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Trading Quiz Tuesday…

Blog: January 2021

Bulkowski's Blog: ThePatternSite.com

As of 01/07/2021

  Indus: 31,041 +211.73 +0.7%  

  Trans: 12,811 +105.07 +0.8%  

  Utils: 844 -13.55 -1.6%  

  Nasdaq: 13,067 +326.69 +2.6%  

  S&P 500: 3,804 +55.65 +1.5%  

YTD

 +1.4%  

 +2.4%  

-2.4%  

 +1.4%  

 +1.3%  

  Up arrow32,000 or 29,000 by 01/15/2021
  Down arrow11,900 or 13,000 by 01/15/2021
  Up arrow880 or 825 by 01/15/2021
  Down arrow12,400 or 13,200 by 01/15/2021
  Up arrow3,850 or 3,600 by 01/15/2021

As of 01/07/2021

  Indus: 31,041 +211.73 +0.7%  

  Trans: 12,811 +105.07 +0.8%  

  Utils: 844 -13.55 -1.6%  

  Nasdaq: 13,067 +326.69 +2.6%  

  S&P 500: 3,804 +55.65 +1.5%  

YTD

 +1.4%  

 +2.4%  

-2.4%  

 +1.4%  

 +1.3%  

  Up arrow32,000 or 29,000 by 01/15/2021
  Down arrow11,900 or 13,000 by 01/15/2021
  Up arrow880 or 825 by 01/15/2021
  Down arrow12,400 or 13,200 by 01/15/2021
  Up arrow3,850 or 3,600 by 01/15/2021

 


Friday 1/8/21. Pattern Trading Setups for the Weekend.

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Here’s a symbol list of 154 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, MMM, ANF, ADBE, ADTN, AMD, ATSG, AKAM, ALRM, ALB, AYX, AEE, AEP, AEL, APA, AMAT, AGO, ATO, AVY, BLL, BERY, BIO, BKH, BBW, CDNS, CLS, CNP, CLNE, CLX, CNO, CAG, CLGX, CREE, CRH, DHR, DFS, ^DJU, D, DRQ, DTE, DUK, EXP, WIRE, EOG, EQT, RE, EZPW, FDX, FE, FIVN, FMC, FCX, FDP, GD, GOOGL, GPRO, HBI, HLIT, HTLD, DHI, JBHT, IDXX, INFN, IIIN, INTC, IPAR, K, LB, LRCX, MGEE, MLHR, MOS, NCR, NFLX, NEU, NI, NVDA, PANW, PAYX, PICO, PNW, PPL, PINC, PGR, RL, REV, RES, SRE, SKX, SCCO, SWX, SWN, SCS, SSYS, SUM, TDOC, TXT, TKR, RIG, UGI, UPS, VEEV, VRSN, IYM, IAI, IYK, IYC, IYE, IEZ, IHE, IDU, DDM, ICF, IYH, IHF, IAT, IGV, IYF, EWO, EIS, EWY, EWT, QLD, PXJ, ROBO, IEV, IXC, IXN, SSO, MXI, XLP, XLE, XLF, GLD, XLB, 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.

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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.

