NEW HOTLINE
10-21-2022 Tiger Software (C) 2022
http://www.tigersoftware.com/5HLM/INDEX.htm
EMAIL us at either wm_tigersoft@yahoo.com or william_schmidt@hotmail.com
==============================================================
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CHANGE OF HL ADDRESS
Look for an email from us on Saturday that gives the new Hotline address
which will start this Sunday.
============================================================
Applicable Studies:
A study of the nine earlier cases since 1929 when DJI falls more than 6% without a
Peerless Sell
http://tigersoftware.com/NOSELLS/INDEX.htm
(new)
Bullish Closing Power Divergences at Market Bottoms
SPY - 1998, 2001, 2003, 2009, 2010, 2011, 2018, 2020, 2022
http://www.tigersoftware.com/BULCPDIV/INDEX.htm
Peerless Buys and Sells (Somewhat dated, but best lists we can offer right now.)
http://www.tigersoft.com/PeerInst-2012-2013/
Import ant Market Tops: Multiple Peerless Sells and Support Failures
1929, 1972-1973, 1980-1981, 1987, 1999-2000 and 2007-2008. (new)
The DJI-30 can hold up a lot longer than bears may expect even when the A/D Line
has been bearishly diverging for months. That is a key lesson from 1929, 1937,
1957,
1960, 1969, 1973, 2000 and 2007, among others.
http://www.tigersoftware.com/tops/INDEX.htm
(New)
Days where DJI was 3.7% down in one day but then rose and closed up for the day.
This is what happened on 1/24/2022. Can the DJI lead a weak market back up?
http://www.tigersoftware.com/BEARISH/BIGRDS.htm
As long as DJI does not close down more than 10% from its peak, buying when the red
Stochastic-20-K-Line has fallen below +10, showing very oversold status, its rising back
above it blue Pct-D gives short-term traders a good buy
signal even if Peerless is still on a Sell.
See Stochastic-20 charts of 2021 and 2022. The 6-day Inverted MKDS MA functions
much the same.
Previous Hotlines -> www.tigersoft.com/HL424/INDEX.htm
www.tigersoftware.com/211BL/INDEX.htm
www.tigersoftware.com/123ABCH/INDEX.htm
www.tigersoftware.com/1111H/INDEX.htm
====================================================================================
Always CLICK REFRESH. To refresh -
Point mouse at page and Hold down Control Key and hit F-5.
===> Please report any broken or out-of-date links. william_schmidt@hotmail.com
===================================================================================
Friday Oct 21st 3:00 AM (PCT) Futures: DJI -138 NASDAQ -113 Data Used for 10/20/2022
| |
10/20
DJIA 30333.59 -90.22 -0.30%
S&P 500 3665.78 -29.38 -0.80%
Nasdaq 10614.84 -65.66 -0.61% |
|
| |
The S9-S12 warns us
to expect a retest of the lows despite the bullish
seasonality. With all the key
Peerless oscillators negative, upside volume
low, the major ETFs' Closing Powers
in decline, group leadership missing
and interest rates on the rise, I
would expect the bulls to hold back their
buying until we revisit the lower
bands.
See how QQQ and the NASDAQ are
significantly weaker than the DJI.
Note the negative relative strength
"NASDJI" in the NASDAQ chart and
the negative 50-day ITRS readings
for the ETFs. This shows by how much
they are under-performing the DJI
over this period. Since there may not
be another rally to the DJI's 3%
band, I would Sell short QQQ to honor the
Sell S9-S12.
Expect the bearish MINCPs to stay
weak even if there is a rally unless there
is an upside violation of the
falling 5-dma of our Tiger Bond Fund. That would
tell us that the rise in rates is
pausing. Watch also FAS. If the big banks Closing
Power falls to a new low, it will
be a bad sign for the DJI and the overall market.
FAS, GS and JPM were the engines
for the last rally. Now they are sputtering.
10-year rates have moved above 4%
with little hesitation. This is the point
at which the water starts to
boil and another group of long-term investors
may need to get out of
stocks. Because Inflation is still much higher, rates
must go higher if buyers are
to be found for the massive government debt.
At some point, I would expect
the bond funds go into a panic and free-fall.
This is what happened in
England. But for that to occur the Dollar will
have to turn down. That
has not happened yet. When it does, it's not
clear how the market will
hold up. |
|
| |
Charts - 10/20/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81020.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM KR LRCX MRK MRNA
MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV
SO QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-20/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-20/BEARISH.htm
|
|
===========================================================
|
---------------------------------------------------------------------------
 |
 |
 |
 |
--------------------------------------------------------------------------------------------------------
US. Dollar remains strong. This is what
allows FED to print so much money and
for U.S. deficits to be so high without
financial repercussions.
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
10/20
DJIA 30333.59 -90.22 -0.30
S&P 500 3665.78 -29.38 -0.80
Nasdaq 10614.84 -65.66 -0.61
Issues traded 3,315 3,363 3,402
Advances 979 776 2,317
Declines 2,194 2,455 951
Unchanged 142 132 134
New highs 37 33 29
New lows 412 310 934
Adv. volume* 380,786,016 228,872,674 880,647,425
Decl. volume* 539,717,132 670,162,738 179,586,807
Total volume* 935,183,477 906,071,910 1,068,017,104
Closing Arms (TRIN)† 0.49 0.95 0.61
Block trades* 5,176 4,901 5,487
Adv. volume 2,107,363,105 1,039,928,285 3,987,666,431
Decl. volume 2,320,947,961 3,132,320,631 991,855,142
Total volume 4,496,627,751 4,223,803,280 5,021,681,848
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,839 4,884 4,918
Advances 1,952 1,260 3,144
Declines 2,604 3,358 1,517
Unchanged 283 266 257
New highs 72 53 71
improving
New lows 372 323 958
Closing Arms (TRIN)† 0.75 0.56 0.76
Block trades 31,651 39,303 26,762
Adv. volume 2,296,195,981 1,969,729,738 3,851,251,254
Decl. volume 2,289,422,079 2,962,664,593 1,419,253,765
Total volume 4,628,014,716 4,955,099,158 5,300,089,299
|
Table 2 QUICKSILVER on ETFS - 10/20/2022
Bullish = 1 OIH
Bearish = 6 FAS, RETL, TECL, SOXL (lowest), TAN, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 303.31 -1.04 296.82 45.6% Bearish RED -.094 0 -----
---------------------------------------------------------------------------------------------
COMPQX 10614.84 -65.67 10321.39 -16.2% Bearish RED -.135 -.085 -.22
---------------------------------------------------------------------------------------------
SPY 365.41 -3.09 357.63 -7.7% Bearish RED -.148 -.04 -.188
---------------------------------------------------------------------------------------------
QQQ 269.11 -1.38 260.74 5.4% Bearish RED -.134 -.085 -.219
---------------------------------------------------------------------------------------------
MDY 413.07 -6.42 409.49 -79.9% Bearish RED -.082 -.026 -.108
---------------------------------------------------------------------------------------------
IWM 169.03 -2.18 166.81 -69.2% Bearish RED -.051 -.046 -.097
---------------------------------------------------------------------------------------------
FAS 57.94 -3.09 56.82 -151.1% Bearish RED -.097 -.207 -.304
---------------------------------------------------------------------------------------------
RETL 6.3 -.24 6.34 -509.1% Bearish RED -.04 -.376 -.416
---------------------------------------------------------------------------------------------
SOXL 7.7 .13 6.93 -201.5% Bearish ---- -.109 -.524 -.633
---------------------------------------------------------------------------------------------
TECL 22.1 0 19.95 78.8% Bearish ---- -.106 -.4 -.506
---------------------------------------------------------------------------------------------
IBB 117.58 -.95 119.58 -158.3% Bearish RED -.113 -.026 -.139
---------------------------------------------------------------------------------------------
GLD 151.45 -.24 152.98 -112.8% ------- RED -.116 -.002 -.118
---------------------------------------------------------------------------------------------
DBO 16.32 .06 16.31 -174.5% ------- RED -.009 .039 .03
---------------------------------------------------------------------------------------------
OIH 264 2.33 239.99 248.5% Bullish RED .138 .237 .375
---------------------------------------------------------------------------------------------
CPER 20.49 .5 20.54 -95.5% ------- BLUE -.26 .021 -.239
---------------------------------------------------------------------------------------------
TAN 65.37 -.73 66 -164.3% Bearish RED -.165 -.185 -.35
---------------------------------------------------------------------------------------------
UUP 30.37 .02 30.46 19.8% Bearish BLUE -.069 .17 .101
---------------------------------------------------------------------------------------------
CORN 27.34 .24 27.6 -91.2% Bearish BLUE -.124 .182 .058
---------------------------------------------------------------------------------------------
WEAT 8.71 .13 8.75 -160% Bearish ---- -.195 .129 -.066
---------------------------------------------------------------------------------------------
YINN 30.77 .37 32.75 -509.6% Bearish ---- -.183 -.425 -.608
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/20/22
Bullish = 2
Bearish = 47
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
OILGAS .65 .66 .556 .528 .443 .603
BIGBANKS .571 .571 .571 .571 .142 .142
-------------------------------------------------------------------------------------------
JETS .384 .23 .384 .153 .076 .076
COAL .333 .5 .666 .666 .5 .5
REGBANKS .32 .52 .6 .56 .52 .52
FOOD .306 .285 .285 .326 .326 .428
INDMATER .277 .291 .277 .222 .194 .263
SP-100 .255 .3 .311 .255 .2 .233
INSURANC .24 .52 .52 .44 .24 .4
RETAIL .234 .234 .297 .212 .17 .212
DOWJONES .233 .233 .233 .166 .133 .166
=====
COMODITY .23 .205 .23 .256 .282 .41
DJI-13 .23 .23 .23 .153 .153 .23
MILITARY .23 .269 .269 .153 .038 .153
FINANCE .225 .3 .362 .337 .262 .325
FIDSTKS .224 .278 .301 .248 .177 .23
CHINA .22 .18 .22 .2 .18 .18
CHEM .217 .282 .304 .217 .173 .217
TRANSP .21 .21 .263 .157 0 .157
INDEXES .2 .2 .232 .21 .189 .21
BIOTECH .198 .206 .269 .247 .198 .206
HACKERS .187 .187 .25 .125 .125 .125
LOWPRICE .185 .191 .202 .188 .166 .196
INFRA .181 .212 .303 .212 .151 .242
SP500 .181 .218 .25 .193 .137 .195
=====
RUS-1000 .169 .179 .205 .172 .134 .174
SOFTWARE .16 .16 .196 .125 .107 .125
ELECTRON .157 .142 .18 .15 .127 .15
GUNS .153 .153 .153 .153 .153 .153
HOSPITAL .142 .214 .214 .214 .071 .214
HIGHPRIC .136 .132 .16 .128 .097 .121
NIFTY .136 .159 .181 .113 .09 .136
AUTO .132 .169 .169 .169 .132 .15
GOLD .13 .108 .173 .13 .108 .239
COPPER .125 .25 .25 .375 0 .375
NASD-100 .12 .12 .15 .13 .09 .12
=====
SEMI .115 .094 .105 .094 .063 .094
ETFS .109 .09 .109 .109 .072 .072
REIT .107 .123 .13 .107 .084 .1
GAMING .105 0 .052 .052 0 0
GREEN .105 .157 .157 .157 .105 .105
COMPUTER .1 .05 .05 .1 .05 .1
BEVERAGE .071 .142 .214 .142 0 .142
HOMEBLDG .055 .055 .055 .055 .055 .055
UTILITY .052 .078 .131 .105 .105 .131
BONDFUND .011 .011 .011 .011 .011 0
EDU 0 0 .166 0 0 0
MARIJUAN 0 .1 .2 .2 0 .1
SOLAR 0 .062 .062 .062 .062 .062
|
====================================================================================
Thursday Oct 20th 6:05 AM (PCT) Futures: DJI +78 NASDAQ -10 Data Used
for 10/19/2022
| |
10/19
DJIA
30423.81 -99.99 -0.33
S&P 500
3695.16 -24.82 -0.67
Nasdaq
10680.51 -91.89 -0.85
|
|
| |
Today brought a reinforcing Sell S9 to the
yesterday's Sell S12. The internals
of the market remain very weak. Bonds broke down again as
the Ten-Year
Rates and Short-term Rates both moved up sharply. But the
futures show the
DJI up. With the DJI considerably stronger than the other
major ETFs,
I would prefer to short QQQ if the DJI closes above its 3.0%
band, near
31000. The main reason for delaying shorting is
Seasonality. Sell S9s and
S12s are rare in the second half of October because the DJI tends
to have
bottomed at this point and then starts to rise for a year-end
rally. The three
exceptions are shown below: 1966, 1973 and 1974. The
signals did bring
gains in these years.
Hedging with shorts from our Bearish MINCPs and going long some
of
bullish low priced MAXCPs is recommended currently.
|
|
| |
Charts - 10/19/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81019.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-19/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-19/BEARISH.htm
|
|
Table 1 Breadth Statistics
---------------------------------------
10/19
Last Chg %Chg
DJIA 30423.81 -99.99 -0.33
S&P 500 3695.16 -24.82 -0.67
Nasdaq 10680.51 -91.89 -0.85
NYSE Latest Close Previous Close Week Ago
Issues traded 3,363 3,363 3,351
Advances 776 2,299 1,224
Declines 2,455 912 1,973
Unchanged 132 152 154
New highs 33 40 8
New lows 310 115 464
Adv. volume* 228,872,674 810,758,359 391,905,121
Decl. volume* 670,162,738 175,637,055 486,916,955
Total volume* 906,071,910 1,006,580,746 890,426,485
Closing Arms (TRIN)† 0.95 0.51 0.73
Block trades* 4,901 5,133 4,871
Adv. volume 1,039,928,285 3,633,546,645 1,821,690,097
Decl. volume 3,132,320,631 730,418,833 2,137,444,741
Total volume 4,223,803,280 4,483,746,971 4,006,831,464
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,884 4,929 4,879
Advances 1,260 2,999 2,142
Declines 3,358 1,600 2,415
Unchanged 266 330 322
New highs 53 76 31
New lows 323 157 602
Closing Arms (TRIN)† 0.56 0.69 0.75
Block trades 39,303 36,218 20,992
Adv. volume 1,969,729,738 3,656,059,879 2,176,472,372
Decl. volume 2,962,664,593 1,341,075,163 1,850,906,168
Total volume 4,955,099,158 5,047,368,637 4,091,033,543
|
Table 2 QUICKSILVER on ETFS - 10/19/2022
Bullish = 1 OIH
Bearish = 6 RETL, TECL, SOXL (lowest), CPER, TAN, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 304.35 -1.12 300.56 203.6% Bearish ---- -.117 0 ======
---------------------------------------------------------------------------------------------
COMPQX 10680.51 -91.89 10649.15 124.6% Bearish RED -.146 -.073 -.219
---------------------------------------------------------------------------------------------
SPY 368.5 -2.63 365.97 164.2% Bearish RED -.165 -.032 -.197
---------------------------------------------------------------------------------------------
QQQ 270.49 -.99 268.82 146.8% Bearish BLUE -.159 -.075 -.234
---------------------------------------------------------------------------------------------
MDY 419.49 -7.4 419.77 103.5% Bearish RED -.105 -.008 -.113
---------------------------------------------------------------------------------------------
IWM 171.21 -2.96 171.4 115.9% Bearish RED -.063 -.028 -.091
---------------------------------------------------------------------------------------------
FAS 61.03 -3.04 59.77 655.2% Bearish RED -.108 -.135 -.243
---------------------------------------------------------------------------------------------
RETL 6.54 -.63 6.99 -139.4% Bearish RED -.041 -.32 -.361
---------------------------------------------------------------------------------------------
SOXL 7.57 .17 8 155.4% Bearish BLUE -.109 -.5 -.609
---------------------------------------------------------------------------------------------
TECL 22.1 -.18 21.76 508.7% Bearish BLUE -.112 -.376 -.488
---------------------------------------------------------------------------------------------
IBB 118.53 -4.18 121.41 -20.7% Bearish RED -.149 -.016 -.165
---------------------------------------------------------------------------------------------
GLD 151.69 -2.06 154.91 -139.4% Bullish RED -.079 -.021 -.1
---------------------------------------------------------------------------------------------
DBO 16.26 .35 16.89 -76.3% ------- BLUE -.017 .028 .011
---------------------------------------------------------------------------------------------
OIH 261.67 11.6 251.58 466.9% Bullish BLUE .123 .216 .339
---------------------------------------------------------------------------------------------
CPER 19.99 -.23 20.88 -155.7% Bearish ---- -.258 -.007 -.265
---------------------------------------------------------------------------------------------
TAN 66.1 -2.36 67.57 -58.9% Bearish RED -.182 -.158 -.34
---------------------------------------------------------------------------------------------
UUP 30.35 .22 30.25 -16.5% Bearish ---- -.082 .139 .057
---------------------------------------------------------------------------------------------
CORN 27.1 -.09 27.84 -109% ------- ---- -.146 .162 .016
---------------------------------------------------------------------------------------------
WEAT 8.58 -.09 8.99 -204% Bearish RED -.199 .116 -.083
---------------------------------------------------------------------------------------------
YINN 30.4 -4.45 34.19 -681.2% Bearish RED -.178 -.457 -.635
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/19/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
OILGAS .66 .556 .528 .443 .603 .471
BIGBANKS .571 .571 .571 .142 .142 0
INSURANC .52 .52 .44 .24 .4 .12
REGBANKS .52 .6 .56 .52 .52 .28
--------------------------------------------------------------------------------------------
COAL .5 .666 .666 .5 .5 .5
--------------------------------------------------------------------------------------------
FINANCE .3 .362 .337 .25 .325 .162
SP-100 .3 .311 .255 .2 .244 .177
INDMATER .291 .277 .222 .194 .263 .222
FOOD .285 .285 .306 .326 .469 .346
CHEM .282 .304 .239 .152 .239 .152
FIDSTKS .278 .301 .248 .177 .23 .171
MILITARY .269 .269 .153 .038 .153 .115
COPPER .25 .25 .375 0 .375 .375
RETAIL .234 .297 .212 .17 .255 .17
DOWJONES .233 .233 .166 .133 .2 .1
-----
DJI-13 .23 .23 .153 .153 .23 .076
JETS .23 .384 .153 .076 .076 .076
SP500 .218 .25 .193 .135 .2 .141
-----
HOSPITAL .214 .214 .214 .071 .214 0
INFRA .212 .303 .212 .151 .242 .212
TRANSP .21 .263 .157 0 .157 .105
BIOTECH .206 .267 .25 .198 .209 .179
COMODITY .205 .23 .23 .282 .461 .307
INDEXES .2 .232 .21 .189 .216 .183
LOWPRICE .193 .201 .19 .169 .198 .185
HACKERS .187 .25 .125 .125 .125 .125
CHINA .18 .22 .2 .18 .18 .18
RUS-1000 .179 .207 .174 .136 .179 .149
AUTO .169 .169 .169 .132 .15 .15
SOFTWARE .16 .214 .125 .107 .107 .089
NIFTY .159 .181 .113 .09 .136 .09
GREEN .157 .157 .157 .105 .105 .105
GUNS .153 .153 .153 .153 .153 .153
BEVERAGE .142 .214 .142 0 .142 .071
ELECTRON .142 .18 .15 .127 .15 .12
HIGHPRIC .132 .16 .128 .097 .132 .109
REIT .123 .123 .115 .092 .1 .092
NASD-100 .12 .15 .13 .09 .13 .09
-----
GOLD .108 .173 .13 .108 .239 .239
MARIJUAN .1 .2 .2 0 .1 0
SEMI .094 .105 .094 .063 .094 .094
ETFS .09 .109 .109 .072 .09 .072
UTILITY .078 .131 .105 .105 .131 .078
SOLAR .062 .062 .062 .062 .062 .062
HOMEBLDG .055 .055 .055 .055 .055 .055
COMPUTER .05 .05 .1 .05 .1 .1
BONDFUND .011 .011 .011 .011 .011 0
EDU 0 .166 0 0 0 0
GAMING 0 .052 0 .052 0 0
|
====================================================================================
Wednesday Oct 19th 5:30 AM (PCT) Futures: DJI -87
NASDAQ -35 Data Used for 10/18/2022
| |
10/18/2022
DJIA 30523.80
+337.98 1.12%
S&P 500 3719.98 +42.03
1.14%
Nasdaq 10772.40 +96.60
0.90% |
|
| |
Sell S12
Today did bring a Sell S12 from the current Peerless. We
also got a Sell S9
from the 2006 version of Peerless. These Sells were not
"clinched" with more
NYSE decliners than advancers, so another push upwards cannot be
ruled
out. But there are now so many bearish technical aspects to
the market, we
should probably not fuss over details and sell the DIA long
position taken
because of the earlier Buy B77 and short more of the bearish
MINCPs.
If this was really the start of a big rally, I would expect the
semi-conductors to
show some life. Instead, they remain dormant. I would
also expect the
Closing Powers to be rising. Instead, they are falling in
the case of the
NASDAQ (Compqx), DIA, SPY, QQQ, TECL, SOXL and also FAS.
See below. I would also expect a lot more new highs.
See Table 1. And
the percentage of DJI-30, SP-500 and NASDAQ stocks above their
30-week ma would be much higher. Finally, that NYSE volume
remains low.
See the OBV Line on the DJI chart below. This bodes badly
for the market's
chances of over-comings its over-head resistance.
The bulls are hoping that the FED will be moderating its lifting
of interest rates.
If that were the case, word has not reached the New York Times
which
speculated tonght how there may be two more 3/4% rate hikes not
far ahead.
Short-term rates rose today and are getting closer and closer to
4%. See
the chart of these rates below. And note, too, that our Tiger
Index of Bond
Funds could not rise back above its falling 5-day ma.
All these facts and bearish concerns argue that the rally we have
just seen is a
relief rally attempt based mostly on better than expected big
bank earnings,
but not on timely tips from "dovish" insiders at the
FED to Wall Street
professionals.
Short-term, we can see the overhead resistance from the way the
600 point gain
in the DJI a half hour before the opening was whittled at the
close back down to
338 points and this morning how the early +200 point Futures gain
in the
DJI has completely disappeared. Keen resistance is about
250 DJI points
higher. That would seem to be the ideal level to short DIA.
Meanwhile, short
more bearish MINCPs.
|
|
| |
Charts - 10/18/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81018.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-18/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-18/BEARISH.htm
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Table 1 Breadth Statistics
---------------------------------------
10/18
DJIA 30523.80 337.98 1.12
S&P 500 3719.98 42.03 1.14
Nasdaq 10772.40 96.60 0.90
NYSE Latest Close Previous Close Week Ago
Issues traded 3,363 3,351 3,379
Advances 2,299 2,670 1,392
Declines 912 552 1,827
Unchanged 152 129 160
New highs 40 43 14
New lows 115 120 580
Adv. volume* 810,758,359 893,897,673 466,245,184
Decl. volume* 175,637,055 54,813,666 610,303,141
Total volume* 1,006,580,746 951,365,876 1,089,027,780
Closing Arms (TRIN)† 0.51 0.35 1.20
Block trades* 5,133 4,870 5,292
Adv. volume 3,633,546,645 4,039,790,493 1,826,866,910
Decl. volume 730,418,833 294,080,343 2,872,190,353
Total volume 4,483,746,971 4,352,788,259 4,759,037,140
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,929 4,908 4,958
Advances 2,999 3,472 1,856
Declines 1,600 1,161 2,801
Unchanged 330 275 301
New highs 76 70 40
New lows 157 208 819
Closing Arms (TRIN)† 0.69 0.52 1.20
Block trades 36,218 22,542 22,221
Adv. volume 3,656,059,879 3,763,334,607 1,666,998,224
Decl. volume 1,341,075,163 657,399,251 3,025,454,951
Total volume 5,047,368,637 4,439,199,605 4,738,843,638
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Table 2 QUICKSILVER on ETFS - 10/19/2022
Bullish = 0
Bearish = 5 RETL, TECL, SOXL (lowest), TAN, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 305.47 3.41 292.16 222.1% Bearish RED -.101 0 =====
---------------------------------------------------------------------------------------------
COMPQX 10772.4 96.6 10417.1 164.9% Bearish RED -.14 -.078 -.218
---------------------------------------------------------------------------------------------
SPY 371.13 4.31 356.56 185.5% Bearish RED -.156 -.031 -.187
---------------------------------------------------------------------------------------------
QQQ 271.48 2.13 262.66 164.8% Bearish RED -.155 -.084 -.239
---------------------------------------------------------------------------------------------
MDY 426.89 6.11 410.85 168.2% ------- RED -.103 -.002 -.105
---------------------------------------------------------------------------------------------
IWM 174.17 2.04 167.26 190.8% Bearish RED -.053 -.027 -.08
---------------------------------------------------------------------------------------------
FAS 64.07 3.08 53.3 907.4% ------- RED -.091 -.086 -.177
---------------------------------------------------------------------------------------------
RETL 7.17 .33 6.73 274.5% Bearish RED -.042 -.337 -.379
---------------------------------------------------------------------------------------------
SOXL 7.4 .07 7.34 -114.3% Bearish RED -.125 -.57 -.695
---------------------------------------------------------------------------------------------
TECL 22.28 .55 19.95 516.8% Bearish RED -.111 -.391 -.502
---------------------------------------------------------------------------------------------
IBB 122.71 .22 119.03 189% Bearish RED -.117 -.001 -.118
---------------------------------------------------------------------------------------------
GLD 153.75 .33 155.99 -45.6% Bullish RED -.022 -.008 -.03
---------------------------------------------------------------------------------------------
DBO 15.91 -.37 16.51 -241.8% ------- RED -.023 .005 -.018
---------------------------------------------------------------------------------------------
OIH 250.07 3.69 238.76 223.1% Bullish BLUE .043 .175 .218
---------------------------------------------------------------------------------------------
CPER 20.22 -.25 20.63 -87.3% Bearish RED -.247 0 -.247
---------------------------------------------------------------------------------------------
TAN 68.46 1.85 66.89 -49.1% Bearish ---- -.208 -.128 -.336
---------------------------------------------------------------------------------------------
UUP 30.13 -.02 30.45 -52.7% Bearish ---- -.084 .129 .045
---------------------------------------------------------------------------------------------
CORN 27.19 -.12 27.7 -81.5% ------- ---- -.1 .172 .072
---------------------------------------------------------------------------------------------
WEAT 8.67 -.1 8.94 -224.6% ------- ---- -.112 .12 -.002
---------------------------------------------------------------------------------------------
YINN 34.85 -.75 35.1 -131.2% Bearish RED -.14 -.4 -.54
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/18/22
Bullish = 5
Bearish = 44
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .666 .666 .5 .5 .5 .5
REGBANKS .6 .56 .52 .52 .28 .32
BIGBANKS .571 .571 .142 .142 0 0
OILGAS .556 .528 .443 .603 .471 .452
INSURANC .52 .44 .24 .4 .12 .12
-----------------------------------------------------------------------------------------------
JETS .384 .153 .076 .076 .076 .076
FINANCE .362 .337 .25 .312 .187 .175
SP-100 .311 .255 .2 .244 .177 .188
CHEM .304 .239 .173 .217 .173 .239
INFRA .303 .212 .151 .242 .212 .242
FIDSTKS .301 .248 .177 .23 .171 .171
RETAIL .297 .212 .17 .255 .17 .212
FOOD .285 .306 .306 .469 .346 .326
INDMATER .277 .222 .194 .263 .222 .208
MILITARY .269 .153 .038 .153 .115 .153
BIOTECH .267 .247 .201 .209 .179 .19
TRANSP .263 .157 0 .157 .105 .105
COPPER .25 .375 0 .375 .375 .25
HACKERS .25 .125 .125 .125 .125 .125
SP500 .25 .193 .135 .197 .151 .153
-----
DOWJONES .233 .166 .133 .2 .1 .133
-----
INDEXES .232 .21 .189 .216 .183 .189
COMODITY .23 .23 .256 .461 .307 .307
DJI-13 .23 .153 .153 .23 .076 .076
CHINA .22 .2 .18 .18 .18 .18
BEVERAGE .214 .142 0 .142 .071 .071
HOSPITAL .214 .214 .071 .214 0 .142
SOFTWARE .214 .142 .107 .107 .089 .089
RUS-1000 .207 .177 .139 .182 .151 .146
LOWPRICE .203 .19 .171 .198 .185 .169
MARIJUAN .2 .2 0 .1 0 0
NIFTY .181 .113 .09 .136 .09 .113
ELECTRON .18 .15 .127 .15 .12 .12
GOLD .173 .13 .108 .239 .239 .217
AUTO .169 .169 .132 .15 .15 .132
EDU .166 0 0 0 0 0
HIGHPRIC .16 .128 .097 .132 .109 .109
GREEN .157 .157 .105 .105 .105 .105
GUNS .153 .153 .153 .153 .153 .153
NASD-100 .15 .13 .09 .13 .09 .09
-----
UTILITY .131 .105 .105 .131 .105 .131
REIT .123 .107 .1 .107 .084 .092
ETFS .109 .109 .072 .09 .09 .072
SEMI .105 .094 .063 .094 .084 .094
SOLAR .062 .062 .062 .062 .062 .125
HOMEBLDG .055 .055 .055 .055 .055 .055
GAMING .052 0 0 .052 0 0
COMPUTER .05 .1 .05 .1 .1 .1
BONDFUND .011 .011 .011 .011 .011 0
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====================================================================================
Tuesday Oct 18th 5:56 AM (PCT) Futures: DJI +600 NASDAQ +264 Data Used for 10/17/2022
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10/17/2022
DJIA 30185.82
550.99 +1.86
S&P 500 3677.95
94.88 +2.65
Nasdaq 10675.80 354.41
+ 3.43 |
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The Buy B77
seems to be working, to put it mildly. The upper 3.5%
band would normally be the
DJI's target. But professional insiders with
connections to the FED must
know something very bullish to be aggressive
buyers like this. Hold
DIA even though we will likely get a Sell S9 at
today's close. Octobers
at this point are bullish seasonally in the second
year of the Presidential
cycle for the next two weeks and a month,
64% and 57% of the time,
respectively..
With the DJI futures up
another 500 points, we are well above the point
at which we reach the 2.4%
band and get a Sell S9/S12. As you can
see from the Tiger Index of
Bond chart below, Bonds are close to breaking
their downtrend-line and
their 5-day ma. Such action would normally force us to
close out the bond short
sales. What's going on? Probably, the FED is
signalling that it will not
raise rates much, if anything, when the FOMC meets
in early November. The
10-year rates are above 4% and it may desire to
wait and see if Inflation
numbers turn down.
If we get a Sell signal tomorrow as
seems likely and the DJI is up more than
1% or 310 points, I think we should
not sell out our DIA position. We
might want to wait for the
news that is pushing the market to come out or
at least wait another day to
act on the S9 or S12. There are a lot of shorts
and this seems to be a
short-covering rally based on the low volume and
the way the market is being
made to rally even before the NYSE opens.
The tables below do not
easily offer a bullish interpretation. But this is
way too wild a market rally
to get in front of and wave "stop". Hold DIA
for now and cover the Bond
shorts.
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10/17/2022 - Charts
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81017.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-17/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-17/BEARISH.htm
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Tiger Index of Bond Funds - 6-month chart
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Table 1 Breadth Statistics
---------------------------------------
10/17
DJIA 29634.83 -403.89 -1.34%
S&P 500 3583.07 -86.84 -2.37%
Nasdaq 10321.39 -327.76 -3.0%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,318 3,402 3,315
Advances 605 2,317 496
Declines 2,597 951 2,704
Unchanged 116 134 115
New highs 29 29 19
New lows 218 934 397
Adv. volume* 116,218,458 880,647,425 85,451,391
Decl. volume* 828,635,381 179,586,807 907,944,832
Total volume* 949,159,726 1,068,017,104 997,330,614
Closing Arms (TRIN)† 1.50 0.61 1.71
Block trades* 5,142 5,487 5,494
Adv. volume 567,025,350 3,987,666,431 428,561,775
Decl. volume 3,650,458,573 991,855,142 4,004,759,064
Total volume 4,243,030,090 5,021,681,848 4,449,665,485
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,794 4,918 4,735
Advances 1,173 3,144 819
Declines 3,344 1,517 3,683
Unchanged 277 257 233
New highs 60 71 40
New lows 332 958 399
Closing Arms (TRIN)† 1.68 0.76 1.49
Block trades 21,968 26,762 22,771
Adv. volume 753,239,039 3,851,251,254 600,811,415
Decl. volume 3,603,871,295 1,419,253,765 4,013,225,796
Total volume 4,393,006,780 5,300,089,299 4,634,197,249
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Table 2 QUICKSILVER on ETFS - 10/17/2022
Bullish = 0
Bearish = 5 RETL, TECL, SOXL (lowest), TAN, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 302.06 5.24 292.29 171.3% Bullish BLUE -.071 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 10675.8 354.41 10426.19 63.8% Bearish BLUE -.081 -.078 -.159
---------------------------------------------------------------------------------------------
SPY 366.82 9.19 357.74 94.6% Bearish BLUE -.12 -.034 -.154
---------------------------------------------------------------------------------------------
QQQ 269.35 8.61 262.75 55.6% Bearish BLUE -.105 -.084 -.189
---------------------------------------------------------------------------------------------
MDY 420.78 11.29 412.94 101.6% ------- BLUE -.064 0 -.064
---------------------------------------------------------------------------------------------
IWM 172.13 5.32 167.72 132.6% ------- BLUE -.006 -.019 -.025
---------------------------------------------------------------------------------------------
FAS 60.99 4.17 53.74 448.9% ------- BLUE -.064 -.121 -.185
---------------------------------------------------------------------------------------------
RETL 6.84 .5 6.8 194.4% Bearish BLUE -.012 -.293 -.305
---------------------------------------------------------------------------------------------
SOXL 7.33 .4 7.57 -623% Bearish RED -.087 -.581 -.668
---------------------------------------------------------------------------------------------
TECL 21.73 1.78 20.14 148.2% Bearish BLUE -.075 -.408 -.483
---------------------------------------------------------------------------------------------
IBB 122.49 2.91 118.17 190.4% Bearish BLUE -.045 .011 -.034
---------------------------------------------------------------------------------------------
GLD 153.42 .44 155.16 -66.5% Bullish RED .009 .007 .016
---------------------------------------------------------------------------------------------
DBO 16.28 -.03 16.71 -269.1% ------- RED .002 .063 .065
---------------------------------------------------------------------------------------------
OIH 246.38 6.39 239.22 105.1% Bullish BLUE .055 .173 .228
---------------------------------------------------------------------------------------------
CPER 20.47 -.07 20.58 -65.3% Bullish RED -.218 .028 -.19
---------------------------------------------------------------------------------------------
TAN 66.61 .61 69.12 -256.1% Bearish RED -.197 -.135 -.332
---------------------------------------------------------------------------------------------
UUP 30.15 -.31 30.45 -46% Bearish RED -.089 .137 .048
---------------------------------------------------------------------------------------------
CORN 27.31 -.29 27.64 -83% Bullish RED -.074 .186 .112
---------------------------------------------------------------------------------------------
WEAT 8.77 .02 9.07 -327% Bearish RED -.123 .154 .031
---------------------------------------------------------------------------------------------
YINN 35.6 2.85 35.76 -473.8% ------- BLUE -.097 -.394 -.491
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/17/22
Bullish = 4
Bearish = 45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .666 .5 .5 .5 .5 .833
BIGBANKS .571 .142 .142 0 0 0
REGBANKS .56 .52 .52 .28 .36 .24
OILGAS .528 .443 .603 .471 .452 .518
===============================================================================================
INSURANC .44 .24 .4 .12 .12 .12
COPPER .375 0 .375 .375 .25 .25
FINANCE .337 .25 .312 .175 .175 .175
FOOD .306 .306 .448 .346 .326 .551
SP-100 .255 .2 .244 .177 .188 .155
FIDSTKS .248 .177 .23 .171 .171 .159
BIOTECH .247 .198 .212 .179 .192 .187
CHEM .239 .173 .239 .152 .26 .195
COMODITY .23 .256 .435 .307 .307 .512
INDMATER .222 .194 .263 .222 .208 .236
HOSPITAL .214 .071 .214 0 .142 .071
INFRA .212 .151 .242 .212 .242 .212
RETAIL .212 .17 .255 .17 .234 .148
INDEXES .21 .189 .216 .183 .189 .194
CHINA .2 .18 .18 .18 .18 .2
MARIJUAN .2 0 .1 0 0 0
LOWPRICE .193 .171 .201 .185 .174 .193
SP500 .193 .135 .197 .149 .161 .149
-----
RUS-1000 .177 .141 .184 .154 .149 .146
AUTO .169 .132 .15 .15 .132 .113
DOWJONES .166 .133 .2 .1 .133 .066
-----
GREEN .157 .105 .105 .105 .105 .105
TRANSP .157 0 .157 .105 .105 .105
DJI-13 .153 .153 .23 .076 .076 0
GUNS .153 .153 .153 .153 .153 .153
JETS .153 .076 .076 .076 .076 .153
MILITARY .153 .038 .153 .115 .153 .115
ELECTRON .15 .127 .15 .12 .112 .135
BEVERAGE .142 0 .142 .071 .142 0
SOFTWARE .142 .125 .107 .089 .089 .107
GOLD .13 .108 .239 .239 .217 .26
NASD-100 .13 .09 .13 .09 .1 .08
-----
HIGHPRIC .128 .097 .132 .109 .113 .113
HACKERS .125 .125 .125 .125 .125 .125
NIFTY .113 .09 .136 .09 .113 .113
ETFS .111 .074 .092 .092 .092 .074
REIT .107 .092 .115 .092 .084 .092
UTILITY .105 .105 .131 .105 .131 .131
COMPUTER .1 .05 .1 .1 .1 .1
SEMI .094 .063 .094 .084 .084 .115
SOLAR .062 .062 .062 .062 .125 .125
HOMEBLDG .055 .055 .055 .055 .111 .055
BONDFUND .011 .011 .011 .011 .011 0
EDU 0 0 0 0 0 0
GAMING 0 0 0 .052 0 .052
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====================================================================================
Monday Oct 17th 5:55 AM (PCT) Futures: DJI +309 NASDAQ +176 Data Used for 10/14/2022
| |
10/14/2022
DJIA 29634.83
-403.89 -1.34%
S&P 500 3583.07 -86.84
-2.37%
Nasdaq 10321.39 -327.76
-3.08% |
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A rally by
the DJI to its upper 3.0% band at 30,600 seems to be
developing. More than this
will be difficult because Peerless will likely
give a Sell S9 there, since
the breadth indicators, notably P-I, are too
negative to turn positive any
time soon.
The short-term Buy B77 is the
basis of this small measure of bullishness.
The Peerless Buy B14, as we
warned, was risky because of how
big the paper losses often
are.
More research this weekend
shows the best way to play the Buy B77
signal of Monday a week ago
was to wait for a successful turn upwards
on the next test of the
previous lows or the lower band to buy.
See http://tigersoftware.com/B77s/INDEX.html
But the same data also show
the new power of the professional traders who
operate on the NYSE with lots
of big bank money and little regulation
from the NYSE or the SEC.
Note that we do still have to be wary of
sudden reversals back
down when news turns bearish on inflation or
the rally encounters too much
resistance.
Trading the DJI in the
direction of its Closing Power now calls for being
long DIA. Only its
Closing Power 21-day ma is rising among the
major market ETFs. With
DIA, we also see a pronounced bullishness
of Closing Power for the last
10 trading days during which the DIA
rose 12.26 during the day
while falling 2.74 overnight.
The Professional buying in
DIA seems part of Wall Street's need
to prop up the appearance of
market strength and an effort to unload
lots of shares bought near
the recent lows at higher prices. The
heavy shorting gives these
same professionals fuel for a rally if they
can bring about over-night
strength and a sharp advance possibly
by "painting the
tape" during the day with their computerized trading.
This is easiest to do in a
"thin" market with lots of nervous shorts in it.
The professional buying we
are now seeing does not show that the FED
is done raising rates or
that most stocks will now advance. The
rate on the 10-year bond now
stands above 4%. Utilities are
in disarray and Bond
Funds are approaching free-fall. The
falling NYSE A/D Line shows
just how few buyers there now
are for most stocks.
The weak tech stocks' speculative energies have
all but dried up. We
get the same message from the fact that
only 18% of all stocks and
ETFs are above their 65-dma. See Table
3 below. There is no
group leadership available.
A manipulated rally in DIA
and the DJI are last resorts. They show
a desperation, in my view.
The OBV is most likely far too weak to
allow any advance now to
overcome the overhead resistance at the
upper band. So, stay
short some of the weakest bond funds
and some of the bearish
MINCPs in downtrends while holding long
DIA. The sell off on
Friday in NOC warns us to be wary of any
new highs not supported by a
high IP21. |
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10/14/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81014.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/10-14/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-14/BEARISH.htm
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Table 1 Breadth Statistics
---------------------------------------
10/14
DJIA 29634.83 -403.89 -1.34
S&P 500 3583.07 -86.84 -2.37
Nasdaq Composite 10321.39 -327.76 -3.08
NYSE Latest Close Previous Close Week Ago
Issues traded 3,318 3,402 3,315
Advances 605 2,317 496
Declines 2,597 951 2,704
Unchanged 116 134 115
New highs 29 29 19
New lows 218 934 397
Adv. volume* 116,218,458 880,647,425 85,451,391
Decl. volume* 828,635,381 179,586,807 907,944,832
Total volume* 949,159,726 1,068,017,104 997,330,614
Closing Arms (TRIN)† 1.50 0.61 1.71
Block trades* 5,142 5,487 5,494
Adv. volume 567,025,350 3,987,666,431 428,561,775
Decl. volume 3,650,458,573 991,855,142 4,004,759,064
Total volume 4,243,030,090 5,021,681,848 4,449,665,485
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,794 4,918 4,735
Advances 1,173 3,144 819
Declines 3,344 1,517 3,683
Unchanged 277 257 233
New highs 60 71 40
New lows 332 958 399
Closing Arms (TRIN)† 1.68 0.76 1.49
Block trades 21,968 26,762 22,771
Adv. volume 753,239,039 3,851,251,254 600,811,415
Decl. volume 3,603,871,295 1,419,253,765 4,013,225,796
Total volume 4,393,006,780 5,300,089,299 4,634,197,249
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Table 2 QUICKSILVER on ETFS - 10/14/2022
Bullish = 1 CORN
Bearish = 3 RETL, TECL, SOXL (lowest), YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 296.82 -3.74 291.96 65.5% Bullish RED -.05 0 ----
---------------------------------------------------------------------------------------------
COMPQX 10321.39 -327.76 10542.1 -157.1% Bearish RED -.065 -.095 -.16
---------------------------------------------------------------------------------------------
SPY 357.63 -8.34 360.02 -71.5% Bearish RED -.12 -.043 -.163
---------------------------------------------------------------------------------------------
QQQ 260.74 -8.08 266.41 -157.2% Bearish RED -.084 -.103 -.187
---------------------------------------------------------------------------------------------
MDY 409.49 -10.28 412.39 -44.2% ------- RED -.071 -.006 -.077
---------------------------------------------------------------------------------------------
IWM 166.81 -4.59 167.67 -53.4% Bearish RED -.002 -.026 -.028
---------------------------------------------------------------------------------------------
FAS 56.82 -2.95 55.97 2.7% ------- RED -.027 -.144 -.171
---------------------------------------------------------------------------------------------
RETL 6.34 -.65 6.58 -207.6% Bearish RED -.018 -.309 -.327
---------------------------------------------------------------------------------------------
SOXL 6.93 -1.07 8.28 -1410.9% Bearish RED -.04 -.593 -.633
---------------------------------------------------------------------------------------------
TECL 19.95 -1.81 21.12 -532.5% ------- RED -.044 -.439 -.483
---------------------------------------------------------------------------------------------
IBB 119.58 -1.83 117.95 31.1% Bearish RED -.044 .012 -.032
---------------------------------------------------------------------------------------------
GLD 152.98 -1.93 155.48 -157.2% Bullish RED .054 .008 .062
---------------------------------------------------------------------------------------------
DBO 16.31 -.58 17.18 -348% ------- RED .021 .079 .1
---------------------------------------------------------------------------------------------
OIH 239.99 -11.59 241.29 -149.8% Bullish RED .047 .186 .233
---------------------------------------------------------------------------------------------
CPER 20.54 -.34 20.74 48.5% Bullish RED -.151 .067 -.084
---------------------------------------------------------------------------------------------
TAN 66 -1.57 70.09 -366.2% Bearish RED -.117 -.116 -.233
---------------------------------------------------------------------------------------------
UUP 30.46 .21 30.43 26.3% Bearish BLUE -.087 .171 .084
---------------------------------------------------------------------------------------------
CORN 27.6 -.24 27.77 43.4% Bullish RED .033 .218 .251
---------------------------------------------------------------------------------------------
WEAT 8.75 -.24 9.36 -93.9% Bullish RED -.082 .159 .077
---------------------------------------------------------------------------------------------
YINN 32.75 -1.44 38.95 -1355.1% ------- RED -.106 -.437 -.543
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/14/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
REGBANKS .52 .52 .28 .36 .24 .24
=================================================================================================
COAL .5 .5 .5 .5 .833 .833
=================================================================================================
OILGAS .443 .603 .471 .452 .518 .613
FOOD .306 .448 .326 .326 .551 .571
COMODITY .256 .435 .282 .307 .512 .512
FINANCE .25 .312 .175 .162 .175 .175
INSURANC .24 .4 .12 .12 .12 .12
SP-100 .2 .244 .177 .188 .155 .144
BIOTECH .198 .209 .181 .192 .187 .217
INDMATER .194 .263 .222 .208 .236 .222
INDEXES .19 .217 .184 .19 .195 .217
CHINA .18 .18 .18 .18 .2 .22
FIDSTKS .177 .23 .171 .171 .159 .177
LOWPRICE .174 .201 .187 .174 .195 .23
CHEM .173 .239 .173 .239 .217 .195
RETAIL .17 .255 .17 .234 .148 .17
DJI-13 .153 .23 .076 .076 0 0
GUNS .153 .153 .153 .153 .153 .153
INFRA .151 .242 .212 .242 .212 .212
BIGBANKS .142 .142 0 0 0 0
RUS-1000 .141 .187 .156 .151 .144 .172
SP500 .135 .197 .149 .159 .155 .149
=====
DOWJONES .133 .2 .1 .133 .066 .033
=====
AUTO .132 .15 .15 .132 .132 .094
ELECTRON .127 .15 .12 .112 .127 .165
HACKERS .125 .125 .125 .125 .125 .187
SOFTWARE .125 .125 .089 .089 .107 .107
GOLD .108 .239 .239 .217 .26 .347
GREEN .105 .105 .105 .105 .105 .105
UTILITY .105 .131 .105 .131 .131 .131
HIGHPRIC .097 .132 .109 .113 .121 .132
REIT .092 .107 .1 .092 .084 .092
NASD-100 .09 .13 .09 .1 .1 .13
====
NIFTY .09 .136 .09 .113 .113 .113
JETS .076 .076 .076 .076 .153 .23
ETFS .072 .09 .09 .09 .09 .09
HOSPITAL .071 .214 0 .142 .071 .071
SEMI .063 .094 .084 .084 .105 .147
SOLAR .062 .062 .062 .125 .125 .125
HOMEBLDG .055 .055 .055 .111 .055 .166
COMPUTER .05 .1 .1 .1 .1 .1
MILITARY .038 .153 .115 .153 .115 .115
BONDFUND .011 .011 .011 .011 .011 .011
BEVERAGE 0 .142 .071 .142 .071 .071
COPPER 0 .375 .375 .25 .25 .375
EDU 0 0 0 0 0 0
GAMING 0 0 0 .052 .052 .052
MARIJUAN 0 .1 0 0 0 0
TRANSP 0 .157 .105 .105 .105 .157
|
==================================================================================
FRIDAY Oct 14th 5:54 AM (PCT) Futures: DJI +94 NASDAQ +34 Data Used for 10/13/2022
| |
10/14/2022
DJIA 30038.72 + 827.87
+ 2.83%
S&P 500 3669.91 +92.88
+2.60%
Nasdaq 10649.15 +232.05 +2.23% |
|
| |
Thursday we saw the biggest one day reversal of a breakdown and rally that
has probably ever occured. At least, I can't find another of this
magnitude of what we
saw today. When I finished writing the Hotline, the DJI was down more than
500
points. It immediately turned around, got back above the point of
breakdown
for many of the major ETFs (like QQQ and FAS) and then straight away shot
right
back above the previous day's close sending out a message in this for day
traders
to buy. And buy they did as the DJI rose 827 at the close. Much
of the
rally occurred because of short-covering as the shorts had added to their
already
big positions on the initial price breakdowns. And all this took place
despite
a just out CPI Report that disappointed economists once again by showing
an annual inflation rate still above 8%.
Why did this rally occur? Because the computerized buy programs all
salivated on how classic the reversal was, namely an early new low, a
reversal
back above the previous day's closing early in the day and huge short
positions
that could be "run in". The computerized traders went wild.
The SEC
and NYSE do not regulate them. They make a lot of money for Wall Street
firms like Goldman which leapt up +11.76 and was the biggest Dow stock
gainer of the day. And what helped GS was the announcement that big
mergers may be starting again. Kroger announced it wanted buy out
Albertson's.
With a match-maker fee of 10%, one can imagine that Wall Street will get
a collosal $2.5 billion for the deal if they can "arrange"
its approval with help
from the fund-raisers in the Biden Admin.and Democratic Party. We will
be watching how this plays out. Given the high rate of food inflation,
Krogers
in Cincinnati must be eerily confident that it can get the deal past the FTC.
Will the market keep rising? Our 2006 version of Peerless says,
"Not so
fast" and gave a Sell S3 at the close. Thursday's huge rally
took the DJI to a point
back above its 21-day ma. Such a recovery-rally has has not been
reached for
more than 30 trading days. From 1965 to 2006, such S3s were
profitable 70%
of the time.
Volume rose bullishly, however, today even though the rally was
narrowly focused
on the major market's biggest stocks. All 30 of the DJI-30 stocks
rose
while only 65.6% of all th active NYSE and NASDAQ stocks did.
Despite
the S3, I would expect the DJI to keep rising. It takes a lot of
new-found
confidence to bring about such a rally. At least, another 800
points seems
likely. Is that enough to trade and make money? Seemingly,
NO. But
there is another element.
Notice that when I place the Buy B77 short-term buy signal on the
screen
how this past year, the DJI always seems to have to fall back after the
initial
big jump back to its lower 3% band, whereupon it then makes a good
rally.
I looked back at the data since the year 2000 at the history of Buy
B77s.
There have been 18 prior to the most recent case. 10 would have
been
profitable to initiate Buys on. Not impressive in itself.
But in 8 cases, the
DJI exactly what it may be doing here, namely pulling back after the
initial
surge to the 3% band and then taking off. The earlier cases of
this are
3/7/01, 3/11/08, 5/26/2010, 8/10/2011, 9/26/2011,
3/25/2020,
3/25/2022 and 6/24/2022.
See http://tigersoftware.com/B77s/INDEX.html
I would be a buyer of some of our MAXCPs tonight and hedge with the
earlier shorts in the bearish MINCPs. The volatility in the major
market
ETFs is very high. DIA, however, is the most favored major market
ETF
now and could be bought because of the unreversed earlier Buy B14 and
the
bullishness of the just mentioned B77 pattern. Note its Closing
Power is
now considered rising. |
|
| |
10/13/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81013.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-13/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-13/BEARISH.htm |
|
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 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
10/13
DJIA 30038.72 827.87 2.83
S&P 500 3669.91 92.88 2.60
Nasdaq Composite 10649.15 232.05 2.23
Japan: Nikkei 225 26237.42 -159.41 -0.60
UK: FTSE 100 6850.27 24.12 0.35
Crude Oil Futures 89.10 -0.01 -0.01
NYSE Latest Close Previous Close Week Ago
Issues traded 3,402 3,351 3,356
Advances 2,317 1,224 1,000
Declines 951 1,973 2,204
Unchanged 134 154 152
New highs 29 8 28
New lows 934 464 163
Adv. volume* 880,647,425 391,905,121 228,771,344
Decl. volume* 179,586,807 486,916,955 697,859,545
Total volume* 1,068,017,104 890,426,485 938,847,615
Closing Arms (TRIN)† 0.61 0.73 1.20
Block trades* 5,487 4,871 5,060
Adv. volume 3,987,666,431 1,821,690,097 1,147,158,097
Decl. volume 991,855,142 2,137,444,741 3,041,690,822
Total volume 5,021,681,848 4,006,831,464 4,252,101,830
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,918 4,879 4,887
Advances 3,144 2,142 1,894
Declines 1,517 2,415 2,685
Unchanged 257 322 308
New highs 71 31 41
New lows 958 602 163
Closing Arms (TRIN)† 0.76 0.75 0.99
Block trades 26,762 20,992 24,464
Adv. volume 3,851,251,254 2,176,472,372 1,815,634,315
Decl. volume 1,419,253,765 1,850,906,168 2,547,630,672
Total volume 5,300,089,299 4,091,033,543 4,423,321,716
|
Table 2 QUICKSILVER on ETFS - 10/13/2022
Bullish = 2 OIH, CORN
Bearish = 3 TECL, SOXL (lowest), YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 300.56 8.4 292.97 22.6% Bullish BLUE -.016 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 10649.15 232.05 10652.41 -199.7% ------- BLUE -.062 -.075 -.137
---------------------------------------------------------------------------------------------
SPY 365.97 9.41 362.79 -99.8% ------- BLUE -.096 -.033 -.129
---------------------------------------------------------------------------------------------
QQQ 268.82 6.16 269.1 -204% ------- BLUE -.061 -.083 -.144
---------------------------------------------------------------------------------------------
MDY 419.77 8.92 413.15 -49.7% Bullish BLUE -.049 .001 -.048
---------------------------------------------------------------------------------------------
IWM 171.4 4.14 168.61 -68.6% Bullish BLUE .022 -.013 .009
---------------------------------------------------------------------------------------------
FAS 59.77 6.47 56.79 -116.6% Bullish BLUE .028 -.123 -.095
---------------------------------------------------------------------------------------------
RETL 6.99 .26 6.62 -125.4% ------- BLUE -.009 -.26 -.269
---------------------------------------------------------------------------------------------
SOXL 8 .66 9.21 -1829.5% ------- BLUE .007 -.545 -.538
---------------------------------------------------------------------------------------------
TECL 21.76 1.81 22.19 -836.4% ------- BLUE -.006 -.4 -.406
---------------------------------------------------------------------------------------------
IBB 121.41 2.38 118.84 -36.1% ------- BLUE -.017 .038 .021
---------------------------------------------------------------------------------------------
GLD 154.91 -1.08 157.88 -150.5% Bullish BLUE .009 .026 .035
---------------------------------------------------------------------------------------------
DBO 16.89 .38 17.49 -26.5% ------- BLUE .022 .076 .098
---------------------------------------------------------------------------------------------
OIH 251.58 12.82 247.29 58.8% Bullish BLUE .087 .169 .256
---------------------------------------------------------------------------------------------
CPER 20.88 .25 20.34 46.1% Bullish BLUE -.162 .077 -.085
---------------------------------------------------------------------------------------------
TAN 67.57 .68 71.05 -397.5% Bearish BLUE -.11 -.09 -.2
---------------------------------------------------------------------------------------------
UUP 30.25 -.2 30.3 11.5% Bearish RED -.107 .148 .041
---------------------------------------------------------------------------------------------
CORN 27.84 .14 27.36 136.3% Bullish BLUE .032 .236 .268
---------------------------------------------------------------------------------------------
WEAT 8.99 .05 8.92 44.2% Bullish BLUE -.104 .201 .097
---------------------------------------------------------------------------------------------
YINN 34.19 -.91 42.88 -1486% ------- BLUE -.082 -.404 -.486
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/13/22
Bullish = 2
Bearish = 46
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
OILGAS .603 .471 .452 .518 .603 .641
REGBANKS .52 .28 .36 .24 .24 .48
===============================================================================================
COAL .5 .5 .5 .833 .833 .833
===============================================================================================
FOOD .448 .326 .306 .551 .571 .551
COMODITY .435 .282 .282 .512 .512 .512
INSURANC .4 .12 .12 .12 .12 .2
COPPER .375 .375 .25 .25 .375 .5
FINANCE .312 .175 .162 .162 .175 .262
INDMATER .263 .222 .208 .236 .208 .347
RETAIL .255 .17 .234 .148 .17 .212
SP-100 .244 .177 .188 .155 .144 .166
INFRA .242 .212 .242 .212 .212 .242
CHEM .239 .173 .26 .195 .217 .239
GOLD .239 .239 .217 .26 .326 .608
DJI-13 .23 .076 .076 0 0 0
FIDSTKS .23 .171 .171 .159 .171 .236
INDEXES .216 .183 .189 .194 .216 .264
HOSPITAL .214 0 .142 .071 .071 .214
BIOTECH .209 .179 .195 .187 .217 .258
LOWPRICE .203 .187 .177 .195 .227 .259
DOWJONES .2 .1 .133 .066 .033 .033
-----
SP500 .197 .149 .159 .153 .149 .218
-----
RUS-1000 .187 .159 .154 .146 .167 .207
CHINA .18 .18 .18 .2 .22 .26
TRANSP .157 .105 .105 .105 .157 .21
GUNS .153 .153 .153 .153 .153 .153
MILITARY .153 .115 .153 .115 .115 .115
AUTO .15 .15 .132 .132 .113 .169
ELECTRON .15 .12 .112 .127 .157 .225
BEVERAGE .142 .071 .142 .071 .071 .285
BIGBANKS .142 0 0 0 0 .142
NIFTY .136 .09 .113 .113 .113 .204
HIGHPRIC .132 .109 .113 .121 .128 .203
UTILITY .131 .105 .131 .131 .131 .131
NASD-100 .13 .09 .1 .1 .14 .23
-----
HACKERS .125 .125 .125 .125 .187 .437
SOFTWARE .125 .107 .089 .107 .107 .25
REIT .107 .092 .1 .092 .084 .092
GREEN .105 .105 .105 .105 .105 .21
COMPUTER .1 .1 .1 .1 .1 .1
MARIJUAN .1 0 0 0 0 .6
SEMI .094 .084 .084 .105 .136 .2
ETFS .09 .09 .09 .09 .109 .09
JETS .076 .076 .076 .153 .23 .23
SOLAR .062 .062 .125 .125 .125 .125
HOMEBLDG .055 .055 .111 .055 .111 .222
BONDFUND .011 .011 .011 .011 .022 0
EDU 0 0 0 0 0 0
GAMING 0 0 0 .105 .052 .105
|
====================================================================================
THURSDAY Oct 13th 6:00 AM (PCT) Futures: DJI
-503 NASDAQ-310 Data Used for
10/12/2022
| |
10/12/2022
DJIA 29210.85
-28.34 -0.10%
S&P 500 3577.03 -11.81
-0.33%
Nasdaq 10417.10 -9.09
-0.09%
|
|
| |
History is bearishly repeating. The
credibility of the bulls is vanishng. That there
is little that looks bullish is no accident. This IS a bear
market.
Once again the CPI numbers came out above 8%. The very weak
Utilities (which
plunged Wednesday to a new yearly low), the breakout run upwards
of short-term
interest rates, the increasing number of new lows (Table 1)
below, the absence of
any groups showing a majority of their stocks abve the 65-dma
(Table 3), the new lows
made by the volatile semi-conductors and TECL and the way FAS
(financials)
is flirting with a key price breakdown - all these bearish signs
predicted another
higher than expected Inflationary set of numbers today.
Pretty clearly, it will pay to continue to be short numerous
Bearish MINCPs
and get out of FAS and HD. A 3/4% or higher rate hike
from the FED is
coming. The recent words of the NY Fed President Williams
were utterly
misleading. Their only purpose was to induce a short-covering
rally to help
New York market makers and others to reduce their long positions.
Williams'
credibility about Inflation is ebbing is very low now. But
we did warn not to
take him seriously and not to trust the recent Buy B14.
So stay short and avoid the long side as much as possible.
There is almost
no aspect of the market right now that points to a bottom.
The lone exception
is the bullish seasonality. If the market, i.e. the major
market indexes and
ETFs, keeps falling, it will be that much more bearish
since the decline
is taking place despite a bullish seasonality. (More on
this over the weekend.)
From Labor Dept today:
CONSUMER PRICE INDEX - SEPTEMBER 2022
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on
a
seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor
Statistics
reported today. Over the last 12 months, the all items index increased 8.2 percent before
seasonal
adjustment.
Increases in the shelter, food, and medical care indexes were the largest of many
contributors to
the monthly seasonally adjusted all items increase. These increases were partly offset by
a
4.9-percent decline in the gasoline index. The food index continued to rise, increasing
0.8 percent
over the month as the food at home index rose 0.7 percent. The energy index fell 2.1
percent over
the month as the gasoline index declined, but the natural gas and electricity indexes
increased. |
|
| |
10/12/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81012.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-12/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-12/BEARISH.htm |
|
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 ===========================================================================
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QQQ
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Table 1 Breadth Statistics
---------------------------------------
10/12/2022
DJIA 29210.85 -28.34 -0.10
S&P 500 3577.03 -11.81 -0.33
Nasdaq Composite 10417.10 -9.09 -0.09
NYSE Latest Close Previous Close Week Ago
Issues traded 3,351 3,379 3,346
Advances 1,224 1,392 974
Declines 1,973 1,827 2,242
Unchanged 154 160 130
New highs 8 14 32
New lows 464 580 122
Adv. volume* 391,905,121 466,245,184 336,249,580
Decl. volume* 486,916,955 610,303,141 576,118,947
Total volume* 890,426,485 1,089,027,780 919,538,564
Closing Arms (TRIN)† 0.73 1.20 0.70
Block trades* 4,871 5,292 5,396
Adv. volume 1,821,690,097 1,826,866,910 1,635,873,706
Decl. volume 2,137,444,741 2,872,190,353 2,625,683,225
Total volume 4,006,831,464 4,759,037,140 4,293,189,892
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,879 4,958 4,878
Advances 2,142 1,856 1,713
Declines 2,415 2,801 2,902
Unchanged 322 301 263
New highs 31 40 59
New lows 602 819 199
Closing Arms (TRIN)† 0.75 1.20 0.94
Block trades 20,992 22,221 19,974
Adv. volume 2,176,472,372 1,666,998,224 1,460,424,411
Decl. volume 1,850,906,168 3,025,454,951 2,334,144,952
Total volume 4,091,033,543 4,738,843,638 4,091,868,336
|
Table 2 QUICKSILVER on ETFS - 10/12/2022
Bullish = 0
Bearish = 3 TECL, SOXL (lowest), YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 292.16 -.13 299.23 -179.7% Bearish RED -.09 ----- ----
---------------------------------------------------------------------------------------------
COMPQX 10417.1 -9.09 11073.31 -339.7% Bearish RED -.064 -.058 -.122
---------------------------------------------------------------------------------------------
SPY 356.56 -1.18 373.2 -280.3% Bearish RED -.144 -.028 -.172
---------------------------------------------------------------------------------------------
QQQ 262.66 -.09 279.76 -355.1% Bearish RED -.111 -.066 -.177
---------------------------------------------------------------------------------------------
MDY 410.85 -2.09 423.89 -195% ------- RED -.082 .004 -.078
---------------------------------------------------------------------------------------------
IWM 167.26 -.46 173.72 -218.2% Bearish RED -.008 -.007 -.015
---------------------------------------------------------------------------------------------
FAS 53.3 -.44 61.08 -904.2% Bearish RED -.06 -.162 -.222
---------------------------------------------------------------------------------------------
RETL 6.73 -.07 7.16 -413.5% Bearish RED -.032 -.216 -.248
---------------------------------------------------------------------------------------------
SOXL 7.34 -.23 11.19 -2139.7% Bearish RED -.065 -.533 -.598 lowest
---------------------------------------------------------------------------------------------
TECL 19.95 -.19 25.4 -1327.2% Bearish RED -.08 -.391 -.471
---------------------------------------------------------------------------------------------
IBB 119.03 .86 122.27 -160% Bearish ---- -.026 .069 .043
---------------------------------------------------------------------------------------------
GLD 155.99 .83 159.63 -121.2% Bullish BLUE -.038 .049 .011
---------------------------------------------------------------------------------------------
DBO 16.51 -.2 16.98 -67.6% ------- RED -.024 .041 .017
---------------------------------------------------------------------------------------------
OIH 238.76 -.46 248.72 -135.4% Bullish BLUE .048 .102 .15
---------------------------------------------------------------------------------------------
CPER 20.63 .05 20.69 -180.8% Bullish ---- -.198 .078 -.12
---------------------------------------------------------------------------------------------
TAN 66.89 -2.23 73.14 -583.4% Bearish RED -.066 -.107 -.173
---------------------------------------------------------------------------------------------
UUP 30.45 0 30.18 94.2% Bearish ---- -.07 .172 .102
---------------------------------------------------------------------------------------------
CORN 27.7 .06 27.09 69.3% Bullish BLUE -.021 .251 .23
---------------------------------------------------------------------------------------------
WEAT 8.94 -.13 8.91 -93.7% Bullish ---- -.076 .203 .127
---------------------------------------------------------------------------------------------
YINN 35.1 -.66 46 -1442.9% Bearish RED -.117 -.363 -.48
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/12/22
No groups have a majority of stocks above their 65-dma.
This means there is an almost complete lack of leadersip.
Even oil as a group has dropped below 50%.
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .5 .5 .833 .833 .833 .833
OILGAS .471 .452 .518 .603 .641 .622
COPPER .375 .25 .25 .375 .5 .875
FOOD .326 .306 .53 .571 .551 .612
COMODITY .282 .282 .487 .512 .512 .641
REGBANKS .28 .36 .24 .24 .48 .48
GOLD .239 .217 .26 .326 .586 .543
INDMATER .222 .208 .236 .208 .347 .361
INFRA .212 .242 .212 .212 .272 .333
LOWPRICE .19 .177 .198 .227 .261 .248
INDEXES .183 .189 .194 .216 .264 .281
CHINA .18 .18 .2 .22 .26 .22
BIOTECH .179 .192 .19 .217 .258 .258
SP-100 .177 .188 .155 .144 .166 .233
FINANCE .175 .162 .162 .162 .262 .312
CHEM .173 .26 .217 .195 .26 .239
FIDSTKS .171 .171 .159 .171 .236 .289
RETAIL .17 .234 .148 .17 .212 .276
RUS-1000 .159 .156 .149 .169 .207 .212
GUNS .153 .153 .153 .153 .153 .23
AUTO .15 .132 .132 .113 .169 .169
SP500 .149 .159 .153 .147 .224 .256
----
HACKERS .125 .125 .125 .187 .375 .375
ELECTRON .12 .112 .127 .157 .218 .233
INSURANC .12 .12 .12 .12 .2 .32
MILITARY .115 .153 .115 .115 .115 .153
HIGHPRIC .109 .113 .121 .128 .21 .222
SOFTWARE .107 .107 .107 .107 .214 .214
GREEN .105 .105 .105 .105 .21 .21
UTILITY .105 .131 .131 .131 .131 .131
TRANSP .105 .105 .105 .157 .157 .157
COMPUTER .1 .1 .1 .1 .1 .15
DOWJONES .1 .133 .066 .033 .033 .1
----
REIT .092 .092 .1 .092 .084 .092
ETFS .09 .09 .09 .109 .109 .09
NASD-100 .09 .1 .1 .14 .23 .25
----
NIFTY .09 .113 .113 .113 .181 .204
SEMI .084 .084 .105 .136 .189 .2
DJI-13 .076 .076 0 0 0 .076
JETS .076 .076 .153 .23 .23 .153
BEVERAGE .071 .142 .071 .071 .357 .285
SOLAR .062 .125 .125 .125 .125 .187
HOMEBLDG .055 .111 .055 .111 .222 .222
BONDFUND .011 .011 .011 .022 .011 .011
BIGBANKS 0 0 0 0 .142 .285
EDU 0 0 0 0 0 0
GAMING 0 0 .052 .105 .105 .105
HOSPITAL 0 .142 .071 .071 .214 .214
MARIJUAN 0 0 0 0 .6 0
|
===================================================================================
WEDNESDAY Oct 12th 6:04 AM (PCT) Futures: DJI +29 NASDAQ+32 Data Used for 10/11/2022
| |
October 11
DJIA
29239.19 +36.31
+0.12%
S&P 500
3588.84 -23.55 -0.65%
Nasdaq
10426.19 -115.91 -1.10%
Crude Oil Futures
88.59 -2.54 -2.79% |
|
| |
The defensive DJI is doing a pretty good job of
holding up the general market while
the NASDAQ and Semi-conductors keep falling to new lows.
IWM and MDY as
well as the Dow Transports are also refusing to break down
despite the continuing
rise of interest rates and another new low by bonds.
Seasonality is quite good at this point. This may come as a
surprise, but since 1966,
in the second year after a Presidential Election the DJI has
risen 85.7% of the time over
the next month and averaged a gain of 3.5%
over this period. Perhaps, the Peerless
Buy B14 will be bailed out by a delinquent but decent rally.
As mentioned when it
occurred, a preliminary decline to 29000-30000 in the DJI would
be in keeping with
its track record of numerous paper losses over the last decade or
more.
Today, Janet Yellen, Treasury Secretary, predicted that any
economic decline ahead
would be small. Perhaps, she has inside information
about Thursday's CPI number
or knows better than most that the FED is under a lot of pressure
to backing off a
big October rate hike. Perhaps. Certainly, she is
simply saying what the Administration
wants and she hopes her words will influence the markets which in turn
will effect the
economic realities. Oil did fall pretty sharply today. In
any case, we'll find out about
Inflation and get the latest CPI numbers Thursday before the opening.
As you can see from Table 1 and Table 3, the number of new lows
way above the
the number of new highs. There are not many Bullish MAXCPs
and leadership-groups
shown in Table 3 have all but disappeared, except for sectors
which reflect Inflation.
With 75% of all stocks (and this includes some bearish negative
ETFs) below their
65-dma, there lots of over-head resistance.
(See DATA65 http://www.tigersoftware.com/CHARTZ/DATA65.GIF
.)
That resistance will be keenest not far above, at the DJI's
falling 21-dma. So, it's
not clear we will see a bigger rally in here unless volume
improves a lot. I've suggested
buying HD, FAS, NOC and leading biotechs on the expected weakness
we have
seen recently. This is risky because the CPI number we get
on Thursday could be
very disappointing. That is its recent pattern.
Accordingly, stay short Bonds and an assortment of the weakest
Bearish
MINCPs. (I try to put these at the top of the stocks shown
there most nights). |
|
| |
10/11/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81011.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-11/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/10-11/BEARISH.htm |
|
 |
 |
 |
 |
 
|
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
10/11/2022
DJIA 29239.19 36.31 0.12
S&P 500 3588.84 -23.55 -0.65
Nasdaq Composite 10426.19 -115.91 -1.10
Japan: Nikkei 225 26401.25 -714.86 -2.64
UK: FTSE 100 6885.23 -74.08 -1.06
Crude Oil Futures 88.59 -2.54 -2.79
NYSE Latest Close Previous Close Week Ago
Issues traded 3,379 3,330 3,410
Advances 1,392 1,034 2,838
Declines 1,827 2,142 452
Unchanged 160 154 120
New highs 14 25 30
New lows 580 426 78
Adv. volume* 466,245,184 209,536,640 1,029,954,176
Decl. volume* 610,303,141 610,932,946 40,288,645
Total volume* 1,089,027,780 833,306,757 1,078,364,003
Closing Arms (TRIN)† 1.20 1.69 0.30
Block trades* 5,292 5,110 6,021
Adv. volume 1,826,866,910 835,318,042 4,844,072,885
Decl. volume 2,872,190,353 2,925,620,188 234,975,362
Total volume 4,759,037,140 3,834,321,383 5,146,587,881
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,958 4,803 5,055
Advances 1,856 1,650 3,789
Declines 2,801 2,918 1,023
Unchanged 301 235 243
New highs 40 56 66
New lows 819 657 161
Closing Arms (TRIN)† 1.20 1.25 0.35
Block trades 22,221 19,583 27,239
Adv. volume 1,666,998,224 1,233,905,449 4,552,512,556
Decl. volume 3,025,454,951 2,723,076,321 425,809,583
Total volume 4,738,843,638 3,989,648,421 5,004,784,258
|
Table 2 QUICKSILVER on ETFS - 10/11/2022
Bullish = 0
Bearish = 5 FAS, TECL, RETL, SOXL (lowest), YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 292.29 .33 302.79 -182% Bearish BLUE -.105 0 -.105
---------------------------------------------------------------------------------------------
COMPQX 10426.19 -115.91 11148.64 -343.6% Bearish RED -.096 -.048 -.144
---------------------------------------------------------------------------------------------
SPY 357.74 -2.28 377.09 -273.2% Bearish RED -.158 -.02 -.178
---------------------------------------------------------------------------------------------
QQQ 262.75 -3.66 281.98 -351.2% Bearish RED -.134 -.058 -.192
---------------------------------------------------------------------------------------------
MDY 412.94 .55 427.15 -198.7% Bearish BLUE -.1 .01 -.09
---------------------------------------------------------------------------------------------
IWM 167.72 .05 174.7 -240.5% Bearish BLUE -.051 .005 -.046
---------------------------------------------------------------------------------------------
FAS 53.74 -2.23 63.84 -956.2% Bearish RED -.065 -.171 -.236
---------------------------------------------------------------------------------------------
RETL 6.8 .22 7.3 -476.8% Bearish BLUE -.068 -.218 -.286
---------------------------------------------------------------------------------------------
SOXL 7.57 -.71 11.42 -1696.3% Bearish RED -.075 -.513 -.588 ---
---------------------------------------------------------------------------------------------
TECL 20.14 -.98 26.05 -1161.8% Bearish RED -.098 -.386 -.484
---------------------------------------------------------------------------------------------
IBB 118.17 .22 122.87 -185.3% Bearish BLUE -.07 .075 -.005
---------------------------------------------------------------------------------------------
GLD 155.16 -.32 159.81 -174.5% Bullish RED -.078 .049 -.029
---------------------------------------------------------------------------------------------
DBO 16.71 -.47 16.74 97.3% ------- RED 0 .074 .074
---------------------------------------------------------------------------------------------
OIH 239.22 -2.07 245.38 86.6% Bullish BLUE -.011 .126 .115
---------------------------------------------------------------------------------------------
CPER 20.58 -.16 21.38 -119.9% ------- RED -.232 .074 -.158
---------------------------------------------------------------------------------------------
TAN 69.12 -.97 75.26 -627.9% Bearish BLUE -.016 -.062 -.078
---------------------------------------------------------------------------------------------
UUP 30.45 .02 29.88 141.3% Bearish ---- -.005 .19 .185
---------------------------------------------------------------------------------------------
CORN 27.64 -.13 27.32 74.9% Bullish ---- -.048 .23 .182
---------------------------------------------------------------------------------------------
WEAT 9.07 -.29 9.11 16.5% ------- RED -.067 .194 .127
---------------------------------------------------------------------------------------------
YINN 35.76 -3.19 47.27 -1185.9% Bearish RED -.125 -.355 -.48
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/11/22
Even oil and gas is slippling and cannot be considered to be a "leader-group"
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .5 .833 .833 .833 .833 .666
------------------------------------------------------------------------------------------------
OILGAS .452 .518 .603 .641 .622 .594
REGBANKS .36 .24 .24 .48 .48 .48
FOOD .306 .53 .551 .551 .632 .612
COMODITY .282 .487 .487 .512 .666 .641
CHEM .26 .217 .217 .239 .26 .304
COPPER .25 .25 .375 .5 .875 1
INFRA .242 .212 .212 .272 .333 .393
RETAIL .234 .148 .17 .212 .276 .297
GOLD .217 .26 .326 .586 .543 .76
INDMATER .208 .236 .208 .347 .361 .388
BIOTECH .192 .187 .22 .258 .258 .272
INDEXES .189 .194 .216 .264 .275 .281
SP-100 .188 .155 .144 .166 .233 .2
CHINA .18 .2 .22 .26 .22 .28
LOWPRICE .179 .198 .23 .261 .248 .243
FIDSTKS .171 .159 .171 .236 .289 .266
FINANCE .162 .162 .162 .25 .312 .35
SP500 .159 .153 .147 .222 .258 .262
-----
RUS-1000 .156 .151 .172 .21 .21 .212
GUNS .153 .153 .153 .153 .23 .23
MILITARY .153 .115 .115 .115 .153 .23
BEVERAGE .142 .071 .071 .357 .285 .285
HOSPITAL .142 .071 .071 .214 .214 .214
DOWJONES .133 .066 .033 .033 .1 .066
-----
AUTO .132 .132 .113 .169 .169 .188
UTILITY .131 .131 .131 .131 .131 .131
HACKERS .125 .125 .187 .375 .375 .312
SOLAR .125 .125 .125 .125 .187 .375
INSURANC .12 .12 .12 .2 .32 .36
HIGHPRIC .113 .121 .128 .21 .218 .226
NIFTY .113 .113 .113 .181 .204 .181
ELECTRON .112 .127 .157 .218 .233 .233
HOMEBLDG .111 .055 .111 .222 .222 .333
SOFTWARE .107 .125 .107 .214 .214 .214
GREEN .105 .105 .105 .21 .21 .263
TRANSP .105 .105 .157 .157 .157 .21
COMPUTER .1 .1 .1 .1 .15 .15
NASD-100 .1 .1 .14 .23 .25 .21
-----
REIT .092 .092 .1 .092 .084 .1
ETFS .09 .09 .109 .109 .109 .09
SEMI .084 .105 .136 .189 .189 .21
DJI-13 .076 0 0 0 .076 0
JETS .076 .153 .23 .23 .153 .23
BONDFUND .011 .011 .022 .011 .022 0
BIGBANKS 0 0 0 .142 .285 .285
EDU 0 0 0 0 0 0
GAMING 0 .052 .052 .157 .105 .157
MARIJUAN 0 0 0 .6 0 .3
|
====================================================================================
TUESDAY Oct 11th 6:07 AM (PCT) Futures: DJI
-55 NASDAQ-48 Data Used for 10/10/2022
| |
10/10/2022
DJIA 29202.88
-93.91 -0.32%
S&P 500 3612.39 -27.27
-0.75%
Nasdaq 10542.10 -110.30
-1.04% |
|
| |
There is little new
to report. That dullness is just the way maturing bear markets are.
If anything, the technicals
worsened today. There is no new Peerless Sell signal.
But, as least, the SP-500 has not
broken to a new like the NASDAQ did today.
The DJI is painfully testing its
lows, led by declines in UNH and MSFT. Still, the bulls may
gather for one more short-covering
bounce based on the CPI data for September to be
released Thursday before the
opening. This seems a desperate hope given how the
market has recently fallen when the
Jobs Report has been released. The number of
new lows to new highs is dismal
enough to keep us hedged with some of the many
bearish MINCPs we keep posting and
keep reappearing each night.
Utilities and Bonds are falling and
interest rates keep advancing. What is left to
rally? Not much. Only
about one half of the Oil Sector is still above the 65-dma.
A few biotechs are still near their
new highs. And NOC with a new stealth
fighter flies above 99% of the
other stocks. |
|
| |
10/10/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81010.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD - Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/10-10/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/10-10/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
10/10/2022
DJIA 29202.88 -93.91 -0.32
S&P 500 3612.39 -27.27 -0.75
Nasdaq Composite 10542.10 -110.30 -1.04
NYSE Latest Close Previous Close Week Ago
Issues traded 3,330 3,315 3,468
Advances 1,034 496 2,760
Declines 2,142 2,704 571
Unchanged 154 115 137
New highs 25 19 17
New lows 426 397 237
Adv. volume* 209,536,640 85,451,391 977,984,112
Decl. volume* 610,932,946 907,944,832 90,849,135
Total volume* 833,306,757 997,330,614 1,074,901,682
Closing Arms (TRIN)† 1.69 1.71 0.59
Block trades* 5,110 5,494 5,608
Adv. volume 835,318,042 428,561,775 4,255,160,698
Decl. volume 2,925,620,188 4,004,759,064 522,955,376
Total volume 3,834,321,383 4,449,665,485 4,806,681,467
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,803 4,735 5,045
Advances 1,650 819 3,445
Declines 2,918 3,683 1,278
Unchanged 235 233 322
New highs 56 40 56
New lows 657 399 378
Closing Arms (TRIN)† 1.25 1.49 0.65
Block trades 19,583 22,771 22,371
Adv. volume 1,233,905,449 600,811,415 3,509,919,283
Decl. volume 2,723,076,321 4,013,225,796 841,126,372
Total volume 3,989,648,421 4,634,197,249 4,415,447,327
|
Table 2
QUICKSILVER on ETFS - 10/10/2022 Bullish = 0
Bearish = 4 TECL, RETL, SOXL (lowest), YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 291.96 -1.01 303.14 -47.4% Bearish RED -.082 0 -----
---------------------------------------------------------------------------------------------
COMPQX 10542.1 -110.31 11176.41 -124.5% Bearish RED -.036 -.038 -.074
---------------------------------------------------------------------------------------------
SPY 360.02 -2.77 377.97 -88.7% Bearish RED -.121 -.014 -.135
---------------------------------------------------------------------------------------------
QQQ 266.41 -2.69 282.13 -128.4% Bearish RED -.088 -.044 -.132
---------------------------------------------------------------------------------------------
MDY 412.39 -.76 429.68 -10.4% Bearish RED -.103 .011 -.092
---------------------------------------------------------------------------------------------
IWM 167.67 -.94 176 -47% Bearish RED -.027 .007 -.02
---------------------------------------------------------------------------------------------
FAS 55.97 -.82 65.33 -220% Bearish RED -.033 -.157 -.19
---------------------------------------------------------------------------------------------
RETL 6.58 -.04 7.47 -7.1% Bearish RED -.066 -.192 -.258 ---
---------------------------------------------------------------------------------------------
SOXL 8.28 -.93 11.04 -675.4% Bearish RED -.062 -.471 -.533 ---
---------------------------------------------------------------------------------------------
TECL 21.12 -1.07 25.74 -466.2% Bearish RED -.042 -.362 -.404 ---
---------------------------------------------------------------------------------------------
IBB 117.95 -.89 122.65 -53.2% Bearish RED -.048 .062 .014
---------------------------------------------------------------------------------------------
GLD 155.48 -2.4 160.7 -92.6% Bullish RED -.077 .059 -.018
---------------------------------------------------------------------------------------------
DBO 17.18 -.31 16.38 410.7% ------- RED .004 .072 .076
---------------------------------------------------------------------------------------------
OIH 241.29 -6 235 312% ------- RED .004 .11 .114
---------------------------------------------------------------------------------------------
CPER 20.74 .4 21.08 48.1% ------- ---- -.188 .067 -.121
---------------------------------------------------------------------------------------------
TAN 70.09 -.96 78.36 -353.7% Bearish RED .013 -.069 -.056
---------------------------------------------------------------------------------------------
UUP 30.43 .13 29.6 70% Bearish ---- -.016 .187 .171
---------------------------------------------------------------------------------------------
CORN 27.77 .41 27.23 117.5% Bullish BLUE .007 .222 .229
---------------------------------------------------------------------------------------------
WEAT 9.36 .44 9.04 127.5% Bullish BLUE -.004 .218 .214
---------------------------------------------------------------------------------------------
YINN 38.95 -3.93 46.26 -258.2% Bearish RED -.093 -.327 -.42
---------------------------------------------------------------------------------------------
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/10/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 .833 .833 .666 .5
FOOD .53 .551 .53 .632 .591 .387
OILGAS .518 .603 .641 .622 .594 .396
----------------------------------------------------------------------------
COMODITY .487 .487 .487 .666 .615 .384
GOLD .26 .326 .586 .543 .739 .456
COPPER .25 .375 .5 .875 1 .375
REGBANKS .24 .24 .48 .48 .48 .2
INDMATER .236 .208 .347 .361 .388 .236
CHEM .217 .217 .26 .239 .326 .217
INFRA .212 .212 .272 .333 .393 .151
LOWPRICE .201 .23 .264 .248 .243 .19
CHINA .2 .22 .26 .22 .28 .18
INDEXES .194 .216 .264 .275 .281 .2
BIOTECH .187 .217 .261 .258 .272 .19
FINANCE .162 .162 .25 .3 .35 .137
FIDSTKS .159 .171 .236 .289 .266 .142
SP-100 .155 .144 .166 .233 .2 .122
GUNS .153 .153 .153 .23 .23 .076
JETS .153 .23 .23 .153 .23 0
SP500 .153 .147 .222 .256 .264 .129
RUS-1000 .151 .174 .212 .212 .215 .136
RETAIL .148 .17 .212 .276 .297 .148
AUTO .132 .113 .169 .169 .188 .094
UTILITY .131 .131 .131 .131 .131 .131
ELECTRON .127 .157 .218 .233 .233 .165
HACKERS .125 .187 .375 .375 .312 .187
SOFTWARE .125 .125 .214 .214 .214 .142
SOLAR .125 .125 .125 .187 .375 .25
HIGHPRIC .121 .128 .21 .218 .226 .14
INSURANC .12 .12 .2 .32 .36 .12
MILITARY .115 .115 .115 .153 .23 .115
NASD-100 .114 .145 .197 .239 .229 .135
NIFTY .113 .113 .181 .204 .181 .113
GREEN .105 .105 .21 .21 .263 .21
SEMI .105 .136 .189 .189 .2 .147
TRANSP .105 .157 .157 .157 .21 .105
COMPUTER .1 .1 .1 .15 .2 .1
REIT .092 .092 .1 .092 .092 .1
ETFS .09 .109 .109 .109 .109 .072
BEVERAGE .071 .071 .357 .285 .285 .214
HOSPITAL .071 .071 .214 .214 .214 0
DOWJONES .066 .033 .033 .1 .066 .033
HOMEBLDG .055 .111 .222 .222 .333 .055
GAMING .052 .052 .105 .157 .157 .052
BONDFUND .011 .022 .011 .022 .011 0
BIGBANKS 0 0 .142 .285 .285 0
DJI-13 0 0 0 .076 0 0
EDU 0 0 0 0 0 0
MARIJUAN 0 0 .6 0 .3 0
|
===================================================================================
MONDAY Oct 10th 6:00 AM (PCT) Futures: DJI +29 NASDAQ-16 Data Used for 10/7/2022
| |
10/07/2022
DJIA 29296.79 -630.15 -2.11%
S&P 500 3639.66 -104.86 -2.80%
Nasdaq 10652.40 -420.9 -3.80% |
|
| |
The
market chose to react badly to last weeks' Jobs Rep. The DJI could only tag the
falling 21-day ma on NY
FED President's reassurances that Inflation would be back down
to 2.5%-3% next year.
Cynics understood that he was just doing his job - trying to prop
up the market. I
warned that the Peerless Buy B14 had not been a reliable or safe signal
since the domination of
the market by fast-moving computerized trading of the major market
ETFs. The market,
as expected, turned quite weak and closed the price gap it recently
showed.
Now it may turn up in
hopes that this Thursday's CPI Report will show some improvement
in the FED's late
inflation-fight. But I don't think we can count on that. Recent CPI
reports have shown
inflation is becoming imbedded and that even a fall in fuel prices
would not cause the CPI
to drop much. And with crude oil on the rise again, how
confident can we be
that the FED is catching up with the CPI numbers and mastering
them?
Answer: we can't.
The Opening and Closing Powers for all the ETFs shown below
are both falling. The
5-day ma will turn down unless there is a big bounce today. There
remains no real bullish
leadership, except oil. (See Table 3 and Table 2). The big
ETFs' OBV are making
new lows, thus showing there is not enough volume to
eat up the large amount
of stocks offered not far above current price levels. The
volatile SOXL is now
quite weak. MSFT dropped sharply on Friday. And the
number of new lows is
much greater than the number of new highs.
So, only brave
short-term traders who are hedged with short-sales in falling
bond funds should try
to make a little by being long FAS or HD, both of which
fell badly on Friday.
The danger here is that the FED does mean what it says
and will be raising
rates more this year. Intermediate-term traders should be
short the weak bond
funds and some of the recent bearish MINCPs. |
|
| |
10/7/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81007.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/10-7/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/10-7/BEARISH.htm |
|
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Table 1 Breadth Statistics
---------------------------------------
10/7/2022
DJIA 29296.79 -630.15 -2.11%
S&P 500 3639.66 -104.86 -2.80%
Nasdaq 10652.40 -420.9 -3.80%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,315 3,356 3,360
Advances 496 1,000 1,380
Declines 2,704 2,204 1,817
Unchanged 115 152 163
New highs 19 28 4
New lows 397 163 485
Adv. volume* 85,451,391 228,771,344 652,333,738
Decl. volume* 907,944,832 697,859,545 888,449,556
Total volume* 997,330,614 938,847,615 1,564,736,701
Closing Arms (TRIN)† 1.71 1.20 1.11
Block trades* 5,494 5,060 5,671
Adv. volume 428,561,775 1,147,158,097 2,256,281,423
Decl. volume 4,004,759,064 3,041,690,822 3,304,771,097
Total volume 4,449,665,485 4,252,101,830 5,645,364,730
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,735 4,887 4,870
Advances 819 1,894 1,935
Declines 3,683 2,685 2,668
Unchanged 233 308 267
New highs 40 41 38
New lows 399 163 555
Closing Arms (TRIN)† 1.49 0.99 1.69
Block trades 22,771 24,464 24,018
Adv. volume 600,811,415 1,815,634,315 1,377,575,728
Decl. volume 4,013,225,796 2,547,630,672 3,217,666,743
Total volume 4,634,197,249 4,423,321,716 4,649,717,684
|
Table 2 QUICKSILVER on ETFS - 10/7/2022
Bullish = 0
Bearish = 2 SOXL, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 292.97 -6.26 294.79 95.3% Bearish RED -.052 0 -.052
---------------------------------------------------------------------------------------------
COMPQX 10652.41 -420.9 10815.44 35% Bearish RED .01 -.025 -.015
---------------------------------------------------------------------------------------------
SPY 362.79 -10.41 366.61 75.7% Bearish RED -.085 -.007 -.092
---------------------------------------------------------------------------------------------
QQQ 269.1 -10.66 273.53 33.2% Bearish RED -.05 -.032 -.082
---------------------------------------------------------------------------------------------
MDY 413.15 -10.74 413.27 137.1% ------- RED -.073 .012 -.061
---------------------------------------------------------------------------------------------
IWM 168.61 -5.11 169.29 107.4% ------- RED .013 .006 .019
---------------------------------------------------------------------------------------------
FAS 56.79 -4.29 58.66 212.8% Bearish RED -.008 -.128 -.136
---------------------------------------------------------------------------------------------
RETL 6.62 -.54 6.59 346.2% ------- RED -.038 -.184 -.222
---------------------------------------------------------------------------------------------
SOXL 9.21 -1.98 9.7 167.6% Bearish RED -.025 -.425 -.45
---------------------------------------------------------------------------------------------
TECL 22.19 -3.21 23.41 145.4% Bearish RED .001 -.323 -.322
---------------------------------------------------------------------------------------------
IBB 118.84 -3.43 119.24 77.8% Bearish RED -.024 .057 .033
---------------------------------------------------------------------------------------------
GLD 157.88 -1.75 158.43 101.2% Bullish RED -.062 .064 .002
---------------------------------------------------------------------------------------------
DBO 17.49 .51 15.81 712.2% ------- BLUE .051 .088 .139
---------------------------------------------------------------------------------------------
OIH 247.29 -1.43 226.28 773.2% Bullish RED .05 .171 .221
---------------------------------------------------------------------------------------------
CPER 20.34 -.35 20.54 -26.4% ------- RED -.182 .067 -.115
---------------------------------------------------------------------------------------------
TAN 71.05 -2.09 75.37 -170.3% Bearish RED .01 -.044 -.034
---------------------------------------------------------------------------------------------
UUP 30.3 .12 30.01 25% Bearish BLUE -.031 .166 .135
---------------------------------------------------------------------------------------------
CORN 27.36 .27 27.13 58.9% Bullish BLUE .031 .202 .233
---------------------------------------------------------------------------------------------
WEAT 8.92 .01 9.13 -126.8% Bullish ---- .015 .149 .164
---------------------------------------------------------------------------------------------
YINN 42.88 -3.12 41.26 250.6% ------- RED -.077 -.342 -.419
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/7/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 .833 .666 .5 .5
OILGAS .603 .641 .622 .594 .405 .207
FOOD .551 .53 .612 .591 .387 .244
COMODITY .487 .487 .641 .615 .384 .23
COPPER .375 .5 .875 1 .375 .125
GOLD .326 .586 .543 .739 .456 .195
REGBANKS .24 .48 .48 .48 .2 .12
LOWPRICE .232 .264 .251 .243 .19 .158
JETS .23 .23 .153 .23 0 0
INDEXES .221 .264 .275 .281 .194 .145
CHINA .22 .26 .22 .28 .18 .18
BIOTECH .217 .258 .261 .272 .195 .201
CHEM .217 .26 .26 .304 .26 .152
INFRA .212 .272 .333 .393 .151 .09
INDMATER .208 .347 .361 .388 .25 .138
HACKERS .187 .375 .375 .312 .187 .125
RUS-1000 .174 .215 .215 .217 .139 .113
FIDSTKS .171 .236 .289 .266 .147 .076
RETAIL .17 .212 .276 .297 .17 .085
FINANCE .162 .25 .3 .337 .162 .075
ELECTRON .157 .218 .233 .233 .157 .112
TRANSP .157 .157 .157 .21 .105 0
GUNS .153 .153 .23 .23 .076 .076
SP500 .147 .222 .256 .262 .139 .054
NASD-100 .144 .195 .226 .226 .134 .092
SP-100 .144 .166 .233 .2 .133 .044
SEMI .136 .189 .189 .2 .136 .105
UTILITY .131 .131 .131 .131 .131 .078
HIGHPRIC .128 .21 .218 .226 .14 .089
SOFTWARE .125 .232 .214 .214 .16 .125
SOLAR .125 .125 .187 .375 .25 .25
INSURANC .12 .2 .32 .36 .12 .12
MILITARY .115 .115 .153 .23 .115 0
AUTO .113 .169 .169 .188 .094 .075
NIFTY .113 .181 .204 .181 .113 .068
HOMEBLDG .111 .222 .222 .333 .055 0
ETFS .109 .109 .109 .109 .09 .036
GREEN .105 .21 .21 .263 .21 .105
COMPUTER .1 .1 .15 .2 .1 .1
REIT .092 .092 .1 .1 .092 .092
BEVERAGE .071 .357 .285 .285 .214 0
HOSPITAL .071 .214 .214 .214 0 0
GAMING .052 .105 .105 .21 .052 .052
DOWJONES .033 .033 .1 .066 .033 0
BONDFUND .022 .011 .022 .011 .011 0
BIGBANKS 0 .142 .285 .285 0 0
DJI-13 0 0 .076 0 0 0
EDU 0 0 0 0 0 0
MARIJUAN 0 .6 0 .3 0 0
|
===================================================================================
FRIDAY Oct 7th 6:10 AM (PCT) Futures: DJI
-224 NASDAQ-74 Data Used for 10/6/2022
| |
10/6/2022
DJIA
29926.94 -346.93 -1.15%
S&P 500
3744.52 -38.76 -1.02%
Nasdaq
11073.31 -75.33 -0.68%
|
|
| |
The Jobs Report, if it
shows another month of very positive net hiring, would
ordinarily start a two-trading day
rally. Here that would mean a move back to the
falling 21-day moving averages in
the major markets indexes and ETFs shown below.
The typical thinking would be that
as long as the US economy is still growing, a
"soft landing" cannot be
ruled out even with the FED raising rates. So, such a report
would also be good for
profits.
But, unfortunately, in the current
environment of market Fear and weak technicals,
it will probably be seen as more
reason for the FED to raise rates aggressively.
It is this latter response which
will be most important.
Just out: Labor Dept Reports: THE EMPLOYMENT SITUATION -- SEPTEMBER 2022
Total nonfarm payroll employment increased by 263,000 in September, and the unemployment
rate edged down to 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable
job gains occurred in leisure and hospitality and in health care.
----------------------------------------
....
Our Buy 77* tells us that the DJI
will be moving up now from just near 29,000
after closing the gap down and
making a small paper loss.
.
The Buy B14, on the other hand,
is, as I have said, highly problematic: first, because
its recent history shows mostly
very small gains and not infrequent sizeable
paper losses; second, volume on the
rally has been very low and third, because
the NY Fed's prediction of 2.5% or
3.0% inflation (CPI growth) next year
seems dubious, at best, but also
quite tendentious and desperate, as it tries to
encourage some buying of stocks and
bonds in an increasingly illiquid
market in a steady downtrend.
There is very little leadership
apart from oil shares and ETFs now. Table 3
has demonsrated this for some time.
The number of new lows remains
above new highs. (See Table 3).
Very few DJI, SP-500 and QQQ stocks
are above their 65-dma. So,
there is lots of overhead supply. And now
Semi-conductors, once the leaders
of the bull market, are rated "bearish"
again in Table 2 and Bonds have
resumed their long downtrend.
But there is seasonal hope.
Ordinarily, the most bullish nine months of the
market in the four-year
Presidential Cycle are from October of the 2nd
year, i.e. 2022, to June of the 3rd
year, i.e. 2023. History also shows
that the very strongest Biotechs
can often escape the confines of the
business cycle at times like these.
Accordingly, let me suggest buying on
weakness next week for the next
nine months four biotechs:
SNDX(26.24), RVNC (30.65),
AGYS (56.91) and VRTX (298.63)
Given the large number of new lows
and again-falling Bond Fund Index (See below)
short some more of the weakest
Bonds. |
|
| |
10/6/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81006.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/10-6/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/10-6/BEARISH.htm |
|
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| Strongest
Biotechs as this most interesting point in time. |
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Table 1 Breadth Statistics
---------------------------------------
10/6/2022
Last Chg %Chg
DJIA 29926.94 -346.93 -1.15
S&P 500 3744.52 -38.76 -1.02
Nasdaq 11073.31 -75.33 -0.68
NYSE Latest Close Previous Close Week Ago
Issues traded 3,356 3,346 3,396
Advances 1,000 974 558
Declines 2,204 2,242 2,702
Unchanged 152 130 136
New highs 28 32 8
New lows 163 122 820
Adv. volume* 228,771,344 336,249,580 127,360,076
Decl. volume* 697,859,545 576,118,947 875,141,167
Total volume* 938,847,615 919,538,564 1,006,016,681
Closing Arms (TRIN)† 1.20 0.70 1.10
Block trades* 5,060 5,396 4,950
Adv. volume 1,147,158,097 1,635,873,706 738,566,795
Decl. volume 3,041,690,822 2,625,683,225 3,919,789,936
Total volume 4,252,101,830 4,293,189,892 4,681,818,495
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,887 4,878 4,926
Advances 1,894 1,713 1,147
Declines 2,685 2,902 3,520
Unchanged 308 263 259
New highs 41 59 19
New lows 163 199 759
Closing Arms (TRIN)† 0.99 0.94 1.74
Block trades 24,464 19,974 21,877
Adv. volume 1,815,634,315 1,460,424,411 706,866,805
Decl. volume 2,547,630,672 2,334,144,952 3,781,794,889
Total volume 4,423,321,716 4,091,868,336 4,516,635,947
|
Table 2 QUICKSILVER on ETFS - 10/6/2022
Bullish = 0
Bearish = 2 SOXL, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 299.23 -3.56 287.3 118.6% Bearish RED .009 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11073.31 -75.33 10575.62 154.2% ------- RED .077 -.009 .068
---------------------------------------------------------------------------------------------
SPY 373.2 -3.89 357.18 141.3% Bearish RED -.016 .001 -.015
---------------------------------------------------------------------------------------------
QQQ 279.76 -2.22 267.26 143.3% ------- RED .005 -.017 -.012
---------------------------------------------------------------------------------------------
MDY 423.89 -3.26 401.66 233.7% Bullish RED -.018 .022 .004
---------------------------------------------------------------------------------------------
IWM 173.72 -.98 164.92 223% ------- RED .08 .018 .098
---------------------------------------------------------------------------------------------
FAS 61.08 -2.76 54.21 421.9% Bearish RED .047 -.076 -.029
---------------------------------------------------------------------------------------------
RETL 7.16 -.14 6.14 560.5% ------- RED 0 -.106 -.106
---------------------------------------------------------------------------------------------
SOXL 11.19 -.23 8.86 944.1% ------- RED .056 -.332 -.276 ---
---------------------------------------------------------------------------------------------
TECL 25.4 -.65 21.48 548.3% ------- RED .047 -.238 -.191
---------------------------------------------------------------------------------------------
IBB 122.27 -.6 116.96 194.8% ------- RED .093 .057 .15
---------------------------------------------------------------------------------------------
GLD 159.63 -.18 154.67 157.6% Bullish BLUE -.055 .058 .003
---------------------------------------------------------------------------------------------
DBO 16.98 .24 15.18 455.2% ------- BLUE .004 .024 .028
---------------------------------------------------------------------------------------------
OIH 248.72 3.34 211.21 809.7% Bullish BLUE .06 .148 .208
---------------------------------------------------------------------------------------------
CPER 20.69 -.69 20.45 4.8% ------- RED -.112 .056 -.056
---------------------------------------------------------------------------------------------
TAN 73.14 -2.12 73.61 -8.6% Bearish RED .044 .02 .064
---------------------------------------------------------------------------------------------
UUP 30.18 .3 30.15 5% Bearish BLUE -.071 .133 .062
---------------------------------------------------------------------------------------------
CORN 27.09 -.23 27.04 59% Bullish RED .016 .184 .2
---------------------------------------------------------------------------------------------
WEAT 8.91 -.2 9.15 -27.5% Bullish ---- .005 .155 .16
---------------------------------------------------------------------------------------------
YINN 46 -1.27 40.66 539.7% ------- RED -.036 -.353 -.389 ---
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/6/22
Bullish = 5
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 .666 .5 .5 .5
OILGAS .641 .622 .594 .405 .207 .188
MARIJUAN .6 0 .3 0 0 0
GOLD .586 .543 .739 .456 .195 .173
FOOD .53 .612 .571 .387 .244 .265
================================================================================================
COPPER .5 .875 1 .375 .125 0
================================================================================================
COMODITY .487 .641 .589 .384 .23 .256
REGBANKS .48 .48 .48 .2 .12 .16
HACKERS .375 .375 .312 .187 .125 .187
BEVERAGE .357 .285 .285 .214 0 0
INDMATER .347 .361 .388 .25 .138 .125
INFRA .272 .333 .393 .151 .09 .06
LOWPRICE .267 .251 .246 .19 .158 .158
INDEXES .264 .275 .281 .194 .145 .145
CHEM .26 .26 .326 .239 .173 .13
CHINA .26 .22 .28 .18 .18 .16
BIOTECH .258 .258 .275 .195 .206 .187
FINANCE .25 .3 .337 .15 .075 .1
FIDSTKS .236 .289 .266 .147 .076 .094
SOFTWARE .232 .232 .214 .16 .125 .142
JETS .23 .153 .23 0 0 0
HOMEBLDG .222 .222 .333 .055 0 0
SP500 .222 .256 .262 .137 .056 .076
ELECTRON .218 .233 .233 .157 .112 .135
RUS-1000 .215 .217 .22 .141 .111 .131
HOSPITAL .214 .214 .214 0 0 0
RETAIL .212 .276 .297 .17 .085 .148
GREEN .21 .21 .263 .21 .105 .157
HIGHPRIC .21 .218 .226 .14 .089 .093
INSURANC .2 .32 .36 .12 .12 .12
NASD-100 .195 .226 .216 .134 .092 .134
SEMI .189 .189 .2 .136 .105 .115
NIFTY .181 .204 .181 .113 .068 .068
AUTO .169 .169 .188 .094 .075 .075
SP-100 .166 .233 .2 .133 .044 .077
TRANSP .157 .157 .21 .105 0 0
GUNS .153 .23 .23 .076 .076 .076
BIGBANKS .142 .285 .285 0 0 0
UTILITY .131 .131 .131 .131 .078 .052
SOLAR .125 .187 .375 .25 .25 .25
MILITARY .115 .153 .23 .115 0 0
ETFS .109 .109 .109 .09 .054 .018
GAMING .105 .105 .157 .105 .052 .052
COMPUTER .1 .15 .2 .1 .1 .1
REIT .092 .092 .107 .1 .084 .092
DOWJONES .033 .1 .066 .033 0 .033
BONDFUND .011 .022 .011 .011 .011 0
DJI-13 0 .076 0 0 0 0
EDU 0 0 0 0 0 0
|
===================================================================================
THURSDAY Oct 6th 6:07 AM (PCT) Futures: DJI
-60 NASDAQ-4 Data Used for 10/5/2022
| |
10/5/2022
DJIA
30273.87 -42.45
-0.14%
S&P 500
3783.28 -7.65 -0.20%
Nasdaq
11148.64 -27.77
-0.25% |
|
| |
Volume is too low in the present rally to
make it trustworthy. (See the DJI's OBV
chart below. ) Why is that? Without more volume
and good earnings, it will be very
hard to eat up the overhead supply of stock and much more
back and filling will be
needed for now. A lot of traders are still too
frightened by the high CPI, rising rates
and such technicals as the high number of stocks still
making new lows and the small
number making new highs. Add to that, the
Europeon traders are dealing with weaker
economies which are more affected by rising energy
prices. And bonds keep
falling. What is worse?
Answer: the OPEC nations are realists. They want to
be paid more dollars for their oil if
the Dollar's value is going to be whittled away by
Inflation. Complaints by Admiral
Biden will not make it any easier for the twin ships, our
national economy and the
stock market. And if energy prices stay strong, so
will Inflation. This will be make
it much harder to justify the lowering of interest rates by
the FED as Wall Street
seems to expect for next year, judging from the mighty
October rally that the
President of the NY Fed ignited on Monday.
I suggested yesterday that our new Peerless Buy B14 on
Tuesday's close with
the DJI back above 30000 might be "bogus" and
dangerous given the rise in
oil stocks and the many big paper losses that past Buy B14s
entailed. Professional
buying did swoop in and end an early 400-point loss on
Wednesday. The "Pros"
may try to turn the market back up again today. At
this writing, the DJI is again
down in early pre-NYSE trading. A rally now would
also fit the recent pattern of the
market rising as the Jobs Report comes out and tells us
that the U.S. economy is
still strong. And it would be in keeping with the way
Octobers generally make nice
gains in the second year of a Presidential Election.
But this year, it has been the CPI report, next due a week
from now, October
13th, that has really hurt the market, because the reality
of inflation can then
not be hidden or avoided.
So, we "should" have time for the market (i.e.
the indexes and ETFs shown below)
to rise a bit more and reach the falling 21-day ma, perhaps
even on a closing
basis. Accordingly, I suggested a day ago avoiding
the short side and buying
FAS, the ETF that represents the big banks, on declines by
the DJI below 30000,
given its pivotal place in this October drama and because
its Closing Power is rising.
That still seems like a reaslistic plan.
I warned that the Buy B14 is not showing much strength
anymore, at least,
it has not since the 2011, but the new Buy B77* (the *
indicates the signal has not
yet been programmed) is still a reasonably
good signal, potentially. Let me explain.
The new Buy B77* is based on the DJI closing up more than
2.5% for any given day
but still closes below the 3% lower band of the 21-day ma.
In addition, we should
require the DJI's current Accumulation Index (IP21) be
above -.03. But to eliminate
premature Buys as in 2020 we should not apply it if the DJI
is down more than
8% below the 21-dma. Its AROC must also be below
-.70. This was true on
Monday. With B77* signals, weakness usually is seen
first and then there is a rally to
a Peerless Sell.
So, when we see a rally from an oversold market by 2.5% and
the DJI is still down
3% to 8% below its 21-dma, we should consider the Buy 77*.
It will be added
but treated only a minor and short-term signal.
Buy B77*s since 1929.
Gain when
Reversed by
Next Peerl. Sell
5/8/1930 +2.3%
6/30/1930 +5.1%
12/171932 +3.1%
12/1/1932 +8.4%
10/28/1937 +22.5%
|
|
| |
10/5/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81005.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/10-5/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/10-5/BEARISH.htm |
|
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
10/5/2022
DJIA 30273.87 -42.45 -0.14%
S&P 500 3783.28 -7.65 -0.20%
Nasdaq 11148.64 -27.77 -0.25%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,346 3,410 3,425
Advances 974 2,838 2,854
Declines 2,242 452 438
Unchanged 130 120 133
New highs 32 30 12
New lows 122 78 294
Adv. volume* 336,249,580 1,029,954,176 941,773,788
Decl. volume* 576,118,947 40,288,645 80,499,025
Total volume* 919,538,564 1,078,364,003 1,030,534,275
Closing Arms (TRIN)† 0.70 0.30 0.74
Block trades* 5,396 6,021 5,007
Adv. volume 1,635,873,706 4,844,072,885 4,179,014,137
Decl. volume 2,625,683,225 234,975,362 474,459,916
Total volume 4,293,189,892 5,146,587,881 4,684,850,066
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,878 5,055 4,926
Advances 1,713 3,789 3,674
Declines 2,902 1,023 1,003
Unchanged 263 243 249
New highs 59 66 31
New lows 199 161 365
Closing Arms (TRIN)† 0.94 0.35 0.62
Block trades 19,974 27,239 21,987
Adv. volume 1,460,424,411 4,552,512,556 3,866,894,140
Decl. volume 2,334,144,952 425,809,583 658,006,919
Total volume 4,091,868,336 5,004,784,258 4,556,109,413
|
Table 2 QUICKSILVER on ETFS - 10/5/2022
Bullish = 1 COPPER
Bearish = 1 YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 302.79 -.35 292.21 102.8% ------- BLUE .067 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11148.64 -27.77 10737.51 44.6% ------- BLUE .15 .011 .161
---------------------------------------------------------------------------------------------
SPY 377.09 -.88 362.79 89.4% ------- BLUE .044 .011 .055
---------------------------------------------------------------------------------------------
QQQ 281.98 -.15 271.87 37.1% ------- BLUE .062 .004 .066
---------------------------------------------------------------------------------------------
MDY 427.15 -2.53 404.48 172.6% Bullish BLUE .032 .023 .055
---------------------------------------------------------------------------------------------
IWM 174.7 -1.3 166.13 140.6% ------- BLUE .129 .021 .15
---------------------------------------------------------------------------------------------
FAS 63.84 -1.49 56.05 493.5% ------- BLUE .117 -.019 .098
---------------------------------------------------------------------------------------------
RETL 7.3 -.17 6.4 -117.4% ------- BLUE .061 -.052 .009
---------------------------------------------------------------------------------------------
SOXL 11.42 .38 9.29 637% Bullish BLUE .11 -.258 -.148
---------------------------------------------------------------------------------------------
TECL 26.05 .31 22.78 285.8% ------- BLUE .099 -.153 -.054
---------------------------------------------------------------------------------------------
IBB 122.87 .22 117.6 148.5% ------- BLUE .126 .046 .172
---------------------------------------------------------------------------------------------
GLD 159.81 -.89 154.66 163.4% Bullish BLUE -.048 .045 -.003
---------------------------------------------------------------------------------------------
DBO 16.74 .36 15.53 363.1% Bearish BLUE -.094 .023 -.071
---------------------------------------------------------------------------------------------
OIH 245.38 10.38 212.12 755.3% Bullish BLUE .067 .162 .229
---------------------------------------------------------------------------------------------
CPER 21.38 .3 20.67 244.9% Bullish BLUE .192 .09 .282 +++
---------------------------------------------------------------------------------------------
TAN 75.26 -3.1 73.27 -136.9% ------- RED .158 .083 .241
---------------------------------------------------------------------------------------------
UUP 29.88 .28 30.15 -64.9% Bearish ---- -.13 .089 -.041
---------------------------------------------------------------------------------------------
CORN 27.32 .09 26.77 101.9% Bullish BLUE -.067 .179 .112
---------------------------------------------------------------------------------------------
WEAT 9.11 .07 8.96 38.6% Bullish BLUE -.048 .137 .089
---------------------------------------------------------------------------------------------
YINN 47.27 1.01 41.32 194.1% ------- BLUE .018 -.343 -.325
|
Table 3
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/5/22
Bullish = 6 (All commodities and metals... Inflation is alive!)
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER .875 1 .375 .125 0 0
COAL .833 .666 .5 .5 .5 .5
COMODITY .641 .589 .358 .23 .256 .256
OILGAS .622 .594 .405 .207 .188 .216
FOOD .612 .571 .367 .244 .265 .285
GOLD .543 .739 .456 .195 .173 .152
==============================================================================================
REGBANKS .48 .48 .2 .12 .16 .28
HACKERS .375 .312 .187 .125 .187 .187
INDMATER .361 .388 .25 .138 .125 .18
INFRA .333 .393 .151 .09 .06 .09
INSURANC .32 .36 .12 .12 .12 .04
FINANCE .3 .337 .15 .062 .1 .2
FIDSTKS .289 .266 .147 .076 .094 .136
BEVERAGE .285 .285 .214 0 0 0
BIGBANKS .285 .285 0 0 0 0
INDEXES .281 .281 .194 .145 .145 .14
RETAIL .276 .297 .17 .085 .148 .212
CHEM .26 .326 .26 .152 .152 .152
BIOTECH .258 .272 .198 .206 .192 .22
SP500 .256 .262 .137 .054 .082 .127
=====
LOWPRICE .253 .246 .193 .158 .161 .166
ELECTRON .233 .233 .157 .112 .135 .165
SP-100 .233 .2 .133 .044 .077 .088
SOFTWARE .232 .232 .16 .125 .142 .142
GUNS .23 .23 .076 .076 .076 .076
NASD-100 .226 .216 .123 .092 .134 .164
====
HOMEBLDG .222 .333 .055 0 0 .055
CHINA .22 .28 .18 .18 .16 .2
HIGHPRIC .218 .226 .14 .089 .113 .136
RUS-1000 .217 .222 .144 .113 .131 .154
HOSPITAL .214 .214 0 0 0 0
GREEN .21 .263 .21 .105 .157 .21
NIFTY .204 .181 .113 .068 .068 .113
SEMI .189 .2 .136 .105 .105 .147
SOLAR .187 .375 .25 .25 .25 .375
AUTO .169 .188 .094 .075 .075 .094
TRANSP .157 .21 .105 0 0 .052
JETS .153 .23 0 0 0 .076
MILITARY .153 .23 .115 0 0 .115
COMPUTER .15 .2 .1 .1 .1 .1
UTILITY .131 .131 .131 .078 .052 .078
ETFS .109 .109 .09 .054 .036 .018
GAMING .105 .157 .052 .105 .052 .052
DOWJONES .1 .066 .033 0 .033 .033
====
REIT .092 .1 .107 .092 .084 .092
DJI-13 .076 0 0 0 0 0
BONDFUND .022 .011 .011 .011 .011 0
EDU 0 0 0 0 0 0
MARIJUAN 0 .3 0 0 0 .1
|
====================================================================================
WEDNESDAY Oct 5th 6:03 AM (PCT) Futures: DJI
-290 NASDAQ-115 Data Used for 10/4/2022
| |
9/4/2022
DJIA 30316.32 825.43
+2.80%
S&P 500 3790.93 112.50 +3.06%
Nasdaq 11176.41 360.97 +3.34% |
|
| |
Traders are taking profits from the last
two day's 5%+ jumps in the indexes and major
market ETFS. Unless Putin is about to quit office and end
his war on Ukraine, the huge
2-day jump seems very over-done, based as it was, largely
on the prediction by the head of
the New York Fed that inflation next year would be back down to
2.5%-3.0%. His
prediction may mean the FED will be moderating its rate
tightening, but as a prediction,
it seems dubious at best. As if to show the predicion of
inflation's quick disappearance is
highly unlikely, oil ETFs and shares were among the biggest
gainers today along with metals,
precious and base. Williams' comments were undoubtedly
meant to help his clientele,
New York banks and brokerages, sell off some of their inventory
of stocks bought as
the markets fell last week on little liquidity.
This HL's view casts doubts on today's Buy B14 from Peerless.
The signal itself occurred
because the ratio of NYSE up to down volume today was greater
than 18:1. In fact,
today the ratio was more like 40:1. Ridiculous!
This is clearly the result of computerized
trading. More and more, this trading has distorted the
daily figures. So, that the Buy B14
which has always had a problem with large paper losses, now
suffers from much smaller
gains than when it was created back in the 1980s. Here are
some statistics. Since 1929,
there have been 37 earlier B14s. The median gain is about
6%. 17 of the 37 cases showed
a paper loss between 1% and 7.78%. The loss was more than
4% in 5 cases. More
recently, since 2011, we see these Buy B14 statistics:
Gain Paper
Loss
8/15/2011 0.7%
5.79%
8/29/2011 0.2%
0
10/10/2011 5.8%
1.53%
10/27/2011 -0.9%
7.78%
11/282011 5.0%
0%
7/27/2012 3.8%
0%
12/31/2012 15.8%
0%
8/27/2015 6.4%
3.92%
7/18/2016 1.0%
0.6%
12/26/ 5.0%
0%
1/4/2019 2.7%
0%
A modified Buy B77, like the one discussed last
night, works better. More discussion
tomorrow about this.
For now, we see the most important major market ETFs
have broken their Closing
Power downtrends and must face next falling 21-day
moving averages. A retest of
30,000 would seem in order. Keep in mind that
in the "stop:go" 1970s, there
were several cases where the DJI whip-sawed back and
forth around the DJI's
20%-down-from-the-high level, now about 29500.
We have closed out our short positions and bought HD.
We will try to buy FAS
but should wait a day or two. The
strongest solar energy and bio techs in our
bullish MAXCPs should be bought, too. |
|
| |
10/4/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81004.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/10-4/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/10-4/BEARISH.htm |
|
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/4/2022
DJIA 30316.32 825.43 2.80%
S&P 500 3790.93 112.50 3.06%
Nasdaq 11176.41 360.97 3.34%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,410 3,468 3,431
Advances 2,838 2,760 1,579
Declines 452 571 1,687
Unchanged 120 137 165
New highs 30 17 15
New lows 78 237 893
Adv. volume* 1,029,954,176 977,984,112 485,245,957
Decl. volume* 40,288,645 90,849,135 493,051,220
Total volume* 1,078,364,003 1,074,901,682 995,582,852
Closing Arms (TRIN)† 0.30 0.59 0.85
Block trades* 6,021 5,608 4,750
Adv. volume 4,844,072,885 4,255,160,698 2,337,814,111
Decl. volume 234,975,362 522,955,376 2,134,342,368
Total volume 5,146,587,881 4,806,681,467 4,577,745,022
NASDAQ Latest Close Previous Close Week Ago
Issues traded 5,055 5,045 5,050
Advances 3,789 3,445 2,376
Declines 1,023 1,278 2,312
Unchanged 243 322 362
New highs 66 56 31
New lows 161 378 893
Closing Arms (TRIN)† 0.35 0.65 0.68
Block trades 27,239 22,371 22,089
Adv. volume 4,552,512,556 3,509,919,283 2,597,659,101
Decl. volume 425,809,583 841,126,372 1,727,391,546
Total volume 5,004,784,258 4,415,447,327 4,445,052,835
|
Table 2 QUICKSILVER on ETFS - 10/3/2022
Bullish = 1 TAN
Bearish = 1 YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 303.14 8.35 296.73 202.4% Bearish BLUE .033 --- -----
---------------------------------------------------------------------------------------------
COMPQX 11176.41 360.97 11051.64 160.6% ------- BLUE .1 .001 .101
---------------------------------------------------------------------------------------------
SPY 377.97 11.36 370.53 200.4% Bearish BLUE .019 .008 .027
---------------------------------------------------------------------------------------------
QQQ 282.13 8.6 279.94 139.9% ------- BLUE .03 -.008 .022
---------------------------------------------------------------------------------------------
MDY 429.68 16.41 412.91 340% ------- BLUE -.011 .029 .018
---------------------------------------------------------------------------------------------
IWM 176 6.71 169.94 337.4% ------- BLUE .082 .028 .11
---------------------------------------------------------------------------------------------
FAS 65.33 6.67 58.07 919.5% ------- BLUE .106 -.03 .076
---------------------------------------------------------------------------------------------
RETL 7.47 .88 7.46 539.9% ------- BLUE .044 -.142 -.098
---------------------------------------------------------------------------------------------
SOXL 11.04 1.34 10.17 642.9% ------- BLUE .065 -.309 -.244
---------------------------------------------------------------------------------------------
TECL 25.74 2.33 24.7 376% Bearish BLUE .063 -.196 -.133
---------------------------------------------------------------------------------------------
IBB 122.65 3.41 119.33 332.9% ------- BLUE .053 .053 .106
---------------------------------------------------------------------------------------------
GLD 160.7 2.27 154.69 295.9% Bullish BLUE -.104 .056 -.048
---------------------------------------------------------------------------------------------
DBO 16.38 .57 15.6 450.7% Bearish BLUE -.2 -.003 -.203
---------------------------------------------------------------------------------------------
OIH 235 8.72 212.24 755.6% ------- BLUE .006 .113 .119
---------------------------------------------------------------------------------------------
CPER 21.08 .54 20.37 316.7% ------- BLUE -.04 .087 .047
---------------------------------------------------------------------------------------------
TAN 78.36 2.99 77.33 162.5% ------- BLUE .184 .123 .307 +++
---------------------------------------------------------------------------------------------
UUP 29.6 -.41 30.27 -176.9% Bearish RED -.084 .093 -.009
---------------------------------------------------------------------------------------------
CORN 27.23 .1 26.77 109.8% Bullish ---- -.03 .21 .18
---------------------------------------------------------------------------------------------
WEAT 9.04 -.09 9.04 172.2% Bullish RED -.032 .18 .148
---------------------------------------------------------------------------------------------
YINN 46.26 5 45.6 259.5% ------- BLUE -.021 -.355 -.376
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/4/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 .375 .125 0 0 0
GOLD .739 .456 .195 .173 .152 .021
COAL .666 .5 .5 .5 .5 0
OILGAS .594 .405 .207 .188 .216 .103
COMODITY .589 .358 .205 .256 .256 .256
FOOD .571 .367 .224 .265 .285 .265
===============================================================================================
REGBANKS .48 .2 .12 .16 .28 .12
INFRA .393 .151 .09 .06 .09 .06
INDMATER .388 .25 .138 .125 .18 .055
SOLAR .375 .25 .25 .25 .375 .375
INSURANC .36 .12 .12 .12 .04 0
FINANCE .337 .15 .062 .087 .2 .125
HOMEBLDG .333 .055 0 0 .055 0
CHEM .326 .26 .173 .13 .173 .086
HACKERS .312 .187 .125 .187 .187 .187
MARIJUAN .3 0 0 0 .1 0
RETAIL .297 .17 .085 .148 .234 .106
BEVERAGE .285 .214 0 0 0 0
BIGBANKS .285 0 0 0 0 0
INDEXES .281 .194 .145 .145 .14 .135
CHINA .28 .18 .18 .16 .2 .22
BIOTECH .272 .195 .209 .192 .223 .168
FIDSTKS .266 .147 .076 .094 .136 .065
GREEN .263 .21 .105 .157 .21 .21
SP500 .262 .137 .054 .08 .131 .056
LOWPRICE .248 .193 .161 .161 .166 .145
ELECTRON .233 .157 .112 .135 .165 .127
SOFTWARE .232 .178 .125 .142 .142 .16
GUNS .23 .076 .076 .076 .076 .076
JETS .23 0 0 0 .076 .076
MILITARY .23 .115 0 0 .115 .076
HIGHPRIC .226 .14 .089 .113 .14 .074
RUS-1000 .222 .146 .116 .134 .154 .121
NASD-100 .216 .123 .082 .134 .175 .082
HOSPITAL .214 0 0 0 0 0
TRANSP .21 .105 0 0 .052 .052
COMPUTER .2 .1 .1 .1 .1 .1
SEMI .2 .136 .105 .105 .136 .115
SP-100 .2 .133 .044 .077 .088 0
AUTO .188 .094 .075 .075 .113 .056
NIFTY .181 .113 .068 .068 .113 .09
GAMING .157 .052 .052 .105 .052 .052
UTILITY .131 .131 .078 .052 .078 .052
ETFS .109 .09 .054 .036 .036 .018
REIT .1 .1 .1 .092 .084 .092
DOWJONES .066 .033 0 .033 .033 0
BONDFUND .011 .011 .011 .011 .011 0
DJI-13 0 0 0 0 0 0
EDU 0 0 0 0 0 0
|
===================================================================================
TUESDAY Oct 4th 6:04 AM (PCT) Futures: DJI +387 NASDAQ+211 Data Used for 10/3/2022
| |
10/3/2022 DJIA
29490.89 765.38
+ 2.66%
S&P 500 3678.43
92.81 +2.59%
Nasdaq 10815.43 239.82 +2.27% |
|
| |
We are not short the major market
ETFs, as it turns out for good reason. The shorts
among the bearish MINCPs, however, should be covered.
Buy HD. This was up
the most among the DJI-30 and stands to gain most
from a pivot by the FED to a
more dovish stance. We will be looking for a
time to buy FAS. Today's rally
shows how strong the Wall Street Professionals' role
is in the FED and in the management
of monetary policy.
A newly created Buy signal based simply on the DJI
closing up more than 2.5% and
still below its 3% lower band has been partly tested
tonight on the data since the year
2000. We will tonight call it simply a Buy B77.
It occurred about 10 times. Only in
one of those cases, would we have seen a loss from
it. That was near the end of
the Bear Market in February 2009. Otherwise, it
was excellent. I will further test it and report
the results tomorrow. Obviously, traders
knowing this rule would have been helped
to take long positions when the DJI rose much more
than was expected simply
because of its oversold-status and it now being
October when good gains ultimately
shape up.
What produced the huge rise today and is having
continung bullish repercussions was the
prediction that Inflation would fall to 2.5% to
3% in 2023 by the real Number Two man
in the Federal Reserve, by John- Williams, the
President of the New York Federal Reserve.
Whether he will be right or wrong, Wall Street fund
managers and others cannot ignore
such a bullish prediction by someone so high up
in the FED. A return to a normal rate
of inflation would logically mean normal
interest rates PLUS a soft landing for the economy.
Prices had to rise Monday big-time to reflect
this prediction by such a powerful
Fed official. It strongly implies that
the FED is looking for reasons to moderate
its increases in rates. We have been
talking about the signs that this was true.
The Fed Chairman himself could not say it, for
fear of looking two-faced after
his bearish stances of the last month, but the
message is clear, the FED is listening
to all those who want it to moderate its
hawkishness.
Technically, our regular Peerless Indicators
did show a much more positive IP21
than the DJI's decline to a new low last Friday
seemed to warrant. But the real
tip-off should have been the much improved
level of the Closing Power on the
recent test of the lows in the key charts shown
below. Peerless does not factor
in Closing Power in its signals.
Accordingly, all I could predict Sunday night
was a bounce and a brief recovery.
The size of the rally reflects the importance
of William's comments. The FED is
in all likelihood, pivoting into a much less
hawkish position.
Since the NASDAQ, MDY and IWM failed to make a
new low and showed
a wide divergence in their rising Closing
Powers, I would expect them to
rise the most in the current rally. But
jumping in now with the DJI up 300 is
not recommended. I would close out our
short sales, though. Note that the
TigerSoft indexes of Bonds has given a new Buy
signal.
The new Buy signal needs more testing.
The results of this I will show tomorrow
night. |
|
10/3/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD81003.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/10-3/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/10-3/BEARISH.htm |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| |
Table 1 Breadth Statistics
---------------------------------------
10/3/2022
DJIA 29490.89 765.38 2.66%
S&P 500 3678.43 92.81 2.59%
Nasdaq 10815.43 239.82 2.27%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,468 3,360 3,437
Advances 2,760 1,380 572
Declines 571 1,817 2,715
Unchanged 137 163 150
New highs 17 4 11
New lows 237 485 1083
Adv. volume* 977,984,112 652,333,738 125,387,680
Decl. volume* 90,849,135 888,449,556 916,846,943
Total volume* 1,074,901,682 1,564,736,701 1,056,661,213
Closing Arms (TRIN)† 0.59 1.11 1.35
Block trades* 5,608 5,671 4,964
Adv. volume 4,255,160,698 2,256,281,423 647,320,597
Decl. volume 522,955,376 3,304,771,097 4,159,648,234
Total volume 4,806,681,467 5,645,364,730 4,886,140,997
NASDAQ Latest Close Previous Close Week Ago
Issues traded 5,045 4,870 5,073
Advances 3,445 1,935 1,433
Declines 1,278 2,668 3,312
Unchanged 322 267 328
New highs 56 38 24
New lows 378 555 982
Closing Arms (TRIN)† 0.65 1.69 1.10
Block trades 22,371 24,018 26,743
Adv. volume 3,509,919,283 1,377,575,728 1,315,523,505
Decl. volume 841,126,372 3,217,666,743 3,334,926,450
Total volume 4,415,447,327 4,649,717,684 4,697,734,761
|
Table 2 QUICKSILVER on ETFS - 10/3/2022
Bullish = 1 TAN
Bearish = 5 RETL, SOXL, TECL, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 294.79 7.49 291.3 35.4% Bearish BLUE -.055 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 10815.44 239.82 10829.5 5.8% Bearish BLUE .032 -.01 .022
---------------------------------------------------------------------------------------------
SPY 366.61 9.43 363.38 31.6% Bearish BLUE -.061 .004 -.057
---------------------------------------------------------------------------------------------
QQQ 273.53 6.27 274.48 -15.4% Bearish BLUE -.032 -.018 -.05
---------------------------------------------------------------------------------------------
MDY 413.27 11.61 402.01 144.5% Bearish BLUE -.091 .021 -.07
---------------------------------------------------------------------------------------------
IWM 169.29 4.37 164.73 154.2% Bearish BLUE .001 .019 .02
---------------------------------------------------------------------------------------------
FAS 58.66 4.45 54.96 263.4% Bearish BLUE .019 -.085 -.066
---------------------------------------------------------------------------------------------
RETL 6.59 .45 6.75 30% Bearish BLUE -.046 -.24 -.286
---------------------------------------------------------------------------------------------
SOXL 9.7 .84 9.81 78.6% Bearish BLUE -.014 -.374 -.388
---------------------------------------------------------------------------------------------
TECL 23.41 1.93 23.99 -98.4% Bearish BLUE -.006 -.254 -.26
---------------------------------------------------------------------------------------------
IBB 119.24 2.28 114.82 249.9% Bearish BLUE -.001 .049 .048
---------------------------------------------------------------------------------------------
GLD 158.43 3.76 151.54 234.7% Bullish BLUE -.17 .062 -.108
---------------------------------------------------------------------------------------------
DBO 15.81 .63 14.99 375.1% Bearish RED -.264 .007 -.257
---------------------------------------------------------------------------------------------
OIH 226.28 15.07 202.82 663.4% Bearish BLUE -.032 .148 .116
---------------------------------------------------------------------------------------------
CPER 20.54 .09 19.79 178% ------- BLUE -.091 .1 -.009
--------------------------------------------------------------------------------------------
TAN 75.37 1.76 75.92 68.1% ------- BLUE .162 .122 .284
---------------------------------------------------------------------------------------------
UUP 30.01 -.14 30.67 -107% Bearish RED .034 .13 .164
---------------------------------------------------------------------------------------------
CORN 27.13 .09 26.64 97.1% Bullish RED -.014 .261 .247
---------------------------------------------------------------------------------------------
WEAT 9.13 -.02 8.73 292.2% Bullish RED -.013 .242 .229
---------------------------------------------------------------------------------------------
YINN 41.26 .6 44.05 -491.6% Bearish BLUE -.079 -.384 -.463
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
10/3/22
Still no group leadershio here.
