NEW HOTLINE 7-21-2023 Tiger
Software (C) 2023
Hotline Address will change Sunday.
Look for email from us giving new address on Saturday.
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The Hotline's price
is now $440 for a year. To renew please send a check
to William Schmidt, 5834 Kantor STREET, San Diego, CA 92122.
Visa or MC Credit Cards seem to be working again. But checks are
desired,
as the banks are declining too many cards even when the card numbers we
enter are correct. The Data Page for a year is now $240.
william_schmidt@hotmail.com
Recent Peerless Hotlines http://tigersoftware.com/707/oldindex.htm
www.tigersoftware.com/sage22/INDEX.htm
www.tigersoftware.com/dante43/INDEX.htm
www.tigersoftware.com/5HLM/INDEX.htm
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New Free Book -
DJI History by Decade: 1950-2020: Technicals, Signals
and Events
Events will be added soon for each decade. See 1950-1960 now..
Emphasis is on how FED and also political events shaped market trends.
1950 to 1959-1960 http://tigersoftware.com/z/HISTORY/1950s/decade.htm
1960 to 1969-1970 http://tigersoftware.com/z/HISTORY/1960s/deca-60s.htm
1970 to 1979-1980 http://tigersoftware.com/z/HISTORY/1970s/deca-70s.htm
1980 to 1989-1990 http://tigersoftware.com/z/HISTORY/1980s/decad80s.htm
1990 to 1999-2000 http://tigersoftware.com/z/HISTORY/1990s/deca-90s.htm
2000 to 2009-2010 http://tigersoftware.com/z/HISTORY/2000s/d-2000s.htm
2010 to 2019-2020 http://tigersoftware.com/z/HISTORY/2010s/d-2010s.htm
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Trading SPY with Tigersoft: 1986-2023
http://www.tigersoftware.com/SPY-book-1989-2023/SPY-Book.htm
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Friday
- 6:08 AM - 7/21/2023 - DJI
Futures +58 NASDAQ Futures +100 Data Used - 7/20/2023
7/20/2023
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Market Comments Take partial profits in QQQ tech stocks at the close. Hold others. Some investors were put into panic mode by today's 2% bout of selling in the NASDAQ. Others took some inviting profits in the NASDAQ and tech stocks that face a coming shakeup in how high capitalization techs are going to weighted in the QQQ. Accordingly, this shook up the complacency in stocks like MSFT, NVDA, AAPL, TSLA and GOOG. While this was going on, some Professionals switched their own portfolio weighting and bought blue chips. The DJI's breakout above 35000 looked inviting enough to buy the big banks like GS, JPM and WFC. If this is a new bull market, the DJI should rally much more and quickly get back to 37000. At the end of the day, the blue-chip buying drove the DJI up to its 2.8% band with the Peerless V-Indicator still negative. This additional surge in the DJI brought us a Peerless Sell S9-V. These can occur if the DJI is far enough above the 21-dma and the V-I is negative, breadth is weakening on a daily basic, the IP21 is not much above 0, and even when the P-Indicator is clearly positive. The Sell S9-V was just barely achieved today. If the DJI had closed 25 points lower, there would have been no Sell S9-V. S9-Vs occurring with the P-Indicator still quite positive have been reliably bearish. Below are the 6 instances in the last 30 years. Five brought tradeable declines. You may want to count the 2011 S9-Vs as a single occurrent. Either way, the odds of a DJI drop to the lower band after a small additional advance are 80% if we trust Peerless. But Peerless has a difficult time keeping up when the FED's suddenly turns "dovish" and the DJI becomes very bullish. Accordingly, move slowly now on account of Peerless. S9-Vs with Positive PI since 1980 Date LA/MA V-I P-I Result ----------------------------------------------------------------------- 7/13/2007 1.026 -15 +192 Peerless trading gain 4.4% Maximun Paper loss of 0.7% ------------------------------------------------------------------------ 7/26/2010 1.041 -11 +442 Peerless trading gain 2.6% Maximun Paper loss of 1.5% ------------------------------------------------------------------------ 7/5/2011 1.037 -48 +239 Peerless trading gain 8.6% Maximun Paper loss of 1.0% ------------------------------------------------------------------------ 7/21/2011 1.025 -51 +269 Peerless trading gain 9.8% Maximun Paper loss of 1.0% ------------------------------------------------------------------------ 7/11/2013 1.025 -25 +258 Peerless trading gain 3.2% Maximun Paper loss of 1.3% ------------------------------------------------------------------------ 7/15/2020 1.035 -134 +138 Peerless trading loss = 2.1% Maximun Paper loss of 2.1% ------------------------------------------------------------------------ What to do about the weak techs? First, expect profit-taking after a red candle-stick followed by a Relative Strength Quotient trend-break. Where the IP21-Accumulation Index is negative, a deeper decline often follows. Where the IP21 is clearly positive, look for a recovery from support like the 21-day or at rising uptrend-lines. Where the IP21 is dropping and drooping, support will not be so forthcoming. Look at the charts shown below and see how they fared this past year when their Rel Str. Quotient uptrend-lines were broken. Given the Sell S9-V, it will probably be best to take trading profits on a recovery in QQQ and SOXL late Friday. We cannot know how they will react to the re-balancing do be done on the QQQ on Monday. There are too few bearish MINCPs to recommend any shorting just now. Note also that the DJI is apt to find good support at 34700-34800 because of its recent breakout above well-tested resistance. |
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7/20/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors 2006 vers-Peerless is no loner vailable. Sorry. It is giving an error message and without the code cannot be fixed. ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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 COCO CORN DBC JJC, NIB CORN, CUT (paper) MOO, NRGU SOYB WEAT UUP (Dollar) LIT (Lithium) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM Biggest SEMI-Condctors in SOXL: NVDA. AVGO, AMD. INTC TXN MCHP NXPI AMAT ON HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-20-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-20-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 7/20/2023 --- Bullish = 6 (-4) MDY, FAS, RETL, SOXL (+665), TECL (+.584), OIH (.575) Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 352.43 1.74 345.17 122.6% Bullish BLUE .055 0 ------ --------------------------------------------------------------------------------------------- COMPQX 14063.31 -294.71 14113.7 -26.4% Bullish RED .133 .099 .232 --------------------------------------------------------------------------------------------- SPY 452.18 -3.02 449.28 29% Bullish RED .148 .047 .195 --------------------------------------------------------------------------------------------- QQQ 376.76 -8.89 379.07 -31.2% Bullish RED .087 .116 .203 --------------------------------------------------------------------------------------------- MDY 494.88 -2.79 487.89 22.4% Bullish RED .202 .056 .258 --------------------------------------------------------------------------------------------- IWM 195.08 -1.72 191.53 42.7% Bullish RED .076 .073 .149 --------------------------------------------------------------------------------------------- FAS 72.93 1.42 66.35 377.4% Bullish BLUE .264 .214 .478 --------------------------------------------------------------------------------------------- RETL 7.98 -.29 7.45 199.7% Bullish RED .224 .17 .394 --------------------------------------------------------------------------------------------- SOXL 24.29 -3 26.23 -545.1% Bullish RED .055 .61 .665 --------------------------------------------------------------------------------------------- TECL 55.7 -3.61 55.67 -25.1% Bullish RED .109 .475 .584 --------------------------------------------------------------------------------------------- IBB 130.26 -.15 128.24 75.9% Bullish RED -.036 -.053 -.089 --------------------------------------------------------------------------------------------- GLD 182.74 -.93 181.43 20% Bearish RED -.033 -.075 -.108 --------------------------------------------------------------------------------------------- DBO 15.07 .06 14.92 -63.4% ------- RED .216 .021 .237 --------------------------------------------------------------------------------------------- OIH 329.1 -1.72 320.67 48.7% Bullish RED .368 .207 .575 --------------------------------------------------------------------------------------------- CPER 23.65 .1 24.2 -148.6% Bullish RED .19 -.066 .124 --------------------------------------------------------------------------------------------- TAN 71.44 -1.57 70.72 -46.9% Bullish RED -.042 -.027 -.069 --------------------------------------------------------------------------------------------- UUP 27.88 .16 27.62 56.1% Bearish BLUE -.225 -.042 -.267 --------------------------------------------------------------------------------------------- CORN 24.35 -.24 23.16 367.5% Bearish RED -.042 -.016 -.058 --------------------------------------------------------------------------------------------- WEAT 7.1 -.01 6.56 534.5% Bearish RED -.107 .034 -.073 --------------------------------------------------------------------------------------------- YINN 35.1 -.39 37.98 -672.5% Bullish BLUE .134 -.236 -.102 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/20/23 Bullish = 44 Bearish = 3 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGBANKS 1 1 1 .714 .714 1 COAL 1 .666 .5 .5 .5 .5 HOMEBLDG 1 1 1 .964 .964 1 TRANSP 1 1 .947 .947 .947 1 REGBANKS .947 .947 .947 .842 .736 .894 GUNS .928 .785 .785 .785 .785 .785 FINANCE .9 .912 .9 .837 .8 .837 INSURANC .88 .64 .64 .6 .48 .52 INFRA .87 .87 .806 .806 .838 .935 NIFTY .863 .84 .84 .909 .84 .954 COPPER .857 1 1 .857 1 1 AUTO .849 .867 .849 .83 .867 .867 DJI-13 .846 .692 .692 .538 .461 .538 JETS .846 .846 .846 .846 .846 .846 ETFS .836 .854 .818 .836 .836 .872 FIDSTKS .822 .751 .739 .721 .745 .786 RUS-1000 .821 .806 .77 .753 .758 .795 OILGAS .814 .762 .773 .67 .68 .814 SP500 .812 .771 .743 .727 .747 .792 NASD-100 .811 .801 .782 .792 .801 .801 SP-100 .811 .722 .7 .655 .677 .744 HIGHPRIC .809 .818 .809 .792 .783 .779 INDEXES .805 .783 .794 .751 .762 .778 RETAIL .804 .782 .782 .76 .739 .804 COMODITY .8 .775 .7 .625 .65 .65 ------------------------------------------------------------------------------------------------- REIT .795 .844 .819 .811 .819 .877 UTILITY .794 .538 .41 .435 .564 .641 INDMATER .791 .777 .75 .694 .694 .708 CHEM .79 .767 .744 .697 .674 .744 SEMI .782 .847 .847 .847 .804 .88 BONDFUND .77 .827 .747 .655 .586 .712 HOSPITAL .769 .769 .769 .615 .692 .692 MILITARY .769 .692 .653 .73 .692 .769 SOFTWARE .767 .785 .767 .767 .732 .785 DOWJONES .766 .666 .666 .566 .533 .6 COMPUTER .75 .75 .75 .8 .8 .85 ELECTRON .744 .781 .766 .751 .729 .789 GAMING .736 .736 .684 .684 .631 .736 EAT .731 .78 .756 .682 .756 .78 BEVERAGE .714 .571 .357 .5 .642 .428 FOOD .714 .693 .673 .591 .632 .632 SOLAR .687 .687 .687 .687 .437 .687 GREEN .666 .666 .722 .666 .555 .666 ================================================================================================== EDU .5 .5 .333 .166 .166 .166 HACKERS .5 .5 .437 .437 .437 .625 MARIJUAN .5 .5 .4 .4 .3 .5 ================================================================================================== BIOTECH .484 .492 .479 .459 .426 .454 LOWPRICE .469 .466 .454 .422 .413 .495 GOLD .466 .755 .755 .466 .4 .4 CHINA .341 .341 .365 .439 .463 .56 |
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Thursday
- 6:08 AM - 7/20/2023 - DJI
Futures +18 NASDAQ Futures -100 Data
Used - 7/19/2023
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The DJI is now above the psychological resistance of 35000. It did this in part because Professionals believe the FED has become more dovish as a result of falling inflation numbers and the coming resignation of St.Louis Regional Fed Chairman Ballard (the super hawk on the FOMC). It also made its breakout in no small measure because of how easily Professionals can minipulate the DJI, as they please. We may not like it, but we can better trade by watching them and seeing what they are tryng to accomplish. Thus, it is significant how easily they ran up the highest priced DJI-30 stock, UNH, when they were ready for a breakout in the DJI. UNH jumped up 54 points this last week. This had the effect of raising the DJI by 362 points. all by itelf. Professionals run the market to make more money. That the Closing Powers of DIA, SPY, QQQ, he NASDAQ, TECL, SOXL are all now rising tells us what to do. While this is true, stay long the techs, NVDA and SOXL. Any retreat is apt to be minor. As for the DJI, it has achieved a flat-topped breakout with confirming breadth. This is more important than the volume non-confirmations. The target now for the DJI is its old highs near 37000. |
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7/19/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90719.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-19-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-19-2023/Bearish.htm |
SOXL |
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Table 2 QUICKSILVER on ETFS - 7/19/2023 --- Bullish = 10 COMPQX, SPY, QQQ, MDY, FAS, RETL, SOXL (+.937), TECL (+.732), DBO, OIH ------------- Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 350.69 1.11 343.92 102.1% Bullish BLUE .072 0 ----- --------------------------------------------------------------------------------------------- COMPQX 14358.02 4.38 14138.57 155.1% Bullish RED .192 .132 .324 --------------------------------------------------------------------------------------------- SPY 455.2 1.01 449.56 102% Bullish BLUE .188 .062 .25 --------------------------------------------------------------------------------------------- QQQ 385.65 -.09 379.15 168.9% Bullish RED .159 .153 .312 --------------------------------------------------------------------------------------------- MDY 497.67 1.66 492.67 76.5% Bullish ---- .235 .066 .301 --------------------------------------------------------------------------------------------- IWM 196.8 .83 193.42 127.5% Bullish BLUE .119 .087 .206 --------------------------------------------------------------------------------------------- FAS 71.51 .84 67.73 326.4% Bullish BLUE .216 .205 .421 --------------------------------------------------------------------------------------------- RETL 8.27 .44 7.67 247.3% Bullish BLUE .242 .243 .485 --------------------------------------------------------------------------------------------- SOXL 27.29 -.97 27.28 295.2% Bullish RED .092 .845 .937 --------------------------------------------------------------------------------------------- TECL 59.31 -.47 55.99 475.8% Bullish RED .154 .578 .732 --------------------------------------------------------------------------------------------- IBB 130.41 .69 128.3 95.2% Bullish BLUE .014 -.053 -.039 --------------------------------------------------------------------------------------------- GLD 183.67 .03 182.01 49.1% Bearish BLUE .008 -.062 -.054 --------------------------------------------------------------------------------------------- DBO 15.01 -.02 15.26 6.7% ------- RED .252 .044 .296 --------------------------------------------------------------------------------------------- OIH 330.82 -.67 325.92 108.1% Bullish BLUE .391 .223 .614 --------------------------------------------------------------------------------------------- CPER 23.55 -.1 24.36 -46% ------- BLUE .233 -.057 .176 --------------------------------------------------------------------------------------------- TAN 73.01 .12 72.12 117.2% Bullish RED -.057 -.002 -.059 --------------------------------------------------------------------------------------------- UUP 27.72 .11 27.57 -7.2% Bearish ---- -.317 -.039 -.356 --------------------------------------------------------------------------------------------- CORN 24.59 .75 22.63 603.9% Bearish RED -.011 -.007 -.018 --------------------------------------------------------------------------------------------- WEAT 7.11 .46 6.39 617.1% Bearish BLUE -.034 .034 0 --------------------------------------------------------------------------------------------- YINN 35.49 .59 40.1 -280.6% Bullish RED .072 -.2 -.128 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/19/23 Bullish = 44 Bearish = 3 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGBANKS 1 1 .714 .714 1 .857 COPPER 1 1 .857 1 1 .857 HOMEBLDG 1 1 .964 .964 1 1 TRANSP 1 .947 .947 .947 1 1 REGBANKS .947 .947 .842 .736 .894 .736 FINANCE .912 .9 .837 .787 .837 .762 INFRA .87 .806 .806 .838 .935 .806 AUTO .867 .867 .83 .867 .867 .849 ETFS .854 .818 .836 .836 .89 .763 JETS .846 .846 .846 .846 .846 .846 SEMI .846 .846 .846 .802 .868 .835 REIT .844 .811 .819 .827 .868 .86 NIFTY .84 .84 .909 .84 .954 .909 BONDFUND .827 .735 .655 .597 .712 .586 HIGHPRIC .818 .809 .792 .783 .779 .766 RUS-1000 .806 .77 .753 .758 .79 .779 NASD-100 .801 .782 .792 .801 .792 .772 GUNS .785 .785 .785 .785 .785 .785 SOFTWARE .785 .785 .767 .732 .767 .732 INDEXES .783 .794 .751 .762 .778 .74 RETAIL .782 .782 .76 .739 .782 .782 ELECTRON .781 .766 .751 .729 .781 .766 EAT .78 .756 .682 .756 .78 .756 INDMATER .777 .75 .694 .694 .708 .68 COMODITY .775 .725 .6 .65 .65 .55 SP500 .771 .743 .727 .745 .79 .763 HOSPITAL .769 .769 .615 .692 .692 .615 CHEM .767 .744 .697 .674 .744 .767 OILGAS .762 .773 .67 .68 .814 .773 GOLD .755 .755 .466 .4 .355 .333 FIDSTKS .751 .739 .721 .745 .786 .775 COMPUTER .75 .75 .8 .8 .85 .85 GAMING .736 .684 .631 .684 .736 .736 SP-100 .722 .7 .655 .677 .744 .711 FOOD .693 .693 .571 .632 .632 .53 DJI-13 .692 .692 .538 .461 .538 .538 MILITARY .692 .653 .73 .692 .769 .769 SOLAR .687 .687 .687 .437 .625 .437 COAL .666 .5 .5 .5 .5 .5 DOWJONES .666 .666 .566 .533 .6 .6 GREEN .666 .722 .666 .555 .666 .611 INSURANC .64 .64 .6 .48 .52 .52 BEVERAGE .571 .357 .5 .642 .428 .357 UTILITY .538 .41 .435 .564 .641 .564 ================================================================================================= EDU .5 .333 .166 .166 .166 .166 HACKERS .5 .437 .437 .437 .625 .625 MARIJUAN .5 .4 .4 .3 .5 .4 ================================================================================================= BIOTECH .489 .477 .461 .426 .454 .459 LOWPRICE .466 .457 .425 .413 .48 .448 CHINA .341 .365 .439 .463 .56 .463 |
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Wednesday - 6:03
AM - 7/19/2023 - DJI Futures +1
NASDAQ Futures +34 Data
Used - 7/18/2023
7/18/2023
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Market Comments Give the DJI more time to get above the psychological resistance at 35000. It turns out that the Peerless system is pretty smart. We did not get a Sell S9-v or an S12 signal on the 18th because the P-Indicator was not below +199. (You can prove this if you have the programs. If you change the declines for 18th from 844 to 2103, then the P-I falls to 198 and a S9V occurs.) Breadth at the current levels outweighs volume as measured by the V-Indicator, IP21 and OBVPct. The DJI may be the forgotten index, while the NASDAQ, SPY, QQQ, TECL, SOXL and many tech stocks roar higher. But that does not mean those who are loyal to the blue chips are willing to sell them. After all, what choice do they have. 10-Year Treasury bonds now yield less than 3.8%, hardly keeping pace with inflation. Meanwhile, the Closing Power uptrends show us how bullish Professionals are and how confident they are that the FED will not dare raise rates much higher with Inflation falling and down to 3%. The Relative Strength and Power Index Lines show us where to put money, as it's usually a very good idea to bet on "the first out of the gate" when a new bull market starts. I've seen this strategy work time after time, 1967, 1970, 1975, 1983, 1993-5, 2009 and 2020. Stay long the strong. Their charts are shown below. The recovery in bank stocks, including regional banks, shows us that bulls are now betting confidently against the remaining "hawks" on the FOMC. |
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7/18/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90718.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-18-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-18-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 7/18/2023 --- Bullish = 8 COMPQX, QQQ, FAS, RETL, SOXL (+1.097), TECL (+.811), DBO, OIH (.624) ------------- Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 349.58 3.73 343.63 100.8% Bullish BLUE .062 0 --------- --------------------------------------------------------------------------------------------- COMPQX 14353.64 108.69 13918.96 211.2% Bullish BLUE .154 .144 .298 --------------------------------------------------------------------------------------------- SPY 454.19 3.35 446.02 131% Bullish BLUE .125 .066 .191 --------------------------------------------------------------------------------------------- QQQ 385.74 3.13 372.82 233.4% Bullish BLUE .106 .165 .271 --------------------------------------------------------------------------------------------- MDY 496.01 4.85 490.15 97.2% Bullish BLUE .167 .072 .239 --------------------------------------------------------------------------------------------- IWM 195.97 2.39 191.87 160.6% Bullish BLUE .077 .095 .172 --------------------------------------------------------------------------------------------- FAS 70.67 2.43 67.07 362.5% Bullish BLUE .195 .264 .459 --------------------------------------------------------------------------------------------- RETL 7.83 .25 7.89 -26% Bullish BLUE .117 .259 .376 --------------------------------------------------------------------------------------------- SOXL 28.26 .2 25.69 744.7% Bullish BLUE .074 1.023 1.097 very high --------------------------------------------------------------------------------------------- TECL 59.78 1.95 53.92 690.4% Bullish BLUE .114 .697 .811 --------------------------------------------------------------------------------------------- IBB 129.72 .48 127.96 117.1% ------- BLUE -.009 -.06 -.069 --------------------------------------------------------------------------------------------- GLD 183.64 2.08 181.88 115.6% Bearish BLUE -.061 -.091 -.152 --------------------------------------------------------------------------------------------- DBO 15.03 .28 14.99 73.6% ------- BLUE .307 .069 .376 --------------------------------------------------------------------------------------------- OIH 331.49 7.96 323.79 158.5% Bullish BLUE .377 .247 .624 --------------------------------------------------------------------------------------------- CPER 23.65 -.06 23.77 81.7% ------- BLUE .13 -.055 .075 --------------------------------------------------------------------------------------------- TAN 72.89 -.66 71.32 247.2% Bullish RED -.052 .013 -.039 --------------------------------------------------------------------------------------------- UUP 27.61 .02 27.76 -86.6% Bearish ---- -.286 -.058 -.344 --------------------------------------------------------------------------------------------- CORN 23.84 1.04 21.83 285.5% Bearish BLUE .029 -.039 -.01 --------------------------------------------------------------------------------------------- WEAT 6.65 .15 6.31 85.1% Bearish ---- -.098 -.027 -.125 --------------------------------------------------------------------------------------------- YINN 34.9 -2.49 37.6 54.6% Bullish RED .132 -.194 -.062 |
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TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/18/23 Bullish = 42 Bearish = 7 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGBANKS 1 .714 .714 1 .857 .571 COPPER 1 .857 1 1 .857 .428 HOMEBLDG 1 .964 .964 1 1 .928 REGBANKS .947 .842 .736 .894 .736 .605 TRANSP .947 .947 .947 1 1 1 FINANCE .9 .837 .787 .825 .762 .65 AUTO .867 .849 .867 .867 .849 .849 JETS .846 .846 .846 .846 .846 .846 SEMI .846 .846 .802 .868 .835 .802 NIFTY .84 .909 .84 .954 .886 .909 ETFS .818 .836 .836 .89 .763 .563 REIT .811 .811 .836 .877 .852 .795 HIGHPRIC .809 .792 .783 .779 .761 .753 INFRA .806 .806 .838 .935 .806 .741 ================================================================================================ INDEXES .794 .751 .762 .778 .74 .724 GUNS .785 .785 .785 .785 .785 .714 SOFTWARE .785 .785 .732 .767 .732 .696 NASD-100 .782 .792 .801 .792 .772 .772 RETAIL .782 .76 .739 .782 .782 .76 OILGAS .773 .67 .68 .814 .762 .742 RUS-1000 .77 .753 .758 .79 .777 .751 HOSPITAL .769 .615 .692 .692 .615 .692 ELECTRON .766 .751 .729 .781 .759 .744 EAT .756 .682 .756 .78 .756 .756 GOLD .755 .466 .4 .355 .333 .111 COMPUTER .75 .8 .8 .85 .85 .8 INDMATER .75 .694 .694 .708 .68 .625 CHEM .744 .697 .674 .744 .767 .72 SP500 .743 .727 .745 .788 .759 .741 FIDSTKS .739 .721 .745 .786 .775 .751 BONDFUND .735 .643 .597 .724 .597 .367 COMODITY .725 .625 .625 .65 .55 .5 GREEN .722 .666 .555 .666 .611 .555 SP-100 .7 .655 .677 .744 .711 .7 FOOD .693 .591 .612 .632 .53 .51 DJI-13 .692 .538 .461 .538 .538 .461 SOLAR .687 .687 .437 .625 .437 .312 GAMING .684 .631 .631 .789 .736 .631 DOWJONES .666 .566 .533 .6 .6 .566 MILITARY .653 .73 .692 .769 .73 .807 INSURANC .64 .6 .48 .52 .52 .48 ===================================================================================================== COAL .5 .5 .5 .5 .5 .666 ===================================================================================================== BIOTECH .474 .459 .428 .454 .464 .431 LOWPRICE .457 .428 .416 .48 .439 .407 HACKERS .437 .437 .437 .625 .625 .625 UTILITY .41 .435 .564 .641 .564 .41 MARIJUAN .4 .4 .3 .5 .4 .4 CHINA .365 .439 .463 .56 .463 .439 BEVERAGE .357 .5 .642 .428 .357 .357 EDU .333 .166 .166 .166 .166 .166 |
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Tuesday - 6:18 AM - 7/18/2023 - DJI Futures -16 NASDAQ Futures -31 Data Used - 7/17/2023
7/17/2023
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Market Comments The DJI keeps trying to surpass its well-tested, flat resistance at 34500. It lacks the volume to get past the heavy public selling there. But Professionals, as measured by the steady rise of our Closing Power keep the rally going there. Now the DJI is within 1% of producing a Sell S9-V because the V-I, IP21 and OBVPct are all still negative with the DJI 1.3% over the 21-dma. If we do get a Sell S9-V, it will because the Professionals are, more and more as a group, going off on vacation. We see this in the aggregate, when we look at the bearish seasonality for the DJI after July 17th in the third years of the four-year Presidential cycle. The odds of a DJI rally for the next month ordinarily drop to only 42.9% if we use the seasonality statistics since 1967 as our guide. But the Professionals (or their Summer replacements) are showing no sign of backing away from their buying. Presumably, they are confident that the FED will not soon be raising rates after the sharp recent drops in the CPI and Producer Price numbers. The battle in the DJI between the Professionals and the Publc make for interesting drama. But that is not where the big profits have been and where they are likely to continue to be. As we have been saying for weeks, perhaps even months, stay long the AI stocks, the semi-conductors and bullish MAXCP for as long as their Closing Powers and Relative Strength Quoients are rising. These uptrends continue. Now our Weekly charts, as developed with Visual Net, give use more reasons to be bullish the Semi-conductors, AI stocks like NVDA and also Housing Stocks. First, see in the charts of SOXL and NAIL how their present prices are still far below their five year highs. This means they could still rally much more. And see something new, how their Tiger Power Index (2021, slghtly revised) readings are rising far above their red 13-week ma in their charts below. This is a most bullish sign. Finally check out how bearish the negative leveraged ETFS look among the bearish MINCPs. This has to be a bullish sign for the market. |
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7/17/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90717.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-17-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-17-2023/Bearish.htm |
See the battle between Professionals and the Public on Weekly DIA chart. The divergence is unmatched at any time in last five years, |
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The NASDAQ's advance is supported by upwards Price, CP, RSQ and OBV momentum. |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 7/17/2023 Bullish = 8 COMPQX, QQQ, FAS, RETL, SOXL (+1.032), TECL (+.767), DBO, OIH ------------- Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 345.85 .68 342.64 91.4% Bullish BLUE .052 0 ---- --------------------------------------------------------------------------------------------- COMPQX 14244.95 131.25 13760.7 200.9% Bullish BLUE .163 .149 .312 --------------------------------------------------------------------------------------------- SPY 450.84 1.56 442.46 125.5% Bullish BLUE .133 .07 .203 --------------------------------------------------------------------------------------------- QQQ 382.61 3.54 368.17 217.8% Bullish BLUE .113 .171 .284 --------------------------------------------------------------------------------------------- MDY 491.16 3.27 486.49 101.5% Bullish BLUE .181 .062 .243 --------------------------------------------------------------------------------------------- IWM 193.58 2.05 189.8 149.6% Bullish BLUE .096 .088 .184 --------------------------------------------------------------------------------------------- FAS 68.24 1.89 65.81 354% Bullish BLUE .152 .19 .342 --------------------------------------------------------------------------------------------- RETL 7.58 .13 7.87 111% Bullish BLUE .165 .18 .345 --------------------------------------------------------------------------------------------- SOXL 28.06 1.83 24.34 731.3% Bullish BLUE .04 .992 1.032 --------------------------------------------------------------------------------------------- TECL 57.83 2.16 52.17 556.4% Bullish BLUE .131 .636 .767 --------------------------------------------------------------------------------------------- IBB 129.24 1 126.72 101.5% Bullish BLUE .024 -.046 -.022 --------------------------------------------------------------------------------------------- GLD 181.56 .13 179.45 76.9% Bearish BLUE -.04 -.075 -.115 --------------------------------------------------------------------------------------------- DBO 14.75 -.17 14.81 87.3% ------- ---- .296 .073 .369 --------------------------------------------------------------------------------------------- OIH 323.53 2.86 321.25 203.5% Bullish BLUE .367 .241 .608 --------------------------------------------------------------------------------------------- CPER 23.71 -.49 23.26 63% ------- ---- .104 -.03 .074 --------------------------------------------------------------------------------------------- TAN 73.55 2.83 69.36 296.1% Bullish BLUE .078 .035 .113 --------------------------------------------------------------------------------------------- UUP 27.59 -.03 28.09 -102.4% Bearish RED -.328 -.038 -.366 --------------------------------------------------------------------------------------------- CORN 22.8 -.36 22.55 75.5% Bearish RED .042 -.065 -.023 --------------------------------------------------------------------------------------------- WEAT 6.5 -.06 6.54 62.1% Bearish RED -.09 -.026 -.116 --------------------------------------------------------------------------------------------- YINN 37.39 -.59 34.49 486.5% Bullish BLUE .207 -.042 .165 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/17/23 Bullish = 40 Bearish = 8 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .964 .964 1 1 .928 .928 TRANSP .947 .947 1 1 1 .947 NIFTY .909 .84 .954 .886 .909 .795 COPPER .857 1 1 .857 .428 .285 AUTO .849 .886 .867 .849 .849 .792 JETS .846 .846 .846 .846 .846 .846 SEMI .846 .802 .868 .835 .813 .78 REGBANKS .842 .736 .894 .736 .605 .578 FINANCE .837 .787 .825 .75 .65 .625 ETFS .836 .836 .89 .763 .581 .454 REIT .811 .827 .885 .86 .786 .729 INFRA .806 .838 .935 .806 .741 .709 COMPUTER .8 .8 .85 .85 .8 .75 ----------------------------------------------------------------------------------------------- HIGHPRIC .792 .783 .779 .761 .748 .727 NASD-100 .792 .801 .792 .772 .762 .742 GUNS .785 .785 .785 .785 .714 .571 SOFTWARE .785 .75 .767 .732 .696 .678 RETAIL .76 .739 .782 .782 .76 .673 RUS-1000 .753 .758 .79 .777 .749 .698 ELECTRON .751 .729 .781 .759 .736 .736 INDEXES .751 .762 .778 .74 .729 .724 MILITARY .73 .692 .769 .73 .769 .576 SP500 .727 .745 .788 .757 .741 .676 FIDSTKS .721 .745 .786 .775 .745 .662 BIGBANKS .714 .714 1 .857 .571 .571 CHEM .697 .674 .744 .767 .72 .674 INDMATER .694 .694 .708 .68 .625 .583 SOLAR .687 .437 .625 .437 .312 .25 EAT .682 .756 .78 .756 .756 .756 OILGAS .67 .68 .814 .762 .742 .587 GREEN .666 .555 .666 .611 .555 .555 SP-100 .655 .677 .744 .711 .7 .611 BONDFUND .643 .586 .724 .609 .379 .356 GAMING .631 .631 .736 .789 .631 .631 COMODITY .625 .65 .625 .55 .475 .375 HOSPITAL .615 .692 .692 .615 .692 .692 INSURANC .6 .48 .52 .52 .44 .44 FOOD .591 .632 .612 .53 .489 .387 DOWJONES .566 .533 .6 .6 .566 .533 DJI-13 .538 .461 .538 .538 .461 .461 ============================================================================================= BEVERAGE .5 .642 .428 .357 .357 .428 COAL .5 .5 .5 .5 .666 .5 ============================================================================================= GOLD .466 .4 .355 .333 .111 .111 BIOTECH .456 .426 .456 .464 .431 .428 CHINA .439 .463 .56 .463 .439 .439 HACKERS .437 .437 .625 .625 .625 .562 UTILITY .435 .564 .641 .564 .41 .307 LOWPRICE .428 .419 .483 .439 .407 .401 MARIJUAN .4 .3 .5 .4 .4 .2 EDU .166 .166 .166 .166 .333 .166 |
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Monday - 6:01 AM - 7/17/2023 - DJI Futures -69 NASDAQ
Futures +1 Data Used - 7/14/2023
7/14/2023
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Market Comments The DJI again challenged its well-tested, flat resistance at 34500, thanks to the 200-point lift giveni it by UNH's 31-point bounce off an opversold condition. If there had not been a late sell-off in the DJI, Peerless might have closed 2.4% over its 21-day ma with the Peerless V-Indicator in negative terrtory. This would have produced a Summer-time Sell S9-V. As it was, instead, we are likely to see another challow retreat by the DJI because all the volume based indicators on the DJI chart are negative and show a lack of sufficient buying power to allow the DJI's overhead resistance to be eaten through. Elsewhere home-building stocks were strong. But big ol looks vulnerable/ And semi-conductors are due for some profit-taking. The tech ETFs and SPY still show rising Closing Powers and Relative Strength Lines. So, we should just continue to hold them, We have a few more bearish MINCPs. But breadth has been good and the number of new lows not large enough to allow much shorting. Weekly Charts. I am a little ahead of schedule in the conversion of Tiger VB Basic charts to Visual Net so that they can run on Wondows 10 machines. I produced weekly charts this weekend using Visual Net for the first time. For the first time, we will able to compare the trends of Opening and Closing Power over a four and a half year period. And for the first time, we will be able to look at the Power values shown in the 2021 Ranking over a five year span. See them below. I make brief mention of some of their trading rules on their charts below. |
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7/14/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90714.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-14-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-14-2023/Bearish.htm |
New VB Net Weekly Charts ---- TigerSoft 2021 Power Index (improved) SPY and NVDA ---- Closing Power versus Opening Power |
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Table 1
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Table 2 Table 2 QUICKSILVER on ETFS - 7/14/2023 --- Bullish = 6 COMPQX, QQQ, SOXL (+.886), TECL (+.726), DBO, OIH Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 345.17 1.25 339.58 113.3% Bullish RED .044 0 -------- --------------------------------------------------------------------------------------------- COMPQX 14113.7 -24.87 13685.48 163.7% Bullish RED .169 .144 .313 --------------------------------------------------------------------------------------------- SPY 449.28 -.28 439.66 121% Bullish RED .141 .069 .21 --------------------------------------------------------------------------------------------- QQQ 379.07 -.08 366.36 173.1% Bullish RED .147 .162 .309 --------------------------------------------------------------------------------------------- MDY 487.89 -4.78 481.26 130.8% Bullish RED .13 .065 .195 --------------------------------------------------------------------------------------------- IWM 191.53 -1.89 187.87 179.9% Bullish RED .053 .091 .144 --------------------------------------------------------------------------------------------- FAS 66.35 -1.38 63.56 276.8% Bullish RED .088 .124 .212 --------------------------------------------------------------------------------------------- RETL 7.45 -.22 7.41 270.6% Bullish RED .1 .149 .249 --------------------------------------------------------------------------------------------- SOXL 26.23 -1.05 24.32 656.2% Bullish RED .083 .803 .886 --------------------------------------------------------------------------------------------- TECL 55.67 -.32 51.83 401.4% Bullish RED .184 .542 .726 --------------------------------------------------------------------------------------------- IBB 128.24 -.06 126.65 152.2% ------- ---- .014 -.037 -.023 --------------------------------------------------------------------------------------------- GLD 181.43 -.58 178.78 77.4% Bearish RED -.094 -.057 -.151 --------------------------------------------------------------------------------------------- DBO 14.92 -.34 14.49 128.2% ------- RED .291 .054 .345 --------------------------------------------------------------------------------------------- OIH 320.67 -5.25 310.49 204% Bullish RED .339 .224 .563 --------------------------------------------------------------------------------------------- CPER 24.2 -.16 23.41 188.4% ------- RED .047 -.004 .043 --------------------------------------------------------------------------------------------- TAN 70.72 -1.4 69.37 190.6% ------- RED -.001 .003 .002 --------------------------------------------------------------------------------------------- UUP 27.62 .05 28.16 -109.1% Bearish ---- -.388 -.032 -.42 --------------------------------------------------------------------------------------------- CORN 23.16 .53 22.46 181.1% Bearish BLUE .068 -.02 .048 --------------------------------------------------------------------------------------------- WEAT 6.56 .17 6.42 85.6% ------- BLUE -.036 .042 .006 --------------------------------------------------------------------------------------------- YINN 37.98 -2.12 33.81 561.3% Bullish RED .196 -.024 .172 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/14/23 Bullish = 39 Bearish = 10 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- COPPER 1 1 .857 .428 .285 .285 HOMEBLDG .964 1 1 .928 .928 .892 TRANSP .947 1 1 1 .947 .947 AUTO .886 .886 .849 .849 .792 .773 JETS .846 .846 .846 .846 .846 .846 NIFTY .84 .954 .886 .909 .795 .772 INFRA .838 .935 .806 .741 .709 .709 ETFS .836 .89 .763 .581 .472 .454 REIT .827 .877 .868 .795 .721 .688 SEMI .802 .868 .835 .813 .78 .736 NASD-100 .801 .792 .772 .762 .742 .683 COMPUTER .8 .85 .85 .8 .75 .75 -------------------------------------------------------------------------------------------------------------- FINANCE .787 .825 .75 .637 .625 .587 GUNS .785 .785 .785 .714 .642 .5 HIGHPRIC .783 .779 .761 .748 .727 .683 INDEXES .762 .778 .74 .729 .718 .686 RUS-1000 .758 .79 .777 .749 .7 .667 EAT .756 .78 .756 .756 .756 .682 SOFTWARE .75 .785 .732 .696 .696 .66 FIDSTKS .745 .786 .775 .745 .656 .633 SP500 .745 .788 .757 .739 .676 .651 RETAIL .739 .782 .782 .76 .673 .608 REGBANKS .736 .894 .736 .605 .552 .526 ELECTRON .729 .781 .759 .736 .721 .699 BIGBANKS .714 1 .857 .571 .571 .428 INDMATER .694 .708 .68 .625 .583 .583 HOSPITAL .692 .692 .615 .692 .692 .692 MILITARY .692 .769 .73 .769 .576 .576 OILGAS .68 .814 .762 .742 .577 .567 SP-100 .677 .744 .711 .7 .611 .566 CHEM .674 .744 .767 .72 .651 .604 COMODITY .65 .65 .525 .475 .4 .35 BEVERAGE .642 .428 .357 .357 .428 .428 FOOD .632 .632 .51 .489 .408 .367 GAMING .631 .736 .736 .684 .631 .526 BONDFUND .586 .712 .609 .39 .344 .252 UTILITY .564 .641 .564 .41 .307 .358 GREEN .555 .666 .611 .555 .555 .555 DOWJONES .533 .6 .6 .566 .533 .5 ================================================================================================= COAL .5 .5 .5 .666 .5 .5 ================================================================================================= INSURANC .48 .52 .52 .44 .44 .44 CHINA .463 .56 .463 .439 .439 .39 DJI-13 .461 .538 .538 .461 .461 .461 HACKERS .437 .625 .625 .625 .562 .5 SOLAR .437 .625 .437 .312 .25 .187 BIOTECH .423 .454 .467 .431 .431 .357 LOWPRICE .419 .486 .442 .407 .401 .39 GOLD .4 .355 .333 .111 .111 .111 MARIJUAN .3 .5 .4 .4 .2 .2 EDU .166 .166 .166 .333 .166 .333 |
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Friday - 4:16 AM - 7/14/2023 - DJI Futures +139 NASDAQ Futures
-12 Data Used - 7/13/2023
7/13/2023
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Market Comments The DJI may or may not be able to surpass the round number resistance at 35000 on this run. On the one hand, breadth has become very good - it reflects the bulls' hopes for a pause in the FED rush to raise interest rates - on the other hand, big volume is clearly missing on the rally. According to most books on technical analysis (starting with Edwards and Magee), rising volume is considered a necessity for successful head and shoulders patternbreakouts. The idea here is simple. It takes rising volume to eat up the supplies of stock overhead at the neckline of the formation. In the present case, here, the OBV is badly lagging on the DJI chart and the V-Indicator is still negative, thus making a Sell S9V a possibility if the DJI closes up 1% higher today or Monday. But is that so important? Our take on the market right now is that the DJI is a distraction from the best way to make money, namely in semi-conductors and AI leaders like NVDA and MSFT. See our Tiger Index of 91-semi below. These stocks along with SOXL, TECL, QQQ, SPY and COMPQZ (the NASDAQ) still show rising Closing Power and Relative Strength Lines. So, hold them tightly. We are in the begiining of a new industrial eveolution, of sorts, only this one uses artificial brain power and is not measured in pyhsical (horse) power. I preach that Professionals are usually correct in their assessments of the market and individual stocks, especially when the Public, as measured by our Opening Power, is still fearful and even bearish. I have shown how often this lesson work outs in my Closing Power book. First hand, I have seen play new bull market leadership take the form of semi- conductors back in early 1967, when I first became interested in the market. Next I saw it in August of 1982, in 2003, 2009 and 2020 when a new bull market was just starting. Each time, Professionals eagerly bought the most volatile tech growth-stocks they could find. It didn't hurt that they had the inside track when it came to Fed-watching. Perhaps, the FED will remain more stubborn and obdurate. Perhaps, it will over-shoot the market this time to make up for their being so far behind the curve as Inflation grew in 2021. But clearly, that is not how most Professionals are playing the market. Nor should we. |
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7/13/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90713.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-13-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-13-2023/Bearish.htm |
AI is in the beginning phase of a new Industrial Revolution. Semi-conductor chips are at tis center. |
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Table 2 QUICKSILVER on ETFS - 7/13/2023 --- Bullish = 10 COMPQX, SPY, QQQ, MDY, FAS, RETL, SOXL (+.98), TECL (+.746), DBO(, OIH Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 343.92 .29 337.43 68.9% Bullish RED .048 ---- ----- ---[--[--------------------------------------------------------------------------------------------- COMPQX 14138.57 219.61 13660.72 167.2% Bullish BLUE .232 .147 .379 --------------------------------------------------------------------------------------------- SPY 449.56 3.54 438.55 112.2% Bullish BLUE .187 .071 .258 --------------------------------------------------------------------------------------------- QQQ 379.15 6.33 366.24 158.7% Bullish BLUE .209 .166 .375 --------------------------------------------------------------------------------------------- MDY 492.67 2.52 475.2 230.5% Bullish BLUE .18 .074 .254 --------------------------------------------------------------------------------------------- IWM 193.42 1.55 184.71 283.9% Bullish BLUE .075 .093 .168 --------------------------------------------------------------------------------------------- FAS 67.73 .66 62.73 407.3% Bullish BLUE .179 .081 .26 --------------------------------------------------------------------------------------------- RETL 7.67 -.22 7.04 539.4% Bullish RED .159 .179 .338 --------------------------------------------------------------------------------------------- SOXL 27.28 1.59 22.96 893.7% Bullish BLUE .13 .85 .98 --------------------------------------------------------------------------------------------- TECL 55.99 2.07 51.41 369.1% Bullish BLUE .225 .521 .746 --------------------------------------------------------------------------------------------- IBB 128.3 .34 124.38 112.9% Bullish RED .029 -.035 -.006 --------------------------------------------------------------------------------------------- GLD 182.01 .13 178.64 131.1% Bearish ---- -.105 -.021 -.126 --------------------------------------------------------------------------------------------- DBO 15.26 .27 14.54 345.5% ------- BLUE .334 .039 .373 --------------------------------------------------------------------------------------------- OIH 325.92 2.13 307.7 610.8% Bullish BLUE .311 .182 .493 --------------------------------------------------------------------------------------------- CPER 24.36 .59 23.31 267.4% ------- BLUE .092 -.001 .091 --------------------------------------------------------------------------------------------- TAN 72.12 .8 68.05 344.5% Bullish BLUE .017 .003 .02 --------------------------------------------------------------------------------------------- UUP 27.57 -.19 28.23 -159.9% Bearish RED -.379 -.022 -.401 --------------------------------------------------------------------------------------------- CORN 22.63 .8 22.35 -26.8% Bearish BLUE 0 -.036 -.036 --------------------------------------------------------------------------------------------- WEAT 6.39 .08 6.45 -93.1% ------- BLUE -.095 .019 -.076 --------------------------------------------------------------------------------------------- YINN 40.1 2.5 33.94 1190.6% Bullish BLUE .179 -.017 .162 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/13/23 Bullish = 44 Bearish = 4 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGBANKS 1 .857 .571 .571 .428 .428 COPPER 1 .857 .428 .285 .285 .142 HOMEBLDG 1 1 .928 .928 .892 .857 TRANSP 1 1 1 .947 .947 .947 NIFTY .954 .886 .909 .795 .772 .772 INFRA .935 .806 .741 .709 .709 .58 REGBANKS .894 .736 .605 .552 .526 .394 ETFS .89 .763 .581 .472 .472 .29 AUTO .886 .867 .849 .792 .773 .754 REIT .877 .86 .803 .729 .68 .614 SEMI .868 .835 .813 .78 .736 .758 COMPUTER .85 .85 .8 .75 .75 .75 JETS .846 .846 .846 .846 .846 .846 FINANCE .825 .75 .637 .612 .575 .5 OILGAS .814 .762 .742 .577 .556 .371 ============================================================================================ NASD-100 .792 .772 .762 .742 .693 .673 RUS-1000 .79 .777 .749 .7 .67 .64 SP500 .788 .757 .739 .674 .651 .635 FIDSTKS .786 .775 .745 .656 .644 .621 GUNS .785 .785 .714 .642 .5 .571 SOFTWARE .785 .75 .696 .696 .66 .66 RETAIL .782 .782 .76 .673 .586 .608 ELECTRON .781 .759 .736 .721 .699 .706 EAT .78 .756 .756 .756 .682 .634 HIGHPRIC .779 .761 .748 .727 .688 .688 INDEXES .778 .74 .729 .718 .686 .643 MILITARY .769 .73 .769 .576 .576 .653 CHEM .744 .767 .72 .651 .604 .558 SP-100 .744 .711 .7 .611 .566 .566 GAMING .736 .736 .631 .684 .526 .421 BONDFUND .712 .597 .39 .356 .252 .114 INDMATER .708 .68 .625 .583 .569 .472 HOSPITAL .692 .615 .692 .692 .692 .692 GREEN .666 .611 .555 .555 .555 .555 COMODITY .65 .55 .45 .4 .35 .325 UTILITY .641 .564 .41 .307 .358 .307 FOOD .632 .53 .469 .408 .367 .326 HACKERS .625 .625 .625 .562 .5 .5 SOLAR .625 .437 .312 .25 .187 .125 DOWJONES .6 .6 .566 .533 .5 .6 CHINA .56 .463 .439 .439 .39 .341 DJI-13 .538 .538 .461 .461 .461 .538 INSURANC .52 .52 .44 .44 .44 .4 ================================================================================================= COAL .5 .5 .666 .5 .5 .5 MARIJUAN .5 .4 .4 .2 .2 .2 ================================================================================================= LOWPRICE .486 .445 .41 .401 .387 .343 BIOTECH .46 .472 .442 .44 .37 .373 BEVERAGE .428 .357 .357 .428 .428 .5 GOLD .355 .333 .111 .111 .088 .066 EDU .166 .166 .333 .166 .333 .166 |
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Thursday - 5:40AM - 7/13/2023 - DJI Futures +60 NASDAQ Futures +111 Data Used - 7/12/2023
7/12/2023
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Market Comments Breadth, Closing Powera, Relative Strength lines and the nature of the market's leadership now are all bullish. There is no point in being hedged or short. The tech stocks, especially semi-condictors and AI stocks should stay strong. The new strength elsewhere is inviting, but I prefer to see that as confirmation that a new bull market may be starting, in which case the leading semi-conductors, especially NVDA and SOXL, can only go higher, quite possibly much higher. The poet William Carlos Williams wrote a cryptic four line poem in which he declared: "It all depends on a red wheel-barrow". What did he mean?. That we should appreciate farmers, chicken and rain more. Possibly. Who really knows? But regarding the stock market, as always, "It all depends on the Federal Reserve" And how they will nterpret the latest 3% CPI numner. A DJI breakout next above 35000 would signal the completion of a very bullish inverted head and shoulders pattern. The tech group leadership and impressive relative strength continues. As at the start of other bull markets, we not only see Semi-conductors and techs turning up first, we also see impressive advances in our Closing Power while the Opening Powers lag noticeably. In essence, Professionals are buying shares aggressively from a more cautious and even still timid Public. While it's true the DJI's volume indicators, especially OBV, is badly lagging, the A/D Line has turned up very strongly and we are seeing a broad rally because bulls hope that the lastest 3% CPI 12-month number will bring a lasting pause in the FED's rush to raise rates and to sell off its massive inventory of debts. See in Table 3 that the leaders now include more cyclical airlines, autos, copper and Infrastructure as well as housing and banking. The 10 year bond rates even fell below 4% today. Bomds jumped up broadly... All this was because a more "dovish:" set of monetary policies can now be argued for persusasively when next the FED meets. We may even hope that Powell, a politically astute DC milionaire, will decide to join with the President in claiming a "soft landing" has been achieved. Of course, this may prove premature. But not in the short- to intermediate-run, while our Closing Powers are bullishly rising. |
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7/12/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90712.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-12-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-12-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 7/12/2023 --- Bullish = 9 COMPQX, SPY, QQQ, MDY, RETL, SOXL (+.942), TECL (+.718), DBO(.265), OIH Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 343.63 .99 339.23 12% Bullish RED .1 0 ----- ----- --------------------------------------------------------------------------------------------- COMPQX 13918.96 158.26 13679.04 46.4% Bullish BLUE .243 .131 .374 --------------------------------------------------------------------------------------------- SPY 446.02 3.56 439.66 32.8% Bullish RED .212 .065 .277 --------------------------------------------------------------------------------------------- QQQ 372.82 4.65 367.46 34.5% Bullish BLUE .221 .148 .369 --------------------------------------------------------------------------------------------- MDY 490.15 3.66 470.51 149.5% Bullish RED .189 .07 .259 --------------------------------------------------------------------------------------------- IWM 191.87 2.07 182.78 163.5% Bullish RED .061 .088 .149 --------------------------------------------------------------------------------------------- FAS 67.07 1.26 62.49 219.5% Bullish RED .176 .065 .241 --------------------------------------------------------------------------------------------- RETL 7.89 .02 6.87 523.1% Bullish RED .244 .191 .435 --------------------------------------------------------------------------------------------- SOXL 25.69 1.35 22.98 388.3% Bullish BLUE .144 .798 .942 --------------------------------------------------------------------------------------------- TECL 53.92 1.75 52.13 122% Bullish BLUE .248 .47 .718 --------------------------------------------------------------------------------------------- IBB 127.96 1.24 125.45 36.9% Bullish RED .071 -.027 .044 --------------------------------------------------------------------------------------------- GLD 181.88 2.43 177.31 113.2% Bearish BLUE -.091 -.023 -.114 --------------------------------------------------------------------------------------------- DBO 14.99 .18 14.25 234.8% ------- ---- .256 .009 .265 --------------------------------------------------------------------------------------------- OIH 323.79 2.54 288.02 551.1% Bullish RED .258 .174 .432 --------------------------------------------------------------------------------------------- CPER 23.77 .51 23.11 129% ------- BLUE .011 -.011 0 --------------------------------------------------------------------------------------------- TAN 71.32 1.96 67.36 111.2% Bullish BLUE .039 -.017 .022 --------------------------------------------------------------------------------------------- UUP 27.76 -.33 28.47 -137.8% Bearish RED -.364 -.007 -.371 --------------------------------------------------------------------------------------------- CORN 21.83 -.72 22.75 -73.5% Bearish RED -.082 -.074 -.156 --------------------------------------------------------------------------------------------- WEAT 6.31 -.23 6.51 -268.6% ------- RED -.104 -.019 -.123 --------------------------------------------------------------------------------------------- YINN 37.6 3.11 31.92 394.8% Bullish BLUE .111 -.086 .025 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/12/23 Bullish = 41 Bearish = 8 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG 1 .928 .928 .892 .857 .892 TRANSP 1 1 .947 .947 .947 .947 NIFTY .886 .909 .795 .772 .772 .795 AUTO .867 .867 .792 .773 .754 .792 REIT .86 .795 .737 .688 .606 .721 BIGBANKS .857 .571 .571 .428 .428 .714 Big Jump COPPER .857 .428 .285 .285 .142 .285 COMPUTER .85 .8 .75 .75 .75 .75 JETS .846 .846 .846 .846 .846 .846 SEMI .835 .813 .78 .736 .758 .769 INFRA .806 .741 .709 .709 .58 .741 ------------------------------------------------------------------------------------------------- GUNS .785 .714 .642 .5 .571 .642 RETAIL .782 .76 .673 .586 .608 .608 RUS-1000 .777 .749 .7 .67 .639 .693 FIDSTKS .775 .745 .656 .644 .621 .704 NASD-100 .772 .762 .742 .693 .683 .762 CHEM .767 .72 .651 .604 .558 .558 ETFS .763 .581 .472 .472 .309 .527 OILGAS .762 .742 .577 .556 .36 .505 HIGHPRIC .761 .748 .727 .688 .683 .718 ELECTRON .759 .736 .721 .699 .699 .714 SP500 .757 .739 .674 .649 .635 .694 EAT .756 .756 .756 .682 .634 .658 FINANCE .75 .637 .612 .562 .5 .65 SOFTWARE .75 .714 .696 .66 .66 .696 INDEXES .74 .729 .718 .686 .643 .691 GAMING .736 .631 .631 .578 .421 .526 REGBANKS .736 .605 .552 .526 .394 .447 MILITARY .73 .769 .576 .576 .653 .692 SP-100 .711 .7 .611 .566 .577 .655 INDMATER .68 .625 .583 .569 .472 .513 HACKERS .625 .625 .562 .5 .5 .5 HOSPITAL .615 .692 .692 .692 .692 .769 GREEN .611 .555 .555 .555 .555 .555 DOWJONES .6 .566 .533 .5 .6 .633 BONDFUND .597 .379 .356 .264 .126 .436 UTILITY .564 .41 .307 .358 .307 .461 COMODITY .55 .475 .375 .35 .325 .35 DJI-13 .538 .461 .461 .461 .538 .538 FOOD .53 .489 .387 .367 .346 .367 INSURANC .52 .44 .44 .44 .4 .4 -------------------------------------------------------------------------------------------------- COAL .5 .666 .5 .5 .5 .5 -------------------------------------------------------------------------------------------------- BIOTECH .47 .44 .442 .37 .378 .398 CHINA .463 .439 .439 .39 .341 .341 LOWPRICE .445 .413 .404 .387 .337 .384 SOLAR .437 .312 .25 .187 .125 .187 MARIJUAN .4 .4 .2 .2 .2 .2 BEVERAGE .357 .357 .428 .428 .571 .5 GOLD .333 .111 .111 .088 .066 .066 EDU .166 .333 .166 .333 .166 .166 |
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Wednesday
- 6:12 AM - 7/12/2023 - DJI
Futures +20 NASDAQ Futures +30 Data Used - 7/11/2023
7/11/202
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Market Comments The CPI numbers released today show that the yearly rate of Inflation has fallen to 3%. If the FED wanted to, it could pause for several months and await the evidence of the next few CPI monthly numbers before raising rates. Seems reasonable. And that's why the DJI has been rising along with the NYSE, SPY, QQQ, TECL... It why they are all challenging their highs. It's why breadth has become so positive. It's why home-building and oil service stocks, airlines and consumer stocks of all sorts are so strong. And it's why the DJI may even complete an inverted head and shoulders pattern and launch a new bull market. But all this depends on the FED now. Will it keep selling off its massive quantitites of debt instruments? Will it not be happy until Unemployment goes back up to 5%? We must wait to find out. But in the meantime, stay long stocks in the strongest sectors shown in Table 3. Watch the Closing Power uptrends of the key stocks and the major ETFs. We should be very bullish now, if we judge by how much more bullish Professionals are than the Public, as measured by the falling Opening Power. This is a bullish divergence or juxtaposition. It is reminiscent of the start of the bull markets back in 2003, 2009 and 2020. Will professionals be right again this time? The weak OBV Line for for DJI say's "No', if its a powerful new bull market you want. But if its still more big gains in the leading stocks and sectors, I'd have to say "Yes", so long as the key Closing Powers are rising. CONSUMER PRICE INDEX - JUNE 2023 The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. The index for shelter was the largest contributor to the monthly all items increase, accounting for over 70 percent of the increase, with the index for motor vehicle insurance also contributing. The food index increased 0.1 percent in June after increasing 0.2 percent the previous month. The index for food at home was unchanged over the month while the index for food away from home rose 0.4 percent in June. The energy index rose 0.6 percent in June as the major energy component indexes were mixed. |
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7/11/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90711.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-11-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-11-2023/Bearish.htm |
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Table 2 QUICKSILVER on ETFS - 7/11/2023 --- Bullish = 9 COMPQX, SPY, QQQ, FAS, RETL, SOXL (+.872), TECL (+.679), OIH(+.446) Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 342.64 3.06 342.81 -21% Bullish BLUE .143 0 -------- --------------------------------------------------------------------------------------------- COMPQX 13760.7 75.22 13791.65 -20.4% Bullish BLUE .208 .12 .328 --------------------------------------------------------------------------------------------- SPY 442.46 2.8 443.13 -15.1% Bullish BLUE .201 .06 .261 --------------------------------------------------------------------------------------------- QQQ 368.17 1.81 370.28 -28.8% Bullish BLUE .187 .136 .323 --------------------------------------------------------------------------------------------- MDY 486.49 5.23 475.86 72.3% Bullish BLUE .187 .067 .254 --------------------------------------------------------------------------------------------- IWM 189.8 1.93 185.78 57.9% Bullish BLUE .065 .08 .145 --------------------------------------------------------------------------------------------- FAS 65.81 2.25 64.27 79.4% Bullish BLUE .205 .077 .282 --------------------------------------------------------------------------------------------- RETL 7.87 .46 7.13 477% Bullish BLUE .229 .185 .414 --------------------------------------------------------------------------------------------- SOXL 24.34 .02 23.85 -240.4% ------- RED .087 .785 .872 --------------------------------------------------------------------------------------------- TECL 52.17 .34 52.65 -139.5% Bullish ---- .217 .462 .679 --------------------------------------------------------------------------------------------- IBB 126.72 .07 127.03 -3.6% Bullish BLUE .096 -.032 .064 --------------------------------------------------------------------------------------------- GLD 179.45 .67 177.84 27.5% Bearish ---- -.158 -.042 -.2 --------------------------------------------------------------------------------------------- DBO 14.81 .32 14.31 254.6% ------- BLUE .193 .017 .21 --------------------------------------------------------------------------------------------- OIH 321.25 10.76 290.33 514% ------- BLUE .261 .185 .446 --------------------------------------------------------------------------------------------- CPER 23.26 -.15 23.17 -17.2% ------- RED -.045 -.037 -.082 --------------------------------------------------------------------------------------------- TAN 69.36 -.01 69.79 -148.8% Bullish BLUE -.013 -.06 -.073 --------------------------------------------------------------------------------------------- UUP 28.09 -.07 28.54 -56.4% Bearish ---- -.3 .001 -.299 --------------------------------------------------------------------------------------------- CORN 22.55 .09 22.16 33.4% Bearish RED -.03 -.052 -.082 --------------------------------------------------------------------------------------------- WEAT 6.54 .12 6.66 77% ------- ---- -.049 .015 -.034 --------------------------------------------------------------------------------------------- YINN 34.49 .68 34.93 -256.1% ------- BLUE .017 -.158 -.141 --------------------------------------------------------------------------------------------- CORN 22.55 .09 22.16 33.4% Bearish RED -.03 -.052 -.082 --------------------------------------------------------------------------------------------- WEAT 6.54 .12 6.66 77% ------- ---- -.049 .015 -.034 --------------------------------------------------------------------------------------------- YINN 34.49 .68 34.93 -256.1% ------- BLUE .017 -.158 -.141 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/11/23 Bullish = 35 Bearish = 15 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP 1 .947 .947 .947 .947 .947 HOMEBLDG .928 .928 .892 .857 .892 .928 NIFTY .909 .795 .772 .772 .795 .818 AUTO .867 .811 .773 .754 .792 .811 JETS .846 .846 .846 .846 .846 .846 SEMI .813 .78 .736 .758 .769 .791 COMPUTER .8 .75 .75 .75 .75 .7 ---------------------------------------------------------------------------------------------------- REIT .795 .729 .696 .614 .704 .762 MILITARY .769 .576 .576 .653 .692 .73 NASD-100 .762 .742 .693 .683 .772 .752 RETAIL .76 .673 .586 .608 .608 .63 EAT .756 .756 .682 .634 .658 .707 RUS-1000 .749 .7 .67 .639 .693 .711 HIGHPRIC .748 .727 .688 .683 .714 .735 FIDSTKS .745 .656 .644 .621 .71 .686 OILGAS .742 .577 .556 .36 .494 .577 INFRA .741 .709 .709 .58 .741 .806 SP500 .739 .674 .649 .633 .696 .7 ELECTRON .736 .721 .699 .699 .706 .766 INDEXES .729 .718 .686 .643 .691 .708 CHEM .72 .651 .604 .558 .558 .744 GUNS .714 .642 .5 .571 .642 .714 SOFTWARE .714 .714 .66 .66 .696 .714 SP-100 .7 .611 .566 .577 .677 .655 HOSPITAL .692 .692 .692 .692 .769 .769 COAL .666 .5 .5 .5 .5 .5 FINANCE .637 .612 .562 .487 .65 .762 GAMING .631 .631 .526 .473 .526 .684 HACKERS .625 .562 .5 .5 .5 .562 INDMATER .625 .583 .569 .472 .513 .597 REGBANKS .605 .552 .526 .394 .447 .552 ETFS .581 .472 .472 .309 .545 .6 BIGBANKS .571 .571 .428 .428 .714 .714 DOWJONES .566 .533 .5 .6 .633 .666 GREEN .555 .555 .555 .555 .555 .611 ================================================================================================ FOOD .489 .408 .346 .346 .367 .367 COMODITY .475 .4 .325 .325 .35 .35 DJI-13 .461 .461 .461 .538 .538 .538 INSURANC .44 .44 .44 .4 .4 .48 CHINA .439 .439 .39 .341 .341 .341 BIOTECH .437 .44 .373 .378 .398 .422 COPPER .428 .285 .285 .142 .285 .571 LOWPRICE .413 .407 .39 .337 .372 .401 UTILITY .41 .307 .358 .307 .487 .333 MARIJUAN .4 .2 .2 .2 .2 .4 BONDFUND .379 .344 .264 .137 .425 .528 BEVERAGE .357 .428 .428 .571 .571 .5 EDU .333 .166 .333 .166 .166 .333 SOLAR .312 .25 .187 .125 .187 .25 GOLD .111 .111 .088 .066 .066 .111 |
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Tuesday
- 6:08 AM - 7/11/2023 - DJI
Futures +115 NASDAQ Futures +38 Data Used - 7/10/2023
7/10/2023
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Market Comments The A/D Line has been strong of late. Fear of the FED is diminishing. And the DJI wants to go back to its recent highs, even though it will do so on volume that is unconvincing. But that is not the big story. The big story is not even the next CPI number which comes out tomorrow morning or even how FED will choose to interpret it. The big story is the wild advance in semi-conductors, the brains behind the Artificial Intelligence revolution we are in the beginning stages of. . The first chart shown below is not the DJI today. It is our Tiger Index of 91 semi-conductors. The second chart is the QQQ's from back in 1999-2000. Despite Sell S9 signals on the DJI in December and January back then, the QQQ rose 100% between October 1999 and March 2000. One of the best bullish clues that we had back then was how the QQQ's 'ITRS rose above +.20. In other words, for the first since as far back as 1970 at the least, the tech stocks out-performed the DJI's blue chip index by more than 20% over a fifty day period. There's much more to this story. On July 3rd of this year, the five biggest components of the QQQ, APPL, GOOG, MSFT, NVDA and TSLA, just by themselves, comprised 51% of the QQQ. As we have been pointing out, these are also the biggest components of the SP-500. They are its advance's main locomotives, too. If you look at the A/D Line for the QQQ (shown below), you will see that it has been lagging the index for some time. We've pointed this out in previous SP-500 charts . But this internal weakness in the QQQ, if that's what it is, will probably not soon stop the semi-conductor rally or the strong advance in TECL, SOXL or even in SPY and the NASDAQ. That is because they are all capitalization weighted. The best performing components thus quite naturally are the most heavily weighted. Until these leaders, QQQ, APPL, GOOG, MSFT and TSLA go into reverse, the indexes and ETFs must go higher unless the very mechanism of weighting is changed. Today, the Gods of the QQQ Index decided they must put a check on this internally reinforcing mechanism. They are now planning to reduce the weight of these five stocks down from 51% to 40% at the end of the month. It's not at all clear how this will affect the QQQ. On the one hand, it may cause a lot of short-term selling in these Big 5 stocks by those who trade the QQQ against their holding of its components. On the other hand, it calls attention to the special bullishness of these five stocks and it also may really be pointing out how hard-pressed these same arbitrage-minded traders are trying to keep up with the demand for these stocks. Their shorts may be in them may be in for big trouble. I think the best thing we can do now is to be very bullish regarding SOXL, but treat each of these 5 stocks separately and hold them simply so long as their Closing Powers and Relative Strength Lines are rising. See their candle-stick charts below. GOOG does not look so good. MSFT needs to rally immediately. But TSLA, NVDA and AAPL still look very good. |
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7/10/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90710.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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 Commodities: CANE CORN DBC NIB CORN, CUT (paper) MOO, NRGU SOYB WEAT UUP (Dollar) LIT (Lithium) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-10-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-10-2023/Bearish.htm |
The take-off in Semi-conductors looks like the take-off of QQQ in 1999-2000. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table 1
Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 7/10/2023 --- Bullish = 8 COMPQX, QQQ, FAS, RETL, SOXL (+.893), TECL (+.76), OIH Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.58 2.15 344.07 -62.5% Bullish BLUE .138 0 ----- --------------------------------------------------------------------------------------------- COMPQX 13685.48 24.76 13816.77 -37.3% Bullish BLUE .205 .135 .34 --------------------------------------------------------------------------------------------- SPY 439.66 1.11 443.79 -41% Bullish BLUE .202 .067 .269 --------------------------------------------------------------------------------------------- QQQ 366.36 .12 370.29 -41.5% Bullish BLUE .193 .155 .348 --------------------------------------------------------------------------------------------- MDY 481.26 6.06 479.6 24.7% Bullish BLUE .156 .065 .221 --------------------------------------------------------------------------------------------- IWM 187.87 3.16 187.65 16.2% Bullish BLUE .05 .076 .126 --------------------------------------------------------------------------------------------- FAS 63.56 .83 64.8 -1.6% Bullish BLUE .199 .083 .282 --------------------------------------------------------------------------------------------- RETL 7.41 .37 7.19 276.6% Bullish BLUE .241 .149 .39 --------------------------------------------------------------------------------------------- SOXL 24.32 1.36 25.49 -106.2% ------- BLUE .094 .799 .893 --------------------------------------------------------------------------------------------- TECL 51.83 .42 53.63 -207.5% Bullish BLUE .223 .537 .76 --------------------------------------------------------------------------------------------- IBB 126.65 2.27 126.81 -12.3% Bullish BLUE .095 -.036 .059 --------------------------------------------------------------------------------------------- GLD 178.78 .14 178.47 14.3% Bearish BLUE -.153 -.052 -.205 --------------------------------------------------------------------------------------------- DBO 14.49 -.05 14.08 129.7% ------- ---- .147 -.007 .14 --------------------------------------------------------------------------------------------- OIH 310.49 2.79 290.67 390.8% ------- BLUE .168 .135 .303 --------------------------------------------------------------------------------------------- CPER 23.41 .1 23.34 45.2% ------- BLUE -.024 -.028 -.052 --------------------------------------------------------------------------------------------- TAN 69.37 1.32 71.42 -147.3% ------- BLUE -.026 -.049 -.075 --------------------------------------------------------------------------------------------- UUP 28.16 -.07 28.41 -38.7% Bearish RED -.324 -.003 -.327 --------------------------------------------------------------------------------------------- CORN 22.46 .11 22.4 60.3% Bearish ---- -.009 -.088 -.097 --------------------------------------------------------------------------------------------- WEAT 6.42 -.03 6.44 -15.4% ------- ---- -.041 -.028 -.069 --------------------------------------------------------------------------------------------- YINN 33.81 -.13 36.24 -65.7% Bearish BLUE -.019 -.144 -.163 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/10/23 Bullish = 33 Bearish = 16 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP .947 .947 .947 .947 .947 .947 HOMEBLDG .928 .892 .857 .892 .928 .928 JETS .846 .846 .846 .846 .846 .846 AUTO .811 .792 .754 .792 .811 .792 ------------------------------------------------------------------------------------------------------- NIFTY .795 .772 .772 .795 .818 .818 SEMI .78 .736 .758 .769 .791 .791 EAT .756 .682 .634 .658 .707 .707 COMPUTER .75 .75 .75 .75 .7 .7 NASD-100 .742 .693 .683 .772 .752 .732 REIT .729 .688 .622 .713 .754 .688 HIGHPRIC .727 .688 .683 .714 .735 .744 ELECTRON .721 .699 .699 .706 .751 .729 INDEXES .718 .686 .643 .691 .708 .713 SOFTWARE .714 .678 .66 .696 .714 .696 INFRA .709 .709 .58 .741 .806 .741 RUS-1000 .7 .67 .639 .693 .71 .693 HOSPITAL .692 .692 .692 .769 .769 .923 SP500 .674 .649 .633 .694 .696 .678 RETAIL .673 .586 .608 .608 .63 .608 FIDSTKS .656 .644 .621 .71 .686 .68 CHEM .651 .604 .558 .558 .72 .674 GUNS .642 .5 .571 .642 .714 .642 GAMING .631 .526 .421 .578 .684 .631 FINANCE .612 .562 .487 .637 .75 .637 SP-100 .611 .566 .577 .677 .655 .644 INDMATER .583 .569 .472 .513 .597 .527 OILGAS .577 .556 .36 .494 .577 .515 MILITARY .576 .576 .653 .692 .73 .73 BIGBANKS .571 .428 .428 .714 .714 .571 HACKERS .562 .5 .5 .5 .562 .562 GREEN .555 .555 .555 .555 .611 .611 REGBANKS .552 .526 .394 .447 .526 .394 DOWJONES .533 .5 .6 .633 .666 .666 ==================================================================================================== COAL .5 .5 .5 .5 .5 .5 ==================================================================================================== ETFS .472 .472 .309 .545 .618 .527 DJI-13 .461 .461 .538 .538 .538 .538 INSURANC .44 .44 .4 .4 .48 .52 CHINA .439 .39 .341 .341 .317 .317 BIOTECH .437 .37 .38 .398 .417 .407 BEVERAGE .428 .428 .571 .571 .5 .5 FOOD .408 .367 .326 .367 .367 .326 LOWPRICE .407 .392 .34 .372 .398 .363 COMODITY .4 .35 .3 .35 .35 .3 BONDFUND .344 .252 .137 .436 .54 .413 UTILITY .307 .358 .307 .487 .333 .307 COPPER .285 .285 .142 .285 .571 .285 SOLAR .25 .187 .125 .187 .25 .187 MARIJUAN .2 .2 .2 .2 .4 .3 EDU .166 .333 .166 .166 .333 .333 GOLD .111 .088 .066 .066 .111 .088 |
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Monday - 6:00 AM - 710/2023
- DJI Futures +12 NASDAQ Futures -24 Data Used - 7/7/2023
7/7/2023
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Market Comments A bounce back up to 34000 seems to be shaping up this morning. Big bank earnings seldom disappoint. A DJI rally should help keep the tech advance going. Major tech stocks (like AMAT, AAPL, LRCX, NVDA, PANW, and TSLA) and our most important tech ETFS (QQQ, TECL and SOXL) all show very positive Closing Power readings and uptrending Relative Strength. The artificial intelligence revolution requires lots and lots of smarter and smarter chips. The FED cannot hold them back. But the rest of the market is considerably weaker. This is the body of the market that will feel most directly the effects of more interest rate increases and a continuation by the FED of its unloading its trillions of dollars worth of debt instruments. Seasonality is very slightly bullish for the DJI over the next two weeks. But since 1967, the DJI has thereafter tended to fall back for the full next 21-trading days. It has only been able to advance 28.6% of the time over the month following July 9th in the third years of the 4-year Presidential cycle. This bearishness will probably coincide with more "hawkish" talk from the FED when next they meet. It also fits neatly in with the seemingly dim prospects for a really good rally while the daily volume remains weak on up-days. We usually expect Professional bulliahness to win out over Public bearishness like we see now when we contrast the uptrending Closing Powers and falling Opening Powers. But not always, as when the FED turns very "hawkish" or when in the Summer, Professionals tend to leave town, thus limiting their bullish influence just when Big Money as represented by our IP21-Accumulation Index turns negative and net bearish. This last concern now has started to be a problem in the charts of such previously strong stocks as ADBE, AMD, CDNS, FSLR, GOOG, MSFT and home-builder leader LEN. So, now we want to watch these to see if the big-money selling bullishly dries up. The DJI remains boring, to be blunt. Its moves are too smal to give it much appeal. The SP-500 is much better. And even better have been the longs in QQQ, TECL and SOXL. I don't see anything yet to change this. On the short side, we have a few more bearish MINCPs. But as long as the FED is doing its bearish strut, the pressure will remain on bonds and regional banks. If you want to hedge, this is where I would look. VB Net Progress See among the charts tonight some of the new 6-month candle-stick charts done with Visual Net Basic. They may seem "crowded" with various indicators, but undertand, when running them you can apply whichever indicators you want. This weekend I will start working on longer term 5-year charts. |
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7/7/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90707.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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 Commodities: CANE CORN DBC NIB CORN, CUT (paper) MOO, NRGU SOYB WEAT UUP (Dollar) LIT (Lithium) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-07-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-07-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 7/7/2023 --- Bullish = 7 COMPQX, QQQ, FAS, RETL, SOXL (+.746), TECL (+.754), OIH Bearish = 2 GLD, UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 337.43 -1.8 343.85 -54.5% Bullish RED .124 0 ==== --------------------------------------------------------------------------------------------- COMPQX 13660.72 -18.32 13787.92 25.3% Bullish RED .111 .152 .263 --------------------------------------------------------------------------------------------- SPY 438.55 -1.11 443.28 5% Bullish RED .131 .074 .205 --------------------------------------------------------------------------------------------- QQQ 366.24 -1.22 369.42 33% Bullish RED .107 .175 .282 --------------------------------------------------------------------------------------------- MDY 475.2 4.69 478.91 -4.5% ------- BLUE .166 .056 .222 --------------------------------------------------------------------------------------------- IWM 184.71 1.93 187.27 -44.9% ------- BLUE .065 .061 .126 --------------------------------------------------------------------------------------------- FAS 62.73 .24 63.58 55.2% ------- BLUE .226 .051 .277 --------------------------------------------------------------------------------------------- RETL 7.04 .17 7.02 78.3% Bullish BLUE .235 .106 .341 --------------------------------------------------------------------------------------------- SOXL 22.96 -.02 24.83 -175.7% ------- RED .013 .733 .746 --------------------------------------------------------------------------------------------- TECL 51.41 -.72 54.02 -20.8% Bullish RED .147 .607 .754 --------------------------------------------------------------------------------------------- IBB 124.38 -1.07 126.96 -62.1% ------- RED .055 -.053 .002 --------------------------------------------------------------------------------------------- GLD 178.64 1.33 178.27 43.6% Bearish BLUE -.232 -.045 -.277 --------------------------------------------------------------------------------------------- DBO 14.54 .29 14.12 183.7% ------- BLUE .165 -.02 .145 --------------------------------------------------------------------------------------------- OIH 307.7 19.68 287.6 434.4% ------- BLUE .158 .115 .273 --------------------------------------------------------------------------------------------- CPER 23.31 .2 23.2 121.1% ------- BLUE -.074 -.021 -.095 --------------------------------------------------------------------------------------------- TAN 68.05 .69 71.42 -62.3% Bearish BLUE -.093 -.106 -.199 --------------------------------------------------------------------------------------------- UUP 28.23 -.24 28.38 -47.4% Bearish RED -.272 .01 -.262 --------------------------------------------------------------------------------------------- CORN 22.35 -.4 22.19 -234.7% Bearish RED -.022 -.083 -.105 --------------------------------------------------------------------------------------------- WEAT 6.45 -.06 6.44 -107.2% ------- ---- -.031 -.025 -.056 --------------------------------------------------------------------------------------------- YINN 33.94 2.02 34.26 87.9% Bearish BLUE -.076 -.087 -.163 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/7/23 Bullish = 29 Bearish = 17 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP .947 .947 .947 .947 .947 .894 HOMEBLDG .892 .857 .892 .928 .928 .964 JETS .846 .846 .846 .846 .846 .846 AUTO .792 .773 .792 .811 .792 .773 NIFTY .772 .772 .795 .818 .818 .795 COMPUTER .75 .75 .75 .7 .7 .65 SEMI .736 .758 .769 .791 .791 .78 INFRA .709 .58 .741 .806 .741 .741 ELECTRON .699 .699 .706 .751 .721 .721 HOSPITAL .692 .692 .769 .769 .923 .846 NASD-100 .69 .68 .77 .75 .73 .72 HIGHPRIC .688 .683 .714 .735 .744 .709 REIT .688 .614 .721 .762 .696 .688 INDEXES .686 .643 .691 .708 .713 .664 EAT .682 .634 .658 .707 .707 .658 SOFTWARE .678 .678 .696 .714 .696 .714 RUS-1000 .67 .639 .693 .71 .693 .653 SP500 .649 .633 .694 .694 .676 .631 FIDSTKS .644 .621 .71 .686 .68 .627 CHEM .604 .558 .558 .72 .674 .604 RETAIL .586 .608 .608 .63 .586 .586 MILITARY .576 .653 .692 .73 .73 .576 INDMATER .569 .472 .513 .597 .527 .527 SP-100 .566 .577 .677 .655 .644 .6 FINANCE .562 .487 .637 .737 .65 .65 OILGAS .556 .36 .494 .577 .515 .474 GREEN .555 .555 .555 .611 .611 .611 GAMING .526 .421 .526 .736 .631 .578 REGBANKS .526 .394 .447 .526 .394 .447 ================================================================================================== COAL .5 .5 .5 .5 .5 .5 DOWJONES .5 .6 .633 .666 .666 .6 GUNS .5 .571 .642 .714 .642 .642 HACKERS .5 .5 .5 .562 .562 .562 ================================================================================================== ETFS .472 .309 .545 .618 .545 .4 DJI-13 .461 .538 .538 .538 .538 .538 INSURANC .44 .4 .4 .48 .52 .52 BEVERAGE .428 .571 .571 .5 .5 .428 BIGBANKS .428 .428 .714 .714 .571 .571 LOWPRICE .392 .343 .375 .398 .366 .354 CHINA .39 .341 .341 .317 .317 .317 BIOTECH .368 .378 .4 .417 .41 .373 FOOD .367 .346 .346 .367 .326 .306 UTILITY .358 .307 .487 .333 .333 .282 COMODITY .35 .325 .325 .35 .3 .275 EDU .333 .166 .166 .333 .333 .333 COPPER .285 .142 .285 .571 .285 .428 BONDFUND .252 .126 .436 .551 .425 .356 MARIJUAN .2 .2 .2 .4 .3 .2 SOLAR .187 .125 .187 .25 .187 .187 GOLD .088 .066 .066 .111 .066 .088 |
