As of 03/21/2025   Indus: 41,985 +32.03 +0.1%     Trans: 14,609 -29.26 -0.2%     Utils: 1,009 -9.02 -0.9%     Nasdaq: 17,784 +92.42 +0.5%     S&P 500: 5,668 +4.67 +0.1%	YTD -1.3%   -8.1%    +2.7%   -7.9%   -3.6%	Targets    Overview: 02/28/2025     40,000 or 43,500 by 04/01/2025   14,400 or 16,400 by 04/01/2025   1,050 or 970 by 04/01/2025   16,200 or 19,000 by 04/01/2025   5,300 or 5,900 by 04/01/2025
Chart Pattern Indicator: on 3/20/25

As of 03/21/2025   Indus: 41,985 +32.03 +0.1%     Trans: 14,609 -29.26 -0.2%     Utils: 1,009 -9.02 -0.9%     Nasdaq: 17,784 +92.42 +0.5%     S&P 500: 5,668 +4.67 +0.1%	YTD -1.3%   -8.1%    +2.7%   -7.9%   -3.6%
Targets    Overview: 02/28/2025     40,000 or 43,500 by 04/01/2025   14,400 or 16,400 by 04/01/2025   1,050 or 970 by 04/01/2025   16,200 or 19,000 by 04/01/2025   5,300 or 5,900 by 04/01/2025
Chart Pattern Indicator: on 3/20/25

Recent Headlines Monday 3/24/25. Market Monday: The Week Ahead Friday 3/21/25. Pattern Trading Setups for the Weekend. Thursday 3/20/25. Intraday Market Direction: Nasdaq Wednesday 3/19/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 3/18/25. Slider Trading Quiz! United Online: UNTD

Older Headlines Monday 3/17/25. Market Monday: The Week Ahead Friday 3/14/25. Pattern Trading Setups for the Weekend. Thursday 3/13/25. Intraday Market Direction: Nasdaq Wednesday 3/12/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 3/11/25. Slider Trading Quiz! Universal American Financial: UHCO Monday 3/10/25. Market Monday: The Week Ahead Friday 3/7/25. Pattern Trading Setups for the Weekend. Thursday 3/6/25. Intraday Market Direction: Nasdaq Wednesday 3/5/25. A Look at the Chart Pattern Indicator (CPI) Tuesday 3/4/25. Slider Trading Quiz! UNUM Provident: UNUM Monday 2/3/25. 2025 Forecast Update

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Monday 3/24/25. Market Monday: The Week Ahead

• My Prediction
• A Brief Look Back
• Options Expiration
• Swing Traders: Pivot Points
• Earnings, Chart Patterns & Industries

My Prediction

I show the Dow utilities on the daily scale.

At A, we have a chart pattern called a broadening pattern. From this view, I can't tell if it's a top or bottom (meaning I can't tell from which direction price entered the pattern).

The breakout is downward (a close below the lowest low in the pattern), but the index didn't drop much farther.

Pattern B is harder to spot if you remove my green lines. It's a diamond bottom. This one has an upward breakout when the index closes above the upper right diagonal. Price has moved sideways since then.

Along the way, it formed a head-and-shoulders bottom, shown with an upward breakout at the neckline at C. The index hasn't climbed much so far.

My guess is that the index will struggle to move in any direction. I suppose one can argue that we're overdue for a trend to start.

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.

Here's a symbol list of 153 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ADTN, AES, ATSG, ALB, AA, ALKS, AR, ADSK, AVY, AVNT, AVA, BMI, BALL, BERY, BBY, BIIB, BKH, BMY, CDNS, CALM, CPB, CENX, CHD, CI, CTAS, CLNE, CLF, CL, CAG, COP, CXW, COTY, CCRN, FANG, BOOM, EMN, EME, EXPI, EXPD, EZPW, FAST, FDX, FCX, GIS, GILD, GPRO, GES, HSII, HELE, HSIC, HSY, HNI, IDA, IEX, ITW, INCY, INTC, IPAR, IBKR, JKHY, JNJ, KALU, KBH, KELYA, LAMR, LDOS, MTSI, MGY, MLM, MAS, MTDR, MTRX, META, MGEE, MU, MLKN, NBR, NOV, NFLX, NJR, NKE, NI, JWN, NTNX, NVDA, OXY, OLN, PKG, PANW, PKE, PAYX, PETS, PFE, PGR, PEG, PSTG, KWR, RMBS, REGN, RGS, ROG, SCHW, SMG, SMTC, LUV, SCS, TRGP, TEVA, TSCO, TDG, RIG, TG, UHAL, UPS, VLO, VMI, VECO, WU, WOLF, WWD, XEL, FXI, IYZ, IEV, MXI, ITB, EWQ, EWH, EZA, EWT, TUR, PBE, XRT, UNG, 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), Foresight (#Ad)

