NEW
HOTLINE 5-26-2023 Tiger Software (C) 2023
www.tigersoftware.com/707/index.htm
william_schmidt@hotmail.com
=============================================================================
New Windows-10 Peerless/Tiger progress report. Done is basic
DJI with Superimposed signals
and most of
indicators. Lines and Signals are next.
-----------------------------------------------------------------------------------------
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
--------------------------------------------------------------------------
--------------------------------------------------------------------------
New Free Book - Trading SPY with Tigersoft: 1986-2023
New charts for 1986-1989 added. - 4/10/2023
http://www.tigersoftware.com/SPY-book-1989-2023/SPY-Book.htm
Revised 4/8/2023
Peerless is now available at ESP Page. It gives
the multiple-composite indicator display on stocks and ETFs
gone to from the
top of Indic.3 with a graph already on the screen. See example of SPY
shown in HL for 4/10/2023. Use the trend changes of these indicators to
"clinch" superimposed Peerless sigfnals.
The Hotline's price is now $480 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. The Hotline, Data
Page
and the XP Software updates are $695 for a year.
========================================================================
Previous Hotlines: www.tigersoftware.com/sage22/INDEX.htm
www.tigersoftware.com/dante43/INDEX.htm
www.tigersoftware.com/5HLM/INDEX.htm
====================================================================================
Friday - 5/26/2023 - 6:10 AM Futures
DJI +40 NASDAQ +65 Data used 5/25/2023
| |
5/25/2023
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,079 |
3,067 |
3,068 |
| Advances |
1,032 |
689 |
1,738 |
| Declines |
1,936 |
2,260 |
1,203 |
| Unchanged |
111 |
118 |
127 |
| New
highs |
33 |
17 |
82 |
| New
lows |
144 |
85 |
45 |
| Adv.
volume* |
276,612,236 |
178,143,208 |
498,013,376 |
| Decl.
volume* |
627,435,047 |
632,330,372 |
355,453,366 |
| Total
volume* |
910,682,649 |
817,403,675 |
860,472,520 |
| Closing
Arms (TRIN)† |
1.11 |
1.01 |
1.07 |
| Block
trades* |
4,056 |
3,905 |
3,978 |
| Adv.
volume |
1,330,609,180 |
857,089,047 |
2,260,393,747 |
| Decl.
volume |
2,780,775,524 |
2,842,967,065 |
1,681,914,593 |
| Total
volume |
4,147,769,236 |
3,739,167,215 |
3,980,506,829 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,638 |
4,636 |
4,612 |
| Advances |
1,450 |
1,334 |
2,343 |
| Declines |
2,998 |
3,117 |
2,060 |
| Unchanged |
190 |
185 |
209 |
| New
highs |
72 |
42 |
115 |
| New
lows |
191 |
120 |
103 |
| Closing
Arms (TRIN)† |
0.59 |
0.92 |
0.76 |
| Block
trades |
23,448 |
20,696 |
23,449 |
| Adv.
volume |
2,059,786,840 |
1,282,788,790 |
2,672,573,327 |
| Decl.
volume |
2,516,743,931 |
2,759,159,935 |
1,782,984,298 |
| Total
volume |
4,651,647,122 |
4,088,276,977 |
4,532,890,835 |
|
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
|
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
|
====================================================================================
Thursday - 5/25/2023 - 6:03 AM Futures DJI -60 NASDAQ +257 Data used 5/24/2023
| |
5/24/2023
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,067 |
3,077 |
3,084 |
| Advances |
689 |
1,153 |
2,311 |
| Declines |
2,260 |
1,806 |
675 |
| Unchanged |
118 |
118 |
98 |
| New
highs |
17 |
26 |
56 |
| New
lows |
85 |
31 |
80 |
| Adv.
volume* |
178,143,208 |
373,164,328 |
732,635,114 |
| Decl.
volume* |
632,330,372 |
508,032,649 |
162,863,913 |
| Total
volume* |
817,403,675 |
892,460,390 |
905,944,715 |
| Closing
Arms (TRIN)† |
1.01 |
0.80 |
0.81 |
| Block
trades* |
3,905 |
4,136 |
4,092 |
| Adv.
volume |
857,089,047 |
1,817,380,859 |
3,215,519,800 |
| Decl.
volume |
2,842,967,065 |
2,268,485,054 |
757,689,323 |
| Total
volume |
3,739,167,215 |
4,155,328,872 |
4,039,085,979 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,636 |
4,636 |
4,622 |
| Advances |
1,334 |
1,977 |
3,152 |
| Declines |
3,117 |
2,468 |
1,289 |
| Unchanged |
185 |
191 |
181 |
| New
highs |
42 |
91 |
84 |
| New
lows |
120 |
77 |
144 |
| Closing
Arms (TRIN)† |
0.92 |
1.23 |
0.55 |
| Block
trades |
20,696 |
20,404 |
26,248 |
| Adv.
volume |
1,282,788,790 |
1,685,752,741 |
3,661,205,754 |
| Decl.
volume |
2,759,159,935 |
2,598,827,477 |
816,057,582 |
| Total
volume |
4,088,276,977 |
4,347,444,919 |
4,501,820,354 |
|
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
|
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
|
====================================================================================
Wednesday - 5/24/2023 - 6:04 AM Futures DJI -127 NASDAQ -57 Data used 5/23/2023
|
5/23/2023
|
|
|
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.
|
|
|
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,077 |
3,095 |
3,085 |
| Advances |
1,153 |
1,790 |
610 |
| Declines |
1,806 |
1,192 |
2,387 |
| Unchanged |
118 |
113 |
88 |
| New
highs |
26 |
49 |
36 |
| New
lows |
31 |
35 |
107 |
| Adv.
volume* |
373,164,328 |
507,889,383 |
119,767,156 |
| Decl.
volume* |
508,032,649 |
278,573,612 |
678,542,442 |
| Total
volume* |
892,460,390 |
796,578,521 |
806,142,461 |
| Closing
Arms (TRIN)† |
0.80 |
0.78 |
1.21 |
| Block
trades* |
4,136 |
3,860 |
4,142 |
| Adv.
volume |
1,817,380,859 |
2,404,661,470 |
631,159,289 |
| Decl.
volume |
2,268,485,054 |
1,247,465,866 |
2,997,562,604 |
| Total
volume |
4,155,328,872 |
3,728,529,387 |
3,654,207,076 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,636 |
4,611 |
4,633 |
| Advances |
1,977 |
2,805 |
1,359 |
| Declines |
2,468 |
1,623 |
3,099 |
| Unchanged |
191 |
183 |
175 |
| New
highs |
91 |
112 |
69 |
| New
lows |
77 |
97 |
199 |
| Closing
Arms (TRIN)† |
1.23 |
0.71 |
0.71 |
| Block
trades |
20,404 |
20,643 |
21,540 |
| Adv.
volume |
1,685,752,741 |
3,004,630,251 |
1,517,483,846 |
| Decl.
volume |
2,598,827,477 |
1,231,493,121 |
2,465,149,126 |
| Total
volume |
4,347,444,919 |
4,278,924,432 |
4,067,510,682 |
|
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
|
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
|
===================================================================================
Tuesday - 5/23/2023 - 6:04 AM Futures DJI -80 NASDAQ -20 Data used 5/22/2023
| |
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,095 |
3,059 |
3,077 |
| Advances |
1,790 |
1,169 |
1,982 |
| Declines |
1,192 |
1,776 |
973 |
| Unchanged |
113 |
114 |
122 |
| New
highs |
49 |
75 |
43 |
| New
lows |
35 |
45 |
58 |
| Adv.
volume* |
507,889,383 |
364,004,690 |
583,267,667 |
| Decl.
volume* |
278,573,612 |
576,404,078 |
212,801,473 |
| Total
volume* |
796,578,521 |
951,484,926 |
800,895,103 |
| Closing
Arms (TRIN)† |
0.78 |
1.06 |
0.71 |
| Block
trades* |
3,860 |
4,652 |
4,074 |
| Adv.
volume |
2,404,661,470 |
1,527,583,303 |
2,623,788,636 |
| Decl.
volume |
1,247,465,866 |
2,463,706,674 |
909,851,800 |
| Total
volume |
3,728,529,387 |
4,041,907,938 |
3,562,172,206 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,611 |
4,586 |
4,644 |
| Advances |
2,805 |
1,976 |
2,887 |
| Declines |
1,623 |
2,364 |
1,564 |
| Unchanged |
183 |
246 |
193 |
| New
highs |
112 |
108 |
77 |
| New
lows |
97 |
99 |
160 |
| Closing
Arms (TRIN)† |
0.71 |
1.15 |
0.77 |
| Block
trades |
20,643 |
19,652 |
20,951 |
| Adv.
volume |
3,004,630,251 |
1,626,430,713 |
2,774,815,595 |
| Decl.
volume |
1,231,493,121 |
2,235,182,066 |
1,162,111,079 |
| Total
volume |
4,278,924,432 |
3,935,782,307 |
3,979,299,123 |
|
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
|
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
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,059 |
3,068 |
3,064 |
| Advances |
1,169 |
1,738 |
1,312 |
| Declines |
1,776 |
1,203 |
1,638 |
| Unchanged |
114 |
127 |
114 |
| New
highs |
75 |
82 |
50 |
| New
lows |
45 |
45 |
118 |
| Adv.
volume* |
364,004,690 |
498,013,376 |
289,687,908 |
| Decl.
volume* |
576,404,078 |
355,453,366 |
468,257,268 |
| Total
volume* |
951,484,926 |
860,472,520 |
775,467,040 |
| Closing
Arms (TRIN)† |
1.06 |
1.07 |
1.34 |
| Block
trades* |
4,652 |
3,978 |
3,813 |
| Adv.
volume |
1,527,583,303 |
2,260,393,747 |
1,291,560,618 |
| Decl.
volume |
2,463,706,674 |
1,681,914,593 |
2,161,681,367 |
| Total
volume |
4,041,907,938 |
3,980,506,829 |
3,533,743,847 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,586 |
4,612 |
4,578 |
| Advances |
1,976 |
2,343 |
1,753 |
| Declines |
2,364 |
2,060 |
2,615 |
| Unchanged |
246 |
209 |
210 |
| New
highs |
108 |
115 |
71 |
| New
lows |
99 |
103 |
250 |
| Closing
Arms (TRIN)† |
1.15 |
0.76 |
1.13 |
| Block
trades |
19,652 |
23,449 |
24,317 |
| Adv.
volume |
1,626,430,713 |
2,672,573,327 |
1,526,197,107 |
| Decl.
volume |
2,235,182,066 |
1,782,984,298 |
2,567,120,591 |
| Total
volume |
3,935,782,307 |
4,532,890,835 |
4,170,003,073 |
|
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
|
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
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,068 |
3,084 |
3,075 |
| Advances |
1,738 |
2,311 |
927 |
| Declines |
1,203 |
675 |
2,045 |
| Unchanged |
127 |
98 |
103 |
| New
highs |
82 |
56 |
35 |
| New
lows |
45 |
80 |
86 |
| Adv.
volume* |
498,013,376 |
732,635,114 |
243,165,793 |
| Decl.
volume* |
355,453,366 |
162,863,913 |
585,939,340 |
| Total
volume* |
860,472,520 |
905,944,715 |
837,897,447 |
| Closing
Arms (TRIN)† |
1.07 |
0.81 |
1.03 |
| Block
trades* |
3,978 |
4,092 |
4,010 |
| Adv.
volume |
2,260,393,747 |
3,215,519,800 |
1,131,912,469 |
| Decl.
volume |
1,681,914,593 |
757,689,323 |
2,571,459,040 |
| Total
volume |
3,980,506,829 |
4,039,085,979 |
3,752,902,209 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,612 |
4,622 |
4,635 |
| Advances |
2,343 |
3,152 |
1,663 |
| Declines |
2,060 |
1,289 |
2,769 |
| Unchanged |
209 |
181 |
203 |
| New
highs |
115 |
84 |
81 |
| New
lows |
103 |
144 |
218 |
| Closing
Arms (TRIN)† |
0.76 |
0.55 |
0.66 |
| Block
trades |
23,449 |
26,248 |
23,135 |
| Adv.
volume |
2,672,573,327 |
3,661,205,754 |
2,110,896,556 |
| Decl.
volume |
1,782,984,298 |
816,057,582 |
2,316,629,710 |
| Total
volume |
4,532,890,835 |
4,501,820,354 |
4,489,491,713 |
|
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
|
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
|
====================================================================================
Thursday - 5/18/2023 - 5:45 AM Futures DJI -31 NASDAQ +8 Data used 5/17/2023
| |
Data used 5/17/2023
|
|
| |
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.
 |
The steep ClosPwr downtrend-line was broken but its 21-day
ma is falling.
a
 |
NASDAQ and QQQ recovery highs were confirmed by their Closing Power.
 |
 |
| Leaders were AI stocks , semi-conductors and Home-Bulding Stocks. |
 |
 |
 |
The prospects of
lower fuel prices should propel airlines stocks upwards.
 |
Still below their falling Closing Powers are
some the very weakest MINCPs.
 |
 |
 |
Table 1 - Daily Breadth and Volume
Statistics
- Still 94 more new lows today than new highs.
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,084 |
3,085 |
3,086 |
| Advances |
2,311 |
610 |
1,707 |
| Declines |
675 |
2,387 |
1,264 |
| Unchanged |
98 |
88 |
115 |
| New
highs |
56 |
36 |
60 |
| New
lows |
80 |
107 |
69 |
| Adv.
volume* |
732,635,114 |
119,767,156 |
429,891,264 |
| Decl.
volume* |
162,863,913 |
678,542,442 |
464,742,774 |
| Total
volume* |
905,944,715 |
806,142,461 |
903,467,621 |
| Closing
Arms (TRIN)† |
0.81 |
1.21 |
1.41 |
| Block
trades* |
4,092 |
4,142 |
4,361 |
| Adv.
volume |
3,215,519,800 |
631,159,289 |
1,957,659,830 |
| Decl.
volume |
757,689,323 |
2,997,562,604 |
2,047,757,683 |
| Total
volume |
4,039,085,979 |
3,654,207,076 |
4,057,169,925 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,622 |
4,633 |
4,613 |
| Advances |
3,152 |
1,359 |
2,541 |
| Declines |
1,289 |
3,099 |
1,849 |
| Unchanged |
181 |
175 |
223 |
| New
highs |
84 |
69 |
106 |
| New
lows |
144 |
199 |
171 |
| Closing
Arms (TRIN)† |
0.55 |
0.71 |
1.06 |
| Block
trades |
26,248 |
21,540 |
28,043 |
| Adv.
volume |
3,661,205,754 |
1,517,483,846 |
2,737,144,052 |
| Decl.
volume |
816,057,582 |
2,465,149,126 |
2,109,145,859 |
| Total
volume |
4,501,820,354 |
4,067,510,682 |
4,948,263,516 |
|
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
|
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
|
====================================================================================
====================================================================================
----------------------------------------------------------------------------------------------------------------------------
Wednesday -
5/16/2023 - 6:08 AM Futures
DJI +155 NASDAQ +33 Data used 5/16/2023
| |
5/16/2023
|
|
| |
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
tetsing their lows.
Utilities and bonds were especially weak today. The prospects
of a deflationary fiscal
future has brought retails stocks to their 12-month lows.
And Oil stocks envisage more
consumer belt-tighening.
But the times are bullish for
stocks like NVDA, MSFT and GOOG that are
the leaders in the burgeoning
new field of artificial intelligence. And the future
looks sweet for LLY and the
beneficiaries of its amazing weight-loss anti-diabetes
drug. Hedging by
shorting our most bearish MINCPs and being long the strongest
home-builders and other
MAXCPs keeps working out. When hedging is doing
out this well, I think it
would be a mistake to apply a new strategy. Look for
more blue-chip and bond
weakness. But note the pockets of strength. They
will be the leaders when the
political drama eases off. |
|
| |
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.
 |
DIA's Closing Power is falling. So are its 5-day, 21-day and 65-dma.
 |
NASDAQ has made a recovery new high, but cannot advance by itself, it seems.
 |
 |
 |
Bullish Stocks: LLY, NVDA,
 |
 |
Snack food is in style.
 |
"Gotta have a home."
 |
But false breakouts must be watched for, as with FSLR
 |
Will RETL breakdown? Chart looks bearish.
 |
Regional Banks are still struggling and under mounting
public scrutiny.
 |
 |
Will Big Banks catch the contagion that its lay low the
regional banks?
 |
Heavy Distribution, big money dumping and Professional selling:
These find us the most bearish stocks to sell short.. |
 |
 |
 |
able 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,085 |
3,077 |
3,080 |
| Advances |
610 |
1,982 |
1,202 |
| Declines |
2,387 |
973 |
1,753 |
| Unchanged |
88 |
122 |
125 |
| New
highs |
36 |
43 |
49 |
| New
lows |
107 |
58 |
76 |
| Adv.
volume* |
119,767,156 |
583,267,667 |
358,676,050 |
| Decl.
volume* |
678,542,442 |
212,801,473 |
494,527,371 |
| Total
volume* |
806,142,461 |
800,895,103 |
875,127,332 |
| Closing
Arms (TRIN)† |
1.21 |
0.71 |
0.83 |
| Block
trades* |
4,142 |
4,074 |
4,250 |
| Adv.
volume |
631,159,289 |
2,623,788,636 |
1,665,884,957 |
| Decl.
volume |
2,997,562,604 |
909,851,800 |
2,021,707,952 |
| Total
volume |
3,654,207,076 |
3,562,172,206 |
3,810,146,102 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,633 |
4,644 |
4,633 |
| Advances |
1,359 |
2,887 |
1,877 |
| Declines |
3,099 |
1,564 |
2,531 |
| Unchanged |
175 |
193 |
225 |
| New
highs |
69 |
77 |
87 |
| New
lows |
199 |
160 |
188 |
| Closing
Arms (TRIN)† |
0.71 |
0.77 |
0.99 |
| Block
trades |
21,540 |
20,951 |
21,720 |
| Adv.
volume |
1,517,483,846 |
2,774,815,595 |
1,746,192,160 |
| Decl.
volume |
2,465,149,126 |
1,162,111,079 |
2,322,031,872 |
| Total
volume |
4,067,510,682 |
3,979,299,123 |
4,126,782,968 |
|
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
|
==================================================================================
Tuesday - 5/15/2023 - 5:30 AM Futures DJI -80 NASDAQ -5 Data used 5/15/2023
| |
5/15/2023
|
|
| |
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. |
|
| |
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.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics.
| Issues
traded |
3,077 |
3,064 |
3,084 |
| Advances |
1,982 |
1,312 |
1,405 |
| Declines |
973 |
1,638 |
1,574 |
| Unchanged |
122 |
114 |
105 |
| New
highs |
43 |
50 |
59 |
| New
lows |
58 |
118 |
44 |
| Adv.
volume* |
583,267,667 |
289,687,908 |
437,167,040 |
| Decl.
volume* |
212,801,473 |
468,257,268 |
356,068,601 |
| Total
volume* |
800,895,103 |
775,467,040 |
810,107,971 |
| Closing
Arms (TRIN)† |
0.71 |
1.34 |
0.65 |
| Block
trades* |
4,074 |
3,813 |
4,138 |
| Adv.
volume |
2,623,788,636 |
1,291,560,618 |
2,055,203,497 |
| Decl.
volume |
909,851,800 |
2,161,681,367 |
1,496,378,279 |
| Total
volume |
3,562,172,206 |
3,533,743,847 |
3,641,645,071 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,644 |
4,578 |
4,613 |
| Advances |
2,887 |
1,753 |
2,128 |
| Declines |
1,564 |
2,615 |
2,273 |
| Unchanged |
193 |
210 |
212 |
| New
highs |
77 |
71 |
81 |
| New
lows |
160 |
250 |
113 |
| Closing
Arms (TRIN)† |
0.77 |
1.13 |
0.46 |
| Block
trades |
20,951 |
24,317 |
24,392 |
| Adv.
volume |
2,774,815,595 |
1,526,197,107 |
2,782,368,736 |
| Decl.
volume |
1,162,111,079 |
2,567,120,591 |
1,369,984,118 |
| Total
volume |
3,979,299,123 |
4,170,003,073 |
4,216,362,702 |
|
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
|
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
|
====================================================================================
Monday - 5/15/2023 - 5:55 AM Futures
DJI+55 NASDAQ +27 Data used 5/12/2023
| |
5/12/2023
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,064 |
3,075 |
3,073 |
| Advances |
1,312 |
927 |
2,549 |
| Declines |
1,638 |
2,045 |
438 |
| Unchanged |
114 |
103 |
86 |
| New
highs |
50 |
35 |
48 |
| New
lows |
118 |
86 |
49 |
| Adv.
volume* |
289,687,908 |
243,165,793 |
827,963,324 |
| Decl.
volume* |
468,257,268 |
585,939,340 |
91,824,338 |
| Total
volume* |
775,467,040 |
837,897,447 |
925,735,935 |
| Closing
Arms (TRIN)† |
1.34 |
1.03 |
0.70 |
| Block
trades* |
3,813 |
4,010 |
4,727 |
| Adv.
volume |
1,291,560,618 |
1,131,912,469 |
3,710,307,802 |
| Decl.
volume |
2,161,681,367 |
2,571,459,040 |
449,425,330 |
| Total
volume |
3,533,743,847 |
3,752,902,209 |
4,186,270,049 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,578 |
4,635 |
4,583 |
| Advances |
1,753 |
1,663 |
3,221 |
| Declines |
2,615 |
2,769 |
1,180 |
| Unchanged |
210 |
203 |
182 |
| New
highs |
71 |
81 |
99 |
| New
lows |
250 |
218 |
135 |
| Closing
Arms (TRIN)† |
1.13 |
0.66 |
0.64 |
| Block
trades |
24,317 |
23,135 |
25,790 |
| Adv.
volume |
1,526,197,107 |
2,110,896,556 |
3,680,590,012 |
| Decl.
volume |
2,567,120,591 |
2,316,629,710 |
866,199,736 |
| Total
volume |
4,170,003,073 |
4,489,491,713 |
4,574,791,473 |
https://www.wsj.com/market-data/stocks/marketsdiary
|
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
|
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
|
===================================================================================
Friday - 5/12/2023 - 5:40 AM Futures
DJI+125 NASDAQ +35 Data used 5/11/2023
| |
5/11/2023
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,075 |
3,086 |
3,065 |
| Advances |
927 |
1,707 |
868 |
| Declines |
2,045 |
1,264 |
2,108 |
| Unchanged |
103 |
115 |
89 |
| New
highs |
35 |
60 |
38 |
| New
lows |
86 |
69 |
258 |
| Adv.
volume* |
243,165,793 |
429,891,264 |
340,816,220 |
| Decl.
volume* |
585,939,340 |
464,742,774 |
724,704,245 |
| Total
volume* |
837,897,447 |
903,467,621 |
1,070,277,352 |
| Closing
Arms (TRIN)† |
1.03 |
1.41 |
0.84 |
| Block
trades* |
4,010 |
4,361 |
4,793 |
| Adv.
volume |
1,131,912,469 |
1,957,659,830 |
1,617,485,780 |
| Decl.
volume |
2,571,459,040 |
2,047,757,683 |
3,280,174,423 |
| Total
volume |
3,752,902,209 |
4,057,169,925 |
4,920,099,287 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,635 |
4,613 |
4,601 |
| Advances |
1,663 |
2,541 |
1,745 |
| Declines |
2,769 |
1,849 |
2,662 |
| Unchanged |
203 |
223 |
194 |
| New
highs |
81 |
106 |
60 |
| New
lows |
218 |
171 |
476 |
| Closing
Arms (TRIN)† |
0.66 |
1.06 |
0.82 |
| Block
trades |
23,135 |
28,043 |
26,304 |
| Adv.
volume |
2,110,896,556 |
2,737,144,052 |
2,092,882,400 |
| Decl.
volume |
2,316,629,710 |
2,109,145,859 |
2,608,712,003 |
| Total
volume |
4,489,491,713 |
4,948,263,516 |
4,745,781,430 |
|
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
|
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
|
====================================================================================
Thursday - 5/11/2023 - 4:30 AM Futures DJI -83 NASDAQ +7 Data
used 5/10/2023
| |
5/10/2023
|
|
| |
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. |
|
| |
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
 |
 |
 |
|
BEARISH STOCKS |
 |
 |
 |
 |
 |
Table 1 - Daily Volume and Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,086 |
3,080 |
3,095 |
| Advances |
1,707 |
1,202 |
1,130 |
| Declines |
1,264 |
1,753 |
1,841 |
| Unchanged |
115 |
125 |
124 |
| New
highs |
60 |
49 |
79 |
| New
lows |
69 |
76 |
104 |
| Adv.
volume* |
429,891,264 |
358,676,050 |
341,208,371 |
| Decl.
volume* |
464,742,774 |
494,527,371 |
644,144,230 |
| Total
volume* |
903,467,621 |
875,127,332 |
996,296,923 |
| Closing
Arms (TRIN)† |
1.41 |
0.83 |
1.13 |
| Block
trades* |
4,361 |
4,250 |
4,349 |
| Adv.
volume |
1,957,659,830 |
1,665,884,957 |
1,476,745,146 |
| Decl.
volume |
2,047,757,683 |
2,021,707,952 |
2,714,996,683 |
| Total
volume |
4,057,169,925 |
3,810,146,102 |
4,246,517,459 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,613 |
4,633 |
4,566 |
| Advances |
2,541 |
1,877 |
2,180 |
| Declines |
1,849 |
2,531 |
2,186 |
| Unchanged |
223 |
225 |
200 |
| New
highs |
106 |
87 |
78 |
| New
lows |
171 |
188 |
281 |
| Closing
Arms (TRIN)† |
1.06 |
0.99 |
1.47 |
| Block
trades |
28,043 |
21,720 |
51,675 |
| Adv.
volume |
2,737,144,052 |
1,746,192,160 |
2,314,718,728 |
| Decl.
volume |
2,109,145,859 |
2,322,031,872 |
3,407,381,300 |
|
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
|
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
|
====================================================================================
Wednesday - 5/10/2023 - 6:15 AM Futures DJI
+100 NASDAQ +50 Data used 5/9/2023
| |
5/9/2023
|
|
| |
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.
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,080 |
3,084 |
3,094 |
| Advances |
1,202 |
1,405 |
603 |
| Declines |
1,753 |
1,574 |
2,398 |
| Unchanged |
125 |
105 |
93 |
| New
highs |
49 |
59 |
41 |
| New
lows |
76 |
44 |
152 |
| Adv.
volume* |
358,676,050 |
437,167,040 |
146,443,936 |
| Decl.
volume* |
494,527,371 |
356,068,601 |
817,926,099 |
| Total
volume* |
875,127,332 |
810,107,971 |
969,771,077 |
| Closing
Arms (TRIN)† |
0.83 |
0.65 |
1.26 |
| Block
trades* |
4,250 |
4,138 |
4,515 |
| Adv.
volume |
1,665,884,957 |
2,055,203,497 |
739,997,448 |
| Decl.
volume |
2,021,707,952 |
1,496,378,279 |
3,717,545,876 |
| Total
volume |
3,810,146,102 |
3,641,645,071 |
4,486,130,982 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,633 |
4,613 |
4,624 |
| Advances |
1,877 |
2,128 |
1,281 |
| Declines |
2,531 |
2,273 |
3,127 |
| Unchanged |
225 |
212 |
216 |
| New
highs |
87 |
81 |
62 |
| New
lows |
188 |
113 |
442 |
| Closing
Arms (TRIN)† |
0.99 |
0.46 |
0.76 |
| Block
trades |
21,720 |
24,392 |
44,570 |
| Adv.
volume |
1,746,192,160 |
2,782,368,736 |
1,893,177,912 |
| Decl.
volume |
2,322,031,872 |
1,369,984,118 |
3,515,735,998 |
| Total
volume |
4,126,782,968 |
4,216,362,702 |
5,501,414,589 |
|
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
|
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
|
====================================================================================
Tuesday - 5/9/2023 - 6:06 AM Futures DJI -90 NASDAQ -75 Data
used 5/8/2023
| |
5/8/2023
|
|
| |
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. |
|
| |
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
|
With DIA,
Closing Power's 21-dma is falling while trend is still up.
 |
At flat resistance - CP
is just above its ma. Note heavier down volume at bottom.
 |
 |
 |
STRONG STOCK FOLLOW:
 |
|
|
WEAK STOCKS FOLLOW |
 |
 |
 |
STRONG STOCKS FOLLOW
 |
 |
 |
|
 |
Daily Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,084 |
3,073 |
3,096 |
| Advances |
1,405 |
2,549 |
1,212 |
| Declines |
1,574 |
438 |
1,776 |
| Unchanged |
105 |
86 |
108 |
| New
highs |
59 |
48 |
83 |
| New
lows |
44 |
49 |
35 |
| Adv.
volume* |
437,167,040 |
827,963,324 |
352,122,253 |
| Decl.
volume* |
356,068,601 |
91,824,338 |
433,673,549 |
| Total
volume* |
810,107,971 |
925,735,935 |
792,214,141 |
| Closing
Arms (TRIN)† |
0.65 |
0.70 |
0.83 |
| Block
trades* |
4,138 |
4,727 |
3,934 |
| Adv.
volume |
2,055,203,497 |
3,710,307,802 |
1,483,166,104 |
| Decl.
volume |
1,496,378,279 |
449,425,330 |
1,808,304,138 |
| Total
volume |
3,641,645,071 |
4,186,270,049 |
3,321,376,860 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,613 |
4,583 |
4,596 |
| Advances |
2,128 |
3,221 |
2,048 |
| Declines |
2,273 |
1,180 |
2,388 |
| Unchanged |
212 |
182 |
160 |
| New
highs |
81 |
99 |
103 |
| New
lows |
113 |
135 |
198 |
| Closing
Arms (TRIN)† |
0.46 |
0.64 |
0.94 |
| Block
trades |
24,392 |
25,790 |
46,644 |
| Adv.
volume |
2,782,368,736 |
3,680,590,012 |
2,459,008,432 |
| Decl.
volume |
1,369,984,118 |
866,199,736 |
2,684,726,905 |
| Total
volume |
4,216,362,702 |
4,574,791,473 |
5,168,438,845 |
|
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
|
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
|
===================================================================================
Monday - 5/8/2023 - 6:08 AM Futures DJI
+101 NASDAQ -25 Data used
5/5/2023
| |
5/5/2023
|
|
| |
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. |
|
| |
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
|
|
 |
 |
 |
 |
 |
 |
 --------------------------------------------------------------------------------------------------------------------
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 ---------------------------------------------------------------------------------------------------------------------
============================================================================= |
Table 1: Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,073 |
3,065 |
3,111 |
| Advances |
2,549 |
868 |
2,206 |
| Declines |
438 |
2,108 |
798 |
| Unchanged |
86 |
89 |
107 |
| New
highs |
48 |
38 |
72 |
| New
lows |
49 |
258 |
37 |
| Adv.
volume* |
827,963,324 |
340,816,220 |
783,703,090 |
| Decl.
volume* |
91,824,338 |
724,704,245 |
260,528,345 |
| Total
volume* |
925,735,935 |
1,070,277,352 |
1,052,329,580 |
| Closing
Arms (TRIN)† |
0.70 |
0.84 |
1.03 |
| Block
trades* |
4,727 |
4,793 |
4,606 |
| Adv.
volume |
3,710,307,802 |
1,617,485,780 |
2,940,946,388 |
| Decl.
volume |
449,425,330 |
3,280,174,423 |
1,096,860,769 |
| Total
volume |
4,186,270,049 |
4,920,099,287 |
4,087,800,666 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,583 |
4,601 |
4,640 |
| Advances |
3,221 |
1,745 |
2,891 |
| Declines |
1,180 |
2,662 |
1,533 |
| Unchanged |
182 |
194 |
216 |
| New
highs |
99 |
60 |
70 |
| New
lows |
135 |
476 |
153 |
| Closing
Arms (TRIN)† |
0.64 |
0.82 |
0.71 |
| Block
trades |
25,790 |
26,304 |
45,145 |
| Adv.
volume |
3,680,590,012 |
2,092,882,400 |
3,844,474,537 |
| Decl.
volume |
866,199,736 |
2,608,712,003 |
1,452,848,103 |
| Total
volume |
4,574,791,473 |
4,745,781,430 |
5,331,381,382 |
|
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
|
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
|
====================================================================================
Thursday - 5/5/2023 - 6:12 AM Futures
DJI +146 NASDAQ +52 Data used 5/4/2023
| |
5/4/2023
|
|
| |
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.
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,065 |
3,095 |
3,079 |
| Advances |
868 |
1,130 |
2,342 |
| Declines |
2,108 |
1,841 |
636 |
| Unchanged |
89 |
124 |
101 |
| New
highs |
38 |
79 |
37 |
| New
lows |
258 |
104 |
55 |
| Adv.
volume* |
340,816,220 |
341,208,371 |
688,574,019 |
| Decl.
volume* |
724,704,245 |
644,144,230 |
120,309,036 |
| Total
volume* |
1,070,277,352 |
996,296,923 |
813,709,146 |
| Closing
Arms (TRIN)† |
0.84 |
1.13 |
0.68 |
| Block
trades* |
4,793 |
4,349 |
3,769 |
| Adv.
volume |
1,617,485,780 |
1,476,745,146 |
3,149,524,743 |
| Decl.
volume |
3,280,174,423 |
2,714,996,683 |
577,371,848 |
| Total
volume |
4,920,099,287 |
4,246,517,459 |
3,750,554,125 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,601 |
4,566 |
4,609 |
| Advances |
1,745 |
2,180 |
2,864 |
| Declines |
2,662 |
2,186 |
1,533 |
| Unchanged |
194 |
200 |
212 |
| New
highs |
60 |
78 |
53 |
| New
lows |
476 |
281 |
219 |
| Closing
Arms (TRIN)† |
0.82 |
1.47 |
0.99 |
| Block
trades |
26,304 |
51,675 |
42,688 |
| Adv.
volume |
2,092,882,400 |
2,314,718,728 |
3,401,536,144 |
| Decl.
volume |
2,608,712,003 |
3,407,381,300 |
1,806,409,696 |
| Total
volume |
4,745,781,430 |
5,782,161,901 |
5,253,710,477 |
|
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
|
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
|
==========================================================================
Thursday - 5/4/2023 - 6:15 AM Futures
DJI -62 NASDAQ -10 Data used 5/3/2023
| |
5/3/2023
|
|
| |
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.
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,095 |
3,094 |
3,111 |
| Advances |
1,130 |
603 |
1,011 |
| Declines |
1,841 |
2,398 |
1,969 |
| Unchanged |
124 |
93 |
131 |
| New
highs |
79 |
41 |
31 |
| New
lows |
104 |
152 |
101 |
| Adv.
volume* |
341,208,371 |
146,443,936 |
192,386,569 |
| Decl.
volume* |
644,144,230 |
817,926,099 |
633,875,579 |
| Total
volume* |
996,296,923 |
969,771,077 |
846,351,901 |
| Closing
Arms (TRIN)† |
1.13 |
1.26 |
1.50 |
| Block
trades* |
4,349 |
4,515 |
4,051 |
| Adv.
volume |
1,476,745,146 |
739,997,448 |
954,865,712 |
| Decl.
volume |
2,714,996,683 |
3,717,545,876 |
2,787,901,251 |
| Total
volume |
4,246,517,459 |
4,486,130,982 |
3,837,034,178 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,566 |
4,624 |
4,680 |
| Advances |
2,180 |
1,281 |
1,785 |
| Declines |
2,186 |
3,127 |
2,662 |
| Unchanged |
200 |
216 |
233 |
| New
highs |
78 |
62 |
51 |
| New
lows |
281 |
442 |
408 |
| Closing
Arms (TRIN)† |
1.47 |
0.76 |
1.00 |
| Block
trades |
51,675 |
44,570 |
44,196 |
| Adv.
volume |
2,314,718,728 |
1,893,177,912 |
2,107,020,210 |
| Decl.
volume |
3,407,381,300 |
3,515,735,998 |
3,134,407,163 |
| Total
volume |
5,782,161,901 |
5,501,414,589 |
5,281,973,744 |
|
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
|
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
|
====================================================================================
Wednesday - 5/3/2023 - 6:15 AM Futures
DJI +15 NASDAQ +22 Data used 5/2/2023
| |
5/2/2023
|
|
| |
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. |
|
| |
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.
 |
Current DJI, Peerless Signals and Indicators
 |
 |
 |
 |
 |
Weakest Regional Banks - dropping steeply
 |
 |
 |
 |
Bullish Sweet Stock - YUM
 |
Table 1 -
Daily Breadth and
Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,094 |
3,096 |
3,116 |
| Advances |
603 |
1,212 |
496 |
| Declines |
2,398 |
1,776 |
2,538 |
| Unchanged |
93 |
108 |
82 |
| New
highs |
41 |
83 |
43 |
| New
lows |
152 |
35 |
103 |
| Adv.
volume* |
146,443,936 |
352,122,253 |
107,267,253 |
| Decl.
volume* |
817,926,099 |
433,673,549 |
740,474,802 |
| Total
volume* |
969,771,077 |
792,214,141 |
856,251,914 |
| Closing
Arms (TRIN)† |
1.26 |
0.83 |
1.33 |
| Block
trades* |
4,515 |
3,934 |
4,563 |
| Adv.
volume |
739,997,448 |
1,483,166,104 |
501,909,925 |
| Decl.
volume |
3,717,545,876 |
1,808,304,138 |
3,426,599,684 |
| Total
volume |
4,486,130,982 |
3,321,376,860 |
3,978,647,357 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,624 |
4,596 |
4,643 |
| Advances |
1,281 |
2,048 |
998 |
| Declines |
3,127 |
2,388 |
3,455 |
| Unchanged |
216 |
160 |
190 |
| New
highs |
62 |
103 |
39 |
| New
lows |
442 |
198 |
385 |
| Closing
Arms (TRIN)† |
0.76 |
0.94 |
0.70 |
| Block
trades |
44,570 |
46,644 |
36,059 |
| Adv.
volume |
1,893,177,912 |
2,459,008,432 |
1,395,496,511 |
| Decl.
volume |
3,515,735,998 |
2,684,726,905 |
3,394,708,287 |
| Total
volume |
5,501,414,589 |
5,168,438,845 |
4,806,021,164 |
|
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
|
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
|
====================================================================================
Tuesday - 5/2/2023 - 6:15 AM Futures
DJI -79 NASDAQ -11 Data used 5/1/2023
| |
5/1/2023
|
|
| |
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. |
|
| |
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.
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,096 |
3,111 |
3,076 |
| Advances |
1,212 |
2,206 |
1,635 |
| Declines |
1,776 |
798 |
1,331 |
| Unchanged |
108 |
107 |
110 |
| New
highs |
83 |
72 |
53 |
| New
lows |
35 |
37 |
40 |
| Adv.
volume* |
352,122,253 |
783,703,090 |
407,289,239 |
| Decl.
volume* |
433,673,549 |
260,528,345 |
326,098,805 |
| Total
volume* |
792,214,141 |
1,052,329,580 |
746,084,794 |
| Closing
Arms (TRIN)† |
0.83 |
1.03 |
1.02 |
| Block
trades* |
3,934 |
4,606 |
3,818 |
| Adv.
volume |
1,483,166,104 |
2,940,946,388 |
1,766,512,542 |
| Decl.
volume |
1,808,304,138 |
1,096,860,769 |
1,466,683,026 |
| Total
volume |
3,321,376,860 |
4,087,800,666 |
3,290,940,151 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,596 |
4,640 |
4,630 |
| Advances |
2,048 |
2,891 |
1,817 |
| Declines |
2,388 |
1,533 |
2,614 |
| Unchanged |
160 |
216 |
199 |
| New
highs |
103 |
70 |
79 |
| New
lows |
198 |
153 |
211 |
| Closing
Arms (TRIN)† |
0.94 |
0.71 |
1.65 |
| Block
trades |
46,644 |
45,145 |
44,680 |
| Adv.
volume |
2,459,008,432 |
3,844,474,537 |
1,424,122,248 |
| Decl.
volume |
2,684,726,905 |
1,452,848,103 |
3,383,118,058 |
| Total
volume |
5,168,438,845 |
5,331,381,382 |
4,854,054,961 |
|
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
|
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
|
====================================================================================
Monday -
5/1/2023 - 1:00 AM Futures DJI +
6 NASDAQ +8 Data used 4/28/2023
| |
4/28/2023
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,111 |
3,079 |
3,100 |
| Advances |
2,206 |
2,342 |
1,350 |
| Declines |
798 |
636 |
1,612 |
| Unchanged |
107 |
101 |
138 |
| New
highs |
72 |
37 |
54 |
| New
lows |
37 |
55 |
39 |
| Adv.
volume* |
783,703,090 |
688,574,019 |
373,415,743 |
| Decl.
volume* |
260,528,345 |
120,309,036 |
513,470,310 |
| Total
volume* |
1,052,329,580 |
813,709,146 |
897,262,294 |
| Closing
Arms (TRIN)† |
1.03 |
0.68 |
1.19 |
| Block
trades* |
4,606 |
3,769 |
4,409 |
| Adv.
volume |
2,940,946,388 |
3,149,524,743 |
1,469,836,172 |
| Decl.
volume |
1,096,860,769 |
577,371,848 |
2,086,619,265 |
| Total
volume |
4,087,800,666 |
3,750,554,125 |
3,611,754,437 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,640 |
4,609 |
4,618 |
| Advances |
2,891 |
2,864 |
2,092 |
| Declines |
1,533 |
1,533 |
2,303 |
| Unchanged |
216 |
212 |
223 |
| New
highs |
70 |
53 |
68 |
| New
lows |
153 |
219 |
201 |
| Closing
Arms (TRIN)† |
0.71 |
0.99 |
0.71 |
| Block
trades |
45,145 |
42,688 |
44,059 |
| Adv.
volume |
3,844,474,537 |
3,401,536,144 |
2,713,174,155 |
| Decl.
volume |
1,452,848,103 |
1,806,409,696 |
2,112,117,071 |
| Total
volume |
5,331,381,382 |
5,253,710,477 |
4,868,059,227 |
|
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
|
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
=====
|
=====================================================================================
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. |
|
|
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
|
===================================================================================
Thursday - 4/26/2023 - 6:12 AM Futures: DJI +168
NASDAQ +138 Data used 4/26/2023
| |
4/26/2023
|
|
| |
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.
|
|
| |
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
|
|
 |
 |
 |
+ |
 |
 |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,111 |
3,116 |
3,106 |
| Advances |
1,011 |
496 |
1,399 |
| Declines |
1,969 |
2,538 |
1,580 |
| Unchanged |
131 |
82 |
127 |
| New
highs |
31 |
43 |
54 |
| New
lows |
101 |
103 |
33 |
| Adv.
volume* |
192,386,569 |
107,267,253 |
344,088,301 |
| Decl.
volume* |
633,875,579 |
740,474,802 |
403,157,728 |
| Total
volume* |
846,351,901 |
856,251,914 |
758,794,263 |
| Closing
Arms (TRIN)† |
1.50 |
1.33 |
1.18 |
| Block
trades* |
4,051 |
4,563 |
3,854 |
| Adv.
volume |
954,865,712 |
501,909,925 |
1,508,466,478 |
| Decl.
volume |
2,787,901,251 |
3,426,599,684 |
2,002,940,998 |
| Total
volume |
3,837,034,178 |
3,978,647,357 |
3,572,564,312 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,680 |
4,643 |
4,655 |
| Advances |
1,785 |
998 |
2,104 |
| Declines |
2,662 |
3,455 |
2,324 |
| Unchanged |
233 |
190 |
227 |
| New
highs |
51 |
39 |
65 |
| New
lows |
408 |
385 |
140 |
| Closing
Arms (TRIN)† |
1.00 |
0.70 |
0.78 |
| Block
trades |
44,196 |
36,059 |
46,208 |
| Adv.
volume |
2,107,020,210 |
1,395,496,511 |
2,638,917,573 |
| Decl.
volume |
3,134,407,163 |
3,394,708,287 |
2,261,667,423 |
| Total
volume |
5,281,973,744 |
4,806,021,164 |
4,972,705,439 |
|
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
|
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
|
===================================================================================
Wednesday - 4/26/2023 - 6:16 AM
Futures: DJI +100 NASDAQ +100
Data used 4/25/2023
| |
4/25/2023
|
|
| |
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.
|
|
| |
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
 |
 |
DIA testing its rising 21-dma.
But its long Closing Power uptrend has been violated.
 |
NASDAQ testing its rising 65-dma.
 |
Uptrend of QQQ's Closing Power has not been violated.
 |
SPY's Closing
Power uptrend has not yet been violated.
 |
Weak SOXL...
 |
TECL
is testing its rising 65-dma. CP uptrend has been violated.
 |
FAS is weak, below falling 65-dma. CP uptrend has been violated.
 |
 |
 |
 |
 |
 |
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,116 |
3,076 |
3,125 |
| Advances |
496 |
1,635 |
1,374 |
| Declines |
2,538 |
1,331 |
1,617 |
| Unchanged |
82 |
110 |
134 |
| New
highs |
43 |
53 |
66 |
| New
lows |
103 |
40 |
34 |
| Adv.
volume* |
107,267,253 |
407,289,239 |
394,465,317 |
| Decl.
volume* |
740,474,802 |
326,098,805 |
368,183,062 |
| Total
volume* |
856,251,914 |
746,084,794 |
770,127,537 |
| Closing
Arms (TRIN)† |
1.33 |
1.02 |
0.78 |
| Block
trades* |
4,563 |
3,818 |
3,616 |
| Adv.
volume |
501,909,925 |
1,766,512,542 |
1,821,262,089 |
| Decl.
volume |
3,426,599,684 |
1,466,683,026 |
1,674,032,383 |
| Total
volume |
3,978,647,357 |
3,290,940,151 |
3,536,646,758 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,643 |
4,630 |
4,660 |
| Advances |
998 |
1,817 |
1,954 |
| Declines |
3,455 |
2,614 |
2,512 |
| Unchanged |
190 |
199 |
194 |
| New
highs |
39 |
79 |
74 |
| New
lows |
385 |
211 |
152 |
| Closing
Arms (TRIN)† |
0.70 |
1.65 |
0.81 |
| Block
trades |
36,059 |
44,680 |
36,897 |
| Adv.
volume |
1,395,496,511 |
1,424,122,248 |
2,344,312,231 |
| Decl.
volume |
3,394,708,287 |
3,383,118,058 |
2,455,143,937 |
| Total
volume |
4,806,021,164 |
4,854,054,961 |
4,851,816,227 |
|
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
|
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
|
=====================================================================================
Tuesday -
4/25/2023 - 6:15 AM Futures: DJI -102 NASDAQ -53
Data used 4/24/2023
| |
4/24/2023
|
|
| |
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.
|
|
| |
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.
 |
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.
 |
 |
 |
 |
 |
 |
 |
 |
Best
Sectors to trade Peerless for last year.
|
Optimized trading Buys and Sells have worked particularly for Bonds and
Utilities.
 |
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.
|
TABLE 1 - DAILY BREADTH and VOLUME STATISTICS
| Issues
traded |
3,076 |
3,100 |
3,131 |
| Advances |
1,635 |
1,350 |
1,835 |
| Declines |
1,331 |
1,612 |
1,160 |
| Unchanged |
110 |
138 |
136 |
| New
highs |
53 |
54 |
56 |
| New
lows |
40 |
39 |
39 |
| Adv.
volume* |
407,289,239 |
373,415,743 |
533,200,795 |
| Decl.
volume* |
326,098,805 |
513,470,310 |
260,157,348 |
| Total
volume* |
746,084,794 |
897,262,294 |
804,775,585 |
| Closing
Arms (TRIN)† |
1.02 |
1.19 |
0.87 |
| Block
trades* |
3,818 |
4,409 |
3,829 |
| Adv.
volume |
1,766,512,542 |
1,469,836,172 |
2,287,545,461 |
| Decl.
volume |
1,466,683,026 |
2,086,619,265 |
1,261,047,134 |
| Total
volume |
3,290,940,151 |
3,611,754,437 |
3,611,184,829 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,630 |
4,618 |
4,669 |
| Advances |
1,817 |
2,092 |
2,751 |
| Declines |
2,614 |
2,303 |
1,712 |
| Unchanged |
199 |
223 |
206 |
| New
highs |
79 |
68 |
80 |
| New
lows |
211 |
201 |
170 |
| Closing
Arms (TRIN)† |
1.65 |
0.71 |
0.68 |
| Block
trades |
44,680 |
44,059 |
36,507 |
| Adv.
volume |
1,424,122,248 |
2,713,174,155 |
3,360,028,993 |
| Decl.
volume |
3,383,118,058 |
2,112,117,071 |
1,416,615,050 |
| Total
volume |
4,854,054,961 |
4,868,059,227 |
4,823,182,434 |
|
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
|
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
|
|
| |
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. |
|
| |
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
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,100 |
3,082 |
3,095 |
| Advances |
1,350 |
1,102 |
1,018 |
| Declines |
1,612 |
1,857 |
1,945 |
| Unchanged |
138 |
123 |
132 |
| New
highs |
54 |
70 |
46 |
| New
lows |
39 |
34 |
40 |
| Adv.
volume* |
373,415,743 |
210,906,057 |
296,675,798 |
| Decl.
volume* |
513,470,310 |
610,622,706 |
478,456,520 |
| Total
volume* |
897,262,294 |
832,743,285 |
790,944,936 |
| Closing
Arms (TRIN)† |
1.19 |
1.68 |
0.79 |
| Block
trades* |
4,409 |
4,290 |
3,796 |
| Adv.
volume |
1,469,836,172 |
970,994,980 |
1,393,795,556 |
| Decl.
volume |
2,086,619,265 |
2,745,853,045 |
2,093,433,591 |
| Total
volume |
3,611,754,437 |
3,772,083,661 |
3,575,696,266 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,618 |
4,632 |
4,621 |
| Advances |
2,092 |
1,580 |
1,434 |
| Declines |
2,303 |
2,832 |
2,954 |
| Unchanged |
223 |
220 |
233 |
| New
highs |
68 |
58 |
71 |
| New
lows |
201 |
150 |
222 |
| Closing
Arms (TRIN)† |
0.71 |
1.53 |
0.84 |
| Block
trades |
44,059 |
32,297 |
34,284 |
| Adv.
volume |
2,713,174,155 |
1,212,329,640 |
1,688,306,366 |
| Decl.
volume |
2,112,117,071 |
3,321,299,005 |
2,919,482,262 |
| Total
volume |
4,868,059,227 |
4,590,533,040 |
4,655,748,770 |
|
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
|
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
|
|
| |
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.
|
|
| |
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
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth
and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,082 |
3,106 |
3,107 |
| Advances |
1,102 |
1,399 |
2,130 |
| Declines |
1,857 |
1,580 |
859 |
| Unchanged |
123 |
127 |
118 |
| New
highs |
70 |
54 |
54 |
| New
lows |
34 |
33 |
31 |
| Adv.
volume* |
210,906,057 |
344,088,301 |
600,440,164 |
| Decl.
volume* |
610,622,706 |
403,157,728 |
208,516,100 |
| Total
volume* |
832,743,285 |
758,794,263 |
814,400,596 |
| Closing
Arms (TRIN)† |
1.68 |
1.18 |
0.95 |
| Block
trades* |
4,290 |
3,854 |
3,927 |
| Adv.
volume |
970,994,980 |
1,508,466,478 |
2,584,954,228 |
| Decl.
volume |
2,745,853,045 |
2,002,940,998 |
987,310,647 |
| Total
volume |
3,772,083,661 |
3,572,564,312 |
3,596,593,326 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,632 |
4,655 |
4,652 |
| Advances |
1,580 |
2,104 |
3,178 |
| Declines |
2,832 |
2,324 |
1,253 |
| Unchanged |
220 |
227 |
221 |
| New
highs |
58 |
65 |
86 |
| New
lows |
150 |
140 |
157 |
| Closing
Arms (TRIN)† |
1.53 |
0.78 |
0.95 |
| Block
trades |
32,297 |
46,208 |
35,708 |
| Adv.
volume |
1,212,329,640 |
2,638,917,573 |
3,559,121,426 |
| Decl.
volume |
3,321,299,005 |
2,261,667,423 |
1,337,052,213 |
| Total
volume |
4,590,533,040 |
4,972,705,439 |
4,942,992,222 |
|
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
|
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
|
|
| |
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. |
|
| |
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.
 |
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.
 |
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.
 |
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.
 |
SPY is very close to
having its price uptrend-line broken. Its Closing
Power is still rising.
 |
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.
 |
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.
 |
 |
 |
 |
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.
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,106 |
3,125 |
3,134 |
| Advances |
1,399 |
1,374 |
1,380 |
| Declines |
1,580 |
1,617 |
1,617 |
| Unchanged |
127 |
134 |
137 |
| New
highs |
54 |
66 |
57 |
| New
lows |
33 |
34 |
28 |
| Adv.
volume* |
344,088,301 |
394,465,317 |
286,137,411 |
| Decl.
volume* |
403,157,728 |
368,183,062 |
510,653,671 |
| Total
volume* |
758,794,263 |
770,127,537 |
802,365,338 |
| Closing
Arms (TRIN)† |
1.18 |
0.78 |
1.44 |
| Block
trades* |
3,854 |
3,616 |
4,019 |
| Adv.
volume |
1,508,466,478 |
1,821,262,089 |
1,338,696,329 |
| Decl.
volume |
2,002,940,998 |
1,674,032,383 |
2,266,072,503 |
| Total
volume |
3,572,564,312 |
3,536,646,758 |
3,633,120,885 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,655 |
4,660 |
4,760 |
| Advances |
2,104 |
1,954 |
1,666 |
| Declines |
2,324 |
2,512 |
2,818 |
| Unchanged |
227 |
194 |
276 |
| New
highs |
65 |
74 |
80 |
| New
lows |
140 |
152 |
192 |
| Closing
Arms (TRIN)† |
0.78 |
0.81 |
1.19 |
| Block
trades |
46,208 |
36,897 |
35,400 |
| Adv.
volume |
2,638,917,573 |
2,344,312,231 |
1,609,661,012 |
| Decl.
volume |
2,261,667,423 |
2,455,143,937 |
3,250,559,887 |
| Total
volume |
4,972,705,439 |
4,851,816,227 |
4,909,770,894 |
|
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
|
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
|
|
| |
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. |
|
| |
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%.
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,125 |
3,131 |
3,127 |
| Advances |
1,374 |
1,835 |
2,218 |
| Declines |
1,617 |
1,160 |
787 |
| Unchanged |
134 |
136 |
122 |
| New
highs |
66 |
56 |
48 |
| New
lows |
34 |
39 |
20 |
| Adv.
volume* |
394,465,317 |
533,200,795 |
622,358,855 |
| Decl.
volume* |
368,183,062 |
260,157,348 |
172,006,053 |
| Total
volume* |
770,127,537 |
804,775,585 |
809,976,325 |
| Closing
Arms (TRIN)† |
0.78 |
0.87 |
0.81 |
| Block
trades* |
3,616 |
3,829 |
4,062 |
| Adv.
volume |
1,821,262,089 |
2,287,545,461 |
2,786,982,646 |
| Decl.
volume |
1,674,032,383 |
1,261,047,134 |
801,257,313 |
| Total
volume |
3,536,646,758 |
3,611,184,829 |
3,665,835,999 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,660 |
4,669 |
4,734 |
| Advances |
1,954 |
2,751 |
2,653 |
| Declines |
2,512 |
1,712 |
1,781 |
| Unchanged |
194 |
206 |
300 |
| New
highs |
74 |
80 |
71 |
| New
lows |
152 |
170 |
120 |
| Closing
Arms (TRIN)† |
0.81 |
0.68 |
0.80 |
| Block
trades |
36,897 |
36,507 |
35,754 |
| Adv.
volume |
2,344,312,231 |
3,360,028,993 |
3,009,483,222 |
| Decl.
volume |
2,455,143,937 |
1,416,615,050 |
1,611,058,957 |
| Total
volume |
4,851,816,227 |
4,823,182,434 |
4,676,966,194 |
|
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
|
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
|
|
| |
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 year’s 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.
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,131 |
3,095 |
3,112 |
| Advances |
1,835 |
1,018 |
1,934 |
| Declines |
1,160 |
1,945 |
1,050 |
| Unchanged |
136 |
132 |
128 |
| New
highs |
56 |
46 |
34 |
| New
lows |
39 |
40 |
39 |
| Adv.
volume* |
533,200,795 |
296,675,798 |
565,773,443 |
| Decl.
volume* |
260,157,348 |
478,456,520 |
233,264,873 |
| Total
volume* |
804,775,585 |
790,944,936 |
816,590,143 |
| Closing
Arms (TRIN)† |
0.87 |
0.79 |
0.80 |
| Block
trades* |
3,829 |
3,796 |
3,773 |
| Adv.
volume |
2,287,545,461 |
1,393,795,556 |
2,322,338,997 |
| Decl.
volume |
1,261,047,134 |
2,093,433,591 |
1,014,061,268 |
| Total
volume |
3,611,184,829 |
3,575,696,266 |
3,423,659,343 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,669 |
4,621 |
4,642 |
| Advances |
2,751 |
1,434 |
2,560 |
| Declines |
1,712 |
2,954 |
1,845 |
| Unchanged |
206 |
233 |
237 |
| New
highs |
80 |
71 |
54 |
| New
lows |
170 |
222 |
167 |
| Closing
Arms (TRIN)† |
0.68 |
0.84 |
0.80 |
| Block
trades |
36,507 |
34,284 |
30,358 |
| Adv.
volume |
3,360,028,993 |
1,688,306,366 |
2,708,235,042 |
| Decl.
volume |
1,416,615,050 |
2,919,482,262 |
1,556,463,451 |
| Total
volume |
4,823,182,434 |
4,655,748,770 |
4,334,079,669 |
|
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
|
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
|
|
| |
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
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,095 |
3,107 |
3,121 |
| Advances |
1,018 |
2,130 |
1,625 |
| Declines |
1,945 |
859 |
1,350 |
| Unchanged |
132 |
118 |
146 |
| New
highs |
46 |
54 |
34 |
| New
lows |
40 |
31 |
39 |
| Adv.
volume* |
296,675,798 |
600,440,164 |
423,357,457 |
| Decl.
volume* |
478,456,520 |
208,516,100 |
317,050,830 |
| Total
volume* |
790,944,936 |
814,400,596 |
752,879,462 |
| Closing
Arms (TRIN)† |
0.79 |
0.95 |
0.80 |
| Block
trades* |
3,796 |
3,927 |
3,883 |
| Adv.
volume |
1,393,795,556 |
2,584,954,228 |
2,054,964,434 |
| Decl.
volume |
2,093,433,591 |
987,310,647 |
1,367,371,960 |
| Total
volume |
3,575,696,266 |
3,596,593,326 |
3,486,699,828 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,621 |
4,652 |
4,679 |
| Advances |
1,434 |
3,178 |
2,529 |
| Declines |
2,954 |
1,253 |
1,902 |
| Unchanged |
233 |
221 |
248 |
| New
highs |
71 |
86 |
58 |
| New
lows |
222 |
157 |
174 |
| Closing
Arms (TRIN)† |
0.84 |
0.95 |
0.80 |
| Block
trades |
34,284 |
35,708 |
25,410 |
| Adv.
volume |
1,688,306,366 |
3,559,121,426 |
2,380,999,968 |
| Decl.
volume |
2,919,482,262 |
1,337,052,213 |
1,437,945,363 |
| Total
volume |
4,655,748,770 |
4,942,992,222 |
3,862,808,885 |
|
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
|
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
|
===================================================================================
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. |
|
| |
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
|
===================================================================================
Thursday 4/13/2023: 6:15 AM Futures: DJI +9
NASDAQ +25 Data Used 4/12/2023
| |
4 /12/2023
|
|
| |
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.
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,134 |
3,127 |
3,100 |
| Advances |
1,380 |
2,218 |
1,125 |
| Declines |
1,617 |
787 |
1,872 |
| Unchanged |
137 |
122 |
103 |
| New
highs |
57 |
48 |
27 |
| New
lows |
28 |
20 |
51 |
| Adv.
volume* |
286,137,411 |
622,358,855 |
353,135,392 |
| Decl.
volume* |
510,653,671 |
172,006,053 |
542,679,121 |
| Total
volume* |
802,365,338 |
809,976,325 |
906,170,947 |
| Closing
Arms (TRIN)† |
1.44 |
0.81 |
1.04 |
| Block
trades* |
4,019 |
4,062 |
4,211 |
| Adv.
volume |
1,338,696,329 |
2,786,982,646 |
1,425,505,999 |
| Decl.
volume |
2,266,072,503 |
801,257,313 |
2,468,037,854 |
| Total
volume |
3,633,120,885 |
3,665,835,999 |
3,968,023,656 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,760 |
4,734 |
4,635 |
| Advances |
1,666 |
2,653 |
1,463 |
| Declines |
2,818 |
1,781 |
2,961 |
| Unchanged |
276 |
300 |
211 |
| New
highs |
80 |
71 |
53 |
| New
lows |
192 |
120 |
272 |
| Closing
Arms (TRIN)† |
1.19 |
0.80 |
1.11 |
| Block
trades |
35,400 |
35,754 |
28,296 |
| Adv.
volume |
1,609,661,012 |
3,009,483,222 |
1,334,404,295 |
| Decl.
volume |
3,250,559,887 |
1,611,058,957 |
3,000,298,259 |
| Total
volume |
4,909,770,894 |
4,676,966,194 |
4,378,598,260 |
|
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
|
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
|
====================================================================================
Wednesday 4/12/2023:
5:58 AM Futures: DJI +202 NASDAQ +110
Data Used 4/11/2023
| |
4/11/2023
|
|
| |
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?
How can we know what
they intend. But what if they are divided and Powell
shifts his position
accordingly? Or they what if their words simply reflect a desire
to say whatever their
particular audiences want to hear. Better, I think, to watch what
Professionals expect by
using our Closing Power's trend or the candle-sticks' color
in our Tiger charts.
The rise in the markets of late clearly reflected the expectation by
Professionals that the
forces of inflation were moderating and Labor demands were not
getting ahead of
productivity. These expectations appear to have been born out.
Now we have new
concerns besides interest rates. Bloomberg reports that
the banks have lost a
half trillion in deposits from a year ago and that national
"money
supply" has dropped sharply. Will the market continue to rally in the
face of these worries
and the risk of a government debt default this Summer?
Again, it's asking a
lot of Professionals to correctly predict the profits' and ecoomic
outcome ahead.
But Closing Power and the NYSE A/D Line are our best predictors
and they are rising
very nicely.
The market, as measured
by the major market ETFs and indexes, keeps rallying.
Clearly, the bulls and
:Professionals" believe a "soft landing" is likely and rates
will not shoot up to 6%
anytime soon. What the Closing Powers show now is
potentially very
bullish if the DJI can get past the 34300 resistance. Our technical
studies offer numerous
cases where very unusual Closing Power strength, like we
see now now in DIA,
SPY, QQQ and TECL, despite the overhead resistance
against a backdrop of
lower openings is very often the sign of a new bull market.
Close out the FAZ long.
Hold the weakest regional banks short. Buy SOXL.
Watch FAS, the 3x
leveraged financial ETF. It is on the verge of moving up
past its most recent
highs, whereupon it should try to close the big gap down
that occurred as the
Silicon Valley Bank failure frightened the market. I would
close out FAZ and be
prepared to buy FAS on a move above 61. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,127 |
3,112 |
3,123 |
| Advances |
2,218 |
1,934 |
911 |
| Declines |
787 |
1,050 |
2,087 |
| Unchanged |
122 |
128 |
125 |
| New
highs |
48 |
34 |
48 |
| New
lows |
20 |
39 |
39 |
| Adv.
volume* |
622,358,855 |
565,773,443 |
258,113,620 |
| Decl.
volume* |
172,006,053 |
233,264,873 |
646,934,295 |
| Total
volume* |
809,976,325 |
816,590,143 |
912,176,579 |
| Closing
Arms (TRIN)† |
0.81 |
0.80 |
0.94 |
| Block
trades* |
4,062 |
3,773 |
4,473 |
| Adv.
volume |
2,786,982,646 |
2,322,338,997 |
1,326,085,898 |
| Decl.
volume |
801,257,313 |
1,014,061,268 |
2,865,893,913 |
| Total
volume |
3,665,835,999 |
3,423,659,343 |
4,227,803,625 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,734 |
4,642 |
4,682 |
| Advances |
2,653 |
2,560 |
1,374 |
| Declines |
1,781 |
1,845 |
3,114 |
| Unchanged |
300 |
237 |
194 |
| New
highs |
71 |
54 |
82 |
| New
lows |
120 |
167 |
233 |
| Closing
Arms (TRIN)† |
0.80 |
0.80 |
1.05 |
| Block
trades |
35,754 |
30,358 |
27,428 |
| Adv.
volume |
3,009,483,222 |
2,708,235,042 |
1,253,067,813 |
| Decl.
volume |
1,611,058,957 |
1,556,463,451 |
2,991,544,420 |
| Total
volume |
4,676,966,194 |
4,334,079,669 |
4,298,768,767 |
|
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
|
====================================================================================
Tuesday 4/11/2023: 6:15 AM Futures: DJI +15 NASDAQ -29 Data Used 4/10/2023
| |
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,112 |
3,121 |
3,134 |
| Advances |
1,934 |
1,625 |
1,548 |
| Declines |
1,050 |
1,350 |
1,481 |
| Unchanged |
128 |
146 |
105 |
| New
highs |
34 |
34 |
58 |
| New
lows |
39 |
39 |
11 |
| Adv.
volume* |
565,773,443 |
423,357,457 |
492,784,737 |
| Decl.
volume* |
233,264,873 |
317,050,830 |
436,059,060 |
| Total
volume* |
816,590,143 |
752,879,462 |
940,718,545 |
| Closing
Arms (TRIN)† |
0.80 |
0.80 |
0.91 |
| Block
trades* |
3,773 |
3,883 |
4,444 |
| Adv.
volume |
2,322,338,997 |
2,054,964,434 |
2,238,539,743 |
| Decl.
volume |
1,014,061,268 |
1,367,371,960 |
1,939,208,341 |
| Total
volume |
3,423,659,343 |
3,486,699,828 |
4,234,700,104 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,642 |
4,679 |
4,722 |
| Advances |
2,560 |
2,529 |
2,124 |
| Declines |
1,845 |
1,902 |
2,374 |
| Unchanged |
237 |
248 |
224 |
| New
highs |
54 |
58 |
93 |
| New
lows |
167 |
174 |
130 |
| Closing
Arms (TRIN)† |
0.80 |
0.80 |
1.56 |
| Block
trades |
30,358 |
25,410 |
38,020 |
| Adv.
volume |
2,708,235,042 |
2,380,999,968 |
1,734,044,333 |
| Decl.
volume |
1,556,463,451 |
1,437,945,363 |
3,030,582,910 |
| Total
volume |
4,334,079,669 |
3,862,808,885 |
4,816,443,796 |
|
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
|
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
|
====================================================================================
Monday 4/10/2023: 5:20 AM Futures: DJI -30 NASDAQ -82 Data Used 4/6/2023
| |
4/6/2023
|
|
| |
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..
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,121 |
3,100 |
3,112 |
| Advances |
1,625 |
1,125 |
2,096 |
| Declines |
1,350 |
1,872 |
924 |
| Unchanged |
146 |
103 |
92 |
| New
highs |
34 |
27 |
44 |
| New
lows |
39 |
51 |
16 |
| Adv.
volume* |
423,357,457 |
353,135,392 |
528,118,888 |
| Decl.
volume* |
317,050,830 |
542,679,121 |
262,100,656 |
| Total
volume* |
752,879,462 |
906,170,947 |
796,836,328 |
| Closing
Arms (TRIN)† |
0.80 |
1.04 |
1.09 |
| Block
trades* |
3,883 |
4,211 |
4,142 |
| Adv.
volume |
2,054,964,434 |
1,425,505,999 |
2,630,491,036 |
| Decl.
volume |
1,367,371,960 |
2,468,037,854 |
1,268,992,220 |
| Total
volume |
3,486,699,828 |
3,968,023,656 |
3,930,865,429 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,679 |
4,635 |
4,630 |
| Advances |
2,529 |
1,463 |
2,380 |
| Declines |
1,902 |
2,961 |
2,051 |
| Unchanged |
248 |
211 |
199 |
| New
highs |
58 |
53 |
75 |
| New
lows |
174 |
272 |
153 |
| Closing
Arms (TRIN)† |
0.80 |
1.11 |
0.80 |
| Block
trades |
25,410 |
28,296 |
38,009 |
| Adv.
volume |
2,380,999,968 |
1,334,404,295 |
2,778,645,451 |
| Decl.
volume |
1,437,945,363 |
3,000,298,259 |
1,914,835,135 |
| Total
volume |
3,862,808,885 |
4,378,598,260 |
4,738,884,353 |
|
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
|
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
|
====================================================================================
Thursday
4/6/2023: 5:35 AM Futures: DJI +14 NASDAQ -41 Data Used 4/5/2023
| |
|
|
| |
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.
|
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,100 |
3,123 |
3,127 |
| Advances |
1,125 |
911 |
2,389 |
| Declines |
1,872 |
2,087 |
635 |
| Unchanged |
103 |
125 |
103 |
| New
highs |
27 |
48 |
41 |
| New
lows |
51 |
39 |
20 |
| Adv.
volume* |
353,135,392 |
258,113,620 |
765,954,200 |
| Decl.
volume* |
542,679,121 |
646,934,295 |
119,435,289 |
| Total
volume* |
906,170,947 |
912,176,579 |
892,340,980 |
| Closing
Arms (TRIN)† |
1.04 |
0.94 |
0.63 |
| Block
trades* |
4,211 |
4,473 |
4,370 |
| Adv.
volume |
1,425,505,999 |
1,326,085,898 |
3,528,207,127 |
| Decl.
volume |
2,468,037,854 |
2,865,893,913 |
588,148,294 |
| Total
volume |
3,968,023,656 |
4,227,803,625 |
4,145,256,202 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,635 |
4,682 |
4,700 |
| Advances |
1,463 |
1,374 |
3,044 |
| Declines |
2,961 |
3,114 |
1,443 |
| Unchanged |
211 |
194 |
213 |
| New
highs |
53 |
82 |
68 |
| New
lows |
272 |
233 |
143 |
| Closing
Arms (TRIN)† |
1.11 |
1.05 |
0.33 |
| Block
trades |
28,296 |
27,428 |
33,583 |
| Adv.
volume |
1,334,404,295 |
1,253,067,813 |
3,845,388,807 |
| Decl.
volume |
3,000,298,259 |
2,991,544,420 |
594,341,468 |
| Total
volume |
4,378,598,260 |
4,298,768,767 |
4,493,545,035 |
|
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
|
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
=====
|
====================================================================================
Wednesday 4/5/2023: 5:15 AM Futures: DJI -12 NASDAQ
-7 Data Used 4/4/2023
| |
4/4/2023
|
|
| |
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.
|
|
| |
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
 |
Still Bullish Internals for TECL
 |
SOXL is weakening. Avoid.
 |
Bank stocks look like shorts.
 |
Buy FAZ as a hedge for QQQ or TECL.
 |
Gold is being bought as a hedge against more financial panic.
 |
SLV could be starting a run to 30, but JPM is known to short this
to bring it back down in consultation with FED.
 |
Weakness in Dollar reflects expectation of higher gold prices
and FED not raising rates more, one of whose consequences
is to strengthn Dollar.
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,123 |
3,134 |
3,120 |
| Advances |
911 |
1,548 |
1,790 |
| Declines |
2,087 |
1,481 |
1,200 |
| Unchanged |
125 |
105 |
130 |
| New
highs |
48 |
58 |
27 |
| New
lows |
39 |
11 |
50 |
| Adv.
volume* |
258,113,620 |
492,784,737 |
501,895,077 |
| Decl.
volume* |
646,934,295 |
436,059,060 |
281,187,913 |
| Total
volume* |
912,176,579 |
940,718,545 |
791,396,707 |
| Closing
Arms (TRIN)† |
0.94 |
0.91 |
0.75 |
| Block
trades* |
4,473 |
4,444 |
4,362 |
| Adv.
volume |
1,326,085,898 |
2,238,539,743 |
2,655,927,953 |
| Decl.
volume |
2,865,893,913 |
1,939,208,341 |
1,326,672,814 |
| Total
volume |
4,227,803,625 |
4,234,700,104 |
4,014,608,229 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,682 |
4,722 |
4,678 |
| Advances |
1,374 |
2,124 |
1,947 |
| Declines |
3,114 |
2,374 |
2,516 |
| Unchanged |
194 |
224 |
215 |
| New
highs |
82 |
93 |
43 |
| New
lows |
233 |
130 |
147 |
| Closing
Arms (TRIN)† |
1.05 |
1.56 |
1.44 |
| Block
trades |
27,428 |
38,020 |
29,850 |
| Adv.
volume |
1,253,067,813 |
1,734,044,333 |
1,401,831,304 |
| Decl.
volume |
2,991,544,420 |
3,030,582,910 |
2,606,464,774 |
| Total
volume |
4,298,768,767 |
4,816,443,796 |
4,036,916,842 |
|
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
|
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
|
====================================================================================
Tuesday 4/4/2023: 5:55 AM Futures: DJI +24 NASDAQ +33
Data Used 4/3/2023
| |
4-3-2023
|
|
| |
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. |
|
| |
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
|
|
 |
 |
 ---------------------------------------------------------------------------------------------------------------------------
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,134 |
3,104 |
3,137 |
| Advances |
1,548 |
2,506 |
2,235 |
| Declines |
1,481 |
506 |
787 |
| Unchanged |
105 |
92 |
115 |
| New
highs |
58 |
64 |
34 |
| New
lows |
11 |
19 |
34 |
| Adv.
volume* |
492,784,737 |
965,090,955 |
690,906,576 |
| Decl.
volume* |
436,059,060 |
172,727,075 |
197,460,300 |
| Total
volume* |
940,718,545 |
1,154,381,937 |
904,402,261 |
| Closing
Arms (TRIN)† |
0.91 |
1.10 |
0.84 |
| Block
trades* |
4,444 |
5,020 |
4,233 |
| Adv.
volume |
2,238,539,743 |
3,649,452,174 |
3,200,264,369 |
| Decl.
volume |
1,939,208,341 |
809,243,166 |
950,586,338 |
| Total
volume |
4,234,700,104 |
4,525,122,338 |
4,233,540,874 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,722 |
4,652 |
4,718 |
| Advances |
2,124 |
3,151 |
2,648 |
| Declines |
2,374 |
1,298 |
1,832 |
| Unchanged |
224 |
203 |
238 |
| New
highs |
93 |
95 |
63 |
| New
lows |
130 |
142 |
147 |
| Closing
Arms (TRIN)† |
1.56 |
0.72 |
1.86 |
| Block
trades |
38,020 |
45,346 |
31,362 |
| Adv.
volume |
1,734,044,333 |
4,222,185,793 |
1,867,148,229 |
| Decl.
volume |
3,030,582,910 |
1,244,925,842 |
2,408,885,349 |
| Total
volume |
4,816,443,796 |
5,521,158,462 |
4,330,326,796 |
|
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
|
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
|
====================================================================================
Monday 4/3/2023: 1:40 AM Futures: DJI +68 NASDAQ
-97 Data Used 3/31/2023
| |
3/31/2023
|
|
| |
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. |
|
| |
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
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,104 |
3,112 |
3,121 |
| Advances |
2,506 |
2,096 |
1,863 |
| Declines |
506 |
924 |
1,134 |
| Unchanged |
92 |
92 |
124 |
| New
highs |
64 |
44 |
23 |
| New
lows |
19 |
16 |
260 |
| Adv.
volume* |
965,090,955 |
528,118,888 |
625,603,537 |
| Decl.
volume* |
172,727,075 |
262,100,656 |
327,262,952 |
| Total
volume* |
1,154,381,937 |
796,836,328 |
970,636,038 |
| Closing
Arms (TRIN)† |
1.10 |
1.09 |
0.99 |
| Block
trades* |
5,020 |
4,142 |
4,487 |
| Adv.
volume |
3,649,452,174 |
2,630,491,036 |
2,796,189,248 |
| Decl.
volume |
809,243,166 |
1,268,992,220 |
1,680,272,501 |
| Total
volume |
4,525,122,338 |
3,930,865,429 |
4,583,971,376 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,652 |
4,630 |
4,647 |
| Advances |
3,151 |
2,380 |
2,458 |
| Declines |
1,298 |
2,051 |
1,952 |
| Unchanged |
203 |
199 |
237 |
| New
highs |
95 |
75 |
42 |
| New
lows |
142 |
153 |
333 |
| Closing
Arms (TRIN)† |
0.72 |
0.80 |
1.14 |
| Block
trades |
45,346 |
38,009 |
27,865 |
| Adv.
volume |
4,222,185,793 |
2,778,645,451 |
2,210,395,156 |
| Decl.
volume |
1,244,925,842 |
1,914,835,135 |
2,009,004,403 |
| Total
volume |
5,521,158,462 |
4,738,884,353 |
4,363,658,173 |
|
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
|
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
|
====================================================================================
Friday 3/31/2023: 5:50 AM Futures: DJI +123 NASDAQ +29 Data Used
3/30/2023
| |
3/30/2023
|
|
| |
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. |
|
| |
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.
 |
NASDAQ is outperforming DJI by 10.9% over last 50 trading days
 |
Breakout here would be bullish.
