As of 12/20/2024   Indus: 42,840 +498.02 +1.2%     Trans: 15,892 +32.54 +0.2%     Utils: 986 +14.76 +1.5%     Nasdaq: 19,573 +199.83 +1.0%     S&P 500: 5,931 +63.77 +1.1%	YTD  +13.7%   0.0%    +11.9%    +30.4%    +24.3%	Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,100 or 17,700 by 01/01/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

As of 12/20/2024   Indus: 42,840 +498.02 +1.2%     Trans: 15,892 +32.54 +0.2%     Utils: 986 +14.76 +1.5%     Nasdaq: 19,573 +199.83 +1.0%     S&P 500: 5,931 +63.77 +1.1%	YTD  +13.7%   0.0%    +11.9%    +30.4%    +24.3%
Targets    Overview: 12/12/2024     44,200 or 41,750 by 01/01/2025   16,100 or 17,700 by 01/01/2025   1,050 or 975 by 01/01/2025   20,500 or 19,300 by 01/01/2025   6,100 or 5,775 by 01/01/2025
Chart Pattern Indicator: on 12/5/24

Monday 9/30/24. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

I treat the indices differently than individual stocks. At AB, there's a pattern I call an ugly double bottom. That's where the second bottom is at least 5% higher than the first bottom, except for the indices. I don't put such a percentage requirement on it.

The pattern confirmed as valid when the index closed above green line C.

I also show red line D to illustrate that the index is making new highs now. It looks like it can climb higher over the next week, but that's just a guess.

A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 130 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, A, ALB, DOX, AMED, AXP, AFG, ATR, AIZ, AVNT, AVA, BALL, BZH, BBY, BOOT, BMY, CBT, CX, CNP, CIEN, GLW, COST, CR, CCRN, CCK, CTS, CW, ^DJI, DTE, BOOM, ECL, EPAM, EQT, FFIV, FORM, FTV, GL, THG, HE, HWM, HURC, INCY, INFN, IBP, ITGR, IBKR, ISRG, K, LRCX, LEG, L, MRTN, MTDR, MLKN, MUR, NFG, NFLX, NTAP, NJR, NWL, NOVT, NTNX, ASGN, OTEX, OR, OMI, PDCO, PCTY, PYPL, PINC, PHM, DGX, RGA, RNG, ROG, RGLD, SAND, SMG, SCI, SHOP, SLGN, SR, SUM, TDC, TER, TOL, TSCO, VC, WERN, WU, WDAY, ZBRA, IYC, IYE, IEZ, IHE, DDM, FDN, QTEC, FXL, IEO, EWO, EWK, EWC, EWG, EWH, EIS, EWI, EWM, EPP, EWP, EWD, EWL, PEJ, PXJ, ROBO, VHT, 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.

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

Friday 9/27/24. Intraday Market Direction: Nasdaq

$ $ $

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

The index loosely follows the bottom red trendline higher. It pokes through the bottom trendline a few times near the start but then behaves itself until Tuesday when it dips again.

I drew another red line on the top. As you know, the index opened higher today (Thursday, at A) but closes within the channel.

At B, the index looks paused midway. It could gap open higher on Friday and touch the top line and bounce downward or it can soar through. It can open lower, of course.

If this were on the daily chart, where the index moved sideways toward the end of the period, bumping up against a ceiling of resistance, I'd probably guess that the index would drop. The CPI took a big nose dive today, suggesting my feeling is correct. However, I'm frequently wrong, especially on the intraday scale where activity has more noise.

$ $ $

Here's a symbol list of 218 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, AMD, A, ALK, ALB, AA, DOX, AEE, AEO, AMWD, APH, AMAT, ATR, AWI, ASH, AIZ, AVNT, AVA, AXS, BMI, BBY, BIO, BKNG, BG, CBT, CLS, CNC, CNP, CENX, CIEN, CI, CSCO, CLF, CMCO, CMTL, COP, CRH, CSGS, CTS, XRAY, DVN, FANG, DDS, EMN, EOG, EPAM, EL, EXPD, FARO, FLEX, FORM, FNV, FCX, GPN, HE, HQY, HSII, HELE, HP, HNI, DHI, HWM, HUN, INFN, IPAR, IBKR, JBLU, KALU, KELYA, KEYS, KFRC, KMB, KLIC, LRCX, LAMR, LEN, MHO, MTSI, MGY, MRO, MRTN, MTRN, MRK, MU, MLKN, MS, MLI, MUR, NBR, ^IXIC, NOV, NFLX, NTGR, NKE, NTNX, NVDA, OGE, OMC, PATK, PTEN, PEN, PRFT, PLXS, PPG, PINC, PGR, DGX, RL, ROK, ROG, RGLD, RES, ^GSPC, SBH, SAND, SMG, NOW, SHW, STR, SKX, SCCO, LUV, SWX, SWN, SXI, SCS, TPR, TFX, TDC, TER, TMO, TWLO, UHAL, UIS, UPS, VFC, VECO, VRSN, VC, WRB, WU, WPM, WSC, ZBRA, IYM, IAI, IYC, IYE, IEZ, FXI, BOTZ, QQQ, IYH, IAT, IEV, IGV, MXI, IXN, SOXX, IGE, IEO, IYF, EWA, EWO, EWK, ECH, EEM, EWQ, EWG, EWH, EIS, EWI, EWJ, EPP, EWY, EWP, EWD, EWL, EWT, TUR, IBB, DBA, PBE, PXJ, PHO, SSO, ROBO, XLV, XHB, XLB, SPY, USO, SMH, VHT, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Thursday 9/26/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 182 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, A, ATSG, AKAM, ALRM, APA, APOG, ACGL, AWI, ASH, AGO, AVA, BMI, BALL, BAX, BERY, BA, BOOT, BMY, BR, BRKR, CBT, CDNS, CALM, CX, CNC, CDAY, CF, CINF, CTAS, CLNE, CMTL, CAG, CXW, GLW, COTY, CCRN, CCK, CSGS, CW, DHR, FANG, DSGR, ^DJI, DOV, EIX, EMR, EVH, FDS, FAST, FMC, FNV, GS, GPRO, GGG, GES, THG, HE, HSIC, HON, DHI, HUN, IEX, ITW, IBP, IBKR, KMT, KLAC, LRCX, LAMR, LEG, LNC, LOW, LXU, MRTN, MTDR, MDT, MCO, NBR, ^IXIC, NWL, NEU, NOVT, NTNX, NVDA, OGE, ASGN, OTEX, PKG, PTEN, PAYX, PETS, PFE, POR, PPG, PINC, PG, RTX, REGN, RGS, RGA, RLI, ROP, ^GSPC, SCI, STR, SSYS, SNPS, TGT, TECH, TFX, TEVA, TMO, VMI, VRSN, V, VC, WRB, WAT, WERN, WLK, WEX, WPM, WSM, WSC, IYM, IYK, BOTZ, QQQ, IYH, IAT, IYZ, IEV, MXI, ILF, EWK, EWC, ECH, EWG, EIS, EWI, EWW, EPP, EZA, EWP, EWD, EWU, QLD, PBE, ROBO, XLF, XLV, XHB, XLI, XLB, VIS, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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)