Friday 3/21/25. Pattern Trading Setups for the Weekend.

Here's a symbol list of 124 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACN, AES, AFL, ALB, AA, AMED, AEP, AR, BECN, BIIB, BMRN, BOOT, BMY, CBT, CDNS, CALM, CPB, CNC, CENX, CTSH, CL, CAG, COP, CCRN, FANG, BOOM, EMN, EIX, ELV, EME, EPAM, EVRG, EXPD, FARO, FAST, FISV, FNV, FCX, GME, GIS, GILD, GPRO, GES, HSII, HSY, HOLX, HUN, HURC, ITW, INTC, IPAR, JKHY, JNJ, KALU, LAMR, LLY, MTSI, MGY, MCHX, MKTX, MLM, MTDR, MTRN, MTRX, MU, MS, NBR, NOV, NFLX, JWN, NTNX, NVDA, OXY, OLN, PANW, PETS, PFE, PG, PEG, PHM, PSTG, DGX, RMBS, RLI, ROG, ROL, SBH, SCHW, SMTC, NOW, SGI, LUV, TRGP, TECH, TEVA, RIG, TG, VLO, VECO, VEEV, WU, WOLF, WWD, XEL, IYK, IDU, BOTZ, EWH, EWM, IBB, DBA, UNG, 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.

$ $ $

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), Foresight (#Ad)

Thursday 3/20/25. Intraday Market Direction: Nasdaq

$ $ $

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

At AB, we see a double bottom that confirms as a valid chart pattern when the index rises above the horizontal red line, at C.

However, the index only climbed to D (so far) which is well below what the measure rule (the height of the pattern added to the price of the top of it) suggests (but doesn't guarantee). Are you sick of (parentheses)?

At E, we see a peak that matches the one at D. The prior peak (D) has setup overhead resistance and the index failed to push through it today. It might try for a new high tomorrow.

$ $ $

Here's a symbol list of 174 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: AES, ATSG, ALB, AA, AMED, AEE, AIG, APH, AR, AMAT, ATO, ADSK, BAX, BIIB, BA, BKNG, BMY, CBT, CDNS, CALM, CPB, CX, CENX, CHKP, CINF, CLF, CLX, CNO, CL, CAG, COP, CSGP, CROX, CW, DECK, DVN, FANG, DDS, BOOM, EME, EOG, EVRG, EXPD, EZPW, FAST, FLS, FCX, FRD, GIS, GILD, GPRO, GFF, GES, HQY, HTLD, HSII, HSY, HOLX, IDXX, ITW, ILMN, INTC, JKHY, JNJ, KALU, KLAC, KSS, MTSI, MGY, MCHX, MLM, MAS, MTDR, MTRN, MTRX, MDT, MU, MOS, NBR, NOV, NFLX, NTNX, NVDA, OXY, ORI, OLN, OMC, OMI, PANW, PKE, PFE, PNW, PLXS, PPG, PFG, PEG, PSTG, RL, RMBS, RJF, RTX, RCKY, ROG, RES, R, SCHW, SIGI, SMTC, STR, SGI, LUV, SWX, SXI, SNPS, TRGP, TECH, TEVA, TDG, RIG, TG, VLO, VMI, VECO, MDRX, VC, WERN, WU, WSM, WOLF, WWD, ITA, ILF, IEO, EWH, EIS, EZA, THD, EWU, PPA, PBE, PEJ, PXJ, PJP, ROBO, XAR, UNG, SMH, 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 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)

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