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .5 .5 .5 .5 0 0
GOLD .456 .195 .173 .152 .021 .021
OILGAS .405 .207 .188 .216 .103 .084
COPPER .375 .125 0 0 0 0
FOOD .367 .224 .244 .285 .265 .265
COMODITY .358 .205 .23 .256 .256 .23
CHEM .26 .173 .152 .152 .108 .086
INDMATER .25 .138 .125 .18 .055 .041
SOLAR .25 .25 .25 .375 .375 .25
BEVERAGE .214 0 0 0 0 0
GREEN .21 .105 .157 .21 .21 .157
REGBANKS .2 .12 .16 .28 .12 .32
BIOTECH .195 .206 .195 .223 .17 .137
LOWPRICE .195 .161 .164 .166 .142 .126
INDEXES .194 .145 .145 .14 .135 .135
HACKERS .187 .125 .187 .187 .187 .187
CHINA .18 .18 .16 .2 .22 .2
SOFTWARE .178 .142 .142 .142 .16 .142
RETAIL .17 .085 .148 .234 .127 .106
ELECTRON .157 .112 .135 .165 .12 .12
INFRA .151 .09 .06 .09 .06 .06
FINANCE .15 .062 .087 .187 .125 .237
FIDSTKS .147 .076 .094 .136 .065 .053
RUS-1000 .146 .118 .136 .156 .118 .098
HIGHPRIC .14 .089 .113 .14 .074 .05
SP500 .137 .054 .08 .129 .06 .058
-----
SEMI .136 .105 .105 .136 .105 .105
SP-100 .133 .044 .077 .088 .011 .033
UTILITY .131 .078 .052 .078 .052 .052
NASD-100 .123 .082 .123 .175 .082 .072
-----
INSURANC .12 .12 .12 .04 0 0
MILITARY .115 0 0 .115 .076 .076
NIFTY .113 .068 .068 .113 .09 .068
TRANSP .105 0 0 .052 .052 0
COMPUTER .1 .1 .1 .1 .1 .1
REIT .1 .092 .1 .092 .084 .092
AUTO .094 .075 .075 .113 .056 .075
ETFS .09 .054 .036 .036 .036 .018
GUNS .076 .076 .076 .076 .076 .076
HOMEBLDG .055 0 0 .055 0 0
GAMING .052 .052 .052 .105 .052 .052
DOWJONES .033 0 .033 .033 .033 .033
-----
BONDFUND .011 .011 .011 .011 .011 0
BIGBANKS 0 0 0 0 0 0
DJI-13 0 0 0 0 0 0
EDU 0 0 0 0 0 0
HOSPITAL 0 0 0 0 0 0
JETS 0 0 0 .076 .076 0
MARIJUAN 0 0 0 .1 0 0
|
====================================================================================
MONDAY Oct 3rd 4:30AM (PCT) Futures: DJI +171 NASDAQ+13 Data Used for 9/30/2022
| |
9/30/2022 DJIA
28725.51
-500.10 -1.71%
Nasdaq 10575.62
-161.89 -1.51%
The Peerless S4-S6 Sells still stands and operates. Once again,
last week we saw
promising one-day rallies quickly snuffed out. This will make
buyers cautious. And
until Peerless gives us a Buy, should keep us bearish enough to stay
short the most
beaishly Power-ranked of the MINCPs. But, as you have noticed, we
have avoided
shorting the major market ETFs at the bottom of the regression
channels. We also
know that DJI drops below the 20%-down from the peak level, as the DJI
has down
now, but can sometimes bring whipsawing rallies up and down past this
level for several
months. In other words, the DJI does not always drop directly
into deep bear
market territory after falling 20%. (Examples of this are seen in
1973-1974, 1977 and
1990.)
A rally his week now should not come as a surprise. Seasonality
has become quite
bullish and Friday's 500-point DJI decline was not matched by
parrticularly bearish
breadth, as there were only 437 down than up on the NYSE.
Friday marked the
end of the quarter and this lead to unusual selling in the major market
ETFs. The
SPY and QQQ confirmed DIA'S new low but the more broadly based NASDAQ,
IWM and MDY are still above their 12 month lows. See below. By
itself, this is
of limited consolation and reliability as a source of bullish hope
since the DJI can
lead the NASDAQ lower and down into bear market territory, as in 1977
and 2001.
But bulls are not yet in a panic. They know that FED Chairman
Powell
is quite capable of suddenly changing his mind and becoming bullishly
dovish.
For them the tech growth stocks - down 40% or more - look cheap.
If the
Jobs' Report to be released on Friday still shows positive hiring, they
may
take it as a sign that the US will not be experiencing a "hard
landing", as long
as the 10-year bond does not rise to 4.5% or 5%. That would
help lift
the DJI this week. But after that, the next CPI numbers will
over-hang the
market and could well bring another top and subsequent decline to new
lows.
For now, most bullish traders know that Octobers tend to bring nice
gains in this
the second year of the four year Presidential cycle.
October Is Usually Bullish in The
Second Year of The 4-Year Presidential Cycle.
Holding Period Avg
Gain Pct. Up
---------------
---------- --------
5
trading days
1% 57.1%
10
trading days
2.3% 71.4%
21
trading days
3.5% 71.4%
42
trading days
4.7% 78.6%
65
trading days
6.3% 85.7%
130
trading days 14.8%
92.9%
There is still no solid leadership shown in Tables 2 and 3
below. And Table 1
reminds us that new lows outpace new highs by more than
1000 to 42 on the
NYSE and NASDAQ. Why try to find a bullish special
situation in this
environment? And why try to scalp a 2%-3% precent
gains in DIA or SPY
this week. What we really need is a new Peerless Buy
signal. That usually
comes after a new DJI decline that is widely not confrmed
by our internal
strength indicators, especially by the P-Indicator.
The non-confirmation by
the IP21 does not by itself give a reliable Buy signal,
especially when both
our Opening and Closing Powers are below their falling
21-dma.
|
|
| |
9/30/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80930.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-30/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/9-30/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
| |
Table 1 Breadth Statistics
---------------------------------------
9/30/2022
DJIA 28725.51 -500.10 -1.71%
Nasdaq 10575.62 -161.89 -1.51%
S&P 500 3585.62 -54.85 -1.51%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,360 3,396 3,400
Advances 1,380 558 410
Declines 1,817 2,702 2,877
Unchanged 163 136 113
New highs 4 8 8
New lows 485 820 1106
Adv. volume* 652,333,738 127,360,076 93,141,016
Decl. volume* 888,449,556 875,141,167 999,472,478
Total volume* 1,564,736,701 1,006,016,681 1,095,998,104
Closing Arms (TRIN)† 1.11 1.10 1.40
Block trades* 5,671 4,950 5,790
Adv. volume 2,256,281,423 738,566,795 471,235,082
Decl. volume 3,304,771,097 3,919,789,936 4,644,639,254
Total volume 5,645,364,730 4,681,818,495 5,144,272,985
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,870 4,926 4,925
Advances 1,935 1,147 939
Declines 2,668 3,520 3,710
Unchanged 267 259 276
New highs 38 19 23
New lows 555 759 1224
Closing Arms (TRIN)† 1.69 1.74 0.70
Block trades 24,018 21,877 33,541
Adv. volume 1,377,575,728 706,866,805 1,356,164,945
Decl. volume 3,217,666,743 3,781,794,889 3,748,521,127
Total volume 4,649,717,684 4,516,635,947 5,134,356,420
|
Table 2 QUICKSILVER on ETFS - 9/30/2022
Bullish = 1 TAN
Bearish = 5 RETL, SOXL, TECL, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 287.3 -4.91 292.72 -145.7% Bearish RED -.04 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 10575.62 -161.89 10802.92 -134.6% Bearish RED .051 -.02 .031
---------------------------------------------------------------------------------------------
SPY 357.18 -5.61 364.31 -147.2% Bearish RED -.051 -.001 -.052
---------------------------------------------------------------------------------------------
QQQ 267.26 -4.61 274.37 -149.9% Bearish RED -.019 -.027 -.046
---------------------------------------------------------------------------------------------
MDY 401.66 -2.82 401.58 -76.5% Bearish RED -.08 .014 -.066
---------------------------------------------------------------------------------------------
IWM 164.92 -1.21 164.17 -71.8% Bearish RED .008 .007 .015
---------------------------------------------------------------------------------------------
FAS 54.21 -1.84 55.72 -387.3% Bearish RED .018 -.137 -.119
---------------------------------------------------------------------------------------------
RETL 6.14 -.26 6.55 -550.7% Bearish RED -.041 -.292 -.333
---------------------------------------------------------------------------------------------
SOXL 8.86 -.43 9.55 -598.8% Bearish ---- .009 -.433 -.424
---------------------------------------------------------------------------------------------
TECL 21.48 -1.3 23.87 -611.7% Bearish RED -.007 -.306 -.313
---------------------------------------------------------------------------------------------
IBB 116.96 -.64 113.42 70.6% Bearish RED .017 .038 .055
---------------------------------------------------------------------------------------------
GLD 154.67 .01 151.23 54.2% Bearish RED -.245 .068 -.177
---------------------------------------------------------------------------------------------
DBO 15.18 -.35 14.67 3.3% Bearish RED -.323 -.01 -.333
---------------------------------------------------------------------------------------------
OIH 211.21 -.91 198.76 175.7% Bearish BLUE -.102 .103 .001
---------------------------------------------------------------------------------------------
CPER 20.45 -.22 19.82 81.9% Bearish RED -.169 .128 -.041
---------------------------------------------------------------------------------------------
TAN 73.61 .34 74.35 -138.8% Bearish BLUE .157 .11 .267
---------------------------------------------------------------------------------------------
UUP 30.15 0 30.66 -27.9% Bearish RED .054 .16 .214
---------------------------------------------------------------------------------------------
CORN 27.04 .27 26.61 24.3% Bullish BLUE -.04 .264 .224
---------------------------------------------------------------------------------------------
WEAT 9.15 .19 8.61 186.8% Bullish BLUE -.056 .203 .147
---------------------------------------------------------------------------------------------
YINN 40.66 -.66 45.53 -466.6% Bearish BLUE -.109 -.399 -.508
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/30/22
No group leadership....
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .5 .5 .5 0 0 0
SOLAR .25 .25 .375 .375 .25 .375
FOOD .224 .244 .265 .265 .265 .306
OILGAS .207 .188 .216 .103 .084 .132
BIOTECH .206 .192 .225 .17 .146 .159
COMODITY .205 .23 .23 .256 .23 .282
GOLD .195 .173 .152 .021 .021 .043
CHINA .18 .16 .2 .22 .18 .2
CHEM .173 .152 .173 .086 .108 .086
LOWPRICE .164 .164 .169 .142 .129 .14
INDEXES .145 .145 .14 .135 .135 .135
SOFTWARE .142 .16 .142 .16 .16 .16
INDMATER .138 .125 .18 .055 .041 .083
COPPER .125 0 0 0 0 0
HACKERS .125 .187 .187 .187 .187 .187
INSURANC .12 .12 .04 0 0 .08
REGBANKS .12 .16 .28 .12 .32 .36
RUS-1000 .118 .139 .159 .121 .098 .113
ELECTRON .112 .135 .165 .12 .112 .127
GREEN .105 .157 .21 .21 .157 .157
SEMI .105 .105 .136 .105 .094 .126
COMPUTER .1 .1 .1 .1 .1 .1
REIT .092 .092 .1 .092 .084 .092
INFRA .09 .06 .09 .06 .06 .06
HIGHPRIC .089 .113 .14 .074 .05 .062
RETAIL .085 .148 .234 .127 .106 .127
NASD-100 .082 .123 .164 .082 .072 .061
-----
UTILITY .078 .052 .078 .052 .052 .236
FIDSTKS .076 .094 .136 .065 .053 .082
GUNS .076 .076 .076 .076 .076 .076
AUTO .075 .075 .113 .056 .075 .056
NIFTY .068 .068 .113 .09 .068 .09
FINANCE .062 .087 .187 .112 .237 .237
ETFS .054 .036 .036 .036 .036 .072
SP500 .054 .08 .129 .058 .062 .082
-----
GAMING .052 .052 .052 .105 .052 0
SP-100 .044 .077 .088 .011 .033 .022
BONDFUND .011 .011 .011 .011 .011 0
BEVERAGE 0 0 0 0 0 0
BIGBANKS 0 0 0 0 0 0
DJI-13 0 0 0 0 0 0
DOWJONES 0 .033 .033 .033 .033 0
-----
EDU 0 0 0 0 0 0
HOMEBLDG 0 0 .055 0 0 0
HOSPITAL 0 0 0 0 0 0
JETS 0 0 .076 .076 0 0
MARIJUAN 0 0 .1 0 0 0
MILITARY 0 0 .115 .076 .076 .115
TRANSP 0 0 .052 .052 0 0
|
====================================================================================
FRIDAY Sept 30 6:06 AM (PCT) Futures: DJI+40 NASDAQ+20 Data Used for 9/29/2022
| |
Thursday DJIA 29225.61 -458.13
-1.54%
S&P 500 3640.47 -78.57 -2.11%
Nasdaq 10737.51 -314.13 -2.84%
The broader market was weaker than the DJI, whose decline was led by AAPL.
Tables 2 and 3 below show the absence of any group leadership. Avoid
the long
side. Stay short bonds and weakest bearish MINCPs.
|
|
| |
Sell S4 -- Our Peerless Sell signal was reinforced by a
"rush-to-sell" S6. This signal
is rare. It tells us that there is no follow-through from the previous day's
promising-looking
rally because Professionals and Institutions are in a great rush to get out of long
positions
because they fear much worse news is going to occur to drive the market down much
more. Since 1929, there have been 10 previous Sell S6
signals. The average decline
on these at the time of the next Peerless Buyw was 11.2%. Only 3 of the 10 brought
paper
losses between 1.1% and 3.55%. That the current IP21 is positive does make a small
paper loss more likely, but two of these three cases brought later declines of 14.8% and
19.1%. In the third case, the eventual gain was only 1.4%.
We see the DJI at the bottom of its recent box price pattern at the bottom of its price
channel. Watch to see if the NASDAQ, SPY, QQQ, MDY and IWM also make
new year lows. 1977's experience shows us that they can follow the DJI to new lows.
But as long as they fail to make clear new lows as the DJI has, there is hope for a rally
in October.
As I said last night, longs must wait to buy. Shorts should mostly be limited to
bonds.
A lot of pressure is being put on the FED not to raise rates by another 3/4% in October.
See NY Times article tonight by Paul Krugman.
https://www.nytimes.com/column/paul-krugman
|
|
9/29/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80929.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-29/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/9-29/BEARISH.htm
 |
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 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/29/2022
DJIA 29225.61 -458.13 -1.54%
S&P 500 3640.47 -78.57 -2.11%
Nasdaq 10737.51 -314.13 -2.84%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,396 3,425 3,401
Advances 558 2,854 578
Declines 2,702 438 2,672
Unchanged 136 133 151
New highs 8 12 10
New lows 820 294 726
bearish
Adv. volume* 127,360,076 941,773,788 195,542,981
Decl. volume* 875,141,167 80,499,025 707,914,660
Total volume* 1,006,016,681 1,030,534,275 909,852,179
Closing Arms (TRIN)† 1.10 0.74 0.70
Block trades* 4,950 5,007 4,957
Adv. volume 738,566,795 4,179,014,137 1,003,594,889
Decl. volume 3,919,789,936 474,459,916 3,237,206,720
Total volume 4,681,818,495 4,684,850,066 4,284,601,625
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,926 4,926 4,942
Advances 1,147 3,674 972
Declines 3,520 1,003 3,663
Unchanged 259 249 307
New highs 19 31 25
New lows 759 365 929
bearish
Closing Arms (TRIN)† 1.74 0.62 0.70
Block trades 21,877 21,987 31,196
Adv. volume 706,866,805 3,866,894,140 1,346,388,819
Decl. volume 3,781,794,889 658,006,919 3,539,899,308
Total volume 4,516,635,947 4,556,109,413 4,916,473,053
|
Table 2 QUICKSILVER on ETFS - 9/29/2022
Bullish = 0
Bearish = 5 RETL, SOXL, TECL, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 292.21 -4.52 295.86 -140.6% Bearish RED -.033 0 ------
---------------------------------------------------------------------------------------------
COMPQX 10737.51 -314.13 10867.93 -150.7% Bearish RED .047 -.014 .033
---------------------------------------------------------------------------------------------
SPY 362.79 -7.74 367.95 -155.3% Bearish RED -.014 .002 -.012
---------------------------------------------------------------------------------------------
QQQ 271.87 -8.07 275.51 -148.1% Bearish RED .002 -.02 -.018
---------------------------------------------------------------------------------------------
MDY 404.48 -8.43 407.87 -148.5% Bearish RED -.042 .008 -.034
---------------------------------------------------------------------------------------------
IWM 166.13 -3.81 167.31 -157% Bearish RED .045 -.001 .044
---------------------------------------------------------------------------------------------
FAS 56.05 -2.02 58.6 -456.4% Bearish RED .032 -.118 -.086
---------------------------------------------------------------------------------------------
RETL 6.4 -1.06 6.89 -524.7% Bearish RED -.072 -.282 -.354
---------------------------------------------------------------------------------------------
SOXL 9.29 -.88 10.03 -609.1% Bearish RED .037 -.406 -.369
---------------------------------------------------------------------------------------------
TECL 22.78 -1.92 24.41 -535.3% Bearish RED .004 -.264 -.26
---------------------------------------------------------------------------------------------
IBB 117.6 -1.73 115.32 37.5% Bearish RED .055 .032 .087
---------------------------------------------------------------------------------------------
GLD 154.66 -.03 153.01 -33.9% Bearish BLUE -.243 .062 -.181
---------------------------------------------------------------------------------------------
DBO 15.53 -.07 15.17 -163.5% Bearish RED -.336 -.032 -.368
---------------------------------------------------------------------------------------------
OIH 212.12 -.12 203.97 -271.1% Bearish BLUE -.098 .048 -.05
---------------------------------------------------------------------------------------------
CPER 20.67 .3 20.12 -37.2% ------- BLUE -.151 .112 -.039
---------------------------------------------------------------------------------------------
TAN 73.27 -4.06 75.7 -340.5% Bearish RED .165 .082 .247
---------------------------------------------------------------------------------------------
UUP 30.15 -.12 30.32 49.4% ------- RED .067 .137 .204
---------------------------------------------------------------------------------------------
CORN 26.77 0 26.91 -121% Bullish RED .016 .204 .22
---------------------------------------------------------------------------------------------
WEAT 8.96 -.08 8.82 -79% Bullish RED -.022 .141 .119
---------------------------------------------------------------------------------------------
YINN 41.32 -4.28 44.79 -589.1% Bearish RED -.116 -.399 -.515
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/29/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .5 .5 0 0 0 .166
SOLAR .25 .375 .375 .25 .375 .375
FOOD .244 .265 .244 .265 .326 .469
COMODITY .23 .23 .23 .23 .307 .41
BIOTECH .192 .223 .173 .146 .162 .212
OILGAS .188 .216 .103 .084 .132 .424
HACKERS .187 .187 .187 .187 .187 .187
GOLD .173 .152 .021 .021 .043 .173
LOWPRICE .166 .169 .145 .129 .14 .187
CHINA .16 .2 .22 .18 .2 .18
REGBANKS .16 .28 .12 .32 .36 .4
SOFTWARE .16 .16 .16 .16 .16 .16
GREEN .157 .21 .21 .157 .157 .157
CHEM .152 .173 .108 .086 .108 .152
RETAIL .148 .234 .127 .106 .148 .234
INDEXES .145 .14 .135 .135 .135 .167
RUS-1000 .139 .162 .124 .101 .113 .149
ELECTRON .135 .165 .12 .112 .12 .172
INDMATER .125 .18 .055 .041 .083 .208
NASD-100 .123 .164 .072 .072 .072 .123
=====
INSURANC .12 .04 0 0 .08 .08
HIGHPRIC .113 .14 .074 .05 .066 .105
SEMI .105 .136 .105 .094 .115 .126
COMPUTER .1 .1 .1 .1 .1 .15
FIDSTKS .094 .136 .065 .053 .082 .159
REIT .092 .092 .1 .092 .084 .092
FINANCE .087 .187 .112 .225 .237 .337
SP500 .08 .129 .058 .06 .088 .169
=====
SP-100 .077 .088 .011 .033 .033 .166
GUNS .076 .076 .076 .076 .076 .076
AUTO .075 .113 .056 .075 .075 .15
NIFTY .068 .113 .09 .068 .09 .181
INFRA .06 .09 .06 .06 .06 .181
GAMING .052 .052 .052 .105 0 0
UTILITY .052 .078 .052 .052 .236 .289
ETFS .036 .036 .036 .036 .09 .145
DOWJONES .033 .033 .033 .033 0 .066
=====
BONDFUND .011 .011 .011 .011 .011 0
=====
BEVERAGE 0 0 0 0 0 .071
BIGBANKS 0 0 0 0 0 .142
COPPER 0 0 0 0 0 .125
DJI-13 0 0 0 0 0 0
EDU 0 0 0 0 0 0
HOMEBLDG 0 .055 0 0 0 .055
HOSPITAL 0 0 0 0 0 .214
JETS 0 .076 .076 0 0 .076
MARIJUAN 0 .1 0 0 0 0
MILITARY 0 .115 .076 .076 .115 .346
TRANSP 0 .052 .052 0 0 0
|
===================================================================================
Thursday Sept 29 6:00 AM (PCT) Futures: DJI-300
NASDAQ-100 Data Used for 9/28/2022
| |
Wednesday DJIA
29683.74 548.75 +1.88%
Nasdaq 11051.64 222.13 +2.05%
Sell S4 -- We got no Peerless Buy signal today. Any rally,
therefore, will likely be limited.
But with the Accumulation Index again positive, the recent lows "should" be good
support.
The erratic, squirrel-like behavior of the market continues. (Squirrels dart
back and forth because they are afraid of "hawks." The market is doing the
same )
Today the DJI rose 549 points from the critical support of the bottom of its regression
channel and its 20%-down-from-the highs level. We have no 3-day reversal buy in
Peerless. That is to say, we do not give a Buy when the market falls sharply on day
1,
goes sidewise on day 2 and the rallies strongly on very good breadth on day 3. But
perhaps, we should create such a Buy. We will have to do some testing of this
tactic,
or principle.
Presently, we still see a very negative P-I, a falling NYSE A/D Line, falling Closing
and Opening Powers and no real leadership in Tables 2 and 3 below.
My suspicion is that the British have now swtiched to a "GO" in the
"Stop:Go" world
of global banking leadership with a large measure of support from within the FED.
In other words, the British are simply doing what some within the FED think that the
US must now do to prevent a much bigger sell-off in equities and bonds here. But
which they cannot say outright, because it would embarass Powell who has been
behind the inflationary curve for more than a year and must talk like a "hawk"
now.
Be that as it may, I would suggest covering more short sales on the weakness this
morning. But what to buy? Let's wait. Watch to see how the FED responds
to
the British gambit. And specifically, watch IBB (shown below) to see if it can
rise
back above the neckline in its H/S pattern. The leading biotechs like VRTX, should
be immune to any economic slow-down and will have lots of upside potential if the
market takes off to the upside from an October bottom as we get closer to the
bullish third year of the 4-year Presidential cycle.
Hold long positions in UUP (the Dollar). And for now stay short Bond Funds. |
|
| |
July 28
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80928.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL REGN REV SO
QCOM QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-28/BULLISH.htm
Bearish
MINCPs http://www.tigersoftware.com/Downing/9-28/BEARISH.htm |
Have the British Really Declared War on the Fed?
It appears that the
English have declared war on the US Federal Reserve's tight money policies
to curb US inflation
(and strengthen the Dollar, incidentally). First, the new Conservative Prime
Minister said she would
have Parliament cut taxes on the wealthy a week ago. This was from
US President Trump's
play-book of 2017. Then this Wednesday, the BOE (Bank of England)
reversed course and let
the world know that they would use QE-like policies just like the FED
used in 2020-2021 to
support English bonds to prevent a panic there as British investment houses
rushed to sell British
bonds in what was called an "illiquid" market, i.e. not enough buiyers.
These British
polcies are expected to
add to England's already high 8.6% rate of inflation. They should further
tighten the labor
market and make wages rise there. The jobless rate in the UK fell to 3.6% in the
three months to July of
2022, the lowest since 1974, from 3.8% in the previous period.
The Bank of England in
more distant history has often leads the FED in reacting to world-wide
financial conditions.
But not more recently. Its lending rate is 1/2% lower than ours.
Which
side of the Atlantic is
more potent? Clearly, the Americans think they are. But the British PM
is now behind in the
polls and she and the BOE believe that "Thatcherism" is is her best chance to
stay in office.
The silence from the FED on Britain's switch to an an expansionary set of fiscal
and monetary policies
reflects, I think, not their sense of diplomatic decorum, but their own
confusion and doubts as
the US markets have now fallen to key support levels and can only
be allowed to fall more
at considerable risk.
 |
 |
 |
 |
 |
 |
 |
 |
British Pound
 |
Table 1 Breadth Statistics
---------------------------------------
9/28/2022
DJIA 29683.74 548.75 +1.88%
S&P 500 3719.04 71.75 +1.97%
Nasdaq 11051.64 222.13 +2.05%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,425 3,431 3,376
Advances 2,854 1,579 914
Declines 438 1,687 2,299
9/28/2022
DJIA 29683.74 548.75 1.88
S&P 500 3719.04 71.75 1.97
Nasdaq Composite 11051.64 222.13 2.05
NYSE Latest Close Previous Close Week Ago
Issues traded 3,425 3,431 3,376
Advances 2,854 1,579 914
Declines 438 1,687 2,299
Unchanged 133 165 163
New highs 12 15 22
New lows 294 893 372
---
Adv. volume* 941,773,788 485,245,957 109,274,723
Decl. volume* 80,499,025 493,051,220 767,756,440
Total volume* 1,030,534,275 995,582,852 885,092,644
Closing Arms (TRIN)† 0.74 0.85 2.45
Block trades* 5,007 4,750 4,483
Adv. volume 4,179,014,137 2,337,814,111 564,143,113
Decl. volume 474,459,916 2,134,342,368 3,469,805,368
Total volume 4,684,850,066 4,577,745,022 4,078,337,130
--------------------------------------------------------------------
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,926 5,050 4,959
Advances 3,674 2,376 1,326
Declines 1,003 2,312 3,277
Unchanged 249 362 356
New highs 31 31 35
New lows 365 893 621
Closing Arms (TRIN)† 0.62 0.68 1.17
Block trades 21,987 22,089 24,848
Adv. volume 3,866,894,140 2,597,659,101 1,128,828,501
Decl. volume 658,006,919 1,727,391,546 3,275,513,474
Total volume 4,556,109,413 4,445,052,835 4,471,008,412
|
Table 2 QUICKSILVER on ETFS - 9/28/2022
Bullish = 1 TAN
Bearish = 4 SOXL, GLD, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 296.73 5.43 300.52 -85.7% Bearish BLUE -.05 ----- -----
---------------------------------------------------------------------------------------------
COMPQX 11051.64 222.14 11066.81 -76.9% Bearish BLUE .035 .011 .046
---------------------------------------------------------------------------------------------
SPY 370.53 7.15 374.22 -92.8% Bearish BLUE -.025 .012 -.013
---------------------------------------------------------------------------------------------
QQQ 279.94 5.46 280.07 -65.2% Bearish BLUE -.002 .006 .004
---------------------------------------------------------------------------------------------
MDY 412.91 10.9 416.6 -159.1% Bearish BLUE -.068 .021 -.047
---------------------------------------------------------------------------------------------
IWM 169.94 5.21 171.39 -160.2% Bearish BLUE .019 .018 .037
---------------------------------------------------------------------------------------------
FAS 58.07 3.11 61.32 -559.6% Bearish BLUE -.002 -.093 -.095
---------------------------------------------------------------------------------------------
RETL 7.46 .71 7.13 -206.7% Bearish BLUE -.041 -.152 -.193
---------------------------------------------------------------------------------------------
SOXL 10.17 .36 10.51 -599.4% Bearish BLUE .021 -.333 -.312 ---
---------------------------------------------------------------------------------------------
TECL 24.7 .71 25.4 -304.7% Bearish BLUE -.005 -.191 -.196
---------------------------------------------------------------------------------------------
IBB 119.33 4.51 116.73 61.4% Bearish BLUE .04 .033 .073
---------------------------------------------------------------------------------------------
GLD 154.69 3.15 155.7 -35.8% Bearish BLUE -.299 .037 -.262 ---
---------------------------------------------------------------------------------------------
DBO 15.6 .61 16.03 -120.4% Bearish BLUE -.315 -.046 -.361 ---
---------------------------------------------------------------------------------------------
OIH 212.24 9.42 223.41 -296.6% Bearish BLUE -.161 .025 -.136
---------------------------------------------------------------------------------------------
CPER 20.37 .58 20.82 -79% Bearish BLUE -.21 .093 -.117
---------------------------------------------------------------------------------------------
TAN 77.33 1.41 78.47 -252.8% Bearish BLUE .166 .132 .298 +++
---------------------------------------------------------------------------------------------
UUP 30.27 -.4 29.85 76% Bullish RED .115 .129 .244
---------------------------------------------------------------------------------------------
CORN 26.77 .13 27.42 -109.3% Bullish ---- .056 .179 .235
---------------------------------------------------------------------------------------------
WEAT 9.04 .31 9.1 -16.9% Bullish BLUE -.045 .145 .1
---------------------------------------------------------------------------------------------
YINN 45.6 1.55 46.66 -197% Bearish BLUE -.172 -.373 -.545
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/28/22
No groups show a majority of their components are above their 65-dma
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .5 0 0 0 .166 .333
================================================================================================
SOLAR .375 .375 .25 .375 .375 .5
REGBANKS .28 .12 .32 .36 .4 .56
FOOD .265 .244 .244 .326 .469 .448
RETAIL .234 .127 .106 .148 .234 .297
COMODITY .23 .23 .205 .307 .41 .41
BIOTECH .223 .17 .148 .162 .212 .245
OILGAS .216 .103 .084 .132 .424 .443
GREEN .21 .21 .157 .157 .157 .315
CHINA .2 .22 .18 .2 .18 .18
FINANCE .187 .112 .225 .225 .337 .387
HACKERS .187 .187 .187 .187 .187 .25
INDMATER .18 .055 .041 .083 .194 .222
CHEM .173 .108 .108 .086 .173 .217
LOWPRICE .171 .145 .132 .14 .182 .238
ELECTRON .165 .12 .112 .12 .165 .233
NASD-100 .164 .072 .061 .072 .123 .154
=====
RUS-1000 .162 .126 .103 .116 .149 .21
SOFTWARE .16 .178 .16 .16 .16 .232
GOLD .152 .021 .021 .043 .173 .217
HIGHPRIC .14 .074 .05 .066 .105 .171
INDEXES .14 .135 .135 .135 .167 .194
FIDSTKS .136 .065 .053 .082 .165 .207
SEMI .136 .105 .094 .115 .115 .2
SP500 .129 .058 .06 .086 .177 .204
=====
MILITARY .115 .076 .076 .115 .346 .346
AUTO .113 .056 .075 .075 .15 .169
NIFTY .113 .09 .068 .09 .181 .204
COMPUTER .1 .1 .1 .1 .15 .15
MARIJUAN .1 0 0 0 0 .1
REIT .092 .092 .1 .092 .092 .138
INFRA .09 .06 .06 .06 .181 .212
SP-100 .088 .011 .033 .033 .166 .177
UTILITY .078 .052 .052 .236 .289 .263
GUNS .076 .076 .076 .076 .076 .076
JETS .076 .076 0 0 .076 .076
HOMEBLDG .055 0 0 0 .055 .055
GAMING .052 .052 .052 .052 0 .052
TRANSP .052 .052 0 0 0 .052
INSURANC .04 0 0 .08 .08 .16
ETFS .036 .036 .036 .09 .163 .163
DOWJONES .033 .033 .033 0 .066 .066
=====
BONDFUND .011 .011 .011 .011 .011 0
BEVERAGE 0 0 0 0 .071 .142
BIGBANKS 0 0 0 0 .142 .285
COPPER 0 0 0 0 .125 0
DJI-13 0 0 0 0 0 0
EDU 0 0 0 0 0 0
HOSPITAL 0 0 0 0 .214 .285
|
===================================================================================
Wednesday Sept 28 6:04 AM (PCT) Futures: DJI+100 NASDAQ-20 Data Used for 9/27/2022
| |
Tuesday DJIA 29134.99 -125.82 -0.43%
Nasdaq 10829.50 26.58 +0.25%
Sell S4 Both Opening and
Closing Powers are in falling trends for the key ETFs shown
below. But Breadth was only mildly negative on Tuesday and the NASDAQ actually rose
a little.
Again there was weakness at the close as earlier unfinished big sell orders were sold
aggressively
at the close. But only two big drops in DJI-30 stocks, MCD and GS accounted for the
the decline.
These are short-term bullish signs with the DJI at the bottom of its regression channel.
Tuesday
Powell might have used his speaking opportunity to undo the damage his recent
"hawkishness"
has caused, but he chose to say nothing about falling foreign currencies or also the fall
in Crude Oil
prices as "dovish" forces on rates now.
A tradable bottom may be made next month. That is what most often happens as the
DJI falls because of rising interest rates. I show a DJI chart for 1921. In 1920 the FED
had been raising rates to curb the inflation, especially in wage increases, after World
War I.
The FED had raised rates despite massive criticism from Southern and Mid-West banks which
started failing. Starting in June 2021, they began a process of lowering
rates. That helped
build the market's bottom in 1921. In October, the market took off despite a big
hurricane
in Tampa. How the market reacts to the hurricane may help us get a sense of how much
support there is for U.S. stocks, especially those other than those immediately affected
by higher interest rates, such as Utilities were today.
We have covered about half of our short sales because of the DJI's position at the bottom
of its price channel. But except for playing the strong Dollar (which is really a
short on
overseas currencies), there is no sector leadership. The strong stocks are not yet
ready
to make sustained rallies. There is too much selling of them at their old highs.
(See NOC
for example.)
No new Peerless Buy signal looks likely, though the Accumulation Index continues to
hold the DJI up. This should reduce its rate of decline, but not prevent it from
continuing.
Most of the bearish MINCPS dropped more today. That's where I would suggest
trading, apart from buying the Dollar. The shorts in interest rate plays continue to
make
us money. Tomorrow we may see the 10-year bond reach 4%. This will make
headlines
and could bring a selling climax short-term. Avoid the long side. The rallies all
seem
to be quickly sold into. |
|
| |
Sept 27
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80927.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-27/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-27/BEARISH.htm |
|
1921 shows how a bottom is made in DJI when the FED reverses course and lowers
interest rates. Rates had reached 7% in 1920. The deadly Tampa hurricaine of
October 20-30 1921 did not hurt the stock market in these circumstances.
 |
DJI is a bottom of its falling price channel.
 |
Both Opening and Closing Power
are falling.
 |
The NASDAQ has not fallen recently to
a yearly new low.
 |
The
SPY has not fallen recently to
a yearly new low.
 |
 |
 |
| |
Table 1
Table 1 Breadth Statistics
---------------------------------------
9/27/2002
Last Chg %Chg
DJIA 29134.99 -125.82 -0.43%
S&P 500 3647.29 -7.75 -0.21%
Nasdaq 10829.50 26.58 +0.25%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,431 3,437 3,389
Advances 1,579 572 567
Declines 1,687 2,715 2,682
Unchanged 165 150 140
New highs 15 11 13
New lows 893 1083 395
bearish
Adv. volume* 485,245,957 125,387,680 87,057,315
Decl. volume* 493,051,220 916,846,943 788,860,860
Total volume* 995,582,852 1,056,661,213 890,485,984
Closing Arms (TRIN)† 0.85 1.35 1.44
Block trades* 4,750 4,964 4,501
Adv. volume 2,337,814,111 647,320,597 511,480,890
Decl. volume 2,134,342,368 4,159,648,234 3,475,300,371
Total volume 4,577,745,022 4,886,140,997 4,058,052,022
NASDAQ Latest Close Previous Close Week Ago
Issues traded 5,050 5,073 4,951
Advances 2,376 1,433 1,265
Declines 2,312 3,312 3,366
Unchanged 362 328 320
New highs 31 24 29
New lows 893 982 557
bearish
Closing Arms (TRIN)† 0.68 1.10 1.09
Block trades 22,089 26,743 21,866
Adv. volume 2,597,659,101 1,315,523,505 1,024,769,411
Decl. volume 1,727,391,546 3,334,926,450 2,972,507,064
Total volume 4,445,052,835 4,697,734,761 4,028,109,411
|
Table 2 QUICKSILVER on ETFS - 9/23/2022
Bullish = 1 CORN
Bearish = 5 TECL, SOXL, GLD, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 291.3 -1.42 301.81 -262.4% Bearish RED -.094 0 ------
---------------------------------------------------------------------------------------------
COMPQX 10829.5 26.58 11220.19 -268.8% Bearish RED -.02 .016 -.004
---------------------------------------------------------------------------------------------
SPY 363.38 -.93 377.39 -277.2% Bearish RED -.077 .014 -.063
---------------------------------------------------------------------------------------------
QQQ 274.48 .11 283.56 -254.1% Bearish RED -.061 .011 -.05
---------------------------------------------------------------------------------------------
MDY 402.01 .43 425.98 -355.7% Bearish RED -.115 .021 -.094
---------------------------------------------------------------------------------------------
IWM 164.73 .56 175.34 -389.2% Bearish RED -.033 .017 -.016
---------------------------------------------------------------------------------------------
FAS 54.96 -.76 64.68 -1137.8% Bearish RED -.038 -.069 -.107
---------------------------------------------------------------------------------------------
RETL 6.75 .2 7.75 -853.8% Bearish RED -.087 -.162 -.249
---------------------------------------------------------------------------------------------
SOXL 9.81 .26 11.4 -888.3% Bearish RED -.042 -.28 -.322
---------------------------------------------------------------------------------------------
TECL 23.99 .12 26.21 -692.6% Bearish RED -.059 -.153 -.212
---------------------------------------------------------------------------------------------
IBB 114.82 1.4 117.91 -245.3% Bearish BLUE .003 .015 .018
---------------------------------------------------------------------------------------------
GLD 151.54 .31 155.79 -114.5% Bearish RED -.387 .014 -.373
---------------------------------------------------------------------------------------------
DBO 14.99 .32 15.97 -346.6% Bearish BLUE -.327 -.073 -.4
---------------------------------------------------------------------------------------------
OIH 202.82 4.06 224.74 -610.2% Bearish RED -.204 .011 -.193
---------------------------------------------------------------------------------------------
CPER 19.79 -.03 20.69 -304.9% Bearish RED -.29 .051 -.239
---------------------------------------------------------------------------------------------
TAN 75.92 1.57 81.23 -366.6% Bearish RED .091 .126 .217
---------------------------------------------------------------------------------------------
UUP 30.67 .01 29.81 191.5% Bullish BLUE .234 .131 .365
---------------------------------------------------------------------------------------------
CORN 26.64 .03 27.36 -176.6% Bullish RED .16 .146 .306
---------------------------------------------------------------------------------------------
WEAT 8.73 .12 9.07 -156.9% Bullish RED .058 .107 .165
---------------------------------------------------------------------------------------------
YINN 44.05 -1.48 47.4 -797.8% Bearish RED -.241 -.381 -.622
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/27/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SOLAR .375 .25 .375 .375 .5 .5
FOOD .244 .244 .306 .469 .428 .367
COMODITY .23 .205 .282 .41 .384 .333
CHINA .22 .18 .2 .18 .18 .18
GREEN .21 .157 .157 .157 .315 .315
HACKERS .187 .187 .187 .187 .25 .312
SOFTWARE .178 .178 .16 .16 .232 .25
BIOTECH .17 .146 .165 .212 .247 .289
LOWPRICE .148 .132 .142 .182 .238 .259
INDEXES .135 .135 .135 .167 .194 .259
RETAIL .127 .106 .148 .234 .297 .319
RUS-1000 .126 .106 .118 .151 .21 .255
ELECTRON .12 .112 .12 .165 .24 .248
REGBANKS .12 .32 .36 .4 .56 .6
FINANCE .112 .225 .225 .325 .387 .55
CHEM .108 .108 .108 .152 .217 .217
SEMI .105 .094 .115 .115 .2 .2
OILGAS .103 .084 .132 .424 .443 .537
COMPUTER .1 .1 .1 .15 .15 .2
REIT .092 .092 .1 .1 .13 .2
NIFTY .09 .068 .09 .181 .204 .25
GUNS .076 .076 .076 .076 .076 .153
JETS .076 0 0 .076 .076 .307
MILITARY .076 .076 .115 .346 .346 .384
HIGHPRIC .074 .05 .066 .105 .175 .218
NASD-100 .072 .061 .061 .123 .154 .226
FIDSTKS .065 .053 .082 .165 .207 .343
INFRA .06 .06 .06 .181 .212 .363
SP500 .058 .06 .086 .175 .214 .317
AUTO .056 .075 .075 .15 .188 .207
INDMATER .055 .041 .083 .194 .222 .263
GAMING .052 .052 0 .052 .052 .157
UTILITY .052 .052 .236 .289 .315 .5
TRANSP .052 0 0 0 .052 .21
ETFS .036 .036 .09 .163 .181 .163
DOWJONES .033 .033 0 .066 .066 .233
GOLD .021 .021 .043 .173 .217 .195
BONDFUND .011 .011 .011 .011 .011 0
SP-100 .011 .033 .033 .166 .177 .322
BEVERAGE 0 0 0 .071 .142 .214
BIGBANKS 0 0 0 .142 .285 .857
COAL 0 0 0 .166 .333 .333
COPPER 0 0 0 .125 0 .25
DJI-13 0 0 0 0 0 .153
EDU 0 0 0 0 0 0
HOMEBLDG 0 0 0 .055 .055 .111
HOSPITAL 0 0 0 .214 .285 .285
INSURANC 0 0 .08 .08 .16 .28
MARIJUAN 0 0 0 0 .1 .1
|
====================================================================================
Tuesday Sept 27 5:53 AM (PCT) Futures: DJI+314 NASDAQ+184 Data Used for 9/26/2022
| |
Monday DJIA
29260.81 -329.60
-1.11%
Nasdaq 10802.92 -65.00 -0.60
Sell S4 Both Opening and
Closing Powers are in falling trends for the key ETFs.
Breadth was again very weak on Monday. The market is very oversold,
however, by
this year's technical standards and down 20%, as this is written, from its highs.
This is often
considered a boundary or high inflection point between a bear market and key support
that could start a new bull market. The DJI is also at the bottom of its price
channel, a point
of potential support and a point of great peril if it does not hold at these levels.
The rally now before the opening is based on hopes that Fed Chairman Powell will soften
his message to investors today, in part because of the damage the jump in rates is causing
other countries' economies. (See lead article in NY Times this morning.)
Rising rates in September have not brought a past bottom until October. In addition,
the
P-Indicator's great weakness has the historical meaning that more weakness is likely when
the 20%-down-from-the-peak is tested. But Powell is known as a friend of Wall
Street.
Remember the V-bottom of December 2018 and all the QE from March 2020 to December
2021. Powell has a history of suddenly changing his mind about high interest rates.
Wall
Street still thiinks of him as an ally. So, his words could jump-start another rally
to the
DJI's 21-day ma.
But a new Buy signal from Peerless is unlikely and traders all remember how the last
boost in interest rates dropped the DJI 1200 points very quickly the last time Powell
spoke to investors. Remember: he did not get to his position by "making
waves" or
confronting Wall Street....
Continue to hold most of the many shorts from our Bearish MINCPs. I see no point in
trying to scalp
a few points to the upside unless Peerless gives a Buy signal. There are many more
new lows than new highs, so, it seems likely that the weakest MINCPs will fall further
even if the DJI manages a rally of 4% to the falling 21-dma. There is no
leadership at this
point, only rigged scalping by Professionals who can manipulate the market in its wild
swings.
Let's see what Powell will say to try to undo the damage his last speech caused.
Watch Crude Oil prices. Their weakness may be mentioned by Powell if he want to
sound more dovish. |
|
| |
Sept 26
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80926.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-26/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-26/BEARISH.htm
|
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Table 1 Breadth Statistics
---------------------------------------
9/26/2002
DJIA 29260.81 -329.60 -1.11
S&P 500 3655.04 -38.19 -1.03
Nasdaq 10802.92 -65.00 -0.60 stronger
NYSE Latest Close Previous Close Week Ago
Issues traded 3,437 3,400 3,380
Advances 572 410 1,865
Declines 2,715 2,877 1,344
Unchanged 150 113 171
New highs 11 8 15
New lows 1083 1106 229
bearish
Adv. volume* 125,387,680 93,141,016 663,495,259
Decl. volume* 916,846,943 999,472,478 230,580,098
Total volume* 1,056,661,213 1,095,998,104 905,924,610
Closing Arms (TRIN)† 1.35 1.40 0.46
Block trades* 4,964 5,790 4,334
Adv. volume 647,320,597 471,235,082 2,795,514,699
Decl. volume 4,159,648,234 4,644,639,254 921,433,793
Total volume 4,886,140,997 5,144,272,985 3,766,853,405
NASDAQ Latest Close Previous Close Week Ago
Issues traded 5,073 4,925 4,965
Advances 1,433 939 2,145
Declines 3,312 3,710 2,501
Unchanged 328 276 319
New highs 24 23 42
New lows 982 1224 489
bearish
Closing Arms (TRIN)† 1.10 0.70 0.66
Block trades 26,743 33,541 23,665
Adv. volume 1,315,523,505 1,356,164,945 2,331,923,354
Decl. volume 3,334,926,450 3,748,521,127 1,782,864,886
Total volume 4,697,734,761 5,134,356,420 4,168,670,920
|
Table 2 QUICKSILVER on ETFS - 9/23/2022
Bullish = 2 CORN and WEAT
Bearish = 6 RETL, TECL, SOXL, GLD, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 292.72 -3.14 307.02 -287.6% Bearish RED -.126 0
---------------------------------------------------------------------------------------------
COMPQX 10802.92 -65.01 11425.05 -326.2% Bearish RED -.047 .007 -.04
---------------------------------------------------------------------------------------------
SPY 364.31 -3.64 384.09 -320.3% Bearish RED -.105 .01 -.095
---------------------------------------------------------------------------------------------
QQQ 274.37 -1.14 288.73 -293.9% Bearish RED -.091 .004 -.087
---------------------------------------------------------------------------------------------
MDY 401.58 -6.29 431.66 -440.1% Bearish RED -.135 .019 -.116
---------------------------------------------------------------------------------------------
IWM 164.17 -3.14 178.06 -468.4% Bearish RED -.047 .012 -.035
---------------------------------------------------------------------------------------------
FAS 55.72 -2.88 69.04 -1274.6% Bearish RED -.062 -.067 -.129
---------------------------------------------------------------------------------------------
RETL 6.55 -.34 7.99 -1385.3% Bearish RED -.129 -.141 -.27
---------------------------------------------------------------------------------------------
SOXL 9.55 -.48 11.7 -1212% Bearish RED -.084 -.304 -.388
---------------------------------------------------------------------------------------------
TECL 23.87 -.54 27.52 -790.5% Bearish RED -.083 -.178 -.261
---------------------------------------------------------------------------------------------
IBB 113.42 -1.9 120.55 -353.7% Bearish RED .006 -.016 -.01
---------------------------------------------------------------------------------------------
GLD 151.23 -1.78 155.07 -152.5% Bearish RED -.377 .015 -.362
---------------------------------------------------------------------------------------------
DBO 14.67 -.5 16.07 -506.2% Bearish RED -.309 -.057 -.366
---------------------------------------------------------------------------------------------
OIH 198.76 -5.21 229.18 -825.7% Bearish RED -.195 .031 -.164
---------------------------------------------------------------------------------------------
CPER 19.82 -.3 21.04 -336.9% Bearish RED -.326 .08 -.246
------------------------------------------------------------------------------------ ---------
TAN 74.35 -1.35 81.66 -619.2% Bearish RED .063 .13 .193
---------------------------------------------------------------------------------------------
UUP 30.66 .34 29.52 214.9% Bullish BLUE .253 .126 .379
---------------------------------------------------------------------------------------------
CORN 26.61 -.3 27.6 -86.2% Bullish RED .264 .158 .422
---------------------------------------------------------------------------------------------
WEAT 8.61 -.21 9.01 84.3% Bullish RED .12 .132 .252
---------------------------------------------------------------------------------------------
YINN 45.53 .74 51.58 -737.3% Bearish RED -.204 -.326 -.53
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/26/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
REGBANKS .32 .36 .4 .56 .6 .6
SOLAR .25 .375 .375 .5 .5 .687
FOOD .244 .306 .448 .428 .367 .367
FINANCE .225 .225 .325 .375 .55 .6
COMODITY .205 .282 .384 .384 .333 .333
HACKERS .187 .187 .187 .25 .312 .312
CHINA .18 .2 .18 .18 .18 .2
SOFTWARE .178 .178 .16 .232 .267 .285
GREEN .157 .157 .157 .315 .315 .526
BIOTECH .146 .162 .214 .247 .297 .314
INDEXES .135 .135 .167 .194 .264 .297
LOWPRICE .134 .142 .185 .238 .259 .283
ELECTRON .112 .12 .165 .24 .248 .293
CHEM .108 .108 .173 .195 .239 .326
RETAIL .106 .148 .234 .297 .319 .34
RUS-1000 .106 .121 .154 .212 .253 .293
COMPUTER .1 .1 .15 .15 .25 .3
SEMI .094 .115 .115 .2 .2 .263
REIT .092 .092 .107 .138 .192 .238
OILGAS .084 .132 .424 .443 .547 .622
GUNS .076 .076 .076 .076 .153 .153
MILITARY .076 .115 .346 .346 .384 .423
AUTO .075 .075 .15 .188 .207 .358
NIFTY .068 .09 .181 .204 .272 .227
NASD-100 .061 .061 .113 .154 .247 .247
INFRA .06 .06 .181 .212 .363 .424
SP500 .06 .086 .175 .212 .327 .397
FIDSTKS .053 .082 .165 .207 .349 .396
GAMING .052 0 0 .105 .157 .21
UTILITY .052 .236 .289 .315 .552 .684
HIGHPRIC .05 .066 .105 .175 .23 .289
INDMATER .041 .083 .194 .222 .263 .333
ETFS .036 .09 .163 .181 .181 .218
DOWJONES .033 0 .066 .066 .233 .3
SP-100 .033 .033 .166 .177 .311 .344
GOLD .021 .043 .173 .217 .195 .26
BONDFUND .011 .011 .011 .011 .011 0
BEVERAGE 0 0 .071 .142 .214 .214
BIGBANKS 0 0 .142 .285 .857 .857
COAL 0 0 .166 .333 .333 .333
COPPER 0 0 .125 0 .125 .25
DJI-13 0 0 0 0 .153 .307
EDU 0 0 0 0 0 .166
HOMEBLDG 0 0 .055 .055 .111 .222
HOSPITAL 0 0 .214 .285 .285 .357
INSURANC 0 .08 .08 .16 .28 .4
JETS 0 0 .076 .076 .307 .307
MARIJUAN 0 0 0 .1 .1 .3
TRANSP 0 0 0 .052 .21 .21
|
===================================================================================
Monday Sept 26 1:15 AM (PCT) Futures: DJI -91
NASDAQ -29 Data Used for 9/23/2022
| |
Friday DJIA 29590.41 -486.27 -1.62%
Nasdaq 10867.93 -198.88 -1.80%
Sell S4 Both Opening and Closing Powers are in falling
trends for the key ETFs. Breadth was very weak on Friday.
It is not clear how Peerless can give a major Buy signal
on Monday, unless breadth is extremely positive and we
get a Buy B19 - two day reversal.
On Friday, the DJI fell to a close slightly below its
previous lowest closing of the year and reached a point
about 20% below its high of the year. If the P-Indicator
were positive or much above its lows for year, we would
expect a rally. But the P-Indicator is now is now -689
and making a 12-month low. As you can see below in the
case 1973, this caused additional weakness. Bearishly,
too, now - we know from earlier studies that when the
FED is raising rates in September, the eariest bottom
has not been seen until October.
Usually weakness like we saw on Friday spills emotionally
over until the end of Monday. So, without a Buy signal
from Peerless, we must stay short a portfolio of the
bearish MINCPs and see what happens today.
The fact is that the DJI is at the bottom of its price-
regression channel. The DJI, as the market leader, thus
causes traders real concern and alarm now. Watch it
closely. A breakdown below the lower price channel now
would be very dangerous. We can see from the Bearish
MINCPs' charts that show such breakdowns.
The danger now is quite serious. A world-wide financial
crisis is developing as all the other major currencies
have reached the bottom of their prices channels versus
the Dollar or have made serious breakdowns. The FED's
rapid raising of rates is the cause of this. While this
fights inflation here and serves to shore up buying for
the 10-year US Treasuries world-wide, which is not an easy
task given its many trillions of Dollars of Debt, it has
the effect of making it much harder for foreigners to
buy US goods, services and stocks.
The FED's policies are very de-stabalizing world-wide.
Britain's new Conservative Prime Minister, for example,
is trying to fight the effects of FED tightening
by bringing avoiding raising UK rates as fast and
granting a big tax cut, something that could soon jeopardize
the popular national health care there and new town council
housing. See the charts of the falling foreign currencies shown
below. Without a foreign currency stabalization this coming
weak, a world-wide financial crisis will come much nearer.
This week, a variety of Fed officials will be talking about
the effects of their tightening of monetary policy here to
curb inflation. Watch to see how much they make of Crude Oil'a
and Gasoline's decline in prices. If they mention this
prominently, traders may take heart and believe the FED will
soften their rate increases. This is what the market needs to
see this week to calm down. The Jobs Report of the following week
will be interpreted in the light of these speeches.
|
|
| |
Sept 23
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80923.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-23/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-23/BEARISH.htm
|
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DJI re-tests of the 20% down from its high
tended to be successful when the breadth was
relatively strong and there a Buy B9 was
generated there at the lower band.
See Peerless DJI charts of 1981 and 1998.
But where breadth showed improvement, the re-test
succeeded for a while but then it worsened and
the 20% down level failed. See this in 1969-1970.
When the P-I was worsening on the re-test, the DJI
continued to fall. This was true in 1973 and 1974.
 |
 |
A financial
war is being waged by the Federal Reserve against all the other major currencies of the
world. Their advancing
US interest rates has caused the Dollar to be the strongest currency in the
world. Look at the
serious weakness in the other currencies below. This may help the Treasury finance
its
multi-trillion dollar
deficit, but it increases inflationary pressures overseas and hurts sales by US companies
overseas. It creates a
messy financial siutation overseas, too This helps explain the series of weak openings.
It is reminiscent of 1931,
when the Fed sharply raised its interest rates and the British Pound was forced
to go off its Gold Standard.
Back then, there were soon followed numberous bank failures which brought
about a great deepening of
the Depresson and a short selling plague by Professionals that casued the
DJI to lose more than 85% of
its value.
Euro - EUO Short is very
close to breaking out above its rising price channe.
British Pound - Crashing
below its falling price channels. This is very dangerous.
Canadian Dollar -
Serious breakdown below key support...
Japanese Yen
US Dollar - very close
to breaking out above its price channel.
 |
Table 1 Breadth Statistics
---------------------------------------
9/23/2002
DJIA 29590.41 -486.27 -1.62%
S&P 500 3693.23 -64.76 -1.72%
Nasdaq 10867.93 -198.88 -1.80%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,400 3,401 3,360
Advances 410 578 861
Declines 2,877 2,672 2,347
Unchanged 113 151 152
New highs 8 10 13
New lows 1106 726 36
bearish
Adv. volume* 93,141,016 195,542,981 680,333,547
Decl. volume* 999,472,478 707,914,660 2,670,310,517
Total volume* 1,095,998,104 909,852,179 3,384,036,581
Closing Arms (TRIN)† 1.40 0.70 1.63
Block trades* 5,790 4,957 6,268
Adv. volume 471,235,082 1,003,594,889 1,443,409,033
Decl. volume 4,644,639,254 3,237,206,720 6,414,652,650
Total volume 5,144,272,985 4,284,601,625 7,954,652,402
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,925 4,942 4,835
Advances 939 972 1,413
Declines 3,710 3,663 3,154
bearish
Unchanged 276 307 268
New highs 23 25 26
New lows 1,224 929 477
bearish
% of stocks making new lows..,
Closing Arms (TRIN)† 0.70 0.70 1.54
Block trades 33,541 31,196 29,531
Adv. volume 1,356,164,945 1,346,388,819 1,661,082,920
Decl. volume 3,748,521,127 3,539,899,308 5,701,090,086
Total volume 5,134,356,420 4,916,473,053 7,451,844,063
|
Table 2
QUICKSILVER on ETFS - 9/23/2022 Bullish = 1 CORN
Bearish = 4 SOXL, GLD, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 295.86 -4.66 310.15 -199.5% Bearish RED -.064 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 10867.93 -198.88 11535.02 -256% Bearish RED .039 0 .039
---------------------------------------------------------------------------------------------
SPY 367.95 -6.27 388.55 -230.5% Bearish RED -.045 .008 -.037
---------------------------------------------------------------------------------------------
QQQ 275.51 -4.56 291.05 -241% Bearish RED -.021 -.005 -.026
---------------------------------------------------------------------------------------------
MDY 407.87 -8.73 438.92 -295.4% Bearish RED -.053 .024 -.029
---------------------------------------------------------------------------------------------
IWM 167.31 -4.08 180.52 -330.2% Bearish RED .021 .021 .042
---------------------------------------------------------------------------------------------
FAS 58.6 -2.72 72.34 -854.8% Bearish RED -.017 .04 .023
---------------------------------------------------------------------------------------------
RETL 6.89 -.24 8.68 -926.9% Bearish BLUE -.051 -.074 -.125
---------------------------------------------------------------------------------------------
SOXL 10.03 -.48 12.26 -876.1% Bearish ---- -.008 -.253 -.261 ---
---------------------------------------------------------------------------------------------
TECL 24.41 -.99 28.03 -548.2% Bearish RED -.007 -.149 -.156
---------------------------------------------------------------------------------------------
IBB 115.32 -1.41 121.8 -318.4% Bearish RED .048 -.016 .032
---------------------------------------------------------------------------------------------
GLD 153.01 -2.69 155.96 -90.9% Bearish RED -.33 -.005 -.335
---------------------------------------------------------------------------------------------
DBO 15.17 -.86 16.28 -331.9% Bearish RED -.279 -.047 -.326 ---
---------------------------------------------------------------------------------------------
OIH 203.97 -19.44 235.65 -652% Bearish RED -.144 .049 -.095
---------------------------------------------------------------------------------------------
CPER 20.12 -.7 21.22 -283.1% Bearish RED -.279 .066 -.213
---------------------------------------------------------------------------------------------
TAN 75.7 -2.77 84.29 -565% Bearish RED .122 .098 .22
---------------------------------------------------------------------------------------------
UUP 30.32 .47 29.38 155.4% Bullish BLUE .19 .079 .269
---------------------------------------------------------------------------------------------
CORN 26.91 -.51 27.08 -33% Bullish RED .306 .142 .448
---------------------------------------------------------------------------------------------
WEAT 8.82 -.28 8.46 50.7% Bullish RED .108 .11 .218
---------------------------------------------------------------------------------------------
YINN 44.79 -1.87 52.7 -723.9% Bearish BLUE -.05 -.382 -.432
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/23/22
None of the Tiger groups show a majority of it stocks
are above their 65-dma. There is no group leadership.
12 groups of the 49 show all their stocks below the 65-dma.
This includes the DJ-30.
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SOLAR .375 .375 .5 .5 .687 .687
REGBANKS .36 .4 .56 .6 .6 .56
FOOD .306 .448 .408 .367 .367 .346
COMODITY .282 .384 .358 .333 .333 .333
UTILITY .236 .289 .315 .552 .684 .578
FINANCE .225 .325 .375 .537 .6 .537
CHINA .2 .18 .18 .18 .2 .22
HACKERS .187 .187 .25 .312 .312 .375
SOFTWARE .178 .178 .232 .267 .285 .303
BIOTECH .162 .212 .25 .297 .322 .369
GREEN .157 .157 .315 .315 .526 .421
RETAIL .148 .234 .297 .319 .34 .319
LOWPRICE .145 .185 .24 .259 .28 .32
INDEXES .135 .167 .194 .264 .297 .281
OILGAS .132 .424 .443 .547 .622 .575
RUS-1000 .121 .156 .215 .255 .298 .281
ELECTRON .12 .165 .24 .248 .285 .278
MILITARY .115 .346 .346 .384 .423 .346
SEMI .115 .115 .2 .2 .252 .252
CHEM .108 .173 .217 .217 .347 .217
COMPUTER .1 .15 .15 .25 .3 .3
REIT .092 .1 .146 .2 .246 .207
ETFS .09 .163 .181 .181 .236 .163
NIFTY .09 .181 .204 .272 .227 .227
SP500 .086 .175 .212 .325 .406 .333
INDMATER .083 .194 .222 .263 .333 .236
FIDSTKS .082 .165 .207 .349 .396 .349
INSURANC .08 .08 .16 .28 .4 .32
GUNS .076 .076 .076 .153 .153 .153
AUTO .075 .15 .188 .207 .377 .283
HIGHPRIC .066 .105 .175 .23 .296 .257
NASD-100 .061 .113 .144 .247 .257 .226
INFRA .06 .181 .212 .363 .424 .242
GOLD .043 .173 .217 .195 .239 .173
SP-100 .033 .166 .177 .311 .344 .3
BONDFUND .011 .011 .011 .011 .011 0
============================================================================
BEVERAGE 0 .071 .142 .214 .214 .214
BIGBANKS 0 .142 .285 .857 .857 .857
COAL 0 .166 .333 .333 .333 .333
COPPER 0 .125 0 .125 .25 0
DJI-13 0 0 0 .153 .307 .076
DOWJONES 0 .066 .066 .233 .3 .2
EDU 0 0 0 0 .166 .166
GAMING 0 0 .052 .21 .21 .21
HOMEBLDG 0 .055 .055 .111 .222 .055
HOSPITAL 0 .214 .285 .285 .357 .285
JETS 0 .076 .076 .307 .307 .23
MARIJUAN 0 0 .1 .1 .3 .1
TRANSP 0 0 .052 .21 .21 .157
|
===================================================================================
Friday Sept 23 5:00 AM (PCT) Futures: DJI -348
NASDAQ -152 Data Used for 9/22/2022
| |
Thursday: DJIA
30076.68 -107.10
-0.35%
Nasdaq 11066.81 -153.39
-1.37%
Peerless Sell S4
The DJI is testing its lowest closing of the year this morning.
That close was 29988.78.
The openiing will probably penetrate this level. Although,
there should be some support
around 29450, the point at which the DJI is down 20% from its
highs, we can't count on
it. From Table 3 we see no significant strength anywhere in
the market. All 49 of our
categories of stocks shows a majority now below the support of their
65-dma. And
from Table 1, we see a total of more than 1650 new lows. The odds
heavily favor shorting
the bearish MINCPs. These are all stocks showing Closing Power
new lows and
heavy red Accumulation. We have strongly suggested avoiding the long
side and being
short some bearish MINCPs. You should not go down with this ship.
Nor should you,
at this stage, be betting on a rally. Perhaps, there will be a
reversal on Tuesday next
week. But in the meantime, we need to see a real selling climax
Friday and Monday.
And even then, our historical studies tell us to wait until October
before expecting
a real bottom since interest rates are on the rise in September.
We will have to wait and see. Perhaps, Fed Chairman Powell may
still change
his mind and soften his hawkishness if sees how fast stocks can plunge
unless he offers
some hope. Next month's Job Report may still not show much
economic deterioration.
And though Ten-Year rates have risen a lot from a year ago, they have
not even reached
4%.
The breakdown by FAS and big banks (shown below) bears close watching.
Bank
stocks most closely match the DJI. It would be dangerous if they
were to start
falling like they did in 2007-2008. I don't think that the FED
will allow that to happen.
Usually, the end of a bear market comes when the blue chips show real
panic.
As you can see from the fact that the NASDAQ was again much weaker than
the
DJI today, we are not yet at point. So stay short and avoid the
long side. .
|
|
| |
Sept 22
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80922.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-22/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
Lowest Power Ranked - Bearish MINCP
 |
Table 1 Breadth Statistics
---------------------------------------
DJIA 30076.68 -107.10 -0.35%
Nasdaq 11066.81 -153.39 -1.37%
S&P 500 3757.99 -31.94 -0.84%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,401 3,376 3,357
Advances 578 914 937
Declines 2,672 2,299 2,281
bearish
Unchanged 151 163 139
New highs 10 22 18
New lows 726 372 176
Adv. volume* 195,542,981 109,274,723 324,261,249
Decl. volume* 707,914,660 767,756,440 649,003,433
Total volume* 909,852,179 885,092,644 984,815,526
Closing Arms (TRIN)† 0.70 2.45 0.74
Block trades* 4,957 4,483 4,140
Adv. volume 1,003,594,889 564,143,113 1,567,973,442
Decl. volume 3,237,206,720 3,469,805,368 2,831,784,374
Total volume 4,284,601,625 4,078,337,130 4,441,839,414
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,942 4,959 4,871
Advances 972 1,326 1,947
Declines 3,663 3,277 2,614
Unchanged 307 356 310
New highs 25 35 24
New lows 929 621 266
total new lows = 1655 new highs = 35
bearish
Closing Arms (TRIN)† 0.70 1.17 1.11
Block trades 31,196 24,848 26,694
Adv. volume 1,346,388,819 1,128,828,501 1,906,940,538
Decl. volume 3,539,899,308 3,275,513,474 2,851,182,952
Total volume 4,916,473,053 4,471,008,412 4,805,914,777
|
Table 2 QUICKSILVER on ETFS - 9/22/2022
Bullish = 3 TAN, CORN. WEAT
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 300.52 -1.29 308.05 -160% Bearish RED -.079 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11066.81 -153.38 11448.4 -212.3% Bearish RED .032 .007 .039
---------------------------------------------------------------------------------------------
SPY 374.22 -3.17 385.56 -206.4% Bearish RED -.059 .011 -.048
---------------------------------------------------------------------------------------------
QQQ 280.07 -3.49 289.32 -191% Bearish RED -.033 .004 -.029
---------------------------------------------------------------------------------------------
MDY 416.6 -9.38 433.23 -284.5% Bearish RED -.06 .024 -.036
---------------------------------------------------------------------------------------------
IWM 171.39 -3.95 178.99 -286.2% Bearish RED .027 .024 .051
---------------------------------------------------------------------------------------------
FAS 61.32 -3.36 70.14 -780.7% Bearish RED -.035 .015 -.02
---------------------------------------------------------------------------------------------
RETL 7.13 -.62 8.37 -957.6% Bearish RED -.11 -.09 -.2
---------------------------------------------------------------------------------------------
SOXL 10.51 -.89 12.06 -589.9% Bearish RED -.042 -.186 -.228
---------------------------------------------------------------------------------------------
TECL 25.4 -.81 27.36 -440% Bearish RED -.037 -.105 -.142
---------------------------------------------------------------------------------------------
IBB 116.73 -1.18 122.96 -301.3% Bearish RED .067 -.032 .035
---------------------------------------------------------------------------------------------
GLD 155.7 -.09 155.84 23.1% Bearish RED -.3 -.013 -.313
---------------------------------------------------------------------------------------------
DBO 16.03 .06 16.24 -52.6% Bearish RED -.217 -.013 -.23
---------------------------------------------------------------------------------------------
OIH 223.41 -1.33 233.88 -400% Bearish RED -.042 .098 .056
---------------------------------------------------------------------------------------------
CPER 20.82 .13 21.31 -14.3% Bearish RED -.289 .062 -.227
---------------------------------------------------------------------------------------------
TAN 78.47 -2.76 84.98 -391.9% ------- RED .145 .127 .272
---------------------------------------------------------------------------------------------
UUP 29.85 .04 29.4 76.3% Bullish BLUE .13 .059 .189
---------------------------------------------------------------------------------------------
CORN 27.42 .06 27.09 71.6% Bullish ---- .309 .163 .472
---------------------------------------------------------------------------------------------
WEAT 9.1 .03 8.73 308% Bullish BLUE .173 .116 .289
---------------------------------------------------------------------------------------------
YINN 46.66 -.74 52.04 -777.8% Bearish RED -.148 -.395 -.543
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/22/22
All 49 groupings have a majority of their stocks below their 65-dma.
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
FOOD .448 .408 .346 .367 .346 .367
OILGAS .424 .443 .547 .622 .575 .66
REGBANKS .4 .56 .6 .6 .56 .52
COMODITY .384 .358 .307 .333 .333 .333
SOLAR .375 .5 .5 .687 .687 .687
MILITARY .346 .346 .384 .423 .346 .423
FINANCE .325 .375 .537 .587 .537 .55
UTILITY .289 .315 .552 .684 .631 .657
RETAIL .234 .297 .319 .34 .319 .361
HOSPITAL .214 .285 .285 .357 .285 .357
BIOTECH .212 .247 .3 .322 .377 .451
INDMATER .194 .222 .263 .333 .25 .305
HACKERS .187 .25 .312 .312 .375 .375
LOWPRICE .187 .24 .261 .28 .32 .328
INFRA .181 .212 .363 .424 .303 .363
NIFTY .181 .204 .272 .227 .227 .272
CHINA .18 .18 .18 .2 .22 .26
SOFTWARE .178 .25 .267 .285 .303 .339
SP500 .175 .212 .325 .404 .345 .4
======
CHEM .173 .217 .239 .326 .239 .326
GOLD .173 .217 .195 .239 .173 .152
INDEXES .167 .194 .264 .297 .275 .345
COAL .166 .333 .333 .333 .333 .5
SP-100 .166 .177 .311 .344 .3 .333
ELECTRON .165 .24 .248 .285 .278 .3
FIDSTKS .165 .207 .349 .396 .36 .431
ETFS .163 .181 .181 .236 .181 .181
GREEN .157 .315 .315 .526 .421 .526
RUS-1000 .156 .217 .258 .301 .288 .326
AUTO .15 .188 .207 .377 .283 .32
COMPUTER .15 .15 .25 .3 .3 .2
BIGBANKS .142 .285 .857 .857 .857 .857
COPPER .125 0 .125 .25 0 0
SEMI .115 .2 .2 .252 .252 .252
NASD-100 .113 .144 .237 .257 .237 .268
=====
HIGHPRIC .105 .175 .23 .296 .261 .32
REIT .1 .138 .207 .253 .223 .223
INSURANC .08 .16 .28 .4 .32 .4
GUNS .076 .076 .153 .153 .153 .153
JETS .076 .076 .307 .307 .23 .461
BEVERAGE .071 .142 .214 .214 .214 .214
DOWJONES .066 .066 .233 .3 .2 .266
=====
HOMEBLDG .055 .055 .111 .222 .055 .111
BONDFUND .011 .011 .011 .011 .011 .022
DJI-13 0 0 .153 .307 .076 .23
EDU 0 0 0 .166 .166 .166
GAMING 0 .052 .157 .263 .21 .263
MARIJUAN 0 .1 .1 .3 .1 .3
TRANSP 0 .052 .21 .21 .157 .368
|
====================================================================================
Thursday Sept 22 4:10 AM (PCT) Futures: DJI +85 NASDAQ +15 Data Used for 9/21/2022
| |
Wednesday: DJI
30183.78 -522.45 -1.70%
Peerless Sell S4
Talk about ugly. Today the
DJI fell 730 points in the last hour. Our Bearish MINCPs
fell dramatically, too. And
there were a total of 993 new lows on the NASDAQ and
NYSE. The Sell S16 has kept
us short the Bearish MINCPs, but the violent whip-saw
of the Closing Power has caused us
to prematurely cover the short-sales of DIA,
SPY and QQQ early on Wednesday
before the rate hike was announced.
I can't recall a one-hour decline
of this magnitude. The breadth figures were not
this bad. So, some kind of
brief recovery in the major ETFs seems likely.
What caused the violent
sell-off at the Close? We have to believe that this was
the result of an absence of
shorts seeking to cover because of the earlier-in-the-day
rally, big institutional sell
orders in an illiquid market and comments from the FED
late in the day. The
3/4% jump of rates to 3 1/4%-3 1/2% did not come as a
surprise. What shook up
the market was talk of rates rising to 4 1/2% this Autumn
and Powell's bluntness:
"We have got to get inflation behind us...I wish there were a
painless way to do that;
there isn’t.” So much for all his talk and his promise to
find a "smooth
landing".
So, now we have the DJI down
almost to the round number 30,000. This is where
there should be support down
to 29400, the level down 10% from the yearly highs.
With the Closing Powers
falling again, that looks like where we are headed. Any rally
before 29500 is reached will
probably fail. Typically, there is no botttom until
October when the FED is
raising rates in September..
The best short sales have
been those stocks showing heavy red distribution that are
breaking below their falling
support lines. This is where the air-pockets are and
where prices fall fastest at
this stage of the decline. |
|
| |
Sept 21st
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80921.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-21/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-21/BEARISH.htm |
|
 |
See below how sharply how all the
Closing Powers today whipawed down.
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/21/22
DJIA 30183.78 -522.45 -1.70%
Nasdaq 11220.19 -204.86 -1.79%
S&P 500 3789.93 -66.00 -1.71%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,376 3,389 3,367
Advances 914 567 1,662
Declines 2,299 2,682 1,526
Unchanged 163 140 179
New highs 22 13 33
New lows 372 395 183
Adv. volume* 109,274,723 87,057,315 499,874,090
Decl. volume* 767,756,440 788,860,860 476,970,840
Total volume* 885,092,644 890,485,984 994,354,355
Closing Arms (TRIN)† 2.45 1.44 0.98
bearish
Block trades* 4,483 4,501 4,080
Adv. volume 564,143,113 511,480,890 2,209,410,531
Decl. volume 3,469,805,368 3,475,300,371 1,995,220,470
Total volume 4,078,337,130 4,058,052,022 4,293,241,980
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,959 4,951 4,878
Advances 1,326 1,265 2,217
Declines 3,277 3,366 2,348
Unchanged 356 320 313
New highs 35 29 38
New lows 621 557 271
bearish
Closing Arms (TRIN)† 1.17 1.09 0.55
Block trades 24,848 21,866 30,403
Adv. volume 1,128,828,501 1,024,769,411 3,022,977,878
Decl. volume 3,275,513,474 2,972,507,064 1,745,192,946
Total volume 4,471,008,412 4,028,109,411 4,861,534,597
Decl. volume 2,972,507,064 1,782,864,886 4,048,272,740
Total volume 4,028,109,411 4,168,670,920 5,188,381,204
|
Table 2 QUICKSILVER on ETFS - 9/21/2022
Bullish = 3 TAN, CORN. WEAT
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 301.81 -5.21 310.36 -165.6% Bearish RED -.079 0 -.079
---------------------------------------------------------------------------------------------
COMPQX 11220.19 -204.86 11552.36 -216.5% Bearish RED .039 .022 .061
---------------------------------------------------------------------------------------------
SPY 377.39 -6.7 390.12 -221.4% Bearish RED -.047 .017 -.03
---------------------------------------------------------------------------------------------
QQQ 283.56 -5.17 291.1 -214.1% Bearish RED -.031 .017 -.014
---------------------------------------------------------------------------------------------
MDY 425.98 -5.68 441.31 -206.1% Bearish RED -.03 .046 .016
---------------------------------------------------------------------------------------------
IWM 175.34 -2.72 181.63 -211.2% Bearish RED .052 .049 .101
---------------------------------------------------------------------------------------------
FAS 64.68 -4.36 72.2 -484.8% Bearish RED -.005 .039 .034
---------------------------------------------------------------------------------------------
RETL 7.75 -.24 8.72 -542.1% Bearish RED -.064 -.012 -.076
---------------------------------------------------------------------------------------------
SOXL 11.4 -.3 11.91 -438.8% Bearish RED -.021 -.095 -.116
---------------------------------------------------------------------------------------------
TECL 26.21 -1.31 27.81 -666.4% Bearish RED -.047 -.082 -.129
---------------------------------------------------------------------------------------------
IBB 117.91 -2.64 124.05 -245% Bearish RED .079 -.019 .06
---------------------------------------------------------------------------------------------
GLD 155.79 .72 154.98 -68.6% ------- RED -.283 -.005 -.288
---------------------------------------------------------------------------------------------
DBO 15.97 -.1 16.2 -275.5% Bearish RED -.177 -.006 -.183
---------------------------------------------------------------------------------------------
OIH 224.74 -4.44 242.06 -500.9% ------- RED .025 .098 .123
---------------------------------------------------------------------------------------------
CPER 20.69 -.35 20.88 -101.8% Bearish RED -.262 .08 -.182
---------------------------------------------------------------------------------------------
TAN 81.23 -.43 85.01 -419.5% Bullish RED .184 .177 .361
---------------------------------------------------------------------------------------------
UUP 29.81 .29 29.4 73.1% Bearish BLUE .106 .058 .164
---------------------------------------------------------------------------------------------
CORN 27.36 -.24 27.03 11% Bullish RED .324 .183 .507
---------------------------------------------------------------------------------------------
WEAT 9.07 .06 8.56 108.8% Bullish ---- .162 .115 .277
---------------------------------------------------------------------------------------------
YINN 47.4 -4.18 54.7 -727.9% Bearish RED -.093 -.394 -.487
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/21/22
Bullish = 2
Bearish = 47
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
REGBANKS .56 .6 .6 .56 .52 .48
SOLAR .5 .5 .687 .687 .687 .687
==============================================================================================
OILGAS .443 .547 .622 .575 .65 .754
FOOD .408 .346 .346 .346 .367 .469
FINANCE .375 .537 .587 .525 .537 .512
COMODITY .358 .307 .307 .333 .333 .435
MILITARY .346 .384 .423 .346 .423 .423
COAL .333 .333 .333 .333 .5 .666
GREEN .315 .315 .526 .421 .526 .631
UTILITY .315 .552 .684 .631 .657 .789
RETAIL .297 .319 .34 .319 .361 .382
BIGBANKS .285 .857 .857 .857 .857 .857
HOSPITAL .285 .285 .357 .285 .357 .285
HACKERS .25 .312 .312 .375 .375 .375
SOFTWARE .25 .285 .285 .303 .339 .375
BIOTECH .247 .297 .325 .377 .465 .432
LOWPRICE .243 .261 .283 .32 .333 .312
ELECTRON .24 .248 .285 .278 .293 .33
INDMATER .222 .263 .333 .25 .319 .347
CHEM .217 .239 .347 .217 .347 .391
GOLD .217 .195 .239 .173 .152 .152
RUS-1000 .217 .26 .303 .291 .321 .334
INFRA .212 .363 .424 .303 .363 .393
SP500 .212 .325 .404 .343 .406 .45
FIDSTKS .207 .349 .396 .36 .426 .449
NIFTY .204 .272 .227 .227 .272 .318
SEMI .2 .2 .252 .252 .252 .263
INDEXES .194 .264 .297 .275 .362 .405
AUTO .188 .207 .377 .283 .32 .358
ETFS .181 .181 .236 .181 .2 .236
CHINA .18 .18 .2 .22 .26 .28
SP-100 .177 .311 .344 .3 .333 .355
======
HIGHPRIC .175 .23 .296 .261 .332 .375
INSURANC .16 .28 .4 .32 .4 .4
COMPUTER .15 .25 .3 .3 .2 .4
NASD-100 .144 .237 .247 .237 .278 .319
======
BEVERAGE .142 .214 .214 .214 .214 .214
REIT .138 .2 .261 .23 .23 .276
MARIJUAN .1 .1 .3 .1 .3 .4
GUNS .076 .153 .153 .153 .153 .153
JETS .076 .307 .307 .23 .461 .461
DOWJONES .066 .233 .3 .2 .266 .266
=====
HOMEBLDG .055 .111 .222 .055 .111 .166
GAMING .052 .157 .21 .263 .263 .315
TRANSP .052 .21 .21 .157 .368 .526
BONDFUND .011 .011 .011 .011 .034 .045
COPPER 0 .125 .25 0 0 0
DJI-13 0 .153 .307 .076 .23 .23
EDU 0 0 .166 .166 .166 .166
|
===================================================================================
Wednesday Sept 21 5:30 AM (PCT) Futures: DJI +116 NASDAQ +17 Data Used for 9/20/2022
| |
DJI Close - Tuesday - 30706.23
The Peerless Sell S4 has not been reversed but the key
ETFs' Closing Powers
have broken their steep-downtrendlines and their IP21s
(current Accumulation
Indexes) have broken their downtrends, too. New lows
are way above new
highs. But in a few hours, we learn what the FED will
be doing in the way of
raising rates to fight inflation. In this sense, the
"bad news" will thus be out
for a while and the market, as measured by the key Indexes
and ETFs below,
should be due for a bounce or a rally unless the FED does
the unexpected
and raises rates by a full percentage and promises more
rates this Fall.
Take your profits in DIA, SPY
and QQQ now. Stay short the many bearish
MINCPs. We need to see what the FED does next. |
|
| |
Sept 20th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80920.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-20/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-20/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/20/22
DJIA 30706.23 -313.45 -1.01
S&P 500 3855.93 -43.96 -1.13
Nasdaq 11425.05 -109.97 -0.95
NYSE Latest Close Previous Close Week Ago
Issues traded 3,389 3,380 3,381
Advances 567 1,865 379
Declines 2,682 1,344 2,893
Unchanged 140 171 109
New highs 13 15 17
New lows 395 229 105
bearish
Adv. volume* 87,057,315 663,495,259 38,373,394
Decl. volume* 788,860,860 230,580,098 888,931,558
Total volume* 890,485,984 905,924,610 930,602,262
Closing Arms (TRIN)† 1.44 0.46 2.48
Block trades* 4,501 4,334 4,035
Adv. volume 511,480,890 2,795,514,699 211,243,122
Decl. volume 3,475,300,371 921,433,793 3,991,336,973
Total volume 4,058,052,022 3,766,853,405 4,224,557,272
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,951 4,965 4,852
Advances 1,265 2,145 993
Declines 3,366 2,501 3,635
Unchanged 320 319 224
New highs 29 42 37
New lows 557 489 210
bearish
Closing Arms (TRIN)† 1.09 0.66 0.99
Block trades 21,866 23,665 29,390
Adv. volume 1,024,769,411 2,331,923,354 1,116,199,447
Decl. volume 2,972,507,064 1,782,864,886 4,048,272,740
Total volume 4,028,109,411 4,168,670,920 5,188,381,204
|
Table 2 QUICKSILVER on ETFS - 9/20/2022
Bullish = 2 TAN, CORN
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 307.02 -3.13 312.06 -75.9% Bearish RED -.031 ---- ---
---------------------------------------------------------------------------------------------
COMPQX 11425.05 -109.97 11719.68 -90.1% Bearish RED .049 .02 .069
---------------------------------------------------------------------------------------------
SPY 384.09 -4.46 394.6 -115.4% Bearish RED -.01 .015 .005
---------------------------------------------------------------------------------------------
QQQ 288.73 -2.32 296.03 -85% Bearish BLUE .007 .014 .021
---------------------------------------------------------------------------------------------
MDY 431.66 -7.26 444.03 -139.2% Bearish RED .014 .047 .061
---------------------------------------------------------------------------------------------
IWM 178.06 -2.46 182.96 -115.6% ------- RED .09 .05 .14
---------------------------------------------------------------------------------------------
FAS 69.04 -3.3 71.57 -214.2% Bearish RED .047 .078 .125
---------------------------------------------------------------------------------------------
RETL 7.99 -.69 8.67 -422.8% Bearish RED -.051 .01 -.041
---------------------------------------------------------------------------------------------
SOXL 11.7 -.56 12.46 -160.4% Bearish RED .033 -.079 -.046
---------------------------------------------------------------------------------------------
TECL 27.52 -.51 29.96 -362.5% Bearish BLUE -.027 -.087 -.114
---------------------------------------------------------------------------------------------
IBB 120.55 -1.25 123.92 -93% Bearish RED .135 -.015 .12
---------------------------------------------------------------------------------------------
GLD 155.07 -.89 157.93 -110.8% ------- ---- -.308 -.024 -.332
---------------------------------------------------------------------------------------------
DBO 16.07 -.21 16.87 -182.3% Bearish RED -.094 -.076 -.17
---------------------------------------------------------------------------------------------
OIH 229.18 -6.47 248.57 -222.9% ------- RED .088 .069 .157
---------------------------------------------------------------------------------------------
CPER 21.04 -.18 21.12 -40.2% ------- ---- -.182 .034 -.148
---------------------------------------------------------------------------------------------
TAN 81.66 -2.63 88.35 -291.2% Bullish RED .22 .133 .353
---------------------------------------------------------------------------------------------
UUP 29.52 .14 29.38 13.6% Bearish ---- .129 .036 .165
---------------------------------------------------------------------------------------------
CORN 27.6 .52 27.3 5.5% Bullish BLUE .357 .116 .473
---------------------------------------------------------------------------------------------
WEAT 9.01 .55 8.88 144% Bullish BLUE .175 .046 .221
---------------------------------------------------------------------------------------------
YINN 51.58 -1.12 55.15 -324.5% Bearish RED -.049 -.369 -.418
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/20/22
Bullish = 5
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS .857 .857 .857 .857 .857 .857
REGBANKS .6 .6 .56 .52 .48 .44
UTILITY .552 .684 .631 .657 .789 .789
OILGAS .547 .622 .575 .65 .745 .669
FINANCE .537 .587 .525 .525 .525 .512
============================================================================================
SOLAR .5 .687 .687 .687 .687 .687
MILITARY .384 .423 .346 .423 .461 .423
INFRA .363 .424 .303 .363 .393 .545
FIDSTKS .349 .396 .36 .426 .455 .402
FOOD .346 .346 .326 .367 .469 .489
COAL .333 .333 .333 .5 .666 .333
SP500 .325 .404 .343 .404 .456 .474
=====
RETAIL .319 .34 .319 .361 .404 .382
GREEN .315 .526 .421 .526 .631 .631
HACKERS .312 .312 .375 .375 .375 .375
SP-100 .311 .344 .3 .333 .355 .366
COMODITY .307 .307 .307 .333 .435 .435
JETS .307 .307 .23 .461 .461 .23
BIOTECH .297 .322 .38 .465 .446 .44
HOSPITAL .285 .357 .285 .357 .285 .357
SOFTWARE .285 .303 .303 .339 .375 .392
INSURANC .28 .4 .32 .4 .4 .4
NIFTY .272 .227 .227 .272 .318 .295
INDEXES .264 .297 .275 .362 .405 .432
LOWPRICE .264 .283 .322 .333 .317 .351
INDMATER .263 .333 .25 .319 .347 .43
RUS-1000 .26 .306 .293 .324 .336 .384
COMPUTER .25 .3 .3 .2 .4 .3
ELECTRON .248 .285 .278 .293 .323 .345
CHEM .239 .347 .239 .326 .413 .434
NASD-100 .237 .247 .226 .278 .329 .298
=====
DOWJONES .233 .3 .2 .266 .266 .2
=====
HIGHPRIC .23 .296 .261 .332 .382 .378
BEVERAGE .214 .214 .214 .214 .214 .214
TRANSP .21 .21 .157 .368 .526 .421
AUTO .207 .377 .283 .32 .358 .358
REIT .2 .253 .238 .238 .276 .369
SEMI .2 .252 .252 .252 .252 .273
GOLD .195 .239 .173 .152 .152 .13
ETFS .181 .236 .181 .2 .254 .236
CHINA .18 .2 .22 .26 .28 .28
GAMING .157 .21 .21 .315 .315 .315
DJI-13 .153 .307 .076 .23 .23 .076
GUNS .153 .153 .153 .153 .153 .153
COPPER .125 .25 0 0 0 .125
HOMEBLDG .111 .222 .055 .111 .166 .222
MARIJUAN .1 .3 .1 .3 .4 .4
BONDFUND .011 .011 .011 .034 .057 .068
EDU 0 .166 .166 .166 .166 .166
|
====================================================================================
Tuesday: Sept 20 5:36 AM (PCT) Futures: DJI -191
NASDAQ -95 Data Used for 9/19/2022
| |
DJI Close Monday - 31019.68.
The Peerless Sell S4 has not been reversed but
the key ETFs' Closing Powers
all broke their steep-downtrendlines.
Professionals are again buying at the close,
either because they are trying to make the
market look stronger than it really
is or because they have advance- knowledge that
the FED will not be raising
rates by 1% and Powell will again be talking
about a soft-landing to try to
make the market run up again.
It's true that DJIA 30000-31000 is acting as
support. But the last time that
Professionals ran up the market, just before
the latest CPI numbers came out,
they were entirely mistaken and the DJI lost
all the gain the Pro-buying had
produced over the four previous days in just
one day. The downside-volatility
is greater than they can support. And the
upside appears limited by the
completed head/shoulders patterns overhead.
At least, that is my judgement
here, also taking into account how bottoms are
just not made in September
when the FED is raising rates in September.
I also suspect that Powell's
credibility is on the line now and he dare not
appear too dovish.
As you can see from Table 1, there were many
more new lows than new
highs on the NASDAQ and also the NYSE.
Not only that, but just 30%
of the DJI-30 stocks are above the key support
of the 65-dma. Look
also at FAS below. It represents the
bigger Financials. It is vital that FAS
stays above 67. A breakdown here would
show the big banks' computerized
trading is no longer able to hold the market
up.
The Bullish MAXCPs show few good candidates to
buy, so any rally
here will most likely be of the short-covering
variety for DIA, SPY, QQQ
and the major market ETFs. It should not
have much effect on short sales
among our bearish MINCPs. Keep favoring
the bearish MINCPs that
break down below well-tested support as new
short sales.. |
|
| |
Sept 19th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80919.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-19/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/9-19/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/19/22
DJIA 31019.68 197.26 0.64%
S&P 500 3899.89 26.56 0.69%
Nasdaq 11535.02 86.62 0.76%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,380 3,360 3,377
Advances 1,865 861 2,430
Declines 1,344 2,347 771
Unchanged 171 152 176
New highs 15 13 42
New lows 229 362 37
bearish
Adv. volume* 663,495,259 680,333,547 706,583,989
Decl. volume* 230,580,098 2,670,310,517 107,815,285
Total volume* 905,924,610 3,384,036,581 830,185,254
Closing Arms (TRIN)† 0.46 1.63 0.48
Block trades* 4,334 6,268 3,804
Adv. volume 2,795,514,699 1,443,409,033 3,226,740,165
Decl. volume 921,433,793 6,414,652,650 487,365,822
Total volume 3,766,853,405 7,954,652,402 3,814,204,934
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,965 4,835 4,877
Advances 2,145 1,413 2,928
Declines 2,501 3,154 1,647
Unchanged 319 268 302
New highs 42 26 57
New lows 489 477 95
Bearish
Closing Arms (TRIN)† 0.66 1.54 0.67
Block trades 23,665 29,531 22,122
Adv. volume 2,331,923,354 1,661,082,920 2,981,295,719
Decl. volume 1,782,864,886 5,701,090,086 1,126,483,223
Total volume 4,168,670,920 7,451,844,063 4,146,687,257
|
Table 2 QUICKSILVER on ETFS - 9/19/2022
Bullish = 2 TAN, CORN
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 310.15 2.1 311.73 -230.1% Bearish BLUE -.062 ---------------
---------------------------------------------------------------------------------------------
COMPQX 11535.02 86.62 11633.57 -311.9% Bearish BLUE .027 .002 .029
---------------------------------------------------------------------------------------------
SPY 388.55 2.99 393.1 -283.9% Bearish BLUE -.042 .01 -.032
---------------------------------------------------------------------------------------------
QQQ 291.05 1.73 293.7 -332.4% Bearish BLUE -.024 -.004 -.028
---------------------------------------------------------------------------------------------
MDY 438.92 5.69 443.92 -249.1% ------- BLUE -.009 .047 .038
---------------------------------------------------------------------------------------------
IWM 180.52 1.53 182.25 -249.9% ------- BLUE .047 .039 .086
---------------------------------------------------------------------------------------------
FAS 72.34 2.2 72.11 -603.2% Bearish BLUE .024 .095 .119
---------------------------------------------------------------------------------------------
RETL 8.68 .31 8.72 -1027.5% Bearish BLUE -.063 .012 -.051
---------------------------------------------------------------------------------------------
SOXL 12.26 .2 12.09 -995.3% ------- BLUE .018 -.108 -.09
---------------------------------------------------------------------------------------------
TECL 28.03 .67 29.59 -1192.5% Bearish BLUE -.055 -.113 -.168
---------------------------------------------------------------------------------------------
IBB 121.8 -1.16 122.84 -274.3% ------- ---- .122 -.028 .094
---------------------------------------------------------------------------------------------
GLD 155.96 .12 158.54 -148.2% ------- BLUE -.385 -.029 -.414
---------------------------------------------------------------------------------------------
DBO 16.28 .04 16.67 -151% Bearish BLUE -.122 -.07 -.192
---------------------------------------------------------------------------------------------
OIH 235.65 1.77 239.88 -300.3% Bullish BLUE .101 .069 .17
---------------------------------------------------------------------------------------------
CPER 21.22 -.09 21.21 -124.7% Bearish BLUE -.174 .009 -.165
---------------------------------------------------------------------------------------------
TAN 84.29 -.69 86.66 -225.6% Bullish BLUE .231 .11 .341
---------------------------------------------------------------------------------------------
UUP 29.38 -.02 29.44 58% Bearish RED .132 .039 .171
---------------------------------------------------------------------------------------------
CORN 27.08 -.01 27.57 -95.2% Bullish BLUE .329 .086 .415
---------------------------------------------------------------------------------------------
WEAT 8.46 -.27 8.76 -166% Bullish RED .16 -.065 .095
---------------------------------------------------------------------------------------------
YINN 52.7 .66 55.08 -935.2% Bearish BLUE -.045 -.441 -.486
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/19/22
Bullish = 7
Bearish = 42
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS .857 .857 .857 .857 .857 1
=====
SOLAR .687 .687 .687 .687 .687 .625
UTILITY .684 .631 .657 .789 .789 .868
OILGAS .622 .575 .65 .745 .669 .83
REGBANKS .6 .56 .52 .48 .44 .8
=====
FINANCE .587 .525 .525 .512 .525 .787
=====
GREEN .526 .421 .526 .631 .631 .684
================================================================================================
INFRA .424 .303 .363 .393 .545 .818
MILITARY .423 .346 .423 .461 .423 .653
SP500 .404 .343 .404 .454 .476 .775
=====
INSURANC .4 .32 .4 .4 .4 .72
FIDSTKS .396 .36 .426 .455 .408 .781
AUTO .377 .283 .32 .358 .358 .622
HOSPITAL .357 .285 .357 .285 .357 .5
CHEM .347 .239 .347 .391 .456 .63
FOOD .346 .326 .346 .469 .469 .591
SP-100 .344 .3 .333 .355 .377 .722
RETAIL .34 .319 .361 .404 .382 .659
COAL .333 .333 .5 .666 .333 .5
INDMATER .333 .25 .319 .347 .43 .638
BIOTECH .322 .377 .468 .446 .446 .567
HACKERS .312 .375 .375 .375 .375 .687
COMODITY .307 .307 .307 .435 .435 .589
DJI-13 .307 .076 .23 .23 .153 .615
JETS .307 .23 .461 .461 .23 .538
RUS-1000 .306 .296 .326 .339 .384 .544
SOFTWARE .303 .321 .339 .375 .392 .66
COMPUTER .3 .3 .2 .4 .35 .5
DOWJONES .3 .2 .266 .266 .233 .6
====
MARIJUAN .3 .1 .3 .4 .4 .6
INDEXES .297 .275 .362 .405 .427 .708
HIGHPRIC .296 .261 .332 .382 .378 .777
ELECTRON .285 .278 .293 .323 .338 .511
LOWPRICE .285 .322 .335 .317 .351 .378
REIT .253 .23 .246 .284 .369 .63
SEMI .252 .252 .252 .252 .263 .442
COPPER .25 0 0 0 .125 .625
NASD-100 .247 .226 .268 .329 .309 .67
=====
GOLD .239 .173 .152 .152 .13 .304
ETFS .236 .181 .2 .254 .254 .618
NIFTY .227 .227 .272 .318 .318 .568
HOMEBLDG .222 .055 .111 .166 .222 .5
BEVERAGE .214 .214 .214 .214 .214 .571
GAMING .21 .21 .263 .368 .315 .631
TRANSP .21 .157 .368 .526 .421 .736
CHINA .2 .22 .26 .28 .3 .32
EDU .166 .166 .166 .166 .166 .333
GUNS .153 .153 .153 .153 .153 .23
BONDFUND .011 .011 .034 .057 .08 .08
|
===================================================================================
Monday: Sept 19 5:45 AM (PCT) Futures:
DJI -264 NASDAQ -112 Data Used for
9/16/2022
| |
DJI Close Friday - 30822.
The Peerless Sell S4 has not been
reversed. The coming FED rate hike this
week, expected to be 3/4% or
1% is again keeping the leading indexes
and general market ETFs shown below
under heavy selling pressure. The
DJI's round number, 30,000 and the
10% down-from-the-peak level at
29500 appear to be the down-side
targets. Covering the shorts in the
major market ETFs as the DJI
reaches 29,500 seems reasonable at this
point..
Let me bring the seasonality for
the DJI in the second year of a Presidential
Election year up to date.
Since 1966, the DJI has fallen in these years
64.3% of the time over the next two
weeks. But then something changes.
Over the next two months, it actually
rises 64.3% of the time. Octobers
tend to be killers of bear markets,
even when rates rise in September.
Take one of the worst cases, 1931.
Back after the 1929 Crash, the Fed
steadily lowered its discount rate
from 6% in October of 1929 to 1.5%,
in June 1931. The central bank, then raised the rate from 1.5%
to 2.76%
in October 1931, and to 3.5%
in November 1931. (It was afraid of a run
on the Dollar, as had just
happened to the Pound Sterling) . Hundreds of
banks started to FAIL and
Professionals organized pools to short the market.
The NYSE, at the behest of
President Hoover, limited short sales in October
1931. The market sprang
upwards in response from near 86 to 115, a
20%+ rally in 5 weeks.
From there is began a steep decline again as the
Depression worsened and many
more banks failed.
The increase in interest
rates now is somewhat comparable to the 1931
period. Weakness in the
Pound bears some similarities, too. But the
banks now appear to be in
much better condition. See in Table 3 that
87% of the Big Banks are
still above their 65-dma and even a majority
of Financials are still above
their 65-dma.
What is worse now is the way
the FED is allowing the trillion in bonds
it bought simply expire
without renewal. This hurts the Bond market the
most. And it will drive
up rates and that will hurt the economy. But so
far, there is no recession
and there are no bank failures. So, 29,500
is our downside goal.
And, it is possible, there will be a coup against
Putin. That would be
quite bullish. |
|
| |
Sept 16th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80916.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-16/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/9-16/BEARISH.htm
|
|
 |
 |
 |
 |
 |
| |
Table 1 Breadth Statistics
---------------------------------------
9/16/2022
DJIA 30822.42 -139.40 -0.45%
Nasdaq 11448.40 -103.95 -0.90%
S&P 500 3873.33 -28.02 -0.72%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,360 3,357 3,365
Advances 861 937 2,703
Declines 2,347 2,281 541
Unchanged 152 139 121
New highs 13 18 36
Very low new highs
New lows 362 176 29
Bearish
Adv. volume* 680,333,547 324,261,249 744,189,860
Decl. volume* 2,670,310,517 649,003,433 67,005,668
Total volume* 3,384,036,581 984,815,526 817,884,268
Closing Arms (TRIN)† 1.63 0.74 0.49
Block trades* 6,268 4,140 3,839
Adv. volume 1,443,409,033 1,567,973,442 3,523,453,022
Decl. volume 6,414,652,650 2,831,784,374 347,219,253
Total volume 7,954,652,402 4,441,839,414 3,901,945,574
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,835 4,871 4,851
Advances 1,413 1,947 3,308
Declines 3,154 2,614 1,280
Unchanged 268 310 263
New highs 26 24 48
New lows 477 266 95
Bearish
Closing Arms (TRIN)† 1.54 1.11 0.74
Block trades 29,531 26,694 26,919
Adv. volume 1,661,082,920 1,906,940,538 3,386,751,787
Decl. volume 5,701,090,086 2,851,182,952 964,388,783
Total volume 7,451,844,063 4,805,914,777 4,401,598,249
|
Table 2 QUICKSILVER on ETFS - 9/15/2022
Bullish = 3 OIH, TAN, CORN
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 310.36 -1.7 322.28 -124% Bearish RED -.133 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11552.36 -167.32 12112.31 -129.9% Bearish RED -.059 .017 -.042
---------------------------------------------------------------------------------------------
SPY 390.12 -4.48 406.6 -127.9% Bearish RED -.12 .018 -.102
---------------------------------------------------------------------------------------------
QQQ 291.1 -4.93 307.09 -156.2% Bearish RED -.117 .008 -.109
---------------------------------------------------------------------------------------------
MDY 441.31 -2.72 456.67 -81.3% Bearish RED -.05 .061 .011
---------------------------------------------------------------------------------------------
IWM 181.63 -1.33 187.4 -56.2% ------- RED -.016 .059 .043
---------------------------------------------------------------------------------------------
FAS 72.2 .63 79.18 -324% Bearish BLUE -.05 .118 .068
---------------------------------------------------------------------------------------------
RETL 8.72 .05 10 -301.8% Bearish BLUE -.097 .097 0
---------------------------------------------------------------------------------------------
SOXL 11.91 -.55 14.65 -643.2% ------- RED -.04 -.015 -.055
---------------------------------------------------------------------------------------------
TECL 27.81 -2.15 33.61 -610.7% Bearish RED -.148 -.075 -.223
---------------------------------------------------------------------------------------------
IBB 124.05 .13 128.4 -116.1% ------- BLUE .013 .01 .023
---------------------------------------------------------------------------------------------
GLD 154.98 -2.95 159.82 -125.6% Bearish RED -.488 -.044 -.532
---------------------------------------------------------------------------------------------
DBO 16.2 -.67 16.49 124.1% Bearish RED -.117 -.024 -.141
---------------------------------------------------------------------------------------------
OIH 242.06 -6.51 246.61 139.7% Bullish RED .142 .152 .294
---------------------------------------------------------------------------------------------
CPER 20.88 -.24 21.37 -105.4% Bearish RED -.227 .005 -.222
---------------------------------------------------------------------------------------------
TAN 85.01 -3.34 87.79 -156.1% Bullish RED .185 .196 .381
---------------------------------------------------------------------------------------------
UUP 29.4 .02 29.19 0% ------- ---- .18 .029 .209
---------------------------------------------------------------------------------------------
CORN 27.03 -.27 27.26 51.3% Bullish RED .267 .139 .406
---------------------------------------------------------------------------------------------
WEAT 8.56 -.32 8.81 45.8% ------- RED .093 .038 .131
---------------------------------------------------------------------------------------------
YINN 54.7 -.45 60.82 -180.4% ------- RED -.083 -.416 -.499
QUICKSILVER on ETFS - 09/16/22
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 308.05 -2.31 324.57 -225% Bearish BLUE -.082 0 -.082
---------------------------------------------------------------------------------------------
COMPQX 11448.4 -103.96 12266.41 -280% Bearish BLUE -.005 .004 -.001
---------------------------------------------------------------------------------------------
SPY 385.56 -4.56 410.97 -263.6% Bearish BLUE -.072 .01 -.062
---------------------------------------------------------------------------------------------
QQQ 289.32 -1.78 310.74 -296.4% Bearish BLUE -.055 0 -.055
---------------------------------------------------------------------------------------------
MDY 433.23 -8.08 461.08 -260.8% Bearish RED -.032 .039 .007
---------------------------------------------------------------------------------------------
IWM 178.99 -2.64 189.67 -227.6% Bearish RED .029 .038 .067
---------------------------------------------------------------------------------------------
FAS 70.14 -2.06 81.2 -600.6% Bearish BLUE -.005 .06 .055
---------------------------------------------------------------------------------------------
RETL 8.37 -.35 10.53 -873.7% Bearish BLUE -.069 -.032 -.101
---------------------------------------------------------------------------------------------
SOXL 12.06 .15 14.78 -982.7% Bearish BLUE .006 -.102 -.096
---------------------------------------------------------------------------------------------
TECL 27.36 -.45 35.18 -1000.6% Bearish BLUE -.083 -.124 -.207
---------------------------------------------------------------------------------------------
IBB 122.96 -1.09 128.63 -216.6% ------- BLUE .069 -.004 .065
---------------------------------------------------------------------------------------------
GLD 155.84 .86 160.63 -125.6% Bearish BLUE -.443 -.021 -.464
---------------------------------------------------------------------------------------------
DBO 16.24 .04 16.78 -75.3% Bearish RED -.127 -.038 -.165
---------------------------------------------------------------------------------------------
OIH 233.88 -8.18 250.24 -259.3% ------- RED .117 .074 .191
---------------------------------------------------------------------------------------------
CPER 21.31 .43 21.75 -14.1% Bearish BLUE -.19 .017 -.173
---------------------------------------------------------------------------------------------
TAN 84.98 -.03 88.2 -161.1% Bullish BLUE .21 .152 .362
---------------------------------------------------------------------------------------------
UUP 29.4 0 29.04 35.8% ------- RED .163 .047 .21
---------------------------------------------------------------------------------------------
CORN 27.09 .06 27.6 -31.1% Bullish BLUE .308 .142 .45
---------------------------------------------------------------------------------------------
WEAT 8.73 .17 8.75 -45.7% Bullish BLUE .129 .037 .166
---------------------------------------------------------------------------------------------
YINN 52.04 -2.66 63.18 -759.7% ------- RED -.081 -.46 -.541
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/16/22
Bullish = 6
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS .857 .857 .857 .857 1 1
----
SOLAR .687 .687 .687 .687 .687 .625
UTILITY .631 .657 .789 .789 .868 .868
OILGAS .575 .65 .745 .669 .792 .716
REGBANKS .56 .52 .48 .44 .8 .68
FINANCE .525 .525 .512 .512 .775 .737
---------------------------------------------------------------------------
GREEN .421 .526 .631 .631 .684 .736
BIOTECH .377 .465 .449 .446 .57 .55
HACKERS .375 .375 .375 .375 .687 .5
HOSPITAL .375 .437 .375 .437 .562 .562
FIDSTKS .36 .426 .455 .408 .763 .68
MILITARY .346 .423 .461 .423 .653 .615
SP500 .343 .404 .454 .474 .769 .705
COAL .333 .5 .666 .333 .5 .5
FOOD .326 .346 .448 .469 .53 .448
LOWPRICE .325 .335 .317 .351 .373 .357
SOFTWARE .321 .357 .375 .392 .625 .535
INSURANC .32 .4 .4 .4 .72 .6
RETAIL .319 .361 .404 .382 .659 .617
COMODITY .307 .307 .41 .435 .487 .41
INFRA .303 .363 .393 .545 .787 .696
COMPUTER .3 .2 .4 .35 .5 .5
SP-100 .3 .333 .355 .377 .7 .666
-----
RUS-1000 .296 .329 .339 .387 .541 .481
AUTO .283 .32 .358 .358 .603 .49
ELECTRON .278 .293 .323 .338 .511 .481
INDEXES .275 .362 .405 .427 .702 .648
HIGHPRIC .261 .332 .382 .378 .773 .71
SEMI .252 .252 .252 .263 .431 .431
INDMATER .25 .319 .347 .43 .611 .527
CHEM .239 .347 .413 .434 .652 .543
JETS .23 .461 .461 .23 .538 .538
REIT .23 .238 .292 .376 .615 .561
NIFTY .227 .272 .318 .318 .545 .522
NASD-100 .226 .268 .319 .309 .659 .608
-----
CHINA .22 .26 .28 .3 .34 .26
BEVERAGE .214 .214 .214 .214 .571 .428
GAMING .21 .263 .315 .368 .631 .578
DOWJONES .2 .266 .266 .233 .566 .533
----
ETFS .181 .2 .254 .254 .581 .309
GOLD .173 .152 .152 .13 .239 .195
EDU .166 .166 .166 .166 .333 .333
TRANSP .157 .368 .526 .421 .736 .736
GUNS .153 .153 .153 .153 .23 .23
MARIJUAN .1 .3 .4 .4 .6 .6
DJI-13 .076 .23 .23 .153 .615 .615
HOMEBLDG .055 .111 .166 .222 .444 .444
BONDFUND .011 .034 .057 .08 .091 .08
COPPER 0 0 0 .125 .375 .25
|
===================================================================================
Friday: Sept 16 5:50 AM (PCT) Futures: DJI
-324 NASDAQ -151 Data Used for 9/15/2022
| |
The Peerless Sell S4 still operates without
a reversing Buy. Disregard the A/D Line
NC. The DJI (DIA), SPY, QQQ and TECL are
breaking horizontal support. This
sets the stage for a selling paniic as the FED raises
rates next week by 3/4% or even
more. The head and shoulders patterns, extra
volatility and much reduced liquidity
appear to bringing a decline by the big major market
ETFs and indexes to their year
lows and the DJI to 30,000 and a level 20% down from
its peak. Do not disbelieve
our bearishness because it seems too obvious and
predictable. The long advance has
built +a huge base of investors and money managers
who have vowed never to sell
because the market always goes back up in time.
Their faith to this view is going
to be tested this coming week. Many will throw
in the towel and sell.
We should avoid the long side and be short either the
major ETFs shown below
or some of the many bearish MINCPs. Avoid the
MAXCP equities. My experience
tell me that many of the best performing stocks start
a sell-off when the DJI is perceived
unable to avoid bear market territory, just below
30,000 |
|
| |
Sept 15th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80915.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-15/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/9-15/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/15/2022
DJIA 30961.82 -173.27 -0.56%
S&P 500 3901.35 -44.66 -1.13%
Nasdaq 11552.36 -167.32 -1.43%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,357 3,367 3,352
Advances 937 1,662 1,747
Declines 2,281 1,526 1,427
Unchanged 139 179 178
New highs 18 33 23
New lows 176 183 101
Adv. volume* 324,261,249 499,874,090 588,195,956
Decl. volume* 649,003,433 476,970,840 252,886,856
Total volume* 984,815,526 994,354,355 855,212,826
Closing Arms (TRIN)† 0.74 0.98 0.51
Block trades* 4,140 4,080 3,927
Adv. volume 1,567,973,442 2,209,410,531 2,740,656,598
Decl. volume 2,831,784,374 1,995,220,470 1,144,051,776
Total volume 4,441,839,414 4,293,241,980 3,966,857,960
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,871 4,878 4,860
Advances 1,947 2,217 2,694
Declines 2,614 2,348 1,847
Unchanged 310 313 319
New highs 24 38 34
New lows 266 271 200
Closing Arms (TRIN)† 1.11 0.55 0.79
Block trades 26,694 30,403 22,614
Adv. volume 1,906,940,538 3,022,977,878 2,783,561,861
Decl. volume 2,851,182,952 1,745,192,946 1,502,326,572
Total volume 4,805,914,777 4,861,534,597 4,329,913,837
|
Table 2 QUICKSILVER on ETFS - 9/15/2022
Bullish = 3 OIH, TAN, CORN
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 310.36 -1.7 322.28 -124% Bearish RED -.133 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11552.36 -167.32 12112.31 -129.9% Bearish RED -.059 .017 -.042
---------------------------------------------------------------------------------------------
SPY 390.12 -4.48 406.6 -127.9% Bearish RED -.12 .018 -.102
---------------------------------------------------------------------------------------------
QQQ 291.1 -4.93 307.09 -156.2% Bearish RED -.117 .008 -.109
---------------------------------------------------------------------------------------------
MDY 441.31 -2.72 456.67 -81.3% Bearish RED -.05 .061 .011
---------------------------------------------------------------------------------------------
IWM 181.63 -1.33 187.4 -56.2% ------- RED -.016 .059 .043
---------------------------------------------------------------------------------------------
FAS 72.2 .63 79.18 -324% Bearish BLUE -.05 .118 .068
---------------------------------------------------------------------------------------------
RETL 8.72 .05 10 -301.8% Bearish BLUE -.097 .097 0
---------------------------------------------------------------------------------------------
SOXL 11.91 -.55 14.65 -643.2% ------- RED -.04 -.015 -.055
---------------------------------------------------------------------------------------------
TECL 27.81 -2.15 33.61 -610.7% Bearish RED -.148 -.075 -.223
---------------------------------------------------------------------------------------------
IBB 124.05 .13 128.4 -116.1% ------- BLUE .013 .01 .023
---------------------------------------------------------------------------------------------
GLD 154.98 -2.95 159.82 -125.6% Bearish RED -.488 -.044 -.532
---------------------------------------------------------------------------------------------
DBO 16.2 -.67 16.49 124.1% Bearish RED -.117 -.024 -.141
---------------------------------------------------------------------------------------------
OIH 242.06 -6.51 246.61 139.7% Bullish RED .142 .152 .294
---------------------------------------------------------------------------------------------
CPER 20.88 -.24 21.37 -105.4% Bearish RED -.227 .005 -.222
---------------------------------------------------------------------------------------------
TAN 85.01 -3.34 87.79 -156.1% Bullish RED .185 .196 .381
---------------------------------------------------------------------------------------------
UUP 29.4 .02 29.19 0% ------- ---- .18 .029 .209
---------------------------------------------------------------------------------------------
CORN 27.03 -.27 27.26 51.3% Bullish RED .267 .139 .406
---------------------------------------------------------------------------------------------
WEAT 8.56 -.32 8.81 45.8% ------- RED .093 .038 .131
---------------------------------------------------------------------------------------------
YINN 54.7 -.45 60.82 -180.4% ------- RED -.083 -.416 -.499
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/15/22
Bullish = 7
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS .857 .857 .857 1 1 1
SOLAR .687 .687 .687 .687 .625 .562
UTILITY .657 .789 .789 .868 .868 .842
OILGAS .65 .745 .669 .792 .679 .584
GREEN .526 .631 .631 .684 .736 .578
FINANCE .524 .512 .5 .743 .707 .573
REGBANKS .52 .48 .44 .8 .68 .52
-----------------------------------------------------------------------------------------------
COAL .5 .666 .333 .5 .5 .333
------------------------------------------------------------------------------------------------
BIOTECH .465 .446 .449 .57 .556 .523
JETS .461 .461 .23 .538 .538 .538
HOSPITAL .437 .375 .437 .562 .562 .5
FIDSTKS .426 .455 .408 .763 .662 .562
MILITARY .423 .461 .423 .653 .615 .5
SP500 .404 .454 .474 .767 .694 .587
INSURANC .4 .4 .4 .72 .6 .52
HACKERS .375 .375 .375 .687 .5 .5
TRANSP .368 .526 .421 .736 .736 .526
INFRA .363 .393 .545 .787 .696 .515
INDEXES .362 .405 .427 .702 .648 .491
RETAIL .361 .404 .382 .659 .617 .531
SOFTWARE .357 .392 .392 .625 .535 .392
CHEM .347 .413 .456 .63 .565 .5
FOOD .346 .448 .448 .53 .448 .285
LOWPRICE .338 .317 .351 .373 .349 .309
SP-100 .333 .355 .377 .7 .644 .522
=====
HIGHPRIC .332 .382 .378 .773 .695 .527
RUS-1000 .329 .341 .387 .544 .475 .412
AUTO .32 .358 .358 .603 .471 .377
INDMATER .319 .347 .43 .611 .527 .444
COMODITY .307 .41 .41 .487 .41 .282
MARIJUAN .3 .4 .4 .6 .6 .4
ELECTRON .293 .323 .338 .511 .473 .345
NIFTY .272 .318 .318 .545 .522 .431
NASD-100 .268 .319 .298 .659 .608 .443
=====
DOWJONES .266 .266 .233 .566 .533 .5
=====
AMING .263 .315 .315 .684 .526 .263
CHINA .26 .28 .3 .34 .24 .2
SEMI .252 .252 .263 .431 .421 .305
REIT .238 .284 .384 .623 .546 .446
DJI-13 .23 .23 .153 .615 .615 .615
BEVERAGE .214 .214 .214 .571 .428 .357
COMPUTER .2 .4 .35 .5 .5 .55
ETFS .2 .254 .254 .581 .309 .218
EDU .166 .166 .166 .333 .333 0
GUNS .153 .153 .153 .23 .23 .23
GOLD .152 .152 .13 .239 .173 .086
HOMEBLDG .111 .166 .222 .444 .444 .277
BONDFUND .034 .057 .08 .091 .08 .057
COPPER 0 0 .125 .375 .25 .125
|
===================================================================================
Thursday: Sept 15: 5:55 AM (PCT) Futures: DJI
-12 NASDAQ -55 Data Used for 9/14/2022
| |
Sell S4 predicts a Breakdown below the many support-levels now being
tested. (Added at 6:27
AM to make this HL more readable.)
Even apart from all the
bearish forces the Hotline keeps talking about.
namely,
the, (1) dangerous inflation
that the FED is unable to curb, (2) years of
over-inflation of big stock
prices because of QE and the focus on major ETFs
rather than individual
stocks, (3) scary decrease in liquidity and (4), the bearish
seasonality of September,
especially when rates are rising, etc., etc.,
we would still have be
bearish simply because of the operative Sell S4, the many
completed head and shoulders
patterns and the pressure being put now on
key support levels in the
major ETFs and the highest priced and most
heavily weighted stocks in
the DJIA.
The technicals here ARE
bearish. New Lows outpace new highs. The trends
are down for our key internal
strength indicators on the DJI.
In the old days, we might have
tried buying at support and placing a stop sell
just below the well-tested support.
But these days there is too high a chance
of a free-fall that gives one no
chance to sell at a good price on the
breakdown.
Find some of the Bearish MINCPs to
short is my suggestion
tonight and hold any short
positions in DIA, SPY or QQQ. A breakdown
seems a high probability and any
rally from here will be limited, as I see it. |
|
| |
Sept 14th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80914.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-14/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/9-14/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
UNH - most heavily weighted DJI-30 stock has completed H/S
 |
MSFT - H/S close to being completed
 |
HD - shows completed H/S patterm
 |
GS forming potential H/S
 |
MCD seems to be forming H/S patterm.
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/14/2022
DJIA 31135.09 30.12 0.10
S&P 500 3946.01 13.32 0.34
Nasdaq 11719.68 86.10 0.74
NYSE Latest Close Previous Close Week Ago
Issues traded 3,367 3,381 3,341
Advances 1,662 379 2,442
Declines 1,526 2,893 763
Unchanged 179 109 136
New highs 33 17 16
New lows 183 105 141
Bearish
Adv. volume* 499,874,090 38,373,394 702,210,408
Decl. volume* 476,970,840 888,931,558 133,050,027
Total volume* 994,354,355 930,602,262 843,241,186
Closing Arms (TRIN)† 0.98 2.48 0.67
Block trades* 4,080 4,035 3,887
Adv. volume 2,209,410,531 211,243,122 3,165,744,908
Decl. volume 1,995,220,470 3,991,336,973 667,015,324
Total volume 4,293,241,980 4,224,557,272 3,890,329,473
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,878 4,852 4,829
Advances 2,217 993 3,285
Declines 2,348 3,635 1,292
Unchanged 313 224 252
New highs 38 37 31
New lows 271 210 291
Bearish
Closing Arms (TRIN)† 0.55 0.99 0.59
Block trades 30,403 29,390 25,178
Adv. volume 3,022,977,878 1,116,199,447 3,574,110,285
Decl. volume 1,745,192,946 4,048,272,740 831,062,388
Total volume 4,861,534,597 5,188,381,204 4,445,647,782
|
Table 2 QUICKSILVER on ETFS - 9/14/2022
Bullish = 3 OIH, TAN, CORN
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 312.06 .33 318.24 -67% Bearish RED -.083 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11719.68 86.11 11862.13 -30.3% ------- BLUE -.017 .028 .011
---------------------------------------------------------------------------------------------
SPY 394.6 1.5 400.38 -39.6% Bearish BLUE -.081 .026 -.055
---------------------------------------------------------------------------------------------
QQQ 296.03 2.33 300.52 -48.6% Bearish BLUE -.081 .024 -.057
---------------------------------------------------------------------------------------------
MDY 444.03 .11 448.64 -5.9% ------- RED -.006 .054 .048
---------------------------------------------------------------------------------------------
IWM 182.96 .71 183.71 20.8% ------- BLUE .023 .051 .074
---------------------------------------------------------------------------------------------
FAS 71.57 -.54 77.14 -112.9% Bearish RED -.004 .089 .085
---------------------------------------------------------------------------------------------
RETL 8.67 -.05 9.29 -344.7% ------- RED -.03 .01 -.02
---------------------------------------------------------------------------------------------
SOXL 12.46 .37 13.65 -194.4% ------- BLUE -.012 .044 .032
---------------------------------------------------------------------------------------------
TECL 29.96 .37 31.72 -222.9% Bearish ---- -.095 .015 -.08
---------------------------------------------------------------------------------------------
IBB 123.92 1.08 126.98 40.9% ------- BLUE .007 .001 .008
---------------------------------------------------------------------------------------------
GLD 157.93 -.61 158.98 -63% Bearish RED -.439 -.049 -.488
---------------------------------------------------------------------------------------------
DBO 16.87 .2 15.79 362.3% Bearish ---- -.136 -.005 -.141
---------------------------------------------------------------------------------------------
OIH 248.57 8.69 235.24 296.8% Bullish BLUE .114 .152 .266
---------------------------------------------------------------------------------------------
CPER 21.12 -.09 21.33 96.4% Bearish ---- -.17 .011 -.159
---------------------------------------------------------------------------------------------
TAN 88.35 1.69 87.75 53.1% Bullish BLUE .224 .226 .45
---------------------------------------------------------------------------------------------
UUP 29.38 -.06 29.4 6.8% ------- ---- .173 .025 .198
---------------------------------------------------------------------------------------------
CORN 27.3 -.27 26.75 86.4% Bullish RED .254 .157 .411
---------------------------------------------------------------------------------------------
WEAT 8.88 .12 8.48 167.1% Bullish BLUE .113 .067 .18
---------------------------------------------------------------------------------------------
YINN 55.15 .07 56.8 -325.6% ------- RED -.065 -.443 -.508
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/14/22
Bullish = 9
Bearish = 40
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS .857 .857 1 1 1 .714
UTILITY .789 .789 .868 .868 .842 .868
OILGAS .745 .669 .792 .679 .566 .547
SOLAR .687 .687 .687 .625 .562 .75
COAL .666 .333 .5 .5 .333 .5
GREEN .631 .631 .684 .736 .578 .631
TRANSP .526 .421 .736 .736 .473 .526
FINANCE .512 .5 .743 .695 .56 .463
=================================================================================================
REGBANKS .48 .44 .8 .68 .52 .4
JETS .461 .23 .538 .538 .538 .538
MILITARY .461 .423 .653 .615 .5 .5
FIDSTKS .455 .408 .763 .662 .544 .497
SP500 .454 .474 .767 .692 .579 .541
FOOD .448 .448 .53 .448 .265 .224
BIOTECH .446 .446 .573 .556 .52 .473
CHEM .413 .456 .652 .543 .521 .5
COMODITY .41 .41 .487 .41 .256 .23
INDEXES .405 .427 .702 .648 .481 .416
RETAIL .404 .382 .659 .617 .531 .468
COMPUTER .4 .35 .5 .5 .55 .45
INSURANC .4 .4 .72 .6 .48 .44
MARIJUAN .4 .4 .6 .6 .4 .2
INFRA .393 .545 .787 .696 .515 .484
SOFTWARE .392 .41 .625 .535 .392 .41
HIGHPRIC .382 .378 .773 .695 .531 .437
HACKERS .375 .375 .687 .5 .5 .437
HOSPITAL .375 .437 .562 .562 .5 .437
AUTO .358 .358 .603 .471 .377 .433
SP-100 .355 .377 .7 .644 .511 .466
INDMATER .347 .43 .611 .527 .444 .388
RUS-1000 .341 .389 .544 .478 .4 .392
ELECTRON .323 .338 .511 .473 .338 .323
LOWPRICE .32 .351 .373 .349 .309 .304
NASD-100 .319 .298 .649 .608 .443 .412
NIFTY .318 .318 .545 .522 .431 .409
GAMING .315 .315 .631 .578 .263 .263
REIT .284 .376 .63 .553 .423 .469
CHINA .28 .3 .34 .24 .18 .22
DOWJONES .266 .233 .566 .533 .466 .4
ETFS .254 .254 .581 .309 .236 .218
SEMI .252 .263 .431 .421 .294 .294
DJI-13 .23 .153 .615 .615 .538 .461
BEVERAGE .214 .214 .571 .428 .428 .428
EDU .166 .166 .333 .333 0 0
HOMEBLDG .166 .222 .444 .444 .277 .277
GUNS .153 .153 .23 .23 .23 .23
GOLD .152 .13 .239 .173 .086 .108
BONDFUND .057 .08 .091 .08 .068 .045
COPPER 0 .125 .375 .25 .125 .125
|
==================================================================================
Wednesday: Sept 14: 5:05 AM (PCT)
Futures: DJI -30 NASDAQ -20 Data Used for 9/13/202
5:57
(PCT) Futures: DJI +36 NASDAQ +36
| |
The DJI fell on Wednesday more
than 4% from 5:28 AM (PCT),
just before the Labor Department announced that
the CPI was still rising
faster than 8% from a year before and despite a
very big drop in gasoline
prices to its final close 1276 points down from
Tuesday's close. Liquidity
and support dried up all day-long as a result.
Is this a taste of what lies ahead?
We have our Sell S4 and we know there is
reliable historical pressure on the
market until October when the FED raises rates
in September. If you did
go short DIA, SPY, QQQ or the NASDAQ from
positions taken late Monday
near the falling 21-day moving averages, hold
these short. Avoid the long
side. Bonds have been looking very weak,
too. They have dominated our
Bearish MINCPs.
Traders now expect Powell and the FED's Open
Market Committee to raise rates
by at least a 3/4% next week, perhaps even by a
whole percent. And even this,
most likely, will not quickly cool off
the economy enough to turn the now imbedded
inflationary expectations down. Labor
negotiatiors are sure to use the new CPI
numbers aggressively and corporate executives
will have little choice but
to raise the wages they offer new employees.
It's too bad we do not get a full
transcript of the FED's discussions next week.
They will be talking about how
Inflation is going to hurt profits as well as
hurt the selling of bonds and indebtedness.
Short-Term Rates are now entering an
expontial rise. This could become very
dangerous. Higher rates,
themselves, add to inflation.
We now see, as we guessed, that Professionals
were, indeed, running up the market
last week to try to get out of some of
the inventory of stock they have been buying
from the Public in much of August.
With short-term rates now above 3%, the
big banks' computerized traders must pay more
to rig the market. And it sure looks
like the Professionals are losing control.
Not only did they get the latest CPI
numbers wrong, but they were unable today to
hold DIA, SPY and QQQ above
their 65-dma. What happens next if their
price uptrends, the ones they recently
rallied from, fail? See the charts below.
The volatility is a bad sign. It further
discourages a bearish public. It makes the
yearly lows now "fair game" for the
sellers. Why would a trader risk going
long in here until the yearly lows are successfully
tested, especially with there
being an outside chance of a full one percent raise
in rates.
JP Morgan's prediction of a "soft landing"
looks especially self-serving and
dubious. Wall Street cannot afford to
lose the trust of investors. But that may
be happening. Stay short.
|
|
| |
Sept 13th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80913.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-13/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/9-13/BEARISH.htm
|
|
 |
 |
 |
 |
 |
| Watch to see if 65-dma below hold. |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/13/2022
DJIA 31104.97 -1276.37 -3.94%
Nasdaq 11633.57 -632.84 -5.16%
S&P 500 3932.69 -177.72 -4.32%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,381 3,377 3,349
Advances 379 2,430 1,030
Declines 2,893 771 2,194
Unchanged 109 176 125
New highs 17 42 17
New lows 105 37 222
Adv. volume* 38,373,394 706,583,989 279,459,839
Decl. volume* 888,931,558 107,815,285 615,166,412
Total volume* 930,602,262 830,185,254 908,624,088
Closing Arms (TRIN)† 2.48 0.48 1.01
Block trades* 4,035 3,804 4,062
Adv. volume 211,243,122 3,226,740,165 1,283,033,783
Decl. volume 3,991,336,973 487,365,822 2,763,268,804
Total volume 4,224,557,272 3,814,204,934 4,127,346,419
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,852 4,877 4,762
Advances 993 2,928 1,465
Declines 3,635 1,647 3,075
Unchanged 224 302 222
New highs 37 57 35
New lows 210 95 396
Closing Arms (TRIN)† 0.99 0.67 0.81
Block trades 29,390 22,122 24,849
Adv. volume 1,116,199,447 2,981,295,719 1,699,879,050
Decl. volume 4,048,272,740 1,126,483,223 2,893,885,900
Total volume 5,188,381,204 4,146,687,257 4,622,940,199
|
Table 2 QUICKSILVER on ETFS - 9/13/2022
Bullish = 3 TAN, UUP, CORN
Bearish = 2 GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 311.73 -12.84 316.33 -7.4% Bearish RED -.074 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11633.57 -632.84 11791.9 37.2% ------- RED -.011 .043 .032
---------------------------------------------------------------------------------------------
SPY 393.1 -17.87 397.78 29.2% Bearish RED -.077 .028 -.049
---------------------------------------------------------------------------------------------
QQQ 293.7 -17.04 298.97 10.8% ------- RED -.082 .038 -.044
---------------------------------------------------------------------------------------------
MDY 443.92 -17.16 444.56 103.8% ------- RED .01 .057 .067
---------------------------------------------------------------------------------------------
IWM 182.25 -7.42 182.19 106.9% ------- RED .017 .06 .077
---------------------------------------------------------------------------------------------
FAS 72.11 -9.09 73.3 180.2% Bearish RED .018 .098 .116
---------------------------------------------------------------------------------------------
RETL 8.72 -1.81 9.33 115.4% ------- RED -.023 .128 .105
---------------------------------------------------------------------------------------------
SOXL 12.09 -2.69 12.99 -120.5% ------- RED -.003 .039 .036
---------------------------------------------------------------------------------------------
TECL 29.59 -5.59 31.4 -60.2% Bearish RED -.081 .045 -.036
---------------------------------------------------------------------------------------------
IBB 122.84 -5.79 122.89 131.7% ------- RED .015 .019 .034
---------------------------------------------------------------------------------------------
GLD 158.54 -2.09 159.94 6.6% Bearish ---- -.42 -.061 -.481
---------------------------------------------------------------------------------------------
DBO 16.67 -.11 15.69 21.5% Bearish ---- -.104 -.101 -.205
---------------------------------------------------------------------------------------------
OIH 239.88 -10.36 234.25 48.6% Bullish RED .129 .033 .162
---------------------------------------------------------------------------------------------
CPER 21.21 -.54 20.71 87.3% Bearish RED -.088 -.031 -.119
---------------------------------------------------------------------------------------------
TAN 86.66 -1.54 87.42 248.6% Bullish BLUE .176 .201 .377
---------------------------------------------------------------------------------------------
UUP 29.44 .4 29.34 -18.8% ------- BLUE .209 .047 .256
---------------------------------------------------------------------------------------------
CORN 27.57 -.03 26.83 90.4% Bullish BLUE .294 .117 .411
---------------------------------------------------------------------------------------------
WEAT 8.76 .01 8.59 215% ------- BLUE .098 .012 .11
---------------------------------------------------------------------------------------------
YINN 55.08 -8.1 58.99 -161.7% ------- RED -.058 -.446 -.504
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/13/22
Bullish = 6
Bearish = 42
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS .857 1 1 1 .714 .571
UTILITY .789 .868 .868 .842 .868 .71
SOLAR .687 .687 .625 .562 .687 .5
OILGAS .669 .792 .679 .566 .547 .594
GREEN .631 .684 .736 .578 .631 .526
INFRA .545 .787 .696 .515 .484 .454
===============================================================================================
FINANCE .5 .743 .695 .548 .463 .353
===============================================================================================
SP500 .474 .767 .692 .577 .535 .395
=====
CHEM .456 .652 .565 .5 .521 .347
FOOD .448 .53 .448 .265 .204 .163
BIOTECH .446 .57 .559 .52 .476 .371
REGBANKS .44 .8 .68 .52 .4 .24
HOSPITAL .437 .562 .562 .5 .437 .312
INDMATER .43 .611 .527 .444 .375 .333
INDEXES .427 .702 .648 .481 .4 .286
MILITARY .423 .653 .615 .5 .5 .346
TRANSP .421 .736 .736 .473 .526 .263
COMODITY .41 .487 .41 .256 .205 .153
SOFTWARE .41 .642 .535 .392 .392 .339
FIDSTKS .408 .763 .662 .544 .491 .36
INSURANC .4 .72 .6 .48 .4 .28
MARIJUAN .4 .6 .6 .4 .2 .2
RUS-1000 .389 .546 .478 .402 .389 .313
RETAIL .382 .659 .617 .531 .468 .404
HIGHPRIC .378 .773 .695 .531 .433 .289
SP-100 .377 .7 .644 .511 .466 .344
REIT .376 .623 .561 .43 .461 .292
HACKERS .375 .687 .5 .5 .375 .312
AUTO .358 .603 .471 .377 .415 .301
LOWPRICE .354 .373 .349 .309 .304 .277
COMPUTER .35 .5 .5 .55 .45 .4
ELECTRON .338 .511 .473 .338 .315 .255
COAL .333 .5 .5 .333 .5 .666
NIFTY .318 .545 .522 .431 .409 .318
GAMING .315 .631 .526 .315 .263 .157
CHINA .3 .34 .24 .18 .22 .18
NASD-100 .298 .649 .597 .443 .412 .288
=====
SEMI .263 .431 .421 .294 .273 .2
ETFS .254 .581 .309 .236 .218 .2
DOWJONES .233 .566 .533 .466 .4 .266
=====
JETS .23 .538 .538 .538 .538 .23
HOMEBLDG .222 .444 .444 .277 .277 .222
BEVERAGE .214 .571 .428 .428 .428 .214
EDU .166 .333 .333 0 0 0
DJI-13 .153 .615 .615 .538 .461 .384
GUNS .153 .23 .23 .23 .23 .23
GOLD .13 .239 .173 .086 .108 .043
COPPER .125 .375 .25 .125 .125 .125
BONDFUND .08 .091 .08 .068 .057 .022
|
===================================================================================
Tuesday: Sept 13: 5:28 AM (PCT)
Futures: DJI +200 NASDAQ +79 Data Used for
9/12/2022
6:00 AM (PCT ) Futures: DJI -400..
| |
The DJI has now reached
intra-day its falling 21-dma. Shorting DIA was
suggested. This should act as
resistance. Profit-taking by professionals after the
1200 point 4-day advance would seem in
order. The CPI, just released, did retreat
somehwat owing to the 10.6% decline
in gas prices. It remains very scary, well
above 8%
The operative Sell S4 has been questioned
in view of the steep rally, the DJI's surpassing
its 65-dma and the very big jump in the
SP-500 stocks back above their 65-dma. That
number is now 76.7% in Table 3 below.
