As of 01/09/2026   Indus: 49,504 +237.96 +0.5%     Trans: 18,185 +126.20 +0.7%     Utils: 1,069 +13.75 +1.3%     Nasdaq: 23,671 +191.33 +0.8%     S&P 500: 6,966 +44.82 +0.6%	YTD  +3.0%    +4.8%    +0.1%    +1.8%    +1.8%	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 01/09/2026   Indus: 49,504 +237.96 +0.5%     Trans: 18,185 +126.20 +0.7%     Utils: 1,069 +13.75 +1.3%     Nasdaq: 23,671 +191.33 +0.8%     S&P 500: 6,966 +44.82 +0.6%	YTD  +3.0%    +4.8%    +0.1%    +1.8%    +1.8%
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 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 Wednesday 1/7/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 1/6/26. Slider Trading Quiz!
Older Headlines 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) Tuesday 12/30/25. Slider Trading Quiz! Smith International: SII Monday 12/29/25. Market Monday: The Week Ahead	Archives January Archive December Archive November Archive October Archive All Archives

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)

Friday 1/9/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 200 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ANF, ABM, ACH, ACN, ALK, AMWD, AAPL, ARCB, ACGL, ADM, ADP, AVNT, AVA, BMI, BALL, BA, BRC, BCO, BG, CBT, CACI, CAL, CLS, CHD, CTAS, CSCO, CNO, CTSH, ED, CXW, GLW, CSGP, COST, CR, CTS, CW, XRAY, FANG, DDS, ^DJT, EXP, EMN, EOG, EXPI, EXPD, FFIV, FDS, FAST, FIS, FISV, FMC, FORM, FTNT, FTV, FNV, FDP, GAP, GE, GS, GGG, GFF, THG, HLIT, HIG, HTLD, HSIC, HNI, HD, HON, HOV, HWM, HUBG, HUN, IEX, ILMN, IIIN, ITGR, IPAR, TILE, JKHY, KELYA, KMT, KFRC, LHX, LEG, LDOS, LOW, LXU, M, MAN, MKTX, MRTN, MAS, MTRN, MRCY, MLKN, MLI, NWL, NOVT, NUS, NVDA, OLN, OMCL, OMC, ASGN, ORCL, OUT, PKG, PATK, PYPL, PFG, PGR, PHM, KWR, RMBS, RJF, RGS, RHI, RCKY, ROL, ROST, RES, SAIA, SBH, SGI, SR, SXI, TPR, TGT, TDY, TKR, TRV, TG, TREX, UHAL, UPS, VFC, VECO, VRSN, VC, WSO, WERN, WU, WLK, WMB, WSM, IYM, IYK, IYC, FDN, IAT, MXI, IGE, IEO, ITB, EWA, EWO, EWK, EWQ, EWH, EWW, EWS, EZA, THD, DBA, PEJ, PHO, XLY, XHB, XLB, XRT, 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 1/8/26. Intraday Market Direction: Nasdaq

$ $ $

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

Line A is a trendline beneath the valleys. The index follows the uptrend until late in today's (Wednesday's) trading when it dropped below the line.

Line B highlights a pattern called rising wedge. That's a two-trendline pattern (A and B) that has the trendlines slope upward and converge. This wedge breaks out upward when the index closes above the top trendline.

CD is another chart pattern called a double top. That's two peaks near the same price which confirms as a valid chart pattern when the index closes below green line E.

What does all of this mean? We can discount the rising wedge because it has an upward breakout and price has made its move. Likewise, the height of the double top suggests the drop has already met the target (pattern height minus the green line is the target). The current price is also resting on support which I show as a blue circle.

Bottom line: I don't know which way the index will close tomorrow. It could continue down on general market weakness (after bouncing higher at the open). That's my best guess.

$ $ $

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: DDD, ABM, ACH, ALK, AEE, AEP, AXP, AFG, AIG, AMGN, AMN, ASH, ATO, BCPC, BSET, BZH, BA, BKNG, BR, BLDR, CPB, CNP, CRL, CI, CSCO, CMCO, CSGP, CR, CRH, CCK, CSGS, CW, XRAY, DDS, DTE, DUK, EXP, EMR, EXC, GD, GE, GILD, GFS, GS, GGG, THG, HELE, HON, HWM, IEX, ITW, INCY, IBP, IPAR, JKHY, KBH, KFRC, KSS, LHX, LH, LDOS, LEN, LLY, LMT, M, MANH, MLM, MAS, MTRX, MRCY, MGEE, MYGN, NTAP, NWL, NKE, NI, OMC, OTEX, PANW, PTEN, PYPL, PCG, PNW, PPL, PHM, RMBS, RTX, ROG, SBH, SRE, SLGN, SGI, SO, SXI, TDOC, TEVA, TXT, TOL, TZOO, TG, TREX, UNH, VECO, VMC, WRB, WSO, WERN, WLK, XEL, ITA, IAI, IYC, IEZ, IDU, BOTZ, ICF, IYZ, IXN, IYF, ITB, EWK, EWC, EWG, EWS, EWP, EWD, PPA, PBE, PEJ, PHO, ROBO, XLP, XHB, XLI, XLU, 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.

$ $ $

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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