Wednesday 9/25/24. A Look at the Chart Pattern Indicator (CPI)

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 most recent signal is green, or bullish, as shown by the vertical green bar on the far right of the chart.

The CPI scale goes from 0 to 100 with 0 to 35 being bearish, 65 to 100 being bullish, and neutral in between. We're at 77.5 now.

The thin blue line near the bottom of the chart shows the indicator weakening (sloping downward). That's bearish divergence (indicator falling, index rising). It suggests the uptrend in the index will retrace. See the August drop as an example.

$ $ $

Here's a symbol list of 152 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABM, ADTN, APD, ALRM, ALB, AA, ALKS, AEE, AXP, ANIK, APA, ACGL, AWI, ASH, AGO, ADSK, AVNT, BAH, BFH, BMY, CPB, CE, CNC, CENX, CF, CLF, CCK, CMI, CW, DHR, FANG, ^DJT, ^DJI, BOOM, EMN, EVRG, EXPD, FDS, FICO, FDX, FLS, FMC, FCX, IT, HE, HP, HSIC, HD, DHI, HUN, HURC, IBP, IPAR, IBKR, TILE, INTU, ISRG, JKHY, KALU, KEYS, KSS, LZB, LNC, LOW, MCHX, MRTN, MTDR, MTRN, NBR, NKE, NOVT, NTNX, NVDA, OLN, ASGN, PANW, PTEN, PAYX, PCTY, PEN, PINC, PRU, REGN, RGA, RCKY, ^GSPC, SRE, SMAR, SCCO, LUV, SWN, SSYS, TPR, TRGP, TKR, TZOO, UHAL, UNM, VLO, V, VC, WRB, WAT, IYM, IYC, IYE, IEZ, DDM, FXI, BOTZ, QQQ, IYZ, IEV, MXI, IHI, EWK, ECH, EEM, EWG, EWH, EIS, EWM, EWW, EPP, EZA, EWY, EWP, EWD, EWT, THD, EWU, DBA, PBE, PHO, SSO, XLE, XHB, XLB, 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 9/24/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Xilinx: XLNX stock.

$ $ $

Here's a symbol list of 232 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACIW, ADTN, AMD, A, ALB, AA, ALKS, AEE, AXP, APH, AR, APOG, AMAT, ARCB, ANET, AWI, AIZ, AVY, AVNT, BMI, BAH, BRKR, CBT, CDNS, CLS, CX, CENX, CDAY, CRL, CHKP, CVX, CIEN, CLNE, CLF, CLX, CNA, CNO, CMTL, COP, GLW, CR, CRH, CCK, CW, DDS, DSGR, ^DJI, DOV, EMN, ECL, EIX, ELV, EME, EMR, FMC, FTNT, FTV, FNV, FCX, GE, GIS, GOOGL, GFF, HTLD, HSII, HOV, HURC, IDA, IEX, IDXX, ILMN, INCY, IBP, ITGR, IBKR, TILE, IPG, IPI, INTU, KBH, KELYA, KMT, KEYS, KLAC, LHX, LZB, LEG, LEN, LMT, MHO, MTSI, M, MANH, MLM, MTRX, MU, MLI, MYGN, ^IXIC, NWL, NEU, NWPX, NOVT, NTNX, NVDA, OMC, ON, OUT, OMI, PANW, PATK, PTEN, PETS, PLXS, PPG, PRU, PEG, PSTG, QTWO, QCOM, RRC, RJF, RLI, ROG, R, CRM, SBH, SHOP, SCCO, LUV, SWX, SWN, SPSC, SSYS, SUM, SNPS, TPR, TDOC, TPX, TXN, TJX, TZOO, TG, UHAL, UIS, UNM, VMI, VEEV, MDRX, VRTX, WSO, WERN, WLK, WPM, WSC, WDAY, ZBRA, IYM, IYC, IDU, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, MXI, IXN, SOXX, EWO, EWZ, EWC, EEM, EWG, EWH, EWJ, EWS, EZA, EWY, EWD, EWL, EWT, QLD, PBE, PHO, SSO, ROBO, XHB, XLB, XRT, XLK, USO, SMH, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

Monday 9/23/24. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

There's not much to say about the chart except the following. It's a picture of the Nasdaq on the daily scale.

