As of 06/06/2022 Indus: 32,916 +16.08 +0.0% Trans: 14,555 +109.77 +0.8% Utils: 1,023 +2.29 +0.2% Nasdaq: 12,061 +48.64 +0.4% S&P 500: 4,121 +12.89 +0.3% |
YTD -9.4% -11.7% +4.3% -22.9% -13.5% |
34,800 or 31,600 by 06/15/2022
15,300 or 13,400 by 06/15/2022
1,050 or 970 by 06/15/2022
12,800 or 11,000 by 06/15/2022
4,375 or 3,900 by 06/15/2022
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As of 06/06/2022 Indus: 32,916 +16.08 +0.0% Trans: 14,555 +109.77 +0.8% Utils: 1,023 +2.29 +0.2% Nasdaq: 12,061 +48.64 +0.4% S&P 500: 4,121 +12.89 +0.3% |
YTD -9.4% -11.7% +4.3% -22.9% -13.5% |
|
34,800 or 31,600 by 06/15/2022
15,300 or 13,400 by 06/15/2022
1,050 or 970 by 06/15/2022
12,800 or 11,000 by 06/15/2022
4,375 or 3,900 by 06/15/2022
|
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Tuesday 6/7/22. Slider Trading Quiz!
Average gain was 0.6% on 724 occasions.
Average loss was -0.6% on 623 occasions.
Expect the Dow to close higher 53.7% of the time.
Weekly, since inception on 6/14/2011:
The prediction of the Dow closing higher has been right 247/439 or 56.3% of the time.
The prediction of the Dow closing lower has been right 47/97 or 48.5% of the time.
$ $ $
I show another slider trading quiz featuring SJW (symbol: SJW) stock.
$ $ $
Here’s a symbol list of 118 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AMD, AES, APD, ALK, AYX, AMZN, AIG, ATR, ARCB, AWI, AGO, ADSK, AVY, BSET, BZH, BBY, BIIB, BAH, BLDR, CACI, CALM, CE, CRL, CHS, CHD, CAG, GLW, COST, CCK, CSGS, DDS, DSGR, ^DJT, BOOM, EXP, EBAY, WIRE, EFX, EXPD, FFIV, FLEX, FDP, GME, GNW, GOOGL, GPRO, HQY, DHI, HOV, JBHT, NSP, IVC, JAZZ, KBH, LZB, LMT, LOW, MHO, M, MCHX, MDC, MLKN, MLI, NTAP, NJR, NWL, NEE, JWN, NOC, OMCL, PKG, PATK, KWR, RGA, ROK, ROG, ROST, SAIA, SAIC, SMG, SMTC, SWX, TOL, TSCO, TZOO, TG, UPS, VRTX, WSM, WWW, IYC, FXI, EWZ, EWH, EWI, EWP, IBB, DBA, PBE, PEJ, PXJ, PJP, PHO, ILF, XLY, XRT, UNG, 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.
$ $ $
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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 29,074.45 | ||
Monthly S1 | 30,995.11 | 1,920.67 | |
Weekly S2 | 32,136.27 | 1,141.16 | |
Weekly S1 | 32,526.03 | 389.75 | |
Monthly Pivot | 32,556.43 | 30.40 | Yes! The Monthly Pivot is close to the Weekly S1. |
Daily S2 | 32,574.35 | 17.92 | Yes! The Daily S2 is close to the Monthly Pivot. |
Daily S1 | 32,745.06 | 170.71 | |
Low | 32,819.50 | 74.44 | |
Weekly Pivot | 32,899.18 | 79.68 | |
Close | 32,915.78 | 16.60 | Yes! The Close is close to the Weekly Pivot. |
61.8% Down from Intraday High | 32,978.36 | 62.58 | |
Daily Pivot | 32,990.21 | 11.85 | Yes! The Daily Pivot is close to the 61.8% Down from Intraday High. |
50% Down from Intraday High | 33,027.43 | 37.22 | Yes! The 50% Down from Intraday High is close to the Daily Pivot. |
Open | 33,032.04 | 4.61 | Yes! The Open is close to the 50% Down from Intraday High. |
38.2% Down from Intraday High | 33,076.51 | 44.47 | |
Daily R1 | 33,160.93 | 84.43 | |
High | 33,235.37 | 74.44 | |
Weekly R1 | 33,288.94 | 53.57 | |
Daily R2 | 33,406.09 | 117.15 | |
Weekly R2 | 33,662.09 | 256.01 | |
Monthly R1 | 34,477.09 | 815.00 | |
Monthly R2 | 36,038.41 | 1,561.31 |
Monday 6/6/22. Market Monday: The Week Ahead
My Prediction
At ABC, the index formed a triple bottom. The index confirmed the pattern as a valid one when it closed above the red line D. Price coasted up to G before dropping.
