Bulkowski's Blog: ThePatternSite.com
As of 11/26/2025
  Indus: 47,427 +314.67 +0.7%  
  Trans: 16,531 +129.97 +0.8%  
  Utils: 1,121 +14.81 +1.3%  
  Nasdaq: 23,215 +189.10 +0.8%  
  S&P 500: 6,813 +46.73 +0.7%  
YTD
 +11.5%  
 +4.0%  
 +14.1%  
 +20.2%  
 +15.8%  
  Targets    Overview: 11/14/2025  
  Up arrow47,800 or 45,000 by 12/01/2025
  Up arrow17,400 or 15,800 by 12/15/2025
  Up arrow1,150 or 1,090 by 12/01/2025
  Up arrow24,000 or 21,800 by 12/01/2025
  Up arrow7,000 or 6,500 by 12/01/2025
As of 11/26/2025
  Indus: 47,427 +314.67 +0.7%  
  Trans: 16,531 +129.97 +0.8%  
  Utils: 1,121 +14.81 +1.3%  
  Nasdaq: 23,215 +189.10 +0.8%  
  S&P 500: 6,813 +46.73 +0.7%  
YTD
 +11.5%  
 +4.0%  
 +14.1%  
 +20.2%  
 +15.8%  
  Targets    Overview: 11/14/2025  
  Up arrow47,800 or 45,000 by 12/01/2025
  Up arrow17,400 or 15,800 by 12/15/2025
  Up arrow1,150 or 1,090 by 12/01/2025
  Up arrow24,000 or 21,800 by 12/01/2025
  Up arrow7,000 or 6,500 by 12/01/2025

November 2025 Headlines

Archives


Friday 11/28/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 20 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AA, AMAT, BOOT, CE, CRL, CXW, CROX, EMN, EOG, EL, FIVN, FLS, FORM, IBP, KLIC, LXU, OLN, SHOP, TG, WEX. 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), Orb Foresight (#Ad)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ANFTriple bottom      10/20/202511/24/2025Apparel
AATriple bottom      11/04/202511/21/2025Aerospace/Defense
ALGTUgly double bottom      11/04/202511/20/2025Air Transport
AMATPipe bottom      11/10/202511/17/2025Semiconductor Cap Equip.
ATRUgly double bottom      10/31/202511/20/2025Packaging and Container
ACGLUgly double bottom      10/28/202511/19/2025Insurance (Prop/Casualty)
BCPCTriangle, ascending      10/22/202511/26/2025Chemical (Specialty)
BIODouble Bottom, Eve and Eve      10/30/202511/18/2025Medical Supplies
BOOTPipe bottom      11/10/202511/17/2025Shoe
BBWDouble Bottom, Adam and Eve      11/11/202511/20/2025Retail (Special Lines)
CBTDouble Bottom, Eve and Eve      11/06/202511/20/2025Chemical (Diversified)
CLSPipe top      10/27/202511/10/2025Electronics
CRLDouble Bottom, Adam and Eve      11/05/202511/19/2025Biotechnology
CIUgly double bottom      11/03/202511/20/2025Medical Services
CTSHUgly double bottom      10/16/202511/18/2025IT Services
CROXPipe bottom      11/10/202511/17/2025Shoe
DUgly double bottom      11/03/202511/19/2025Electric Utility (East)
DOVUgly double bottom      10/14/202511/04/2025Machinery
ECLTriple bottom      11/03/202511/18/2025Chemical (Specialty)
ELVHead-and-shoulders bottom      11/03/202511/20/2025Medical Services
EFXDouble Bottom, Eve and Eve      11/07/202511/19/2025Information Services
ELDouble Bottom, Adam and Eve      11/07/202511/18/2025Toiletries/Cosmetics
EXPIUgly double bottom      11/06/202511/20/2025E-Commerce
GOOGLBroadening top      11/04/202511/17/2025Internet
HUBGTriple bottom      10/23/202511/19/2025Trucking/Transp. Leasing
HUNUgly double bottom      11/06/202511/18/2025Chemical (Specialty)
ITWDouble Bottom, Eve and Eve      11/03/202511/18/2025Metal Fabricating
IBPHorn bottom      11/03/202511/17/2025Retail Building Supply
ITGRUgly double bottom      10/30/202511/19/2025Electronics
KLICPipe bottom      11/10/202511/17/2025Semiconductor Cap Equip.
LHXHorn top      10/27/202511/10/2025Aerospace/Defense
LEGDouble Bottom, Eve and Eve      11/07/202511/18/2025Furn/Home Furnishings
LDOSPipe top      11/03/202511/10/2025IT Services
MLKNDouble Bottom, Adam and Eve      11/11/202511/18/2025Furn/Home Furnishings
NIDouble Bottom, Adam and Eve      11/13/202511/21/2025Electric Utility (Central)
NVDAPipe top      10/27/202511/03/2025Semiconductor
PATKDouble Bottom, Adam and Adam      11/18/202511/21/2025Retail Building Supply
PPGTriple bottom      11/04/202511/19/2025Chemical (Diversified)
DGXUgly double bottom      10/31/202511/19/2025Medical Services
RLDouble Bottom, Adam and Eve      10/10/202511/05/2025Apparel
RGATriangle, symmetrical      10/31/202511/24/2025Insurance (Life)
ROLUgly double bottom      10/29/202511/13/2025Industrial Services
^GSPCBroadening top      09/22/202511/21/2025None
SBHHead-and-shoulders bottom      11/06/202511/19/2025Toiletries/Cosmetics
LUVUgly double bottom      11/04/202511/20/2025Air Transport
SXIDouble Bottom, Adam and Adam      10/31/202511/14/2025Diversified Co.
TFXDouble Bottom, Adam and Eve      11/06/202511/18/2025Diversified Co.
VFCDouble Bottom, Eve and Eve      11/04/202511/18/2025Apparel
WSMDouble Top, Adam and Eve      10/03/202510/28/2025Retail (Special Lines)
WDAYDouble Top, Adam and Adam      11/14/202511/25/2025Computer Software and Svcs

 

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Wednesday 11/26/25. 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.

With the surge in the markets over the last few days, the CPI has climbed almost to its max (max 100, min 0), at 93.3. That means it can't rise much farther. In other words, such a high reading is bearish because the CPI will bounce off 100 and fall.

However, the index might not drop much. Look at A, which marks the most recent bearish turn. From A to the most recent green vertical bar, the drop is only 250 points (which might be considered large for the S&P).

A better example is the red and green pair in June (circled). The index eased lower but not by a lot.

So, I'm expecting a retrace but not a big one.

$ $ $

Here's a symbol list of 110 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ALB, AA, AEO, AMGN, AMAT, ATR, ACGL, ASH, AGO, ATO, AVA, BCPC, BSET, BOOT, BG, CAL, CE, CNP, CDAY, CRL, CHD, CINF, CLNE, CNA, CNO, COP, CXW, CROX, CSGS, EXP, EMN, EIX, EOG, EL, EXC, XOM, FICO, FIVN, FLS, FMC, FORM, FRD, GAP, IT, GILD, GL, HBI, HP, HUBG, HUM, JBHT, HUN, HURC, NSP, IBP, PODD, TILE, IPG, JBLU, KALU, KFRC, KLIC, LEG, LEN, LPLA, LXU, M, MDT, MYGN, NEU, OLN, OMC, OUT, PNW, POR, PRU, RLI, SIGI, SRE, SHOP, SCCO, SCS, SSYS, TPR, TFX, TXT, TMO, TG, V, VC, WEX, WSC, IHE, FXI, IAT, EWO, EWP, DBA, PBE, PEJ, PJP, XLB, XRT, 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), Orb Foresight (#Ad)

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Tuesday 11/25/25. Slider Trading Quiz!

The Dow climbed by 0.4% or 202.86 points. Since 10/01/1928 the Dow made 1159 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 614 occasions.
     Average loss was -0.6% on 545 occasions.
Expect the Dow to close higher 53.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 323/589 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 62/126 or 49.2% of the time.

$ $ $

I show another slider trading quiz featuring Southern Peru Copper 2: PCU stock.

