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2021 Forecast Update…

Blog: October 2021

Bulkowski's Blog: ThePatternSite.com

As of 11/12/2021

  Indus: 36,100 +179.08 +0.5%  

  Trans: 16,760 +51.37 +0.3%  

  Utils: 908 -1.97 -0.2%  

  Nasdaq: 15,861 +156.68 +1.0%  

  S&P 500: 4,683 +33.58 +0.7%  

YTD

 +17.9%  

 +34.0%  

 +5.0%  

 +23.1%  

 +24.7%  

  Up arrow38,000 or 35,800 by 12/01/2021
  Up arrow17,700 or 16,000 by 12/01/2021
  Up arrow935 or 890 by 12/01/2021
  Up arrow16,400 or 15,350 by 12/01/2021
  Up arrow4,850 or 4,560 by 12/01/2021

As of 11/12/2021

  Indus: 36,100 +179.08 +0.5%  

  Trans: 16,760 +51.37 +0.3%  

  Utils: 908 -1.97 -0.2%  

  Nasdaq: 15,861 +156.68 +1.0%  

  S&P 500: 4,683 +33.58 +0.7%  

YTD

 +17.9%  

 +34.0%  

 +5.0%  

 +23.1%  

 +24.7%  

  Up arrow38,000 or 35,800 by 12/01/2021
  Up arrow17,700 or 16,000 by 12/01/2021
  Up arrow935 or 890 by 12/01/2021
  Up arrow16,400 or 15,350 by 12/01/2021
  Up arrow4,850 or 4,560 by 12/01/2021

 


Thursday 10/28/21. Intraday Market Direction: Nasdaq

The index climbed by 0.0% or 0.13 points. Since 02/05/1971 the index made 690 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.8% on 392 occasions.

     Average loss was -0.9% on 298 occasions.

Expect the index to close higher 56.8% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 230/399 or 57.6% of the time.

     The prediction of the index closing lower has been right 59/124 or 47.6% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

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

At D, the composite made a broadening top chart pattern. The height of the pattern added to the breakout price is the measure rule, which forms a target.
At A, the composite almost met the target.

The two peaks at AB form a second chart pattern called a Adam & Eve double top. It hasn’t confirmed as a valid chart pattern because the composite hasn’t
closed below C, the lowest valley between the two peaks.

Not shown is that the chart pattern indicator has flipped to red (bearish), a change I felt would happen and discussed it yesterday. I’m looking for the downtrend to continue.

$ $ $

Here’s a symbol list of 209 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
MMM, ANF, AXDX, ADBE, ADTN, AJRD, AFL, APD, AA, ALKS, ADS, ALL, AEE, AEP, AEL, AMGN, APH, ANIK, ANTM, ATR, ACGL, ADM, ARW, ATO, ADSK, ADP, AVY, AVNT, AVA, BLL, BSET, BZH, BERY, BBY, BIO, BIIB, BAH, BRC, BMY, BBW, BLDR, CBT, CAL, CPB, CLS, CENX, CLX, CL, CAG, CONN, COTY, CSGS, CTS, CMI, CW, DECK, DDS, DFS, ^DJU, ^DJT, ^DJI, D, DOV, DUK, EMR, WIRE, EQT, EL, RE, FFIV, FISV, FLEX, FLS, FRD, IT, GE, GIS, GNW, GPN, GL, EVRG, GES, HE, HAYN, HSY, HOV, IEX, ITW, INCY, IIIN, IPI, NVTA, JBLU, KBH, KELYA, KSS, LHX, LH, LANC, LEG, LMT, MHO, MTSI, M, MNDT, MRTN, MAS, MTRX, MRK, MGEE, MU, MSFT, MYGN, NFG, NOV, NEU, NUS, OMC, OTEX, OUT, PATK, PRFT, PETS, PINC, PFG, PGR, PEG, KWR, REV, RLI, ROST, RES, SAIC, SEE, SRE, SMTC, NOW, SLGN, SWN, SR, TFX, TPX, TDC, TMO, TOL, TREX, VFC, VLO, VEEV, VRSN, V, VC, WAT, WEX, ZBRA, ITA, IYK, IDU, QTEC, FXL, ICF, IYH, IGV, IGE, EWA, EWC, ECH, EEM, EWH, EIS, EWW, EPP, EZA, EWL, TUR, QLD, PPA, PBE, PJP, XLP, XLE, XLV, XHB, XRT, XAR, XLU, VHT, VIS. Clink 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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© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   14,029.13      
 Monthly S1   14,632.48   603.36   
 Weekly S2   14,708.15   75.67   
 Monthly Pivot   14,927.37   219.21   
 Weekly S1   14,972.00   44.63   
 Weekly Pivot   15,097.12   125.13   
 Daily S2   15,150.04   52.92   
 Daily S1   15,192.94   42.90   
 Close   15,235.84   42.90   
 Low   15,235.84   0.00   Yes! The Low is close to the Close.
 Open   15,276.00   40.16   
 Daily Pivot   15,278.74   2.74   Yes! The Daily Pivot is close to the Open.
 61.8% Down from Intraday High   15,285.00   6.26   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High   15,300.19   15.19   
 38.2% Down from Intraday High   15,315.38   15.19   
 Daily R1   15,321.64   6.26   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Weekly R1   15,360.97   39.33   
 High   15,364.54   3.57   Yes! The High is close to the Weekly R1.
 Daily R2   15,407.44   42.90   
 Weekly R2   15,486.09   78.65   
 Monthly R1   15,530.72   44.63   
 Monthly R2   15,825.61   294.88   


Wednesday 10/27/21. A Look At Indicators

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.

When I looked over my stock portfolio, many of the stocks showed the same thing: hesitation at or near a new high. It felt as if they were about to tumble.

As I look at this chart, I feel the same way. Bearish divergence appears at A versus B. The indicator is signaling that the market is weakening and about
to drop. It might not drop far, and divergence can last for months.

The April to May period on the chart shows this. We have bearish divergence that lasted from late March to the red vertical line (early May). The index dropped after the red bar, but didn’t
go down far.

That’s the kind of behavior I expect now. Toward the end of the year, I expect to see the indices making a smart move higher. That could come as early as next month (starting, and lasting into
January).

Of course, I could be wrong about all of this. If the market likes earnings, it could power the market higher now, sending the CPI shooting upward as well and erasing the bearish divergence
(because any signal can change for up to a week).

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart…

On Tuesday, 26% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 25%.

The fewest was 8% on 03/15/2021.

And the most was 52% on 10/30/2020.

Shown as a blue line on the above chart…

The 460 stocks in my database are down an average of 13% from their yearly high.

A week ago, the average was 14%.

The peak was 8% on 03/15/2021.

And the bottom was 25% on 10/28/2020.

Notice the similarity with this chart and the last one, but the bearish divergence in this chart isn’t as pronounced. Both charts are predicting the market will tumble.

A lot of this is just a hunch, but I don’t like the signals I’m seeing. ‘Nuff said.

$ $ $

Here’s a symbol list of 199 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, ADBE, AEIS, AFL, ATSG, ALRM, AA, ALL, AYX, DOX, AEL, AFG, AMWD, APA, APOG, ATR, ACGL, ADM, AIZ, AGO, ATO, ADP, AVY, AVNT, BLL, BSET, BECN, BZH, BERY, BIG, BOOT, BAH, BRC, BRKS, BBW, BLDR, CAL, CLS, CENX, CHKP, CHD, CINF, CLF, CNA, CNO, CTSH, CMTL, ED, CAG, CONN, COTY, CSGS, CTS, CMI, DECK, DOV, EXP, EIX, EQT, FFIV, FDX, FIS, FISV, FLEX, FLS, FTNT, FRD, GNW, GL, GS, GPRO, GFF, GES, HLIT, HE, HSII, HELE, HOV, IEX, ITW, IPAR, IBKR, IPI, INTU, NVTA, JAZZ, JBLU, KBH, KELYA, KSS, LZB, LH, LAMR, LEG, MTSI, M, MNDT, MCHX, MTRX, MU, MCO, MYGN, NOV, NUS, NVDA, OTEX, OXM, PATK, PTEN, PRFT, PINC, PFG, PEG, KWR, RGS, RLI, RES, SMG, NOW, SHW, SLGN, SWN, SUM, SNPS, TFX, TPX, TDC, TER, TEVA, TOL, TSCO, TREX, UPS, VFC, VLO, VMI, VRSN, V, VC, WAT, WEX, WMB, XLNX, ZBRA, ITA, FDN, QTEC, FXL, IHF, IGV, SOXX, IGE, EWA, EWC, ECH, EEM, EWG, EWH, EIS, EPP, EZA, EWY, EWT, TUR, EWU, PBE, PEJ, IEV, XLE, XHB, XRT, VIS. Clink 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

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Tuesday 10/26/21. Slider Trading Quiz!