At A, the index is hitting overhead resistance setup by the August peak. The index can continue higher, reverse, or move sideways. No surprise there.

We can see an exhaustion gap two day ago. Price filled the gap today (meaning we saw a small retrace to cover the high-low range of the gap).

Usually when presented with overhead resistance, the smart thing to do is avoid trading. This time might be different. It might pause here and resume the upward move. That's my guess.

A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 214 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACIW, ADTN, AMD, ATSG, ALB, AA, ALKS, AEE, AXP, AMGN, APH, AR, APOG, AMAT, ARCB, ANET, AWI, ARW, AVY, AVNT, BMI, BCPC, BSET, BIO, BAH, BRKR, CBT, CDNS, CLS, CX, CENX, CDAY, CRL, CHD, CIEN, CLNE, CLF, CNA, CNO, CL, CMTL, CAG, COP, CR, CRH, CW, DECK, DSGR, ^DJT, DOV, EXP, EMN, EME, EMR, FMC, FTV, FCX, GE, GIS, GNW, GOOGL, GFF, THG, HSII, HP, HOV, JBHT, IEX, INCY, IBP, ITGR, INTC, IPG, ISRG, KBH, KELYA, KMT, KEYS, KMB, KLAC, LH, LEG, MTSI, M, MGY, MAN, MCHX, MRTN, MLM, MTRN, MRK, MRCY, MGEE, MLKN, MCO, MLI, MYGN, ^IXIC, NTAP, NEU, NKE, JWN, NOC, NWPX, NOVT, NTNX, NVDA, OGE, OUT, PETS, PLXS, POR, PINC, PGR, PSTG, QTWO, QCOM, DGX, RRC, RGS, ROG, RES, R, CRM, SBH, SLB, SAIC, SEE, SHOP, STR, SCCO, LUV, SWX, SWN, SPSC, SUM, SNPS, TPX, TDC, TKR, TWLO, UGI, UIS, VMI, VEEV, MDRX, VRTX, VMC, WSO, WLK, WPM, WSC, WWD, ZBRA, ITA, IYM, FTEC, QTEC, FXL, BOTZ, QQQ, IYZ, MXI, IXN, SOXX, EWK, EWH, EWJ, EWM, EWY, EWD, EWT, QLD, PPA, PBE, PHO, SSO, ROBO, GLD, XHB, XLB, XRT, XAR, XLK, USO, SMH, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 9/20/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 275 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ADTN, AMD, A, ATSG, AKAM, ALB, AA, DOX, AXP, AMN, APH, ANIK, AR, APOG, AAPL, AMAT, ATR, ARCB, ADM, ANET, ASH, AVNT, BMI, BSET, BIIB, BMY, CBT, CDNS, CALM, CLS, CX, COR, CENX, CDAY, CRL, CHKP, CIEN, CTAS, CSCO, CLNE, CLF, CNO, CL, CMTL, ED, CAG, CR, CRH, CROX, CCK, CTS, CW, DSGR, ^DJI, DOV, EMN, ECL, EME, EMR, EQT, FICO, FMC, FTNT, FTV, FCX, GE, GS, GOOGL, GFF, HIG, HSII, HON, HOV, HWM, HUM, JBHT, IEX, INCY, IBP, IPG, IPI, INTU, IRM, JKHY, KBH, KELYA, KMT, KEYS, KMB, KLAC, KSS, LH, LRCX, LEG, LXU, MTSI, M, MANH, MRTN, MA, MTRX, MRK, META, MSFT, MLKN, MLI, MYGN, ^IXIC, NTGR, NEU, NWPX, NOVT, NUS, NTNX, NVDA, OMC, OUT, PANW, PYPL, PRFT, PLXS, PINC, PSTG, QTWO, QCOM, DGX, RRC, RJF, REGN, RNG, RHI, RCKY, ROG, ROL, ROP, ROST, R, CRM, SBH, NOW, SHOP, SKX, SCCO, SWX, SWN, SPSC, SCS, SUM, SNPS, TPX, TER, TXN, UIS, VMI, VEEV, V, WMT, WSO, WLK, WPM, WMB, WSC, WDAY, ZBRA, IYM, IYC, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, IAT, IEV, IGV, MXI, IXN, SOXX, ITB, EWA, EWK, EWZ, EWQ, EWG, EWH, EIS, EWI, EWJ, EWM, EPP, EWS, EWY, EWD, EWT, TUR, QLD, IBB, PBE, PJP, PHO, SSO, ROBO, XHB, XLB, XRT, XLK, USO, SMH, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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)