The 65-dma will now act as support. If the
S4 Sell is in doubt, what is the
operative Peerless signal? The answer is the weak Buy
B2 that occurred on 8/29 with the DJI at
32098, with the DJI still poised to decline
another 1000 points. The B2 was
cancelled at the time because of the Sell S4 within
the last month and head/shoulders
patterns.
It seems best for traders to use
the DIA's Closing Power. Clearly Professionals
have the inside track on what
officials in Washington are going to report and what the
FED will say and do. The DJI
is now down 400. Professionals may come in
and support the DJI but the best
short-term support will be the DJI's 65-dma.
We should still understand that the
impending rate hike, even at 1.2%, will
operate negatively on the market
until October, when seasonality starts to turn bullish.
FAS (financials) is very strong.
See below. This argues against a big decline.
CPI ReportThe Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in August on a
seasonally adjusted basis after being unchanged in July, the U.S. Bureau of Labor
Statistics reported today. Over the last 12 months, the all items index increased 8.3
percent before seasonal adjustment.
Increases in the shelter, food, and medical care indexes were the largest of many
contributors to the broad-based monthly all items increase. These increases were mostly
offset by a 10.6-percent decline in the gasoline index. The food index continued to rise,
increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The
energy index fell 5.0 percent over the month as the gasoline index declined, but the
electricity and natural gas indexes increased.
The index for all items less food and energy rose 0.6 percent in August, a larger
increase than in July. The indexes for shelter, medical care, household furnishings and
operations, new vehicles, motor vehicle insurance, and education were among those that
increased over the month. There were some indexes that declined in August, including those
for airline fares, communication, and used cars and trucks.
|
|
| |
Sept 12th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80912.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-12/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/9-12/BEARISH.htm
|
|
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 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/12/2022
DJIA 32381.34 229.63 +0.71%
S&P 500 4110.41 43.05 +1.06%
Nasdaq 12266.41 154.10 +1.27%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,377 3,365 3,342
Advances 2,430 2,703 1,339
Declines 771 541 1,828
Unchanged 176 121 175
New highs 42 36 18
New lows 37 29 101
Adv. volume* 706,583,989 744,189,860 294,788,518
Decl. volume* 107,815,285 67,005,668 478,710,051
LOW ---
Total volume* 830,185,254 817,884,268 789,929,201
Closing Arms (TRIN)† 0.48 0.49 1.03
Block trades* 3,804 3,839 3,890
Adv. volume 3,226,740,165 3,523,453,022 1,485,040,244
Decl. volume 487,365,822 347,219,253 2,080,024,643
Total volume 3,814,204,934 3,901,945,574 3,665,857,390
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,877 4,851 4,813
Advances 2,928 3,308 1,696
Declines 1,647 1,280 2,811
Unchanged 302 263 306
New highs 57 48 42
New lows 95 95 216
Closing Arms (TRIN)† 0.67 0.74 1.26
Block trades 22,122 26,919 21,021
Adv. volume 2,981,295,719 3,386,751,787 1,359,398,333
Decl. volume 1,126,483,223 964,388,783 2,842,883,736
Total volume 4,146,687,257 4,401,598,249 4,257,416,449
|
Table 2 QUICKSILVER on ETFS - 9/12/2022
Bullish = 4 FAS, RETL, TAN, CORN
Bearish = 3 GLD, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 324.57 2.29 312.2 170.7% Bearish BLUE .022 0 -----
---------------------------------------------------------------------------------------------
COMPQX 12266.41 154.1 11544.91 269.6% ------- BLUE .088 .058 .146
---------------------------------------------------------------------------------------------
SPY 410.97 4.37 390.76 235.6% ------- BLUE .024 .035 .059
---------------------------------------------------------------------------------------------
QQQ 310.74 3.65 293.05 260.4% ------- BLUE .015 .054 .069
---------------------------------------------------------------------------------------------
MDY 461.08 4.41 434.6 266.4% Bullish BLUE .085 .061 .146
---------------------------------------------------------------------------------------------
IWM 189.67 2.27 178.31 262.7% ------- BLUE .112 .066 .178
---------------------------------------------------------------------------------------------
FAS 81.2 2.02 69.37 779.1% Bullish BLUE .117 .232 .349
---------------------------------------------------------------------------------------------
RETL 10.53 .53 8.5 1015.5% ------- BLUE .071 .348 .419
---------------------------------------------------------------------------------------------
SOXL 14.78 .13 12.42 721% ------- ---- .079 .074 .153
---------------------------------------------------------------------------------------------
TECL 35.18 1.57 29.98 726.2% Bearish BLUE .027 .199 .226
---------------------------------------------------------------------------------------------
IBB 128.63 .23 119.54 300.5% Bullish RED .089 .039 .128
---------------------------------------------------------------------------------------------
GLD 160.63 .81 158.33 43% Bearish RED -.34 -.101 -.441
---------------------------------------------------------------------------------------------
DBO 16.78 .29 16.6 61.6% Bearish ---- -.127 -.134 -.261
---------------------------------------------------------------------------------------------
OIH 250.24 3.63 237.54 195.5% Bullish BLUE .198 .021 .219
---------------------------------------------------------------------------------------------
CPER 21.75 .38 20.84 310.4% ------- ---- -.022 -.076 -.098
---------------------------------------------------------------------------------------------
TAN 88.2 .41 82.35 431.8% Bullish ---- .201 .181 .382
---------------------------------------------------- -----------------------------------------
UUP 29.04 -.15 29.55 -57.9% ------- ---- .142 -.016 .126
---------------------------------------------------------------------------------------------
CORN 27.6 .34 27.08 184% Bullish BLUE .315 .043 .358
---------------------------------------------------------------------------------------------
WEAT 8.75 -.06 8.39 258.3% ------- RED .136 -.086 .05
---------------------------------------------------------------------------------------------
YINN 63.18 2.36 57 225.2% ------- BLUE .032 -.414 -.382
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/12/22
Bullish = 37
Bearish = 10
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 1 .714 .571 .571
----
UTILITY .868 .868 .842 .868 .71 .71
REGBANKS .8 .68 .52 .4 .24 .32
OILGAS .792 .679 .566 .547 .575 .622
INFRA .787 .696 .515 .484 .454 .454
HIGHPRIC .773 .695 .531 .433 .289 .3
SP500 .767 .692 .577 .533 .389 .395
-----
FIDSTKS .763 .662 .544 .491 .355 .39
FINANCE .743 .695 .548 .451 .353 .378
TRANSP .736 .736 .473 .526 .263 .21
INSURANC .72 .6 .48 .4 .28 .28
INDEXES .702 .648 .481 .4 .286 .264
SP-100 .7 .644 .511 .466 .311 .366
HACKERS .687 .5 .5 .375 .312 .25
SOLAR .687 .625 .562 .687 .5 .5
GREEN .684 .736 .578 .631 .526 .526
RETAIL .659 .617 .531 .468 .404 .404
MILITARY .653 .615 .5 .5 .346 .423
CHEM .652 .565 .521 .5 .369 .369
NASD-100 .649 .597 .432 .412 .288 .309
-----
SOFTWARE .642 .553 .392 .392 .339 .339
GAMING .631 .526 .263 .315 .157 .21
REIT .623 .553 .438 .469 .284 .23
DJI-13 .615 .615 .538 .461 .384 .307
INDMATER .611 .527 .444 .375 .319 .347
AUTO .603 .471 .377 .415 .32 .415
MARIJUAN .6 .6 .4 .2 .2 .3
ETFS .581 .309 .236 .218 .218 .181
BEVERAGE .571 .428 .428 .428 .214 .428
BIOTECH .57 .556 .523 .476 .377 .435
DOWJONES .566 .533 .466 .4 .266 .266
-----
HOSPITAL .562 .562 .5 .437 .312 .312
RUS-1000 .546 .481 .402 .392 .306 .311
NIFTY .543 .521 .434 .434 .347 .369
JETS .538 .538 .538 .538 .23 .153
FOOD .53 .448 .265 .204 .163 .244
ELECTRON .511 .473 .338 .315 .248 .285
================================================================================================
COAL .5 .5 .333 .5 .5 .5
COMPUTER .5 .5 .55 .45 .4 .45
================================================================================================
COMODITY .487 .41 .256 .205 .153 .23
HOMEBLDG .444 .444 .277 .277 .222 .166
SEMI .431 .421 .294 .273 .189 .242
COPPER .375 .25 .125 .125 .125 .125
LOWPRICE .375 .349 .309 .304 .28 .317
CHINA .34 .24 .18 .22 .18 .24
EDU .333 .333 0 0 0 0
GOLD .239 .173 .086 .108 .043 .043
GUNS .23 .23 .23 .23 .23 .23
BONDFUND .091 .08 .068 .057 .034 .068
|
====================================================================================
Monday: Sept 12: 1:00 AM (PCT)
Futures: DJI +81 NASDAQ +58 Data Used for
9/9/2022
| |
This Tuesday's CPI numbers for August Will
Probably Cause Another Retreat.
The DJI has rallied 1010 points in the last 3 trading days,
about 3%. Friday it jumped
above its falling 65-dma. Breadth was good on Friday,
with more than 2700 up
than down and NYSE new lows dropped below new highs.
The Closing Powers
for all the major ETFs shown below are rising. Big
banks have done particularly
well. There is still some more overhead potential if
the Professionals continue buying
the major ETFs and Indexes on Monday. Look for
maximum resistance to be at
recent head.shoulders patterns' necklines and the DJI's
falling 21-dma about 430
points higher. If the DJI were to advance another
1000 points, we would likely
get a Sell S9 because the P-Indicator is still quite
negative now, at -264.
The failure of Bonds to advance these last few days makes
me doubt that the
FED plans to seriously ease up on its tightening later this
month. (That could be
a reason for the rally. ) More likely, what is
happening that is boosting the market
is the string of minor defeats suffered by Putin's Russian
Army in the Ukraine. This
has caused new criticism of Putin's leadership within
Russia. One Russian critic
said that even Stalin did not try to conceal defeats and
casualties the way Putin is
doing. But, Putin has built up his base of support
for twenty years. He is ruthless.
He is feared. He will not easily be toppled.
So, to the exetent the stock market
is rallying because it expecs a coup in the Kremlin, peace
in the Ukraine and an
easing up of inflationary pressures, it has gotten
way ahead of itself.
Inflation has become embedded in Americans' expectations.
Unfortunately, history
teaches us that a real defeat of Inflation can only come
about with a recession
and a rout in the stock market. Powell and his
comrades can try to avoid more
Inflation by a "stop, go and stop again" set of
monetary policies straight
from the 1970s' play book. But each new CPI number
will bring these hopes
back to reality.
This Tuesday at 8am EST, the U.S. Bureau of Labor
Department releases
its CPI Inflation Report. It will be hard for the
market to rally much further
until much lower numbers than 8%-9% are reported.
Powell has said he would
keep raising rates until Inflation is clearly under
control. And the last few CPI
reports occasioned steep market sell-offs.
The rally has not been on big enough volume to make the
last three days' advance
look impressive enough to be the start of a new bull
market. Nor does the
seasonality support such a view. We need positive
bulges from the P-I
and Accum. Index. They are also missing. And
when the FED is about to
be raising rates in September, over and over it has been
better to wait for
a bottom in October in this the second year of the
Presidential Election.
So, with the Sell S4 operative, we must wait for a pullback
to the recent
lows to buy. Or else, another 1.6% rally on the DJI
back up to its 21-dma
to short DIA. |
|
| |
Sept 9th
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80909.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
Stocks
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-09/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-09/BEARISH.htm |
|
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Table 1 Breadth Statistics
---------------------------------------
9/9/2022
DJIA 32151.71 377.19 1.19
Nasdaq Composite 12112.31 250.18 2.11
S&P 500 4067.36 61.18 1.53
NYSE Latest Close Previous Close Week Ago
Issues traded 3,365 3,352 3,342
Advances 2,703 1,747 1,339
Declines 541 1,427 1,828
Bullish
Unchanged 121 178 175
New highs 36 23 18
New lows 29 101 101
Bullish
Adv. volume* 744,189,860 588,195,956 294,788,518
Decl. volume* 67,005,668 252,886,856 478,710,051
Total volume* 817,884,268 855,212,826 789,929,201
Closing Arms (TRIN)† 0.49 0.51 1.03
Block trades* 3,839 3,927 3,890
Adv. volume 3,523,453,022 2,740,656,598 1,485,040,244
Decl. volume 347,219,253 1,144,051,776 2,080,024,643
Total volume 3,901,945,574 3,966,857,960 3,665,857,390
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,851 4,860 4,813
Advances 3,308 2,694 1,696
Declines 1,280 1,847 2,811
Bullish
Unchanged 263 319 306
New highs 48 34 42
New lows 95 200 216
Bearish
Closing Arms (TRIN)† 0.74 0.79 1.26
Block trades 26,919 22,614 21,021
Adv. volume 3,386,751,787 2,783,561,861 1,359,398,333
Decl. volume 964,388,783 1,502,326,572 2,842,883,736
Total volume 4,401,598,249 4,329,913,837 4,257,416,449
|
Table 2 QUICKSILVER on ETFS - 9/8/2022
Bullish = 3 FAS, TAN, CORN
Bearish = 3 GLD, DBO, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 322.28 4.04 313.76 82.7% Bearish BLUE -.011 0 -----
---------------------------------------------------------------------------------------------
COMPQX 12112.31 250.18 11630.87 139.5% ------- BLUE -.01 .044 .034
---------------------------------------------------------------------------------------------
SPY 406.6 6.22 392.24 128.7% Bearish BLUE -.032 .03 -.002
---------------------------------------------------------------------------------------------
QQQ 307.09 6.57 295.17 129.3% ------- BLUE -.054 .043 -.011
---------------------------------------------------------------------------------------------
MDY 456.67 8.03 437.4 181.6% ------- BLUE .041 .054 .095
---------------------------------------------------------------------------------------------
IWM 187.4 3.69 180.09 162.8% ------- BLUE .03 .058 .088
---------------------------------------------------------------------------------------------
FAS 79.18 2.04 69.71 525.5% ------- BLUE .092 .186 .278
---------------------------------------------------------------------------------------------
RETL 10 .71 8.67 615.4% Bearish BLUE -.007 .185 .178
---------------------------------------------------------------------------------------------
SOXL 14.65 1 12.86 548.8% Bearish BLUE .022 .042 .064
---------------------------------------------------------------------------------------------
TECL 33.61 1.89 30.61 281.2% Bearish BLUE -.067 .11 .043
---------------------------------------------------------------------------------------------
IBB 128.4 1.42 121.19 211% ------- BLUE .024 .049 .073
---------------------------------------------------------------------------------------------
GLD 159.82 .84 159.26 61.4% Bearish BLUE -.344 -.096 -.44
---------------------------------------------------------------------------------------------
DBO 16.49 .7 16.58 12.3% Bearish BLUE -.092 -.164 -.256
---------------------------------------------------------------------------------------------
OIH 246.61 11.37 240.9 336.4% Bullish BLUE .197 -.005 .192
---------------------------------------------------------------------------------------------
CPER 21.37 .04 20.45 209.5% ------- ---- -.092 -.102 -.194
---------------------------------------------------------------------------------------------
TAN 87.79 .04 80.84 296.8% ------- RED .116 .227 .343
---------------------------------------------------------------------------------------------
UUP 29.19 -.21 29.38 -30.6% ------- ---- .15 .001 .151
---------------------------------------------------------------------------------------------
CORN 27.26 .51 26.61 155.2% Bullish BLUE .294 -.001 .293
---------------------------------------------------------------------------------------------
WEAT 8.81 .33 8.31 387.6% ------- BLUE .121 -.11 .011
---------------------------------------------------------------------------------------------
YINN 60.82 4.02 60.53 -312.2% ------- BLUE -.042 -.425 -.467
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/9/22
BULLISH = 30
Bearish - 16
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 .714 .571 .571 .571
UTILITY .868 .842 .868 .71 .71 .815
GREEN .736 .578 .631 .526 .526 .631
TRANSP .736 .473 .526 .263 .21 .368
INFRA .696 .515 .484 .454 .454 .454
FINANCE .695 .548 .451 .341 .378 .402
HIGHPRIC .695 .531 .433 .289 .296 .351
SP500 .692 .577 .533 .387 .395 .454
=====
REGBANKS .68 .52 .4 .24 .28 .52
OILGAS .679 .566 .547 .575 .613 .518
FIDSTKS .662 .544 .491 .355 .39 .437
INDEXES .648 .481 .4 .286 .264 .302
SP-100 .644 .511 .466 .311 .366 .433
SOLAR .625 .562 .687 .5 .5 .625
RETAIL .617 .531 .468 .404 .404 .382
DJI-13 .615 .538 .461 .384 .307 .461
MILITARY .615 .5 .5 .346 .423 .423
INSURANC .6 .48 .4 .28 .28 .24
MARIJUAN .6 .4 .2 .2 .3 .3
NASD-100 .597 .432 .402 .288 .309 .422
====
CHEM .565 .521 .521 .347 .391 .413
HOSPITAL .562 .5 .437 .312 .312 .25
BIOTECH .556 .52 .479 .377 .435 .495
REIT .553 .43 .476 .292 .215 .276
SOFTWARE .553 .41 .392 .339 .339 .428
JETS .538 .538 .538 .23 .153 .153
DOWJONES .533 .466 .4 .266 .266 .366
=====
INDMATER .527 .444 .375 .319 .347 .347
GAMING .526 .263 .263 .21 .21 .263
NIFTY .521 .434 .413 .347 .369 .478
============================================================================================
COAL .5 .333 .5 .5 .5 .5
COMPUTER .5 .55 .45 .4 .45 .5
HACKERS .5 .5 .375 .312 .25 .375
===========================================================================================
RUS-1000 .481 .405 .392 .308 .311 .331
ELECTRON .473 .338 .315 .248 .278 .323
AUTO .471 .377 .415 .32 .415 .452
FOOD .448 .265 .204 .163 .224 .183
HOMEBLDG .444 .277 .277 .222 .166 .222
BEVERAGE .428 .428 .428 .214 .428 .357
SEMI .421 .294 .273 .189 .231 .263
COMODITY .41 .256 .205 .153 .205 .153
LOWPRICE .351 .309 .304 .28 .32 .304
EDU .333 0 0 0 0 .166
ETFS .309 .236 .218 .218 .2 .181
COPPER .25 .125 .125 .125 .125 .125
CHINA .24 .18 .22 .18 .24 .24
GUNS .23 .23 .23 .23 .23 .23
GOLD .173 .086 .108 .043 .043 .043
BONDFUND .08 .068 .057 .034 .08 .034
|
===================================================================================
Friday:
Sept 9: 6:17 AM (PCT) Futures: DJI
+220 NASDAQ +113 Data Used for 9/8/2022
| |
This
is a Professionally rigged rally. It would not be occurring if the FED
was expected to be raising rates very aggressively later this
month. Professionals
and market makers took in a lot of stock on the recent 7% decline
and now want
to reduce their inventories of shares.
How do we know this? Low volume on the up-days versus
down-days is one way.
The way the Closing Powers have all turned up in synch. And
now the big gap
at the opening to run up prices before all traders can act.
How high will the rally go? As high as the Professionals
can push it. We
should watch the rising Closing Powers now. They will turn
down at the peak,
probably when the necklines of the various head and shoulders
patterns are
tagged or when the 5-day Stochastic on the DJI shows itself to be
in over-bought
position. Resistance will be greatest, I would guess at the
falling 21-dma.
That a majority of the SP-500 are now above their 65-dma
suggests to me
that the DJI and SP-500 will be able to surpass their 65-dma.
Because of the Sell S4 and history of September declines when the
FED is
raising rates, I must doubt that we have seen the bottom.
They key indexes,
DJI and SP-500 will likely have to test their year's lows later
this month
or next.
Let's continue to wait to short the big ETFs. Shorting some
of the bearish
MINCPs is still advised. Note the number of new lows
continues to outpace
the number of new highs. |
|
| |
September 8
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80908.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-08/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-08/BEARISH.htm |
|
Volume remains higher on declines, judging from weak OBV.
Oversold
condition of market started recovery. See S20, RSI and CCI
 |
Look for Stochastic-5 to
tell us when DJi is short-term over-bought.
|
A weak opening and a strong Closing started the rally which
Professionals are
now promoting. ALL the major Closing Powers turned up together.
As long as
they are rising, we should assume that Professionals are boosting the market
and want it to keep rising. 
|
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9-8-22
DJIA 31774.52 193.24 0.61
S&P 500 4006.18 26.31 0.66
Nasdaq Composite 11862.13 70.23 0.60
NYSE Latest Close Previous Close Week Ago
Issues traded 3,352 3,341 3,356
Advances 1,747 2,442 943
Declines 1,427 763 2,279
narrow
Unchanged 178 136 134
New highs 23 16 14
New lows 101 141 252
Adv. volume* 588,195,956 702,210,408 289,105,940
Decl. volume* 252,886,856 133,050,027 592,189,659
Total volume* 855,212,826 843,241,186 896,759,960
Closing Arms (TRIN)† 0.51 0.67 0.91
Block trades* 3,927 3,887 4,533
Adv. volume 2,740,656,598 3,165,744,908 1,277,071,636
Decl. volume 1,144,051,776 667,015,324 2,801,389,657
Total volume 3,966,857,960 3,890,329,473 4,152,257,849
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,860 4,829 4,864
Advances 2,694 3,285 1,540
Declines 1,847 1,292 3,022
Unchanged 319 252 302
New highs 34 31 34
New lows 200 291 425
Closing Arms (TRIN)† 0.79 0.59 0.89
Block trades 22,614 25,178 26,809
Adv. volume 2,783,561,861 3,574,110,285 1,731,438,086
Decl. volume 1,502,326,572 831,062,388 3,012,355,010
Total volume 4,329,913,837 4,445,647,782 4,792,890,548
|
Table 2 QUICKSILVER on ETFS - 9/8/2022
Bullish = 1 TAN
Bearish = 4 GLD, DBO, CPPR, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 318.24 1.91 317.06 41.1% Bearish BLUE -.02 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11862.13 70.23 11785.13 19.6% Bearish BLUE .004 .032 .036
---------------------------------------------------------------------------------------------
SPY 400.38 2.6 396.42 65.9% Bearish BLUE -.02 .023 .003
---------------------------------------------------------------------------------------------
QQQ 300.52 1.55 299.4 21% Bearish BLUE -.059 .031 -.028
---------------------------------------------------------------------------------------------
MDY 448.64 4.08 440.65 51.7% Bearish BLUE .034 .037 .071
---------------------------------------------------------------------------------------------
IWM 183.71 1.52 181.5 5.8% Bearish BLUE .024 .037 .061
---------------------------------------------------------------------------------------------
FAS 77.14 3.84 71.59 448.2% Bullish BLUE .103 .139 .242
---------------------------------------------------------------------------------------------
RETL 9.29 -.04 8.9 186% ------- BLUE -.04 .032 -.008
---------------------------------------------------------------------------------------------
SOXL 13.65 .66 13.22 -148.8% Bearish BLUE .042 -.091 -.049
---------------------------------------------------------------------------------------------
TECL 31.72 .32 31.86 -97.6% Bearish BLUE -.077 .062 -.015
---------------------------------------------------------------------------------------------
IBB 126.98 4.09 123.22 226.9% ------- BLUE .048 .053 .101
---------------------------------------------------------------------------------------------
GLD 158.98 -.96 157.87 -9.1% Bearish RED -.374 -.091 -.465
---------------------------------------------------------------------------------------------
DBO 15.79 .1 16.45 -352.5% Bearish RED -.083 -.209 -.292
---------------------------------------------------------------------------------------------
OIH 235.24 .99 230.75 -93.6% Bullish BLUE .191 -.059 .132
---------------------------------------------------------------------------------------------
CPER 21.33 .62 20.5 48.2% ------- BLUE -.1 -.09 -.19
---------------------------------------------------------------------------------------------
TAN 87.75 .33 82.79 204.7% Bullish BLUE .161 .186 .347
---------------------------------------------------------------------------------------------
UUP 29.4 .06 29.37 49.4% Bullish RED .182 .025 .207
---------------------------------------------------------------------------------------------
CORN 26.75 -.08 26.43 -22.4% ------- RED .258 -.012 .246
---------------------------------------------------------------------------------------------
WEAT 8.48 -.11 8.16 -35.7% Bearish RED .102 -.135 -.033
---------------------------------------------------------------------------------------------
YINN 56.8 -2.19 64.54 -814.4% ------- BLUE .004 -.464 -.46
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/8/22
Bullish = 18
Bearish = 28
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 .714 .571 .571 .571 .714
UTILITY .842 .868 .71 .71 .815 .736
GREEN .578 .631 .526 .526 .631 .684
SP500 .575 .531 .386 .392 .454 .442
=====
OILGAS .566 .547 .575 .613 .509 .622
SOLAR .562 .687 .5 .5 .625 .687
COMPUTER .55 .45 .4 .45 .5 .5
FINANCE .548 .451 .341 .365 .402 .439
FIDSTKS .544 .491 .355 .39 .431 .431
DJI-13 .538 .461 .384 .307 .461 .307
JETS .538 .538 .23 .153 .153 .153
HIGHPRIC .531 .433 .289 .296 .347 .378
RETAIL .531 .468 .404 .404 .382 .446
CHEM .521 .521 .369 .369 .434 .5
BIOTECH .52 .476 .38 .435 .493 .493
REGBANKS .52 .4 .24 .28 .52 .48
INFRA .515 .484 .454 .454 .454 .484
SP-100 .511 .466 .311 .366 .433 .411
------------------------------------------------------------------------------------------------------
HACKERS .5 .375 .312 .25 .375 .375
HOSPITAL .5 .437 .312 .312 .25 .25
MILITARY .5 .5 .346 .423 .423 .461
---------------------------------------------------------------------------------------------------------
INDEXES .481 .4 .286 .264 .297 .372
INSURANC .48 .4 .28 .28 .24 .24
TRANSP .473 .526 .263 .21 .368 .368
DOWJONES .466 .4 .266 .266 .366 .3
=====
INDMATER .444 .375 .319 .347 .347 .402
NIFTY .434 .413 .326 .369 .478 .456
NASD-100 .432 .402 .278 .309 .422 .402
------0
REIT .43 .469 .3 .223 .253 .33
BEVERAGE .428 .428 .214 .428 .357 .357
SOFTWARE .41 .41 .339 .339 .446 .482
RUS-1000 .405 .394 .308 .313 .326 .354
MARIJUAN .4 .2 .2 .3 .3 .7
AUTO .377 .415 .32 .415 .452 .509
ELECTRON .338 .315 .248 .278 .315 .398
COAL .333 .5 .5 .5 .5 .666
LOWPRICE .312 .304 .28 .32 .306 .351
SEMI .294 .273 .189 .231 .252 .315
HOMEBLDG .277 .277 .222 .166 .222 .277
FOOD .265 .204 .163 .224 .183 .244
GAMING .263 .263 .157 .263 .263 .315
COMODITY .256 .205 .153 .205 .153 .256
ETFS .236 .218 .218 .2 .2 .236
GUNS .23 .23 .23 .23 .23 .23
CHINA .18 .22 .18 .24 .24 .3
COPPER .125 .125 .125 .125 .125 .125
GOLD .086 .108 .043 .043 .043 .043
BONDFUND .068 .057 .034 .08 .045 .103
EDU 0 0 0 0 .166 .166
|
| |
| |
| |
| |
| |
| |
| |
| |
| |
===================================================================================
Thursday: September 8: 6:00 AM
(PCT) Futures: DJI +46 NASDAQ 0 Data Used
for 9/7/2022
| |
Crude oil broke support. That was
good news for utilities, bonds, bank stocks. And that
allowed a majority of SP-500 stocks to get back above their
65-dma. This was impressive,
more so than the raw number of somewhat less than 1500 more
advancers than decliners
on the NYSE. In addition, bears will notice that
there were many more new lows than
new highs on Wednesday.
With the Sell S4 not considered reversed, the present rally
might manage to take the DJI
back up to its 21-day ma, about 4% higher, but more than
that is unlikely. When the
FED is in the process of raising rates, bottoms in the
second year of the four-year cycle
always seem to occur in Octobers, not Septembers. In
fact, since 1966 in the second
year after a Presidential Election, the DJI only rallies
36% of the time over the next month.
So, while, the DJI has fallen to the 4% lower band and fell
8% down from its recent peak,
and while the oversold readings from our Stochastic-20, RSI
and CCI tools are clear
enough, I just doubt if there will be enough rally now to
make it worth playing or whether
the rally will take the DJI enough above the 21-day ma to
give us a new Sell.
I would prefer to short more Bearish MINCPs, but wait to
short the major market
ETFs. Friday often brings a counter-trend rally.
Let's see if that will bring a higher
level for DIA and SPY to sell short. |
|
| |
September 7
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80907.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-07/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-07/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
The pattern is very strong for the DJI to bottom out in Octobers of the
Second year of the 4-year Presidential cycle when the FED was raising rates.
1974, 1978, 1990, 1998, 2014, 2018 |
 |
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9-7-22
Last Chg %Chg
DJIA 31581.28 435.98 +1.40%
Nasdaq 11791.90 246.99 +2.14%
S&P 500 3979.87 71.68 +1.83%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,341 3,349 3,349
Advances 2,442 1,030 1,004
Declines 763 2,194 2,194
Unchanged 136 125 151
New highs 16 17 11
New lows 141 222 160
improving
Adv. volume* 702,210,408 279,459,839 370,334,164
Decl. volume* 133,050,027 615,166,412 846,629,565
Total volume* 843,241,186 908,624,088 1,233,546,897
Closing Arms (TRIN)† 0.67 1.01 0.95
Block trades* 3,887 4,062 4,478
Adv. volume 3,165,744,908 1,283,033,783 1,495,536,330
Decl. volume 667,015,324 2,763,268,804 3,100,829,412
Total volume 3,890,329,473 4,127,346,419 4,655,182,256
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,829 4,762 4,818
Advances 3,285 1,465 1,935
Declines 1,292 3,075 2,558
Unchanged 252 222 325
New highs 31 35 24
New lows 291 396 227
improving
Closing Arms (TRIN)† 0.59 0.81 0.81
Block trades 25,178 24,849 29,840
Adv. volume 3,574,110,285 1,699,879,050 2,354,568,840
Decl. volume 831,062,388 2,893,885,900 2,514,996,754
Total volume 4,445,647,782 4,622,940,199 4,935,417,703
|
Table 2 QUICKSILVER on ETFS - 9/7/2022
Bullish = 3 TAN, UUP (Dollar) CORN
Bearish = 3 GLD, CPPR, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 316.33 4.13 315.65 -27.1% Bearish BLUE -.08 0 -.08
---------------------------------------------------------------------------------------------
COMPQX 11791.9 246.99 11816.2 -38.9% Bearish BLUE -.038 .017 -.021
---------------------------------------------------------------------------------------------
SPY 397.78 7.02 395.18 -5.4% Bearish BLUE -.073 .017 -.056
---------------------------------------------------------------------------------------------
QQQ 298.97 5.92 299.27 -34.4% Bearish BLUE -.095 .016 -.079
---------------------------------------------------------------------------------------------
MDY 444.56 9.96 444.09 -30.5% Bearish BLUE -.034 .035 .001
---------------------------------------------------------------------------------------------
IWM 182.19 3.88 183.5 -66.9% Bearish BLUE -.043 .03 -.013
---------------------------------------------------------------------------------------------
FAS 73.3 3.93 70.78 48% Bearish BLUE .055 .071 .126
---------------------------------------------------------------------------------------------
RETL 9.33 .83 8.96 -84.3% Bearish BLUE -.106 -.056 -.162
---------------------------------------------------------------------------------------------
SOXL 12.99 .57 14.04 -552.2% Bearish BLUE -.03 -.184 -.214
---------------------------------------------------------------------------------------------
TECL 31.4 1.42 32.33 -300.5% Bearish BLUE -.092 -.023 -.115
---------------------------------------------------------------------------------------------
IBB 122.89 3.35 121.46 72.1% ------- BLUE -.091 .017 -.074
---------------------------------------------------------------------------------------------
GLD 159.94 1.61 159.27 -17.9% ------- BLUE -.362 -.065 -.427
---------------------------------------------------------------------------------------------
DBO 15.69 -.91 16.95 -541.1% Bearish RED -.073 -.172 -.245
---------------------------------------------------------------------------------------------
OIH 234.25 -3.29 239.67 -167.3% ------- BLUE .182 -.02 .162
---------------------------------------------------------------------------------------------
CPER 20.71 -.13 21.13 -158.2% Bearish BLUE -.178 -.095 -.273
---------------------------------------------------------------------------------------------
TAN 87.42 5.07 84.33 228.9% ------- BLUE .189 .159 .348
---------------------------------------------------------------------------------------------
UUP 29.34 -.21 29.11 35.8% Bullish RED .208 .052 .26
---------------------------------------------------------------------------------------------
CORN 26.83 -.25 26.87 -48.5% ------- RED .238 .019 .257
---------------------------------------------------------------------------------------------
WEAT 8.59 .2 8.54 95.6% ------- ---- .119 -.086 .033
---------------------------------------------------------------------------------------------
YINN 58.99 1.99 66.83 -310.3% ------- BLUE -.045 -.418 -.463
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/7/22
bullish = 9
bearish = 38
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .868 .71 .71 .815 .736 .789
BIGBANKS .714 .571 .571 .571 .714 .714
SOLAR .687 .5 .5 .625 .687 .687
GREEN .631 .526 .526 .631 .684 .684
OILGAS .547 .575 .613 .509 .622 .622
JETS .538 .23 .153 .153 .153 .23
SP500 .531 .386 .392 .452 .442 .49
=====
TRANSP .526 .263 .21 .368 .368 .526
CHEM .521 .369 .391 .413 .521 .478
================================================================================================
COAL .5 .5 .5 .5 .666 .666
MILITARY .5 .346 .423 .423 .461 .5
FIDSTKS .491 .355 .39 .431 .426 .467
INFRA .484 .454 .454 .454 .484 .515
BIOTECH .476 .377 .438 .493 .493 .468
REIT .469 .292 .23 .261 .315 .4
RETAIL .468 .404 .404 .382 .446 .51
SP-100 .466 .311 .366 .433 .411 .455
DJI-13 .461 .384 .307 .461 .307 .384
FINANCE .451 .341 .365 .39 .426 .512
COMPUTER .45 .4 .45 .5 .5 .55
HOSPITAL .437 .312 .312 .25 .25 .25
HIGHPRIC .433 .289 .296 .347 .378 .441
BEVERAGE .428 .214 .428 .357 .357 .357
AUTO .415 .32 .415 .452 .509 .584
NIFTY .413 .326 .347 .478 .456 .5
SOFTWARE .41 .357 .339 .446 .482 .482
NASD-100 .402 .278 .298 .422 .391 .402
=====
DOWJONES .4 .266 .266 .366 .3 .366
=====
INDEXES .4 .286 .264 .297 .345 .427
INSURANC .4 .28 .28 .24 .24 .32
REGBANKS .4 .24 .28 .52 .48 .56
RUS-1000 .394 .311 .313 .329 .351 .397
HACKERS .375 .312 .25 .375 .375 .5
INDMATER .375 .319 .347 .347 .402 .416
ELECTRON .315 .248 .278 .315 .39 .451
LOWPRICE .306 .28 .32 .306 .349 .354
HOMEBLDG .277 .222 .166 .222 .222 .333
SEMI .273 .189 .231 .252 .305 .368
GAMING .263 .157 .21 .315 .315 .315
GUNS .23 .23 .23 .23 .23 .384
CHINA .22 .18 .24 .24 .3 .24
ETFS .218 .218 .2 .2 .254 .236
COMODITY .205 .153 .205 .153 .256 .358
FOOD .204 .163 .224 .183 .265 .367
MARIJUAN .2 .2 .3 .3 .7 .5
COPPER .125 .125 .125 .125 .125 .125
GOLD .108 .043 .043 .043 .043 .043
BONDFUND .057 .034 .08 .045 .114 .126
EDU 0 0 0 .166 .166 .166
|
====================================================================================
Wednesday: September 7: 6:05 AM (PCT) Futures: DJI -65 NASDAQ -11 Data Used for 9/6/2022
| |
Today saw another failed early rally.
Professionals keep selling heavily into early
strength brought about by overseas and Public buying. The
exceptionally strong
Dollar (UUP) may encourage this. To get a real reversal
back up we will probably
have to see the reversal of this pattern. We will need to
see early weakness and real
strength at the close. The red candle-sticks will turn blue
and the Closing Power
downtrend will need to be broken.
The DJI has now fallen to a point 5.1% below its 21-dma.
The movement down
has been stready, not dramatic. This allows the Public to
retain confidence that if
they are patient, they will be bailed out by another rally.
This way of thinking
still dominates most of the Public. If you tell them about
how the market and inflation
are starting to look like the early 1970s when the prevailing
belief back then was that one
should just buy and hold a good stock and hold it forever, they
assure you that
they are in no hurry to sell and they have the patience to ride
out another deep
decline such as in 2000-2003, 1007-2009 or 2022. Maybe,
they do have
such patience and fortiitude. But the 1970's Inflation and
the FED's "Stop:Go"
policies back then were also made to order for trading with our
technical
indicators and Peerless. Those tactics made a lot more
money than buying
and holding for more than a decade back then.
I don't know how deep this decline will be. No one really
does. That's the
problem. Professional economists are much smarter these
days, at least those
that have studied monetary and market history are, presumably.
But, never
before has the FED built up so much debt and never before have
short-sellers
been so well equipped with leveraged instruments for easy
short-selling. Morever,
never before have the hugely wealthy become so dominant in
American public-
policy making. We can use the past to predict the future,
but we still have to
see how much could change. Climate change, power girid
outages, drought,
unrelenting heat and new strains of Covid are just the things we
can name. Other
things that we cannot name now will also play a big role.
The period from 1982 to 2022 gave us lots of uplift in the
stock market. Were
we just lucky? The long-term decline in intrest rates
that began in 1981 has ended.
What else will be changing for the worse.
My advise: trade with the technical tools we offer and
don't be wedded intellectually
to an overly optimistic long-term view. Sell
short more of the bearish MINCPs
and use rallies back to their 65-dma by the big ETFs to
short them. A test of the
year's lows in September or October seems very likely.
|
|
| |
September 6
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80906.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-06/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-06/BEARISH.htm |
|
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Table 1 Breadth Statistics
---------------------------------------
9-6-22
DJIA 31145.30 -173.14 -0.55
S&P 500 3908.19 -16.07 -0.41
Nasdaq 11544.91 -85.96 -0.74
NYSE Latest Close Previous Close Week Ago
Issues traded 3,349 3,342 3,345
Advances 1,030 1,339 669
Declines 2,194 1,828 2,518
Worsened
Unchanged 125 175 158
New highs 17 18 12
New lows 222 101 146
bearish
Adv. volume* 279,459,839 294,788,518 148,748,723
Decl. volume* 615,166,412 478,710,051 653,894,158
Total volume* 908,624,088 789,929,201 811,857,519
Closing Arms (TRIN)† 1.01 1.03 1.14
Block trades* 4,062 3,890 3,997
Adv. volume 1,283,033,783 1,485,040,244 719,340,782
Decl. volume 2,763,268,804 2,080,024,643 3,096,645,723
Total volume 4,127,346,419 3,665,857,390 3,846,553,613
ASDAQ Latest Close Previous Close Week Ago
Issues traded 4,762 4,813 4,819
Advances 1,465 1,696 1,318
Declines 3,075 2,811 3,200
Unchanged 222 306 301
New highs 35 42 18
New lows 396 216 256
Bearish
Closing Arms (TRIN)† 0.81 1.26 1.02
Block trades 24,849 21,021 27,490
Adv. volume 1,699,879,050 1,359,398,333 1,311,417,378
Decl. volume 2,893,885,900 2,842,883,736 3,246,356,437
Total volume 4,622,940,199 4,257,416,449 4,614,702,005
|
Table 2 QUICKSILVER on ETFS - 9/6/2022
Bullish = 2 UUP (Dollar) CORN
Bearish = 4 RETL, CPER, GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 312.2 -1.56 318.04 -140.3% Bearish RED -.141 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11544.91 -85.96 11883.14 -199.9% Bearish RED -.109 .004 -.105
---------------------------------------------------------------------------------------------
SPY 390.76 -1.48 398.21 -149.5% Bearish RED -.139 .011 -.128
---------------------------------------------------------------------------------------------
QQQ 293.05 -2.12 301.02 -189.4% Bearish RED -.155 .004 -.151
---------------------------------------------------------------------------------------------
MDY 434.6 -2.8 447.25 -211.4% Bearish RED -.096 .03 -.066
---------------------------------------------------------------------------------------------
IWM 178.31 -1.78 184.62 -243.5% Bearish RED -.104 .027 -.077
---------------------------------------------------------------------------------------------
FAS 69.37 -.34 72.62 -295.8% Bearish RED -.038 .016 -.022
---------------------------------------------------------------------------------------------
RETL 8.5 -.17 9.48 -698.8% Bearish RED -.155 -.168 -.323
---------------------------------------------------------------------------------------------
SOXL 12.42 -.44 14.47 -944.1% Bearish RED -.051 -.205 -.256
---------------------------------------------------------------------------------------------
TECL 29.98 -.63 33.3 -683% Bearish RED -.154 -.072 -.226
---------------------------------------------------------------------------------------------
IBB 119.54 -1.65 121.14 -105.1% Bearish RED -.115 .005 -.11
---------------------------------------------------------------------------------------------
GLD 158.33 -.93 160.51 -110.5% Bearish RED -.372 -.06 -.432
---------------------------------------------------------------------------------------------
DBO 16.6 .02 17.51 -463.9% ------- RED .041 -.091 -.05
---------------------------------------------------------------------------------------------
OIH 237.54 -3.36 242.22 -342.8% ------- RED .15 .047 .197
---------------------------------------------------------------------------------------------
CPER 20.84 .39 21.37 -197.4% Bearish ---- -.184 -.069 -.253
---------------------------------------------------------------------------------------------
TAN 82.35 1.51 83.63 -141.7% Bearish BLUE .031 .125 .156
---------------------------------------------------------------------------------------------
UUP 29.55 .17 29.13 70.1% Bullish ---- .27 .073 .343
---------------------------------------------------------------------------------------------
CORN 27.08 .47 27.09 -33.5% Bullish BLUE .363 .019 .382
---------------------------------------------------------------------------------------------
WEAT 8.39 .08 8.43 -154.4% Bullish ---- .204 -.11 .094
---------------------------------------------------------------------------------------------
YINN 57 -3.53 62.86 -880.4% Bearish RED -.108 -.41 -.518
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/6/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .71 .71 .815 .736 .763 .842
OILGAS .575 .613 .509 .622 .603 .82
BIGBANKS .571 .571 .571 .714 .714 .714
GREEN .526 .526 .631 .684 .684 .684
COAL .5 .5 .5 .666 .666 .833
SOLAR .5 .5 .625 .687 .687 .75
INFRA .454 .454 .454 .484 .515 .757
RETAIL .404 .404 .382 .446 .51 .51
COMPUTER .4 .45 .5 .5 .55 .6
SP500 .386 .392 .452 .44 .486 .533
DJI-13 .384 .307 .461 .307 .384 .384
BIOTECH .377 .435 .495 .493 .471 .523
CHEM .369 .391 .434 .5 .478 .543
SOFTWARE .357 .357 .446 .482 .482 .553
FIDSTKS .355 .39 .431 .426 .449 .514
MILITARY .346 .423 .423 .461 .5 .615
FINANCE .341 .365 .39 .414 .512 .5
NIFTY .326 .347 .456 .456 .5 .543
AUTO .32 .415 .452 .509 .584 .603
INDMATER .319 .347 .347 .402 .416 .5
HACKERS .312 .25 .375 .375 .5 .437
HOSPITAL .312 .312 .25 .25 .25 .375
RUS-1000 .311 .316 .329 .354 .392 .445
SP-100 .311 .366 .433 .411 .444 .488
REIT .292 .223 .269 .323 .376 .53
HIGHPRIC .289 .296 .347 .378 .425 .527
INDEXES .286 .264 .297 .345 .416 .594
LOWPRICE .283 .32 .306 .349 .351 .391
INSURANC .28 .28 .24 .24 .32 .36
NASD-100 .278 .298 .412 .391 .402 .453
DOWJONES .266 .266 .366 .3 .366 .366
TRANSP .263 .21 .368 .368 .473 .526
ELECTRON .248 .278 .315 .39 .443 .511
REGBANKS .24 .28 .52 .48 .56 .52
GUNS .23 .23 .23 .23 .384 .384
JETS .23 .153 .153 .153 .23 .23
HOMEBLDG .222 .166 .222 .222 .277 .444
ETFS .218 .2 .2 .254 .254 .272
BEVERAGE .214 .428 .357 .357 .357 .428
MARIJUAN .2 .3 .3 .7 .5 .7
SEMI .189 .231 .252 .305 .357 .442
CHINA .18 .24 .24 .3 .24 .32
FOOD .163 .224 .183 .265 .346 .51
GAMING .157 .21 .263 .368 .315 .421
COMODITY .153 .205 .153 .256 .333 .487
COPPER .125 .125 .125 .125 .125 .25
GOLD .043 .043 .043 .043 .043 .108
BONDFUND .034 .08 .045 .114 .137 .16
EDU 0 0 .166 .166 .166 0
|
===================================================================================
Tuesday: September 6: 5:30 AM (PCT) Futures: DJI +235 NASDAQ + 893 Data Used for 9/2/2022
| |
The Labor Department reported that
non-agricultural jobs grew by 315,000 last month.
The slow rise in interest rates is not having much effect
yet. With inflation above 8%,
the FED cannot even suppress the anticipatory buying
Inflation invites. True, there are
some lay-offs, but the FED has a very long way to go if it
really intends Inflation to fall
back to 2%. Traders are having lots of second
thoughts about Fed Chairman Powell.
He is not being honest. How can he be taken
seriously? I would not depend on him
to fight inflation or help sell more bonds.
So, it's not surprising that we see another rally attempt.
Without the FED's aggressive
intervention and making its raising rates start to really
hurt the economy, why shouldn't
the DJI try to rally. It closed on Friday 5% below
the |resistance of its 21-day ma,
thereby giving very short-term scalpers plenty of
head-room.
But the Closing Powers that we follow are all falling.
This warns us that what happened
Friday after the DJI rose 200 points could happen again
after mid-day today, namely that
the bears among New York Professionals will again ply their
trade and stifle and snuff-out
the rally. I suspect this will beome a pattern this
month. See in Table 3 how 2/3 of
of the stocks comprising the SP-500, DJI and QQQ are below
the firm resistance
of their 65-dma. This should blunt any rally.
So should the DJI's bearish seasonality
this month.
The Sell S4 is still in effect. Overhead is plenty of
resistance at the DJI's 65-dma
and then at its falling 21-dma.
OPEC is lowering oil production. It wants Crude to stay above its support at its
recent lows. The Dollar remains strong because higher
US interest rates are expected
without harming the economy. Gold and Silver are at
their lows. A financial panic -
if that were in the cards - would be sending up Gold and
Silver. My view is that we
will see more backing and filling on a generally downward
slant. Yes, this is boring.
But that is the way long bear markets behave.
Pick some bearish MINCPs from our Hotline today and
short them. I expect them
to be generally weaker than the major market ETFs,
which could recover 2%-3%
from their current oversold position.
|
|
| |
Sept. 2
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80902.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-02/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-02/BEARISH.htm FIXED |
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Table 1 Breadth Statistics
---------------------------------------
9/2/2002
Last Chg %Chg
DJIA 31318.44 -337.98 -1.07
S&P 500 3924.26 -42.59 -1.07
Nasdaq 11630.86 -154.26 -1.31
NYSE Latest Close Previous Close Week Ago
Issues traded 3,342 3,356 3,364
Advances 1,339 943 429
Declines 1,828 2,279 2,750
Unchanged 175 134 185
New highs 18 14 28
New lows 101 252 97
fewer
Adv. volume* 294,788,518 289,105,940 54,705,277
Decl. volume* 478,710,051 592,189,659 737,687,661
Total volume* 789,929,201 896,759,960 795,074,490
Closing Arms (TRIN)† 1.03 0.91 1.48
Block trades* 3,890 4,533 3,962
Adv. volume 1,485,040,244 1,277,071,636 363,730,223
Decl. volume 2,080,024,643 2,801,389,657 3,461,342,328
Total volume 3,665,857,390 4,152,257,849 3,849,184,279
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,813 4,864 4,851
Advances 1,696 1,540 807
Declines 2,811 3,022 3,744
Unchanged 306 302 300
New highs 42 34 37
New lows 216 425 172
fewer
Closing Arms (TRIN)† 1.26 0.89 1.01
Block trades 21,021 26,809 25,123
Adv. volume 1,359,398,333 1,731,438,086 796,751,531
Decl. volume 2,842,883,736 3,012,355,010 3,730,433,337
Total volume 4,257,416,449 4,792,890,548 4,543,505,642
|
Table 2 QUICKSILVER on ETFS - 9/2/2022
Bullish = 1 UUP (Dollar)
Bearish = 3 CPER, GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 313.76 -3.3 321.1 -143.8% Bearish RED -.077 0 ====
---------------------------------------------------------------------------------------------
COMPQX 11630.87 -154.26 12017.67 -214.1% Bearish RED -.081 .013 -.068
---------------------------------------------------------------------------------------------
SPY 392.24 -4.18 402.63 -163.6% Bearish RED -.1 .015 -.085
---------------------------------------------------------------------------------------------
QQQ 295.17 -4.23 304.41 -202.9% Bearish RED -.129 .013 -.116
---------------------------------------------------------------------------------------------
MDY 437.4 -3.25 453.4 -211.9% Bearish RED -.045 .041 -.004
---------------------------------------------------------------------------------------------
IWM 180.09 -1.41 187.24 -240.1% Bearish RED -.039 .038 -.001
---------------------------------------------------------------------------------------------
FAS 69.71 -1.88 73.61 -381.3% Bearish RED -.021 .107 .086
---------------------------------------------------------------------------------------------
RETL 8.67 -.23 9.78 -679.8% Bearish RED -.137 -.093 -.23
---------------------------------------------------------------------------------------------
SOXL 12.86 -.36 15.05 -1072% Bearish RED -.024 -.105 -.129
---------------------------------------------------------------------------------------------
TECL 30.61 -1.25 34.42 -780.9% Bearish RED -.103 .017 -.086
---------------------------------------------------------------------------------------------
IBB 121.19 -2.03 122.1 -72% Bearish RED .018 .004 .022
---------------------------------------------------------------------------------------------
GLD 159.26 1.39 161.86 -78% ------- ---- -.331 -.087 -.418
---------------------------------------------------------------------------------------------
DBO 16.58 .13 18.19 -288.4% Bullish RED .06 -.104 -.044
---------------------------------------------------------------------------------------------
OIH 240.9 10.15 254.1 -183.7% Bullish BLUE .174 .065 .239
---------------------------------------------------------------------------------------------
CPER 20.45 -.05 21.67 -407.1% Bearish RED -.161 -.121 -.282
---------------------------------------------------------------------------------------------
TAN 80.84 -1.95 84.71 -289.7% Bearish RED .004 .084 .088
---------------------------------------------------------------------------------------------
UUP 29.38 .01 29.14 42.8% Bullish BLUE .289 .032 .321
---------------------------------------------------------------------------------------------
CORN 26.61 .18 27.26 -29.8% Bullish ---- .316 -.005 .311
---------------------------------------------------------------------------------------------
WEAT 8.31 .15 8.65 -29.7% Bullish ---- .177 -.16 .017
---------------------------------------------------------------------------------------------
YINN 60.53 -4.01 68.38 -742.4% Bearish RED -.03 -.354 -.384
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/2/22
Bullish = 4
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .71 .815 .736 .763 .842 .842
OILGAS .613 .509 .622 .603 .811 .745
BIGBANKS .571 .571 .714 .714 .714 .714
GREEN .526 .631 .684 .684 .684 .789
=============================================================================================
COAL .5 .5 .666 .666 .833 .833
SOLAR .5 .625 .687 .687 .75 .75
===========================================================================================
INFRA .454 .454 .484 .515 .757 .727
COMPUTER .45 .5 .5 .55 .6 .6
BIOTECH .435 .493 .495 .471 .526 .556
BEVERAGE .428 .357 .357 .357 .428 .5
MILITARY .423 .423 .461 .5 .615 .653
AUTO .415 .452 .509 .584 .603 .66
RETAIL .404 .382 .446 .51 .51 .574
SP500 .392 .452 .44 .484 .537 .591
-----
CHEM .391 .434 .521 .456 .565 .543
FIDSTKS .39 .431 .426 .449 .508 .556
SP-100 .366 .433 .411 .444 .477 .566
FINANCE .365 .39 .414 .5 .5 .573
SOFTWARE .357 .464 .482 .482 .553 .5
INDMATER .347 .347 .402 .416 .5 .5
NIFTY .347 .456 .434 .5 .543 .565
LOWPRICE .322 .306 .349 .351 .391 .378
RUS-1000 .316 .331 .354 .394 .44 .481
HOSPITAL .312 .25 .25 .25 .375 .375
DJI-13 .307 .461 .307 .384 .384 .538
MARIJUAN .3 .3 .7 .5 .7 .7
NASD-100 .298 .412 .381 .402 .463 .505
-----
HIGHPRIC .296 .347 .378 .425 .535 .605
INSURANC .28 .24 .24 .32 .36 .48
REGBANKS .28 .52 .48 .56 .52 .68
ELECTRON .278 .315 .39 .443 .503 .578
DOWJONES .266 .366 .3 .366 .366 .466
-----
INDEXES .264 .297 .345 .416 .594 .664
HACKERS .25 .375 .375 .5 .437 .5
CHINA .24 .24 .3 .24 .34 .36
SEMI .231 .252 .305 .357 .431 .494
GUNS .23 .23 .23 .384 .384 .384
FOOD .224 .183 .265 .346 .489 .408
REIT .223 .261 .33 .384 .515 .576
GAMING .21 .263 .315 .368 .421 .526
TRANSP .21 .368 .368 .473 .526 .578
COMODITY .205 .153 .256 .333 .487 .41
ETFS .2 .2 .254 .254 .29 .29
HOMEBLDG .166 .222 .222 .277 .444 .5
JETS .153 .153 .153 .23 .23 .23
COPPER .125 .125 .125 .125 .25 .375
BONDFUND .08 .045 .114 .137 .149 .206
GOLD .043 .043 .043 .043 .108 .108
EDU 0 .166 .166 .166 0 .333
|
====================================================================================
Friday: September 2: 5:58 AM (PCT) Futures: DJI +26 NASDAQ -2 Data Used for 9/1/2022
| |
Unemployment finally rose
a little, but August's additional jobs also rose, by 315,000.
This should not have much effect on the
market. More important are the technicals.
We see "oversold" readings, but
also bearish H/S patterns, the key ETFs below their
65-dma and only a handful of
industry groups have a majority of their components above
their key 65-dma. DIA's
Closing Power did finally turn up on Thursday, but it is being
forced to be the leader, as both
the NASDAQ and QQQ fell for the day.
Friday should be a quiet day.
We do not want to see the market turn down
sharply today or early next week.
That would be scary because of the DJI's
resemblance if there is a sell-off
today and Tuesday with the DJI's top in August 1937
its weakness at this. A 40%
bear market followed back then. Let's all hope
our leaders and economists are much
smarter now..
Since we are operating under a Sell
S4 and do not expect much of a rebound from
the oversold condition, traders may
want to short some of the Bearish MINCP
on a rebound today and Tuesday.
We will wait for a 3% rebound in DJI back
to the neckline in its H/S pattern
before shorting DIA. The NASDAQ, QQQ
and TECL are weaker than the DJI.
So, we will probably recommend them as
short sales if there is a recovery
today and early next week.
Watch IBB, to see if it can hold
now at its support.
Have a safe and happy labor day,. |
|
| |
Sept. 1
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80901.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/9-01/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/9-01/BEARISH.htm |
|
Sell S4 is operative Peerless Signal
If DJI can rise above 65-dma at 32030, about 380 points higher,
a rally back to the bottom of the recent H/S pattern is likely.
 
|
A particularly weak late August brought on a major 40% bear market in
1937-1938.
The FED and the FDR Administration shifted to bearish monetary and fiscal polcies.
The CIO successfully unionized General Motors using the sit-in tactics. 1938 also
saw a record number of strikes. And war with Hitler was edging closer. This
slump
in the stock market re-started the economic Depression, which did not end until
the start of World War II.
 |
| The falling 65-dma of NASDAQ is 140 higher. A close below 11500
would be dangerous. 
|
SPY's 65-dma resistance is just 2.3 points higher. After that is
its H/S neckline at 411.
 |
QQQ's 65-dma is only 2.7 points higher. This may pose resistance.
After that, 312 is next resistance.
 |
30 is TECL's key support. 35.4 is likely resistance.
 |
 |
 |
 |
Suggested short sales instead of ETFS until they rally to the neckline:
Bond Funds, IQI,
ILPT, RNG
 |
|
 |
 |
Table 1 Breadth Statistics
---------------------------------------
9/1/2022
Last Chg %Chg
DJIA 31510.43 -280.44 -0.88
S&P 500 3955.00 -31.16 -0.78
Nasdaq Composite 11816.20 -66.93 -0.56
NYSE Latest Close Previous Close Week Ago
Issues traded 3,349 3,345 3,397
Advances 1,004 669 2,037
Declines 2,194 2,518 1,193
Unchanged 151 158 167
New highs 11 12 38
New lows 160 146 75
Bearish
Adv. volume* 370,334,164 148,748,723 506,005,698
Decl. volume* 846,629,565 653,894,158 207,638,268
Total volume* 1,233,546,897 811,857,519 723,414,271
Closing Arms (TRIN)† 0.95 1.14 0.60
Block trades* 4,478 3,997 3,938
Adv. volume 1,495,536,330 719,340,782 2,634,914,605
Decl. volume 3,100,829,412 3,096,645,723 924,404,872
Total volume 4,655,182,256 3,846,553,613 3,608,290,233
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,818 4,819 4,907
Advances 1,935 1,318 2,814
Declines 2,558 3,200 1,807
Unchanged 325 301 286
New highs 24 18 54
New lows 227 256 144
Bearish
Closing Arms (TRIN)† 0.81 1.02 0.46
Block trades 29,840 27,490 21,524
Adv. volume 2,354,568,840 1,311,417,378 2,950,663,375
Decl. volume 2,514,996,754 3,246,356,437 875,944,901
Total volume 4,935,417,703 4,614,702,005 3,889,382,861
|
Table 2 QUICKSILVER on ETFS - 9/1/2022
Bullish = 0
Bearish = 3 CPER, GLD, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 317.06 1.41 322.93 -249.7% Bearish BLUE -.039 0 -.039
---------------------------------------------------------------------------------------------
COMPQX 11785.13 -31.07 12141.71 -353% Bearish BLUE -.006 .025 .019
---------------------------------------------------------------------------------------------
SPY 396.42 1.24 405.31 -285.6% Bearish BLUE -.046 .018 -.028
---------------------------------------------------------------------------------------------
QQQ 299.4 .13 307.44 -345.5% Bearish BLUE -.054 .026 -.028
---------------------------------------------------------------------------------------------
MDY 440.65 -3.44 456.4 -329.3% Bearish BLUE -.027 .038 .011
---------------------------------------------------------------------------------------------
IWM 181.5 -2 188.98 -369.8% Bearish RED .002 .041 .043
---------------------------------------------------------------------------------------------
FAS 71.59 .81 75.26 -751.1% ------- BLUE .021 .112 .133
---------------------------------------------------------------------------------------------
RETL 8.9 -.06 9.95 -1082.3% ------- BLUE -.146 -.014 -.16
---------------------------------------------------------------------------------------------
SOXL 13.22 -.82 15.98 -1933.8% Bearish BLUE .054 -.116 -.062
---------------------------------------------------------------------------------------------
TECL 31.86 -.47 35.85 -1303.7% Bearish BLUE -.023 .088 .065
---------------------------------------------------------------------------------------------
IBB 123.22 1.76 122.95 -171.9% ------- BLUE .088 .047 .135
---------------------------------------------------------------------------------------------
GLD 157.87 -1.4 161.76 -182.1% ------- RED -.245 -.119 -.364
---------------------------------------------------------------------------------------------
DBO 16.45 -.5 17.58 -369.4% Bullish RED .029 -.157 -.128
---------------------------------------------------------------------------------------------
OIH 230.75 -8.92 249.84 -507.7% Bullish RED .082 -.054 .028
---------------------------------------------------------------------------------------------
CPER 20.5 -.63 22.19 -418.7% ------- RED -.109 -.18 -.289
---------------------------------------------------------------------------------------------
TAN 82.79 -1.54 85.72 -275.9% ------- BLUE .056 .123 .179
---------------------------------------------------------------------------------------------
UUP 29.37 .26 29.13 60.1% Bullish BLUE .235 .015 .25
---------------------------------------------------------------------------------------------
CORN 26.43 -.44 26.77 52.2% Bullish RED .323 -.08 .243
---------------------------------------------------------------------------------------------
WEAT 8.16 -.38 8.36 71.4% Bullish RED .199 -.223 -.024
---------------------------------------------------------------------------------------------
YINN 64.54 -2.29 70.42 -558.5% Bearish BLUE .007 -.296 -.289
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
9/1/22
Bullish = 6
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .815 .736 .763 .842 .842 .894
GREEN .631 .684 .684 .684 .789 .842
SOLAR .625 .687 .687 .75 .75 .812
BIGBANKS .571 .714 .714 .714 .714 1
REGBANKS .52 .48 .56 .52 .68 .76
OILGAS .509 .622 .603 .811 .726 .792
===========================================================================================
COAL .5 .666 .666 .833 .833 .833
COMPUTER .5 .5 .55 .6 .6 .75
===========================================================================================
BIOTECH .493 .493 .473 .526 .564 .661
SOFTWARE .464 .5 .482 .553 .5 .607
DJI-13 .461 .307 .384 .384 .538 .692
NIFTY .456 .434 .478 .543 .565 .782
INFRA .454 .484 .515 .757 .727 .848
AUTO .452 .509 .584 .603 .66 .83
SP500 .452 .44 .484 .535 .589 .79
CHEM .434 .521 .478 .543 .565 .717
SP-100 .433 .411 .444 .477 .544 .788
FIDSTKS .431 .426 .449 .508 .556 .757
MILITARY .423 .461 .5 .615 .653 .769
NASD-100 .412 .381 .391 .463 .505 .721
FINANCE .39 .414 .5 .487 .573 .768
RETAIL .382 .446 .51 .51 .574 .765
HACKERS .375 .375 .5 .437 .5 .562
TRANSP .368 .368 .473 .526 .578 .789
DOWJONES .366 .3 .366 .366 .466 .733
BEVERAGE .357 .357 .357 .428 .5 .642
HIGHPRIC .347 .378 .425 .535 .601 .8
INDMATER .347 .402 .416 .5 .5 .694
RUS-1000 .331 .356 .394 .443 .481 .587
ELECTRON .315 .39 .443 .503 .563 .699
LOWPRICE .309 .349 .351 .391 .38 .436
MARIJUAN .3 .7 .5 .7 .7 .7
INDEXES .297 .345 .416 .594 .664 .762
GAMING .263 .315 .315 .473 .526 .631
REIT .261 .323 .392 .523 .569 .692
SEMI .252 .305 .357 .431 .484 .705
HOSPITAL .25 .25 .25 .375 .375 .437
CHINA .24 .3 .24 .34 .36 .38
INSURANC .24 .24 .32 .36 .44 .72
GUNS .23 .23 .384 .384 .384 .461
HOMEBLDG .222 .222 .277 .444 .5 .944
ETFS .2 .254 .254 .29 .327 .563
FOOD .183 .265 .346 .489 .408 .367
EDU .166 .166 .166 0 .333 .333
COMODITY .153 .256 .333 .487 .41 .358
JETS .153 .153 .23 .23 .23 .615
COPPER .125 .125 .125 .25 .375 .375
BONDFUND .045 .114 .137 .149 .218 .379
GOLD .043 .043 .043 .108 .108 .239
|
===================================================================================
Thursday: September 1: 6:03 AM (PCT) Futures: DJI -70 NASDAQ -40 Data Used for 8/30/2022
It can't be
good that we are seeing another down opening even though the market usually rallies
as we go into Labor Day weekend.
But the technicals, besides being oversold by normal standards
remain quite bearish. The Sell S4
signal is calling for more new lows. And the Closing Power sell-offs
with all the red candle-sticks in our
major charts below still call for more weakness. With only
30% of the DJI-30 stocks still above the
support of their key 65-dma, I would think that 30,000
will have to be tested. The
simplest indicators to watch are the breadth indicators. The A/D Line
is a steady downtrend and there are many
more new lows than new highs. We keep waiting for
a rally to go short the ETFs.
Shorting some of the many bearish MINCPS will have to do in the meantime.
Avoid the long side as much as possible.
We still have not seen a panic in the DJI or SPY. They need
to catch up with the weakness most stocks
now show. And notice that the OBV Line for SP-500
is already making 12-month lows. |
Aug 31
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80831.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities: CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged
Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors LABD -
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-31/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-31/BEARISH.htm |
 |
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 |
Table 1 Breadth Statistics
---------------------------------------
8/31/2022
Last Chg %Chg
DJIA 31510.43 -280.44 -0.88
S&P 500 3955.00 -31.16 -0.78
Nasdaq Composite 11816.20 -66.93 -0.56
NYSE Latest Close Previous Close Week Ago
Issues traded 3,349 3,345 3,397
Advances 1,004 669 2,037
Declines 2,194 2,518 1,193
Unchanged 151 158 167
New highs 11 12 38
New lows 160 146 75
Bearish
Adv. volume* 370,334,164 148,748,723 506,005,698
Decl. volume* 846,629,565 653,894,158 207,638,268
Total volume* 1,233,546,897 811,857,519 723,414,271
Closing Arms (TRIN)† 0.95 1.14 0.60
Block trades* 4,478 3,997 3,938
Adv. volume 1,495,536,330 719,340,782 2,634,914,605
Decl. volume 3,100,829,412 3,096,645,723 924,404,872
Total volume 4,655,182,256 3,846,553,613 3,608,290,233
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,818 4,819 4,907
Advances 1,935 1,318 2,814
Declines 2,558 3,200 1,807
Unchanged 325 301 286
New highs 24 18 54
New lows 227 256 144
Bearish
Closing Arms (TRIN)† 0.81 1.02 0.46
Block trades 29,840 27,490 21,524
Adv. volume 2,354,568,840 1,311,417,378 2,950,663,375
Decl. volume 2,514,996,754 3,246,356,437 875,944,901
Total volume 4,935,417,703 4,614,702,005 3,889,382,861
|
Table 2 QUICKSILVER on ETFS - 8/31/2022
Bullish = 1 CORN
Bearish = 3 GLD, CPER , YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 315.65 -2.39 333.15 -218.6% Bearish RED -.07 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11816.2 -66.94 12639.27 -251.7% Bearish RED -.006 .034 .028
---------------------------------------------------------------------------------------------
SPY 395.18 -3.03 419.51 -226.7% Bearish RED -.072 .02 -.052
---------------------------------------------------------------------------------------------
QQQ 299.27 -1.75 320.58 -254.1% Bearish RED -.064 .031 -.033
---------------------------------------------------------------------------------------------
MDY 444.09 -3.16 470.57 -203.7% Bearish RED -.07 .049 -.021
---------------------------------------------------------------------------------------------
IWM 183.5 -1.12 195.4 -234.8% Bearish RED -.021 .057 .036
---------------------------------------------------------------------------------------------
FAS 70.78 -1.84 82.86 -555.2% ------- RED -.009 .099 .09
---------------------------------------------------------------------------------------------
RETL 8.96 -.52 11.03 -749.2% ------- RED -.163 -.016 -.179
---------------------------------------------------------------------------------------------
SOXL 14.04 -.43 19.32 -1024.6% Bearish RED .01 -.085 -.075
---------------------------------------------------------------------------------------------
TECL 32.33 -.97 41.09 -927.6% Bearish RED -.037 .099 .062
---------------------------------------------------------------------------------------------
IBB 121.46 .32 127.45 -226% ------- RED .048 .052 .1
---------------------------------------------------------------------------------------------
GLD 159.27 -1.24 163.75 -122.7% Bearish RED -.239 -.101 -.34
---------------------------------------------------------------------------------------------
DBO 16.95 -.56 17.75 -322.6% Bullish RED .014 -.157 -.143
---------------------------------------------------------------------------------------------
OIH 239.67 -2.55 255.97 -276.1% Bullish BLUE .083 -.061 .022
---------------------------------------------------------------------------------------------
CPER 21.13 -.24 22.32 -189.5% ------- ---- -.049 -.167 -.216
---------------------------------------------------------------------------------------------
TAN 84.33 .7 87.49 -77.2% Bearish RED .043 .146 .189
---------------------------------------------------------------------------------------------
UUP 29.11 -.02 29.02 6.9% Bullish RED .224 .011 .235
---------------------------------------------------------------------------------------------
CORN 26.87 -.22 26.15 86% Bullish BLUE .384 -.067 .317
---------------------------------------------------------------------------------------------
WEAT 8.54 .11 8.04 131.6% Bullish BLUE .258 -.182 .076
---------------------------------------------------------------------------------------------
YINN 66.83 3.97 72.15 297.1% Bearish RED .044 -.306 -.262
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/31/22
Bullish 9
Bearish 38
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .736 .763 .842 .842 .894 .894
BIGBANKS .714 .714 .714 .714 1 .857
MARIJUAN .7 .5 .7 .7 .7 .7
SOLAR .687 .687 .75 .75 .812 .812
GREEN .684 .684 .684 .789 .842 .789
COAL .666 .666 .833 .833 .833 .833
OILGAS .622 .603 .811 .726 .792 .764
CHEM .521 .478 .565 .543 .717 .63
AUTO .509 .584 .603 .66 .83 .735
-----------------------------------------------------------------------------------------------
COMPUTER .5 .55 .6 .6 .75 .65
SOFTWARE .5 .5 .553 .5 .607 .66
-------------------------------------------------------------------------------------------------
BIOTECH .493 .471 .528 .564 .666 .641
INFRA .484 .515 .757 .727 .848 .818
REGBANKS .48 .56 .52 .68 .76 .68
MILITARY .461 .5 .615 .653 .769 .73
RETAIL .446 .51 .51 .574 .765 .744
SP500 .44 .484 .535 .587 .79 .722
----
NIFTY .434 .478 .521 .565 .782 .695
FIDSTKS .426 .449 .508 .556 .757 .68
FINANCE .414 .5 .487 .56 .768 .609
SP-100 .411 .444 .477 .544 .777 .677
INDMATER .402 .416 .5 .5 .68 .555
ELECTRON .39 .443 .503 .563 .699 .631
NASD-100 .381 .391 .453 .505 .721 .649
-----
HIGHPRIC .378 .425 .535 .601 .8 .738
HACKERS .375 .5 .437 .5 .562 .625
TRANSP .368 .473 .526 .578 .789 .684
BEVERAGE .357 .357 .428 .5 .642 .642
RUS-1000 .356 .397 .443 .483 .579 .549
LOWPRICE .351 .351 .391 .38 .436 .447
INDEXES .345 .416 .594 .664 .756 .702
REIT .323 .384 .53 .576 .684 .638
GAMING .315 .315 .421 .578 .631 .631
DJI-13 .307 .384 .384 .538 .692 .769
SEMI .305 .357 .431 .484 .705 .6
CHINA .3 .24 .34 .36 .36 .22
DOWJONES .3 .366 .366 .466 .7 .666
======
FOOD .265 .346 .489 .408 .326 .387
COMODITY .256 .333 .487 .41 .333 .358
ETFS .254 .254 .29 .327 .545 .345
HOSPITAL .25 .25 .375 .375 .437 .437
INSURANC .24 .32 .36 .44 .72 .68
GUNS .23 .384 .384 .384 .461 .384
HOMEBLDG .222 .277 .444 .5 .888 .777
EDU .166 .166 0 .333 .333 .166
JETS .153 .23 .23 .23 .615 .384
COPPER .125 .125 .25 .375 .375 .25
BONDFUND .114 .137 .149 .218 .39 .31
GOLD .043 .043 .108 .108 .217 .195
|
===================================================================================
Wednesday: August 31: 5:55 AM (PCT) Futures: DJI +36 NASDAQ +82 Data Used for 8/30/2022
| |
The Bullish Seasonality and oversold status
of the DJI may give us a small rally for the
rest of this week. But because the DJI closed below
its 65-dma yesterday (the 30th),
we can not accept the Buy B2 as the operative signal.
At least, that is what yesterday's
Hotline warned in its first line. As you can see
below, all the other key indexes and ETFs
we follow here also are now below their 65-dma. The
Sell S4 warned of this risk. So did
all the bearish head/shoulders patterns, the falling Openng
and Closing Powers and the
historical bearishness of FED tightening, assuming Powell
does not change his mind suddenly,
as he is sometimes prone to do.
With the Buy B2 cancelled, we revert back to our Sell S4.
The Sell S4 can be reversed
by a Buy B2, but not easily. Accordingly, if there is
a rally and the DJI next rises back
above the 65-dma, I would not consider simply
re-instating the Buy B2. I would only look
then for a limited rally back up to the necklines of the
various Head/Shoulders patterns.
And if such a rally fails, we will then go short some of
the bearish MINCPs and weakest
major market ETFs.
There are lots of bearish technicals now. Table 1
below shows many more new lows
than new highs. Bullish MAXCPs are very scarce.
Table 2 shows the major market
ETFs are not considered bullish. And Table 3 shows
only about 38% of the DJI-30
stocks are above their 65-dma. Just 40 percentage of
the NASDAQ-100 are
thus situated. Both the Opening and Closing Powers
are now rated as falling for DIA,
NASDAQ, SPY, QQQ and TECL. One more thing, the Buy B2
is normally a weak
Buy signal. We need much more bullish evidence to
become buyers except for a small
bounce from an over-sold position now. |
|
| |
Aug 30
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80830.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-30/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-30/BEARISH.htm |
|
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 |
Table 1 Breadth Statistics
---------------------------------------
8-30-2022
DJIA 31790.87 -308.12 -0.96%
S&P 500 3986.16 -44.45 -1.10%
Nasdaq 11883.14 -134.53 -1.12%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,345 3,381 3,328
Advances 669 1,087 1,523
Declines 2,518 2,113 1,657
Unchanged 158 181 148
New highs 12 30 29
New lows 146 137 62
Bearish
Adv. volume* 148,748,723 228,691,030 393,143,711
Decl. volume* 653,894,158 471,129,203 337,139,369
Total volume* 811,857,519 708,225,429 748,056,744
Closing Arms (TRIN)† 1.14 0.93 0.68
Block trades* 3,997 3,753 3,911
Adv. volume 719,340,782 1,211,498,124 2,164,426,206
Decl. volume 3,096,645,723 2,197,923,120 1,609,938,961
Total volume 3,846,553,613 3,452,415,984 3,867,349,913
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,819 4,839 4,793
Advances 1,318 1,412 2,307
Declines 3,200 3,104 2,233
Unchanged 301 323 253
New highs 18 24 65
New lows 256 227 174
Bearish
Closing Arms (TRIN)† 1.02 0.64 0.87
Block trades 27,490 25,515 21,350
Adv. volume 1,311,417,378 1,729,788,417 2,044,854,339
Decl. volume 3,246,356,437 2,436,204,742 1,712,587,600
Total volume 4,614,702,005 4,202,234,925 3,818,747,115
|
Table 2 QUICKSILVER on ETFS - 8/30/2022
Bullish = 1 UUP
Bearish = 3 GLD, CPER , YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 318.04 -3.06 329.86 -169.1% Bearish RED -.104 0 -.104
---------------------------------------------------------------------------------------------
COMPQX 11883.14 -134.53 12431.53 -202.1% Bearish RED .026 .036 .062
---------------------------------------------------------------------------------------------
SPY 398.21 -4.42 413.67 -172.1% Bearish RED -.044 .024 -.02
---------------------------------------------------------------------------------------------
QQQ 301.02 -3.39 315.01 -209.4% Bearish RED -.028 .031 .003
---------------------------------------------------------------------------------------------
MDY 447.25 -6.15 462.75 -143% Bearish RED -.071 .04 -.031
---------------------------------------------------------------------------------------------
IWM 184.62 -2.62 192.41 -165.7% ------- RED .014 .053 .067
---------------------------------------------------------------------------------------------
FAS 72.62 -.99 79.3 -352.7% Bullish RED 0 .168 .168
---------------------------------------------------------------------------------------------
RETL 9.48 -.3 10.48 -615.4% ------- RED -.135 .056 -.079
---------------------------------------------------------------------------------------------
SOXL 14.47 -.58 17.41 -840.3% Bearish RED .025 -.008 .017
---------------------------------------------------------------------------------------------
TECL 33.3 -1.12 39.15 -760.9% Bearish RED .013 .19 .203
---------------------------------------------------------------------------------------------
IBB 121.14 -.96 127.07 -169.2% ------- RED .073 .041 .114
---------------------------------------------------------------------------------------------
GLD 160.51 -1.35 163.25 -69.5% Bearish RED -.234 -.128 -.362
---------------------------------------------------------------------------------------------
DBO 17.51 -.68 18.1 -83.9% Bullish RED .021 -.151 -.13
---------------------------------------------------------------------------------------------
OIH 242.22 -11.88 253.54 -117.1% Bullish RED .071 -.035 .036
---------------------------------------------------------------------------------------------
CPER 21.37 -.3 21.96 -199.3% ------- RED -.091 -.188 -.279
---------------------------------------------------------------------------------------------
TAN 83.63 -1.08 85.65 -17% ------- RED .064 .128 .192
---------------------------------------------------------------------------------------------
UUP 29.13 -.01 29.07 13.8% Bullish BLUE .279 -.022 .257
---------------------------------------------------------------------------------------------
CORN 27.09 -.17 26.41 131.6% Bullish BLUE .332 -.126 .206
---------------------------------------------------------------------------------------------
WEAT 8.43 -.22 8.32 108.1% Bullish RED .22 -.269 -.049
---------------------------------------------------------------------------------------------
YINN 62.86 -5.52 62.83 58.8% ------- RED .077 -.328 -.251
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/30/22
Bullish = 11
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .763 .842 .842 .894 .894 .868
BIGBANKS .714 .714 .714 1 .857 .857
SOLAR .687 .75 .75 .812 .812 .75
GREEN .684 .684 .789 .842 .789 .736
COAL .666 .833 .833 .833 .833 .833
OILGAS .603 .811 .726 .792 .764 .707
AUTO .584 .603 .66 .83 .735 .716
REGBANKS .56 .52 .68 .76 .68 .68
COMPUTER .55 .6 .6 .75 .65 .65
INFRA .515 .757 .727 .848 .818 .787
RETAIL .51 .51 .574 .765 .744 .808
=============================================================================================
FINANCE .5 .487 .56 .756 .609 .646
HACKERS .5 .437 .5 .562 .625 .562
MARIJUAN .5 .7 .7 .7 .7 .2
MILITARY .5 .615 .653 .769 .73 .73
SOFTWARE .5 .571 .5 .607 .66 .625
============================================================================================
SP500 .484 .535 .587 .788 .726 .688
====
CHEM .478 .565 .565 .695 .652 .608
NIFTY .478 .521 .543 .782 .695 .673
TRANSP .473 .526 .578 .789 .736 .578
BIOTECH .471 .526 .567 .666 .641 .597
FIDSTKS .449 .508 .556 .757 .686 .65
SP-100 .444 .477 .544 .777 .688 .644
ELECTRON .443 .503 .563 .699 .624 .601
HIGHPRIC .425 .535 .601 .8 .742 .683
INDEXES .421 .594 .664 .756 .697 .691
INDMATER .416 .5 .5 .68 .541 .458
RUS-1000 .397 .445 .483 .582 .549 .529
NASD-100 .391 .453 .494 .721 .649 .618
=====
DJI-13 .384 .384 .538 .692 .769 .692
GUNS .384 .384 .384 .461 .384 .461
REIT .384 .523 .584 .692 .63 .623
DOWJONES .366 .366 .466 .7 .666 .6
=====
BEVERAGE .357 .428 .5 .642 .642 .714
SEMI .357 .431 .484 .705 .589 .578
LOWPRICE .354 .391 .38 .436 .447 .391
FOOD .346 .489 .408 .326 .387 .326
COMODITY .333 .487 .41 .333 .358 .307
INSURANC .32 .36 .44 .72 .68 .64
GAMING .315 .421 .526 .684 .631 .578
HOMEBLDG .277 .444 .5 .888 .777 .611
ETFS .254 .29 .327 .545 .345 .363
HOSPITAL .25 .375 .375 .437 .437 .437
CHINA .24 .34 .36 .36 .22 .24
JETS .23 .23 .23 .615 .384 .307
EDU .166 0 .333 .333 .333 .333
BONDFUND .137 .149 .218 .39 .333 .367
COPPER .125 .25 .375 .375 .25 .25
GOLD .043 .108 .108 .217 .195 .108
|
====================================================================================
Tuesday: August 30: 5:30 AM (PCT) Futures: DJI +177 NASDAQ +100 Data Used for 8/29/2022
| |
Buy B2 Should Bring
Small 4% Rally as long as 65-dma is not closed below by DJI.
A Buy B2 appeared on our Peerless
chart of the DJI today. It would not have
appeared if the DJI had closed
below its 65-dma. The DJI fell at the close to
the double-support of the 65-dma
and the lower 3.5%. Working against the
success of the Buy B2 is the
downward momentum since Powell threatened high
interest rates until we see 2%
Inflation again and the bearish head/shoulders
patterns in DIA, NASDAQ, SPY, QQQ
and TECL. Powell says a lot of things.
What he actually does
will be much more important. Note that there will not be another
FOMC meeting for three weeks.
If Powell were really earnest about fighting
inflation, why did he not get the
FOMC to raise rates in August?
I did a study 15 years ago of two
hundred head and shoulders patterns. One of
the surprises for me was that the
65-dma was more likely to provide successful
support than not when head and
shoulders pattern declines came down to the
65-dma. On the other hand,
the new Sell S4 tends to bring breakdowns of
the 65-dma. So, we will just
have to wait and see if the 65-dma supports hold
up for the charts below. Only
SOXL (semi-conductors) among the EFTFs we
watch closest has violated the
65-dma on this decline.
Seasonality is bullish for the next
week as we go into Labor Day weekend.
In the second years of the
four-year Presidential Election cycle, the DJI rises
64.3% of the time since 1966 to
2020 in the five trading days after August 29th.
Its average gain is 1.1%.
However, a month from now, the DJI is up only
42.9% of the time and the DJI falls
1.2% on average. The seasonality calls
into question, as does the
H/S neckline resistance not far overhead, whether there
is enough time for us to get
a good rally from our Buy B2.
Historically, the answer
appears to be that there is sufficient time before September's
typical bearishness comes
into play. Late-in-August Buy B2 have all been profitable
when finally reversed by a
Peerless Sell. The past Buys B2s in late August show
a median gain of 4.4% with
only one of the five cases showing any paper loss.
Late August Buy B2s: 1929-Present
Gain Biggest Paper Loss
8/291938
4.4%
0
8/23/1973
4.0%
0
8/26/1976
4.8%
0
8/27/2010
26.2% 0
8/26/2013
1.6% 1.13%
|
|
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Aug 29
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80829.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-29/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-29/BEARISH.htm |
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Table 1 Breadth Statistics
---------------------------------------
8-29-2022
DJIA 32098.99 -184.41 -0.57%
S&P 500 4030.61 -27.05 -0.67%
Nasdaq 12017.67 -124.04 -1.02%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,381 3,364 3,327
Advances 1,087 429 550
Declines 2,113 2,750 2,650
Unchanged 181 185 127
New highs 30 28 20
New lows 137 97 88
Bearish
Adv. volume* 228,691,030 54,705,277 118,709,294
Decl. volume* 471,129,203 737,687,661 706,993,820
Total volume* 708,225,429 795,074,490 835,041,829
Closing Arms (TRIN)† 0.93 1.48 0.97
Block trades* 3,753 3,962 4,277
Adv. volume 1,211,498,124 363,730,223 683,977,053
Decl. volume 2,197,923,120 3,461,342,328 3,212,919,717
Total volume 3,452,415,984 3,849,184,279 3,940,951,617
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,839 4,851 4,798
Advances 1,412 807 1,013
Declines 3,104 3,744 3,516
Unchanged 323 300 269
New highs 24 37 42
New lows 227 172 195
Bearish
Closing Arms (TRIN)† 0.64 1.01 1.01
Block trades 25,515 25,123 24,734
Adv. volume 1,729,788,417 796,751,531 936,658,080
Decl. volume 2,436,204,742 3,730,433,337 3,272,838,996
Total volume 4,202,234,925 4,543,505,642 4,270,841,585
|
Table 2 QUICKSILVER on ETFS - 8/29/2022
Bullish = 3 TECL, TAN , UUP
TECL is highest at .292
Bearish = 2 GLD, CPER
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 321.1 -1.83 329.11 -146.7% ------- BLUE -.081 0 ------
---------------------------------------------------------------------------------------------
COMPQX 12017.67 -124.04 12381.3 -146.8% ------- RED .036 .058 .094
---------------------------------------------------------------------------------------------
SPY 402.63 -2.68 412.35 -129.8% Bullish BLUE -.017 .027 .01
---------------------------------------------------------------------------------------------
QQQ 304.41 -3.03 314.1 -158.3% ------- RED -.014 .051 .037
---------------------------------------------------------------------------------------------
MDY 453.4 -3 460.43 -76.2% Bullish BLUE 0 .056 .056
---------------------------------------------------------------------------------------------
IWM 187.24 -1.74 190.95 -88.7% Bullish BLUE .068 .072 .14
---------------------------------------------------------------------------------------------
FAS 73.61 -1.65 78.11 -336.5% Bullish RED .021 .186 .207
---------------------------------------------------------------------------------------------
RETL 9.78 -.17 10.76 -485.6% Bullish BLUE -.089 .147 .058
---------------------------------------------------------------------------------------------
SOXL 15.05 -.93 17.33 -571.3% ------- RED .06 .038 .098
---------------------------------------------------------------------------------------------
TECL 34.42 -1.43 39.07 -641.2% ------- RED .034 .258 .292
---------------------------------------------------------------------------------------------
IBB 122.1 -.85 125.37 -139.6% ------- BLUE .056 .083 .139
---------------------------------------------------------------------------------------------
GLD 161.86 .1 162.77 6.8% Bearish ---- -.19 -.133 -.323
---------------------------------------------------------------------------------------------
DBO 18.19 .61 17.81 245.6% Bullish BLUE .056 -.165 -.109
---------------------------------------------------------------------------------------------
OIH 254.1 4.26 248.13 359.2% Bullish BLUE .122 -.036 .086
---------------------------------------------------------------------------------------------
CPER 21.67 -.52 22.25 -83.5% ------- RED -.067 -.198 -.265
---------------------------------------------------------------------------------------------
TAN 84.71 -1.01 83.92 81% ------- BLUE .057 .209 .266
---------------------------------------------------------------------------------------------
UUP 29.14 .01 29.05 -5.2% Bullish ---- .284 -.018 .266
---------------------------------------------------------------------------------------------
CORN 27.26 .49 26.39 350.8% Bullish BLUE .345 -.134 .211
---------------------------------------------------------------------------------------------
WEAT 8.65 .29 8.25 334.8% Bullish BLUE .293 -.289 .004
---------------------------------------------------------------------------------------------
YINN 68.38 -2.04 62.07 464% ------- RED .13 -.229 -.099
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/29/22
Bullish = 24
Bearish = 24
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .842 .842 .894 .894 .868 .894
COAL .833 .833 .833 .833 .833 .833
OILGAS .811 .726 .792 .764 .707 .584
INFRA .757 .727 .848 .818 .787 .636
SOLAR .75 .75 .812 .812 .75 .75
BIGBANKS .714 .714 1 .857 .857 .857
MARIJUAN .7 .7 .7 .7 .2 .1
GREEN .684 .789 .842 .789 .736 .736
MILITARY .615 .653 .769 .73 .73 .692
AUTO .603 .66 .83 .735 .716 .66
COMPUTER .6 .6 .75 .65 .65 .65
INDEXES .594 .664 .756 .697 .686 .681
SOFTWARE .571 .517 .607 .66 .625 .625
CHEM .565 .565 .717 .63 .63 .521
HIGHPRIC .535 .601 .8 .742 .683 .71
SP500 .535 .587 .788 .724 .69 .69
BIOTECH .526 .564 .669 .641 .597 .578
TRANSP .526 .578 .789 .736 .578 .526
REIT .523 .576 .7 .638 .607 .646
NIFTY .521 .543 .76 .695 .673 .673
REGBANKS .52 .68 .76 .68 .68 .68
RETAIL .51 .574 .765 .744 .808 .765
FIDSTKS .508 .556 .757 .686 .65 .674
ELECTRON .503 .563 .699 .624 .593 .586
================================================================================================
INDMATER .5 .5 .68 .541 .458 .416
===============================================================================================
FOOD .489 .408 .326 .387 .326 .265
COMODITY .487 .41 .333 .358 .307 .256
FINANCE .487 .56 .756 .597 .646 .67
SP-100 .477 .544 .777 .688 .644 .666
NASD-100 .453 .494 .711 .649 .618 .628
RUS-1000 .445 .486 .582 .551 .526 .506
HOMEBLDG .444 .5 .888 .777 .611 .666
HACKERS .437 .5 .562 .625 .562 .562
SEMI .431 .484 .705 .589 .568 .536
BEVERAGE .428 .5 .642 .642 .642 .642
GAMING .421 .526 .631 .684 .578 .526
LOWPRICE .394 .38 .436 .447 .391 .357
DJI-13 .384 .538 .692 .769 .692 .769
GUNS .384 .384 .461 .384 .461 .461
HOSPITAL .375 .375 .437 .437 .437 .437
DOWJONES .366 .466 .7 .666 .6 .7
INSURANC .36 .44 .72 .68 .64 .72
CHINA .34 .36 .36 .22 .24 .26
ETFS .29 .327 .545 .345 .363 .29
COPPER .25 .375 .375 .25 .25 .125
JETS .23 .23 .615 .384 .307 .307
BONDFUND .149 .218 .39 .333 .413 .298
GOLD .108 .108 .217 .195 .108 .086
EDU 0 .333 .333 .333 .333 .166
|
=============================================================================
Monday: August 29: 3:00 AM (PCT) Futures: DJI -275 NASDAQ -165 Data Used for 8/26/2022
| |
No Buy B2 yet, as explained below. But if
the DJI can close above 32100,
on Monday we will probably get a Buy B2. Keep in mind that
the Sell S4 variant we
are operating under usually brings a DJI drop below its 65-dma,
which is now at
32090. The many head/shoulders patterns tell us that market
professionals
have had to suddenly price in very bearish news. That is
also the message of
the 1000 DJI sell-off after the opening on Friday. That was
a very big drop
in our Closing Powers. We do not need to look far and wide
to get an explanation.
Economists are known for being two-handedly cautious in making
predictions.
On the one hand, they tend to see positive signs for the economy
and, on the
other hand, there are some negative signs. That's the way
they usually talk.
Ordinarily, this is the way FED Chairman Powell talks.
On Friday, Powell gave only half of his expected speech. He
discussed the
inflationary negatives and what the FED must do, which is a lot,
to bring
inflation under control. But then he suddenly
stopped. There was no
hope offered for a "soft landing" Not
surprisingly, Wall Steet took notice of
the new "hawkish" Powell, where interest rates will
stay high until Inflation falls
back to 2%. That may take twenty years! This was a
scary speech. Apparently,
the fresh Wyoming air changed his mood and perspective. We
need to see if
he talks the same way back on the East coast. And more
important, what
actions will he really take. Interestingly, Larry Summers,
Obama's chief
economic advisor gave Powell praise for finally becoming a
"hawk" while
Biden's Treasury Secretary" was silent.
The head and shoulders patterns that formed late last week shows
that traders
knew there was the potential for a big decline. But a
thousand points! That is
scary. The Peerless Sell S4 told us that the DJI ought to
fall at least to its
65-dma. Or even lower. A new Buy B2 appeared on
Friday's close. But
the Buy B2 was meant to a much smaller one-day tagging of the the
lower
3.5% band. When I wrote the code, I never allowed for a 3%
one-day
decline and a close only 2.7% below the 21-day ma as being enough
to
produce a reliable Buy B2.
This weekend I went back over all the past one-day 3% declines
down to a
close between 2% and 3% below the 21-day ma. A majority
(5/8) go down
much more, two were one day from the bottom but only one produced
a very good trade, but that was in August 1929, three weeks from
the DJI's
peak just before the Crash of 1929. Here they
are:
+ 8/9/29 - The DJI did rise until 9/3 here.
The FED was accomodative.
but brought on the Crash/Depression when it finally did raise rates.
- 6/17/32 - Final bear market low was a week
away.
- 9/26/32 - DJI declined much more.
- 8/29/38 - DJI declined much more.
+ 10/9/90 - One day away from DJI bottom.
- 9/22/2008 - DJI declined much more
- 11/6/2008 - DJI declined much more
+ 6/24/2016 - One day away from DJI bottom
If we add in the extra bearishness of the numerous
head/shoulders tops,
then I think we must conclude that we should not be
buyers yet and
the Buy B2 should not be allowed.
I will post the updated Peerless program that shows
the revised Sell S4
and does not allow the Buy B2 on our Tiger Elite Page
early Monday
morning.
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Aug. 26
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80826.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-26/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-26/BEARISH.htm |
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Table 1 Breadth Statistics
---------------------------------------
8-26-2022
Last Chg %Chg
DJIA 32283.40 -1008.38 -3.03
S&P 500 4057.66 -141.46 -3.37
Nasdaq Composite 12141.71 -497.56 -3.94
NYSE Latest Close Previous Close Week Ago
Issues traded 3,364 3,397 3,318
Advances 429 2,548 467
Declines 2,750 663 2,714
Unchanged 185 186 137
New highs 28 43 26
New lows 97 34 57
Bearish
Adv. volume* 54,705,277 621,395,133 129,345,359
Decl. volume* 737,687,661 94,233,192 735,146,805
Total volume* 795,074,490 723,716,291 874,180,708
Closing Arms (TRIN)† 1.48 0.69 0.89
Bearish
Block trades* 3,962 3,926 4,785
Adv. volume 363,730,223 2,996,214,054 601,748,210
Decl. volume 3,461,342,328 534,929,523 3,128,870,998
Total volume 3,849,184,279 3,573,440,396 3,770,768,728
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,851 4,903 4,762
Advances 807 3,111 987
Declines 3,744 1,499 3,542
Unchanged 300 293 233
New highs 37 53 46
New lows 172 99 109
Bearish
Closing Arms (TRIN)† 1.01 0.74 1.24
Block trades 25,123 27,938 28,781
Adv. volume 796,751,531 3,127,993,378 838,451,308
Decl. volume 3,730,433,337 1,108,149,981 3,728,895,732
Total volume 4,543,505,642 4,264,125,531 4,598,836,075
|
Table 2 QUICKSILVER on ETFS - 8/26/2022
Bullish = 2 TECL, TAN
TAN is highest at .31
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 322.93 -10.22 330.76 -212.5% ------- RED -.031 0 -----
---------------------------------------------------------------------------------------------
COMPQX 12141.71 -497.56 12381.57 -225.3% ------- RED .09 .043 .133
---------------------------------------------------------------------------------------------
SPY 405.31 -14.2 413.35 -202.2% ------- RED .042 .018 .06
---------------------------------------------------------------------------------------------
QQQ 307.44 -13.14 314.36 -242.9% ------- RED .049 .036 .085
---------------------------------------------------------------------------------------------
MDY 456.4 -14.17 460.44 -151.2% Bullish RED .057 .029 .086
---------------------------------------------------------------------------------------------
IWM 188.98 -6.42 190.64 -147% ------- RED .117 .049 .166
---------------------------------------------------------------------------------------------
FAS 75.26 -7.6 78.92 -574.6% Bullish RED .08 .132 .212
---------------------------------------------------------------------------------------------
RETL 9.95 -1.08 10.81 -895.5% ------- RED -.059 .004 -.055
---------------------------------------------------------------------------------------------
SOXL 15.98 -3.34 17.04 -883.5% ------- RED .14 -.089 .051
---------------------------------------------------------------------------------------------
TECL 35.85 -5.24 39.41 -884.9% ------- RED .104 .167 .271
---------------------------------------------------------------------------------------------
IBB 122.95 -4.5 125.61 -185.6% Bullish RED .089 .08 .169
---------------------------------------------------------------------------------------------
GLD 161.76 -1.99 161.64 -29.5% Bearish RED -.143 -.104 -.247
---------------------------------------------------------------------------------------------
DBO 17.58 -.17 17.32 113.4% Bullish BLUE -.002 -.169 -.171
---------------------------------------------------------------------------------------------
OIH 249.84 -6.13 236.23 247.5% Bullish RED .148 -.09 .058
---------------------------------------------------------------------------------------------
CPER 22.19 -.13 22.04 20.3% ------- RED .082 -.172 -.09
---------------------------------------------------------------------------------------------
TAN 85.72 -1.77 83.33 52.9% ------- RED .14 .17 .31
---------------------------------------------------------------------------------------------
UUP 29.13 .11 29.17 34.4% Bullish BLUE .201 -.009 .192
---------------------------------------------------------------------------------------------
CORN 26.77 .62 25.42 322.5% Bullish BLUE .169 -.117 .052
---------------------------------------------------------------------------------------------
WEAT 8.36 .32 8.1 283.2% ------- BLUE .14 -.276 -.136
---------------------------------------------------------------------------------------------
YINN 70.42 -1.73 62.26 736% ------- RED .193 -.283 -.09
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/26/22
Bullish = 27
Bearish = 16
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .842 .894 .894 .868 .868 .868
COAL .833 .833 .833 .833 .833 .833
GREEN .789 .842 .789 .736 .736 .789
SOLAR .75 .812 .812 .75 .75 .875
INFRA .727 .848 .818 .787 .636 .696
OILGAS .726 .792 .764 .707 .584 .594
BIGBANKS .714 1 .857 .857 .857 1
MARIJUAN .7 .7 .7 .2 .1 .3
REGBANKS .68 .76 .68 .68 .68 .92
INDEXES .664 .756 .697 .686 .686 .708
AUTO .66 .83 .735 .716 .679 .83
MILITARY .653 .769 .73 .73 .653 .807
HIGHPRIC .601 .8 .742 .683 .71 .839
COMPUTER .6 .75 .65 .65 .65 .75
SP500 .587 .788 .724 .688 .686 .814
=====
TRANSP .578 .789 .736 .578 .526 .736
REIT .576 .692 .646 .615 .638 .746
RETAIL .574 .765 .744 .808 .787 .872
CHEM .565 .717 .652 .608 .543 .652
BIOTECH .564 .666 .644 .597 .573 .639
ELECTRON .563 .699 .624 .593 .578 .744
FINANCE .56 .756 .597 .634 .67 .756
FIDSTKS .556 .757 .686 .65 .656 .792
SP-100 .544 .777 .688 .644 .644 .833
NIFTY .543 .76 .673 .673 .673 .782
DJI-13 .538 .692 .769 .692 .769 .923
GAMING .526 .631 .631 .631 .526 .736
SOFTWARE .517 .625 .66 .625 .625 .625
============================================================================================
BEVERAGE .5 .642 .642 .642 .642 .642
HACKERS .5 .562 .625 .562 .562 .625
HOMEBLDG .5 .888 .777 .611 .666 .777
INDMATER .5 .68 .541 .458 .416 .486
============================================================================================
NASD-100 .494 .711 .639 .618 .618 .783
=====
RUS-1000 .486 .584 .551 .529 .511 .597
SEMI .484 .705 .589 .568 .526 .768
DOWJONES .466 .7 .666 .6 .7 .833
=====
INSURANC .44 .72 .68 .64 .72 .76
COMODITY .41 .333 .358 .307 .256 .282
FOOD .408 .326 .387 .326 .265 .265
GUNS .384 .461 .384 .461 .461 .615
LOWPRICE .383 .436 .447 .391 .359 .402
COPPER .375 .375 .25 .25 .125 .125
HOSPITAL .375 .437 .437 .437 .437 .5
CHINA .36 .36 .22 .24 .26 .28
EDU .333 .333 .333 .333 .333 .333
ETFS .327 .545 .345 .363 .309 .418
JETS .23 .615 .384 .307 .307 .461
BONDFUND .218 .39 .333 .413 .333 .574
GOLD .108 .217 .195 .108 .086 .086
|
====================================================================================
Friday: August 26: 5:45 AM (PCT) Futures: DJI -40 NASDAQ -40 Data Used for 8/25/2022
| |
At 10:00 AM EST today, Fed Chairman Powell will
tell us he is determined to
bring down Inflation by raising interest rates and that the
battle will probably hurt the
economy and the stock market, but that the FED will do what it
takes to achieve a
"soft landing". I doubt if he will tell us how
big a rate hike is coming in September.
Any variation from this formulized expectation will likely be
what will move the market.
If there are no dramatic or new announcements in his speech, the
market will probably
rise, simply out of relief.
Technically, the last two trading days have seen excellent
breadth and some strength
after the opening as the DJI bounced up off its 21-day ma
support. Now we see
the results of the rally. Lots of short-term red optimized
Buys, especially in semi-
conductor stocks. But also miniature head and shoulders
patterns in the making
for SPY, QQQ, NASDAQ (COMPQX) and TECL. A decline from here
would
be bearish, but a rally back above the apexes of these patterns'
right shoulders
would be bullish.
Compounding the stalemate now is our newest variety of Peerless
Sell S4 which has
always brought a decline to the DJI's 65-dma at a minimum
and the bearish
seasonality of the DJI over the next five trading days
since 1966 in the
second years after a Presidential Election. The DJI
in these years, 1966, 1970,
1974... falls 1.1% on average and is up only 35.7% of the
time over the next
five trading days. That could mean a break in the
necklines of the H/S
patterns for SPY and QQQ.
As I showed yesterday, we have to be very careful with a
new Sell S4 on
our DJI chart from April to November. But the FED is
capable of boosting
the market if it wants to. To track the FED we watch
the breadth of the
market and the Closing Power. So, go long SOXL or
LRCX if Friday brings a
big jump for the day at the close and stay long while their
Closing Powers
are rising.
|
|
| |
Aug. 25
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80825.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/8-25/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-25/BEARISH.htm |
|
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Table 1 Breadth Statistics
---------------------------------------
8-25-2022
DJIA 33291.78 322.55 0.98
S&P 500 4199.12 58.35 1.41
Nasdaq Composite 12639.27 207
NYSE Latest Close Previous Close Week Ago
Issues traded 3,397 3,397 3,318
Advances 2,548 2,037 1,816
Declines 663 1,193 1,315
Unchanged 186 167 187
New highs 43 38 55
New lows 34 75 30
Adv. volume* 621,395,133 506,005,698 377,169,151
Decl. volume* 94,233,192 207,638,268 283,108,535
Total volume* 723,716,291 723,414,271 672,935,064
Closing Arms (TRIN)† 0.69 0.60 1.19
Block trades* 3,926 3,938 3,869
Adv. volume 2,996,214,054 2,634,914,605 1,749,884,995
Decl. volume 534,929,523 924,404,872 1,509,793,625
Total volume 3,573,440,396 3,608,290,233 3,342,907,442
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,903 4,907 4,772
Advances 3,111 2,814 2,448
Declines 1,499 1,807 2,070
Unchanged 293 286 254
New highs 53 54 79
New lows 99 144 72
Bearish
Closing Arms (TRIN)† 0.74 0.46 0.89
Block trades 27,938 21,524 30,251
Adv. volume 3,127,993,378 2,950,663,375 2,622,144,497
Decl. volume 1,108,149,981 875,944,901 1,962,528,931
Total volume 4,264,125,531 3,889,382,861 4,621,130,293
|
Table 2 QUICKSILVER on ETFS - 8/25/2022
Bullish = 6 IWM, FAS, SOXL, TECL, IBB, TAN
TECL is highest at .635
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 333.15 3.29 337.04 -111.4% Bullish BLUE .076 0 -----
---------------------------------------------------------------------------------------------
COMPQX 12639.27 207.74 12705.22 -129.7% Bullish BLUE .173 .072 .245
---------------------------------------------------------------------------------------------
SPY 419.51 5.84 422.14 -100.3% Bullish BLUE .167 .027 .194
---------------------------------------------------------------------------------------------
QQQ 320.58 5.57 322.86 -136.3% Bullish BLUE .166 .067 .233
---------------------------------------------------------------------------------------------
MDY 470.57 7.82 470.46 -84.4% Bullish BLUE .143 .032 .175
---------------------------------------------------------------------------------------------
IWM 195.4 2.99 194.65 -90.9% Bullish BLUE .218 .059 .277
---------------------------------------------------------------------------------------------
FAS 82.86 3.56 84.54 -429.7% Bullish BLUE .201 .251 .452
---------------------------------------------------------------------------------------------
RETL 11.03 .55 11.92 -940.5% Bullish BLUE .018 .145 .163
---------------------------------------------------------------------------------------------
SOXL 19.32 1.91 19.17 -427.4% Bullish BLUE .258 .131 .389
---------------------------------------------------------------------------------------------
TECL 41.09 1.94 42.99 -532.5% Bullish BLUE .246 .389 .635
---------------------------------------------------------------------------------------------
IBB 127.45 .38 127.65 -57.9% Bullish RED .159 .105 .264
---------------------------------------------------------------------------------------------
GLD 163.75 .5 162.72 -5.2% Bearish RED -.051 -.123 -.174
---------------------------------------------------------------------------------------------
DBO 17.75 -.35 17.18 151.2% Bullish RED -.029 -.218 -.247
---------------------------------------------------------------------------------------------
OIH 255.97 2.43 237.65 304.5% Bullish BLUE .182 -.13 .052
---------------------------------------------------------------------------------------------
CPER 22.32 .36 22.1 65.7% Bullish BLUE .148 -.204 -.056
---------------------------------------------------------------------------------------------
TAN 87.49 1.84 84.82 -10.6% ------- BLUE .178 .189 .367
---------------------------------------------------------------------------------------------
UUP 29.02 -.05 28.93 46.6% Bullish ---- .155 -.064 .091
---------------------------------------------------------------------------------------------
CORN 26.15 -.26 25.1 241.8% Bullish RED .107 -.178 -.071
---------------------------------------------------------------------------------------------
WEAT 8.04 -.28 7.9 217.3% Bearish RED .123 -.348 -.225
---------------------------------------------------------------------------------------------
YINN 72.15 9.32 60.99 815.7% Bullish BLUE .283 -.26 .023
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/25/22
Bullish = 39
Bearish = 10
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 .857 .857 .857 1 1
UTILITY .894 .894 .868 .868 .868 .894
HOMEBLDG .888 .777 .611 .666 .777 1
INFRA .848 .818 .787 .636 .696 .757
GREEN .842 .789 .736 .736 .789 .894
COAL .833 .833 .833 .833 .833 .833
AUTO .83 .735 .716 .679 .83 .867
SOLAR .812 .812 .75 .75 .875 .875
HIGHPRIC .8 .742 .683 .71 .839 .878
OILGAS .792 .764 .707 .584 .603 .613
TRANSP .789 .736 .578 .526 .684 .842
SP500 .788 .724 .688 .684 .814 .853
-----
SP-100 .777 .688 .644 .644 .822 .811
MILITARY .769 .73 .73 .653 .807 .846
RETAIL .765 .744 .808 .787 .872 .936
NIFTY .76 .673 .652 .673 .782 .804
REGBANKS .76 .68 .68 .68 .92 1
FIDSTKS .757 .686 .65 .656 .781 .834
FINANCE .756 .597 .634 .658 .768 .829
INDEXES .756 .697 .686 .686 .697 .729
COMPUTER .75 .65 .65 .65 .7 .8
INSURANC .72 .68 .64 .72 .76 .76
CHEM .717 .652 .63 .521 .673 .717
NASD-100 .711 .639 .608 .618 .783 .824
-----
SEMI .705 .589 .568 .526 .757 .831
DOWJONES .7 .666 .6 .7 .833 .833
-----
MARIJUAN .7 .7 .2 .1 .3 .7
ELECTRON .699 .624 .593 .578 .736 .789
DJI-13 .692 .769 .692 .769 .923 .923
REIT .692 .638 .623 .646 .73 .807
INDMATER .68 .541 .458 .416 .486 .597
BIOTECH .666 .641 .6 .573 .636 .691
BEVERAGE .642 .642 .642 .642 .642 .714
GAMING .631 .631 .578 .578 .736 .789
SOFTWARE .625 .678 .625 .625 .625 .678
JETS .615 .384 .307 .307 .461 .692
RUS-1000 .584 .554 .529 .513 .592 .673
HACKERS .562 .625 .562 .562 .625 .687
ETFS .545 .345 .363 .309 .436 .6
-------------------------------------------------------------------------------------------------
GUNS .461 .384 .461 .461 .615 .692
LOWPRICE .439 .447 .391 .359 .394 .489
HOSPITAL .437 .437 .437 .437 .5 .562
BONDFUND .39 .333 .413 .333 .597 .85
COPPER .375 .25 .25 .125 .125 .125
CHINA .36 .22 .24 .26 .28 .3
COMODITY .333 .358 .307 .256 .282 .282
EDU .333 .333 .333 .333 .333 .333
FOOD .326 .387 .326 .265 .265 .265
GOLD .217 .195 .108 .086 .086 .13
|
===================================================================================
Thursday: August 25: 5:50 AM (PCT) Futures: DJI +86 NASDAQ +50 Data Used for 8/24/2022
| |
The operative Sell S4 has always been a reliable
signal. Basically, it tells us that
the DJI has lost its upward momentum after an excellent rally and
the big-money
support for the rally is disappearing and there is considerable
risk that profit-taking
will turn into aggressive selling. That also describes our
situation now, though FED
Chairman Powell is expected to do his best not to spook the
market as he talks
about long-overdue rate hikes.
Paper losses are small with the S4s generally. And the size
of the declines
with this new variety of Sell S4 should keep us cautious.
Size of decline in DJI at time
New
S4 of next Buy signal.
-----------------------------------------------------
4/6/1936 7.5%
10/5/1947 10.8%
7/5/1970 0.6%
8/24/1984 4.8% Unique reversing sell signal here.
7/17/1990 18.2%
10/31/2008 19.0%
11/3/2014 3.6% - 15% decline soon followed.
The Closing Powers for the major ETFs shown below are testing
their
rising 21-day ma. Watch to see what Professionals do today
as
they assess Powell's likely remarks tomorrow. We want to
give the
market a chance to rally and then fail before sellng short.
|
|
| |
August 24
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/PER82422.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/8-24/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-24/BEARISH.htm |
|
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Table 1 Breadth Statistics
---------------------------------------
8-24-2022
DJIA 32969.23 59.64 0.18%
S&P 500 4140.77 12.04 0.29%
Nasdaq 12431.53 50.23 0.41%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,397 3,328 3,353
Advances 2,037 1,523 647
Declines 1,193 1,657 2,573
Unchanged 167 148 133
New highs 38 29 35
New lows 75 62 34
Bearish
Adv. volume* 506,005,698 393,143,711 148,467,025
Decl. volume* 207,638,268 337,139,369 608,651,257
Total volume* 723,414,271 748,056,744 769,184,618
Closing Arms (TRIN)† 0.60 0.68 0.99
Block trades* 3,938 3,911 4,174
Adv. volume 2,634,914,605 2,164,426,206 772,292,024
Decl. volume 924,404,872 1,609,938,961 3,051,461,862
Total volume 3,608,290,233 3,867,349,913 3,919,768,513
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,907 4,793 4,854
Advances 2,814 2,307 1,138
Declines 1,807 2,233 3,447
Unchanged 286 253 269
New highs 54 65 50
New lows 144 174 75
Bearish
Closing Arms (TRIN)† 0.46 0.87 0.73
Block trades 21,524 21,350 30,461
Adv. volume 2,950,663,375 2,044,854,339 1,592,040,961
Decl. volume 875,944,901 1,712,587,600 3,520,752,922
Total volume 3,889,382,861 3,818,747,115 5,159,333,307
|
Table 2 QUICKSILVER on ETFS - 8/24/2022
Bullish = 6 IWM, FAS, SOXL, TECL, IBB, TAN Bullish jump from yesterday.
TECL is highest at .608
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 329.86 .75 340.58 -154.1% Bullish BLUE .057 0 ----
---------------------------------------------------------------------------------------------
COMPQX 12431.53 50.23 12965.34 -199.8% Bullish BLUE .164 .071 .235
---------------------------------------------------------------------------------------------
SPY 413.67 1.32 427.89 -154.3% Bullish BLUE .16 .024 .184
---------------------------------------------------------------------------------------------
QQQ 315.01 .91 329.28 -209.4% Bullish BLUE .17 .064 .234
---------------------------------------------------------------------------------------------
MDY 462.75 2.32 478.44 -126.5% Bullish BLUE .124 .024 .148
---------------------------------------------------------------------------------------------
IWM 192.41 1.46 198.92 -133.6% Bullish BLUE .213 .051 .264
---------------------------------------------------------------------------------------------
FAS 79.3 1.19 89.92 -611.5% Bullish BLUE .193 .181 .374
---------------------------------------------------------------------------------------------
RETL 10.48 -.28 13.18 -1250.8% ------- RED .037 .124 .161
---------------------------------------------------------------------------------------------
SOXL 17.41 .08 20.89 -569.3% ------- BLUE .247 .04 .287
---------------------------------------------------------------------------------------------
TECL 39.15 .08 45.48 -674% Bullish BLUE .25 .358 .608
---------------------------------------------------------------------------------------------
IBB 127.07 1.7 128.92 -130.5% Bullish BLUE .175 .12 .295
---------------------------------------------------------------------------------------------
GLD 163.25 .48 163.92 -33.7% ------- BLUE -.026 -.119 -.145
---------------------------------------------------------------------------------------------
DBO 18.1 .29 17.22 402.9% Bullish BLUE .042 -.203 -.161
---------------------------------------------------------------------------------------------
OIH 253.54 5.41 241.15 484.9% Bullish BLUE .235 -.144 .091
---------------------------------------------------------------------------------------------
CPER 21.96 -.29 22.03 68.1% ------- ---- .217 -.215 .002
---------------------------------------------------------------------------------------------
TAN 85.65 1.73 87.67 -57.5% ------- BLUE .208 .165 .373
---------------------------------------------------------------------------------------------
UUP 29.07 .02 28.75 93.5% Bullish RED .119 -.045 .074
---------------------------------------------------------------------------------------------
CORN 26.41 .02 24.91 317.9% Bullish RED .179 -.158 .021
---------------------------------------------------------------------------------------------
WEAT 8.32 .07 7.69 200.3% ------- ---- .174 -.32 -.146
---------------------------------------------------------------------------------------------
YINN 62.83 .76 62.03 -115.5% Bullish BLUE .205 -.287 -.082
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/24/22
Bullish = 37
Bearish = 12
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .894 .868 .868 .868 .894 .894
BIGBANKS .857 .857 .857 1 1 1
COAL .833 .833 .833 .833 .833 .833
INFRA .818 .787 .636 .696 .727 .727
SOLAR .812 .75 .75 .875 .937 .875
GREEN .789 .736 .736 .789 .894 .894
HOMEBLDG .777 .611 .666 .777 1 .944
DJI-13 .769 .692 .769 .923 .923 .923
OILGAS .764 .707 .584 .603 .613 .518
RETAIL .744 .808 .787 .872 .936 .914
HIGHPRIC .742 .683 .71 .839 .878 .875
TRANSP .736 .578 .526 .684 .789 .789
AUTO .735 .716 .679 .83 .867 .886
MILITARY .73 .73 .653 .807 .846 .884
SP500 .724 .688 .684 .812 .851 .849
-----
MARIJUAN .7 .2 .1 .3 .7 .7
INDEXES .697 .686 .686 .697 .74 .718
SP-100 .688 .644 .644 .822 .811 .811
FIDSTKS .686 .65 .656 .781 .828 .792
INSURANC .68 .64 .72 .76 .76 .76
REGBANKS .68 .68 .68 .92 1 .96
SOFTWARE .678 .642 .625 .625 .678 .696
NIFTY .673 .652 .652 .782 .804 .782
DOWJONES .666 .6 .7 .833 .833 .866
-----
CHEM .652 .63 .543 .652 .739 .717
COMPUTER .65 .65 .65 .7 .8 .7
BEVERAGE .642 .642 .642 .642 .714 .642
BIOTECH .641 .597 .575 .636 .691 .694
NASD-100 .639 .608 .608 .783 .804 .814
-----
REIT .638 .615 .653 .738 .8 .838
GAMING .631 .578 .526 .789 .789 .789
HACKERS .625 .562 .562 .625 .687 .625
ELECTRON .624 .593 .578 .736 .781 .721
FINANCE .597 .634 .658 .756 .829 .841
SEMI .589 .568 .526 .757 .831 .747
RUS-1000 .554 .531 .513 .594 .67 .675
INDMATER .541 .458 .416 .486 .569 .541
===================================================================================================
LOWPRICE .449 .391 .359 .394 .489 .486
HOSPITAL .437 .437 .437 .5 .562 .562
FOOD .387 .326 .265 .265 .265 .285
GUNS .384 .461 .461 .615 .692 .692
JETS .384 .307 .307 .461 .615 .692
C
OMODITY . 358 .307 .256 .282 .282 .307
ETFS .345 .363 .309 .436 .6 .654
BONDFUND .333 .413 .333 .597 .862 .839
EDU .333 .333 .333 .333 .333 .333
COPPER .25 .25 .125 .125 .125 .125
CHINA .22 .24 .26 .28 .3 .32
GOLD .195 .108 .086 .086 .108 .086
|
===================================================================================
Wednesday: August 24: 5:50 AM (PCT) Futures: DJI +2 NASDAQ +5 Data
Used for 8/23/2022
| |
I take the
operative Peerless signal to be the revised Sell S4 from late last week.
There have been 7 earlier instances
of this particular signal from April to December
since 1929. All were immediately
profitable and showed no paper losses of any
consequence. In every case,
the DJI fell down at least to the lower band and in
5 of the 7 cases the DJI fell
substantially below the lower band. This makes the
market dangerous now if a stock's
or ETF's Closing Power uptrend is broken.
Sell stocks when this happens.
At present, the key ETFs are trying
to regroup and bounce up from their rising
21-day ma. The odds now favor
a brief bounce, probably on low volume. That
is what usually happens with the
DJI after a sharp decline to its 21-day ma with
an IP21 and an AROC value each
above +.07. But we should not be fooled by
this bounce.
The underlying problems of rising
interest rates and Inflation over 7% continue.
Inflation does pressure investors
to try to find growth stocks. But Inflation also
eats away at the buying power in
social classes where wages are semi-fixed or stagnant.
Even though Social Security does
rise with inflation, it is not adjusted quickly
enough and so many of the elderly
have less dispsable income. And if the
economy is finally slowed down by
rising interest rates, many stocks and stock
groups must suffer. That, for
one thing, is why we are again seeing more new lows
than new highs in Table 1 and, for
another, why we are seeing more MINCPs
than MAXCPs now after only a week's
sell-off.
Watch Interest rates of all time
periods. But know that the short-term and
ten-rate charts shown below are
steadily rising. And with Inflation above 8%,
we must expect them to keep rising.
I know of no cases where the FED fought
such inflation without bringing a
big drop in the stock market. Powell will try
to avoid this, but his efforts will
probably fail. On Friday, he will be speaking
on Inflation and "soft
landings". His remarks when finally out should bring
a relief rally unless he is too
"hawkish", which would be out of character
for him. |
|
| |
August 23
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808123.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-23/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-23/BEARISH.htm |
|
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Table 1 Breadth Statistics
---------------------------------------
8-23-2022
Last Chg %Chg
DJIA 32909.59 -154.02 -0.47
S&P 500 4128.73 -9.26 -0.22
Nasdaq 12381.30 -0.27 0.00
NYSE Latest Close Previous Close Week Ago
Issues traded 3,328 3,327 3,368
Advances 1,523 550 1,723
Declines 1,657 2,650 1,474
Unchanged 148 127 171
New highs 29 20 64
New lows 62 88 21
bearish
Adv. volume* 393,143,711 118,709,294 493,869,644
Decl. volume* 337,139,369 706,993,820 280,866,456
Total volume* 748,056,744 835,041,829 794,192,826
Closing Arms (TRIN)† 0.68 0.97 0.62
Block trades* 3,911 4,277 4,128
Adv. volume 2,164,426,206 683,977,053 2,772,049,499
Decl. volume 1,609,938,961 3,212,919,717 1,463,676,834
Total volume 3,867,349,913 3,940,951,617 4,361,335,011
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,793 4,798 4,863
Advances 2,307 1,013 2,079
Declines 2,233 3,516 2,494
Unchanged 253 269 290
New highs 65 42 91
New lows 174 195 61
bearish
Closing Arms (TRIN)† 0.87 1.01 1.00
Block trades 21,350 24,734 29,048
Adv. volume 2,044,854,339 936,658,080 2,243,550,519
Decl. volume 1,712,587,600 3,272,838,996 2,695,359,404
Total volume 3,818,747,115 4,270,841,585 5,005,971,945
|
Table 2 QUICKSILVER on ETFS - 8/23/2022
Bullish = 2 TECL, TAN
TECL is highest at .416
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 329.11 -1.65 340.2 -186.8% Bullish RED .028 0 -----
---------------------------------------------------------------------------------------------
COMPQX 12381.3 -.27 12938.12 -281.3% Bullish BLUE .124 .045 .169
---------------------------------------------------------------------------------------------
SPY 412.35 -1 426.65 -204.6% Bullish RED .129 .011 .14
---------------------------------------------------------------------------------------------
QQQ 314.1 -.26 328.49 -279.3% Bullish BLUE .133 .041 .174
---------------------------------------------------------------------------------------------
MDY 460.43 -.01 474.61 -218.2% Bullish RED .108 .002 .11
---------------------------------------------------------------------------------------------
IWM 190.95 .31 197.61 -255.4% Bullish ---- .193 .022 .215
---------------------------------------------------------------------------------------------
FAS 78.11 -.81 89.6 -739.8% Bullish RED .152 .076 .228
---------------------------------------------------------------------------------------------
RETL 10.76 -.05 13.49 -1540.3% Bullish RED .013 .03 .043
---------------------------------------------------------------------------------------------
SOXL 17.33 .29 19.55 -974% Bullish BLUE .202 -.126 .076
---------------------------------------------------------------------------------------------
TECL 39.07 -.34 44.86 -771% Bullish RED .218 .198 .416
---------------------------------------------------------------------------------------------
IBB 125.37 -.24 130.4 -295.1% Bullish ---- .146 .088 .234
---------------------------------------------------------------------------------------------
GLD 162.77 1.13 164.35 -81% Bearish BLUE -.046 -.114 -.16
---------------------------------------------------------------------------------------------
DBO 17.81 .49 16.71 379.6% Bullish BLUE -.046 -.184 -.23
---------------------------------------------------------------------------------------------
OIH 248.13 11.9 230.39 393.8% Bullish BLUE .172 -.194 -.022
---------------------------------------------------------------------------------------------
CPER 22.25 .21 21.66 88.9% ------- BLUE .174 -.192 -.018
---------------------------------------------------------------------------------------------
TAN 83.92 .59 86.63 -216.8% ------- BLUE .19 .096 .286
---------------------------------------------------------------------------------------------
UUP 29.05 -.12 28.53 97.3% Bullish RED .163 -.003 .16
---------------------------------------------------------------------------------------------
CORN 26.39 .97 24.8 334.1% Bullish BLUE .241 -.13 .111
---------------------------------------------------------------------------------------------
WEAT 8.25 .15 8 62.8% Bullish ---- .175 -.3 -.125
---------------------------------------------------------------------------------------------
YINN 62.07 -.19 64.27 -206.1% Bullish BLUE .174 -.366 -.192
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/23/22
Bullish = 35
Bearish = 14
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .868 .868 .868 .894 .894 .868
BIGBANKS .857 .857 1 1 1 1
COAL .833 .833 .833 .833 .833 .666
RETAIL .808 .787 .872 .936 .914 .957
INFRA .787 .636 .696 .727 .727 .757
SOLAR .75 .75 .875 .937 .875 .875
GREEN .736 .736 .789 .894 .894 .894
MILITARY .73 .653 .807 .846 .884 .923
AUTO .716 .679 .83 .867 .886 .905
OILGAS .707 .584 .603 .613 .518 .5
DJI-13 .692 .769 .923 .923 .923 .923
SP500 .688 .684 .812 .849 .845 .879
-----
INDEXES .686 .686 .697 .74 .718 .718
HIGHPRIC .683 .71 .839 .878 .875 .898
REGBANKS .68 .68 .92 1 1 1
NIFTY .652 .652 .76 .804 .782 .847
COMPUTER .65 .65 .7 .8 .7 .85
FIDSTKS .65 .656 .781 .828 .786 .84
SP-100 .644 .644 .822 .811 .811 .777
BEVERAGE .642 .642 .642 .714 .642 .785
SOFTWARE .642 .642 .625 .678 .696 .732
INSURANC .64 .72 .76 .76 .76 .76
FINANCE .634 .658 .756 .817 .841 .865
CHEM .63 .543 .673 .717 .717 .739
REIT .615 .646 .746 .807 .83 .846
HOMEBLDG .611 .666 .777 1 .944 1
NASD-100 .608 .608 .773 .804 .814 .876
-----
DOWJONES .6 .7 .833 .833 .866 .8
-----
BIOTECH .597 .573 .639 .691 .688 .721
ELECTRON .593 .578 .736 .781 .721 .781
GAMING .578 .526 .736 .842 .789 .789
TRANSP .578 .526 .684 .789 .789 1
SEMI .568 .526 .757 .831 .747 .821
HACKERS .562 .562 .625 .687 .625 .75
RUS-1000 .531 .516 .594 .673 .675 .721
------------------------------------------------------------------------------------------------
GUNS .461 .461 .615 .692 .692 .692
INDMATER .458 .416 .486 .569 .527 .625
HOSPITAL .437 .437 .5 .562 .5 .625
BONDFUND .413 .333 .597 .862 .862 .919
LOWPRICE .394 .359 .394 .489 .489 .537
ETFS .363 .309 .436 .6 .672 .727
EDU .333 .333 .333 .333 .333 .333
FOOD .326 .265 .265 .265 .285 .285
COMODITY .307 .256 .282 .282 .307 .307
JETS .307 .307 .461 .615 .692 .846
COPPER .25 .125 .125 .125 .125 .125
CHINA .24 .26 .28 .3 .36 .36
MARIJUAN .2 .1 .3 .7 .7 .7
GOLD .108 .086 .086 .108 .086 .26
|
| |
| |
==================================================================================
Tuesday: August 23:
4:53 AM (PCT) Futures: DJI
+30 NASDAQ +15 Data Used for 8/22/2022
| |
It's turnaround-Tuesday. The DJI will now try to
stay above its 21-day ma.
But after more research, I take the operative Peerless signal now to
be a revised Sell S4. The market is a "cry-baby".
It wants Powell to back off
from being a "Hawk", so it is demonstrating what it might do
if he does not
protect it. The history of the Sell S4 below suggests that the DJI's
rising 65-dma
will probably have to be successfully tested and it may not hold if Fed
Chairman
Powell does not "blink" and talk like a dove when he gives
his Jackson Hole
speech this Friday.
I take the operative Peerless signal to be a newly created Sell S4 for
August 18th
along the normal lines of all Sell S4s, but modified somewhat so that
its key values
not only match this date but are supported by 7 previous occurrences
since 1929,
all of which brought significant declines. The key conditions for
Sell S4s is that
the IP21-Accumulation drops below its 21-day ma and the DJI is up 13.5%
to
15% above its recent lowest closing of the last 3 months. Here I
have added the
necessity for our momentum AROC indicator (defined as being 250 times
the one
day rate of change of the 21-day ma of the DJI closes) not
be above 1.29% if
the current IP21 is greater than +.095.
The exact formula I show under the seven earlier newly created Sell
S4s. Study
these charts because this will be one of the best ways we have of
predicting how
far the DJI will drop.
Many other bearish technical factors are present now that I did not
include in
our new Sell S4 formula. I mentioned all these Monday and Tuesday
before
the openings.
1) The DJI has been unable to eat
up the resistance of its falling 200-dma.
2) The DJI has stalled out at its
parallel price-channel resistance.
3) There have been breaks of
the well-tested A/D Line uptrend.
