Bulkowski's Blog: ThePatternSite.com
As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024
As of 06/18/2024
  Indus: 38,835 +56.76 +0.1%  
  Trans: 14,898 -35.14 -0.2%  
  Utils: 909 -0.27 0.0%  
  Nasdaq: 17,862 +5.21 +0.0%  
  S&P 500: 5,487 +13.80 +0.3%  
YTD
 +3.0%  
-6.3%  
 +3.0%  
 +19.0%  
 +15.0%  
  Targets    Overview: 06/13/2024  
  Up arrow39,900 or 37,650 by 07/01/2024
  Up arrow15,800 or 14,300 by 07/01/2024
  Up arrow960 or 890 by 07/01/2024
  Up arrow17,800 or 16,750 by 07/01/2024
  Up arrow5,500 or 5,250 by 07/01/2024

Recent Headlines

Picture of 'Training Miles' book. Picture of 'Invest for two-comma wealth' book.

Older Headlines

Archives


Thursday 6/20/24. Ethereum (ETH-USD) Review

The Nasdaq climbed by 0.0% or 5.21 points. Since 02/05/1971 the Nasdaq made 714 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 406 occasions.
     Average loss was -0.9% on 308 occasions.
Expect the Nasdaq to close higher 56.9% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 278/495 or 56.2% of the time.
     The prediction of the Nasdaq closing lower has been right 77/163 or 47.2% of the time.

Picture of the ethereum.

$ $ $

I show a picture of Ethereum (ETH-USD) on the daily scale.

A head-and-shoulders bottom chart pattern happened in April-May and the resulting rise was nice to see.

After that, the currency peaked and has retraced to A. 'A' shows a potential double bottom chart pattern. It becomes valid when the currency closes above the peak between the two valleys. If that happens, then expect the currency to rise even farther, say, to 3800 (or higher).

$ $ $

Here's a symbol list of 129 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ANF, ABM, ALKS, DOX, ACGL, AWI, ARW, AVY, AVNT, AZTA, BMI, BALL, BA, BRC, BFH, BCO, CAL, CE, CLS, CNP, CVX, CTAS, CLF, CNX, CGNX, CTSH, CMCO, CMTL, ED, CXW, CCRN, CMI, CW, D, EBAY, ECL, EIX, ELV, EZPW, FICO, FARO, FE, FLS, GIS, GILD, GPN, GFS, GGG, GES, HBI, HLIT, HIG, HOLX, HD, HOV, JBHT, ILMN, ITGR, JAZZ, LNC, LPLA, LXU, MTSI, M, MGY, MDT, MU, MCO, NFLX, NEE, NOVT, NUS, ASGN, OTEX, PDCO, PYPL, PNW, QCOM, RJF, SAIA, SAIC, SEIC, SIGI, TPX, TTD, TJX, TSCO, TDG, TG, TREX, UPS, VLO, WU, WMB, ITA, IDU, FTEC, QQQ, IHF, IAT, MXI, SLV, EWK, EWQ, EZA, EWL, EWT, QLD, PPA, ROBO, XLI, XAR, XLK, XLU, UNG, VIS, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

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) Training "Miles" (#Ad)

Top

© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  15,850.90    
 Monthly S1  16,856.57  1,005.66   
 Weekly S2  16,869.33  12.76   
 Monthly Pivot  17,299.18  429.85   
 Weekly S1  17,365.78  66.60   
 Weekly Pivot  17,553.79  188.01   
 Daily S2  17,756.24  202.45   
 Low  17,796.88  40.64   
 Daily S1  17,809.23  12.35   
 61.8% Down from Intraday High  17,832.65  23.42   
 50% Down from Intraday High  17,843.70  11.05   
 Daily Pivot  17,849.88  6.18   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High  17,854.75  4.87   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Open  17,856.76  2.01   Yes! The Open is close to the 38.2% Down from Intraday High.
 Close  17,862.23  5.47   Yes! The Close is close to the Open.
 High  17,890.52  28.29   
 Daily R1  17,902.87  12.35   
 Daily R2  17,943.52  40.64   
 Weekly R1  18,050.24  106.72   
 Weekly R2  18,238.25  188.01   
 Monthly R1  18,304.85  66.60   
 Monthly R2  18,747.46  442.62   

Wednesday 6/19/2024. Holiday Supplement.

Picture of 'Training Miles' book.