The index climbed by 0.2% or 64.13 points. Since 10/01/1928 the index made 1346 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.6% on 730 occasions.

     Average loss was -0.5% on 616 occasions.

Expect the index to close higher 54.2% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 230/413 or 55.7% of the time.

     The prediction of the index closing lower has been right 43/90 or 47.8% of the time.

$ $ $

I show another slider trading quiz featuring Duke Energy: DUK.

$ $ $

Here’s a symbol list of 161 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AYI, AES, AFL, AKAM, ALKS, DOX, AMED, AFG, ABC, ANIK, AON, APA, APOG, AAPL, ARCB, ACGL, AWI, ASH, AIZ, AGO, ADP, BLL, BAX, BECN, BZH, BBBY, BIG, BMRN, BOOT, BAH, BRKS, CPB, CLS, CX, CNP, CHKP, CVX, CLNE, CMTL, CAG, CONN, COP, CROX, CMI, XRAY, BOOM, EMN, WIRE, EOG, EQT, RE, EVH, XOM, FDS, FIS, FIVN, FLS, FMC, FTNT, FRD, GNW, GS, GGG, GFF, GES, HLIT, HSC, HL, HSII, HELE, DHI, HOV, HURC, IEX, INCY, IIIN, ITGR, INTC, IBKR, IPG, IPI, NVTA, K, KFRC, KMB, LEG, LEN, LXU, MHO, MRO, MAS, MDC, MDT, MU, MCO, NOV, CNR, NWL, NOC, OXY, OLN, ASGN, PATK, PTEN, PLXS, PPL, PINC, PEG, RJF, SRE, SHW, SLGN, SO, SWX, SWN, SSYS, SUM, SRDX, TPX, TEVA, TMO, TZOO, UPS, VFC, VRSN, WWW, XEL, ZBRA, ITA, IYE, IEO, IGE, EWC, EIS, EWJ, EWM, EPP, EZA, EWY, DBA, PBE, ROBO, XLE, XLI, UNG, VIS. Clink 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

© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   32,887.74      
 Monthly S1   34,314.45   1,426.70   
 Weekly S2   34,784.96   470.51   
 Monthly Pivot   35,039.73   254.78   
 Weekly S1   35,263.05   223.32   
 Weekly Pivot   35,514.04   250.98   
 Daily S2   35,561.52   47.48   
 Low   35,629.37   67.86   
 Daily S1   35,651.33   21.96   
 61.8% Down from Intraday High   35,689.60   38.27   
 Open   35,692.62   3.02   Yes! The Open is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High   35,708.20   15.58   Yes! The 50% Down from Intraday High is close to the Open.
 Daily Pivot   35,719.19   10.98   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High   35,726.81   7.62   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close   35,741.15   14.34   Yes! The Close is close to the 38.2% Down from Intraday High.
 High   35,787.04   45.89   
 Daily R1   35,809.00   21.96   
 Daily R2   35,876.86   67.85   
 Weekly R1   35,992.13   115.28   
 Weekly R2   36,243.12   250.98   
 Monthly R1   36,466.44   223.32   
 Monthly R2   37,191.72   725.29   


Monday 10/25/21. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

I show the Dow industrials on the daily scale. I’ll confine my remarks to recent price action.

AB is a Adam & Eve double top. That’s a thin peak followed by a wide peak topping out near the same price. It confirms that price is going down when the index
closes below C, the lowest valley between the two peaks. Without ‘confirmation’ (a close below C), you just have squiggles on the price chart.

Pattern 123 is a three rising valleys chart pattern. That’s three valleys which look similar in shape and importance (meaning don’t mix a divot with a fjord).
When the index closes above the tallest peak between the three valleys, it means price is going up.

In both patterns, price might not move far, so you have to count on your experience to make a buck trading the move.

The AB pattern led to a sizable drop (to the low at 1). The target for patterns is often the height of the pattern, from tallest peak to lowest valley within the pattern, added to the top of the
pattern for upward breakouts or subtracted from the lowest valley for downward breakouts. In this case, the height is AC subtracted from C, becomes your target.

My book,
Encyclopedia of Chart Patterns, 3rd edition (#ad)
says that price reaches the target 54% of the time. So if you set a trigger to exit the trade at the target, you’ll be wrong about half the time. In other words, be conservative.

The target is just a number to show how often price will meet or exceed the target. It won’t attract price to drop that far. It’s not magic. The stock (or index in this case) doesn’t care
what your target is. It’ll drop as far as it drops. Period. So I look for nearby support areas and use that as a target.

For pattern 123, it looks like the target is still further above where the index is now. So we’ll have to wait and see if the index will continue to climb. My concern is
that it’ll do a 2B pattern (meaning a slightly higher peak above A before it reverses) and drop. That’s what I expect but with November and December coming,
there’s a good chance it’ll just continue to rise.

I guess what I’m saying is be optimistic but cautious.

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A Brief Look Back

Picture of a flower from my garden.

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.

Monday: Down 36.15 points.

Tuesday: Up 198.7 points.

Wednesday: Up 152.03 points.

Thursday: Down 6.26 points.

Friday: Up 73.94 points.

For the Week…

The Dow industrials were up 382.26 points or 1.1%.

The Nasdaq composite was up 192.86 points or 1.3%.

The S&P 500 index was up 73.53 points or 1.6%.

Year to Date…

Dow Industrials

     0.2% down from the high of 35,765.02 on 10/22/2021.

     19.5% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     2.0% down from the high of 15,403.44 on 09/07/2021.

     21.7% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     0.3% down from the high of 4,559.67 on 10/22/2021.

     24.1% up from the low of 3,662.71 on 01/04/2021.

Options Expiration

No options expire this week.

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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.

Index S2 S1 Pivot R1 R2
Dow Industrials (^DJI): Daily   35,428   35,552   35,659   35,783   35,890 
Weekly   34,764   35,220   35,493   35,949   36,222 
Monthly   32,866   34,272   35,018   36,424   37,170 
S&P500 (^GSPC): Daily   4,507   4,526   4,543   4,562   4,579 
Weekly   4,405   4,475   4,517   4,587   4,630 
Monthly   4,193   4,369   4,464   4,640   4,736 
Nasdaq (^IXIC): Daily   14,929   15,010   15,101   15,182   15,273 
Weekly   14,660   14,875   15,049   15,264   15,438 
Monthly   13,981   14,535   14,879   15,434   15,777 
  • 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:

Pivot point: P = (H + L + C)/3

First resistance level: R1 = (2 * P) – L

First support level: S1 = (2 * P) – H)

Second resistance level: R2 = P + (R1 – S1)

Second support level: S2 = P – (R1 – S1)

H = high price , L=low price, C=closing price

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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 142 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ACN, AYI, AFL, APD, AKAM, ALK, ALB, AA, AMED, AXP, AFG, AMWD, ANIK, AON, APOG, AAPL, ARCB, ACGL, AWI, ASH, AGO, ADP, AVY, BSET, BIG, BIIB, BMRN, BRC, BMY, BRKS, BBW, CACI, CE, CLS, CX, CNC, CHS, CLNE, CLF, CMTL, CONN, COST, CROX, DUK, EMN, EBAY, EVH, FOE, FIVN, FLS, FMC, FRD, GNW, GGG, GFF, HQY, HL, HSII, HSY, DHI, HOV, IEX, IIIN, IPAR, IPI, INTU, NVTA, KALU, K, KELYA, KFRC, KMB, KLAC, LH, LDOS, LEN, LXU, MRTN, MDC, MLHR, MCO, NTAP, NWL, NUS, OMC, ASGN, OTEX, OUT, PFE, PLXS, PINC, PEG, PHM, KWR, RHI, SMG, SHW, SO, SWX, SUM, TGT, TER, TXN, TXT, TMO, TKR, TOL, TRV, TG, VLO, VMI, VEEV, WRB, WMT, ZBRA, IYK, IHE, ICF, SOXX, EEM, EWQ, EZA, EWY, EWD, EWL, EWT, PEJ, PHO, ROBO, IEV, XLE, XLI, XLB. Clink 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.