4) The tech stocks' ETFs have
broken both their price up-trends and
their Closing Power uptrends.
|
Revised Sell S4: 2022 and earlier 7 cases cases. No Jan-March S4s allowed at this
point because this period has not been tested due to lack of time.
|
2022 Note new S4 here.
 |
1936
 |
1947
 |
1970
 |
1984
 |
1990
 |
2008
 |
2015  |
New VB Peerless Code for revised Sell S4
' new S4
For i = 66 To rn
If la(i) / ma(i) < 1.032 Then 54982
If la(i) / ma(i) > 1.035 Then 54982
aroc = 250 * (ma(i) - ma(i - 1)) / ma(i - 1)
If aroc > 1.128 And newipxxx(i) > .095 Then 54982
' find low for last 3 months
maxlow = 999999
For j = i - 65 To i
If la(j) < maxlow Then maxlow = la(j)
Next j
If ((la(i) - maxlow) / maxlow) < .13 Then 54982
If ((la(i) - maxlow) / maxlow) > .15 Then 54982
sumip21 = z
For j = i - 20 To i
sumip21 = sumip21 + newipxxx(j)
Next j
avgip21 = sumip21 / 21
If newipxxx(i) > avgip21 Then 54982
' Place arrow on chart
s9(i) = 4: ms(i) = 4: : pi = i: s4arrows (pi): i = i + 5
54982 Next i
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
8-22-2022
DJIA 33063.61 -643.13 -1.91%
S&P 500 4137.99 -90.49 -2.14%
Nasdaq 12381.57 -323.64 -2.55%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,327 3,318 3,380
Advances 550 467 1,625
Declines 2,650 2,714 1,583
Unchanged 127 137 172
New highs 20 26 61
New lows 88 57 19
Bearish
Adv. volume* 118,709,294 129,345,359 337,364,248
Decl. volume* 706,993,820 735,146,805 383,981,645
Total volume* 835,041,829 874,180,708 734,600,296
Closing Arms (TRIN)† 0.97 0.89 1.14
Block trades* 4,277 4,785 3,833
Adv. volume 683,977,053 601,748,210 1,724,061,144
Decl. volume 3,212,919,717 3,128,870,998 1,919,688,093
Total volume 3,940,951,617 3,770,768,728 3,730,358,607
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,798 4,762 4,907
Advances 1,013 987 2,651
Declines 3,516 3,542 1,946
Unchanged 269 233 310
New highs 42 46 89
New lows 195 109 52
Bearish
Closing Arms (TRIN)† 1.01 1.24 0.73
Block trades 24,734 28,781 25,629
Adv. volume 936,658,080 838,451,308 2,830,297,973
Decl. volume 3,272,838,996 3,728,895,732 1,524,187,244
Total volume 4,270,841,585 4,598,836,075 4,440,123,130
|
Table 2 QUICKSILVER on ETFS - 8/22/2022
Bullish = 3 IWM , TECL, TAN
TECL is highest at .339
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 330.76 -6.28 341.74 -126.7% Bullish RED .103 0 ----
---------------------------------------------------------------------------------------------
COMPQX 12381.57 -323.65 13102.55 -287.8% Bullish RED .156 .029 .185
---------------------------------------------------------------------------------------------
SPY 413.35 -8.79 429.7 -181.6% Bullish RED .172 .006 .178
---------------------------------------------------------------------------------------------
QQQ 314.36 -8.5 332.28 -284% Bullish RED .154 .026 .18
---------------------------------------------------------------------------------------------
MDY 460.44 -10.02 481.07 -184.8% Bullish RED .181 -.003 .178
---------------------------------------------------------------------------------------------
IWM 190.64 -4.01 200.99 -262.5% Bullish RED .248 .014 .262
---------------------------------------------------------------------------------------------
FAS 78.92 -5.62 90.95 -580.8% Bullish RED .186 -.012 .174
---------------------------------------------------------------------------------------------
RETL 10.81 -1.11 14.71 -880.4% Bullish RED .027 -.055 -.028
---------------------------------------------------------------------------------------------
SOXL 17.04 -2.13 21.14 -1155.8% Bullish RED .249 -.216 .033
---------------------------------------------------------------------------------------------
TECL 39.41 -3.58 45.81 -747.9% Bullish RED .252 .087 .339
---------------------------------------------------------------------------------------------
IBB 125.61 -2.04 132.99 -351.6% Bullish RED .149 .078 .227
---------------------------------------------------------------------------------------------
GLD 161.64 -1.08 165.42 -123.8% Bearish ---- -.054 -.086 -.14
---------------------------------------------------------------------------------------------
DBO 17.32 .14 16.52 124.2% Bullish BLUE -.04 -.195 -.235
---------------------------------------------------------------------------------------------
OIH 236.23 -1.42 229.62 68.1% Bullish BLUE .192 -.237 -.045
---------------------------------------------------------------------------------------------
CPER 22.04 -.06 21.86 38.8% ------- BLUE .183 -.189 -.006
---------------------------------------------------------------------------------------------
TAN 83.33 -1.49 87.65 -319.1% ------- BLUE .208 .093 .301
---------------------------------------------------------------------------------------------
UUP 29.17 .24 28.49 117% Bullish BLUE .183 .032 .215
---------------------------------------------------------------------------------------------
CORN 25.42 .32 24.72 14% Bullish BLUE .221 -.132 .089
---------------------------------------------------------------------------------------------
WEAT 8.1 .2 8.15 -137.3% Bullish BLUE .176 -.287 -.111
---------------------------------------------------------------------------------------------
YINN 62.26 1.27 64.66 -365.4% ------- BLUE .168 -.343 -.175
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
Bullish = 35
Bearish = 14
8/22/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .868 .868 .894 .894 .868 .894
BIGBANKS .857 1 1 1 1 1
COAL .833 .833 .833 .833 .666 .833
RETAIL .787 .872 .936 .914 .957 .893
DJI-13 .769 .923 .923 .923 .923 .846
SOLAR .75 .875 .937 .875 .875 .937
GREEN .736 .789 .894 .894 .894 .894
INSURANC .72 .76 .76 .76 .76 .76
HIGHPRIC .71 .839 .878 .875 .898 .898
DOWJONES .7 .833 .833 .866 .8 .766
INDEXES .686 .697 .74 .718 .718 .713
SP500 .684 .812 .849 .843 .881 .859
REGBANKS .68 .92 1 1 1 .96
AUTO .679 .83 .867 .886 .905 .924
HOMEBLDG .666 .777 1 .944 1 .944
FINANCE .658 .756 .817 .829 .865 .841
FIDSTKS .656 .781 .828 .786 .84 .792
MILITARY .653 .807 .846 .884 .923 .923
NIFTY .652 .76 .782 .782 .847 .847
COMPUTER .65 .7 .8 .7 .85 .85
REIT .646 .738 .815 .838 .838 .869
SP-100 .644 .822 .811 .811 .777 .777
BEVERAGE .642 .642 .714 .642 .785 .714
SOFTWARE .642 .642 .678 .696 .714 .767
INFRA .636 .696 .727 .727 .757 .727
NASD-100 .608 .773 .793 .814 .876 .855
OILGAS .584 .603 .613 .518 .5 .49
ELECTRON .578 .736 .781 .721 .766 .789
BIOTECH .573 .636 .694 .688 .721 .765
HACKERS .562 .625 .687 .625 .75 .75
CHEM .543 .673 .739 .695 .739 .717
GAMING .526 .736 .789 .842 .789 .894
SEMI .526 .757 .831 .747 .81 .842
TRANSP .526 .684 .789 .789 1 .947
RUS-1000 .516 .597 .673 .678 .721 .736
-------------------------------------------------------------------------------------------------
GUNS .461 .615 .692 .692 .692 .692
HOSPITAL .437 .5 .562 .5 .625 .625
INDMATER .416 .486 .569 .527 .611 .652
LOWPRICE .362 .394 .489 .489 .537 .589
BONDFUND .333 .597 .862 .862 .919 .908
EDU .333 .333 .333 .333 .333 .333
ETFS .309 .436 .6 .672 .745 .727
JETS .307 .461 .615 .692 .846 .769
FOOD .265 .265 .265 .285 .285 .306
CHINA .26 .28 .3 .36 .36 .36
COMODITY .256 .282 .282 .307 .307 .307
COPPER .125 .125 .125 .125 .125 .125
MARIJUAN .1 .3 .7 .7 .7 .7
GOLD .086 .086 .108 .086 .26 .26
|
===================================================================================
Monday: August 22: 5:50 AM (PCT) Futures: DJI -345 NASDAQ -203 Data
Used for 8/19/2022
| |
It was suggested here that we sell our long
ETF positions on Friday morning because
we have numerous warning signs in our Peerless DJI chart
and because the tech
ETFs' Closing Power and Price uptrends were violated.
A decline from the 4%
upper band to the rising 65-dma would not come as a
surprise. If volume
picks up, the sell-off could be worse. Volume did
rise on Friday. Look at
Bloomberg news this morning. The bears are out in
full force. The real reason
the market is selling off is very simple. The
uptrend-lines have been broken
and the trendlines now mostly point down. Wall Street
traders talk a lot about
fundamentals, but basically, they watch the simple
trendlines. They have to,
because, they do work well.
I studied the past cases since 1929 where the DJI dropped
more than 6% from
its peak without a Peerless Sell. There have only
been 9 cases apart from January
February cases which I skipped because they did not seem so
seasonally relevant.
I looked for the common bearish characteristics in these
nine cases. What I found
was that the most frequently occurring bearish
characteristics in these nine cases
have now occurred in August 2022. These bearish
conditions are:
1) The current
IP21-Accumulation Index drops below its 21-dma.
2) The DJI
is not making an all-time high. It is fighting its way through
overhead
resistance from earlier trading levels.
3) The DJIA
breaks below a well-tested (3x) uptrendline.
4) The NYSE A/D
Line breaks below its well tested uptrendline.
http://tigersoftware.com/NOSELLS/INDEX.htm
(new)
It may be possible to create a new Peerless Sell based on this
knowledge,
but even without it, the presence of all these characteristics
now after a
13% advance from the recent lows seemed reason enough to sell and
avoid
the long side. Continue to do that.
As you can see in the charts below, the Closing Power uptrends
are being
broken. Professionals are in a hurry to take profits after
the DJI has run up
to its resistance, as posed by its falling 200-day ma and falling
parallel channel
line. This resistance is too much for Professionals to try
to overcome until
a new base is found.
The rise in NRGU (bg oil stocks) is a warning that Crude Oil's
rise may not
be over. This is hurting bonds now and the expected boost
this is causing
interest rates is helping the Dollar and hurting Gold.
There were more new
lows than new highs on Friday. The bullish MAXCPs offer
very little now
while the number of bearish MINCPs is starting to grow again.
The FED is still on vacation. But Fed Chairman Powell is
scheduled to speak
in the middle of this week. The market makers are lowering
prices this morning
to take advantage of the profit-taking urge that predictably
intensified over
the weekend. Watch to see if Professionals dare to hold up
prices which
are sharply down this morning. My guess is that a falling
market is Wall Street's
way of bring Powell's dovishness out. |
|
| |
August 19
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808119.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-19/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-19/BEARISH.htm |
|
Although we have no Peerless sell,
we see many bearish technical readings from our DJI chart.
 |
 |
 |
 |
 |
 |
 |
Table 1
Breadth Statistics
-------------------------------------------------------------------
8-19-2022DJIA 33706.74 -292.30 -0.86%
S&P 500 4228.48 -55.26 -1.29%
Nasdaq 12705.22 -260.13 -2.01%
Issues traded 3,318 3,318 3,346
Advances 467 1,816 2,580
Declines 2,714 1,315 617
Bearish
Unchanged 137 187 149
New highs 26 55 56
New lows 57 30 24
Bearish
Adv. volume* 129,345,359 377,169,151 658,799,199
Decl. volume* 735,146,805 283,108,535 87,883,075
Total volume* 874,180,708 672,935,064 752,856,320
Closing Arms (TRIN)† 0.89 1.19 0.66
Block trades* 4,785 3,869 3,838
Adv. volume 601,748,210 1,749,884,995 3,239,258,339
Decl. volume 3,128,870,998 1,509,793,625 510,490,672
Total volume 3,770,768,728 3,342,907,442 3,791,953,995
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,762 4,772 4,832
Advances 987 2,448 3,364
Declines 3,542 2,070 1,214
Unchanged 233 254 254
New highs 46 79 96
New lows 109 72 60
Bearish
Closing Arms (TRIN)† 1.24 0.89 0.76
Block trades 28,781 30,251 29,820
Adv. volume 838,451,308 2,622,144,497 3,709,840,887
Decl. volume 3,728,895,732 1,962,528,931 1,011,527,474
Total volume 4,598,836,075 4,621,130,293 4,761,851,834
|
Table 2
QUICKSILVER on ETFS - 8/19/2022
Bullish = 3 IWM , TECL, TAN
TECL is highest at .352
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 337.04 -3.54 339.37 -11.6% Bullish RED .116 0 ----
---------------------------------------------------------------------------------------------
COMPQX 12705.22 -260.12 13128.05 -131.2% Bullish RED .159 .028 .187
---------------------------------------------------------------------------------------------
SPY 422.14 -5.75 428.86 -57.9% Bullish RED .193 .003 .196
---------------------------------------------------------------------------------------------
QQQ 322.86 -6.42 333.06 -113.8% Bullish RED .157 .026 .183
---------------------------------------------------------------------------------------------
MDY 470.46 -7.98 478.05 -72.6% Bullish RED .197 -.001 .196
---------------------------------------------------------------------------------------------
IWM 194.65 -4.27 201.07 -142.9% Bullish RED .245 .012 .257
---------------------------------------------------------------------------------------------
FAS 84.54 -5.38 89.24 -257.3% Bullish RED .196 -.019 .177
---------------------------------------------------------------------------------------------
RETL 11.92 -1.26 13.15 -428.9% Bullish RED .036 .011 .047
---------------------------------------------------------------------------------------------
SOXL 19.17 -1.72 21.78 -578.8% Bullish RED .249 -.187 .062
---------------------------------------------------------------------------------------------
TECL 42.99 -2.49 46.15 -257% Bullish RED .26 .092 .352
---------------------------------------------------------------------------------------------
IBB 127.65 -1.27 134.82 -184.6% Bullish RED .14 .057 .197
---------------------------------------------------------------------------------------------
GLD 162.72 -1.2 165.71 -155.6% Bearish RED -.075 -.081 -.156
---------------------------------------------------------------------------------------------
DBO 17.18 -.04 16.9 -53.1% ------- ---- -.125 -.208 -.333
---------------------------------------------------------------------------------------------
OIH 237.65 -3.5 233.04 -109.8% Bullish RED .077 -.259 -.182
---------------------------------------------------------------------------------------------
CPER 22.1 .07 21.87 -22.8% ------- ---- .092 -.2 -.108
---------------------------------------------------------------------------------------------
TAN 84.82 -2.85 88.89 -242.1% Bullish RED .179 .085 .264
---------------------------------------------------------------------------------------------
UUP 28.93 .18 28.5 119.3% Bullish ---- .164 .032 .196
---------------------------------------------------------------------------------------------
CORN 25.1 .19 25.35 -129.5% Bullish BLUE .097 -.143 -.046
---------------------------------------------------------------------------------------------
WEAT 7.9 .21 8.32 -289.9% ------- BLUE .015 -.31 -.295
---------------------------------------------------------------------------------------------
YINN 60.99 -1.04 66.92 -528.8% Bullish RED .159 -.429 -.27
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/19/22
Bullish = 37
Bearish = 11
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 1 1 1 1
DJI-13 .923 .923 .923 .923 .846 .846
REGBANKS .92 1 1 1 .96 .96
SOLAR .875 .937 .875 .875 .937 .937
RETAIL .872 .936 .914 .957 .893 .893
UTILITY .868 .894 .894 .868 .894 .894
HIGHPRIC .839 .878 .875 .898 .902 .89
COAL .833 .833 .833 .666 .833 .833
DOWJONES .833 .833 .866 .8 .766 .833
AUTO .83 .867 .886 .905 .924 .905
SP-100 .822 .811 .811 .777 .777 .8
SP500 .812 .849 .843 .879 .859 .857
MILITARY .807 .846 .884 .923 .961 .961
GREEN .789 .894 .894 .894 .894 .894
FIDSTKS .781 .828 .786 .84 .792 .816
HOMEBLDG .777 1 .944 1 .944 1
NASD-100 .773 .793 .804 .876 .865 .845
INSURANC .76 .76 .76 .76 .76 .76
NIFTY .76 .782 .76 .847 .869 .847
SEMI .757 .831 .747 .81 .831 .842
FINANCE .756 .817 .829 .853 .841 .865
REIT .738 .807 .846 .846 .846 .853
ELECTRON .736 .781 .721 .766 .789 .804
GAMING .736 .789 .789 .842 .894 .842
COMPUTER .7 .8 .7 .85 .85 .8
INDEXES .697 .74 .718 .718 .718 .745
INFRA .696 .727 .727 .757 .727 .757
TRANSP .684 .789 .789 1 .947 .894
CHEM .673 .739 .717 .717 .739 .695
BEVERAGE .642 .714 .642 .785 .714 .714
SOFTWARE .642 .696 .696 .714 .767 .75
BIOTECH .636 .691 .691 .721 .765 .752
HACKERS .625 .687 .625 .75 .75 .625
GUNS .615 .692 .692 .692 .692 .692
OILGAS .603 .613 .518 .5 .49 .613
BONDFUND .597 .862 .862 .919 .919 .919
RUS-1000 .597 .675 .678 .724 .736 .739
============================================================================
HOSPITAL .5 .562 .5 .625 .687 .687
============================================================================
INDMATER .486 .569 .527 .611 .652 .68
JETS .461 .615 .692 .846 .846 .769
ETFS .436 .6 .672 .745 .745 .8
LOWPRICE .396 .489 .489 .537 .595 .582
EDU .333 .333 .333 .333 .333 .166
MARIJUAN .3 .7 .7 .7 .7 .6
COMODITY .282 .282 .307 .307 .307 .487
CHINA .28 .3 .36 .36 .4 .46
FOOD .265 .265 .285 .285 .306 .469
COPPER .125 .125 .125 .125 .125 .125
GOLD .086 .108 .086 .26 .26 .456
|
==================================================================================
Friday: August 19: 5:55
AM (PCT) Futures:
DJI -256 NASDAQ-156 Data Used for 8/18/2022
| |
Take profits in key ETFs.
No change in the Peerless buys, but the Closing Powers and
uptrendlines
for DJI, SPY, QQQ and TECL are getting very close to being
violated. This
past year when the steep A/D Line uptrend-line is violated,
as it was slightly
today, there is a two-week decline. Assuming today's
down-opening is
not reversed, then we have to expect a spill-over on Monday
because of
how emotions pile up over a weekend.
There is little doubt that the profit-taking at the DJI's
200-day ma and
down-trending price channel resistance is building
and is too much for
Professionals to continue to try to reverse in the
short-term. The DJI-Tranp.
shows the same bearish combination to make matterns worse.
And today, oil stocks and crude oil advanced, this making
Inflation worries
come alive. This caused Bonds again to fall. As
we have almost no attractive
MAXCPs to buy, expect the decline to continue over the
weekend.
And as we have nice profits in the key ETFs, I think these
should be nailed down.
Taking them even with the early weakness we are seeing is
probably the
safest course of action now, despite the still operative
Peerless BUYs. There are
some past cases where the DJI meaningfully pulls back from
its upper 3%-4%
upper band without a Peerless Sell. This could be
another such case.
|
|
| |
August 18
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808118.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/8-18/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-18/BEARISH.htm |
|
A/D Line Uptrend-Break brings sell-offs.
 |
Resistance at downtrendline and 200-dma intensifying.
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 8/18/2022
Bullish = 8 SPY, QQQ, MDY, IWM, FAS, RETL, TECL, TAN
TECL is highest at .452
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 340.58 .38 337.83 101.5% Bullish BLUE .163 --- ----
---------------------------------------------------------------------------------------------
COMPQX 12965.34 27.22 13047.19 71.3% Bullish BLUE .185 .04 .225
---------------------------------------------------------------------------------------------
SPY 427.89 1.24 427.1 92.6% Bullish BLUE .27 .004 .274
---------------------------------------------------------------------------------------------
QQQ 329.28 .79 330.39 78.9% Bullish BLUE .243 .037 .28
---------------------------------------------------------------------------------------------
MDY 478.44 3.83 477.4 88.4% Bullish BLUE .28 -.005 .275
---------------------------------------------------------------------------------------------
IWM 198.92 1.31 200.36 64.5% Bullish BLUE .337 .017 .354
---------------------------------------------------------------------------------------------
FAS 89.92 .32 89.16 273.6% Bullish BLUE .273 -.012 .261
---------------------------------------------------------------------------------------------
RETL 13.18 -.31 13.08 265.3% Bullish RED .09 .116 .206
---------------------------------------------------------------------------------------------
SOXL 20.89 1.34 21.6 267.2% Bullish BLUE .328 -.176 .152
---------------------------------------------------------------------------------------------
TECL 45.48 .62 45.33 304.6% Bullish BLUE .339 .113 .452
---------------------------------------------------------------------------------------------
IBB 128.92 -1.48 132.52 -89.5% Bullish RED .172 .069 .241
---------------------------------------------------------------------------------------------
GLD 163.92 -.43 167.87 -72.9% ------- RED .043 -.077 -.034
---------------------------------------------------------------------------------------------
DBO 17.22 .51 17.36 -123.3% ------- BLUE -.112 -.19 -.302
---------------------------------------------------------------------------------------------
OIH 241.15 10.76 242.82 36.4% Bullish BLUE .106 -.254 -.148
---------------------------------------------------------------------------------------------
CPER 22.03 .37 22.2 -56.9% ------- BLUE .118 -.208 -.09
---------------------------------------------------------------------------------------------
TAN 87.67 1.04 89.08 -14.8% Bullish BLUE .221 .105 .326
---------------------------------------------------------------------------------------------
UUP 28.75 .22 28.25 107.5% Bullish BLUE .121 .027 .148
---------------------------------------------------------------------------------------------
CORN 24.91 .11 25.75 -85.3% Bullish BLUE .056 -.152 -.096
---------------------------------------------------------------------------------------------
WEAT 7.69 -.31 8.37 -448.3% Bearish RED -.028 -.331 -.359
---------------------------------------------------------------------------------------------
YINN 62.03 -2.24 67.88 -363% Bullish RED .215 -.372 -.157
|
Table 2 Breadth Statistics
---------------------------------------
8-18-2022
DJIA 33999.04 18.72 0.06%
S&P 500 4283.74 9.70 0.23%
Nasdaq 12965.34 27.22 0.21%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,318 3,353 3,370
Advances 1,816 647 1,900
Declines 1,315 2,573 1,296
Unchanged 187 133 174
New highs 55 35 57
New lows 30 34 28
Adv. volume* 377,169,151 148,467,025 536,431,243
Decl. volume* 283,108,535 608,651,257 306,025,740
Total volume* 672,935,064 769,184,618 853,956,240
Closing Arms (TRIN)† 1.19 0.99 0.88
Bearish
Block trades* 3,869 4,174 4,345
Adv. volume 1,749,884,995 772,292,024 2,861,163,874
Decl. volume 1,509,793,625 3,051,461,862 1,721,541,978
Total volume 3,342,907,442 3,919,768,513 4,660,509,977
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,772 4,854 4,901
Advances 2,448 1,138 2,549
Declines 2,070 3,447 2,046
Unchanged 254 269 306
New highs 79 50 84
New lows 72 75 46
Closing Arms (TRIN)† 0.89 0.73 0.96
Block trades 30,251 30,461 40,690
Adv. volume 2,622,144,497 1,592,040,961 3,240,193,507
Decl. volume 1,962,528,931 3,520,752,922 2,508,959,253
Total volume 4,621,130,293 5,159,333,307 5,792,834,489
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/18/22
Bullish = 42
Bearish = 7
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 1 1 1 1
HOMEBLDG 1 .944 1 .944 1 .944
REGBANKS 1 1 1 .96 .96 .96
SOLAR .937 .875 .875 .937 .937 .937
RETAIL .936 .914 .957 .893 .893 .829
DJI-13 .923 .923 .923 .846 .846 .769
GREEN .894 .894 .894 .894 .894 .842
UTILITY .894 .894 .868 .894 .894 .868
HIGHPRIC .878 .875 .898 .902 .89 .855
AUTO .867 .886 .905 .924 .905 .849
BONDFUND .862 .862 .919 .919 .919 .908
SP500 .849 .843 .879 .857 .859 .792
=====
MILITARY .846 .884 .923 .961 .961 .923
COAL .833 .833 .666 .833 .833 .5
DOWJONES .833 .866 .8 .766 .833 .733
=====
SEMI .831 .747 .81 .831 .831 .821
FIDSTKS .828 .786 .84 .792 .816 .751
FINANCE .817 .829 .853 .829 .853 .829
SP-100 .811 .811 .777 .777 .8 .755
REIT .807 .838 .853 .853 .846 .823
COMPUTER .8 .7 .85 .85 .8 .75
NASD-100 .793 .804 .865 .865 .845 .793
=====
GAMING .789 .789 .789 .947 .842 .736
TRANSP .789 .789 1 .947 .894 .842
NIFTY .782 .76 .826 .869 .847 .826
ELECTRON .781 .721 .766 .789 .796 .774
INSURANC .76 .76 .76 .76 .76 .68
INDEXES .74 .718 .718 .718 .745 .735
CHEM .739 .717 .739 .717 .739 .608
INFRA .727 .727 .757 .727 .757 .787
BEVERAGE .714 .642 .785 .714 .714 .642
MARIJUAN .7 .7 .7 .7 .6 .4
SOFTWARE .696 .714 .714 .767 .75 .75
GUNS .692 .692 .692 .692 .692 .615
BIOTECH .691 .688 .724 .765 .752 .707
HACKERS .687 .625 .75 .75 .625 .625
RUS-1000 .675 .681 .724 .739 .736 .713
JETS .615 .692 .846 .846 .846 .692
OILGAS .613 .518 .5 .49 .613 .584
ETFS .6 .672 .745 .745 .8 .654
INDMATER .569 .527 .611 .652 .68 .638
HOSPITAL .562 .5 .625 .687 .687 .687
===================================================================================================
LOWPRICE .492 .489 .537 .595 .579 .555
EDU .333 .333 .333 .333 .166 .166
CHINA .3 .36 .36 .4 .48 .44
COMODITY .282 .307 .307 .307 .461 .333
FOOD .265 .285 .285 .306 .448 .306
COPPER .125 .125 .125 .125 .125 .125
GOLD .108 .086 .26 .26 .456 .239
|
====================================================================================
Thursday: August 18: 4:18 AM (PCT) Futures: DJI +37 NASDAQ+13 Data Used for 8/17/2022
| |
Don't sell the key ETFs yet. Avoid the
short side. Any decline will likely
be shallow. Professionals have shown a penchant here for
persistently
forcing short-covering by pushing up prices. They expect
nothing scary
from the FED until September and they see falling Oil, Food and
Gold
prices working to contain Inflation. Meanwhile, investors
are once again
looking to stocks to cope with inflation.
Peerless-2022 remains on its B9-B5 Buys from June. Today
the Peerless-2006
gave a new Buy B4 because of the way the DJI has recently stayed
above the
3.5% upper band with the P-I very positive. The Closing
Powers for DIA, SPY,
NASDAQ, QQQ and TECL keep rising. Professionals keep buying
on early-in-
the-day weakness and pushing prices back up. That would
have been true today
but for the release of the FOMC's Minutes from their July
meeting. But these
read to be the work of a two-handed set of economists.
"On the one hand,
we will fight inflation... On the other hand, we must watch the
new data to see
what it says before fighting inflation." In other
words, nothing news worthy.
Until the middle of next week when Fed Chairman speaks from his
Jackson Hole
vacation, I see little risk that the FED will talk really
"tight money" and Powell,
himself, is much more likely not to do this, I would suggest from
his past
history. .
We still see many more Bullish MAXCPs than Bearish MINCPs.
More than
80% of the components of the DJI-30, SP-500 and QQQ are above
their
65-dma (Table 3). 10 major ETFs are rated
"bullish" in Table 1. Foods,
Crude Oil and Commodities show bearish top patterns and in GLD's
case, a
bearish break below its falling 65-dma, thereby suggesting
Inflation is leveling
off. There are more new highs than new lows (Table 2).
And the NYSE A/D
Line made another new high today. |
|
| |
August 17
2022
PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808117.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/8-17/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-17/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
Most Heavily weighted stocks in DJI and SP-500
 |
 |
 |
 |
|
ETFs indicating that Inflation is levelling off:
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 8/17/2022
Bullish = 10 COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, IBB, TECL, TAN
TECL is highest at .489
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 340.2 -1.54 333.71 103.8% Bullish BLUE .17 --- ----
---------------------------------------------------------------------------------------------
COMPQX 12938.12 -164.43 12779.91 32.1% Bullish RED .234 .04 .274
---------------------------------------------------------------------------------------------
SPY 426.65 -3.05 419.99 78.3% Bullish BLUE .268 .003 .271
---------------------------------------------------------------------------------------------
QQQ 328.49 -3.79 324.08 38.9% Bullish RED .262 .037 .299
---------------------------------------------------------------------------------------------
MDY 474.61 -6.46 470.02 76.5% Bullish RED .292 -.008 .284
---------------------------------------------------------------------------------------------
IWM 197.61 -3.38 196.35 50% Bullish RED .349 .019 .368
---------------------------------------------------------------------------------------------
FAS 89.6 -1.35 85.06 410.3% Bullish BLUE .281 -.002 .279
---------------------------------------------------------------------------------------------
RETL 13.49 -1.22 12.47 651.8% Bullish RED .121 .154 .275
---------------------------------------------------------------------------------------------
SOXL 19.55 -1.59 19.78 -86.4% Bullish RED .349 -.215 .134
---------------------------------------------------------------------------------------------
TECL 44.86 -.95 42.74 175.8% Bullish BLUE .356 .133 .489
---------------------------------------------------------------------------------------------
IBB 130.4 -2.59 131.29 -99.3% Bullish RED .165 .099 .264
---------------------------------------------------------------------------------------------
GLD 164.35 -1.07 166.34 -73% ------- RED .012 -.076 -.064
---------------------------------------------------------------------------------------------
DBO 16.71 .19 17.64 -143.1% ------- BLUE -.111 -.205 -.316
---------------------------------------------------------------------------------------------
OIH 230.39 .77 239.44 6.4% Bullish BLUE .109 -.274 -.165
---------------------------------------------------------------------------------------------
CPER 21.66 -.2 22.28 -77.1% ------- RED .082 -.227 -.145
---------------------------------------------------------------------------------------------
TAN 86.63 -1.02 87.93 -197.2% Bullish BLUE .229 .096 .325
---------------------------------------------------------------------------------------------
UUP 28.53 .04 28.14 72.4% ------- ---- .108 .01 .118
---------------------------------------------------------------------------------------------
CORN 24.8 .08 25.34 -43.6% Bullish RED .045 -.146 -.101
---------------------------------------------------------------------------------------------
WEAT 8 -.15 8.43 -228.1% ------- RED .02 -.319 -.299
---------------------------------------------------------------------------------------------
YINN 64.27 -.39 66.83 66.7% Bullish ---- .196 -.324 -.128
|
Table 2 Breadth Statistics
---------------------------------------
8-17-2022
DJIA 33980.32 -171.69 -0.50%
S&P 500 4274.04 -31.16 -0.72%
Nasdaq 12938.12 -164.43 -1.25%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,353 3,368 3,393
Advances 647 1,723 2,751
Declines 2,573 1,474 512
Unchanged 133 171 130
New highs 35 64 61
New lows 34 21 23
Adv. volume* 148,467,025 493,869,644 821,543,849
Decl. volume* 608,651,257 280,866,456 67,768,410
Total volume* 769,184,618 794,192,826 902,035,366
Closing Arms (TRIN)† 0.99 0.62 0.44
Block trades* 4,174 4,128 4,706
Adv. volume 772,292,024 2,772,049,499 4,135,812,066
Decl. volume 3,051,461,862 1,463,676,834 341,260,516
Total volume 3,919,768,513 4,361,335,011 4,556,621,719
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,854 4,863 4,928
Advances 1,138 2,079 3,555
Declines 3,447 2,494 1,073
Unchanged 269 290 300
New highs 50 91 69
New lows 75 61 78
Closing Arms (TRIN)† 0.73 1.00 0.56
Block trades 30,461 29,048 30,445
Adv. volume 1,592,040,961 2,243,550,519 4,324,067,910
Decl. volume 3,520,752,922 2,695,359,404 731,113,654
Total volume 5,159,333,307 5,005,971,945 5,129,923,349
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/17/22
Bullish = 41
Bearish = 7
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 1 1 1 1
REGBANKS 1 1 .96 .96 .96 .88
HOMEBLDG .944 1 .944 1 .944 .944
DJI-13 .923 .923 .846 .846 .769 .692
RETAIL .914 .957 .893 .893 .829 .723
GREEN .894 .894 .894 .894 .842 .842
UTILITY .894 .868 .894 .894 .868 .868
AUTO .886 .905 .924 .905 .849 .83
MILITARY .884 .923 .961 .961 .884 .846
HIGHPRIC .875 .898 .902 .89 .855 .859
SOLAR .875 .875 .937 .937 .937 .937
DOWJONES .866 .8 .766 .833 .733 .666
=====
BONDFUND .862 .919 .919 .919 .919 .919
SP500 .843 .879 .857 .857 .796 .778
=====
REIT .838 .846 .861 .853 .815 .8
COAL .833 .666 .833 .833 .5 .333
FINANCE .829 .853 .829 .841 .829 .78
SP-100 .811 .777 .777 .8 .755 .7
NASD-100 .804 .865 .855 .845 .804 .783
=====
GAMING .789 .789 .894 .894 .789 .736
TRANSP .789 1 .947 .894 .842 .842
FIDSTKS .786 .84 .792 .816 .751 .704
INSURANC .76 .76 .76 .76 .68 .52
NIFTY .76 .826 .847 .847 .826 .804
SEMI .747 .81 .831 .831 .81 .842
INFRA .727 .757 .727 .757 .787 .787
ELECTRON .721 .766 .789 .796 .766 .759
INDEXES .718 .718 .718 .745 .729 .702
CHEM .717 .739 .739 .717 .63 .565
SOFTWARE .714 .732 .767 .75 .75 .767
COMPUTER .7 .85 .85 .8 .75 .75
MARIJUAN .7 .7 .7 .6 .4 .4
GUNS .692 .692 .692 .692 .615 .538
JETS .692 .846 .846 .846 .692 .692
BIOTECH .688 .721 .768 .752 .707 .73
RUS-1000 .681 .726 .739 .739 .708 .681
ETFS .672 .745 .745 .8 .672 .636
BEVERAGE .642 .785 .714 .714 .642 .714
HACKERS .625 .75 .75 .625 .625 .562
INDMATER .527 .611 .652 .68 .638 .597
OILGAS .518 .5 .49 .613 .584 .415
============================================================================================
HOSPITAL .5 .625 .687 .687 .687 .687
============================================================================================
LOWPRICE .492 .537 .595 .579 .552 .542
CHINA .36 .36 .4 .48 .46 .38
EDU .333 .333 .333 .166 .166 .166
COMODITY .307 .307 .307 .461 .333 .307
FOOD .285 .285 .306 .448 .306 .265
COPPER .125 .125 .125 .125 .125 .125
GOLD .086 .26 .26 .456 .239 .282
|
====================================================================================
Wednesday: August 17:
5:45 AM (PCT) Futures: DJI -193 NASDAQ-117 Data Used for 8/16/2022
| |
Peerless
remains on Buys and the CLosing Powers are rising. The DJI
is now 4.5% over its 21-day
ma. The +3.5% band should act as support.
The Futures show a decline is
shaping up for the day. But believing down-
day futures and selling these
past two months would have been a mistake.
We need to see weakness AFTER
the opening which drives down our
Closing Powers below their
steady uptrends. So, it's best not to sell out.
The last time, back in 2020,
that the DJI got past its 200-day ma, it reached
a point 10% over the 21-day
ma before selling off. So more upside is
certainly possible,
especially since the FED is on vacation this month and
its bearish surprises are
probably on hold.
It is true breadth has
stopped being super-positive (>2400 NYSE advancers)
and it is true that the QQQ
and NASDAQ fell back on Tuesday. And it
is also true that our TIger
Index of Bond Funds gave an automatic Sell
today (See below). But
there is no sign that the forces of inflation among
Gold, the Dollar, Crude Oil
or commodities are turning back up. What is
true is that our leveraged
short-sale (negative) ETFs are all back at the
support of their lows.
So, this seems like an over-bought round of profit-
taking. A big drop is
not likely until we get a Peerless Sell and the
Closing Powers for QQQ, DIA,
SPY and TECL break their uptrends.
I am encouraged that the
retailers (RETL, AMZN and HD) rose nicely
today. I doubt if they
would be doing this if the economy was falling "flat:".
So, let's keep holding the
major ETFs and see if there is not a turn back
upwards after early selling
is out of the way today. |
|
| |
August 16
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808116.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
The MAXCPs are a little late this morning...
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/8-16/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-16/BEARISH.htm |
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Table 1 QUICKSILVER on ETFS - 8/16/2022
Bullish = 8 COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, IBB, TECL, TAN
TECL is highest at .537
Bearish = 1 DBO
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 341.74 2.37 333.2 206.8% Bullish BLUE .221 0 -----
---------------------------------------------------------------------------------------------
COMPQX 13102.55 -25.5 12854.81 236.6% Bullish BLUE .275 .053 .328
---------------------------------------------------------------------------------------------
SPY 429.7 .84 419.99 217.7% Bullish BLUE .322 .009 .331
---------------------------------------------------------------------------------------------
QQQ 332.28 -.78 325.93 233.1% Bullish BLUE .316 .048 .364
---------------------------------------------------------------------------------------------
MDY 481.07 3.02 467.35 265.7% Bullish BLUE .336 .007 .343
---------------------------------------------------------------------------------------------
IWM 200.99 -.08 195.62 274.5% Bullish BLUE .406 .037 .443
---------------------------------------------------------------------------------------------
FAS 90.95 1.71 82.43 827.1% Bullish BLUE .325 .02 .345
---------------------------------------------------------------------------------------------
RETL 14.71 1.56 11.79 1616.6% Bullish BLUE .213 .279 .492
---------------------------------------------------------------------------------------------
SOXL 21.14 -.64 19.91 856% Bullish RED .383 -.154 .229
---------------------------------------------------------------------------------------------
TECL 45.81 -.34 43.29 661.9% Bullish BLUE .385 .152 .537
---------------------------------------------------------------------------------------------
IBB 132.99 -1.83 133.04 116.4% Bullish RED .222 .104 .326
---------------------------------------------------------------------------------------------
GLD 165.42 -.29 166.78 -53.4% ------- BLUE .024 -.079 -.055
---------------------------------------------------------------------------------------------
DBO 16.52 -.38 17.2 -139.4% ------- RED -.057 -.227 -.284
---------------------------------------------------------------------------------------------
OIH 229.62 -3.42 230.09 19.4% ------- RED .156 -.279 -.123
---------------------------------------------------------------------------------------------
CPER 21.86 -.01 22 36.3% Bullish ---- .097 -.23 -.133
---------------------------------------------------------------------------------------------
TAN 87.65 -1.24 90.13 101.8% Bullish RED .234 .152 .386
---------------------------------------------------------------------------------------------
UUP 28.49 -.01 28.12 10.6% ------- ---- .141 .006 .147
---------------------------------------------------------------------------------------------
CORN 24.72 -.63 25.02 -27.7% Bullish RED .061 -.141 -.08
---------------------------------------------------------------------------------------------
WEAT 8.15 -.17 8.38 -41.9% ------- RED .064 -.275 -.211
---------------------------------------------------------------------------------------------
YINN 64.66 -2.26 63.39 15.2% Bullish BLUE .248 -.267 -.019
|
Table 2 Breadth Statistics
---------------------------------------
8/16/2022
DJIA 34152.01 239.57 0.71%
S&P500 4305.20 8.06 0.19%
Nasdaq 13102.55 -25.50 -0.19%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,368 3,380 3,416
Advances 1,723 1,625 1,138
Declines 1,474 1,583 2,071
Unchanged 171 172 207
New highs 64 61 26
New lows 21 19 58
Adv. volume* 493,869,644 337,364,248 340,359,547
Decl. volume* 280,866,456 383,981,645 465,814,418
Total volume* 794,192,826 734,600,296 816,148,516
Closing Arms (TRIN)† 0.62 1.14 0.85
Block trades* 4,128 3,833 4,151
Adv. volume 2,772,049,499 1,724,061,144 1,533,964,468
Decl. volume 1,463,676,834 1,919,688,093 2,361,233,498
Total volume 4,361,335,011 3,730,358,607 3,946,888,395
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,863 4,907 4,992
Advances 2,079 2,651 1,364
Declines 2,494 1,946 3,281
Unchanged 290 310 347
New highs 91 89 47
New lows 61 52 96
Closing Arms (TRIN)† 1.00 0.73 1.32
Block trades 29,048 25,629 34,280
Adv. volume 2,243,550,519 2,830,297,973 1,250,715,210
Decl. volume 2,695,359,404 1,524,187,244 3,985,301,638
Total volume 5,005,971,945 4,440,123,130 5,272,408,546
|
Table 2 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/16/22
Bullish = 42
Bearish = 2
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 1 1 1 .857
HOMEBLDG 1 .944 1 .944 .944 .722
REGBANKS 1 .96 .96 .96 .88 .64
TRANSP 1 .947 .894 .842 .789 .736
RETAIL .957 .893 .893 .829 .702 .617
DJI-13 .923 .846 .846 .769 .692 .692
MILITARY .923 .961 .961 .884 .884 .692
BONDFUND .919 .919 .919 .919 .931 .919
AUTO .905 .924 .905 .849 .83 .811
HIGHPRIC .898 .902 .89 .855 .863 .832
GREEN .894 .894 .894 .842 .842 .789
SP500 .879 .857 .857 .794 .778 .684
SOLAR .875 .937 .937 .937 .937 .875
UTILITY .868 .894 .894 .868 .868 .815
NASD-100 .865 .855 .835 .804 .783 .721
FINANCE .853 .829 .841 .817 .78 .658
COMPUTER .85 .85 .8 .75 .75 .6
JETS .846 .846 .846 .692 .615 .538
REIT .846 .853 .861 .823 .792 .776
FIDSTKS .84 .792 .816 .751 .704 .644
NIFTY .826 .847 .826 .826 .804 .739
SEMI .81 .831 .831 .81 .831 .642
DOWJONES .8 .766 .833 .733 .666 .6
GAMING .789 .894 .842 .842 .736 .736
BEVERAGE .785 .714 .714 .642 .714 .642
SP-100 .777 .777 .8 .755 .7 .611
ELECTRON .766 .789 .796 .766 .751 .631
INSURANC .76 .76 .76 .68 .52 .4
INFRA .757 .727 .757 .787 .787 .666
HACKERS .75 .75 .625 .625 .562 .5
ETFS .745 .745 .8 .672 .636 .29
CHEM .739 .739 .739 .608 .586 .5
SOFTWARE .732 .785 .75 .75 .767 .678
RUS-1000 .726 .741 .739 .711 .675 .62
BIOTECH .721 .765 .754 .707 .73 .669
INDEXES .718 .718 .745 .729 .702 .659
MARIJUAN .7 .7 .6 .4 .4 .5
GUNS .692 .692 .692 .615 .538 .461
COAL .666 .833 .833 .5 .333 .333
HOSPITAL .625 .687 .687 .687 .687 .625
INDMATER .611 .652 .68 .638 .597 .513
LOWPRICE .539 .595 .579 .552 .539 .484
===============================================================================================
OILGAS .5 .49 .613 .584 .415 .33
===============================================================================================
CHINA .36 .4 .48 .46 .38 .38
EDU .333 .333 .166 .166 .166 .333
COMODITY .307 .307 .461 .333 .307 .179
FOOD .285 .306 .448 .306 .285 .163
GOLD .26 .26 .456 .239 .282 .26
COPPER .125 .125 .125 .125 .125 .125
|
================================================================================
Tuesday: August 16:
6:15 AM (PCT) Futures: DJI -45 NASDAQ-30 Data Used for 8/15/2022
| |
Once again the DJI advanced after an early
loss. This drove our Closing Power
indicators to new new highs. Again there was no new
Peerless Sell to reverse
the still operative B8-B9 combination Buys we got nearly
4000 DJI points ago
back in June. And once again the key Peerless
indicators are all positive with
the A/D Line making a new high.
But at last the DJI
reached the resistance of its falling 200-day ma. That
could easily bring some weakness now for a day or
two. But that's all
we will likely see if there is a pull-back. The
breadth and momentum are
just too positive. The AROC reached 1.00 (100%)
on Monday. Without
a Peerless Sell, the odds are 85%+ that the DJI will
go higher. Looking
at Tables 1 and 3, we see the advance is still moving
up very broadly.
Note also that Gold (which represents inflation) is
falling bearishly away
from its falling 65-dma afer failing to surpass it.
The Dollar is in a firm up-
trend and rose today. And Commodities and Crude
Oil show head and shoulders
patterns. These suggest Inflation apart from
Housing and grocery store prices
are not still rising. And this should restrain
the FED from doing anything
to upset the market until mid-September
when they meet next.
Avoid the short
side. There are almost no bearish MINCPs. Leading
biotechs were strong. Last time this happened,
there was a slight
pull-back. VRTX has just made a classic
breakout into all-time high
territory. Watch it to see if it keeps rising.
This would be what
we would expect if the DJI and QQQ are going to keep
advancing. |
|
| |
August 15
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808115.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/8-15/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-15/BEARISH.htm |
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Table 1 QUICKSILVER on ETFS - 8/15/2022
Bullish = 8 SPY, QQQ, MDY, IWM, RETL, IBB, TECL, TAN
TRCL is highest at .428
Bearish = 1 DBO
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 339.37 1.54 327.91 164.8% Bullish BLUE .175 0 ----
---------------------------------------------------------------------------------------------
COMPQX 13128.05 80.86 12493.93 189.4% Bullish BLUE .195 .046 .241
---------------------------------------------------------------------------------------------
SPY 428.86 1.76 411.35 189.7% Bullish BLUE .283 .008 .291
---------------------------------------------------------------------------------------------
QQQ 333.06 2.67 317.08 190.8% Bullish BLUE .266 .04 .306
---------------------------------------------------------------------------------------------
MDY 478.05 .65 456.11 193.1% Bullish BLUE .262 .007 .269
---------------------------------------------------------------------------------------------
IWM 201.07 .71 190.19 211.5% Bullish BLUE .351 .045 .396
---------------------------------------------------------------------------------------------
FAS 89.24 .08 76.96 811.9% Bullish BLUE .251 -.027 .224
---------------------------------------------------------------------------------------------
RETL 13.15 .07 10.75 444.6% Bullish BLUE .157 .102 .259
---------------------------------------------------------------------------------------------
SOXL 21.78 .18 17.69 311.5% Bullish BLUE .331 -.189 .142
---------------------------------------------------------------------------------------------
TECL 46.15 .82 40.05 568.8% Bullish BLUE .336 .092 .428
---------------------------------------------------------------------------------------------
IBB 134.82 2.3 129.91 105.9% Bullish BLUE .209 .139 .348
---------------------------------------------------------------------------------------------
GLD 165.71 -2.16 167.2 -29.3% ------- RED -.018 -.069 -.087
---------------------------------------------------------------------------------------------
DBO 16.9 -.46 17 -31.9% Bullish BLUE -.107 -.172 -.279
---------------------------------------------------------------------------------------------
OIH 233.04 -9.78 228.71 145.2% ------- BLUE .179 -.233 -.054
---------------------------------------------------------------------------------------------
CPER 21.87 -.33 21.7 29.6% Bullish BLUE .053 -.228 -.175
---------------------------------------------------------------------------------------------
TAN 88.89 -.19 85.85 200.7% Bullish ---- .233 .18 .413
---------------------------------------------------------------------------------------------
UUP 28.5 .25 28.43 7.1% Bullish BLUE .176 .029 .205
---------------------------------------------------------------------------------------------
CORN 25.35 -.4 24.86 135.3% Bullish BLUE .09 -.1 -.01
---------------------------------------------------------------------------------------------
WEAT 8.32 -.05 8.22 36% Bullish BLUE .113 -.245 -.132
---------------------------------------------------------------------------------------------
YINN 66.92 -.96 64.46 88.3% Bullish BLUE .149 -.263 -.114
|
Table 2 Breadth Statistics
---------------------------------------
8/15/2022
DJIA 33912.44 151.39 0.45%
S&P 500 4297.14 16.99 0.40%
Nasdaq 13128.05 80.87 0.62%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,380 3,346 3,390
Advances 1,625 2,580 2,152
Declines 1,583 617 1,075
barely positive
Unchanged 172 149 163
New highs 61 56 38
New lows 19 24 18
Adv. volume* 337,364,248 658,799,199 575,443,372
Decl. volume* 383,981,645 87,883,075 257,246,406
Total volume* 734,600,296 752,856,320 839,717,043
Closing Arms (TRIN)† 1.14 0.66 0.90
Warning
Block trades* 3,833 3,838 4,424
Adv. volume 1,724,061,144 3,239,258,339 2,895,374,846
Decl. volume 1,919,688,093 510,490,672 1,308,761,955
Total volume 3,730,358,607 3,791,953,995 4,242,371,308
selling pressure
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,907 4,832 4,922
Advances 2,651 3,364 2,895
Declines 1,946 1,214 1,735
Unchanged 310 254 292
New highs 89 96 103
New lows 52 60 36
Bullish
Closing Arms (TRIN)† 0.73 0.76 0.90
Block trades 25,629 29,820 28,090
Adv. volume 2,830,297,973 3,709,840,887 3,343,807,292
Decl. volume 1,524,187,244 1,011,527,474 1,795,259,274
Total volume 4,440,123,130 4,761,851,834 5,179,325,542
-
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/15/22
Bullish = 42
Bearish = 7
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 1 1 .857 .571
MILITARY .961 .961 .884 .884 .73 .73
REGBANKS .96 .96 .96 .88 .64 .68
TRANSP .947 .894 .842 .789 .736 .789
HOMEBLDG .944 1 .944 .944 .722 .888
SOLAR .937 .937 .937 .937 .875 .875
AUTO .924 .905 .849 .83 .811 .849
BONDFUND .919 .919 .919 .931 .931 .919
HIGHPRIC .902 .89 .855 .863 .832 .843
GAMING .894 .842 .789 .789 .789 .842
GREEN .894 .894 .842 .842 .789 .789
UTILITY .894 .894 .868 .868 .815 .789
RETAIL .893 .893 .829 .702 .617 .744
SP500 .857 .857 .794 .776 .688 .708
======
NASD-100 .855 .835 .793 .783 .731 .762
======
REIT .853 .853 .83 .8 .769 .792
COMPUTER .85 .8 .75 .75 .6 .7
NIFTY .847 .826 .804 .804 .739 .804
DJI-13 .846 .846 .769 .692 .692 .692
JETS .846 .846 .692 .615 .538 .615
COAL .833 .833 .5 .333 .333 .333
SEMI .831 .831 .81 .831 .631 .821
FINANCE .829 .841 .817 .768 .658 .682
FIDSTKS .792 .816 .751 .704 .644 .633
ELECTRON .789 .796 .766 .751 .624 .751
SOFTWARE .785 .767 .75 .767 .678 .767
SP-100 .777 .8 .755 .7 .611 .533
DOWJONES .766 .833 .733 .666 .6 .6
=====
BIOTECH .765 .752 .71 .73 .663 .743
INSURANC .76 .76 .68 .52 .4 .24
HACKERS .75 .625 .625 .562 .5 .562
ETFS .745 .8 .672 .636 .309 .454
RUS-1000 .741 .741 .711 .678 .617 .65
CHEM .739 .739 .63 .565 .521 .543
INFRA .727 .757 .787 .787 .666 .666
INDEXES .718 .745 .729 .702 .654 .67
BEVERAGE .714 .714 .642 .714 .642 .5
MARIJUAN .7 .6 .4 .4 .5 .5
GUNS .692 .692 .615 .538 .461 .538
HOSPITAL .687 .687 .687 .687 .562 .562
INDMATER .652 .68 .638 .597 .513 .541
LOWPRICE .597 .579 .552 .539 .476 .555
===================================================================================================
OILGAS .49 .613 .584 .415 .33 .301
CHINA .4 .48 .46 .38 .38 .38
EDU .333 .166 .166 .166 .333 .333
COMODITY .307 .461 .333 .307 .205 .205
FOOD .306 .448 .306 .285 .183 .183
GOLD .26 .456 .239 .282 .26 .26
COPPER .125 .125 .125 .125 .125 .125
|
===================================================================================
Monday: August 15:
5:55 AM (PCT) Futures: DJI -154 NASDAQ-33 Data Used for 8/12/2022
| |
Peerless-2022 refuses to give a Sell Signal even
though the DJI is up nearly
4000 points from its Mid-June low and is within 150 points of
tagging its
falling 200-day ma. Note in the DJI chart below, the DJI
has now reached
a resistance-line that parallels its well-tested falling support
line. It is also 4%
over its 21-day ma. So, it is "over-bought".
Bouts of profit-taking must be
expected.
But breadth is still good. That A/D Line made another
recovery new high and
all of our key indicators on the DJI chart made a new high.
For all three big
indexes, the DJI-30, SP-500 and NASDAQ, more than 80% of their
components are above the 65-dma. Also, the DJI's upward
momentum -
its AROC - is now above 100%, making a downside reversal hard
without
the warnng first of a top pattern.
Still, their Closing Powers, as seen below did not make new highs
and
a much weaker close than today's opening would probably break
their rising
C.P. trends. This would be a short-term sell and call for a
small retreat. Presumably,
the steep price uptrends would be broken, too. Already the
Accumulation
Index uptrend-lines have been broken. A decline back to the
rising 21-day
ma of the DJI is as much of a decline as seems possible right
now.
But without a Peerless Sell, we can't suggest selling any of the
ETFs we've
had nice runs with. The odds still favor the DJI tagging
its 200-day ma.
And seasonality is mildly bullish. Since 1966, the DJI has
every fourth year
after - on 2nd years after a Presidential Election - risen on
average an
additional 1% over the next week and rises 64.3% of the time from
Friday's close. After that, there is a mild
subsidence and the DJI can only
be said to be up 57.1% with no more average gain over the next
month. This
warns us that there is not a lot of upside left for the DJI.
But the tech stocks
and QQQ may still say strong. That is what I expect.
Consider then inflation-
plays.
Breadth has been excellent of late. There are very few good
short sales.
And Fed Chairman Powell seems to be enjoying his August break.
So, I
suggest holding long positions a while longer and still avoiding
the short side.
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August 12
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808112.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-12/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-12/BEARISH.htm |
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Table 1 QUICKSILVER on ETFS - 8/11/2022
Bullish = 8 SPY, QQQ, MDY, IWM, RETL, IBB, TECL, TAN
TAN is highest at .526
Bearish = 1 DBO
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
-------------------------------------------------------------------------------------------------
DIA 337.83 4.12 328.42 149.3% Bullish BLUE .195 ===== =====
---------------------------------------------------------------------------------------------
COMPQX 13047.19 267.28 12644.46 153.6% Bullish BLUE .188 .059 .247
---------------------------------------------------------------------------------------------
SPY 427.1 7.11 412.99 164% Bullish BLUE .301 .014 .315
---------------------------------------------------------------------------------------------
QQQ 330.39 6.31 320.71 134.2% Bullish BLUE .288 .051 .339
---------------------------------------------------------------------------------------------
MDY 477.4 7.38 460.05 221.1% Bullish BLUE .272 .019 .291
---------------------------------------------------------------------------------------------
IWM 200.36 4.01 192.82 247.5% Bullish BLUE .368 .059 .427
---------------------------------------------------------------------------------------------
FAS 89.16 4.1 75.94 814.4% Bullish BLUE .268 .01 .278
---------------------------------------------------------------------------------------------
RETL 13.08 .61 12.08 944.3% Bullish BLUE .222 .186 .408
---------------------------------------------------------------------------------------------
SOXL 21.6 1.82 20.54 10.1% Bullish BLUE .351 -.118 .233
---------------------------------------------------------------------------------------------
TECL 45.33 2.59 41.31 350.4% Bullish BLUE .354 .142 .496
---------------------------------------------------------------------------------------------
IBB 132.52 1.23 132.03 41.1% Bullish BLUE .216 .119 .335
---------------------------------------------------------------------------------------------
GLD 167.87 1.53 166.69 77.5% Bullish BLUE .03 -.054 -.024
---------------------------------------------------------------------------------------------
DBO 17.36 -.28 17.01 240.1% ------- RED -.126 -.14 -.266
---------------------------------------------------------------------------------------------
OIH 242.82 3.38 226.26 383.1% Bullish BLUE .173 -.218 -.045
---------------------------------------------------------------------------------------------
CPER 22.2 -.08 21.74 144.1% Bullish BLUE .032 -.182 -.15
---------------------------------------------------------------------------------------------
TAN 89.08 1.15 85.37 248.2% Bullish BLUE .286 .24 .526
---------------------------------------------------------------------------------------------
UUP 28.25 .11 28.46 -44.1% ------- ---- .112 .001 .113
---------------------------------------------------------------------------------------------
CORN 25.75 .41 24.67 214.7% Bullish BLUE .094 -.091 .003
---------------------------------------------------------------------------------------------
WEAT 8.37 -.06 8.26 126.7% ------- ---- .086 -.231 -.145
---------------------------------------------------------------------------------------------
YINN 67.88 1.05 65.76 25.2% Bullish BLUE .186 -.192 -.006
|
Table 2 Breadth Statistics
---------------------------------------
8/12/2022
DJIA 33761.05 424.38 1.27%
S&P 500 4280.15 72.88 1.73%
Nasdaq 13047.19 267.27 2.09%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,346 3,370 3,367
Advances 2,580 1,900 1,528
Declines 617 1,296 1,685
Unchanged 149 174 154
New highs 56 57 27
New lows 24 28 46
Bullish
Adv. volume* 658,799,199 536,431,243 507,699,250
Decl. volume* 87,883,075 306,025,740 299,505,360
Total volume* 752,856,320 853,956,240 818,671,319
Closing Arms (TRIN)† 0.66 0.88 0.52
Block trades* 3,838 4,345 4,370
Adv. volume 3,239,258,339 2,861,163,874 2,572,891,418
Decl. volume 510,490,672 1,721,541,978 1,470,858,404
Total volume 3,791,953,995 4,660,509,977 4,097,836,411
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,832 4,901 4,842
Advances 3,364 2,549 2,544
Declines 1,214 2,046 2,024
Unchanged 254 306 274
New highs 96 84 68
New lows 60 46 66
Bullish
Closing Arms (TRIN)† 0.76 0.96 1.00
Block trades 29,820 40,690 27,135
Adv. volume 3,709,840,887 3,240,193,507 2,693,186,539
Decl. volume 1,011,527,474 2,508,959,253 2,145,349,632
Total volume 4,761,851,834 5,792,834,489 4,882,377,075
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/12/22
Bullish = 43
Bearish = 6
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 1 .857 .571 .857
HOMEBLDG 1 .944 .944 .722 .888 .833
MILITARY .961 .884 .884 .73 .73 .73
REGBANKS .96 .96 .88 .64 .68 .64
SOLAR .937 .937 .937 .875 .875 .875
BONDFUND .919 .919 .931 .931 .931 .908
AUTO .905 .849 .83 .811 .849 .83
GREEN .894 .842 .842 .789 .789 .736
UTILITY .894 .868 .868 .815 .789 .815
TRANSP .894 .842 .789 .736 .789 .789
RETAIL .893 .829 .702 .617 .744 .617
HIGHPRIC .89 .855 .863 .832 .843 .839
SP500 .857 .794 .776 .686 .708 .674
=====
REIT .853 .823 .807 .776 .784 .723
DJI-13 .846 .769 .692 .692 .692 .692
JETS .846 .692 .615 .538 .615 .692
GAMING .842 .789 .736 .842 .842 .736
FINANCE .841 .817 .768 .646 .67 .658
NASD-100 .835 .793 .773 .731 .762 .783
=====
COAL .833 .5 .333 .333 .333 .333
DOWJONES .833 .733 .666 .6 .6 .566
=====
SEMI .831 .81 .831 .631 .81 .842
NIFTY .826 .804 .782 .739 .804 .826
FIDSTKS .816 .751 .704 .644 .633 .627
COMPUTER .8 .75 .75 .6 .7 .65
ETFS .8 .672 .636 .309 .472 .345
SP-100 .8 .755 .7 .611 .533 .555
ELECTRON .796 .766 .751 .624 .744 .766
SOFTWARE .767 .767 .767 .678 .75 .767
INSURANC .76 .68 .52 .4 .24 .24
INFRA .757 .787 .787 .666 .666 .636
BIOTECH .752 .707 .732 .663 .735 .732
RUS-1000 .741 .713 .678 .62 .64 .605
CHEM .739 .63 .586 .5 .543 .434
INDEXES .735 .729 .702 .654 .664 .632
BEVERAGE .714 .642 .714 .642 .5 .571
GUNS .692 .615 .538 .461 .538 .538
HOSPITAL .687 .687 .687 .562 .562 .5
INDMATER .68 .638 .597 .513 .527 .486
HACKERS .625 .625 .562 .5 .562 .562
OILGAS .613 .584 .415 .33 .311 .264
MARIJUAN .6 .4 .4 .5 .5 .5
LOWPRICE .582 .552 .539 .476 .544 .518
===============================================================================================
CHINA .48 .46 .38 .38 .38 .42
COMODITY .461 .333 .307 .205 .205 .205
GOLD .456 .239 .282 .26 .26 .217
======
FOOD .448 .306 .285 .183 .183 .183
EDU .166 .166 .166 .333 .333 .333
COPPER .125 .125 .125 .125 .125 0
|
===================================================================================
Friday: August
12: 5:53 AM (PCT) Futures: DJI +110 NASDAQ+49
Data Used for 8/11/2022
| |
The market's rally continues.
Peerless remains on Buys. Breadth has been excellent.
The A/D Line made another recovery new high. There
were more new highs than
lows. There are not many Bearish MINCPs to sell
short, if we wanted to sell short,
which we do not. Only a few stock groups in Table 3
have more stocks below their
65-dma. Momentum up is good. Overhead resistance just
keeps being chewed up
and prices go higher. The DJI is coming closer to its
falling 200-day ma just under
34,000 or 600 points higher. All our key Peerless
Indicators are positive, but the
IP21-Accumulation Index did drop below its 21-dma.
This last item will not be
a problem until upwards momentum becomes much weaker.
Why the rally? The upward Momentum now is
self-sustaining as bears capitulate.
The FED is on vacation and Powell is silent.
Interest rates are so far behind inflation,
investors are bound to keep buying stocks to try to
stay ahead of inflation, especially
since the increase in rates leaves the 10-year bond
alternative to stocks at below
3% still. Most important, such rates are not
seriously slowing the economy. Folks
know to buy many items now, before their prices go up
even more. (Housing may
be an exception to this.)
All this is quite bullish. But there is one
problem in the making. The gains are
now being made at the openings, not by Professional
buying during the day.
We see this in the broken Closing Power uptrends
below for DIA, SPY,
QQQ and TECL. Fortunately, their 21-day ma are still
rising. So, this may not
be significant. After a big bullish Closing Power
divergence like we have just seen.
positive net Public and Overseas buying and weakening
CLosing Power does
not cause much of a market decline.
Bank stocks are now aboard the rally. This will
help keep it going until
the DJI forms a small top pattern near such
resistance as its 200-day ma.
So, avoid the short side. I would think that
the Public will be forced
buy rising prices this Friday to push the opening up
Monday in what may
be a buying climax. But that is just conjecture
for now. Peerless has been
correctly bullish in here. Let's not fight it,
the upward momentum and the
excellent breadth. And let's hope Powell
continues to have nothing to say.
Inflation continues. Thursday's Producer Price Index
(which can lead the CPI)
was reported to have declined in July. Lost in the
celebration was the fact that it
still is up 9.6% over a year ago. One month does not
make a trend. The Fed also
will watch for wage-based inflation. That also fell
in July as real wages fell 2.7%
and productivity fell 2.5%. We must watch oil and gas
stocks especially closely.
They have had their sell-off. Now they are
recovering. The Fed will have more
inflation to cope with when it comes back from vacation.
|
|
| |
August
11
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD808111.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-11/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-11/BEARISH.htm |
|
 |
Closing Power uptrend has been broken.
 |
Steep Closing Power uptrend-line has been broken.
 |
Steep Closing Power uptrend-line has been
broken.
 |
Steep Closing Power uptrend-line has been broken.
 |
Steep Closing Power uptrend-line has been broken.
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 8/11/2022
Bullish = 9 COMPQX, SPY, QQQ, MDY, IWM, RETL, IBB, TECL, TAN
TAN is highest at .509
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 333.71 .51 327.97 96.5% Bullish RED .194 ---- -------
---------------------------------------------------------------------------------------------
COMPQX 12779.91 -74.9 12657.56 23.4% Bullish RED .285 .047 .332
---------------------------------------------------------------------------------------------
SPY 419.99 0 413.47 70.2% Bullish RED .3 .006 .306
---------------------------------------------------------------------------------------------
QQQ 324.08 -1.85 321.75 -5% Bullish RED .293 .041 .334
---------------------------------------------------------------------------------------------
MDY 470.02 2.67 456.97 169.4% Bullish RED .278 .013 .291
---------------------------------------------------------------------------------------------
IWM 196.35 .73 190.8 182.5% Bullish RED .359 .049 .408
---------------------------------------------------------------------------------------------
FAS 85.06 2.63 76.24 681.8% Bullish BLUE .258 -.067 .191
---------------------------------------------------------------------------------------------
RETL 12.47 .68 10.89 833.2% Bullish BLUE .197 .087 .284
---------------------------------------------------------------------------------------------
SOXL 19.78 -.13 21.56 -562.5% Bullish RED .354 -.215 .139
---------------------------------------------------------------------------------------------
TECL 42.74 -.55 42.39 7.2% Bullish RED .356 .082 .438
---------------------------------------------------------------------------------------------
IBB 131.29 -1.75 131.44 42.3% Bullish RED .188 .115 .303
---------------------------------------------------------------------------------------------
GLD 166.34 -.44 165.29 -24.9% ------- RED .029 -.039 -.01
---------------------------------------------------------------------------------------------
DBO 17.64 .44 16.54 323.3% Bullish BLUE -.066 -.104 -.17
---------------------------------------------------------------------------------------------
OIH 239.44 9.35 225.2 439.7% Bullish BLUE .189 -.195 -.006
---------------------------------------------------------------------------------------------
CPER 22.28 .28 21.57 272.9% Bullish ---- .045 -.153 -.108
---------------------------------------------------------------------------------------------
TAN 87.93 -2.2 84.77 260.1% Bullish RED .283 .226 .509
---------------------------------------------------------------------------------------------
UUP 28.14 .02 28.5 -21.2% Bearish BLUE .109 .024 .133
---------------------------------------------------------------------------------------------
CORN 25.34 .32 24.68 163.6% Bullish BLUE .069 -.113 -.044
---------------------------------------------------------------------------------------------
WEAT 8.43 .05 8.16 133.4% ------- ---- -.002 -.242 -.244
---------------------------------------------------------------------------------------------
YINN 66.83 3.44 67.55 -219.9% ------- BLUE .155 -.213 -.058
|
Table 2 Breadth Statistics
---------------------------------------
8/11/2022
DJIA 33336.67 27.16 0.08%
S&P 500 4207.27 -2.97 -0.07%
Nasdaq 12779.91 -74.89 -0.58%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,370 3,393 3,373
Advances 1,900 2,751 1,523
Declines 1,296 512 1,670
Unchanged 174 130 180
New highs 57 61 29
New lows 28 23 37
Bullish
Adv. volume* 536,431,243 821,543,849 367,138,660
Decl. volume* 306,025,740 67,768,410 494,987,408
Total volume* 853,956,240 902,035,366 873,106,209
Closing Arms (TRIN)† 0.88 0.44 1.10
Block trades* 4,345 4,706 4,416
Adv. volume 2,861,163,874 4,135,812,066 1,935,667,381
Decl. volume 1,721,541,978 341,260,516 2,331,490,324
more big almost no big
selling selling
Total volume 4,660,509,977 4,556,621,719 4,309,967,467
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,901 4,928 4,849
Advances 2,549 3,555 2,659
Declines 2,046 1,073 1,905
Unchanged 306 300 285
New highs 84 69 68
New lows 46 78 50
Bullish
Closing Arms (TRIN)† 0.96 0.56 0.65
Block trades 40,690 30,445 33,466
Adv. volume 3,240,193,507 4,324,067,910 3,599,088,536
Decl. volume 2,508,959,253 731,113,654 1,685,384,699
Total volume 5,792,834,489 5,129,923,349 5,401,703,287
|
Table 3
Bullish = 41
Bearish = 7 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/11/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 1 .857 .571 .714 .714
REGBANKS .96 .88 .64 .68 .64 .64
HOMEBLDG .944 .944 .722 .888 .833 .833
SOLAR .937 .937 .875 .875 .875 .875
BONDFUND .919 .931 .931 .931 .919 .931
MILITARY .884 .884 .73 .73 .73 .73
UTILITY .868 .868 .815 .789 .815 .815
HIGHPRIC .855 .863 .832 .843 .835 .851
AUTO .849 .83 .811 .849 .811 .83
GREEN .842 .842 .789 .789 .736 .842
TRANSP .842 .789 .736 .789 .789 .631
RETAIL .829 .702 .617 .744 .595 .595
REIT .823 .8 .784 .792 .7 .7
FINANCE .817 .768 .646 .658 .658 .609
SEMI .81 .831 .631 .81 .831 .842
NIFTY .804 .782 .717 .804 .826 .847
SP500 .794 .776 .686 .706 .665 .653
NASD-100 .793 .773 .721 .762 .783 .814
=====
GAMING .789 .736 .789 .894 .736 .789
INFRA .787 .787 .666 .666 .636 .636
DJI-13 .769 .692 .692 .692 .692 .692
SOFTWARE .767 .785 .678 .75 .767 .767
ELECTRON .766 .751 .624 .744 .759 .774
SP-100 .755 .7 .611 .533 .544 .544
FIDSTKS .751 .704 .644 .633 .621 .627
COMPUTER .75 .75 .6 .7 .65 .7
DOWJONES .733 .666 .6 .6 .566 .566
=====
INDEXES .729 .702 .654 .664 .632 .632
RUS-1000 .713 .681 .62 .643 .589 .577
BIOTECH .707 .73 .666 .735 .719 .685
JETS .692 .615 .538 .615 .692 .615
HOSPITAL .687 .687 .562 .562 .5 .437
INSURANC .68 .52 .4 .24 .24 .24
ETFS .672 .636 .309 .472 .363 .381
BEVERAGE .642 .714 .642 .5 .571 .642
INDMATER .638 .597 .513 .527 .472 .486
CHEM .63 .586 .521 .521 .434 .478
HACKERS .625 .562 .5 .562 .562 .562
GUNS .615 .538 .461 .538 .538 .538
OILGAS .584 .415 .33 .311 .264 .245
LOWPRICE .555 .539 .476 .544 .513 .507
---------------------------------------------------------------------------
COAL .5 .333 .333 .333 .333 .333
---------------------------------------------------------------------------
CHINA .46 .38 .38 .38 .44 .4
MARIJUAN .4 .4 .5 .5 .5 .4
COMODITY .333 .307 .205 .205 .205 .205
FOOD .306 .285 .183 .183 .183 .183
GOLD .239 .282 .26 .26 .217 .195
EDU .166 .166 .333 .333 .333 .5
COPPER .125 .125 .125 .125 0 .125
|
====================================================================================
Thursday: August
11: 5:57 AM (PCT) Futures: DJI +174 NASDAQ+166
Data Used for 8/10/2022
| |
Enjoy the rally. Stock prices keep
rising and eating up the overhead resistance.
Wednesday's CPI number showed no increase in the yearly rate of
inflation. The
market took that as a very bullish sign. Imagine what
it would have done if the
yearly change in the CPI had actually fallen. I
suspect it is what is happening to
oil and gas prices (fuels) that Wall Street is concerned
about most. Be that as it
may, we saw a superb rally on Wednesday. The
Semi-Conductors which I expressed
concern about on Tuesday, completely reversed themselves.
That allowed QQQ
to run right back up to its recovery highs. With the
futures up this morning, it appears
that QQQ will break out and join DIA, SPY and IWM in making
more new highs.
Watch to see if financials (FAS) also breaks out above the
resistance line shown
below.
The Peerless Buys and rising Closing Power 21-day ma are
all intact. Up volume
was very high today. The NYSE A/D Line easily
made another new high. Looking
at Tables 1 and 3, we see the heavy preponderance of
bullish ETFs and stock groupings
with a majority of their stocks above he key 65-dma.
This tells us to enjoy the rally.
Avoid the short side. Continue to hold QQQ long.
SPY and DIA are doing just
as well.
The FED is on vacation. It is unlikely that they will
spoil our bullish party. Short-term
rates even obliged bulls by falling today.
|
|
| |
August
10
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80810.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-10/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-10/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 8/10/2022
Bullish = 9 COMPQX, SPY, QQQ, MDY, IWM, RETL, IBB, TECL, TAN
TAN is highest at .593
Bearish = 1 WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 333.2 5.29 327.36 76.8% Bullish BLUE .222 0 ----
---------------------------------------------------------------------------------------------
COMPQX 12854.81 360.88 12720.58 73.9% Bullish BLUE .258 .056 .314
---------------------------------------------------------------------------------------------
SPY 419.99 8.64 414.17 67% Bullish BLUE .335 .008 .343
---------------------------------------------------------------------------------------------
QQQ 325.93 8.85 324.4 47.3% Bullish BLUE .343 .051 .394
---------------------------------------------------------------------------------------------
MDY 467.35 11.24 454.47 102.8% Bullish BLUE .348 .004 .352
---------------------------------------------------------------------------------------------
IWM 195.62 5.43 189.35 154% Bullish BLUE .424 .039 .463
---------------------------------------------------------------------------------------------
FAS 82.43 5.47 74.53 467.7% Bullish BLUE .291 -.1 .191
---------------------------------------------------------------------------------------------
RETL 11.79 1.04 10.6 518.5% Bullish BLUE .287 -.029 .258
---------------------------------------------------------------------------------------------
SOXL 19.91 2.22 22.07 -396.5% Bullish BLUE .43 -.215 .215
---------------------------------------------------------------------------------------------
TECL 43.29 3.24 42.68 137.8% Bullish BLUE .416 .08 .496
---------------------------------------------------------------------------------------------
IBB 133.04 3.13 130.18 219.3% Bullish BLUE .251 .11 .361
---------------------------------------------------------------------------------------------
GLD 166.78 -.42 167.17 70.1% ------- RED .078 -.039 .039
---------------------------------------------------------------------------------------------
DBO 17.2 .2 16.55 50.5% Bullish BLUE -.069 -.12 -.189
---------------------------------------------------------------------------------------------
OIH 230.09 1.38 219.57 -39.8% ------- BLUE .151 -.239 -.088
---------------------------------------------------------------------------------------------
CPER 22 .3 21.1 226.3% Bullish ---- .128 -.163 -.035
---------------------------------------------------------------------------------------------
TAN 90.13 4.28 83.46 496.2% Bullish BLUE .332 .261 .593
---------------------------------------------------------------------------------------------
UUP 28.12 -.31 28.26 -56.3% Bearish ---- .073 .032 .105
---------------------------------------------------------------------------------------------
CORN 25.02 .16 24.53 174.9% Bullish RED .062 -.137 -.075
---------------------------------------------------------------------------------------------
WEAT 8.38 .16 8.21 201.7% ------- ---- -.028 -.28 -.308
---------------------------------------------------------------------------------------------
YINN 63.39 -1.07 69.74 -249.8% Bullish BLUE .2 -.182 .018
|
Table 2 Breadth Statistics
---------------------------------------
8/10/2022
Last Chg %Chg
DJIA 33309.51 535.10 1.63%
S&P 500 4210.24 87.77 2.13%
Nasdaq 12854.80 360.88 2.89%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,393 3,416 3,424
Advances 2,751 1,138 2,242
Declines 512 2,071 973
Unchanged 130 207 209
New highs 61 26 25
New lows 23 58 36
Bullish
Adv. volume* 821,543,849 340,359,547 565,239,435
Decl. volume* 67,768,410 465,814,418 286,870,369
Total volume* 902,035,366 816,148,516 859,347,376
-----------
Closing Arms (TRIN)† 0.44 0.85 1.16
Block trades* 4,706 4,151 4,128
Adv. volume 4,135,812,066 1,533,964,468 2,895,846,696
Decl. volume 341,260,516 2,361,233,498 1,463,158,536
----------
Total volume 4,556,621,719 3,946,888,395 4,392,262,026
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,928 4,992 4,996
Advances 3,555 1,364 3,371
Declines 1,073 3,281 1,303
Unchanged 300 347 322
New highs 69 47 54
New lows 78 96 57
Closing Arms (TRIN)† 0.56 1.32 0.67
Block trades 30,445 34,280 33,622
Adv. volume 4,324,067,910 1,250,715,210 4,465,656,972
Decl. volume 731,113,654 3,985,301,638 1,148,413,017
Total volume 5,129,923,349 5,272,408,546 5,645,140,576
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/10/22
Bullish = 40
Bearish = 9
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BIGBANKS 1 .857 .571 .714 .714 .714
HOMEBLDG .944 .722 .888 .833 .833 .777
SOLAR .937 .875 .875 .875 .875 .875
BONDFUND .931 .931 .931 .919 .942 .919
MILITARY .884 .73 .73 .73 .73 .807
REGBANKS .88 .64 .68 .64 .64 .68
UTILITY .868 .815 .789 .815 .815 .763
HIGHPRIC .863 .832 .843 .835 .851 .859
GREEN .842 .789 .789 .736 .842 .789
SEMI .831 .631 .81 .831 .831 .842
AUTO .83 .811 .849 .811 .83 .849
REIT .8 .776 .8 .707 .684 .73
TRANSP .789 .736 .789 .789 .631 .736
INFRA .787 .666 .666 .636 .636 .636
SOFTWARE .785 .696 .75 .767 .75 .785
NIFTY .782 .717 .782 .826 .847 .847
SP500 .776 .686 .706 .663 .655 .682
=====
NASD-100 .773 .721 .752 .783 .814 .793
=====
FINANCE .768 .646 .658 .646 .609 .646
ELECTRON .751 .624 .744 .759 .766 .759
COMPUTER .75 .6 .7 .65 .7 .65
GAMING .736 .789 .842 .789 .789 .789
BIOTECH .73 .663 .738 .719 .68 .636
BEVERAGE .714 .642 .5 .571 .642 .642
FIDSTKS .704 .644 .633 .621 .627 .633
INDEXES .702 .654 .664 .632 .621 .637
RETAIL .702 .617 .744 .595 .595 .617
SP-100 .7 .611 .533 .544 .544 .6
DJI-13 .692 .692 .692 .692 .692 .692
HOSPITAL .687 .562 .562 .5 .437 .437
RUS-1000 .681 .622 .643 .592 .577 .584
DOWJONES .666 .6 .6 .566 .566 .6
=====
ETFS .636 .309 .472 .363 .4 .327
JETS .615 .538 .615 .692 .615 .692
INDMATER .597 .513 .527 .472 .486 .472
CHEM .586 .521 .543 .413 .5 .478
HACKERS .562 .5 .562 .562 .562 .687
LOWPRICE .542 .476 .544 .513 .494 .447
GUNS .538 .461 .538 .538 .538 .615
INSURANC .52 .4 .24 .24 .24 .2
=================================================================================================
OILGAS .415 .33 .311 .264 .254 .33
MARIJUAN .4 .5 .5 .5 .3 .5
CHINA .38 .38 .38 .44 .4 .38
COAL .333 .333 .333 .333 .333 .333
COMODITY .307 .205 .205 .205 .205 .179
FOOD .285 .183 .183 .183 .183 .163
GOLD .282 .26 .26 .217 .195 .108
EDU .166 .333 .333 .333 .5 .666
COPPER .125 .125 .125 0 .125 .125
|
====================================================================================
Wednesday:
August 10: 6:02 AM (PCT) Futures: DJI +433 NASDAQ+233
Data Used for 8/9/2022
| |
What a relief! the CPI inflation rate this morning was
unchanged. I was afraid it could be
above 10%. Apparently others are equally happy and we
see a big jump up in futures.
Oil and gas prices fell, though rents, medical expenses and food
did not. How the
market handled this news was so much better than a month ago.
The difference is
that the technical strength of the market is much greater now.
Note the rising A/D Line,
the Peerless Buys and the rising Closing Power 21-day moving
averages.
But there is a problem. And it means we will have to be
sellers of QQQ on the next
rally. The problem is the weakness today in
semi-conductors. They often lead the
market. Intel made a 12-month low. I also note the
potential bearishness in the trend-
break in the DJI's Accumulation Index.
Let's see how NY traders react to the CP number. For
now, any retreat should be
minor and we should avoid the short side. |
|
| |
August
9
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80809.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-9/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-9/BEARISH.htm
|
|
 |
 
|
 |
 |
 |
 |
| Semi-conductors faltered today |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 8/9/2022
Bullish = 8 COMPQX, SPY, QQQ, MDY, IWM, IBB, TECL, TAN
TAN is highest at .468
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 327.91 -.51 328.16 59.1% Bullish RED .187 0 ----
---------------------------------------------------------------------------------------------
COMPQX 12493.93 -150.53 12668.16 57.6% Bullish RED .249 .06 .309
---------------------------------------------------------------------------------------------
SPY 411.35 -1.64 414.45 39.9% Bullish RED .268 .01 .278
---------------------------------------------------------------------------------------------
QQQ 317.08 -3.63 322.89 42.9% Bullish RED .276 .055 .331
---------------------------------------------------------------------------------------------
MDY 456.11 -3.94 457.95 24.1% Bullish RED .297 .002 .299
---------------------------------------------------------------------------------------------
IWM 190.19 -2.63 189.75 84% Bullish RED .369 .036 .405
---------------------------------------------------------------------------------------------
FAS 76.96 1.02 75.34 324.1% Bullish BLUE .241 -.117 .124
---------------------------------------------------------------------------------------------
RETL 10.75 -1.33 10.65 434.9% Bullish RED .286 -.066 .22
---------------------------------------------------------------------------------------------
SOXL 17.69 -2.85 21.55 -527.7% Bullish RED .38 -.22 .16
---------------------------------------------------------------------------------------------
TECL 40.05 -1.26 42.14 119.2% Bullish RED .352 .099 .451
---------------------------------------------------------------------------------------------
IBB 129.91 -2.12 127.33 282.8% Bullish RED .22 .117 .337
---------------------------------------------------------------------------------------------
GLD 167.2 .51 164.45 95.1% ------- RED .071 -.037 .034
---------------------------------------------------------------------------------------------
DBO 17 -.01 17.03 -150.6% Bearish RED -.153 -.124 -.277
---------------------------------------------------------------------------------------------
OIH 228.71 2.45 231.89 -203.3% ------- RED .108 -.231 -.123
---------------------------------------------------------------------------------------------
CPER 21.7 -.04 21.03 152.6% Bullish RED .008 -.165 -.157
---------------------------------------------------------------------------------------------
TAN 85.85 .48 81.77 100.1% Bullish BLUE .241 .227 .468
---------------------------------------------------------------------------------------------
UUP 28.43 -.03 28.44 12.3% Bearish BLUE .045 .04 .085
---------------------------------------------------------------------------------------------
CORN 24.86 .19 24.16 167.9% Bearish RED .001 -.131 -.13
---------------------------------------------------------------------------------------------
WEAT 8.22 -.04 8.05 79.7% ------- RED -.085 -.28 -.365
---------------------------------------------------------------------------------------------
YINN 64.46 -1.3 66.73 -55.2% ------- RED .165 -.15 .015
|
Table 2 Breadth Statistics
---------------------------------------
8/9/2022
DJIA 32774.41 -58.13 -0.18%
S&P 500 4122.47 -17.59 -0.42%
Nasdaq 12493.93 -150.53 -1.19%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,416 3,390 3,387
Advances 1,138 2,152 1,449
Declines 2,071 1,075 1,753
Unchanged 207 163 185
New highs 26 38 35
New lows 58 18 32
Adv. volume* 340,359,547 575,443,372 327,512,439
Decl. volume* 465,814,418 257,246,406 548,186,103
Total volume* 816,148,516 839,717,043 887,019,730
Closing Arms (TRIN)† 0.85 0.90 0.94
Block trades* 4,151 4,424 4,605
Adv. volume 1,533,964,468 2,895,374,846 2,194,159,256
Decl. volume 2,361,233,498 1,308,761,955 2,490,629,021
Total volume 3,946,888,395 4,242,371,308 4,776,863,670
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,992 4,922 4,858
Advances 1,364 2,895 2,338
Declines 3,281 1,735 2,209
Unchanged 347 292 311
New highs 47 103 52
New lows 96 36 94
Closing Arms (TRIN)† 1.32 0.90 0.58
Block trades 34,280 28,090 26,406
Adv. volume 1,250,715,210 3,343,807,292 3,039,775,133
Decl. volume 3,985,301,638 1,795,259,274 1,655,968,543
Total volume 5,272,408,546 5,179,325,542 4,737,655,832
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/9/22
Bullish = 35
Bearish = 12
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .931 .931 .919 .942 .931 .908
SOLAR .875 .875 .875 .875 .875 .812
BIGBANKS .857 .571 .714 .714 .714 .571
HIGHPRIC .832 .843 .835 .851 .851 .796
UTILITY .815 .789 .815 .815 .736 .789
AUTO .811 .849 .811 .83 .849 .811
GAMING .789 .842 .736 .842 .789 .736
GREEN .789 .789 .736 .842 .789 .789
REIT .776 .792 .715 .692 .723 .7
TRANSP .736 .789 .789 .631 .684 .631
MILITARY .73 .73 .73 .73 .807 .846
HOMEBLDG .722 .888 .833 .833 .777 .722
NASD-100 .721 .752 .773 .814 .793 .731
NIFTY .717 .782 .804 .847 .847 .804
SOFTWARE .696 .767 .767 .75 .785 .678
DJI-13 .692 .692 .692 .692 .692 .615
SP500 .686 .706 .663 .653 .678 .633
INFRA .666 .666 .636 .636 .636 .606
BIOTECH .663 .735 .721 .68 .63 .595
INDEXES .654 .664 .632 .621 .632 .627
FINANCE .646 .658 .646 .597 .646 .573
FIDSTKS .644 .633 .621 .627 .621 .579
BEVERAGE .642 .5 .571 .642 .642 .642
REGBANKS .64 .68 .64 .64 .68 .72
SEMI .631 .81 .831 .831 .831 .778
-------------------
ELECTRON .624 .744 .759 .766 .751 .744
RUS-1000 .622 .645 .592 .579 .579 .539
RETAIL .617 .744 .595 .595 .617 .468
SP-100 .611 .533 .544 .544 .6 .533
COMPUTER .6 .7 .65 .7 .65 .55
DOWJONES .6 .6 .566 .566 .6 .533
HOSPITAL .562 .562 .5 .437 .437 .437
JETS .538 .615 .692 .615 .615 .538
CHEM .521 .543 .434 .478 .478 .456
INDMATER .513 .527 .472 .486 .458 .444
================================================================================================
HACKERS .5 .562 .562 .562 .687 .437
MARIJUAN .5 .5 .5 .3 .4 .5
================================================================================================
LOWPRICE .478 .544 .513 .494 .441 .388
GUNS .461 .538 .538 .538 .615 .615
INSURANC .4 .24 .24 .24 .2 .2
CHINA .38 .38 .44 .4 .38 .34
COAL .333 .333 .333 .333 .333 .333
EDU .333 .333 .333 .5 .666 .5
OILGAS .33 .311 .264 .254 .33 .452
ETFS .309 .472 .363 .4 .327 .2
GOLD .26 .26 .217 .195 .108 .108
COMODITY .205 .205 .205 .205 .179 .179
FOOD .183 .183 .183 .183 .163 .163
COPPER .125 .125 0 .125 .125 .125
|
====================================================================================
Tuesday: August 9: 6:02 AM (PCT) Futures: DJI -33 NASDAQ -88 Data
Used for 8/8/2022
| |
The DJI reached its 50%
retracement level on its full yearly chart. Profit taking from
this and fears about what tomorrow's CPI
numbers will bring are preventing prices
from advancing. The 2006 version of
Peerless would have us sell. But the 2021 Peerless
shows no sells.
The Closing Powers are all rising for the key
ETFS. There are more new highs than
lows on the NYSE and NASDAQ. 68% of all
the stocks we follow are now back
above their 65-dma. The NYSE A/D Line is
rising. 10 major ETFS are rated "bullish";
None bearish. And the bearish MINCPs are
very, very few.
All this tells us to ride out the next few
days' decline. Any retreat should be shallow.
And it may well be, as suggested here previously,
that Inflation news is bullish in the
sense that the stock market now is offering a
good way to beat inflation. I would not
be saying this if the FED were aggressively
raising rates. But it is not. The gap between
the 10-year bond rate of interest and the CPI
is >5%+. Folks are buying stocks now
because of inflation fears, not despite
inflation...
. |
|
| |
August
8
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80808.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-8/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-8/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 8/5/2022
Bullish = 10 COMPQX, SPY, QQQ, MDY, IWM, RETL, SOXL, IBB, TECL, TAN
TECL is highest at .534
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 328.42 .45 324.04 5.8% Bullish RED .163 === ===
---------------------------------------------------------------------------------------------
COMPQX 12644.46 -13.1 12348.76 109.7% Bullish RED .255 .084 .339
---------------------------------------------------------------------------------------------
SPY 412.99 -.48 408.06 26.9% Bullish RED .247 .017 .264
---------------------------------------------------------------------------------------------
QQQ 320.71 -1.04 314.33 85.1% Bullish RED .245 .079 .324
---------------------------------------------------------------------------------------------
MDY 460.05 3.08 453.91 18.8% Bullish BLUE .285 .016 .301
---------------------------------------------------------------------------------------------
IWM 192.82 2.02 187 149.4% Bullish BLUE .346 .057 .403
---------------------------------------------------------------------------------------------
FAS 75.94 -.3 72.11 85.1% Bullish RED .221 -.083 .138
---------------------------------------------------------------------------------------------
RETL 12.08 1.19 9.81 946% Bullish BLUE .327 .185 .512
---------------------------------------------------------------------------------------------
SOXL 20.54 -1.02 19.92 126.1% Bullish RED .385 -.005 .38
---------------------------------------------------------------------------------------------
TECL 41.31 -1.08 39.06 171% Bullish RED .335 .199 .534
---------------------------------------------------------------------------------------------
IBB 132.03 .59 122.63 384.9% Bullish BLUE .205 .128 .333
---------------------------------------------------------------------------------------------
GLD 166.69 1.4 164.05 50.2% Bullish BLUE .044 -.059 -.015
---------------------------------------------------------------------------------------------
DBO 17.01 .47 17.51 -91.2% Bearish BLUE -.104 -.12 -.224
---------------------------------------------------------------------------------------------
OIH 226.26 1.06 237.99 -194.2% ------- BLUE .11 -.234 -.124
---------------------------------------------------------------------------------------------
CPER 21.74 .17 21.05 96.6% Bullish BLUE .028 -.183 -.155
---------------------------------------------------------------------------------------------
TAN 85.37 .6 84.17 121% Bullish RED .182 .244 .426
------------------------------------------------------------------------------------- --------
UUP 28.46 -.04 28.36 49.4% Bearish ---- .069 .02 .089
---------------------------------------------------------------------------------------------
CORN 24.67 -.01 24.04 4.1% ------- BLUE -.052 -.158 -.21
---------------------------------------------------------------------------------------------
WEAT 8.26 .1 8.09 -61.2% ------- BLUE -.12 -.298 -.418
---------------------------------------------------------------------------------------------
YINN 65.76 -1.79 65.2 -67% ------- RED .151 -.052 .099
|
Table 3 Breadth Statistics
---------------------------------------
8/8/2022
DJIA 32832.54 29.07 0.09%
S&P 500 4140.06 -5.13 -0.12%
Nas 12644.46 -13.10 -0.10%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,390 3,367 3,459
Advances 2,152 1,528 1,766
Declines 1,075 1,685 1,512
(BULLISH)
Unchanged 163 154 181
New highs 38 27 41
New lows 18 46 48
(BULLISH)
Adv. volume* 575,443,372 507,699,250 381,643,373
Decl. volume* 257,246,406 299,505,360 467,845,178
Total volume* 839,717,043 818,671,319 860,958,978
Closing Arms (TRIN)† 0.90 0.52 1.35
Block trades* 4,424 4,370 4,565
Adv. volume 2,895,374,846 2,572,891,418 1,941,490,885
Decl. volume 1,308,761,955 1,470,858,404 2,237,029,314
Total volume 4,242,371,308 4,097,836,411 4,232,513,805
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,922 4,842 4,989
Advances 2,895 2,544 2,243
Declines 1,735 2,024 2,405
Unchanged 292 274 341
New highs 103 68 80
New lows 36 66 118
(BULLISH)
Closing Arms (TRIN)† 0.90 1.00 0.71
Block trades 28,090 27,135 22,652
Adv. volume 3,343,807,292 2,693,186,539 2,463,821,174
Decl. volume 1,795,259,274 2,145,349,632 1,863,469,218
Total volume 5,179,325,542 4,882,377,075 4,383,376,941
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/8/22
Bullish = 36
Bearish = 10
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .931 .919 .942 .931 .919 .931
HOMEBLDG .888 .833 .833 .777 .722 .888
SOLAR .875 .875 .875 .875 .812 .75
-----
AUTO .849 .811 .83 .849 .811 .849
HIGHPRIC .843 .835 .851 .851 .796 .812
GAMING .842 .736 .789 .842 .736 .736
SEMI .81 .831 .831 .831 .768 .778
-----
REIT .792 .707 .7 .73 .684 .792
GREEN .789 .736 .842 .789 .789 .789
UTILITY .789 .815 .815 .736 .789 .842
TRANSP .789 .789 .631 .684 .578 .684
NIFTY .782 .804 .826 .847 .804 .804
SOFTWARE .767 .785 .75 .785 .678 .678
NASD-100 .752 .773 .804 .793 .731 .773
-----
ELECTRON .744 .759 .766 .751 .736 .736
RETAIL .744 .595 .595 .617 .468 .574
BIOTECH .735 .719 .683 .63 .597 .548
MILITARY .73 .73 .73 .807 .846 .807
SP500 .706 .663 .653 .676 .633 .7
-----
COMPUTER .7 .65 .7 .65 .55 .65
DJI-13 .692 .692 .692 .692 .615 .692
REGBANKS .68 .64 .64 .68 .72 .8
INFRA .666 .636 .636 .636 .606 .696
INDEXES .664 .632 .621 .632 .621 .654
FINANCE .658 .646 .597 .634 .573 .634
RUS-1000 .645 .592 .579 .582 .534 .569
FIDSTKS .633 .621 .627 .621 .573 .615
JETS .615 .692 .615 .615 .461 .538
DOWJONES .6 .566 .566 .6 .533 .6
----
BIGBANKS .571 .714 .714 .714 .571 .571
HACKERS .562 .562 .562 .687 .437 .437
HOSPITAL .562 .5 .437 .437 .437 .5
LOWPRICE .547 .507 .497 .441 .383 .335
CHEM .543 .434 .5 .456 .478 .5
GUNS .538 .538 .538 .615 .615 .538
SP-100 .533 .544 .544 .6 .533 .577
INDMATER .527 .472 .486 .458 .444 .472
==========================================================================================
BEVERAGE .5 .571 .642 .642 .642 .714
MARIJUAN .5 .5 .3 .4 .4 .3
================================================================================================
ETFS .472 .363 .4 .327 .2 .309
CHINA .38 .44 .4 .38 .34 .32
COAL .333 .333 .333 .333 .333 .166
EDU .333 .333 .5 .666 .5 .5
OILGAS .311 .264 .254 .33 .452 .424
GOLD .26 .217 .195 .108 .108 .108
INSURANC .24 .24 .24 .2 .2 .36
COMODITY .205 .205 .205 .179 .179 .179
FOOD .183 .183 .183 .163 .163 .163
COPPER .125 0 .125 .125 .125 .125
|
===================================================================================
Monday: August 8: 5:50 AM (PCT) Futures:
DJI +154 NASDAQ +98
Data Used for 8/5/2022
| |
Peerless remains on its Buys. No sells
despite the DJI being at the 2.7% band.
The key Closing Powers are rising. 65% of all stocks are
now above their
65-dma, that previous barrier has now become likely support.
Avoid the
short sales. Pay no attention to what little the FED says
this month. They are
not going to do anything new about Inflation. They're on
vacation.
Friday saw the DJI open lower for fear that the very positive
Jobs report would
cause the FED to rush back to DC from their vacations and
aggressively raise
interest rates to quell the inflation that surely must follow
such a strong economy.
"Fat chance", said the Professionals whose trading we
watch with our Closing Power.
Today the FOMC's spokeswoman who came on Meet The Press said
about
the FED's battle with inflation the equivalent of the wrestler
who is about to pinned to
to the canvas saying, "We have him, just where we want
him."
On Wednesday, we will get a new Jobs' Report. It will come
in well over 8%.
Perhaps, as much as 9%-10%. And the 10-year rates are only
now almost 3%. Back when Volcker was Fed Chairman, he had to
raise the Prime Rate to above
20% to get control of inflation like we see today.
Conclusion: the FED is just
going through the motions of fighting inflation. Only a few
cranky rich guys who
hold a lot of bonds compain. Meanwhile, inflation IS the
game! It is a bullish
dynaminc. It is the key to assessing the environment we
invest in. Growth
stocks are usually the best way to beat inflation,
don't listen to the bears
now..
Continue to hold QQQ and its brothers SOXL and TAN. Solar
energy will be getting new tax incentives from Uncle Sam now and
they use lots of
semi-conductos. Another obvious growth field that should
work: stocks making
big plays in electricity-powered autos.
Usually, we have had to worry about the way high CPI
numbers hit the market.
This Wednesday's Report may be different. Inflation
is Bullish, given the current FED.
|
|
| |
August 5th
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80805.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-5/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-5/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
| |
Table 1 QUICKSILVER on ETFS - 8/5/2022
Bullish = 10 COMPQX, SPY, QQQ, MDY, IWM, RETL, SOXL, IBB, TECL, TAN
TECL is highest at .66
Bearish = 1 DBO (Oil), WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 327.97 .61 328.04 -10.5% Bullish BLUE .184 ---- ----
---------------------------------------------------------------------------------------------
COMPQX 12657.56 -63.02 12368.98 106.8% Bullish BLUE .261 .097 .358
---------------------------------------------------------------------------------------------
SPY 413.47 -.7 410.77 18% Bullish BLUE .278 .023 .301
---------------------------------------------------------------------------------------------
QQQ 321.75 -2.65 315.27 98.8% Bullish BLUE .289 .093 .382
---------------------------------------------------------------------------------------------
MDY 456.97 2.5 458.33 -18.2% Bullish BLUE .304 .024 .328
---------------------------------------------------------------------------------------------
IWM 190.8 1.45 187.18 94.4% Bullish BLUE .37 .06 .43
---------------------------------------------------------------------------------------------
FAS 76.24 1.71 74.67 -20.1% Bullish BLUE .233 -.058 .175
---------------------------------------------------------------------------------------------
RETL 10.89 .29 10.11 711.2% ------- BLUE .339 .284 .623
---------------------------------------------------------------------------------------------
SOXL 21.56 -.51 20.01 418.4% Bullish BLUE .409 .102 .511
---------------------------------------------------------------------------------------------
TECL 42.39 -.29 39.9 280.8% Bullish BLUE .39 .27 .66
---------------------------------------------------------------------------------------------
IBB 131.44 1.26 122.27 293.7% Bullish BLUE .237 .12 .357
---------------------------------------------------------------------------------------------
GLD 165.29 -1.88 165.03 36.1% ------- BLUE .007 -.078 -.071
---------------------------------------------------------------------------------------------
DBO 16.54 -.01 17.32 -391.1% Bearish BLUE -.108 -.144 -.252
---------------------------------------------------------------------------------------------
OIH 225.2 5.63 235.19 -354.1% ------- BLUE .107 -.227 -.12
---------------------------------------------------------------------------------------------
CPER 21.57 .47 21.33 -30.6% Bullish BLUE .021 -.2 -.179
---------------------------------------------------------------------------------------------
TAN 84.77 1.31 83.35 -47.8% Bullish RED .285 .252 .537
---------------------------------------------------------------------------------------------
UUP 28.5 .24 28.18 37.1% Bearish ---- .03 .021 .051
---------------------------------------------------------------------------------------------
CORN 24.68 .15 24.65 -65.4% ------- BLUE .027 -.168 -.141
---------------------------------------------------------------------------------------------
WEAT 8.16 -.05 8.36 -182.2% ------- BLUE -.088 -.319 -.407
---------------------------------------------------------------------------------------------
YINN 67.55 -2.19 66.66 -139.9% ------- BLUE .155 .006 .161
|
Table 2 Breadth Statistics
---------------------------------------
8/5/2022
DJIA 32803.47 76.65 0.23%
S&P 500 4145.19 -6.75 -0.16%
Nasdaq 12657.55 -63.03 -0.50%
Today Yesterday Week Ago
Issues traded 3,367 3,373 3,421
Advances 1,528 1,523 2,316
Declines 1,685 1,670 911
Unchanged 154 180 194
New highs 27 29 43
New lows 46 37 46
Adv. volume* 507,699,250 367,138,660 894,596,816
Decl. volume* 299,505,360 494,987,408 346,082,142
Total volume* 818,671,319 873,106,209 1,251,889,177
Closing Arms (TRIN)† 0.52 1.10 1.13
Block trades* 4,370 4,416 4,872
Adv. volume 2,572,891,418 1,935,667,381 3,181,392,396
Decl. volume 1,470,858,404 2,331,490,324 1,409,989,097
Total volume 4,097,836,411 4,309,967,467 4,653,305,902
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,842 4,849 4,919
Advances 2,544 2,659 2,663
Declines 2,024 1,905 1,890
Unchanged 274 285 366
New highs 68 68 92
New lows 66 50 122
Closing Arms (TRIN)† 1.00 0.65 1.05
Block trades 27,135 33,466 25,858
Adv. volume 2,693,186,539 3,599,088,536 2,765,128,269
Decl. volume 2,145,349,632 1,685,384,699 2,066,226,063
Total volume 4,882,377,075 5,401,703,287 4,923,086,027
|
Table 3
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/5/22
Bullish = 35
Bearish = 12
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .919 .942 .931 .919 .942 .919
SOLAR .875 .875 .875 .812 .75 .812
HIGHPRIC .835 .851 .851 .796 .804 .789
HOMEBLDG .833 .833 .777 .722 .888 .888
SEMI .831 .831 .831 .768 .768 .821
UTILITY .815 .815 .736 .789 .842 .842
AUTO .811 .83 .849 .811 .849 .83
NIFTY .804 .826 .826 .804 .804 .782
TRANSP .789 .631 .684 .578 .684 .631
SOFTWARE .785 .767 .785 .678 .678 .696
NASD-100 .773 .804 .783 .731 .762 .762
ELECTRON .759 .766 .751 .736 .729 .766
GAMING .736 .789 .789 .789 .736 .684
GREEN .736 .842 .789 .789 .736 .789
MILITARY .73 .73 .807 .846 .807 .73
BIOTECH .719 .68 .633 .597 .548 .57
BIGBANKS .714 .714 .714 .571 .571 .571
REIT .707 .692 .738 .692 .784 .784
DJI-13 .692 .692 .692 .615 .692 .769
JETS .692 .615 .615 .461 .538 .461
SP500 .663 .653 .676 .631 .69 .698
COMPUTER .65 .7 .65 .55 .6 .6
FINANCE .646 .597 .634 .56 .634 .646
REGBANKS .64 .64 .68 .72 .76 .72
INFRA .636 .636 .636 .606 .696 .636
INDEXES .632 .621 .632 .621 .654 .67
FIDSTKS .621 .627 .621 .573 .609 .639
RETAIL .595 .595 .617 .468 .553 .404
RUS-1000 .592 .579 .582 .536 .556 .549
BEVERAGE .571 .642 .642 .642 .714 .714
DOWJONES .566 .566 .6 .533 .6 .666
HACKERS .562 .562 .687 .437 .437 .437
SP-100 .544 .544 .6 .533 .577 .6
GUNS .538 .538 .615 .615 .538 .538
LOWPRICE .51 .492 .444 .383 .335 .346
=============================================================================================
HOSPITAL .5 .437 .437 .437 .437 .5
MARIJUAN .5 .3 .4 .4 .2 .3
============================================================================================
INDMATER .472 .486 .458 .444 .472 .472
CHINA .44 .4 .38 .34 .34 .34
CHEM .434 .5 .478 .456 .521 .543
ETFS .363 .4 .327 .2 .309 .309
COAL .333 .333 .333 .333 .166 .166
EDU .333 .5 .666 .5 .5 .5
OILGAS .264 .254 .33 .452 .424 .5
INSURANC .24 .24 .2 .2 .32 .4
GOLD .217 .195 .108 .108 .108 .108
COMODITY .205 .205 .179 .179 .179 .205
FOOD .183 .183 .163 .163 .163 .183
COPPER 0 .125 .125 .125 .125 .125
|
====================================================================================
Friday: August 5: 5:30
AM (PCT) Futures: DJI +85 NASDAQ
+18 Data Used for
8/4/2022
| |
Peerless remains on Buys, the A/D Line is rising,
the Closing Powers are
bullishly rising, the number of new highs on NASDAQ was more than
its new lows for the first time on a long time and 65% of all
stocks are now
above their 65-dma.
What could possibly keep the market from rising? A real
strong Jobs Report?
524,000 new jobs (just reported for July) would ordinarily be
stellar. But in
this environment, it is believed that it will be cause for the
FED to raise rates
more aggressively. If the inflation numbers that come out
next week do show
another jump in the CPI, that is a reasonable assumption
and the FED will
have to move up rates by 3/4% in September.
But will the inflation numbers still keep rising even though gas
prices are
starting to subside at the pump? And looking at the top
patters in UCO
and NRGU below, what if gas prices fall off? And will the
FED come
back to work in August and raise rates sooner than in mid-
September?
That seems doubtful. This is their vacation-time.
New York Professionals doubt these propositions, judging from
the rising
Closing Powers we now see. And even though Inflation is
becoming
embedded in expectations in areas like rents, will that not make
growth stocks
be made more attractive as a way to fight nflation?
Since Peerless remains on its buys, I have to trust the
Professionals and
our rising Closing Powers. So stay long the strongest
stocks (high IP21s),
groups and QQQ.
|
|
| |
August 4
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80804.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-4/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-4/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 Breadth Statistics
---------------------------------------
8/4/2022
DJIA 32726.82 -85.68 -0.26
Nasdaq Composite 12720.58 52.42 0.41
S&P 500 4151.94 -3.23 -0.08
NYSE Latest Close Previous Close Week Ago
Issues traded 3,373 3,424 3,382
Advances 1,523 2,242 2,447
Declines 1,670 973 777
Unchanged 180 209 158
New highs 29 25 44
New lows 37 36 50
Adv. volume* 367,138,660 565,239,435 648,608,293
Decl. volume* 494,987,408 286,870,369 226,424,884
Total volume* 873,106,209 859,347,376 882,874,488
Closing Arms (TRIN)† 1.10 1.16 1.07
Block trades* 4,416 4,128 4,333
Adv. volume 1,935,667,381 2,895,846,696 3,234,651,770
Decl. volume 2,331,490,324 1,463,158,536 1,095,046,239
Total volume 4,309,967,467 4,392,262,026 4,391,595,640
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,849 4,996 4,890
Advances 2,659 3,371 2,833
Declines 1,905 1,303 1,722
Unchanged 285 322 335
New highs 68 54 84
New lows 50 57 131
+++++++++++++++++++
Closing Arms (TRIN)† 0.65 0.67 0.72
Block trades 33,466 33,622 30,592
Adv. volume 3,599,088,536 4,465,656,972 3,313,838,097
Decl. volume 1,685,384,699 1,148,413,017 1,459,155,417
Total volume 5,401,703,287 5,645,140,576 4,839,040,123
|
Table 2 QUICKSILVER on ETFS - 8/4/2022
Bullish = 10 COMPQX, SPY, QQQ, MDY, IWM, RETL, SOXL, IBB, TECL, TAN
Bearish = 1 DBO (Oil), WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 327.36 -.8 328.66 32.6% Bullish RED .175 ---- ----
---------------------------------------------------------------------------------------------
COMPQX 12720.58 52.42 12390.69 225.2% Bullish BLUE .289 .076 .365
---------------------------------------------------------------------------------------------
SPY 414.17 -.28 411.99 98.7% Bullish RED .281 .017 .298
---------------------------------------------------------------------------------------------
QQQ 324.4 1.51 315.46 231.2% Bullish BLUE .315 .079 .394
---------------------------------------------------------------------------------------------
MDY 454.47 -3.48 458.63 20.8% Bullish RED .308 .006 .314
---------------------------------------------------------------------------------------------
IWM 189.35 -.4 187.25 91.2% Bullish RED .37 .036 .406
---------------------------------------------------------------------------------------------
FAS 74.53 -.81 76.54 68.5% Bullish RED .23 -.089 .141
---------------------------------------------------------------------------------------------
RETL 10.6 -.05 9.45 695.4% ------- RED .364 .119 .483
---------------------------------------------------------------------------------------------
SOXL 22.07 .52 19.83 670.4% Bullish BLUE .427 .043 .47
---------------------------------------------------------------------------------------------
TECL 42.68 .54 40.1 536.1% Bullish BLUE .393 .219 .612
---------------------------------------------------------------------------------------------
IBB 130.18 2.85 124.08 244.2% Bullish BLUE .233 .091 .324
---------------------------------------------------------------------------------------------
GLD 167.17 2.72 164.1 107.5% ------- BLUE -.013 -.059 -.072
---------------------------------------------------------------------------------------------
DBO 16.55 -.48 17.89 -325.9% Bearish RED -.118 -.139 -.257
---------------------------------------------------------------------------------------------
OIH 219.57 -12.32 241.72 -235.9% ------- RED .107 -.244 -.137
---------------------------------------------------------------------------------------------
CPER 21.1 .07 21.7 18.8% Bullish BLUE -.025 -.223 -.248
---------------------------------------------------------------------------------------------
TAN 83.46 1.69 85.57 34.7% Bullish BLUE .328 .205 .533
---------------------------------------------------------------------------------------------
UUP 28.26 -.18 28.29 -24.7% Bearish RED .041 .009 .05
---------------------------------------------------------------------------------------------
CORN 24.53 .37 25 -57.1% ------- BLUE -.025 -.188 -.213
---------------------------------------------------------------------------------------------
WEAT 8.21 .16 8.46 -174.9% Bearish BLUE -.062 -.337 -.399
---------------------------------------------------------------------------------------------
YINN 69.74 3.01 69.44 -511.8% ------- RED .142 -.079 .063
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/4/22
Bullish = 36
Bearish = 13
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .942 .931 .919 .942 .931 .908
SOLAR .875 .875 .812 .75 .812 .75
HIGHPRIC .851 .851 .796 .804 .785 .761
GREEN .842 .789 .789 .736 .736 .684
HOMEBLDG .833 .777 .722 .888 .888 .944
SEMI .831 .831 .768 .768 .81 .789
AUTO .83 .849 .811 .849 .83 .811
NIFTY .826 .826 .782 .804 .804 .804
UTILITY .815 .736 .789 .842 .815 .763
NASD-100 .804 .783 .721 .762 .762 .783
GAMING .789 .789 .736 .789 .631 .631
SOFTWARE .767 .803 .678 .678 .696 .678
ELECTRON .766 .751 .736 .729 .759 .721
MILITARY .73 .807 .846 .807 .73 .653
BIGBANKS .714 .714 .571 .571 .571 .571
COMPUTER .7 .65 .55 .6 .6 .6
DJI-13 .692 .692 .615 .692 .769 .692
REIT .692 .73 .7 .792 .769 .761
BIOTECH .674 .626 .596 .543 .557 .584
SP500 .653 .676 .631 .688 .686 .651
BEVERAGE .642 .642 .642 .714 .714 .714
REGBANKS .64 .68 .72 .76 .72 .68
INFRA .636 .636 .606 .696 .636 .515
TRANSP .631 .684 .578 .684 .631 .526
FIDSTKS .627 .621 .573 .609 .609 .591
INDEXES .616 .632 .621 .654 .664 .659
JETS .615 .615 .461 .538 .461 .384
FINANCE .597 .634 .56 .621 .621 .548
RETAIL .595 .617 .468 .553 .382 .382
RUS-1000 .579 .582 .536 .559 .534 .524
DOWJONES .566 .6 .533 .6 .633 .566
HACKERS .562 .687 .437 .437 .437 .437
SP-100 .544 .6 .533 .577 .588 .555
GUNS .538 .615 .615 .538 .538 .615
===================================================================================================
CHEM .5 .478 .478 .5 .543 .478
EDU .5 .666 .5 .5 .5 .5
===================================================================================================
LOWPRICE .494 .439 .386 .335 .341 .317
INDMATER .486 .458 .444 .472 .458 .388
HOSPITAL .437 .437 .437 .437 .5 .5
CHINA .4 .38 .34 .34 .38 .52
ETFS .4 .327 .2 .309 .309 .254
COAL .333 .333 .333 .166 .166 .166
MARIJUAN .3 .4 .4 .2 .3 .3
OILGAS .254 .33 .452 .424 .5 .386
INSURANC .24 .2 .2 .32 .4 .36
COMODITY .205 .179 .179 .179 .179 .179
GOLD .195 .108 .108 .108 .108 .108
FOOD .183 .163 .163 .163 .163 .163
COPPER .125 .125 .125 .125 .125 .125
|
====================================================================================
Thursday: August 4: 6:00
AM (PCT) Futures: DJI +30 NASDAQ
+10 Data Used for
8/3/2022
| |
Wednesday brought a fine rally. The
DJI and SP-500 rose more than a percent
and the more speculative NASDAQ jumped 2%. Table 1
below shows almost
a full list of "bullish" ETFs, nine in fact.
This means their IP21 and ITRS
(relative Strength scores) total more than +.25.
Table 3 reveals that two-thirds
of our groupings now have a majority of their stock
components above their
65-dma. This shows bullish breadth just as well as
the rising A/D Line does.
Peerless remains on its buys and the key Closing Powers
seen below all
continue to show Professional bullishness. Bonds
remain powered up by
the belief that the FED will be silent until mid September
and not do anything
more to fight inflation and slow the econmy down until
then. Crude Oil and
Big Oil seems to have formed bearish tops. So, unless
Friday's Job numbers
show a huge rise in net hirings, we should listen to the NY
Professionals'
bullishness. The QQQ should be held longer. The most
bullish stocks are
those that have been rising above their 65-day ma for a
while now and
show very high Accumulation-IP21. As long as their
Closing Powers are
rising, we should remain bullish and avoid the short side.
Next week we will see traders start fretting about the
coming CPI number
and inflation. But the rest of this week should be
impacted by the Jobs
Report, which Professionals expect to show few signs of an
immediate
recession. Because of the FED's dovishness,
beaten-down stocks and
bonds will still be favored. The only technical
problems are, first, that up-stocks
are not getting their share of daily volume compared to
down-stocks.
This will need to change long before the markets can go
back all the
way to its highs. But, at least the V-I has now
turned positive. And,
second, the ratio of new highs to new lows is still
negative. (See Table 2).
|
|
| |
Aug 3, 2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80803.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-3/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-3/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 8/3/2022
Bullish = 9 COMPQX, SPY, QQQ, MDY, IWM RETL, SOXL, TECL, TAN
Bearish = 1 WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 328.16 4.12 325.23 94.4% Bullish BLUE .185 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 12668.16 319.4 12162.59 259.3% Bullish BLUE .253 .065 .318
---------------------------------------------------------------------------------------------
SPY 414.45 6.39 406.07 164.5% Bullish BLUE .274 .013 .287
---------------------------------------------------------------------------------------------
QQQ 322.89 8.56 309.81 257.4% Bullish BLUE .292 .068 .36
---------------------------------------------------------------------------------------------
MDY 457.95 4.04 452.57 136.2% Bullish BLUE .323 .002 .325
---------------------------------------------------------------------------------------------
IWM 189.75 2.75 185.93 170.3% Bullish BLUE .354 .027 .381
---------------------------------------------------------------------------------------------
FAS 75.34 3.23 73.51 252.4% Bullish BLUE .245 -.019 .226
---------------------------------------------------------------------------------------------
RETL 10.65 .84 9.23 1030.7% ------- BLUE .363 .096 .459
---------------------------------------------------------------------------------------------
SOXL 21.55 1.63 19.37 720.4% Bullish BLUE .405 .008 .413
---------------------------------------------------------------------------------------------
TECL 42.14 3.08 38.4 697.8% Bullish BLUE .369 .266 .635
---------------------------------------------------------------------------------------------
IBB 127.33 4.7 124.12 134.9% Bullish BLUE .184 .051 .235
---------------------------------------------------------------------------------------------
GLD 164.45 .4 163.64 84.9% Bearish RED -.107 -.094 -.201
---------------------------------------------------------------------------------------------
DBO 17.03 -.48 17.69 -221% Bearish RED -.04 -.131 -.171
---------------------------------------------------------------------------------------------
OIH 231.89 -6.1 230.68 23.2% ------- RED .17 -.182 -.012
---------------------------------------------------------------------------------------------
CPER 21.03 -.02 21.02 7.1% Bullish ---- -.004 -.241 -.245
---------------------------------------------------------------------------------------------
TAN 81.77 -2.4 82.88 283.3% Bullish RED .306 .167 .473
---------------------------------------------------------------------------------------------
UUP 28.44 .08 28.4 3.5% Bearish ---- .061 -.018 .043
---------------------------------------------------------------------------------------------
CORN 24.16 .12 24.81 -34.6% ------- ---- .029 -.216 -.187
---------------------------------------------------------------------------------------------
WEAT 8.05 -.04 8.5 -102.1% Bearish RED -.099 -.35 -.449
---------------------------------------------------------------------------------------------
YINN 66.73 1.53 76.8 -918.3% ------- BLUE .164 -.153 .011
|
Table 2 Breadth Statistics
---------------------------------------
8/3/2022
DJIA 32812.50 416.33 +1.29%
S&P 500 4155.17 63.98 +1.56%
Nasdaq 12668.16 319.40 +2.59%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,424 3,387 3,392
Advances 2,242 1,449 2,680
Declines 973 1,753 550
Unchanged 209 185 162
New highs 25 35 33
New lows 36 32 45
Adv. volume* 565,239,435 327,512,439 754,766,102
Decl. volume* 286,870,369 548,186,103 128,369,619
Total volume* 859,347,376 887,019,730 886,392,705
Closing Arms (TRIN)† 1.16 0.94 0.82
Block trades* 4,128 4,605 4,259
Adv. volume 2,895,846,696 2,194,159,256 3,526,153,839
Decl. volume 1,463,158,536 2,490,629,021 592,333,757
Total volume 4,392,262,026 4,776,863,670 4,138,703,317
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,996 4,858 4,865
Advances 3,371 2,338 3,458
Declines 1,303 2,209 1,110
Unchanged 322 311 297
New highs 54 52 58
New lows 57 94 144
Closing Arms (TRIN)† 0.67 0.58 0.67
Block trades 33,622 26,406 26,638
Adv. volume 4,465,656,972 3,039,775,133 3,698,697,289
Decl. volume 1,148,413,017 1,655,968,543 794,533,161
Total volume 5,645,140,576 4,737,655,832
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/3/22
Bullish = 35
Bearish = 14
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .931 .919 .942 .931 .919 .793
SOLAR .875 .812 .75 .812 .75 .562
HIGHPRIC .851 .796 .804 .785 .753 .718
AUTO .849 .811 .849 .83 .811 .679
SEMI .831 .768 .768 .81 .778 .705
NIFTY .826 .782 .782 .804 .782 .695
MILITARY .807 .846 .807 .73 .653 .5
SOFTWARE .803 .696 .678 .696 .678 .642
GAMING .789 .736 .736 .684 .631 .684
GREEN .789 .789 .736 .736 .684 .684
NASD-100 .783 .721 .752 .762 .783 .752
HOMEBLDG .777 .722 .888 .888 .888 .888
ELECTRON .751 .736 .729 .759 .714 .661
UTILITY .736 .789 .842 .815 .763 .289
REIT .73 .692 .8 .776 .746 .561
BIGBANKS .714 .571 .571 .571 .571 .571
DJI-13 .692 .615 .692 .769 .692 .615
HACKERS .687 .437 .437 .437 .437 .437
TRANSP .684 .578 .684 .631 .526 .421
REGBANKS .68 .72 .76 .72 .68 .76
SP500 .676 .631 .688 .684 .645 .535
EDU .666 .5 .5 .5 .5 .5
COMPUTER .65 .55 .6 .6 .6 .55
BEVERAGE .642 .642 .714 .714 .714 .785
INFRA .636 .606 .696 .636 .484 .484
FINANCE .634 .56 .621 .609 .548 .548
INDEXES .632 .621 .654 .664 .659 .61
BIOTECH .626 .593 .545 .557 .579 .576
FIDSTKS .621 .573 .609 .609 .579 .55
RETAIL .617 .468 .553 .382 .382 .319
GUNS .615 .615 .538 .538 .615 .538
JETS .615 .461 .538 .461 .384 .307
DOWJONES .6 .533 .6 .633 .566 .433
SP-100 .6 .533 .577 .588 .544 .488
RUS-1000 .582 .536 .559 .536 .513 .432
================================================================================================
CHEM .478 .478 .521 .521 .521 .456
INDMATER .458 .444 .472 .458 .388 .388
LOWPRICE .441 .38 .338 .341 .317 .293
HOSPITAL .437 .437 .437 .5 .5 .562
MARIJUAN .4 .4 .2 .3 .3 .1
CHINA .38 .34 .34 .38 .52 .6
COAL .333 .333 .166 .166 .166 .5
OILGAS .33 .452 .424 .5 .377 .377
ETFS .327 .2 .309 .309 .29 .236
INSURANC .2 .2 .32 .4 .36 .28
COMODITY .179 .179 .179 .179 .179 .153
FOOD .163 .163 .163 .163 .163 .142
COPPER .125 .125 .125 .125 .125 .125
GOLD .108 .108 .108 .108 .108 .065
|
===================================================================================
Wednesday: August 3: 5:59
AM (PCT) Futures: DJI +100
NASDAQ +30 Data
Used for 8/2/2022
| |
Strange market on Tuesday. The DJI fell 400
but the NASDAQ hardly fell at
all. It is reminiscent of end of 1976 and start of 1977 in
that oil prices are up
and DJI was falling. NASDAQ did not breakdown until middle
of 1977 even
though DJI had been falling steadily from end of 1976. But
here we see Peerless
on major Buys and our Closing Powers are still rising.
The pullback has started from profit-taking in SPY and DIA as
they have tagged
their 50% retracement levels. Traders often take profits at
this point. QQQ
has a little more upside using this Fibonacci princple.
The best stocks now are those above their 65-dma which also show
very high
IP-21-Accum. Index and risiing Closing Powers. These do not
guarantee
a continued rally and no reversal back below their 65-dma.
But these
tend to become the leaders if the market will let them. See
below how SOXL
and LRCX fit this description.
As long as traders are willing to take small losses if their
Closing Power
uptrends are violated, these and solar energy stocks look like
the best
groups to buy into as inflation hedges. Rates did rise
today, but the FED
is going too slow in raising rates to worry about a recession,
Instead,
traders want growth stocks to hedge with. |
|
| |
August 2
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80802.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-2/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-2/BEARISH.htm
|
|
DIA shows 50% retracement achieved, but Clos Pwr is still rising
 |
 |
 |
 |
ALL STCOCKS
 |
Watch - High IP21 - at falling 65-dma
 |
SOXL - very high IP21 above 65-dma
 |
LRCX - very high IP21 above 65-dma
 |
| |
Table 1 QUICKSILVER on ETFS - 8/2/2022
Bullish = 11 COMPQX, SPY, QQQ, MDY, IWM FAS, RETL, SOXL, TECL, IBB, TAN
Bearish = 3 GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 324.04 -4 322.01 100.2% Bullish RED .219 0 .219
---------------------------------------------------------------------------------------------
COMPQX 12348.76 -20.22 12032.42 324.8% Bullish BLUE .319 .05 .369
---------------------------------------------------------------------------------------------
SPY 408.06 -2.71 401.04 212.4% Bullish RED .299 .013 .312
---------------------------------------------------------------------------------------------
QQQ 314.33 -.94 306.81 323.7% Bullish BLUE .304 .051 .355
---------------------------------------------------------------------------------------------
MDY 453.91 -4.42 445.59 183.4% Bullish RED .36 .005 .365
---------------------------------------------------------------------------------------------
IWM 187 -.18 183.41 207.7% Bullish BLUE .372 .025 .397
---------------------------------------------------------------------------------------------
FAS 72.11 -2.56 71.62 261.9% Bullish RED .271 -.049 .222
---------------------------------------------------------------------------------------------
RETL 9.81 -.3 8.7 937.7% Bullish RED .39 -.052 .338
---------------------------------------------------------------------------------------------
SOXL 19.92 -.09 18.73 924.6% Bullish BLUE .419 -.063 .356
---------------------------------------------------------------------------------------------
TECL 39.06 -.84 36.72 870% Bullish BLUE .387 .192 .579
---------------------------------------------------------------------------------------------
IBB 122.63 .36 124 -9.7% Bullish BLUE .253 .031 .284
---------------------------------------------------------------------------------------------
GLD 164.05 -.98 161.67 123.1% Bearish RED -.193 -.08 -.273
---------------------------------------------------------------------------------------------
DBO 17.51 .19 17.81 102.4% Bearish ---- -.041 -.078 -.119
---------------------------------------------------------------------------------------------
OIH 237.99 2.8 230.8 388.9% ------- BLUE .153 -.142 .011
---------------------------------------------------------------------------------------------
CPER 21.05 -.28 21 132.7% Bullish RED -.005 -.22 -.225
---------------------------------------------------------------------------------------------
TAN 84.17 .82 77.09 718.5% Bullish BLUE .329 .227 .556
---------------------------------------------------------------------------------------------
UUP 28.36 .18 28.42 -52.8% Bearish BLUE .066 -.003 .063
---------------------------------------------------------------------------------------------
CORN 24.04 -.61 24.33 -18.3% Bearish RED -.084 -.207 -.291
---------------------------------------------------------------------------------------------
WEAT 8.09 -.27 8.22 -155.2% Bearish RED -.174 -.347 -.521
---------------------------------------------------------------------------------------------
YINN 65.2 -1.46 79.88 -823.9% Bullish BLUE .166 -.149 .017
|
Table 2 Breadth Statistics
---------------------------------------
8/2/2022
DJIA 32396.17 -402.23 -1.23%
Nasd 12348.76 -20.22 -0.16%
S&P 500 4091.19 -27.44 -0.67%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,387 3,459 3,374
Advances 1,449 1,766 1,227
Declines 1,753 1,512 1,963
Unchanged 185 181 184
New highs 35 41 21
New lows 32 48 70
Adv. volume* 327,512,439 381,643,373 241,206,147
Decl. volume* 548,186,103 467,845,178 562,178,107
Total volume* 887,019,730 860,958,978 814,934,368
Closing Arms (TRIN)† 0.94 1.35 1.51
Block trades* 4,605 4,565 4,365
Adv. volume 2,194,159,256 1,941,490,885 1,093,497,707
Decl. volume 2,490,629,021 2,237,029,314 2,650,367,145
Total volume 4,776,863,670 4,232,513,805 3,797,636,131
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,858 4,989 4,850
Advances 2,338 2,243 1,666
Declines 2,209 2,405 2,880
Unchanged 311 341 304
New highs 52 80 52
New lows 94 118 172
Closing Arms (TRIN)† 0.58 0.71 1.12
Block trades 26,406 22,652 26,183
Adv. volume 3,039,775,133 2,463,821,174 1,451,365,682
Decl. volume 1,655,968,543 1,863,469,218 2,800,922,119
Total volume 4,737,655,832 4,383,376,941 4,300,073,632
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/2/22
Bullish = 32
Bearish = 16
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .919 .942 .931 .919 .793 .77
MILITARY .846 .807 .73 .653 .461 .384
SOLAR .812 .75 .812 .75 .625 .5
-----
AUTO .811 .849 .83 .811 .66 .396
HIGHPRIC .796 .804 .785 .753 .707 .492
GREEN .789 .736 .736 .684 .684 .421
UTILITY .789 .842 .815 .763 .289 .289
NIFTY .782 .782 .782 .782 .695 .434
SEMI .768 .768 .81 .778 .705 .515
-----
ELECTRON .736 .729 .759 .714 .646 .518
GAMING .736 .736 .631 .684 .684 .421
HOMEBLDG .736 .894 .894 .894 .894 .736
-----
NASD-100 .721 .752 .752 .783 .742 .525
-----
REGBANKS .72 .76 .72 .68 .76 .76
SOFTWARE .696 .696 .696 .678 .642 .464
REIT .692 .792 .784 .753 .53 .461
BEVERAGE .642 .714 .714 .714 .785 .571
SP500 .631 .688 .684 .643 .527 .394
-----
INDEXES .621 .654 .664 .659 .589 .308
DJI-13 .615 .692 .769 .692 .615 .615
GUNS .615 .538 .538 .615 .461 .307
INFRA .606 .696 .636 .484 .484 .333
BIOTECH .593 .543 .559 .579 .576 .543
TRANSP .578 .684 .631 .526 .421 .315
FIDSTKS .573 .609 .609 .579 .526 .396
BIGBANKS .571 .571 .571 .571 .571 .571
FINANCE .56 .621 .609 .536 .548 .463
COMPUTER .55 .6 .6 .6 .55 .5
HACKERS .55 .5 .5 .5 .5 .35
RUS-1000 .536 .559 .536 .516 .422 .356
DOWJONES .533 .6 .633 .566 .433 .366
-----
SP-100 .533 .577 .588 .544 .488 .377
=================================================================================================
EDU .5 .5 .5 .5 .5 .5
=================================================================================================
CHEM .478 .521 .543 .5 .478 .413
RETAIL .468 .553 .382 .382 .319 .255
JETS .461 .538 .461 .384 .307 .307
OILGAS .452 .424 .5 .377 .367 .292
INDMATER .444 .472 .458 .388 .388 .277
HOSPITAL .437 .437 .5 .5 .5 .437
MARIJUAN .4 .2 .3 .3 .1 .1
LOWPRICE .383 .333 .343 .317 .293 .251
CHINA .34 .34 .38 .52 .6 .54
COAL .333 .166 .166 .166 .5 .166
ETFS .2 .309 .309 .29 .254 .09
INSURANC .2 .32 .4 .36 .28 .16
COMODITY .179 .179 .179 .179 .153 .179
FOOD .163 .163 .163 .163 .142 .163
COPPER .125 .125 .125 .125 .125 .125
GOLD .108 .108 .108 .108 .065 .043
|
==================================================================================
Tuesday: August 2: 5:59 AM (PCT) Futures: DJI -165 NASDAQ
-90 Data Used for 8/1/2022
| |
The odds favor a shallow retreat.
Down stock volume on the NYSE was heavy
and yesterday the DJI reached overbought-status 4.2% over the
21-day ma. The
rising 21-day ma should act as support in that the DJI's IP21 is
now a very high +.245.
With better breadth, we could get a take-off buy signal.
This can happen just
after the DJI takes out the resistance of its falling 65-dma even
when the V-Indicator
is still negative.
I found 18 past cases from June to September going back to 1929
where the
V-Indicator was egative at the 4.2% band as it was yesterday.
In 7 cases (39%)
the DJI fell to the lower 3% band or much lower. But in 11
instances the DJI
kept rallying significantly, though in 1937 this was a final
rally before a deadly 40%
decline.
As you can see below from Tables 1 and 3, there are lots of
ETFs and stock
groups that are rated as bullish because they have high
IP21 readings and because
a majority of their stocks are above the 65-dma.
The DJI's seasonality is bearish over the next two weeks in
the second year
of the four year Presidential cycle, rallying only 35.7% of
the time since 1965.
For the full month of August, the DJI has rallied 64.3% of
time. So, a big
August decline is unlikely, just based on seasonality.
For the last week and a half we have seen short-term rates
and ten-year rates
pull back. The FED is trying hard not to raise rates
by enough to cause a
recession. They are closely allied to those who have
run up the bigger stocks
and ETFs recently. As long as the key ETFs' Closing
Powers are in rising
trend, I think we can be fairly sure that rates will not
suddenly soar upwards.
