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Pattern Trading Setups for the Weekend!…

Blog: December 2021

Bulkowski's Blog: ThePatternSite.com

As of 12/14/2021

  Indus: 35,544 -106.77 -0.3%  

  Trans: 16,008 -202.82 -1.3%  

  Utils: 942 -5.00 -0.5%  

  Nasdaq: 15,238 -175.64 -1.1%  

  S&P 500: 4,634 -34.88 -0.7%  

YTD

 +16.1%  

 +28.0%  

 +9.0%  

 +18.2%  

 +23.4%  

  Up arrow36,600 or 34,000 by 01/01/2022
  Up arrow17,100 or 15,350 by 01/01/2022
  Up arrow975 or 925 by 01/01/2022
  Up arrow16,000 or 14,800 by 01/01/2022
  Up arrow4,850 or 4,480 by 01/01/2022

As of 12/14/2021

  Indus: 35,544 -106.77 -0.3%  

  Trans: 16,008 -202.82 -1.3%  

  Utils: 942 -5.00 -0.5%  

  Nasdaq: 15,238 -175.64 -1.1%  

  S&P 500: 4,634 -34.88 -0.7%  

YTD

 +16.1%  

 +28.0%  

 +9.0%  

 +18.2%  

 +23.4%  

  Up arrow36,600 or 34,000 by 01/01/2022
  Up arrow17,100 or 15,350 by 01/01/2022
  Up arrow975 or 925 by 01/01/2022
  Up arrow16,000 or 14,800 by 01/01/2022
  Up arrow4,850 or 4,480 by 01/01/2022

 


Wednesday 12/15/21. 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.

This chart shows the indicator turning bearish, which the vertical red bar on the far right of the chart highlights.

Earlier in the year (May through August) the red bars didn’t signal much of a decline. After August (Sept, Nov) the index made a big down move after red bars appeared. Will it again crumble
because of today’s red bar?

I have my doubts. The stories we see in the news are a lot of fear packed upon incidents where we’ve seen a fast recovery in the past. Because we’ve been through a covid decline once
already, I don’t think we’ll see it again. Certainly not to the extent that we saw in early 2020.

Besides all of that, the indicator can change for up to a week, so today’s bearish signal could be fake.

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, 32% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 28%.

The fewest was 8% on 03/15/2021.

And the most was 39% on 12/01/2021.

Shown as a blue line on the above chart…

The 459 stocks in my database are down an average of 17% from their yearly high.

A week ago, the average was 15%.

The peak was 8% on 03/15/2021.

And the bottom was 19% on 12/01/2021.

Both the red and blue lines are more bearish today than they were a week ago. I am somewhat hopeful that if you compare the timing of the red line’s bottom, in this chart, it happened at the
start of December. Directly above that valley the index made a lower low for 2 extra days. In other words, the red (and blue) line(s) signaled a bottom 2 days before the index (suggesting a
downturn end and a recovery).

Looking forward, we have a bearish CPI chart and a bearish percent down chart. That would suggest the index is going to drop more in the coming days.

I just don’t believe it. I think the index will rise. In fact, I’m looking for a recovery going into the new year.

$ $ $

Here’s a symbol list of 143 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
AXDX, ADBE, APD, ALRM, ALB, AA, AYX, AMED, AEE, ABC, ANTM, APA, ARCB, ACGL, BCPC, BLL, BBBY, BIIB, BA, BLDR, CPB, CF, CRL, CHD, CTXS, CLNE, CNA, CAG, EIX, EMR, EOG, EQT, FOE, FTNT, FDP, IT, GD, GE, GOOGL, GPRO, HL, HP, HNI, HD, IDXX, ILMN, INCY, IBP, IPI, INTU, ISRG, IVC, KBH, KELYA, LRCX, LEN, RAMP, LOW, MHO, MNDT, MRO, MDC, MRK, FB, MUR, MYGN, NWL, NEU, NXGN, NI, OTEX, PRFT, PFE, PNW, PFG, PG, PGR, PHM, DGX, RL, RLI, RCKY, SAIA, CRM, SMG, SRE, NOW, SHW, SWN, SR, SXI, TGT, TXN, TOL, WMT, WU, WDAY, ITA, ITB, IEZ, IHE, FTEC, FDN, QTEC, FXL, BOTZ, IGV, EWK, EWZ, ECH, EWQ, EWG, EWH, EIS, EWM, EWW, EPP, EWS, EWY, EWD, EWT, EWU, QLD, IEV, ILF, MXI, XLY, XLP, XHB, XLK, UNG, 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

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Tuesday 12/14/21. Slider Trading Quiz! Fed Ex (version 4)

The index dropped by -0.9% or -320.04 points. Since 10/01/1928 the index made 435 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.8% on 210 occasions.

     Average loss was -0.9% on 225 occasions.

Expect the index to close lower 51.7% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 234/419 or 55.8% of the time.

     The prediction of the index closing lower has been right 43/91 or 47.3% of the time.

$ $ $

I show another slider trading quiz featuring Fed Ex: FDX 4.

