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Trading Quiz Tuesday: Three Falling Peaks Pattern…






Blog: October 2023


Bulkowski's Blog: ThePatternSite.com

As of 10/05/2023

  Indus: 33,120 -9.98 0.0%  

  Trans: 14,678 -46.69 -0.3%  

  Utils: 790 -3.85 -0.5%  

  Nasdaq: 13,220 -16.18 -0.1%  

  S&P 500: 4,258 -5.56 -0.1%  

YTD

-0.1%  

 +9.6%  

-18.3%  

 +26.3%  

 +10.9%  

  Up arrow34,000 or 32,650 by 10/15/2023
  Up arrow15,500 or 14,200 by 10/15/2023
  Up arrow850 or 725 by 10/15/2023
  Up arrow13,750 or 12,700 by 10/15/2023
  Up arrow4,425 or 4,175 by 10/15/2023

As of 10/05/2023

  Indus: 33,120 -9.98 0.0%  

  Trans: 14,678 -46.69 -0.3%  

  Utils: 790 -3.85 -0.5%  

  Nasdaq: 13,220 -16.18 -0.1%  

  S&P 500: 4,258 -5.56 -0.1%  

YTD

-0.1%  

 +9.6%  

-18.3%  

 +26.3%  

 +10.9%  

  Up arrow34,000 or 32,650 by 10/15/2023
  Up arrow15,500 or 14,200 by 10/15/2023
  Up arrow850 or 725 by 10/15/2023
  Up arrow13,750 or 12,700 by 10/15/2023
  Up arrow4,425 or 4,175 by 10/15/2023


Friday 10/6/23. Pattern Trading Setups for the Weekend.

$ $ $

Here’s a symbol list of 115 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABM, AXDX, AMD, AFL, A, AKAM, ALK, ALB, ALL, AEL, APA, APOG, ARCB, ANET, AGO, BERY, CPB, COR, CNC, CIEN, CTAS, CLX, CNO, CNX, CTSH, CMCO, CONN, CXW, CROX, CCK, CSGS, DVN, DSGR, DRQ, BOOM, XOM, FORM, FTV, FCX, GPS, GFS, HIG, NSP, ITGR, TILE, JNJ, KEYS, KFRC, KLIC, LAMR, L, LXU, MTSI, MCHX, MDT, MUR, MYGN, NFLX, NTGR, NEE, NKE, NOC, NVDA, OXY, ON, PATK, PRU, RNG, R, SLB, SLGN, SMAR, SPLK, SRDX, TRGP, TDY, TXN, TJX, TDG, RIG, TRV, TG, UHAL, UIS, UNH, MDRX, VRTX, IYE, MXI, ILF, IEO, EWZ, EIS, EWW, THD, PBE, PXJ, PJP, XLE, XRT, UNG, USO. Click this link for details (pattern type, start and end dates).

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

$ $ $

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

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

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

For details about the chart patterns, click here.