There were 41 patterns found this week (excluding pipe bottoms; pipe tops and bottoms are found looking back 2 weeks) out of 578 stocks searched, or 7.1%. 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 21 bullish chart patterns this week and 5 bearish ones with any remaining (17) 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
ACIW Double Bottom, Adam and Adam        12/21/2020 01/04/2021 IT Services
ALB Flag, high and tight        11/05/2020 01/07/2021 Chemical (Diversified)
AEL Triple bottom        12/11/2020 01/04/2021 Insurance (Life)
AMWD Triangle, symmetrical        10/28/2020 01/05/2021 Building Materials
ANTM Head-and-shoulders bottom        11/20/2020 01/06/2021 Medical Services
AAPL Cup with handle        09/02/2020 01/07/2021 Computers and Peripherals
AMAT Scallop, ascending        12/15/2020 01/07/2021 Semiconductor Cap Equip.
ADSK Broadening top        12/18/2020 01/06/2021 Computer Software and Svcs
BBY Double Bottom, Eve and Eve        12/10/2020 01/04/2021 Retail (Special Lines)
CAL Flag, high and tight        10/30/2020 01/07/2021 Shoe
CF Scallop, ascending        12/14/2020 01/07/2021 Chemical (Basic)
CMCO Double Bottom, Adam and Eve        12/23/2020 01/04/2021 Machinery
GLW Double Bottom, Adam and Adam        12/21/2020 01/04/2021 Telecom. Equipment
CREE Flag, high and tight        11/10/2020 01/07/2021 Semiconductor
DHR Rectangle bottom        11/30/2020 01/04/2021 Precision Instrument
FFG Broadening top, right-angled and descending        12/04/2020 01/05/2021 Insurance (Life)
FISV Double Bottom, Eve and Adam        12/23/2020 01/04/2021 IT Services
FDP Double Bottom, Adam and Adam        12/22/2020 01/04/2021 Food Processing
FRD Triangle, symmetrical        12/04/2020 01/05/2021 Building Materials
GNW Dead-cat bounce        12/31/2020 01/04/2021 Insurance (Life)
GES Flag, high and tight        10/30/2020 01/07/2021 Apparel
IEX Triangle, ascending        11/18/2020 01/05/2021 Machinery
KELYA Double Bottom, Adam and Adam        12/21/2020 01/04/2021 Human Resources
KMT Scallop, ascending and inverted        11/04/2020 01/04/2021 Metal Fabricating
KBAL Broadening top, right-angled and ascending        12/09/2020 01/06/2021 Furn/Home Furnishings
MLHR Scallop, descending        12/16/2020 01/06/2021 Furn/Home Furnishings
NVDA Rectangle top        11/10/2020 01/07/2021 Semiconductor
OMC Double Bottom, Adam and Adam        12/21/2020 01/04/2021 Advertising
OUT Rectangle top        11/24/2020 01/07/2021 Advertising
PANW Pipe top        12/28/2020 12/28/2020 Computer Software and Svcs
RGA Double Bottom, Eve and Eve        12/21/2020 01/04/2021 Insurance (Life)
RHI Double Bottom, Adam and Adam        12/21/2020 01/04/2021 Human Resources
RES Pipe bottom        12/21/2020 12/28/2020 Oilfield Svcs/Equipment
SLB Scallop, ascending        12/17/2020 01/07/2021 Oilfield Svcs/Equipment
LUV Double Bottom, Adam and Adam        12/21/2020 01/04/2021 Air Transport
SCS Diamond top        12/04/2020 01/07/2021 Furn/Home Furnishings
SSYS Flag, high and tight        11/05/2020 01/07/2021 Electronics
SUM Scallop, ascending        12/04/2020 01/06/2021 Cement and Aggregates
SNPS Broadening top        12/22/2020 01/06/2021 Computer Software and Svcs
TGT Scallop, ascending        12/01/2020 01/07/2021 Retail Store
TPX Scallop, ascending and inverted        12/10/2020 01/04/2021 Furn/Home Furnishings
TXT Triangle, ascending        11/24/2020 01/07/2021 Diversified Co.
RIG Pipe bottom        12/21/2020 12/28/2020 Oilfield Svcs/Equipment

 

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Thursday 1/7/21. Intraday Market Direction: Nasdaq

The index dropped by -0.6% or -78.17 points. Since 02/05/1971 the index made 319 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.9% on 143 occasions.

     Average loss was -1.0% on 176 occasions.

Expect the index to close lower 55.2% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 206/364 or 56.6% of the time.

     The prediction of the index closing lower has been right 57/118 or 48.3% 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.

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

I took a break from doing nothing to go downstairs just after 2 PM EST and turned on the TV. There I saw what was happening in the capital. Notice that just after 2:00 (red line A) the composite
started to drop. I was wondering how the market would react to the news. The Dow industrials dropped about the same time, too.

Notice how the composite has bottomed at the blue line. That’s trendline support, but for it to be real, the composite has to turn upward here. I suspect that we’ll see the markets rebound
on Thursday. That goes against the above probabilities where 55% of the time the composite closes lower.

