As of 05/16/2022
Indus: 32,223 +26.76 +0.1%
Trans: 14,335 -121.64 -0.8%
Utils: 994 +1.06 +0.1%
Nasdaq: 11,663 -142.21 -1.2%
S&P 500: 4,008 -15.88 -0.4%
|
YTD
-11.3%
-13.0%
+1.3%
-25.5%
-15.9%
|
|
As of 05/16/2022
Indus: 32,223 +26.76 +0.1%
Trans: 14,335 -121.64 -0.8%
Utils: 994 +1.06 +0.1%
Nasdaq: 11,663 -142.21 -1.2%
S&P 500: 4,008 -15.88 -0.4%
|
YTD
-11.3%
-13.0%
+1.3%
-25.5%
-15.9%
| |
| ||
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I show another slider trading quiz featuring PPG Industries (PPG) stock.
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Here's a symbol list of 64 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AXDX, ALL, DOX, AEE, APA, ARCB, ATO, BERY, BMY, BBW, CBT, CALM, CVX, CSCO, CLF, CNA, CMTL, CAG, DSGR, WIRE, FLEX, FRD, GPS, GPRO, GFF, HIG, HTLD, HSII, HP, HNI, IDA, IVC, KALU, KMT, KFRC, KSS, KLIC, LZB, LANC, M, NFG, NXGN, OXY, OMI, PANW, PFE, PCG, PRU, KWR, RMBS, REV, RLI, SSYS, SUM, TKR, TG, VMC, IHE, DBA, PJP, UNG. Clink 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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 28,717.29 | ||
Monthly S1 | 30,470.35 | 1,753.07 | |
Weekly S2 | 30,543.99 | 73.63 | |
Weekly S1 | 31,383.70 | 839.72 | |
Daily S2 | 31,636.03 | 252.33 | |
Low | 31,928.18 | 292.15 | |
Daily S1 | 31,929.73 | 1.55 | Yes! The Daily S1 is close to the Low. |
Weekly Pivot | 32,067.94 | 138.21 | |
61.8% Down from Intraday High | 32,151.97 | 84.03 | |
Open | 32,152.15 | 0.18 | Yes! The Open is close to the 61.8% Down from Intraday High. |
50% Down from Intraday High | 32,221.10 | 68.95 | |
Daily Pivot | 32,221.87 | 0.77 | Yes! The Daily Pivot is close to the 50% Down from Intraday High. |
Close | 32,223.42 | 1.55 | Yes! The Close is close to the Daily Pivot. |
38.2% Down from Intraday High | 32,290.23 | 66.81 | |
High | 32,514.02 | 223.79 | |
Daily R1 | 32,515.57 | 1.55 | Yes! The Daily R1 is close to the High. |
Daily R2 | 32,807.71 | 292.15 | |
Weekly R1 | 32,907.65 | 99.94 | |
Monthly Pivot | 32,981.29 | 73.63 | |
Weekly R2 | 33,591.89 | 610.60 | |
Monthly R1 | 34,734.35 | 1,142.46 | |
Monthly R2 | 37,245.29 | 2,510.93 |
I show the Dow transports on the daily scale.
LHR is a head-and-shoulders bottom with L being the left shoulder, H is the head, and R is the right shoulder. The chart pattern suggests a rise that was achieved, or close to being achieved, at D.
More recently, pattern AB is a double top It confirmed as a valid chart pattern when the index closed below the red line, near C.
What does all of this mean going forward? The quick drop and recovery after C is what's called a pullback. After a pullback, there's a 54% chance that the index will resume the downtrend (according to my book, Encyclopedia of Chart Patterns, 3rd edition (#ad))
Because the predicted trend is about random, it doesn't help us, does it? However, the index is resting on support (created by the recent valleys near the same price) so my guess is the index will continue moving higher. The index dropped enough days in a row that a decent rebound is overdue.
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.
Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).
The following is based on an SFO article in December 2004 by John Seekinger, titled, "Take a two-dimensional approach." He offers these tips.