If you measure the height of the pattern from C (lowest bottom) to D and add it to D, it falls short of the expected target at G.
At EF, a double bottom appears and confirmed when price gapped up on the way to H.
Will the index continue higher this week?
My guess? Yes, it will. The knot it just formed should pose a support/resistance area should price return to it. Of course, the index is still within
the knot now. I’m expecting it to soar out of the knot this week.
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.
Tuesday: Down 222.84 points.
Wednesday: Down 176.89 points.
Thursday: Up 435.05 points.
Friday: Down 348.58 points.
Saturday: Holiday or other weird event!
For the Week…
The Dow industrials were down 313.26 points or 0.9%.
The Nasdaq composite was down 118.4 points or 1.0%.
The S&P 500 index was down 49.7 points or 1.2%.
Year to Date…
Dow Industrials
11.0% down from the high of 36,952.65 on 01/05/2022.
7.4% up from the low of 30,635.76 on 05/20/2022.
Nasdaq
24.2% down from the high of 15,852.14 on 01/04/2022.
8.9% up from the low of 11,035.69 on 05/20/2022.
S&P 500
14.7% down from the high of 4,818.62 on 01/04/2022.
7.8% up from the low of 3,810.32 on 05/20/2022.
Options Expiration
No options expire this week.
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 | 32,662 | 32,781 | 32,958 | 33,077 | 33,255 |
Weekly | 32,131 | 32,515 | 32,894 | 33,278 | 33,657 |
Monthly | 29,069 | 30,984 | 32,551 | 34,466 | 36,033 |
S&P500 (^GSPC): Daily | 4,073 | 4,091 | 4,117 | 4,135 | 4,161 |
Weekly | 4,016 | 4,062 | 4,120 | 4,166 | 4,224 |
Monthly | 3,578 | 3,843 | 4,076 | 4,341 | 4,573 |
Nasdaq (^IXIC): Daily | 11,848 | 11,930 | 12,049 | 12,131 | 12,250 |
Weekly | 11,659 | 11,836 | 12,078 | 12,255 | 12,497 |
Monthly | 10,062 | 11,037 | 12,011 | 12,987 | 13,960 |
- 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
Earnings, Chart Patterns & Industries
Earnings season is over.
Here’s a symbol list of 85 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, APD, AKAM, ALK, AMZN, AIG, ANIK, ATR, ARCB, ACGL, ADSK, AVY, BSET, BZH, BBY, BLDR, CALM, CRL, CHS, CNO, GLW, COST, DDS, ^DJT, EBAY, EXPD, FFIV, FIS, FORM, FDP, GOOGL, GPRO, HSC, DHI, HOV, JBHT, INFN, NSP, IVC, JAZZ, KBH, LZB, LDOS, LOW, MHO, M, MNDT, MCHX, MDC, MDT, NTAP, NWL, NXGN, JWN, NOC, PKG, KWR, ROST, SAIA, SMG, TOL, TSCO, TZOO, WSM, ZBRA, IYC, IHI, ECH, EWM, PEJ, PXJ, XLY, 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.
The below industries were the best (rank 1) or worst performing of those I follow.
|
— Thomas Bulkowski
Friday 6/3/22. Pattern Trading Setups for the Weekend.