Friday 9/20/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 275 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADBE, ADTN, AMD, A, ATSG, AKAM, ALB, AA, DOX, AXP, AMN, APH, ANIK, AR, APOG, AAPL, AMAT, ATR, ARCB, ADM, ANET, ASH, AVNT, BMI, BSET, BIIB, BMY, CBT, CDNS, CALM, CLS, CX, COR, CENX, CDAY, CRL, CHKP, CIEN, CTAS, CSCO, CLNE, CLF, CNO, CL, CMTL, ED, CAG, CR, CRH, CROX, CCK, CTS, CW, DSGR, ^DJI, DOV, EMN, ECL, EME, EMR, EQT, FICO, FMC, FTNT, FTV, FCX, GE, GS, GOOGL, GFF, HIG, HSII, HON, HOV, HWM, HUM, JBHT, IEX, INCY, IBP, IPG, IPI, INTU, IRM, JKHY, KBH, KELYA, KMT, KEYS, KMB, KLAC, KSS, LH, LRCX, LEG, LXU, MTSI, M, MANH, MRTN, MA, MTRX, MRK, META, MSFT, MLKN, MLI, MYGN, ^IXIC, NTGR, NEU, NWPX, NOVT, NUS, NTNX, NVDA, OMC, OUT, PANW, PYPL, PRFT, PLXS, PINC, PSTG, QTWO, QCOM, DGX, RRC, RJF, REGN, RNG, RHI, RCKY, ROG, ROL, ROP, ROST, R, CRM, SBH, NOW, SHOP, SKX, SCCO, SWX, SWN, SPSC, SCS, SUM, SNPS, TPX, TER, TXN, UIS, VMI, VEEV, V, WMT, WSO, WLK, WPM, WMB, WSC, WDAY, ZBRA, IYM, IYC, DDM, FTEC, FDN, QTEC, FXL, FXI, BOTZ, QQQ, IAT, IEV, IGV, MXI, IXN, SOXX, ITB, EWA, EWK, EWZ, EWQ, EWG, EWH, EIS, EWI, EWJ, EWM, EPP, EWS, EWY, EWD, EWT, TUR, QLD, IBB, PBE, PJP, PHO, SSO, ROBO, XHB, XLB, XRT, XLK, USO, SMH, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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 9/19/24. Intraday Market Direction: Nasdaq

$ $ $

I show a picture of the Nasdaq composite on the 1-minute, one day, scale. That's a change from the 10-day, 5 minute scale, but I felt it was important.

The FED announced their rate cut of one-half point at 2:00 PM today. That's A.

Yesterday, I wrote, "If the FED drop rates by a half point, the markets will probably rise by a few hundred points. Then they'll get nervous about why such a big reduction (half point) occurred and we'll see a drop the day later."

The index did rise by almost 200 points at 2:00. Then it did the unexpected. The index tumbled to end the day lower, at B. I expected the drop to happen tomorrow, not today.

Where do we go from here? I think these types of events are one-day wonders, meaning the market usually recovers quickly. So look for a move higher, but that's just a guess. I'm not confident about that, but I do believe we'll see markets recover quickly.

$ $ $

Here's a symbol list of 240 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ABM, ACN, ACIW, ADTN, AMD, APD, ATSG, AKAM, ALB, AA, ALL, DOX, AEO, AXP, APH, AR, APOG, AAPL, AMAT, ARCB, ANET, AWI, ASH, ADSK, ADP, AVNT, BMI, BALL, BSET, BZH, BBY, BA, CBT, CDNS, CALM, CLS, CX, CNP, CENX, CDAY, CRL, CIEN, CLNE, CLF, CGNX, CTSH, CL, CMTL, CAG, CR, CRH, CCK, CW, DSGR, ^DJI, DOV, EMN, EME, EMR, EZPW, FDS, FARO, FAST, FMC, FTNT, FTV, FWRD, FNV, FCX, GE, GNW, GL, GOOGL, GFF, HTLD, HSII, HOV, IDA, IEX, INCY, IBP, IBKR, TILE, IPG, KBH, KELYA, KMT, KEYS, KMB, KLAC, LEG, LEN, MTSI, M, MANH, MRTN, MA, MLI, MYGN, ^IXIC, NFLX, NWPX, NTNX, NVDA, OGE, OUT, PYPL, PLXS, PSTG, QTWO, QCOM, RRC, RTX, RHI, ROK, ROG, ROL, ROP, R, CRM, SBH, SIGI, SMTC, SHOP, SLGN, SMAR, SCCO, SWX, SWN, SPSC, SCS, SUM, SNPS, TPX, TDC, TER, TXT, TKR, TDG, UGI, UIS, UNM, VFC, VMI, VEEV, V, WRB, WSO, WERN, WLK, WPM, WMB, WSC, ZBRA, IYM, DDM, FTEC, QTEC, FXL, FXI, BOTZ, QQQ, IEV, MXI, IXN, SOXX, IGE, IHI, EWA, EWC, EWG, EWS, EZA, EWY, EWD, EWT, QLD, IBB, PBE, PHO, SSO, ROBO, XLF, XHB, XLB, XRT, XLK, USO, SMH, VHT, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Wednesday 9/18/24. A Look at the Chart Pattern Indicator (CPI)

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.

Before I dwell on the chart, let me say that if the FED reduces interest rates by a quarter point (Wednesday, in the afternoon), the markets will likely drop, perhaps a few hundred points.

If the FED drop rates by a half point, the markets will probably rise by a few hundred points. Then they'll get nervous about why such a big reduction (half point) occurred and we'll see a drop the day later. None of this is based on research, but on experience.

Why would good news send the markets lower? Because the market is already expecting a rate cut. It's factored in. Think of the old adage: Buy on the rumor, sell on the news.

As to the chart, we see a buy (bullish, really) signal on the chart as the vertical green bar on the far right of the chart. Note that the index is at overhead resistance setup by the prior peaks in July and August.

To me, this looks like the indices are going to drop, coinciding with a 1/4 point interest rate cut by the FED.

The vertical red line in this chart shows the timing of the bullish turn. The current CPI reading is almost 92, where 100 is the highest it can reach. The indicator can't rise much more, meaning look out below.