$ $ $

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:
AJRD, ALK, ALB, AEP, AEL, AXP, AMN, ARCB, ACGL, ADM, ATO, BZH, BBBY, BKH, BA, BKNG, BOOT, EPAY, BBW, BLDR, CSCO, CTXS, CNO, GLW, CCRN, CTS, XRAY, DDS, ^DJI, D, BOOM, EXP, EMR, EXC, FE, FISV, FMC, GE, GGG, EVRG, GES, HL, HOLX, HD, HURC, IDA, INCY, INFN, IBP, IPAR, IPG, IPI, INTU, JBLU, JNJ, KBH, KMB, KLIC, LANC, LEN, LOW, MHO, MCHX, MDC, MLKN, MS, NBR, NWL, NXGN, NKE, NI, NWPX, OXY, OGE, OMCL, ASGN, PTEN, PLXS, PPG, PEG, PHM, DGX, RL, RGA, RHI, ^GSPC, SLB, SIGI, SHW, SCCO, LUV, SXI, TPX, TER, TKR, TOL, TZOO, VFC, VLO, VRTX, WDAY, XEL, ITB, IHI, IEO, IHE, IDU, FTEC, IAT, IGV, EWO, EWC, ECH, EEM, EWG, EIS, EWM, EWW, EWS, EZA, EWY, EWP, EWD, TUR, PXJ, IEV, XHB, XLK, UNG. 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

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© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   32,849.14      
 Weekly S2   34,073.10   1,223.96   
 Monthly S1   34,250.04   176.95   
 Weekly S1   34,862.02   611.98   
 Daily S2   35,390.40   528.38   
 Monthly Pivot   35,407.89   17.48   Yes! The Monthly Pivot is close to the Daily S2.
 Weekly Pivot   35,422.36   14.47   Yes! The Weekly Pivot is close to the Monthly Pivot.
 Daily S1   35,520.68   98.32   
 Low   35,609.53   88.86   
 Close   35,650.95   41.42   
 Daily Pivot   35,739.80   88.86   
 61.8% Down from Intraday High   35,743.00   3.20   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 50% Down from Intraday High   35,784.23   41.23   
 38.2% Down from Intraday High   35,825.46   41.23   
 Daily R1   35,870.08   44.62   
 Open   35,958.93   88.85   
 High   35,958.93   0.00   Yes! The High is close to the Open.
 Daily R2   36,089.20   130.27   
 Weekly R1   36,211.29   122.08   
 Weekly R2   36,771.62   560.33   
 Monthly R1   36,808.79   37.18   
 Monthly R2   37,966.64   1,157.84   


Monday 12/13/21. Market Monday: The Week Ahead

My Prediction

Picture of the Nasdaq on the daily scale.

I show the Nasdaq composite on the daily scale.

This was a tough chart to draw lines on. The top red line went in just fine because it lines up well with the peaks and we have plenty of trendline touches.

The bottom line I struggled with. Why? Because it didn’t really line up well. I drew what’s called an internet trendline which slices through price. That’s clear at A.

This is not how I like to draw trendlines, but it seems to make sense in this situation.

What does the chart show?

This is an ascending broadening wedge. The two trendlines slope upward and diverge. Price nears or touches the internal trendline several times and has a fake
downward breakout at A.

The pause we see now might be just that, a pause, before the uptrend continues. That’s what I think will happen. However, it’s also possible that we’ll see it reverse here and head
down toward the bottom trendline. Indeed, you see that situation just before point A. Price neared the bottom trendline, moved up about halfway and then reversed to pierce the trendline at A.

We’ll know in the coming weeks which way the composite moves.

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A Brief Look Back

Picture of a flower from my garden.

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 646.95 points.

Tuesday: Up 492.4 points.

Wednesday: Up 35.32 points.

Thursday: Down 0.06 points.

Friday: Up 216.3 points.

For the Week…

The Dow industrials were up 1390.91 points or 4.0%.

The Nasdaq composite was up 545.13 points or 3.6%.

The S&P 500 index was up 173.59 points or 3.8%.

Year to Date…

Dow Industrials

     1.6% down from the high of 36,565.73 on 11/08/2021.

     20.5% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     3.6% down from the high of 16,212.23 on 11/22/2021.

     26.1% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     0.7% down from the high of 4,743.83 on 11/22/2021.

     28.6% up from the low of 3,662.71 on 01/04/2021.

Options Expiration

Many options expire this week, so traders will be looking to close out their positions, and that suggests increased volatility (large daily price swings).