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,112 |
3,127 |
3,136 |
| Advances |
2,096 |
2,389 |
1,080 |
| Declines |
924 |
635 |
1,931 |
| Unchanged |
92 |
103 |
125 |
| New
highs |
44 |
41 |
31 |
| New
lows |
16 |
20 |
212 |
| Adv.
volume* |
528,118,888 |
765,954,200 |
365,244,514 |
| Decl.
volume* |
262,100,656 |
119,435,289 |
694,836,983 |
| Total
volume* |
796,836,328 |
892,340,980 |
1,067,623,416 |
| Closing
Arms (TRIN)† |
1.09 |
0.63 |
0.94 |
| Block
trades* |
4,142 |
4,370 |
4,968 |
| Adv.
volume |
2,630,491,036 |
3,528,207,127 |
1,846,853,338 |
| Decl.
volume |
1,268,992,220 |
588,148,294 |
3,110,729,359 |
| Total
volume |
3,930,865,429 |
4,145,256,202 |
4,991,607,675 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,630 |
4,700 |
4,648 |
| Advances |
2,380 |
3,044 |
2,117 |
| Declines |
2,051 |
1,443 |
2,326 |
| Unchanged |
199 |
213 |
205 |
| New
highs |
75 |
68 |
57 |
| New
lows |
153 |
143 |
314 |
| Closing
Arms (TRIN)† |
0.80 |
0.33 |
0.79 |
| Block
trades |
38,009 |
33,583 |
32,908 |
| Adv.
volume |
2,778,645,451 |
3,845,388,807 |
2,597,768,328 |
| Decl.
volume |
1,914,835,135 |
594,341,468 |
2,254,885,764 |
| Total
volume |
4,738,884,353 |
4,493,545,035 |
4,917,466,613 |
|
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
|
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
|
====================================================================================
Thursday 3/30/2023: 5:42 AM Futures: DJI +182 NASDAQ +73 Data Used
3/29/2023
| |
3/29/2023
|
|
| |
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%. |
|
| |
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 |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,127 |
3,120 |
3,131 |
| Advances |
2,389 |
1,790 |
768 |
| Declines |
635 |
1,200 |
2,249 |
| Unchanged |
103 |
130 |
114 |
| New
highs |
41 |
27 |
28 |
| New
lows |
20 |
50 |
102 |
| Adv.
volume* |
765,954,200 |
501,895,077 |
101,874,758 |
| Decl.
volume* |
119,435,289 |
281,187,913 |
889,165,952 |
| Total
volume* |
892,340,980 |
791,396,707 |
999,211,770 |
| Closing
Arms (TRIN)† |
0.63 |
0.75 |
2.06 |
| Block
trades* |
4,370 |
4,362 |
4,730 |
| Adv.
volume |
3,528,207,127 |
2,655,927,953 |
637,823,546 |
| Decl.
volume |
588,148,294 |
1,326,672,814 |
3,847,219,253 |
| Total
volume |
4,145,256,202 |
4,014,608,229 |
4,533,010,566 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,700 |
4,678 |
4,697 |
| Advances |
3,044 |
1,947 |
1,282 |
| Declines |
1,443 |
2,516 |
3,229 |
| Unchanged |
213 |
215 |
186 |
| New
highs |
68 |
43 |
49 |
| New
lows |
143 |
147 |
189 |
| Closing
Arms (TRIN)† |
0.33 |
1.44 |
1.62 |
| Block
trades |
33,583 |
29,850 |
33,727 |
| Adv.
volume |
3,845,388,807 |
1,401,831,304 |
976,225,490 |
| Decl.
volume |
594,341,468 |
2,606,464,774 |
3,983,755,897 |
| Total
volume |
4,493,545,035 |
4,036,916,842 |
4,981,596,179 |
|
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
|
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
|
====================================================================================
Wednesday 3/29/2023: 6:00 AM Futures: DJI +211 NASDAQ +110 Data Used
3/28/2023
| |
3/28/2023
|
|
| |
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. |
|
| |
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
|
|
 |
 |
 |
 |
 |
|
 |
 |
 |
 |
| Very Big Gains on Optimized Best Trading Systems |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,120 |
3,137 |
3,154 |
| Advances |
1,790 |
2,235 |
2,392 |
| Declines |
1,200 |
787 |
679 |
| Unchanged |
130 |
115 |
83 |
| New
highs |
27 |
34 |
25 |
| New
lows |
50 |
34 |
44 |
| Adv.
volume* |
501,895,077 |
690,906,576 |
923,905,435 |
| Decl.
volume* |
281,187,913 |
197,460,300 |
190,522,064 |
| Total
volume* |
791,396,707 |
904,402,261 |
1,137,673,830 |
| Closing
Arms (TRIN)† |
0.75 |
0.84 |
0.65 |
| Block
trades* |
4,362 |
4,233 |
4,887 |
| Adv.
volume |
2,655,927,953 |
3,200,264,369 |
4,074,288,678 |
| Decl.
volume |
1,326,672,814 |
950,586,338 |
748,338,255 |
| Total
volume |
4,014,608,229 |
4,233,540,874 |
4,920,242,915 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,678 |
4,718 |
4,728 |
| Advances |
1,947 |
2,648 |
3,311 |
| Declines |
2,516 |
1,832 |
1,211 |
| Unchanged |
215 |
238 |
206 |
| New
highs |
43 |
63 |
60 |
| New
lows |
147 |
147 |
127 |
| Closing
Arms (TRIN)† |
1.44 |
1.86 |
0.71 |
| Block
trades |
29,850 |
31,362 |
29,862 |
| Adv.
volume |
1,401,831,304 |
1,867,148,229 |
3,807,929,529 |
| Decl.
volume |
2,606,464,774 |
2,408,885,349 |
991,239,844 |
| Total
volume |
4,036,916,842 |
4,330,326,796 |
4,829,875,146 |
|
Table 2 QUICKSILVER on ETFS - 3/28/2023 ---
Bullish = 2 TECL(+.376), SOXL (+.285)
Bearish = 2 FAS (-.394), RETL (-.389)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 323.81 -.5 320.18 -28% Bearish RED .03 ---- ----
---------------------------------------------------------------------------------------------
COMPQX 11716.08 -52.76 11669.96 -61.1% ------- RED .036 .114 .15
---------------------------------------------------------------------------------------------
SPY 395.6 -.89 392.11 -41.9% ------- RED .037 .049 .086
---------------------------------------------------------------------------------------------
QQQ 307.12 -1.64 306.12 -52.1% ------- RED .065 .149 .214
---------------------------------------------------------------------------------------------
MDY 443.65 .79 436.88 -52.6% Bearish BLUE -.129 -.001 -.13
---------------------------------------------------------------------------------------------
IWM 173.45 -.25 171.64 -92.6% Bearish BLUE -.163 -.017 -.18
---------------------------------------------------------------------------------------------
FAS 53.91 -.1 53.16 -304.9% Bearish BLUE -.078 -.316 -.394
---------------------------------------------------------------------------------------------
RETL 6.6 .17 6.53 -184.7% Bearish BLUE -.182 -.207 -.389
---------------------------------------------------------------------------------------------
SOXL 15.63 -.34 16.24 -313.5% ------- RED .022 .263 .285
---------------------------------------------------------------------------------------------
TECL 32.48 -.48 31.94 -68.1% ------- RED .033 .343 .376
---------------------------------------------------------------------------------------------
IBB 126.06 .03 123.3 2.4% Bearish ---- .032 -.019 .013
---------------------------------------------------------------------------------------------
GLD 183.44 1.49 183.44 83.9% Bullish BLUE .162 .082 .244
---------------------------------------------------------------------------------------------
DBO 14.23 .09 13.63 237.6% Bullish BLUE .241 -.015 .226
---------------------------------------------------------------------------------------------
OIH 275.07 6.45 265.76 -3.4% ------- BLUE -.069 -.105 -.174
---------------------------------------------------------------------------------------------
CPER 24.87 -.11 24.66 80.7% Bullish ---- .214 .029 .243
---------------------------------------------------------------------------------------------
TAN 72.56 -.36 72.49 -103.8% Bearish RED .079 -.056 .023
---------------------------------------------------------------------------------------------
UUP 27.84 -.1 27.82 -34% Bearish ---- -.096 .07 -.026
---------------------------------------------------------------------------------------------
CORN 25.29 .04 24.46 155.9% Bullish RED -.057 .006 -.051
---------------------------------------------------------------------------------------------
WEAT 7.12 .02 6.75 166.7% Bullish ---- -.07 .004 -.066
---------------------------------------------------------------------------------------------
YINN 46.88 5.06 41.21 691.2% ------- BLUE .037 -.232 -.195
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/28/23
Bullish = 6
Bearish = 42
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
GOLD .847 .739 .695 .673 .586 .413
BEVERAGE .714 .714 .714 .571 .571 .642
HOMEBLDG .666 .666 .666 .666 .611 .666
NIFTY .636 .681 .681 .636 .59 .727
GAMING .631 .578 .473 .473 .473 .578
NASD-100 .56 .56 .58 .55 .52 .6
=====
=============================================================================================
SEMI .5 .542 .563 .606 .553 .617
=============================================================================================
SOFTWARE .482 .535 .482 .446 .428 .517
ELECTRON .451 .488 .488 .503 .481 .533
HACKERS .437 .5 .5 .5 .375 .562
COMODITY .435 .435 .384 .41 .41 .256
HIGHPRIC .432 .437 .428 .385 .385 .48
COPPER .428 .428 .285 .285 .285 .285
MILITARY .423 .423 .307 .23 .269 .461
FOOD .408 .408 .346 .367 .367 .285
COMPUTER .4 .45 .45 .45 .4 .55
GUNS .357 .357 .285 .214 .214 .428
HOSPITAL .357 .357 .214 .214 .285 .357
RETAIL .34 .297 .276 .234 .255 .319
ETFS .327 .309 .218 .29 .236 .236
INDMATER .305 .277 .222 .208 .222 .277
DOWJONES .3 .333 .3 .233 .233 .333
=====
RUS-1000 .285 .268 .257 .23 .23 .318
AUTO .283 .226 .169 .188 .188 .283
GREEN .277 .277 .277 .277 .277 .333
INDEXES .275 .27 .297 .302 .286 .335
SP500 .273 .258 .256 .219 .217 .308
======
BIOTECH .27 .262 .259 .248 .243 .276
FIDSTKS .254 .278 .266 .23 .224 .325
SP-100 .244 .277 .255 .222 .188 .3
INFRA .242 .212 .181 .181 .212 .212
DJI-13 .23 .23 .23 .153 .153 .153
UTILITY .21 .21 .184 .078 .078 .157
TRANSP .21 .21 .105 .105 .105 .21
CHEM .209 .186 .139 .116 .093 .186
LOWPRICE .206 .209 .206 .18 .203 .197
OILGAS .2 .123 .104 .114 .133 .171
BONDFUND .195 .183 .206 .172 .183 .114
SOLAR .187 .187 .187 .187 .25 .312
CHINA .159 .181 .204 .204 .204 .181
JETS .153 .076 0 0 0 0
INSURANC .12 .12 .12 .08 .08 .12
MARIJUAN .1 .1 0 0 .2 .2
REIT .1 .107 .115 .084 .084 .138
FINANCE .062 .062 .075 .075 .075 .125
REGBANKS .024 0 0 0 0 .024
BIGBANKS 0 0 0 0 0 0
COAL 0 0 0 0 0 .166
EDU 0 .333 0 0 0 .166
|
==============================================================================
Tuesday 3/28/2023: 6:00 AM
Futures: DJI -3 NASDAQ -4 Data Used
3/27/2023
| |
3/27/2023
|
|
| |
Sell S10 -
Still in place. A/D Line remains in downtrend. Only 33% of DJI-30
stocks are above their
65-dma. And new lows widely outnumber new highs,
The DJI is rallying up into
heavy resistance.
The big banks rebounded today
as depositors decided their size woould make them
too big to fail. At
least, more so than certain regional banks, shown among our
MINCPs, which fell again
today. Good breadth carried the NASDAQ up to its
year-long resistance line.
Meanwhile the DJI has arrived back at its 21-day ma,
a reliable barrier for the
past two month. At this point the SP-500 and SPY look
becalmed and in need of a
catalyst to make it move. SPY is sitting on its flat 65-dma.
Its Closing Power is neutral.
Its OBV has not broken out. At this point, SPY has
pulled back to its rising
Relative Strength Line. With its volume shrinking, it is not
clear what will propel it
higher.
Volume remains low. So,
it will be difficult to the DJI to rally. Moreover, a move up
to its falling 65-dma which
fails, will probably bring a decline to 30,000. FAZ is
still in an uptrend with
support at 22.5. SOXL seems to have stalled out. Its IP21
is now negative. So, it
should be sold.
I have posted the charts we
show each night in the candle-stick format. This
allows you to see a histogram
of volume at the bottom along with its OBV
line. Today, I put in
the Red Sells and Green Buys based on the optimized
best system. Treat
these as tools not reason to take a position. They work best
when they occur along with
trend changes of our other indicators, especially
Closing Power. What
strikes me is how well the best systems' Buys
and Sells work with leveraged
ETFs. The results shown cover the last year's
results, long and short.
BLDP's Buys and Sells
gained a whopping 447%
this past year, NRGU
+357%. RETL+392% and LABD+375%. More on
this tomorrow. I willl
post this update on our ESP Page in a day or two. |
|
| |
Charts - 3/27/2023
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 Bnnls
Russell-1000
Semi Conductors
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90327.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/3-27-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-27-2023/BEARISH.htm |
|
 |
Optimized Buys and Sells
now appear on our candle-stick charts
DIA is now at its flat 21-dma with a
Closing Power still below its 21-dma
 |
NASDAQ has reached falling
resistance line.
Relative Strength and OBV are rising but IP21
is lagging and negative, thereby
showing overhead resistance still needs to be
eaten up.
 |
SPY is sitting on its flat 65-dma. Its Closing Power is neutral. Its OBV has not
broken out.
SPY has pul;l;ed back to its rising Relative Strength Line. With its
volume shrinking,
we must just wait on events.
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,137 |
3,121 |
3,140 |
| Advances |
2,235 |
1,863 |
1,858 |
| Declines |
787 |
1,134 |
1,190 |
| Unchanged |
115 |
124 |
92 |
| New
highs |
34 |
23 |
21 |
| New
lows |
34 |
260 |
134 |
| Adv.
volume* |
690,906,576 |
625,603,537 |
850,309,125 |
| Decl.
volume* |
197,460,300 |
327,262,952 |
357,125,592 |
| Total
volume* |
904,402,261 |
970,636,038 |
1,220,450,945 |
| Closing
Arms (TRIN)† |
0.84 |
0.99 |
0.95 |
| Block
trades* |
4,233 |
4,487 |
5,273 |
| Adv.
volume |
3,200,264,369 |
2,796,189,248 |
3,279,164,853 |
| Decl.
volume |
950,586,338 |
1,680,272,501 |
2,004,732,302 |
| Total
volume |
4,233,540,874 |
4,583,971,376 |
5,347,142,486 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,718 |
4,647 |
4,692 |
| Advances |
2,648 |
2,458 |
2,296 |
| Declines |
1,832 |
1,952 |
2,214 |
| Unchanged |
238 |
237 |
182 |
| New
highs |
63 |
42 |
39 |
| New
lows |
147 |
333 |
314 |
| Closing
Arms (TRIN)† |
1.86 |
1.14 |
0.95 |
| Block
trades |
31,362 |
27,865 |
33,460 |
| Adv.
volume |
1,867,148,229 |
2,210,395,156 |
2,582,434,159 |
| Decl.
volume |
2,408,885,349 |
2,009,004,403 |
2,353,818,911 |
| Total
volume |
4,330,326,796 |
4,363,658,173 |
4,970,631,173 |
|
Table 2 QUICKSILVER on ETFS - 3/27/2023 ---
Bullish = 3 TECL(+.368), SOXL (+.264) CPER (.309)
Bearish = 3 FAS (-.402), RETL (-.424), YINN (-.288)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 324.31 1.99 325.62 31.2% ------- RED .022 0 . 022
---------------------------------------------------------------------------------------------
COMPQX 11768.84 -55.12 11860.11 39.7% ------- RED -.004 .122 .118
---------------------------------------------------------------------------------------------
SPY 396.49 .74 398.91 34.8% ------- RED .008 .051 .059
---------------------------------------------------------------------------------------------
QQQ 308.76 -2.13 310.34 45.2% Bullish RED .031 .158 .189
---------------------------------------------------------------------------------------------
MDY 442.86 4.39 448.28 29.4% Bearish RED -.147 -.003 -.15
---------------------------------------------------------------------------------------------
IWM 173.7 1.91 176.65 7.2% Bearish RED -.171 -.014 -.185
---------------------------------------------------------------------------------------------
FAS 54.01 2.16 57.18 66.4% Bearish RED -.095 -.307 -.402
---------------------------------------------------------------------------------------------
RETL 6.43 .05 6.84 -69.1% Bearish RED -.197 -.227 -.424
---------------------------------------------------------------------------------------------
SOXL 15.97 -.6 16.67 -191.4% ------- RED -.033 .297 .264
---------------------------------------------------------------------------------------------
TECL 32.96 -.77 32.93 108% Bullish RED 0 .368 .368
---------------------------------------------------------------------------------------------
IBB 126.03 .16 126 7.2% Bearish RED .012 -.015 -.003
---------------------------------------------------------------------------------------------
GLD 181.95 -1.7 180.37 -51.5% Bullish BLUE .148 .082 .23
---------------------------------------------------------------------------------------------
DBO 14.14 .61 13.58 303.3% Bullish BLUE .231 -.01 .221
---------------------------------------------------------------------------------------------
OIH 268.62 11.24 275.25 59.9% ------- BLUE -.083 -.123 -.206
---------------------------------------------------------------------------------------------
CPER 24.98 .14 24.47 164.5% Bullish BLUE .268 .041 .309
---------------------------------------------------------------------------------------------
TAN 72.92 -.06 74.08 165.7% ------- RED .098 -.056 .042
---------------------------------------------------------------------------------------------
UUP 27.94 -.09 28.03 -17.9% Bearish ---- -.076 .068 -.008
---------------------------------------------------------------------------------------------
CORN 25.25 .38 24.52 101.6% Bullish BLUE -.083 .005 -.078
---------------------------------------------------------------------------------------------
WEAT 7.1 .07 6.89 43.6% Bullish BLUE -.095 -.004 -.099
---------------------------------------------------------------------------------------------
YINN 41.82 -2.88 40.97 281.5% ------- RED -.001 -.287 -.288
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/27/23
BULLISH = 8
BEARISH = 40
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
GOLD .739 .695 .673 .586 .413 .63
BEVERAGE .714 .714 .571 .571 .571 .5
NIFTY .681 .681 .636 .59 .727 .659
HOMEBLDG .666 .666 .666 .611 .666 .555
GAMING .578 .473 .421 .526 .578 .578
NASD-100 .56 .58 .55 .52 .6 .53
=====
SEMI .542 .563 .606 .553 .606 .563
SOFTWARE .535 .5 .446 .428 .517 .5
===========================================================================================
HACKERS .5 .5 .5 .375 .562 .5
===========================================================================================
ELECTRON .488 .488 .503 .481 .526 .511
COMPUTER .45 .45 .45 .4 .6 .45
HIGHPRIC .437 .428 .385 .385 .48 .398
COMODITY .435 .41 .384 .41 .282 .282
COPPER .428 .285 .285 .285 .428 .142
MILITARY .423 .307 .23 .269 .461 .384
FOOD .408 .367 .346 .367 .285 .306
GUNS .357 .285 .214 .214 .428 .357
HOSPITAL .357 .214 .214 .285 .357 .357
DOWJONES .333 .3 .233 .233 .333 .233
======
EDU .333 0 0 0 .166 0
ETFS .309 .218 .29 .236 .272 .163
RETAIL .297 .276 .234 .255 .297 .297
FIDSTKS .278 .266 .23 .224 .319 .266
GREEN .277 .277 .277 .277 .333 .333
INDMATER .277 .222 .208 .222 .277 .194
SP-100 .277 .255 .222 .188 .288 .233
INDEXES .27 .297 .302 .286 .335 .286
RUS-1000 .268 .257 .23 .23 .318 .258
======
BIOTECH .258 .255 .25 .241 .278 .244
SP500 .258 .256 .221 .213 .308 .26
======
DJI-13 .23 .23 .153 .153 .153 .153
AUTO .226 .188 .188 .188 .283 .169
INFRA .212 .181 .181 .212 .212 .181
UTILITY .21 .184 .078 .078 .157 .342
TRANSP .21 .105 .105 .105 .21 .105
LOWPRICE .209 .209 .183 .203 .2 .191
SOLAR .187 .187 .187 .25 .312 .187
CHEM .186 .139 .116 .093 .186 .139
BONDFUND .183 .206 .172 .183 .126 .172
CHINA .181 .204 .204 .204 .181 .181
OILGAS .123 .104 .114 .133 .18 .104
INSURANC .12 .12 .08 .08 .12 .12
REIT .107 .107 .092 .092 .123 .146
MARIJUAN .1 0 0 .2 .2 .2
JETS .076 0 0 0 0 0
FINANCE .062 .075 .075 .062 .125 .087
BIGBANKS 0 0 0 0 0 0
COAL 0 0 0 0 .166 0
REGBANKS 0 0 0 0 .024 0
|
=====================================================================================
Monday 3/27/2023: 4:06 AM
Futures: DJI +180 NASDAQ +34
Data Used 3/24/2023
| |
3/24/2023
|
|
| |
Pretty
sneaky, rallying the market in the afternoon on Friday when a lot
of traders wanted to go
into the weekend flat so they can better assess
the market. While
April is a a decidely bullish month in the third
years of the four-year
Presidential cycle, there still appears to be lots of
overhead resistance and
bull markets just don't start while the FED is still
raising rates.
Still, the Closing Powers are now rising for SPY, QQQ,
TECL and SOXL, as well
as the big techs in the SP-500, AAPL and NVDA.
The bulls in these like
the fact that the rate of the Ten-Year bond is close
to making a breakdown
below a 6-month support line. See below.
Meanwhile, the big
banks like BAC and WFC are still falling. This coming
week the FED will be
grilled for not sufficiently doing its regulatory job of
banks whose risk
management skills leave a lot to be desired.
The operative Sell S10
suggests any DJI rally will likely stall out before
it reaches its 65-dma.
So does the prevalence of new lows to new highs:
593 to 65 on NYSE and
NASDAQ and the fact that 75% of all stocks
and ETFs are below the
resistance of their 65-dma.
Look below at the new
format of the candle-stick charts below. See at
the bottom today below
the Relative Strength Line the OBV and volume
histograms. We
want to watch for Relative Strength and OBV trend-changes.
This update - 3-24-2023
- is now available on the ESP page. Be sure
to close all open files
when downloading and opening INSTPEER.exe
here. Note that
you will need to vertically expand the candle-stick charts
as shown on the ESP
Page. Our Tiger Index
of REITs gave a new Buy signal. And one of their leaders,
KRY, shows its Closing
Power was violated to the upside at Ffriday's close.
See below. So, I
would close out our REITs' short sales.
|
|
| |
Charts - 3/24/2023
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 Bnnls
Russell-1000
Semi Conductors
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90324.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 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/3-24-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-24-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,121 |
3,136 |
3,140 |
| Advances |
1,863 |
1,080 |
490 |
| Declines |
1,134 |
1,931 |
2,550 |
| Unchanged |
124 |
125 |
100 |
| New
highs |
23 |
31 |
13 |
| New
lows |
260 |
212 |
199 |
| Adv.
volume* |
625,603,537 |
365,244,514 |
439,011,015 |
| Decl.
volume* |
327,262,952 |
694,836,983 |
3,467,588,531 |
| Total
volume* |
970,636,038 |
1,067,623,416 |
3,917,258,280 |
| Closing
Arms (TRIN)† |
0.99 |
0.94 |
1.25 |
| Block
trades* |
4,487 |
4,968 |
7,253 |
| Adv.
volume |
2,796,189,248 |
1,846,853,338 |
1,245,236,329 |
| Decl.
volume |
1,680,272,501 |
3,110,729,359 |
8,078,464,731 |
| Total
volume |
4,583,971,376 |
4,991,607,675 |
9,354,283,970 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,647 |
4,648 |
4,622 |
| Advances |
2,458 |
2,117 |
1,125 |
| Declines |
1,952 |
2,326 |
3,306 |
| Unchanged |
237 |
205 |
191 |
| New
highs |
42 |
57 |
35 |
| New
lows |
333 |
314 |
340 |
| Closing
Arms (TRIN)† |
1.14 |
0.79 |
0.90 |
| Block
trades |
27,865 |
32,908 |
37,503 |
| Adv.
volume |
2,210,395,156 |
2,597,768,328 |
2,151,583,290 |
| Decl.
volume |
2,009,004,403 |
2,254,885,764 |
5,715,784,814 |
| Total
volume |
4,363,658,173 |
4,917,466,613 |
7,903,099,899 |
|
Table 2 QUICKSILVER on ETFS - 3/24/2023 ---
Bullish = 2 TECL(+.453), SOXL (+.389)
Bearish = 3 FAS (-.423), RETL (-.394), YINN (-.283)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 322.32 1.48 322.3 59.4% Bearish BLUE .035 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 11823.96 36.56 11675.54 82.5% ------- BLUE .03 .133 .163
---------------------------------------------------------------------------------------------
SPY 395.75 2.58 393.74 73.2% ------- BLUE .046 .052 .098
---------------------------------------------------------------------------------------------
QQQ 310.89 1.14 305.97 89.9% ------- BLUE .065 .171 .236
---------------------------------------------------------------------------------------------
MDY 438.47 3.59 440.27 61.2% Bearish BLUE -.129 -.004 -.133
---------------------------------------------------------------------------------------------
IWM 171.79 1.54 173.45 16.2% Bearish BLUE -.157 -.009 -.166
---------------------------------------------------------------------------------------------
FAS 51.85 -.11 53.3 29.9% Bearish BLUE -.095 -.328 -.423
---------------------------------------------------------------------------------------------
RETL 6.38 .08 6.52 -68.9% Bearish BLUE -.178 -.216 -.394
---------------------------------------------------------------------------------------------
SOXL 16.57 -.92 16.61 132.3% ------- RED .001 .388 .389
---------------------------------------------------------------------------------------------
TECL 33.73 .21 32.25 261.3% ------- BLUE .024 .429 .453
---------------------------------------------------------------------------------------------
IBB 125.87 1.52 125.85 54.9% Bearish BLUE -.001 -.009 -.01
---------------------------------------------------------------------------------------------
GLD 183.65 -2.09 183.84 -3.3% Bullish RED .108 .103 .211
---------------------------------------------------------------------------------------------
DBO 13.53 .01 13.32 160.1% Bullish BLUE .227 -.045 .182
---------------------------------------------------------------------------------------------
OIH 257.38 -1.26 265.45 -4% ------- BLUE -.082 -.139 -.221
---------------------------------------------------------------------------------------------
CPER 24.84 -.12 24.17 223.3% Bullish RED .203 .032 .235
---------------------------------------------------------------------------------------------
TAN 72.98 -.6 70.51 247.9% ------- BLUE .083 -.039 .044
---------------------------------------------------------------------------------------------
UUP 28.03 .17 28.04 -30.4% ------- ---- -.007 .061 .054
---------------------------------------------------------------------------------------------
CORN 24.87 .47 24.75 20.3% ------- BLUE -.158 .009 -.149
---------------------------------------------------------------------------------------------
WEAT 7.03 .31 7.04 -86.8% ------- BLUE -.163 -.01 -.173
---------------------------------------------------------------------------------------------
YINN 44.7 -.37 39.44 615.6% ------- BLUE -.023 -.26 -.283
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/24/23
Bullish= 6
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BEVERAGE .714 .571 .571 .571 .5 .285
GOLD .695 .673 .586 .413 .63 .521
NIFTY .681 .636 .59 .727 .681 .545
HOMEBLDG .666 .666 .611 .666 .555 .555
NASD-100 .58 .55 .52 .6 .53 .52
SEMI .563 .606 .553 .606 .553 .563
============================================================================================
HACKERS .5 .5 .375 .562 .5 .437
SOFTWARE .5 .464 .428 .517 .5 .482
=============================================================================================
ELECTRON .488 .503 .481 .526 .503 .473
GAMING .473 .421 .473 .631 .578 .473
COMPUTER .45 .45 .4 .6 .45 .45
HIGHPRIC .428 .385 .385 .48 .406 .372
COMODITY .41 .41 .384 .282 .282 .282
FOOD .367 .367 .346 .285 .306 .306
MILITARY .307 .23 .269 .461 .423 .23
DOWJONES .3 .233 .233 .333 .266 .2
INDEXES .297 .302 .286 .335 .291 .281
COPPER .285 .285 .285 .428 .142 .142
GUNS .285 .214 .214 .428 .357 .285
GREEN .277 .277 .277 .333 .333 .166
RETAIL .276 .234 .255 .297 .297 .255
FIDSTKS .266 .23 .224 .319 .278 .201
RUS-1000 .257 .23 .23 .318 .261 .218
SP500 .256 .221 .215 .303 .266 .205
BIOTECH .255 .247 .244 .278 .247 .238
SP-100 .255 .222 .188 .288 .244 .177
DJI-13 .23 .153 .153 .153 .23 .153
INDMATER .222 .208 .222 .277 .208 .18
ETFS .218 .29 .236 .272 .181 .09
HOSPITAL .214 .214 .285 .357 .357 .142
LOWPRICE .209 .186 .206 .2 .191 .203
BONDFUND .206 .172 .183 .126 .183 .195
CHINA .204 .204 .204 .181 .181 .204
AUTO .188 .207 .188 .283 .169 .169
SOLAR .187 .187 .25 .312 .187 .187
UTILITY .184 .078 .078 .157 .315 .289
INFRA .181 .181 .212 .212 .181 .181
CHEM .139 .116 .093 .186 .162 .116
INSURANC .12 .08 .08 .12 .12 .04
REIT .107 .084 .1 .13 .138 .107
TRANSP .105 .105 .105 .21 .105 .105
OILGAS .104 .114 .133 .18 .104 .123
FINANCE .075 .075 .062 .112 .087 .087
BIGBANKS 0 0 0 0 0 0
COAL 0 0 0 .166 0 0
EDU 0 0 0 .166 0 0
JETS 0 0 0 0 .076 0
MARIJUAN 0 0 .2 .2 .2 .2
REGBANKS 0 0 0 .024 0 0
|
Friday 3/24/2023: 5:00 AM Futures: DJI -279 NASDAQ -41 Data
Used 3/23/2023
| |
3/23/2023
|
|
| |
Powell sounded
utterly lost and befuddled today, talking about how the
FED's "work is almost
done". This itself is scary. The truth, of course, is
that two percent inflation is a
very long way away. What's worse, Powell seems
to be clueless regarding how
dangerous and close by are more bank failures
and a bank panic because he has
allowed the Fed to keep on raising rates and
said nothing about reversing
Quamtitative tightenng.
In turning towards the
"crocodile of inflation", he has now allowed
"the aligator of bank
failures" to grab ahold of various regional banks and swing them
around into death-rolls.
This, in turn, has dropped big bank stocks amd now
insurance stocks beneath key
support levels. Meanwhile, our recommended
short sales in REITs just keep
falling.
Powell is not an economist.
Perhaps, he does not know that the
FED was originally established explicitly
to prevent more of the all too
frequent bank panics in the US after the Civil War:
What we see now technically is
not pretty. Today the NYSE A/D Line
made a low ahead of the DJI.
The Closing Powers for DIA and SPY
broke their uptrends and the DJI
cannot even muster enough strength
to get to its falling 21-day ma.
We do not need a Sell S9 or S12 at
the upper band to be bearish.
We have the Sell S10 telling us that key
support has been broken. With
all our internal strength indicators quite
negative, it sure looks like even
the DJI's blue chips will fall. Less than a
quarter of them are still above
their 65-dma.
Stay long only SOXL, NVDA and the
leading semi-conductors provided
you are also short a bunch of
regional banks and REITS. We tried
to retake our position in the 3x
leveraged short on banks, FAZ, but
it did not pull back far enough.
Now we can only buy it on strength.
That is what we must do if we still
want to hedge SOXL with FAZ.
See in the charts of SOXL and FAZ
their ITRS numbers. They have
served wonderfully as hedges.
SOXL has outperformed the DJI
by 51% over the last 50 trading
days while the short ETF on bankers
has done almost the same, rising
46% over the same 50-trading days.
|
|
| |
Charts - 3/23/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90323.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-23-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-23-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
TABLE
1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,136 |
3,131 |
3,133 |
| Advances |
1,080 |
768 |
2,291 |
| Declines |
1,931 |
2,249 |
737 |
| Unchanged |
125 |
114 |
105 |
| New
highs |
31 |
28 |
16 |
| New
lows |
212 |
102 |
177 |
| Adv.
volume* |
365,244,514 |
101,874,758 |
922,575,070 |
| Decl.
volume* |
694,836,983 |
889,165,952 |
292,521,804 |
| Total
volume* |
1,067,623,416 |
999,211,770 |
1,251,964,672 |
| Closing
Arms (TRIN)† |
0.94 |
2.06 |
1.00 |
| Block
trades* |
4,968 |
4,730 |
5,245 |
| Adv.
volume |
1,846,853,338 |
637,823,546 |
4,084,613,001 |
| Decl.
volume |
3,110,729,359 |
3,847,219,253 |
1,310,570,032 |
| Total
volume |
4,991,607,675 |
4,533,010,566 |
5,695,795,412 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,648 |
4,697 |
4,674 |
| Advances |
2,117 |
1,282 |
2,949 |
| Declines |
2,326 |
3,229 |
1,517 |
| Unchanged |
205 |
186 |
208 |
| New
highs |
57 |
49 |
54 |
| New
lows |
314 |
189 |
284 |
| Closing
Arms (TRIN)† |
0.79 |
1.62 |
0.68 |
| Block
trades |
32,908 |
33,727 |
31,833 |
| Adv.
volume |
2,597,768,328 |
976,225,490 |
3,846,482,829 |
| Decl.
volume |
2,254,885,764 |
3,983,755,897 |
1,335,675,196 |
| Total
volume |
4,917,466,613 |
4,981,596,179 |
5,498,924,586 |
|
Table 2 QUICKSILVER on ETFS - 3/23/2023 ---
Bullish = 3 SOXL (+.544), TECL(+.50), GLD (.256)
Bearish = 4 FAS (-.4917), RETL (-.373), YINN (-.303), OIH (-.253)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 320.84 .66 318.5 -37.4% Bearish RED .025 ==== =====
---------------------------------------------------------------------------------------------
COMPQX 11787.4 117.44 11630.51 29.9% ------- RED .015 .146 .161
---------------------------------------------------------------------------------------------
SPY 393.17 1.06 389.99 -37.3% Bearish RED .023 .055 .078
---------------------------------------------------------------------------------------------
QQQ 309.75 3.63 305.36 47.9% Bullish RED .052 .184 .236
---------------------------------------------------------------------------------------------
MDY 434.88 -2 433.1 -108% Bearish RED -.154 -.003 -.157
---------------------------------------------------------------------------------------------
IWM 170.25 -1.39 171.23 -164.9% Bearish RED -.199 -.008 -.207
---------------------------------------------------------------------------------------------
FAS 51.96 -1.2 51.53 -482.8% Bearish RED -.177 -.314 -.491
---------------------------------------------------------------------------------------------
RETL 6.3 -.23 6.47 -465.7% Bearish RED -.198 -.175 -.373
---------------------------------------------------------------------------------------------
SOXL 17.49 1.25 16.13 325.9% ------- BLUE .034 .51 .544
---------------------------------------------------------------------------------------------
TECL 33.52 1.58 32.03 210.8% ------- BLUE .012 .488 .5
---------------------------------------------------------------------------------------------
IBB 124.35 1.05 124.5 -95.4% Bearish RED -.021 -.018 -.039
---------------------------------------------------------------------------------------------
GLD 185.74 2.3 183.77 197% Bullish BLUE .153 .112 .265
---------------------------------------------------------------------------------------------
DBO 13.52 -.11 13.1 63.5% Bullish RED .223 -.024 .199
---------------------------------------------------------------------------------------------
OIH 258.64 -7.12 257.59 -128.6% ------- RED -.115 -.138 -.253
---------------------------------------------------------------------------------------------
CPER 24.96 .3 23.75 283.9% Bullish BLUE .158 .06 .218
---------------------------------------------------------------------------------------------
TAN 73.58 1.09 69.41 92.7% ------- BLUE .066 .004 .07
---------------------------------------------------------------------------------------------
UUP 27.86 .04 28.2 -89% Bearish BLUE -.02 .053 .033
---------------------------------------------------------------------------------------------
CORN 24.4 -.06 24.77 -60.9% ------- RED -.234 -.011 -.245
---------------------------------------------------------------------------------------------
WEAT 6.72 -.03 7.15 -257.8% ------- RED -.195 -.043 -.238
---------------------------------------------------------------------------------------------
YINN 45.07 3.86 39.62 641.3% Bearish RED -.066 -.237 -.303
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
Bullish = 7
Bearish = 41
3/23/23
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
GOLD .673 .586 .413 .63 .521 .239
HOMEBLDG .666 .611 .666 .555 .555 .666
NIFTY .636 .59 .727 .681 .545 .59
SEMI .606 .553 .606 .553 .553 .574
-----
BEVERAGE .571 .571 .571 .5 .357 .5
NASD-100 .55 .52 .6 .53 .52 .55
ELECTRON .503 .481 .526 .503 .466 .526
==============================================================================================
HACKERS .5 .375 .562 .5 .437 .5
==============================================================================================
SOFTWARE .464 .446 .517 .5 .482 .464
COMPUTER .45 .4 .6 .45 .45 .55
GAMING .421 .473 .578 .631 .473 .578
COMODITY .41 .41 .256 .282 .282 .256
HIGHPRIC .385 .385 .48 .406 .372 .415
FOOD .367 .367 .265 .306 .306 .285
INDEXES .302 .286 .335 .291 .281 .254
ETFS .29 .236 .272 .181 .109 .163
COPPER .285 .285 .428 .142 .142 .142
GREEN .277 .277 .333 .333 .166 .277
BIOTECH .247 .241 .281 .247 .238 .281
RETAIL .234 .255 .297 .297 .255 .297
DOWJONES .233 .233 .333 .266 .2 .2
-----
RUS-1000 .232 .232 .319 .262 .219 .278
-----
FIDSTKS .23 .224 .319 .278 .201 .248
MILITARY .23 .269 .461 .423 .23 .461
SP-100 .222 .188 .288 .244 .166 .211
SP500 .221 .215 .305 .262 .206 .254
-----
GUNS .214 .214 .428 .357 .285 .5
HOSPITAL .214 .285 .357 .357 .142 .428
INDMATER .208 .222 .277 .208 .194 .208
AUTO .207 .207 .283 .169 .169 .245
CHINA .204 .204 .181 .181 .204 .181
SOLAR .187 .25 .312 .187 .187 .187
LOWPRICE .186 .209 .203 .191 .209 .223
INFRA .181 .212 .212 .181 .181 .212
BONDFUND .172 .183 .126 .183 .206 .172
DJI-13 .153 .153 .153 .23 .153 .153
CHEM .116 .093 .186 .162 .116 .162
OILGAS .114 .133 .18 .104 .123 .123
TRANSP .105 .105 .21 .105 .105 .21
REIT .084 .092 .138 .146 .1 .153
INSURANC .08 .08 .12 .12 .04 .12
UTILITY .078 .078 .157 .315 .263 .289
FINANCE .075 .062 .112 .075 .087 .1
BIGBANKS 0 0 0 0 0 0
COAL 0 0 .166 0 0 0
EDU 0 0 .166 0 0 .166
JETS 0 0 0 .076 0 .076
MARIJUAN 0 .2 .2 .2 .2 .2
REGBANKS 0 0 .024 0 0 0
|
=====================================================================================
Thursday 3/23/2023: 5:55 AM
Futures: DJI +41 NASDAQ +96 Data Used 3/22/2023
| |
3/22/2023
|
|
| |
Sell S10
Still Stands.
The DJI has been turned back
down by the over-head resistance. Its recent
lows should now have to be
tested. Tables 2 and 3 show how few stocks
look bullish. And, if
we follow the adage about not fighting the FED, we still
have to be bearish.
History suggests that bear markets like those of 1919-1921,
1929-1932, 1966, 1969-1970,
1987... do not end until the FED lowers
interest rates and/or starts
injecting new money into the system.
Today Powell and the FOMC turned to
fight the more distant "crocodile of inflation" and
and turned away from the more
immediate problem, the "alligator of bank failures". Powell
also threatened another 1/4% hike
in rates later in 2023. Making matters much
worse for banks and REITs, he
gratuitously added that the current bank-safety problems
were actually helping his fight
against inflation. He, thereby, seemed to be welcoming the
financial panic. Of course,
it may be that the panic has been beaten back and is no
longer a serious threat.
That's what Treasury Secretary Janet Yellen assured
Congress this week. But what
if she's "blowing smoke rings". Today's declines
by regional banks, REITS and even
big banks were quite real. See their charts below
and again tonight among the Bearish
MINCPs.
Buy FAZ, the 3x leveraged negative
(short) financials' ETF at 22.5 Small stocks and
IWM also did not take kindly to
Powell's determination to bring higher rates. Note that
smaller stocks are apt to become
especially hard-pressed for capital and cash in the
months ahead if thr Federal Funds'
rates reach 5%.
Today, the DJI first rallied
up to the apex of a potential right shoulder in what may
could become another head/shoulders
pattern if the DJI breaks down below its recent
support.. Only then did it
fall 500 in what looked suspiciously like a series of
computerized sell orders. As
bizarre as this trading was, the fact remains that only 25%
of the DJI-30 stocks are still
above their 65-dma. So, the danger is real that even the
blue chips will now sell off.
Note that most everything declined
today, even the TECL, SOXL and the
semi-conductors. But not
NVDA. And today, the techs are bouncing back up before
the opening. My
counsel: hold these as longs provided you are also hedged
by being short the most bearish
looking REITs and also own FAZ, the short
sale on financials generally..
Powell got all the attention today.
Now the political stalemate between the Democrat
President and the Republican
majority in the House of Representatives will acquire
the spotlight. Their
hand-to-hand struggle could easily produce a disastrous "game
of chicken" in the matter of
increasing the national debt limit and banking reforms.
Normally, April is a very bullish
month. But times now are not normal. We have a
ring-side seat at what will likely
soon become a real slug-fest between Democrats
and Republicans, especially if
Trump is indicted in Manhattan.
|
|
| |
Charts - 3/21/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90322.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-22-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-22-2023/BEARISH.htm
|
|
 |
 |
 |
 |
BANK STOCKS TURNED BACK DOWN, including Bg Banks
 |
 |
 |
 |
REGIONAL BANKS DROPPED WHEN POWELL STATED
THAT THEIR FALLING WOULD HELP HIS FIGHTING INFLATION>
 |
 |
 |
 |
REITS DROPPED MORE AS RATES ROSE.
 |
 |
 |
 |
| |
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,131 |
3,154 |
3,132 |
| Advances |
768 |
2,392 |
677 |
| Declines |
2,249 |
679 |
2,349 |
| Unchanged |
114 |
83 |
106 |
| New
highs |
28 |
25 |
12 |
| New
lows |
102 |
44 |
266 |
| Adv.
volume* |
101,874,758 |
923,905,435 |
313,966,921 |
| Decl.
volume* |
889,165,952 |
190,522,064 |
1,128,931,047 |
| Total
volume* |
999,211,770 |
1,137,673,830 |
1,456,375,378 |
| Closing
Arms (TRIN)† |
2.06 |
0.65 |
1.13 |
| Block
trades* |
4,730 |
4,887 |
6,326 |
| Adv.
volume |
637,823,546 |
4,074,288,678 |
1,325,463,908 |
| Decl.
volume |
3,847,219,253 |
748,338,255 |
5,191,553,170 |
| Total
volume |
4,533,010,566 |
4,920,242,915 |
6,594,014,716 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,697 |
4,728 |
4,655 |
| Advances |
1,282 |
3,311 |
1,317 |
| Declines |
3,229 |
1,211 |
3,116 |
| Unchanged |
186 |
206 |
222 |
| New
highs |
49 |
60 |
28 |
| New
lows |
189 |
127 |
432 |
| Closing
Arms (TRIN)† |
1.62 |
0.71 |
0.60 |
| Block
trades |
33,727 |
29,862 |
35,404 |
| Adv.
volume |
976,225,490 |
3,807,929,529 |
2,410,647,358 |
| Decl.
volume |
3,983,755,897 |
991,239,844 |
3,446,802,032 |
| Total
volume |
4,981,596,179 |
4,829,875,146 |
5,912,435,516 |
|
Table 2 QUICKSILVER on ETFS - 3/22/2023 ---
Bullish = 3 SOXL (+.469), TECL(+.453)
Bearish = 3 FAS (-.447), RETL (-.304), YINN (-3346_
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 320.18 -5.44 323.25 9.9% ------- RED .031 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 11669.96 -190.15 11717.28 101.1% Bullish RED .025 .142 .167
---------------------------------------------------------------------------------------------
SPY 392.11 -6.8 396.11 35.9% ------- RED .033 .056 .089
---------------------------------------------------------------------------------------------
QQQ 306.12 -4.22 306.81 117.7% Bullish RED .061 .177 .238
---------------------------------------------------------------------------------------------
MDY 436.88 -11.4 444.4 -16.8% Bearish RED -.152 .007 -.145
---------------------------------------------------------------------------------------------
IWM 171.64 -5.01 175.98 -56.5% Bearish RED -.178 .01 -.168
---------------------------------------------------------------------------------------------
FAS 53.16 -4.02 57.22 -86% Bearish RED -.156 -.291 -.447
---------------------------------------------------------------------------------------------
RETL 6.53 -.31 6.92 -156.8% Bearish RED -.205 -.099 -.304
---------------------------------------------------------------------------------------------
SOXL 16.24 -.43 16.42 481.2% ------- RED .015 .454 .469
---------------------------------------------------------------------------------------------
TECL 31.94 -.99 32.16 358.4% Bullish RED .011 .442 .453
---------------------------------------------------------------------------------------------
IBB 123.3 -2.7 126.74 -109.7% Bearish RED -.021 -.009 -.03
---------------------------------------------------------------------------------------------
GLD 183.44 3.07 178.57 144.5% Bullish BLUE .104 .099 .203
---------------------------------------------------------------------------------------------
DBO 13.63 .05 13.35 116.2% Bullish ---- .262 -.023 .239
---------------------------------------------------------------------------------------------
OIH 265.76 -9.49 265.48 57.5% ------- RED -.127 -.104 -.231
---------------------------------------------------------------------------------------------
CPER 24.66 .19 23.59 200.5% ------- BLUE .157 .06 .217
---------------------------------------------------------------------------------------------
TAN 72.49 -1.59 72.25 -51.5% ------- RED .108 .015 .123
---------------------------------------------------------------------------------------------
UUP 27.82 -.21 28.36 -101% Bearish RED -.031 .048 .017
---------------------------------------------------------------------------------------------
CORN 24.46 -.06 24.7 -24.3% Bearish BLUE -.227 -.011 -.238
---------------------------------------------------------------------------------------------
WEAT 6.75 -.14 7.08 -248.2% ------- ---- -.168 -.059 -.227
---------------------------------------------------------------------------------------------
YINN 41.21 .24 39.91 346.5% Bearish RED -.066 -.28 -.346
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/22/23
Bullish = 6
Berish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .611 .666 .555 .555 .666 .444
NIFTY .59 .727 .681 .545 .59 .522
GOLD .586 .413 .63 .521 .26 .26
BEVERAGE .571 .571 .5 .357 .5 .5
SEMI .553 .606 .553 .553 .563 .553
-----
NASD-100 .52 .6 .53 .52 .55 .5
--------------------------------------------------------------------------------------------------
ELECTRON .481 .526 .503 .466 .518 .466
GAMING .473 .578 .578 .526 .578 .473
SOFTWARE .446 .535 .5 .482 .482 .428
COMODITY .41 .282 .256 .282 .256 .23
COMPUTER .4 .6 .45 .45 .55 .35
HIGHPRIC .385 .48 .406 .372 .415 .333
HACKERS .375 .562 .5 .437 .562 .375
FOOD .367 .285 .285 .306 .285 .265
INDEXES .286 .335 .291 .281 .259 .205
COPPER .285 .428 .142 .142 .142 .142
HOSPITAL .285 .357 .357 .142 .428 .285
GREEN .277 .333 .333 .166 .277 .222
MILITARY .269 .461 .423 .23 .461 .269
RETAIL .255 .297 .297 .255 .297 .255
SOLAR .25 .312 .187 .187 .187 .187
BIOTECH .241 .278 .25 .238 .281 .267
ETFS .236 .272 .181 .109 .2 .054
DOWJONES .233 .333 .266 .2 .2 .166
=====
RUS-1000 .232 .319 .262 .219 .28 .225
=====
FIDSTKS .224 .319 .278 .201 .248 .195
INDMATER .222 .277 .208 .194 .236 .152
SP500 .215 .305 .264 .202 .258 .206
====
GUNS .214 .428 .357 .285 .428 .428
INFRA .212 .212 .181 .181 .212 .212
LOWPRICE .209 .206 .194 .209 .223 .194
AUTO .207 .301 .169 .169 .245 .207
CHINA .204 .181 .181 .204 .181 .181
MARIJUAN .2 .2 .2 .2 .2 .2
SP-100 .188 .288 .244 .166 .211 .166
BONDFUND .183 .126 .183 .206 .183 .172
DJI-13 .153 .153 .23 .153
.153 .076
OILGAS .133 .18 .104 .123 .123 .095
TRANSP .105 .21 .105 .105 .21 .105
CHEM .093 .186 .162 .116 .186 .116
REIT .092 .13 .153 .107 .146 .146
INSURANC .08 .12 .12 .04 .12 .04
UTILITY .078 .157 .315 .263 .289 .184
FINANCE .062 .112 .075 .075 .1 .087
BIGBANKS 0 0 0 0 0 0
COAL 0 .166 0 0 .166 0
EDU 0 .166 0 0 .166 0
JETS 0 0 .076 0 .076 0
REGBANKS 0 .024 0 0 0 0
|
===================================================================================
Wednesday 3/22/2023:
5:50 AM Futures: DJI +1 NASDAQ -25 Data Used 3/21/2023
| |
3/21/202
|
|
| |
Fed Chairman Powell and
the FOMC will announce Wednesday afternoon
how their monetary
policies will do battle with alligator of failing banks and
the crocodile of
inflation. I have reasoned here they will want to deal with the more
immediate and pressing
problem, the danger of more bank failures. But we'll soon
see.
Keep in mind that if
the FED continues to raise interest rates aggressively, it will
only be increasing how
underwater the banks' holdings of long term bonds and
mortgages are.
That, they know now, is fraught with danger for some very
big banks.
And should they continue to reduce their own inventory of long-term
debt instruments by
selling $90 billion a month, they will weaken that market for the
same already troubled
banks which are also selling into it to raise their cash reserves.
And, what's worse?
If they raise interest rates, they make it harder for consumers
to make their payments
to banks and credit card companies.
Since, Powell in the
past has shown he knows how to quickly turn dovish, bulls
have reasons to hope
for a cessation in FED interest rate increases. Professionals, as
represented by our
rising Closing Powers, share this hope. But they may be premature.
Perhaps, the panic must
spread to the blue chip DJI-30 before Powell and company
will relent. Another
test of last year's lows might serve that end. The markets have
reached resistance
levels. Now Powell must come through, or there will probably
be another quick
decline to the recent lows. In this environment, I have suggested
buying the strongest
bullish MAXCPs, especially in semi-conductors and staying
short some of the REITs
displaying heavy red distribution and falling Closing Powers..
Suggestions on what to do...
If Powell announces
that there will be no March rate increase, look for TECL
and SOXL to take off to
the upside. If he announces a 1/4% rate hike, I would
think the DJI will
rally only a little higher, to the vicinity of its 65-dma and
then sell off.
Unless volume and breadth improve markedly on this rally, we will be buyers of FAZ,
the leveraged short on
financials again when the current rally fails. Banks, no matter
what the FED does about
interest rates, will be subjected to a lot more regulations
and scrutiny.
This will take a toll on their profits.
See below the five
highest priced DJI-30 stocks. They seem mostly stalled. But TECL
and QQQ are much
stronger than the DJI. Let's see if their high relative strength
correctly predicts that
Powell is not going to press forward with his anti-inflation fight.
|
|
| |
Charts - 3/21/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90321.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-21-2023/Bullish.htm
Bearish MINCPs
www.tigersoftware.com/Downing/3-21-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,154 |
3,140 |
3,157 |
| Advances |
2,392 |
1,858 |
2,305 |
| Declines |
679 |
1,190 |
763 |
| Unchanged |
83 |
92 |
89 |
| New
highs |
25 |
21 |
18 |
| New
lows |
44 |
134 |
99 |
| Adv.
volume* |
923,905,435 |
850,309,125 |
954,262,813 |
| Decl.
volume* |
190,522,064 |
357,125,592 |
328,057,467 |
| Total
volume* |
1,137,673,830 |
1,220,450,945 |
1,300,612,509 |
| Closing
Arms (TRIN)† |
0.65 |
0.95 |
1.23 |
| Block
trades* |
4,887 |
5,273 |
5,410 |
| Adv.
volume |
4,074,288,678 |
3,279,164,853 |
3,941,935,372 |
| Decl.
volume |
748,338,255 |
2,004,732,302 |
1,607,340,681 |
| Total
volume |
4,920,242,915 |
5,347,142,486 |
5,665,877,851 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,728 |
4,692 |
4,682 |
| Advances |
3,311 |
2,296 |
2,885 |
| Declines |
1,211 |
2,214 |
1,576 |
| Unchanged |
206 |
182 |
221 |
| New
highs |
60 |
39 |
31 |
| New
lows |
127 |
314 |
214 |
| Closing
Arms (TRIN)† |
0.71 |
0.95 |
1.19 |
| Block
trades |
29,862 |
33,460 |
31,711 |
| Adv.
volume |
3,807,929,529 |
2,582,434,159 |
3,327,970,195 |
| Decl.
volume |
991,239,844 |
2,353,818,911 |
2,159,473,623 |
| Total
volume |
4,829,875,146 |
4,970,631,173 |
5,533,129,563 |
|
Table 2 QUICKSILVER on ETFS - 3/21/2023 ---
Bullish = 3 SOXL (+.599), TECL(+.554), QQQR (+.2690)
Bearish = 4 FAS (-.371), RETL (-.306), WEAT. YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 325.62 3.32 319.54 53.4% ------- BLUE .046 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11860.11 184.57 11434.05 186.6% Bullish BLUE .024 .154 .178
---------------------------------------------------------------------------------------------
SPY 398.91 5.17 389.28 91.5% Bullish BLUE .049 .06 .109
---------------------------------------------------------------------------------------------
QQQ 310.34 4.37 298.93 214.1% Bullish BLUE .083 .186 .269
---------------------------------------------------------------------------------------------
MDY 448.28 8.01 438.36 1.4% ------- BLUE -.121 .019 -.102
---------------------------------------------------------------------------------------------
IWM 176.65 3.2 173.61 3.7% ------- BLUE -.143 .026 -.117
---------------------------------------------------------------------------------------------
FAS 57.18 3.88 54.1 -159% Bearish BLUE -.108 -.263 -.371
---------------------------------------------------------------------------------------------
RETL 6.84 .32 6.74 14.9% ------- BLUE -.224 -.082 -.306
---------------------------------------------------------------------------------------------
SOXL 16.67 .06 14.69 458.5% Bullish RED .034 .565 .599
---------------------------------------------------------------------------------------------
TECL 32.93 .68 29.66 531.4% Bullish BLUE .034 .52 .554
---------------------------------------------------------------------------------------------
IBB 126 .15 126.06 -37.7% ------- RED -.015 -.022 -.037
---------------------------------------------------------------------------------------------
GLD 180.37 -3.47 178.21 98.2% ------- RED .052 .07 .122
---------------------------------------------------------------------------------------------
DBO 13.58 .26 13.32 -126.8% ------- BLUE .27 -.025 .245
---------------------------------------------------------------------------------------------
OIH 275.25 9.8 262.71 -153.8% ------- BLUE -.109 -.068 -.177
---------------------------------------------------------------------------------------------
CPER 24.47 .3 23.7 -4.2% ------- ---- .188 .06 .248
---------------------------------------------------------------------------------------------
TAN 74.08 3.57 73.23 -106.6% Bullish BLUE .102 .035 .137
---------------------------------------------------------------------------------------------
UUP 28.03 -.01 28.39 -10.6% ------- ---- .017 .036 .053
---------------------------------------------------------------------------------------------
CORN 24.52 -.23 24.58 -18.2% Bearish RED -.141 -.023 -.164
---------------------------------------------------------------------------------------------
WEAT 6.89 -.15 7.1 -120% Bearish RED -.206 -.052 -.258
---------------------------------------------------------------------------------------------
YINN 40.97 1.53 38.46 106.3% ------- BLUE -.061 -.296 -.357
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/21/23
Bullish = 10
Bearish = 39
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
NIFTY-50 .727 .681 .545 .59 .522 .568
HOMEBLDG .666 .555 .555 .666 .444 .555
SEMI .606 .553 .553 .563 .542 .585
=====
COMPUTER .6 .45 .45 .55 .35 .5
NASD-100 .6 .53 .52 .55 .5 .48
GAMING .578 .578 .473 .631 .473 .526
BEVERAGE .571 .5 .357 .5 .5 .428
HACKERS .562 .5 .437 .562 .375 .437
SOFTWARE .535 .517 .482 .482 .428 .446
ELECTRON .526 .503 .466 .518 .458 .533
=================================================================================================
HIGHPRIC .48 .406 .372 .415 .333 .393
MILITARY .461 .423 .23 .461 .307 .538
COPPER .428 .142 .142 .142 .142 .428
GUNS .428 .357 .285 .428 .428 .571
GOLD .413 .63 .521 .26 .282 .239
HOSPITAL .357 .357 .142 .428 .285 .285
INDEXES .335 .291 .281 .259 .21 .243
DOWJONES .333 .266 .2 .2 .166 .233
=====
GREEN .333 .333 .166 .277 .222 .388
FIDSTKS .319 .278 .201 .248 .207 .213
RUS-1000 .319 .262 .219 .28 .234 .279
=====
SOLAR .312 .187 .187 .187 .187 .312
SP500 .305 .264 .204 .254 .215 .245
=====
AUTO .301 .188 .169 .245 .207 .283
RETAIL .297 .297 .255 .297 .255 .255
SP-100 .288 .244 .166 .211 .166 .166
FOOD .285 .306 .285 .285 .265 .306
COMODITY .282 .282 .256 .256 .23 .282
BIOTECH .278 .247 .241 .281 .269 .292
INDMATER .277 .208 .194 .236 .18 .319
ETFS .272 .181 .109 .2 .09 .327
INFRA .212 .181 .181 .212 .212 .363
TRANSP .21 .105 .105 .21 .105 .263
LOWPRICE .206 .197 .212 .223 .2 .246
MARIJUAN .2 .2 .2 .2 .2 .2
CHEM .186 .162 .116 .186 .116 .209
CHINA .181 .181 .204 .181 .181 .204
OILGAS .18 .104 .123 .123 .104 .209
COAL .166 0 0 .166 0 .166
EDU .166 0 0 .166 0 .166
UTILITY .157 .315 .263 .289 .21 .157
DJI-13 .153 .23 .153 .153 .076 .153
REIT .13 .146 .115 .153 .138 .161
BONDFUND .126 .183 .206 .183 .183 .08
INSURANC .12 .12 .04 .12 .04 .16
FINANCE .112 .075 .075 .087 .087 .125
REGBANKS .024 0 0 0 0 .024
BIGBANKS 0 0 0 0 0 0
JETS 0 .076 0 .076 0 .307
|
===============================================================================
Tuesday 3/21/2023:
5:50 AM Futures: DJI +300
NASDAQ +84 Data Used
3/20/2023
| |
3/20
DJIA 32244.58 382.60
+1.20%
Nasdaq 11675.54 45.02 +0.39%
S&P 500 3951.57 34.93
+0.89 |
|
| |
Fed Chairman Powell
is the Puppet Master Now. A reversal in monetary policies
may be at hand. That would be
quite bullish.
The DJI made a 700 point reversal
upwards from Sunday evening to Monday's close.
I think it's safe to assume word
was spread that the Fed Chairman Powell and the FOMC
would be reversing monetary course
from tightening to easing, just as they did at the
bottoms in December 2018 and March
2020. The evidence is the amount of borrowing
the FED permitted at their Discount
window for member banks last week, a record
$150 billion.
If you were fighting off the hungry
alligator of bank failures, you would not turn to face
the more distant crocodile of
Inflation. First you would deal with the much more immediate
threat. If you are eaten by
the alligator of bank failures you will never even get to save
the country from Inflation.
We can't know for sure that the FED will
lower interest rates, but it is already shifting
from Quantitative tightening to
Quantitative easing. The result will probably be more
inflation. Growth technology stocks
will again come back in favor if this is true. So,
if I am right, we should be buyers of
SOXL and TECL, exactly the best performing
groups in Table 2. Instead of
buying them, we might also want to consider the highest
Power ranked semi-conductors shown below:
FSLR, ACLS, PDFS and NVDA.
Meanwhile, REITS show no sign of being
guaranteed by the FED like banks. So,
stay short some of them as well other
Bearish MINCPs so long as their Closing
Power downtrends are not broken.
If the FED really is going to reverse its
monetary course, the DJI will then likely
rise above the resistance of its falling
65-dma in the normally quite bullish month
of April. But that will probably
occur only after Peerless gives a Buy signal. It
is not clear how that is possible at this
point. First, the DJI must get past the
broken support at 32500-33000.
Without a Peerless Buy, the falling 65-dma
will be difficult to get past, especially
if volume and breadth do not improve.
Watch the news.. Trump will get the
headlines, but Powell is the one you should watch. |
|
| |
Charts - 3/20/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90320.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-20-2023/Bullish.htm
Bearish MINCPs
www.tigersoftware.com/Downing/3-20-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1
NYSE
Latest Close Previous Close Week Ago
Issues traded
3,140
3,140 3,156
Advances
1,858
490
839
Declines
1,190
2,550
2,237
Unchanged
92
100
80
New highs
21
13
14
New lows
134
199
345
Adv. volume* 850,309,125 439,011,015
389,189,719
Decl. volume* 357,125,592 3,467,588,531
1,006,759,315
Total volume* 1,220,450,945 3,917,258,280
1,405,541,742
Closing Arms (TRIN) 0.95
1.25
0.99
Block trades*
5,273 7,253
6,021
Adv. volume 3,279,164,853 1,245,236,329
1,787,499,184
Decl. volume 2,004,732,302 8,078,464,731
4,733,189,351
Total volume 5,347,142,486 9,354,283,970
6,558,029,162
NASDAQ Latest Close
Previous Close Week Ago
Issues traded
4,692
4,622
4,751
Advances
2,296 1,125
1,742
Declines
2,214
3,306 2,822
Unchanged
182
191
187
New highs
39
35
31
New lows
314
340
623
Closing Arms (TRIN) 0.95
0.90
0.67
Adv. volume 2,582,434,159 2,151,583,290
2,956,080,206
Decl. volume 2,353,818,911 5,715,784,814
3,215,033,356
Total volume 4,970,631,173 7,903,099,899
6,201,497,384 |
Table 2 QUICKSILVER on ETFS - 3/20/2023 ---
Bullish = 3 SOXL (+.788), TECL(+.626), QQQR (+.270)
Bearish = 1 FAS (-.427)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 322.3 3.8 322.19 54.3% ------- BLUE .044 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11675.54 45.03 11428.15 212% Bullish BLUE .024 .154 .178
---------------------------------------------------------------------------------------------
SPY 393.74 3.75 391.73 107.3% ------- BLUE .049 .059 .108
---------------------------------------------------------------------------------------------
QQQ 305.97 .61 297.37 254.8% Bullish BLUE .079 .191 .27 +++
---------------------------------------------------------------------------------------------
MDY 440.27 7.17 448.16 5.4% ------- BLUE -.105 .015 -.09
---------------------------------------------------------------------------------------------
IWM 173.45 2.22 176.52 4% ------- BLUE -.102 .02 -.082
---------------------------------------------------------------------------------------------
FAS 53.3 1.77 58.93 -207.3% Bearish BLUE -.15 -.277 -.427 ---
---------------------------------------------------------------------------------------------
RETL 6.52 .05 6.82 -200.1% ------- RED -.165 -.068 -.233
---------------------------------------------------------------------------------------------
SOXL 16.61 .48 15.22 846.6% Bullish BLUE .031 .757 .788 +++
---------------------------------------------------------------------------------------------
TECL 32.25 .22 29.62 750.8% Bullish BLUE .022 .604 .626 +++
---------------------------------------------------------------------------------------------
IBB 125.85 1.35 126.95 19.1% ------- BLUE .016 -.024 -.008
---------------------------------------------------------------------------------------------
GLD 183.84 .07 176.83 167% Bullish RED .114 .099 .213
---------------------------------------------------------------------------------------------
DBO 13.32 .22 13.92 -382.1% ------- BLUE .204 -.051 .153
---------------------------------------------------------------------------------------------
OIH 265.45 7.86 283.46 -297.6% ------- BLUE -.14 -.083 -.223
---------------------------------------------------------------------------------------------
CPER 24.17 .42 24.49 -110.2% ------- BLUE .162 .064 .226
---------------------------------------------------------------------------------------------
TAN 70.51 1.1 75.62 -315.9% ------- BLUE .096 .015 .111
---------------------------------------------------------------------------------------------
UUP 28.04 -.16 28.09 -8.9% Bearish ---- -.035 .013 -.022
---------------------------------------------------------------------------------------------
CORN 24.75 -.02 24.61 67% Bearish ---- -.11 -.024 -.134
---------------------------------------------------------------------------------------------
WEAT 7.04 -.11 7.06 63.7% ------- RED -.19 -.047 -.237
---------------------------------------------------------------------------------------------
YINN 39.44 -.18 40.13 13.9% Bearish BLUE -.074 -.326 -.4 ----
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/20/23
Bullish = 8
Bearish = 39
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
NIFTY .681 .545 .59 .522 .568 .431
GOLD .63 .521 .26 .282 .26 .217
GAMING .578 .473 .578 .526 .526 .473
HOMEBLDG .555 .555 .666 .444 .555 .5
SEMI .553 .553 .563 .542 .574 .563
NASD-100 .53 .52 .55 .5 .48 .38
SOFTWARE .517 .5 .482 .428 .446 .357
ELECTRON .503 .466 .518 .458 .526 .488
=======================================================================================================
BEVERAGE .5 .357 .5 .5 .428 .428
HACKERS .5 .437 .562 .375 .437 .375
=======================================================================================================
COMPUTER .45 .45 .55 .35 .5 .35
MILITARY .423 .23 .461 .307 .538 .384
HIGHPRIC .406 .372 .415 .333 .402 .29
GUNS .357 .285 .428 .428 .571 .5
HOSPITAL .357 .142 .428 .285 .357 .142
GREEN .333 .166 .277 .222 .388 .388
UTILITY .315 .263 .289 .21 .157 .052
FOOD .306 .306 .265 .265 .306 .306
RETAIL .297 .255 .297 .255 .255 .191
INDEXES .291 .281 .259 .21 .254 .205
COMODITY .282 .282 .23 .23 .282 .307
FIDSTKS .278 .201 .248 .207 .218 .159
DOWJONES .266 .2 .2 .166 .233 .133
=====
SP500 .264 .204 .256 .211 .252 .184
RUS-1000 .262 .219 .28 .234 .283 .214
BIOTECH .247 .238 .284 .269 .292 .25
SP-100 .244 .166 .211 .166 .166 .1
DJI-13 .23 .153 .153 .076 .153 .076
INDMATER .208 .194 .236 .18 .305 .236
MARIJUAN .2 .2 .2 .2 .2 .2
LOWPRICE .197 .214 .226 .2 .246 .214
AUTO .188 .188 .245 .207 .283 .264
SOLAR .187 .187 .187 .187 .312 .375
BONDFUND .183 .206 .183 .183 .091 .103
CHINA .181 .204 .181 .181 .204 .227
ETFS .181 .109 .2 .09 .345 .2
INFRA .181 .181 .212 .212 .363 .272
CHEM .162 .116 .186 .116 .209 .162
REIT .146 .107 .161 .146 .153 .123
COPPER .142 .142 .142 .142 .428 .428
INSURANC .12 .04 .12 .04 .16 .12
TRANSP .105 .105 .21 .105 .263 .368
OILGAS .104 .123 .123 .104 .209 .2
JETS .076 0 .076 0 .307 .307
FINANCE .075 .075 .087 .075 .125 .075
BIGBANKS 0 0 0 0 0 0
COAL 0 0 .166 0 .166 .166
EDU 0 0 .166 0 .166 0
REGBANKS 0 0 0 0 .024 0
|
====================================================================================
Monday 3/20/2023: 4:25 AM Futures: DJI -19 NASDAQ -35 Data Used 3/17/2023
| |
3-17-2023
|
|
| |
The Peerless Sell S10
(breakdown) is aiming the DJI towards a re-test of last
year's lows bellow 30,000.
The falling Peerless indicators are unmistakably weak.
See the NYSE A/D Line below.
Our P-Indicator and V-Indicator made new lows
confirming the DJI's one
percent drop. Our Accumulation Index at -.08 is
sufficiently low to show big
buyers are probably not present enough to stop the
decline. It's true that
the Closing Powers are only falling for DIA IWM and,MDY
and are rising for the
NASDAQ, QQQ and SPY. But there were still 539 new lows
on the NYSE and NASDAQ. It is
easier to make money on the short side
than the long side. The
biggest banks keep declining. We are in a classic financial
panic, not so different than
the one of 1907 and the ones before the FED was
created to stem.
There are few MAXCPs and lots
and lots of MINCPs. The REITs cannot so easily
be protected by the FED and
they are particularly weak. Even the semi-conductors
and NVDA, which are the main
hope for the bulls and aggressive performance/
growth funds, could start to
stall out, as NVDA their leader now shows a negative
IP21.
It's not hard to see why the
market is falling. No more difficult to understand
than the Crash of 2008.
Once again, the banks cannot be trusted about their
exposure to be the magnitude
of their potential losses. This time, though, the
losses are not due to obscure
things like credit default swaps, the banks certainly
could run afoul of mortgage
failures. So far, the banks big problem is the
their underwater long-term
investments (long bonds and mortgages) as interest
rates have taken off.
The NY Times this weekend
suggested that the total magnitude of these losses
based on bad bets against
rising interest rates could easily be $1.7 trillion. And
if the FED keeps raising
rates, that amount will surely go much higher. What's
worse? Answer:
Quantitative tightening. The FED has been selling its holding
of long-term bonds at the
rate of $90 billion a month, about 1% of what's on their
books. Even this is
only part of the reason why regional banks, insurance companies,
brokerages and REITs are not
trusted by depositors and investors.
See https://www.nytimes.com/interactive/2023/03/18/business/why-people-are-worried-about-banks.html?campaign_id=2&emc=edit_th_20230319&instance_id=88068&nl=todaysheadlines®i_id=58223894&segment_id=128194&user_id=ebc2a133c7a3b83a9a92049aae5a2e03
The other half of the
financial panic is that the "so-called" regulators no longer
seem up to their
responsibilities Nor can they be fully trusted. Amazingly,
the FED failed to conduct
"stress tests" which allowed for a steep rise in interest
rates. Powell, himself,
approved de-regulation of medium-sized banks
like Silicon Valley Bank.
In 2021, he failed to to see how inflationary his
Quantitative Easing and the
near 0% interest rates were. Should he be trusted
now, this week as he decides
what's next for interest rates and Quantitative
Tightening? And there's
more. If Powell cannot be trusted, what about other
members of the regional FEDs?
Should bankers be allowed to regulate themselves?
The head of Silicon Valley
Bank was a member of the San Francisco Board of
Governors. In
effect, he was charged with the responsibility of regulating his
own bank. So, investor
confidence in banks really needs a boost. Maybe,
big banks buying other banks
is part of the answer. But critics say this just
spreads the risk to the
biggest banks and make them more unsafe.
What will the FED do this
week? How can the FED continue to fight inflation by
raising rates and continuing
its Quantitative Tightening monetary policy? That seems
a sure way to cause the
collapse of more banks. Notice that Short-term rates and the 10-year
bond's yield are already
falling fast. It would seem that word has already leaked out
that the FED is going to halt
or even reverse its policies. One might hope that
such a reversal will bring
about a stock market rally. That's why I suggested closing
out our FAZ position above 25
on Friday. But, what if there is no rally when
the FED cuts rates a little?
Or what if there is a little rally and then it fizzles.
Stay short some of bearish
MINCP and let's see if the FED can bring about
a modest market recovery
which we can use to short more MINCPs and buy FAZ again.
