Trading Quiz Tuesday: Frontier Airlines (2)…

Friday 1/7/22. Pattern Trading Setups for the Weekend.

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Here’s a symbol list of 114 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ANF, ACN, AES, ALK, AFG, ABC, AIZ, ATO, BSET, BZH, BBBY, BBY, CE, CENX, CRL, CHKP, CLNE, CSGS, DECK, XRAY, D, EXP, EBAY, EIX, EPAM, FIS, FMC, FCX, IT, GS, GGG, HE, HP, HSIC, HD, DHI, IEX, ILMN, NSP, IBP, IPAR, IVC, JKHY, K, KLAC, MTRX, MDC, MCO, NFG, CNR, NFLX, NTGR, NJR, NEE, NXGN, NKE, NI, NWPX, OLN, OTEX, PKG, PKE, PYPL, PRFT, PCG, PICO, PLXS, PPG, PPL, PG, PHM, KWR, RL, RGS, ROK, SO, SWN, SCS, TFX, TRV, TREX, UGI, VMI, V, VC, WRB, WERN, IYM, IYE, ITB, IYH, IHF, SLV, EWJ, EWM, EPP, EWY, TUR, EWU, DBA, PXJ, XHB, XLB, XLU, USO. 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 1/6/22. Cryptocurrency Ethereum: Bearish

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 234/407 or 57.5% of the time.

     The prediction of the index closing lower has been right 59/126 or 46.8% 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 show a picture of Ethereum on the daily scale.

AB is a confirmed double bottom chart pattern. It confirms when the currency closes above the peak (C) between the two bottoms, which it does going up to D.
Confirmation means the currency is going higher.

Unfortunately, it was a fake bullish breakout and the currency tumbled. Combined with the peak(s) in early November, it made a double or even a triple top, suggesting a bearish move.
That move took the index lower to where it is now.

It still looks bearish to me, so I expect additional declines.

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Here’s a symbol list of 184 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, ANF, ADBE, AES, APD, ATSG, ALK, ADS, AEL, AFG, AIG, APA, ACGL, ARW, AIZ, AVNT, BSET, BZH, BBBY, BBY, BMY, BLDR, CAL, CLS, CRL, CVX, CINF, CLNE, CLF, CNA, CGNX, CLR, XRAY, DDS, ^DJT, D, DOV, BOOM, EXP, EBAY, WIRE, EPAM, EFX, EQT, EVH, XOM, EZPW, FAST, FIS, FMC, FORM, FCX, FDP, GNW, GL, GS, GOOGL, GPRO, GGG, HBI, THG, HSC, HD, HUBG, IEX, NSP, IBP, IBKR, IPG, IVC, JKHY, JBLU, JNJ, KSS, LHX, LRCX, LAMR, LANC, L, LXU, M, MCHX, MRTN, MTRX, MDC, MSFT, MLKN, MCO, MLI, NBR, ^IXIC, NOV, CNR, NWL, NEU, NKE, JWN, ORI, OMCL, OMI, PATK, PTEN, PYPL, PRFT, PFE, PICO, PNW, KWR, RL, RGA, ROK, RES, CRM, SO, SWN, SXI, SSYS, SUM, TPR, TGT, TECH, TDOC, TFX, TPX, TXT, TJX, TSCO, RIG, TZOO, TG, SLCA, VMI, V, VMC, WRB, WERN, WLK, IAI, IYE, ITB, FTEC, IAT, SLV, EWO, EWK, EWC, EEM, EWH, EWJ, EWW, EWS, EWY, TUR, EWU, QLD, PXJ, QQQ, IXC, IXN, MXI, XLF, XHB, XRT, XAR, 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.

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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 1/5/22. 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.

The CPI shows a green bar on the far right of the chart. It looks like the index is taking a pause here in preparation for another upsurge. It’s a flag pattern
where we see a pause near the middle of a strong run higher.

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).

