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Trading Quiz Tuesday: Frontier Airlines (2)…

Blog: January 2022

Bulkowski's Blog: ThePatternSite.com

As of 01/06/2022

  Indus: 36,236 -170.64 -0.5%  

  Trans: 16,345 +1.10 +0.0%  

  Utils: 962 -6.74 -0.7%  

  Nasdaq: 15,081 -19.31 -0.1%  

  S&P 500: 4,696 -4.53 -0.1%  

YTD

-0.3%  

-0.8%  

-1.9%  

-3.6%  

-1.5%  

  Up arrow37,250 or 35,600 by 01/15/2022
  Up arrow17,100 or 15,350 by 01/15/2022
  Up arrow1,000 or 950 by 01/15/2022
  Up arrow16,500 or 15,300 by 01/15/2022
  Up arrow5,075 or 4,600 by 01/15/2022

As of 01/06/2022

  Indus: 36,236 -170.64 -0.5%  

  Trans: 16,345 +1.10 +0.0%  

  Utils: 962 -6.74 -0.7%  

  Nasdaq: 15,081 -19.31 -0.1%  

  S&P 500: 4,696 -4.53 -0.1%  

YTD

-0.3%  

-0.8%  

-1.9%  

-3.6%  

-1.5%  

  Up arrow37,250 or 35,600 by 01/15/2022
  Up arrow17,100 or 15,350 by 01/15/2022
  Up arrow1,000 or 950 by 01/15/2022
  Up arrow16,500 or 15,300 by 01/15/2022
  Up arrow5,075 or 4,600 by 01/15/2022

 