The Professionals clearly do not expect this and they also
now feel that
the leading groups of stocks, including solar energy
stocks, housing stocks and
semi-conductors are good hedges against inflation.
Keep an eye on Ford.
The automaker is making a big commitment to
electric-powered cars and
is now rising more easily haven gotten above its 65-dma.
|
|
| |
August 1
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80801.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
-
Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/8-1/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/8-1/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
Table 1 QUICKSILVER on ETFS - 8/1/2022
Bullish = 12 COMPQX, SPY, QQQ, MDY, IWM FAS, RETL, SOXL, TECL, IBB, TAN, YINN
Bearish = 2 CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 328.04 -.62 317.54 125.2% Bullish BLUE .357 ----- .357
---------------------------------------------------------------------------------------------
COMPQX 12368.98 -21.71 11562.58 244.6% Bullish BLUE .372 .044 .416
---------------------------------------------------------------------------------------------
SPY 410.77 -1.22 390.89 189.5% Bullish BLUE .367 .009 .376
---------------------------------------------------------------------------------------------
QQQ 315.27 -.19 294.37 245.6% Bullish BLUE .353 .043 .396
---------------------------------------------------------------------------------------------
MDY 458.33 -.3 437.39 206.1% Bullish BLUE .433 .009 .442
---------------------------------------------------------------------------------------------
IWM 187.18 -.07 179.33 183.9% Bullish BLUE .411 .022 .433
---------------------------------------------------------------------------------------------
FAS 74.67 -1.87 68.29 240.9% Bullish RED .337 -.037 .3
---------------------------------------------------------------------------------------------
RETL 10.11 .66 8.1 463.6% Bullish BLUE .427 -.029 .398
---------------------------------------------------------------------------------------------
SOXL 20.01 .18 16.43 739.1% Bullish BLUE .391 -.08 .311
---------------------------------------------------------------------------------------------
TECL 39.9 -.2 32.53 774.7% Bullish BLUE .426 .17 .596 highest
---------------------------------------------------------------------------------------------
IBB 122.27 -1.81 122.87 -14.2% Bullish RED .294 .037 .331
---------------------------------------------------------------------------------------------
GLD 165.03 .93 160.04 148.2% Bearish ---- -.101 -.065 -.166
---------------------------------------------------------------------------------------------
DBO 17.32 -.57 17.15 -8.5% ------- BLUE -.022 -.081 -.103
---------------------------------------------------------------------------------------------
OIH 235.19 -6.53 219.97 295.2% Bullish RED .179 -.158 .021
---------------------------------------------------------------------------------------------
CPER 21.33 -.37 20.49 227.1% Bullish RED .051 -.189 -.138
---------------------------------------------------------------------------------------------
TAN 83.35 -2.22 72.63 647.7% Bullish RED .326 .266 .592
---------------------------------------------------------------------------------------------
UUP 28.18 -.11 28.66 -45.7% Bearish ---- -.074 -.025 -.099
---------------------------------------------------------------------------------------------
CORN 24.65 -.35 24.13 229.9% ------- BLUE -.128 -.194 -.322
---------------------------------------------------------------------------------------------
WEAT 8.36 -.1 8.35 204.6% Bearish BLUE -.241 -.343 -.584
---------------------------------------------------------------------------------------------
YINN 66.66 -2.78 77.4 -748.8% Bullish ---- .21 -.071 .139
|
Table 2 Breadth Statistics
---------------------------------------
8/1/2022
DJIA 32798.40 -46.73 -0.14%
S&P 500 4118.63 -11.66 -0.28%
Nasdaq 12368.98 -21.71 -0.18%
NYSE Latest Close Previous Close
Advances 1,766 2,316
Declines 1,512 911
Unchanged 181 194
New highs 41 43
New lows 48 46
Adv. volume* 381,643,373 894,596,816
Decl. volume* 467,845,178 346,082,142
Total volume* 860,958,978 1,251,889,177
Closing Arms (TRIN)† 1.35 1.13
Block trades* 4,565 4,872 4,008
Adv. volume 1,941,490,885 3,181,392,396
Decl. volume 2,237,029,314 1,409,989,097
Total volume 4,232,513,805 4,653,305,902
NASDAQ Latest Close Previous Close
Issues traded 4,989 4,919 4,898
Advances 2,243 2,663 2,237
Declines 2,405 1,890 2,373
Unchanged 341 366 288
New highs 80 92 55
New lows 118 122 149
Closing Arms (TRIN)† 0.71 1.05 1.12
Block trades 22,652 25,858 29,263
Adv. volume 2,463,821,174 2,765,128,269
Decl. volume 1,863,469,218 2,066,226,063
Total volume 4,383,376,941 4,923,086,027
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
8/1/22
Bullish = 34
Bearish = 13
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .942 .931 .919 .793 .781 .724
HOMEBLDG .894 .894 .894 .894 .736 .789
AUTO .849 .83 .811 .66 .396 .566
UTILITY .842 .815 .763 .289 .289 .21
MILITARY .807 .73 .653 .461 .384 .423
HIGHPRIC .804 .785 .753 .707 .48 .617
REIT .792 .776 .761 .538 .43 .446
NIFTY .782 .782 .76 .695 .434 .543
SEMI .768 .81 .778 .705 .505 .589
=====
REGBANKS .76 .72 .68 .76 .76 .68
NASD-100 .752 .752 .773 .742 .525 .659
=====
SOLAR .75 .812 .75 .625 .5 .562
=====
GAMING .736 .631 .631 .736 .421 .473
GREEN .736 .736 .684 .684 .421 .578
ELECTRON .729 .759 .714 .646 .503 .571
BEVERAGE .714 .714 .714 .785 .571 .5
INFRA .696 .636 .484 .484 .303 .303
SOFTWARE .696 .714 .678 .642 .446 .553
DJI-13 .692 .769 .692 .615 .615 .615
SP500 .688 .684 .643 .525 .388 .438
=====
TRANSP .684 .631 .526 .421 .315 .315
INDEXES .654 .664 .659 .589 .297 .405
FINANCE .621 .609 .536 .536 .463 .512
FIDSTKS .609 .609 .579 .526 .396 .437
COMPUTER .6 .6 .6 .55 .5 .5
DOWJONES .6 .633 .566 .433 .366 .366
======
SP-100 .577 .588 .544 .488 .366 .388
BIGBANKS .571 .571 .571 .571 .571 .571
RUS-1000 .559 .536 .516 .425 .349 .402
RETAIL .553 .382 .382 .319 .255 .404
BIOTECH .543 .557 .582 .576 .537 .551
GUNS .538 .538 .615 .461 .307 .461
JETS .538 .461 .384 .307 .307 .307
CHEM .521 .543 .521 .456 .434 .478
=============================================================================================
EDU .5 .5 .5 .5 .5 .5
HACKERS .5 .5 .5 .5 .35 .55
=============================================================================================
INDMATER .472 .458 .388 .388 .277 .291
HOSPITAL .437 .5 .5 .5 .437 .375
OILGAS .424 .5 .377 .367 .292 .283
CHINA .34 .38 .52 .6 .52 .54
LOWPRICE .335 .338 .32 .293 .248 .288
INSURANC .32 .4 .36 .28 .16 .2
ETFS .309 .309 .29 .254 .109 .145
MARIJUAN .2 .3 .3 .1 .1 .3
COMODITY .179 .179 .179 .153 .179 .179
COAL .166 .166 .166 .5 .166 .166
FOOD .163 .163 .163 .142 .163 .163
COPPER .125 .125 .125 .125 .125 0
GOLD .108 .108 .108 .065 .043 .043
|
Monday: August 1: 5:55 AM (PCT) Futures: DJI -92 NASDAQ
-44 Data Used for 7/29/2022
| |
Some
profit-taking is due. The super-bears appear to be wrong. Solar
energy stocks are the
leaders.
The Peerless Buys remain in
effect. The Closing Powers for the key ETFs
shown below are all rising.
It's true that we've had a very good rally since
the recent bottom and SPY has
now made a 50% recovery, something which
traders often use to take
profits or sell short. I think we are better off holding
our longs and avoiding the
short side. The way the Closing Powers have shot
up much faster than the
Opening Power is very typical of the take-off from
a bear market bottom. I
pointed this out two or three weeks ago. I've
redone the study:
Bullish Closing Power Divergences at Market Bottoms
(new)
SPY - 1998, 2001, 2003, 2009, 2010, 2011, 2018, 2020, 2022
http://www.tigersoftware.com/BULCPDIV/INDEX.htm
The solar energy stocks are leading
the rally. I thought about them as
I sat in front of the computer
after doing too many errands from noon to
3;00 PM on Saturday. Climate
change is real. Staring me in the
face on Saturday was the bright
sun. Solar energy is now more real ,
too, than ever. See among the
MAXCPs and the stoocks below some of
the best candidates for purchase in
that field now. Tables 1 and Tables 3
below show them to be among the
strongest groups. I doubt if they will
fall back much on a DJI retreat
back to its 21-day me, a level it is now
four percent above.
|
|
| |
July 29
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80729.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-29/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-29/BEARISH.htm |
|
 |
 |
 |
 |
|
 |
 |
 |
 |
 |
Table 1
Table 1 QUICKSILVER on ETFS - 7/29/2022
Bullish = 10 COMPQX, SPY, QQQ, MDY, IWM FAS, TECL, IBB, TAN, YINN
Bearish = 2 CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 328.66 3.43 319.96 149.6% Bullish BLUE .368 ==== ====
---------------------------------------------------------------------------------------------
COMPQX 12390.69 228.1 11782.67 234.4% Bullish BLUE .36 .029 .389
---------------------------------------------------------------------------------------------
SPY 411.99 5.92 395.57 212.5% Bullish BLUE .371 .004 .375
---------------------------------------------------------------------------------------------
QQQ 315.46 5.65 300.27 222.5% Bullish BLUE .356 .026 .382
---------------------------------------------------------------------------------------------
MDY 458.63 6.06 439.91 242.6% Bullish BLUE .403 .005 .408
---------------------------------------------------------------------------------------------
IWM 187.25 1.32 180.44 213% Bullish BLUE .393 .02 .413
---------------------------------------------------------------------------------------------
FAS 76.54 3.03 71.19 469% Bullish BLUE .348 -.063 .285
---------------------------------------------------------------------------------------------
RETL 9.45 .22 9.28 -105.7% Bullish BLUE .385 -.293 .092
---------------------------------------------------------------------------------------------
SOXL 19.83 .46 17.3 609.1% Bullish BLUE .378 -.198 .18
---------------------------------------------------------------------------------------------
TECL 40.1 1.7 34.26 732.3% Bullish BLUE .43 .047 .477
---------------------------------------------------------------------------------------------
IBB 124.08 -.04 122.62 59.2% Bullish BLUE .326 .06 .386
---------------------------------------------------------------------------------------------
GLD 164.1 .46 160.23 106.4% Bearish BLUE -.154 -.036 -.19
---------------------------------------------------------------------------------------------
DBO 17.89 .2 17.35 261.6% Bearish RED -.081 -.037 -.118
---------------------------------------------------------------------------------------------
OIH 241.72 11.04 221.67 688.2% Bullish BLUE .145 -.131 .014
---------------------------------------------------------------------------------------------
CPER 21.7 .68 20.38 398.3% Bullish BLUE .028 -.156 -.128
---------------------------------------------------------------------------------------------
TAN 85.57 2.69 73.21 895.2% Bullish BLUE .373 .332 .705 highest
---------------------------------------------------------------------------------------------
UUP 28.29 -.11 28.44 -33.4% Bearish RED -.119 .019 -.1
---------------------------------------------------------------------------------------------
CORN 25 .19 23.53 440.7% Bearish RED -.249 -.168 -.417
---------------------------------------------------------------------------------------------
WEAT 8.46 -.04 8.02 384.9% Bearish RED -.368 -.32 -.688
---------------------------------------------------------------------------------------------
YINN 69.44 -7.36 78.09 -447.2% Bullish BLUE .233 -.079 .154
|
Table 2
Breadth Statistics
----------------------------------------------------------
7/29/2022
DJIA 32845.13 315.50 0.97
S&P 500 4130.29 57.86 1.42
Nasdaq Compo 12390.69 228.09 1.88Advances 2,316 2,447 1,308
Declines 911 777 1,912
New highs 43 44 16
New lows 46 50 45
Adv. volume* 894,596,816 648,608,293 208,362,470
Decl. volume* 346,082,142 226,424,884 596,047,091
Total volume* 1,251,889,177 882,874,488 819,469,299
Closing Arms (TRIN)† 1.13 1.07 2.47
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,919 4,890 4,833
Advances 2,663 2,833 1,310
Declines 1,890 1,722 3,252
Unchanged 366 335 271
New highs 92 84 43
New lows 122 131 97
Closing Arms (TRIN)† 1.05 0.72 1.03
Block trades 25,858 30,592 33,171
Adv. volume 2,765,128,269 3,313,838,097 1,306,806,699
Decl. volume 2,066,226,063 1,459,155,417 3,355,951,211
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/29/22
Bullish = 32
Bearish = 13
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .931 .919 .793 .781 .735 .758
HOMEBLDG .894 .894 .894 .736 .789 .789
AUTO .83 .811 .66 .396 .547 .584
UTILITY .815 .763 .289 .289 .21 .131
SOLAR .812 .75 .625 .5 .562 .625
=====
SEMI .81 .778 .705 .505 .568 .631
=====
HIGHPRIC .785 .753 .707 .48 .601 .609
NIFTY .782 .76 .673 .434 .543 .652
REIT .776 .753 .546 .43 .423 .346
DJI-13 .769 .692 .615 .615 .615 .615
ELECTRON .759 .714 .646 .503 .556 .586
NASD-100 .752 .773 .731 .525 .649 .659
====
GREEN .736 .684 .684 .421 .526 .473
MILITARY .73 .653 .461 .384 .384 .384
REGBANKS .72 .68 .76 .76 .68 .72
BEVERAGE .714 .714 .785 .571 .5 .428
SOFTWARE .714 .696 .642 .446 .553 .625
SP500 .684 .643 .525 .386 .428 .406
=====
INDEXES .664 .659 .589 .297 .378 .351
INFRA .636 .484 .484 .303 .303 .181
DOWJONES .633 .566 .433 .366 .333 .3
=====
GAMING .631 .631 .684 .473 .421 .473
TRANSP .631 .526 .421 .315 .368 .263
FIDSTKS .609 .579 .526 .396 .437 .414
FINANCE .609 .536 .536 .451 .5 .451
COMPUTER .6 .6 .55 .5 .5 .5
SP-100 .588 .544 .488 .366 .366 .311
BIGBANKS .571 .571 .571 .571 .571 .571
BIOTECH .557 .579 .579 .537 .543 .557
CHEM .543 .521 .478 .413 .5 .369
GUNS .538 .615 .461 .307 .461 .384
RUS-1000 .536 .516 .425 .349 .394 .382
===============================================================================================
EDU .5 .5 .5 .5 .5 .5
HACKERS .5 .5 .5 .35 .55 .6
HOSPITAL .5 .5 .5 .437 .375 .437
OILGAS .5 .377 .367 .292 .283 .169
==============================================================================================
JETS .461 .384 .307 .307 .307 .307
INDMATER .458 .388 .388 .277 .291 .236
INSURANC .4 .36 .28 .16 .2 .16
RETAIL .382 .382 .319 .255 .382 .382
CHINA .38 .52 .6 .52 .54 .54
LOWPRICE .341 .314 .296 .248 .288 .306
ETFS .309 .29 .254 .109 .163 .127
MARIJUAN .3 .3 .1 .1 .2 .3
COMODITY .179 .179 .153 .179 .179 .179
COAL .166 .166 .5 .166 .166 .166
FOOD .163 .163 .142 .163 .163 .163
COPPER .125 .125 .125 .125 0 0
GOLD .108 .108 .065 .043 .043 .043
|
===================================================================================]
.... Friday: July 29: 5:50 AM (PCT) Futures: DJI +18 NASDAQ +90 Data Used for
7/28/2022
| |
Peerless refused to
give a Sell again today even though the DJI closed 3.6% over the
21-day ma and the V-Indicator
reamins negative. With the P-Indicator and IP21
very positive, a Sell S9-V is not
possible unless it falls to below -100. But, the
Closing Power again rose bullishly
today for all the major market ETFs and for
biggest components of the SP-500
(AAPL, AMZN, GOOG and MSFT).
Keep in mind the size of the
divergence between the Opening and Closing
Powers for the last 10 trading days
(shown on the Tiger candle-stick charts) and
for the week or so before that.
Such action - where the Professionals are very
bullish and the
Amateurs-Public-Foreigners are bearish - is not only bullish, it is
also associated with the
turns-upward from major market bottoms.
How can this happen with rates
going up 3/4% yesterday? Clearly, it CAN
happen when there are no surprises
and the market has had plenty of time to factor
in such ordinarily bearish news.
Secondly, the FED will be silent now until
the middle of Spetember. At
least, the FOMC has no scheduled meetings
until then. Thirdly,
inflation CAN be bullish if it invites and even forces investors
to buy stocks that are still
growing.
The recent Stochastic red Sells
have failed. This happens when there is a
significant breakout. I take
the many breakouts in the last two days above
the 65-day ma to be very bullish.
The shorts are under great pressure to cover.
Now the 65-dma will act as support.
We do still need to see a big
rise in NYSE volume to make a much bigger
market upside take-off.
We are seeing the necessary surges in the IP21 and the
P-Indicator is back to +300.
These are very good signs, but we still need
to see the V-Indicator turn
positive.
Still, when we look at Table 3
below, we see how many more groups of
stocks now have a majority of their
components above the 65-dma. This
is clearly bullish. The rise
is so fast, it makes me optimistic that the rally
will continue even with 50%
retracement-resistance becoming a new
barrier just overhead.
Another good sign is how few
Bearish MINCPs we are getting. And another
is how well Bonds and Housing
stocks are doing. Watch our the yield on the
ten-year bond. It is on the
verge of an intermediate-term breakdown. The
rates here often move inversely to
the leading tech stocks. |
|
| |
July 28
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80728.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-28/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-28/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/28/2022
Bullish = 10 COMPQX, SPY, QQQ, MDY, IWM FAS, TECL, IBB, TAN, YINN
Bearish = 2 CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 325.23 3.22 319.06 75.4% Bullish BLUE .332 ----- ------
---------------------------------------------------------------------------------------------
COMPQX 12162.59 130.17 11834.11 43.4% Bullish BLUE .316 .035 .351
---------------------------------------------------------------------------------------------
SPY 406.07 5.03 395.09 91.9% Bullish BLUE .339 .007 .346
---------------------------------------------------------------------------------------------
QQQ 309.81 3 301.99 40.2% Bullish BLUE .337 .031 .368
---------------------------------------------------------------------------------------------
MDY 452.57 6.98 437.16 128.9% Bullish BLUE .37 .018 .388
---------------------------------------------------------------------------------------------
IWM 185.93 2.52 179.51 96.9% Bullish BLUE .363 .042 .405
---------------------------------------------------------------------------------------------
FAS 73.51 1.89 69.89 151.1% Bullish BLUE .299 -.029 .27
---------------------------------------------------------------------------------------------
RETL 9.23 .53 9.64 -501.4% ------- BLUE .331 -.267 .064
---------------------------------------------------------------------------------------------
SOXL 19.37 .64 17.65 75.7% Bullish BLUE .346 -.101 .245
---------------------------------------------------------------------------------------------
TECL 38.4 1.68 34.92 290.3% Bullish BLUE .409 .086 .495
---------------------------------------------------------------------------------------------
IBB 124.12 .12 122.62 -39.7% Bullish RED .314 .088 .402
---------------------------------------------------------------------------------------------
GLD 163.64 1.97 160.67 104.9% Bearish BLUE -.185 -.047 -.232
---------------------------------------------------------------------------------------------
DBO 17.69 -.12 16.98 164.9% Bearish RED -.094 -.074 -.168
---------------------------------------------------------------------------------------------
OIH 230.68 -.12 211.05 443.7% Bearish RED .094 -.159 -.065
---------------------------------------------------------------------------------------------
CPER 21.02 .02 20.06 262.6% Bearish RED -.022 -.182 -.204
---------------------------------------------------------------------------------------------
TAN 82.88 5.79 72.04 662.9% Bullish BLUE .305 .357 .662
---------------------------------------------------------------------------------------------
UUP 28.4 -.02 28.48 -21% Bearish ---- -.003 .012 .009
---------------------------------------------------------------------------------------------
CORN 24.81 .48 22.89 321.6% Bearish BLUE -.27 -.18 -.45
---------------------------------------------------------------------------------------------
WEAT 8.5 .28 7.83 110.5% Bearish BLUE -.378 -.307 -.685
---------------------------------------------------------------------------------------------
YINN 76.8 -3.08 76.39 -312% ------- RED .237 .112 .349
|
Table 2 Breadth Statistics
---------------------------------------
DJIA 32197.59 436.05 +1.37%
S&P 500 4023.61 102.56 +2.62%
Nasdaq 12032.42 469.85 +4.06%
MYSE Advances 2,680 vs 1,227
NYSE Declines 550 vs 1,963
New highs 33 vs 21
New lows 45 vs 70
Adv. volume* 754,766,102 vs 241,206,147
Decl. volume* 128,369,619 vs 562,178,107
Total volume* 886,392,705 814,934,368 931,663,456
Closing Arms (TRIN)† 0.82 1.51 1.20
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,865 4,850 4,869
Advances 3,458 1,666 3,173
Declines 1,110 2,880 1,398
New highs 58 52 44
New lows 144 172 61
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/28/22
Bullish = 32
Bearish = 17
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .919 .793 .781 .735 .77 .724
HOMEBLDG .894 .894 .736 .789 .789 .789
AUTO .811 .66 .396 .547 .584 .716
SEMI .778 .705 .505 .568 .589 .747
NASD-100 .773 .731 .515 .649 .628 .742
-----
UTILITY .763 .289 .289 .21 .131 .131
NIFTY .76 .673 .413 .543 .608 .76
HIGHPRIC .753 .707 .48 .601 .593 .71
REIT .753 .538 .438 .423 .33 .353
SOLAR .75 .625 .5 .562 .625 .687
BEVERAGE .714 .785 .571 .5 .428 .357
ELECTRON .714 .646 .503 .556 .556 .676
SOFTWARE .696 .66 .446 .553 .607 .696
DJI-13 .692 .615 .615 .615 .615 .615
GREEN .684 .684 .421 .526 .473 .578
REGBANKS .68 .76 .76 .68 .68 .68
INDEXES .659 .589 .297 .378 .329 .459
MILITARY .653 .461 .384 .384 .346 .423
SP500 .643 .525 .386 .426 .39 .448
-----
GAMING .631 .684 .421 .473 .421 .631
GUNS .615 .461 .307 .461 .384 .461
COMPUTER .6 .55 .5 .5 .45 .55
BIOTECH .579 .576 .54 .543 .554 .61
FIDSTKS .579 .526 .396 .437 .402 .455
BIGBANKS .571 .571 .571 .571 .571 .571
DOWJONES .566 .433 .366 .333 .3 .4
-----
SP-100 .544 .488 .366 .366 .3 .388
FINANCE .536 .536 .451 .487 .439 .463
TRANSP .526 .421 .315 .368 .315 .368
CHEM .521 .478 .434 .478 .391 .478
CHINA .52 .6 .52 .54 .54 .6
RUS-1000 .516 .425 .349 .394 .372 .412
--------------------------------------------------------------------------------------------------
EDU .5 .5 .5 .5 .5 .5
HACKERS .5 .5 .35 .55 .6 .65
HOSPITAL .5 .5 .437 .375 .437 .375
INFRA .484 .484 .303 .303 .181 .303
INDMATER .388 .388 .277 .291 .236 .25
JETS .384 .307 .307 .307 .307 .307
RETAIL .382 .319 .255 .382 .382 .425
OILGAS .377 .367 .292 .283 .169 .198
INSURANC .36 .28 .16 .2 .12 .2
LOWPRICE .32 .291 .251 .288 .306 .341
MARIJUAN .3 .1 .1 .2 .3 .3
ETFS .29 .254 .109 .163 .145 .2
COMODITY .179 .153 .179 .179 .179 .153
COAL .166 .5 .166 .166 .166 .166
FOOD .163 .142 .163 .163 .163 .142
COPPER .125 .125 .125 0 0 0
GOLD .108 .065 .043 .043 .043 .043
|
===================================================================================
Thursday: July 28:
5:59 AM (PCT) Futures: DJI -71 NASDAQ -94
Data Used for 7/27/2022
| |
Peerless did not give a Sell today even though
the DJI closed 2.7% over the
21-dma and the V-Indicator is quite negative. It just
barely missed not producing
a Sell S9-V. What counts is that the key indexes we count
on now show
rising Closing Powers and are back above their 65-dma. QQQ
should be
bought on a reversal back up into positive territory today.
We will need to see the P-Indicator and the Accum.Indx (IP21)
surge to
new highs and for the DJI to show more exceptional strength to
get a new breakaway
Buy signal. Up-volume will have to rally, too.
Without these bullish technical
developments, I would guess it won't be very long before we do
get a Sell S9-V.
Buying QQQ now should be something that will appeal mostly to
short-term
traders.
A pretty amazing day, today. Who would think that traders
would so completely
shrug off the FED's raising rates by 3/4%? Answer: The
market anticipates as much
as it is affected by news. Especially in this case, because
Powell held out the hope
that this would end the big jumps in rates and because the hike
was advertised in
advance for so long.
The biggest jump came in tech stocks. Look at the charts of
AAPL, AMZN,
GOOG and MSFT below. The last two told investors there
would more bullish
earnings' news ahead. But it was not just techs.
Ford, for exmple, rose because
it is cutting back on jobs for a number of its white collar
workers. Wall Street
likes companies that can control their costs and their markets.
Look how much
CMG (Chipotle) rallied as a result of its raising prices.
Getting up past the 65-dma brings a considerable amount of
short-covering.
That was true not just for DIA, SPY, QQQ, TECL and the NASDAQ
today,
it also was true for IWM and MDY. Just as each of these
failed repeatedly
to get above the resistance of the 65-dma, now that they are
above this
resistance, the 65-dma now should act as support. As long
as these do not
breakdown back below these supports and as long as their Closing
Powers
are rising, there will probably be more new highs.
But first, we have to see a pullback. Some of you might
have noticed how
very close we came to getting new and reversing Sell S9-V today.
The Peerless
V-I ended up being -86 today. If this indicator had been -3
lower, we would
have had a Sell S9-V. Or in other words, if Down Volume
today had been
62,000 higher on the NYSE, we would have gotten Sell S9V.
So cautious
buying is needed. If QQQ can turn around after early
weakness today, BUY it.
In table 3 we now see that 73.1% of its components are above
their 65-dma. |
|
| |
July 27
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80727.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-27/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-27/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/27/2022
Bullish = 7 QQQ, MDY, IWM TECL, IBB, TAN, YINN
Bearish = 3 GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 322.01 4.47 320.41 51.2% Bullish BLUE .251 ----- ----
---------------------------------------------------------------------------------------------
COMPQX 12032.42 469.84 12059.61 57% Bullish BLUE .224 .02 .244
---------------------------------------------------------------------------------------------
SPY 401.04 10.15 398.79 79.4% Bullish BLUE .243 -.001 .242
---------------------------------------------------------------------------------------------
QQQ 306.81 12.44 307.38 62.7% Bullish BLUE .251 .017 .268
---------------------------------------------------------------------------------------------
MDY 445.59 8.2 441.22 91.2% Bullish BLUE .279 .005 .284
---------------------------------------------------------------------------------------------
IWM 183.41 4.08 182.42 53.1% ------- BLUE .269 .031 .3
---------------------------------------------------------------------------------------------
FAS 71.62 3.33 71.38 102.6% Bullish BLUE .19 -.069 .121
---------------------------------------------------------------------------------------------
RETL 8.7 .6 10.15 -735.3% ------- BLUE .259 -.325 -.066
---------------------------------------------------------------------------------------------
SOXL 18.73 2.3 19.1 149.4% Bullish BLUE .273 -.167 .106
---------------------------------------------------------------------------------------------
TECL 36.72 4.19 36.37 261.6% Bullish BLUE .312 .016 .328
---------------------------------------------------------------------------------------------
IBB 124 1.13 125.1 2.4% Bullish BLUE .257 .097 .354
---------------------------------------------------------------------------------------------
GLD 161.67 1.63 160.27 113.5% Bearish BLUE -.232 -.041 -.273
---------------------------------------------------------------------------------------------
DBO 17.81 .66 17.12 75.4% Bearish BLUE -.07 -.046 -.116
---------------------------------------------------------------------------------------------
OIH 230.8 10.83 211.25 251.7% Bearish BLUE .081 -.12 -.039
---------------------------------------------------------------------------------------------
CPER 21 .51 19.95 225.3% Bearish BLUE -.029 -.168 -.197
---------------------------------------------------------------------------------------------
TAN 77.09 4.46 73.12 256.6% Bullish BLUE .298 .25 .548
---------------------------------------------------------------------------------------------
UUP 28.42 -.24 28.52 -31.5% Bearish RED .046 .017 .063
---------------------------------------------------------------------------------------------
CORN 24.33 .2 23.29 95.6% Bearish BLUE -.328 -.169 -.497
---------------------------------------------------------------------------------------------
WEAT 8.22 -.13 8.32 -152.5% Bearish RED -.416 -.293 -.709
---------------------------------------------------------------------------------------------
YINN 79.88 2.48 81.71 3.8% ------- BLUE .176 .162 .338
|
Table 2 Breadth Statistics
---------------------------------------
DJIA 32197.59 436.05 +1.37%
S&P 500 4023.61 102.56 +2.62%
Nasdaq 12032.42 469.85 +4.06%
MYSE Advances 2,680 vs 1,227
NYSE Declines 550 vs 1,963
New highs 33 vs 21
New lows 45 vs 70
Adv. volume* 754,766,102 vs 241,206,147
Decl. volume* 128,369,619 vs 562,178,107
Total volume* 886,392,705 814,934,368 931,663,456
Closing Arms (TRIN)† 0.82 1.51 1.20
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,865 4,850 4,869
Advances 3,458 1,666 3,173
Declines 1,110 2,880 1,398
New highs 58 52 44
New lows 144 172 61
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/27/22
Bullish = 24
Bearish = 20
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .894 .736 .789 .789 .789 .736
BONDFUND .793 .781 .735 .77 .724 .62
BEVERAGE .785 .571 .5 .428 .357 .357
REGBANKS .76 .76 .68 .68 .68 .68
NASD-100 .731 .515 .639 .628 .731 .618
====
HIGHPRIC .707 .48 .601 .593 .699 .535
SEMI .705 .505 .568 .589 .715 .673
GAMING .684 .421 .421 .473 .578 .526
GREEN .684 .421 .526 .473 .578 .473
NIFTY .673 .413 .521 .608 .739 .652
AUTO .66 .396 .547 .584 .716 .603
SOFTWARE .66 .464 .553 .607 .66 .607
ELECTRON .646 .503 .556 .556 .661 .601
SOLAR .625 .5 .562 .625 .625 .687
DJI-13 .615 .615 .615 .615 .615 .615
CHINA .6 .52 .54 .54 .6 .58
INDEXES .589 .297 .378 .329 .427 .318
BIOTECH .576 .537 .545 .554 .61 .584
BIGBANKS .571 .571 .571 .571 .571 .571
COMPUTER .55 .5 .5 .45 .55 .45
REIT .538 .43 .43 .33 .353 .315
FINANCE .536 .451 .487 .426 .463 .402
FIDSTKS .526 .396 .437 .402 .443 .378
SP500 .525 .386 .426 .388 .448 .346
=====
=============================================================================================
COAL .5 .166 .166 .166 .166 .166
EDU .5 .5 .5 .5 .5 .5
HACKERS .5 .35 .55 .6 .65 .55
HOSPITAL .5 .437 .375 .437 .375 .312
===============================================================================================
SP-100 .488 .366 .366 .3 .366 .311
INFRA .484 .303 .303 .181 .303 .181
CHEM .478 .434 .5 .369 .478 .347
GUNS .461 .307 .461 .384 .461 .384
MILITARY .461 .384 .384 .346 .423 .384
DOWJONES .433 .366 .333 .3 .333 .3
=====
RUS-1000 .425 .349 .394 .372 .405 .372
TRANSP .421 .315 .368 .315 .368 .368
INDMATER .388 .277 .291 .236 .25 .208
OILGAS .367 .292 .283 .169 .198 .169
RETAIL .319 .255 .382 .382 .425 .361
JETS .307 .307 .307 .307 .307 .307
LOWPRICE .293 .246 .291 .306 .33 .301
UTILITY .289 .289 .21 .131 .131 .131
INSURANC .28 .16 .2 .12 .2 .12
ETFS .254 .109 .163 .145 .218 .145
COMODITY .153 .179 .179 .179 .153 .153
FOOD .142 .163 .163 .163 .142 .163
COPPER .125 .125 0 0 0 .125
MARIJUAN .1 .1 .2 .3 .3 .3
GOLD .065 .043 .043 .043 .043 .043
|
====================================================================================
Wednesday: July 27: 5:50 AM
(PCT) Futures: DJI +100
NASDAQ +100 Data Used for 7/26/2022
| |
Still no Peerless Sell, but a dip to lower band would offer a
better place to buy than
now. Professionals have turned slightly bearish, but the Closing Power
trend-breaks
are not considered decisive. Down volume remains high and there are still
more new
lows than new highs. Commodities remain weak, but Oil refuses to breakdown.
The market is in a "wait and see" mode. That's not a bad posture
for us. The number
of new highs and MAXCPs and MINCPs are too few to see much trend there and the
key 65-dma is too near prices to give us much movement potential in the key indexes
and EFTS. .
Tuesday, the market as a whole bearishly slipped back from its falling 65-dma.
The
DJI-s IP21-Accumulation Index is still very positive. In this situation, a
shallow decline
is most likely until Professional selling becomes so dominant as to drop the key
Closing Powers below their 21-dma.
The futures are up despite this being the day that the FED is expected to raise
interest rates by as much as 3/4%. Perhaps, this is misleading bravado.
Or perhaps,.
this shows that investors are done with reacting to this round of interest rate
rises.
Peerless remains on Buys but there are many less groups of stocks whose
components constitute a majority above the 65-dma. As noted for a week now
almost all the key ETFs are dealing with the bearishness of their falling 65-dma
and they are doing so with volume which seems insufficient to get prices back above
that 65-dma. Yesterday, as a group they have fallen more convincingly below
that falling resistance.
Above that resistance, they will tend to advance if their volume were to rise.
But
below that level, the 65-dma seems like resistance that cannot now be breached.
A failure to rally after today's up-opening would be bearish and make more
likely a re-test of the lows. But for the DJI, such a decline at the lower
band
would seem to offer a good place to buy again.
|
|
| |
July 26
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80726.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-26/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-26/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/26/2022
Bullish = 5 MDY, IWM IBB, TAN, YINN
Bearish = 4 CPER, GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 317.54 -2.42 318.74 -8.9% Bullish RED .224 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11562.58 -220.09 11897.65 -63.5% Bullish RED .222 .017 .239
---------------------------------------------------------------------------------------------
SPY 390.89 -4.68 394.77 -17.5% Bullish RED .196 -.003 .193
---------------------------------------------------------------------------------------------
QQQ 294.37 -5.9 303.03 -65% Bullish RED .195 .011 .206
---------------------------------------------------------------------------------------------
MDY 437.39 -2.52 437.59 48.8% Bullish RED .26 .012 .272
---------------------------------------------------------------------------------------------
IWM 179.33 -1.11 181.49 17.7% ------- RED .246 .039 .285
---------------------------------------------------------------------------------------------
FAS 68.29 -2.9 70.18 -63.2% Bullish RED .151 -.068 .083
---------------------------------------------------------------------------------------------
RETL 8.1 -1.18 10.09 -749.2% Bearish RED .197 -.31 -.113
---------------------------------------------------------------------------------------------
SOXL 16.43 -.87 18.2 -145.7% ------- RED .241 -.153 .088
---------------------------------------------------------------------------------------------
TECL 32.53 -1.73 34.91 -110.8% Bullish RED .248 -.009 .239
---------------------------------------------------------------------------------------------
IBB 122.87 .25 123.94 -30.3% Bullish BLUE .26 .123 .383
---------------------------------------------------------------------------------------------
GLD 160.04 -.19 158.04 15.6% Bearish RED -.285 -.059 -.344
---------------------------------------------------------------------------------------------
DBO 17.15 -.2 17.55 -129.9% Bearish RED -.071 -.065 -.136
---------------------------------------------------------------------------------------------
OIH 219.97 -1.7 219.89 -38.5% Bearish RED .078 -.123 -.045
---------------------------------------------------------------------------------------------
CPER 20.49 .11 20.09 157% Bearish RED -.103 -.171 -.274
---------------------------------------------------------------------------------------------
TAN 72.63 -.58 73.35 1.4% ------- RED .235 .261 .496
---------------------------------------------------------------------------------------------
UUP 28.66 .22 28.6 24.6% Bearish BLUE .133 .022 .155
---------------------------------------------------------------------------------------------
CORN 24.13 .6 23.88 10.6% Bearish ---- -.31 -.185 -.495
---------------------------------------------------------------------------------------------
WEAT 8.35 .33 8.47 -24.4% Bearish BLUE -.452 -.279 -.731
---------------------------------------------------------------------------------------------
YINN 77.4 -.69 79.82 -259.1% Bearish RED .127 .273 .4
|
Table 2
6/26/2022
DJIA 31761.54 -228.50 -0.71%
S&P 500 3921.05 -45.79 -1.15%
Nasdaq 11562.57 -220.09 -1.87%
TOTAL NH = 73
NL = 142
MAXCP = 25
MINCP = 13
NYSE
Advances 1,227 vs 1,957 (day before)y
Declines 1,963 va 1,282
New highs 21 vs 25
New lows 70 vs 60
Adv. volume* 241,206,147 vs 505,144,049
Decl. volume* 562,178,107 vs 266,968,498
Closing TRIN 1.51 vs 0.92 >1 is bearish
NASDAQ
Advances 1,666 vs 2,237
Declines 2,880 vs 2,373
New highs 52 vs 55
New lows 172 vs 149
Closing TRIN 1.12 1.12
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
Bullish = 11
Bearish = 35
7/26/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .781 .735 .77 .724 .632 .528
REGBANKS .76 .68 .68 .68 .68 .48
HOMEBLDG .736 .789 .789 .789 .736 .631
DJI-13 .615 .615 .615 .615 .615 .615
BEVERAGE .571 .5 .428 .357 .357 .571
BIGBANKS .571 .571 .571 .571 .571 .571
BIOTECH .537 .543 .557 .61 .579 .557
CHINA .52 .54 .54 .6 .58 .58
NASD-100 .515 .639 .618 .731 .597 .453
=====
SEMI .505 .568 .589 .715 .663 .484
ELECTRON .503 .556 .556 .661 .593 .451
----------------------------------------------------------------------------
COMPUTER .5 .5 .45 .55 .45 .4
EDU .5 .5 .5 .5 .5 .333
SOLAR .5 .562 .625 .625 .687 .625
----------------------------------------------------------------------------
HIGHPRIC .48 .601 .593 .699 .523 .39
SOFTWARE .464 .571 .607 .66 .607 .428
FINANCE .451 .487 .426 .451 .39 .329
HOSPITAL .437 .375 .437 .375 .312 .375
CHEM .434 .5 .391 .456 .369 .239
REIT .43 .423 .338 .353 .315 .3
GAMING .421 .421 .421 .631 .526 .421
GREEN .421 .526 .473 .578 .473 .315
NIFTY .413 .521 .586 .739 .63 .456
AUTO .396 .547 .584 .716 .603 .584
FIDSTKS .396 .437 .402 .443 .36 .355
SP500 .386 .426 .388 .446 .329 .291
=====
MILITARY .384 .384 .346 .423 .346 .269
DOWJONES .366 .333 .3 .333 .3 .366
=====
SP-100 .366 .366 .3 .366 .3 .355
HACKERS .35 .55 .6 .65 .55 .35
RUS-1000 .349 .394 .372 .405 .356 .334
TRANSP .315 .368 .315 .368 .368 .263
GUNS .307 .461 .384 .461 .384 .307
JETS .307 .307 .307 .307 .307 .307
INFRA .303 .303 .181 .303 .181 .151
INDEXES .297 .378 .329 .427 .302 .205
OILGAS .292 .283 .169 .198 .169 .16
UTILITY .289 .21 .131 .131 .131 .131
INDMATER .277 .291 .236 .25 .194 .138
RETAIL .255 .382 .382 .425 .319 .34
LOWPRICE .248 .285 .309 .33 .296 .312
COMODITY .179 .179 .179 .153 .153 .128
COAL .166 .166 .166 .166 .166 .166
FOOD .163 .163 .163 .142 .163 .122
INSURANC .16 .2 .12 .2 .12 .12
COPPER .125 0 0 0 .125 0
ETFS .109 .163 .145 .218 .163 .145
MARIJUAN .1 .2 .3 .3 .3 .1
GOLD .043 .043 .043 .043 .043 .043
|
==================================================================================]=
Tuesday: July 26: 6:00 AM
(PCT) Futures: DJI -170
NASDAQ -50 Data Used for 7/25/2022
| |
Still no reversing Peerless Sells, but many, many of
our key stocks, indexes and
ETFS look reliably BEARISH.
The odds for another retest of the lows are mounting.
With the DJI's IP21 turning down today, the DJI may not be able to hold
up, especially
if Professionals start doing heavy new selling and the Closing Powers
turn down. It is
certainly bearish that so many key ETFs have stalled out at their
falling 65-dma and without
getting past their 37% retracement levels, or in the case of AAPL, past
its 50%-day ma.
The evidence is monting that the economy will soon be in a recessions
from which
it will not easily be extricated by fiscal or monetary stimulus.
If the Closing Powers
now turn down today, thereby making a weak opening much worse, it will
probably
mean that the FED will be raising rates by 3/4% this week, because
wages increases
are too much and because Oil prices are not falling fast enough to take
the pressure off
Inflation.
Selling at the 65-dma has been helpful. Now let's wait to see
what the FED will
actually do now. |
|
| |
July 25
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80725.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-25/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-25/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| |
 |
Table 1 QUICKSILVER on ETFS - 7/25/2022
Bullish = 13 COMPQX,SPY, QQQ, MDY, IWM, TECL, IBB, TAN, YINN, SOXL, TECL, YINN
Bearish = 3 GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 319.96 .9 318.11 146.7% Bullish RED .293 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 11782.67 -51.44 11713.15 179.5% Bullish RED .273 .032 .305
---------------------------------------------------------------------------------------------
SPY 395.57 .48 392.27 173.5% Bullish RED .273 .002 .275
---------------------------------------------------------------------------------------------
QQQ 300.27 -1.72 298.3 181.2% Bullish RED .261 .024 .285
---------------------------------------------------------------------------------------------
MDY 439.91 2.75 433.12 236.6% Bullish BLUE .317 .023 .34
---------------------------------------------------------------------------------------------
IWM 180.44 .93 178.69 219.1% Bullish BLUE .307 .053 .36
---------------------------------------------------------------------------------------------
FAS 71.19 1.3 69.18 577.2% Bullish BLUE .228 -.044 .184
---------------------------------------------------------------------------------------------
RETL 9.28 -.36 9.56 301.2% ------- RED .274 -.138 .136
---------------------------------------------------------------------------------------------
SOXL 17.3 -.35 16.95 685.3% Bullish BLUE .298 -.101 .197
---------------------------------------------------------------------------------------------
TECL 34.26 -.66 33.3 539.4% Bullish RED .315 .007 .322
---------------------------------------------------------------------------------------------
IBB 122.62 0 123.62 85.3% Bullish RED .316 .147 .463
---------------------------------------------------------------------------------------------
GLD 160.23 -.44 159.54 33.5% Bearish RED -.292 -.078 -.37
---------------------------------------------------------------------------------------------
DBO 17.35 .37 17.6 5.8% Bearish BLUE -.044 -.049 -.093
---------------------------------------------------------------------------------------------
OIH 221.67 10.62 221.64 182.8% ------- BLUE .111 -.123 -.012
---------------------------------------------------------------------------------------------
CPER 20.38 .32 19.86 92.5% Bearish RED 0 -.204 -.204
---------------------------------------------------------------------------------------------
TAN 73.21 1.17 72.61 126.9% ------- BLUE .248 .262 .51
---------------------------------------------------------------------------------------------
UUP 28.44 -.04 28.52 -45.5% Bearish ---- .085 .018 .103
---------------------------------------------------------------------------------------------
CORN 23.53 .64 24.08 -223.2% Bearish BLUE -.326 -.199 -.525
---------------------------------------------------------------------------------------------
WEAT 8.02 .19 8.39 -205.5% Bearish RED -.514 -.294 -.808
---------------------------------------------------------------------------------------------
YINN 78.09 1.7 81.52 -64% ------- BLUE .177 .28 .457
|
Table 2
DJIA 31990.04 90.75
S&P 500 3966.84 5.21
Nasdaq 11782.67 -51.45
New Highs 25 + 55 = 80
New Lows 60 + 149 = 209
MAXCPs 19
MINCPs 12
NYSE Adv 1,957 vs 1,308 (day before)
Decl. 1,282 vs 1,912
Up Vol 505,144,049
Down Vol. 266,968,498
TRIN 0.92 vs 2.47 (day before)
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/25/22
Bullish = 17
Bearish = 28
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .789 .789 .789 .736 .631 .578
BONDFUND .735 .77 .724 .632 .528 .563
REGBANKS .68 .68 .68 .68 .48 .16
NASD-100 .639 .618 .721 .597 .432 .247
=====
DJI-13 .615 .615 .615 .615 .615 .384
HIGHPRIC .601 .593 .699 .523 .375 .199
BIGBANKS .571 .571 .571 .571 .571 .142
SOFTWARE .571 .625 .66 .607 .428 .232
SEMI .568 .589 .715 .663 .473 .242
SOLAR .562 .625 .625 .687 .625 .562
ELECTRON .556 .556 .661 .593 .443 .24
HACKERS .55 .6 .65 .55 .35 .2
AUTO .547 .584 .716 .603 .584 .396
BIOTECH .543 .554 .612 .579 .554 .47
CHINA .54 .54 .6 .58 .58 .58
GREEN .526 .473 .578 .473 .315 .21
NIFTY .521 .586 .717 .63 .413 .217
==============================================================================================
BEVERAGE .5 .428 .357 .357 .5 .357
CHEM .5 .391 .478 .347 .26 .152
COMPUTER .5 .45 .55 .45 .4 .25
EDU .5 .5 .5 .5 .333 .333
=============================================================================================
FINANCE .487 .426 .451 .378 .329 .146
GUNS .461 .384 .461 .384 .307 .23
FIDSTKS .437 .402 .443 .36 .343 .195
SP500 .426 .388 .446 .327 .285 .144
=====
REIT .423 .33 .361 .315 .3 .184
GAMING .421 .421 .578 .578 .421 .21
RUS-1000 .394 .372 .405 .356 .329 .248
MILITARY .384 .346 .423 .346 .269 .115
RETAIL .382 .382 .425 .319 .319 .255
INDEXES .378 .329 .427 .302 .2 .156
HOSPITAL .375 .437 .375 .312 .375 .375
TRANSP .368 .315 .368 .368 .263 .105
SP-100 .366 .3 .366 .3 .322 .188
DOWJONES .333 .3 .333 .3 .366 .266
=====
JETS .307 .307 .307 .307 .307 .307
INFRA .303 .181 .303 .181 .151 .121
INDMATER .291 .236 .25 .194 .138 .097
LOWPRICE .288 .304 .333 .296 .304 .256
OILGAS .283 .169 .198 .169 .16 .094
UTILITY .21 .131 .131 .131 .131 .131
INSURANC .2 .12 .2 .12 .12 .04
MARIJUAN .2 .3 .3 .3 .1 0
COMODITY .179 .179 .153 .153 .128 .153
COAL .166 .166 .166 .166 .166 .166
ETFS .163 .145 .218 .163 .163 .109
FOOD .163 .163 .142 .163 .122 .163
GOLD .043 .043 .043 .043 .043 .043
COPPER 0 0 0 .125 0 0
|
===================================================================================
Monday: July 25: Edited 6:20
AM (PCT) Futures: DJI +151
NASDAQ +55 Data Used for 7/22/2022
| |
The DJI's slide on Friday down from the resisance of
its 30-wk ma failed
to produce a Sell. We still show an un-reversed
B9-B8. I checked the key
values back to 1929. What correctly prevents a Sell even
with the V-I
negative in the Summertime and the DJI reaching 2% over the
21-day ma
is the very positive IP21-Accumulation. See our Peerless
chart. It stands at
an impressive +.231. This is very high. If it were
negative, we would probably
be expecting a decline back down to at least the lows of the
year.
Also bullish are the still rising Closing Powers.
Professionals have apparently
not got word from the FED that they will be doing a 3/4% rate
hike later
this week or else they are looking past the high rate of
Inflation now and
also believe, unlike so many "talking heads", that
we are headed for a
serious recession. Instead, they see higher earnings for
many big corporations
that can control their markets and have had steep
sell-offs. That, at least, is
why we now see a majority of NASD-100 stocks and home-builders
now
showing a majority of their components above their
individual 65-dma.
But make no mistake about it, the volume on the rally is too low
to
quickly eat up the overhead supply of stock in the majority of
DJI-30
and SP-500 stocks. So, we have to be patient. The
best plays for
traders remain, in my thinking, the NASDAQ-100 stocks showing
rising Closing Powers, very positive IP21 and are above their
65-dma. |
|
| |
July 22
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80722.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-22/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/22/2022
Bullish = 10 COMPQX,SPY, QQQ, MDY, IWM, IBB, TAN, YINN, SOXL, TECL
Bearish = 3 GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 319.06 -1.35 310.65 101.2% Bullish RED .306 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11834.11 -225.5 11360.05 163.2% Bullish RED .297 .017 .314
---------------------------------------------------------------------------------------------
SPY 395.09 -3.7 381.95 127.5% Bullish RED .291 -.001 .29
---------------------------------------------------------------------------------------------
QQQ 301.99 -5.39 289.4 169.8% Bullish RED .29 .013 .303
---------------------------------------------------------------------------------------------
MDY 437.16 -4.06 419.39 195.7% Bullish RED .329 .012 .341
---------------------------------------------------------------------------------------------
IWM 179.51 -2.91 172.6 180.7% ------- RED .321 .035 .356
---------------------------------------------------------------------------------------------
FAS 69.89 -1.49 63.25 428.9% Bullish RED .242 -.08 .162
---------------------------------------------------------------------------------------------
RETL 9.64 -.51 8.7 748.8% ------- RED .304 -.195 .109
---------------------------------------------------------------------------------------------
SOXL 17.65 -1.45 14.92 753.4% Bullish RED .275 -.155 .12
---------------------------------------------------------------------------------------------
TECL 34.92 -1.45 30.59 516.1% Bullish RED .338 -.059 .279
---------------------------------------------------------------------------------------------
IBB 122.62 -2.48 120.52 -25.6% Bullish RED .335 .122 .457
---------------------------------------------------------------------------------------------
GLD 160.67 .4 159.16 52.1% Bearish BLUE -.316 -.054 -.37
---------------------------------------------------------------------------------------------
DBO 16.98 -.14 17.33 84% Bearish RED -.09 -.016 -.106
---------------------------------------------------------------------------------------------
OIH 211.05 -.2 213.79 131.5% Bearish RED .017 -.141 -.124
---------------------------------------------------------------------------------------------
CPER 20.06 .11 20.01 138.3% Bearish RED -.036 -.196 -.232
---------------------------------------------------------------------------------------------
TAN 72.04 -1.08 71.37 161.7% ------- RED .249 .203 .452
---------------------------------------------------------------------------------------------
UUP 28.48 -.04 28.7 -66.3% Bearish ---- .081 .034 .115
---------------------------------------------------------------------------------------------
CORN 22.89 -.4 24.59 -297.5% Bearish RED -.373 -.19 -.563
---------------------------------------------------------------------------------------------
WEAT 7.83 -.49 8.36 -138.2% Bearish RED -.563 -.274 -.837
---------------------------------------------------------------------------------------------
YINN 76.39 -5.32 79.11 110.9% ------- RED .162 .265 .427
|
Table 2
New highs 16 + 43 = 59
New lows 45 + 97 = 142
MAXCP = 16
MINCPS = 14
Advances 1,308 vs 1,984
Declines 1,912 vs 1,217 |
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/22/22
Bullish = 16
Bearish = 32 (49-17)
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .789 .789 .736 .631 .578 .526
BONDFUND .77 .724 .632 .528 .574 .666
REGBANKS .68 .68 .68 .48 .16 .16
SOFTWARE .625 .678 .607 .428 .232 .25
SOLAR .625 .625 .687 .625 .562 .312
NASD-100 .618 .721 .587 .432 .247 .309
=====
DJI-13 .615 .615 .615 .615 .384 .538
HACKERS .6 .65 .55 .35 .2 .25
HIGHPRIC .593 .699 .523 .375 .199 .242
SEMI .589 .715 .663 .473 .242 .231
NIFTY .586 .717 .608 .413 .217 .304
AUTO .584 .716 .603 .584 .396 .301
BIGBANKS .571 .571 .571 .571 .142 .142
ELECTRON .556 .661 .593 .443 .248 .248
BIOTECH .554 .61 .582 .554 .465 .501
CHINA .54 .6 .58 .58 .58 .5
================================================================================================
EDU .5 .5 .5 .333 .333 .333
================================================================================================
GREEN .473 .578 .473 .315 .21 .157
COMPUTER .45 .55 .45 .4 .25 .3
HOSPITAL .437 .375 .312 .375 .375 .375
BEVERAGE .428 .357 .357 .5 .357 .428
FINANCE .426 .451 .378 .317 .146 .134
GAMING .421 .578 .526 .473 .21 .263
FIDSTKS .402 .443 .36 .343 .189 .254
CHEM .391 .478 .369 .239 .173 .13
SP500 .388 .446 .327 .283 .144 .191
=====
GUNS .384 .461 .384 .307 .23 .23
RETAIL .382 .425 .319 .319 .255 .255
RUS-1000 .372 .405 .356 .329 .25 .26
=====
MILITARY .346 .423 .346 .269 .115 .153
REIT .33 .353 .323 .3 .176 .215
INDEXES .329 .427 .302 .2 .156 .183
TRANSP .315 .368 .368 .263 .105 .105
JETS .307 .307 .307 .307 .307 .307
LOWPRICE .306 .328 .298 .304 .251 .259
DOWJONES .3 .333 .3 .366 .233 .333
======
MARIJUAN .3 .3 .3 .1 0 .1
SP-100 .3 .366 .3 .322 .177 .255
INDMATER .236 .25 .194 .138 .097 .097
INFRA .181 .303 .181 .151 .121 .121
COMODITY .179 .153 .153 .128 .153 .153
OILGAS .169 .198 .169 .16 .094 .066
COAL .166 .166 .166 .166 .166 .166
FOOD .163 .142 .163 .122 .163 .142
ETFS .145 .218 .163 .163 .127 .054
UTILITY .131 .131 .131 .131 .131 .131
INSURANC .12 .2 .12 .12 .04 .12
GOLD .043 .043 .043 .043 .043 .043
COPPER 0 0 .125 0 0 0
|
===================================================================================
Friday: July 22: 5:55
AM (PCT) Futures: DJI +73 NASDAQ -43 Data Used for 7/21/2022
| |
Peerless still shows an un-reversed B9-B8, but
the DJI is facing keen resistance
at is falling 65-dma. It also needs to close its June gap down.
The V-Indicator
remains negative, so we still may get a Sell S9-V. But
preventing that is the
upsurge in our Accumulation-IP21. If up-volume and breadth
improve, we could
get a Buy signal that might call for an upsurge past the 30-wkma.
But while we watch the DJI battle overhead resistance, look at
Table 3 below.
It shows that a clear majority of NASDAQ-100 stocks, housing
stocks and
Bonds are back above their 65-dma. Of course, they were
beaten down
far more than the DJI, but it is bullish that they coming back so
well. We want
to be long stocks that are the first on this rally to get back
above their 65-dma
and we want to root for some that have not yet, to be able to do
that, like
MSFT and GOOG. If they can do that, we should see SPY
rising above
its 65-dma.
Our charts have made bold the 65-dma because of its importance.
We also
need to be aware that when prices start falling away from the
65-dma with
a falling IP21, it is usually bearish. For now, the battle
is on at the 65-dma.
As long as the Closing Powers are rising, I think we can bet that
the FED
will not be too aggressive when it raises its interest rates next
week. See
also how weak commodities have become. This helps make the
case that
we could be seeing the peak in inflation over the next two or
three months.
Avoid the short side, there are just too few Bearish MINCPs and
focus
on the stocks with very positive Accumulation and Closing Power
up-arrow
divergences that have recently gotten past their 65-dma.
There are quite a few
among our stock charts: AMZ, BA, CHK, CRM, EXTR, GS, INTU,
LRCX,
NFLX, NVDA, QCOM, QQQ, TSLA...
|
|
| |
July 21
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80721.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-21/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-21/BEARISH.htm |
|
 |
 |
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 |
 |
 |
 |
 |
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 |
 |
Table 1 QUICKSILVER on ETFS - 7/21/2022
Bullish = 10 COMPQX,SPY, QQQ, MDY, IWM, IBB, TAN, YINN, SOXL, TECL
Bearish = 3 GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 320.41 1.67 312.66 223.6% Bullish BLUE .309 == ===== ====---------------------------------------------------------------------------------------------
COMPQX 12059.61 161.96 11452.42 350.4% Bullish BLUE .284 .044 .328
---------------------------------------------------------------------------------------------
SPY 398.79 4.02 385.13 270.2% Bullish BLUE .303 .008 .311
---------------------------------------------------------------------------------------------
QQQ 307.38 4.35 291.87 352.4% Bullish BLUE .3 .041 .341
---------------------------------------------------------------------------------------------
MDY 441.22 3.63 420.32 340.2% Bullish BLUE .352 .016 .368
---------------------------------------------------------------------------------------------
IWM 182.42 .93 173.09 367.2% Bullish BLUE .353 .05 .403
---------------------------------------------------------------------------------------------
FAS 71.38 1.2 64.09 1008.6% Bullish BLUE .256 -.082 .174
---------------------------------------------------------------------------------------------
RETL 10.15 .06 8.24 1365.1% ------- BLUE .309 -.198 .111
---------------------------------------------------------------------------------------------
SOXL 19.1 .9 15.11 1586.8% Bullish BLUE .286 -.025 .261
---------------------------------------------------------------------------------------------
TECL 36.37 1.46 31.48 1008.2% Bullish BLUE .349 .021 .37
---------------------------------------------------------------------------------------------
IBB 125.1 1.16 123.25 148.1% Bullish BLUE .372 .173 .545
---------------------------------------------------------------------------------------------
GLD 160.27 2.23 159.01 29.6% Bearish BLUE -.318 -.066 -.384
---------------------------------------------------------------------------------------------
DBO 17.12 -.43 16.69 178% Bearish ---- -.061 -.032 -.093
---------------------------------------------------------------------------------------------
OIH 211.25 -8.64 205.41 240.4% Bearish RED .073 -.139 -.066
---------------------------------------------------------------------------------------------
CPER 19.95 -.14 19.51 111.1% Bearish BLUE -.008 -.21 -.218
---------------------------------------------------------------------------------------------
TAN 73.12 -.23 69.71 138.2% Bullish RED .274 .227 .501
---------------------------------------------------------------------------------------------
UUP 28.52 -.08 28.86 -88.7% Bearish RED .071 .036 .107
---------------------------------------------------------------------------------------------
CORN 23.29 -.59 24.32 -206.3% Bearish ---- -.382 -.167 -.549
---------------------------------------------------------------------------------------------
WEAT 8.32 -.15 8.06 72.3% Bearish ---- -.57 -.214 -.784
---------------------------------------------------------------------------------------------
YINN 81.71 1.89 74.63 320.3% Bullish BLUE .151 .396 .547
|
Table 2 Breadth Statistics
7/21/2022
DJIA 32036.90 162.06 0.51%
S&P 500 3998.95 39.05 0.99%
Nasdaq Composite 12059.61
New Highs 17 + 34 = 51
New Lows 42 + 78 = 120
Advances 1,984 vs 2,196
Declines 1,217 vs 1,058
Up Vol. 527,403,621
Down Vol. 342,586,083
MKDS 1.07 vs 1.20
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/21/22
Bullish = 19
Bearish = 29
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .789 .736 .631 .578 .526 .421
BONDFUND .724 .632 .528 .574 .643 .574
NASD-100 .721 .587 .422 .247 .298 .268
=====
NIFTY .717 .608 .391 .217 .304 .239
AUTO .716 .603 .584 .396 .301 .245
SEMI .715 .663 .473 .242 .21 .221
HIGHPRIC .699 .523 .375 .199 .234 .164
REGBANKS .68 .68 .48 .16 .16 .08
SOFTWARE .678 .625 .428 .232 .25 .214
ELECTRON .661 .593 .443 .248 .24 .195
HACKERS .65 .55 .35 .2 .25 .2
SOLAR .625 .687 .625 .562 .312 .562
DJI-13 .615 .615 .615 .384 .538 .461
BIOTECH .61 .579 .554 .465 .498 .479
CHINA .6 .58 .58 .58 .5 .54
GAMING .578 .526 .421 .263 .263 .21
GREEN .578 .473 .315 .21 .157 .157
BIGBANKS .571 .571 .571 .142 .142 0
COMPUTER .55 .45 .4 .25 .3 .3
=============================================================================================
EDU .5 .5 .333 .333 .333 .333
=============================================================================================
CHEM .478 .369 .26 .152 .152 .13
GUNS .461 .384 .307 .23 .23 .23
FINANCE .451 .378 .317 .134 .134 .097
SP500 .446 .327 .283 .142 .189 .144
=====
FIDSTKS .443 .36 .343 .189 .242 .183
INDEXES .427 .302 .2 .156 .183 .172
RETAIL .425 .319 .319 .255 .255 .17
MILITARY .423 .346 .269 .115 .153 .115
RUS-1000 .405 .356 .329 .25 .26 .215
HOSPITAL .375 .312 .375 .375 .375 .375
TRANSP .368 .368 .263 .105 .105 0
SP-100 .366 .3 .322 .177 .255 .2
BEVERAGE .357 .357 .5 .357 .428 .428
REIT .353 .315 .307 .176 .2 .146
DOWJONES .333 .3 .366 .233 .333 .3
=====
LOWPRICE .33 .293 .306 .251 .253 .259
JETS .307 .307 .307 .307 .307 .307
INFRA .303 .181 .151 .121 .121 .121
MARIJUAN .3 .3 .1 0 .1 .2
INDMATER .25 .194 .138 .097 .097 .097
ETFS .218 .163 .163 .127 .072 .072
INSURANC .2 .12 .12 .04 .12 0
OILGAS .198 .169 .16 .094 .066 .066
COAL .166 .166 .166 .166 .166 .166
COMODITY .153 .153 .128 .153 .153 .153
FOOD .142 .163 .122 .163 .142 .142
UTILITY .131 .131 .131 .131 .131 .105
GOLD .043 .043 .043 .043 .043 .021
COPPER 0 .125 0 0 0 0
|
=================================================================================
Thursday: July 21: 5:45 AM (PCT)
Futures: DJI -90 NASDAQ +12 Data Used for 7/20/2022
| |
The Buy B9/B7 still stand. But the DJI has
reached its target. Once again
Professionals turned much more bullish at a market bottom than
was the Public
or were Europeons. We have no bullish take-off Buy signal
yet, but the
difference between the bullish Closing Power and the bearish
Opening Power
at the recent bottom was probably profoundly significant.
Do not sell to
quickly in here. The tech stocks that breakout above their
65-dma seem the
best area for traders to buy into.
Still no Peerless Sell, but the DJI has reached the resistance of
its falling 65-dma.
Expect the DJI now to retreat a bit. That could cause the
DJI's AROC to fall below
+.60 (.It's .71 now). If this happens and the V-I stays
negative and the DJI closes
more than 2.4% over the 21-day ma, we will likely get a Sell S9.
But in the meantime
we see tech stocks and QQQ moving above their own falling 65-dma.
Considering
how far they earlier fallen, they appear to have more upside
potential ahead. Notice
that the majority of QQQ stocks are now above their 65-dma.
AAPL and AMZN
are in that category. So are HD and GS. CRM and CMG, which
I mentioned
yesterday also rose above their 65-dma. I expect GOOG to advance now
that
it has split 20:1. Subisides may be coming to help US
semi-conductors. Their
rising Closing Powers should play well.
The only group over-represented among Bearish MINCP stocks are precious
metals' stocks. This coupled with falling food and oil prices would
seem to bode
well for the Dollar, Bank stocks, Bonds and HD, among others. If
the FED should
be satisfied with a rate hike of 1/2%, it would go a long way in
explaining the
rally. The FOMC does not meet again until mid September.
A lot of our MAXCPs are stalled at their old highs. At this time
I would favor
the beaten-down tech stocks that get back above the resistance of their
65-dma. |
|
| |
July 20
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80720.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-20/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-20/BEARISH.htm |
 |
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 |
Table 1 QUICKSILVER on ETFS - 7/20/2022
Bullish = 7 COMPQX,SPY, MDY, IWM, IBB, TAN, YINN
Bearish = 3 GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 318.74 .63 306.4 176.6% Bullish BLUE .29 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11897.65 184.5 11251.19 285% Bullish BLUE .249 .011 .26
---------------------------------------------------------------------------------------------
SPY 394.77 2.5 377.91 208% Bullish BLUE .279 -.009 .27
---------------------------------------------------------------------------------------------
QQQ 303.03 4.73 286.67 299.3% Bullish BLUE .259 .011 .27
---------------------------------------------------------------------------------------------
MDY 437.59 4.47 412.33 250.4% Bullish BLUE .302 -.001 .301
---------------------------------------------------------------------------------------------
IWM 181.49 2.8 169.56 293.8% Bullish BLUE .297 .025 .322
---------------------------------------------------------------------------------------------
FAS 70.18 1 58.27 656.9% Bullish BLUE .217 -.143 .074
---------------------------------------------------------------------------------------------
RETL 10.09 .53 7.73 1212.4% ------- BLUE .266 -.257 .009
---------------------------------------------------------------------------------------------
SOXL 18.2 1.25 14.07 1651.2% Bullish BLUE .223 -.189 .034
---------------------------------------------------------------------------------------------
TECL 34.91 1.61 29.91 932.5% Bullish BLUE .307 -.107 .2
---------------------------------------------------------------------------------------------
IBB 123.94 .32 121.47 15.9% Bullish BLUE .346 .127 .473
---------------------------------------------------------------------------------------------
GLD 158.04 -1.5 159.33 -111.4% Bearish RED -.387 -.068 -.455
---------------------------------------------------------------------------------------------
DBO 17.55 -.05 16.51 271.4% Bearish BLUE -.07 -.042 -.112
---------------------------------------------------------------------------------------------
OIH 219.89 -1.75 201.04 284.3% Bearish BLUE .054 -.174 -.12
---------------------------------------------------------------------------------------------
CPER 20.09 .23 19.51 12.6% Bearish RED -.04 -.188 -.228
---------------------------------------------------------------------------------------------
TAN 73.35 .74 71.14 156.6% Bullish BLUE .208 .164 .372
---------------------------------------------------------------------------------------------
UUP 28.6 .08 29.03 -39.9% ------- BLUE .13 .064 .194
---------------------------------------------------------------------------------------------
CORN 23.88 -.2 24.29 -39.1% Bearish RED -.367 -.143 -.51
---------------------------------------------------------------------------------------------
WEAT 8.47 .08 8.2 84.7% Bearish ---- -.619 -.199 -.818
---------------------------------------------------------------------------------------------
YINN 79.82 -1.7 76.69 -24.2% Bullish RED .134 .233 .367
|
Table 2 Count of Stocks in Key Directories
20220720
-------------------------------
NEWHIGHS 13 + 44 = 57
NEWLOWS 31 + 61 = 92
Advances 2,196 vs 2,710
Declines 1,058 vs 544
MAXCP 23
MINCP 20
TTTNH 19
TTTNL 11
CPCROSSA 64
CPCROSSD 29
ACCUMVER 65
HIGHIP21 49
HIUPPCT 3
VHIP21 36
LOWACCUM 198
REDSELL 86
AUGSELS7 7
TRAPDOOR 5
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/20/22
Bullish = 17
Bearish = 31
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .736 .631 .578 .526 .421 .526
SOLAR .687 .625 .562 .312 .5 .437
REGBANKS .68 .48 .16 .16 .08 .16
SEMI .663 .473 .242 .21 .2 .168
BONDFUND .632 .528 .574 .643 .551 .666
SOFTWARE .625 .446 .232 .25 .214 .232
DJI-13 .615 .615 .384 .538 .461 .307
NIFTY .608 .391 .195 .304 .239 .26
AUTO .603 .584 .396 .301 .245 .245
ELECTRON .593 .443 .248 .24 .187 .165
NASD-100 .587 .422 .237 .298 .268 .247
------
CHINA .58 .58 .58 .5 .54 .56
BIOTECH .579 .551 .467 .498 .476 .509
BIGBANKS .571 .571 .142 .142 0 0
HACKERS .55 .35 .2 .25 .2 .25
GAMING .526 .421 .21 .315 .21 .157
HIGHPRIC .523 .375 .199 .234 .16 .171
--------------------------------------------------------------------------------------------------
EDU .5 .333 .333 .333 .333 .333
==================================================================================================
GREEN .473 .315 .21 .157 .157 .105
COMPUTER .45 .4 .25 .3 .3 .25
GUNS .384 .307 .23 .23 .23 .23
FINANCE .378 .317 .134 .121 .097 .097
CHEM .369 .26 .173 .13 .152 .13
TRANSP .368 .263 .105 .105 0 .052
FIDSTKS .36 .343 .189 .242 .183 .189
BEVERAGE .357 .5 .357 .428 .428 .5
RUS-1000 .356 .329 .25 .26 .207 .23
MILITARY .346 .269 .115 .153 .115 .153
SP500 .327 .283 .142 .187 .14 .15
------
RETAIL .319 .319 .255 .255 .148 .17
REIT .315 .3 .184 .2 .146 .161
HOSPITAL .312 .375 .375 .375 .375 .375
JETS .307 .307 .307 .307 .307 .307
INDEXES .302 .2 .156 .183 .167 .178
DOWJONES .3 .366 .233 .333 .3 .2
------
MARIJUAN .3 .1 0 .1 .2 .1
SP-100 .3 .322 .177 .255 .188 .188
LOWPRICE .296 .301 .253 .253 .251 .264
INDMATER .194 .138 .097 .097 .097 .097
INFRA .181 .151 .121 .121 .121 .121
OILGAS .169 .16 .094 .066 .066 .084
COAL .166 .166 .166 .166 .166 .166
ETFS .163 .163 .127 .072 .09 .109
FOOD .163 .122 .163 .142 .142 .122
COMODITY .153 .128 .153 .153 .153 .128
UTILITY .131 .131 .131 .131 .105 .105
COPPER .125 0 0 0 0 0
INSURANC .12 .12 .04 .12 0 .08
GOLD .043 .043 .043 .043 .021 .043
|
====================================================================================
Wednesday: July 20:
5:42 AM (PCT) Futures: DJI
-78 NASDAQ -14 Data Used for 7/19/2022
| |
Today's 650-point advance
in DJI put a lot of pressure on the shorts. But now
the DJI has reachd its 2.7% upper band
with the V-Indicator negative. Ordinarily,
this would produce a Sell S9-V from
our Peerless because the V-Indicator
is still negative. But it did not.
The reason is that code the current Peerless
uses kicks out otherwise valid S9-Vs if
the Peerless AROC jumps above +.60.
AROC is the anuualized 21-day ma of the
DJI. First, we calculate the daily
change of the 21-day ma and then we
multiply it by 250. The AROC on Monday
was a modest +.17 (+17%). Tuesday
it rose all the way to +.70. So we did
not get an S9-V.
Most likely, the DJI and the other
averages will work a little higher and tag their
falling 65-dma. That will be strong
resistance and should bring a sell-off. But
notice today that Boeing got a big order
and is bullishly back above its 65-dma.
So is Home Depot, another DJI-30 stocks.
The hope in the housing stocks
is that next week's rate hike will be by
only 1/2%, as Powell wants, and then
there will be no more rate increases
until the third week of September. Also
acting bullish is Goldman Sachs with a
rise above its 65-dma. They profit from
quick trading and bond sales. So, the
outlook for financials has turned up.
Today, watch some key stocks at their
65-dma. CRM is in the DJI-30.
Amazon has regarly since the year 2000
been a fearless leader of the market
when there is a bullish turn-around.
We should also be watch GOOG to
see the effects of a 20:1 split and CMG
(Chipotle) to see if consumers are
still willing to pay high prices for
tasty Mexican-style meals that used to be
50% less a dozen years ago.
As long as our Closing Powers are in
uptrend and we get no Sell S9-V,
look for higher prices. There are
almost no Bearish MINCP stocks
tonight. The bullish MAXCPs look
much better to buy for a few more points. |
|
| |
July 19
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80719.BMP (7/19/22)
( Old Sell S13 here is much like current S9-V )
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-19/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-19/BEARISH.htm |
|
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 |
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 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/19/2022
Bullish = 3 MDY, IBB, TAN
Bearish = 3 GLD, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
---------------------------------------------------------------------------------------------
DIA 318.11 7.46 307.75 131.5% Bullish BLUE .252 ----- -----
---------------------------------------------------------------------------------------------
COMPQX 11713.15 353.1 11247.58 198.1% Bullish BLUE .214 -.012 .202
---------------------------------------------------------------------------------------------
SPY 392.27 10.32 378.83 150.2% Bullish BLUE .256 -.015 .241
---------------------------------------------------------------------------------------------
QQQ 298.3 8.9 285.65 209.4% Bullish BLUE .241 -.01 .231
---------------------------------------------------------------------------------------------
MDY 433.12 13.73 416.54 185.9% Bullish BLUE .269 -.019 .25 +++
---------------------------------------------------------------------------------------------
IWM 178.69 6.09 171.32 210.4% Bullish BLUE .239 -.001 .238
---------------------------------------------------------------------------------------------
FAS 69.18 5.93 61.86 428% Bullish BLUE .182 -.168 .014
---------------------------------------------------------------------------------------------
RETL 9.56 .86 8.04 919.8% ------- BLUE .241 -.338 -.097
---------------------------------------------------------------------------------------------
SOXL 16.95 2.03 13.29 1414.2% Bullish BLUE .202 -.257 -.055
---------------------------------------------------------------------------------------------
TECL 33.3 2.71 29.15 651.1% Bullish BLUE .288 -.164 .124
---------------------------------------------------------------------------------------------
IBB 123.62 3.1 123.55 4.9% Bullish BLUE .374 .09 .464 +++
---------------------------------------------------------------------------------------------
GLD 159.54 .38 161.6 -40.3% Bearish BLUE -.374 -.052 -.426 ---
---------------------------------------------------------------------------------------------
DBO 17.6 .27 16.63 325.7% Bearish BLUE -.115 -.015 -.13
---------------------------------------------------------------------------------------------
OIH 221.64 7.85 207.95 289.1% Bearish BLUE -.027 -.153 -.18
---------------------------------------------------------------------------------------------
CPER 19.86 -.15 20.04 58.3% Bearish ---- -.04 -.198 -.238
---------------------------------------------------------------------------------------------
TAN 72.61 1.24 71.12 141.3% Bullish BLUE .24 .113 .353 +++
---------------------------------------------------------------------------------------------
UUP 28.52 -.18 28.83 -64.1% Bearish ---- .103 .068 .171
---------------------------------------------------------------------------------------------
CORN 24.08 -.51 24.07 86.8% Bearish BLUE -.393 -.145 -.538
---------------------------------------------------------------------------------------------
WEAT 8.39 .03 8.33 36.3% Bearish BLUE -.655 -.199 -.854
---------------------------------------------------------------------------------------------
YINN 81.52 2.41 80.2 -11.5% Bullish BLUE .12 .153 .273
|
Table 2 Count of Stocks in Key Directories
20220719
-------------------------------
NEWHIGHS 49
NEWLOWS 141 <10:1
Advances 2,710 vs 1,708
Declines 544 vs 1,526
MAXCP 24
MINCP 9
TTTNH 20
TTTNL 6
CPCROSSA 182
CPCROSSD 15
ACCUMVER 9
HIUPPCT 3
VHIP21 34
LOWACCUM 207
REDSELL 92
AUGSELS7 10
TRAPDOOR 8
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/19/22
Bullish = 8
Bearish = 40
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .631 .578 .526 .421 .526 .473
SOLAR .625 .562 .312 .5 .437 .5
DJI-13 .615 .384 .538 .461 .307 .384
AUTO .584 .396 .301 .245 .245 .264
CHINA .58 .58 .5 .54 .58 .56
BIGBANKS .571 .142 .142 0 0 0
BIOTECH .551 .465 .501 .476 .504 .479
BONDFUND .528 .574 .643 .551 .666 .666
===============================================================================================
BEVERAGE .5 .357 .428 .428 .5 .428
================================================================================================
REGBANKS .48 .16 .16 .08 .16 .16
SEMI .473 .242 .21 .2 .157 .147
SOFTWARE .446 .25 .25 .214 .232 .25
ELECTRON .443 .248 .24 .187 .157 .15
NASD-100 .422 .237 .288 .268 .247 .247
----
GAMING .421 .21 .263 .263 .157 .157
COMPUTER .4 .25 .3 .3 .25 .2
NIFTY .391 .195 .282 .239 .26 .26
HIGHPRIC .375 .199 .234 .16 .171 .175
HOSPITAL .375 .375 .375 .375 .375 .375
DOWJONES .366 .233 .333 .3 .2 .233
-----
HACKERS .35 .2 .25 .2 .25 .25
FIDSTKS .343 .189 .242 .183 .183 .183
EDU .333 .333 .333 .333 .333 .333
RUS-1000 .329 .25 .26 .207 .227 .227
SP-100 .322 .177 .255 .188 .188 .177
-----
RETAIL .319 .255 .255 .148 .17 .148
FINANCE .317 .134 .121 .085 .097 .121
GREEN .315 .21 .157 .157 .105 .105
GUNS .307 .23 .23 .23 .23 .23
JETS .307 .307 .307 .307 .307 .307
LOWPRICE .304 .248 .256 .251 .264 .248
REIT .3 .176 .207 .146 .161 .169
SP500 .283 .142 .187 .138 .15 .154
MILITARY .269 .115 .153 .115 .153 .153
TRANSP .263 .105 .105 0 .052 .052
CHEM .26 .173 .152 .13 .152 .13
INDEXES .2 .156 .183 .167 .178 .194
COAL .166 .166 .166 .166 .166 .166
ETFS .163 .127 .072 .09 .127 .109
OILGAS .16 .094 .066 .066 .084 .084
INFRA .151 .121 .121 .121 .121 .121
INDMATER .138 .097 .097 .097 .097 .097
UTILITY .131 .131 .131 .105 .105 .105
COMODITY .128 .153 .153 .153 .128 .128
FOOD .122 .163 .142 .142 .122 .122
INSURANC .12 .04 .12 0 .08 .12
MARIJUAN .1 0 .1 .2 .1 .1
GOLD .043 .043 .043 .021 .043 .021
COPPER 0 0 0 0 0 0
|
===================================================================================
Tuesday: July 19:
5:45 AM (PCT) Futures: DJI +190 NASDAQ +70 Data Used for
7/18/2022
| |
Overhead Supply of Stock
Professionals turned a 300-point rally into a 200-point decline on
Monday.
They grabbed a quick profit as fast as they could. This has been
the fate
of big Friday rallies this year. 5-day Stochastic Sell signals
also
appeared on the charts of COMPQX (NASDAQ), SPY and QQQ,
showing how short-term trading has become dominant among the major
indexes.
But now the opening looks like it will be up 200, thereby erasing the
loss on Monday. Often when there is lots of overhead supply, a
stock
or the market will sell-off after being unable to eat up the overhead
resistance, but then it will not sell off further. Instead, it
again attacks
the overhead resistance. That is what we are seeing now.
Peerless still remains on its Buy B9 and B8. It will need to
close 2.4%
or more above the 21-day ma to get a Sell S9-V from the negative V-I.
In other words, it will need to close about 550 points higher for us to
get
a Sell S9-V. Very likely, if the S9-V is not clinched with
negative daily
breadth on the day of the S9-V, the DJI and the other key averages and
indexes we show below, will need to rally to the really heavy
resistance
of the falling 65-dma.
As I mentioned last nght, it looks like the FED will not raise rates by
a full percent and perhaps not even by 3/4%. They do not want to
seem
to be hastening to repaid their earlier tardiness in attacking
Inflation.
If I am right about there only being a 1/2% rate hike. that will reduce
the
chance of a tight-money borne recession. Even a 3/4% rate hike would
seem moderate considering the CPI and Produce Price Indexes are rising
between 9% and 10%.
Secondly, there is just too much Public Bearishness. With Opening
Power rising, that bearishness may have peaked. And though
Professionals
were sellers on Monday, they have been heavy buyers for most of the
last
two weeks. They sense the market is oversold and they can run up
prices
and force some short-covering. We'll see how they behave as a
group
tomorrow.
Thirdly, corporations have to be pleased now that the Democrat-Biden
regulatory and taxation agendas are likely to go nowhere in the months
ahead.
So, considering these things, it would seem that the 65-dma on the DJI
looks like a reasonable target for now.
|
|
| |
July 18
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD70718.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-18/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-18/BEARISH.htm |
|
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 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/18/2022
Bullish = 2 IBB, TAN
Bearish = 6 - RETL, SOXL, GLD, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 310.65 -2.01 309.97 -17% Bullish RED .207 ----- -----
(HIGH)
---------------------------------------------------------------------------------------------
COMPQX 11360.05 -92.37 11264.73 -5.5% Bullish RED .182 -.036 .146
---------------------------------------------------------------------------------------------
SPY 381.95 -3.18 380.83 -29.9% Bullish RED .189 -.022 .167
---------------------------------------------------------------------------------------------
QQQ 289.4 -2.47 286.24 6.3% Bullish RED .174 -.034 .14
---------------------------------------------------------------------------------------------
MDY 419.39 -.93 417.61 12.8% Bullish RED .191 -.031 .16
---------------------------------------------------------------------------------------------
IWM 172.6 -.49 171.47 15.7% ------- RED .147 -.02 .127
---------------------------------------------------------------------------------------------
FAS 63.25 -.84 63.85 -136.6% Bullish RED .14 -.248 -.108
---------------------------------------------------------------------------------------------
RETL 8.7 .46 8.06 417.7% ------- BLUE .157 -.423 -.266
---------------------------------------------------------------------------------------------
SOXL 14.92 -.19 12.97 735.2% Bullish RED .13 -.38 -.25
---------------------------------------------------------------------------------------------
TECL 30.59 -.89 29.38 -8.3% Bullish RED .241 -.282 -.041
---------------------------------------------------------------------------------------------
IBB 120.52 -2.73 123.5 -153.8% Bullish RED .359 .077 .436
---------------------------------------------------------------------------------------------
GLD 159.16 .15 160.83 -70.7% Bearish RED -.301 -.007 -.308
---------------------------------------------------------------------------------------------
DBO 17.33 .64 16.51 -101.2% Bearish RED -.113 .023 -.09
---------------------------------------------------------------------------------------------
OIH 213.79 8.38 209.64 -87.9% Bearish BLUE -.102 -.159 -.261
---------------------------------------------------------------------------------------------
CPER 20.01 .5 19.63 -161.1% Bearish RED -.039 -.157 -.196
---------------------------------------------------------------------------------------------
TAN 71.37 1.66 70.61 -118.1% Bullish BLUE .181 .1 .281
---------------------------------------------------------------------------------------------
UUP 28.7 -.16 28.89 -34.6% Bearish ---- -.013 .134 .121
---------------------------------------------------------------------------------------------
CORN 24.59 .27 23.66 -98.8% Bearish RED -.371 -.073 -.444
---------------------------------------------------------------------------------------------
WEAT 8.36 .3 8.33 -228% Bearish BLUE -.598 -.134 -.732
---------------------------------------------------------------------------------------------
YINN 79.11 4.48 81.7 -289.1% ------- RED .082 .006 .088
|
Table 2 Count of Stocks in Key Directories
20220718
-------------------------------
NEWHIGHS 47
NEWLOWS 168
Advances 1,708 vs 2,653
Declines 1,526 vs 570
MAXCP 6
MINCP 25
TTTNH 9
TTTNL 18
CPCROSSA 21
CPCROSSD 92
HIGHIP21 21
HIUPPCT 3
VHIP21 33
LOWACCUM 210
REDSELL 103
AUGSELS7 14
TRAPDOOR 7
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/18/22
Bullish = 4
Bearish = 45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .58 .5 .54 .58 .56 .6
HOMEBLDG .578 .526 .421 .526 .473 .421
BONDFUND .574 .643 .551 .666 .678 .655
SOLAR .562 .312 .5 .437 .437 .562
=============================================================================================
BIOTECH .465 .498 .479 .504 .47 .47
AUTO .396 .301 .245 .245 .264 .245
DJI-13 .384 .538 .461 .307 .384 .461
HOSPITAL .375 .375 .375 .375 .375 .375
BEVERAGE .357 .428 .428 .5 .428 .428
EDU .333 .333 .333 .333 .333 .333
JETS .307 .307 .307 .307 .307 .23
RETAIL .255 .255 .148 .17 .148 .148
LOWPRICE .251 .251 .253 .264 .243 .24
COMPUTER .25 .3 .3 .25 .2 .25
RUS-1000 .25 .26 .207 .227 .222 .222
SOFTWARE .25 .267 .214 .232 .25 .303
ELECTRON .248 .24 .187 .157 .142 .165
SEMI .242 .21 .2 .157 .136 .157
NASD-100 .237 .288 .257 .247 .247 .268
DOWJONES .233 .333 .3 .2 .233 .233
GUNS .23 .23 .23 .23 .23 .23
GAMING .21 .263 .21 .21 .157 .157
GREEN .21 .157 .157 .105 .105 .105
HACKERS .2 .25 .2 .25 .25 .2
HIGHPRIC .199 .234 .16 .171 .171 .23
NIFTY .195 .282 .217 .26 .26 .282
FIDSTKS .189 .242 .183 .183 .183 .218
SP-100 .177 .255 .188 .188 .177 .2
REIT .176 .2 .153 .161 .169 .161
CHEM .173 .152 .152 .13 .152 .13
COAL .166 .166 .166 .166 .166 .166
FOOD .163 .142 .142 .122 .122 .183
REGBANKS .16 .16 .08 .16 .16 .16
INDEXES .156 .183 .167 .178 .194 .216
COMODITY .153 .153 .153 .128 .128 .179
BIGBANKS .142 .142 0 0 0 0
SP500 .142 .187 .138 .148 .156 .181
FINANCE .134 .121 .085 .085 .109 .109
UTILITY .131 .131 .105 .105 .105 .105
ETFS .127 .072 .09 .127 .127 .127
INFRA .121 .121 .121 .121 .121 .121
MILITARY .115 .153 .115 .153 .153 .153
TRANSP .105 .105 0 .052 .052 .105
INDMATER .097 .097 .097 .097 .097 .097
OILGAS .094 .066 .066 .084 .084 .094
GOLD .043 .043 .021 .043 .021 .043
INSURANC .04 .12 0 .08 .12 .12
COPPER 0 0 0 0 0 0
MARIJUAN 0 .1 .2 .1 .1 .1
|
===================================================================================]=
Monday: July 18: 4:42
AM (PCT) Futures: DJI +250 NASDAQ +70 Data Used for 7/15/2022
| |
Is this the market take-off?
Friday's 600-point advance was a lot more than a short-covering rally.
I posted the Hotline Friday at 5:50 AM with the DJI about flat.
Three
minutes later the DJI was up +250 on news that one of the FOMC members
wants only a 1/2% rise in rates.
There is a lot more going on than that. Word is out that the
Democrats
legislative agenda for higher taxes on corporations and the wealthy has
no
chance of passage in the Senate. Nor will anything be done to
curb
green-house gas emmissions and with this Supreme Court, there may
even be a roll-back of the EPA's powers. And there's more bullish
news.
If we look at the advances Friday in the big health insurance stocks
and biotechs, it is doubtful if the Biden Administration will be able
to do
anything about rising health insurance previums or the rising prices of
drugs.
And the icing on the cake for Wall Street? Biden will be blamed
for all
the Inflation and for being so politically maladroit. Republicans
could
do well this fall even with women who are unhappy about Roe vs. Wade.
Is all this enough to start a new bull market? If we really have
seen the peak
now in Inflation because of falling energy and food prices, maybe. What
we do know is that the DJI did not fall 20% from its high and the
SP-500
is back above that level despite an incredible amount of public
bearishness
and the seeming likelihood of much higher interes rates. A market
that
can ignore so much that seems bearish is probably quite strong and
ready
to rally.
We are better off focusing on the technicals and they are clearly
short-term
bullish. The Peerless B9-B8 are in place. Our Closing
Powers are taking
off to the upside. For two weeks they have bullishly diverged from the
Opening Power for DIA, SPY, QQQ and NASDAQ.
It's true, however, that we still have falling 65-dma almost
everywhere.
So, this is where the advance seems headed. See the key
charts below.
But the P-Indicator has turned positive and the V-Indicators is
rising
very steeply. With the DJI now 1.3% over the 21-dma, that
means we
will probably get a Sell S9-v on another 400-point DJI advance.
But
let's watch our Closing Power and the daily breadth. We
should let
negative breadth clinch the Sell S9-v and even then the current
rally
may only stop rallying when Professionals take profits and our
Closing
Powers turn down.
With the ratio of new lows to new highs no longer above 10:1,
take
profits where you have them in your short sales and be prepared
to
exit other short sales if their Closing Power downtrends are
violated.
The Bullish MAXCPs offer us a number of stocks to buy in
this rally.
|
|
| |
July 15
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD70715.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-15/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-15/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/15/2022
Bullish = 2 IBB, TAN
Bearish = 4 - GLD, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 312.66 6.26 311.7 -12.9% Bullish BLUE .234 ---- ----
---------------------------------------------------------------------------------------------
COMPQX 11452.42 201.23 11372.6 -80.5% Bullish BLUE .231 -.032 .199
---------------------------------------------------------------------------------------------
SPY 385.13 7.22 384.23 -46.3% Bullish BLUE .221 -.019 .202
---------------------------------------------------------------------------------------------
QQQ 291.87 5.2 289.04 -60.3% Bullish BLUE .213 -.028 .185
---------------------------------------------------------------------------------------------
MDY 420.32 7.99 418.32 -36.3% Bullish BLUE .229 -.036 .193
---------------------------------------------------------------------------------------------
IWM 173.09 3.53 172.06 -72.7% Bullish BLUE .183 -.026 .157
---------------------------------------------------------------------------------------------
FAS 64.09 5.82 64.96 -206.7% Bullish BLUE .177 -.211 -.034
---------------------------------------------------------------------------------------------
RETL 8.24 .51 8.03 -265.2% Bullish BLUE .204 -.443 -.239
---------------------------------------------------------------------------------------------
SOXL 15.11 1.04 12.91 446.8% Bullish BLUE .177 -.342 -.165
---------------------------------------------------------------------------------------------
TECL 31.48 1.57 30.64 -84.4% Bullish BLUE .271 -.227 .044
---------------------------------------------------------------------------------------------
IBB 123.25 1.78 124.31 -137.6% Bullish BLUE .388 .088 .476
---------------------------------------------------------------------------------------------
GLD 159.01 -.32 161.43 -102.1% Bearish ---- -.251 -.031 -.282
---------------------------------------------------------------------------------------------
DBO 16.69 .18 17.67 -299.9% Bearish RED -.091 -.007 -.098
---------------------------------------------------------------------------------------------
OIH 205.41 4.37 217.45 -407.8% Bearish RED -.119 -.186 -.305
---------------------------------------------------------------------------------------------
CPER 19.51 0 20.65 -432.8% Bearish BLUE -.003 -.192 -.195
---------------------------------------------------------------------------------------------
TAN 69.71 -1.43 73.05 -480.6% Bullish BLUE .211 .095 .306
---------------------------------------------------------------------------------------------
UUP 28.86 -.17 28.9 50.3% Bearish RED -.16 .1 -.06
---------------------------------------------------------------------------------------------
CORN 24.32 .03 25.07 -173.8% Bearish RED -.347 -.114 -.461
---------------------------------------------------------------------------------------------
WEAT 8.06 -.14 8.74 -637.4% Bearish RED -.6 -.176 -.776
---------------------------------------------------------------------------------------------
YINN 74.63 -2.06 83.7 -1286.9% Bullish BLUE .187 -.066 .121
|
Table 2 Count of Stocks in Key Directories
20220715
-------------------------------
NEWHIGHS 40
NEWLOWS 25
MAXCP 32
MINCP 18
TTTNH 15
TTTNL 15
CPCROSSA 55
CPCROSSD 29
ACCUMVER 56
HIGHIP21 34
HIUPPCT 3
VHIP21 34
LOWACCUM 228
REDSELL 111
AUGSELS7 16
TRAPDOOR 6
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/15/22
Bullish = 3
Bearish = 45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .643 .551 .666 .678 .666 .54
DJI-13 .538 .461 .307 .384 .384 .461
HOMEBLDG .526 .421 .526 .473 .421 .473
===================================================================================================
CHINA .5 .54 .58 .56 .58 .64
===================================================================================================
BIOTECH .498 .476 .506 .47 .465 .506
BEVERAGE .428 .428 .5 .428 .428 .428
HOSPITAL .375 .375 .375 .375 .375 .375
DOWJONES .333 .3 .2 .233 .2 .233
=====
EDU .333 .333 .333 .333 .333 .333
SOLAR .312 .5 .437 .437 .562 .812
JETS .307 .307 .307 .307 .23 .23
AUTO .301 .245 .245 .264 .245 .339
COMPUTER .3 .3 .25 .2 .25 .35
NASD-100 .288 .257 .237 .247 .247 .278
=====
NIFTY .282 .217 .239 .26 .239 .304
SOFTWARE .267 .232 .232 .25 .285 .357
GAMING .263 .21 .157 .21 .157 .263
RUS-1000 .26 .207 .227 .222 .22 .243
RETAIL .255 .148 .17 .148 .148 .17
SP-100 .255 .188 .188 .177 .188 .211
LOWPRICE .253 .248 .267 .243 .238 .261
HACKERS .25 .2 .25 .25 .2 .25
FIDSTKS .242 .183 .183 .183 .201 .242
ELECTRON .24 .187 .157 .142 .157 .195
HIGHPRIC .234 .16 .171 .171 .218 .261
GUNS .23 .23 .23 .23 .23 .23
SEMI .21 .2 .157 .136 .147 .2
REIT .2 .146 .169 .169 .161 .169
SP500 .187 .138 .148 .154 .177 .183
=====
INDEXES .183 .167 .178 .194 .221 .205
COAL .166 .166 .166 .166 .166 .166
REGBANKS .16 .08 .16 .16 .16 .2
GREEN .157 .157 .105 .105 .105 .263
COMODITY .153 .153 .128 .128 .179 .179
MILITARY .153 .115 .153 .153 .153 .153
CHEM .152 .152 .152 .13 .152 .13
BIGBANKS .142 0 0 0 0 0
FOOD .142 .142 .122 .122 .183 .163
UTILITY .131 .105 .105 .105 .105 .105
FINANCE .121 .085 .085 .097 .109 .097
INFRA .121 .121 .121 .121 .121 .121
INSURANC .12 0 .08 .12 .12 .16
TRANSP .105 0 .052 .052 .105 .105
MARIJUAN .1 .2 .1 .1 .1 .2
INDMATER .097 .097 .097 .097 .097 .097
ETFS .072 .09 .127 .127 .145 .145
OILGAS .066 .066 .084 .084 .094 .094
GOLD .043 .021 .043 .021 .043 .043
COPPER 0 0 0 0 0 0
|
===================================================================================
Friday:
July 15: 5:55 AM (PCT) Futures: DJI +97 NASDAQ -6 Data Used for 7/14/2022
| |
Our Peerless Buys have not changed. The DJIA almost
tagged 30,000 and we
now have very short-term Red (Stochastic-5) buys on SPY, QQQ and the NASDAQ.
A typical Friday rally could be shaping up. But it would probably be
for only
few trading days and one based primarily on short-covering.
I would still just stay hedged rather than Buy QQQ or SPY because of their
red
optimized Buys. There is no question that the market has absorbed a lot of
bearish news and the DJI is still not down 20% from its highs.
Ordinarily, we
would like the fact that the Closing Powers and IP21 indicators are both
bullishly
rising for the SPY, QQQ and NASDAQ, as shown below. But there is too
little
upside potential and the leadership is missing. See Tables 1 and 3.
Moreover, if the DJI closes below 29400, we will have to switch to a judged
Sell S10, whether or not we have a new Sell.
Keep in mind, as always, the direction of the Closing Powers, which
represent
what NY Professional traders expect of the FED to do. The FED in my
view
will be very reluctant to admit their failures to get ahead of the rise in
Inflation.
So, even a 3/4% hike will be a strain for them. Whatever excuses they
make
for themselves, I think we are going to see high inflation a lot longer than
the
FED or the Biden Administration will dare admit.
Watch our Closing Power
Today, the tug-of-war seems to be over as traders rest. But a swift
turn-downward
by the Closing Powers would likely mean the FED is about to announce either
a 3/4% or 1% jump in short-term rates. That would likely again spook
the market.
Only a short-term bounce is expected. Rallies keep failing because of
the lack
of leadership and swiftly falling 21-day and 65-dma, which are our ways to
spot
resistance as well as momentum. Note from Table 2, the terrible ratio
of new
lows to new highs. This is "made to order" for our
Bearish MINCPs.
Hold That DJI-30 Up.
I have to editorialize. To me it is unimaginable that Powell and Yellen
so quickly
dismissed the notion that the FED's pumping in 7 trillion dollars into the
market
would not be inflationary. When they calculate M2, they make the same
mistake
even Milton Friedman did, they do not include the value of shares of stock
held. But clearly if there is a stock market Crash as in 1929, it
affects the
economy and can even cause Deflation. And when you pump up the stock
market, as Powell did from 2020 to the end of 2021, you eventually get
serious
inflation. My suspicion is that Powell and Yellen know this all to well
AND
that is why they find excuses for Inflation rather than blame themselves.
If they
can just hold up the DJI, there is hope. But if tthe Blue Chips break
down,
things will get very ugly, very quickly.
Past Very
Negative VI Readings for a 12 months
Look for a new study below later today of what has happened in the past when
the V-I was so steadily low (negative). This data we have back to 1929.
http://www.tigersoftware.com/NEGVI-s/IND.htm
|
|
| |
July 14
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80714.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-14/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-14/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/14/2022
Bullish = 2 IBB, TAN
Bearish = 5 - RETL, GLD, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 306.4 -1.35 313.46 -121.2% Bullish BLUE .186 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11251.19 3.61 11635.31 -161.9% Bullish BLUE .172 -.029 .143
---------------------------------------------------------------------------------------------
SPY 377.91 -.92 388.67 -144.2% Bullish BLUE .17 -.015 .155
---------------------------------------------------------------------------------------------
QQQ 286.67 1.02 295.35 -143.2% Bullish BLUE .167 -.026 .141
---------------------------------------------------------------------------------------------
MDY 412.33 -4.21 423.35 -146.9% Bullish BLUE .179 -.027 .152
---------------------------------------------------------------------------------------------
IWM 169.56 -1.76 175.59 -174.6% Bullish BLUE .129 -.019 .11
---------------------------------------------------------------------------------------------
FAS 58.27 -3.59 66.7 -700.6% Bullish BLUE .113 -.233 -.12
---------------------------------------------------------------------------------------------
RETL 7.73 -.31 8.67 -654.7% Bullish BLUE .08 -.451 -.371 ---
---------------------------------------------------------------------------------------------
SOXL 14.07 .78 13.91 134.8% Bullish BLUE .133 -.352 -.219
---------------------------------------------------------------------------------------------
TECL 29.91 .76 31.99 -326.6% Bullish BLUE .239 -.244 -.005
---------------------------------------------------------------------------------------------
IBB 121.47 -2.08 126.66 -174.3% Bullish RED .374 .1 .474
---------------------------------------------------------------------------------------------
GLD 159.33 -2.27 162.3 -89.7% Bearish BLUE -.299 -.009 -.308
---------------------------------------------------------------------------------------------
DBO 16.51 -.12 17.71 -207% Bearish BLUE -.107 -.013 -.12
---------------------------------------------------------------------------------------------
OIH 201.04 -6.91 222.68 -476% Bearish BLUE -.168 -.164 -.332
---------------------------------------------------------------------------------------------
CPER 19.51 -.53 21.26 -444.5% Bearish BLUE -.028 -.173 -.201
---------------------------------------------------------------------------------------------
TAN 71.14 .02 76.68 -264.7% Bullish BLUE .118 .168 .286
---------------------------------------------------------------------------------------------
UUP 29.03 .2 28.57 76.5% Bearish RED -.105 .121 .016
---------------------------------------------------------------------------------------------
CORN 24.29 .22 25.17 36.9% Bearish BLUE -.374 -.107 -.481
---------------------------------------------------------------------------------------------
WEAT 8.2 -.13 9.15 -214.5% Bearish RED -.625 -.148 -.773
---------------------------------------------------------------------------------------------
YINN 76.69 -3.51 96.17 -1312.7% Bullish RED .163 .011 .174
|
Table 2 Count of Stocks in Key Directories
20220714
-------------------------------
NEWHIGHS 3 + 17 = 20
NEWLOWS 379 + 447 = 826
Advances 860 vs 1,390
Declines 2,369 vs 1,789
MAXCP 32
MINCP 24
TTTNH 24
TTTNL 23
CPCROSSA 44
CPCROSSD 50
HIGHIP21 24
HIUPPCT 3
VHIP21 34
LOWACCUM 225
REDSELL 127
AUGSELS7 16
TRAPDOOR 13
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
Bullish = 2
Bearish = 46
7/14/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .551 .666 .678 .666 .528 .505
CHINA .54 .58 .56 .58 .64 .64
---------------------------------------------------------------------------
SOLAR .5 .437 .437 .562 .812 .75
------------------------------------------------------------------------------
BIOTECH .476 .504 .473 .465 .495 .487
DJI-13 .461 .307 .384 .384 .461 .461
BEVERAGE .428 .5 .428 .428 .428 .428
HOMEBLDG .421 .526 .473 .421 .473 .368
HOSPITAL .375 .375 .375 .375 .375 .375
EDU .333 .333 .333 .333 .333 .333
JETS .307 .307 .307 .23 .23 .23
COMPUTER .3 .25 .2 .25 .3 .35
DOWJONES .3 .2 .233 .2 .233 .266
NASD-100 .257 .237 .237 .247 .278 .298
LOWPRICE .251 .261 .246 .238 .259 .23
AUTO .245 .245 .264 .245 .301 .396
SOFTWARE .232 .25 .25 .285 .339 .375
GUNS .23 .23 .23 .23 .23 .307
NIFTY .217 .239 .239 .239 .304 .326
GAMING .21 .157 .157 .21 .21 .315
RUS-1000 .207 .227 .222 .22 .237 .23
HACKERS .2 .25 .25 .2 .25 .3
MARIJUAN .2 .1 .1 .1 .2 .2
SEMI .2 .157 .136 .147 .189 .189
SP-100 .188 .188 .177 .188 .211 .222
ELECTRON .187 .157 .142 .157 .187 .18
FIDSTKS .183 .183 .183 .201 .236 .236
INDEXES .167 .178 .194 .221 .205 .227
COAL .166 .166 .166 .166 .166 .166
HIGHPRIC .16 .171 .171 .218 .257 .277
GREEN .157 .105 .105 .105 .263 .263
COMODITY .153 .128 .128 .179 .153 .153
CHEM .152 .152 .152 .13 .152 .195
RETAIL .148 .17 .148 .148 .17 .17
REIT .146 .161 .176 .161 .169 .169
FOOD .142 .122 .122 .183 .142 .142
SP500 .138 .148 .154 .175 .183 .203
INFRA .121 .121 .121 .121 .121 .09
MILITARY .115 .153 .153 .153 .153 .153
UTILITY .105 .105 .105 .105 .105 .131
INDMATER .097 .097 .097 .097 .097 .111
ETFS .09 .127 .127 .145 .163 .145
FINANCE .085 .085 .097 .097 .109 .121
REGBANKS .08 .16 .16 .16 .2 .2
OILGAS .066 .084 .084 .094 .094 .094
GOLD .021 .043 .021 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
INSURANC 0 .08 .12 .12 .16 .2
TRANSP 0 .052 .052 .105 .105 .105
|
====================================================================================
Thursday:
July 14: 5:45 AM (PCT)
Futures: DJI
--400 NASDAQ - 79 Data Used for 7/13/2022
| |
Our Peerless Buys give bulls hope that
29500-30000 will hold. I'm not so
sure now. Stay hedged. We will probably treat a
close below 29400 to be
a judged Sell S10. See on the Peerless 2006 chart,
today shown below, how
the NYSE A/D Line has broken its recent uptrendline.
30000 is about to be
tested
The shock waves of the CPI's 9.1% rise over a year ago are
still spreading.
Clearly the FED is way behind the curve. The CPI
monthly percentage jumps are
by much more than the increase in short-term or 10-year
rates. In addition, the
psychology of inflation is becoming more deeply entrenched.
The FED waited
to long and the White House did not help matters by
supporting Powell.
Just watch gas prices at the pump. They are are not
dropping by much.
Anticipatory buying will become a problem. And the
increase in interest rates
will themselves be inflationary. So, the FED is in
trouble. Powell says he must
be independent of political pressures. But more and
more folks far away from
Washingon and New York think that the FED itself is the
problem, not the solution.
This is an old, old story. Be that as it may, the
trading war continues between
the bears overseas as represented by the swiftly falling
Opening Power in
our key charts and the NY bulls who are tied to and want to
believe in the FED,
as represented by our rising Closing Power. Over and
over in the past the NY
Professionals have won out when this tug-of-war has
developed. But the
Professionals are pretty smart. They know enough not
"to go down with the ship".
They will cut their losses at some point, so that they can
continue trading. My
guess is that they will not jump ship until the DJI falls
600 points below 30,000
and the DJI officially falls into bear market territory,
more than 20% down from
its highs. Such a close, would ":burst the
dikes" to switch metaphors. The
leveraged bearish (negative) ETFs would then go wildly up,
if I am correct.
But that hasn't happened yet. The big banks and their
hedge fund allies
can still borrow for less than 3% to rally the market
artificially after weak
openings. We get to see their operations Thursday
morning. Yestersay,
they tried to rally the big ETFs from the panic opening
after the CPI
numbers came out, but they could not sustain the rally to
the end of the
day. To many other traders are becoming quite
bearish.
Look at the candle-stick charts below. Notice how we
distinguish between
what the NASDAQ, DIA, SPY and QQQ loses overnight, from
close
to the next day's opening and what it achieves during the
hours of trading
in New York. Right now, these numbers have almost
neutralized each
other for the last ten days. The real problem will be
what happens if
the Professionals stop buying after a weak openings.
Tomorrow will be
most interesting from that perspective.
The ratio of new lows to new highs is still far above 10:1.
Leadership is hard
to find. Bond buying has become a little more
attractiveness because it
is a defensive play. So, stay hedged with some of our
bearish MINCPs.
How do we try to beat inflation? The Dollar is one
way. Another are
the elite biotechs shown among MAXCPs. And by being
short for now.
Perhaps, the FED will win again. But I doubt if they
will unless they
raise rates way above 5%. Even a 1% jump next week
will not be enough
to stop 9.1% inflation from continuing at a level that is
way too high even
for them to allow. In the past, fighting
inflation has always brought a "rough
landing". Powell needs to realize that all his
talk of a "soft landing" is counter-
productive.
|
|
| |
July 13
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80713.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-13/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-13/BEARISH.htm
|
|
2006 Version of Peerless - A/D Line uptrend was broken on Wednesday
 |
Current Peerless - Consistently low V-I readings like we see now
are unprecedented. This can't be good.
More on this tomorrow to study this weekend.
 |
DIA - Note swiftly falling Opening Power which rising Closings are trying
to fight.
 |
SPY -
 |
QQQ -
 |
COMPQX-NASDAQ
 |
Table 1 QUICKSILVER on ETFS - 7/13/2022
Bullish = 2 YINN, IBB
Bearish = 6 - RETL, SOXL, GLD, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 307.75 -2.22 313.95 -42.6% Bullish BLUE .107 --- -----
---------------------------------------------------------------------------------------------
COMPQX 11247.58 -17.15 11621.35 -49.9% Bullish BLUE .118 -.022 .096
---------------------------------------------------------------------------------------------
SPY 378.83 -2 388.99 -57.4% Bullish BLUE .08 -.014 .066
---------------------------------------------------------------------------------------------
QQQ 285.65 -.59 294.98 -54.1% Bullish BLUE .074 -.022 .052
---------------------------------------------------------------------------------------------
MDY 416.54 -1.07 424.67 8.7% Bullish BLUE .1 -.02 .08
---------------------------------------------------------------------------------------------
IWM 171.32 -.15 175.61 -6.6% Bullish BLUE .051 -.007 .044
---------------------------------------------------------------------------------------------
FAS 61.86 -1.99 67.37 -209.2% Bullish ---- .043 -.19 -.147
---------------------------------------------------------------------------------------------
RETL 8.04 -.02 8.82 54.2% Bullish BLUE .026 -.394 -.368
---------------------------------------------------------------------------------------------
SOXL 13.29 .32 13.71 457.4% ------- BLUE .045 -.336 -.291
---------------------------------------------------------------------------------------------
TECL 29.15 -.23 31.91 -149.4% Bullish BLUE .158 -.237 -.079
---------------------------------------------------------------------------------------------
IBB 123.55 .05 125.82 30.5% Bullish BLUE .335 .126 .461
---------------------------------------------------------------------------------------------
GLD 161.6 .77 162.23 -16.7% Bearish BLUE -.379 -.02 -.399
---------------------------------------------------------------------------------------------
DBO 16.63 .12 17.22 8.8% Bearish ---- -.112 .001 -.111
---------------------------------------------------------------------------------------------
OIH 207.95 -1.69 221.59 -49.9% Bearish BLUE -.217 -.145 -.362
---------------------------------------------------------------------------------------------
CPER 20.04 .41 21.34 -178.5% Bearish BLUE -.053 -.176 -.229
---------------------------------------------------------------------------------------------
TAN 71.12 .51 75.02 4.1% Bullish BLUE .058 .174 .232
---------------------------------------------------------------------------------------------
UUP 28.83 -.06 28.59 43.5% Bearish RED -.008 .112 .104
---------------------------------------------------------------------------------------------
CORN 24.07 .41 24.11 67.8% Bearish BLUE -.358 -.131 -.489
---------------------------------------------------------------------------------------------
WEAT 8.33 0 8.57 46.5% Bearish RED -.587 -.134 -.721
---------------------------------------------------------------------------------------------
YINN 80.2 -1.5 99.88 -737.2% Bullish BLUE .135 .062 .197
|
Table 2 Count of Stocks in Key Directories
20220713
-------------------------------
NEWHIGHS 3 + 23 = 26
NEWLOWS 211 + 296 = 507 >10:1 Bearish
Advances 1,390 vs 1,428
Declines 1,789 va 1,773
MAXCP 26
MINCP 17
TTTNH 24
TTTNL 9
CPCROSSA 56
CPCROSSD 37
HIGHIP21 17
HIUPPCT 3
VHIP21 33
LOWACCUM 239
REDSELL 154
AUGSELS7 14
TRAPDOOR 4
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/13/22
Bullish = 4
Bearish = 44
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .666 .678 .666 .528 .505 .459
CHINA .58 .56 .58 .64 .62 .6
HOMEBLDG .526 .473 .421 .473 .368 .368
BIOTECH .504 .47 .467 .495 .484 .437
===============================================================================================
BEVERAGE .5 .428 .428 .428 .428 .5
===============================================================================================
SOLAR .437 .437 .562 .812 .625 .375
HOSPITAL .375 .375 .375 .375 .375 .312
EDU .333 .333 .333 .333 .333 .166
DJI-13 .307 .384 .384 .461 .461 .384
JETS .307 .307 .23 .23 .23 .23
LOWPRICE .264 .24 .24 .259 .216 .19
COMPUTER .25 .2 .25 .3 .35 .3
HACKERS .25 .25 .2 .25 .3 .35
SOFTWARE .25 .267 .285 .339 .357 .214
AUTO .245 .264 .245 .301 .396 .169
NIFTY .239 .239 .217 .304 .282 .217
NASD-100 .237 .237 .237 .278 .278 .237
-----
GUNS .23 .23 .23 .23 .307 .23
RUS-1000 .227 .222 .22 .237 .222 .207
DOWJONES .2 .233 .2 .233 .266 .266
-----
SP-100 .188 .177 .188 .211 .222 .222
FIDSTKS .183 .183 .201 .236 .236 .224
INDEXES .178 .194 .221 .205 .227 .21
HIGHPRIC .171 .171 .218 .257 .265 .199
RETAIL .17 .148 .148 .17 .17 .106
COAL .166 .166 .166 .166 .166 .166
REIT .161 .169 .169 .169 .161 .169
REGBANKS .16 .16 .16 .2 .2 .16
ELECTRON .157 .142 .157 .187 .157 .15
GAMING .157 .157 .157 .263 .263 .157
SEMI .157 .136 .147 .189 .168 .147
MILITARY .153 .153 .153 .153 .153 .153
CHEM .152 .152 .152 .13 .217 .108
SP500 .148 .154 .175 .181 .199 .173
-----
COMODITY .128 .128 .179 .153 .153 .153
ETFS .127 .127 .145 .163 .163 .145
FOOD .122 .122 .183 .142 .142 .142
INFRA .121 .121 .121 .121 .09 .09
GREEN .105 .105 .105 .263 .21 .105
UTILITY .105 .105 .105 .105 .131 .157
MARIJUAN .1 .1 .1 .2 .2 .1
INDMATER .097 .097 .097 .097 .111 .083
FINANCE .085 .097 .097 .097 .121 .109
OILGAS .084 .084 .094 .094 .094 .075
INSURANC .08 .12 .12 .16 .2 .2
TRANSP .052 .052 .105 .105 .105 .105
GOLD .043 .021 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
|====================================================================================
Wednesday:
July 13: 5:55 AM (PCT)
Futures: DJI
-300 Data
Used for 7/11/2022 |
| |
Just out - 9.1% CPI increase over a year ago.
https://www.bls.gov/news.release/cpi.nr0.htm
The shock of the new 9.1% CPI number is hitting home.
The buyers-on-weakness have trusted the FED will not raise
rates so much as to cause
a recession in the US. And it's true the DJI has refused to
sell off even though
many expect today's CPI number to come in above 8.5%. With
any other FED
Chairman.this would have caused rates to be above 5% and perhaps a lot
more.
The 10-Bond year rates actually fell today (Tuesday) and our Bond Index
is almost
above its falling 65-dma. What gives? Hopes that this is
the peak?
Our Peerless Buy B9 and B8 have now achieved a small profit. The
Closing Powers
for DIA, SPY, QQQ and the NASDAQ, it's true, have fallen for the last
two days,
but not by much given the importance of today's CPI report. It
may turn out
again to be quite bullish that the CLosing Powers over the last two
weeks have
been much stronger than Opening Powers have. This I have shown
has often been
a very bullish combination: the Pros are usually right and those that
buy before
and at the opening are more often wrong when it comes to finding an end
to a
bear market.
So, wouldn't it be something, if the market (as measured by the major
indexes)
were to rally strongly after a weak opening? Will the 9.1% CPI
number today
crush the hope that this is the peak?. Look at how commodity
futures' prices have
fallen this last month.
After a climactic opening, the market could be preparing try to run in
the shorts
on the big indexes. But there are three technical major
problems with turning bullish
even if the DJIA should jump up today later in the day
(Wednesday). The first is the
V-Indicator and P-Indicator are so negative, we will almost
certainly get a Sell S9-S9V
if the DJI were to rally 600 points higher about 2%. The
second is that the five
biggest stocks in the SP-500 - see below - are now all
falling back from their
over-head resistance. The third is that there is
very little if any real leadership now.
Look how few bullish MAXCPs there were tonght and look at Table 3
where almost
no groups, except China and Bonds, have a bare majority of their
components
above their 65-dma.
Stay hedged with some of our bearish MINCP shorts.
The ratio of new lows
was again greater than 10-1. And one more bearish point.
Our Cumulative
Inverted Traders' Index is still falling and below its
21-dma. This unfortunattely
is reminiscent of Februrary 2020, which was a terrible time
to try to call a bottom
in the market. |
|
| |
July 12
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80712.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-12/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-12/BEARISH.htm |
|
Short-Term Rates shot
above 2%. Still very low
by historical standards.
 |
 |
 |
 |
Most Heavily Weighted Stocks in SP-500:
AAPL, MSFT, GOOG, AMZN, BRKB
All are falling back from ovehead resistance.
|
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/12/2022
Bullish = 2 YINN, IBB
Bearish = 8 - FAS, RETL, SOXL, GLD, OIH, CPER CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 309.97 -1.73 310.41 4.2% Bullish RED .045 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11264.73 -107.87 11361.85 -25.1% Bullish RED .052 -.038 .014
---------------------------------------------------------------------------------------------
SPY 380.83 -3.4 383.25 -14.7% Bullish RED .002 -.023 -.021
---------------------------------------------------------------------------------------------
QQQ 286.24 -2.8 288.8 -12.4% Bullish RED 0 -.041 -.041
---------------------------------------------------------------------------------------------
MDY 417.61 -.71 415.81 -8.6% ------- BLUE .031 -.023 .008
---------------------------------------------------------------------------------------------
IWM 171.47 -.59 171.55 -39.2% ------- RED -.001 -.013 -.014
---------------------------------------------------------------------------------------------
FAS 63.85 -1.11 64.6 -106.4% Bearish BLUE -.038 -.226 -.264 ---
---------------------------------------------------------------------------------------------
RETL 8.06 .03 7.95 -273.9% ------- ---- -.015 -.43 -.445 ---
---------------------------------------------------------------------------------------------
SOXL 12.97 .06 12.09 434.3% ------- RED -.022 -.407 -.429 ---
---------------------------------------------------------------------------------------------
TECL 29.38 -1.26 30.07 13% Bullish RED .077 -.298 -.221
---------------------------------------------------------------------------------------------
IBB 123.5 -.81 122.79 27.7% Bullish RED .304 .124 .428 +++
---------------------------------------------------------------------------------------------
GLD 160.83 -.6 162.14 -120.6% Bearish RED -.284 -.005 -.289 ---
---------------------------------------------------------------------------------------------
DBO 16.51 -1.16 16.6 -90.1% Bearish RED -.091 .003 -.088
---------------------------------------------------------------------------------------------
OIH 209.64 -7.81 210.11 -107% Bearish RED -.198 -.146 -.344 ---
---------------------------------------------------------------------------------------------
CPER 19.63 -1.02 20.78 -264.9% Bearish RED -.097 -.182 -.279 ---
---------------------------------------------------------------------------------------------
TAN 70.61 -2.44 71.06 -68.7% Bullish RED .002 .177 .179
---------------------------------------------------------------------------------------------
UUP 28.89 -.01 28.58 76.9% ------- ---- .013 .13 .143
---------------------------------------------------------------------------------------------
CORN 23.66 -1.41 23.74 43.2% Bearish RED -.314 -.125 -.439 ---
---------------------------------------------------------------------------------------------
WEAT 8.33 -.41 8.25 40.7% Bearish RED -.492 -.139 -.631 ---
---------------------------------------------------------------------------------------------
YINN 81.7 -2 93.62 -850.2% ------- RED .099 .224 .323 +++
|
Table 2 Count of Stocks in Key Directories
20220712
-------------------------------
NEWHIGHS 33
NEWLOWS 158 + 207 = 365 >10:1
MAXCP 4
MINCP 45
TTTNH 9
TTTNL 37
CPCROSSA 25
CPCROSSD 71
HIGHIP21 9
HIUPPCT 3
VHIP21 33
LOWACCUM 232
REDSELL 168
AUGSELS7 7
TRAPDOOR 11
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/12/22
Bullish = 2
Bearish = 47
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .678 .666 .528 .505 .459 .379
CHINA .56 .58 .64 .62 .6 .62
===============================================================================================
HOMEBLDG .473 .421 .473 .368 .368 .473
BIOTECH .47 .465 .498 .484 .434 .434
SOLAR .437 .562 .812 .625 .375 .375
BEVERAGE .428 .428 .428 .428 .5 .5
DJI-13 .384 .384 .461 .461 .384 .307
HOSPITAL .375 .375 .375 .375 .312 .312
EDU .333 .333 .333 .333 .166 .333
JETS .307 .23 .23 .23 .23 .23
SOFTWARE .267 .303 .339 .357 .214 .214
AUTO .264 .245 .301 .396 .169 .283
HACKERS .25 .2 .25 .3 .35 .3
LOWPRICE .243 .235 .261 .216 .187 .185
NIFTY .239 .217 .282 .282 .217 .195
NASD-100 .237 .237 .268 .278 .237 .247
-----
DOWJONES .233 .2 .233 .266 .266 .2
-----
GUNS .23 .23 .23 .307 .153 .23
RUS-1000 .222 .22 .237 .222 .207 .202
COMPUTER .2 .25 .3 .35 .25 .35
INDEXES .194 .221 .205 .227 .216 .205
FIDSTKS .183 .201 .236 .236 .224 .213
SP-100 .177 .188 .211 .222 .222 .188
HIGHPRIC .171 .218 .257 .265 .195 .191
REIT .169 .161 .176 .161 .169 .169
COAL .166 .166 .166 .166 .166 .166
REGBANKS .16 .16 .2 .2 .16 .2
GAMING .157 .157 .21 .315 .157 .21
SP500 .154 .175 .181 .197 .173 .154
-----
MILITARY .153 .153 .153 .153 .153 .115
CHEM .152 .152 .152 .195 .152 .13
RETAIL .148 .148 .17 .17 .106 .127
ELECTRON .142 .157 .187 .157 .142 .157
SEMI .136 .147 .189 .168 .136 .147
COMODITY .128 .179 .153 .153 .153 .153
ETFS .127 .145 .163 .163 .163 .145
FOOD .122 .183 .142 .142 .122 .122
INFRA .121 .121 .121 .09 .09 .09
INSURANC .12 .12 .16 .2 .2 .12
GREEN .105 .105 .263 .21 .105 .105
UTILITY .105 .105 .105 .131 .131 .105
MARIJUAN .1 .1 .2 .2 .1 .1
FINANCE .097 .097 .097 .109 .109 .097
INDMATER .097 .097 .097 .111 .097 .083
OILGAS .084 .094 .094 .094 .075 .075
TRANSP .052 .105 .105 .105 .105 .105
GOLD .021 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
==================================================================================
Tuesday:
July 12: 5:45 AM (PCT)
Futures: DJI -182 NASDAQ +26 Data Used for 7/11/2022
| |
The operative Peerless Buy B9-B8 tell us that DJI
- 30000 will probably hold up if
tested, the weakness today (Monday) at the close was a warning
that Wesnesday's
CPI number could bring another sell-off, just as it did a month
ago.
The mid-day rally Monday failed badly as the DJI fell more than
200 in the last few hours
after a recovery into possitive territory. The White House
put out word that the Inflation
numbers would be very bad, but quickly added that that would be
misleading and no
one should panic. Of course, they did. Professionals
are smart enough not to believe
such tales and were heavy sellers. Volume on the NYSE was
two times higher per
falling stock than per rising stock. This is 1/MKDS.
Don't be fooled The DJI did not break below is 21-day ma,
but that moving average
will offer little support since it is falling at an annualized rate of -71% downward. The
QQQ and NASDAQ now show optimized red sells and their Closing Powers
have
hooked down. With Down Volume so high and momentum quite
negative, however,
we measure it, the next support level down - the recent lows - must be
tested.
Hedging is working out. While, many of the previously strong
MAXCP-biotechs
fell more than two points, VRTX, MRK, LLY and the highest priced DJI-30
stock,
UNH, did not. What worked out nicely for us were the jmmp in new
lows. Today
they outpaced new highs by more than 10-1, when the NYSE and NASDAQ
are combined as in Table 2. They included very significant drops
among a number
of our bearish MINCPs.
I can't accord the Sell S8 from our 2006 version of Peerless the status
of being our
current signal - in part, because it's exact definition has been lost -
but it's Help
routine's warning was appropriate. It appears as though, the DJI
will soon be testing
its lows near 30,000. So stay hedged. Our bearish MINCPs
are falling faster than
our MAXCPs by a decent margin. |
|
| |
July 11
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80711.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-11/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-11/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/11/2022
Bullish = 2 YINN, IBB
Bearish = 7 - FAS, RETL, SOXL, GLD, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
DIA 311.7 -1.76 309.71 13.6% ------- ---- .028 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11372.6 -262.71 11322.24 107.2% Bullish RED .054 -.025 .029
---------------------------------------------------------------------------------------------
SPY 384.23 -4.44 381.96 38.8% ------- RED -.024 -.015 -.039
---------------------------------------------------------------------------------------------
QQQ 289.04 -6.31 286.96 119.3% Bullish RED -.016 -.023 -.039
---------------------------------------------------------------------------------------------
MDY 418.32 -5.03 418.33 -6.3% ------- RED .004 -.027 -.023
---------------------------------------------------------------------------------------------
IWM 172.06 -3.53 172.83 18.7% ------- RED -.019 -.016 -.035
---------------------------------------------------------------------------------------------
FAS 64.96 -1.74 65.25 -42.5% Bearish RED -.048 -.209 -.257 ---
---------------------------------------------------------------------------------------------
RETL 8.03 -.64 8.52 192% ------- RED -.028 -.426 -.454 ----
---------------------------------------------------------------------------------------------
SOXL 12.91 -1 11.85 518.5% ------- RED -.036 -.348 -.384
---------------------------------------------------------------------------------------------
TECL 30.64 -1.35 29.3 396% Bullish RED .07 -.218 -.148
---------------------------------------------------------------------------------------------
IBB 124.31 -2.35 122.81 167.4% Bullish RED .269 .108 .377
---------------------------------------------------------------------------------------------
GLD 161.43 -.87 164.75 -210.1% Bearish RED -.252 -.019 -.271
---------------------------------------------------------------------------------------------
DBO 17.67 -.04 16.82 -233.2% Bearish BLUE -.049 .056 .007
---------------------------------------------------------------------------------------------
OIH 217.45 -5.23 214.29 -322.2% Bearish RED -.232 -.121 -.353
---------------------------------------------------------------------------------------------
CPER 20.65 -.61 20.74 -276.1% Bearish RED -.03 -.171 -.201
---------------------------------------------------------------------------------------------
TAN 73.05 -3.63 71.62 71.6% Bullish RED .025 .203 .228
---------------------------------------------------------------------------------------------
UUP 28.9 .33 28.45 149.4% ------- ---- .063 .114 .177
---------------------------------------------------------------------------------------------
CORN 25.07 -.1 23.45 95% Bearish RED -.292 -.102 -.394
---------------------------------------------------------------------------------------------
WEAT 8.74 -.41 8.26 64.2% Bearish RED -.399 -.131 -.53
---------------------------------------------------------------------------------------------
YINN 83.7 -12.47 97.72 -784.4% ------- RED .045 .263 .308
|
Table 2 Count of Stocks in Key Directories
20220711
-------------------------------
NEWHIGHS 5 + 23 = 28
NEWLOWS 132 + 179 = 311
MAXCP 15
MINCP 44
Advances 979 vs 1,497
Declines 2,233 va 1,708
TTTNH 7
TTTNL 57
CPCROSSA 8
CPCROSSD 130
HIGHIP21 12
HIUPPCT 3
VHIP21 33
LOWACCUM 230
REDSELL 179
AUGSELS7 6
TRAPDOOR 39
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/11/22
Bullish = 3
Bearish = 46
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BONDFUND .666 .528 .505 .459 .379 .229
CHINA .58 .64 .62 .6 .62 .64
SOLAR .562 .812 .625 .375 .375 .5
=================================================================================================
BIOTECH .465 .498 .484 .434 .431 .359
BEVERAGE .428 .428 .428 .5 .5 .571
HOMEBLDG .421 .473 .368 .368 .473 .21
DJI-13 .384 .461 .461 .384 .307 .384
HOSPITAL .375 .375 .375 .312 .312 .312
EDU .333 .333 .333 .166 .333 .5
SOFTWARE .303 .357 .357 .214 .196 .178
COMPUTER .25 .3 .35 .25 .3 .3
AUTO .245 .301 .396 .169 .283 .188
LOWPRICE .238 .259 .216 .187 .177 .169
NASD-100 .237 .268 .268 .237 .247 .206
=====
GUNS .23 .23 .307 .153 .23 .307
JETS .23 .23 .23 .23 .23 .23
INDEXES .221 .205 .227 .216 .21 .205
RUS-1000 .22 .237 .222 .207 .194 .184
HIGHPRIC .218 .257 .265 .195 .187 .152
NIFTY .217 .282 .26 .217 .195 .152
FIDSTKS .201 .236 .236 .224 .213 .218
DOWJONES .2 .233 .266 .266 .2 .266
=====
HACKERS .2 .25 .3 .35 .25 .25
SP-100 .188 .211 .222 .222 .188 .233
FOOD .183 .142 .142 .122 .122 .183
COMODITY .179 .153 .153 .153 .153 .153
SP500 .175 .181 .197 .171 .154 .164
=====
COAL .166 .166 .166 .166 .166 .166
REIT .161 .169 .169 .169 .169 .176
REGBANKS .16 .2 .2 .16 .2 .2
ELECTRON .157 .187 .157 .142 .142 .142
GAMING .157 .21 .263 .21 .21 .157
MILITARY .153 .153 .153 .153 .115 .192
CHEM .152 .152 .217 .13 .152 .173
RETAIL .148 .17 .17 .106 .127 .063
SEMI .147 .189 .168 .136 .136 .147
ETFS .145 .163 .163 .163 .163 .145
INFRA .121 .121 .09 .09 .09 .09
INSURANC .12 .16 .2 .2 .12 .24
GREEN .105 .263 .21 .105 .105 .21
UTILITY .105 .105 .131 .131 .105 .263
TRANSP .105 .105 .105 .105 .105 .105
MARIJUAN .1 .2 .2 .1 .1 .1
FINANCE .097 .097 .109 .097 .097 .097
INDMATER .097 .097 .111 .097 .083 .111
OILGAS .094 .094 .094 .075 .075 .113
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
===================================================================================
Monday:
July 11: 5:55 AM (PCT)
Futures: DJI -183 NASDAQ -108 Data Used for 7/8/2022
| |
An overseas selling wave is again hitting
the market this morning. Will Professionals
continue to support the market, as they have for the last
two weeks? The 2006 version
of Peerless gave a Sell S8 on Friday's close. The
current version of Peerless did not.
When one builds a new Sell based on the key Peerless values
as of Friday's close we
find since the year 2000, 3 good signals (10/31/2008,
2/9/2009 and 9/16/2016 but
4 bad signals based on these key values (10/10/2001,
10/14/2002, 3/16/2009 and
4/16/2020). Sometimes, the markets falls off from the
1% upper band with lots
of negative readings, but more often it goes higher,
sometimes considerably higher.
Accordingly, I think we will do best here by being hedged
with some bearish MINCPs
and long some strong Biotech MAXCPs. And wait the
Closing Power to tells us
what to do.