Index | S2 | S1 | Pivot | R1 | R2 |
Dow Industrials (^DJI): Daily | 31,699 | 31,948 | 32,112 | 32,361 | 32,525 |
Weekly | 30,535 | 31,366 | 32,059 | 32,890 | 33,583 |
Monthly | 28,708 | 30,453 | 32,972 | 34,717 | 37,236 |
S&P500 (^GSPC): Daily | 3,934 | 3,979 | 4,009 | 4,054 | 4,084 |
Weekly | 3,766 | 3,895 | 3,988 | 4,117 | 4,210 |
Monthly | 3,478 | 3,751 | 4,132 | 4,405 | 4,786 |
Nasdaq (^IXIC): Daily | 11,378 | 11,591 | 11,724 | 11,938 | 12,070 |
Weekly | 10,753 | 11,279 | 11,635 | 12,161 | 12,517 |
Monthly | 9,606 | 10,706 | 12,208 | 13,308 | 14,810 |
Here are the formulas:
Earnings season is either underway or should be starting soon. The sessions could be more volatile.
Here's a symbol list of 137 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AYI, ADBE, AEIS, AYX, AMED, AMN, APA, AMAT, ATR, AWI, ADSK, AVY, AZTA, BALL, BZH, BERY, BIIB, BMY, BBW, CBT, CAL, CLS, CF, CVX, CHS, CLNE, COP, COTY, CROX, DVN, EXP, EIX, EOG, EPAM, RE, FAST, FDX, FIS, FLEX, FORM, FRD, GPRO, GGG, GFF, HLIT, HSII, HP, HSIC, JBHT, IEX, IDXX, ILMN, NVTA, JBLU, KALU, KMT, KFRC, KLIC, LRCX, LEG, MRO, MCHX, MTRX, MCO, NFG, OXY, ORI, OLN, OXM, PANW, PTEN, PCG, PGR, KWR, RMBS, RGS, RGA, RNG, RCKY, ROST, RES, ^GSPC, SLB, SEE, NOW, SKX, SUM, TECH, TDOC, TDC, TER, TEVA, TMO, TKR, TOL, TREX, VEEV, VMC, WAT, WSO, WMB, WOLF, WWW, XEL, ZBRA, IYE, ITB, IYH, IEO, IHI, EWK, EWZ, EWC, EWS, THD, IBB, PBE, PHO, IXC, XLE, GLD, XLV, XHB, XAR, USO, VHT. Clink 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.
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-- Thomas Bulkowski
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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: ANF, ACN, AYI, AEIS, AJRD, ATSG, AA, ALKS, AEE, AEL, AXP, ABC, AMN, APH, APA, AMAT, AWI, AGO, ADSK, AVNT, AXS, BCPC, BAX, BERY, BA, EPAY, BMY, BBW, CBT, CALM, CAL, CE, CNC, CNP, CENX, CIEN, CLF, CRH, CMI, DDS, DFS, DRQ, EIX, EOG, EXC, EXPD, FDX, FLEX, FTNT, FCX, GME, GNW, GS, GPRO, GFF, GES, HIG, HSII, HELE, HP, HNI, IDXX, KALU, KFRC, KLAC, KLIC, LHX, LH, LRCX, LEG, LNC, LXU, MHO, MAS, MRK, FB, MU, MCO, MS, NFG, CNR, OXY, OLN, OMCL, ASGN, OXM, PAYX, PCG, PRU, PEG, KWR, RMBS, REV, SEE, SMTC, SCCO, LUV, SUM, TPR, TKR, TSCO, RIG, TREX, SLCA, VMC, WWW, IHE, FXI, IYH, SLV, EWA, EWO, EWH, EWM, EPP, EWY, EWT, TUR, EWU, PBE, PXJ, PJP, IEV, MXI, XLP. Clink 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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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
Symbol | Chart Pattern | Bullish Bearish | Start | End | Industry |
ACIW | Double Top, Adam and Adam | 04/21/2022 | 05/05/2022 | IT Services | |
APD | Broadening top, right-angled and descending | 03/29/2022 | 05/05/2022 | Chemical (Diversified) | |
AEL | Double Top, Adam and Adam | 03/29/2022 | 04/21/2022 | Insurance (Life) | |