In this chart, the red line has confirmed a double bottom pattern. That’s bullish, but the indicator has already climbed a good amount. The blue line looks like it’s
about to peak, too, joining the horizontal move that started back in July.

The prior chart is bullish and this one shows caution, but it’s bullish, too. Together I believe the index will continue to rise.

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Here’s a symbol list of 184 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, ABT, ACN, ADTN, AMD, ATSG, ALK, AA, AMZN, AMED, AEE, AEP, AXP, ABC, AMN, ANTM, APA, ADM, AWI, AVA, BSET, BECN, BIO, BAH, EPAY, CACI, CALM, CLS, CNP, CRL, CHKP, CINF, CNA, COP, CRH, XRAY, DVN, DFS, D, DTE, DUK, EBAY, EMR, EOG, EPAM, EXPD, XOM, FOE, FE, FLEX, FMC, FORM, FWRD, GE, GNW, GILD, GL, GS, GPRO, HBI, HSC, HIG, HAYN, HQY, HSII, HNI, HON, IDXX, ISRG, NVTA, JBLU, KFRC, LRCX, LAMR, LAWS, LLY, L, LXU, MAN, MRO, MRTN, MTRX, FB, MLKN, MS, NBR, NJR, NWL, NEE, NVDA, OGE, OMCL, OMC, ASGN, OMI, PYPL, PRFT, PCG, PINC, PRU, PEG, KWR, RJF, RGS, RNG, RLI, CRM, SLB, SIGI, SKX, SO, LUV, SSYS, TDOC, TRV, SLCA, UNM, VFC, WERN, WU, WLK, WEX, WDAY, ITA, IAI, IEZ, IHE, DDM, FTEC, ICF, IYH, IAT, IGE, IYF, EWO, EWK, EWC, EEM, EWQ, EWG, EWH, EWI, EWD, EWT, THD, TUR, EWU, QLD, PPA, PXJ, QQQ, PHO, IXC, IXN, MXI, XLE, XLF, XLV, XRT, XLK, SMH, 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 1/4/22. Slider Trading Quiz! Frontier Airlines (2)

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 235/420 or 56.0% of the time.

     The prediction of the index closing lower has been right 44/93 or 47.3% of the time.

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I show another slider trading quiz featuring Frontier Airlines: FRNT 2

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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:
ANF, ACN, APD, ALRM, ALK, AA, ALKS, AYX, DOX, AMED, AEE, AFG, AMWD, AMGN, AMN, APH, APA, ARCB, ASH, AGO, ADSK, AVY, AVNT, AVA, AXS, AZTA, BSET, BAX, BECN, BIG, BMRN, BKH, BA, BMY, BBW, BLDR, CBT, CNP, CVX, CHS, CIEN, CINF, CLF, CGNX, CLR, CR, DVN, DDS, DFS, ^DJT, ^DJI, D, DOV, DRQ, DTE, DUK, EXP, EBAY, EIX, EMR, WIRE, EOG, EFX, EL, RE, EXPD, FOE, FE, FLS, IT, GE, GPN, GS, GPRO, GGG, GFF, GES, HNI, HOLX, HD, HUBG, JBHT, IDA, IEX, ITW, IBP, IVC, JBLU, KALU, KBH, KELYA, KSS, LHX, LEN, L, LOW, MHO, M, MRO, MCHX, MRTN, MDC, MDT, MLKN, MS, MLI, NBR, NTGR, NJR, NWL, NEE, NXGN, NKE, JWN, NWPX, NUS, OXY, OGE, ORI, OLN, ASGN, OTEX, OUT, OMI, OXM, PTEN, PYPL, PRFT, PLXS, POR, PEG, PHM, KWR, RL, RLI, RHI, ROK, ROG, ROST, RES, SAIA, SIGI, SLGN, SO, LUV, SWX, SXI, SCS, TXT, TKR, TOL, RIG, TG, TREX, UGI, VLO, VC, WRB, WSO, WERN, WU, WLK, WEX, WOLF, XLNX, IYM, IYC, IYE, ITB, IEO, ICF, IAT, IYZ, IYF, EWK, EWG, EIS, EWI, EZA, EWT, TUR, PXJ, PHO, MXI, XLY, XLF, XLI, XLB, VHT, VIS, 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.