$ $ $

Here's a symbol list of 74 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, ALKS, ALGT, ALL, AEO, APH, ANIK, AON, AAPL, ACGL, AWI, AXS, BSET, BKH, BR, CNP, CENX, CHKP, CIEN, CI, CLNE, CNX, CMCO, COP, CMI, EXPI, XOM, FNV, FDP, GILD, GFS, GOOGL, HBI, ILMN, JBLU, JNJ, LHX, LDOS, MGY, NFG, NTGR, OGE, PCTY, PINC, KWR, RMBS, ROK, SAIA, SMG, SMTC, LUV, SPSC, TECH, TJX, TZOO, VEEV, WRB, WAT, FTEC, FDN, IHF, IYZ, MXI, IXN, EWO, EWK, EEM, EWM, PJP, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  44,166.95    
 Weekly S2  44,986.29  819.34   
 Monthly S1  45,307.61  321.32   
 Weekly S1  45,717.28  409.67   
 Daily S2  45,901.63  184.35   
 Low  46,108.01  206.38   
 Daily S1  46,174.95  66.94   
 61.8% Down from Intraday High  46,291.25  116.30   
 50% Down from Intraday High  46,347.86  56.61   
 Open  46,351.93  4.07   Yes! The Open is close to the 50% Down from Intraday High.
 Daily Pivot  46,381.33  29.40   Yes! The Daily Pivot is close to the Open.
 38.2% Down from Intraday High  46,404.46  23.14   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  46,448.27  43.80   Yes! The Close is close to the 38.2% Down from Intraday High.
 Weekly Pivot  46,459.92  11.65   Yes! The Weekly Pivot is close to the Close.
 High  46,587.71  127.79   
 Daily R1  46,654.65  66.94   
 Daily R2  46,861.03  206.38   
 Monthly Pivot  46,869.59  8.56   Yes! The Monthly Pivot is close to the Daily R2.
 Weekly R1  47,190.91  321.32   
 Weekly R2  47,933.55  742.64   
 Monthly R1  48,010.25  76.70   
 Monthly R2  49,572.23  1,561.98   

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

My Prediction

Picture of the Dow transports on the daily scale.

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

AB is a chart pattern called a double top. Notice the downward move after the pattern confirms (price closes below the value of the low between the two peaks). CD is the reverse, called a double bottom. Price rises to E, which looks to hit the target suggested by the double bottom. Pattern E is a diamond top.

Pattern F is a symmetrical triangle. Symmetrical triangles are known for their indecision as to the breakout direction (I'm talking about busted patterns). In this case, we see the pattern triple bust (more, really). Finally, G is an ascending triangle. If you have any questions about these patterns, see the associate link.

What all of these patterns tell me is that price doesn't know which way to go. You don't see patterns form when price trends, but you do see them form when price moves sideways. A sideways move is what we've been seeing since July.

I don't see anything on this chart to suggest a trend forming. It will, eventually, but I don't see it yet.

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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 557.24 points.
Tuesday: Down 498.5 points.
Wednesday: Up 47.03 points.
Thursday: Down 386.51 points.
Friday: Up 493.15 points.

For the Week...

The Dow industrials were down 902.07 points or 1.9%.
The Nasdaq composite was down 627.51 points or 2.7%.
The S&P 500 index was down 131.12 points or 1.9%.

Year to Date...

Dow Industrials
     4.5% down from the high of 48,431.57 on 11/12/2025.
     26.3% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     7.3% down from the high of 24,019.99 on 10/29/2025.
     50.7% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     4.6% down from the high of 6,920.34 on 10/29/2025.
     36.6% up from the low of 4,835.04 on 04/07/2025.

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  45,406  45,825  46,201  46,621  46,997 
Weekly  44,919  45,582  46,392  47,056  47,866 
Monthly  44,099  45,172  46,802  47,875  49,505 
S&P500 (^GSPC): Daily  6,457  6,530  6,595  6,668  6,733 
Weekly  6,383  6,493  6,632  6,742  6,880 
Monthly  6,283  6,443  6,682  6,842  7,080 
Nasdaq (^IXIC): Daily  21,601  21,937  22,234  22,571  22,868 
Weekly  21,191  21,732  22,440  22,981  23,689 
Monthly  20,609  21,441  22,730  23,563  24,852 

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 109 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, AES, A, ALRM, AA, ALKS, ALGT, ALL, AEO, AMWD, AAPL, ARW, AVNT, AZTA, BBY, BKNG, CBT, CX, CENX, CDAY, CHD, CLNE, CMCO, ED, CAG, CCK, DVN, ^DJT, EPAM, EVRG, EXPI, FDP, GFS, GES, HELE, ITW, IIIN, ITGR, IPAR, INTU, JKHY, JAZZ, LHX, LAMR, LDOS, LLY, LXU, M, MKTX, MRTN, MUR, NFG, NJR, OXY, OGE, ORCL, OR, PATK, PTEN, PEN, PNW, KWR, RMBS, RTX, RNG, ROK, ROG, SAIA, SMG, SRE, SLGN, TDC, VEEV, VC, WPM, WDAY, FXI, AIQ, BOTZ, MXI, IXN, EWK, EEM, EWQ, EWG, EWJ, EWL, EWT, THD, TUR, EWU, QLD, PHO, SSO, XLU, USO, 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.

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

This WeekLast Week
1. Semiconductor Cap Equip.1. Telecom. Equipment
2. Telecom. Equipment2. Semiconductor
3. Drug3. Semiconductor Cap Equip.
4. Semiconductor4. Drug
5. Oilfield Svcs/Equipment5. Metals and Mining (Div.)
6. Biotechnology6. Electronics
7. Furn/Home Furnishings7. Oilfield Svcs/Equipment
8. Metals and Mining (Div.)8. Biotechnology
9. Machinery9. Machinery
10. Electronics10. Diversified Co.
Best Performing AboveWorst Performing Below
50. IT Services50. Toiletries/Cosmetics
51. Computer Software and Svcs51. Packaging and Container
52. Internet52. Advertising
53. Shoe53. E-Commerce
54. Toiletries/Cosmetics54. Short ETFs
55. E-Commerce55. Chemical (Basic)
56. Chemical (Basic)56. Shoe
57. Information Services57. IT Services
58. Household Products58. Household Products
59. Short ETFs59. Information Services
60. Human Resources60. Human Resources

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

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Friday 11/21/25. Pattern Trading Setups for the Weekend.

