As of 02/27/2026   Indus: 48,978 -521.28 -1.1%     Trans: 19,689 -44.69 -0.2%     Utils: 1,190 +9.39 +0.8%     Nasdaq: 22,668 -210.17 -0.9%     S&P 500: 6,879 -29.98 -0.4%	YTD  +1.9%    +13.4%    +11.4%   -2.5%    +0.5%	Targets    Overview: 02/13/2026     50,500 or 48,300 by 03/01/2026   20,200 or 18,150 by 03/01/2026   1,250 or 1,125 by 03/01/2026   24,750 or 22,000 by 03/01/2026   7,250 or 6,600 by 03/01/2026
Chart Pattern Indicator: on 2/26/26

As of 02/27/2026   Indus: 48,978 -521.28 -1.1%     Trans: 19,689 -44.69 -0.2%     Utils: 1,190 +9.39 +0.8%     Nasdaq: 22,668 -210.17 -0.9%     S&P 500: 6,879 -29.98 -0.4%	YTD  +1.9%    +13.4%    +11.4%   -2.5%    +0.5%
Targets    Overview: 02/13/2026     50,500 or 48,300 by 03/01/2026   20,200 or 18,150 by 03/01/2026   1,250 or 1,125 by 03/01/2026   24,750 or 22,000 by 03/01/2026   7,250 or 6,600 by 03/01/2026
Chart Pattern Indicator: on 2/26/26

Recent Headlines Monday 3/2/26. Market Monday: The Week Ahead Friday 2/27/26. Pattern Trading Setups for the Weekend. Thursday 2/26/26. A look at Bitcoin (BTC-USD) Wednesday 2/25/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 2/24/26. Slider Trading Quiz! Public Service Enterprise Group: PEG
Older Headlines Monday 2/23/26. Market Monday: The Week Ahead Friday 2/20/26. Pattern Trading Setups for the Weekend. Thursday 2/19/26. Intraday Market Direction: Nasdaq Wednesday 2/18/26. A Look at the Chart Pattern Indicator (CPI) Tuesday 2/17/26. Slider Trading Quiz! Pogo Producing: PPP (actual trade)	Archives February Archive January Archive December Archive November Archive All Archives

Monday 3/2/26. 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 transports on the daily scale.

The only relevant chart pattern is the most recent one, highlighted here at A.

It's a symmetrical triangle. However, it's a flawed pattern. There's only one minor low on the bottom. The trendline cutting through price doesn't count as a touch.

On the top, you see two minor highs when I prefer to see three or more (same for the bottom).

Even so, the narrowing price movement is clear. The breakout direction is unknown. A downward breakout could see price fall dramatically and far. An upward breakout may see price struggle to rise.

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 either underway or should be starting soon. The sessions could be more volatile.

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: DDD, AEIS, AES, AFL, AKAM, ALB, AMGN, AMN, APH, APA, AAPL, ATR, AGO, BBY, BCO, CALM, CE, CNC, CRL, CHD, CLNE, CNX, CMCO, CAG, CCRN, XRAY, ECL, EME, EQT, FISV, FLS, FCX, THG, TILE, IPI, KSS, LAMR, LEN, M, MRK, MLKN, MCO, MUR, NFG, NFLX, NKE, NOC, OLN, OMCL, OR, OUT, PTEN, PETS, PPG, KWR, QCOM, RRC, REGN, ROG, RGLD, SMTC, SR, TGT, TDY, TFX, TER, MZTI, TG, TWLO, UNH, VFC, VLO, VECO, WMT, WSO, WLK, WSM, XEL, IHE, FTEC, FXL, FXI, BOTZ, IYH, IAT, IYZ, IXN, SLV, EWK, EWH, EIS, EWM, EWT, TUR, IBB, PBE, SSO, GLD, XLV, SPY, VHT, 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.

The below industries were the best (rank 1) or worst performing of those I follow.

-- Thomas Bulkowski

Friday 2/27/26. Pattern Trading Setups for the Weekend.