$ $ $

Here's a symbol list of 281 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AXDX, ACN, ADTN, AMD, ATSG, AKAM, ALB, AA, ALKS, DOX, AXP, APH, AR, APOG, AMAT, ATR, ARCB, ANET, AWI, ARW, ATO, ADP, AVNT, BMI, BSET, BFH, BMY, CBT, CDNS, CALM, CLS, CX, CNC, CENX, CDAY, CF, CRL, CIEN, CTAS, CLNE, CLF, CNO, CNX, CTSH, CMCO, CMTL, CXW, GLW, COST, CR, CRH, CCK, CMI, CW, DECK, DFS, DSGR, ^DJI, DOV, EMN, ELV, EME, EMR, EPAM, EFX, EZPW, FFIV, FDS, FAST, FDX, FIVN, FMC, FTNT, FTV, FCX, FRD, GE, GOOGL, GFF, HTLD, HSII, HOV, HWM, IDA, IEX, ITW, INCY, IBP, ITGR, INTC, IPAR, IBKR, TILE, IPG, IPI, KBH, KELYA, KMT, KEYS, KFRC, KMB, KLAC, LEG, MTSI, M, MGY, MANH, MLM, MTDR, MTRN, MRK, MSFT, MLI, MYGN, ^IXIC, NTGR, NWL, NWPX, NTNX, NVDA, OGE, OTEX, OUT, PATK, PCTY, PEN, PCG, PNW, PLXS, PSTG, QTWO, QCOM, RRC, RLI, ROG, ROP, ROST, RGLD, R, CRM, SBH, SAIC, SHOP, STR, SMAR, SCCO, SWX, SWN, SPSC, SCS, SUM, SRDX, SNPS, TDOC, TPX, TDC, TEVA, TKR, RIG, TG, UHAL, UIS, VMI, VEEV, WRB, WSO, WLK, WPM, WSC, ZBRA, ITA, IYM, IEZ, DDM, FTEC, QTEC, FXL, FXI, BOTZ, QQQ, IHF, IEV, IGV, MXI, IXN, SOXX, IYF, IHI, EWA, EWC, ECH, EEM, EWG, EWH, EIS, EWM, EZA, EWY, EWD, EWT, QLD, IBB, DBA, PBE, PEJ, PXJ, PJP, PHO, SSO, ROBO, XLF, XHB, XLB, XRT, XLK, UNG, USO, SMH, VHT, VAW, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 9/17/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Exxon: XOM stock (actual trade).

$ $ $

Here's a symbol list of 138 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, AXDX, ADBE, AA, AEE, AFG, APOG, AAPL, ACGL, AWI, ASH, ATO, ADSK, AVNT, AXS, BMI, BIIB, BMRN, BKH, BFH, BBW, BLDR, CALM, COR, CNC, CNP, CRL, CTAS, CNO, ED, CXW, CSGP, COST, CCK, DHR, ^DJU, DUK, EIX, EVRG, EXPI, EZPW, FDS, FTNT, GD, GL, HBI, HELE, HP, IEX, INCY, INFN, IPI, JAZZ, KELYA, KFRC, KMB, LLY, MANH, MKTX, MDT, MSFT, MS, NFG, NTGR, NJR, NWL, NTNX, ORI, OMCL, OMC, OTEX, PKG, PRFT, PFE, PPL, PG, PEG, RJF, ROST, RGLD, R, SAND, SEE, SEIC, SIGI, SRE, SCI, NOW, STR, SWN, TDOC, TPX, TDC, TZOO, UPS, UNH, UNM, VMI, WMB, WOLF, XEL, ZBRA, IAI, IHE, IDU, FXI, ICF, IEV, IYF, EWA, EWO, EWK, EWH, EPP, EWP, EWD, EWL, THD, EWU, IBB, PEJ, PJP, PHO, XLF, XLV, XLU, UNG, 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 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)

Monday 9/16/24. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

I show the Dow industrials on the daily scale.

From the left, we see a chart pattern called a double top at FG. After the pattern confirmed as valid (meaning price had to close below the lowest valley between peaks F and G) the index continued lower to H.

The same situation happened at peaks AB, which saw price drop to C.

Peaks DE look to have the same setup. Will we see price tumble?

My gut says no. Why? Because as soon as you recognize a pattern, things change. If you were to try to take advantage of this situation based on the prior two double tops, price wouldn't cooperate. It'll rise instead. Maybe not. Maybe it will drop, but it's not a bet I'm willing to take.

A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

For the Week...

Year to Date...

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 147 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AXDX, ADTN, AEIS, APD, AA, ALL, AEO, AMGN, AAPL, ADM, ARW, AIZ, ATO, AVY, AVNT, AXS, BMI, BAX, BERY, BFH, BBW, BG, CBT, COR, CDAY, CHKP, CSCO, CNO, CMTL, GLW, CR, EXP, EMN, EBAY, EMR, EVRG, FFIV, FMC, FTNT, FDP, GAP, GD, GL, GMS, GOOGL, GFF, GES, THG, HL, HD, HOV, HUBG, HURC, INCY, IBP, IPI, IRM, KBH, KMT, KLAC, KSS, LZB, LH, LDOS, LLY, RAMP, MHO, M, MGY, MRTN, MRK, MLKN, MLI, MYGN, NOV, NJR, NWL, NOC, NTNX, OTEX, OR, PKG, PATK, PETS, PHM, RL, RGA, ROG, ROST, RGLD, ^GSPC, SBH, SAND, SEIC, SHW, SWN, TDOC, TTD, TJX, TSCO, TREX, UHAL, VFC, VMI, VECO, VEEV, WEX, WPM, WSM, WSC, IYM, IYC, ICF, IYZ, IEV, MXI, SLV, ITB, EWK, EWC, ECH, EEM, EWG, EIS, EWM, EWW, EWS, EWY, EWP, EWD, EWL, THD, TUR, EWU, PEJ, GLD, XLI, XLB, SPY, UNG, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 9/13/24. Pattern Trading Setups for the Weekend.