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: DDD, MMM, ACIW, AYI, AEIS, APD, ALK, AA, ALKS, ALGT, AEE, AMN, APH, AR, APA, AMAT, ANET, ATO, ADP, BSET, BCO, CACI, CDNS, CAL, CPB, CLS, CX, COR, CNC, CENX, CDAY, CF, CVX, CIEN, CSCO, CLNE, CGNX, CMCO, GLW, CTS, CMI, CW, DDS, DSGR, ^DJI, EXP, EMR, EPAM, EQT, FICO, FLEX, FORM, FCX, FDP, FRD, GME, GE, GILD, GFS, GS, GES, HQY, HOLX, HWM, HUN, IIIN, PODD, INTC, IBKR, INTU, JKHY, KALU, KLAC, LHX, LRCX, LDOS, LNC, MTSI, M, MANH, MKTX, MA, MS, MLI, ^IXIC, NOV, NJR, NKE, NI, NOVT, NTNX, NVDA, OMCL, OMC, OTEX, ORCL, OR, PLXS, PPL, KWR, QCOM, RL, RMBS, RJF, RTX, RGA, ROK, ROP, RES, ^GSPC, SLB, SCHW, SMG, SIGI, SMTC, SHW, LUV, SXI, TPR, TDOC, TER, TXN, TXT, RIG, VFC, VMI, VECO, VC, VMC, WMT, WEX, WPM, ZBRA, ITA, IAI, IYE, IEZ, IHE, DDM, FTEC, QTEC, FXL, AIQ, BOTZ, QQQ, ICF, IYH, IXC, IXN, ILF, SOXX, IGE, IEO, IYF, EWO, EWZ, EWC, EEM, EIS, EWJ, EWM, EWY, EWT, QLD, PPA, DBA, PEJ, PXJ, SSO, ROBO, XLP, XLE, XLF, XLI, SPY, XAR, XLK, XLU, USO, 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), Orb Foresight (#Ad)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AMDDouble Top, Eve and Adam      10/29/202511/12/2025Semiconductor
AESTriangle, symmetrical      11/04/202511/20/2025Electric Utility (East)
BALLTriangle, symmetrical      11/04/202511/20/2025Packaging and Container
BSXDouble Top, Adam and Adam      10/23/202511/13/2025Medical Services
CENXDouble Top, Adam and Adam      10/20/202511/07/2025Metals and Mining (Div.)
EMEPipe top      10/20/202510/27/2025Industrial Services
EMRPipe top      10/27/202511/03/2025Computers and Peripherals
FLEXHead-and-shoulders top      10/16/202511/06/2025Electronics
FDPPipe top      11/03/202511/10/2025Food Processing
FRDDouble Top, Adam and Adam      11/03/202511/13/2025Building Materials
GDTriangle, descending      10/23/202511/20/2025Aerospace/Defense
GETriple top      10/21/202511/10/2025Diversified Co.
GFSDouble Top, Adam and Adam      10/30/202511/12/2025Semiconductor
GFFThree Falling Peaks      09/05/202510/27/2025Building Materials
HWMDouble Top, Eve and Eve      10/30/202511/10/2025Aerospace/Defense
IBKRDouble Top, Eve and Adam      10/10/202511/03/2025Securities Brokerage
LENDouble Top, Adam and Eve      10/03/202510/24/2025Homebuilding
LNCDouble Top, Adam and Adam      10/30/202511/06/2025Insurance (Life)
MHODouble Bottom, Adam and Adam      10/28/202511/03/2025Homebuilding
MKTXPipe bottom      10/27/202511/03/2025Securities Brokerage
MGEEDouble Top, Adam and Adam      11/05/202511/12/2025Electric Utility (Central)
MUDouble Top, Adam and Adam      11/10/202511/17/2025Semiconductor
MURDouble Bottom, Adam and Eve      10/10/202511/05/2025Petroleum (Integrated)
NFGDouble Bottom, Adam and Adam      11/03/202511/07/2025Natural Gas (Diversified)
NJRHead-and-shoulders bottom      10/13/202511/20/2025Natural Gas (Distributor)
PYPLDouble Top, Adam and Adam      10/09/202510/28/2025Financial Services
PETSDouble Top, Eve and Adam      10/22/202511/12/2025Medical Services
PPLTriple top      11/05/202511/17/2025Electric Utility (East)
KWRDouble Top, Adam and Eve      10/31/202511/12/2025Chemical (Specialty)
RMBSDouble Top, Eve and Adam      10/27/202511/10/2025Semiconductor Cap Equip.
RGSHead-and-shoulders top      09/15/202511/12/2025Toiletries/Cosmetics
ROKDouble Top, Adam and Adam      11/06/202511/12/2025Diversified Co.
SEEPipe bottom      10/27/202511/03/2025Packaging and Container
SRETriangle, descending      10/08/202511/20/2025Electric Utility (West)
SMTCHead-and-shoulders bottom      10/10/202511/04/2025Semiconductor Cap Equip.
SCITriple top      10/03/202510/30/2025Industrial Services
VECOPipe top      09/29/202510/06/2025Precision Instrument
WUDouble Top, Adam and Adam      10/29/202511/06/2025Financial Services
WEXPipe top      10/20/202510/27/2025Information Services
WPMHead-and-shoulders bottom      10/22/202511/04/2025Metals and Mining (Div.)

 

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Thursday 11/20/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.6% or 131.38 points. Since 02/05/1971 the Nasdaq made 541 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 332 occasions.
     Average loss was -0.8% on 209 occasions.
Expect the Nasdaq to close higher 61.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 302/548 or 55.1% of the time.
     The prediction of the Nasdaq closing lower has been right 87/181 or 48.1% 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.

AB is a chart pattern called a double bottom. It confirms as a valid chart pattern when the index closes above the green line at E.

C is what's called a throwback. Price "throws back" to the breakout price before resuming it's upward move. It happens 58% of the time, so that's about random. If you really believe it's a random happening, then don't be surprised when your trade is stopped out during one just before price moves higher.

Price climbs to D which is well above the measure rule for the double bottom. What's that mean? To get a price target, add the height of the double bottom to the top of it and that gives a reasonable target to shoot for. Depending on the type of double bottom (Adam or Eve combinations of valleys), price reaches the target ~73% of the time.

F is another chart pattern called a broadening top. This example is well shaped. This one had a downward breakout and price missed it's measure-rule target. When it busted (a close above the top of the broadening top), price zipped higher in a nice move.

$ $ $

Here's a symbol list of 104 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, AFL, ALK, ALB, ALKS, ALGT, ALL, AIG, AON, ATR, ADM, AVNT, BKH, BBW, BLDR, BG, CALM, CX, COR, CNC, CENX, CF, CINF, CSCO, CCK, CSGS, CTS, CMI, ^DJT, DTE, EIX, EPAM, EVH, FDS, FWRD, FCX, FDP, GFS, HLIT, HE, HTLD, HELE, HSIC, HNI, HD, HON, HUM, INCY, NSP, PODD, IPG, IRM, JAZZ, KBH, KMT, KLIC, LHX, LDOS, MTSI, M, MTRX, MU, MSFT, NTNX, OGE, OMC, OXM, PEN, PEG, KWR, RMBS, REGN, RHI, ROK, SBH, SMG, SIGI, SLGN, SXI, SCS, SSYS, TSCO, UIS, UNH, WERN, ICF, IEV, EEM, EWQ, EWH, EWT, TUR, PPA, XLY. 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), Orb Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,098.84    
 Weekly S2  21,724.05  625.21   
 Monthly S1  21,831.54  107.49   
 Weekly S1  22,144.14  312.60   
 Daily S2  22,154.21  10.07   Yes! The Daily S2 is close to the Weekly S1.
 Daily S1  22,359.22  205.01   
 Low  22,385.22  26.00   Yes! The Low is close to the Daily S1.
 Open  22,459.27  74.05   
 61.8% Down from Intraday High  22,551.78  92.51   
 Close  22,564.23  12.45   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  22,590.23  26.00   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  22,603.23  13.00   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  22,654.68  51.45   
 Daily R1  22,795.24  140.56   
 High  22,821.24  26.00   Yes! The High is close to the Daily R1.
 Weekly Pivot  22,856.88  35.64   Yes! The Weekly Pivot is close to the High.
 Monthly Pivot  22,925.76  68.88   
 Daily R2  23,026.25  100.49   
 Weekly R1  23,276.97  250.72   
 Monthly R1  23,658.46  381.49   
 Weekly R2  23,989.71  331.25   
 Monthly R2  24,752.68  762.97   

Wednesday 11/19/25. 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.

Wednesday's blog posts are my favorite because there's usually something to say.

Please turn your attention to the chart of the CPI.

The current reading is bearish, at 17.2. Bearish is 35 or below on a scale of 0 to 100. Signals can change for up to a week, so keep that in mind.

The bearish signal started 5 trading day ago, according to the chart. That's a bit misleading because 3 days ago, for example, we could have had a big downward move which sucked down the value from 5 days ago.

If you don't understand that, it's okay. Just don't try to trade using this indicator and you'll be fine. Use it as background information only.

Returning to the chart, the inset in the lower right shows the CPI without signal changes (red and green bars) displayed. Circled in magenta on the left is what happened the last time we saw the same shape as we see in the right circle.

After the left circle, notice how the index climbed (circle on the index). That circled move was a few days higher.

What does all of this mean? My guess is that the downward move is coming to an end, at least for a few days. This might be a buying opportunity (buy the dip).

$ $ $

Here's a symbol list of 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACIW, AEIS, AES, ALB, AA, ALKS, ALGT, AEP, AMWD, AR, AON, APA, ADM, BBY, BIIB, CPB, CE, COR, CNP, CENX, CVX, CNX, ED, DECK, DVN, FANG, ^DJI, EPAM, EVRG, XOM, FDS, FICO, FCX, FDP, FRD, GNW, GFS, HQY, HTLD, HD, HON, HOV, HUBG, JBLU, LHX, LAMR, LDOS, LEN, L, LOW, MTSI, M, MA, MDT, MSFT, MUR, NFG, NI, OGE, ORI, OMC, OTEX, OUT, KWR, DGX, RMBS, RGS, ROK, SMG, SXI, SNPS, TSCO, UNH, VLO, VECO, VRSN, VC, VMC, WRB, WMT, DDM, FXI, AIQ, BOTZ, IHF, IEV, EWA, EWO, EWK, EEM, EWQ, EWG, EWH, EWI, EWJ, EWM, EPP, EWY, EWP, EWD, EWL, EWT, EWU, PPA, PEJ, SSO, ROBO, XLY, VIS, 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), Orb Foresight (#Ad)

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Tuesday 11/18/25. Slider Trading Quiz!

The Dow dropped by -1.2% or -557.24 points. Since 10/01/1928 the Dow made 280 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 128 occasions.
     Average loss was -0.9% on 152 occasions.
Expect the Dow to close lower 54.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 323/589 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 61/125 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Southern Union: SUG stock.