This Week Last Week
1. Petroleum (Producing) 1. Petroleum (Producing)
2. Petroleum (Integrated) 2. Petroleum (Integrated)
3. Oilfield Svcs/Equipment 3. Oilfield Svcs/Equipment
4. Securities Brokerage 4. Human Resources
5. Retail Store 5. Securities Brokerage
6. Shoe 6. Insurance (Diversified)
7. Precision Instrument 7. Precision Instrument
8. Insurance (Diversified) 8. Information Services
9. Human Resources 9. Retail Store
10. IT Services 10. Shoe
Best Performing Above Worst Performing Below
50. Building Materials 50. Building Materials
51. Electric Utility (Central) 51. Electric Utility (Central)
52. Metal Fabricating 52. Household Products
53. Medical Services 53. Semiconductor Cap Equip.
54. Telecom. Equipment 54. Short ETFs
55. Household Products 55. Electric Utility (West)
56. Air Transport 56. Telecom. Equipment
57. Electric Utility (West) 57. Medical Services
58. Homebuilding 58. Homebuilding
59. Short ETFs 59. Apparel
60. Apparel 60. Air Transport

— Thomas Bulkowski

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Friday 10/22/21. Pattern Trading Setups for the Weekend.

$ $ $

Here’s a symbol list of 117 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ALK, AA, AEL, AXP, ABC, APOG, ARCB, ACGL, ASH, BSET, BZH, BA, BRC, BMY, CPB, CLS, CX, CHS, CLNE, CMTL, CONN, COTY, CROX, DECK, ^DJT, DOV, WIRE, RE, EVH, FIVN, FMC, FRD, GNW, HTLD, HL, HSII, HOV, HUBG, HURC, IDA, IEX, IIIN, IPAR, IPG, INTU, NVTA, KALU, KFRC, KLAC, LAWS, LXU, MSFT, ^IXIC, CNR, NKE, NVDA, OMC, ASGN, OMI, PATK, PAYX, PYPL, PICO, PPG, PINC, QCOM, DGX, RMBS, RCKY, CRM, SEIC, SMTC, NOW, SWX, TDOC, TMO, TJX, TSCO, TG, SLCA, VRSN, WU, WDAY, ZBRA, IYK, IDU, FTEC, FDN, QTEC, FXL, IGV, EWZ, EIS, EWY, EWL, QLD, QQQ, ILF, SSO, XLY, XLE, XLV, XLI, XLK, SMH, MGK. Clink 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.

There were 18 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 570 stocks searched, or 3.2%. Based on the percentage, the stock market is
trending
since few consolidation patterns appear.

I found 2 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move (I see many of them just before a bear market ends or during a bear market rally. Often it means the first bottom of a double bottom has formed. Thus, expect a move down to the second bottom).

Excluding ETFs, there were 10 bullish chart patterns this week and 3 bearish ones with any remaining (7) being undecided.
The ratio of bullish to bearish patterns suggests the market is hinting of a coming bullish (up) turn.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ANF Triangle, descending        09/29/2021 10/21/2021 Apparel
ALKS Head-and-shoulders top        09/24/2021 10/15/2021 Drug
AMGN Double Bottom, Adam and Adam        10/12/2021 10/18/2021 Biotechnology
ANIK Triangle, symmetrical        09/21/2021 10/21/2021 Biotechnology
ATR Scallop, descending        09/03/2021 10/15/2021 Packaging and Container
BIG Diamond bottom        09/08/2021 10/21/2021 Retail Store
CAL Triangle, symmetrical        09/01/2021 10/21/2021 Shoe
CONN Pipe bottom        10/04/2021 10/11/2021 Retail (Special Lines)
D Triple bottom        10/01/2021 10/18/2021 Electric Utility (East)
RE Cup with handle        08/17/2021 10/21/2021 Insurance (Prop/Casualty)
FRD Rounding bottom        08/23/2021 10/21/2021 Building Materials
HSII Pipe top        10/04/2021 10/11/2021 Human Resources
IPAR Double Top, Eve and Adam        10/07/2021 10/15/2021 Toiletries/Cosmetics
LRCX Scallop, descending        09/27/2021 10/19/2021 Semiconductor Cap Equip.
NBR Flag, high and tight        08/20/2021 10/21/2021 Oilfield Svcs/Equipment
OGE Broadening bottom        09/20/2021 10/15/2021 Electric Utility (Central)
SMG Triangle, symmetrical        10/06/2021 10/21/2021 Chemical (Basic)
TDC Triangle, ascending        09/09/2021 10/21/2021 Computer Software and Svcs
TRV Triple bottom        09/20/2021 10/18/2021 Insurance (Prop/Casualty)
ZBRA Pipe bottom        10/04/2021 10/11/2021 Computers and Peripherals

 

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Thursday 10/21/21. DOGE Cryptocurrency

The Nasdaq index dropped by 0.0% or -7.41 points. Since 02/05/1971 the index made 689 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.8% on 391 occasions.

     Average loss was -0.9% on 298 occasions.

Expect the Nasdaq to close higher 56.7% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 229/398 or 57.5% of the time.

     The prediction of the index closing lower has been right 59/124 or 47.6% of the time.

Picture of the doge coin.

$ $ $

I show a picture of the cryptocurrency DOGE on the daily scale.

Let’s take it apart, starting from the scale. This dog trades below a dollar. It closed today at 25 cents. I don’t use the log scale on this chart because my program doesn’t handle below-dollar amounts well.

I saw that peaks formed a line so I drew the red down-sloping trendline. The coin pierces that line and closes above it today. That suggests the value of the coin is going to rise.

Below that line is a head-and-shoulders bottom, labeled LS (for left shoulder), head, and RS (right shoulder). The neckline for the pattern is the blue line (A) which I drew
horizontal. A traditionally drawn neckline would slope upward and that would mean a delay in the buy signal. A buy signal occurs when price closes above the neckline.

In this case, a close above the blue line confirms the head-and-shoulders as a valid chart pattern. It would also be the buy signal. The chart pattern is just squiggles on the chart until
we get confirmation. But the red trendline pierce could be used as an early entry signal for those adventurous to own the coin.

