As of 12/26/2025   Indus: 48,711 -20.19 0.0%     Trans: 17,647 -22.18 -0.1%     Utils: 1,070 -1.59 -0.1%     Nasdaq: 23,593 -20.21 -0.1%     S&P 500: 6,930 -2.11 0.0%	YTD  +14.5%    +11.0%    +8.9%    +22.2%    +17.8%	Targets    Overview: 12/12/2025     49,500 or 47,000 by 01/01/2026   18,750 or 17,000 by 01/01/2026   1,100 or 1,040 by 01/01/2026   24,500 or 22,400 by 01/01/2026   7,250 or 6,650 by 01/01/2026
Chart Pattern Indicator: on 12/24/25

As of 12/26/2025   Indus: 48,711 -20.19 0.0%     Trans: 17,647 -22.18 -0.1%     Utils: 1,070 -1.59 -0.1%     Nasdaq: 23,593 -20.21 -0.1%     S&P 500: 6,930 -2.11 0.0%	YTD  +14.5%    +11.0%    +8.9%    +22.2%    +17.8%
Targets    Overview: 12/12/2025     49,500 or 47,000 by 01/01/2026   18,750 or 17,000 by 01/01/2026   1,100 or 1,040 by 01/01/2026   24,500 or 22,400 by 01/01/2026   7,250 or 6,650 by 01/01/2026
Chart Pattern Indicator: on 12/24/25

Recent Headlines Monday 12/29/25. Market Monday: The Week Ahead Friday 12/26/25. Pattern Trading Setups for the Weekend. Thursday 12/25/25. Market Holiday. For those celebrating, have a happy and safe holiday! Wednesday 12/24/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 12/23/25. Slider Trading Quiz!Southern Company: SO, Support and Resistance

Older Headlines Monday 12/22/25. Market Monday: The Week Ahead Friday 12/19/25. Pattern Trading Setups for the Weekend. Thursday 12/18/25. Intraday Market Direction: Nasdaq Wednesday 12/17/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 12/16/25. Slider Trading Quiz! Southwest Airlines: LUV (actual trade) Monday 12/15/25. Market Monday: The Week Ahead Friday 12/12/25. Pattern Trading Setups for the Weekend. Thursday 12/11/25. Intraday Market Direction: Nasdaq Wednesday 12/10/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 12/9/25. Slider Trading Quiz! Southwest Airlines v1: LUV (actual trade) Monday 12/8/25. Market Monday: The Week Ahead

Archives December Archive November Archive October Archive September Archive All Archives

Monday 12/29/25. 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 utilities on the daily scale.

I drew an odd looking head-and-shoulders top chart pattern. LS is the left shoulder, RS is the right one, and Head is the, well, head.

The horizontal red line at A shows where the squiggles turn into a valid chart pattern. That happens when the index closes below the red line.

BC looks like a potential double bottom. That chart pattern has two bottoms near the same price with a peak between the two bottoms. A close above that central peak at D confirms the pattern as valid. Confirmation hasn't happened yet, but I expect it to.

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

No options expire this week.

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 is over.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here's a symbol list of 89 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ABM, AES, ALGT, APH, APOG, AMAT, BSET, BSX, BCO, CBT, CALM, CLS, CENX, CINF, CLX, CNO, CNX, CCK, CMI, DHR, ELV, FAST, FIVN, FLEX, FMC, FTV, FWRD, FCX, GFS, THG, HLIT, HON, HOV, HUBG, IEX, INCY, IBP, IRM, JKHY, KSS, LRCX, LDOS, LNC, MTDR, MDT, NFG, NOC, NWPX, NUS, ORI, OMCL, OMC, PCTY, PETS, PNW, PLXS, RNG, SBH, SRE, SMTC, SHW, TXT, TG, WU, WSC, ITA, FXL, MXI, IXN, SLV, EWA, EWZ, ECH, EEM, EWH, EPP, EWY, PPA, DBA, PXJ, GLD, XHB, 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.

