As of 10/03/2024   Indus: 42,012 -184.93 -0.4%     Trans: 15,745 -226.81 -1.4%     Utils: 1,058 -6.74 -0.6%     Nasdaq: 17,918 -6.64 0.0%     S&P 500: 5,700 -9.60 -0.2%	YTD  +11.5%   -1.0%    +20.0%    +19.4%    +19.5%	Targets    Overview: 09/30/2024     43,500 or 41,600 by 10/15/2024   16,800 or 15,700 by 10/15/2024   1,125 or 1,025 by 10/15/2024   19,000 or 17,600 by 10/15/2024   5,900 or 5,600 by 10/15/2024
Chart Pattern Indicator: on 10/2/24

As of 10/03/2024   Indus: 42,012 -184.93 -0.4%     Trans: 15,745 -226.81 -1.4%     Utils: 1,058 -6.74 -0.6%     Nasdaq: 17,918 -6.64 0.0%     S&P 500: 5,700 -9.60 -0.2%	YTD  +11.5%   -1.0%    +20.0%    +19.4%    +19.5%
Targets    Overview: 09/30/2024     43,500 or 41,600 by 10/15/2024   16,800 or 15,700 by 10/15/2024   1,125 or 1,025 by 10/15/2024   19,000 or 17,600 by 10/15/2024   5,900 or 5,600 by 10/15/2024
Chart Pattern Indicator: on 10/2/24

Friday 10/4/24. Pattern Trading Setups for the Weekend.

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: ACN, AEIS, ALRM, ALKS, ALL, AMZN, AEE, AEP, AMN, AON, APA, ARCB, AIZ, AVNT, BBY, BIO, BA, BMY, CAL, CPB, CX, CNC, CHD, CNA, CL, ED, CAG, COTY, CRH, CCRN, XRAY, ^DJU, EMN, EIX, EVH, EXPI, EZPW, FDS, FDX, FNV, IT, GE, HIG, HTLD, HELE, HP, HON, HWM, HUBG, JBHT, IDXX, INFN, NSP, IIIN, PODD, IBKR, IPG, JAZZ, KALU, KBH, KMT, KFRC, LZB, LEG, L, M, MGY, MKTX, MRTN, MTRN, META, MU, MUR, NOV, NUS, NTNX, NVDA, OGE, OR, OXM, PATK, PDCO, PCG, POR, PPL, PEG, KWR, DGX, RLI, SBH, SEE, SRE, SCI, NOW, LUV, SPSC, SCS, TOL, TDG, TRV, TREX, VC, WWW, XEL, IYK, IYC, IEZ, IYH, IHF, IEV, MXI, SLV, IGE, EWO, EWK, EWZ, ECH, EWQ, EWG, EWI, EWM, EWS, EWD, EWL, THD, TUR, EWU, PJP, XLP, XLV, XLB, XAR, 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.

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

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

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

For details about the chart patterns, click here.

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

Thursday 10/3/24. Intraday Market Direction: Nasdaq

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

The index followed the channel, shown here in green lines, until Friday. During trading on Friday, the index pierced the lower boundary of the channel.

The index took a big plunge on Tuesday before finding bottom at valleys AB. That pattern (AB) is a confirmed double bottom when the index closed above the highest peak between bottoms A and B.

However, the index climbed less than 100 points (a bit less than predicted) before forming a weird looking symmetrical triangle. I say weird because the bottom trendline curves (see red curved line on chart).

I took a glance at the CPI and it showed the markets were still neutral but it had a reading slightly above 35 (35 is bearish). So my guess is the index will drop.

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Here's a symbol list of 100 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AXDX, APD, ALB, ALKS, AME, AMN, AR, APA, ACGL, ADM, ANET, ARW, AGO, BMI, BSET, BIO, BFH, BMY, CPB, CX, CNC, CDAY, CI, CLNE, CLF, CL, DHR, XRAY, DDS, ELV, EME, EVH, EXC, EZPW, GME, GL, GPRO, THG, HLIT, HUM, NSP, PODD, IBKR, IRM, KALU, KBH, KFRC, LEG, LDOS, L, MGY, MRTN, MTDR, MTRN, MUR, NWL, NKE, NUS, NTNX, PDCO, PCTY, PYPL, PETS, PCG, RHI, SBH, SAIC, SEIC, SCI, NOW, SKYW, SXI, SSYS, TECH, TZOO, TG, WERN, WMB, FXI, IYH, IHF, EWK, EWQ, EWH, EWM, EWP, TUR, PBE, XLP, XLV. Click this link for details (pattern type, start and end dates).

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

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

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

Wednesday 10/2/24. 2024 Forecast Update

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

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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: AXDX, AYI, AMD, AES, ALKS, AEE, AXP, AME, AMN, ANIK, AON, APA, AMAT, ACGL, ADM, AWI, ATO, BCPC, BAX, BIO, BIIB, BMRN, BKNG, BMY, BG, CPB, CX, CNC, CLNE, ED, COP, CTS, DHR, XRAY, DFS, ^DJU, DTE, EBAY, ECL, EPAM, EFX, EG, EVH, XOM, FICO, FARO, FDX, FIVN, FTV, GME, GD, GFS, HLIT, HTLD, HP, HON, HUN, IDA, NSP, PODD, IBKR, JAZZ, KBH, KLAC, RAMP, MGY, MANH, MRO, MTDR, MRCY, MU, MCO, MOS, MUR, NFLX, NWL, NEU, NUS, NTNX, NVDA, OMI, PAYX, PYPL, PETS, PPL, PINC, QTWO, RMBS, RHI, RCKY, ROG, ROP, RES, SLB, SIGI, SRE, NOW, SXI, SSYS, TECH, TEVA, TTD, TOL, TDG, RIG, TG, UHAL, UNH, VLO, VECO, WU, WPM, WSC, XEL, IYM, IAI, IEZ, FDN, QTEC, FXL, BOTZ, IEV, IGV, IXN, IEO, IHI, EWK, EWZ, EWQ, EWI, EWY, EWD, EWL, EWT, TUR, EWU, DBA, PXJ, PJP, USO, SMH, VHT, 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.

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

Tuesday 10/1/24. Slider Trading Quiz!

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I show another slider trading quiz featuring Xcel Energy: XEL stock.

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Here's a symbol list of 98 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AYI, AEIS, AEE, AFG, AON, AAPL, ADM, AIZ, ATO, ADSK, AXS, BAX, BBY, BIO, BMRN, BRC, BFH, BR, BBW, CPB, CIEN, CSCO, CNO, CMCO, CMTL, CCK, CW, DTE, DUK, EME, FORM, GIS, GPRO, GFF, HE, HSII, HNI, HON, HWM, IBKR, JBLU, KLIC, LZB, RAMP, MAS, MLI, NFLX, NEU, NOC, NOVT, NTNX, ASGN, PEN, PFE, PPL, PINC, PRU, QTWO, REGN, ^GSPC, SBH, SIGI, SLGN, SCS, SSYS, TDOC, TER, TEVA, TTD, VC, WRB, WSC, XEL, ZBRA, IHE, IGV, IYF, EWO, EWZ, ECH, EWH, EWJ, EWP, EWD, IBB, PEJ, PJP, SSO, XLI, SPY, VHT. Click this link for details (pattern type, start and end dates).

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

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

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