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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   35,616   35,793   35,888   36,066   36,160 
Weekly   34,180   35,075   35,529   36,425   36,878 
Monthly   32,956   34,463   35,515   37,022   38,073 
S&P500 (^GSPC): Daily   4,655   4,684   4,699   4,727   4,742 
Weekly   4,482   4,597   4,655   4,770   4,828 
Monthly   4,402   4,557   4,650   4,806   4,899 
Nasdaq (^IXIC): Daily   15,396   15,513   15,595   15,713   15,795 
Weekly   14,588   15,109   15,453   15,974   16,317 
Monthly   14,310   14,970   15,591   16,252   16,872 
  • 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.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

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:
AJRD, ALK, DOX, AEO, AEL, AXP, AIG, AMWD, AMGN, AIZ, BCPC, BZH, BIO, BA, BAH, EPAY, BMY, BBW, BG, CPB, CX, CNC, CSCO, CNO, COP, COST, CCK, CMI, XRAY, WIRE, FE, FISV, FMC, GE, GNW, GS, GPRO, GES, HIG, HNI, HON, JBHT, IDA, INCY, INFN, IIIN, ITGR, IPAR, IPG, JBLU, KLIC, LEG, LLY, LOW, MHO, MLM, MDC, MU, MLKN, NWL, NXGN, NI, OXY, ASGN, PKG, PANW, PATK, PTEN, PNW, PLXS, PPG, DGX, RL, RGS, RGA, ROG, SLB, SCCO, LUV, SWN, TECH, TPX, TMO, TZOO, TG, VFC, VLO, VRTX, WMT, WLK, WMB, IYK, ITB, FTEC, IYH, IHF, IGV, EWC, EWH, EIS, EWW, EZA, EWY, EWL, XLP, GLD, 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.

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

This Week Last Week
1. Trucking/Transp. Leasing 1. Semiconductor
2. Retail Building Supply 2. Precision Instrument
3. Semiconductor 3. Trucking/Transp. Leasing
4. Shoe 4. Shoe
5. Precision Instrument 5. Retail Building Supply
6. Semiconductor Cap Equip. 6. Semiconductor Cap Equip.
7. Retail Store 7. Retail Store
8. Homebuilding 8. Computers and Peripherals
9. Computers and Peripherals 9. Computer Software and Svcs
10. Cement and Aggregates 10. IT Services
Best Performing Above Worst Performing Below
50. Aerospace/Defense 50. Investment Co. (Foreign)
51. Furn/Home Furnishings 51. Furn/Home Furnishings
52. Food Processing 52. Aerospace/Defense
53. Healthcare Information 53. Apparel
54. Apparel 54. Food Processing
55. Air Transport 55. Insurance (Life)
56. Financial Services 56. Short ETFs
57. Retail (Special Lines) 57. Air Transport
58. Biotechnology 58. Financial Services
59. Short ETFs 59. Retail (Special Lines)
60. Oilfield Svcs/Equipment 60. Oilfield Svcs/Equipment

— Thomas Bulkowski

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Friday 12/10/21. Pattern Trading Setups for the Weekend.

$ $ $

Here’s a symbol list of 112 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ANF, AJRD, AFL, APD, ATSG, ALK, AEE, AEL, AIG, AMGN, ANIK, ACGL, AWI, ATO, BZH, BIO, BAH, BBW, CLS, CNC, CIEN, CINF, CNA, CNO, CMTL, COP, DHR, XRAY, DFS, DOV, WIRE, EPAM, EXC, XOM, FE, FISV, FMC, FTNT, FDP, IT, HTLD, HOV, JBHT, IDA, IDXX, ITW, INCY, INFN, IIIN, IPAR, TILE, IPG, JBLU, KBH, LEG, LEN, LOW, MHO, M, MDC, NXGN, OXY, OMCL, OXM, PKG, PTEN, PETS, PLXS, PPG, PPL, PRU, PHM, RL, RGA, RNG, SLB, NOW, LUV, SWN, TECH, TPX, TEVA, UPS, VFC, VLO, VEEV, VRTX, WSM, IYK, ITB, IDU, FTEC, ICF, IHF, IAT, SLV, EIS, EWW, EZA, EWY, TUR, XLP, XHB. 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

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Thursday 12/9/21. Cryptocurrency: DOGE-USD

The Nasdaq climbed by 0.6% or 100.07 points. Since 02/05/1971 the index made 509 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.7% on 316 occasions.

     Average loss was -0.7% on 193 occasions.

Expect the index to close higher 62.1% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 233/403 or 57.8% 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.

Picture of the doge-usd.

$ $ $

I show a picture of the cryptocurrency DOGE-USD.

At AB there’s a chart pattern called a double top. It confirms as a valid chart pattern when the currency closes below the red line. That line connects the lowest valley between peaks A and B.

A downward breakout occurs at C. It seems hard to envision but the pattern predicts a drop below C as far as the height of AB to C. On this scale, it looks like the currency would go below 0, so
you’ll want to be conservative in your projections.

What we can say about the double top is that the currency is going down. The chart shows that’s already happened (with the spike down at C). What’s not clear is how much lower it might go. Indeed, it appears to be pulling
back now, but that upward move of the last four days looks anemic. So maybe it’ll resume dropping.

