Bulkowski's Blog: ThePatternSite.com
As of 10/06/2025
  Indus: 46,695 -63.31 -0.1%  
  Trans: 15,890 +49.75 +0.3%  
  Utils: 1,133 +8.02 +0.7%  
  Nasdaq: 22,942 +161.16 +0.7%  
  S&P 500: 6,740 +24.49 +0.4%  
YTD
 +9.8%  
0.0%  
 +15.3%  
 +18.8%  
 +14.6%  
  Targets    Overview: 09/30/2025  
  Up arrow48,000 or 45,750 by 10/15/2025
  Up arrow16,700 or 15,200 by 10/15/2025
  Up arrow1,200 or 1,100 by 10/15/2025
  Up arrow23,000 or 21,800 by 10/15/2025
  Up arrow6,800 or 6,500 by 10/15/2025
As of 10/06/2025
  Indus: 46,695 -63.31 -0.1%  
  Trans: 15,890 +49.75 +0.3%  
  Utils: 1,133 +8.02 +0.7%  
  Nasdaq: 22,942 +161.16 +0.7%  
  S&P 500: 6,740 +24.49 +0.4%  
YTD
 +9.8%  
0.0%  
 +15.3%  
 +18.8%  
 +14.6%  
  Targets    Overview: 09/30/2025  
  Up arrow48,000 or 45,750 by 10/15/2025
  Up arrow16,700 or 15,200 by 10/15/2025
  Up arrow1,200 or 1,100 by 10/15/2025
  Up arrow23,000 or 21,800 by 10/15/2025
  Up arrow6,800 or 6,500 by 10/15/2025

October 2025 Headlines

Archives


Tuesday 10/7/25. Slider Trading Quiz!

The Dow dropped by -0.1% or -63.31 points. Since 10/01/1928 the Dow made 1409 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 737 occasions.
     Average loss was -0.7% on 672 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 318/583 or 54.5% 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 Peru Copper: PCU, support and resistance.

$ $ $

Here's a symbol list of 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AMD, AES, AFL, ALK, ALL, AEO, AMN, ANIK, AMAT, ACGL, ANET, AVNT, AZTA, BAX, BZH, BBY, BOOT, BRC, BFH, BLDR, CRL, CLX, CMTL, CSGP, CSGS, XRAY, FANG, DDS, DTE, EFX, EVH, FFIV, FDS, FDX, FISV, FLS, FORM, FRD, GME, GAP, GIS, GNW, GFS, GFF, HTLD, HELE, HSIC, HOLX, DHI, HOV, TILE, IPG, INTU, KALU, KBH, KLIC, LH, LRCX, LAMR, LEG, LEN, LNC, MHO, MANH, MKTX, MAS, MOS, NFLX, NWL, NWPX, ORI, PTEN, PETS, PCG, PPG, PEG, QTWO, KWR, QCOM, RGS, RNG, ROK, RGLD, RES, SAND, SEE, SIGI, SHW, SHOP, SO, SR, TECH, TDOC, TFX, TEVA, TXT, TTD, TREX, UNM, VFC, VRTX, WU, WMB, IYK, IYC, QTEC, FXL, BOTZ, ICF, IXN, SOXX, IGE, ITB, EWJ, EWY, TUR, ROBO, GLD, XHB, XLI, XRT, XAR, SMH. 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  44,129.44    
 Monthly S1  45,412.21  1,282.77   
 Weekly S2  45,670.15  257.94   
 Weekly S1  46,182.56  512.41   
 Monthly Pivot  46,230.92  48.36   
 Daily S2  46,236.64  5.71   Yes! The Daily S2 is close to the Monthly Pivot.
 Low  46,426.96  190.32   
 Daily S1  46,465.80  38.84   Yes! The Daily S1 is close to the Low.
 61.8% Down from Intraday High  46,587.21  121.40   
 Weekly Pivot  46,616.10  28.89   Yes! The Weekly Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  46,636.70  20.60   Yes! The 50% Down from Intraday High is close to the Weekly Pivot.
 Daily Pivot  46,656.13  19.42   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  46,686.20  30.08   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  46,694.97  8.77   Yes! The Close is close to the 38.2% Down from Intraday High.
 Open  46,776.00  81.03   
 High  46,846.45  70.45   
 Daily R1  46,885.29  38.84   Yes! The Daily R1 is close to the High.
 Daily R2  47,075.62  190.32   
 Weekly R1  47,128.51  52.89   
 Monthly R1  47,513.69  385.18   
 Weekly R2  47,562.05  48.36   
 Monthly R2  48,332.40  770.35   

Monday 10/6/25. 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. Let's talk about B first.

B is not a chart of a triple top. Why? Because the index had to close below the lowest valley between the three peaks to confirm it as a valid triple top. Instead, price climbed above the top of the pattern.

