Home / Charting / Chart Pattern Indicator: What's It Say?…
BBlog.jpg

Chart Pattern Indicator: What's It Say?…

Blog: June 2021

Bulkowski's Blog: ThePatternSite.com

As of 06/04/2021

  Indus: 34,756 +179.35 +0.5%  

  Trans: 15,467 -72.45 -0.5%  

  Utils: 901 -1.67 -0.2%  

  Nasdaq: 13,814 +199.98 +1.5%  

  S&P 500: 4,230 +37.04 +0.9%  

YTD

 +13.6%  

 +23.7%  

 +4.2%  

 +7.2%  

 +12.6%  

  Up arrow36,000 or 33,000 by 06/15/2021
  Up arrow17,000 or 15,000 by 06/15/2021
  Up arrow950 or 875 by 06/15/2021
  Up arrow14,600 or 12,950 by 06/15/2021
  Up arrow4,400 or 4,000 by 06/15/2021

As of 06/04/2021

  Indus: 34,756 +179.35 +0.5%  

  Trans: 15,467 -72.45 -0.5%  

  Utils: 901 -1.67 -0.2%  

  Nasdaq: 13,814 +199.98 +1.5%  

  S&P 500: 4,230 +37.04 +0.9%  

YTD

 +13.6%  

 +23.7%  

 +4.2%  

 +7.2%  

 +12.6%  

  Up arrow36,000 or 33,000 by 06/15/2021
  Up arrow17,000 or 15,000 by 06/15/2021
  Up arrow950 or 875 by 06/15/2021
  Up arrow14,600 or 12,950 by 06/15/2021
  Up arrow4,400 or 4,000 by 06/15/2021

 


Monday 6/7/21. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

This is a pic of the Dow industrials on the daily chart. What can we see?

All of the colored lines are variations of scallops. The red, blue, and orange lines are ascending and inverted scallops. The ends of those patterns
are above the start and they have a nice arc between the two points. Usually I look for that arc on the tops of the patterns. In this case, I show it on the bottom.

The green pattern is an ascending scallop where the end is above the start, with a nice rounded turn in between. In this case, I drew the green line along
price highs when I usually look for the curve along the lows.

The orange and green lines begin to frame a diamond top chart pattern, but it looked odd enough that I didn’t have the courage to publicly call it a diamond.

So there you have it. None of the patterns tell what’s going to happen. Sometimes with scallops (of any type), a series of them appearing in the same uptrend like you see here with the
red, blue, and orange patterns, you see them getting either narrower/shorter or wider/taller as price climbs the trend. When that happens, look for a trend change especially if the last
scallop in the series has nearly equally priced ends.

With these three, they have inconsistent sizes, so I don’t attach any significance to their appearance.

I guess what I’m saying is look for the uptrend to continue.

Top

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.

Tuesday: Up 45.86 points.

Wednesday: Up 25.07 points.

Thursday: Down 23.34 points.

Friday: Up 179.35 points.

Saturday: Holiday or other weird event!

For the Week…

The Dow industrials were up 226.94 points or 0.7%.

The Nasdaq composite was up 65.75 points or 0.5%.

The S&P 500 index was up 25.78 points or 0.6%.

Year to Date…

Dow Industrials

     1.0% down from the high of 35,091.56 on 05/10/2021.

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

Nasdaq

     2.8% down from the high of 14,211.57 on 04/29/2021.

     11.4% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     0.2% down from the high of 4,238.04 on 05/07/2021.

     15.5% up from the low of 3,662.71 on 01/04/2021.

Options Expiration

No options expire this week.

Top

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   34,562   34,659   34,716   34,813   34,869 
Weekly   34,132   34,444   34,647   34,959   35,162 
Monthly   32,823   33,790   34,441   35,407   36,058 
S&P500 (^GSPC): Daily   4,196   4,213   4,223   4,240   4,251 
Weekly   4,144   4,187   4,211   4,253   4,277 
Monthly   3,994   4,112   4,175   4,293   4,356 
Nasdaq (^IXIC): Daily   13,643   13,729   13,778   13,864   13,913 
Weekly   13,446   13,630   13,733   13,917   14,020 
Monthly   12,552   13,183   13,634   14,265   14,716 
  • 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

Top

Earnings, Chart Patterns & Industries

Earnings season is over.

