Bulkowski's Blog: ThePatternSite.com
As of 11/21/2025
  Indus: 46,245 +493.15 +1.1%  
  Trans: 16,014 +488.18 +3.1%  
  Utils: 1,107 +2.55 +0.2%  
  Nasdaq: 22,273 +195.03 +0.9%  
  S&P 500: 6,603 +64.23 +1.0%  
YTD
 +8.7%  
 +0.7%  
 +12.6%  
 +15.3%  
 +12.3%  
  Targets    Overview: 11/14/2025  
  Up arrow47,800 or 45,000 by 12/01/2025
  Up arrow16,500 or 15,500 by 12/01/2025
  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 11/21/2025
  Indus: 46,245 +493.15 +1.1%  
  Trans: 16,014 +488.18 +3.1%  
  Utils: 1,107 +2.55 +0.2%  
  Nasdaq: 22,273 +195.03 +0.9%  
  S&P 500: 6,603 +64.23 +1.0%  
YTD
 +8.7%  
 +0.7%  
 +12.6%  
 +15.3%  
 +12.3%  
  Targets    Overview: 11/14/2025  
  Up arrow47,800 or 45,000 by 12/01/2025
  Up arrow16,500 or 15,500 by 12/01/2025
  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

September 2025 Headlines

Archives


Tuesday 9/30/25. Slider Trading Quiz!

The Dow climbed by 0.1% or 68.78 points. Since 10/01/1928 the Dow made 1437 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.5% on 738 occasions.
     Average loss was -0.6% on 699 occasions.
Expect the Dow to close higher 51.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 317/582 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 Standard Pacific: SPF, support and resistance.

$ $ $

Here's a symbol list of 136 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACIW, AFL, AKAM, ALK, ALL, AEO, AMWD, ASH, AVNT, AZTA, BCPC, BZH, BRC, BFH, BCO, BRKR, BG, CDNS, CAL, CHD, CINF, CLNE, CLX, CNO, CMCO, CMTL, CAG, GLW, COTY, CSGS, DTE, ELV, EOG, EXPI, EXPD, FFIV, FAST, FDX, FLS, FNV, GME, GAP, IT, GD, GNW, GL, HBI, HIG, HTLD, HWM, HUN, NSP, IIIN, IBKR, K, KMT, KEYS, KSS, LHX, LRCX, LAMR, LNC, LOW, MTSI, MGY, MANH, MAN, MKTX, MGEE, MLI, NTGR, NWL, NEU, NVDA, OMCL, OMC, ASGN, OR, OXM, PTEN, PCTY, PETS, PPG, PPL, QTWO, RL, RMBS, REGN, RNG, ROG, ROL, SEIC, SCCO, SXI, SCS, SSYS, TGT, TER, TSCO, TG, UNM, VFC, VRSN, WERN, WOLF, WWW, IYE, FTEC, QTEC, IAT, IEV, IXC, MXI, IXN, ILF, IGE, IHI, EWA, EWZ, EWQ, EWS, EWD, PXJ, GLD, 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.

$ $ $

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  44,226.72    
 Monthly S1  45,271.40  1,044.68   
 Weekly S2  45,342.74  71.34   
 Weekly S1  45,829.40  486.66   
 Monthly Pivot  45,992.83  163.43   
 Daily S2  46,046.05  53.22   
 Low  46,149.05  103.00   
 Daily S1  46,181.06  32.01   
 61.8% Down from Intraday High  46,239.97  58.91   
 50% Down from Intraday High  46,268.05  28.09   
 Weekly Pivot  46,271.84  3.78   Yes! The Weekly Pivot is close to the 50% Down from Intraday High.
 Daily Pivot  46,284.06  12.22   Yes! The Daily Pivot is close to the Weekly Pivot.
 38.2% Down from Intraday High  46,296.14  12.08   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Open  46,306.30  10.16   Yes! The Open is close to the 38.2% Down from Intraday High.
 Close  46,316.07  9.77   Yes! The Close is close to the Open.
 High  46,387.06  70.99   
 Daily R1  46,419.07  32.01   
 Daily R2  46,522.07  103.00   
 Weekly R1  46,758.50  236.43   
 Monthly R1  47,037.51  279.00   
 Weekly R2  47,200.94  163.43   
 Monthly R2  47,758.94  558.00   

Monday 9/29/25. Market Monday: The Week Ahead

My Prediction

Picture of the S and P on the daily scale.

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

At A, we see the result of Trump's tariffs. The indices plunged. Because of that big and sharp decline, I think it's the reason for the long upward move.

Of course, the current uptrend will eventually reverse so that you'll see a retrace (from trending up to trending down).

When? I've no idea. Indeed, these uptrends can and do last longer than many expect.

I drew a second line parallel to the curved one. It shows the index bouncing off the top trendline and also bouncing off the bottom line. Both of those touches were in the last week or so.

The channel suggests the index will continue higher and remain within the two parallel lines...until it doesn't. That sounds stupid, but that's how trends behave.

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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 66.27 points.
Tuesday: Down 88.76 points.
Wednesday: Down 171.5 points.
Thursday: Down 173.96 points.
Friday: Up 299.97 points.

For the Week...

The Dow industrials were down 67.98 points or 0.1%.
The Nasdaq composite was down 147.41 points or 0.7%.
The S&P 500 index was down 20.66 points or 0.3%.

Year to Date...

Dow Industrials
     1.0% down from the high of 46,714.27 on 09/23/2025.
     26.3% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     1.4% down from the high of 22,801.90 on 09/22/2025.
     52.1% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     0.8% down from the high of 6,699.52 on 09/23/2025.
     37.4% 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  45,916  46,082  46,217  46,383  46,519 
Weekly  45,320  45,784  46,249  46,713  47,178 
Monthly  44,204  45,226  45,970  46,992  47,736 
S&P500 (^GSPC): Daily  6,588  6,616  6,632  6,660  6,677 
Weekly  6,507  6,575  6,637  6,706  6,768 
Monthly  6,229  6,436  6,568  6,775  6,907 
Nasdaq (^IXIC): Daily  22,216  22,350  22,419  22,553  22,622 
Weekly  21,875  22,179  22,491  22,795  23,107 
Monthly  20,337  21,411  22,106  23,180  23,875 

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 over.