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Here’s a symbol list of 226 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
DDD, AYI, ADBE, ATSG, ALB, AA, ADS, AEO, AEP, AEL, AXP, AFG, AMGN, ANTM, AMAT, ATR, ARCB, ACGL, ASH, AGO, AVA, BCPC, BSET, BECN, BERY, BBY, BIO, BMRN, BKH, BOOT, BRC, BBW, BG, CBT, COG, CALM, CAL, CE, CLS, CX, CNC, CENX, CHS, CLNE, CLF, CLX, CNA, CGNX, CONN, CR, CRH, CROX, CTS, CW, DHR, DECK, DFS, DRQ, BOOM, EXP, EIX, WIRE, EOG, EQT, RE, EXPD, XOM, EZPW, FB, FISV, FCX, FDP, IT, GD, GE, GILD, GL, GPRO, GGG, HBI, THG, HLIT, HSC, HIG, HAYN, HTLD, HSIC, HSY, HD, JBHT, INFN, INOV, IIIN, IPAR, IBKR, IVC, KBAL, LB, LZB, LANC, LDOS, LNC, RAMP, L, LOW, MHO, M, MAN, MCHX, MLM, MTRN, MDC, MLHR, MS, MOS, MLI, MUR, CNR, NJR, NWL, NEU, NEE, JWN, NWPX, OGE, OLN, OUT, PANW, PKE, PATK, PRFT, PICO, POL, PINC, PFG, PRU, PHM, KWR, RL, RMBS, RHI, ROK, ROG, ROST, RES, SCHW, SEE, SEIC, SHW, SWX, SXI, SUM, TKR, TOL, RIG, UNM, VMI, VEEV, VC, VMC, WMT, WSO, WERN, WU, WLK, WSM, XEL, ZBRA, IYM, IAI, IYK, IYE, ITB, IHE, IDU, ICF, IHF, IAT, IGV, IYF, EWO, EWK, EWI, EWP, TUR, EWU, PBE, PEJ, PXJ, PHO, IEV, MXI, XLE, XLF, XHB, XLB, 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.

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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

Top

© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   11,634.26      
 Monthly S1   12,187.52   553.27   
 Daily S2   12,507.16   319.64   
 Monthly Pivot   12,580.43   73.26   
 Daily S1   12,623.98   43.55   
 Low   12,649.99   26.01   
 Open   12,666.15   16.16   Yes! The Open is close to the Low.
 Weekly S2   12,693.02   26.87   
 Weekly S1   12,716.90   23.89   Yes! The Weekly S1 is close to the Weekly S2.
 Close   12,740.79   23.89   Yes! The Close is close to the Weekly S1.
 61.8% Down from Intraday High   12,749.17   8.38   Yes! The 61.8% Down from Intraday High is close to the Close.
 Daily Pivot   12,766.80   17.63   Yes! The Daily Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High   12,779.81   13.01   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High   12,810.45   30.64   
 Weekly Pivot   12,845.12   34.67   
 Weekly R1   12,869.00   23.89   Yes! The Weekly R1 is close to the Weekly Pivot.
 Daily R1   12,883.62   14.61   Yes! The Daily R1 is close to the Weekly R1.
 High   12,909.63   26.01   
 Weekly R2   12,997.22   87.59   
 Daily R2   13,026.44   29.23   
 Monthly R1   13,133.69   107.25   
 Monthly R2   13,526.60   392.90   


Wednesday 1/6/21. Indicators: Bulls are Back

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 indicator shot up today (Tuesday), climbing along with the market. Any bearish signals during the past week have been erased by an indicator which can make up its mind for a week.

So we remain bullish as the vertical green line on the right of the chart (November) shows.

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, 29% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 27%.

The fewest was 19% on 01/16/2020.

And the most was 97% on 03/23/2020.

Shown as a blue line on the above chart…

The 470 stocks in my database are down an average of 14% from their yearly high.

A week ago, the average was 14%.

The peak was 11% on 01/16/2020.

And the bottom was 47% on 03/23/2020.

The red line turned bearish compared to a week ago, but the blue line didn’t budge. Both lines are about flat over the last month. The red line turning bearish doesn’t concern me
that much. As you look at the chart, notice that it’s been wobbling up and down recently. So maybe next week it’ll be up.

What’s it all mean? The CPI chart is bullish. This chart is neutral. So that favors a continuation of the upward trend, I believe.