Here’s a symbol list of 129 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AKAM, ALK, AA, DOX, AMED, AEO, AEL, ABC, APH, ANTM, AON, ADM, AXS, CALM, CPB, CLS, CNC, CNP, CHS, CLF, CLX, CSOD, GLW, CREE, DECK, ^DJT, BOOM, FDX, FIVN, FLEX, FLS, FORM, FTNT, FWRD, GPS, GE, GNW, GOOGL, HBI, HE, HP, HUBG, HURC, IEX, INFN, INOV, ITGR, INTU, JBLU, KALU, KELYA, KLAC, LHX, LH, LAWS, LMT, LOW, MRO, MLM, MTRN, MU, MS, MUR, NOV, NJR, NWPX, NUS, OXY, OMCL, OUT, OXM, PKE, PATK, PNW, PINC, DGX, RGS, SLB, SMG, SEE, SRE, SCCO, LUV, SR, TEVA, TXN, UGI, UPS, VMC, WERN, ZBRA, IAI, IDU, QTEC, FXL, FXI, BOTZ, IYH, IAT, IGV, IGE, EWK, EWZ, ECH, EWJ, EZA, PXJ, PJP, ILF, XLP, XLV, XAR, XLK, 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 below industries were the best (rank 1) or worst performing of those I follow.

This Week Last Week
1. Retail (Special Lines) 1. Retail (Special Lines)
2. Oilfield Svcs/Equipment 2. Petroleum (Producing)
3. Petroleum (Producing) 3. Securities Brokerage
4. Securities Brokerage 4. Apparel
5. Petroleum (Integrated) 5. Homebuilding
6. Homebuilding 6. Oilfield Svcs/Equipment
7. Furn/Home Furnishings 7. Cement and Aggregates
8. Apparel 8. Furn/Home Furnishings
9. Human Resources 9. Shoe
10. Cement and Aggregates 10. Petroleum (Integrated)
Best Performing Above Worst Performing Below
50. Precision Instrument 50. Computer Software and Svcs
51. Telecom. Equipment 51. Telecom. Equipment
52. Electric Utility (West) 52. E-Commerce
53. Electric Utility (Central) 53. Healthcare Information
54. Computer Software and Svcs 54. Electric Utility (Central)
55. Electric Utility (East) 55. Electric Utility (East)
56. Healthcare Information 56. Electric Utility (West)
57. Chemical (Specialty) 57. Chemical (Specialty)
58. Household Products 58. Household Products
59. Short ETFs 59. Short ETFs


— Thomas Bulkowski

Top


Friday 6/4/21. Pattern Trading Setups for the Weekend.

$ $ $

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:
ACN, AA, ALKS, DOX, AMED, AEL, ADM, AIZ, AVY, AXS, BMI, BLL, BAX, BBBY, BMY, CLS, CX, CNP, CRL, CIEN, CLNE, CLF, CLX, CONN, CLGX, GLW, DFS, ^DJT, DOV, BOOM, EFX, EXPD, FIVN, FLEX, GPS, GOOGL, GGG, HBI, HON, HUBG, IIIN, IBKR, JCOM, KALU, KFRC, LZB, LAWS, MANH, MAN, MRO, MAS, MDT, MRK, MGEE, MS, MLI, NWPX, OXY, OUT, PKE, PATK, PETS, PNW, RCKY, SLB, SMG, SRE, SMTC, NOW, SLGN, SRDX, TPR, TXT, TKR, RIG, VC, WERN, WDAY, XEL, IYM, IAI, IDU, IHF, ECH, EWH, EWP, TUR, PXJ, PJP, XLP, XLF, XLV, XLB, 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 17 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 575 stocks searched, or 3.0%. 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 12 bullish chart patterns this week and 4 bearish ones with any remaining (2) 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

Top

 

 

Top


Thursday 6/3/21. Intraday Market Direction: Nasdaq

The index climbed by 0.1% or 19.85 points. Since 02/05/1971 the index made 714 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.6% on 397 occasions.

     Average loss was -0.8% on 317 occasions.

Expect the index to close higher 55.6% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 217/381 or 57.0% of the time.

     The prediction of the index closing lower has been right 58/122 or 47.5% 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.

I drew the bottom red line first because I noticed multiple points (valleys) resting on it. The line shows support. Along the top, I noticed that there was another trend, this one upward
but shorter than the bottom one.