AXP | Triple top | 03/22/2022 | 04/21/2022 | Financial Services | |
ASH | Three Falling Peaks | 04/20/2022 | 05/04/2022 | Chemical (Basic) | |
BERY | Horn top | 04/18/2022 | 05/02/2022 | Packaging and Container | |
BMRN | Pipe top | 04/04/2022 | 04/11/2022 | Biotechnology | |
BOOT | Three Falling Peaks | 03/18/2022 | 05/04/2022 | Shoe | |
BRC | Double Top, Adam and Adam | 03/30/2022 | 05/04/2022 | Chemical (Diversified) | |
BBW | Horn top | 04/18/2022 | 05/02/2022 | Retail (Special Lines) | |
CACI | Head-and-shoulders top | 03/07/2022 | 04/07/2022 | IT Services | |
CLNE | Dead-cat bounce | 05/06/2022 | 05/06/2022 | Natural Gas (Distributor) | |
DFS | Double Top, Adam and Adam | 04/20/2022 | 05/04/2022 | Financial Services | |
^DJT | Double Top, Adam and Adam | 04/21/2022 | 05/04/2022 | None | |
FDS | Head-and-shoulders top | 03/29/2022 | 04/21/2022 | Information Services | |
FISV | Triple top | 04/05/2022 | 04/28/2022 | IT Services | |
GPRO | Horn top | 04/18/2022 | 05/02/2022 | Electronics | |
GFF | Pennant | 05/04/2022 | 05/12/2022 | Building Materials | |
GES | Head-and-shoulders top | 03/29/2022 | 05/04/2022 | Apparel | |
HON | Broadening top | 03/23/2022 | 04/29/2022 | Aerospace/Defense | |
ITGR | Triple top | 12/29/2021 | 04/20/2022 | Electronics | |
K | Ugly double bottom | 03/14/2022 | 05/03/2022 | Food Processing | |
LHX | Pipe top | 02/28/2022 | 03/07/2022 | Aerospace/Defense | |
LRCX | Horn top | 04/18/2022 | 05/02/2022 | Semiconductor Cap Equip. | |
MTSI | Triple top | 04/20/2022 | 05/04/2022 | Semiconductor | |
NFG | Horn top | 04/18/2022 | 05/02/2022 | Natural Gas (Diversified) | |
NKE | Triple top | 03/22/2022 | 04/21/2022 | Shoe | |
NOC | Triangle, symmetrical | 03/07/2022 | 05/12/2022 | Aerospace/Defense | |
NWPX | Ugly double bottom | 04/07/2022 | 05/06/2022 | Building Materials | |
PANW | Double Top, Eve and Eve | 03/31/2022 | 04/20/2022 | Computer Software and Svcs | |
PATK | Ugly double bottom | 04/07/2022 | 04/27/2022 | Retail Building Supply | |
PPG | Triple top | 03/29/2022 | 05/04/2022 | Chemical (Diversified) | |
KWR | Horn top | 04/18/2022 | 05/02/2022 | Chemical (Specialty) | |
RMBS | Horn top | 04/18/2022 | 05/02/2022 | Semiconductor Cap Equip. | |
RGS | Dead-cat bounce | 05/10/2022 | 05/10/2022 | Toiletries/Cosmetics | |
REV | Dead-cat bounce | 05/10/2022 | 05/10/2022 | Toiletries/Cosmetics | |
SLGN | Triple top | 03/22/2022 | 04/21/2022 | Packaging and Container | |
SUM | Horn top | 04/18/2022 | 05/02/2022 | Cement and Aggregates | |
TXT | Triple top | 04/21/2022 | 05/04/2022 | Diversified Co. | |
TJX | Head-and-shoulders top | 03/29/2022 | 05/04/2022 | Retail Store | |
SLCA | Head-and-shoulders top | 04/05/2022 | 05/05/2022 | Metals and Mining (Div.) | |
VMC | Horn top | 04/18/2022 | 05/02/2022 | Cement and Aggregates |
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