$ $ $

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:
ANF, ACIW, AEIS, ALK, AA, AMZN, AMED, AEE, AEL, AXP, AMWD, ANIK, ANTM, APA, AAPL, ATR, ARCB, ACGL, ARW, ASH, ADP, BLL, BIG, BIIB, EPAY, BRKS, CBT, CDNS, CX, CHKP, CSCO, CLNE, CNO, CGNX, CONN, COST, COTY, CROX, CCRN, DHR, DVN, ^DJU, ^DJI, EMN, EPAM, EQT, RE, EVH, FAST, FE, FIVN, FLS, FMC, FORM, FRD, IT, GIS, GL, EVRG, HL, HSII, HOV, IEX, NVTA, KFRC, LEG, LLY, L, LXU, MRO, MSFT, MCO, MOS, NEE, NI, NVDA, OXY, ASGN, OMI, PTEN, PYPL, PPL, PINC, PFG, PEG, DGX, RJF, RNG, RCKY, ^GSPC, CRM, SRE, SWX, SUM, SNPS, TPX, TMO, VEEV, VMC, WEX, ZBRA, IHI, ICF, IYH, IHF, EWA, EWO, EWK, EWC, EWQ, EWG, EWH, EWI, EWM, EPP, EWS, EWY, EWP, EWL, EWU, PEJ, ROBO, SSO, MXI, XLE, GLD, XLV, XLI, SPY, XLU. Clink 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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© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   13,995.61      
 Weekly S2   14,359.37   363.76   
 Monthly S1   14,558.65   199.27   
 Weekly S1   14,740.53   181.88   
 Weekly Pivot   14,822.75   82.23   
 Monthly Pivot   14,887.04   64.29   
 Daily S2   15,016.50   129.46   
 Daily S1   15,069.09   52.59   
 Low   15,071.15   2.06   Yes! The Low is close to the Daily S1.
 61.8% Down from Intraday High   15,112.12   40.96   
 Close   15,121.68   9.56   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot   15,123.74   2.06   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High   15,124.77   1.03   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High   15,137.42   12.65   
 Open   15,160.00   22.58   
 Daily R1   15,176.33   16.33   
 High   15,178.39   2.06   Yes! The High is close to the Daily R1.
 Weekly R1   15,203.91   25.52   
 Daily R2   15,230.98   27.07   
 Weekly R2   15,286.13   55.15   
 Monthly R1   15,450.08   163.94   
 Monthly R2   15,778.47   328.40   


Wednesday 10/20/21. A Look At Indicators

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.

A buy signal, shown here by the vertical green bar on the right of the chart, appeared in early October. Since then, the index has recovered.

You can also see bullish divergence between the thin blue line starting in September and the index. The blue line dropped to near or at 0 (underneath the red bar) even as the index peaked. Then the two lines headed in
different directions. The blue line climbed and the index dropped.

Right now, the blue line is near the top of the scale, suggesting the index is going to hit resistance and reverse. That makes sense because the index is approaching the September high, a known
location for resistance.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart…

On Tuesday, 25% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 30%.

The fewest was 8% on 03/15/2021.

And the most was 52% on 10/30/2020.

Shown as a blue line on the above chart…

The 460 stocks in my database are down an average of 14% from their yearly high.

A week ago, the average was 16%.

The peak was 8% on 03/15/2021.

And the bottom was 25% on 10/28/2020.

From a week ago, the two (red and blue) lines have improved. Both lines are trending higher, seemingly pulled upward by the index.

On this chart, I don’t see any signs of weakness (overhead resistance) that the prior chart hinted at.

These two charts, taken together, don’t present a clear forecast of what will happen. They don’t even show a forecast of what might happen. That’s typical, of course. I stake my
position and then look for details which back my position. I found a hint in the CPI chart but not this one. This chart, one could argue, sees the red line rising to the level of a prior
red-line peak. Same for the blue line. It’s overhead resistance but does it matter?

As you look at the red line, you can see evidence that supports both sides, that there’s resistance to a prior peak shown by the red line and yet evidence that it just ignores that peak
and continues higher.

What I’m saying is be careful. The index is at a resistance zone and it might reverse.

$ $ $

Here’s a symbol list of 147 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ANF, ACN, ADBE, AES, ALK, AA, AEL, ATR, ARCB, ACGL, AWI, AIZ, BIIB, BMRN, BA, BOOT, CX, CHS, CHD, CLNE, CLX, CTSH, CAG, CONN, COTY, CRH, CROX, CTS, CW, WIRE, RE, EVH, FFIV, FAST, FIVN, FMC, FCX, FRD, IT, GGG, HBI, HLIT, HL, HSII, HOV, IDXX, INFN, IIIN, ITGR, IPAR, NVTA, JBLU, KELYA, KMT, KFRC, LAMR, LNC, RAMP, LXU, MTRN, MRK, MSFT, MCO, MLI, CNR, NTAP, ASGN, OUT, OMI, OXM, PKG, PRFT, QCOM, DGX, REV, RLI, SAIA, NOW, SKX, SWX, TPR, TFX, TDC, TMO, TJX, TRV, TZOO, VEEV, VRTX, WRB, WMT, WAT, WOLF, ZBRA, FTEC, FXI, BOTZ, ICF, IHF, IGV, EWA, EWO, EWC, EEM, EWH, EWM, EPP, EWS, EZA, EWY, EWP, EWD, EWT, TUR, EWU, QLD, PEJ, PJP, ROBO, IEV, IXN, SSO, XLE, XLI, SPY, XLK, VIS, MGK. Clink 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

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Tuesday 10/19/21. Slider Trading Quiz!

The index dropped by -0.1% or -36.15 points. Since 10/01/1928 the index made 1360 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.6% on 709 occasions.

     Average loss was -0.7% on 651 occasions.

Expect the index to close higher 52.1% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 229/412 or 55.6% of the time.

     The prediction of the index closing lower has been right 43/90 or 47.8% of the time.

$ $ $

I show another slider trading quiz featuring Diamond offshore: DO.

$ $ $

Here’s a symbol list of 106 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AYI, AMD, AES, ALB, AA, AMAT, ARCB, ACGL, BAX, BZH, BIG, BMRN, BKH, CHS, CINF, CNO, CTSH, CAG, COST, CROX, CW, DDS, D, DUK, BOOM, EXP, EOG, RE, FB, FDS, FICO, FMC, FCX, FDP, FRD, GME, IT, GILD, GS, GOOGL, GGG, HLIT, HE, HSIC, DHI, ITW, INFN, IBKR, ISRG, JBLU, KELYA, KMT, KFRC, KBAL, KSS, LRCX, LEG, M, MCHX, MTRN, MTRX, MRK, MSFT, MCO, MOS, NBR, NJR, OXM, PKG, PYPL, PRFT, DGX, RNG, RHI, ROST, SWN, SR, SSYS, SRDX, TPX, TER, TMO, TSCO, RIG, TREX, WMT, WSO, WERN, IYE, ITB, FDN, QTEC, FXL, IAT, IGV, SOXX, EIS, EWM, IBB, IXN, GLD, XHB, XRT. Clink 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

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© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   33,022.93      
 Weekly S2   33,692.36   669.43   
 Monthly S1   34,140.77   448.41   
 Weekly S1   34,475.48   334.71   
 Monthly Pivot   34,730.87   255.39   
 Weekly Pivot   34,898.23   167.36   
 Daily S2   34,915.74   17.52   Yes! The Daily S2 is close to the Weekly Pivot.
 Low   35,035.94   120.20   
 Daily S1   35,087.18   51.23   
 61.8% Down from Intraday High   35,147.34   60.17   
 50% Down from Intraday High   35,181.75   34.41   
 Daily Pivot   35,207.38   25.62   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High   35,216.17   8.79   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Open   35,221.02   4.85   Yes! The Open is close to the 38.2% Down from Intraday High.
 Close   35,258.61   37.59   
 High   35,327.57   68.96   
 Daily R1   35,378.80   51.23   
 Daily R2   35,499.00   120.20   
 Weekly R1   35,681.35   182.35   
 Monthly R1   35,848.71   167.36   
 Weekly R2   36,104.10   255.39   
 Monthly R2   36,438.81   334.71   


Monday 10/18/21. Market Monday: The Week Ahead

My Prediction

Picture of the Dow transports on the daily scale.

I show the Dow transports on the daily scale.

Let’s take the chart by colors. The two converging green lines form a symmetrical triangle. The chart pattern broke out upward and then threw back to F before trying
to rise again to a new high (which it failed to achieve).

To the right of that pattern is DEF. That’s a double top. Peaks DE are close to each other in price and the pattern confirms as valid when the index drops below
the blue line (F) on the way to A.

Pattern ABC is similar except it’s a double bottom. It confirms when the index closes above the red line C.