$ $ $

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:
ANF, ALK, AEL, AFG, AIG, ANIK, AXS, BZH, BBW, CPB, CLS, CNC, CHD, CNO, COP, COST, CCK, CW, DHR, XRAY, DOV, WIRE, EPAM, EXC, FICO, FE, FISV, FMC, FDP, FRD, HTLD, HSII, HP, INCY, INFN, IPAR, TILE, IPG, IVC, JBLU, K, KSS, LEG, LOW, MHO, M, MDC, NXGN, NI, OXY, OTEX, OUT, PATK, PTEN, PCG, PLXS, PPG, PPL, PG, PHM, RL, RGA, SLB, SCCO, SWN, TGT, TPX, SLCA, VFC, VLO, VEEV, VRTX, VMC, WSO, ITB, FTEC, FXI, IAT, EWA, EWO, EWZ, EWM, EWW, EZA, EWY, EWL, IEV, ILF, 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 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   14,362.26      
 Weekly S2   14,615.00   252.75   
 Monthly S1   15,074.62   459.62   
 Weekly S1   15,201.00   126.37   
 Weekly Pivot   15,517.05   316.06   
 Daily S2   15,559.08   42.02   
 Low   15,618.88   59.80   
 Monthly Pivot   15,643.43   24.55   
 Daily S1   15,673.03   29.61   
 61.8% Down from Intraday High   15,685.26   12.22   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 Open   15,690.65   5.39   Yes! The Open is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High   15,705.76   15.11   Yes! The 50% Down from Intraday High is close to the Open.
 38.2% Down from Intraday High   15,726.26   20.50   
 Daily Pivot   15,732.84   6.57   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close   15,786.99   54.15   
 High   15,792.64   5.65   Yes! The High is close to the Close.
 Daily R1   15,846.79   54.15   
 Daily R2   15,906.60   59.80   
 Weekly R1   16,103.05   196.45   
 Monthly R1   16,355.79   252.75   
 Weekly R2   16,419.10   63.31   
 Monthly R2   16,924.60   505.49   


Wednesday 12/8/21. 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.

The CPI turned bullish as shown by the green vertical bar on the far right of the chart. It shows the indicator turned green yesterday but it could have been today’s
big move in the indices which caused the indicator to flash green yesterday. Sound weird?

I mention this because a strong move could cause the indicator to change signals for up to a week (meaning we could have had a bullish signal days ago). That ‘feature’ is like looking in the mirror
as you drive down the road and saying, “You should have turned back there,” and then being able to make that turn.

In short, this chart is bullish.

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, 28% of stocks in my database are in bear market territory (down at least 20% from their 1-year high).

A week ago, it was 36%.

The fewest was 8% on 03/15/2021.

And the most was 39% on 12/01/2021.

Shown as a blue line on the above chart…

The 459 stocks in my database are down an average of 15% from their yearly high.

A week ago, the average was 18%.

The peak was 8% on 03/15/2021.

And the bottom was 19% on 12/01/2021.

Both the red and blue lines on this chart show marked improvement from a week ago. I think it’s odd that the red line made a lower low less than a week ago even as the index shows a consistent
uptrend (starting off the chart to the left), in a rise-retrace pattern. Both the red and blue lines have shown growing weakness in the index (since March, when the two lines peaked).

Regardless, these lines are moving up and that means they are more bullish now than a week ago.

Combined with the bullishness of the prior chart, it seems clear that the uptrend will continue…until it stops. Russia invading Ukraine could be a cause as well as Covid 19 adapting
to the vaccines and becoming more lethal. Lots can happen but I remain bullish.

$ $ $

Here’s a symbol list of 143 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ACN, ADTN, AJRD, ALK, AEL, AXP, APH, AAPL, AWI, AXS, BMI, BZH, BMRN, BRC, BBW, BLDR, CNC, CENX, CHKP, CTXS, CNO, CMCO, COP, COTY, CRH, CCK, DHR, DECK, XRAY, DVN, DOV, EL, FAST, FE, FISV, FMC, FORM, FWRD, FCX, FDP, HQY, HL, HSII, HOLX, INCY, NSP, INTC, IPAR, TILE, IPG, NVTA, JBLU, KBH, K, KLIC, LANC, LEG, LDOS, MHO, MA, MDC, MDT, MRK, MU, MUR, NBR, NXGN, NKE, NI, OXY, OLN, OTEX, OXM, PANW, PTEN, PLXS, PPG, DGX, RL, RGA, RNG, ROK, SLB, SCCO, SWX, SCS, TPR, TPX, TER, TXN, TMO, SLCA, VFC, VLO, VEEV, VRTX, WSO, WDAY, XEL, XLNX, IYM, IAI, ITB, IEZ, DDM, IYH, IHF, SOXX, IGE, EWO, EWK, EWZ, EWC, EWH, EWI, EWW, EWS, EZA, EWY, EWL, EWT, EWU, PXJ, PHO, IXC, ILF, SSO, XLE, XLV, XHB, XLI, XLB, XRT, USO, 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.

— Thomas Bulkowski

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Tuesday 12/7/21. Slider Trading Quiz!

The index climbed by 1.9% or 646.95 points. Since 10/01/1928 the index made 99 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.8% on 43 occasions.

     Average loss was -0.5% on 56 occasions.

Expect the index to close lower 56.6% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 234/419 or 55.8% of the time.