$ $ $

Here's a symbol list of 166 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ACIW, AYI, AFL, APD, ALB, ALKS, ALL, AEP, AXP, AIG, AME, ARW, AGO, ADSK, BCPC, BBY, BA, BCO, CALM, CAL, CPB, CX, CNP, CDAY, CVX, CL, ED, COTY, CR, CCRN, CMI, DVN, ^DJI, D, DUK, EIX, ELV, EMR, EPAM, EFX, EG, EXPI, FIS, FNV, GD, GE, GNW, GILD, GS, GGG, HBI, HTLD, HELE, HD, DHI, HOV, HURC, ITGR, INTU, IRM, JKHY, JAZZ, JBLU, KMT, KSS, LEN, LNC, LMT, LOW, LXU, MKTX, MRCY, MGEE, MS, NBR, NFLX, NEU, NEE, NWPX, NVDA, ORI, OMC, OTEX, PKG, PTEN, PCTY, PYPL, PEN, PNW, POR, PGR, PHM, DGX, RL, REGN, RGA, RES, SMG, SEE, SHW, SLGN, SKYW, SGI, LUV, SR, SSYS, SRDX, TFX, TXN, MZTI, TOL, UGI, UNH, UNM, VMI, VRSN, VC, VMC, WU, WSC, IYK, IYE, IEZ, DDM, FDN, ICF, ILF, IEO, ITB, EWG, EWH, EIS, EWJ, EWP, EWL, EWT, TUR, DBA, PEJ, ROBO, XLF, XHB, XLI, XLB, USO, 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), Orb Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  43,845.07    
 Monthly S1  45,217.66  1,372.58   
 Weekly S2  45,726.43  508.78   
 Daily S2  45,968.73  242.30   
 Weekly S1  46,158.34  189.60   
 Daily S1  46,279.49  121.15   
 Low  46,430.27  150.78   
 Close  46,590.24  159.97   
 61.8% Down from Intraday High  46,725.29  135.05   
 Daily Pivot  46,741.02  15.74   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  46,816.41  75.39   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 Monthly Pivot  46,824.61  8.20   Yes! The Monthly Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  46,907.55  82.93   
 Daily R1  47,051.78  144.23   
 Open  47,068.06  16.28   Yes! The Open is close to the Daily R1.
 High  47,202.56  134.50   
 Weekly Pivot  47,294.95  92.39   
 Daily R2  47,513.31  218.36   
 Weekly R1  47,726.86  213.54   
 Monthly R1  48,197.20  470.34   
 Weekly R2  48,863.47  666.28   
 Monthly R2  49,804.15  940.68   

Monday 11/17/25. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

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

LS, Head, and RS are three pieces of what appears to be a head-and-shoulders top chart pattern. But it has problems.

The AB distance from the green line should be similar, not exact, but close. And they are not.

LS and RS should be near the same price and they are, which is good. The head-to-shoulder distance looks reasonable, given the size of the left shoulder. The armpit on the right shoulder doesn't dip far enough to mimic the left side.

With good looking head-and-shoulders, there should be symmetry that's obvious, and that's missing here.

Of course, no pattern is perfect and this is far from perfect. Regardless, it is bearish. If price drops much farther, it'll confirm as a weird looking but valid chart pattern.

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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 381.53 points.
Tuesday: Up 559.33 points.
Wednesday: Up 326.86 points.
Thursday: Down 797.6 points.
Friday: Down 309.74 points.

For the Week...

The Dow industrials were up 160.38 points or 0.3%.
The Nasdaq composite was down 103.95 points or 0.5%.
The S&P 500 index was up 5.31 points or 0.1%.

Year to Date...

Dow Industrials
     2.7% down from the high of 48,431.57 on 11/12/2025.
     28.8% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     4.7% down from the high of 24,019.99 on 10/29/2025.
     54.9% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     2.7% down from the high of 6,920.34 on 10/29/2025.
     39.3% up from the low of 4,835.04 on 04/07/2025.

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  46,613  46,880  47,130  47,397  47,647 
Weekly  45,912  46,530  47,481  48,098  49,049 
Monthly  44,031  45,589  47,010  48,569  49,990 
S&P500 (^GSPC): Daily  6,591  6,663  6,718  6,790  6,846 
Weekly  6,527  6,631  6,750  6,854  6,973 
Monthly  6,366  6,550  6,735  6,919  7,105 
Nasdaq (^IXIC): Daily  22,167  22,534  22,804  23,170  23,440 
Weekly  21,836  22,368  22,969  23,501  24,102 
Monthly  21,211  22,056  23,038  23,883  24,865 

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 133 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ACIW, AFL, APD, ALB, ALKS, AIG, APOG, BSET, CACI, CALM, CPB, COR, CDAY, CI, CSCO, CL, CMTL, COTY, CRH, D, EBAY, EIX, EMR, EPAM, EG, EXPI, FIS, FNV, FCX, GNW, GPN, HIG, HQY, HELE, HOLX, HD, IEX, IBP, ITGR, JKHY, JBLU, KALU, KLAC, LAMR, LOW, MKTX, MU, MOS, MLI, MYGN, NTGR, NVDA, OMC, OTEX, OR, OXM, PKE, PAYX, PYPL, PEN, POR, PGR, PEG, QTWO, RJF, RGS, RGA, SBH, SCHW, SMG, SEE, SMTC, SO, LUV, SR, SXI, SNPS, TDOC, TFX, MZTI, UNM, VECO, VEEV, V, VC, VMC, WMT, WSO, WU, WMB, IYK, IYC, AIQ, IYZ, IGE, EWO, ECH, EWQ, EWI, EWJ, EPP, EWP, EWD, EWL, THD, EWU, PHO, ROBO, XLI, XLB, XRT, USO, VIS, VONG. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Telecom. Equipment1. Semiconductor Cap Equip.
2. Semiconductor2. Semiconductor
3. Semiconductor Cap Equip.3. Telecom. Equipment
4. Drug4. Electronics
5. Metals and Mining (Div.)5. Machinery
6. Electronics6. Oilfield Svcs/Equipment
7. Oilfield Svcs/Equipment7. Drug
8. Biotechnology8. Furn/Home Furnishings
9. Machinery9. Diversified Co.
10. Diversified Co.10. Metals and Mining (Div.)
Best Performing AboveWorst Performing Below
50. Toiletries/Cosmetics50. Insurance (Prop/Casualty)
51. Packaging and Container51. E-Commerce
52. Advertising52. Chemical (Diversified)
53. E-Commerce53. Packaging and Container
54. Short ETFs54. Chemical (Basic)
55. Chemical (Basic)55. IT Services
56. Shoe56. Medical Services
57. IT Services57. Information Services
58. Household Products58. Household Products
59. Information Services59. Short ETFs
60. Human Resources60. Human Resources

