPMDouble Top, Adam and Adam      10/22/202410/29/2024Metals and Mining (Div.)
WSCUgly double bottom      08/07/202409/09/2024Industrial Services
WOLFDead-cat bounce      11/07/202411/07/2024Semiconductor
WWDDouble Bottom, Adam and Adam      10/24/202411/04/2024Precision Instrument
WDAYDouble Bottom, Eve and Eve      10/02/202411/01/2024Computer Software and Svcs

 

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Thursday 11/7/24. Dow After 2016 Election

The Nasdaq climbed by 3.0% or 544.3 points. Since 02/05/1971 the Nasdaq made 19 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 8 occasions.
     Average loss was -1.0% on 11 occasions.
Expect the Nasdaq to close lower 57.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 285/509 or 56.0% of the time.
     The prediction of the Nasdaq closing lower has been right 81/168 or 48.2% of the time.

$ $ $

Picture of the dow in 2016.

I show a picture of the Dow industrials on the daily scale, but the chart is from 2016.

Instead of charting the Nasdaq intraday, I thought it would be instructive to see what happened the last time Trump won the election.

The chart shows the election on November 8, 2016. The next day, Trump was declared the winner, beating Clinton.

Notice what the Dow industrials did.

From the November low, the Dow was already moving up as if a Trump win was expected. After he won, it continued to rise.

What will happen this time? No one knows, of course. But the CPI (chart pattern indicator) reached 87.8 today, which is bullish but far below 100. I thought the indicator would be pegged at 100. Hmm. To me, that's a danger signal.

With the above stats suggesting a lower close 58% of the time (near random), I'm thinking that we'll see the markets retrace sone of the big gain.

Oh. I should mention that I thought the markets would be quiet (see yesterday's blog post) until the FED announces a quarter-point drop in rates tomorrow (Thursday). So I missed calling this rally. Oops. I didn't think the markets would react to a win by either side.

$ $ $

Here's a symbol list of 354 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ABM, AXDX, ACN, ACIW, AYI, AES, AFL, A, AKAM, ALRM, ALK, ALKS, ALGT, ALL, DOX, AMED, AEO, AMWD, AME, AMN, APH, AR, AON, APOG, ATR, ARCB, ANET, AWI, AIZ, AGO, ATO, ADSK, ADP, AVY, AVNT, AVA, AZTA, BMI, BCPC, BSET, BAX, BERY, BA, BKNG, BOOT, BAH, BFH, BMY, BR, CACI, CALM, CAL, CPB, CE, CLS, CX, COR, CENX, CDAY, CRL, CVX, CIEN, CINF, CTAS, CSCO, CLNE, CLF, CNO, CGNX, CTSH, CL, CMCO, ED, COP, CXW, GLW, COTY, CR, CRH, CCRN, CCK, CSGS, CTS, CW, DDS, DFS, ^DJT, EXP, ECL, EME, EMR, EFX, EQT, EG, EVH, EXPI, FFIV, FAST, FISV, FLEX, FLS, FMC, FTNT, FWRD, GAP, GD, GIS, GNW, GILD, GPN, GFS, GL, GMS, GPRO, GGG, HBI, THG, HQY, HL, HSII, HSY, HNI, HOLX, DHI, HWM, HUBG, JBHT, IEX, ITW, INCY, INFN, PODD, ITGR, INTC, IPAR, IBKR, INTU, JKHY, JAZZ, KALU, KELYA, KMT, KEYS, KFRC, KMB, KSS, KLIC, LZB, LH, LANC, LDOS, LLY, RAMP, L, LPLA, MGY, MRO, MKTX, MRTN, MTDR, MTRN, MRK, MRCY, MU, MSFT, MLKN, MS, MOS, MLI, NBR, ^IXIC, NFLX, NEU, NEE, NKE, JWN, NWPX, NVDA, OXY, OMCL, OMC, OR, OUT, PKG, PKE, PCTY, PYPL, PNW, PLXS, PFG, PGR, PRU, QTWO, KWR, QCOM, RMBS, RRC, REGN, RGS, RLI, ROK, RCKY, ROG, ROST, RGLD, R, ^GSPC, SAIA, CRM, SBH, SLB, SMG, SEIC, SIGI, SRE, SCI, NOW, SLGN, STR, SKX, SKYW, SMAR, SR, SPSC, SXI, SRDX, SNPS, TPR, TRGP, TGT, TECH, TDC, TER, TEVA, TXT, TKR, TJX, TSCO, TDG, RIG, TZOO, TG, UIS, UNH, UNM, VFC, VLO, VMI, MDRX, VRSN, V, VC, VMC, WSO, WERN, WU, WLK, WPM, WMB, WSC, ZBRA, IYK, IYC, IYE, IEZ, FDN, FXL, BOTZ, QQQ, IHF, IAT, IYZ, IGV, MXI, SLV, IEO, IYF, EWK, EWC, ECH, EWQ, EIS, EWW, EWD, EWL, THD, EWU, PPA, PBE, PEJ, PXJ, PJP, PHO, SSO, ROBO, XLY, XLP, GLD, XLV, XLB, XRT, SPY, SMH, VHT, 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 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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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  17,494.55    
 Weekly S2  17,916.10  421.55   
 Monthly S1  18,239.01  322.91   
 Weekly S1  18,449.78  210.77   
 Monthly Pivot  18,512.25  62.47   
 Weekly Pivot  18,617.64  105.39   
 Daily S2  18,634.44  16.80   Yes! The Daily S2 is close to the Weekly Pivot.
 Low  18,730.21  95.77   
 Open  18,772.76  42.55   
 Daily S1  18,808.95  36.19   
 61.8% Down from Intraday High  18,833.46  24.51   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  18,865.36  31.89   
 38.2% Down from Intraday High  18,897.25  31.89   
 Daily Pivot  18,904.73  7.48   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  18,983.47  78.74   
 High  19,000.50  17.03   Yes! The High is close to the Close.
 Daily R1  19,079.24  78.74   
 Weekly R1  19,151.32  72.08   
 Daily R2  19,175.02  23.69   Yes! The Daily R2 is close to the Weekly R1.
 Monthly R1  19,256.71  81.69   
 Weekly R2  19,319.18  62.46   
 Monthly R2  19,529.95  210.77   