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

$ $ $

I show another slider trading quiz featuring Fed Ex: FDX 3

$ $ $

Here’s a symbol list of 84 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
MMM, ABT, AES, AEL, AFG, AMWD, AZTA, BLL, EPAY, BRC, CAL, CNC, CRL, CVX, CTXS, CNO, CAG, CLR, COTY, EIX, WIRE, EOG, FICO, FE, FORM, FRD, IT, GD, GIS, GL, THG, HAYN, IBP, IPI, KMB, LXU, M, MCHX, MTRN, MUR, NFG, NTAP, NI, NOC, OGE, OUT, OXM, POR, PPG, PPL, PG, KWR, RMBS, SMTC, SO, SXI, TGT, TPX, TEVA, RIG, VRTX, WEX, WSM, IYK, IEO, ICF, IYF, EWA, EWC, EWH, EWY, EWD, IBB, ROBO, IXC, XLF, UNG, 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.

$ $ $

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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© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   32,707.83      
 Weekly S2   33,559.71   851.88   
 Monthly S1   33,967.43   407.72   
 Daily S2   34,349.08   381.65   
 Weekly S1   34,393.37   44.29   Yes! The Weekly S1 is close to the Daily S2.
 Low   34,633.43   240.06   
 Open   34,633.43   0.00   Yes! The Open is close to the Low.
 Daily S1   34,788.05   154.63   
 Weekly Pivot   34,840.64   52.59   Yes! The Weekly Pivot is close to the Daily S1.
 61.8% Down from Intraday High   34,909.74   69.10   Yes! The 61.8% Down from Intraday High is close to the Weekly Pivot.
 50% Down from Intraday High   34,995.09   85.35   
 Daily Pivot   35,072.40   77.31   
 38.2% Down from Intraday High   35,080.44   8.04   Yes! The 38.2% Down from Intraday High is close to the Daily Pivot.
 Close   35,227.03   146.59   
 Monthly Pivot   35,266.58   39.55   Yes! The Monthly Pivot is close to the Close.
 High   35,356.75   90.17   
 Daily R1   35,511.38   154.63   
 Weekly R1   35,674.30   162.93   
 Daily R2   35,795.72   121.42   
 Weekly R2   36,121.57   325.85   
 Monthly R1   36,526.18   404.61   
 Monthly R2   37,825.33   1,299.15   


Monday 12/6/21. Market Monday: The Week Ahead

My Prediction

Picture of the Dow industrials on the daily scale.

I show the Dow industrials on the daily scale.

I drew two red lines following the peaks and valleys, respectively. What do they show?

Notice that both lines slope upward. That indicates a rising price trend. Taken together, the two lines highlight a chart pattern called an ascending broadening wedge.

Those breakout downward most often (52% of the time). That’s about random.

Here’s what I expect will happen. At A, the index got near the bottom trendline but didn’t quite make it down there. It has made higher lows during the last two days. I expect that
uptrend to continue following the green line. We might see a test of the bottom line like the loop it did in September. Or the index can continue up until it touches or nears the top line.

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A Brief Look Back

Picture of a praying mantis from my garden.

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 236.6 points.

Tuesday: Down 652.22 points.

Wednesday: Down 461.68 points.

Thursday: Up 617.75 points.

Friday: Down 59.71 points.

For the Week…

The Dow industrials were down 319.26 points or 0.9%.

The Nasdaq composite was down 406.19 points or 2.6%.

The S&P 500 index was down 56.19 points or 1.2%.

Year to Date…

Dow Industrials

     5.4% down from the high of 36,565.73 on 11/08/2021.

     15.8% up from the low of 29,856.30 on 01/29/2021.

Nasdaq

     7.0% down from the high of 16,212.23 on 11/22/2021.

     21.7% up from the low of 12,397.05 on 03/05/2021.

S&P 500

     4.3% down from the high of 4,743.83 on 11/22/2021.

     23.9% up from the low of 3,662.71 on 01/04/2021.

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   34,012   34,296   34,549   34,833   35,085 
Weekly   33,344   33,962   34,625   35,243   35,906 
Monthly   32,492   33,536   35,051   36,095   37,610 
S&P500 (^GSPC): Daily   4,434   4,486   4,547   4,599   4,660 
Weekly   4,391   4,465   4,569   4,643   4,747 
Monthly   4,344   4,441   4,592   4,690   4,841 
Nasdaq (^IXIC): Daily   14,623   14,854   15,162   15,394   15,702 
Weekly   14,381   14,733   15,283   15,635   16,185 
Monthly   14,128   14,607   15,410   15,888   16,691 
  • 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.

Mutual funds will begin dividend distributions and rebalancing their portfolios for the approaching year end (starts in late November).

Here’s a symbol list of 109 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, AYI, AEIS, AMD, ALRM, ALB, AA, AEL, AMWD, AMN, BMI, BZH, BOOT, EPAY, BBW, CDNS, CAL, CX, CNC, CRL, CHKP, CHS, COTY, CTS, D, EBAY, WIRE, FFIV, FE, FLEX, FORM, FRD, HAYN, HL, HOV, IDXX, ILMN, IBP, ITGR, IBKR, IPI, NVTA, JAZZ, LLY, LXU, M, MTRN, MTRX, MU, ^IXIC, NJR, NEU, NXGN, OXM, PANW, PRFT, PETS, KWR, RL, RMBS, REV, RHI, SAIC, SMG, SMTC, SKX, SXI, TECH, TDC, RIG, VRTX, WSO, WERN, WSM, WOLF, IYC, FTEC, QTEC, BOTZ, IAT, ECH, EWQ, EWG, EIS, EWI, EPP, EWS, EWY, EWD, EWT, QLD, IBB, PJP, QQQ, ROBO, IEV, IXN, XLY, XRT, 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 below industries were the best (rank 1) or worst performing of those I follow.

