As of 11/07/2025   Indus: 46,987 +74.80 +0.2%     Trans: 16,209 +252.60 +1.6%     Utils: 1,127 +14.43 +1.3%     Nasdaq: 23,005 -49.45 -0.2%     S&P 500: 6,729 +8.48 +0.1%	YTD  +10.4%    +2.0%    +14.7%    +19.1%    +14.4%	Targets    Overview: 10/30/2025     49,500 or 46,400 by 11/15/2025   16,500 or 15,200 by 11/15/2025   1,150 or 1,075 by 11/15/2025   25,000 or 22,700 by 11/15/2025   7,000 or 6,700 by 11/15/2025
Chart Pattern Indicator: on 11/7/25

As of 11/07/2025   Indus: 46,987 +74.80 +0.2%     Trans: 16,209 +252.60 +1.6%     Utils: 1,127 +14.43 +1.3%     Nasdaq: 23,005 -49.45 -0.2%     S&P 500: 6,729 +8.48 +0.1%	YTD  +10.4%    +2.0%    +14.7%    +19.1%    +14.4%
Targets    Overview: 10/30/2025     49,500 or 46,400 by 11/15/2025   16,500 or 15,200 by 11/15/2025   1,150 or 1,075 by 11/15/2025   25,000 or 22,700 by 11/15/2025   7,000 or 6,700 by 11/15/2025
Chart Pattern Indicator: on 11/7/25

Recent Headlines Monday 11/10/25. Market Monday: The Week Ahead Friday 11/7/25. Pattern Trading Setups for the Weekend. Thursday 11/6/25. Market Direction: Nasdaq Wednesday 11/5/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 11/4/25. Slider Trading Quiz! Southwest Water (SWWC)

Older Headlines Monday 11/3/25. 2025 Forecast Update Friday 10/31/25. Pattern Trading Setups for the Weekend. Thursday 10/30/25. Intraday Market Direction: Nasdaq Wednesday 10/29/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 10/28/25. Slider Trading Quiz! St. Paul Travelers: STA Monday 10/27/25. Market Monday: The Week Ahead Friday 10/24/25. Pattern Trading Setups for the Weekend. Thursday 10/23/25. Intraday Market Direction: Nasdaq Wednesday 10/22/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 10/21/25. Slider Trading Quiz! Stancorp Financial: SFG Monday 10/20/25. Market Monday: The Week Ahead

Archives November Archive October Archive September Archive August Archive All Archives

Monday 11/10/25. 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 S&P 500 index on the weekly scale.

If you're an Elliott waver (believe in it) then I'd be looking for an ABC correction.

I show that hypothetically as ABC on the chart. It's a stair-step decline that happens after a strong move up (5 waves, 3 up and 2 retraces). I show the five waves with numbers 1 through 5.

Because I'm not a fan of Elliott, I'm just guessing here, but I do expect a retrace in the S&P index. Let me note that the duration and extent of the decline on the chart is not a prediction. I just drew it to show what the ABC looks like.

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 either underway or should be starting soon. The sessions could be more volatile.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

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: ADBE, AEIS, AFL, ALB, AA, ALGT, AEE, AEO, AXP, AR, AGO, AVA, BZH, BIO, BOOT, CBT, CACI, CRL, CLF, CNA, CNO, CMTL, COTY, CCRN, CTS, DECK, ^DJT, EIX, EME, EQT, EXPI, XOM, FICO, FISV, FCX, FRD, GILD, GS, GES, HBI, HLIT, HON, HWM, HUN, HURC, IDA, IPI, INTU, JAZZ, JNJ, KALU, LEN, LOW, LPLA, LXU, MSFT, MCO, ^IXIC, NTAP, NEE, NOC, NOVT, OTEX, OUT, PKG, PATK, PCTY, PETS, PPG, RRC, RNG, R, SHOP, LUV, SNPS, TPR, TGT, TECH, TDOC, TXN, TKR, RIG, TRV, TREX, UNM, VFC, VECO, VEEV, WRB, WAT, WSO, WEX, IDU, AIQ, QQQ, ICF, IAT, IYZ, MXI, IXN, ILF, IYF, ITB, EWA, EWO, EWH, EIS, EWI, EZA, EWY, EWD, EWT, EWU, QLD, PEJ, XLF, XLU, 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), Orb Foresight (#Ad)

Friday 11/7/25. Pattern Trading Setups for the Weekend.

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: DDD, AYI, ADBE, AEIS, ALB, AA, AIG, AMN, APA, APOG, AMAT, ACGL, ANET, ARW, AVA, BSET, BBY, BIO, BIIB, BOOT, BRC, BBW, CRL, CHKP, CLNE, CLF, CNA, COTY, CCK, CSGS, XRAY, BOOM, EMN, ELV, EME, EOG, FDS, FTNT, FCX, FRD, GAP, IT, GD, GNW, GFS, GS, GFF, HLIT, HD, HON, HURC, IEX, ILMN, IIIN, IPI, INTU, JKHY, JAZZ, KELYA, LEN, RAMP, LOW, LXU, MRTN, MAS, MSFT, MLKN, NWL, NEU, NWPX, PEN, PETS, PGR, PSTG, QTWO, RL, RRC, CRM, SBH, SGI, SR, SNPS, TPR, TECH, TDOC, TDY, TTD, TREX, TWLO, UIS, UNH, VFC, VECO, WMT, WAT, WEX, WSC, WWW, WDAY, IYM, FTEC, FXL, EWZ, EWC, EWQ, EWH, EWM, EZA, TUR, EWU, PPA, DBA, PBE, PEJ, ROBO, GLD, XLB, 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)

Thursday 11/6/25. Market Direction: Nasdaq

$ $ $

I show a picture of the Nasdaq composite on the monthly scale.

I didn't see anything on the intraday chart worth remarking on so I flipped to the "all data" scale. It appears to be from about 1985.

I was struck by the percentage change over the period shown. The green box at the top of the chart says 23,399%. One dollar invested in the Nasdaq composite would be, um, wonderful. Of course, to make that kind of gain requires holding for 40 years. It highlights the value of buy-and-hold for the long term.

If you're a day trader, consider splitting your portfolio into intraday trades and buy-and-hold investments. One day you'll burn out from day trading (perhaps as you near retirement) and want a trading style that takes almost no work and yields tremendous gains (with additional risk).

$ $ $

Here's a symbol list of 124 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, ADBE, AEIS, AFL, APD, ALB, AA, ALKS, ALGT, AEO, AIG, AMGN, AMN, AMAT, ARCB, ACGL, ANET, ASH, AIZ, AVA, AZTA, BALL, BIO, BOOT, BRC, BFH, BCO, BBW, CNC, CRL, CHD, CLNE, CLF, CNO, CMCO, ED, COTY, DDS, BOOM, EME, EG, EZPW, FMC, FWRD, FCX, GNW, HL, HD, HON, HUM, HUN, HURC, IBP, INTU, ISRG, IRM, JKHY, K, KLIC, LZB, L, LOW, LXU, MTSI, MTRX, MU, NFG, NTGR, NEU, NWPX, NTNX, NVDA, PEG, RL, RMBS, RRC, SBH, SEE, SLGN, SKYW, SO, LUV, SR, SNPS, TRGP, TGT, TECH, TDC, TEVA, TREX, UIS, VFC, WAT, WERN, WEX, WSM, WWW, IEV, IGV, IYF, ITB, EWZ, EWG, EIS, EWP, THD, PXJ, PHO, ROBO, XLF, SPY, XAR. 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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