Wednesday 11/6/24. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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

The CPI has turned bullish as the vertical green bar on the far right of the chart shows.

The signal suggests that the recent retrace in the index is over, but I know that big moves like we saw today (Tuesday) are what pulled the CPI higher.

Picture of the chart pattern indicator

I drew a red line to show the timing of the CPI peak related to the index, and the green line to show where the CPI turned higher. (I think I drew the green line incorrectly. It should line up better with the gap in the index).

This chart shows the CPI suggesting a higher move coming.

$ $ $

The Federal Reserve meets Wednesday and Thursday this week, so expect the markets to be calm until late Thursday afternoon when they announce their decision. Look for a one-quarter drop in interest rates.

$ $ $

Here's a symbol list of 138 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABM, AXDX, AEIS, AFL, A, AKAM, ALRM, AA, ALKS, DOX, AEO, AIG, AMN, ANIK, ATR, ARCB, ADM, ANET, AGO, BMI, BAX, BA, BRC, BMY, CE, CLS, CNC, CENX, CHD, CTAS, CLNE, CLF, CR, CRH, CSGS, CMI, BOOM, EME, EFX, EXPI, FDX, FIS, FISV, FIVN, FTNT, FNV, GNW, GMS, GFF, THG, HLIT, HQY, HSII, HD, HUBG, HUN, IDA, IBP, IIIN, IRM, KMT, KSS, LRCX, LEG, LPLA, MTSI, MKTX, MS, MUR, ^IXIC, NWL, NEU, NOVT, NUS, OMCL, ASGN, OUT, PATK, PPG, PINC, KWR, RNG, RHI, RCKY, R, SCHW, SKX, SMAR, SSYS, TPR, TRGP, TPX, TKR, RIG, TREX, UIS, UNM, WSO, WLK, WMB, IAI, IYC, FTEC, FXL, FXI, BOTZ, IYZ, IXN, IYF, IHI, EWK, ECH, EEM, EWG, EWH, EWM, EWW, EZA, PBE, XAR, XLK, UNG, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

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Tuesday 11/5/24. Slider Trading Quiz!

The Dow dropped by -0.6% or -257.59 points. Since 10/01/1928 the Dow made 705 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 365 occasions.
     Average loss was -0.7% on 340 occasions.
Expect the Dow to close higher 51.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 295/543 or 54.3% of the time.
     The prediction of the Dow closing lower has been right 54/117 or 46.2% of the time.

$ $ $

I show another slider trading quiz featuring Williams-Sonoma (WSM) stock.