This Week Last Week
1. Semiconductor 1. Retail Store
2. Precision Instrument 2. Semiconductor
3. Trucking/Transp. Leasing 3. Trucking/Transp. Leasing
4. Shoe 4. Shoe
5. Retail Building Supply 5. Precision Instrument
6. Semiconductor Cap Equip. 6. Computer Software and Svcs
7. Retail Store 7. Retail Building Supply
8. Computers and Peripherals 8. Semiconductor Cap Equip.
9. Computer Software and Svcs 9. Computers and Peripherals
10. IT Services 10. Petroleum (Producing)
Best Performing Above Worst Performing Below
50. Investment Co. (Foreign) 50. Furn/Home Furnishings
51. Furn/Home Furnishings 51. Retail (Special Lines)
52. Aerospace/Defense 52. Investment Co. (Foreign)
53. Apparel 53. Aerospace/Defense
54. Food Processing 54. Homebuilding
55. Insurance (Life) 55. Insurance (Life)
56. Short ETFs 56. Apparel
57. Air Transport 57. Financial Services
58. Financial Services 58. Short ETFs
59. Retail (Special Lines) 59. Air Transport
60. Oilfield Svcs/Equipment 60. Oilfield Svcs/Equipment

— Thomas Bulkowski

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Friday 12/3/21. Pattern Trading Setups for the Weekend.

$ $ $

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, AEIS, ALRM, ADS, DOX, AIG, AMWD, APA, ATO, BMI, BA, EPAY, BRC, CDNS, CAL, CNC, CF, CRL, CINF, CTXS, CLNE, CMTL, CRH, ^DJI, EFX, XOM, FE, FLEX, IT, GD, GGG, HAYN, HL, INFN, IBP, INTU, JKHY, KBAL, LAMR, LDOS, LEN, RAMP, MHO, M, MUR, NTGR, NTAP, NJR, OXY, OXM, PKE, PHM, ROK, ROST, ^GSPC, SAIC, SEIC, SKX, SNPS, RIG, VEEV, VRTX, WSO, WERN, WSM, IYE, IEO, FXI, IYZ, EWO, EWK, EWZ, EEM, EWH, EWM, TUR, EWU, PPA, PXJ, IXC, MXI, XLE, GLD, XLV, UNG. 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