I uploaded new versions of the book (paperback and e-book) with proofreading and formatting errors corrected. The new version should appear at Amazon.com by this Saturday, June 22. I also shoved the e-book in Kindle Select or whatever they call it, so some of you can download it for free. Otherwise, the cost is $3.99 for the e-book and $9.99 for the print version.

Here's what I wrote about Training "Miles" (#ad) on Amazon:

It’s hard growing up male, especially with twenty-four sisters!

Miles is a crystal ball, the runt of the litter. He wants to be good and protect others from harm.

Sister Sindy has other ideas. She’s the family bully.

When Miles leaves the family to help an autistic girl, will Sindy help too, or will she cost him his life?

Find out by reading this heartwarming—and fast paced—novel about the life of crystal balls that will delight you as often as it will brings tears.

This book is suitable for young adults—and older—who believe in possibilities.

One reader wrote, "It did not disappoint. I read the entire book in one sitting." -- DJB

Picture of 'Invest for two-comma wealth' book.

Invest for Two-Comma Wealth (#ad) is available too, from Amazon.com at the link.

I self-published this book (instead of using a traditional publisher), which is why the book is available in print form for $20 instead of $60.

Invest for Two-Comma Wealth ($1,000,000) is an entry-level yet comprehensive book about investing in the securities markets to grow your net worth. From annuities, bonds, and CDs, to common stocks, meme stocks, and cryptocurrency, the book explains each topic in an easy-to-understand manner.

It teaches you about scams, and how to avoid them, including those “free” lunch seminars. It explains why owning your home may not be a good investment and buying gold coins with huge sales charges put you at a disadvantage.

Use the information in this book to invest for the long term and discover that one day you’ve joined the two-comma club.

Price $20, print only, 300+ pages. This will not be available as an e-book.

Top


Tuesday 6/18/24. Slider Trading Quiz!

The Dow climbed by 0.5% or 188.94 points. Since 10/01/1928 the Dow made 966 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 524 occasions.
     Average loss was -0.6% on 442 occasions.
Expect the Dow to close higher 54.2% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 287/524 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 54/116 or 46.6% of the time.

$ $ $

I show another slider trading quiz featuring inverted and descending scallops.

$ $ $

Here's a symbol list of 125 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ADBE, AES, AMZN, AEP, AXP, ANIK, AR, AON, AGO, ADSK, AVY, AVNT, BSET, BBY, BFH, CENX, CINF, CTAS, CNO, CNX, CGNX, CTSH, GLW, CRH, CROX, CCRN, CSGS, D, DTE, EBAY, EIX, EVH, EZPW, FE, FLEX, FCX, IT, GNW, GMS, GES, THG, HIG, HE, HQY, HOLX, HUN, IDA, IDXX, INCY, INFN, IIIN, INTU, JKHY, K, LEG, LLY, L, LOW, MTSI, MANH, MAN, MTRN, MDT, MGEE, MS, NFLX, NTAP, NWL, NEE, NKE, NUS, ORI, OLN, ASGN, ON, ORCL, OMI, PFE, PCG, PPL, PGR, RNG, RCKY, ROG, SBH, NOW, SLGN, SWN, TTD, TSCO, V, WSO, WWW, WWD, XEL, IAI, IYC, IDU, QTEC, IGV, ECH, EWJ, EWM, EWT, THD, PEJ, ROBO, XLY, XLU, UNG, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

Top

© 2024 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  36,875.71    
 Monthly S1  37,826.91  951.19   
 Weekly S2  37,920.33  93.42   
 Daily S2  38,275.38  355.05   
 Weekly S1  38,349.21  73.84   
 Low  38,431.95  82.73   
 Daily S1  38,526.74  94.79   
 Open  38,565.18  38.44   Yes! The Open is close to the Daily S1.
 61.8% Down from Intraday High  38,587.78  22.60   Yes! The 61.8% Down from Intraday High is close to the Open.
 50% Down from Intraday High  38,635.91  48.13   
 Daily Pivot  38,683.31  47.39   
 38.2% Down from Intraday High  38,684.05  0.74   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Weekly Pivot  38,734.74  50.69   
 Close  38,778.10  43.36   
 High  38,839.88  61.78   
 Daily R1  38,934.67  94.79   
 Monthly Pivot  38,952.15  17.48   Yes! The Monthly Pivot is close to the Daily R1.
 Daily R2  39,091.24  139.09   
 Weekly R1  39,163.63  72.39   
 Weekly R2  39,549.15  385.52   
 Monthly R1  39,903.35  354.20   
 Monthly R2  41,028.59  1,125.25   

 

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