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

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Friday 11/14/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 153 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, AFL, APD, ALB, AMZN, AEO, AFG, AIG, APH, APA, APOG, ASH, BR, CE, CLS, CX, COR, CHD, CTAS, CL, CMTL, CCRN, DVN, DDS, D, BOOM, EBAY, EIX, EMR, EPAM, EXPI, EZPW, FDS, FDX, FIS, FORM, FNV, FCX, GE, GNW, GPN, GOOGL, GFF, GES, HLIT, HIG, HSII, HELE, HSIC, HOLX, HWM, IEX, ILMN, IBP, ITGR, INTC, IBKR, IRM, JKHY, JBLU, KALU, KBH, K, KLAC, LAMR, RAMP, LMT, MKTX, MLI, ^IXIC, NTGR, NJR, NI, NVDA, ORCL, OR, PKG, PKE, PEN, PETS, PLXS, PINC, PGR, PEG, PSTG, RMBS, RGS, RGA, RLI, SBH, SCHW, SMG, SEE, SMTC, SO, LUV, SR, SPSC, TDOC, MZTI, TOL, TWLO, UNM, V, VMC, WMT, WSO, WU, WDAY, FTEC, QTEC, FXL, FXI, BOTZ, IYZ, IGV, ILF, SOXX, IGE, EWA, EWO, EWC, ECH, EWQ, EWI, EWM, EWP, EWD, EWL, EWT, THD, PPA, DBA, PEJ, PHO, ROBO, XLY, XHB, XLB, XRT, XAR, USO, SMH, 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), Orb Foresight (#Ad)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDHead-and-shoulders top      10/07/202510/28/2025Electronics
ADBEPipe top      10/20/202510/27/2025Computer Software and Svcs
ALBHorn bottom      10/20/202511/03/2025Chemical (Diversified)
ALGTBroadening top, right-angled and ascending      10/02/202511/05/2025Air Transport
DOXDouble Top, Adam and Adam      10/29/202511/11/2025IT Services
APATriple bottom      10/10/202511/05/2025Petroleum (Producing)
AMATDouble Top, Adam and Adam      10/30/202511/05/2025Semiconductor Cap Equip.
AGODouble Bottom, Adam and Adam      10/17/202511/03/2025Insurance (Life)
BMRNDouble Bottom, Adam and Adam      10/31/202511/07/2025Biotechnology
CCKDouble Bottom, Adam and Adam      10/31/202511/07/2025Packaging and Container
DVNDouble Bottom, Eve and Eve      10/21/202510/30/2025Natural Gas (Diversified)
EIXPipe bottom      10/27/202511/03/2025Electric Utility (West)
EPAMUgly double bottom      10/16/202511/06/2025IT Services
EQTUgly double bottom      09/16/202510/14/2025Natural Gas (Diversified)
EVRGScallop, ascending and inverted      09/18/202511/06/2025Electric Utility (Central)
XOMUgly double bottom      04/10/202505/05/2025Petroleum (Integrated)
FNVPipe bottom      10/27/202511/03/2025Metals and Mining (Div.)
GSTriple bottom      10/14/202510/22/2025Securities Brokerage
THGTriple bottom      10/16/202511/03/2025Insurance (Prop/Casualty)
HNIHead-and-shoulders top      09/08/202510/28/2025Furn/Home Furnishings
IIINTriple bottom      10/16/202511/03/2025Building Materials
JKHYPipe bottom      10/27/202511/03/2025IT Services
KLACUgly double bottom      04/07/202504/21/2025Semiconductor Cap Equip.
LHDouble Bottom, Eve and Eve      10/29/202511/07/2025Medical Services
RAMPTriple bottom      10/02/202511/03/2025Computer Software and Svcs
MRKDouble Bottom, Eve and Eve      10/17/202511/04/2025Drug
MRCYPipe top      09/29/202510/06/2025Computers and Peripherals
MCOTriangle, ascending      10/10/202511/12/2025Information Services
NTNXDouble Top, Adam and Adam      11/03/202511/10/2025E-Commerce
ORPipe bottom      10/27/202511/03/2025Metals and Mining (Div.)
OUTDouble Bottom, Eve and Eve      10/10/202510/30/2025Advertising
PANWHead-and-shoulders top      10/08/202511/12/2025Computer Software and Svcs
PENPipe bottom      10/27/202511/03/2025Medical Supplies
PETSDead-cat bounce      11/13/202511/13/2025Medical Services
PGRPipe bottom      10/27/202511/03/2025Insurance (Prop/Casualty)
RMBSDouble Top, Eve and Adam      10/27/202511/10/2025Semiconductor Cap Equip.
SEICHead-and-shoulders bottom      10/17/202511/03/2025IT Services
SGIDouble Top, Adam and Adam      09/05/202510/15/2025Furn/Home Furnishings
LUVPipe bottom      10/27/202511/03/2025Air Transport
TJXDouble Bottom, Adam and Adam      10/10/202511/03/2025Retail Store
UGIHead-and-shoulders bottom      09/18/202510/31/2025Natural Gas (Distributor)
WRBDouble Bottom, Adam and Eve      10/21/202511/03/2025Insurance (Prop/Casualty)

 

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Thursday 11/13/25. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.3% or -61.84 points. Since 02/05/1971 the Nasdaq made 562 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.0% on 306 occasions.
     Average loss was -1.0% on 256 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 302/547 or 55.2% of the time.
     The prediction of the Nasdaq closing lower has been right 87/181 or 48.1% 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.

Not much appears on the chart except the two parallel red lines I drew. Those outline a three-day rectangle. Price bounces between the two lines.

The index is midway across the channel between the two lines. The mid-channel is a source of resistance. That's not exactly clear in this picture, but it does show at A and B. The position of the index in the channel doesn't really hint of a direction, so I'll leave that to you.

$ $ $

Here's a symbol list of 155 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACIW, AYI, AFL, APD, ALB, ALGT, AMZN, AFG, AIG, APH, ADP, BALL, BSET, BFH, BCO, BMY, BBW, CALM, CE, CX, CVX, CINF, CLX, CL, CMTL, COTY, CROX, DECK, ^DJI, D, DTE, EBAY, EIX, EMR, EPAM, EVH, EXPI, FIS, FISV, FNV, FCX, FRD, GME, GE, GIS, GFS, GL, GS, GOOGL, GGG, HBI, THG, HLIT, HIG, HELE, IEX, ILMN, IBP, IIIN, PODD, ITGR, JKHY, JBLU, KBH, LAMR, RAMP, MKTX, MTRX, MRK, MCO, MS, ^IXIC, NI, NVDA, OR, PKG, PKE, PAYX, PEN, PETS, PCG, PLXS, POR, PINC, PGR, PEG, QCOM, RMBS, RGA, SMG, SEE, SMTC, SHW, SHOP, LUV, TDOC, MZTI, TOL, TZOO, TWLO, UNM, VFC, VC, WSO, WU, WWD, WDAY, XEL, ITA, IYM, IAI, IEZ, IHE, DDM, IYH, IEV, MXI, ILF, SLV, EWO, EWC, ECH, EWQ, EWG, EWH, EIS, EWI, EWJ, EPP, EZA, EWP, EWL, TUR, PPA, PEJ, PXJ, PJP, XLY, XHB, XLB, XRT, UNG, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,379.59    
 Weekly S2  21,902.15  522.57   
 Monthly S1  22,393.02  490.87   
 Weekly S1  22,654.31  261.28   
 Daily S2  23,130.49  476.19   
 Monthly Pivot  23,206.51  76.01   
 Daily S1  23,268.48  61.97   
 Low  23,278.30  9.82   Yes! The Low is close to the Daily S1.
 Weekly Pivot  23,315.57  37.27   
 61.8% Down from Intraday High  23,387.47  71.90   
 Close  23,406.46  18.99   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  23,416.28  9.82   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  23,421.20  4.91   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  23,454.92  33.72   
 Daily R1  23,554.27  99.35   
 Open  23,563.84  9.57   Yes! The Open is close to the Daily R1.
 High  23,564.09  0.25   Yes! The High is close to the Open.
 Daily R2  23,702.07  137.98   
 Weekly R1  24,067.73  365.65   
 Monthly R1  24,219.94  152.22   
 Weekly R2  24,728.99  509.05   
 Monthly R2  25,033.43  304.43   

Wednesday 11/12/25. 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 shot upward as the inset in the lower right corner shows. That's because of a turn three days ago when more bullish patterns appeared in the indicator than bearish ones.

I expect the signal to remain, meaning signals can change for up to a week but usually remain in place after three days.

The signal change chart, which is the green, white, and red stripes, show that we're bullish with a reading of 87.1. Values 65 and above are bullish (green bars), 35 and below are bearish (red bars), and signals in between are neutral (white bars).

We may have a few more days of an up move here but when the CPI nears 100 (it's peak), it often tumbles. That would coincide with the index rising to match the height of the peak in early November, potentially making a double top. It might not confirm (close below the valley between the two peaks).

It might turn into a 2B pattern where the second peak rises slightly above the first before reversing. The drop that follow usually isn't severe.

So, I'm looking for the index to continue rising to, oh, Friday (Target, the horizontal red line) before reversing.

$ $ $

Here's a symbol list of 148 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AFL, APD, ALK, ALB, AA, AIG, APA, ATR, BSX, BMY, BBW, CPB, CE, CNP, CRL, CL, CMTL, COTY, CW, FANG, D, EMN, EIX, ELV, EMR, EOG, EPAM, EG, EXPI, XOM, FIS, FTNT, FTV, FNV, GIS, GFS, HIG, HSII, HELE, IBP, PODD, ITGR, IPG, JKHY, JBLU, JNJ, KEYS, KFRC, KSS, LH, LAMR, LDOS, MGY, MAN, MKTX, MTDR, MDT, NI, NVDA, OR, OUT, PKE, PEN, PFE, PLXS, PGR, PEG, DGX, RJF, REGN, RGS, RGA, ROK, SLB, SCHW, SMG, SEE, SEIC, SMTC, LUV, TER, MZTI, TJX, TG, TWLO, UNM, VC, WAT, WU, WWW, XEL, ITA, IYM, IYE, IHE, ICF, IYH, IYZ, IEV, IXC, MXI, ILF, IGE, IEO, IHI, EWO, EWK, EWZ, EWQ, EWG, EWH, EWI, EWM, EWW, EWS, EWP, EWD, EWL, TUR, EWU, PBE, PXJ, PJP, XLE, XLF, XLV, UNG, USO, VHT, 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.