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Here’s a symbol list of 125 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, ANF, AYI, AJRD, AES, ATSG, AEO, AMN, APOG, BCPC, BERY, BKH, BOOT, EPAY, BBW, BG, CBT, CACI, CINF, CLNE, CLF, CLX, COP, CLR, CLGX, CROX, CTS, DECK, D, EXP, EIX, EOG, RE, XOM, FOE, FLIR, FCX, FRD, GL, GS, GPRO, GGG, GFF, HE, ILMN, INCY, INTC, IVC, JNJ, LXU, MCHX, MA, MDC, MGEE, MCO, MS, MUR, MYGN, NBR, NJR, NWL, NEU, NXGN, JWN, OXY, OLN, PANW, PKE, PTEN, PRFT, PHM, KWR, RMBS, ROG, RES, SMG, SRE, SHW, SCCO, SWN, SXI, SUM, TEVA, RIG, TRV, TZOO, VMI, VEEV, VRTX, V, WRB, WLK, WWW, ITA, IYM, IYE, IDU, FDN, ICF, IYH, IHF, SOXX, EWH, EWW, EWY, EWT, THD, IXC, XLB, XLU, UNG, USO, 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.

— Thomas Bulkowski

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Tuesday 1/5/21. Slider Trading Quiz!

The index dropped by -1.3% or -382.59 points. Since 10/01/1928 the index made 214 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 1.0% on 111 occasions.

     Average loss was -0.9% on 103 occasions.

Expect the index to close higher 51.9% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 218/379 or 57.5% of the time.

     The prediction of the index closing lower has been right 41/85 or 48.2% of the time.

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I show another slider trading quiz featuring Michaels Stores: MIK (actual trade).

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Here’s a symbol list of 298 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
MMM, AYI, ADBE, AJRD, AFL, APD, ALB, ADS, AYX, AEO, AEL, AXP, AFG, ABC, AMGN, APH, ANIK, ARCB, ACGL, AGO, AVY, AVA, AXS, BSET, BERY, BIO, BIIB, BMRN, BKH, BA, BKNG, BOOT, BAH, EPAY, BRC, CBT, CACI, CALM, CAL, CE, CLS, CNP, CHS, CIEN, CINF, CTXS, CLF, CNA, CNO, CTSH, CL, CMTL, ED, CAG, COP, CLGX, GLW, COTY, CR, CRH, CROX, CCK, CTS, CMI, CW, DDS, ^DJU, ^DJT, ^DJI, DTE, DUK, EBAY, EIX, EMR, EIGI, EOG, EFX, RE, EXC, EXPD, XOM, EZPW, FB, FDX, FE, FLIR, FLS, FMC, FWRD, FDP, GPS, GD, GE, GNW, GILD, GL, GOOGL, GGG, THG, HLIT, HSC, HE, HAYN, HQY, HTLD, HSY, HNI, HD, HON, HUBG, IDA, IDXX, ITW, INCY, NSP, ITGR, IPAR, TILE, ISRG, IVC, JCOM, KALU, KMT, LB, LHX, LH, LAMR, LAWS, LEN, LLY, LNC, LMT, MHO, M, MANH, MRTN, MLM, MAS, MA, MTRN, MTRX, MDC, MGEE, MSFT, MLHR, MCO, MLI, ^IXIC, NCR, NTAP, NJR, NWL, NEE, NXGN, NWPX, ASGN, OUT, PKG, PKE, PDCO, PAYX, PYPL, PRFT, PCG, POL, PPG, PFG, PG, PRU, PEG, KWR, QCOM, DGX, RL, RGA, RLI, RHI, ROK, RCKY, ROG, ^GSPC, CRM, SAIC, SIGI, NOW, SHW, SLGN, SO, SCCO, SWX, SR, SXI, SCS, SNPS, TPR, TPX, TDC, TXN, TOL, TRV, TZOO, TG, SLCA, UPS, UNM, VMI, VRSN, VRTX, V, WRB, WAT, WERN, WU, WEX, WWW, WDAY, ZBRA, IYM, IYK, IYC, ITB, IHI, IDU, DDM, FXL, ICF, SOXX, SLV, IYF, EWA, EWK, ECH, EWQ, EWG, EWH, EWI, EPP, EWS, EZA, EWY, EWP, EWD, EWT, THD, QLD, PPA, PEJ, QQQ, PHO, IEV, SSO, MXI, XLY, XLP, XLF, GLD, XHB, XLI, XLB, SPY, XLK, XLU, 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 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   28,934.50      
 Daily S2   29,467.54   533.03   
 Monthly S1   29,579.20   111.66   
 Daily S1   29,845.71   266.52   
 Low   29,881.82   36.11   Yes! The Low is close to the Daily S1.
 Weekly S2   30,015.30   133.48   
 Monthly Pivot   30,108.33   93.03   
 Weekly S1   30,119.60   11.26   Yes! The Weekly S1 is close to the Monthly Pivot.
 61.8% Down from Intraday High   30,184.54   64.94   Yes! The 61.8% Down from Intraday High is close to the Weekly S1.
 Close   30,223.89   39.35   Yes! The Close is close to the 61.8% Down from Intraday High.
 Daily Pivot   30,260.00   36.11   Yes! The Daily Pivot is close to the Close.
 50% Down from Intraday High   30,278.05   18.05   Yes! The 50% Down from Intraday High is close to the Daily Pivot.
 38.2% Down from Intraday High   30,371.56   93.51   
 Weekly Pivot   30,378.53   6.97   Yes! The Weekly Pivot is close to the 38.2% Down from Intraday High.
 Weekly R1   30,482.83   104.29   
 Open   30,627.47   144.64   
 Daily R1   30,638.17   10.70   Yes! The Daily R1 is close to the Open.
 High   30,674.28   36.11   Yes! The High is close to the Daily R1.
 Weekly R2   30,741.76   67.48   Yes! The Weekly R2 is close to the High.
 Monthly R1   30,753.03   11.26   Yes! The Monthly R1 is close to the Weekly R2.
 Daily R2   31,052.46   299.43   
 Monthly R2   31,282.16   229.71   