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

$ $ $

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

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

$ $ $

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
MMM Double Bottom, Eve and Eve        12/03/2021 12/20/2021 Diversified Co.
AXDX Pipe bottom        12/06/2021 12/13/2021 Medical Services
ALK Pipe bottom        11/22/2021 11/29/2021 Air Transport
AA Pipe bottom        11/29/2021 12/06/2021 Aerospace/Defense
AMED Ugly double bottom        12/06/2021 12/20/2021 Medical Services
AEL Pipe bottom        11/22/2021 11/29/2021 Insurance (Life)
AIG Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Insurance (Prop/Casualty)
APH Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Electronics
APA Pipe bottom        12/13/2021 12/20/2021 Petroleum (Producing)
APOG Double Bottom, Adam and Adam        11/30/2021 12/20/2021 Building Materials
ACGL Scallop, ascending and inverted        11/30/2021 12/20/2021 Insurance (Prop/Casualty)
ARW Three Rising Valleys        09/20/2021 12/02/2021 Electronics
AGO Pipe bottom        12/13/2021 12/20/2021 Insurance (Life)
ADSK Ugly double bottom        11/24/2021 12/14/2021 Computer Software and Svcs
ADP Double Bottom, Adam and Adam        12/01/2021 12/20/2021 IT Services
AVNT Pipe bottom        12/13/2021 12/20/2021 Chemical (Specialty)
AXS Double Bottom, Eve and Adam        11/30/2021 12/20/2021 Insurance (Prop/Casualty)
BECN Pipe bottom        12/13/2021 12/20/2021 Retail Building Supply
BIO Pipe top        10/25/2021 11/01/2021 Medical Supplies
BA Pipe bottom        12/13/2021 12/20/2021 Aerospace/Defense
BOOT Pipe top        11/15/2021 11/22/2021 Shoe
BG Triple bottom        12/02/2021 12/20/2021 Food Processing
CBT Double Bottom, Adam and Adam        12/01/2021 12/20/2021 Chemical (Diversified)
CACI Double Bottom, Adam and Adam        12/01/2021 12/20/2021 IT Services
CALM Double Bottom, Adam and Adam        12/17/2021 12/29/2021 Food Processing
CLS Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Electronics
CLF Pipe bottom        12/13/2021 12/20/2021 Metals and Mining (Div.)
CLR Pipe bottom        12/13/2021 12/20/2021 Petroleum (Producing)
GLW Head-and-shoulders bottom        12/01/2021 01/03/2022 Telecom. Equipment
COST Rising wedge        11/29/2021 01/04/2022 Retail Store
COTY Double Bottom, Eve and Eve        12/02/2021 12/20/2021 Toiletries/Cosmetics
CR Pipe bottom        12/20/2021 12/20/2021 Diversified Co.
DHR Double Top, Eve and Eve        11/30/2021 12/31/2021 Precision Instrument
DVN Pipe bottom        12/13/2021 12/20/2021 Natural Gas (Diversified)
DFS Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Financial Services
EXP Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Cement and Aggregates
EIX Triple top        12/07/2021 12/29/2021 Electric Utility (West)
EOG Pipe bottom        12/13/2021 12/20/2021 Natural Gas (Distributor)
EQT Pipe bottom        11/29/2021 12/06/2021 Natural Gas (Diversified)
RE Head-and-shoulders bottom        10/29/2021 12/20/2021 Insurance (Prop/Casualty)
XOM Double Bottom, Eve and Adam        12/02/2021 12/20/2021 Petroleum (Integrated)
FIS Rounding bottom        11/12/2021 01/06/2022 Computer Software and Svcs
FLS Pipe bottom        12/13/2021 12/20/2021 Machinery
FTNT Pipe bottom        11/29/2021 12/06/2021 Computer Software and Svcs
FCX Triple bottom        11/26/2021 12/15/2021 Metals and Mining (Div.)
FRD Big W        12/13/2021 12/31/2021 Building Materials
GPS Double Bottom, Eve and Eve        12/02/2021 12/15/2021 Apparel
GE Pipe bottom        12/13/2021 12/20/2021 Diversified Co.
GNW Double Bottom, Eve and Adam        11/30/2021 12/20/2021 Insurance (Life)
GL Double Bottom, Adam and Adam        12/01/2021 12/20/2021 Insurance (Life)
GPRO Triangle, symmetrical        11/18/2021 01/06/2022 Electronics
GFF Double Bottom, Adam and Adam        11/16/2021 12/20/2021 Building Materials
