Bulkowski's Blog: ThePatternSite.com
As of 04/16/2026
  Indus: 48,579 +115.00 +0.2%  
  Trans: 21,813 +865.04 +4.1%  
  Utils: 1,165 +7.98 +0.7%  
  Nasdaq: 24,103 +86.68 +0.4%  
  S&P 500: 7,041 +18.33 +0.3%  
YTD
 +1.1%  
 +25.7%  
 +9.1%  
 +3.7%  
 +2.9%  
  Targets    Overview: 04/14/2026  
  Up arrow49,800 or 46,750 by 05/01/2026
  Up arrow22,500 or 20,200 by 05/01/2026
  Down arrow1,120 or 1,200 by 05/01/2026
  Down arrow22,400 or 24,500 by 05/01/2026
  Down arrow6,675 or 7,250 by 05/01/2026
As of 04/16/2026
  Indus: 48,579 +115.00 +0.2%  
  Trans: 21,813 +865.04 +4.1%  
  Utils: 1,165 +7.98 +0.7%  
  Nasdaq: 24,103 +86.68 +0.4%  
  S&P 500: 7,041 +18.33 +0.3%  
YTD
 +1.1%  
 +25.7%  
 +9.1%  
 +3.7%  
 +2.9%  
  Targets    Overview: 04/14/2026  
  Up arrow49,800 or 46,750 by 05/01/2026
  Up arrow22,500 or 20,200 by 05/01/2026
  Down arrow1,120 or 1,200 by 05/01/2026
  Down arrow22,400 or 24,500 by 05/01/2026
  Down arrow6,675 or 7,250 by 05/01/2026

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Picture of 'Invest for two-comma wealth, second edition' book.

