Bulkowski's Blog: ThePatternSite.com
As of 12/15/2025
  Indus: 48,417 -41.49 -0.1%  
  Trans: 17,472 -32.74 -0.2%  
  Utils: 1,081 +10.56 +1.0%  
  Nasdaq: 23,057 -137.76 -0.6%  
  S&P 500: 6,817 -10.90 -0.2%  
YTD
 +13.8%  
 +9.9%  
 +10.0%  
 +19.4%  
 +15.9%  
  Targets    Overview: 12/12/2025  
  Up arrow49,500 or 47,000 by 01/01/2026
  Up arrow18,750 or 17,000 by 01/01/2026
  Up arrow1,100 or 1,040 by 01/01/2026
  Up arrow24,500 or 22,400 by 01/01/2026
  Up arrow7,250 or 6,650 by 01/01/2026
As of 12/15/2025
  Indus: 48,417 -41.49 -0.1%  
  Trans: 17,472 -32.74 -0.2%  
  Utils: 1,081 +10.56 +1.0%  
  Nasdaq: 23,057 -137.76 -0.6%  
  S&P 500: 6,817 -10.90 -0.2%  
YTD
 +13.8%  
 +9.9%  
 +10.0%  
 +19.4%  
 +15.9%  
  Targets    Overview: 12/12/2025  
  Up arrow49,500 or 47,000 by 01/01/2026
  Up arrow18,750 or 17,000 by 01/01/2026
  Up arrow1,100 or 1,040 by 01/01/2026
  Up arrow24,500 or 22,400 by 01/01/2026
  Up arrow7,250 or 6,650 by 01/01/2026

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

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Tuesday 12/16/25. Slider Trading Quiz!

The Dow dropped by -0.1% or -41.49 points. Since 10/01/1928 the Dow made 1411 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.6% on 739 occasions.
     Average loss was -0.7% on 672 occasions.
Expect the Dow to close higher 52.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 324/591 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 62/127 or 48.8% of the time.

$ $ $

I show another slider trading quiz featuring Southwest Airlines: LUV (actual trade).

$ $ $

Here's a symbol list of 139 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACIW, AYI, ALB, AMZN, DOX, AMWD, AMN, APA, AAPL, ADM, AGO, AXS, BSET, BMRN, BKH, BAH, BSX, BMY, BBW, BLDR, CPB, CDAY, CHKP, CLX, CNA, CNO, CGNX, CMTL, COP, CSGP, CCK, CSGS, CTS, DDS, DSGR, DTE, EIX, ELV, EOG, FICO, FAST, FDX, FMC, FDP, GME, IT, GFF, HIG, HSIC, HSY, HOV, HUN, ITW, NSP, ISRG, IRM, JKHY, JAZZ, KBH, KMB, KLAC, KSS, LEN, LPLA, MGY, MDT, MRK, MS, NBR, NEU, OMCL, OMC, OTEX, OMI, PYPL, PNW, PG, PGR, QTWO, KWR, REGN, RNG, RHI, ROK, ROP, SLB, SAIC, SEIC, SRE, SKYW, SXI, TECH, TEVA, TXN, TKR, TRV, UHAL, VC, WSO, WU, WSM, XEL, ZBRA, IAI, IYK, IYE, IEZ, IHE, FDN, BOTZ, IXC, EWA, EWK, ECH, EEM, EWQ, EWI, EWJ, EPP, EWP, EWL, THD, TUR, PXJ, PJP, SSO, ROBO, XHB. 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  44,519.52    
 Monthly S1  46,468.04  1,948.52   
 Weekly S2  46,831.54  363.50   
 Weekly S1  47,624.05  792.51   
 Monthly Pivot  47,677.45  53.40   
 Daily S2  48,063.79  386.34   
 Daily S1  48,240.17  176.39   
 Weekly Pivot  48,255.45  15.28   Yes! The Weekly Pivot is close to the Daily S1.
 Low  48,283.27  27.82   Yes! The Low is close to the Weekly Pivot.
 Close  48,416.56  133.29   
 61.8% Down from Intraday High  48,434.49  17.93   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot  48,459.66  25.16   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High  48,481.20  21.55   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High  48,527.92  46.71   
 Open  48,594.36  66.44   
 Daily R1  48,636.04  41.68   
 High  48,679.14  43.10   
 Daily R2  48,855.53  176.39   
 Weekly R1  49,047.96  192.44   
 Monthly R1  49,625.97  578.00   
 Weekly R2  49,679.38  53.41   
 Monthly R2  50,835.38  1,156.00   

Monday 12/15/25. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

I don't have much to report about this chart. This picture is on the daily scale.