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Friday - 6:04 AM - 7/7/2023 - DJI Futures -69 NASDAQ Futures -5 Data Used
- 7/6/2023
7/6/2023
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Market Comments With the June Jobs numbers coming in at +209,000, a "soft landing" would seem still to be in sight. But the "hawks" on the FOMC will probably use this as an excuse to raise interest rates even if the annual rate of inflation drops down to 3.5%-4% when the CPI is reported next week. That and the DJI's well-tested resistance at 34000 which will act as a ceiling again on the next rally should restrain the bulls among the Professionals. But not so much as to get them to sell their performance-favorites: QQQ, TECL, MSFT, NVDA and TSLA. And this elite group's continuing strength should make it seem that any drop now will be modest sized and keep the DJI within its normal 3% bands. But from a broader perspective, their strength will likely be misleading. Selectivity in even the techs will now be required going forward. Breadth today was much worse than one might expect from a normal and safe retreat. New lows were greater than new highs despite the key averages being so close to their highs. This demonstrates that the weakest stocks which will need to borrow the most to stay afloat will be hurt the most by more rate increases. Of course, it is the same for those already exhausted by the treadmill of working two or more jobs. But for the FED to really fight inflation and do its job, it will need to push up rates much higher. Will it dare push them above 6% and cause the big indexes to fall by more than 20%?. The Professionals, judging from the still rising Closing Powers for DIA, SPY, QQQ and TECL, do not think the FED will dare do this, especially going into a Presidential Election Year when they themselves could become political targets. The DJI has now fallen to a point just above its 65-dma. It and its A/D Line have fallen below their 21-dma. Another good Jobs Report "should" hold up the DJI andthe other key indexes unless Professionals now perceive that the FED will use continuing economic strength as an escuse to push rates up close to 6%. How the Professionals will react to today's good Job Report will tell us whether they intend to turn the market back up for another advance in the weeks before there is another rate hike. While a rising 65-dma can be good support for the DJI, we see too many cautionary volume signs to encourage us to be buyers again. See the wide OBV non-confimrations below in the DJI chart. Elsewhere, too much now depends on fewer and fewer pockets of strength. The Home- builders got sold off h ard today. See also below how many of the Semi-Conductors have weakened appreciably, so much so that. the A/D Line for the 90 semi-conductors we track has started to widely lag its leaders. Watch the breadth there and also QualComm which now exhibits a bearish looking head and shoulders pattern. |
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7/6/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90706.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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 Commodities: CANE CORN DBC NIB CORN, CUT (paper) MOO, NRGU SOYB WEAT UUP (Dollar) LIT (Lithium) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-06-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-06-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 7/6/2023 --- Bullish = 7 COMPQX, SPY, QQQ, FAS, RETL, SOXL (+.638), TECL (+.726) Bearish = 2 GLD, YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.23 -3.58 341.16 8.8% ------- RED .184 0 ==== --------------------------------------------------------------------------------------------- COMPQX 13679.04 -112.61 13591.33 31.8% ------- BLUE .191 .135 .326 --------------------------------------------------------------------------------------------- SPY 439.66 -3.47 438.11 37.1% ------- BLUE .196 .064 .26 --------------------------------------------------------------------------------------------- QQQ 367.46 -2.82 363.81 39.7% ------- BLUE .159 .162 .321 --------------------------------------------------------------------------------------------- MDY 470.51 -5.35 475.63 6.2% ------- RED .218 .03 .248 --------------------------------------------------------------------------------------------- IWM 182.78 -3 186.38 -39.7% ------- RED .124 .029 .153 --------------------------------------------------------------------------------------------- FAS 62.49 -1.78 62.03 269.3% ------- RED .266 -.004 .262 --------------------------------------------------------------------------------------------- RETL 6.87 -.26 6.93 28.5% ------- ---- .284 -.023 .261 --------------------------------------------------------------------------------------------- SOXL 22.98 -.87 23.81 -152% ------- BLUE .069 .569 .638 --------------------------------------------------------------------------------------------- TECL 52.13 -.52 51.63 76.9% Bullish BLUE .197 .529 .726 --------------------------------------------------------------------------------------------- IBB 125.45 -1.58 125.95 -31.6% ------- RED .061 -.059 .002 --------------------------------------------------------------------------------------------- GLD 177.31 -.53 177.09 .8% Bearish RED -.192 -.042 -.234 --------------------------------------------------------------------------------------------- DBO 14.25 -.06 14.02 110% ------- ---- .118 -.06 .058 --------------------------------------------------------------------------------------------- OIH 288.02 -2.31 282.69 186.5% ------- BLUE .121 .005 .126 --------------------------------------------------------------------------------------------- CPER 23.11 -.06 22.75 39% Bearish ---- -.074 -.052 -.126 --------------------------------------------------------------------------------------------- TAN 67.36 -2.43 68.92 -161.6% Bearish RED -.092 -.134 -.226 --------------------------------------------------------------------------------------------- UUP 28.47 -.07 28.5 15.8% ------- ---- -.238 .028 -.21 --------------------------------------------------------------------------------------------- CORN 22.75 .59 23.41 -217.3% Bearish BLUE .007 -.065 -.058 --------------------------------------------------------------------------------------------- WEAT 6.51 -.15 6.59 -68.7% ------- RED -.027 -.017 -.044 --------------------------------------------------------------------------------------------- YINN 31.92 -3.01 33.34 -441.7% Bearish RED -.071 -.209 -.28 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/6/23 Bullish = 28 Bearish = 20 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP .947 .947 .947 .947 .894 .894 HOMEBLDG .857 .892 .928 .928 .964 .964 JETS .846 .846 .846 .846 .846 .846 ----------------------------------------------------------------------------------------------------- AUTO .773 .811 .811 .792 .773 .754 NIFTY .772 .795 .818 .818 .795 .772 SEMI .758 .769 .791 .791 .78 .747 COMPUTER .75 .75 .7 .7 .65 .6 ELECTRON .699 .706 .751 .721 .714 .691 HOSPITAL .692 .769 .769 .923 .846 .692 HIGHPRIC .683 .714 .735 .744 .709 .688 NASD-100 .68 .77 .75 .73 .72 .73 ==== SOFTWARE .678 .714 .714 .696 .714 .696 MILITARY .653 .692 .73 .73 .615 .5 INDEXES .643 .691 .708 .713 .67 .643 RUS-1000 .639 .693 .71 .693 .653 .613 EAT .634 .658 .707 .707 .658 .658 SP500 .633 .694 .694 .674 .629 .602 ===== FIDSTKS .621 .71 .686 .68 .627 .568 REIT .614 .713 .77 .704 .68 .622 RETAIL .608 .608 .63 .586 .586 .586 DOWJONES .6 .633 .666 .666 .6 .5 ===== INFRA .58 .741 .806 .741 .774 .677 SP-100 .577 .677 .655 .644 .6 .533 BEVERAGE .571 .571 .5 .5 .428 .428 GUNS .571 .642 .714 .642 .642 .642 CHEM .558 .558 .72 .674 .604 .488 GREEN .555 .555 .611 .611 .611 .5 DJI-13 .538 .538 .538 .538 .538 .538 =================================================================================================== COAL .5 .5 .5 .5 .5 .333 HACKERS .5 .5 .562 .562 .562 .5 =================================================================================================== FINANCE .487 .637 .737 .637 .65 .512 INDMATER .472 .513 .597 .527 .527 .444 BIGBANKS .428 .714 .714 .571 .571 .285 GAMING .421 .526 .684 .684 .578 .473 INSURANC .4 .4 .48 .52 .52 .36 REGBANKS .394 .447 .526 .394 .447 .315 BIOTECH .375 .398 .42 .41 .378 .395 OILGAS .36 .494 .577 .515 .463 .422 FOOD .346 .367 .346 .326 .306 .326 LOWPRICE .343 .378 .401 .366 .36 .346 CHINA .341 .341 .317 .317 .317 .317 ETFS .309 .545 .618 .545 .436 .454 COMODITY .307 .333 .307 .282 .256 .282 UTILITY .307 .487 .333 .333 .282 .282 MARIJUAN .2 .2 .4 .3 .2 .2 EDU .166 .166 .333 .333 .333 .166 COPPER .142 .285 .571 .285 .428 .285 BONDFUND .126 .425 .551 .436 .367 .655 SOLAR .125 .187 .25 .187 .187 .125 GOLD .066 .066 .111 .066 .066 .066 |
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Thursday -6:07 AM - 7/6/2023 - DJI Futures -220 NASDAQ Futures -87 Data
Used - 7/5/2023
7/5/2023
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Market Comments Take profits in the Home-Building sector. See our chart of the group below. The group is "over-bought" if we judge matters using the number of tests already of the upper band and the price channel-line in the Tiger Index chart of the group. But hold the strong semi-conductors and QQQ and TECL as well as the AI leaders. The DJI's weakness is not yet able to hurt the tech sector. The DJI is again backing away from its well-tested overhead resistance above 34000. This is no surprise given the low-volume close at a nominal new high on the day before the Fourth of July and the numerous volume-based non-confirmations of that apparent strength. The weakest indicator of all was and is the DJI's OBV Line, which is shown in the first chart below. Such an extreme non-confirmation is rare. It tells us that the DJI has been run up artificially and far too quickly, without allowing most traders much opportunity to participate in the advance. In this sense, the advance was "unratified". It was achieved by Professional or "Quant" manipulation. Professionals usually know what they are doing. And the market dutifully follows in the direction of their net buying or net selling, even if the openings go in a different direction. But not always. And now, we see a battle between the apprently widely different sentiments of the Publc via our Opening Powers and the Professionals via our Closing Powers. Look at the DIA and SPY charts just below. The Closing Powers are still making new highs, but the Openng Powers are falling faster. If the Professionals do not come in and bring the market back up from early losses, the weak openings will win out. As Summer begins, we have to expect Professional participation to be weaker in part because this is when they tend to go off on vacation. But also because, there is no point in fighting the FED just at the moment. It will better serve the Professionals' purposes to buy on a pullback to the DJI's rising 200-day ma or even to the round number support at 33000. That way there is "head-room" for a rally. In terms of news, the DJI's sell-off is being triggered by the expectation that the FED will continue to make "hawkish" remarks to try to drive the markets down. They try to do this to stop rallies. And then they are most apt to be silent or even "dovish: after there has been a sell-off. Professionals are aware of these Fed' "mood-changes" and play the broader market and the DJI accordingly. We should, too. |
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7/5/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90705.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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 Commodities: CANE CORN DBC NIB CORN, CUT (paper) MOO, NRGU SOYB WEAT UUP (Dollar) LIT (Lithium) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-05-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-05-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume
Statistics
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Table 2 QUICKSILVER on ETFS - 7/5/2023 --- Bullish = 6 COMPQX, QQQ, RETL, SOXL (+.607), TECL (+.630) Bearish = 1 UUP ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 342.81 -1.26 338.63 52.4% ------- BLUE .132 0 ------ --------------------------------------------------------------------------------------------- COMPQX 13791.65 -25.12 13591.75 86.3% ------- BLUE .139 .129 .268 --------------------------------------------------------------------------------------------- SPY 443.13 -.66 436.39 79.2% ------- BLUE .14 .061 .201 --------------------------------------------------------------------------------------------- QQQ 370.28 -.01 364.54 88% ------- BLUE .107 .156 .263 --------------------------------------------------------------------------------------------- MDY 475.86 -3.74 469.92 63.6% ------- RED .177 .029 .206 --------------------------------------------------------------------------------------------- IWM 185.78 -1.87 184.26 65.1% ------- RED .092 .032 .124 --------------------------------------------------------------------------------------------- FAS 64.27 -.53 59.11 397.4% ------- BLUE .227 .005 .232 --------------------------------------------------------------------------------------------- RETL 7.13 -.06 6.83 237.3% Bullish ---- .245 .019 .264 --------------------------------------------------------------------------------------------- SOXL 23.85 -1.64 23.72 -106.4% ------- RED .016 .591 .607 --------------------------------------------------------------------------------------------- TECL 52.65 -.98 51.32 131.7% ------- BLUE .118 .512 .63 --------------------------------------------------------------------------------------------- IBB 127.03 .22 126.25 59.4% ------- BLUE .068 -.062 .006 --------------------------------------------------------------------------------------------- GLD 177.84 -.63 177.28 4.2% Bearish RED -.163 -.049 -.212 --------------------------------------------------------------------------------------------- DBO 14.31 .23 13.94 225.5% ------- ---- .023 -.055 -.032 --------------------------------------------------------------------------------------------- OIH 290.33 -.34 277.36 234.4% ------- RED .071 .031 .102 --------------------------------------------------------------------------------------------- CPER 23.17 -.17 22.93 -43.3% ------- RED -.077 -.065 -.142 --------------------------------------------------------------------------------------------- TAN 69.79 -1.63 69.63 42.1% Bearish RED -.059 -.116 -.175 --------------------------------------------------------------------------------------------- UUP 28.54 .13 28.38 51.1% ------- BLUE -.273 .015 -.258 --------------------------------------------------------------------------------------------- CORN 22.16 -.24 23.74 -511.7% Bearish RED -.045 -.106 -.151 --------------------------------------------------------------------------------------------- WEAT 6.66 .22 6.6 -151.8% ------- BLUE -.002 -.026 -.028 --------------------------------------------------------------------------------------------- YINN 34.93 -1.31 34.99 -131.7% ------- RED -.03 -.173 -.203 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/5/23 Bullish = 33 Bearish = 15 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP .947 .947 .947 .894 .894 .894 HOMEBLDG .892 .928 .928 .964 .964 .964 JETS .846 .846 .846 .846 .846 .846 AUTO .811 .83 .792 .773 .754 .754 ---------------------------------------------------------------------------------------------------- NIFTY .795 .818 .818 .795 .772 .772 NASD-100 .77 .75 .73 .72 .73 .75 ----- HOSPITAL .769 .769 .923 .846 .769 .692 SEMI .765 .787 .787 .776 .744 .787 COMPUTER .75 .7 .7 .65 .6 .55 INFRA .741 .806 .741 .774 .677 .709 BIGBANKS .714 .714 .571 .571 .285 .285 HIGHPRIC .714 .735 .744 .709 .688 .701 SOFTWARE .714 .732 .696 .714 .696 .678 REIT .713 .762 .713 .688 .614 .647 FIDSTKS .71 .686 .68 .627 .579 .568 ELECTRON .706 .751 .721 .714 .684 .736 SP500 .694 .694 .674 .627 .604 .608 ----- RUS-1000 .693 .71 .693 .653 .613 .623 MILITARY .692 .73 .73 .615 .5 .538 INDEXES .686 .708 .713 .67 .654 .659 SP-100 .677 .655 .644 .6 .533 .544 EAT .658 .707 .707 .658 .658 .634 GUNS .642 .714 .642 .642 .642 .642 FINANCE .637 .737 .637 .637 .5 .525 DOWJONES .633 .666 .666 .6 .5 .533 ----- RETAIL .608 .63 .586 .586 .586 .63 BEVERAGE .571 .5 .5 .428 .428 .5 CHEM .558 .72 .674 .604 .488 .488 GREEN .555 .611 .611 .611 .5 .555 ETFS .545 .618 .545 .436 .472 .454 DJI-13 .538 .538 .538 .538 .538 .538 GAMING .526 .684 .631 .631 .473 .526 INDMATER .513 .597 .527 .527 .444 .472 ========================================================================================================== COAL .5 .5 .5 .5 .333 .333 HACKERS .5 .562 .562 .562 .5 .5 ========================================================================================================== OILGAS .494 .577 .515 .463 .422 .391 UTILITY .487 .333 .333 .282 .282 .307 REGBANKS .447 .526 .394 .447 .342 .394 BONDFUND .425 .54 .436 .379 .666 .471 INSURANC .4 .48 .52 .52 .4 .44 BIOTECH .395 .417 .412 .378 .402 .38 LOWPRICE .378 .404 .369 .36 .346 .351 FOOD .367 .367 .306 .306 .326 .367 CHINA .341 .317 .317 .317 .317 .317 COMODITY .333 .333 .256 .256 .282 .333 COPPER .285 .571 .285 .428 .285 .571 ----------------------------------------------------------------------------------------------------------- MARIJUAN .2 .4 .3 .2 .2 .2 SOLAR .187 .25 .187 .187 .125 .125 EDU .166 .333 .333 .333 .166 .166 GOLD .066 .111 .066 .066 .066 .088 |
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Wednesday -5:48
AM - 7/5/2023 - DJI
Futures -160 NASDAQ Futures -80 Data Used - 7/3/2023
7/3/2023
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Market Outlook: Professionals have quite properly seen through Fed Chairman Powell's pretense of hawkishness and stuck with the rallying techs, home-builders and even consumer and transportation issues. Now the DJI has made a nominal closing high with volume indicators like OBV and V-I lagging. Perhaps, this means that it may be time for Professionals to take a brief Summer recess and let the FED scare the Public into some ill-timed selling. That would seem to be the meaning of the falling Opening Power for DIA and SPY. This is a week when FOMC minutes and the Jobs' numbers come out. But Peerless has given no new intermediate-term or short-term Sell signal. And Professionals, as we've seen, usually end up being correct when they are bullish and the Public is bearish. Moreover, 60% of all stocks are now above their 65-dma support levels. And what is there for us to go short? The most bearish plays among our Bearish MINCPs are shorts on the negative ETFs of the DJI, SP-500, QQQ, TECL and SOXL. To the extent these negative ETFs look like excellent short-plays, I think we have to actually be bullish. Even this year's favorite group for shorting, the regional banks, now show an automatic TigerSoft Buy. My conclusion: disregard minor selling in the DJI this week as it retreats from well-tested resistance and hold the tech and housing leaders while their Closing Power and Relative Strength Lines stay well above their 21-day moving averages. |
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7/3/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90703.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/7-03-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/7-03-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
|
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Table 2 QUICKSILVER on ETFS - 7/3/2023 --- Bullish = 6 COMPQX (+.306), QQQ, MDY(+.286), RETL(+.342), SOXL (+.692), TECL (+.672) Bearish = 1 YINN (-.259) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 344.07 .22 339.23 101.9% Bullish BLUE .207 0 ====== --------------------------------------------------------------------------------------------- COMPQX 13816.77 28.85 13555.67 177.2% Bullish BLUE .178 .128 .306 --------------------------------------------------------------------------------------------- SPY 443.79 .51 436.17 141.3% Bullish BLUE .166 .059 .225 --------------------------------------------------------------------------------------------- QQQ 370.29 .87 363.83 173.3% Bullish BLUE .125 .153 .278 --------------------------------------------------------------------------------------------- MDY 479.6 .69 469.82 181.1% ------- BLUE .253 .033 .286 --------------------------------------------------------------------------------------------- IWM 187.65 .38 183.36 187.1% ------- BLUE .172 .04 .212 --------------------------------------------------------------------------------------------- FAS 64.8 1.22 59.36 548.4% ------- BLUE .236 -.004 .232 --------------------------------------------------------------------------------------------- RETL 7.19 .17 6.8 528.6% Bullish BLUE .317 .025 .342 --------------------------------------------------------------------------------------------- SOXL 25.49 .66 24.37 715.4% ------- BLUE .033 .659 .692 --------------------------------------------------------------------------------------------- TECL 53.63 -.39 51.27 513.4% Bullish RED .153 .519 .672 --------------------------------------------------------------------------------------------- IBB 126.81 -.15 125.53 -10.3% Bullish BLUE .1 -.057 .043 --------------------------------------------------------------------------------------------- GLD 178.47 .2 177.69 -1.1% Bearish RED -.179 -.059 -.238 --------------------------------------------------------------------------------------------- DBO 14.08 -.04 13.68 39.4% Bullish ---- .035 -.062 -.027 --------------------------------------------------------------------------------------------- OIH 290.67 3.07 277.06 307.7% ------- BLUE .16 .01 .17 --------------------------------------------------------------------------------------------- CPER 23.34 .14 23.37 -8.6% Bearish ---- -.063 -.07 -.133 --------------------------------------------------------------------------------------------- TAN 71.42 0 69.2 216.5% Bearish ---- -.055 -.098 -.153 --------------------------------------------------------------------------------------------- UUP 28.41 .03 28.25 15.9% Bearish ---- -.077 .005 -.072 --------------------------------------------------------------------------------------------- CORN 22.4 .21 24.54 -673.6% Bearish RED -.009 -.117 -.126 --------------------------------------------------------------------------------------------- WEAT 6.44 0 6.86 -571.2% ------- ---- -.031 -.075 -.106 --------------------------------------------------------------------------------------------- YINN 36.24 1.98 35.85 365.9% ------- RED -.072 -.187 -.259 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 7/3/23 Bullish = 36 Bearish = 12 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP .947 .947 .894 .894 .894 .894 HOMEBLDG .944 .944 1 1 1 .833 JETS .846 .846 .846 .846 .846 .692 AUTO .83 .811 .773 .754 .754 .716 NIFTY .818 .818 .795 .772 .772 .681 INFRA .806 .741 .774 .677 .741 .612 ----------------------------------------------------------------------------------------------- SEMI .787 .787 .776 .744 .776 .702 HOSPITAL .769 .923 .846 .769 .692 .615 REIT .762 .704 .696 .622 .639 .59 ELECTRON .751 .721 .714 .684 .729 .661 NASD-100 .75 .73 .72 .73 .76 .65 FINANCE .737 .637 .637 .487 .525 .462 HIGHPRIC .735 .744 .709 .688 .701 .666 SOFTWARE .732 .714 .714 .696 .678 .625 MILITARY .73 .73 .615 .5 .538 .423 CHEM .72 .674 .604 .488 .488 .418 BIGBANKS .714 .571 .571 .285 .285 .285 GUNS .714 .642 .642 .642 .642 .642 RUS-1000 .71 .693 .653 .613 .625 .552 INDEXES .708 .713 .67 .654 .67 .616 EAT .707 .707 .658 .658 .634 .536 COMPUTER .7 .7 .65 .6 .55 .5 SP500 .694 .674 .627 .602 .61 .551 FIDSTKS .686 .68 .627 .579 .579 .532 GAMING .684 .631 .578 .526 .526 .473 DOWJONES .666 .666 .6 .5 .533 .5 SP-100 .655 .644 .6 .533 .544 .488 RETAIL .63 .586 .586 .586 .652 .586 ETFS .618 .545 .436 .472 .472 .363 GREEN .611 .611 .611 .5 .555 .5 INDMATER .597 .527 .527 .444 .472 .43 OILGAS .577 .515 .463 .422 .402 .35 COPPER .571 .285 .428 .285 .571 .285 HACKERS .562 .562 .562 .5 .5 .437 BONDFUND .54 .425 .379 .678 .494 .344 DJI-13 .538 .538 .538 .538 .538 .461 ================================================================================================= BEVERAGE .5 .5 .428 .428 .5 .571 COAL .5 .5 .5 .333 .333 .5 ================================================================================================= INSURANC .48 .52 .52 .4 .44 .44 REGBANKS .476 .357 .404 .309 .333 .261 BIOTECH .415 .41 .38 .402 .385 .39 LOWPRICE .404 .372 .363 .346 .357 .36 MARIJUAN .4 .3 .2 .2 .2 .2 FOOD .367 .326 .285 .326 .367 .428 COMODITY .333 .282 .23 .282 .333 .384 EDU .333 .333 .333 .166 .166 .166 UTILITY .333 .333 .282 .282 .307 .307 CHINA .318 .318 .318 .318 .318 .318 SOLAR .25 .187 .187 .125 .125 .125 GOLD .111 .066 .066 .066 .088 .088 |
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Monday
-3:06 AM - 7/3/2023 - DJI
Futures -62 NASDAQ Futures +34 Data Used - 6/30/2023
6/30/2023
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Market
Outlook: The rally we are seeing is extraordinary if the FED really does intend to raise rates higher and to continue to sell off the trillions of debt instruments that it has on its books. Most likely, it will do nothing of the sort. And word of this is spreading among Wall Street Professionals even as Fed Chairman pretends to be a "hawk", His deceit and the bullish seasonality are only partly the reason why Closing Powers for all the key ETFs are making new highs now. Consumers are buying and traveling eagerly and with little restraint. The ones with money are optimistic. They are the ones that are important to Wall Street. The higher interest rates are no deterrent to them. See how Visa is about to breakout. So is JP Morgan. The real centers of strength remain the same. See Tables 2 and 3. They are in housing, semi-conductors, artificial intelligence and the ETFs TECL, QQQ and NAIL (homebuilders). NVDA rocketted up nearly 15 while MSFT, AAPL and TSLA rose more than four. And now airlines and the travel industry are taking off. We trust our Power Rankings and how well the Closing Powers and Relative Strength Lines look for these leaders. The DJI is less than a point away from making a new closing high. The A/D Line has been particularly strong recently. I suspect a DJI new high will be confirmed by our short-term breadth indicators. Volume and the OBV Line probably continue to lag. But OBV non-confirmations no longer seem to matter. Our bullishness with respect to the techs and housing stocks just does not depend on the DJI advancing past 34500 and completing a potentially very bullish inverted head and shoulders pattern. As they say, such a breakout in the DJI will just be "icing on the cake". With the NASDAQ up nearly 30% this year, the market is mocking the Fed chairman. The last time, the NASDAQ rose this much in the first six months of the year was back in mid 1983, when rates were falling and a significant top was six months away. Happy July Fourth. I expect to get more time now to work on a way to give Tiger users the ability to flag for themselves all unusual volume breakouts during the day and much more using Visual Net Basic, TC-2000 and Windows-10. It is wonderful not to have to worry about memory limits. And wouldn't it be great to graph the Power Ranker's raw score over the last five years. If you have ideas along these lines and want me to program them, now's the time to ask! |
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6/30/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90630.bmp Note the old Buy "b" trading signals. They are not safe to use when A/D Line is below its 21-dma: See OLD06 OLD0607 OLD07 OLD0708 OLD08 OLD0809 ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-30-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/6-30-2023/Bearish.htm . |
Table 1
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Table 2 QUICKSILVER on ETFS - 6/30/2023 --- Bullish = 6 COMPQX (+.315), QQQ, MDY(+.309), RETL, SOXL (+.657), TECL (+.672) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 343.85 2.69 337.14 98.8% Bullish BLUE .216 0 ==== --------------------------------------------------------------------------------------------- COMPQX 13787.92 196.59 13335.78 109.3% ------- BLUE .195 .12 .315 --------------------------------------------------------------------------------------------- SPY 443.28 5.17 431.44 115.7% Bullish BLUE .182 .056 .238 --------------------------------------------------------------------------------------------- QQQ 369.42 5.61 357.68 94.9% ------- BLUE .142 .145 .287 --------------------------------------------------------------------------------------------- MDY 478.91 3.28 462.53 217% ------- RED .278 .031 .309 --------------------------------------------------------------------------------------------- IWM 187.27 .89 180.75 183% ------- RED .195 .036 .231 --------------------------------------------------------------------------------------------- FAS 63.58 1.55 58.17 426.5% ------- BLUE .24 -.029 .211 --------------------------------------------------------------------------------------------- RETL 7.02 .09 6.47 433.2% Bullish RED .306 -.009 .297 --------------------------------------------------------------------------------------------- SOXL 24.83 1.02 22.09 634.3% ------- BLUE .044 .613 .657 --------------------------------------------------------------------------------------------- TECL 54.02 2.39 48.36 449.3% Bullish BLUE .169 .503 .672 --------------------------------------------------------------------------------------------- IBB 126.96 1.01 127.07 -60.8% Bullish BLUE .113 -.061 .052 --------------------------------------------------------------------------------------------- GLD 178.27 1.18 178.51 2% Bearish BLUE -.123 -.053 -.176 --------------------------------------------------------------------------------------------- DBO 14.12 .1 13.97 75.5% Bullish ---- .063 -.077 -.014 --------------------------------------------------------------------------------------------- OIH 287.6 4.91 273.46 366.5% ------- BLUE .192 -.013 .179 --------------------------------------------------------------------------------------------- CPER 23.2 .45 23.38 -73.3% ------- BLUE -.058 -.082 -.14 --------------------------------------------------------------------------------------------- TAN 71.42 2.5 68.41 245.5% ------- BLUE -.013 -.096 -.109 --------------------------------------------------------------------------------------------- UUP 28.38 -.12 28.32 5.3% Bearish ---- -.016 .007 -.009 --------------------------------------------------------------------------------------------- CORN 22.19 -1.22 25.62 -671.8% ------- RED -.019 -.132 -.151 --------------------------------------------------------------------------------------------- WEAT 6.44 -.15 7.21 -572.6% ------- RED -.01 -.085 -.095 --------------------------------------------------------------------------------------------- YINN 34.26 .92 33.72 153.4% ------- ---- .009 -.245 -.236 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/30/23 Bullish = 35 Bearish = 13 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP .947 .894 .894 .894 .894 .842 HOMEBLDG .944 1 1 1 .888 .888 HOSPITAL .923 .846 .769 .692 .615 .692 JETS .846 .846 .846 .846 .692 .692 NIFTY .818 .795 .772 .772 .681 .659 AUTO .811 .792 .754 .754 .716 .679 SEMI .787 .776 .744 .776 .691 .691 HIGHPRIC .744 .709 .688 .701 .675 .675 INFRA .741 .774 .677 .741 .612 .548 MILITARY .73 .615 .5 .538 .423 .423 NASD-100 .73 .72 .73 .76 .65 .65 ELECTRON .721 .714 .684 .729 .654 .646 SOFTWARE .714 .732 .696 .678 .625 .625 INDEXES .713 .67 .654 .67 .616 .61 EAT .707 .658 .658 .634 .536 .609 REIT .704 .688 .631 .647 .606 .377 COMPUTER .7 .65 .6 .55 .5 .55 RUS-1000 .693 .653 .613 .625 .56 .516 FIDSTKS .68 .627 .579 .579 .532 .526 CHEM .674 .604 .488 .488 .418 .395 SP500 .674 .627 .602 .608 .558 .519 DOWJONES .666 .6 .5 .533 .5 .533 ----- SP-100 .644 .6 .533 .544 .488 .444 GUNS .642 .642 .642 .642 .642 .642 FINANCE .637 .637 .487 .512 .462 .462 GAMING .631 .578 .473 .578 .473 .368 GREEN .611 .611 .5 .555 .5 .444 RETAIL .586 .586 .586 .652 .586 .565 BIGBANKS .571 .571 .285 .285 .285 .285 HACKERS .562 .562 .5 .5 .437 .437 ETFS .545 .436 .472 .472 .418 .345 DJI-13 .538 .538 .538 .538 .461 .461 INDMATER .527 .527 .444 .472 .43 .388 INSURANC .52 .52 .4 .44 .44 .36 OILGAS .515 .463 .422 .402 .35 .278 ====================================================================================================== BEVERAGE .5 .428 .428 .5 .571 .571 COAL .5 .5 .333 .333 .5 .333 ====================================================================================================== BONDFUND .425 .367 .678 .505 .367 .287 BIOTECH .407 .378 .405 .385 .398 .442 LOWPRICE .372 .366 .348 .357 .363 .346 REGBANKS .357 .404 .309 .333 .261 .214 EDU .333 .333 .166 .166 .166 .333 UTILITY .333 .282 .282 .307 .307 .23 FOOD .326 .306 .306 .367 .428 .408 CHINA .318 .318 .318 .318 .318 .295 MARIJUAN .3 .2 .2 .2 .2 0 COPPER .285 .428 .285 .571 .285 .285 COMODITY .282 .256 .256 .333 .384 .358 SOLAR .187 .187 .125 .125 .125 .187 GOLD .066 .066 .066 .088 .088 .044 |
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Friday -6:05 AM
- 6/30/2023 - DJI Futures +165 NASDAQ
Futures +134 Data Used - 6/29/2023
6/29/2023
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Market Outlook: Seasonality is particularly bullish for the next two weeks. Since 1967, in the the third years of the Presidential cycle, the DJI has risen 85.7% of the time and gained on average 1.67%. Bullishly rising now are the breadth figures shown in Table 1 and the A/D Lines for the NYSE and Russell-1000. Though, they might not confirm a new DJI high next week, we are seeing is a spreading out of the aggressive buying from tech stocks to medium and high priced quality stocks that are making new highs in the Bullish MAXCPs. These are stocks making Closing Power new highs that also show high AI/200 scores (above 147) and high current IP21 (above +..25). They now dominate our Bullish MAXCPs. I take this to be very bullish development, just as home-builders are the clear market leaders now. 100% of this group are above their 65-dma. It's hard to see how this group could be so strong if interest rates were going to go up much more. Similarly, the strength in the volatile semi-conductors is much more likely to be a sign of a new bull market than the beginning of another big leg downward. Yet, another bullish note: See also how 57% of all stocks and indexes are above their 65-dma and the DJI-30 jumped from 50% to 60% in this important statistic that measures likely overhead resistance. It's still true that the OBV Lines are lagging badly for the DJI. The advances have come in sudden buying surges, rather than steady advances. But note that the IP21 levels for the DIA (+.228 ), SPY ( +.166 ), QQQ (+.107) and TECL (+.104) are all safely positive, even though SOXL, MSFT and NVDA are now showing negative IP21 scores. Making the market look especially bullish at this juncture are the wretched- looking charts of the negative ETFs for the SP-500 and the DJI that are now among the most bearish looking charts in the "slim pickings" we show for Bearish MINCPs tonight. Under all these conditions, I would seek to close out all but a very few short positions. |
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6/29/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90629.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-29-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/6-29-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/298/2023 --- Bullish = 4 COMPQX (+.275), MDY(+.287, SOXL (+.482), TECL (+.537) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 341.16 2.53 337.16 26.9% Bullish BLUE .228 0 ===== --------------------------------------------------------------------------------------------- COMPQX 13591.33 -.42 13492.52 -14.5% ------- RED .161 .114 .275 --------------------------------------------------------------------------------------------- SPY 438.11 1.72 433.21 18.4% ------- BLUE .167 .054 .221 --------------------------------------------------------------------------------------------- QQQ 363.81 -.73 362.54 -32.5% ------- RED .108 .137 .245 --------------------------------------------------------------------------------------------- MDY 475.63 5.71 458.63 124.3% ------- BLUE .251 .036 .287 --------------------------------------------------------------------------------------------- IWM 186.38 2.12 180.57 83.6% ------- BLUE .205 .043 .248 --------------------------------------------------------------------------------------------- FAS 62.03 2.92 58.51 232.6% ------- BLUE .256 -.036 .22 --------------------------------------------------------------------------------------------- RETL 6.93 .1 6.44 248.9% Bullish BLUE .251 -.015 .236 --------------------------------------------------------------------------------------------- SOXL 23.81 .09 21.89 154.1% ------- RED -.023 .505 .482 --------------------------------------------------------------------------------------------- TECL 51.63 .31 49.49 35.8% ------- BLUE .104 .433 .537 --------------------------------------------------------------------------------------------- IBB 125.95 -.3 128.5 -153% Bullish ---- .105 -.055 .05 --------------------------------------------------------------------------------------------- GLD 177.09 -.19 178.2 -17.4% Bearish BLUE -.19 -.053 -.243 --------------------------------------------------------------------------------------------- DBO 14.02 .08 13.91 46.8% Bullish ---- .02 -.091 -.071 --------------------------------------------------------------------------------------------- OIH 282.69 5.33 267.4 222.4% ------- BLUE .12 -.018 .102 --------------------------------------------------------------------------------------------- CPER 22.75 -.18 23.54 -266.6% Bearish ---- -.043 -.096 -.139 --------------------------------------------------------------------------------------------- TAN 68.92 -.71 68.04 -.7% Bearish RED -.047 -.125 -.172 --------------------------------------------------------------------------------------------- UUP 28.5 .12 28.35 53% ------- ---- -.035 .024 -.011 --------------------------------------------------------------------------------------------- CORN 23.41 -.33 25.49 -673.5% ------- RED .097 -.085 .012 --------------------------------------------------------------------------------------------- WEAT 6.59 -.01 7.23 -525.1% ------- ---- .097 -.077 .02 --------------------------------------------------------------------------------------------- YINN 33.34 -1.65 33.21 -311.7% ------- BLUE .071 -.281 -.21 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/29/23 Bullish = 34 Bearish = 15 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG 1 1 1 .888 .888 .888 TRANSP .894 .894 .894 .894 .842 .842 HOSPITAL .846 .769 .692 .615 .692 .692 JETS .846 .846 .846 .692 .692 .769 ================================================================================================= NIFTY .795 .772 .772 .681 .659 .75 AUTO .792 .773 .754 .716 .679 .754 SEMI .776 .744 .776 .691 .68 .744 INFRA .774 .677 .741 .612 .548 .645 SOFTWARE .732 .714 .678 .625 .625 .696 NASD-100 .72 .73 .76 .65 .65 .74 ELECTRON .714 .684 .729 .654 .646 .691 HIGHPRIC .709 .688 .701 .675 .679 .709 REIT .688 .622 .655 .614 .385 .532 INDEXES .67 .654 .67 .616 .61 .675 EAT .658 .658 .634 .536 .609 .56 RUS-1000 .653 .613 .625 .56 .525 .581 COMPUTER .65 .6 .55 .5 .55 .65 GUNS .642 .642 .642 .642 .642 .642 FINANCE .637 .487 .512 .45 .462 .487 FIDSTKS .627 .579 .579 .532 .526 .568 SP500 .627 .602 .608 .556 .529 .578 MILITARY .615 .5 .538 .423 .423 .5 GREEN .611 .5 .555 .5 .444 .555 CHEM .604 .488 .488 .418 .395 .395 DOWJONES .6 .5 .533 .5 .533 .533 ======= SP-100 .6 .533 .544 .488 .455 .522 RETAIL .586 .586 .652 .586 .565 .586 GAMING .578 .473 .526 .526 .368 .473 BIGBANKS .571 .285 .285 .285 .285 .285 HACKERS .562 .5 .5 .437 .437 .562 DJI-13 .538 .538 .538 .461 .461 .461 INDMATER .527 .444 .472 .43 .388 .458 INSURANC .52 .4 .44 .44 .36 .48 ================================================================================================= COAL .5 .333 .333 .5 .333 .333 ================================================================================================= OILGAS .463 .422 .402 .35 .278 .319 ETFS .436 .472 .472 .418 .381 .49 BEVERAGE .428 .428 .5 .571 .571 .714 COPPER .428 .285 .571 .285 .285 .857 REGBANKS .404 .309 .333 .261 .214 .333 BIOTECH .375 .402 .388 .398 .447 .504 BONDFUND .367 .666 .505 .379 .298 .137 LOWPRICE .366 .351 .36 .363 .343 .384 EDU .333 .166 .166 .166 .333 .166 CHINA .318 .318 .318 .318 .295 .318 UTILITY .282 .282 .307 .307 .23 .333 COMODITY .256 .282 .307 .384 .358 .41 FOOD .222 .25 .305 .388 .361 .388 MARIJUAN .2 .2 .2 .2 0 .4 ==================================================================================================== SOLAR .187 .125 .125 .125 .187 .187 GOLD .066 .066 .088 .088 .044 .133 |
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Thursday -5:56 AM -
6/29/2023 - DJI Futures +139 NASDAQ
Futures +52 Data Used - 6/28/2023
6/28/2023
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Market Outlook: Instead of insisting on the need for two more rate hikes, Fed Chairman Powell took a significant step back from his recent hawkishness. He said only that two more rate hikes this year would be "on the table" at the next FOMC meeting. This is much more than a nuanced change or words; it shows that the FOMC "doves" that want a longer pause to see how the CPI numbers actually come out before making a decision about raising rates are making a persuasive case. Powell is no longer insisting on more rate hikes. Given the falling price of Crude, commodities and Gold, this is a bullish development. As a result, we saw the Closing Powers turn up smartly today and even the side-tracking DJI turned up from its 21-day ma. Moreover, a number of the home-builders, our strongest group in Table 3, rose sharply. The market's breadth has recently been improving. This should allow the DJI to re-challenge its highs and permit the techs that have been the market leaders to move still higher. See below how our faith in the rising Closing Power Line matched with a rising Closing Power have been rewarded for the NASDAQ, QQQ and TECL (which has the higher "Power" score in Table 2.). Once again, Professionals have shown that they have an inside track on what the FED is likely to do. Stay long the tech stocks and pick some of the bullish MAXCPs to play the expected rally. It should spill over to the bullish period before July 4th. The only shorts I would still hold are the still downtrending regional banks. |
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6/28/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90628.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-28-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/6-28-2023/Bearish.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/28/2023 --- Bullish = 2 SOXL (+.431), TECL (+.46 8) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 338.63 -.6 339.34 -11.8% Bullish RED .207 0 ---- --------------------------------------------------------------------------------------------- COMPQX 13591.75 36.08 13630.61 33.2% Bullish BLUE .125 .122 .247 --------------------------------------------------------------------------------------------- SPY 436.39 .22 436.51 16.7% Bullish BLUE .076 .058 .134 --------------------------------------------------------------------------------------------- QQQ 364.54 .71 366.17 36.4% Bullish BLUE .068 .147 .215 --------------------------------------------------------------------------------------------- MDY 469.92 .1 464.07 36.6% Bullish BLUE .206 .03 .236 --------------------------------------------------------------------------------------------- IWM 184.26 .9 183.33 -12.1% Bullish BLUE .171 .034 .205 --------------------------------------------------------------------------------------------- FAS 59.11 -.25 59.29 -136% ------- RED .2 -.065 .135 --------------------------------------------------------------------------------------------- RETL 6.83 .03 6.6 197.7% Bullish BLUE .263 -.022 .241 -------------------------------------------------------------------------------------------- SOXL 23.72 -.65 23.1 205.7% ------- BLUE -.095 .526 .431 --------------------------------------------------------------------------------------------- TECL 51.32 .05 51.27 132.8% Bullish BLUE .023 .445 .468 --------------------------------------------------------------------------------------------- IBB 126.25 .72 129.85 -139.3% Bullish BLUE .087 -.051 .036 --------------------------------------------------------------------------------------------- GLD 177.28 -.41 177.71 -62% Bearish ---- -.198 -.041 -.239 --------------------------------------------------------------------------------------------- DBO 13.94 .26 13.89 -161.1% Bullish BLUE .016 -.09 -.074 --------------------------------------------------------------------------------------------- OIH 277.36 .3 270.54 31.9% ------- BLUE .119 -.029 .09 --------------------------------------------------------------------------------------------- CPER 22.93 -.44 24 -219.9% Bearish RED -.015 -.077 -.092 --------------------------------------------------------------------------------------------- TAN 69.63 .43 68.93 -.7% Bullish BLUE -.03 -.108 -.138 --------------------------------------------------------------------------------------------- UUP 28.38 .13 28.2 49.6% Bearish ---- -.035 .024 -.011 --------------------------------------------------------------------------------------------- CORN 23.74 -.8 26.81 -667.1% Bullish RED .132 -.059 .073 --------------------------------------------------------------------------------------------- WEAT 6.6 -.26 7.33 -487.1% ------- RED .106 -.061 .045 --------------------------------------------------------------------------------------------- YINN 34.99 -.86 35.5 -117.8% ------- ---- .044 -.245 -.201 |
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TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/28/23 Bullish = 24 Bearish = 22 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG 1 1 .888 .888 .888 .944 TRANSP .894 .894 .894 .842 .842 .789 JETS .846 .846 .692 .692 .769 .846 ------------------------------------------------------------------------------------------------- AUTO .773 .773 .716 .679 .754 .754 NIFTY .772 .772 .681 .659 .727 .75 HOSPITAL .769 .692 .615 .692 .692 .692 SEMI .744 .776 .691 .68 .734 .734 NASD-100 .73 .76 .65 .65 .74 .66 SOFTWARE .714 .696 .625 .625 .696 .66 HIGHPRIC .688 .701 .675 .679 .705 .705 ELECTRON .684 .729 .654 .646 .684 .706 INFRA .677 .741 .612 .548 .612 .645 BONDFUND .666 .494 .379 .31 .149 .218 EAT .658 .634 .536 .609 .56 .658 INDEXES .654 .67 .616 .61 .664 .718 GUNS .642 .642 .642 .642 .642 .642 REIT .622 .647 .622 .393 .508 .639 RUS-1000 .613 .625 .56 .525 .582 .618 SP500 .602 .608 .556 .527 .576 .608 COMPUTER .6 .55 .5 .55 .65 .65 RETAIL .586 .652 .586 .565 .586 .608 FIDSTKS .579 .579 .532 .526 .573 .603 DJI-13 .538 .538 .461 .461 .461 .538 SP-100 .533 .544 .488 .455 .533 .566 ================================================================================================ DOWJONES .5 .533 .5 .533 .533 .5 GREEN .5 .555 .5 .444 .555 .555 HACKERS .5 .5 .437 .437 .562 .5 MILITARY .5 .538 .423 .423 .5 .692 ================================================================================================ CHEM .488 .488 .418 .395 .395 .488 FINANCE .487 .512 .45 .45 .5 .675 GAMING .473 .526 .473 .421 .473 .473 ETFS .472 .472 .418 .381 .509 .527 INDMATER .444 .472 .43 .388 .43 .5 BEVERAGE .428 .5 .571 .571 .714 .571 OILGAS .422 .402 .35 .278 .329 .453 BIOTECH .4 .385 .4 .447 .507 .5 INSURANC .4 .44 .44 .36 .48 .48 LOWPRICE .348 .359 .362 .342 .38 .398 COAL .333 .333 .5 .333 .333 .333 FOOD .326 .367 .408 .428 .469 .53 CHINA .318 .318 .318 .295 .318 .318 REGBANKS .309 .333 .261 .214 .309 .452 BIGBANKS .285 .285 .285 .285 .428 .714 COPPER .285 .571 .285 .285 .857 .714 COMODITY .282 .333 .358 .358 .435 .512 UTILITY .282 .307 .307 .23 .358 .435 ------------------------------------------------------------------------------------------------ MARIJUAN .2 .2 .2 0 .4 .2 EDU .166 .166 .166 .333 .166 .166 SOLAR .125 .125 .125 .187 .187 .25 GOLD .066 .088 .088 .044 .111 .111 |
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Wednesday -6:04 AM - 6/28/2023 - DJI Futures -31 NASDAQ Futures -71 Data Used - 6/27/2023
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6/27/2023
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Market Outlook: The Breadth NCs have brought Sell S8*s to the the DJI chart. These are trading range signals and recently dropped the DJI back to its 65-dma and its still rising 21-dma support. As good as the rally looked today, it was from an oversold conditon. The DJI will now need to get back above its 34000 resistance. Breadth was very positive for the second day. This shows that Fed Chairman Powell''s hawkish words about two more rate hikes are not wholly believed. Moreover, the demand for housing and travel are very strong. This is not what one would see if a recession lay just ahead. The market's rally also reminds us that the demand for artificial intelligence in the form of smarter and smarter chips just cannot be denied even by the FED, almighty. Tbe weakness in oil prices, on the other hand, is consistent with a weakening economic outlook. And Gold and Silver's failure to rally can be interpreted to mean that while there will be no panic financial ahead, but the higher rates will tend to make holding precious metals less appealing. Avoid oil stocks and gold a hedge. Professionals see these things and remain confident enough to keep buying the ETFs representing indexes which overweight the best performing housing and tech stocks. But they are getting selective with their stock purchases. GOOG, for example, seems to be topping out. NVDA is in a minor downtrend. And some big name biotechs, like REGN, were dumped today. The rush to buy housing stocks by Profesessionals is wholly out of character for the scenario that the Public expects, namely a much weaker national economy and rates that will approach the dangerous 6% danger-point later this year. Performance is still king among Professionals.. Safety is less important. Hence the Closing Powers are still rising for DIA, SPY, QQQ, MSFT, AAPL and TECL. But this is a game of musical chairs. It puts extra pressure on the market to continue to show strength after weaker openings among the leaders. It remains to be seen if the market can stay so strong if the FED actually is going to raise rates to 5 1/2%-5 3/4% in a few months. The best way to trade this is to remain long the stocks and ETFs that show rising Closing Powers and Relative Strengh Lines. Where possible, new long positions should also show high current Accumulation, IP21 over .30. Shorting some of the weakest regional banks should offer us some protection against more evidence of much higher interest rates and consumers. |
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6/27/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90627.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-27-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/6-27-2023/Bearish.htm |
Peerless DJI Chart
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SP-500 Chart
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QQQ Chart
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/27/2023 --- Bullish = 4 COMPQX, RETL, SOXL (+.542), TECL (+.528) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.23 2.09 339.43 -18.2% ------- BLUE .213 ---- ------ --------------------------------------------------------------------------------------------- COMPQX 13555.67 219.89 13502.2 -41.3% Bullish BLUE .15 .117 .267 --------------------------------------------------------------------------------------------- SPY 436.17 4.73 434.94 -11.6% ------- BLUE .148 .056 .204 --------------------------------------------------------------------------------------------- QQQ 363.83 6.15 361.9 -42.3% Bullish BLUE .104 .141 .245 --------------------------------------------------------------------------------------------- MDY 469.82 7.29 466.52 29.8% Bullish BLUE .2 .033 .233 --------------------------------------------------------------------------------------------- IWM 183.36 2.61 184.7 -48.4% Bullish BLUE .175 .038 .213 --------------------------------------------------------------------------------------------- FAS 59.36 1.19 60.72 -196.9% ------- BLUE .189 -.034 .155 --------------------------------------------------------------------------------------------- RETL 6.8 .33 6.57 168.4% Bullish BLUE .269 -.018 .251 --------------------------------------------------------------------------------------------- SOXL 24.37 2.28 22.78 -61.1% ------- BLUE -.021 .563 .542 --------------------------------------------------------------------------------------------- TECL 51.27 2.91 49.99 -110.3% Bullish BLUE .074 .454 .528 --------------------------------------------------------------------------------------------- IBB 125.53 -1.54 129.82 -187.8% Bearish RED .064 -.053 .011 --------------------------------------------------------------------------------------------- GLD 177.69 -.82 179.49 -57.6% Bearish RED -.19 -.048 -.238 --------------------------------------------------------------------------------------------- DBO 13.68 -.29 14.39 -167.1% ------- RED -.009 -.125 -.134 --------------------------------------------------------------------------------------------- OIH 277.06 3.6 275.62 91.2% ------- BLUE .088 -.039 .049 --------------------------------------------------------------------------------------------- CPER 23.37 -.01 23.97 -122% ------- ---- .035 -.072 -.037 --------------------------------------------------------------------------------------------- TAN 69.2 .79 69.64 -94.1% Bearish BLUE -.027 -.095 -.122 --------------------------------------------------------------------------------------------- UUP 28.25 -.07 28.1 3.5% ------- ---- -.032 .019 -.013 --------------------------------------------------------------------------------------------- CORN 24.54 -1.08 27.2 -272.7% Bullish RED .218 -.024 .194 --------------------------------------------------------------------------------------------- WEAT 6.86 -.35 7.3 -69.4% ------- RED .221 -.014 .207 --------------------------------------------------------------------------------------------- YINN 35.85 2.13 35.81 -114.4% ------- BLUE .043 -.171 -.128 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/27/23 Bullish = 29 Bearish = 19 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG 1 .888 .888 .888 .944 .944 TRANSP .894 .894 .842 .842 .789 .842 JETS .846 .692 .692 .769 .846 .846 =============================================================================================== SEMI .776 .691 .68 .734 .723 .797 AUTO .773 .735 .679 .754 .754 .773 NIFTY .772 .681 .659 .727 .75 .818 NASD-100 .76 .65 .65 .74 .68 .75 INFRA .741 .612 .548 .612 .645 .677 ELECTRON .729 .654 .646 .684 .699 .751 HIGHPRIC .701 .675 .679 .705 .709 .727 SOFTWARE .696 .642 .625 .696 .66 .678 HOSPITAL .692 .615 .692 .692 .692 .692 INDEXES .67 .616 .61 .664 .718 .718 RETAIL .652 .586 .565 .586 .608 .586 REIT .647 .614 .401 .516 .631 .672 GUNS .642 .642 .642 .642 .642 .642 EAT .634 .536 .609 .56 .658 .682 RUS-1000 .625 .56 .525 .582 .62 .632 SP500 .608 .556 .527 .574 .615 .617 FIDSTKS .579 .532 .526 .573 .609 .639 COPPER .571 .285 .285 .857 .714 .714 GREEN .555 .5 .444 .555 .555 .611 COMPUTER .55 .5 .55 .65 .65 .7 SP-100 .544 .488 .455 .533 .566 .588 DJI-13 .538 .461 .461 .461 .538 .692 MILITARY .538 .423 .423 .5 .692 .615 DOWJONES .533 .5 .533 .533 .5 .6 GAMING .526 .473 .368 .526 .526 .684 FINANCE .512 .45 .45 .487 .662 .65 ====================================================================================================== BEVERAGE .5 .571 .571 .714 .571 .571 HACKERS .5 .437 .437 .562 .5 .625 ====================================================================================================== BONDFUND .494 .367 .31 .16 .229 .172 CHEM .488 .418 .395 .395 .465 .488 ETFS .472 .418 .381 .509 .545 .563 INDMATER .472 .43 .388 .43 .486 .458 INSURANC .44 .44 .36 .48 .48 .44 OILGAS .402 .35 .278 .329 .443 .402 BIOTECH .383 .398 .45 .507 .507 .524 FOOD .367 .428 .408 .469 .53 .51 LOWPRICE .366 .372 .349 .383 .398 .398 COAL .333 .5 .333 .333 .333 .333 COMODITY .333 .384 .333 .435 .512 .487 REGBANKS .333 .261 .214 .309 .452 .595 CHINA .318 .318 .295 .318 .318 .34 UTILITY .307 .307 .23 .358 .435 .384 BIGBANKS .285 .285 .285 .428 .714 .857 ======================================================================================================= MARIJUAN .2 .2 0 .4 .2 .2 EDU .166 .166 .333 .166 .166 .166 SOLAR .125 .125 .187 .187 .25 .312 GOLD .088 .088 .044 .111 .111 .088 |
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Tuesday -6:00 AM - 6/26/2023 -
DJI Futures -28 NASDAQ Futures +58
Data Used - 6/26/2023
6/26/2023
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In coming
down from its recent high, the DJI has now fallen 7 of the last 8 days. It is Fed Chairman Powell's hawkishness that has sent the bulls to the exits He is making believers of those who doubted his determination to deliberately cause an economc slow-down. He has dropped the words "soft landing" from his speeches. Does he intend to keep raising rates until unemployment goes back up to 5%, 6% or higher? That could be very dangerous given how dependent Wall Street has become on Powell's usual supporting of the market. If the biggest tech stocks, AAPL, MSFT, GOOG, NVDA and TSLA do not turn back up today, it will be very troubling. It is their leadership along with AMZN that has allowed the NASDAQ and SP-500 to run to new highs. First, their Opening Powers were recently broken. After a six-week rally, this is clearly a warning. Now we must watch for Closing Power and Relative Strength violations. When they take place, as in NVDA's case with prices far above the 65-dma, it does not take much for a quick retreat of 10%-15% to occur. But that still allows the stock plenty of room to regroup and rebound nearer its rising 65-dma. GOOG's short-term top pattern is more threatening. Its RSQ is in a visible downtrend. QQQ, TECL and MSFT now show Closing Powers and Relative Strength Lines that are testing their uptrends. This is where new buyers must come in after the opening to keep their uptrends alive. Otherwise, they will likely have to fall back to their rising 65-dma supports. Traders will have to wait and see how these three fare today. Hold AI stocks as long term investments. It should be easier to ride the current decline out if one holds short some of the bearish MINCPs, especially the weaker Regional Banks. |
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6/26/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90626.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-26-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/6-26-2023/Bearish.htm |
DIA's Closing Power has broken
its uptrend and its Opening Power is falling. |
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MSFT''s Closing Power and RSQ are testing their uptrends. |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/23/2023 --- Bullish = 4 SOXL (+.430, TECL (+.430), CORN (+.281), WEAT(+.361) Bearish = 2 GLD(-.253), YINN(-.272) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 337.14 -.02 340.46 -85.5% ------- BLUE .208 0 ---- --------------------------------------------------------------------------------------------- COMPQX 13335.78 -156.74 13667.29 -130.1% ------- RED .124 .106 .23 --------------------------------------------------------------------------------------------- SPY 431.44 -1.77 437.18 -91.9% ------- RED .126 .053 .179 --------------------------------------------------------------------------------------------- QQQ 357.68 -4.86 366.9 -140.4% ------- RED .095 .13 .225 --------------------------------------------------------------------------------------------- MDY 462.53 3.9 467.06 -86.1% ------- BLUE .192 .022 .214 --------------------------------------------------------------------------------------------- IWM 180.75 .18 185.13 -141.1% ------- BLUE .151 .024 .175 --------------------------------------------------------------------------------------------- FAS 58.17 -.34 61.71 -401.5% ------- RED .191 -.014 .177 --------------------------------------------------------------------------------------------- RETL 6.47 .03 6.58 -159.7% ------- BLUE .227 -.057 .17 --------------------------------------------------------------------------------------------- SOXL 22.09 .2 24.65 -669.3% ------- RED .011 .419 .43 --------------------------------------------------------------------------------------------- TECL 48.36 -1.13 52.38 -500.7% ------- RED .072 .358 .43 --------------------------------------------------------------------------------------------- IBB 127.07 -1.43 130.38 -162.7% Bearish RED .096 -.039 .057 --------------------------------------------------------------------------------------------- GLD 178.51 .31 179.75 -87% Bearish RED -.203 -.05 -.253 --------------------------------------------------------------------------------------------- DBO 13.97 .06 14.15 -95.6% Bullish BLUE .031 -.092 -.061 --------------------------------------------------------------------------------------------- OIH 273.46 6.06 272.1 -52.3% ------- BLUE .075 -.043 .032 --------------------------------------------------------------------------------------------- CPER 23.38 -.16 23.95 -102.7% ------- RED .042 -.065 -.023 --------------------------------------------------------------------------------------------- TAN 68.41 .37 70.5 -312.9% Bearish BLUE -.052 -.102 -.154 --------------------------------------------------------------------------------------------- UUP 28.32 -.03 28.23 30.1% Bearish ---- .003 .039 .042 --------------------------------------------------------------------------------------------- CORN 25.62 .13 25.97 -62.8% Bullish BLUE .237 .044 .281 --------------------------------------------------------------------------------------------- WEAT 7.21 -.02 6.96 245.2% ------- RED .288 .073 .361 --------------------------------------------------------------------------------------------- YINN 33.72 .51 36.65 -1130.1% ------- ---- -.034 -.238 -.272 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/26/23 Bullish = 21 Bearish = 25 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- TRANSP .894 .842 .842 .789 .842 .842 HOMEBLDG .888 .888 .888 .944 .944 .944 ---------------------------------------------------------------------------------------------- AUTO .735 .698 .754 .754 .773 .811 JETS .692 .692 .769 .846 .846 .846 SEMI .691 .68 .734 .723 .765 .84 NIFTY .681 .659 .727 .75 .818 .886 HIGHPRIC .675 .679 .705 .709 .727 .753 ELECTRON .654 .646 .684 .699 .729 .796 NASD-100 .65 .65 .74 .68 .75 .79 GUNS .642 .642 .642 .642 .642 .642 SOFTWARE .642 .642 .696 .66 .696 .678 INDEXES .616 .61 .664 .718 .718 .74 HOSPITAL .615 .692 .692 .692 .692 .769 REIT .614 .393 .524 .639 .672 .745 INFRA .612 .548 .612 .645 .677 .709 RETAIL .586 .565 .586 .608 .586 .608 BEVERAGE .571 .571 .714 .571 .571 .714 RUS-1000 .56 .525 .582 .62 .634 .689 SP500 .556 .527 .574 .613 .623 .678 EAT .536 .609 .56 .658 .682 .731 FIDSTKS .532 .526 .573 .609 .656 .692 ================================================================================================ COAL .5 .333 .333 .333 .333 .333 COMPUTER .5 .55 .65 .65 .7 .7 DOWJONES .5 .533 .533 .5 .6 .666 GREEN .5 .444 .555 .555 .611 .722 SP-100 .488 .455 .533 .566 .6 .688 GAMING .473 .368 .473 .578 .684 .526 DJI-13 .461 .461 .461 .538 .692 .692 FINANCE .45 .45 .487 .65 .65 .775 INSURANC .44 .36 .48 .48 .44 .48 HACKERS .437 .437 .562 .5 .625 .687 INDMATER .43 .388 .43 .486 .472 .569 FOOD .428 .428 .448 .53 .51 .551 MILITARY .423 .423 .5 .692 .615 .653 CHEM .418 .395 .395 .465 .488 .674 ETFS .418 .381 .509 .545 .6 .8 BIOTECH .395 .447 .509 .507 .539 .532 COMODITY .384 .358 .41 .512 .487 .538 LOWPRICE .372 .352 .386 .401 .398 .424 BONDFUND .367 .298 .16 .241 .183 .172 OILGAS .35 .278 .329 .443 .422 .525 CHINA .318 .295 .318 .318 .34 .5 UTILITY .307 .23 .358 .435 .41 .487 BIGBANKS .285 .285 .428 .714 .857 .857 COPPER .285 .285 .857 .714 .714 .857 REGBANKS .261 .214 .309 .452 .571 .69 ------------------------------------------------------------------------------------------------ MARIJUAN .2 0 .4 .2 .2 .3 EDU .166 .333 .166 .166 .166 .166 SOLAR .125 .187 .187 .25 .312 .5 GOLD .088 .044 .111 .111 .088 .155 |
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Monday -5:55 AM - 6/26/2023 -
DJI Futures -10 NASDAQ Futures +5
Data Used - 6/23/2023
6/23/2023
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Powell's insistence on two more rate hikes this year, without the usual caveat that he would be waiting upon the latest economic and inflation news, has turned the blue chips and NYSE dividend stocks down. They have fallen back into their year-long trading range. That has validated our automatic red Sells on GS, FAS and Regional Banks. Rates above 5% usually take a toll on the economy. Above 6%, they become quite dangerous. That is was what turned the booming 1920s into the bust of the 1930s. Most likely, Powell knows this and is using his words to turn the market back down for now. If it falls 20%, he figures he can reverse and turn it back up. Putin in Russia now looks personally vulnerable in a way he has never been. Will that lead to peace in the Ukraine, or will he "double-down"? Peace would great. And it would be bullish. But right now, the DJI is fighting to stay above its still rising 21-day ma, but with a much lower IP21 score, warning us that big money is not supporting the DJI now, with its highest price component, UNH on a new red Sell, and with its Opening Power and P-Indicators now weakening appreciably. The market's appearance of strength now depends on a handful of tech stocks and the retail-goliath, AMZN. Their relative strength and Closing Powers are bullishly still rising. But as you can see in the second SP-500 chart above, most SP-500 stocks are acting much weaker. And now a majority of all stocks and ETFs are back below their 65-dma. With Professionals apt to take more and more time off because Summer has officially arrived, a decline by the DJI to 33000 seems the most likely scenario ahead. So, I've suggested shorting some MINCPs as hedges while we hold the tech leaders and some housing stocks. For hedgin purposes. the regional banks gain look the most vulnerable. The higher rates go, the more "under the water" their long term holdings are. It is by no means clear that the Congress and the President will work together to increase the FDIC insurance amount. So, we may even see another bank run if Powell really follows through and raises rates to 5 1/2%-5 3/4%. I refuse to think the FED is so ignorant of its own history so as to raise rates to 6%. Let's hope so. |
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6/23/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90623.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-23-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/downing/6-23-2023/Bearish.htm |
Table 1
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Table 2 QUICKSILVER on ETFS - 6/23/2023 --- Bullish = 6 COMPQX, QQQ, SOXL (+.494), TECL (+.554), CORN, WEAT) Bearish = 1 GLD, YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 337.16 -2.18 342.95 -111.5% Bullish ---- .177 0 .------ --------------------------------------------------------------------------------------------- COMPQX 13492.52 -138.09 13689.57 -106.3% Bullish BLUE .18 .129 .309 --------------------------------------------------------------------------------------------- SPY 433.21 -3.3 439.46 -107.2% Bullish BLUE .152 .06 .212 --------------------------------------------------------------------------------------------- QQQ 362.54 -3.63 367.93 -105.3% Bullish BLUE .149 .156 .305 --------------------------------------------------------------------------------------------- MDY 458.63 -5.44 470.54 -166.5% Bullish RED .172 .009 .181 --------------------------------------------------------------------------------------------- IWM 180.57 -2.76 185.94 -185.4% Bullish RED .173 .025 .198 --------------------------------------------------------------------------------------------- FAS 58.51 -.78 63.04 -401.5% ------- BLUE .18 .004 .184 --------------------------------------------------------------------------------------------- RETL 6.44 -.16 6.68 -426.1% Bullish ---- .216 -.061 .155 --------------------------------------------------------------------------------------------- SOXL 21.89 -1.21 25.24 -833.9% ------- RED .068 .426 .494 --------------------------------------------------------------------------------------------- TECL 49.49 -1.78 53.5 -516.1% Bullish BLUE .101 .453 .554 --------------------------------------------------------------------------------------------- IBB 128.5 -1.35 131.3 -126.7% ------- RED .093 -.017 .076 --------------------------------------------------------------------------------------------- GLD 178.2 .49 181.63 -103% Bearish RED -.22 -.05 -.27 --------------------------------------------------------------------------------------------- DBO 13.91 .02 14.24 -56.5% ------- BLUE .029 -.112 -.083 --------------------------------------------------------------------------------------------- OIH 267.4 -3.14 276.31 -201.2% ------- BLUE .074 -.073 .001 --------------------------------------------------------------------------------------------- CPER 23.54 -.46 23.87 -89.8% Bullish BLUE -.002 -.057 -.059 --------------------------------------------------------------------------------------------- TAN 68.04 -.89 72.79 -363.3% Bearish RED -.02 -.09 -.11 --------------------------------------------------------------------------------------------- UUP 28.35 .15 28.15 44.4% Bearish ---- .041 .024 .065 --------------------------------------------------------------------------------------------- CORN 25.49 -1.32 25.95 82.1% Bullish RED .244 .025 .269 --------------------------------------------------------------------------------------------- WEAT 7.23 -.1 6.86 413.1% Bullish ---- .333 .051 .384 --------------------------------------------------------------------------------------------- YINN 33.21 -2.29 42 -1241.3% ------- RED -.056 -.208 -.264 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/23/23 Bullish = 22 Bearish = 28 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .888 .888 .944 .944 .944 .944 TRANSP .842 .842 .789 .842 .842 .842 -------------------------------------------------------------------------------------------------- AUTO .698 .773 .754 .773 .811 .811 HOSPITAL .692 .692 .692 .692 .769 .769 JETS .692 .769 .846 .846 .846 .846 SEMI .68 .734 .723 .765 .829 .829 HIGHPRIC .679 .705 .709 .727 .757 .757 NIFTY .659 .727 .75 .818 .863 .84 NASD-100 .65 .74 .68 .75 .79 .81 ELECTRON .646 .684 .699 .729 .781 .789 GUNS .642 .642 .642 .642 .642 .714 SOFTWARE .642 .714 .66 .696 .696 .678 INDEXES .61 .664 .718 .718 .74 .74 EAT .609 .56 .658 .682 .731 .731 INFRA .575 .636 .666 .696 .727 .818 BEVERAGE .571 .714 .571 .571 .714 .714 RETAIL .565 .586 .608 .586 .608 .63 COMPUTER .55 .65 .65 .7 .7 .75 DOWJONES .533 .533 .5 .6 .666 .633 SP500 .527 .574 .613 .621 .678 .67 FIDSTKS .526 .573 .609 .656 .692 .692 RUS-1000 .526 .583 .62 .634 .688 .686 ================================================================================================== DJI-13 .461 .461 .538 .692 .692 .692 SP-100 .455 .533 .566 .6 .677 .655 FINANCE .45 .487 .65 .637 .775 .775 BIOTECH .445 .507 .509 .539 .534 .532 GREEN .444 .555 .555 .611 .722 .722 HACKERS .437 .562 .5 .625 .687 .625 FOOD .428 .469 .51 .51 .551 .51 MILITARY .423 .5 .692 .615 .615 .576 CHEM .395 .395 .465 .488 .674 .697 REIT .393 .516 .647 .68 .737 .729 INDMATER .388 .43 .486 .472 .569 .597 ETFS .381 .509 .545 .6 .818 .781 GAMING .368 .473 .526 .736 .578 .631 INSURANC .36 .48 .48 .44 .48 .44 COMODITY .358 .435 .487 .487 .538 .487 LOWPRICE .352 .389 .404 .401 .424 .409 COAL .333 .333 .333 .333 .333 .333 EDU .333 .166 .166 .166 .166 .166 BONDFUND .298 .149 .241 .195 .195 .252 CHINA .295 .318 .318 .34 .5 .522 BIGBANKS .285 .428 .714 .857 .857 .857 COPPER .285 .857 .714 .714 .857 1 OILGAS .278 .329 .443 .422 .525 .556 UTILITY .23 .358 .435 .41 .487 .461 REGBANKS .214 .309 .452 .571 .69 .69 SOLAR .187 .187 .25 .312 .5 .562 GOLD .044 .111 .111 .088 .155 .133 MARIJUAN 0 .4 .2 .2 .3 .3 |
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Friday - 6:15 AM - 6/23/2023 - Data
Used - 6/22/2023
6/22/2023
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The DJI is unable to rally. Traders are aware of its repeated failures to get past 34000+. They see more rate hikes ahead and know these will hurt dividend stocks and blue chips. Many NY traders have decided it's Summer and time to take some time off. But these factors do not seem to have the same impact on the growth stock fanciers who favor the leading tech stocks. Into this elite realm of MSFT, NVDA, QQQ and TECL are now TSLA and AMZN, both of which can play on their past successes as market leaders. But the prospect of higher rates is hurting Regional Banks, retailers other than AMZN and now big banks, as measured by their ETF, FAS. Another week of DJI decline would seem to lie ahead. That will probably frighten retail investors. Hence, more weaker openikngs lie ahead. Watch to see if Professionals join in the selling of the blue chips. Normally, when there is lots of resistance perceived to be overhead, as at 34300, the DJI must plumb for support 1,000 points lower. But first, we will should watch to see how easily it breaks below its rising 65-dma. The weak OBV we see in the DJI chart argues against an upside breakout. It's best now to hold the strongest techs and short some of regional banks and other bearish MINCPs. |
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6/22/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90622.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-22-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-22-2023/BEARISH.htm |
Table 1
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Table 2 QUICKSILVER on ETFS - 6/22/2023 --- Bullish = 6 COMPQX, QQQ, SOXL (+.467), TECL (+.557), CORN, WEAT) Bearish = 1 YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.34 -.09 344.77 -15.8% Bullish BLUE .159 0 ------- --------------------------------------------------------------------------------------------- COMPQX 13630.61 128.41 13782.82 1.5% Bullish BLUE .15 .126 .276 --------------------------------------------------------------------------------------------- SPY 436.51 1.57 442.6 -7.6% Bullish BLUE .134 .058 .192 --------------------------------------------------------------------------------------------- QQQ 366.17 4.27 370.26 3.7% Bullish BLUE .122 .152 .274 --------------------------------------------------------------------------------------------- MDY 464.07 -2.45 474.23 -59.1% Bullish RED .172 .01 .182 --------------------------------------------------------------------------------------------- IWM 183.33 -1.37 187.44 -69.4% Bullish RED .17 .028 .198 --------------------------------------------------------------------------------------------- FAS 59.29 -1.43 63.46 -153.2% Bullish RED .131 .006 .137 --------------------------------------------------------------------------------------------- RETL 6.6 .03 7.01 -74.5% Bullish BLUE .195 -.12 .075 --------------------------------------------------------------------------------------------- SOXL 23.1 .32 25.95 -706.5% Bullish BLUE .049 .418 .467 --------------------------------------------------------------------------------------------- TECL 51.27 1.28 54.9 -150.8% Bullish BLUE .082 .475 .557 --------------------------------------------------------------------------------------------- IBB 129.85 .03 131.81 -17.2% Bullish BLUE .121 -.014 .107 --------------------------------------------------------------------------------------------- GLD 177.71 -1.78 181.91 -81.1% Bearish RED -.163 -.053 -.216 --------------------------------------------------------------------------------------------- DBO 13.89 -.5 14.07 56.7% ------- RED -.027 -.102 -.129 --------------------------------------------------------------------------------------------- OIH 270.54 -5.08 278.45 -49.4% ------- RED .04 -.062 -.022 --------------------------------------------------------------------------------------------- CPER 24 .03 23.97 64.9% ------- RED -.091 -.035 -.126 --------------------------------------------------------------------------------------------- TAN 68.93 -.71 73.2 -188% ------- RED -.055 -.097 -.152 --------------------------------------------------------------------------------------------- UUP 28.2 .1 28.1 -10.7% Bearish ---- .046 .007 .053 --------------------------------------------------------------------------------------------- CORN 26.81 -.39 25.06 510.2% Bullish BLUE .399 .069 .468 --------------------------------------------------------------------------------------------- WEAT 7.33 .03 6.65 718.1% Bullish BLUE .343 .063 .406 --------------------------------------------------------------------------------------------- YINN 35.5 -.31 42.78 -596.4% ------- BLUE -.092 -.234 -.326 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/22/23 Bullish = 29 Bearish = 20 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .888 .944 .944 .944 .944 .944 COPPER .857 .714 .714 .857 .857 .714 TRANSP .842 .789 .842 .842 .842 .842 AUTO .773 .773 .773 .811 .811 .773 JETS .769 .846 .846 .846 .846 .769 NASD-100 .74 .68 .75 .79 .81 .75 SEMI .734 .723 .765 .829 .819 .829 NIFTY .727 .75 .818 .863 .84 .84 BEVERAGE .714 .571 .571 .714 .714 .642 SOFTWARE .714 .678 .696 .696 .678 .678 HIGHPRIC .705 .709 .727 .757 .761 .705 HOSPITAL .692 .692 .692 .769 .769 .692 ELECTRON .684 .699 .729 .781 .781 .789 INDEXES .664 .718 .718 .74 .74 .67 COMPUTER .65 .65 .7 .7 .75 .7 GUNS .642 .642 .642 .642 .714 .714 INFRA .636 .666 .696 .727 .787 .757 RETAIL .586 .608 .586 .608 .608 .608 RUS-1000 .583 .62 .634 .688 .687 .643 FIDSTKS .573 .609 .656 .692 .692 .65 SP500 .572 .616 .622 .683 .677 .609 HACKERS .562 .5 .625 .687 .625 .625 GREEN .555 .555 .611 .722 .722 .666 EAT .547 .642 .666 .714 .714 .69 DOWJONES .533 .5 .6 .666 .633 .533 SP-100 .533 .566 .6 .677 .655 .566 REIT .516 .639 .688 .745 .721 .729 ETFS .509 .545 .6 .818 .8 .672 BIOTECH .504 .507 .542 .534 .532 .509 ============================================================================================== MILITARY .5 .692 .615 .615 .576 .538 ============================================================================================== FINANCE .487 .65 .637 .762 .775 .737 INSURANC .48 .48 .44 .48 .44 .36 GAMING .473 .526 .684 .631 .631 .631 FOOD .469 .53 .489 .551 .489 .408 DJI-13 .461 .538 .692 .692 .692 .615 COMODITY .435 .512 .461 .538 .461 .333 INDMATER .43 .486 .472 .569 .611 .527 BIGBANKS .428 .714 .857 .857 .857 .857 MARIJUAN .4 .2 .2 .3 .3 .2 CHEM .395 .465 .488 .674 .72 .581 LOWPRICE .389 .406 .404 .426 .401 .381 UTILITY .358 .435 .41 .487 .461 .358 COAL .333 .333 .333 .333 .333 .166 OILGAS .329 .443 .422 .525 .556 .432 CHINA .318 .318 .34 .5 .522 .431 REGBANKS .309 .452 .571 .69 .69 .595 SOLAR .187 .25 .312 .5 .562 .375 EDU .166 .166 .166 .166 .166 .166 BONDFUND .149 .229 .195 .206 .264 .183 GOLD .111 .111 .088 .155 .155 .111 |
