As of 01/13/2026   Indus: 49,192 -398.21 -0.8%     Trans: 18,055 -115.55 -0.6%     Utils: 1,082 +6.53 +0.6%     Nasdaq: 23,710 -24.03 -0.1%     S&P 500: 6,964 -13.53 -0.2%	YTD  +2.3%    +4.0%    +1.3%    +2.0%    +1.7%	Targets    Overview: 01/01/2026     50,000 or 48,000 by 01/15/2026   18,400 or 16,800 by 01/15/2026   1,040 or 1,100 by 01/15/2026   24,500 or 22,400 by 01/15/2026   7,250 or 6,700 by 01/15/2026
Chart Pattern Indicator: on 1/8/26

As of 01/13/2026   Indus: 49,192 -398.21 -0.8%     Trans: 18,055 -115.55 -0.6%     Utils: 1,082 +6.53 +0.6%     Nasdaq: 23,710 -24.03 -0.1%     S&P 500: 6,964 -13.53 -0.2%	YTD  +2.3%    +4.0%    +1.3%    +2.0%    +1.7%
Targets    Overview: 01/01/2026     50,000 or 48,000 by 01/15/2026   18,400 or 16,800 by 01/15/2026   1,040 or 1,100 by 01/15/2026   24,500 or 22,400 by 01/15/2026   7,250 or 6,700 by 01/15/2026
Chart Pattern Indicator: on 1/8/26

Recent Headlines Wednesday 1/14/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 1/13/26. Slider Trading Quiz! Semtech: SMTC Monday 1/12/26. Market Monday: The Week Ahead Friday 1/9/26. Pattern Trading Setups for the Weekend. Thursday 1/8/26. Intraday Market Direction: Nasdaq
Older Headlines Wednesday 1/7/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 1/6/26. Slider Trading Quiz! SJW (symbol: SJW) Monday 1/5/26. 2026 Market Forecast Friday 1/2/26. New Patternz Released Wednesday 12/31/25. A Look at the Chart Pattern Indicator (CPI)	Archives January Archive December Archive November Archive October Archive All Archives

Wednesday 1/14/26. A Look at the Chart Pattern Indicator (CPI)

This is a picture of the chart pattern indicator on the daily scale. The indicator is the line chart below a chart of the S&P 500 composite.

Last week, I guessed correctly that the indictor would drop sharply, differing itself from the slow drop after A. That happened at B.

Since B, the markets firmed up and sent the CPI soaring until today (Tuesday). The indices eased lower, taking the CPI with it.

What's next for the CPI? I don't know. It's neutral with a reading of 62.1. Apparently, the markets didn't like a cap in interest rates credit card companies can charge consumers and the financials tumbled accompanied by weak results from JPMorgan Chase.

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Here's a symbol list of 185 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACH, ACN, ACIW, ADBE, AMD, AES, AKAM, ALRM, ALB, ALGT, DOX, AXP, AFG, APA, AMAT, ATR, ACGL, ADM, AIZ, AGO, BIIB, BA, BAH, BFH, BRKR, CBT, CAL, CX, CDAY, CHKP, CHD, CLNE, CNA, CTSH, GLW, CCK, CMI, CW, DHR, XRAY, DVN, ^DJI, DUK, EMN, ECL, EMR, EPAM, EFX, EVH, EXPI, XOM, EZPW, FIVN, FLS, FTV, GPN, THG, HQY, HP, HNI, JBHT, HURC, IDA, NSP, JKHY, JAZZ, KELYA, KMT, KFRC, KLAC, KLIC, LHX, LNC, L, LXU, M, MANH, MKTX, MLM, MU, MS, MYGN, ^IXIC, NTGR, NEE, NOVT, OGE, ORI, OMC, ASGN, OTEX, OUT, PKG, PKE, PATK, PAYX, PFE, PLXS, PPG, PRU, QTWO, QCOM, RL, RGS, RNG, RLI, RCKY, RES, SAIC, SEIC, SMTC, NOW, SGI, SWX, SPSC, SSYS, TRGP, TGT, TDC, TXN, TJX, TOL, TRV, TREX, UIS, VFC, VMI, VMC, WRB, WSM, WSC, WDAY, ITA, IYK, BOTZ, IHF, IXC, IXN, ILF, SOXX, IGE, IYF, EWA, ECH, EWG, EWM, EWS, THD, TUR, PPA, DBA, PBE, PJP, XLF, XLV, XLI, USO, VIS. Click this link for details (pattern type, start and end dates).