— Thomas Bulkowski

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ABM Double Bottom, Adam and Adam        09/26/2023 10/04/2023 Industrial Services
ACIW Triple top        07/18/2023 08/31/2023 IT Services
ADTN Broadening bottom        09/18/2023 10/02/2023 Telecom. Equipment
BERY Three Falling Peaks        07/25/2023 09/01/2023 Packaging and Container
BSX Triple top        08/30/2023 09/20/2023 Medical Services
CALM Double Top, Adam and Eve        09/08/2023 09/26/2023 Food Processing
CHD Head-and-shoulders top        05/03/2023 09/01/2023 Household Products
CNX Broadening top        08/21/2023 10/04/2023 Natural Gas (Diversified)
COP Head-and-shoulders top        09/05/2023 09/28/2023 Petroleum (Integrated)
CTS Diamond bottom        09/08/2023 10/05/2023 Electronics
CW Head-and-shoulders top        08/09/2023 09/20/2023 Machinery
FANG Double Top, Eve and Adam        09/14/2023 09/28/2023 Petroleum (Producing)
DSGR Double Bottom, Adam and Eve        09/05/2023 09/21/2023 Metal Fabricating
FLS Triple top        09/12/2023 09/29/2023 Machinery
FORM Pipe bottom        09/11/2023 09/18/2023 Semiconductor
IT Broadening top        08/31/2023 09/28/2023 IT Services
GD Double Top, Eve and Eve        09/20/2023 10/03/2023 Aerospace/Defense
HBI Head-and-shoulders top        07/26/2023 09/01/2023 Apparel
HP Double Top, Eve and Eve        07/31/2023 09/14/2023 Petroleum (Producing)
HNI Rising wedge        09/01/2023 10/05/2023 Furn/Home Furnishings
HON Broadening bottom        08/18/2023 10/05/2023 Aerospace/Defense
INFN Head-and-shoulders top        08/15/2023 09/14/2023 Telecom. Equipment
LXU Triangle, descending        07/06/2023 10/05/2023 Building Materials
MGY Head-and-shoulders top        08/09/2023 09/27/2023 Petroleum (Producing)
MRO Triple top        09/05/2023 09/14/2023 Petroleum (Integrated)
MTDR Head-and-shoulders top        08/21/2023 09/27/2023 Petroleum (Producing)
MS Head-and-shoulders top        06/16/2023 09/19/2023 Securities Brokerage
MUR Broadening wedge, descending        09/05/2023 10/04/2023 Petroleum (Integrated)
NBR Head-and-shoulders top        09/05/2023 09/28/2023 Oilfield Svcs/Equipment
NFG Double Top, Adam and Eve        09/01/2023 09/19/2023 Natural Gas (Diversified)
JWN Double Bottom, Eve and Eve        09/13/2023 09/26/2023 Retail Store
OXY Head-and-shoulders top        09/05/2023 09/28/2023 Petroleum (Producing)
PDCO Pipe bottom        09/11/2023 09/18/2023 Medical Supplies
PTEN Double Top, Eve and Eve        07/27/2023 09/14/2023 Oilfield Svcs/Equipment
PNW Double Top, Eve and Eve        08/24/2023 09/20/2023 Electric Utility (West)
PEG Double Top, Eve and Eve        08/30/2023 09/15/2023 Electric Utility (East)
RJF Double Top, Eve and Eve        07/26/2023 09/14/2023 Securities Brokerage
SLB Double Top, Eve and Adam        09/12/2023 09/28/2023 Oilfield Svcs/Equipment
TRGP Double Top, Adam and Adam        09/01/2023 09/28/2023 Natural Gas (Diversified)
TDY Double Top, Eve and Adam        09/01/2023 09/20/2023 Aerospace/Defense
TDC Rectangle bottom        08/21/2023 10/05/2023 Computer Software and Svcs
RIG Flag, high and tight        12/07/2022 02/16/2023 Oilfield Svcs/Equipment
SLCA Double Top, Eve and Adam        09/14/2023 09/28/2023 Metals and Mining (Div.)
V Double Bottom, Adam and Eve        09/27/2023 10/03/2023 Financial Services
WPM Double Top, Adam and Adam        08/30/2023 09/20/2023 Metals and Mining (Div.)
XLK Head-and-shoulders top        06/16/2023 09/05/2023 IT Services

 

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Thursday 10/5/23. Intraday Market Direction: Nasdaq

The Nasdaq climbed by 1.4% or 176.54 points. Since 02/05/1971 the Nasdaq made 122 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.9% on 70 occasions.

     Average loss was -1.1% on 52 occasions.

Expect the Nasdaq to close higher 57.4% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the Nasdaq closing higher has been right 264/467 or 56.5% of the time.

     The prediction of the Nasdaq closing lower has been right 74/155 or 47.7% 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.

This is a busy chart, so lets start from the left. A right-angled and descending broadening chart pattern appears at E. Price breaks out downward and meets the measure rule target
(breakout price minus pattern height). I show that in blue.

There’s a head-and-shoulders bottom at SHS near the middle of the chart. This chart pattern resulted in a good gain, too, meeting or exceeding the measure rule target for the pattern.

At AB is a double top. If you expand the view to include C and D, we see a complex head-and-shoulders top. This one has two heads (AB) and two shoulders (CD).
It also met the measure rule target…barely.

Elliott wavers, of which I am NOT one, may say to expect an ABC correction (down, up, down move). That’s my interpretation of the move higher from the Tuesday’s low (5 segment motive wave). Extensions
can throw off the wave count, so what do I know?