Here's a symbol list of 106 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, AXDX, AKAM, AEE, AXP, AME, ADSK, AVA, AXS, BMRN, BAH, BFH, CAL, CNA, CNO, CR, EMN, ECL, EME, EMR, EXPI, FDS, FDX, FTNT, FTV, FNV, FRD, GME, GILD, GGG, HTLD, HL, HD, HUBG, HUM, HURC, IDXX, INCY, ISRG, K, KMT, KMB, KSS, RAMP, MLKN, MUR, NOC, NTNX, NVDA, OR, OUT, PCTY, PHM, RGS, RGA, RHI, RCKY, ROL, RGLD, RES, CRM, SAND, SCHW, SMG, NOW, SSYS, TRGP, TPX, VEEV, VRTX, VC, WAT, WEX, WPM, WWW, ITA, BOTZ, MXI, SLV, EWA, EWK, EWZ, ECH, EEM, EWI, EWJ, EPP, EZA, EWY, EWP, TUR, EWU, GLD, XHB, UNG, VIS. Click this link for details (pattern type, start and end dates).

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

$ $ $

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 9/12/24. Intraday Market Direction: Nasdaq

$ $ $

Let me say that yahoo no longer allows data download without registering. I dislike yahoo, so I'm not going to resister so you won't see any more cryptocurrencies discussed in this blog. I've not been able to find another site to download historical data with my downloader.

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

At B, we see a chart pattern called a symmetrical triangle. The breakout from the pattern is downward and the index tumbles.

At SHS, we see another pattern called a head-and-shoulders top. It confirms as a valid chart pattern at C. This chart pattern also had a downward breakout.

At A, we see the index shooting higher at an angle too steep to continue much longer (45 degrees or less is best). So I'd look for momentum to slow. We might even see a retrace.

$ $ $

Here's a symbol list of 126 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AXDX, AYI, ADBE, AFL, ATSG, AKAM, ALL, AXP, AME, ADSK, AXS, BCPC, BSET, BAX, BFH, BCO, CAL, CX, CF, CRL, CIEN, CLNE, CLF, CNO, CGNX, COTY, CCRN, CSGS, CTS, XRAY, BOOM, FDS, FARO, FMC, FTNT, FDP, GIS, THG, HTLD, HSII, HELE, HNI, HOLX, HUBG, HUM, IEX, INCY, INFN, IIIN, KSS, KLIC, RAMP, MGY, MANH, MAN, MRO, MLM, MRCY, NWPX, NOVT, NTNX, NVDA, ON, OMI, PKE, PRFT, PLXS, QTWO, KWR, QCOM, RL, RGA, RES, SLB, SMG, SEE, SCI, NOW, SLGN, SMAR, SUM, TDC, TSCO, TZOO, VLO, VEEV, MDRX, VC, WAT, WU, WEX, WWW, IHE, DDM, IYH, ILF, IGE, EWO, EWK, EWZ, EEM, EWQ, EWS, EZA, EWL, TUR, DBA, PHO, XLV, XHB, XLB, UNG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Wednesday 9/11/24. A Look at the Chart Pattern Indicator (CPI)

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 chart shows the CPI is bearish, highlighted by the tall vertical red line on the far right of the chart. That's no surprise because the peak (in the index) ran up against overhead resistance setup by the July 2024 peak. The index is retracing since peaking again earlier this month or late last month.

This is the same chart as the last one except I removed the signal changes. I drew red lines to show where the CPI turned against the index.

The first red bar on the left shows the index retracing about a week later, but the turn-down in May doesn't last long.

The middle peak, the CPI signals about a week before a significant retrace in July. The right two signals show the timing of the CPI hump which alerted followers to the approaching weakness in the index.

If the indicator is correct, then look for the downturn to continue, but probably not much longer. The markets could rebound after the FED meeting in a week.

$ $ $

Here's a symbol list of 146 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AEIS, AFL, ATSG, AKAM, ALRM, ALGT, ALL, AMZN, AEE, AXP, AIG, AMN, ATO, ADSK, AXS, BCPC, BFH, BCO, BG, CAL, CX, CVX, CLNE, CLF, CNA, CNO, CGNX, CMTL, CXW, COTY, CSGS, CTS, DUK, EMR, EQT, EG, XOM, FDS, FLEX, FORM, FTNT, IT, GIS, GL, GS, THG, HNI, HUBG, INCY, IIIN, KMB, LHX, LH, LRCX, RAMP, L, MGY, MTRX, MU, MS, MOS, NFG, NFLX, NWPX, NOVT, NUS, NTNX, OXY, OLN, ON, ORCL, OMI, PEN, PRFT, PFE, PGR, QTWO, DGX, RJF, RGA, RHI, ROL, SBH, SLB, SMG, SRE, SMTC, NOW, SLGN, STR, SMAR, SWN, SR, SPSC, TPX, TWLO, VMI, VECO, MDRX, VRSN, VC, WRB, WAT, WU, WSM, WWW, IAI, IYE, IHE, ICF, IAT, IEV, IXC, ILF, IGE, IYF, EWO, EWZ, EEM, EWG, EWH, EIS, EWW, EZA, EWU, PEJ, XLE, XLF, UNG, USO. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 9/10/24. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Yahoo (YHOO, Part 1) stock.

