As of 01/06/2026   Indus: 49,462 +484.90 +1.0%     Trans: 18,034 +295.73 +1.7%     Utils: 1,074 +9.10 +0.9%     Nasdaq: 23,547 +151.35 +0.6%     S&P 500: 6,945 +42.77 +0.6%	YTD  +2.9%    +3.9%    +0.5%    +1.3%    +1.5%	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   22,400 or 24,500 by 01/15/2026   7,250 or 6,700 by 01/15/2026
Chart Pattern Indicator: on 1/5/26

As of 01/06/2026   Indus: 49,462 +484.90 +1.0%     Trans: 18,034 +295.73 +1.7%     Utils: 1,074 +9.10 +0.9%     Nasdaq: 23,547 +151.35 +0.6%     S&P 500: 6,945 +42.77 +0.6%	YTD  +2.9%    +3.9%    +0.5%    +1.3%    +1.5%
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   22,400 or 24,500 by 01/15/2026   7,250 or 6,700 by 01/15/2026
Chart Pattern Indicator: on 1/5/26

Recent Headlines Wednesday 1/7/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 1/6/26. Slider Trading Quiz! 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)

Older Headlines Tuesday 12/30/25. Slider Trading Quiz! Smith International: SII Monday 12/29/25. Market Monday: The Week Ahead Friday 12/26/25. Pattern Trading Setups for the Weekend. 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 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)

Archives January Archive December Archive November Archive October Archive All Archives

Wednesday 1/7/26. 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.

With large gains in the index today and yesterday, the CPI is nearly at the top of the scale, at 96.7, where 100 is max and 0 is min.

The inset shows the upward move. I included a similar move higher in November. Notice that when the CPI reached near the top of the scale, it backtracked, slowly easing to the late December low before it rebounded this month.

Will that happen this time around? My guess is we'll see the CPI drop, more sharply than the slow slide of November-December. It's possible, however, that the index will continue rising throughout, forming bearish divergence.

$ $ $

Here's a symbol list of 163 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABT, ABM, ACIW, AKAM, ALK, ALB, ALKS, DOX, AFG, AIG, APH, ANIK, APOG, AAPL, AMAT, ARCB, ADM, ARW, ADP, AVA, BMRN, BRKR, CAL, CE, CX, CNC, CHD, CIEN, CSCO, CTSH, GLW, CR, CMI, DHR, XRAY, FANG, DDS, DUK, EMR, EPAM, EFX, EVRG, EXPI, EXPD, FICO, FIVN, FMC, FCX, FDP, GAP, GD, GIS, GILD, GES, THG, HQY, HOV, IDA, INCY, NSP, ITGR, IPAR, IBKR, JKHY, KSS, KLIC, LZB, LEG, LDOS, LMT, LOW, LPLA, MAN, MAS, MTDR, MTRX, NFLX, NWL, NEU, NUS, NTNX, OMCL, OMC, ON, OUT, OXM, PTEN, PYPL, PNW, PLXS, POR, RL, ROP, SBH, SEE, SGI, SCCO, LUV, SPSC, SXI, TPR, TRGP, TDOC, TEVA, TRV, TZOO, TREX, UNM, VFC, VLO, V, WMT, WU, WLK, WMB, WSC, IYM, IYC, IYH, IXC, MXI, IXN, ILF, SLV, IEO, IHI, EWO, EWK, EWZ, ECH, EEM, EWH, EIS, EWS, EZA, EWY, EWP, EWT, TUR, EWU, IBB, PPA, DBA, PEJ, GLD, XLV, USO, 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, author: Invest for Two-Comma Wealth and the novel (fiction), Orb Foresight (#Ad)

Tuesday 1/6/26. Slider Trading Quiz!

$ $ $

I show another slider trading quiz featuring SJW (symbol: SJW) stock.

$ $ $

This year marks the 20th anniversary of the existence of this website. The actual birthday is in November of this year. I don't charge anything to access the research I've posted nor do you have to dream up a login ID or password to access that data. It's all free. I don't support cookies (meaning the website doesn't have any), but I understand that google or Amazon may want to use cookies when you visit this website.

In December, my internet service provider says that the site had over 116,000 unique visitors, the highest monthly total ever.

Welcome to all of you.

This blog page is not the main entrance to the site. If you go to the home page, you'll find links to all of the data I mentioned, including research studies, tutorials, and information on chart patterns and candlesticks.

As a reminder, I released a new version of Patternz, my Windows (only) pattern recognition software. It's free to download and free to use. There's no adware nor spyware in the program, just make sure you download it from this website so you're getting a virus-free copy.

When I started the site, some wondered how long access would remain free. They thought it was a teaser before I started charging. Nearly twenty years later, I've proven them wrong. Let me be clear, I like free. I want to continue to give free access to the site without you having to log in.

Yes, there are ads all over the place. Google determines where those ads appear and how many. Clicking on ads helps provide monetary support for the site. Only click on an ad if it interests you, not to help boost payment to this site.

There's also a referral payment that Amazon.com gives the website when you click on a link to them and buy something while there (during that visit). That fee does not increase the cost of what you're buying, but it does help support this website. If you don't like to click on a google ad, then click on an Amazon link (click the image/text of one of my books at page top or bottom. The click will take you to Amazon and automatically pass a code to them) and do your Internet shopping during that visit.

Thanks, and I hope you will continue to visit this website. Tell your friends, your neighbors, and even your enemies. I could use more viral activity (I'm not talking about the flu).

$ $ $

Here's a symbol list of 164 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, MMM, ABT, ABM, ACH, ACIW, ADBE, AEIS, AA, AFG, APA, AMAT, ADM, AIZ, AGO, BSET, BZH, BRC, BCO, CLS, COR, CNC, CDAY, CVX, CHD, CIEN, CSCO, CLF, CLX, CNX, CL, COP, CXW, GLW, CR, CROX, CCRN, CMI, DHR, DECK, XRAY, FANG, DDS, ^DJU, D, BOOM, EMR, FFIV, FORM, FCX, FDP, GD, GE, GIS, GILD, THG, HLIT, HL, HSY, HUBG, HUM, IBP, ITGR, IPAR, IPI, INTU, JKHY, JBLU, KALU, KMB, KLIC, LHX, LRCX, LDOS, RAMP, LMT, MTSI, MGY, MRTN, MLM, MTDR, MLKN, MUR, NBR, ^IXIC, NEU, NEE, NOC, OXY, OMC, OUT, PANW, PKE, PCG, PNW, PRU, RJF, RGLD, SLB, SCHW, SHW, SCCO, SSYS, TRGP, TECH, TDY, TER, TTD, TREX, VECO, VMC, WRB, WERN, WMB, ITA, IYK, IEZ, QTEC, FXL, QQQ, IHF, IXC, IXN, SOXX, SLV, IYF, EEM, EWQ, EIS, EWJ, EWS, EWY, EWD, EWL, EWT, THD, TUR, QLD, PPA, PBE, PXJ, PJP, ROBO, XLP, XLF, XLU, UNG, SMH, VHT, 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)

Monday 1/5/26. 2026 Market Forecast

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

My Prediction

Here's the link to the 2026 market forecast, presented in slider format.

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 will be starting in about 12 days.

Here's a symbol list of 2 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: RRC, UNG. 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)

Archives

• January Archive
• December Archive
• November Archive
• October Archive
• All Archives