Here's a symbol list of 88 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, ALRM, ALK, ALL, AMWD, AON, AGO, ADSK, AZTA, BMI, BALL, BZH, BFH, BCO, BMY, CSCO, CLNE, CNO, CSGP, COST, COTY, CCRN, CCK, EXP, EMR, EQT, EXPI, XOM, FDP, GAP, HBI, HWM, HUBG, NSP, INTC, IPAR, NTAP, NKE, ORCL, OUT, PLXS, PSTG, QTWO, RGS, RNG, ROG, RES, SAIA, SHOP, SLGN, SCS, SSYS, TRGP, TER, TEVA, TSCO, UIS, UNM, WSO, WOLF, ZBRA, ITA, IYM, IEZ, IHE, ICF, IYH, SLV, IGE, IEO, EWY, EWL, PEJ, PHO, ROBO, XLY, XLE, XLV, 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. Telecom. Equipment2. Telecom. Equipment
3. Semiconductor3. Electronics
4. Electronics4. Semiconductor
5. Metals and Mining (Div.)5. Apparel
6. Apparel6. Metals and Mining (Div.)
7. Retail (Special Lines)7. Furn/Home Furnishings
8. Machinery8. Chemical (Specialty)
9. Securities Brokerage9. Computers and Peripherals
10. Cement and Aggregates10. Diversified Co.
Best Performing AboveWorst Performing Below
50. IT Services50. Information Services
51. Insurance (Diversified)51. Chemical (Basic)
52. Oilfield Svcs/Equipment52. Insurance (Diversified)
53. Information Services53. Natural Gas (Diversified)
54. Chemical (Basic)54. Biotechnology
55. Biotechnology55. Petroleum (Producing)
56. Trucking/Transp. Leasing56. Household Products
57. Household Products57. Oilfield Svcs/Equipment
58. Medical Services58. 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 9/26/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 178 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: A, ALRM, ALK, ALB, ALKS, AEP, AFG, APH, ANIK, AON, ARW, AXS, AZTA, BAX, BZH, BMRN, BKNG, BRC, BFH, CACI, CDNS, CAL, CE, COR, CNP, CHD, CI, CSCO, CLNE, CNX, CL, CAG, CSGP, COST, COTY, CRH, CROX, CTS, DHR, DOV, DTE, DUK, EXP, EMR, EL, EVH, EXPD, XOM, FISV, FIVN, FLEX, FORM, FTNT, FCX, GE, GIS, GGG, GES, HELE, HSY, HWM, HUBG, HUM, HUN, HURC, IDA, IDXX, NSP, PODD, ISRG, JKHY, KBH, KMT, KFRC, KMB, MANH, MTDR, MGEE, NTAP, NJR, NKE, NTNX, OXY, OMCL, ORCL, OUT, OXM, PATK, PAYX, PFE, PNW, PLXS, PPL, PSTG, QTWO, KWR, RL, RJF, RTX, REGN, RNG, RLI, RHI, ROL, ROP, SAND, SMTC, NOW, SHOP, SKYW, SR, SPSC, SSYS, TER, TKR, TJX, TSCO, TRV, TWLO, VMI, VECO, VEEV, WAT, WLK, WOLF, WWW, WWD, ITA, IYM, IYK, IYC, IHE, FXL, BOTZ, IYH, IEV, IGE, IHI, EWA, EWO, EWQ, EWG, EWH, EWI, EWS, EWY, EWP, EWD, EWL, EWT, THD, EWU, PPA, PBE, PEJ, PHO, XLY, XLP, XLB, XAR, 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
DDDFlag, high and tight      08/01/202509/24/2025Electronics
ABMTriple top      07/10/202508/22/2025Industrial Services
AESDouble Bottom, Adam and Adam      09/04/202509/17/2025Electric Utility (East)
ADouble Top, Adam and Adam      09/05/202509/17/2025Precision Instrument
APDDouble Top, Eve and Adam      07/23/202508/22/2025Chemical (Diversified)
AKAMDouble Top, Adam and Eve      08/29/202509/08/2025E-Commerce
AGOBroadening bottom      08/22/202509/24/2025Insurance (Life)
BKHDouble Bottom, Eve and Eve      09/09/202509/18/2025Electric Utility (West)
BFHDouble Top, Adam and Adam      08/29/202509/05/2025Information Services
BLDRDouble Top, Adam and Adam      09/05/202509/11/2025Retail Building Supply
BGHead-and-shoulders top      08/12/202509/08/2025Food Processing
CORUgly double bottom      08/06/202508/26/2025Biotechnology
CHDDouble Top, Eve and Adam      08/22/202509/05/2025Household Products
CIDouble Top, Adam and Eve      08/22/202509/12/2025Medical Services
CINFDiamond top      08/26/202509/25/2025Insurance (Prop/Casualty)
CLXDouble Top, Adam and Adam      09/05/202509/17/2025Household Products
COPDouble Bottom, Adam and Adam      09/08/202509/22/2025Petroleum (Integrated)
COTYHorn top      09/02/202509/15/2025Toiletries/Cosmetics
CRTriple top      09/05/202509/19/2025Diversified Co.
DTEDouble Bottom, Eve and Eve      09/08/202509/16/2025Electric Utility (Central)
DUKDouble Bottom, Eve and Eve      09/08/202509/18/2025Electric Utility (East)
EOGPipe top      08/25/202509/02/2025Natural Gas (Distributor)
EXCDouble Bottom, Eve and Eve      09/08/202509/18/2025Electric Utility (East)
FCXTriangle, symmetrical      09/05/202509/23/2025Metals and Mining (Div.)
GISDouble Bottom, Eve and Eve      08/28/202509/17/2025Food Processing
HBIHead-and-shoulders bottom      08/21/202509/15/2025Apparel
HTLDRectangle top      08/22/202509/25/2025Trucking/Transp. Leasing
HSICDouble Top, Eve and Adam      08/22/202509/10/2025Medical Supplies
HUBGDouble Top, Adam and Adam      09/05/202509/17/2025Trucking/Transp. Leasing
IDXXBroadening bottom      08/22/202509/19/2025Drug
IBPBroadening top      08/13/202509/05/2025Retail Building Supply
INTUDouble Bottom, Adam and Eve      08/22/202509/15/2025Computer Software and Svcs
KBHDouble Top, Eve and Adam      09/05/202509/17/2025Homebuilding
LHXDouble Bottom, Eve and Eve      08/11/202509/09/2025Aerospace/Defense
MHODouble Top, Eve and Adam      09/05/202509/17/2025Homebuilding
MANHRectangle bottom      08/01/202509/25/2025IT Services
MASDouble Top, Adam and Adam      08/22/202509/05/2025Building Materials
NFGTriple bottom      08/01/202509/08/2025Natural Gas (Diversified)
NEEDouble Bottom, Eve and Adam      09/08/202509/18/2025Electric Utility (East)
ASGNTriple top      08/25/202509/09/2025Human Resources
OUTHead-and-shoulders top      09/09/202509/23/2025Advertising
PORDouble Bottom, Adam and Adam      09/09/202509/16/2025Electric Utility (West)
PPLDouble Bottom, Eve and Eve      09/10/202509/18/2025Electric Utility (East)
PGTriple top      08/20/202509/17/2025Household Products
QTWODouble Top, Eve and Eve      09/10/202509/17/2025E-Commerce
KWRTriangle, symmetrical      08/26/202509/19/2025Chemical (Specialty)
RHIDouble Top, Eve and Adam      08/22/202509/05/2025Human Resources
CRMTriangle, symmetrical      09/03/202509/25/2025E-Commerce
SSYSUgly double bottom      08/14/202509/10/2025Electronics
TECHPipe top      07/21/202507/28/2025Biotechnology
TERPipe bottom      09/08/202509/15/2025Semiconductor Cap Equip.
MZTIHead-and-shoulders complex top      07/23/202509/11/2025Food Processing
TMODouble Top, Eve and Adam      08/22/202509/05/2025Precision Instrument
VCHead-and-shoulders top      08/27/202509/17/2025Electronics
WSOTriangle, symmetrical      09/12/202509/25/2025Retail Building Supply
WLKTriple top      08/22/202509/17/2025Chemical (Basic)
XELDouble Bottom, Eve and Eve      09/09/202509/18/2025Electric Utility (West)
ZBRAPipe bottom      09/02/202509/08/2025Computers and Peripherals

 

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Thursday 9/25/25. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.3% or -75.61 points. Since 02/05/1971 the Nasdaq made 559 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.0% on 305 occasions.
     Average loss was -1.0% on 254 occasions.
Expect the Nasdaq to close higher 54.6% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 301/541 or 55.6% of the time.
     The prediction of the Nasdaq closing lower has been right 87/180 or 48.3% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

I show a picture of the Nasdaq composite with 5-days of data.

There's not a lot to say about this chart. I drew two red trendlines at B and C to show how momentum increased (meaning the slope increased from B to C).

Green line D connects the peaks and suggests there's resistance that could stop a rise at A. However, due to volatility, I wouldn't put a lot of faith that the index will remain below the green line.

$ $ $

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: AFL, ALKS, ALGT, AIG, APH, ANIK, AMAT, ACGL, AGO, AVNT, AZTA, BMI, BZH, BAH, BFH, BCO, CALM, CNC, CNP, CGNX, CSGP, COTY, CROX, CTS, CW, DSGR, EBAY, ECL, ELV, EVH, XOM, FIVN, FLEX, FLS, FTNT, FCX, FDP, GD, GE, GGG, GES, HLIT, HTLD, HSII, HNI, HWM, HUBG, IIIN, ITGR, ISRG, KALU, LHX, LEG, RAMP, LMT, LPLA, MAN, MTRN, MRCY, MS, NFG, NTAP, NEU, NUS, NTNX, OLN, OMCL, ASGN, OUT, PAYX, PETS, PFE, PNW, PLXS, PPL, PGR, PSTG, QTWO, QCOM, RJF, RGS, RLI, R, SAIC, SGI, SCCO, LUV, SR, SSYS, TECH, TER, TXT, TJX, TSCO, VMI, XEL, ITA, IAI, IHE, ICF, IAT, IYZ, IEO, EWA, EWC, EWH, EPP, EWL, THD, PPA, PBE, PEJ, XLB, XAR, 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 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  20,277.20    
 Monthly S1  21,387.53  1,110.33   
 Weekly S2  21,814.44  426.91   
 Monthly Pivot  22,016.32  201.88   
 Weekly S1  22,156.15  139.83   
 Daily S2  22,256.99  100.84   
 Daily S1  22,377.42  120.44   
 Low  22,397.00  19.58   Yes! The Low is close to the Daily S1.
 Weekly Pivot  22,400.63  3.63   Yes! The Weekly Pivot is close to the Low.
 61.8% Down from Intraday High  22,496.49  95.86   
 Close  22,497.86  1.37   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  22,517.44  19.58   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  22,527.22  9.79   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  22,557.96  30.73   
 Daily R1  22,637.87  79.91   
 Open  22,656.00  18.13   Yes! The Open is close to the Daily R1.
 High  22,657.45  1.45   Yes! The High is close to the Open.
 Weekly R1  22,742.34  84.89   
 Daily R2  22,777.89  35.55   
 Weekly R2  22,986.82  208.93   
 Monthly R1  23,126.65  139.83   
 Monthly R2  23,755.44  628.79   

Wednesday 9/24/25. 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.

Look at the inset and you'll understand why the indicator has been switching from neutral to bearish the last three weeks (give or take).

An indicator reading of 35 and below is bearish, so the CPI moving up and down, cycling around that threshold, causes a signal change. The most recent signal is 37, which is neutral. I show that with a white vertical bar on the far right of the chart.