Monday 1/4/20. Year-end Review and Forecast to 2024

Here’s the 2021 market performance review and forecast for the years 2021 to 2031, presented in a slider format.
Keep in mind that the forecast is rarely accurate but some years it does well. To look at prior predictions, click this link. I’ll update the charts there shortly.

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I don’t discuss my portfolio nor the securities I own because I don’t want to be accused of promoting them. However, I’m going to make an exception because some of what I have to
say may help you trade or invest better. That’s especially true if you’re an old-timer (retired).

An article in the September 2005 issue of Active Trader magazine discussed an accounting firm that handled the tax returns for over 1,000 stock traders. In 2004, 36% of the
traders showed a profit and just 4% made over $50,000. If you struggled to make money this year, or struggled to beat the averages, then you’re not alone.

Back in the 2008 bear market, the Dow industrials, Nasdaq, and S&P 500 lost between 34% and 42%. I beat them but still lost 15%. That bear market taught me that I needed to diversify more.

As of 12/31/2020, I own 23 securities, split between 6 exchange traded funds and 17 stocks. You need only 8 stocks for good diversification, but I don’t mind running my own mutual fund.
If figure if Fidelity Magellan can hold 75 issues, I can own 30.

Toward the end of each year I focus on positioning the portfolio for the coming year (but my computer program evaluates my holdings against the S&P 500 index daily and I
make changes periodically).
I’m looking to reduce my holdings of under-performing securities and adding to existing ones or
buying new stocks/ETFs. Sixty-five percent of the issues I own are beating the performance of the S&P 500 over the last 6 months. I keep track of that because my goal is to beat the market.

In 2018, I decided to take the tax hit and started selling my high profit but slow growers. I sold several utility stocks, for example. Right now, I own Evergy (EVRG) which pays a 10% dividend.
If you look up the stock on Yahoo, you’ll see the it has a dividend rate of just below 4%. How can I make 10% when it pays only 4%? Because I bought the stock just 4 days
after it bottomed in the 2009 bear market for $11.58 (pre-merger) and the dividend has increased over the years. The stock is selling at $55 now. So not only do I own a high dividend paying stock, but I can bask in the capital gains, too.

A 10% return helps pay for living expenses and it beats what banks and money market funds pay on their holdings. Plus there’s the possibility of capital gains (or losses).