$ $ $

Here’s a symbol list of 136 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, ADTN, AMD, AES, APD, ALB, ALKS, ALL, AYX, AME, AMN, AR, APA, ANET, BZH, BBY, BOOT, BRC, CACI, CALM, COR, CRL, CVX, CIEN, CNA, CTSH, CONN, COP, CCRN, DVN, DSGR, DOV, DRQ, BOOM, EMR, EOG, XOM, FDS, FICO, FNV, FCX, GPS, THG, HE, HAYN, HD, ITGR, INTC, IRM, JAZZ, KELYA, KEYS, KFRC, KSS, LHX, LH, LMT, L, MCHX, MDT, META, MUR, NTGR, NWL, NEE, NKE, NVDA, OXY, OLN, ON, PANW, PFE, PXD, RTX, RNG, ROL, ROP, R, SAND, SLB, SIGI, SMTC, TEVA, RIG, TG, SLCA, UGI, UIS, VLO, MDRX, WRB, IYC, IYE, IEZ, IAT, IGV, IXC, IXN, ILF, IEO, EWA, EWC, EEM, EIS, EWJ, EPP, EWS, EWP, PXJ, XLE, GLD, XLK, USO, MGK, VONG. Click this link for details (pattern type, start and end dates).

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

$ $ $

The following table shows where Fibonacci retrace values of the day’s high-low range are plus pivot points, calculated on the Nasdaq composite, sorted by value. When several are near each other (small differences),
the area might act as support or resistance.

— Thomas Bulkowski

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© 2023 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   12,263.14      
 Monthly S1   12,749.57   486.44   
 Weekly S2   12,774.23   24.66   
 Daily S2   13,002.84   228.61   
 Weekly S1   13,005.12   2.28   Yes! The Weekly S1 is close to the Daily S2.
 Low   13,072.51   67.39   
 Open   13,092.92   20.41   
 Daily S1   13,119.43   26.51   
 61.8% Down from Intraday High   13,143.66   24.23   
 50% Down from Intraday High   13,165.63   21.98   
 38.2% Down from Intraday High   13,187.61   21.98   
 Daily Pivot   13,189.09   1.48   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Weekly Pivot   13,194.05   4.96   Yes! The Weekly Pivot is close to the Daily Pivot.
 Close   13,236.01   41.96   
 High   13,258.76   22.75   
 Daily R1   13,305.68   46.92   
 Daily R2   13,375.34   69.67   
 Weekly R1   13,424.94   49.60   
 Monthly Pivot   13,449.60   24.66   
 Weekly R2   13,613.87   164.27   
 Monthly R1   13,936.03   322.16   
 Monthly R2   14,636.06   700.02   


Wednesday 10/4/23. 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.

We’re back to two bearish bars separated by neutral ones.

Notice at the bottom of the chart, the thin blue CPI line. It’s either at 0 or close to it. That’s bearish but it could also mean that the only direction to go is up.

In the past, the time spent at 0 is brief. That suggests this drop is near an end. Of course, that’s just a guess.

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, 48% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 43%.

The fewest was 26% on 07/31/2023.

And the most was 76% on 10/14/2022.

Shown as a blue line on the above chart…

The 522 stocks in my database are down an average of 22% from their yearly high.

A week ago, the average was 21%.

The peak was 14% on 07/31/2023.

And the bottom was 33% on 10/14/2022.

Both lines this week are worse off compared to a week ago. No surprise there. The lines are convergent, too, so they are saying, “Look out below!”

Based on underlying support, it looks as if the Dow could drop to 32,600 before rebounding. By that, I mean the 32,600 level is the next level of good support. It might not be enough to stop the tumble, though.
I still believe the drop is about over. I’m bullish and have been adding to existing positions.

$ $ $

Here’s a symbol list of 160 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, MMM, AXDX, ACIW, AMD, AES, ALB, ALKS, ALL, AMED, AMWD, APH, APA, ANET, AIZ, AGO, BAX, BECN, BZH, BERY, BBY, BSX, BRC, BBW, BLDR, CPB, COR, CDAY, CHKP, CIEN, CINF, CLNE, CNA, CNO, CTSH, CMTL, CONN, COTY, CCRN, DSGR, DOV, BOOM, EMR, FARO, FWRD, FCX, GME, GPS, GE, GPN, GS, GES, HLIT, HIG, HE, HD, ITGR, IRM, JAZZ, JBLU, KALU, KBH, KELYA, KFRC, KSS, LHX, LEN, MCHX, MAS, MDC, MDT, MRCY, MS, NEWR, NWL, NKE, NVDA, OLN, ON, OMI, PANW, PCTY, PEN, PETS, PNW, PFG, PHM, PSTG, RL, RGA, RNG, RHI, RCKY, SAND, SCHW, SMG, SEIC, SIGI, SUM, TEVA, TJX, TDG, RIG, TG, UGI, UIS, UNM, VLO, WEX, WPM, WWD, IYM, IAI, IYE, FXI, IYH, IAT, IEV, IXC, MXI, ILF, IEO, EWA, EWO, EWK, EWC, EEM, EWQ, EWG, EWH, EWI, EWJ, EPP, EWS, EZA, EWD, EWL, THD, TUR, EWU, PBE, PJP, XLE, XHB, VHT. Click this link for details (pattern type, start and end dates).