I think the CPI continues to warn of market weakness. That could change if the market were to make a big advance or a big one-day decline. Those kinds of swift and steep moves can cause prior signal changes for up to a week, so keep that in mind.

$ $ $

Here's a symbol list of 151 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ANF, ACN, AEIS, ALRM, AA, ALKS, DOX, AME, AMN, ANIK, AR, APOG, ARW, ASH, AGO, AVNT, AZTA, BMI, BALL, BSET, BZH, BA, BMY, BLDR, CACI, CALM, CAL, CHD, CLF, CGNX, CSGP, COTY, CCK, CSGS, XRAY, DSGR, D, EMR, EPAM, EQT, EXPD, FDS, FIVN, FLS, FMC, FTNT, FDP, GE, GILD, HBI, HLIT, HSII, HD, HOV, HWM, IPI, ISRG, JKHY, KBH, LZB, LAMR, LEG, RAMP, LMT, MANH, MRTN, MLM, MA, MTRN, MRCY, MCO, MOS, MUR, MYGN, NBR, NTAP, NUS, OLN, OMCL, ASGN, ON, POR, PPL, PGR, QTWO, RNG, RHI, ROL, CRM, SMG, SEIC, SRE, SCCO, LUV, SPSC, SCS, SSYS, TECH, TDOC, TER, TXT, TSCO, TDG, V, WLK, WEX, WMB, WOLF, ITA, IAI, IYK, FXL, FXI, IHF, IYZ, IXN, ILF, IEO, EWC, EWQ, EWH, EPP, EZA, EWD, THD, EWU, PBE, GLD, XHB, XAR, 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.

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

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Tuesday 9/23/25. Slider Trading Quiz!

The Dow climbed by 0.1% or 66.27 points. Since 10/01/1928 the Dow made 1436 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.5% on 738 occasions.
     Average loss was -0.6% on 698 occasions.
Expect the Dow to close higher 51.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 317/581 or 54.6% 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 Standex International: SXI, support and resistance.

$ $ $

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: DDD, ANF, ACIW, ADBE, ADTN, AEIS, APD, ALL, AMWD, ANIK, APOG, AAPL, AMAT, ARCB, ADM, ADP, AVY, AVNT, BALL, BZH, BMRN, BKNG, BMY, BRKR, BLDR, BG, CALM, CNC, CHD, CNO, CGNX, CXW, CSGP, CR, CROX, CCK, CW, DVN, DDS, BOOM, EBAY, ELV, EOG, EL, EVH, EXPI, EXPD, EZPW, FIVN, FMC, GAP, IT, GIS, GGG, HBI, HQY, HP, HD, DHI, HOV, HUBG, ITW, INTU, JKHY, KALU, KBH, KLAC, LH, LRCX, LEG, LDOS, LEN, RAMP, M, MAS, MTRN, MLKN, ^IXIC, NKE, OXY, OLN, OR, OXM, PAYX, PFE, PINC, KWR, QCOM, DGX, RL, RJF, RTX, SAIA, SMG, SEIC, SR, TDY, TDC, TER, TKR, TSCO, TZOO, UIS, VFC, VEEV, VC, WLK, WEX, ZBRA, ITA, IAI, IYK, QTEC, FXL, BOTZ, SLV, IEO, ITB, EWH, EWM, EWL, TUR, DBA, PXJ, XLP, XLE, XHB, XLB, XRT, 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), 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  43,968.24    
 Monthly S1  45,174.89  1,206.65   
 Weekly S2  45,419.43  244.54   
 Monthly Pivot  45,785.68  366.25   
 Daily S2  45,876.87  91.19   
 Weekly S1  45,900.48  23.62   Yes! The Weekly S1 is close to the Daily S2.
 Low  46,035.83  135.34   
 Daily S1  46,129.20  93.38   
 Weekly Pivot  46,148.48  19.27   Yes! The Weekly Pivot is close to the Daily S1.
 61.8% Down from Intraday High  46,192.95  44.47   
 Open  46,206.70  13.75   Yes! The Open is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  46,241.48  34.78   Yes! The 50% Down from Intraday High is close to the Open.
 Daily Pivot  46,288.17  46.69   
 38.2% Down from Intraday High  46,290.01  1.84   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  46,381.54  91.53   
 High  46,447.13  65.59   
 Daily R1  46,540.50  93.38   
 Weekly R1  46,629.54  89.03   
 Daily R2  46,699.46  69.93   
 Weekly R2  46,877.53  178.06   
 Monthly R1  46,992.33  114.80   
 Monthly R2  47,603.12  610.79   

Monday 9/22/25. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

This is a chart of the Nasdaq composite on the daily scale.

I drew a red curving trendline that looks like an exponential move upward.

At A, the index follows a channel. All I can say about channels is that the index will remain inside the boundary until it doesn't. That sounds dumb, doesn't it?

The index is approaching the top of the channel. The index can bounce off the top red trendline or punch through it. It could, of course, slid along it. My guess is that it will push through the top channel line, probably sometime this week.

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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 49.23 points.
Tuesday: Down 125.55 points.
Wednesday: Up 260.42 points.
Thursday: Up 124.1 points.
Friday: Up 172.85 points.

For the Week...

The Dow industrials were up 481.05 points or 1.0%.
The Nasdaq composite was up 490.38 points or 2.2%.
The S&P 500 index was up 80.07 points or 1.2%.

Year to Date...

Dow Industrials
     0.2% down from the high of 46,396.47 on 09/19/2025.
     26.5% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     0.1% down from the high of 22,645.11 on 09/19/2025.
     53.1% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     0.1% down from the high of 6,671.82 on 09/19/2025.
     37.8% 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  45,981  46,148  46,272  46,439  46,564 
Weekly  45,397  45,856  46,126  46,585  46,855 
Monthly  43,946  45,131  45,764  46,948  47,581 
S&P500 (^GSPC): Daily  6,614  6,639  6,655  6,681  6,697 
Weekly  6,508  6,586  6,629  6,707  6,750 
Monthly  6,232  6,448  6,560  6,776  6,888 
Nasdaq (^IXIC): Daily  22,444  22,538  22,591  22,685  22,739 
Weekly  21,859  22,245  22,445  22,831  23,031 
Monthly  20,322  21,477  22,061  23,216  23,800 

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 over.

Here's a symbol list of 145 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ADBE, AEIS, APD, AKAM, ALRM, DOX, AEP, AFG, AMWD, AR, APOG, ARCB, ASH, ADP, AVY, AVNT, AXS, BALL, BAX, BMRN, BAH, BMY, BRKR, BLDR, CALM, CHD, CLNE, CNA, CTSH, CL, CMTL, CSGP, CR, CCK, CTS, CW, DHR, DOV, BOOM, EXP, EOG, EFX, EL, EVH, EXPI, EXPD, FLS, FTNT, FNV, GAP, GFS, GFF, HBI, HLIT, HE, HQY, HTLD, HELE, HOLX, DHI, HUM, ITW, IIIN, JKHY, JAZZ, KALU, KELYA, KMB, LZB, LLY, MGY, MAS, MTDR, MTRN, MTRX, MLKN, ^IXIC, NFG, NUS, OXY, OMC, ASGN, OR, PKE, PATK, PAYX, PETS, PFE, POR, QTWO, KWR, QCOM, RLI, RHI, RCKY, SAIA, SLB, SMTC, SWX, SXI, TRGP, TGT, TDOC, TDC, TKR, RIG, TZOO, UIS, UPS, VFC, VC, WAT, WEX, WOLF, ZBRA, FXI, IYH, IHF, MXI, SLV, IEO, EWO, THD, XRT, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Semiconductor Cap Equip.1. Electronics
2. Telecom. Equipment2. Semiconductor Cap Equip.
3. Electronics3. Telecom. Equipment
4. Semiconductor4. Semiconductor
5. Apparel5. Apparel
6. Metals and Mining (Div.)6. Homebuilding
7. Furn/Home Furnishings7. Internet
8. Chemical (Specialty)8. Securities Brokerage
9. Computers and Peripherals9. Cement and Aggregates
10. Diversified Co.10. Chemical (Specialty)
Best Performing AboveWorst Performing Below
50. Information Services50. Trucking/Transp. Leasing
51. Chemical (Basic)51. Insurance (Diversified)
52. Insurance (Diversified)52. IT Services
53. Natural Gas (Diversified)53. Petroleum (Producing)
54. Biotechnology54. Toiletries/Cosmetics
55. Petroleum (Producing)55. Precision Instrument
56. Household Products56. Household Products
57. Oilfield Svcs/Equipment57. Medical Services
58. Medical Services58. Biotechnology
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 9/19/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 102 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, AEIS, AMD, ALRM, ALK, AEE, AEP, AR, AAPL, AMAT, ARW, BALL, BKNG, BMY, BRKR, CX, CDAY, CNA, CXW, CR, CSGS, DDS, DSGR, D, DUK, EFX, EVH, EXPD, EZPW, FIS, FISV, FLEX, FORM, IT, DHI, HWM, HURC, IDA, INTC, IRM, JKHY, KMB, KLAC, LH, LRCX, LAMR, MTSI, MGY, MU, MLKN, ^IXIC, NOVT, NVDA, OXY, RJF, RCKY, SLB, SAIC, SEIC, SMTC, SCI, TDY, TER, TTD, TZOO, TG, UNH, VECO, WU, WLK, WOLF, ZBRA, IAI, DDM, FTEC, FDN, QTEC, FXL, QQQ, IGV, IXN, SOXX, IEO, IYF, EWK, EIS, TUR, QLD, DBA, ROBO, XLF, XLB, XAR, XLK, SMH, 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), Orb Foresight (#Ad)