Compare that return to IGV, “iShares Expanded Tech-Software Sector ETF.” I own that, too. In 2020, it made 51.9% and that’s without counting dividends. EVRG dropped almost 13% in 2020 (including
dividends). Do I hold a stock with a 10% (almost) guaranteed payout plus capital gains/losses or buy something like IGV and hope for another big gain? The answer to that is yours (and mine).

Back to IGV. Look at that ETF on the weekly or monthly scale and you’ll see that it has been trending higher since near the end of the bear market in early 2008-2009. Back then it was trading
below $26. Today, the fund sells for $354. That’s a huge long-term gain (I love the steady upward trend) and with a one-year gain of 52%, why should I be an active trader? Why not just buy and hold
IGV and use dividends from EVRG to pay for living expenses? I can live life, do what I want, and collect my paycheck without worrying about selling by day’s end (as in day trading).

Of course, it’s not that easy, is it? Look at IGV from 2001 to 2009. The thing went almost nowhere. If I saw it lying on the side of the road, I’d want to give it CPR.

As the market rises to nose-bleed levels, I steer my buying toward ETFs to avoid single-stock exposure. In other words, a stock can drop 66% overnight because of an earnings miss or
some financial shenanigans, but you likely won’t see that happen in most (long, non-leveraged) ETFs. When the markets are cheaper, or if they dip, then I jump in and buy selective stocks I’ve been watching.

I’ve been itching to sell some of my holdings to rebalance my portfolio, but it worries me if the predictions for this year turn out to be true: It’s going to be a tough year to
make money. But with the COVID-19 recovery on the way, who knows? I’m hoping the markets and the world economies will surprise and make a good comeback. I hope to be positioned to
grab my share of the winnings.

Let me be clear. I’m not suggesting or hoping you’ll buy EVRG or IGV. Rather, they could drop this year. Do your own research and find securities that
work for you and boost the performance of your portfolio.

$ $ $

Here’s a symbol list of 97 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, ANF, AXDX, AYI, AMZN, AMED, AEO, AIG, ADM, ADSK, AVA, BSET, BAX, BBBY, BBY, BIO, BKH, BRC, BRKS, CBT, CHS, CIEN, CMCO, CLR, CLGX, CSGS, D, DRQ, DTE, EOG, RE, EXPD, XOM, EZPW, FMC, FDP, IT, GPN, GES, HSY, DHI, IDXX, INTC, IPI, IVC, NVTA, K, KLIC, LAWS, LXU, M, MA, MTRX, MDC, MOS, CNR, NEE, PDCO, PRFT, RGS, RCKY, ROG, SAIA, SUM, TPX, TXN, TMO, TOL, RIG, VRTX, WERN, WMB, WWW, IHI, IHE, DDM, BOTZ, IHF, EWC, EWH, EWW, EWL, EWT, THD, DBA, ILF, SSO, XLB, SPY. 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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Friday 1/1/21. Holiday Site Support

Picture of a lizard

Friday is a trading holiday in the US.

If you wish to support the website, then try one of these options.

  1. Perhaps the best way is come to this site and click on an image of one of my books. You’ll find the images at the bottom of the page. The click will take
    you to
    Amazon.com.
    The link passes a code to them and I receive a small referral fee but only if you buy something while there during the visit. You do NOT need to buy the book. It’s just a vehicle to get you to Amazon
    with the referral code.

    So each time you want to use Amazon.com to buy something, come to this site first. The referral is free (it does not increase the cost of anything you buy), it’s easy to do, and it supports this site.

  2. You can click on an ad. Please don’t click on them just to run up the score. Google frowns on that. If you see something of interest, then click the ad and visit their site.
    Ad sales are where most of the financial support for the site comes from. Some of you may have to turn off your ad blocker to see the ads.
  3.  

  4. Finally, you can donate to the site directly. The home page (and some other pages as well) has a Donate link at the bottom of the page. For a limited time and
    while supplies last, I’ll throw in a free book to those with addresses in the US who donate $100 or more. See the donate page for details.

Thanks! — Tom Bulkowski

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Blog: October 2020 As of 10/06/2020   Indus: 27,773 -375.88 -1.3%     Trans: 11,399 -82.95 -0.7%     Utils: 851 +6.32 +0.7%   ...

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