Stay tuned. I sense
history is being made and the drama is far from played out.
|
|
| |
Charts - 3/17/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90317.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-17-2023/Bullish.htm
Bearish MINCPs
www.tigersoftware.com/Downing/3-17-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,140 |
3,133 |
3,169 |
| Advances |
490 |
2,291 |
442 |
| Declines |
2,550 |
737 |
2,637 |
| Unchanged |
100 |
105 |
90 |
| New
highs |
13 |
16 |
25 |
| New
lows |
199 |
177 |
209 |
| Adv.
volume* |
439,011,015 |
922,575,070 |
125,210,319 |
| Decl.
volume* |
3,467,588,531 |
292,521,804 |
1,057,381,884 |
| Total
volume* |
3,917,258,280 |
1,251,964,672 |
1,185,476,983 |
| Closing
Arms (TRIN)† |
1.25 |
1.00 |
1.29 |
| Block
trades* |
7,253 |
5,245 |
5,007 |
| Adv.
volume |
1,245,236,329 |
4,084,613,001 |
631,571,800 |
| Decl.
volume |
8,078,464,731 |
1,310,570,032 |
4,870,549,776 |
| Total
volume |
9,354,283,970 |
5,695,795,412 |
5,518,191,585 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,622 |
4,674 |
4,718 |
| Advances |
1,125 |
2,949 |
859 |
| Declines |
3,306 |
1,517 |
3,671 |
| Unchanged |
191 |
208 |
188 |
| New
highs |
35 |
54 |
36 |
| New
lows |
340 |
284 |
547 |
| Closing
Arms (TRIN)† |
0.90 |
0.68 |
0.87 |
| Block
trades |
37,503 |
31,833 |
38,055 |
| Adv.
volume |
2,151,583,290 |
3,846,482,829 |
1,304,819,731 |
| Decl.
volume |
5,715,784,814 |
1,335,675,196 |
4,854,334,233 |
| Total
volume |
7,903,099,899 |
5,498,924,586 |
6,193,501,101 |
|
Table 2 QUICKSILVER on ETFS - 3/17/2023 ---
Bullish = 3 SOXL (+.615), TECL(+.472) CPER +.284)
Bearish = 1 FAS (-.448)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 318.5 -4.75 318.82 -19.2% ------- RED -.027 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11630.51 -86.77 11188.84 216% Bullish RED -.055 .154 .099
---------------------------------------------------------------------------------------------
SPY 389.99 -6.12 385.36 52.4% ------- RED -.015 .059 .044
---------------------------------------------------------------------------------------------
QQQ 305.36 -1.45 290.69 283.5% Bullish RED .006 .191 .197
---------------------------------------------------------------------------------------------
MDY 433.1 -11.3 439.79 -167.3% Bearish RED -.115 .01 -.105
---------------------------------------------------------------------------------------------
IWM 171.23 -4.75 173.31 -141.3% Bearish RED -.091 .018 -.073
---------------------------------------------------------------------------------------------
FAS 51.53 -5.69 55.6 -987.7% Bearish RED -.152 -.296 -.448
---------------------------------------------------------------------------------------------
RETL 6.47 -.45 6.79 -607.3% Bearish RED -.174 -.077 -.251
---------------------------------------------------------------------------------------------
SOXL 16.13 -.29 14.02 698.9% ------- RED -.029 .644 .615
---------------------------------------------------------------------------------------------
TECL 32.03 -.13 27.71 805.7% Bullish RED -.05 .522 .472
---------------------------------------------------------------------------------------------
IBB 124.5 -2.24 125.37 100.9% ------- RED -.062 -.012 -.074
---------------------------------------------------------------------------------------------
GLD 183.77 5.2 177.86 279.6% Bullish BLUE .103 .107 .21
---------------------------------------------------------------------------------------------
DBO 13.1 -.25 14.36 -584.8% Bearish RED .112 -.04 .072
---------------------------------------------------------------------------------------------
OIH 257.59 -7.89 281.53 -663% Bearish RED -.175 -.071 -.246
---------------------------------------------------------------------------------------------
CPER 23.75 .16 24.7 -134.4% Bullish RED .194 .09 .284
---------------------------------------------------------------------------------------------
TAN 69.41 -2.84 75.13 -380.4% ------- RED .043 -.011 .032
---------------------------------------------------------------------------------------------
UUP 28.2 -.16 28.09 -26.5% Bearish RED -.014 .049 .035
---------------------------------------------------------------------------------------------
CORN 24.77 .07 24.42 38.7% Bearish ---- -.124 -.009 -.133
---------------------------------------------------------------------------------------------
WEAT 7.15 .07 6.95 156.6% ------- BLUE -.185 -.011 -.196
---------------------------------------------------------------------------------------------
YINN 39.62 -.29 39.33 111.9% Bearish RED -.067 -.305 -.372
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/17/23
Bullish = 5
Bearish = 43
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .555 .666 .444 .555 .5 .444
SEMI .553 .563 .542 .574 .553 .553
NIFTY .545 .59 .522 .568 .454 .409
GOLD .521 .26 .282 .26 .217 .173
NASD-100 .52 .55 .5 .48 .38 .37
--------------------------------------------------------------------------------------------
SOFTWARE .5 .5 .428 .446 .375 .446
--------------------------------------------------------------------------------------------
GAMING .473 .578 .473 .578 .473 .526
ELECTRON .466 .518 .458 .526 .481 .511
COMPUTER .45 .55 .35 .5 .35 .35
HACKERS .437 .562 .375 .437 .375 .5
HIGHPRIC .372 .415 .333 .402 .303 .277
BEVERAGE .357 .5 .5 .428 .428 .5
FOOD .306 .285 .244 .306 .285 .306
GUNS .285 .428 .428 .571 .5 .571
COMODITY .282 .256 .205 .282 .282 .256
INDEXES .281 .259 .21 .254 .205 .216
UTILITY .263 .289 .21 .157 .052 .026
RETAIL .255 .297 .255 .255 .191 .276
BIOTECH .238 .281 .272 .292 .258 .258
MILITARY .23 .461 .307 .538 .423 .5
RUS-1000 .219 .28 .234 .283 .219 .242
-----
LOWPRICE .214 .229 .203 .246 .214 .257
BONDFUND .206 .183 .183 .091 .114 .068
CHINA .204 .181 .181 .204 .227 .181
SP500 .204 .256 .213 .247 .19 .217
-----
FIDSTKS .201 .248 .207 .218 .165 .183
DOWJONES .2 .2 .166 .233 .166 .166
-----
MARIJUAN .2 .2 .2 .2 .2 .2
INDMATER .194 .236 .18 .305 .236 .291
AUTO .188 .264 .207 .283 .264 .301
SOLAR .187 .187 .187 .312 .375 .312
INFRA .181 .212 .212 .363 .272 .363
GREEN .166 .277 .222 .388 .388 .388
SP-100 .166 .211 .166 .166 .111 .111
DJI-13 .153 .153 .076 .153 .153 .076
COPPER .142 .142 .142 .428 .428 .428
HOSPITAL .142 .428 .285 .357 .142 .214
OILGAS .123 .123 .104 .209 .209 .295
CHEM .116 .186 .116 .209 .162 .162
ETFS .109 .2 .09 .345 .254 .272
REIT .107 .153 .153 .161 .115 .123
TRANSP .105 .21 .105 .263 .368 .421
FINANCE .075 .087 .075 .112 .075 .125
-----
INSURANC .04 .12 .04 .16 .12 .2
BIGBANKS 0 0 0 0 0 0
COAL 0 .166 0 .166 .166 .5
EDU 0 .166 0 .166 0 0
JETS 0 .076 0 .307 .384 .384
REGBANKS 0 0 0 .024 0 .024
|
====================================================================================
Friday 3/17/2023: 6:00 AM Futures: DJI -300 NASDAQ -65 Data Used 3/16/2023
| |
3-16-2023
|
|
| |
Peerless remains on a Sell S10. The A/D Line is falling. Table 3 shows that
most stocks are below their 65-dma. Volume remains much higher on down-days.
The DJI's 32500 resistance still stands and the SP-500 is still below its falling 65-dma.
But today's bailout, though it's now called that, did show us why the key ETFs'
Closing Powers were in short-term up=trends. Professionals expected
another FED bailout, this time of First Republic Bank. But the DJI only gained
half of what the NASDAQ did.
The tech market remains selectively bullish. The NASDAQ, QQQ,
TECL and SOXL not only show rising Closing Powers now, they also
show exceptionally high Relative Strength ITRS values. ITRS is
the difference between the 50-day pct change of the stock or ETF
and the 50-day pct. change of the DJI. As long as the Closing Powers
of the major market ETFs shown below and NVDA keep rising, they are
apt to continue to outpace the DJI by a wide margin and they should
be carefully bought next week
High performance investors are buying the strongest techs aggressively
because they believe the FED will now not raise rates Instead, Powell
and the FED will choose to hold up the weak financial stocks to
prevent another panic and also to avoid large numbers of margin calls.
In this atmosphere, even without a new Peerless Buy signal, the DJI
may be able to rally above 32500 and even come close to its falling 65-dma.
After that, if there are no new Peerless Buys, there could be serious decline.
Friday may be volatile because of option expirations. Today's strength
is enticing. NVDA and SOXL remain my favorites. But let's wait until next
week.
Try to sell FAZ at 25 tomorrow.
"Don't Fight The Fed?"
Fear that the 14th largest bank would fail caused Treasury Secretary Yellen,
JP Morgan's Dimon and Fed Chairman Thursday morning. after another weak
opening,. to get the biggest US banks to pledge to deposit $30 billion in First
Republic Bank. Where would they get this kind of money? Presumably, the FED
will be sure that they have it. The FED is now providing cash (or loans)
for any bank that wants to proffer its long-term under-the-water Treasury bonds.
The FED will give the bank what the long-term bonds cost, or par value,
when interest rates were much lower. This is a huge subsidy. In doing so, the
FED is showing its determination to shore up depositors' confidence in the
banking system. It is doing it's best not to appear to be directly bailing out big
banks.
But the truth is that banks have already availed themselves of more than
$10 billion from the FED in this way, according to the NY Times.
https://www.nytimes.com/2023/03/16/business/economy/interest-rates-silicon-valley-bank.html?campaign_id=2&emc=edit_th_20230317&instance_id=87463&nl=todaysheadlines®i_id=58223894&segment_id=127992&user_id=ebc2a133c7a3b83a9a92049aae5a2e03
More Trouble ahead?
It is not clear that the FED has gone far enough. What about the next bank?
What about under-the-water long-term mortgages? How much will that cost? Who
will
really pay? Today's hasty bailout shows a lot of desperation on the part of the FED.
Now Jamey Dimon looks very worried. Will they pause in their interest rate hikes?
Despite today's rally, the number of new lows was still 461 on the NYSE and
the NASDAQ. In particular, REITs remain in big trouble. And the big banks
could not turn around much today.
Professionals did boost regional banks and tech stocks. That should help
reduce margin calls. But Charles Schwab declined for the day. The biggest gainers
among the strongest sectors were Semi-conductors. NVDA made a classic
flat-top breakout and traders were quick to jump aboard. It rose 15. It
benefited
by having a nearly perfect trading chart at a time when very few stocks looked
so strong and bullish.
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Statistics - Breadth and Volume
| Advances |
2,291 |
677 |
431 |
| Declines |
737 |
2,349 |
2,680 |
| Unchanged |
105 |
106 |
68 |
| New
highs |
16 |
12 |
51 |
| New
lows |
177 |
266 |
96 |
| Adv.
volume* |
922,575,070 |
313,966,921 |
59,655,128 |
| Decl.
volume* |
292,521,804 |
1,128,931,047 |
903,762,181 |
| Total
volume* |
1,251,964,672 |
1,456,375,378 |
973,188,507 |
| Closing
Arms (TRIN)† |
1.00 |
1.13 |
2.11 |
| Block
trades* |
5,245 |
6,326 |
4,744 |
| Adv.
volume |
4,084,613,001 |
1,325,463,908 |
309,523,652 |
| Decl.
volume |
1,310,570,032 |
5,191,553,170 |
4,059,056,153 |
| Total
volume |
5,695,795,412 |
6,594,014,716 |
4,445,267,882 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,674 |
4,655 |
4,731 |
| Advances |
2,949 |
1,317 |
940 |
| Declines |
1,517 |
3,116 |
3,597 |
| Unchanged |
208 |
222 |
194 |
| New
highs |
54 |
28 |
72 |
| New
lows |
284 |
432 |
308 |
| Closing
Arms (TRIN)† |
0.68 |
0.60 |
0.98 |
| Block
trades |
31,833 |
35,404 |
32,364 |
| Adv.
volume |
3,846,482,829 |
2,410,647,358 |
1,056,645,043 |
| Decl.
volume |
1,335,675,196 |
3,446,802,032 |
3,969,048,697 |
| Total
volume |
5,498,924,586 |
5,912,435,516 |
5,061,797,851 |
|
Table 2 QUICKSILVER on ETFS - 3/16/2023 ---
Bullish = 3 SOXL (+.808), TECL(+.525) CPER
Bearish = 2 FAS (-.259), WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 323.25 3.71 319.73 2.7% ------- BLUE .014 ----- -----
---------------------------------------------------------------------------------------------
COMPQX 11717.28 283.23 11138.89 167.6% Bullish BLUE .013 .152 .165
---------------------------------------------------------------------------------------------
SPY 396.11 6.83 385.91 58.5% Bullish BLUE .041 .064 .105
---------------------------------------------------------------------------------------------
QQQ 306.81 7.88 288.55 240.9% Bullish BLUE .055 .184 .239
---------------------------------------------------------------------------------------------
MDY 444.4 6.04 447.95 -185.8% Bearish BLUE -.064 .032 -.032
---------------------------------------------------------------------------------------------
IWM 175.98 2.37 176.18 -154.1% Bearish BLUE .012 .039 .051
---------------------------------------------------------------------------------------------
FAS 57.22 3.12 62.94 -801.9% Bearish BLUE -.052 -.207 -.259
---------------------------------------------------------------------------------------------
RETL 6.92 .18 7.31 -654.7% Bearish BLUE -.084 .045 -.039
---------------------------------------------------------------------------------------------
SOXL 16.42 1.73 14.05 517.9% Bullish BLUE .03 .778 .808
---------------------------------------------------------------------------------------------
TECL 32.16 2.5 27.31 579.9% Bullish BLUE .004 .521 .525
---------------------------------------------------------------------------------------------
IBB 126.74 .68 121.97 111.7% ------- BLUE .001 -.001 0
---------------------------------------------------------------------------------------------
GLD 178.57 .36 173.87 238.6% Bullish RED .067 .068 .135
---------------------------------------------------------------------------------------------
DBO 13.35 .03 14.73 -416.3% ------- BLUE .171 -.073 .098
---------------------------------------------------------------------------------------------
OIH 265.48 2.77 294.39 -640.8% ------- BLUE -.141 -.059 -.2
---------------------------------------------------------------------------------------------
CPER 23.59 -.11 24.4 -182.7% Bullish BLUE .311 .059 .37
---------------------------------------------------------------------------------------------
TAN 72.25 -.98 75.06 -317.1% Bullish RED .143 .025 .168
---------------------------------------------------------------------------------------------
UUP 28.36 -.03 28.35 -30% Bullish ---- -.046 .033 -.013
---------------------------------------------------------------------------------------------
CORN 24.7 .12 24.58 69.4% Bearish BLUE -.15 -.048 -.198
---------------------------------------------------------------------------------------------
WEAT 7.08 -.02 6.93 208.2% ------- ---- -.232 -.075 -.307
---------------------------------------------------------------------------------------------
YINN 39.91 1.45 38.74 149.7% Bearish BLUE -.035 -.194 -.229
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/16/23
Bullish = 8
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .666 .444 .555 .5 .444 .611
NIFTY .59 .522 .568 .454 .431 .454
GAMING .578 .473 .526 .526 .526 .578
SEMI .563 .542 .574 .553 .542 .606
----
HACKERS .562 .375 .437 .375 .5 .562
COMPUTER .55 .35 .5 .35 .35 .45
NASD-100 .55 .5 .48 .38 .37 .41
-----
ELECTRON .518 .458 .526 .481 .503 .563
--------------------------------------------------------------------------------------------------
BEVERAGE .5 .5 .428 .428 .5 .571
SOFTWARE .5 .446 .446 .375 .446 .482
--------------------------------------------------------------------------------------------------
MILITARY .461 .307 .538 .423 .538 .576
GUNS .428 .428 .571 .5 .571 .571
HOSPITAL .428 .285 .357 .142 .214 .428
HIGHPRIC .415 .333 .402 .303 .285 .389
RETAIL .297 .255 .255 .191 .255 .34
UTILITY .289 .21 .157 .052 .026 .105
FOOD .285 .265 .285 .285 .306 .306
BIOTECH .281 .269 .295 .258 .258 .309
RUS-1000 .28 .234 .283 .219 .246 .339
-----
GREEN .277 .222 .388 .388 .388 .555
AUTO .264 .226 .283 .264 .301 .377
GOLD .26 .282 .26 .217 .173 .086
INDEXES .259 .21 .254 .205 .216 .318
COMODITY .256 .23 .256 .282 .256 .307
SP500 .256 .213 .25 .186 .223 .284
------
FIDSTKS .248 .207 .218 .165 .189 .236
INDMATER .236 .18 .305 .236 .291 .375
LOWPRICE .229 .206 .249 .214 .257 .318
INFRA .212 .212 .363 .272 .363 .515
SP-100 .211 .166 .166 .111 .122 .133
TRANSP .21 .105 .263 .368 .421 .578
DOWJONES .2 .166 .233 .166 .2 .2
-----
ETFS .2 .09 .345 .254 .29 .363
MARIJUAN .2 .2 .2 .2 .2 .2
SOLAR .187 .187 .312 .375 .312 .5
CHEM .186 .116 .209 .162 .162 .302
BONDFUND .183 .183 .091 .114 .08 .034
CHINA .181 .181 .204 .227 .181 .136
COAL .166 0 .166 .166 .5 .5
EDU .166 0 .166 0 0 .166
DJI-13 .153 .076 .153 .153 .153 .076
REIT .153 .146 .169 .123 .115 .207
COPPER .142 .142 .428 .428 .428 .428
OILGAS .123 .104 .209 .209 .295 .323
INSURANC .12 .04 .16 .12 .2 .24
FINANCE .087 .075 .112 .062 .125 .187
-----
JETS .076 0 .307 .384 .461 .461
BIGBANKS 0 0 0 0 0 0
-----
REGBANKS 0 0 .024 0 .024 .024
-----
|
===================================================================================
Thursday 3/16/2023: 5:15 AM Futures: DJI -90 NASDAQ +33 Data Used 3/15/2023
| |
3-15-2023
|
|
| |
The Peerless Sell S10 remains in effect. The 32500-34500 pattern's breakdown
projects a
minimum target of 31500. That is also a 50% loss of the gain in the DJI
from October to
February. But the DJI and most of the market are showing little
ability to rally
despite news that Credit Suisse was bailed by the Swiss Givernment.
There also
appears much more downside potential in the weakest stocks than
the ones still
near their highs.
A lack of
confidence is the problem. No one knows when and where the next
"bust" or bankruptcy news will hit the market. Looking at the bearish MINCPs,
we see lots
of potential candidates for this ignominy. Bear markets have a way of
revealing
to the public those companies that "cooked their books" with false earnings
and inflated
reserves. We have no way of knowing how many more companies have
on their books
long-term bonds and mortgages which are valued at par or
original cost and
have not been marked to a market where interest rates have shot
up from below 1%
to much higher levels.
NY Professionals,
judging from the short-term rising Closing Powers, have not
yet given up
supporting the market. But once again, they are faced with lots of
overseas selling.
They might get a short-term rally going. But volume is too low and
breadth is too
miserable to expect the many weak sectors or the DJI to get up to
where the various
support levels failed last week. Stay heavily short.
The FED if it is
prudent will pause in raising rates. The FOMC does not offcially meet
until March 21st.
There is a deafening silence from Powell and his friends. Inflation is
still double or
triple their stated goal of 2%, but the Producer Price Index did fall last month
from the previous
month and oil prices are near 12-month lows. In light of the bank
failures, Silicon
Valley and Signature, and the role the fast rise in interest rates played
in this, one
might expect them to pause. But they are embarrassed again by being in
the bail-out
business and by now making special loans to banks whose balance sheets
have been hurt by
the rapid rise in rates. So, the FED acts befuddled. They cannot
reverse course
without once again looking like they do not know what they are
doing. They
are in a self-made quandry just when Wall Street needs some
confidence-building certainty and leadership. They will temporize and delay
speaking up.
Our statistics are
clearly bearish even if the DJI tries to hold up without retesting
30,000 and the NASDAQ
fights to get back above its 200-day and 65-dma. The NYSE
and NASDAQ, for
example, show 698 new lows and our Table 2 tells us that less than
25% of the SP-500 and
DJI-30 stocks are above their 65-dma supports. That number is
24% for all the stocks
we track.
When I was just
beginning my training as a broker with Harris, Upham on Wall Street,
one of best known
"technicians" of the day, Ralph
Acampora, told me not to trust
"internal"
support lines as much as 6-month or longer lows. By that counsel, we should
be wary of any
market bounces until the DJI falls below 29,000, the SP-500 reaches
3600 and the NASDAQ
10,400.
Insurance stocks, in
particular, are warning us of more trouble. As a group, isnurance
stocks are down 15%
since peaking only 8 trading days ago. Bank of America is at
a 12-month low, having
broken down on very heavy volume. Goldman Sachs has
completed a rare, but
very bearish "hands above the head' pattern. Wells Fargo is
almost down to its
12-month lows and JP Morgan has just made a 65-day low. So,
I would continue to
hold long FAZ, the leveraged short ETF of financials. Not only
are financials under
pressure because of lost confidence for regionals, their traders
are becoming frustrated
because there is so much new volatility in overseas markets
and because they know
they will be subjected to more regulatory interference
with their profits.
So, I hope
readers are now short some of our bearish MINCPs. SOXL, NVDA
and even QQQ may try to
run up from here, but when a real bear market
comes, almost nothing
holds up. |
|
| |
Charts - 3/15/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90315.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-15-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-15-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,132 |
3,157 |
3,165 |
| Advances |
677 |
2,305 |
1,574 |
| Declines |
2,349 |
763 |
1,459 |
| Unchanged |
106 |
89 |
132 |
| New
highs |
12 |
18 |
45 |
| New
lows |
266 |
99 |
56 |
| Adv.
volume* |
313,966,921 |
954,262,813 |
382,952,526 |
| Decl.
volume* |
1,128,931,047 |
328,057,467 |
395,534,656 |
| Total
volume* |
1,456,375,378 |
1,300,612,509 |
784,820,908 |
| Closing
Arms (TRIN)† |
1.13 |
1.23 |
1.10 |
| Block
trades* |
6,326 |
5,410 |
4,012 |
| Adv.
volume |
1,325,463,908 |
3,941,935,372 |
1,736,059,525 |
| Decl.
volume |
5,191,553,170 |
1,607,340,681 |
1,766,097,389 |
| Total
volume |
6,594,014,716 |
5,665,877,851 |
3,535,574,013 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,655 |
4,682 |
4,712 |
| Advances |
1,317 |
2,885 |
2,095 |
| Declines |
3,116 |
1,576 |
2,380 |
| Unchanged |
222 |
221 |
237 |
| New
highs |
28 |
31 |
63 |
| New
lows |
432 |
214 |
193 |
| Closing
Arms (TRIN)† |
0.60 |
1.19 |
0.97 |
| Block
trades |
35,404 |
31,711 |
39,364 |
| Adv.
volume |
2,410,647,358 |
3,327,970,195 |
2,397,929,791 |
| Decl.
volume |
3,446,802,032 |
2,159,473,623 |
2,631,836,329 |
| Total
volume |
5,912,435,516 |
5,533,129,563 |
5,085,972,872 |
|
Table 2 QUICKSILVER on ETFS - 3/15/2023 ---
Bullish = 2 SOXL (+.578), CPER
Bearish = 3 FAS (-.372), OIH, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 319.54 -2.65 323.08 -138.8% Bearish BLUE -.055 ----- -----
---------------------------------------------------------------------------------------------
COMPQX 11434.05 5.9 11338.36 -62.6% ------- BLUE -.005 .128 .123
---------------------------------------------------------------------------------------------
SPY 389.28 -2.45 391.56 -123.4% Bearish BLUE -.009 .053 .044
---------------------------------------------------------------------------------------------
QQQ 298.93 1.56 292.66 18.9% ------- BLUE .026 .158 .184
---------------------------------------------------------------------------------------------
MDY 438.36 -9.8 461.01 -374.9% Bearish BLUE -.124 .026 -.098
---------------------------------------------------------------------------------------------
IWM 173.61 -2.91 181.41 -363.2% Bearish BLUE -.028 .031 .003
---------------------------------------------------------------------------------------------
FAS 54.1 -4.83 66.79 -1713.2% Bearish BLUE -.143 -.229 -.372
---------------------------------------------------------------------------------------------
RETL 6.74 -.08 7.85 -1065% Bearish BLUE -.095 .005 -.09
---------------------------------------------------------------------------------------------
SOXL 14.69 -.53 14.91 -378.3% ------- BLUE .023 .555 .578
---------------------------------------------------------------------------------------------
TECL 29.66 .04 28.84 -85.3% Bearish BLUE -.019 .378 .359
---------------------------------------------------------------------------------------------
IBB 126.06 -.89 123.95 -12.8% Bearish BLUE -.037 -.004 -.041
---------------------------------------------------------------------------------------------
GLD 178.21 1.38 170.2 278.7% Bullish RED .089 .086 .175
---------------------------------------------------------------------------------------------
DBO 13.32 -.6 14.53 -484.4% ------- ---- .159 -.089 .07
---------------------------------------------------------------------------------------------
OIH 262.71 -20.75 301.98 -919.1% Bearish RED -.206 -.1 -.306
---------------------------------------------------------------------------------------------
CPER 23.7 -.79 24.48 -171.3% ------- RED .28 .062 .342
---------------------------------------------------------------------------------------------
TAN 73.23 -2.39 77.02 -335.8% Bullish RED .159 .04 .199
---------------------------------------------------------------------------------------------
UUP 28.39 .3 28.53 -38.8% Bullish RED -.043 .056 .013
---------------------------------------------------------------------------------------------
CORN 24.58 -.03 24.36 -34.6% Bearish BLUE -.185 -.052 -.237
---------------------------------------------------------------------------------------------
WEAT 7.1 .04 6.79 100.9% ------- ---- -.276 -.075 -.351
---------------------------------------------------------------------------------------------
YINN 38.46 -1.67 38.74 -655.3% Bearish BLUE -.055 -.132 -.187
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/15/23
Bullish = 2
Bearish = 45
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SEMI .542 .574 .553 .542 .595 .702
-----
NIFTY .522 .568 .454 .431 .454 .659
===============================================================================================
BEVERAGE .5 .428 .428 .5 .571 .571
NASD-100 .5 .48 .38 .37 .41 .55
-----
===============================================================================================
GAMING .473 .526 .473 .578 .578 .684
ELECTRON .458 .526 .481 .503 .556 .646
SOFTWARE .446 .464 .375 .446 .482 .589
HOMEBLDG .444 .555 .5 .444 .611 .666
GUNS .428 .571 .5 .571 .571 .642
HACKERS .375 .437 .375 .5 .562 .562
COMPUTER .35 .5 .35 .35 .45 .55
HIGHPRIC .333 .402 .303 .285 .389 .567
MILITARY .307 .538 .423 .538 .576 .692
HOSPITAL .285 .357 .142 .214 .428 .5
GOLD .282 .26 .217 .173 .086 .086
BIOTECH .269 .292 .261 .258 .306 .349
FOOD .265 .306 .265 .306 .326 .326
RETAIL .255 .255 .191 .255 .319 .468
RUS-1000 .234 .283 .219 .246 .34 .473
------
COMODITY .23 .282 .256 .256 .333 .333
AUTO .226 .301 .264 .301 .377 .566
GREEN .222 .388 .388 .388 .555 .5
SP500 .213 .25 .188 .219 .288 .411
-----
INFRA .212 .363 .272 .363 .515 .666
INDEXES .21 .254 .205 .216 .318 .486
UTILITY .21 .157 .052 .026 .078 .157
FIDSTKS .207 .218 .165 .189 .242 .402
LOWPRICE .206 .252 .217 .257 .315 .369
MARIJUAN .2 .2 .2 .2 .2 .2
SOLAR .187 .312 .375 .312 .5 .5
BONDFUND .183 .091 .114 .08 .045 .068
CHINA .181 .204 .227 .181 .159 .272
INDMATER .18 .305 .236 .291 .375 .486
DOWJONES .166 .233 .166 .2 .2 .366
-----
SP-100 .166 .166 .111 .122 .133 .344
REIT .146 .161 .13 .123 .207 .315
COPPER .142 .428 .428 .428 .428 .428
CHEM .116 .209 .162 .162 .325 .488
TRANSP .105 .263 .368 .421 .578 .736
OILGAS .104 .209 .209 .295 .314 .4
ETFS .09 .345 .254 .29 .363 .418
DJI-13 .076 .153 .153 .153 .076 .23
FINANCE .075 .112 .062 .112 .187 .425
INSURANC .04 .16 .12 .2 .24 .4
BIGBANKS 0 0 0 0 0 .428
COAL 0 .166 .166 .5 .5 .5
EDU 0 .166 0 0 .166 .333
JETS 0 .307 .384 .461 .461 .692
REGBANKS 0 .024 0 .024 .024 .17
|
====================================================================================
Wednesday
3/15/2023: 6:13 AM Futures:
DJI -600 NASDAQ -200 Data Used 3/14/2023
| |
3-14-2023
DJIA
32155.40 + 336.26 + 1.06%S&P
500 3919.29 +63.53 +1.65%
Nasdaq
11428.15 + 239.31 + 2.14% |
|
| |
We are
operating under a Peerless Sell S10. The key support failure in the blue chips
cannot easily be
reversed. Bear market news is upon us again today. The best support
for the DJI will not
come until it reaches 30000. And that may give way.. I hope readers
are now short using our
bearish MINCPs and FAZ. The long position we still have in SOXL
should be closed out.
When a real bear market comes, almost nothing holds up. |
|
| |
Charts - 3/14/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90314.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-14-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-14-2023/BEARISH.htm |
|
| |
|
|
| |
News on Regional Banks - 3/15/2023
The NY Times revealed
tonight that the FED will loan money at attractive rates
to regional banks whose
liquid capital has been "eroded" because of higher interest rates. https://www.nytimes.com/2023/03/14/us/politics/inside-silicon-valley-bank-rescue.html?campaign_id=2&emc=edit_th_20230315&instance_id=87461&nl=todaysheadlines®i_id=58223894&segment_id=127802&user_id=ebc2a133c7a3b83a9a92049aae5a2e03
So, far this item has
been ignored by the media and the FED is not talking. The higher intrest rates
policy
of the FED are, in
effect, falling apart, or, at least do not apply to regional banks. Publicly
Biden and
Yellen failed to
mention this little detail as they pranced back and forth claiming that there woulld be no
bailout in the
aftermath of the Silicon Valley bank failure.
Where will the market
go next? Peerless has rendered a Sell S10 on the DJI's
breakdown below
well-tested horizontal support at 32500 which was confirmed
by quite negative
internal strength readings. I have spent a lot of time these last
few days doing more
back-testing of such breakdowns. There are four cases
that show a similar
price pattern and are near their yearly price highs. But their
internals were in some
way better than on our recent S10. See them just
below. The
conclusiion I draw from them is any rally towards the 65-dma is likely
to fizzle unless we get
a Peerless Buy signal.
10/3/1929. On
this the date of the pattern's breakdown the DJI was already
fast-descending,
showing an AROC of -1.632. But the daily change in the P-I
was only -14.
Soon afterward the DJI rallied back up towards its flat 65-dma.
when that rally
failed, the DJI collapsed, falling from 350 to 200 in 10 weeks.
I have decided
not to allow an automatic Sell S10 when the P-change is not
below -30.
So, this would not be accorded officially as a Sell S10. But it
still shows a
rally up above the point of breakdown can occur and that it may
fail badly at the
purple 65-dma.
 |
|
| |
7/22/1946 - The Classic Head/Shoulders top was completed on 7/22/1946.
Serious strikes
lay ahead as dock workers wanted their wages lifted for the first time since before World
War II.
But see how the PChange and the IP21 were positive. They did not confirm the price
breakdown.
A rally back above the neckline soon followed. But there were no Peerless Buy
signals and
the DJI decline from 204 to 165 in ten weeks.
 |
8/10/1948
On this date the DJI also closed below well-tested horizontal support.
I would again
not accord
this breakdown, shown below by the circled S10, with the status of an official Sell S10,
the reason
being that the P-I daily change was only -28. As in the 1929 case above, there
was soon a
rally back towards the purple 65-dma. Again the rally failed there. The dip
that
followed
would ideally have been reversed near the lower band because the P-I failed to confirm
that low.
Seasonally, a rally in the third quarter of a Presidential Election Year is quite
common.
So, it
would not have been a surprise.
|
|
8/14/2007 Again, in this case, the DJI broke below well-tested closing support.
The decline quickly came to an end as Peerless gave new Buy signals. In addition,
the IP21 was only a moderately negative -.088 on the breakdown. A Peerless user
would have been long for this rebound and recovery. But as in all the other cases,
he should have been worried that a much bigger decline was not far away..
 |
|
| |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,157 |
3,156 |
3,161 |
| Advances |
2,305 |
839 |
630 |
| Declines |
763 |
2,237 |
2,430 |
| Unchanged |
89 |
80 |
101 |
| New
highs |
18 |
14 |
58 |
| New
lows |
99 |
345 |
49 |
| Adv.
volume* |
954,262,813 |
389,189,719 |
111,638,477 |
| Decl.
volume* |
328,057,467 |
1,006,759,315 |
752,308,857 |
| Total
volume* |
1,300,612,509 |
1,405,541,742 |
877,438,532 |
| Closing
Arms (TRIN)† |
1.23 |
0.99 |
1.37 |
| Block
trades* |
5,410 |
6,021 |
4,182 |
| Adv.
volume |
3,941,935,372 |
1,787,499,184 |
612,546,927 |
| Decl.
volume |
1,607,340,681 |
4,733,189,351 |
3,239,206,260 |
| Total
volume |
5,665,877,851 |
6,558,029,162 |
3,922,509,886 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,682 |
4,751 |
4,710 |
| Advances |
2,885 |
1,742 |
1,406 |
| Declines |
1,576 |
2,822 |
3,100 |
| Unchanged |
221 |
187 |
204 |
| New
highs |
31 |
31 |
62 |
| New
lows |
214 |
623 |
154 |
| Closing
Arms (TRIN)† |
1.19 |
0.67 |
1.26 |
| Block
trades |
31,711 |
34,562 |
40,937 |
| Adv.
volume |
3,327,970,195 |
2,956,080,206 |
1,424,716,055 |
| Decl.
volume |
2,159,473,623 |
3,215,033,356 |
3,967,339,075 |
| Total
volume |
5,533,129,563 |
6,201,497,384 |
5,422,826,701 |
|
Table 2 QUICKSILVER on ETFS - 3/14/2023 ---
Bullish = 2 SOXL (+.595), CPER
Bearish = 3 FAS (-.447), WEAT, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 322.19 3.37 328.49 -103.2% Bearish ---- -.097 0 -------
---------------------------------------------------------------------------------------------
COMPQX 11428.15 239.31 11576.01 -45% ------- BLUE -.012 .12 .108
---------------------------------------------------------------------------------------------
SPY 391.73 6.37 398.92 -83.4% Bearish BLUE -.055 .051 -.004
---------------------------------------------------------------------------------------------
QQQ 297.37 6.68 297.82 17.6% ------- BLUE -.008 .146 .138
---------------------------------------------------------------------------------------------
MDY 448.16 8.37 472.39 -258.9% Bearish RED -.152 .037 -.115
---------------------------------------------------------------------------------------------
IWM 176.52 3.21 186.6 -276.3% Bearish RED -.084 .039 -.045
---------------------------------------------------------------------------------------------
FAS 58.93 3.33 76.05 -1339.9% Bearish RED -.27 -.177 -.447
---------------------------------------------------------------------------------------------
RETL 6.82 .03 8.32 -965.5% Bearish RED -.12 .018 -.102
---------------------------------------------------------------------------------------------
SOXL 15.22 1.2 15.81 194% ------- BLUE -.009 .604 .595
---------------------------------------------------------------------------------------------
TECL 29.62 1.91 30.15 33.1% Bearish BLUE -.056 .364 .308
---------------------------------------------------------------------------------------------
IBB 126.95 1.58 126.38 -12% Bearish BLUE -.056 -.004 -.06
---------------------------------------------------------------------------------------------
GLD 176.83 -1.03 168.54 238.9% Bullish RED .143 .077 .22
---------------------------------------------------------------------------------------------
DBO 13.92 -.44 14.72 -327.8% ------- RED .115 -.035 .08
---------------------------------------------------------------------------------------------
OIH 283.46 1.93 317.06 -640.1% Bearish RED -.164 -.031 -.195
---------------------------------------------------------------------------------------------
CPER 24.49 -.21 24.54 53.1% Bullish RED .292 .087 .379
---------------------------------------------------------------------------------------------
TAN 75.62 .49 78.35 -205.5% Bullish RED .162 .064 .226
---------------------------------------------------------------------------------------------
UUP 28.09 0 28.61 -93.2% Bullish ---- -.01 .037 .027
---------------------------------------------------------------------------------------------
CORN 24.61 .19 24.75 -103.5% Bearish BLUE -.131 -.057 -.188
---------------------------------------------------------------------------------------------
WEAT 7.06 .11 6.96 -7.2% ------- BLUE -.271 -.066 -.337
---------------------------------------------------------------------------------------------
YINN 40.13 .8 43.72 -594.7% Bearish BLUE -.086 -.164 -.25
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/14/23
Bullish = 7
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SEMI .574 .553 .542 .595 .691 .67
=====
GUNS .571 .5 .571 .571 .642 .642
NIFTY .568 .454 .431 .454 .659 .568
HOMEBLDG .555 .5 .444 .611 .666 .611
MILITARY .538 .423 .538 .576 .692 .692
ELECTRON .526 .481 .503 .556 .631 .624
GAMING .526 .473 .526 .631 .684 .631
=============================================================================================
COMPUTER .5 .35 .35 .45 .6 .5
=============================================================================================
NASD-100 .48 .38 .37 .41 .55 .49
=====
SOFTWARE .464 .392 .446 .482 .607 .589
HACKERS .437 .375 .5 .562 .562 .562
BEVERAGE .428 .428 .5 .571 .571 .5
COPPER .428 .428 .428 .428 .428 .285
HIGHPRIC .402 .303 .285 .389 .567 .558
GREEN .388 .388 .388 .555 .5 .611
INFRA .363 .272 .363 .515 .666 .666
HOSPITAL .357 .142 .214 .428 .5 .357
ETFS .345 .254 .29 .363 .436 .363
SOLAR .312 .375 .312 .5 .5 .5
JETS .307 .384 .461 .461 .692 .692
FOOD .306 .285 .285 .326 .326 .326
INDMATER .305 .236 .291 .375 .486 .458
AUTO .301 .283 .301 .377 .547 .566
BIOTECH .292 .258 .261 .306 .352 .375
RUS-1000 .283 .219 .246 .34 .473 .465
======
COMODITY .282 .282 .23 .333 .333 .282
TRANSP .263 .368 .421 .578 .736 .684
GOLD .26 .217 .173 .086 .108 .108
RETAIL .255 .191 .255 .319 .468 .382
INDEXES .254 .205 .216 .318 .486 .475
LOWPRICE .252 .22 .26 .315 .375 .395
SP500 .25 .188 .221 .284 .415 .395
=====
DOWJONES .233 .166 .2 .2 .366 .366
=====
FIDSTKS .218 .165 .189 .242 .408 .384
CHEM .209 .162 .162 .325 .488 .465
OILGAS .209 .209 .295 .314 .4 .419
CHINA .204 .227 .181 .159 .272 .272
MARIJUAN .2 .2 .2 .2 .2 .2
COAL .166 .166 .5 .5 .5 .5
EDU .166 0 0 .166 .333 .666
SP-100 .166 .111 .122 .133 .344 .3
REIT .161 .123 .13 .215 .292 .276
INSURANC .16 .12 .2 .24 .4 .4
UTILITY .157 .052 .026 .078 .157 .157
DJI-13 .153 .153 .153 .076 .23 .23
FINANCE .112 .062 .112 .175 .412 .375
BONDFUND .091 .114 .08 .045 .08 .068
REGBANKS .024 0 .024 .024 .17 .268
BIGBANKS 0 0 0 0 .428 .428
|
===================================================================================
Tuesday 3/14/2023: 5:57 AM Futures: DJI +200 NASDAQ +79
Data Used 3/13/2023
| |
3-13-2013
|
|
| |
The Sell S10 and falling
Peerless internals tell us to expect the decline to resume
unless the FED announces a full-scale pause in
its tightening monetary policy
and this week's CPI numbers show a significant
drop in the rate of inflation..
President Biden's declaration that there will
be no bailouts of corporate
stockholders or bondholders in the case of
regional bank failures sent shivers
down the spines on those who held insurance
stocks, like AIG, REITS,
brokerages like SCHW and even the big banks,
Bank of America and
Goldman Sachs. See below the huge
down-day volume in BAC.
Despite all this, the general market held up
reasonably well. JPM has not broken
its key support, for example. It looks
like we will see a bounce up from the
present oversold market condition. As
long as the NYSE AD Line is falling and
up-day volume is low, we can't expect the DJI
to get back to the 32500 point of
breakdown. Only one group in Table 3
shows a majority of its stocks are still
above their key 65-dma support. That is
Semi-conductors, which are to receive
billions in subsidies to relocate to America
from China. Meanwhile, the disastrous
decline in regional banks continues.
Shareholders do not trust these banks' CEOs
and financial officers' transparency,
especially about the true value of their liquid
assets' eorth, namely the bonds that they
bought when interest rates were much lower.
The Federal Reserve made the big rally of 2020
and 2021. Now their rapid tigtening
of money, rates and selling their bonds and
mortgages off their books are creating a
financial panic, exactly what they were given
all their powers to prevent. Their silence
at this point is
"deafening":. They are lost and do not know what to do. More
inflation
is probably on the way if they pause tightening
of monetary policies. But more
bank failures will almost certainly occur if
they do not pause in their rate hikes.
Our best way to predict what they will do is by
watching the Closing Powers of
DIA, SPY and QQQ. As long as these are in
downtrends, stay short the
bearish MINCPs and long FAZ (the leveraged
negative financials' ETF.) LABD
(3x negative biotechs) should be closed out.
The regional banks look very scary. The
pundits are betting which one is the next
to fail. At the moment, it looks like
there could soon be several more.
http://tigersoftware.com/regbanks/3-13-2023/banks.htm
CPI report just out shows a small reduction in
the rate of the rise in inflation:
CONSUMER PRICE INDEX - FEBRUARY 2023
"The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in February on a seasonally
adjusted basis, after increasing 0.5 percent in January, the U.S. Bureau of Labor Statistics reported
today. Over the last 12 months, the all items index increased 6.0 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 indexes for food, recreation, and household furnishings and
operations also contributing. The food index increased 0.4 percent over the month with the food at home
index rising 0.3 percent. The energy index decreased 0.6 percent over the month as the natural gas and
fuel oil indexes both declined.
"The index for all items less food and energy rose 0.5 percent in February, after rising 0.4 percent in
January. Categories which increased in February include shelter, recreation, household furnishings and
operations, and airline fares. The index for used cars and trucks and the index for medical care were
among those that decreased over the month."
|
|
| |
Charts - 3/13/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90313.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-13-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-13-2023/BEARISH.htm
Regional Banks http://tigersoftware.com/regbanks/3-13-2023/banks.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,156 |
3,169 |
3,182 |
| Advances |
839 |
442 |
1,077 |
| Declines |
2,237 |
2,637 |
1,980 |
| Unchanged |
80 |
90 |
125 |
| New
highs |
14 |
25 |
87 |
| New
lows |
345 |
209 |
23 |
| Adv.
volume* |
389,189,719 |
125,210,319 |
287,970,529 |
| Decl.
volume* |
1,006,759,315 |
1,057,381,884 |
640,255,249 |
| Total
volume* |
1,405,541,742 |
1,185,476,983 |
936,588,306 |
| Closing
Arms (TRIN)† |
0.99 |
1.29 |
1.04 |
| Block
trades* |
6,021 |
5,007 |
4,436 |
| Adv.
volume |
1,787,499,184 |
631,571,800 |
1,358,126,233 |
| Decl.
volume |
4,733,189,351 |
4,870,549,776 |
2,594,146,735 |
| Total
volume |
6,558,029,162 |
5,518,191,585 |
4,000,877,803 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,751 |
4,718 |
4,752 |
| Advances |
1,742 |
859 |
1,564 |
| Declines |
2,822 |
3,671 |
2,986 |
| Unchanged |
187 |
188 |
202 |
| New
highs |
31 |
36 |
93 |
| New
lows |
623 |
547 |
93 |
| Closing
Arms (TRIN)† |
0.67 |
0.87 |
0.65 |
| Block
trades |
34,562 |
38,055 |
36,420 |
| Adv.
volume |
2,956,080,206 |
1,304,819,731 |
2,197,708,483 |
| Decl.
volume |
3,215,033,356 |
4,854,334,233 |
2,739,744,572 |
| Total
volume |
6,201,497,384 |
6,193,501,101 |
4,982,889,850 |
|
Table 2 QUICKSILVER on ETFS - 3/13/2023 ---
Bullish = 5 SOXL (+.586), TECL, GLD, CPER, TAN
Bearish = 3 FAS (-.46), WEAT, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 318.82 -.91 328.87 -242.5% Bearish BLUE -.097 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11188.84 49.95 11530.33 -212.6% Bearish BLUE -.035 .125 .09
---------------------------------------------------------------------------------------------
SPY 385.36 -.55 398.27 -241.4% Bearish BLUE -.064 .053 -.011
---------------------------------------------------------------------------------------------
QQQ 290.69 2.14 296.34 -158.1% ------- BLUE -.046 .147 .101
---------------------------------------------------------------------------------------------
MDY 439.79 -8.16 471.91 -405.5% Bearish BLUE -.131 .038 -.093
---------------------------------------------------------------------------------------------
IWM 173.31 -2.87 186.51 -418.5% Bearish BLUE -.055 .046 -.009
---------------------------------------------------------------------------------------------
FAS 55.6 -7.34 77.07 -1894.5% Bearish RED -.27 -.19 -.46
---------------------------------------------------------------------------------------------
RETL 6.79 -.52 8.31 -935.6% Bearish RED -.101 .089 -.012
---------------------------------------------------------------------------------------------
SOXL 14.02 -.03 14.65 -385.4% ------- BLUE -.026 .612 .586
---------------------------------------------------------------------------------------------
TECL 27.71 .4 29.43 -493.7% Bearish BLUE -.062 .373 .311
---------------------------------------------------------------------------------------------
IBB 125.37 3.4 127.25 -156.2% Bearish BLUE -.056 .006 -.05
---------------------------------------------------------------------------------------------
GLD 177.86 3.99 168.62 182.9% Bullish BLUE .167 .089 .256
---------------------------------------------------------------------------------------------
DBO 14.36 -.37 14.88 -350.1% ------- BLUE .203 -.01 .193
---------------------------------------------------------------------------------------------
OIH 281.53 -12.86 322.31 -765.2% ------- RED -.109 -.013 -.122
---------------------------------------------------------------------------------------------
CPER 24.7 .3 24.23 -34.7% Bullish BLUE .283 .096 .379
---------------------------------------------------------------------------------------------
TAN 75.13 .07 78.78 -295% Bullish BLUE .183 .076 .259
---------------------------------------------------------------------------------------------
UUP 28.09 -.26 28.62 -31.6% Bullish RED .047 .03 .077
---------------------------------------------------------------------------------------------
CORN 24.42 -.16 25.12 -167.3% Bearish BLUE -.144 -.067 -.211
---------------------------------------------------------------------------------------------
WEAT 6.95 .02 7.07 -64.7% ------- BLUE -.237 -.093 -.33
---------------------------------------------------------------------------------------------
YINN 39.33 .59 45.02 -981.5% Bearish BLUE -.144 -.111 -.255
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/13/23
Bullish = 1
Bearish = 46
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
SEMI .553 .542 .595 .691 .659 .702
===========================================================================================
GUNS .5 .571 .571 .642 .642 .785
HOMEBLDG .5 .444 .611 .666 .611 .666
ELECTRON .481 .503 .556 .631 .616 .669
GAMING .473 .526 .578 .736 .631 .684
NIFTY .454 .431 .454 .659 .568 .636
BEVERAGE .428 .5 .571 .571 .428 .5
COPPER .428 .428 .428 .428 .285 .571
MILITARY .423 .538 .576 .692 .692 .73
SOFTWARE .392 .464 .482 .607 .589 .589
GREEN .388 .388 .555 .5 .611 .666
JETS .384 .461 .461 .692 .692 .692
NASD-100 .38 .37 .41 .55 .49 .58
======
HACKERS .375 .5 .562 .562 .562 .562
SOLAR .375 .312 .5 .5 .5 .5
TRANSP .368 .421 .578 .736 .684 .789
COMPUTER .35 .35 .45 .6 .5 .6
HIGHPRIC .303 .285 .389 .567 .554 .614
FOOD .285 .306 .306 .326 .306 .408
AUTO .283 .32 .377 .547 .566 .622
COMODITY .282 .256 .307 .333 .256 .41
INFRA .272 .363 .515 .666 .666 .757
BIOTECH .258 .258 .309 .352 .383 .386
ETFS .254 .29 .363 .436 .381 .527
INDMATER .236 .291 .375 .486 .458 .541
CHINA .227 .181 .159 .272 .272 .34
LOWPRICE .22 .263 .318 .375 .395 .412
RUS-1000 .219 .246 .34 .473 .467 .558
=====
GOLD .217 .173 .086 .108 .108 .13
OILGAS .209 .295 .314 .4 .419 .485
INDEXES .205 .216 .318 .486 .47 .621
MARIJUAN .2 .2 .2 .2 .2 .2
RETAIL .191 .255 .319 .468 .382 .468
SP500 .188 .221 .286 .411 .397 .51
=====
COAL .166 .5 .5 .5 .5 .5
DOWJONES .166 .2 .2 .366 .366 .466
=====
FIDSTKS .165 .189 .242 .408 .384 .491
CHEM .162 .162 .325 .488 .465 .534
DJI-13 .153 .153 .076 .23 .23 .307
HOSPITAL .142 .214 .428 .5 .357 .5
REIT .123 .123 .223 .3 .269 .415
INSURANC .12 .2 .24 .4 .4 .44
BONDFUND .114 .08 .045 .08 .08 .091
SP-100 .111 .122 .133 .344 .3 .466
FINANCE .062 .112 .175 .4 .375 .512
UTILITY .052 .026 .078 .157 .131 .21
BIGBANKS 0 0 0 .428 .428 .571
EDU 0 0 .166 .333 .666 .666
REGBANKS 0 .024 .024 .17 .243 .463
|
===================================================================================
Monday 3/13/2023: 5:50 AM Futures:
DJI - 289 NASDAQ - 80 Data Used 3/10/2023
| |
3-10-2023
|
|
| |
The Sell S10 breakdown shows how
dangerous the current market is. Only a fifth of
the DJI-30 and SP-500 stocks are
still above their 65-dma. For all our stocks and
ETFs, only 27% are above that key
ma. Volume continues to be heavier on down-days,
making a rally up past the 65-dma
seem most difficult. Accrdingly, I have suggested going
short some of the many bearish
MINCPs and buying the negative (short) ETFs,
FAZ and LAPD, to protect any long
positions. Only SOXL, GUNS and COPPER still
show more stocks above their 65-dma
than below in Table 3. Biden's solution for the financial
panic - the protect all depositors
but make banks, as a whole, pay for his protecting
depositors will need to be digested
by Wall Street. It is not clear how the FED will be
reacting. And Congress will
need to give its approval in some form. Will there be other
bank failures? How much money
will Wall Street big banks need to come up with. Lots of
questions remain. We will
need to see how Professionals respond to the developing financial
panic before altering our short
positions. Keep in mind that we will get a report later in the
week on Inflation and February's
CPI.
Two big banks have been closed so
far in the current panic, Silcon Valley Bank and
Signature Bank of NY. Their
charts show how rapid was their downfall. When
we look at other regional banks, we
find other banks in various stages of panic.
Bearish BANKS http://www.tigersoftware.com/regbanks/banks.htm
It is significant that the FEDs
could not find any other bank that was willing to take these
two failed banks over. It is
certainly reminiscent of the Fall of 2008. Biden has done his
part, in bring the depositors
under full protection. Now the Federal Reserve must pause
in its rush to raise rates or the
odds favor more bank failures.
Bank runs and financial panics were
the bane of Wall Street before 1912. That was when
the Federal Reserve supposedly was
created to put an end to binge- and purge-market
conditions. Everything worked
out reasonably well for a few years...until in 1920 and
1921 when they raised rates too
high and caused a near-Depression. Luckily, the
consumer products' boom and an
array of new consumer credit facilities saved the
economy and allowed Wall Street to
soar. But when the Depression came, the Fed
wanted to uphold the Gold Standard
and it failed to provide suffiicient liquidity until 1932
to stop the Great Depression and
hundreds of bank failures. The bank failures largely
ceased after the FDIC was created
in 1933. It guaranteed creditors deposits up to
$250,000. That sum was never
officially expanded to cope with inflation. Now President
Biden, on his own, is giving 100%
backing to all Silicon Valley Bank depositors. He
says the taxpayers won't have to
pay for any of this. All the necessary funds will come from
the sale of bank assets and an
assessment on all other bankers. He also says that banking
regulations must be tightened, so,
for example, banks must mark to the market their
assets such as long-term Treasury
bonds which drop sharply when rates soar from
1% to 4%+.
Stopping bank runs is certainly
desirable from the point of view of the national economy.
Biden's bold action is a potential
game-changer if it shores up confidence in the regional
banks. Can we assume that
Congress will comply with the President's wishes and pass
emmergency banking legislation for
closer supervision, too? The long history of bank failures and
financial regulation and
deregulation is not over, it is probably just entering another
cycle.
Suggested reading:
Silicon Valley Bank https://www.latimes.com/business/story/2023-03-12/with-demands-for-a-bank-bailout-silicon-valley-shows-its-small-government-mantra-was-just-a-scam
Signature Bank of New York
https://www.nytimes.com/2023/03/12/business/signature-bank-collapse.html
|
|
| |
Charts - 3/10/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90310.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-10-2023/Bullish.htm
Bearish MINCPs
www.tigersoftware.com/Downing/3-10-2023/BEARISH.htm
Bearish BANKS http://www.tigersoftware.com/regbanks/banks.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,169 |
3,179 |
3,179 |
| Advances |
442 |
431 |
2,484 |
| Declines |
2,637 |
2,680 |
588 |
| Unchanged |
90 |
68 |
107 |
| New
highs |
25 |
51 |
124 |
| New
lows |
209 |
96 |
18 |
| Adv.
volume* |
125,210,319 |
59,655,128 |
752,553,249 |
| Decl.
volume* |
1,057,381,884 |
903,762,181 |
122,578,894 |
| Total
volume* |
1,185,476,983 |
973,188,507 |
883,179,811 |
| Closing
Arms (TRIN)† |
1.29 |
2.11 |
0.72 |
| Block
trades* |
5,007 |
4,744 |
4,730 |
| Adv.
volume |
631,571,800 |
309,523,652 |
3,409,269,427 |
| Decl.
volume |
4,870,549,776 |
4,059,056,153 |
584,310,671 |
| Total
volume |
5,518,191,585 |
4,445,267,882 |
4,084,738,232 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,718 |
4,731 |
4,716 |
| Advances |
859 |
940 |
3,172 |
| Declines |
3,671 |
3,597 |
1,345 |
| Unchanged |
188 |
194 |
199 |
| New
highs |
36 |
72 |
99 |
| New
lows |
547 |
308 |
66 |
| Closing
Arms (TRIN)† |
0.87 |
0.98 |
0.58 |
| Block
trades |
38,055 |
32,364 |
40,479 |
| Adv.
volume |
1,304,819,731 |
1,056,645,043 |
4,055,571,678 |
| Decl.
volume |
4,854,334,233 |
3,969,048,697 |
998,838,342 |
| Total
volume |
6,193,501,101 |
5,061,797,851 |
5,102,218,692 |
|
Table 2 QUICKSILVER on ETFS - 3/10/2023 ---
Bullish = 2 SOXL, CPER
Bearish = 3 FAS, CORN, WEAT, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 319.73 -3.35 334.68 -219.5% Bearish RED -.099 0 =====
---------------------------------------------------------------------------------------------
COMPQX 11138.89 -199.47 11675.74 -237.9% Bearish RED -.078 .114 .036
---------------------------------------------------------------------------------------------
SPY 385.91 -5.65 404.47 -228.8% Bearish RED -.093 .05 -.043
---------------------------------------------------------------------------------------------
QQQ 288.55 -4.11 300.02 -187.2% Bearish RED -.09 .133 .043
---------------------------------------------------------------------------------------------
MDY 447.95 -13.06 477.6 -376% Bearish RED -.15 .047 -.103
---------------------------------------------------------------------------------------------
IWM 176.18 -5.23 188.7 -409.7% Bearish RED -.07 .055 -.015
---------------------------------------------------------------------------------------------
FAS 62.94 -3.85 83.35 -1305.1% Bearish RED -.173 -.09 -.263
---------------------------------------------------------------------------------------------
RETL 7.31 -.54 8.29 -913.5% Bearish RED -.141 .126 -.015
---------------------------------------------------------------------------------------------
SOXL 14.05 -.86 15.17 -534.6% ------- RED -.075 .554 .479
---------------------------------------------------------------------------------------------
TECL 27.31 -1.53 30.6 -472.7% Bearish RED -.107 .297 .19
---------------------------------------------------------------------------------------------
IBB 121.97 -1.98 129.3 -335.3% Bearish RED -.121 -.018 -.139
---------------------------------------------------------------------------------------------
GLD 173.87 3.67 171.62 40.5% ------- BLUE .006 .069 .075
---------------------------------------------------------------------------------------------
DBO 14.73 .2 15.4 -173.8% ------- BLUE .226 .013 .239
---------------------------------------------------------------------------------------------
OIH 294.39 -7.59 329.44 -562.4% ------- RED -.105 .007 -.098
---------------------------------------------------------------------------------------------
CPER 24.4 -.08 24.87 -91.5% ------- ---- .254 .098 .352
---------------------------------------------------------------------------------------------
TAN 75.06 -1.96 79.72 -200.2% Bullish RED .11 .065 .175
---------------------------------------------------------------------------------------------
UUP 28.35 -.18 28.27 7% Bullish ---- .133 .052 .185
---------------------------------------------------------------------------------------------
CORN 24.58 .22 25.25 -156.2% Bearish BLUE -.171 -.039 -.21
---------------------------------------------------------------------------------------------
WEAT 6.93 .14 7.04 -185.4% ------- BLUE -.269 -.076 -.345
---------------------------------------------------------------------------------------------
YINN 38.74 0 47.73 -1196% Bearish BLUE -.16 -.2 -.36
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/10/23
Bullish = 5
Bearish = 41
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
GUNS .571 .571 .642 .642 .714 .714
SEMI .542 .595 .691 .659 .691 .744
=====
MILITARY .538 .576 .692 .692 .73 .73
GAMING .526 .578 .684 .684 .684 .631
ELECTRON .503 .556 .631 .616 .661 .691
==============================================================================================
BEVERAGE .5 .571 .571 .428 .5 .571
COAL .5 .5 .5 .5 .5 .833
HACKERS .5 .562 .562 .562 .562 .562
=============================================================================================
SOFTWARE .464 .5 .607 .589 .589 .553
JETS .461 .461 .692 .692 .692 .692
HOMEBLDG .444 .611 .666 .611 .666 .833
NIFTY .431 .454 .659 .568 .636 .613
COPPER .428 .428 .428 .285 .571 .857
TRANSP .421 .578 .736 .684 .789 .789
GREEN .388 .555 .5 .611 .666 .777
NASD-100 .37 .41 .55 .49 .57 .6
====
INFRA .363 .515 .666 .666 .727 .818
COMPUTER .35 .45 .6 .5 .55 .65
AUTO .32 .396 .547 .566 .584 .698
SOLAR .312 .5 .5 .5 .5 .5
FOOD .306 .326 .306 .306 .408 .53
OILGAS .295 .314 .4 .419 .476 .523
INDMATER .291 .375 .486 .458 .541 .694
ETFS .29 .363 .436 .381 .545 .545
HIGHPRIC .285 .389 .567 .554 .614 .653
LOWPRICE .263 .32 .378 .395 .412 .435
BIOTECH .258 .306 .355 .383 .38 .423
=====
COMODITY .256 .333 .307 .256 .41 .538
RETAIL .255 .319 .468 .382 .468 .531
RUS-1000 .246 .34 .473 .467 .556 .59
=====
SP500 .221 .286 .413 .393 .508 .534
=====
INDEXES .216 .318 .486 .47 .627 .648
HOSPITAL .214 .428 .5 .357 .5 .642
DOWJONES .2 .2 .366 .366 .466 .433
=====
INSURANC .2 .24 .4 .4 .44 .48
MARIJUAN .2 .2 .2 .2 .2 .2
FIDSTKS .189 .242 .408 .384 .485 .52
CHINA .181 .159 .272 .272 .318 .409
GOLD .173 .086 .108 .108 .13 .26
CHEM .162 .325 .488 .465 .534 .72
DJI-13 .153 .076 .23 .23 .307 .307
REIT .123 .215 .307 .276 .392 .407
SP-100 .122 .133 .344 .3 .455 .488
FINANCE .112 .175 .4 .362 .512 .562
BONDFUND .08 .045 .08 .08 .103 .103
UTILITY .026 .078 .157 .131 .21 .184
REGBANKS .024 .024 .17 .243 .463 .487
BIGBANKS 0 0 .428 .428 .571 .571
EDU 0 .166 .333 .666 .666 .666
|
=====================================================================================
Friday
3/10/2023 6:15 AM PCT Futures DJI -106 NASDAQ -4 Data Used 3-9-2023
| |
3-9-2023
|
|
| |
A financial panic hit the market on Thursday. Bank stocks
got clobbered as fears grew that one or more banks might
become insolvent. Brokerage stocks like Schwab and Raymond
James felt the same pain. Goldman Sachs is still above its
support line but JPM could not hold at its support. See
these charts below.
The Jobs Report just out could have been much worse from
the stand point of inflation. Unemployment is now starting
to rise. The DJI may now try to start another bounce, this
time to the broken support at 33500.
But the danger remains, namely that the SP-500 will close below
3900 and another wave of frightened dumping will then occur,
only this time it will involve Professional Selling.
See below how Professionals have started to run for cover.
It is no longer overseas selling at the opening that is hitting
the equities' market. What befell the bond market and the
NASDAQ and high techs last year is now hitting the usually
much safer blue chips, NYSE dividend stocks and the DJI.
I ran the numbers tonight against past data, asking what
had happened before when the DJI fell to a 65-day new low
closing after there had been four separate tests of the
previous low. In doing so, I discovered a reliable, new
Sell S10. See below. Such breakdowns marked the severe
panics of 1937 and 1987. They also occurred at the top
in the year 2000. There were eight such S10s. Only one
had a small loss, 2%, when reversed by the next Peerless
Buy. Paper losses were small and mostly insignifiant or
zero. See these earlier S10s in the next table below.
Look at Table 3. See that only a third of the DJI-30
stocks are still above the support of their 65-dma. But
what is worse, the panic has spread widely. Now only
34% of all the stocks and ETFs we follow are above the
support of their 65-day ma. Among these still are
semi-conductors. So, we will hold SOXL a while longer.
But IWM broke down badly, as we feared because of the
rising rates.
I hope short sales were taken in stocks showing head and
shoulders patterns among our Bearish MINCPs. Many dropped like
rocks and may go much lower, as it is not clear where
the next DJI support level will be if 32500 level is
decisively broken. Let me also suggest buying some of
the leveraged short ETFs like LABD and FAZ.
This morning the US Labor Dept reported that:
"Total nonfarm payroll employment rose by 311,000 in February,
and the unemployment rate edged up to 3.6 percent...
with job gains occurred in leisure and hospitality,
retail trade, government, and health care. Employment
declined in information and in transportation and warehousing."
This is almost exactly what was expected, I'm judging.
So, the FED will still be motivated to raise rates by
1/4% or possibly 1/2% if next week's CPI numbers continue
to be high. Meanwhile, consumers, home-buyers and renters
will be hard hit by inflation. Some will not be able to
pay their bills as wages are not keeping up with inflation.
And this will hurt creditors and banks increasingly.
-----------------------------------------------------------------------
New Sell S10s
Date DJI Gain Max Paper Loss P-I IP21 V-I
===========================================================================
4/7/1937 178.1 .071 181.7 .02 -146 -.23 -437
---------------------------------------------------------------------------
9/1/1937 173.1 .263 none -139 -.201 -191
---------------------------------------------------------------------------
9/10/1937 157.9 .193 none -224 -.382 -401
---------------------------------------------------------------------------
10/16/1987 2246.74 .226 none -308 -.149 -42
---------------------------------------------------------------------------
2/11/2000 10425.21 .04 none -243 -.181 -138
----------------------------------------------------------------------------
10/12/2000 10034.58 -.02 none -433 -.133 -221
----------------------------------------------------------------------------
7/12/2002 8684.53 .05 none -362 -.10 -454
---------------------------------------------------------------------------
12/19/2018 23323.66 .066 none -457 -.093 -235
---------------------------------------------------------------------------
3/9/2023 32254.86 OPEN -361 -.076 -196
|
|
| |
Charts - 3/9/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90309.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-09-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-09-2023/BEARISH.htm
Bearish BANKS www.tigersoftware.com/Downing/3-09-2023/BANKS.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
Table 2 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,179 |
3,165 |
3,181 |
| Advances |
431 |
1,574 |
1,654 |
| Declines |
2,680 |
1,459 |
1,416 |
| Unchanged |
68 |
132 |
111 |
| New
highs |
51 |
45 |
83 |
| New
lows |
96 |
56 |
51 |
| Adv.
volume* |
59,655,128 |
382,952,526 |
549,210,911 |
| Decl.
volume* |
903,762,181 |
395,534,656 |
340,810,752 |
| Total
volume* |
973,188,507 |
784,820,908 |
916,312,564 |
| Closing
Arms (TRIN)† |
2.11 |
1.10 |
0.79 |
| Block
trades* |
4,744 |
4,012 |
4,997 |
| Adv.
volume |
309,523,652 |
1,736,059,525 |
2,448,694,839 |
| Decl.
volume |
4,059,056,153 |
1,766,097,389 |
1,665,211,852 |
| Total
volume |
4,445,267,882 |
3,535,574,013 |
4,244,903,636 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,731 |
4,712 |
4,746 |
| Advances |
940 |
2,095 |
2,376 |
| Declines |
3,597 |
2,380 |
2,151 |
| Unchanged |
194 |
237 |
219 |
| New
highs |
72 |
63 |
94 |
| New
lows |
308 |
193 |
163 |
| Closing
Arms (TRIN)† |
0.98 |
0.97 |
0.59 |
| Block
trades |
32,364 |
39,364 |
45,937 |
| Adv.
volume |
1,056,645,043 |
2,397,929,791 |
3,436,580,746 |
| Decl.
volume |
3,969,048,697 |
2,631,836,329 |
1,829,936,400 |
| Total
volume |
5,061,797,851 |
5,085,972,872 |
5,313,766,812 |
|
Table 2 QUICKSILVER on ETFS - 3/9/2023 ---
Bullish = 2 SOXL, CPER
Bearish = 3 CORN, WEAT, YINN
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 323.08 -5.41 334.21 -111.1% Bearish RED -.063 ---- -------------------------------------------------------------------------------------------------------
COMPQX 11338.36 -237.65 11689.01 -53.8% Bearish RED -.085 .107 .022
---------------------------------------------------------------------------------------------
SPY 391.56 -7.36 404.19 -78% Bearish RED -.063 .049 -.014
---------------------------------------------------------------------------------------------
QQQ 292.66 -5.16 299.68 -16% Bearish RED -.075 .121 .046
---------------------------------------------------------------------------------------------
MDY 461.01 -11.38 483.54 -185.3% Bearish RED -.101 .066 -.035
---------------------------------------------------------------------------------------------
IWM 181.41 -5.19 191.5 -197.9% Bearish RED -.047 .067 .02
---------------------------------------------------------------------------------------------
FAS 66.79 -9.26 83.11 -796.2% Bearish RED -.14 -.047 -.187
---------------------------------------------------------------------------------------------
RETL 7.85 -.47 8.83 -390.4% Bearish RED -.137 .163 .026
---------------------------------------------------------------------------------------------
SOXL 14.91 -.9 15.68 -32.8% Bearish RED -.059 .553 .494 +++
---------------------------------------------------------------------------------------------
TECL 28.84 -1.31 30.13 82.4% Bearish RED -.101 .318 .217
---------------------------------------------------------------------------------------------
IBB 123.95 -2.43 130.52 -171.8% Bearish RED -.139 -.035 -.174
---------------------------------------------------------------------------------------------
GLD 170.2 1.66 172.49 -13.5% ------- BLUE -.121 .044 -.077
---------------------------------------------------------------------------------------------
DBO 14.53 -.19 15.25 -139.6% ------- RED .222 -.005 .217
---------------------------------------------------------------------------------------------
OIH 301.98 -15.08 330.41 -370.4% ------- RED -.034 .026 -.008
---------------------------------------------------------------------------------------------
CPER 24.48 -.06 24.85 -66.9% ------- RED .287 .088 .375
---------------------------------------------------------------------------------------------
TAN 77.02 -1.33 78.2 49.2% Bullish RED .078 .056 .134
---------------------------------------------------------------------------------------------
UUP 28.53 -.08 28.31 19.3% Bullish ---- .095 .046 .141
---------------------------------------------------------------------------------------------
CORN 24.36 -.39 25.36 -155.2% Bearish RED -.211 -.049 -.26
---------------------------------------------------------------------------------------------
WEAT 6.79 -.17 7.19 -289.1% ------- RED -.276 -.102 -.378
---------------------------------------------------------------------------------------------
YINN 38.74 -4.98 49.49 -1146.5% Bearish RED -.169 -.103 -.272
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/9/23
Bullish = 11
Bearish = 35
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .611 .666 .611 .666 .833 .666
SEMI .595 .691 .659 .691 .734 .734
-----
GAMING .578 .684 .631 .736 .631 .578
TRANSP .578 .736 .684 .789 .736 .789
MILITARY .576 .692 .692 .73 .692 .73
BEVERAGE .571 .571 .428 .5 .571 .571
GUNS .571 .642 .642 .714 .714 .714
HACKERS .562 .562 .562 .562 .562 .562
ELECTRON .556 .631 .616 .661 .684 .676
GREEN .555 .5 .611 .666 .777 .611
INFRA .515 .666 .666 .727 .818 .727
================================================================================================
COAL .5 .5 .5 .5 .666 .5
SOFTWARE .5 .625 .589 .589 .571 .535
SOLAR .5 .5 .5 .5 .5 .375
================================================================================================
JETS .461 .692 .692 .692 .692 .692
NIFTY .454 .659 .568 .636 .613 .568
COMPUTER .45 .6 .5 .55 .65 .65
COPPER .428 .428 .285 .571 .857 .714
HOSPITAL .428 .5 .357 .5 .642 .5
NASD-100 .41 .55 .49 .57 .6 .53
-----
AUTO .396 .566 .566 .584 .698 .603
HIGHPRIC .389 .567 .554 .614 .662 .567
INDMATER .375 .486 .458 .541 .68 .583
ETFS .363 .436 .381 .545 .6 .4
RUS-1000 .34 .473 .467 .556 .591 .522
-----
COMODITY .333 .333 .23 .41 .512 .358
FOOD .326 .326 .285 .408 .51 .326
CHEM .325 .488 .465 .534 .744 .651
LOWPRICE .32 .381 .398 .412 .429 .392
RETAIL .319 .468 .382 .468 .531 .468
INDEXES .318 .486 .47 .627 .648 .562
OILGAS .314 .4 .419 .476 .523 .457
BIOTECH .306 .352 .386 .38 .428 .38
SP500 .286 .413 .395 .504 .532 .446
------
FIDSTKS .242 .408 .384 .485 .514 .461
INSURANC .24 .4 .4 .44 .48 .44
REIT .215 .3 .284 .4 .392 .33
DOWJONES .2 .366 .366 .466 .433 .333
=====
MARIJUAN .2 .2 .2 .2 .2 .2
FINANCE .175 .4 .362 .5 .562 .475
-----
EDU .166 .333 .666 .666 .666 .5
CHINA .159 .272 .272 .318 .431 .386
SP-100 .133 .344 .3 .455 .488 .366
GOLD .086 .108 .108 .13 .26 .152
UTILITY .078 .157 .131 .21 .157 .078
DJI-13 .076 .23 .23 .307 .307 .23
BONDFUND .045 .08 .08 .103 .114 .057
BIGBANKS 0 .428 .428 .571 .571 .571
REGBANKS 0 .16 .24 .44 .44 .32
|
===================================================================================
Thursday
3/9/2023 6:15 AM PCT Futures
DJI +97 NASDAQ +37 Data Used
3-8-2023
| |
3-8-2023
|
|
| |
The key supports are shown below as the market copes with the question
of how high
the FED will set interest rates later this month in light of inflation
and
Friday's job report and next week's CPI numbers. Lots of unknowns.
But to
chart-purists, the technical strength actually tells us what we as traders
really need
to know. Peerless is on a mostly seasonal based set of Buys combined
with the
usual bullishness of buying near support and the lower band. But, our
own
historical studies show how dangerous it is to not respect the FED even in
the
normally third years of the four year election cycle. When the FED turns
hawkish,
the market almost immediately swooned in 1919, 1923, 1931, 1959,
1967, 1979,
1987 and 2007. Usually, the DJI was able to reach the upper
band in
these cases and the rising rates caused the A/D Line to lag and Peerless
gave a
Sell.
In our
case, rates may go up 1/2% in March and no one knows when the
FED will
stop raising rates. Bearishly, the DJI could not reach, and has
not been
able to reach the upper band since the Jobs Report came out a month
ago showed
the economy was still too hot for the FED's taste. Instead,. the DJI
churned
back and forth near the top of its trading range. This is bearish
distribution by most technicians' reckonng.
And now we
are testing the bottom of the trading range in the DJI. And we
see other
key support levels below in our charts of SPY, IWM, SOXL and
a number of
individual DJI-30 stocks. Are all these support levels inviting
breakdowns? The support levels keep holding up, true. That is good, of
course, for
the bulls, but some serious problems are also developing.
First, it
is becoming clearer and clearer that the rallies up from support are
getting
weaker and going nowhere. The rallies are barely enough even
for a
"nimble trader". The second problem is that the DJI's 32500 support and
and the
SP-500's support at 3900+ are now being watched by too many
traders and
investors. Any break in these supports will likely cause an
avalanche
of sell orders. There will be few buyers. This is a dangerous
situation.
The third problem, there is no good support evident on our DJIA
chart below
32500 until the DJI reaches the round number 30000 or even
29000.
And to make
matters worse, the FED is in "hawkish" mode. It is selling off
its huge
inventory of bonds and mortgages. Switching back to "Quantitative
Easing" will be difficult. Debt is very high. Well-paid workers in the
tech
sector are
being laid off. So, who will be the buyers?