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ANFHead-and-shoulders top      07/29/202508/25/2025Apparel
ADBEDouble Bottom, Eve and Adam      08/12/202509/04/2025Computer Software and Svcs
ALKDouble Top, Eve and Adam      09/04/202509/12/2025Air Transport
ACGLDouble Top, Adam and Eve      08/22/202509/04/2025Insurance (Prop/Casualty)
ADSKTriple bottom      07/11/202508/26/2025Computer Software and Svcs
AVNTDouble Top, Adam and Adam      08/26/202509/05/2025Chemical (Specialty)
AXSTriple top      08/22/202509/12/2025Insurance (Prop/Casualty)
BADouble Top, Eve and Eve      08/15/202509/02/2025Aerospace/Defense
BSXDouble Top, Adam and Eve      07/23/202509/09/2025Medical Services
CBTHead-and-shoulders top      08/13/202509/05/2025Chemical (Diversified)
CNXHead-and-shoulders bottom      08/04/202509/10/2025Natural Gas (Diversified)
CRHRoof, inverted      08/13/202509/18/2025Cement and Aggregates
XRAYDouble Top, Adam and Adam      08/22/202509/05/2025Medical Supplies
FANGPipe top      08/25/202509/02/2025Petroleum (Producing)
EGTriple top      08/22/202509/15/2025Insurance (Prop/Casualty)
EVHHorn top      08/25/202509/08/2025Healthcare Information
FIVNTriangle, descending      08/21/202509/18/2025Computer Software and Svcs
GILDHead-and-shoulders top      07/25/202509/11/2025Biotechnology
THGDouble Top, Adam and Adam      09/04/202509/11/2025Insurance (Prop/Casualty)
HIGDouble Top, Adam and Adam      08/22/202509/04/2025Insurance (Prop/Casualty)
HQYDouble Bottom, Adam and Adam      09/05/202509/16/2025Healthcare Information
ILMNDouble Bottom, Adam and Eve      09/04/202509/10/2025Biotechnology
MOSUgly double bottom      08/06/202509/09/2025Chemical (Diversified)
NKEDouble Top, Eve and Eve      07/28/202508/25/2025Shoe
NOVTHead-and-shoulders bottom      08/07/202509/17/2025Precision Instrument
PATKDouble Top, Eve and Adam      08/22/202509/05/2025Retail Building Supply
PYPLHead-and-shoulders bottom      09/04/202509/16/2025Financial Services
SCCOHorn bottom      08/18/202509/02/2025Metals and Mining (Div.)
SXIDouble Bottom, Adam and Adam      09/03/202509/09/2025Diversified Co.
TRVDiamond top      08/21/202509/18/2025Insurance (Prop/Casualty)
TREXTriple top      08/13/202509/05/2025Building Materials
VFCBroadening top, right-angled and descending      08/28/202509/18/2025Apparel
WWWDouble Top, Eve and Eve      08/27/202509/05/2025Shoe

 

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Thursday 9/18/25. Intraday Market Direction: Nasdaq

The Nasdaq dropped by -0.3% or -72.63 points. Since 02/05/1971 the Nasdaq made 558 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 1.0% on 304 occasions.
     Average loss was -1.0% on 254 occasions.
Expect the Nasdaq to close higher 54.5% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 300/540 or 55.6% of the time.
     The prediction of the Nasdaq closing lower has been right 87/180 or 48.3% of the time.

$ $ $

Picture of the Nasdaq composite on the 1 minute scale.

I show a picture of the Nasdaq composite on the 1-minute scale.

The day progressed slowly by the index moving sideways until the FED released news of its meeting (if it happened on time, at 2:00, three minutes before point A).

At 2:03, at A, the index peaked but it was a fake move. The index tumbled about 250 points after the announcement, to B. And then the index recovered, whipping traders violently, ending the day 72 points lower than where it started.

The S&P closed lower, too, but the Dow was up 260 points, which I consider a strong showing.

Because of the volatility of today's movement, it's difficult to gauge what the coming days will bring. I will say that the general market is weak (as judged by the Chart Pattern Indicator, with has a bearish reading at 19.4), so maybe we'll see the indices drop.

$ $ $

Here's a symbol list of 108 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, AMD, AKAM, ALRM, AA, ALKS, AXP, AR, ATR, ASH, BALL, BAX, BZH, BRKR, BBW, CACI, CPB, CENX, CDAY, CIEN, CLNE, CGNX, ED, CR, CSGS, CMI, ^DJU, DOV, EVH, XOM, FDS, FLEX, FTV, IT, GD, HBI, HTLD, HELE, HD, DHI, HUBG, HUM, JBHT, HUN, HURC, IEX, IBP, IRM, K, KEYS, LZB, LEG, LEN, LNC, LMT, LOW, MAN, MTRN, NWPX, NOVT, NUS, OMCL, PNW, RGA, R, SLB, SEIC, SCI, SR, SXI, SCS, TRGP, TGT, TECH, TDOC, TXT, TKR, RIG, UHAL, UIS, VMI, WLK, WEX, WWW, WDAY, ZBRA, ITA, IDU, FXI, SOXX, EWQ, EIS, EWM, EPP, EWD, TUR, XLF, XLI, XAR, VIS. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), 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  20,506.87    
 Monthly S1  21,384.10  877.23   
 Weekly S2  21,607.52  223.42   
 Monthly Pivot  21,783.22  175.70   
 Weekly S1  21,934.43  151.21   
 Daily S2  21,939.31  4.88   Yes! The Daily S2 is close to the Weekly S1.
 Weekly Pivot  22,058.38  119.07   
 Low  22,058.92  0.54   Yes! The Low is close to the Weekly Pivot.
 Daily S1  22,100.32  41.40   
 61.8% Down from Intraday High  22,166.12  65.80   
 50% Down from Intraday High  22,199.23  33.11   
 Daily Pivot  22,219.93  20.70   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  22,232.34  12.41   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  22,261.33  28.99   
 Open  22,322.27  60.94   
 High  22,339.54  17.27   Yes! The High is close to the Open.
 Daily R1  22,380.94  41.40   
 Weekly R1  22,385.29  4.35   Yes! The Weekly R1 is close to the Daily R1.
 Daily R2  22,500.55  115.26   
 Weekly R2  22,509.24  8.69   Yes! The Weekly R2 is close to the Daily R2.
 Monthly R1  22,660.45  151.21   
 Monthly R2  23,059.57  399.12   

Wednesday 9/17/25. 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 most recent signal, shown as a vertical red bar on the far right of the chart, is bearish, at 30.9. It has been bearish for just a few days, so the signal can change for up to a week.

The inset shows that the CPI has been trending sideways for about two weeks now. Because it's bearish, I'm assuming that it'll remain bearish.

Tomorrow (Wednesday), the FED will probably drop interest rates a quarter percent. My guess is that the market will drop on the news, sending the CPI even lower.

$ $ $

About a week ago, I released two new studies, one of the golden cross and one on the death cross. They are related.

$ $ $

Here's a symbol list of 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AEIS, AMD, AA, ALKS, AEE, AEP, AIG, APOG, AMAT, ASH, AIZ, BMI, BALL, BKNG, BRKR, CACI, CLS, CX, CINF, CLNE, CNA, CMCO, DSGR, ^DJI, DTE, DUK, BOOM, ECL, EIX, EOG, EFX, EVH, EXPI, XOM, FLEX, FMC, FORM, FWRD, GD, GE, GIS, GNW, GILD, HE, HTLD, HOLX, HD, DHI, HUBG, IPI, JKHY, K, KMB, KSS, KLIC, LHX, LEN, LLY, LNC, LOW, LPLA, LXU, M, NUS, OR, OUT, PAYX, PNW, REGN, RGS, RLI, RGLD, RES, SCHW, SAIC, SGI, SCCO, SRDX, TRGP, RIG, TREX, UNH, VMI, WMT, WU, WSM, WSC, WOLF, WDAY, ZBRA, IYE, FTEC, QTEC, FXI, IAT, IXC, MXI, SOXX, IGE, IEO, EWZ, EEM, EWQ, EWM, EWY, EWD, EWT, THD, TUR, QLD, XLI, XAR, USO, SMH, 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 9/16/25. Slider Trading Quiz!