$ $ $
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:
MMM, ADBE, AEIS, AMD, AFL, APD, ALRM, ALK, ALL, AYX, AMZN, AFG, AIG, AMGN, AON, AAPL, ATR, ARCB, ACGL, AGO, ADSK, AVY, AVA, AXS, BCPC, BSET, BAX, BZH, BBY, BIO, BOOT, BRC, BLDR, CDNS, CALM, CENX, CRL, CHS, CIEN, CLNE, CNO, CONN, GLW, COST, CROX, XRAY, DDS, ^DJT, ^DJI, EBAY, EVH, EXPD, FFIV, FICO, FIS, FCX, FDP, GME, GOOGL, GPRO, HLIT, HQY, HON, DHI, HOV, JBHT, NSP, IPAR, IVC, JAZZ, JNJ, KBH, KFRC, KLAC, LZB, RAMP, LOW, MHO, M, MNDT, MANH, MDC, FB, MU, ^IXIC, NFLX, NTAP, NJR, NWL, JWN, NUS, NVDA, ORI, ASGN, OTEX, PKG, PANW, PYPL, KWR, RNG, ROG, ROST, ^GSPC, SAIA, CRM, SMG, NOW, SCCO, SNPS, TDOC, TER, TMO, TOL, TSCO, TZOO, VEEV, WU, WSM, WWW, ZBRA, IYC, FTEC, FDN, QTEC, FXL, QQQ, IAT, IGV, SOXX, SLV, EWK, EWC, ECH, EWQ, EWG, EIS, QLD, PEJ, IXN, SSO, XLY, GLD, XLB, XRT, SPY, XLK, UNG, 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.
$ $ $
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
Symbol | Chart Pattern | Bullish Bearish |
Start | End | Industry |
DDD | Ugly double bottom | 05/12/2022 | 05/25/2022 | Electronics | |
ACIW | Triple bottom | 05/12/2022 | 05/24/2022 | IT Services | |
ADTN | Triangle, symmetrical | 05/05/2022 | 05/24/2022 | Telecom. Equipment | |
AEIS | Double Bottom, Eve and Eve | 05/10/2022 | 05/24/2022 | Semiconductor | |
AMD | Ugly double bottom | 05/12/2022 | 05/20/2022 | Semiconductor | |
ALK | Double Bottom, Adam and Adam | 05/12/2022 | 05/24/2022 | Air Transport | |
ALKS | Diamond top | 05/17/2022 | 06/02/2022 | Drug | |
AMZN | Horn bottom | 05/09/2022 | 05/23/2022 | Internet | |
AMN | Pipe bottom | 05/09/2022 | 05/16/2022 | Human Resources | |
AWI | Double Bottom, Adam and Eve | 05/12/2022 | 05/24/2022 | Building Materials | |
ADSK | Double Bottom, Adam and Adam | 05/12/2022 | 05/23/2022 | Computer Software and Svcs | |
AZTA | Ugly double bottom | 05/10/2022 | 05/24/2022 | Semiconductor Cap Equip. | |
BMI | Double Bottom, Eve and Eve | 05/12/2022 | 05/20/2022 | Precision Instrument | |
BERY | Pipe bottom | 05/09/2022 | 05/16/2022 | Packaging and Container | |
BFH | Double Bottom, Adam and Adam | 05/12/2022 | 05/20/2022 | Information Services | |
CBT | Double Bottom, Eve and Eve | 04/07/2022 | 05/10/2022 | Chemical (Diversified) | |
CDNS | Pipe bottom | 05/09/2022 | 05/16/2022 | Computer Software and Svcs | |
CE | Ugly double bottom | 05/12/2022 | 05/24/2022 | Chemical (Basic) | |
CLF | Pipe bottom | 05/09/2022 | 05/16/2022 | Metals and Mining (Div.) | |
CMTL | Triangle, symmetrical | 05/02/2022 | 06/01/2022 | Telecom. Equipment | |
CR | Double Bottom, Adam and Eve | 05/12/2022 | 05/20/2022 | Diversified Co. | |
XRAY | Ugly double bottom | 05/10/2022 | 05/20/2022 | Medical Supplies | |
DRQ | Horn bottom | 04/25/2022 | 05/09/2022 | Oilfield Svcs/Equipment | |
