Bulkowski's Blog: ThePatternSite.com
As of 02/18/2026
  Indus: 49,663 +129.47 +0.3%  
  Trans: 19,807 +272.86 +1.4%  
  Utils: 1,147 -19.35 -1.7%  
  Nasdaq: 22,754 +175.25 +0.8%  
  S&P 500: 6,881 +38.09 +0.6%  
YTD
 +3.3%  
 +14.1%  
 +7.4%  
-2.1%  
 +0.5%  
  Targets    Overview: 02/13/2026  
  Up arrow50,500 or 48,300 by 03/01/2026
  Up arrow20,200 or 18,150 by 03/01/2026
  Up arrow1,250 or 1,125 by 03/01/2026
  Up arrow24,750 or 22,000 by 03/01/2026
  Up arrow7,250 or 6,600 by 03/01/2026
As of 02/18/2026
  Indus: 49,663 +129.47 +0.3%  
  Trans: 19,807 +272.86 +1.4%  
  Utils: 1,147 -19.35 -1.7%  
  Nasdaq: 22,754 +175.25 +0.8%  
  S&P 500: 6,881 +38.09 +0.6%  
YTD
 +3.3%  
 +14.1%  
 +7.4%  
-2.1%  
 +0.5%  
  Targets    Overview: 02/13/2026  
  Up arrow50,500 or 48,300 by 03/01/2026
  Up arrow20,200 or 18,150 by 03/01/2026
  Up arrow1,250 or 1,125 by 03/01/2026
  Up arrow24,750 or 22,000 by 03/01/2026
  Up arrow7,250 or 6,600 by 03/01/2026

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Thursday 2/19/26. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 0.8% or 175.25 points. Since 02/05/1971 the Nasdaq made 440 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.7% on 291 occasions.
     Average loss was -0.8% on 149 occasions.
Expect the Nasdaq to close higher 66.1% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Nasdaq closing higher has been right 304/555 or 54.8% of the time.
     The prediction of the Nasdaq closing lower has been right 88/184 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 highlight a chart pattern called a complex head-and-shoulders bottom. This one has a dual head, left and right shoulders.

It confirms as a valid pattern when the index closes above the red neckline. I show that as the breakout. A throwback appears when the index returns to or comes close to the breakout price.

The chart pattern is bullish and we can see the index moving higher, about 200 points above the breakout.

$ $ $

Here's a symbol list of 157 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: MMM, ABT, ACH, ACIW, AYI, ADTN, AES, ALB, AA, AMZN, AMWD, AMN, AAPL, ANET, ASH, BAX, BBY, BIIB, BA, BRC, BFH, BLDR, CDNS, CPB, CF, CVX, CHD, CINF, CL, CMCO, CSGP, CRH, XRAY, DUK, EMN, EMR, XOM, FICO, FDX, FISV, FLS, FTV, FWRD, FRD, GD, GIS, GILD, GL, GS, HELE, HP, HNI, HUBG, INCY, TILE, IPI, JNJ, KEYS, KMB, KLIC, LEG, LLY, LNC, RAMP, MHO, MAN, MKTX, MGEE, MU, MSFT, MCO, MS, MUR, MYGN, NBR, ^IXIC, NTGR, NJR, NWPX, ORI, ASGN, OUT, PATK, PTEN, PETS, PNW, PPG, PGR, KWR, RL, RMBS, RGS, ROG, RES, SAIA, SBH, SLB, SCHW, SAIC, SEE, SIGI, SCI, SLGN, SGI, SR, SNPS, TPR, TRGP, TER, TJX, TG, TREX, UNH, VMI, VECO, VC, WSO, WU, WLK, WSC, WWD, XEL, IYM, IAI, IDU, FXL, ICF, IYH, IAT, IXC, SLV, IGE, EWP, EWU, PBE, PXJ, SSO, XLP, GLD, XLU, UNG, USO, VAW, 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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  21,462.20    
 Weekly S2  21,907.30  445.10   
 Monthly S1  22,107.92  200.61   
 Weekly S1  22,330.47  222.55   
 Daily S2  22,450.93  120.46   
 Low  22,597.77  146.84   
 Daily S1  22,602.28  4.51   Yes! The Daily S1 is close to the Low.
 Open  22,629.85  27.57   Yes! The Open is close to the Daily S1.
 61.8% Down from Intraday High  22,711.68  81.83   
 50% Down from Intraday High  22,746.87  35.19   
 Daily Pivot  22,749.12  2.25   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 Close  22,753.63  4.51   Yes! The Close is close to the Daily Pivot.
 38.2% Down from Intraday High  22,782.05  28.42   Yes! The 38.2% Down from Intraday High is close to the Close.
 Weekly Pivot  22,825.54  43.49   
 High  22,895.96  70.42   
 Daily R1  22,900.47  4.51   Yes! The Daily R1 is close to the High.
 Daily R2  23,047.31  146.84   
 Monthly Pivot  23,048.09  0.78   Yes! The Monthly Pivot is close to the Daily R2.
 Weekly R1  23,248.71  200.61   
 Monthly R1  23,693.81  445.10   
 Weekly R2  23,743.78  49.98   
 Monthly R2  24,633.98  890.20   

Wednesday 2/18/26. 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.