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

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Tuesday 11/11/25. Slider Trading Quiz!

The Dow climbed by 0.8% or 381.53 points. Since 10/01/1928 the Dow made 621 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 341 occasions.
     Average loss was -0.6% on 280 occasions.
Expect the Dow to close higher 54.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 322/588 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 61/125 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Southwestern Energy: SWN stock.

$ $ $

Here's a symbol list of 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, A, ALB, AA, ADM, AVA, BSET, BZH, BBY, BIO, BOOT, BMY, BRKR, BLDR, COR, CRL, CIEN, CGNX, CMTL, CSGP, COTY, CROX, CCRN, CSGS, DTE, EMN, EME, EOG, EPAM, EXC, FMC, FNV, GAP, GILD, GPN, GS, GES, HE, HL, HD, HON, HURC, IPG, KALU, KELYA, KSS, LZB, LOW, LXU, MAN, MLM, MAS, MU, NTGR, NTAP, NTNX, OGE, OUT, OMI, OXM, PTEN, PFE, RL, RHI, ROK, RGLD, SRE, SMTC, SLGN, SCCO, LUV, SCS, TECH, TDOC, TFX, TJX, RIG, TWLO, VFC, VLO, VECO, VRSN, WAT, WERN, WEX, WPM, XEL, ITA, IAI, ICF, IEV, ILF, SLV, IGE, ITB, EWK, EWZ, ECH, EWQ, EWH, EIS, EWI, EWM, EWS, EZA, EWP, EWD, EWL, TUR, EWU, IBB, PEJ, GLD, XHB, XLI, UNG, 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), Orb Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  44,365.16    
 Monthly S1  45,866.89  1,501.74   
 Weekly S2  45,985.48  118.59   
 Weekly S1  46,677.05  691.57   
 Daily S2  46,760.08  83.03   
 Low  46,934.35  174.27   
 Monthly Pivot  46,953.77  19.41   Yes! The Monthly Pivot is close to the Low.
 Daily S1  47,064.36  110.59   
 Open  47,095.06  30.70   Yes! The Open is close to the Daily S1.
 61.8% Down from Intraday High  47,117.15  22.09   Yes! The 61.8% Down from Intraday High is close to the Open.
 50% Down from Intraday High  47,173.62  56.47   
 Weekly Pivot  47,187.19  13.57   Yes! The Weekly Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  47,230.09  42.89   Yes! The 38.2% Down from Intraday High is close to the Weekly Pivot.
 Daily Pivot  47,238.63  8.54   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  47,368.63  130.00   
 High  47,412.89  44.26   Yes! The High is close to the Close.
 Daily R1  47,542.90  130.01   
 Daily R2  47,717.16  174.27   
 Weekly R1  47,878.77  161.60   
 Weekly R2  48,388.90  510.14   
 Monthly R1  48,455.50  66.60   
 Monthly R2  49,542.38  1,086.87   

Monday 11/10/25. Market Monday: The Week Ahead

My Prediction

Picture of the S and P on the weekly scale.

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

If you're an Elliott waver (believe in it) then I'd be looking for an ABC correction.

I show that hypothetically as ABC on the chart. It's a stair-step decline that happens after a strong move up (5 waves, 3 up and 2 retraces). I show the five waves with numbers 1 through 5.

Because I'm not a fan of Elliott, I'm just guessing here, but I do expect a retrace in the S&P index. Let me note that the duration and extent of the decline on the chart is not a prediction. I just drew it to show what the ABC looks like.

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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 226.19 points.
Tuesday: Down 251.44 points.
Wednesday: Up 225.76 points.
Thursday: Down 398.7 points.
Friday: Up 74.8 points.

For the Week...

The Dow industrials were down 575.77 points or 1.2%.
The Nasdaq composite was down 720.42 points or 3.0%.
The S&P 500 index was down 111.4 points or 1.6%.

Year to Date...

Dow Industrials
     2.2% down from the high of 48,040.64 on 10/29/2025.
     28.3% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     4.2% down from the high of 24,019.99 on 10/29/2025.
     55.6% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     2.8% down from the high of 6,920.34 on 10/29/2025.
     39.2% up from the low of 4,835.04 on 04/07/2025.

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  46,325  46,656  46,826  47,157  47,328 
Weekly  45,858  46,423  47,060  47,624  48,262 
Monthly  44,238  45,613  46,827  48,201  49,415 
S&P500 (^GSPC): Daily  6,598  6,663  6,697  6,762  6,795 
Weekly  6,497  6,613  6,748  6,864  6,998 
Monthly  6,364  6,546  6,733  6,916  7,103 
Nasdaq (^IXIC): Daily  22,413  22,709  22,859  23,155  23,306 
Weekly  21,768  22,386  23,182  23,800  24,595 
Monthly  21,246  22,125  23,073  23,952  24,899 

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 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, AEIS, AFL, ALB, AA, ALGT, AEE, AEO, AXP, AR, AGO, AVA, BZH, BIO, BOOT, CBT, CACI, CRL, CLF, CNA, CNO, CMTL, COTY, CCRN, CTS, DECK, ^DJT, EIX, EME, EQT, EXPI, XOM, FICO, FISV, FCX, FRD, GILD, GS, GES, HBI, HLIT, HON, HWM, HUN, HURC, IDA, IPI, INTU, JAZZ, JNJ, KALU, LEN, LOW, LPLA, LXU, MSFT, MCO, ^IXIC, NTAP, NEE, NOC, NOVT, OTEX, OUT, PKG, PATK, PCTY, PETS, PPG, RRC, RNG, R, SHOP, LUV, SNPS, TPR, TGT, TECH, TDOC, TXN, TKR, RIG, TRV, TREX, UNM, VFC, VECO, VEEV, WRB, WAT, WSO, WEX, IDU, AIQ, QQQ, ICF, IAT, IYZ, MXI, IXN, ILF, IYF, ITB, EWA, EWO, EWH, EIS, EWI, EZA, EWY, EWD, EWT, EWU, QLD, PEJ, XLF, XLU, MGK. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Semiconductor2. Semiconductor
3. Telecom. Equipment3. Telecom. Equipment
4. Electronics4. Electronics
5. Machinery5. Machinery
6. Oilfield Svcs/Equipment6. Diversified Co.
7. Drug7. Oilfield Svcs/Equipment
8. Furn/Home Furnishings8. Furn/Home Furnishings
9. Diversified Co.9. Apparel
10. Metals and Mining (Div.)10. Computers and Peripherals
Best Performing AboveWorst Performing Below
50. Insurance (Prop/Casualty)50. Food Processing
51. E-Commerce51. Packaging and Container
52. Chemical (Diversified)52. Insurance (Prop/Casualty)
53. Packaging and Container53. Chemical (Diversified)
54. Chemical (Basic)54. IT Services
55. IT Services55. Chemical (Basic)
56. Medical Services56. Information Services
57. Information Services57. Household Products
58. Household Products58. Medical Services
59. Short ETFs59. Human Resources
60. Human Resources60. Short ETFs

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

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Friday 11/7/25. Pattern Trading Setups for the Weekend.