$ $ $

Here's a symbol list of 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ADBE, AEIS, AES, A, AKAM, AA, AMED, AEE, AEO, AXP, AFG, AGO, ATO, ADP, AZTA, BCPC, BZH, BIO, BKH, BA, CAL, CHD, CLX, CMTL, COST, COTY, CCRN, CSGS, CTS, DECK, ^DJT, ^DJI, DTE, EXP, EMR, EFX, EQT, FAST, FISV, FORM, FTNT, FNV, GAP, GILD, GFF, GES, HTLD, HL, HNI, HOV, HWM, HUM, JBHT, HURC, INTU, ISRG, KMT, KFRC, LZB, LRCX, M, MANH, MLM, MTRN, MU, MSFT, MOS, NFLX, NEU, JWN, NOVT, NUS, NTNX, ORI, OR, OUT, OMI, PATK, PCTY, PETS, PFE, PLXS, PG, KWR, QCOM, RJF, ROK, SBH, SLB, SMG, SLGN, STR, SCCO, SWN, TRGP, TDOC, TPX, TXN, TKR, UHAL, UNH, VECO, V, VC, VMC, WAT, WERN, WEX, XEL, ZBRA, ITA, IYM, IYK, DDM, BOTZ, IYH, MXI, EWA, EWO, EWC, ECH, EIS, EWJ, EPP, EWS, EZA, EWY, EWL, PPA, DBA, PBE, ROBO, XLF, XLI, XLB, XAR, USO, VIS. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

Monday 9/9/24. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

I show a chart of the Dow transports on the daily scale.

I've highlighted twin peak patterns (double tops). The first is at A. It confirms as a valid chart pattern when it closes below the red line.

After confirmation, the index makes a swift drop. In fact, all three double tops decline after confirmation, and the drop is steep.

Pattern B is tall. After dropping so far to confirm the pattern, there's not much left of a desire to push the index much lower. Maybe it's more accurate that the bulls gather and stop the decline.

At C, I highlight the most recent twin peak. It's height is small compared to the others (a bit smaller than A). Maybe that suggests we won't have much of a drop.

Indeed, based on support at the circle, I think the index will reverse at the green line. In other words, concerns about the economy won't hold the index down much longer.

$ $ $

I added new stock, ETF, and cryptocurrency tests to the outside days article.

A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

For the Week...

Year to Date...

Options Expiration

No options expire this week.

Swing Traders: Pivot Points

The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.

• Seekinger doesn't look at the range of S2 to R2 as support and resistance levels. Rather, he considers them oversold (S) and overbought (R) areas.
• S2 to R2 range of values across daily, weekly, and monthly periods: If two values are close together then they lend more significance to the area.
• If the market trends on day 1, the odds rise tremendously that the market will be range bound between daily S1 and daily R1 the next day.
• In a quiet market when traders are waiting for an important earnings announcement or economic report, look for daily R1 and S1 levels to hold and for the market to return to the daily pivot.
• A move outside of daily R1 or S1 usually does not mean a breakout.
• The odds suggest that the entire week's price action will remain between weekly R2 and S2.
• Avoid going long when the market moves above weekly R2 (it's overbought) and avoid going short when price moves below weekly S2 (oversold).
• Consider going short at weekly R1 or long at weekly S1 with a profit objective of the weekly pivot.
• Consider going long at weekly S2 or short at weekly R2 with a profit objective of weekly S1 or R1, respectively.

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season is over.

Here's a symbol list of 220 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACIW, AEIS, AES, AFL, ATSG, AKAM, ALB, AA, AEO, AEP, AIG, AMWD, AME, APH, AAPL, ADM, ANET, AWI, AVA, BCPC, BERY, BIO, BKH, BKNG, BAH, BCO, BR, BRKR, BG, CACI, CDNS, CAL, CPB, CE, CX, CHD, CLF, CNA, CGNX, CAG, GLW, COTY, CCRN, CCK, CTS, XRAY, DFS, ^DJI, DTE, EXP, EIX, EOG, EL, EXC, EXPD, XOM, FDS, FICO, FIVN, FORM, FTNT, GAP, GNW, GPN, GL, GOOGL, GES, HE, HTLD, HL, HSIC, HSY, HOV, HUN, HURC, ILMN, IIIN, INTC, IPI, INTU, JKHY, KELYA, KMT, KLAC, LHX, LRCX, RAMP, LMT, LOW, MANH, MLM, MA, MTRN, META, MSFT, MLKN, MS, MOS, ^IXIC, NTGR, NEE, NWPX, NOVT, NTNX, NVDA, ORI, OTEX, ORCL, OR, PANW, PKE, PATK, PCTY, PRFT, PETS, PLXS, POR, PINC, QTWO, KWR, RJF, RTX, RGA, ROK, ROST, CRM, SBH, SLB, SCHW, SMG, SMTC, SCI, NOW, SHOP, STR, LUV, SWX, SWN, SNPS, TRGP, TDOC, TPX, TTD, TRV, TWLO, UHAL, UGI, VECO, VC, VMC, WAT, WERN, WPM, WMB, WWW, WDAY, ITA, IYM, IYK, IYC, DDM, FTEC, FDN, QTEC, FXL, BOTZ, IYH, IGV, IXC, MXI, ILF, SOXX, SLV, IGE, EWO, EWK, EWZ, ECH, EEM, EWQ, EWJ, EWW, EZA, EWY, EWL, EWT, THD, IBB, DBA, PBE, PHO, XLY, XLV, XLB, XAR, USO, SMH, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

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

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

Friday 9/6/24. Pattern Trading Setups for the Weekend.

I added new stock, ETF, and cryptocurrency tests to the inside days article.