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Thursday - 5:45 AM - 6/22/2023 DJI Futures - 86 NASDAQ Futures - 41 Data
Used - 6/21/2023
6/21/2023
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"Somewhere a new trend is just beginnng". This was on a sign in a sommodities' brokerage in Albuquerque I visited in 1981. I still remember it. A corollary might have been added. "Somewhere, too, an old trend is ending". We are seeing the start of uptrends in corn, soybeans and wheat as a new aridity and heat-wave cause havoc to farmers in Texas and Oklahoma, and very likely farther north very soon this Summer. Buy them. Crude Oil (UCO) has just seen its downtrends in Closing Power and Relative Strength be broken. So Fed Chairman Powell may be correct that Inflation is a long way from being conquered, not that the FED can control food and fuel prices very well, short of causing a severe Recession. .. His hawkishness (two more rate hikes this year, he told Congress) is not without mounting opposition within the FOMC. The less conservative Boston Fed wants a longer pause, as does the Atlanta FED, which has always represented a lot more farmers who seem always to be asked to suffer moreespecially each time the FED raises rates. If the drought spreads, farmers will need assistance, not higher rates. The truth is there is very little evidence in history that the NY-Washington FED-axis ever listens to hard-pressed farmers. Remember the corollary, stock price up-trends often come to an end when commodity prices rise. It looks like the uptrends in certain semi- conudtor makers like AMD and AMAT, may be ending. A Fed-induced recession would hit them much harder than artifcial ntelligence leaders, NVDA or MSFT, whose Closing Powers and Relative Strength Lines are still rising. But even GOOG now seems vulnerable. Watch Table 3. to see if the number of stocks groups with a majority of the components above the key 65-dma falls below 50%. So, far we are safely in bullish territory. And watch the Retailers and Regional Banks. They are exoected to be the weakest groups again if Powell keeps his promise of more rate hikes. The 34200-34300 resistance represents the top of the price channel. 33000-33200 is where the parallel support line crosses along with the 200-day ma. DIA's Closing Power is now falling, though the A/D Line seems to be holding up well. There are now enough weak-looking bearish MINCPs to do some hedging with. It is not clear that the flat 21-day ma in the DJI will be able to hold up the market. Trading range dynamics call for a 1000 point decline in the DJI. So, hedging again seems approriate. What can we make of the strength in NAIL, the ETF for home- builders, other than that there is a huge shortage of affordable housing which the home-builders can surely profit from. The builders realize, what the FED does not, namely that high interest rates just make the housing shortage worse and drives up rents mercilessly. |
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6/21/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90621.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-21-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-21-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/21/2023 --- Bullish = 4 SOXL (+.430), TECL (+.448), CORN (.541), WEAT (.372) Bearish = 1 YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.43 -1.03 340.42 -46.6% Bullish RED .133 0 ===== --------------------------------------------------------------------------------------------- COMPQX 13502.2 -165.09 13626.48 -26% Bullish RED .12 .107 .227 --------------------------------------------------------------------------------------------- SPY 434.94 -2.24 437.18 -19.6% Bullish RED .097 .052 .149 --------------------------------------------------------------------------------------------- QQQ 361.9 -5 365.9 -18.5% Bullish RED .09 .128 .218 --------------------------------------------------------------------------------------------- MDY 466.52 -.54 469.62 -62.8% Bullish BLUE .178 .022 .2 --------------------------------------------------------------------------------------------- IWM 184.7 -.43 185.91 -86.6% Bullish BLUE .19 .041 .231 --------------------------------------------------------------------------------------------- FAS 60.72 -.99 61.19 -92.4% Bullish BLUE .183 .055 .238 --------------------------------------------------------------------------------------------- RETL 6.57 -.01 6.7 -287.4% Bullish BLUE .188 -.084 .104 --------------------------------------------------------------------------------------------- SOXL 22.78 -1.87 26.64 -542.8% Bullish RED .05 .38 .43 --------------------------------------------------------------------------------------------- TECL 49.99 -2.39 52.86 -125.5% Bullish RED .054 .394 .448 --------------------------------------------------------------------------------------------- IBB 129.82 -.56 130.3 -58.4% Bullish ---- .116 -.014 .102 --------------------------------------------------------------------------------------------- GLD 179.49 -.26 180.64 -29% Bearish BLUE -.128 -.041 -.169 --------------------------------------------------------------------------------------------- DBO 14.39 .24 13.73 218% ------- BLUE .006 -.059 -.053 --------------------------------------------------------------------------------------------- OIH 275.62 3.52 273.26 4.9% Bullish BLUE .065 -.033 .032 --------------------------------------------------------------------------------------------- CPER 23.97 .02 23.69 86.1% Bullish BLUE -.09 -.028 -.118 --------------------------------------------------------------------------------------------- TAN 69.64 -.86 71.62 -185.2% Bullish RED -.046 -.084 -.13 --------------------------------------------------------------------------------------------- UUP 28.1 -.13 28.26 -53.1% Bearish RED .034 -.003 .031 --------------------------------------------------------------------------------------------- CORN 27.2 1.23 24.19 604.4% Bullish BLUE .467 .074 .541 --------------------------------------------------------------------------------------------- WEAT 7.3 .34 6.35 654.1% Bullish BLUE .332 .04 .372 --------------------------------------------------------------------------------------------- YINN 35.81 -.84 40.21 -360.6% ------- ---- -.133 -.224 -.357 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/21/23 Bullish = 34 Bearish = 14 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .944 .944 JETS .846 .846 .846 .846 .769 .769 --------------------------------------------------------------------------------------------------- TRANSP .789 .842 .842 .842 .842 .789 AUTO .773 .792 .811 .811 .773 .754 NIFTY .75 .818 .863 .84 .84 .818 SEMI .723 .765 .829 .819 .819 .829 INDEXES .718 .718 .74 .74 .681 .713 BIGBANKS .714 .857 .857 .857 .857 .857 COPPER .714 .714 .857 .857 .714 .571 HIGHPRIC .709 .727 .757 .761 .709 .744 ELECTRON .699 .729 .781 .781 .781 .812 HOSPITAL .692 .692 .769 .769 .692 .769 MILITARY .692 .615 .615 .576 .538 .615 NASD-100 .68 .75 .79 .81 .74 .74 SOFTWARE .678 .714 .696 .678 .678 .678 INFRA .666 .696 .727 .787 .727 .757 COMPUTER .65 .7 .7 .75 .7 .8 FINANCE .65 .637 .762 .762 .737 .775 EAT .642 .666 .714 .714 .69 .714 GUNS .642 .642 .642 .714 .714 .714 REIT .639 .68 .754 .729 .721 .729 RUS-1000 .62 .634 .688 .687 .642 .674 SP500 .616 .622 .685 .673 .616 .638 FIDSTKS .609 .656 .692 .692 .65 .68 RETAIL .608 .586 .608 .608 .608 .695 BEVERAGE .571 .571 .714 .714 .642 .642 SP-100 .566 .6 .677 .655 .566 .655 GREEN .555 .611 .722 .722 .666 .666 ETFS .545 .6 .818 .8 .709 .581 DJI-13 .538 .692 .692 .692 .615 .769 FOOD .53 .51 .53 .489 .408 .428 GAMING .526 .684 .578 .684 .631 .684 COMODITY .512 .487 .512 .461 .333 .358 BIOTECH .504 .539 .537 .532 .512 .579 ============================================================================================== DOWJONES .5 .6 .666 .633 .533 .666 HACKERS .5 .625 .687 .625 .625 .625 ============================================================================================== INDMATER .486 .472 .569 .611 .527 .583 INSURANC .48 .44 .48 .44 .36 .52 CHEM .465 .488 .674 .72 .581 .674 REGBANKS .452 .571 .69 .69 .595 .666 OILGAS .443 .422 .525 .556 .432 .494 UTILITY .435 .41 .487 .461 .384 .41 LOWPRICE .406 .406 .429 .404 .381 .406 COAL .333 .333 .333 .333 .166 .166 CHINA .318 .34 .5 .522 .431 .318 SOLAR .25 .312 .5 .562 .375 .437 BONDFUND .229 .183 .206 .275 .195 .206 MARIJUAN .2 .2 .3 .3 .2 .3 EDU .166 .166 .166 .166 .166 .333 GOLD .111 .088 .155 .155 .133 .111 |
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Wednesday - 5:51 AM - 6/21/2023 DJI Futures -73 NASDAQ Fulures -49 Data Used - 6/20/2023
6/20/2023
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The FED may control the DJI, as well as most bonds and dividend paying stocks on the NYSE along with likes of Goldman Sachs and many home-builders, but it clearly has little control over the leading tech stocks like NVDA and now TSLA along with many semi-conductors. The artificial revolution will take place whatever the FED does or does not do. This is why the NASDAQ, QQQ, TECL and even SPY give way very grudgingly now that the DJI seems to be retreating back to its rising 21-dma after the recent new DJI new highs were not confirmed by the P-I and NY A/D Line. The breadth non-confirmations are typical of what happens when the NYSE is fearful of FED tightening. And Fed Chairman Powell is obliged periodically by Wall Street to suppress Labor aggressiveness and by bond-buyers now to vigorously fight inflation. So, expect Powell's hawkish pronouncements this week to reflect thesem forces. This will likely have the most negative impact on regional banks and some beaten-down retailers. Higher interest rates will trouble the regional banks because their real balance sheets will, as a result, drop further under water. Powell will do this, as he periodically has for the last 24 months, because he is confident that he can quickly reverse the tone of his hawkishness and send the same markets right back up. This he can do as long as the Jobs numbers remain strong and the rate of Inflation, though high, keeps coming down. And this he can do so" long as he is not challenged for actually causing inflation in rents. And for so long as the Presidency and the House of Representatives do not agree on a national economic policy and the FED can make the case for its being the effective controllers of the national economy. All this gives us a two-tier market. We have rising technology stocks and also again weakening dividend-paying stocks. Nothing seems on the horizon to this or revitalize the artificial intelligence revolution. And nothing is present now to change the FED's "stop and go" approach to the rest of the economy. Thus, I conclude that we should confidently play long the tech stocks among the bullish MAXCPs and short some of the weakest bearish MINCPs that look vulnerable when higher interest rates seem to be settling in to stifle any resurgence of consumer buying power at present. |
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6/20/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90620.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-20-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-20-2023/BEARISH.htm |
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Table 2 QUICKSILVER on ETFS - 6/20/2023 --- Bullish = 5 COMPQX, FAS, SOXL (+.651), TECL (+.546), CORN Bearish = 1 YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 340.46 -2.49 342.62 -10.4% Bullish RED .125 0 .125 --------------------------------------------------------------------------------------------- COMPQX 13667.29 -22.28 13573.32 75.4% Bullish BLUE .138 .114 .252 --------------------------------------------------------------------------------------------- SPY 437.18 -2.28 436.66 38.6% Bullish RED .104 .052 .156 --------------------------------------------------------------------------------------------- QQQ 366.9 -1.03 363.26 87.7% Bullish BLUE .107 .137 .244 --------------------------------------------------------------------------------------------- MDY 467.06 -3.48 472.43 -3.9% Bullish RED .157 .029 .186 --------------------------------------------------------------------------------------------- IWM 185.13 -.81 187.93 -18% Bullish RED .167 .048 .215 --------------------------------------------------------------------------------------------- FAS 61.71 -1.33 61.87 72.5% Bullish RED .182 .074 .256 --------------------------------------------------------------------------------------------- RETL 6.58 -.1 6.96 14.7% ------- ---- .127 -.039 .088 --------------------------------------------------------------------------------------------- SOXL 24.65 -.59 25.56 9.8% Bullish RED .094 .557 .651 --------------------------------------------------------------------------------------------- TECL 52.38 -1.12 51.32 187.3% Bullish RED .094 .452 .546 --------------------------------------------------------------------------------------------- IBB 130.38 -.92 131.35 19.5% Bullish RED .122 -.022 .1 --------------------------------------------------------------------------------------------- GLD 179.75 -1.88 180.54 -58.7% Bearish RED -.123 -.053 -.176 --------------------------------------------------------------------------------------------- DBO 14.15 -.09 13.78 281.8% ------- ---- -.032 -.085 -.117 --------------------------------------------------------------------------------------------- OIH 272.1 -4.21 275.35 47.9% Bullish RED .044 -.039 .005 --------------------------------------------------------------------------------------------- CPER 23.95 .08 23.56 173.4% ------- ---- -.091 -.042 -.133 --------------------------------------------------------------------------------------------- TAN 70.5 -2.29 72.31 -71.9% Bullish RED -.042 -.06 -.102 --------------------------------------------------------------------------------------------- UUP 28.23 .08 28.4 -46% Bearish ---- .055 .001 .056 --------------------------------------------------------------------------------------------- CORN 25.97 .02 24.17 388.9% Bullish ---- .346 .033 .379 --------------------------------------------------------------------------------------------- WEAT 6.96 .1 6.43 412.7% Bullish BLUE .222 -.009 .213 --------------------------------------------------------------------------------------------- YINN 36.65 -5.35 38.7 -89.5% Bearish RED -.113 -.222 -.335 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/20/23 Bullish = 36 Bearish = 14 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .944 .944 ----- BIGBANKS .857 .857 .857 .857 .857 .857 JETS .846 .846 .846 .769 .769 .769 TRANSP .842 .842 .842 .842 .789 .789 NIFTY .818 .863 .84 .84 .818 .75 -------------------------------------------------------------------------------------------------- AUTO .792 .83 .811 .773 .754 .698 SEMI .765 .829 .819 .819 .808 .808 ----- NASD-100 .75 .79 .81 .74 .75 .71 ELECTRON .729 .781 .781 .781 .796 .781 HIGHPRIC .727 .757 .761 .709 .744 .714 INDEXES .718 .74 .74 .681 .713 .675 COPPER .714 .857 .857 .714 .571 .428 SOFTWARE .714 .714 .678 .678 .678 .625 COMPUTER .7 .7 .75 .7 .8 .75 INFRA .696 .727 .787 .727 .757 .636 DJI-13 .692 .692 .692 .615 .769 .692 HOSPITAL .692 .769 .769 .692 .769 .692 GAMING .684 .578 .631 .684 .684 .684 REIT .68 .745 .737 .729 .721 .737 EAT .666 .714 .714 .69 .714 .761 FIDSTKS .656 .692 .692 .65 .686 .633 GUNS .642 .642 .714 .714 .714 .714 FINANCE .637 .762 .762 .725 .775 .725 RUS-1000 .634 .688 .687 .642 .676 .625 HACKERS .625 .687 .625 .625 .687 .5 SP500 .622 .685 .675 .611 .644 .597 MILITARY .615 .615 .576 .538 .615 .576 GREEN .611 .722 .722 .666 .666 .666 DOWJONES .6 .666 .633 .533 .666 .566 ----- ETFS .6 .818 .8 .709 .6 .527 SP-100 .6 .677 .655 .566 .655 .6 RETAIL .586 .608 .608 .608 .673 .63 BEVERAGE .571 .714 .714 .642 .642 .642 REGBANKS .571 .69 .69 .595 .666 .571 BIOTECH .537 .534 .534 .512 .574 .542 FOOD .51 .551 .469 .408 .428 .387 ==================================================================================================== CHEM .488 .674 .72 .581 .674 .581 COMODITY .487 .538 .435 .333 .358 .333 INDMATER .472 .569 .611 .527 .583 .458 INSURANC .44 .48 .44 .36 .52 .4 OILGAS .422 .525 .556 .432 .494 .432 UTILITY .41 .487 .461 .384 .41 .41 LOWPRICE .406 .432 .406 .383 .409 .409 CHINA .34 .5 .522 .431 .318 .272 COAL .333 .333 .333 .166 .166 .166 SOLAR .312 .5 .562 .375 .437 .375 MARIJUAN .2 .3 .3 .2 .3 .2 BONDFUND .183 .195 .275 .206 .218 .275 EDU .166 .166 .166 .166 .333 .166 GOLD .088 .155 .155 .133 .111 .155 |
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Tuesday - 6:10 AM - 6/20/2023 DJI Futures -110 NASDAQ Fulures -23 Data Used - 6/16/2023
6/16/2023
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The DJI has
reached its keenest resistance level, 34300, and is now pulling back. This is a good thing for the bulls because if it went any higher, we would most likely get a Peerless Sell S9v, thereby warning us that the Summer Rally must first be punctuated by a decline to the lower band. Since the key stocks leading the rally, MSFT, NVDA, AAPL and GOOD all had reversal days down, as seen by their red candle-sticks, a dhallow decline is now in the making. For a deeper decline to be predicted, we will need to have the Closing Power and Relative strength up-trends be broken. The "Big Four" remain the market leaders and their red candle-sticks by themselves warn of only a shallow decline. The DJI's three highest priced components look ready to sell off. The most heavily weighted component UNH is in a clear downtrend while GS and HD show reliable automatic red Sells. But again, the DJI is not the story. This is a market that is favoring tech stocks, especially AI stocks and semi-conductors. When we look back at how electric car technology and TSLA seized investors' immaginations not look ago, I think we can expect still higher prices from leaders NVDA and MSFT. The future of semi-conductors and artificial intelligence seems truly bullish to me. Even if the DJI drops to its lower band in a Summer storm, these two will still find lots of buyers. Stay long the NASDAQ, QQQ, TECL and the strongest tech stocks. With so many ETFs showing rising Closing Powers in Table 2 and so many sectors showing the majority of their components well above their 65-dma in Table 3, any decline is apt to be shallow. There just not enough bearish MINCPs to make the market look dangerous. |
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6/16/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90616.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-16-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-16-2023/BEARISH.htm |
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Table 2 QUICKSILVER on ETFS - 6/16/2023 --- Bullish = 6 COMPQX, SPY, FAS, QQQ, SOXL (+.708), TECL (+.644) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 342.95 -1.82 341.17 53.9% Bullish RED .158 0 . --- --------------------------------------------------------------------------------------------- COMPQX 13689.57 -93.25 13461.92 158.9% Bullish RED .155 .117 .272 --------------------------------------------------------------------------------------------- SPY 439.46 -3.14 433.8 109.6% Bullish RED .135 .054 .189 --------------------------------------------------------------------------------------------- QQQ 367.93 -2.33 360.49 185% Bullish RED .139 .14 .279 --------------------------------------------------------------------------------------------- MDY 470.54 -3.69 467.43 60.6% Bullish RED .182 .028 .21 --------------------------------------------------------------------------------------------- IWM 185.94 -1.5 185.8 24.4% Bullish RED .173 .047 .22 --------------------------------------------------------------------------------------------- FAS 63.04 -.42 60.81 170.3% Bullish RED .199 .099 .298 --------------------------------------------------------------------------------------------- RETL 6.68 -.33 6.56 283.3% ------- RED .146 -.039 .107 --------------------------------------------------------------------------------------------- SOXL 25.24 -.71 24.6 567.3% Bullish RED .147 .561 .708 --------------------------------------------------------------------------------------------- TECL 53.5 -1.4 50.41 598.6% Bullish RED .145 .499 .644 --------------------------------------------------------------------------------------------- IBB 131.3 -.51 129.87 94.3% Bullish RED .149 -.01 .139 --------------------------------------------------------------------------------------------- GLD 181.63 -.28 181.88 -11.3% Bearish RED -.129 -.057 -.186 --------------------------------------------------------------------------------------------- DBO 14.24 .17 13.37 119.8% ------- BLUE -.076 -.087 -.163 --------------------------------------------------------------------------------------------- OIH 276.31 -2.14 269.47 -1.6% Bullish RED .057 -.047 .01 --------------------------------------------------------------------------------------------- CPER 23.87 -.1 23.13 125.4% ------- RED -.096 -.046 -.142 --------------------------------------------------------------------------------------------- TAN 72.79 -.41 71.54 167.1% Bullish RED -.004 -.036 -.04 --------------------------------------------------------------------------------------------- UUP 28.15 .05 28.49 -58.2% Bearish ---- .097 -.009 .088 --------------------------------------------------------------------------------------------- CORN 25.95 .89 24.05 533.8% Bullish BLUE .335 .017 .352 --------------------------------------------------------------------------------------------- WEAT 6.86 .21 6.42 372.3% Bullish BLUE .172 -.039 .133 --------------------------------------------------------------------------------------------- YINN 42 -.78 37.37 552.8% ------- RED -.073 -.079 -.152 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/16/23 Bullish = 40 Bearish = 8 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .944 .944 ------ NIFTY .863 .84 .84 .818 .75 .681 BIGBANKS .857 .857 .857 .857 .857 .857 COPPER .857 .857 .714 .571 .428 .428 JETS .846 .846 .769 .769 .769 .769 TRANSP .842 .842 .842 .789 .789 .789 AUTO .83 .83 .773 .754 .698 .66 SEMI .829 .819 .819 .808 .797 .744 ----- ETFS .818 .8 .709 .6 .545 .527 ---------------------------------------------------------------------------------------------------- NASD-100 .79 .81 .74 .75 .71 .67 ELECTRON .781 .781 .781 .796 .774 .721 HOSPITAL .769 .769 .692 .769 .769 .769 FINANCE .762 .762 .725 .762 .737 .725 HIGHPRIC .757 .761 .709 .744 .722 .688 REIT .745 .729 .737 .729 .729 .713 INDEXES .74 .74 .681 .713 .681 .697 INFRA .727 .787 .727 .757 .636 .575 GREEN .722 .722 .666 .666 .666 .611 BEVERAGE .714 .714 .642 .642 .642 .642 EAT .714 .714 .69 .714 .761 .642 SOFTWARE .714 .696 .678 .678 .625 .66 COMPUTER .7 .75 .7 .8 .75 .75 DJI-13 .692 .692 .615 .769 .692 .769 FIDSTKS .692 .692 .65 .686 .633 .621 REGBANKS .69 .69 .595 .666 .547 .619 RUS-1000 .688 .687 .642 .676 .625 .611 HACKERS .687 .625 .625 .687 .5 .562 SP500 .685 .675 .613 .64 .599 .591 SP-100 .677 .655 .566 .655 .6 .555 CHEM .674 .72 .581 .674 .581 .558 DOWJONES .666 .633 .533 .666 .566 .6 ----- GUNS .642 .714 .714 .714 .714 .714 MILITARY .615 .576 .538 .615 .576 .653 RETAIL .608 .608 .608 .673 .63 .565 GAMING .578 .631 .631 .736 .684 .631 INDMATER .569 .611 .527 .583 .458 .458 FOOD .551 .489 .387 .428 .408 .408 COMODITY .538 .461 .307 .358 .358 .358 BIOTECH .532 .532 .514 .574 .544 .507 OILGAS .525 .556 .432 .494 .422 .494 =============================================================================================== CHINA .5 .522 .431 .318 .25 .25 SOLAR .5 .562 .375 .437 .375 .25 =============================================================================================== UTILITY .487 .461 .384 .41 .435 .512 INSURANC .48 .44 .36 .52 .36 .56 LOWPRICE .432 .409 .386 .412 .404 .392 COAL .333 .333 .166 .166 .166 .333 MARIJUAN .3 .3 .2 .3 .2 .2 BONDFUND .195 .264 .206 .229 .287 .241 EDU .166 .166 .166 .333 .166 .333 GOLD .155 .155 .133 .111 .155 .177 |
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Friday - 6:03 AM - 6/16/2023 DJI Futures +43 NASDAQ Fulures +58 Data Used - 6/15/2023
6/15/2023
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More and more the DJI looks like it wanted
to complete a very bullish in inverted head and shoulders pattern. Thursday's advance certainly makes that a likely scenario. When the DJI does something very unexpected, we need to take note. Thursday's rally not only shrugged of Powell's threat of two more rate hikes, it also did not heed the breadth divergences of the new high. What's up? A rally is typical of trading before a a three day weekend. Monday commemorates the Emancipation millions of American slaves. But can the DJI rally make a breakout to a new yearly high. Only three of the thirty Dow Jones Industrial's stocks are making new highs, AAPL, MSFT and WMT? Moreover, its most heavily weighted component, UNH, is in an ugly downtrend. A breakout by the DJI would certainly boost public bullishness for the market as a whole. But we we are not trading it, at this point. Instead, we are short some of the bearish MINCPs, which could not even rally Thursday and we are long a numer of the most powerful tech stocks and ETFs. MSFT, AAPL and NVDA have been bullish- looking for weeks. Their rising Closing Power and Relative Strength have been our technical markers to buy and hold them. Semi-conductors and Housing stocks are the leading sectors. So, they should just be held, too. Look at the bearish MINCPs. See how the shorts on the DJI, the SP-500 and the QQQ have all the hallmarks of weakness we look for in stocks to sell short: very heavy red distribution and falling Closing Power and Relative Strength Lines. There is one difference among them. The shorts on the ETFs for QQQ and SPY are making new lows. Let me point out the chart of SNOW, which is shown below. The 5-day Stochastic has until recently traded it amazingly well. For the last year, its red optimized system's signals have gained about 1000%. In theory $10,000 would have become $100,000 even allowing for commissions and slippage. But now it is on a Sell and the stock is soaring. This action demonstrates how an optimized system starts to fail when the stock changes its trading pattern. In this case, the tight trading range is breaking down. It's behavior also shows that it is often better to trade such a stock mainly in a way that is consistent with its internal strength readings, which here have become quite bullish. Have a great Day of Emancipation. I'll be busy working on the VBNet Software so that we can screen all stocks in one pass, not just 500 or 1000. That should be done in a week or two. I look forward to be able to share the results here. , |
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6/15/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90615.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-15-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-15-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/15/23 Bullish = 40 Bearish = 10 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .944 .944 ===== BIGBANKS .857 .857 .857 .857 .857 .857 COPPER .857 .714 .571 .428 .428 .428 JETS .846 .769 .769 .769 .769 .769 TRANSP .842 .842 .789 .789 .789 .736 NIFTY .84 .84 .818 .75 .681 .659 AUTO .83 .792 .754 .698 .66 .698 SEMI .819 .819 .808 .797 .734 .776 ===== NASD-100 .81 .74 .75 .71 .67 .67 ===== ETFS .8 .709 .6 .545 .545 .563 INFRA .787 .727 .757 .636 .575 .636 ELECTRON .781 .781 .796 .774 .714 .729 HOSPITAL .769 .692 .769 .769 .769 .769 FINANCE .762 .725 .762 .725 .712 .775 HIGHPRIC .761 .709 .744 .722 .688 .718 COMPUTER .75 .7 .8 .75 .75 .75 INDEXES .74 .681 .713 .681 .691 .697 REIT .729 .729 .737 .737 .704 .745 GREEN .722 .666 .666 .666 .611 .611 CHEM .72 .581 .674 .581 .558 .651 BEVERAGE .714 .642 .642 .642 .642 .642 EAT .714 .69 .714 .761 .642 .738 GUNS .714 .714 .714 .714 .714 .714 SOFTWARE .696 .696 .678 .625 .66 .678 DJI-13 .692 .615 .769 .692 .769 .692 FIDSTKS .692 .65 .686 .633 .627 .585 REGBANKS .69 .595 .666 .547 .595 .69 RUS-1000 .687 .642 .676 .625 .611 .627 SP500 .675 .613 .642 .595 .597 .589 SP-100 .655 .566 .655 .6 .555 .544 DOWJONES .633 .533 .666 .566 .6 .566 ---- GAMING .631 .631 .684 .736 .631 .578 HACKERS .625 .625 .687 .5 .562 .5 INDMATER .611 .527 .583 .458 .458 .513 RETAIL .608 .608 .673 .63 .565 .586 MILITARY .576 .538 .615 .576 .653 .653 SOLAR .562 .375 .437 .375 .25 .312 OILGAS .556 .432 .494 .422 .494 .546 BIOTECH .528 .511 .576 .543 .511 .546 CHINA .522 .431 .318 .25 .25 .295 ================================================================================================= FOOD .489 .408 .408 .408 .428 .428 COMODITY .461 .333 .333 .358 .384 .384 UTILITY .461 .384 .41 .435 .538 .564 INSURANC .44 .36 .52 .36 .56 .56 LOWPRICE .409 .389 .415 .406 .383 .406 COAL .333 .166 .166 .166 .333 .166 MARIJUAN .3 .2 .3 .2 .2 .2 BONDFUND .264 .195 .229 .298 .252 .229 EDU .166 .166 .333 .166 .333 .333 GOLD .155 .133 .111 .155 .2 .2 |
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Table 2
QUICKSILVER on ETFS - 6/15/2023 ---Bullish = 8 COMPQX, SPY, IWM, MDY, FAS, QQQ, SOXL (+.726), TECL (+.698) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 344.77 4.35 339.27 87.5% Bullish BLUE .259 0 --- --------------------------------------------------------------------------------------------- COMPQX 13782.82 156.34 13259.14 202.6% Bullish BLUE .254 .104 .358 +++ --------------------------------------------------------------------------------------------- SPY 442.6 5.42 429.9 155.4% Bullish BLUE .225 .051 .276 +++ --------------------------------------------------------------------------------------------- QQQ 370.26 4.36 354.5 238% Bullish BLUE .228 .128 .356 +++ --------------------------------------------------------------------------------------------- MDY 474.23 4.61 464.85 69.1% Bullish BLUE .256 .02 .276 +++ --------------------------------------------------------------------------------------------- IWM 187.44 1.53 185.03 24.2% Bullish BLUE .25 .037 .287 +++ --------------------------------------------------------------------------------------------- FAS 63.46 2.27 60.94 208.5% Bullish BLUE .264 .096 .36 +++ --------------------------------------------------------------------------------------------- RETL 7.01 .31 6.3 294.2% Bullish BLUE .197 -.066 .131 --------------------------------------------------------------------------------------------- SOXL 25.95 -.69 22.4 755.3% Bullish BLUE .213 .513 .726 +++ --------------------------------------------------------------------------------------------- TECL 54.9 2.04 47.35 825.5% Bullish BLUE .222 .476 .698 +++ --------------------------------------------------------------------------------------------- IBB 131.81 1.51 128.84 107% Bullish BLUE .25 -.01 .24 --------------------------------------------------------------------------------------------- GLD 181.91 1.27 182.04 -17.1% Bearish BLUE -.062 -.065 -.127 --------------------------------------------------------------------------------------------- DBO 14.07 .34 13.91 25.4% ------- BLUE -.069 -.106 -.175 --------------------------------------------------------------------------------------------- OIH 278.45 5.19 276.4 4.7% Bullish BLUE .105 -.052 .053 --------------------------------------------------------------------------------------------- CPER 23.97 .28 23.28 143.2% Bullish BLUE -.028 -.046 -.074 --------------------------------------------------------------------------------------------- TAN 73.2 1.58 70.39 166.8% Bullish BLUE .05 -.067 -.017 --------------------------------------------------------------------------------------------- UUP 28.1 -.16 28.48 -51% Bearish RED .075 -.016 .059 --------------------------------------------------------------------------------------------- CORN 25.06 .87 23.37 320.6% Bullish BLUE .229 -.028 .201 --------------------------------------------------------------------------------------------- WEAT 6.65 .3 6.38 227% ------- BLUE .145 -.089 .056 --------------------------------------------------------------------------------------------- YINN 42.78 2.57 37.65 672.1% ------- BLUE -.021 -.106 -.127 |
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Thursday - 6:09 AM - 6/15/2023 DJI Futures - 38 NASDAQ Fulures -71 Data Used - 6/14/2023
6/14/2023
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It was Powell in a "hawk's" costume that spoke today as the FED announced a temporary pause in their rate hikes. He might have said about future rate hikes, "We must weight and see the numbers and then decide." Instead he proudly backed two more rate hikes. He cherry picked the CPI numbers. Instead of remarking on the month-to-month change, which was miniscule except for rents, he focused on the 6-month rate of change in the CPI. In disregarding the clearly downward trend of the CPI numbers to 4% on a yearly basis, he is also disregarding how his higher rates will cause both more homelessness and fewer homes to be built. Rents will go up faster because of the FED! What made him do this? Perhaps, it was the DJI being at the top of its trading range. Now he can turn dovish when the DJI drops to the lower band. Certainly, this will help the Professionals who rig the DJI's swings to Powell's mood change and to their heightened trading advantage. In the mean time, the DJI will again go nowehere fast and more and more traders will probably partake in the best game in town, buying the semi and AI leaders. Technically, we see non-confirmations of the 40-day DJI closing high from the Peerless P-Indicator, Accumulation Index and Volume Indicator. We should accord these Sell S8* status, meaning the these are significant trading range breadth non- confirmations at the 2.4% upper band. A new Peerless (XP version) showing these will be released on Sunday. The DJI's decline looks rigged. Just one stock in the DJI 30 caused the DJI to fall almost 200 points. This was our old friend UNH, the same very high priced DJI that helped prop up the DJI in the decline and send it back upwards. I doubt if a DJI manipulated decline will fool the Professionals who are trading the BIG FOUR tech stocks, MSFT, NVDA, APPL and GOOG. In any case, their Closing Powers and Relative Strength Quotient (RSQ) lines are rising very nicely. NVDA jumped almost 20 points today. The DJI decline if it unfolds on schedule in here will next see breaks in the uptrends of the NYSE A/D Line and Peerless PI. That seems most likely. Accordingly, traders should hedge with some short sales among the weakest Oils, Regional Banks as well as AA and DISH. |
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6/14/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90614.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-14-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-14-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/14/2023 --- Bullish = 4 COMPQX, QQQ, SOXL (+.673), TECL (+.594) Bearish = 0 YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 340.42 -2.2 338.81 47.8% Bullish RED .188 ---- ----- --------------------------------------------------------------------------------------------- COMPQX 13626.48 53.16 13238.52 195.7% Bullish BLUE .197 .104 .301 +++ --------------------------------------------------------------------------------------------- SPY 437.18 .52 429.13 123.3% Bullish BLUE .157 .05 .207 ------------------------------------------------------------------------------------- -------- QQQ 365.9 2.64 353.15 239.9% Bullish BLUE .19 .129 .319 +++ --------------------------------------------------------------------------------------------- MDY 469.62 -2.81 467.76 -1.8% Bullish RED .177 .012 .189 --------------------------------------------------------------------------------------------- IWM 185.91 -2.02 186.54 -35.7% Bullish RED .178 .028 .206 --------------------------------------------------------------------------------------------- FAS 61.19 -.68 60.91 9% Bullish RED .201 .041 .242 --------------------------------------------------------------------------------------------- RETL 6.7 -.26 6.62 243.8% ------- RED .143 -.125 .018 --------------------------------------------------------------------------------------------- SOXL 26.64 1.08 22.28 1073.1% Bullish BLUE .191 .482 .673 +++ --------------------------------------------------------------------------------------------- TECL 52.86 1.54 46.69 788.3% Bullish BLUE .178 .416 .594 +++ --------------------------------------------------------------------------------------------- IBB 130.3 -1.05 129.03 56.7% Bullish RED .161 -.009 .152 --------------------------------------------------------------------------------------------- GLD 180.64 .1 182.53 13.5% Bearish RED -.145 -.035 -.18 --------------------------------------------------------------------------------------------- DBO 13.73 -.05 14 -194.7% ------- RED -.119 -.11 -.229 ------------------------------------------------------------------------------------ -------- OIH 273.26 -2.09 278.19 -107.9% Bullish RED .06 -.082 -.022 --------------------------------------------------------------------------------------------- CPER 23.69 .13 23.3 120.3% ------- ---- -.111 -.057 -.168 --------------------------------------------------------------------------------------------- TAN 71.62 -.69 70.82 42.1% ------- RED -.05 -.076 -.126 --------------------------------------------------------------------------------------------- UUP 28.26 -.14 28.39 -63.2% Bearish ---- .143 .005 .148 --------------------------------------------------------------------------------------------- CORN 24.19 .02 23.53 194.3% Bullish BLUE .124 -.056 .068 --------------------------------------------------------------------------------------------- WEAT 6.35 -.08 6.36 86.4% Bearish ---- .065 -.123 -.058 --------------------------------------------------------------------------------------------- YINN 40.21 1.51 37.63 491% Bullish BLUE -.066 -.155 -.221 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/14/23 Bullish = 37 Bearish = 13 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .944 .944 === BIGBANKS .857 .857 .857 .857 .857 .857 TRANSP .842 .789 .789 .789 .736 .894 NIFTY .84 .818 .75 .681 .659 .613 SEMI .819 .808 .797 .734 .765 .744 ==== AUTO .792 .773 .698 .66 .698 .66 ELECTRON .781 .796 .774 .714 .721 .699 JETS .769 .769 .769 .769 .769 .769 NASD-100 .74 .75 .71 .67 .66 .62 REIT .729 .729 .745 .713 .737 .77 INFRA .727 .757 .636 .575 .636 .575 FINANCE .725 .762 .725 .7 .762 .775 COPPER .714 .571 .428 .428 .428 .142 GUNS .714 .714 .714 .714 .714 .714 ETFS .709 .6 .545 .545 .563 .454 HIGHPRIC .709 .744 .722 .688 .722 .692 COMPUTER .7 .8 .75 .75 .75 .75 SOFTWARE .696 .696 .625 .66 .66 .66 HOSPITAL .692 .769 .769 .769 .769 .846 EAT .69 .714 .761 .642 .738 .714 INDEXES .681 .713 .681 .691 .697 .654 GREEN .666 .666 .666 .611 .611 .666 FIDSTKS .65 .686 .633 .627 .585 .568 BEVERAGE .642 .642 .642 .642 .642 .642 RUS-1000 .642 .676 .625 .611 .625 .637 GAMING .631 .684 .684 .684 .578 .631 HACKERS .625 .687 .5 .562 .5 .562 DJI-13 .615 .769 .692 .769 .692 .538 SP500 .613 .642 .597 .593 .591 .583 RETAIL .608 .673 .63 .565 .586 .543 REGBANKS .595 .666 .547 .595 .666 .69 CHEM .581 .674 .581 .558 .651 .744 SP-100 .566 .655 .6 .555 .544 .511 MILITARY .538 .615 .576 .653 .653 .615 DOWJONES .533 .666 .566 .6 .566 .533 INDMATER .527 .583 .458 .458 .513 .513 BIOTECH .509 .574 .547 .512 .547 .542 ================================================================================================= OILGAS .432 .494 .422 .494 .536 .515 CHINA .431 .318 .25 .25 .295 .272 FOOD .408 .428 .387 .428 .428 .346 LOWPRICE .389 .418 .409 .386 .401 .389 UTILITY .384 .41 .435 .538 .564 .487 SOLAR .375 .437 .375 .25 .312 .375 INSURANC .36 .52 .36 .56 .56 .6 COMODITY .333 .358 .333 .384 .384 .282 MARIJUAN .2 .3 .2 .2 .2 .2 BONDFUND .195 .218 .298 .264 .275 .137 COAL .166 .166 .166 .333 .166 .333 EDU .166 .333 .166 .333 .333 .333 GOLD .133 .111 .155 .2 .222 .133 |
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Wednesday - 6:05 AM - 6/14/2023 DJI Futures -78 NASDAQ Fulures
+10 Data Used - 6/13/2023
6/13/2023
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The FED
will decide today whether to keep rates at 5%-5 1.4% or move them up to 5 1.2%. If they raise rates, then I would think that the DJI will pull back again from 34000, but probably not very far or for very long. The DJI has reached a point 2.4% over the 21-day ma with the V-Indicator just barely positive and with the A/D Line, P-I, IP21 and V-I all below what it was on its previous 35-day high. Presently, we have no Peerless Sell, but the non-confirmations and overhead resistance do invite a pullback, even without the FED having a say in the matter. But the DJI is not so important anymore. Tech stocks are already taking off like it is a new bull market and the FED has already started to ease off the brakes to the economy. Tech leadersip like this is exactly what we would expect to see if a new bull market had just started or was about to begin. So, perhaps, the FED will pause this month, the CPI will drop to a 3% annual rate next month or so and there will not be another rate hike. Then next month the DJI could complete its inverted head shoulders pattern and atack 35,000. Look ahead. With the Jobs numbers so good, the economy will also stay strong, but without dangerous inflation, except in rents. And even here, there are limits to high how rents can go. Renters have to be able to afford to pay them. The Housing stocks are going up strongly now because of the lack of affordable housing shortage. The demand for housing remains very high and now long-term mortgage rates may start declining. Such is only part of the bulls' case now.. Crude oil's downtrend will not quickly turn up. See the trend in UCO below. This is the most important part of the inflation equation. While the stage is set for the FED to ease up. It probably won't drop rates anytime soon. The hawks on the FOMC do not want to give up their battle with inflation. They want much higher unemployment. Labor must be periodcially tamed in this way, they think but do not say. So, don't look for rate reductions. There is no need now to pump up the market. As long as the Closing Power and Relative Strength lines for QQQ, TECL and SOXL are still rising, hold tightly them and our bullish MAXCPs. In this environment, the tech stocks, especially semi-conductors, are a natural focus for performance-mined investors. Nearly everything but food and clothes now uses semi-conductors. And I suspect soon they will sell shoes that will tell you how far you have walked each day. |
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6/13/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90613.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-13-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-13-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/13/2023 --- Bullish = 4 COMPQX, FAS, SOXL (+.548), TECL (+.491) Bearish = 1 YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 342.62 1.45 337.17 95.3% Bullish BLUE .204 0 .204 --------------------------------------------------------------------------------------------- COMPQX 13573.32 111.4 13104.9 111.9% Bullish BLUE .192 .081 .273 +++ --------------------------------------------------------------------------------------------- SPY 436.66 2.86 426.55 100.5% Bullish BLUE .166 .037 .203 --------------------------------------------------------------------------------------------- QQQ 363.26 2.77 348.82 118.8% Bullish RED .165 .102 .267 +++ --------------------------------------------------------------------------------------------- MDY 472.43 5 469.79 102.7% Bullish BLUE .212 .001 .213 --------------------------------------------------------------------------------------------- IWM 187.93 2.13 187.24 97.4% Bullish BLUE .215 .023 .238 --------------------------------------------------------------------------------------------- FAS 61.87 1.06 61.08 117.5% Bullish BLUE .259 .043 .302 +++ --------------------------------------------------------------------------------------------- RETL 6.96 .4 6.38 737.1% ------- BLUE .179 -.087 .092 --------------------------------------------------------------------------------------------- SOXL 25.56 .96 21.64 850% Bullish RED .181 .367 .548 +++ --------------------------------------------------------------------------------------------- TECL 51.32 .91 45.26 413.3% Bullish RED .141 .35 .491 +++ --------------------------------------------------------------------------------------------- IBB 131.35 1.48 128.83 87.9% Bullish BLUE .212 -.013 .199 --------------------------------------------------------------------------------------------- GLD 180.54 -1.34 180.15 -49.5% Bearish RED -.147 -.045 -.192 --------------------------------------------------------------------------------------------- DBO 13.78 .41 14.27 -104.1% ------- ---- -.085 -.084 -.169 --------------------------------------------------------------------------------------------- OIH 275.35 5.88 279.21 78% Bullish BLUE .065 -.036 .029 --------------------------------------------------------------------------------------------- CPER 23.56 .43 23.13 84% ------- ---- -.105 -.085 -.19 --------------------------------------------------------------------------------------------- TAN 72.31 .77 71.02 75.3% ------- BLUE -.031 -.099 -.13 --------------------------------------------------------------------------------------------- UUP 28.4 -.09 28.62 -36.8% Bearish ---- .241 -.011 .23 --------------------------------------------------------------------------------------------- CORN 24.17 .12 23.27 93.3% ------- RED .131 -.072 .059 --------------------------------------------------------------------------------------------- WEAT 6.43 .01 6.24 47.2% Bearish ---- .119 -.119 0 --------------------------------------------------------------------------------------------- YINN 38.7 1.33 36.52 129.7% ------- ---- -.037 -.215 -.252 --- |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/13/23 Bullish = 38 Bearish = 12 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .944 .944 BIGBANKS .857 .857 .857 .857 .857 .571 NIFTY .818 .75 .681 .659 .59 .681 SEMI .808 .797 .734 .765 .734 .723 COMPUTER .8 .75 .75 .75 .75 .75 ELECTRON .796 .774 .714 .721 .691 .661 TRANSP .789 .789 .789 .736 .894 .684 AUTO .773 .716 .66 .698 .66 .641 DJI-13 .769 .692 .769 .692 .538 .538 HOSPITAL .769 .769 .769 .769 .846 .692 JETS .769 .769 .769 .769 .769 .769 FINANCE .762 .725 .7 .75 .75 .687 INFRA .757 .636 .575 .636 .575 .515 NASD-100 .75 .71 .67 .66 .63 .68 HIGHPRIC .744 .722 .688 .722 .688 .692 REIT .729 .737 .721 .745 .754 .631 EAT .714 .761 .642 .738 .714 .714 GUNS .714 .714 .714 .714 .714 .714 INDEXES .713 .681 .691 .697 .654 .621 SOFTWARE .696 .642 .66 .66 .642 .714 HACKERS .687 .5 .562 .5 .5 .562 FIDSTKS .686 .633 .627 .585 .579 .532 GAMING .684 .684 .631 .631 .631 .631 RUS-1000 .676 .625 .611 .625 .635 .577 CHEM .674 .581 .558 .651 .744 .558 RETAIL .673 .63 .565 .586 .543 .5 DOWJONES .666 .566 .6 .566 .533 .533 ++++++ GREEN .666 .666 .611 .611 .666 .666 REGBANKS .666 .547 .595 .666 .666 .476 SP-100 .655 .6 .555 .544 .522 .455 BEVERAGE .642 .642 .642 .642 .642 .642 SP500 .642 .597 .595 .587 .589 .525 MILITARY .615 .576 .653 .653 .615 .461 ETFS .6 .545 .545 .563 .472 .581 INDMATER .583 .458 .458 .513 .541 .472 BIOTECH .572 .544 .514 .547 .544 .557 COPPER .571 .428 .428 .428 .142 .142 INSURANC .52 .36 .56 .56 .6 .52 ============================================================================================== OILGAS .494 .422 .494 .536 .505 .371 SOLAR .437 .375 .25 .312 .375 .375 FOOD .428 .408 .408 .428 .346 .367 LOWPRICE .418 .412 .389 .404 .386 .383 UTILITY .41 .435 .538 .564 .512 .282 COMODITY .358 .358 .358 .384 .282 .307 EDU .333 .166 .333 .333 .333 .166 CHINA .318 .25 .25 .295 .227 .272 MARIJUAN .3 .2 .2 .2 .2 .2 BONDFUND .218 .287 .264 .287 .16 .149 COAL .166 .166 .333 .166 .333 .166 GOLD .111 .155 .2 .222 .177 .222 |
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Tuesday - 6:05 AM - 6/13/2023 DJI Futures +59 NASDAQ Fulures +102 Data Used - 612/2023
6/12/2023
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The DJI has almost reached
34250 where there should be keen resistance. The DJI closed 2.1% over its 21-day ma with the V-I negative and the A/D Line both lagging. Breadth was just barely positive. A Sell S9-v is a possibility if the V-Indicator stays negative but that may have more bearing on the blue chips. .This is mostly a rally led by and in tech stocks and semi-conductors. As long the Closing Power and Relative Strength lines for the NASDAQ, QQQ, TECL and SOXL keep rising, they should just be held and allowed to run, along with the Big Four (MSFT, NVDA, GOOG and AAPL) and all our Bullish MAXCPs. Remember our advocacy for buying the first out of the gate in a new bull market. The concentrated buying in these stocks is occurring because the artificial intelligence revolution could be spectular. Keep in mind what I said about how the tech stocks of the day in early 1967 ran wildly up when the Fed reversed its tight money policy at a time of inflation. Now the new Inflation numbers are getting more and more under control. Today's month-to-month rate of inflation is miniscule and the yearly CPI change is down to 4.0%. The FED will probably delay any more rate hikes. But even if it does not, the tech stocks are getting a big influx of more speculative and growth-minded investing. See how utilities, beverages and bonds are lagging. That should continue. The rate of inflation is going to continue to drop most likely. Look at the falling Crude Oil trend. Play the bullish MAXCPs and TECL long. The short side offers few opportunities. Visual Net Progress Report I intend to add the B8* to Peerless. It occurs because the DJI makes a 35 day low which is widely unconfirmed by the A/D Line or P/I. More details will be added when I can show its past trading results. I could not quickly test this change, Visual Basic ran out of free memory space. That will not be a problem with Visual Net. I'm working on the automatic signals now. Visual Net does not allow the use of line numbers, so much of the complex code has to be re-written without them. This takes time because of the new testing required. But the end result will be a ranking of the best way to trade any of the nearly 3000 stocks over $4 that are reasonably active. I expect to be able to allow you to use TC-2000 directly for that. |
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6/12/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90612.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-12-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-12-2023/BEARISH.htm |
Table 2 QUICKSILVER on ETFS - 6/12/2023 --- Bullish = 4 FAS, SOXL, TECL (+.512), UUP Bearish = 2 GLD YINN ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 341.17 1.9 336.17 74.7% Bullish BLUE .214 0 ------ --------------------------------------------------------------------------------------------- COMPQX 13461.92 202.78 13276.42 87.9% Bullish BLUE .154 .082 .236 --------------------------------------------------------------------------------------------- SPY 433.8 3.9 428.03 78.2% Bullish BLUE .145 .036 .181 --------------------------------------------------------------------------------------------- QQQ 360.49 5.99 354.84 79.1% Bullish BLUE .137 .103 .24 --------------------------------------------------------------------------------------------- MDY 467.43 2.58 462.85 151.3% Bullish BLUE .197 -.001 .196 --------------------------------------------------------------------------------------------- IWM 185.8 .77 184.31 168.5% Bullish BLUE .204 .022 .226 --------------------------------------------------------------------------------------------- FAS 60.81 -.13 60.44 218% Bullish RED .235 .05 .285 +++ --------------------------------------------------------------------------------------------- RETL 6.56 .26 6.02 843.1% ------- BLUE .141 -.081 .06 --------------------------------------------------------------------------------------------- SOXL 24.6 2.2 21.73 832.4% Bullish BLUE .175 .332 .507 +++ --------------------------------------------------------------------------------------------- TECL 50.41 3.06 47.4 315% Bullish BLUE .137 .375 .512 +++ --------------------------------------------------------------------------------------------- IBB 129.87 1.03 129.08 15.5% Bullish BLUE .183 -.018 .165 --------------------------------------------------------------------------------------------- GLD 181.88 -.16 182.34 -7.1% Bearish BLUE -.153 -.051 -.204 --------------------------------------------------------------------------------------------- DBO 13.37 -.54 14.07 -262.9% Bearish RED -.097 -.108 -.205 --------------------------------------------------------------------------------------------- OIH 269.47 -6.93 271.06 31.3% Bullish RED .092 -.056 .036 --------------------------------------------------------------------------------------------- CPER 23.13 -.15 23.17 -4.3% ------- ---- -.093 -.118 -.211 --------------------------------------------------------------------------------------------- TAN 71.54 1.15 71.24 -19% Bullish BLUE -.061 -.094 -.155 --------------------------------------------------------------------------------------------- UUP 28.49 .01 28.61 -5.3% ------- ---- .303 -.013 .29 +++ --------------------------------------------------------------------------------------------- CORN 24.05 .68 23.73 85.1% ------- BLUE .184 -.083 .101 --------------------------------------------------------------------------------------------- WEAT 6.42 .04 6.37 63.1% ------- ---- .153 -.128 .025 --------------------------------------------------------------------------------------------- YINN 37.37 -.28 37.73 258.1% ------- RED -.045 -.282 -.327 --- |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/12/23 Bullish = 34 Bearish = 15 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .944 .888 ===== BIGBANKS .857 .857 .857 .857 .571 .285 SEMI .797 .734 .765 .734 .712 .68 ===== TRANSP .789 .789 .736 .894 .684 .526 ELECTRON .774 .714 .721 .691 .654 .609 HOSPITAL .769 .769 .769 .846 .692 .615 JETS .769 .769 .769 .769 .769 .615 EAT .761 .642 .738 .714 .714 .642 COMPUTER .75 .75 .75 .75 .75 .65 NIFTY .75 .681 .659 .59 .681 .613 REIT .737 .713 .754 .762 .598 .459 FINANCE .725 .7 .75 .737 .675 .525 HIGHPRIC .722 .688 .722 .688 .688 .675 AUTO .716 .679 .698 .66 .622 .547 GUNS .714 .714 .714 .714 .714 .5 NASD-100 .71 .67 .66 .63 .68 .64 DJI-13 .692 .769 .692 .538 .538 .538 GAMING .684 .631 .578 .684 .631 .526 INDEXES .681 .691 .697 .654 .621 .572 GREEN .666 .611 .611 .666 .666 .611 BEVERAGE .642 .642 .642 .642 .642 .714 SOFTWARE .642 .678 .66 .642 .714 .66 INFRA .636 .575 .636 .575 .484 .454 FIDSTKS .633 .627 .585 .579 .532 .485 RETAIL .63 .565 .586 .543 .5 .413 RUS-1000 .625 .611 .625 .635 .574 .487 SP-100 .6 .555 .544 .522 .455 .4 SP500 .597 .595 .589 .585 .527 .466 CHEM .581 .558 .651 .744 .534 .441 MILITARY .576 .653 .653 .615 .461 .384 DOWJONES .566 .6 .566 .533 .533 .533 ===== REGBANKS .547 .595 .666 .666 .452 .238 ETFS .545 .545 .563 .472 .6 .49 BIOTECH .542 .512 .549 .544 .552 .49 ============================================================================================= HACKERS .5 .562 .5 .5 .562 .5 ============================================================================================= INDMATER .458 .458 .513 .541 .458 .333 UTILITY .435 .538 .564 .512 .282 .256 COPPER .428 .428 .428 .142 .142 0 OILGAS .422 .494 .536 .505 .36 .247 LOWPRICE .412 .392 .406 .389 .383 .361 FOOD .408 .428 .408 .346 .367 .346 SOLAR .375 .25 .312 .375 .375 .312 INSURANC .36 .56 .56 .6 .52 .36 COMODITY .358 .384 .358 .282 .307 .282 BONDFUND .287 .252 .287 .172 .172 .16 CHINA .25 .25 .295 .227 .25 .181 MARIJUAN .2 .2 .2 .2 .2 .1 COAL .166 .333 .166 .333 .166 .166 EDU .166 .333 .333 .333 .166 .166 GOLD .155 .2 .222 .177 .222 .222 |
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Monday - 6:00 AM -6/12/2023 DJI Futures +37 NASDAQ
Fulures +64 Data Used - 6/9/2023
6/9/2023
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The DJI moved up closer to its zone of resistance between 34000 and 34400 and the SP-500 is now challenging its 12-month high. The broader market is starting to lag. There were 700 more down than up on the NYSE. Some traders are showing concerns that the FED will only temporarily halt its rate hikes because the labor market needs to be tamed and inflation is still far above the FED's stated goal of 2%. But the key indexes we follow here still show rising Closing Lines and Relative Strength Lines. And the DJI reveals a pattern of having its Stochastic-20 reach 90 before turning back down and the index itself then falling back. Investor money naturally gravitates to the high capitalization leaders. They can raise their prices more easily and generate such ample cash flow that they are much less disciplinable by higher rates. And with the "Big Three" taking off because of the AI revolution, it is likely it will take much bigger divergences between the leading indexes and most stocks than we have seen so far to bring about a decline. Such is the beauty of weighting the averages by the market capitalization of each component. By now professionals are used to having the FED protect them and many are fearful of missing out if there is an inverted head/shoulders DJIA breakout on news of a Fed pause. As former FED Chairman said recently, with the President and Congress at loggerheads and unable to agree on fiscal policy, it is up to the FED to make such monetary policies as the economy's safety and growth requires. Bernanke dienies this, but In effect, Wall Street rules through the FED. The artificial intelligence revolution has begin. There is no sign yet that its leaders, MSFT, NVDA and GOOGL, are weakening after big advances that otherwise might cause a 20% profit-taking pullback. More and more talk is focused on all the things that a new generation of computer programming may accomplish in field after field. Thrree stocks are the leaders of this "singular" and "transformative" new era. TECL just gave a new RED buy. This would seem a good time to buy more of it. There are few Bearish MINCPs and quite a few Bullish MAXCPs are running wild. The trend is still up. The FED is not likely to disappoint. The falling trends of Food Prices, Commodites and Crude Oil should encourage a Fed pause this Wednesday. With Job growth high, consumer demand will only be tempered by much, much higher rates. That means there should be a profits' surge as we go into Summer. |
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6/9/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90609.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-09-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-09-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/9/2023 --- Bullish = 4 FAS, SOXL, TECL (+.443), UUP Bearish = 1 GLD ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.27 .46 336.13 17.8% Bullish BLUE .208 === ===== --------------------------------------------------------------------------------------------- COMPQX 13259.14 20.62 13229.43 6.9% Bullish RED .138 .074 .212 --------------------------------------------------------------------------------------------- SPY 429.9 .77 427.1 23.1% Bullish ---- .133 .034 .167 --------------------------------------------------------------------------------------------- QQQ 354.5 1.35 354.9 -2.1% Bullish RED .123 .096 .219 --------------------------------------------------------------------------------------------- MDY 464.85 -2.91 453.4 70.7% Bullish RED .18 -.002 .178 --------------------------------------------------------------------------------------------- IWM 185.03 -1.51 179.58 81.8% Bullish RED .199 .018 .217 --------------------------------------------------------------------------------------------- FAS 60.94 .03 58.18 153.5% Bullish BLUE .25 .046 .296 + --------------------------------------------------------------------------------------------- RETL 6.3 -.32 5.52 445.5% Bearish RED .108 -.096 .012 --------------------------------------------------------------------------------------------- SOXL 22.4 .12 20.97 87.4% Bullish RED .144 .274 .418 + --------------------------------------------------------------------------------------------- TECL 47.35 .66 47.46 -104.2% Bullish BLUE .108 .335 .443 + --------------------------------------------------------------------------------------------- IBB 128.84 -.19 129.47 -5.4% Bullish RED .169 -.029 .14 --------------------------------------------------------------------------------------------- GLD 182.04 -.49 182.14 27.3% Bearish RED -.22 -.04 -.26 - --------------------------------------------------------------------------------------------- DBO 13.91 -.09 14.11 -77.9% Bearish RED -.067 -.055 -.122 --------------------------------------------------------------------------------------------- OIH 276.4 -1.79 267.75 72.2% Bullish RED .121 -.041 .08 --------------------------------------------------------------------------------------------- CPER 23.28 -.02 23.15 64.8% ------- ---- -.133 -.103 -.236 --------------------------------------------------------------------------------------------- TAN 70.39 -.43 71.81 -117.7% ------- RED -.112 -.089 -.201 --------------------------------------------------------------------------------------------- UUP 28.48 .09 28.52 -15.8% ------- ---- .332 -.017 .315 + --------------------------------------------------------------------------------------------- CORN 23.37 -.16 23.65 -97.4% Bullish ---- .131 -.113 .018 --------------------------------------------------------------------------------------------- WEAT 6.38 .02 6.34 47.4% ------- ---- .122 -.146 -.024 --------------------------------------------------------------------------------------------- YINN 37.65 .02 35.46 274.6% Bullish RED 0 -.237 -.237 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/9/23 Bullish = 37 Bearish = 13 Note the new industry group EAT(S) for restaurants. --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .944 .888 .888 ----- BIGBANKS .857 .857 .857 .571 .285 .285 ----- TRANSP .789 .736 .894 .684 .526 .631 DJI-13 .769 .692 .538 .538 .538 .538 HOSPITAL .769 .769 .846 .692 .615 .538 JETS .769 .769 .769 .769 .615 .769 COMPUTER .75 .75 .75 .75 .65 .75 SEMI .734 .765 .734 .712 .659 .734 ELECTRON .714 .721 .691 .654 .593 .699 GUNS .714 .714 .714 .714 .5 .642 REIT .713 .745 .77 .606 .434 .483 FINANCE .7 .75 .737 .662 .512 .562 INDEXES .691 .697 .654 .621 .567 .61 HIGHPRIC .688 .722 .688 .688 .675 .688 NIFTY .681 .659 .59 .681 .613 .727 AUTO .679 .716 .66 .622 .547 .584 SOFTWARE .678 .678 .642 .714 .66 .678 NASD-100 .67 .66 .63 .68 .64 .66 MILITARY .653 .653 .615 .461 .384 .5 EATS .65 .75 .725 .725 .65 .625 BEVERAGE .642 .642 .642 .642 .714 .714 GAMING .631 .578 .631 .684 .473 .473 FIDSTKS .627 .585 .579 .532 .485 .514 GREEN .611 .611 .666 .666 .611 .666 RUS-1000 .611 .625 .635 .574 .482 .513 DOWJONES .6 .566 .533 .533 .533 .566 ---- REGBANKS .595 .666 .666 .452 .238 .261 SP500 .595 .589 .587 .523 .466 .486 INFRA .575 .636 .575 .484 .393 .393 RETAIL .565 .586 .543 .5 .413 .456 HACKERS .562 .5 .5 .562 .5 .562 INSURANC .56 .56 .6 .52 .36 .4 CHEM .558 .651 .744 .534 .418 .465 SP-100 .555 .544 .522 .455 .411 .433 ETFS .545 .563 .472 .6 .509 .581 UTILITY .538 .564 .512 .282 .256 .307 BIOTECH .509 .547 .547 .552 .492 .504 =============================================================================================== OILGAS .494 .536 .505 .36 .237 .268 INDMATER .458 .513 .541 .458 .319 .388 COPPER .428 .428 .142 .142 0 0 FOOD .428 .428 .326 .367 .346 .285 LOWPRICE .392 .409 .392 .386 .361 .361 COMODITY .384 .384 .256 .307 .282 .23 COAL .333 .166 .333 .166 .166 .166 EDU .333 .333 .333 .166 .166 .166 BONDFUND .252 .275 .172 .183 .172 .137 CHINA .25 .295 .227 .25 .181 .227 SOLAR .25 .312 .375 .375 .312 .375 GOLD .2 .222 .177 .222 .222 .222 MARIJUAN .2 .2 .2 .2 .1 .1 |
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Friday - 6:11 AM -6/9/2023 DJI Futures -5 NASDAQ Fulures +19 Data Used - 6/8/2023
DJIA 33833.61
168.59 +0.50% S&P 500 4293.93 26.41 +0.62% Nasdaq 13238.52 133.63 +1.02% |
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The DJI is
challenging its 34000 resistance while we wait for confirmation from the FED that it is, in fact, going to pause in its rate hikes. Another drop in the CPI would be bullish, too. The weak OBV Lines shown by the indexes have not prevented the rally by these indexes to their yearly highs. More important has been the gathering strength in the overall market. The A/D Line's uptrend is now key and it is clearly rising. The profit-taking in the tech stocks is viewed as temporary. But what would be of bearish concern would be the DJI reaching 34300 or so with the V-Indicator negative. That would bring a Peerless S9-V. A negativeV-I non-confirmation with the DJI closing above the 2.4% band would show us that many Professionals are leaving for their Summer vacations and their aggressive buying will not be present to boost the market. But for now, there are almost no Bearish MINCPs and the rally should continue. Notice the recent very flat resistance exactly at 34000 in the DJI below. As we like to say, this beckons for a breakout. 34300 is now our DJI target. |
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6/8/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90607.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-08-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-08-2023/BEARISH.htm |
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Table 1
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Table 2 QUICKSILVER on ETFS - 6/8/2023 --- Bullish = 6 COMPQX(.280), QQQ(+.327), SOXL (+.555), TECL (.555), FAS ,UP (347) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 338.81 1.64 338.07 117.2% Bullish BLUE .214 ---- .214 --------------------------------------------------------------------------------------------- COMPQX 13238.52 133.62 13240.77 52.1% Bullish BLUE .196 .084 .28 +++ --------------------------------------------------------------------------------------------- SPY 429.13 2.58 427.92 85.7% Bullish BLUE .173 .038 .211 --------------------------------------------------------------------------------------------- QQQ 353.15 4.33 354.65 16.1% Bullish BLUE .172 .104 .276 +++ --------------------------------------------------------------------------------------------- MDY 467.76 -2.03 458.31 259.9% Bullish RED .211 .008 .219 --------------------------------------------------------------------------------------------- IWM 186.54 -.7 182.02 299.6% Bullish RED .22 .029 .249 --------------------------------------------------------------------------------------------- FAS 60.91 -.17 59.1 452.6% Bullish BLUE .23 .084 .314 +++ --------------------------------------------------------------------------------------------- RETL 6.62 .24 5.76 1293% Bullish BLUE .151 -.043 .108 --------------------------------------------------------------------------------------------- SOXL 22.28 .64 22.02 27.6% Bullish BLUE .166 .379 .545 +++ --------------------------------------------------------------------------------------------- TECL 46.69 1.43 48.33 -83.7% Bullish BLUE .164 .391 .555 +++ --------------------------------------------------------------------------------------------- IBB 129.03 .2 128.98 87.9% Bullish BLUE .148 -.023 .125 --------------------------------------------------------------------------------------------- GLD 182.53 2.38 181.05 -33.8% Bearish BLUE -.199 -.051 -.25 --------------------------------------------------------------------------------------------- DBO 14 -.27 14.13 63.9% ------- RED -.029 -.062 -.091 --------------------------------------------------------------------------------------------- OIH 278.19 -1.02 272.45 352.1% Bullish RED .123 -.035 .088 --------------------------------------------------------------------------------------------- CPER 23.3 .17 22.98 99.8% ------- BLUE -.103 -.109 -.212 --------------------------------------------------------------------------------------------- TAN 70.82 -.2 72.07 -46.1% Bullish RED -.058 -.07 -.128 --------------------------------------------------------------------------------------------- UUP 28.39 -.23 28.57 21% ------- RED .322 -.027 .295 +++ --------------------------------------------------------------------------------------------- CORN 23.53 .26 23.83 8.5% ------- BLUE .143 -.116 .027 --------------------------------------------------------------------------------------------- WEAT 6.36 .12 6.32 111.1% ------- BLUE .102 -.153 -.051 --------------------------------------------------------------------------------------------- YINN 37.63 1.11 35.64 682.1% Bullish BLUE .029 -.244 -.215 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/8/23 Bullish = 37 Bearish = 11 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .944 .888 .888 .722 BIGBANKS .857 .857 .571 .285 .285 .285 HOSPITAL .769 .846 .692 .615 .615 .461 JETS .769 .769 .769 .615 .769 .615 SEMI .765 .734 .712 .659 .712 .691 COMPUTER .75 .75 .75 .65 .75 .55 FINANCE .75 .737 .662 .5 .55 .35 REIT .745 .762 .614 .442 .475 .327 TRANSP .736 .894 .684 .526 .631 .526 HIGHPRIC .722 .688 .688 .675 .679 .545 ELECTRON .721 .691 .654 .593 .684 .624 AUTO .716 .679 .622 .547 .566 .32 GUNS .714 .714 .714 .5 .642 .357 INDEXES .697 .654 .621 .567 .605 .4 DJI-13 .692 .538 .538 .538 .538 .384 SOFTWARE .678 .66 .714 .66 .678 .607 REGBANKS .666 .666 .452 .238 .261 .166 NASD-100 .66 .63 .68 .64 .65 .57 NIFTY .659 .59 .681 .613 .704 .681 MILITARY .653 .615 .461 .384 .5 .346 CHEM .651 .744 .534 .418 .465 .162 BEVERAGE .642 .642 .642 .714 .714 .5 INFRA .636 .575 .484 .393 .393 .303 RUS-1000 .625 .635 .574 .482 .51 .371 GREEN .611 .666 .666 .611 .666 .5 SP500 .589 .587 .525 .462 .488 .342 RETAIL .586 .543 .5 .413 .456 .282 FIDSTKS .585 .579 .532 .485 .514 .39 GAMING .578 .631 .631 .526 .473 .315 DOWJONES .566 .533 .533 .533 .566 .433 UTILITY .564 .512 .282 .256 .307 .23 ETFS .563 .472 .6 .509 .6 .4 INSURANC .56 .6 .52 .36 .4 .32 BIOTECH .544 .544 .554 .492 .507 .445 SP-100 .544 .522 .455 .411 .433 .344 OILGAS .536 .505 .36 .237 .268 .185 INDMATER .513 .541 .458 .319 .388 .152 =============================================================================================== HACKERS .5 .5 .562 .5 .562 .562 =============================================================================================== COPPER .428 .142 .142 0 0 0 FOOD .428 .346 .346 .346 .285 .408 LOWPRICE .409 .395 .389 .363 .352 .323 COMODITY .384 .282 .282 .282 .23 .384 EDU .333 .333 .166 .166 .166 .166 SOLAR .312 .375 .375 .312 .375 .312 CHINA .295 .227 .25 .181 .181 .181 BONDFUND .275 .16 .183 .183 .149 .137 GOLD .222 .177 .222 .222 .222 .377 MARIJUAN .2 .2 .2 .1 .1 .1 COAL .166 .333 .166 .166 .166 0 |
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Thursday - 6:03 AM -6/8/2023 DJI
Futures -5 NASDAQ Fulures +19 Data Used - 6/7/2023
6/7/2023
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The hope that the Fed
will pause in its rate hikes and a "soft landing" will be achieved as the rate Inflation keeps falling have brought the DJI to a point where its hypothetical highs have almost tagged 34000. More of a recovery now will need dovish leaks from within the FOMC as the market waits to see what the FED will, in fact, do next week. With volume low, even poor, judging by OBV for the various indexes, we can only expect a labored rally now from the DJI. But the internal strength downtrend-lines we track for the DJI have been broken. In particular, breadth (advances-declines and New Highs/New Lows) indicators are improving and positive. This has unleashed rallies from the most beaten down groups. See below how IWM and RETL jumped up again today. And why shouldn't they? If rates stop rising, soon they may even start falling. In early 1967, when Inflation pressures were still indeniable, the FED stopped after a year of tightening. The result was runaway prices in electronics, computer and semi-conductors. They were the growth stocks then, just as they are now. The smaller stocks, like those in IWM now, held back. They made their big advance in 1968. The DJI throughout this period of time only made modest gains and could not make new highs above much above its early 1966 peak. I think the behavior of sectors then is likely to play out again now. So, ride out the current "subsidence" in the AI, TECL and QQQ stocks. The lack of bearish MINCPs tells us to avoid the short side. Expect the tech stocks that are dipping to find ample support at their 21-day ma. |
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6/7/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90607.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-07-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-07-2023/BEARISH.htm |
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Table 2 QUICKSILVER on ETFS - 6/5/2023 --- Bullish = 6 COMPQX(.291), QQQ(+.306), SOXL (+.480), TECL (.557), FAS (271), UUP (347) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 336.17 .04 329.52 84.8% ------- BLUE .163 0 --- --------------------------------------------------------------------------------------------- COMPQX 13276.42 46.99 12935.29 98.8% Bullish BLUE .211 .08 .291 +++ --------------------------------------------------------------------------------------------- SPY 428.03 .93 417.85 92.8% Bullish BLUE .185 .039 .224 --------------------------------------------------------------------------------------------- QQQ 354.84 -.06 347.99 69.1% Bullish BLUE .208 .098 .306 +++ --------------------------------------------------------------------------------------------- MDY 462.85 9.45 440.15 185.9% Bullish BLUE .163 .013 .176 --------------------------------------------------------------------------------------------- IWM 184.31 4.73 173.77 248.4% Bullish BLUE .165 .03 .195 --------------------------------------------------------------------------------------------- FAS 60.44 2.26 53.8 419.7% Bullish BLUE .148 .123 .271 +++ --------------------------------------------------------------------------------------------- RETL 6.02 .5 5.1 406.1% Bearish BLUE .086 -.099 -.013 --------------------------------------------------------------------------------------------- SOXL 21.73 .76 21.15 -261.1% Bullish BLUE .212 .268 .48 +++ --------------------------------------------------------------------------------------------- TECL 47.4 -.06 46.13 8.4% Bullish BLUE .195 .362 .557 +++ --------------------------------------------------------------------------------------------- IBB 129.08 -.39 126.28 114.1% ------- RED .136 -.017 .119 --------------------------------------------------------------------------------------------- GLD 182.34 .2 182.32 8.2% Bearish ---- -.147 -.05 -.197 --------------------------------------------------------------------------------------------- DBO 14.07 -.04 13.37 112% ------- BLUE -.015 -.003 -.018 --------------------------------------------------------------------------------------------- OIH 271.06 3.31 246.78 288.6% Bullish BLUE .08 .01 .09 --------------------------------------------------------------------------------------------- CPER 23.17 .02 22.62 133.6% ------- ---- -.048 -.11 -.158 --------------------------------------------------------------------------------------------- TAN 71.24 -.57 69.98 30.2% ------- BLUE -.023 -.067 -.09 --------------------------------------------------------------------------------------------- UUP 28.61 .09 28.61 8.8% ------- ---- .369 -.022 .347 +++ --------------------------------------------------------------------------------------------- CORN 23.73 .08 23.1 113% Bullish ---- .144 -.089 .055 --------------------------------------------------------------------------------------------- WEAT 6.37 .03 6.06 266.3% ------- RED .118 -.137 -.019 --------------------------------------------------------------------------------------------- YINN 37.73 2.27 30.47 1055.4% Bullish BLUE .078 -.199 -.121 QUICKSILVER on ETFS - 06/07/23 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX --------------------------------------------------------------------------------------------- DIA 337.17 1 330.94 114.5% Bullish BLUE .184 0 .184 --------------------------------------------------------------------------------------------- COMPQX 13104.9 -171.52 13100.98 64.5% Bullish RED .122 .074 .196 --------------------------------------------------------------------------------------------- SPY 426.55 -1.48 421.82 102.5% Bullish RED .126 .036 .162 --------------------------------------------------------------------------------------------- QQQ 348.82 -6.02 352.01 11.8% Bullish RED .123 .09 .213 --------------------------------------------------------------------------------------------- MDY 469.79 6.94 443.97 328.1% Bullish BLUE .217 .021 .238 --------------------------------------------------------------------------------------------- IWM 187.24 2.93 175.65 376.1% Bullish BLUE .218 .038 .256 --------------------------------------------------------------------------------------------- FAS 61.08 .64 55.58 633.9% Bullish BLUE .214 .091 .305 --------------------------------------------------------------------------------------------- RETL 6.38 .36 5.13 1162.4% ------- BLUE .113 -.047 .066 --------------------------------------------------------------------------------------------- SOXL 21.64 -.09 22.16 113.4% Bullish RED .148 .315 .463 --------------------------------------------------------------------------------------------- TECL 45.26 -2.14 47.48 -91.8% Bullish RED .122 .334 .456 --------------------------------------------------------------------------------------------- IBB 128.83 -.25 126.77 99.5% Bullish RED .156 -.017 .139 --------------------------------------------------------------------------------------------- GLD 180.15 -2.19 183.76 -59.5% Bearish RED -.177 -.05 -.227 --------------------------------------------------------------------------------------------- DBO 14.27 .2 13.82 323.7% ------- BLUE .004 -.03 -.026 --------------------------------------------------------------------------------------------- OIH 279.21 8.15 259.18 615.5% Bullish BLUE .132 0 .132 --------------------------------------------------------------------------------------------- CPER 23.13 -.04 22.84 111.1% ------- RED -.062 -.114 -.176 --------------------------------------------------------------------------------------------- TAN 71.02 -.22 71.48 72.9% Bullish RED -.042 -.066 -.108 --------------------------------------------------------------------------------------------- UUP 28.62 .01 28.27 1.8% ------- BLUE .366 -.015 .351 --------------------------------------------------------------------------------------------- CORN 23.27 -.46 23.49 36.1% ------- RED .123 -.118 .005 --------------------------------------------------------------------------------------------- WEAT 6.24 -.13 6.22 143.7% ------- RED .078 -.161 -.083 --------------------------------------------------------------------------------------------- YINN 36.52 -1.21 32.77 879% Bullish RED .04 -.166 -.126 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/7/23 Bullish = 36 Bearish = 12 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .944 .888 .888 .777 .666 TRANSP .894 .684 .526 .631 .526 .368 BIGBANKS .857 .571 .285 .285 .285 .285 HOSPITAL .846 .692 .615 .615 .461 .384 JETS .769 .769 .615 .769 .615 .538 REIT .762 .606 .45 .483 .311 .311 COMPUTER .75 .75 .65 .75 .55 .55 CHEM .744 .534 .418 .465 .186 .186 FINANCE .737 .662 .5 .537 .362 .25 SEMI .734 .712 .659 .712 .68 .648 GUNS .714 .714 .5 .642 .357 .357 ELECTRON .691 .654 .593 .684 .616 .586 HIGHPRIC .688 .688 .675 .679 .549 .48 AUTO .679 .641 .547 .566 .32 .301 GREEN .666 .666 .611 .666 .5 .333 REGBANKS .666 .452 .238 .261 .166 .119 SOFTWARE .66 .732 .66 .678 .607 .625 INDEXES .654 .621 .567 .605 .4 .308 BEVERAGE .642 .642 .714 .714 .5 .5 RUS-1000 .635 .574 .482 .51 .375 .338 GAMING .631 .631 .473 .526 .315 .315 NASD-100 .63 .68 .64 .65 .57 .54 MILITARY .615 .461 .384 .5 .346 .23 INSURANC .6 .52 .36 .4 .32 .28 NIFTY .59 .681 .613 .704 .681 .59 SP500 .587 .525 .464 .484 .353 .299 FIDSTKS .579 .532 .485 .514 .402 .343 INFRA .575 .484 .393 .393 .303 .303 RETAIL .543 .5 .413 .456 .304 .282 BIOTECH .542 .552 .495 .507 .447 .43 INDMATER .541 .458 .319 .388 .18 .125 DJI-13 .538 .538 .538 .538 .384 .384 DOWJONES .533 .533 .533 .566 .466 .366 SP-100 .522 .455 .411 .433 .355 .277 UTILITY .512 .282 .256 .307 .256 .256 OILGAS .505 .36 .237 .268 .185 .144 ================================================================================================ HACKERS .5 .562 .5 .562 .562 .562 ================================================================================================ ETFS .472 .6 .509 .6 .418 .309 LOWPRICE .395 .392 .366 .355 .32 .295 SOLAR .375 .375 .312 .375 .312 .25 FOOD .346 .367 .326 .285 .408 .244 COAL .333 .166 .166 .166 .166 0 EDU .333 .166 .166 .166 .166 .166 COMODITY .282 .307 .256 .23 .384 .205 CHINA .227 .25 .181 .181 .181 .113 MARIJUAN .2 .2 .1 .1 .1 .1 GOLD .177 .222 .222 .222 .377 .177 BONDFUND .16 .172 .183 .16 .149 .103 COPPER .142 .142 0 0 0 0 |