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: DDD, AYI, ADBE, AEIS, ALB, AA, AIG, AMN, APA, APOG, AMAT, ACGL, ANET, ARW, AVA, BSET, BBY, BIO, BIIB, BOOT, BRC, BBW, CRL, CHKP, CLNE, CLF, CNA, COTY, CCK, CSGS, XRAY, BOOM, EMN, ELV, EME, EOG, FDS, FTNT, FCX, FRD, GAP, IT, GD, GNW, GFS, GS, GFF, HLIT, HD, HON, HURC, IEX, ILMN, IIIN, IPI, INTU, JKHY, JAZZ, KELYA, LEN, RAMP, LOW, LXU, MRTN, MAS, MSFT, MLKN, NWL, NEU, NWPX, PEN, PETS, PGR, PSTG, QTWO, RL, RRC, CRM, SBH, SGI, SR, SNPS, TPR, TECH, TDOC, TDY, TTD, TREX, TWLO, UIS, UNH, VFC, VECO, WMT, WAT, WEX, WSC, WWW, WDAY, IYM, FTEC, FXL, EWZ, EWC, EWQ, EWH, EWM, EZA, TUR, EWU, PPA, DBA, PBE, PEJ, ROBO, GLD, XLB, SMH, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ADTNDouble Top, Eve and Eve      09/11/202510/31/2025Telecom. Equipment
AESTriangle, descending      10/01/202510/30/2025Electric Utility (East)
ALKSHead-and-shoulders bottom      10/17/202511/03/2025Drug
ALLDouble Bottom, Adam and Adam      10/29/202511/03/2025Insurance (Prop/Casualty)
AFGDouble Bottom, Eve and Eve      10/21/202511/03/2025Insurance (Prop/Casualty)
AMNHead-and-shoulders top      10/15/202511/06/2025Human Resources
ARCBDouble Top, Adam and Adam      10/09/202510/21/2025Trucking/Transp. Leasing
ANETDouble Top, Eve and Eve      10/10/202510/30/2025E-Commerce
AIZDouble Bottom, Eve and Eve      10/17/202510/29/2025Insurance (Diversified)
AZTATriple top      10/06/202510/24/2025Semiconductor Cap Equip.
CRLPipe top      10/20/202510/27/2025Biotechnology
CVXDouble Top, Adam and Adam      10/23/202510/31/2025Petroleum (Integrated)
CINFDouble Bottom, Adam and Eve      10/16/202510/29/2025Insurance (Prop/Casualty)
CLNEDead-cat bounce      11/05/202511/05/2025Natural Gas (Distributor)
CRHTriple top      10/01/202510/27/2025Cement and Aggregates
XRAYDouble Top, Adam and Eve      10/03/202510/27/2025Medical Supplies
DDSTriangle, symmetrical      09/22/202511/06/2025Retail Store
^DJTTriangle, ascending      10/03/202511/04/2025None
BOOMTriple top      09/24/202510/27/2025Metal Fabricating
EBAYBig M      08/15/202510/29/2025Internet
EMRDouble Bottom, Adam and Eve      09/26/202510/14/2025Computers and Peripherals
EXPDPipe bottom      10/06/202510/13/2025Air Transport
FTNTTriple top      10/03/202511/03/2025Computer Software and Svcs
HLPipe top      10/13/202510/20/2025Metals and Mining (Div.)
HSICDouble Bottom, Eve and Eve      10/16/202510/29/2025Medical Supplies
HONPipe top      10/20/202510/27/2025Aerospace/Defense
HUMDouble Top, Eve and Eve      10/08/202510/28/2025Medical Services
HURCPipe top      10/20/202510/27/2025Machinery
ILMNUgly double bottom      10/14/202510/30/2025Biotechnology
INCYDouble Bottom, Adam and Adam      10/20/202510/28/2025Drug
NSPDead-cat bounce      11/04/202511/04/2025Human Resources
IBKRPipe bottom      10/13/202510/20/2025Securities Brokerage
IRMHead-and-shoulders top      10/07/202510/24/2025Industrial Services
KSSPipe bottom      10/06/202510/13/2025Retail Store
LHDouble Top, Adam and Adam      10/01/202510/21/2025Medical Services
LDouble Bottom, Eve and Eve      10/16/202510/29/2025Insurance (Prop/Casualty)
LXUBroadening top      10/06/202511/04/2025Building Materials
MYGNDead-cat bounce      11/04/202511/04/2025Biotechnology
NTGRHead-and-shoulders top      10/02/202510/31/2025Telecom. Equipment
NWLDead-cat bounce      10/31/202510/31/2025Household Products
NEUDouble Bottom, Eve and Eve      10/20/202510/29/2025Chemical (Specialty)
NEEDouble Top, Adam and Adam      10/16/202510/28/2025Electric Utility (East)
OXYTriple top      09/02/202509/30/2025Petroleum (Producing)
OTEXTriple top      10/10/202510/29/2025E-Commerce
ORCLPipe top      10/06/202510/13/2025Computer Software and Svcs
OMIDead-cat bounce      10/31/202510/31/2025Medical Supplies
PPLDouble Top, Adam and Eve      10/16/202510/21/2025Electric Utility (East)
QTWODouble Bottom, Adam and Eve      10/17/202510/29/2025E-Commerce
KWRDouble Bottom, Eve and Adam      10/10/202510/30/2025Chemical (Specialty)
RLPipe top      10/20/202510/27/2025Apparel
RGADouble Top, Adam and Eve      09/04/202510/07/2025Insurance (Life)
SAIATriple top      09/17/202510/22/2025Trucking/Transp. Leasing
CRMDouble Top, Adam and Eve      10/21/202510/31/2025E-Commerce
SEEDouble Bottom, Adam and Eve      10/14/202511/03/2025Packaging and Container
NOWDouble Top, Eve and Eve      09/24/202510/30/2025IT Services
SPSCDead-cat bounce      10/31/202510/31/2025E-Commerce
TPRTriple top      09/24/202510/15/2025Apparel
TECHPipe top      10/20/202510/27/2025Biotechnology
TDOCTriple top      10/03/202510/27/2025Healthcare Information
TFXTriple top      09/11/202510/22/2025Diversified Co.
TDCDouble Bottom, Adam and Eve      10/10/202510/31/2025Computer Software and Svcs
TTDDouble Top, Eve and Eve      10/07/202510/24/2025Advertising
TREXDead-cat bounce      11/05/202511/05/2025Building Materials
UISDead-cat bounce      11/06/202511/06/2025Computers and Peripherals
UNHTriple top      10/09/202510/28/2025Medical Services
WSCTriple top      10/08/202510/27/2025Industrial Services
WWWDead-cat bounce      11/05/202511/05/2025Shoe
WDAYDouble Top, Eve and Eve      09/29/202510/22/2025Computer Software and Svcs

 

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Thursday 11/6/25. Market Direction: Nasdaq

The Nasdaq climbed by 0.6% or 151.16 points. Since 02/05/1971 the Nasdaq made 540 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 332 occasions.
     Average loss was -0.7% on 208 occasions.
Expect the Nasdaq to close higher 61.5% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 302/546 or 55.3% of the time.
     The prediction of the Nasdaq closing lower has been right 87/181 or 48.1% of the time.

$ $ $

Picture of the Nasdaq composite on the monthly scale.

I show a picture of the Nasdaq composite on the monthly scale.

I didn't see anything on the intraday chart worth remarking on so I flipped to the "all data" scale. It appears to be from about 1985.

I was struck by the percentage change over the period shown. The green box at the top of the chart says 23,399%. One dollar invested in the Nasdaq composite would be, um, wonderful. Of course, to make that kind of gain requires holding for 40 years. It highlights the value of buy-and-hold for the long term.

If you're a day trader, consider splitting your portfolio into intraday trades and buy-and-hold investments. One day you'll burn out from day trading (perhaps as you near retirement) and want a trading style that takes almost no work and yields tremendous gains (with additional risk).

$ $ $

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: ANF, ADBE, AEIS, AFL, APD, ALB, AA, ALKS, ALGT, AEO, AIG, AMGN, AMN, AMAT, ARCB, ACGL, ANET, ASH, AIZ, AVA, AZTA, BALL, BIO, BOOT, BRC, BFH, BCO, BBW, CNC, CRL, CHD, CLNE, CLF, CNO, CMCO, ED, COTY, DDS, BOOM, EME, EG, EZPW, FMC, FWRD, FCX, GNW, HL, HD, HON, HUM, HUN, HURC, IBP, INTU, ISRG, IRM, JKHY, K, KLIC, LZB, L, LOW, LXU, MTSI, MTRX, MU, NFG, NTGR, NEU, NWPX, NTNX, NVDA, PEG, RL, RMBS, RRC, SBH, SEE, SLGN, SKYW, SO, LUV, SR, SNPS, TRGP, TGT, TECH, TDC, TEVA, TREX, UIS, VFC, WAT, WERN, WEX, WSM, WWW, IEV, IGV, IYF, ITB, EWZ, EWG, EIS, EWP, THD, PXJ, PHO, ROBO, XLF, SPY, XAR. Click this link for details (pattern type, start and end dates).

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

$ $ $

The 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), Orb Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,410.70    
 Monthly S1  22,455.25  1,044.55   
 Daily S2  23,124.74  669.49   
 Weekly S2  23,145.22  20.48   Yes! The Weekly S2 is close to the Daily S2.
 Monthly Pivot  23,237.62  92.40   
 Low  23,286.87  49.25   
 Daily S1  23,312.27  25.40   Yes! The Daily S1 is close to the Low.
 Weekly S1  23,322.51  10.24   Yes! The Weekly S1 is close to the Daily S1.
 Open  23,358.07  35.56   
 61.8% Down from Intraday High  23,420.44  62.37   
 50% Down from Intraday High  23,461.70  41.26   
 Daily Pivot  23,474.40  12.70   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  23,499.80  25.40   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  23,502.96  3.16   Yes! The 38.2% Down from Intraday High is close to the Close.
 High  23,636.53  133.57   
 Daily R1  23,661.93  25.40   Yes! The Daily R1 is close to the High.
 Weekly Pivot  23,671.25  9.32   Yes! The Weekly Pivot is close to the Daily R1.
 Daily R2  23,824.06  152.81   
 Weekly R1  23,848.54  24.48   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  24,197.28  348.74   
 Monthly R1  24,282.17  84.89   
 Monthly R2  25,064.54  782.37   

Wednesday 11/5/25. 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 turned bearish more than a week ago. The current value is 14.3, where 0 is the lowest it can go. Bearish is a reading below 35.