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 12/26/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 90 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ALB, ALGT, AEE, APH, APOG, ADM, AWI, BSET, BSX, BR, CBT, CPB, CMTL, CAG, COST, ^DJT, D, ELV, EG, EVRG, EXPD, EZPW, FAST, FIS, FIVN, FLEX, IT, GFS, GL, GES, THG, HLIT, HE, HL, HOLX, HURC, ITW, INCY, IIIN, PODD, TILE, JKHY, LXU, MCO, MOS, NFG, NOV, OMC, ORCL, PETS, PLXS, KWR, RGS, RNG, SAIA, SMG, SMTC, SR, TGT, TDOC, RIG, VECO, VC, WPM, IYK, IYC, IEV, EEM, EWG, EWI, EWM, EWY, THD, PPA, PBE, XLI, XLB, XRT, 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.

$ $ $

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)

Wednesday 12/24/25. 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.

The most recent signal is bearish, which appears as the red vertical bar on the far right of the chart. The CPI has a reading of 14.8 in a range of 0 to 100.

I drew a violet line across the peaks of both the CPI and the index. Notice that they diverge. The theory says that sooner or later the index will follow the CPI lower. That's not true, as I recall. Sometimes divergence can last for months and then it fades away.

Look back at April-May for an example. The CPI eases lower. The index ignores it and keeps rising. However, the index does dip when the CPI turns bearish, so maybe this isn't a good example of divergence not working.

Returning to the most recent signal, with light trading ahead, you might expect the CPI to bounce around. Signals can change for up to a week. The bearish signal suggests the index is going to retrace in the coming days.

$ $ $

Here's a symbol list of 123 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ALRM, ALK, ALGT, AEO, AFG, AME, APH, ANIK, APOG, ADP, AVNT, BSET, BIIB, BKNG, BSX, BLDR, CBT, CE, CLNE, CAG, COP, COTY, DVN, ECL, ELV, EPAM, EXC, EXPD, EZPW, FICO, FIVN, FLEX, FORM, FCX, GME, GAP, GIS, GNW, GPN, GFS, GOOGL, HLIT, HIG, HE, HTLD, HL, HWM, HURC, INCY, IIIN, PODD, JKHY, KEYS, KFRC, KSS, L, MHO, MTRN, META, MLKN, ^IXIC, NOV, NWPX, NVDA, OMCL, OMC, OMI, PETS, PFE, PLXS, PGR, DGX, RTX, RNG, RLI, SBH, SMG, SEIC, SLGN, TGT, TSCO, VEEV, VC, WSO, ITA, FTEC, AIQ, QQQ, IEV, MXI, IXN, IHI, EWA, EWK, EWG, EWM, EPP, EWS, EZA, EWD, EWL, EWU, QLD, PPA, PXJ, XLP, XHB, XRT, SMH, VAW, MGK. 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 12/23/25. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring Southern Company: SO, support and resistance.

$ $ $

Here's a symbol list of 143 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ANF, AA, AEO, AFG, ANIK, AR, AON, APOG, ACGL, AWI, ARW, ATO, AZTA, BALL, BSET, BZH, BBY, BG, CDNS, CF, CI, CTAS, CLF, CNA, CNX, CGNX, CMTL, COTY, CSGS, ^DJT, DOV, EOG, EG, EXPD, FTNT, FCX, FDP, FRD, GAP, GIS, GNW, HIG, HE, HQY, DHI, HOV, HURC, IIIN, INTC, ISRG, JKHY, JBLU, KSS, LEN, L, LPLA, MTSI, NFLX, NTGR, NEU, NEE, NKE, NWPX, NVDA, ORI, OMCL, OMC, ASGN, OMI, PANW, PTEN, PYPL, PCG, PLXS, POR, PHM, PSTG, KWR, QCOM, RLI, R, ^GSPC, SBH, SMTC, TGT, TDY, TER, TMO, TJX, TREX, UGI, VRTX, WAT, WU, WPM, WWD, ITA, IYM, IYZ, MXI, IXN, SLV, IGE, ITB, EWA, EWO, EWQ, EIS, EWM, EPP, EZA, EWY, PPA, DBA, PHO, SSO, XLY, XLP, GLD, XHB, XRT, XAR, XLK, XLU, UNG, 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.

$ $ $

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)

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