Rather, the pattern is an inverted roof chart pattern. That pattern looks like a roof upside down. Price can enter and exit the pattern from either up or down. The breakout direction is random, at 51% upward.

I don't highlight pattern A much nor do I search for them. It's a V-bottom. Due to the way the pattern is defined, the breakout is upward every time. However, it's a mid-list performer (ranking 24 out of 39). The failure rate is 19%, meaning 19% of patterns will fail to see price rise at least 5% above the top of the pattern.

What does this mean? It suggests a continued rise in price but it may struggle to make that climb. The prior peak (in August) will put up resistance to an advance, so it has to push through that.

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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 68.78 points.
Tuesday: Up 81.82 points.
Wednesday: Up 43.21 points.
Thursday: Up 78.62 points.
Friday: Up 238.56 points.

For the Week...

The Dow industrials were up 510.99 points or 1.1%.
The Nasdaq composite was up 296.44 points or 1.3%.
The S&P 500 index was up 72.09 points or 1.1%.

Year to Date...

Dow Industrials
     0.6% down from the high of 47,049.64 on 10/03/2025.
     27.7% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     0.6% down from the high of 22,925.43 on 10/03/2025.
     54.1% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     0.5% down from the high of 6,750.87 on 10/03/2025.
     38.9% 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  46,309  46,534  46,792  47,016  47,274 
Weekly  45,691  46,225  46,637  47,171  47,583 
Monthly  44,151  45,454  46,252  47,556  48,354 
S&P500 (^GSPC): Daily  6,679  6,697  6,724  6,743  6,769 
Weekly  6,593  6,654  6,703  6,764  6,812 
Monthly  6,219  6,467  6,609  6,858  6,999 
Nasdaq (^IXIC): Daily  22,571  22,676  22,801  22,905  23,030 
Weekly  22,302  22,541  22,733  22,973  23,165 
Monthly  20,354  21,567  22,246  23,460  24,139 

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 will be starting in about 10 days.

Here's a symbol list of 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AMD, AFL, APD, ALKS, AMZN, AME, AMN, ACGL, AZTA, BBY, BAH, BLDR, CAL, CX, CNO, CTSH, CMCO, CMTL, CTS, CMI, DDS, DSGR, ^DJU, D, EBAY, EQT, EXPD, FDX, GME, GAP, GNW, GES, HBI, THG, HLIT, HE, HTLD, HL, HELE, HSIC, HWM, JBHT, NSP, TILE, ISRG, JNJ, KALU, K, KMT, KEYS, KSS, LZB, LH, LXU, MAN, MRTN, META, NFLX, NJR, NKE, NWPX, NOVT, NTNX, ORI, OTEX, PANW, PETS, PCG, PLXS, PINC, PFG, PGR, PRU, PSTG, RES, CRM, SEE, SHOP, SCCO, TECH, TEVA, TXN, TTD, VMI, VRTX, VC, WSC, WWD, IYM, IDU, FDN, QTEC, FXL, BOTZ, ICF, IYH, IHF, IGV, MXI, SOXX, IHI, EWA, EWO, EWQ, EWJ, EPP, EWS, EWD, EWL, THD, TUR, IBB, PBE, PEJ, PXJ, PHO, ROBO, XLI, XLB, XRT, XLU, VHT, 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. Semiconductor Cap Equip.1. Semiconductor Cap Equip.
2. Semiconductor2. Telecom. Equipment
3. Telecom. Equipment3. Semiconductor
4. Electronics4. Electronics
5. Apparel5. Metals and Mining (Div.)
6. Computers and Peripherals6. Apparel
7. Machinery7. Retail (Special Lines)
8. Metals and Mining (Div.)8. Machinery
9. Diversified Co.9. Securities Brokerage
10. Homebuilding10. Cement and Aggregates
Best Performing AboveWorst Performing Below
50. Packaging and Container50. IT Services
51. Insurance (Prop/Casualty)51. Insurance (Diversified)
52. Electric Utility (East)52. Oilfield Svcs/Equipment
53. Chemical (Basic)53. Information Services
54. Natural Gas (Diversified)54. Chemical (Basic)
55. Insurance (Diversified)55. Biotechnology
56. Information Services56. Trucking/Transp. Leasing
57. Medical Services57. Household Products
58. Household Products58. Medical Services
59. Short ETFs59. 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 10/3/25. Pattern Trading Setups for the Weekend.