Is it worth
the risk now of holding IWM and SOXL given the market's
vulnerability and the risk that the support levels will fail? SOXL - yes.
But IWM -
maybe not. Small companies are particularly vulnerable to high interest
rates.
I would also think hedging with some of our bearish MINCPs
would be a
good tactic now. The number of new lows is growing.
This is a
technical sign that short sellers should be watching for to employ
their
craft. |
|
| |
Charts - 3/8/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90308.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-08-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-08-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,165 |
3,161 |
3,166 |
| Advances |
1,574 |
630 |
1,333 |
| Declines |
1,459 |
2,430 |
1,702 |
| Unchanged |
132 |
101 |
131 |
| New
highs |
45 |
58 |
86 |
| New
lows |
56 |
49 |
51 |
| Adv.
volume* |
382,952,526 |
111,638,477 |
429,731,440 |
| Decl.
volume* |
395,534,656 |
752,308,857 |
507,131,240 |
| Total
volume* |
784,820,908 |
877,438,532 |
953,590,347 |
| Closing
Arms (TRIN)† |
1.10 |
1.37 |
0.97 |
| Block
trades* |
4,012 |
4,182 |
5,101 |
| Adv.
volume |
1,736,059,525 |
612,546,927 |
1,845,614,603 |
| Decl.
volume |
1,766,097,389 |
3,239,206,260 |
2,274,794,089 |
| Total
volume |
3,535,574,013 |
3,922,509,886 |
4,249,485,874 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,712 |
4,710 |
4,731 |
| Advances |
2,095 |
1,406 |
1,968 |
| Declines |
2,380 |
3,100 |
2,549 |
| Unchanged |
237 |
204 |
214 |
| New
highs |
63 |
62 |
100 |
| New
lows |
193 |
154 |
132 |
| Closing
Arms (TRIN)† |
0.97 |
1.26 |
1.29 |
| Block
trades |
39,364 |
40,937 |
32,104 |
| Adv.
volume |
2,397,929,791 |
1,424,716,055 |
1,827,498,643 |
| Decl.
volume |
2,631,836,329 |
3,967,339,075 |
3,059,410,239 |
| Total
volume |
5,085,972,872 |
5,422,826,701 |
4,927,534,480 |
|
Table 2 QUICKSILVER on ETFS - 3/8/2023 ---
Bullish = 4 SOXL, TECL, DBO, CPER
Bearish = 1 WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 328.49 -.38 330.44 22.5% Bearish RED .048 ------ -------
---------------------------------------------------------------------------------------------
COMPQX 11576.01 45.68 11462.98 85.1% ------- BLUE 0 .11 .11
---------------------------------------------------------------------------------------------
SPY 398.92 .65 397.81 52.3% ------- BLUE .026 .053 .079
---------------------------------------------------------------------------------------------
QQQ 297.82 1.48 293.61 111.8% ------- BLUE .017 .122 .139
---------------------------------------------------------------------------------------------
MDY 472.39 .48 478.68 -36.5% ------- ---- .022 .078 .1
---------------------------------------------------------------------------------------------
IWM 186.6 .09 188.87 -48.2% ------- RED .066 .08 .146
---------------------------------------------------------------------------------------------
FAS 76.05 -1.02 79.5 -283.7% Bearish RED .017 .077 .094
---------------------------------------------------------------------------------------------
RETL 8.32 .01 8.51 29.6% Bearish ---- -.036 .266 .23
---------------------------------------------------------------------------------------------
SOXL 15.81 1.16 15.01 375.7% ------- BLUE .042 .622 .664 +++
---------------------------------------------------------------------------------------------
TECL 30.15 .72 28.35 481.7% ------- BLUE .01 .357 .367 +
---------------------------------------------------------------------------------------------
IBB 126.38 -.87 128.36 -65.3% Bearish RED -.057 -.05 -.107
---------------------------------------------------------------------------------------------
GLD 168.54 -.08 170.66 -65% ------- RED -.148 .016 -.132
---------------------------------------------------------------------------------------------
DBO 14.72 -.16 14.95 -53.1% Bullish ---- .311 .011 .322 +++
---------------------------------------------------------------------------------------------
OIH 317.06 -5.25 326.06 -35.8% Bullish RED .065 .095 .16
---------------------------------------------------------------------------------------------
CPER 24.54 .31 24.81 -171.2% ------- BLUE .307 .085 .392 +++
---------------------------------------------------------------------------------------------
TAN 78.35 -.43 76.25 115.5% Bullish RED .147 .038 .185
---------------------------------------------------------------------------------------------
UUP 28.61 -.01 28.42 59.9% Bullish ---- .082 .028 .11
---------------------------------------------------------------------------------------------
CORN 24.75 -.37 25.14 -87.3% Bearish RED -.18 -.053 -.233
---------------------------------------------------------------------------------------------
WEAT 6.96 -.11 7.2 -168.1% ------- RED -.23 -.091 -.321
---------------------------------------------------------------------------------------------
YINN 43.72 -1.3 49.54 -347.5% Bearish BLUE -.086 -.03 -.116
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/8/23
Bullish = 17
Bearish = 27
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
TRANSP .736 .684 .789 .736 .789 .684
JETS .692 .692 .692 .692 .692 .692
MILITARY .692 .692 .73 .692 .653 .615
SEMI .691 .659 .691 .734 .723 .723
=====
GAMING .684 .631 .684 .684 .684 .631
HOMEBLDG .666 .611 .666 .833 .666 .611
=====
INFRA .666 .666 .727 .818 .757 .696
NIFTY .659 .568 .636 .613 .545 .5
GUNS .642 .642 .714 .714 .714 .642
ELECTRON .631 .616 .661 .684 .669 .669
SOFTWARE .625 .607 .589 .571 .535 .517
COMPUTER .6 .5 .55 .65 .65 .55
BEVERAGE .571 .428 .5 .571 .571 .428
HIGHPRIC .567 .554 .614 .662 .571 .51
AUTO .566 .584 .584 .698 .603 .584
HACKERS .562 .562 .562 .562 .562 .562
NASD-100 .55 .49 .57 .6 .54 .48
====
=============================================================================================
COAL .5 .5 .5 .666 .5 .5
GREEN .5 .611 .666 .777 .611 .555
HOSPITAL .5 .357 .5 .642 .5 .571
SOLAR .5 .5 .5 .5 .375 .375
=============================================================================================
CHEM .488 .465 .534 .744 .651 .627
INDMATER .486 .458 .541 .68 .597 .555
INDEXES .486 .47 .627 .648 .567 .475
RUS-1000 .473 .467 .556 .591 .529 .501
====
RETAIL .468 .382 .468 .531 .468 .361
ETFS .436 .381 .545 .6 .436 .4
BIGBANKS .428 .428 .571 .571 .571 .571
COPPER .428 .285 .571 .857 .857 .714
SP500 .413 .395 .506 .528 .459 .411
=====
FIDSTKS .408 .384 .485 .514 .473 .426
FINANCE .4 .362 .5 .55 .462 .525
INSURANC .4 .4 .44 .48 .44 .44
OILGAS .4 .419 .476 .523 .476 .409
LOWPRICE .378 .398 .412 .429 .398 .395
DOWJONES .366 .366 .466 .433 .4 .266
====
BIOTECH .352 .383 .383 .428 .375 .403
SP-100 .344 .3 .455 .488 .4 .311
COMODITY .333 .256 .384 .512 .358 .307
EDU .333 .666 .666 .666 .5 .666
FOOD .326 .306 .387 .51 .326 .326
REIT .3 .276 .407 .4 .323 .3
CHINA .272 .272 .318 .431 .409 .318
DJI-13 .23 .23 .307 .307 .23 .23
MARIJUAN .2 .2 .2 .2 .2 .2
REGBANKS .16 .24 .44 .44 .32 .48
UTILITY .157 .131 .21 .157 .078 .052
GOLD .108 .108 .13 .26 .173 .152
BONDFUND .08 .08 .103 .114 .08 .091
|
===================================================================================
Wednesday 3/8/2023 6:15 AM PCT Futures
DJI +35NASDAQ +25 Data Used
3-7-2023
| |
3-7-2023
|
|
| |
Fed
Chairman Powell has lost none of his power over Wall Street. And he
spoke like a true
"hawk" to the Senators today, saying the economy needs
'tough love', namely
higher than expected rates which will rise at a faster pace
than was expected, even
a 1/2% hike this month and 6% rates possibly this year.
He looked gaunt and
under great pressure. He does not want to go down as
the FED chairman who
made the market bubble in response to covid and
thereby brought on
runaway inflation which destroyed the economy. In a
word, he spooked the
market. He did talk of a "smooth landing" indirectly,
saying that the year's
economy could be "bumpy".
I didn't think he would
have the courage to be such a "hawk". And maybe behind
closed doors, he will
still advocate only a 1/4% rate hike this month. What
looked like a good
rally was squelched today. See how many Closing Power
up-trends were broken
in the key charts below. A re-test of the DJI's 32500
and the SP-500's 3900
is made more likely, even as the Peerless B11 tells
us to be patient.
Breadth worsened and
the NYSE A/D Line made a new low. Only a handful
of groups in Table 3
show a majority of their stocks above the 65-dma. More
than 60% of the DJI-30
and SP-500 stocks are below the key support of the
65-dma. And look
at the highest priced DJI-30 stocks below, especially
high priced UNH which
looks very weak and GS which shows a rare
'hands-above-the
head" speculative top.
Hedge with some of the
bearish MINCPs. The number of new lows is
growing and becoming
more dangerous looking. Sell SOXL and IWM
if they break the
support levels shown below.
|
|
| |
Charts - 3/7/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90307.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-07-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-07-2023/BEARISH.htm |
|
32500 is key support for DJIA and 325 on DIA
 |
 |
390 is key support for SPY. 39000 on SP-500
 |
 |
285 is key support for QQQ
 |
13.5 is key support for SOXL
 |
Key Support fo MDY is at red 65-dma
at 465
 |
Key Support
for IWM is at red 65-dma at 184
 |
Highest Priced, most heavily weighted DJI-30 Stocks:
|
 |
 |
 |
 |
 |
 |
Still Holding up - NVDA
 |
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,161 |
3,182 |
3,164 |
| Advances |
630 |
1,077 |
1,454 |
| Declines |
2,430 |
1,980 |
1,568 |
| Unchanged |
101 |
125 |
142 |
| New
highs |
58 |
87 |
80 |
| New
lows |
49 |
23 |
36 |
| Adv.
volume* |
111,638,477 |
287,970,529 |
584,797,556 |
| Decl.
volume* |
752,308,857 |
640,255,249 |
839,474,573 |
| Total
volume* |
877,438,532 |
936,588,306 |
1,483,201,057 |
| Closing
Arms (TRIN)† |
1.37 |
1.04 |
1.23 |
| Block
trades* |
4,182 |
4,436 |
5,160 |
| Adv.
volume |
612,546,927 |
1,358,126,233 |
2,099,063,072 |
| Decl.
volume |
3,239,206,260 |
2,594,146,735 |
2,775,971,600 |
| Total
volume |
3,922,509,886 |
4,000,877,803 |
5,043,405,832 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,710 |
4,752 |
4,722 |
| Advances |
1,406 |
1,564 |
2,261 |
| Declines |
3,100 |
2,986 |
2,196 |
| Unchanged |
204 |
202 |
265 |
| New
highs |
62 |
93 |
103 |
| New
lows |
154 |
93 |
101 |
| Closing
Arms (TRIN)† |
1.26 |
0.65 |
0.83 |
| Block
trades |
40,937 |
36,420 |
34,717 |
| Adv.
volume |
1,424,716,055 |
2,197,708,483 |
2,896,438,464 |
| Decl.
volume |
3,967,339,075 |
2,739,744,572 |
2,340,463,777 |
| Total
volume |
5,422,826,701 |
4,982,889,850 |
5,340,951,479 |
|
Table 2 QUICKSILVER on ETFS - 3/7/2023 ---
Bullish = 3 SOXL, DBO, CPER
Bearish = 1 WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 328.87 -5.81 327 34.8% ------- RED .044 ----- -----
---------------------------------------------------------------------------------------------
COMPQX 11530.33 -145.41 11379.49 32.4% ------- RED -.042 .091 .049
---------------------------------------------------------------------------------------------
SPY 398.27 -6.2 394.74 25.2% ------- RED .009 .045 .054
---------------------------------------------------------------------------------------------
QQQ 296.34 -3.68 291.2 47% ------- RED -.021 .098 .077
---------------------------------------------------------------------------------------------
MDY 471.91 -5.69 475.88 -29.7% Bullish RED -.009 .074 .065
---------------------------------------------------------------------------------------------
IWM 186.51 -2.19 188.42 -44.1% Bullish RED .038 .074 .112
---------------------------------------------------------------------------------------------
FAS 77.07 -6.28 80.63 -272.6% ------- RED .056 .068 .124
---------------------------------------------------------------------------------------------
RETL 8.31 .02 8.27 -234.7% Bearish ---- -.089 .203 .114
---------------------------------------------------------------------------------------------
SOXL 14.65 -.52 14.68 0% ------- RED -.02 .329 .309
---------------------------------------------------------------------------------------------
TECL 29.43 -1.17 27.34 251% Bearish RED -.035 .235 .2
---------------------------------------------------------------------------------------------
IBB 127.25 -2.05 128.06 2.7% Bearish RED -.079 -.034 -.113
---------------------------------------------------------------------------------------------
GLD 168.62 -3 170.76 -33.9% ------- RED -.106 .013 -.093
---------------------------------------------------------------------------------------------
DBO 14.88 -.52 14.88 63.2% Bullish RED .382 .023 .405
---------------------------------------------------------------------------------------------
OIH 322.31 -7.13 319.39 176.5% Bullish RED .088 .089 .177
---------------------------------------------------------------------------------------------
CPER 24.23 -.64 25.39 -122.2% Bullish RED .342 .064 .406
---------------------------------------------------------------------------------------------
TAN 78.78 -.94 76.55 291.6% Bullish RED .142 .019 .161
---------------------------------------------------------------------------------------------
UUP 28.62 .35 28.27 35.3% Bullish BLUE .089 .038 .127
---------------------------------------------------------------------------------------------
CORN 25.12 -.13 25.19 11.9% Bearish ---- -.111 -.031 -.142
---------------------------------------------------------------------------------------------
WEAT 7.07 .03 7.2 -55.9% ------- ---- -.217 -.074 -.291
---------------------------------------------------------------------------------------------
YINN 45.02 -2.71 47.04 336.3% Bearish RED -.059 -.009 -.068
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/7/23
Bullish = 16
Bearish = 30
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
JETS .692 .692 .692 .692 .769 .769
MILITARY .692 .73 .692 .653 .615 .615
TRANSP .684 .789 .736 .789 .684 .684
EDU .666 .666 .666 .5 .666 .5
INFRA .666 .727 .818 .757 .696 .636
SEMI .659 .691 .734 .723 .712 .723
=====
GUNS .642 .714 .714 .714 .642 .642
GAMING .631 .684 .631 .736 .631 .736
ELECTRON .616 .661 .684 .669 .654 .654
GREEN .611 .666 .777 .611 .555 .611
HOMEBLDG .611 .666 .833 .666 .611 .777
SOFTWARE .607 .607 .571 .535 .517 .553
AUTO .584 .603 .698 .603 .584 .603
NIFTY .568 .636 .613 .545 .5 .59
HACKERS .562 .562 .562 .562 .562 .562
HIGHPRIC .554 .614 .662 .571 .51 .545
==============================================================================================
COAL .5 .5 .666 .5 .5 .5
COMPUTER .5 .55 .65 .65 .55 .55
SOLAR .5 .5 .5 .375 .375 .375
==============================================================================================
NASD-100 .49 .57 .6 .54 .48 .51
=====
INDEXES .47 .627 .648 .567 .475 .524
RUS-1000 .467 .556 .591 .529 .501 .519
=====
CHEM .465 .534 .744 .651 .604 .627
INDMATER .458 .541 .68 .597 .555 .486
BEVERAGE .428 .5 .571 .571 .428 .5
BIGBANKS .428 .571 .571 .571 .571 .571
OILGAS .419 .476 .523 .476 .409 .323
INSURANC .4 .44 .48 .44 .44 .52
LOWPRICE .398 .415 .432 .398 .401 .404
SP500 .395 .506 .53 .454 .415 .43
=====
FIDSTKS .384 .485 .514 .473 .431 .431
BIOTECH .383 .38 .431 .375 .4 .394
RETAIL .382 .468 .531 .468 .361 .361
ETFS .381 .545 .6 .436 .4 .363
DOWJONES .366 .466 .433 .4 .3 .333
=====
FINANCE .362 .5 .55 .45 .512 .525
HOSPITAL .357 .5 .642 .5 .571 .642
FOOD .306 .408 .489 .326 .326 .306
SP-100 .3 .455 .488 .4 .322 .333
COPPER .285 .571 .857 .857 .714 .428
REIT .276 .4 .407 .33 .292 .361
CHINA .272 .318 .431 .409 .34 .318
COMODITY .256 .41 .487 .358 .307 .282
REGBANKS .24 .44 .44 .32 .44 .52
DJI-13 .23 .307 .307 .23 .23 .153
MARIJUAN .2 .2 .2 .2 .2 .2
UTILITY .131 .21 .157 .078 .052 .078
GOLD .108 .13 .26 .173 .152 .108
BONDFUND .08 .103 .114 .08 .103 .103
|
===================================================================================
Tuesday 3/7/2023 6:07 AM PCT Futures
DJI +24 NASDAQ
+35 Data Used 3-6-2023
| |
3-6-2023
|
|
| |
The DJI
and NASDAQ seem headed higher, despite their reaching falling 21-dma
resistance. They
are powered by the dynamics of trading ranges, where the recent
lows represent
successful tests of support, the Peerless Buy B17, rising Closing
Powers and the bullish
seasonalities of March and April. The advance today
survived more tech lay
offs and word that semi-conductor sales were falling fast.
Interest rate worries
and Powell's speaking before Congress should subdue the
the rally, but not stop
it. Powell, ever the bankers' diplomat, will try to allay
investors' worries and
politicians' complaints that the hawks have taken control
of the FED.
The weakness in
the IWM, Russell-2000 today, shows us the the breadth is
apt to be poor as
the Professionals boost the other indexes and ETFs. So,
we have to worry
that the DJI will get too far ahead of the broader market
rally.
Perhaps, far enough to give us a Peerless Sell. We will need to see
the CPI and Jobs'
numbers later this week. It is not clear that they will come
in so positive as
to spook investors. Professionals at this point, do not think so.
I think I can add
the Relative Strength Quotient (RSQ) to our Candle-Stick
charts.
They are shown as is today, so that we can watch the price and
Closing Power
uptrends more closely as the current trading range plays out
|
|
| |
Charts - 3/6/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90306.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-06-2023/Bullish.htm
Bearish MINCPs
www.tigersoftware.com/Downing/3-06-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
AI ETF - ROBO
|
| |
| |
| |
Table 1 - Volume and Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,182 |
3,179 |
3,187 |
| Advances |
1,077 |
2,484 |
1,843 |
| Declines |
1,980 |
588 |
1,240 |
| Unchanged |
125 |
107 |
104 |
| New
highs |
87 |
124 |
72 |
| New
lows |
23 |
18 |
25 |
| Adv.
volume* |
287,970,529 |
752,553,249 |
421,123,296 |
| Decl.
volume* |
640,255,249 |
122,578,894 |
393,229,281 |
| Total
volume* |
936,588,306 |
883,179,811 |
828,906,507 |
| Closing
Arms (TRIN)† |
1.04 |
0.72 |
1.27 |
| Block
trades* |
4,436 |
4,730 |
4,249 |
| Adv.
volume |
1,358,126,233 |
3,409,269,427 |
2,043,877,995 |
| Decl.
volume |
2,594,146,735 |
584,310,671 |
1,740,674,215 |
| Total
volume |
4,000,877,803 |
4,084,738,232 |
3,836,954,305 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,752 |
4,716 |
4,764 |
| Advances |
1,564 |
3,172 |
2,658 |
| Declines |
2,986 |
1,345 |
1,879 |
| Unchanged |
202 |
199 |
227 |
| New
highs |
93 |
99 |
100 |
| New
lows |
93 |
66 |
102 |
| Closing
Arms (TRIN)† |
0.65 |
0.58 |
0.71 |
| Block
trades |
36,420 |
40,479 |
31,666 |
| Adv.
volume |
2,197,708,483 |
4,055,571,678 |
2,961,042,722 |
| Decl.
volume |
2,739,744,572 |
998,838,342 |
1,486,919,078 |
| Total
volume |
4,982,889,850 |
5,102,218,692 |
4,494,007,022 |
|
Table 2 Table 2 QUICKSILVER on ETFS - 3/6/2023 ---
Bullish = 3 FAS, SOXL, TECL, DBO, CPER
Bearish = 1 WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 334.68 .47 326.57 85.3% ------- ---- .068 0 .068
---------------------------------------------------------------------------------------------
COMPQX 11675.74 -13.27 11455.54 90.8% Bullish RED -.035 .088 .053
---------------------------------------------------------------------------------------------
SPY 404.47 .28 396.26 84.6% Bullish RED .032 .044 .076
---------------------------------------------------------------------------------------------
QQQ 300.02 .34 293.56 103.3% Bullish RED -.016 .094 .078
---------------------------------------------------------------------------------------------
MDY 477.6 -5.94 474.75 18.9% Bullish RED .022 .073 .095
---------------------------------------------------------------------------------------------
IWM 188.7 -2.8 188.18 14% Bullish RED .07 .072 .142
---------------------------------------------------------------------------------------------
FAS 83.35 .24 81.52 128.7% ------- RED .102 .179 .281 +
---------------------------------------------------------------------------------------------
RETL 8.29 -.54 8.71 -261.3% Bearish RED -.092 .245 .153
---------------------------------------------------------------------------------------------
SOXL 15.17 -.51 14.65 224.8% Bullish RED -.025 .438 .413 +
---------------------------------------------------------------------------------------------
TECL 30.6 .47 27.98 429.7% ------- RED -.019 .314 .295 +
---------------------------------------------------------------------------------------------
IBB 129.3 -1.22 127.18 94.8% Bearish RED -.058 -.04 -.098
---------------------------------------------------------------------------------------------
GLD 171.62 -.87 169.78 76.5% ------- RED -.116 -.004 -.12
---------------------------------------------------------------------------------------------
DBO 15.4 .15 14.69 282.5% Bullish BLUE .379 .045 .424 +
---------------------------------------------------------------------------------------------
OIH 329.44 -.97 310.9 229.6% Bullish BLUE .094 .104 .198
---------------------------------------------------------------------------------------------
CPER 24.87 .02 24.84 86.5% Bullish BLUE .333 .061 .394 +
---------------------------------------------------------------------------------------------
TAN 79.72 1.52 74.29 362.3% Bullish BLUE .136 .019 .155
---------------------------------------------------------------------------------------------
UUP 28.27 -.04 28.42 -12.3% ------- ---- .135 -.005 .13
---------------------------------------------------------------------------------------------
CORN 25.25 -.11 25.06 -45.6% Bearish ---- -.093 -.048 -.141
---------------------------------------------------------------------------------------------
WEAT 7.04 -.15 7.15 -90.5% ------- ---- -.251 -.088 -.339
---------------------------------------------------------------------------------------------
YINN 47.73 -1.76 41.85 473.5% ------- RED -.04 .102 .062
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/6/23
Bullish = 26
Bearish = 17
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
TRANSP .789 .736 .789 .684 .684 .736
MILITARY .73 .692 .653 .615 .615 .692
INFRA .727 .818 .757 .696 .636 .636
GUNS .714 .714 .714 .642 .642 .642
JETS .692 .692 .692 .769 .769 .769
SEMI .691 .734 .723 .712 .712 .723
GAMING .684 .631 .684 .684 .736 .736
EDU .666 .666 .5 .666 .5 .666
GREEN .666 .777 .611 .555 .611 .5
HOMEBLDG .666 .833 .666 .611 .777 .722
ELECTRON .661 .684 .669 .654 .646 .654
NIFTY .636 .613 .545 .5 .59 .59
INDEXES .627 .648 .567 .475 .513 .562
HIGHPRIC .614 .662 .571 .51 .545 .58
SOFTWARE .607 .589 .535 .517 .553 .571
AUTO .603 .716 .603 .584 .603 .566
BIGBANKS .571 .571 .571 .571 .571 .714
COPPER .571 .857 .857 .714 .428 .428
NASD-100 .57 .6 .54 .48 .51 .53
HACKERS .562 .562 .562 .562 .562 .562
RUS-1000 .556 .591 .529 .501 .519 .534
COMPUTER .55 .65 .65 .55 .55 .55
ETFS .545 .6 .436 .4 .381 .381
INDMATER .541 .68 .597 .555 .486 .541
CHEM .534 .744 .651 .604 .627 .651
SP500 .506 .53 .456 .411 .434 .45
================================================================================================
BEVERAGE .5 .571 .571 .428 .428 .571
COAL .5 .666 .5 .5 .5 .5
FINANCE .5 .55 .45 .5 .525 .55
HOSPITAL .5 .642 .5 .571 .642 .714
SOLAR .5 .5 .375 .375 .375 .312
===============================================================================================
FIDSTKS .485 .514 .473 .431 .431 .467
OILGAS .476 .523 .476 .409 .323 .409
RETAIL .468 .531 .468 .361 .382 .361
DOWJONES .466 .433 .4 .3 .333 .4
=====
SP-100 .455 .488 .4 .322 .333 .4
INSURANC .44 .48 .44 .44 .52 .52
REGBANKS .44 .44 .32 .44 .52 .48
LOWPRICE .415 .435 .401 .401 .404 .398
COMODITY .41 .512 .333 .307 .282 .333
FOOD .408 .51 .306 .326 .306 .326
REIT .4 .4 .338 .3 .361 .392
BIOTECH .38 .428 .377 .4 .392 .383
CHINA .318 .431 .409 .34 .318 .363
DJI-13 .307 .307 .23 .23 .153 .23
UTILITY .21 .157 .078 .052 .078 .157
MARIJUAN .2 .2 .2 .2 .2 .2
GOLD .13 .26 .173 .152 .108 .108
BONDFUND .103 .114 .08 .103 .114 .091
|
===================================================================================
Monday 3/6/2023 6:07 AM PCT Futures
DJI +24 NASDAQ
+54 Data Used 3-3-2023
| |
3-3-2023
|
|
| |
Friday gave us a classic
rebound in all the major market indexes and ETFs
from the combined support of each's
200-day ma and lower 3% bands. They
broke their Closing Power downtrends
decisively as Professionals quickly jumped
in to buy because they sensed the test of
support was over. Giving the professionals
confidence was the drying up of
over-night selling and another positive opening on
Friday.
This was a professional stampede of
buying, as seen also by the way all the key indices
acted in concert Usually when
professonals become big buyers after a test of the
65-dma, prices go right back up. As
we already had a normally reliable Buy B17 in place
and the seasonality for the next two
months is particularly reliable and strong, we were
bullish. Add to that, the DIA's
Opening Power has never been able, by itself, to bring
about a bear market or a really big drop
below the lower band.
But there were a number of head and
shoulders's patterns. See them even now in the
NASDAQ and QQQ below, for example.
These patterns will now need to be voided
by rally above the apex of the right
shoulder in their potential head and shoulders
patterns. SOXL's advance on Friday
was able to achieve such a probable destruction
of its head/shoulders pattern.
Semi-Conductors are one of the most powerful groups
in the market. NVDA, one of SOXL's
leaders,. is on the verge of a new breakout
above its flat resistance at 238.
If it can achieve that, its next target is approximately
260, based on its inverted head/shoulders
pattern. Another powerful SOXL stock is
First Solar (FSLR). It is the only
bullish MAXCP stock that has a "bullish" rating
from all our key internal strength
indicators in the new "Composite Indicators" chart
built this weekend and shown below and
mentioned more in the Bullish MAXCPs.
The main new display shown in most of our
charts highlights at the bottom the
Opening and Closing Strength.
Closing Strength is expected to dominate most stocks.
That indicator, the Relative Strength
Quoient (stock/DJ-30) and the Accumulation
emerge time after time as the most
important indicators. But never forget the price
action, itself. In EYE, shown
below, see how a break in a long, well-tested uptrendline
led to a disastrous decline once the key
support was taken out and our internals all
turned negative. |
|
| |
Charts - 3/3/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90303.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-03-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-03-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
All Bullish Internal Readings
 
|
|
ALL BEARISH READINGS 
|
 |
Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,179 |
3,181 |
3,165 |
| Advances |
2,484 |
1,654 |
878 |
| Declines |
588 |
1,416 |
2,175 |
| Unchanged |
107 |
111 |
112 |
| New
highs |
124 |
83 |
44 |
| New
lows |
18 |
51 |
47 |
| Adv.
volume* |
752,553,249 |
549,210,911 |
243,362,806 |
| Decl.
volume* |
122,578,894 |
340,810,752 |
600,967,813 |
| Total
volume* |
883,179,811 |
916,312,564 |
851,653,136 |
| Closing
Arms (TRIN)† |
0.72 |
0.79 |
1.03 |
| Block
trades* |
4,730 |
4,997 |
4,300 |
| Adv.
volume |
3,409,269,427 |
2,448,694,839 |
1,085,475,340 |
| Decl.
volume |
584,310,671 |
1,665,211,852 |
2,756,411,859 |
| Total
volume |
4,084,738,232 |
4,244,903,636 |
3,877,704,657 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,716 |
4,746 |
4,731 |
| Advances |
3,172 |
2,376 |
1,138 |
| Declines |
1,345 |
2,151 |
3,386 |
| Unchanged |
199 |
219 |
207 |
| New
highs |
99 |
94 |
60 |
| New
lows |
66 |
163 |
169 |
| Closing
Arms (TRIN)† |
0.58 |
0.59 |
1.21 |
| Block
trades |
40,479 |
45,937 |
28,202 |
| Adv.
volume |
4,055,571,678 |
3,436,580,746 |
954,020,144 |
| Decl.
volume |
998,838,342 |
1,829,936,400 |
3,438,366,213 |
| Total
volume |
5,102,218,692 |
5,313,766,812 |
4,432,654,302 |
|
Table 2 QUICKSILVER on ETFS - 3/3/2023 ---
Bullish = 3 FAS, SOXL, TECL, DBO, CPER
Bearish = 1 WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 334.21 3.77 329.06 92.8% ------- BLUE .11 0 . ----
---------------------------------------------------------------------------------------------
COMPQX 11689.01 226.03 11466.98 128.6% Bullish BLUE .04 .088 .128
---------------------------------------------------------------------------------------------
SPY 404.19 6.38 397.73 98.5% Bullish BLUE .088 .043 .131
---------------------------------------------------------------------------------------------
QQQ 299.68 6.07 293.94 133.7% Bullish BLUE .056 .09 .146
---------------------------------------------------------------------------------------------
MDY 483.54 4.86 475.79 94% Bullish BLUE .097 .091 .188
---------------------------------------------------------------------------------------------
IWM 191.5 2.63 188.17 106% Bullish BLUE .143 .092 .235
---------------------------------------------------------------------------------------------
FAS 83.11 3.61 81.26 118.2% ------- BLUE .132 .178 .31
---------------------------------------------------------------------------------------------
RETL 8.83 .32 8.74 58.2% Bearish BLUE -.071 .268 .197
---------------------------------------------------------------------------------------------
SOXL 15.68 .67 14.5 468.2% Bullish BLUE .023 .446 .469
---------------------------------------------------------------------------------------------
TECL 30.13 1.78 28.16 429.9% ------- BLUE .045 .293 .338
---------------------------------------------------------------------------------------------
IBB 130.52 2.16 126.87 161.3% Bullish BLUE .064 -.021 .043
---------------------------------------------------------------------------------------------
GLD 172.49 1.83 169.01 122% ------- BLUE -.152 .016 -.136
---------------------------------------------------------------------------------------------
DBO 15.25 .3 14.56 165.9% Bullish BLUE .318 .036 .354
---------------------------------------------------------------------------------------------
OIH 330.41 4.35 314.73 323.5% Bullish BLUE .052 .146 .198
---------------------------------------------------------------------------------------------
CPER 24.85 .04 24.44 159.9% ------- RED .275 .072 .347
---------------------------------------------------------------------------------------------
TAN 78.2 1.95 74.22 375.1% ------- BLUE .088 -.011 .077
---------------------------------------------------------------------------------------------
UUP 28.31 -.11 28.34 -31.7% ------- RED .14 -.012 .128
---------------------------------------------------------------------------------------------
CORN 25.36 .22 25.48 -57.3% Bearish BLUE -.177 -.04 -.217
---------------------------------------------------------------------------------------------
WEAT 7.19 -.01 7.17 -48.6% ------- ---- -.203 -.071 -.274
---------------------------------------------------------------------------------------------
YINN 49.49 -.05 43.35 872.6% ------- BLUE -.03 .076 .046
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/3/23
Bullish = 35
Bearish = 13
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER .857 .857 .714 .428 .428 .428
HOMEBLDG .833 .666 .611 .777 .722 .777
INFRA .818 .757 .696 .636 .636 .606
GREEN .777 .611 .555 .611 .5 .5
CHEM .744 .651 .604 .627 .651 .604
TRANSP .736 .789 .684 .684 .736 .578
SEMI .734 .723 .712 .712 .712 .68
=====
AUTO .716 .622 .584 .603 .566 .547
GUNS .714 .714 .642 .642 .642 .642
JETS .692 .692 .769 .769 .769 .615
MILITARY .692 .653 .615 .615 .692 .653
ELECTRON .684 .669 .654 .646 .646 .631
INDMATER .68 .597 .555 .486 .541 .486
COAL .666 .5 .5 .5 .5 .5
EDU .666 .5 .666 .5 .666 .833
HIGHPRIC .662 .571 .51 .545 .58 .545
COMPUTER .65 .65 .55 .55 .55 .65
INDEXES .648 .567 .475 .513 .562 .518
HOSPITAL .642 .5 .571 .642 .714 .785
GAMING .631 .684 .631 .789 .736 .736
NIFTY .613 .545 .5 .59 .59 .522
ETFS .6 .436 .4 .381 .4 .345
NASD-100 .6 .54 .48 .51 .53 .48
=====
RUS-1000 .591 .529 .501 .519 .533 .529
=====
SOFTWARE .589 .553 .517 .553 .553 .589
BEVERAGE .571 .571 .428 .428 .571 .428
BIGBANKS .571 .571 .571 .571 .714 .714
HACKERS .562 .562 .562 .562 .562 .562
FINANCE .55 .45 .5 .512 .537 .562
RETAIL .531 .468 .361 .382 .361 .319
SP500 .53 .456 .413 .43 .452 .436
=====
OILGAS .523 .476 .409 .323 .4 .361
FIDSTKS .514 .473 .431 .431 .461 .42
COMODITY .512 .333 .282 .282 .333 .282
FOOD .51 .306 .306 .306 .326 .326
=============================================================================================
SOLAR .5 .375 .375 .375 .312 .187
=============================================================================================
SP-100 .488 .4 .322 .333 .4 .333
INSURANC .48 .44 .44 .52 .52 .44
REGBANKS .44 .32 .44 .52 .48 .48
LOWPRICE .435 .404 .404 .404 .398 .392
DOWJONES .433 .4 .3 .333 .4 .366
=====
CHINA .431 .409 .34 .318 .363 .295
BIOTECH .428 .375 .403 .392 .383 .377
REIT .4 .33 .307 .369 .384 .415
DJI-13 .307 .23 .23 .153 .23 .153
GOLD .26 .173 .152 .108 .108 .086
MARIJUAN .2 .2 .2 .2 .2 .2
UTILITY .157 .078 .052 .078 .157 .21
BONDFUND .114 .08 .103 .114 .103 .091
|
===================================================================================
Friday 3/3/2023 6:15 AM PCT Futures
DJI +100 NASDAQ +50 Data Used 3-2-2023
| |
3-2-2023
|
|
| |
The Peerless B17 and the support at 34500
appear to have worked. The DJI
led the other key
indexes up today and Professionals have become buyers. At the
same time, the
overseas selling and efforts to drive the market down at the opening
seem to have
ended. Now we have the bullish seasonality of March and April
to start the
winds of a rally again. See how the Closing Powers have turned up
below. A
rally back to the flat resistance of the DJI above 13400 seems likely.
It would be nice
if breadth were to be much better than today. But with the Ten-
Year bonds still
rallying, that may be asking too much.
See how the 10
year rates' numbers divided by the DJI-30 (RSQ) shows us that rates
are still
climbing, with bonds and utilities falling.
Start looking
more at the RSQ - Relative Strength Quotient line. Its trend-breaks
are very good at
short-term timing most trading vehicles. New RSQ new lows
and new highs are
very important. |
|
| |
Charts - 3/2/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90302.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-02-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-02-2023/BEARISH.htm
|
|
|
 |
|
|
|
|
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,181 |
3,166 |
3,166 |
| Advances |
1,654 |
1,333 |
2,023 |
| Declines |
1,416 |
1,702 |
1,027 |
| Unchanged |
111 |
131 |
116 |
| New
highs |
83 |
86 |
57 |
| New
lows |
51 |
51 |
28 |
| Adv.
volume* |
549,210,911 |
429,731,440 |
491,042,039 |
| Decl.
volume* |
340,810,752 |
507,131,240 |
347,961,432 |
| Total
volume* |
916,312,564 |
953,590,347 |
848,424,216 |
| Closing
Arms (TRIN)† |
0.79 |
0.97 |
1.52 |
| Block
trades* |
4,997 |
5,101 |
4,237 |
| Adv.
volume |
2,448,694,839 |
1,845,614,603 |
2,199,912,806 |
| Decl.
volume |
1,665,211,852 |
2,274,794,089 |
1,699,090,991 |
| Total
volume |
4,244,903,636 |
4,249,485,874 |
3,952,946,648 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,746 |
4,731 |
4,749 |
| Advances |
2,376 |
1,968 |
2,601 |
| Declines |
2,151 |
2,549 |
1,898 |
| Unchanged |
219 |
214 |
250 |
| New
highs |
94 |
100 |
82 |
| New
lows |
163 |
132 |
130 |
| Closing
Arms (TRIN)† |
0.59 |
1.29 |
1.12 |
| Block
trades |
45,937 |
32,104 |
31,091 |
| Adv.
volume |
3,436,580,746 |
1,827,498,643 |
2,574,771,619 |
| Decl.
volume |
1,829,936,400 |
3,059,410,239 |
2,099,769,653 |
| Total
volume |
5,313,766,812 |
4,927,534,480 |
4,714,580,550 |
|
Table 2 QUICKSILVER on ETFS - 3/3/2023 ---
Bullish = 3 SOXL, DBO, CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 330.44 3.44 328.12 -18.7% ------- BLUE .101 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11462.98 83.49 11394.94 -55.6% Bullish BLUE .026 .066 .092
---------------------------------------------------------------------------------------------
SPY 397.81 3.07 396.38 -35.9% Bullish BLUE .071 .033 .104
---------------------------------------------------------------------------------------------
QQQ 293.61 2.41 291.85 -54.7% Bullish BLUE .04 .066 .106
---------------------------------------------------------------------------------------------
MDY 478.68 2.8 474.59 12.1% Bullish BLUE .078 .083 .161
---------------------------------------------------------------------------------------------
IWM 188.87 .45 187.51 -10.9% Bullish BLUE .131 .079 .21
---------------------------------------------------------------------------------------------
FAS 79.5 -1.13 81.2 -106% ------- BLUE .113 .135 .248
---------------------------------------------------------------------------------------------
RETL 8.51 .24 8.73 -423.3% ------- BLUE -.042 .169 .127
---------------------------------------------------------------------------------------------
SOXL 15.01 .33 14.31 -23.9% Bullish BLUE .041 .347 .388 +++
---------------------------------------------------------------------------------------------
TECL 28.35 1.01 27.73 -169% ------- BLUE .055 .182 .237
---------------------------------------------------------------------------------------------
IBB 128.36 .3 126.41 -25.1% Bullish BLUE .066 -.039 .027
---------------------------------------------------------------------------------------------
GLD 170.66 -.1 168.35 32.2% ------- BLUE -.132 .019 -.113
---------------------------------------------------------------------------------------------
DBO 14.95 .07 14.76 98.6% ------- ---- .227 .038 .265 +++
---------------------------------------------------------------------------------------------
OIH 326.06 6.67 309.95 359.9% Bullish BLUE .045 .136 .181
---------------------------------------------------------------------------------------------
CPER 24.81 -.58 24.06 32.4% ------- ---- .316 .085 .401 +++
---------------------------------------------------------------------------------------------
TAN 76.25 -.3 72.59 107.4% ------- BLUE .074 -.032 .042
---------------------------------------------------------------------------------------------
UUP 28.42 .15 28.49 24.7% ------- ---- .094 -.001 .093
---------------------------------------------------------------------------------------------
CORN 25.14 -.05 25.65 -186.3% ------- RED -.15 -.04 -.19
---------------------------------------------------------------------------------------------
WEAT 7.2 0 7.26 -254.5% ------- ---- -.167 -.063 -.23
---------------------------------------------------------------------------------------------
YINN 49.54 2.5 41.69 400.1% ------- BLUE -.027 .076 .049
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/3/23
Bullish = 24
Bearish = 24
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER .857 .714 .428 .428 .428 .428
TRANSP .789 .684 .684 .736 .631 .684
INFRA .757 .696 .636 .636 .606 .666
SEMI .723 .712 .712 .712 .67 .776
-----
GUNS .714 .642 .642 .642 .642 .642
JETS .692 .769 .769 .769 .615 .769
GAMING .684 .631 .736 .789 .736 .736
ELECTRON .669 .654 .646 .646 .624 .706
HOMEBLDG .666 .611 .777 .722 .777 .833
MILITARY .653 .615 .615 .692 .653 .692
CHEM .651 .604 .627 .651 .604 .581
COMPUTER .65 .55 .55 .55 .65 .7
AUTO .622 .603 .603 .566 .547 .622
GREEN .611 .555 .611 .5 .5 .777
INDMATER .597 .555 .486 .541 .5 .5
BEVERAGE .571 .428 .428 .571 .428 .571
BIGBANKS .571 .571 .571 .714 .714 .714
HIGHPRIC .571 .51 .545 .58 .549 .653
INDEXES .567 .475 .513 .562 .535 .594
HACKERS .562 .562 .562 .562 .562 .562
SOFTWARE .553 .535 .553 .553 .589 .678
NIFTY .545 .5 .59 .59 .522 .613
NASD-100 .54 .48 .51 .53 .48 .56
RUS-1000 .529 .501 .519 .533 .534 .586
=============================================================================================
COAL .5 .5 .5 .5 .5 .5
EDU .5 .666 .5 .666 .833 .833
HOSPITAL .5 .571 .642 .714 .785 .785
============================================================================================
OILGAS .476 .409 .323 .4 .361 .333
FIDSTKS .473 .431 .431 .461 .426 .485
RETAIL .468 .361 .382 .361 .34 .425
SP500 .456 .413 .432 .448 .444 .481
-----
FINANCE .45 .5 .512 .525 .562 .562
INSURANC .44 .44 .52 .52 .44 .44
ETFS .436 .4 .381 .4 .4 .472
CHINA .409 .34 .318 .363 .295 .409
LOWPRICE .404 .406 .406 .398 .398 .458
DOWJONES .4 .3 .333 .4 .366 .433
-----
SP-100 .4 .322 .333 .4 .333 .377
BIOTECH .375 .4 .394 .383 .377 .437
SOLAR .375 .375 .375 .312 .187 .437
COMODITY .333 .282 .256 .333 .307 .358
REIT .33 .3 .376 .392 .407 .507
REGBANKS .32 .44 .52 .48 .48 .44
FOOD .306 .306 .285 .326 .326 .387
DJI-13 .23 .23 .153 .23 .153 .23
MARIJUAN .2 .2 .2 .2 .2 .2
GOLD .173 .152 .108 .108 .108 .086
BONDFUND .08 .103 .114 .103 .103 .103
UTILITY .078 .052 .078 .157 .21 .131
|
====================================================================================
Thursday 3/2/2023 6:20 AM PCT Futures
DJI +69 NASDAQ -85 Data Used 3-1-2023
| |
3-1-2023
|
|
| |
It will take only a
small (1%) decline from here for the DJI, NASDAQ, SP-500 and QQQ
to break key support levels and
probably start a decline to re-test their lows of last year.
But that hasn't happened yet.
Our Peerless Buy B17 has a failure rate of less than 5%.
Seasonality is quite bullish.
The month of March has since 1967 in 3rd years of the Presidential
cycle, brought a rally 86.7%
of the time and a rally 93.3% of the time over the next 2 months.
As noted frequently here, it has
been the weak openings that have brought most of the
decline over the last month.
That is why the Opening Powers in the major indexes' and ETFs'
charts are at or just above their
65-day low. The new chart format now used here shows that.
Usually, the Professionals win in
their wars with Sellers at the opening. But Professionals
are becoming more bearish now.
Compare the forces causing declines over the
last 10-days. We can no
longer count on Professionals supporting the market. See below.
10-day Change at openings at
closings
DIA
-14.15
-9.9
-4.24
SPY -17.91
-13.53
-4.37
NASD -580.69
-387.64 -193.03
QQQ -15.55
-11.34
-4.21
IWM -4.09
-6.5
+2.41
SOXL -2.65
-.99
-1.66
A war is going on between the
QUANTS that control so much of the market. Some like
JPMorgan have been predicting a
retesting of the lows of last year and some like Nakamura
are holding their long positions
and are hoping for a rally, but only just so long as the
SP-500 does not break below its
200-day ma. Some are manipulating the market through
individual DJI-30 shares. The
bears are selling GS and UNH, the two most weighty DJI-30
stocks and the bulls today were
buyers of CAT, the third most heavily weighted DJ-30 stock,
which rose 9.12 today. Most
likely volatile NVDA is also being played in this contest.
But now it is falling back.
That may cause our SOXL position trouble. Its retreat has
prevented SOXL from surpassing its
right shoulder peak above 15 today in a potential
head/shoulders pattern.
The problem for the bulls and for
the bullish seasonality has been how the 10-year interest
rates are now close to rising above
the 4% level. This is the level that triggered the 1957
20% decline after a long period of
low interest rates. Short-term rates are on the verge
of reaching 5%. This is a
mile-marker for the Big Banks and therefore consumers who
pay the banks much, much more.
The FED's hawks are trying to undo the damage
they did in 2021 by not raising
interest rates sooner as the signs of inflation became
readily apparent. Now they
appear to be making the same mistake in reverse. Powell,
the head of the FED, will appear
before the Senate next week. Democrat liberals like
Sanders and Warren will, no doubt,
roast him if the market does sell off before then.
If I were Powell, I would do
something to hold the market up between now and then.
I have warned that the bullish
Seasonality of the third year for the market has its limits.
When the FED sharply raises rates,
as it did in February 1923, September 1931,
August 1957, September 1967,
October 1979 and October 1987, the DJI
swoons and the bulls are hurt.
The FED hawks have been talking a lot recently. If they
follow-through by raising rates
more than 1/4% at the next FOMC meeting, it seems
likely the DJI will break below its
support at 32500. Most likely that will bring a
Sell S10 from Peerless.
So, be most careful here. Hedging
with some of the bearish MINCPs seems appropriate.
|
|
| |
Charts - 3/1/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90301.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/3-01-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/3-01-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
|
 |
Table 1 - Daily Volume and Breadth
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,166 |
3,164 |
3,155 |
| Advances |
1,333 |
1,454 |
1,673 |
| Declines |
1,702 |
1,568 |
1,374 |
| Unchanged |
131 |
142 |
108 |
| New
highs |
86 |
80 |
32 |
| New
lows |
51 |
36 |
34 |
| Adv.
volume* |
429,731,440 |
584,797,556 |
451,243,655 |
| Decl.
volume* |
507,131,240 |
839,474,573 |
451,766,849 |
| Total
volume* |
953,590,347 |
1,483,201,057 |
912,520,292 |
| Closing
Arms (TRIN)† |
0.97 |
1.23 |
1.08 |
| Block
trades* |
5,101 |
5,160 |
4,263 |
| Adv.
volume |
1,845,614,603 |
2,099,063,072 |
2,141,010,353 |
| Decl.
volume |
2,274,794,089 |
2,775,971,600 |
1,891,970,859 |
| Total
volume |
4,249,485,874 |
5,043,405,832 |
4,079,327,971 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,731 |
4,722 |
4,752 |
| Advances |
1,968 |
2,261 |
2,164 |
| Declines |
2,549 |
2,196 |
2,348 |
| Unchanged |
214 |
265 |
240 |
| New
highs |
100 |
103 |
46 |
| New
lows |
132 |
101 |
122 |
| Closing
Arms (TRIN)† |
1.29 |
0.83 |
0.79 |
| Block
trades |
32,104 |
34,717 |
29,524 |
| Adv.
volume |
1,827,498,643 |
2,896,438,464 |
2,493,299,353 |
| Decl.
volume |
3,059,410,239 |
2,340,463,777 |
2,136,847,412 |
| Total
volume |
4,927,534,480 |
5,340,951,479 |
4,671,277,624 |
|
Table 2 QUICKSILVER on ETFS - 2/28/2023 ---
Bullish = 4 +3 FAS, SOXL, DBO, CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 327 .43 331.67 -53.5% ------- BLUE .109 0 .109
---------------------------------------------------------------------------------------------
COMPQX 11379.49 -76.05 11590.4 -55.6% ------- RED .04 .07 .11
---------------------------------------------------------------------------------------------
SPY 394.74 -1.52 400.66 -47.7% ------- RED .082 .031 .113
---------------------------------------------------------------------------------------------
QQQ 291.2 -2.36 296.82 -51.9% ------- RED .045 .069 .114
---------------------------------------------------------------------------------------------
MDY 475.88 1.13 477.53 6.7% Bullish BLUE .124 .084 .208
---------------------------------------------------------------------------------------------
IWM 188.42 .24 189.28 12.8% Bullish BLUE .144 .09 .234
---------------------------------------------------------------------------------------------
FAS 80.63 -.89 81.22 -6.8% ------- BLUE .127 .144 .271 +++
---------------------------------------------------------------------------------------------
RETL 8.27 -.44 9.25 -635.6% ------- RED -.012 .111 .099
---------------------------------------------------------------------------------------------
SOXL 14.68 .03 15.08 293.6% ------- RED .061 .305 .366 +++
---------------------------------------------------------------------------------------------
TECL 27.34 -.64 29.3 -106.3% ------- RED .069 .115 .184
---------------------------------------------------------------------------------------------
IBB 128.06 .88 129 -52.4% ------- BLUE .078 -.029 .049
---------------------------------------------------------------------------------------------
GLD 170.76 .98 169.57 32.5% ------- RED -.105 .05 -.055
---------------------------------------------------------------------------------------------
DBO 14.88 .19 14.66 171.1% Bullish BLUE .277 .039 .316 +++
---------------------------------------------------------------------------------------------
OIH 319.39 8.49 303.62 352% Bullish BLUE .028 .116 .144
---------------------------------------------------------------------------------------------
CPER 25.39 .55 24.65 14.2% Bullish BLUE .33 .132 .462 +++
---------------------------------------------------------------------------------------------
TAN 76.55 2.26 74.65 166.3% Bullish BLUE .079 -.029 .05
---------------------------------------------------------------------------------------------
UUP 28.27 -.15 28.28 0% Bullish ---- .102 .018 .12
---------------------------------------------------------------------------------------------
CORN 25.19 .13 26.09 -262% ------- BLUE -.149 -.015 -.164
---------------------------------------------------------------------------------------------
WEAT 7.2 .05 7.57 -251.9% ------- BLUE -.102 -.04 -.142
---------------------------------------------------------------------------------------------
YINN 47.04 5.19 46.02 29.6% ------- RED -.08 .049 -.031
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/1/23
Bullish = 22
Bearish = 24
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
JETS .769 .769 .769 .615 .769 .769
COPPER .714 .428 .428 .428 .428 .714
SEMI .712 .712 .712 .67 .755 .702
-----
INFRA .696 .636 .636 .606 .666 .696
TRANSP .684 .684 .736 .631 .684 .631
EDU .666 .5 .666 .833 .833 1
ELECTRON .654 .646 .646 .624 .691 .669
GUNS .642 .642 .642 .642 .642 .714
GAMING .631 .736 .736 .789 .736 .684
MILITARY .615 .615 .692 .653 .692 .692
HOMEBLDG .611 .777 .722 .777 .833 .777
CHEM .604 .627 .651 .604 .581 .534
AUTO .603 .622 .566 .547 .622 .622
BIGBANKS .571 .571 .714 .714 .714 .571
HOSPITAL .571 .642 .714 .785 .785 .785
HACKERS .562 .562 .562 .562 .562 .562
GREEN .555 .611 .5 .5 .722 .611
INDMATER .555 .486 .541 .5 .5 .5
COMPUTER .55 .55 .55 .65 .7 .65
SOFTWARE .535 .571 .553 .589 .696 .696
HIGHPRIC .51 .545 .58 .549 .653 .614
RUS-1000 .501 .519 .533 .534 .588 .564
-----
=================================================================================================
COAL .5 .5 .5 .5 .5 .5
FINANCE .5 .512 .525 .55 .562 .537
NIFTY .5 .59 .59 .522 .636 .636
=================================================================================================
NASD-100 .48 .51 .53 .48 .57 .63
-----
INDEXES .475 .513 .562 .535 .594 .6
INSURANC .44 .52 .52 .44 .48 .6
REGBANKS .44 .52 .48 .48 .44 .4
FIDSTKS .431 .431 .461 .426 .491 .485
BEVERAGE .428 .428 .571 .428 .5 .5
SP500 .413 .432 .45 .44 .487 .459
-----
OILGAS .409 .323 .4 .361 .342 .314
LOWPRICE .406 .409 .401 .398 .461 .435
BIOTECH .4 .392 .386 .377 .443 .426
ETFS .4 .381 .4 .4 .509 .436
SOLAR .375 .375 .312 .187 .437 .312
RETAIL .361 .382 .361 .34 .425 .425
CHINA .34 .318 .363 .295 .409 .409
SP-100 .322 .333 .4 .333 .377 .4
FOOD .306 .285 .306 .326 .387 .387
DOWJONES .3 .333 .4 .366 .433 .4
-----
REIT .3 .369 .4 .415 .507 .43
COMODITY .282 .256 .307 .307 .358 .384
DJI-13 .23 .153 .23 .153 .23 .153
MARIJUAN .2 .2 .2 .2 .2 .2
GOLD .152 .108 .108 .108 .086 .108
BONDFUND .103 .114 .103 .103 .126 .114
UTILITY .052 .078 .157 .21 .131 .131
|
==================================================================================
Wednesday
3/1/2023 6:20 AM PCT Futures
DJI -25 NASDAQ -2
Data Used 2-28-2023
| |
2-28-2023
|
|
| |
Technically
minded traders all seem to be looking at the critical support levels less
than 1% today's close.
In some quarters, they are called "QUANTS". Today
Jamie Dimon of JPM went
"messing" with the minds of the quants at Nakamura
saying that they were ready
to dump $5 billion in stocks if the SP-500 dropped
below its 200-day ma.
SPY closed just 30 points above that key support. Today's
reversal down looked bearish.
But 150 points of the DJI's 232 point decline owes
to selling in the relative
thin, two highest DJI-30 stocks, UNH and GS. A rigged
decline below the SP-500's
and the DJI's key support levels seems in the making.
With the SPY chart below so
many bearish internals, I would sell long positions
in it to avoid being
caught in a dangerous rigged breakdown.
That leaves us long
SOXL, which I like because it will benefit by the government's
big infusion of capital
so as to escape dependency on China. And long IWM,
whose smaller stocks
are exactly those most favored now in our Bullish MAXCPs.
The games being played
by the big banks' Quants and their hedge fund friends
with the major market
ETFs does not help the economy or the small investor.
But they are more and
more controlling of the market. What can we do? Avoid
being stepped on by the
elephants. That's the first order of business. When the
downtrends of Closing
Powers clearly come to an end we can be buyers of DIA and
SPY much more safely. |
|
| |
Charts - 2/28/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90228.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-28-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-28-2023/BEARISH.htm |
|
 |
"Both Down" is usually bearish for ETF or stock or INDEX.
 |
 |
Head/Shoulders?
 |
 |
Bearish internals remain
 |
 |
 |
|
 |
 |
Table 1 - Daily volume and breadth statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,164 |
3,187 |
3,174 |
| Advances |
1,454 |
1,843 |
384 |
| Declines |
1,568 |
1,240 |
2,721 |
| Unchanged |
142 |
104 |
69 |
| New
highs |
80 |
72 |
38 |
| New
lows |
36 |
25 |
29 |
| Adv.
volume* |
584,797,556 |
421,123,296 |
116,316,598 |
| Decl.
volume* |
839,474,573 |
393,229,281 |
842,793,461 |
| Total
volume* |
1,483,201,057 |
828,906,507 |
966,100,118 |
| Closing
Arms (TRIN)† |
1.23 |
1.27 |
0.86 |
| Block
trades* |
5,160 |
4,249 |
4,583 |
| Adv.
volume |
2,099,063,072 |
2,043,877,995 |
574,942,182 |
| Decl.
volume |
2,775,971,600 |
1,740,674,215 |
3,509,647,483 |
| Total
volume |
5,043,405,832 |
3,836,954,305 |
4,121,592,279 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,722 |
4,764 |
4,762 |
| Advances |
2,261 |
2,658 |
880 |
| Declines |
2,196 |
1,879 |
3,715 |
| Unchanged |
265 |
227 |
167 |
| New
highs |
103 |
100 |
50 |
| New
lows |
101 |
102 |
130 |
| Closing
Arms (TRIN)† |
0.83 |
0.71 |
0.92 |
| Block
trades |
34,717 |
31,666 |
33,582 |
| Adv.
volume |
2,896,438,464 |
2,961,042,722 |
1,018,990,912 |
| Decl.
volume |
2,340,463,777 |
1,486,919,078 |
3,947,653,121 |
| Total
volume |
5,340,951,479 |
4,494,007,022 |
5,002,540,609 |
|
Table 2
Table 2 QUICKSILVER on ETFS - 2/28/2023 ---
Bullish = 1 CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 326.57 -2.49 330.52 -70.9% ------- RED .059 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11455.54 -11.44 11507.07 -16% ------- BLUE .022 .066 .088
---------------------------------------------------------------------------------------------
SPY 396.26 -1.47 398.54 -35.5% ------- RED .057 .032 .089
---------------------------------------------------------------------------------------------
QQQ 293.56 -.38 294.25 -8% ------- BLUE .033 .065 .098
---------------------------------------------------------------------------------------------
MDY 474.75 -1.04 475.24 1.1% Bullish RED .068 .08 .148
---------------------------------------------------------------------------------------------
IWM 188.18 .01 187.94 19.9% Bullish ---- .105 .084 .189
---------------------------------------------------------------------------------------------
FAS 81.52 .26 80.74 14.8% ------- BLUE .09 .112 .202
---------------------------------------------------------------------------------------------
RETL 8.71 -.03 9.41 -302.9% ------- RED -.019 .093 .074
---------------------------------------------------------------------------------------------
SOXL 14.65 .15 13.83 223.1% Bullish BLUE .038 .167 .205
---------------------------------------------------------------------------------------------
TECL 27.98 -.18 27.94 -19.5% ------- ---- .055 .038 .093
---------------------------------------------------------------------------------------------
IBB 127.18 .31 129.4 -95.9% Bearish BLUE .032 -.03 .002
---------------------------------------------------------------------------------------------
GLD 169.78 .77 169.66 -24.8% ------- BLUE -.108 .05 -.058
---------------------------------------------------------------------------------------------
DBO 14.69 .13 14.38 0% ------- RED .189 .03 .219
---------------------------------------------------------------------------------------------
OIH 310.9 -3.83 297.75 70.6% ------- RED -.011 .102 .091
---------------------------------------------------------------------------------------------
CPER 24.84 .4 25.32 -143.1% Bullish BLUE .242 .106 .348
---------------------------------------------------------------------------------------------
TAN 74.29 .07 74.09 13.5% ------- BLUE .033 -.062 -.029
---------------------------------------------------------------------------------------------
UUP 28.42 .08 28.27 42.4% Bullish BLUE .148 .055 .203
---------------------------------------------------------------------------------------------
CORN 25.06 -.42 26.54 -331.3% Bearish RED -.186 .005 -.181
---------------------------------------------------------------------------------------------
WEAT 7.15 -.02 7.57 -349.1% ------- ---- -.145 -.018 -.163
---------------------------------------------------------------------------------------------
YINN 41.85 -1.5 46.78 -667.9% Bearish RED -.081 -.107 -.188
|
Table 3
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/28/23
Bullish = 25
Bearish = 21
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .777 .722 .777 .833 .777 .722
JETS .769 .769 .615 .769 .769 .769
GAMING .736 .736 .736 .789 .684 .684
SEMI .712 .712 .67 .755 .702 .68
====
TRANSP .684 .736 .631 .684 .631 .684
ELECTRON .646 .646 .624 .691 .661 .639
GUNS .642 .642 .642 .642 .714 .714
HOSPITAL .642 .714 .785 .785 .785 .785
INFRA .636 .636 .606 .666 .696 .696
CHEM .627 .651 .604 .581 .581 .534
AUTO .622 .584 .547 .622 .622 .622
MILITARY .615 .692 .653 .692 .692 .692
GREEN .611 .5 .5 .722 .666 .444
NIFTY .59 .59 .522 .636 .636 .59
BIGBANKS .571 .714 .714 .714 .571 .571
SOFTWARE .571 .571 .589 .696 .696 .66
HACKERS .562 .562 .562 .562 .562 .562
COMPUTER .55 .55 .65 .7 .65 .55
HIGHPRIC .545 .58 .549 .653 .623 .632
INSURANC .52 .52 .44 .48 .6 .64
REGBANKS .52 .48 .48 .44 .4 .4
RUS-1000 .519 .533 .534 .588 .573 .579
=====
INDEXES .513 .562 .535 .594 .6 .627
FINANCE .512 .525 .55 .55 .525 .575
NASD-100 .51 .53 .48 .57 .63 .63
================================================================================================
COAL .5 .5 .5 .5 .5 .5
EDU .5 .666 .833 .833 1 1
================================================================================================
INDMATER .486 .541 .5 .5 .5 .513
SP500 .432 .45 .442 .483 .471 .491
=====
FIDSTKS .431 .461 .426 .491 .485 .479
BEVERAGE .428 .571 .428 .5 .5 .428
COPPER .428 .428 .428 .428 .714 1
LOWPRICE .409 .404 .401 .461 .435 .455
BIOTECH .392 .383 .38 .443 .423 .434
RETAIL .382 .361 .34 .425 .425 .446
ETFS .381 .4 .4 .509 .454 .527
SOLAR .375 .312 .187 .437 .312 .125
REIT .369 .392 .423 .515 .423 .492
DOWJONES .333 .4 .366 .433 .4 .433
=====
SP-100 .333 .4 .333 .377 .388 .433
OILGAS .323 .4 .361 .342 .323 .361
CHINA .318 .363 .295 .409 .409 .454
FOOD .285 .306 .306 .387 .387 .387
COMODITY .256 .307 .282 .358 .384 .358
MARIJUAN .2 .2 .2 .2 .2 .2
DJI-13 .153 .23 .153 .23 .153 .153
BONDFUND .114 .103 .103 .126 .126 .114
GOLD .108 .108 .108 .086 .108 .13
UTILITY .078 .157 .21 .131 .184 .184
|
=====================================================================================
Tuesday 2/28 6:10 AM PCT Futures DJI + 101 NASDAQ +58
Data Used 2-27-2023
| |
2-27-2023
|
|
| |
Look for a
rally next back to the right shoulder peaks' resistance-points, as shown below
for QQQ, SOXL, IWM and SPY.
After that, another test of 32500 may be needed.
The Buy B11 gives us reason
to be buyers at support from the previous low and
at the 3% lower band of the
the DJIA. European sellers who have a special fear
of inflation and are much
closer to the Russian war on Ukraine have been driving down
our Opening Power since early
March much more than Professionals in NY who
trade mostly from the opening
to the close of trading in New York. I can find no cases
since 1991 when opening data
comes available, where such overseas selling and the
Opening Power brought about a
bear market against the NY Professionals and a
rising Closing Power.
The divergence of forces of Opening Power weakness and
Closing Power strength has
lasted more than three weeks. So, it ought to be time
for Opening Power selling to
subside and prices to rise into better allignment
with the wishes of the
Professionals, thus bringing the 65-day Opening Power perecent
up from its low to its high.
See the new chart format of DJI and SPY below. We
did see a higher opening
yesterday and today is up, too.
The steeply falling
IP21-Accumulation Index for the last 7-trading days shows an
oversold condition and is not
deadly unless the DJI's support at 32500 gives way.
In that case, we will be in a
zone of heightened risk from a combination of runaway
inflation and interest rates.
A test then of last year's lows in the DJI will be highly
likely. Watch the
percentage of DJI-30 stocks that are below their 65-dma. It is
now 60%. The higher it
goes, the more the DJI will face overhead resistance at
its 65-dma. Hold as
longs IWM, SPY and SOXL. If you want to hedge, find
the "Both Down"
stocks (falling Opening and Closing Power) that have head and
shoulders patterns and are
breaking their 65-dma. AA, under these rules, should be
shorted, so should Gold and
Silver stocks. As long as the Dollar keeps rising,
there will be heavy selling
in precious metals.
|
|
| |
Charts - 2/27/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90227.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-27-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-27-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,187 |
3,165 |
3,155 |
| Advances |
1,843 |
878 |
1,309 |
| Declines |
1,240 |
2,175 |
1,713 |
| Unchanged |
104 |
112 |
133 |
| New
highs |
72 |
44 |
61 |
| New
lows |
25 |
47 |
10 |
| Adv.
volume* |
421,123,296 |
243,362,806 |
370,439,463 |
| Decl.
volume* |
393,229,281 |
600,967,813 |
543,469,907 |
| Total
volume* |
828,906,507 |
851,653,136 |
929,039,222 |
| Closing
Arms (TRIN)† |
1.27 |
1.03 |
1.32 |
| Block
trades* |
4,249 |
4,300 |
4,551 |
| Adv.
volume |
2,043,877,995 |
1,085,475,340 |
1,451,071,658 |
| Decl.
volume |
1,740,674,215 |
2,756,411,859 |
2,507,934,695 |
| Total
volume |
3,836,954,305 |
3,877,704,657 |
4,045,483,609 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,764 |
4,731 |
4,712 |
| Advances |
2,658 |
1,138 |
2,336 |
| Declines |
1,879 |
3,386 |
2,127 |
| Unchanged |
227 |
207 |
249 |
| New
highs |
100 |
60 |
88 |
| New
lows |
102 |
169 |
76 |
| Closing
Arms (TRIN)† |
0.71 |
1.21 |
1.38 |
| Block
trades |
31,666 |
28,202 |
35,534 |
| Adv.
volume |
2,961,042,722 |
954,020,144 |
2,157,595,033 |
| Decl.
volume |
1,486,919,078 |
3,438,366,213 |
2,716,501,341 |
| Total
volume |
4,494,007,022 |
4,432,654,302 |
4,925,238,527 |
|
Table 2 QUICKSILVER on ETFS - 2/27/2023 ---
Bullish = 1 -2 CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 329.06 .94 331.25 -139% ------- RED .093 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11466.98 72.04 11492.3 -138.6% ------- RED .071 .056 .127
---------------------------------------------------------------------------------------------
SPY 397.73 1.35 399.09 -119% ------- RED .103 .027 .13
---------------------------------------------------------------------------------------------
QQQ 293.94 2.09 294.03 -122.1% ------- RED .076 .056 .132
---------------------------------------------------------------------------------------------
MDY 475.79 1.2 474.65 -111.3% Bullish RED .122 .075 .197
---------------------------------------------------------------------------------------------
IWM 188.17 .66 187.43 -131.2% Bullish RED .162 .075 .237
---------------------------------------------------------------------------------------------
FAS 81.26 .06 81.28 -319.4% Bullish RED .063 .064 .127
---------------------------------------------------------------------------------------------
RETL 8.74 .01 9.26 -1110.5% ------- RED .026 .093 .119
---------------------------------------------------------------------------------------------
SOXL 14.5 .19 14.01 -343.7% Bullish RED .06 .101 .161
---------------------------------------------------------------------------------------------
TECL 28.16 .43 28.09 -362.9% ------- RED .074 .017 .091
---------------------------------------------------------------------------------------------
IBB 126.87 .46 129.64 -250.5% Bearish RED .03 -.03 0
---------------------------------------------------------------------------------------------
GLD 169.01 .66 170.62 -66.2% ------- BLUE -.12 .04 -.08
---------------------------------------------------------------------------------------------
DBO 14.56 -.2 14.69 -54.6% ------- RED .166 .031 .197
---------------------------------------------------------------------------------------------
OIH 314.73 4.78 306.57 36.8% Bullish BLUE -.014 .106 .092
---------------------------------------------------------------------------------------------
CPER 24.44 .38 25.55 -124.4% ------- BLUE .233 .089 .322 +
---------------------------------------------------------------------------------------------
TAN 74.22 1.63 74.09 -99.7% Bearish BLUE .045 -.048 -.003
---------------------------------------------------------------------------------------------
UUP 28.34 -.15 28.18 44.2% ------- ---- .087 .045 .132
---------------------------------------------------------------------------------------------
CORN 25.48 -.17 26.79 -220.2% Bearish RED -.037 .019 -.018
---------------------------------------------------------------------------------------------
WEAT 7.17 -.09 7.67 -402.9% ------- RED -.122 -.019 -.141
---------------------------------------------------------------------------------------------
YINN 43.35 1.66 47.88 -683% ------- RED -.043 -.061 -.104
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/27/23
Bullish = 26
Bearish = 21
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
JETS .769 .615 .769 .769 .769 .769
GAMING .736 .736 .736 .736 .684 .736
TRANSP .736 .631 .684 .631 .684 .789
HOMEBLDG .722 .777 .833 .777 .722 .888
BIGBANKS .714 .714 .714 .571 .571 .857
HOSPITAL .714 .785 .785 .785 .785 .785
SEMI .712 .67 .755 .702 .67 .787
----
MILITARY .692 .653 .692 .692 .692 .73
EDU .666 .833 .833 1 1 1
CHEM .651 .604 .581 .581 .558 .72
ELECTRON .646 .624 .691 .661 .631 .774
GUNS .642 .642 .642 .714 .714 .785
INFRA .636 .606 .666 .696 .666 .909
NIFTY .59 .522 .636 .636 .59 .75
AUTO .584 .566 .622 .622 .622 .773
HIGHPRIC .58 .549 .653 .623 .627 .74
BEVERAGE .571 .428 .5 .5 .428 .357
SOFTWARE .571 .607 .696 .696 .66 .732
HACKERS .562 .562 .562 .562 .562 .562
INDEXES .562 .535 .594 .6 .621 .681
COMPUTER .55 .65 .7 .65 .55 .65
INDMATER .541 .5 .5 .5 .513 .638
RUS-1000 .533 .534 .588 .573 .581 .694
-----
NASD-100 .53 .48 .57 .63 .62 .7
-----
FINANCE .525 .55 .55 .512 .575 .75
INSURANC .52 .44 .48 .6 .64 .68
---------------------------------------------------------------------------------------------------
COAL .5 .5 .5 .5 .5 .666
GREEN .5 .5 .722 .666 .444 .722
--------------------------------------------------------------------------------------------------
REGBANKS .48 .48 .44 .4 .4 .44
FIDSTKS .461 .426 .491 .485 .485 .591
SP500 .45 .442 .485 .467 .497 .612
-----
COPPER .428 .428 .428 .714 1 1
LOWPRICE .404 .404 .464 .435 .455 .507
DOWJONES .4 .366 .433 .4 .433 .566
-----
ETFS .4 .4 .509 .454 .563 .654
OILGAS .4 .361 .342 .323 .361 .38
SP-100 .4 .333 .377 .388 .433 .544
REIT .392 .415 .523 .43 .476 .7
BIOTECH .383 .377 .446 .423 .434 .559
CHINA .363 .295 .409 .409 .454 .568
RETAIL .361 .34 .425 .425 .446 .638
SOLAR .312 .187 .437 .312 .125 .312
COMODITY .307 .282 .333 .384 .358 .512
FOOD .306 .306 .367 .387 .387 .489
DJI-13 .23 .153 .23 .153 .153 .384
MARIJUAN .2 .2 .2 .2 .2 .2
UTILITY .157 .21 .131 .184 .184 .263
GOLD .108 .108 .086 .108 .13 .26
BONDFUND .103 .103 .126 .126 .137 .287
|
===================================================================================
Monday 2/27 6:10 AM PCT Futures DJI + 237 NASDAQ
+100 Data Used 2-24-2023
| |
2-24-2023
|
|
| |
The Buy B17 (see Thursday's
hotline) should bring another rally.
Almost everywhere I looked, as I redid the
charts shown here today, I saw the decline
we have been in has been caused by Public and
Overseas selling as shown by the falling
Opening Powers. The new chart format
emphasizes this by putting both Opening and
Closing lines on the main Tiger page.
Finally, this morning we see a very positive Opening.
This won't be enough to break the
downtrend-lines of the Opening Powers for the key ETFs
shown below. But it comes as a critical
time, as the DJI re-tests 32500, its previous low
and the bottom of its current trading range.
This gives Thursday's Buy B17 a chance to
mount a good rally. We have avoided the
short side. And we are long CAT and SOXL.
Now I would add SPY and IWM to that.
New Initial Tiger Display Is Coming Soon.
A new Tiger format was created this weekend
(since the rain kept all activities indoors)
to let users immediately compare the trends of
the Opening and Closing Power, instead
of only showing the Closing Power. When
these two diverge the market is preparing
to move significantly, since movements by the
Opening Power are usually wrong after
a week or two, like now. By putting these
on the bottom, we can more easily see the
Relative Stength, with its many important
trend-breaks. The OBV Line divergences
from price also serve as a warning, because a
lagging OBV means less volume to
allow prices to eat up over-head resistance.
Another change at the bottom is to let
viewers see, as they do on the candle-stick
chart, how much of the 10-day price
change owes to the opening's strength compared
to what happens from the opening
to the close. And now at the right side
of the chart, you will see how far up from the recent
65-day to the 65-day high, the close is so that
we can compare that with the Relative
Strength Quotient Line, the OBV-Line, the
Opening Power and Closing Power Lines
are. Divergences from the "65-day
price %" are now clearer to follow than the way
it was previously displayed. Also on
right side, traders are prvovided the 21 day high
and low. Placing buy orders at the 21-day
low often has merit when there are bullish
divergences using the 65-day scheme just
mentioned. Another important thing to
look for are switches by the Tiger Accumulation
Index (IP21) from being above
its 21-day ma to being below it after a good
rally in a stock or ETF. There are
many examples of this.
What I have finished in the Tiger program
allows me to show these charts here.