EL | Triple bottom | 05/03/2022 | 05/25/2022 | Toiletries/Cosmetics | |
FAST | Double Bottom, Adam and Adam | 05/12/2022 | 05/19/2022 | Retail Building Supply | |
FDX | Head-and-shoulders bottom | 04/07/2022 | 05/19/2022 | Air Transport | |
FLEX | Double Bottom, Adam and Eve | 05/12/2022 | 05/24/2022 | Electronics | |
FLS | Head-and-shoulders bottom | 05/03/2022 | 05/20/2022 | Machinery | |
FORM | Rising wedge | 04/27/2022 | 06/02/2022 | Semiconductor | |
FRD | Double Bottom, Adam and Adam | 05/11/2022 | 05/25/2022 | Building Materials | |
IT | Triple bottom | 05/09/2022 | 05/24/2022 | IT Services | |
GE | Head-and-shoulders bottom | 05/02/2022 | 05/24/2022 | Diversified Co. | |
HP | Horn bottom | 04/25/2022 | 05/09/2022 | Petroleum (Producing) | |
DHI | Horn bottom | 05/09/2022 | 05/23/2022 | Homebuilding | |
ITW | Triangle, symmetrical | 05/02/2022 | 06/02/2022 | Metal Fabricating | |
IPI | Triangle, symmetrical | 05/12/2022 | 06/02/2022 | Chemical (Diversified) | |
NVTA | Triangle, descending | 05/12/2022 | 06/02/2022 | Medical Services | |
JKHY | Pipe bottom | 05/09/2022 | 05/16/2022 | IT Services | |
KLIC | Pipe bottom | 04/25/2022 | 05/02/2022 | Semiconductor Cap Equip. | |
MANH | Triple bottom | 05/12/2022 | 05/25/2022 | IT Services | |
MU | Triple bottom | 04/27/2022 | 05/25/2022 | Semiconductor | |
MCO | Pipe bottom | 05/09/2022 | 05/16/2022 | Information Services | |
MS | Pipe bottom | 05/09/2022 | 05/16/2022 | Securities Brokerage | |
MOS | Triangle, symmetrical | 05/04/2022 | 06/02/2022 | Chemical (Diversified) | |
MYGN | Ugly double bottom | 05/10/2022 | 05/19/2022 | Biotechnology | |
^IXIC | Head-and-shoulders bottom | 05/12/2022 | 05/24/2022 | None | |
NKE | Double Bottom, Adam and Eve | 05/12/2022 | 05/25/2022 | Shoe | |
NVDA | Double Bottom, Adam and Eve | 05/12/2022 | 05/20/2022 | Semiconductor | |
PAYX | Double Bottom, Adam and Eve | 05/12/2022 | 05/20/2022 | IT Services | |
PLXS | Broadening top | 05/04/2022 | 05/31/2022 | Electronics | |
KWR | Pipe bottom | 05/16/2022 | 05/23/2022 | Chemical (Specialty) | |
RMBS | Double Bottom, Adam and Eve | 05/12/2022 | 05/25/2022 | Semiconductor Cap Equip. | |
RJF | Triple bottom | 05/12/2022 | 05/25/2022 | Securities Brokerage | |
^GSPC | Head-and-shoulders bottom | 05/12/2022 | 05/24/2022 | None | |
CRM | Double Bottom, Adam and Eve | 05/12/2022 | 05/24/2022 | E-Commerce | |
SAIC | Double Bottom, Adam and Adam | 05/12/2022 | 05/20/2022 | IT Services | |
NOW | Triple bottom | 05/12/2022 | 05/24/2022 | IT Services | |
LUV | Double Bottom, Adam and Eve | 05/12/2022 | 05/25/2022 | Air Transport | |
SSYS | Ugly double bottom | 05/12/2022 | 05/24/2022 | Electronics | |
SUM | Double Bottom, Eve and Eve | 05/12/2022 | 05/24/2022 | Cement and Aggregates | |
TPR | Ugly double bottom | 05/11/2022 | 05/25/2022 | Apparel | |