The Dow climbed by 0.1% or 49.23 points. Since 10/01/1928 the Dow made 1435 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.5% on 738 occasions.
     Average loss was -0.6% on 697 occasions.
Expect the Dow to close higher 51.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 317/580 or 54.7% 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 Standex International: SXI (2) stock.

$ $ $

Here's a symbol list of 117 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, ANF, ACIW, ADTN, AEIS, ALB, AA, ALKS, AEO, AMN, APH, ARCB, ASH, AIZ, BALL, CHKP, CINF, CLF, CMCO, CMTL, DVN, DDS, ^DJU, DUK, EIX, EOG, EL, EXPI, FDX, FMC, FWRD, FNV, FCX, FDP, GNW, GFS, GOOGL, HE, HL, HOLX, HUN, IBKR, IRM, JKHY, KMB, LHX, RAMP, LPLA, LXU, M, MDT, META, MUR, ^IXIC, NI, OTEX, ORCL, PAYX, PNW, PFG, RJF, REGN, ^GSPC, SAND, SEE, SMTC, SCCO, TRGP, TXN, RIG, WPM, WSM, WOLF, ITA, IYC, IEZ, FXI, QQQ, IAT, IEV, IGV, ILF, SOXX, IEO, IHI, EWA, EEM, EWQ, EWI, EPP, EWY, EWP, EWD, QLD, DBA, SSO, XLY, SPY, UNG, 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 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  43,084.76    
 Monthly S1  44,484.11  1,399.34   
 Weekly S2  44,906.66  422.55   
 Monthly Pivot  45,310.65  404.00   
 Weekly S1  45,395.05  84.40   
 Daily S2  45,671.37  276.32   
 Weekly Pivot  45,766.13  94.75   
 Low  45,771.88  5.75   Yes! The Low is close to the Weekly Pivot.
 Daily S1  45,777.41  5.53   Yes! The Daily S1 is close to the Low.
 Open  45,848.40  70.99   
 61.8% Down from Intraday High  45,850.78  2.38   Yes! The 61.8% Down from Intraday High is close to the Open.
 50% Down from Intraday High  45,875.16  24.38   
 Daily Pivot  45,877.92  2.77   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  45,883.45  5.53   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  45,899.53  16.08   Yes! The 38.2% Down from Intraday High is close to the Close.
 High  45,978.43  78.90   
 Daily R1  45,983.96  5.53   Yes! The Daily R1 is close to the High.
 Daily R2  46,084.47  100.51   
 Weekly R1  46,254.52  170.05   
 Weekly R2  46,625.60  371.07   
 Monthly R1  46,710.00  84.40   
 Monthly R2  47,536.54  826.55   

Monday 9/15/25. Market Monday: The Week Ahead

A friend of mine has cancer. Almost 70,000 people visited this website in August. If we all get together and pray for her, maybe we can make a difference. Send your prayers to Mrs. P.

$ $ $

My Prediction

Picture of the Dow industrials on the daily scale.

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

I drew the red trendlines, connecting the points with straight segments instead of a curved line.

Notice the difference in slope from B to A (a steeper slope), suggesting the market is getting more excited.

I also highlight a double top chart pattern at CD It confirmed as valid when the index closed below the lowest valley between the two peaks (E, the green line). That happens at F. However, the drop wasn't far and the index climbed to bust the downward breakout when it closed above the top of the chart pattern.

Based on the chart, it looks to me like the uptrend will continue.

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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 114.09 points.
Tuesday: Up 196.39 points.
Wednesday: Down 220.42 points.
Thursday: Up 617.08 points.
Friday: Down 273.78 points.

For the Week...

The Dow industrials were up 433.36 points or 1.0%.
The Nasdaq composite was up 440.71 points or 2.0%.
The S&P 500 index was up 102.79 points or 1.6%.

Year to Date...

Dow Industrials
     0.7% down from the high of 46,137.20 on 09/11/2025.
     25.2% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     0.2% down from the high of 22,182.34 on 09/12/2025.
     49.8% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     0.2% down from the high of 6,600.21 on 09/12/2025.
     36.2% 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  45,645  45,740  45,908  46,003  46,172 
Weekly  44,890  45,362  45,750  46,222  46,609 
Monthly  43,068  44,451  45,294  46,677  47,520 
S&P500 (^GSPC): Daily  6,567  6,576  6,588  6,597  6,609 
Weekly  6,439  6,512  6,556  6,629  6,673 
Monthly  6,253  6,419  6,509  6,675  6,766 
Nasdaq (^IXIC): Daily  21,968  22,054  22,118  22,205  22,269 
Weekly  21,567  21,854  22,018  22,305  22,469 
Monthly  20,467  21,304  21,743  22,580  23,019 

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 over.

Here's a symbol list of 99 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ACN, ACIW, AEIS, AFL, AA, AXP, AMN, AR, APA, APOG, AWI, ATO, BBY, CENX, COP, CCRN, DVN, FANG, BOOM, ELV, EOG, EL, FFIV, FLS, FORM, FTNT, GME, GNW, GFS, GFF, HE, HELE, HP, HOLX, ILMN, IIIN, IPAR, JBLU, KMT, LEN, RAMP, MGY, MANH, MAN, MRTN, NFG, NWPX, OXY, OMCL, OTEX, ORCL, PKE, PCTY, PFG, RRC, RJF, RGA, ROK, ROG, ROL, RES, SAIC, SCCO, SPSC, TECH, TDC, TDG, RIG, WSM, WOLF, IEZ, IHE, FXL, SLV, IEO, IYF, EWM, QLD, PBE, PXJ, PJP, GLD, SMH, 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 below industries were the best (rank 1) or worst performing of those I follow.

This WeekLast Week
1. Electronics1. Electronics
2. Semiconductor Cap Equip.2. Semiconductor
3. Telecom. Equipment3. Homebuilding
4. Semiconductor4. Semiconductor Cap Equip.
5. Apparel5. Cement and Aggregates
6. Homebuilding6. Telecom. Equipment
7. Internet7. Metals and Mining (Div.)
8. Securities Brokerage8. Internet
9. Cement and Aggregates9. Furn/Home Furnishings
10. Chemical (Specialty)10. Apparel
Best Performing AboveWorst Performing Below
50. Trucking/Transp. Leasing50. Insurance (Diversified)
51. Insurance (Diversified)51. Chemical (Diversified)
52. IT Services52. Precision Instrument
53. Petroleum (Producing)53. IT Services
54. Toiletries/Cosmetics54. Toiletries/Cosmetics
55. Precision Instrument55. Trucking/Transp. Leasing
56. Household Products56. Biotechnology
57. Medical Services57. Household Products
58. Biotechnology58. 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 9/12/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 118 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ADTN, AEIS, A, ALGT, ALL, AEO, AFG, AME, AMN, ARCB, AGO, ADP, BCPC, BSET, BAX, BZH, CBT, CAL, CNC, CLF, CNO, CMCO, CXW, COTY, CCRN, CSGS, CTS, CW, EIX, EMR, EOG, EL, FDX, GD, GES, HE, IEX, KLAC, LHX, LH, LRCX, LAMR, LDOS, LMT, MANH, MDT, MU, MYGN, NTNX, OXY, ORCL, PTEN, PETS, PLXS, PFG, PGR, KWR, REGN, RNG, ROK, ROL, SEE, SCI, SCCO, SNPS, MZTI, TMO, RIG, TZOO, TG, UHAL, UGI, UIS, VFC, VRTX, VMC, WAT, WLK, WEX, WSM, IYM, FXI, IEV, MXI, SOXX, IYF, EWA, EEM, EWQ, EWH, EWI, EWJ, EWM, EWW, EWS, EWY, EWL, THD, QLD, PXJ, PJP, PHO, ROBO, UNG, 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
ABMDouble Top, Adam and Eve      08/13/202508/22/2025Industrial Services
AEISDouble Bottom, Adam and Eve      08/20/202509/02/2025Semiconductor
AMDDouble Top, Eve and Adam      07/29/202508/13/2025Semiconductor
ALRMDouble Top, Adam and Adam      08/22/202508/29/2025Computer Software and Svcs
ALBDouble Top, Adam and Adam      08/11/202508/27/2025Chemical (Diversified)
AEEDouble Top, Eve and Adam      08/04/202508/20/2025Electric Utility (Central)
AMEHead-and-shoulders bottom      08/08/202508/21/2025Industrial Services
APOGHead-and-shoulders top      08/13/202509/05/2025Building Materials
ADPHead-and-shoulders top      07/01/202508/20/2025IT Services
BCPCHead-and-shoulders top      08/13/202509/05/2025Chemical (Specialty)
BKHDouble Top, Adam and Adam      08/14/202508/20/2025Electric Utility (West)
BRDouble Bottom, Adam and Adam      09/03/202509/10/2025Information Services
CNCUgly double bottom      08/07/202508/28/2025Medical Services
CNADouble Top, Adam and Eve      08/22/202508/29/2025Insurance (Prop/Casualty)
CTSHDouble Top, Eve and Adam      08/22/202509/05/2025IT Services
CSGPDouble Top, Adam and Adam      08/22/202509/05/2025Information Services
CCRNDead-cat bounce      09/11/202509/11/2025Human Resources
CSGSTriple bottom      07/15/202508/21/2025IT Services
CMITriple bottom      08/21/202509/09/2025Machinery
BOOMUgly double bottom      08/08/202508/28/2025Metal Fabricating
EMNDouble Top, Adam and Adam      08/29/202509/05/2025Chemical (Diversified)
EPAMDouble Top, Adam and Eve      08/22/202508/29/2025IT Services
ELDouble Top, Adam and Adam      07/31/202508/13/2025Toiletries/Cosmetics
FLEXBroadening bottom      08/04/202508/20/2025Electronics
ITDouble Top, Eve and Eve      08/22/202508/29/2025IT Services
GPNHead-and-shoulders top      08/15/202509/05/2025Computer Software and Svcs
HLFlag, high and tight      08/01/202509/11/2025Metals and Mining (Div.)
HUNDiamond top      08/25/202509/11/2025Chemical (Specialty)
ITGRTriple top      07/30/202508/22/2025Electronics
IPGDouble Top, Eve and Adam      08/22/202509/05/2025Advertising
KLICUgly double bottom      08/06/202508/20/2025Semiconductor Cap Equip.
LXUHead-and-shoulders top      08/26/202509/08/2025Building Materials
MTRXDouble Top, Adam and Eve      07/30/202508/28/2025Oilfield Svcs/Equipment
MUDouble Bottom, Adam and Adam      08/20/202509/02/2025Semiconductor
MLKNHead-and-shoulders top      08/13/202509/05/2025Furn/Home Furnishings
MOSDouble Top, Adam and Adam      08/25/202508/29/2025Chemical (Diversified)
MYGNFlag, high and tight      08/01/202509/11/2025Biotechnology
^IXICDouble Bottom, Adam and Adam      08/20/202509/02/2025None
NEEDouble Top, Adam and Eve      07/23/202508/21/2025Electric Utility (East)
NVDATriple top      07/31/202508/28/2025Semiconductor
OGETriple top      07/23/202508/14/2025Electric Utility (Central)
OMCDouble Top, Eve and Adam      08/22/202509/05/2025Advertising
OXMDouble Bottom, Eve and Adam      06/25/202508/01/2025Apparel
PNWDouble Top, Adam and Adam      07/23/202508/07/2025Electric Utility (West)
PPLDouble Top, Eve and Adam      08/14/202508/20/2025Electric Utility (East)
DGXDouble Bottom, Adam and Adam      08/25/202509/03/2025Medical Services
RGSDouble Bottom, Adam and Adam      08/01/202508/20/2025Toiletries/Cosmetics
SCHWDouble Top, Adam and Adam      07/29/202508/13/2025Securities Brokerage
SHWDouble Top, Adam and Adam      08/22/202509/05/2025Chemical (Basic)
SNPSDead-cat bounce      09/10/202509/10/2025Computer Software and Svcs
TDYHead-and-shoulders bottom      08/18/202509/09/2025Aerospace/Defense
TTDDouble Top, Adam and Adam      08/18/202508/28/2025Advertising
TWLOUgly double bottom      08/11/202508/20/2025E-Commerce
UPSDouble Top, Eve and Adam      08/15/202508/22/2025Air Transport
VRSNDouble Bottom, Eve and Adam      08/04/202508/13/2025Internet
WMBDouble Bottom, Eve and Adam      08/19/202509/05/2025Natural Gas (Distributor)