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 Symbol  Chart Pattern  Bullish 
 Bearish 
Start End Industry
ACIW Pipe top        11/08/2021 11/15/2021 IT Services
ALK Pipe top        11/01/2021 11/08/2021 Air Transport
AEP Head-and-shoulders complex top        10/07/2021 11/22/2021 Electric Utility (Central)
ANTM Double Top, Eve and Eve        10/27/2021 11/15/2021 Medical Services
ADM Double Top, Adam and Eve        10/26/2021 11/15/2021 Food Processing
AIZ Head-and-shoulders top        10/21/2021 11/23/2021 Insurance (Diversified)
ATO Double Top, Eve and Eve        11/15/2021 11/23/2021 Natural Gas (Diversified)
BMI Double Top, Eve and Adam        11/12/2021 11/22/2021 Precision Instrument
BIO Triangle, symmetrical        10/29/2021 12/02/2021 Medical Supplies
BLDR Cup with handle        05/10/2021 08/19/2021 Retail Building Supply
CBT Double Top, Adam and Adam        11/09/2021 11/22/2021 Chemical (Diversified)
CAL Pipe top        11/15/2021 11/22/2021 Shoe
CPB Head-and-shoulders top        11/04/2021 11/26/2021 Food Processing
CE Double Top, Adam and Eve        10/26/2021 11/10/2021 Chemical (Basic)
CNC Triple top        06/16/2021 07/13/2021 Medical Services
CL Double Top, Eve and Eve        11/16/2021 11/26/2021 Household Products
CRH Double Top, Eve and Adam        11/08/2021 11/24/2021 Cement and Aggregates
CSGS Double Bottom, Adam and Adam        11/16/2021 11/29/2021 IT Services
CW Head-and-shoulders top        10/25/2021 11/22/2021 Machinery
DDS Dead-cat bounce        11/29/2021 11/30/2021 Retail Store
DFS Double Top, Eve and Adam        11/15/2021 11/24/2021 Financial Services
EMN Double Top, Eve and Adam        11/12/2021 11/23/2021 Chemical (Diversified)
EBAY Pipe top        10/18/2021 10/25/2021 Internet
EXPD Double Top, Adam and Adam        11/04/2021 11/22/2021 Air Transport
EZPW Big M        10/11/2021 11/18/2021 Financial Services
FE Triple top        11/02/2021 11/16/2021 Electric Utility (East)
FLEX Pipe top        11/08/2021 11/15/2021 Electronics
FTNT Three Falling Peaks        11/08/2021 11/30/2021 Computer Software and Svcs
FCX Pipe top        11/08/2021 11/15/2021 Metals and Mining (Div.)
GL Three Falling Peaks        11/08/2021 11/23/2021 Insurance (Life)
HAYN Double Top, Eve and Adam        11/09/2021 11/22/2021 Building Materials
HSII Triple top        10/26/2021 11/16/2021 Human Resources
HOV Pipe bottom        10/04/2021 10/11/2021 Homebuilding
HUBG Double Top, Adam and Eve        11/05/2021 11/16/2021 Trucking/Transp. Leasing
JBHT Triple top        10/25/2021 11/17/2021 Trucking/Transp. Leasing
INCY Double Bottom, Adam and Adam        11/02/2021 11/23/2021 Drug
IBP Pipe top        11/15/2021 11/22/2021 Retail Building Supply
JAZZ Head-and-shoulders top        10/07/2021 11/12/2021 Biotechnology
JBLU Pipe top        11/01/2021 11/08/2021 Air Transport
LH Triangle, symmetrical        11/09/2021 12/02/2021 Medical Services
LAMR Pipe top        11/01/2021 11/08/2021 Advertising
LLY Double Top, Eve and Adam        11/04/2021 11/19/2021 Drug
M Pipe top        11/15/2021 11/22/2021 Retail Store
MRTN Pipe bottom        09/13/2021 09/20/2021 Trucking/Transp. Leasing
MTRN Double Top, Adam and Adam        11/08/2021 11/22/2021 Metals and Mining (Div.)
MRK Pipe top        10/25/2021 11/01/2021 Drug
FB Double Top, Adam and Adam        11/15/2021 11/22/2021 E-Commerce
NFLX Double Top, Eve and Eve        10/29/2021 11/17/2021 Internet
OTEX Double Top, Eve and Eve        11/08/2021 11/17/2021 E-Commerce
OXM Pipe top        11/15/2021 11/22/2021 Apparel
PRU Double Top, Eve and Adam        10/26/2021 11/03/2021 Insurance (Life)
SAIA Double Top, Eve and Eve        11/05/2021 11/17/2021 Trucking/Transp. Leasing
SEIC Triple top        10/21/2021 11/16/2021 IT Services
TPR Double Top, Adam and Adam        11/11/2021 11/22/2021 Apparel
TXT Triple top        11/08/2021 11/22/2021 Diversified Co.
TKR Pipe top        11/08/2021 11/15/2021 Metal Fabricating
UPS Three Falling Peaks        10/26/2021 11/23/2021 Air Transport
VC Double Top, Eve and Eve        11/08/2021 11/16/2021 Electronics
WERN Double Top, Adam and Eve        10/28/2021 11/16/2021 Trucking/Transp. Leasing
WLK Head-and-shoulders top        10/25/2021 11/24/2021 Chemical (Basic)
WSM Pipe top        11/15/2021 11/22/2021 Retail (Special Lines)
WWW Pipe top        11/01/2021 11/08/2021 Shoe
IYC Double Top, Adam and Adam        11/05/2021 11/22/2021 Retail Store
VIS Double Top, Eve and Eve        11/08/2021 11/16/2021 Industrial Services
MGK Head-and-shoulders top        11/05/2021 11/30/2021 None

 

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Thursday 12/2/21. Intraday Nasdaq: Down Then Up

The index dropped by -1.8% or -283.64 points. Since 02/05/1971 the index made 58 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.9% on 23 occasions.

     Average loss was -1.4% on 35 occasions.

Expect the index to close lower 60.3% of the time.

Weekly, since inception on 6/14/2011:

     The prediction of the index closing higher has been right 233/403 or 57.8% of the time.

     The prediction of the index closing lower has been right 59/125 or 47.2% 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.

The market was trending lower as I show with the two parallel lines. Those lines highlight what’s called a channel. In a channel, price moves between two parallel
or nearly parallel lines.

Notice that today (Wednesday) the index pierced the channel. That’s a worrisome development. I expect you’ll see a pullback to the bottom of the channel.
I expect that will happen on Thursday and if not, then on Friday of this week.

After that, it’s just a guess. But I view this plunge in the indices as a buying opportunity. I think we’ll be higher going into the new year.