THG Pipe top        12/06/2021 12/13/2021 Insurance (Prop/Casualty)
HP Pipe bottom        11/29/2021 12/06/2021 Petroleum (Producing)
IPG Ugly double bottom        11/30/2021 12/20/2021 Advertising
ISRG Pipe bottom        11/29/2021 12/06/2021 Medical Supplies
IVC Double Bottom, Adam and Eve        12/06/2021 12/20/2021 Medical Supplies
JBLU Triangle, ascending        12/01/2021 01/06/2022 Air Transport
KALU Pipe bottom        12/13/2021 12/20/2021 Metals and Mining (Div.)
LZB Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Furn/Home Furnishings
LMT Three Rising Valleys        11/03/2021 12/20/2021 Aerospace/Defense
MAN Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Human Resources
MRO Pipe bottom        12/13/2021 12/20/2021 Petroleum (Integrated)
MCHX Rectangle bottom        11/30/2021 01/06/2022 Advertising
MRTN Pipe bottom        12/13/2021 12/20/2021 Trucking/Transp. Leasing
MRK Ugly double bottom        12/07/2021 01/03/2022 Drug
MCO Pipe top        10/25/2021 11/01/2021 Information Services
NBR Pipe bottom        11/29/2021 12/06/2021 Oilfield Svcs/Equipment
NFG Three Rising Valleys        11/04/2021 12/20/2021 Natural Gas (Diversified)
NOV Ugly double bottom        12/02/2021 12/20/2021 Oilfield Svcs/Equipment
NTGR Rising wedge        11/15/2021 01/06/2022 Telecom. Equipment
NWL Double Bottom, Adam and Adam        12/01/2021 12/20/2021 Household Products
NWPX Pipe bottom        12/13/2021 12/20/2021 Building Materials
OXY Pipe bottom        12/13/2021 12/20/2021 Petroleum (Producing)
OMC Ugly double bottom        11/26/2021 12/20/2021 Advertising
OUT Pipe bottom        12/13/2021 12/20/2021 Advertising
OMI Double Bottom, Eve and Eve        12/02/2021 12/14/2021 Medical Supplies
OXM Pipe bottom        12/13/2021 12/20/2021 Apparel
PANW Three Rising Valleys        10/04/2021 12/06/2021 Computer Software and Svcs
PATK Double Bottom, Adam and Adam        12/13/2021 12/20/2021 Retail Building Supply
PTEN Ugly double bottom        12/02/2021 12/20/2021 Oilfield Svcs/Equipment
PNW Triangle, ascending        10/20/2021 12/22/2021 Electric Utility (West)
PPL Rising wedge        11/10/2021 01/06/2022 Electric Utility (East)
PRU Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Insurance (Life)
DGX Double Top, Eve and Eve        12/17/2021 12/31/2021 Medical Services
RGA Pipe bottom        11/22/2021 11/29/2021 Insurance (Life)
RLI Diamond top        11/03/2021 01/03/2022 Insurance (Prop/Casualty)
RCKY Double Bottom, Eve and Adam        12/02/2021 12/20/2021 Shoe
ROST Pipe bottom        12/13/2021 12/20/2021 Retail (Special Lines)
RES Ugly double bottom        12/02/2021 12/20/2021 Oilfield Svcs/Equipment
SCCO Double Bottom, Eve and Eve        11/26/2021 12/20/2021 Metals and Mining (Div.)
LUV Pipe bottom        12/13/2021 12/20/2021 Air Transport
SXI Pipe bottom        12/13/2021 12/20/2021 Diversified Co.
SUM Double Bottom, Eve and Adam        12/01/2021 12/20/2021 Cement and Aggregates
SRDX Big W        12/02/2021 12/17/2021 Medical Supplies
TDOC Triangle, descending        12/06/2021 01/04/2022 Healthcare Information
TFX Ugly double bottom        12/01/2021 12/20/2021 Diversified Co.
TPX Head-and-shoulders complex bottom        10/28/2021 12/20/2021 Furn/Home Furnishings
TDC Triangle, symmetrical        11/29/2021 12/17/2021 Computer Software and Svcs
TKR Pipe bottom        12/13/2021 12/20/2021 Metal Fabricating
RIG Triple bottom        12/06/2021 12/31/2021 Oilfield Svcs/Equipment
UGI Ugly double bottom        11/30/2021 12/20/2021 Natural Gas (Distributor)
UNM Big W        12/01/2021 12/20/2021 Insurance (Diversified)
VLO Pipe bottom        12/13/2021 12/20/2021 Petroleum (Integrated)
VC Pipe bottom        12/13/2021 12/20/2021 Electronics
WERN Double Bottom, Adam and Adam        12/02/2021 12/20/2021 Trucking/Transp. Leasing
WLK Double Bottom, Adam and Eve        12/02/2021 12/20/2021 Chemical (Basic)
WEX Double Bottom, Eve and Eve        12/01/2021 12/15/2021 Information Services