TER | Double Bottom, Eve and Eve | 05/12/2022 | 05/20/2022 | Semiconductor Cap Equip. | |
TXT | Double Bottom, Adam and Adam | 05/12/2022 | 05/20/2022 | Diversified Co. | |
TMO | Horn bottom | 04/25/2022 | 05/09/2022 | Precision Instrument | |
TJX | Pipe bottom | 05/09/2022 | 05/16/2022 | Retail Store | |
VEEV | Head-and-shoulders bottom | 05/12/2022 | 05/24/2022 | Healthcare Information | |
VC | Ugly double bottom | 04/26/2022 | 05/12/2022 | Electronics | |
WRB | Triple bottom | 05/02/2022 | 05/20/2022 | Insurance (Prop/Casualty) | |
WU | Head-and-shoulders bottom | 05/02/2022 | 05/20/2022 | Financial Services | |
WOLF | Double Bottom, Adam and Eve | 05/12/2022 | 05/24/2022 | Semiconductor | |
WWW | Ugly double bottom | 05/11/2022 | 05/24/2022 | Shoe | |
MGK | Head-and-shoulders bottom | 05/12/2022 | 05/25/2022 | None |
Thursday 6/2/22. Intraday Market Direction: Nasdaq
Average gain was 0.8% on 133 occasions.
Average loss was -1.0% on 143 occasions.
Expect the Nasdaq to close lower 51.8% of the time.
Weekly, since inception on 6/14/2011:
The prediction of the Nasdaq closing higher has been right 238/421 or 56.5% of the time.
The prediction of the Nasdaq closing lower has been right 63/133 or 47.4% 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.
$ $ $
I show a picture of the Nasdaq composite on the 5-minute scale.
The chart pattern shown here isn’t a trendline that I’m focused on, but a bump-and-run reversal top. The lead-in phase is at A. That’s a short and tight
move that follows an up-sloping trendline.
B is the bump phase. It suggests, but does not guarantee, price will head lower and pierce the trendline. The plunge could be substantial, about the height of the bump applied below the
trendline. If that were to happen, it would take the index down to about 11,200.
$ $ $
Here’s a symbol list of 193 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
MMM, ABT, ACIW, AFL, ALK, ALL, AMZN, AEO, AIG, ABC, AMGN, AON, ATR, ARCB, ACGL, ADM, AWI, ARW, ADSK, AVY, AVNT, BSET, BAX, BZH, BBY, BKH, BA, BKNG, BLDR, BG, CALM, CF, CRL, CHS, CINF, CTSH, CL, CONN, GLW, COST, COTY, CR, CSGS, DHR, DDS, DSGR, ^DJT, BOOM, EBAY, EL, EXPD, FFIV, FICO, FIS, FDP, FRD, GE, GS, GOOGL, GPRO, GGG, GES, HLIT, HSC, HIG, HE, HAYN, HQY, HELE, HSIC, HNI, HON, DHI, HOV, HUBG, JBHT, NSP, ITGR, INTC, IPAR, IPG, IVC, JKHY, JAZZ, JBLU, KALU, KBH, KELYA, KBAL, KMB, KSS, KLIC, LZB, LEN, LOW, MHO, M, MNDT, MAN, MTRX, MDC, MDT, MU, MCO, MS, NFLX, NTAP, NWL, JWN, ORI, ASGN, PKG, PKE, PTEN, PAYX, PYPL, PETS, PFE, PPL, PG, PEG, PHM, KWR, RGA, REV, RNG, ROG, ROST, SAIA, CRM, SMG, SEE, SEIC, SLGN, SKX, LUV, SRDX, TPR, TFX, TDC, TER, TXN, TKR, TOL, TSCO, TZOO, VFC, WSO, WU, WSM, WWW, IAI, IYC, ITB, DDM, SLV, IHI, EWZ, ECH, EWG, EWM, EWL, THD, EWU, PEJ, PJP, XLY, XLI, XRT, UNG, 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.