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Friday 4/17/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 128 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ACIW, AMD, APD, AEE, AVY, AZTA, BAX, BKH, BSX, BRC, BRKR, BLDR, CAL, CE, CX, CRL, CHKP, CINF, CSCO, CLNE, CLX, CNX, CMCO, CAG, CSGP, COTY, DECK, DDS, ELV, EVRG, EXPI, FLEX, FTV, GAP, GIS, GPN, GFS, THG, HE, HNI, HUBG, JBHT, IIIN, JBLU, KMB, LHX, LDOS, LEN, RAMP, MHO, MLM, MLKN, MS, MOS, MUR, ^IXIC, NFLX, NWL, ORI, OMC, ON, OTEX, ORCL, PTEN, PEN, PPG, QTWO, QCOM, RTX, RNG, ROP, RES, SIGI, NOW, LUV, SXI, TDOC, TDY, TEVA, TTD, TJX, TSCO, TDG, RIG, TWLO, UIS, VLO, VRTX, VMC, WLK, WPM, XEL, FXL, FXI, AIQ, QQQ, IEV, IGV, IXC, IGE, IEO, EWY, EWL, QLD, DBA, PBE, PEJ, PXJ, SSO, SPY, XAR, USO. 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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
DDDPipe bottom      03/30/202604/06/2026Electronics
ALBUgly double bottom      03/20/202604/06/2026Chemical (Diversified)
ALGTPipe bottom      03/09/202603/16/2026Air Transport
AEPPipe bottom      03/16/202603/23/2026Electric Utility (Central)
AMATDouble Bottom, Adam and Adam      03/09/202603/30/2026Semiconductor Cap Equip.
AWIHead-and-shoulders bottom      03/19/202604/02/2026Building Materials
ARWDouble Bottom, Adam and Adam      03/20/202603/30/2026Electronics
ATOBroadening top      03/02/202604/09/2026Natural Gas (Diversified)
BRCDouble Bottom, Adam and Adam      03/31/202604/07/2026Chemical (Diversified)
BRKRDouble Bottom, Adam and Adam      03/16/202603/27/2026Precision Instrument
CALPipe bottom      03/09/202603/16/2026Shoe
CMCODouble Bottom, Adam and Eve      03/19/202604/07/2026Machinery
DVNPipe top      03/23/202603/30/2026Natural Gas (Diversified)
FWRDHead-and-shoulders bottom      03/16/202603/30/2026Trucking/Transp. Leasing
FRDDouble Bottom, Adam and Adam      03/13/202603/18/2026Building Materials
GMEHead-and-shoulders bottom      03/20/202604/10/2026Retail (Special Lines)
GPNPipe bottom      03/30/202604/06/2026Computer Software and Svcs
HSICTriple bottom      03/19/202604/02/2026Medical Supplies
HNIPipe bottom      03/30/202604/06/2026Furn/Home Furnishings
ILMNTriple bottom      03/12/202604/10/2026Biotechnology
IIINDead-cat bounce      04/16/202604/16/2026Building Materials
ITGRTriangle, symmetrical      03/12/202604/14/2026Electronics
KELYADouble Bottom, Eve and Adam      03/19/202604/09/2026Human Resources
LEGDouble Bottom, Adam and Eve      03/20/202604/02/2026Furn/Home Furnishings
MPipe bottom      03/09/202603/16/2026Retail Store
MYGNHead-and-shoulders bottom      03/18/202604/13/2026Biotechnology
NOVTriangle, symmetrical      02/24/202604/15/2026Oilfield Svcs/Equipment
NWLHead-and-shoulders bottom      03/20/202604/06/2026Household Products
OMCDouble Bottom, Adam and Adam      03/27/202604/09/2026Advertising
ORCLDouble Bottom, Adam and Adam      03/30/202604/10/2026Computer Software and Svcs
PYPLUgly double bottom      02/12/202603/20/2026Financial Services
RRCPipe top      03/23/202603/30/2026Petroleum (Producing)
RGSTriangle, ascending      03/17/202604/14/2026Toiletries/Cosmetics
RNGPipe top      03/02/202603/09/2026Computer Software and Svcs
SCHWTriple bottom      02/23/202604/01/2026Securities Brokerage
SAICBroadening top      03/19/202604/10/2026IT Services
SEICDouble Bottom, Adam and Adam      03/27/202604/07/2026IT Services
SHOPDouble Bottom, Eve and Adam      03/27/202604/10/2026E-Commerce
TOLDouble Bottom, Adam and Adam      03/20/202603/30/2026Homebuilding
WSOPipe bottom      03/23/202603/30/2026Retail Building Supply
WEXDouble Bottom, Adam and Eve      03/19/202603/31/2026Information Services

 

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Thursday 4/16/26. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 1.6% or 376.94 points. Since 02/05/1971 the Nasdaq made 105 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.8% on 55 occasions.
     Average loss was -1.2% on 50 occasions.
Expect the Nasdaq to close higher 52.4% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 305/561 or 54.4% of the time.
     The prediction of the Nasdaq closing lower has been right 89/186 or 47.8% of the time.

$ $ $

Picture of the Nasdaq composite on the 5 minute scale.

I show a picture of the Nasdaq composite on the 5-minute scale.

I don't see anything of interest. I drew several trendlines connecting the bottoms. It slopes upward as if the index is going exponential.

Other than that, the chart lacks details to comment on individual patterns.

$ $ $

Here's a symbol list of 111 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACH, ACIW, ADTN, AMD, ALB, ALKS, APA, APOG, AAPL, ADSK, ADP, BIO, BCO, BMY, BRKR, BBW, BLDR, CPB, CF, CRL, CVX, CLNE, CL, CMCO, CSGS, DVN, EXP, EIX, EOG, EXPI, EZPW, FICO, FISV, FLS, FCX, FDP, GAP, GPN, GFS, HNI, HOV, JBHT, IBKR, TILE, JKHY, LEN, LXU, MHO, MGY, MSFT, MS, MLI, MYGN, ^IXIC, NFLX, NWPX, PETS, PFE, PGR, KWR, RTX, RGS, RNG, RLI, ROST, SAIA, SCHW, TDOC, TDG, TWLO, UIS, VMI, XEL, IYM, IAI, IYE, FTEC, QTEC, FXL, AIQ, IHF, IEV, IXC, MXI, ITB, EWA, EWM, EWL, THD, IBB, XLB, XAR, XLK, USO, VAW, 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