 

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Thursday 1/6/22. Cryptocurrency Ethereum: Bearish

The Nasdaq dropped by -3.3% or -522.55 points. Since 02/05/1971 the index made 17 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 1.6% on 8 occasions.

     Average loss was -1.4% on 9 occasions.

Expect the index to close lower 52.9% of the time.

Weekly, since inception on 6/14/2011:

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

     The prediction of the index closing lower has been right 59/126 or 46.8% of the time.

Since I post this the night before, check how the futures are trading before market open. Large moves can affect the opening direction.

Picture of the Nasdaq composite on the 5 minute scale.

$ $ $

I show a picture of Ethereum on the daily scale.

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

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

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

$ $ $

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

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

$ $ $

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

© 2022 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   14,245.80      
 Monthly S1   14,672.98   427.19   
 Daily S2   14,769.43   96.45   
 Daily S1   14,934.80   165.37   
 Low   15,095.18   160.38   
 Close   15,100.17   4.99   Yes! The Close is close to the Low.
 Weekly S1   15,195.58   95.41   
 Daily Pivot   15,260.55   64.97   
 61.8% Down from Intraday High   15,282.79   22.24   Yes! The 61.8% Down from Intraday High is close to the Daily Pivot.
 Monthly Pivot   15,287.23   4.44   Yes! The Monthly Pivot is close to the 61.8% Down from Intraday High.
 Weekly S2   15,291.00   3.77   Yes! The Weekly S2 is close to the Monthly Pivot.
 50% Down from Intraday High   15,340.74   49.74   
 38.2% Down from Intraday High   15,398.69   57.95   
 Daily R1   15,425.92   27.23   Yes! The Daily R1 is close to the 38.2% Down from Intraday High.
 Weekly R1   15,453.11   27.19   Yes! The Weekly R1 is close to the Daily R1.
 Open   15,547.16   94.05   
 Weekly Pivot   15,548.53   1.37   Yes! The Weekly Pivot is close to the Open.
 High   15,586.30   37.77   Yes! The High is close to the Weekly Pivot.
 Monthly R1   15,714.41   128.11   
 Daily R2   15,751.67   37.26   Yes! The Daily R2 is close to the Monthly R1.
 Weekly R2   15,806.06   54.39   
 Monthly R2   16,328.66   522.60   


Wednesday 1/5/22. 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 shows a green bar on the far right of the chart. It looks like the index is taking a pause here in preparation for another upsurge. It’s a flag pattern
where we see a pause near the middle of a strong run higher.

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, 24% 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 14% from their yearly high.

A week ago, the average was 14%.

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

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

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

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

$ $ $

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

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

— Thomas Bulkowski

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Tuesday 1/4/22. Slider Trading Quiz! Frontier Airlines (2)

The index climbed by 0.7% or 246.76 points. Since 10/01/1928 the index made 697 similar moves on a percentage basis. After those moves, the next day’s…

     Average gain was 0.6% on 383 occasions.

     Average loss was -0.6% on 314 occasions.

Expect the index to close higher 54.9% of the time.

Weekly, since inception on 6/14/2011:

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

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

$ $ $

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

$ $ $

Here’s a symbol list of 209 chart and candlestick patterns (13 “investment grade” candle patterns) found in today’s securities using my version of Patternz:
ANF, ACN, APD, ALRM, ALK, AA, ALKS, AYX, DOX, AMED, AEE, AFG, AMWD, AMGN, AMN, APH, APA, ARCB, ASH, AGO, ADSK, AVY, AVNT, AVA, AXS, AZTA, BSET, BAX, BECN, BIG, BMRN, BKH, BA, BMY, BBW, BLDR, CBT, CNP, CVX, CHS, CIEN, CINF, CLF, CGNX, CLR, CR, DVN, DDS, DFS, ^DJT, ^DJI, D, DOV, DRQ, DTE, DUK, EXP, EBAY, EIX, EMR, WIRE, EOG, EFX, EL, RE, EXPD, FOE, FE, FLS, IT, GE, GPN, GS, GPRO, GGG, GFF, GES, HNI, HOLX, HD, HUBG, JBHT, IDA, IEX, ITW, IBP, IVC, JBLU, KALU, KBH, KELYA, KSS, LHX, LEN, L, LOW, MHO, M, MRO, MCHX, MRTN, MDC, MDT, MLKN, MS, MLI, NBR, NTGR, NJR, NWL, NEE, NXGN, NKE, JWN, NWPX, NUS, OXY, OGE, ORI, OLN, ASGN, OTEX, OUT, OMI, OXM, PTEN, PYPL, PRFT, PLXS, POR, PEG, PHM, KWR, RL, RLI, RHI, ROK, ROG, ROST, RES, SAIA, SIGI, SLGN, SO, LUV, SWX, SXI, SCS, TXT, TKR, TOL, RIG, TG, TREX, UGI, VLO, VC, WRB, WSO, WERN, WU, WLK, WEX, WOLF, XLNX, IYM, IYC, IYE, ITB, IEO, ICF, IAT, IYZ, IYF, EWK, EWG, EIS, EWI, EZA, EWT, TUR, PXJ, PHO, MXI, XLY, XLF, XLI, XLB, VHT, VIS, VAW. Clink this link for details (pattern type, start and end dates).