 

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Thursday 9/11/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.0% or 6.57 points. Since 02/05/1971 the Nasdaq made 730 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.9% on 416 occasions.
     Average loss was -0.9% on 314 occasions.
Expect the Nasdaq to close higher 57.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 299/539 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 Nasdaq composite on the 5 minute scale.

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

At AB, we see a double top. It confirms as a valid chart pattern when the index closes below the horizontal green line at C. In this example, the index didn't drop far, less than the height of the pattern projected downward (called the measure rule).

The two diverging red lines highlight another chart pattern called a broadening bottom. This one breaks out upward, reverses, and busts the upward breakout by dropping and closing below the bottom of the broadening formation.

The index didn't drop far before reversing again and busting the downward move, too (called a double bust). The index soared to D where it peaked.

The index has tumbled to E before recovering going into the close.

We can see all of that on the chart but what does it say about future movement?

This is a guess, of course, but because price is rising at day's end today, I'm assuming it'll continue rising tomorrow. It could rise far enough to form a double top pattern, similar to the one at AB.

Point E appears to be resting on support that's strong enough to prevent price from dropping, hence my focus on a rising price trend. Keep in mind that I could be wrong about all of this. Intraday price movement is noisy and hard to predict, but maybe it'll help your trading.

$ $ $

Here's a symbol list of 127 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AEIS, AA, AMGN, AMN, AR, AON, AAPL, ARCB, AVY, BALL, BSET, BZH, BBW, CAL, CENX, CF, CIEN, CINF, CNX, CSGP, COTY, DSGR, ^DJI, D, EOG, FFIV, FLEX, GME, HE, HL, HSIC, HWM, IIIN, INTC, IPG, JAZZ, KEYS, LXU, MANH, MA, MTRX, MDT, MU, MLKN, MUR, NBR, NTGR, NEU, NWPX, NTNX, OXY, OMC, ORCL, PTEN, PETS, QTWO, RHI, RES, CRM, SLB, SIGI, SCCO, LUV, SR, SRDX, SNPS, TECH, TXN, TDG, RIG, UHAL, WAT, WERN, WSM, WOLF, WDAY, ZBRA, FTEC, FDN, FXI, ICF, IYZ, IGV, IXN, SOXX, EWA, EEM, EWH, EIS, EWM, EPP, EWS, EZA, EWY, EWP, EWD, EWL, EWT, QLD, PXJ, PJP, PHO, ROBO, XLY, XLP, XAR, XLK, 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.

$ $ $

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  20,123.04    
 Weekly S2  20,753.55  630.51   
 Monthly S1  21,004.55  251.00   
 Weekly S1  21,319.80  315.25   
 Monthly Pivot  21,441.68  121.88   
 Weekly Pivot  21,599.31  157.63   
 Daily S2  21,709.16  109.85   
 Daily S1  21,797.61  88.45   
 Low  21,810.84  13.23   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High  21,883.47  72.63   
 Close  21,886.06  2.59   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot  21,899.29  13.23   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High  21,905.90  6.62   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  21,928.34  22.44   
 Open  21,980.60  52.26   
 Daily R1  21,987.74  7.14   Yes! The Daily R1 is close to the Open.
 High  22,000.97  13.23   Yes! The High is close to the Daily R1.
 Daily R2  22,089.42  88.45   
 Weekly R1  22,165.56  76.14   
 Monthly R1  22,323.19  157.63   
 Weekly R2  22,445.07  121.88   
 Monthly R2  22,760.32  315.25   

Wednesday 9/10/25. 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 indicator is neutral with a reading of 43.5. A neutral reading is between 35 and 65. Outside those ranges means it's bearish and bullish, respectively.

The inset shows the indicator without signal changes. The only thing I can say about the current reading is that it's closer to the bearish side than the bullish, so be cautious with trades.

Also, signals can change for up to a week. Today's neutral reading can flip from bearish to bullish and back again.

$ $ $

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: ADBE, AEIS, AA, ALKS, AFG, AMN, ASH, AVY, BALL, BAX, BZH, BKH, BSX, BRC, BCO, CALM, COR, CGNX, CRH, DHR, DECK, XRAY, EOG, FLEX, FMC, FORM, FDP, GNW, HE, HTLD, HUM, HURC, TILE, INTU, JAZZ, KFRC, LHX, LZB, RAMP, LXU, MANH, MTRX, MOS, MUR, NWL, NUS, OXY, OLN, OR, PETS, PNW, PLXS, RGS, RGA, ROG, ROL, SCHW, SAIC, SEIC, SCI, SHOP, SGI, SO, SCCO, TGT, TER, TXT, TDG, RIG, UNH, UNM, VFC, VLO, VRTX, V, WAT, WMB, WSM, WDAY, ZBRA, FXI, IXN, IHI, ECH, EEM, EWQ, EWH, EIS, EWM, EWY, EWT, THD, QLD, DBA, PXJ, PHO, ROBO, 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), Orb Foresight (#Ad)

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Tuesday 9/9/25. Slider Trading Quiz!

The Dow climbed by 0.3% or 114.09 points. Since 10/01/1928 the Dow made 1178 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 647 occasions.
     Average loss was -0.6% on 531 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 316/579 or 54.6% 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 Sunoco: SUN stock.