===================================================================================
Wednesday - 6:00
AM -6/7/2023 DJI Futures +5
NASDAQ Fulures +10 Data
Used - 6/6/2023
6/6/2023
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The NYSE A/D
Line broke its downtrend decisively today. This recorded and resulted in the Russell-2000's 2.5% one day jump. 56% of all 5000 stocks and ETFs we track are above their 65-dma. Even 50% of the beaten-down Retail stocks are above their 65-dma. See Table 3. Very few bearish MINCPs appear tonight. The prospects of the FED pausing in their rate hike program when the FOMC meets next week coupled with last Friday's surprisingly positive Jobs' number are the combned cause for this advance. A broad advance will take the focus from the "Big Four" (MSFT, NVDA, GOOG and AAPL) and may cause them some subsidence. TECL, as the ETF with the highest ITRS (Relative Strength) score among the major ETFs, may pause before rising more. But traders should continue to hold it. See below how its internals are not likely to be soon reversed. Home-Builders responded to the same bullish stimuli. They are now the natural leaders if the FED does decide to stop raising rates and there is no recession. Cover short sales whose steep Closing Power and Relative Strength Lines are broken. A DJI slow rally to 34000 would seem to lie ahead. Let's see if the weak LABD (Nasdaq biotechs) can join the recovery. Its Accumulation Index is improving. FAS (representing big banks) should go back to its broken support, shown below. As the breadth figures show for today, this is apt to be a broad advance. But, for some reason, volume is still suspiciously low. That means it is unlikely the DJI will be leading the charge and will be able to muscle past its overhead resistance. Normally, semi-conductors make good plays in this situation, as well as our bullish MAXCPs. |
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6/6/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90606.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-06-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-06-2023/BEARISH.htm |
A/D Line trend-break is bullish. This line is widely watched. |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/5/2023 --- Bullish = 6 COMPQX(.291), QQQ(+.306), SOXL (+.480), TECL (.557), FAS (271), UUP (347) Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 336.17 .04 329.52 84.8% ------- BLUE .163 0 --- --------------------------------------------------------------------------------------------- COMPQX 13276.42 46.99 12935.29 98.8% Bullish BLUE .211 .08 .291 +++ --------------------------------------------------------------------------------------------- SPY 428.03 .93 417.85 92.8% Bullish BLUE .185 .039 .224 --------------------------------------------------------------------------------------------- QQQ 354.84 -.06 347.99 69.1% Bullish BLUE .208 .098 .306 +++ --------------------------------------------------------------------------------------------- MDY 462.85 9.45 440.15 185.9% Bullish BLUE .163 .013 .176 --------------------------------------------------------------------------------------------- IWM 184.31 4.73 173.77 248.4% Bullish BLUE .165 .03 .195 --------------------------------------------------------------------------------------------- FAS 60.44 2.26 53.8 419.7% Bullish BLUE .148 .123 .271 +++ --------------------------------------------------------------------------------------------- RETL 6.02 .5 5.1 406.1% Bearish BLUE .086 -.099 -.013 --------------------------------------------------------------------------------------------- SOXL 21.73 .76 21.15 -261.1% Bullish BLUE .212 .268 .48 +++ --------------------------------------------------------------------------------------------- TECL 47.4 -.06 46.13 8.4% Bullish BLUE .195 .362 .557 +++ --------------------------------------------------------------------------------------------- IBB 129.08 -.39 126.28 114.1% ------- RED .136 -.017 .119 --------------------------------------------------------------------------------------------- GLD 182.34 .2 182.32 8.2% Bearish ---- -.147 -.05 -.197 --------------------------------------------------------------------------------------------- DBO 14.07 -.04 13.37 112% ------- BLUE -.015 -.003 -.018 --------------------------------------------------------------------------------------------- OIH 271.06 3.31 246.78 288.6% Bullish BLUE .08 .01 .09 --------------------------------------------------------------------------------------------- CPER 23.17 .02 22.62 133.6% ------- ---- -.048 -.11 -.158 --------------------------------------------------------------------------------------------- TAN 71.24 -.57 69.98 30.2% ------- BLUE -.023 -.067 -.09 --------------------------------------------------------------------------------------------- UUP 28.61 .09 28.61 8.8% ------- ---- .369 -.022 .347 +++ --------------------------------------------------------------------------------------------- CORN 23.73 .08 23.1 113% Bullish ---- .144 -.089 .055 --------------------------------------------------------------------------------------------- WEAT 6.37 .03 6.06 266.3% ------- RED .118 -.137 -.019 --------------------------------------------------------------------------------------------- YINN 37.73 2.27 30.47 1055.4% Bullish BLUE .078 -.199 -.121 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/6/23 Bullish = 30 Bearish = 19 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .944 .888 .888 .777 .666 .833 JETS .769 .615 .769 .615 .538 .538 COMPUTER .75 .65 .75 .55 .55 .55 SOFTWARE .732 .678 .678 .607 .625 .607 GUNS .714 .5 .642 .357 .357 .571 SEMI .712 .659 .712 .68 .627 .691 HOSPITAL .692 .615 .615 .461 .384 .384 HIGHPRIC .688 .675 .679 .549 .48 .541 TRANSP .684 .526 .631 .526 .368 .578 NIFTY .681 .613 .704 .681 .59 .522 NASD-100 .68 .64 .65 .57 .54 .53 GREEN .666 .611 .666 .5 .333 .333 FINANCE .662 .5 .537 .35 .225 .325 ELECTRON .654 .593 .684 .616 .571 .609 BEVERAGE .642 .714 .714 .5 .5 .5 AUTO .641 .566 .566 .32 .301 .415 GAMING .631 .473 .473 .368 .315 .368 INDEXES .621 .567 .605 .4 .308 .372 REIT .606 .442 .491 .319 .303 .295 ETFS .6 .509 .6 .418 .327 .4 RUS-1000 .574 .482 .51 .375 .338 .37 BIGBANKS .571 .285 .285 .285 .142 .428 HACKERS .562 .5 .562 .562 .562 .562 BIOTECH .549 .492 .509 .447 .43 .415 DJI-13 .538 .538 .538 .384 .384 .384 CHEM .534 .418 .465 .186 .186 .186 DOWJONES .533 .533 .566 .466 .366 .366 FIDSTKS .532 .485 .514 .402 .337 .396 SP500 .525 .464 .486 .349 .301 .34 INSURANC .52 .36 .4 .32 .28 .36 ================================================================================================== RETAIL .5 .413 .456 .304 .282 .304 ================================================================================================== INFRA .484 .393 .393 .303 .303 .303 MILITARY .461 .384 .5 .346 .23 .269 INDMATER .458 .319 .388 .18 .125 .138 SP-100 .455 .411 .433 .355 .266 .333 REGBANKS .452 .238 .261 .166 .119 .166 LOWPRICE .392 .369 .358 .323 .295 .292 SOLAR .375 .312 .375 .312 .25 .25 FOOD .367 .346 .265 .408 .244 .224 OILGAS .36 .237 .268 .185 .144 .154 COMODITY .307 .282 .205 .384 .205 .205 UTILITY .282 .256 .307 .256 .256 .256 CHINA .25 .181 .181 .181 .113 .136 GOLD .222 .222 .222 .377 .2 .133 MARIJUAN .2 .1 .1 .1 .1 .1 BONDFUND .172 .172 .16 .16 .114 .068 COAL .166 .166 .166 .166 0 0 EDU .166 .166 .166 .166 .166 .166 COPPER .142 0 0 0 0 0 |
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6/5/2023
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The NIFTY FOUR are
holding up the market. How long can they remain the leaders? What can unseat them? They are fully astride powerful, even epic, forces. Friday's 800-point advance invited easy profit-taking. There are still more potentially bullish events to lift it back up. Next Tuesday and Wednesday the June CPI comes out and the FED's FIMC holds its next meeting. The down- trend in oil prices suggests another big CPI drop and the FED has said it will give real consideration to a pause in rate hikes. But we should be concerned about another market decline. There was no DJI bounce at the close. Retail stocks were again in retreat and RETL could not get back above its resistance. Semi-conductors pulled back and housing stocks held where they were, more or less. So, the housing stocks could still become leaders again. Their group has the highest percentage of of stocks above the 65-dma. Watch the A/D Line downtrend. Again there were more new highs than lows, as on Friday, and there were more MAXCPs than MINCPs. Even so, without a break in the downtrending NYSE A/D Line, the bulls are mainly relying on four major stocks to keep the NASDAQ, QQQ and TECL rising. They are MSFT, GOOG , AAPL and NVDA. As long as their Closing Powers and Relative Strength lines are rising, we have, it may be argued, a NIFTY FOUR market and the DJI's likely moves will be minimal. Watch RETL to see if the most beaten-down stocks can follow the REGIONAL BANKs and begin a recovery because of the Job Growth, Inflation-Subsidence and a FED pause for the summer in raising rates. Meanwhile, there are again enough Bearish MINCPs to go short with while being long the most bullish MAXCPs and the NIFTY FOUR. |
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6/5/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90605.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-05-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-05-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/5/2023 --- Bullish = 5 COMPQX(.293), QQQ(+.329), SOXL (+.370), TECL (.573), UUP Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 336.13 -1.94 330.52 79.7% Bullish RED .17 ---- ---- --------------------------------------------------------------------------------------------- COMPQX 13229.43 -11.34 13017.43 97.2% Bullish RED .218 .075 .293 --------------------------------------------------------------------------------------------- SPY 427.1 -.82 420.18 84% Bullish RED .19 .039 .229 --------------------------------------------------------------------------------------------- QQQ 354.9 .25 349.98 92.7% Bullish BLUE .23 .098 .328 --------------------------------------------------------------------------------------------- MDY 453.4 -4.91 446.18 74% ------- RED .127 -.005 .122 --------------------------------------------------------------------------------------------- IWM 179.58 -2.44 175.5 97.1% Bullish RED .119 .007 .126 --------------------------------------------------------------------------------------------- FAS 58.18 -.92 55.7 226% Bearish RED .147 .072 .219 --------------------------------------------------------------------------------------------- RETL 5.52 -.24 5.58 -46.1% Bearish RED .044 -.171 -.127 --------------------------------------------------------------------------------------------- SOXL 20.97 -1.05 22.87 -429.9% Bullish RED .219 .151 .37 --------------------------------------------------------------------------------------------- TECL 47.46 -.87 47.32 92.2% Bullish RED .205 .368 .573 --------------------------------------------------------------------------------------------- IBB 129.47 .49 126.17 93.7% Bullish BLUE .176 -.006 .17 --------------------------------------------------------------------------------------------- GLD 182.14 1.09 182.04 33.5% Bearish BLUE -.085 -.067 -.152 --------------------------------------------------------------------------------------------- DBO 14.11 -.02 13.76 -57.7% Bearish RED -.017 -.004 -.021 --------------------------------------------------------------------------------------------- OIH 267.75 -4.7 256.03 153.6% ------- RED .01 -.012 -.002 --------------------------------------------------------------------------------------------- CPER 23.15 .17 22.56 118.8% ------- BLUE -.048 -.12 -.168 --------------------------------------------------------------------------------------------- TAN 71.81 -.26 70.81 73.2% Bullish ---- .012 -.072 -.06 --------------------------------------------------------------------------------------------- UUP 28.52 -.05 28.56 -12.3% Bullish RED .332 -.024 .308 --------------------------------------------------------------------------------------------- CORN 23.65 -.18 23.2 6.4% Bullish RED .162 -.078 .084 --------------------------------------------------------------------------------------------- WEAT 6.34 .02 6.04 64.7% ------- ---- .166 -.104 .062 --------------------------------------------------------------------------------------------- YINN 35.46 -.18 30.76 277.1% ------- BLUE .056 -.261 -.205 |
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RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/5/23 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .888 .888 .777 .666 .833 .777 BEVERAGE .714 .714 .5 .5 .5 .5 SOFTWARE .678 .696 .607 .625 .607 .607 HIGHPRIC .675 .679 .549 .48 .536 .545 SEMI .659 .712 .68 .627 .68 .67 COMPUTER .65 .75 .55 .55 .55 .55 NASD-100 .64 .65 .57 .54 .53 .58 JETS .615 .769 .615 .538 .461 .461 NIFTY .613 .704 .681 .59 .522 .545 GREEN .611 .666 .5 .333 .333 .388 ELECTRON .593 .684 .616 .571 .601 .593 HOSPITAL .571 .571 .428 .357 .357 .357 INDEXES .567 .605 .4 .308 .372 .383 AUTO .566 .584 .32 .301 .415 .452 DJI-13 .538 .538 .384 .384 .384 .384 DOWJONES .533 .566 .466 .366 .366 .333 TRANSP .526 .631 .526 .368 .578 .526 ETFS .509 .6 .418 .327 .418 .436 FINANCE .5 .537 .35 .212 .325 .325 GUNS .5 .642 .357 .357 .571 .571 HACKERS .5 .562 .562 .562 .562 .562 BIOTECH .49 .507 .45 .43 .412 .417 FIDSTKS .485 .514 .402 .337 .402 .408 RUS-1000 .482 .51 .375 .338 .37 .373 GAMING .473 .473 .315 .368 .368 .421 SP500 .464 .486 .351 .297 .347 .355 REIT .442 .483 .327 .311 .278 .237 CHEM .418 .465 .186 .186 .186 .232 RETAIL .413 .456 .304 .282 .304 .304 SP-100 .411 .433 .355 .266 .333 .355 INFRA .393 .393 .303 .303 .303 .303 MILITARY .384 .5 .346 .23 .269 .269 LOWPRICE .369 .361 .326 .297 .289 .303 INSURANC .36 .4 .32 .28 .36 .32 FOOD .346 .285 .387 .244 .224 .265 INDMATER .319 .388 .18 .125 .152 .18 SOLAR .312 .375 .312 .25 .25 .312 BIGBANKS .285 .285 .285 .142 .428 .428 COMODITY .282 .23 .358 .205 .205 .23 UTILITY .256 .307 .256 .256 .256 .23 REGBANKS .238 .261 .166 .119 .166 .166 OILGAS .237 .268 .185 .144 .154 .164 GOLD .222 .222 .377 .2 .133 .155 CHINA .181 .181 .181 .113 .136 .204 BONDFUND .172 .149 .16 .126 .08 .034 COAL .166 .166 .166 0 0 0 EDU .166 .166 .166 .166 .166 .166 MARIJUAN .1 .1 .1 .1 .1 0 COPPER 0 0 0 0 0 0 |
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Monday - 6:11 AM
-6/52/2023 DJI
Futures -18 NASDAQ Fulures -9 Data Used - 6/2/2023
6/2/2023
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Having successfully
tested its rising support and 200-day ma near 33000, the DJI now should need to test its resistance at 34000. The very fine Jobs' report gave hope to the bulls that there would be no recession. The DJI now may be forming an inverted head and shoulders pattern with a neckline at at about 34400. Classic technical analysis warns us that such a move will require rising volume. As you can see from the index charts, like the NYSE, volume has been quite low. Its OBV Line, by itself, is very bearish. So, a DJI breakout above 34400 seems unlikely. But first it must probe 34000. The very positive Jobs number on a Friday when trading volume is often low led to a rush by shorts to cover their positions in beaten-down stocks, especially in the retail sector. This should prompt Tiger users to have done some short-covering. Where the Closing Power and Relative Strength trendlines were broken, we have advocated that shorts should be covered. In addition, when the broken support, as in Macy's shown below, fails to hold the stock down and a rally goes above the expected resistance there, it is best to cover. This is a "false breakdown". Presently, there are very few bearish MINCPs and the number of new lows on the NYSE dropped sharply, so no new shorts are advised. Instead look at the many bullish MAXCPs for ideas. TECL has the highest power ranking in Table 2. And Home- Builders are the top group in Table 3. After a pause to digest Friday's big rise and traders take note of the FED's lack of verbal reaction to the Jobs' Report. I would expect them to resume their leadership. |
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6/2/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90602.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-02-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-02-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/2/2023 --- Bullish = 5 COMPQX(.308), QQQ(+.3368), SOXL (+.525), TECL (.684), UUP Bearish = 0 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 338.07 7.13 330.84 156.4% ------- BLUE .22 ==== ==== --------------------------------------------------------------------------------------------- COMPQX 13240.77 139.79 12975.69 209.6% Bullish BLUE .229 .079 .308 --------------------------------------------------------------------------------------------- SPY 427.92 6.1 420.02 158.4% ------- BLUE .196 .035 .231 --------------------------------------------------------------------------------------------- QQQ 354.65 2.64 348.4 214.7% Bullish BLUE .233 .103 .336 --------------------------------------------------------------------------------------------- MDY 458.31 14.34 446.78 180.8% Bearish BLUE .113 -.007 .106 --------------------------------------------------------------------------------------------- IWM 182.02 6.37 176.15 224.2% ------- BLUE .142 .005 .147 --------------------------------------------------------------------------------------------- FAS 59.1 3.52 55.65 416.9% Bearish BLUE .146 .056 .202 --------------------------------------------------------------------------------------------- RETL 5.76 .63 5.57 298.3% Bearish BLUE .059 -.174 -.115 --------------------------------------------------------------------------------------------- SOXL 22.02 -.14 22.88 663.1% Bullish RED .225 .3 .525 --------------------------------------------------------------------------------------------- TECL 48.33 .85 46.59 579.2% Bullish ---- .227 .457 .684 --------------------------------------------------------------------------------------------- IBB 128.98 2.21 127.09 84.5% Bullish BLUE .184 -.01 .174 --------------------------------------------------------------------------------------------- GLD 181.05 -2.71 180.92 23.4% Bearish RED -.082 -.069 -.151 --------------------------------------------------------------------------------------------- DBO 14.13 .31 14.27 10.8% Bearish ---- .032 -.019 .013 --------------------------------------------------------------------------------------------- OIH 272.45 13.27 259.8 220.8% Bullish BLUE .059 -.031 .028 --------------------------------------------------------------------------------------------- CPER 22.98 .14 22.61 181.8% ------- RED -.048 -.124 -.172 --------------------------------------------------------------------------------------------- TAN 72.07 .59 70.77 102.5% ------- RED -.029 -.062 -.091 --------------------------------------------------------------------------------------------- UUP 28.57 .3 28.59 -5.3% Bullish BLUE .376 -.029 .347 --------------------------------------------------------------------------------------------- CORN 23.83 .34 23.62 204.2% Bullish BLUE .205 -.082 .123 --------------------------------------------------------------------------------------------- WEAT 6.32 .1 6.26 154.7% Bullish BLUE .186 -.12 .066 --------------------------------------------------------------------------------------------- YINN 35.64 2.87 33.65 550.8% ------- BLUE .051 -.191 -.14 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/2/23 Bullish = 24 Bearish = 24 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .888 .777 .666 .833 .777 .722 JETS .769 .615 .538 .461 .461 .461 COMPUTER .75 .55 .55 .55 .55 .5 BEVERAGE .714 .5 .5 .5 .5 .642 SEMI .712 .68 .627 .68 .659 .585 NIFTY .704 .681 .59 .522 .545 .431 SOFTWARE .696 .625 .625 .607 .607 .517 ELECTRON .684 .616 .571 .601 .586 .511 HIGHPRIC .679 .549 .48 .536 .545 .463 NASD-100 .65 .57 .54 .53 .58 .47 GREEN .647 .47 .294 .352 .411 .411 GUNS .642 .357 .357 .571 .571 .5 TRANSP .631 .526 .368 .578 .526 .578 INDEXES .605 .4 .308 .372 .383 .34 ETFS .6 .418 .327 .418 .472 .327 AUTO .584 .339 .301 .415 .452 .32 HOSPITAL .571 .428 .357 .357 .357 .285 DOWJONES .566 .466 .366 .366 .333 .233 HACKERS .562 .562 .562 .562 .562 .562 DJI-13 .538 .384 .384 .384 .384 .153 FINANCE .537 .35 .212 .312 .325 .275 FIDSTKS .514 .402 .337 .402 .408 .355 RUS-1000 .51 .375 .338 .37 .371 .324 BIOTECH .504 .447 .432 .412 .415 .412 =============================================================================================== MILITARY .5 .346 .23 .269 .269 .23 =============================================================================================== SP500 .486 .351 .299 .342 .361 .301 REIT .483 .319 .319 .286 .229 .172 GAMING .473 .315 .315 .421 .421 .368 CHEM .465 .186 .186 .186 .209 .209 RETAIL .456 .304 .282 .304 .304 .26 SP-100 .433 .355 .266 .333 .355 .277 INSURANC .4 .32 .28 .36 .32 .32 INFRA .393 .303 .303 .303 .303 .303 INDMATER .388 .18 .125 .152 .152 .166 SOLAR .375 .312 .25 .25 .312 .312 LOWPRICE .361 .329 .3 .292 .303 .297 UTILITY .307 .256 .256 .256 .256 .205 BIGBANKS .285 .285 .142 .428 .428 .285 FOOD .285 .408 .224 .224 .265 .244 OILGAS .268 .185 .144 .154 .164 .185 REGBANKS .261 .166 .119 .166 .166 .142 COMODITY .23 .384 .179 .205 .23 .23 GOLD .222 .377 .2 .133 .155 .155 CHINA .181 .181 .113 .136 .204 .113 COAL .166 .166 0 0 0 .166 EDU .166 .166 .166 .166 .166 .166 BONDFUND .149 .149 .126 .091 .045 .022 MARIJUAN .1 .1 .1 .1 0 0 COPPER 0 0 0 0 0 0 |
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Friday - 6:05 AM
-6/2/2023 DJI Futures +150
NASDAQ Fulures +100 Data
Used - 6/1/2023
6/1/2023
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Another very positive jobs number, +339,000, came out today. With the FED talking about a pause in their program of rate hikes, this has to be bullish. As you can see from our DJI indicators, a turning upwards in them is beginning. The Closing Power downtrend on DIA has been slightly broken. So, the DJI ought to rally past its resistance, its falling 21-day ma, and a rally back to 34000 where the real resistance is for the blue chips probably lies ahead. But for six months the DJI has fluctuated, of course, but essentially gone nowhere. Our approach here has to been to advocate hedging by being long the most bullish MAXCPs and sell short the weakest MINCPs. That has worked well using the Closing Power and Relative Strength trendlines to tell us when wide divergence in these stocks is shifting to another group. Contrast again today the uptrends of the big AI stocks and best performing chip stocks with collapsing Retail stocks that make up many of the bearish MINCPs. It's not hard to see why this is occurring. Retail stocks stocks are stagnating. Amazon makes shopping much easier. And the AI stocks are in the early stages of what will transform our society. I take that to be the real story now. Use our tools to take full advantage of this epic opportunity. |
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6/1/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90601.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs http://tigersoftware.com/upping/6-01-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/6-01-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 6/1/2023 --- Bullish = 3 QQQ (+.28), SOXL (+.505), TECL (.561) Bearish = 1 RETL (-.375) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 330.94 1.42 327.75 44.5% Bearish BLUE .095 ---- ----- --------------------------------------------------------------------------------------------- COMPQX 13100.98 165.69 12698.09 240.5% ------- BLUE .129 .088 .217 --------------------------------------------------------------------------------------------- SPY 421.82 3.97 414.65 128.7% ------- BLUE .113 .041 .154 --------------------------------------------------------------------------------------------- QQQ 352.01 4.02 339.72 296.3% Bullish BLUE .162 .118 .28 --------------------------------------------------------------------------------------------- MDY 443.97 3.82 442.26 17.6% Bearish BLUE -.022 -.026 -.048 --------------------------------------------------------------------------------------------- IWM 175.65 1.88 174.17 3.1% Bearish BLUE .011 -.022 -.011 --------------------------------------------------------------------------------------------- FAS 55.58 1.78 54.51 93.9% Bearish BLUE .052 -.044 .008 --------------------------------------------------------------------------------------------- RETL 5.13 .03 5.44 -609.3% Bearish BLUE -.11 -.266 -.376 --------------------------------------------------------------------------------------------- SOXL 22.16 1.01 19.15 1501.3% Bullish BLUE .192 .313 .505 --------------------------------------------------------------------------------------------- TECL 47.48 1.35 42.99 1006.4% Bullish BLUE .135 .426 .561 --------------------------------------------------------------------------------------------- IBB 126.77 .49 126.84 -98.7% Bearish BLUE .093 -.01 .083 --------------------------------------------------------------------------------------------- GLD 183.76 1.44 180.2 49.9% ------- BLUE .025 .002 .027 --------------------------------------------------------------------------------------------- DBO 13.82 .45 14.1 -218.1% Bearish BLUE -.047 .001 -.046 --------------------------------------------------------------------------------------------- OIH 259.18 12.4 261.12 -169.2% ------- BLUE -.06 -.075 -.135 --------------------------------------------------------------------------------------------- CPER 22.84 .22 22.16 201.1% Bullish BLUE -.051 -.083 -.134 --------------------------------------------------------------------------------------------- TAN 71.48 1.5 70.62 46.7% ------- BLUE -.018 -.051 -.069 --------------------------------------------------------------------------------------------- UUP 28.27 -.34 28.6 -35% Bullish RED .271 -.008 .263 --------------------------------------------------------------------------------------------- CORN 23.49 .39 22.88 99.3% Bullish BLUE .216 -.058 .158 --------------------------------------------------------------------------------------------- WEAT 6.22 .16 6.13 73.5% Bullish ---- .23 -.114 .116 --------------------------------------------------------------------------------------------- YINN 32.77 2.3 32.12 -237.1% ------- BLUE .076 -.216 -.14 --------------------------------------------------------------------------------------------- CORN 23.49 .39 22.88 99.3% Bullish BLUE .216 -.058 .158 --------------------------------------------------------------------------------------------- WEAT 6.22 .16 6.13 73.5% Bullish ---- .23 -.114 .116 --------------------------------------------------------------------------------------------- YINN 32.77 2.3 32.12 -237.1% ------- BLUE .076 -.216 -.14 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 6/1/23 Bullish = 11 Bearish = 36 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .777 .666 .833 .777 .722 .722 NIFTY .681 .59 .522 .545 .431 .431 SEMI .68 .627 .68 .659 .574 .5 SOFTWARE .625 .642 .607 .607 .535 .571 ELECTRON .616 .571 .601 .586 .503 .458 JETS .615 .538 .461 .461 .461 .461 NASD-100 .57 .54 .53 .58 .47 .48 HACKERS .562 .562 .562 .562 .562 .437 COMPUTER .55 .55 .55 .55 .5 .5 HIGHPRIC .549 .48 .536 .545 .463 .489 TRANSP .526 .368 .578 .526 .578 .578 ================================================================================================ BEVERAGE .5 .5 .5 .5 .642 .714 GREEN .5 .333 .333 .388 .388 .444 ================================================================================================ DOWJONES .466 .366 .366 .333 .233 .233 ===== BIOTECH .445 .43 .415 .415 .41 .477 HOSPITAL .428 .357 .357 .357 .285 .571 ETFS .418 .327 .418 .472 .363 .381 FOOD .408 .244 .204 .265 .244 .346 FIDSTKS .402 .337 .402 .408 .349 .349 INDEXES .4 .308 .372 .383 .335 .383 COMODITY .384 .205 .179 .23 .23 .307 DJI-13 .384 .384 .384 .384 .153 .153 GOLD .377 .2 .133 .155 .177 .288 RUS-1000 .375 .338 .37 .371 .321 .336 GUNS .357 .357 .571 .571 .5 .571 SP-100 .355 .266 .333 .355 .277 .322 SP500 .351 .299 .344 .357 .299 .314 FINANCE .35 .212 .312 .312 .262 .262 MILITARY .346 .23 .269 .269 .23 .269 AUTO .339 .32 .415 .452 .32 .32 LOWPRICE .329 .303 .295 .306 .3 .332 INSURANC .32 .28 .36 .32 .32 .32 REIT .319 .311 .295 .237 .163 .188 GAMING .315 .315 .368 .473 .368 .368 SOLAR .312 .25 .25 .312 .312 .312 RETAIL .304 .282 .304 .304 .26 .304 INFRA .303 .303 .303 .303 .303 .303 BIGBANKS .285 .142 .428 .428 .285 .285 UTILITY .256 .256 .256 .256 .205 .282 CHEM .186 .186 .186 .209 .209 .255 OILGAS .185 .144 .154 .164 .185 .309 CHINA .181 .113 .136 .204 .113 .113 INDMATER .18 .125 .152 .152 .166 .208 COAL .166 0 0 0 .166 .166 EDU .166 .166 .166 .166 .166 .166 REGBANKS .166 .119 .166 .166 .142 .166 BONDFUND .149 .114 .091 .057 .034 .022 MARIJUAN .1 .1 .1 0 0 .2 COPPER 0 0 0 0 0 0 |
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Thursday - 5:56 AM
-6/1/2023 DJI
Futures -108 NASDAQ Fulures -14 Data Used - 5/31/2023
6/31/2023
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The news of a
budget agreement and the prospects of a rate pause "should" be lifting the DJI now, but it is not. From a macro-economic point of view, the curbing of new government spending will now having a disinflationay impact on many areas of the economy, which are heavily dependent on the government. Meanwhile, interest rates remain high, too high to encourage private spending. Retailers are breaking down. See RETL and some of the weakest stocks in the group below and among the bearish MINCPs. Our hedging strategy has suggesting shorting these. Meanwhile, oil and gas stocks are comng down to their yearly lows and OIH and SLB show potential bearish head and shoulders patterncy to be unfolding. At the pump, gas prices keep falling. This reflects an economic slow-down in the making. Now even homebuilding stocks are in retreat from their recent highs. Presumably, they are finally being hurt by high interest rates coupled with the possibility of reduced subsidies to home-buyers as the Federal Government starts looking for ways to reduce its spending. The continued decline of the key Peerless technical indicators warns us that the DJI's 200-day ma may be broken below soon. Additional blue chip selling will surely follow that event. With only 1/3 of all stocks and just 37% of the DJI-30 stocks still above their 65-dma, there appears to be lots of resistance overhead if a rally should start again. It would be best now for us as traders to take advantage of the fact that there are more than four times as many new lows as new highs on the NYSE and the NASDAQ. We are long the strongest of the AI stocks and some semi-conductors, but only provided they do not show broken Closing Power and Relative Strength uptrend-liness. We are mindful of how the DJI made a very significant top in the year 2000, several months before the NASDAQ did. |
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5/30/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90531.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-31-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-31-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/30/2023 --- Bullish = 2 SOXL (+.420), TECL (.4923) Bearish = 3 RETL (-.344, YINN (-.345), OIH (-.268) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 329.52 -1 328.01 -16.5% Bearish BLUE .062 ---- ----- --------------------------------------------------------------------------------------------- COMPQX 12935.29 -82.14 12484.16 147.1% ------- RED .078 .085 .163 --------------------------------------------------------------------------------------------- SPY 417.85 -2.33 411.09 45.2% Bearish RED .07 .039 .109 --------------------------------------------------------------------------------------------- QQQ 347.99 -1.99 331.65 214.8% ------- RED .12 .115 .235 --------------------------------------------------------------------------------------------- MDY 440.15 -6.03 442.41 -72.9% Bearish RED -.068 -.023 -.091 --------------------------------------------------------------------------------------------- IWM 173.77 -1.73 175.54 -103.8% Bearish RED -.031 -.021 -.052 --------------------------------------------------------------------------------------------- FAS 53.8 -1.9 54.55 -266.1% Bearish RED -.01 -.013 -.023 --------------------------------------------------------------------------------------------- RETL 5.1 -.48 5.8 -646.7% Bearish RED -.094 -.24 -.334 --------------------------------------------------------------------------------------------- SOXL 21.15 -1.72 16.03 1080.7% ------- RED .169 .251 .42 --------------------------------------------------------------------------------------------- TECL 46.13 -1.19 38.56 777.1% ------- RED .084 .408 .492 --------------------------------------------------------------------------------------------- IBB 126.28 .11 129.28 -188.5% Bearish BLUE .02 -.019 .001 --------------------------------------------------------------------------------------------- GLD 182.32 .28 181.95 -30.5% ------- RED .085 -.031 .054 --------------------------------------------------------------------------------------------- DBO 13.37 -.39 14.43 -310.7% Bearish RED -.118 -.019 -.137 --------------------------------------------------------------------------------------------- OIH 246.78 -9.25 267.92 -360% Bearish RED -.175 -.093 -.268 --------------------------------------------------------------------------------------------- CPER 22.62 .06 21.94 49.3% ------- BLUE -.061 -.087 -.148 --------------------------------------------------------------------------------------------- TAN 69.98 -.83 70.82 -81.9% Bearish RED -.115 -.03 -.145 --------------------------------------------------------------------------------------------- UUP 28.61 .05 28.47 42.1% Bullish ---- .06 -.002 .058 --------------------------------------------------------------------------------------------- CORN 23.1 -.1 23.03 21.6% Bullish BLUE .233 -.089 .144 --------------------------------------------------------------------------------------------- WEAT 6.06 .02 6.13 -186.4% Bullish BLUE .173 -.162 .011 --------------------------------------------------------------------------------------------- YINN 30.47 -.29 34.3 -905.2% ------- BLUE .008 -.25 -.242 |
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TABLE 1 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/31/23 Bullish = 9 Bearish = 39 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .666 .833 .777 .722 .777 .833 big drop SOFTWARE .642 .625 .607 .535 .571 .553 SEMI .627 .68 .659 .574 .489 .585 NIFTY .59 .522 .545 .431 .431 .545 ELECTRON .571 .601 .586 .503 .451 .511 HACKERS .562 .562 .562 .562 .437 .312 COMPUTER .55 .55 .55 .5 .5 .6 NASD-100 .54 .53 .58 .47 .49 .57 JETS .538 .461 .461 .461 .461 .461 ================================================================================================= BEVERAGE .5 .5 .5 .642 .714 .785 ================================================================================================= HIGHPRIC .48 .536 .545 .463 .484 .536 BIOTECH .427 .412 .417 .41 .475 .527 DJI-13 .384 .384 .384 .153 .153 .384 TRANSP .368 .578 .526 .578 .578 .578 DOWJONES .366 .366 .333 .233 .233 .433 ----- GUNS .357 .571 .571 .5 .571 .642 HOSPITAL .357 .357 .357 .285 .571 .642 RUS-1000 .338 .37 .371 .321 .334 .396 FIDSTKS .337 .402 .408 .349 .349 .431 GREEN .333 .333 .388 .388 .388 .5 ETFS .327 .418 .472 .363 .4 .49 AUTO .32 .433 .452 .32 .32 .433 GAMING .315 .368 .421 .421 .368 .315 REIT .311 .286 .245 .172 .18 .295 INDEXES .308 .372 .383 .335 .383 .427 INFRA .303 .303 .303 .303 .303 .303 LOWPRICE .303 .297 .309 .303 .329 .332 SP500 .299 .344 .359 .295 .318 .388 RETAIL .282 .304 .304 .26 .304 .326 INSURANC .28 .36 .32 .32 .32 .36 SP-100 .266 .333 .355 .277 .322 .388 UTILITY .256 .256 .256 .205 .282 .307 SOLAR .25 .25 .312 .312 .312 .312 FOOD .244 .224 .244 .244 .367 .367 MILITARY .23 .269 .269 .23 .269 .346 FINANCE .212 .312 .312 .25 .262 .312 COMODITY .205 .205 .205 .23 .333 .307 GOLD .2 .133 .155 .177 .333 .377 CHEM .186 .186 .209 .209 .232 .372 EDU .166 .166 .166 .166 .166 .166 OILGAS .144 .154 .164 .185 .298 .309 BIGBANKS .142 .428 .428 .285 .285 .285 INDMATER .125 .152 .152 .166 .208 .277 REGBANKS .119 .166 .166 .142 .142 .166 BONDFUND .114 .08 .057 .045 .034 .068 CHINA .113 .136 .204 .113 .113 .136 MARIJUAN .1 .1 0 0 .2 .2 COAL 0 0 0 .166 .166 .166 COPPER 0 0 0 0 0 0 |
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Wednesday - 5:45 AM -5/31/2023 DJI Futures -162 NASDAQ
Fulures -7 Data Used - 5/30/2023
5/30/202
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Profit-taking today
brought reversals to the high-flying AI and semi-conductor stocks. Traders using classic rules of technical analysis will likely continue to take profits. But the leaders we have been posting charts of here still show rising Closing Powers and Relative Strength Lines, so my counsel is to hold long them for now. Their leaders MSFT and NVDA will be watched closely. Significantly, the DJI is much weaker. Only 37% of its components are above their 65-dma. This shows ample overhead resistance is still a factor. Accordingly, the DJI could not get back above its 21-day and 65-dma today. Almost all the DJI's internal strength indicators are falling. So the DJI must again test its 200-day ma and its rising price-trendline. Without a major Peerless Buy from our current version of Peerless, the Sell S12 still operates and tells us a deeper decline for much of the market still lies ahead before late June's typical bullishness kicks in. To hedge against more of a decline and the faillure of the Biden-McCarthy budget compromise being passed by Congress. Also feeding the bears will be the FED continuing to "talk tough" about more rate hikes. So, go short some of the numerous bearish MINCPs shown tonight. |
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5/30/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90530.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-30-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-30-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/26/2023 --- Bullish = 2 SOXL (+.617), TECL (.563) Bearish = 1 YINN (-.345) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 330.52 -.32 330.61 -36.1% Bearish RED .006 ----- ----- --------------------------------------------------------------------------------------------- COMPQX 13017.43 41.74 12560.25 116.9% ------- RED .084 .082 .166 --------------------------------------------------------------------------------------------- SPY 420.18 .16 414.09 16.7% Bearish RED .037 .04 .077 --------------------------------------------------------------------------------------------- QQQ 349.98 1.58 333.36 182.5% ------- RED .134 .108 .242 --------------------------------------------------------------------------------------------- MDY 446.18 -.6 446.64 -56.9% Bearish RED -.079 -.008 -.087 --------------------------------------------------------------------------------------------- IWM 175.5 -.65 177.42 -78.3% Bearish RED -.044 -.013 -.057 --------------------------------------------------------------------------------------------- FAS 55.7 .05 56.75 -288.9% Bearish RED -.048 .043 -.005 --------------------------------------------------------------------------------------------- RETL 5.58 .01 5.83 -297.6% Bearish ---- -.069 -.175 -.244 --------------------------------------------------------------------------------------------- SOXL 22.87 -.01 16.92 1443.1% Bullish RED .237 .38 .617 --------------------------------------------------------------------------------------------- TECL 47.32 .73 39.45 726.6% Bullish RED .123 .44 .563 --------------------------------------------------------------------------------------------- IBB 126.17 -.92 131.11 -192.9% Bearish RED .039 -.024 .015 --------------------------------------------------------------------------------------------- GLD 182.04 1.12 183.43 -32.2% ------- BLUE .075 -.047 .028 --------------------------------------------------------------------------------------------- DBO 13.76 -.51 14.25 -102% Bearish RED -.051 .013 -.038 --------------------------------------------------------------------------------------------- OIH 256.03 -3.77 265.65 -167.5% Bearish BLUE -.105 -.044 -.149 --------------------------------------------------------------------------------------------- CPER 22.56 -.05 22.4 -20.1% Bullish ---- -.161 -.088 -.249 --------------------------------------------------------------------------------------------- TAN 70.81 .04 71.14 -37.4% Bearish RED -.169 -.018 -.187 --------------------------------------------------------------------------------------------- UUP 28.56 -.03 28.37 47.4% Bullish ---- .135 -.025 .11 --------------------------------------------------------------------------------------------- CORN 23.2 -.42 23 123.7% ------- RED .209 -.101 .108 --------------------------------------------------------------------------------------------- WEAT 6.04 -.22 6.29 -72.7% ------- RED .064 -.193 -.129 --------------------------------------------------------------------------------------------- YINN 30.76 -2.89 36.53 -1316.1% Bearish RED -.084 -.261 -.345 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/30/23 Bulliah = 11 Bearish = 37 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .833 .777 .722 .777 .833 .833 SEMI .68 .659 .574 .489 .574 .606 SOFTWARE .625 .625 .535 .571 .553 .607 ELECTRON .601 .586 .503 .451 .503 .526 TRANSP .578 .526 .578 .578 .578 .578 GUNS .571 .571 .5 .571 .642 .714 HACKERS .562 .562 .562 .437 .312 .437 COMPUTER .55 .55 .5 .5 .6 .55 HIGHPRIC .536 .545 .463 .484 .523 .653 NASD-100 .53 .58 .47 .49 .57 .65 NIFTY .522 .545 .431 .431 .568 .659 =================================================================================================== BEVERAGE .5 .5 .642 .714 .785 .785 ==================================================================================================== JETS .461 .461 .461 .461 .461 .615 AUTO .433 .471 .32 .32 .433 .49 BIGBANKS .428 .428 .285 .285 .285 .285 ETFS .418 .472 .363 .4 .509 .654 BIOTECH .41 .415 .412 .475 .522 .534 FIDSTKS .402 .408 .349 .349 .426 .52 DJI-13 .384 .384 .153 .153 .384 .384 INDEXES .372 .383 .335 .383 .432 .529 RUS-1000 .37 .371 .321 .334 .394 .455 GAMING .368 .421 .368 .421 .315 .421 DOWJONES .366 .333 .233 .233 .433 .466 ===== INSURANC .36 .32 .32 .32 .36 .44 HOSPITAL .357 .357 .285 .571 .642 .642 SP500 .344 .359 .297 .314 .39 .451 GREEN .333 .388 .388 .388 .555 .555 SP-100 .333 .355 .277 .322 .388 .433 FINANCE .312 .312 .25 .25 .3 .337 RETAIL .304 .304 .26 .304 .326 .326 INFRA .303 .303 .303 .303 .303 .303 LOWPRICE .297 .312 .306 .332 .329 .315 REIT .286 .237 .18 .188 .27 .262 MILITARY .269 .269 .23 .269 .346 .461 UTILITY .256 .256 .205 .282 .307 .358 SOLAR .25 .312 .312 .312 .375 .437 FOOD .224 .265 .224 .367 .367 .448 COMODITY .205 .23 .205 .333 .307 .41 CHEM .186 .209 .209 .232 .372 .372 EDU .166 .166 .166 .166 .166 .166 REGBANKS .166 .166 .142 .142 .166 .142 OILGAS .154 .164 .185 .298 .288 .298 INDMATER .152 .152 .166 .208 .277 .277 CHINA .136 .204 .113 .113 .136 .113 GOLD .133 .155 .177 .333 .4 .466 MARIJUAN .1 0 0 .2 .2 .3 BONDFUND .08 .045 .045 .045 .08 .091 COAL 0 0 .166 .166 .166 .166 COPPER 0 0 0 0 0 0 |
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Tuesday - 6:04 AM -5-30/2023 DJI Futures + 6 NASDAQ Fulures + 193 Data Used - 5/26 |
5/26/2023
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The DJI is
still below its 21-day ma and only shows short-term breadth NC buys. It key indicators are nearly all falling. But the DJI is not the story here, though bulls are clearly hoping Congress will pass the Biden-McCarthy budget accord and the DJI will then take off on high volume and complete a bullish inverted head/shoulders pattern, which might allow it to play catch up with the rocketing semi-conductors and AI stocks, that are real story here. See how the bullish MAXCPs are nearly all semi-conductor and AI stocks. And all these show what may become breakaway gaps on high volume. Their group strength is extraordinary. Until we see contrary evidence, we should hold them tight. Bull market stocks make selling very easy. Hold tight. This is the dawning of the age of artificial intelligence. There are not many bearish MINCPs. And those we are short, we should cover when their Closing Powers and Relative Strength Lines break their downtrends. It is still possible that Congress will not pass the Biden-McCarthy budget, such are the political divisions in America. If that happens I would expect the stocks that are on the verge of breaking key support (or have just done so in a minor way) to sell off badly. The semi-conductors, SOXL, TECL and QQQ show such high relative strength (ITRS), it is not clear that they will fall back much even if the DJI should reverse back down. |
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5/26/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90526.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-26-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-26-2023/BEARISH.htm |
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Table 2 QUICKSILVER on ETFS - 5/26/2023 --- Bullish = 3 QQQ(+.33), SOXL (+.708), TECL (.672) Bearish = 1 RETL (-.309) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 330.84 3.09 332.9 -50.7% Bearish BLUE .045 --------------- --------------------------------------------------------------------------------------------- COMPQX 12975.69 277.6 12720.78 125.9% ------- BLUE .16 .084 .244 --------------------------------------------------------------------------------------------- SPY 420.02 5.37 418.79 16.8% ------- BLUE .099 .037 .136 --------------------------------------------------------------------------------------------- QQQ 348.4 8.68 337.64 177.1% Bullish BLUE .221 .112 .333 --------------------------------------------------------------------------------------------- MDY 446.78 4.52 451.25 -22.6% Bearish BLUE -.027 -.018 -.045 --------------------------------------------------------------------------------------------- IWM 176.15 1.98 178.26 1.1% Bearish BLUE .001 -.023 -.022 --------------------------------------------------------------------------------------------- FAS 55.65 1.14 58.94 -259.4% Bearish BLUE -.013 -.051 -.064 --------------------------------------------------------------------------------------------- RETL 5.57 .13 5.92 -259.9% Bearish BLUE -.09 -.219 -.309 --------------------------------------------------------------------------------------------- SOXL 22.88 3.73 17.53 1577.2% Bullish BLUE .338 .37 .708 --------------------------------------------------------------------------------------------- TECL 46.59 3.6 41.25 682.5% Bullish BLUE .247 .425 .672 --------------------------------------------------------------------------------------------- IBB 127.09 .25 131.15 -115.3% ------- BLUE .09 -.021 .069 --------------------------------------------------------------------------------------------- GLD 180.92 .72 183.21 -74.5% ------- RED .064 -.01 .054 --------------------------------------------------------------------------------------------- DBO 14.27 .17 14.05 74.1% Bearish ---- -.015 .045 .03 --------------------------------------------------------------------------------------------- OIH 259.8 -1.32 264.87 -4% Bearish RED -.11 -.045 -.155 --------------------------------------------------------------------------------------------- CPER 22.61 .45 22.65 -71.4% Bearish BLUE -.174 -.065 -.239 --------------------------------------------------------------------------------------------- TAN 70.77 .15 71.34 46.6% ------- BLUE -.094 -.044 -.138 --------------------------------------------------------------------------------------------- UUP 28.59 -.01 28.29 56.3% Bullish ---- .11 -.015 .095 --------------------------------------------------------------------------------------------- CORN 23.62 .74 22.63 296.5% ------- BLUE .272 -.067 .205 ------------------------------------------------------------------------------------- -------- WEAT 6.26 .13 6.13 97.3% Bullish ---- .132 -.139 -.007 --------------------------------------------------------------------------------------------- YINN 33.65 1.53 40.06 -635.8% ------- BLUE -.025 -.18 -.205 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/26/23 Bullish = 11 Bearish = 37 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .777 .722 .777 .833 .833 .833 SEMI .659 .574 .489 .574 .574 .553 SOFTWARE .625 .553 .571 .553 .607 .553 ELECTRON .586 .503 .451 .503 .511 .503 NASD-100 .58 .47 .49 .57 .64 .61 GUNS .571 .5 .571 .642 .714 .714 HACKERS .562 .562 .437 .312 .437 .375 COMPUTER .55 .5 .5 .6 .55 .6 HIGHPRIC .545 .463 .484 .523 .645 .601 NIFTY .545 .431 .431 .568 .659 .636 TRANSP .526 .578 .578 .578 .578 .578 ============================================================================================== BEVERAGE .5 .642 .714 .785 .785 .857 ============================================================================================== ETFS .472 .363 .4 .509 .672 .654 AUTO .471 .339 .32 .433 .49 .358 JETS .461 .461 .461 .461 .538 .615 BIGBANKS .428 .285 .285 .285 .285 .142 GAMING .421 .368 .368 .368 .421 .473 BIOTECH .412 .41 .477 .522 .524 .48 FIDSTKS .408 .349 .349 .426 .508 .52 GREEN .388 .388 .388 .555 .555 .444 DJI-13 .384 .153 .153 .384 .384 .538 INDEXES .383 .335 .383 .432 .529 .481 RUS-1000 .371 .321 .334 .394 .446 .43 SP500 .359 .297 .316 .386 .447 .451 HOSPITAL .357 .285 .571 .642 .642 .642 SP-100 .355 .277 .322 .388 .422 .466 DOWJONES .333 .233 .233 .433 .466 .566 INSURANC .32 .32 .32 .36 .44 .52 FINANCE .312 .25 .25 .287 .325 .3 LOWPRICE .312 .309 .335 .332 .315 .303 SOLAR .312 .312 .312 .375 .437 .25 RETAIL .304 .26 .304 .326 .326 .347 INFRA .303 .303 .303 .303 .303 .303 MILITARY .269 .23 .269 .346 .423 .384 FOOD .265 .244 .346 .367 .448 .489 UTILITY .256 .205 .282 .307 .358 .333 REIT .237 .172 .196 .278 .254 .229 COMODITY .23 .23 .307 .307 .41 .461 CHEM .209 .209 .232 .372 .372 .348 CHINA .204 .113 .113 .136 .113 .159 EDU .166 .166 .166 .166 .166 .166 REGBANKS .166 .142 .142 .166 .142 .071 OILGAS .164 .185 .298 .288 .278 .216 GOLD .155 .177 .333 .4 .466 .555 INDMATER .152 .166 .208 .277 .277 .236 BONDFUND .045 .034 .045 .091 .103 .08 COAL 0 .166 .166 .166 .166 .166 COPPER 0 0 0 0 0 0 MARIJUAN 0 0 .2 .2 .3 .1 |
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Friday - 5/26/2023 - 6:10 AM Futures
DJI +40 NASDAQ +65 Data used 5/25/2023
5/25/2023
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The DJI is trying to gather support at its 6-month uptrend-line and its 200-day ma. The old 2006 version of Peerless has generated a Buy B8. The Help routine for the old version of Peerless says that these minor P-I non-confirmation signals work out well about 75% of the time and are quite capable of bringing a rally to the upper band, provided the overhead supply of stock from a higher broken support does not interfere with a rally attempt. Unfortunately for the bulls who want to trade DIA, we can see there is, in fact, overhead resistance now at 33000. So, the old B8 signal seems dubious. Much will depend upon the Biden-McCarthy budget discussions. Bonds and utilities, which are most sensitive to these developments, are still in in short-term declines. And RETL, the ETF representing retails stocks, today broke below well-tested support. Consumers are not confident and big retailers like Macy's, which broke down, too, have real problems luring them into the big mall stores. I have already suggested hedging AI and tech stock longs with shorts in the weakest retailers. Our MINCPs show many such stocks now. Meanwhile, the bullish MAXCPs are packed with semi-conductors that jumped upward today in response to NVDA's much higher earnings projections. See the fine-looking flat top breakout in SOXL. See how its volume rose to confirm the breakout. Its upward-trending Closing Power and Relative Strength Lines should now guide us as to how long to ride this rally. The very high ITRS, Relative Strength, readings for TECL, show us that techs generally and artificial intelligence/ semi-conductors, in particular, are where we should be long. The market as a whole is nowhere near this strong. Only 32% of all stocks are above their 65-dma. This shows lots of overhead resistance. The same is true for the DJI. Not making the headlines is the collapse of the Carl Icahn empire. See IEP below. This will have far-reaching consequences for the the stocks he may be forced to sell and for Morgan Stanley which has bankrolled IEP. |
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5/25/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90525.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-25-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-25-2023/BEARISH.htm |
Table 1 - Daily Breadth
and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/25/2023 --- Bullish = 3 QQQ(+.33), SOXL (+.616), TECL (.665) Bearish = 1 RETL (-.320) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 327.75 -.26 334.19 -125% Bearish RED .053 --------------- --------------------------------------------------------------------------------------------- COMPQX 12698.09 213.93 12657.9 3.7% ------- RED .17 .085 .255 --------------------------------------------------------------------------------------------- SPY 414.65 3.56 418.62 -55% ------- RED .109 .039 .148 --------------------------------------------------------------------------------------------- QQQ 339.72 8.07 336.51 36.5% Bullish BLUE .222 .111 .333 --------------------------------------------------------------------------------------------- MDY 442.26 -.15 448.8 -118.5% Bearish RED -.03 -.017 -.047 --------------------------------------------------------------------------------------------- IWM 174.17 -1.37 176.11 -85.4% Bearish RED .009 -.022 -.013 --------------------------------------------------------------------------------------------- FAS 54.51 -.04 58.59 -416.5% Bearish BLUE 0 -.018 -.018 --------------------------------------------------------------------------------------------- RETL 5.44 -.36 5.87 -934% Bearish RED -.101 -.219 -.32 --------------------------------------------------------------------------------------------- SOXL 19.15 3.12 17.39 432.5% Bullish BLUE .338 .278 .616 --------------------------------------------------------------------------------------------- TECL 42.99 4.43 41.04 227.1% Bullish BLUE .241 .424 .665 --------------------------------------------------------------------------------------------- IBB 126.84 -2.44 130.08 -81.8% ------- RED .111 -.02 .091 --------------------------------------------------------------------------------------------- GLD 180.2 -1.75 183.64 -44.9% ------- RED .086 -.015 .071 --------------------------------------------------------------------------------------------- DBO 14.1 -.33 14.06 -3.5% Bearish RED -.02 .033 .013 --------------------------------------------------------------------------------------------- OIH 261.12 -6.8 260.01 35.3% Bearish RED -.082 -.032 -.114 --------------------------------------------------------------------------------------------- CPER 22.16 .22 22.93 -133.1% Bearish BLUE -.155 -.091 -.246 --------------------------------------------------------------------------------------------- TAN 70.62 -.2 70.11 -10.6% ------- RED -.086 -.061 -.147 --------------------------------------------------------------------------------------------- UUP 28.6 .13 28.27 44.1% Bullish BLUE .088 -.018 .07 --------------------------------------------------------------------------------------------- CORN 22.88 -.15 22.27 143.6% ------- RED .062 -.095 -.033 --------------------------------------------------------------------------------------------- WEAT 6.13 0 6.14 -32.4% Bullish ---- .126 -.162 -.036 --------------------------------------------------------------------------------------------- YINN 32.12 -2.18 38.26 -915.4% ------- RED -.037 -.191 -.228 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/25/23 Bullish = 7 Bearish = 40 Only 23% of DJI-30 are above their 30-week ma. --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .722 .777 .833 .833 .833 .888 BEVERAGE .642 .714 .785 .785 .857 .857 TRANSP .578 .578 .578 .578 .578 .631 SEMI .574 .489 .574 .574 .542 .585 HACKERS .562 .437 .312 .437 .375 .5 SOFTWARE .553 .589 .553 .607 .553 .553 ELECTRON .503 .451 .503 .511 .496 .511 ================================================================================================ COMPUTER .5 .5 .6 .55 .6 .55 GUNS .5 .571 .642 .714 .714 .714 ================================================================================================ NASD-100 .47 .49 .57 .64 .61 .61 HIGHPRIC .463 .484 .523 .645 .593 .606 JETS .461 .461 .461 .538 .615 .615 NIFTY .431 .431 .568 .659 .636 .613 BIOTECH .407 .475 .524 .524 .48 .455 GREEN .388 .388 .555 .555 .444 .5 GAMING .368 .368 .315 .473 .473 .473 ETFS .363 .4 .509 .672 .672 .618 FIDSTKS .349 .349 .426 .508 .502 .502 AUTO .339 .339 .433 .49 .339 .415 INDEXES .335 .383 .432 .529 .47 .508 RUS-1000 .321 .334 .394 .446 .423 .441 INSURANC .32 .32 .36 .44 .52 .56 SOLAR .312 .312 .375 .437 .25 .312 LOWPRICE .309 .338 .335 .318 .303 .306 INFRA .303 .303 .303 .303 .303 .333 SP500 .297 .316 .388 .443 .451 .443 BIGBANKS .285 .285 .285 .285 .142 .142 HOSPITAL .285 .571 .642 .642 .642 .642 SP-100 .277 .322 .388 .422 .466 .433 RETAIL .26 .304 .326 .326 .347 .434 FINANCE .25 .25 .287 .312 .3 .3 FOOD .244 .367 .346 .448 .489 .408 DOWJONES .233 .233 .433 .466 .566 .5 ===== COMODITY .23 .333 .282 .41 .461 .384 MILITARY .23 .269 .346 .423 .384 .461 CHEM .209 .232 .372 .372 .348 .348 UTILITY .205 .282 .307 .358 .358 .358 OILGAS .185 .298 .288 .278 .206 .185 GOLD .177 .333 .4 .466 .555 .466 REIT .172 .188 .286 .262 .221 .245 COAL .166 .166 .166 .166 .166 .166 EDU .166 .166 .166 .166 .166 .166 INDMATER .166 .208 .277 .277 .236 .263 DJI-13 .153 .153 .384 .384 .538 .461 REGBANKS .142 .142 .166 .142 .071 .119 CHINA .113 .113 .136 .113 .159 .159 BONDFUND .034 .034 .091 .114 .091 .114 COPPER 0 0 0 0 0 0 MARIJUAN 0 .2 .2 .3 .1 .2 |
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Thursday - 5/25/2023 - 6:03 AM Futures DJI -60 NASDAQ +257 Data used 5/24/2023
5/24/2023
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The
weak DJI has dropped down to its still rising 200-day ma. Its falling internals and the Peerless S12 are vindicated. But the DJIA is not the story. The really big story today is that bullish artificial intelligence stocks, especially NVDA, MSFT and GOOG will likely make great leaps upward today as NVDA's earnings, just reported, were 50% higher than even the bulls expected. As a result, NVDA is now 25% higher. Since NVDA is a very big component of the SP-500 and QQQ, the tech sector should be up very sharply. One would think that this will help the market as a whole. But the budget impasse remains a bearish force in many sectors. Bonds and utilities tumbled today. And the prospects of higher interest rates as a result of a credit default by the Federal Government and non-payments to those due payments in June are weighing heavily on the Retail secor and now Reits, too. The RETL ETFs remains on the verge of a serious price breakdown. Many of its components are already making new lows. Watch M (Macy's) in this regard, too. And then there's Carl Icahn, who with the help of Jeffers and Morgan Stanley has for years been luring in new dividend seekers into to his overpriced but now collapsing IEP stock. The problem now is as his stock drops, its threatens huge margin calls on Icahn from Morgan Stanley and is also likely to dry up the source of fresh funds from new investors to pay the huge IEP dividends, that are presently $2.00 per share each quarter. It's hard not to see this as a "Ponzi scheme", which is being exposed now in a weak general market, just as always seems to happen. Icahn has made a lot of enemies over the years. This ugly story is not going to go away any time soon. And it exposes a most unflattering aspect of Wall Street's inner workings. |
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5/24/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90524.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-24-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-24-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2
QUICKSILVER on ETFS - 5/24/2023 ---Bullish = 3 QQQ(+.26), SOXL (+.298), TECL (.445) Bearish = 2 RETL (-.261), CPER(-.308) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 328.01 -2.6 336.06 -98.9% Bearish RED -.005 --------------- --------------------------------------------------------------------------------------------- COMPQX 12484.16 -76.09 12688.84 -6.5% ------- BLUE .112 .074 .186 --------------------------------------------------------------------------------------------- SPY 411.09 -3 419.23 -49.6% ------- RED .065 .031 .096 --------------------------------------------------------------------------------------------- QQQ 331.65 -1.71 337.27 7.9% ------- BLUE .163 .097 .26 --------------------------------------------------------------------------------------------- MDY 442.41 -4.23 452.89 -76.5% Bearish RED -.087 -.031 -.118 --------------------------------------------------------------------------------------------- IWM 175.54 -1.88 177.19 -16.4% Bearish RED -.025 -.024 -.049 --------------------------------------------------------------------------------------------- FAS 54.55 -2.2 59.31 -306% Bearish RED -.043 -.092 -.135 --------------------------------------------------------------------------------------------- RETL 5.8 -.03 6.56 -578.4% Bearish RED -.093 -.168 -.261 --------------------------------------------------------------------------------------------- SOXL 16.03 -.89 17.67 -32.1% Bullish BLUE .263 .035 .298 --------------------------------------------------------------------------------------------- TECL 38.56 -.89 41.16 -27.3% ------- BLUE .161 .284 .445 --------------------------------------------------------------------------------------------- IBB 129.28 -1.83 128.97 -1.9% ------- RED .126 0 .126 --------------------------------------------------------------------------------------------- GLD 181.95 -1.48 181.84 -62.2% ------- RED .09 .011 .101 --------------------------------------------------------------------------------------------- DBO 14.43 .18 14.11 74.3% Bearish ---- -.083 .019 -.064 --------------------------------------------------------------------------------------------- OIH 267.92 2.27 259.26 233.8% Bearish BLUE -.129 -.073 -.202 --------------------------------------------------------------------------------------------- CPER 21.94 -.46 22.76 -246% Bearish RED -.186 -.122 -.308 --------------------------------------------------------------------------------------------- TAN 70.82 -.32 70.77 -59.2% ------- ---- -.162 -.082 -.244 --------------------------------------------------------------------------------------------- UUP 28.47 .1 28.35 58.3% Bullish BLUE .094 -.005 .089 --------------------------------------------------------------------------------------------- CORN 23.03 .03 22.23 184.7% ------- ---- .049 -.082 -.033 --------------------------------------------------------------------------------------------- WEAT 6.13 -.16 6.17 -128.9% ------- RED .093 -.15 -.057 --------------------------------------------------------------------------------------------- YINN 34.3 -2.23 39.01 -811.2% ------- RED -.028 -.163 -.191 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/24/23 Bullish = 6 Bearish = 42 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .777 .833 .833 .833 .888 .833 BEVERAGE .714 .785 .785 .857 .857 .857 SOFTWARE .589 .571 .607 .553 .553 .5 TRANSP .578 .578 .578 .578 .631 .578 GUNS .571 .642 .714 .714 .714 .714 HOSPITAL .571 .642 .642 .642 .642 .642 ============================================================================================= COMPUTER .5 .6 .55 .6 .55 .45 ============================================================================================= NASD-100 .49 .57 .64 .61 .61 .55 SEMI .489 .574 .574 .542 .563 .5 HIGHPRIC .484 .523 .645 .593 .61 .567 BIOTECH .472 .522 .527 .48 .45 .497 JETS .461 .461 .538 .615 .615 .615 ELECTRON .451 .503 .511 .496 .496 .458 HACKERS .437 .312 .437 .375 .5 .437 NIFTY .431 .568 .659 .636 .613 .5 ETFS .4 .509 .672 .672 .636 .654 GREEN .388 .555 .555 .444 .5 .666 INDEXES .383 .432 .529 .47 .502 .475 GAMING .368 .315 .421 .526 .473 .473 FOOD .367 .367 .428 .489 .408 .51 FIDSTKS .349 .426 .508 .502 .502 .449 AUTO .339 .452 .49 .339 .396 .358 LOWPRICE .338 .338 .32 .306 .303 .306 RUS-1000 .334 .394 .446 .423 .44 .404 COMODITY .333 .307 .384 .461 .384 .487 GOLD .333 .4 .466 .555 .488 .622 SP-100 .322 .388 .422 .466 .433 .411 INSURANC .32 .36 .44 .52 .56 .48 SP500 .316 .388 .445 .447 .447 .404 SOLAR .312 .375 .437 .25 .312 .312 RETAIL .304 .326 .326 .347 .434 .391 INFRA .303 .303 .303 .303 .333 .333 OILGAS .298 .288 .278 .206 .185 .185 BIGBANKS .285 .285 .285 .142 .142 .142 UTILITY .282 .307 .358 .358 .358 .41 MILITARY .269 .346 .423 .384 .461 .423 FINANCE .25 .287 .312 .287 .3 .287 DOWJONES .233 .433 .466 .566 .5 .466 ===== CHEM .232 .372 .372 .348 .348 .279 INDMATER .208 .277 .277 .236 .25 .222 MARIJUAN .2 .2 .3 .1 .2 .2 REIT .188 .278 .27 .229 .213 .229 COAL .166 .166 .166 .166 .166 0 EDU .166 .166 .166 .166 .166 .166 DJI-13 .153 .384 .384 .538 .461 .461 REGBANKS .142 .166 .142 .071 .119 .119 CHINA .113 .136 .113 .159 .159 .181 BONDFUND .034 .08 .114 .103 .126 .183 COPPER 0 0 0 0 0 0 |
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Wednesday - 5/24/2023 - 6:04 AM Futures DJI -127 NASDAQ -57 Data used 5/23/2023
5/23/2023
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Now we will see if the 30 blue chips in the DJI can lead the market down like it did earlier lead them up. All the DJI's internal strength indicators are falling and we do still see an unreversed Peerless Sell. A decline now would be in keeping with the 2011 experience when the Budget talks were stalling as the deadline for Federal unfunded payments came due. That brought a 16% DJI decline from the highs then. A decline now would also be Wall Street's way of showing the politicians in Washington DC how risky a US Government default would be. Such "theater" has worked before, as when in 1962, it got JFK to drop taxes sharply on corporations and the wealthy to end the the big sell-off of that year. Will it work now. Biden and his comrades may use the XIVth Amendment. That would force the Supreme Court to intervene. Would they really stop social security payments, etc? This would cause a huge political storm. 33000 is the psychological support that is imperil right now. Below that, there is support at the DJI's 200-day ma, a little lower. And the A/D Line will not confirm such a breakdown. So, depending on breadth later this week, we may see a Peerless Buy signal. Much will depend on whether additional key supports are broken elsewhere in the market, notably RETL and Macy's, AMGEN in the DJI, Northrop (NOC) and QCOM, for example. See how the leading sectors anticipate a DJI breakdown. Homebuilders fell further. They, no doubt, sensed a bigger DJI slide. Short sales in retail stocks will initiated if RETL's key support gives way.. A breakdown will put much more pressure on the tech leadership. Note the high ITRS (relative strength) scores still of the NASDAQ (COMPQX), QQQ and TECL. Even MSFT, GOOG and NVDA, the AI leaders should fall back to their 21-day moving averages. More than that cannot be predicted. Their Closing Powers and Relative Strength Lines are still rising. Watch how the Icahn drama unfolds. Wall Street depends on investor confidence. If IEP (Icahn Enterprises) continues to fall, that will mean margin calls on its central owner, Cark Icahn. If these margin calls cannot be met, look for a breakdown in Morgan Stanley, one of Wall Street's biggest banks. The press has largely avoided comparing Icahn with Bernie Madoff-with-all-their money. But a by failure such a stalwart in Wall Street may lie ahead. |
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5/23/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90523.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH HOV MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Carl Icahn and associates: IEP MS JEF Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-23-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-23-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/23/2023 --- Bullish = 2 SOXL (+.340), TECL (.491) Bearish = 4 RETL (-.313), OIH(-.266), TAN (-.287), CPER(-.267) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 330.61 -2.29 334.61 3.9% Bearish RED -.016 --------------- --------------------------------------------------------------------------------------------- COMPQX 12560.25 -160.53 12500.57 86.3% ------- RED .054 .086 .14 --------------------------------------------------------------------------------------------- SPY 414.09 -4.7 415.23 46.1% Bearish RED .014 .038 .052 --------------------------------------------------------------------------------------------- QQQ 333.36 -4.28 331.12 92.8% ------- RED .097 .11 .207 --------------------------------------------------------------------------------------------- MDY 446.64 -4.61 449.29 58.2% Bearish RED -.107 -.021 -.128 --------------------------------------------------------------------------------------------- IWM 177.42 -.84 176.12 146% Bearish RED -.062 -.013 -.075 --------------------------------------------------------------------------------------------- FAS 56.75 -2.19 58.12 170.8% Bearish RED -.06 -.016 -.076 --------------------------------------------------------------------------------------------- RETL 5.83 -.09 6.51 -145.8% Bearish ---- -.135 -.178 -.313 --------------------------------------------------------------------------------------------- SOXL 16.92 -.61 16.14 558% Bullish RED .17 .17 .34 --------------------------------------------------------------------------------------------- TECL 39.45 -1.8 38.78 268.1% Bullish RED .104 .387 .491 --------------------------------------------------------------------------------------------- IBB 131.11 -.04 129.33 79.8% ------- BLUE .102 .009 .111 --------------------------------------------------------------------------------------------- GLD 183.43 .22 184.23 -39.2% ------- BLUE .143 -.006 .137 --------------------------------------------------------------------------------------------- DBO 14.25 .2 14.22 174.5% Bearish ---- -.135 -.045 -.18 --------------------------------------------------------------------------------------------- OIH 265.65 .78 255.71 321.6% Bearish RED -.173 -.093 -.266 --------------------------------------------------------------------------------------------- CPER 22.4 -.25 23.06 -21.9% ------- RED -.137 -.13 -.267 --------------------------------------------------------------------------------------------- TAN 71.14 -.2 71.66 10.6% ------- RED -.197 -.09 -.287 --------------------------------------------------------------------------------------------- UUP 28.37 .08 28.14 49.6% Bullish ---- .076 -.027 .049 --------------------------------------------------------------------------------------------- CORN 23 .37 22.2 87.1% ------- BLUE .06 -.095 -.035 --------------------------------------------------------------------------------------------- WEAT 6.29 .16 6.29 -160.2% Bearish BLUE .125 -.132 -.007 -------------------------------------------------------------------------------------------- YINN 36.53 -3.53 40.61 -682.7% ------- RED -.033 -.108 -.141 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/23/23 BULLISH = 15 Bearish = 34 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .833 .833 .833 .888 .833 .722 BEVERAGE .785 .785 .857 .857 .857 .785 GUNS .642 .714 .714 .714 .714 .571 HOSPITAL .642 .642 .642 .642 .642 .642 COMPUTER .6 .55 .6 .55 .45 .45 TRANSP .578 .578 .578 .631 .578 .368 SEMI .574 .574 .542 .563 .489 .372 SOFTWARE .571 .625 .553 .553 .5 .446 NASD-100 .57 .64 .61 .61 .55 .5 NIFTY .568 .659 .636 .613 .5 .409 GREEN .555 .555 .444 .5 .666 .5 HIGHPRIC .523 .645 .593 .61 .562 .497 BIOTECH .519 .524 .482 .45 .487 .437 ETFS .509 .672 .672 .636 .672 .581 ELECTRON .503 .511 .496 .496 .451 .383 =============================================================================================== JETS .461 .538 .615 .615 .615 .23 AUTO .452 .509 .339 .396 .358 .207 DOWJONES .433 .466 .566 .5 .466 .366 ===== INDEXES .432 .529 .47 .502 .47 .378 FIDSTKS .426 .508 .502 .502 .449 .378 GOLD .4 .466 .555 .488 .622 .622 RUS-1000 .394 .446 .423 .44 .4 .354 SP-100 .388 .422 .466 .433 .411 .344 SP500 .388 .445 .449 .443 .406 .351 DJI-13 .384 .384 .538 .461 .461 .384 SOLAR .375 .437 .25 .312 .312 .187 CHEM .372 .372 .348 .348 .279 .232 FOOD .367 .448 .469 .408 .489 .469 INSURANC .36 .44 .52 .56 .44 .4 MILITARY .346 .423 .384 .461 .423 .269 LOWPRICE .338 .323 .309 .306 .303 .277 RETAIL .326 .326 .347 .434 .391 .282 GAMING .315 .421 .473 .526 .473 .473 HACKERS .312 .437 .375 .5 .437 .312 COMODITY .307 .41 .435 .384 .461 .461 UTILITY .307 .358 .358 .358 .41 .487 INFRA .303 .303 .303 .333 .333 .333 OILGAS .288 .278 .206 .185 .185 .134 FINANCE .287 .312 .287 .287 .287 .212 BIGBANKS .285 .285 .142 .142 .142 0 REIT .278 .262 .237 .221 .213 .172 INDMATER .277 .277 .236 .25 .208 .194 MARIJUAN .2 .3 .1 .2 .2 .1 COAL .166 .166 .166 .166 0 0 EDU .166 .166 .166 .166 .166 .166 REGBANKS .166 .142 .071 .119 .119 .071 CHINA .136 .113 .159 .159 .181 .181 BONDFUND .08 .103 .103 .137 .195 .229 COPPER 0 0 0 0 0 0 |
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Tuesday - 5/23/2023 - 6:04 AM Futures DJI -80 NASDAQ -20 Data used 5/22/2023
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The market may seem dull and uninteresting. But beneath the calm exterior that the Dow Jones average offers us, a lot is going on that will have far-reaching consequences. First, we should not assume that the DJI will continue to hold up. Besides the still active Peerless Sell, we have to note that all the major Peerless internal strength indicators show in our DJI and DIA charts are falling. If the DJI were to break its green uptrendline and its 200-day ma, a retest of year's lows would technically be expected. And this is what probably lies ahead if the budget talks remain stalemated and/or Biden resorts to the 14th Amendment to keep Federal checks flowing. Second, the AI revolution is just starting. Those that take the long view in MSFT, GOOG and NVDA clearly are not willing to sell right now. They are holding those shares quite tightly. It is this which explains the high relative strength of QQQ and TECL, and even SPY. Third, beaten down regional banks are mounting a potential recovery, as the FED and Powell avoid talking about another rate hike. But bond investors are clearly getting scared again both about higher rates and the dangers of a default to American credit. Fourth, Carl Icahn, an icon of Wall Street aggressiveness and hedging, stands accused of running a giant ponzi scheme wherein Piper Jeffries lured in big dividend-seekers into IEP despite its approaching a certain day of reckoning because of how over-valued it was in terns of its net assets. IEP is collaping. See below. Now Morgan Stanley must give Icahn huge margin calls. Will Icahn have the money to pay the margin calls? If not, one Wall Street's truly big banks will be torpedoed. This drama will only hurt share prices. Fifthly, we see signs from the housing stocks and from Lilly that they need to pullback, possibly as far as their 65-dma, which is quite a ways below. Taking some profits in these stocks seems prudent now. And lastly, we must watch RETL and Macy's, in particular, to see if they can continue to hold up at their key support levels. If they do not, the general market will likely be in trouble. |
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5/22/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90522.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-22-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-22-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/22/2023 --- Bullish = 3 QQQ (.268), SOXL (+.388), TECL (.611) Bearish = 3 RETL (-.289), OIH(-.278), TAN (-.264) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 332.9 -1.29 330.35 -13% Bearish RED .04 --------------- --------------------------------------------------------------------------------------------- COMPQX 12720.78 62.88 12343.05 142.1% ------- BLUE .098 .101 .199 --------------------------------------------------------------------------------------------- SPY 418.79 .17 410.25 69.6% ------- BLUE .079 .044 .123 --------------------------------------------------------------------------------------------- QQQ 337.64 1.13 327.16 163.5% Bullish BLUE .139 .129 .268 --------------------------------------------------------------------------------------------- MDY 451.25 2.45 441.42 36.9% Bearish BLUE -.059 -.034 -.093 --------------------------------------------------------------------------------------------- IWM 178.26 2.15 172.28 97.8% Bearish BLUE -.013 -.029 -.042 --------------------------------------------------------------------------------------------- FAS 58.94 .35 54.77 222% Bearish RED -.036 -.105 -.141 --------------------------------------------------------------------------------------------- RETL 5.92 .05 6.01 -461% Bearish ---- -.058 -.231 -.289 --------------------------------------------------------------------------------------------- SOXL 17.53 .14 15.05 743.6% Bullish BLUE .182 .206 .388 --------------------------------------------------------------------------------------------- TECL 41.25 .21 37.31 520.5% Bullish BLUE .142 .469 .611 --------------------------------------------------------------------------------------------- IBB 131.15 1.07 129.04 -22.7% ------- BLUE .134 .034 .168 --------------------------------------------------------------------------------------------- GLD 183.21 -.43 184.87 -108.5% ------- ---- .157 .013 .17 --------------------------------------------------------------------------------------------- DBO 14.05 -.01 13.76 64.3% Bearish ---- -.115 -.087 -.202 --------------------------------------------------------------------------------------------- OIH 264.87 4.86 249.07 174.8% Bearish BLUE -.137 -.141 -.278 --------------------------------------------------------------------------------------------- CPER 22.65 -.28 22.5 -76.6% ------- ---- -.121 -.113 -.234 --------------------------------------------------------------------------------------------- TAN 71.34 1.23 70.99 -94.7% ------- BLUE -.148 -.091 -.239 --------------------------------------------------------------------------------------------- UUP 28.29 .02 28.09 47.9% Bullish ---- .052 -.043 .009 --------------------------------------------------------------------------------------------- CORN 22.63 .36 22.61 -97.9% Bullish BLUE .036 -.121 -.085 --------------------------------------------------------------------------------------------- WEAT 6.13 -.01 6.49 -401.8% Bearish ---- .042 -.157 -.115 --------------------------------------------------------------------------------------------- YINN 40.06 1.8 41.99 -384.1% ------- BLUE .034 -.007 .027 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/22/23 Bullish = 19 Bearish = 30 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .833 .833 .888 .833 .666 .777 BEVERAGE .785 .857 .857 .857 .785 .785 GUNS .714 .714 .714 .714 .571 .571 ETFS .672 .672 .636 .672 .581 .672 NIFTY .659 .636 .613 .5 .409 .454 HIGHPRIC .645 .593 .61 .562 .497 .554 HOSPITAL .642 .642 .642 .642 .642 .642 NASD-100 .64 .61 .61 .55 .5 .58 SOFTWARE .625 .571 .553 .5 .446 .464 TRANSP .578 .578 .631 .578 .368 .421 SEMI .574 .542 .563 .489 .361 .382 GREEN .555 .444 .5 .666 .5 .5 COMPUTER .55 .6 .55 .45 .4 .4 JETS .538 .615 .615 .615 .23 .23 INDEXES .529 .47 .502 .47 .378 .486 BIOTECH .524 .48 .452 .487 .435 .48 ELECTRON .511 .496 .496 .451 .368 .375 AUTO .509 .358 .396 .358 .207 .301 FIDSTKS .508 .502 .502 .449 .372 .426 ================================================================================================= DOWJONES .466 .566 .5 .466 .366 .466 ===== GOLD .466 .555 .488 .622 .622 .688 FOOD .448 .489 .387 .489 .469 .489 RUS-1000 .446 .423 .44 .4 .352 .417 SP500 .445 .449 .445 .402 .351 .418 INSURANC .44 .52 .56 .44 .4 .44 HACKERS .437 .375 .5 .437 .312 .375 SOLAR .437 .25 .312 .312 .187 .25 MILITARY .423 .384 .461 .423 .269 .307 SP-100 .422 .466 .433 .411 .344 .4 GAMING .421 .473 .473 .526 .473 .473 COMODITY .41 .461 .358 .461 .461 .461 DJI-13 .384 .538 .461 .461 .384 .461 CHEM .372 .348 .348 .279 .232 .279 UTILITY .358 .358 .358 .41 .487 .641 RETAIL .326 .347 .434 .391 .282 .326 LOWPRICE .323 .312 .309 .306 .275 .286 FINANCE .312 .287 .287 .275 .212 .225 INFRA .303 .303 .333 .333 .333 .393 MARIJUAN .3 .1 .2 .2 .1 .2 BIGBANKS .285 .142 .142 .142 0 0 OILGAS .278 .206 .185 .185 .134 .175 INDMATER .277 .236 .25 .208 .194 .222 REIT .262 .229 .229 .221 .155 .262 COAL .166 .166 .166 0 0 .333 EDU .166 .166 .166 .166 .166 .166 REGBANKS .142 .071 .119 .119 .071 .047 CHINA .113 .159 .159 .181 .181 .181 BONDFUND .103 .091 .137 .206 .252 .252 COPPER 0 0 0 0 0 0 |