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

$ $ $

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

© 2022 ThePatternSite.com    Metric   Value   Diff   Close (within 10% of the high-low range for the day)? 
 Monthly S2   33,084.48      
 Monthly S1   34,834.77   1,750.29   
 Weekly S2   35,681.15   846.38   
 Monthly Pivot   35,757.27   76.12   
 Daily S2   36,126.41   369.14   
 Weekly S1   36,133.10   6.70   Yes! The Weekly S1 is close to the Daily S2.
 Low   36,246.45   113.35   
 Open   36,321.59   75.14   
 Daily S1   36,355.73   34.14   Yes! The Daily S1 is close to the Open.
 61.8% Down from Intraday High   36,379.91   24.18   Yes! The 61.8% Down from Intraday High is close to the Daily S1.
 Weekly Pivot   36,406.44   26.53   Yes! The Weekly Pivot is close to the 61.8% Down from Intraday High.
 50% Down from Intraday High   36,421.14   14.70   Yes! The 50% Down from Intraday High is close to the Weekly Pivot.
 38.2% Down from Intraday High   36,462.36   41.22   
 Daily Pivot   36,475.78   13.42   Yes! The Daily Pivot is close to the 38.2% Down from Intraday High.
 Close   36,585.06   109.28   
 High   36,595.82   10.76   Yes! The High is close to the Close.
 Daily R1   36,705.10   109.28   
 Daily R2   36,825.15   120.05   
 Weekly R1   36,858.39   33.25   Yes! The Weekly R1 is close to the Daily R2.
 Weekly R2   37,131.73   273.33   
 Monthly R1   37,507.56   375.83   
 Monthly R2   38,430.06   922.50   


Monday 1/3/22. 2022 Forecast

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

Indices Growth in 2021
Dow utilities 13.4%
Dow industrials 18.7%
Nasdaq composite 21.4%
S&P 500 index 26.9%
Dow transports 31.8%

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

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

1. Energy (+47%)

4. Real estate (+42%)

2. Information technology (+34%)

3. Financials (+33%)

8. Health care (+25%)

7. Materials (+24%)

5. Consumer discretionary (+24%)

6. Communication services (+22%)

9. Industrials (+19%)

10. Consumer staples (+15%)

11. Utilities (+14%)

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

1. Information technology (IT)

3. Health care

2. Consumer discretionary

4. Financials

5. Communication services

6. Industrials

7. Consumer staples

9. Real estate

8. Energy

10. Materials

11. Utilities

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

3. Real estate management and development (75%)

4. Automobiles (+63%)

5. Distributors (+53%)

8. Construction materials (+52%)

2. Semiconductors & Semi equipment (+52%)

1. Construction and engineering (+51%)

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

New. Communications equipment (+49%)

9. Interactive media & Services (+48%)

New. Building products (+46%)

The Indices…

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

Monday: Up 351.82 points.

Tuesday: Up 95.83 points.

Wednesday: Up 90.42 points.

Thursday: Down 90.55 points.

Friday: Down 59.78 points.

For the Week…

The Dow industrials were up 387.74 points or 1.1%.

The Nasdaq composite was down 8.4 points or 0.1%.

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

For the Year…

Dow Industrials

     Closed at 36,338, up 18.7%.

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

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

Nasdaq

     Closed at 15,645, up 21.4%.

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

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

S&P 500

     Closed at 4,766, up 26.9%.

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

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

$ $ $

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

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

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


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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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