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

— Thomas Bulkowski

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Tuesday 10/3/23. Slider Trading Quiz!

The Dow dropped by -0.2% or -74.15 points. Since 10/01/1928 the Dow made 1249 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.6% on 624 occasions.

     Average loss was -0.7% on 625 occasions.

Expect the Dow to close lower 50.0% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the Dow closing higher has been right 271/495 or 54.7% of the time.

     The prediction of the Dow closing lower has been right 51/108 or 47.2% of the time.

$ $ $

I show another slider trading quiz featuring Three falling peaks.

$ $ $

Here’s a symbol list of 155 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, MMM, ANF, AXDX, ADTN, AFL, ALB, ALKS, AFG, APA, ACGL, ADP, AVY, AVA, BECN, BBY, BIIB, BFH, CACI, CPB, CNC, CNP, CIEN, CINF, CTAS, CNA, CNO, CMTL, CR, CRH, CSGS, CW, DHR, DVN, DOV, EXP, EME, EMR, EOG, FIS, FE, FORM, GE, GFS, GMS, GS, GFF, GES, HLIT, HE, HELE, DHI, HWM, IDA, ITGR, IBKR, TILE, IPG, NVTA, IRM, JAZZ, JNJ, KMT, KSS, LH, LANC, RAMP, MRO, MRTN, MAS, MDC, MDT, MRCY, MLKN, MS, MOS, MLI, MUR, MYGN, NBR, NEWR, NEE, OXY, ORI, OLN, ASGN, OR, OMI, PDCO, PEN, PNW, PXD, POR, PINC, DGX, RCKY, SAND, SLB, SMG, SEIC, SIGI, SKYW, SWX, SPLK, SXI, TDG, RIG, UIS, UNH, VMI, VMC, WPM, WMB, WSC, IYE, IYH, IAT, IXC, IXN, SLV, IGE, IEO, EWZ, EWJ, EWM, EWL, THD, TUR, EWU, PPA, PBE, PXJ, PJP, XLE, GLD, XLU, VHT, MGK. Click this link for details (pattern type, start and end dates).

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

$ $ $

The 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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© 2023 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   32,172.71      
 Monthly S1   32,803.03   630.32   
 Weekly S2   32,874.50   71.46   
 Daily S2   33,095.92   221.43   
 Weekly S1   33,153.92   58.00   
 Low   33,219.56   65.64   
 Daily S1   33,264.64   45.08   
 61.8% Down from Intraday High   33,331.24   66.60   
 50% Down from Intraday High   33,365.73   34.50   
 Daily Pivot   33,388.27   22.54   Yes! The Daily Pivot is close to the 50% Down from Intraday High.
 38.2% Down from Intraday High   33,400.23   11.96   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close   33,433.35   33.12   
 Open   33,455.50   22.15   Yes! The Open is close to the Close.
 High   33,511.91   56.41   
 Daily R1   33,556.99   45.08   
 Weekly Pivot   33,585.73   28.74   Yes! The Weekly Pivot is close to the Daily R1.
 Daily R2   33,680.63   94.90   
 Weekly R1   33,865.15   184.53   
 Monthly Pivot   33,936.62   71.47   
 Weekly R2   34,296.96   360.34   
 Monthly R1   34,566.94   269.98   
 Monthly R2   35,700.53   1,133.59   


Monday 10/2/23. Market Monday: The Week Ahead

Forecast

Here’s the updated 2023 forecast, presented in slider format.

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A Brief Look Back

The following is a brief review of how the markets performed over time. The numbers refer to the close-to-close move in the Dow industrials.

Monday: Up 43.04 points.

Tuesday: Down 388 points.

Wednesday: Down 68.61 points.

Thursday: Up 116.07 points.

Friday: Down 158.84 points.

For the Week…

The Dow industrials were down 456.34 points or 1.3%.

The Nasdaq composite was up 7.51 points or 0.1%.