===================================================================================
Monday - 5/22/2023 - 6:11 AM Futures DJI +20 NASDAQ -5 Data
used 5/19/2023
5/19/2023
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The Budget
talks between Biden and McCarthy are at center stage. But meanwhile the divide in the market between AI stocks, like NVDA, MSFT and GOOG and the stocks and bonds dependent on interest rates continues to widen. Bonds and bank stocks were particularly weak on Friday as bears talked about the calamity of a failure of the budget talks. Mild profit-taking in the leading groups, including home-builders, did not change the bullish fact that their Closing Powers and Relative strength lines are still rising. The 2011 experience shows us that the DJI will be under pressure until there is agreement. That matches the weakening internals the Peerless DJI chart below shows. One clue about how the talks are going will be retail stocks. RETL is testing its 12 month low, as is Macy's shown below. The bearish stocks we can hedge with are still led by failling regional stocks. But now bonds are again in the bearish MINCPs list. Apparently, the FED is expected to again raise rates, even though the falling commodity and oil prices would seem to show that they may have already won their battle with inflation. As usual, they will probably over-shoot their target. "The Mouse that Roared." This weekend I found myself sitting down at my computer ready to work on the Windows-10 software, but the screen was frozen and when I re-booted, the computer was unresponsive and extraordinarily slow. Lots of problems. For the next five hours, I tried to take off the key directories and save them onto backup external flash drives. Mostly I resorted to old DOS commands. When I was done, I turned on the back up computer but hooked up the same mouse to it. Immediately, the same problems I was having with the main computer started occurring on the backup. My first thought was to consider MSFT had put some sort of time-set bomb in XPs. Then I realized that the other common denominator was the mouse. With a prayer, I rehooked up the main computer and used an old mouse I had in storage. Suddenly, everything worked fine again. A bad mouse had caused 5 hours of frustration. I had never experienced this before. So, I pass along this little story in hopes it may help some of my readers. |
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5/19/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90519.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-19-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-19-2023/BEARISH.htm |
Table 1 - Daily Breadth Volume and Breadth
Statistics
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Table 2 --- QUICKSILVER on ETFS - 5/18/2023 --- Bullish = 3 QQQ (.275), SOXL (+.306), TECL (.527) Bearish = 1 RETL (-.352), OIH(-.360), TAN (-.264) A majority of Closing Powers are bearish. Only the Dollar is rising. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 334.19 -1.87 333.77 14.8% Bearish RED .076 ---- ----- --------------------------------------------------------------------------------------------- COMPQX 12657.9 -30.94 12365.21 150% ------- RED .111 .082 .193 --------------------------------------------------------------------------------------------- SPY 418.62 -.61 413.01 84.9% ------- RED .109 .035 .144 --------------------------------------------------------------------------------------------- QQQ 336.51 -.76 326.79 174.2% ------- RED .16 .115 .275 --------------------------------------------------------------------------------------------- MDY 448.8 -4.09 447.94 49.3% Bearish RED -.053 -.061 -.114 --------------------------------------------------------------------------------------------- IWM 176.11 -1.08 174.83 97.1% Bearish RED -.009 -.064 -.073 --------------------------------------------------------------------------------------------- FAS 58.59 -.72 56.39 312% Bearish RED -.026 -.157 -.183 --------------------------------------------------------------------------------------------- RETL 5.87 -.69 6.5 -360.4% Bearish RED -.065 -.287 -.352 --------------------------------------------------------------------------------------------- SOXL 17.39 -.28 15.11 1080.3% Bullish RED .174 .132 .306 --------------------------------------------------------------------------------------------- TECL 41.04 -.12 37.18 620% ------- RED .148 .389 .537 --------------------------------------------------------------------------------------------- IBB 130.08 1.11 131.74 -3.9% ------- BLUE .165 .015 .18 --------------------------------------------------------------------------------------------- GLD 183.64 1.8 187.21 -85.7% ------- BLUE .152 .045 .197 --------------------------------------------------------------------------------------------- DBO 14.06 -.05 13.87 150.9% Bearish RED -.101 -.067 -.168 --------------------------------------------------------------------------------------------- OIH 260.01 .75 255.92 137.7% Bearish RED -.187 -.173 -.36 --------------------------------------------------------------------------------------------- CPER 22.93 .17 23 6.6% Bearish ---- -.067 -.098 -.165 --------------------------------------------------------------------------------------------- TAN 70.11 -.66 72.69 -127.8% Bearish RED -.14 -.124 -.264 --------------------------------------------------------------------------------------------- UUP 28.27 -.08 28.02 30.2% Bullish ---- .023 -.044 -.021 --------------------------------------------------------------------------------------------- CORN 22.27 .04 23.07 -104.1% ------- RED -.015 -.12 -.135 --------------------------------------------------------------------------------------------- WEAT 6.14 -.03 6.64 -195.4% Bearish RED .025 -.13 -.105 --------------------------------------------------------------------------------------------- YINN 38.26 -.75 43.18 -2.5% ------- ---- .09 -.047 .043 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/19/23 Bullish = 18 Bearish = 31 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .857 .857 .785 .785 .785 HOMEBLDG .833 .888 .833 .666 .777 .833 GUNS .714 .714 .714 .571 .571 .571 ETFS .672 .636 .672 .581 .69 .581 HOSPITAL .642 .642 .642 .642 .642 .642 NIFTY .636 .613 .5 .409 .454 .386 JETS .615 .615 .615 .23 .23 .23 NASD-100 .61 .61 .55 .5 .57 .52 COMPUTER .6 .55 .45 .4 .4 .25 HIGHPRIC .593 .61 .562 .497 .545 .523 TRANSP .578 .631 .578 .368 .421 .315 SOFTWARE .571 .571 .5 .446 .464 .428 DOWJONES .566 .5 .466 .366 .4 .4 GOLD .555 .488 .622 .622 .666 .666 SEMI .542 .563 .489 .361 .372 .276 DJI-13 .538 .461 .461 .384 .384 .461 INSURANC .52 .56 .44 .4 .44 .48 FIDSTKS .502 .502 .449 .372 .408 .39 ======================================================================================================= ELECTRON .496 .496 .451 .368 .368 .3 FOOD .489 .408 .469 .469 .489 .428 BIOTECH .48 .45 .49 .435 .48 .442 GAMING .473 .473 .473 .526 .473 .473 INDEXES .47 .502 .47 .378 .486 .4 SP-100 .466 .433 .411 .344 .377 .355 COMODITY .461 .384 .435 .461 .461 .435 SP500 .449 .445 .404 .347 .412 .41 GREEN .444 .5 .666 .5 .5 .5 RUS-1000 .423 .44 .4 .352 .411 .399 MILITARY .384 .461 .423 .269 .269 .23 HACKERS .375 .5 .437 .312 .375 .312 AUTO .358 .415 .358 .207 .283 .207 UTILITY .358 .358 .41 .487 .641 .794 CHEM .348 .348 .279 .232 .279 .279 RETAIL .347 .434 .391 .282 .326 .347 LOWPRICE .312 .312 .309 .277 .28 .263 INFRA .303 .333 .333 .333 .363 .363 FINANCE .287 .287 .275 .2 .225 .175 SOLAR .25 .312 .312 .187 .25 .25 INDMATER .236 .25 .208 .194 .222 .208 REIT .229 .221 .229 .163 .229 .286 OILGAS .206 .185 .185 .134 .164 .123 COAL .166 .166 0 0 .333 .166 EDU .166 .166 .166 .166 .166 .166 CHINA .159 .159 .181 .181 .181 .159 BIGBANKS .142 .142 .142 0 0 0 MARIJUAN .1 .2 .2 .1 .2 .2 BONDFUND .091 .126 .206 .264 .264 .241 REGBANKS .071 .119 .119 .071 .047 .071 COPPER 0 0 0 0 0 0 |
====================================================================================
Friday - 5/19/2023 - 6:00 AM Futures DJI +66 NASDAQ -2 Data
used 5/18/2023
5/18/2023
|
One of my heroes when I
lived in Santa Fe long ago has taken his earthly leave from all of us recently. Larry Mahon was the finest rodeo wild bull rider ever. And always a smiling gentleman, too. When asked what was the secret of riding a wild bull, he thought a moments and replied, "Gettin off the bull is easy. It's the getting onto the bull that's the hard part". So, too, in the stock market, getting aboard the most bullish stocks that are the first out of the gate is for most the hard part. And once they do take a position, it's difficult to hold onto it. Today, we saw wild ttakeoffs in the artificial intelligence and semi-conductor stocks. Sure enough, making my point, a young writer on Yahoo immediately proclaimed stocks like NVDA, MSFT, GOOD and LRCX to be part of a giant bubble, thereby inducing some likely very premature profit-taking. In 1966 the Fed raised interest rates because of the inflation that the war in Vietnam was bringing. But early in 1967, they relented and reversed course. This set off a huge rally in electronics and computer stocks. With few pullbacks, the stocks of that era like Control Data rose day after day. WQXR Radio, in NYC, kept reporting its hourly advances from the low 30s to 150 in nine months. That's what got my attention. My guess is these stocks could go much higher if we all get past the things that seem so bearish now. Clearly the bulls in these MAXCP stocks understand that we are on the threshold of a new era of artificial intelligence that will change drastically human lives forevermore and they want to be in "on the ground floor". Moreover, the bulls are looking ahead to when interest rates start falling. That this day may not be so far off, have a look at most of the commodity stocks like soybeans and wheat, or the ETFs DBc and MOO. Notice, too, the bearish head and shoulders in OIH and SLB. Oil and gas prices are headed down, not up. For us getting aboard a super explosive stock is actually not that hard. Our Tiger screener, the Power Ranker we use to find the most bullish MAXCPs and bearish MINCPs, has highlighted the AI stocks for weeks. They show major Buy signals, flat topped breakouts confirmed by rising Closing Power and Relative Strength. Most have big bulges of insider buying. And as for selling, traders can stay aboard as long as their Closing Powers and Relative Strength lines are in uptrends. And when these are broken, watch for them to find support at their rising 65-dma, where they can be bought again. |
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5/18/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90518.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM HOMEBUILDERS: NAIL BZH MHO MTH PHM - REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-18-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-18-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/18/2023 --- Bullish = 2 QQQ (.259), TECL (.463) Bearish = 1 OIH(-.370) A majority of Closing Powers are bearish. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 336.06 1.45 333.2 41% Bearish BLUE .106 --------------- --------------------------------------------------------------------------------------------- COMPQX 12688.84 188.27 12284.74 145.7% ------- BLUE .109 .073 .182 --------------------------------------------------------------------------------------------- SPY 419.23 4 411.59 86.1% ------- BLUE .123 .028 .151 --------------------------------------------------------------------------------------------- QQQ 337.27 6.15 325.03 169.1% ------- BLUE .15 .109 .259 --------------------------------------------------------------------------------------------- MDY 452.89 3.6 444.39 95% Bearish BLUE -.03 -.064 -.094 --------------------------------------------------------------------------------------------- IWM 177.19 1.07 172.72 118.5% Bearish BLUE .015 -.073 -.058 --------------------------------------------------------------------------------------------- FAS 59.31 1.19 55.05 317.8% Bearish BLUE .003 -.243 -.24 --------------------------------------------------------------------------------------------- RETL 6.56 .05 6.33 78.6% Bearish BLUE .052 -.235 -.183 --------------------------------------------------------------------------------------------- SOXL 17.67 1.53 14.02 1209.8% Bullish BLUE .157 .095 .252 --------------------------------------------------------------------------------------------- TECL 41.16 2.38 36.31 631.6% Bullish BLUE .121 .342 .463 --------------------------------------------------------------------------------------------- IBB 128.97 -.36 130.18 -56.1% ------- RED .141 -.003 .138 --------------------------------------------------------------------------------------------- GLD 181.84 -2.39 186.81 -142.2% ------- RED .118 .056 .174 --------------------------------------------------------------------------------------------- DBO 14.11 -.11 13.64 72% ------- ---- -.123 -.064 -.187 --------------------------------------------------------------------------------------------- OIH 259.26 3.55 253 136.1% Bearish BLUE -.165 -.205 -.37 --------------------------------------------------------------------------------------------- CPER 22.76 -.3 22.9 2.2% Bearish ---- -.076 -.096 -.172 --------------------------------------------------------------------------------------------- TAN 70.77 -.89 71.94 67.2% Bearish RED -.106 -.12 -.226 --------------------------------------------------------------------------------------------- UUP 28.35 .21 28.1 76.6% Bullish BLUE .061 -.032 .029 --------------------------------------------------------------------------------------------- CORN 22.23 .03 22.74 -160.7% Bullish BLUE .062 -.125 -.063 --------------------------------------------------------------------------------------------- WEAT 6.17 -.12 6.39 -132.2% Bearish ---- .032 -.137 -.105 --------------------------------------------------------------------------------------------- YINN 39.01 -1.6 38.28 -296.8% ------ RED .066 -.131 -.065 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/18/23 Bullish = 16 Bearish = 30 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .888 .833 .666 .777 .833 .833 ----- BEVERAGE .857 .857 .785 .785 .785 .857 GUNS .714 .714 .571 .571 .571 .571 HOSPITAL .642 .642 .642 .642 .642 .642 ETFS .636 .672 .581 .69 .6 .618 TRANSP .631 .578 .368 .421 .315 .315 JETS .615 .615 .23 .23 .23 .23 NIFTY .613 .5 .409 .454 .386 .363 HIGHPRIC .61 .562 .497 .545 .523 .523 NASD-100 .61 .55 .5 .57 .52 .53 SOFTWARE .571 .517 .446 .464 .428 .428 SEMI .563 .489 .361 .372 .265 .244 INSURANC .56 .44 .4 .44 .48 .56 COMPUTER .55 .45 .4 .4 .25 .35 FIDSTKS .502 .449 .372 .408 .39 .426 INDEXES .502 .47 .378 .486 .4 .41 --------------------------------------------------------------------------------------------------- DOWJONES .5 .466 .366 .4 .4 .433 GREEN .5 .666 .5 .5 .5 .388 HACKERS .5 .437 .312 .375 .312 .312 --------------------------------------------------------------------------------------------------- ELECTRON .496 .451 .368 .368 .293 .285 GOLD .488 .622 .622 .666 .666 .666 GAMING .473 .473 .473 .526 .473 .473 DJI-13 .461 .461 .384 .384 .461 .461 MILITARY .461 .423 .269 .269 .23 .23 BIOTECH .45 .487 .437 .48 .437 .47 SP500 .445 .404 .349 .408 .412 .412 RUS-1000 .44 .4 .352 .411 .4 .397 RETAIL .434 .391 .282 .326 .347 .369 SP-100 .433 .411 .344 .377 .355 .388 AUTO .415 .377 .207 .283 .207 .226 FOOD .408 .489 .448 .489 .428 .428 COMODITY .384 .461 .435 .461 .435 .435 UTILITY .358 .41 .487 .641 .794 .717 CHEM .348 .279 .232 .279 .279 .279 INFRA .333 .333 .333 .363 .363 .393 LOWPRICE .312 .312 .28 .283 .263 .275 SOLAR .312 .312 .187 .25 .25 .125 FINANCE .287 .275 .2 .212 .175 .212 INDMATER .25 .208 .194 .222 .208 .236 REIT .221 .221 .172 .237 .245 .262 MARIJUAN .2 .2 .1 .2 .2 .1 OILGAS .185 .185 .134 .164 .123 .113 COAL .166 0 0 .333 .166 .166 EDU .166 .166 .166 .166 .166 .166 CHINA .159 .181 .181 .181 .159 .136 BIGBANKS .142 .142 0 0 0 .142 BONDFUND .126 .195 .264 .275 .252 .31 REGBANKS .119 .119 .071 .047 .071 .071 COPPER 0 0 0 0 0 0 |
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Thursday - 5/18/2023 - 5:45 AM Futures DJI -31 NASDAQ +8 Data used 5/17/2023
Data used 5/17/2023
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Driving up the
markets more than 1% on Wednesday were rumors that President Biden might resort to issing a $1 trillion platinum coin for desposit in the US Treasury or would employ the 14th Amendment to honor essential Federal debts next month. In this way he could refuse accept a budget deficit limit from Congress. Right or wrong, likely or not, the rumors powered a 400 point DJI advance. The shorts have been making lots of money in the weakest stocks. Today, they took profits, a little clumsily. Now we will need to see how DC's "game of chicken" will really play out. I am not so optimistic that an accord will be reached until we get closer to the June deadline. See how rallies in the beaten down regional banks occurred en masse. Big Banks and Retailers rose nicely from well-tested support. See how NOC ralllied and even SCHW. But most impressive from our hedging viewpoint were the nice advances among the strongest stocks in artifical intelligence, semi-conductors and home-building. As a result, there are many more MAXCPs than MINCPs tonight, even thousgh once again the number of new lows was greater by a wide margin than the number of new lows. Now the DJI must fight its way back above its 21-day ma. That is not made easy without a Peerless Buy and with so many Peerless internal strength indicators falling for the DJI. For months, the DJI has been going nwhere. Instead of trading it or SPY or even the NASDAQ or QQQ long, I have been suggesting hedging by buying the most bullish MAXCPs and shorting the weakest MINCPs. This has been succssful in most cases. It is the reason I publish daily the NAXCPs and MINCPs. But eventually, these will break their Closing Power and Relative Strength uptrends and downtrends, respectively. If their moves have left them amply over-extended, we should then take profits, at least that has been my experience with the short sales even in a bear market. With the longs, we can give them more "slack" and if we really want to let them run after they have had big bulges of Accumulation, hold them until they break their 65-dma with a negative IP21. |
The DJI is still below its 21-day ma
and nearly all its Peerless internal strength indicators are still failling. |
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The steep ClosPwr downtrend-line was broken but its 21-day
ma is falling. a |
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NASDAQ and QQQ recovery highs were confirmed by their Closing Power. |
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Leaders were AI stocks , semi-conductors and Home-Bulding Stocks. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The prospects of
lower fuel prices should propel airlines stocks upwards. |
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Still below their falling Closing Powers are
some the very weakest MINCPs. |
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Table 1 - Daily Breadth and Volume
Statistics - Still 94 more new lows today than new highs.
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Table 2 QUICKSILVER on ETFS - 5/17/2023 --- Bullish = 1 TECL (.388) Bearish = 4 FAS (-.28), OIH(-.386) A majority of Closing Powers are bearish. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 334.61 4.26 333.33 -13.2% Bearish BLUE .066 0 ------ --------------------------------------------------------------------------------------------- COMPQX 12500.57 157.52 12328.51 78.8% ------- BLUE .093 .067 .16 --------------------------------------------------------------------------------------------- SPY 415.23 4.98 412.13 28.9% ------- BLUE .089 .025 .114 --------------------------------------------------------------------------------------------- QQQ 331.12 3.96 326.2 91.7% ------- BLUE .11 .1 .21 --------------------------------------------------------------------------------------------- MDY 449.29 7.87 444.43 21.6% Bearish BLUE -.06 -.065 -.125 --------------------------------------------------------------------------------------------- IWM 176.12 3.84 173.07 49.3% Bearish BLUE -.004 -.073 -.077 --------------------------------------------------------------------------------------------- FAS 58.12 3.35 55.75 180.7% Bearish BLUE -.017 -.263 -.28 --------------------------------------------------------------------------------------------- RETL 6.51 .5 6.46 7.9% Bearish BLUE .039 -.234 -.195 --------------------------------------------------------------------------------------------- SOXL 16.14 1.09 14.07 630.5% Bullish BLUE .121 .084 .205 --------------------------------------------------------------------------------------------- TECL 38.78 1.47 36.46 244.2% ------- BLUE .088 .3 .388 --------------------------------------------------------------------------------------------- IBB 129.33 .29 130.43 -65.1% ------- BLUE .127 -.001 .126 --------------------------------------------------------------------------------------------- GLD 184.23 -.64 187.13 -120.9% ------- RED .142 .075 .217 --------------------------------------------------------------------------------------------- DBO 14.22 .46 13.91 25.2% ------- BLUE -.142 -.062 -.204 --------------------------------------------------------------------------------------------- OIH 255.71 6.64 252.37 -81.1% Bearish BLUE -.162 -.224 -.386 --------------------------------------------------------------------------------------------- CPER 23.06 .56 22.75 -124.2% Bearish ---- -.095 -.066 -.161 --------------------------------------------------------------------------------------------- TAN 71.66 .67 69.81 124.5% Bearish BLUE -.087 -.108 -.195 --------------------------------------------------------------------------------------------- UUP 28.14 .05 27.92 71.5% Bullish ---- .058 -.034 .024 --------------------------------------------------------------------------------------------- CORN 22.2 -.41 22.96 -220.4% ------- RED .01 -.134 -.124 --------------------------------------------------------------------------------------------- WEAT 6.29 -.2 6.34 -108.4% Bearish RED -.006 -.128 -.134 --------------------------------------------------------------------------------------------- YINN 40.61 -1.38 41.45 52.4% ------- BLUE .117 -.115 .002 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/17/23 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .785 .785 .785 .857 .857 HOMEBLDG .833 .666 .777 .833 .833 .833 GUNS .714 .571 .571 .571 .5 .5 ETFS .672 .581 .69 .6 .636 .709 GREEN .666 .5 .5 .5 .388 .388 HOSPITAL .642 .642 .642 .642 .642 .642 GOLD .622 .622 .666 .666 .666 .777 JETS .615 .23 .23 .23 .23 .23 TRANSP .578 .368 .421 .315 .315 .368 HIGHPRIC .562 .497 .545 .523 .515 .541 NASD-100 .55 .5 .57 .52 .53 .57 SOFTWARE .517 .464 .464 .428 .428 .428 =============================================================================================== NIFTY .5 .409 .454 .386 .363 .386 FOOD .489 .469 .469 .428 .428 .448 SEMI .489 .361 .372 .265 .234 .255 BIOTECH .487 .435 .482 .437 .467 .49 GAMING .473 .473 .473 .526 .473 .526 INDEXES .47 .378 .486 .4 .405 .437 DOWJONES .466 .366 .4 .4 .433 .566 ------ COMODITY .461 .461 .435 .435 .435 .435 DJI-13 .461 .384 .384 .461 .461 .461 ELECTRON .451 .368 .368 .293 .285 .293 COMPUTER .45 .4 .4 .25 .35 .4 FIDSTKS .449 .372 .408 .39 .414 .443 INSURANC .44 .4 .44 .48 .56 .52 HACKERS .437 .312 .375 .312 .312 .25 MILITARY .423 .269 .269 .23 .192 .269 SP-100 .411 .344 .377 .355 .377 .422 UTILITY .41 .487 .641 .794 .743 .82 SP500 .404 .349 .41 .408 .408 .425 RUS-1000 .4 .352 .411 .4 .392 .407 RETAIL .391 .282 .326 .347 .347 .369 AUTO .377 .226 .283 .207 .207 .245 INFRA .333 .333 .363 .363 .393 .393 LOWPRICE .312 .283 .286 .266 .272 .292 SOLAR .312 .187 .25 .25 .125 .062 CHEM .279 .232 .279 .279 .279 .279 FINANCE .275 .2 .212 .162 .212 .212 REIT .221 .163 .245 .254 .229 .286 INDMATER .208 .194 .222 .208 .236 .263 MARIJUAN .2 .1 .2 .2 .1 .3 BONDFUND .195 .252 .275 .264 .321 .31 OILGAS .185 .134 .164 .123 .113 .144 CHINA .181 .181 .181 .159 .136 .181 EDU .166 .166 .166 .166 .166 .166 BIGBANKS .142 0 0 0 .142 .142 REGBANKS .119 .071 .047 .071 .071 .047 COAL 0 0 .333 .166 .166 .166 COPPER 0 0 0 0 0 0 |
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Wednesday -
5/16/2023 - 6:08 AM Futures
DJI +155 NASDAQ +33 Data used 5/16/2023
5/16/2023
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The futures
should bring a rally back to the broken resistance of the DJI's 65-dma. With the DJI's Closing Power and all its key Peerless indicators falling, I would expect the rally to fail. Biden said he would not negotiate with the over-zealous budget hawks in the House. Now he is doing exactly that. His hand is weak. He is blamed for not preparing for this inevitable fight, for not creating a Trillion Dollar Coin, for not fighting harder publicly... And if he holds firm, it is he who will be blamed by the Public for the cessation of vital social security checks and payments to Federal employees, contractors and for the damage done to US. Credit. So, I've been saying, he will make big concessions to the Republicans in the House. And these make Wall Street quite happy. But, first, we have to endure the crazy suspense and drama of two juveniles playing a game of chicken with the national economy as the stakes. The two sides are now much farther apart than in 2011's similar political budget struggle. So, the contest may continue for two more weeks, at least.
Not all Wall Street participants are similarly affected. Now the big banks are |
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5/16/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90516.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-16-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-16-2023/BEARISH.htm |
DJI broke below its 65-dma All its internal strength indicators are falling. Even our Accumulation Index turned negative. |
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DIA's Closing Power is falling. So are its 5-day, 21-day and 65-dma. |
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NASDAQ has made a recovery new high, but cannot advance by itself, it seems. |
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Bullish Stocks: LLY, NVDA, |
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Snack food is in style. |
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"Gotta have a home." |
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But false breakouts must be watched for, as with FSLR |
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Will RETL breakdown? Chart looks bearish. |
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Regional Banks are still struggling and under mounting
public scrutiny. |
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Will Big Banks catch the contagion that its lay low the
regional banks? |
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Heavy Distribution, big money dumping and Professional selling: These find us the most bearish stocks to sell short.. |
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able 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/16/2023 --- Bullish = 1 TECL (.276) Bearish = 4 FAS (-.329), RETL (-.288), DBO(-.273), OIH(-.424) Closing Powers are mostly bearish. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 330.35 -3.42 335.49 -81.1% Bearish RED .052 0 .052 --------------------------------------------------------------------------------------------- COMPQX 12343.05 -22.16 12306.44 66.5% ------- BLUE .039 .07 .109 --------------------------------------------------------------------------------------------- SPY 410.25 -2.76 412.85 -8.3% Bearish RED .047 .027 .074 --------------------------------------------------------------------------------------------- QQQ 327.16 .37 325.14 84.9% ------- BLUE .06 .103 .163 --------------------------------------------------------------------------------------------- MDY 441.42 -6.52 447.37 -57.7% Bearish RED -.12 -.063 -.183 --------------------------------------------------------------------------------------------- IWM 172.28 -2.55 174.41 -36% Bearish RED -.066 -.074 -.14 --------------------------------------------------------------------------------------------- FAS 54.77 -1.62 56.11 -208.6% Bearish RED -.009 -.33 -.339 --------------------------------------------------------------------------------------------- RETL 6.01 -.49 6.5 -387% Bearish RED -.026 -.262 -.288 --------------------------------------------------------------------------------------------- SOXL 15.05 -.06 14.31 388.4% ------- BLUE .074 .005 .079 --------------------------------------------------------------------------------------------- TECL 37.31 .13 36.98 219% ------- BLUE .044 .232 .276 --------------------------------------------------------------------------------------------- IBB 129.04 -2.7 131.03 -59.6% ------- RED .074 .011 .085 --------------------------------------------------------------------------------------------- GLD 184.87 -2.34 188.75 -110.5% ------- RED .13 .09 .22 --------------------------------------------------------------------------------------------- DBO 13.76 -.11 14.15 -175.5% Bearish RED -.179 -.094 -.273 --------------------------------------------------------------------------------------------- OIH 249.07 -6.85 259.83 -273.7% Bearish RED -.193 -.231 -.424 --------------------------------------------------------------------------------------------- CPER 22.5 -.5 23.63 -328.9% Bearish RED -.075 -.082 -.157 --------------------------------------------------------------------------------------------- TAN 70.99 -1.7 69.89 123% Bearish RED -.105 -.097 -.202 --------------------------------------------------------------------------------------------- UUP 28.09 .07 27.74 53.7% Bullish ---- .041 .007 .048 --------------------------------------------------------------------------------------------- CORN 22.61 -.46 23.21 -119.4% ------- RED .069 -.092 -.023 --------------------------------------------------------------------------------------------- WEAT 6.49 -.15 6.43 15.5% Bearish RED .053 -.065 -.012 --------------------------------------------------------------------------------------------- YINN 41.99 -1.19 40.18 123.7% ------- BLUE .064 -.107 -.043 |
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/16/23 Bullish = 6 Bearish = 41 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .785 .785 .785 .857 .857 .928 HOMEBLDG .666 .777 .833 .833 .833 .833 HOSPITAL .642 .642 .642 .642 .642 .642 GOLD .622 .666 .666 .666 .777 .8 ETFS .581 .69 .6 .636 .727 .709 GUNS .571 .571 .571 .5 .5 .5 ================================================================================================= GREEN .5 .5 .5 .388 .388 .444 NASD-100 .5 .57 .52 .53 .57 .54 ================================================================================================= HIGHPRIC .497 .545 .523 .515 .536 .506 UTILITY .487 .641 .794 .743 .82 .769 GAMING .473 .473 .473 .526 .526 .578 FOOD .469 .489 .408 .428 .448 .428 SOFTWARE .464 .482 .428 .428 .41 .41 COMODITY .461 .461 .41 .435 .435 .435 BIOTECH .435 .48 .44 .467 .482 .462 NIFTY .409 .454 .386 .363 .386 .386 COMPUTER .4 .4 .25 .35 .4 .25 INSURANC .4 .44 .48 .56 .52 .6 DJI-13 .384 .384 .461 .461 .461 .461 INDEXES .378 .486 .4 .405 .432 .448 FIDSTKS .372 .408 .39 .414 .443 .443 ELECTRON .368 .368 .293 .285 .285 .248 TRANSP .368 .421 .315 .315 .315 .421 DOWJONES .366 .4 .4 .433 .566 .566 ----- SEMI .361 .372 .265 .234 .244 .202 RUS-1000 .352 .411 .4 .392 .403 .409 SP500 .349 .41 .41 .404 .429 .435 ----- SP-100 .344 .377 .355 .377 .422 .433 INFRA .333 .363 .363 .393 .393 .393 HACKERS .312 .375 .312 .312 .25 .25 LOWPRICE .283 .289 .269 .275 .286 .297 RETAIL .282 .326 .347 .347 .369 .369 MILITARY .269 .269 .23 .192 .269 .269 BONDFUND .252 .264 .264 .333 .321 .218 CHEM .232 .279 .279 .279 .279 .255 JETS .23 .23 .23 .23 .23 .307 AUTO .226 .301 .207 .207 .245 .264 FINANCE .2 .212 .162 .2 .212 .212 INDMATER .194 .222 .208 .236 .25 .25 SOLAR .187 .25 .25 .125 .062 .125 CHINA .181 .181 .159 .136 .181 .159 EDU .166 .166 .166 .166 .166 0 REIT .163 .237 .262 .237 .27 .254 OILGAS .134 .164 .123 .113 .134 .154 MARIJUAN .1 .2 .2 .1 .3 .2 REGBANKS .071 .047 .071 .071 .047 .047 BIGBANKS 0 0 0 .142 .142 .142 ----- COAL 0 .333 .166 .166 .166 .166 COPPER 0 0 0 0 0 .142 |
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Tuesday - 5/15/2023 - 5:30 AM Futures DJI -80 NASDAQ -5 Data used 5/15/2023
5/15/2023
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Outwardly the market
looks like it is asleep. The low volume reflects the fear that there will be a budget default crisis early next month. Treasury Secretary Janet Yellen is living up to her name. Each day she is "yelling" about all the bad things that will happen if no agreement is reached very soon between the President and House Speaker McCarthy. But each day, Professionals buy the weak opening that ensues from the fear she creates. They just don't think that in the end there will be no compromise. The Professionals are looking ahead not only to a settlement that keeps government running and maintains the credit-worthiness of the Dollar. but also one that prevents higher taxes on the very well-off. Today was typical. The DJI was down 200 points an hour into trading, but it fought its way back into positive territoty and there were 1000 more up than down on the NYSE. Moreover, even the regional banks nearly all were up. So, were most retailers. And leading semi-conductors did very well. (See the Bullish MAXCPs.) Oil stocks were weak. See Table 3. Their weakness is a sign that inflation may be on the way out. Wouldn't that be something. Professionals are usually right. They are looking ahead to a time when the FED eases off its tightening of monetary policy. Semi-conductors, which are normally quite volatile, would not have had such a good day today if there wasn't a growing sense that better times lie ahead. We can't turn bullish yet. Peerless remains on a Sell. Seasonality suggests caution, as do the greater number of new lows than new highs and the still falling Closing Power for DIA. The DJI's key indicators have also not broken their downtrends. But the low volume on RETL is a warning against shorting the stocks in this group if they have not already broken down badly. Moreover, SCHW (Schwab) looks very cheap. With its Accumulation Index positive and rising, it would seem to be very inviting as a Buy. So does Northrop (NOC) which is holding just above key support. Let's watch and see how the semi-conductors fare this week. Volume is probably too low to buy SOXL, but traders would not be buyers here if they were not optimists that the budget crisis and high interest rates should be looked past. If this assessment is correct, home-building stocks will stay strong. And even the very weak regional banks may now start to slowly recover. |
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5/15/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90515.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-15-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-15-2023/BEARISH.htm |
The DJI refuses to crack below the support of its
65-dma. Its internal strength indicators are still falling. But see how the A/D Line has not made a new low. |
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Table 1 - Daily Breadth and Volume Statistics.
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Table 2 QUICKSILVER on ETFS - 5/15/2023 --- Bullish = 2 TECL (.309), GLD (+.276) Bearish = 1 OIH(-.387) Closing Powers are mostly bearish. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 333.77 .57 335.77 -36.6% Bearish BLUE .126 ----- ------ --------------------------------------------------------------------------------------------- COMPQX 12365.21 80.47 12179.55 44.1% ------- BLUE .108 .059 .167 --------------------------------------------------------------------------------------------- SPY 413.01 1.42 410.93 3.3% Bearish BLUE .125 .023 .148 --------------------------------------------------------------------------------------------- QQQ 326.79 1.76 321.64 47.8% ------- BLUE .099 .092 .191 --------------------------------------------------------------------------------------------- MDY 447.94 3.55 446.57 -1.7% Bearish BLUE -.046 -.072 -.118 --------------------------------------------------------------------------------------------- IWM 174.83 2.11 173.53 22.5% Bearish BLUE .009 -.086 -.077 --------------------------------------------------------------------------------------------- FAS 56.39 1.34 57.11 -124.2% Bearish BLUE .079 -.32 -.241 --------------------------------------------------------------------------------------------- RETL 6.5 .17 6.51 -38.6% Bearish BLUE .043 -.263 -.22 --------------------------------------------------------------------------------------------- SOXL 15.11 1.09 13.94 162% ------- BLUE .142 -.035 .107 --------------------------------------------------------------------------------------------- TECL 37.18 .87 35.71 85.2% ------- BLUE .074 .235 .309 --------------------------------------------------------------------------------------------- IBB 131.74 1.56 130.6 34.1% ------- BLUE .148 .011 .159 --------------------------------------------------------------------------------------------- GLD 187.21 .4 189.02 -12.8% Bullish RED .189 .087 .276 --------------------------------------------------------------------------------------------- DBO 13.87 .23 14.25 -82.1% Bearish BLUE -.156 -.089 -.245 --------------------------------------------------------------------------------------------- OIH 255.92 2.92 263.13 -119.7% Bearish BLUE -.163 -.224 -.387 --------------------------------------------------------------------------------------------- CPER 23 .1 24.03 -232.1% Bearish ---- -.045 -.073 -.118 --------------------------------------------------------------------------------------------- TAN 72.69 .75 69.25 195.2% Bearish ---- -.025 -.069 -.094 --------------------------------------------------------------------------------------------- UUP 28.02 -.08 27.79 57.5% Bullish ---- .015 -.009 .006 --------------------------------------------------------------------------------------------- CORN 23.07 .33 23.16 -112.4% Bullish BLUE .11 -.089 .021 --------------------------------------------------------------------------------------------- WEAT 6.64 .25 6.47 62.1% Bearish BLUE .107 -.075 .032 --------------------------------------------------------------------------------------------- YINN 43.18 4.9 40.98 -3.7% ------- BLUE .072 -.126 -.054 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/15/23 Bullish = 9 Bearish = 40 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .785 .785 .857 .857 .928 .928 HOMEBLDG .777 .833 .833 .833 .833 .833 ETFS .69 .6 .636 .727 .709 .745 GOLD .666 .666 .666 .777 .8 .8 HOSPITAL .642 .642 .642 .642 .642 .642 UTILITY .641 .794 .743 .82 .769 .794 GUNS .571 .571 .5 .5 .428 .428 NASD-100 .57 .52 .53 .57 .54 .6 HIGHPRIC .545 .523 .515 .536 .506 .562 ============================================================================================ GREEN .5 .5 .388 .388 .444 .5 FOOD .489 .428 .408 .448 .428 .469 INDEXES .486 .4 .405 .432 .448 .454 SOFTWARE .482 .446 .428 .41 .41 .392 BIOTECH .48 .437 .47 .482 .462 .457 GAMING .473 .473 .473 .578 .578 .631 COMODITY .461 .435 .41 .435 .435 .435 NIFTY .454 .386 .363 .386 .386 .409 INSURANC .44 .48 .56 .52 .6 .56 TRANSP .421 .315 .315 .315 .421 .473 RUS-1000 .411 .4 .392 .403 .406 .431 SP500 .41 .41 .406 .425 .437 .459 FIDSTKS .408 .39 .414 .443 .449 .473 COMPUTER .4 .25 .35 .4 .25 .25 DOWJONES .4 .4 .433 .566 .566 .566 ===== DJI-13 .384 .461 .461 .461 .461 .461 SP-100 .377 .355 .377 .422 .433 .433 HACKERS .375 .312 .312 .25 .25 .312 SEMI .372 .265 .234 .244 .191 .244 ELECTRON .368 .293 .285 .285 .248 .263 INFRA .363 .363 .393 .393 .393 .393 COAL .333 .166 .166 .166 .166 .166 RETAIL .326 .347 .347 .369 .347 .369 AUTO .301 .226 .207 .245 .264 .283 LOWPRICE .289 .272 .277 .289 .289 .269 CHEM .279 .279 .279 .279 .255 .279 MILITARY .269 .23 .192 .269 .269 .23 BONDFUND .264 .252 .333 .333 .218 .264 SOLAR .25 .25 .125 .062 .062 .125 REIT .237 .254 .245 .278 .237 .27 JETS .23 .23 .23 .23 .307 .23 INDMATER .222 .208 .236 .25 .25 .277 FINANCE .212 .162 .2 .2 .2 .212 MARIJUAN .2 .2 .1 .3 .2 .2 CHINA .181 .159 .136 .181 .159 .136 EDU .166 .166 .166 .166 0 .166 OILGAS .164 .123 .113 .134 .154 .154 ===== REGBANKS .047 .071 .071 .047 .047 .047 BIGBANKS 0 0 .142 .142 .142 .142 COPPER 0 0 0 0 .142 .142 |
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Monday - 5/15/2023 - 5:55 AM Futures
DJI+55 NASDAQ +27 Data used 5/12/2023
5/12/2023
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The DJI's
early sell-off again found support at its 65-dma as Friday-trading Professionals bid up the blue chips and leading tech stocks up after mid-day. The DJI is still way below its well-tested resistance at 34000. More running in place, bobbing and weaving indecisively, seems likely for it. The key DJI indicators are still falling and only 40% of the DJI-30 stocks are above their 65-dma. There are many more new lows than new highs. The growing disparity between the rising MAXCPs made up of special situations, home-building and beverage stocks and the falling MINCPs, especially regional banks, remains the central tendency of the market. Hedge funds are playing these disparate trends to the hilt. There is little evidence that they are ready to find a new strategy. And it keep working, day to day. But three groups deserve special attention now. Oil stocks and OIH look weak. See the head/shoulders pattern in OIH. Their weakness will be bullish for the market in so far as it predicts a subsidence of inflation and that allows the FED to stop its rate increases soon. RETL is testing its lows, but not breaking down. Will some retailers report better than expected earnings this week and give RETL a boost or will the political stalemate over paying for the Federal budget deficit take center stage. Watch to see how the big banks do this week. A failure to reach a budget agreement would hit the big banks hard, I believe. In that case, the credit worthiness of US debt will take a hit and cause a late-in-the-week plunge. See how the decline in 2011 was delayed until the last moment. It is not clear how either political side can back down and stay consistent with their core beliefs. But the Democrats are the most pragmatic. And since the Democrats have the Presidency, any cessation of social security payments and delayed payments to doctors and contractors, etc. will bring more public blame on them. So with the Presidential Election coming next year, I would expect Biden to blink first. Stay hedged. The DJI will likely bob up and down as the budget talks come down to their end-of-the-month deadline. |
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5/12/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90512.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-12-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-12-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/12/2023 --- Bullish = 2 TECL (.314), GLD (+.264) Bearish = 5 FAS (.28), RETL(-.279), DBO(-.266), OIH(-.392), YINN(.262) Closing Powers are mostly bearish. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 333.2 -.13 336.22 -52.6% Bearish RED .095 ------ ------ --------------------------------------------------------------------------------------------- COMPQX 12284.74 -43.77 12256.92 20.1% ------- RED .078 .063 .141 --------------------------------------------------------------------------------------------- SPY 411.59 -.54 412.74 -12.6% Bearish RED .097 .026 .123 --------------------------------------------------------------------------------------------- QQQ 325.03 -1.17 323.69 33% ------- RED .084 .099 .183 --------------------------------------------------------------------------------------------- MDY 444.39 -.04 448.09 -57.1% Bearish RED -.078 -.08 -.158 --------------------------------------------------------------------------------------------- IWM 172.72 -.35 174.05 -49.7% Bearish RED -.027 -.094 -.121 --------------------------------------------------------------------------------------------- FAS 55.05 -.7 57.79 -204.1% Bearish RED .036 -.316 -.28 --------------------------------------------------------------------------------------------- RETL 6.33 -.13 6.55 -84.7% Bearish RED -.014 -.265 -.279 --------------------------------------------------------------------------------------------- SOXL 14.02 -.05 14.65 -157.5% Bearish RED .092 -.074 .018 --------------------------------------------------------------------------------------------- TECL 36.31 -.15 36.56 -42.5% ------- RED .042 .272 .314 --------------------------------------------------------------------------------------------- IBB 130.18 -.25 130.85 -66.4% Bearish RED .106 .006 .112 --------------------------------------------------------------------------------------------- GLD 186.81 -.32 187.69 -17.3% ------- RED .178 .086 .264 --------------------------------------------------------------------------------------------- DBO 13.64 -.27 14.1 -67.6% Bearish RED -.17 -.096 -.266 --------------------------------------------------------------------------------------------- OIH 253 .63 262.1 -165.1% Bearish RED -.16 -.232 -.392 --------------------------------------------------------------------------------------------- CPER 22.9 .15 24.09 -213.2% Bearish BLUE -.073 -.085 -.158 --------------------------------------------------------------------------------------------- TAN 71.94 2.13 69.95 123.9% Bearish BLUE -.022 -.065 -.087 --------------------------------------------------------------------------------------------- UUP 28.1 .18 27.7 79.2% Bullish BLUE .059 -.02 .039 --------------------------------------------------------------------------------------------- CORN 22.74 -.22 23.59 -222.8% Bullish RED .115 -.104 .011 --------------------------------------------------------------------------------------------- WEAT 6.39 .05 6.56 -169.7% ------- ---- .107 -.121 -.014 --------------------------------------------------------------------------------------------- YINN 38.28 -3.17 43.21 -467.6% Bearish RED -.025 -.236 -.261 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/12/23 Bullish = 9 (#1 - Homebuilding) Bearish = 40 (Lowest are OILGAS, REGBANKS, BIGBANKS and COPPER) DJI is only 40%. --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- HOMEBLDG .833 .833 .833 .833 .833 .833 UTILITY .794 .743 .82 .769 .794 .769 BEVERAGE .785 .857 .857 .928 .928 .928 GOLD .666 .666 .777 .8 .8 .777 HOSPITAL .642 .642 .642 .642 .642 .642 ETFS .6 .636 .727 .709 .745 .709 GUNS .571 .5 .5 .428 .428 .428 HIGHPRIC .523 .515 .536 .506 .562 .536 NASD-100 .52 .53 .57 .54 .6 .55 ================================================================================================ GREEN .5 .388 .388 .444 .444 .444 INSURANC .48 .56 .52 .6 .52 .48 GAMING .473 .473 .526 .631 .631 .578 DJI-13 .461 .461 .461 .461 .461 .461 SOFTWARE .446 .446 .41 .41 .392 .357 BIOTECH .437 .467 .485 .462 .452 .457 COMODITY .435 .435 .41 .435 .435 .435 FOOD .428 .428 .428 .428 .469 .469 SP500 .41 .406 .427 .433 .459 .449 DOWJONES .4 .433 .566 .566 .566 .566 INDEXES .4 .405 .432 .448 .459 .443 RUS-1000 .4 .392 .403 .406 .428 .42 FIDSTKS .39 .414 .443 .449 .467 .449 NIFTY .386 .363 .386 .386 .409 .386 INFRA .363 .393 .393 .393 .393 .393 SP-100 .355 .377 .422 .433 .433 .433 RETAIL .347 .347 .369 .347 .369 .391 TRANSP .315 .315 .315 .421 .421 .473 HACKERS .312 .312 .25 .25 .312 .25 ELECTRON .293 .285 .285 .248 .255 .263 CHEM .279 .279 .279 .255 .279 .302 LOWPRICE .272 .28 .292 .292 .269 .263 SEMI .265 .234 .244 .191 .244 .244 REIT .254 .237 .286 .245 .254 .245 BONDFUND .252 .321 .333 .229 .275 .402 COMPUTER .25 .35 .4 .25 .25 .25 SOLAR .25 .125 .062 .062 .125 .062 JETS .23 .23 .23 .307 .23 .23 MILITARY .23 .192 .269 .269 .23 .23 AUTO .226 .226 .245 .264 .283 .226 INDMATER .208 .236 .25 .25 .277 .263 MARIJUAN .2 .1 .3 .2 .2 .2 COAL .166 .166 .166 .166 .166 .166 EDU .166 .166 .166 0 .166 0 FINANCE .162 .2 .2 .187 .2 .187 CHINA .159 .136 .181 .159 .136 .159 OILGAS .123 .113 .134 .154 .154 .175 REGBANKS .073 .073 .048 .048 .048 .048 BIGBANKS 0 .142 .142 .142 .142 .142 COPPER 0 0 0 .142 .142 .142 |
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Friday - 5/12/2023 - 5:40 AM Futures
DJI+125 NASDAQ +35 Data used 5/11/2023
5/11/2023
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The DJI
fell 400 in early trading and then recovered about half what it lost in a steady rally engineered by steady Professional buying in the second half of the day's trading. The buyers were, we may guess, covering some shorts and buying in preparation for another rally attempt on a Friday. The central tendency that we have capitalized on, namely that the weakest MINCPs would fall and many of the strongest MAXCPs would rise, again played out Thursday. See how weak the regional banks were and some of the retail stocks, like CVS, were. Home-building stocks again rose. Also moving up were the brightest names in the big tech sector, GOOG, and AMZN. APPL and MSFT are also hovering near their highs. That has allowed the NASDAQ and QQQ to push up to another marginal recovery high on their six-month candlestick charts. In buying them today, despite the looming loggerheads and stalemate in the Federal budget talks, Professionals are apparently counting on a compromise between Biden and McCarthy being reached. They also are looking ahead to a Fed announcement that there will be a pause in interest rate hikes. They may be right about their second expectation. Surely, the FED does not want to cause more bank failures. And inflation is probably ebbing. Look at the toppish pattern in the oil service sector (Table 2). The rally that will be attempted today comes as the DJI bounces up from the support of its 65-dma. But can it carry very far. Only 36% of all stocks and ETFs are above their 65-dma. The cumulative Up Volume minus Down Volume and all our other key Peerless indicators on the DJI are falling. We are still waiting for a Peerless buy signal and the DJI has a strong tendency to fall over the next two months at this time of year in the third year of the 4-year Presidential cycle. Hedging is still advised. Without more volume and better breadth, the DJI is not likely to achieve a breakout. There remains too much overhead resistance for most stocks. |
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5/11/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90511.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-11-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-11-2023/BEARISH.htm |
Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/11/2023 --- Bullish = 2 GLD (.274), TECL (+.383) Bearish = 1 OIH (-.386) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 333.33 -2.16 336.73 29.8% Bearish RED .132 ----- ----- --------------------------------------------------------------------------------------------- COMPQX 12328.51 22.07 12235.41 148.5% ------- BLUE .119 .064 .183 --------------------------------------------------------------------------------------------- SPY 412.13 -.72 412.63 85.2% ------- BLUE .138 .025 .163 --------------------------------------------------------------------------------------------- QQQ 326.2 1.06 322.89 155.8% ------- BLUE .124 .101 .225 --------------------------------------------------------------------------------------------- MDY 444.43 -2.94 449.5 50.2% Bearish RED -.057 -.085 -.142 --------------------------------------------------------------------------------------------- IWM 173.07 -1.34 174.45 77% Bearish RED .004 -.101 -.097 --------------------------------------------------------------------------------------------- FAS 55.75 -.36 57.37 194.2% Bearish BLUE .09 -.328 -.238 --------------------------------------------------------------------------------------------- RETL 6.46 -.04 6.44 391.1% Bearish ---- -.001 -.238 -.239 --------------------------------------------------------------------------------------------- SOXL 14.07 -.24 14.47 165.6% ------- RED .105 -.061 .044 --------------------------------------------------------------------------------------------- TECL 36.46 -.52 36.62 326.4% ------- RED .069 .314 .383 --------------------------------------------------------------------------------------------- IBB 130.43 -.6 131.92 5% ------- RED .146 -.001 .145 --------------------------------------------------------------------------------------------- GLD 187.13 -1.62 187.46 -87.7% ------- RED .197 .077 .274 --------------------------------------------------------------------------------------------- DBO 13.91 -.24 13.83 193.7% Bearish ---- -.16 -.085 -.245 --------------------------------------------------------------------------------------------- OIH 252.37 -7.46 261.58 -42.5% Bearish RED -.157 -.229 -.386 --------------------------------------------------------------------------------------------- CPER 22.75 -.88 23.91 -188.6% Bearish RED -.049 -.123 -.172 --------------------------------------------------------------------------------------------- TAN 69.81 -.08 70.21 110.8% Bearish BLUE .044 -.107 -.063 --------------------------------------------------------------------------------------------- UUP 27.92 .18 27.66 39.7% Bullish ---- .036 -.032 .004 --------------------------------------------------------------------------------------------- CORN 22.96 -.25 23.78 -108.8% Bullish RED .123 -.108 .015 --------------------------------------------------------------------------------------------- WEAT 6.34 -.09 6.61 -99.9% ------- RED .101 -.139 -.038 --------------------------------------------------------------------------------------------- YINN 41.45 1.27 42.17 112.3% Bearish BLUE .03 -.138 -.108 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/12/23 Bullish = 9 Bearish = 40 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .857 .928 .928 .857 .857 HOMEBLDG .833 .833 .833 .833 .833 .777 ----- UTILITY .743 .82 .769 .794 .769 .743 GOLD .666 .777 .8 .8 .777 .777 HOSPITAL .642 .642 .642 .642 .642 .642 ETFS .636 .727 .709 .745 .727 .527 INSURANC .56 .52 .6 .52 .52 .4 NASD-100 .53 .57 .54 .6 .55 .41 ===== HIGHPRIC .515 .536 .506 .562 .528 .406 ================================================================================================ GUNS .5 .5 .428 .428 .428 .357 ================================================================================================= GAMING .473 .526 .578 .684 .578 .421 BIOTECH .467 .482 .465 .452 .452 .398 DJI-13 .461 .461 .461 .461 .461 .461 SOFTWARE .446 .428 .41 .392 .339 .267 COMODITY .435 .435 .41 .435 .435 .41 DOWJONES .433 .566 .566 .566 .566 .5 ===== FOOD .428 .448 .408 .469 .469 .408 FIDSTKS .414 .443 .449 .467 .449 .366 SP500 .406 .427 .435 .455 .449 .357 ===== INDEXES .405 .432 .448 .459 .432 .378 INFRA .393 .393 .393 .393 .393 .363 RUS-1000 .392 .403 .406 .428 .418 .328 GREEN .388 .388 .444 .444 .444 .5 SP-100 .377 .422 .433 .433 .433 .355 NIFTY .363 .386 .386 .409 .386 .295 COMPUTER .35 .4 .25 .25 .25 .25 RETAIL .347 .369 .347 .369 .369 .239 BONDFUND .321 .321 .229 .287 .379 .218 TRANSP .315 .315 .421 .421 .473 .315 HACKERS .312 .25 .25 .312 .25 .125 ELECTRON .285 .285 .248 .255 .255 .218 LOWPRICE .28 .295 .295 .272 .255 .243 CHEM .279 .279 .255 .279 .302 .232 REIT .237 .278 .254 .262 .229 .188 INDMATER .236 .25 .25 .277 .263 .222 SEMI .234 .244 .191 .244 .234 .18 JETS .23 .23 .307 .23 .23 .153 AUTO .226 .264 .264 .283 .226 .113 FINANCE .2 .2 .187 .187 .187 .175 MILITARY .192 .269 .269 .23 .23 .23 COAL .166 .166 .166 .166 .166 .166 EDU .166 .166 0 .166 0 0 BIGBANKS .142 .142 .142 .142 .142 0 CHINA .136 .181 .159 .136 .159 .25 SOLAR .125 .062 .062 .125 .062 .062 OILGAS .113 .134 .154 .154 .175 .113 MARIJUAN .1 .3 .2 .2 .2 0 REGBANKS .073 .048 .048 .048 .048 .048 ----- COPPER 0 0 .142 .142 .142 0 |
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Thursday - 5/11/2023 - 4:30 AM Futures DJI -83 NASDAQ +7 Data
used 5/10/2023
5/10/2023
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The DJI internals are falling and negative. As yesterday showed, even its opening strength cannot be trusted. May is not usually a good time to buy the DJI. It rises only 33% of the time over the next two months in years before a Presidential Election since 1967 after May 10th. Bulls may hope that the NASDAQ will outperform the DJI, but more often a DJI decline causes the NASDAQ to retreat, too. The DJI remains trapped between its rising support line and its flat resistance about 800 points above today's close. Its Closing Power is below its falling 21-dma. Professionals are now net sellers as they grow cautious from the unresolved political conflict over whether the Congress should authorize payments of the Federal deficit, including payments to contractors, senions and physicians. In 2011, no agreement was reached until the DJI swooned 17% as US debt began to be downgraded by credit agencies. The Publc and overseas buyers assume that an agreement will be reached. I would not bet on that. Tonight former President Trump decared that Congress should allow the Federal Government to go in default. This will make it harder for a compromise to be reached. But the bulls dismiss this as poltical theatrics and now happily believe that a pause in the FED's raising of interes rates is at hand. Tell that to the regional bankers that fell some more today. Or the retail stocks, whose index RETL threatens now to break down to new lows. Or to Peerless followers who understand that March and April Sell S12s sometimes take a month to turn the DJI down. Less than 40% of all 6000 stocks and ETFs we track are safely back above their 65-dma. The main aspect of the market remains unchanged. With the DJI's volatility tightly bound by its rising support and flat resistance, it pays for traders to look elsewhere for vehicles suitable for trading. While the QQQ and NASDAQ did make nominal recovery highs today and do showing rising uptrends of Closing Power, so that one could pick them to go long, that may not make much money. It picks a fight with the still active Sell S12 and ignores the weakness in the broad market and most of all in NASDAQ stocks, where there were many more new lows than new highs today. So, once again, I have to urge hedging. And once again, it was profitable in most of its longs and in its shorts today. See the Bullish MAXCPs for longs, especially MSFT, NVDA, home-builders, LLY and the "sweets-stocks". For shorts, note the continuing declines in the regional banks and how it is now threatening even FAS with a serious breakdown. The weakest retailers keep falling. Look at CVS. M (Macy's) has now broken down, too A new price low by RETL will probably start another leg down for that ETF and its relailer components. While it is true the number of new highs may increase briefly, I am much more concerned that SCHWab will breakdown along with AA (Alcoa), Bank of America (BAC), Northrop (NOC), and MMM in the DJI-30. |
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5/10/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90510.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-10-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-10-2023/BEARISH.htm |
STOCKS TO WATCH |
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BEARISH STOCKS | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table 1 - Daily Volume and Breadth Statistics
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Table 2 QUICKSILVER on ETFS - 5/10/2023 --- Bullish = 2 GLD (.332), TECL (+.305) Bearish = 3 FAS (-.311) RETL (-.371), OIH (-.331) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 335.49 -.28 331.33 20.6% Bearish RED .073 0 --- --------------------------------------------------------------------------------------------- COMPQX 12306.44 126.89 11966.4 115.8% ------- BLUE .052 .047 .099 --------------------------------------------------------------------------------------------- SPY 412.85 1.92 405.13 58.9% ------- RED .065 .015 .08 --------------------------------------------------------------------------------------------- QQQ 325.14 3.5 316.17 122.5% ------- BLUE .051 .08 .131 --------------------------------------------------------------------------------------------- MDY 447.37 .8 439.95 -5.2% Bearish RED -.098 -.085 -.183 --------------------------------------------------------------------------------------------- IWM 174.41 .88 170.4 60.1% Bearish RED -.04 -.1 -.14 --------------------------------------------------------------------------------------------- FAS 56.11 -1 53.56 38.2% Bearish RED .028 -.339 -.311 --------------------------------------------------------------------------------------------- RETL 6.5 -.01 5.96 205% Bearish RED -.09 -.281 -.371 --------------------------------------------------------------------------------------------- SOXL 14.31 .37 13.6 166.7% Bearish RED .048 -.051 -.003 --------------------------------------------------------------------------------------------- TECL 36.98 1.27 34.11 333.6% ------- BLUE .011 .294 .305 --------------------------------------------------------------------------------------------- IBB 131.03 .43 130.3 13.4% ------- RED .102 .003 .105 --------------------------------------------------------------------------------------------- GLD 188.75 -.27 190.44 -9.5% Bullish RED .248 .084 .332 --------------------------------------------------------------------------------------------- DBO 14.15 -.1 13.37 305% Bearish RED -.141 -.064 -.205 --------------------------------------------------------------------------------------------- OIH 259.83 -3.3 254.58 121.6% Bearish RED -.139 -.192 -.331 --------------------------------------------------------------------------------------------- CPER 23.63 -.4 23.65 10.5% ------- ---- .01 -.076 -.066 --------------------------------------------------------------------------------------------- TAN 69.89 .64 68.27 85.2% Bearish BLUE .003 -.087 -.084 --------------------------------------------------------------------------------------------- UUP 27.74 -.05 27.7 12.6% Bullish ---- -.01 -.051 -.061 --------------------------------------------------------------------------------------------- CORN 23.21 .05 23.47 -59.6% Bullish BLUE .119 -.101 .018 --------------------------------------------------------------------------------------------- WEAT 6.43 -.04 6.47 -7.7% ------- ---- .093 -.128 -.035 --------------------------------------------------------------------------------------------- YINN 40.18 -.8 40.52 310.5% Bearish BLUE -.074 -.067 -.141 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/10/23 Bullish = 11 Bearish = 37 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .928 .928 .857 .857 .857 HOMEBLDG .833 .833 .833 .833 .777 .833 UTILITY .82 .769 .794 .769 .743 .666 GOLD .777 .8 .8 .777 .777 .755 ETFS .727 .709 .745 .727 .545 .49 HOSPITAL .642 .642 .642 .642 .642 .714 NASD-100 .57 .54 .6 .55 .41 .42 DOWJONES .566 .566 .566 .566 .5 .533 HIGHPRIC .536 .506 .562 .528 .406 .471 GAMING .526 .578 .631 .631 .421 .631 INSURANC .52 .6 .52 .52 .4 .48 ============================================================================================ GUNS .5 .428 .428 .428 .357 .357 ============================================================================================ BIOTECH .482 .462 .455 .452 .398 .412 DJI-13 .461 .461 .461 .461 .461 .461 FOOD .448 .428 .448 .469 .408 .408 FIDSTKS .443 .449 .467 .449 .366 .384 COMODITY .435 .435 .41 .435 .41 .41 INDEXES .432 .448 .459 .432 .378 .378 SOFTWARE .428 .428 .392 .339 .285 .339 SP500 .427 .435 .457 .445 .361 .386 SP-100 .422 .433 .433 .433 .355 .388 RUS-1000 .403 .406 .428 .418 .328 .36 COMPUTER .4 .25 .25 .25 .25 .25 INFRA .393 .393 .393 .393 .363 .363 GREEN .388 .444 .444 .444 .5 .388 NIFTY .386 .386 .409 .386 .295 .318 RETAIL .382 .361 .382 .382 .234 .255 BONDFUND .321 .218 .287 .39 .229 .241 TRANSP .315 .421 .421 .473 .315 .421 MARIJUAN .3 .2 .2 .2 0 .1 LOWPRICE .295 .297 .275 .257 .243 .246 ELECTRON .285 .248 .255 .255 .21 .187 CHEM .279 .255 .279 .302 .232 .255 REIT .278 .245 .27 .237 .163 .147 MILITARY .269 .269 .23 .23 .23 .423 AUTO .264 .283 .283 .226 .113 .15 HACKERS .25 .25 .312 .25 .125 .125 INDMATER .25 .25 .277 .263 .222 .263 SEMI .244 .191 .244 .234 .17 .159 JETS .23 .307 .23 .23 .307 .384 FINANCE .2 .187 .187 .175 .175 .175 CHINA .181 .159 .136 .159 .295 .272 COAL .166 .166 .166 .166 .166 .166 EDU .166 0 .166 0 0 .166 BIGBANKS .142 .142 .142 .142 0 0 OILGAS .134 .154 .154 .175 .113 .123 SOLAR .062 .062 .125 .062 .062 .062 REGBANKS .048 .048 .048 .048 .048 .048 COPPER 0 .142 .142 .142 0 .142 |
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Wednesday - 5/10/2023 - 6:15 AM Futures DJI
+100 NASDAQ +50 Data used 5/9/2023
5/9/2023
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The
technical picture of the general market is unchanged, even if we now factor in "only" a 4.9% yearly rise in the just reported CPI. Bulls will note the rising Closing Powers for the NASDAQ, DIA, QQQ and SPY. Professionals expected a modest subsidence in the rate of inflation. Enough of the most heavily weighted stocks that make up the SP-500 and NASDAQ are rising and near their highs to hold the market up, too. And the flat tops in these major indexes and ETFs do most often become platforms for breakout advances. But the basic technical fact is less than 40% of all stocks are above their 65-dma. Most are struggling not to breakout but to just hold up. And now all stocks must wait for the Republican House Speaker and the Democrat President to agree on some kind of a compromise about the Budget and how to pay for Federal debts about to come due in June. Will a trillion dollar coin have to be minted? Will the XIV ammendment's reference to the debt of the US not being questioned be claimed by the Administration? Willl right wing budget hawks settle for anything less than surrender by Democrats who have too long made a specialty of spending other people's money? For months the DJI has wobbled and fluctuated between 32000 and 34500. Too little movement to make money except for those who write covered calls or who play a different game, namely betting on the strongest sectors and shorting the weakest. That startegy has meant shorting regional banks or very weak retailers and buy some leading home-builders. beverage or sugar stocks and gold stocks. I've seen nothing so far that would justify changing our approach. |
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5/9/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90509.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-09-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-09-2023/BEARISH.htm |
Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/9/2023 --- Bullish = 1 GLD (.363) Bearish = 3 FAS (-26) RETL (-.333), OIH (-.298) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 335.77 -.45 334.11 -16.4% Bearish BLUE .066 0 ---- --------------------------------------------------------------------------------------------- COMPQX 12179.55 -77.37 12025.33 40.9% ------- RED .002 .042 .044 --------------------------------------------------------------------------------------------- SPY 410.93 -1.81 408.02 1.1% ------- RED .032 .013 .045 --------------------------------------------------------------------------------------------- QQQ 321.64 -2.05 317.29 35.3% ------- RED -.006 .074 .068 --------------------------------------------------------------------------------------------- MDY 446.57 -1.52 447.83 -15.4% Bearish BLUE -.094 -.082 -.176 --------------------------------------------------------------------------------------------- IWM 173.53 -.52 172.33 53% Bearish BLUE -.038 -.098 -.136 --------------------------------------------------------------------------------------------- FAS 57.11 -.68 55.68 -55.8% ------- BLUE .053 -.318 -.265 --------------------------------------------------------------------------------------------- RETL 6.51 -.04 6.24 126.8% Bearish ---- -.057 -.276 -.333 --------------------------------------------------------------------------------------------- SOXL 13.94 -.71 13.84 -144.5% Bearish RED .015 -.059 -.044 --------------------------------------------------------------------------------------------- TECL 35.71 -.85 34.61 25.4% ------- RED -.046 .248 .202 --------------------------------------------------------------------------------------------- IBB 130.6 -.25 130.68 30.2% ------- BLUE .087 .009 .096 --------------------------------------------------------------------------------------------- GLD 189.02 1.33 189.11 39.8% Bullish BLUE .265 .098 .363 --------------------------------------------------------------------------------------------- DBO 14.25 .15 13.31 153.4% ------- BLUE -.122 -.042 -.164 --------------------------------------------------------------------------------------------- OIH 263.13 1.03 253.53 123.8% Bearish BLUE -.114 -.184 -.298 --------------------------------------------------------------------------------------------- CPER 24.03 -.06 23.58 67.3% Bullish BLUE .012 -.037 -.025 --------------------------------------------------------------------------------------------- TAN 69.25 -.7 68.71 31.8% Bearish RED .015 -.087 -.072 --------------------------------------------------------------------------------------------- UUP 27.79 .09 27.67 -5.4% Bullish ---- -.023 -.04 -.063 --------------------------------------------------------------------------------------------- CORN 23.16 -.43 23.49 21.3% Bullish ---- .091 -.111 -.02 --------------------------------------------------------------------------------------------- WEAT 6.47 -.09 6.44 248.2% Bearish ---- .066 -.118 -.052 --------------------------------------------------------------------------------------------- YINN 40.98 -2.23 37.64 373.4% Bearish BLUE -.102 -.075 -.177 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/9/23 Bullish = 11 Bearish = 38 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .857 .857 .857 .857 HOMEBLDG .833 .833 .833 .777 .833 .833 GOLD .8 .8 .777 .777 .755 .777 UTILITY .769 .794 .769 .743 .641 .743 ETFS .709 .745 .727 .545 .509 .49 HOSPITAL .642 .642 .642 .642 .714 .714 INSURANC .6 .52 .52 .4 .48 .48 GAMING .578 .631 .578 .473 .631 .578 DOWJONES .566 .566 .566 .5 .533 .533 NASD-100 .54 .6 .55 .41 .42 .47 HIGHPRIC .506 .562 .528 .406 .467 .48 ================================================================================================ BIOTECH .462 .452 .455 .398 .407 .355 DJI-13 .461 .461 .461 .461 .461 .461 FIDSTKS .449 .467 .449 .366 .378 .414 INDEXES .448 .459 .432 .378 .378 .389 GREEN .444 .444 .444 .5 .333 .388 COMODITY .435 .435 .41 .41 .41 .41 SP500 .435 .457 .447 .357 .386 .396 SP-100 .433 .433 .433 .355 .388 .4 FOOD .428 .469 .448 .408 .408 .408 GUNS .428 .428 .428 .357 .357 .357 SOFTWARE .428 .41 .339 .285 .339 .357 TRANSP .421 .421 .473 .315 .421 .368 RUS-1000 .406 .428 .418 .328 .356 .362 INFRA .393 .393 .393 .363 .333 .333 NIFTY .386 .409 .386 .295 .318 .363 RETAIL .361 .382 .382 .234 .255 .34 JETS .307 .23 .23 .307 .384 .307 LOWPRICE .297 .277 .26 .246 .246 .243 AUTO .283 .301 .226 .113 .132 .226 MILITARY .269 .23 .23 .23 .423 .346 CHEM .255 .279 .302 .232 .232 .232 COMPUTER .25 .25 .25 .25 .25 .3 HACKERS .25 .312 .25 .125 .125 .125 INDMATER .25 .277 .263 .222 .263 .277 ELECTRON .248 .255 .255 .21 .187 .21 REIT .245 .262 .245 .172 .122 .106 BONDFUND .218 .275 .39 .241 .229 .218 MARIJUAN .2 .2 .2 0 .1 .1 SEMI .191 .244 .234 .17 .159 .191 FINANCE .187 .187 .175 .162 .162 .187 COAL .166 .166 .166 .166 .166 .166 CHINA .159 .136 .159 .295 .272 .25 OILGAS .154 .154 .175 .113 .123 .134 BIGBANKS .142 .142 .142 0 0 .142 COPPER .142 .142 .142 0 .142 .142 SOLAR .062 .125 .062 .062 .062 .062 REGBANKS .048 .048 .048 .048 .048 .048 EDU 0 .166 0 0 .166 .166 |
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Tuesday - 5/9/2023 - 6:06 AM Futures DJI -90 NASDAQ -75 Data
used 5/8/2023
5/8/2023
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The DJI-30 looks droopy. Most
of its internal strength indicators are falling and negative. Even its Closing Power is just barely rated as positive and rising upon inspection of DIA's chart below. This past year's best two indicators for the DJI have been the trend of the 21-dma of advances minus declines (or the PI, as we call it) and the 50-day stochastic. Both have broken their uptrends. Note also how the DJI has not been able to get past its 21-dma. The lowest Power Ranked stock in the DJI-30 is now its most heavily weighted component, UNH. All this and the still active, if delayed, S12 suggest that a DJI decline from its flat overhead resistance appears to be in the making. A retesting of 33,000 would not come as a surprise, especially if Biden and McCarthy have a public "falling out" arguing about the limit on the Federal Deficit. But what if the CPI number comes out below 5% from a year ago. Would not that encourage the bulls? Judging from the again falling regional banks, the CPI's rise from last year, as released on Wednesday, Inflation may not subside enough to cause the FED to pause in their pushing for higher interest rates. I have said I thought that the FED will pause for fear of causing more bankruptcies among the regional banks. But I may be wrong. The FED created a near-decpression in 1920-1921 which led to a host of banks failing and even the bombing of Wall Street. The FED did not lower rates until 18 months after they began raising rates. Of course, they delayed way too long from 1930 to 1933. But they did relent in early 1967 after raising rates in early 1967. They waited too long in 2008. But they suddenly switched from tight to lose money in 2018. So, realistically, we can only wait and see. Oh, and also watch the Professionals and our Closing Power. See how Table 2 below rates the Professionals predominately bearish now. Meanwhile our falling Accumulation Index trends are warnng that big money is unwilling to do the necessary buying on strength to bring about breakouts in most stocks or key ETFs. That is also why down-day volume recently has been above up-day volume. All this is why I've suggested hedging, being long the strongest stocks and short the weakest. The Bullish MAXCPs emphasize the "Sugar" stocks and home-builders as well as NVDA and AAPL. The Bearish MINCPS offer some retailers as well as lots of regional bank stocks. Watch RETL to see if it breaks down to a new low. Higher interest rates will definitely reduce credit card buying. The way MA (Master Card) has risen to its old highs suggests it may the way to making more money is to raise the interest rates on credit card still higher since the Jobs Report shows no recession is in sight. |
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5/8/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90506.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-08-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-08-2023/BEARISH.htm |
DJI looks bearish with so many declining internal strength indicators and Sell from Stochastic-50 |
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With DIA,
Closing Power's 21-dma is falling while trend is still up. |
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At flat resistance - CP
is just above its ma. Note heavier down volume at bottom. |
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STRONG STOCK FOLLOW: |
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WEAK STOCKS FOLLOW | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
STRONG STOCKS FOLLOW |
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Daily Breadth Statistics
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Table 2 QUICKSILVER on ETFS - 5/6/2023 --- Bullish = 2 GLD (.37), TECL (.322) Bearish = 3 RETL (-.311), OIH (-.306) and DBOil (-.258) Closing Power - All but UUP, Gold and Corn are falling and bearish. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 336.22 -.51 336.87 -61.6% Bearish RED .118 0 ----- --------------------------------------------------------------------------------------------- COMPQX 12256.92 21.51 12080.51 18.3% ------- BLUE .073 .051 .124 --------------------------------------------------------------------------------------------- SPY 412.74 .11 410.84 -33.7% ------- RED .09 .017 .107 --------------------------------------------------------------------------------------------- QQQ 323.69 .8 319.38 23.5% ------- BLUE .051 .084 .135 --------------------------------------------------------------------------------------------- MDY 448.09 -1.41 447.95 -70.9% Bearish RED -.057 -.081 -.138 --------------------------------------------------------------------------------------------- IWM 174.05 -.4 171.7 -36.2% Bearish RED -.014 -.096 -.11 --------------------------------------------------------------------------------------------- FAS 57.79 .42 57.74 -370.1% ------- RED .089 -.313 -.224 --------------------------------------------------------------------------------------------- RETL 6.55 .11 6.35 79.5% Bearish ---- -.037 -.274 -.311 --------------------------------------------------------------------------------------------- SOXL 14.65 .18 14.35 -3.5% Bearish BLUE .053 -.001 .052 --------------------------------------------------------------------------------------------- TECL 36.56 -.06 35.53 0% ------- BLUE .018 .294 .312 --------------------------------------------------------------------------------------------- IBB 130.85 -1.07 129.81 -26.4% ------- RED .088 .01 .098 --------------------------------------------------------------------------------------------- GLD 187.69 .23 187.52 99.1% Bullish RED .266 .09 .356 --------------------------------------------------------------------------------------------- DBO 14.1 .27 13.83 -159.7% Bearish RED -.189 -.069 -.258 --------------------------------------------------------------------------------------------- OIH 262.1 .52 256.75 -215.2% Bearish RED -.127 -.179 -.306 --------------------------------------------------------------------------------------------- CPER 24.09 .18 23.71 -6.3% ------- ---- -.022 -.023 -.045 --------------------------------------------------------------------------------------------- TAN 69.95 -.26 68.81 -85% Bearish RED .028 -.061 -.033 --------------------------------------------------------------------------------------------- UUP 27.7 .04 27.82 -34.2% Bullish BLUE -.058 -.052 -.11 --------------------------------------------------------------------------------------------- CORN 23.59 -.19 23.06 76.9% Bullish RED .109 -.105 .004 --------------------------------------------------------------------------------------------- WEAT 6.56 -.05 6.15 274.5% ------- RED .06 -.121 -.061 --------------------------------------------------------------------------------------------- YINN 43.21 1.04 37.97 356.1% Bearish RED -.086 .012 -.074 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/8/23 Bullish = 11 - Top 3 are Beverages, Homebldg and Gold) Bearish = 38 - Regional Banks remains lowest. --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .857 .857 .857 .857 .928 HOMEBLDG .833 .833 .777 .833 .833 .833 GOLD .8 .777 .777 .755 .777 .733 UTILITY .789 .789 .763 .657 .763 .842 ETFS .745 .727 .545 .509 .49 .545 HOSPITAL .642 .642 .642 .714 .714 .785 GAMING .631 .578 .421 .684 .578 .631 NASD-100 .6 .55 .41 .42 .47 .56 DOWJONES .566 .566 .5 .533 .533 .6 HIGHPRIC .562 .528 .406 .467 .48 .549 INSURANC .52 .52 .4 .48 .48 .48 ======================================================================================================= FOOD .469 .469 .387 .408 .408 .408 FIDSTKS .467 .449 .366 .378 .408 .485 DJI-13 .461 .461 .461 .461 .461 .538 INDEXES .459 .432 .378 .378 .389 .448 SP500 .457 .447 .359 .381 .398 .476 BIOTECH .452 .452 .4 .407 .353 .395 GREEN .444 .444 .5 .333 .388 .555 COMODITY .435 .435 .384 .41 .41 .384 SP-100 .433 .433 .355 .388 .4 .444 GUNS .428 .428 .357 .357 .357 .357 RUS-1000 .428 .418 .328 .356 .362 .437 TRANSP .421 .473 .315 .421 .368 .421 SOFTWARE .41 .357 .285 .339 .357 .41 NIFTY .409 .386 .295 .318 .363 .431 INFRA .393 .393 .363 .333 .333 .363 RETAIL .382 .382 .234 .255 .34 .361 HACKERS .312 .25 .125 .125 .125 .25 AUTO .301 .245 .113 .132 .226 .245 REIT .292 .269 .215 .169 .138 .176 CHEM .279 .302 .232 .232 .232 .279 INDMATER .277 .263 .222 .263 .277 .291 LOWPRICE .277 .263 .249 .249 .243 .249 BONDFUND .275 .379 .241 .241 .229 .114 ELECTRON .255 .255 .21 .187 .203 .233 COMPUTER .25 .25 .25 .25 .3 .4 SEMI .244 .234 .17 .159 .18 .202 JETS .23 .23 .307 .384 .23 .307 MILITARY .23 .23 .23 .423 .346 .461 MARIJUAN .2 .2 0 .1 .1 .1 FINANCE .187 .175 .162 .15 .187 .25 COAL .166 .166 .166 .166 .166 .166 EDU .166 0 0 .166 .166 .333 OILGAS .154 .175 .113 .123 .134 .278 BIGBANKS .142 .142 0 0 .142 .142 COPPER .142 .142 0 .142 .142 .142 CHINA .136 .159 .295 .272 .227 .272 SOLAR .125 .062 .062 .062 .062 .187 REGBANKS .048 .048 .048 .048 .048 .024 |
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Monday - 5/8/2023 - 6:08 AM Futures DJI
+101 NASDAQ -25 Data used
5/5/2023
5/5/2023
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Hedging is recommended.
