Trading Quiz Tuesday…

Friday 11/5/21. Pattern Trading Setups for the Weekend.

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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:
DDD, MMM, AXDX, ACIW, ADBE, ADTN, AMD, ALRM, ALB, AA, AMZN, AEP, AXP, AMN, APA, ACGL, ASH, AVA, AXS, BAX, BECN, BBY, BKH, BRKS, BG, CDNS, CENX, CF, CRL, CHS, CHD, CLNE, GLW, COST, CR, CCRN, DDS, DOV, DRQ, DTE, EMN, EBAY, FDX, FOE, FE, FLS, FMC, FRD, GNW, HIG, HL, HUBG, IEX, INFN, IIIN, IVC, NVTA, KBAL, LNC, RAMP, LOW, MANH, MAN, MCHX, FB, MGEE, ^IXIC, NCR, NTGR, NWL, NEU, NXGN, NVDA, OXY, ORI, OMC, PAYX, PYPL, PRFT, PFE, PNW, PG, QCOM, RGS, RLI, RHI, RCKY, RES, SRE, SWN, SCS, SSYS, SUM, TECH, TPX, TDC, TRV, TZOO, VLO, VRSN, WLK, IYC, IHI, IEZ, FTEC, FDN, QTEC, FXL, FXI, BOTZ, IHF, SOXX, IGE, EWK, EWJ, EWL, EWU, QLD, PBE, PEJ, QQQ, PHO, ROBO, XLY, XLE, XLI, XAR, SMH, 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.

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You can find setups based on a Fibonacci retrace by clicking on the link.

The following patterns were found manually, not using Patternz. Mr. Bulkowski has excluded any securities he owns from appearing in the list. However, he may add any of the securities listed to his portfolio at any time, just as you can.

In the table below, the red and green colors are based on the historical breakout direction for the associated chart pattern. If a high and tight flag appears, the start and end dates highlight the flagpole only and not the flag.

For details about the chart patterns, click here.

— Thomas Bulkowski

Thursday 11/4/21. Intraday Market Direction: Nasdaq

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 231/400 or 57.7% 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.

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I tried to show bitcoin on the weekly scale, but my software didn’t cooperate. So this is on the daily scale.

What I wanted to illustrate was overhead resistance setup by a prior peak. At D, you can see the coin bounced off overhead resistance (setup by a peak off the chart), and turned down for
another try at a new high (to the right of D).

I drew two red trendlines on the chart. The coin is moving higher following those two trendlines. If the coin behaves like a stock, it should bounce off the top trendline (which it has, at D)
and head lower. It’s attempting to do just that but it looks like it’s going to make another try for a new high.

A chart pattern called a measured move up, highlighted here by ABCD. After the pattern completes, you often see price return to the corrective phase of the pattern.
That means a drop back to within BC. With the coin looking to head toward the top red trendline, it might break to a new high instead of retracing.

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Here’s a symbol list of 149 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, ADTN, AJRD, ALRM, ALB, ALL, DOX, AMED, AEO, AEP, AXP, AFG, AIG, ANIK, APA, AWI, ARW, ATO, AVNT, AXS, BAX, BECN, BZH, BBBY, BBY, BMY, BRKS, BLDR, BG, CDNS, CE, CNC, CRL, CHKP, CINF, CRH, CROX, CSGS, DDS, EBAY, FDX, FOE, FE, FMC, FRD, GPS, GNW, GPRO, HBI, HQY, HSIC, HNI, HOLX, INCY, NSP, IBP, IIIN, TILE, IPG, KELYA, KBAL, KSS, KLIC, LZB, LAWS, LDOS, M, MCHX, MTRX, FB, MGEE, MLKN, MLI, NFLX, NJR, NEE, NKE, JWN, NUS, OLN, OMI, PKE, PTEN, PFE, PCG, PINC, PG, KWR, RGS, RGA, REV, RLI, RCKY, ROST, SCHW, SMG, SWX, SCS, TPR, TFX, TPX, TZOO, UNM, VLO, WMT, WAT, WERN, WSM, XLNX, IYK, IYC, ITB, FXI, ICF, IAT, IGE, EWO, EWK, EWC, EWJ, EWS, EWL, THD, TUR, PBE, ROBO, IXC, XLE, GLD, XHB, 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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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

Wednesday 11/3/21. A Look At Indicators

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.

Last week I wrote about bearish divergence shown between the indicator and the composite. In this chart, we see the indicator reaching or approaching its upward limit (100) before backing off
and the composite making a new high.

Indeed, today (Tuesday), the CPI dropped a bit from 90% to 81.5%. The indicator remains bullish.

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).

The red line is the more sensitive of the two red and blue indicator lines. Today, the red line dipped by one percentage point compared to a week ago. That’s bearish but not alarmingly so.

When you look at this chart, the trend of the red line is downward (bearish). The indicator peaked in March and remains below that peak. However, it has bounced off the low set in September.

We see a bullish CPI (prior) chart that has turned down. This chart has reversed a bearish trend begun in March. Will the markets continue to rise? It’s a complex question to answer.

The historical trend says that the markets will rise going into the new year. These two charts are signaling caution, but it’s mild, and they are bullish. What I’m saying is that the markets
are soft so watch for bearish news sending them lower. If bearish news doesn’t sway the markets, then that’s bullish.