The index is now powering higher. That’s a continuation gap by the way (separating the last two price bars on the chart. It might be an exhaustion gap, and another day
will confirm that). I’m looking for the upward move to continue.

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A Brief Look Back

Picture of a flower from my garden.

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.

Monday: Down 250.19 points.

Tuesday: Down 117.72 points.

Wednesday: Down 0.53 points.

Thursday: Up 534.75 points.

Friday: Up 382.2 points.

For the Week…

The Dow industrials were up 548.51 points or 1.6%.

The Nasdaq composite was up 317.5 points or 2.2%.

The S&P 500 index was up 80.03 points or 1.8%.

Year to Date…

Dow Industrials

     0.9% down from the high of 35,631.19 on 08/16/2021.

     18.2% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     3.3% down from the high of 15,403.44 on 09/07/2021.

     20.2% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     1.6% down from the high of 4,545.85 on 09/02/2021.

     22.1% up from the low of 3,662.71 on 01/04/2021.

Options Expiration

No options expire this week.

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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.

Index S2 S1 Pivot R1 R2
Dow Industrials (^DJI): Daily   34,916   35,105   35,213   35,403   35,510 
Weekly   33,704   34,500   34,910   35,705   36,116 
Monthly   33,035   34,165   34,743   35,873   36,451 
S&P500 (^GSPC): Daily   4,437   4,454   4,465   4,482   4,493 
Weekly   4,280   4,376   4,426   4,521   4,572 
Monthly   4,213   4,342   4,418   4,547   4,622 
Nasdaq (^IXIC): Daily   14,826   14,862   14,883   14,919   14,940 
Weekly   14,285   14,591   14,748   15,054   15,211 
Monthly   13,921   14,409   14,812   15,301   15,704 
  • 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:

Pivot point: P = (H + L + C)/3

First resistance level: R1 = (2 * P) – L

First support level: S1 = (2 * P) – H)

Second resistance level: R2 = P + (R1 – S1)

Second support level: S2 = P – (R1 – S1)

H = high price , L=low price, C=closing price

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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 230 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
MMM, AYI, ADTN, AEIS, AES, AFL, ATSG, AA, AEL, AFG, APH, AON, APA, APOG, AMAT, ARCB, ACGL, AGO, ADP, AVNT, AXS, BECN, BBBY, BIG, BMRN, BKH, CAL, CE, CX, CNP, CENX, CF, CRL, CVX, CHS, CLNE, CNA, CNO, CGNX, CTSH, CRH, DVN, DDS, ^DJT, ^DJI, D, DRQ, DUK, BOOM, EMN, EIX, EMR, WIRE, EOG, EFX, EQT, RE, EXPD, FB, FAST, FOE, FISV, FLEX, FLS, FWRD, FCX, FDP, FRD, GME, GPS, IT, GD, GNW, GPN, GL, GPRO, GES, THG, HLIT, HSC, HIG, HE, HP, HSY, HNI, HD, HON, HOV, JBHT, ITW, INFN, INOV, IIIN, IVC, JBLU, KALU, KMT, LH, LANC, LDOS, LNC, RAMP, L, LOW, MHO, MCHX, MTRN, MDT, MGEE, MSFT, MS, MYGN, ^IXIC, NCR, NFLX, NJR, OGE, ORI, OTEX, OUT, OXM, PKG, PETS, PFE, PCG, PLXS, POR, KWR, RMBS, RJF, RNG, RHI, ROG, ROST, ^GSPC, SAIA, SLB, SEIC, LUV, SWN, SR, SSYS, SUM, SRDX, TECH, TDC, TER, TXT, TKR, TJX, TRV, VMI, WRB, WSO, WEX, WOLF, WWW, ZBRA, IYM, IYK, IYC, IYE, IEZ, IHE, DDM, FTEC, BOTZ, IYH, IYZ, SOXX, IGE, EWA, EWO, EWC, EEM, EWQ, EWG, EWI, EWJ, EWM, EWS, EWY, EWD, EWT, TUR, EWU, IBB, PPA, PBE, PEJ, PXJ, PJP, PHO, ROBO, IEV, IXC, IXN, SSO, MXI, XLY, XLE, XLI, SPY, USO, SMH, VIS, VAW, MGK. Clink 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.

This Week Last Week
1. Petroleum (Producing) 1. Petroleum (Producing)
2. Petroleum (Integrated) 2. Human Resources
3. Oilfield Svcs/Equipment 3. Petroleum (Integrated)
4. Human Resources 4. Precision Instrument
5. Securities Brokerage 5. Insurance (Diversified)
6. Insurance (Diversified) 6. Securities Brokerage
7. Precision Instrument 7. Information Services
8. Information Services 8. Natural Gas (Diversified)
9. Retail Store 9. Retail Store
10. Shoe 10. Drug
Best Performing Above Worst Performing Below
50. Building Materials 50. Chemical (Basic)
51. Electric Utility (Central) 51. Household Products
52. Household Products 52. Short ETFs
53. Semiconductor Cap Equip. 53. Medical Services
54. Short ETFs 54. Electric Utility (West)
55. Electric Utility (West) 55. Retail (Special Lines)
56. Telecom. Equipment 56. Semiconductor Cap Equip.
57. Medical Services 57. Telecom. Equipment
58. Homebuilding 58. Apparel
59. Apparel 59. Homebuilding
60. Air Transport 60. Air Transport

— Thomas Bulkowski

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Friday 10/15/21. Pattern Trading Setups for the Weekend.

$ $ $

Here’s a symbol list of 176 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, ADBE, AES, AFL, APD, AA, ADS, DOX, AXP, AIG, AMGN, AMN, ANIK, AON, APA, APOG, ARCB, ACGL, ADM, ARW, ASH, AGO, ADSK, BMI, BECN, BIG, BMRN, BG, CACI, CDNS, CNC, CNP, CHD, CTXS, CLNE, CNO, CTSH, CSOD, CR, CTS, DHR, XRAY, DDS, ^DJT, ^DJI, DOV, EXP, EMN, EPAM, RE, EZPW, FICO, FE, FLEX, FORM, FCX, GPN, GOOGL, HLIT, HSC, HSII, HELE, HSY, HUBG, JBHT, IEX, ITW, INCY, INOV, NSP, IVC, LRCX, LAWS, LEG, LNC, RAMP, MCHX, MAS, MTRX, MDC, MSFT, NBR, NFG, CNR, NTAP, NJR, NEU, NVDA, OGE, OLN, OMCL, OXM, PRFT, PPG, PG, RGS, RNG, SAIA, SLB, SCHW, SMTC, NOW, SCCO, SWX, SWN, SR, SCS, SUM, SNPS, TDOC, TPX, TMO, TG, VEEV, WMT, WLK, WEX, WMB, IYM, IYK, ITB, IHI, FDN, QTEC, ICF, IGV, IGE, EWA, EWO, EWK, EWC, EWQ, EWG, EWH, EIS, EWI, EPP, EWS, EWY, EWP, EWD, EWL, TUR, EWU, ROBO, IEV, MXI, XLY, XLP, GLD, XLB, UNG, VAW. Clink 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.

There were 34 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 571 stocks searched, or 6.0%. Based on the percentage, the stock market is
trending
since few consolidation patterns appear.

I found 1 pipe bottom chart patterns, which is neutral. High numbers of pipe bottoms can signal a bullish move (I see many of them just before a bear market ends or during a bear market rally. Often it means the first bottom of a double bottom has formed. Thus, expect a move down to the second bottom).

Excluding ETFs, there were 22 bullish chart patterns this week and 2 bearish ones with any remaining (10) being undecided.
The ratio of bullish to bearish patterns suggests the market is bullish.