Though the DJI and the big indices are close to making breakouts, we have no new Peerless Buy. In addion, only 36% of all stocks are above their 65-dma and new lows outnumbered new highs. The charts for the DJI, DIA, NASDAQ, SPY and QQQ show the market must now eat up flat overhead resistance. The Jobs' Report of last week argues that the result of the Fed's hikes will be a soft landing for the general economy. At the same time, the regional bank bankruptcies and their panic will make it difficult for the FED to continue to raise rates unless they are willing to risk causing a financial panic, something their their original charter instructed them to prevent. But this week the CPI (Inflation) numbers will be released. If the CPI rise from a year ago is still above 5%, I think we can assume Powell and friends will opt to raise rates by another 1/4%. That will certainly hurt the weakest the regional banks. But what else? The market is minimizing the risk of a Budget Default in June if the Congressional Republicans and the White House cannot reach an accord to lift the Debt Ceiling. In the past, an agreement has always been reached. But in 2011, it took a 17% sell-off in the DJI to bring that about. Professionals, judging by our Closing Powers, do not think this will happen. I went through all the SP-500 charts tonight looking for head/shoulders patterns. If there was going to be a big sell off, one would expect numerous head and shoulders tops. I found only two, Morgan Stanley (MS) and Schlumberger (SLB). See below. Watch these. If a decline is expected, their necklines should be challenged soon. What I did find looking at the SP-500 charts were numberous bullishly uptrending stocks. Probably twice as many of these as bearish SP-500 stocks making new lows. This comes as a surprise because there are still more SP-500 stocks below their 65-dma than above it. See Table 3. The biggest tech stocks, AAPL, MSFT and NVDA are at or very near their yearly highs. So are drug stocks LLY, MRK, BIIB and VRTX. The sugar and beverage stocks, HSY, MNST and PEP, are very strong. Sugar consumption may soon not have the big health risks thanks to LLY's anti-diabetes drug. That also means higher milkshake sales at MCD. See their charts below. Surprisingly also bullish are the home builders. Such is the need for more affordable housing that cities like Los Angeles are offering home builders big incentives. See the charts of PHM, LEN and PHM on our Hotline. I recognize that buying such stocks may seem risky. But their Closing Power and Relative Strength lines are still rising. They show positive Accumulation. And we can hedge them with shorts on the still very weakest stocks, like CVS, DISH, MMM and M. Until their Closing Power and Relative Strength downtrends are broken to the upside, hedging this way seems reasonable. Watch to see if RETL holds up above its recent lows. Watch to see if SCHW can turn back up. Its Accumulation Index is positive and uptrending. |
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5/5/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90505.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-05-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-05-2023/BEARISH.htm |
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Table 1: Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/5/2023 --- Bullish = 1 GLD (.37), TECL (.266) Bearish = 1 RETL (-.364), OIH (-.292) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 336.73 5.4 340.36 -63.8% ------- BLUE .141 0 .141 --------------------------------------------------------------------------------------------- COMPQX 12235.41 269.01 12212.6 3.6% ------- BLUE .072 .04 .112 --------------------------------------------------------------------------------------------- SPY 412.63 7.5 415.51 -40.1% ------- BLUE .106 .015 .121 --------------------------------------------------------------------------------------------- QQQ 322.89 6.72 322.19 5.2% ------- BLUE .061 .073 .134 --------------------------------------------------------------------------------------------- MDY 449.5 9.55 454.44 -58.5% ------- BLUE -.032 -.074 -.106 --------------------------------------------------------------------------------------------- IWM 174.45 4.05 175.3 -21.7% ------- BLUE .011 -.094 -.083 --------------------------------------------------------------------------------------------- FAS 57.37 3.81 62.03 -442.5% ------- BLUE .137 -.309 -.172 --------------------------------------------------------------------------------------------- RETL 6.44 .48 6.45 -110.8% Bearish BLUE -.045 -.319 -.364 --------------------------------------------------------------------------------------------- SOXL 14.47 .87 14.66 84.9% Bearish BLUE .038 -.056 -.018 --------------------------------------------------------------------------------------------- TECL 36.62 2.51 36.56 18.3% ------- BLUE .031 .235 .266 --------------------------------------------------------------------------------------------- IBB 131.92 1.62 131.54 54% ------- BLUE .125 .007 .132 --------------------------------------------------------------------------------------------- GLD 187.46 -2.98 183.97 71.1% Bullish BLUE .28 .09 .37 --------------------------------------------------------------------------------------------- DBO 13.83 .46 14.54 -329.5% ------- BLUE -.175 -.072 -.247 --------------------------------------------------------------------------------------------- OIH 261.58 7 273.29 -239.1% Bearish RED -.128 -.154 -.282 --------------------------------------------------------------------------------------------- CPER 23.91 .26 24.12 12.6% Bearish ---- -.006 -.045 -.051 --------------------------------------------------------------------------------------------- TAN 70.21 1.94 71.13 -127.5% ------- BLUE .053 -.075 -.022 --------------------------------------------------------------------------------------------- UUP 27.66 -.04 27.89 -16.2% Bullish RED -.082 -.037 -.119 --------------------------------------------------------------------------------------------- CORN 23.78 .31 23.23 85.7% Bullish BLUE .114 -.104 .01 --------------------------------------------------------------------------------------------- WEAT 6.61 .14 6.21 181.7% ------- BLUE .072 -.142 -.07 --------------------------------------------------------------------------------------------- YINN 42.17 1.65 40.38 174.9% Bearish BLUE -.056 -.099 -.155 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/5/23 Bullish = 11 Bearish = 38 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .857 .857 .857 .928 .928 ----- HOMEBLDG .833 .777 .833 .833 .833 .888 ----- UTILITY .789 .763 .657 .763 .815 .789 GOLD .777 .777 .755 .777 .733 .755 ETFS .727 .545 .509 .49 .563 .563 HOSPITAL .642 .642 .714 .714 .785 .785 GAMING .578 .421 .631 .631 .631 .578 DOWJONES .566 .5 .533 .533 .6 .7 ===== NASD-100 .55 .41 .42 .47 .55 .6 HIGHPRIC .528 .406 .467 .48 .545 .575 INSURANC .52 .4 .48 .48 .48 .44 ============================================================================================= TRANSP .473 .315 .421 .368 .421 .368 FOOD .469 .408 .387 .408 .408 .448 DJI-13 .461 .461 .461 .461 .538 .692 BIOTECH .452 .398 .41 .353 .393 .36 FIDSTKS .449 .366 .378 .408 .479 .497 SP500 .447 .359 .383 .394 .472 .48 ===== GREEN .444 .5 .333 .388 .555 .444 COMODITY .435 .41 .384 .41 .384 .435 SP-100 .433 .355 .388 .4 .444 .477 INDEXES .432 .378 .378 .389 .432 .464 GUNS .428 .357 .357 .357 .357 .357 RUS-1000 .418 .328 .356 .362 .434 .431 INFRA .393 .363 .333 .333 .363 .363 NIFTY .386 .295 .318 .363 .431 .431 RETAIL .382 .234 .255 .34 .361 .404 BONDFUND .379 .229 .241 .241 .126 .356 SOFTWARE .357 .303 .339 .357 .41 .41 CHEM .302 .232 .232 .232 .279 .302 REIT .269 .207 .176 .146 .161 .192 INDMATER .263 .222 .263 .277 .291 .277 LOWPRICE .263 .252 .252 .246 .246 .237 ELECTRON .255 .21 .187 .203 .218 .218 COMPUTER .25 .25 .25 .3 .4 .35 HACKERS .25 .125 .125 .125 .25 .25 AUTO .245 .132 .132 .226 .245 .169 SEMI .234 .17 .159 .18 .18 .191 JETS .23 .307 .384 .23 .307 .23 MILITARY .23 .23 .423 .346 .461 .346 MARIJUAN .2 0 .1 .1 .1 .1 FINANCE .175 .162 .15 .175 .25 .262 OILGAS .175 .113 .123 .134 .278 .319 COAL .166 .166 .166 .166 .166 .166 CHINA .159 .295 .272 .227 .272 .204 BIGBANKS .142 0 0 .142 .142 .285 COPPER .142 0 .142 .142 .142 .142 SOLAR .062 .062 .062 .062 .187 .125 REGBANKS .048 .048 .048 .048 .024 .048 EDU 0 0 .166 .166 .333 .166 |
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Thursday - 5/5/2023 - 6:12 AM Futures
DJI +146 NASDAQ +52 Data used 5/4/2023
5/4/2023
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The
Jobs Report came out. There was no slowdown in the economy in April as 253,000 new jobs were created. This puts the FED on the spot. Their rapid raising of rates from near zero to 5% has primarily hurt the regional stocks. Ironically, they were invented supposedly to prevent financial panics. The main thing their rate increases have done so far is to force depositors into the welcome arms of the big banks and away from smaller banks. This is exactly what Jefferson, Jackson and all populists thought would be what a cental bank would do. Be that as it may, the FED will now be under pressure of inflation hawks and bond salesmen to continue to raise interest rates since the very positive Jobs' report would seem to indicate that inflation cannot be tamed, much less be brought back to 2%, with a rise of rates to only 5%. If it does raise rates to 5 1/2%, 6% or higher, it will do severe damage to regional banks. On this basis, a case can be made that we should just stay short the regional banks we started hedging with a month ago when they were much higher. However, the Regional Banks' Tiger chart, shown below, now shows a new optimized red Buy. In addition, the short side on these stocks is getting very over-crowded, thus making a rally more and more likely. So, I think, just as a public service, we should close out our shorts on regional bank stocks. We've made a lot of money very quickly. The only way the regional banks can keep on declining will be if there are public runs on these banks. The Jobs number will give some measure of reassurance to folks who may be getting scared by all the bearish hype about the regional banks. In any case, that leaves us short some of the weakest retail stocks, especially those that do most of their selling in malls. See those below. Now we must wait and see if RETL will break its major support. At the same time we are long the strongest of the home-builders. Their strength is a testimony to the immense unmet housing needs of the middle and lower classes in America and to the belief that the Fed will pause before resuming its rate hike path. As Powell has admitted, it takes 6 months and longer to see the effects of rate hikes. This would seem to be a basis for the FED pausung now. The DJI is testing its key 65-dma now. Fridays in bear markets do bring frequent rallies. But 5% rates hurt the many dividend stocks on the NYSE. That average has dropped below its 65-dma. Its price pattern could evolve into a bearish head and shoulders pattern if it should fall down steadily from here. So, watch the NYSE as well as the other indexes and charts below. The performance of oil drilling and service stocks as shown by OIH below is important. Note the classic head and shoulders pattern there. Weakness in OIH is a warning that oil prices will be coming down. |
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5/4/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90504.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-04-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-04-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/4/2023 --- Bullish = 1 GLD (.346) Bearish = 1 RETL (-.469) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 331.33 -2.78 341.03 -101.6% Bearish RED .12 ---- ---- --------------------------------------------------------------------------------------------- COMPQX 11966.4 -58.93 12226.58 -72.4% ------- RED .03 .037 .067 --------------------------------------------------------------------------------------------- SPY 405.13 -2.89 415.93 -88.2% ------- RED .084 .014 .098 --------------------------------------------------------------------------------------------- QQQ 316.17 -1.12 322.56 -65.2% ------- RED .009 .072 .081 --------------------------------------------------------------------------------------------- MDY 439.95 -7.88 454.75 -116.4% Bearish RED -.052 -.077 -.129 --------------------------------------------------------------------------------------------- IWM 170.4 -1.93 175.2 -94.4% Bearish RED -.012 -.096 -.108 --------------------------------------------------------------------------------------------- FAS 53.56 -2.12 62.53 -569.8% ------- RED .129 -.339 -.21 --------------------------------------------------------------------------------------------- RETL 5.96 -.28 6.58 -473.7% Bearish RED -.1 -.369 -.469 --------------------------------------------------------------------------------------------- SOXL 13.6 -.24 14.23 21.2% Bearish BLUE .016 -.019 -.003 --------------------------------------------------------------------------------------------- TECL 34.11 -.5 36.49 -175% ------- RED -.006 .218 .212 --------------------------------------------------------------------------------------------- IBB 130.3 -.38 130.51 42.2% ------- BLUE .117 .005 .122 --------------------------------------------------------------------------------------------- GLD 190.44 1.33 184.8 152.9% Bullish BLUE .226 .12 .346 --------------------------------------------------------------------------------------------- DBO 13.37 .06 14.75 -356.6% ------- ---- -.174 -.073 -.247 --------------------------------------------------------------------------------------------- OIH 254.58 1.05 274.13 -254.6% Bearish BLUE -.086 -.147 -.233 --------------------------------------------------------------------------------------------- CPER 23.65 .07 23.85 -37.8% ------- BLUE .023 -.068 -.045 --------------------------------------------------------------------------------------------- TAN 68.27 -.44 71.99 -316.9% Bearish RED .01 -.081 -.071 --------------------------------------------------------------------------------------------- UUP 27.7 .03 27.75 -1.8% Bullish ---- -.028 -.023 -.051 --------------------------------------------------------------------------------------------- CORN 23.47 -.02 23.38 4.3% Bullish BLUE .087 -.118 -.031 --------------------------------------------------------------------------------------------- WEAT 6.47 .03 6.38 87.2% Bearish BLUE .03 -.148 -.118 --------------------------------------------------------------------------------------------- YINN 40.52 2.88 40.79 22.8% Bearish BLUE -.096 -.136 -.232 |
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RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/4/23 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .857 .857 .928 .928 .928 GOLD .777 .755 .777 .733 .733 .755 HOMEBLDG .777 .833 .833 .833 .888 .777 UTILITY .763 .657 .763 .815 .789 .815 HOSPITAL .642 .714 .714 .785 .785 .785 ETFS .545 .509 .49 .563 .581 .49 DOWJONES .5 .533 .533 .6 .666 .566 GREEN .5 .333 .388 .555 .444 .444 DJI-13 .461 .461 .461 .538 .692 .538 GAMING .421 .631 .578 .684 .578 .526 COMODITY .41 .41 .384 .384 .435 .41 NASD-100 .41 .42 .47 .55 .58 .55 FOOD .408 .408 .387 .408 .448 .428 HIGHPRIC .406 .467 .48 .545 .571 .532 INSURANC .4 .48 .48 .48 .44 .4 BIOTECH .398 .407 .355 .393 .358 .348 INDEXES .378 .378 .389 .432 .459 .405 FIDSTKS .366 .378 .408 .479 .497 .467 INFRA .363 .333 .333 .363 .363 .333 SP500 .359 .383 .396 .468 .478 .427 GUNS .357 .357 .357 .357 .357 .285 SP-100 .355 .388 .4 .444 .477 .444 RUS-1000 .328 .356 .362 .434 .425 .38 TRANSP .315 .421 .368 .421 .368 .315 JETS .307 .384 .23 .307 .153 .153 SOFTWARE .303 .357 .357 .41 .41 .428 CHINA .295 .272 .227 .272 .181 .181 NIFTY .295 .318 .363 .431 .454 .409 LOWPRICE .252 .255 .249 .249 .234 .223 COMPUTER .25 .25 .3 .4 .35 .3 RETAIL .234 .255 .34 .361 .404 .361 CHEM .232 .232 .232 .279 .279 .186 MILITARY .23 .423 .346 .461 .384 .346 BONDFUND .229 .229 .241 .137 .356 .241 INDMATER .222 .263 .277 .291 .263 .263 ELECTRON .21 .187 .203 .218 .21 .195 REIT .207 .169 .153 .169 .176 .153 SEMI .17 .159 .18 .18 .18 .17 COAL .166 .166 .166 .166 .166 .166 FINANCE .162 .15 .175 .237 .262 .237 AUTO .132 .15 .226 .245 .169 .169 HACKERS .125 .125 .125 .25 .25 .375 OILGAS .113 .123 .134 .278 .319 .268 SOLAR .062 .062 .062 .187 .125 .187 REGBANKS .048 .048 .048 .024 .048 .048 BIGBANKS 0 0 .142 .142 .285 .142 COPPER 0 .142 .142 .142 .142 .142 EDU 0 .166 .166 .333 .166 .333 MARIJUAN 0 .1 .1 .1 .1 .1 |
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Thursday - 5/4/2023 - 6:15 AM Futures
DJI -62 NASDAQ -10 Data used 5/3/2023
5/3/2023
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The
first reaction of traders in the DJI, SPY and QQQ today was relief that the FED finally has lifted rates by only 1/4% to 5%. Then, they realized that Powell would not promise a "pause", as was hoped. So, the DJI fell off more than 300 in the last hour. This brought renewed selling in regional banks. Two of them had to have trading their stopped. The decline today took RETL (Retail stocks) down to its support. Oil took a tumble down. Drilling stocks OIH have formed an unmistakeable H/S pattern. But the biggest event of the day may have been the collapse of billion dollar trader, Carl Ichan's, stock. IEP is shown below. Is this the curent era's Ponzii scheme that will rock this market's foundations? But MSFT does not quiver and the home-building stocks are holding at their highs. The number of "trap-door" stocks is bearishly on the rise. And only 31% of all stocks are still above their 65-dma. Hedgers have ample choices among our bearish MINC Ps to short. The blue-chip DJI seems finally to be wakening up to the possibility that the Federal budget talks may go right down to the point of default, just like they did in 2011, with the result that even the DJI fells off 18%. The flat overhead resistance and Sell S12 recently are similar to what happened in 2011. The A/D Line is now in a downtrend. So is the P-Indicator and our Accumulation Index. The DJI seems headed immediately down to test the support at 33200 and its rising 65-dma. The regional bank short sales are working out well. Go short a few of the lowest Power ranked in the Retail group: CVS, LE, PLCE and GME. Some MAXCPs remain very strong. Hold the leading home-builders long. |
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5/4/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90504.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SCHW SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-03-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-03-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/3/2023 --- Bullish = 1 GLD (.367) Bearish = 4 RETL (-.438), OIH (-.333), DBO(-.298), YINN (-.286) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 334.11 -2.76 338.2 17.2% Bearish RED .115 --------------------------------------------------------------------------------------------- COMPQX 12025.33 -55.18 12142.24 70.6% Bearish RED .032 .038 .07 --------------------------------------------------------------------------------------------- SPY 408.02 -2.82 412.41 44.4% ------- RED .083 .014 .097 --------------------------------------------------------------------------------------------- QQQ 317.29 -2.09 320.35 84.9% Bearish RED .01 .07 .08 --------------------------------------------------------------------------------------------- MDY 447.83 -.12 450.45 48.9% Bearish RED -.054 -.065 -.119 --------------------------------------------------------------------------------------------- IWM 172.33 .63 173.68 27.1% Bearish BLUE -.057 -.089 -.146 --------------------------------------------------------------------------------------------- FAS 55.68 -2.06 60.36 -161.5% ------- RED .103 -.324 -.221 --------------------------------------------------------------------------------------------- RETL 6.24 -.11 6.57 -77.4% Bearish RED -.103 -.335 -.438 --------------------------------------------------------------------------------------------- SOXL 13.84 -.51 13.54 167.5% Bearish RED -.011 -.021 -.032 --------------------------------------------------------------------------------------------- TECL 34.61 -.92 35.36 184.8% Bearish RED -.017 .223 .206 --------------------------------------------------------------------------------------------- IBB 130.68 .87 129.2 74.6% ------- BLUE .085 -.001 .084 --------------------------------------------------------------------------------------------- GLD 189.11 1.59 184.75 118% Bullish BLUE .267 .1 .367 --------------------------------------------------------------------------------------------- DBO 13.31 -.52 14.38 -348.1% ------- RED -.195 -.103 -.298 --------------------------------------------------------------------------------------------- OIH 253.53 -3.22 268.08 -284.7% Bearish BLUE -.151 -.182 -.333 --------------------------------------------------------------------------------------------- CPER 23.58 -.13 23.83 -6.3% Bearish ---- .011 -.086 -.075 --------------------------------------------------------------------------------------------- TAN 68.71 -.1 72.75 -192.3% Bearish ---- .043 -.081 -.038 --------------------------------------------------------------------------------------------- UUP 27.67 -.15 27.71 -5.4% Bullish ---- -.061 -.027 -.088 --------------------------------------------------------------------------------------------- CORN 23.49 .43 23.45 -128% Bullish BLUE .034 -.132 -.098 --------------------------------------------------------------------------------------------- WEAT 6.44 .29 6.36 -23.8% Bearish BLUE -.021 -.169 -.19 --------------------------------------------------------------------------------------------- YINN 37.64 -.33 40.34 -121.2% Bearish RED -.063 -.223 -.286 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/3/23 Bullish = 8 Bearish = 41 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .857 .928 .928 .928 .928 HOMEBLDG .833 .833 .833 .888 .777 .611 GOLD .755 .777 .733 .733 .755 .733 HOSPITAL .714 .714 .785 .785 .785 .785 UTILITY .657 .763 .815 .789 .842 .657 GAMING .631 .578 .631 .631 .526 .421 DOWJONES .533 .533 .6 .666 .566 .4 ETFS .509 .49 .563 .581 .509 .418 ============================================================================================== INSURANC .48 .48 .48 .44 .4 .32 HIGHPRIC .467 .48 .545 .571 .532 .437 DJI-13 .461 .461 .538 .692 .538 .307 MILITARY .423 .346 .461 .384 .346 .269 TRANSP .421 .368 .421 .368 .315 .105 NASD-100 .42 .47 .55 .58 .55 .43 COMODITY .41 .41 .358 .435 .41 .435 FOOD .408 .408 .387 .448 .428 .469 BIOTECH .407 .353 .395 .358 .34 .353 SP-100 .388 .4 .444 .477 .444 .355 JETS .384 .23 .307 .153 .153 .153 SP500 .383 .396 .47 .474 .429 .308 FIDSTKS .378 .408 .479 .497 .467 .343 INDEXES .378 .389 .432 .459 .4 .329 GUNS .357 .357 .357 .357 .285 .285 SOFTWARE .357 .375 .41 .41 .41 .339 RUS-1000 .356 .362 .434 .425 .381 .285 GREEN .333 .388 .555 .444 .444 .444 INFRA .333 .333 .363 .363 .333 .303 NIFTY .318 .363 .431 .454 .409 .34 CHINA .272 .227 .272 .181 .181 .113 INDMATER .263 .277 .291 .263 .263 .222 LOWPRICE .255 .252 .252 .237 .217 .209 RETAIL .255 .34 .361 .404 .361 .276 COMPUTER .25 .3 .4 .35 .3 .2 CHEM .232 .232 .279 .279 .186 .139 BONDFUND .229 .229 .137 .367 .252 .275 ELECTRON .187 .203 .218 .21 .187 .18 REIT .169 .146 .176 .184 .146 .107 COAL .166 .166 .166 .166 .166 .166 EDU .166 .166 .333 .166 .166 .333 SEMI .159 .18 .18 .18 .159 .17 AUTO .15 .245 .245 .169 .169 .169 FINANCE .15 .175 .237 .25 .237 .162 COPPER .142 .142 .142 .142 .142 .142 HACKERS .125 .125 .25 .25 .312 .312 OILGAS .123 .134 .278 .319 .257 .216 MARIJUAN .1 .1 .1 .1 .1 .1 SOLAR .062 .062 .187 .125 .187 .125 REGBANKS .048 .048 .024 .048 .048 .048 BIGBANKS 0 .142 .142 .285 .142 0 |
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Wednesday - 5/3/2023 - 6:15 AM Futures
DJI +15 NASDAQ +22 Data used 5/2/2023
5/2/2023
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In unison,
the DJI, SP-500 and NASDAQ were marked down by 1% today after traders saw the flat resistance over-head was too much for the market. The A/D Line failed to confirm the most recent DJI high. As a result of the decline this technical failure helped signal, today there were three times more decliners than advancers on the NYSE. Hedging is necessary for successful trading as there were almost 600 new lows on the NYSE and NASDAQ. Today short-term interest rates rose above 5%. That hit the regional banks especially hard, as it dropped the real market value of their long-term bond and mortgage assets down still further. It is a good thing that depositors do not all want their money back from these banks all at once. They could not be accomodated. And the FDIC would run out of money making good their claims in the event of a wave of new bankruptcies, as took place in the Depression. But that is the worry now - that more and more depositors are taking out their money with the result that getting a loan from these banks is becoming harder and harder. Is this what the FED really wants? Talk now is that the FED will be raising rates by another quarter percent before they pause. Critics ask why they don't pause now and just wait to see what the inflation numbers are. But belatedly now they are fixed upon curbing inflation and all its dire consequences. At least, so it seems. Meanwhile, the count-down to a Government default on its debts, including social security payments, is taking place because of the gulf in spending and budget cutting priorities of the White House and the Republican majority in the House. Back in 2011, chart shown below, the market also chose to ignore the coming budgetary crisis until two weeks before time was going to run out. Then it swiftly fell almost 20%. Peerless, like now, had given a Sell S12 and the DJI could not rise above its flat resistance. There are new elements in the picture now. The Republicans are a lot more motivated to carry on theiir fight and the Biden Administraton has a contitutional tool it may choose to use to continue essential payments, , namely the interpretation they may give to the 14th Amendment, where it says the Debt of United States must not be "questioned". See NY Times https://www.nytimes.com/2023/05/02/us/politics/debt-limit-us-constitution.html?campaign_id=2&emc=edit_th_20230503&instance_id=91641&nl=todaysheadlines®i_id=58223894&segment_id=131969&user_id=ebc2a133c7a3b83a9a92049aae5a2e03 We are short a number of the weakest regional banks. At least, that is what I have been urging here for several weeks. Their gains should offset losses among MAXCPs, where there have been losses. That is the whole purpose of hedging when the DJI and other leading major market ETFs move back and forth without real conviction, but do conceal the weakness of the broad market where there are many more new lows than new highs (Table 1) and only 30% of all stocks and ETFs are still above their 65-dma. |
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5/3/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90501.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-02-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-02-2023/BEARISH.htm |
In August 2011, it appeared that US would default
on its debt. Note Sell S12 as well as S9-Vs. There was a flat top also like now and the decline came very quickly, not slowly. |
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Current DJI, Peerless Signals and Indicators |
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Weakest Regional Banks - dropping steeply |
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Bullish Sweet Stock - YUM |
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Table 1 -
Daily Breadth and
Volume Statistics
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Table 2 QUICKSILVER on ETFS - 5/2/2023 --- Bullish = 2 TECL (.286), GLD (.338) Bearish = 4 RETL (-.447), OIH (-.308), WHEAT (-.308), YINN (-.284) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 336.87 -3.49 332.95 22.8% ------- RED .222 0 --------------------------------------------------------------------------------------------- COMPQX 12080.51 -132.09 11854.35 116.8% ------- RED .128 .029 .157 --------------------------------------------------------------------------------------------- SPY 410.84 -4.67 404.36 57.9% ------- RED .167 .013 .18 --------------------------------------------------------------------------------------------- QQQ 319.38 -2.81 311.87 147.9% ------- RED .098 .065 .163 --------------------------------------------------------------------------------------------- MDY 447.95 -6.49 443.43 5.9% Bearish RED .031 -.075 -.044 --------------------------------------------------------------------------------------------- IWM 171.7 -3.6 171.39 -39.1% Bearish RED .017 -.107 -.09 --------------------------------------------------------------------------------------------- FAS 57.74 -4.29 57.62 -134.2% ------- RED .162 -.328 -.166 --------------------------------------------------------------------------------------------- RETL 6.35 -.1 6.34 15.5% Bearish RED -.036 -.411 -.447 --------------------------------------------------------------------------------------------- SOXL 14.35 -.31 13.37 416.7% Bearish RED .051 -.07 -.019 --------------------------------------------------------------------------------------------- TECL 35.53 -1.03 33.3 527.1% ------- RED .107 .179 .286 --------------------------------------------------------------------------------------------- IBB 129.81 -1.73 128.74 -26.5% ------- RED .168 -.022 .146 --------------------------------------------------------------------------------------------- GLD 187.52 3.55 184.74 47.9% ------- BLUE .239 .099 .338 --------------------------------------------------------------------------------------------- DBO 13.83 -.71 14.31 -312.8% Bearish RED -.131 -.056 -.187 --------------------------------------------------------------------------------------------- OIH 256.75 -16.54 268.8 -325.8% Bearish RED -.134 -.174 -.308 --------------------------------------------------------------------------------------------- CPER 23.71 -.41 23.61 10.5% Bearish ---- -.001 -.05 -.051 --------------------------------------------------------------------------------------------- TAN 68.81 -2.32 71.45 -469.1% Bearish RED .03 -.087 -.057 --------------------------------------------------------------------------------------------- UUP 27.82 -.07 27.7 5.4% Bullish RED -.095 -.005 -.1 --------------------------------------------------------------------------------------------- CORN 23.06 -.17 24.09 -242.9% Bullish ---- -.052 -.13 -.182 --------------------------------------------------------------------------------------------- WEAT 6.15 -.06 6.47 -328.2% Bearish ---- -.101 -.205 -.306 --------------------------------------------------------------------------------------------- YINN 37.97 -2.41 38.6 134.5% Bearish RED -.052 -.232 -.284 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/2/23 Bullish = 7 Bearish = 42 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .928 .928 .928 .928 .928 HOMEBLDG .833 .833 .888 .777 .611 .722 UTILITY .763 .815 .789 .842 .657 .842 GOLD .76 .717 .717 .739 .717 .717 HOSPITAL .714 .785 .785 .785 .785 .785 GAMING .578 .631 .578 .578 .421 .526 DOWJONES .533 .6 .666 .566 .4 .5 ================================================================================================ ETFS .49 .563 .581 .509 .436 .381 HIGHPRIC .48 .545 .571 .532 .441 .493 INSURANC .48 .48 .44 .4 .32 .36 NASD-100 .47 .55 .58 .55 .44 .5 DJI-13 .461 .538 .692 .538 .307 .538 COMODITY .41 .384 .41 .41 .435 .41 FIDSTKS .408 .479 .497 .467 .349 .437 FOOD .408 .408 .428 .428 .469 .428 SP-100 .4 .444 .477 .444 .355 .422 SP500 .396 .47 .476 .425 .316 .383 INDEXES .389 .432 .459 .4 .329 .362 GREEN .388 .555 .444 .444 .444 .444 SOFTWARE .375 .428 .41 .41 .339 .357 TRANSP .368 .421 .368 .315 .105 .21 NIFTY .363 .431 .454 .409 .34 .34 RUS-1000 .362 .434 .425 .381 .29 .339 GUNS .357 .357 .357 .285 .285 .285 BIOTECH .353 .393 .36 .34 .355 .378 MILITARY .346 .461 .384 .346 .269 .384 RETAIL .34 .361 .404 .361 .276 .297 INFRA .333 .363 .363 .333 .303 .363 COMPUTER .3 .4 .35 .3 .25 .25 INDMATER .277 .291 .263 .263 .222 .208 LOWPRICE .252 .255 .24 .22 .209 .229 AUTO .245 .264 .169 .169 .169 .132 CHEM .232 .279 .279 .186 .139 .186 JETS .23 .307 .153 .153 .153 .153 BONDFUND .229 .126 .367 .264 .264 .206 CHINA .227 .272 .181 .181 .113 .113 ELECTRON .203 .218 .21 .187 .172 .18 SEMI .18 .18 .18 .159 .159 .148 FINANCE .175 .237 .25 .225 .175 .2 COAL .166 .166 .166 .166 .166 .166 EDU .166 .333 .166 .166 .333 .333 REIT .146 .169 .192 .153 .1 .123 BIGBANKS .142 .142 .285 .142 0 .142 COPPER .142 .142 .142 .142 .142 .142 OILGAS .134 .278 .319 .257 .226 .247 HACKERS .125 .25 .25 .312 .312 .312 MARIJUAN .1 .1 .1 .1 .1 .1 SOLAR .062 .187 .125 .187 .125 .312 REGBANKS .048 .024 .048 .048 .048 .048 |
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Tuesday - 5/2/2023 - 6:15 AM Futures
DJI -79 NASDAQ -11 Data used 5/1/2023
5/1/2023
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The DJI lost nearly
200 points after mid-day. There were 550 more NYSE decliners than advancers. The well-tested flat resistance levels for the DJI, NASDAQ, SPY and QQQ held once again. Another decline appears likely and this is what the Futures show. Though the Closing Power 21-day moving averages of these indexes and ETFs are rising, the weak close today warns us of another retreat. This time the DJI may drop farther down to its 21-dma and rising 65-dma. The market seems now to be wakening up to the very real risk of a political deadlock and default on the Federal Budget. If the West Virginia Senator switches parties, the Senate may go along with House Republican demands for some big cuts in the Federal spending. A White House veto of a new Budget would prolong the deadlock and likely hit the stock market quite hard. Will Biden who wants to be President for another four years, risk a bear market? Unlike in 2011 when this sort of crisis last occurred, the Accumulation Index remains positive. I have recommended hedging, by being short the weakest of the regional banks. They continue to fall at a very fast rate. See the new links I have added just below and the bearish MINCPs. NVDA did breakout from its Darvas box pattern. Articifial intelligence applications of all types require NVDA chips. Sugar stocks HSY and YUM rose, as was expected, given Lilly's new weightloss, anti-Diabaetes drug. But housing stocks disappointed us as they fell back from Friday's big gains. Interest rates did go up, but profit-taking was more likely the cause of their pullback. We want to be on the look out for stocks that give 5-day Stochastic Buys and Sells where that is the best system for the last year and the yearly gain is more than 300%. SNOW (on a new sell and below its 65-dma) is such a stock along with ETF NRGU (which is on a buy). The MAXCPs show a number of biotechs. They usually pop up when traders look to strength in non-cyclical stocks. Ideally, they show high Accumulation on a fresh breakout to new highs. Buy B12s most often their breakouts. See those in the Bull MAXCPs. |
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5/1/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90501.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM NEW-HOMEBUILDERS: NAIL BZH MHO MTH PHM NEW-REGIONAL BANKS: EGBN FFIC GBCI HMST Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/5-01-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/5-01-2023/BEARISH.htm |
Table 1 - Daily Breadth
and Volume Statistics.
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Table 2 QUICKSILVER on ETFS - 5/1/2023 --- Bullish = 1 TECL (.337) Bearish = 3 RETL (-.415), WHEAT (-.284), YINN (-.310) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 340.36 -.67 335.33 23.9% Bullish RED .273 0 .------ --------------------------------------------------------------------------------------------- COMPQX 12212.6 -13.98 11799.16 73% ------- BLUE .194 .021 .215 --------------------------------------------------------------------------------------------- SPY 415.51 -.42 406.08 35.1% ------- BLUE .235 .009 .244 --------------------------------------------------------------------------------------------- QQQ 322.19 -.37 309.99 98.7% ------- BLUE .162 .053 .215 --------------------------------------------------------------------------------------------- MDY 454.44 -.31 447.42 -19.3% ------- BLUE .101 -.076 .025 --------------------------------------------------------------------------------------------- IWM 175.3 .1 173.06 -61.4% Bearish BLUE .082 -.099 -.017 --------------------------------------------------------------------------------------------- FAS 62.03 -.5 59.36 -52.9% ------- RED .265 -.292 -.027 --------------------------------------------------------------------------------------------- RETL 6.45 -.13 6.33 -433.9% Bearish RED -.007 -.408 -.415 --------------------------------------------------------------------------------------------- SOXL 14.66 .43 13.2 10.9% Bearish BLUE .101 -.108 -.007 --------------------------------------------------------------------------------------------- TECL 36.56 .07 31.87 365.3% ------- BLUE .182 .155 .337 --------------------------------------------------------------------------------------------- IBB 131.54 1.03 130.5 -57.9% ------- BLUE .239 -.013 .226 --------------------------------------------------------------------------------------------- GLD 183.97 -.83 185.75 -22.7% Bearish RED .154 .069 .223 --------------------------------------------------------------------------------------------- DBO 14.54 -.21 14.74 -201.2% Bearish ---- -.037 -.039 -.076 --------------------------------------------------------------------------------------------- OIH 273.29 -.84 274.46 -234.9% Bearish BLUE -.051 -.174 -.225 --------------------------------------------------------------------------------------------- CPER 24.12 .27 23.66 -48.2% Bearish BLUE -.004 -.044 -.048 --------------------------------------------------------------------------------------------- TAN 71.13 -.86 75.62 -443.2% ------- RED .109 -.076 .033 --------------------------------------------------------------------------------------------- UUP 27.89 .14 27.79 41.5% Bullish BLUE .081 -.017 .064 --------------------------------------------------------------------------------------------- CORN 23.23 -.15 24.21 -224% Bullish BLUE -.014 -.132 -.146 --------------------------------------------------------------------------------------------- WEAT 6.21 -.17 6.57 -308.7% Bearish RED -.072 -.212 -.284 --------------------------------------------------------------------------------------------- YINN 40.38 -.41 36.91 15.2% Bearish RED -.063 -.247 -.31 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/1/23 Bullish = 12 Bearish = 37 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .928 .928 .928 .857 HOMEBLDG .833 .888 .777 .611 .722 .777 UTILITY .815 .789 .842 .657 .815 .842 HOSPITAL .785 .785 .785 .785 .785 .785 GOLD .717 .717 .739 .717 .717 .739 GAMING .631 .578 .526 .473 .526 .526 DOWJONES .6 .666 .566 .4 .5 .7 ETFS .563 .581 .509 .436 .4 .509 GREEN .555 .444 .444 .444 .444 .666 NASD-100 .55 .58 .55 .44 .5 .63 HIGHPRIC .545 .571 .532 .441 .493 .632 DJI-13 .538 .692 .538 .307 .538 .769 ==================================================================================================== INSURANC .48 .44 .4 .32 .36 .4 FIDSTKS .479 .497 .467 .349 .431 .514 SP500 .47 .476 .427 .312 .383 .476 MILITARY .461 .384 .346 .269 .384 .5 SP-100 .444 .477 .444 .355 .422 .544 RUS-1000 .434 .425 .381 .29 .337 .431 INDEXES .432 .459 .4 .329 .362 .491 NIFTY .431 .454 .409 .34 .34 .5 SOFTWARE .428 .428 .41 .339 .357 .446 TRANSP .421 .368 .315 .105 .21 .368 FOOD .408 .448 .408 .469 .428 .571 COMPUTER .4 .35 .3 .25 .25 .35 BIOTECH .393 .358 .343 .355 .368 .425 COMODITY .384 .435 .384 .435 .41 .538 INFRA .363 .363 .333 .303 .363 .393 RETAIL .361 .404 .361 .276 .297 .425 GUNS .357 .357 .285 .285 .285 .357 EDU .333 .166 .166 .333 .333 .333 JETS .307 .153 .153 .153 .153 .153 INDMATER .291 .263 .263 .222 .208 .291 CHEM .279 .279 .186 .139 .186 .279 OILGAS .278 .319 .257 .226 .247 .36 CHINA .272 .181 .181 .113 .09 .136 AUTO .264 .188 .169 .169 .15 .207 LOWPRICE .255 .243 .223 .212 .226 .289 HACKERS .25 .25 .312 .312 .312 .437 FINANCE .237 .25 .225 .162 .2 .262 ELECTRON .218 .21 .187 .172 .172 .293 SOLAR .187 .125 .187 .125 .312 .5 SEMI .18 .18 .159 .159 .138 .308 REIT .169 .184 .161 .107 .115 .153 COAL .166 .166 .166 .166 .166 .166 BIGBANKS .142 .285 .142 0 .142 .428 COPPER .142 .142 .142 .142 .142 .142 BONDFUND .126 .356 .264 .275 .206 .218 MARIJUAN .1 .1 .1 .1 .1 .1 REGBANKS .024 .048 .048 .048 .024 .048 |
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Monday -
5/1/2023 - 1:00 AM Futures DJI +
6 NASDAQ +8 Data used 4/28/2023
4/28/2023
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Hotline: Hedging with Housing and AI longs and shorts on the very weakest regional banks is advisable. Watch to see if the big four (the DJI, the SPY, the NASDAQ and QQQ) can all breakout, even as the rest of the market seeks just to stabalize. A long time ago, in 1913, the Federal Reserve Bank was sold as a concept to the American public by Woodrow Wilson as a reform to prevent bankers from causing financial panics like the one in 1907. Behnd the scenes the Federal Reserve system was actually secretly designed by a coterie of elite bankers of the day to give themselves complete control interest rates and money supply in the U.S. (And, I would add, so that the elite bankers and their their friends could make a lot of extra money in the stock market because of their inside knowledge of interest rate changes, etc.). https://www.federalreservehistory.org/essays/jekyll-island-conference https://www.youtube.com/watch?v=4RCJGr2XQh8 From the bankers point of view it has been a big success. Other folks offer different reviews. While the FED succeeded in stopping the Crash of 2008 and the financial panic of 2020, monetarists say it prolonged the Great Depression because it chose to protect the Dollar and keep the U.S. on the Gold Standard rather than deliberately increase money supply to re-inflate the general economy. In 1999 and 2022, it made the opposite mistake, it delayed too long raising rates and selling bonds and mortgages from its own inventory to curb the inflation born by the runaway stock prices its low interest rates caused. It is in a word, fallible. But that has not lessened its near omnipotence. Now it has raised rates so fast, that there have bank failures. Silicon Valley was vaporized. First Republic (FRC) is now in liquidation. And other regional banks like FFIC, GBCI, FIBK, HMST, NRIM and BRKC (shown among the MINCPs) may follow FRC into a financial black hole. The threat of more bankruptices obviously has the FED's attention now. Their medicine for curing inflation is actually now causing bank failures, just as happened in the Depression or in 1920-1921. Many of the FOMC hawks just don't seem to care about the financial pain that a FED-created recession or Depression can cause millions of Americans. Powell may be different. Professional traders are now guessing, or have been informed by leakers within the FED, that short-term rates will soon pause and stop going up. The prospects of a rate pause, of course, are music to the ears of home-builders. Thus, in our bullish MAXCPs today we see a new leadership group of housing stocks coming to the fore. Look at BZH, MHO, MTH, PHM and their ETF, NAIL in our Bullish MAXCPs. I think that the bulls are right about Powell. So, we need to be long home builders, as well as artificial intelligence stocks, especially NVDA and MSFT) as well as the sugar, candy, beverage and donut stocks. Will these trends continue? Their stocks; their Closing Power, Accumulation and Relative Strength indicators all say "YES". Hedging long positions in them by shorting the weakest regional banks should work out well, even if the DJI again pulls back from 34000 and even with the Summer trading doldrums not far away. My own opinion is that hedging seems a better way to go than guessing whether the blue chip DJI can stay over 34000 or not and whether without higher volume and much better breadth the DJI can now advance to 35000. That is far from certain, even if there is a clearer breakout by the DJI above 34000. The DJI-30 is just carrying too much weight. The NYSE is lagging and only 36% of all our stocks and ETFs are above their 65-dma. A DJI breakout should also see breakouts by the NASDAQ, SPY and QQQ. April was a bullish month, Mays and Junes can be problematic. |
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4/28/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90428.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-28-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-28-2023/BEARISH.htm |
Watch to see if NASDAQ can breakout. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/28/2023 --- Bullish = 3 SPY(.293), TECL (.323), GLD (.305) Bearish = 2 RETL (-.428), OIH(-.262), ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 341.03 2.83 338.75 43.4% Bullish BLUE .333 --------------------------------------------------------------------------------------------- COMPQX 12226.58 84.34 12037.2 64.3% ------- BLUE .222 .015 .237 --------------------------------------------------------------------------------------------- SPY 415.93 3.52 412.63 45.5% ------- BLUE .286 .007 .293 --------------------------------------------------------------------------------------------- QQQ 322.56 2.21 315.95 94.5% ------- BLUE .198 .045 .243 --------------------------------------------------------------------------------------------- MDY 454.75 4.3 456.18 -15.5% ------- BLUE .12 -.071 .049 --------------------------------------------------------------------------------------------- IWM 175.2 1.52 177.44 -67.6% Bearish BLUE .087 -.097 -.01 --------------------------------------------------------------------------------------------- FAS 62.53 2.17 62.67 -46.2% ------- BLUE .253 -.299 -.046 --------------------------------------------------------------------------------------------- RETL 6.58 .01 7.02 -241.3% ------- BLUE -.014 -.414 -.428 --------------------------------------------------------------------------------------------- SOXL 14.23 .69 14.63 -226.3% Bearish BLUE .084 -.187 -.103 --------------------------------------------------------------------------------------------- TECL 36.49 1.13 34.06 292.7% ------- BLUE .221 .102 .323 --------------------------------------------------------------------------------------------- IBB 130.51 1.31 133.05 -112.6% ------- BLUE .206 -.023 .183 --------------------------------------------------------------------------------------------- GLD 184.8 .05 184.81 14.9% ------- ---- .222 .083 .305 --------------------------------------------------------------------------------------------- DBO 14.75 .37 15.13 -61.2% Bearish BLUE -.043 -.024 -.067 --------------------------------------------------------------------------------------------- OIH 274.13 6.05 286.18 -67.1% Bearish BLUE -.104 -.158 -.262 --------------------------------------------------------------------------------------------- CPER 23.85 .02 24.35 -121% Bearish RED .035 -.025 .01 --------------------------------------------------------------------------------------------- TAN 71.99 -.76 77.68 -381.8% ------- BLUE .095 -.087 .008 --------------------------------------------------------------------------------------------- UUP 27.75 .04 27.66 0% Bullish ---- .022 -.01 .012 --------------------------------------------------------------------------------------------- CORN 23.38 -.07 24.3 -213.8% ------- BLUE -.045 -.117 -.162 --------------------------------------------------------------------------------------------- WEAT 6.38 .02 6.61 -274.8% Bearish BLUE -.061 -.182 -.243 --------------------------------------------------------------------------------------------- YINN 40.79 .45 40.26 -97.4% Bearish BLUE -.006 -.226 -.232 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/28/23 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .928 .928 .857 .857 HOMEBLDG .888 .777 .611 .722 .777 .722 ===== UTILITY .789 .842 .657 .815 .842 .894 HOSPITAL .785 .785 .785 .785 .785 .785 GOLD .717 .739 .717 .717 .717 .76 DJI-13 .692 .538 .307 .538 .769 .538 DOWJONES .666 .566 .4 .5 .7 .533 ===== ETFS .581 .509 .436 .4 .509 .472 NASD-100 .58 .55 .44 .5 .63 .63 GAMING .578 .526 .421 .578 .526 .526 HIGHPRIC .571 .532 .441 .493 .619 .601 ================================================================================================== FIDSTKS .497 .467 .349 .431 .508 .479 SP-100 .477 .444 .355 .422 .533 .488 SP500 .476 .427 .314 .379 .474 .453 INDEXES .459 .4 .329 .362 .47 .448 NIFTY .454 .409 .34 .34 .5 .568 FOOD .448 .428 .448 .428 .571 .489 GREEN .444 .444 .444 .444 .666 .611 INSURANC .44 .4 .32 .36 .4 .44 COMODITY .435 .41 .41 .41 .538 .461 SOFTWARE .428 .428 .339 .357 .446 .464 RUS-1000 .425 .381 .29 .337 .431 .427 RETAIL .404 .361 .276 .297 .425 .34 MILITARY .384 .346 .269 .384 .5 .461 TRANSP .368 .315 .105 .21 .368 .368 INFRA .363 .333 .303 .363 .393 .393 BIOTECH .358 .34 .358 .368 .42 .45 GUNS .357 .285 .285 .285 .357 .357 BONDFUND .356 .252 .275 .218 .218 .172 COMPUTER .35 .3 .25 .25 .35 .35 OILGAS .319 .257 .226 .247 .36 .288 BIGBANKS .285 .142 0 .142 .428 .285 CHEM .279 .186 .139 .186 .279 .255 INDMATER .263 .263 .222 .208 .291 .277 FINANCE .25 .225 .162 .187 .262 .237 HACKERS .25 .312 .312 .312 .437 .437 LOWPRICE .243 .226 .214 .229 .283 .266 ELECTRON .21 .187 .172 .172 .285 .3 AUTO .188 .188 .169 .15 .207 .207 REIT .184 .153 .115 .123 .138 .169 CHINA .181 .181 .113 .09 .136 .159 SEMI .18 .159 .159 .138 .297 .329 COAL .166 .166 .166 .166 .166 .166 EDU .166 .166 .333 .333 .333 .333 JETS .153 .153 .153 .153 .153 .153 COPPER .142 .142 .142 .142 .142 .142 SOLAR .125 .187 .125 .312 .5 .5 MARIJUAN .1 .1 .1 .1 .1 .1 REGBANKS .048 .048 .048 .024 .048 .048 ===== |
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Friday - 4/28/2023 - 8:50 AM DJI +
180 NASDAQ +40 Data used 4/27/2023
Sorry about the delay. All should be back to normal next week. The DJI's Closing Power alone among the big ETFs is rising convincingly. See Table 2 below and the charts below. Its Accumulation Index is very high. I should have factored this in when calling for a decline to the lower band by it earlier this week. Now we must wait an see if the sellers at DJI-34000 are still there. Big MSFT profits sent the DJI soaring. The NASDAQ and other ETFs joined in the rally. But the weakest of the Regional Banks, which are shown below and which we remain short, could not advance even though other regional banks did. This shows the advantage of shorting the weakest BEARISH MINCPS as a hedge against long positions. The DJI is now charging back up to its 34000 resistance. Until we see a new Peerless Buy or there is a high volume breakout by the DJI above its 34000 resistance, my suggestion is to avoid the DJI and use our hedging strategy emplying MAXCPs and MINCPs. Elsewhere, the market's bulls clearly prefers well known companies that dominate their industries and can raise their prices without much fear of a contraction of demand. Lilly's new drug to fight diabetes also can reduce a person's weight by an amazing 15%. Gluttonly, pure and simple, caused traders to indulge in buying YUM (donuts), MCD (milkshakes) and HSY (chocolate). See bullish MAXCPs. Lilly's tirzepatide achieved up to 15.7% weight loss in adults Sugar is King, not Cotton The Hotline today has been cut short. It will resume its normal content Sunday. But use the new address that will be sent you Saturday. |
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Bullish
MAXCPs www.tigersoftware.com/UPPING/4-27-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/4-27-2023/BEARISH.htm |
CHARTS AND TABLES |
No table 1 today. |
Table 2 QUICKSILVER on ETFS - 4/27/2023 --- Bullish = 1 GLD (.304) Bearish = 1 RETL, WEAT ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 338.2 5.25 338.11 3.7% Bullish BLUE .316 0 .316 --------------------------------------------------------------------------------------------- COMPQX 12142.24 287.89 12072.46 34.6% ------- BLUE .204 .024 .228 --------------------------------------------------------------------------------------------- SPY 412.41 8.05 412.2 6.5% ------- BLUE .273 .008 .281 --------------------------------------------------------------------------------------------- QQQ 320.35 8.48 316.61 64.8% ------- BLUE .177 .053 .23 --------------------------------------------------------------------------------------------- MDY 450.45 7.02 456.15 -65.7% Bearish BLUE .124 -.067 .057 --------------------------------------------------------------------------------------------- IWM 173.68 2.29 177.56 -104.1% Bearish BLUE .098 -.089 .009 --------------------------------------------------------------------------------------------- FAS 60.36 2.74 63.09 -288.6% ------- BLUE .287 -.314 -.027 --------------------------------------------------------------------------------------------- RETL 6.57 .23 6.9 -238.9% Bearish BLUE .004 -.366 -.362 --------------------------------------------------------------------------------------------- SOXL 13.54 .17 14.86 -582.4% Bearish BLUE .062 -.21 -.148 --------------------------------------------------------------------------------------------- TECL 35.36 2.06 34.51 68.2% ------- BLUE .202 .092 .294 --------------------------------------------------------------------------------------------- IBB 129.2 .46 133.46 -104.2% ------- BLUE .202 -.026 .176 --------------------------------------------------------------------------------------------- GLD 184.75 .01 184.25 -36.2% ------- BLUE .21 .079 .289 --------------------------------------------------------------------------------------------- DBO 14.38 .07 14.93 -118.5% Bearish ---- -.117 -.045 -.162 --------------------------------------------------------------------------------------------- OIH 268.08 -.72 277.82 -265.1% Bearish BLUE -.121 -.181 -.302 --------------------------------------------------------------------------------------------- CPER 23.83 .22 24.43 -161.6% Bearish BLUE .022 -.034 -.012 --------------------------------------------------------------------------------------------- TAN 72.75 1.3 77.72 -321% ------- BLUE .087 -.041 .046 --------------------------------------------------------------------------------------------- UUP 27.71 .01 27.75 -12.6% Bullish RED .049 .003 .052 --------------------------------------------------------------------------------------------- CORN 23.45 -.64 24.41 -291.3% ------- RED -.121 -.113 -.234 --------------------------------------------------------------------------------------------- WEAT 6.36 -.11 6.74 -353.7% Bearish ---- -.157 -.193 -.35 --------------------------------------------------------------------------------------------- YINN 40.34 1.74 41.56 -405.6% Bearish BLUE .001 -.248 -.247 |
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/27/23 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .928 .857 .857 .928 UTILITY .842 .657 .815 .842 .868 .842 HOSPITAL .785 .785 .785 .785 .785 .714 HOMEBLDG .777 .611 .722 .777 .722 .722 GOLD .739 .717 .717 .717 .76 .782 DOWJONES .566 .4 .5 .7 .533 .633 NASD-100 .55 .44 .5 .63 .63 .65 DJI-13 .538 .307 .538 .769 .538 .615 HIGHPRIC .532 .441 .493 .619 .597 .606 GAMING .526 .421 .526 .578 .526 .526 ETFS .509 .436 .4 .509 .49 .545 FIDSTKS .467 .349 .431 .508 .485 .491 GREEN .444 .444 .444 .666 .611 .5 SP-100 .444 .355 .422 .533 .488 .511 FOOD .428 .469 .408 .571 .489 .469 SOFTWARE .428 .357 .357 .446 .464 .464 SP500 .427 .314 .381 .47 .457 .457 COMODITY .41 .435 .384 .538 .461 .461 NIFTY .409 .34 .34 .5 .568 .522 INDEXES .4 .329 .362 .47 .448 .47 INSURANC .4 .32 .36 .4 .44 .44 RUS-1000 .381 .29 .337 .431 .428 .426 RETAIL .361 .276 .297 .425 .361 .361 MILITARY .346 .269 .384 .5 .461 .5 BIOTECH .34 .355 .37 .42 .447 .422 INFRA .333 .303 .363 .393 .393 .393 TRANSP .315 .105 .21 .368 .368 .368 HACKERS .312 .312 .312 .437 .437 .437 COMPUTER .3 .25 .25 .35 .35 .35 GUNS .285 .285 .285 .357 .357 .357 INDMATER .263 .222 .208 .291 .277 .319 OILGAS .257 .226 .247 .36 .298 .268 BONDFUND .252 .264 .218 .229 .172 .206 LOWPRICE .226 .217 .232 .286 .269 .275 FINANCE .225 .162 .187 .25 .237 .262 AUTO .188 .188 .15 .207 .207 .207 ELECTRON .187 .172 .172 .285 .293 .308 SOLAR .187 .125 .312 .5 .5 .437 CHEM .186 .139 .186 .279 .255 .279 CHINA .181 .113 .09 .136 .159 .181 COAL .166 .166 .166 .166 .166 .333 EDU .166 .333 .333 .333 .333 .5 SEMI .159 .159 .138 .297 .319 .308 JETS .153 .153 .153 .153 .153 .153 REIT .153 .107 .13 .146 .161 .169 BIGBANKS .142 0 .142 .428 .285 .285 COPPER .142 .142 .142 .142 .142 .285 MARIJUAN .1 .1 .1 .1 .1 .1 REGBANKS .048 .048 .024 .048 .048 .048 |
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Thursday - 4/26/2023 - 6:12 AM Futures: DJI +168
NASDAQ +138 Data used 4/26/2023
4/26/2023
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Even if there is a rally
short-term, our clinched Sell S12 tells us to look for lower prices until the DJI reaches its 3.5% lower band. This means that most stocks and ETFs will be following the DJI, though there may be rallies from supports like the 65-dma. Our falling Closing Power on DIA and DJ-30 tells us to not trust these rallies. All this most of us can see from the history of Sell S12 signals even if they first bring some small paper losses if you trade the DJI.. What emerges now from our current situation is just how profitable it can be picking the biggest losers after the Sell S12 occurs. Regional banks clearly have been the weakest group since the Sell S12. Whether or not, this is a bear market, the weakest bearish MINCPs will act like it is when Peerless gives a Sell S12 and there are so many stocks from one group populating each night the bearish MINCPs shown here. They cave in when the general market starts declining. The very weakest Bearish MINCPs are shown below: FRC, FFIC and EGBN. The heads of these companies all made major mistakes and did not plan ahead properly when the FED started raising interest rates. Whether they made these mistakes out of ineptitude, ignorance or short-term greed, this is the conduct that bear markets always expose. It is one of the things we can count on. So, don't overlook this easy way our software and the Hotline offer to make good money at these times. Nothng I can say from the market's actions today is anywhere near as important as this. |
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Charts - 4/26/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90426.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-26-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-26-2023/BEARISH.htm |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/26/2023 --- Bullish = 1 GLD (.304) Bearish = 1 RETL, WEAT ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX =============================================================================================== DIA 332.95 -2.38 337.95 -89.4% ------- RED .26 0 ---- high --------------------------------------------------------------------------------------------- COMPQX 11854.35 55.19 12059.56 -125.9% ------- RED .179 .025 .204 --------------------------------------------------------------------------------------------- SPY 404.36 -1.72 411.88 -118.9% ------- RED .239 .008 .247 --------------------------------------------------------------------------------------------- QQQ 311.87 1.88 316.28 -108.4% ------- RED .148 .052 .2 --------------------------------------------------------------------------------------------- MDY 443.43 -3.99 456.39 -159.4% Bearish RED .09 -.062 .028 --------------------------------------------------------------------------------------------- IWM 171.39 -1.67 177.33 -194.1% Bearish RED .036 -.082 -.046 --------------------------------------------------------------------------------------------- FAS 57.62 -1.74 63.9 -550.2% ------- RED .272 -.335 -.063 --------------------------------------------------------------------------------------------- RETL 6.34 .01 6.89 -468.9% Bearish ---- -.04 -.37 -.41 --------------------------------------------------------------------------------------------- SOXL 13.37 .17 15.2 -645.9% Bearish RED .034 -.158 -.124 --------------------------------------------------------------------------------------------- TECL 33.3 1.43 34.9 -337.8% ------- RED .171 .058 .229 --------------------------------------------------------------------------------------------- IBB 128.74 -1.76 131.94 -169.1% ------- RED .164 -.013 .151 --------------------------------------------------------------------------------------------- GLD 184.74 -1.01 186.09 -16.7% ------- RED .205 .099 .304 --------------------------------------------------------------------------------------------- DBO 14.31 -.43 14.73 -251.4% Bearish RED -.105 -.029 -.134 --------------------------------------------------------------------------------------------- OIH 268.8 -5.66 282.82 -326.8% Bearish RED -.085 -.161 -.246 --------------------------------------------------------------------------------------------- CPER 23.61 -.05 24.61 -262.4% Bearish RED -.014 -.017 -.031 --------------------------------------------------------------------------------------------- TAN 71.45 -4.17 77.63 -409.5% ------- RED .075 -.045 .03 --------------------------------------------------------------------------------------------- UUP 27.7 -.09 27.78 -14.4% Bullish BLUE .038 .021 .059 --------------------------------------------------------------------------------------------- CORN 24.09 -.12 24.87 -217.6% ------- ---- -.001 -.072 -.073 --------------------------------------------------------------------------------------------- WEAT 6.47 -.1 6.83 -341.4% Bearish RED -.2 -.162 -.362 --------------------------------------------------------------------------------------------- YINN 38.6 1.69 43.6 -720.2% Bearish RED .067 -.281 -.214 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/26/23 Bullish = 5 Bearish = 44 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .857 .857 .928 .928 HOSPITAL .785 .785 .785 .785 .714 .714 GOLD .717 .717 .717 .76 .76 .804 UTILITY .657 .815 .842 .868 .842 .815 HOMEBLDG .611 .722 .777 .722 .722 .777 ============================================================================================== FOOD .469 .428 .551 .489 .469 .632 GREEN .444 .444 .666 .611 .5 .555 HIGHPRIC .441 .493 .619 .597 .606 .658 NASD-100 .44 .5 .63 .63 .65 .65 ETFS .436 .4 .509 .49 .563 .527 COMODITY .435 .41 .512 .461 .461 .615 GAMING .421 .526 .526 .578 .526 .684 DOWJONES .4 .5 .7 .533 .633 .666 SOFTWARE .357 .375 .446 .464 .464 .5 BIOTECH .355 .368 .422 .447 .422 .435 SP-100 .355 .422 .533 .488 .5 .611 FIDSTKS .349 .431 .508 .485 .491 .532 NIFTY .34 .34 .5 .568 .522 .59 EDU .333 .333 .333 .333 .5 .5 INDEXES .329 .362 .47 .448 .47 .529 INSURANC .32 .36 .4 .44 .44 .48 SP500 .314 .381 .472 .453 .459 .501 HACKERS .312 .312 .437 .437 .437 .437 DJI-13 .307 .538 .769 .538 .615 .692 INFRA .303 .363 .393 .393 .393 .393 RUS-1000 .29 .337 .431 .428 .425 .464 GUNS .285 .285 .357 .357 .357 .357 RETAIL .276 .297 .425 .361 .382 .382 MILITARY .269 .384 .5 .461 .5 .576 BONDFUND .264 .206 .229 .183 .218 .16 COMPUTER .25 .25 .35 .35 .35 .45 OILGAS .226 .247 .36 .298 .268 .35 INDMATER .222 .208 .291 .277 .319 .375 LOWPRICE .217 .234 .289 .272 .272 .272 AUTO .188 .169 .207 .207 .226 .245 ELECTRON .172 .172 .285 .293 .3 .338 COAL .166 .166 .166 .166 .333 .5 FINANCE .162 .187 .25 .225 .262 .25 SEMI .159 .138 .297 .319 .297 .34 JETS .153 .153 .153 .153 .153 .307 COPPER .142 .142 .142 .142 .142 .428 CHEM .139 .186 .279 .255 .279 .372 SOLAR .125 .312 .5 .5 .437 .375 CHINA .113 .09 .136 .159 .181 .181 REIT .107 .123 .153 .169 .161 .2 TRANSP .105 .21 .368 .368 .368 .315 MARIJUAN .1 .1 .1 .1 .1 .1 REGBANKS .048 .024 .048 .048 .048 .048 BIGBANKS 0 .142 .428 .285 .285 .285 |
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Wednesday - 4/26/2023 - 6:16 AM
Futures: DJI +100 NASDAQ +100
Data used 4/25/2023
4/25/2023
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We are seeing a recovery in the DJI and NASDAQ after yesterday's broad decline. Bargain-hunting shows that there are still lots of bulls who believe the FED will support the market and not raise rates because of how fragile regional banks look now. Professionals may concur. Or they may sell into rally and cause our Closing Powers to drop. This would be quite bearish, The DJI's Peerless Sell S12 has been "clinched" by DIA's Closing Power uptrend being violated. When we treat the DJI as a stock or ETF (see second chart down from top tonight), we see the same thing, though I did not draw it in. "Clinching" a Peerless Sell is important because we want to avoid, as much as possible, paper losses. But with a little dilligence we can use our full quiver of technical indicators and notice when the uptrends of the various indicators of the DJI, DJ-30 and DIA have had their uptrends broken. And in this case, we could see how unrelenting was the resistance at 34000. So we might properly guess that the "quants" and Professionals were running out of funds trying to prop the DJI up. They do this because it is profitable trading like this near the resistance and because they want to conceal the weakness elsewhere in the market. Now they appear to be no longer propping up the DJI. If the bulls are lucky, professional money will now be shifted to other investment vehicles, like gold, oils, utilities, bonds and commodities while waiting for the DJI to again pulll back. Watch the other charts shown below representing alternatives to the DJI. Bears, now are encouraged that the regional banks may now be starting another leg down. There are more than a dozen of these banks on our Bearish MINCP stock list todays. Their weakness has stood out clearly. I hope many of you have used them to hedge long positions. The Fed now, because of the sharp sell-off in regional banks, will be under intense pressure from its clientele to hold back on more rate increasing. These banks are already under water to the tune of trillions because they unwisely bought bonds when interest rates were very low. Now if rates go higher, not only will their older bonds and mortgages drop even more if marked to what they realistically could sell them for, but their own customers' defaulting on loans and mortages will also rise as the economy weakens due to the effects of the rising rates. That the Fed will turn away from hawkish accents, at least, is the expectation of the growth stock and tech stock afficionadas who will be buying on the sell-offs in their favorite groups. Watch any longs you have now for signs these stocks or ETFs are going to drop with the DJI. Most often a Peerless sell signal takes semis, techs and biotechs, too. That is what I tried to show last night. The smaller regional banks are in trouble. I would short more of them. Expect the DJI to drop to its lower band. Remember in May traders "go away". Without their support of the DJI, it may go back even to 30000. Watch the breadth (which was terrible today) and our Accumulation Index. It is still high for the big major market ETFs, but can drop swiftly below its 21-day ma if this is to be a big sell-off. |
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Charts - 4/25/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90425.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-25-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-25-2023/BEARISH.htm |
Peerless DJI and Signals |
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DIA testing its rising 21-dma.