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Here’s a symbol list of 140 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, ADTN, AEIS, AMD, ALRM, ALB, AEO, AXP, APOG, AAPL, ATR, ATO, ADSK, AVY, AVA, AXS, BCPC, BECN, BZH, BERY, BBY, BKH, BOOT, BRC, BRKS, BG, CE, CIEN, CGNX, CL, EBAY, EL, EXPD, FFIV, FE, FORM, FRD, GPS, GIS, GPN, GS, HLIT, HSC, HE, HELE, HOLX, DHI, HOV, JBHT, IEX, INFN, NSP, IIIN, IPG, IPI, IVC, JBLU, KFRC, KBAL, KLAC, KLIC, LHX, LH, LAWS, LDOS, LEN, RAMP, LMT, MCHX, MLM, MAS, MTRN, MDC, MOS, CNR, NEE, ORI, ASGN, OUT, PKG, PTEN, PICO, POR, PG, PHM, DGX, RGS, ROK, RCKY, ROG, SCHW, SMTC, SLGN, TPX, TOL, TZOO, TREX, UPS, VFC, VLO, VRTX, WRB, WU, ZBRA, IHE, FTEC, QTEC, FXI, BOTZ, IYZ, SLV, IGE, EWA, EWK, EWQ, EWG, EPP, EWL, EWU, ROBO, XLE, VHT, 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

Tuesday 11/2/21. Slider Trading Quiz! Eagle Materials

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 231/414 or 55.8% of the time.

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

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I show another slider trading quiz featuring Eagle Materials: EXP 1

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Here’s a symbol list of 152 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, ABT, ANF, AXDX, ACIW, AEIS, ALRM, ALB, AA, DOX, AEO, ANIK, ANTM, APA, APOG, ATR, ARCB, ADSK, AVA, AXS, BCPC, BERY, BBY, BIO, BKNG, BOOT, BRKS, BG, CLS, CX, CNC, CENX, CLNE, CNA, CGNX, CMTL, CAG, COTY, CRH, CROX, CTS, EPAM, EFX, EZPW, FICO, FOE, FE, FLS, FTNT, FWRD, FRD, GPS, GD, GIS, GNW, GL, GOOGL, HLIT, HP, HD, JBHT, IDXX, ITW, INOV, INTU, JBLU, KBH, KELYA, KBAL, KLIC, LZB, LDOS, LLY, MTSI, M, MAS, MTRN, FB, MGEE, NCR, NXGN, JWN, NWPX, OLN, PDCO, PAYX, POR, PG, PEG, KWR, RJF, REV, ^GSPC, SLB, SCHW, SIGI, NOW, SSYS, SRDX, TECH, TFX, RIG, SLCA, UPS, VLO, WDAY, ITA, IYC, IEO, IEZ, IHE, IDU, FXL, BOTZ, IYZ, IGE, EWO, ECH, EWQ, EIS, EWI, EWM, EWP, EWD, EWL, PPA, DBA, PEJ, PXJ, PJP, ROBO, IXC, XLY, XLE, UNG, 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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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

Monday 11/1/21. 2021 Forecast Update

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

Based on sector performance from Fidelity, the best performing sectors for one-year performance as of 29 October 2021 were…
(The numbering is how they ranked a month ago.)

1. Energy (+101%)

2. Financials (+67%)

5. Real estate (+40%)

4. Information technology (+38%)

3. Communication services (+36%)

6. Industrials (+35%)

7. Materials (+34%)

9. Consumer discretionary (+28%)

8. Health care (+25%)

10. Consumer staples (+12%)

11. Utilities (+4%)

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. Financials

4. Communication services

6. Industrials

7. Consumer staples

8. Energy

9. Real estate

10. Materials

11. Utilities

Here’s how they rank the industries, but only the top 10 appear. One-year change, as of 10/29. 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 (134%)

4. Energy equipment and services (+105%)

6. Oil, gas and consumable fuels (+100%)

2. Consumer finance (+88%)

3. Construction and engineering (+85%)

5. Banks (+84%)

7. Automobiles (+79%)

8. Capital markets (66%)

9. Auto components (+64%)

10. Communications equipment (53%)

Here’s a symbol list of 88 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, AXDX, AEIS, AMD, AA, ADS, AEO, AEL, APOG, ATR, AIZ, AXS, BAX, BECN, BERY, BBY, BRC, BRKS, BG, CX, CENX, CHS, CHD, CSCO, ED, CAG, COTY, CTS, DHR, DRQ, EMN, EBAY, WIRE, EQT, RE, FFIV, FOE, FE, FRD, GNW, GL, GOOGL, HBI, HE, HAYN, HQY, HON, IBP, ITGR, IBKR, KALU, KLAC, LH, LNC, LOW, MTSI, MDT, MYGN, NXGN, NVDA, OLN, PTEN, RJF, RGA, RLI, SWX, SCS, SUM, TGT, TG, UGI, VLO, WRB, FDN, IYZ, SOXX, IGE, EWO, ECH, EEM, EWW, EZA, EWY, THD, PPA, XLE. 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.

— Thomas Bulkowski