The two lines form a mouthful: broadening formation, right-angled and ascending chart pattern. A partial rise at point A suggests a downward breakout.

The index should have closed below the bottom red line at B but it didn’t. Tests show a partial rise correct predicts a downward breakout 74% of the time from this type of
broadening pattern.

Now, it looks as if the index is rising which also agrees with the above probabilities.

$ $ $

Here’s a symbol list of 166 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, AYI, AES, AFL, ATSG, AA, DOX, AEO, AEL, AIG, APOG, AMAT, ARCB, AWI, AGO, ADP, AVY, AVNT, BCPC, BSET, BECN, BBBY, BERY, BMRN, BKNG, BMY, CBT, CE, CX, CNP, CRL, CHKP, CHS, CLF, CMCO, CCK, CMI, CW, DHR, DECK, DDS, ^DJT, BOOM, EXP, EL, EXPD, FLEX, FLS, FMC, FDP, GME, GPN, GOOGL, GGG, GFF, HBI, HAYN, HELE, HP, HSIC, HON, HUBG, HURC, IDXX, ILMN, INOV, IBP, ITGR, IPAR, INTU, ISRG, JAZZ, KALU, KBH, KMT, KFRC, LAMR, LAWS, LEG, LEN, MTSI, MANH, MRO, MAS, MA, MDT, MLI, NBR, CNR, NTGR, NEU, NKE, NWPX, NVDA, OLN, ASGN, OUT, OXM, PKE, PATK, PTEN, PAYX, PETS, PICO, POR, QCOM, REV, RCKY, RES, SAIA, NOW, SLGN, SCCO, SCS, SRDX, TGT, TECH, TXT, TKR, TJX, SLCA, UPS, VEEV, WRB, WMT, WERN, WSM, IYM, IYE, ITB, IHI, BOTZ, ICF, IYZ, EWA, EWK, ECH, EWH, EWJ, PEJ, PJP, ILF, XLE, XLV, XLB, 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 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

© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   12,447.78      
 Monthly S1   13,102.06   654.27   
 Weekly S2   13,439.54   337.49   
 Weekly S1   13,597.94   158.39   
 Daily S2   13,654.50   56.57   
 Monthly Pivot   13,656.81   2.31   Yes! The Monthly Pivot is close to the Daily S2.
 Low   13,689.74   32.93   
 Daily S1   13,705.42   15.68   
 Weekly Pivot   13,709.40   3.99   Yes! The Weekly Pivot is close to the Daily S1.
 61.8% Down from Intraday High   13,722.65   13.25   
 50% Down from Intraday High   13,732.82   10.17   
 Daily Pivot   13,740.65   7.84   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High   13,742.98   2.33   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Open   13,743.24   0.26   Yes! The Open is close to the 38.2% Down from Intraday High.
 Close   13,756.33   13.09   
 High   13,775.89   19.56   
 Daily R1   13,791.57   15.68   
 Daily R2   13,826.80   35.24   
 Weekly R1   13,867.80   40.99   
 Weekly R2   13,979.26   111.47   
 Monthly R1   14,311.09   331.82   
 Monthly R2   14,865.84   554.76   


Wednesday 6/2/21. 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.

The bullish signal, shown as the vertical green bar, is intact. It can change for up to a week, but it’s usually stable after 3 days. The signal looks 4 trading days old, or probably
like 6 calendar days old. So it’s probably reliable.

The market has moved higher, but slowly, as if it’s searching for a path. Coupled with overhead resistance from the recent high, I still don’t trust it. I think the market is going lower.

That’s just a feeling, so I could be wrong. But it seems that the market is struggling to move up.

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, 12% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 13%.

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

And the most was 64% on 06/11/2020.

Shown as a blue line on the above chart…

The 467 stocks in my database are down an average of 9% from their yearly high.

A week ago, the average was 10%.

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

And the bottom was 28% on 06/26/2020.

Both the red and blue lines showed improvement compared to a week ago. So that’s bullish.

The prior chart and this one are bullish. The red line on this chart is the more sensitive of the two, and it’s rising. That’s a bullish sign. So I don’t understand my concern about the market
falling. Maybe that’s how a market rises…on worry that it’ll drop.