But its long Closing Power uptrend has been violated. |
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NASDAQ testing its rising 65-dma. |
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Uptrend of QQQ's Closing Power has not been violated. |
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SPY's Closing
Power uptrend has not yet been violated. |
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Weak SOXL... |
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TECL
is testing its rising 65-dma. CP uptrend has been violated. |
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FAS is weak, below falling 65-dma. CP uptrend has been violated. |
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Table 2 QUICKSILVER on ETFS - 4/25/2023 --- Bullish = 4 SPY,(.264), GLD (.343) Bearish = 1 WEAT ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ============================================================================================== DIA 335.33 -3.42 338.99 -66% ------- RED .297 0 . ---- --------------------------------------------------------------------------------------------- COMPQX 11799.16 -238.04 12157.23 -146.4% ------- RED .186 .017 .203 --------------------------------------------------------------------------------------------- SPY 406.08 -6.55 414.14 -98.4% ------- RED .259 .005 .264 --------------------------------------------------------------------------------------------- QQQ 309.99 -5.96 318.71 -139.8% ------- RED .156 .044 .2 --------------------------------------------------------------------------------------------- MDY 447.42 -8.76 457.93 -106.3% Bearish RED .137 -.06 .077 --------------------------------------------------------------------------------------------- IWM 173.06 -4.38 178.25 -139.5% Bearish RED .083 -.081 .002 --------------------------------------------------------------------------------------------- FAS 59.36 -3.31 64.52 -369.2% ------- RED .278 -.312 -.034 --------------------------------------------------------------------------------------------- RETL 6.33 -.69 6.98 -488.5% Bearish RED -.014 -.349 -.363 --------------------------------------------------------------------------------------------- SOXL 13.2 -1.43 15.26 -851.7% Bearish RED .023 -.155 -.132 --------------------------------------------------------------------------------------------- TECL 31.87 -2.19 35.61 -580% ------- RED .19 .046 .236 ------------------------------------------------------------------------------------ --------- IBB 130.5 -2.55 133.22 -81.3% ------- RED .16 -.004 .156 --------------------------------------------------------------------------------------------- GLD 185.75 .94 185.36 -13.5% Bullish BLUE .261 .082 .343 --------------------------------------------------------------------------------------------- DBO 14.74 -.39 15.06 -206.1% ------- RED -.007 -.023 -.03 --------------------------------------------------------------------------------------------- OIH 274.46 -11.72 287.21 -216.6% Bearish RED .015 -.156 -.141 --------------------------------------------------------------------------------------------- CPER 23.66 -.69 24.89 -281.8% Bearish ---- .041 -.021 .02 --------------------------------------------------------------------------------------------- TAN 75.62 -2.06 77.78 -178.6% ------- RED .145 .007 .152 --------------------------------------------------------------------------------------------- UUP 27.79 .13 27.78 12.6% ------- BLUE -.057 .003 -.054 --------------------------------------------------------------------------------------------- CORN 24.21 -.09 25.16 -255.6% Bullish RED .085 -.082 .003 --------------------------------------------------------------------------------------------- WEAT 6.57 -.04 6.93 -394.5% Bearish ---- -.143 -.169 -.312 --------------------------------------------------------------------------------------------- YINN 36.91 -3.35 44.56 -1062.2% Bearish RED .122 -.296 -.174 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/25/23 Bullish = 7 Bearish = 41 Notebig drop in DOW JONES value here tonight. --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .857 .857 .928 .928 .928 UTILITY .815 .842 .868 .842 .789 .763 HOSPITAL .785 .785 .785 .714 .714 .714 HOMEBLDG .722 .777 .722 .722 .777 .722 GOLD .717 .717 .76 .76 .804 .847 DJI-13 .538 .769 .538 .615 .692 .615 GAMING .526 .526 .526 .578 .684 .631 ============================================================================================== DOWJONES .5 .7 .533 .633 .666 .7 ============================================================================================== NASD-100 .5 .63 .63 .65 .65 .66 HIGHPRIC .493 .619 .597 .606 .649 .666 GREEN .444 .666 .611 .5 .555 .555 FIDSTKS .431 .508 .485 .491 .532 .532 FOOD .428 .571 .469 .469 .632 .653 SP-100 .422 .533 .488 .5 .611 .588 COMODITY .41 .538 .435 .461 .615 .641 ETFS .4 .509 .49 .563 .563 .636 MILITARY .384 .5 .461 .5 .576 .576 SP500 .381 .472 .455 .455 .501 .505 SOFTWARE .375 .464 .464 .464 .5 .517 BIOTECH .371 .422 .451 .427 .437 .422 INFRA .363 .393 .393 .393 .393 .393 INDEXES .362 .47 .448 .47 .524 .54 INSURANC .36 .4 .44 .44 .48 .4 NIFTY .34 .5 .568 .522 .59 .636 RUS-1000 .337 .431 .428 .425 .461 .459 EDU .333 .333 .333 .5 .5 .666 HACKERS .312 .437 .437 .437 .437 .562 SOLAR .312 .5 .5 .437 .375 .375 RETAIL .297 .425 .361 .382 .382 .446 GUNS .285 .357 .357 .357 .357 .357 COMPUTER .25 .35 .35 .35 .45 .6 OILGAS .247 .36 .298 .268 .35 .34 LOWPRICE .234 .292 .275 .275 .272 .283 TRANSP .21 .368 .368 .368 .315 .263 INDMATER .208 .291 .277 .319 .361 .375 BONDFUND .206 .218 .183 .229 .149 .264 FINANCE .187 .25 .225 .25 .25 .275 CHEM .186 .279 .255 .279 .348 .325 ELECTRON .172 .285 .293 .3 .33 .368 AUTO .169 .226 .207 .226 .245 .301 COAL .166 .166 .166 .333 .5 .5 JETS .153 .153 .153 .153 .307 .307 BIGBANKS .142 .428 .285 .285 .285 .285 COPPER .142 .142 .142 .142 .428 .428 SEMI .138 .297 .319 .297 .329 .372 REIT .123 .146 .176 .169 .192 .161 MARIJUAN .1 .1 .1 .1 .1 .2 CHINA .09 .136 .159 .181 .181 .204 REGBANKS .024 .048 .048 .048 .048 .048 |
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Tuesday -
4/25/2023 - 6:15 AM Futures: DJI -102 NASDAQ -53
Data used 4/24/2023
4/24/2023
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Another early dip is shaping up. But seasonality is quite bullish for the next ten days. And traders may be pleased with AMZN earnings today. Covid has brought a lot of new buyers to Amazon. The DJI was down on Monday more than 100 points. Then began a mid-day rally as Professionals, as though in unison, drove prices up quite steadily. This action is what has been driving the DJI and the various major market indexes up ever since the current rally began. We are waiting for Professionals not behaving this way to call for a decline to the lower band by the DJI, SPY, QQQ and NASDAQ. We may need to see the exactly opposite behavior, namely a sharp reversal down after a strong opening. But we wll also turn bearish if the steep Closing Power uptrends are broken by additional significant selling after a poor opening, such as today appears to be offering. In trusting our Closing Power, at first, we simply reasoned that Professionals usually know best. Compared to the Public which tends to be more influenced by the headlines, we do not need to be cynics to undertand that Professionals do know much better what the FED really intends to do, rather than what Powell and associates simply say. They also know more because they are smart enough to watch what those with insider information are doing. Tiger and Peerless Signals When we superimpose the Peerless DJI-based signals on indexes of groups of stocks or ETFs, we find that their Buys and Sells taken at the next day's opening brings widely different gains from group to group or ETF to ETF. For years, we have seen Peerless work best in terms of gains long and short where there is volatility. See below how well Peerless has worked this year with biotechs, semi-conductors and electronics stocks. And also with housing stocks. When a signal occurs with one of these groups, it is advisable to look for their representatives in the Bearish MINCPs and Bullish MAXCPs. Traders should also consider trading soon after a reversing optimized Buy or Sell when that system for a group or an ETF shows both very high pct. gains on an ETF or Tiger Stock group. See below. I put the most trust in these when they are based on 5-day and 50-day Stochastics. With luck the best picks this way show lots of other technical signs, such as being near support or resistance and a Closing Power reversal. |
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Charts - 4/24/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90424.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-24-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-24-2023/BEARISH.htm |
There remains lots of
overhead resistance. Each rally to 34000 brings out new sellers in DJI. The break in the A/D Line shows NYSE breadth is deteriorating. But the P-I is still rising. Its trend-breaks have been a superb way to trade DJI or DIA. |
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The Peerless Buys and Sells have
produced only adequate gains DIA. The Peerless signals have done much better on the more volatile tech ETFs and sectors. See further below. Trading Peerless Buys and Sells at opening the day after the signal works very well with Biotechs and Semi-conductors. See these charts further below. |
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Best
Sectors to trade Peerless for last year.
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Optimized trading Buys and Sells have worked particularly for Bonds and
Utilities. |
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Finding the weakest in a very weak group is the basis of hedging with
Bearish MINCPs. The best short sales appear night after night, just as do the most bullish MAXCPs. |
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TABLE 1 - DAILY BREADTH and VOLUME STATISTICS
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Table 2 QUICKSILVER on ETFS - 4/24/2023 --- Bullish = 4 COMPQX (.2978), SPY,(.397),QQQ (.297), TECL (.385) Bearish = 1 WEAT ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ============================================================================================== DIA 338.75 .64 339.8 -17.3% Bullish BLUE .404 0 ---- (High) --------------------------------------------------------------------------------------------- COMPQX 12037.2 -35.26 12153.41 -49.7% ------- RED .281 .016 .297 --------------------------------------------------------------------------------------------- SPY 412.63 .43 414.21 -15.8% ------- BLUE .388 .009 .397 --------------------------------------------------------------------------------------------- QQQ 315.95 -.66 318.86 -45.5% ------- RED .255 .042 .297 --------------------------------------------------------------------------------------------- MDY 456.18 .03 457.13 -18% ------- BLUE .228 -.055 .173 --------------------------------------------------------------------------------------------- IWM 177.44 -.12 178.02 -37.6% ------- BLUE .2 -.071 .129 --------------------------------------------------------------------------------------------- FAS 62.67 -.42 64.06 -64.3% ------- RED .379 -.281 .098 --------------------------------------------------------------------------------------------- RETL 7.02 .12 7.01 7.2% ------- BLUE .101 -.317 -.216 --------------------------------------------------------------------------------------------- SOXL 14.63 -.23 15.78 -309.7% Bearish RED .074 -.123 -.049 --------------------------------------------------------------------------------------------- TECL 34.06 -.45 35.93 -219.5% ------- RED .301 .084 .385 --------------------------------------------------------------------------------------------- IBB 133.05 -.41 132.66 -19.6% Bullish RED .25 0 .25 --------------------------------------------------------------------------------------------- GLD 184.81 .56 186.25 -19.4% Bullish BLUE .187 .063 .25 --------------------------------------------------------------------------------------------- DBO 15.13 .2 15.36 -86.1% Bullish BLUE .075 .013 .088 --------------------------------------------------------------------------------------------- OIH 286.18 8.36 286.77 -8.8% Bullish BLUE .1 -.104 -.004 --------------------------------------------------------------------------------------------- CPER 24.35 -.08 25.05 -119% Bearish RED .079 -.021 .058 --------------------------------------------------------------------------------------------- TAN 77.68 -.04 78.4 -43.6% ------- RED .198 .012 .21 --------------------------------------------------------------------------------------------- UUP 27.66 -.09 27.72 -28.8% ------- ---- -.084 -.013 -.097 --------------------------------------------------------------------------------------------- CORN 24.3 -.11 25.48 -205.6% Bullish BLUE .134 -.082 .052 --------------------------------------------------------------------------------------------- WEAT 6.61 -.13 7.11 -324.5% Bearish RED -.134 -.148 -.282 --------------------------------------------------------------------------------------------- YINN 40.26 -1.3 46.09 -708.3% Bearish RED .213 -.315 -.102 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/24/23 Bullish = 16 Bearish = 30 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .857 .928 .928 .928 .928 UTILITY .842 .868 .842 .789 .763 .842 HOSPITAL .785 .785 .714 .714 .714 .714 HOMEBLDG .777 .722 .722 .777 .777 .722 DJI-13 .769 .538 .615 .692 .615 .538 GOLD .717 .76 .76 .804 .847 .847 DOWJONES .7 .533 .633 .666 .666 .7 ===== GREEN .666 .611 .5 .555 .555 .5 NASD-100 .63 .63 .65 .65 .67 .68 HIGHPRIC .619 .597 .606 .649 .662 .658 FOOD .571 .489 .448 .632 .653 .653 COMODITY .538 .461 .435 .615 .641 .641 SP-100 .533 .488 .5 .611 .588 .611 GAMING .526 .526 .526 .736 .631 .631 ETFS .509 .49 .563 .563 .654 .654 FIDSTKS .508 .485 .491 .532 .538 .568 =============================================================================================== MILITARY .5 .461 .5 .576 .538 .5 NIFTY .5 .568 .522 .59 .659 .636 SOLAR .5 .5 .437 .375 .375 .375 ----------------------------------------------------------------------------------------------- sP500 .472 .455 .457 .496 .509 .509 INDEXES .47 .448 .47 .524 .535 .589 SOFTWARE .464 .482 .464 .5 .517 .553 HACKERS .437 .437 .437 .437 .562 .562 RUS-1000 .431 .428 .425 .461 .462 .459 BIGBANKS .428 .285 .285 .285 .285 .285 RETAIL .425 .361 .382 .382 .446 .425 BIOTECH .421 .447 .426 .438 .416 .416 INSURANC .4 .44 .44 .48 .4 .36 INFRA .393 .393 .393 .393 .393 .393 TRANSP .368 .368 .368 .315 .263 .263 OILGAS .36 .298 .268 .35 .34 .371 GUNS .357 .357 .357 .357 .357 .357 COMPUTER .35 .35 .35 .45 .6 .6 EDU .333 .333 .5 .5 .666 .666 SEMI .297 .319 .297 .329 .382 .372 LOWPRICE .292 .277 .277 .275 .28 .275 INDMATER .291 .277 .319 .361 .375 .388 ELECTRON .285 .293 .3 .33 .375 .375 CHEM .279 .255 .279 .348 .325 .325 FINANCE .25 .225 .25 .237 .275 .262 AUTO .226 .226 .226 .245 .32 .283 BONDFUND .218 .172 .229 .16 .275 .356 COAL .166 .166 .333 .5 .5 .5 JETS .153 .153 .153 .307 .307 .23 REIT .146 .169 .176 .2 .161 .161 COPPER .142 .142 .142 .428 .428 .428 CHINA .136 .159 .181 .181 .204 .159 MARIJUAN .1 .1 .1 .1 .2 .2 REGBANKS .048 .048 .048 .048 .048 .073 |
====================================================================================
Monday - 4/24/2023
- 6:15 AM Futures: DJI -25 NASDAQ
+3 Data used 4/21/2023
4/21/2023
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The Closing
Powers for DIA, SPY, QQQ and the NASDAQ are still rising. Table 2 below shows that their Power scores are above +.25. So, these key major market ETFs should be resistant to a big sell off. But the DJI chart shows stubborn well tested resistamce overhead and a broken A/D Line uptrend. If the DIA's Closing Power uptrend is broken, we will have to consider the Peerless S12 to be clinched. Today's news that BBBY is going bankrupt is not much of a surprise. Big money has been a heavy seller for much of the last two years. See the heavy red Distribution in the BBBY charts below. Our Accumulation Index is as important as our Closing Power. See the highest AI stocks now below and the lowest AI/200 scores among the regional banks that threaten now to start another leg down. So many of you have sought a Windows-10 version of Peerless, that I have started converting our software to Visual Net 2022. I will keep you apprised of how much I have got done. |
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Charts - 4/21/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90421.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-21-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-21-2023/BEARISH.htm |
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Table 2 QUICKSILVER on ETFS - 4/21/2023 --- Bullish = 5 COMPQX (.28), SPY,(.328),QQQ (.272),, GLD (.25),TECL (.358) Bearish = 2 RETL (-.39 ), WEAT ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ============================================================================================== DIA 338.11 .16 339.92 -10.8% Bullish RED .335 0 ----- --------------------------------------------------------------------------------------------- COMPQX 12072.46 12.9 12157.72 -21% ------- BLUE .263 .017 .28 --------------------------------------------------------------------------------------------- SPY 412.2 .32 413.94 -3.1% ------- ---- .32 .008 .328 --------------------------------------------------------------------------------------------- QQQ 316.61 .33 318.84 -30.8% ------- BLUE .228 .044 .272 --------------------------------------------------------------------------------------------- MDY 456.15 -.24 457.83 19.4% ------- RED .181 -.058 .123 --------------------------------------------------------------------------------------------- IWM 177.56 .23 178.78 29.5% Bearish RED .154 -.075 .079 --------------------------------------------------------------------------------------------- FAS 63.09 -.81 63.49 133.1% ------- RED .32 -.294 .026 --------------------------------------------------------------------------------------------- RETL 6.9 .01 7.01 -14.4% Bearish ---- .054 -.353 -.299 --------------------------------------------------------------------------------------------- SOXL 14.86 -.34 15.58 -232.6% Bearish RED .086 -.095 -.009 --------------------------------------------------------------------------------------------- TECL 34.51 -.39 35.61 -101.5% ------- ---- .268 .09 .358 --------------------------------------------------------------------------------------------- IBB 133.46 1.52 133.57 38.8% Bullish BLUE .231 .005 .236 --------------------------------------------------------------------------------------------- GLD 184.25 -1.84 185.53 -56.7% Bullish RED .19 .06 .25 --------------------------------------------------------------------------------------------- DBO 14.93 .2 15.39 -223.2% ------- ---- -.001 -.002 -.003 --------------------------------------------------------------------------------------------- OIH 277.82 -5 286.68 -179.2% Bearish RED .036 -.152 -.116 --------------------------------------------------------------------------------------------- CPER 24.43 -.18 24.94 -142.4% Bearish RED .08 -.002 .078 --------------------------------------------------------------------------------------------- TAN 77.72 .09 78.36 89.4% ------- ---- .129 0 .129 --------------------------------------------------------------------------------------------- UUP 27.75 -.03 27.82 12.6% Bullish ---- -.015 -.003 -.018 --------------------------------------------------------------------------------------------- CORN 24.41 -.46 25.33 -138.9% Bullish RED .071 -.079 -.008 --------------------------------------------------------------------------------------------- WEAT 6.74 -.09 7.06 -150.5% Bearish RED -.121 -.131 -.252 --------------------------------------------------------------------------------------------- YINN 41.56 -2.04 46.56 -178.6% Bearish RED .189 -.243 -.054 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/21/23 Bullish = 12 Bearish = 36 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- UTILITY .868 .842 .789 .763 .815 .736 BEVERAGE .857 .928 .928 .928 .928 .928 HOSPITAL .785 .714 .714 .714 .714 .714 GOLD .76 .76 .804 .847 .847 .891 HOMEBLDG .722 .722 .777 .777 .722 .611 NASD-100 .63 .65 .65 .67 .68 .64 ------ GREEN .611 .5 .555 .555 .5 .444 HIGHPRIC .597 .606 .649 .662 .653 .61 NIFTY .568 .522 .59 .659 .636 .659 DJI-13 .538 .615 .692 .615 .538 .538 DOWJONES .533 .633 .666 .666 .7 .6 ----- GAMING .526 .526 .684 .684 .631 .684 =========================================================================================== SOLAR .5 .437 .375 .375 .375 .125 =========================================================================================== ETFS .49 .563 .563 .654 .672 .636 FOOD .489 .469 .612 .653 .653 .632 SP-100 .488 .5 .611 .588 .6 .555 FIDSTKS .485 .491 .532 .538 .562 .502 SOFTWARE .482 .482 .5 .517 .553 .553 COMODITY .461 .461 .589 .641 .641 .615 MILITARY .461 .5 .576 .538 .5 .423 SP500 .455 .457 .498 .505 .507 .453 ----- BIOTECH .449 .425 .439 .42 .417 .381 INDEXES .448 .47 .524 .535 .589 .556 INSURANC .44 .44 .48 .4 .4 .2 HACKERS .437 .437 .437 .562 .562 .562 RUS-1000 .428 .425 .461 .462 .459 .418 INFRA .393 .393 .393 .393 .393 .333 TRANSP .368 .368 .315 .263 .263 .263 RETAIL .361 .382 .382 .446 .425 .34 GUNS .357 .357 .357 .357 .357 .357 COMPUTER .35 .35 .45 .6 .6 .6 EDU .333 .5 .5 .666 .666 .666 SEMI .319 .297 .329 .382 .361 .393 OILGAS .298 .268 .35 .34 .371 .402 ELECTRON .293 .3 .33 .375 .36 .39 BIGBANKS .285 .285 .285 .285 .285 .285 INDMATER .277 .319 .361 .375 .375 .361 LOWPRICE .277 .28 .277 .283 .275 .266 CHEM .255 .279 .348 .325 .325 .302 AUTO .226 .245 .245 .32 .283 .264 FINANCE .225 .25 .237 .262 .275 .25 BONDFUND .172 .218 .16 .287 .367 .494 REIT .169 .169 .207 .169 .153 .123 COAL .166 .333 .5 .5 .5 .5 CHINA .159 .181 .181 .204 .159 .159 JETS .153 .153 .307 .307 .23 .23 COPPER .142 .142 .428 .428 .428 .428 MARIJUAN .1 .1 .1 .2 .2 .1 REGBANKS .048 .048 .048 .048 .073 .048 |
===================================================================================
Friday - 4/21/2023
- 6:00 AM Futures: DJI -21 NASDAQ -33
Data used 4/20/2023
4/20/2023
|
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The Closing Powers for DIA, SPY, NASDAQ, TECL and QQQ are still rising. But the DJI's well-tested resistance just above 34000 has brought in new selling each time it has been challenged this year. So, there appears to be little upside head-room for the major market ETFs. Today the NYSE A/D Line broke its uptrend. That usually brings in a new round of selling. And sure enough, see in Table 3 below how many more groups of stocks now have a majority of their components below their 65-dma. Tesla got badly jolted today when Elon Musk's rocket blew up prematurely. The euphemism used on CNN quite seriously was that an "unscheduled disassembly" took place. This event has hurt tech stocks only temporarily. Hedging seems advisable. The weakest regional banks also fell back. But BSX is the best stock that I can find now and it should be held long. Its AI/200 is 190, way above every other stock that I am aware of. Fridays have had a habit ot rallying this year. Until the Closing Power uptrends are violated, we cannot "clinch" the Sell S12. So more backing and filling by the averages seems likely. |
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Charts - 4/20/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90420.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-20-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-20-2023/BEARISH.htm |
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Table 1 - Daily Breadth
and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/20/2023 --- Bullish = 1 GLD (.325) Bearish = 1 RETL (-.39 ) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ============================================================================================== DIA 337.95 -1.04 338.84 -35.6% Bullish BLUE .24 0 ---- --------------------------------------------------------------------------------------------- COMPQX 12059.56 -97.67 12123.47 -43.9% ------- BLUE .183 .006 .189 --------------------------------------------------------------------------------------------- SPY 411.88 -2.26 412.46 -19.2% Bullish BLUE .216 .002 .218 --------------------------------------------------------------------------------------------- QQQ 316.28 -2.43 318.57 -45.3% ------- BLUE .132 .031 .163 --------------------------------------------------------------------------------------------- MDY 456.39 -1.54 454.38 -5.6% Bearish BLUE .072 -.062 .01 --------------------------------------------------------------------------------------------- IWM 177.33 -.92 176.51 -23.6% Bearish BLUE .034 -.083 -.049 --------------------------------------------------------------------------------------------- FAS 63.9 -.62 61.4 347.4% ------- BLUE .217 -.291 -.074 --------------------------------------------------------------------------------------------- RETL 6.89 -.09 6.92 -28.7% Bearish BLUE -.017 -.375 -.392 --------------------------------------------------------------------------------------------- SOXL 15.2 -.06 15.58 -150.9% Bearish BLUE .013 -.125 -.112 --------------------------------------------------------------------------------------------- TECL 34.9 -.71 35.23 -136% ------- BLUE .146 .069 .215 --------------------------------------------------------------------------------------------- IBB 131.94 -1.28 132.43 -61.6% Bullish RED .127 -.022 .105 --------------------------------------------------------------------------------------------- GLD 186.09 .73 186.36 -97.2% Bullish ---- .245 .08 .325 --------------------------------------------------------------------------------------------- DBO 14.73 -.33 15.61 -263.1% Bullish RED -.037 .003 -.034 --------------------------------------------------------------------------------------------- OIH 282.82 -4.39 288.08 -102.6% ------- RED -.014 -.116 -.13 --------------------------------------------------------------------------------------------- CPER 24.61 -.28 25.14 -127.7% Bearish RED .032 .005 .037 --------------------------------------------------------------------------------------------- TAN 77.63 -.15 76.33 41.3% ------- BLUE .062 -.006 .056 --------------------------------------------------------------------------------------------- UUP 27.78 0 27.68 46.9% ------- ---- -.026 .006 -.02 --------------------------------------------------------------------------------------------- CORN 24.87 -.29 25.11 19.9% Bullish ---- .103 -.051 .052 --------------------------------------------------------------------------------------------- WEAT 6.83 -.1 6.95 35.9% Bearish ---- -.102 -.099 -.201 --------------------------------------------------------------------------------------------- YINN 43.6 -.96 43.16 -133.2% Bearish RED .121 -.231 -.11 |
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Table 3 KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/20/23 Bullish = 12 Bearish = 33 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .928 .928 .857 .928 UTILITY .842 .789 .763 .815 .736 .921 GOLD .76 .804 .847 .847 .891 .913 HOMEBLDG .722 .777 .777 .722 .611 .666 HOSPITAL .714 .714 .714 .714 .714 .714 NASD-100 .65 .65 .67 .68 .64 .64 DOWJONES .633 .666 .666 .7 .6 .666 DJI-13 .615 .692 .615 .538 .538 .615 HIGHPRIC .606 .649 .662 .653 .614 .658 ETFS .563 .563 .654 .672 .654 .69 GAMING .526 .684 .631 .684 .684 .736 NIFTY .522 .59 .659 .636 .659 .704 ----------------------------------------------------------------------------------------------- EDU .5 .5 .666 .666 .666 .666 GREEN .5 .555 .555 .5 .388 .555 MILITARY .5 .576 .538 .5 .423 .538 SP-100 .5 .611 .588 .6 .544 .566 ----------------------------------------------------------------------------------------------- FIDSTKS .491 .532 .538 .562 .497 .532 SOFTWARE .482 .517 .517 .553 .553 .553 INDEXES .47 .524 .535 .589 .556 .6 FOOD .469 .632 .632 .653 .632 .612 COMODITY .461 .615 .615 .641 .615 .615 SP500 .457 .498 .507 .503 .453 .484 INSURANC .44 .48 .4 .4 .2 .36 HACKERS .437 .437 .562 .562 .562 .562 SOLAR .437 .375 .375 .375 .125 .25 BIOTECH .425 .437 .42 .42 .384 .415 RUS-1000 .425 .461 .462 .459 .418 .449 INFRA .393 .393 .393 .393 .333 .333 RETAIL .382 .382 .446 .425 .34 .382 TRANSP .368 .315 .263 .263 .315 .263 GUNS .357 .357 .357 .357 .357 .428 COMPUTER .35 .45 .6 .6 .65 .7 COAL .333 .5 .5 .5 .5 .5 INDMATER .319 .361 .375 .375 .361 .444 ELECTRON .3 .33 .375 .36 .375 .383 SEMI .297 .329 .382 .361 .382 .393 BIGBANKS .285 .285 .285 .285 .285 0 LOWPRICE .28 .28 .286 .277 .266 .252 CHEM .279 .348 .325 .325 .302 .372 OILGAS .268 .35 .34 .371 .402 .463 FINANCE .25 .237 .262 .262 .25 .212 AUTO .245 .264 .32 .283 .264 .245 BONDFUND .218 .149 .287 .379 .494 .62 CHINA .181 .181 .204 .159 .159 .181 REIT .169 .2 .176 .161 .115 .161 JETS .153 .307 .307 .23 .23 .23 COPPER .142 .428 .428 .428 .428 .428 MARIJUAN .1 .1 .2 .2 .2 .2 REGBANKS .048 .048 .048 .073 .048 .024 |
====================================================================================
Thursday - 4/20/2023 - 6:08
AM Futures:
DJI -183 NASDAQ -120 Data
used 4/19/2023
4/19/2023
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The
resistance at 34000 is proving too much for the rally. A decline to the lower band is likely. A patttern of early DJI weakness followed by a steady recovery in the second half of each day's trading has kept the DJI very close to its now well-tested resistance just above 34000. But how many failed rally attempts will still allow Professionals to prop up the DJI. The 5% short-term interest rates are now likely to cause a break in the NYSE A/D Line uptrend. And with that will come additional selling. The rising Closing Powers shown in the charts below are looking more and more over-extended and vulnerable. Now traders must face squarely and head-on the entirely likely prospects of dangerous "brinksamenship" from a political failure to agree on an increase in the Federal Budget's deficit. In 2011, such brinksmanship over the budget deficit brought abouyt a 17% DJI decline from its highs. Only then did the Republicans and Democrats agree to compromise. But now the political parties are farther apart and now the shrill demands of extremeists in Congress make miscalculation and a bigger sell-off even more likely. So far, this scenario has not been front and center. The Bank failures and the role rising interest rates have played that role. I would continue to hedge with some short sales among the Bearish MINCPs and the weakest regional banks, as shown below. With long positions, among the bullish MAXCPs, I would plan to take some quick profits if today brings a follow- through decline even lower after today's weak opening. It will not take much of a red candle-stick in DIA to cause its Closing Power to break its uptrend. This is what we have been waiting for to 'clinch' our Sell S12. Note in the DJI chart below that the key short-term 5-day ma will pivot down unless the DJI can somehow close today above 34000. |
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Charts - 4/19/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90419.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-19-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-19-2023/BEARISH.htm |
The
resistance at 34000 has now held back 5 different rallies this year. |
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Note red Sell from
optimized trading systems for DIA and how the Closing Power's uptrend, though still intact and rising, is looking like it could soon be broken. |
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NASDAQ cannot seem to overcome
resistance just above 12200. Its Closing Power's uptrend is still intect. But its Relative Strength and OBV uptrends have been broken. |
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QQQ cannot seem to overcome
resistance just above 320. Its Closing Power's uptrend is still intect. But its Relative Strength and OBV uptrends have been broken. |
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SPY is very close to
having its price uptrend-line broken. Its Closing Power is still rising. |
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The
failure to resolve the budget dispute between President and House would stop payments to health insurance companies from Federal Govt. As DJI's highest priced stocks, UNH could be a particularly heavy drag on DJI. |
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Regional
banks bounced up off their lows today, but their falling triangle pattern is still bearishly alive and dangerous. The weakest regional banks shown below should be shorted again. |
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FRC is the regional bank most talked about as possibly failing. It did give a red Buy signal today, but it could suddenly collapse. Stay short for now as a hedge. |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/19/2023 --- Bullish = 4 COMPQX, SPY , TECL (+.352), GLD Bearish = 1 RETL (-.43) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ============================================================================================== DIA 338.99 -.81 340.37 35.1% Bullish RED .276 0 ==== --------------------------------------------------------------------------------------------- COMPQX 12157.23 3.82 12166.27 94.1% Bullish BLUE .238 .021 .259 --------------------------------------------------------------------------------------------- SPY 414.14 -.07 413.47 73.8% Bullish BLUE .259 .009 .268 --------------------------------------------------------------------------------------------- QQQ 318.71 -.15 319.17 89.2% Bullish BLUE .191 .048 .239 --------------------------------------------------------------------------------------------- MDY 457.93 .8 456.9 46.8% Bearish BLUE .073 -.064 .009 --------------------------------------------------------------------------------------------- IWM 178.25 .23 178.17 67.9% Bearish BLUE .018 -.083 -.065 --------------------------------------------------------------------------------------------- FAS 64.52 .46 59.55 517.7% ------- BLUE .241 -.27 -.029 --------------------------------------------------------------------------------------------- RETL 6.98 -.03 6.93 93.6% Bearish BLUE -.042 -.388 -.43 --------------------------------------------------------------------------------------------- SOXL 15.26 -.52 15.67 -22.5% Bearish BLUE .017 -.054 -.037 --------------------------------------------------------------------------------------------- TECL 35.61 -.32 35.87 223.6% Bullish BLUE .193 .159 .352 --------------------------------------------------------------------------------------------- IBB 133.22 .56 133.58 100.3% Bullish BLUE .137 -.019 .118 --------------------------------------------------------------------------------------------- GLD 185.36 -.89 189.72 -48.9% Bullish BLUE .216 .065 .281 --------------------------------------------------------------------------------------------- DBO 15.06 -.3 15.54 -183.8% Bullish RED .106 .041 .147 --------------------------------------------------------------------------------------------- OIH 287.21 .44 288.72 -11.1% ------- BLUE -.033 -.094 -.127 --------------------------------------------------------------------------------------------- CPER 24.89 -.16 25.25 -4% Bearish RED .138 .013 .151 --------------------------------------------------------------------------------------------- TAN 77.78 -.62 76.99 204% ------- BLUE .094 -.019 .075 --------------------------------------------------------------------------------------------- UUP 27.78 .06 27.52 23.5% ------- ---- -.051 -.008 -.059 --------------------------------------------------------------------------------------------- CORN 25.16 -.32 24.77 67.7% Bullish RED .028 -.058 -.03 --------------------------------------------------------------------------------------------- WEAT 6.93 -.18 6.78 43.1% Bearish RED -.139 -.094 -.233 --------------------------------------------------------------------------------------------- YINN 44.56 -1.53 44.8 302.3% Bearish BLUE .163 -.207 -.044 |
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TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/19/23 Bullish = 20 Bearish = 27 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .928 .857 .928 .857 GOLD .804 .847 .847 .891 .913 .869 UTILITY .789 .763 .815 .736 .921 .921 HOMEBLDG .777 .777 .722 .611 .666 .666 HOSPITAL .714 .714 .714 .714 .785 .714 DJI-13 .692 .615 .538 .538 .615 .615 GAMING .684 .631 .631 .736 .736 .578 DOWJONES .666 .666 .7 .6 .666 .633 NASD-100 .65 .67 .68 .64 .64 .59 HIGHPRIC .649 .662 .653 .614 .662 .571 FOOD .632 .653 .632 .632 .612 .591 COMODITY .615 .641 .615 .615 .615 .589 SP-100 .611 .588 .6 .544 .566 .444 NIFTY .59 .659 .636 .659 .704 .613 MILITARY .576 .538 .5 .423 .538 .5 ETFS .563 .654 .672 .654 .709 .618 GREEN .555 .555 .5 .388 .555 .444 FIDSTKS .532 .538 .562 .497 .538 .449 INDEXES .524 .535 .589 .556 .605 .529 SOFTWARE .517 .535 .553 .553 .553 .517 ============================================================================================== COAL .5 .5 .5 .5 .5 .5 EDU .5 .666 .666 .666 .666 .666 ============================================================================================== SP500 .498 .507 .505 .449 .49 .435 INSURANC .48 .4 .4 .2 .36 .44 RUS-1000 .461 .462 .459 .418 .456 .403 COMPUTER .45 .6 .6 .65 .7 .65 BIOTECH .437 .417 .42 .386 .413 .34 HACKERS .437 .562 .562 .562 .562 .562 COPPER .428 .428 .428 .428 .428 .285 INFRA .393 .393 .393 .333 .333 .333 RETAIL .382 .446 .425 .34 .382 .276 SOLAR .375 .375 .375 .125 .25 .125 INDMATER .361 .375 .375 .361 .444 .361 GUNS .357 .357 .357 .357 .428 .428 OILGAS .35 .34 .371 .402 .484 .432 CHEM .348 .325 .325 .302 .372 .325 ELECTRON .33 .375 .36 .375 .375 .375 SEMI .329 .382 .361 .382 .382 .372 TRANSP .315 .263 .263 .315 .315 .315 JETS .307 .307 .23 .23 .23 .23 BIGBANKS .285 .285 .285 .285 0 0 LOWPRICE .28 .289 .28 .269 .249 .24 AUTO .264 .339 .283 .264 .245 .245 FINANCE .237 .262 .262 .237 .212 .187 REIT .2 .169 .169 .123 .161 .161 CHINA .181 .204 .159 .159 .159 .113 BONDFUND .149 .275 .379 .505 .632 .632 MARIJUAN .1 .2 .2 .2 .2 .2 REGBANKS .048 .048 .073 .048 .024 .024 |
===================================================================================
Wednesday - 4/19/2023 - 6:08
AM Futures:
DJI -100 NASDAQ -110 Data
used 4/18/2023
4/18/2023
|
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Short-term interest
rates rose above 5% today. Initially, the DJI fell more than 100 in response, but at the close it was down only 11. Professionals waited two hours into trading to steadily resume their buying. As a result, the Closing Power uptrends for DIA, NASDAQ, SPY, QQQ and TECL are still unbroken on the current rally. But it is significant that the selling came in as the DJI reached its well-tested resistance-line just a little above 34000. There were no breakouts in these indexes. This morning more early weakness is developing. But we will need to see the rising Closing Powers break their uptrends to be in a position to call a decline to the lower band. See below also, how well the price-uptrends for these ETFs determine if prices will go higher or lower. And note how well the P-Indicator trendline breaks have called the advances and declines for the DJI this past year. That uptrend is still intact, but since we will be dropping off very positive days 21 and 20 days ago, it will probably be broken. Note, also that it will take more than a 300-point DJI decline to turn down our DJI 5-day ma. So, though we have a Sell S12 as our last Peerless signal, we should stay hedged, rather than turn bearish. The Bullish MAXCPs seem to keep rising and the Bearish MINCPs keep falling. Financials along with UNH, as the highest priced DJI stock, usually lead and track the DJI. JPM has been a beneficiary of the recent wave of depositor-fear about banks. It has been able to open a lot of new accounts as a result of the panic elsewhere in banking. See how JPM is now holding up the DJI by rallying on better than expected earnings. Goldman Sachs, other the other hand, was turned back down from its overhead resistance. If it falls and UNH keeps retreating, I would expect the DJI to turn down. Such is their extra importance as the two most heavily weighted DJI stocks. In that connection, watch high- priced MSFT. Note its red candle-stick today as it was turned back from its overhead resistance. We have been recommending shorting the weakest bearish MINCPs, especially those that are regional bankers. The jump in short-term interest rates have spooked many of them again. But the regional banks' ETFs are still holding at their lows. Watch KRE and DPST (3-times leveraged) long ETFs here. A good number of the regional banks shares fell to new lows today. I think that we can bet that those are the ones in most trouble. If the FED keeps raising rates, they will suffer the most, first because their long-term investments will go down in value even more and, second because defaults in home and car loans are bound to rise. |
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Charts - 4/18/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90418.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-18-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-18-2023/BEARISH.htm |
Short-Term Rates now up to 5%. |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/18/2023 --- Bullish = 8 COMPQX, SPY, QQQ, TECL (+.338), GLD, DBO, GLD, DBO Bearish = 1 RETL (-.514) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.8 -.12 336.61 42.8% Bullish RED .317 ----- ----- --------------------------------------------------------------------------------------------- COMPQX 12153.41 -4.31 11929.34 50.3% ------- RED .249 .01 .259 --------------------------------------------------------------------------------------------- SPY 414.21 .27 408.05 54.6% Bullish RED .286 .002 .288 --------------------------------------------------------------------------------------------- QQQ 318.86 .02 313.04 47.8% Bullish RED .218 .039 .257 --------------------------------------------------------------------------------------------- MDY 457.13 -.7 453.66 9.4% Bearish RED .054 -.077 -.023 --------------------------------------------------------------------------------------------- IWM 178.02 -.76 175.84 24.8% Bearish RED -.022 -.099 -.121 --------------------------------------------------------------------------------------------- FAS 64.06 .57 58.17 461.6% ------- BLUE .2 -.28 -.08 --------------------------------------------------------------------------------------------- RETL 7.01 0 6.85 -305.8% Bearish RED -.09 -.424 -.514 --------------------------------------------------------------------------------------------- SOXL 15.78 .2 15.33 -137.2% Bearish RED .03 -.07 -.04 --------------------------------------------------------------------------------------------- TECL 35.93 .32 34.03 189.6% Bullish RED .212 .126 .338 --------------------------------------------------------------------------------------------- IBB 132.66 -.91 130.56 73.8% ------- RED .163 -.031 .132 --------------------------------------------------------------------------------------------- GLD 186.25 .72 187.19 -.8% Bullish BLUE .199 .071 .27 --------------------------------------------------------------------------------------------- DBO 15.36 -.03 15.63 3.2% Bullish RED .21 .079 .289 --------------------------------------------------------------------------------------------- OIH 286.77 .09 287.85 10.1% ------- BLUE -.028 -.094 -.122 --------------------------------------------------------------------------------------------- CPER 25.05 .11 24.91 74% ------- ---- .155 .018 .173 --------------------------------------------------------------------------------------------- TAN 78.4 .04 74.64 175.4% ------- RED .095 -.019 .076 --------------------------------------------------------------------------------------------- UUP 27.72 -.1 27.65 -14.4% ------- ---- -.118 -.005 -.123 --------------------------------------------------------------------------------------------- CORN 25.48 .15 24.82 114.1% Bullish BLUE .098 -.044 .054 --------------------------------------------------------------------------------------------- WEAT 7.11 .05 6.87 188.4% Bearish ---- -.125 -.078 -.203 --------------------------------------------------------------------------------------------- YINN 46.09 -.47 41.87 20.2% Bearish RED .147 -.219 -.072 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/18/23 Bullish = 24 Bearish = 24 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .928 .857 .928 .857 .785 GOLD .847 .847 .891 .913 .869 .891 HOMEBLDG .777 .722 .611 .666 .666 .666 UTILITY .763 .815 .736 .921 .894 .894 HOSPITAL .714 .714 .714 .785 .785 .714 NASD-100 .67 .68 .64 .64 .6 .67 DOWJONES .666 .7 .6 .666 .633 .633 ====== EDU .666 .666 .666 .666 .666 .666 HIGHPRIC .662 .653 .614 .662 .58 .61 NIFTY .659 .636 .659 .704 .636 .704 ETFS .654 .672 .654 .709 .636 .581 FOOD .653 .653 .612 .612 .591 .612 COMODITY .641 .641 .589 .615 .589 .564 GAMING .631 .631 .684 .789 .578 .684 DJI-13 .615 .538 .538 .615 .615 .615 COMPUTER .6 .6 .65 .7 .65 .65 SP-100 .588 .6 .544 .566 .444 .522 HACKERS .562 .562 .562 .562 .562 .562 GREEN .555 .5 .388 .555 .444 .388 FIDSTKS .538 .562 .497 .538 .455 .508 MILITARY .538 .5 .423 .538 .5 .5 INDEXES .535 .589 .556 .605 .529 .572 SOFTWARE .535 .571 .553 .553 .517 .553 SP500 .507 .505 .451 .486 .445 .472 ============================================================================================== COAL .5 .5 .5 .5 .5 .333 ============================================================================================== RUS-1000 .462 .459 .418 .456 .41 .438 RETAIL .446 .425 .34 .382 .297 .446 COPPER .428 .428 .428 .428 .285 .142 BIOTECH .417 .417 .386 .415 .34 .364 INSURANC .4 .4 .2 .36 .44 .36 INFRA .393 .393 .333 .333 .333 .303 SEMI .382 .361 .382 .382 .361 .446 ELECTRON .375 .36 .375 .375 .368 .436 INDMATER .375 .375 .361 .444 .361 .361 SOLAR .375 .375 .125 .25 .125 .187 GUNS .357 .357 .357 .428 .428 .5 OILGAS .34 .371 .402 .484 .432 .422 AUTO .339 .301 .264 .245 .264 .264 CHEM .325 .325 .302 .372 .325 .279 JETS .307 .23 .23 .23 .23 .23 LOWPRICE .289 .283 .272 .252 .243 .229 BIGBANKS .285 .285 .285 0 0 0 BONDFUND .275 .367 .505 .643 .643 .563 TRANSP .263 .263 .315 .315 .315 .315 FINANCE .262 .262 .237 .2 .187 .187 CHINA .204 .159 .159 .159 .113 .159 MARIJUAN .2 .2 .2 .2 .2 .2 REIT .169 .161 .13 .169 .161 .184 REGBANKS .048 .073 .048 .024 .024 .048 |
====================================================================================
Tuesday -
4/18/2023 - 6:10 AM Futures: DJI + 43 NASDAQ +92 Data used
4/17/2023
4/17/2023
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The DJI rose nearly 200 points in the last two hours. It heard Republican House Speaker McCarthy's conditions for raising the Federal debt limit. He would seek a Federal spending-freeze at last years levels, stricter work requirements for social programs and a variety of regulatory rollbacks. The market liked what it heard. But will the Senate Democrats or President Biden be willing to make such a deal? Is there anything new in this? The market must think there is and that a political deal can be reached before a Summer default and a market sell-off. The DJI, the NASDAQ, SPY, QQQ and TECL have each risen back to their flat resistance levels. See their charts below. Their Closing Powers continue to rise. From this, we conclude that Professionals remain optimistic. They should be our guide now. Even the weak regional banks rallied up off their lows. I warned readers two week ago that Peerless Sell S12s at this time of the year yield a 2% to 4% loss about half the time before there is a market decline back to the lower band. So, hedging with Bullish MAXCPs and Bearish MINCPs has been advised here, always watching for Closing Power trend-breaks which would justify closing out our positions. One exception to that is when we trade the red automatic Buys and Sells using the 5-day Stochastic because of how successful it has been for the last year. Yesterday, I recommended shorting TRUP and CRNX. TRUP fell today 5.53 to a new low, about 15% in one day. Close that short out. The other short, CRNX rose by a point. Let's give it a chance to fall back. A breakout by the DJI and NASDAQ will likely cause a rush to cover shorts. Watch how GS does today, now that it has risen to its earlier point of breakdown. We advise covering our short sales if their Closing Powers break their downtrends. We will report on the Regional Banks tomorrow in this regard. |
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Charts - 4/17/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Banks Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90417.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-17-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-17-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/17/2023 --- Bullish = 2 TECL(+.282), GLD(+.274) Bearish = 1 RETL (-.543) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 339.92 1.08 336.9 58.6% Bullish BLUE .258 --- -------- --------------------------------------------------------------------------------------------- COMPQX 12157.72 34.25 12031.88 30.4% Bullish BLUE .244 -.002 .242 --------------------------------------------------------------------------------------------- SPY 413.94 1.48 409.72 52.7% Bullish BLUE .236 -.005 .231 --------------------------------------------------------------------------------------------- QQQ 318.84 .27 315.83 15.3% Bullish BLUE .201 .024 .225 --------------------------------------------------------------------------------------------- MDY 457.83 3.45 456.27 63.1% Bearish BLUE .014 -.078 -.064 --------------------------------------------------------------------------------------------- IWM 178.78 2.27 177.14 85.7% Bearish BLUE -.093 -.097 -.19 --------------------------------------------------------------------------------------------- FAS 63.49 2.09 58.5 552.4% Bearish BLUE .098 -.285 -.187 --------------------------------------------------------------------------------------------- RETL 7.01 .09 7.44 -56.8% Bearish ---- -.103 -.44 -.543 --------------------------------------------------------------------------------------------- SOXL 15.58 0 16.21 -255.7% Bearish BLUE .015 -.129 -.114 --------------------------------------------------------------------------------------------- TECL 35.61 .38 34.6 2.9% Bullish BLUE .19 .092 .282 --------------------------------------------------------------------------------------------- IBB 133.57 1.14 130.71 122% Bullish BLUE .13 -.025 .105 --------------------------------------------------------------------------------------------- GLD 185.53 -.83 186.28 11.2% Bullish RED .23 .044 .274 --------------------------------------------------------------------------------------------- DBO 15.39 -.22 15.35 87.4% Bullish RED .18 .053 .233 --------------------------------------------------------------------------------------------- OIH 286.68 -1.4 286.19 81% ------- RED -.058 -.085 -.143 --------------------------------------------------------------------------------------------- CPER 24.94 -.2 24.68 110.6% ------- RED .136 .006 .142 --------------------------------------------------------------------------------------------- TAN 78.36 2.03 75.72 209.2% Bullish BLUE .034 -.039 -.005 --------------------------------------------------------------------------------------------- UUP 27.82 .14 27.8 -14.4% ------- ---- -.1 .016 -.084 --------------------------------------------------------------------------------------------- CORN 25.33 .22 24.91 50.1% Bullish BLUE .043 -.042 .001 --------------------------------------------------------------------------------------------- WEAT 7.06 .11 6.85 79.9% Bearish BLUE -.155 -.083 -.238 --------------------------------------------------------------------------------------------- YINN 46.56 3.4 45.91 115.2% Bearish BLUE .149 -.267 -.118 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/17/23 Bullish = 22 Bearish = 24 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .857 .928 .857 .857 .785 GOLD .847 .891 .913 .869 .891 .847 UTILITY .815 .736 .921 .894 .894 .842 HOMEBLDG .722 .611 .666 .666 .666 .5 HOSPITAL .714 .714 .785 .785 .714 .714 DOWJONES .7 .6 .666 .633 .633 .566 ===== NASD-100 .68 .64 .64 .6 .67 .65 ===== ETFS .672 .654 .709 .636 .6 .454 EDU .666 .666 .666 .666 .666 .5 FOOD .653 .632 .591 .591 .591 .551 HIGHPRIC .653 .614 .662 .58 .619 .567 COMODITY .641 .615 .589 .589 .564 .512 NIFTY .636 .659 .704 .636 .704 .727 GAMING .631 .684 .736 .631 .736 .684 COMPUTER .6 .65 .7 .65 .65 .65 SP-100 .6 .544 .566 .444 .522 .477 INDEXES .589 .556 .605 .529 .572 .513 SOFTWARE .571 .571 .553 .517 .553 .535 FIDSTKS .562 .497 .538 .455 .508 .467 HACKERS .562 .562 .562 .562 .562 .562 DJI-13 .538 .538 .615 .615 .615 .615 SP500 .505 .451 .488 .441 .478 .435 =============================================================================================== COAL .5 .5 .5 .5 .333 .166 GREEN .5 .388 .555 .444 .388 .388 MILITARY .5 .423 .538 .5 .5 .5 =============================================================================================== RUS-1000 .459 .418 .456 .41 .442 .397 COPPER .428 .428 .428 .285 .142 .142 RETAIL .425 .34 .382 .297 .446 .404 BIOTECH .415 .382 .415 .345 .362 .327 INSURANC .4 .2 .36 .44 .36 .28 INFRA .393 .333 .333 .333 .303 .272 INDMATER .375 .361 .444 .361 .361 .319 SOLAR .375 .125 .25 .125 .187 .187 OILGAS .371 .402 .484 .432 .432 .329 BONDFUND .367 .494 .643 .655 .563 .402 SEMI .361 .382 .382 .361 .436 .457 ELECTRON .36 .375 .375 .368 .421 .443 GUNS .357 .357 .428 .428 .5 .428 CHEM .325 .302 .372 .325 .279 .255 AUTO .301 .283 .245 .264 .264 .188 BIGBANKS .285 .285 0 0 0 0 (Big improvement) LOWPRICE .283 .275 .255 .246 .226 .22 TRANSP .263 .315 .315 .315 .315 .21 FINANCE .262 .237 .2 .175 .187 .112 JETS .23 .23 .23 .23 .23 .23 MARIJUAN .2 .2 .2 .2 .2 .2 REIT .161 .123 .176 .169 .176 .161 CHINA .159 .159 .159 .113 .159 .181 REGBANKS .073 .048 .024 .024 .048 .024 |
===================================================================================
Monday
- 4/17/2023 - 6:10 AM Futures: DJI + 26 NASDAQ -11
Data used 4/14/2023
4/14/2023
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We still have no
Buy signal to tell us the DJI will be able to breakout. Most likely, it will need to pull back. Friday's 143 point drop on the DJI took place after the key blue chip index reached its well-tested resistance Thursday at 34000. The decline would have been worse if JP Morgan had not jumped 9+ points on unexpectedly good earnings. As it was, NYSE decliners almost doubled advancers and the DJI-30's biggest leader, UNH, fell 14. UNH now also sports a red automatic (optimized) Sell. See the UNH chart below and note how when it breaks its uptrend, DIA invariably has fallen this past year. JPM's jump up occurred despite (or perhaps because) regional banks are again starting to breakdown.. See the weakest among our bearish MINCPs. I have been recommending these for short sales. See also the chart of the very heavily traded SP-500 Regional Banks' ETF, KRE, below. It is on the very of a breakdown that could start another leg down. The DJI-30 is doing its best to maintain the appearance that all is well in the market. See how its price, P-I, IP21 and Closing Power uptrendlines are still intact. The Closing Powers for SPY, QQQ and TECL are also still rising. So, we cannot yet predict the current rally is over. But more and more, the rally is dependent on the blue chips in DJI. The OBV and Relative Strength Lines for QQQ, TECL and SOXL are no longer rising. In this environement, the risk is high that there will be another regional bank crisis. Shorting more bearish MINCPs is one approach we can take now. Another is to search for new red (optimized) Stochastic Sells that have worked out especially well this past year. CRNX and TRUP, below, are two such stocks. A Personal Story A link to my "Peerless: 1950-2020" study has been posted above. We will occasionally make reference to it in the Hotline. It seeks to explain the market's moves not just technically and with Peerless signals, but by showing the events that were occurring at the same time and how they shaped the rises and falls of the market. Of course, the FED's monetary policies and the government's fiscal policies were very important. Cutting taxes and maintaining low interest rates are the most bullish set of policies possible. In June 1962, I was witness to JFK's hugely important announcement that he wou;d be sharply cutting taxes and expanding military spending. Even the Cuban Missile Crisis that October could not cause a new DJI low. As I think back, I think it was this experience that got me most interested in the stock market and all the forces that shape its biggest moves. At the time, it seemed like it was directly from a page in my Samuelson Econ 101 text. 1960 to 1969-1970 http://tigersoftware.com/z/HISTORY/1960s/deca-60s.htm |
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Charts - 4/14/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90414.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-14-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-14-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/14/2023 --- Bullish = 5 COMPQX(.277), SPY(.273), TECL(+.408), QQQ(+.302), DBO(+.293) Bearish = 2 RETL (-.480), WEAT(-.300) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 338.84 -1.53 335.96 58.5% Bullish RED .295 0 ------ --------------------------------------------------------------------------------------------- COMPQX 12123.47 -42.8 12084.36 14.7% Bullish BLUE .245 .032 .277 --------------------------------------------------------------------------------------------- SPY 412.46 -1.01 409.61 39.9% Bullish RED .263 .01 .273 --------------------------------------------------------------------------------------------- QQQ 318.57 -.6 317.87 8.2% Bullish BLUE .237 .065 .302 --------------------------------------------------------------------------------------------- MDY 454.38 -2.52 452.09 85.6% Bearish RED .056 -.07 -.014 --------------------------------------------------------------------------------------------- IWM 176.51 -1.66 175.75 74.4% Bearish RED -.075 -.086 -.161 --------------------------------------------------------------------------------------------- FAS 61.4 1.85 56.98 415% Bearish BLUE .115 -.3 -.185 -------------------------------------------------------------------------------------------- RETL 6.92 -.01 7.09 135.6% Bearish ---- -.085 -.395 -.48 --------------------------------------------------------------------------------------------- SOXL 15.58 -.09 16.39 -25.2% Bearish RED .046 -.067 -.021 --------------------------------------------------------------------------------------------- TECL 35.23 -.64 35.59 -62.6% Bullish ---- .235 .173 .408 --------------------------------------------------------------------------------------------- IBB 132.43 -1.15 130.36 52.6% Bullish RED .148 -.025 .123 --------------------------------------------------------------------------------------------- GLD 186.36 -3.36 185.11 -3.5% Bullish RED .196 .032 .228 --------------------------------------------------------------------------------------------- DBO 15.61 .07 15.12 136.7% Bullish ---- .229 .064 .293 --------------------------------------------------------------------------------------------- OIH 288.08 -.64 282.04 171.3% ------- RED .023 -.114 -.091 --------------------------------------------------------------------------------------------- CPER 25.14 -.11 24.39 113.1% ------- RED .228 -.006 .222 --------------------------------------------------------------------------------------------- TAN 76.33 -.66 75.19 176.1% Bearish RED .024 -.07 -.046 --------------------------------------------------------------------------------------------- UUP 27.68 .16 27.9 -10.8% ------- BLUE -.107 .022 -.085 --------------------------------------------------------------------------------------------- CORN 25.11 .34 25.08 74.4% Bullish BLUE .047 -.053 -.006 --------------------------------------------------------------------------------------------- WEAT 6.95 .17 6.95 29.1% Bearish BLUE -.206 -.094 -.3 --------------------------------------------------------------------------------------------- YINN 43.16 -1.64 45.54 -330% ------- RED .165 -.356 -.191 |
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Table 1: RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/14/23 Bullish = 20 Bearish = 28 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- GOLD .891 .913 .869 .891 .847 .869 BEVERAGE .857 .928 .857 .857 .785 .857 UTILITY .736 .921 .894 .894 .842 .815 HOSPITAL .714 .785 .785 .714 .714 .571 GAMING .684 .736 .578 .789 .684 .684 EDU .666 .666 .666 .666 .5 .5 NIFTY .659 .704 .636 .704 .727 .681 ETFS .654 .709 .636 .6 .472 .472 COMPUTER .65 .7 .65 .65 .65 .55 NASD-100 .64 .64 .6 .67 .66 .61 FOOD .632 .612 .571 .591 .551 .571 COMODITY .615 .615 .564 .564 .512 .512 HIGHPRIC .614 .662 .58 .619 .567 .541 HOMEBLDG .611 .666 .666 .666 .666 .444 DOWJONES .6 .666 .633 .633 .566 .6 SOFTWARE .571 .571 .517 .553 .535 .517 HACKERS .562 .562 .562 .562 .562 .562 INDEXES .556 .605 .529 .572 .518 .475 SP-100 .544 .566 .444 .522 .477 .466 DJI-13 .538 .615 .615 .615 .615 .615 ================================================================================================ COAL .5 .5 .5 .333 .166 .166 ================================================================================================ FIDSTKS .497 .538 .455 .508 .467 .449 BONDFUND .494 .643 .655 .563 .425 .574 SP500 .451 .488 .443 .474 .441 .402 COPPER .428 .428 .285 .142 .142 .142 MILITARY .423 .538 .5 .5 .5 .461 RUS-1000 .418 .456 .41 .442 .399 .364 OILGAS .402 .484 .432 .432 .329 .268 GREEN .388 .555 .444 .388 .388 .333 BIOTECH .382 .413 .345 .365 .327 .324 SEMI .382 .382 .361 .436 .457 .382 ELECTRON .375 .375 .368 .421 .443 .36 INDMATER .361 .444 .361 .361 .319 .25 GUNS .357 .428 .428 .5 .428 .357 RETAIL .34 .382 .297 .446 .404 .319 INFRA .333 .333 .333 .303 .272 .272 TRANSP .315 .315 .315 .315 .21 .157 CHEM .302 .372 .325 .279 .255 .209 BIGBANKS .285 0 0 0 0 0 AUTO .283 .264 .264 .264 .188 .169 LOWPRICE .275 .257 .249 .226 .22 .209 FINANCE .237 .2 .175 .175 .125 .112 JETS .23 .23 .23 .23 .23 .153 INSURANC .2 .36 .44 .36 .28 .28 MARIJUAN .2 .2 .2 .2 .2 .1 CHINA .159 .159 .113 .159 .181 .204 SOLAR .125 .25 .125 .187 .187 .125 REIT .123 .169 .176 .184 .153 .153 REGBANKS .048 .024 .024 .048 .024 .024 |
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Friday - 4/14/2023 -
Inadvertently very late. Sorry. Next HL will be Monday AM before opening.
The DJI has reached its
resistance-line. The internals for the DJI remain bullish. The most important of these are the A/D Line, the rising P-I, Accumulation Index and Closing Power. The same cannot be said for SOXL, shown below. The broken relative strength (RSQ) lines for the NASDAQ, SPY and QQQ show us that the defensive stocks in the DJI have become the leaders at present. Bullish jobs and inflation news has been the propellant. But tech stocks could be a problem now. Note the head/shoulders pattern in NVDA and some other semi- conductors. |
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Charts - 4/13/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90413.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-13-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-13-2023/BEARISH.htm |
Table 1 - Not available |
Table 2 QUICKSILVER on ETFS - 4/13/2023 --- Bullish = 6 COMPQX(.340), SPY(.353), TECL(+.579), QQQ(+.366), DBO(+.261), CPER(+.26) Bearish = 2 RETL (-.334), WEAT(-.363) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 340.37 3.76 334.9 82.6% Bullish BLUE .363 0 ---- --------------------------------------------------------------------------------------------- COMPQX 12166.27 236.93 12087.96 70.4% Bullish BLUE .288 .052 .34 --------------------------------------------------------------------------------------------- SPY 413.47 5.42 409.19 71.8% Bullish BLUE .334 .019 .353 --------------------------------------------------------------------------------------------- QQQ 319.17 6.13 318.05 51.4% Bullish BLUE .281 .085 .366 --------------------------------------------------------------------------------------------- MDY 456.9 3.24 446.62 107.2% ------- BLUE .113 -.054 .059 --------------------------------------------------------------------------------------------- IWM 178.17 2.33 173.89 129.5% Bearish BLUE .002 -.068 -.066 --------------------------------------------------------------------------------------------- FAS 59.55 1.38 56.59 297.7% Bearish BLUE .175 -.325 -.15 --------------------------------------------------------------------------------------------- RETL 6.93 .08 6.73 107.5% Bearish ---- .01 -.344 -.334 --------------------------------------------------------------------------------------------- SOXL 15.67 .34 15.66 -78.6% ------- BLUE .104 .081 .185 --------------------------------------------------------------------------------------------- TECL 35.87 1.84 35.67 105.7% Bullish BLUE .307 .272 .579 --------------------------------------------------------------------------------------------- IBB 133.58 3.02 131.05 156% Bullish BLUE .211 -.02 .191 --------------------------------------------------------------------------------------------- GLD 189.72 2.53 186.49 50.6% Bullish ---- .182 .059 .241 --------------------------------------------------------------------------------------------- DBO 15.54 -.09 15.19 111.1% Bullish RED .231 .03 .261 --------------------------------------------------------------------------------------------- OIH 288.72 .87 278.33 106.7% ------- BLUE .008 -.124 -.116 --------------------------------------------------------------------------------------------- CPER 25.25 .34 24.58 170.8% Bullish BLUE .274 -.014 .26 --------------------------------------------------------------------------------------------- TAN 76.99 2.35 73.68 221.2% ------- BLUE .044 -.046 -.002 --------------------------------------------------------------------------------------------- UUP 27.52 -.13 27.74 -36% Bearish ---- -.209 .002 -.207 --------------------------------------------------------------------------------------------- CORN 24.77 -.05 24.74 -28.1% ------- ---- -.026 -.067 -.093 --------------------------------------------------------------------------------------------- WEAT 6.78 -.09 6.91 -130.3% Bearish RED -.243 -.12 -.363 --------------------------------------------------------------------------------------------- YINN 44.8 2.93 46.12 41.3% Bullish BLUE .217 -.294 -.077 |
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/13/23 Bullish = 24 Bearish = 24 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .857 .857 .785 .857 .785 UTILITY .921 .894 .894 .842 .815 .736 GOLD .913 .869 .891 .847 .869 .847 HOSPITAL .785 .785 .714 .714 .571 .571 GAMING .736 .578 .736 .736 .684 .684 ETFS .709 .636 .6 .472 .49 .436 NIFTY .704 .636 .704 .727 .704 .704 COMPUTER .7 .65 .65 .65 .55 .55 DOWJONES .666 .633 .633 .566 .6 .6 ----- EDU .666 .666 .666 .5 .5 .5 HOMEBLDG .666 .666 .666 .666 .444 .666 HIGHPRIC .662 .58 .619 .567 .545 .558 BONDFUND .643 .655 .563 .425 .586 .54 NASD-100 .64 .6 .67 .66 .63 .67 ----- COMODITY .615 .589 .538 .512 .512 .512 DJI-13 .615 .615 .615 .615 .615 .615 FOOD .612 .591 .571 .551 .571 .551 INDEXES .605 .529 .572 .518 .486 .475 SOFTWARE .571 .535 .553 .535 .517 .535 SP-100 .566 .444 .522 .477 .466 .488 HACKERS .562 .562 .562 .562 .562 .625 GREEN .555 .444 .388 .388 .333 .277 FIDSTKS .538 .455 .508 .467 .455 .449 MILITARY .538 .5 .5 .5 .461 .461 ================================================================================================ COAL .5 .5 .333 .166 .166 .166 ================================================================================================ SP500 .488 .443 .476 .437 .41 .414 OILGAS .484 .432 .432 .329 .278 .34 RUS-1000 .456 .41 .442 .399 .368 .367 INDMATER .444 .361 .361 .319 .25 .263 COPPER .428 .285 .142 .142 .142 .142 GUNS .428 .428 .5 .428 .357 .357 BIOTECH .413 .342 .365 .329 .327 .297 RETAIL .382 .297 .446 .404 .319 .382 SEMI .382 .361 .436 .457 .404 .436 ELECTRON .375 .368 .421 .443 .375 .406 CHEM .372 .325 .279 .255 .209 .232 INSURANC .36 .44 .36 .28 .28 .28 INFRA .333 .333 .303 .272 .272 .272 TRANSP .315 .315 .315 .21 .157 .21 AUTO .264 .283 .264 .188 .169 .207 LOWPRICE .257 .252 .229 .22 .209 .203 SOLAR .25 .125 .187 .187 .125 .125 JETS .23 .23 .23 .23 .153 .153 FINANCE .2 .175 .175 .112 .112 .112 MARIJUAN .2 .2 .2 .2 .1 .1 REIT .169 .169 .192 .161 .146 .13 CHINA .159 .113 .159 .181 .204 .136 REGBANKS .024 .024 .048 .024 .024 .024 BIGBANKS 0 0 0 0 0 0 |
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Thursday 4/13/2023: 6:15 AM Futures: DJI +9
NASDAQ +25 Data Used 4/12/2023
4 /12/2023
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The DJI is
challenging its overhead resistance-line a little above 34000. With the DIA's Closing Power and the NYSE A/D Line's rising, our best indicators tell us to give more chance for a breakout. The first chart below shows that trading the DJI on trend-breaks of the P-I (the 21-day ma of the Adv-Dec) would have gained 33% over the last year. The success here undoubtedly has a lot to do with the FED's supporting and then pumping the market up until it rallies to a level they feel they can back away and let it settle back. The DJI is used for this purpose because of how much easier it is to manipulate it with Professionals' help using UNH especially because of how much extra weight it has because of its very high price. See UNH below. The rally now is dependent upon defensive stocks in the DJI, I would argue, like UNH, MRK, PG and MCD. They are still rallying. But the tech stocks are showing more and more weakness. The Relative Strength and OBV Lines for the NASDAQ, QQQ and TECL have now broken their uptrends. Their Closing Power uptrends are now in danger. It is not clear how much risk there is here. On the one hand, their Accumulation Indexes are rising still, on the other hand SOXL and even SPY now show automatic Sells. In addition, NVDA - the leader of the whole bunch of them - has formed a potential head and shoulders pattern. Having run up a long ways, its H/S pattern is riskier. The big drop in Cirrus Logic (shown below) demonstrates how much a semi-conductor can drop from a position that looked quite bullish a week ago. So, sell SOXL. And be careful of tech stocks that form top patterns. Get out of them if their Closing Powers are broken. The seasonality for the DJI is still bullish for another week. The DJI rises 80% of the time in the week following April 12th in the third years of Presidential Elections. But after that, the seasonality deteriorates quickly. So, that two weeks from now, the odds of the DJI being higher are only 46.7% in these 3rd years of the 4-yr cycle.. Trouble is brewing again for the weakest regional stocks. See them in the Bearish MINCPs. Short more of them and do not buy FAS. Just Out and Bullish PRODUCER PRICE INDEXES - MARCH 2023 The Producer Price Index for final demand declined 0.5 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices were unchanged in February and increased 0.4 percent in January. (See table A.) On an unadjusted basis, the index for final demand advanced 2.7 percent for the 12 months ended in March.