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Here's a symbol list of 193 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AEIS, AFL, ALRM, ALB, AA, ALKS, AMED, AEE, AEO, AFG, AIG, AMGN, AMN, AR, ADM, ANET, AWI, ASH, AGO, ATO, AVA, BECN, BERY, BIG, BIO, BKH, BAH, BFH, BR, BG, CAL, CE, CNC, CF, CHD, CLNE, CLF, CNA, CCRN, CW, XRAY, DFS, ^DJI, DTE, EXP, EIX, EL, EG, EXC, EXPD, XOM, EZPW, FDS, FICO, FAST, FMC, FTNT, FTV, FWRD, GIS, GNW, GPN, GL, GMS, GES, HE, HTLD, HL, HELE, HD, HOV, HUBG, HURC, INCY, INFN, IBP, IIIN, IPI, JKHY, KELYA, KMT, KFRC, LHX, LH, LEG, RAMP, LMT, L, LOW, LXU, MGY, MRO, MKTX, MLM, MA, MTRN, MRCY, MLKN, MS, MOS, NTGR, NEU, NEE, NWPX, NTNX, ORI, ASGN, ORCL, PATK, PRFT, PETS, POR, PINC, PRU, RJF, RTX, RGA, RNG, RES, ^GSPC, SLB, SCHW, SMG, SIGI, SRE, SLGN, STR, SWN, TDOC, TKR, TOL, TREX, UGI, UPS, UNH, VMI, VECO, V, VMC, WRB, WAT, WERN, WU, WEX, WSM, WWW, ITA, IYK, IYE, IDU, DDM, QTEC, FXI, BOTZ, ICF, IEV, IXC, MXI, IGE, ITB, EWK, ECH, EWQ, EWP, EWD, EWL, THD, IBB, PBE, PHO, GLD, XAR, USO. Click this link for details (pattern type, start and end dates).

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

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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 9/5/24. Intraday Market Direction: Nasdaq

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

Not much has happened this week. We see a down-sloping channel, outlined in red, at A.

It would be obvious that down-sloping <anything> would break out upward most often. Here's an example where that's not true. Indeed, we see the index crashing through the bottom of the channel in the last two days.

If I had to guess, I'd say the index will climb some to rejoin the channel before continuing down, following a slope similar to that shown in A.

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Here's a symbol list of 157 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, AEIS, AA, AEE, APH, AR, APA, ATR, ANET, AGO, ATO, AVA, BALL, BKH, BFH, BMY, BG, CAL, CX, CENX, CIEN, CLF, CGNX, CTSH, CMCO, ED, COP, CCRN, CCK, XRAY, DVN, FANG, DDS, DFS, EXP, EOG, FAST, FIVN, FORM, FTNT, FTV, FDP, GFS, GES, HLIT, HE, HQY, HTLD, HL, HSIC, DHI, HOV, HUN, HURC, INCY, IIIN, JAZZ, KMT, KSS, LH, LRCX, LAMR, LEG, LEN, M, MGY, MRO, MLM, MA, MTDR, MTRN, MSFT, MLKN, MOS, MUR, MYGN, NBR, NOV, NWPX, NTNX, OXY, ORCL, OR, PKE, PATK, PTEN, PETS, PINC, PRU, PHM, KWR, RRC, RHI, ROP, SAIA, SLB, SCHW, SIGI, SRE, NOW, SMAR, SWN, TGT, TDOC, TPX, TMO, TKR, UIS, VMI, VECO, VEEV, VMC, WAT, IYM, IYE, IEZ, QTEC, BOTZ, IXC, SOXX, IGE, IEO, EWK, ECH, EEM, EWI, EWP, EWD, EWL, THD, DBA, PXJ, PHO, XLE, USO, 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.

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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 9/4/24. 2024 Forecast Update

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

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I added new stock, ETF, and cryptocurrency tests to the article.

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Here's a symbol list of 106 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ADBE, AEIS, AES, AA, ALGT, DOX, AEE, ATO, BBY, BMRN, BOOT, BMY, CAL, CPB, COR, CNC, CENX, CDAY, CIEN, CTAS, CLF, CLX, CNA, COST, ^DJI, EME, EVRG, FICO, FARO, FIVN, FORM, FTNT, FCX, FDP, GNW, GPRO, THG, HIG, HL, DHI, HOV, HWM, HUN, HURC, IDXX, ILMN, IBP, IPAR, INTU, K, KMB, LRCX, LEN, MANH, MU, MSFT, MCO, MLI, MUR, NBR, NTAP, NEU, NTNX, NVDA, ASGN, OR, PCTY, POR, PGR, PHM, RL, RMBS, RRC, RNG, RHI, ROL, ^GSPC, SLB, SMG, SIGI, SRE, NOW, SCCO, SXI, TXN, VFC, VECO, WAT, XEL, QTEC, FXI, IAT, SOXX, EWY, TUR, USO, 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.

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

Tuesday 9/3/24. Slider Trading Quiz!

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I show another slider trading quiz featuring Yahoo (edition 2) (YHOO) stock.

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Here's a symbol list of 91 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AEIS, AES, AA, ALGT, DOX, AMAT, ATR, ANET, ATO, AXS, BMI, BSET, BIG, BOOT, BMY, CDNS, CAL, CPB, CNC, CDAY, CRL, CLF, CCRN, ELV, FIVN, FORM, FTNT, FWRD, FRD, GD, GIS, GNW, HSII, HOV, HWM, HURC, IDXX, ILMN, INCY, IIIN, IBKR, INTU, ISRG, JNJ, LRCX, M, MANH, MKTX, MRK, MOS, MLI, NBR, NUS, NTNX, ASGN, PKG, PETS, PFE, RNG, ROST, SAIA, SAND, SLB, SEE, SMAR, TDG, UHAL, UIS, UPS, VFC, WAT, WOLF, IYM, IYH, IAT, ILF, EWK, EWZ, EWC, EWJ, EWS, EWP, TUR, USO. Click this link for details (pattern type, start and end dates).

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

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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)