As of 04/23/2025   Indus: 39,607 +419.59 +1.1%     Trans: 13,510 +141.53 +1.1%     Utils: 1,027 +1.67 +0.2%     Nasdaq: 16,708 +407.63 +2.5%     S&P 500: 5,376 +88.10 +1.7%	YTD -6.9%   -15.0%    +4.5%   -13.5%   -8.6%	Targets    Overview: 04/11/2025     37,700 or 42,000 by 05/01/2025   14,400 or 12,500 by 05/01/2025   1,050 or 900 by 05/01/2025   15,250 or 17,600 by 05/01/2025   4,900 or 5,600 by 05/01/2025
Chart Pattern Indicator: on 4/15/25

As of 04/23/2025   Indus: 39,607 +419.59 +1.1%     Trans: 13,510 +141.53 +1.1%     Utils: 1,027 +1.67 +0.2%     Nasdaq: 16,708 +407.63 +2.5%     S&P 500: 5,376 +88.10 +1.7%	YTD -6.9%   -15.0%    +4.5%   -13.5%   -8.6%
Targets    Overview: 04/11/2025     37,700 or 42,000 by 05/01/2025   14,400 or 12,500 by 05/01/2025   1,050 or 900 by 05/01/2025   15,250 or 17,600 by 05/01/2025   4,900 or 5,600 by 05/01/2025
Chart Pattern Indicator: on 4/15/25

Recent Headlines Thursday 4/24/25. Intraday Market Direction: Nasdaq Wednesday 4/23/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 4/22/25. Slider Trading Quiz! Tuesday Morning (TUES) Monday 4/21/25. Market Monday: The Week Ahead Thursday 4/17/25. Intraday Market Direction: Nasdaq

Older Headlines Wednesday 4/16/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 4/15/25. Slider Trading Quiz! TXU (symbol: TXU) Monday 4/14/25. Market Monday: The Week Ahead Friday 4/11/25. Pattern Trading Setups for the Weekend. Thursday 4/10/25. Intraday Market Direction: Nasdaq Wednesday 4/9/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 4/8/25. Slider Trading Quiz! Ugly Double Bottom Tutorial Monday 4/7/25. World War 3 Has Started Friday 4/4/25. Pattern Trading Setups for the Weekend. Thursday 4/3/25. Intraday Market Direction: Nasdaq Wednesday 4/2/25. A Look at the Chart Pattern Indicator (CPI)

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Thursday 4/24/25. Intraday Market Direction: Nasdaq

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

The green line is a trendline drawn along price bottoms (valleys). The index pierces the line and attempts a pullback to the trendline but doesn't quite make it.

Labeled in red is another chart pattern called a head-and-shoulders bottom. RS is the right shoulder and LS is the left. It confirms as a valid pattern when the index closes above the red line. That happens when the index gapped up at the open on Wednesday.

Now, it looks like it's attempting a throwback, which is similar to a pullback, except it happens on top of the pattern when price drops to the breakout price.

What does this mean? It suggests a bit more of a decline followed by a resumption of the upward move.

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Here's a symbol list of 110 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABT, AEIS, ANIK, APA, AAPL, AMAT, ADM, ARW, AVNT, BECN, BIO, BMRN, BA, BAH, BCO, BR, BBW, CALM, CLS, COR, CHKP, CGNX, CAG, GLW, COTY, CSGS, CW, XRAY, DFS, DSGR, EL, EXPI, EZPW, FAST, FLEX, FCX, GE, GPRO, HE, HUM, IDXX, ILMN, IBP, INTC, IPI, KFRC, KMB, KLIC, LZB, LEG, LMT, MTDR, MUR, NEU, OLN, OMCL, ON, PATK, PCG, PPL, QTWO, RL, ROK, ROL, RES, R, SBH, SAIC, SRE, STR, SCCO, TPR, TECH, TEVA, TKR, TOL, TRV, UNH, VFC, WSO, WERN, WSM, IYC, IEZ, QTEC, FXI, ICF, ILF, SOXX, EWK, EWZ, ECH, EEM, EWQ, EWG, EWH, EWJ, EWM, EWW, EWS, EWY, EWU, IBB, PBE, GLD. 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 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), Foresight (#Ad)

Wednesday 4/23/25. 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.

Lots of green (bullish) signals appear on the far right of the chart. The large daily swings have pushed the CPI from neutral to bullish and back again regularly. Neutral is a white bar. If you look closely, there are four neutral and three bullish bars in the last week or so.

The current reading, as I post this, is 98.1 with 100 being the max and 0 is the min.

The inset on the far left of the chart shows the indicator line.

Usually I'd say that the CPI can't rise much farther (meaning, it can drop a lot), but the index can rise. It could peg the CPI at scale top and the index could return to old highs. All of this depends on the politicians.