$ $ $
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
© 2022 ThePatternSite.com Metric | Value | Diff | Close (within 10% of the high-low range for the day)? |
Monthly S2 | 10,038.11 | ||
Weekly S2 | 10,700.35 | 662.25 | |
Monthly S1 | 11,016.28 | 315.93 | |
Weekly S1 | 11,347.41 | 331.12 | |
Daily S2 | 11,708.10 | 360.69 | |
Weekly Pivot | 11,739.53 | 31.43 | Yes! The Weekly Pivot is close to the Daily S2. |
Daily S1 | 11,851.28 | 111.75 | |
Low | 11,901.43 | 50.15 | |
Close | 11,994.46 | 93.03 | |
Monthly Pivot | 12,013.87 | 19.41 | Yes! The Monthly Pivot is close to the Close. |
61.8% Down from Intraday High | 12,029.98 | 16.11 | Yes! The 61.8% Down from Intraday High is close to the Monthly Pivot. |
Daily Pivot | 12,044.61 | 14.63 | Yes! The Daily Pivot is close to the 61.8% Down from Intraday High. |
50% Down from Intraday High | 12,069.68 | 25.07 | Yes! The 50% Down from Intraday High is close to the Daily Pivot. |
38.2% Down from Intraday High | 12,109.39 | 39.71 | |
Open | 12,176.89 | 67.50 | |
Daily R1 | 12,187.79 | 10.90 | Yes! The Daily R1 is close to the Open. |
High | 12,237.94 | 50.15 | |
Daily R2 | 12,381.12 | 143.18 | |
Weekly R1 | 12,386.59 | 5.47 | Yes! The Weekly R1 is close to the Daily R2. |
Weekly R2 | 12,778.71 | 392.13 | |
Monthly R1 | 12,992.04 | 213.33 | |
Monthly R2 | 13,989.63 | 997.58 |
Wednesday 6/1/22. 2022 Forecast Update
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 31 May 2022 were…
(The numbering is how they ranked a month ago.)
1. Energy (+58%)
3. Utilities (5%)
2. Consumer staples (-3%)
4. Materials (-4%)
5. Health care (-5%)
8. Financials (-9%)
7. Industrials (-10%)
6. Real estate (-14%)
9. Information technology (-19%)
11. Communication services (-25%)
10. Consumer discretionary (-25%)
The folks at two firms polled by Fidelity weigh the sectors in this order, as of 5/27/22.
1. Information technology (IT)
2. Health care
4. Financials
3. Consumer discretionary
5. Communication services
6. Industrials
7. Consumer staples
8. Energy
10. Utilities
11. Materials
9. Real estate
Here’s how they rank the industries, but only the top 10 appear. One-year change, as of 5/27. The numbering is how they ranked a month ago.
2. Oil, gas and consumable fuels (+73%)
1. Energy equipment and services (+59%)
9. Construction and engineering (+31%)
7. Pharmaceuticals (+22%)
6. Health care technology (20%)
5. Health care providers and services (+18%)
New. Multi-utilities (+17%)
10. Technology hardware, storage, and peripherals (17%)
New. Electric utilities (16%)
New. Automobiles (13%)
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Here’s a symbol list of 69 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ATSG, AA, AYX, AMZN, AEO, ADM, BIIB, CACI, CENX, CRL, CVX, CONN, COTY, FFIV, FDS, FCX, FRD, HP, HOLX, NSP, IBKR, JAZZ, MRO, MGEE, MOS, MYGN, PTEN, REV, RNG, RLI, SAIA, CRM, SLB, SKX, SCCO, TPR, TKR, VFC, VMI, VRTX, WEX, IYC, IEZ, FXI, IHF, EWZ, EWC, ECH, EEM, EWH, EWM, EZA, EWY, EWT, TUR, EWU, DBA, PBE, PXJ, IXC, ILF, MXI, XLY, 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.
— Thomas Bulkowski
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