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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
AEIS Triangle, symmetrical        08/17/2021 10/14/2021 Semiconductor
ALB Triangle, descending        09/20/2021 10/12/2021 Chemical (Diversified)
AMWD Triangle, symmetrical        09/21/2021 10/13/2021 Building Materials
APH Double Bottom, Eve and Adam        09/30/2021 10/13/2021 Electronics
ARCB Cup with handle        05/10/2021 10/13/2021 Trucking/Transp. Leasing
AGO Rounding bottom        08/25/2021 10/11/2021 Insurance (Life)
AVNT Triangle, ascending        09/09/2021 10/13/2021 Chemical (Specialty)
CNA Broadening bottom        08/12/2021 10/11/2021 Insurance (Prop/Casualty)
COTY Broadening top, right-angled and descending        09/08/2021 10/14/2021 Toiletries/Cosmetics
EQT Pipe top        09/27/2021 10/04/2021 Natural Gas (Diversified)
EL Head-and-shoulders bottom        09/20/2021 10/12/2021 Toiletries/Cosmetics
RE Rounding bottom        08/17/2021 10/14/2021 Insurance (Prop/Casualty)
EXC Double Bottom, Adam and Adam        10/04/2021 10/11/2021 Electric Utility (East)
FWRD Triangle, symmetrical        09/22/2021 10/14/2021 Trucking/Transp. Leasing
FCX Horn bottom        09/20/2021 10/04/2021 Metals and Mining (Div.)
FRD Head-and-shoulders bottom        08/30/2021 10/11/2021 Building Materials
HL Broadening top, right-angled and descending        09/17/2021 10/14/2021 Metals and Mining (Div.)
NSP Scallop, ascending        09/03/2021 10/08/2021 Human Resources
JAZZ Broadening bottom        08/31/2021 10/08/2021 Biotechnology
KALU Broadening top, right-angled and descending        09/27/2021 10/14/2021 Metals and Mining (Div.)
LZB Diamond bottom        09/17/2021 10/14/2021 Furn/Home Furnishings
LAWS Triangle, symmetrical        09/14/2021 10/14/2021 Metal Fabricating
MAS Head-and-shoulders bottom        09/20/2021 10/13/2021 Building Materials
NOV Broadening bottom        08/24/2021 10/11/2021 Oilfield Svcs/Equipment
OMC Rectangle bottom        07/21/2021 10/14/2021 Advertising
RNG Broadening bottom        09/15/2021 10/13/2021 Computer Software and Svcs
ROK Head-and-shoulders bottom        09/21/2021 10/12/2021 Diversified Co.
NOW Triple bottom        09/29/2021 10/11/2021 IT Services
TDOC Pipe bottom        09/27/2021 10/04/2021 Healthcare Information
TG Triangle, symmetrical        09/02/2021 10/14/2021 Chemical (Specialty)
VMC Triangle, symmetrical        09/20/2021 10/14/2021 Cement and Aggregates
WEX Ugly double bottom        09/21/2021 10/12/2021 Information Services
WMB Rounding bottom        06/07/2021 10/08/2021 Natural Gas (Distributor)
XEL Double Bottom, Adam and Adam        09/28/2021 10/11/2021 Electric Utility (West)
MGK Head-and-shoulders bottom        09/20/2021 10/13/2021 None

 

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Thursday 10/14/21. Intraday Market Direction: Nasdaq

The index climbed by 0.7% or 105.72 points. Since 02/05/1971 the index made 440 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.7% on 268 occasions.

     Average loss was -0.8% on 172 occasions.

Expect the index to close higher 60.9% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 228/397 or 57.4% of the time.

     The prediction of the index closing lower has been right 59/124 or 47.6% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

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

The composite formed a small triple bottom at 1, 2, 3. The pattern confirmed when the composite closed above red line A. That was a buy signal, but it hasn’t amounted
to much…so far anyway.

If you take the height of the chart pattern (from A to 3, the tallest part of the pattern) and add it to A, you can get a target. In stocks, price will reach the target 74% of the time
according to my book,
Encyclopedia of Chart Patterns, 3rd edition #ad.

If I had to guess, I’d say the composite will move higher and that assessment agrees with the above prediction, too.

$ $ $

Here’s a symbol list of 103 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, AMD, AES, APD, ALK, AA, AMWD, AMN, ANIK, AAPL, AMAT, ARCB, ACGL, ADM, BIG, BMRN, BRKS, BG, CBT, CNC, CHD, CLNE, CLF, CSOD, CCK, DDS, D, DUK, BOOM, EMR, WIRE, EZPW, FLS, FCX, HSII, ITW, INFN, NSP, TILE, IPI, JAZZ, KMT, LAWS, RAMP, MCHX, MRTN, MTRX, NXGN, OLN, PKG, PRFT, PFE, KWR, QCOM, RL, RJF, RNG, SCHW, SAIC, SMG, SWN, SUM, TDOC, TFX, TPX, TEVA, TREX, VFC, VRSN, VMC, WRB, WMT, WLK, XEL, XLNX, IYM, FXL, EWO, ECH, EWH, EIS, EWM, EWS, EWY, PXJ, XLP, GLD, UNG, SMH. Clink 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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© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   13,686.93      
 Monthly S1   14,129.29   442.35   
 Daily S2   14,426.88   297.59   
 Weekly S2   14,446.31   19.43   
 Low   14,471.89   25.58   
 Daily S1   14,499.26   27.37   
 Weekly S1   14,508.97   9.71   Yes! The Weekly S1 is close to the Daily S1.
 61.8% Down from Intraday High   14,516.73   7.76   Yes! The 61.8% Down from Intraday High is close to the Weekly S1.
 50% Down from Intraday High   14,530.58   13.85   
 Open   14,537.17   6.58   Yes! The Open is close to the 50% Down from Intraday High.
 Daily Pivot   14,544.27   7.10   Yes! The Daily Pivot is close to the Open.
 38.2% Down from Intraday High   14,544.44   0.17   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close   14,571.64   27.20   
 High   14,589.28   17.64   
 Daily R1   14,616.65   27.37   
 Weekly Pivot   14,632.35   15.70   
 Daily R2   14,661.66   29.31   
 Weekly R1   14,695.01   33.35   
 Monthly Pivot   14,766.36   71.35   
 Weekly R2   14,818.39   52.02   
 Monthly R1   15,208.72   390.33   
 Monthly R2   15,845.79   637.08   


Wednesday 10/13/21. A Look At Indicators: Stealth Bullish

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.

The bearish signal, shown by the vertical red line on the right of the chart, is still in place. However, look at the CPI line, the thin blue line near chart bottom.

It has been climbing even as the S & P index has been dropping. That’s bullish divergence. It suggests a return of the bulls, which will push the index upward.

Picture of the percent down indicators

The red line is the percentage of stocks at least 20% below their 1-year high (plotted upside down). The blue line is the average percentage drop of stocks below their 1-year high (plotted upside down).

Shown as a red line on the above chart…

On Tuesday, 30% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 33%.

The fewest was 8% on 03/15/2021.

And the most was 52% on 10/30/2020.

Shown as a blue line on the above chart…

The 461 stocks in my database are down an average of 16% from their yearly high.

A week ago, the average was 17%.

The peak was 8% on 03/15/2021.

And the bottom was 25% on 10/28/2020.

Both the red and blue lines show improvement from a week ago. This is another indication of the market firming up, that it will begin to recover from the weakness which took it lower starting
in September.

The two charts suggest the retrace is coming to an end. But with bullish divergence like we see here, it could last months before we see a recovery.

$ $ $

Here’s a symbol list of 108 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, AJRD, AES, ATSG, AKAM, ALK, AA, ALL, ANIK, ANTM, APOG, AAPL, ARCB, ARW, ADP, BMI, BIG, BKNG, BMY, CACI, CPB, CLS, CX, CNP, CINF, CTXS, CMCO, CAG, COTY, CR, CCK, CTS, CMI, DDS, BOOM, EMN, EMR, EFX, FFIV, FB, FIS, FMC, FTNT, FCX, HL, ITW, ILMN, IPG, JAZZ, KELYA, KLAC, LRCX, MHO, MCHX, MRTN, MTRN, MTRX, MSFT, NEU, NXGN, OMCL, PKG, PRFT, PFE, PINC, PFG, PGR, RL, RNG, SAIC, SWN, SR, TDOC, TFX, TEVA, TG, TREX, WLK, WMB, IYK, IHE, IAT, IYF, EWZ, ECH, EEM, EWH, EIS, EWJ, EWM, EWY, EWP, EWT, THD, DBA, PJP, XLF, UNG. Clink 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

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Tuesday 10/12/21. Slider Trading Quiz!