I drew a red line under the valleys, at A. Notice that the index follows the line higher.

The channel at B is not a robust pattern. It's a channel with two touches of each side, where 3 is really a minimum (5 touches of two trendlines, minimum).

Notice that trend A is upward and tight. Trend B is downward and loose.

Of course, this means the index is searching for a new direction. My guess is it'll be upward. I suggest that because the channel slopes downward as a retrace of uptrend A, the next move is likely upward (after it completes a short downward move).

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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: Down 215.67 points.
Tuesday: Down 179.03 points.
Wednesday: Up 497.46 points.
Thursday: Up 646.26 points.
Friday: Down 245.96 points.

For the Week...

The Dow industrials were up 503.06 points or 1.0%.
The Nasdaq composite was down 382.96 points or 1.6%.
The S&P 500 index was down 42.99 points or 0.6%.

Year to Date...

Dow Industrials
     0.9% down from the high of 48,886.86 on 12/12/2025.
     32.4% up from the low of 36,611.78 on 04/07/2025.
Nasdaq
     3.4% down from the high of 24,019.99 on 10/29/2025.
     56.9% up from the low of 14,784.03 on 04/07/2025.
S&P 500
     1.3% down from the high of 6,920.34 on 10/29/2025.
     41.2% 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  48,007  48,232  48,560  48,785  49,112 
Weekly  46,845  47,652  48,269  49,076  49,693 
Monthly  44,533  46,496  47,691  49,654  50,849 
S&P500 (^GSPC): Daily  6,745  6,786  6,843  6,884  6,941 
Weekly  6,743  6,785  6,844  6,887  6,946 
Monthly  6,369  6,598  6,751  6,980  7,132 
Nasdaq (^IXIC): Daily  22,821  23,008  23,282  23,469  23,742 
Weekly  22,722  22,958  23,331  23,568  23,941 
Monthly  21,127  22,161  22,933  23,967  24,738 

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.

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 161 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AYI, ADTN, ALK, ALB, ALKS, ALGT, AXP, AMWD, APH, AON, APA, ASH, ADSK, AVA, AXS, BCPC, BSET, BAX, BBY, BAH, BCO, BMY, BBW, BLDR, CALM, CNC, CHKP, CLNE, COP, CTS, CMI, DHR, DOV, EBAY, EIX, EMR, EQT, EG, EVH, FDX, FISV, FLS, FTV, GME, GAP, GE, GNW, GS, GES, HIG, HE, HP, HOV, HUBG, HUN, ITW, IRM, JKHY, KMB, KSS, LEG, LEN, LPLA, M, MA, MTRX, MRK, MRCY, MS, NBR, NEU, NKE, NVDA, OXY, OMC, ON, OTEX, OMI, PCTY, PCG, POR, PFG, KWR, RHI, ROK, ROST, RES, SLB, SEIC, SLGN, SKYW, SCCO, SXI, TECH, TXN, TXT, TTD, TKR, TOL, TDG, RIG, UHAL, UGI, VECO, VEEV, VRSN, VC, VMC, WSO, WU, WSM, WWW, ZBRA, IAI, IYE, IEZ, FDN, BOTZ, IYH, IXC, SLV, EWA, EWO, EWK, EEM, EWQ, EWH, EWI, EWM, EPP, EWP, EWL, TUR, PEJ, PXJ, ROBO, XLE, XLV, XHB, XRT, UNG, VIS. Click this link for details (pattern type, start and end dates).