$ $ $

Have you removed the dust from your refrigerator cooling coils recently? I did that this weekend. I unplugged the fridge from the wall, removed the back panel and used my vacuum cleaner
to suck up as much dust as possible. I also used a brush that was thin but long, about half inch wide and six inches long. The brush fit perfectly between several folds in the coils.
Another tour with the vacuum cleaner and I was ready for the power tools. I went to the garage and grabbed my leaf blower. I blasted the until with 200 mph winds. The dust bunnies ran
cover and a cloud of dust rose in my kitchen. But the coils were clean.

$ $ $

Went on a group bicycle ride with the mayor et al from the neighboring town. Near the end of the ride, I noticed that my rear tire was thump-thump-thumping. When we stopped, I looked at the tire and
it was ready to burst. I couldn’t believe it. I only put on 4,000 miles in 2 years (changed last in Feb 2019). The original set lasted thousands more miles and 8 years.

$ $ $

Here’s a symbol list of 194 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, AYI, ATSG, ALB, AA, ADS, AYX, DOX, AMED, AXP, AIG, AMWD, AMGN, APA, ATR, ARCB, ADM, AGO, AVY, BBBY, BA, BKNG, BRC, BMY, BG, CBT, CAL, CE, CNC, CNP, CENX, CRL, CHS, CHD, CTXS, CLF, CTSH, CMTL, ED, CLR, CRH, CMI, XRAY, DVN, DFS, D, DOV, DRQ, EIX, EMR, EL, EXPD, FFIV, FDS, FISV, FLS, FTNT, FCX, GME, GPS, GILD, GS, GGG, EVRG, GFF, HSC, HAYN, HTLD, HL, IDA, IEX, IDXX, INCY, NSP, IPI, ISRG, NVTA, JAZZ, LHX, LH, LAWS, LDOS, LLY, LNC, L, MTSI, MRO, MAS, MRK, MLHR, MCO, MS, MOS, MUR, MYGN, NBR, NOV, NTGR, NEE, NKE, OXY, OGE, PKE, PFE, PCG, POR, PFG, PG, PRU, QCOM, RGA, ROK, SMG, SEE, SWN, SUM, TECH, TER, RIG, UPS, UNM, VLO, WRB, WMT, WMB, ITA, IYM, IAI, IYK, IYE, IEO, IEZ, IHE, IDU, QTEC, FXI, BOTZ, IYH, IHF, SLV, IYF, EWO, EWZ, EWC, ECH, EEM, EWQ, EWG, EIS, EWI, EWW, EWS, EZA, EWY, EWD, EWL, EWT, THD, EWU, IBB, PPA, DBA, PBE, PXJ, PJP, IEV, IXC, ILF, MXI, XLY, XLP, XLE, XLF, XLV, XLB, UNG, 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.

— Thomas Bulkowski

Top


Tuesday 6/1/21. 2021 Market Forecast Update

Forecast Update

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

Based on sector performance from Fidelity, the best performing sectors for year to date performance as of 28 May 2021 were…
(The numbering is how they ranked a month ago.)

1. Energy (+36.1%)

2. Financials (+28.4%)

6. Materials (+20.3%)

5. Industrials (+18.4%)

4. Real estate (+17.7%)

3. Communication services (+16.3%)

9. Health care (+8.2%)

7. Consumer discretionary (+6.2%)

8. Information technology (+5.6%)

11. Consumer staples (+4.2%)

10. Utilities (+2.8%)

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

1. Information technology

2. Health care

3. Consumer discretionary

4. Financials

5. Communication services

6. Industrials

7. Consumer staples

8. Energy

9. Materials

10. Utilities

11. Real estate

Here’s how they rank the industries, but only the top 10 appear. Year to date returns, as of 5/27. The numbering is how they ranked a month ago.

8. Metals and mining (+48.1%)

3. Consumer finance (+40.8%)

1. Real estate management and development (39.7%)

2. Oil, Gas and Consumable fuels (+36.8%)

6. Banks (+35.3%)

9. Airlines (+31.9.%)

4. Household durables (+31.0%)

5. Interactive media and services (29.9%)

(new). Energy equipment and services (+29.5%)

(mew). Distributors (+28.3%)

Top

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: Up 186.14 points.

Tuesday: Down 81.52 points.

Wednesday: Up 10.59 points.

Thursday: Up 141.59 points.

Friday: Up 64.81 points.

For the Week…

The Dow industrials were up 321.61 points or 0.9%.