$ $ $

Here's a symbol list of 128 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, ADTN, AMD, AES, ALB, AEE, AEP, AR, ATO, BKH, BAH, BFH, BMY, BG, CALM, CRL, CI, CNO, CNX, CGNX, CMTL, COP, CXW, GLW, CCRN, XRAY, D, DTE, BOOM, EMN, ELV, EME, EPAM, EQT, EVRG, FIS, FWRD, FDP, HIG, HL, HELE, HSIC, HSY, HURC, TILE, INTU, IRM, KELYA, KMT, KFRC, KLAC, LRCX, RAMP, LXU, M, MAN, MU, NFG, NWL, NTNX, OGE, OTEX, ORCL, PETS, PFE, PLXS, PINC, QTWO, RL, SAIC, SRE, SHOP, SGI, SO, SSYS, SRDX, TGT, TECH, TER, TXN, RIG, UHAL, UPS, VFC, VLO, V, WWW, XEL, IDU, QTEC, FXL, FXI, IAT, MXI, IXN, EWO, ECH, EEM, EWH, EIS, EWJ, EWM, EWS, EZA, EWP, EWT, THD, TUR, ROBO, GLD, XLU. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

-- Thomas Bulkowski, author: Invest for Two-Comma Wealth and the novel (fiction), 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  42,445.76    
 Monthly S1  43,980.35  1,534.59   
 Weekly S2  44,589.06  608.71   
 Monthly Pivot  44,875.28  286.21   
 Weekly S1  45,052.01  176.73   
 Daily S2  45,180.25  128.24   
 Low  45,277.73  97.48   
 Daily S1  45,347.60  69.87   
 61.8% Down from Intraday High  45,378.89  31.29   
 50% Down from Intraday High  45,410.14  31.25   
 Weekly Pivot  45,411.10  0.96   Yes! The Weekly Pivot is close to the 50% Down from Intraday High.
 Open  45,430.60  19.50   Yes! The Open is close to the Weekly Pivot.
 38.2% Down from Intraday High  45,441.39  10.79   Yes! The 38.2% Down from Intraday High is close to the Open.
 Daily Pivot  45,445.08  3.68   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  45,514.95  69.87   
 High  45,542.56  27.61   
 Daily R1  45,612.43  69.87   
 Daily R2  45,709.91  97.48   
 Weekly R1  45,874.05  164.14   
 Weekly R2  46,233.14  359.10   
 Monthly R1  46,409.88  176.73   
 Monthly R2  47,304.80  894.92   

Monday 9/8/25. 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.

I show several patterns highlighted. At AB, we see a double top. This one confirmed as a valid chart pattern. The downward breakout saw the index fall to E, which is a good showing for the double top.

Pattern C is a diamond top.

Patterns D and E are both double bottoms.

What do the patterns say about what's to come? The diamond is the most recent pattern on the chart. The breakout, depending on how you draw the trendlines around the pattern, is downward. The index is now pulling back. The link describes how price rises 53% of the time after a pullback, so look for the index to rise.

However, 53 is close to random (50), so we should wait to see if a new trend develops (either up, down, or sideways).

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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.

Tuesday: Down 249.07 points.
Wednesday: Down 24.58 points.
Thursday: Up 350.06 points.
Friday: Down 220.43 points.
Saturday: Holiday or other weird event!

For the Week...

The Dow industrials were down 144.02 points or 0.3%.
The Nasdaq composite was up 244.84 points or 1.1%.
The S&P 500 index was up 21.24 points or 0.3%.

Year to Date...

Dow Industrials
     0.8% down from the high of 45,770.20 on 09/05/2025.
     24.0% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     0.8% down from the high of 21,878.81 on 09/05/2025.
     46.8% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     0.8% down from the high of 6,532.65 on 09/05/2025.
     34.1% 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  44,903  45,152  45,461  45,710  46,019 
Weekly  44,551  44,976  45,373  45,798  46,195 
Monthly  42,408  43,904  44,837  46,334  47,267 
S&P500 (^GSPC): Daily  6,397  6,439  6,486  6,528  6,575 
Weekly  6,286  6,384  6,458  6,556  6,630 
Monthly  6,089  6,285  6,409  6,605  6,729 
Nasdaq (^IXIC): Daily  21,361  21,530  21,705  21,875  22,049 
Weekly  20,692  21,196  21,537  22,042  22,383 
Monthly  20,061  20,881  21,380  22,199  22,698 

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 over.

Here's a symbol list of 172 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACIW, AMD, A, ALB, ALKS, AEE, AME, APH, ANIK, AMAT, ADSK, ADP, BIO, BKH, BKNG, BAH, BFH, CBT, CALM, CAL, CE, CLS, CX, COR, CNP, CDAY, CINF, CTAS, CLF, CNO, CNX, CMTL, CSGS, D, EXP, ECL, EME, EVH, EXPI, EZPW, FWRD, FNV, FDP, GIS, GNW, GILD, GFF, HIG, HD, DHI, HUN, ILMN, IPAR, TILE, IPI, KBH, K, KLAC, KLIC, LHX, LEN, LLY, LOW, LPLA, MTSI, M, MANH, MTRN, MRK, MGEE, MU, MSFT, MS, NTNX, NVDA, OMCL, OR, PKG, PAYX, PETS, PCG, PPL, PRU, PHM, QCOM, RL, RGS, RNG, RLI, ROK, ROP, RGLD, SAIA, SBH, SCHW, SEIC, SRE, SCI, SCCO, SXI, SCS, SSYS, SRDX, TECH, TFX, TEVA, TMO, TJX, VLO, VECO, V, WAT, WU, WLK, WPM, WWD, XEL, IAI, IEZ, IDU, FTEC, QTEC, FXL, IAT, IEV, MXI, ILF, SOXX, IYF, ITB, IHI, EWZ, ECH, EIS, EWI, EWJ, EWW, EWS, EZA, EWY, EWL, EWT, THD, EWU, PEJ, PXJ, ROBO, XLF, GLD, XHB, XAR, XLU, 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.

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

This WeekLast Week
1. Electronics1. Semiconductor
2. Semiconductor2. Metals and Mining (Div.)
3. Homebuilding3. Homebuilding
4. Semiconductor Cap Equip.4. Cement and Aggregates
5. Cement and Aggregates5. Electronics
6. Telecom. Equipment6. Semiconductor Cap Equip.
7. Metals and Mining (Div.)7. Chemical (Specialty)
8. Internet8. Investment Co. (Foreign)
9. Furn/Home Furnishings9. Internet
10. Apparel10. Diversified Co.
Best Performing AboveWorst Performing Below
50. Insurance (Diversified)50. Oilfield Svcs/Equipment
51. Chemical (Diversified)51. Insurance (Diversified)
52. Precision Instrument52. Air Transport
53. IT Services53. IT Services
54. Toiletries/Cosmetics54. Biotechnology
55. Trucking/Transp. Leasing55. Medical Services
56. Biotechnology56. Toiletries/Cosmetics
57. Household Products57. Household Products
58. Medical Services58. Trucking/Transp. Leasing
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 9/5/25. Pattern Trading Setups for the Weekend.

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: ABM, AFL, APD, ALB, AA, ALGT, ALL, AEO, AEP, ANET, ASH, AZTA, BMI, BSET, BKH, BKNG, BOOT, BAH, BRC, BMY, CDNS, CAL, CPB, COR, CHD, CINF, CLF, CMTL, CXW, CCRN, DSGR, ^DJU, D, DUK, EIX, FWRD, FDP, GAP, GNW, GFF, THG, HLIT, HOLX, HURC, IDA, IDXX, ILMN, INCY, IPG, JAZZ, L, LOW, MHO, MANH, MTRN, MUR, NBR, NFG, NTGR, NWL, PANW, PYPL, PETS, PFE, PCG, PEG, PSTG, RJF, RGS, ROL, ROP, RGLD, RES, SAND, SAIC, SHW, LUV, SXI, SSYS, SRDX, TECH, TDC, TEVA, TXN, TJX, TRV, UHAL, UNH, UNM, VLO, WRB, WMT, WEX, WPM, IEZ, IHE, IDU, IYH, IYZ, IYF, EWH, EIS, EWW, EZA, EWY, DBA, PXJ, PHO, XLV, XLU, 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.