$ $ $

Here's a symbol list of 117 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ABM, AXDX, AFL, ATSG, AKAM, ALRM, AEO, AIG, AMGN, AGO, BALL, BSET, CNP, CDAY, CI, CSCO, CLNE, CNX, CMTL, GLW, CCRN, CSGS, DVN, EMN, EBAY, EME, EOG, EPAM, EXPI, FIS, FTNT, FTV, GNW, GFS, HE, HAYN, HSII, HUM, JBHT, HURC, IBP, IPG, JKHY, KBH, K, KELYA, KMT, KSS, LNC, L, LPLA, MHO, MS, MOS, NWL, JWN, OMI, OXM, PEN, PFE, PNW, POR, PEG, PHM, PSTG, RGS, CRM, SIGI, SHW, SLGN, SMAR, TPR, TDC, TOL, TG, UHAL, UNM, VECO, MDRX, VC, VMC, WRB, WLK, WEX, WSM, WDAY, ZBRA, IDU, IAT, IYZ, MXI, ILF, ITB, EWO, EWK, EWZ, EEM, EWM, EWW, EWS, EZA, EWY, THD, TUR, XLU. 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)

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© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  40,654.31    
 Weekly S2  41,209.80  555.49   
 Monthly S1  41,224.46  14.66   Yes! The Monthly S1 is close to the Weekly S2.
 Daily S2  41,436.95  212.50   
 Weekly S1  41,502.20  65.25   
 Daily S1  41,615.78  113.58   
 Low  41,647.00  31.22   Yes! The Low is close to the Daily S1.
 Close  41,794.60  147.60   
 61.8% Down from Intraday High  41,795.55  0.95   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  41,825.82  30.28   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  41,841.43  15.61   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  41,887.32  45.89   
 Weekly Pivot  41,997.03  109.71   
 Daily R1  42,004.65  7.62   Yes! The Daily R1 is close to the Weekly Pivot.
 Open  42,004.66  0.01   Yes! The Open is close to the Daily R1.
 High  42,035.87  31.21   Yes! The High is close to the Open.
 Daily R2  42,214.69  178.82   
 Monthly Pivot  42,274.77  60.08   
 Weekly R1  42,289.43  14.66   Yes! The Weekly R1 is close to the Monthly Pivot.
 Weekly R2  42,784.26  494.83   
 Monthly R1  42,844.92  60.66   
 Monthly R2  43,895.23  1,050.32   

Monday 11/4/24. Market Monday: The Week Ahead

My Prediction

Picture of the S and P 500 on the daily scale.

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

The chart pattern pictured is a rising wedge. That's bad news for two reasons.

First, the wedge breaks out downward most often 60% of the time, according to my book, Encyclopedia of Chart Patterns, 3rd Edition (#AD)

In this case, the wedge did the unusual by breaking out upward first. However, the index reversed and dropped below the bottom red trendline.

Second, this is what I call a busted rising wedge, although I usually wait for the security to close below the bottom of the chart pattern. In this case, that would be a delay that's too far.

What does a busted pattern mean? It suggests, but does not guarantee, that we'll see the index continue to drop.

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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: Up 273.17 points.
Tuesday: Down 154.52 points.
Wednesday: Down 91.51 points.
Thursday: Down 378.08 points.
Friday: Up 288.73 points.

For the Week...

The Dow industrials were down 62.21 points or 0.1%.
The Nasdaq composite was down 278.69 points or 1.5%.
The S&P 500 index was down 79.32 points or 1.4%.

Year to Date...

Dow Industrials
     2.9% down from the high of 43,325.09 on 10/18/2024.
     13.3% up from the low of 37,122.95 on 01/18/2024.
Nasdaq
     2.9% down from the high of 18,785.49 on 10/30/2024.
     26.0% up from the low of 14,477.57 on 01/05/2024.
S&P 500
     2.5% down from the high of 5,878.46 on 10/17/2024.
     22.4% up from the low of 4,682.11 on 01/05/2024.

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  41,626  41,839  42,083  42,296  42,539 
Weekly  41,296  41,674  42,083  42,461  42,870 
Monthly  40,740  41,396  42,361  43,017  43,981 
S&P500 (^GSPC): Daily  5,692  5,711  5,742  5,760  5,791 
Weekly  5,613  5,671  5,761  5,819  5,909 
Monthly  5,556  5,642  5,760  5,847  5,965 
Nasdaq (^IXIC): Daily  18,079  18,160  18,262  18,342  18,444 
Weekly  17,668  17,954  18,370  18,656  19,071 
Monthly  17,247  17,743  18,264  18,761  19,282 

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.