The Nasdaq composite was up 277.75 points or 2.1%.

The S&P 500 index was up 48.25 points or 1.2%.

Year to Date…

Dow Industrials

     1.6% down from the high of 35,091.56 on 05/10/2021.

     15.7% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     3.3% down from the high of 14,211.57 on 04/29/2021.

     10.9% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     0.8% down from the high of 4,238.04 on 05/07/2021.

     14.8% up from the low of 3,662.71 on 01/04/2021.

Options Expiration

No options expire this week.

Top

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   34,449   34,489   34,560   34,600   34,671 
Weekly   34,094   34,312   34,471   34,689   34,849 
Monthly   32,747   33,638   34,365   35,256   35,983 
S&P500 (^GSPC): Daily   4,194   4,199   4,209   4,214   4,223 
Weekly   4,149   4,177   4,198   4,225   4,246 
Monthly   3,985   4,095   4,166   4,276   4,348 
Nasdaq (^IXIC): Daily   13,699   13,724   13,772   13,797   13,846 
Weekly   13,437   13,593   13,707   13,863   13,977 
Monthly   12,445   13,097   13,654   14,306   14,863 
  • 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

Top

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 159 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, ACN, AMD, AFL, ALKS, AMED, AMWD, APOG, AMAT, ARCB, ADM, AWI, BSET, BKNG, EPAY, BRKS, CDNS, CNC, CVX, CHD, CGNX, CMCO, CONN, GLW, CREE, CMI, DHR, DECK, XRAY, DVN, DFS, DUK, BOOM, FFIV, FB, FAST, FIS, FISV, FDP, GME, GOOGL, GPRO, HLIT, HSC, HAYN, HQY, HSII, HNI, HD, HON, HOV, IDA, NSP, INTC, IPAR, NVTA, JKHY, KBAL, KLAC, LZB, LH, LRCX, LAWS, LEG, LXU, MTSI, M, MAS, MDC, MRK, MU, MYGN, NBR, NOV, NTGR, NVDA, OGE, OMCL, OMC, ASGN, OXM, PKE, PTEN, PYPL, PPG, QCOM, RL, RMBS, RGS, REV, RES, CRM, SMTC, NOW, SLGN, SO, SWN, SCS, SSYS, TECH, TDOC, TDC, TER, SLCA, VEEV, WU, WEX, WDAY, XEL, XLNX, IYE, IHI, IEZ, IHE, IDU, QTEC, BOTZ, IGV, SOXX, EIS, EWJ, EWS, EZA, EWY, EWP, EWT, EWU, QQQ, PHO, ROBO, ILF, SSO, XLY, XLE, XRT, XLU, 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.

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

This Week Last Week
1. Retail (Special Lines) 1. Retail (Special Lines)
2. Petroleum (Producing) 2. Petroleum (Producing)
3. Securities Brokerage 3. Oilfield Svcs/Equipment
4. Apparel 4. Securities Brokerage
5. Homebuilding 5. Petroleum (Integrated)
6. Oilfield Svcs/Equipment 6. Apparel
7. Cement and Aggregates 7. Homebuilding
8. Furn/Home Furnishings 8. Advertising
9. Shoe 9. Cement and Aggregates
10. Petroleum (Integrated) 10. Furn/Home Furnishings
Best Performing Above Worst Performing Below
50. Computer Software and Svcs 50. Computer Software and Svcs
51. Telecom. Equipment 51. Telecom. Equipment
52. E-Commerce 52. Electric Utility (Central)
53. Healthcare Information 53. Electric Utility (West)
54. Electric Utility (Central) 54. Electric Utility (East)
55. Electric Utility (East) 55. Healthcare Information
56. Electric Utility (West) 56. E-Commerce
57. Chemical (Specialty) 57. Chemical (Specialty)
58. Household Products 58. Household Products
59. Short ETFs 59. Short ETFs

— Thomas Bulkowski

Top


Source link


About admin

Check Also

BBlog.jpg

Trading Quiz Tuesday: Yellow Roadway…

Blog: May 2021 As of 05/06/2021   Indus: 34,549 +318.19 +0.9%     Trans: 15,724 +84.67 +0.5%     Utils: 909 +6.52 +0.7%   ...

Leave a Reply

Your email address will not be published. Required fields are marked *

NFL Jerseys 2019