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

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

This WeekLast Week
1. Telecom. Equipment1. Semiconductor Cap Equip.
2. Semiconductor Cap Equip.2. Telecom. Equipment
3. Semiconductor3. Semiconductor
4. Apparel4. Oilfield Svcs/Equipment
5. Metals and Mining (Div.)5. Drug
6. Drug6. Apparel
7. Furn/Home Furnishings7. Electronics
8. Trucking/Transp. Leasing8. Furn/Home Furnishings
9. Electronics9. Biotechnology
10. Oilfield Svcs/Equipment10. Metals and Mining (Div.)
Best Performing AboveWorst Performing Below
50. Electric Utility (Central)50. Insurance (Prop/Casualty)
51. E-Commerce51. Internet
52. IT Services52. Packaging and Container
53. Toiletries/Cosmetics53. E-Commerce
54. Computer Software and Svcs54. IT Services
55. Information Services55. Information Services
56. Chemical (Basic)56. Chemical (Basic)
57. Short ETFs57. Household Products
58. Household Products58. Short ETFs
59. Investment Co. (Domestic)59. Investment Co. (Domestic)
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 12/12/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 121 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AES, AFL, APD, AEP, AXP, AIG, APH, ANIK, ADM, AWI, AIZ, AVA, BCPC, BALL, BSET, BAH, BSX, CACI, CALM, CENX, CDAY, CHKP, CTAS, CNA, CNO, CGNX, CMCO, CW, DECK, DOV, ELV, EMR, EFX, EQT, EXPI, FDS, FAST, FLS, FDP, FRD, GNW, GES, HLIT, HIG, HE, HSIC, HD, HON, HOV, HUM, IDA, ITW, TILE, JKHY, JBLU, JNJ, KMB, LH, LAMR, LDOS, LEN, MTSI, MKTX, MRK, MLKN, NVDA, OMCL, OMC, OXM, PCTY, PEN, PETS, PCG, KWR, RTX, SEIC, SO, SXI, TPR, TRGP, TECH, TTD, TZOO, UGI, UPS, WMT, WERN, WU, WEX, WSM, XEL, IDU, DDM, IHF, IEV, SLV, EWK, EWQ, EWG, EWH, EWI, EWM, EWP, EWL, DBA, PEJ, XLF, XLI, XLB, 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.

$ $ $

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
DDDDead-cat bounce      12/09/202512/09/2025Electronics
APDDouble Top, Eve and Adam      11/12/202512/05/2025Chemical (Diversified)
ALLDouble Top, Adam and Eve      11/17/202511/21/2025Insurance (Prop/Casualty)
DOXDouble Bottom, Eve and Adam      11/18/202512/02/2025IT Services
AEEDouble Top, Eve and Eve      10/20/202511/28/2025Electric Utility (Central)
AIGHead-and-shoulders bottom      11/12/202512/08/2025Insurance (Prop/Casualty)
AMWDUgly double bottom      11/19/202512/09/2025Building Materials
ASHTriple bottom      09/30/202511/20/2025Chemical (Basic)
BAHHead-and-shoulders bottom      10/30/202512/03/2025IT Services
CEHorn bottom      11/03/202511/17/2025Chemical (Basic)
CNPTriple top      09/29/202511/18/2025Electric Utility (Central)
CRHDouble Bottom, Adam and Adam      11/18/202511/21/2025Cement and Aggregates
^DJUTriple top      11/10/202511/28/2025None
BOOMHead-and-shoulders bottom      11/07/202512/02/2025Metal Fabricating
EMNHorn bottom      11/03/202511/17/2025Chemical (Diversified)
EGDouble Bottom, Adam and Adam      11/20/202512/08/2025Insurance (Prop/Casualty)
FDSUgly double bottom      11/06/202511/19/2025Information Services
FDPUgly double bottom      10/29/202511/20/2025Food Processing
FRDDouble Bottom, Adam and Adam      12/01/202512/09/2025Building Materials
GNWUgly double bottom      11/18/202512/02/2025Insurance (Life)
GLTriple bottom      11/03/202512/03/2025Insurance (Life)
GFFUgly double bottom      11/18/202512/09/2025Building Materials
HOVPipe top      11/24/202512/01/2025Homebuilding
HUNHead-and-shoulders bottom      10/14/202511/18/2025Chemical (Specialty)
IIINBig W      10/16/202511/21/2025Building Materials
IPIUgly double bottom      11/06/202511/19/2025Chemical (Diversified)
IRMDouble Bottom, Eve and Eve      11/21/202512/03/2025Industrial Services
KELYAUgly double bottom      11/21/202512/08/2025Human Resources
LAMRDouble Top, Adam and Adam      11/26/202512/08/2025Advertising
LENPipe top      11/24/202512/01/2025Homebuilding
LPLAPipe bottom      11/17/202511/24/2025Securities Brokerage
MANHPipe bottom      11/17/202511/24/2025IT Services
MRKPipe top      11/24/202512/01/2025Drug
NFGRising wedge      11/05/202512/11/2025Natural Gas (Diversified)
NEUTriangle, symmetrical      11/19/202512/09/2025Chemical (Specialty)
NEEDiamond top      11/10/202512/03/2025Electric Utility (East)
OGEDouble Top, Adam and Eve      11/12/202511/28/2025Electric Utility (Central)
OLNUgly double bottom      11/20/202512/08/2025Chemical (Basic)
OXMDead-cat bounce      12/11/202512/11/2025Apparel
PKEHead-and-shoulders complex bottom      10/30/202512/02/2025Chemical (Specialty)
PETSFlag, high and tight      12/08/202512/11/2025Medical Services
PLXSDouble Bottom, Adam and Adam      10/10/202511/21/2025Electronics
PORDouble Top, Adam and Eve      11/13/202511/28/2025Electric Utility (West)
PEGHead-and-shoulders complex top      09/15/202511/28/2025Electric Utility (East)
RRCDouble Top, Adam and Adam      11/20/202512/05/2025Petroleum (Producing)
RGAPipe bottom      10/27/202511/03/2025Insurance (Life)
RDouble Bottom, Adam and Eve      10/23/202511/20/2025Trucking/Transp. Leasing
SIGIDouble Bottom, Eve and Eve      11/18/202512/05/2025Insurance (Prop/Casualty)
SHOPPipe bottom      11/10/202511/17/2025E-Commerce
SGIUgly double bottom      11/04/202511/18/2025Furn/Home Furnishings
TGTPipe bottom      11/17/202511/24/2025Retail Store
TECHPipe top      11/24/202512/01/2025Biotechnology
TWLOHead-and-shoulders bottom      11/07/202512/05/2025E-Commerce
WRBDouble Top, Eve and Eve      10/14/202511/21/2025Insurance (Prop/Casualty)
WEXPipe bottom      11/10/202511/17/2025Information Services