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: ADTN, AES, AEP, AME, AMAT, ANET, AGO, ATO, AXS, BSET, BBY, BKH, BFH, BRKR, CDNS, CE, CLS, CNC, CRL, CMCO, CMTL, CXW, CCK, CW, EXP, ECL, EFX, EL, EXPD, FICO, FCX, GME, GILD, GES, HBI, HL, HSII, HELE, HNI, HOLX, HWM, ILMN, INTC, TILE, IPG, JKHY, K, KMT, KSS, KLIC, LRCX, MGY, MTRN, MDT, MGEE, NJR, NWPX, OXY, OGE, ORI, OTEX, PETS, POR, PINC, PFG, PG, KWR, DGX, RGA, RNG, SCI, SLGN, SGI, SR, TGT, TDY, TER, TTD, TRV, TWLO, UHAL, UIS, VFC, VEEV, WSO, WMB, IYM, IYC, FTEC, QTEC, FXL, FXI, BOTZ, IAT, IXN, SOXX, IGE, EWA, EEM, EWQ, EWG, EWH, EWJ, EPP, EZA, EWY, EWL, THD, PHO, ROBO, XLI, XLB, XLK, SMH. 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 Bottom, Eve and Adam      09/08/202509/18/2025Semiconductor
AFLUgly double bottom      08/01/202509/08/2025Insurance (Diversified)
AEPDouble Bottom, Eve and Eve      09/08/202509/19/2025Electric Utility (Central)
AIGDouble Bottom, Eve and Eve      09/16/202509/22/2025Insurance (Prop/Casualty)
AMGNDouble Bottom, Eve and Eve      09/15/202509/26/2025Biotechnology
AMNDouble Bottom, Eve and Eve      09/15/202509/25/2025Human Resources
ARCBDouble Top, Adam and Adam      08/22/202509/05/2025Trucking/Transp. Leasing
BZHHorn top      09/02/202509/15/2025Homebuilding
BBYPipe bottom      09/15/202509/22/2025Retail (Special Lines)
BRKRUgly double bottom      09/03/202509/29/2025Precision Instrument
CEDouble Top, Eve and Adam      08/22/202509/05/2025Chemical (Basic)
CFThree Rising Valleys      08/07/202509/18/2025Chemical (Basic)
CROXDouble Bottom, Adam and Adam      09/15/202509/25/2025Shoe
CTSTriple top      09/05/202509/18/2025Electronics
^DJTTriangle, symmetrical      09/05/202509/26/2025None
FICOUgly double bottom      08/14/202509/22/2025IT Services
FIVNDouble Top, Eve and Adam      08/22/202509/23/2025Computer Software and Svcs
FWRDDouble Top, Eve and Adam      07/28/202508/28/2025Trucking/Transp. Leasing
GFSDouble Bottom, Eve and Eve      08/11/202509/15/2025Semiconductor
HQYDouble Top, Adam and Eve      09/05/202509/23/2025Healthcare Information
HPTriple bottom      07/01/202508/05/2025Petroleum (Producing)
ILMNPipe top      07/21/202507/28/2025Biotechnology
INTCFlag, high and tight      08/01/202510/02/2025Semiconductor
INTUDouble Top, Eve and Eve      09/22/202509/29/2025Computer Software and Svcs
JNJTriple bottom      08/28/202509/19/2025Medical Supplies
LLYPipe bottom      08/04/202508/11/2025Drug
MGYDouble Top, Eve and Eve      09/03/202509/26/2025Petroleum (Producing)
METADouble Top, Eve and Eve      08/13/202509/19/2025E-Commerce
NJRTriple bottom      08/18/202509/17/2025Natural Gas (Distributor)
OMIDouble Top, Eve and Eve      09/05/202509/18/2025Medical Supplies
PFGTriangle, symmetrical      09/15/202509/26/2025Insurance (Diversified)
RLTriple bottom      09/09/202509/25/2025Apparel
RJFDouble Top, Eve and Eve      09/23/202509/30/2025Securities Brokerage
RNGTriple top      09/08/202509/22/2025Computer Software and Svcs
SODouble Bottom, Eve and Adam      09/09/202509/19/2025Electric Utility (East)
TECHDouble Bottom, Eve and Adam      09/12/202509/25/2025Biotechnology
TEVADouble Bottom, Eve and Eve      09/18/202509/25/2025Drug
TTDPipe bottom      09/15/202509/22/2025Advertising
TRVTriangle, symmetrical      09/04/202509/29/2025Insurance (Prop/Casualty)
VEEVDouble Bottom, Eve and Adam      09/17/202509/25/2025Healthcare Information
VRTXDouble Top, Adam and Eve      08/22/202509/05/2025Biotechnology
VMCDouble Bottom, Eve and Adam      09/17/202509/25/2025Cement and Aggregates
WATDouble Top, Eve and Eve      09/09/202509/17/2025Precision Instrument

 

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Thursday 10/2/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.4% or 95.15 points. Since 02/05/1971 the Nasdaq made 650 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 414 occasions.
     Average loss was -0.9% on 236 occasions.
Expect the Nasdaq to close higher 63.7% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 301/542 or 55.5% of the time.
     The prediction of the Nasdaq closing lower has been right 87/180 or 48.3% of the time.