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© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  20,251.16    
 Weekly S2  21,478.83  1,227.67   
 Monthly S1  22,133.59  654.76   
 Monthly Pivot  22,572.68  439.09   
 Weekly S1  22,747.42  174.74   
 Weekly Pivot  22,879.60  132.17   
 Daily S2  23,550.65  671.05   
 Low  23,672.26  121.61   
 Open  23,688.12  15.86   Yes! The Open is close to the Low.
 Daily S1  23,783.33  95.21   
 61.8% Down from Intraday High  23,807.60  24.27   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 50% Down from Intraday High  23,849.41  41.81   
 38.2% Down from Intraday High  23,891.22  41.81   
 Daily Pivot  23,904.95  13.73   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close  24,016.02  111.07   
 High  24,026.56  10.54   Yes! The High is close to the Close.
 Daily R1  24,137.63  111.07   
 Weekly R1  24,148.19  10.56   Yes! The Weekly R1 is close to the Daily R1.
 Daily R2  24,259.25  111.05   
 Weekly R2  24,280.37  21.12   Yes! The Weekly R2 is close to the Daily R2.
 Monthly R1  24,455.11  174.74   
 Monthly R2  24,894.20  439.09   

Wednesday 4/15/26. A Look at the Chart Pattern Indicator (CPI)

Picture of the chart pattern indicator

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.

There's not a lot going on in this chart. I boxed in magenta overhead resistance created by peaks. The index is bumping up against that resistance. However, it could plow through that resistance . . . or it could drop.

The CPI is at 88 where 100 is the max. Often when it approaches 100, we see a sharp drop in the CPI but maybe not a corresponding drop in the index.

Because much of today's markets are driven by world events, I don't see anything on the chart that offers a clear prediction.

$ $ $

Here's a symbol list of 181 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACH, ACIW, AMD, A, AKAM, ALK, AA, ALGT, AMZN, DOX, AMN, APH, APA, ASH, ADSK, BMI, BIO, BKNG, BRKR, BLDR, CENX, CF, CRL, CVX, CLNE, COP, COST, CCRN, DHR, XRAY, DVN, FANG, DDS, ECL, EOG, EG, XOM, EZPW, FAST, FISV, FLS, FMC, FWRD, FNV, FRD, GAP, GE, GPN, GFS, GOOGL, HL, HNI, DHI, ITGR, IPAR, IBKR, IPI, ISRG, IRM, LZB, LEN, LNC, MGY, MAN, MA, MTDR, MRCY, META, MSFT, MS, MUR, MYGN, ^IXIC, NFLX, NTGR, NTAP, NEE, NVDA, OXY, OMC, ASGN, PYPL, PCG, PFG, PSTG, RRC, RTX, RGLD, ^GSPC, SAIA, SCHW, SHW, SHOP, SKYW, SWX, TRGP, TEVA, TDG, TREX, UGI, UIS, VFC, VECO, VRTX, V, WEX, WMB, WWD, XEL, ITA, IAI, IYC, IYE, IEZ, FTEC, FDN, QTEC, FXL, FXI, AIQ, BOTZ, IEV, IXC, MXI, IXN, SLV, IEO, EWA, EWO, EWK, EWZ, EWC, EEM, EWQ, EWG, EIS, EWI, EWJ, EWM, EWY, EWP, EWL, EWT, THD, TUR, EWU, QLD, PPA, DBA, PBE, PEJ, SSO, ROBO, XLY, XLE, SPY, XAR, XLK, USO, SMH, 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.

-- Thomas Bulkowski

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