It might be hard to tell from the chart, but there's a white vertical band as the most recent signal. The CPI is neutral at 45.5.

The inset shows how the indicator has been wobbling around for two months now, mostly staying in the neutral to bullish area.

I drew a line under the CPI valleys to check the alignment. It appears that the line is one of support. Based only on this, it suggests the CPI will vault upward (maybe one more down day). Hopefully, the index will follow by rising.

$ $ $

Here's a symbol list of 107 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ACH, ACN, ACIW, ADBE, A, APD, ALL, AR, ASH, AGO, BALL, BAX, BIIB, BOOT, BAH, BRC, BRKR, CPB, CNC, CHD, CINF, CLX, CNA, CTSH, CL, COP, COTY, DHR, DDS, EMN, EPAM, FIS, FIVN, GPN, HLIT, HIG, HOLX, HD, HURC, IBP, ISRG, JAZZ, KMB, KSS, LHX, LDOS, LLY, L, LPLA, MHO, MKTX, MTRX, MDT, MGEE, MLKN, NI, NWPX, NUS, ORI, PATK, PAYX, PPG, PFG, QTWO, RTX, ROL, ROP, CRM, SLB, SHW, SLGN, SGI, LUV, SR, TGT, TFX, MZTI, TDG, TREX, UNM, VFC, VRSN, WSO, WU, WWD, WDAY, XEL, IYK, IYC, IYE, IYH, IXC, SLV, EWH, EWM, EWS, EWP, THD, PEJ, XLP, XLE, XLV, UNG, VHT. 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

Top

Tuesday 2/17/26. Slider Trading Quiz!

The Dow climbed by 0.1% or 48.95 points. Since 10/01/1928 the Dow made 1444 similar moves on a percentage basis. After those moves, the next day's...
     Average gain was 0.5% on 741 occasions.
     Average loss was -0.6% on 703 occasions.
Expect the Dow to close higher 51.3% of the time.
Weekly, since inception on 6/14/2011:
     The prediction of the Dow closing higher has been right 328/599 or 54.8% of the time.
     The prediction of the Dow closing lower has been right 63/128 or 49.2% of the time.

$ $ $

I show another slider trading quiz featuring Pogo Producing: PPP (actual trade).

$ $ $

I released a new version of Patternz to fix a pattern recognition bug with the Above the Stomach candle pattern.

$ $ $

Here's a symbol list of 93 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: ANF, AMGN, AAPL, AMAT, ACGL, AWI, BCPC, BZH, BIO, BSX, BMY, BRKR, BLDR, BG, CDNS, CNC, CNP, CHKP, CNX, COP, GLW, DVN, FANG, DDS, DSGR, DUK, EXP, EVH, FORM, HLIT, HSIC, HSY, HUN, HURC, IBP, IIIN, IPAR, IPI, KMB, KSS, LEN, MTSI, MANH, META, MGEE, MUR, NBR, NKE, OLN, ON, ORCL, OXM, PKG, PANW, PCTY, RL, RCKY, CRM, SMG, SRE, SHW, SGI, SR, TXT, TSCO, TRV, TREX, UHAL, UGI, VC, WMT, WSO, WSC, XEL, IYC, IYH, ILF, IEO, EWZ, ECH, EPP, EWS, EWP, XLF, XLV, XRT, VHT. 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

Top

© 2026 ThePatternSite.com    Metric  Value  Diff  Close (within 10% of the high-low range for the day)? 
 Monthly S2  47,395.96    
 Weekly S2  48,270.92  874.96   
 Monthly S1  48,448.45  177.53   
 Daily S2  48,783.46  335.01   
 Weekly S1  48,885.92  102.46   
 Low  49,084.35  198.43   
 Daily S1  49,142.20  57.84   Yes! The Daily S1 is close to the Low.
 61.8% Down from Intraday High  49,336.33  194.13   
 50% Down from Intraday High  49,414.16  77.84   
 Open  49,439.58  25.41   Yes! The Open is close to the 50% Down from Intraday High.
 Daily Pivot  49,443.09  3.51   Yes! The Daily Pivot is close to the Open.
 Monthly Pivot  49,480.62  37.53   Yes! The Monthly Pivot is close to the Daily Pivot.
 38.2% Down from Intraday High  49,492.00  11.38   Yes! The 38.2% Down from Intraday High is close to the Monthly Pivot.
 Close  49,500.93  8.93   Yes! The Close is close to the 38.2% Down from Intraday High.
 Weekly Pivot  49,699.36  198.43   
 High  49,743.98  44.63   Yes! The High is close to the Weekly Pivot.
 Daily R1  49,801.82  57.84   Yes! The Daily R1 is close to the High.
 Daily R2  50,102.71  300.89   
 Weekly R1  50,314.36  211.65   
 Monthly R1  50,533.10  218.74   
 Weekly R2  51,127.80  594.70   
 Monthly R2  51,565.28  437.48   

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