$ $ $

Picture of the 5 days of Nasdaq composite.

I show a picture of the Nasdaq composite intraday for 5 days.

A triple bottom appears on the chart, shown here by the red line. The green line is what's called a confirmation line. A close above the green line validates the chart pattern as a real triple bottom and signals that price will rise (but not how far).

At B, we see a common occurrence, called a throwback. That's when a chart pattern (a triple bottom in this case) breaks out upward but price soon retraces back to, or close to, the breakout price (the breakout price is the price of the green line). After a throwback completes, the security resumes the rise 65% of the time.

Indeed, the composite climbed on this chart. The rise appears to have met the target (I eyeballed this) which is the height of the triple bottom (from red to green lines) added to the price of the green line.

$ $ $

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: AYI, AKAM, AA, AR, AON, APOG, ATR, ADM, AWI, ATO, AVY, AZTA, BCPC, BBY, BKH, BKNG, BSX, BRC, BFH, BMY, BLDR, CNC, CNP, CHKP, CHD, CNX, CGNX, CMTL, CAG, DHR, ^DJU, D, DTE, EVRG, XOM, FIVN, FTNT, GPN, GES, HBI, THG, HELE, ILMN, NSP, TILE, IPG, JKHY, JNJ, K, KFRC, KLIC, LH, LEG, MANH, MRK, META, MS, NOV, NJR, NEE, NKE, NI, OGE, ORI, OMCL, ASGN, OR, OUT, OMI, PYPL, PEN, POR, PINC, PG, DGX, REGN, RNG, SAIC, SO, SCCO, TECH, TTD, TSCO, UGI, UIS, WSC, WDAY, IEZ, IHE, FXL, ICF, IYH, IEV, SLV, EWA, EWO, EWK, ECH, EEM, EWQ, EWG, EIS, EWI, EWM, EWW, EPP, EWS, EZA, EWY, EWL, EWU, PXJ, PJP, ROBO, XLY, XLV, 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 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  20,427.85    
 Monthly S1  21,591.51  1,163.65   
 Weekly S2  21,964.95  373.44   
 Monthly Pivot  22,196.70  231.76   
 Weekly S1  22,360.05  163.35   
 Daily S2  22,418.99  58.93   
 Low  22,516.74  97.75   
 Open  22,530.90  14.16   Yes! The Open is close to the Low.
 Weekly Pivot  22,580.98  50.08   
 Daily S1  22,587.07  6.10   Yes! The Daily S1 is close to the Weekly Pivot.
 61.8% Down from Intraday High  22,618.29  31.22   
 50% Down from Intraday High  22,649.66  31.37   
 38.2% Down from Intraday High  22,681.03  31.37   
 Daily Pivot  22,684.83  3.80   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  22,755.16  70.33   
 High  22,782.58  27.42   
 Daily R1  22,852.91  70.33   
 Daily R2  22,950.67  97.75   
 Weekly R1  22,976.08  25.42   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  23,197.01  220.92   
 Monthly R1  23,360.36  163.35   
 Monthly R2  23,965.55  605.20   

Wednesday 10/1/25. 2025 Forecast Update

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

$ $ $

Here's a symbol list of 140 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ABM, ACIW, AYI, AFL, A, AKAM, ALK, ALKS, AFG, AME, AIZ, BALL, BBY, BKNG, BRC, BFH, CAL, COR, CNP, CINF, CRH, CTS, ^DJU, DTE, EME, EOG, EVH, EXPI, FAST, FDX, FIVN, FLEX, FNV, GAP, GD, GILD, HBI, HLIT, HL, HELE, HUM, IEX, NSP, IBP, TILE, JKHY, JAZZ, K, KFRC, KLAC, KLIC, MANH, MGEE, MS, ^IXIC, NFLX, NJR, NEE, NI, NOC, NWPX, NVDA, OGE, ORI, OLN, OMCL, ASGN, OTEX, OMI, PKG, PKE, PAYX, PYPL, PLXS, POR, PPL, PINC, PFG, RL, RRC, REGN, RGS, RNG, RHI, ROG, ROL, RGLD, ^GSPC, SAND, SAIC, SIGI, SR, SCS, SSYS, TER, TTD, UIS, UPS, VMI, WSO, WLK, WPM, WOLF, WDAY, DDM, FTEC, QQQ, IAT, IYZ, IGE, EWK, EWQ, EWG, EIS, EWJ, EWP, TUR, QLD, PXJ, SSO, XLI, XLB, SPY, XAR, XLK, UNG, USO, VIS, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

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