But there's still more to add. And
each change has repercussions for the earlier
programs. So all these have to be
check out. Then when that's done, I need to
make the programs short enough to be
compileable into an executeable program
that you can use. Very often, this
means shifting the size of the program around
internally. Just because it happily
runs in my Visual Basic does not mean it will
run on yours. Often when I compile
a long program, I get a "blue screen" that
stops the program from running because it
is taking up too much memory. |
|
| |
Charts - 2/24/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90222.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-24-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-24-2023/BEARISH.htm |
|
 |
NEW TIGER CHART OF DJI-30 (trading highs and lows used here)
 |
 |
New chart
 |
 |
New chart
 |
new chart
|
 |
New chart
 |
 |
New chart
 |
 |
Table
1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,165 |
3,166 |
3,155 |
| Advances |
878 |
2,023 |
1,309 |
| Declines |
2,175 |
1,027 |
1,713 |
| Unchanged |
112 |
116 |
133 |
| New
highs |
44 |
57 |
61 |
| New
lows |
47 |
28 |
10 |
| Adv.
volume* |
243,362,806 |
491,042,039 |
370,439,463 |
| Decl.
volume* |
600,967,813 |
347,961,432 |
543,469,907 |
| Total
volume* |
851,653,136 |
848,424,216 |
929,039,222 |
| Closing
Arms (TRIN)† |
1.03 |
1.52 |
1.32 |
| Block
trades* |
4,300 |
4,237 |
4,551 |
| Adv.
volume |
1,085,475,340 |
2,199,912,806 |
1,451,071,658 |
| Decl.
volume |
2,756,411,859 |
1,699,090,991 |
2,507,934,695 |
| Total
volume |
3,877,704,657 |
3,952,946,648 |
4,045,483,609 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,731 |
4,749 |
4,712 |
| Advances |
1,138 |
2,601 |
2,336 |
| Declines |
3,386 |
1,898 |
2,127 |
| Unchanged |
207 |
250 |
249 |
| New
highs |
60 |
82 |
88 |
| New
lows |
169 |
130 |
76 |
| Closing
Arms (TRIN)† |
1.21 |
1.12 |
1.38 |
| Block
trades |
28,202 |
31,091 |
35,534 |
| Adv.
volume |
954,020,144 |
2,574,771,619 |
2,157,595,033 |
| Decl.
volume |
3,438,366,213 |
2,099,769,653 |
2,716,501,341 |
| Total
volume |
4,432,654,302 |
4,714,580,550 |
4,925,238,527 |
|
Table 2 QUICKSILVER on ETFS - 2/24/2023 ---
Bullish = 3 -2 IWM, SOXL, CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 328.12 -3.55 338.29 -138.8% Bullish BLUE .15 0 -------
---------------------------------------------------------------------------------------------
COMPQX 11394.94 -195.46 11787.27 -197.9% Bullish RED .145 .059 .204
---------------------------------------------------------------------------------------------
SPY 396.38 -4.28 407.26 -147.7% Bullish BLUE .169 .03 .199
---------------------------------------------------------------------------------------------
QQQ 291.85 -4.97 301.16 -192.2% Bullish BLUE .141 .059 .2
---------------------------------------------------------------------------------------------
MDY 474.59 -2.94 486.42 -129.8% Bullish BLUE .164 .077 .241
---------------------------------------------------------------------------------------------
IWM 187.51 -1.77 193.13 -133.9% Bullish BLUE .195 .074 .269 +++
---------------------------------------------------------------------------------------------
FAS 81.2 -.02 86.51 -321.9% Bullish BLUE .12 .073 .193
---------------------------------------------------------------------------------------------
RETL 8.73 -.52 10.85 -1010.1% Bullish ---- .041 .074 .115
---------------------------------------------------------------------------------------------
SOXL 14.31 -.77 15.5 -659.3% Bullish ---- .142 .139 .281 +++
---------------------------------------------------------------------------------------------
TECL 27.73 -1.57 30.24 -627.6% Bullish RED .139 .035 .174
---------------------------------------------------------------------------------------------
IBB 126.41 -2.59 133.36 -217.3% ------- RED .074 -.02 .054
---------------------------------------------------------------------------------------------
GLD 168.35 -1.22 171.26 -70.4% ------- RED -.126 .053 -.073
---------------------------------------------------------------------------------------------
DBO 14.76 .1 14.72 -78.3% ------- BLUE .153 .058 .211
---------------------------------------------------------------------------------------------
OIH 309.95 6.33 312.48 -282.6% ------- BLUE .022 .134 .156
---------------------------------------------------------------------------------------------
CPER 24.06 -.59 25.06 -189.1% ------- RED .218 .081 .299 +++
---------------------------------------------------------------------------------------------
TAN 72.59 -2.06 75.7 -242.8% ------- RED .031 -.05 -.019
---------------------------------------------------------------------------------------------
UUP 28.49 .21 28.09 67.4% ------- ---- .079 .041 .12
---------------------------------------------------------------------------------------------
CORN 25.65 -.44 26.64 -160.3% Bearish RED -.017 .021 .004
---------------------------------------------------------------------------------------------
WEAT 7.26 -.31 7.78 -345.2% Bearish RED -.085 -.013 -.098
---------------------------------------------------------------------------------------------
YINN 41.69 -4.33 49.69 -1162.8% ------- RED -.03 -.068 -.098
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/24/23
Bullish = 22
Bearish = 24
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
EDU .833 .833 1 1 1 1
HOSPITAL .785 .785 .785 .785 .785 .714
HOMEBLDG .777 .833 .777 .722 .888 .944
GAMING .736 .736 .684 .736 .736 .684
BIGBANKS .714 .714 .571 .571 .857 .857
SEMI .67 .755 .702 .67 .765 .84
-------------------------------------------------------------------------------------------
MILITARY .653 .692 .692 .692 .73 .653
COMPUTER .65 .7 .65 .55 .65 .65
GUNS .642 .642 .714 .714 .785 .785
TRANSP .631 .684 .631 .684 .789 .789
ELECTRON .624 .691 .661 .631 .759 .804
JETS .615 .769 .769 .769 .769 .769
SOFTWARE .607 .714 .696 .66 .732 .75
INFRA .606 .666 .696 .666 .909 .878
CHEM .604 .581 .581 .558 .72 .697
AUTO .566 .641 .622 .622 .773 .773
HACKERS .562 .562 .562 .562 .562 .625
FINANCE .55 .55 .512 .562 .75 .737
HIGHPRIC .549 .653 .623 .627 .74 .727
INDEXES .535 .594 .6 .621 .675 .691
RUS-1000 .534 .588 .573 .581 .694 .703
-----
NIFTY .522 .636 .636 .59 .75 .75
==============================================================================================
COAL .5 .5 .5 .5 .5 .833
GREEN .5 .722 .666 .444 .722 .666
INDMATER .5 .5 .5 .513 .638 .638
==============================================================================================
NASD-100 .48 .57 .63 .62 .71 .7
REGBANKS .48 .44 .4 .4 .44 .44
SP500 .442 .485 .469 .493 .616 .614
-----
INSURANC .44 .48 .6 .64 .68 .72
BEVERAGE .428 .5 .5 .428 .357 .357
COPPER .428 .428 .714 1 1 1
FIDSTKS .426 .491 .485 .485 .591 .609
REIT .415 .515 .438 .484 .676 .738
LOWPRICE .404 .467 .438 .455 .507 .51
ETFS .4 .509 .454 .563 .69 .727
BIOTECH .377 .443 .426 .434 .553 .514
DOWJONES .366 .433 .4 .433 .566 .5
-----
OILGAS .361 .342 .323 .361 .38 .495
RETAIL .34 .425 .425 .446 .638 .595
SP-100 .333 .377 .388 .433 .544 .533
FOOD .306 .367 .367 .387 .489 .387
CHINA .295 .409 .409 .454 .568 .704
COMODITY .282 .333 .358 .358 .512 .384
UTILITY .21 .131 .184 .184 .263 .184
MARIJUAN .2 .2 .2 .2 .2 .2
SOLAR .187 .437 .312 .125 .312 .437
DJI-13 .153 .23 .153 .153 .384 .384
GOLD .108 .086 .108 .13 .26 .195
BONDFUND .103 .126 .126 .137 .31 .321
|
===================================================================================
Friday. 2/24 6:00 AM
PCT Futures:
DJI -250 NASDAQ -120 Data
Used 2-23-2023:
| |
2/23/2023
|
|
| |
Another weak opening is shaping up and
Jamie Dimon is now telling us interest
rates could hit 6% if Inflation does not soon start
falling convincingly. Professionals
are no longer reliable buyers on dips. At least, this
is what we see now that they are
net sellers over the last 10 trading days on our
candle-stick charts below.
Ever since the last Jobs Report came out, FED watchers have
become alarmed
at how far the FED may choose to go in raising rates.
The DJI has been drawn like a magnet since it turned down
above 34000 to retest
32500. The dynamics of a trading range are at
work here. Weak technicals followed
the DJI's turning down. There was the break in the
NYSE A/D Line uptrend and the
appearance of more and more head and shoulders patterns.
See AMG. BAC, BBH, CAT,
CMG, CUT, CVX, JETS, NFLX, NKE, NUE, QCOM, SLB, and SQ.
Short some
these if 32500 is puntured.
32500 is critical support. Take trading profits in NVDA.
Hold only SOXL.
CAT must be considered a long-term Tahiti buy. Wait
to buy more. We need
to see Professionals turn bullish after 32500 has been tested.
With the DJI down 2% from its 21-day ma, Peerless give a Buy B17
today. B17s
in the past have been reliably bullish. See their
tables below. There have been 75
B17s since 1929. Their average gain was +9.3% on the
next sell. Three brought
losses and the typical paper loss was 1.4%. A DJI
decline now to 32500 would
still be in keeping with the average paper loss.
A close below 32500 would be dangerous. It could be
setting up a re-testing
of last year's lows. It could bring a Sell S10,
automatic or judged. Such weakness
would be the result of rising interest rates.
Much of the bullishness of the recent Buys has stemmed from
how typically
the market rises in the third year of the Presidential
4-year cycle. But not if
the FED abruptly raises rates. That was the lesson of
the October massacres
of 1931, 1979 and 1987 (all third years in the cycle.)
It is rare for the FED to
raise rates in these years, but when it does, trouble for
investors quickly follows.
My reading of the bear markets, 1920, 1932, 1966, 1982 and
2009, shows the
FED must turn "accomodating" and provide new
liquidity or lower rates to
bring about a bull market.
|
|
| |
Charts - 2/23/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90222.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-23-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-23-2023/BEARISH.htm |
|
PEERLESS B17 SIGNALS: 12/7/1928 - 11/3/2022
Date Signal DJI Gain Paper Loss
---------------------------------------------------------------------------
19281210 B17 263.9 .185 none 0
19291223 B17 232.7 .074 perfect 0
19301024 B17 195.1 -.043 171.6 -.1204 (big) 11/10
19310313 B17 178.9 .049 none -.007
19310716 B17 141.9 -.001 134.1 -.0549 (big) 8/5
19380126 B17 123.2 .051 118.5 -.0381 2/3
19380525 B17 110.6 .307 107.9 -.0244 5/27
19380815 B17 136.5 .048 perfect 0
19390629 B17 130.1 .184 none 0
19390810 B17 137.3 .122 131.3 -.0436 8/24
19411212 B17 110.6 .006 106.3 -.0388 12/23
19470114 B17 172.6 .064 172.0 -.0034 1/16
19480316 B17 165.4 .168 perfect 0
19481108 B17 178.2 .011 171.2 -.0392 11/30
19481117 B17 176.1 .023 171.2 -.0278 11/30
19490606 B17 165.2 .335 161.6 -.0217 6/13
19511029 B17 260.4 .053 257.00 -.013 11/23
19551011 B17 438.6 .183 none 0
19590909 B17 637.6 .053 618.2 -.0304 9/21
19590917 B17 629.0 .066 618.2 -.019 9/21
19600303 B17 612.0 .021 607.1 -.008 3/9
19671113 B17 859.74 .057 none 0
19670729 B17 801.96 .046 none 0
19680304 B17 830.56 .111 825.13 -.0065 3/21
19680321 B17 825.13 .118 perfect 0
19690225 B17 899.8 .056 perfect 0
19690729 B17 801.96 .046 perfect 0
19711126 B17 816.59 .175 none 0
19730321 B17 938.37 .031 922.71 -.0166 3/23
19730813 B17 883.20 .028 851.90 -.0354 8/22
19761008 B17 952.38 .034 924.04 -.0297 11/10
19770209 B17 933.84 .033 931.52 -.0024 2/11
19770525 B17 903.24 .033 898.83 -.0048 5/27
19790207 B17 816.01 .073 807 -.011 2/7
19790515 B17 825.88 .082 821.21 -.0056 6/1
19791114 B17 816.55 .06 807.42 -.012 11/21
19801209 B17 934.04 .048 908.45 -.0273 12/11
19810202 B17 932.25 .079 931.57 -.0007 2/13
19820222 B17 811.26 .027 795.47 -.0194 3/8
19840307 B17 1143.63 .036 1139.76 -.0033 3/9
19860714 B17 1793.45 .023 1769.97 -.013 8/4
19861119 B17 1826.63 .317 none 0
19870519 B17 2221.28 .059 2215.87 -.0024 5/20
19870904 B17 2561.38 .03 2545.12 -.0062 9/8
19880121 B17 1879.31 .077 none 0
19880325 B17 1978.95 .056 1978.12 -.0004 3/30
19881111 B17 2065.97 .124 2038.58 -.0132 11/16
19891026 B17 2613.73 .075 2582.17 -.012 11/6
19900129 B17 2553.38 .163 2543.24 -.0039 1/30
19900925 B17 2485.64 .218 2365.1 -.0484 10/11
19901010 B17 2407.92 .257 2365.1 -.0177 10/11
19921007 B17 3152.25 .118 3136.58 -.0049 10/9
19930922 B17 3547.02 .119 none 0
19960717 B17 5376.88 .057 5346.55 -.0056 7/23
19961212 B17 6303.71 .088 6268.35 -.0056 12/16
19970401 B17 6611.05 .034 6391.69 -.0331 4/11
19971027 B17 7161.15 .283 none 0
19981214 B17 8695.6 .262 none 0
19990527 B17 10466.92 .048 none 0
20000309 B17 10010.73 .111 9811.24 -.0199 3/14
20011031 B17 9075.14 .115 none 0
20030311 B17 7524.06 .303 none 0
20081205 B17 8635.42 .037 8419.49 -.025 12/23
20100122 B17 10172.98 .083 9908.39 -.026 2/8
20100209 B17 10058.64 .095 none 0
20100819 B17 10271.21 .247 9985.81 -.0277 8/26
20110608 B17 12048.94 .03 11897.2 -.0125 6/15
20120601 B17 12118.57 .087 12101.4 -.0014 6/4
20150310 B17 17662.94 .037 17635.3 -.0015 3/11
20150902 B17 16351.38 .084 16001.8 -.0213 9/28
20160122 B17 16093.51 -.013 15885.2 -.0129 1/25
20160211 B17 16093.51 .156 perfect 0
20190513 B17 25324.99 .029 24819.78 -.0197 6/3
20210301 B17 31535.31 .044 30924.14 -.019 3/4
20220301 B17 33294.95 .044 32817.38 -.014 3/7
--------------------------------------------------------------------------------
N= 75 Avg.Gain= .093 Avg.Paper Loss= -.014
Only three of the 75 B17 signals, brought a loss. 25 led to a DJI gain of more than
9% when reversed on the next Peerless Sell. Eight brought paper losses of more
than 3%. There has not been a loss of more than 3% since 1997.
There have been 16 B17s since the year 2000. Only one lost a little when
finally close out. There were seven cases since 1999 of gains of more than 10%. ------------------------
|
 |
 |
 |
 |
 |
 |
 |
Table 3 - Daily Breadth andVolume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,166 |
3,155 |
3,174 |
| Advances |
2,023 |
1,673 |
800 |
| Declines |
1,027 |
1,374 |
2,264 |
| Unchanged |
116 |
108 |
110 |
| New
highs |
57 |
32 |
80 |
| New
lows |
28 |
34 |
15 |
| Adv.
volume* |
491,042,039 |
451,243,655 |
217,896,100 |
| Decl.
volume* |
347,961,432 |
451,766,849 |
627,499,312 |
| Total
volume* |
848,424,216 |
912,520,292 |
858,027,332 |
| Closing
Arms (TRIN)† |
1.52 |
1.08 |
0.89 |
| Block
trades* |
4,237 |
4,263 |
4,286 |
| Adv.
volume |
2,199,912,806 |
2,141,010,353 |
1,156,162,770 |
| Decl.
volume |
1,699,090,991 |
1,891,970,859 |
2,903,611,066 |
| Total
volume |
3,952,946,648 |
4,079,327,971 |
4,143,662,176 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,749 |
4,752 |
4,807 |
| Advances |
2,601 |
2,164 |
1,521 |
| Declines |
1,898 |
2,348 |
3,045 |
| Unchanged |
250 |
240 |
241 |
| New
highs |
82 |
46 |
96 |
| New
lows |
130 |
122 |
67 |
| Closing
Arms (TRIN)† |
1.12 |
0.79 |
1.28 |
| Block
trades |
31,091 |
29,524 |
34,544 |
| Adv.
volume |
2,574,771,619 |
2,493,299,353 |
1,437,678,055 |
| Decl.
volume |
2,099,769,653 |
2,136,847,412 |
3,684,986,926 |
| Total
volume |
4,714,580,550 |
4,671,277,624 |
5,159,416,186 |
|
Table 2 QUICKSILVER on ETFS - 2/23/2023 ---
Bullish = 5 IWM, FAS , TECL SOXL, CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 331.67 1.15 337.39 -148.7% Bullish RED .186 0 ---
---------------------------------------------------------------------------------------------
COMPQX 11590.4 83.33 11855.83 -204.5% Bullish RED .178 .064 .242
---------------------------------------------------------------------------------------------
SPY 400.66 2.12 408.28 -164.3% Bullish RED .182 .03 .212
---------------------------------------------------------------------------------------------
QQQ 296.82 2.57 303.3 -204.4% Bullish RED .163 .063 .226
---------------------------------------------------------------------------------------------
MDY 477.53 2.29 487.06 -135.3% Bullish RED .159 .07 .229
---------------------------------------------------------------------------------------------
IWM 189.28 1.34 192.6 -135.5% Bullish RED .198 .071 .269
---------------------------------------------------------------------------------------------
FAS 81.22 .48 86.56 -487.5% Bullish RED .176 .086 .262
---------------------------------------------------------------------------------------------
RETL 9.25 -.16 10.73 -980.2% Bullish RED .05 .125 .175
---------------------------------------------------------------------------------------------
SOXL 15.08 1.25 16.28 -797% Bullish RED .174 .235 .409
---------------------------------------------------------------------------------------------
TECL 29.3 1.36 31.42 -641.3% Bullish RED .173 .134 .307
---------------------------------------------------------------------------------------------
IBB 129 -.4 132.09 -181.2% Bullish RED .14 -.019 .121
---------------------------------------------------------------------------------------------
GLD 169.57 -.09 170.75 -38.7% ------- RED -.049 .026 -.023
---------------------------------------------------------------------------------------------
DBO 14.66 .28 14.99 -162.3% ------- BLUE .117 .046 .163
---------------------------------------------------------------------------------------------
OIH 303.62 5.87 327.45 -358.4% ------- RED .031 .132 .163
---------------------------------------------------------------------------------------------
CPER 24.65 -.67 25.01 25.9% ------- RED .289 .072 .361
---------------------------------------------------------------------------------------------
TAN 74.65 .56 76.23 -289.5% ------- RED .102 -.039 .063
---------------------------------------------------------------------------------------------
UUP 28.28 .01 28.11 37.3% ------- ---- .018 .008 .026
---------------------------------------------------------------------------------------------
CORN 26.09 -.45 26.5 -82.7% ------- RED .014 .025 .039
---------------------------------------------------------------------------------------------
WEAT 7.57 0 7.79 -161.8% Bullish ---- -.042 .027 -.015
---------------------------------------------------------------------------------------------
YINN 46.02 -.76 53.01 -679.5% ------- RED .022 -.036 -.014
|
Table 2 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/23/23
Bullish = 26
Bearish = 20
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
EDU .833 1 1 1 1 1
HOMEBLDG .833 .777 .722 .888 .944 .888
HOSPITAL .785 .785 .785 .785 .714 .714
JETS .769 .769 .769 .769 .769 .769
SEMI .755 .702 .67 .765 .819 .851
=====
GAMING .736 .684 .684 .789 .684 .789
GREEN .722 .666 .444 .722 .666 .722
BIGBANKS .714 .571 .571 .857 .857 .857
SOFTWARE .714 .714 .66 .732 .767 .785
COMPUTER .7 .65 .55 .65 .65 .65
MILITARY .692 .692 .692 .73 .653 .73
ELECTRON .691 .661 .631 .759 .789 .819
TRANSP .684 .631 .684 .789 .789 .842
INFRA .666 .696 .666 .909 .878 .878
HIGHPRIC .653 .623 .627 .74 .731 .779
GUNS .642 .714 .714 .785 .785 .714
AUTO .641 .641 .622 .773 .773 .754
NIFTY .636 .636 .59 .75 .75 .84
INDEXES .594 .6 .621 .675 .681 .718
RUS-1000 .588 .573 .581 .694 .705 .755
------
CHEM .581 .581 .558 .72 .72 .744
NASD-100 .57 .63 .62 .71 .7 .78
------
HACKERS .562 .562 .562 .562 .625 .625
FINANCE .55 .512 .562 .737 .737 .737
REIT .515 .43 .492 .684 .723 .792
ETFS .509 .454 .563 .69 .763 .763
==================================================================================================
BEVERAGE .5 .5 .428 .357 .357 .571
COAL .5 .5 .5 .5 .833 .833
INDMATER .5 .5 .513 .638 .652 .666
=================================================================================================
FIDSTKS .491 .485 .485 .591 .615 .656
SP500 .485 .469 .495 .612 .62 .686
=====
INSURANC .48 .6 .64 .68 .68 .68
LOWPRICE .467 .441 .458 .507 .504 .541
BIOTECH .443 .423 .437 .553 .508 .539
REGBANKS .44 .4 .4 .44 .44 .52
SOLAR .437 .312 .125 .312 .437 .562
DOWJONES .433 .4 .433 .566 .5 .533
=====
COPPER .428 .714 1 1 1 1
RETAIL .425 .425 .446 .638 .595 .723
CHINA .409 .409 .454 .568 .727 .75
SP-100 .377 .388 .433 .544 .533 .566
FOOD .367 .367 .367 .489 .428 .53
OILGAS .342 .323 .361 .38 .476 .542
COMODITY .333 .358 .333 .512 .435 .512
DJI-13 .23 .153 .153 .384 .384 .307
MARIJUAN .2 .2 .2 .2 .2 .2
UTILITY .131 .184 .184 .263 .184 .184
BONDFUND .126 .126 .137 .31 .356 .689
GOLD .086 .108 .13 .26 .239 .26
|
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
Thursday. 2/23 6:12 AM PCT
Futures: DJI +120 NASDAQ +100 Data
Used 2-22-2023:
| |
2-22-2023:
|
|
| |
The 2007
version of Peerless gave a reliable Buy B8 based on the A/D Line failure
to confirms the DJI's new low
and the P-Indicator. But it also warns us to expect
overhead resistance if the
DJI has recently broken below well-defined support. That
tells us the next rally will
have a hard time getting past 33750, especially if up-volume
does not improve markedly.
Today we did get optimized
red short-term Buys on SPY which will be trying to turn up
from its rising 65-dma.
Look for SOXL (semi-condictors, 3x ETF) to try go back to its
recent highs near 19.
Buy SOXL. NVDA's earnings are good and are causing it to be
up 5% at this time.
SOXL has also just given a new red Buy. I would prefer to buy
SOXL. More than 70% of
our list of semi-conductors are still above their
65-dma, but less than 50% of
SPY's are.
The DJI has a number of weak
components. See below. Only 40% of its components
are above its 65-dma. I
would not buy it until it satisfactorily tests 32500. The high
Accumulation Index with the
DJI is a positive, but in half of the 4 previous cases of the
DJI's IP21 being above .13
and it being DJI 2.8% below the lower band, despite the
positive IP21, it falls
substantially more. (See 1946 and 2002).
Instead of the Day Traders' Tool,
I want to show divergences between Opening
and CLosing Power on our new initial TigerSoft chart.
We have been testing our Day
Traders' tool for the last week or so. See the SPY
book. It is a helpful
short-term tool, especially for day traders. But I think more
useful are comparisions of
the trends for a stock or ETF of the Opening and Closing
Powers. We will try to
add these to the bottom of our primary TigerSOft chart below
Relative Strength and
OBV. See below how bearish it is when the Opening Power
is rising and the Closing
Power is falling. See UNH below and some of the Bearish
MINCPs tonight. A
new way to find these bearish divergences will have to be
programmed and the results
added to the Bearish MINCPs. |
|
| |
Charts - 2/22/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90222.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-22-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-22-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,155 |
3,174 |
3,194 |
| Advances |
1,673 |
384 |
1,780 |
| Declines |
1,374 |
2,721 |
1,297 |
| Unchanged |
108 |
69 |
117 |
| New
highs |
32 |
38 |
83 |
| New
lows |
34 |
29 |
7 |
| Adv.
volume* |
451,243,655 |
116,316,598 |
516,972,109 |
| Decl.
volume* |
451,766,849 |
842,793,461 |
304,805,423 |
| Total
volume* |
912,520,292 |
966,100,118 |
831,716,755 |
| Closing
Arms (TRIN)† |
1.08 |
0.86 |
0.73 |
| Block
trades* |
4,263 |
4,583 |
4,473 |
| Adv.
volume |
2,141,010,353 |
574,942,182 |
2,625,091,245 |
| Decl.
volume |
1,891,970,859 |
3,509,647,483 |
1,404,290,655 |
| Total
volume |
4,079,327,971 |
4,121,592,279 |
4,075,983,812 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,752 |
4,762 |
4,797 |
| Advances |
2,164 |
880 |
2,870 |
| Declines |
2,348 |
3,715 |
1,676 |
| Unchanged |
240 |
167 |
251 |
| New
highs |
46 |
50 |
91 |
| New
lows |
122 |
130 |
63 |
| Closing
Arms (TRIN)† |
0.79 |
0.92 |
0.87 |
| Block
trades |
29,524 |
33,582 |
33,599 |
| Adv.
volume |
2,493,299,353 |
1,018,990,912 |
3,333,606,989 |
| Decl.
volume |
2,136,847,412 |
3,947,653,121 |
1,694,530,007 |
| Total
volume |
4,671,277,624 |
5,002,540,609 |
5,056,647,624 |
|
Table 2 QUICKSILVER on ETFS - 2/22/2023 ---
Bullish = 4 -3 FAS , TECL SOXL, CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 330.52 -.73 341.66 -157.1% Bullish RED .179 0 --------
---------------------------------------------------------------------------------------------
COMPQX 11507.07 14.77 12070.59 -191.4% Bullish RED .158 .062 .22
---------------------------------------------------------------------------------------------
SPY 398.54 -.55 413.98 -172.7% Bullish RED .174 .029 .203
---------------------------------------------------------------------------------------------
QQQ 294.25 .22 309.1 -206.4% Bullish RED .14 .06 .2
---------------------------------------------------------------------------------------------
MDY 475.24 .59 490.59 -124.8% Bullish BLUE .149 .065 .214
---------------------------------------------------------------------------------------------
IWM 187.94 .51 194.46 -119% Bullish BLUE .182 .063 .245
---------------------------------------------------------------------------------------------
FAS 80.74 -.54 89.5 -481% Bullish RED .194 .083 .277
---------------------------------------------------------------------------------------------
RETL 9.41 .15 11.27 -518% Bullish BLUE .023 .1 .123
---------------------------------------------------------------------------------------------
SOXL 13.83 -.18 17.54 -1084.8% Bullish RED .143 .119 .262
---------------------------------------------------------------------------------------------
TECL 27.94 -.15 33.17 -756.9% Bullish RED .158 .073 .231
---------------------------------------------------------------------------------------------
IBB 129.4 -.24 133.77 -164.9% Bullish RED .155 -.024 .131
---------------------------------------------------------------------------------------------
GLD 169.66 -.96 170.89 -86.1% ------- RED -.01 .043 .033
---------------------------------------------------------------------------------------------
DBO 14.38 -.31 15.14 -271% ------- RED .059 .043 .102
---------------------------------------------------------------------------------------------
OIH 297.75 -8.82 326.13 -514.1% Bullish RED .073 .074 .147
---------------------------------------------------------------------------------------------
CPER 25.32 -.23 24.52 84% Bullish ---- .349 .104 .453
---------------------------------------------------------------------------------------------
TAN 74.09 0 79.04 -159.9% ------- BLUE .103 -.04 .063
---------------------------------------------------------------------------------------------
UUP 28.27 .09 28.07 69.5% ------- BLUE .016 .022 .038
---------------------------------------------------------------------------------------------
CORN 26.54 -.25 26.53 -31.9% Bullish ---- .096 .057 .153
---------------------------------------------------------------------------------------------
WEAT 7.57 -.1 7.82 -256.2% ------- RED .007 .025 .032
---------------------------------------------------------------------------------------------
YINN 46.78 -1.1 52.82 -723.9% ------- RED .071 -.022 .049
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/22/23
Bullish = 26
Bearish = 20
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
EDU 1 1 1 1 1 1
HOSPITAL .785 .785 .785 .714 .642 .571
HOMEBLDG .777 .722 .888 .944 .888 .888
JETS .769 .769 .769 .769 .846 .846
COPPER .714 1 1 1 1 .857
GUNS .714 .714 .785 .785 .714 .642
SOFTWARE .714 .678 .732 .767 .785 .75
SEMI .702 .67 .765 .819 .851 .861
=====
INFRA .696 .666 .909 .878 .878 .878
MILITARY .692 .692 .73 .653 .73 .692
GAMING .684 .684 .736 .736 .736 .736
GREEN .666 .444 .722 .666 .722 .722
ELECTRON .654 .624 .751 .781 .812 .804
COMPUTER .65 .55 .65 .65 .65 .55
AUTO .641 .641 .773 .773 .754 .754
NIFTY .636 .59 .75 .75 .84 .795
TRANSP .631 .684 .789 .789 .842 .789
NASD-100 .63 .62 .71 .7 .78 .73
=====
HIGHPRIC .623 .627 .74 .731 .779 .766
INDEXES .6 .621 .675 .681 .713 .718
INSURANC .6 .64 .68 .68 .68 .72
CHEM .581 .558 .72 .72 .744 .72
RUS-1000 .573 .581 .694 .705 .753 .735
=====
BIGBANKS .571 .571 .857 .857 .857 .857
HACKERS .562 .562 .562 .625 .625 .625
FINANCE .512 .562 .737 .725 .737 .762
==============================================================================================
BEVERAGE .5 .428 .357 .357 .571 .428
COAL .5 .5 .5 .833 .833 .5
INDMATER .5 .513 .638 .652 .68 .638
=============================================================================================
FIDSTKS .485 .485 .591 .615 .656 .644
SP500 .469 .495 .614 .616 .688 .676
=====
ETFS .454 .563 .69 .763 .781 .781
LOWPRICE .441 .461 .51 .504 .541 .538
REIT .43 .484 .692 .73 .776 .784
RETAIL .425 .446 .638 .595 .702 .638
BIOTECH .423 .434 .556 .508 .531 .536
CHINA .409 .454 .568 .727 .772 .704
DOWJONES .4 .433 .566 .5 .533 .533
=====
REGBANKS .4 .4 .44 .44 .52 .48
SP-100 .388 .433 .544 .533 .566 .622
FOOD .367 .367 .469 .428 .53 .632
COMODITY .358 .333 .487 .435 .512 .589
OILGAS .323 .361 .38 .476 .542 .628
SOLAR .312 .125 .312 .437 .562 .437
MARIJUAN .2 .2 .2 .2 .2 .2
UTILITY .184 .184 .263 .184 .184 .131
DJI-13 .153 .153 .384 .384 .307 .307
BONDFUND .126 .137 .31 .356 .712 .77
GOLD .108 .13 .26 .239 .26 .347
|
===================================================================================
Wed. 2/22 6:02 AM PCT Futures: DJI +56 NASDAQ +34 Data Used
2-21-2023:
| |
2-21-2023:
|
|
| |
The DJI finally broke
down below the 33550 support that it has repeatedly
tested recently. That will
very likely be the new resistance if there is a recovery.
The DJI broke below its 65-dma today.
Breadth was bad; there were 2721 decliners
on the NYSE. Just 53% of all
stocks and ETFs are now above their 65-dma. The
reason for the extreme weakness is said
to be traders' fear that a growing number
of voting FOMC members are eager to hike
interest rates to 5%, but perhaps
much higher. The FOMC's minutes are
expected to also show a growing number
of FOMC members are willing to raise
rates by 1/2% or even 3/4% in February.
Both dividend and growth tech stocks were
hit by more than 2%
today. There may be no escape-group
if rates soar beyond 5%. If you go
through our charts, you will see those
with head/shoulders patterns to frighten
traders fared the worse.
That we may actually see an up-opening
today is short-term auspicious.
But I'm not sure Professionals are ready
to turn the market back up by much.
It would seem safer to wait for a decline
to the lower 3.5% band before
buying.
The break in the A/D Line uptrend has
been a key warning of impending weakeness
for some time, certainly ever since the
Jobs market report of the first Friday
was so positive. But we have been
concerned by the weak OBV Lines for
the SPY, OEX and NYSE, too. Without
volume to eat up the overhead supply
of stock, a breakout up from the recent
trading range seemed less likely than
a breakdown. That the DJI's price
range was so narrow and had so many reversals
gave us a way to reckon that the lower
band would have to be tested.
The DJI is now 2.2% below the 21-day ma.
A decline to the lower 3.5%
now seems likely. But note how
positive the Accumulation Index still is. That
means the lower band should find good
support. It is at that point, we will resume
buying a major market ETF, probably SPY.
|
|
| |
Charts - 2/21/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90221.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-21-2023/Bullish.htm
Bearish MINCPs
www.tigersoftware.com/Downing/2-21-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
Table 1 - Daily Breadth
and Volume Statistics.
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,174 |
3,155 |
3,196 |
| Advances |
384 |
1,309 |
1,483 |
| Declines |
2,721 |
1,713 |
1,574 |
| Unchanged |
69 |
133 |
139 |
| New
highs |
38 |
61 |
102 |
| New
lows |
29 |
10 |
12 |
| Adv.
volume* |
116,316,598 |
370,439,463 |
406,667,738 |
| Decl.
volume* |
842,793,461 |
543,469,907 |
408,752,011 |
| Total
volume* |
966,100,118 |
929,039,222 |
833,908,294 |
| Closing
Arms (TRIN)† |
0.86 |
1.32 |
0.81 |
| Block
trades* |
4,583 |
4,551 |
4,124 |
| Adv.
volume |
574,942,182 |
1,451,071,658 |
2,060,295,306 |
| Decl.
volume |
3,509,647,483 |
2,507,934,695 |
1,771,869,612 |
| Total
volume |
4,121,592,279 |
4,045,483,609 |
3,929,202,033 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,762 |
4,712 |
4,752 |
| Advances |
880 |
2,336 |
2,109 |
| Declines |
3,715 |
2,127 |
2,409 |
| Unchanged |
167 |
249 |
234 |
| New
highs |
50 |
88 |
86 |
| New
lows |
130 |
76 |
83 |
| Closing
Arms (TRIN)† |
0.92 |
1.38 |
0.64 |
| Block
trades |
33,582 |
35,534 |
31,940 |
| Adv.
volume |
1,018,990,912 |
2,157,595,033 |
2,858,962,187 |
| Decl.
volume |
3,947,653,121 |
2,716,501,341 |
2,097,172,205 |
| Total
volume |
5,002,540,609 |
4,925,238,527 |
5,032,435,049 |
|
Table 2 QUICKSILVER on ETFS - 2/21/2023 ---
Bullish = 8 -4 COMPQX, MDY, IWM, FAS , TECL
SOXL, TEXL, CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 331.25 -7.04 341.14 -166.1% Bullish RED .205 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11492.3 -294.97 11960.15 -167.7% Bullish RED .197 .064 .261
---------------------------------------------------------------------------------------------
SPY 399.09 -8.17 412.64 -167.2% Bullish RED .209 .031 .24
---------------------------------------------------------------------------------------------
QQQ 294.03 -7.13 306.75 -171.7% Bullish RED .176 .064 .24
---------------------------------------------------------------------------------------------
MDY 474.65 -11.77 487.35 -127.7% Bullish RED .224 .064 .288
---------------------------------------------------------------------------------------------
IWM 187.43 -5.7 192.51 -133.9% Bullish RED .21 .059 .269
---------------------------------------------------------------------------------------------
FAS 81.28 -5.23 89.07 -516.3% Bullish RED .218 .087 .305
---------------------------------------------------------------------------------------------
RETL 9.26 -1.59 10.5 -593.8% ------- RED .072 .096 .168
---------------------------------------------------------------------------------------------
SOXL 14.01 -1.49 17.33 -725.3% ------- RED .202 .213 .415
---------------------------------------------------------------------------------------------
TECL 28.09 -2.15 32.65 -664.8% Bullish RED .195 .121 .316
---------------------------------------------------------------------------------------------
IBB 129.64 -3.72 133.77 -170.1% Bullish RED .199 -.018 .181
---------------------------------------------------------------------------------------------
GLD 170.62 -.64 172.61 -54.2% ------- RED .056 .041 .097
---------------------------------------------------------------------------------------------
DBO 14.69 -.03 15.19 -159.6% ------- RED .04 .043 .083
---------------------------------------------------------------------------------------------
OIH 306.57 -5.91 330.72 -381.9% Bullish RED .093 .101 .194
---------------------------------------------------------------------------------------------
CPER 25.55 .49 24.9 167.1% Bullish ---- .377 .114 .491
---------------------------------------------------------------------------------------------
TAN 74.09 -1.61 76.53 -194.4% ------- RED .109 -.04 .069
---------------------------------------------------------------------------------------------
UUP 28.18 .09 27.88 50% ------- ---- -.007 .008 .001
---------------------------------------------------------------------------------------------
CORN 26.79 .15 26.71 3.8% Bullish BLUE .111 .057 .168
---------------------------------------------------------------------------------------------
WEAT 7.67 -.11 7.97 -203.3% ------- RED -.013 .027 .014
---------------------------------------------------------------------------------------------
YINN 47.88 -1.81 54.24 -749.2% Bearish RED .091 .086 .177
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/21/23
Bullish = 27
Bearish = 21
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 .857 .857
EDU 1 1 1 1 1 1
HOSPITAL .785 .785 .714 .642 .571 .571
JETS .769 .769 .769 .846 .846 .846
HOMEBLDG .722 .888 .944 .888 .888 .944
GUNS .714 .785 .785 .714 .642 .785
MILITARY .692 .73 .653 .73 .692 .73
GAMING .684 .736 .684 .789 .736 .736
TRANSP .684 .789 .789 .842 .789 .842
SOFTWARE .678 .75 .767 .785 .75 .767
SEMI .67 .765 .819 .851 .851 .84
----
INFRA .666 .909 .878 .878 .878 .848
AUTO .641 .792 .773 .754 .735 .792
INSURANC .64 .68 .68 .68 .72 .92
HIGHPRIC .627 .74 .731 .779 .761 .783
ELECTRON .624 .751 .781 .812 .796 .804
INDEXES .621 .675 .681 .713 .708 .724
NASD-100 .62 .71 .7 .78 .72 .75
-----
NIFTY .59 .75 .75 .84 .772 .772
RUS-1000 .581 .694 .705 .753 .732 .745
-----
BIGBANKS .571 .857 .857 .857 .857 .857
ETFS .563 .69 .763 .781 .8 .818
FINANCE .562 .737 .725 .725 .75 .762
HACKERS .562 .562 .625 .625 .625 .625
CHEM .558 .72 .72 .744 .72 .72
COMPUTER .55 .65 .65 .65 .6 .65
INDMATER .513 .638 .652 .68 .652 .638
===============================================================================================
COAL .5 .5 .833 .833 .5 .333
===============================================================================================
SP500 .495 .614 .618 .684 .672 .698
-----
FIDSTKS .485 .591 .615 .656 .639 .668
REIT .484 .684 .738 .784 .776 .853
LOWPRICE .461 .512 .507 .541 .538 .535
CHINA .454 .568 .727 .772 .704 .772
RETAIL .446 .638 .595 .702 .638 .659
GREEN .444 .722 .666 .722 .722 .666
BIOTECH .434 .553 .511 .531 .534 .568
DOWJONES .433 .566 .5 .533 .5 .566
-----
SP-100 .433 .544 .533 .566 .6 .611
BEVERAGE .428 .357 .357 .571 .428 .428
REGBANKS .4 .44 .44 .52 .48 .48
FOOD .367 .469 .408 .53 .632 .591
OILGAS .361 .38 .476 .542 .6 .58
COMODITY .333 .487 .41 .512 .589 .538
MARIJUAN .2 .2 .2 .2 .2 .2
UTILITY .184 .263 .184 .184 .131 .21
DJI-13 .153 .384 .384 .307 .307 .461
BONDFUND .137 .31 .356 .712 .793 .793
GOLD .13 .26 .239 .26 .347 .304
SOLAR .125 .312 .437 .562 .437 .5
|
====================================================================================
Tues
2/21 6:00AM PCT Futures: DJI -280 NASDAQ -118
Data Used 2-17-2023:
| |
2/17/2023
|
|
| |
Peerless, the
rising Closing Powers and seasonality tell us to expect any decline
now to be contained by the DJI's
lower band and 32500. Over and over, when
one goes back and looks at the
Opening and Closing Power trends and compares
their slope when they diverge, one
sees the Professionals' Closing Power win the
"tug of war". But
there are two cases, shown below, one in 2011 and one in 2019,
when the SPY fell 10% and 5% in the
direction called by the falling Opening Power.
That could happen here, especially
if FOMC members start talking more about 3/4%
rate hikes or Putin tries to scare
the West with atomic sabre-rattling.
If the Closing Powers' uptrends in
the ETFs and stocks below break their uptrends,
it will look like the two bearish
scenario will play out and the DJI will have to fall to
its lower band. That will
probably drop NVDA another 10% and may cause CAT to
break its neckline support..
But let's see if Professionals, as represented by what happens
after the opening, step up and
support the market. From our very positive Accumulation
readings, I would have to expect
the lower band to hold. But a test of the lower band,
which we have been warning about,
does seem to lie ahead given the break in the
A/D Line.
Take a look at the new book I am
working on for trading SPY using Peerless
and Tiger. It shows the
power of Peerless and our Closing Power, as well
as head/shoulder tops and
flat-topped breakouts. It shows that declines to
the lower band with the
Accumulation Index very positive, like now, are reliably
bullish at that point. And it
shows that rising Day Traders' Tool trends usually
mean higher prices short-term.
But it also shows that this Indicator is best used
by day-traders. It has a
downward-sloping bias that makes it far too cautious
if our other indicators and signals
are bullish. Another onservation emerges from
the book, namely that Closing Power
trend-breaks after a CP non-firmation are
reliably bearish. The reverse
is bullish, but is uncommon. The pink warning
down-arrows warn us when the
Closing Power is weaken that prices, but that
by itself does not constitute a
Sell. A breakout from a flat-top trumps short-term
divergences. But be alert for
false breakouts in these cases. |
|
| |
Charts - 2/17/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90217.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-17-2023/Bullish.htm
Bearish MINCPs
www.tigersoftware.com/Downing/2-17-2023/BEARISH.htm |
|
 |
 |
2 cases when Opening Power wins their battle with Closing Power:
10% SOY decline in mid 2011 and 5% decline in 2019
 |
Current SPY, QQQ, etc.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth
and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,155 |
3,174 |
3,185 |
| Advances |
1,309 |
800 |
1,611 |
| Declines |
1,713 |
2,264 |
1,460 |
| Unchanged |
133 |
110 |
114 |
| New
highs |
61 |
80 |
42 |
| New
lows |
10 |
15 |
15 |
| Adv.
volume* |
370,439,463 |
217,896,100 |
463,218,833 |
| Decl.
volume* |
543,469,907 |
627,499,312 |
382,886,488 |
| Total
volume* |
929,039,222 |
858,027,332 |
854,346,415 |
| Closing
Arms (TRIN)† |
1.32 |
0.89 |
1.10 |
| Block
trades* |
4,551 |
4,286 |
4,556 |
| Adv.
volume |
1,451,071,658 |
1,156,162,770 |
1,933,410,992 |
| Decl.
volume |
2,507,934,695 |
2,903,611,066 |
1,921,136,685 |
| Total
volume |
4,045,483,609 |
4,143,662,176 |
3,891,524,118 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,712 |
4,807 |
4,773 |
| Advances |
2,336 |
1,521 |
1,918 |
| Declines |
2,127 |
3,045 |
2,584 |
| Unchanged |
249 |
241 |
271 |
| New
highs |
88 |
96 |
61 |
| New
lows |
76 |
67 |
82 |
| Closing
Arms (TRIN)† |
1.38 |
1.28 |
1.17 |
| Block
trades |
35,534 |
34,544 |
31,007 |
| Adv.
volume |
2,157,595,033 |
1,437,678,055 |
1,864,212,577 |
| Decl.
volume |
2,716,501,341 |
3,684,986,926 |
2,936,247,513 |
| Total
volume |
4,925,238,527 |
5,159,416,186 |
4,885,033,078 |
|
Table 2 - QUICKSILVER on ETFS - 2/17/2023
--- Bullish = 12 COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, TECL
SOXL (highest - +.586)
TEXL, IBB, CPER
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 338.29 .9 342.55 -6.5% Bullish BLUE .289 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11787.27 -68.56 11891.79 29.1% Bullish BLUE .286 .065 .351
---------------------------------------------------------------------------------------------
SPY 407.26 -1.02 412.83 -9.5% Bullish BLUE .304 .029 .333
---------------------------------------------------------------------------------------------
QQQ 301.16 -2.14 304.5 24% Bullish BLUE .258 .064 .322
---------------------------------------------------------------------------------------------
MDY 486.42 -.64 487.11 52.4% Bullish BLUE .282 .068 .35
---------------------------------------------------------------------------------------------
IWM 193.13 .53 192.6 73.2% Bullish BLUE .33 .067 .397
---------------------------------------------------------------------------------------------
FAS 86.51 -.05 90.41 -60.9% Bullish BLUE .299 .118 .417
---------------------------------------------------------------------------------------------
RETL 10.85 .12 10.54 458.2% ------- BLUE .169 .259 .428
---------------------------------------------------------------------------------------------
SOXL 15.5 -.78 16.42 -90% ------- RED .269 .317 .586
---------------------------------------------------------------------------------------------
TECL 30.24 -1.18 32.34 -79.5% Bullish RED .259 .167 .426
---------------------------------------------------------------------------------------------
IBB 133.36 1.27 134.18 37.5% Bullish BLUE .276 -.005 .271
---------------------------------------------------------------------------------------------
GLD 171.26 .51 172.48 -61% ------- BLUE .083 .034 .117
---------------------------------------------------------------------------------------------
DBO 14.72 -.27 15.17 -174.9% ------- BLUE .09 .001 .091
---------------------------------------------------------------------------------------------
OIH 312.48 -14.97 331.44 -254.7% Bullish RED .148 .072 .22
---------------------------------------------------------------------------------------------
CPER 25.06 .05 24.72 129.5% Bullish BLUE .415 .081 .496
---------------------------------------------------------------------------------------------
TAN 75.7 -.53 77.08 -11.7% ------- BLUE .17 -.048 .122
---------------------------------------------------------------------------------------------
UUP 28.09 -.02 27.9 19.7% Bearish RED -.066 -.019 -.085
---------------------------------------------------------------------------------------------
CORN 26.64 .14 26.77 -3.8% ------- ---- -.035 .037 .002
---------------------------------------------------------------------------------------------
WEAT 7.78 -.01 7.99 -139% Bullish ---- .055 .044 .099
---------------------------------------------------------------------------------------------
YINN 49.69 -3.32 55.84 -323.3% Bullish RED .181 .035 .216
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/17/23
Bullish = 37
Bearish = 11
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 .857 .857 .857
EDU 1 1 1 1 1 1
INFRA .909 .878 .878 .878 .848 .848
HOMEBLDG .888 .944 .888 .888 .944 .888
=====
BIGBANKS .857 .857 .857 .857 .857 .857
=====
AUTO .792 .792 .754 .735 .792 .735
TRANSP .789 .789 .842 .789 .842 .789
GUNS .785 .785 .714 .642 .785 .714
HOSPITAL .785 .714 .642 .571 .571 .571
JETS .769 .769 .846 .846 .846 .846
SEMI .765 .819 .851 .851 .829 .829
=====
ELECTRON .751 .781 .812 .796 .796 .796
NIFTY .75 .75 .84 .772 .818 .75
SOFTWARE .75 .785 .785 .75 .767 .767
HIGHPRIC .74 .731 .779 .761 .787 .722
FINANCE .737 .725 .725 .737 .775 .737
GAMING .736 .684 .736 .789 .736 .631
MILITARY .73 .653 .73 .692 .73 .692
GREEN .722 .666 .722 .722 .666 .555
CHEM .72 .72 .744 .72 .72 .674
NASD-100 .71 .7 .78 .72 .76 .67
=====
RUS-1000 .694 .705 .753 .732 .749 .702
=====
ETFS .69 .763 .781 .8 .836 .763
REIT .684 .73 .792 .784 .853 .8
INSURANC .68 .68 .68 .72 .88 .8
INDEXES .675 .681 .713 .708 .729 .74
COMPUTER .65 .65 .65 .6 .7 .65
INDMATER .638 .652 .68 .652 .638 .638
RETAIL .638 .595 .702 .638 .659 .574
SP500 .614 .618 .686 .668 .709 .643
=====
FIDSTKS .591 .615 .656 .639 .68 .633
CHINA .568 .727 .772 .704 .772 .727
DOWJONES .566 .5 .533 .5 .6 .466
=====
HACKERS .562 .625 .625 .625 .625 .625
BIOTECH .553 .508 .534 .534 .562 .534
SP-100 .544 .533 .566 .6 .622 .533
LOWPRICE .512 .51 .544 .538 .538 .558
===========================================================================================
COAL .5 .833 .833 .5 .333 .5
===========================================================================================
COMODITY .487 .41 .487 .589 .538 .538
FOOD .469 .408 .51 .632 .591 .571
REGBANKS .44 .44 .52 .48 .48 .48
DJI-13 .384 .384 .307 .307 .461 .307
OILGAS .38 .476 .542 .6 .58 .58
BEVERAGE .357 .357 .571 .428 .428 .357
SOLAR .312 .437 .562 .437 .5 .375
BONDFUND .31 .356 .712 .793 .827 .781
UTILITY .263 .184 .184 .131 .21 .131
GOLD .26 .239 .26 .347 .326 .391
MARIJUAN .2 .2 .2 .2 .2 .2
|
===================================================================================
Friday 2/17: 5:45 AM Futures: DJI -165 NASDAQ -109
Data Used 2-16-2023:
| |
2/16/2023
|
|
| |
Talk of
a 1/2% jump in rates within the FED hierarchy spooked the market,
as did a big jump in
one of the key inflation indicators, the Producer Price
Index. Thursday's
431 point DJI decline did drop the DJI 6 points below
its key 65-dma.
This is apt to bring an additional decline to its 3-week
low just above 35500.
Down-day volume within the recent trading range
has consistently been
above up-day volume. So, all the narrow backing and filling
and the prospects of
more rate hikes could bound to bring a decline
by the DJI to its lower
band. But with the P-Indicator and Accumulation
Index positive,
Peerless will probably give a Buy signal at that point. And
we can take new long
positions in the major market ETFs.
The DJI's weakness
today was concentrated in its highest priced components.
I count 9 individual
DJI stocks over $200/share. These have the most weight.
Six of them (BA, GS,
MSFT, AMGN, UNH and V fell between 3 and 7 points.
MSFT, whose Artifical
Intelligence excitement probably needs to be tempered,
fell the most, 7.17
points and alone caused a hundred point drop in the DJI.
Three other high priced
DJI stocks held up better, including HD +3.9 and
MCD -.73. These
and CAT, which is fending off a head/shoulders top will likely
be the most important
stocks to watch now as the DJI deals with FED
more aggressive
"hawkishness".
All the while the blue
chips and dividend stocks are coping with the FED,
Professionals, as
judged by their Closing Powers' and Day Traders' Tools'
uptrends and recent new
highs, remain bullish. Professionals, as a class, usually
end up being right.
So does the bullish seasonality in the third year. In addition,
Peerless refuses to
give a Sell.
It remains to be seen
if the Monday holiday next week will bring a recovery
today, Friday.
Regardless, I would continue to hold CAT, NVDA and some
of the strongest
Bullish MAXCPs. I would avoid the short side of the market.
|
|
| |
Charts - 2/16/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90216.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-16-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-16-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| |
Table 1 - Daily
Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,174 |
3,194 |
3,172 |
| Advances |
800 |
1,780 |
807 |
| Declines |
2,264 |
1,297 |
2,253 |
| Unchanged |
110 |
117 |
112 |
| New
highs |
80 |
83 |
87 |
| New
lows |
15 |
7 |
10 |
| Adv.
volume* |
217,896,100 |
516,972,109 |
209,644,983 |
| Decl.
volume* |
627,499,312 |
304,805,423 |
674,580,955 |
| Total
volume* |
858,027,332 |
831,716,755 |
887,518,365 |
| Closing
Arms (TRIN)† |
0.89 |
0.73 |
1.07 |
| Block
trades* |
4,286 |
4,473 |
4,413 |
| Adv.
volume |
1,156,162,770 |
2,625,091,245 |
1,066,333,261 |
| Decl.
volume |
2,903,611,066 |
1,404,290,655 |
3,178,692,598 |
| Total
volume |
4,143,662,176 |
4,075,983,812 |
4,270,207,804 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,807 |
4,797 |
4,767 |
| Advances |
1,521 |
2,870 |
1,348 |
| Declines |
3,045 |
1,676 |
3,190 |
| Unchanged |
241 |
251 |
229 |
| New
highs |
96 |
91 |
93 |
| New
lows |
67 |
63 |
67 |
| Closing
Arms (TRIN)† |
1.28 |
0.87 |
1.07 |
| Block
trades |
34,544 |
33,599 |
38,336 |
| Adv.
volume |
1,437,678,055 |
3,333,606,989 |
1,553,537,385 |
| Decl.
volume |
3,684,986,926 |
1,694,530,007 |
3,933,489,976 |
| Total
volume |
5,159,416,186 |
5,056,647,624 |
5,536,290,050 |
|
Table 2 QUICKSILVER on ETFS - 2/16/2023 ---
Bullish = 12 +3 COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL,
SOXL (highest - +.54)
,TEXL, OIH, CPER, YINN
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 337.39 -4.27 338.73 4.6% Bullish RED .23 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11855.83 -214.76 11718.12 27.9% Bullish RED .245 .063 .308
---------------------------------------------------------------------------------------------
SPY 408.28 -5.7 408.04 14.5% Bullish RED .248 .03 .278
---------------------------------------------------------------------------------------------
QQQ 303.3 -5.8 299.7 26.6% Bullish RED .22 .062 .282
---------------------------------------------------------------------------------------------
MDY 487.06 -3.53 481.32 70.7% Bullish BLUE .248 .07 .318
---------------------------------------------------------------------------------------------
IWM 192.6 -1.86 190.31 69.5% Bullish BLUE .292 .061 .353
---------------------------------------------------------------------------------------------
FAS 86.56 -2.94 87.59 -2.3% Bullish RED .273 .103 .376
---------------------------------------------------------------------------------------------
RETL 10.73 -.54 9.88 252.9% Bullish RED .132 .228 .36
---------------------------------------------------------------------------------------------
SOXL 16.28 -1.26 15.8 -89.6% Bullish RED .239 .301 .54
---------------------------------------------------------------------------------------------
TECL 31.42 -1.75 30.75 21.8% Bullish RED .245 .147 .392
---------------------------------------------------------------------------------------------
IBB 132.09 -1.68 132.36 -11.6% Bullish RED .234 -.017 .217
---------------------------------------------------------------------------------------------
GLD 170.75 -.14 173.36 -66.1% ------- BLUE .097 .046 .143
---------------------------------------------------------------------------------------------
DBO 14.99 -.15 15.25 43% ------- RED .087 -.005 .082
---------------------------------------------------------------------------------------------
OIH 327.45 1.32 329.24 149.2% Bullish BLUE .212 .124 .336
---------------------------------------------------------------------------------------------
CPER 25.01 .49 24.42 52.7% Bullish BLUE .408 .101 .509
---------------------------------------------------------------------------------------------
TAN 76.23 -2.81 75.88 -11% ------- RED .088 -.061 .027
---------------------------------------------------------------------------------------------
UUP 28.11 .04 27.98 39.4% Bearish ---- -.038 -.005 -.043
---------------------------------------------------------------------------------------------
CORN 26.5 -.03 26.66 30.1% ------- BLUE -.103 .041 -.062
---------------------------------------------------------------------------------------------
WEAT 7.79 -.03 8 50.6% Bullish ---- .067 .044 .111
---------------------------------------------------------------------------------------------
YINN 53.01 .19 53.17 -484.7% Bullish BLUE .205 .16 .365
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/16/23
Bullish =
Bearish =
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 .857 .857 .857 1
EDU 1 1 1 1 1 1
HOMEBLDG .944 .888 .888 .944 .888 .888
=====
INFRA .878 .878 .878 .848 .848 .878
BIGBANKS .857 .857 .857 .857 .857 .857
=====
COAL .833 .833 .5 .333 .5 .333
SEMI .819 .851 .851 .829 .819 .84
====
AUTO .792 .773 .735 .792 .735 .792
TRANSP .789 .842 .789 .842 .842 .789
GUNS .785 .714 .642 .785 .714 .642
SOFTWARE .785 .803 .75 .767 .767 .803
ELECTRON .781 .812 .796 .796 .789 .789
JETS .769 .846 .846 .846 .846 .846
ETFS .763 .781 .8 .836 .781 .8
NIFTY .75 .84 .772 .818 .75 .75
HIGHPRIC .731 .779 .761 .787 .731 .727
REIT .73 .784 .792 .861 .784 .73
CHINA .727 .772 .704 .772 .727 .772
FINANCE .725 .725 .737 .762 .737 .737
CHEM .72 .744 .72 .72 .674 .651
HOSPITAL .714 .642 .571 .571 .571 .571
RUS-1000 .705 .753 .732 .749 .707 .695
====
NASD-100 .7 .78 .72 .76 .69 .68
====
GAMING .684 .736 .736 .789 .684 .578
INDEXES .681 .713 .708 .729 .724 .708
INSURANC .68 .68 .72 .88 .8 .72
GREEN .666 .722 .722 .666 .555 .722
MILITARY .653 .73 .692 .73 .692 .538
INDMATER .652 .68 .652 .638 .638 .583
COMPUTER .65 .65 .6 .7 .65 .6
HACKERS .625 .625 .625 .625 .625 .625
SP500 .618 .686 .67 .704 .655 .627
=====
FIDSTKS .615 .656 .639 .68 .633 .603
RETAIL .595 .702 .638 .659 .595 .574
SP-100 .533 .566 .6 .622 .544 .522
LOWPRICE .51 .547 .541 .538 .555 .558
BIOTECH .508 .531 .536 .562 .534 .562
--------------------------------------------------------------------------------------------
DOWJONES .5 .533 .5 .6 .466 .433
=====
--------------------------------------------------------------------------------------------
OILGAS .476 .542 .6 .58 .571 .419
REGBANKS .44 .52 .48 .48 .48 .44
SOLAR .437 .562 .437 .5 .375 .375
COMODITY .41 .487 .564 .538 .538 .435
FOOD .408 .51 .612 .591 .571 .469
DJI-13 .384 .307 .307 .461 .307 .307
BEVERAGE .357 .571 .428 .428 .357 .428
BONDFUND .356 .712 .793 .827 .793 .885
GOLD .239 .26 .347 .326 .391 .369
MARIJUAN .2 .2 .2 .2 .2 .2
UTILITY .184 .184 .131 .21 .131 .105
|
===================================================================================
Thursday 2/16: 6:00 AM Futures: DJI -276 NASDAQ -182
Data Used 2-15-2023:
| |
2/15/2023
|
|
| |
For more than three
weeks the DJI has been trapped in an unusually narrow trading
range between 33600 and 34400.
I keep saying, let's wait for a new Buy signal
at the lower band to buy an ETF,
but hold onto the bullish MAXCPs, CAT and
NVDA. The DJI and the
big ETFs are not the real story at this time.
The FED probably would like for the
DJI and SP-500 to pull back. Thst would
help it fight inflation.
Afterall, the FED seems bound to try to lower the 5%-6%
annual rate of inflation and it
seems ready enough to raise interest rates above 5%,
especially given the very low rate
of unemployment and the residual economic
strength.
The interest rate bears' selling is
also holding back most NYSE dividend stocks, bonds
and bond funds. But Peerless
remains on its Buys in keeping with the usually very
bullish seasonality of the the
third year in the four-year Presidential cycle. Going back
more than one hundred years, one
finds the third year averaging a DJI gain of almost
3x what it is in other years.
Thus -the DJI's stalemated momentum.
But an epic battle is going on
under the surface of the market. Most observers see
the sleepiness of the DJI and give
a "ho-hum" response. Let me try to change that.
Many of the DJI blue chips are
secure but also very stodgy. In this, their dull
collective behavior fails to tell
us now how bullish Professionals are at this juncture.
See below how the openings are weak
but the Professionals are busy buying all day.
Today, the Closing Powers for most
of the key ETFs and many of the leading tech
stocks scored new highs, way
ahead of the the DJI or the ETFs they represent.
Historically, this commonly occurs
at the start of major bull markets. Our mulltiple
Peerless Buy signals and the
bullish seasonality say the same thing. So, does the
weakness in gold at these
junctures. And Tables 2 and 3, too.
Now look at the leaders in our
tables below. They are the semi-conductors. Nearly all
of them are above their 65-dma.
Many are very strong. As speculative stocks, traders
would not be so busy buying
"semis" if they did not sense a tech take-off is occurring, no
matter what the DJI is doing.
At the center of the take-off is
artificial intelligence. Chip-makers like NVDA
have found ways to incorporate not
just fixed rules, but ways to allow for
devices to learn better ways of
performing as they funcion. Now MSFT
has created a new, interactive Bing
that is more powerful than anything
GOOGLE has. Read about the
amazing "Sydney" in the lentgthy piece tonight.
in the NY Times. But read
also about its dark Jungian side. The NY Times writer
quotes its declaration of love to
the writer, even suggesting that he divorce his wife
so as to be with Bing more.
It will take some time to read the "word for word"
conversation, but this may be the
future if we are not very careful. Should
we trust MSFT?
https://www.nytimes.com/2023/02/16/technology/bing-chatbot-microsoft-chatgpt.html
and https://www.theverge.com/23599441/microsoft-bing-ai-sydney-secret-rules
and especially
https://www.nytimes.com/2023/02/16/technology/bing-chatbot-microsoft-chatgpt.html
|
|
| |
Charts - 2/15/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90215.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-15-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-15-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Volume and Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,194 |
3,196 |
3,180 |
| Advances |
1,780 |
1,483 |
1,009 |
| Declines |
1,297 |
1,574 |
2,045 |
| Unchanged |
117 |
139 |
126 |
| New
highs |
83 |
102 |
66 |
| New
lows |
7 |
12 |
6 |
| Adv.
volume* |
516,972,109 |
406,667,738 |
231,629,956 |
| Decl.
volume* |
304,805,423 |
408,752,011 |
568,195,050 |
| Total
volume* |
831,716,755 |
833,908,294 |
807,339,124 |
| Closing
Arms (TRIN)† |
0.73 |
0.81 |
1.02 |
| Block
trades* |
4,473 |
4,124 |
4,166 |
| Adv.
volume |
2,625,091,245 |
2,060,295,306 |
1,294,268,376 |
| Decl.
volume |
1,404,290,655 |
1,771,869,612 |
2,683,364,342 |
| Total
volume |
4,075,983,812 |
3,929,202,033 |
4,029,826,471 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,797 |
4,752 |
4,785 |
| Advances |
2,870 |
2,109 |
1,419 |
| Declines |
1,676 |
2,409 |
3,141 |
| Unchanged |
251 |
234 |
225 |
| New
highs |
91 |
86 |
100 |
| New
lows |
63 |
83 |
47 |
| Closing
Arms (TRIN)† |
0.87 |
0.64 |
1.05 |
| Block
trades |
33,599 |
31,940 |
33,782 |
| Adv.
volume |
3,333,606,989 |
2,858,962,187 |
1,506,920,076 |
| Decl.
volume |
1,694,530,007 |
2,097,172,205 |
3,513,337,901 |
| Total
volume |
5,056,647,624 |
5,032,435,049 |
5,052,872,994 |
|
Table 2 QUICKSILVER on ETFS - 2/15/2023 ---
Bullish = 9 +4 COMPQX, SPY, QQQ, MDY, IWM, FAS, SOXL, TEXL,
YINN (highest 0.361)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 341.66 .52 337.08 33% Bullish BLUE .204 0 ----
---------------------------------------------------------------------------------------------
COMPQX 12070.59 110.44 11789.58 67.5% Bullish BLUE .246 .062 .308
---------------------------------------------------------------------------------------------
SPY 413.98 1.34 407.09 40.6% Bullish BLUE .233 .026 .259
---------------------------------------------------------------------------------------------
QQQ 309.1 2.35 301.68 77.9% Bullish BLUE .232 .066 .298
---------------------------------------------------------------------------------------------
MDY 490.59 3.24 480.2 46.8% Bullish BLUE .204 .053 .257
---------------------------------------------------------------------------------------------
IWM 194.46 1.95 189.93 45.4% Bullish BLUE .252 .043 .295
---------------------------------------------------------------------------------------------
FAS 89.5 .43 86.6 -20.3% Bullish BLUE .233 .056 .289
---------------------------------------------------------------------------------------------
RETL 11.27 .77 10.2 260.4% Bullish BLUE .086 .199 .285
---------------------------------------------------------------------------------------------
SOXL 17.54 .21 16.58 317.7% Bullish BLUE .231 .355 .586
---------------------------------------------------------------------------------------------
TECL 33.17 .52 31.28 222% Bullish BLUE .232 .152 .384
---------------------------------------------------------------------------------------------
IBB 133.77 0 132.4 16.5% Bullish BLUE .223 -.025 .198
---------------------------------------------------------------------------------------------
GLD 170.89 -1.72 173.03 -101.6% Bearish BLUE .062 .031 .093
---------------------------------------------------------------------------------------------
DBO 15.14 -.05 14.86 39.7% ------- BLUE .059 -.026 .033
---------------------------------------------------------------------------------------------
OIH 326.13 -4.59 317.69 -44% Bullish RED .131 .067 .198
---------------------------------------------------------------------------------------------
CPER 24.52 -.38 24.75 -10.1% ------- BLUE 0 .061 .061
---------------------------------------------------------------------------------------------
TAN 79.04 2.51 76.4 66.4% ------- BLUE .109 -.047 .062
---------------------------------------------------------------------------------------------
UUP 28.07 .19 27.89 25.1% Bullish ---- .009 .003 .012
---------------------------------------------------------------------------------------------
CORN 26.53 -.18 26.34 -15% ------- RED -.183 .035 -.148
---------------------------------------------------------------------------------------------
WEAT 7.82 -.15 7.71 19% Bullish RED .036 .021 .057
---------------------------------------------------------------------------------------------
YINN 52.82 -1.42 58.33 -214.1% Bearish BLUE .149 .148 .297
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/15/23
Bullish = 44
Bearish = 5
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 .857 .857 .857 1 1
EDU 1 1 1 1 1 1
HOMEBLDG .888 .888 .944 .888 .888 .944
=====
INFRA .878 .878 .848 .848 .878 .878
BIGBANKS .857 .857 .857 .857 .857 .857
SEMI .851 .851 .829 .819 .829 .872
=====
JETS .846 .846 .846 .846 .846 .846
TRANSP .842 .789 .842 .842 .789 .842
NIFTY .84 .772 .818 .75 .75 .75
COAL .833 .5 .333 .5 .333 .333
ELECTRON .812 .796 .796 .789 .781 .827
SOFTWARE .803 .767 .767 .767 .803 .821
REIT .784 .784 .869 .792 .723 .838
ETFS .781 .8 .836 .781 .818 .781
NASD-100 .78 .72 .76 .69 .68 .69
=====
HIGHPRIC .779 .761 .787 .731 .727 .766
AUTO .773 .754 .792 .735 .792 .83
CHINA .772 .704 .772 .727 .772 .795
RUS-1000 .753 .732 .749 .707 .699 .743
=====
CHEM .744 .72 .72 .674 .651 .79
GAMING .736 .736 .736 .736 .578 .631
MILITARY .73 .692 .73 .692 .538 .615
FINANCE .725 .737 .762 .725 .725 .775
GREEN .722 .722 .666 .555 .722 .777
GUNS .714 .642 .785 .714 .642 .785
INDEXES .713 .708 .729 .724 .724 .729
BONDFUND .712 .793 .827 .793 .908 .908
RETAIL .702 .638 .659 .595 .574 .638
SP500 .686 .67 .706 .651 .629 .678
=====
INDMATER .68 .652 .638 .638 .583 .708
INSURANC .68 .72 .88 .8 .72 .88
FIDSTKS .656 .639 .68 .633 .597 .662
COMPUTER .65 .6 .7 .65 .55 .65
HOSPITAL .642 .571 .571 .571 .571 .571
HACKERS .625 .625 .625 .625 .625 .687
BEVERAGE .571 .428 .428 .357 .428 .428
SP-100 .566 .6 .622 .544 .522 .566
SOLAR .562 .437 .5 .375 .375 .5
LOWPRICE .547 .544 .541 .555 .558 .595
OILGAS .542 .6 .58 .571 .409 .466
DOWJONES .533 .5 .6 .466 .433 .5
=====
BIOTECH .531 .534 .565 .534 .559 .613
REGBANKS .52 .48 .48 .48 .44 .56
FOOD .51 .612 .571 .571 .469 .551
===============================================================================================
COMODITY .487 .564 .512 .538 .435 .538
DJI-13 .307 .307 .461 .307 .307 .461
GOLD .26 .347 .326 .391 .413 .608
MARIJUAN .2 .2 .2 .2 .2 .1
UTILITY .184 .131 .21 .131 .105 .184
|
===================================================================================
Wednesday 2/15: 6:15 AM Futures: DJI -74 NASDAQ -60 Data
Used 2-14-2023:
| |
2-14-2023
|
|
| |
The CPI number
just out warns it will be longer than expected before Inflation is
back down to 3%. This
news killed the DJI's attempt to lead the market higher.
So, another testing of
support is needed. The immediate support just below
is at its rising 65-dma and
its 21-dma. The bullish seasonality, rising Closing
Powers and Peerless Buys
should be able to hold the DJI up in its present
trading range. But
backing and filling like it is doing creates a tension and
often prepares the way for a
swift vertical move when the breakout or breakdown
does finally occur. If
the recent support fails, look for the DJI to fall to its lower band.
A new Buy B9 wuld then be
expected and be where we should take new ETF
positions. Meanwhile,
stick with the Bullish MAXCPs.
More extended version of HL tonight.
Peerless Remains
on its Buys but another pullback is shaping up. 32500
is important
support. Below that is the lower band of the DJI, around 32600.
For now, the 34500
resistance appears too much for the DJI.
Pulling back from
overhead resistance with weakening breadth and volume.
But no Peerless
Sell less than one percent below. For almost three weeks it
has been stuck in
a narrow range betweem 33500 and 35300, bouncing
back and forth
five or six times. Point and figure chartists can hardly wait for
a breakout because
this many reversals in a narrow range regulary bring a
very quick and
sizeable vertical move in whichever way it breaks out. Which
way now?
The weak OBV Lines
especially for the SP-500 and OEX argue against an
upside breakout as
does the breaking of the uptrends for the key internal
strength
indicators shown on our Peerless chart. Ordinarily, if the DJI were
about to be stage
a sell-off, we would also so a number of head/shoulders
top patterns among
the individual DJI stocks. Only CAT fits that description
now.
Otherwise, as I said recently, among the higher priced (more heavily
weighted) DJI
stocks there are about as many in good-looming uptrends
(AXP, CA, CRM, GS,
JM and V) as those in clear downtrends (AMGN,
CVX, JNJ, MMM, PG
and UNH).
And the bulls have
the usually reliable Closing Powers, seasonality and
Peerless signals
on their side. Moreover, 69% of all stocks are bullishly
above their
65-dma. So, what a trader to do? Without more bearish MINCPs,
it's hard to
advise any short-selling. Mostly, I have said look to the bullish
special situations
for upside trades and wait for a new Peerless Buy signal
near the lower
band to buy the major market ETFs. The jump in NVDA
today would seem
to justify that approach. But sell CAT if it closes below
its H/S
neckline.
The CPI number
yesterday that it will take longer than many expected
for the FED to
bring back inflation under 3%. Almost certainly, interest
rates will be
raised to 5% in March and then even higher. That is not
a scenario that in
the past permits a new bull market. If we are not going
to get a new bull
market, it means longs will have to be taken for trading
purposes.