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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 1/3/22. 2022 Forecast

Here’s how the indices finished this year, dividends not included.

Here’s the updated 2022 forecast, presented in slider format.

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

1. Energy (+47%)

4. Real estate (+42%)

2. Information technology (+34%)

3. Financials (+33%)

8. Health care (+25%)

7. Materials (+24%)

5. Consumer discretionary (+24%)

6. Communication services (+22%)

9. Industrials (+19%)

10. Consumer staples (+15%)

11. Utilities (+14%)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 12/23.

1. Information technology (IT)

3. Health care

2. Consumer discretionary

4. Financials

5. Communication services

6. Industrials

7. Consumer staples

9. Real estate

8. Energy

10. Materials

11. Utilities

Here’s how they rank the industries, but only the top 10 appear. One-year change, as of 12/30. The numbering is how they ranked a month ago.

3. Real estate management and development (75%)

4. Automobiles (+63%)

5. Distributors (+53%)

8. Construction materials (+52%)

2. Semiconductors & Semi equipment (+52%)

1. Construction and engineering (+51%)

7. Oil, gas and consumable fuels (+51%)

New. Communications equipment (+49%)

9. Interactive media & Services (+48%)

New. Building products (+46%)

The Indices…

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 351.82 points.

Tuesday: Up 95.83 points.

Wednesday: Up 90.42 points.

Thursday: Down 90.55 points.

Friday: Down 59.78 points.

For the Week…

The Dow industrials were up 387.74 points or 1.1%.

The Nasdaq composite was down 8.4 points or 0.1%.

The S&P 500 index was up 40.39 points or 0.9%.

For the Year…

Dow Industrials

     Closed at 36,338, up 18.7%.

     0.9% down from the high of 36,679.77 on 12/30/2021.

     21.7% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     Closed at 15,645, up 21.4%.

     3.5% down from the high of 16,212.23 on 11/22/2021.

     26.2% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     Closed at 4,766, up 26.9%.

     0.9% down from the high of 4,808.93 on 12/30/2021.

     30.1% up from the low of 3,662.71 on 01/04/2021.

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Here’s a symbol list of 158 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ANF, AEIS, AFL, APA, AAPL, ADM, ARW, AIZ, AGO, AVNT, AVA, AZTA, BLL, BAX, BECN, BIG, BA, BAH, BRC, BMY, BG, CBT, CE, CENX, CHS, CSCO, CLF, CLX, CNO, CGNX, CL, ED, CAG, CLR, CR, CCK, DVN, DDS, ^DJT, ^DJI, DUK, EMN, EBAY, EOG, RE, EZPW, FFIV, FLS, FTNT, GD, GE, GIS, GNW, GL, GES, THG, HLIT, HAYN, HQY, HSY, HON, DHI, INTC, JAZZ, JNJ, K, KELYA, KMT, KSS, LEG, LEN, LNC, LMT, LOW, MHO, M, MANH, MAN, MRO, MCHX, MRTN, MDC, MDT, MRK, MGEE, NXGN, NKE, JWN, NOC, NWPX, OXY, OMCL, ASGN, OTEX, OUT, OXM, PKG, PRFT, PCG, PPG, PFG, PGR, PEG, KWR, ROG, ROST, ^GSPC, SAIA, SHW, SO, SCCO, LUV, SXI, SNPS, TER, TKR, TREX, UNM, VLO, VC, WSO, WERN, WU, WLK, WEX, WOLF, XLNX, IYK, IEO, IEZ, IHE, DDM, EWA, EWM, EWS, EWY, EWT, TUR, IXN, SSO, XLP, GLD, XHB, XLB, SPY, XLK, UNG, VHT, 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.

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