The bearish signal won't change, meaning that signals can change for up to a week. This signal is older than a week.

The inset, pictured in the red square in the lower right, shows the CPI line without signal changes. The only caution I can offer is that when the CPI value is that low, it tends to bounce higher. That bounce will follow the index higher, too.

$ $ $

Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ADTN, A, ALB, AA, AMWD, APA, ACGL, ASH, ADP, AXS, BALL, BAX, BBY, BIO, BKH, BOOT, BRC, BFH, BBW, CENX, CRL, CIEN, CI, CLF, CNO, CL, CAG, COTY, CTS, CMI, ^DJT, EMN, EME, EFX, EL, EXPD, EZPW, FFIV, FMC, FDP, FRD, GAP, IT, GD, GS, HL, HELE, HON, HOV, HUM, HURC, NSP, IBP, INTC, INTU, K, KMT, KEYS, KFRC, KMB, KLIC, LXU, MHO, MTRX, MGEE, MUR, MYGN, NFG, NTAP, NI, OXY, OMCL, OR, PATK, PYPL, POR, PPL, RL, REGN, RGS, RGA, ROL, SBH, SEIC, SMTC, SWX, SR, SCS, SNPS, TGT, TECH, TTD, TZOO, UIS, VFC, WAT, WEX, WWW, ITA, IHF, IEV, IGV, MXI, SLV, IGE, ITB, EWA, EWC, EWQ, EPP, EWS, EZA, EWD, THD, EWU, PPA, PEJ, PHO, XHB, XLI, 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.

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

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Tuesday 11/4/25. Slider Trading Quiz!

The Dow dropped by -0.5% or -226.19 points. Since 10/01/1928 the Dow made 816 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 414 occasions.
     Average loss was -0.8% on 402 occasions.
Expect the Dow to close higher 50.7% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 322/587 or 54.9% of the time.
     The prediction of the Dow closing lower has been right 61/125 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Southwest Water: SWWC stock.

$ $ $

Here's a symbol list of 115 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABM, ACIW, ADBE, AEIS, AES, APD, AMZN, AEE, AMWD, ATR, ADM, ASH, BAX, BSX, BBW, BG, CIEN, CTAS, CSCO, CLF, CNA, CNX, CR, DECK, FANG, DTE, ELV, EMR, EXC, XOM, EZPW, FRD, IT, GILD, GL, HL, HSII, HP, HD, HON, IBP, IBKR, JNJ, KFRC, LEG, LDOS, RAMP, LOW, M, MTRX, MU, MYGN, NFLX, NWL, OGE, ORCL, PFE, RJF, REGN, ROL, ROST, SAIA, SBH, SCHW, SMG, SHW, SLGN, SGI, SCCO, TDC, TEVA, TTD, TSCO, TDG, RIG, TZOO, TWLO, UNM, WRB, WAT, WERN, WU, WWW, WWD, XEL, ITA, IYM, IDU, IEV, MXI, ITB, EWZ, EWQ, EIS, EWM, EWY, EWD, THD, TUR, XLY, GLD, XHB, XLB, 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), Orb Foresight (#Ad)

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© 2025 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  44,354.51    
 Monthly S1  45,845.59  1,491.09   
 Daily S2  46,828.62  983.03   
 Weekly S2  46,881.51  52.89   Yes! The Weekly S2 is close to the Daily S2.
 Monthly Pivot  46,943.12  61.61   
 Daily S1  47,082.65  139.53   
 Weekly S1  47,109.09  26.45   Yes! The Weekly S1 is close to the Daily S1.
 Low  47,135.96  26.87   Yes! The Low is close to the Weekly S1.
 Close  47,336.68  200.72   
 61.8% Down from Intraday High  47,350.40  13.72   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  47,389.99  39.59   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  47,416.64  26.66   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  47,482.89  66.24   
 Weekly Pivot  47,574.87  91.98   
 Daily R1  47,644.02  69.15   
 Open  47,697.33  53.31   Yes! The Open is close to the Daily R1.
 High  47,697.33  0.00   Yes! The High is close to the Open.
 Weekly R1  47,802.45  105.13   
 Daily R2  47,951.36  148.91   
 Weekly R2  48,268.23  316.87   
 Monthly R1  48,434.20  165.98   
 Monthly R2  49,531.73  1,097.52   

Monday 11/3/25. 2025 Forecast Update

2025 Forecast

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

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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 337.47 points.
Tuesday: Up 161.78 points.
Wednesday: Down 74.37 points.
Thursday: Down 109.88 points.
Friday: Up 40.75 points.

For the Week...

The Dow industrials were up 355.75 points or 0.8%.
The Nasdaq composite was up 520.12 points or 2.2%.
The S&P 500 index was up 48.51 points or 0.7%.

Year to Date...

Dow Industrials
     1.0% down from the high of 48,040.64 on 10/29/2025.
     29.9% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     1.2% down from the high of 24,019.99 on 10/29/2025.
     60.5% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     1.2% down from the high of 6,920.34 on 10/29/2025.
     41.5% up from the low of 4,835.04 on 04/07/2025.

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  47,172  47,367  47,543  47,738  47,914 
Weekly  46,957  47,260  47,650  47,953  48,344 
Monthly  44,430  45,996  47,019  48,585  49,607 
S&P500 (^GSPC): Daily  6,780  6,810  6,845  6,875  6,909 
Weekly  6,752  6,796  6,858  6,902  6,964 
Monthly  6,401  6,621  6,770  6,990  7,140 
Nasdaq (^IXIC): Daily  23,449  23,587  23,767  23,905  24,084 
Weekly  23,220  23,473  23,746  23,999  24,272 
Monthly  21,486  22,605  23,313  24,432  25,140 

Here are the formulas:

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

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Earnings, Chart Patterns & Industries

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

Here's a symbol list of 124 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ADTN, AES, APD, AA, AMZN, AFG, AMWD, ATR, ARCB, ADM, ARW, AVA, BALL, BIIB, BA, CX, CNP, CDAY, CVX, CI, CSCO, CNX, CGNX, GLW, D, DTE, EXP, EBAY, ELV, EMR, EXC, FICO, FDX, FMC, FRD, GE, GNW, GILD, HLIT, HTLD, HL, HELE, HSY, HD, JBHT, ILMN, IBP, IBKR, TILE, KLIC, LAMR, LEG, LPLA, MDT, META, MSFT, MOS, MUR, NBR, NFG, NWL, OTEX, OMI, PRU, RRC, RES, SAIA, CRM, SBH, NOW, SLGN, SGI, SCCO, SPSC, SSYS, TOL, TWLO, UNM, VRTX, WRB, WMT, WAT, WERN, WWW, WWD, IYM, IEZ, IDU, FDN, FXI, IHF, IAT, IYF, IHI, EWO, EWK, EEM, EWQ, EWG, EWM, EWD, EWL, THD, TUR, PBE, GLD, XLB, XLU, UNG, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Semiconductor2. Semiconductor
3. Telecom. Equipment3. Telecom. Equipment
4. Electronics4. Electronics
5. Machinery5. Diversified Co.
6. Diversified Co.6. Apparel
7. Oilfield Svcs/Equipment7. Furn/Home Furnishings
8. Furn/Home Furnishings8. Machinery
9. Apparel9. Computers and Peripherals
10. Computers and Peripherals10. Long ETFs
Best Performing AboveWorst Performing Below
50. Food Processing50. Food Processing
51. Packaging and Container51. Trucking/Transp. Leasing
52. Insurance (Prop/Casualty)52. Insurance (Diversified)
53. Chemical (Diversified)53. Insurance (Prop/Casualty)
54. IT Services54. Chemical (Basic)
55. Chemical (Basic)55. IT Services
56. Information Services56. Information Services
57. Household Products57. Medical Services
58. Medical Services58. Household Products
59. Human Resources59. Human Resources
60. Short ETFs60. Short ETFs

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

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