Here's a symbol list of 141 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ABM, ACN, ADTN, AEIS, AMD, AFL, AKAM, ALRM, ALGT, AMZN, DOX, AMGN, AMN, APH, ANIK, ATR, ADM, AWI, AGO, AVY, AVA, BAX, BAH, BFH, BCO, BR, BRKR, BG, CAL, CE, CRL, CVX, CIEN, CTAS, CLX, CTSH, CMCO, CSGP, CRH, CCRN, CSGS, BOOM, EOG, EFX, EVH, FICO, FLS, FTNT, FNV, GAP, GNW, GILD, THG, HE, HQY, HL, HOLX, HON, HUBG, HUM, HURC, IBP, PODD, INTU, KMB, KSS, LEG, LEN, RAMP, LXU, MGY, MAN, MRK, MCO, MUR, NTAP, OMC, ON, OR, PTEN, PEN, PPG, QTWO, KWR, QCOM, REGN, ROG, ROP, RGLD, RES, SAIA, SBH, SAIC, SIGI, SMTC, SGI, LUV, SR, TPR, TGT, TFX, TER, MZTI, TTD, TDG, RIG, UPS, VMI, VECO, WSO, WEX, WPM, WSM, XEL, ZBRA, FTEC, FXI, BOTZ, IXN, SLV, EIS, EZA, EWT, PBE, PEJ, SSO, XRT, SPY, UNG, 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.

$ $ $

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

Thursday 2/26/26. A look at Bitcoin (BTC-USD)

$ $ $

I show a picture of bitcoin on the daily scale.

The cryptocurrency has struggled over the past year. According to yahoo, it's down 23% over that period and down 22% so far this year.

Let's look at some of the chart patterns shown in the chart, starting with AB, which is a double top. Line C is the confirmation line. When the coin closed below the line, it confirms the double top as valid. In this case, the coin (currency, really) only dropped to D, so the bearish pattern was a dud.

To the right of that, we see a head-and-shoulders top. I show that as LS (left shoulder), head, and right shoulder (RS). The coin made a substantial drop after this pattern confirmed. Confirmation happens when the coin closes below the low price posted between the head and right shoulder.

In green is another head-and-shoulders top, but it's not perfect. The right shoulder looks as if it has a birth defect. It's too far below the left shoulder, but in the markets, it's rare to find a perfect looking pattern. Regardless, the pattern confirms (closes below the green line) and the coin made a nice drop to 1 (so far).

Now, it appears the coin is forming a base, the sideways move fron the February low. There's the potential of a double bottom forming. You have two valleys (1, 2). If the coin closes above the red line, it would confirm the double bottom and suggest, but not guarantee, that the price of the currency will rise.

Alternatively, the coin could drop below support and plunge.

$ $ $

Here's a symbol list of 175 chart and candlestick patterns (13 "investment grade" candle patterns) found in today's securities using my version of Patternz: DDD, ACH, ADBE, AMD, AKAM, ALK, ALB, ALKS, AXP, AMN, APOG, AMAT, ARCB, ADM, AWI, ASH, ADP, BMI, BSET, BZH, BRC, BLDR, BG, CE, CNP, CRL, CVX, CI, CLNE, CMTL, CAG, COP, GLW, CSGP, CRH, CCRN, CCK, CSGS, DOV, EXP, EMN, EME, EOG, EPAM, EG, FDS, FICO, FAST, FDX, FIS, FORM, FWRD, GD, GL, GGG, GFF, HNI, HD, HON, HOV, HUN, HURC, IEX, IDXX, ITW, INCY, IBP, ISRG, JAZZ, KMB, KLAC, KSS, LH, LRCX, LDOS, LEN, LOW, MRTN, MLM, MTRN, MRK, MLKN, MCO, MOS, MLI, MUR, NFG, NOV, NFLX, NTGR, NUS, NTNX, NVDA, ON, ORCL, OR, PANW, PPG, PPL, PSTG, KWR, RTX, RNG, RCKY, RES, SAIA, CRM, SMG, SHOP, SGI, SR, SNPS, TECH, TDOC, TEVA, TXT, TTD, TOL, RIG, TZOO, TG, UHAL, UPS, VECO, VMC, WAT, WSO, WERN, WSC, XEL, IYE, FDN, QTEC, BOTZ, IYH, IHF, IAT, IEV, IXN, SOXX, SLV, IEO, EWA, EWO, EWZ, ECH, EEM, EWG, EWI, EWJ, EPP, EZA, EWY, EWP, EWT, THD, EWU, PBE, PJP, SSO, SMH, 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 Nasdaq composite, sorted by value. When several are near each other (small differences), the area might act as support or resistance.

-- Thomas Bulkowski

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