The index dropped by -0.7% or -250.19 points. Since 10/01/1928 the index made 585 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.7% on 290 occasions.

     Average loss was -0.8% on 295 occasions.

Expect the index to close lower 50.4% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 229/412 or 55.6% of the time.

     The prediction of the index closing lower has been right 42/89 or 47.2% of the time.

$ $ $

I show another slider trading quiz featuring Continental Air: CAL 2

$ $ $

Here’s a symbol list of 148 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ADBE, APD, ALRM, AYX, AMZN, AXP, ANTM, AAPL, ARCB, ACGL, AWI, ADSK, ADP, BLL, BSET, BIG, BIO, BKNG, CDNS, CALM, CAL, CPB, CLS, CENX, CF, CRL, CHKP, CINF, CNA, CMCO, CAG, CSOD, COTY, CRH, CCRN, CCK, CTS, CMI, DFS, DOV, BOOM, EXP, EMN, EMR, EPAM, EFX, EQT, RE, EVH, EZPW, FDS, FICO, FDX, FIS, FISV, FLS, FORM, FCX, FRD, GPN, GL, GS, HSC, HE, HTLD, HSII, HSY, HNI, HOLX, HON, DHI, HURC, IDXX, ILMN, IPI, KALU, KELYA, KFRC, RAMP, L, LOW, M, MRTN, MCO, MS, MOS, MLI, ^IXIC, NCR, OGE, OUT, PKG, PANW, PINC, PFG, DGX, RMBS, RGA, RES, SLB, SEIC, SIGI, SKX, SNPS, TECH, TFX, TPX, TEVA, VMC, WU, WMB, IAI, IHI, FTEC, FDN, QTEC, FXL, BOTZ, IAT, IYZ, IGV, IYF, EWZ, EEM, EWQ, EWM, EWT, TUR, QLD, PEJ, QQQ, PHO, IXN, SSO, XLF, XHB, SPY, XLK, UNG, USO, MGK. Clink 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

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© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   32,733.90      
 Monthly S1   33,614.98   881.08   
 Daily S2   34,179.80   564.82   
 Weekly S2   34,194.85   15.05   Yes! The Weekly S2 is close to the Daily S2.
 Daily S1   34,337.93   143.08   
 Weekly S1   34,345.46   7.53   Yes! The Weekly S1 is close to the Daily S1.
 Low   34,486.51   141.05   
 Monthly Pivot   34,494.11   7.60   Yes! The Monthly Pivot is close to the Low.
 Close   34,496.06   1.95   Yes! The Close is close to the Monthly Pivot.
 Daily Pivot   34,644.64   148.58   
 Weekly Pivot   34,660.32   15.68   Yes! The Weekly Pivot is close to the Daily Pivot.
 61.8% Down from Intraday High   34,664.08   3.75   Yes! The 61.8% Down from Intraday High is close to the Weekly Pivot.
 50% Down from Intraday High   34,718.93   54.85   
 38.2% Down from Intraday High   34,773.78   54.85   
 Daily R1   34,802.77   28.99   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Weekly R1   34,810.93   8.16   Yes! The Weekly R1 is close to the Daily R1.
 Open   34,823.79   12.86   Yes! The Open is close to the Weekly R1.
 High   34,951.35   127.56   
 Daily R2   35,109.48   158.13   
 Weekly R2   35,125.79   16.31   Yes! The Weekly R2 is close to the Daily R2.
 Monthly R1   35,375.19   249.40   
 Monthly R2   36,254.32   879.13   


Monday 10/11/21. Market Monday: The Week Ahead

My Prediction

Picture of the Dow utilities on the daily scale.

I show the Dow utilities on the daily scale.

At AB is a chart pattern familiar to many of you, I’m sure. It’s called a Eve & Eve double top. I consider it an Eve top at A because the number of days
between spike A and the one to the left is less than 5. Peak B is wide enough by itself to be an Eve top, too.

The patterns turn from squiggles on the chart to a valid double top when the average closes below line C.

The utilities made a strong push lower, bottoming just before October started. It bounced and is now heading lower again. The reason for this, I think, is that the markets
believe interest rates are going to rise and that’s bad for utility companies. Their borrowing costs will climb.

I expect the utilities to continue lower, as I show with line D.

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A Brief Look Back

Picture of a flower from my garden.

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.

Thursday: Up 428.48 points.

Friday: Down 8.69 points.

Saturday: Holiday or other weird event!

Saturday: Holiday or other weird event!

Saturday: Holiday or other weird event!

For the Week…

The Dow industrials were up 419.79 points or 1.2%.

The Nasdaq composite was up 13.14 points or 0.1%.

The S&P 500 index was up 34.3 points or 0.8%.

Year to Date…

Dow Industrials

     2.5% down from the high of 35,631.19 on 08/16/2021.

     16.4% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     5.3% down from the high of 15,403.44 on 09/07/2021.

     17.6% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     3.4% down from the high of 4,545.85 on 09/02/2021.

     19.9% up from the low of 3,662.71 on 01/04/2021.

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

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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.

Index S2 S1 Pivot R1 R2
Dow Industrials (^DJI): Daily   34,570   34,658   34,750   34,839   34,931 
Weekly   34,278   34,512   34,744   34,978   35,209 
Monthly   32,817   33,782   34,578   35,542   36,338 
S&P500 (^GSPC): Daily   4,371   4,381   4,397   4,407   4,422 
Weekly   4,355   4,373   4,402   4,420   4,448 
Monthly   4,158   4,275   4,405   4,522   4,652 
Nasdaq (^IXIC): Daily   14,486   14,533   14,616   14,663   14,747 
Weekly   14,449   14,514   14,635   14,700   14,821 
Monthly   13,690   14,135   14,769   15,214   15,849 
  • 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:

Pivot point: P = (H + L + C)/3

First resistance level: R1 = (2 * P) – L

First support level: S1 = (2 * P) – H)

Second resistance level: R2 = P + (R1 – S1)

Second support level: S2 = P – (R1 – S1)

H = high price , L=low price, C=closing price

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Earnings, Chart Patterns & Industries

Earnings season will be starting in about 5 days.

Here’s a symbol list of 151 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ACIW, ADBE, ALRM, AYX, AMZN, APA, AAPL, ARCB, ADM, AWI, ADSK, ADP, AVY, BLL, BZH, BIO, BRC, CDNS, CALM, CAL, CLS, CRL, CVX, CAG, COP, CLR, CSOD, CCRN, CCK, EPAM, EFX, EQT, XOM, FICO, FISV, GPS, GPN, GES, HLIT, HSC, HE, HTLD, HOLX, HON, DHI, IDA, IDXX, INFN, ITGR, KALU, KELYA, KMT, LDOS, LNC, L, LXU, MHO, MRO, MGEE, MU, MCO, MYGN, ^IXIC, NOV, NCR, NWL, NUS, OXY, OGE, OMI, OXM, PKG, PRFT, PNW, PRU, DGX, RL, RMBS, SCHW, SIGI, SMTC, NOW, SLGN, SKX, SRDX, SNPS, TECH, TFX, TPX, TDC, TSCO, RIG, UPS, VMC, WSO, WU, WMB, WOLF, IYE, IHI, IEO, IEZ, FTEC, FDN, QTEC, FXL, BOTZ, ICF, IAT, IYZ, IGV, IGE, EWC, EWQ, EIS, EWI, EWM, EWW, EWP, TUR, EWU, QLD, DBA, PBE, PEJ, PXJ, QQQ, PHO, IXC, IXN, SSO, XLE, XHB, XLB, SPY, XLK, USO, VAW, MGK. Clink 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.