The S&P 500 index was down 32.01 points or 0.7%.

Year to Date…

Dow Industrials

     6.1% down from the high of 35,679.13 on 08/01/2023.

     6.6% up from the low of 31,429.82 on 03/15/2023.

Nasdaq

     8.5% down from the high of 14,446.55 on 07/19/2023.

     28.8% up from the low of 10,265.04 on 01/06/2023.

S&P 500

     6.9% down from the high of 4,607.07 on 07/27/2023.

     13.0% up from the low of 3,794.33 on 01/03/2023.

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   33,117   33,312   33,603   33,798   34,089 
Weekly   32,899   33,203   33,610   33,915   34,322 
Monthly   32,197   32,852   33,961   34,616   35,725 
S&P500 (^GSPC): Daily   4,240   4,264   4,299   4,323   4,357 
Weekly   4,189   4,238   4,288   4,338   4,388 
Monthly   4,053   4,171   4,356   4,473   4,659 
Nasdaq (^IXIC): Daily   13,054   13,137   13,260   13,343   13,466 
Weekly   12,769   12,994   13,188   13,414   13,608 
Monthly   12,258   12,738   13,444   13,925   14,630 
  • 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 over.

Here’s a symbol list of 195 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ANF, AXDX, ACIW, AFL, APD, AA, ALKS, AYX, DOX, AEO, AXP, AME, AMAT, ACGL, AWI, ADP, AVY, AVA, BSET, BECN, BZH, BIG, BRC, BR, CACI, CAL, CLS, CX, CNP, CENX, CRL, CIEN, CTAS, CNO, CL, CONN, COTY, CR, CRH, CCRN, CMI, CW, DVN, DSGR, ^DJI, DOV, EXP, EBAY, EME, WIRE, EOG, EPAM, EL, FAST, FIS, FISV, FORM, FWRD, GME, GD, GE, GFS, GL, GMS, GS, GFF, HIG, HAYN, HTLD, HWM, HUBG, HUN, IIIN, PODD, ITGR, TILE, IPG, KMT, KLAC, LANC, LMT, MHO, MRO, MRTN, MU, MS, MLI, MYGN, NBR, ^IXIC, NTGR, NEWR, NEU, JWN, OXY, ORI, ASGN, OTEX, PATK, PDCO, PTEN, PCG, PNW, PXD, PINC, PSTG, QTWO, RMBS, RLI, ROP, SAND, SLB, SAIC, SIGI, NOW, SHOP, STR, SKYW, SMAR, SPLK, TFX, TER, TDG, TRV, UHAL, VFC, VMI, MDRX, V, VMC, WRB, WMT, WMB, WSC, IAI, IYC, IYE, IEZ, IHE, DDM, FTEC, QQQ, IYH, IHF, IAT, IEV, IXC, IXN, ILF, SLV, IGE, IEO, IYF, EWO, EWK, EWZ, EWG, EWH, EWI, EWM, EPP, EZA, EWY, EWU, QLD, IBB, PPA, PXJ, PJP, ROBO, XLY, XLP, XLF, XLV, XLI, XLK, VHT, VIS, MGK. Click this link for details (pattern type, start and end dates).

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

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

This Week Last Week
1. Homebuilding 1. Homebuilding
2. Internet 2. Oilfield Svcs/Equipment
3. E-Commerce 3. Insurance (Life)
4. Cement and Aggregates 4. Petroleum (Producing)
5. Petroleum (Producing) 5. Cement and Aggregates
6. Computer Software and Svcs 6. Internet
7. Oilfield Svcs/Equipment 7. E-Commerce
8. Trucking/Transp. Leasing 8. Computer Software and Svcs
9. Semiconductor Cap Equip. 9. Insurance (Diversified)
10. Insurance (Life) 10. Building Materials
Best Performing Above Worst Performing Below
50. Chemical (Diversified) 50. Human Resources
51. Advertising 51. Precision Instrument
52. Securities Brokerage 52. Advertising
53. Metal Fabricating 53. Electric Utility (West)
54. Electric Utility (Central) 54. Securities Brokerage
55. Electric Utility (East) 55. Metal Fabricating
56. Medical Supplies 56. Food Processing
57. Food Processing 57. Medical Supplies
58. Electric Utility (West) 58. Short ETFs
59. Telecom. Equipment 59. Telecom. Equipment
60. Toiletries/Cosmetics 60. Toiletries/Cosmetics

— Thomas Bulkowski

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