And that will be where the trendlines of our Closing Powers
and Day Traders'
Tool should help us.
|
|
| |
Charts - 2/14/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90214.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
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/2-14-2023/Bullish.htm
Bearish MINCPs www.tigersoftware.com/Downing/2-14-2023/BEARISH.htm
|
|
DJIA -
 |
Closing Power is still uptrending for DIA
|
Closing Power is still uptrending for NASDAQ
 |
Closing Power is still uptrending for SPY
 |
FAS was unable to breakout past flat resistance, but its Closing Power is still rising.
|
QQQ - Closing Power still rising
|
NVDA regains its leadership role among biggest SP-500 stocks.
|
Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,196 |
3,187 |
3,174 |
| Advances |
1,483 |
2,336 |
1,909 |
| Declines |
1,574 |
735 |
1,154 |
| Unchanged |
139 |
116 |
111 |
| New
highs |
102 |
87 |
85 |
| New
lows |
12 |
13 |
8 |
| Adv.
volume* |
406,667,738 |
595,284,360 |
583,612,732 |
| Decl.
volume* |
408,752,011 |
164,132,676 |
312,304,307 |
| Total
volume* |
833,908,294 |
772,189,005 |
903,159,697 |
| Closing
Arms (TRIN)† |
0.81 |
0.98 |
0.99 |
| Block
trades* |
4,124 |
4,017 |
4,357 |
| Adv.
volume |
2,060,295,306 |
2,581,048,062 |
2,700,045,339 |
| Decl.
volume |
1,771,869,612 |
797,385,387 |
1,620,767,045 |
| Total
volume |
3,929,202,033 |
3,448,628,150 |
4,355,866,857 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,752 |
4,808 |
4,747 |
| Advances |
2,109 |
2,856 |
2,641 |
| Declines |
2,409 |
1,704 |
1,862 |
| Unchanged |
234 |
248 |
244 |
| New
highs |
86 |
81 |
103 |
| New
lows |
83 |
67 |
43 |
| Closing
Arms (TRIN)† |
0.64 |
0.85 |
0.93 |
| Block
trades |
31,940 |
31,168 |
37,522 |
| Adv.
volume |
2,858,962,187 |
3,124,372,012 |
3,428,905,139 |
| Decl.
volume |
2,097,172,205 |
1,582,559,693 |
2,238,240,997 |
| Total
volume |
5,032,435,049 |
4,752,885,418 |
5,720,245,945 |
|
Table 2 QUICKSILVER on ETFS - 2/14/2023 ---
Bullish = 5 -3 COMPQX, QQQ, SOXL, TEXL,
YINN (highest 0.361)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 341.14 -1.41 339.42 -5.6% Bullish RED .138 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11960.15 68.36 11910.52 -64.6% Bullish BLUE .209 .051 .26
---------------------------------------------------------------------------------------------
SPY 412.64 -.19 410.65 -31% Bullish BLUE .178 .022 .2
---------------------------------------------------------------------------------------------
QQQ 306.75 2.25 304.37 -51.5% Bullish BLUE .204 .054 .258
---------------------------------------------------------------------------------------------
MDY 487.35 .24 486.06 -47.1% Bullish BLUE .154 .047 .201
---------------------------------------------------------------------------------------------
IWM 192.51 -.09 192.72 -79.9% Bullish BLUE .198 .039 .237
---------------------------------------------------------------------------------------------
FAS 89.07 -1.34 89.86 -132.9% Bullish RED .187 .037 .224
---------------------------------------------------------------------------------------------
RETL 10.5 -.04 10.73 -342.4% Bullish BLUE .032 .147 .179
---------------------------------------------------------------------------------------------
SOXL 17.33 .91 16.49 -78.4% ------- BLUE .198 .293 .491
---------------------------------------------------------------------------------------------
TECL 32.65 .31 31.76 -48.7% Bullish BLUE .203 .114 .317
---------------------------------------------------------------------------------------------
IBB 133.77 -.41 133.33 -95.3% Bullish BLUE .199 -.015 .184
---------------------------------------------------------------------------------------------
GLD 172.61 .13 174.41 -39.5% Bearish BLUE .023 .038 .061
---------------------------------------------------------------------------------------------
DBO 15.19 .02 15.02 116.4% ------- BLUE .037 -.035 .002
---------------------------------------------------------------------------------------------
OIH 330.72 -.72 329.01 105.1% Bullish BLUE .127 .102 .229
---------------------------------------------------------------------------------------------
CPER 24.9 .18 24.57 32.5% ------- BLUE -.024 .097 .073
---------------------------------------------------------------------------------------------
TAN 76.53 -.55 78.02 -154.7% Bearish BLUE .06 -.051 .009
---------------------------------------------------------------------------------------------
UUP 27.88 -.02 27.93 -3.6% Bullish ---- .083 -.004 .079
---------------------------------------------------------------------------------------------
CORN 26.71 -.06 26.61 39.5% Bullish RED -.075 .03 -.045
---------------------------------------------------------------------------------------------
WEAT 7.97 -.02 7.79 191.5% Bullish ---- .112 .018 .13
---------------------------------------------------------------------------------------------
YINN 54.24 -1.6 55.19 -288.4% Bearish BLUE .074 .271 .345
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/14/23
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
EDU 1 1 1 1 1 1
HOMEBLDG .888 .944 .888 .888 .944 .944
=====
INFRA .878 .848 .848 .878 .878 .909
BIGBANKS .857 .857 .857 .857 .857 .857
COPPER .857 .857 .857 1 1 1
SEMI .851 .829 .819 .829 .861 .914
=====
JETS .846 .846 .846 .846 .846 .846
ETFS .8 .836 .781 .818 .8 .8
ELECTRON .796 .796 .789 .781 .819 .864
BONDFUND .793 .827 .793 .908 .919 .885
TRANSP .789 .842 .842 .789 .842 .842
REIT .784 .861 .8 .73 .83 .876
NIFTY .772 .818 .75 .75 .75 .818
SOFTWARE .767 .785 .767 .803 .821 .857
HIGHPRIC .761 .787 .731 .727 .77 .813
AUTO .754 .811 .735 .792 .83 .83
FINANCE .737 .762 .725 .712 .775 .75
GAMING .736 .736 .684 .631 .631 .789
RUS-1000 .732 .749 .707 .699 .744 .784
=====
GREEN .722 .666 .555 .722 .777 .888
CHEM .72 .72 .674 .651 .79 .744
INSURANC .72 .88 .8 .72 .88 .88
NASD-100 .72 .76 .69 .68 .69 .76
======
INDEXES .708 .729 .724 .724 .729 .756
CHINA .704 .772 .727 .772 .795 .818
MILITARY .692 .73 .692 .538 .615 .615
SP500 .67 .706 .653 .625 .682 .719
=====
INDMATER .652 .638 .638 .583 .708 .736
GUNS .642 .785 .714 .642 .785 .785
FIDSTKS .639 .68 .633 .597 .662 .692
RETAIL .638 .659 .595 .574 .638 .702
HACKERS .625 .625 .625 .625 .687 .687
FOOD .612 .571 .551 .469 .551 .571
COMPUTER .6 .7 .65 .55 .65 .7
OILGAS .6 .58 .571 .409 .466 .485
SP-100 .6 .622 .544 .522 .566 .611
HOSPITAL .571 .571 .571 .571 .571 .571
COMODITY .564 .512 .512 .435 .538 .564
LOWPRICE .544 .544 .558 .558 .598 .627
BIOTECH .534 .562 .536 .559 .61 .661
===============================================================================================
COAL .5 .333 .5 .333 .333 .333
DOWJONES .5 .6 .466 .433 .5 .566
===============================================================================================
REGBANKS .48 .48 .48 .44 .56 .64
SOLAR .437 .5 .375 .375 .5 .625
BEVERAGE .428 .428 .357 .428 .428 .5
GOLD .347 .326 .391 .413 .608 .739
DJI-13 .307 .461 .307 .307 .461 .461
MARIJUAN .2 .2 .2 .2 .1 .1
UTILITY .131 .21 .131 .105 .184 .421
|
===================================================================================
Tuesday 2/14: 6:10 AM Futures:
DJI +32 NASDAQ
-7 Data Used 2-13-2023:
| |
2-13-2023
|
|
| |
|
|
02/14/2023 |
In January, the Consumer Price Index for All Urban
Consumers increased 0.5 percent, seasonally adjusted, and rose 6.4 percent over the last
12 months, not seasonally adjusted. The index for all items less food and energy increased
0.4 percent in January (SA); up 5.6 percent over the year (NSA).
US
Labor Dept's monthly CPI Report. |
Inflation is still with us.
The DJI seems to have taken over the market's leadership
as traders grow cautious
about how much higher rates may go. As you can see from
the charts below, the DJI is
about 300 points from a breakout, less than 1%, the
other leading ETFs and
semi-conductors, in particular, are lagging more. So, it will
be up to Professionals at
this point to sustain the DJI rally into overhead resistance. The
best chance for a confirming
breakout would seem to be the big banks and FED.
Without mugh higher volume,
the advance is apt to narrow or require another pullback.
But we still have
multiple Peerless Buys, rising Closing Powers and bullish seasonality.
Be patient, there ought
to be substantially higher prices. No short selling. A handful
of Bullish MAXCPs
continue to rise almost day to day.
|
|
| |
Charts - 2/13/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90213.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/2-13-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/2-13-2023/BEARISH.htm
|
|
DJI is challenging its resistance again at 34500.
 |
Opening Power and CLosing Power continue their struggle for dominance.
 |
SPY has a well-controlled short-term price pattern.
Opening and Closing Power remain at war.
 |
NASDAQ fell off its highs and is father from its recovery highs than DJI.
 |
Opening and Closing Power remain at war. No new high can be made here
very easily.
 |
FAS might be expected to lead a breakout charge above resistance.
it needs to rise by more than 2 points.
 |
Opening and
Closing Power are at war. 2 points from making a recovery high.
 |
 |
 |
 |
 |
Table `1 - Daily Volume and Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,187 |
3,185 |
3,217 |
| Advances |
2,336 |
1,611 |
774 |
| Declines |
735 |
1,460 |
2,333 |
| Unchanged |
116 |
114 |
110 |
| New
highs |
87 |
42 |
61 |
| New
lows |
13 |
15 |
12 |
| Adv.
volume* |
595,284,360 |
463,218,833 |
235,068,186 |
| Decl.
volume* |
164,132,676 |
382,886,488 |
590,685,219 |
| Total
volume* |
772,189,005 |
854,346,415 |
845,054,157 |
| Closing
Arms (TRIN)† |
0.98 |
1.10 |
0.71 |
| Block
trades* |
4,017 |
4,556 |
4,121 |
| Adv.
volume |
2,581,048,062 |
1,933,410,992 |
1,281,548,784 |
| Decl.
volume |
797,385,387 |
1,921,136,685 |
2,730,038,009 |
| Total
volume |
3,448,628,150 |
3,891,524,118 |
4,114,244,066 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,808 |
4,773 |
4,783 |
| Advances |
2,856 |
1,918 |
1,532 |
| Declines |
1,704 |
2,584 |
3,025 |
| Unchanged |
248 |
271 |
226 |
| New
highs |
81 |
61 |
91 |
| New
lows |
67 |
82 |
32 |
| Closing
Arms (TRIN)† |
0.85 |
1.17 |
0.71 |
| Block
trades |
31,168 |
31,007 |
42,264 |
| Adv.
volume |
3,124,372,012 |
1,864,212,577 |
2,293,115,865 |
| Decl.
volume |
1,582,559,693 |
2,936,247,513 |
3,207,488,935 |
| Total
volume |
4,752,885,418 |
4,885,033,078 |
5,538,355,498 |
|
Table 2 QUICKSILVER on ETFS - 2/13/2023 ---
Bullish = 8 +1 COMPQX, QQQ, IWM, FAS, SOXL, TEXL,
OIH, YINN (highest 0.361)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 342.55 3.82 341.52 60% Bullish BLUE .17 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11891.79 173.67 12113.79 1.8% ------- BLUE .224 .047 .271
---------------------------------------------------------------------------------------------
SPY 412.83 4.79 415.19 36.6% Bullish BLUE .197 .023 .22
---------------------------------------------------------------------------------------------
QQQ 304.5 4.8 309.88 15% ------- BLUE .203 .048 .251
---------------------------------------------------------------------------------------------
MDY 487.11 5.79 491.92 -11.5% Bullish BLUE .18 .046 .226
---------------------------------------------------------------------------------------------
IWM 192.6 2.29 195.58 -40% Bullish BLUE .224 .038 .262
---------------------------------------------------------------------------------------------
FAS 90.41 2.82 91.44 123.4% Bullish BLUE .248 .035 .283
---------------------------------------------------------------------------------------------
RETL 10.54 .66 11.22 -393.2% ------- BLUE .033 .109 .142
---------------------------------------------------------------------------------------------
SOXL 16.42 .62 17.59 96.9% ------- BLUE .19 .199 .389
---------------------------------------------------------------------------------------------
TECL 32.34 1.59 32.96 262% ------- BLUE .212 .109 .321
---------------------------------------------------------------------------------------------
IBB 134.18 1.82 136.32 -53.4% ------- BLUE .218 -.007 .211
---------------------------------------------------------------------------------------------
GLD 172.48 -.88 173.98 -38.6% Bearish RED .069 .057 .126
---------------------------------------------------------------------------------------------
DBO 15.17 -.08 14.84 245.3% Bearish BLUE .033 -.028 .005
---------------------------------------------------------------------------------------------
OIH 331.44 2.2 323.86 230.1% Bullish BLUE .152 .1 .252
---------------------------------------------------------------------------------------------
CPER 24.72 .3 24.74 38.6% ------- BLUE .023 .094 .117
---------------------------------------------------------------------------------------------
TAN 77.08 1.2 78.92 -133.9% Bearish BLUE .041 -.072 -.031
---------------------------------------------------------------------------------------------
UUP 27.9 -.08 27.9 -9% Bullish RED .058 -.014 .044
---------------------------------------------------------------------------------------------
CORN 26.77 .11 26.5 20.7% Bullish BLUE 0 .024 .024
---------------------------------------------------------------------------------------------
WEAT 7.99 -.01 7.67 225.5% Bullish BLUE .153 .004 .157
---------------------------------------------------------------------------------------------
YINN 55.84 2.67 57.47 -24.1% Bearish BLUE .092 .269 .361
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/13/23
Bullish = 41
Bearish = 7
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
EDU 1 1 1 1 1 1
HOMEBLDG .944 .888 .888 .944 .944 .944
INSURANC .88 .8 .72 .88 .88 .8
REIT .861 .792 .738 .838 .869 .892
BIGBANKS .857 .857 .857 .857 .857 .857
COPPER .857 .857 1 1 1 1
INFRA .848 .848 .878 .878 .909 .909
JETS .846 .846 .846 .846 .846 .846
TRANSP .842 .842 .789 .842 .842 .842
ETFS .836 .781 .818 .8 .818 .781
SEMI .829 .819 .829 .861 .893 .904
=====
BONDFUND .827 .793 .908 .919 .896 .896
NIFTY .818 .75 .75 .75 .818 .795
AUTO .811 .754 .792 .83 .83 .849
ELECTRON .796 .789 .781 .819 .849 .864
HIGHPRIC .787 .731 .727 .77 .813 .787
GUNS .785 .714 .642 .785 .785 .857
SOFTWARE .785 .785 .803 .821 .857 .839
CHINA .772 .727 .772 .795 .818 .818
FINANCE .762 .725 .712 .762 .75 .75
NASD-100 .76 .69 .68 .69 .76 .72
=====
rising
RUS-1000 .749 .707 .699 .744 .786 .762
=====
GAMING .736 .684 .578 .684 .789 .736
MILITARY .73 .692 .538 .615 .615 .653
INDEXES .729 .724 .724 .729 .756 .745
CHEM .72 .674 .651 .79 .744 .79
SP500 .706 .653 .627 .678 .723 .688
=====
COMPUTER .7 .65 .55 .65 .7 .6
FIDSTKS .68 .633 .597 .662 .692 .644
GREEN .666 .555 .722 .777 .888 .888
RETAIL .659 .595 .574 .638 .702 .765
INDMATER .638 .638 .583 .708 .75 .736
HACKERS .625 .625 .625 .687 .687 .687
SP-100 .622 .544 .522 .566 .611 .566
DOWJONES .6 .466 .433 .5 .566 .5
=====
rising
OILGAS .58 .571 .409 .466 .485 .4
FOOD .571 .551 .448 .551 .571 .53
HOSPITAL .571 .571 .571 .571 .571 .714
BIOTECH .562 .534 .562 .61 .659 .644
=====
LOWPRICE .544 .561 .561 .598 .627 .653
COMODITY .512 .512 .41 .538 .564 .564
===============================================================================================
SOLAR .5 .375 .375 .5 .625 .687
===============================================================================================
REGBANKS .48 .48 .44 .56 .64 .56
DJI-13 .461 .307 .307 .461 .461 .384
BEVERAGE .428 .357 .428 .428 .5 .571
COAL .333 .5 .333 .333 .333 .333
GOLD .326 .391 .413 .608 .76 .673
UTILITY .21 .131 .105 .184 .421 .473
MARIJUAN .2 .2 .2 .1 .1 .2
|
===================================================================================
Monday 2/13: 5:30 AM Futures:
Monday DJI +19 NASDAQ +61 Data
Used 2-10-2023:
| |
2-10-2023
|
|
| |
The DJI is
waiting for something to pivot it away from its gravitational
center, its 65-dma and flat
21-day ma. It may be that the CPI numbers this week
will do that. There
could be a short-term decline. The A/D Line has broken its
uptrend and Peerless P-I is
falling. But we have no new Sell signals from Peerless,
only buy signals.
Seasonality is bullish from here over the next month (67%
probability of an advance),
two months (67% of time since 1967 there is a rise)
and three months (73%). And
our Closing Power 21-day moving averages
are rising for DJI, SPY, QQQ
and the NASDAQ.
In the short-term, the war
between our Opening Power and Closing Powers
continues. Usually, the
trend of the Closing Power wins out.
The DJI-30 is weaker than the
Nasdaq, QQQ or SPY. The prospects of 5%
short-term rates is hurting
dividend stocks. Big tech stocks are stronger because
traders in them are focusing
on the words "soft landing". That trend seems likely
to continue, but we will
watch it.
What's new with US-Russia
relations? All US citizens are urged to leave Russia.
That should cause some of the more
circumspect traders to pullback their buy
orders.
The DJI-30 stocks that are
above $140 a share, and therefore are apt to count most
when the DJIA is computed,
are about evenly divided between those that are up-trending
and those that are falling.
In the former camp I would place AXP, BA, CRM, GS, JPM
and V. In the falling
group are AMGN, CVX, JNJ, MMM, PG and UNH. We must
watch CAT because of the
bearishness of its potential head/shoulders. And we follow
UNH, the most heavily
weighted DJI-30 stock, clsoely now because it has risen to its
downtrend-resistance.
It might surpass it or it may fall back. Either way, it has more
weight than DOW, V Z, INTC,
CSCO, WBA and KO combined. MSFT and APPL
are important to watch, too.
They are tech leaders. Old "blue" IBM is at important
support, its 200-day ma. And
below see also HD and MCD, high priced DJI-30 stocks
that will signal short-term
trouble for the market it they break their support-levels.
Our NVDA fell victim to
profit-taking on Friday. Its intermediate-term trend is
still up.. See in
Tables 2 and 3 how high are the rankings of SOXL (semi-conductors)
and "SEMIS" .
NVDA will probably be a buy again after another down day and
then a positive candlestick.
Avoid the short side. Our choices among the Bearish
MINCPs is very few.
|
|
| |
Charts - 2/10/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90210.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/2-10-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/2-10-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Volume and Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,185 |
3,172 |
3,180 |
| Advances |
1,611 |
807 |
837 |
| Declines |
1,460 |
2,253 |
2,248 |
| Unchanged |
114 |
112 |
95 |
| New
highs |
42 |
87 |
121 |
| New
lows |
15 |
10 |
4 |
| Adv.
volume* |
463,218,833 |
209,644,983 |
236,306,245 |
| Decl.
volume* |
382,886,488 |
674,580,955 |
723,354,338 |
| Total
volume* |
854,346,415 |
887,518,365 |
975,003,578 |
| Closing
Arms (TRIN)† |
1.10 |
1.07 |
1.07 |
| Block
trades* |
4,556 |
4,413 |
4,845 |
| Adv.
volume |
1,933,410,992 |
1,066,333,261 |
1,185,075,029 |
| Decl.
volume |
1,921,136,685 |
3,178,692,598 |
3,419,334,522 |
| Total
volume |
3,891,524,118 |
4,270,207,804 |
4,694,517,247 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,773 |
4,767 |
4,811 |
| Advances |
1,918 |
1,348 |
1,719 |
| Declines |
2,584 |
3,190 |
2,858 |
| Unchanged |
271 |
229 |
234 |
| New
highs |
61 |
93 |
142 |
| New
lows |
82 |
67 |
24 |
| Closing
Arms (TRIN)† |
1.17 |
1.07 |
0.90 |
| Block
trades |
31,007 |
38,336 |
39,814 |
| Adv.
volume |
1,864,212,577 |
1,553,537,385 |
2,366,109,149 |
| Decl.
volume |
2,936,247,513 |
3,933,489,976 |
3,543,265,996 |
| Total
volume |
4,885,033,078 |
5,536,290,050 |
5,954,499,933 |
|
Table 2 QUICKSILVER on ETFS - 2/10/2023 ---
Bullish = 7 COMPQX, QQQ, IWM, FAS, SOXL, TEXL,
YINN (highest 0.871)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 338.73 1.65 338.48 -3.7% Bullish BLUE .166 0 .166
---------------------------------------------------------------------------------------------
COMPQX 11718.12 -71.46 11887.45 -120.9% ------- BLUE .225 .066 .291
---------------------------------------------------------------------------------------------
SPY 408.04 .95 409.83 -52.4% ------- BLUE .184 .032 .216
---------------------------------------------------------------------------------------------
QQQ 299.7 -1.98 303.59 -106.2% ------- BLUE .208 .067 .275
---------------------------------------------------------------------------------------------
MDY 481.32 1.12 488.23 -129.1% ------- BLUE .187 .046 .233
---------------------------------------------------------------------------------------------
IWM 190.31 .38 194.14 -172.3% ------- BLUE .247 .043 .29
---------------------------------------------------------------------------------------------
FAS 87.59 .99 88.22 -59.6% ------- BLUE .218 .041 .259
---------------------------------------------------------------------------------------------
RETL 9.88 -.32 11.38 -1002% ------- ---- .034 .087 .121
---------------------------------------------------------------------------------------------
SOXL 15.8 -.78 16.1 -337.6% ------- RED .204 .346 .55
---------------------------------------------------------------------------------------------
TECL 30.75 -.53 30.69 -171.9% ------- BLUE .214 .2 .414
---------------------------------------------------------------------------------------------
IBB 132.36 -.04 135.61 -156.8% ------- BLUE .216 0 .216
---------------------------------------------------------------------------------------------
GLD 173.36 .33 173.82 -2.9% Bearish RED .115 .065 .18
---------------------------------------------------------------------------------------------
DBO 15.25 .39 14.44 354.4% Bearish BLUE .018 -.009 .009
---------------------------------------------------------------------------------------------
OIH 329.24 11.55 316.56 211.5% Bullish BLUE .121 .1 .221
---------------------------------------------------------------------------------------------
CPER 24.42 -.33 24.53 -28.4% Bearish RED .019 .109 .128
---------------------------------------------------------------------------------------------
TAN 75.88 -.52 79.16 -245.4% Bearish BLUE .056 -.046 .01
---------------------------------------------------------------------------------------------
UUP 27.98 .09 27.95 34.1% Bullish BLUE .03 -.031 -.001
---------------------------------------------------------------------------------------------
CORN 26.66 .32 26.66 15.1% Bullish BLUE .061 0 .061
---------------------------------------------------------------------------------------------
WEAT 8 .29 7.64 201.3% Bullish BLUE .175 .009 .184
---------------------------------------------------------------------------------------------
YINN 53.17 -5.16 56.11 -494% Bearish RED .1 .361 .461
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/10/23
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
EDU 1 1 1 1 1 1
HOMEBLDG .888 .888 .944 .944 .944 1
BIGBANKS .857 .857 .857 .857 .857 .857
COPPER .857 1 1 1 1 1
INFRA .848 .878 .878 .909 .909 .939
JETS .846 .846 .846 .846 .846 .846
TRANSP .842 .789 .842 .842 .842 .894
SEMI .819 .829 .861 .893 .893 .904
------
INSURANC .8 .72 .88 .88 .8 .72
BONDFUND .793 .908 .919 .896 .908 .896
REIT .792 .73 .846 .876 .884 .915
ELECTRON .789 .781 .819 .849 .857 .864
SOFTWARE .785 .821 .821 .857 .857 .857
ETFS .781 .818 .8 .818 .8 .854
AUTO .754 .811 .83 .83 .849 .849
NIFTY .75 .75 .75 .818 .795 .818
HIGHPRIC .731 .727 .77 .813 .792 .813
CHINA .727 .772 .795 .818 .818 .818
FINANCE .725 .712 .762 .737 .75 .762
INDEXES .724 .724 .729 .756 .751 .745
GUNS .714 .642 .785 .785 .857 .857
RUS-1000 .707 .699 .744 .786 .767 .788
-----
MILITARY .692 .538 .615 .615 .615 .653
NASD-100 .69 .68 .69 .76 .74 .74
-----
GAMING .684 .578 .631 .842 .736 .736
CHEM .674 .651 .79 .744 .79 .813
SP500 .653 .627 .68 .719 .698 .719
-----
COMPUTER .65 .55 .65 .7 .6 .8
INDMATER .638 .583 .708 .75 .736 .777
FIDSTKS .633 .597 .662 .692 .656 .65
HACKERS .625 .625 .687 .687 .687 .687
RETAIL .595 .574 .638 .702 .765 .765
HOSPITAL .571 .571 .571 .571 .642 .714
OILGAS .571 .409 .466 .485 .4 .447
LOWPRICE .561 .564 .601 .627 .65 .659
GREEN .555 .722 .777 .888 .888 .888
FOOD .551 .448 .53 .571 .53 .551
SP-100 .544 .522 .566 .611 .588 .588
BIOTECH .534 .559 .613 .659 .642 .678
COMODITY .512 .41 .512 .564 .564 .564
===============================================================================================
COAL .5 .333 .333 .333 .333 .666
===============================================================================================
REGBANKS .48 .44 .56 .64 .56 .72
DOWJONES .466 .433 .5 .566 .5 .533
-----
GOLD .391 .413 .608 .76 .695 .782
SOLAR .375 .375 .5 .625 .687 .687
BEVERAGE .357 .428 .428 .5 .571 .571
DJI-13 .307 .307 .461 .461 .384 .384
MARIJUAN .2 .2 .1 .1 .2 .2
UTILITY .131 .105 .184 .421 .473 .447
|
===================================================================================
Friday - 5:53 - Futures: DJI -109 NASDAQ
-85 Data Used 2-9-2023:
| |
2-9-2023
|
|
| |
Today brought
a classic reversal day down, as the market opened nicely higher
but was soon on a broad
decline. The prospects of 5% short-term interest rates
are not letting the DJI
or FAS breakout. Within the DJI-30, it was a broad decline
as half of its 30 stocks fell
more than a point and now less than half are still above their
65-dma. This may cause
the DJI to decline below its immediate support at
33500. That will likely
cause it to fall to its lower 3.5% band, now at 32700.
Without new Peerless Sell
signals to reverse our Peerless Buys, we can not expect
a bigger decline.
Today it was the turn for
Professionals to "blink" in their three week standoff with the
overseas traders and the
Public. The steep Closing Power up-trends were broken
for most of the ETFs.
The odds now favor the Closing Powers testing their
rising 21-day ma. So,
more weakness may have to occur. It is not clear that
it will have much negative
effect on the Bullish MAXCPs and NVDA. But CAT
does show a bearish
head/shoulders pattern. Such patterns are reliably bearish with
CAT if the neckline is closed
below. A retesting by it of its 65-dma is expected.
The decline of Gold
stocks (see below) shows us that the FED has convinced
foreign exchange
traders that rates are going to go to at least 5% but that the
risk of a big decline
in the market has also dropped. Gold was once widely
used as a hedge against
a bear market. Its decline last spring with the market
sell-off makes us
wonder who would still buying it now that it has broken its
uptrend.
HD fell today, but as
you can see from our Tiger chart of Home-building stocks
which are in an
uptrend, the need for much more housing will likely keep the
builders busy for some
time. These stocks would be much weaker if a significant
bear market was coming
this way.
A short-term downtrend
probably is unfolding. But I think we should plan to
be aggressive buyers
when the DJI tests its lower 3% band. |
|
| |
Charts - 2/9/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90209.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/2-9-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/2-9-2023/BEARISH.htm
|
|
The DJI could not breakout and the A/D Line had broken its uptrend.
So now it must plumbing for support.
Support for DJI is now at 32500 and 33100.
Without any new automatic Sells, the lower 3% band should act as good support.
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
 |
 |
Table 1 - Volume and Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,172 |
3,180 |
3,213 |
| Advances |
807 |
1,009 |
2,197 |
| Declines |
2,253 |
2,045 |
914 |
| Unchanged |
112 |
126 |
102 |
| New
highs |
87 |
66 |
203 |
| New
lows |
10 |
6 |
5 |
| Adv.
volume* |
209,644,983 |
231,629,956 |
703,942,291 |
| Decl.
volume* |
674,580,955 |
568,195,050 |
382,313,251 |
| Total
volume* |
887,518,365 |
807,339,124 |
1,101,685,647 |
| Closing
Arms (TRIN)† |
1.07 |
1.02 |
1.23 |
| Block
trades* |
4,413 |
4,166 |
4,983 |
| Adv.
volume |
1,066,333,261 |
1,294,268,376 |
3,683,322,057 |
| Decl.
volume |
3,178,692,598 |
2,683,364,342 |
1,880,675,339 |
| Total
volume |
4,270,207,804 |
4,029,826,471 |
5,624,362,081 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,767 |
4,785 |
4,829 |
| Advances |
1,348 |
1,419 |
3,297 |
| Declines |
3,190 |
3,141 |
1,293 |
| Unchanged |
229 |
225 |
239 |
| New
highs |
93 |
100 |
199 |
| New
lows |
67 |
47 |
27 |
| Closing
Arms (TRIN)† |
1.07 |
1.05 |
0.63 |
| Block
trades |
38,336 |
33,782 |
47,031 |
| Adv.
volume |
1,553,537,385 |
1,506,920,076 |
5,602,121,508 |
| Decl.
volume |
3,933,489,976 |
3,513,337,901 |
1,378,372,555 |
| Total
volume |
5,536,290,050 |
5,052,872,994 |
7,038,212,637 |
|
Table 2 QUICKSILVER on ETFS - 2/9/2023 ---
Bullish = 6 (-7) COMPQX, QQQ, TECL, IWM, FAS, SOXL.
YINN (highest 0.871)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 337.08 -2.34 338.98 -49.3% ------- RED .176 0 =====
---------------------------------------------------------------------------------------------
COMPQX 11789.58 -120.94 12006.96 -171% ------- RED .26 .071 .331
---------------------------------------------------------------------------------------------
SPY 407.09 -3.56 412.35 -117.3% Bullish RED .192 .032 .224
---------------------------------------------------------------------------------------------
QQQ 301.68 -2.69 306.18 -163.4% ------- RED .241 .071 .312
---------------------------------------------------------------------------------------------
MDY 480.2 -5.86 493.92 -172.1% ------- RED .19 .052 .242
---------------------------------------------------------------------------------------------
IWM 189.93 -2.79 196.99 -214.5% ------- RED .26 .049 .309
---------------------------------------------------------------------------------------------
FAS 86.6 -3.26 88.65 -135.3% Bullish RED .248 .053 .301
---------------------------------------------------------------------------------------------
RETL 10.2 -.53 12.11 -1013.1% ------- RED .102 .137 .239
---------------------------------------------------------------------------------------------
SOXL 16.58 .09 16.93 -394% ------- RED .235 .405 .64
---------------------------------------------------------------------------------------------
TECL 31.28 -.48 31.84 -215.7% ------- RED .232 .19 .422
---------------------------------------------------------------------------------------------
IBB 132.4 -.93 136.59 -175.6% ------- RED .222 0 .222
---------------------------------------------------------------------------------------------
GLD 173.03 -1.38 173.46 -139.4% Bearish RED .124 .073 .197
---------------------------------------------------------------------------------------------
DBO 14.86 -.16 14.21 78.6% Bearish ---- .025 -.008 .017
---------------------------------------------------------------------------------------------
OIH 317.69 -11.32 315.68 59.7% ------- RED .086 .091 .177
---------------------------------------------------------------------------------------------
CPER 24.75 .18 24.56 -14.2% ------- RED .079 .145 .224
---------------------------------------------------------------------------------------------
TAN 76.4 -1.62 79.73 -333.3% Bearish RED .102 -.046 .056
---------------------------------------------------------------------------------------------
UUP 27.89 -.04 27.79 82.7% Bullish BLUE -.001 -.027 -.028
---------------------------------------------------------------------------------------------
CORN 26.34 -.27 26.58 -28.2% Bullish RED .042 -.007 .035
---------------------------------------------------------------------------------------------
WEAT 7.71 -.08 7.69 0% Bullish RED .159 -.02 .139
---------------------------------------------------------------------------------------------
YINN 58.33 3.14 58.82 -457.5% Bearish RED .151 .72 .871
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/9/23
Bullish = 37
Bearish = 12 incliding DJ-30
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 1 1
BONDFUND .908 .919 .896 .908 .908 .896
HOMEBLDG .888 .944 .944 .944 1 1
INFRA .878 .878 .909 .909 .939 .909
BIGBANKS .857 .857 .857 .857 .857 .857
======
JETS .846 .846 .846 .846 .846 .846
SEMI .829 .861 .893 .893 .904 .925
=====
SOFTWARE .821 .839 .857 .857 .857 .857
ETFS .818 .8 .818 .8 .872 .89
AUTO .811 .849 .83 .849 .849 .886
TRANSP .789 .842 .842 .842 .894 .894
ELECTRON .781 .819 .849 .857 .864 .864
CHINA .772 .795 .818 .818 .818 .818
NIFTY .75 .75 .818 .795 .818 .795
REIT .73 .838 .884 .892 .907 .93
HIGHPRIC .728 .771 .814 .793 .818 .836
INDEXES .724 .729 .756 .751 .745 .778
GREEN .722 .777 .888 .888 .888 .888
INSURANC .72 .88 .88 .8 .72 .68
FINANCE .712 .762 .737 .737 .762 .725
RUS-1000 .699 .744 .786 .767 .791 .82
====
NASD-100 .68 .69 .76 .74 .75 .82
====
CHEM .651 .79 .744 .79 .813 .813
GUNS .642 .785 .785 .857 .857 .857
SP500 .627 .68 .721 .694 .725 .76
====
HACKERS .625 .687 .687 .687 .687 .687
FIDSTKS .597 .662 .692 .656 .656 .733
INDMATER .583 .708 .75 .736 .777 .833
GAMING .578 .631 .789 .789 .736 .842
RETAIL .574 .638 .702 .765 .765 .808
HOSPITAL .571 .571 .571 .642 .714 .785
LOWPRICE .564 .604 .63 .65 .656 .679
BIOTECH .559 .61 .661 .642 .676 .684
COMPUTER .55 .65 .7 .6 .8 .8
MILITARY .538 .615 .615 .615 .653 .653
SP-100 .522 .566 .611 .588 .6 .622
------------------------------------------------------------------------------------------------
FOOD .448 .53 .551 .53 .551 .693
REGBANKS .44 .56 .64 .56 .72 .56
DOWJONES .433 .5 .566 .5 .533 .533
=====
BEVERAGE .428 .428 .5 .571 .571 .571
GOLD .413 .608 .76 .695 .782 .891
COMODITY .41 .512 .538 .564 .564 .692
OILGAS .409 .466 .485 .4 .438 .457
SOLAR .375 .5 .625 .687 .687 .812
COAL .333 .333 .333 .333 .666 .833
DJI-13 .307 .461 .461 .384 .384 .384
MARIJUAN .2 .1 .1 .2 .2 .5
UTILITY .105 .184 .421 .473 .447 .789
|
===================================================================================
Thursday - 5:40 - Futures: DJI +182 NASDAQ +129
Data Used 2-8-2023:
| |
2/8/2023
|
|
| |
The
up-opening this morning suggests that the three-week' war between the
Opening Power and the
Closing Power in the major ETFs may be resolved
finally with overseas
and public buyers capitulating to the Professionals,
Day-Traders and Big
Money. That would be in keeping with the bullish
seasonality of the
third year in the Presidential cycle and the multiple Peerless
Buy signals shown on
our DJI chart. Of course, we still need to see the
Closing Powers go still
higher today. And it would be bullish if SOXL and
FAS could score price
breakouts. But it sure looks like, once again,
Professionals'
bullishness has correctly over-ridden Public bearishness.
(That is a central
theme in our Closing Power studies and has occurred
a n umber of
times at important market bottoms.)
From the Bullish MAXCPs
we see a number for traders to buy. In Tables 2
and 3 below we see the
leaders now are semi-conductors and also certain
housing stocks.
NVDA keeps rising and it presents a minimum target above 255.
There seems little
point in selling short. There are just too few new lows. The
new lows are recovering
too quickly.
Note how the Bulls are
suggesting that Powell dovishly does not want any more
rate hikes soon.
But that battle within the FED is not over. The "hawks" are
not convinced that
inflation is contained, especially wages, with unemployment
do low.
This may keep the DJI from breaking out. The action now is expected
to be in the strongest
tech stocks. Ideally, they will have bulges of Accumulation
and their Closing
Powers and the Day Traders' Tool will be rising steeply now even
though the DJI has been
going sidewise. When you buy these leading stocks,
you can't walk away and
forget about them. See below how MODN formed its top
recently. |
|
| |
Charts - 2/8/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90208.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/2-8-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/2-8-2023/BEARISH.htm
|
|
Peerless internals remain quite positiv, matching multiple Peerless B uy signals.
 |
Day Traders have
joined Professionals in bullishness here.
 |
 |
 |
 |
 |
See how Day traders turned bearish
ahead of Professionals. H/S top marked top at end.
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,180 |
3,174 |
3,210 |
| Advances |
1,009 |
1,909 |
2,227 |
| Declines |
2,045 |
1,154 |
855 |
| Unchanged |
126 |
111 |
128 |
| New
highs |
66 |
85 |
177 |
| New
lows |
6 |
8 |
8 |
| Adv.
volume* |
231,629,956 |
583,612,732 |
699,495,958 |
| Decl.
volume* |
568,195,050 |
312,304,307 |
325,612,493 |
| Total
volume* |
807,339,124 |
903,159,697 |
1,037,449,413 |
| Closing
Arms (TRIN)† |
1.02 |
0.99 |
1.21 |
| Block
trades* |
4,166 |
4,357 |
5,071 |
| Adv.
volume |
1,294,268,376 |
2,700,045,339 |
3,283,160,285 |
| Decl.
volume |
2,683,364,342 |
1,620,767,045 |
1,525,217,133 |
| Total
volume |
4,029,826,471 |
4,355,866,857 |
4,856,937,878 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,785 |
4,747 |
4,828 |
| Advances |
1,419 |
2,641 |
3,147 |
| Declines |
3,141 |
1,862 |
1,428 |
| Unchanged |
225 |
244 |
253 |
| New
highs |
100 |
103 |
186 |
| New
lows |
47 |
43 |
34 |
| Closing
Arms (TRIN)† |
1.05 |
0.93 |
0.51 |
| Block
trades |
33,782 |
37,522 |
42,103 |
| Adv.
volume |
1,506,920,076 |
3,428,905,139 |
5,083,996,039 |
| Decl.
volume |
3,513,337,901 |
2,238,240,997 |
1,183,029,364 |
| Total
volume |
5,052,872,994 |
5,720,245,945 |
6,336,042,685 |
|
Table 2 QUICKSILVER on ETFS - 2/8/2023 ---
Bullish = 13 COMPQX, SPY, QQQ, MDY,TECL, IBB, IWM, FAS, RETL, SOXL.
GLD, OIH YINN (highest 0.81)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 339.42 -2.1 340.43 -21.3% Bullish RED .232 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11910.52 -203.27 12200.82 39.2% ------- RED .336 .073 .409
---------------------------------------------------------------------------------------------
SPY 410.65 -4.54 416.78 -1.8% Bullish RED .263 .033 .296
---------------------------------------------------------------------------------------------
QQQ 304.37 -5.51 311.72 56.3% ------- RED .303 .073 .376
---------------------------------------------------------------------------------------------
MDY 486.06 -5.86 497.12 -55.2% Bullish RED .253 .052 .305
---------------------------------------------------------------------------------------------
IWM 192.72 -2.86 198.32 -45.2% ------- RED .334 .05 .384
---------------------------------------------------------------------------------------------
FAS 89.86 -1.58 89.02 77.9% Bullish BLUE .302 .042 .344
---------------------------------------------------------------------------------------------
RETL 10.73 -.49 12.55 -348.6% ------- RED .219 .164 .383
---------------------------------------------------------------------------------------------
SOXL 16.49 -1.1 17.92 -90.8% ------- RED .3 .294 .594
---------------------------------------------------------------------------------------------
TECL 31.76 -1.2 32.66 246.3% ------- RED .287 .138 .425
---------------------------------------------------------------------------------------------
IBB 133.33 -2.99 137.17 -123.8% ------- RED .295 .008 .303
---------------------------------------------------------------------------------------------
GLD 174.41 .43 177.9 -206.1% ------- RED .176 .08 .256
---------------------------------------------------------------------------------------------
DBO 15.02 .18 14.63 89.2% Bearish ---- .001 .011 .012
---------------------------------------------------------------------------------------------
OIH 329.01 5.15 313.87 25.8% Bullish BLUE .163 .112 .275
---------------------------------------------------------------------------------------------
CPER 24.57 -.17 24.82 -175.3% ------- RED .1 .138 .238
---------------------------------------------------------------------------------------------
TAN 78.02 -.9 81.7 -286.6% ------- RED .192 -.042 .15
---------------------------------------------------------------------------------------------
UUP 27.93 .03 27.43 122.9% ------- ---- -.049 -.011 -.06
---------------------------------------------------------------------------------------------
CORN 26.61 .11 26.49 -15% Bullish BLUE .061 .011 .072
---------------------------------------------------------------------------------------------
WEAT 7.79 .12 7.71 45.5% Bullish BLUE .163 -.023 .14
---------------------------------------------------------------------------------------------
YINN 55.19 -2.28 63.66 -1023.3% ------- RED .204 .677 .881
|
Table 2 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/8/23
Bullish = 41
Bearish = 6
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 1 1
HOMEBLDG .944 .944 .944 1 1 .944
BONDFUND .919 .896 .908 .908 .908 .896
INSURANC .88 .88 .8 .72 .68 .8
INFRA .878 .909 .909 .939 .909 .969
SEMI .861 .893 .893 .904 .904 .893
=====
BIGBANKS .857 .857 .857 .857 .857 .857
AUTO .849 .849 .849 .849 .867 .905
JETS .846 .846 .846 .846 .846 .769
TRANSP .842 .842 .842 .894 .894 .894
SOFTWARE .839 .875 .857 .857 .857 .875
REIT .838 .876 .9 .915 .923 .907
ELECTRON .819 .849 .857 .864 .857 .857
ETFS .8 .818 .8 .872 .909 .89
CHINA .795 .818 .818 .818 .818 .818
CHEM .79 .744 .79 .813 .813 .813
GUNS .785 .785 .857 .857 .857 .857
GREEN .777 .888 .888 .888 .888 .833
HIGHPRIC .771 .814 .793 .818 .831 .857
FINANCE .762 .737 .737 .75 .725 .737
NIFTY .75 .818 .795 .818 .795 .818
RUS-1000 .744 .786 .767 .791 .821 .83
====
INDEXES .729 .756 .751 .745 .778 .772
INDMATER .708 .75 .736 .777 .833 .861
NASD-100 .69 .76 .74 .75 .82 .83
=====
HACKERS .687 .687 .687 .687 .687 .75
SP500 .68 .721 .696 .721 .762 .784
=====
FIDSTKS .662 .692 .656 .656 .727 .751
COMPUTER .65 .7 .6 .8 .8 .8
RETAIL .638 .702 .765 .765 .808 .723
GAMING .631 .789 .736 .789 .842 .789
MILITARY .615 .615 .615 .653 .653 .653
BIOTECH .61 .659 .644 .676 .673 .65
GOLD .608 .76 .695 .782 .891 .913
LOWPRICE .604 .633 .653 .656 .673 .647
HOSPITAL .571 .571 .642 .714 .785 .785
SP-100 .566 .611 .588 .6 .622 .633
REGBANKS .56 .64 .56 .72 .56 .48
FOOD .53 .551 .51 .551 .693 .693
COMODITY .512 .538 .538 .564 .692 .692
==========================================================================================
DOWJONES .5 .566 .5 .533 .533 .533
=====
SOLAR .5 .625 .687 .687 .812 .812
==========================================================================================
OILGAS .466 .485 .4 .438 .457 .523
DJI-13 .461 .461 .384 .384 .384 .384
BEVERAGE .428 .5 .571 .571 .571 .571
COAL .333 .333 .333 .666 .833 .666
UTILITY .184 .421 .473 .447 .815 .868
MARIJUAN .1 .1 .2 .2 .4 .4
|
===================================================================================
Wesdnesday - 5:57 - Futures: DJI -125 NASDAQ -47
Data Used 2-7-2023:
| |
2/7/2023
|
|
| |
The war between
bullish Professionals and bearish foreigners and the "public"
in our stock market is still to be
decided. Usually, the Professionals are proven correct
and emerge as winners. But in
our case, the outcome may depend on whether
you are talking about blue chips or
well-financed techs. Clearly, money is
coming out of dividend stocks to
buy potential growth tech stocks. That
may be the necessary outcome of the
FED increasing rates to 5% this Spring.
The nicely positive closings today
concealed the violently down, 500-DJI point,
intra-day air-pocket. These
are rare when Professionals really do have prices under
control. The same is true of
the bad NYSE data on 1/24. But Peerless is on
multiple Buys and an automatic
Peerless Sell will not easily be made at this point. But
note that the P-Indicator
(21-day ma of daily NYSE Advancers-Decliners) did break
its uptrend and a drop and closing
below the DJI's recent lows would not only break
a 4-month uptrendline and the A/D
Line, but complete a compact little head/shoulders
pattern on the DJI. So,
perhaps, despite today's rally, the DJI may still have to
drop back to its 3% lower band.
That does occur in 1/3 of the Februaries since
1931 in third years of the
Presidential cycle.
What's in the news that could cause
such a 4% drop in the DJI from here? Russian
battlefield successes against
Ukraine and new sabre-rattling by Putin towards
Poland? A political
stalemate over increasing the Federal debt limit.and a new
Federal budget? These
are only possibilities at this point and right now the stock
market, apart from the
defensive and blue chips, seems intent on bullishly "climbing
the wall of worry".
We saw more evidence today
that the steeply rising Closing Powers and
Tiger Day Traders'
(representing Professionals and Day Traders) are in control
for SPY, QQQ, the NASDAQ,
FAS, SOXL, IWM and MDY. It is mainly
defenisive (dividend-paying)
and blue-chips that would seem moderately
vulnernerable. Look at
the leading semi-conductors shown below: NVDA,
ACLS, TER and CRUS and LSCC
below. Each is running and powered by
very high Accumulation and
steeply rising Closing Powers and our Day Traders'
Tool. These stocks,
too, still show weak openings and a lack of Public buying, but
they are in
"strong hands" and have the aggressive support of Professionals,
big funds and day
traders. These quickest rising semi-conductors feature the
new wave, artificial
intelligence built into chips. They are speculative, sure, but
as long as they keep
advancing, and abide by their up-trends, it's hard to make
a case for a market
top. Keep in mind that this is the year that Congressional
politicians, no matter
what they say, want to keep constituents employed
and campaign
contributors happy. |
|
| |
Charts - 2/7/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
Semi Conductors
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90207.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs
http://www.tigersoftware.com/UPPING/2-7-2023/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/2-7-2023/BEARISH.htm |
|
Today. the P-Indicator uptrend
was broken. The A/D :Line remains intact.
 |
The converging Opening Power and Closing Power in DIA are at a standoff.
 |
Reflecting its tech and non-DJI components'
strength, the Closing Power pushed
SPY back to its recent high.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,174 |
3,217 |
3,209 |
| Advances |
1,909 |
774 |
2,636 |
| Declines |
1,154 |
2,333 |
478 |
| Unchanged |
111 |
110 |
95 |
| New
highs |
85 |
61 |
104 |
| New
lows |
8 |
12 |
4 |
| Adv.
volume* |
583,612,732 |
235,068,186 |
1,152,669,189 |
| Decl.
volume* |
312,304,307 |
590,685,219 |
122,350,026 |
| Total
volume* |
903,159,697 |
845,054,157 |
1,278,643,358 |
| Closing
Arms (TRIN)† |
0.99 |
0.71 |
0.61 |
| Block
trades* |
4,357 |
4,121 |
4,872 |
| Adv.
volume |
2,700,045,339 |
1,281,548,784 |
4,182,478,944 |
| Decl.
volume |
1,620,767,045 |
2,730,038,009 |
459,487,807 |
| Total
volume |
4,355,866,857 |
4,114,244,066 |
4,679,324,627 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,747 |
4,783 |
4,812 |
| Advances |
2,641 |
1,532 |
3,479 |
| Declines |
1,862 |
3,025 |
1,115 |
| Unchanged |
244 |
226 |
218 |
| New
highs |
103 |
91 |
134 |
| New
lows |
43 |
32 |
31 |
| Closing
Arms (TRIN)† |
0.93 |
0.71 |
0.87 |
| Block
trades |
37,522 |
42,264 |
41,942 |
| Adv.
volume |
3,428,905,139 |
2,293,115,865 |
4,407,516,789 |
| Decl.
volume |
2,238,240,997 |
3,207,488,935 |
1,235,909,604 |
| Total
volume |
5,720,245,945 |
5,538,355,498 |
5,695,153,586 |
|
Table 2
QUICKSILVER on ETFS - 2/7/2023 --- Bullish = 12 (+0) COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, SOXL. TECL. IBB
GLD, YINN (highest 0.81)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 341.52 3.04 340.87 10.1% Bullish BLUE .208 ---- ----
---------------------------------------------------------------------------------------------
COMPQX 12113.79 226.34 11816.32 222.4% Bullish BLUE .336 .075 .411
---------------------------------------------------------------------------------------------
SPY 415.19 5.36 410.8 105.9% Bullish BLUE .253 .033 .286
---------------------------------------------------------------------------------------------
QQQ 309.88 6.29 300.92 251.5% Bullish BLUE .314 .074 .388
---------------------------------------------------------------------------------------------
MDY 491.92 3.69 491.5 83.2% Bullish BLUE .247 .059 .306
---------------------------------------------------------------------------------------------
IWM 195.58 1.44 194.49 105.1% ------- BLUE .327 .057 .384
---------------------------------------------------------------------------------------------
FAS 91.44 3.22 88.47 175.1% Bullish BLUE .287 .062 .349
---------------------------------------------------------------------------------------------
RETL 11.22 -.16 11.55 270.7% ------- BLUE .185 .199 .384
---------------------------------------------------------------------------------------------
SOXL 17.59 1.49 16.8 932.9% ------- BLUE .285 .322 .607
---------------------------------------------------------------------------------------------
TECL 32.96 2.27 30.2 769.8% ------- BLUE .294 .149 .443
---------------------------------------------------------------------------------------------
IBB 136.32 .71 136.71 -8.4% ------- BLUE .255 .022 .277
---------------------------------------------------------------------------------------------
GLD 173.98 .16 181.67 -153.2% Bullish BLUE .151 .068 .219
---------------------------------------------------------------------------------------------
DBO 14.84 .4 14.76 -92.3% Bearish BLUE -.072 -.019 -.091
---------------------------------------------------------------------------------------------
OIH 323.86 7.3 327.36 -96.5% Bullish BLUE .099 .073 .172
---------------------------------------------------------------------------------------------
CPER 24.74 .21 25.44 -180% ------- BLUE .088 .128 .216
---------------------------------------------------------------------------------------------
TAN 78.92 -.24 82.63 -116.3% ------- RED .2 -.04 .16
---------------------------------------------------------------------------------------------
UUP 27.9 -.05 27.25 70.7% ------- RED -.048 -.023 -.071
---------------------------------------------------------------------------------------------
CORN 26.5 -.16 26.69 -15% Bullish RED .042 .005 .047
---------------------------------------------------------------------------------------------
WEAT 7.67 .03 7.72 -32.5% Bullish ---- .082 -.061 .021
---------------------------------------------------------------------------------------------
YINN 57.47 1.36 67.62 -489.9% Bearish RED .164 .646 .81
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/7/23
Bullish = 43
Bearish = 5
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 1 1
HOMEBLDG .944 .944 1 1 .944 .944
INFRA .909 .909 .939 .909 .969 .969
BONDFUND .896 .908 .908 .908 .919 .896
SEMI .893 .893 .904 .904 .882 .861
----
GREEN .888 .888 .888 .888 .833 .833
INSURANC .88 .8 .72 .68 .8 .96
REIT .876 .892 .923 .93 .9 .907
SOFTWARE .875 .875 .857 .857 .875 .839
BIGBANKS .857 .857 .857 .857 .857 .857
-----
AUTO .849 .867 .849 .867 .905 .867
ELECTRON .849 .857 .864 .857 .849 .812
JETS .846 .846 .846 .846 .769 .846
TRANSP .842 .842 .894 .894 .894 .789
CHINA .818 .818 .818 .818 .818 .795
ETFS .818 .8 .872 .909 .909 .89
NIFTY .818 .795 .818 .795 .818 .818
HIGHPRIC .814 .793 .818 .831 .857 .806
GAMING .789 .736 .736 .894 .789 .842
RUS-1000 .786 .767 .791 .821 .828 .804
-----
GUNS .785 .857 .857 .857 .857 .785
GOLD .76 .695 .782 .891 .913 .913
NASD-100 .76 .74 .75 .82 .83 .79
-----
INDEXES .756 .751 .745 .778 .772 .794
INDMATER .75 .736 .777 .833 .861 .833
CHEM .744 .79 .813 .813 .813 .79
FINANCE .737 .737 .75 .712 .737 .787
SP500 .721 .696 .723 .758 .786 .758
-----
RETAIL .702 .765 .765 .808 .723 .744
COMPUTER .7 .6 .8 .8 .8 .7
FIDSTKS .692 .656 .656 .727 .751 .745
HACKERS .687 .687 .687 .687 .75 .687
BIOTECH .659 .642 .678 .673 .65 .642
REGBANKS .64 .56 .72 .56 .48 .44
LOWPRICE .633 .656 .659 .673 .647 .621
SOLAR .625 .687 .687 .812 .812 .687
MILITARY .615 .615 .653 .653 .653 .615
SP-100 .611 .588 .6 .622 .633 .588
HOSPITAL .571 .642 .714 .785 .785 .642
DOWJONES .566 .5 .533 .533 .533 .533
-----
FOOD .551 .51 .53 .693 .693 .714
COMODITY .538 .538 .538 .692 .692 .717
================================================================================================
BEVERAGE .5 .571 .571 .571 .571 .571
================================================================================================
OILGAS .485 .4 .438 .457 .523 .6
DJI-13 .461 .384 .384 .384 .384 .461
UTILITY .421 .473 .447 .815 .868 .763
COAL .333 .333 .666 .833 .666 .666
MARIJUAN .1 .2 .2 .4 .4 .2
|
----------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------------------------------------------------------------------------
Tuesday - 6:07 AM - Futures: DJI -78 NASDAQ -16
Data Used 2-6-2023:
| |
2-6-2023
|
|
| |
Dullness in the DJI is reaching a point where we must expect a jump in
volatility. But
let's not short a dull market. There are still many more new highs
than lows and Peerless
remains on it Buys.
We have been trusting
the bullish seasonality, the rising A.D. Line, positive P-I and
Accumulation Indicators
and the usual bullishness of the beginning of third years
in the four year
Presidential cycle, but Jerome Powell, the Fed Chairman gives a
speech in Washington at
mid-day. Are Professionals really informed in advance
here and will they be
correct in betting on Powell not acting too "hawkishness"?
I looked back at the
seasonality of the third year Februaries since 1931, rather
than only to 1967.
I found 8 February tops in these years. That's in 23 total cases.
In 1931, 1935 and 1947,
the tops brought declines of 10% of more. But since 1971,
there have been only 2
February tops. In 2007, the top sent the DJI to the 3%
lower band and in 2019
to the lower 2% band. So, like I said yesterday, we thus
might expect a
limited decline below the 21-day ma. And that should bring a
Buy B9. Right?
Well, if Powell turns
"hawkish" tomorrow, that will almost certainly be bad for
breadth and that will break
the uptrend of the NYSE A/D Line. In addition,
if Powell talks like a haw
tomorrow, that will probably break the price uptrend-line
for the DJI going back to the
start of October. Such breaks would add to the decline.
So, a DJI decline to the
lower 3% band would then become likely. We might even
get a Sell S4 if the
IP21-Accum.Index falls below its 21-day ma, But the lower
band should bring in new
Peerless Buys.
At that point, there should
be support again for the market, but it will probably
favor the stocks and ETFs
that have been most resistant to the decline. We still
have up-trends in our Closing
Powers and TTTs for the strongest techs. So, they
would again be favored.
But for now, I would expect
Powell to elegantly equivocate and talk like a "two-
handed" economist.
If so, look for another rebound. |
|
| |
Charts - 2/6/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90206.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/2-6-2023/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/2-6-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Daily Breadth and Volume Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,217 |
3,180 |
3,212 |
| Advances |
774 |
837 |
981 |
| Declines |
2,333 |
2,248 |
2,092 |
| Unchanged |
110 |
95 |
139 |
| New
highs |
61 |
121 |
64 |
| New
lows |
12 |
4 |
8 |
| Adv.
volume* |
235,068,186 |
236,306,245 |
182,240,398 |
| Decl.
volume* |
590,685,219 |
723,354,338 |
593,156,391 |
| Total
volume* |
845,054,157 |
975,003,578 |
787,069,534 |
| Closing
Arms (TRIN)† |
0.71 |
1.07 |
1.29 |
| Block
trades* |
4,121 |
4,845 |
4,082 |
| Adv.
volume |
1,281,548,784 |
1,185,075,029 |
994,261,359 |
| Decl.
volume |
2,730,038,009 |
3,419,334,522 |
2,740,467,635 |
| Total
volume |
4,114,244,066 |
4,694,517,247 |
3,802,006,926 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,783 |
4,811 |
4,843 |
| Advances |
1,532 |
1,719 |
1,505 |
| Declines |
3,025 |
2,858 |
3,121 |
| Unchanged |
226 |
234 |
217 |
| New
highs |
91 |
142 |
89 |
| New
lows |
32 |
24 |
20 |
| Closing
Arms (TRIN)† |
0.71 |
0.90 |
1.19 |
| Block
trades |
42,264 |
39,814 |
37,690 |
| Adv.
volume |
2,293,115,865 |
2,366,109,149 |
1,462,616,744 |
| Decl.
volume |
3,207,488,935 |
3,543,265,996 |
3,605,075,728 |
| Total
volume |
5,538,355,498 |
5,954,499,933 |
5,122,326,100 |
|
Table 2
Table 2 QUICKSILVER on ETFS - 2/6/2023 ---
Bullish = 12 (+0) COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, SOXL. TECL. IBB
GLD, YINN (highest 0.856)
Bearish = 1 DBO (UUP)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 338.48 -.5 340.83 20.9% Bullish BLUE .208 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11887.45 -119.51 11584.55 209.2% Bullish RED .334 .071 .405
---------------------------------------------------------------------------------------------
SPY 409.83 -2.52 406.48 112.8% Bullish BLUE .261 .032 .293
---------------------------------------------------------------------------------------------
QQQ 303.59 -2.59 294.62 221.5% Bullish BLUE .311 .069 .38
---------------------------------------------------------------------------------------------
MDY 488.23 -5.69 483.75 162.6% Bullish RED .241 .058 .299
---------------------------------------------------------------------------------------------
IWM 194.14 -2.85 191.48 185.9% Bullish RED .323 .058 .381
---------------------------------------------------------------------------------------------
FAS 88.22 -.43 88.34 176.9% Bullish BLUE .29 .042 .332
---------------------------------------------------------------------------------------------
RETL 11.38 -.73 10.59 711.5% ------- RED .183 .24 .423
---------------------------------------------------------------------------------------------
SOXL 16.1 -.83 14.52 719% ------- ---- .289 .255 .544
---------------------------------------------------------------------------------------------
TECL 30.69 -1.15 28.23 596.5% ------- RED .286 .104 .39
---------------------------------------------------------------------------------------------
IBB 135.61 -.98 136.55 29.7% ------- RED .229 .019 .248
---------------------------------------------------------------------------------------------
GLD 173.82 .36 179.41 -138.6% Bullish RED .219 .08 .299
---------------------------------------------------------------------------------------------
DBO 14.44 .23 15.11 -142.7% Bearish BLUE -.153 -.084 -.237
---------------------------------------------------------------------------------------------
OIH 316.56 .88 330.05 -102.6% Bullish RED .079 .029 .108
---------------------------------------------------------------------------------------------
CPER 24.53 -.03 25.64 -166.9% ------- ---- .099 .129 .228
---------------------------------------------------------------------------------------------
TAN 79.16 -.57 80.8 58.3% ------- BLUE .208 -.021 .187
---------------------------------------------------------------------------------------------
UUP 27.95 .16 27.51 69.1% ------- ---- -.088 -.025 -.113
---------------------------------------------------------------------------------------------
CORN 26.66 .08 26.58 15% Bullish BLUE .028 .023 .051
---------------------------------------------------------------------------------------------
WEAT 7.64 -.05 7.72 19.5% Bullish RED .047 -.058 -.011
---------------------------------------------------------------------------------------------
YINN 56.11 -2.71 63.54 -666.9% ------- BLUE .183 .673 .856
|
Table 3
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/6/23
Bullish = 43
Bearish = 5
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 1 1
HOMEBLDG .944 1 1 .944 .944 .833
====
INFRA .909 .939 .909 .969 1 .939
BONDFUND .908 .908 .908 .919 .908 .896
SEMI .893 .904 .904 .882 .861 .819
=====
REIT .892 .915 .938 .907 .9 .815
GREEN .888 .888 .888 .833 .833 .666
SOFTWARE .875 .875 .857 .875 .839 .696
AUTO .867 .867 .867 .905 .867 .754
BIGBANKS .857 .857 .857 .857 .857 .714
ELECTRON .857 .864 .857 .849 .812 .774
GUNS .857 .857 .857 .857 .785 .785
JETS .846 .846 .846 .769 .846 .769
TRANSP .842 .894 .894 .894 .789 .526
CHINA .818 .818 .818 .818 .795 .772
ETFS .8 .872 .909 .909 .909 .872
INSURANC .8 .72 .68 .8 .96 .8
NIFTY .795 .818 .795 .818 .818 .75
HIGHPRIC .793 .818 .831 .857 .81 .719
CHEM .79 .813 .813 .813 .79 .72
RUS-1000 .767 .791 .821 .828 .806 .726
=====
RETAIL .765 .765 .808 .723 .723 .617
INDEXES .751 .745 .778 .772 .794 .778
NASD-100 .74 .75 .82 .83 .79 .71
====
FINANCE .737 .75 .712 .725 .787 .675
GAMING .736 .736 .842 .842 .842 .789
INDMATER .736 .777 .833 .861 .833 .805
SP500 .696 .723 .76 .782 .764 .68
=====
GOLD .695 .782 .891 .913 .913 .934
HACKERS .687 .687 .687 .75 .687 .562
SOLAR .687 .687 .812 .812 .687 .687
FIDSTKS .656 .656 .727 .751 .745 .686
LOWPRICE .656 .661 .676 .647 .621 .607
BIOTECH .642 .676 .676 .65 .636 .59
HOSPITAL .642 .714 .785 .785 .642 .571
MILITARY .615 .653 .653 .653 .615 .653
COMPUTER .6 .8 .8 .8 .7 .6
SP-100 .588 .6 .622 .633 .6 .511
BEVERAGE .571 .571 .571 .571 .571 .428
REGBANKS .56 .72 .56 .48 .48 .32
COMODITY .538 .538 .666 .692 .717 .666
FOOD .51 .53 .673 .693 .714 .673
===========================================================================================
DOWJONES .5 .533 .533 .533 .566 .5
===========================================================================================
UTILITY .473 .447 .815 .868 .789 .605
OILGAS .4 .438 .457 .523 .6 .542
DJI-13 .384 .384 .384 .384 .461 .384
COAL .333 .666 .833 .666 .666 .666
MARIJUAN .2 .2 .4 .4 .2 .1
|
===================================================================================
Monday - 5:58 AM - Futures: DJI -153 NASDAQ -106
Data Used 2-3-2023:
| |
2-3-2023
|
|
| |
Peerless remain on
its Buys. The key indicators on the Peerless DJI chart
are all in up-trends. But we
can see from the charts of the key ETFs below
that a trading war has broken out
between the openings and the closining.
The former as measured by our
Opening Powers are all falling and show
declining 21-dma's. The
latter, using our Closing Powers, are all rising.
We can distinguish somewhat who is
doing the selling and who is doing the
buying. The weak
Opening Powers usually mean overseas selling and
public selling from the US.
We do know precious metals were very weak
and the Dollar very strong
after the strongly positive Jobs Report came out
on Friday. Such action
more often than not, represents a knee-jerk, quick
jump in the expectations
overseas of higher interest rates in the US.
But that may not be bearish.
Since last October the stock market has
generally risen as short-term
rates have risen. Perhaps because the 10-year
rates have fallen,
Professionals in the US see the rate hikes as coming
to an end this year and
without killing the economy. The "soft landing"
scenario was mentioned
prominently on CNN today by one of its former
doubters, Larry Summers
of Harvard and a close friend of Wall Street.
The Closing Powers of all the
key ETFs reflect this hope and they are
all rising.
Interestingly, Professional
Day traders are also still bullish. Look below
at our Tiger Day Traders'
Tool for the key ETFs, as well as HD and NVDA.
And both of these show strong
OBV Lines, too. We watch the TTT Indicator
to see whether day traders
perceive more upside potential each day than
downside risk. Often
trend-breaks, non-confirmations and head/shoulders
patterns in this indicator
tell us when a short-term to intermediate-term move
is up. As I say, there are
mostly bullish, though DIA's is noticeably lagging.
Seasonality turns bullish in
a few days. Seasonality here means the probability
of the DJI rallying
historically after February 5th in the third years of the
four year Presidential cycle:
From 1967...1971...1975 to the 2019, the DJI
has risen 60% of the time
over the next week, 73.3% of the time over the
next two weeks and month.
Then it goes up faster, rising 87% of the time
over the next two months and
100% of the time over the next 3 months.
Peerless also relies on
breadth. Any 2.5% decline in the DJI is almost
certainly going to render a
Buy B9. Accordingly, I would ride out the
current pullback and plan to
do more buying if the DJI retreats to its 2%
lower band. I take the
weakness in Gold and Oil (see Bearish MINCPs)
to be a sign that the Fed
will be able to claim victory over Inflation by
the end of the year, though
not in all areas, most noticeably some food
commodities, rents and
housing costs. But that may be where HD and
home-building stocks should
assert themselves as strong Buys. |
|
| |
Charts - 2/3/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90203.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/2-3-2023/BULLISH.htm
Bearish MINCPs
http://www.tigersoftware.com/Downing/2-3-2023/BEARISH.htm |
|
|
DJI's Day Traders' Tool is Lagging
|
 |
 |
 |
 |
 |
 |
Table 1 - Volume and Breadth Statistics
| NYSE |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
3,180 |
3,213 |
3,222 |
| Advances |
837 |
2,197 |
1,798 |
| Declines |
2,248 |
914 |
1,278 |
| Unchanged |
95 |
102 |
146 |
| New
highs |
121 |
203 |
115 |
| New
lows |
4 |
5 |
6 |
| Adv.
volume* |
236,306,245 |
703,942,291 |
435,803,257 |
| Decl.
volume* |
723,354,338 |
382,313,251 |
313,816,899 |
| Total
volume* |
975,003,578 |
1,101,685,647 |
758,921,396 |
| Closing
Arms (TRIN)† |
1.07 |
1.23 |
0.95 |
| Block
trades* |
4,845 |
4,983 |
4,218 |
| Adv.
volume |
1,185,075,029 |
3,683,322,057 |
2,299,090,440 |
| Decl.
volume |
3,419,334,522 |
1,880,675,339 |
1,547,972,754 |
| Total
volume |
4,694,517,247 |
5,624,362,081 |
3,907,768,147 |
| NASDAQ |
Latest Close |
Previous
Close |
Week Ago |
| Issues
traded |
4,811 |
4,829 |
4,742 |
| Advances |
1,719 |
3,297 |
2,584 |
| Declines |
2,858 |
1,293 |
1,927 |
| Unchanged |
234 |
239 |
231 |
| New
highs |
142 |
199 |
126 |
| New
lows |
24 |
27 |
40 |
| Closing
Arms (TRIN)† |
0.90 |
0.63 |
0.65 |
| Block
trades |
39,814 |
47,031 |
50,253 |
| Adv.
volume |
2,366,109,149 |
5,602,121,508 |
4,147,382,435 |
| Decl.
volume |
3,543,265,996 |
1,378,372,555 |
2,023,032,921 |
| Total
volume |
5,954,499,933 |
7,038,212,637 |
6,243,808,988 |
|
Table 2 QUICKSILVER on ETFS - 2/3/2023 ---
Bullish = 12 (+0)COMPQX, SPY, QQQ, MDY,IWM, FAS, RETL, SOXL. TECL. IBB
GLD, YINN (highest 0.874)
Bearish = 2 DBO and Dollar (UUP)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 338.98 -1.45 337.06 -9.3% Bullish BLUE .182 ----- ---- .
---------------------------------------------------------------------------------------------
COMPQX 12006.96 -193.86 11393.81 164.3% Bullish BLUE .309 .083 .392
---------------------------------------------------------------------------------------------
SPY 412.35 -4.43 400.59 81.7% Bullish BLUE .229 .039 .268
---------------------------------------------------------------------------------------------
QQQ 306.18 -5.54 290.27 166% Bullish BLUE .287 .08 .367
---------------------------------------------------------------------------------------------
MDY 493.92 -3.2 472.37 167.9% Bullish BLUE .272 .074 .346
---------------------------------------------------------------------------------------------
IWM 196.99 -1.33 186.94 192.8% Bullish BLUE .345 .072 .417
---------------------------------------------------------------------------------------------
FAS 88.65 -.37 85.11 136.7% Bullish BLUE .275 .066 .341
---------------------------------------------------------------------------------------------
RETL 12.11 -.44 9.77 982.9% ------- BLUE .229 .409 .638
---------------------------------------------------------------------------------------------
SOXL 16.93 -.99 13.8 624.8% ------- BLUE .274 .418 .692
---------------------------------------------------------------------------------------------
TECL 31.84 -.82 27.11 530.9% Bullish BLUE .271 .198 .469
---------------------------------------------------------------------------------------------
IBB 136.59 -.58 134.8 -23.4% ------- RED .274 .021 .295
---------------------------------------------------------------------------------------------
GLD 173.46 -4.44 178.76 -160.5% Bullish RED .237 .066 .303
---------------------------------------------------------------------------------------------
DBO 14.21 -.42 14.86 -305.5% Bearish RED -.204 -.097 -.301
---------------------------------------------------------------------------------------------
OIH 315.68 1.81 323.17 -158.3% Bullish BLUE .089 .044 .133
---------------------------------------------------------------------------------------------
CPER 24.56 -.26 25.37 -208.8% ------- RED .086 .131 .217
---------------------------------------------------------------------------------------------
TAN 79.73 -1.97 78.22 -26% ------- RED .169 -.019 .15
---------------------------------------------------------------------------------------------
UUP 27.79 .36 27.57 58.3% Bearish BLUE -.076 -.049 -.125
---------------------------------------------------------------------------------------------
CORN 26.58 .09 26.58 7.5% Bullish BLUE .005 .003 .008
---------------------------------------------------------------------------------------------
WEAT 7.69 -.02 7.61 65.2% Bullish ---- .074 -.071 .003
---------------------------------------------------------------------------------------------
YINN 58.82 -4.84 64.6 -1041.2% ------- RED .186 .688 .874
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/3/23
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 1 .833
HOMEBLDG 1 1 .944 .944 .833 .888
INFRA .939 .909 .969 1 .939 .939
REIT .915 .93 .915 .907 .807 .907
BONDFUND .908 .908 .919 .908 .908 .896
SEMI .904 .904 .882 .861 .808 .84
-----
TRANSP .894 .894 .894 .789 .526 .684
GREEN .888 .888 .833 .833 .666 .722
SOFTWARE .875 .875 .875 .839 .696 .821
ETFS .872 .909 .909 .909 .89 .89
AUTO .867 .886 .905 .867 .754 .886
ELECTRON .864 .857 .849 .812 .766 .781
BIGBANKS .857 .857 .857 .857 .714 .714
-----
GUNS .857 .857 .857 .785 .785 .785
JETS .846 .846 .769 .846 .769 .846
CHINA .818 .818 .818 .795 .772 .795
HIGHPRIC .818 .831 .857 .81 .724 .793
NIFTY .818 .795 .818 .818 .75 .818
CHEM .813 .813 .813 .79 .72 .697
COMPUTER .8 .8 .8 .7 .6 .7
RUS-1000 .791 .821 .828 .806 .729 .781
-----
GOLD .782 .891 .913 .913 .934 .934
INDMATER .777 .833 .861 .833 .805 .791
RETAIL .765 .808 .723 .723 .638 .702
FINANCE .75 .712 .725 .775 .675 .675
NASD-100 .75 .82 .83 .79 .72 .79
-----
INDEXES .745 .778 .772 .794 .778 .789
GAMING .736 .842 .789 .894 .789 .894
SP500 .723 .76 .784 .76 .688 .745
-----
INSURANC .72 .68 .8 .96 .84 .8
REGBANKS .72 .56 .48 .48 .32 .32
HOSPITAL .714 .785 .785 .642 .571 .571
HACKERS .687 .687 .75 .687 .562 .75
SOLAR .687 .812 .812 .687 .687 .687
BIOTECH .676 .673 .653 .636 .588 .639
COAL .666 .833 .666 .666 .666 .333
LOWPRICE .661 .679 .65 .621 .607 .607
FIDSTKS .656 .727 .751 .745 .686 .757
MILITARY .653 .653 .653 .615 .653 .615
SP-100 .6 .622 .633 .6 .522 .611
BEVERAGE .571 .571 .571 .571 .428 .5
COMODITY .538 .666 .666 .717 .666 .666
DOWJONES .533 .533 .533 .566 .5 .566
-----
FOOD .53 .673 .673 .714 .673 .673
================================================================================================
UTILITY .447 .815 .868 .789 .605 .657
OILGAS .438 .457 .523 .6 .542 .657
DJI-13 .384 .384 .384 .461 .384 .538
MARIJUAN .2 .4 .4 .2 .1 .1
|
====================================================================================
Friday - 6:00 AM - Futures: DJI -67 NASDAQ -106
Data Used:
| |
2/2/2023
DJIA 34053.94
-.011%
S&P 500 4179.76
+ 1.47%
NASDAQ
12200.82 + 3.25% |
|
| |
The strong advances of the NASDAQ,
semi-conductors, QQQ and housing stocks
look like they will be interrupted by some profit-taking that is
typical of Fridays in
bull markets. Are we really in a new bull market?
Usually interest rates have to be
falling for that and most often we see bulge-new highs from both
the P-Indicator and the
Accumulation Index on the DJI. At present, rates are still
rising and we do not see
a new high by the Accumulation Index on our DJI chart. In
addition, FAS, the
big financials' ETF has not yet made a breakout above its flat,
well-tested resistance.
Nor has the DJI or IWM (Russell-2000).
But Peerless remains on multiple Buys; the NYSE A/D Line is
shooting upwards as
are the key ETF's Closing Power. And look again at Tables
1-3. The ratio of new
highs to new lows is 402/32, well above a bullish 10:1.
Table 2 finds nearly all the
major equity ETFs rated "bullish" (IP21 + ITRS) >
+.25. And in Table 3,
only 3 of the 49 stock groups have less than 50% of their
components below the
support of their 65-dma.
The high Accumulation (>+.35) "bullish MAXCPs"
are quite numerous. I would just
allow them to run and show why they are under so much
Accumulation even though
the FED is likely to raise rates more in the months ahead.
As bulls, we do not want
to see the DJI continue to slide. But that may depend on
UNH, the DJI's most
weighty component. It dropped 26 points today, thus pulling
the DJI down 160 just
by itself.
Note the bullish seasonality after February 2nd in third years of
the 4-year cycle.