This Week Last Week
1. Petroleum (Producing) 1. Petroleum (Producing)
2. Human Resources 2. Human Resources
3. Petroleum (Integrated) 3. Precision Instrument
4. Precision Instrument 4. Medical Supplies
5. Insurance (Diversified) 5. Shoe
6. Securities Brokerage 6. Drug
7. Information Services 7. Insurance (Diversified)
8. Natural Gas (Diversified) 8. Retail Store
9. Retail Store 9. IT Services
10. Drug 10. E-Commerce
Best Performing Above Worst Performing Below
50. Chemical (Basic) 50. Household Products
51. Household Products 51. Apparel
52. Short ETFs 52. Short ETFs
53. Medical Services 53. Chemical (Basic)
54. Electric Utility (West) 54. Electric Utility (West)
55. Retail (Special Lines) 55. Retail (Special Lines)
56. Semiconductor Cap Equip. 56. Medical Services
57. Telecom. Equipment 57. Metal Fabricating
58. Apparel 58. Telecom. Equipment
59. Homebuilding 59. Air Transport
60. Air Transport 60. Homebuilding

— Thomas Bulkowski

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Monday to Friday 10/4/21 to 10/8/2021. Quiz Week

Take one of these quizzes each day. All of them are based on actual trades I’ve made, some of them recently.

The following is a brief review of how the markets performed over time, ending Friday 10/1/2021. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Up 71.37 points.

Tuesday: Down 569.38 points.

Wednesday: Up 90.73 points.

Thursday: Down 546.8 points.

Friday: Up 482.54 points.

For the Week Ending 10/1…

The Dow industrials were down 471.54 points or 1.4%.

The Nasdaq composite was down 481 points or 3.2%.

The S&P 500 index was down 98.44 points or 2.2%.

Year to Date, Ending 10/1…

Dow Industrials

     3.7% down from the high of 35,631.19 on 08/16/2021.

     15.0% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     5.4% down from the high of 15,403.44 on 09/07/2021.

     17.5% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     4.2% down from the high of 4,545.85 on 09/02/2021.

     19.0% up from the low of 3,662.71 on 01/04/2021.

Here’s a symbol list of 105 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, ACN, AJRD, ALK, AFG, ABC, APH, AWI, BLL, BRC, CPB, CNP, CHD, CTSH, CREE, DECK, DRQ, DUK, EBAY, EQT, FOE, FTNT, GILD, HQY, HSII, HURC, ILMN, INOV, INTC, IPAR, TILE, NVTA, JCOM, K, KMB, LH, LAWS, LXU, MHO, MRO, MRTN, MTRX, MDT, MRK, MUR, NOV, NCR, NEU, PKG, PANW, PDCO, PFE, PINC, PG, PGR, RJF, SLB, SMG, SLGN, STMP, SSYS, TXN, TOL, TRV, TZOO, SLCA, VRTX, WSM, IYK, IYE, IHI, IEZ, QTEC, FXL, BOTZ, EWO, EWZ, EWQ, EIS, EWL, EWT, QLD, IBB, DBA, PEJ, PXJ, IEV, XLE, XLV, XAR, VHT. Clink 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.

This Week Last Week
1. Petroleum (Producing) 1. Precision Instrument
2. Human Resources 2. Medical Supplies
3. Precision Instrument 3. Human Resources
4. Medical Supplies 4. Shoe
5. Shoe 5. Retail Store
6. Drug 6. Petroleum (Producing)
7. Insurance (Diversified) 7. E-Commerce
8. Retail Store 8. Drug
9. IT Services 9. IT Services
10. E-Commerce 10. Computer Software and Svcs
Best Performing Above Worst Performing Below
50. Household Products 50. Chemical (Specialty)
51. Apparel 51. Household Products
52. Short ETFs 52. Apparel
53. Chemical (Basic) 53. Air Transport
54. Electric Utility (West) 54. Chemical (Basic)
55. Retail (Special Lines) 55. Medical Services
56. Medical Services 56. Electric Utility (West)
57. Metal Fabricating 57. Natural Gas (Distributor)
58. Telecom. Equipment 58. Metal Fabricating
59. Air Transport 59. Oilfield Svcs/Equipment
60. Homebuilding 60. Short ETFs

— Thomas Bulkowski

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Friday 10/1/21. 2021 Forecast Update

Here’s the updated 2021 forecast for October, presented in slider format.

Based on sector performance from Fidelity, the best performing sectors for one-year performance as of 30 September 2021 were…
(The numbering is how they ranked a month ago.)

4. Energy (+71%)

1. Financials (+59%)

2. Communication services (+38%)

7. Information technology (+29%)

6. Real estate (+29%)

5. Industrials (+28%)

3. Materials (+26%)

8. Health care (+24%)

9. Consumer discretionary (+20%)

11. Consumer staples (+11%)

10. Utilities (+9%)

The folks at two firms polled by Fidelity weigh the sectors in this order.

1. Information technology (IT)

2. Health care

3. Consumer discretionary

5. Communication services

4. Financials

6. Industrials

7. Consumer staples

11. Energy

8. Real estate

9. Materials

10. Utilities

Here’s how they rank the industries, but only the top 10 appear. One-year change, as of 9/29. The numbering is how they ranked a month ago but that was based on year-to-date performance.
This list is for one year performance.

1. Real estate management and development (108%)

2. Consumer finance (+98%)

3. Construction and engineering (+90%)

New. Energy equipment and services (+79%)

5. Banks (+78%)

New. Oil, gas and consumable fuels (+71%)

New. Automobiles (+60%)

10. Capital markets (55%)

8. Auto components (+53%)

7. Electronic equipment instruments and components (47%)

$ $ $

Here’s a symbol list of 227 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, MMM, ABT, ACIW, AYI, AJRD, ATSG, AKAM, ALK, ALKS, ALL, AEO, AFG, AMWD, ABC, APH, ANTM, AON, APA, AAPL, ATR, ADM, ARW, AIZ, AVY, AVNT, BMI, BLL, BSET, BAX, BECN, BBBY, BRC, BLDR, CBT, CPB, CE, CNP, CVX, CINF, CSCO, CNA, CTSH, CL, COST, CR, CRH, CCRN, CMI, DHR, DECK, DDS, ^DJI, D, DRQ, EBAY, EQT, XOM, EZPW, FIS, FISV, FLS, IT, GD, GE, GILD, GL, EVRG, GFF, GES, HBI, HIG, HE, HQY, HELE, HP, HNI, HD, DHI, HOV, HUBG, HURC, IDA, IEX, INOV, IBP, IPAR, TILE, NVTA, JKHY, JBLU, JNJ, K, KELYA, KBAL, KMB, KSS, LH, LANC, LAWS, LEG, LDOS, LEN, LMT, MHO, M, MRTN, MLM, MA, MTRX, MDT, MGEE, MU, MCO, MS, MLI, MUR, NOV, NCR, NTGR, NJR, NEU, JWN, OGE, OMCL, OXM, PATK, PDCO, PRFT, PFE, POR, PPG, PPL, PINC, PG, PHM, DGX, RL, RMBS, RJF, RGA, REV, RLI, ROK, RCKY, SLB, SAIC, SMG, SEIC, SIGI, SMTC, SLGN, SO, SCCO, LUV, SXI, SCS, SUM, SRDX, TPR, TGT, TXT, TKR, TOL, TRV, TZOO, VEEV, VRTX, WMT, WMB, ITA, IYK, IHI, IEZ, IHE, FTEC, FXL, FXI, BOTZ, ICF, IYH, IHF, IAT, IYZ, SLV, ECH, EEM, EWQ, EWJ, EWY, EWD, THD, QLD, PXJ, PJP, PHO, ROBO, XLP, GLD, XLV, XHB, USO, VHT. Clink this link for details (pattern type, start and end dates).

For a list of small patterns (those a few days wide) click this link.

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