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Charts - 4/12/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90412.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-12-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-12-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/11/2023 --- Bullish = 4 COMPQX(.322), SPY(.34), TECL(+.562), QQQ(+.365) Bearish = 2 UUP, WEAT ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================== DIA 336.61 -.29 334.82 39.8% Bullish RED .344 ----- ------- --------------------------------------------------------------------------------------------- COMPQX 11929.34 -102.54 11996.86 -81.6% Bullish RED .274 .048 .322 --------------------------------------------------------------------------------------------- SPY 408.05 -1.67 407.6 -7.6% Bullish RED .32 .02 .34 --------------------------------------------------------------------------------------------- QQQ 313.04 -2.79 315.92 -95% Bullish RED .285 .08 .365 --------------------------------------------------------------------------------------------- MDY 453.66 -2.61 447.23 34.7% ------- RED .09 -.038 .052 --------------------------------------------------------------------------------------------- IWM 175.84 -1.3 173.63 14% Bearish RED -.028 -.058 -.086 --------------------------------------------------------------------------------------------- FAS 58.17 -.33 56.14 168.7% Bearish RED .14 -.315 -.175 --------------------------------------------------------------------------------------------- RETL 6.85 -.59 6.78 -283.4% Bearish RED -.028 -.298 -.326 --------------------------------------------------------------------------------------------- SOXL 15.33 -.88 15.92 -450.8% Bullish RED .11 .112 .222 --------------------------------------------------------------------------------------------- TECL 34.03 -.57 35.13 -334% Bullish RED .305 .257 .562 --------------------------------------------------------------------------------------------- IBB 130.56 -.15 129.51 65.3% Bullish RED .185 -.03 .155 --------------------------------------------------------------------------------------------- GLD 187.19 .91 187.83 -21.2% Bullish RED .179 .048 .227 --------------------------------------------------------------------------------------------- DBO 15.63 .28 15.2 144.6% Bullish BLUE .235 .053 .288 --------------------------------------------------------------------------------------------- OIH 287.85 1.66 282.67 66.2% ------- RED .002 -.108 -.106 --------------------------------------------------------------------------------------------- CPER 24.91 .23 24.41 126.7% Bullish BLUE .253 -.017 .236 --------------------------------------------------------------------------------------------- TAN 74.64 -1.08 73.69 -79.5% ------- RED -.001 -.044 -.045 --------------------------------------------------------------------------------------------- UUP 27.65 -.15 27.72 1.8% Bearish ---- -.29 .004 -.286 --------------------------------------------------------------------------------------------- CORN 24.82 -.09 24.91 -24.1% Bullish RED .019 -.065 -.046 --------------------------------------------------------------------------------------------- WEAT 6.87 .02 6.96 -129.6% Bearish ---- -.185 -.096 -.281 --------------------------------------------------------------------------------------------- YINN 41.87 -4.04 44.43 -473.3% Bullish RED .255 -.351 -.096 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/12/23 Bullish = 20 Bearish = 25 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- UTILITY .894 .894 .842 .815 .736 .5 GOLD .869 .891 .847 .869 .869 .891 BEVERAGE .857 .857 .785 .857 .785 .785 HOSPITAL .785 .714 .714 .571 .571 .571 EDU .666 .666 .5 .5 .5 .5 HOMEBLDG .666 .666 .666 .444 .666 .666 BONDFUND .655 .563 .425 .586 .563 .425 COMPUTER .65 .65 .65 .55 .55 .65 ETFS .636 .6 .472 .49 .454 .472 NIFTY .636 .704 .727 .704 .704 .772 DOWJONES .633 .633 .566 .6 .6 .6 DJI-13 .615 .615 .615 .615 .615 .538 NASD-100 .6 .67 .66 .63 .67 .66 FOOD .591 .591 .53 .571 .551 .551 COMODITY .589 .564 .487 .512 .512 .487 HIGHPRIC .58 .619 .567 .545 .558 .571 GAMING .578 .736 .684 .736 .684 .684 HACKERS .562 .562 .562 .562 .625 .625 SOFTWARE .535 .571 .535 .517 .535 .553 INDEXES .529 .572 .518 .486 .481 .443 ============================================================================================== COAL .5 .333 .166 .166 .166 .166 MILITARY .5 .5 .5 .461 .461 .576 ============================================================================================== FIDSTKS .455 .508 .467 .455 .449 .426 GREEN .444 .388 .388 .333 .277 .333 SP-100 .444 .522 .477 .466 .477 .455 SP500 .443 .476 .439 .406 .416 .408 INSURANC .44 .36 .28 .28 .28 .24 OILGAS .432 .432 .329 .278 .34 .288 GUNS .428 .5 .428 .357 .357 .357 RUS-1000 .41 .442 .399 .368 .37 .381 ELECTRON .368 .421 .443 .375 .398 .443 INDMATER .361 .361 .319 .25 .263 .291 SEMI .361 .436 .457 .404 .425 .468 BIOTECH .342 .362 .332 .327 .302 .314 INFRA .333 .303 .272 .272 .272 .272 CHEM .325 .279 .255 .209 .232 .232 TRANSP .315 .315 .21 .157 .21 .157 RETAIL .297 .446 .404 .319 .382 .425 COPPER .285 .142 .142 .142 .142 .285 AUTO .283 .283 .188 .169 .207 .301 LOWPRICE .252 .232 .223 .209 .206 .229 JETS .23 .23 .23 .153 .153 .23 MARIJUAN .2 .2 .2 .1 .1 .2 FINANCE .175 .175 .112 .1 .112 .137 REIT .169 .184 .169 .153 .13 .161 SOLAR .125 .187 .187 .125 .125 .125 CHINA .113 .159 .181 .204 .136 .272 REGBANKS .024 .048 .024 .024 .024 .024 BIGBANKS 0 0 0 0 0 0 |
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Wednesday 4/12/2023:
5:58 AM Futures: DJI +202 NASDAQ +110
Data Used 4/11/2023
4/11/2023
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Just released by Labor Dept. are the CPI numbers. The 12-month change figure was expected to show 5.2% growth. The actual number was 5%. This shows a big improvement on the 7% numbers of six months ago. It may take take some of the pressure on the FED to raise rates to 6% and allow them to pause, perhaps after one more rate hike. But it does not bring inflation down to the goal of 2% oe 3% proclaimed by Powell. The Consumer Price Index for All Urban Consumers (CPI-U) increased 5.0 percent over the last 12 months to an index level of 301.836 (1982-84=100). For the month, the index increased 0.3 percent prior to seasonal adjustment. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 4.5 percent over the last 12 months to an index level of 296.021 (1982-84=100). For the month, the index increased 0.3 percent prior to seasonal adjustment. "Don't fight
the Fed." That's a very good idea, but can the FED's words be trusted? |
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Charts - 4/11/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90411.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-11-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-11-2023/BEARISH.htm |
Table 1 - Daily Breadth Statistics
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Table 2 QUICKSILVER on ETFS - 4/11/2023 --- Bullish = 6 COMPQX(.37), SPY(.356), TECL(+.537), QQQ(+.406), GLD (.273), SOXL(.255) Bearish = 1 UUP (-.296) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 336.9 .94 333.94 14.8% Bullish BLUE .324 ------ ----- (high) --------------------------------------------------------------------------------------------- COMPQX 12031.88 -52.48 12126.33 -65.1% Bullish RED .327 .043 .37 --------------------------------------------------------------------------------------------- SPY 409.72 .11 408.67 -15% Bullish RED .338 .018 .356 --------------------------------------------------------------------------------------------- QQQ 315.83 -2.04 319.07 -67.9% Bullish RED .332 .074 .406 --------------------------------------------------------------------------------------------- MDY 456.27 4.18 450.53 -19.5% Bullish BLUE .093 -.037 .056 --------------------------------------------------------------------------------------------- IWM 177.14 1.39 175.35 -38.2% ------- BLUE -.014 -.058 -.072 --------------------------------------------------------------------------------------------- FAS 58.5 1.52 56.25 41.4% ------- BLUE .082 -.314 -.232 --------------------------------------------------------------------------------------------- RETL 7.44 .35 7.25 -70.6% ------- BLUE .03 -.246 -.216 --------------------------------------------------------------------------------------------- SOXL 16.21 -.18 16.79 -484.4% Bullish RED .165 .09 .255 --------------------------------------------------------------------------------------------- TECL 34.6 -.99 36.4 -332.4% Bullish RED .324 .213 .537 --------------------------------------------------------------------------------------------- IBB 130.71 .35 128.86 36.2% Bullish BLUE .23 -.04 .19 --------------------------------------------------------------------------------------------- GLD 186.28 1.17 187.98 46.7% Bullish BLUE .226 .047 .273 --------------------------------------------------------------------------------------------- DBO 15.35 .23 15.19 49.4% Bullish BLUE .202 .023 .225 --------------------------------------------------------------------------------------------- OIH 286.19 4.15 284.11 -128.6% ------- BLUE -.047 -.114 -.161 --------------------------------------------------------------------------------------------- CPER 24.68 .29 24.29 -18.4% Bullish BLUE .248 -.029 .219 --------------------------------------------------------------------------------------------- TAN 75.72 .53 75.83 -42.7% ------- BLUE .051 -.047 .004 --------------------------------------------------------------------------------------------- UUP 27.8 -.1 27.64 9% Bearish ---- -.316 .02 -.296 --------------------------------------------------------------------------------------------- CORN 24.91 -.17 24.94 -72% Bullish RED .016 -.053 -.037 --------------------------------------------------------------------------------------------- WEAT 6.85 -.1 7.05 -200% Bearish RED -.147 -.09 -.237 --------------------------------------------------------------------------------------------- YINN 45.91 .37 46.19 -103.6% Bullish RED .282 -.36 -.078 |
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/11/23 BULLISH = 23 Bearish = 24 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- UTILITY .894 .842 .815 .736 .5 .473 GOLD .891 .847 .869 .869 .891 .869 ----- BEVERAGE .857 .785 .857 .785 .785 .928 GAMING .736 .684 .684 .736 .684 .684 HOSPITAL .714 .714 .571 .571 .571 .571 NIFTY .704 .727 .704 .704 .772 .818 NASD-100 .67 .66 .63 .67 .67 .74 ----- EDU .666 .5 .5 .5 .5 .5 HOMEBLDG .666 .666 .444 .666 .666 .722 COMPUTER .65 .65 .55 .55 .65 .65 DOWJONES .633 .566 .6 .6 .6 .466 ----- HIGHPRIC .619 .567 .545 .558 .571 .632 DJI-13 .615 .615 .615 .615 .538 .461 ETFS .6 .472 .49 .454 .49 .49 FOOD .591 .551 .551 .551 .551 .551 INDEXES .572 .518 .486 .481 .454 .54 SOFTWARE .571 .553 .517 .535 .553 .589 COMODITY .564 .512 .487 .512 .487 .512 BONDFUND .563 .425 .586 .563 .436 .425 HACKERS .562 .562 .562 .625 .687 .687 SP-100 .522 .477 .466 .477 .466 .488 FIDSTKS .508 .467 .455 .449 .431 .479 --------------------------------------------------------------------------------------------- GUNS .5 .428 .357 .357 .357 .5 MILITARY .5 .5 .461 .461 .576 .692 ============================================================================================= SP500 .476 .439 .408 .412 .412 .47 ----- RETAIL .446 .404 .319 .382 .425 .489 RUS-1000 .442 .399 .368 .37 .382 .448 ----- SEMI .436 .457 .404 .425 .457 .659 OILGAS .432 .329 .278 .34 .288 .443 ELECTRON .421 .443 .375 .398 .436 .609 GREEN .388 .388 .333 .277 .333 .555 BIOTECH .362 .329 .329 .302 .322 .342 INDMATER .361 .319 .25 .263 .291 .347 INSURANC .36 .28 .28 .28 .24 .32 COAL .333 .166 .166 .166 .166 .5 TRANSP .315 .21 .157 .21 .157 .263 INFRA .303 .272 .272 .272 .272 .363 AUTO .283 .207 .169 .207 .301 .32 CHEM .279 .255 .209 .232 .232 .302 LOWPRICE .232 .226 .212 .206 .229 .234 JETS .23 .23 .153 .153 .23 .23 MARIJUAN .2 .2 .1 .1 .2 .2 SOLAR .187 .187 .125 .125 .125 .187 REIT .184 .161 .161 .138 .153 .161 FINANCE .175 .112 .1 .1 .137 .137 CHINA .159 .181 .204 .136 .272 .181 COPPER .142 .142 .142 .142 .285 .428 REGBANKS .048 .024 .024 .024 .024 .024 BIGBANKS 0 0 0 0 0 0 |
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Tuesday 4/11/2023: 6:15 AM Futures: DJI +15 NASDAQ -29 Data Used 4/10/2023
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The Peerless S10
sill tells us that the overhead resistance from 33600-33400 will probably stop the DJI's advance. But Professionals remain bullish. They must expect the coming CPI report will show sufficient moderation in Inflation to encourage the FED not to raise rates in April. We judge this from the rising Closing Powers in DIA, SPY, QQQ, NASDAQ and TECL. The latest JOBS report gives more hope for a "smooth landing", thus reducing the risk in owning growth tech stocks. The Sell S10 we just saw is ususual in that the IP21 values for DIA have been rising steeply and are clearly positive now. This reinforces our sense that we need to see the Closing Powers turn down and break their steep uptrends before believing a DJI decline is imminent. In this environment, I have suggested being short the weakest banks. They are at the bottom of our relative strength rankings and show the highest percentage of stocks below their 65-dma. At the same time, we have a number of tech stocks among the MAXCPs that should be held. The fight between the Professionals and those who are taking profits on strength continues. While a bull market is most unlikely until rates are falling, the high IP21 and high "bullish" scores in Table 2 below for QQQ and TECL tell us that certain techs remain are still quite strong. In this connection, watch TSLA which is sitting on its rising 65-dma now and SOXL whose stocks as a group just gave a red Buy signal. |
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Charts - 4/10/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD904010.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-10-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-10-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/10/2023 --- Bullish = 5 COMPQX(.367), SPY(.294), TECL(+.510), QQQ(+.382), GLD (.307) Bearish = 2 FAS (-.276), RETL (-.259) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 335.96 1.06 335.91 49.9% Bullish BLUE .253 0 . --- high --------------------------------------------------------------------------------------------- COMPQX 12084.36 -3.6 12189.45 -56.7% Bullish BLUE .307 .06 .367 --------------------------------------------------------------------------------------------- SPY 409.61 .42 410.95 2.7% Bullish BLUE .272 .022 .294 --------------------------------------------------------------------------------------------- QQQ 317.87 -.18 320.15 -48% Bullish BLUE .288 .094 .382 --------------------------------------------------------------------------------------------- MDY 452.09 5.47 458.03 -69.9% ------- BLUE .015 -.04 -.025 --------------------------------------------------------------------------------------------- IWM 175.75 1.86 178.48 -75.3% ------- BLUE -.045 -.058 -.103 --------------------------------------------------------------------------------------------- FAS 56.98 .39 58.03 -60.6% ------- BLUE .053 -.329 -.276 --------------------------------------------------------------------------------------------- RETL 7.09 .36 7.54 -203.2% ------- BLUE -.015 -.244 -.259 --------------------------------------------------------------------------------------------- SOXL 16.39 .73 17.81 -565.2% Bullish BLUE .131 .085 .216 --------------------------------------------------------------------------------------------- TECL 35.59 -.08 36.99 -219.2% Bullish BLUE .246 .264 .51 --------------------------------------------------------------------------------------------- IBB 130.36 -.69 129.77 46.3% Bullish RED .202 -.04 .162 --------------------------------------------------------------------------------------------- GLD 185.11 -1.38 184.54 50.8% Bullish RED .266 .041 .307 --------------------------------------------------------------------------------------------- DBO 15.12 -.07 15.2 182.5% Bullish RED .206 -.009 .197 --------------------------------------------------------------------------------------------- OIH 282.04 3.71 293.5 86.7% Bearish BLUE -.099 -.134 -.233 --------------------------------------------------------------------------------------------- CPER 24.39 -.19 24.77 -111.8% Bullish BLUE .182 -.05 .132 --------------------------------------------------------------------------------------------- TAN 75.19 1.51 76.36 -161.7% ------- BLUE -.001 -.044 -.045 --------------------------------------------------------------------------------------------- UUP 27.9 .16 27.75 3.6% Bearish ---- -.214 .027 -.187 --------------------------------------------------------------------------------------------- CORN 25.08 .34 25.27 -30% Bullish BLUE .082 -.046 .036 --------------------------------------------------------------------------------------------- WEAT 6.95 .04 7.13 -78.3% ------- ---- -.054 -.077 -.131 --------------------------------------------------------------------------------------------- YINN 45.54 -.58 46.86 -213.1% Bullish BLUE .279 -.366 -.087 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/10/23 Bullish = 17 Bearish = 30 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- GOLD .847 .869 .869 .891 .891 .847 UTILITY .842 .815 .736 .5 .473 .473 BEVERAGE .785 .857 .785 .785 .928 .785 NIFTY .727 .704 .704 .772 .84 .84 HOSPITAL .714 .571 .571 .571 .571 .571 GAMING .684 .684 .684 .736 .684 .736 HOMEBLDG .666 .444 .666 .666 .722 .666 NASD-100 .66 .63 .67 .67 .75 .77 COMPUTER .65 .55 .55 .65 .65 .6 DJI-13 .615 .615 .615 .538 .461 .307 HIGHPRIC .567 .545 .558 .571 .627 .614 DOWJONES .566 .6 .6 .6 .466 .366 HACKERS .562 .562 .625 .687 .687 .812 SOFTWARE .553 .535 .535 .553 .589 .589 FOOD .551 .571 .53 .551 .551 .408 INDEXES .518 .486 .481 .454 .54 .481 COMODITY .512 .512 .487 .487 .538 .41 ----------------------------------------------------------------------------------------------- EDU .5 .5 .5 .5 .5 .5 MILITARY .5 .461 .461 .576 .73 .576 ----------------------------------------------------------------------------------------------- SP-100 .477 .466 .477 .466 .488 .444 ETFS .472 .49 .454 .49 .509 .49 FIDSTKS .467 .455 .449 .431 .473 .431 SEMI .457 .404 .425 .457 .67 .702 ELECTRON .443 .375 .398 .436 .616 .639 SP500 .439 .408 .414 .408 .472 .451 GUNS .428 .357 .357 .357 .5 .428 BONDFUND .425 .586 .563 .436 .448 .505 RETAIL .404 .319 .382 .425 .51 .425 RUS-1000 .399 .368 .37 .383 .451 .436 GREEN .388 .333 .277 .333 .555 .5 BIOTECH .329 .327 .304 .322 .34 .34 OILGAS .329 .278 .34 .288 .432 .226 INDMATER .319 .25 .263 .291 .361 .333 INSURANC .28 .28 .28 .24 .32 .16 INFRA .272 .272 .272 .272 .363 .333 CHEM .255 .209 .232 .232 .302 .255 JETS .23 .153 .153 .23 .23 .307 LOWPRICE .226 .214 .209 .229 .24 .232 TRANSP .21 .157 .21 .157 .263 .368 AUTO .207 .188 .207 .301 .32 .377 MARIJUAN .2 .1 .1 .2 .2 .1 SOLAR .187 .125 .125 .125 .25 .312 CHINA .181 .204 .136 .272 .204 .227 COAL .166 .166 .166 .166 .5 .166 REIT .161 .153 .146 .161 .153 .176 COPPER .142 .142 .142 .285 .428 .428 FINANCE .112 .1 .1 .125 .137 .137 REGBANKS .024 .024 .024 .024 .024 .048 BIGBANKS 0 0 0 0 0 0 |
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Monday 4/10/2023: 5:20 AM Futures: DJI -30 NASDAQ -82 Data Used 4/6/2023
4/6/2023
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Friday's Job Report gave bulls lots to cheer about. March Jobs increased by more than 300,000. So, a "soft landing" is still a good bet. Wages rose by only 3%, well below the last reported monthly CPI number of 6%. That should help big corporation keep profits high if they are in a position to use Inflation as an excuse to keep prices high. (KO, MCD and PG can do this and their stocks refuse to sell off.) https://thehill.com/business/3939442-five-takeaways-from-a-strong-march-jobs-report/ Barron's this weekend wants one more 1/4% rate hike in May. But will that bring the CPI numbers down to 2% or 3%? If that really is what it will take to satisfy the FED's inflation ":hawks", we will likely see 6% interest rates first. Can the stock market happily absorb such rates? Won't that draw a lot of money out of stocks whose dividends are much less? And won't that put banks' long-term bonds and mortgages another trillion dollars under water. Powell could make a lot clearer how much more he thinks he needs to raise rates to achieve his 3% CPI number. Is he willing to 20% drop in the market? Can he really fine-tune this? There is a lot of risk that he cannot control. And what about the wilder members of the Republican controlled House of Representatives? This is their best chance to get Dems to cut social programs. Won't they fight hard to get these cuts? At least, until the market starts to swoon, as it did in 2011, when the DJI dropped 17% from its highs before a political deal was reached between a Democrat President and the Republican-controlled House. Such a decline now would take the DJI back to the good support of 30000. Mid-week, the CPI number for inflation in March will be released. If it does not fall from 6% to 5%, a lot of traders may start to see the FED needing to raise the Fed Funds' rates and short-term interest rates to 6%. That would require short-term rates to rise another 1.29%. Rising rates have seldom been a benign force for stocks. Bull markets are much more likely to begin only when short-term rates are starting to fall, as part of a FED plan to re-inflate. (Then excellent rallies can start:: examples: late 1920, early 1967 and August 1982) For now, our Peerless Sell S12 probably does reflect big investors' bearish concerns. That is what a negative IP21 at the upper band was designed to do. A failure to increase the debt-limit in 2011 also caused a Sell S9-V, where the V-I was negative as the DJI reached the upper band. S9-Vs are not allowed by Peerless in April, but the negative V-I now is clearly another warning. Technically, NY Professionals have not yet "clinched" the Sell S12 by causing our Closing Powers to all turn down. The Closing Powers for DIA, NASDAQ, SPY, QQQ and TECL have not decisively broken their uptrends by enough to cause their Closing Power moving averages to turn down. Word has apparently not leaked out about the next CPI number or what the FED plans to do next. But the weakest ETFs, FAS, IWM and even MDY have already lost favor in this environment of likely higher interest rates. See their falling Closing Power below. The composite internal strength indicators (a new Tiger dispplay) for SPY have not yet clinched the Sell S12 by breaking their uptrends. Presumably, traders see the 10-year bond rate hovering at support and that gives them enough confidence to hold these a little longer. But most often, pre-Easter gains are given up in the week following. And if the March CPI numbers do not quicken their decline later this week, I would think that there is much more downside than upside potential for the market. See in the DJI chart below how much time the DJI spent just uder 34000 two months ago. That is likely to be pretty firm resistance. The best way to trade in this environment is to short bank stocks and be long only a handful of the most bullish-looking MAXCPs. Hold FAZ. We will short IWM if the CPI numbers remain very high and its Closing Power fails to recover much.. |
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Charts - 4/6/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90406.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-6-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-6-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/6/2023 --- Bullish = 4 TECL(+.490), QQQ(+.323), GLD (.290), COMPQX(.300) Bearish = 3 FAS (-.315), RETL (-.347), OIH(-.279) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 334.9 .08 332.62 96.4% Bullish BLUE .171 0 .171 --------------------------------------------------------------------------------------------- COMPQX 12087.96 91.1 12221.91 30.8% Bullish BLUE .224 .076 .3 --------------------------------------------------------------------------------------------- SPY 409.19 1.59 409.39 67.3% Bullish BLUE .197 .029 .226 --------------------------------------------------------------------------------------------- QQQ 318.05 2.13 320.93 37.2% Bullish BLUE .21 .113 .323 --------------------------------------------------------------------------------------------- MDY 446.62 -.61 458.41 -41.9% ------- RED -.062 -.046 -.108 --------------------------------------------------------------------------------------------- IWM 173.89 .26 178.4 -36.6% ------- BLUE -.101 -.065 -.166 --------------------------------------------------------------------------------------------- FAS 56.59 .45 57.67 64.3% ------- BLUE .012 -.327 -.315 --------------------------------------------------------------------------------------------- RETL 6.73 -.05 7.38 -83.8% ------- BLUE -.081 -.266 -.347 --------------------------------------------------------------------------------------------- SOXL 15.66 -.26 18.3 -659.8% ------- BLUE .058 .085 .143 --------------------------------------------------------------------------------------------- TECL 35.67 .54 37.18 1.4% Bullish BLUE .166 .324 .49 --------------------------------------------------------------------------------------------- IBB 131.05 1.54 129.16 148.2% Bullish BLUE .138 -.035 .103 --------------------------------------------------------------------------------------------- GLD 186.49 -1.34 183.22 62.2% Bullish RED .253 .037 .29 --------------------------------------------------------------------------------------------- DBO 15.19 -.01 14.57 278.4% Bullish ---- .204 -.004 .2 --------------------------------------------------------------------------------------------- OIH 278.33 -4.34 277.13 71.4% Bearish RED -.143 -.136 -.279 --------------------------------------------------------------------------------------------- CPER 24.58 .17 24.94 -109.3% Bullish BLUE .174 -.043 .131 --------------------------------------------------------------------------------------------- TAN 73.68 -.01 77.63 -136.4% ------- BLUE -.06 -.063 -.123 --------------------------------------------------------------------------------------------- UUP 27.74 .02 27.88 -7.2% Bearish ---- -.18 .021 -.159 --------------------------------------------------------------------------------------------- CORN 24.74 -.17 25.23 -83.7% ------- RED -.047 -.056 -.103 --------------------------------------------------------------------------------------------- WEAT 6.91 -.05 7.06 -99.3% Bearish RED -.14 -.067 -.207 --------------------------------------------------------------------------------------------- YINN 46.12 1.69 47.51 -347.7% Bullish BLUE .162 -.337 -.175 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/6/23 Bullish = 16 Gold is strongest Bearish = 32 Big Banks are weakest --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- GOLD .869 .869 .891 .891 .847 .847 BEVERAGE .857 .785 .785 .928 .785 .785 UTILITY .815 .736 .5 .473 .473 .421 NIFTY .704 .704 .772 .84 .84 .772 GAMING .684 .684 .684 .736 .736 .684 NASD-100 .63 .67 .67 .75 .77 .66 DJI-13 .615 .615 .538 .461 .307 .307 DOWJONES .6 .6 .6 .466 .4 .366 ====== BONDFUND .586 .563 .436 .448 .528 .252 FOOD .571 .551 .53 .551 .408 .428 HOSPITAL .571 .571 .571 .571 .571 .5 HACKERS .562 .625 .687 .687 .812 .625 COMPUTER .55 .55 .65 .65 .6 .55 HIGHPRIC .545 .558 .571 .627 .619 .536 SOFTWARE .535 .553 .553 .589 .589 .535 COMODITY .512 .512 .461 .538 .41 .435 ================================================================================================ EDU .5 .5 .5 .5 .5 .333 ================================================================================================ ETFS .49 .454 .49 .509 .509 .509 INDEXES .486 .481 .454 .54 .491 .372 SP-100 .466 .477 .466 .488 .455 .344 MILITARY .461 .461 .576 .73 .576 .538 FIDSTKS .455 .449 .431 .473 .443 .349 HOMEBLDG .444 .666 .666 .722 .666 .666 ----- SP500 .408 .414 .41 .468 .459 .377 ----- SEMI .404 .425 .457 .67 .702 .648 ----- ELECTRON .375 .398 .436 .616 .631 .586 RUS-1000 .368 .37 .383 .451 .444 .358 ----- GUNS .357 .357 .357 .5 .428 .357 GREEN .333 .277 .333 .555 .5 .388 BIOTECH .327 .302 .324 .34 .34 .304 RETAIL .319 .382 .425 .51 .425 .361 INSURANC .28 .28 .24 .32 .2 .16 OILGAS .278 .34 .288 .432 .237 .175 INFRA .272 .272 .272 .363 .333 .303 INDMATER .25 .263 .291 .361 .347 .319 LOWPRICE .214 .212 .232 .24 .232 .212 CHEM .209 .232 .232 .302 .279 .232 CHINA .204 .136 .272 .204 .227 .181 AUTO .188 .226 .301 .32 .396 .283 COAL .166 .166 .166 .5 .166 0 TRANSP .157 .21 .157 .263 .368 .157 JETS .153 .153 .23 .23 .307 .307 REIT .153 .138 .169 .161 .176 .146 COPPER .142 .142 .285 .428 .428 .428 SOLAR .125 .125 .125 .25 .375 .25 FINANCE .1 .1 .125 .125 .137 .087 MARIJUAN .1 .1 .2 .2 .1 .1 REGBANKS .024 .024 .024 .024 .048 .024 BIGBANKS 0 0 0 0 0 0 |
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Thursday
4/6/2023: 5:35 AM Futures: DJI +14 NASDAQ -41 Data Used 4/5/2023
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Our April Sell S12
is somehat tricky in that there can be a 3%-4% paper loss in these before they work out. I showed last night that in 5 of the 13 past March and April S12s there were such paper losses. What could cause this would be an open statement from the FED announcing a rate increase pause. Presumably, they would take this new stance to help prevent more more regional bank failures. Otherwise, that there may be more financial panic ahead is shown by the continued weakness of the Regional Banks. See the Tiger Index of these below and the many representatives in this group among our bearish MINCPs. I would think the Regional Banks will be the hardest hit group if the Sell S12 proves to be correct.. But a rate-hike pause is a possibility, too. Announced or not, it would explain why Utilities and Bonds rose strongly today and why the 10-year rates are at the support of their 3-month lows. That the FED has let insiders believe that the FED will not be boosting rates is having the effect already of boosting the price of Gold and Silver as inflation-plays and is already hurting the Dollar. Many traders are waiting to see Friday's Jobs numbers. Another set of positive numbers here should be bullish as long as the FED is unwilling to continue to aggressively raise rates for fear of causing more regional bankfailures. But a Jobs Report that is too robust and raises fears of more inflation will have the opposite effect and make traders more fearful the the Inflation-hawks in the FOMC will prevail. The Regional Banks, as a whole, look like they are teetering on their last supports before starting another leg down. Accordingly, watch them. We are long FAZ, which should rally if the Regional Banks continue to weaken. Breadth was poor today. The DJI's strength for the last two days looks artificial in that UNH's 50-point rally has served to lift the DJI 300 points, all by itself. Meanwhile, IWM, MDY and small caps are already in clear retreats. See below how the tech leaders NVDA and TSLA have started to break below significiant internal strength uptrend-lines. I think because of this and out of respect for our Sell S12, we should take profits in QQQ and TECL. |
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Charts - 4/5/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90405.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-5-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-5-2023/BEARISH.htm |
Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/5/2023 --- Bullish = 4 TECL(+.465), QQQ(+.308), GLD (.286), COMPQX(.277) Bearish = 2 FAS (-.317), RETL (-.311) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 334.82 .88 328.48 116.7% Bullish BLUE .165 0 ---- --------------------------------------------------------------------------------------------- COMPQX 11996.86 -129.47 12013.47 29.2% Bullish RED .212 .065 .277 --------------------------------------------------------------------------------------------- SPY 407.6 -1.07 403.7 76.8% Bullish RED .188 .025 .213 --------------------------------------------------------------------------------------------- QQQ 315.92 -3.15 315.68 50.4% Bullish RED .206 .102 .308 --------------------------------------------------------------------------------------------- MDY 447.23 -3.3 450.42 -20.7% Bearish RED -.063 -.043 -.106 --------------------------------------------------------------------------------------------- IWM 173.63 -1.72 175.18 -50.7% Bearish RED -.107 -.064 -.171 --------------------------------------------------------------------------------------------- FAS 56.14 -.11 55.86 -12.3% Bearish BLUE .002 -.319 -.317 --------------------------------------------------------------------------------------------- RETL 6.78 -.47 6.85 63% Bearish RED -.07 -.241 -.311 --------------------------------------------------------------------------------------------- SOXL 15.92 -.87 17.95 -329.8% Bullish RED .082 .109 .191 --------------------------------------------------------------------------------------------- TECL 35.13 -1.27 35.66 87.1% Bullish RED .172 .293 .465 --------------------------------------------------------------------------------------------- IBB 129.51 .65 127.23 65.3% ------- BLUE .104 -.046 .058 --------------------------------------------------------------------------------------------- GLD 187.83 -.15 184.18 143.6% Bullish RED .237 .049 .286 --------------------------------------------------------------------------------------------- DBO 15.2 .01 14.36 353.8% Bullish ---- .194 -.004 .19 --------------------------------------------------------------------------------------------- OIH 282.67 -1.44 274.3 94% Bearish RED -.135 -.101 -.236 --------------------------------------------------------------------------------------------- CPER 24.41 .12 25.12 -102.8% ------- BLUE .148 -.049 .099 --------------------------------------------------------------------------------------------- TAN 73.69 -2.14 75.75 -33.6% Bearish RED -.05 -.08 -.13 --------------------------------------------------------------------------------------------- UUP 27.72 .08 27.78 -34.2% Bearish BLUE -.174 .017 -.157 --------------------------------------------------------------------------------------------- CORN 24.91 -.03 25.16 -75.5% ------- ---- -.106 -.053 -.159 --------------------------------------------------------------------------------------------- WEAT 6.96 -.09 7.05 -141% ------- ---- -.162 -.056 -.218 --------------------------------------------------------------------------------------------- YINN 44.43 -1.76 49.38 -277.4% Bullish RED .146 -.357 -.211 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/5/23 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- GOLD .869 .891 .891 .847 .826 .804 ===== BEVERAGE .785 .785 .928 .785 .785 .857 UTILITY .736 .5 .473 .473 .421 .368 NIFTY .704 .772 .84 .84 .772 .727 GAMING .684 .684 .684 .789 .736 .684 NASD-100 .67 .67 .75 .77 .67 .64 ===== HOMEBLDG .666 .666 .722 .666 .666 .666 HACKERS .625 .687 .687 .812 .625 .562 DJI-13 .615 .538 .461 .307 .307 .307 DOWJONES .6 .6 .466 .4 .366 .366 ====== HOSPITAL .571 .571 .571 .571 .5 .428 BONDFUND .563 .436 .448 .528 .287 .183 HIGHPRIC .558 .571 .627 .619 .541 .506 SOFTWARE .553 .571 .589 .589 .535 .553 FOOD .551 .551 .53 .408 .428 .387 COMPUTER .55 .65 .65 .6 .55 .45 COMODITY .512 .487 .512 .41 .435 .435 ========================================================================================================== EDU .5 .5 .5 .5 .333 0 INDEXES .481 .454 .54 .491 .378 .308 SP-100 .477 .466 .488 .455 .344 .277 MILITARY .461 .576 .73 .576 .538 .5 ETFS .454 .49 .509 .509 .527 .381 FIDSTKS .449 .431 .473 .443 .355 .313 SEMI .425 .457 .67 .702 .648 .638 SP500 .414 .41 .47 .455 .388 .33 ====== ELECTRON .398 .436 .616 .631 .578 .556 RETAIL .382 .425 .51 .425 .361 .319 RUS-1000 .37 .383 .451 .444 .366 .331 ===== OILGAS .361 .314 .447 .266 .209 .228 GUNS .357 .357 .5 .428 .357 .357 BIOTECH .302 .322 .342 .34 .307 .294 INSURANC .28 .24 .32 .2 .16 .24 GREEN .277 .333 .555 .5 .388 .388 INFRA .272 .272 .363 .333 .303 .303 INDMATER .263 .291 .361 .347 .333 .305 CHEM .232 .232 .302 .279 .255 .209 AUTO .226 .32 .32 .396 .283 .264 LOWPRICE .212 .234 .243 .232 .212 .183 TRANSP .21 .157 .263 .368 .21 .21 COAL .166 .166 .5 .166 0 0 JETS .153 .23 .23 .307 .307 .307 COPPER .142 .285 .428 .428 .428 .428 REIT .138 .161 .169 .184 .138 .123 CHINA .136 .272 .204 .227 .204 .159 SOLAR .125 .125 .25 .375 .25 .312 FINANCE .1 .125 .125 .125 .1 .1 MARIJUAN .1 .2 .2 .1 .1 .1 REGBANKS .024 .024 .024 .048 .024 .024 BIGBANKS 0 0 0 0 0 0 ===== |
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Wednesday 4/5/2023: 5:15 AM Futures: DJI -12 NASDAQ
-7 Data Used 4/4/2023
4/4/2023
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Peerless produced a
rare April Sell S12. Making this possible was our IP21- Accumulation Index turning negative with the DJI 2.9% over the 21-day ma, the 21-day ma now falling and the negative breadth P-Indicator falling more today. These conditions do allow a Sell S12 in the third years of the four-year Presidential cycle despite its normal seasonal bullishness. I checked back over the history of Sell S12s in March and April. As you can see below they are reliable even in the third years of the four-year Presidential Cycle. If we count the Depression era S12s in these years, the average decline after a S12 is more than 10%. But 6 of the total 13 cases saw a paper loss of between 2.2% and 4.1%. That would seem to be a good reason to stay a hedged a little longer by holding QQQ and TECL or some bullish MACPs while buying FAZ and holding short some of the weakest regional banks among the bearish MINCPs.. March and April Sell S12s since 1929. Date Gain on next Buy Paper Loss ---------- ------------------- ----------- 4/30/29 .081 -.022 3/20/31 .223 0 4/4/34 .110 -.033 3/4/36 .045 -.033 4/2/36 .067 -.009 4/13/38 .042 -.035 4/25/38 .052 0 3/7/39 .17 -.019 4/8/40 .231 0 4/19/67 -.001 -.041 4/6/79 .057 -.003 4/5/2004 .056 0| 4/20/2020 -.001 -.042 The indictment of former President Trump may be part of the reason the market fell on Tuesday. If this is so, it should go back up today. The NY Times ran an article yesterday setting forth how difficult it will be for the Congress to agree to extend the debt limit this Summer given the widely different opinions in Republican ranks and given Biden's declaration that he would not abandon social security or the military to reach an agreement. Its conclusion was that it would probably take another big market sell-off as we saw in 2011 to force agreement and avoid a government default. True or not, we saw two stocks drop sharply today, CAT and DE, that depend heavily on government road-building equipment bills being paid. Bank stocks were worried today, too. See the way regional banks dropped more today. They would seem to be the best place to go short and hedge long positions still held in TECL, QQQ and bullish MAXCPs. Buy FAZ again with the plan to sell it again above 25. Peace in the Ukraine would be bullish. Most experts do not expect Putin to stop fighting until he can claim some kind of victory to justify the heavy Russian losses. But the return home by defeated Russian soldiers over-turned the tsar in March 1917. Putin's personal power is assailable. He does not have the power of Stalin. Putin's days are probably numbered. |
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Charts - 4/4/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90404.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN ANET AXON AXP BA BABA BAC BIDU BLDP BSX CAT CDNS CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SNOW SO SQUARE 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 www.tigersoftware.com/UPPING/4-4-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-4-2023/BEARISH.htm |
Still Bullish Internals for QQQ |
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Still Bullish Internals for TECL |
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SOXL is weakening. Avoid. |
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Bank stocks look like shorts. |
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Buy FAZ as a hedge for QQQ or TECL. |
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Gold is being bought as a hedge against more financial panic. |
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SLV could be starting a run to 30, but JPM is known to short this to bring it back down in consultation with FED. |
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Weakness in Dollar reflects expectation of higher gold prices and FED not raising rates more, one of whose consequences is to strengthn Dollar. |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 4/4/2023 --- Bullish = 3 TECL(+.477), QQQ(+.292), GLD (.257) Bearish = 3 FAS (-.334), RETL (-.294), OIH(.272) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 333.94 -1.97 327.08 153.7% ------- RED .102 ---- ----- --------------------------------------------------------------------------------------------- COMPQX 12126.33 -63.12 11926.24 170.7% Bullish RED .173 .074 .247 --------------------------------------------------------------------------------------------- SPY 408.67 -2.28 401.35 161.7% ------- RED .138 .027 .165 --------------------------------------------------------------------------------------------- QQQ 319.07 -1.08 312.72 189.5% Bullish RED .181 .111 .292 --------------------------------------------------------------------------------------------- MDY 450.53 -7.5 449.11 76.1% ------- RED -.103 -.039 -.142 --------------------------------------------------------------------------------------------- IWM 175.35 -3.13 175.42 53.9% Bearish RED -.129 -.057 -.186 --------------------------------------------------------------------------------------------- FAS 56.25 -1.78 56.28 207.6% Bearish RED -.019 -.315 -.334 --------------------------------------------------------------------------------------------- RETL 7.25 -.29 6.69 463.5% ------- RED -.079 -.215 -.294 --------------------------------------------------------------------------------------------- SOXL 16.79 -1.02 17.08 334.2% Bullish RED .051 .146 .197 --------------------------------------------------------------------------------------------- TECL 36.4 -.59 34.5 554.3% Bullish RED .139 .338 .477 --------------------------------------------------------------------------------------------- IBB 128.86 -.91 127.83 109.4% ------- RED .044 -.051 -.007 --------------------------------------------------------------------------------------------- GLD 187.98 3.44 182.53 123.7% Bullish BLUE .204 .053 .257 --------------------------------------------------------------------------------------------- DBO 15.19 -.01 14.16 330.9% Bullish RED .161 -.02 .141 --------------------------------------------------------------------------------------------- OIH 284.11 -9.39 277.38 161.7% Bearish RED -.17 -.102 -.272 --------------------------------------------------------------------------------------------- CPER 24.29 -.48 24.92 -116.4% Bearish RED .089 -.052 .037 --------------------------------------------------------------------------------------------- TAN 75.83 -.53 74.2 217.1% Bearish RED -.052 -.064 -.116 --------------------------------------------------------------------------------------------- UUP 27.64 -.11 27.91 -35.9% Bearish RED -.13 .012 -.118 --------------------------------------------------------------------------------------------- CORN 24.94 -.33 25.29 -69.3% ------- ---- -.12 -.04 -.16 --------------------------------------------------------------------------------------------- WEAT 7.05 -.08 7.16 -49.3% Bearish ---- -.135 -.028 -.163 --------------------------------------------------------------------------------------------- YINN 46.19 -.67 47.06 -72.6% Bullish BLUE .086 -.334 -.248 |
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TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/4/23 Bullish = 15 Bearish = 32 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- GOLD .891 .891 .847 .826 .804 .847 BEVERAGE .785 .928 .785 .785 .857 .714 NIFTY .772 .84 .84 .772 .727 .636 HACKERS .687 .687 .812 .625 .562 .437 GAMING .684 .684 .736 .789 .684 .578 NASD-100 .67 .75 .77 .67 .65 .56 ===== HOMEBLDG .666 .722 .666 .666 .666 .666 ===== COMPUTER .65 .65 .6 .55 .45 .4 DOWJONES .6 .466 .4 .366 .366 .3 ===== MILITARY .576 .73 .576 .538 .5 .423 HIGHPRIC .571 .627 .619 .541 .51 .424 HOSPITAL .571 .571 .571 .5 .428 .357 SOFTWARE .571 .607 .589 .535 .553 .464 FOOD .551 .551 .387 .428 .387 .408 DJI-13 .538 .461 .307 .307 .307 .23 ============================================================================================== EDU .5 .5 .5 .333 0 0 UTILITY .5 .473 .473 .421 .342 .21 ============================================================================================== ETFS .49 .509 .509 .527 .4 .309 COMODITY .487 .538 .384 .435 .435 .435 SP-100 .466 .488 .455 .344 .277 .244 SEMI .457 .67 .702 .648 .627 .5 ===== INDEXES .454 .54 .491 .378 .313 .27 BONDFUND .436 .448 .528 .287 .218 .183 ELECTRON .436 .616 .631 .578 .548 .458 FIDSTKS .431 .473 .443 .355 .313 .254 RETAIL .425 .51 .425 .361 .319 .34 SP500 .41 .47 .457 .383 .336 .264 RUS-1000 .383 .451 .444 .366 .337 .278 ===== GUNS .357 .5 .428 .357 .357 .357 GREEN .333 .555 .5 .388 .388 .277 BIOTECH .322 .34 .342 .307 .302 .274 AUTO .32 .339 .396 .283 .264 .264 OILGAS .314 .447 .266 .209 .219 .2 INDMATER .291 .361 .347 .333 .305 .291 COPPER .285 .428 .428 .428 .428 .428 CHINA .272 .204 .227 .204 .136 .181 INFRA .272 .363 .333 .303 .303 .242 INSURANC .24 .32 .2 .16 .24 .12 LOWPRICE .234 .246 .234 .212 .186 .191 CHEM .232 .302 .279 .255 .209 .186 JETS .23 .23 .307 .307 .307 .153 MARIJUAN .2 .2 .1 .1 .1 .1 COAL .166 .5 .166 0 0 0 REIT .161 .161 .192 .146 .123 .1 TRANSP .157 .263 .368 .21 .21 .21 FINANCE .125 .125 .125 .087 .1 .075 SOLAR .125 .25 .375 .25 .312 .187 REGBANKS .024 .024 .048 .024 .024 .024 BIGBANKS 0 0 0 0 0 0 |
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Tuesday 4/4/2023: 5:55 AM Futures: DJI +24 NASDAQ +33
Data Used 4/3/2023
4-3-2023
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The
DJI's speedy rise has sent it knifing up through the expected resistance-levels represented by 32500 and the 65-dma. Now it looks like it may go right up past the borken support (and now resistance) at 33600. The quickness of the advance has again, like last October, meant the DJI has reached the upper 3.5% band. Last October it did not even hesitate to go higher. History suggests it may do the same here. Let's see if the Closing Powers for the major ETFs turn down. If they do, the DJI should sink back to its rising 21-day ma, after which it will probably turn back up. . The current Peerless has not produced an S9 or a S12 even though the DJI is at the 3.5% upper band with the P-Indicator below zero and the IP21 (Accum. Index) at zero. The reason why we have no Sell S9 signal is because our market studies show that there are too many cases between March and June in the third years of the four year Presidential cycle where S9/S12s fail and prices keep rising until July or later. Look at the cases below. There were 9 instances where the DJI continued to rise and only 5 cases where there was a pullback to the lower band. Bad S9 - 6/12/1935 . Bad S12 - 6/24/1935 Bad S12 - 5/10/1939 Good S9 - 4/30/1951 Bad S9 - 6/7/1955 Bad S9 - 4/27/1959 Good S9 - 5/29/1959 Good S9 - 3/17/1967 Good S9 - 5/6/1987 Bad S9 - 6/8/1987 Bad S9 - 3/29/1999 Good S9 - 6/30/2011 Bad S9 - 6/11/2019 Let's continue to watch for the Closing Power to turn down before selling the tech ETFS. AAPL and NVDA are theirleaders. They show no sign yet of reversing. OPEC says it will try to restrict the supply of crude to get oil prices to go back up. They may or may not succeed. In any case, the recovery of oil prices so far does not represent a threat to the FED fight with inflation. But gold's rally and new weakness in the Dollar work would against a pause by the FED in raising rates. The hope of a pause by the FED is probably the main force behind the current rally. So, we must watch Gold. A big advance by it has often brought an intermediate-term decline. Continuing Regional bank weakness belies the Administration's proclamation that there is no reason for financial panic. So, we must also watch FAZ and the regional banks shown in the Bearish MINCPs. |
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Charts - 4/3/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://tigersoftware.com/oldpeer/UPD90403.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU BLDP CAT CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM New stocks added: 3/24/2023: ANET AXON BSX CDNS SQSP 3/29/2023: SNOW TWL0 Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/4-3-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/4-3-2023/BEARISH.htm |
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Table 2 QUICKSILVER on ETFS - 4/3/2023 --- Bullish = 3 TECL(+.554), SOXL (+.434), QQQ(+.28), Bearish = 2 FAS (-.295). YINN (-.288) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 335.91 3.29 323.81 177.2% ------- BLUE .095 ----- ----- --------------------------------------------------------------------------------------------- COMPQX 12189.45 -32.46 11716.08 176.3% Bullish BLUE .146 .087 .233 --------------------------------------------------------------------------------------------- SPY 410.95 1.56 395.6 180.2% Bullish BLUE .125 .031 .156 --------------------------------------------------------------------------------------------- QQQ 320.15 -.78 307.12 181.9% Bullish BLUE .154 .126 .28 --------------------------------------------------------------------------------------------- MDY 458.03 -.38 443.65 169% ------- RED -.117 -.024 -.141 --------------------------------------------------------------------------------------------- IWM 178.48 .08 173.45 136.4% ------- RED -.125 -.042 -.167 --------------------------------------------------------------------------------------------- FAS 58.03 .36 53.91 361.9% ------- BLUE -.012 -.283 -.295 --------------------------------------------------------------------------------------------- RETL 7.54 .16 6.6 817.4% ------- BLUE -.086 -.125 -.211 --------------------------------------------------------------------------------------------- SOXL 17.81 -.49 15.63 541.6% Bullish RED .048 .386 .434 --------------------------------------------------------------------------------------------- TECL 36.99 -.19 32.48 583.1% Bullish BLUE .116 .438 .554 --------------------------------------------------------------------------------------------- IBB 129.77 .61 126.06 146.9% ------- BLUE .036 -.049 -.013 --------------------------------------------------------------------------------------------- GLD 184.54 1.32 183.44 70.7% Bullish BLUE .144 .023 .167 --------------------------------------------------------------------------------------------- DBO 15.2 .63 14.23 370.8% ------- ---- .206 -.029 .177 --------------------------------------------------------------------------------------------- OIH 293.5 16.37 275.07 453.2% ------- RED -.151 -.091 -.242 --------------------------------------------------------------------------------------------- CPER 24.77 -.17 24.87 -42.1% ------- RED .113 -.051 .062 --------------------------------------------------------------------------------------------- TAN 76.36 -1.27 72.56 230.5% Bearish RED -.027 -.046 -.073 --------------------------------------------------------------------------------------------- UUP 27.75 -.13 27.84 -34.1% Bearish RED -.085 .005 -.08 --------------------------------------------------------------------------------------------- CORN 25.27 .04 25.29 4% ------- RED -.053 -.053 -.106 --------------------------------------------------------------------------------------------- WEAT 7.13 .07 7.12 21.1% Bearish RED -.152 -.06 -.212 --------------------------------------------------------------------------------------------- YINN 46.86 -.65 46.88 541.6% Bullish RED .03 -.317 -.287 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/3/23 Bullish = 20 Bearish = 26 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .928 .785 .785 .857 .714 .714 GOLD .891 .847 .826 .804 .847 .739 NIFTY .84 .84 .772 .727 .636 .681 NASD-100 .75 .77 .67 .65 .56 .56 MILITARY .73 .576 .538 .5 .423 .384 HOMEBLDG .722 .666 .666 .666 .666 .666 HACKERS .687 .812 .625 .562 .437 .5 GAMING .684 .736 .736 .736 .631 .578 SEMI .67 .702 .648 .627 .5 .553 COMPUTER .65 .6 .55 .45 .4 .45 HIGHPRIC .627 .619 .541 .51 .432 .432 ELECTRON .616 .631 .578 .548 .451 .488 SOFTWARE .607 .607 .535 .553 .464 .517 HOSPITAL .571 .571 .5 .428 .357 .285 GREEN .555 .5 .388 .388 .277 .277 FOOD .551 .408 .408 .387 .408 .408 INDEXES .54 .491 .378 .313 .275 .27 COMODITY .538 .41 .41 .435 .435 .435 RETAIL .51 .425 .361 .319 .34 .297 ETFS .509 .509 .527 .4 .327 .272 =================================================================================================== COAL .5 .166 0 0 0 0 EDU .5 .5 .333 0 0 .333 GUNS .5 .428 .357 .357 .357 .357 ================================================================================================== SP-100 .488 .455 .344 .277 .244 .277 FIDSTKS .473 .443 .355 .313 .254 .278 UTILITY .473 .473 .421 .342 .21 .21 SP500 .47 .457 .386 .332 .275 .254 DOWJONES .466 .4 .366 .366 .3 .333 ===== DJI-13 .461 .307 .307 .307 .23 .23 RUS-1000 .451 .444 .366 .337 .285 .265 ===== BONDFUND .448 .528 .287 .218 .195 .16 OILGAS .447 .266 .209 .219 .2 .123 COPPER .428 .428 .428 .428 .428 .428 INFRA .363 .333 .303 .303 .242 .212 INDMATER .361 .347 .333 .305 .305 .263 BIOTECH .34 .34 .309 .302 .274 .259 AUTO .339 .415 .283 .264 .264 .207 INSURANC .32 .2 .16 .24 .12 .12 CHEM .302 .279 .255 .209 .209 .162 TRANSP .263 .368 .21 .21 .21 .21 SOLAR .25 .375 .25 .312 .187 .187 LOWPRICE .246 .237 .214 .186 .2 .203 JETS .23 .307 .307 .307 .153 .076 CHINA .204 .227 .204 .136 .159 .181 MARIJUAN .2 .1 .1 .1 .1 .1 REIT .161 .184 .153 .13 .092 .107 FINANCE .125 .125 .087 .087 .075 .075 REGBANKS .024 .048 .024 .024 .024 0 BIGBANKS 0 0 0 0 0 0 |
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Monday 4/3/2023: 1:40 AM Futures: DJI +68 NASDAQ
-97 Data Used 3/31/2023
3/31/2023
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The DJI has
moved up just above its now rising 65-dma. That was our target unless Peerless gave a new Buy signal, which has did not. It is now 2.5% above its 21-dma with the Tiger Accumulation Index and P-Indicator slightly positive, thereby avoiding a Sell S9 or S12 on Friday. Since the year 2000, the DJI's reaching a rising 21-dma with the P-I and IP21 just barely positive, brings a re-testing of the lower band in at least 2/3 of its cases. So, we should probably take some profits. I recommended buying SNOW and TWLO because I expected higher prices from the market as a whole (The DJI had just got back above 32500.) and because the short-term Stochastic (5-day) signals have worked particularly well these two stocks this past year. They have both made nice short-term runs this past week. That was all I expected, so they can be sold now. The tech ETFs still show very positive internals and the DJI's Closing Power is rising. Let's wait for the DJI's Closing Power to turn down before selling QQQ or TECL and before buying FAZ, as a short on the weakest sector, financials. Look at the DJI chart. See the congested area of trading just above 33550. It will surprising if the DJI can rise back above that level without a puulback. But April in the third year of the 4-year Presidential cycle is ordinarily quite bullish. Since 1967, the DJI has risen 80% of the time in the month after April 3rd and gained 4% on average. So, let's let Professionals tell us when to sell by having Closing Power of DIA turn down. |
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Charts - 3/31/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://www.tigersoftware.com/OLDPEER/UPD90331.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU BLDP CAT CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM New stocks added: 3/24/2023: ANET AXON BSX CDNS SQSP 3/29/2023: SNOW TWL0 Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/3-31-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/3-31-2023/BEARISH.htm |
Table 1 -
Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 3/31/2023 --- Bullish = 3 COMPQX(.266), TECL(+.677), SOXL (+.620), QQQ (+.324) Bearish = 2 FAS (-.266) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 332.62 4.14 324.31 158.4% ------- BLUE .097 0 ---- --------------------------------------------------------------------------------------------- COMPQX 12221.91 208.44 11768.84 167.9% Bullish BLUE .146 .12 .266 --------------------------------------------------------------------------------------------- SPY 409.39 5.69 396.49 171.1% Bullish BLUE .137 .047 .184 --------------------------------------------------------------------------------------------- QQQ 320.93 5.25 308.76 161.4% Bullish BLUE .164 .16 .324 --------------------------------------------------------------------------------------------- MDY 458.41 7.99 442.86 224.1% ------- BLUE -.081 -.007 -.088 --------------------------------------------------------------------------------------------- IWM 178.4 3.22 173.7 190% ------- BLUE -.113 -.026 -.139 --------------------------------------------------------------------------------------------- FAS 57.67 1.81 54.01 535.1% Bearish BLUE -.012 -.254 -.266 --------------------------------------------------------------------------------------------- RETL 7.38 .53 6.43 758.7% ------- BLUE -.097 -.079 -.176 --------------------------------------------------------------------------------------------- SOXL 18.3 .35 15.97 519.8% Bullish BLUE .071 .549 .62 --------------------------------------------------------------------------------------------- TECL 37.18 1.52 32.96 509.4% Bullish BLUE .118 .559 .677 --------------------------------------------------------------------------------------------- IBB 129.16 1.93 126.03 129.9% ------- BLUE .016 -.042 -.026 --------------------------------------------------------------------------------------------- GLD 183.22 -.96 181.95 -11.7% Bullish RED .154 .012 .166 --------------------------------------------------------------------------------------------- DBO 14.57 .21 14.14 369.2% ------- BLUE .238 -.06 .178 --------------------------------------------------------------------------------------------- OIH 277.13 2.83 268.62 365% ------- BLUE -.113 -.129 -.242 --------------------------------------------------------------------------------------------- CPER 24.94 -.18 24.98 20% Bullish ---- .13 -.038 .092 --------------------------------------------------------------------------------------------- TAN 77.63 1.88 72.92 315.5% ------- BLUE .029 -.01 .019 --------------------------------------------------------------------------------------------- UUP 27.88 .1 27.94 -26.9% Bearish ---- -.098 .009 -.089 --------------------------------------------------------------------------------------------- CORN 25.23 .07 25.25 71.5% Bullish BLUE -.005 -.054 -.059 --------------------------------------------------------------------------------------------- WEAT 7.06 .01 7.1 21.2% Bearish ---- -.144 -.06 -.204 --------------------------------------------------------------------------------------------- YINN 47.51 -1.87 41.82 305.6% Bullish RED .053 -.257 -.204 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 3/31/23 Bullish = 16 Bearish = 31 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- GOLD .847 .826 .804 .847 .739 .695 NIFTY .84 .772 .727 .636 .681 .681 HACKERS .812 .625 .562 .437 .5 .5 BEVERAGE .785 .785 .857 .714 .714 .714 NASD-100 .77 .67 .65 .56 .56 .57 GAMING .736 .736 .684 .684 .578 .473 SEMI .702 .648 .627 .5 .542 .574 HOMEBLDG .666 .666 .666 .666 .666 .666 ELECTRON .631 .578 .548 .451 .488 .496 HIGHPRIC .619 .541 .51 .432 .437 .424 SOFTWARE .607 .553 .553 .464 .517 .482 COMPUTER .6 .55 .45 .4 .45 .45 MILITARY .576 .538 .5 .423 .423 .307 HOSPITAL .571 .5 .428 .357 .357 .142 BONDFUND .528 .287 .218 .195 .183 .195 ETFS .509 .527 .4 .327 .309 .2 ---------------------------------------------------------------------------------------------- EDU .5 .333 0 0 .333 0 GREEN .5 .388 .388 .277 .277 .277 ============================================================================================== INDEXES .491 .378 .313 .275 .27 .297 UTILITY .473 .421 .342 .21 .21 .184 SP500 .457 .386 .334 .271 .26 .252 SP-100 .455 .344 .277 .244 .277 .255 RUS-1000 .444 .366 .337 .285 .268 .254 FIDSTKS .443 .355 .313 .254 .278 .266 COPPER .428 .428 .428 .428 .428 .285 GUNS .428 .357 .357 .357 .357 .285 RETAIL .425 .361 .319 .34 .297 .276 AUTO .415 .301 .264 .264 .207 .169 COMODITY .41 .435 .41 .435 .435 .41 FOOD .408 .428 .367 .408 .408 .367 DOWJONES .4 .366 .366 .3 .333 .3 SOLAR .375 .25 .312 .187 .187 .187 TRANSP .368 .21 .21 .21 .21 .105 INDMATER .347 .333 .305 .305 .277 .222 BIOTECH .34 .307 .304 .274 .264 .256 INFRA .333 .303 .303 .242 .212 .181 DJI-13 .307 .307 .307 .23 .23 .23 JETS .307 .307 .307 .153 .076 0 CHEM .279 .255 .209 .209 .186 .139 OILGAS .266 .209 .219 .2 .123 .104 LOWPRICE .237 .217 .189 .2 .203 .2 CHINA .227 .204 .136 .159 .181 .204 INSURANC .2 .16 .24 .12 .12 .12 REIT .184 .146 .138 .1 .1 .107 COAL .166 0 0 0 0 0 FINANCE .125 .087 .087 .062 .075 .087 MARIJUAN .1 .1 .1 .1 .1 0 REGBANKS .048 .024 .024 .024 0 0 BIGBANKS 0 0 0 0 0 0 |
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Friday 3/31/2023: 5:50 AM Futures: DJI +123 NASDAQ +29 Data Used
3/30/2023
3/30/2023
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The DJI still
looks like it is headed towards its red 65-dma at 33200, about a percent higher. It seems like it will have to reach it early in the day or at the opening because its Closing Power still has not turned up. A Sell S9 at the 2.4% upper band is still a possibility, too. But, the NYSE A/D Line is advancing well now, so we can't be sure if we will get a Sell S9. The NASDAQ also has about one percent left in its rally before i t reaches the resistance from its pervious high The real strength has been in tech stocks. See below in their ITRS reaching how the QQQ, SOXL and TECL are siginicantly outperforming the DJI. With the help of INTC, which broke out from its base today, semi-conductors are challenging their previous highs, as are QQQ and TECL. The internals for these ETFs are bullishly rising, but they now need price breakouts to clear the way for a bigger advance. Some profit-taking in them on a Friday would not be surprising, but their Closing Powers are still rising and that is our key now. The underlying problems for the markets remain the rising interest rates and the dangerous underpinnings of regional banks which are holding long-term bonds that are alltogether show paper losses of more than a trillion dollars because of the rapid rise in interest rates. Today, the Tiger-Regional Bank index turned sharply lower. The leveraged short on financials, FAZ, is holding at tis lows and is inviting us to buy it while holding TECL or SOXL lomg. This has been a great way to hedge the market ever since the Sell S10. That it may still work well is seen by how close GS (shown below) is to breaking down again and also how strong Gold is now, acting as a warning that the recent financial panic may be far from over. We will hold off on buying FAZ until we see what the weekend brings. |
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Charts - 3/30/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://www.tigersoftware.com/OLDPEER/UPD90330.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU BLDP CAT CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM New stocks added: 3/24/2023: ANET AXON BSX CDNS SQSP 3/29/2023: SNOW TWL0 Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/3-30-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/3-30-2023/BEARISH.htm |
DIA's Closing Power is not yet rising. |
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NASDAQ is outperforming DJI by 10.9% over last 50 trading days |
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Breakout here would be bullish. |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 3/30/2023 --- Bullish = 3 TECL(+.572), SOXL (+.479), QQQ (+.303) Bearish = 2 FAS (-.325), RETL (-.332) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 328.48 1.4 322.32 118% Bearish RED .091 0 ===== --------------------------------------------------------------------------------------------- COMPQX 12013.47 87.23 11823.96 95.8% Bullish BLUE .137 .11 .247 --------------------------------------------------------------------------------------------- SPY 403.7 2.35 395.75 132.8% Bullish RED .125 .045 .17 --------------------------------------------------------------------------------------------- QQQ 315.68 2.96 310.89 95.7% Bullish BLUE .153 .15 .303 --------------------------------------------------------------------------------------------- MDY 450.42 1.31 438.47 175.9% Bearish RED -.097 -.015 -.112 --------------------------------------------------------------------------------------------- IWM 175.18 -.24 171.79 142.5% Bearish RED -.132 -.033 -.165 --------------------------------------------------------------------------------------------- FAS 55.86 -.42 51.85 363.8% Bearish RED -.041 -.284 -.325 --------------------------------------------------------------------------------------------- RETL 6.85 .16 6.38 424.4% Bearish ---- -.157 -.175 -.332 --------------------------------------------------------------------------------------------- SOXL 17.95 .87 16.57 139% Bullish BLUE .065 .414 .479 --------------------------------------------------------------------------------------------- TECL 35.66 1.16 33.73 320% Bullish BLUE .109 .463 .572 --------------------------------------------------------------------------------------------- IBB 127.23 -.6 125.87 114.3% ------- RED .018 -.046 -.028 --------------------------------------------------------------------------------------------- GLD 184.18 1.65 183.65 -42.5% Bullish BLUE .175 .054 .229 --------------------------------------------------------------------------------------------- DBO 14.36 .2 13.53 301.8% Bullish BLUE .216 -.039 .177 --------------------------------------------------------------------------------------------- OIH 274.3 -3.08 257.38 292.8% ------- RED -.085 -.12 -.205 --------------------------------------------------------------------------------------------- CPER 25.12 .2 24.84 32.1% Bullish ---- .14 -.004 .136 --------------------------------------------------------------------------------------------- TAN 75.75 1.55 72.98 148.1% ------- RED .055 -.06 -.005 --------------------------------------------------------------------------------------------- UUP 27.78 -.13 28.03 -14.3% ------- ---- -.153 .022 -.131 --------------------------------------------------------------------------------------------- CORN 25.16 -.13 24.87 151.9% ------- RED -.029 -.045 -.074 --------------------------------------------------------------------------------------------- WEAT 7.05 -.11 7.03 234.8% Bearish RED -.173 -.048 -.221 --------------------------------------------------------------------------------------------- YINN 49.38 2.32 44.7 477.8% Bullish BLUE .122 -.16 -.038 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 3/30/23 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- GOLD .826 .804 .847 .739 .695 .673 ===== BEVERAGE .785 .857 .714 .714 .714 .5 NIFTY .772 .727 .636 .681 .681 .636 GAMING .736 .684 .631 .631 .473 .421 NASD-100 .67 .65 .56 .56 .58 .55 ----- HOMEBLDG .666 .666 .666 .666 .666 .666 SEMI .648 .627 .5 .542 .563 .617 ----- HACKERS .625 .562 .437 .5 .5 .5 ELECTRON .578 .548 .451 .488 .488 .511 SOFTWARE .553 .571 .464 .517 .482 .446 COMPUTER .55 .45 .4 .45 .45 .45 HIGHPRIC .541 .51 .432 .437 .428 .367 MILITARY .538 .5 .423 .423 .307 .192 ETFS .527 .4 .327 .309 .218 .254 ============================================================================================== HOSPITAL .5 .428 .357 .357 .214 .214 ============================================================================================== COMODITY .435 .435 .41 .435 .41 .41 COPPER .428 .428 .428 .428 .285 .285 FOOD .428 .387 .387 .408 .367 .367 UTILITY .421 .342 .21 .21 .184 .078 GREEN .388 .388 .277 .277 .277 .277 SP500 .386 .334 .273 .256 .258 .213 ===== INDEXES .378 .313 .275 .27 .297 .302 DOWJONES .366 .366 .3 .333 .3 .266 ===== RUS-1000 .366 .337 .285 .268 .257 .226 ===== RETAIL .361 .319 .34 .297 .276 .234 GUNS .357 .357 .357 .357 .285 .214 FIDSTKS .355 .313 .254 .278 .266 .224 SP-100 .344 .277 .244 .277 .255 .233 EDU .333 0 0 .333 0 0 INDMATER .333 .305 .305 .277 .222 .208 BIOTECH .308 .303 .277 .264 .259 .249 DJI-13 .307 .307 .23 .23 .23 .153 JETS .307 .307 .153 .076 0 0 INFRA .303 .303 .242 .212 .181 .181 AUTO .301 .283 .264 .207 .169 .188 BONDFUND .287 .218 .195 .183 .206 .149 CHEM .255 .209 .209 .186 .139 .116 SOLAR .25 .312 .187 .187 .187 .187 LOWPRICE .217 .191 .203 .203 .203 .177 TRANSP .21 .21 .21 .21 .105 .105 OILGAS .209 .219 .2 .123 .104 .114 CHINA .204 .136 .159 .181 .204 .204 INSURANC .16 .24 .12 .12 .12 .08 REIT .146 .13 .107 .107 .1 .084 MARIJUAN .1 .1 .1 .1 0 0 FINANCE .087 .087 .062 .062 .087 .087 REGBANKS .024 .024 .024 0 0 0 BIGBANKS 0 0 0 0 0 0 COAL 0 0 0 0 0 0 |
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Thursday 3/30/2023: 5:42 AM Futures: DJI +182 NASDAQ +73 Data Used
3/29/2023
3/29/2023
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The Sell S10 has not stopped the DJI from rallying back above the point of breakdown 32500. When this happens, the most a valid Sell S10 can allow is a rally to its 65-dma. At that point, a serious reversal down "should" then occur. But a close above the 65-dma with a break in the NYSE A/D Line downtrend,. which could take place tomorrow, would have to negate the Sell S10 as a false breakdown. This is mostly academic, at this point, if you have followed the suggestions here to be hedged by buying some MAXCPs and closing out FAZ and our REIT short-sales. DJI has risen back to its price-downtrendline and the level that stopped the last rally. NYSE breadth has improved substantially and the NYSE A/D Line has reached its downtrendline, but the P-I is still negative. A break in the down-trendline would give the rally a good boost. So will a break in the price downtrend of the SP-500 and SPY, which also could come tomorrow. DIA's Closing Power is classified as bearish, but a strong close today (Thursday) could turn it bullishly up. The DJI has been held back by its banking components and the weakness in its most heavily weighted component, UNH. See below. FAZ, which is the bearish ETF for financials is at its support. A turn-around back up by it would be a warning that the DJI is apt to stall out near 33300, about 1.5% higher, where its 65-dma is. As usual, we will probably depend upon our DIA and SPY Closing Powers to turn back down to tell us when Professionals have decided the present rally is over. Watch the NASDAQ which is still below its price down-trendline, but shows higher relative strength than the DJI and also has a rising Closing Power. QQQ, TECL and SOXL have not broken out to new highs, but their ITRS-Relatve Strength readings show they are much stronger than the DJI. This week's Congressional hearings have failed to put much heat on the FED for its failure in oversight of the banks that have recently failed. This must be contrued as part of the reason for this week's rally. The media credits the rally to a growing belief that the "run" on banks is over and "big money" need not worry. It can also be ascribed to how bullish April tends to be in the years before Presidential Elections. Our data since 1967, shows the DJI rallies 86.7% of the time in April in third years of the Presidential Four Year Cycle and shows an average gain of 3%. |
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Charts - 3/29/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://www.tigersoftware.com/OLDPEER/UPD90329.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU BLDP CAT CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO KR LRCX MRK MRNA MOS MSFT NEM NFLX NKE NOC NUE NVDA PANW PG PYPL QCOM QDEL REGN REV RE SO SQUARE TSLA TXN XOM V VRTX WFC WMT XLE ZM ZOM New stocks added: 3/24/2023: ANET AXON BSX CDNS SQSP 3/29/2023: SNOW TWL0 Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/3-29-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/3-29-2023/BEARISH.htm |
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Table 1 - Daily Breadth and Volume Statistics
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Table 2 QUICKSILVER on ETFS - 3/208/2023 --- Bullish = 3 TECL(+.451), SOXL (+.391), QQQ (+.254) Bearish = 2 FAS (-.331), RETL (-.341) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX ================================================================================================ DIA 327.08 3.27 320.84 107% ------- BLUE .087 ----- ----- --------------------------------------------------------------------------------------------- COMPQX 11926.24 210.16 11787.4 109% Bullish BLUE .098 .111 .209 --------------------------------------------------------------------------------------------- SPY 401.35 5.75 393.17 117.1% Bullish BLUE .101 .045 .146 --------------------------------------------------------------------------------------------- QQQ 312.72 5.6 309.75 107% Bullish BLUE .108 .146 .254 --------------------------------------------------------------------------------------------- MDY 449.11 5.46 434.88 139.2% Bearish BLUE -.073 -.008 -.081 --------------------------------------------------------------------------------------------- IWM 175.42 1.97 170.25 109.8% Bearish BLUE -.115 -.025 -.14 --------------------------------------------------------------------------------------------- FAS 56.28 2.37 51.96 294.5% Bearish BLUE -.034 -.297 -.331 --------------------------------------------------------------------------------------------- RETL 6.69 .09 6.3 124.1% Bearish RED -.136 -.205 -.341 --------------------------------------------------------------------------------------------- SOXL 17.08 1.45 17.49 256.4% ------- BLUE .048 .343 .391 --------------------------------------------------------------------------------------------- TECL 34.5 2.02 33.52 388.8% Bullish BLUE .066 .385 .451 --------------------------------------------------------------------------------------------- IBB 127.83 1.77 124.35 181% ------- BLUE .05 -.026 .024 --------------------------------------------------------------------------------------------- GLD 182.53 -.91 185.74 -24.8% Bullish ---- .138 .063 .201 --------------------------------------------------------------------------------------------- DBO 14.16 -.07 13.52 191.9% Bullish RED .225 -.043 .182 --------------------------------------------------------------------------------------------- OIH 277.38 2.31 258.64 219.2% ------- RED -.036 -.124 -.16 --------------------------------------------------------------------------------------------- CPER 24.92 .05 24.96 52.3% Bullish RED .186 .006 .192 --------------------------------------------------------------------------------------------- TAN 74.2 1.64 73.58 117.3% ------- BLUE .1 -.063 .037 --------------------------------------------------------------------------------------------- UUP 27.91 .07 27.86 16.1% Bearish ---- -.153 .049 -.104 --------------------------------------------------------------------------------------------- CORN 25.29 0 24.4 167% Bullish RED .059 -.027 .032 --------------------------------------------------------------------------------------------- WEAT 7.16 .04 6.72 295.2% ------- RED -.109 -.02 -.129 --------------------------------------------------------------------------------------------- YINN 47.06 .18 45.07 665.7% ------- BLUE .079 -.201 -.122 |
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Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 3/29/23 Bullish = 11 Bearish = 38 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BEVERAGE .857 .714 .714 .714 .571 .5 GOLD .804 .847 .739 .695 .673 .586 NIFTY .727 .636 .681 .681 .636 .59 ===== GAMING .684 .631 .578 .526 .421 .473 HOMEBLDG .666 .666 .666 .666 .666 .611 ===== NASD-100 .65 .56 .56 .58 .55 .52 SEMI .627 .5 .542 .563 .606 .563 ===== SOFTWARE .571 .482 .517 .482 .446 .428 HACKERS .562 .437 .5 .5 .5 .375 ELECTRON .548 .451 .488 .488 .503 .496 HIGHPRIC .51 .432 .437 .428 .385 .389 ================================================================================================== MILITARY .5 .423 .423 .307 .23 .269 ================================================================================================== COMPUTER .45 .4 .45 .45 .45 .4 COMODITY .435 .435 .41 .41 .41 .41 COPPER .428 .428 .428 .285 .285 .285 HOSPITAL .428 .357 .357 .214 .214 .285 ETFS .4 .327 .309 .218 .29 .218 GREEN .388 .277 .277 .277 .277 .277 FOOD .387 .408 .387 .367 .367 .367 DOWJONES .366 .3 .333 .3 .233 .233 ===== GUNS .357 .357 .357 .285 .214 .214 UTILITY .342 .21 .21 .184 .078 .078 RUS-1000 .337 .285 .268 .257 .23 .228 SP500 .334 .273 .258 .254 .223 .209 ===== RETAIL .319 .34 .297 .276 .234 .255 FIDSTKS .313 .254 .278 .266 .23 .218 INDEXES .313 .275 .27 .297 .302 .275 SOLAR .312 .187 .187 .187 .187 .25 DJI-13 .307 .23 .23 .23 .153 .153 JETS .307 .153 .076 0 0 0 INDMATER .305 .305 .277 .222 .208 .208 INFRA .303 .242 .212 .181 .181 .212 BIOTECH .301 .272 .267 .259 .251 .244 AUTO .283 .283 .207 .169 .188 .188 SP-100 .277 .244 .277 .255 .222 .177 INSURANC .24 .12 .12 .12 .08 .08 OILGAS .219 .2 .123 .104 .114 .133 BONDFUND .218 .195 .183 .206 .172 .172 TRANSP .21 .21 .21 .105 .105 .105 CHEM .209 .209 .186 .139 .116 .093 LOWPRICE .191 .206 .206 .203 .18 .2 CHINA .136 .159 .181 .204 .204 .204 REIT .13 .1 .115 .107 .076 .092 MARIJUAN .1 .1 .1 0 0 .2 FINANCE .087 .062 .062 .075 .087 .075 REGBANKS .024 .024 0 0 0 0 BIGBANKS 0 0 0 0 0 0 COAL 0 0 0 0 0 0 EDU 0 0 .333 0 0 0 |
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Wednesday 3/29/2023: 6:00 AM Futures: DJI +211 NASDAQ +110 Data Used
3/28/2023
3/28/2023
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This morning the
DJI is moving up through its 32500 resistance and the NASDAQ may breakout above its year-long downtrend. The Peerless S10 warns us that until there is a new Peerless Buy signal the upside is probably limited to the DJI's falling 65-dma. The Closings Powers are rising for the SPY, QQQ and NASDAQ. So, Professionals should be observed closely now. As long as their buying keeps the Closing Powers rising, the rally can be considered alive. Watch Boeing (shown below tomorrow) to see if it can surpass its red 65-dma resistance. This is now the highest AI./200 DJI stock and is on a red Buy. Traders looking for long positions should buy BA and consider our Bullish MAXCPs as well as SNOW and TWLO, which are on automatic buys given by a short-term trading system that has gained 500% on long and short trades this past year. |
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Charts - 3/28/2023 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 Short-Term Rates NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Tiger Index of Big Banks Bond Funds Gold Stocks Housing Stocks Insurance-Stocks Regional Bnnls Russell-1000 Semi Conductors Recent 2006 vers-Peerless signals http://www.tigersoftware.com/OLDPEER/UPD90328.bmp ETFs: DIA QQQ SPY IWM MDY TNA Short-Term Rates Ten Year Rates PST (Short Treasuries) DOLLAR-UUP ALLSTOCKs COIN (Bit Coin ETF) USO-CrudeOil DBO BLDP 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) PALL (Palladium) Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA BAC BIDU BLDP CAT CHKP CNX CPB CRM CVX CMG DE DIS ENPH FB FSLR FTNT GILD GME GOOG GS HD IBM INTU JPM KO 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 New stocks added 3/24/2023: ANET AXON BSX CDNS SQSP Leveraged Short ETFs: FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs, SOXS - semi-conductors LABD - Biotechs Bullish MAXCPs www.tigersoftware.com/UPPING/3-28-2023/Bullish.htm Bearish MINCPs www.tigersoftware.com/Downing/3-28-2023/BEARISH.htm |
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Tuesday 2/28 6:10 AM PCT Futures DJI + 101 NASDAQ +58
Data Used 2-27-2023
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