As you can see from the bounce up in the Crude Oil chart
below, it would be
premature to dismiss Inflation at this stage. On
Wednesday morning, the new CPI
numbers come out. While Food Prices and Metals have
stayed weak, crude oil
is recovering. We will watch it closely. But
know that prices are "sticky". Even
if they decline as we look at their charts, in the stores
and at the pumps, they may
not turn down so quickly. If the CPI stays above 8%,
there is a good chance the
FED will raises by 3/4%. That will be bearish for the
market. Since Professionals
often know what the FED will be doing days before we find
out in the newspapers,
watch closely to see how the DJI behaves in the second half
of trading on Monday. |
|
| |
July 8
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80708.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-08/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-08/BEARISH.htm
Closing Power Buy B7s on Tiger Charts of SP-500 Stocks
http://tigersoftware.com/CPBULLS/B7S7822.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/8/2022
Bullish = 2 YINN, IBB
Bearish = 6 - RETL, SOXL, GLD, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
DIA 313.46 -.49 310.85 90.8% ------- BLUE .035 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11635.31 13.96 11127.85 268.6% Bullish BLUE 0 -.011 -.011
---------------------------------------------------------------------------------------------
SPY 388.67 -.32 381.24 149.3% ------- BLUE -.029 -.009 -.038
---------------------------------------------------------------------------------------------
QQQ 295.35 .37 282.13 262.9% Bullish BLUE -.009 -.012 -.021
---------------------------------------------------------------------------------------------
MDY 423.35 -1.32 418.85 117.9% ------- RED .001 -.021 -.02
---------------------------------------------------------------------------------------------
IWM 175.59 -.02 171.41 180.9% ------- BLUE -.011 -.008 -.019
---------------------------------------------------------------------------------------------
FAS 66.7 -.67 65.52 276.2% Bearish RED -.052 -.195 -.247
---------------------------------------------------------------------------------------------
RETL 8.67 -.15 7.71 715.9% ------- ---- -.012 -.397 -.409
---------------------------------------------------------------------------------------------
SOXL 13.91 .2 11.6 324.8% ------- BLUE -.037 -.323 -.36
---------------------------------------------------------------------------------------------
TECL 31.99 .08 28.24 664% ------- BLUE .063 -.161 -.098
---------------------------------------------------------------------------------------------
IBB 126.66 .84 120.17 370.6% Bullish BLUE .284 .118 .402
---------------------------------------------------------------------------------------------
GLD 162.3 .07 168.32 -186.5% Bearish ---- -.251 -.028 -.279
---------------------------------------------------------------------------------------------
DBO 17.71 .49 18.48 -151.7% Bearish ---- -.054 .049 -.005
---------------------------------------------------------------------------------------------
OIH 222.68 1.09 231.63 -223.4% Bearish RED -.244 -.102 -.346
---------------------------------------------------------------------------------------------
CPER 21.26 -.08 21.82 -224.5% Bearish RED -.027 -.153 -.18
---------------------------------------------------------------------------------------------
TAN 76.68 1.66 72 366.3% Bullish BLUE .039 .287 .326
---------------------------------------------------------------------------------------------
UUP 28.57 -.02 28.05 107.7% Bullish ---- .037 .102 .139
---------------------------------------------------------------------------------------------
CORN 25.17 1.06 24.61 2.1% Bearish BLUE -.276 -.095 -.371
---------------------------------------------------------------------------------------------
WEAT 9.15 .58 8.63 64.3% Bearish BLUE -.37 -.102 -.472
---------------------------------------------------------------------------------------------
YINN 96.17 -3.71 98.96 -125.8% ------- RED .102 .56 .662
|
Table 2 Count of Stocks in Key Directories
20220708
-------------------------------
NEWHIGHS 7 + 27 = 54
NEWLOWS 56 + 83 = 139
Advances 1,497 vs 2,494
Declines 1,708 vs 752
MAXCP 31
MINCP 35
TTTNH 25
TTTNL 51
CPCROSSA 12
CPCROSSD 79
ACCUMVER 39
HIGHIP21 8
HIUPPCT 3
VHIP21 33
LOWACCUM 226
REDSELL 175
AUGSELS7 5
TRAPDOOR 6
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/8/22
Bullish = 3
BEARISH = 46
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SOLAR .812 .625 .375 .375 .5 .375
CHINA .64 .62 .6 .62 .64 .62
BONDFUND .528 .505 .459 .379 .229 .126
==========================================================================================================
BIOTECH .498 .484 .434 .431 .35 .311
HOMEBLDG .473 .368 .368 .473 .21 .052
DJI-13 .461 .461 .384 .307 .384 .23
BEVERAGE .428 .428 .5 .5 .571 .357
HOSPITAL .375 .375 .312 .312 .312 .25
SOFTWARE .357 .375 .214 .196 .178 .196
EDU .333 .333 .166 .333 .5 .5
AUTO .301 .396 .169 .283 .188 .169
COMPUTER .3 .35 .25 .3 .3 .25
NIFTY .282 .26 .195 .195 .152 .173
NASD-100 .268 .268 .226 .247 .206 .123
=====
GREEN .263 .21 .105 .105 .21 .21
LOWPRICE .261 .214 .187 .177 .166 .185
HIGHPRIC .257 .265 .195 .187 .152 .128
HACKERS .25 .3 .35 .25 .25 .25
RUS-1000 .237 .222 .207 .194 .182 .159
FIDSTKS .236 .236 .224 .213 .218 .142
DOWJONES .233 .266 .266 .2 .266 .166
-----
GUNS .23 .307 .153 .23 .307 .23
JETS .23 .23 .23 .23 .23 .23
SP-100 .211 .222 .222 .188 .233 .133
GAMING .21 .263 .157 .263 .157 .052
INDEXES .205 .227 .216 .21 .205 .183
MARIJUAN .2 .2 .1 .1 .1 .1
REGBANKS .2 .2 .16 .2 .2 .16
SEMI .189 .168 .136 .136 .136 .178
ELECTRON .187 .157 .142 .142 .135 .187
SP500 .181 .197 .171 .152 .164 .11
-----
RETAIL .17 .17 .106 .127 .063 .063
REIT .169 .161 .176 .169 .176 .13
COAL .166 .166 .166 .166 .166 .166
ETFS .163 .163 .163 .163 .163 .145
INSURANC .16 .2 .2 .12 .24 .16
COMODITY .153 .153 .153 .153 .153 .128
MILITARY .153 .153 .153 .115 .192 .153
CHEM .152 .217 .152 .13 .195 .173
FOOD .142 .142 .122 .122 .183 .142
INFRA .121 .09 .09 .09 .09 .09
UTILITY .105 .131 .131 .105 .21 .105
TRANSP .105 .105 .105 .105 .105 .052
FINANCE .097 .109 .097 .085 .097 .073
INDMATER .097 .111 .097 .083 .111 .111
OILGAS .094 .094 .075 .075 .113 .113
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
====================================================================================
Friday:
July 8: 5:55 AM (PCT)
Futures: DJI +33 NASDAQ -41 Data Used for 7/7/2022
| |
The Peerless Buys and the
rising steeply Closing Powers did what
they were supposed to do: namely, lead us to
expect a rally in the durection
of the 2.5% upper band on the DJI. The
rally was broad-based. There
more than 2400 advancers on the NYSE and the
ratio of new lows to
highs fell to about 5:1. Today's
Jobs' Report we reasoned would be
better than the recession-thinking bears
believed likely. And it was.
372,000 new jobs were created and the
Unemployment level remained
unchanged. This will surprise the bears
and should cause more short-
covering. At the same time, unless
inflation moderates, it will offer
proof to the hawks on the FOMC that rates
should be raised by 3/4%.
Such a prospect should temper the present
rally. And that is also our
technical expectation. The DJI now stands
0.9% over the 21-dma. I
would expect a rally of 1.6% higher (about 500
points) to bring a
reversing Sell S9 because of how negative the
V-Indicator is.
For now, though, the Closing Powers are rising.
Weakness in the
opening will only be a problem if Professionals
start to sell and cause
our Closing Power to hook downward. As
long as the Closing
Powers for DIA, COMPQX (NASDAQ), SPY and QQQ
keep
rising, I think we should be short-term
bullish. Because of the
overhead resistance and seemingly limited
upside potential in the
DIA, I have recommended the strongest biotechs.
See how IBB
is now bullishly back above its 65-dma. Hold
some of the weakest
Bearish MINCPs short to hedge.
|
|
| |
July 7
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80707.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-07/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-07/BEARISH.htm |
|
DJI - Peerless Buys versus falling 65-dma and very negative V-I readings.
 |
DIA - Closing Power is rising, Opening Power is falling
 |
NASDAQ (COMPQX) - Closing Power is rising, Opening Power is falling
 |
SPY - Closing Power is rising, Opening Power is falling
 |
QQQ - Closing Power is rising, Opening Power is falling
 |
IBB - Nasdaq Biotechs have bullishly moved above 65-dma
 |
AAPL - Most influential single stock - Closing Power is rising, Opening Power is
falling
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/7/2022
Bullish = 2 YINN, IBB
Bearish = 6 - FAS, RETL, SOXL, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
DIA 313.95 3.54 307.82 63% Bullish BLUE .067 ----- ----
---------------------------------------------------------------------------------------------
COMPQX 11621.35 259.5 11028.74 197.9% Bullish BLUE 0 -.028 -.028
---------------------------------------------------------------------------------------------
SPY 388.99 5.74 377.25 113.6% Bullish BLUE -.01 -.014 -.024
---------------------------------------------------------------------------------------------
QQQ 294.98 6.18 280.28 196.6% Bullish BLUE -.004 -.027 -.031
---------------------------------------------------------------------------------------------
MDY 424.67 8.86 413.49 83.5% Bearish BLUE .038 -.025 .013
---------------------------------------------------------------------------------------------
IWM 175.61 4.06 169.36 143.7% Bullish BLUE .016 -.016 0
---------------------------------------------------------------------------------------------
FAS 67.37 2.77 63.1 214.3% Bearish BLUE -.023 -.228 -.251 --
---------------------------------------------------------------------------------------------
RETL 8.82 .87 7.51 407.7% ------- BLUE .012 -.423 -.411 --
---------------------------------------------------------------------------------------------
SOXL 13.71 1.62 13.1 64.3% ------- BLUE -.047 -.388 -.435 --
---------------------------------------------------------------------------------------------
TECL 31.91 1.84 28.07 458.8% Bullish BLUE .056 -.227 -.171
---------------------------------------------------------------------------------------------
IBB 125.82 3.03 117.63 325.5% Bullish BLUE .293 .091 .384
---------------------------------------------------------------------------------------------
GLD 162.23 .09 168.46 -217.8% Bearish RED -.222 -.006 -.228
---------------------------------------------------------------------------------------------
DBO 17.22 .62 18.24 -452.4% Bearish BLUE -.05 .058 .008
---------------------------------------------------------------------------------------------
OIH 221.59 11.48 232.6 -370.5% Bearish BLUE -.202 -.084 -.286
---------------------------------------------------------------------------------------------
CPER 21.34 .56 22.22 -336.8% Bearish BLUE -.003 -.139 -.142
---------------------------------------------------------------------------------------------
TAN 75.02 3.96 71.39 401% Bullish BLUE -.007 .251 .244
---------------------------------------------------------------------------------------------
UUP 28.59 .01 27.96 95.7% ------- ---- .028 .13 .158
---------------------------------------------------------------------------------------------
CORN 24.11 .37 25.16 -434.2% Bearish RED -.308 -.1 -.408
---------------------------------------------------------------------------------------------
WEAT 8.57 .32 9.04 -521.1% Bearish ---- -.359 -.117 -.476
---------------------------------------------------------------------------------------------
YINN 99.88 6.26 98.63 46.6% Bullish BLUE .181 .534 .715
|
Table 2 Count of Stocks in Key Directories
20220707
-------------------------------
NEWHIGHS 11 + 24 = 35
NEWLOWS 59 + 118 = 177
Advances 2,494 vs 1,240
Declines 752 vs 2,013
MAXCP 33
MINCP 24
TTTNH 30
TTTNL 24
CPCROSSA 65
CPCROSSD 36
ACCUMVER 38
HIGHIP21 13
HIUPPCT 3
VHIP21 33
LOWACCUM 239
REDSELL 167
AUGSELS7 5
TRAPDOOR 5
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
Bullish = 3
Bearish = 46
7/7/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SOLAR .625 .375 .375 .5 .375 .187
CHINA .62 .6 .62 .64 .62 .62
BONDFUND .505 .459 .379 .229 .126 .126
---------------------------------------------------------------------------------
BIOTECH .484 .434 .431 .35 .303 .311
DJI-13 .461 .384 .307 .384 .23 .307
BEVERAGE .428 .5 .5 .571 .357 .428
AUTO .396 .169 .283 .188 .15 .264
HOSPITAL .375 .312 .312 .312 .25 .25
SOFTWARE .375 .232 .196 .178 .196 .214
HOMEBLDG .368 .368 .473 .21 .052 0
COMPUTER .35 .25 .3 .3 .25 .2
EDU .333 .166 .333 .5 .333 .333
GUNS .307 .153 .23 .307 .23 .153
HACKERS .3 .35 .25 .25 .25 .25
NASD-100 .268 .226 .237 .206 .123 .164
DOWJONES .266 .266 .2 .266 .166 .2
HIGHPRIC .265 .195 .187 .152 .125 .136
GAMING .263 .157 .21 .21 .052 .157
NIFTY .26 .195 .173 .152 .173 .173
MARIJUAN .25 .25 .25 .25 .25 0
FIDSTKS .236 .224 .213 .218 .136 .153
JETS .23 .23 .23 .23 .23 .23
INDEXES .227 .216 .21 .205 .178 .189
RUS-1000 .222 .207 .194 .182 .149 .179
SP-100 .222 .222 .188 .233 .122 .155
CHEM .217 .152 .152 .173 .195 .152
LOWPRICE .216 .185 .177 .166 .182 .19
GREEN .21 .105 .105 .21 .21 .105
INSURANC .2 .2 .12 .24 .16 .08
REGBANKS .2 .16 .2 .2 .16 .16
SP500 .197 .171 .152 .162 .106 .118
RETAIL .17 .106 .127 .063 .042 .085
SEMI .168 .136 .136 .136 .147 .147
COAL .166 .166 .166 .166 .166 .166
ETFS .163 .163 .163 .163 .163 .145
REIT .161 .169 .176 .176 .13 .138
ELECTRON .157 .142 .142 .135 .165 .165
COMODITY .153 .153 .153 .153 .128 .179
MILITARY .153 .153 .115 .192 .153 .153
FOOD .142 .122 .122 .183 .142 .224
UTILITY .131 .131 .105 .21 .105 .052
INDMATER .111 .097 .083 .111 .111 .097
FINANCE .109 .097 .085 .085 .073 .073
TRANSP .105 .105 .105 .105 .052 .052
OILGAS .094 .075 .075 .113 .113 .132
INFRA .09 .09 .09 .09 .09 .06
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
====================================================================================
Thursday:
July 7: 5:50 AM (PCT)
Futures: DJI +139 NASDAQ+60 Data
Used for 7/6/2022
| |
Peerless remains on its Buys and our
Closing Power for the key ETFs shown
below rose again. The DJI has almost reached its
21-day ma. If it can get past
that barrier, it should be able to rise aother 2.5%.
But at that point, we will
almost certainly get a Sell S9-V because the V-I is so
negative and it will have
no chance of becoming poisitive in the next two weeks.
What's behind this Professional Buying? Hopes that
three positive developments
will soon occur. First, that the Jobs Report on
Friday morning does not show
a recession is occurring. Second, that the CPI and
Prducer Price reports
demonstrate that the rate of inflation is starting to
moderate. Third, that the FED
will choose not to raise its short-term rates for banks by
3/4% or even
1/2% this month.
I expect the first two. But the third is doubtful.
The FED dropped the ball
on Inflation last Fall. It will not want to make that
mistake again, even if it
hurts the economy. If they do raise rates by 3/4%,
it's difficult to see how
this will not drive stock prices down and we will see a
retest of 30000 on
the DJI.
There is a chance, of course, that the rising Closing
Powers we see now
are just the way NY Professionals have of trying to get a
rally started
so that they can get out of the inventory of stocks that
they were forced
to buy on the recent decline. Supporting that
argument is how high priced
United Health Car in DJI rose an inordinately high 10
points today, thereby
single-handedly lifting the DJI by 65 points in an
otherwise mostly flat
DJI-30 day. But are the Professionals just
manipulating prices?
We'll know soon enough if the Professionals are simply
trying to boost
the DJI to hold off the inevitable next leg down. If
this bearish scenario
is about to play out , we will likely see another deep drop
on a very
weak close. That will cause all our modestly rising
CLosing Power uptrends
to be violated.
There is still hope, however, that the Professionals are
authentically
bullish and we are seeing base-building in preparation for
a much bigger
advance, very much like what took place at the bottoms in
1998, 2003,
2009, 2018 and 2020. (See yesterday's hotline).
The ratio of new lows to new highs is still more than 10:1.
There were
more than 2000 decliners on the NYSE. So hedging with
bearish
MINCPs seems best. Because the upside is so limited
(2.5%) with
the DJI, it probably is still best to buy some of the
Bullish MAXCP
biotechs rather than DIA. |
|
| |
July 6
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80706.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-06/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-06/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/6/2022
Bullish = 2 YINN, IBB
Bearish = 6 - FAS, RETL, SOXL, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
DIA 310.41 .7 310.05 17.3% Bullish BLUE .03 ---- ----
---------------------------------------------------------------------------------------------
COMPQX 11361.85 39.61 11177.89 80.7% ------- BLUE -.032 -.033 -.065
---------------------------------------------------------------------------------------------
SPY 383.25 1.29 380.34 34.2% ------- BLUE -.052 -.018 -.07
---------------------------------------------------------------------------------------------
QQQ 288.8 1.84 283.8 92.8% ------- BLUE -.057 -.03 -.087
---------------------------------------------------------------------------------------------
MDY 415.81 -2.52 417.71 -60.4% Bearish RED .002 -.034 -.032
---------------------------------------------------------------------------------------------
IWM 171.55 -1.28 170.69 -26% ------- RED -.02 -.027 -.047
---------------------------------------------------------------------------------------------
FAS 64.6 -.65 64.6 -114% Bearish RED -.069 -.249 -.318 --
---------------------------------------------------------------------------------------------
RETL 7.95 -.57 8.17 -497.9% ------- RED -.041 -.447 -.488
---------------------------------------------------------------------------------------------
SOXL 12.09 .24 13.55 -955% ------- BLUE -.105 -.423 -.528
---------------------------------------------------------------------------------------------
TECL 30.07 .77 29.25 170.2% ------- BLUE .008 -.234 -.226
---------------------------------------------------------------------------------------------
IBB 122.79 -.02 117.99 227.8% Bullish ---- .238 .08 .318
---------------------------------------------------------------------------------------------
GLD 162.14 -2.61 169.49 -222.4% Bearish RED -.222 -.018 -.24
---------------------------------------------------------------------------------------------
DBO 16.6 -.22 18.83 -728.4% Bearish BLUE -.036 .013 -.023
---------------------------------------------------------------------------------------------
OIH 210.11 -4.18 238.29 -701% Bearish RED -.211 -.168 -.379
---------------------------------------------------------------------------------------------
CPER 20.78 .04 22.8 -437.5% Bearish BLUE .018 -.171 -.153
---------------------------------------------------------------------------------------------
TAN 71.06 -.56 69.32 -80.6% ------- RED -.119 .184 .065
---------------------------------------------------------------------------------------------
UUP 28.58 .13 28.05 122.9% ------- ---- .045 .139 .184
---------------------------------------------------------------------------------------------
CORN 23.74 .29 26.25 -508.9% Bearish BLUE -.263 -.097 -.36
---------------------------------------------------------------------------------------------
WEAT 8.25 -.01 9.48 -690.4% Bearish RED -.266 -.138 -.404
---------------------------------------------------------------------------------------------
YINN 93.62 -4.1 98.97 -351.6% ------- RED .122 .408 .53
|
Table 2 Count of Stocks in Key Directories
20220706
-------------------------------
NEWHIGHS 12 + 25 = 37
NEWLOWS 183 + 207 = 390 Still 10:1 (bearish)
Advances 1,240 vs 1,469
Declines 2,013 vs 1,786
MAXCP 34
MINCP 77
TTTNH 22
TTTNL 124
CPCROSSA 13
CPCROSSD 149
ACCUMVER 38
HIGHIP21 11
HIUPPCT 2
VHIP21 33
LOWACCUM 245
REDSELL 170
AUGSELS7 4
TRAPDOOR 14
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/6/22
Bullish = 1
Bearish = 47
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .6 .62 .64 .62 .62 .64
------------------------------------------------------------------------------------------------
BEVERAGE .5 .5 .571 .357 .428 .5
------------------------------------------------------------------------------------------------
BONDFUND .459 .379 .229 .126 .137 .08
BIOTECH .434 .431 .35 .303 .314 .278
DJI-13 .384 .307 .384 .23 .307 .153
SOLAR .375 .375 .5 .375 .187 .437
HOMEBLDG .368 .473 .21 .052 0 0
HACKERS .35 .25 .25 .25 .25 .3
HOSPITAL .312 .312 .312 .25 .25 .25
DOWJONES .266 .2 .266 .166 .2 .1
COMPUTER .25 .3 .3 .25 .2 .3
MARIJUAN .25 .25 .25 .25 0 0
SOFTWARE .232 .214 .178 .196 .214 .196
JETS .23 .23 .23 .23 .23 .23
NASD-100 .226 .237 .195 .123 .164 .134
FIDSTKS .224 .213 .218 .136 .153 .124
SP-100 .222 .188 .233 .122 .155 .122
INDEXES .216 .21 .205 .178 .189 .178
RUS-1000 .207 .194 .182 .149 .177 .177
INSURANC .2 .12 .24 .16 .12 .12
HIGHPRIC .195 .187 .152 .125 .136 .132
NIFTY .195 .173 .13 .173 .173 .173
LOWPRICE .187 .174 .166 .182 .187 .185
SP500 .171 .152 .162 .104 .118 .116
AUTO .169 .283 .188 .15 .264 .339
REIT .169 .169 .184 .13 .138 .153
COAL .166 .166 .166 .166 .166 .166
EDU .166 .333 .5 .333 .333 .5
ETFS .163 .163 .163 .163 .163 .145
REGBANKS .16 .2 .2 .16 .16 .24
GAMING .157 .21 .157 .105 .157 .105
COMODITY .153 .153 .153 .128 .179 .205
GUNS .153 .23 .307 .23 .153 .307
MILITARY .153 .115 .192 .153 .153 .153
CHEM .152 .152 .195 .173 .173 .173
ELECTRON .142 .142 .135 .165 .15 .187
SEMI .136 .136 .136 .147 .136 .178
UTILITY .131 .105 .21 .105 .052 .052
FOOD .122 .122 .183 .142 .224 .224
RETAIL .106 .127 .063 .042 .085 .085
GREEN .105 .105 .21 .21 .105 .263
TRANSP .105 .105 .105 .052 .052 .052
FINANCE .097 .085 .085 .06 .073 .085
INDMATER .097 .083 .111 .111 .097 .097
INFRA .09 .09 .09 .09 .06 .09
OILGAS .075 .075 .113 .113 .132 .207
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
====================================================================================
Wednesday: July
6: 5:45 AM (PCT) Futures:
DJI -75 NASDAQ -50 Data Used for 7/5/2022
| |
Peerless still shows a Buy B9-B8 and
our Closing Powers are bullishly rising
while the Opening Powers are falling. Bearish
talk of recession is widespread,
yet the DJI does not choose to break its
20%-down-from-its-highs support
at 29400. Unfortunately, the broader market as
measured by the A/D Line
and the ratio of new lows to highs is clearly weak.
How much longer can
DIA be so independent? As long as we hedge,
buying the strongest and
shorting the weakest, we can happily wait for an
answer.
We are now seeing a trading tug-of-war beween
overseas sellers and the part of
the American public that trades at the opening,
on the one hand, and .
Professional traders that watch and make use of
the full day's trading in New York,
on the other. Or in terms of Tiger, the
Opening Powers are falling steeply and
the Closing Powers for the major ETFs are
rising. See the charts below.
This is often extremely bullish. See the
examples of the bear markets since
1998. In each case, this tug-of-war was
resolved favoring Professionals
at a major bottom.
The fall in Crude Oil and Food prices
accelerated today. The 10-year rates
have broken their uptrends because the rate of
inflation in the US is likely now
to stop rising. This could give the FED
reason to pause, at least, in raising rates.
But inflation, labor costs and labor unrest in
Europe is greater. They are on the
doorstep of the fighting in Ukraine and are
much more dependent on Russian
oil and gas as well as Ukrainian grains.
As a result, Europe may already be in
recession. Certainly, economic pessimism
there as measured by the Euro's
drop to a 20-year low versus the Dollar is
framing the sentiments of the
sellers before and at the opening.
In the past NY traders have usually been right
when they bought up the
shares offered at the opening, as now.
So, traders here should buy
DIA, SPY and QQQ on reversed early
weakness as the DJI tests 30000.
We should still hold our bearish MINCPs
short, as a hedge. There are many
more new lows than new highs.
|
|
| |
July 5
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80705.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-05/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-05/BEARISH.htm |
|
 
|
 |
DIA - 1998 Bottom featured aggressive Professional Buying
 |
DIA - 2003 Bottom featured aggressive Professional Buying
 |
DIA - 2009 Bottom featured more aggressive Professional Buying
 |
DIA - 2018 Bottom featured very aggressive Professional Buying
 |
DIA - 2020 Bottom featured super-aggressive Professional Buying
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1
Table 1 QUICKSILVER on ETFS - 7/1/2022
Bullish = 2 YINN, IBB, UP
Bearish = 7 - FAS, RETL, SOXL, TECL, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
DIA 309.71 -1.14 309.34 -74.9% ------- BLUE -.005 0 -.005
---------------------------------------------------------------------------------------------
COMPQX 11322.24 194.39 11181.54 -90.3% ------- BLUE -.053 -.031 -.084
---------------------------------------------------------------------------------------------
SPY 381.96 .72 380.65 -86.9% ------- BLUE -.078 -.019 -.097
---------------------------------------------------------------------------------------------
QQQ 286.96 4.83 283.54 -96.5% ------- BLUE -.091 -.032 -.123
---------------------------------------------------------------------------------------------
MDY 418.33 -.52 420.86 -103.1% Bearish BLUE -.003 -.026 -.029
---------------------------------------------------------------------------------------------
IWM 172.83 1.42 172.44 -84.6% ------- BLUE -.011 -.017 -.028
---------------------------------------------------------------------------------------------
FAS 65.25 -.27 66.08 -213.8% Bearish BLUE -.092 -.275 -.367 -
---------------------------------------------------------------------------------------------
RETL 8.52 .81 8.76 -774.4% ------- BLUE -.017 -.446 -.463 -
---------------------------------------------------------------------------------------------
SOXL 11.85 .25 14.56 -1439.3% ------- BLUE -.132 -.439 -.571 -
---------------------------------------------------------------------------------------------
TECL 29.3 1.06 29.09 -451.9% ------- BLUE -.015 -.281 -.296 -
---------------------------------------------------------------------------------------------
IBB 122.81 2.64 117.36 113.4% Bullish BLUE .255 .084 .339 +
---------------------------------------------------------------------------------------------
GLD 164.75 -3.57 169.62 -152.2% Bearish RED -.21 .014 -.196
---------------------------------------------------------------------------------------------
OIL 16.82 -1.66 19.27 -528.7% Bearish RED -.056 .026 -.03
---------------------------------------------------------------------------------------------
OIH 214.29 -17.34 242.62 -491.1% Bearish RED -.179 -.144 -.323 -
---------------------------------------------------------------------------------------------
CPER 20.74 -1.08 22.71 -443.1% Bearish ---- -.03 -.161 -.191
---------------------------------------------------------------------------------------------
UUP 28.45 .4 27.89 128.9% Bullish ---- .097 .167 .264 +
---------------------------------------------------------------------------------------------
CORN 23.45 -1.16 26.3 -527.3% Bearish RED -.307 -.093 -.4 -
---------------------------------------------------------------------------------------------
WEAT 8.26 -.37 9.49 -581.9% Bearish RED -.221 -.117 -.338 -
---------------------------------------------------------------------------------------------
YINN 97.72 -1.24 100.58 -128.2% ------- BLUE .078 .526 .604 +
|
Table 2 Count of Stocks in Key Directories
20220705
-------------------------------
NEWHIGHS 4 + 20 = 24
NEWLOWS 313 + 477 = 590
Advances 1,469 vs 2,412
Declines 1,786 vs 805
MAXCP 26
MINCP 49
TTTNH 22
TTTNL 109
CPCROSSA 114
CPCROSSD 62
ACCUMVER 36
HIGHIP21 18
HIUPPCT 2
VHIP21 32
LOWACCUM 247
REDSELL 167
AUGSELS7 2
TRAPDOOR 22
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/5/22
Bullish = 1
Bearish = 47
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .62 .64 .62 .62 .64 .7
============================================================================================
BEVERAGE .5 .571 .357 .428 .5 .5
============================================================================================
HOMEBLDG .473 .21 .052 0 0 0
BIOTECH .431 .35 .303 .314 .275 .364
BONDFUND .379 .229 .126 .137 .091 .057
SOLAR .375 .5 .375 .187 .437 .687
EDU .333 .5 .333 .333 .5 .5
HOSPITAL .312 .312 .25 .25 .25 .312
DJI-13 .307 .384 .23 .307 .153 .461
COMPUTER .3 .3 .25 .2 .3 .3
AUTO .283 .188 .15 .264 .32 .396
HACKERS .25 .25 .25 .25 .3 .35
MARIJUAN .25 .25 .25 0 0 .25
NASD-100 .237 .195 .113 .164 .123 .226
GUNS .23 .307 .23 .153 .307 .307
JETS .23 .23 .23 .23 .23 .23
SOFTWARE .214 .196 .196 .214 .178 .25
FIDSTKS .213 .218 .136 .153 .124 .177
GAMING .21 .157 .052 .21 .105 .105
INDEXES .21 .205 .178 .189 .178 .2
DOWJONES .2 .266 .166 .2 .1 .266
REGBANKS .2 .2 .16 .16 .2 .28
RUS-1000 .194 .182 .149 .177 .177 .189
SP-100 .188 .233 .122 .155 .122 .177
HIGHPRIC .187 .152 .125 .136 .128 .167
LOWPRICE .177 .164 .182 .187 .182 .187
NIFTY .173 .13 .152 .173 .152 .195
REIT .169 .176 .138 .138 .153 .153
COAL .166 .166 .166 .166 .166 .166
ETFS .163 .163 .163 .163 .163 .145
COMODITY .153 .153 .128 .179 .205 .179
CHEM .152 .195 .195 .152 .173 .195
SP500 .152 .162 .104 .116 .114 .15
ELECTRON .142 .135 .165 .15 .18 .225
SEMI .136 .136 .147 .136 .168 .231
RETAIL .127 .063 .042 .085 .085 .106
FOOD .122 .183 .142 .224 .224 .204
INSURANC .12 .24 .16 .12 .12 .08
MILITARY .115 .192 .153 .153 .153 .115
GREEN .105 .21 .21 .105 .263 .21
UTILITY .105 .21 .105 .052 .052 .105
TRANSP .105 .105 .052 .052 .052 .105
INFRA .09 .09 .09 .06 .09 .09
FINANCE .085 .085 .06 .06 .085 .109
INDMATER .083 .111 .111 .097 .083 .125
OILGAS .075 .113 .113 .132 .207 .15
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
----------------------------------------------------------------------------------------------------------------------------
Tuesday: July
5: 5:45 AM (PCT) Futures: DJI -290 NASDAQ
-150 Data
Used for 7/1/2022
| |
With the DJI futures down 290, it appears as
though Friday's rally was misleading
in that it occurred before a three-day weekend when all the
players were not
present and when it's easier to manipulate the market with
a misleading rally. Still,
we do have unreversed Peerless Buys and the DJI may just
need to reverse after
it makes a nominal new low closing low. A reversal at
that point would get rid of
some "weak" longs and bring about a red
Stochastic-5 Buy, i.e. what is now the
most profitable optimized TigerSoft system.
The Closing Powers did turn up on Friday. So, that
should help the market
provided that these Professionals continue to support the
defensive stocks in
the DJI-30, Utilities, Beverages, Health Care (UNH) and a
select group of
biotechs (as shown among the MAXCPs). There is no
reason right now to
believe that the new lows to new highs ratio will improve
soon. That should give
us more confidence to short our Bearish MINCPs.
But the DJI may be able to hold up in here. The
reason primarily is that
Food Prices are falling and Crude Oil and the big Oil
Stocks could
be on the verge of breaking their key support-levels.
This explains why Bonds
are rising. If the signs are good that Inflation is
starting to ebb, the FED may
even stop raising rates. That would be especially
bullish, no doubt. Our heavy
Down Volume and falling A/D Line cast doubt on that
scenario.
The FEDs will probably not be hasty to do anything like
lowering rates. They
already are under fire for being too timid and allowing
inflation to get out of
control. As a result, a recession is more likely than
not and explains why
volatile, high PE Semi-conductors now dominate the
population of Bearish
MINCPs tonight.
Note also the continued rise in Chinese stocks. Biden
wants to reduce
the Trump tariffs. Whether he has the Congressional
support to do this
seems doubtful.
All in all, I think we need to see a reversal by the DJI
closer to the round
number 300 for DIA.to make it worth buying DIA, SPY or QQQ.
The
falling 21-day ma may again stop their next rallies.
But that does not mean we have to sit on out hands.
Sell short more of
the bearish MINCPs including Semi-Conductors and buy back
the highest
Power-Ranked biotechs.
|
|
| |
July 1
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80701.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/7-01/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/7-01/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 7/1/2022
Bullish = 2 YINN, IBB
Bearish = 7 - FAS, RETL, SOXL, TECL, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
DIA 310.85 3.03 314.36 -67% ------- BLUE -.004 0 -.004
---------------------------------------------------------------------------------------------
COMPQX 11127.85 99.11 11524.55 -212.2% ------- BLUE -.05 -.057 -.107
---------------------------------------------------------------------------------------------
SPY 381.24 3.99 388.59 -115.3% ------- BLUE -.077 -.027 -.104
---------------------------------------------------------------------------------------------
QQQ 282.13 1.85 292.45 -217.5% ------- BLUE -.093 -.057 -.15
---------------------------------------------------------------------------------------------
MDY 418.85 5.36 426.98 -78.3% Bearish BLUE -.008 -.034 -.042
---------------------------------------------------------------------------------------------
IWM 171.41 2.05 175.74 -106.6% Bearish BLUE -.008 -.037 -.045
---------------------------------------------------------------------------------------------
FAS 65.52 2.42 68.05 -253.3% Bearish BLUE -.107 -.298 -.405
---------------------------------------------------------------------------------------------
RETL 7.71 .2 9.82 -1468.9% Bearish BLUE -.059 -.507 -.566
---------------------------------------------------------------------------------------------
SOXL 11.6 -1.5 15.8 -1445.3% Bearish RED -.161 -.477 -.638 lowest
---------------------------------------------------------------------------------------------
TECL 28.24 .17 31.95 -725.3% ------- BLUE -.022 -.326 -.348
---------------------------------------------------------------------------------------------
IBB 120.17 2.54 120.12 5.5% Bullish BLUE .233 .047 .28
---------------------------------------------------------------------------------------------
GLD 168.32 -.14 169.9 -52.2% Bearish BLUE -.12 .037 -.083
---------------------------------------------------------------------------------------------
OIL 18.48 .24 18.8 10.7% Bearish RED .03 .134 .164
---------------------------------------------------------------------------------------------
OIH 231.63 -.97 237.52 60% Bearish RED -.171 -.114 -.285
---------------------------------------------------------------------------------------------
CPER 21.82 -.4 22.73 -172.5% Bearish ---- .046 -.116 -.07
---------------------------------------------------------------------------------------------
UUP 28.05 .09 27.73 48.4% ------- RED .011 .162 .173
---------------------------------------------------------------------------------------------
CORN 24.61 -.55 26.16 -420.9% Bearish RED -.29 -.061 -.351
---------------------------------------------------------------------------------------------
WEAT 8.63 -.41 9.33 -474.8% Bearish RED -.178 -.093 -.271
---------------------------------------------------------------------------------------------
YINN 98.96 .33 100.27 39.8% Bearish BLUE .238 .425 .663 +++
|
Table 2 Count of Stocks in Key Directories
20220701
-------------------------------
NEWHIGHS 12 + 15 = 27
NEWLOWS 205 + 318 = 523
Advances 2,412 VS 1,280 YESTERDAY
Declines 805 VS 2,015 YESTERDAY
MAXCP 25
MINCP 53
TTTNH 17
TTTNL 64
CPCROSSA 154
CPCROSSD 28
HIGHIP21 13
HIUPPCT 5
VHIP21 34
LOWACCUM 234
REDSELL 159
AUGSELS7 3
TRAPDOOR 11
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
7/1/22
Bullish = 2
Bearish =45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .64 .62 .62 .64 .68 .66
BEVERAGE .571 .357 .428 .5 .5 .5
===============================================================================================
EDU .5 .333 .333 .5 .5 .333
SOLAR .5 .375 .187 .437 .687 .625
===============================================================================================
DJI-13 .384 .23 .307 .153 .461 .384
BIOTECH .35 .303 .314 .275 .353 .328
HOSPITAL .312 .25 .25 .25 .312 .25
GUNS .307 .23 .153 .307 .307 .307
COMPUTER .3 .25 .2 .3 .3 .35
DOWJONES .266 .166 .2 .1 .266 .233
-----
HACKERS .25 .25 .25 .3 .35 .35
MARIJUAN .25 .25 0 0 .25 0
INSURANC .24 .16 .12 .12 .08 .12
SP-100 .233 .122 .155 .122 .177 .177
JETS .23 .23 .23 .23 .23 .153
BONDFUND .229 .126 .137 .091 .068 .045
FIDSTKS .218 .136 .153 .124 .177 .171
GREEN .21 .21 .105 .263 .21 .21
HOMEBLDG .21 .052 0 0 0 0
UTILITY .21 .105 .052 .052 .105 .078
INDEXES .205 .178 .189 .178 .2 .194
REGBANKS .2 .16 .16 .2 .28 .24
SOFTWARE .196 .214 .214 .178 .25 .25
CHEM .195 .195 .173 .152 .217 .217
NASD-100 .195 .113 .154 .123 .216 .216
-----
MILITARY .192 .153 .153 .153 .115 .115
AUTO .188 .15 .264 .32 .396 .358
FOOD .183 .142 .224 .224 .204 .163
RUS-1000 .182 .149 .177 .177 .187 .194
REIT .176 .13 .146 .153 .161 .184
COAL .166 .166 .166 .166 .166 0
LOWPRICE .166 .179 .187 .182 .182 .177
ETFS .163 .163 .163 .163 .163 .127
SP500 .162 .104 .116 .112 .152 .152
----
GAMING .157 .052 .157 .157 .105 .21
COMODITY .153 .128 .179 .205 .179 .153
HIGHPRIC .152 .125 .136 .128 .164 .171
SEMI .136 .147 .136 .168 .231 .21
ELECTRON .135 .165 .15 .18 .225 .218
NIFTY .13 .152 .152 .152 .173 .195
OILGAS .113 .113 .132 .207 .15 .113
INDMATER .111 .111 .097 .083 .125 .111
TRANSP .105 .052 .052 .052 .105 .052
INFRA .09 .09 .06 .09 .09 .09
FINANCE .085 .06 .06 .073 .097 .109
RETAIL .063 .042 .085 .085 .106 .127
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
==================================================================================
Frday: July 1: 5:55 AM (PCT) Futures: DJI -100 NASDAQ -50
Data Used for 6/30/2022
| |
Happy Fourth of July weekend!.
Ordinarily, July has a
bullish seasonality. But when the FED is raising rates
to fight inflation, either
there is no July rally or there is a July peak right before
a sell-off significantly
below the lower band. See the study further below of
1920, 1966, 1969, 1973, 1977
and 1981. Only six cases, true.
Our B9-B8 suggests that
the DJI's current test of 29500-30000 will hold
and there will be a
rally up past the 21-day ma where the last rally faltered.
That would be nice.
But that's not what all the bearish technicals are saying.
Overseas selling keeps
swamping over-night trading and filling up our boat
so much so that the
Professionals can only just keep it from sinking.
Volume is now picking
up and is disproprtionately heavy on the weaker
stocks. The
bearish ratio of new lows to new highs tells the same story.
Only Chinese stocks now
show a majrity in Table 3 above their 65-dma.
The DJI-30, SP-500 and
NASDAQ-100 have less than 15% of their
stocks above their
65-dma. The DJI-30 may no longer be able to hold
up.
OIH, WEAT and CORN are
bearish according to Table 2. The recession
is working to halt
inflation, apparently, but what will that does to most
corporate profits may
shock the many optimists who insist that one can
simply buy and hold,
and never sell. One-decision investing was all
the rage in 1972, too.
That led to a 24-month long bear market.
Don't buy in here.
Wait and see. The Stochastic-5-K-Lines are almost
in a position to give
new red Buys. See the DIA, SPY, QQQ and NASDAQ
charts below.
Only another weak rally is all that can be expected unless
the FED explicitly
reverses course. So, add more shorts from our Bearish
MINCPs. Wait to
go long DIA, SPY or QQQ until professionals show
by Closing Power turns-
up that the test of the lows is successful. |
|
| |
June 30
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80630.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-30/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-30/BEARISH.htm |
|
 |
  |
 |
 |
 |
What happens to market in July when Fed is raising interest rates to fight inflation?
There are a limited number of cases when this occurs not in an election year (2000).
1920 Peak 7/9/1920
1966 Peak 6/5/1966
1969 Weak July
1973 Peak 7/27/1973
1977 Peak 7/21/1977
1981 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 6/30/2022
Bullish = 0
Bearish = 7 - FAS, RETL, SOXL, TECL, OIH, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------
------------------------------------------------------------------------------------------------
DIA 307.82 -2.23 315.02 17.4% Bearish BLUE -.056 0 =====
---------------------------------------------------------------------------------------------
COMPQX 11028.74 -149.15 11607.62 -89.7% ------- RED -.116 -.072 -.188
---------------------------------------------------------------------------------------------
SPY 377.25 -3.09 390.08 -10.6% Bearish BLUE -.13 -.034 -.164
---------------------------------------------------------------------------------------------
QQQ 280.28 -3.52 294.61 -79.4% ------- RED -.152 -.072 -.224
---------------------------------------------------------------------------------------------
MDY 413.49 -4.22 425.44 28.8% Bearish BLUE -.048 -.036 -.084
---------------------------------------------------------------------------------------------
IWM 169.36 -1.33 175.09 -13.6% Bearish BLUE -.042 -.041 -.083
---------------------------------------------------------------------------------------------
FAS 63.1 -1.5 68.87 104.8% Bearish BLUE -.151 -.304 -.455
---------------------------------------------------------------------------------------------
RETL 7.51 -.66 10.33 -975.2% Bearish RED -.12 -.529 -.649
---------------------------------------------------------------------------------------------
SOXL 13.1 -.45 15.81 -308.6% Bearish BLUE -.153 -.426 -.579
---------------------------------------------------------------------------------------------
TECL 28.07 -1.18 32.62 -226.4% ------- RED -.085 -.328 -.413
---------------------------------------------------------------------------------------------
IBB 117.63 -.36 120.04 -16% Bullish BLUE .185 .035 .22
---------------------------------------------------------------------------------------------
GLD 168.46 -1.03 170.09 -53% Bearish RED -.147 .045 -.102
---------------------------------------------------------------------------------------------
OIL 18.24 -.59 18.44 53.5% Bearish RED -.005 .13 .125
---------------------------------------------------------------------------------------------
OIH 232.6 -5.69 228.8 240.9% Bearish BLUE -.173 -.119 -.292
---------------------------------------------------------------------------------------------
CPER 22.22 -.58 22.6 -101.3% Bearish RED .018 -.105 -.087
---------------------------------------------------------------------------------------------
UUP 27.96 -.09 27.78 21.5% Bullish RED .087 .154 .241
---------------------------------------------------------------------------------------------
CORN 25.16 -1.09 26.81 -188% Bearish RED -.286 -.034 -.32
---------------------------------------------------------------------------------------------
WEAT 9.04 -.44 9.52 -310.9% Bearish RED -.2 -.055 -.255
---------------------------------------------------------------------------------------------
YINN 98.63 -.34 98.17 413.5% Bearish BLUE .098 .304 .402
|
Table 2 Count of Stocks in Key Directories
20220630
-------------------------------
NEWHIGHS 12 + 18 = 30
NEWLOWS 342 + 532 = 874
Advances 1,280 vs 1,144
Declines 2,015 vs 2,059
MAXCP 18
MINCP 77
TTTNH 11
TTTNL 75
CPCROSSA 97
CPCROSSD 34
ACCUMVER 28
HIUPPCT 2
VHIP21 38
LOWACCUM 252
REDSELL 149
AUGSELS7 5
TRAPDOOR 8
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/30/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .62 .62 .64 .68 .66 .62
===============================================================================================
SOLAR .375 .187 .437 .687 .625 .687
BEVERAGE .357 .428 .5 .5 .5 .357
EDU .333 .333 .5 .5 .333 0
BIOTECH .303 .314 .275 .353 .328 .295
COMPUTER .25 .2 .3 .3 .35 .3
HACKERS .25 .25 .3 .35 .35 .2
HOSPITAL .25 .25 .25 .312 .25 .187
MARIJUAN .25 0 0 .25 0 0
DJI-13 .23 .307 .153 .461 .384 .153
GUNS .23 .153 .307 .307 .307 .23
JETS .23 .23 .23 .23 .153 .153
SOFTWARE .214 .232 .178 .25 .25 .178
GREEN .21 .105 .263 .21 .21 .105
CHEM .195 .173 .173 .195 .239 .086
LOWPRICE .182 .185 .182 .182 .177 .164
INDEXES .178 .189 .178 .2 .189 .172
COAL .166 .166 .166 .166 0 0
DOWJONES .166 .2 .1 .266 .233 .133
------
ELECTRON .165 .15 .18 .225 .218 .142
ETFS .163 .163 .163 .163 .145 .127
INSURANC .16 .12 .12 .08 .12 .04
REGBANKS .16 .16 .2 .28 .2 .12
MILITARY .153 .153 .153 .115 .115 .038
NIFTY .152 .152 .13 .173 .195 .13
AUTO .15 .264 .32 .396 .358 .207
RUS-1000 .149 .177 .177 .187 .194 .151
SEMI .147 .136 .168 .231 .21 .157
FOOD .142 .224 .224 .204 .163 .163
FIDSTKS .136 .153 .124 .177 .171 .118
REIT .13 .138 .161 .161 .184 .115
COMODITY .128 .179 .205 .179 .153 .153
BONDFUND .126 .137 .091 .068 .057 .022
HIGHPRIC .125 .136 .128 .164 .171 .097
SP-100 .122 .155 .122 .177 .166 .133
NASD-100 .113 .154 .113 .216 .206 .154
-----
OILGAS .113 .132 .207 .15 .113 .094
INDMATER .111 .097 .083 .125 .111 .041
UTILITY .105 .052 .052 .105 .078 .026
SP500 .104 .116 .112 .15 .148 .086
-----
INFRA .09 .06 .09 .09 .09 .06
FINANCE .06 .06 .073 .085 .109 .048
GAMING .052 .157 .105 .157 .21 .157
HOMEBLDG .052 0 0 0 0 0
TRANSP .052 .052 .052 .105 .052 .052
GOLD .043 .043 .043 .043 .043 .043
RETAIL .042 .085 .085 .106 .127 .085
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
|
====================================================================================
Thursday: June
30: 5:50 AM (PCT) Futures: DJI -400
NASDAQ -205 Data
Used for 6/29/2022
| |
Today, the SP-500 again slipped down
below its 20%-down-below-its-high
level. Officially, this registers a
bear market. Only one stock in the DJI-30
seems to be holding the DJI up.
That is United Health Care (UNH). It now
has a red Sell. How long will it be
before the DJI drops into bear market
territory? Our Buy B9-B8 tell us
that a bottom may be forming. But not much
else does. Our Closing Powers'
trends should be heeded. NY Professionals
clearly are gettiing advance word on
what's moving the market now.
The test of the lows predicted by the big
decline in our Closing Powers for
DIA, SPY, QQQ and the NASDAQ two days ago
apparently is going to take
place all at once this week, the week
before the July 4th holiday. Such weakness
is seasonally unusual and therefore all
the more scary and of concern.
We know the pattern of lower lows and the
lack of leadership (only Chinese
stocks in our Table 3 show a majority of
their number are above the 65-dma)
argue for a bearish posture. But
normally, our Buy B9-B8 do lift the DJI
up more than just to its falling 21-dma.
Today's early sell-off underscore the
many signs of technical weakness we now
see: 1) All our key indicators are
negative. 2) We have red automatic trading
Sells on DIA, SPY, QQQ and COMPQX.
3) The Closing Power uptrends
have been broken. 4) The steadily
negative V-I readings for more than a year
show big money has few doubts that lower
prices lie ahead. 5) The pattern of
lower lows (prices) 6) New
lows and MINCPs are 10x greater
than new highs or MAXCPs.... As a
group, these cast a dark shadow over
the market.
I thought the last rally would go higher
because it looked like food-inflation and
fuel-flation were weakening.
Those factors are helping make Bonds finally rally.
But judging from the DJI's minus 400
point opening this morning, worries about
recession are now driving the market.
Add to that are concerns about a strike
by longshoremen on the West Coast.
And something else, that has not yet
made the news, also is at work in driving
prices lower this morning.
Since there are so many more new lows
than new highs, I would again sell
short some of the bearish MINCPs.
The DJI has not fallen 20% down
from its high. But we know that the
DJI is special. It has been created to hold up
longer than the other indexes in most
cases just by th fact that it is weighted solely
by the price of its components.
Right now, United Heathcare - just one stock -|
accounts for 11% of the value of the DJI.
We must watch it for signs that
its bold rally when so many other stocks
are weak is coming to an end. Similarly,
pay special attention to AAPL and MSFT
which are the most heavily weighted
components of QQQ and SPY. |
|
| |
June 29
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80629.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-29/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-29/BEARISH.htm |
|
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Table 1 QUICKSILVER on ETFS - 6/29/2022
Bullish = 0
Bearish = 5 - FAS, RETL, SOXL, TECL, CORN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 310.05 .71 306.74 87.7% Bearish RED -.068 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11177.89 -3.65 11232.19 55.1% ------- BLUE -.122 -.063 -.185
------------------------------------------------------------------------------------- --------
SPY 380.34 -.31 378.06 77.8% Bearish RED -.146 -.033 -.179
---------------------------------------------------------------------------------------------
QQQ 283.8 .26 284.85 54.5% ------- BLUE -.155 -.063 -.218
---------------------------------------------------------------------------------------------
MDY 417.71 -3.15 411.07 108.9% Bearish RED -.054 -.027 -.081
---------------------------------------------------------------------------------------------
IWM 170.69 -1.75 169.83 83.3% Bearish RED -.065 -.037 -.102
---------------------------------------------------------------------------------------------
FAS 64.6 -1.48 61.72 192.8% Bearish RED -.169 -.283 -.452
---------------------------------------------------------------------------------------------
RETL 8.17 -.59 9.32 -266.5% Bearish RED -.139 -.474 -.613
---------------------------------------------------------------------------------------------
SOXL 13.55 -1.01 14.01 -248.4% Bearish RED -.147 -.399 -.546
---------------------------------------------------------------------------------------------
TECL 29.25 .16 29.45 168.5% ------- BLUE -.088 -.292 -.38
---------------------------------------------------------------------------------------------
IBB 117.99 .63 118.01 201.3% Bullish BLUE .16 .027 .187
---------------------------------------------------------------------------------------------
GLD 169.49 -.13 170.26 -53.5% Bearish RED -.143 .017 -.126
---------------------------------------------------------------------------------------------
OIL 18.83 -.44 18.04 59% Bearish RED .005 .1 .105
---------------------------------------------------------------------------------------------
OIH 238.29 -4.33 221.34 96.2% Bearish RED -.187 -.129 -.316
---------------------------------------------------------------------------------------------
CPER 22.8 .09 22.68 -218.3% Bearish RED .027 -.122 -.095
---------------------------------------------------------------------------------------------
UUP 28.05 .16 27.84 43.1% Bullish BLUE .095 .14 .235
---------------------------------------------------------------------------------------------
CORN 26.25 -.05 26.15 -238.8% Bearish RED -.269 -.022 -.291 ----
---------------------------------------------------------------------------------------------
WEAT 9.48 -.01 9.63 -260.7% Bearish RED -.176 -.052 -.228
---------------------------------------------------------------------------------------------
YINN 98.97 -1.61 90.55 646.8% Bearish BLUE -.073 .258 .185
|
Table 2 Count of Stocks in Key Directories
20220629
-------------------------------
NEWHIGHS 9 + 13 = 22 (NYSE & NASDAQ
NEWLOWS 199 +345 = 544
Advances 1,144 VS 1,020 (today vs yesterday
Declines 2,059 VA 2,240
MAXCP 4
MINCP 148 (Professional are quite bearish)
TTTNH 7
TTTNL 107
CPCROSSA 22
CPCROSSD 102
ACCUMVER 23
HIGHIP21 10
HIUPPCT 5
VHIP21 38
LOWACCUM 236
REDSELL 148
AUGSELS7 14
TRAPDOOR 18
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/29/22
Bullish = 1
Bearish = 48
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .62 .64 .68 .66 .58 .56
=========================================================================================================
BEVERAGE .428 .5 .5 .5 .357 .142
EDU .333 .5 .5 .333 0 0
BIOTECH .314 .275 .353 .328 .292 .206
DJI-13 .307 .153 .461 .384 .153 .076
AUTO .264 .32 .396 .358 .207 .207
HACKERS .25 .3 .35 .35 .2 .15
HOSPITAL .25 .25 .312 .25 .187 .187
SOFTWARE .232 .196 .25 .25 .16 .125
JETS .23 .23 .23 .153 .076 .153
FOOD .224 .224 .204 .163 .163 .224
COMPUTER .2 .3 .3 .35 .3 .25
DOWJONES .2 .1 .266 .233 .133 .1
-----
INDEXES .189 .178 .2 .189 .172 .172
LOWPRICE .187 .179 .182 .177 .164 .15
SOLAR .187 .437 .687 .625 .687 .437
COMODITY .179 .205 .179 .153 .153 .205
RUS-1000 .177 .177 .187 .194 .151 .136
CHEM .173 .173 .217 .217 .108 .108
COAL .166 .166 .166 0 0 0
ETFS .163 .163 .163 .145 .145 .127
REGBANKS .16 .2 .28 .2 .12 .12
GAMING .157 .105 .105 .263 .157 .157
SP-100 .155 .122 .177 .166 .133 .1
NASD-100 .154 .113 .206 .206 .154 .134
-----
FIDSTKS .153 .124 .177 .171 .118 .1
GUNS .153 .307 .307 .307 .23 .153
MILITARY .153 .153 .115 .115 .038 .038
NIFTY .152 .13 .152 .195 .13 .13
ELECTRON .15 .18 .225 .218 .142 .105
REIT .138 .153 .169 .184 .115 .092
BONDFUND .137 .091 .068 .057 .034 .022
HIGHPRIC .136 .128 .164 .171 .093 .082
SEMI .136 .168 .231 .21 .157 .115
OILGAS .132 .207 .15 .113 .094 .141
INSURANC .12 .12 .08 .12 .04 0
SP500 .116 .112 .15 .146 .088 .054
-----
GREEN .105 .263 .21 .21 .105 .052
INDMATER .097 .083 .125 .111 .041 .055
RETAIL .085 .085 .106 .127 .085 .063
FINANCE .06 .073 .085 .097 .048 .085
INFRA .06 .09 .09 .09 .06 .06
UTILITY .052 .052 .105 .078 .026 0
TRANSP .052 .052 .105 .052 .052 .052
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
HOMEBLDG 0 0 0 0 0 0
MARIJUAN 0 0 .25 0 0 0
|
====================================================================================
Wednesday: June
29: 3:00 AM (PCT) Futures: DJI -5
NASDAQ -16 Data
Used for 6/28/2022
| |
Big reversal down today. Note the size of the red candle-sticks on the charts
of DIA, SPY, QQQ
and the NASDAQ (COMPQX). The only clear explanation,
was UCO's rise by
more than 3%, I warned readers that a big move up by
Crude Oil from its
rising 30-week ma would re-ignite fears of still greater Inflation,
even though Food
Commodities are falling.
It is not good
that Professionals are not even waiting to sell until after the usually
bullish July 4th
weekend that is coming up. Take some of the biotech profits. Do not
let them turn
into losses. Along with the big Closing Powers drops today in the
key indexes shown
below, the potential leaders, the biotech indexes, BBH and IBB,
reversed down at
their falling 65-dma. Not good. Leadship is needed.
The Buy B9-B8
Buys still stand. More base-building is reuired, at a minimum.
The DJI could not
even make it past its falling 21-day ma and the 5-day
Stochastic
optimized red Sells are now in focus. The bullish seasonality should
hold prices up a
while longer. But how far up can the key indexes rise. Almost
90% of the
DJI-30, NASD-100 and SP-500 stocks are below their 65-dma.
With Peerless on
Buys, let's give the generally oversold market a chance to try
to rally again
before taking new short positions. The Bullish MAXCPs may
recover a little,
but we will need to see some positive market action to neutralize
how negative the
DJI 500-point reversal down was today.
I fear that when
the DJI finally drops more than 20% below its highs, now 29400,
the bear market
will get much worse. But until then, we should be able to
count on Chairman Power
to do what he can to prevent such a breakdown.
The Peerless Buys would
ordinarily be expected to get a rally at least to the
falling 65-dma.
Even in 1930, just months before the Depression hit home on
Wall Street with full
force, the DJI rallied up 15% from a June low to a very
significant top in
early Septemberm up above its 65-dma. I would think the
current Buys may allow
another such "false" rally..
|
|
| |
June 28
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80628.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-28/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-28/BEARISH.htm |
|
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|
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 |
Table 1 QUICKSILVER on ETFS - 6/28/2022
Bullish = 0
Bearish = 4 - FAS, RETL, SOXL, TECL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
DIA 309.34 -5.02 304.61 65.5% Bearish RED -.031 0 -------
---------------------------------------------------------------------------------------------
COMPQX 11181.54 -343.01 11053.08 49.7% ------- RED -.097 -.061 -.158
---------------------------------------------------------------------------------------------
SPY 380.65 -7.94 374.39 73.2% Bearish RED -.102 -.029 -.131
---------------------------------------------------------------------------------------------
QQQ 283.54 -8.91 280.67 42.9% ------- RED -.12 -.061 -.181
---------------------------------------------------------------------------------------------
MDY 420.86 -6.12 408.59 131% Bearish RED -.007 -.02 -.027
---------------------------------------------------------------------------------------------
IWM 172.44 -3.3 167.82 125.5% Bearish RED -.021 -.032 -.053
---------------------------------------------------------------------------------------------
FAS 66.08 -1.97 62.08 279.2% Bearish RED -.099 -.261 -.36
---------------------------------------------------------------------------------------------
RETL 8.76 -1.06 8.67 -21.3% Bearish RED -.015 -.452 -.467
---------------------------------------------------------------------------------------------
SOXL 14.56 -1.24 14.29 -80.3% Bearish RED -.111 -.33 -.441
---------------------------------------------------------------------------------------------
TECL 29.09 -2.86 28.23 91.2% ------- RED -.039 -.287 -.326
---------------------------------------------------------------------------------------------
IBB 117.36 -2.76 113.25 235.3% Bullish RED .189 -.002 .187
---------------------------------------------------------------------------------------------
GLD 169.62 -.28 171.31 -29.6% Bearish RED -.139 .023 -.116
---------------------------------------------------------------------------------------------
OIL 19.27 .47 18.61 -16.1% Bullish BLUE .07 .13 .2
---------------------------------------------------------------------------------------------
OIH 242.62 5.1 233.81 -81.3% Bearish RED -.141 -.095 -.236
---------------------------------------------------------------------------------------------
CPER 22.71 -.02 23.8 -357.2% Bearish RED .064 -.104 -.04
---------------------------------------------------------------------------------------------
UUP 27.89 .16 27.81 7.2% Bullish ---- .056 .141 .197
---------------------------------------------------------------------------------------------
CORN 26.3 .14 27.52 -278.9% Bearish RED -.239 .002 -.237
---------------------------------------------------------------------------------------------
WEAT 9.49 .16 9.98 -278.4% Bearish RED -.14 -.029 -.169
---------------------------------------------------------------------------------------------
YINN 100.58 .31 86.65 465.8% Bearish RED -.077 .247 .17
|
Table 2 Count of Stocks in Key Directories
20220628
-------------------------------
NEWHIGHS 12 + 34 = 46
NEWLOWS 89 + 51 = 140
dvances 1,020 1,785 vs 2,398 yesterday
Declines 2,240 vs 1,496 yesterday
MAXCP 3
MINCP 76
TTTNH 8
TTTNL 34
CPCROSSA 25
CPCROSSD 338
ACCUMVER 16
HIGHIP21 10
HIUPPCT 5
VHIP21 39
LOWACCUM 237
REDSELL 125
AUGSELS7 9
TRAPDOOR 12
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/28/22
Bullish = 1
Bearish = 46
Just 11% of DJI-30, NASD-100 and SP-500 are above their 65-dma
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .64 .68 .66 .58 .56 .52
----------------------------------------------------------------------------------------------
BEVERAGE .5 .5 .5 .357 .142 .285
EDU .5 .5 .333 0 0 0
----------------------------------------------------------------------------------------------
SOLAR .437 .687 .625 .687 .437 .437
AUTO .32 .396 .358 .207 .207 .226
GUNS .307 .307 .307 .23 .153 .153
COMPUTER .3 .3 .35 .3 .25 .25
HACKERS .3 .35 .35 .2 .15 .2
BIOTECH .275 .353 .328 .292 .2 .169
GREEN .263 .21 .21 .105 .052 .105
HOSPITAL .25 .312 .25 .187 .187 .125
JETS .23 .23 .153 .076 .153 .153
FOOD .224 .204 .163 .163 .224 .265
OILGAS .207 .15 .113 .094 .132 .235
COMODITY .205 .179 .153 .153 .205 .23
REGBANKS .2 .28 .2 .12 .12 .12
SOFTWARE .196 .267 .25 .16 .125 .142
LOWPRICE .182 .179 .177 .164 .148 .158
ELECTRON .18 .225 .218 .142 .112 .12
INDEXES .178 .2 .189 .172 .167 .162
RUS-1000 .177 .187 .194 .151 .134 .134
CHEM .173 .217 .239 .086 .13 .108
SEMI .168 .231 .21 .157 .126 .136
COAL .166 .166 0 0 0 .333
ETFS .163 .163 .145 .145 .145 .127
DJI-13 .153 .461 .384 .153 .076 .076
MILITARY .153 .115 .115 .038 .038 .038
REIT .153 .161 .192 .115 .092 .092
NIFTY .13 .152 .173 .13 .13 .13
HIGHPRIC .128 .164 .171 .093 .082 .074
FIDSTKS .124 .177 .171 .118 .1 .094
SP-100 .122 .177 .166 .133 .1 .088
INSURANC .12 .08 .12 .04 0 0
NASD-100 .113 .206 .195 .154 .134 .134
-----
SP500 .112 .15 .146 .086 .056 .06
------
GAMING .105 .105 .21 .21 .157 .157
DOWJONES .1 .266 .233 .133 .1 .1
-----
BONDFUND .091 .068 .057 .034 .034 .011
INFRA .09 .09 .09 .06 .06 .06
RETAIL .085 .106 .127 .085 .063 .085
INDMATER .083 .125 .111 .041 .055 .069
FINANCE .073 .085 .097 .036 .085 .085
UTILITY .052 .105 .078 .026 0 0
TRANSP .052 .105 .052 .052 .052 .052
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
HOMEBLDG 0 0 0 0 0 0
MARIJUAN 0 .25 0 0 0 0
|
===================================================================================
Tuesday: June 28: 5:51 AM (PCT) Futures: DJI +169
NASDAQ +54
Data Used for 6/27/2022
| |
The Peerless Buy signals, B9 and B8,
are unreversed and the Closing Powers
for DIA, SPY, QQQ and NASDAQ (COMPQX) are rising.
So, we have to
expect higher prices. The DJI is facing resistance
just overhead at its 21-dma,
but our target is about 2.5% above that. This
resistance will come into play
because we will likely get a Sell S9v (V-I negative
at upper band) there.
It is true that 5-day Stochastic short-term red
optimized sells were given Monday on
DIA, SPY and QQQ. But I think thatit is
reasonable to look for their Stochastic
20-day K-Lines to rise to 80 before we turn down.
The Food Commodities did
not advance today. The Oil Stocks (NRGU) and
Crude Oil (UCO) did move up
a little from their support levels, but hardly enough
to make it seem that they will
go to new highs. It may be that Inflation is
peaking.
If so, Traders should push up the leaders of the
rally more, especially biotechs, out
of a respect for Fed Chairman Powell's past
unwillingness to raise rates very fast
and his proven willingness to turn back on the
monetary spigots with little notice,
as he did at Christmas in 2018.
Watch Crude Oil's movements today. Unless it
makes a 2% jump, I would think
that DIA, SPY and QQQ will continue higher.
Avoid the over-crowded short side
of the market for now.
|
|
| |
June 27
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80627.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-27/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-27/BEARISH.htm
|
|
 |
 |
 |
 |
|
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 6/27/2022
Bullish = 0
Bearish = 3 - FAS, RETL, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
DIA 314.36 -.66 305.29 255.5% ------- RED .025 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11524.55 -83.07 11069.3 325.6% Bullish RED -.016 -.064 -.08
---------------------------------------------------------------------------------------------
SPY 388.59 -1.49 375.07 301.7% Bullish RED -.034 -.033 -.067
---------------------------------------------------------------------------------------------
QQQ 292.45 -2.16 281.08 313.6% Bullish RED -.044 -.065 -.109
---------------------------------------------------------------------------------------------
MDY 426.98 1.54 409.95 268.8% ------- RED .05 -.023 .027
---------------------------------------------------------------------------------------------
IWM 175.74 .65 168.14 312% Bullish ---- .042 -.034 .008
---------------------------------------------------------------------------------------------
FAS 68.05 -.82 62.47 728.4% Bearish RED -.008 -.274 -.282 ---
---------------------------------------------------------------------------------------------
RETL 9.82 -.51 8.8 745.9% ------- RED .118 -.423 -.305 ---
---------------------------------------------------------------------------------------------
SOXL 15.8 -.01 14.8 723% Bearish RED -.019 -.346 -.365 ---
---------------------------------------------------------------------------------------------
TECL 31.95 -.67 28.54 930.3% Bullish RED .047 -.286 -.239
---------------------------------------------------------------------------------------------
IBB 120.12 .08 111.87 461% Bullish RED .226 -.003 .223
---------------------------------------------------------------------------------------------
GLD 169.9 -.19 170.63 -40.1% Bearish RED -.09 .011 -.079
---------------------------------------------------------------------------------------------
OIL 18.8 .36 19.33 -98.8% ------- BLUE .07 .1 .17
---------------------------------------------------------------------------------------------
OIH 237.52 8.72 246.42 50.6% Bearish BLUE -.117 -.111 -.228
---------------------------------------------------------------------------------------------
CPER 22.73 .13 24.37 -348% Bearish ---- .13 -.114 .016
---------------------------------------------------------------------------------------------
UUP 27.73 -.05 27.85 -39.5% Bullish ---- .036 .129 .165
---------------------------------------------------------------------------------------------
CORN 26.16 -.65 27.8 -492.2% Bearish RED -.216 -.01 -.226
---------------------------------------------------------------------------------------------
WEAT 9.33 -.19 10.03 -638.1% Bearish RED -.127 -.066 -.193
---------------------------------------------------------------------------------------------
YINN 100.27 2.1 91.87 822.4% Bearish RED -.032 .193 .161
|
Table 2 Count of Stocks in Key Directories
20220627
-------------------------------
NEWHIGHS 14 + 26 = 40
NEWLOWS 65 + 145 = 210
Advances 1,785 vs 2,668
Declines 1,496 563
MAXCP 19
MINCP 13
TTTNH 12
TTTNL 10
CPCROSSA 49
CPCROSSD 86
HIGHIP21 19
HIUPPCT 5
VHIP21 43
LOWACCUM 237
REDSELL 109
AUGSELS7 5
TRAPDOOR 8
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/27/22
Bullish = 2
Bearish = 45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SOLAR .687 .625 .687 .437 .437 .312
CHINA .68 .66 .58 .56 .52 .5
=================================================================================================
BEVERAGE .5 .5 .357 .142 .285 .142
EDU .5 .333 0 0 0 0
=================================================================================================
DJI-13 .461 .384 .153 .076 .076 .076
AUTO .396 .358 .207 .207 .226 .15
BIOTECH .353 .328 .292 .2 .172 .133
------
HACKERS .35 .35 .2 .15 .2 .2
HOSPITAL .312 .25 .187 .187 .125 .125
GUNS .307 .307 .23 .153 .153 .076
COMPUTER .3 .35 .3 .25 .25 .2
REGBANKS .28 .2 .12 .12 .12 .08
SOFTWARE .267 .267 .16 .125 .125 .125
DOWJONES .266 .233 .133 .1 .1 .033
-----
MARIJUAN .25 0 0 0 0 0
SEMI .231 .21 .157 .126 .136 .105
JETS .23 .153 .076 .153 .153 0
ELECTRON .225 .218 .142 .112 .12 .112
CHEM .217 .239 .108 .108 .13 .108
GREEN .21 .21 .105 .052 .105 .105
NASD-100 .206 .195 .144 .134 .134 .092
-------
FOOD .204 .163 .163 .224 .285 .326
INDEXES .2 .189 .172 .167 .162 .162
RUS-1000 .187 .194 .151 .134 .136 .118
LOWPRICE .182 .174 .164 .148 .161 .148
COMODITY .179 .153 .153 .205 .256 .282
FIDSTKS .177 .171 .118 .1 .1 .035
SP-100 .177 .166 .133 .1 .088 .022
COAL .166 0 0 0 .333 0
HIGHPRIC .164 .171 .093 .082 .074 .027
ETFS .163 .145 .145 .145 .145 .109
REIT .161 .184 .123 .092 .092 .076
NIFTY .152 .173 .108 .13 .13 .108
OILGAS .15 .113 .094 .132 .245 .141
SP500 .15 .146 .086 .054 .064 .024
-------
INDMATER .125 .111 .041 .055 .069 .055
MILITARY .115 .115 .038 .038 .076 0
RETAIL .106 .127 .085 .063 .085 .042
GAMING .105 .21 .157 .21 .157 .157
UTILITY .105 .078 .026 0 0 0
TRANSP .105 .052 .052 .052 .052 .052
INFRA .09 .09 .06 .06 .06 .06
FINANCE .085 .097 .036 .073 .073 .048
INSURANC .08 .12 .04 0 0 0
BONDFUND .068 .057 .034 .034 .022 .011
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 0 0 0
HOMEBLDG 0 0 0 0 0 0
|
===================================================================================
Monday: June 27: 1:30 AM (PCT) Futures: DJI +117
NASDAQ +131 Data Used for 6/24/2022
| |
The DJI futures have made a bullish
reversal. Eight hours ago they were down
+150. Now they are up 150. This could be a
second good week in a row.
That would definitely take a lot of bears by surprise.
The hopes that Inflation
may be subsiding is causing the rally.
Our Peerless remains on Buys. The Closing Powers are
rising for the key ETFs,
DIA, QQQ and SPY. Our top TigerSoft ranked stocks are
mostly biotechs.
VRTX looks like the best of them. Its OBV, IPA and
Relative strength lines
confirmed its new high. Check out its very promising
drug pipeline for getting at
the causes for certain Diabetes and a treatment for Cystic
Fibrosis. Its fast turn-around
with the market reminds me of Amgen in 1990.
https://www.vrtx.com/our-science/pipeline/
While Gold and bit-coins bite the dust and food ETFs fall,
Oil could just be in
retreat and looking for a new spot to go back to new
highs from. Oil is the key
to Inflation. At least it was in the 1970s and
early 1980s. So, since volume is
generally low on this rally and our V-I is very
negative, it's most likely the
DJI will peak at the zone between its +2.5% and 3.0%
band. V-bottoms are rare
in DJI history, or at least, they used to be Chairman
Powell came along.
Enjoy the rally. We will stick with it as long
as we can and avoid short sales
for now. |
|
| |
June 24
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80624.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-24/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-24/BEARISH.htm |
|
DJI - Peerless remains on Buys
 |
DIA - Rising Closing Power tells us NY Professionals are bullish.
 |
NASDAQ - Professionals are bullish, but price downtrend is a problem for
a big advance.
 |
SPY - Professionals remain bullish.
|
QQQ - Professionals remain bullish.
 |
Biotech sector is offering new leads. Top of our Power ranker has
most bullish selections
when combining key indicators, Relative Strength, Accumulation, Closing Power, OBV and
IPA.
Typically when a bear market ends, the leading biotechs become stellar performers.
See
the story of Amgen's blockbusters way back in 1990. VRTX is looking similar.
http://tigersoft.com/Tiger-Blogs/9-6-2007/index.htm
 |
VRTX
 |
CURA
 |
Falling Food and Commodity Prices
 |
Falling Gold Means Strong Dollar and Less Inflation
 |
Falling Bitcoins. Continuing Dominance of Dollar is Bullish for
American Stocks
as long as it Rates are not being raised so fast as to cause a Depression here.
|
Bond Prices
 |
We Still need to watch Oil Prices. They are still generally
uptrending.
 |
Table 1 QUICKSILVER on ETFS - 6/24/2022
Bullish = 0
Bearish = 2 - FAS, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
DIA 315.02 8.28 298.72 249.5% ------- BLUE .057 ------------------
---------------------------------------------------------------------------------------------
COMPQX 11607.62 375.43 10798.35 438.7% Bullish BLUE .031 -.052 -.021
---------------------------------------------------------------------------------------------
SPY 390.08 12.02 365.86 314.9% Bullish BLUE .001 -.031 -.03
---------------------------------------------------------------------------------------------
QQQ 294.61 9.76 274.69 416.8% Bullish BLUE -.001 -.053 -.054
---------------------------------------------------------------------------------------------
MDY 425.44 14.37 404.83 280.7% ------- BLUE .069 -.023 .046
---------------------------------------------------------------------------------------------
IWM 175.09 5.26 165.18 335.1% Bullish BLUE .064 -.032 .032
---------------------------------------------------------------------------------------------
FAS 68.87 7.15 58.9 846.9% ------- BLUE .026 -.274 -.248
---------------------------------------------------------------------------------------------
RETL 10.33 1.01 8.46 1328.6% Bullish BLUE .273 -.377 -.104
---------------------------------------------------------------------------------------------
SOXL 15.81 1.8 13.7 795.8% ------- BLUE .011 -.318 -.307 -
---------------------------------------------------------------------------------------------
TECL 32.62 3.17 26.54 1211.6% Bullish BLUE .094 -.255 -.161
---------------------------------------------------------------------------------------------
IBB 120.04 2.03 109.56 636.5% Bullish BLUE .223 .008 .231
---------------------------------------------------------------------------------------------
GLD 170.09 -.17 171.27 -75.9% Bearish RED -.035 .005 -.03
---------------------------------------------------------------------------------------------
OIL 18.44 .4 19.17 -433.1% ------- BLUE .053 .094 .147
---------------------------------------------------------------------------------------------
OIH 228.8 7.46 235.16 -356.1% Bearish BLUE -.123 -.134 -.257 -
---------------------------------------------------------------------------------------------
CPER 22.6 -.08 24.37 -466.4% Bearish BLUE .178 -.129 .049
---------------------------------------------------------------------------------------------
UUP 27.78 -.06 27.95 19.8% Bullish ---- .025 .115 .14
---------------------------------------------------------------------------------------------
CORN 26.81 .66 28.86 -410.6% Bearish BLUE -.193 .008 -.185
---------------------------------------------------------------------------------------------
WEAT 9.52 -.11 10.6 -755.2% Bearish RED -.039 -.057 -.096
---------------------------------------------------------------------------------------------
YINN 98.17 7.62 85.38 972.6% Bearish BLUE -.013 .221 .208
|
Table 2 Count of Stocks in Key Directories
20220624
-------------------------------
NEWHIGHS 10 + 33 = 43
NEWLOWS 68 +147 = 215
Advances 2,668 vs 1,968
Declines 563 vs 1,312
MAXCP 21
MINCP 18
TTTNH 23
TTTNL 7
CPCROSSA 408
CPCROSSD 35
ACCUMVER 9
HIGHIP21 21
HIUPPCT 5
VHIP21 42
LOWACCUM 331
REDSELL 110
AUGSELS7 3
TRAPDOOR 5
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/24/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .66 .58 .56 .52 .5 .44
SOLAR .625 .687 .437 .437 .312 .125
=================================================================================================
BEVERAGE .5 .357 .142 .285 .142 .214
=================================================================================================
DJI-13 .384 .153 .076 .076 .076 .076
AUTO .358 .207 .207 .226 .15 .113
COMPUTER .35 .3 .25 .25 .2 .15
HACKERS .35 .2 .15 .2 .2 .2
EDU .333 0 0 0 0 0
BIOTECH .328 .292 .2 .172 .133 .105
GUNS .307 .23 .153 .153 .076 0
SOFTWARE .267 .178 .125 .125 .125 .089
HOSPITAL .25 .187 .187 .125 .125 .125
CHEM .239 .108 .13 .108 .13 .086
DOWJONES .233 .133 .1 .1 .033 .033
====
ELECTRON .218 .142 .112 .12 .105 .097
GAMING .21 .157 .157 .21 .157 .052
GREEN .21 .105 .052 .105 .105 .052
SEMI .21 .157 .126 .136 .094 .084
REGBANKS .2 .12 .12 .12 .08 .04
NASD-100 .195 .144 .123 .134 .092 .082
====
RUS-1000 .194 .151 .134 .136 .121 .106
INDEXES .189 .172 .167 .162 .162 .162
REIT .184 .115 .1 .092 .076 .069
LOWPRICE .177 .161 .148 .161 .145 .145
NIFTY .173 .108 .108 .13 .108 .086
FIDSTKS .171 .118 .1 .1 .041 .047
HIGHPRIC .171 .093 .082 .074 .031 .031
SP-100 .166 .133 .1 .088 .022 .022
FOOD .163 .163 .224 .285 .326 .408
COMODITY .153 .153 .205 .256 .282 .358
JETS .153 .076 .153 .153 0 0
SP500 .146 .086 .054 .062 .028 .028
=====
ETFS .145 .145 .145 .145 .127 .09
RETAIL .127 .085 .063 .085 .063 .042
INSURANC .12 .04 0 0 0 0
MILITARY .115 .038 .038 .076 0 0
OILGAS .113 .094 .132 .245 .15 .283
INDMATER .111 .041 .055 .069 .055 .055
FINANCE .097 .036 .073 .06 .048 .048
INFRA .09 .06 .06 .06 .06 .06
UTILITY .078 .026 0 0 0 .026
BONDFUND .057 .034 .034 .022 .022 .011
TRANSP .052 .052 .052 .052 .052 .052
GOLD .043 .043 .043 .043 .043 .043
BIGBANKS 0 0 0 0 0 0
COAL 0 0 0 .333 0 0
COPPER 0 0 0 0 0 0
HOMEBLDG 0 0 0 0 0 0
MARIJUAN 0 0 0 0 0 0
|
==================================================================================
Friday:
June 23: 6:00 AM (PCT) Futures: DJI
231 +NASDAQ +98 Data Used for 6/23/2022
| |
Our charts tell a bullish story.
Inflation is probably going to be coming down.
That's bullish for the leading ETFs, DIA, SPY and
QQQ.
See the breaks in prices of Oil and Oil stocks, Food
Commodities, Copper
and Gold, etc. This is what is sending up the
prices of stocks now. So, far the
DJI has risen only back to its 3.5% lower band.
I would think the Buy B9-
B8 will get the DJI up another 6% to the upper 2.5%
band. Things could
change, of course, but we see another strong opening
this morning and the
Closing Powers for DIA, QQQ and SPY are rising.
Professionals want
in on this rally. Isn't it something how the
DJI held without breaking
below its 20% down-from-the peak level?
It was another excellent day
for biotechs and UNH in the DJI. These are the
leaders in a recovery
from a deeply oversold market. Buy some of the
big ETFs named above.
Take profits in the short-sales. If inflation
really does start to fall, it could
bring a buying panic. |
|
| |
June 23
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80623.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-23/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-23/BEARISH.htm |
|
====================================================================================
Thursday:
June 23: 5:45 AM (PCT) Futures: DJI
181 +NASDAQ +121 Data Used for 6/22/2022
| |
We have seen the DJI-30 hold up remarkably
as the rest of the market
dropped significantly. Now we have
"oversold-bullish divergence"
Peerless Buy signals telling us that the DJI should
be able to rally back to its
2.5% upper band, at least.
This would be in face of the still negative technical
readings we are
getting from the many new lows (see Table 2 below),
from the fact that
only Chinese stocks as a group show a majority of
their components
above their 65-dma (see Table 3) and that the
percentage of DJ-30
stocks above their 65-dma is only 10% (Table 3).
Note that a DJI rally now would fight the 75% odds of
lower prices in the blue
chip average when the Dow's chart shows a well-tested
falling support-line
line, as is apparent now. Note the only DJI
charts that I could find
showing a comparable falling support-line just above
tonight's tables.. All
of these charts were from the "stop-go"
years of the 1966-1980 era when
higher interest rates led to big DJI declines in
1966, 1974 and 1977. The
lone bullish exception was in the Summer of 1973.
And even in this case, the
rally did not last. By October the DJI was
again falling because of higher interest
rates and Nixon's impending impeachment.
Nevertheless, we have our Buy signals based on wide
bullish divergences
between the DJI's "oversold": new low and
its non-confiming P-I, IP21 (positive!)
Closing Power readings. If the DJI can now rise back
within its normal
3.5% channel, the DJI will be able to gain traction
and a rally to the upper
2.5% band would have to be expected.
No doubt, the DJI's strength here owes to the way it
is constructed. Its
highest priced and most heavily weighted component,
UNH, is making big
leaps up. Generally speaking, as bear markets
begin, the DJI is expected
to hold up the longest or nearly so. That is
its primary function as the
"blue-chip" average, i.e. to offer
investors the appearance of safety when
elsewhere it is badly eroding. Another bullish
element: traders are placing
a lot of faith in Federal Reserve Chairman Powell and
trust that he will not let
the DJI fall more than 20% below its yearly high,
just as he did in December
2018. More cynically, I wonder if he has
privately let NY traders know
that the next rate hike will be by 1/2% if commodity
and oil prices stop
rising and even fall a little, as they have begun to.
So, being long DIA, SPY or QQQ now that they have
rising Closing
Powers is reasonable for the time being. At the
same time, since there
were 574 new lows today and only 15 new highs, being
hedged and short
some of the bearish MINCPs remains our recommended
trading posture. |
|
| |
June 22nd
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80622.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-22/BEARISH.htm |
|
Note falling support lines in DJI, NASDAQ, QQQ
and SPY charts below
as well as in DJI charts of 1966,
1973, 1974 and 1977. Only in 1973
case was there a good rally from
the falling support line. Among the
high priced DJI-30 stocks, we see
falling support lines in MSFT, GS
and HD. It is important that
these hold above their down-trendlines
if we are to get a good rally next.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
DJI - 1966 Rising Rates until end of year.
 |
DJI - 1973 Rising Rates and falling support line.
 |
DJI - 1974 Rising Rates and falling support line.
 |
DJI - 1977 - Falling Support Line and rising rates
 |
Table 1 QUICKSILVER on ETFS - 6/22/2022
Bullish = 2 - OIL
Bearish = 3 - FAS, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
DIA 304.61 -.68 307.23 5.1% ------- BLUE .064 0 .064
---------------------------------------------------------------------------------------------
COMPQX 11053.08 -16.22 11099.16 103.2% Bullish BLUE -.001 -.071 -.072
---------------------------------------------------------------------------------------------
SPY 374.39 -.68 379.2 7% ------- BLUE -.016 -.04 -.056
---------------------------------------------------------------------------------------------
QQQ 280.67 -.41 282.8 85.9% Bullish BLUE .002 -.073 -.071
---------------------------------------------------------------------------------------------
MDY 408.59 -1.36 422.61 -109.6% Bearish BLUE .023 -.02 .003
---------------------------------------------------------------------------------------------
IWM 167.82 -.32 171.86 -46.5% ------- BLUE .013 -.029 -.016
---------------------------------------------------------------------------------------------
FAS 62.08 -.39 63.62 42.6% ------- BLUE .012 -.32 -.308 ---
---------------------------------------------------------------------------------------------
RETL 8.67 -.13 9.43 -131.8% ------- BLUE .236 -.427 -.191
---------------------------------------------------------------------------------------------
SOXL 14.29 -.51 16.61 -493.7% ------- BLUE -.012 -.372 -.384 ----
---------------------------------------------------------------------------------------------
TECL 28.23 -.31 29.44 95.9% Bullish BLUE .12 -.351 -.231
---------------------------------------------------------------------------------------------
IBB 113.25 1.38 108.66 323.7% Bullish BLUE .133 -.028 .105
---------------------------------------------------------------------------------------------
GLD 171.31 .68 170.77 80.2% ------- RED .038 .067 .105
---------------------------------------------------------------------------------------------
OIL 18.61 -.72 19.93 -415.1% ------- BLUE .109 .165 .274 +++
---------------------------------------------------------------------------------------------
OIH 233.81 -12.61 259.94 -630.1% Bearish BLUE -.039 -.077 -.116
---------------------------------------------------------------------------------------------
CPER 23.8 -.57 25.25 -254.3% ------- BLUE .209 -.047 .162
---------------------------------------------------------------------------------------------
UUP 27.81 -.04 27.94 -62.7% ------- ---- -.009 .166 .157
---------------------------------------------------------------------------------------------
CORN 27.52 -.28 28.65 -176.6% Bearish RED -.138 .094 -.044
---------------------------------------------------------------------------------------------
WEAT 9.98 -.05 10.79 -370.8% Bearish RED .042 .071 .113
---------------------------------------------------------------------------------------------
YINN 86.65 -5.22 91.63 13.7% Bearish BLUE -.034 .047 .013
|
Table 2 Count of Stocks in Key Directories
20220622
-------------------------------
NEWHIGHS 5 + 10 = 15 (NYSE + NASDAQ)
NEWLOWS 270 + 304 = 574
Advances 1,541 vs 2,398 (Yesterday)
Declines 1,734 vs 901
MAXCP 11
MINCP 61
TTTNH 16
TTTNL 19
CPCROSSA 170
CPCROSSD 19
ACCUMVER 47
HIGHIP21 7
HIUPPCT 5
VHIP21 42
LOWACCUM 253
REDSELL 111
AUGSELS7 6
TRAPDOOR 17
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/22/22
Bullish = 1
Bearish = 48
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .56 .52 .5 .44 .54 .5
================================================================================================
SOLAR .437 .437 .312 .125 .25 .187
COMPUTER .25 .25 .2 .15 .2 .2
FOOD .224 .285 .326 .408 .367 .346
AUTO .207 .226 .15 .113 .245 .226
COMODITY .205 .256 .282 .358 .333 .282
BIOTECH .2 .172 .133 .108 .133 .111
HOSPITAL .187 .125 .125 .125 .125 .062
INDEXES .167 .162 .162 .162 .172 .189
GAMING .157 .157 .157 .105 .157 .105
GUNS .153 .153 .076 0 .076 .076
JETS .153 .153 0 0 .076 0
HACKERS .15 .2 .2 .2 .2 .2
LOWPRICE .148 .158 .145 .15 .195 .177
ETFS .145 .145 .127 .109 .145 .127
BEVERAGE .142 .285 .142 .214 .285 .214
SOFTWARE .142 .142 .125 .089 .125 .125
RUS-1000 .134 .136 .121 .108 .172 .139
OILGAS .132 .245 .15 .273 .49 .5
CHEM .13 .13 .13 .108 .195 .217
SEMI .126 .136 .094 .084 .157 .115
NASD-100 .123 .123 .082 .082 .123 .103
=====
REGBANKS .12 .12 .08 .04 .08 .08
ELECTRON .112 .12 .105 .097 .15 .112
NIFTY .108 .108 .086 .086 .13 .108
DOWJONES .1 .1 .033 .033 .033 .033
=====
FIDSTKS .1 .1 .041 .047 .1 .076
SP-100 .1 .088 .022 .022 .066 .088
REIT .092 .092 .084 .069 .069 .046
HIGHPRIC .082 .074 .031 .031 .066 .058
DJI-13 .076 .076 .076 .076 .076 .076
FINANCE .073 .06 .036 .036 .048 .048
RETAIL .063 .085 .063 .042 .127 .042
INFRA .06 .06 .06 .06 .09 .09
INDMATER .055 .069 .055 .055 .097 .111
SP500 .054 .062 .026 .028 .078 .066
=====
GREEN .052 .105 .105 .052 .157 .105
TRANSP .052 .052 .052 .052 .105 .157
GOLD .043 .043 .043 .043 .043 .043
MILITARY .038 .076 0 0 .076 0
BONDFUND .034 .022 .022 .022 .057 .045
BIGBANKS 0 0 0 0 0 0
=====
COAL 0 .333 0 0 .333 .333
COPPER 0 0 0 0 .125 .125
EDU 0 0 0 0 0 0
HOMEBLDG 0 0 0 0 0 0
INSURANC 0 0 0 0 0 0
MARIJUAN 0 0 0 0 0 0
UTILITY 0 0 0 .026 .052 .052
|
===================================================================================
Wednesday:
June 22: 5:55 AM (PCT) Futures: DJI -356 NASDAQ -170 Data Used for 6/21/2022
| |
Another
weak opening and false rally is upon us. The Peerless Buys give
us hope that a base
will be formed new 30,000 on the DJI or at its 20%
down-from-the-top
level. But the technical data for Tuesday's trading
was mediocre at best.
That was our warning, not the advance at the close,
that we should not
chase the rally. In particular, (1) there were not enough
advancers for a
600-point up day in the DJI (less than 2400 on NYSE),
(2) there were almost 9
times more new lows than new highs today, and
(3) just one stock (UNH
+ 28) gave an inordinate boost to the DJI's rally.
So expect more
basebuilding. Watch the stocks that signify inflation is
still rising, oil
stocks and crude oil, in particular. In that vein, CVX in DJI-30
was the second biggest
gainer today and USO is still in an uptrend. Wheat,
on the other hand, has
broken down after completing a bearish head/shoulders
pattern. Watch
also BITO (Bitcoins - which are new here today). It was
billed as better than
the Dollar because of all the US Government debt. It
has been a disaster
this year.
The Buy B8 is unusual
in its present form. Almost all the B8s take place
with the DJI not more
than 5% below its 21-day ma. Because our B8
this year occurred more
than 6% below the 21-day ma, this means
that the DJI must fight
its way up through the normal 3.5% lower band
to get traction for a
good rally. So, bulls should be patient and stay hedged
with some of the many
bearish MINCPs stocks of late.
Watch Chinese stocks to
see if they are turning around after a long decline.
Biotechs, not being so
sensitive to a recession, are again popping up
among the very few
Bullish MAXCPs. It's been a long time since they, as
group, attracted
attention. See IBB below and VRTX, the most bullish
seasoned biotech. |
|
| |
June 21, 2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM new -< BITO (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80621.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-21/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-21/BEARISH.htm |
|
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Table 1 QUICKSILVER on ETFS - 6/22/2022
Bullish = 2 - OIL
Bearish = 3 - FAS, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
DIA 305.29 6.57 304.3 -4.8% ------- BLUE .085 --- ----
---------------------------------------------------------------------------------------------
COMPQX 11069.3 270.95 10828.35 120% ------- BLUE .02 -.086 -.066
---------------------------------------------------------------------------------------------
SPY 375.07 9.21 373.87 .9% ------- BLUE -.009 -.047 -.056
---------------------------------------------------------------------------------------------
QQQ 281.08 6.39 275.91 102.7% Bullish BLUE .03 -.089 -.059
---------------------------------------------------------------------------------------------
MDY 409.95 5.12 417.61 -114.1% Bearish RED .023 -.023 0
---------------------------------------------------------------------------------------------
IWM 168.14 2.96 169.38 -61.3% Bearish BLUE .014 -.039 -.025
---------------------------------------------------------------------------------------------
FAS 62.47 3.57 61.56 -36% Bearish ---- .02 -.309 -.289 ----
---------------------------------------------------------------------------------------------
RETL 8.8 .34 8.9 51.7% ------- ---- .23 -.409 -.179
---------------------------------------------------------------------------------------------
SOXL 14.8 1.1 15.76 -249.4% Bearish BLUE .027 -.397 -.37 -----
---------------------------------------------------------------------------------------------
TECL 28.54 2 27.7 237.5% ------- BLUE .153 -.374 -.221
---------------------------------------------------------------------------------------------
IBB 111.87 2.31 106.23 275.1% ------- BLUE .142 -.047 .095
---------------------------------------------------------------------------------------------
GLD 170.63 -.64 168.57 20.5% Bullish RED .099 .064 .163
---------------------------------------------------------------------------------------------
OIL 19.33 .16 20.25 -332.2% ------- ---- .125 .213 .338 +++
---------------------------------------------------------------------------------------------
OIH 246.42 11.26 265.38 -482.5% Bearish BLUE -.046 -.005 -.051
---------------------------------------------------------------------------------------------
CPER 24.37 0 25.06 -208.1% Bullish RED .218 -.032 .186
---------------------------------------------------------------------------------------------
UUP 27.85 -.1 28.16 -44.7% Bullish ---- -.04 .162 .122
---------------------------------------------------------------------------------------------
CORN 27.8 -1.06 28.53 -147.8% ------- RED -.085 .108 .023
---------------------------------------------------------------------------------------------
WEAT 10.03 -.57 10.77 -429% Bearish RED .049 .096 .145
---------------------------------------------------------------------------------------------
YINN 91.87 6.49 86.41 743.1% Bearish BLUE -.018 .099 .081
|
Table 2 Count of Stocks in Key Directories
20220621
-------------------------------
NEWHIGHS 11 + 35 = 46
NEWLOWS 158 + 202 = 360
Advances 2,398 vs 1,977
Declines 901 vs 1,316
MAXCP 15
MINCP 199
TTTNH 12
TTTNL 115
CPCROSSA 97
CPCROSSD 27
ACCUMVER 44
HIGHIP21 10
HIUPPCT 5
VHIP21 43
LOWACCUM 273
REDSELL 110
AUGSELS7 8
TRAPDOOR 12
|
Table 1 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/21/22
Bullish = 1 (China)
Bearish = 48
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .52 .5 .44 .54 .5 .36
-------------------------------------------------------------------------------------------------------
SOLAR .437 .312 .125 .25 .187 .187
COAL .333 0 0 .333 .333 .333
BEVERAGE .285 .142 .214 .285 .214 .142
FOOD .285 .326 .408 .367 .367 .428
COMODITY .256 .282 .358 .333 .307 .333
COMPUTER .25 .2 .15 .2 .2 .2
OILGAS .245 .15 .273 .49 .509 .594
AUTO .226 .15 .113 .245 .226 .15
HACKERS .2 .2 .2 .2 .2 .2
BIOTECH .172 .133 .108 .133 .111 .116
INDEXES .162 .162 .162 .172 .189 .205
LOWPRICE .161 .142 .15 .195 .177 .179
GAMING .157 .157 .052 .21 .105 .105
GUNS .153 .076 0 .076 .076 .076
JETS .153 0 0 .076 .076 0
ETFS .145 .127 .109 .145 .145 .072
SOFTWARE .142 .142 .089 .125 .125 .125
RUS-1000 .136 .121 .108 .172 .141 .139
SEMI .136 .094 .084 .157 .115 .126
CHEM .13 .13 .13 .173 .239 .217
HOSPITAL .125 .125 .125 .125 .062 .125
NASD-100 .123 .082 .072 .123 .103 .082
ELECTRON .12 .105 .097 .15 .112 .12
REGBANKS .12 .08 .04 .08 .08 .08
NIFTY .108 .086 .065 .13 .108 .108
GREEN .105 .105 .052 .157 .105 .105
DOWJONES .1 .033 .033 .033 .033 .033
FIDSTKS .1 .041 .047 .1 .088 .082
REIT .092 .076 .076 .069 .046 .053
SP-100 .088 .022 .022 .066 .088 .066
RETAIL .085 .063 .042 .127 .063 .042
DJI-13 .076 .076 .076 .076 .076 .076
MILITARY .076 0 0 .076 0 .076
HIGHPRIC .074 .031 .031 .066 .058 .058
INDMATER .069 .055 .055 .097 .111 .125
SP500 .062 .026 .028 .076 .07 .072
FINANCE .06 .036 .036 .036 .048 .036
INFRA .06 .06 .06 .09 .09 .09
TRANSP .052 .052 .052 .105 .157 0
GOLD .043 .043 .043 .043 .043 .043
BONDFUND .022 .022 .022 .057 .057 .057
BIGBANKS 0 0 0 0 0 0
COPPER 0 0 0 .125 .125 0
EDU 0 0 0 0 0 0
HOMEBLDG 0 0 0 0 0 0
INSURANC 0 0 0 0 0 .04
MARIJUAN 0 0 0 0 0 0
UTILITY 0 0 .026 .052 .052 .052
|
-------------------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------------------------
Tuesday:
June 21: 6:00 AM (PCT) Futures: DJI +398
NASDAQ +150
Data Used for 6/17/2022
| |
Fed Chairman's hair has turned almost all
gray. He is facing a hard set
of choices: inflation or recession. The stock market
reflects this too. Last
week we had two days with more than 3000 decliners on the
New York.
Friday's close produced 15x more new lows than new highs.
And, this
we've not see since 2008, there were no groups of stocks in
Table 3 below
with a majority of their components above the 65-dma.
But this morning the DJI is up nearly 400 at the opening.
Last week's trial
Sell S6(two-day reversal down) seems to have failed in that
today is up so
much before the opening. Peerless produced a Buy B8
at the close
on Friday. The Buy B8 tells us that the DJI is at the
lower 4% band or
below with significant non-confirmations from the
P-Indicator and IP21-
Accumulation Index. Look at the DJI's chart below and
see that the IP21
is still above zero and the P-I is much improved from its
previous low.
I looked back at all the earlier Buy B8s. Nearly all
occur with the DJI not so
far below the 21-dma as now unless the OBVPct is
positive as was true
at the 1932 bottom. The only exception - where the DJI is
more than 6%
below the 21-dma, as occurred at Friday's close - was at
the 1974
bottom.
Could we really be at a bottom? Besides being
over-sold by most
standards, the DJI has finally fallen almost to the level
20% below
its peak. Repeatedly, this has produced a gain since
1990 for those
traders who buy it. See these DJI charts just above
our Tables
for today.
I can't really argue with the new Buy B8 (or B17 on
the 2006 version of
Peerless) when they occur this close to the 20% down
level for the
DJI. So DIA, SPY and QQQ ought to rally from
their falling
support lines. But chasing the market up 400
points is usually
risky. Let's do our buying at the Close in
these if they show strength
then or if they fall back to Friday's closing levels.
The Bullish MAXCPs offer few appealing targets other
than some
biotechs like VRTX. I did notice that IBB has a
new red Buy
and moved up on Friday. With so many
stocks making new
lows, hold onto the bearish MINCPs as hedging short
sales.
|
|
| |
June 17, 2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80617.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-17/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-17/BEARISH.htm |
|
==================================================================================
Friday: June 16:
5:50 AM (PCT) Data Used for 6/16/2022
| |
The sell-off today was ugly. There were
3000 decliners on the NYSE and
only one new high. However, if you were short $10,000 in
typical MINCPs
and long $10,000 in SPY, you would actually have made money.
While the
SPY fell 3%, the shorts fell twice that. So, I hope you are
hedged.
I warned of a Sell S6 despite the Buy B9. The DJI's 2% gap
down never
saw any recovery. This type of decline is particularly
pernicious in that there
is no escaping it. There is no intra-day recovery or
end-of-day rally. And it
follows on a nice upside swing the day before. But somehow,
the present
Peerless program did not give a Sell S6.
However, I looked back and asked what happened in the past when
the
DJI closes down with an overwhelming number of decliners and very
few
advancers - like today - right after a very good breadth day -
like Wesndesday's.
What I found was not encouraging to bulls or our current Buy B9.
I found three earlier cases like the two day reversal down we
just
experienced. In the first case, 3/22/39, Hitler had just
invaded
Czechoslovakia. In the second case, 6/29/50, North Korea
had
just invaded South Korea. In the third case, 3/5/2020 -
humanity
was attacked by Covid. In all three cases, a deeper DJI
decline followed:
respectively, 139.5 to 124; 206.7 to 197.6; and 26122 to 18592.
Sometimes, there was a brief recovery for a day, but always the
DJI fell much lower. The most recent case was the worst.
So, definitely, stay hedged with shorts from among our MINCPs.
Use this new research if you are bearish to do more shorting.
And watch out for another mean sell-off on Monday when the
bearish week-end comments play out. If you are bullish,
watch
to see if the Closing Powers shown below break their downtrends.
That will help bring more of a recovery.
My own inclination is to trust this new research and sell into
strength tomorrow. I will post a revised Peerless this
weekend
showing the additional Sell S6 signals. I'll do this unless there
is some new
FED annuncement that is very bullish and the market goes
wildly up. In that case, we will probably get a new Buy
B19. |
|
| |
June 16, 2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80616.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-16/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-16/BEARISH.htm |
|
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Table 1 QUICKSILVER on ETFS - 6/16/2022
Bullish = 3 - GLD, OIL, WEAT
Bearish = 3 - FAS, RETL, TECL, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
DIA 299.9 -7.33 314.37 -371.5% Bearish RED .038 ----- ------
---------------------------------------------------------------------------------------------
COMPQX 10646.1 -453.06 11340.02 -496.2% Bearish RED -.057 -.116 -.173
---------------------------------------------------------------------------------------------
SPY 366.65 -12.55 389.8 -453.2% Bearish RED -.089 -.053 -.142
---------------------------------------------------------------------------------------------
QQQ 271.39 -11.41 288.84 -492.3% Bearish RED -.053 -.114 -.167
---------------------------------------------------------------------------------------------
MDY 402.57 -20.04 439.05 -562.7% Bearish RED -.026 -.034 -.06
---------------------------------------------------------------------------------------------
IWM 163.9 -7.96 178.59 -562.9% Bearish RED -.01 -.058 -.068
---------------------------------------------------------------------------------------------
FAS 58.58 -5.04 69.55 -1446.5% Bearish RED .001 -.345 -.344
---------------------------------------------------------------------------------------------
RETL 8.03 -1.4 9.99 -1623.8% ------- RED .157 -.447 -.29
---------------------------------------------------------------------------------------------
SOXL 13.57 -3.04 18.81 -2140.7% Bearish RED -.048 -.453 -.501
---------------------------------------------------------------------------------------------
TECL 25.9 -3.54 31.38 -1580.5% Bearish RED .074 -.435 -.361
---------------------------------------------------------------------------------------------
IBB 105.82 -2.84 110.48 -374.1% Bearish RED .1 -.068 .032
---------------------------------------------------------------------------------------------
GLD 172.69 1.92 174.54 13.4% Bullish BLUE .159 .098 .257
---------------------------------------------------------------------------------------------
OIL 20.09 .16 20.65 -195.4% Bullish BLUE .191 .265 .456
---------------------------------------------------------------------------------------------
OIH 245.64 -14.3 290.95 -981% Bearish RED -.018 .013 -.005
---------------------------------------------------------------------------------------------
CPER 24.84 -.41 26.04 -302.4% Bullish BLUE .239 -.007 .232
---------------------------------------------------------------------------------------------
UUP 27.67 -.27 27.83 10.7% ------- RED -.034 .174 .14
---------------------------------------------------------------------------------------------
CORN 29.1 .45 28.79 103.1% ------- BLUE -.065 .178 .113
---------------------------------------------------------------------------------------------
WEAT 11.07 .28 11.05 36.7% ------- BLUE .109 .205 .314
---------------------------------------------------------------------------------------------
YINN 81.22 -10.41 91.16 -578.6% Bearish RED -.014 -.088 -.102
|
Table 2 Count of Stocks in Key Directories
20220616
-------------------------------
NEWHIGHS 1 14 (NASD = 15
NEWLOWS 1092 1147 (NASD)= 2239
Advances 335 vs 2,398 (yesterday)
Declines 3,012 877 (yesterday)
MAXCP 5
MINCP 400
TTTNH 17
TTTNL 310
CPCROSSA 70
CPCROSSD 342
ACCUMVER 32
HIUPPCT 6
VHIP21 42
LOWACCUM 280
REDSELL 110
AUGSELS7 8
TRAPDOOR 125
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/16/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .44 .54 .5 .36 .52 .5
FOOD .408 .367 .367 .428 .448 .53
COMODITY .358 .333 .307 .333 .358 .435
OILGAS .273 .49 .509 .584 .773 .801
BEVERAGE .214 .285 .214 .214 .357 .428
HACKERS .2 .2 .2 .25 .3 .3
INDEXES .162 .172 .189 .2 .221 .205
COMPUTER .15 .2 .2 .2 .3 .3
LOWPRICE .15 .193 .177 .179 .243 .261
CHEM .13 .195 .239 .217 .413 .63
HOSPITAL .125 .125 .062 .125 .187 .187
SOLAR .125 .25 .187 .187 .562 .687
AUTO .113 .245 .226 .15 .377 .49
ETFS .109 .145 .145 .09 .145 .145
BIOTECH .108 .133 .111 .114 .178 .239
RUS-1000 .108 .172 .141 .139 .22 .275
SOFTWARE .107 .142 .125 .125 .178 .214
ELECTRON .097 .15 .112 .12 .218 .338
SEMI .084 .157 .115 .126 .221 .347
DJI-13 .076 .076 .076 .076 .076 .23
NASD-100 .072 .113 .092 .092 .144 .226
REIT .069 .069 .053 .053 .169 .246
NIFTY .065 .108 .086 .108 .173 .239
INFRA .06 .09 .09 .09 .242 .454
INDMATER .055 .097 .111 .125 .263 .416
GAMING .052 .157 .105 .157 .157 .21
GREEN .052 .157 .105 .105 .21 .21
TRANSP .052 .105 .157 0 .105 .157
FIDSTKS .047 .1 .088 .088 .171 .26
GOLD .043 .043 .043 .043 .086 .043
RETAIL .042 .127 .063 .042 .127 .212
REGBANKS .04 .08 .08 .08 .08 .16
FINANCE .036 .036 .036 .024 .085 .146
DOWJONES .033 .033 .033 .033 .1 .233
HIGHPRIC .031 .066 .058 .058 .113 .187
SP500 .028 .076 .068 .074 .14 .227
UTILITY .026 .052 .052 .052 .105 .131
BONDFUND .022 .057 .057 .068 .103 .149
SP-100 .022 .066 .088 .066 .155 .211
BIGBANKS 0 0 0 0 0 0
COAL 0 .333 .333 .333 1 1
COPPER 0 .125 .125 0 .125 .25
EDU 0 0 0 0 0 0
GUNS 0 .076 .076 .076 .384 .384
HOMEBLDG 0 0 0 0 .052 .263
INSURANC 0 0 0 .04 .12 .2
JETS 0 .076 .076 0 .076 .153
MARIJUAN 0 0 0 0 0 0
MILITARY 0 .076 0 .076 .153 .192
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/16/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
CHINA .44 .54 .5 .36 .52 .5
FOOD .408 .367 .367 .428 .448 .53
COMODITY .358 .333 .307 .333 .358 .435
OILGAS .273 .49 .509 .584 .773 .801
BEVERAGE .214 .285 .214 .214 .357 .428
HACKERS .2 .2 .2 .25 .3 .3
INDEXES .162 .172 .189 .2 .221 .205
COMPUTER .15 .2 .2 .2 .3 .3
LOWPRICE .15 .193 .177 .179 .243 .261
CHEM .13 .195 .239 .217 .413 .63
HOSPITAL .125 .125 .062 .125 .187 .187
SOLAR .125 .25 .187 .187 .562 .687
AUTO .113 .245 .226 .15 .377 .49
ETFS .109 .145 .145 .09 .145 .145
BIOTECH .108 .133 .111 .114 .178 .239
RUS-1000 .108 .172 .141 .139 .22 .275
SOFTWARE .107 .142 .125 .125 .178 .214
ELECTRON .097 .15 .112 .12 .218 .338
SEMI .084 .157 .115 .126 .221 .347
DJI-13 .076 .076 .076 .076 .076 .23
NASD-100 .072 .113 .092 .092 .144 .226
REIT .069 .069 .053 .053 .169 .246
NIFTY .065 .108 .086 .108 .173 .239
INFRA .06 .09 .09 .09 .242 .454
INDMATER .055 .097 .111 .125 .263 .416
GAMING .052 .157 .105 .157 .157 .21
GREEN .052 .157 .105 .105 .21 .21
TRANSP .052 .105 .157 0 .105 .157
FIDSTKS .047 .1 .088 .088 .171 .26
GOLD .043 .043 .043 .043 .086 .043
RETAIL .042 .127 .063 .042 .127 .212
REGBANKS .04 .08 .08 .08 .08 .16
FINANCE .036 .036 .036 .024 .085 .146
DOWJONES .033 .033 .033 .033 .1 .233
HIGHPRIC .031 .066 .058 .058 .113 .187
SP500 .028 .076 .068 .074 .14 .227
UTILITY .026 .052 .052 .052 .105 .131
BONDFUND .022 .057 .057 .068 .103 .149
SP-100 .022 .066 .088 .066 .155 .211
BIGBANKS 0 0 0 0 0 0
COAL 0 .333 .333 .333 1 1
COPPER 0 .125 .125 0 .125 .25
EDU 0 0 0 0 0 0
GUNS 0 .076 .076 .076 .384 .384
HOMEBLDG 0 0 0 0 .052 .263
INSURANC 0 0 0 .04 .12 .2
JETS 0 .076 .076 0 .076 .153
MARIJUAN 0 0 0 0 0 0
MILITARY 0 .076 0 .076 .153 .192
|
====================================================================================
Thursday: June
15: 5:30 AM (PCT) Futures:
DJI -490 NASDAQ -267 Data Used for 6/15/2022
| |
The Buy B9 we got on Wednesday's
close is looking risky. Momentum
is just too steeply down given the 3/4% rate hike and
the unknown
of how the FED's disposing of its bonds' and
mortgages' inventory is too
great. So, stay hedged.
Buy B9 http://www.tigersoft.com/PeerInst-2012-2013/-B9.htm
.
The key ETF's Closing Powers did not turn up.
Perhaps, today's big
early sell-off will give Professionals a chance to
make prices advance
and cause the Closing Powers to turn up with some
conviction. We
choose to remain hedged while we wait and see how the
Pros behave.
I have never seen so many falling support-lines in
the key ETFs.
A break in them will likely be quite bearish.
(See the charts of DIA,
DJI, SPY, NASDAQ and QQQ below.)
Fed Chairman Powell, for once, did not sugar-coat his
anti-inflationary message.
He made no concessions to Wall Street bulls. He
simply said that it was
becoming more and more difficult to achieve his
“soft landing...
Fluctuations and spikes in commodity prices could
wind up taking that option
out of our hands.” This scares
overseas traders this morning and the DJI
DJI futures were earlier off almost 500, thus
completely taking away our Buy
B9 gains.
Somethimes can hope that overseas' traders - who
trade before
the opening in New York - are less adept and informed
than our NY
Professional traders. Since Professionals did
NOT push prices up
Wednesday at the close compared to the opening,
for the most part,
we should not be surprised now that there will have
to be more testing of
Monday and Tuesday's lows.
The fact is that a complete reversal down today of
Wednesday's gains will
look a lot like the conditions causing a Peerless
Sell S6 before a deep bear
market drop. Let me explain. Ordinarily,
a turnaround on good breadth
and volume brings a follow-through advance.
When it does not and the
one-day rally is quickly crushed by lots of new
selling all day long, it shows
that Professionals are using any advance to do heavy
selling. They are not
even waiting for a follow-through rise.
The quick reversals down after what seems a
promiising reversals
snuff out more than prices, they destroy the
confidence of traders who
are buyers on the rally. Very often
bigger declines follow. See the cases
of Sell S6s in the past and how often they
predict deeper sell-offs in
bear markets. 12 of 15 brought short salling
gains of 7.5% to 20.7%
Sell S6s
Date
DJI
% Gain if Shorted Paper Loss
-------------------------------------------------------
19300611 249.1
.082
none
19320428
58.2 .187
-.0137
19320509
57.0 .170
-.035
19320929
71.5 .108
none
19371101
135.9 .131
none
19380316 122.9 .195
none
19460218 201.6 .03
none
19480205 170.9 .032
none
20080922 11016 .148
-.0115
20090129 8149 .191
-.0161
20160125 15885 .014
-.0355
20200303 25917. .201
none
20200305 26121 .207
none
20200311 23553. 121
none
20220505 32998 .075
none
So, there is considerable risk now. If we
get a Sell S6 tonight,
we will have to sell our SPY. Meanwhile,
stay hedged with a
collection of our Bearish MINCPs. I would
prefer to wait to
buy DBO and DBC (oil and commodities) at their
rising 65-day ma,
|
|
| |
6/15/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80615.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-15/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-15/BEARISH.htm |
|
--------------------------------------------------------------------------------------------------------------------------
Wednesday: June
15: 6:00 AM (PCT) Futures: DJI +190 NASDAQ +100 Data Used for 6/14/2022
| |
The market did its best to stabilize
after three heavy days of selling between
Thursday, Friday and Monday. The rush to
sell was caused by a widespread
fear that it's high time the FED got busy and fight
inflation with as much as a
3/4% rate hike. For us, this news has long been
expected. We have been
bringing the subject just about every night for
months, it seems. Now it's time
to act on the news. That's what yesterday's Buy
B9 is all about. The market
is oversold and it's ready to rally in the face of
long expected bad news.
Buy B9
http://www.tigersoft.com/PeerInst-2012-2013/-B9.htm
Cartoon - http://www.tigersoftware.com/cart1.jpg
That's one explanation. Another is that
our leader Jerome Powell will
appear this aftennoon and do what he can to
hold the market up in the
face of all those who say he should do more to
fight inflation. There is
a good chance that he will say inflation is NOT
getting worse. Or that
he will say that he is ready to have the FED
NOT actually sell any of
its vast holding of bonds and mortgages.
He'll just not be buying anymore.
Or, and this would be the best news possible,
he's going to raise rates,
yes, but he's also going to buy SP-500 futures
to hold up the market and the
economy.
Whatever he actually does say, all eyes will be
on him. And we have
yesterday's Buy B9 to guide us and give
us hope that he'll be kind to
the market, or rather the DJI, SP-500 and
NASDAQ, and they will be
going up for a while.
Powell and his advsers and the other FOMC
members are aware, I'm
sure, that the market now
"better" go up. For if it does not turn up, it will
fall and be breaking lots and lots of
downtrending SUPPORT lines. This
will bring avalanches of new sell orders.
Hold SPY long if you are a trader.
Hedge with some of the bearish MINCPs. |
|
| |
6/14/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80614.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-14/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-14/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 6/14/2022
Bullish = 2 - OIL, WEAT
Bearish = 3 - FAS, TECL, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA 304.3 -1.28 329.38 -434.2% Bearish RED .061 ---- ---
---------------------------------------------------------------------------------------------
COMPQX 10828.35 19.12 12086.27 -578.9% Bearish RED -.03 -.115 -.145
---------------------------------------------------------------------------------------------
SPY 373.87 -1.13 411.22 -525.2% Bearish RED -.059 -.049 -.108
---------------------------------------------------------------------------------------------
QQQ 275.91 .5 307.64 -573.2% Bearish RED -.028 -.112 -.14
---------------------------------------------------------------------------------------------
MDY 417.61 -1.77 460.42 -575.3% Bearish RED .06 -.029 .031
---------------------------------------------------------------------------------------------
IWM 169.38 -.82 187.95 -590.4% Bearish RED .053 -.058 -.005
---------------------------------------------------------------------------------------------
FAS 61.56 -1.35 84.15 -1772.5% Bearish RED .034 -.346 -.312 ---
---------------------------------------------------------------------------------------------
RETL 8.9 .19 11.52 -1251.7% ------- ---- .178 -.404 -.226
---------------------------------------------------------------------------------------------
SOXL 15.76 .21 22.91 -2146.5% Bearish RED -.007 -.44 -.447 ---
---------------------------------------------------------------------------------------------
TECL 27.7 .46 38.55 -1773.2% ------- RED .127 -.418 -.291 ---
---------------------------------------------------------------------------------------------
IBB 106.23 .26 118.13 -512% Bearish RED .099 -.076 .023
---------------------------------------------------------------------------------------------
GLD 168.57 -1.36 172.78 -126.7% Bullish RED .109 .065 .174
---------------------------------------------------------------------------------------------
OIL 20.25 -.41 21.08 -86.6% Bullish RED .188 .275 .463
---------------------------------------------------------------------------------------------
OIH 265.38 -5.69 310.87 -794.5% ------- RED .056 .045 .101
---------------------------------------------------------------------------------------------
CPER 25.06 -.35 26.83 -362.7% Bullish RED .217 0 .217
---------------------------------------------------------------------------------------------
UUP 28.16 .06 27.41 150.1% Bullish BLUE .003 .195 .198
---------------------------------------------------------------------------------------------
CORN 28.53 -.12 28.5 1.7% Bearish RED -.046 .18 .134
---------------------------------------------------------------------------------------------
WEAT 10.77 -.19 11.07 -136% ------- RED .196 .237 .433
---------------------------------------------------------------------------------------------
YINN 86.41 7.14 102.67 -465.2% Bearish BLUE -.036 -.031 -.067
|
Table 2 Count of Stocks in Key Directories
20220614
-------------------------------
NEWHIGHS 4 NYSE 15 NASDAQ
NEWLOWS 850 NYSE 1018 NASDAQ
Advances 1,242 vs 183 yesterday
Declines 2,071 vs 3,166 yesterday
MAXCP 7
MINCP 327
TTTNH 9
TTTNL 294
CPCROSSA 61
CPCROSSD 68
ACCUMVER 24
HIGHIP21 6
HIUPPCT 6
VHIP21 41
LOWACCUM 258
REDSELL 109
AUGSELS7 5
TRAPDOOR 11
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/14/22
Bullish = 1
Bearish = 47
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------
OILGAS .509 .584 .773 .801 .839 .858
--------------------------------------------------------------------
CHINA .5 .36 .52 .5 .6 .62
--------------------------------------------------------------------
FOOD .367 .428 .448 .53 .53 .51
COAL .333 .333 1 1 1 1
COMODITY .307 .333 .358 .435 .461 .461
CHEM .239 .239 .413 .652 .695 .717
AUTO .226 .15 .377 .49 .603 .603
BEVERAGE .214 .214 .357 .428 .571 .642
COMPUTER .2 .2 .3 .3 .35 .45
HACKERS .2 .25 .3 .3 .3 .4
INDEXES .189 .2 .221 .2 .264 .335
SOLAR .187 .187 .562 .687 .687 .687
LOWPRICE .177 .177 .243 .259 .285 .267
TRANSP .157 0 .105 .157 .21 .421
ETFS .145 .09 .145 .163 .363 .436
SOFTWARE .142 .142 .178 .214 .25 .357
RUS-1000 .141 .139 .22 .273 .316 .349
COPPER .125 0 .125 .25 .25 .375
SEMI .115 .126 .221 .336 .389 .515
ELECTRON .112 .12 .218 .33 .413 .533
BIOTECH .111 .114 .178 .239 .284 .275
INDMATER .111 .125 .263 .416 .5 .611
GAMING .105 .105 .157 .263 .315 .263
GREEN .105 .105 .21 .21 .315 .368
NASD-100 .092 .082 .134 .226 .35 .371
INFRA .09 .09 .242 .454 .515 .636
FIDSTKS .088 .088 .171 .254 .39 .485
SP-100 .088 .066 .155 .2 .333 .422
NIFTY .086 .086 .152 .239 .326 .369
REGBANKS .08 .08 .08 .08 .2 .44
DJI-13 .076 .076 .076 .23 .384 .538
GUNS .076 .076 .384 .384 .384 .461
JETS .076 0 .076 .153 .23 .384
SP500 .068 .074 .138 .225 .354 .452
RETAIL .063 .042 .127 .212 .255 .297
HOSPITAL .062 .125 .187 .187 .187 .25
HIGHPRIC .058 .058 .113 .187 .273 .32
BONDFUND .057 .068 .103 .149 .275 .333
UTILITY .052 .052 .105 .131 .447 .736
REIT .046 .053 .176 .246 .276 .323
GOLD .043 .043 .086 .043 .065 .065
FINANCE .036 .024 .073 .134 .231 .378
DOWJONES .033 .033 .1 .2 .366 .5
BIGBANKS 0 0 0 0 0 .285
EDU 0 0 0 0 0 .166
HOMEBLDG 0 0 .052 .21 .21 .421
INSURANC 0 .04 .12 .2 .24 .44
MARIJUAN 0 0 0 0 0 .25
MILITARY 0 .076 .153 .192 .346 .461
|
===================================================================================
Tuesday: June 14: 5:57
AM (PCT) Futures: DJI +50 NASDAQ +50 Data Used for 6/13/2022
| |
Today's sell-off saw a whopping 3166
decliners on the NYSE and 1932 new
lows on the NYSE and NASDAQ. The SP-500 slipped back
below its 20%-
down-from its peak. The news that this week's FOMC
just might consider raising
rates by 3/4% instead of 1/2% was blamed. But in the
DJI's dropping 800 points
to a new low, we saw non-confirmations of this new low by
our Accumulation
Index and the OBV and IPA Lines. In addition, the
P-Indicator was only
slightly negative even though the DJI closed 5.5% below its
21-dma. This set of non-
confirmations brought us a surprise Buy B9 despite the
widespread bearishness
almost everywhere.
My first reaction to the new Peerless Buy was dismissive
because breadth was
so bad. It would be better to wait to see what the
FOMC does this week. It
might, despite Powell, raise rates by 3/4%. But then
I thought I should check
just how bearish is it when the A/D Line decliners to A/D
Line advancers is
more than 6.3x over the last three days, as we have just
seen. Well, it turns
out such bad breadth IS more climactic than I expected to
find. This ratio
of decliners to advancers over the last three days produced
no less than 17
excellent Buys and brought on only 9 deeper declines.
It was more bulllish
than bearish, in other words, and most of the buys were
very good. For
example: 11/13/1929, 7/21/1933, 8/21/1939, 9/14/1953,
10/21/1957, 6/26/1965
and 8/24/2016. The worst cases were as WWII started,
5/14/1940 and 10/16/1987.
The Buy B9 has occurred only twice before in June.
But these did produce
gains. So, I am no longer dismissive of the Buy B9.
And when we look at
the various ETFs' candle-stick charts below, we do see that
the recent
declines were much deeper than warranted by these ETFs'
Closing Powers
or their Accumulation Index readings.
All of this leads me to expect a rally. Most likely,
the rally will occur because
Powell and his FOMC will do something unexpected to try to
bolster the
market. My guess is that they will hold back on
outright divesting themselves of
bonds and mortgages from their books AND they may even
announce that
they will buy in when necessary stock indexes to hold them
up even as
they raise interest rates.
If this is plausible, buy some SPY. It is the SPY
down twenty percent from
its highs that seems to get Powell to want to try to
save the market. Hold the
MINCPs shown. Cover others. |
|
| |
Charts - 6/13/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80613.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-13/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-13/BEARISH.htm |
|
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 |
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 |
 |
Table 1 QUICKSILVER on ETFS - 6/13/2022
Bullish = 4 - DBO, COPPER, WEAT
Bearish = 3 - FAS, TECL, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------------------------------=========--
DIA 305.58 -8.79 332.17 -366.5% ------- RED .1 0 ----
---------------------------------------------------------------------------------------------
COMPQX 10809.23 -530.79 12175.23 -526.8% ------- RED .059 -.121 -.062
---------------------------------------------------------------------------------------------
SPY 375 -14.8 415.74 -453.1% ------- RED -.019 -.051 -.07
---------------------------------------------------------------------------------------------
QQQ 275.41 -13.43 309.87 -525.6% ------- RED .019 -.121 -.102
---------------------------------------------------------------------------------------------
MDY 419.38 -19.67 469.13 -478.5% ------- RED .084 -.026 .058
---------------------------------------------------------------------------------------------
IWM 170.2 -8.39 190.9 -475.6% ------- RED .079 -.052 .027
---------------------------------------------------------------------------------------------
FAS 62.91 -6.64 88.74 -1474.1% Bearish RED .06 -.346 -.286 ---
---------------------------------------------------------------------------------------------
RETL 8.71 -1.28 11.55 -1196.3% Bearish RED .192 -.427 -.235
---------------------------------------------------------------------------------------------
SOXL 15.55 -3.26 24.6 -1877.5% Bullish RED .028 -.48 -.452 ---
---------------------------------------------------------------------------------------------
TECL 27.24 -4.14 39.94 -1531.3% ------- RED .154 -.438 -.284 ---
---------------------------------------------------------------------------------------------
IBB 105.97 -4.51 117.83 -402.6% Bearish RED .11 -.068 .042
---------------------------------------------------------------------------------------------
GLD 169.93 -4.61 172.94 -54.7% Bullish RED .133 .06 .193
---------------------------------------------------------------------------------------------
DBO 20.66 .01 20.61 111.2% Bullish BLUE .263 .312 .575 +++
---------------------------------------------------------------------------------------------
OIH 271.07 -19.88 312.59 -540.1% ------- RED .126 .078 .204
---------------------------------------------------------------------------------------------
CPER 25.41 -.63 26.97 -276.1% Bullish ---- .278 .004 .282 +++
---------------------------------------------------------------------------------------------
TAN 68.83 -4.61 77.56 -525.2% ------- RED .051 .031 .082
---------------------------------------------------------------------------------------------
UUP 28.1 .27 27.33 134.5% Bullish BLUE -.039 .187 .148
---------------------------------------------------------------------------------------------
CORN 28.65 -.14 28.52 121.2% ------- RED -.009 .174 .165
---------------------------------------------------------------------------------------------
WEAT 10.96 -.09 11.07 -112.8% Bullish RED .242 .23 .472 +++
---------------------------------------------------------------------------------------------
YINN 79.27 -11.89 94.96 -604.8% Bearish RED -.027 -.023 -.05
|
Table 2 Count of Stocks in Key Directories
20220613
-------------------------------
NEWHIGHS 23
NEWLOWS 1932
Advances 183 521
Declines 3,166 2,768
MAXCP 9
MINCP 116
TTTNH 8
TTTNL 118
CPCROSSA 76
CPCROSSD 122
ACCUMVER 21
HIGHIP21 15
HIUPPCT 6
VHIP21 41
LOWACCUM 244
REDSELL 106
AUGSELS7 6
TRAPDOOR 34
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/13/22
Bullish = 1
Bearish = 48
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
OILGAS .584 .773 .801 .839 .849 .811
------------------------------------------------------------------------------------------------
FOOD .428 .448 .53 .53 .53 .571
CHINA .36 .52 .5 .6 .6 .56
COAL .333 1 1 1 1 1
COMODITY .333 .358 .435 .461 .461 .487
HACKERS .25 .3 .3 .3 .4 .3
CHEM .239 .413 .673 .673 .739 .673
BEVERAGE .214 .357 .428 .571 .642 .571
COMPUTER .2 .3 .3 .35 .45 .35
INDEXES .2 .221 .2 .264 .335 .286
SOLAR .187 .562 .687 .687 .687 .625
LOWPRICE .179 .24 .259 .285 .264 .259
AUTO .15 .377 .49 .603 .603 .584
SOFTWARE .142 .196 .214 .25 .357 .285
RUS-1000 .139 .22 .273 .316 .346 .331
SEMI .126 .221 .336 .389 .515 .463
HOSPITAL .125 .187 .187 .187 .25 .25
INDMATER .125 .263 .416 .5 .611 .541
ELECTRON .12 .218 .33 .413 .533 .466
BIOTECH .114 .178 .239 .284 .281 .214
GAMING .105 .157 .21 .368 .263 .263
GREEN .105 .21 .21 .315 .368 .263
ETFS .09 .145 .163 .363 .454 .418
INFRA .09 .242 .454 .515 .636 .606
FIDSTKS .088 .171 .254 .39 .485 .431
NIFTY .086 .152 .217 .326 .369 .282
NASD-100 .082 .134 .216 .35 .371 .36
REGBANKS .08 .08 .08 .2 .44 .44
DJI-13 .076 .076 .23 .384 .538 .307
GUNS .076 .384 .384 .384 .538 .461
MILITARY .076 .153 .192 .346 .461 .307
SP500 .074 .138 .225 .352 .456 .398
BONDFUND .068 .103 .149 .275 .321 .287
SP-100 .066 .155 .2 .333 .422 .355
HIGHPRIC .058 .113 .187 .273 .324 .269
REIT .053 .169 .253 .276 .315 .253
UTILITY .052 .105 .131 .447 .736 .736
GOLD .043 .086 .043 .065 .065 .021
RETAIL .042 .127 .212 .255 .297 .319
INSURANC .04 .12 .2 .24 .44 .32
DOWJONES .033 .1 .2 .366 .5 .366
FINANCE .024 .073 .134 .219 .365 .317
BIGBANKS 0 0 0 0 .285 .142
COPPER 0 .125 .25 .25 .375 .375
EDU 0 0 0 0 .166 .166
HOMEBLDG 0 .052 .21 .21 .421 .368
JETS 0 .076 .153 .23 .384 .307
MARIJUAN 0 0 0 0 .25 .25
TRANSP 0 .105 .157 .21 .421 .421
|
------------------------------------------------------------------------------------------------------------------------
Monday: June
13: 4:20 AM (PCT) Futures:
DJI -512 NASDAQ -315 Data Used for 6/10/2022
| |
Because the FED would seem to have no recourse
now but to increase their fight
with inflation, we may be in for an old-fashioned Panic. In
that case, it will be the
Wall Street panic that will cause the Recession, not the other
way around. Abide
by the downward mmentum. Let the market tell its story.
See how sharply
the Closing Power trends are now falling. If Professionals
are sellers, why
should we be buyers or even to cover our shorts?
The operative S9-S6 have not been reversed. I remember
vividly how
the Monday of the 1987 Crash fell 20% in just one day, following
a big Friday
sell-off. That is part of the reason why Peerless cannot
give a Buy signal
even though the DJI is nearly at the lower band with the P-I and
Accum.Index
still positive: Friday's decline was just too steeply down
to permit a Buy
on Monday.
The accelerating inflation numbers have shown how far behind the
curve the
FED is. Interest rates must go up much higher and at a much
faster clip to catch
up. A 3/4% rise this week is said to be a possibility for
the FOMC. The
difficulty of avoiding a much bigger decline in the market and a
recession
will get the spotlight this week when Powell and Company convene.
I fear that
there is little that they can do now, except to raise rates
faster than they previously
told the market to expect.
Worse, overhanging them is their promise to reduce the FED's
balance sheet now.
No one knows how dangerous this procedure will be. They've
used
quantitative "easing" and it works wonders for the
market. Now they're
supposed to be starting quantitative "tightening".
Will the stock market's
baloon that they've inflated for many years now shrivel up very
quickly? I
suspect that it might. That means that unless they
back away from "quantitative
tightening", the balloon-analogy may apply and stocks will
plunge when the
DJI fails to find support at its last lows...
The FED has no apparent way to prop up the market now. Even
if Vladimir
Putin were replaced tomorrow, it will not mean a much more
pro-Western
regime in the Kremlin. Oil prices will probably not drop
until there is a world-
wide recession.
As a consequence, we could soon be seeing an old-fashioned stock
market panic.
From a pumped up DJI-30 and over-speculated tech sector, a
sell-off begins.
Old lows fail to hold. The decline accelerates on rising
volume. The
margin calls start. Sudden bankruptcies will be
next. At some point, look
for charges of fraud to be filed against brokerages, banks and
corporations. Add
to this recipe the spice of easily used leveraged, negative
derivatives and ETFs.
A full-scale panic would follow ... unless Powell changes
his mind about selling
off billions and billions of the FED's bonds and mortgages.
Watch for
this. He might choose this option as his way out.