$ $ $

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:
DDD, AFL, AKAM, ALK, AA, ALL, AYX, AIG, ANIK, AON, APA, ATR, AGO, ATO, AVA, BIG, BA, BBW, CACI, CAL, CE, CNC, CRL, CHKP, CHS, CINF, CTXS, CLNE, CNO, CTSH, CRH, DHR, XRAY, DVN, DDS, EZPW, FDS, FE, FLEX, FTNT, FWRD, FDP, IT, GIS, GFF, THG, HAYN, HL, HSII, HSIC, HON, IBP, IIIN, JBLU, LZB, LANC, LEN, RAMP, LMT, MTSI, M, MNDT, MRO, MCHX, MDT, MRK, MUR, NFLX, NTAP, NJR, NKE, OXY, ORI, OMC, OXM, PKG, PKE, PDCO, PICO, RCKY, ROST, CRM, SAIC, SMG, NOW, SLGN, LUV, SXI, SSYS, SUM, SNPS, TPX, RIG, TZOO, SLCA, VRSN, VRTX, VC, WRB, WAT, WERN, WLK, WSM, WDAY, IYK, IYE, IEO, IEZ, ICF, IAT, IYF, EWW, EWD, TUR, DBA, PXJ, ROBO, IXC, XLE, XLF, XLV, UNG. 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

Top

© 2021 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   14,304.56      
 Monthly S1   14,779.30   474.75   
 Daily S2   14,865.38   86.07   
 Weekly S2   14,884.65   19.27   Yes! The Weekly S2 is close to the Daily S2.
 Daily S1   15,059.71   175.06   
 Weekly S1   15,069.35   9.64   Yes! The Weekly S1 is close to the Daily S1.
 Low   15,243.93   174.58   
 Close   15,254.05   10.12   Yes! The Close is close to the Low.
 Daily Pivot   15,438.27   184.22   
 61.8% Down from Intraday High   15,462.77   24.51   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 Monthly Pivot   15,495.77   32.99   Yes! The Monthly Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High   15,530.38   34.61   Yes! The 50% Down from Intraday High is close to the Monthly Pivot.
 38.2% Down from Intraday High   15,597.98   67.60   
 Daily R1   15,632.60   34.63   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Weekly Pivot   15,640.79   8.19   Yes! The Weekly Pivot is close to the Daily R1.
 Open   15,752.27   111.48   
 High   15,816.82   64.55   
 Weekly R1   15,825.49   8.67   Yes! The Weekly R1 is close to the High.
 Monthly R1   15,970.51   145.02   
 Daily R2   16,011.16   40.64   Yes! The Daily R2 is close to the Monthly R1.
 Weekly R2   16,396.93   385.77   
 Monthly R2   16,686.98   290.05   


Monday 12/1/21. 2021 December Forecast Update

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

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

1. Energy (+45%)

4. Information technology (+39%)

2. Financials (+37%)

3. Real estate (+33%)

8. Consumer discretionary (+28%)

5. Communication services (+24%)

7. Materials (+21%)

9. Health care (+21%)

6. Industrials (+17%)

10. Consumer staples (+10%)

11. Utilities (+6%)

The folks at two firms polled by Fidelity weigh the sectors in this order, as of 11/29.

1. Information technology (IT)

3. Consumer discretionary

2. Health care

4. Financials

5. 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 11/29. The numbering is how they ranked a month ago.

5. Construction and engineering (+65%)

New. Semiconductors & Semi equipment (+60%)

1. Real estate management and development (60%)

7. Automobiles (+55%)

New. Distributors (+52%)

New. Software (+50%)

3. Oil, gas and consumable fuels (+47%)

New. Construction Materials (+47%)

New. Interactive media & Services (+46%)

4. Consumer finance (+44%)

$ $ $

Here’s a symbol list of 187 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ABT, ANF, ACIW, AFL, APD, AKAM, ALRM, AA, ADS, AMZN, AEO, AEL, AFG, AIG, APA, ATR, ACGL, ADM, AWI, AIZ, AGO, ADSK, ADP, AVNT, AXS, BECN, BKH, BAH, EPAY, BMY, CBT, CACI, CAL, CPB, CE, CNC, CENX, CTXS, CNA, CNO, CTSH, CMCO, CMTL, COP, CLR, GLW, CRH, CCK, CTS, DHR, DDS, EOG, EQT, RE, EXPD, XOM, FE, FLEX, FLS, FMC, FTNT, FDP, IT, GL, GFF, HBI, THG, HIG, HAYN, HL, HSII, HP, HSIC, HON, DHI, HURC, INFN, IBP, TILE, IPI, ISRG, JBLU, K, KSS, LAMR, LANC, LEN, RAMP, LMT, MTSI, M, MNDT, MRO, MCHX, MTRN, MDT, MGEE, NOV, CNR, NFLX, NTAP, NKE, ORI, OUT, OXM, PAYX, PLXS, POR, PINC, PFG, PGR, PRU, RGS, RLI, SLB, SAIC, SMG, NOW, SKX, SXI, SUM, SNPS, TECH, TDOC, TKR, RIG, TRV, UNM, VLO, VEEV, VRSN, WRB, WAT, WERN, WLK, WSM, WDAY, IYK, IYE, IEZ, IDU, BOTZ, ICF, IYH, IHF, IAT, IGE, IYF, EWZ, EWH, EWJ, EPP, EWS, EZA, EWD, EWT, TUR, DBA, PXJ, IXC, XLE, XLF, XLV, UNG, 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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Intraday Market Direction Thursday: Nasdaq Higher…

Blog: May 2022 As of 05/09/2022   Indus: 32,246 -653.67 -2.0%     Trans: 14,470 -430.49 -2.9%     Utils: 998 -9.11 -0.9%   ...

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