After the next 21 trading days, the DJI is higher 67% of the time
going back to
1967 and higher 93.3% of the time looking ahead two months. |
|
| |
Charts - 2/2/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90202.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/2-2-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/2-2-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
At resistance
 |
At resistance
 |
 |
 |
 |
 |
 |
Table 1 - Breadth and Volume Statistics
| NYSE |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
3,213 |
3,210 |
3,201 |
| Advances |
2,197 |
2,227 |
2,116 |
| Declines |
914 |
855 |
961 |
| Unchanged |
102 |
128 |
124 |
| New
highs |
203 |
177 |
117 |
| New
lows |
5 |
8 |
11 |
| Adv.
volume* |
703,942,291 |
699,495,958 |
503,185,532 |
| Decl.
volume* |
382,313,251 |
325,612,493 |
258,274,545 |
| Total
volume* |
1,101,685,647 |
1,037,449,413 |
773,304,402 |
| Closing
Arms (TRIN)† |
1.23 |
1.21 |
1.16 |
| Block
trades* |
4,983 |
5,071 |
4,045 |
| Adv.
volume |
3,683,322,057 |
3,283,160,285 |
2,453,695,268 |
| Decl.
volume |
1,880,675,339 |
1,525,217,133 |
1,291,411,386 |
| Total
volume |
5,624,362,081 |
4,856,937,878 |
3,809,598,171 |
| NASDAQ |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
4,829 |
4,828 |
4,804 |
| Advances |
3,297 |
3,147 |
2,699 |
| Declines |
1,293 |
1,428 |
1,863 |
| Unchanged |
239 |
253 |
242 |
| New
highs |
199 |
186 |
122 |
| New
lows |
27 |
34 |
42 |
| Closing
Arms (TRIN)† |
0.63 |
0.51 |
0.96 |
| Block
trades |
47,031 |
42,103 |
49,844 |
| Adv.
volume |
5,602,121,508 |
5,083,996,039 |
3,394,122,958 |
| Decl.
volume |
1,378,372,555 |
1,183,029,364 |
2,253,028,273 |
| Total
volume |
7,038,212,637 |
6,336,042,685 |
5,732,893,50 |
|
Table 2 QUICKSILVER on ETFS - 2/2/2023 ---
Bullish = 12 (+0) COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, SOXL. TECL. IBB
GLD, YINN (highest 0.951)
Bearish = 2 DBO and Dollar (UUP)
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 340.43 -.44 339.61 15.8% Bullish RED .235 0 ----
---------------------------------------------------------------------------------------------
COMPQX 12200.82 384.5 11621.71 297.1% Bullish BLUE .366 .086 .452
---------------------------------------------------------------------------------------------
SPY 416.78 5.98 405.68 148.3% Bullish BLUE .274 .043 .317
---------------------------------------------------------------------------------------------
QQQ 311.72 10.8 296.26 311.4% Bullish BLUE .351 .085 .436
---------------------------------------------------------------------------------------------
MDY 497.12 5.62 477.65 221.7% Bullish BLUE .324 .076 .4
---------------------------------------------------------------------------------------------
IWM 198.32 3.83 189.58 256.6% Bullish BLUE .364 .07 .434
---------------------------------------------------------------------------------------------
FAS 89.02 .55 86.26 158.8% Bullish RED .289 .077 .366
---------------------------------------------------------------------------------------------
RETL 12.55 1 9.97 1478.9% ------- BLUE .298 .433 .731
---------------------------------------------------------------------------------------------
SOXL 17.92 1.12 14.98 889.3% ------- BLUE .319 .426 .745
---------------------------------------------------------------------------------------------
TECL 32.66 2.46 28.72 748.3% Bullish BLUE .31 .184 .494
---------------------------------------------------------------------------------------------
IBB 137.17 .46 137.23 .4% ------- BLUE .336 .017 .353
---------------------------------------------------------------------------------------------
GLD 177.9 -3.77 179.22 -43.7% Bullish RED .343 .084 .427
---------------------------------------------------------------------------------------------
DBO 14.63 -.13 15.12 -259.1% Bearish RED -.174 -.077 -.251
---------------------------------------------------------------------------------------------
OIH 313.87 -13.49 325.94 -238.7% Bullish RED .143 .009 .152
---------------------------------------------------------------------------------------------
CPER 24.82 -.62 25.62 -222.6% Bullish RED .091 .121 .212
---------------------------------------------------------------------------------------------
TAN 81.7 -.93 80.15 138.3% ------- RED .217 -.007 .21
---------------------------------------------------------------------------------------------
UUP 27.43 .18 27.47 0% Bearish BLUE -.195 -.057 -.252
---------------------------------------------------------------------------------------------
CORN 26.49 -.2 26.54 -16.9% Bullish RED -.05 -.011 -.061
---------------------------------------------------------------------------------------------
WEAT 7.71 -.01 7.59 65.4% Bullish RED .037 -.077 -.04
---------------------------------------------------------------------------------------------
YINN 63.66 -3.96 72.65 -683.9% ------- RED .309 .738 1.047
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/2/23
Bullish = 46
Bearish = 3
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 .833 1
HOMEBLDG 1 .944 .944 .833 .888 .833
====
REIT .93 .907 .915 .815 .9 .815
ETFS .909 .909 .909 .89 .89 .909
INFRA .909 .969 1 .939 .939 .969
BONDFUND .908 .919 .908 .908 .908 .896
SEMI .904 .882 .861 .808 .829 .872
====
TRANSP .894 .894 .789 .526 .684 .631
GOLD .891 .913 .913 .934 .934 .913
GREEN .888 .833 .833 .666 .722 .777
AUTO .886 .924 .867 .754 .886 .735
SOFTWARE .875 .892 .839 .696 .821 .857
BIGBANKS .857 .857 .857 .714 .714 .714
ELECTRON .857 .849 .812 .766 .774 .827
GUNS .857 .857 .785 .785 .785 .785
JETS .846 .769 .846 .769 .846 .846
GAMING .842 .789 .842 .842 .842 .842
COAL .833 .666 .666 .666 .5 .5
INDMATER .833 .861 .833 .805 .791 .819
HIGHPRIC .831 .857 .81 .724 .793 .797
RUS-1000 .821 .828 .806 .729 .779 .767
=====
NASD-100 .82 .83 .79 .72 .79 .78
=====
CHINA .818 .818 .795 .772 .795 .795
UTILITY .815 .868 .789 .605 .684 .684
CHEM .813 .813 .79 .72 .697 .697
SOLAR .812 .812 .687 .687 .687 .687
RETAIL .808 .723 .723 .638 .68 .659
COMPUTER .8 .8 .7 .6 .7 .8
NIFTY .795 .818 .818 .75 .818 .795
HOSPITAL .785 .785 .642 .571 .571 .571
INDEXES .778 .772 .794 .778 .789 .778
SP500 .76 .784 .762 .684 .75 .733
=====
FIDSTKS .727 .751 .745 .686 .757 .745
FINANCE .712 .725 .775 .662 .675 .7
HACKERS .687 .75 .687 .562 .75 .687
INSURANC .68 .8 .96 .84 .8 .88
LOWPRICE .679 .653 .624 .607 .61 .598
BIOTECH .673 .65 .639 .588 .636 .619
FOOD .673 .673 .693 .673 .693 .755
COMODITY .666 .666 .692 .666 .692 .743
MILITARY .653 .653 .615 .653 .615 .615
SP-100 .622 .633 .6 .522 .622 .577
BEVERAGE .571 .571 .571 .428 .5 .571
REGBANKS .56 .48 .48 .32 .32 .28
DOWJONES .533 .533 .566 .5 .566 .566
=====================================================================================================
OILGAS .457 .523 .6 .542 .666 .685
MARIJUAN .4 .4 .2 .1 .1 .1
DJI-13 .384 .384 .461 .384 .538 .461
|
====================================================================================
Thursday - 5:50 AM - Futures: DJI -105 NASDAQ +150 Data
Used: 2/1/2022
| |
The FED today
surprised no one by raising rates by 1/4%. But what did boost
the market was FED Chairman
Powell's optimism that the corner has been
turned and inflation looks
like it is under control. It is that sentiment that
sent many tech stocks,
semi-conductors, home builders and retailers soaring.
On the other hand, leading
biotechs like AMGN lagged. Money seems to
be running from defensive
stocks and the non-tech blue chips to play the
turn-around techs.
Such a re-prioritization of
portfolios shows new investor confidence and so
tends to be a bullish
development. What is also bullish are our Peerless
buy signals on the DJI,
seasonality and the results in Tables 2 and 3 below.
Table 2 shows twelve of the
major ETFs now have a sum of their IP21 (current
Accumulation) and ITRS
(50-day relative strength versus he DJI) to be above
a total of +.25, which we
consider "bullish". Table 3 shows that nearly all of
our stock groupings have a
majority of their components above their 65-dma.
But what is most surprising
is how much more bullish Wall Street Professionals are
than those that trade before
or at the NYSE opening. This latter group are more often
overseas buyers and the
public, who tend to be wrong at significant turning
points. Nearly all of
the main ETF show this pattern of a falling Opening
Power trend and a steeply
rising Closing Power. This is a bullish divergence
mentioned in all our studies
of Closing Power. The degree of the divergence
now is probably
unprecedented. Look at FAS, in particular below. Our
interpretation here is that
the big banks' traders know the thoughts of FOMC
members way ahead of the
members of the Public and they use that to their
firms' advantage in trading
time and time again.
Watch for a change in this
bullish divergence. First will be higher openings as
the "Public" and
"overseas buyers" come board. At some point after that
we will see red candle-sticks
as Professionals take profits. We will sell when
the Closing Power uptrends
are violated and when the DJI reaches its upper
band and the NYSE A/D Line
(which is now in a steep uptrend) fails to
confirm a new high.
Notice that there are lots of
Bull Maxcps and new highs to pick from. But there
are no bearish MINCPs now,
except the negative leveraged ETFs. Avoid the
short side, own CAT and NVDA
as well as some of the bullish MAXCPs
showing very high current
Accumulation and high relative strength. |
|
| |
Charts - 2/1/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90201.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/2-1-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/2-1-2023/BEARISH.htm
|
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth and Volume Statistics
| NYSE |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
3,210 |
3,209 |
3,219 |
| Advances |
2,227 |
2,636 |
1,655 |
| Declines |
855 |
478 |
1,400 |
| Unchanged |
128 |
95 |
164 |
| New
highs |
177 |
104 |
70 |
| New
lows |
8 |
4 |
13 |
| Adv.
volume* |
699,495,958 |
1,152,669,189 |
462,387,630 |
| Decl.
volume* |
325,612,493 |
122,350,026 |
287,560,014 |
| Total
volume* |
1,037,449,413 |
1,278,643,358 |
765,648,597 |
| Closing
Arms (TRIN)† |
1.21 |
0.61 |
0.74 |
| Block
trades* |
5,071 |
4,872 |
4,083 |
| Adv.
volume |
3,283,160,285 |
4,182,478,944 |
2,224,511,315 |
| Decl.
volume |
1,525,217,133 |
459,487,807 |
1,397,957,341 |
| Total
volume |
4,856,937,878 |
4,679,324,627 |
3,724,028,980 |
| NASDAQ |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
4,828 |
4,812 |
4,824 |
| Advances |
3,147 |
3,479 |
2,412 |
| Declines |
1,428 |
1,115 |
2,129 |
| Unchanged |
253 |
218 |
283 |
| New
highs |
186 |
134 |
96 |
| New
lows |
34 |
31 |
43 |
| Closing
Arms (TRIN)† |
0.51 |
0.87 |
1.06 |
| Block
trades |
42,103 |
41,942 |
47,580 |
| Adv.
volume |
5,083,996,039 |
4,407,516,789 |
2,782,306,677 |
| Decl.
volume |
1,183,029,364 |
1,235,909,604 |
2,604,937,881 |
| Total
volume |
6,336,042,685 |
5,695,153,586 |
5,485,573,499 |
|
Table 2
Table 2 QUICKSILVER on ETFS - 2/1/2023 ---
Bullish = 12 (+0) COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, SOXL. TECL. IBB
GLD, YINN (highest 0.951)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 340.87 .04 339.36 52.4% Bullish BLUE .216 0 -----
---------------------------------------------------------------------------------------------
COMPQX 11816.32 231.77 11512.41 219% Bullish BLUE .326 .046 .372
---------------------------------------------------------------------------------------------
SPY 410.8 4.32 404.75 129.5% Bullish BLUE .238 .028 .266
---------------------------------------------------------------------------------------------
QQQ 300.92 6.3 293.34 225.5% Bullish BLUE .313 .042 .355
---------------------------------------------------------------------------------------------
MDY 491.5 7.75 475.83 206.3% Bullish BLUE .277 .065 .342
---------------------------------------------------------------------------------------------
IWM 194.49 3.01 188.56 186.4% Bullish BLUE .306 .051 .357
---------------------------------------------------------------------------------------------
FAS 88.47 .13 86.26 201.3% Bullish BLUE .274 .089 .363
---------------------------------------------------------------------------------------------
RETL 11.55 .96 9.51 1166% ------- BLUE .317 .353 .67
---------------------------------------------------------------------------------------------
SOXL 16.8 2.28 15.24 776.7% ------- BLUE .273 .344 .617
---------------------------------------------------------------------------------------------
TECL 30.2 1.97 28.39 557.2% Bullish BLUE .257 .094 .351
---------------------------------------------------------------------------------------------
IBB 136.71 .16 137.16 -2.9% ------- BLUE .229 .012 .241
---------------------------------------------------------------------------------------------
GLD 181.67 2.26 179.47 15.6% Bullish BLUE .409 .094 .503
---------------------------------------------------------------------------------------------
DBO 14.76 -.35 15.41 -197.7% Bearish RED -.194 -.091 -.285
---------------------------------------------------------------------------------------------
OIH 327.36 -2.69 329.49 38.4% Bullish RED .157 .038 .195
---------------------------------------------------------------------------------------------
CPER 25.44 -.2 25.96 -85.6% Bullish BLUE .1 .132 .232
---------------------------------------------------------------------------------------------
TAN 82.63 1.83 79.48 215.5% Bullish BLUE .234 -.014 .22
---------------------------------------------------------------------------------------------
UUP 27.25 -.26 27.43 -20% Bearish RED -.193 -.066 -.259
---------------------------------------------------------------------------------------------
CORN 26.69 .11 26.58 50.9% Bullish BLUE -.034 -.01 -.044
---------------------------------------------------------------------------------------------
WEAT 7.72 0 7.61 171.1% Bullish ---- .023 -.085 -.062
---------------------------------------------------------------------------------------------
YINN 67.62 4.08 73 -197.6% Bullish BLUE .333 .67 1.003
|
TABLE 1 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
2/1/23
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 .833 1 1
INFRA .969 1 .939 .939 .969 .939
HOMEBLDG .944 .944 .833 .888 .833 .944
-----
AUTO .924 .886 .754 .886 .735 .754
BONDFUND .919 .908 .908 .908 .908 .896
GOLD .913 .913 .934 .934 .913 .913
ETFS .909 .909 .89 .89 .927 .927
REIT .907 .907 .823 .907 .807 .807
TRANSP .894 .789 .526 .684 .631 .684
SOFTWARE .892 .857 .696 .821 .857 .75
SEMI .882 .861 .808 .829 .861 .851
-----
UTILITY .868 .789 .605 .684 .736 .684
INDMATER .861 .833 .805 .791 .819 .833
BIGBANKS .857 .857 .714 .714 .714 .571
GUNS .857 .785 .785 .785 .785 .785
HIGHPRIC .857 .81 .724 .793 .801 .745
ELECTRON .849 .812 .766 .774 .819 .834
GREEN .833 .833 .666 .722 .777 .833
NASD-100 .83 .79 .72 .79 .78 .73
RUS-1000 .828 .806 .729 .779 .772 .743
-----
CHINA .818 .795 .772 .795 .795 .795
NIFTY .818 .818 .75 .818 .795 .772
CHEM .813 .79 .72 .697 .697 .744
SOLAR .812 .687 .687 .687 .687 .687
COMPUTER .8 .7 .6 .7 .8 .7
INSURANC .8 .96 .84 .8 .88 .84
GAMING .789 .842 .789 .894 .842 .789
HOSPITAL .785 .642 .571 .571 .571 .571
SP500 .784 .762 .686 .745 .739 .717
-----
INDEXES .772 .794 .778 .789 .778 .789
JETS .769 .846 .769 .846 .846 .846
FIDSTKS .751 .745 .686 .757 .751 .739
HACKERS .75 .687 .562 .75 .687 .625
FINANCE .725 .775 .662 .662 .7 .662
RETAIL .723 .723 .638 .68 .659 .659
FOOD .673 .693 .653 .693 .755 .673
COAL .666 .666 .666 .5 .5 .5
COMODITY .666 .692 .641 .692 .743 .692
LOWPRICE .653 .627 .61 .61 .598 .595
MILITARY .653 .615 .653 .615 .615 .576
BIOTECH .65 .636 .59 .636 .619 .633
SP-100 .633 .6 .522 .622 .577 .588
BEVERAGE .571 .571 .428 .5 .571 .642
DOWJONES .533 .566 .5 .566 .566 .633
-----
OILGAS .523 .6 .542 .666 .676 .638
==================================================================================================
REGBANKS .48 .48 .32 .32 .28 .28
MARIJUAN .4 .2 .1 .1 .1 .2
DJI-13 .384 .461 .384 .538 .461 .538
|
==================================================================================
Wednesday
- 6:00 AM - Futures: DJI -145 NASDAQ -40 Data
Used: 1/31/2022
| |
1/31/2023
|
|
| |
Tuesday
brought a high volume rise in most markets. There were 2600 NYSE
advancers and very few
new lows. The Closing Powers are rising impressively.
The big banks' ETF,
FAS, is one of the most bullish-looking. But the Opening
Powers are in
downtrends. So another weak opening presents itself. Professionals
may swoop in and
reverse the market up, as they have frequently done recently.
But that will take
"dovish" words and actions by Powell and the FED. Today may
not bring a Closing
Power reversal back up. That will depend on Powell and
Company. So,
let's just hold NVDA and CAT and some bullish MAXCPs
that show very high
current Accumuation. We can wait another day to see
what the FED does. |
|
| |
Charts - 1/31/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90130.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-31-2023/BULLISH.htm
Bearish MINCPs None today
http://www.tigersoftware.com/Downing/1-30-2023/BEARISH.htm
|
|
Big Banks would not be rising like this if the FED was about
smash the economy with much higher rates.
|
 |
 |
 |
 |
 |
 |
| NYSE |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
3,209 |
3,212 |
3,224 |
| Advances |
2,636 |
981 |
1,478 |
| Declines |
478 |
2,092 |
1,595 |
| Unchanged |
95 |
139 |
151 |
| New
highs |
104 |
64 |
98 |
| New
lows |
4 |
8 |
25 |
| Adv.
volume* |
1,152,669,189 |
182,240,398 |
247,096,260 |
| Decl.
volume* |
122,350,026 |
593,156,391 |
340,915,827 |
| Total
volume* |
1,278,643,358 |
787,069,534 |
599,171,838 |
| Closing
Arms (TRIN)† |
0.61 |
1.29 |
1.33 |
| Block
trades* |
4,872 |
4,082 |
3,059 |
| Adv.
volume |
4,182,478,944 |
994,261,359 |
1,337,622,659 |
| Decl.
volume |
459,487,807 |
2,740,467,635 |
1,915,571,098 |
| Total
volume |
4,679,324,627 |
3,802,006,926 |
3,320,430,225 |
| NASDAQ |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
4,812 |
4,843 |
4,832 |
| Advances |
3,479 |
1,505 |
2,095 |
| Declines |
1,115 |
3,121 |
2,461 |
| Unchanged |
218 |
217 |
276 |
| New
highs |
134 |
89 |
112 |
| New
lows |
31 |
20 |
35 |
| Closing
Arms (TRIN)† |
0.87 |
1.19 |
0.77 |
| Block
trades |
41,942 |
37,690 |
55,982 |
| Adv.
volume |
4,407,516,789 |
1,462,616,744 |
2,943,092,909 |
| Decl.
volume |
1,235,909,604 |
3,605,075,728 |
2,663,367,815 |
| Total
volume |
5,695,153,586 |
5,122,326,100 |
5,670,864,706 |
|
Table 2 QUICKSILVER on ETFS - 1/31/2023 ---
Bullish = 12 (+5) COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, SOXL. TECL. IBB
GLD, YINN (highest 0.951)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 340.83 3.77 337.32 55.2% ------- BLUE .241 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11584.55 190.74 11313.36 109.4% ------- BLUE .333 .022 .355
---------------------------------------------------------------------------------------------
SPY 406.48 5.89 400.35 78% ------- BLUE .256 .014 .27
---------------------------------------------------------------------------------------------
QQQ 294.62 4.35 287.73 107.3% ------- BLUE .322 .018 .34
---------------------------------------------------------------------------------------------
MDY 483.75 11.38 471.85 138.2% ------- BLUE .269 .042 .311
---------------------------------------------------------------------------------------------
IWM 191.48 4.54 187.45 121.1% ------- BLUE .315 .025 .34
---------------------------------------------------------------------------------------------
FAS 88.34 3.23 85 299.4% ------- BLUE .288 .07 .358
---------------------------------------------------------------------------------------------
RETL 10.59 .82 9.26 831.2% ------- BLUE .31 .259 .569
---------------------------------------------------------------------------------------------
SOXL 14.52 .72 14.53 27.4% ------- BLUE .267 .183 .45
---------------------------------------------------------------------------------------------
TECL 28.23 1.12 27.09 165.9% ------- BLUE .263 .026 .289
---------------------------------------------------------------------------------------------
IBB 136.55 1.75 136.79 -8.4% ------- BLUE .249 .003 .252
---------------------------------------------------------------------------------------------
GLD 179.41 .65 181.11 -24.2% Bullish BLUE .376 .072 .448
---------------------------------------------------------------------------------------------
DBO 15.11 .25 15.36 -85.4% Bearish BLUE -.089 -.101 -.19
---------------------------------------------------------------------------------------------
OIH 330.05 6.88 324.85 204.9% Bullish BLUE .158 .043 .201
---------------------------------------------------------------------------------------------
CPER 25.64 .27 25.88 -38.9% Bullish BLUE .084 .116 .2
---------------------------------------------------------------------------------------------
TAN 80.8 2.58 79.2 7.5% ------- BLUE .241 -.023 .218
---------------------------------------------------------------------------------------------
UUP 27.51 -.06 27.36 10.9% Bearish ---- -.144 -.053 -.197
---------------------------------------------------------------------------------------------
CORN 26.58 0 26.42 15.1% Bullish BLUE -.074 -.014 -.088
---------------------------------------------------------------------------------------------
WEAT 7.72 .11 7.46 192.3% Bullish BLUE .029 -.097 -.068
---------------------------------------------------------------------------------------------
YINN 63.54 -1.06 70.34 -452.2% Bullish BLUE .272 .679 .951
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/31/23
Bullish = 46
Bearish = 3
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 .833 1 1 1
INFRA 1 .939 .939 .969 .939 .939
INSURANC .96 .84 .8 .88 .84 .84
HOMEBLDG .944 .833 .888 .833 .944 .944
GOLD .913 .934 .934 .913 .913 .934
ETFS .909 .89 .89 .927 .945 .909
BONDFUND .908 .908 .908 .908 .908 .896
REIT .907 .815 .915 .815 .8 .784
AUTO .886 .773 .886 .735 .754 .773
SEMI .861 .808 .829 .861 .84 .84
BIGBANKS .857 .714 .714 .714 .571 .571
SOFTWARE .857 .714 .821 .857 .75 .767
JETS .846 .769 .846 .846 .846 .846
GAMING .842 .789 .842 .894 .789 .842
GREEN .833 .666 .722 .777 .833 .777
INDMATER .833 .805 .791 .819 .833 .833
NIFTY .818 .75 .818 .795 .772 .772
ELECTRON .812 .766 .774 .819 .827 .812
HIGHPRIC .81 .724 .793 .801 .75 .762
RUS-1000 .806 .729 .779 .772 .746 .741
CHINA .795 .772 .795 .795 .795 .795
INDEXES .794 .778 .789 .778 .789 .805
CHEM .79 .72 .697 .697 .744 .744
NASD-100 .79 .72 .79 .78 .73 .74
UTILITY .789 .605 .684 .736 .71 .684
TRANSP .789 .526 .684 .631 .684 .736
GUNS .785 .785 .785 .785 .785 .642
FINANCE .775 .662 .662 .687 .662 .687
SP500 .762 .686 .747 .735 .725 .719
FIDSTKS .745 .686 .757 .751 .739 .721
RETAIL .723 .638 .68 .659 .659 .638
COMPUTER .7 .6 .7 .8 .7 .7
FOOD .693 .653 .673 .755 .673 .632
COMODITY .692 .641 .666 .743 .692 .692
HACKERS .687 .562 .75 .687 .625 .5
SOLAR .687 .687 .687 .687 .687 .75
COAL .666 .666 .5 .5 .5 .666
HOSPITAL .642 .571 .571 .571 .571 .571
BIOTECH .636 .588 .639 .619 .633 .656
LOWPRICE .627 .613 .613 .598 .593 .607
MILITARY .615 .653 .615 .615 .576 .538
OILGAS .6 .542 .666 .676 .638 .59
SP-100 .6 .522 .622 .577 .588 .588
BEVERAGE .571 .428 .5 .571 .642 .571
DOWJONES .566 .5 .566 .566 .633 .6
================================================================================================
REGBANKS .48 .32 .32 .28 .28 .32
DJI-13 .461 .384 .538 .461 .538 .461
MARIJUAN .2 .1 .1 .1 .2 .3
|
=====================================================================
Tuesday
- 5:55 AM - Futures: DJI -45 NASDAQ -40 Data
Used: 1/30/2022
| |
|
|
| |
Sellers at
the opening have become more aggressive and the Professionals
are starting to join them.
The current decline may last now until the DJI falls 300 points
to its 65-dma or to the DJI's
support-line somehat further below. We must wait now
until this decline takes
place or the FED decides what it will do with interest rates.
We remain loyal to our
Peerless buys and trust the bullish seasonality, too. As a result,
I woud stay long CAT
and NVDA even though profit-taking in the strongest stocks
was very evident today
and may last a few more days. There are few very weak
Bearish MINCPs amd not enough
new lows at this time to encourage us to go short.
See Breadth Table 1
below. See also below how the most heavily weighted DJI stocks.
shown below. Most
are holding up above their price uptrends with the exception
of UNH and AMGEN.
HD and GS deserve special attention now. Just 50% of
all the 30-DJI stocks are
above their 65-dma. A higher percentage of QQQ, SPY
and IWM stocks are above
their 65-dma. So, there should be considrable support
if the decline goes weaker. |
|
| |
Charts - 1/30/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90130.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-30-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-30-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1
| NYSE |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
3,212 |
3,222 |
3,232 |
| Advances |
981 |
1,798 |
2,241 |
| Declines |
2,092 |
1,278 |
849 |
| Unchanged |
139 |
146 |
142 |
| New
highs |
64 |
115 |
86 |
| New
lows |
8 |
6 |
8 |
| Adv.
volume* |
182,240,398 |
435,803,257 |
593,455,869 |
| Decl.
volume* |
593,156,391 |
313,816,899 |
205,998,262 |
| Total
volume* |
787,069,534 |
758,921,396 |
807,901,585 |
| Closing
Arms (TRIN)† |
1.29 |
0.95 |
0.90 |
| Block
trades* |
4,082 |
4,218 |
3,991 |
| Adv.
volume |
994,261,359 |
2,299,090,440 |
2,910,041,316 |
| Decl.
volume |
2,740,467,635 |
1,547,972,754 |
993,600,885 |
| Total
volume |
3,802,006,926 |
3,907,768,147 |
3,945,212,001 |
| NASDAQ |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
4,843 |
4,742 |
4,930 |
| Advances |
1,505 |
2,584 |
2,966 |
| Declines |
3,121 |
1,927 |
1,716 |
| Unchanged |
217 |
231 |
248 |
| New
highs |
89 |
126 |
115 |
| New
lows |
20 |
40 |
35 |
| Closing
Arms (TRIN)† |
1.19 |
0.65 |
0.32 |
| Block
trades |
37,690 |
50,253 |
53,209 |
| Adv.
volume |
1,462,616,744 |
4,147,382,435 |
5,028,577,057 |
| Decl.
volume |
3,605,075,728 |
2,023,032,921 |
927,059,381 |
| Total
volume |
5,122,326,100 |
6,243,808,988 |
5,997,817,139 |
|
Table 2 QUICKSILVER on ETFS - 1/30/2023 ---
Bullish = 7 (-4) COMPQX, QQQ, IWM, FAS, RETL
GLD, YINN (highest 0.900)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 337.06 -2.55 337.1 13.2% ------- RED .222 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11393.81 -227.9 11334.27 12.9% ------- RED .319 .001 .32
---------------------------------------------------------------------------------------------
SPY 400.59 -5.09 400.2 -.5% ------- RED .235 .003 .238
---------------------------------------------------------------------------------------------
QQQ 290.27 -5.99 288.37 22.5% ------- RED .306 .001 .307
---------------------------------------------------------------------------------------------
MDY 472.37 -5.28 470.66 1.8% ------- RED .205 .014 .219
---------------------------------------------------------------------------------------------
IWM 186.94 -2.64 186.93 -10.4% ------- RED .308 -.006 .302
---------------------------------------------------------------------------------------------
FAS 85.11 -1.15 83.24 127.4% Bullish BLUE .277 .028 .305
---------------------------------------------------------------------------------------------
RETL 9.77 -.2 9.01 239% ------- ---- .298 .042 .34
---------------------------------------------------------------------------------------------
SOXL 13.8 -1.18 14.44 -317.9% ------- RED .247 -.008 .239
---------------------------------------------------------------------------------------------
TECL 27.11 -1.61 27.31 -43.2% ------- RED .254 -.045 .209
---------------------------------------------------------------------------------------------
IBB 134.8 -2.43 136.78 -72.7% ------- RED .231 -.005 .226
---------------------------------------------------------------------------------------------
GLD 178.76 -.46 180.28 -24.2% Bullish RED .353 .078 .431
---------------------------------------------------------------------------------------------
DBO 14.86 -.26 15.37 -240.7% Bearish RED -.093 -.12 -.213
---------------------------------------------------------------------------------------------
OIH 323.17 -2.77 316.77 71% Bullish BLUE .155 .01 .165
---------------------------------------------------------------------------------------------
CPER 25.37 -.25 25.84 -81.3% Bullish RED .083 .099 .182
---------------------------------------------------------------------------------------------
TAN 78.22 -1.93 80.68 -211.3% ------- RED .199 -.047 .152
---------------------------------------------------------------------------------------------
UUP 27.57 .1 27.45 16.4% Bearish BLUE -.132 -.041 -.173
---------------------------------------------------------------------------------------------
CORN 26.58 .04 26.5 81.3% Bullish RED .018 -.004 .014
---------------------------------------------------------------------------------------------
WEAT 7.61 .02 7.43 207.3% Bullish ---- .03 -.108 -.078
---------------------------------------------------------------------------------------------
YINN 64.6 -8.05 69.88 -382.1% ------- RED .292 .608 .9
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/30/23
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 .833 1 1 1 1
INFRA .939 .939 .969 .939 .939 .969
GOLD .934 .934 .913 .913 .934 .934
BONDFUND .908 .908 .908 .908 .908 .896
ETFS .89 .89 .927 .945 .927 .909
INSURANC .84 .8 .88 .84 .84 .8
HOMEBLDG .833 .888 .833 .944 .944 .888
REIT .815 .907 .823 .807 .784 .753
SEMI .808 .829 .861 .84 .84 .893
INDMATER .805 .791 .819 .833 .833 .833
GAMING .789 .842 .842 .842 .894 .842
GUNS .785 .785 .785 .785 .642 .642
INDEXES .778 .789 .778 .789 .81 .821
AUTO .773 .905 .735 .754 .754 .792
CHINA .772 .795 .795 .795 .795 .84
JETS .769 .846 .846 .846 .846 .846
ELECTRON .766 .774 .819 .827 .804 .827
NIFTY .75 .818 .795 .772 .772 .772
RUS-1000 .729 .779 .772 .746 .749 .754
=====
HIGHPRIC .724 .793 .801 .75 .767 .797
CHEM .72 .697 .697 .744 .744 .72
NASD-100 .72 .79 .78 .73 .75 .74
=====
BIGBANKS .714 .714 .714 .571 .571 .571
SOFTWARE .714 .839 .857 .75 .785 .785
SOLAR .687 .687 .687 .687 .75 .812
FIDSTKS .686 .757 .751 .739 .727 .751
SP500 .686 .747 .737 .721 .731 .727
=====
COAL .666 .5 .5 .5 .666 .666
GREEN .666 .722 .777 .833 .777 .777
FINANCE .662 .662 .687 .65 .687 .712
FOOD .653 .673 .734 .673 .632 .612
MILITARY .653 .615 .615 .576 .576 .461
COMODITY .641 .666 .717 .692 .692 .666
RETAIL .638 .68 .659 .659 .617 .638
LOWPRICE .613 .616 .601 .593 .604 .621
UTILITY .605 .684 .736 .71 .763 .657
COMPUTER .6 .7 .8 .7 .7 .8
BIOTECH .588 .636 .622 .633 .647 .644
HOSPITAL .571 .571 .571 .571 .571 .642
HACKERS .562 .75 .687 .625 .562 .562
OILGAS .542 .666 .676 .638 .59 .609
TRANSP .526 .684 .631 .684 .736 .736
SP-100 .522 .622 .577 .588 .6 .588
===============================================================================================
DOWJONES .5 .566 .566 .633 .633 .600 ==================================================================================================
BEVERAGE .428 .5 .571 .642 .571 .571
DJI-13 .384 .538 .461 .538 .538 .461
REGBANKS .32 .32 .28 .28 .36 .36
MARIJUAN .1 .1 .1 .2 .3 .3
|
====================================================================================
Monday
- 6:20 AM - Futures: DJI -186 NASDAQ -146
Data Used: 1/27/2023
|
1-27-2023
DJIA
33978.08 +28.67 +.08%
S&P 500 4070.56
+10.13 +0.25%
Nasdaq 11621.71
109.30 +0.95%
NYSE Advances 1798
NYSE Declines 1278
New Highs = 115 + 236 = 351
New Lows = 6 + 140 = 246
|
|
|
By most
measures, the market is over-bought. The DJI has risen six straight
days. The NASDAQ, SPY and QQQ
have reached their well-tested downtrends.
Almost all our groups show a
majority of their stocks are above their 65-dma.
More than 80% of all the 5000
stocks and ETFs we track (A-Z) are above their
65-dma. So, it does not
surpise us that the futures on a Monday morning are
down the week the FED is scheduled
to meet to decide on another rate hike.
The boost in interest rates is
expected to be small. Based on the strength in the
market since last October, it is
not expected to cause a recession. Professionals,
who are generally quite
well-informed about the FED's intentions are still net-buyers.
The Closing Powers of the major
ETFs are all rising and the NYSE A/D Line has
recently been much stronger than
the DJIA. These affirm the strong technical
underpinning for the market now, as
do the unrversed multiple Peerless Buys and the
strong seasonality. Since
1967, we see that the DJI has risen 60% of the time
over the next ten days, but then
bullish seasonality drops to only 53% of the time
over the next two months for the
DJIA when we only consider the time after January
30th in the third year of the
4-year Presidential cycle.
We have sold our DIA position and will
try to buy it back if it again successfully
tests its rising 65-dma. We are
long CAT, NVDA and some of the most bullish
MAXCPs. We have avoided the short
side of the market since the start of the
new year. Let me suggest shorting
one or two of the regional bank stocks now.
Clearly, they are much weaker than the
Big Banks, chiefly because a retreat
in housing prices is so widely expected
and because certain areas of the country
are much weaker economically than othes.
The Big Banks can butress their profits
with their computerized trading accounts.
FAS, their ETF, has reached its well-tested
resistance-level now and should turn
down. If it does not, that will be a very positive
sign for the general market.. |
|
|
Charts - 1/27/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90127.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-27-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-27-2023/BEARISH.htm
|
|
 |
 |
 |
 |
|
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth and Volume Statistics
| NYSE |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
3,222 |
3,201 |
3,252 |
| Advances |
1,798 |
2,116 |
2,500 |
| Declines |
1,278 |
961 |
640 |
| Unchanged |
146 |
124 |
112 |
| New
highs |
115 |
117 |
47 |
| New
lows |
6 |
11 |
16 |
| Adv.
volume* |
435,803,257 |
503,185,532 |
837,164,455 |
| Decl.
volume* |
313,816,899 |
258,274,545 |
128,560,067 |
| Total
volume* |
758,921,396 |
773,304,402 |
974,935,396 |
| Closing
Arms (TRIN)† |
0.95 |
1.16 |
0.67 |
| Block
trades* |
4,218 |
4,045 |
4,936 |
| Adv.
volume |
2,299,090,440 |
2,453,695,268 |
3,365,787,147 |
| Decl.
volume |
1,547,972,754 |
1,291,411,386 |
575,785,911 |
| Total
volume |
3,907,768,147 |
3,809,598,171 |
4,013,367,633 |
| NASDAQ |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
4,742 |
4,804 |
4,838 |
| Advances |
2,584 |
2,699 |
3,342 |
| Declines |
1,927 |
1,863 |
1,269 |
| Unchanged |
231 |
242 |
227 |
| New
highs |
126 |
122 |
85 |
| New
lows |
40 |
42 |
29 |
| Closing
Arms (TRIN)† |
0.65 |
0.96 |
0.41 |
| Block
trades |
50,253 |
49,844 |
55,593 |
| Adv.
volume |
4,147,382,435 |
3,394,122,958 |
5,127,830,044 |
| Decl.
volume |
2,023,032,921 |
2,253,028,273 |
803,910,467 |
| Total
volume |
6,243,808,988 |
5,732,893,505 |
5,980,112,286 |
|
Table 2
Table 2 QUICKSILVER on ETFS - 1/27/2023 ---
Bullish = 11 (+2) COMPQX, SPY, QQQ, MDY, IWM, FAS, RETL, SOXL (.415), TECL
GLD, YINN (highest 1.351)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 339.61 .25 336.17 88.2% ------- BLUE .216 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11621.71 109.3 11364.41 212.3% ------- BLUE .335 .027 .362
---------------------------------------------------------------------------------------------
SPY 405.68 .93 400.63 122.4% ------- BLUE .235 .015 .25
---------------------------------------------------------------------------------------------
QQQ 296.26 2.92 288.96 235.6% Bullish BLUE .308 .026 .334
---------------------------------------------------------------------------------------------
MDY 477.65 1.82 472.2 121.5% ------- BLUE .231 .033 .264
---------------------------------------------------------------------------------------------
IWM 189.58 1.02 187.33 121.4% ------- BLUE .316 .014 .33
---------------------------------------------------------------------------------------------
FAS 86.26 0 82.95 361.5% Bullish BLUE .285 .041 .326
---------------------------------------------------------------------------------------------
RETL 9.97 .46 9.32 777.7% ------- BLUE .285 .135 .42
---------------------------------------------------------------------------------------------
SOXL 14.98 -.26 14.74 763.2% ------- BLUE .253 .162 .415
---------------------------------------------------------------------------------------------
TECL 28.72 .33 27.35 572.7% ------- BLUE .246 .038 .284
---------------------------------------------------------------------------------------------
IBB 137.23 .07 136.79 64.4% ------- BLUE .216 .007 .223
---------------------------------------------------------------------------------------------
GLD 179.22 -.25 179.63 -1.9% Bullish RED .39 .075 .465
---------------------------------------------------------------------------------------------
DBO 15.12 -.29 15.6 -139.1% Bearish RED -.057 -.096 -.153
---------------------------------------------------------------------------------------------
OIH 325.94 -3.55 318.58 84.3% Bullish RED .144 .031 .175
---------------------------------------------------------------------------------------------
CPER 25.62 -.34 25.79 -59.9% Bullish RED .092 .095 .187
---------------------------------------------------------------------------------------------
TAN 80.15 .67 81.61 42.5% ------- BLUE .187 0 .187
---------------------------------------------------------------------------------------------
UUP 27.47 .04 27.48 5.5% Bearish ---- -.149 -.057 -.206
---------------------------------------------------------------------------------------------
CORN 26.54 -.04 26.15 9.5% Bullish BLUE .178 .001 .179
---------------------------------------------------------------------------------------------
WEAT 7.59 -.02 7.3 40.2% Bullish ---- .084 -.113 -.029
---------------------------------------------------------------------------------------------
YINN 72.65 -.35 70.04 332.4% Bullish RED .272 1.079 1.351
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/27/23
BULLISH = 45
BEARISH = 2
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
INFRA .939 .969 .939 .939 .969 .939
GOLD .934 .913 .913 .934 .934 .934
BONDFUND .908 .908 .908 .908 .919 .896
REIT .907 .815 .815 .792 .738 .723
AUTO .905 .754 .754 .754 .792 .698
ETFS .89 .927 .945 .927 .927 .854
HOMEBLDG .888 .833 .944 .944 .888 .888
+++++
JETS .846 .846 .846 .846 .846 .846
GAMING .842 .842 .789 .947 .842 .736
SOFTWARE .839 .875 .75 .785 .785 .714
EDU .833 1 1 1 1 1
SEMI .829 .861 .84 .84 .882 .819
+++++
NIFTY .818 .795 .772 .772 .772 .704
INSURANC .8 .88 .84 .84 .8 .76
CHINA .795 .795 .795 .795 .84 .84
HIGHPRIC .793 .801 .75 .767 .806 .762
INDMATER .791 .819 .833 .833 .819 .791
NASD-100 .79 .78 .73 .75 .75 .63
=====
INDEXES .789 .778 .789 .81 .821 .81
GUNS .785 .785 .785 .642 .642 .714
RUS-1000 .779 .772 .746 .749 .759 .704
======
ELECTRON .774 .819 .827 .804 .819 .789
FIDSTKS .757 .751 .739 .727 .775 .674
HACKERS .75 .687 .625 .562 .562 .5
SP500 .747 .737 .723 .727 .745 .676
=======
GREEN .722 .777 .833 .777 .777 .777
BIGBANKS .714 .714 .571 .571 .571 .428
COMPUTER .7 .8 .7 .7 .8 .55
CHEM .697 .697 .744 .744 .72 .697
SOLAR .687 .687 .687 .75 .812 .687
UTILITY .684 .736 .71 .763 .71 .71
TRANSP .684 .631 .684 .736 .789 .736
RETAIL .68 .659 .659 .617 .638 .595
FOOD .673 .734 .653 .632 .612 .653
COMODITY .666 .717 .666 .692 .666 .666
OILGAS .666 .676 .638 .59 .619 .6
FINANCE .662 .687 .65 .675 .712 .612
BIOTECH .636 .619 .636 .647 .65 .602
SP-100 .622 .577 .588 .6 .622 .544
LOWPRICE .616 .604 .595 .604 .618 .593
MILITARY .615 .615 .576 .576 .461 .423
HOSPITAL .571 .571 .571 .571 .642 .642
DOWJONES .566 .566 .633 .633 .633 .533
=====
DJI-13 .538 .461 .538 .538 .538 .384
==============================================================================================
BEVERAGE .5 .571 .642 .571 .571 .428
COAL .5 .5 .5 .666 .666 .666
==============================================================================================
REGBANKS .32 .28 .28 .36 .36 .36
MARIJUAN .1 .1 .2 .3 .3 .2
|
=============================================================================
Friday
- 5:10 AM - Futures: DJI -22 NASDAQ -66 Data Used: 1/25/2023
| |
1/26/2023
NYSE Advances
2116 vs 1655
NYSE Declines 961 vs 1400
New Highs = 239
New Lows = 53 |
|
|
| |
The Bullish Seasonality, multiple Peerless Buy signals and Rising Closing
Powers for the NASDAQ, QQQ and SPY should allow these Indexes
and ETFs to hold up well as we await action mid next week by the FED
on interest rates.
Next week the FED's FOMC meets and decides if its time to ease off the
interest rate accelerator. We can expect their decision to have a big impact on stock
prices. We've seen lots of Professional buying, much of it based on the expectation
that there will be a pause in the rise in rates. But this is by no means certain.
Oil prices are on the rise again. Below we see that the 5-day ma of our Tiger
Bond funds has turned down, just as it has twice previously done before a
bond sell-off. The Regional Banks remain very weak, out of fear that rates
will again be raised. The Short-term Rates, shown below, are still above their
uptrend-line. So, what the FED will do is by no means certain.
Meanwhile, the big indexes apart from the DJI-30 keep advancing. The DJI-30
s being held back by weakness in UNH, its highest priced component. See in the Power
Ranking table below how UNH is ranked last as this time. Our highest AI/200
("Tahiti") stock CAT is rated #1. And looking for the highest IP21 DJI-30 stock
now,
we see DIS, which the bulls hope will be doing much better with their old CEO,
Michael Eisner, back in charge.
The upward momentum in the market we see now is NOT a bullish stampede. But we
can't miss how the NASDAQ, SPY and QQQ are steadily eating up the supply
of stock overhead, even though volume is not heavy. Considering, how much
stronger their Closing Powers are than their Opening Powers, we have to be
bullish, especially with the NYSE A/D Line so strong.
Avoid shorts. Hold long CAT and the leaders among our Bullish MAXCPs.
We generally want to be long those stocks with the highest ITRS (relative
strength), IP21 (current Accumulation) that have rising Closing Powers, too.
NVDS in the SP-500, QQQ and SOXL, stands out in this respect. |
|
| |
Charts - 1/26/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90126.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-26-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-26-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth and Volume Statistics
| NYSE |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
3,201 |
3,219 |
3,187 |
| Advances |
2,116 |
1,655 |
1,245 |
| Declines |
961 |
1,400 |
1,822 |
| Unchanged |
124 |
164 |
120 |
| New
highs |
117 |
70 |
40 |
| New
lows |
11 |
13 |
18 |
| Adv.
volume* |
503,185,532 |
462,387,630 |
261,170,114 |
| Decl.
volume* |
258,274,545 |
287,560,014 |
573,585,165 |
| Total
volume* |
773,304,402 |
765,648,597 |
845,694,626 |
| Closing
Arms (TRIN)† |
1.16 |
0.74 |
1.55 |
| Block
trades* |
4,045 |
4,083 |
4,338 |
| Adv.
volume |
2,453,695,268 |
2,224,511,315 |
1,193,612,243 |
| Decl.
volume |
1,291,411,386 |
1,397,957,341 |
2,709,574,124 |
| Total
volume |
3,809,598,171 |
3,724,028,980 |
3,991,509,166 |
| NASDAQ |
Latest
Close |
Previous
Close |
Week
Ago |
| Issues
traded |
4,804 |
4,824 |
4,827 |
| Advances |
2,699 |
2,412 |
1,698 |
| Declines |
1,863 |
2,129 |
2,883 |
| Unchanged |
242 |
283 |
246 |
| New
highs |
122 |
96 |
71 |
| New
lows |
42 |
43 |
34 |
| Closing
Arms (TRIN)† |
0.96 |
1.06 |
1.50 |
| Block
trades |
49,844 |
47,580 |
31,228 |
| Adv.
volume |
3,394,122,958 |
2,782,306,677 |
1,295,889,963 |
| Decl.
volume |
2,253,028,273 |
2,604,937,881 |
3,309,826,841 |
| Total
volume |
5,732,893,505 |
5,485,573,499 |
4,660,802,928 |
|
Table 2 QUICKSILVER on ETFS - 1/26/2023 ---
Bullish = 9 () COMPQX, SPY, QQQ, IWM, FAS, RETL, SOXL (.376)
GLD, YINN (highest 1.421)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 339.36 2.04 333.67 130.3% ------- BLUE .225 0 ------
---------------------------------------------------------------------------------------------
COMPQX 11512.41 199.05 11140.43 294.7% ------- BLUE .292 .012 .304
---------------------------------------------------------------------------------------------
SPY 404.75 4.4 395.88 202.8% ------- BLUE .24 .011 .251
---------------------------------------------------------------------------------------------
QQQ 293.34 5.61 282.68 319.6% ------- BLUE .264 .014 .278
---------------------------------------------------------------------------------------------
MDY 475.83 3.98 466.2 182.8% ------- BLUE .223 .025 .248
---------------------------------------------------------------------------------------------
IWM 188.56 1.11 185.04 175.5% ------- RED .29 .004 .294
---------------------------------------------------------------------------------------------
FAS 86.26 1.26 80.22 589.4% Bullish BLUE .313 0 .313
---------------------------------------------------------------------------------------------
RETL 9.51 .25 8.55 878.7% ------- RED .251 .049 .3
---------------------------------------------------------------------------------------------
SOXL 15.24 .71 12.79 1270.7% ------- BLUE .228 .148 .376
---------------------------------------------------------------------------------------------
TECL 28.39 1.3 25.61 884.8% ------- BLUE .235 .006 .241
---------------------------------------------------------------------------------------------
IBB 137.16 .37 135.47 114.4% ------- RED .172 .017 .189
---------------------------------------------------------------------------------------------
GLD 179.47 -1.64 179.29 -11.7% Bullish RED .348 .086 .434
---------------------------------------------------------------------------------------------
DBO 15.41 .05 15.55 3.2% Bearish RED -.037 -.11 -.147
---------------------------------------------------------------------------------------------
OIH 329.49 4.64 320.51 212.8% Bullish BLUE .183 .03 .213
---------------------------------------------------------------------------------------------
CPER 25.96 .08 25.93 36.8% Bullish BLUE 0 .089 .089
---------------------------------------------------------------------------------------------
TAN 79.48 .28 79.47 95.3% ------- RED .107 -.005 .102
---------------------------------------------------------------------------------------------
UUP 27.43 .07 27.44 -9.1% Bearish ---- -.128 -.047 -.175
---------------------------------------------------------------------------------------------
CORN 26.58 .16 26.49 17% Bullish ---- .212 .003 .215
---------------------------------------------------------------------------------------------
WEAT 7.61 .15 7.53 100.9% Bullish ---- .078 -.103 -.025
---------------------------------------------------------------------------------------------
YINN 73 2.66 67.98 702.5% Bullish BLUE .304 1.127 1.431
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/26/23
Bullish = 46
Bearish = 2
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 1 1
INFRA .969 .939 .939 .969 .939 .787
ETFS .927 .945 .927 .927 .872 .872
GOLD .913 .913 .934 .934 .934 .934
BONDFUND .908 .908 .908 .919 .908 .896
INSURANC .88 .84 .84 .8 .76 .68
SOFTWARE .875 .767 .785 .785 .714 .607
SEMI .861 .84 .84 .882 .797 .829
=====
JETS .846 .846 .846 .846 .846 .846
GAMING .842 .789 .894 .894 .736 .631
HOMEBLDG .833 .944 .944 .888 .888 .833
ELECTRON .819 .827 .804 .819 .774 .789
INDMATER .819 .833 .833 .819 .791 .722
REIT .815 .807 .8 .746 .723 .653
HIGHPRIC .801 .75 .767 .806 .771 .616
COMPUTER .8 .7 .7 .8 .55 .55
CHINA .795 .795 .795 .84 .818 .84
NIFTY .795 .772 .772 .772 .704 .568
GUNS .785 .785 .642 .642 .714 .571
NASD-100 .78 .73 .75 .75 .66 .58
=====
INDEXES .778 .789 .81 .821 .81 .724
GREEN .777 .833 .777 .777 .777 .666
RUS-1000 .772 .746 .749 .759 .708 .593
AUTO .754 .773 .754 .792 .698 .49
FIDSTKS .751 .739 .727 .775 .692 .532
SP500 .737 .723 .729 .741 .688 .575
=====
UTILITY .736 .71 .763 .71 .71 .657
FOOD .734 .653 .612 .612 .653 .632
COMODITY .717 .666 .666 .666 .666 .666
BIGBANKS .714 .571 .571 .571 .428 .428
CHEM .697 .744 .744 .72 .697 .604
FINANCE .687 .65 .675 .7 .612 .525
HACKERS .687 .625 .562 .562 .5 .437
SOLAR .687 .687 .75 .812 .625 .562
OILGAS .676 .638 .59 .619 .59 .542
RETAIL .659 .659 .617 .638 .638 .574
TRANSP .631 .684 .736 .789 .736 .631
BIOTECH .619 .633 .65 .65 .607 .579
MILITARY .615 .576 .576 .461 .423 .423
LOWPRICE .604 .598 .607 .618 .593 .573
SP-100 .577 .588 .6 .622 .566 .455
BEVERAGE .571 .642 .571 .571 .428 .428
HOSPITAL .571 .571 .571 .642 .642 .642
DOWJONES .566 .633 .633 .633 .533 .4
======
===============================================================================================
COAL .5 .5 .666 .666 .666 .333
===============================================================================================
DJI-13 .461 .538 .538 .538 .384 .23
REGBANKS .28 .28 .36 .36 .4 .32
MARIJUAN .1 .2 .3 .3 .2 .1
|
=================================================================================
Thursday
- 5:45 AM - Futures: DJI +48 NASDAQ +98
Data Used: 1/25/2023
| |
1-25-2023
NYSE Advances 1655 vs 1478
NYSE Declines 1400 vs 1595
New Highs 70 + 96 = 166
New Lows 13 + 43 = 56 |
|
| |
Professionals
were again ready to swoop in after an hour of weakness
and drive up prices yesterday.
We can reason that they would only do this if they
were confident that the FED is
going to pause in its rate hikes when the
FOMC next meets, at the end of this
month. Their bullishness, the Peerless
buy signals and the excellent
seasonal period we are in all tell us to avoid the short
side and buy the leaders in the
market.
SOXL, QQQ, SPY and the NASDAQ are
all at well -tested resistance
of their price-downtrendlines.
We have noted that volume seems too low to
quickly eat up the overhead supply
of stock. And we have remarked on
how the DJI and DIA have become
index and ETF laggards compared
to many techs and also IWM.
That has encouraged us to be buyers of the
Bullish MAXCPs that also show very
high Accumulation.
Among the tech leaders, NVDA stands
out. It has broken through the
horizontal resistance formed by its
pervious peaks and has even formed
a bullish inverted head/shoulders
pattern. Its volume is rising and its relative
strength versus the DJI is very
bullish.
If the FED is going to pause in its
rate hikes that would explain the weakness
in the Dollar, the rising bond
market and the strength in Gold. As long as
the Closing Powers are rising for
the bullish MAXCPs and NVDA, I think
we have to be buyers of them,
because when the FED does publcly relent and
announces a pause, these stocks and
ETFs should surge. One more thing,
worth mentioning is the continuing
weakness in regional banks. See Table 3.
This occurs because they are
already suffering from the rapid rise in interest rates.
Their plight is, no doubt, being
communicated with the decision-makers on the
FED and in Congress. . |
|
| |
Charts - 1/25/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90125.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium) 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-25-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-25-2023/BEARISH.htm
|
|
Table 1 - BREADTH and Volume Statistics from WSJ
NYSE |
Latest Close |
Previous Close |
Week Ago |
Issues traded |
3,219 |
3,224 |
3,229 |
Advances |
1,655 |
1,478 |
1,077 |
Declines |
1,400 |
1,595 |
2,041 |
Unchanged |
164 |
151 |
111 |
New highs |
70 |
98 |
101 |
New lows |
13 |
25 |
8 |
Adv. volume* |
462,387,630 |
247,096,260 |
128,638,731 |
Decl. volume* |
287,560,014 |
340,915,827 |
747,024,729 |
Total volume* |
765,648,597 |
599,171,838 |
887,577,972 |
Closing Arms
(TRIN)† |
0.74 |
1.33 |
2.71 |
Block trades* |
4,083 |
3,059 |
4,355 |
Adv. volume |
2,224,511,315 |
1,337,622,659 |
687,292,155 |
Decl. volume |
1,397,957,341 |
1,915,571,098 |
3,529,549,793 |
Total volume |
3,724,028,980 |
3,320,430,225 |
4,298,711,416 |
NASDAQ |
Latest Close |
Previous Close |
Week Ago |
Issues traded |
4,824 |
4,832 |
4,847 |
Advances |
2,412 |
2,095 |
1,558 |
Declines |
2,129 |
2,461 |
3,090 |
Unchanged |
283 |
276 |
199 |
New highs |
96 |
112 |
115 |
New lows |
43 |
35 |
27 |
Closing Arms
(TRIN)† |
1.06 |
0.77 |
1.46 |
Block trades |
47,580 |
55,982 |
34,494 |
Adv. volume |
2,782,306,677 |
2,943,092,909 |
1,341,823,971 |
Decl. volume |
2,604,937,881 |
2,663,367,815 |
3,884,130,966 |
Total volume |
5,485,573,499 |
5,670,864,706 |
5,288,639,185 |
|
Table 2 QUICKSILVER on ETFS - 1/25/2023 ---
Bullish = 9 (-1) COMPQX, QQQ, MDY, IWM, FAS, RETL, SOXL (.425)
GLD, YINN (highest 1.6001)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 337.32 .22 330.63 65.1% ------- BLUE .232 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 11313.36 -20.91 10852.27 160.1% ------- BLUE .272 .018 .29
---------------------------------------------------------------------------------------------
SPY 400.35 .15 388.64 112% ------- BLUE .233 .014 .247
---------------------------------------------------------------------------------------------
QQQ 287.73 -.64 275.15 174.3% ------- BLUE .246 .017 .263
---------------------------------------------------------------------------------------------
MDY 471.85 1.19 458.72 89.8% ------- BLUE .227 .027 .254
---------------------------------------------------------------------------------------------
IWM 187.45 .52 182.04 98.6% ------- BLUE .309 .011 .32
---------------------------------------------------------------------------------------------
FAS 85 1.76 76.64 342.8% Bullish BLUE .316 .013 .329
---------------------------------------------------------------------------------------------
RETL 9.26 .25 7.96 473.7% ------- BLUE .307 .098 .405
---------------------------------------------------------------------------------------------
SOXL 14.53 .09 11.77 642.3% ------- BLUE .222 .203 .425
---------------------------------------------------------------------------------------------
TECL 27.09 -.22 23.75 484% ------- BLUE .217 .01 .227
---------------------------------------------------------------------------------------------
IBB 136.79 .01 134.05 56.4% ------- BLUE .137 .024 .161
---------------------------------------------------------------------------------------------
GLD 181.11 .83 179.89 112.4% Bullish BLUE .353 .108 .461
---------------------------------------------------------------------------------------------
DBO 15.36 -.01 15.4 64.9% Bearish ---- .01 -.08 -.07
---------------------------------------------------------------------------------------------
OIH 324.85 8.08 315.9 129.2% Bullish BLUE .161 .054 .215
---------------------------------------------------------------------------------------------
CPER 25.88 .04 25.77 60.1% Bullish BLUE 0 .133 .133
---------------------------------------------------------------------------------------------
TAN 79.2 -1.48 77.96 -161.3% ------- BLUE .095 -.028 .067
---------------------------------------------------------------------------------------------
UUP 27.36 -.09 27.48 -34.6% Bearish RED -.122 -.059 -.181
---------------------------------------------------------------------------------------------
CORN 26.42 -.08 26.49 -58.6% Bullish ---- .168 .008 .176
---------------------------------------------------------------------------------------------
WEAT 7.46 .03 7.46 -33.6% Bullish ---- .081 -.105 -.024
---------------------------------------------------------------------------------------------
YINN 70.34 .46 63.4 801.3% Bullish BLUE .27 1.331 1.601
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/25/23
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 1 .833
ETFS .945 .927 .927 .872 .89 .872
HOMEBLDG .944 .944 .888 .888 .833 .888
INFRA .939 .939 .969 .939 .787 1
GOLD .913 .934 .934 .934 .934 .913
BONDFUND .908 .908 .919 .908 .908 .896
JETS .846 .846 .846 .846 .846 .923
INSURANC .84 .84 .8 .76 .68 .76
SEMI .84 .84 .882 .797 .819 .882
----
GREEN .833 .777 .777 .777 .666 .777
INDMATER .833 .833 .819 .791 .722 .791
ELECTRON .827 .804 .819 .774 .781 .834
REIT .807 .792 .753 .73 .638 .7
CHINA .795 .795 .84 .818 .84 .795
GAMING .789 .894 .842 .789 .631 .631
INDEXES .789 .81 .821 .81 .729 .8
GUNS .785 .642 .642 .714 .571 .714
AUTO .773 .773 .792 .698 .528 .603
NIFTY .772 .772 .772 .704 .568 .636
SOFTWARE .767 .803 .785 .714 .607 .625
HIGHPRIC .75 .767 .806 .771 .625 .715
RUS-1000 .746 .749 .759 .708 .6 .677
------
CHEM .744 .744 .72 .697 .604 .697
FIDSTKS .739 .727 .775 .692 .538 .609
NASD-100 .73 .75 .75 .66 .58 .63
-----
SP500 .723 .729 .743 .684 .586 .653
-----
UTILITY .71 .763 .71 .71 .657 .736
COMPUTER .7 .7 .8 .55 .55 .55
SOLAR .687 .75 .812 .625 .562 .75
TRANSP .684 .736 .789 .736 .631 .684
COMODITY .666 .666 .641 .666 .641 .615
RETAIL .659 .617 .638 .638 .595 .659
FOOD .653 .612 .591 .653 .612 .612
FINANCE .65 .675 .7 .6 .525 .625
BEVERAGE .642 .571 .571 .428 .428 .428
OILGAS .638 .59 .619 .59 .542 .495
BIOTECH .633 .647 .653 .607 .576 .599
DOWJONES .633 .633 .633 .533 .4 .5
=====
HACKERS .625 .562 .562 .5 .437 .5
LOWPRICE .598 .61 .621 .593 .573 .584
SP-100 .588 .6 .622 .566 .455 .533
MILITARY .576 .576 .461 .423 .423 .384
BIGBANKS .571 .571 .571 .428 .428 .428
HOSPITAL .571 .571 .642 .642 .642 .714
DJI-13 .538 .538 .538 .384 .23 .23
COAL .5 .666 .666 .666 .333 .333
================================================================================================
REGBANKS .28 .36 .36 .4 .32 .28
MARIJUAN .2 .3 .3 .2 .1 .3
|
=================================================================================
Wednesday - 6:10 AM - Futures: DJI -299 NASDAQ -150 Data Used: 1/24/2023
| |
1-24-2023
DJIA 33733.96 +104.40 +0.31%
S&P 500 4016.95 -2.86 -0.007%
Nasdaq 11334.27 -30.14 -0.27%
NYSE Advances 1478
NYSE Declines 1695
New highs 98 + 112 = 210
New lows 25 + 35 = 60
|
|
| |
The DJI is trying to reach its declining,
well-tested resistance line (shown in
red below). Its internals are good with the exception of
its daily volume, which
again fell. The sell-off this morning can be blamed on a
lack of aggressive buyers
not just in the DJI, but the NASDAQ, QQQ and SP-500 (SPY) as each
of these
approach their well-tested resistance-lines. Their
internals, Closing Power,
Accumulation Index and relative strength versus the DJI, are all
quite positive.
But there's no question that there's a lot of planned or
scheduled selling as
their well-tested resistance lines are approached. Hence,
the decline today.
Another negative is the FED. Short-term rates rose again
while the Ten Year
bond rates fell. This bearish inversion argues that the
majority of the FOMC
remain intent on raising rates at the end of the month to
make sure that the
economy slows down so that prices and wages fall back much more.
Like
the scorpion stinging the frog mid-stream, when you ask a
"hawk" why they
must cause a recession or worse, they answer because it's what we
do at these
times, it is our nature.
But now there's a new element. Bad NYSE data. A
"glitch" was reported
to have caused crazy lows to be posted today for such stocks as
JN J, KO,
MCD, MMM, MRFK, NKE, UNH, V , VZ and WMT in the DJI-30 and
many others like SO and NOC. It remains to be seen if the
NYSE will
fix the problem today or provide rebates to those who were hurt
by the
prices they got. This is scary stuff. These
stocks are the bed-rock of the
the market, American capitalism and our economy. The last
time this took
place was in 2010. It took more than a month for the market
to regain
confidence after the "glitches" back then. See
chart below.
Since the DJI is now above its 21-day ma but because it is
under-performing
SPY, QQQ and the NASDAQ, let me suggest taking some trading
profits
in DIA on any late recovery tomorrow. But hold the
strongest "bullish MAXCPs"
and CAT, the highest AI/200 DJI stock, in deference to the
Peerless buys
and the contuining bullish seasonality. |
|
| |
Charts - 1/24/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90124.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-24-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-24-2023/BEARISH.htm |
|
---> "GLITCH"
on NYSE was blamed for sell-off in market in April 2010.
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
BAD data today
 |
 |
Table 1 - Breadth and Volume Indicators 1-24-2023
DJIA 33733.96 +104.40 +0.31%
S&P 500 4016.95 -2.86 -0.007%
Nasdaq 11334.27 -30.14 -0.27%
NYSE Advances 1478
NYSE Declines 1695
New highs 98 + 112 = 210
New lows 25 + 35 = 60
NYSE Latest Close Previous Close Week Ago
Issues traded 3,224 3,232 3,218
Advances 1,478 2,241 1,690
Declines 1,595 849 1,424
Unchanged 151 142 104
New highs 98 86 126
New lows 25 8 10
Adv. volume* 247,096,260 593,455,869 401,699,725
Decl. volume* 340,915,827 205,998,262 480,832,258
Total volume* 599,171,838 807,901,585 891,837,674
Closing Arms (TRIN)† 1.33 0.90 1.17
Block trades* 3,059 3,991 4,587
Adv. volume 1,337,622,659 2,910,041,316 2,102,992,140
Decl. volume 1,915,571,098 993,600,885 2,080,439,423
Total volume 3,320,430,225 3,945,212,001 4,235,562,719
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,832 4,930 4,875
Advances 2,095 2,966 2,406
Declines 2,461 1,716 2,259
Unchanged 276 248 210
New highs 112 115 136
New lows 35 35 23
Closing Arms (TRIN)† 0.77 0.32 0.68
Block trades 55,982 53,209 36,564
Adv. volume 2,943,092,909 5,028,577,057 3,100,669,073
Decl. volume 2,663,367,815 927,059,381 1,976,809,286
Total volume 5,670,864,706 5,997,817,139 5,138,416,783
|
Table 2 QUICKSILVER on ETFS - 1/23/2023 ---
Bullish = 10 COMPQX, QQQ, MDY, IWM, FAS, RETL, SOXL (.701)
TECL, GLD, YINN (highest 1.9228)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 337.1 .93 332.97 -30.8% ------- BLUE .213 ----- ------
---------------------------------------------------------------------------------------------
COMPQX 11334.27 -30.14 10957.01 107.9% ------- BLUE .232 .059 .291
---------------------------------------------------------------------------------------------
SPY 400.2 -.43 391.49 30.8% ------- BLUE .188 .034 .222
---------------------------------------------------------------------------------------------
QQQ 288.37 -.59 277.88 121.4% ------- BLUE .206 .059 .265
---------------------------------------------------------------------------------------------
MDY 470.66 -1.54 463.48 10.9% ------- BLUE .213 .048 .261
---------------------------------------------------------------------------------------------
IWM 186.93 -.4 183.8 3% ------- BLUE .292 .034 .326
---------------------------------------------------------------------------------------------
FAS 83.24 .29 79.48 -64.4% Bullish BLUE .276 .108 .384
---------------------------------------------------------------------------------------------
RETL 9.01 -.31 8.44 116.1% ------- RED .317 .281 .598
---------------------------------------------------------------------------------------------
SOXL 14.44 -.3 12.82 529.3% ------- BLUE .174 .527 .701
---------------------------------------------------------------------------------------------
TECL 27.31 -.04 24.6 342.8% ------- BLUE .177 .236 .413
---------------------------------------------------------------------------------------------
IBB 136.78 -.01 135.26 18.4% ------- BLUE .138 .024 .162
---------------------------------------------------------------------------------------------
GLD 180.28 .65 177.08 75.3% Bullish BLUE .294 .1 .394
---------------------------------------------------------------------------------------------
DBO 15.37 -.23 15.16 0% Bearish RED .004 -.108 -.104
---------------------------------------------------------------------------------------------
OIH 316.77 -1.81 316.64 -207.9% Bullish RED .114 .015 .129
---------------------------------------------------------------------------------------------
CPER 25.84 .05 25.57 33% Bullish BLUE -.03 .131 .101
---------------------------------------------------------------------------------------------
TAN 80.68 -.93 81.79 -99.8% Bearish ---- .008 .045 .053
---------------------------------------------------------------------------------------------
UUP 27.45 -.03 27.55 -18.2% Bearish ---- -.12 -.113 -.233
---------------------------------------------------------------------------------------------
CORN 26.5 .35 26.73 -88.5% Bullish ---- .181 -.039 .142
---------------------------------------------------------------------------------------------
WEAT 7.43 .13 7.51 -100.3% Bullish BLUE .083 -.146 -.063
---------------------------------------------------------------------------------------------
YINN 69.88 -.16 59.73 637.4% Bullish BLUE .233 1.689 1.922
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/24/23
Bullish = 47
Bearish = 2
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 1 .833 .833
HOMEBLDG .944 .888 .888 .833 .888 .888
INFRA .939 .969 .939 .787 .969 1
GOLD .934 .934 .934 .934 .913 .934
ETFS .927 .927 .872 .89 .89 .872
BONDFUND .908 .919 .908 .908 .908 .862
GAMING .894 .842 .736 .684 .631 .684
JETS .846 .846 .846 .846 .923 .923
INSURANC .84 .8 .76 .68 .8 .92
SEMI .84 .882 .797 .819 .872 .882
=====
INDMATER .833 .819 .791 .722 .791 .805
INDEXES .81 .821 .81 .729 .805 .821
ELECTRON .804 .819 .774 .781 .827 .849
SOFTWARE .803 .803 .714 .607 .625 .696
CHINA .795 .84 .818 .84 .795 .818
REIT .792 .746 .738 .646 .7 .8
GREEN .777 .777 .777 .666 .777 .888
AUTO .773 .811 .698 .528 .641 .679
NIFTY .772 .772 .704 .568 .636 .681
HIGHPRIC .767 .806 .771 .625 .715 .793
UTILITY .763 .71 .71 .657 .763 .947
NASD-100 .75 .75 .66 .58 .64 .72
=====
SOLAR .75 .812 .625 .562 .75 .75
=====
RUS-1000 .749 .759 .708 .6 .683 .762
=====
CHEM .744 .72 .697 .604 .697 .744
TRANSP .736 .789 .736 .631 .684 .684
FIDSTKS .727 .775 .692 .538 .621 .733
SP500 .725 .739 .682 .581 .668 .759
=====
COMPUTER .7 .8 .55 .55 .55 .65
FINANCE .675 .7 .6 .512 .625 .687
COAL .666 .666 .666 .333 .333 .5
COMODITY .666 .641 .641 .641 .615 .666
BIOTECH .647 .65 .61 .576 .596 .642
GUNS .642 .642 .714 .571 .714 .785
DOWJONES .633 .633 .533 .4 .533 .8
=====
RETAIL .617 .638 .638 .595 .659 .723
FOOD .612 .591 .632 .612 .612 .673
LOWPRICE .61 .624 .595 .573 .584 .621
SP-100 .6 .622 .566 .455 .555 .677
OILGAS .59 .619 .59 .542 .504 .619
MILITARY .576 .461 .423 .423 .384 .576
BEVERAGE .571 .571 .428 .428 .428 .571
BIGBANKS .571 .571 .428 .428 .428 .428
HOSPITAL .571 .642 .642 .642 .714 .785
HACKERS .562 .562 .5 .437 .5 .375
DJI-13 .538 .538 .384 .23 .307 .615
=============================================================================================
REGBANKS .36 .36 .4 .32 .32 .36
MARIJUAN .3 .3 .2 .1 .3 .3
|
====================================================================================
Tuesday - 6:12 AM - Futures:
DJI -106 NASDAQ -52 Data
Used: 1/23/2023
| |
1/23/2023
DJI = 33629.56 NYSE adv = 2500 NYSE decl = 640
SP-500 Vol declined 6.5% from 1/20.