If not, the resulting Panic is likely to be of the 19th-century
variety, one in which
government and bankers are be slow to find a way to end it.
See the pattern
in the panics of 1819, 1837, 1857, 1873, 1884, 1893, 1907
before the
Fed was borne.
( See https://www.thoughtco.com/financial-panics-of-the-19th-century-1774020
)
Presently, the Fed plans to reduce its $8.5 trillion balance
sheet beginning June 1,
when it will no longer reinvest proceeds of up to $30 billion in
maturing Treasury
securities and up to $17.5 billion in maturing agency
mortgage-backed securities
per month. Beginning September 1, those caps will rise to $60
billion and $35
billion, respectively, for a maximum potential monthly balance
sheet roll-off of
$95 billion. No one, including the FED, knows how dangerous
this will be
in a fast-falling stock market. We are about to find out.
Clearly, this is no time to own stocks. Instead, I hope you
are holding
a number of the bearsh MINCPs short. The only longs should
be oil stocks.
But they, too, will eventually decline. So draw basic price
uptrendlines
with these and abide by them. |
|
| |
|
|
Friday: June 10: 5:45 AM
(PCT) Futures: DJI
-29 NASDAQ +32
Data Used for 6/9/2022
| |
The operative Peerless signal remains a combined
Sell S9-S6. A retest
of the lows seems likely, especially since Inflation is not
subsiding and
the FED will be under more pressure to do something about it.
Prices
rose 1% over a month ago and 8.6% over a year ago. The rate
of
Inflation's growth is increasing, not decreasing as the
bulls want.
News of the CPI report either leaked out yesterday or was widely
guessed
by Professional traders on Thursday as the DJI lost 600 points
and
the other averages about as much, on a percentage basis.
It will be hard for the bulls to put a positive spin on the new
CPI report.
Let's watch breadth now. The P-Indicator remains positive
as does
our Accumulation Index. The DJI is near its 21-day ma.
A 2.5%
DJI decline straight aways from here would very likely bring a
Buy
B9 from Peerless. A slower-paced decline back to the DJI's
lows
of the year may avert that if breadth is very poor.
Now that the CPI report is out of the way, folks will be very
interested in what the FOMC says and what they will be actually
doing to sell off their 8+ trillion dollars worth of bonds and
mortgages.
Since Biden appointed Powell, the President cannot very easily
criticize him. Since Treasury Secretary Yellen admits to
being behind
the inflation curve in her advising the President, the
Administration
will likely be lost and confused in its response to the news.
It will
blame the Russians, of course.
It was clearly a mistake on my part to suggest buying even a
little YINN
and the Chinese market. They are integrated into the world
market
and the world, as whole, is now stuck in the "Stop -
Go" 1970s
world of Inflation.
Anyone living on a modest fix income is the targetted victim for
the
Fed's baby steps at dealing with inflation. Someone holding
the major
ETFs, DIA and SPY, is clearly being helped by the FED's
prioritization
of a soft landing. For many years, the FED has fought
inflation much
more earnestly, in part to help bond salesmen. Powell and
Company
are different. But history shows no cases of the
FED being able to
control 8.6% inflation without also causing a 20% or more decline
in the DJI.
The CPI report:
CONSUMER PRICE INDEX - MAY 2022
"The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.0 percent
in May on aseasonally adjusted basis after rising 0.3 percent in April, the U.S. Bureau of
Labor Statistics reported today. Over the last 12 months, the all items index increased
8.6 percent before seasonal adjustment.
"The increase was broad-based, with the indexes for shelter, gasoline, and food
being the largest contributors. After declining in April, the energy index rose
3.9 percent over the month with the gasoline index rising 4.1 percent and the other major
component indexes also increasing. The food index rose 1.2 percent in May as the food at
home index increased 1.4 percent. " |
|
| |
Charts - 6/9/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80609.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-9/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-9/BEARISH.htm
Bearish High Volume (>25,000 lots) and Over
$10
http://www.tigersoftware.com/bvol/6-9/BEARISH.htm |
|
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 |
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 |
 |
TABLE 1 QUICKSILVER on ETFS - 6/9/2022
Bullish = 3 - DBO (OIL), OIH, WEAT
Bearish = 1 - SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 323 -6.38 329.35 -147.8% ------- RED .117 0 .117
---------------------------------------------------------------------------------------------
COMPQX 11754.23 -332.04 12012.73 -231.9% Bullish RED .118 -.111 .006
---------------------------------------------------------------------------------------------
SPY 401.44 -9.78 410.54 -192.9% Bullish RED .057 -.045 .012
---------------------------------------------------------------------------------------------
QQQ 299.4 -8.24 306.2 -242.3% Bullish RED .047 -.108 -.061
---------------------------------------------------------------------------------------------
MDY 450.95 -9.47 460.39 -159.8% ------- RED .136 -.023 .113
---------------------------------------------------------------------------------------------
IWM 183.57 -4.38 187.06 -137.7% Bullish RED .082 -.048 .034
---------------------------------------------------------------------------------------------
FAS 78 -6.15 86 -683.9% ------- RED .129 -.308 -.179
---------------------------------------------------------------------------------------------
RETL 11.16 -.36 11.17 -244.2% ------- RED .206 -.452 -.246
---------------------------------------------------------------------------------------------
SOXL 21.09 -1.82 23.93 -1051% Bullish RED .094 -.452 -.358
---------------------------------------------------------------------------------------------
TECL 35.46 -3.09 38.52 -765.2% Bullish RED .183 -.384 -.201
---------------------------------------------------------------------------------------------
IBB 113.98 -4.15 116.5 -101.9% Bullish RED .164 -.056 .108
---------------------------------------------------------------------------------------------
GLD 172.23 -.55 172.58 -61.3% ------- RED .045 .046 .091
---------------------------------------------------------------------------------------------
DBO 20.89 -.19 20.37 234.9% Bullish ---- .251 .29 .541
---------------------------------------------------------------------------------------------
OIH 300.08 -10.79 302.76 61.4% Bullish RED .171 .139 .31
---------------------------------------------------------------------------------------------
CPER 26.39 -.44 27.06 -227.2% Bullish RED .24 -.003 .237
---------------------------------------------------------------------------------------------
TAN 74.63 -1.88 73.65 37% Bullish RED .064 .053 .117
---------------------------------------------------------------------------------------------
UUP 27.61 .2 27.3 78.7% Bullish BLUE -.044 .134 .09
---------------------------------------------------------------------------------------------
CORN 28.51 .01 27.56 167.7% ------- BLUE .064 .18 .244
---------------------------------------------------------------------------------------------
WEAT 10.99 -.08 10.68 114.1% Bullish BLUE .308 .196 .504
---------------------------------------------------------------------------------------------
YINN 91.4 -11.27 83.94 161.7% Bullish RED -.023 -.041 -.064
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220609
-------------------------------
NEWHIGHS 36
NEWLOWS 286
Advances 553 VS 839 (YESTERDAY)
Declines 2,760 VS 2,373
MAXCP 10
MINCP 85
TTTNH 9
TTTNL 99
CPCROSSA 15
CPCROSSD 253
ACCUMVER 18
HIGHIP21 12
HIUPPCT 6
VHIP21 42
LOWACCUM 245
REDSELL 116
AUGSELS7 3
TRAPDOOR 29
|
TABLE 3
BULLISH = 5
BEARISH = 43
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/9/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 1 1 1 1
OILGAS .801 .839 .849 .82 .811 .83
SOLAR .687 .687 .687 .625 .625 .562
CHEM .673 .695 .739 .673 .695 .76
FOOD .53 .53 .53 .571 .448 .489
========================================================================
CHINA .5 .6 .6 .56 .42 .44
========================================================================
AUTO .49 .603 .603 .584 .49 .641
INFRA .454 .515 .636 .636 .575 .606
COMODITY .435 .461 .461 .487 .41 .487
BEVERAGE .428 .571 .642 .571 .642 .642
INDMATER .416 .5 .611 .541 .541 .638
GUNS .384 .384 .538 .461 .461 .538
SEMI .336 .389 .515 .463 .442 .568
ELECTRON .33 .413 .533 .466 .451 .548
COMPUTER .3 .35 .45 .35 .4 .4
HACKERS .3 .3 .4 .3 .3 .35
RUS-1000 .273 .316 .346 .329 .318 .362
LOWPRICE .259 .283 .264 .261 .259 .264
FIDSTKS .254 .39 .485 .437 .39 .491
COPPER .25 .25 .375 .375 .375 .625
REIT .246 .276 .323 .261 .246 .3
BIOTECH .239 .284 .281 .217 .217 .206
SOFTWARE .232 .267 .357 .285 .285 .339
DJI-13 .23 .384 .538 .307 .307 .615
SP500 .225 .352 .454 .402 .368 .444
NIFTY .217 .304 .347 .282 .304 .391
NASD-100 .216 .34 .36 .36 .36 .412
RETAIL .212 .255 .297 .319 .234 .234
GAMING .21 .315 .263 .315 .263 .315
GREEN .21 .315 .368 .263 .421 .315
HOMEBLDG .21 .21 .421 .368 .368 .368
DOWJONES .2 .366 .5 .366 .366 .533
INDEXES .2 .264 .335 .297 .281 .335
INSURANC .2 .24 .44 .32 .2 .36
SP-100 .2 .333 .422 .355 .344 .422
MILITARY .192 .346 .461 .307 .269 .307
HIGHPRIC .187 .273 .324 .269 .238 .304
HOSPITAL .187 .187 .25 .25 .25 .25
ETFS .163 .363 .454 .454 .381 .563
TRANSP .157 .21 .421 .473 .368 .473
JETS .153 .23 .384 .384 .23 .307
BONDFUND .149 .275 .321 .275 .344 .471
FINANCE .134 .219 .353 .304 .304 .39
UTILITY .131 .447 .736 .736 .605 .71
REGBANKS .08 .2 .44 .4 .28 .56
GOLD .043 .065 .065 .043 .065 .108
BIGBANKS 0 0 .285 .142 .142 .285
EDU 0 0 .166 .166 .333 .333
MARIJUAN 0 0 .25 .25 .25 .25
|
| |
Thursday: June 9: 5:55 AM (PCT) Futures: DJI -17 NASDAQ -24 Data Used for 6/8/2022
| |
The tight trading range continues but oil stocks breakout
does not bode well
for those who think the CPI has peaked.
The Sell S9, though months old, reminds us how bearish it usually is when
Inflation
rises to current levels and the FED is expected to raise rates and begin a
contraction
of money supply. Today's pullback within the narrow trading range
actually had
more significance than the fact that DJI and SPY are moving back and forth
waiting
for tomorrow's CPI Report. First, Oil rose sharply. Second, Bonds
fell back more
from their falling 65-dma. Thirdly, Chinese index ETFS, like YINN,
broke
their long downtrends and falling 65-dma. YINN should rally more.
Fourthly,
Table 3 tells us that many more DJI, SP-500, Utility and Bank stocks dropped
back below their 65-dma. And finally, even Professionals - and they are
the best informed about FED intentions - are getting nervous about SOXL, the
most volatile of the ETFs, now that the yield on ten year bonds is back above
3%.
We should still be short some of the bearish MINCPs and own Oil and oil
stocks.
But now we have buy a little YINN, too even though its IP21 is still
negative..
All eyes will be on the CPI numbers which come out Friday morning before
the opening. |
|
| |
Charts - 6/8/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80608.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-8/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-8/BEARISH.htm
|
|
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Table 1 QUICKSILVER on ETFS - 5/8/2022
Bullish = 1 - DBO (OIL), OIH, CPER, WEAT
Bearish = 2 - SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 329.38 -2.79 332.77 15.4% Bullish RED .108 0 .108
---------------------------------------------------------------------------------------------
COMPQX 12086.27 -88.96 12316.9 37.9% Bullish RED .141 -.1 .041
---------------------------------------------------------------------------------------------
SPY 411.22 -4.52 417.39 19.7% Bullish RED .081 -.04 .041
---------------------------------------------------------------------------------------------
QQQ 307.64 -2.23 314.38 26.6% Bullish RED .072 -.099 -.027
---------------------------------------------------------------------------------------------
MDY 460.42 -8.71 465.77 54.1% Bullish RED .164 -.012 .152
---------------------------------------------------------------------------------------------
IWM 187.95 -2.95 188.76 98.3% Bullish RED .104 -.031 .073
---------------------------------------------------------------------------------------------
FAS 84.15 -4.59 89.92 -96.6% Bullish RED .144 -.276 -.132
---------------------------------------------------------------------------------------------
RETL 11.52 -.03 11.72 331.4% ------- BLUE .212 -.408 -.196
---------------------------------------------------------------------------------------------
SOXL 22.91 -1.69 26.2 -163.5% Bullish RED .128 -.406 -.278 ---
---------------------------------------------------------------------------------------------
TECL 38.55 -1.39 41.49 -22.8% Bullish RED .207 -.329 -.122
---------------------------------------------------------------------------------------------
IBB 118.13 .3 116.36 115.7% Bullish BLUE .187 -.027 .16
---------------------------------------------------------------------------------------------
GLD 172.78 -.16 174.35 15.9% ------- RED -.029 .022 -.007
---------------------------------------------------------------------------------------------
DBO 21.08 .47 19.93 385% Bullish BLUE .16 .313 .473
---------------------------------------------------------------------------------------------
OIH 310.87 -1.72 296.33 190.8% Bullish RED .209 .163 .372
---------------------------------------------------------------------------------------------
CPER 26.83 -.14 27.62 111.3% Bullish BLUE .259 -.009 .25
---------------------------------------------------------------------------------------------
TAN 76.51 -1.05 74.07 422.4% Bullish RED .087 .065 .152
---------------------------------------------------------------------------------------------
UUP 27.41 .08 27.18 -1.8% ------- ---- -.061 .092 .031
---------------------------------------------------------------------------------------------
CORN 28.5 -.02 27.57 185.1% ------- RED .093 .125 .218
---------------------------------------------------------------------------------------------
WEAT 11.07 0 10.74 267.6% Bullish ---- .293 .136 .429
---------------------------------------------------------------------------------------------
YINN 102.67 7.71 88.42 1227.5% Bullish BLUE .004 .107 .111
|
Table 2 Count of Stocks in Key Directories
20220608
-------------------------------
NEWHIGHS 141
NEWLOWS 165
Advances 839 vs 2,270
Declines 2,373 vs 1,029
MAXCP 19
MINCP 21
TTTNH 13
TTTNL 39
CPCROSSA 23
CPCROSSD 150
HIGHIP21 18
HIUPPCT 277
VHIP21 46
LOWACCUM 234
REDSELL 120
AUGSELS7 5
TRAPDOOR 8
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/8/22
Bullish = 9
Bearish = 40
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 1 1 1 .833
OILGAS .838 .847 .819 .809 .838 .809
CHEM .695 .739 .695 .673 .804 .608
SOLAR .687 .687 .625 .625 .625 .312
AUTO .603 .603 .584 .49 .641 .471
CHINA .6 .6 .56 .42 .44 .34
BEVERAGE .571 .642 .571 .642 .642 .642
FOOD .53 .53 .571 .448 .489 .428
INFRA .515 .636 .636 .575 .606 .515
------
===============================================================================================
INDMATER .5 .611 .541 .541 .652 .527
===============================================================================================
COMODITY .461 .461 .487 .41 .487 .384
UTILITY .447 .736 .736 .605 .71 .657
-----
ELECTRON .413 .533 .466 .451 .556 .383
FIDSTKS .39 .485 .437 .39 .491 .42
SEMI .389 .515 .463 .442 .578 .4
-----
DJI-13 .384 .538 .307 .307 .615 .384
GUNS .384 .538 .461 .461 .538 .461
DOWJONES .366 .5 .366 .366 .533 .4
-----
ETFS .363 .454 .454 .381 .581 .29
SP500 .352 .454 .402 .366 .446 .348
-----
COMPUTER .35 .45 .35 .4 .4 .35
MILITARY .346 .461 .307 .269 .307 .192
NASD-100 .34 .36 .35 .36 .412 .329
SP-100 .333 .422 .355 .344 .422 .377
RUS-1000 .316 .346 .329 .318 .351 .291
GAMING .315 .263 .263 .315 .315 .157
GREEN .315 .368 .263 .421 .368 .263
NIFTY .304 .347 .26 .304 .413 .239
HACKERS .3 .4 .3 .3 .35 .3
LOWPRICE .285 .261 .261 .259 .261 .232
BIOTECH .284 .281 .217 .217 .2 .181
REIT .276 .315 .269 .246 .292 .269
BONDFUND .275 .321 .275 .344 .471 .39
HIGHPRIC .273 .324 .269 .238 .3 .175
SOFTWARE .267 .375 .285 .285 .339 .232
INDEXES .264 .335 .297 .281 .335 .254
RETAIL .255 .297 .319 .234 .234 .148
COPPER .25 .375 .375 .375 .625 .375
INSURANC .24 .44 .32 .2 .36 .24
JETS .23 .384 .384 .23 .307 .23
FINANCE .219 .353 .304 .292 .378 .329
-----
HOMEBLDG .21 .421 .368 .368 .368 .315
------
TRANSP .21 .421 .473 .368 .473 .421
-----
REGBANKS .2 .44 .4 .28 .48 .28
-----
HOSPITAL .187 .25 .25 .25 .25 .187
GOLD .065 .065 .043 .065 .086 .086
BIGBANKS 0 .285 .142 .142 .285 .142
EDU 0 .166 .166 .333 .333 .166
MARIJUAN 0 .25 .25 .25 .25 .25
|
====================================================================================
Wednesday: June
8: 6:08 AM (PCT) Futures:
DJI -129 NASDAQ -27 Data Used for 6/7/2022
| |
The operative Sell S9 tells us that the decline
is probably not over. But NYSE
breadth, especially new highs there, has improved steadily.
Oil stocks remain the clear
leaders by a wide margin. They dominate the Bullish MAXCPs
significantly. Still
higher prices are expected in Oil. This will bring about
more Inflation though the
turnaround and advance today just before this Friday's CP number
hints that
Professionals see the bright side of Inflation, namely that
investors want to hedge
against it by owning beaten-down growth stocks (so long as their
earnings are
still rising.)
Notice how the Closing Powers rose today even as the Opening
Powers fell.
Often this bullish divergence calls market bottoms. The
continued weakness
and very negative ITRS readings in, TECL, SOXL and the NASDAQ
remain
a problem for the bulls. It shows that the market is
heavily dependent on buying
of the major ETFS (DIA, SPY and QQQ) and the biggest stocks -
AAPL
and MSFT in particular. If they should stall out, there
will be big trouble.
But right now, they are not selling off as one might expect given
this Friday's CPI
numbers. Apparently, Professionals expect the CPI's monthly
rise to fall and they
also expect the FED to delay selling off much of its huge
inventory of bonds and
mortgages. The bulls are clearly betting on a "smooth
landing". As I keep saying,
there is no precedent for a safe landing if the FED
seriously fights Inflation. But
are they willing to do that now and hurt the market? Powell
keeps us guessing
with his words. His actions at the next FOMC meeting,
in a week, will tell the real
story.
Technically, the sellers at the recent DIA, SPY and QQQ
highs have been
just as stubborn as the buyers are at the recent lows. This
tug of war should
continue until there is news that breaks the stalemate of the
recent tight trading
range. While we wait for a resolution of this stand-off,
stay long Oil stocks
and short some of falling Bearish MINCPs. The way Bonds are
selling off again
from their declining 65-dma should keep us cautious despite
today's rally after
an early decline.. |
|
| |
Charts - 6/7/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80607.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-7/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-7/BEARISH.htm
|
|
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|
|
|
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/6/2022
Bullish = 1 - OIH
Bearish = 2 - SOXL, TECL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 332.17 2.72 328.36 29.8% Bullish BLUE .071 0 .......
---------------------------------------------------------------------------------------------
SPY 415.74 3.95 409.59 34.1% Bullish BLUE .045 -.035
---------------------------------------------------------------------------------------------
QQQ 309.87 2.65 306 25.8% Bullish BLUE .028 -.091
---------------------------------------------------------------------------------------------
MDY 469.13 6.06 455.41 107.4% Bullish BLUE .126 -.004
---------------------------------------------------------------------------------------------
IWM 190.9 3.03 184.26 149.7% Bullish BLUE .05 -.027
---------------------------------------------------------------------------------------------
FAS 88.74 1.81 85.84 -82% Bullish BLUE .107 -.256
---------------------------------------------------------------------------------------------
RETL 11.55 .18 10.77 84.2% ------- BLUE .206 -.4
---------------------------------------------------------------------------------------------
SOXL 24.6 .69 23.71 -53% Bullish BLUE .097 -.367 Bearish
---------------------------------------------------------------------------------------------
TECL 39.94 1.44 38.73 103.1% Bullish BLUE .162 -.294 Bearish
---------------------------------------------------------------------------------------------
IBB 117.83 2.59 115.44 50% Bullish BLUE .118 -.034
---------------------------------------------------------------------------------------------
GLD 172.94 1.12 172.23 52.2% ------- BLUE-.066 -.005
---------------------------------------------------------------------------------------------
OIL 20.61 .41 19.53 291.5% Bullish BLUE .044 .198
---------------------------------------------------------------------------------------------
OIH 312.59 8.72 299.31 319.7% Bullish BLUE .152 .112 Bullish
=================================================================================================
|
Table 2 Count of Stocks in Key Directories
20220607
-------------------------------
NEWHIGHS 98 + 55 = 153
NEWLOWS 68 + 180 = 248 (NYSE + NASD)
Advances 2,270 vs 798 yesterday
Declines 1,029 vs 1,455 yesterday
MAXCP 58
MINCP 8
TTTNH 32
TTTNL 12
CPCROSSA 106
CPCROSSD 16
ACCUMVER 7
HIGHIP21 13
HIUPPCT 271
VHIP21 48
LOWACCUM 248
REDSELL 119
AUGSELS7 10
TRAPDOOR 7
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/7/22
Bullish = 15
Bearish = 33
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 1 1 .833 .5
OILGAS .847 .819 .809 .838 .809 .809
CHEM .739 .695 .695 .782 .63 .652
UTILITY .736 .736 .605 .71 .657 .684
SOLAR .687 .625 .625 .625 .312 .375
BEVERAGE .642 .571 .642 .642 .642 .571
INFRA .636 .636 .575 .606 .515 .484
INDMATER .611 .541 .541 .652 .527 .555
AUTO .603 .584 .49 .641 .471 .471
CHINA .6 .56 .42 .44 .34 .36
DJI-13 .538 .307 .307 .615 .384 .615
GUNS .538 .461 .461 .538 .461 .461
ELECTRON .533 .466 .451 .556 .383 .436
FOOD .53 .571 .448 .489 .428 .51
SEMI .515 .463 .442 .578 .4 .452
===============================================================================================
DOWJONES .5 .366 .366 .533 .4 .533
===============================================================================================
FIDSTKS .485 .437 .39 .491 .414 .485
COMODITY .461 .487 .41 .487 .384 .435
MILITARY .461 .307 .269 .307 .192 .23
ETFS .454 .454 .381 .581 .309 .436
SP500 .454 .402 .366 .444 .354 .412
COMPUTER .45 .35 .4 .4 .4 .4
INSURANC .44 .32 .2 .36 .24 .36
REGBANKS .44 .4 .28 .48 .28 .44
SP-100 .422 .355 .344 .422 .377 .477
HOMEBLDG .421 .368 .368 .368 .315 .421
TRANSP .421 .473 .368 .473 .421 .473
HACKERS .4 .3 .3 .35 .3 .3
JETS .384 .384 .23 .307 .23 .384
COPPER .375 .375 .375 .625 .375 .25
SOFTWARE .375 .303 .285 .339 .232 .232
GREEN .368 .263 .421 .368 .263 .263
NASD-100 .36 .35 .35 .412 .34 .371
FINANCE .353 .304 .292 .365 .329 .402
NIFTY .347 .26 .282 .413 .239 .26
RUS-1000 .346 .329 .318 .351 .291 .313
INDEXES .335 .297 .281 .335 .254 .291
HIGHPRIC .324 .269 .238 .3 .179 .21
BONDFUND .321 .275 .344 .471 .402 .31
REIT .315 .261 .253 .292 .269 .269
RETAIL .297 .319 .234 .234 .148 .255
BIGBANKS .285 .142 .142 .285 .142 .714
BIOTECH .281 .217 .217 .2 .181 .192
LOWPRICE .264 .259 .259 .261 .232 .232
GAMING .263 .263 .263 .368 .157 .263
HOSPITAL .25 .25 .25 .25 .25 .187
MARIJUAN .25 .25 .25 .25 .25 .25
EDU .166 .166 .333 .333 .166 .333
GOLD .065 .043 .065 .086 .086 .065
|
===================================================================================
Tuesday: June
7: 5:55 AM (PCT) Futures:
DJI -234 NASDAQ -151 Data Used for 6/6/2022
| |
Our Sell S9-S6 is still in place. Today's
action in which the DJI has been
stopped shy of its falling 65-dma is not a good sign for the
bulls. In addition,
the complete loss of an early 300-point DJI gain shows that
Professionals
have turned their attention away from talk of a "smooth
landing" and way from
hopes that the economy is immune to rate hikes. Now
Professionals and others
are fretting about Friday's release of new CPI-Inflation data.
Oil prices keep rising. $10/gallon? Oil prices are
the single most important
cause of inflation because of how far their price rises ripple
through throughout the
entire economy. The result was that the steep uptrends of
Closing Power
in DIA, SPY, the NASDAQ and QQQ were broken and our Index of
Bonds
turned down from its falling 65-dma.
A big recovery from a weak opening this morning is still a
possibility, but the
sell-off in bonds is definitely a bearish development. If
we do get another
key index turn-around back up, we will look to sell short DIA or
SPY on its next
reversal back down. For now I would simply add more short
sales from our
Bearish MINCPs and hold only oil stocks and ETFs long.
Usually the most
bullish are those at the top of the Bullish MAXCP charts. |
|
| |
Charts - 6/6/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80606.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-6/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-6/BEARISH.htm
|
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| |
Table 1 QUICKSILVER on ETFS - 5/6/2022
Bullish = 2 - OIH. WEAT
Bearish = 1 - SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 329.45 .1 330.2 -39.6% Bullish RED .092 =================
---------------------------------------------------------------------------------------------
COMPQX 12061.37 48.64 12081.39 -28.8% ------- RED .05 -.099 -.049
---------------------------------------------------------------------------------------------
SPY 411.79 1.25 412.93 -42% ------- RED .035 -.035 0
---------------------------------------------------------------------------------------------
QQQ 307.22 1.02 308.28 -30.4% ------- RED -.009 -.095 -.104
---------------------------------------------------------------------------------------------
MDY 463.07 2.68 459.23 -8.5% ------- RED .094 -.006 .088
---------------------------------------------------------------------------------------------
IWM 187.87 .81 185.31 6.2% ------- RED .011 -.037 -.026
---------------------------------------------------------------------------------------------
FAS 86.93 .93 90.18 -245.4% ------- RED .121 -.241 -.12
---------------------------------------------------------------------------------------------
RETL 11.37 .2 11.36 -319.5% ------- RED .19 -.429 -.239
---------------------------------------------------------------------------------------------
SOXL 23.91 -.02 24.86 -272.3% Bullish RED .066 -.381 -.315 ---
---------------------------------------------------------------------------------------------
TECL 38.5 -.02 39.13 -182% Bullish RED .138 -.315 -.177
---------------------------------------------------------------------------------------------
IBB 115.24 -1.26 116.67 -182.2% ------- RED .045 -.063 -.018
---------------------------------------------------------------------------------------------
GLD 171.82 -.76 171.14 -29.8% ------- RED -.1 -.011 -.111
---------------------------------------------------------------------------------------------
OIL 20.2 -.17 19.45 184.8% ------- RED .061 .186 .247
---------------------------------------------------------------------------------------------
OIH 303.87 1.11 293.46 50.9% Bullish RED .128 .123 .251 +++
---------------------------------------------------------------------------------------------
CPER 26.88 -.18 25.97 131.5% Bullish RED .243 -.014 .229
---------------------------------------------------------------------------------------------
UUP 27.36 .06 27.21 36.7% ------- BLUE -.038 .087 .049
---------------------------------------------------------------------------------------------
CORN 27.96 .4 28.22 -166.4% Bearish BLUE .019 .098 .117
---------------------------------------------------------------------------------------------
WEAT 11.21 .53 10.97 -169.8% ------- BLUE .229 .126 .355 +++
---------------------------------------------------------------------------------------------
YINN 90.66 6.72 83.76 812% ------- RED -.105 -.032 -.137
---------------------------------------------------------------------------------------------
|
Tabke 2 Count of Stocks in Key Directories
20220606
-------------------------------
NEWHIGHS 83 + 66 = 149
NEWLOWS 54 + 201 = 255
Advances 1,798 vs 908
Declines 1,455 vs 2,351
MAXCP 17
MINCP 42
TTTNH 12
TTTNL 77
CPCROSSA 19
CPCROSSD 197
ACCUMVER 1
HIGHIP21 12
HIUPPCT 265
VHIP21 49
LOWACCUM 252
REDSELL 113
AUGSELS7 18
TRAPDOOR 12
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/6/22
Bullish = 11
Bearish = 38
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 1 .833 .5 .833
OILGAS .819 .809 .838 .809 .809 .809
UTILITY .736 .605 .71 .657 .71 .71
CHEM .695 .695 .804 .608 .673 .673
INFRA .636 .575 .606 .515 .484 .575
SOLAR .625 .625 .625 .312 .375 .437
AUTO .584 .49 .641 .471 .471 .471
BEVERAGE .571 .642 .642 .642 .571 .642
FOOD .571 .448 .489 .428 .51 .612
CHINA .56 .42 .44 .34 .36 .28
INDMATER .541 .541 .652 .527 .555 .611
=================================================================================================
COMODITY .487 .41 .487 .384 .435 .538
TRANSP .473 .368 .473 .421 .473 .526
ELECTRON .466 .451 .556 .383 .428 .428
SEMI .463 .442 .578 .4 .452 .421
GUNS .461 .461 .538 .461 .461 .461
ETFS .454 .381 .581 .309 .418 .327
FIDSTKS .437 .39 .491 .414 .485 .538
SP500 .402 .366 .444 .352 .414 .456
REGBANKS .4 .28 .48 .28 .44 .48
JETS .384 .23 .307 .23 .384 .384
COPPER .375 .375 .625 .375 .25 .25
HOMEBLDG .368 .368 .368 .315 .368 .473
DOWJONES .366 .366 .533 .4 .533 .6
SP-100 .355 .344 .422 .377 .477 .522
COMPUTER .35 .4 .4 .4 .4 .4
NASD-100 .35 .35 .402 .34 .371 .422
RUS-1000 .329 .318 .351 .291 .313 .331
INSURANC .32 .2 .36 .24 .36 .4
RETAIL .319 .234 .234 .148 .255 .297
DJI-13 .307 .307 .615 .384 .615 .769
MILITARY .307 .269 .307 .192 .23 .269
FINANCE .304 .292 .365 .317 .39 .39
SOFTWARE .303 .303 .339 .232 .232 .25
HACKERS .3 .3 .35 .3 .3 .35
INDEXES .297 .281 .335 .254 .291 .275
BONDFUND .275 .344 .471 .402 .275 .367
HIGHPRIC .269 .238 .3 .179 .21 .253
GAMING .263 .263 .315 .21 .263 .263
GREEN .263 .421 .368 .263 .263 .263
LOWPRICE .261 .256 .261 .232 .232 .219
REIT .261 .246 .3 .269 .269 .284
NIFTY .26 .282 .391 .239 .26 .326
HOSPITAL .25 .25 .25 .25 .187 .187
MARIJUAN .25 .25 .25 .25 .25 .25
BIOTECH .217 .217 .2 .181 .192 .225
EDU .166 .333 .333 .166 .333 .333
BIGBANKS .142 .142 .285 .142 .714 .714
GOLD .043 .065 .086 .086 .065 .065
|
====================================================================================
Monday: June 6: 4:50 AM
(PCT) Futures: DJI +265 NASDAQ
+170 Data Used for 6/3/2022
| |
The Closing Powers are still rising. The DJI has
set its sight on its still falling
65-dma. Very good breadth could still bring a Buy signal,
but now the P-I
is negative. Except for Oil stocks, avoid buying.
Our Fed Chairman has reminded FOMC members that they are not to
give public
interviews at this time. Powell does not want them
garnering support for a faster
tightening in view of inflation numbers that will come out Friday
morning. He wants
to achieve an unprecedented "smooth landing" despite
8%+ inflation and a
FED indebtedness of $9 trillion. He's the boss. No
one other than Elizabeth
Warren of Massachusetts dares challenge him. The President
re-appointed him.
Powell does not want to admit his role in the current
hyper-inflation or acknowledge
his repeated underestimations of inflation last year. It is
his political power that
gives Professionals the confidence to still be buyers of DIA, SPY
and QQQ
now. Note all the Closing Power uptrends below. The
Jobs number on Friday
can be interpreted to mean the odds of his "smooth
landing" rose a bit more.
The economy remains strong despite FED tightening. Now if
only, Inflation
subsides, Powell will succeed and short-term rates will not go
over 2% and the
ten-year bond yield will stay safely under 3%. That's his
goal here.
Oil is King
Unfortunately for the optimists, oil prices are still rising
quickly. $10/gal gas is
a real possibility the way oil stocks have seized the market's
leadership. That would
be a huge shocker. With $10/gal. gas prices, I see no
way a recession and much
lower profits for most stocks could be avoided, not to mention
the political
turmoil that would result..
Technically, the falling 65-dma still stands as a powerful
technical barrier to
rising stock and Index prices. Even more dangerous, is the
FED's starting to
selling off its bloated inventory of debt instruments. I do
not see how this cannot
cause much higher interest rates and badly scare the bond market
and all the
big banks. (Of course, the FED could try to sell off
$85 bullion in these assets
by the end of July and succeed without trouble. But how
long can it sell this much
without warping the market. What would happen if they tried
to sell this much a
few months from now and there are almost no buyers.
That's the real risk.
What to do in this environment? Buy the highest Power
Ranked oil stocks
is my advise. Only if the big advance this morning that is
shaping up completely
collapses would I short the big ETFs. And even then, it
would be better to
short when we see evidence that the 65-day moving averages have
been reached
and the indexes then turndown.
Tops in the DJI take a long time to be completed. If
Inflation generally does
subside and Powell gets his "smooth landing" for a
while longer, the DJI's
broadening price pattern's rising resistance line will
become the new resistance,
as it was in 1980-1981.. But watch the NYSE A/D Line. For
this the most bullish
scenario to play out, we will need to see more 2400-2800 NYSE
advancers
at day's end. |
|
| |
Charts - 6/3/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80603.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-3/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-3/BEARISH.htm
|
Falling 65-dma
resistance is at 33500. A turn downwards there would be bearish. The P-I has
become negative. Wath this,
as it is a warning that traders remain very concerned about rising
interest rates despite Powell's
efforts to achieve a "smooth landing".
 |
The short-term trend of Closing Power is still rising.
Watch to see
if Professionals change their mind. That would likely mean
another
DJI decline back to its lows.
Even though Inflation is very high, Volcker hesitated
to raise rates until the Presidential Election was safely
behind the market. Rising Resistance line became
target for DJI each time 65-dma was exceeded.
DJI-1980-1981
|
Note short-term Red (optimized) Sell.
Overhead 65dma is
strong resistance. Short-term Closing Power is still
rising.
 |
====
 |
SOXL shows a bullish falling wedge price
pattern, but its relative
strength shows it has under-performed the DJI by 30.6% over the
last 50 trading days,
 |
Oil stocks and ETFs are clearly leading the market.
But their rise is a warning because it shows inflation.
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/3/2022
Bullish = 1 - WEAT
Bearish = 1 - RETL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 329.35 -3.42 332.07 43.9% ------- RED .063 0 ====
---------------------------------------------------------------------------------------------
COMPQX 12012.73 -304.17 12131.13 112.9% ------- RED .043 -.096 -.053
---------------------------------------------------------------------------------------------
SPY 410.54 -6.85 415.26 63.5% ------- RED .015 -.034 -.019
---------------------------------------------------------------------------------------------
QQQ 306.2 -8.18 309.1 111.7% ------- RED -.041 -.089 -.13
---------------------------------------------------------------------------------------------
MDY 460.39 -5.38 463.85 76.4% ------- RED .074 -.01 .064
---------------------------------------------------------------------------------------------
IWM 187.06 -1.7 187.64 116.8% ------- RED -.008 -.042 -.05
---------------------------------------------------------------------------------------------
FAS 86 -3.92 91.28 -41.1% ------- RED .13 -.244 -.114
---------------------------------------------------------------------------------------------
RETL 11.17 -.55 12.1 -122% Bearish RED .174 -.431 -.257
---------------------------------------------------------------------------------------------
SOXL 23.93 -2.27 25.26 283.5% Bullish RED .066 -.307 -.241
---------------------------------------------------------------------------------------------
TECL 38.52 -2.97 39.94 286.3% ------- RED .123 -.275 -.152
---------------------------------------------------------------------------------------------
IBB 116.5 .14 119.5 30% ------- BLUE .035 -.052 -.017
---------------------------------------------------------------------------------------------
GLD 172.58 -1.77 172.85 -5.2% ------- RED -.131 -.01 -.141
---------------------------------------------------------------------------------------------
OIL 20.37 .44 19.47 273.9% ------- BLUE .047 .158 .205
---------------------------------------------------------------------------------------------
OIH 302.76 6.43 300.83 121% ------- BLUE .107 .114 .221
---------------------------------------------------------------------------------------------
CPER 27.06 -.56 26.18 229.4% Bullish RED .208 -.031 .177
---------------------------------------------------------------------------------------------
UUP 27.3 .12 27.16 14.7% ------- ---- -.071 .076 .005
---------------------------------------------------------------------------------------------
CORN 27.56 -.01 28.89 -160% Bearish BLUE .013 .062 .075
---------------------------------------------------------------------------------------------
WEAT 10.68 -.06 11.58 -303.8% ------- BLUE .204 .049 .253
---------------------------------------------------------------------------------------------
YINN 83.94 -4.48 77.2 526% Bearish RED -.091 -.134 -.225
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220603
-------------------------------
NEWHIGHS 87 incl 50 NYSE 37 NASDAQ
NEWLOWS 61 incl 25 NYSE 136 NASDAQ
NYSE ADV 908 2,485 (Thurs.)
NYSE DEC 2,351 804 (Thurs.)
MAXCP 25
MINCP 18
TTTNH 14
TTTNL 46
CPCROSSA 10
CPCROSSD 108
ACCUMVER 47
HIGHIP21 9
HIUPPCT 259
VHIP21 48
LOWACCUM 242
REDSELL 113
AUGSELS7 9
TRAPDOOR 6
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/3/22
Bullish = 8
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 .833 .5 .833 .833
OILGAS .809 .838 .809 .809 .809 .742
CHEM .695 .804 .63 .652 .695 .608
BEVERAGE .642 .642 .642 .571 .642 .642
SOLAR .625 .625 .312 .375 .437 .187
UTILITY .605 .71 .657 .71 .71 .684
INFRA .575 .606 .515 .484 .545 .393
INDMATER .541 .652 .527 .555 .611 .513
==============================================================================================
AUTO .49 .641 .471 .471 .452 .433
GUNS .461 .538 .461 .461 .461 .461
ELECTRON .451 .556 .383 .428 .421 .278
FOOD .448 .489 .428 .51 .612 .551
SEMI .442 .578 .4 .452 .421 .273
GREEN .421 .368 .263 .263 .263 .21
CHINA .42 .44 .34 .36 .26 .24
COMODITY .41 .487 .384 .435 .538 .461
COMPUTER .4 .4 .4 .4 .4 .25
FIDSTKS .39 .491 .414 .485 .532 .396
ETFS .381 .581 .309 .418 .345 .218
COPPER .375 .625 .375 .25 .25 .125
HOMEBLDG .368 .368 .315 .368 .473 .157
TRANSP .368 .473 .421 .473 .526 .421
DOWJONES .366 .533 .4 .533 .6 .3
SP500 .366 .444 .352 .412 .454 .325
NASD-100 .35 .402 .329 .371 .412 .309
BONDFUND .344 .471 .402 .275 .356 .126
SP-100 .344 .422 .377 .477 .511 .366
EDU .333 .333 .166 .333 .333 .333
RUS-1000 .318 .351 .291 .313 .326 .268
DJI-13 .307 .615 .384 .615 .769 .307
SOFTWARE .303 .357 .232 .232 .25 .196
HACKERS .3 .35 .3 .3 .35 .3
FINANCE .292 .365 .317 .378 .39 .243
NIFTY .282 .391 .217 .26 .326 .217
INDEXES .281 .335 .254 .291 .275 .254
REGBANKS .28 .48 .28 .44 .48 .24
MILITARY .269 .307 .192 .23 .269 .269
GAMING .263 .315 .157 .315 .263 .263
LOWPRICE .259 .259 .232 .232 .219 .187
HOSPITAL .25 .25 .25 .187 .187 .187
MARIJUAN .25 .25 .25 .25 .25 .25
REIT .246 .292 .276 .269 .292 .238
HIGHPRIC .238 .3 .179 .21 .25 .167
RETAIL .234 .234 .148 .255 .297 .191
JETS .23 .307 .23 .384 .384 .23
BIOTECH .217 .2 .181 .192 .217 .153
INSURANC .2 .36 .24 .36 .4 .28
BIGBANKS .142 .285 .142 .714 .714 .142
GOLD .065 .086 .086 .065 .065 .021
|
====================================================================================
Friday: June
3: 5:45 AM (PCT) Futures: DJI
-140 NASDAQ -100 Data Used for
6/2/2022
| |
Despite the rising Closing Powers and the NYSE
A/D Line's big jump again today,
I would remain cautious and still consider our operative Peerless
signal to be the
earlier Sell S9-S4. The main reason is that I fail to see
how Chairman Powell
can bring about another "V" bottom as he did at the
start of 2019 or in the Spring
of 2020. The rate of Inflation is just too high and given
the rising crude oil and
gas prices, Inflation is likely to worsen. Another good
Jobs Report will make
that worsening Inflation scenario even more likely. Powell
"saved the day" for
Wall Street before by dropping rates and injecting billions into
Wall Street. This
year he can't do that. He is committed to two more 1/2%
rate hikes and reducing
the Fed's nearly $9 trillion dollars in deficits.
The improving breadth could still give us a Buy B12 or Buy B20,
but the DJI will
need to show strong breadth with the DJI at the 21-dma.
These signals do not
work well with the DJI at the upper band, the V-I negative and in
June, a normally
bearish month.
Respect the bearishness of the falling 65-dma. Stocks and
ETFs that turn back down
from below that moving average are dangerously poised for a new
sell-off. So,
though there may be another recovery from early weakness today,
there still
appears to be ample over-head resistance and volume is just too
low to eat it
all up before negative quantitative easing starts in mid June to
deflate Powell's
balloon of equity inflation.
The Jobs Report just out shows the economy is holding steady
despite, or because
of, the FED's weak inflation-fighting so far. Bulls will
take it to show the economy
can surivive whatever the FED dishes out. Bears will argue
that the FED must
be much more aggressive to curb Inflation, especially in fighting
big wage gains.
History does seem to show that there is no way for the FED to
stop inflation
short of deliberately causing a recession and a 20% or more
decline in the DJI.
The DJI is now down 10% from its earlier highs. Another
decline starting
in mid-June when the FED starts selling bonds and mortgages from
its books
is still expected here. More backing and filling seems the
immediate trading
expectation. Let's see if the rising Closing Powers can
lift away the early weakness.
|
|
| |
Charts - 6/2/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80602.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/6-2/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/6-2/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/2/2022
Bullish = 1 - Copper
Bearish = 0 -
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 332.77 4.41 326.45 175.3% Bullish BLUE .16 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 12316.9 322.44 11740.65 371.4% ------- BLUE .111 -.083 .028
---------------------------------------------------------------------------------------------
SPY 417.39 7.8 405.31 245.3% Bullish BLUE .088 -.027 .061
---------------------------------------------------------------------------------------------
QQQ 314.38 8.38 299.33 381.8% Bullish BLUE .034 -.075 -.041
---------------------------------------------------------------------------------------------
MDY 465.77 10.36 453.37 249.8% Bullish BLUE .126 -.014 .112
---------------------------------------------------------------------------------------------
IWM 188.76 4.5 182.72 273% ------- BLUE .033 -.046 -.013
---------------------------------------------------------------------------------------------
FAS 89.92 4.08 86.73 520.8% Bullish BLUE .199 -.249 -.05
---------------------------------------------------------------------------------------------
RETL 11.72 .95 11.45 767.6% Bearish BLUE .204 -.437 -.233
---------------------------------------------------------------------------------------------
SOXL 26.2 2.49 22.54 1289% Bullish BLUE .132 -.294 -.162
---------------------------------------------------------------------------------------------
TECL 41.49 2.76 36.28 1020.5% Bullish BLUE .195 -.253 -.058
---------------------------------------------------------------------------------------------
IBB 116.36 .92 115.8 68.3% ------- BLUE .075 -.072 .003
---------------------------------------------------------------------------------------------
GLD 174.35 2.12 172.76 36.8% ------- BLUE -.071 .016 -.055
---------------------------------------------------------------------------------------------
OIL 19.93 .4 19.3 279.5% ------- BLUE .032 .168 .2
---------------------------------------------------------------------------------------------
OIH 296.33 -2.98 295.57 159.4% ------- RED .106 .112 .218
---------------------------------------------------------------------------------------------
CPER 27.62 1.39 25.85 328.5% Bullish BLUE .273 .009 .282
---------------------------------------------------------------------------------------------
UUP 27.18 -.24 27.22 -23.8% Bearish RED -.203 .076 -.127
---------------------------------------------------------------------------------------------
CORN 27.57 .1 28.46 -171.3% Bearish RED .023 .072 .095
---------------------------------------------------------------------------------------------
WEAT 10.74 .25 11.35 -300.2% ------- BLUE .201 .049 .25
---------------------------------------------------------------------------------------------
YINN 88.42 7.31 75.4 1338% ------- BLUE -.051 -.097 -.148
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220602
-------------------------------
NEWHIGHS 97 (NASDAQ 33
NEWLOWS 181 (NASDAQ 143
NYSE Advances 2,485 1,341
NYSE Declines 804 1,972
MAXCP 24
MINCP 7
TTTNH 11
TTTNL 43
CPCROSSA 133
CPCROSSD 18
ACCUMVER 43
HIGHIP21 16
HIUPPCT 253
VHIP21 48
LOWACCUM 243
REDSELL 114
AUGSELS7 9
TRAPDOOR 3
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/2/22
Bullish = 16
Bearish = 33
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 .833 .5 .833 .833 .833
OILGAS .838 .809 .809 .809 .761 .733
CHEM .804 .63 .673 .673 .608 .521
UTILITY .71 .657 .71 .71 .684 .684
INDMATER .652 .527 .555 .611 .527 .416
BEVERAGE .642 .642 .571 .642 .642 .642
AUTO .641 .471 .471 .452 .433 .226
COPPER .625 .375 .25 .25 .125 .125
SOLAR .625 .312 .375 .437 .187 .125
DJI-13 .615 .384 .615 .769 .384 .307
INFRA .606 .515 .484 .545 .454 .272
ETFS .581 .309 .418 .345 .236 .163
SEMI .578 .4 .452 .421 .273 .136
ELECTRON .556 .383 .428 .421 .278 .165
GUNS .538 .461 .461 .461 .461 .384
DOWJONES .533 .4 .533 .6 .333 .266
============================================================================================
FIDSTKS .491 .414 .485 .532 .408 .295
FOOD .489 .428 .51 .612 .551 .489
COMODITY .487 .384 .435 .538 .461 .41
REGBANKS .48 .28 .44 .48 .24 .16
TRANSP .473 .421 .473 .526 .421 .157
BONDFUND .471 .402 .275 .356 .114 .045
SP500 .441 .344 .409 .445 .33 .254
CHINA .44 .34 .36 .26 .24 .16
SP-100 .422 .377 .477 .511 .377 .3
NASD-100 .402 .329 .36 .412 .329 .175
COMPUTER .4 .4 .4 .4 .3 .25
NIFTY .391 .217 .239 .326 .217 .108
GREEN .368 .263 .263 .263 .21 .263
HOMEBLDG .368 .315 .368 .473 .21 0
FINANCE .365 .317 .378 .378 .243 .121
INSURANC .36 .24 .36 .4 .28 .12
SOFTWARE .357 .25 .232 .25 .196 .16
RUS-1000 .351 .291 .313 .326 .268 .215
HACKERS .35 .3 .3 .35 .3 .3
INDEXES .335 .254 .291 .275 .259 .243
EDU .333 .166 .333 .333 .333 .166
GAMING .315 .157 .263 .315 .263 .21
JETS .307 .23 .384 .384 .23 0
MILITARY .307 .192 .23 .269 .269 .115
HIGHPRIC .3 .179 .21 .25 .171 .109
REIT .292 .269 .276 .292 .238 .2
BIGBANKS .285 .142 .714 .714 .142 0
LOWPRICE .261 .23 .232 .219 .187 .166
HOSPITAL .25 .25 .187 .187 .187 .187
MARIJUAN .25 .25 .25 .25 .25 0
RETAIL .234 .148 .255 .297 .191 .085
BIOTECH .2 .181 .192 .217 .155 .125
GOLD .086 .086 .065 .065 .021 .043
|
==================================================================================
Thursday:
June 2: 5:54 AM (PCT) Futures: DJI
+107 NASDAQ +62 Data Used for 6/1/2022
| |
No one know for sure how the market will react
when the FED reverses its
massive Quantitative Injections of funds into the market.
Its balance sheet is, now
almost 9 trill. dollars or a 1/4 of the total GNP in the U.S.
We can bet that
the market will therefore play on both the hopes and fears of
investors in this
new situation. But what goes up usually comes down.
And balloons deflate a lot
faster than they fill up. So, the still operating Sell
S9-S6 must be respected.
Immediately ahead, on Friday before the close, we get May's Jobs'
numbers.
I suspect they will be good and that's why the opening today
looks positive.
But beware of strong openings that fizzle, like yesterday's
especially when they
are accompanied by higher short-term interest rates and rising
oil stocks. This
is what bear market rallies look like when volume remains lower
on up-days
than down-days and rallies fail at previous broken support and
the falling
65-dma.
Except for DIA's and SPY's still rising Closing Power, all these
bearish
characteristics are present now. Selling SPY into strength
tomorrow or on
Friday is suggested. We are finding a lot more bearish
MINCPs now. Note
the way the ratio of new lows to new highs is much greater on
NASDAQ
stocks. This is because smaller stocks are much more
vulnerable to rising
rates. |
|
 |
 |
 |
 |
 |
 |
Note how various leading & highest priced
stocks in DJI-30 have reached their individual
price resistance. |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/1/2022
Bullish = 1 - OIH
Bearish = 1 - YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 328.36 -1.84 321.28 137.6% ------- RED .126 ----
---------------------------------------------------------------------------------------------
COMPQX 11994.46 -86.93 11434.74 311.2% ------- RED .073 -.084 -.011
---------------------------------------------------------------------------------------------
SPY 409.59 -3.34 397.37 193.9% ------- RED .058 -.029 .029
---------------------------------------------------------------------------------------------
QQQ 306 -2.28 291.26 313.7% ------- RED .008 -.076 -.068
---------------------------------------------------------------------------------------------
MDY 455.41 -3.82 443.04 229.7% Bearish RED .11 -.024 .086
---------------------------------------------------------------------------------------------
IWM 184.26 -1.05 178.73 238.7% ------- RED .019 -.054 -.035
---------------------------------------------------------------------------------------------
FAS 85.84 -4.34 80.86 417.3% Bullish RED .17 -.244 -.074
---------------------------------------------------------------------------------------------
RETL 10.77 -.59 10.01 1155.4% Bearish RED .196 -.443 -.247
---------------------------------------------------------------------------------------------
SOXL 23.71 -1.15 20.19 1029.5% Bullish RED .113 -.343 -.23
---------------------------------------------------------------------------------------------
TECL 38.73 -.4 33.82 830.3% ------- RED .174 -.267 -.093
---------------------------------------------------------------------------------------------
IBB 115.44 -1.23 114.77 37% ------- RED .051 -.057 -.06
---------------------------------------------------------------------------------------------
GLD 172.23 1.09 173.08 -55% ------- BLUE -.124 .003 -.121
---------------------------------------------------------------------------------------------
OIL 19.53 .08 18.85 208.8% Bearish RED -.009 .14 .131
---------------------------------------------------------------------------------------------
OIH 299.31 5.85 286.92 301.9% Bullish BLUE .162 .123 .285
---------------------------------------------------------------------------------------------
CPER 26.23 .26 25.91 25% ------- ---- .163 -.032 .131
---------------------------------------------------------------------------------------------
UUP 27.42 .21 27.31 38.6% Bullish BLUE -.114 .09 -.024
---------------------------------------------------------------------------------------------
CORN 27.47 -.75 28.54 -220.5% Bearish RED .041 .076 .117
---------------------------------------------------------------------------------------------
WEAT 10.49 -.48 11.41 -453.1% ------- RED .194 .036 .23
---------------------------------------------------------------------------------------------
YINN 81.11 -2.65 67.8 1062.8% Bearish RED -.272 -.067 -.339
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220601
-------------------------------
NEWHIGHS 82
NEWLOWS 242
Advances 1,341 1,164
Declines 1,972 2,151
MAXCP 16
MINCP 36
TTTNH 5
TTTNL 57
CPCROSSA 29
CPCROSSD 286
ACCUMVER 42
HIGHIP21 12
HIUPPCT 248
VHIP21 46
LOWACCUM 255
REDSELL 119
AUGSELS7 11
TRAPDOOR 16
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
6/1/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .5 .833 .833 .833 .833
OILGAS .809 .809 .809 .761 .733 .619
UTILITY .657 .71 .71 .684 .684 .684
BEVERAGE .642 .571 .642 .642 .642 .642
CHEM .63 .673 .695 .586 .543 .478
INDMATER .527 .555 .611 .527 .43 .388
INFRA .515 .484 .545 .454 .303 .272
AUTO .471 .471 .452 .433 .207 .094
GUNS .461 .461 .461 .461 .461 .384
FOOD .428 .51 .612 .551 .489 .469
TRANSP .421 .473 .526 .421 .157 .157
FIDSTKS .414 .485 .532 .408 .289 .272
BONDFUND .402 .275 .356 .114 .045 .022
COMPUTER .4 .4 .4 .3 .25 .25
DOWJONES .4 .533 .6 .333 .266 .266
SEMI .4 .452 .421 .273 .147 .126
COMODITY .384 .435 .538 .461 .41 .384
DJI-13 .384 .615 .769 .384 .307 .307
ELECTRON .383 .428 .421 .278 .165 .135
SP-100 .377 .477 .511 .377 .3 .277
COPPER .375 .25 .25 .125 .125 .125
SP500 .352 .412 .452 .336 .261 .231
CHINA .34 .36 .26 .24 .16 .16
NASD-100 .329 .36 .402 .329 .175 .154
FINANCE .317 .378 .378 .231 .121 .121
HOMEBLDG .315 .368 .473 .21 0 0
SOLAR .312 .375 .437 .187 .125 .125
ETFS .309 .418 .345 .236 .181 .127
HACKERS .3 .3 .35 .3 .3 .25
RUS-1000 .291 .313 .326 .268 .22 .182
REGBANKS .28 .44 .48 .24 .16 .16
REIT .269 .269 .3 .238 .215 .176
GREEN .263 .263 .263 .21 .263 .21
INDEXES .254 .291 .275 .259 .243 .237
HOSPITAL .25 .187 .187 .187 .187 .187
MARIJUAN .25 .25 .25 .25 0 0
SOFTWARE .25 .25 .25 .196 .16 .16
INSURANC .24 .36 .4 .28 .12 .12
LOWPRICE .232 .23 .219 .187 .171 .14
JETS .23 .384 .384 .23 0 0
NIFTY .217 .239 .304 .217 .108 .086
MILITARY .192 .23 .269 .269 .153 .038
BIOTECH .181 .192 .217 .155 .125 .119
HIGHPRIC .179 .21 .25 .171 .109 .105
EDU .166 .333 .333 .333 .166 0
GAMING .157 .263 .263 .315 .21 .21
RETAIL .148 .255 .297 .191 .085 .021
BIGBANKS .142 .714 .714 .142 0 0
GOLD .086 .065 .065 .021 .043 .021
|
=================================================================================
Wednesday:
June 1: 5:37 AM (PCT) Futures: DJI
+123 NASDAQ +7 Data Used for 5/31/2022
| |
The rally for DJI and the SP-500 ran into
some profit-taking at their resistance
levels, but the 21-day moving averages of Closing Power and
CP's short-terms
are still rising. So, stay long SPY a little longer.
It looks like they will rise to
the resistance of their 65-dma and reach their 50%
retracement levels. The
NYSE A/D Line is in a short-term uptrend, too. As
already mentioned, even
when the FED is tightening, a rally until mid-June is
common. That matches the
seasonality of 2nd years in the Presidential four year
cycle where a slight rally
is likely for the next two weeks, but if this were a
typical such June from 1966...
1970...1974...2018 the DJI would then end up down 1.2% at
the month's end.
Only 42.9% of these Junes rose.
So, the still operating Sell S9-S6 may next be reversed on
a decline to
the DJI's lower band. No one knows yet how the FED's
negative "Quantitatve
easing" will hit the market. Watch the daily NYSE A/D
Line numbers. Excellent
breadth could bring a new Peerless Buy B12.
Wall Street "power-elite" clearly wants the DJI
to keep rising. For political
reasons they do not mind if Inflation continues a while
longer at the level it is now.
They think that President Biden and his Treasury Secretary
will take the "political
heat."
Crude Oil and most oil stocks saw big reversal days from
their daily highs today.
If this turns out to be bearish for them and brings a drop
in gasoline prices at the
pump, it could start to lower the Summer CPI numbers and
give the Fed ample
excuse to pause in their tight money.
|
|
| |
Charts - 5/31/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80531.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-31/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-31/BEARISH.htm
|
|
===================================================================================
Tuesday: May 31: 4:35 AM Futures: DJI -142 NASDAQ +5 Data Used for 5/27/2022
| |
Today, could give us a new Buy B12 if
breadth is again strong.
But we could also get another Sell S6 if breadth is weak.
If there is
no recovery from the weak opening that seems to lie ahead,
I would
take long profits in SPY. In that event, I would
assume that a new fear,
that focuses on the FED's selling off its trillions of debt
instruments, which
starts in June, will become dominant.
We can explain the big jumps Thursday and Friday as being
Memorial
Day phenomenon coupled with a rally up off the SP-500's 20%
decline
from its peak. Cynics like me, will also say it
relfects Powell's second thoughts
about raising rates and hoping aloud that Inflation will
subside on its own
this Fall so he can stop raising rates. For the time
being, the market wants to
pause and see what comes out of Tuesday's meeing by the
President with
the Fed Chairman. Usually, Presidents try to get the
FED not to be too tight
with their monetary powers, but Biden is different because
his poll numbers
make it seem that Americans are are more concerned about
Inflation than Jobs
right now. Biden might be the "hawk" in the
Tuesday meeting.
Technically, the Closing Powers for most of the big stocks
and main ETFs
have moved up sharply. The three-day rally has been
produced solely
by NY Professionals. Opening Power has had little or
nothing to do with the
3-day jump. Professionals are usually eventually
right when they buy like this
at market bottoms. Our experience with Professional
buying (a series of blue
candle-sticks on Tiger charts) also suggests that they can
continue to remain
positive for as long as 8-10 days.
So, despite the operative Sell S9. if Professionals can
turn the DJI back up
after a weak opening on Monday, such a bullsh blue streak
of candle-sticks
would become a possible scenario. And that might
bring a June/July peak in the
DJI, which would still be consistent with the DJI's
typical behavior in a year when
they are boosting interest rates to fight inflation.
Note again the DJI peaks in
rising-interest-rate years such as
7/9/1920 - at falling 65-dma,
7/8/1957 - Sell S9 - above 65-dma. .
6/9/1960 - 6% above 65-dma.
6/12/1973 - a little above 65-dma, 6/22/1977
6/22/1977 - at falling 65-dma
6/25/1981 - at falling 65-dma
9/5/2000
Closing Power was so strong on Friday that we had to
search hard to find
any bearish MINCPs. I take that as a bullish
sign. But the excellent breadth
did not prevent there being many more new lows than
new highs on the
NASDAQ. Those will make good short sales.
If they cannnot rise in good
markets, what will they do in bad? There we saw
113 new lows and only
49 new highs.
I studied what happens when we get three straight
excellent breadth days
as ended last week. Since 1951, we have never
had three straight days
with NYSE Adv/Decl ratios of 2581/704 (Last
Wednesday), 2734/568
(last Thursday) and 2861/468 (last Friday).
This bullish streak of three,
ending Friday) was not unique. Going back to
1929, we find 8 instances
before 1950. Six of the eight brought additional good
gains. Only twice did the
DJI drop back to its lower band before rallying.
What are we to make of this? I would still wait
a day longer. I would trust
the Closing Power trend a while longer with our SPY
long if there is a
steady rally up from early weakness on Tueday.
But I would
also trust the current Peerless signal and remain
short the weakest Bearish
MINCPs until their Closing Powers break their
downtrending 21-dma.
The ususual strength in oil and gas stocks is a sign
that oil, gas and commodity
prices are still on the rise. This percolates
through the whole economy and
does not bode well for those who expect Inflation to
peak soon.
As for the FED's intentions, watch bonds, FAS and the
uptrends in IRX--X
(3 mo rates), TNX--X (ten year rate and SPY's Closing
Power trend..
|
|
| |
Charts - 5/27/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80527.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-27/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-27/BEARISH.htm
|
|
===================================================================================
Friday: May 27: 5:45 AM PCT
Futures DJI+33
NASDAQ +63 Data Used for 5/26/2022
| |
Our still active Peerless S9 was based on
weak breadth as the DJI reached
the upper 3% band. Notice that the P-I turned
positive as did the Accum-
Index- IP21 today.
The S9 was thus the result of of the widespread expectation
that
the FED would have to raise interest rates at a fast pace
to try to curb Inflation
which has reached an 8%-10% annual growth rate.
Powell and his FOMC
associates are on a plane to raise the Federal Funds' rate
to 2% by July. Not
surprisingly, Oil Prices and Food prices have hardly been
impacted by these
paltry increases. This week traders finanlly noticed
Powell's preference for a "soft
landing" rather than fighting inflation
resolutely. As a result, the SP-500 has found
ample buyers at its best support, 20% down from the peak
and Professionals
are now bidding up many beaten down issues, including the
NASDAQ which
had fallen off 30% fom its highs.
We noticed the way the SP-500 was turning back up and
recommended
"nimble traders" buy it despite the Sell S9
because the odds since 1990
were 3:1 in favor of its rallying. We also have
suggested buying it because
its Closing Power is no longer falling and because
even when the FED is
raising rates, it is common for the DJI in those
years to rally until mid-June
and sometimes even to July or later. (See the
evidence in the form of
the historic charts shown in our Hotlines this week.)
The week before Memorial Day also commonly lifts the
DJI. Next
month, traders will be focusing on how rapidly the
FED starts to sell
off the trillions of dollars' worth of debt
instruments it bought between
2020 and 2021 to boost the market up from the
Covid-destruction
and -high unemployment. It's possible these
fears will hit the market
soon. But right now, the Closing Powers (blue
candle-sticks) dominate
this week's trading in DIA, SPY, QQQ, COMPQX, TECL,
NVDA
as well as oil and gas. So, we should give SPY
more room to rally.
We have covered our short sales in bond funds.
As you can see
below, they took off as soon as their long down-trend
in prices was
violated. Expect rallies even in our bearish
MINCPs if their Closing
Power downtrends are violated. (In the Crash of
2008, we studied
and proved to our satisfaction the merits of covering
Bearish MINCPs
when their Closing Power downtrends are violated and
certainly
when their Closing Powers rise above their 21-dma.)
Have a safe and happy Memorial Day weekend.
Give some thought
to those who gave up their lives defending Freedom.
Flanders Fields
In Flanders Fields, the poppies blow
Between the crosses, row on row,
That mark our place; and in the sky the larks,
still bravely singing,
fly scarce heard amid the guns below.
We are the dead. Short days ago w lived, felt dawn,
saw sunset glow,
loved and were loved, and now we lie in Flanders
fields.
Take up our quarrel with the foe: To you from
failing hands we throw
the torch; be yours to hold it high. If ye
break faith with us who die
we shall not sleep, though poppies grow in Flanders
fields.
|
|
| |
Charts - 5/26/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80526.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-26/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-26/BEARISH.htm
|
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Table 1 QUICKSILVER on ETFS - 5/26/2022
Bullish = 4 - OIL OIH CORN WEAT
Bearish = 0 -
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 326.45 5.17 312.42 209.3% ------- BLUE .133 --- ----- ------------------------------------------------------------------------------------------------------
COMPQX 11740.65 305.91 11354.62 154.5% ------- BLUE .078 -.083 -.005
---------------------------------------------------------------------------------------------
SPY 405.31 7.94 389.63 201.4% ------- BLUE .07 -.026 .044
---------------------------------------------------------------------------------------------
QQQ 299.33 8.07 288.68 168.1% ------- BLUE .034 -.077 -.043
---------------------------------------------------------------------------------------------
MDY 453.37 10.33 435.36 191.2% ------- BLUE .1 -.022 .078
---------------------------------------------------------------------------------------------
IWM 182.72 3.99 176.08 174.8% ------- BLUE .02 -.051 -.031
---------------------------------------------------------------------------------------------
FAS 86.73 5.87 73.08 881.2% ------- BLUE .154 -.211 -.057
---------------------------------------------------------------------------------------------
RETL 11.45 1.44 9.29 784.6% Bearish BLUE .199 -.409 -.21
---------------------------------------------------------------------------------------------
SOXL 22.54 2.35 20.36 503.5% Bullish BLUE .122 -.335 -.213
---------------------------------------------------------------------------------------------
TECL 36.28 2.46 32.01 672.7% ------- BLUE .154 -.267 -.113
---------------------------------------------------------------------------------------------
IBB 115.8 1.03 115.61 33.4% ------- BLUE .073 -.037 .036
---------------------------------------------------------------------------------------------
GLD 172.76 -.32 172.03 24.6% ------- BLUE -.109 .003 -.106
---------------------------------------------------------------------------------------------
OIL 19.3 .45 18.52 266% Bullish BLUE .076 .26 .336
---------------------------------------------------------------------------------------------
OIH 295.57 8.65 266.89 525% Bullish BLUE .133 .192 .325
---------------------------------------------------------------------------------------------
CPER 25.85 -.06 25.97 0% Bullish BLUE .203 -.043 .16
---------------------------------------------------------------------------------------------
UUP 27.22 -.09 27.54 -47.5% Bearish ---- -.126 .079 -.047
---------------------------------------------------------------------------------------------
CORN 28.46 -.08 28.97 -100.3% Bearish BLUE .111 .167 .278
---------------------------------------------------------------------------------------------
WEAT 11.35 -.06 11.5 -180.7% Bullish BLUE .271 .197 .468
---------------------------------------------------------------------------------------------
YINN 3.77 .38 3.72 126.8% Bearish BLUE .007 -.22 -.213
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- .007 .044 .051
|
Table 2 Count of Stocks in Key Directories
20220526
-------------------------------
NEWHIGHS 87 + 32 = 119
NEWLOWS 40 + 165 = 205
Advances 2,734 2,581
Declines 568 704
MAXCP 27
MINCP 18
TTTNH 18
TTTNL 16
CPCROSSA 155
CPCROSSD 42
ACCUMVER 37
HIGHIP21 8
HIUPPCT 231
VHIP21 44
LOWACCUM 259
REDSELL 136
AUGSELS7 11
TRAPDOOR 6
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/26/22
Bullish = 7
Bearish = 42
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 .833 .833 .666 .666
OILGAS .761 .733 .628 .628 .561 .533
UTILITY .684 .684 .684 .578 .5 .526
BEVERAGE .642 .642 .642 .5 .428 .428
CHEM .608 .543 .5 .543 .5 .478
FOOD .551 .489 .489 .51 .51 .51
INDMATER .527 .43 .388 .416 .347 .305
===========================================================================================
COMODITY .461 .41 .41 .435 .435 .435
GUNS .461 .461 .384 .461 .384 .384
INFRA .454 .303 .272 .303 .181 .212
AUTO .433 .207 .094 .132 .094 .226
TRANSP .421 .157 .157 .263 .105 .21
FIDSTKS .408 .289 .272 .26 .195 .195
DJI-13 .384 .307 .307 .23 .153 .153
SP-100 .377 .3 .288 .244 .211 .2
SP500 .336 .259 .235 .229 .185 .191
DOWJONES .333 .266 .266 .233 .166 .2
EDU .333 .166 .166 0 .166 0
NASD-100 .319 .164 .144 .216 .154 .144
COMPUTER .3 .25 .25 .25 .2 .25
HACKERS .3 .3 .25 .25 .25 .25
INSURANC .28 .12 .12 .12 .08 .12
ELECTRON .278 .165 .127 .165 .12 .127
SEMI .273 .147 .126 .168 .115 .094
MILITARY .269 .153 .076 .076 0 .076
RUS-1000 .268 .22 .182 .187 .162 .167
GAMING .263 .21 .21 .263 .157 .157
INDEXES .259 .243 .237 .227 .205 .189
MARIJUAN .25 0 0 0 0 0
CHINA .24 .16 .16 .16 .22 .22
REGBANKS .24 .16 .16 .04 .04 0
REIT .238 .215 .184 .146 .138 .153
ETFS .236 .181 .145 .109 .072 .018
FINANCE .231 .109 .109 .097 .06 .073
JETS .23 0 0 .153 0 .153
SOFTWARE .214 .178 .16 .178 .16 .16
GREEN .21 .263 .157 .21 .21 .21
HOMEBLDG .21 0 0 0 0 .052
NIFTY .195 .086 .086 .152 .086 .086
RETAIL .191 .085 .021 .042 .042 .042
HOSPITAL .187 .187 .187 .187 .187 .187
LOWPRICE .187 .169 .137 .166 .15 .156
SOLAR .187 .125 .125 .125 .187 .187
HIGHPRIC .171 .109 .109 .113 .093 .093
BIOTECH .155 .125 .119 .147 .136 .133
BIGBANKS .142 0 0 0 0 0
COPPER .125 .125 .125 .125 .125 .125
BONDFUND .114 .045 .022 .011 .011 .011
GOLD .021 .043 .021 .021 .021 .021
|
=================================================================================
Thursday:
May 26: 5:45 AM PCT Futures DJI+160 NASDAQ +16
Data Used for 5/25/2022
| |
We still
have to be over-all bearish because of the active Sell S9.
The steep Closing Power
downtrends of the DIA, SPY and QQQ were
broken today and the
SP-500 continued to cautiously rise from the
support of its
20%-down-from-the-peak. The higher opening we see
today brings to mind
how the FED changed its mind about tightening
to stop stock
speculation in late May 1929. The result was a quick 20%
DJI rally with the peak
only coming in September 1929 when the FED
was forced to raise its
rates to 6% because of the Bank of England's
tightening. What
if the FED now weakens their resolve to fight inflation?
Same situation?
I have suggested
traders buy SPY because of how often it does rebound
from its
20%-down-from-the-peak level on its first test. I also suggested
covering shorts in
bonds because their behavior suggests that they are
having second thoughts.
Also short-term bullish is today's sharp drop
in Pressional
bearishness as seen in the number of MINCPs today.
The active Sell S9
still underscores the bearishness of the FED's need to
raise rates to deal
with the 8%-10% rate on Inflation. But when we look
back at the behavior of
the DJI in those years where the FED was fighting
inflation, we do see
some cases where the DJI rallied in the first half
of June and even
longer. See the years 1920, 1929, 1960, 1966, 1969,
1973, 1981 and 2000
below. There were five peaks in June and July:
1920, 1960, 1966, 1973
and 1981. There was no June rally in 1969
but in the year
2000, the DJI rallied repeatedly until the Presidential
Election's results
were in doubt.
|
|
1920
June was up. DJI rally stopped at its 65-dma
 |
1929 Summer rally
because FED bows to pressure from
Wall Street Bank, Citi-Bank in particular, and
"
loosensmoney supply.
 |
1960 Peak was not
made until June 10th.
 |
1966
June peak below 65-dma.
 |
1969 May S9
sent DJI lower without any Summer Rally.
 |
1973 There were July and September rallies,
but DJI
continued to fall in June.
 |
1981
June peak
on 6-15. Peerless Sells (not shown)
 |
2000 Election Year held DJI up in 2000.
 |
2022
 |
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Table 1 QUICKSILVER on ETFS - 5/25/2022
Bullish = 3 - OIL CORN WEAT
Bearish = 2 - RETL SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 321.28 1.89 313.18 90.7% ------- BLUE .101 ----- -----
---------------------------------------------------------------------------------------------
COMPQX 11434.74 170.29 11388.5 7.3% Bearish BLUE .024 -.073 -.049
---------------------------------------------------------------------------------------------
SPY 397.37 3.48 389.46 70.2% Bearish BLUE .03 -.023 .007
---------------------------------------------------------------------------------------------
QQQ 291.26 4.02 289.58 2.1% Bearish BLUE -.017 -.068 -.085
---------------------------------------------------------------------------------------------
MDY 443.04 8.34 436.62 67.5% Bearish BLUE .05 -.017 .033
---------------------------------------------------------------------------------------------
IWM 178.73 3.16 176.53 70.5% Bearish BLUE -.023 -.043 -.066
---------------------------------------------------------------------------------------------
FAS 80.86 2.16 73.15 419.6% ------- BLUE .113 -.199 -.086
---------------------------------------------------------------------------------------------
RETL 10.01 1.7 9.98 5.3% Bearish BLUE .143 -.421 -.278
---------------------------------------------------------------------------------------------
SOXL 20.19 1.09 20.51 -162.6% Bullish BLUE .065 -.315 -.25
---------------------------------------------------------------------------------------------
TECL 33.82 1.13 31.85 126.7% Bearish BLUE .106 -.249 -.143
---------------------------------------------------------------------------------------------
IBB 114.77 .19 115.03 52.6% Bearish BLUE .021 -.008 .013
---------------------------------------------------------------------------------------------
GLD 173.08 -1.05 171.91 106.4% ------- BLUE -.14 .012 -.128
---------------------------------------------------------------------------------------------
OIL 18.85 .12 18.31 211.3% Bearish BLUE .072 .222 .294
---------------------------------------------------------------------------------------------
OIH 286.92 5.22 266.54 367.9% ------- BLUE .123 .138 .261
---------------------------------------------------------------------------------------------
CPER 25.91 -.19 25.85 162.5% Bullish BLUE .132 -.011 .121
---------------------------------------------------------------------------------------------
UUP 27.31 .1 27.48 -83.8% Bearish ---- -.133 .076 -.057
---------------------------------------------------------------------------------------------
CORN 28.54 -.19 29.04 -106.8% Bearish BLUE .176 .133 .309
---------------------------------------------------------------------------------------------
WEAT 11.41 -.11 11.77 -251.3% Bullish BLUE .291 .124 .415
---------------------------------------------------------------------------------------------
YINN 3.39 .12 3.68 -70.3% Bearish ---- -.033 .134 .101
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220525
-------------------------------
NEWHIGHS 82
NEWLOWS 389
Advances 2,581 1,463
Declines 704 1,838
MAXCP 27
MINCP 17
TTTNH 18
TTTNL 37
CPCROSSA 167
CPCROSSD 25
ACCUMVER 35
HIGHIP21 7
HIUPPCT 226
VHIP21 45
LOWACCUM 262
REDSELL 153
AUGSELS7 9
TRAPDOOR 3
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/25/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 .833 .666 .666 .666
OILGAS .733 .628 .628 .561 .542 .542
UTILITY .684 .684 .578 .5 .526 .526
BEVERAGE .642 .642 .5 .428 .428 .285
CHEM .543 .5 .565 .478 .5 .5
FOOD .489 .489 .51 .51 .489 .489
GUNS .461 .384 .461 .384 .384 .461
INDMATER .43 .388 .416 .347 .305 .333
COMODITY .41 .41 .435 .435 .41 .41
DJI-13 .307 .307 .23 .153 .153 .307
INFRA .303 .272 .303 .181 .242 .181
HACKERS .3 .25 .25 .25 .25 .25
SP-100 .3 .288 .244 .211 .2 .233
FIDSTKS .289 .272 .26 .195 .195 .207
DOWJONES .266 .266 .233 .166 .2 .266
GREEN .263 .157 .21 .21 .21 .157
SP500 .259 .235 .229 .183 .193 .207
COMPUTER .25 .25 .25 .2 .25 .25
INDEXES .243 .237 .227 .205 .189 .194
RUS-1000 .22 .182 .187 .162 .167 .167
REIT .215 .176 .153 .138 .146 .161
GAMING .21 .21 .21 .21 .157 .105
AUTO .207 .094 .132 .094 .207 .094
HOSPITAL .187 .187 .187 .187 .187 .187
ETFS .181 .145 .109 .072 .036 .018
SOFTWARE .178 .178 .178 .16 .16 .125
LOWPRICE .171 .134 .166 .15 .156 .145
EDU .166 .166 0 .166 0 .166
ELECTRON .165 .127 .165 .12 .127 .15
NASD-100 .164 .144 .206 .154 .134 .134
CHINA .16 .16 .16 .22 .22 .2
REGBANKS .16 .16 .04 .04 0 0
TRANSP .157 .157 .263 .105 .21 .263
MILITARY .153 .076 .076 0 .115 .153
SEMI .147 .126 .168 .115 .094 .126
BIOTECH .125 .119 .147 .136 .133 .103
COPPER .125 .125 .125 .125 .125 .125
SOLAR .125 .125 .125 .187 .187 .125
INSURANC .12 .12 .12 .08 .12 .16
FINANCE .109 .109 .097 .048 .073 .073
HIGHPRIC .109 .109 .113 .093 .089 .082
NIFTY .086 .086 .13 .086 .086 .108
RETAIL .085 .021 .042 .042 .042 .042
BONDFUND .045 .022 .011 .011 .011 .011
GOLD .043 .021 .021 .021 .021 .021
BIGBANKS 0 0 0 0 0 0
HOMEBLDG 0 0 0 0 .052 0
JETS 0 0 .153 0 .153 .153
MARIJUAN 0 0 0 0 0 0
|
===================================================================================
Wednesday:
May 24: 5:34 AM PCT Futures DJI
-135 NASDAQ -65 Data
Used for 5/24/2022
| |
Peerless with its active Sell S9-S6 keeps trading in this market very simple.
Avoid the long
side and go short some of the many bearish MINCPS. I
recognize that
going short seems unpatriotic, inconsistent with what has
generally made
money for most people in the market and psychologically
at war with most
of our positive outlooks, but this year has proven the
merits of our
shorting MINCPs and certainly is consistent with the history
we teach about
the dangers of the stock market when there have been
three or four
separate Sells over six to ten months.
The big ETFs, DIA
and SPY have held up very well, I have to admit,
even as the
NASDAQ has dropped 30% and the number of new lows
on the NYSE and
NASDAQ have risen daily to levels 5, 10 and 20 times
the number of new
highs. Can the DIA and SPY turn the market around
to the upside or
just stay up, whatever the rest of the broade market does?
Much depends on
the resolve of the FED to curb inflation, something
they have
historically been expected to do. For the last twelve months,
Powell and his
friends on the FOMC have been reluctant to admit how
dangerous
inflation has become. They have sought a "soft landing" for
stocks and the
economy by being slow to raise rates or selling the
trillions and
trillions of financial assets that they bought to provide
maximum liquidity
to the market. Next month they are scheduled
to start
unloading these assets. It's a good guess that fear of this
now
overhangs the market and is causing the recent one-day rallies
to be so
quickly squelched the next day.
We
have come to a moment of truth. Inflation is well over 8% and
the
credibility of the FED's resolve to get it under control is now
being
tested. Tomorrow, the FED's minutes will show if the FOMC
is
changing their mind. Notice that our Bond Funds' chart has broken
its
steep downtrend. Have traders gotten word that there will not be
1/2%
interest rate rises at each of the next three meetings of the FOMC?
Today, some of the leading tech stocks in the SP-500 fell sharply.
See
the charts of NVDA (which reports earnings after the close
tomorrow), AMZN, GOOG and TSLA below. So, it was a surprise
today
that SP-500 still managed not to drop below the key
20%-down-from-its-peak. Is this significant?
Will
TSLA report another surprise jump in earnings. They do show
a lot
more surprises than failures. See Yahoo's helpful list in this
respect at https://finance.yahoo.com/calendar/earnings?symbol=NVDA
My
counsel is to respect and short more of the many MINCPs. But
take
some profits in the shorts of bond funds. And, if you are a "nimble
trader", hold SPY for a long, only if it does not close below 380.
Watch
to see today if SPY can turn up smartly and its Closing
Power
downtrend will be broken. |
|
| |
Charts - 5/24/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80524.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-24/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-24/BEARISH.htm |
|
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Table 1 QUICKSILVER on ETFS - 5/24/2022
Bullish = 2 - CORN WEAT
Bearish = 2 - RETL SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 319.39 .55 315.55 -121.4% Bearish BLUE .031 ---- .031
---------------------------------------------------------------------------------------------
COMPQX 11264.45 -270.83 11418.15 -312.1% Bearish RED -.042 -.072 -.114
---------------------------------------------------------------------------------------------
SPY 393.89 -3.03 391.86 -182.5% Bearish BLUE -.027 -.023 -.05
---------------------------------------------------------------------------------------------
QQQ 287.24 -6.24 291.14 -322.1% Bearish RED -.077 -.065 -.142
---------------------------------------------------------------------------------------------
MDY 434.7 -5.42 437.14 -219% Bearish RED -.039 -.033 -.072
---------------------------------------------------------------------------------------------
IWM 175.57 -2.64 176.24 -198.7% Bearish RED -.085 -.057 -.142
---------------------------------------------------------------------------------------------
FAS 78.7 -.79 74.5 -169.1% ------- BLUE .042 -.201 -.159
---------------------------------------------------------------------------------------------
RETL 8.31 -.94 10 -2394.3% Bearish RED -.022 -.486 -.508
---------------------------------------------------------------------------------------------
SOXL 19.1 -1.53 20.85 -1281.2% Bearish RED .009 -.283 -.274
---------------------------------------------------------------------------------------------
TECL 32.69 -1.58 32.99 -805% Bearish RED .045 -.216 -.171
---------------------------------------------------------------------------------------------
IBB 114.58 -1.86 113.56 -84% Bearish RED -.034 -.01 -.044
---------------------------------------------------------------------------------------------
GLD 174.13 1.3 169.42 140.3% ------- BLUE -.178 -.012 -.19
---------------------------------------------------------------------------------------------
OIL 18.73 .08 18.07 67.9% Bearish ---- .085 .158 .243
---------------------------------------------------------------------------------------------
OIH 281.7 1.26 266.87 92.3% ------- BLUE .066 .06 .126
---------------------------------------------------------------------------------------------
CPER 26.1 -.15 25.07 102.9% ------- BLUE .069 -.015 .054
---------------------------------------------------------------------------------------------
UUP 27.21 -.08 27.77 -76.2% ------- ---- -.105 .059 -.046
---------------------------------------------------------------------------------------------
CORN 28.73 -.5 29.16 -194.8% Bearish RED .173 .137 .31
---------------------------------------------------------------------------------------------
WEAT 11.52 -.38 12 -352.8% Bullish RED .269 .163 .432
---------------------------------------------------------------------------------------------
YINN 3.27 -.41 3.44 -656.8% Bearish RED -.08 .074 -.006
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220524
-------------------------------
NEWHIGHS 47
NEWLOWS 807
NYSE Advances 1,463 2,259
NYSE Declines 1,838 1,028
MAXCP 16
MINCP 234
TTTNH 25
TTTNL 274
CPCROSSA 37
CPCROSSD 79
ACCUMVER 35
HIGHIP21 5
HIUPPCT 221
VHIP21 45
LOWACCUM 257
REDSELL 178
AUGSELS7 20
TRAPDOOR 45
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/24/22
Bullish = 4
Bearish = 44
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 .666 .666 .666 .666
UTILITY .684 .578 .5 .526 .526 .631
BEVERAGE .642 .5 .428 .428 .285 .642
OILGAS .628 .628 .561 .542 .552 .666
===============================================================================================
CHEM .5 .565 .5 .478 .521 .543
===============================================================================================
FOOD .489 .51 .51 .489 .489 .551
COMODITY .41 .435 .435 .41 .41 .461
INDMATER .388 .416 .347 .305 .333 .43
GUNS .384 .461 .384 .384 .461 .461
DJI-13 .307 .23 .153 .153 .307 .461
SP-100 .288 .244 .211 .2 .233 .366
FIDSTKS .272 .26 .195 .195 .201 .355
INFRA .272 .303 .181 .242 .181 .242
DOWJONES .266 .233 .166 .2 .266 .366
COMPUTER .25 .25 .2 .25 .25 .3
HACKERS .25 .25 .25 .25 .25 .25
INDEXES .237 .227 .205 .189 .194 .221
SP500 .235 .229 .183 .191 .209 .346
GAMING .21 .21 .157 .21 .105 .105
HOSPITAL .187 .187 .187 .187 .187 .25
RUS-1000 .182 .187 .162 .167 .164 .227
SOFTWARE .178 .196 .16 .16 .125 .178
REIT .176 .146 .146 .146 .161 .261
EDU .166 0 .166 0 .166 .166
CHINA .16 .16 .22 .22 .2 .2
REGBANKS .16 .04 .04 0 .04 .04
GREEN .157 .21 .21 .21 .157 .157
TRANSP .157 .263 .105 .21 .263 .421
ETFS .145 .109 .072 .036 .036 .018
NASD-100 .144 .206 .144 .134 .134 .278
LOWPRICE .137 .164 .15 .156 .145 .169
ELECTRON .127 .165 .12 .127 .15 .24
SEMI .126 .168 .115 .094 .126 .231
COPPER .125 .125 .125 .125 .125 .125
SOLAR .125 .125 .187 .187 .125 .125
INSURANC .12 .12 .08 .12 .16 .28
BIOTECH .119 .147 .136 .133 .103 .15
FINANCE .109 .097 .048 .06 .073 .109
HIGHPRIC .109 .113 .093 .089 .082 .152
AUTO .094 .132 .094 .207 .094 .245
NIFTY .086 .13 .065 .086 .108 .195
MILITARY .076 .076 0 .115 .153 .23
BONDFUND .022 .011 .011 .011 0 .022
GOLD .021 .021 .021 .021 .021 .021
RETAIL .021 .042 .042 .042 .042 .212
BIGBANKS 0 0 0 0 0 0
HOMEBLDG 0 0 0 .052 0 .105
JETS 0 .153 0 .153 .153 .153
MARIJUAN 0 0 0 0 0 .25
|
===================================================================================
Tuesday:
May 24: 5:43 AM PCT Futures DJI
-202 NASDAQ -190 Data
Used for 5/23/2022
| |
Peerless still has its Sell S9-S6 in charge. The falling trend in the
Closing Powers
shows that Professionals remain net bearish the DIA, SPY,
QQQ and NASDAQ.
The broader market also remains very weak. This
we can see in the
falling NYSE A/D Line, the 10:1 ratio of NYSE and NASDAQ
new lows to new
highs (Table 2) and the fact that 80% of all stocks and ETFs
are below the
support of their 65-dma.
Note that the
Closing Powers did turn up on Monday as the SP-500 started a
recovery up from
its key 20%-down-from-its highs level. Since 1990,
rebounds from
this level have produced 6 very tradeable recoveries, even
as bear markets
were seen in 2001-2003, 2008-2009 and in 2020. Nimble
traders might
want to play the market for a rally since the FED may
try to produce
one more good recovery to forestall a bear market in SPY
and DIA which
would likely now be triggered by an SP-500 drop below
3800.
But today's minus
200 DJI and NASDAQ Futures show us that once again
market
participants are using any rally to quickly sell into. One-day rallies
that quickly fail
demonstrate forcefully this urgency to sell and get out of the
market without
even waiting to see if there is a follow through. This behavior
can also bring a
very bearish Peerless Sell S6.
Monday's bounce
was also suspicious. Breadth was not as good as it
had been on the
two previous bounces that were quickly snuffed out. There
were 10x more new
lows than new highs. And the DJI's gains came
in part from
large multi-point gains in UNH and GS, two stocks that
the
"big-boys" like to run up when they want to make the market look stronger
than it really
is.
If you did buy
SPY, do not hold it if were to fall below 280. Hold short
a collection of
bearish MINCPs. |
|
| |
Charts - 5/23/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80523.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-23/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-23/BEARISH.htm |
|
 |
 |
A decline below 380 would take SP-500 below a point 20% its high.
That is likely to trigger many additional sell orders.
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/23/2022
Bullish = 1 - WEAT
Bearish = 1 - RETL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 318.84 6.42 327.1 -61.9% Bearish BLUE .044 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 11535.28 180.66 11984.52 -55.1% Bearish BLUE -.016 -.068 -.084
---------------------------------------------------------------------------------------------
SPY 396.92 7.29 408.32 -40% Bearish BLUE -.006 -.021 -.027
---------------------------------------------------------------------------------------------
QQQ 293.48 4.8 306.17 -84.1% Bearish BLUE -.05 -.061 -.111
---------------------------------------------------------------------------------------------
MDY 440.12 4.76 454 -11.8% Bearish BLUE .003 -.028 -.025
---------------------------------------------------------------------------------------------
IWM 178.21 2.13 182.64 27.8% Bearish BLUE -.061 -.06 -.121
---------------------------------------------------------------------------------------------
FAS 79.49 6.41 81.28 287.7% ------- BLUE .056 -.173 -.117
---------------------------------------------------------------------------------------------
RETL 9.25 -.04 13.27 -1459.1% Bearish RED -.011 -.447 -.458
---------------------------------------------------------------------------------------------
SOXL 20.63 .27 24.58 -171.8% ------- BLUE .052 -.294 -.242
---------------------------------------------------------------------------------------------
TECL 34.27 2.26 38.14 -124.9% Bearish BLUE .067 -.223 -.156
---------------------------------------------------------------------------------------------
IBB 116.44 .83 116.52 137.2% Bearish RED .001 -.001 0
---------------------------------------------------------------------------------------------
GLD 172.83 .8 169.33 71.2% ------- RED -.182 -.032 -.214
---------------------------------------------------------------------------------------------
OIL 18.65 .13 18.48 -78.5% ------- BLUE .129 .114 .243
---------------------------------------------------------------------------------------------
OIH 280.44 13.55 276.69 158.5% ------- BLUE .062 .01 .072
---------------------------------------------------------------------------------------------
CPER 26.25 .28 25.57 152.4% ------- BLUE .148 -.029 .119
---------------------------------------------------------------------------------------------
UUP 27.29 -.25 27.63 -103.1% Bullish RED -.107 .063 -.044
---------------------------------------------------------------------------------------------
CORN 29.23 .26 29.87 -127.5% Bearish ---- .217 .133 .35
---------------------------------------------------------------------------------------------
WEAT 11.9 .4 12.36 -100.4% Bullish BLUE .297 .184 .481 +++
---------------------------------------------------------------------------------------------
YINN 3.68 -.04 3.75 346.8% Bearish ---- -.009 -.03 -.039
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220523
-------------------------------
NEWHIGHS 66
NEWLOWS 360
Advances 2,259 1,535
Declines 1,028 1,730
MAXCP 15
MINCP 135
TTTNH 10
TTTNL 151
CPCROSSA 69
CPCROSSD 66
ACCUMVER 34
HIGHIP21 2
HIUPPCT 216
VHIP21 46
LOWACCUM 264
REDSELL 182
AUGSELS7 20
TRAPDOOR 5
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/23/22
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .666 .666 .666 .666 .5
OILGAS .628 .561 .542 .552 .666 .609
UTILITY .578 .5 .526 .526 .631 .5
CHEM .565 .5 .5 .5 .565 .456
FOOD .51 .51 .489 .489 .551 .51
BEVERAGE .5 .428 .428 .285 .642 .642
GUNS .461 .384 .384 .461 .461 .461
COMODITY .435 .435 .41 .41 .461 .41
INDMATER .416 .347 .305 .333 .43 .305
INFRA .303 .181 .242 .181 .242 .181
TRANSP .263 .105 .21 .263 .421 .157
FIDSTKS .26 .195 .195 .201 .355 .254
COMPUTER .25 .2 .25 .25 .3 .3
HACKERS .25 .25 .25 .25 .25 .25
SP-100 .244 .211 .2 .233 .366 .333
DOWJONES .233 .166 .2 .266 .366 .333
DJI-13 .23 .153 .153 .307 .461 .307
SP500 .229 .183 .191 .207 .348 .261
INDEXES .227 .205 .189 .194 .227 .205
GAMING .21 .157 .157 .157 .105 .105
GREEN .21 .21 .21 .157 .157 .157
NASD-100 .206 .144 .123 .134 .278 .164
SOFTWARE .196 .178 .16 .125 .178 .125
HOSPITAL .187 .187 .187 .187 .25 .187
RUS-1000 .187 .162 .167 .164 .225 .182
SEMI .168 .115 .094 .126 .221 .084
LOWPRICE .166 .148 .156 .145 .169 .153
ELECTRON .165 .12 .127 .15 .24 .112
CHINA .16 .22 .22 .2 .2 .14
JETS .153 0 .153 .153 .153 0
BIOTECH .147 .136 .133 .103 .153 .122
REIT .146 .138 .153 .161 .261 .161
AUTO .132 .094 .207 .094 .245 .188
NIFTY .13 .065 .065 .108 .195 .108
COPPER .125 .125 .125 .125 .125 .125
SOLAR .125 .187 .187 .125 .125 .062
INSURANC .12 .08 .12 .16 .28 .08
HIGHPRIC .113 .093 .089 .082 .152 .101
ETFS .109 .072 .036 .036 .036 0
FINANCE .097 .048 .06 .06 .109 .097
MILITARY .076 0 .115 .153 .23 .115
RETAIL .042 .042 .042 .042 .212 .212
REGBANKS .04 .04 0 .04 .04 0
GOLD .021 .021 .021 .021 .021 .021
BONDFUND .011 .011 .011 0 .022 .022
BIGBANKS 0 0 0 0 0 0
EDU 0 .166 0 .166 .166 .166
HOMEBLDG 0 0 .052 0 .105 .052
MARIJUAN 0 0 0 0 .25 0
|
===================================================================================
Monday: May 23:
4:45 AM PCT Futures DJI
+271 NASDAQ +81 Data Used for 5/20/2022
| |
Peerless
has been very bearish, especially for bonds and smaller stocks, but
experience
teaches us that the financial powers-that-be will do all they can
to hold up
the key indexes to prevent the deeper sell-off that is likely if the
DJI and
SP-500 should fall into "bear market territory'.
On Friday
the SP-500's low tagged its 20%-down-from-the-peak
level. Since at least 1990, this has been a critical level. An SPY decline
below
it led to a bear market in 2001, 2008 and 2020. There are 3 cases. But
very
good bounces or new bull markets also started almost exactly from
the
level 20% down from the SP-500's peak. We see this in 6 cases:
1990,
1998, March 2001 (SPY 20%+ bounce, DJI rally from 9300
to 11300 before 9/11 decline), March 2008 (DJI bounced from
11.700 to 13000), October 2011 (intermediate-term bottom) and
December 2017 (market bottoms when Powell reverses course.
See these SPY 20% declines and their reversals in the first shart section
below. My study of these cases, which use SPY not DJIA or DIA,
suggest that a turn up by SPY's Closing Power at this point would shift the
odds for a bounce instead of a further sell-off to 2:1. Bulls will need to see
the SPY show a good recovery tomorrw after the opening tomorrow. Traders
should buy SPY on this basis, but they also must be ready to quickly sell out if
it were to close clearly below 380.
Presently, our Peerless S9-S6, falling Closing Powers and negative
Accumulation Index reading call for caution. So, any turn up by
the Closing Power by SPY would have to be considered a rally
for traders at this point. But make no mistake about it, Powell and
the financial elite are very cognizant of how the SP-500 is at a
critical level. It was exactly at this point that Powell, in particular,
reversed course in interest rates on December 26, 2017.
We do see that the uptrend in 10-year rates has stopped rising
and even broke its uptrend. The FED may seek one more
set of inflation figures, before risking sending stocks into an
"official" bear market. Or, a rally could occur because Russia
chooses to end its costly war in Ukraine or there is a coup
against Putin. Or perhaps, President Biden and the Republicans
are approaching an agreement on a big new public works and
home-building program privided there are no new taxes on those
who made the most from the last two years' market gains.
Traders should believe the evidence of what happens after tomorrow's
open to SPY.
Recoveries by SPY from 20% down:
1990, 1998, 2001, 2008, 2011 and 2018
1990
1998
2001
2008
2011
2019
|
|
====================================================================================
Thursday: May 19: 5:45 AM PCT Futures DJI -257 NASDAQ +102 Data Used for 5/18/2022
| |
Groucho told
his broker in October 1929 "the jig is up."
Our Sell S9 - S6, falling
Closing Powers, Negative Accumulation and the
Rising Rates are our warnings
now.
Today's 1200 point decline
teaches us three things. Bad news in retail stocks
can set off an avalanche of
sell orders. What fate awaits other stocks
and blue chips if they should
not satisfy shareholders? Secondly, rallies
are short-lived because big
investors are too afraid to wait for more of a
rally. And third,
the FED's ability to prop up the market looks weaker
and weaker.
"Normal" Bear
markets in the DJIA typically last a year to three years. If you
play only the long side, even
trying to be a "nimble" trader, it's only
a matter of time before the
bear catches you. As Keynes said,
we can not remain liquid for
as long as irrational fears can last. Or,
as I have repeatedly said,
the bulls have had everything just as they
wanted for many years,
especially in the realm of low inflation, low
wages, rising profits,
friendly governments, falling interest rates. This
benign period that started in
August 1982 looks like it is coming to
an end.
Learn to trust our Peerless
signals supplemented with Closing Power trends.
And watch for breaks below
support far above the next support-level as
well as completed
head/shoulders pattern. See the DJI stocks below that look
like they are in the most
danger if their support-levels fail. |
|
| |
Charts - 5/18/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80518.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-18/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-18/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
| |
 |
 |
 |
| |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/18/2022
Bullish = 2 - CORN WEAT
Bearish = 4 - RETL, SOXL, TECL, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 315.55 -11.55 317.64 -45.2% Bearish RED -.064 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 11418.15 -566.37 11370.96 23.2% Bearish RED -.161 -.074 -.235
---------------------------------------------------------------------------------------------
SPY 391.86 -16.46 392.34 -11.2% Bearish RED -.103 -.025 -.128
---------------------------------------------------------------------------------------------
QQQ 291.14 -15.03 291.15 -11.7% Bearish RED -.159 -.066 -.225
---------------------------------------------------------------------------------------------
MDY 437.14 -16.86 432.35 101% Bearish RED -.099 -.018 -.117
---------------------------------------------------------------------------------------------
IWM 176.24 -6.4 172.6 160% Bearish RED -.16 -.062 -.222
---------------------------------------------------------------------------------------------
FAS 74.5 -6.78 73.32 27.6% Bearish RED -.062 -.178 -.24
---------------------------------------------------------------------------------------------
RETL 10 -3.27 11.74 -290.6% Bearish RED -.204 -.42 -.624
---------------------------------------------------------------------------------------------
SOXL 20.85 -3.73 19.41 397.2% Bearish RED -.085 -.297 -.382
---------------------------------------------------------------------------------------------
TECL 32.99 -5.15 32.83 -126.3% Bearish RED -.113 -.249 -.362
---------------------------------------------------------------------------------------------
IBB 113.56 -2.96 109.45 317.6% Bearish RED -.076 -.023 -.099
---------------------------------------------------------------------------------------------
GLD 169.42 .09 170.17 -99.8% ------- BLUE -.167 -.082 -.249
---------------------------------------------------------------------------------------------
OIL 18.07 -.41 18.34 -21.6% Bearish RED .042 .001 .043
---------------------------------------------------------------------------------------------
OIH 266.87 -9.82 250.77 291.6% ------- RED -.072 -.05 -.122
---------------------------------------------------------------------------------------------
CPER 25.07 -.5 24.73 -75.1% Bearish RED .071 -.098 -.027
---------------------------------------------------------------------------------------------
UUP 27.77 .14 28.05 -7.2% Bullish BLUE -.007 .082 .075
---------------------------------------------------------------------------------------------
CORN 29.16 -.71 29.62 -8.4% Bearish RED .15 .144 .294
---------------------------------------------------------------------------------------------
WEAT 12 -.36 11.58 300.8% Bullish RED .323 .114 .437
---------------------------------------------------------------------------------------------
YINN 3.44 -.31 3.04 598.8% Bearish RED -.192 -.274 -.466
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220518
-------------------------------
NEWHIGHS 41
NEWLOWS 692
Advances 547 2,485 1,032
Declines 2,768 845 2,372
MAXCP 8
MINCP 299
TTTNH 17
TTTNL 222
CPCROSSA 8
CPCROSSD 290
ACCUMVER 23
HIGHIP21 3
HIUPPCT 200
VHIP21 44
LOWACCUM 279
REDSELL 191
AUGSELS7 20
TRAPDOOR 94
|
Tabke 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/18/22
Bullish = 4
Bearish = 45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .666 .666 .5 .5 .5 .5
OILGAS .552 .666 .619 .504 .352 .409
UTILITY .526 .631 .5 .5 .447 .552
CHEM .521 .565 .478 .434 .413 .326
============================================================================================
FOOD .489 .551 .51 .489 .428 .408
GUNS .461 .461 .461 .23 .23 .153
COMODITY .41 .461 .41 .41 .358 .333
INDMATER .333 .43 .291 .277 .263 .236
DJI-13 .307 .461 .307 .307 .307 .23
BEVERAGE .285 .642 .642 .642 .642 .571
DOWJONES .266 .366 .333 .333 .333 .3
TRANSP .263 .421 .157 .21 .157 .157
COMPUTER .25 .3 .3 .3 .2 .1
HACKERS .25 .25 .25 .2 .2 .15
SP-100 .233 .366 .333 .277 .255 .233
SP500 .207 .346 .259 .249 .203 .205
FIDSTKS .201 .355 .26 .23 .201 .213
CHINA .2 .2 .14 .14 .12 .12
INDEXES .194 .227 .21 .194 .194 .194
HOSPITAL .187 .25 .187 .187 .125 .125
INFRA .181 .242 .181 .121 .09 .09
EDU .166 .166 .333 0 0 0
RUS-1000 .164 .225 .189 .177 .129 .141
REIT .161 .261 .176 .153 .115 .123
INSURANC .16 .28 .08 .08 .08 .08
GREEN .157 .157 .157 .157 .105 .105
JETS .153 .153 0 0 0 0
MILITARY .153 .23 .115 .076 .076 .153
ELECTRON .15 .24 .112 .135 .075 .09
LOWPRICE .145 .166 .156 .129 .116 .124
SOFTWARE .142 .196 .125 .107 .089 .071
SEMI .126 .221 .084 .094 .052 .052
COPPER .125 .125 .125 .125 .125 .125
SOLAR .125 .125 .062 .062 0 0
NASD-100 .123 .268 .164 .185 .123 .103
GAMING .105 .105 .105 .105 0 0
BIOTECH .103 .153 .122 .105 .08 .066
AUTO .094 .245 .188 .188 .113 .113
NIFTY .086 .173 .086 .108 .086 .108
HIGHPRIC .082 .152 .101 .109 .07 .066
FINANCE .06 .097 .085 .073 .06 .06
RETAIL .042 .212 .212 .212 .191 .17
REGBANKS .04 .04 0 .04 .04 .04
ETFS .036 .036 .018 .036 .036 .018
GOLD .021 .021 .021 .021 .021 .021
BIGBANKS 0 0 0 0 0 0
BONDFUND 0 .022 .022 .022 .022 .022
HOMEBLDG 0 .105 .052 .105 0 0
MARIJUAN 0 .25 0 .25 0 .25
|
====================================================================================
Wednesday: May 18: 5:45
AM PCT Futures DJI -163 NASDAQ -128 Data Used for 5/17/2022
| |
Does it seem to you that we've never
had a Fed Chairman who made
so many speeches or used every opportunity possible
to emphasize a
"soft landing"? Today his words
worked again and the DJI rose almost |
to its resistance at 33100, which marks the 10%
down-from-the-peak level
that had previously held up so well.
Today was unusual in that the DJI twice sold off and
each time bounced back.
It did this despite the 11% sell-off in retail giant
Walmart. Ordinarily, such a
blue chip drop would have spooked more investors.
But buyers from
somewhere quickly were found and 14 of the other
DJI-30 stocks rose
by more than 3 points. As a result, the
DJI got the appearance of
making a fine advance. Nor was the advance
limited to the DJI. There were
1640 more NYSE advancers than decliners today.
But we still have no Peerless Buy signal to tell us
that the DJI can rise
up much more. In addition, the Closing Power
21-day moving averages are
mostly declining. The minor uptrends in the key
ETFs (DIA, SPY, QQQ,
TECL) have almost allowed ralles by them back to the
resistance of
each's broken support levels. We will be
watching to see if Professionals
hold back their buying now.
And today (the 17th) brought a bearish "hanging
man" candle-stick in our
DIA chart below. So, now the market short-term
is pulling back.
Since volume was low on the advance, a re-test of the
lows would
seem to be in order.
The weakness in Bonds of all type continues.
Chairman Powell
can seek to prevent more than 1/2% rate hikes, but
next month
the FED is scheduled to start unloading its own
massive holding of bonds.
This and blue-chip Walmart's big decline today are on
the minds of
traders no matter what Powell may say.
We need a decline and re-test of the recent lows to
make buying
more appealing to anyone other than a nimble trader. |
|
| |
Charts - 5/17/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80517.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-17/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-17/BEARISH.htm |
|
===================================================================================
Tuesday: May 17: 5:30 Futures DJI +360 NASDAQ +231 Data Used for 5/16/2022
| |
Thirty
minutes ago the DJI futures were up more than 500. Now they are
slipping back. The DJI is
especially closely watched by traders at all times.
Quite often, this blue chip average
lives in its own little world. For example,
Last night's close saw only 36% of
its thirty stocks standing down more than
10% below their 13-month (269
trading day) peaks. By contrast, 73% of the
4000 A-Z stocks we track each
night, excuding negative ETFs, were down
more than 20% from their 13-month
peaks. The Wall St. Journal reported
yesterday's ratio of NYSE and
NASDAQ new lows to new highs was 10:1.
Day after day, our Bearish MINCP
candidatess have greatly outnumbered
most handfuls of bullish MAXCPs.
So, what the DJI does, may not have
much effect on typical stocks.
And what the DJI is doing right now
is it is rising in accordance alternatively
between higher closings and today a
much higher opening. Watch the Closing
Power to see reversals of a short
term trend down. And watch it to see
when Professionals no longer expect
to be able to make itg advance.
The DJI is much manipulated because
of the way it's highest priced
components are the most heavily
weighted. But it also can run higher
when one of more of its components
make breakout runs to new highs.
Watch today to see how yesterday's
breakouts, CVX and MRK do.
A reversal back down by either of
them would be bearish.
Another tectnical element is daily
trading volume. OBV is lagging
on this recovery. Usually, it
takes rising volume to eat up over-head supply.
This is a warning sign right now.
All in all, without a Peerless Buy
signal, this DJI advance must be
considered an oversold bounce.
However, the DJI's price formation
for the last year is one of a
broadening top. It is possible that the
DJI will advance higher since most
of the indexes sell orders will
tend to be near old highs and its
rising resistance line. However,
for such a big advance to develop,
I would expect FAS and the
big bank stocks to do much better.
It does not help them that Warren
Buffet has abandoned his Wells
Fargo shares.
Our best way to trade this rally is
by watching the Closing Powers
of whatever we are trading.
The FED seems to prefer to err now
on the side of allowing inflation
to continue rather than sharply raise
rates and risk a market collapse.
|
|
| |
Charts - 5/16/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJ-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80516.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
5/12 Bullish and Bearish
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-16/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-16/BEARISH.htm |
|
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Table 1 QUICKSILVER on ETFS - 5/12/2022
Bullish = 2 - CORN WEAT
Bearish = 5 - FAS, RETL, SOXL, TECL, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 322.78 .55 321.83 2.8% Bearish BLUE -.046 ----- -----
---------------------------------------------------------------------------------------------
COMPQX 11662.79 -142.21 11737.67 17.1% Bearish RED -.129 -.083 -.212
---------------------------------------------------------------------------------------------
SPY 400.09 -1.63 399.09 24.2% Bearish ---- -.069 -.034 -.103
---------------------------------------------------------------------------------------------
QQQ 298.44 -3.5 300.76 21.7% Bearish RED -.132 -.075 -.207
---------------------------------------------------------------------------------------------
MDY 441.16 -2.55 435.78 45.2% Bearish RED -.092 -.035 -.127
---------------------------------------------------------------------------------------------
IWM 177.22 -.85 174.95 66.6% Bearish RED -.154 -.067 -.221
---------------------------------------------------------------------------------------------
FAS 75.15 -1.8 76.68 -211.5% ------- RED -.041 -.265 -.306
---------------------------------------------------------------------------------------------
RETL 12.46 -.44 12.11 -128.7% Bearish RED -.086 -.328 -.414
---------------------------------------------------------------------------------------------
SOXL 21.37 -1.12 21.09 405% Bearish RED -.041 -.345 -.386
---------------------------------------------------------------------------------------------
TECL 35.12 -1.03 37.46 -106.4% Bearish RED -.094 -.289 -.383
---------------------------------------------------------------------------------------------
IBB 113.29 .15 110.14 274.9% Bearish BLUE -.098 -.035 -.133
---------------------------------------------------------------------------------------------
GLD 170.4 1.61 171.42 -72.4% Bearish BLUE -.201 -.032 -.233
---------------------------------------------------------------------------------------------
OIL 18.94 .26 17.4 309.8% ------- BLUE .068 .089 .157
---------------------------------------------------------------------------------------------
OIH 271.89 9.47 248.09 490.1% ------- BLUE -.042 .081 .039
---------------------------------------------------------------------------------------------
CPER 25.47 .22 25.23 2% ------- BLUE .142 -.107 .035
---------------------------------------------------------------------------------------------
UUP 27.86 -.11 27.78 25.1% ------- RED .057 .098 .155
---------------------------------------------------------------------------------------------
CORN 29.98 .67 28.56 307.1% ------- BLUE .226 .188 .414
---------------------------------------------------------------------------------------------
WEAT 12.14 .5 10.91 650.6% ------- BLUE .208 .162 .37
---------------------------------------------------------------------------------------------
YINN 3.43 -.01 3.04 790.3% Bearish ---- -.108 -.371 -.479
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220516
-------------------------------
NEWHIGHS 53
NEWLOWS 522
MAXCP 16
MINCP 93
TTTNH 19
TTTNL 54
CPCROSSA 37
CPCROSSD 49
ACCUMVER 17
HIGHIP21 5
HIUPPCT 184
VHIP21 45
LOWACCUM 251
REDSELL 177
AUGSELS7 23
TRAPDOOR 13
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/16/22
Bullish = 3
Bearish = 44
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BEVERAGE .642 .642 .642 .571 .571 .571
OILGAS .619 .504 .352 .409 .371 .371
FOOD .51 .489 .428 .428 .367 .408
==============================================================================================
COAL .5 .5 .5 .5 .5 .5
UTILITY .5 .5 .447 .552 .5 .578
==============================================================================================
CHEM .478 .456 .413 .326 .347 .369
GUNS .461 .23 .23 .153 .307 .307
COMODITY .41 .41 .358 .358 .307 .307
DOWJONES .333 .333 .333 .3 .266 .366
EDU .333 0 0 0 .166 .166
SP-100 .333 .277 .255 .233 .233 .3
DJI-13 .307 .307 .307 .23 .153 .384
COMPUTER .3 .3 .2 .1 .15 .15
INDMATER .291 .277 .263 .236 .208 .236
FIDSTKS .26 .23 .201 .213 .218 .236
SP500 .259 .249 .201 .205 .205 .231
HACKERS .25 .2 .2 .15 .2 .15
RETAIL .212 .212 .191 .17 .17 .212
INDEXES .21 .194 .194 .194 .189 .205
RUS-1000 .189 .177 .129 .146 .131 .162
AUTO .188 .188 .113 .113 .132 .15
HOSPITAL .187 .187 .125 .125 .125 .125
INFRA .181 .121 .09 .09 .09 .09
REIT .169 .153 .123 .123 .153 .153
NASD-100 .164 .175 .113 .103 .123 .113
GREEN .157 .157 .105 .105 .105 .052
TRANSP .157 .21 .157 .157 .21 .157
LOWPRICE .156 .126 .116 .129 .124 .124
SOFTWARE .142 .125 .089 .071 .071 .071
CHINA .14 .14 .12 .12 .12 .12
COPPER .125 .125 .125 .125 .125 .125
BIOTECH .122 .105 .08 .066 .086 .072
MILITARY .115 .076 .076 .153 .153 .192
ELECTRON .112 .135 .075 .097 .105 .105
GAMING .105 .052 0 .052 0 0
HIGHPRIC .101 .109 .07 .066 .089 .085
NIFTY .086 .086 .065 .108 .108 .108
FINANCE .085 .073 .048 .048 .06 .06
SEMI .084 .094 .052 .063 .063 .063
INSURANC .08 .08 .08 .08 .08 .08
SOLAR .062 .062 0 0 .062 .062
HOMEBLDG .052 .105 0 0 0 0
BONDFUND .022 .022 .022 .022 .011 .011
GOLD .021 .021 .021 .021 .021 .021
ETFS .018 .036 .036 .036 .036 .018
BIGBANKS 0 0 0 0 0 0
JETS 0 0 0 0 0 0
MARIJUAN 0 .25 0 .25 .25 .25
REGBANKS 0 .04 .04 .04 .04 .04
|
====================================================================================
Monday: May 16: 5:30
Futures DJI -28
NASDAQ -48 Data Used for 5/13/2022
| |
Peerless remains on
Sells. The NYSE A/D Line is falling and the ratio of
new lows to highs remain a bearish, 20:1.
A ratio of less then 10:1
would begins to predict a
worth-while rally.
Right now, we have to be worried that
another sharp pivot downward
will occur. Recall the Sell S6 on
May 5th that brought a DJI decline of
2300 DJI points by May 12th. The S6
on 5/5 was generated by the
following 2-day reversal statistics:
5/4/2022 2708 NYSE advances 613 NYSE declines, DJI rose 932
5/5/2023 396 NYSE advances 2997 NYSE declines, DJI fell 1063
Friday - 5/13/22 we saw:
2663 NYSE advances 695 NYSE declines, DJI rose 466
------------------------------------------------------------------------------
Another big reversal down tomorrow would
gives us another Sell S6.
The last time we saw a series of Sell S6s
in close proximity was just as the
bear market of 2020 turned down near its
top.
But the FED is very aware the dangers of
a bear market. Letting the SP-500
slip below its key 20%-down-from-its
peak-level, it knows, would be very risky.
Yes, inflation is high, so there is
alot of pressure on them by bond salesmen
and ordinay consumers to bring it
down quickly. But the FED also wants a
"smooth landing".
It wants to keep corporate profits up. If there was a lot
of wage inflation, the FED would be
much more ardent, I think we can guess,
in its deflationary mission.
Wage inflation is now relatively
low. Certainly, it is much less than
productivity and most big
corporations are passing on their costs quite
easily and their profits are
holding up very well. The SP-500 corporations
in the last quarter of 2021
reported profits were up +22%. 2022 Wages,
on the other hand, are rising at
just half of what prices are. Even strikes
are are up only 5% over last year.
Moreover, a big part of the inflation
now comes from rising food, oil and
gas prices. These are windfalls
that the FED actually has little
control over. Paul Volcker could not get
them under control until the Prime
Rate reached more than 20% in 1981.
Powell and his friends at the FED
would much rather place their faith on
Russia losing its war on Ukraine.
So, the FED is moving slowly to lift rates
even though inflation is well over
8%. With the FED virtually guaranteeing
much more inflation, growth stocks
and stocks with secure revenues
are bound to get buyers after each
leg down.
As a result, Professionals
started to buy "safer" big corporation stocks on Friday,
testing the belief that the
SP-500 Index may be bottoming out and
productive bases may soon be
built in stocks like AMZN, FB, GOOG,
and NVDA. That is why
their steep Closing Power downtrends were broken,
along with DIA's, SPY's and
QQQ's.
I conclude that we should
remain short our bearish MINCPs in deference to the
Peerless Sells, the bearish
breadth statistics and the inevitability of higher
interest rates.
But traders should look to buy AMZN, FB, GOOD and NVDA
near their recent lows of
last week provided Peerless does not give
another Sell S6.
If these stock do break decisively down this coming
week, we may have to
sell them at a small loss. |
|
| |
Charts - 5/13/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV DJI-TISI (new)
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80513.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
5/12 Bullish and Bearish
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-13/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-13/BEARISH.htm |
|
 |
==================================================================================
Friday 5/13 4:45 AM
PCT Futures:
DJI +228 NASDAQ+192 Data used thru 5/12/2022
| |
The
operative Peerless S9 and S6 tell us to expect more new lows. So do
the >15:1 ratio of
new lows to news highs, the falling NYSEA/D Line and
Closing Powers.
But the SP-500 is almost down to its key 20%-down-from-
the-peak level.
The powers-that-be will seek to prevent it from falling much further
for fear of the
additional selling that will bring.
For the most part, if
there is to be a rally in it now, it will come from only a few
of most of the
highest heavily weighted in the SP-500. One source of a recovery
in it and the DJI-30
would be in UNH, which is still well above its 200-day ma.
TSLA is at the support of its
previous lows. And BRKB is at its 200-dma support.
But MSFT has completed
a bearish H/S pattern, FB is very weak, GOOG and
AMZN recently
made more new lows. It is AAPL that we should watch most
closely. It is at
a declining weak support-line.
Can The FED Change Its Behavior?
A stockbroker named
Bibsy tells this story from late 1929. It seems that
that Bibsy had a
customer who was nearly always wrong about his stocks.
Even in the great bull
market of the 1920s, when he would buy, his stocks would
go down. And when
he sold, they would go straight up. Thus, it caught broker
Bibsy's attention when
late in September 1929 his reliably wrong customer told
him to sell all his
stocks and go heavily short. Bibsy took this as a sure sign it
was time to buy again.
So, he called up all his customers to buy all they could.
A month later, the
stock market crashed.
It was late in 1929
that Bibsy ran into his hitherto always wrong customer at a bar.
He immediately blurted
out "How did you know it was time to sell?" Bibsy's
customer replied,
"Well, you know... I was going to buy, but suddenly I realized
that I always seem to
be wrong. So this time I decided to do the opposite for
once and sell."
Perhaps, the Federal
Reserve is having a moment like Bibsy's customer. In the
past, time after time,
when Inflation reared its ugly head, the FED would shoot the
beast along with the
economy by sharply raising interest rates. The Producer
Price Index is now
rising at a 10%/year rate and the CPI is advancing at a
yearly clip of more
than 8.4%. Under normal circumstances, for example, in
1919-1920, 1959-1960,
1966, 1973-1974, 1981-1982 and 2000, the FED
would get out its
"wonder-gun" of higher rates and shoot the economy and the
market to kill
inflation. This time it seems to have learned something. It's being
extra careful. It's
ruling out more than 1/2% rate hikes, one at a time, and
promises to be
extremely careful to avoid a "rough landing" for the economy
(and the stock
market). Even the arch- hawk Governor Ballard from St.Louis
is pulling back from
demanding a 3/4% rate hike.
Thus, it is with the
SP-500 down 18% from its highs, the FED seems to
want to do all it can
to prevent that sacred index from falling into bear
market territory, as
would happen if it fell 21% below its highs. Did you notice,
no one is talking much
about how the FED can possibly start disposing
the $8 trillion dollars
worth of bonds on its balance sheet that it bought in the
last few years to shore
up the market. A modest start in this has been delayed
until June.
So, there could be a
rally in the SP-500 stocks. That is what the FED
seems to want.
See below our Power Ranking for the SP-500 stocks.
Presumably, the
leadership there will participate in any such revovery.
Let's study the
potential leaders there this weekend.
But remain bearish.
Note, the ratio of new lows to new highs remains about 15:1.
Any rally in the SP-500
will likely be limited and short-lived. Stay short some of
the many bearish
MINCPs. |
|
| |
Charts - 5/12/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80512.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors
5/12 Bullish and Bearish
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-12/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-12/BEARISH.htm |
|
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Bearish SP-500 Stocks 
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| |
Table 1 QUICKSILVER on ETFS - 5/12/2022
Bullish = 2 - CORN WEAT
Bearish = 8 - COMPQX, QQQ, IWM, FAS, RETL, SOXL, TECL, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 317.64 -.82 329.07 -194.2% Bearish BLUE -.072 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 11370.96 6.72 12144.66 -399.9% Bearish BLUE -.146 -.11 -.256
---------------------------------------------------------------------------------------------
SPY 392.34 -.41 411.34 -266.4% Bearish BLUE -.103 -.041 -.144
---------------------------------------------------------------------------------------------
QQQ 291.15 -.69 309.25 -361.3% Bearish BLUE -.159 -.098 -.257
---------------------------------------------------------------------------------------------
MDY 432.35 4.1 452.34 -295.1% Bearish BLUE -.118 -.052 -.17
---------------------------------------------------------------------------------------------
IWM 172.6 2 182.58 -367.7% Bearish BLUE -.174 -.092 -.266
---------------------------------------------------------------------------------------------
FAS 73.32 -.76 84.97 -855.1% ------- BLUE -.043 -.307 -.35
---------------------------------------------------------------------------------------------
RETL 11.74 1.03 14.17 -1364.3% ------- BLUE -.092 -.399 -.491
---------------------------------------------------------------------------------------------
SOXL 19.41 .26 23.35 -1067.1% Bearish BLUE -.065 -.453 -.518
---------------------------------------------------------------------------------------------
TECL 32.83 -1.05 40.54 -1162.9% Bearish BLUE -.126 -.365 -.491
---------------------------------------------------------------------------------------------
IBB 109.45 2.99 113.17 -356.7% Bearish BLUE -.13 -.069 -.199 improved
---------------------------------------------------------------------------------------------
GLD 170.17 -2.65 175.42 -142.9% Bearish RED -.192 .01 -.182
---------------------------------------------------------------------------------------------
OIL 18.34 .19 18.93 -60.5% ------- BLUE .06 .161 .221
---------------------------------------------------------------------------------------------
OIH 250.77 -.78 276.8 -439.4% Bearish BLUE -.036 .055 .019
---------------------------------------------------------------------------------------------
CPER 24.73 -.72 25.75 -240.5% ------- RED .107 -.069 .038
---------------------------------------------------------------------------------------------
UUP 28.05 .24 27.71 70.3% Bullish BLUE .051 .139 .19
---------------------------------------------------------------------------------------------
CORN 29.62 .41 28.93 36.4% Bullish BLUE .24 .236 .476
---------------------------------------------------------------------------------------------
WEAT 11.58 .29 11 273.4% ------- BLUE .074 .268 .342
---------------------------------------------------------------------------------------------
YINN 3.04 0 3.32 -953.7% Bearish ---- -.153 -.487 -.64
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220512
-------------------------------
NEWHIGHS 15
NEWLOWS 2746
Advances 1,714 1,032 395
Declines 1,679 2,372 2,933
MAXCP 7
MINCP 162
TTTNH 13
TTTNL 99
CPCROSSA 99
CPCROSSD 17
ACCUMVER 13
HIGHIP21 6
HIUPPCT 172
VHIP21 43
LOWACCUM 274
REDSELL 153
AUGSELS7 21
TRAPDOOR 7
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/12/22
1 bullish
47 bearish
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BEVERAGE .642 .571 .571 .5 .571 .571
==========================================================================================================
COAL .5 .5 .5 .5 .833 .666
----------------------------------------------------------------------------------------------------------
UTILITY .447 .552 .5 .578 .578 .5
FOOD .428 .428 .367 .408 .51 .489
CHEM .413 .347 .347 .391 .478 .5
COMODITY .358 .358 .307 .307 .435 .435
OILGAS .352 .409 .371 .38 .714 .714
DOWJONES .333 .3 .266 .366 .4 .333
DJI-13 .307 .23 .153 .384 .384 .307
INDMATER .263 .236 .208 .25 .361 .43
SP-100 .255 .233 .233 .288 .366 .355
GUNS .23 .153 .307 .307 .384 .384
FIDSTKS .201 .213 .218 .236 .349 .355
SP500 .201 .205 .203 .229 .305 .313
COMPUTER .2 .1 .15 .15 .2 .2
HACKERS .2 .15 .2 .15 .2 .2
INDEXES .194 .194 .189 .216 .259 .27
RETAIL .191 .17 .17 .212 .297 .404
TRANSP .157 .157 .21 .157 .368 .368
RUS-1000 .129 .146 .131 .159 .207 .245
COPPER .125 .125 .125 .125 .125 .125
HOSPITAL .125 .125 .125 .125 .125 .187
CHINA .12 .12 .12 .12 .14 .14
LOWPRICE .116 .126 .124 .121 .179 .201
REIT .115 .123 .161 .153 .215 .246
AUTO .113 .113 .132 .15 .169 .169
NASD-100 .113 .092 .113 .113 .195 .216
SOFTWARE .107 .071 .071 .071 .107 .089
GREEN .105 .105 .105 .052 .157 .21
INFRA .09 .09 .09 .09 .303 .303
BIOTECH .08 .066 .086 .075 .13 .155
INSURANC .08 .08 .08 .08 .2 .2
MILITARY .076 .153 .153 .192 .307 .384
ELECTRON .075 .097 .105 .105 .15 .195
HIGHPRIC .07 .066 .089 .089 .105 .125
NIFTY .065 .086 .086 .108 .13 .173
SEMI .052 .063 .063 .063 .115 .147
FINANCE .048 .048 .048 .048 .085 .097
REGBANKS .04 .04 .04 .08 .08 .08
ETFS .036 .036 .036 .036 .054 .036
BONDFUND .022 .022 .011 .011 .011 0
GOLD .021 .021 .021 .021 .065 .108
BIGBANKS 0 0 0 0 0 0
EDU 0 0 .166 .166 .5 .666
GAMING 0 0 0 .052 0 0
HOMEBLDG 0 0 0 0 .052 0
JETS 0 0 0 0 .153 .153
MARIJUAN 0 .25 .25 .25 .25 .25
SOLAR 0 0 .062 .062 .187 .375
|
===================================================================================
Thursday 5/12 5:47 AM
PCT Futures: DJI -215 NASDAQ -182 Data used thru
5/11/2022
| |
The 8.4 CPI number shocked the bulls and the DJI
lost 600-700 points in two
minutes, from where it had been moments before the figure was
released.
Where were the buyers? Liquidity is dangerously missing.
Why the
sell-off? The FED's "tightening" is having no
effect on Inflation yet.
The real issue is not the current level of interest rates.
The 10-year rates
are only about 3%. It is where interest rates need to go to
curb killer
inflation.
And every bit as important as this, traders are starting to
understant that
the FED can no longer support or "backstop" the market.
Thus the NASDAQ
is down 27% from its highs so far.
What will happen when the FED starts to unload its trillions of
dollars'
worth of government bonds and the mortgages it has bought?
There is no
telling how badly the market could be hit. Already, many
institutions are
selling their quality long-term tech holdings like AMAZON and now
MSFT
and AAPL, to try to become more liquid. Others are starting
to buy the
leverages negative (short) ETFs like LABD (biotechs) and SRTY
(Russell-2000).
And now the blue DJI-30 is breaking down.
This is not a pretty picture. Fortunately, we know to wait
for a Peerless Buy signal
and we know to wait even then until the downtrending Closing
Powers and the
NYSE A/D Line breaks its downtrend. It took years and
thousands of points
for the FED to create this "perfect storm".
Almost no one the in the mainstream
Press or any of the political parties dares point out the central
role of the FED
in creating this inflationary bubble. It will likely take
that much longer time to deflate
the bubble.
I hope some of you have understood how dangerous our situation
is. The FED
cannot hold the market up any more. It must fight
inflation. And all the tools
of trading given the computerized "go-go" boys will
start to be used against the
market instead of for it. There is very little that
should be owned in my opinion.
There is much more money to be made now holding some bearish
MINCPs
and "longs" like SRTY and LABD. (See the bullish
MAXCPS tonight for
ideas ob the negative leveraged ETFS). Just consider
what it means that
20 times more stocks are making new lows than new highs.
This pattern is
not changing. It is not giving us any oversold bounces.
|
|
| |
Charts - 5/11/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80511.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors
5/11 Bullish and Bearish
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-11/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-11/BEARISH.htm |
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Table 1 QUICKSILVER on ETFS - 5/11/2022
Bullish = 2 - CORN WEAT
Bearish = 9 - COMPQX, QQQ, IWM, FAS, RETL, SOXL, IBB, TECL, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 318.46 -3.37 330.24 -336.5% Bearish RED -.115 0 -.115
---------------------------------------------------------------------------------------------
COMPQX 11364.24 -373.43 12317.69 -658.3% Bearish RED -.192 -.116 -.308
---------------------------------------------------------------------------------------------
SPY 392.75 -6.34 413.81 -442.5% Bearish RED -.146 -.042 -.188
---------------------------------------------------------------------------------------------
QQQ 291.84 -8.92 313 -609.1% Bearish RED -.197 -.101 -.298
---------------------------------------------------------------------------------------------
MDY 428.25 -7.53 458.46 -529.8% Bearish RED -.172 -.057 -.229
---------------------------------------------------------------------------------------------
IWM 170.6 -4.35 185.67 -628.6% Bearish RED -.233 -.101 -.334
---------------------------------------------------------------------------------------------
FAS 74.08 -2.6 87.04 -1256.6% Bearish RED -.091 -.268 -.359
---------------------------------------------------------------------------------------------
RETL 10.71 -1.4 15.29 -2457% Bearish RED -.154 -.412 -.566
---------------------------------------------------------------------------------------------
SOXL 19.15 -1.94 23.99 -1908.8% Bearish RED -.133 -.432 -.565
---------------------------------------------------------------------------------------------
TECL 33.88 -3.58 41.64 -1795% Bearish RED -.167 -.327 -.494
---------------------------------------------------------------------------------------------
IBB 106.46 -3.68 117.36 -675.7% Bearish RED -.217 -.107 -.324
---------------------------------------------------------------------------------------------
GLD 172.82 1.4 175.13 -85.6% Bearish BLUE -.15 -.004 -.154
---------------------------------------------------------------------------------------------
OIL 18.15 .75 18.56 -104.1% Bearish BLUE .018 .16 .178
---------------------------------------------------------------------------------------------
OIH 251.55 3.46 273.57 -607.4% Bearish RED -.099 .087 -.012
---------------------------------------------------------------------------------------------
CPER 25.45 .22 25.96 -203.6% Bearish RED .142 -.041 .101
---------------------------------------------------------------------------------------------
UUP 27.81 .03 27.66 68.7% Bullish BLUE .021 .11 .131
---------------------------------------------------------------------------------------------
CORN 29.21 .65 29.41 -15.6% ------- BLUE .225 .184 .409
---------------------------------------------------------------------------------------------
WEAT 11.29 .38 10.98 248.5% ------- BLUE .036 .244 .28
---------------------------------------------------------------------------------------------
YINN 3.04 0 3.65 -1839.5% Bearish RED -.198 -.515 -.713
---------------------------------------------------------------------------------------------
|
TABLE 2 Count of Stocks in Key Directories
20220511
-------------------------------
NEWHIGHS 29
NEWLOWS 2934
Advances 1,032 1,413 2,708
Declines 2,372 1,957 613
MAXCP 11
MINCP 593
TTTNH 26
TTTNL 258
CPCROSSA 14
CPCROSSD 91
ACCUMVER 9
HIGHIP21 6
HIUPPCT 166
VHIP21 43
LOWACCUM 260
REDSELL 141
AUGSELS7 20
TRAPDOOR 81
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/11/22
Bullish = 2
bearish = 46
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BEVERAGE .571 .571 .5 .571 .571 .714
UTILITY .552 .5 .578 .578 .526 .552
--------------------------------------------------------------------------------------------
COAL .5 .5 .5 .833 .833 1
--------------------------------------------------------------------------------------------
FOOD .428 .367 .408 .51 .489 .591
OILGAS .409 .371 .38 .714 .714 .8
COMODITY .358 .307 .307 .435 .435 .538
CHEM .347 .347 .413 .456 .521 .63
DOWJONES .3 .266 .366 .4 .333 .433
MARIJUAN .25 .25 .25 .25 .25 .25
INDMATER .236 .208 .25 .361 .458 .625
SP-100 .233 .233 .288 .366 .355 .433
DJI-13 .23 .153 .384 .384 .307 .461
FIDSTKS .213 .218 .236 .349 .355 .455
SP500 .205 .203 .229 .303 .319 .45
INDEXES .194 .189 .216 .259 .275 .318
RETAIL .17 .17 .212 .297 .404 .553
TRANSP .157 .21 .157 .368 .368 .526
GUNS .153 .307 .307 .384 .384 .461
MILITARY .153 .153 .192 .307 .423 .538
HACKERS .15 .2 .15 .2 .2 .3
RUS-1000 .146 .131 .159 .207 .24 .341
LOWPRICE .129 .121 .121 .179 .201 .24
COPPER .125 .125 .125 .125 .125 .125
HOSPITAL .125 .125 .125 .125 .187 .312
REIT .123 .153 .161 .215 .238 .353
CHINA .12 .12 .12 .14 .14 .2
AUTO .113 .132 .15 .169 .169 .301
GREEN .105 .105 .052 .157 .21 .263
COMPUTER .1 .15 .15 .2 .2 .25
ELECTRON .097 .105 .105 .15 .195 .353
NASD-100 .092 .113 .103 .195 .206 .371
INFRA .09 .09 .09 .303 .333 .545
NIFTY .086 .086 .086 .13 .173 .326
INSURANC .08 .08 .08 .2 .24 .36
SOFTWARE .071 .071 .071 .107 .089 .16
BIOTECH .066 .086 .075 .13 .153 .203
HIGHPRIC .066 .089 .089 .105 .125 .23
SEMI .063 .063 .063 .115 .147 .294
FINANCE .048 .048 .048 .073 .097 .182
REGBANKS .04 .04 .08 .08 .08 .16
ETFS .036 .036 .036 .054 .054 .072
BONDFUND .022 .011 .011 .011 0 .011
GOLD .021 .021 .021 .065 .108 .13
BIGBANKS 0 0 0 0 0 0
EDU 0 .166 .166 .5 .666 .666
GAMING 0 0 0 .052 0 .105
HOMEBLDG 0 0 0 .052 0 .421
JETS 0 0 0 .153 .153 .23
SOLAR 0 .062 .062 .187 .375 .5
|
===================================================================================
Wednesday 5/11 5:20 AM
PCT Futures:
DJI +314 NASDAQ +168 Data used thru 5/10/2022
| |
A seemingly very fine pre-market rally is shaping
up. Unfortunately,
most of these opening jumps have quickly failed recently. Instead
of
chasing and buying on strength, it will probably turn out better to
have
been heavy buyers on strength after early weakness.