$ $ $

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
MMMTriangle, symmetrical      08/13/202508/29/2025Diversified Co.
ABTTriangle, symmetrical      08/08/202509/03/2025Medical Supplies
ADTNDouble Bottom, Adam and Adam      08/05/202508/20/2025Telecom. Equipment
AADouble Bottom, Adam and Eve      08/01/202508/21/2025Aerospace/Defense
AEOFlag, high and tight      07/11/202509/04/2025Apparel
AEPDouble Top, Eve and Adam      08/05/202508/20/2025Electric Utility (Central)
CIENHead-and-shoulders bottom      08/01/202509/02/2025Telecom. Equipment
EDHead-and-shoulders complex top      07/22/202508/20/2025Electric Utility (East)
COSTDouble Bottom, Adam and Adam      08/26/202509/03/2025Retail Store
CCRNPipe top      08/18/202508/25/2025Human Resources
CWRoof      07/01/202509/04/2025Machinery
DOVDouble Top, Adam and Eve      08/13/202508/22/2025Machinery
DTETriple top      08/05/202508/20/2025Electric Utility (Central)
HLITUgly double bottom      07/29/202508/21/2025Telecom. Equipment
HQYDouble Bottom, Adam and Eve      08/14/202508/28/2025Healthcare Information
IEXDouble Top, Adam and Adam      08/13/202508/22/2025Machinery
IRMDouble Top, Adam and Adam      08/13/202508/22/2025Industrial Services
KLACDouble Top, Eve and Adam      07/18/202508/14/2025Semiconductor Cap Equip.
LXUDouble Bottom, Eve and Eve      07/30/202508/08/2025Building Materials
MLMTriangle, ascending      08/07/202509/04/2025Cement and Aggregates
NTGRPipe bottom      07/28/202508/04/2025Telecom. Equipment
OMCV Bottom Extension      07/24/202508/22/2025Advertising
ONTriple top      08/13/202508/28/2025Semiconductor
PCGDiamond top      08/05/202509/04/2025Electric Utility (West)
ROLHead-and-shoulders top      08/05/202508/20/2025Industrial Services
SAICDouble Top, Adam and Adam      08/14/202508/22/2025IT Services
SRETriangle, ascending      08/05/202509/04/2025Electric Utility (West)
SLGNTriple top      08/13/202508/28/2025Packaging and Container
SCCODouble Bottom, Adam and Adam      08/21/202509/02/2025Metals and Mining (Div.)
TSCODouble Top, Adam and Eve      08/19/202508/27/2025Retail Building Supply
VEEVDouble Top, Adam and Adam      07/29/202508/27/2025Healthcare Information
WEXTriangle, symmetrical      07/24/202508/29/2025Information Services
ZBRATriangle, descending      08/05/202509/04/2025Computers and Peripherals

 

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Thursday 9/4/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 1.0% or 218.1 points. Since 02/05/1971 the Nasdaq made 271 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 172 occasions.
     Average loss was -0.9% on 99 occasions.
Expect the Nasdaq to close higher 63.5% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 298/538 or 55.4% of the time.
     The prediction of the Nasdaq closing lower has been right 87/180 or 48.3% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

I show a 4-day picture of the Nasdaq composite intraday.

The Adam & Eve double bottom is clear in the middle of the chart. The one-price bar spike is the Adam bottom and the wider Eve bottom is more rounded looking. It led to a nice rise in the index.

The double bottom is part of a larger pattern called an island bottom.

I drew a green trendline resting on two peaks. At A, the index has pierced the trendline moving up. However, the pierce isn't tall enough to signal a true upward breakout. We'll see what happens in the markets tomorrow.

$ $ $

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: ALB, AEP, AME, AMAT, ASH, AIZ, AVY, AZTA, BALL, BKH, BKNG, BAH, BRC, BRKR, CALM, CPB, CE, CLS, CINF, CSCO, CLF, CNO, CL, CMTL, CSGP, CR, CCRN, DSGR, ^DJI, D, DOV, EIX, EVRG, EXPI, FICO, FAST, FMC, FCX, GME, GAP, GIS, GOOGL, GGG, HLIT, HQY, HTLD, HOLX, HURC, IEX, IDXX, ITW, NSP, IBKR, KALU, KBH, K, KELYA, KLAC, RAMP, L, M, MANH, MTRX, MRCY, MLKN, NWL, ON, OMI, PNW, PEG, KWR, QCOM, RGS, ROP, RGLD, RES, SAND, SEE, SEIC, SIGI, SLGN, SKYW, SO, SCCO, SWX, SSYS, SRDX, TGT, TECH, TEVA, TKR, UPS, VLO, VECO, VMC, WEX, WSC, ZBRA, ITA, IDU, BOTZ, SLV, IHI, EWW, EWL, THD, PPA, PHO, GLD, XLI, XAR, XLU, 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), 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  20,043.64    
 Monthly S1  20,770.68  727.05   
 Weekly S2  21,189.74  419.05   
 Monthly Pivot  21,287.22  97.48   
 Daily S2  21,291.23  4.01   Yes! The Daily S2 is close to the Monthly Pivot.
 Weekly S1  21,343.73  52.50   
 Low  21,370.98  27.25   
 Daily S1  21,394.48  23.50   
 61.8% Down from Intraday High  21,440.89  46.41   
 Open  21,461.60  20.71   
 50% Down from Intraday High  21,462.48  0.88   Yes! The 50% Down from Intraday High is close to the Open.
 Daily Pivot  21,474.23  11.75   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  21,484.07  9.84   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  21,497.73  13.66   Yes! The Close is close to the 38.2% Down from Intraday High.
 Weekly Pivot  21,543.10  45.37   
 High  21,553.98  10.88   Yes! The High is close to the Weekly Pivot.
 Daily R1  21,577.48  23.50   
 Daily R2  21,657.23  79.75   
 Weekly R1  21,697.09  39.86   
 Weekly R2  21,896.46  199.36   
 Monthly R1  22,014.26  117.81   
 Monthly R2  22,530.80  516.53   

Wednesday 9/3/25. 2025 Forecast Update

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

$ $ $

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: ABT, ANF, ALL, AEO, AEP, AR, AMAT, ACGL, AIZ, ADSK, AVY, BALL, BKH, BA, BSX, BRC, CALM, CPB, CNP, CF, CNX, CGNX, GLW, CR, CRH, CCK, CTS, DDS, DSGR, D, DOV, EQT, EVRG, FDX, FRD, GME, GAP, GGG, HBI, HD, HON, ILMN, IRM, K, KLAC, KSS, LRCX, LAMR, LXU, MRTN, MA, MTRX, MLKN, MCO, NFLX, NWPX, OMCL, OXM, PPG, PGR, PEG, RL, RRC, RTX, ROK, ROST, SCHW, SEIC, SRE, SHW, SO, SCCO, SPSC, TPR, TGT, TDOC, TER, TEVA, TKR, TJX, TSCO, TDG, UPS, VRTX, WOLF, ZBRA, IAI, IYC, IYE, IDU, IYH, IEV, SOXX, SLV, EWO, EEM, EWQ, EWG, EWI, EWJ, EWM, EWW, EWP, EWD, EWT, TUR, EWU, IBB, PPA, PBE, PEJ, PJP, PHO, XLY, XLE, GLD, XHB, XLI, XLU, 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), Orb Foresight (#Ad)

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Tuesday 9/2/25. Slider Trading Quiz!

The Dow dropped by -0.2% or -92.02 points. Since 10/01/1928 the Dow made 1275 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 638 occasions.
     Average loss was -0.6% on 637 occasions.
Expect the Dow to close higher 50.0% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 316/578 or 54.7% 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 Surmodics: SRDX, support and resistance stock.

$ $ $

Here's a symbol list of 131 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AYI, AMD, A, AKAM, AA, AFG, AMN, APOG, AMAT, AIZ, ADSK, AZTA, BAX, BKH, BKNG, BRC, CAL, CE, CHD, CTS, DVN, BOOM, EMN, EME, EFX, EVRG, FFIV, FWRD, FDP, GNW, GMS, GGG, HLIT, HE, HD, HOV, HURC, IDXX, PODD, TILE, JBLU, JNJ, KLAC, LPLA, MGY, MTRX, MRCY, MGEE, MLKN, MUR, MYGN, NBR, NTGR, NWPX, OMCL, OXM, PKE, PCTY, PGR, PEG, QCOM, RTX, SAND, SMG, SEIC, SRE, SMTC, SKYW, SWX, SSYS, SRDX, TDOC, TEVA, TXN, TXT, TSCO, TG, TREX, VFC, VEEV, VRSN, VC, WDAY, ZBRA, ITA, IYE, IEZ, IDU, FXL, FXI, BOTZ, ICF, IHF, IXN, IYF, EWZ, EWC, EWH, EWM, EZA, EWU, PPA, DBA, PBE, PXJ, XLE, XLF, XLB, XAR, XLU, 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.

$ $ $

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  42,463.97    
 Monthly S1  44,004.43  1,540.45   
 Monthly Pivot  44,881.13  876.71   
 Weekly S2  44,982.79  101.66   
 Weekly S1  45,263.84  281.04   
 Daily S2  45,273.80  9.96   Yes! The Daily S2 is close to the Weekly S1.
 Low  45,377.21  103.41   
 Daily S1  45,409.34  32.13   
 61.8% Down from Intraday High  45,468.49  59.15   
 Weekly Pivot  45,473.33  4.84   Yes! The Weekly Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  45,496.68  23.35   Yes! The 50% Down from Intraday High is close to the Weekly Pivot.
 Daily Pivot  45,512.75  16.07   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  45,524.88  12.13   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  45,544.88  20.00   Yes! The Close is close to the 38.2% Down from Intraday High.
 Open  45,591.00  46.12   
 High  45,616.16  25.16   
 Daily R1  45,648.29  32.13   
 Daily R2  45,751.70  103.41   
 Weekly R1  45,754.38  2.68   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2  45,963.88  209.50   
 Monthly R1  46,421.59  457.71   
 Monthly R2  47,298.29  876.71   

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