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

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

Tuesday 1/13/26. Slider Trading Quiz!

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I show another slider trading quiz featuring Semtech: SMTC stock.

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Here's a symbol list of 144 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, ABM, AEIS, AES, AKAM, ALB, DOX, AEO, AXP, AFG, AMN, AMAT, ATR, BIIB, BAH, BFH, BRKR, CBT, CALM, CE, CHKP, CI, CSCO, CLNE, CLF, CNA, CAG, CR, DHR, XRAY, DDS, DOV, EPAM, EFX, EVRG, EXPD, FFIV, FIS, FTV, FNV, FCX, GFS, GL, HLIT, HL, HD, IEX, TILE, KELYA, KEYS, KSS, LDOS, LLY, LNC, LXU, MHO, M, NJR, NOC, NUS, OMC, OTEX, OR, OXM, PKE, PATK, PYPL, PFE, PNW, RJF, RTX, RHI, RES, SBH, SAIC, SEIC, SCI, NOW, SCCO, SWX, SXI, TDOC, TFX, TOL, TRV, TZOO, TG, UHAL, VECO, V, WPM, WMB, WSM, WSC, ITA, IYM, IAI, IYC, IEZ, IDU, FXI, BOTZ, IHF, IEV, MXI, IXN, ILF, SLV, IHI, EWK, ECH, EEM, EWG, EWI, EWJ, EWM, EWW, EZA, EWP, EWD, EWT, TUR, EWU, PPA, PBE, PHO, XLY, GLD, XLB, XLU, 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.

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

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

Monday 1/12/26. Market Monday: The Week Ahead

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

My Prediction

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

AB is an unusual looking double bottom chart pattern. I say it's unusual because the left side enters the pattern from the bottom, not the top.

The pattern confirms as valid when the index closes above the green line at C. The height of the pattern gives us a target when it's added to the green line. The move after the breakout (a close above the green line) looks to approach the height of the pattern. So price meets the target. You might see the index throwback to the breakout price or below.

The triple bottom also confirms at a different C, as shown on the chart.

A Brief Look Back

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

For the Week...

Year to Date...

Options Expiration

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

Swing Traders: Pivot Points

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

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

Here are the formulas:

Earnings, Chart Patterns & Industries

Earnings season will be starting in about 4 days.

Here's a symbol list of 146 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ABM, APD, ALK, ALB, AEO, AXP, AIG, AMWD, AMAT, ATR, AWI, ARW, ADSK, ADP, AVY, BZH, BRC, BFH, BLDR, BG, CBT, CF, CI, CINF, CSCO, CLNE, CMTL, CXW, CSGP, CR, CRH, DDS, BOOM, EXP, EPAM, EFX, EL, FNV, FDP, GFF, THG, HLIT, HIG, HTLD, HL, HSY, DHI, HOV, ILMN, IBP, IPAR, TILE, IPI, JKHY, KBH, KFRC, LZB, LH, LDOS, LEN, LNC, LOW, MHO, M, MLM, MAS, MLI, NWL, NOC, NWPX, NVDA, OMC, ASGN, OTEX, OXM, PATK, PYPL, PG, PHM, KWR, ROK, ROG, ROL, SBH, SEIC, SRE, NOW, SHW, SGI, SCCO, LUV, SXI, TECH, TDOC, TDC, TOL, TSCO, TRV, TREX, VFC, VECO, VMC, WRB, WSO, WPM, WMB, WSC, WDAY, IYM, IYK, IYC, BOTZ, IHF, ILF, SOXX, IGE, ITB, IHI, EWZ, EIS, TUR, PHO, XLP, GLD, XHB, 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.

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

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