 

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Thursday 12/11/25. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.3% or 77.67 points. Since 02/05/1971 the Nasdaq made 708 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 388 occasions.
     Average loss was -0.7% on 320 occasions.
Expect the Nasdaq to close higher 54.8% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 303/550 or 55.1% of the time.
     The prediction of the Nasdaq closing lower has been right 87/181 or 48.1% 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 tall spike upward at A shows the 2 PM time when the FED was supposed to announce their decision. The quarter point cut was well received by the market, at least initially (which bar A confirms).

The index wobbled up and down, eventually forming a chart pattern called a broadening top. I show the pattern outlined with two diverging red lines.

At B is another chart pattern called a double bottom. It confirms as a valid chart pattern when the index closes above the highest peak between the two bottoms. Confirmation happened at bar A.

The hooking rise from C to D is a pattern called an inverted and ascending scallop. Price bottoms on the right side and often continues rising above the pattern's peak.

That's what I expect to happen. The index may drop some at the open, but I expect the index to rise.

$ $ $

Here's a symbol list of 109 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, ACIW, AES, AEO, AEP, AXP, APH, AON, AWI, ADP, BSET, BOOT, BSX, BG, CNO, CGNX, CMTL, CXW, CR, CROX, DECK, DOV, EXP, ECL, EFX, EL, EVH, EXC, FIS, FISV, FLS, FMC, FRD, IT, GFF, GES, HLIT, HOV, JBHT, INTC, JKHY, KMB, LHX, LEN, MHO, MKTX, MRTN, MLM, MRK, MRCY, MLI, NWL, NOC, NUS, NTNX, POR, PPL, PGR, PHM, RGS, RLI, ROG, ROST, RGLD, ^GSPC, SAIA, SMG, SHW, SO, SNPS, TECH, TER, TMO, TJX, TOL, TZOO, TWLO, UHAL, UGI, UIS, VFC, VMC, WMT, WAT, XEL, ITA, IYM, BOTZ, MXI, ITB, EWK, EWI, EWJ, EWT, PHO, SSO, XLF, XLI, XLB, SPY, XAR, UNG, VIS, VAW. Click this link for details (pattern type, start and end dates).

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

$ $ $

The 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  21,097.88    
 Monthly S1  22,376.02  1,278.14   
 Weekly S2  22,911.63  535.61   
 Monthly Pivot  23,176.43  264.80   
 Weekly S1  23,282.89  106.46   
 Daily S2  23,328.89  46.00   
 Low  23,435.17  106.28   
 Weekly Pivot  23,481.48  46.31   
 Daily S1  23,491.53  10.05   Yes! The Daily S1 is close to the Weekly Pivot.
 Open  23,536.00  44.47   
 61.8% Down from Intraday High  23,537.89  1.89   Yes! The 61.8% Down from Intraday High is close to the Open.
 50% Down from Intraday High  23,569.63  31.73   
 Daily Pivot  23,597.80  28.18   
 38.2% Down from Intraday High  23,601.36  3.55   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close  23,654.16  52.80   
 High  23,704.08  49.92   
 Daily R1  23,760.44  56.36   
 Weekly R1  23,852.74  92.31   
 Daily R2  23,866.71  13.97   Yes! The Daily R2 is close to the Weekly R1.
 Weekly R2  24,051.33  184.61   
 Monthly R1  24,454.57  403.24   
 Monthly R2  25,254.98  800.41   

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