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 165 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, AXDX, AYI, AES, AFL, AKAM, ALRM, AMZN, AMED, AEO, AFG, AIG, APH, ANIK, APOG, AAPL, ACGL, AGO, AVNT, AXS, BSET, BKNG, BSX, BRKR, BBW, CE, CNP, CF, CHD, CNX, CMTL, COST, CCRN, CSGS, ^DJU, ^DJI, EMN, ECL, EIX, ELV, EOG, EQT, EG, FORM, FTV, GNW, GMS, HE, HP, DHI, IDA, PODD, INTC, TILE, INTU, KBH, KEYS, LEN, LNC, LPLA, MHO, MGY, MCHX, MRTN, MTRN, MGEE, MU, MCO, MUR, MYGN, NEU, NEE, NI, JWN, NOC, NWPX, OGE, ASGN, OTEX, ORCL, OUT, OMI, OXM, PANW, PDCO, PCG, PNW, PPG, PEG, PHM, KWR, REGN, RGA, ROL, RGLD, SAIA, SIGI, SHOP, SMAR, SO, TRGP, TFX, TPX, TOL, TG, UNM, VLO, VMC, WRB, WMT, WERN, WMB, WSC, WWW, ZBRA, ITA, IAI, IYC, IYE, IDU, IYZ, IXC, SLV, IGE, IHI, EWK, EWZ, EWG, EIS, EWW, EWT, TUR, IBB, PPA, DBA, PHO, SSO, GLD, SPY, XAR, 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.

This WeekLast Week
1. Internet1. IT Services
2. IT Services2. Internet
3. E-Commerce3. E-Commerce
4. Insurance (Diversified)4. Telecom. Equipment
5. Medical Supplies5. Metal Fabricating
6. Securities Brokerage6. Homebuilding
7. Computers and Peripherals7. Computers and Peripherals
8. Advertising8. Securities Brokerage
9. Homebuilding9. Advertising
10. Metal Fabricating10. Insurance (Diversified)
Best Performing AboveWorst Performing Below
50. Food Processing50. Precision Instrument
51. Biotechnology51. Natural Gas (Distributor)
52. Shoe52. Semiconductor Cap Equip.
53. Medical Services53. Medical Services
54. Semiconductor Cap Equip.54. Trucking/Transp. Leasing
55. Petroleum (Integrated)55. Oilfield Svcs/Equipment
56. Oilfield Svcs/Equipment56. Petroleum (Integrated)
57. Petroleum (Producing)57. Petroleum (Producing)
58. Human Resources58. Human Resources
59. Short ETFs59. Toiletries/Cosmetics
60. Toiletries/Cosmetics60. Short ETFs

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

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Friday 11/1/24. 2024 Forecast Update

Here's the updated 2024 market forecast, presented in slider format.

$ $ $

Here's a symbol list of 174 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ADTN, AEIS, AMD, AFL, AKAM, ALKS, ALGT, ALL, AFG, ANIK, ATR, ACGL, ANET, ARW, AGO, AXS, BALL, BAX, BECN, BIO, BA, BKNG, BFH, BMY, BBW, CACI, CE, CX, CNC, CF, CLNE, CNX, CGNX, COST, CCRN, CCK, CSGS, CTS, CW, DECK, DDS, DFS, ^DJI, EMN, EBAY, ECL, EL, EG, FLEX, FORM, FTV, FWRD, FNV, FCX, FRD, GNW, THG, HL, HUN, HURC, IDXX, ITW, IIIN, INTC, TILE, IPG, KBH, KEYS, LRCX, L, LPLA, MHO, MGY, MCHX, MA, MTDR, MU, MLKN, MCO, NEU, NKE, JWN, NOVT, NTNX, ORI, OMCL, ORCL, OUT, OXM, PANW, PDCO, PTEN, PPG, PINC, PHM, REGN, RCKY, ROG, RES, ^GSPC, SEIC, SIGI, SCI, SCCO, LUV, SPSC, SXI, SCS, SNPS, TRGP, TOL, TWLO, UNH, VFC, VECO, WRB, WSC, WWW, XEL, ITA, IYM, DDM, IHF, IYZ, IEV, MXI, IXN, SLV, IGE, EWA, EWK, EEM, EIS, EPP, EZA, EWY, EWD, EWL, EWT, EWU, IBB, PPA, SSO, XLI, SPY, XAR, VIS, VAW, 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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