Today's early strength is based on the bulls hoping that the CPI
inflation
numbers to be released in a few minutes will drop sharply from 8
.1%
because gasoline prices have recently retreated. That seems
reasonable
if it causes the FED to back away from several more 1/2%
increases
in interest rates this year.
The market is certainly "oversold". But the price
and Closing Power trends
are still down-pointing for the NASDAQ, NYSE, DJI-30, OEX,
SP-500,
QQQ, SOXL, TECL, IBB, foreign ETFs and most other US indexes
apart from Crude Oil, oil/gas stocks, food commodites and
defensive
issues like utilities, soups, beverages, candy and tobacco.
Breadth (the >15:1 ratio of new lows to new highs and the
steeply
falling NYSE A/D line) remains quite bearish. This
trumps any OBV bullish
divergence on the DJI. Until the blue chip DJI finally
sells off, the panic
is probably not over. The DJI needs to fall 19% down from
its peak,
at the least, in my opinion. That would take it to the
psychological support
of 30,000..
That Peerless came close to a fourth Sell S9 and we recently got
a
very bearish Sell S6. This suggests to me that any rally
should be
short-lived. So, stay short the bearish MINCPs and long
very little
except negative leveraged ETFs like SRTY and LABD. Any drop
in
interest rates should be used to short more Treasuries or buy
their
negative-inverted ETFs.
The CPI inflation just came in at 8.4%. This is not good.
Higher
rates and lower stock prices must be expected. |
|
| |
Charts - 5/10/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80510.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors
5/10 Bullish and Bearish
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-10/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-10/BEARISH.htm |
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Table 1 QUICKSILVER on ETFS - 5/10/2022
Bullish = 2 - CORN WEAT
Bearish = 9 - COMPQX, QQQ, IWM, FAS, RETL, SOXL, IBB, TECL, YINN
(RSX dropped. COMPQX added.)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 321.83 -.77 340.59 -142.4% Bearish RED -.084 --- ------
---------------------------------------------------------------------------------------------
COMPQX 11737.67 114.42 12964.86 -335.2% Bearish RED -.184 -.095 -.279
---------------------------------------------------------------------------------------------
SPY 399.09 .92 429.06 -208.9% Bearish RED -.128 -.034 -.162
---------------------------------------------------------------------------------------------
QQQ 300.76 3.61 329.6 -288% Bearish RED -.17 -.081 -.251
---------------------------------------------------------------------------------------------
MDY 435.78 -1.44 476.14 -298.4% Bearish RED -.157 -.051 -.208
---------------------------------------------------------------------------------------------
IWM 174.95 .05 193.52 -365.9% Bearish RED -.189 -.088 -.277
---------------------------------------------------------------------------------------------
FAS 76.68 -1.68 95.31 -624.5% Bearish RED -.073 -.313 -.386
---------------------------------------------------------------------------------------------
RETL 12.11 -.66 17.8 -1418.7% Bearish RED -.092 -.38 -.472
---------------------------------------------------------------------------------------------
SOXL 21.09 1.37 28.02 -836.2% Bearish RED -.119 -.434 -.553
---------------------------------------------------------------------------------------------
TECL 37.46 1.59 48.53 -769.5% Bearish RED -.137 -.295 -.432
---------------------------------------------------------------------------------------------
IBB 110.14 2.86 121.86 -401.5% Bearish ---- -.196 -.075 -.271
---------------------------------------------------------------------------------------------
GLD 171.42 -1.46 175.8 -76.4% Bearish RED -.148 .013 -.135
---------------------------------------------------------------------------------------------
OIL 17.4 -.42 18.53 -111.8% ------- RED .049 .151 .2
---------------------------------------------------------------------------------------------
OIH 248.09 .9 283.85 -427.3% Bearish RED -.095 .051 -.044
---------------------------------------------------------------------------------------------
CPER 25.23 -.23 26.5 -136.9% Bearish RED -.027 -.028 -.055
---------------------------------------------------------------------------------------------
UUP 27.78 .06 27.43 21.7% Bullish BLUE -.01 .125 .115
---------------------------------------------------------------------------------------------
CORN 28.56 .36 29.3 -125.7% ------- BLUE .161 .214 .375
---------------------------------------------------------------------------------------------
WEAT 10.91 .23 10.75 194.8% Bearish ---- -.021 .286 .265
---------------------------------------------------------------------------------------------
YINN 3.04 .1 4.31 -1637.8% Bearish RED -.158 -.51 -.668
---------------------------------------------------------------------------------------------
|
Table 2 Count of Stocks in Key Directories
20220510
-------------------------------
NEWHIGHS 27
NEWLOWS 2286
MAXCP 12
MINCP 593
TTTNH 23
TTTNL 465
CPCROSSA 16
CPCROSSD 129
ACCUMVER 6
HIGHIP21 6
HIUPPCT 160
VHIP21 43
LOWACCUM 267
REDSELL 110
AUGSELS7 18
TRAPDOOR 24
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/10/22
Bullish = 1
Bearish = 46
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BEVERAGE .571 .5 .571 .571 .714 .571
==============================================================================================
COAL .5 .5 .833 .833 1 .833
UTILITY .5 .578 .578 .526 .552 .5
==============================================================================================
OILGAS .371 .38 .714 .714 .8 .647
FOOD .367 .408 .51 .489 .591 .53
CHEM .347 .413 .478 .5 .652 .478
COMODITY .307 .307 .435 .435 .538 .461
GUNS .307 .307 .384 .384 .461 .384
DOWJONES .266 .366 .4 .333 .433 .333
MARIJUAN .25 .25 .25 .25 .25 .25
SP-100 .233 .288 .366 .355 .433 .311
FIDSTKS .218 .236 .349 .355 .449 .301
TRANSP .21 .157 .368 .368 .526 .315
INDMATER .208 .25 .361 .458 .625 .5
SP500 .203 .229 .303 .317 .452 .303
HACKERS .2 .15 .2 .2 .3 .25
INDEXES .189 .216 .259 .275 .313 .248
RETAIL .17 .212 .297 .404 .553 .382
EDU .166 .166 .5 .666 .666 .666
DJI-13 .153 .384 .384 .307 .461 .23
MILITARY .153 .192 .307 .423 .538 .346
REIT .153 .153 .223 .238 .353 .253
COMPUTER .15 .15 .2 .2 .25 .2
AUTO .132 .15 .169 .169 .301 .188
RUS-1000 .131 .159 .207 .24 .341 .248
COPPER .125 .125 .125 .125 .125 .125
HOSPITAL .125 .125 .125 .187 .312 .25
LOWPRICE .124 .119 .179 .201 .24 .208
CHINA .12 .12 .14 .14 .2 .14
NASD-100 .113 .103 .185 .206 .36 .226
ELECTRON .105 .105 .15 .195 .353 .18
GREEN .105 .052 .157 .21 .263 .21
INFRA .09 .09 .303 .333 .545 .333
HIGHPRIC .089 .089 .105 .125 .218 .121
BIOTECH .086 .075 .13 .153 .203 .183
NIFTY .086 .086 .108 .173 .326 .152
INSURANC .08 .08 .2 .24 .36 .12
SOFTWARE .071 .071 .107 .089 .16 .089
SEMI .063 .063 .115 .147 .294 .126
SOLAR .062 .062 .187 .375 .5 .25
FINANCE .048 .048 .073 .085 .182 .134
REGBANKS .04 .08 .08 .08 .16 .08
ETFS .036 .036 .054 .054 .09 .036
GOLD .021 .021 .065 .108 .152 .13
BONDFUND .011 .011 .011 0 .011 0
BIGBANKS 0 0 0 0 0 0
GAMING 0 0 0 .052 .105 .052
HOMEBLDG 0 0 .052 0 .315 .052
JETS 0 0 .153 .153 .23 .23
|
===================================================================================
Tuesday: 4:00 Futures: DJI +280 NASDAQ +250 Data used thru
5/9/2022
| |
Trust the un-reversed Sell S9 - Sell S6.
In a bear market, fear builds over the weekend and usually spills
over to
Monday. That was true today. There were a whopping
2773 new lows
on the NYSE and NASDAQ. On the NYSE there were 3033
declines
and on the NASDAQ where were 4,177. As 8600 stocks traded
there,
it still could have been worse. But a temporary
"oversold" condition has
been created and somehow the "Blue Chips" avoided
falling below the
support of their yearly lows.
What gave a little hope to the market was first, the sell-off in
Crude
Oil and Commodities. If Crude Oil were to continue to fall,
the inflation
numbers might not worsen, the optimists chose to believe.
Thus it was,
that bonds stopped falling for a day and interest rates paused in
their
steady march upwards.
President Biden is fearful that his poll numbers will drop even
more when
the CPI numbers come out in two days. So, he is expected to
give a
speech about what he plans to do about Inflation. He is
expected to
blame President Trump's tariffs on China and big oil monopolies.
Since
he reappointed Fed Chairman Powell and a year ago dismissed the
whole
idea of serious inflation, we should expect him to support rather
than
criticize the Federal Reserve. No one that I know really
expects Biden
to have the answers, but the market is oversold and it seems to
want to
give him a respectful nod for taking up a serious subject.
Of course, a bounce on "Turnaround Tuesday" will do
little to repair all the
technical damage, namely the clear-cut breadowns by the NASDAQ,
SP-500, QQQ, SOXL, TECL, IWM and IBB, much less bring about
down-trend breaks in their Closing Powers. So I would
remain short
a basket of our bearish MINCPs and hold long the strongest of the
bearish-negative, leveraged ETFs like SRTY and LABD.
Treasury shorts
may be a little weak for a day or two, but they will probably
surge again.
The discrepancy between their yields and the rate of inflation is
just too
great. Oil stocks will need to rebuld zones of higher-up
support before
rallying again.
I have to hold the view that much bigger gains will be made being
short
than being long. The DJI's strength, such as it is,
is entirely contrived
and meant to mislead. The ratio of new lows to highs was
over 20:1
today. That is the stark reality that is not being
discussed. Thus,
Peerless has not given a Buy signal and the Closing Powers are
all
still falling. It is very unlikely that we have seen the
"bottom". |
|
| |
Charts - 5/9/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80509.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors
5/9 Bullish and Bearish
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-09/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-09/BEARISH.htm
|
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New Lows Abound Elsewhere in Major ETFS |
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In a bear market, even commdities and crude OIL eventually fall. |
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Table 1 QUICKSILVER on ETFS - 5/9/2022
Bullish = 3 - OIL, CORN WEAT
Bearish = 9 - COMPQX, QQQ, IWM, FAS, RETL, SOXL, IBB, TECL, YINN
(RSX dropped. COMPQX added.)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 322.6 -6.47 331.25 -122.5% Bearish RED -.059 ----- ------
---------------------------------------------------------------------------------------------
COMPQX 11623.25 -521.41 12563.76 -365% Bearish RED -.183 -.099 -.282
---------------------------------------------------------------------------------------------
SPY 398.17 -13.17 416.38 -195.6% Bearish RED -.127 -.038 -.165
---------------------------------------------------------------------------------------------
QQQ 297.15 -12.1 318.82 -335.6% Bearish RED -.193 -.088 -.281
---------------------------------------------------------------------------------------------
MDY 437.22 -15.12 463.08 -232.3% Bearish RED -.165 -.047 -.212
---------------------------------------------------------------------------------------------
IWM 174.9 -7.68 188.49 -319.9% Bearish RED -.22 -.084 -.304
---------------------------------------------------------------------------------------------
FAS 78.36 -6.61 87.5 -322.4% Bearish RED -.054 -.319 -.373
---------------------------------------------------------------------------------------------
RETL 12.77 -1.4 16.45 -1088% Bearish RED -.065 -.351 -.416
---------------------------------------------------------------------------------------------
SOXL 19.72 -3.63 25.11 -956.2% Bearish RED -.176 -.475 -.651
---------------------------------------------------------------------------------------------
TECL 35.87 -4.67 43.94 -907.5% Bearish RED -.157 -.325 -.482
---------------------------------------------------------------------------------------------
IBB 107.28 -5.89 119.44 -469.3% Bearish RED -.237 -.098 -.335
---------------------------------------------------------------------------------------------
GLD 172.88 -2.54 174.09 -21.5% Bearish RED -.079 .032 -.047
---------------------------------------------------------------------------------------------
OIL 17.82 -1.11 17.81 -68% ------- RED .154 .186 .34
---------------------------------------------------------------------------------------------
OIH 247.19 -29.61 271.21 -303.5% Bearish RED -.049 .072 .023
---------------------------------------------------------------------------------------------
CPER 25.46 -.29 25.94 -84.6% Bearish BLUE -.145 -.019 -.164
---------------------------------------------------------------------------------------------
UUP 27.72 .01 27.66 1.8% ------- ---- -.095 .125 .03
---------------------------------------------------------------------------------------------
CORN 28.2 -.73 29.29 -243.9% ------- RED .164 .259 .423
---------------------------------------------------------------------------------------------
WEAT 10.68 -.32 10.49 69.8% Bearish RED .029 .37 .399
---------------------------------------------------------------------------------------------
YINN 2.94 -.38 4.25 -1465.3% Bearish RED -.171 -.537 -.708
|
Table 2 Count of Stocks in Key Directories
20220509
-------------------------------
NEWHIGHS 35
NEWLOWS 2773 (extreme number)
Advances 407 1,005 1,428
Declines 3,033 2,297 1,898
MAXCP 13
MINCP 506
TTTNH 24
TTTNL 387
CPCROSSA 47
CPCROSSD 159
ACCUMVER 2
HIGHIP21 6
HIUPPCT 150
VHIP21 44
LOWACCUM 268
REDSELL 113
AUGSELS7 16
TRAPDOOR 270
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/9/22
Bullish = 1
Bearish = 46
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
UTILITY .578 .578 .526 .552 .5 .447
======================================================================================================
BEVERAGE .5 .571 .571 .714 .571 .428
COAL .5 .833 .833 1 .833 .666
======================================================================================================
CHEM .413 .478 .521 .63 .5 .456
FOOD .408 .51 .489 .591 .53 .51
DJI-13 .384 .384 .307 .461 .23 .307
OILGAS .38 .714 .714 .8 .657 .504
DOWJONES .366 .4 .333 .433 .333 .366
COMODITY .307 .435 .435 .538 .461 .435
GUNS .307 .384 .384 .461 .384 .307
SP-100 .288 .366 .355 .433 .311 .277
INDMATER .25 .361 .458 .625 .513 .416
MARIJUAN .25 .25 .25 .25 .25 .25
FIDSTKS .236 .349 .355 .449 .301 .301
SP500 .229 .303 .317 .45 .301 .265
INDEXES .216 .259 .275 .313 .248 .227
RETAIL .212 .297 .404 .553 .382 .404
MILITARY .192 .307 .423 .538 .346 .346
EDU .166 .5 .666 .666 .666 .666
TRANSP .157 .368 .368 .526 .315 .263
RUS-1000 .156 .205 .237 .339 .248 .227
REIT .153 .215 .246 .353 .261 .215
AUTO .15 .169 .169 .301 .188 .207
COMPUTER .15 .2 .2 .25 .2 .2
HACKERS .15 .2 .2 .3 .25 .35
COPPER .125 .125 .125 .125 .125 .125
HOSPITAL .125 .125 .187 .312 .25 .187
LOWPRICE .121 .177 .201 .24 .208 .193
CHINA .12 .14 .14 .2 .14 .12
ELECTRON .105 .15 .195 .353 .18 .135
NASD-100 .103 .185 .195 .36 .226 .195
INFRA .09 .303 .333 .545 .333 .212
HIGHPRIC .089 .105 .125 .218 .121 .117
NIFTY .086 .108 .152 .326 .152 .13
INSURANC .08 .2 .24 .36 .12 .08
REGBANKS .08 .08 .08 .16 .08 .08
BIOTECH .075 .13 .153 .203 .186 .178
SOFTWARE .071 .107 .089 .16 .089 .16
SEMI .063 .115 .147 .294 .126 .084
SOLAR .062 .187 .375 .5 .25 .062
GREEN .052 .157 .21 .263 .21 .21
FINANCE .048 .073 .085 .17 .121 .085
ETFS .036 .054 .054 .09 .054 .036
GOLD .021 .065 .108 .152 .13 .086
BONDFUND .011 .011 0 .011 0 .011
BIGBANKS 0 0 0 0 0 0
GAMING 0 0 0 .157 .052 0
HOMEBLDG 0 .052 0 .315 .052 .052
JETS 0 .153 .153 .23 .23 .23
|
===================================================================================
Monday: 5:00 Futures: DJI -519
NASDAQ -302 Data used thru
5/6/2022
| |
A Perfect Storm - "perfect, if you are a short-seller."
The Sell S9-S6 is a dangerous combination. The public is
starting to panic
and Professional bargain-hunters are nowhere to be found.
We see this
statistically in the 1701 new lows recorded on the NYSE and
NASDAQ
on Friday and we see it in how far the bearish MINCP stocks fell
upon
breaking price-support last week.
Fear that the CPI inflation numbers are worsening will be used
this week
to justify the selling, but the real reason for the breakdowns
and impending
avalanche is that investor's raw fear is growing and growing.
Whereas
in 2021 professionals could count on the public chasing a rising
market,
now they know the opposite is true. Each day's decline now
brings another
wave of selling and margin calls. What the FED, NYSE and
SEC encouraged
in the way of leveaged ETFs, cheap money and massive margin debt
is now
going to be turned against invesors. A "perfect
storm" is setting up.
At this stage, even the blue-chips in the DJI are not safe.
It seems bound to
fall to the key level, 20% down drom its high. The NASDAQ,
for its part,
is already down more than 20% from its year's highs. This
is officially bear
market territory.
Semi-conductors are trying to hold up, but Biotechs broke down
badly on
Friday. In the best of times, they are highly risky.
In the worst, they plunge
because their speculators disppear or need to raise cash.
At this point,
the leveraged negative short ETF on the group, LABD,
looks like a very
appealing speculation. See the chart below.
As expected, it was only a matter of time until Professionals
stopped using
cheap money to buy the leveraged ETFs to drive up index prices
and thier
underlying stocks and switch to buying the leading NEGATIVE
leveraged
ETFs. As LABD goes, so will go SRTY, the
negative leveraged on the
Russell-2000. Smaller companies initially suffer the most
when tight money
and a recession comes. (I remember reading that in Paul
Samuelson's
ECON-1 economics' text book 50 years ago. Is that still
taught? It should
be.)
|
|
| |
Charts - 5/6/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80506.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-06/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-06/BEARISH.htm |
|
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Leveraged ETFS that breakout above a series of
tops often advance very quickly. |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/6/2022
Bullish = 3 - OIL, CORN WEAT
Bearish = 6 - RETL, SOXL, TECL, IBB, YINN RSX
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 329.07 -1.17 330.74 -9.3% Bearish BLUE -.01 ----- ------
---------------------------------------------------------------------------------------------
SPY 411.34 -2.47 414.48 -7.9% Bearish BLUE -.068 -.03 -.098
---------------------------------------------------------------------------------------------
QQQ 309.25 -3.75 318.48 -62.8% Bearish RED -.135 -.082 -.217
---------------------------------------------------------------------------------------------
MDY 452.34 -6.12 458.67 -37.7% Bearish RED -.115 -.032 -.147
---------------------------------------------------------------------------------------------
IWM 182.58 -3.09 186.89 -63.1% Bearish RED -.154 -.068 -.222
---------------------------------------------------------------------------------------------
FAS 84.97 -2.07 84.02 100.7% Bearish RED .015 -.247 -.232
---------------------------------------------------------------------------------------------
RETL 14.17 -1.12 16.25 -226.2% Bearish RED -.02 -.294 -.314
---------------------------------------------------------------------------------------------
SOXL 23.35 -.64 24.5 224% Bearish BLUE -.117 -.406 -.523
---------------------------------------------------------------------------------------------
TECL 40.54 -1.1 43.8 -152.4% Bearish BLUE -.105 -.257 -.362
---------------------------------------------------------------------------------------------
IBB 113.17 -4.19 118.36 -146.5% Bearish RED -.171 -.082 -.253
---------------------------------------------------------------------------------------------
GLD 175.42 .29 173.63 -42.5% ------- ---- -.034 0 -.034
---------------------------------------------------------------------------------------------
OIL 18.93 .37 18.07 314% Bullish BLUE .291 .207 .498
---------------------------------------------------------------------------------------------
OIH 276.8 3.23 263.81 240.4% Bearish RED .032 .178 .21
---------------------------------------------------------------------------------------------
CPER 25.75 -.21 25.9 -133.8% ------- RED -.167 -.052 -.219
---------------------------------------------------------------------------------------------
UUP 27.71 .05 27.71 25.4% Bullish BLUE -.085 .077 -.008
---------------------------------------------------------------------------------------------
CORN 28.93 -.48 29.63 -177.8% ------- RED .24 .191 .431
---------------------------------------------------------------------------------------------
WEAT 11 .02 10.53 272.7% Bearish ---- .077 .256 .333
---------------------------------------------------------------------------------------------
YINN 3.32 -.33 4.09 -873.1% Bearish RED -.132 -.52 -.652
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.132 -.623 -.755
|
Table 2 Count of Stocks in Key Directories
20220506
-------------------------------
NEWHIGHS 52
NEWLOWS 1701
MAXCP 14
MINCP 208
TTTNH 28
TTTNL 302
CPCROSSA 37
CPCROSSD 86
ACCUMVER 2
HIGHIP21 11
HIUPPCT 144
VHIP21 44
LOWACCUM 250
REDSELL 118
AUGSELS7 16
TRAPDOOR 59
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/6/22
5 bullish
43 bearish - dangerously high.
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 1 .833 .666 .833
OILGAS .714 .714 .8 .657 .514 .533
UTILITY .578 .526 .552 .5 .447 .552
BEVERAGE .571 .571 .714 .571 .428 .571
FOOD .51 .489 .591 .53 .51 .51
==============================================================================================
EDU .5 .666 .666 .666 .666 .666
==============================================================================================
CHEM .478 .521 .652 .478 .478 .413
COMODITY .435 .435 .538 .461 .435 .435
DOWJONES .4 .333 .433 .333 .366 .4
DJI-13 .384 .307 .461 .23 .307 .384
GUNS .384 .384 .461 .384 .307 .23
TRANSP .368 .368 .526 .315 .263 .315
SP-100 .366 .355 .433 .311 .288 .311
INDMATER .361 .458 .625 .513 .43 .388
FIDSTKS .349 .355 .449 .301 .307 .307
MILITARY .307 .423 .538 .346 .384 .346
INFRA .303 .333 .545 .333 .212 .272
SP500 .303 .317 .45 .299 .269 .291
RETAIL .297 .404 .553 .382 .404 .361
INDEXES .259 .275 .313 .248 .227 .264
MARIJUAN .25 .25 .25 .25 .25 .25
REIT .215 .238 .361 .261 .215 .307
RUS-1000 .205 .237 .339 .248 .23 .24
COMPUTER .2 .2 .25 .2 .2 .15
HACKERS .2 .2 .3 .25 .35 .25
INSURANC .2 .24 .36 .12 .08 .12
SOLAR .187 .375 .5 .25 .062 .062
NASD-100 .185 .195 .35 .226 .195 .206
LOWPRICE .179 .198 .24 .208 .195 .201
AUTO .169 .169 .301 .188 .188 .15
GREEN .157 .21 .263 .21 .21 .105
JETS .153 .153 .23 .23 .23 .23
ELECTRON .15 .195 .353 .18 .135 .135
CHINA .14 .14 .2 .14 .12 .12
BIOTECH .13 .153 .203 .186 .178 .155
COPPER .125 .125 .125 .125 .125 0
HOSPITAL .125 .187 .312 .25 .187 .187
SEMI .115 .147 .294 .126 .084 .084
NIFTY .108 .152 .304 .152 .173 .152
SOFTWARE .107 .089 .16 .089 .16 .107
HIGHPRIC .105 .124 .217 .12 .12 .12
REGBANKS .08 .08 .16 .08 .08 .08
FINANCE .074 .086 .172 .111 .086 .086
GOLD .065 .108 .152 .13 .108 .108
ETFS .054 .054 .09 .054 .054 .036
HOMEBLDG .052 0 .315 .052 .052 0
BONDFUND .011 0 .011 0 .011 .011
BIGBANKS 0 0 0 0 0 0
GAMING 0 0 .105 .105 0 .052
|
===================================================================================
Friday: 5:35 AM Futures DJI
-84 NASDAQ -60 Data used thru
5/5/2022
| |
400,000 new jobs are reported this morning.
That should lift the DJI and give
us better prices for short sales later today or on Monday.
Wednesday's 900 point gain was followed on Thursday by a 1000
thumping of
the DJI, a 3% drop in the SP-500 and a 5% plunge by the NASDAQ.
Such
colossal 2-day reversals are quite bearish. There have been
14 such cases before
todays, going back to 1929. The average DJI decline on
these is 12.6% at the
time of the next reversal. In nine cases, there was no
paper losses if one had sold
the equivalent of the DJI-30 short at the close of the Sell S6.
Hence. selling short
DIA, SPY, QQQ or the NASDAQ now would seem to be justified.
But because
QQQ and the NASDAQ are much weaker than the DJI, I would short
them rather
than DIA.
The wild volatility is meant to discourage us from shorting them.
But that is
what Peerless calls for. In additon, I would be short
bearish MINCPs and
leverage short sales on Treasuries, as shown there.
Think about the psychological impact of this 1000 point reversal.
First, it shows
that there is an abundant desire to exit the market by
Professionals. They are
not willing even to wait and see if there is any
follow-though to the upside from
the day before. Secondly, think about all those who
chased the rally
Wednesday believing the bad news about interest rates was
now all out and
Chairman Powell, secretly a "dove" work to
prevent another sell-off. Thirdly,
who were the sellers today? What bearish news for the
future do they have
that would make them dump stocks this way?
Our studies here show convincing evidence that 10% inflation is
historically
quite bearish for the market. The FED always raises
rates quickly and harshly
with the result that there is always an economic recession
or worse AND
the stock market always declines sharply. Moreover,
this is not a normal
1/2% rate, this is one that occurs with the FED funds' rate
still well below 2%.
On a percentage basis, this IS serious
tightening. And it comes today with
the 10-year rates rising above 3%. This trend
up is not going to change
quickly.
Past Sell S6s: 1929-2022
========================
Date
DJI Gain Paper Loss
----------------------------------------------------------------
19300611 S6
249.1
.082 none
0
19320428 S6
58.2
.187 -.0137
19320509 S6
57.0
.170 -.035
19320929 S6
71.5
.108 none
0
19371101 S6
135.9
.131 none
0
19380316 S6
122.9
.195 none
0
19460218 S6
201.6
.03 none
0
19480205 S6
170.9
.032 none
0
20080922 S6
11015.69
.148 -.0115
20090129 S6
8149.01
.191 -.0161
20160125 S6
15885.22
.014 -.0355
20200303 S6
25917.41
.201 none 0
20200305 S6
26121.28
.207 none 0
20200311 S6
23553.22
.121 none 0
--------------------------------------------------------------------
Avg. 12.6%
9 of 14 no paper loss
|
|
| |
Charts - 5/5/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80505.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-05/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-05/BEARISH.htm |
|
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Table 1 QUICKSILVER on ETFS - 5/5/2022
Bullish = 3 - OIL, CORN WEAT
Bearish = 4 - TECL, SOXL, YINN RSX
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 330.24 -10.35 329.69 -135.4% Bearish RED -.041 0 ======
---------------------------------------------------------------------------------------------
SPY 413.81 -15.25 412 -166.7% Bearish RED -.079 -.015 -.094
---------------------------------------------------------------------------------------------
QQQ 313 -16.6 313.25 -233.3% Bearish RED -.132 -.046 -.178
---------------------------------------------------------------------------------------------
MDY 458.46 -17.68 455.83 -110.8% Bearish RED -.125 -.011 -.136
---------------------------------------------------------------------------------------------
IWM 185.67 -7.85 184.95 -126.5% Bearish RED -.15 -.034 -.184
---------------------------------------------------------------------------------------------
FAS 87.04 -8.27 83.21 -330.7% Bearish RED -.032 -.257 -.289
---------------------------------------------------------------------------------------------
RETL 15.29 -2.51 14.9 -420.4% Bearish RED 0 -.156 -.156
---------------------------------------------------------------------------------------------
SOXL 23.99 -4.03 22.24 -316.9% Bearish RED -.13 -.328 -.458 ---
---------------------------------------------------------------------------------------------
TECL 41.64 -6.89 41.88 -677.3% Bearish RED -.114 -.168 -.282 ---
---------------------------------------------------------------------------------------------
IBB 117.36 -4.5 116.65 -71% Bearish RED -.115 -.03 -.145
---------------------------------------------------------------------------------------------
GLD 175.13 -.67 176.91 -51.3% ------- RED -.013 -.014 -.027
---------------------------------------------------------------------------------------------
OIL 18.56 .03 17.79 149.6% Bullish RED .176 .166 .342 +++
---------------------------------------------------------------------------------------------
OIH 273.57 -10.28 263.76 8.1% Bearish RED .001 .154 .155
---------------------------------------------------------------------------------------------
CPER 25.96 -.54 26.45 -167.1% ------- RED -.172 -.039 -.211
---------------------------------------------------------------------------------------------
UUP 27.66 .23 27.57 -3.6% ------- BLUE -.108 .078 -.03
---------------------------------------------------------------------------------------------
CORN 29.41 .11 29.98 -99.5% Bullish RED .254 .212 .466 +++
---------------------------------------------------------------------------------------------
WEAT 10.98 .23 10.42 103.9% ------- ---- .091 .308 .399 +++
---------------------------------------------------------------------------------------------
YINN 3.65 -.66 4.03 74% Bearish RED -.102 -.492 -.594 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.102 -.699 -.801 ---
|
Count of Stocks in Key Directories
20220505
-------------------------------
NEWHIGHS 74
NEWLOWS 1019
Advances 395 2,708 2,589 (NYSE)
Declines 2,933 613 743 (NYSE)
MAXCP 9
MINCP 128
TTTNH 19
TTTNL 70
CPCROSSA 76
CPCROSSD 27
ACCUMVER 17
HIGHIP21 6
HIUPPCT 129
VHIP21 45
LOWACCUM 235
REDSELL 116
AUGSELS7 20
TRAPDOOR 20
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/5/22
Bullish =6
Bearish =43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 1 .833 .666 .833 1
OILGAS .714 .8 .657 .514 .533 .628
EDU .666 .666 .666 .666 .666 .666
BEVERAGE .571 .714 .571 .428 .571 .642
UTILITY .526 .552 .5 .447 .552 .684
CHEM .521 .652 .5 .456 .434 .434
==============================================================================================
FOOD .489 .591 .53 .51 .51 .571
INDMATER .458 .625 .513 .43 .402 .513
COMODITY .435 .538 .461 .435 .435 .512
MILITARY .423 .538 .346 .384 .384 .538
RETAIL .404 .553 .382 .404 .361 .51
GUNS .384 .461 .384 .307 .23 .307
SOLAR .375 .5 .25 .062 .062 .062
TRANSP .368 .526 .315 .263 .315 .473
FIDSTKS .355 .449 .301 .307 .307 .455
SP-100 .355 .433 .311 .288 .311 .444
DOWJONES .333 .433 .333 .366 .4 .433
INFRA .333 .545 .333 .212 .272 .454
SP500 .317 .45 .299 .267 .297 .422
DJI-13 .307 .461 .23 .307 .384 .461
INDEXES .281 .313 .248 .227 .275 .335
MARIJUAN .25 .25 .25 .25 .25 .25
INSURANC .24 .36 .12 .08 .12 .4
REIT .238 .353 .269 .215 .307 .507
RUS-1000 .237 .339 .248 .23 .243 .336
GREEN .21 .263 .21 .21 .105 .105
LOWPRICE .201 .238 .208 .195 .203 .222
COMPUTER .2 .25 .2 .2 .15 .2
HACKERS .2 .3 .25 .35 .3 .35
ELECTRON .195 .353 .18 .135 .135 .18
NASD-100 .195 .35 .216 .195 .206 .34
HOSPITAL .187 .312 .25 .187 .187 .312
AUTO .169 .301 .188 .188 .15 .188
BIOTECH .153 .203 .186 .178 .158 .2
JETS .153 .23 .23 .23 .23 .384
NIFTY .152 .304 .13 .173 .152 .217
SEMI .147 .294 .126 .084 .084 .136
CHINA .14 .2 .14 .12 .12 .1
COPPER .125 .125 .125 .125 0 0
HIGHPRIC .124 .217 .12 .12 .12 .194
GOLD .108 .152 .13 .108 .13 .152
SOFTWARE .089 .16 .089 .16 .125 .196
FINANCE .085 .17 .109 .073 .085 .134
REGBANKS .08 .16 .08 .08 .08 .12
ETFS .054 .09 .054 .054 .054 .072
BIGBANKS 0 0 0 0 0 0
BONDFUND 0 .011 0 .011 .011 0
GAMING 0 .105 .052 .052 .052 .105
HOMEBLDG 0 .315 .052 .052 0 0
|
====================================================================================
Thursday: 6:00 AM Futures DJI
-149 NASDAQ -2 Data used thru
5/4/2022
| |
What sent the DJI 900 points higher
was a combination of buying when
the long expected bad news came out about a 1/2
jump in interest rates
and Fed Chairman's gratuitous remark that a
rate increase higher than
1/2% is off the "table for
consideration" by the FOMC at the next several
of its meetings, no matter the level of
inflation. He may have to "eat his
words" if inflation rises above 10% over a
year ago.
Technically, the DJI moves more easily from the
bottom of its trading range
towards the top once it rallies back above its
10% down-from-its-peak level.
We saw that again today. The small
"b" signal based on the Inverted Traders'
Index turning up from deeply oversold territory
and the Stochastic 20-k-line
crossing back above the Pct-D predicted a
bounce, but not a 900-point
gain. Once again, we see that Powell is
doing all he can to hold up the
stock market as measured by the Blue Chips and
Professionals on the
inside have advance knowledge of what he is
likely to say.
The DJI-30 is much stronger than the other
indexes. Professionals
are net buyers again. But the DJI is
getting dangerously ahead of the
rest of the market. Its falling 65-dma
will probably act as resistance.
But if it should keep rallying and reach its
2.5% upper band, we will
then get a fourth Sell S9. These are
deadly.
Our shorts in Bonds rose only modestly today.
The direction of interest
rates remains steeply upward. Meanwhile,
Crude Oil and Commodities
did well today. This is not good news on
the Inflation Front. It helps
explain why this morning, the futures are again
down. Wait to go short
the general market ETFs until their Closing
Powers rally more and then
break their rising uptrends. |
|
| |
Charts - 5/4/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80504.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-04/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-04/BEARISH.htm |
|
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 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1
QUICKSILVER on ETFS - 5/4/2022
Bullish = 3 OIL, CORN WEAT
Bearish = 4 FAS, SOXL, YINN RSX
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 340.59 9.34 339.29 113.6% ------- BLUE -.036 ---- ---
---------------------------------------------------------------------------------------------
SPY 429.06 12.68 427.81 141.2% Bearish BLUE -.071 -.015 -.086
---------------------------------------------------------------------------------------------
QQQ 329.6 10.78 328.01 201.2% Bearish BLUE -.113 -.039 -.152
---------------------------------------------------------------------------------------------
MDY 476.14 13.06 468.75 174.8% ------- BLUE -.135 -.008 -.143
---------------------------------------------------------------------------------------------
IWM 193.52 5.03 190.45 174.9% Bearish BLUE -.16 -.03 -.19
---------------------------------------------------------------------------------------------
FAS 95.31 7.81 92.9 336.9% Bearish BLUE -.052 -.243 -.295
---------------------------------------------------------------------------------------------
RETL 17.8 1.35 16.67 643.7% Bearish BLUE 0 -.106 -.106
---------------------------------------------------------------------------------------------
SOXL 28.02 2.91 25.58 1271.2% Bearish BLUE -.152 -.288 -.44
---------------------------------------------------------------------------------------------
TECL 48.53 4.59 47.76 666.9% Bearish BLUE -.106 -.12 -.226
---------------------------------------------------------------------------------------------
IBB 121.86 2.42 119.05 118.6% Bearish BLUE -.129 -.032 -.161
---------------------------------------------------------------------------------------------
GLD 175.8 1.71 176.93 -5.1% ------- BLUE -.011 -.023 -.034
---------------------------------------------------------------------------------------------
OIL 18.53 .72 18.02 198.3% Bullish BLUE .153 .164 .317
---------------------------------------------------------------------------------------------
OIH 283.85 12.64 273.13 319.5% Bearish BLUE -.038 .185 .147
---------------------------------------------------------------------------------------------
CPER 26.5 .56 26.84 -94.6% ------- BLUE -.173 -.049 -.222
---------------------------------------------------------------------------------------------
UUP 27.43 -.23 27.68 -16.3% ------- RED -.044 .052 .008
---------------------------------------------------------------------------------------------
CORN 29.3 .01 30 -125.9% Bullish RED .193 .197 .39
---------------------------------------------------------------------------------------------
WEAT 10.75 .26 10.76 -51.8% Bearish ---- .07 .309 .379
---------------------------------------------------------------------------------------------
YINN 4.31 .06 3.59 1054% Bearish BLUE -.11 -.439 -.549
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.11 -.744 -.854
|
Table 2 Count of Stocks in Key Directories
20220504
-------------------------------
NEWHIGHS 92
NEWLOWS 833
Advances 2,708 2,084 1,462 (NYSE)
Declines 613 1,235 1,853 (NYSE)
MAXCP 30
MINCP 21
TTTNH 19
TTTNL 70
CPCROSSA 76
CPCROSSD 27
ACCUMVER 17
HIGHIP21 6
HIUPPCT 129
VHIP21 45
LOWACCUM 235
REDSELL 116
AUGSELS7 20
TRAPDOOR 20
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/4/22
Bullish = 13
Bearish = 35
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 .833 .666 .833 1 1
OILGAS .8 .657 .514 .533 .638 .542
BEVERAGE .714 .571 .428 .571 .642 .571
EDU .666 .666 .666 .666 .666 .666
CHEM .652 .5 .478 .413 .434 .369
INDMATER .625 .513 .43 .402 .5 .416
FOOD .591 .53 .51 .51 .571 .51
RETAIL .553 .382 .404 .361 .51 .489
UTILITY .552 .5 .447 .552 .684 .657
INFRA .545 .333 .212 .272 .484 .424
COMODITY .538 .461 .435 .435 .512 .435
MILITARY .538 .346 .384 .384 .538 .461
TRANSP .526 .315 .263 .315 .473 .315
-------------------------------------------------------------------------------------------
SOLAR .5 .25 .062 .062 .125 .062
--------------------------------------------------------------------------------------------
DJI-13 .461 .23 .307 .384 .461 .461
GUNS .461 .384 .307 .23 .307 .23
SP500 .45 .299 .267 .295 .424 .358
FIDSTKS .449 .301 .307 .307 .449 .378
DOWJONES .433 .333 .366 .4 .433 .4
SP-100 .433 .311 .288 .311 .433 .355
INSURANC .36 .12 .08 .12 .4 .32
ELECTRON .353 .18 .135 .135 .18 .105
REIT .353 .261 .223 .307 .507 .43
NASD-100 .35 .216 .185 .206 .329 .278
RUS-1000 .339 .248 .23 .243 .336 .288
HOMEBLDG .315 .052 .052 0 .052 .052
INDEXES .313 .248 .227 .275 .335 .313
HOSPITAL .312 .25 .187 .187 .312 .25
NIFTY .304 .13 .152 .152 .217 .173
AUTO .301 .188 .188 .15 .188 .15
HACKERS .3 .25 .35 .3 .35 .35
SEMI .294 .126 .084 .084 .136 .073
GREEN .263 .21 .21 .105 .105 .105
COMPUTER .25 .2 .2 .15 .2 .1
MARIJUAN .25 .25 .25 .25 .25 .25
LOWPRICE .24 .206 .195 .203 .224 .208
JETS .23 .23 .23 .23 .384 .307
HIGHPRIC .217 .12 .12 .12 .194 .167
BIOTECH .203 .186 .178 .158 .194 .186
CHINA .2 .14 .12 .12 .1 .12
FINANCE .17 .109 .073 .073 .134 .073
REGBANKS .16 .08 .08 .08 .12 .08
SOFTWARE .16 .089 .16 .125 .196 .178
GOLD .152 .13 .108 .13 .152 .108
COPPER .125 .125 .125 0 0 0
GAMING .105 .052 0 .105 .105 .105
ETFS .09 .054 .054 .054 .09 .054
BONDFUND .011 0 .011 .011 0 0
BIGBANKS 0 0 0 0 0 0
|
====================================================================================
Wedneday: 6:15 AM Futures DJI +81 NASDAQ +27 Data used thru 5/3/2022
| |
Famed trader Jesse Livermore said that doing
nothing was often the hardest
thing for traders to do. That's good advise now. We
can clearly see the effects
on bond funds by the rising interest rates. We should stay short
them. Our
MINCP page is full of them. But let's wait to do more...
(See Livermore's quotes at
https://www.marcellagerwerf.com/jesse-livermore-quotes/
)
But a number of the leaders of the last two years like AAPL, HD,
TECL
and NVDA are trying to turn up at their support levels, as seen on the
daily
charts that go back a year. The DJI and SPY may rally a little
more.
Their dDeclining 65-day moving averages will likely act as resistance.
But make
no mistake about it, the low interest rates of the last two years
has given tech
stocks extraordinarily big gains. But the FED's boosting
rates now to fight
inflation may mean that they will lose a much bigger portion of
their gains than
they have so far. Our weekly charts show this vulnerability
if their longer-term
support-levels are broken, as happened after the FED raised rates
by 1/2%
in the year 2000.
For the first time since May 2000, the FED is bound to raise its
key rates
by 1/2% instead of the usual 1/4%. I have mentioned how
bearish this
was in the on-going bear market of October 1931. In the
year 2000,
when the DJI and the laeaders were just starting to top out the
DJI
immediately fell from 10770 on 5/17/2000 to 10299; then rallied
back to
10813 on June 15th only to then again fall to 10398 on June 29th,
after which it rallied again to 10812 on 7/14/2000.
The final DJI
top did not come until January 2001. The NASDAQ
peaked and steadily
sold off after the rate hike. |
|
| |
Charts - 5/3/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80503.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-03/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-03/BEARISH.htm |
 |
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 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/3/2022
Bullish = 4 - OIL, CORN WEAT UUP
Bearish = 4 - FAS, SOXL, YINN RSX
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=================================================================================================
DIA 331.25 .51 333.03 -18% Bearish RED -.09 ===== =====
---------------------------------------------------------------------------------------------
COMPQX 12563.76 27.74 12488.93 29.1% Bearish BLUE -.169 -.044 -.213
---------------------------------------------------------------------------------------------
SPY 416.38 1.9 417.27 3.4% Bearish BLUE -.114 -.013 -.127
---------------------------------------------------------------------------------------------
QQQ 318.82 .34 316.76 26.4% Bearish BLUE -.157 -.038 -.195
---------------------------------------------------------------------------------------------
MDY 463.08 4.41 460.01 39.3% Bearish BLUE -.171 -.007 -.178
---------------------------------------------------------------------------------------------
IWM 188.49 1.6 186.96 20% Bearish BLUE -.201 -.027 -.228
---------------------------------------------------------------------------------------------
FAS 87.5 3.48 89.42 -98% Bearish BLUE -.126 -.277 -.403 ---
---------------------------------------------------------------------------------------------
RETL 16.45 .2 15.74 179.4% Bearish BLUE -.011 -.229 -.24
---------------------------------------------------------------------------------------------
SOXL 25.11 .61 21.95 574.1% Bearish BLUE -.204 -.338 -.542 ---
---------------------------------------------------------------------------------------------
TECL 43.94 .14 42.66 349.1% Bearish BLUE -.195 -.185 -.38
---------------------------------------------------------------------------------------------
IBB 119.44 1.08 119.05 2.1% Bearish BLUE -.143 -.016 -.159
---------------------------------------------------------------------------------------------
GLD 174.09 .46 175.98 -91.7% ------- BLUE -.032 .011 -.021
---------------------------------------------------------------------------------------------
OIL 17.81 -.26 17.82 -11.2% Bullish ---- .17 .17 .34 +++
---------------------------------------------------------------------------------------------
OIH 271.21 7.4 266.74 122.7% Bearish BLUE -.084 .159 .075
---------------------------------------------------------------------------------------------
CPER 25.94 .04 27 -180.3% Bearish RED -.202 -.03 -.232
---------------------------------------------------------------------------------------------
UUP 27.66 -.05 27.52 56.2% Bullish BLUE .156 .104 .26 +++
---------------------------------------------------------------------------------------------
CORN 29.29 -.34 30.05 -65.3% Bullish RED .221 .269 .49 +++
---------------------------------------------------------------------------------------------
WEAT 10.49 -.04 10.86 -182.4% Bearish RED .05 .398 .448 +++
---------------------------------------------------------------------------------------------
YINN 4.25 .16 3.49 1426.6% Bearish ---- -.104 -.449 -.553 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.104 -.726 -.83 ---
|
Table 2 Count of Stocks in Key Directories
20220503
-------------------------------
NEWHIGHS 64
NEWLOWS 566
Advances 2,084 1,428 557 (NYSE)
Declines 1,235 1,898 2,759 (NYSE)
MAXCP 16
MINCP 115
TTTNH 19
TTTNL 70
CPCROSSA 76
CPCROSSD 27
ACCUMVER 17
HIGHIP21 6
HIUPPCT 129
VHIP21 45
LOWACCUM 235
REDSELL 116
AUGSELS7 20
TRAPDOOR 20
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/3/22
Bullish = 6
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .666 .833 1 1 .833
EDU .666 .666 .666 .666 .666 .666
OILGAS .657 .514 .533 .638 .542 .514
BEVERAGE .571 .428 .571 .642 .571 .642
FOOD .53 .51 .51 .571 .551 .469
INDMATER .513 .43 .402 .5 .43 .361
==========================================================================================
CHEM .5 .478 .434 .413 .391 .326
UTILITY .5 .447 .552 .684 .657 .684
===========================================================================================
COMODITY .461 .435 .435 .512 .487 .384
GUNS .384 .307 .23 .307 .23 .384
RETAIL .382 .404 .361 .51 .489 .51
MILITARY .346 .384 .384 .538 .5 .538
DOWJONES .333 .366 .4 .433 .4 .4
INFRA .333 .212 .272 .484 .424 .363
TRANSP .315 .263 .315 .473 .315 .315
SP-100 .311 .288 .311 .433 .344 .333
FIDSTKS .301 .307 .307 .449 .378 .372
SP500 .299 .267 .295 .422 .36 .342
REIT .261 .215 .315 .507 .43 .461
HACKERS .25 .35 .3 .35 .35 .45
HOSPITAL .25 .187 .187 .312 .25 .312
MARIJUAN .25 .25 .25 .25 .25 .25
SOLAR .25 .062 .062 .125 .062 .062
INDEXES .248 .227 .275 .335 .313 .291
RUS-1000 .248 .23 .243 .336 .291 .303
DJI-13 .23 .307 .384 .461 .461 .461
JETS .23 .23 .23 .384 .307 .384
NASD-100 .216 .185 .195 .329 .268 .257
GREEN .21 .21 .105 .105 .105 .105
LOWPRICE .208 .193 .203 .224 .211 .203
COMPUTER .2 .2 .15 .2 .1 .1
AUTO .188 .188 .15 .188 .15 .132
BIOTECH .186 .178 .158 .194 .183 .175
ELECTRON .18 .135 .135 .18 .105 .112
CHINA .14 .12 .12 .1 .12 .12
GOLD .13 .108 .13 .152 .108 .108
NIFTY .13 .152 .13 .217 .173 .173
SEMI .126 .084 .084 .136 .073 .073
COPPER .125 .125 0 0 0 0
HIGHPRIC .12 .12 .12 .194 .167 .167
INSURANC .12 .08 .12 .4 .32 .24
FINANCE .109 .073 .073 .121 .073 .06
SOFTWARE .089 .16 .125 .196 .178 .214
REGBANKS .08 .08 .08 .12 .08 .08
ETFS .054 .054 .054 .09 .072 .036
GAMING .052 0 .052 .157 .105 .105
HOMEBLDG .052 .052 0 .052 .052 .105
BIGBANKS 0 0 0 0 0 0
BONDFUND 0 .011 .011 0 0 0
|
======================================================================
Tuesday: 5:00 AM Futures DJI -
71 NASDAQ -30
Data used thru 5/2/2022
| |
Wall Street's computerized traders went
wild the last hour of trading today
and lifted the DJI up 500 points from its lows near
32500. But bearishly,
there was no follow-through and now we see the DJI
futures selling off again.
These rallies are meant to confuse and hurt those who
are sure we are
near a bottom, born most likely by a good Jobs'
Report at the end of the
week. The simple truth, however, remains the
FED must raise rates to try
to curb 10% inflation. and the corollary is that
history shows it can only
succeed if there is a recession and a bear market.
This has happened
over and over again in the past. The clearest
examples are 1919-1920,
1929-1930,1937-1938, 1957, 1960-1961, 1966,
1969-1970,
1973-1974, 1978, 1979, 1980-1982, 1987, 1999-2003,
2007-2008
and 2018.
The bearish MINCPs keep declining. These are
obvious shorts. There
were 400 more down than up on the NYSE and the number
of new
lows expanded to 1362, while the new highs totalled
only 42. This
should show us that the best opportunities are still
to be found shorting
the weakest MINCPs.
But there is another good way to make money now.
That is to buy
the leveraged shorts on Treasuries. I have
frequently mentioned the
unleveraged bearish ETF here, PST. But consider
also the bullish
uptrends of the negative leveraged Treasure ETFs,
namely TBF,
TBT and TMV (shown below)
If the FED does what it says it will do and continues
to boost rates,
especially on the 10-year bond, it is hard to imagine
these leveraged
ETFs not rallying much more.
Some of you are used to trading the major market
ETFs. I have
decided to post each night some of the bearish
leveraged plays
on these ETFs. See the new negative leveraged
charts of banks (FAZ),
TZA, Midcaps (MZZ), Russell-2000( SRTY) and Techs
(TECS)
among the graphs posted here. We are all used
to looking at upright-
charts. So, it may be easier to successfully
read these inverted
ETFs' shorts.
|
|
| |
Charts -
5/2/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80502.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Leveraged Short ETFs: (new)
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS - semi-conductors
Bullish MAXCPs http://www.tigersoftware.com/UPPING/5-02/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/5-02/BEARISH.htm |
|
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| |
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 |
 |
 |
Table 1 QUICKSILVER on ETFS - 5/2/2022
Bullish = 3 - OIL, CORN WEAT
Bearish = 6 - FAS, RETL, RSX, TECL, YINN, SOXL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 330.74 1.05 332.45 -146.6% Bearish BLUE -.066 ---- -----
---------------------------------------------------------------------------------------------
SPY 414.48 2.48 416.1 -166.9% Bearish BLUE -.09 -.014 -.104
---------------------------------------------------------------------------------------------
QQQ 318.48 5.23 317.14 -172.9% Bearish BLUE -.155 -.04 -.195
---------------------------------------------------------------------------------------------
MDY 458.67 2.84 459.46 -160.2% Bearish BLUE -.179 -.011 -.19
---------------------------------------------------------------------------------------------
IWM 186.89 1.94 187.74 -184.3% Bearish BLUE -.191 -.033 -.224
---------------------------------------------------------------------------------------------
FAS 84.02 .81 89.22 -722.1% Bearish RED -.137 -.298 -.435
---------------------------------------------------------------------------------------------
RETL 16.25 1.35 15.88 -439% Bearish BLUE -.052 -.248 -.3
---------------------------------------------------------------------------------------------
SOXL 24.5 2.26 22.43 -248.2% Bearish BLUE -.236 -.363 -.599
---------------------------------------------------------------------------------------------
TECL 43.8 1.92 40.91 -245.3% Bearish BLUE -.204 -.202 -.406
---------------------------------------------------------------------------------------------
IBB 118.36 1.71 119.39 -243.2% Bearish BLUE -.12 -.023 -.143
---------------------------------------------------------------------------------------------
GLD 173.63 -3.28 177.32 -96.7% ------- ---- -.026 .017 -.009
---------------------------------------------------------------------------------------------
OIL 18.07 .28 17.85 137.5% Bullish BLUE .233 .21 .443
---------------------------------------------------------------------------------------------
OIH 263.81 .05 264.67 -14.6% Bearish BLUE -.104 .112 .008
---------------------------------------------------------------------------------------------
CPER 25.9 -.55 26.9 -254.7% Bearish BLUE -.196 -.019 -.215
---------------------------------------------------------------------------------------------
UUP 27.71 .14 27.35 96.5% ------- ---- .08 .118 .198
---------------------------------------------------------------------------------------------
CORN 29.63 -.35 29.68 48.6% Bullish ---- .227 .304 .531
---------------------------------------------------------------------------------------------
WEAT 10.53 .11 10.88 -56% Bearish BLUE .033 .407 .44
---------------------------------------------------------------------------------------------
YINN 4.09 .06 3.2 930.1% Bearish BLUE -.13 -.503 -.633
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.13 -.729 -.859
|
Table 2 Count of Stocks in Key Directories
20220502
-------------------------------
NEWHIGHS 41
NEWLOWS 1362
Advances 1,428 685 1,634 (NYSE)
Declines 1,898 2,666 1,710 (NYSE)
MAXCP 7
MINCP 208
TTTNH 10
TTTNL 226
CPCROSSA 54
CPCROSSD 25
ACCUMVER 1
HIGHIP21 6
HIUPPCT 122
VHIP21 45
LOWACCUM 255
REDSELL 120
AUGSELS7 21
TRAPDOOR 9
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
5/2/22
Bullish = 4
Bearish = 45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .666 .833 1 1 .833 .666
EDU .666 .666 .666 .666 .666 .666
OILGAS .514 .533 .638 .542 .523 .542
FOOD .51 .51 .571 .551 .469 .51
===============================================================================================
CHEM .478 .434 .434 .369 .369 .369
UTILITY .447 .552 .684 .657 .684 .657
COMODITY .435 .435 .512 .487 .384 .435
INDMATER .43 .402 .5 .43 .375 .472
BEVERAGE .428 .571 .642 .571 .642 .642
RETAIL .404 .361 .51 .489 .489 .531
MILITARY .384 .384 .538 .5 .538 .5
DOWJONES .366 .4 .433 .4 .4 .433
HACKERS .35 .3 .35 .35 .45 .6
DJI-13 .307 .384 .461 .461 .461 .461
FIDSTKS .307 .307 .449 .378 .366 .455
GUNS .307 .23 .307 .23 .384 .384
SP-100 .288 .311 .433 .344 .322 .422
SP500 .265 .293 .419 .355 .343 .419
TRANSP .263 .315 .473 .315 .315 .473
MARIJUAN .25 .25 .25 .25 .25 .25
JETS .23 .23 .384 .307 .384 .615
RUS-1000 .23 .243 .336 .291 .303 .364
INDEXES .227 .275 .335 .313 .308 .34
REIT .215 .307 .515 .43 .461 .576
INFRA .212 .272 .484 .424 .393 .484
GREEN .21 .105 .105 .105 .105 .105
COMPUTER .2 .15 .2 .1 .1 .2
LOWPRICE .195 .201 .224 .211 .203 .23
AUTO .188 .15 .188 .15 .132 .169
HOSPITAL .187 .187 .312 .25 .312 .437
NASD-100 .185 .195 .319 .268 .247 .34
BIOTECH .178 .158 .194 .183 .175 .25
SOFTWARE .16 .125 .196 .178 .214 .321
NIFTY .152 .13 .195 .173 .173 .217
ELECTRON .135 .135 .18 .105 .12 .127
COPPER .125 0 0 0 0 0
CHINA .12 .12 .1 .12 .12 .12
HIGHPRIC .12 .12 .194 .167 .167 .237
GOLD .108 .13 .152 .108 .108 .195
SEMI .084 .084 .136 .073 .073 .063
INSURANC .08 .12 .4 .32 .24 .44
REGBANKS .08 .08 .12 .08 .08 .16
FINANCE .073 .073 .121 .06 .06 .146
SOLAR .062 .062 .125 .062 .062 .125
ETFS .054 .054 .09 .072 .054 .109
HOMEBLDG .052 0 .052 .052 .105 .105
BONDFUND .011 .011 0 0 0 0
BIGBANKS 0 0 0 0 0 .142
GAMING 0 .052 .105 .157 .105 .157
|
====================================================================================
Monday: 5:40 AM Futures DJI - 0 NASDAQ -49 Data
used thru 4/29/2022
 |
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| |
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 |
Table 1 QUICKSILVER on ETFS - 4/29/2022
Bullish = 3 - OIL, CORN WEAT
Bearish = 11 - QQQ, MDY, IWM, FAS, RETL, IBB, RSX, TECL, YINN, SOXL, CPER
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 329.69 -9.6 340.56 -127.4% Bearish RED -.158 --- ------
---------------------------------------------------------------------------------------------
SPY 412 -15.81 428.51 -165.9% Bearish RED -.207 -.02 -.227
---------------------------------------------------------------------------------------------
QQQ 313.25 -14.76 329.58 -187.9% Bearish RED -.26 -.063 -.323 ---
---------------------------------------------------------------------------------------------
MDY 455.83 -12.92 473.52 -159.6% Bearish RED -.273 -.018 -.291 ---
---------------------------------------------------------------------------------------------
IWM 184.95 -5.5 193.85 -203.1% Bearish RED -.274 -.047 -.321 ---
---------------------------------------------------------------------------------------------
FAS 83.21 -9.69 97.07 -718% Bearish RED -.209 -.336 -.545 ---
---------------------------------------------------------------------------------------------
RETL 14.9 -1.77 17.67 -603.4% Bearish RED -.176 -.338 -.514 ---
---------------------------------------------------------------------------------------------
SOXL 22.24 -3.34 25.67 -460.1% Bearish RED -.315 -.46 -.775 ---
---------------------------------------------------------------------------------------------
TECL 41.88 -5.88 45.95 -236.2% Bearish RED -.277 -.281 -.558 ---
---------------------------------------------------------------------------------------------
IBB 116.65 -2.4 124.18 -264.2% Bearish RED -.211 -.045 -.256 ---
---------------------------------------------------------------------------------------------
GLD 176.91 -.02 177.05 -95.2% ------- RED -.053 .069 .016
---------------------------------------------------------------------------------------------
OIL 17.79 -.23 17.58 -14% Bullish RED .169 .222 .391 +++
---------------------------------------------------------------------------------------------
OIH 263.76 -9.37 264.59 -307.2% Bearish RED -.146 .118 -.028
---------------------------------------------------------------------------------------------
CPER 26.45 -.39 27.27 -254% Bearish RED -.274 .014 -.26 ---
---------------------------------------------------------------------------------------------
UUP 27.57 -.11 27.18 95% ------- ---- .082 .132 .214
---------------------------------------------------------------------------------------------
CORN 29.98 -.02 29.34 175.7% Bullish RED .194 .343 .537 +++
---------------------------------------------------------------------------------------------
WEAT 10.42 -.34 10.65 -74.4% Bearish RED -.005 .445 .44 +++
---------------------------------------------------------------------------------------------
YINN 4.03 .44 3.43 725.1% Bearish RED -.207 -.5 -.707 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.207 -.721 -.928 ---
|
Table 2 Count of Stocks in Key Directories
20220429
-------------------------------
NEWHIGHS 59
NEWLOWS 856
Advances 685 2,589 538 (NYSE)
Declines 2,666 743 2,803 (NYSE)
MAXCP 4
MINCP 344
TTTNH 9
TTTNL 208
CPCROSSA 8
CPCROSSD 174
ACCUMVER 1
HIGHIP21 5
HIUPPCT 115
VHIP21 43
LOWACCUM 236
REDSELL 117
AUGSELS7 22
TRAPDOOR 36
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/29/22
Bullish = 6
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 1 1 .833 .833 .833
EDU .666 .666 .666 .666 .666 .5
BEVERAGE .571 .642 .571 .642 .642 .642
UTILITY .552 .684 .657 .684 .657 .763
OILGAS .533 .638 .542 .523 .552 .666
FOOD .51 .571 .551 .469 .489 .734
================================================================================================
COMODITY .435 .512 .487 .384 .41 .666
CHEM .434 .434 .391 .347 .413 .413
INDMATER .402 .5 .43 .375 .472 .541
DOWJONES .4 .433 .4 .4 .433 .4
DJI-13 .384 .461 .461 .461 .461 .461
MILITARY .384 .538 .5 .538 .5 .615
RETAIL .361 .51 .489 .489 .531 .51
TRANSP .315 .473 .315 .315 .473 .421
SP-100 .311 .433 .344 .322 .422 .433
FIDSTKS .307 .449 .378 .366 .455 .479
REIT .307 .507 .438 .461 .569 .592
HACKERS .3 .35 .35 .45 .6 .55
SP500 .293 .419 .355 .339 .421 .421
INDEXES .275 .335 .313 .308 .362 .394
INFRA .272 .484 .424 .393 .484 .515
MARIJUAN .25 .25 .25 .25 .25 .25
RUS-1000 .243 .336 .291 .303 .359 .389
GUNS .23 .307 .23 .384 .384 .307
JETS .23 .384 .307 .384 .615 .615
LOWPRICE .203 .222 .211 .203 .224 .269
NASD-100 .195 .319 .257 .247 .329 .298
HOSPITAL .187 .312 .25 .312 .437 .312
BIOTECH .158 .194 .183 .175 .25 .233
AUTO .15 .188 .15 .132 .169 .113
COMPUTER .15 .2 .1 .1 .2 .15
ELECTRON .135 .18 .105 .12 .127 .15
GOLD .13 .152 .108 .108 .195 .5
NIFTY .13 .195 .152 .173 .217 .217
SOFTWARE .125 .196 .178 .214 .321 .25
CHINA .12 .1 .12 .12 .12 .14
HIGHPRIC .12 .194 .167 .167 .237 .214
INSURANC .12 .4 .32 .24 .44 .4
GREEN .105 .105 .105 .105 .105 .21
SEMI .084 .136 .073 .073 .063 .063
REGBANKS .08 .12 .08 .08 .16 .16
FINANCE .073 .121 .06 .048 .146 .146
SOLAR .062 .125 .062 .062 .125 .125
ETFS .054 .09 .072 .054 .127 .181
GAMING .052 .105 .105 .157 .105 .105
BONDFUND .011 0 0 0 0 0
BIGBANKS 0 0 0 0 .142 .142
COPPER 0 0 0 0 0 0
HOMEBLDG 0 .052 .052 .105 .105 .105
|
====================================================================================
Friday: 5:41 AM Futures DJI-124
NASDAQ -166 Data used thru 4/28/2022
| |
Our 2022 Peerless remains
on a Sell. The ratio of new lows to new highs
is still an overhwlemingly bearish with
only 65 new highs and 1354 new lows
on NYSE and NASDAQ. Defensive blue
chips, food commodities and
remain the subious leaders of the remants
of the bull market. Table 1
rates the key ETFS, SPY, QQQ,
SOXL, TECL and RETL as bearish.
Today many of the beaten down techs and
defensive stocks did bounce
up. The best example of this is the
NASDAQ which is now down 22%
and trying not to break flat support and
drop deeply down bear
market territory.
The steep Closing Power downtrends in the
major ETFs were broken.
Normally without a Peerless Buy signal
this would predict a recovery to
the DJI's 65-dma given that the DJI
is not yet down 10% and its
Stochastic-20 has turning up from below
over-sold (20%) level.
But the high inflation and still very low
interest rates, remain the basic
problems. History in this situation
is on the side of the bears. Now with
the Futures showing another decline
taking shape, we may need to see
this past week's earlier lows re-tested.
Then, if they hold, the DJI may
again attempt a recovery to 34500 and the
falling 65-dma. But if the recent
lows are broken below, another leg down
will be likely follow with even
the safest and most defensive blue chips
not holding up. .
All this whipsawing may allow a
computerized day trader to eke out some
small profits, but I think our purposes
are best served just by staying short
many of the bearish MINCPs. |
|
| |
Charts - 4/28/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80428.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Bullish MAXCPs http://www.tigersoftware.com/UPPING/4-28/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/4-28/BEARISH.htm |
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Table 1 QUICKSILVER on ETFS - 4/28/2022
Bullish = 3 - OIL, CORN WEAT
Bearish = 10 - QQQ, MDY, IWM, FAS, RETL, RSX, TECL, YINN, SOXL, CPER
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 339.29 6.26 338.27 -124.4% ------- BLUE -.102 0 =====
---------------------------------------------------------------------------------------------
SPY 427.81 10.54 426.04 -120.5% Bearish BLUE -.151 -.01 -.161
---------------------------------------------------------------------------------------------
QQQ 328.01 11.25 325.4 -94.6% Bearish BLUE -.228 -.048 -.276 ---
---------------------------------------------------------------------------------------------
MDY 468.75 8.74 470.72 -159.4% Bearish BLUE -.244 -.015 -.259 ---
---------------------------------------------------------------------------------------------
IWM 190.45 3.49 192.68 -191.6% Bearish BLUE -.25 -.045 -.295 ---
---------------------------------------------------------------------------------------------
FAS 92.9 3.48 96.57 -681.7% Bearish BLUE -.175 -.286 -.461 ---
---------------------------------------------------------------------------------------------
RETL 16.67 .93 16.9 -729.3% Bearish BLUE -.195 -.316 -.511 ---
---------------------------------------------------------------------------------------------
SOXL 25.58 3.63 24.45 -130.5% Bearish BLUE -.302 -.413 -.715 ---
---------------------------------------------------------------------------------------------
TECL 47.76 5.1 43.97 -30.5% Bearish BLUE -.224 -.217 -.441 ---
---------------------------------------------------------------------------------------------
IBB 119.05 0 123.04 -282.4% Bearish RED -.175 -.053 -.228
---------------------------------------------------------------------------------------------
GLD 176.93 .95 180.29 -143.7% ------- BLUE -.005 .053 .048
---------------------------------------------------------------------------------------------
OIL 18.02 .2 17.84 -92.2% Bullish BLUE .203 .201 .404 +++
---------------------------------------------------------------------------------------------
OIH 273.13 6.39 280.34 -252.7% Bearish BLUE -.121 .156 .035
---------------------------------------------------------------------------------------------
CPER 26.84 -.16 27.83 -287.4% ------- BLUE -.262 .003 -.259 ---
---------------------------------------------------------------------------------------------
UUP 27.68 .16 27.05 145.2% Bullish ---- .13 .109 .239
---------------------------------------------------------------------------------------------
CORN 30 -.05 28.94 101.8% Bullish RED .235 .332 .567 +++
---------------------------------------------------------------------------------------------
WEAT 10.76 -.1 10.58 41.9% Bearish RED .013 .466 .479 +++
---------------------------------------------------------------------------------------------
YINN 3.59 .1 3.53 204.7% Bearish ---- -.172 -.567 -.739 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.172 -.744 -.916 ---
|
Count of Stocks in Key Directories
20220428
-------------------------------
NEWHIGHS 65
NEWLOWS 1354
Advances 2,589 1,462 656 (NYSE)
Declines 743 1,853 2,659 (NYSE)
MAXCP 15
MINCP 114
TTTNH 16
TTTNL 106
CPCROSSA 67
CPCROSSD 15
ACCUMVER 19
HIGHIP21 7
HIUPPCT 103
VHIP21 44
LOWACCUM 224
REDSELL 118
AUGSELS7 21
TRAPDOOR 16
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/28/22
Bullish = 10
Bearisg = 38
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 .833 .833 .833 1
UTILITY .684 .657 .684 .657 .763 .815
EDU .666 .666 .666 .666 .5 .5
BEVERAGE .642 .571 .642 .642 .642 .714
OILGAS .638 .542 .523 .552 .666 .78
FOOD .571 .551 .469 .489 .734 .795
MILITARY .538 .5 .538 .5 .615 .653
COMODITY .512 .487 .384 .41 .666 .769
RETAIL .51 .489 .489 .531 .51 .617
REIT .507 .43 .469 .569 .592 .646
=============================================================================================
INDMATER .5 .43 .375 .472 .555 .68
=============================================================================================
INFRA .484 .424 .393 .484 .515 .666
TRANSP .473 .315 .315 .473 .421 .526
DJI-13 .461 .461 .461 .461 .461 .538
FIDSTKS .449 .378 .366 .455 .479 .609
CHEM .434 .391 .369 .391 .456 .521
DOWJONES .433 .4 .4 .433 .4 .566
SP-100 .433 .344 .322 .422 .433 .566
SP500 .419 .355 .339 .417 .423 .544
INSURANC .4 .32 .24 .44 .4 .68
JETS .384 .307 .384 .615 .615 .692
HACKERS .35 .35 .45 .6 .55 .55
RUS-1000 .336 .291 .303 .359 .387 .46
INDEXES .335 .313 .308 .362 .389 .475
NASD-100 .319 .257 .237 .329 .298 .381
HOSPITAL .312 .25 .312 .437 .312 .75
GUNS .307 .23 .384 .384 .307 .384
MARIJUAN .25 .25 .25 .25 .25 .25
LOWPRICE .224 .208 .203 .224 .267 .322
COMPUTER .2 .1 .1 .2 .15 .25
SOFTWARE .196 .178 .214 .321 .25 .303
NIFTY .195 .152 .152 .217 .217 .282
BIOTECH .194 .183 .175 .25 .231 .272
HIGHPRIC .194 .167 .167 .237 .221 .35
AUTO .188 .15 .132 .169 .113 .169
ELECTRON .18 .105 .12 .127 .142 .21
GOLD .152 .108 .108 .195 .5 .804
SEMI .136 .073 .073 .063 .063 .115
SOLAR .125 .062 .062 .125 .125 .187
FINANCE .121 .06 .048 .134 .146 .304
REGBANKS .12 .08 .08 .16 .16 .24
GAMING .105 .105 .105 .157 .105 .105
GREEN .105 .105 .105 .105 .21 .315
CHINA .1 .12 .12 .12 .14 .14
ETFS .09 .072 .054 .127 .2 .29
HOMEBLDG .052 .052 .105 .105 .105 .105
BIGBANKS 0 0 0 .142 .142 .142
BONDFUND 0 0 0 0 0 0
COPPER 0 0 0 0 0 .375
|
===================================================================================
Thursday: 5:55 AM Futures
DJI+242 NASDAQ +229 Data
used thru 4/27/2022
| |
Our 2022 Peerless still has not given
us a new Buy signal and the Closing
Powers remain in downtrends. Recent
early-in-the-day rallies have
tended to fizzle. And even if the Closing
Power downtrends for DIA, SPY
and QQQ were to be broken, the likelihood would
be just a rally off
support to the DJI's falling 65-dma. So,
the upside appears limited. There
is more opportunity for large profits in the
bearish MINCPs than scapling a
few points with DIA, SPY and QQQ.
Watch to see if the new low numbers stay high
and if the NASDAQ
can rise up from its critical support level,
20% down from its highs.
The outlook for much higher interest rates
remains the larger problem
for the market. Support levels may not
last very long if there is another
wave of selling occasioned by hawkish words
from FOMC members
or more news of inflation.
There are two market now. The one consists of
the big majority of stocks.
These are at or making 12-month lows. They
supply the stocks and ETFS
that make up our Bearish MINCPs. Some of these
have Power Rankings
below -1000. They showdeeply negative
IP21-Accumulation readings and
steady Professional selling by virtue of their steep
Closing Power downtrends.
Then there are the big Indexes, like the DJI, oil-gas
stocks and food
commodity funds, especially corn and wheat.
Peerless gives signals for the
DJI but they are mostly based on divergences between
the DJI and the big
majority of stocks when the DJI is at its lower
band.
The 2006 version detects a small divergence between
the DJI and the
broader market as measured by the P-Indicator, the
21-day
ma of NYSE Advances mnus declines. It
disregards the deeper negative
readings of the Accumulation Index and V-Indicator,
which our current
Peerless takes into account because it has studied
the period 1929-1965
and 2007 to the present, while 2006 version has not.
A limited rally is all we can predict now. It
should not much distrurb
the most bearish MINCPs we are short. |
|
| |
Charts - 4/27/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80427.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Bullish MAXCPs http://www.tigersoftware.com/UPPING/4-27/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/4-27/BEARISH.htm |
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Table 1 QUICKSILVER on ETFS - 4/27/2022
Bullish = 4 - OIL, UUP (Dollar) CORN WEAT
Bearish = 8 - QQQ, IWM, FAS, RETL, RSX, TECL, YINN, SOXL.
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 333.03 .58 347.71 -270.4% Bearish RED -.116 0 ------
---------------------------------------------------------------------------------------------
SPY 417.27 1.17 438.06 -318.6% Bearish RED -.155 -.012 -.167
---------------------------------------------------------------------------------------------
QQQ 316.76 -.38 334.15 -371% Bearish RED -.241 -.051 -.292 ---
---------------------------------------------------------------------------------------------
MDY 460.01 .55 483.72 -342.7% Bearish RED -.232 -.006 -.238
---------------------------------------------------------------------------------------------
IWM 186.96 -.78 197.8 -394.3% Bearish RED -.261 -.031 -.292 ---
---------------------------------------------------------------------------------------------
FAS 89.42 .2 105.94 -1119.1% Bearish ---- -.236 -.279 -.515 ---
---------------------------------------------------------------------------------------------
RETL 15.74 -.14 19.16 -1304.8% Bearish RED -.2 -.285 -.485 ---
---------------------------------------------------------------------------------------------
SOXL 21.95 -.48 26.21 -1286.7% Bearish BLUE -.318 -.408 -.726 ---
---------------------------------------------------------------------------------------------
TECL 42.66 1.75 48.03 -865.1% Bearish BLUE -.232 -.24 -.472 ---
---------------------------------------------------------------------------------------------
IBB 119.05 -.34 125.96 -400.2% Bearish RED -.199 -.03 -.229
---------------------------------------------------------------------------------------------
GLD 175.98 -1.34 182.06 -187.1% Bearish RED .009 .044 .053
---------------------------------------------------------------------------------------------
OIL 17.82 -.03 18.35 -89.1% Bullish BLUE .235 .161 .396 +++
---------------------------------------------------------------------------------------------
OIH 266.74 2.07 286.91 -606.6% Bearish RED -.077 .152 .075
---------------------------------------------------------------------------------------------
CPER 27 .1 28.42 -252.1% Bearish BLUE -.266 .023 -.243
---------------------------------------------------------------------------------------------
UUP 27.52 .17 26.89 131.2% Bullish ---- .212 .104 .316 +++
---------------------------------------------------------------------------------------------
CORN 30.05 .37 29.4 28.9% Bullish BLUE .279 .307 .586 +++
---------------------------------------------------------------------------------------------
WEAT 10.86 -.02 10.67 -23.3% ------- BLUE .083 .446 .529 +++
---------------------------------------------------------------------------------------------
YINN 3.49 .29 3.45 -416.9% Bearish BLUE -.237 -.554 -.791 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.237 -.725 -.962 ---
|
Table 2 Count of Stocks in Key Directories
20220427
-------------------------------
NEWHIGHS 49
NEWLOWS 1453
Advances 1,462 557 2,118 (NYSE)
Declines 1,853 2,759 1,195 (NYSE)
MAXCP 6
MINCP 255
TTTNH 7
TTTNL 75
CPCROSSA 35
CPCROSSD 23
ACCUMVER 4
HIGHIP21 4
HIUPPCT 96
VHIP21 44
LOWACCUM 216
REDSELL 122
AUGSELS7 16
TRAPDOOR 6
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/27/22
Bullish = 6
Bearish = 42
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 .833 .833 .833 1 1
EDU .666 .666 .666 .5 .5 .5
UTILITY .657 .684 .657 .763 .815 .894
BEVERAGE .571 .642 .642 .642 .714 .714
FOOD .551 .469 .489 .734 .816 .836
OILGAS .542 .523 .552 .666 .78 .857
===============================================================================================
MILITARY .5 .538 .5 .615 .653 .769
===============================================================================================
RETAIL .489 .489 .531 .51 .617 .638
COMODITY .487 .384 .41 .666 .794 .82
DJI-13 .461 .461 .461 .461 .538 .615
INDMATER .43 .375 .472 .555 .68 .75
REIT .43 .461 .576 .592 .646 .676
INFRA .424 .393 .484 .515 .666 .818
DOWJONES .4 .4 .433 .4 .566 .6
CHEM .391 .369 .413 .434 .543 .543
FIDSTKS .378 .366 .455 .479 .603 .662
SP500 .355 .339 .417 .419 .542 .604
HACKERS .35 .45 .6 .55 .55 .65
SP-100 .344 .322 .422 .433 .566 .622
INSURANC .32 .24 .44 .4 .68 .72
TRANSP .315 .315 .473 .421 .526 .526
INDEXES .313 .308 .362 .389 .475 .556
JETS .307 .384 .615 .615 .692 .615
RUS-1000 .291 .303 .359 .387 .458 .503
NASD-100 .257 .237 .319 .298 .381 .443
HOSPITAL .25 .312 .437 .312 .75 .812
MARIJUAN .25 .25 .25 .25 .25 .25
GUNS .23 .384 .384 .307 .384 .461
LOWPRICE .211 .201 .224 .267 .322 .367
BIOTECH .183 .175 .25 .231 .272 .348
SOFTWARE .178 .214 .321 .25 .303 .41
HIGHPRIC .167 .167 .237 .221 .354 .466
NIFTY .152 .152 .195 .217 .282 .391
AUTO .15 .132 .169 .113 .169 .207
CHINA .12 .12 .12 .14 .14 .16
GOLD .108 .108 .195 .5 .782 .913
ELECTRON .105 .12 .127 .142 .21 .3
GAMING .105 .105 .157 .105 .105 .315
GREEN .105 .105 .105 .21 .315 .526
COMPUTER .1 .1 .2 .15 .25 .25
REGBANKS .08 .08 .16 .16 .24 .28
SEMI .073 .073 .063 .063 .115 .2
ETFS .072 .054 .127 .2 .309 .345
SOLAR .062 .062 .125 .125 .187 .562
FINANCE .06 .048 .134 .134 .304 .353
HOMEBLDG .052 .105 .105 .105 .105 .157
BIGBANKS 0 0 .142 .142 .142 .285
BONDFUND 0 0 0 0 0 0
COPPER 0 0 0 0 .375 .875
|
====================================================================================
Wednesday: 5:55 AM Futures
DJI+237 NASDAQ +42 Data
used thru 4/26/2022
| |
The DJI is trying this morning to mount a move
up. The DJI futures were
up 400 a few minutes ago. The buyers liked the fact that
the DJI almost fell
to the round number 30,000 support thaT I had mentioned as
support and
the lower 4% band below its 21-day ma. In addition, note
how potential flat
support levels have been reached by the NASDAQ (COMPQX), SPY and
QQQ.
Be careful. The Closing Powers in the key chart below,
however, are still falling.
The ratio of new lows to new highs is overwhelmingly bearish:
1165 to 47. And
all rallies have recently been quickly squashed by institutional
sellers.
Some Bulls remain conditioned now to buy the DJI on all dips.
What they
forget is that the FED is no longer in a good position to bolster
the market.
10-year rates are a full 7% percent below the rate of inflation
as measured
by the last Producer Price Index report and almost 6% below the
growth rate
of the latest 12-month CPI change. The FED has
"spoiled" Wall Street for the
last two years. Now Wall Street is being weaned away from
"free money". And
much like a spoiled child, it is waling in disbelief that the FED
could now do
such a thing.
We have no new Peerless Buy signal from the current version
of Peerless.
I take the "Buy B8" from the 2006-Peerless to be
untrustworthy because
its back-testing omits the bear markets of the 1930s and
2007-2009. The
P-Indicator non-confirmation at the lower band is by a very
small amount.
The basic fact remains, namely that the severe divergence
between the DJI
and most of the rest of the market is about as wide as it
can get before the
DJI falls back into step.
The real hope here is that the tech heavy NASDAQ and QQQ
will limit
themselves to 20% declines. Watch to see if they can
do this. By most
measures, their leading stocks' PEs are still very high.
There are very few "Bullish MAXCPs" tonight.
I have had to put some
additional charts if this category by simply taking the top
Power Ranked
stocks in 22-a, 22-c, 22-r and 22-s. At least, these
are holding up well.
But the problem with the market now is that even the former
leaders
are weakening. Watch CORN, WEAT and UCO (Crude Oil)
to see
if they can still hold up. When they break their
65-dma, we will most
likely be in a deadly, accross-the-board bear market. |
|
| |
Charts - 4/26/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
Cum. Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80426.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Bullish MAXCPs http://www.tigersoftware.com/UPPING/4-26/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/4-26/BEARISH.htm |
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Weak DJI-30 Stocks need to stop pulling market down.
 |
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Table 1 QUICKSILVER on ETFS - 4/26/2022
Bullish = 4 - OIL, UUP (Dollar) CORN WEAT
Bearish = 7 - FAS, RETL, RSX, TECL, YINN, SOXL. Copper
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 332.45 -8.11 351.53 -241.3% Bearish RED -.067 0 ------
---------------------------------------------------------------------------------------------
SPY 416.1 -12.41 444.71 -331.5% Bearish RED -.093 -.013 -.106
---------------------------------------------------------------------------------------------
QQQ 317.14 -12.44 341.21 -434.2% Bearish RED -.169 -.043 -.212
---------------------------------------------------------------------------------------------
MDY 459.46 -14.06 492.64 -305.5% Bearish RED -.161 -.005 -.166
---------------------------------------------------------------------------------------------
IWM 187.74 -6.11 202.33 -349.6% Bearish RED -.197 -.025 -.222
---------------------------------------------------------------------------------------------
FAS 89.22 -7.85 111.83 -964.1% Bearish RED -.184 -.298 -.482 ---
---------------------------------------------------------------------------------------------
RETL 15.88 -1.79 20.44 -1424.2% Bearish RED -.175 -.285 -.46 ---
---------------------------------------------------------------------------------------------
SOXL 22.43 -3.24 28.5 -1182.8% Bearish RED -.265 -.39 -.655 ---
---------------------------------------------------------------------------------------------
TECL 40.91 -5.04 50.6 -1026% Bearish RED -.18 -.264 -.444 ---
---------------------------------------------------------------------------------------------
IBB 119.39 -4.79 129 -354.1% Bearish RED -.134 -.039 -.173
---------------------------------------------------------------------------------------------
GLD 177.32 .27 182.71 -124.5% ------- RED -.022 .063 .041
---------------------------------------------------------------------------------------------
OIL 17.85 .27 18.14 -50% Bullish BLUE .145 .174 .319 +++
---------------------------------------------------------------------------------------------
OIH 264.67 .08 300.64 -699.4% Bearish RED -.094 .121 .027
---------------------------------------------------------------------------------------------
CPER 26.9 -.37 28.4 -306% Bearish RED -.255 .034 -.221
---------------------------------------------------------------------------------------------
UUP 27.35 .17 26.81 64.8% Bullish BLUE .253 .106 .359 +++
---------------------------------------------------------------------------------------------
CORN 29.68 .34 29.88 1.7% Bullish ---- .256 .306 .562 +++
---------------------------------------------------------------------------------------------
WEAT 10.88 .23 10.91 -23.3% Bearish ---- .074 .454 .528 +++
---------------------------------------------------------------------------------------------
YINN 3.2 -.23 3.78 -1307.9% Bearish RED -.231 -.593 -.824 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.231 -.714 -.945 ---
|
Table 2 Count of Stocks in Key Directories
20220426
-------------------------------
NEWHIGHS 47
NEWLOWS 1165
Advances 557 1,634 2,269
Declines 2,759 1,710 1,059
MAXCP 3
MINCP 344
TTTNH 14
TTTNL 209
CPCROSSA 11
CPCROSSD 147
ACCUMVER 4
HIGHIP21 3
HIUPPCT 89
VHIP21 45
LOWACCUM 216
REDSELL 122
AUGSELS7 15
TRAPDOOR 35
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/26/22
Bullish = 6
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 .833 1 1 1
UTILITY .684 .657 .763 .815 .894 .868
EDU .666 .666 .5 .5 .5 .5
BEVERAGE .642 .642 .642 .714 .714 .714
MILITARY .538 .5 .615 .653 .769 .73
OILGAS .523 .552 .666 .78 .857 .857
=============================================================================================
RETAIL .489 .531 .51 .617 .638 .638
FOOD .469 .489 .734 .816 .836 .816
DJI-13 .461 .461 .461 .538 .615 .461
REIT .461 .569 .6 .646 .676 .63
HACKERS .45 .6 .55 .55 .65 .65
DOWJONES .4 .433 .4 .566 .6 .533
INFRA .393 .484 .515 .666 .818 .727
COMODITY .384 .41 .666 .794 .82 .794
GUNS .384 .384 .307 .384 .461 .461
JETS .384 .615 .615 .692 .615 .538
INDMATER .375 .472 .555 .68 .736 .736
CHEM .369 .413 .456 .521 .543 .521
FIDSTKS .366 .455 .479 .603 .656 .639
SP500 .339 .417 .419 .538 .598 .568
SP-100 .322 .422 .433 .566 .611 .566
TRANSP .315 .473 .421 .526 .526 .473
HOSPITAL .312 .437 .312 .75 .812 .687
RUS-1000 .303 .359 .387 .458 .496 .493
INDEXES .302 .362 .389 .475 .556 .583
MARIJUAN .25 .25 .25 .25 .25 .25
INSURANC .24 .44 .4 .68 .72 .64
NASD-100 .237 .319 .288 .381 .443 .463
SOFTWARE .214 .321 .25 .303 .41 .392
LOWPRICE .203 .222 .267 .322 .359 .365
BIOTECH .175 .25 .231 .272 .339 .334
HIGHPRIC .167 .237 .221 .354 .463 .451
NIFTY .152 .195 .195 .282 .391 .369
AUTO .132 .169 .113 .169 .207 .245
CHINA .12 .12 .14 .14 .16 .16
ELECTRON .12 .127 .142 .21 .293 .27
GOLD .108 .195 .5 .782 .913 .913
GAMING .105 .157 .105 .105 .315 .315
GREEN .105 .105 .21 .315 .526 .421
HOMEBLDG .105 .105 .105 .105 .157 .105
COMPUTER .1 .2 .15 .25 .25 .2
REGBANKS .08 .16 .16 .24 .28 .24
SEMI .073 .063 .063 .115 .189 .189
SOLAR .062 .125 .125 .187 .562 .625
ETFS .054 .127 .2 .309 .363 .327
FINANCE .048 .134 .134 .292 .341 .256
BIGBANKS 0 .142 .142 .142 .285 .142
BONDFUND 0 0 0 0 0 0
COPPER 0 0 0 .375 .875 .875
|
====================================================================================
Tuesday: 6:00 AM Futures DJI
-214 NASDAQ -83 Data used thru 4/25/2022
 |
 |
 |
 |
 |
 |
 |
 |
| Watch to see if
the stocks below break down below their key support. |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 4/22/2022
Bullish = 4 - OIL, UUP (Dollar) CORN WEAT
Bearish = 7 - FAS, RETL, RSX, TECL, YINN, SOXL. Copper
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 340.56 2.29 349.12 -51.1% ------- BLUE .024 ----- -----
---------------------------------------------------------------------------------------------
SPY 428.51 2.47 445.04 -107.9% Bearish BLUE 0 -.012 -.012
---------------------------------------------------------------------------------------------
QQQ 329.58 4.18 346.26 -135.1% Bearish BLUE -.083 -.046 -.129
---------------------------------------------------------------------------------------------
MDY 473.52 2.8 488.9 -47.2% Bearish BLUE -.03 .003 -.027
---------------------------------------------------------------------------------------------
IWM 193.85 1.17 201.56 -95% Bearish BLUE -.121 -.013 -.134
---------------------------------------------------------------------------------------------
FAS 97.07 .5 109.3 -352.6% Bearish BLUE -.083 -.285 -.368 ---
---------------------------------------------------------------------------------------------
RETL 17.67 .77 21.32 -381.6% Bearish BLUE -.15 -.263 -.413 ---
---------------------------------------------------------------------------------------------
SOXL 25.67 1.22 28.75 -242.8% Bearish BLUE -.198 -.413 -.611 ---
---------------------------------------------------------------------------------------------
TECL 45.95 1.98 50.73 -216.5% Bearish BLUE -.093 -.258 -.351 ---
---------------------------------------------------------------------------------------------
IBB 124.18 1.14 128.32 -115.2% Bearish BLUE -.093 -.024 -.117
---------------------------------------------------------------------------------------------
GLD 177.05 -3.24 181.82 -207.4% ------- RED .002 .072 .074
---------------------------------------------------------------------------------------------
OIL 17.58 -.26 18.03 -337.3% Bullish BLUE .135 .167 .302 +++
---------------------------------------------------------------------------------------------
OIH 264.59 -15.75 304.88 -740.8% Bearish RED -.024 .16 .136
---------------------------------------------------------------------------------------------
CPER 27.27 -.56 28.62 -347.3% ------- BLUE -.239 .003 -.236 ---
---------------------------------------------------------------------------------------------
UUP 27.18 .13 27 44.5% Bullish ---- .219 .095 .314 +++
---------------------------------------------------------------------------------------------
CORN 29.34 .4 29.67 -86.3% Bullish BLUE .258 .306 .564 +++
---------------------------------------------------------------------------------------------
WEAT 10.65 .07 10.93 -235% Bearish ---- .088 .465 .553 +++
---------------------------------------------------------------------------------------------
YINN 3.43 -.1 4.16 -1094.3% Bearish BLUE -.152 -.596 -.748 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.152 -.741 -.893 ---
|
Table 2 Count of Stocks in Key Directories
20220425
-------------------------------
NEWHIGHS 44
NEWLOWS 1066
Advances 1,634 538 1,256 (NYSE)
Declines 1,710 2,803 2,073 (NYSE)
MAXCP 7
MINCP 50
TTTNH 7
TTTNL 102
CPCROSSA 116
CPCROSSD 12
ACCUMVER 5
HIGHIP21 9
HIUPPCT 82
VHIP21 46
LOWACCUM 214
REDSELL 122
AUGSELS7 13
TRAPDOOR 9
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/25/22
Bullish = 9
Bearish = 39
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 .833 1 1 1 1
EDU .666 .5 .5 .5 .5 .5
UTILITY .657 .763 .815 .894 .868 .842
BEVERAGE .642 .642 .714 .714 .714 .714
JETS .615 .615 .692 .615 .538 .461
HACKERS .6 .55 .55 .65 .65 .6
REIT .569 .592 .653 .676 .63 .546
OILGAS .552 .666 .78 .857 .857 .838
RETAIL .531 .51 .617 .638 .638 .531
===============================================================================================
MILITARY .5 .615 .653 .769 .692 .615
===============================================================================================
FOOD .489 .734 .816 .836 .816 .816
INFRA .484 .515 .666 .818 .727 .727
TRANSP .473 .421 .526 .526 .473 .368
INDMATER .472 .555 .68 .736 .722 .694
DJI-13 .461 .461 .538 .615 .461 .461
FIDSTKS .455 .479 .603 .656 .633 .544
INSURANC .44 .4 .68 .72 .64 .6
HOSPITAL .437 .312 .75 .812 .687 .687
DOWJONES .433 .4 .566 .6 .533 .466
SP-100 .422 .433 .566 .611 .566 .477
SP500 .417 .419 .538 .594 .566 .475
CHEM .413 .456 .543 .521 .521 .434
COMODITY .41 .666 .794 .82 .794 .794
GUNS .384 .307 .384 .461 .461 .461
INDEXES .362 .389 .475 .556 .567 .454
RUS-1000 .359 .387 .458 .496 .491 .432
SOFTWARE .321 .25 .303 .41 .392 .357
NASD-100 .319 .288 .371 .443 .453 .309
BIOTECH .25 .231 .272 .339 .331 .311
MARIJUAN .25 .25 .25 .25 .25 .25
HIGHPRIC .237 .221 .354 .463 .435 .291
LOWPRICE .224 .264 .322 .359 .365 .341
COMPUTER .2 .15 .25 .25 .2 .15
GOLD .195 .5 .782 .913 .913 .913
NIFTY .195 .195 .26 .391 .369 .347
AUTO .169 .113 .169 .207 .226 .132
REGBANKS .16 .16 .24 .28 .24 .12
GAMING .157 .105 .105 .315 .315 .157
BIGBANKS .142 .142 .142 .285 .142 .142
FINANCE .134 .134 .292 .329 .256 .231
ELECTRON .127 .142 .21 .293 .263 .21
ETFS .127 .2 .309 .363 .345 .29
SOLAR .125 .125 .187 .562 .625 .625
CHINA .12 .14 .14 .16 .16 .18
GREEN .105 .21 .315 .526 .421 .315
HOMEBLDG .105 .105 .105 .157 .105 .105
SEMI .063 .063 .115 .189 .189 .168
BONDFUND 0 0 0 0 0 0
COPPER 0 0 .375 .875 .875 .875
|
=====================================================================================
Monday: 1:10 AM Futures DJI
-248 NASDAQ -120 Data used thru 4/22/2022
| |
In declines like this, diagonal trendlines do not
act as good support. Better
are previous bottoms near round numbers. See 330 on DIA
below. But
we cannot advise buying there at this stage. Downside
velocity is way too
high.
Multiple sets of Peerless Sells including Sell S9s also occurred
at the major tops
of 1929, 1960, 1973, 1981, 1987, 2000 and 2008. So, we knew
with the DJI
approaching a fourth Sells S9 a few days ago that time was
running out even
for the "safe" blue chips. Professionals en masse
immediately turned bearish
as FED Chairman Powell finally relented and accepted the
inevitability of a 1/2%
rate hike early in May. With prices of leading tech stocks
still far above the
levels of "irrational exhurberance" that Greenspan
noted in the year 2000, the
market's situation is now at a critical point. Any further
significant drop from here
this coming week would mean major support-failures in the NASDAQ,
QQQ,
TECL as well as IBB (biotechs) and NAIL (home-building).
Already the
speculative SOXL has violated its year-long support. And
even Bill Gates
has turned to shorting TSLA according to Barron's.
One half percent increases in rate are rare when interest rates
are below 3%.
The closest parallel I know of is when rates were raised by 1/2%
in the Fall of
1931 to prevent a run on the Dollar as had just happened to the
English Pound
when it was forced off the Gold Standard. Already in
a bear market, that made
the DJI plunge 25% in September 1931 amidst hundreds of bank
failures and
President Hoover blamed the decline on leading Democrat-bankers
for their
organized heavy shorting campaigns on down-ticks.
At this point, we still see rising trends in UCO (Crude Oil),
Food Commodities
(DBC) and in AAPL and UNH (United Health Care. But they
turned down
sharply on Friday and MSFT has fallen to important support.
Without a
new Peerless Buy signal, with multiple Peerless Sells and falling
Closing Powers,
I can only hope that readers here have reduced their long
positions to a minimum
and have availed themslves of some of the many bearish MINCPs for
short
sales. Almost nothing looks like a Buy based on our Power
Ranking system
of 2021. There are now many, many bearish MINCPs.
Look at the number
of new lows in Table 2 - 1045. One out of every seven
stocks is already
making a new low. Shorting weak stocks is paying off,
why fight it? Even
Bill Gates sees the opportunities. Why should only market
Professionals be
allowed to make money in a bear market?
|
|
| |
Charts - 4/22/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
Cum. Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80422.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU
OIH PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities:
CANE CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU SOYB
WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM LRCX MRK MRNA MOS
MSFT NEM NFLX NKE NUE NVDA PANW PG PYPL REGN REV SO SQ QCOM
QDEL TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM
Bullish MAXCPs http://www.tigersoftware.com/UPPING/4-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/4-22/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
There a few stocks and
inflation-hedges that are sill holding up:
 |
 |
 |
 |
Watch MSFT closely tomorrow.
It is a key blue chip and is
now testing critical support.
|
| |
Table 1 QUICKSILVER on ETFS - 4/22/2022
Bullish = 4 - OIL, UUP (Dollar) CORN WEAT
Bearish = 7 - FAS, RETL, RSX, TECL, YINN, SOXL. Copper
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 338.27 -9.44 344.1 -86.7% Bearish RED -.002 0 ------
---------------------------------------------------------------------------------------------
SPY 426.04 -12.02 437.97 -133.3% Bearish RED -.029 -.015 -.044
---------------------------------------------------------------------------------------------
QQQ 325.4 -8.75 338.69 -191.8% Bearish RED -.116 -.058 -.174
---------------------------------------------------------------------------------------------
MDY 470.72 -13 478.08 -85.6% Bearish RED -.079 .004 -.075
---------------------------------------------------------------------------------------------
IWM 192.68 -5.12 197.62 -157.3% Bearish RED -.147 -.013 -.16
---------------------------------------------------------------------------------------------
FAS 96.57 -9.37 104.52 -327.9% Bearish RED -.136 -.284 -.42
---------------------------------------------------------------------------------------------
RETL 16.9 -2.26 19.15 -687% Bearish RED -.16 -.317 -.477
---------------------------------------------------------------------------------------------
SOXL 24.45 -1.76 26.98 -213.2% Bearish RED -.211 -.467 -.678
---------------------------------------------------------------------------------------------
TECL 43.97 -4.06 48.04 -369.4% Bearish RED -.147 -.321 -.468
---------------------------------------------------------------------------------------------
IBB 123.04 -2.92 127.1 -304.9% Bearish RED -.115 -.035 -.15
---------------------------------------------------------------------------------------------
GLD 180.29 -1.77 184.61 -102.4% ------- RED .024 .107 .131
---------------------------------------------------------------------------------------------
OIL 17.84 -.51 18.81 -244.4% Bearish RED .054 .2 .254
---------------------------------------------------------------------------------------------
OIH 280.34 -6.57 308.48 -361.6% Bearish RED -.061 .246 .185
---------------------------------------------------------------------------------------------
CPER 27.83 -.59 29.25 -132.6% Bearish RED -.369 .039 -.33
---------------------------------------------------------------------------------------------
UUP 27.05 .16 26.94 40.9% Bullish BLUE .217 .112 .329
---------------------------------------------------------------------------------------------
CORN 28.94 -.46 29.85 -45.6% Bullish RED .197 .297 .494
---------------------------------------------------------------------------------------------
WEAT 10.58 -.09 11.16 -151.2% Bearish RED .058 .452 .51
---------------------------------------------------------------------------------------------
YINN 3.53 .08 4.27 -1072.3% Bearish RED -.162 -.579 -.741
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.162 -.723 -.885
|
Table 2 Count of Stocks in Key Directories
20220422
-------------------------------
NEWHIGHS 63
NEWLOWS 1045
Advances 538 656 1,222 (NYSE)
Declines 2,803 2,659 2,112 (NYSE)
MAXCP 3 almost nothing!
MINCP 306
TTTNH 9
TTTNL 160
CPCROSSA 14
CPCROSSD 150
ACCUMVER 7
HIGHIP21 5
HIUPPCT 76
VHIP21 45
LOWACCUM 203
REDSELL 117
AUGSELS7 16
TRAPDOOR 20
|
Table 3 - RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/22/22
Bullish = 14
Bearish = 33
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL .833 1 1 1 1 1
UTILITY .763 .815 .894 .868 .842 .868
FOOD .734 .816 .836 .816 .816 .775
COMODITY .666 .794 .82 .794 .794 .769
OILGAS .666 .78 .857 .857 .838 .828
BEVERAGE .642 .714 .714 .714 .714 .642
JETS .615 .692 .615 .538 .461 .461
MILITARY .615 .653 .769 .692 .615 .653
REIT .592 .646 .684 .63 .515 .576
INDMATER .555 .68 .736 .722 .694 .694
HACKERS .55 .55 .65 .65 .6 .65
INFRA .515 .666 .818 .727 .727 .696
RETAIL .51 .617 .638 .638 .531 .553
==============================================================================================
EDU .5 .5 .5 .5 .5 .5
GOLD .5 .782 .913 .913 .913 .913
==============================================================================================
FIDSTKS .479 .603 .656 .633 .544 .55
DJI-13 .461 .538 .615 .461 .461 .461
CHEM .456 .543 .543 .5 .456 .478
SP-100 .433 .566 .611 .566 .477 .477
TRANSP .421 .526 .526 .473 .368 .368
SP500 .419 .538 .594 .562 .481 .493
DOWJONES .4 .566 .6 .533 .466 .466
INSURANC .4 .68 .72 .64 .64 .64
INDEXES .389 .475 .556 .567 .427 .486
RUS-1000 .387 .458 .496 .491 .42 .455
HOSPITAL .312 .75 .812 .687 .625 .687
GUNS .307 .384 .461 .461 .461 .384
NASD-100 .288 .371 .432 .453 .309 .35
LOWPRICE .266 .319 .358 .364 .343 .374
MARIJUAN .25 .25 .25 .25 .25 .25
SOFTWARE .25 .303 .41 .392 .357 .392
BIOTECH .231 .272 .339 .331 .309 .403
HIGHPRIC .221 .354 .463 .435 .291 .319
GREEN .21 .315 .526 .421 .315 .368
ETFS .2 .309 .363 .345 .309 .29
NIFTY .195 .26 .369 .369 .347 .304
REGBANKS .16 .24 .28 .24 .12 .08
COMPUTER .15 .25 .25 .2 .15 .15
BIGBANKS .142 .142 .285 .142 .142 .142
ELECTRON .142 .21 .293 .263 .21 .187
CHINA .14 .14 .16 .16 .18 .2
FINANCE .134 .292 .329 .243 .231 .219
SOLAR .125 .187 .562 .625 .625 .625
AUTO .113 .169 .207 .226 .15 .15
GAMING .105 .105 .315 .315 .157 .157
HOMEBLDG .105 .105 .157 .105 .105 .105
SEMI .063 .115 .189 .189 .168 .136
BONDFUND 0 0 0 0 0 0
COPPER 0 .375 .875 .875 .875 .875
|
====================================================================================
Friday: 5:55 AM Futures DJI
-107 NASDAQ -7 Data used thru 4/21/2022
| |
Today the DJI fell
nearly 700 points from its pre-NYSE high to its close.
It reached a point 2.95% over its
21-day ma with its P-Indicator and
IP21-Accumulation negative.
Had the DJI been able to hold this level,
we would have gotten our fourth
Sell S9 on this, the top of 2022. But
selling by numerous
"big-guns" simply turned the day into a particularly
broad and deep reversal down.
Were there really so many Peerless
users who "jumped the gun" and
sold early? No. Not
really. Instead, it was FED Chairman who routed
the market today. All he had
to say was that a 0.50% rate hike was
simply "on the table"
because of inflation, and down went the DJI-30
and just about everything else.
Unless the 10% rate of inflation
suddenly cools off, he's going to
have to saying this three, four of
five more times more.
Look at the charts below. See
how the Closing Powers not just for
DIA, but SPY, QQQ, TECL, SOXL amd
also biotechs (IBB) and
NRGU (big oil stocks) broke their
uptrends. The now penetrated
65-dma invite a re-test of the
year's lows for the technologies. Even
Gold and Silver are not havens.
Watch today to see if SOXL breaks
to a new low and what happens
to bonds at their 12-month lows.
If Big Oil and Crude Oil keep
falling, it will remnd us of the
market in mid-2008. It was at that
point, even the blue-chips and the
DJI started falling most dramatically.
There are lots of bearish MINCPs to
sell short. That has to be
advised again. The number of
still bullish stocks with still viable
Closing Power uptrends is quite
limited. Again, I would remind
readers that it was soups, candy
bars and canned food that held
up best in the early days of the
1930s' Depression. We should
not expect them along with Soft
Drink makers and Phillip Morris
to keep the bull market long alive
in 2022. Watch the number of new
lows again today. The probabilities
seem high that their number
will keep growing. Quite a
few big names were humbled today
by declines of more than 10% today.
VIAC -6.41, ENPH - 21.97,
PLUG, CENX and AA are a few of
these. Less well-known stocks
like Monarch Casinos are making new
highs one day and down 20%
and more the next. Stocks are
becoming quite dangerous. |
|
| |
Charts - 4/21/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
Cum. Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM TNA Short-Term Rates Ten Year Rates
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80421.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NUGT OIH PALL
RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, SOYB WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
MRNA DIS GE PYPL GME ZOM XLE NRGU
AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU
BLDP CAT CRM CVX CMG DE ENPH FB GILD GOOG GS HD IBM INTU
JPM LRCX MRK MSFT NEM NFLX NKE NVDA PG PYPL REGN
REV SO SQ QCOM QDEL TSLA TXN XOM V VRTX WFC WMT ZM
Bullish MAXCPs http://www.tigersoftware.com/UPPING/4-21/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/4-21/BEARISH.htm |
|
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 |
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 |
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 |
 |
Table 1 QUICKSILVER on ETFS - 4/21/2022
Bullish = 4 - OIL, UUP (Dollar) CORN WEAT
Bearish = 7 - FAS, RETL, RSX, TECL, YINN, SOXL. Copper
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 347.71 -3.82 344.29 28.1% Bullish RED .022 0 ------
---------------------------------------------------------------------------------------------
SPY 438.06 -6.65 437.79 -59.4% Bearish RED -.01 -.009 -.019
---------------------------------------------------------------------------------------------
QQQ 334.15 -7.06 338.43 -178.3% Bearish RED -.109 -.05 -.159
---------------------------------------------------------------------------------------------
MDY 483.72 -8.92 479.01 19.4% Bearish RED -.083 .012 -.071
---------------------------------------------------------------------------------------------
IWM 197.8 -4.53 198.96 -77.6% Bearish RED -.131 -.005 -.136
---------------------------------------------------------------------------------------------
FAS 105.94 -5.89 103.59 -56.9% Bearish RED -.121 -.242 -.363 ---
---------------------------------------------------------------------------------------------
RETL 19.16 -1.28 19.64 -258.1% ------- RED -.119 -.223 -.342 ---
---------------------------------------------------------------------------------------------
SOXL 26.21 -2.29 25.61 -330% Bearish RED -.198 -.418 -.616 ---
---------------------------------------------------------------------------------------------
TECL 48.03 -2.57 47.59 -327.3% Bearish RED -.074 -.254 -.328 ---
---------------------------------------------------------------------------------------------
IBB 125.96 -3.04 130.86 -252.4% Bearish RED -.105 -.023 -.128
---------------------------------------------------------------------------------------------
GLD 182.06 -.65 184.04 -70.5% Bullish BLUE .097 .086 .183
---------------------------------------------------------------------------------------------
OIL 18.35 .21 18.74 -73.1% ------- RED .087 .212 .299 +++
---------------------------------------------------------------------------------------------
OIH 286.91 -13.73 302.08 -177.9% ------- RED -.031 .259 .228
---------------------------------------------------------------------------------------------
CPER 28.42 .02 28.59 -31.4% ------- RED -.312 .061 -.251 ---
---------------------------------------------------------------------------------------------
UUP 26.89 .08 26.83 33.5% Bullish BLUE .199 .07 .269 +++
---------------------------------------------------------------------------------------------
CORN 29.4 -.48 29.21 50.8% Bullish RED .217 .3 .517 +++
---------------------------------------------------------------------------------------------
WEAT 10.67 -.24 10.91 -181.9% Bearish RED .046 .44 .486 +++
---------------------------------------------------------------------------------------------
YINN 3.45 -.33 4.39 -1300.2% Bearish RED -.115 -.603 -.718 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.115 -.753 -.868 ---
|
Table 2 Count of Stocks in Key Directories
20220421
-------------------------------
NEWHIGHS 269
NEWLOWS 731
NYSE Advances 656 2,118 1,222
NYSE Declines 2,659 1,195 2,112
MAXCP 14
MINCP 179
TTTNH 26
TTTNL 99
CPCROSSA 4
CPCROSSD 374
ACCUMVER 4
HIGHIP21 10
HIUPPCT 70
VHIP21 47
LOWACCUM 205
REDSELL 115
AUGSELS7 22
TRAPDOOR 36
|
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/21/22
Bullish = 23
Bearish = 25
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 1 1 1 1
FOOD .816 .836 .816 .816 .775 .795
UTILITY .815 .894 .868 .842 .868 .894
COMODITY .794 .82 .794 .794 .769 .769
GOLD .782 .913 .913 .913 .913 .913
OILGAS .78 .857 .857 .838 .828 .819
HOSPITAL .75 .812 .687 .625 .687 .687
BEVERAGE .714 .714 .714 .714 .642 .642
JETS .692 .615 .538 .461 .461 .461
INDMATER .68 .736 .722 .694 .68 .694
INSURANC .68 .72 .64 .64 .64 .64
INFRA .666 .818 .727 .727 .696 .666
MILITARY .653 .769 .692 .615 .653 .653
REIT .646 .676 .638 .515 .576 .569
RETAIL .617 .638 .638 .531 .553 .574
FIDSTKS .603 .656 .633 .544 .55 .585
DOWJONES .566 .6 .533 .466 .466 .5
SP-100 .566 .611 .566 .477 .477 .511
HACKERS .55 .65 .65 .6 .6 .6
CHEM .543 .543 .521 .434 .5 .434
DJI-13 .538 .615 .461 .461 .461 .538
SP500 .538 .594 .562 .477 .491 .506
TRANSP .526 .526 .473 .368 .368 .368
===============================================================================================
EDU .5 .5 .5 .5 .5 .5
===============================================================================================
INDEXES .475 .556 .567 .427 .47 .529
RUS-1000 .458 .496 .491 .42 .45 .455
GUNS .384 .461 .461 .461 .384 .307
COPPER .375 .875 .875 .875 .875 .875
NASD-100 .371 .432 .443 .309 .34 .402
HIGHPRIC .354 .463 .435 .291 .319 .389
LOWPRICE .323 .356 .361 .343 .366 .371
GREEN .315 .526 .421 .315 .368 .473
ETFS .309 .363 .345 .309 .309 .345
SOFTWARE .303 .41 .392 .357 .375 .446
FINANCE .292 .329 .243 .219 .219 .219
BIOTECH .272 .339 .331 .309 .395 .428
NIFTY .26 .369 .347 .347 .304 .347
COMPUTER .25 .25 .2 .15 .15 .25
MARIJUAN .25 .25 .25 .25 .25 .25
REGBANKS .24 .28 .24 .12 .08 .12
ELECTRON .21 .293 .263 .21 .187 .203
SOLAR .187 .562 .625 .625 .625 .687
AUTO .169 .207 .226 .15 .15 .207
BIGBANKS .142 .285 .142 .142 .142 .142
CHINA .14 .16 .16 .18 .2 .22
SEMI .115 .189 .189 .168 .136 .147
GAMING .105 .315 .315 .157 .157 .157
HOMEBLDG .105 .157 .105 .105 .105 .105
BONDFUND 0 0 0 0 0 0
|
====================================================================================
Thursday: 5:45 AM Futures DJI
+250 NASDAQ +174 Data
used thru 4/20/2022
| |
Hopes for a "smooth landing" and the
avoidance of a recession with a severe
break in the market continued to hold sway among traders.
They forget
that Inflation breeds "anticipatory buying" at the end
of the cycle. In other words,
the rush to start new houses this last quarter may be due to
fears that home
building costs will go much higher and it will be better to get
started now.
That, at least, is how the current Peerless chart of the DJI
might be interpreted.
In it, as shown below, we see three separate Sell S9s. And
a fourth seems
on the way unless the P-I, V-I and IP21-Accum.Index can turn
positive today
or tomorrow and thereby avoiding the negative non-confirmations
that produce
Sell S9s if the DJI closes 2.4% over its 21-day ma. That is
only abut 400 points
higher on the DJI.
Bond yields did finally fall a bit today. That lifted bonds
for the first time
in a long while. The trend there is not changed and remains
bearish. Of
real concern was the panic selling in former high flyer, NetFlix
(NFLX)
which fell 30% just today. Is this a taste of more to come?
The leading stocks today were consumer staples. Candy bars,
soups
and soft drinks. Exactly what one would expect to be the
leadership
if a serious economic decline lay ahead. Oppositely, we see
an inability for
speculative semi-conductors to rise up from the floor of their
year-long support
levels.
The Bullish MAXCPs and Bearish MINCPs give us plenty of choices
for hedging now while we wait for the next Peerless Sell signal.
The
rising Closing Power for DIA should be respected for now.
There is
still a good chance that the DJI-30 will rise all the way back to
its
former highs of the year and form a perfect broadening top
pattern.
A breakout by high priced United Healtchcare (UNH) could cause
this
just by its own breaking above its rising price channel.
|
|
| |
Charts - 4/20/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
Cum. Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM TNA Short-Term Rates Ten Year Rates
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80420.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NUGT OIH PALL
RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, SOYB WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
MRNA DIS GE PYPL GME ZOM XLE NRGU
AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU
BLDP CAT CRM CVX CMG DE ENPH FB GILD GOOG GS HD IBM INTU
JPM LRCX MRK MSFT NEM NFLX NKE NVDA PG PYPL REGN
REV SO SQ QCOM QDEL TSLA TXN XOM V VRTX WFC WMT ZM
Bullish MAXCPs http://www.tigersoftware.com/UPPING/4-20/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/4-20/BEARISH.htm |
|
DJIA seems headed for a fourth Sell S9
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 4/20/2022
Bullish = 3 - OIL, CORN WEAT
Bearish = 5 - FAS, RSX, YINN, SOXL. Copper
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 351.53 2.41 345.76 134.9% Bullish BLUE .094 0 ---
---------------------------------------------------------------------------------------------
SPY 444.71 -.33 443.31 72.9% Bullish RED .062 -.007 .055
---------------------------------------------------------------------------------------------
QQQ 341.21 -5.05 346.35 25.7% ------- RED -.023 -.041 -.064
---------------------------------------------------------------------------------------------
MDY 492.64 3.74 481.84 192.7% ------- BLUE -.056 .029 -.027
---------------------------------------------------------------------------------------------
IWM 202.33 .77 200.91 129.7% Bearish RED -.078 .013 -.065
---------------------------------------------------------------------------------------------
FAS 111.83 2.53 107.16 251.9% ------- BLUE -.076 -.192 -.268 ---
---------------------------------------------------------------------------------------------
RETL 20.44 -.88 20.2 365.1% ------- RED -.06 -.125 -.185
---------------------------------------------------------------------------------------------
SOXL 28.5 -.25 28.03 416.6% Bearish RED -.165 -.345 -.51 ---
---------------------------------------------------------------------------------------------
TECL 50.6 -.13 51.28 159.1% ------- RED .012 -.207 -.195
---------------------------------------------------------------------------------------------
IBB 129 .68 132.5 -10.4% Bearish ---- -.032 -.022 -.054
---------------------------------------------------------------------------------------------
GLD 182.71 .89 184.65 -28.8% Bullish BLUE .089 .072 .161
---------------------------------------------------------------------------------------------
OIL 18.14 .11 18.62 -10.8% Bullish RED .084 .161 .245
---------------------------------------------------------------------------------------------
OIH 300.64 -4.24 297.68 162.6% ------- RED .026 .269 .295 +++
---------------------------------------------------------------------------------------------
CPER 28.4 -.22 28.6 -29.6% ------- BLUE -.292 .037 -.255 ---
---------------------------------------------------------------------------------------------
UUP 26.81 -.19 26.71 -1.9% Bullish ---- .168 .047 .215
---------------------------------------------------------------------------------------------
CORN 29.88 .21 29.1 170.4% Bullish BLUE .283 .295 .578 +++
---------------------------------------------------------------------------------------------
WEAT 10.91 -.02 11.07 -49.9% ------- ---- .055 .465 .52 +++
---------------------------------------------------------------------------------------------
YINN 3.78 -.38 4.55 -599.9% Bearish RED -.064 -.578 -.642 ---
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- -.064 -.766 -.83 ---
|
Table 2 Count of Stocks in Key Directories
20220420
-------------------------------
NEWHIGHS 239
NEWLOWS 302
NYSE
Advances 2,118 2,269 2,450
Declines 1,195 1,059 891
MAXCP 89
MINCP 38
TTTNH 67
TTTNL 26
CPCROSSA 68
CPCROSSD 67
ACCUMVER 7
HIGHIP21 11
HIUPPCT 63
VHIP21 46
LOWACCUM 203
REDSELL 117
AUGSELS7 11
TRAPDOOR 11
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/20/22
Bullish = 27
Bearish = 21
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 1 1 1 1
GOLD .913 .913 .913 .913 .913 .913
UTILITY .894 .868 .842 .868 .894 .894
COPPER .875 .875 .875 .875 .875 .875
OILGAS .857 .857 .838 .828 .819 .78
FOOD .836 .816 .816 .775 .795 .816
COMODITY .82 .794 .794 .769 .769 .769
INFRA .818 .727 .727 .696 .666 .636
HOSPITAL .812 .687 .625 .687 .687 .75
MILITARY .769 .692 .615 .653 .653 .538
INDMATER .736 .722 .694 .68 .694 .611
INSURANC .72 .64 .64 .64 .64 .68
BEVERAGE .714 .714 .714 .642 .642 .714
REIT .676 .63 .523 .576 .569 .453
FIDSTKS .656 .633 .544 .55 .579 .485
HACKERS .65 .65 .6 .6 .6 .55
RETAIL .638 .638 .531 .553 .574 .468
DJI-13 .615 .461 .461 .461 .538 .461
JETS .615 .538 .461 .461 .461 .076
SP-100 .611 .566 .477 .477 .511 .455
DOWJONES .6 .533 .466 .466 .5 .433
SP500 .594 .562 .477 .487 .504 .455
SOLAR .562 .625 .625 .625 .687 .687
INDEXES .556 .567 .427 .47 .518 .454
CHEM .543 .521 .456 .478 .456 .369
GREEN .526 .421 .315 .368 .473 .368
TRANSP .526 .473 .368 .368 .368 .105
==========================================================================================
EDU .5 .5 .5 .5 .5 .5
===========================================================================================
RUS-1000 .496 .491 .42 .45 .453 .377
HIGHPRIC .463 .435 .291 .319 .365 .307
GUNS .461 .461 .461 .384 .307 .307
NASD-100 .432 .443 .298 .34 .402 .329
SOFTWARE .41 .392 .357 .375 .428 .357
NIFTY .369 .347 .326 .304 .347 .282
ETFS .363 .345 .309 .309 .345 .29
LOWPRICE .358 .361 .34 .366 .374 .33
BIOTECH .339 .331 .309 .395 .423 .345
FINANCE .329 .243 .219 .207 .219 .195
GAMING .315 .315 .157 .157 .157 .21
ELECTRON .293 .263 .21 .187 .195 .165
BIGBANKS .285 .142 .142 .142 .142 .142
REGBANKS .28 .24 .12 .08 .12 .08
COMPUTER .25 .2 .15 .15 .25 .15
MARIJUAN .25 .25 .25 .25 .25 .25
AUTO .207 .226 .15 .15 .188 .188
SEMI .189 .189 .168 .136 .147 .115
CHINA .16 .16 .18 .2 .22 .16
HOMEBLDG .157 .105 .105 .105 .105 .105
BONDFUND 0 0 0 0 0 0
|
====================================================================================
Wednesday: 6:10 AM Futures DJI
+122 NASDAQ +52 Data
used thru 4/19/2022
| |
After the opening on Tuesday, housing
starts were reported to have jumped up
at an unexpectedly sharp pace. Perhaps, there
can be a "soft landing."
https://www.cnbc.com/2022/04/19/us-housing-starts-unexpectedly-rise-in-march-building-permits-increase.html
Professionals (as judged by
our Closing Power) were quick to buy not just housing
stocks but many cyclicals, consumer goods' and even
oversold semi-conductors (SOXL),
See how nearly all the key the Closing Powers broke
their downtrends. Now we see why
home-building Closing Power downtrends were broken a
few days earlier. Such breaks
usually bring more of a rally. Based on the
DJI, there is 2% more upside before we
may get another Sell S9.
As is often noted here, bear market tops in the DJI take a long time to unfold. The
A/D Line can be lagging the DJI for nearly a year.
*The DJI-30 is often the last
major index to top out and we may even see four S9s
before there is a big decline.
That was true in 1929, 1973, 1974, 1999-2000 and
2007-2008. We now have
three. A fourth could occur if our P-I, IP21
and V-Indicators do not turn positive
and the DJI were to rally another 2%.
When you go short some of our bearish MINCPs, it is
advisable to be aware of
each short's Closing Power trend. If you
run our software, the Candle-stick
programs even tell you how much of a move up
from the opening will break the
CP downtrend. Usually, it is best just to
simply watch for breaks of the steep CP
downtrends. Look for example, at NAIL
below. This is the leveraged
Homebuilding ETF. I noted several
days ago that NAIL was down 70% from
its yearly high and its steep CP downtrend was
violated. As a result, I suggested
covering our short in it. Closing Power
trends to lead actual prices. They
reflect the behavior and sentiment of NY
Professionals who do most of their
trading after the opening.
Another trait we saw in yesterday's rally
was that many of the biggest jumps took
place in extremely oversold and
much shorted home-builders. When Professional
shorts cover like they did today, expect
more of a rally. A one-day bounce
is not what they expect.
Our bearish MINCPs tonight again consist
mostly of bond funds. Industry
dominations of the bearish MINCPs tends
to mean the decline will likely
continue. You can easily see how
BOND's weak Closing Power (its new
lows) confirms the heavy big money
selling shown by the very negative
Accumulation Index.
|
|
| |
Charts - 4/19/2022
2022 PEERLESS DJI, Signals,
Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20
Pct
of All Stocks above 65-dma
Inverted Traders Index
Cum. Inverted Traders Index
DJI-IPA DJI-OBV
NASDAQ S&P OEX NYSE DJI-15 DJI-20 DJI-30
DIA QQQ SPY IWM TNA Short-Term Rates Ten Year Rates
DOLLAR-UUP ALLSTOCKs
recent 2006 vers-Peerless signals
http://tigersoftware.com/NEWPEER/UPD80419.BMP
MDY - http://www.tigersoftware.com/CHARTZ/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NUGT OIH PALL
RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA
China: YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, SOYB WEAT UUP (Dollar) LIT
(Lithium)
STOCKS:
MRNA DIS GE PYPL GME ZOM XLE NRGU
AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU
BLDP CAT CRM CVX CMG DE ENPH FB GILD GOOG GS HD IBM INTU
JPM LRCX MRK MSFT NEM NFLX NKE NVDA PG PYPL REGN
REV SO SQ QCOM QDEL TSLA TXN XOM V VRTX WFC WMT ZM
Bullish MAXCPs http://www.tigersoftware.com/UPPING/4-19/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/4-19/BEARISH.htm |
|
Weakness in BOND is likely to
continue. See how IP21 is deeply
negative and below its 21-day ma.
and how its Closing Power downtrend
has not been broken
|
NAIL warned us of a possible recovery
in homebuilding stocks by virtue of the
break in its steep CP downtrend a
few days ago.
 |
DJI is back above its falling 65-dma. But its P-I, IP21 and V-I are
now negative. A rally of 2% from here could bring a new Sell S9 or S12.
 |
DIA's Closing Power breakout suggests higher prices for DIA
before it tops out again.
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 QUICKSILVER on ETFS - 4/19/2022
Bullish = 4 - OIH-OIL, CORN WEAT
Bearish = 4 - RSX, YINN, SOXL. Copper
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
==================================================================================================
DIA 349.12 5.02 342.22 86.1% Bullish BLUE .098 ----- ----
---------------------------------------------------------------------------------------------
SPY 445.04 7.07 438.29 58.3% Bullish BLUE .091 -.003 .088
---------------------------------------------------------------------------------------------
QQQ 346.26 7.57 339.45 78.8% Bullish BLUE .028 -.028 0
---------------------------------------------------------------------------------------------
MDY 488.9 10.82 474.13 147.8% ------- BLUE -.056 .028 -.028
---------------------------------------------------------------------------------------------
IWM 201.56 3.94 197.16 126.6% Bearish BLUE -.072 .021 -.051
---------------------------------------------------------------------------------------------
FAS 109.3 4.78 106.48 -31.5% ------- BLUE -.068 -.199 -.267
---------------------------------------------------------------------------------------------
RETL 21.32 2.17 18.99 500.8% ------- BLUE -.032 -.067 -.099
---------------------------------------------------------------------------------------------
SOXL 28.75 1.77 26.24 423.7% ------- BLUE -.112 -.333 -.445
---------------------------------------------------------------------------------------------
TECL 50.73 2.69 49.03 109.9% Bullish BLUE .109 -.215 -.106
---------------------------------------------------------------------------------------------
IBB 128.32 1.22 129.27 -75% Bearish BLUE -.067 -.013 -.08
---------------------------------------------------------------------------------------------
GLD 181.82 -2.79 183.77 -15% Bullish RED .074 .082 .156
---------------------------------------------------------------------------------------------
OIL 18.03 -.78 18.18 122.4% Bullish RED .116 .161 .277
---------------------------------------------------------------------------------------------
OIH 304.88 -3.6 290.86 350.8% Bullish BLUE -.006 .306 .3
---------------------------------------------------------------------------------------------
CPER 28.62 -.63 28.57 90.8% ------- ---- -.34 .048 -.292
---------------------------------------------------------------------------------------------
UUP 27 .06 26.82 50.4% Bullish ---- .216 .062 .278
---------------------------------------------------------------------------------------------
CORN 29.67 -.18 28.88 218.3% Bullish RED .261 .32 .581
---------------------------------------------------------------------------------------------
WEAT 10.93 -.23 11.02 45.5% ------- RED .077 .486 .563
---------------------------------------------------------------------------------------------
YINN 4.16 -.11 4.3 -239.9% ------- BLUE 0 -.536 -.536
---------------------------------------------------------------------------------------------
RSX 5.65 0 5.65 0% ------- ---- 0 -.76 -.76
|
Table 2 Count of Stocks in Key Directories
20220419
-------------------------------
NEWHIGHS 188
NEWLOWS 591
NYSE Advances 2,269 1,256 1,660
NYSE Declines 1,059 2,073 1,645
MAXCP 61
MINCP 47
TTTNH 61
TTTNL 22
CPCROSSA 199
CPCROSSD 34
ACCUMVER 3
HIGHIP21 12
HIUPPCT 56
VHIP21 46
LOWACCUM 200
REDSELL 117
AUGSELS7 12
TRAPDOOR 8
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
4/19/22
Bullish 24
Bearish 24
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COAL 1 1 1 1 1 1
GOLD .913 .913 .913 .913 .913 .891
COPPER .875 .875 .875 .875 .875 .875
UTILITY .868 .842 .868 .894 .894 .842
OILGAS .857 .838 .828 .819 .78 .78
FOOD .816 .816 .775 .795 .795 .816
COMODITY .794 .794 .769 .769 .769 .794
INFRA .727 .727 .696 .666 .636 .636
INDMATER .722 .694 .68 .694 .611 .597
BEVERAGE .714 .714 .642 .642 .642 .642
MILITARY .692 .615 .653 .653 .538 .538
HOSPITAL .687 .625 .687 .687 .687 .687
HACKERS .65 .6 .6 .6 .55 .55
INSURANC .64 .64 .64 .64 .64 .68
RETAIL .638 .531 .553 .574 .468 .489
FIDSTKS .633 .544 .55 .579 .479 .479
REIT .63 .515 .584 .569 .446 .407
SOLAR .625 .625 .625 .687 .687 .75
INDEXES .567 .427 .47 .518 .454 .448
SP-100 .566 .477 .477 .511 .455 .455
SP500 .562 .477 .487 .5 .449 .461
JETS .538 .461 .461 .461 .076 .076
DOWJONES .533 .466 .466 .5 .433 .433
CHEM .521 .456 .5 .434 .391 .347
=============================================================================================
/EDU .5 .5 .5 .5 .5 .5
=============================================================================================
RUS-1000 .491 .42 .45 .453 .377 .359
TRANSP .473 .368 .368 .368 .105 .105
DJI-13 .461 .461 .461 .538 .461 .461
GUNS .461 .461 .384 .307 .307 .307
NASD-100 .443 .298 .329 .402 .309 .34
HIGHPRIC .435 .291 .319 .365 .303 .338
GREEN .421 .315 .368 .473 .368 .368
SOFTWARE .392 .357 .375 .428 .339 .339
LOWPRICE .363 .34 .363 .374 .333 .343
NIFTY .347 .326 .282 .347 .26 .26
ETFS .345 .309 .309 .345 .309 .29
BIOTECH .331 .309 .395 .423 .342 .403
GAMING .315 .157 .157 .157 .21 .21
ELECTRON .263 .21 .187 .195 .157 .165
MARIJUAN .25 .25 .25 .25 .25 .25
FINANCE .243 .219 .207 .207 .182 .207
REGBANKS .24 .12 .08 .12 .08 .12
AUTO .226 .15 .15 .188 .188 .169
COMPUTER .2 .15 .15 .25 .15 .15
SEMI .189 .168 .136 .147 .105 .115
CHINA .16 .18 .2 .22 .16 .18
BIGBANKS .142 .142 .142 .142 .142 .142
HOMEBLDG .105 .105 .105 .105 .105 .105
BONDFUND 0 0 0 0 0 0
|
====================================================================================