My guess is that we'll see the CPI fall along with the index.

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Here's a symbol list of 150 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ALRM, ALL, AXP, AIG, AME, AON, ADM, AWI, AIZ, ATO, ADP, AXS, BCPC, BAH, BRC, BCO, BG, CDNS, CALM, CE, CI, CINF, CTAS, CSCO, CLX, CNA, CNO, CTSH, CL, CSGP, CR, CRH, FANG, DSGR, ^DJI, DOV, DTE, BOOM, EXP, ECL, EME, EMR, EG, XOM, FFIV, FDS, FDP, GL, THG, HLIT, HIG, HL, HD, HWM, HUM, ITW, IBP, IIIN, PODD, TILE, IPI, INTU, KMB, LNC, LMT, L, LPLA, MRCY, NEE, JWN, NWPX, NOVT, NTNX, OMCL, ASGN, OTEX, PKG, PATK, PCG, POR, PRU, DGX, ROP, R, ^GSPC, SEE, SEIC, SIGI, SMTC, SCI, SLGN, STR, SCS, SRDX, TXT, TREX, UHAL, UIS, UNH, UNM, VMI, VRSN, VRTX, VMC, WAT, WWW, IYM, IDU, DDM, FDN, IYZ, IGV, ILF, IGE, IYF, EWA, EWK, ECH, EEM, EWH, EIS, EWI, EWJ, EPP, EWS, EWD, THD, EWU, PEJ, PHO, SSO, XLP, XLF, GLD, XLI, XLB, SPY, UNG, USO, 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.

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

Tuesday 4/22/25. Slider Trading Quiz!

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I show another slider trading quiz featuring Tuesday Morning: TUES stock.

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Here's a symbol list of 335 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ACIW, ADTN, AEIS, AMD, AKAM, ALRM, ALK, ALL, AMZN, AEP, AXP, AIG, AME, AMGN, APH, APOG, AAPL, AMAT, ATR, ACGL, ADM, ANET, AWI, ARW, AIZ, ADSK, AVA, BMI, BIO, BA, BKNG, BSX, BFH, BMY, BRKR, BBW, CBT, CDNS, CAL, CLS, CX, COR, CNC, CDAY, CIEN, CSCO, CLF, CNO, CNX, CXW, GLW, CSGP, CR, CRH, CSGS, CTS, CMI, CW, DDS, DFS, ^DJI, DOV, DUK, EXP, EBAY, ELV, EME, EMR, EQT, EXC, EXPI, EZPW, FFIV, FDS, FICO, FARO, FIS, FLEX, FLS, FORM, FTNT, FTV, FNV, FCX, GAP, IT, GD, GE, GPN, GS, GGG, GFF, HLIT, HQY, HL, HWM, IEX, ITW, NSP, IIIN, ITGR, INTC, IBKR, IPI, INTU, ISRG, IRM, KALU, KEYS, KMB, KLAC, KLIC, LZB, LH, LRCX, LAMR, LEG, LDOS, LNC, RAMP, LPLA, LXU, MTSI, MANH, MTRN, MDT, META, MU, MSFT, MCO, MS, MOS, MLI, MYGN, ^IXIC, NFG, NFLX, NTGR, NTAP, JWN, NOVT, NTNX, NVDA, OGE, OLN, OTEX, ORCL, OUT, OMI, PKG, PANW, PKE, PATK, PAYX, PCTY, PYPL, PEN, PLXS, PFG, PGR, PEG, PSTG, QTWO, QCOM, RL, RMBS, RJF, RTX, RGS, ROK, ROG, R, ^GSPC, SAIA, CRM, SCHW, SEE, SEIC, SMTC, NOW, SHOP, SLGN, SKYW, SGI, SWX, SPSC, SXI, SSYS, SNPS, TGT, TDOC, TDY, TXT, TTD, TKR, TSCO, TDG, TRV, TZOO, TG, TREX, TWLO, UNH, UNM, VMI, VECO, V, WRB, WSO, WLK, WPM, WSC, WWD, WDAY, ITA, IAI, IYC, DDM, FTEC, FDN, QTEC, FXL, BOTZ, QQQ, IYH, IHF, IAT, IYZ, IEV, IGV, MXI, IXN, SOXX, SLV, IYF, EWA, EWO, EWK, EWC, EWQ, EWG, EIS, EWI, EWJ, EWM, EPP, EZA, EWY, EWP, EWD, EWL, EWT, THD, QLD, PPA, PEJ, SSO, ROBO, XLY, XLF, GLD, XLI, SPY, XAR, XLK, UNG, SMH, VIS, 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.

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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), Foresight (#Ad)

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