Ratio of up vol on SP-500 to downvol. there = 4.317
Est NYSE upv= 732.557 Est down v. = 169.628 (WSJournal did not publish it on-line)
|
|
| |
The market is pulling back from the
falling resistance lines. Its excuse here
was the Labor CPI report out this
morning that Consumer prices for all items
rose 6.5 percent from December 2021
to December 2022. In particular,
food prices increased 10.4%
percent. As you can see from the key index and
ETF charts below, the NYSE
A/D Line, the Closing Powers, Opening Powers
and Accumulation Indexes remain
very positive. The main problem is that
there remains plenty of overhead
resistance and volume could be higher to
eat up this resistance more
quickly. It will take time to do that. But the month-
to-month CPI fell by .1% and the
FED is rumored to be considering a pause
in its program of rate hikes when
it meets next at the end of the month. That
is the message the bond recovery is
saying to us, along with the steeply rising
NYSE A/D Line. Note, too that
Semi-conductors and NVDA, in particular,
are the leaders now that QQQ, the
NASDAQ and SP-500 are showing
greater 50-day relative strength
than the DJI. Avoid the short side and continue to
hold DIA, CAT and the strongest
bullish MAXCPs long. Watch and see if Nividia
can complete a bullish inverted
head and shoulders price pattern. Expect higher
prices. That is the message,
too, from the multiple Peerless Buys and the very bullish
seasonality. |
|
| |
Charts - 1/23/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90123.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-23-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-23-2023/BEARISH.htm |
|
DJI faces keen resistance overhead but A/D Line is very strong.
 |
Both Opening and Closing Powers show rising 21-day ma trends.
 |
SP-500 at
falling, well-tested price down-trendline, but internals are positive.
 |
 |
NASDAQ is at its
well-tested falling downtrendline. Positive internals.
 |
Bullishly
rising Opening and Closing Power. ITRS = .056
 |
 |
QQQ -
Bullishly rising Opening and Closing Power. ITRS = .057
 |
 |
 |
 |
|
| WSJ Breadth and Volume statistics not available. |
Table 2 QUICKSILVER on ETFS - 1/23/2023 ---
Bullish = 10 COMPQX, QQQ, MDY, IWM, FAS, RETL, SOXL (.641)
TECL, GLD, YINN (highest 1.638)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 336.17 2.5 339.16 -102.3% ------- BLUE .214 ------- -----
---------------------------------------------------------------------------------------------
COMPQX 11364.41 223.98 11095.11 129.4% ------- BLUE .252 .057 .309
---------------------------------------------------------------------------------------------
SPY 400.63 4.75 397.77 27% ------- BLUE .193 .035 .228
---------------------------------------------------------------------------------------------
QQQ 288.96 6.28 281.54 142.9% ------- BLUE .221 .059 .28
---------------------------------------------------------------------------------------------
MDY 472.2 6 469.64 16.6% Bullish BLUE .245 .051 .296
---------------------------------------------------------------------------------------------
IWM 187.33 2.29 186.82 7.6% ------- BLUE .301 .03 .331
---------------------------------------------------------------------------------------------
FAS 82.95 2.73 84.28 -182.6% Bullish BLUE .274 .07 .344
---------------------------------------------------------------------------------------------
RETL 9.32 .77 8.81 216.6% ------- BLUE .356 .206 .562
---------------------------------------------------------------------------------------------
SOXL 14.74 1.95 13.06 705.9% ------- BLUE .205 .436 .641
---------------------------------------------------------------------------------------------
TECL 27.35 1.74 25.57 422.8% ------- BLUE .195 .163 .358
---------------------------------------------------------------------------------------------
IBB 136.79 1.32 136.28 20.7% ------- BLUE .137 .036 .173
---------------------------------------------------------------------------------------------
GLD 179.63 .34 177.59 24.4% Bullish BLUE .23 .113 .343
---------------------------------------------------------------------------------------------
DBO 15.6 .05 15.37 91.1% Bearish ---- .117 -.108 .009
---------------------------------------------------------------------------------------------
OIH 318.58 -1.93 330.09 -145.2% Bullish RED .095 -.011 .084
---------------------------------------------------------------------------------------------
CPER 25.79 -.14 25.67 46.7% Bullish BLUE -.046 .151 .105
---------------------------------------------------------------------------------------------
TAN 81.61 2.14 82.29 -8.1% ------- BLUE .039 .091 .13
---------------------------------------------------------------------------------------------
UUP 27.48 .04 27.55 1.8% Bearish ---- -.075 -.083 -.158
---------------------------------------------------------------------------------------------
CORN 26.15 -.34 26.97 -90% Bullish RED .204 -.039 .165
---------------------------------------------------------------------------------------------
WEAT 7.3 -.23 7.58 -139.7% Bullish RED .087 -.159 -.072
---------------------------------------------------------------------------------------------
YINN 70.04 2.06 61.65 326.4% Bullish BLUE .247 1.391 1.638
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/23/23
Bullish = 46
Bearish = 3
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 1 .833 .833 1
INFRA .969 .939 .787 .969 1 .969
GOLD .934 .934 .934 .913 .934 .956
ETFS .927 .872 .89 .89 .89 .854
BONDFUND .919 .908 .908 .908 .873 .873
HOMEBLDG .888 .888 .833 .888 .888 .888
SEMI .882 .797 .819 .872 .882 .893
=====
JETS .846 .846 .846 .923 .923 1
GAMING .842 .736 .631 .684 .684 .789
CHINA .84 .818 .84 .795 .818 .818
INDEXES .821 .81 .729 .805 .816 .832
ELECTRON .819 .774 .781 .827 .849 .849
INDMATER .819 .791 .722 .791 .805 .833
SOLAR .812 .625 .562 .75 .75 .75
AUTO .811 .698 .528 .641 .698 .716
HIGHPRIC .806 .771 .625 .715 .793 .793
SOFTWARE .803 .732 .607 .625 .696 .66
COMPUTER .8 .55 .55 .55 .65 .65
INSURANC .8 .76 .68 .8 .92 .92
TRANSP .789 .736 .631 .684 .736 .789
GREEN .777 .777 .666 .777 .888 .888
FIDSTKS .775 .692 .538 .621 .733 .727
NIFTY .772 .704 .568 .636 .681 .681
RUS-1000 .759 .708 .6 .683 .764 .765
=====
NASD-100 .75 .66 .58 .64 .72 .72
=====
REIT .746 .73 .653 .707 .784 .761
SP500 .739 .682 .581 .664 .767 .767
=====
CHEM .72 .697 .604 .697 .744 .767
UTILITY .71 .71 .657 .763 .947 .921
FINANCE .7 .6 .512 .612 .687 .737
COAL .666 .666 .333 .333 .5 .333
BIOTECH .65 .607 .579 .596 .642 .661
GUNS .642 .714 .571 .714 .785 .857
HOSPITAL .642 .642 .642 .714 .785 .785
COMODITY .641 .641 .615 .615 .666 .615
RETAIL .638 .638 .595 .659 .723 .68
DOWJONES .633 .533 .4 .533 .8 .833
=====
LOWPRICE .624 .598 .575 .584 .618 .618
SP-100 .622 .566 .455 .555 .677 .722
OILGAS .619 .59 .542 .504 .609 .6
FOOD .591 .632 .591 .612 .673 .612
BEVERAGE .571 .428 .428 .428 .571 .571
BIGBANKS .571 .428 .428 .428 .428 .714
HACKERS .562 .5 .437 .5 .375 .437
DJI-13 .538 .384 .23 .307 .615 .692
=================================================================================================
MILITARY .461 .423 .423 .384 .576 .692
REGBANKS .36 .4 .32 .32 .36 .52
MARIJUAN .3 .2 .1 .3 .3 .4
|
==============================================================================
Monday - 5:50 AM - Futures: DJI +55 NASDAQ
+20 Data Used: 1/20/2023
| |
1/20/2023
DJIA 33375.49 330.93 +1.00%
S&P 500 3972.61 73.76 +1.89%
Nasdaq 11140.43 288.17 +2.66%
NYSE Advances 2,500 vs 1,245
NYSE Declines 640 vs 1,822
New highs 47 + 85 = 132
New lows 16 + 29 = 45
NYSE Latest Close Previous Close Week Ago
Issues traded 3,252 3,187 3,205
Advances 2,500 1,245 1,925
Declines 640 1,822 1,167
Unchanged 112 120 113
New highs 47 40 104
New lows 16 18 6
|
|
| |
The single most important technical
indicator is the NYSE A/D Line. It is not
flawless but year after year, it is the most reliable tool
we have. Right now
the A/D Line, which is shown in the Peerless chart below,
is making a recovery
high which is considerably ahead of the DJI. Its
strength will likely give us a
another new Peerless buy on either DJI strength or
weakness. The only real
failures of such A/D Line strength since 1965 were early in
the bear market
of 1977-1978 and 2001 before 9/11 in 2001. It is the
A/D Line strength
which gives us the recent Buy B20s, which as a pair are
particularly
powerful. And if the DJI should drop again to its
recent lows, 3% down
from where it stands now at its 21-day ma, we would almost
certainly get
a new Buy B9.
The seasonality remains very bullish now. Looking at
the third years in
a Presidential Election after January 22nd, we find the DJI
since 1967 is
up 86.7% of the time over the next two weeks and typically
gains 2.6%.
A month from now the average DJI gain by then would bring
3% higher prices,
two months out would average a jump of 5% and in three
months the DJI would
be 8.8% higher. The odds of it rising in three months
are 93.3%.
The other indices show many bullish internals. See
the chart of the NASDAQ,
SPY and QQQ below. But they also show still unbroken
price downtrends
going back a year and if these indexes and ETFs which are
stronger than the
DJI fail to get back above their downtrend-line and
instead make new lows, they
will each be completing a bearish continuation head and
shoulders pattern.
See how their recent advances have taken them up to
pinacles that match
in height away from their neckline that the potential left
shoulders made. (I
have circled these potential head and shoulders below.)
So, the NASDAQ, QQQ and SPY must not stall out badly
here and
break their recent support-levels. If they do, it
will be bearish despite the
seasonality. It will show that the short-term rates
will soon be well above 5%,
that there will likely be many more big lay-offs and the
FED is guiding the national
economy into a recession. This may happen. History
shows many cases
where Fed tightening led to a recession or worse.
Watch GS, AMGN and HD, in particular. If they
breakdown below their
recent support levels, the DJI will be acting as it did in
early 1977 when
both monetary and fiscal policy were tightening. The
NASDAQ held up
until mid-1977, but then collapsed as the DJI kept falling.
This has not happened yet. The Peerless Buy signals
still argue the bullish case here.
But if you are nervous, the leveraged short ETFs might be
bought if the
bearish scenario starts to play out. |
|
| |
Charts - 1/20/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90120.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-20-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-20-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
1/20/2023
DJIA 33375.49 330.93 +1.00%
S&P 500 3972.61 73.76 +1.89%
Nasdaq 11140.43 288.17 +2.66%
NYSE Advances 2,500 vs 1,245
NYSE Declines 640 vs 1,822
New highs 47 + 85 = 132
New lows 16 + 29 = 45
NYSE Latest Close Previous Close Week Ago
Issues traded 3,252 3,187 3,205
Advances 2,500 1,245 1,925
Declines 640 1,822 1,167
Unchanged 112 120 113
New highs 47 40 104
New lows 16 18 6
Adv. volume* 837,164,455 261,170,114 471,814,968
Decl. volume* 128,560,067 573,585,165 295,435,461
Total volume* 974,935,396 845,694,626 774,903,426
Closing Arms (TRIN)† 0.67 1.55 1.06
Block trades* 4,936 4,338 4,094
Adv. volume 3,365,787,147 1,193,612,243 2,379,811,255
Decl. volume 575,785,911 2,709,574,124 1,522,407,875
Total volume 4,013,367,633 3,991,509,166 3,939,706,459
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,838 4,827 4,844
Advances 3,342 1,698 2,895
Declines 1,269 2,883 1,671
Unchanged 227 246 278
New highs 85 71 121
New lows 29 34 19
Closing Arms (TRIN)† 0.41 1.50 1.25
Block trades 55,593 31,228 34,314
Adv. volume 5,127,830,044 1,295,889,963 2,908,204,732
Decl. volume 803,910,467 3,309,826,841 2,104,475,210
Total volume 5,980,112,286 4,660,802,928 5,077,997,580
|
Table 2 QUICKSILVER on ETFS - 1/20/2023 ---
Bullish = 9 COMPQX, MDY, IWM, FAS, RETL, SOXL TECL, GLD, YINN (highest 1.55)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 333.67 3.04 343.04 -123.4% ------- BLUE .205 0 ----
---------------------------------------------------------------------------------------------
COMPQX 11140.43 288.16 11079.16 63.3% ------- BLUE .214 .039 .253
---------------------------------------------------------------------------------------------
SPY 395.88 7.24 398.5 -13.7% ------- BLUE .183 .026 .209
---------------------------------------------------------------------------------------------
QQQ 282.68 7.53 280.97 65.1% ------- BLUE .195 .04 .235
---------------------------------------------------------------------------------------------
MDY 466.2 7.48 470.65 -23.2% Bullish BLUE .224 .037 .261
---------------------------------------------------------------------------------------------
IWM 185.04 3 187.05 -21.3% ------- BLUE .286 .015 .301
---------------------------------------------------------------------------------------------
FAS 80.22 3.58 85.92 -243.6% Bullish BLUE .24 .049 .289
---------------------------------------------------------------------------------------------
RETL 8.55 .59 8.95 -214.7% ------- BLUE .307 .113 .42
---------------------------------------------------------------------------------------------
SOXL 12.79 1.02 12.95 -11.8% ------- BLUE .151 .318 .469
---------------------------------------------------------------------------------------------
TECL 25.61 1.86 25.24 114.7% ------- BLUE .177 .116 .293
---------------------------------------------------------------------------------------------
IBB 135.47 1.42 136.23 13.3% ------- BLUE .134 .034 .168
---------------------------------------------------------------------------------------------
GLD 179.29 -.6 178.76 74.4% Bullish BLUE .211 .134 .345
---------------------------------------------------------------------------------------------
DBO 15.55 .15 15.32 157.2% Bullish ---- .188 -.14 .048
---------------------------------------------------------------------------------------------
OIH 320.51 4.61 327.94 -79% Bullish BLUE .149 -.007 .142
---------------------------------------------------------------------------------------------
CPER 25.93 .16 25.55 133% Bullish BLUE -.065 .179 .114
---------------------------------------------------------------------------------------------
TAN 79.47 1.51 81.74 -136.3% ------- BLUE .008 .097 .105
---------------------------------------------------------------------------------------------
UUP 27.44 -.04 27.47 -7.3% Bearish RED -.065 -.091 -.156
---------------------------------------------------------------------------------------------
CORN 26.49 0 26.63 -1.9% Bullish ---- .223 -.037 .186
---------------------------------------------------------------------------------------------
WEAT 7.53 .07 7.51 6.7% Bullish BLUE .09 -.15 -.06
---------------------------------------------------------------------------------------------
YINN 67.98 4.58 65.88 377.5% Bullish BLUE .234 1.314 1.548
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/20/23
Bullish = 42
Bearish = 6
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 1 .833 .833 1 1
INFRA .939 .787 .969 1 .969 .939
GOLD .934 .934 .913 .934 .956 .956
BONDFUND .908 .908 .908 .873 .885 .885
HOMEBLDG .888 .833 .888 .888 .888 .888
ETFS .872 .89 .89 .89 .89 .854
JETS .846 .846 .923 .923 1 .923
CHINA .818 .84 .795 .818 .818 .795
INDEXES .81 .729 .805 .816 .832 .827
SEMI .797 .819 .872 .882 .882 .851
-----
INDMATER .791 .722 .791 .805 .833 .833
GREEN .777 .666 .777 .888 .888 .833
ELECTRON .774 .781 .827 .849 .842 .812
HIGHPRIC .771 .625 .715 .793 .793 .775
INSURANC .76 .68 .8 .92 .92 .92
GAMING .736 .631 .631 .736 .789 .842
TRANSP .736 .631 .684 .736 .789 .789
SOFTWARE .732 .625 .625 .696 .66 .66
REIT .73 .646 .715 .792 .761 .807
GUNS .714 .571 .714 .785 .857 .857
UTILITY .71 .657 .763 .947 .921 .947
RUS-1000 .708 .6 .683 .764 .772 .764
-----
NIFTY .704 .568 .636 .681 .681 .681
AUTO .698 .547 .66 .698 .716 .773
CHEM .697 .604 .697 .744 .767 .79
FIDSTKS .692 .538 .621 .733 .739 .721
SP500 .682 .581 .664 .763 .777 .779
-----
COAL .666 .333 .333 .5 .333 .333
NASD-100 .66 .58 .64 .72 .71 .71
-----
HOSPITAL .642 .642 .714 .785 .785 .714
COMODITY .641 .615 .589 .666 .615 .589
RETAIL .638 .595 .659 .723 .68 .68
FOOD .632 .591 .591 .673 .612 .551
SOLAR .625 .562 .75 .75 .75 .687
BIOTECH .607 .576 .599 .642 .656 .647
FINANCE .6 .512 .612 .675 .75 .75
LOWPRICE .598 .578 .587 .618 .621 .578
OILGAS .59 .542 .504 .609 .6 .58
SP-100 .566 .455 .555 .677 .733 .722
COMPUTER .55 .55 .55 .65 .7 .65
DOWJONES .533 .4 .533 .8 .833 .766
-----
----------------------------------------------------------------------------------------------
HACKERS .5 .437 .5 .375 .437 .312
----------------------------------------------------------------------------------------------
BEVERAGE .428 .428 .428 .571 .571 .571
BIGBANKS .428 .428 .428 .428 .714 .571
MILITARY .423 .423 .384 .576 .692 .692
REGBANKS .4 .32 .32 .36 .52 .48
DJI-13 .384 .23 .307 .615 .692 .615
MARIJUAN .2 .1 .3 .3 .4 .3
|
=================================================================================
Friday - 6:10 AM - Futures: DJI -26 NASDAQ +35
Data Used: 1/19/2023
| |
1/19/2023
DJIA 33044.56 -252.40 -0.76%
S&P 500 3898.85 -30.01 -0.76%
Nasdaq 10852.27 -104.74 -0.96
Advances 1,245 vs 1,077
Declines 1,822 vs 2,041
New highs 40 +71 = 111
New lows 18 +34 = 52
|
|
| |
Yesterday's
Buy B20 is historically expecially powerful in Januares and
when it occurs in tandem with
an earlier B20. Will Peerless be able to
bring a rally now with more
FED offcials talking about tightening and with
Congress seemingly divided
hopelessly about what to do about the issue of
raising the debt ceiling?
Don't count Peerless out.
Third years in the four year cycle show DJI gains of
nearly 3
times what the other years in the cycle bring. The reason that the third
years are so bullish has to
do with the politicians preparing for the next
Presidential Election by
doing things to win more votes and get bigger
campaign contributions.
Shutting down government and not paying the
govenment's bills is not the
way to do these things. Democrats and Republicans
will probably unite sooner
than later to keep the government running. And as
for the Fed, talk of
more tightening is a lot easier than running roughshod
over the wishes of the
politicians who want re-election. Look for increasing
signs that the FOMC is
becoming divided over its tightening policies. The
Dallas Fed Chairman may be
joined by others who oppose the "hawks"..
But it will take some time.
See in our charts how the key ETFs and
Indexes must recover what
they lost this week to get back to their price
downtrends. And see how
the Closing Powers will need to turn up
to show that Professionals
are ready to buy aggressively again.
The DJI is losing its
leadership role to the NASDAQ and SP-500 which
have now outperformed it over
the last 50 trading days. This is a good sign,
It shows breadth remains
favorable and the markets' underpinnings are
better than back in 2011.
But for now, I've suggested hedging with
some leveraged short ETFs
while the market regains its footing. We
can see that the two highest
priced DJI stocks, the most heavily weighted,
UNH and GS, actually rose
today. But we do not want to see DIA's
Closing Power break its
support levels and we do not want to see CAT
fall below its recent point
of breakout. Watch the key charts below to
see if they decisively break
their 65-dma. If they do, the repairing process
will take longer. |
|
| |
Charts - 1/19/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90119.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-19-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-19-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
Key DJI-30 Stocks
 |
 |
 |
 |
 |
 |
Table 1 - Breadth and Volume Statistics 1/19/2023
DJIA 33044.56 -252.40 -0.76%
S&P 500 3898.85 -30.01 -0.76%
Nasdaq 10852.27 -104.74 -0.96
Advances 1,245 vs 1,077
Declines 1,822 vs 2,041
New highs 40 +71 = 111
New lows 18 +34 = 52
NYSE Latest Close Previous Close Week Ago
Issues traded 3,187 3,229 3,225
Advances 1,245 1,077 2,372
Declines 1,822 2,041 746
Unchanged 120 111 107
New highs 40 101 108
New lows 18 8 12
Adv. volume* 261,170,114 128,638,731 639,502,729
Decl. volume* 573,585,165 747,024,729 210,754,548
Total volume* 845,694,626 887,577,972 861,651,544
Closing Arms (TRIN)† 1.55 2.71 0.93
Block trades* 4,338 4,355 4,423
Adv. volume 1,193,612,243 687,292,155 3,390,118,981
Decl. volume 2,709,574,124 3,529,549,793 994,104,614
Total volume 3,991,509,166 4,298,711,416 4,440,261,643
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,827 4,847 4,794
Advances 1,698 1,558 3,269
Declines 2,883 3,090 1,308
Unchanged 246 199 217
New highs 71 115 139
New lows 34 27 26
Closing Arms (TRIN)† 1.50 1.46 0.98
Block trades 31,228 34,494 40,660
Adv. volume 1,295,889,963 1,341,823,971 4,035,847,518
Decl. volume 3,309,826,841 3,884,130,966 1,588,522,892
Total volume 4,660,802,928 5,288,639,185 5,681,244,198
|
Table 2 QUICKSILVER on ETFS - 1/19/2023 ---
Bullish = 4 RETL, SOXL GLD, YINN (highest 1.37)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 330.63 -2.34 342 -134.5% Bearish RED .15 --------------
---------------------------------------------------------------------------------------------
COMPQX 10852.27 -104.74 11001.11 -36% - ------ RED .14 .016 .156
---------------------------------------------------------------------------------------------
SPY 388.64 -2.85 396.96 -86.9% ------- RED .114 .013 .127
---------------------------------------------------------------------------------------------
QQQ 275.15 -2.73 279.05 -42.9% ------- RED .116 .02 .136
---------------------------------------------------------------------------------------------
MDY 458.72 -4.76 468.36 -57.8% Bullish RED .146 .025 .171
---------------------------------------------------------------------------------------------
IWM 182.04 -1.76 185.83 -19.4% ------- RED .178 -.001 .177
---------------------------------------------------------------------------------------------
FAS 76.64 -2.84 84.22 -416.8% Bullish BLUE .18 .026 .206
---------------------------------------------------------------------------------------------
RETL 7.96 -.48 8.92 -427.8% ------- RED .249 .064 .313
---------------------------------------------------------------------------------------------
SOXL 11.77 -1.05 12.82 -245.9% ------- RED .106 .289 .395
---------------------------------------------------------------------------------------------
TECL 23.75 -.85 25.04 -148.1% ------- RED .119 .083 .202
---------------------------------------------------------------------------------------------
IBB 134.05 -1.21 135.11 2.2% ------- RED .058 .024 .082
---------------------------------------------------------------------------------------------
GLD 179.89 2.81 176.64 148.9% Bullish BLUE .187 .13 .317
---------------------------------------------------------------------------------------------
DBO 15.4 .24 15.07 138.3% Bullish BLUE .198 -.158 .04
---------------------------------------------------------------------------------------------
OIH 315.9 -.74 325.62 -28.4% Bullish BLUE .117 .008 .125
---------------------------------------------------------------------------------------------
CPER 25.77 .2 25.25 84.4% Bullish BLUE -.106 .131 .025
---------------------------------------------------------------------------------------------
TAN 77.96 -3.83 81.68 -138% Bearish RED -.058 .057 -.001
---------------------------------------------------------------------------------------------
UUP 27.48 -.07 27.48 -49% Bearish ---- -.005 -.099 -.104
---------------------------------------------------------------------------------------------
CORN 26.49 -.24 26.5 96% Bullish RED .236 -.048 .188
---------------------------------------------------------------------------------------------
WEAT 7.46 -.05 7.52 -19.9% Bullish ---- .064 -.165 -.101
---------------------------------------------------------------------------------------------
YINN 63.4 3.67 63.24 -122.8% Bullish BLUE .173 1.184 1.357
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/19/23
Bullish = 39
Bearish = 10
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
EDU 1 .833 .833 1 1 1
GOLD .934 .913 .934 .956 .956 .956
BONDFUND .908 .908 .873 .885 .885 .862
ETFS .89 .89 .89 .89 .872 .872
JETS .846 .923 .923 1 1 .846
CHINA .84 .795 .818 .818 .795 .795
HOMEBLDG .833 .888 .888 .888 .888 .888
SEMI .819 .872 .882 .882 .84 .829
INFRA .787 .969 1 .969 .939 .939
ELECTRON .781 .827 .849 .842 .804 .796
INDEXES .729 .805 .816 .832 .827 .81
INDMATER .722 .791 .805 .833 .833 .833
INSURANC .68 .8 .92 .92 .92 .88
GREEN .666 .777 .888 .888 .833 .722
UTILITY .657 .763 .947 .921 .947 .921
REIT .646 .707 .8 .769 .8 .676
HOSPITAL .642 .714 .785 .785 .714 .714
GAMING .631 .631 .684 .842 .842 .789
TRANSP .631 .684 .736 .789 .789 .736
HIGHPRIC .625 .715 .793 .793 .775 .762
SOFTWARE .625 .642 .696 .66 .678 .589
COMODITY .615 .589 .641 .615 .589 .564
CHEM .604 .697 .744 .767 .79 .767
RUS-1000 .6 .683 .764 .772 .765 .74
=====
RETAIL .595 .659 .723 .68 .68 .659
FOOD .591 .591 .653 .612 .551 .53
SP500 .581 .664 .763 .773 .783 .771
NASD-100 .58 .64 .72 .71 .71 .71
====
LOWPRICE .578 .59 .621 .621 .578 .544
BIOTECH .576 .596 .644 .656 .647 .588
GUNS .571 .714 .785 .857 .857 .857
NIFTY .568 .636 .681 .681 .681 .636
SOLAR .562 .75 .75 .75 .687 .5
COMPUTER .55 .55 .65 .7 .65 .75
AUTO .547 .66 .698 .716 .773 .716
OILGAS .542 .504 .609 .6 .58 .523
FIDSTKS .538 .621 .733 .739 .721 .704
FINANCE .512 .612 .675 .737 .737 .675
===================================================================================================
SP-100 .455 .555 .677 .733 .722 .755
HACKERS .437 .5 .375 .437 .375 .375
BEVERAGE .428 .428 .571 .571 .571 .571
BIGBANKS .428 .428 .428 .714 .571 .571
MILITARY .423 .384 .576 .692 .692 .615
DOWJONES .4 .533 .8 .833 .766 .8
=====
COAL .333 .333 .5 .333 .333 .166
REGBANKS .32 .32 .36 .52 .48 .36
DJI-13 .23 .307 .615 .692 .615 .769
MARIJUAN .1 .3 .3 .4 .3 .2
|
==================================================================================
Thursday - 5:45 AM - Futures:
DJI -274 NASDAQ -97 Data Used:
1/18/2023
| |
1/18/2023
DJIA 33296.96 -613.89 -1.81%
S&P 500 3928.86 -62.11 -1.56%
Nasdaq 10957.01 -138.10 -1.24%
NYSE Advances 1,077 vs 1,690
Declines 2,041 vs 1,424
New highs 101 + 115 = 216
New lows 8 + 27 = 35 97,410
|
|
| |
The market is suddenly in panic mode
about the fact that a deadlocked
Congress may not raise the Federal Debt
limit anytine soon, this making
a default on Federal loan debt
increasingly likely. Perhaps, it was distracted
until today by the rising prices in quite
a few smaller companies' stocks.
Perhaps, it was watching to see if the
Nasdaq, QQQ and SPY could break
their year-long downtrendlines as IWM had
just dome. Perhaps, it believed
that the recent decline in 10-year rates
and the rise in the bond market was
signalling an easing off the the process
of raising rates by the FED because
Inflation is moderating and any more
tightening of short-term rates would
cause a economic cruch.
https://www.nytimes.com/2023/01/19/us/politics/debt-limit-economy.html
The bulls wanted to believe these things.
But on Tuesday Retail sales
turned down, more tech lay offs were announced
and the FED has brought
about a huge inversion of short-term rates (now
above 4.5%) and ten-year
treasuries (now only 3.375%). Such
inversions are reliably bearish. The
FED is in full tigtening mode. Even the
Governor of the Dallas FED
broke ranks with Powell openly on this today.
Meanwhile, blue chip
investors are dumping their stocks and buying
10-year Treasuries as a
haven. Interestingly, it was the New York
Times article about how
Wall Street was too brazenly forgetting how the
two sides in Congress
back in 2011 caused a 10% decline when the fear
of FED defaults was
nowhere near as well-founded as now. With
very good iinsight, they
said Congress would probably not be tamed this
time around unless they
see the markets again in a panic.
Peerless, the technical system of Buys and
Sells. knows nothing of this.
and issued another Buy B20 because there have
been four excellent
breadth days on the NYSE over the last eight
trading days. A case can
be made for the new Buy B20 which appeared
today. First, Buy B20s
usually prove profitable, although less so
since 2000. Second, that
the two January Buy B20s have in the past been
very profitabe. And third,
that paired Buy B20s have all been very profitable.
See that the second
Buy B20 in the last six days occurred today and
see the table of Buy B20s
since 1929 just below.
The Closing Power steep uptrends in the key
ETFs were all broken today by
the big decline after the opening on January
18th. Various type of red
candle-sticks show a trend reversal down is at
hand. Until the Closing
Powers can hook back up, we must assume lower
prices lie ahead.
This is not a good time to be hold long
leveraged ETFs, rather one
could consider hedging by buying some of
leveraged short ETFs,
especially those with big gains from their new
RED buy signals,
like LABD (+529), TECS (+302%) and
TZA(+211%).
|
|
| |
The blue
highlights mark the B20s that occurred in January or as the second in a pair.
These consistently brought the best gains.PEERLESS B20 SIGNALS: 12/7/1928 - 11/3/2022
Date Signal DJI Gain Paper Loss
--------------------------------------------------------------
19310721 B20 146.7 -.034 134.1 -.0858
19340817 B20 91.1 .016 90.4 -.0076
19351122 B20 144.6 -.011 138.90 -.0394
19380922 B20 137.4 .146 129.9 -.0545 high
19380928 B20 133.7 .178 none 0
(2nd in pair.)
19390202 B20 144.3 .036 none 0
19431110 B20 132.7 .236 129.6 -.0233
19431207 B20 133.4 .229 none 0
19451205 B20 193.1 .032 189.1 -.0207
19461204 B20 170.3 .078 none 0
19470529 B20 169.3 .092 none 0
19500720 B20 207.7 .247 203.8 -.0187
19500727 B20 206.1 .25 203.8 0
(2nd in pair.)
19501109 B20 227.2 .14 222.3 -.0215
(January B20)
19540112 B20 281.5 .664 none 0
(January B20)
19580122 B20 445.7 .459 436.9 -.0197
(2nd in pair.)
20070831 B20 13357.74 .034 13113.3 -.0182 |
20130701 B20 14974.96 .032 none 0
20131017 B20 15371.65 .074 none 0
(2nd in pair. )
20140213 B20 16027.59 .060 none 0
20140818 B20 16838.74 .085 none 0
20151223 B20 17602.61 .007 none 0
20160629 B20 17694.68 .036 none 0
20180404 B20 24505.22 .022 23932.76 -.0234
20190819 B20 26135.79 .027 25479.42 -.024
20200611 B20 25128.17 .06 25015.55 -.001
--------------------------------------------------------------
N= 26 Avg.Gain= .122 Avg.Paper Loss= -.014
|
|
| |
Charts - 1/18/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90118.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-18-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-18-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1
1/18/2023
DJIA 33296.96 -613.89 -1.81%
S&P 500 3928.86 -62.11 -1.56%
Nasdaq 10957.01 -138.10 -1.24%
NYSE Advances 1,077 vs 1,690
Declines 2,041 vs 1,424
New highs 101 + 115 = 216
New lows 8 + 27 = 35
NYSE Latest Close Previous Close Week Ago
Issues traded 3,229 3,218 3,220
Advances 1,077 1,690 2,396
Declines 2,041 1,424 707
Unchanged 111 104 117
New highs 101 126 81
New lows 8 10 5
Adv. volume* 128,638,731 401,699,725 620,774,638
Decl. volume* 747,024,729 480,832,258 226,405,711
Total volume* 887,577,972 891,837,674 857,218,314
Closing Arms (TRIN)† 2.71 1.17 1.29
Block trades* 4,355 4,587 4,640
Adv. volume 687,292,155 2,102,992,140 3,071,681,051
Decl. volume 3,529,549,793 2,080,439,423 1,164,931,419
Total volume 4,298,711,416 4,235,562,719 4,303,366,847
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,847 4,875 4,854
Advances 1,558 2,406 3,198
Declines 3,090 2,259 1,438
Unchanged 199 210 218
New highs 115 136 127
New lows 27 23 30
Closing Arms (TRIN)† 1.46 0.68 0.52
Block trades 34,494 36,564 36,837
Adv. volume 1,341,823,971 3,100,669,073 4,212,746,375
Decl. volume 3,884,130,966 1,976,809,286 991,903,604
Total volume 5,288,639,185 5,138,416,783 5,284,397,410
|
Table 2 QUICKSILVER on ETFS - 1/18/2023 ---
Bullish = 8 FAS, RETL, SOXL, TECL. GLD, OIH, CPER, YINN (highest 1.6367)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 332.97 -6.19 339.76 -62.6% Bearish RED .183 --------------
---------------------------------------------------------------------------------------------
COMPQX 10957.01 -138.1 10931.67 97.7% Bullish RED .134 .018 .152
---------------------------------------------------------------------------------------------
SPY 391.49 -6.28 395.52 11.5% Bullish RED .113 .014 .127
---------------------------------------------------------------------------------------------
QQQ 277.88 -3.66 277.55 90.7% Bullish RED .101 .026 .127
---------------------------------------------------------------------------------------------
MDY 463.48 -6.16 464.12 54% Bullish RED .16 .033 .193
---------------------------------------------------------------------------------------------
IWM 183.8 -3.02 182.76 89.1% Bullish RED .2 .002 .202
---------------------------------------------------------------------------------------------
FAS 79.48 -4.8 83.6 -124.5% Bullish RED .198 .105 .303
---------------------------------------------------------------------------------------------
RETL 8.44 -.37 8.71 189.7% ------- RED .25 .103 .353
---------------------------------------------------------------------------------------------
SOXL 12.82 -.24 12.4 336.2% Bullish RED .138 .584 .722
---------------------------------------------------------------------------------------------
TECL 24.6 -.97 24.49 264.9% Bullish RED .105 .161 .266
---------------------------------------------------------------------------------------------
IBB 135.26 -1.02 133.99 75.2% ------- RED .069 .016 .085
---------------------------------------------------------------------------------------------
GLD 177.08 -.51 174.62 66.3% Bullish RED .171 .126 .297
---------------------------------------------------------------------------------------------
DBO 15.16 -.21 14.98 192.5% Bullish RED .179 -.149 .03
---------------------------------------------------------------------------------------------
OIH 316.64 -13.45 317.74 -21.9% Bullish RED .138 .012 .15
---------------------------------------------------------------------------------------------
CPER 25.57 -.1 25.34 173.9% Bullish RED -.128 .197 .069
---------------------------------------------------------------------------------------------
TAN 81.79 -.5 80.21 294.7% Bullish RED .018 .087 .105
---------------------------------------------------------------------------------------------
UUP 27.55 0 27.75 -36.2% Bearish BLUE .056 -.135 -.079
---------------------------------------------------------------------------------------------
CORN 26.73 -.24 25.98 149.6% Bullish RED .291 -.056 .235
---------------------------------------------------------------------------------------------
WEAT 7.51 -.07 7.49 73.3% Bullish RED .09 -.171 -.081
---------------------------------------------------------------------------------------------
YINN 59.73 -1.92 64.95 -261.2% Bullish RED .123 1.513 1.636
|
Table 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/18/23
Bill;ish = 41
Bearish = 7
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
INFRA .969 1 .969 .939 .939 .878
JETS .923 .923 1 1 .846 .846
GOLD .913 .934 .956 .956 .956 .956
BONDFUND .908 .873 .885 .885 .873 .862
ETFS .89 .89 .89 .872 .872 .818
HOMEBLDG .888 .888 .888 .888 .888 .888
SEMI .872 .882 .882 .84 .819 .819
EDU .833 .833 1 1 1 1
ELECTRON .827 .849 .842 .804 .796 .781
INDEXES .805 .816 .832 .827 .81 .751
INSURANC .8 .92 .92 .92 .88 .84
CHINA .795 .818 .818 .795 .795 .772
INDMATER .791 .805 .833 .833 .833 .777
GREEN .777 .888 .888 .833 .722 .722
UTILITY .763 .947 .921 .947 .921 .894
SOLAR .75 .75 .75 .687 .5 .5
HIGHPRIC .715 .793 .793 .775 .771 .689
GUNS .714 .785 .857 .857 .857 .642
HOSPITAL .714 .785 .785 .714 .714 .642
REIT .707 .792 .776 .807 .669 .461
CHEM .697 .744 .767 .79 .767 .744
TRANSP .684 .736 .789 .789 .736 .736
RUS-1000 .683 .764 .772 .765 .745 .679
----
SP500 .664 .763 .773 .779 .779 .709
----
AUTO .66 .698 .716 .773 .716 .66
RETAIL .659 .723 .68 .68 .659 .595
SOFTWARE .642 .714 .66 .678 .642 .535
NASD-100 .64 .72 .71 .71 .72 .65
-----
NIFTY .636 .681 .681 .681 .681 .568
GAMING .631 .684 .789 .894 .789 .631
FIDSTKS .621 .733 .739 .721 .71 .668
FINANCE .612 .675 .737 .725 .687 .675
BIOTECH .596 .642 .659 .647 .59 .565
FOOD .591 .653 .591 .551 .53 .53
LOWPRICE .59 .624 .624 .578 .55 .504
COMODITY .589 .641 .589 .589 .564 .589
SP-100 .555 .677 .733 .722 .755 .711
COMPUTER .55 .65 .7 .65 .75 .75
DOWJONES .533 .8 .833 .766 .833 .866
-----
big drop
OILGAS .504 .609 .6 .58 .523 .523
=============================================================================================
HACKERS .5 .375 .437 .375 .375 .312
=============================================================================================
BEVERAGE .428 .571 .571 .571 .571 .571
BIGBANKS .428 .428 .714 .571 .571 .571
MILITARY .384 .576 .692 .692 .653 .576
COAL .333 .5 .333 .333 .166 .166
REGBANKS .32 .36 .52 .48 .36 .4
DJI-13 .307 .615 .692 .615 .769 .846
MARIJUAN .3 .3 .4 .3 .2 .1
|
==============================================================================
Wednesday
- 5:57 AM - Futures: DJI +40 NASDAQ +50 Data
Used: 1/17/2023
| |
1/17/2023 DJIA 33910.85 -391.76 -1.14%
S&P 500 3990.97 -8.12 -0.20%
Nasdaq 11095.11 15.96 0.14%
Advances 1,690 1,925 2,219
Declines 1,424 1,167 877
New highs 126 136 = 262
New lows 10 23 = 33
|
|
| |
The two most
heavily weighted DJI stocks in the DJI, UNH and
and GS, just by themselves,
accounted for nearly 200 of the DJI
sell-off today. Profit-taking
in other DJI stocks accounted for the
rest as the DJIA's retreat back
from the resistance-line at 34,500 shown
below. The Peerless Buys
still are viable. There were only 266 more
down than up and there was no new
Sell signal in easy sight. The key
ETFs Closing Powers are all still
rising.
The NASDAQ and QQQ, according
to our ITRS (50-day Relative
Strength) have caught up with
the DJI. They managed small gains
gains and were unphased by
the big drop in the DJI. Clearly, money is
now being switch from blue
chips into beaten down techs. Signficantly,
MSFT rose back above its
65-dma resistance. Now we need to see
Facebook, Google, Intuit,
Paypal and Wells Fargo do the same. Watch
them.
Can the markets ignore the
threat of a Federal Government default
on its debt if Congress does
not pass a debt limit incease? Many
pundits (NY Times tonight,
for example) believe the markets have
not factored this is.
They correctly recall that it was the leading
indexes' 17% percent decline
in August 2011 that convinced Congress
to pass a bill to expland the
debt limit. By their thinking, the DJI
will need to sell off again
before Congress will raise the debt limit.
This may be true, but
Professionals are net-buyers now as is "big
money", measured by our
Accumulation Index (IP21). That
was not true at the top back
at the top in 2011. Apparently, Professionals
are pleased with the recovery
and intend to "milk" it further. So, shall
we until Peerless gives a
Sell.
Look below at the chart of
IWM below. See how it has already broken
above its downtrend-line
going back to the start of last year. As
a result, we see a number of
beaten-down secondary stocks coming
back strongly in our Bullish
MAXCP charts. Now the SP-500,
QQQ and NASDAQ are challnging
their year-long price-downtrendlines.
See these below. If
these resistance-lines can be broken above, I
would expect a lot more
buying of beaten-down stock turnarounds.
Note how far many of the
Bullish MAXCPs might rise if they were
to get back to their five
year highs. The stocks in this list that show
very high Accumulation should
be bought with the expectation that
we will see trend-breaks in
the NASDAQ, QQQ and SP-500.
The bullish seasonality and
Professional buying are trumping the
relative low volume of the
recovery. The market, in my judgement
is facing a potential credit
default with surprising bullishness. Either
Professionals trust the FED
will ease off the rate hikes or Putin will
find a way to end his
war on Ukraine in a few months.
|
|
| |
Charts - 1/17/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
Gold Stocks
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90117.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-17-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-17-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
1/17/2023
DJIA 33910.85 -391.76 -1.14%
S&P 500 3990.97 -8.12 -0.20%
Nasdaq 11095.11 15.96 0.14%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,218 3,205 3,211
Advances 1,690 1,925 2,219
Declines 1,424 1,167 877
Unchanged 104 113 115
New highs 126 104 61
New lows 10 6 6
Adv. volume* 401,699,725 471,814,968 576,499,853
Decl. volume* 480,832,258 295,435,461 185,398,824
Total volume* 891,837,674 774,903,426 779,395,947
Closing Arms (TRIN)† 1.17 1.06 0.73
Block trades* 4,587 4,094 4,246
Adv. volume 2,102,992,140 2,379,811,255 2,910,234,212
Decl. volume 2,080,439,423 1,522,407,875 839,364,173
Total volume 4,235,562,719 3,939,706,459 3,851,036,239
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,875 4,844 4,783
Advances 2,406 2,895 3,247
Declines 2,259 1,671 1,326
Unchanged 210 278 210
New highs 136 121 102
New lows 23 19 39
Closing Arms (TRIN)† 0.68 1.25 0.60
Block trades 36,564 34,314 32,689
Adv. volume 3,100,669,073 2,908,204,732 3,707,433,054
Decl. volume 1,976,809,286 2,104,475,210 914,818,242
|
Table 2 QUICKSILVER on ETFS - 1/17/2023 ---
Bullish = 7 FAS, RETL, SOXL, GLD, OIH, CPER, YINN (highest 1.77)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 339.16 -3.88 337.23 57% Bullish RED .212 0 --------
---------------------------------------------------------------------------------------------
COMPQX 11095.11 15.95 10742.63 211.2% Bullish BLUE .144 -.001 .143
---------------------------------------------------------------------------------------------
SPY 397.77 -.73 390.58 125.8% Bullish RED .133 .006 .139
---------------------------------------------------------------------------------------------
QQQ 281.54 .57 272.83 199.1% Bullish BLUE .104 .004 .108
---------------------------------------------------------------------------------------------
MDY 469.64 -1.01 458.44 168.7% Bullish RED .179 .03 .209
---------------------------------------------------------------------------------------------
IWM 186.82 -.23 180.51 244.5% Bullish RED .2 -.003 .197
---------------------------------------------------------------------------------------------
FAS 84.28 -1.64 81.57 251% Bullish RED .261 .121 .382
---------------------------------------------------------------------------------------------
RETL 8.81 -.14 8.11 697.1% Bullish ---- .305 .161 .466
---------------------------------------------------------------------------------------------
SOXL 13.06 .11 11.97 620.2% Bullish BLUE .132 .53 .662
---------------------------------------------------------------------------------------------
TECL 25.57 .33 23.29 558.2% ------- BLUE .122 .084 .206
---------------------------------------------------------------------------------------------
IBB 136.28 .05 133.23 224.3% ------- BLUE .093 .013 .106
---------------------------------------------------------------------------------------------
GLD 177.59 -1.17 174.74 99.3% Bullish RED .165 .11 .275
---------------------------------------------------------------------------------------------
DBO 15.37 .05 14.58 248.1% Bullish RED .178 -.161 .017
---------------------------------------------------------------------------------------------
OIH 330.09 2.15 318.06 278.8% Bullish BLUE .256 .075 .331
---------------------------------------------------------------------------------------------
CPER 25.67 .12 24.69 275.7% Bullish BLUE .125 .183 .308
---------------------------------------------------------------------------------------------
TAN 82.29 .55 77.04 479.3% Bullish BLUE -.043 .121 .078
---------------------------------------------------------------------------------------------
UUP 27.55 .08 27.75 -32.6% Bearish BLUE .067 -.142 -.075
---------------------------------------------------------------------------------------------
CORN 26.97 .34 25.94 200.4% Bullish BLUE .364 -.069 .295
---------------------------------------------------------------------------------------------
WEAT 7.58 .07 7.4 33.4% Bullish BLUE .124 -.179 -.055
---------------------------------------------------------------------------------------------
YINN 61.65 -4.23 63.06 48.7% Bullish RED .119 1.651 1.77
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/17/23
Bullish = 44
Bearish = 4
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 .857
INFRA 1 .969 .939 .939 .878 .878
UTILITY .947 .921 .947 .921 .894 .842
GOLD .934 .956 .956 .956 .956 .891
JETS .923 1 1 .846 .846 .769
INSURANC .92 .92 .92 .88 .84 .84
ETFS .89 .89 .872 .872 .836 .818
GREEN .888 .888 .833 .722 .722 .666
HOMEBLDG .888 .888 .888 .888 .888 .833
SEMI .882 .882 .84 .819 .808 .797
BONDFUND .873 .885 .885 .873 .873 .862
ELECTRON .849 .842 .804 .796 .774 .751
EDU .833 1 1 1 1 1
CHINA .818 .818 .795 .795 .772 .772
INDEXES .816 .832 .827 .81 .756 .708
INDMATER .805 .833 .833 .833 .763 .722
DOWJONES .8 .833 .766 .833 .866 .766
=====
HIGHPRIC .793 .793 .775 .771 .693 .637
REIT .792 .769 .815 .676 .469 .5
GUNS .785 .857 .857 .857 .642 .642
HOSPITAL .785 .785 .714 .714 .642 .642
RUS-1000 .764 .772 .765 .745 .685 .654
SP500 .763 .773 .779 .775 .721 .69
======
SOLAR .75 .75 .687 .5 .5 .375
CHEM .744 .767 .79 .767 .744 .744
TRANSP .736 .789 .789 .736 .736 .631
FIDSTKS .733 .739 .721 .71 .674 .633
RETAIL .723 .68 .68 .659 .595 .51
NASD-100 .72 .71 .71 .72 .66 .64
=====
SOFTWARE .714 .678 .678 .642 .535 .589
AUTO .698 .716 .773 .716 .679 .547
GAMING .684 .789 .842 .842 .631 .526
NIFTY .681 .681 .681 .681 .568 .522
SP-100 .677 .733 .722 .755 .711 .655
FINANCE .675 .737 .725 .675 .687 .637
FOOD .653 .591 .53 .53 .53 .448
COMPUTER .65 .7 .65 .75 .75 .7
BIOTECH .642 .656 .65 .59 .562 .488
COMODITY .641 .589 .564 .564 .589 .538
LOWPRICE .624 .627 .581 .55 .504 .464
DJI-13 .615 .692 .615 .769 .846 .692
OILGAS .609 .6 .58 .523 .523 .485
MILITARY .576 .692 .692 .653 .576 .5
BEVERAGE .571 .571 .571 .571 .571 .642
=============================================================================================
COAL .5 .333 .333 .166 .166 .333
=============================================================================================
BIGBANKS .428 .714 .571 .571 .571 .571
HACKERS .375 .437 .375 .375 .312 .375
REGBANKS .36 .52 .48 .36 .4 .36
MARIJUAN .3 .4 .3 .2 .1 .1
|
==============================================================================
Tuesday
- 6:00 AM - Futures: DJI -246 NASDAQ -139
Data Used: 1/13/2023
| |
1/13/2023
DJIA 34189.97 216.96 +0.64%
S&P 500 3983.17 13.56 +0.34%
Nasdaq 11001.10 69.43 +0.64%
Advances 2,372 vs 2,396
Declines 746 vs 707
New highs 108 + 139 = 247
New lows 12 + 26 = 42
|
|
| |
The DJI rebounded
from being down 200 to being up 217 at the close on
Friday. Seasonality remains
quite bullish. Peerless shows a set of Buys.
The Closing Powers for DIA, SPY,
QQQ and the NASDAQ are all rising.
The positive P-Indicator and
Accumulation Index will prevent a Sell S9 and
a Sell S12. We can not get a
Sell S9-v until late April. These are all
bullish considerations.
But bearishly the volume is not
rising, the V-Indicator is a -105, the OBVPct is -.091
and the DJI closed in over-bought
territory 2.8% over its 21-day ma. With
low volume it will be hard to eat
up the overhead resistance now. In particular,
SPY has now reached its falling
200-day ma. Watch it and MSFT which is still
struggling to get past its 65-dma.
And although three of the highest priced,
most heavily weighted DJI-30 stocks
(GS, CAT and HD) are rising, we also see that
the most heavily weighted United
Health fell on Friday and has a declining Closing
Power as does AMGEN, another high
priced DJI stock.
I tried to find past examples where
the volume indicators were nearly as weak
as we now see for the Peerless DJI
chart below while the breadth and IP21
were as positive. I found
only one such case since 1929. That was on June 2, 2022.
In its case, the DJI immediately
fell 8.2% before there was a reversing Buy signal.
This instance occurred as
seasonality was weakening. In our case, after January 16th
in Presidential Elections, the DJI
rose 66.7% of the time after the next 5 trading
days, 73.3% of the time after a
month, 86.7% of the time after two months and 93.3%
after 3 months.
Even though, we are not likely to
get a Sell S9 or Sell S12, there are other
Sell signals that have taken place
in January since 1929. Those include an Sell S4.
That is a possibility if the
current IP21 were to drop below its 21-day ma on the
DJI.
My conclusion is to sell leveraged
long ETFs like SOXL, but stay long DIA, CAT
and the strongest MAXCPs as long as
their Closing Power 21-day ma are rising.
|
|
| |
Charts - 1/13/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90113.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-13-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-13-2023/BEARISH.htm |
|
 |
 |
SPY has reached falling 200-dma
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth and Volume Statistics. 1/12/2023
DJIA 34189.97 216.96 +0.64%
S&P 500 3983.17 13.56 +0.34%
Nasdaq 11001.10 69.43 +0.64%
Advances 2,372 vs 2,396
Declines 746 vs 707
New highs 108 + 139 = 247
New lows 12 + 26 = 42
NYSE Latest Close Previous Close Week Ago
Issues traded 3,225 3,220 3,235
Advances 2,372 2,396 1,293
Declines 746 707 1,831
Unchanged 107 117 111
New highs 108 81 64
New lows 12 5 37
Adv. volume* 639,502,729 620,774,638 335,046,086
Decl. volume* 210,754,548 226,405,711 527,903,261
Total volume* 861,651,544 857,218,314 867,785,830
Closing Arms (TRIN)† 0.93 1.29 0.90
Block trades* 4,423 4,640 4,272
Adv. volume 3,390,118,981 3,071,681,051 1,703,063,575
Decl. volume 994,104,614 1,164,931,419 2,160,135,607
Total volume 4,440,261,643 4,303,366,847 3,893,457,747
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,794 4,854 4,821
Advances 3,269 3,198 1,892
Declines 1,308 1,438 2,720
Unchanged 217 218 209
New highs 139 127 106
New lows 26 30 90
Closing Arms (TRIN)† 0.98 0.52 0.96
Block trades 40,660 36,837 32,833
Adv. volume 4,035,847,518 4,212,746,375 1,976,420,487
Decl. volume 1,588,522,892 991,903,604 2,733,905,411
Total volume 5,681,244,198 5,284,397,410 4,764,276,405
|
Table 2 QUICKSILVER on ETFS - 1/13/2023 ---
Bullish = 6 FAS, RETL, SOXL, GLD, OIH, YINN (highest)
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 343.04 1.04 335.29 100% Bullish BLUE .225 ==============
---------------------------------------------------------------------------------------------
COMPQX 11079.16 78.05 10635.65 236.6% Bullish BLUE .121 -.034 .087
---------------------------------------------------------------------------------------------
SPY 398.5 1.54 387.86 133% Bullish BLUE .13 -.015 .115
---------------------------------------------------------------------------------------------
QQQ 280.97 1.92 270.54 222.3% ------- BLUE .082 -.03 .052
---------------------------------------------------------------------------------------------
MDY 470.65 2.29 454.01 179.6% Bullish BLUE .184 .005 .189
---------------------------------------------------------------------------------------------
IWM 187.05 1.22 177.88 261.7% Bullish BLUE .188 -.032 .156
---------------------------------------------------------------------------------------------
FAS 85.92 1.7 80.11 295.3% Bullish BLUE .243 .101 .344
---------------------------------------------------------------------------------------------
RETL 8.95 .03 7.63 748.4% Bullish BLUE .315 .033 .348
---------------------------------------------------------------------------------------------
SOXL 12.95 .13 11.53 872.6% Bullish BLUE .101 .372 .473
---------------------------------------------------------------------------------------------
TECL 25.24 .2 22.87 662.1% ------- BLUE .086 -.043 .043
---------------------------------------------------------------------------------------------
IBB 136.23 1.12 130.28 116% ------- BLUE .086 -.001 .085
---------------------------------------------------------------------------------------------
GLD 178.76 2.12 174.1 144.5% Bullish BLUE .181 .114 .295
---------------------------------------------------------------------------------------------
DBO 15.32 .25 14.63 315.7% Bullish BLUE .188 -.15 .038
---------------------------------------------------------------------------------------------
OIH 327.94 2.32 312.23 354% Bullish BLUE .221 .049 .27
---------------------------------------------------------------------------------------------
CPER 25.55 .3 24.29 356.7% Bullish BLUE .05 .169 .219
---------------------------------------------------------------------------------------------
TAN 81.74 .06 74.71 507.7% Bullish BLUE -.011 .088 .077
---------------------------------------------------------------------------------------------
UUP 27.47 -.01 27.73 -77.6% Bearish RED .006 -.136 -.13
---------------------------------------------------------------------------------------------
CORN 26.63 .13 25.92 134.3% Bullish BLUE .347 -.091 .256
---------------------------------------------------------------------------------------------
WEAT 7.51 -.01 7.53 -6.7% Bullish ---- .107 -.229 -.122
---------------------------------------------------------------------------------------------
YINN 65.88 2.64 61.03 395.9% Bullish BLUE .158 1.882 2.04
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/13/23
Bullish = 46
Bearish = 3
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 .857 .857
EDU 1 1 1 1 1 .833
JETS 1 1 .846 .846 .846 .769
INFRA .969 .939 .939 .878 .878 .878
GOLD .956 .956 .956 .956 .869 .913
UTILITY .921 .947 .921 .894 .842 .789
INSURANC .92 .92 .88 .84 .84 .84
ETFS .89 .872 .872 .836 .836 .8
GREEN .888 .833 .722 .722 .666 .611
HOMEBLDG .888 .888 .888 .888 .833 .888
BONDFUND .885 .885 .873 .873 .873 .873
SEMI .882 .84 .819 .808 .787 .744
GUNS .857 .857 .857 .642 .642 .571
ELECTRON .842 .804 .796 .774 .744 .721
DOWJONES .833 .766 .833 .866 .8 .766
======
INDMATER .833 .833 .833 .763 .722 .708
INDEXES .832 .827 .81 .756 .708 .691
CHINA .818 .795 .795 .772 .772 .795
HIGHPRIC .793 .775 .771 .693 .642 .594
GAMING .789 .842 .789 .684 .526 .473
TRANSP .789 .789 .736 .736 .684 .578
HOSPITAL .785 .714 .714 .642 .642 .642
SP500 .773 .779 .775 .717 .701 .717
=====
RUS-1000 .772 .765 .745 .685 .66 .658
=====
REIT .769 .807 .684 .476 .507 .561
CHEM .767 .79 .767 .744 .744 .72
SOLAR .75 .687 .5 .5 .375 .312
FIDSTKS .739 .721 .71 .674 .644 .674
FINANCE .737 .725 .675 .675 .65 .662
SP-100 .733 .722 .755 .711 .677 .733
AUTO .716 .773 .716 .679 .547 .547
BIGBANKS .714 .571 .571 .571 .571 .571
NASD-100 .71 .71 .72 .66 .64 .65
=====
COMPUTER .7 .65 .75 .75 .7 .65
DJI-13 .692 .615 .769 .846 .769 .769
MILITARY .692 .692 .653 .576 .538 .653
NIFTY .681 .681 .681 .568 .522 .522
RETAIL .68 .68 .659 .595 .51 .553
SOFTWARE .678 .696 .642 .535 .571 .482
BIOTECH .656 .647 .593 .562 .488 .525
LOWPRICE .627 .584 .553 .504 .455 .426
OILGAS .6 .58 .523 .523 .485 .476
FOOD .591 .53 .51 .53 .448 .448
COMODITY .589 .564 .538 .589 .538 .538
BEVERAGE .571 .571 .571 .571 .642 .642
REGBANKS .52 .48 .36 .4 .36 .4
=============================================================================================
HACKERS .437 .375 .375 .312 .375 .375
MARIJUAN .4 .3 .2 .1 .1 .1
COAL .333 .333 .166 .166 .333 .333
|
===================================================================================
Friday
- 5:55 AM - Futures: DJI -274 NASDAQ -126
Data Used: 1/12/2023
| |
1/12/2023
DJIA 34189.97 216.96 +0.64%
S&P 500 3983.17 13.56 +0.34%
Nasdaq 11001.10 69.43 +0.64%
Advances 2,372 vs 2,396
Declines 746 vs 707
New highs 108 + 139 = 247
New lows 12 + 26 = 42
|
|
| |
The DJI
rallied up to its resistance line (shown below) and closed 2.5% above
the 21-day ma on
excellent breadth. News that the CPI as a whole actually
fell in December
compared to November helped stir up the buying. But now
the DJI is
"over-bought", and although the P-I and IP21 are high enough to
allow for higher
prices, the fact is that volume is not explanding to allow the
over-head supply of
stocks to be readily eaten up.
Peerless has never
given a profitable Sell signal of any kind in January
in the year before the
Presidential Elecion year after January 10th. It could
do this, but breadth is
too positive. I believe the reason for this bullishness
has to do with the
FOMC's next meeting not being until the very end of this
month or next month.
Still, we see the technical problem. The DJI is
2.5% over the 21-day ma
and the V-I is minus 100 and OPMA (the
21-day ma of OBV Pct)
is -.072. Since the year 2000, this has been
seen only once in
January. That was in 2003, when the DJI closed at the
3.3% upper band with
the VI at -22 and the OPMA(or OBVPC) at
+.042. In this
case, there had been a Sell S12 on 1/6/2003. The results
was a rapid decline
below the lower band. Note that the DJI was already
in bear market
territory (down more than 20%) and fears were growing
back then that the US
was preparing to attack Iraq and Saddam Hussein.
We are not about
to go to war. (Let's hope.) The FED will not meet until
January 31st this year.
Inflation is easing up, the Ten-Year Bond Rates fell
below 3.5% today, Bond
funds are rising bullshly and the Dollar weakened
some more. Normally,
this would be a bullsh environment for stocks.
Technically, the 21-day
ma's of CLosing Power for the key ETFs shown
are all still falling.
It would make good technical sense now for there to be a
mild retreat of these
ETFs and their Closing Powers back to their 21-day
ma whereupon they would
again turn up. Thus, all we can foresee without
a new Peerless Sell,
which seems unlikely now, would be a small profit-taking
decline in some of the
leaders of the rally. That would include SOXL,
which leveraged by 3x,
could fall 15%. So, let's take profits in it.
But hold long DIA and
the strongest MAXCP stocks. No short sales seem
warranted. Note
how few new lows there are compared to new highs.
|
|
| |
Charts - 1/12/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90112.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-12-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-12-2023/BEARISH.htm |
|
DJI has reached a
resistance line running through tops, but has no new Sell at 2.5% upper band.
 |
DIA's 21-day ma of Closing Power is still
falling.
 |
NASDAQ's 21-day ma of Closing Power is still falling.
 |
SPY's 21-day ma of Closing Power is still
falling.
 |
QQQ's 21-day ma of Closing Power is still
falling.
 |
SOXL's 21-day ma of Closing Power is still
falling.
 |
TECL's 21-day ma of Closing Power is
still falling.
 |
FAS - 21-day ma of Closing Power is still
falling.
 |
 |
1/12/2023
DJIA 34189.97 216.96 +0.64%
S&P 500 3983.17 13.56 +0.34%
Nasdaq 11001.10 69.43 +0.64%
Advances 2,372 vs 2,396
Declines 746 vs 707
New highs 108 + 139 = 247
New lows 12 + 26 = 42
NYSE Latest Close Previous Close Week Ago
Issues traded 3,225 3,220 3,235
Advances 2,372 2,396 1,293
Declines 746 707 1,831
Unchanged 107 117 111
New highs 108 81 64
New lows 12 5 37
Adv. volume* 639,502,729 620,774,638 335,046,086
Decl. volume* 210,754,548 226,405,711 527,903,261
Total volume* 861,651,544 857,218,314 867,785,830
Closing Arms (TRIN)† 0.93 1.29 0.90
Block trades* 4,423 4,640 4,272
Adv. volume 3,390,118,981 3,071,681,051 1,703,063,575
Decl. volume 994,104,614 1,164,931,419 2,160,135,607
Total volume 4,440,261,643 4,303,366,847 3,893,457,747
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,794 4,854 4,821
Advances 3,269 3,198 1,892
Declines 1,308 1,438 2,720
Unchanged 217 218 209
New highs 139 127 106
New lows 26 30 90
Closing Arms (TRIN)† 0.98 0.52 0.96
Block trades 40,660 36,837 32,833
Adv. volume 4,035,847,518 4,212,746,375 1,976,420,487
Decl. volume 1,588,522,892 991,903,604 2,733,905,411
Total volume 5,681,244,198 5,284,397,410 4,764,276,405
|
Table 2 QUICKSILVER on ETFS - 1/11/2023 ---
Bullish = 4 RETL, SOXL, OIH, YINN
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 342 2.24 336.28 190.4% ------- BLUE .161 ------------------
---------------------------------------------------------------------------------------------
COMPQX 11001.11 69.44 10569.29 327.1% ------- BLUE .037 -.043 -.006
---------------------------------------------------------------------------------------------
SPY 396.96 1.44 388.08 226.4% ------- BLUE .061 -.017 .044
---------------------------------------------------------------------------------------------
QQQ 279.05 1.5 268.8 323.2% ------- BLUE .002 -.041 -.039
---------------------------------------------------------------------------------------------
MDY 468.36 4.24 454.13 280.5% Bullish BLUE .106 .011 .117
---------------------------------------------------------------------------------------------
IWM 185.83 3.07 177.58 340.4% ------- BLUE .107 -.031 .076
---------------------------------------------------------------------------------------------
FAS 84.22 .62 81.07 513.3% ------- RED .145 .098 .243
---------------------------------------------------------------------------------------------
RETL 8.92 .21 7.72 1118.7% Bullish BLUE .255 .049 .304
---------------------------------------------------------------------------------------------
SOXL 12.82 .42 10.87 1442.1% ------- BLUE .029 .393 .422
---------------------------------------------------------------------------------------------
TECL 25.04 .55 22.12 1031.9% ------- BLUE .008 -.071 -.063
---------------------------------------------------------------------------------------------
IBB 135.11 1.12 133.14 124.2% Bullish BLUE .041 .006 .047
---------------------------------------------------------------------------------------------
GLD 176.64 2.02 173.71 176.3% Bullish BLUE .097 .118 .215
---------------------------------------------------------------------------------------------
DBO 15.07 .09 14.39 246.8% Bullish RED .135 -.137 -.002
---------------------------------------------------------------------------------------------
OIH 325.62 7.88 305.58 475.6% Bullish BLUE .227 .046 .273
---------------------------------------------------------------------------------------------
CPER 25.25 -.09 23.79 426.7% Bullish RED -.089 .196 .107
---------------------------------------------------------------------------------------------
TAN 81.68 1.47 73.87 714.7% ------- BLUE -.039 .101 .062
---------------------------------------------------------------------------------------------
UUP 27.48 -.27 27.9 -141.7% Bearish RED .1 -.129 -.029
---------------------------------------------------------------------------------------------
CORN 26.5 .52 25.93 109.9% Bullish BLUE .282 -.078 .204
---------------------------------------------------------------------------------------------
WEAT 7.52 .03 7.52 -20% Bullish ---- .062 -.207 -.145
---------------------------------------------------------------------------------------------
YINN 63.24 -1.71 60.92 227.1% Bullish RED .088 2.114 2.202
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/12/23
Bullish = 45 (There should ample support underneath market to prevent a bigger decline.)
Bearish = 4
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 .857 .857 .857
EDU 1 1 1 1 .833 .666
JETS 1 .846 .846 .846 .769 .692
GOLD .956 .956 .956 .869 .913 .826
UTILITY .947 .921 .894 .842 .789 .684
INFRA .939 .939 .878 .878 .878 .787
INSURANC .92 .88 .84 .84 .84 .76
HOMEBLDG .888 .888 .888 .833 .888 .833
BONDFUND .885 .873 .873 .873 .885 .804
ETFS .872 .872 .836 .836 .818 .745
GUNS .857 .857 .642 .642 .642 .571
GAMING .842 .789 .631 .578 .473 .421
SEMI .84 .819 .808 .787 .734 .5
GREEN .833 .722 .722 .666 .611 .388
INDMATER .833 .833 .763 .722 .708 .583
INDEXES .827 .81 .756 .708 .708 .491
REIT .807 .676 .484 .515 .546 .415
ELECTRON .804 .796 .774 .744 .714 .533
CHINA .795 .795 .772 .772 .795 .818
CHEM .79 .767 .744 .744 .72 .581
TRANSP .789 .736 .736 .684 .578 .473
SP500 .779 .775 .717 .696 .717 .575
=====
HIGHPRIC .775 .771 .693 .642 .59 .439
AUTO .773 .716 .679 .547 .547 .396
DOWJONES .766 .833 .866 .8 .766 .633
=====
RUS-1000 .765 .745 .685 .66 .657 .544
====
FINANCE .725 .675 .675 .637 .662 .475
SP-100 .722 .755 .711 .677 .722 .588
FIDSTKS .721 .71 .674 .644 .662 .544
HOSPITAL .714 .714 .642 .642 .642 .642
NASD-100 .71 .72 .66 .64 .64 .48
=====
SOFTWARE .696 .66 .535 .571 .482 .446
MILITARY .692 .653 .576 .538 .653 .538
SOLAR .687 .5 .5 .375 .312 .187
NIFTY .681 .681 .568 .522 .522 .386
RETAIL .68 .659 .595 .51 .553 .446
COMPUTER .65 .75 .75 .7 .65 .55
BIOTECH .647 .59 .565 .488 .522 .505
DJI-13 .615 .769 .846 .769 .769 .615
LOWPRICE .584 .555 .507 .455 .424 .366
OILGAS .58 .523 .523 .485 .485 .419
BEVERAGE .571 .571 .571 .642 .642 .571
BIGBANKS .571 .571 .571 .571 .571 .571
COMODITY .564 .538 .564 .538 .538 .538
FOOD .53 .51 .51 .448 .448 .489
=========================================================================================================
REGBANKS .48 .36 .4 .36 .4 .28
HACKERS .375 .375 .312 .375 .375 .375
COAL .333 .166 .166 .333 .333 .166
MARIJUAN .3 .2 .1 .1 .1 .1
|
==================================================================================
Thursday
- 5:35 AM - Futures: DJI +48 NASDAQ -5 Data Used: 1/11/2023
|
1/11/2023
DJIA 33973.01 268.91 +0.80%
S&P 500 3969.61 50.36 +1.28%
Nasdaq 10931.67 189.04 +1.76%
Advances 2,396 vs 2,219
Declines 707 vs 877
New highs 81 + 127 = 208
New lows 5 + 30 = 35
|
|
|
Our
Peerless DJI chart now has a combination of 4 different Buy signals
telling us to expect still higher
prices even though the DJI is 1.9% over the
21-dma. The negative
V-Indicator cannot produce a Sell S9V until May.
Meanwhile, the A/D Line is rising
superbly. Let's see if more and more
Professionals join in on the buying
of the leaders of the rally and cover more
and more of their shorts in the
weakest techs.
The market looks very good,
especially when we consider the well-advertised
negativity we can still easily spot
in all the usual places. I liked the way that the
Closing Powers for DIA, SPY and
COMPQX (the Nasdaq) rose right above
their falling 21-day ma.
Bonds are rising, too, and the ten-year rates keep
falling. This is weakening
the DOLLAR, which
is helping foreign ETFs and stocks
in Latin America, particularly. See
some of them among the bullish MAXCPs.
Chinese stocks are rising quickly
now. This may presage a new bull market.
Certainly that would be in keeping
with the excellent breadth and the generally
excellent seasonal forces at work
in this the third year of the Presidential
Election cycle.
Volume could be higher, I admit,
but the tech sector is coming along now.
We see that in the fact that the
NASDAQ rose twice as much as the DJI
did. Something is causing the
Ten Year Rates to
keep falling. That helps
the tech sector. Watch TSLA
and AMZN to see if they can get past the resistance
levels shown below.
Even if the DJI reaches the 3.5%
upper band, we will probably not get a
Peerless Sell. This is
because the bullish seasonality of the start of the third
year in the Presidential four year
cycle is built into the signals so long as
the P-Indicator stays above +200.
There has been only one Sell S9 in
January in these years: 1/9/1935.
There have been four January S12s in these
years. in 1931, 1935, 2003
and 2019. The last one failed to stop a new bull
market.
So, let's avoid the short side
completely and stay long DIA, SOXL, CAT
and some of the bullish MAXCPs.
Just Out CONSUMER PRICE INDEX - DECEMBER 2022
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in December on a
seasonally adjusted basis, after increasing 0.1 percent in November, the U.S. Bureau of Labor
Statistics reported today. Over the last 12 months, the all items index increased 6.5 percent before
seasonal adjustment.
The index for gasoline was by far the largest contributor to the monthly all items decrease, more than
offsetting increases in shelter indexes. The food index increased 0.3 percent over the month with the
food at home index rising 0.2 percent. The energy index decreased 4.5 percent over the month as the
gasoline index declined; other major energy component indexes increased over the month.
|
|
|
Charts - 1/11/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90111.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-11-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-11-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 1/11/2023
DJIA 33973.01 268.91 +0.80%
S&P 500 3969.61 50.36 +1.28%
Nasdaq 10931.67 189.04 +1.76%
Advances 2,396 vs 2,219
Declines 707 vs 877
New highs 81 + 127 = 208
New lows 5 + 30 = 35
NYSE Latest Close Previous Close Week Ago
Issues traded 3,220 3,211 3,230
Advances 2,396 2,219 2,534
Declines 707 877 611
Unchanged 117 115 85
New highs 81 61 65
New lows 5 6 19
Adv. volume* 620,774,638 576,499,853 833,688,496
Decl. volume* 226,405,711 185,398,824 133,843,784
Total volume* 857,218,314 779,395,947 970,472,632
Closing Arms (TRIN)† 1.29 0.73 0.64
Block trades* 4,640 4,246 4,632
Adv. volume 3,071,681,051 2,910,234,212 3,806,471,577
Decl. volume 1,164,931,419 839,364,173 590,497,192
Total volume 4,303,366,847 3,851,036,239 4,414,084,449
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,854 4,783 4,802
Advances 3,198 3,247 3,369
Declines 1,438 1,326 1,234
Unchanged 218 210 199
New highs 127 102 102
New lows 30 39 57
Closing Arms (TRIN)† 0.52 0.60 0.61
Block trades 36,837 32,689 31,797
Adv. volume 4,212,746,375 3,707,433,054 4,108,494,476
Decl. volume 991,903,604 914,818,242 915,205,080
Total volume 5,284,397,410 4,710,689,070 5,085,380,920
|
Table 2 QUICKSILVER on ETFS - 1/11/2023 ---
Bullish = 4 RETL, SOXL, OIH, YINN
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 339.76 2.53 329.22 107.7% ------- BLUE .185 --- -----
---------------------------------------------------------------------------------------------
COMPQX 10931.67 189.04 10305.24 224.3% ------- BLUE .04 -.049 -.009
---------------------------------------------------------------------------------------------
SPY 395.52 4.94 379.38 152.4% ------- BLUE .078 -.017 .061
---------------------------------------------------------------------------------------------
QQQ 277.55 4.72 261.58 220.4% ------- BLUE -.004 -.047 -.051
-------------------------------------------------------------------------------------- -------
MDY 464.12 5.68 442.85 184.7% Bullish BLUE .12 .011 .131
---------------------------------------------------------------------------------------------
IWM 182.76 2.25 173.68 203.3% ------- BLUE .088 -.036 .052
---------------------------------------------------------------------------------------------
FAS 83.6 2.03 75.96 359.3% Bullish BLUE .17 .077 .247
---------------------------------------------------------------------------------------------
RETL 8.71 .6 7.16 895.4% ------- BLUE .238 .017 .255
---------------------------------------------------------------------------------------------
SOXL 12.4 .43 9.57 1078.5% Bearish BLUE .024 .271 .295
---------------------------------------------------------------------------------------------
TECL 24.49 1.2 20.37 643.7% Bearish BLUE .012 -.118 -.106
---------------------------------------------------------------------------------------------
IBB 133.99 .76 131.82 86.3% ------- BLUE .056 -.001 .055
---------------------------------------------------------------------------------------------
GLD 174.62 -.12 170.52 56.3% Bullish RED .025 .106 .131
---------------------------------------------------------------------------------------------
DBO 14.98 .4 14.35 242.3% Bullish BLUE .181 -.15 .031
---------------------------------------------------------------------------------------------
OIH 317.74 -.32 296.14 444.6% Bullish RED .264 .062 .326
---------------------------------------------------------------------------------------------
CPER 25.34 .65 23.18 564.9% Bullish BLUE -.084 .188 .104
---------------------------------------------------------------------------------------------
TAN 80.21 3.17 70.91 467.1% Bearish BLUE -.046 .098 .052
---------------------------------------------------------------------------------------------
UUP 27.75 0 28.27 -46.5% ------- ---- .142 -.102 .04
---------------------------------------------------------------------------------------------
CORN 25.98 .04 25.93 -25% Bullish BLUE .262 -.075 .187
---------------------------------------------------------------------------------------------
WEAT 7.49 .09 7.55 -39.9% Bullish BLUE .053 -.158 -.105
---------------------------------------------------------------------------------------------
YINN 64.95 1.89 60.42 347.1% Bullish BLUE .088 1.954 2.042
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/11/23
44 = Bullish
4 = Bearish
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 .857 .857 .857 .857
EDU 1 1 1 .833 .666 .666
GOLD .956 .956 .869 .913 .826 .869
INFRA .939 .878 .878 .878 .787 .878
UTILITY .921 .894 .842 .789 .684 .815
HOMEBLDG .888 .888 .833 .888 .833 .888
INSURANC .88 .84 .84 .84 .76 .84
BONDFUND .873 .873 .873 .885 .816 .827
ETFS .872 .836 .836 .818 .763 .763
GUNS .857 .642 .642 .642 .571 .571
JETS .846 .846 .846 .769 .769 .615
DOWJONES .833 .866 .8 .766 .633 .666
=====
INDMATER .833 .763 .722 .708 .583 .611
SEMI .819 .808 .787 .734 .521 .563
=====
INDEXES .81 .756 .708 .708 .497 .567
ELECTRON .796 .774 .744 .714 .548 .571
CHINA .795 .772 .772 .795 .795 .795
GAMING .789 .631 .526 .526 .421 .473
SP500 .775 .717 .696 .713 .591 .664
=====
HIGHPRIC .771 .693 .642 .59 .448 .573
DJI-13 .769 .846 .769 .769 .615 .615
CHEM .767 .744 .744 .72 .581 .674
SP-100 .755 .711 .677 .722 .622 .666
COMPUTER .75 .75 .7 .65 .55 .45
RUS-1000 .745 .685 .66 .657 .553 .614
====
TRANSP .736 .736 .684 .578 .526 .473
GREEN .722 .722 .666 .611 .388 .388
NASD-100 .72 .66 .64 .64 .5 .57
=====
AUTO .716 .679 .547 .547 .396 .452
HOSPITAL .714 .642 .642 .642 .642 .571
FIDSTKS .71 .674 .644 .662 .562 .609
NIFTY .681 .568 .522 .522 .454 .454
REIT .676 .476 .523 .553 .423 .576
FINANCE .675 .675 .637 .65 .475 .575
SOFTWARE .66 .553 .571 .482 .446 .535
RETAIL .659 .595 .51 .553 .446 .51
MILITARY .653 .576 .538 .653 .576 .615
BIOTECH .59 .562 .491 .522 .502 .5
BEVERAGE .571 .571 .642 .642 .571 .714
BIGBANKS .571 .571 .571 .571 .571 .571
LOWPRICE .555 .51 .458 .424 .363 .349
COMODITY .538 .564 .512 .538 .538 .512
OILGAS .523 .523 .485 .485 .409 .361
FOOD .51 .51 .428 .448 .489 .469
============================================================================================
SOLAR .5 .5 .375 .312 .125 .187
============================================================================================
HACKERS .375 .312 .375 .375 .375 .375
REGBANKS .36 .4 .36 .4 .28 .28
MARIJUAN .2 .1 .1 .1 .1 .2
COAL .166 .166 .333 .333 .166 .166
|
=====================================================================================
Wednesday
- 4:53 AM - Futures: DJI +44 NASDAQ +12 Data
Used: 1/10/2023
| |
1/10/2023
DJIA 33704.10 186.45 0.56%
S&P 500 3919.25 27.16 0.70%
Nasdaq 10742.63 106.98 1.01%
Advances 2,219 vs 1,907
Declines 877 vs 1,194
New highs 61 + 102 = 163
New lows 6 + 39 = 45
|
|
| |
Instead of contining to decline after Monday's mid-day reversal down, we saw
a reversal back up on bullish breadth. In fact, this was the fourth fine breadth day
in the last eight days. This generated a Buy B20 to reinforce our unreversed,
seasonal
Buy B6 and B13 signals. As the DJI and the other key ETFs move up through
overhead resistance, we have to expect minor reversals. The good breadth is the key
now. It shows that many more NYSE stocks are benefitting from the economic
resiliency
shown in the last Jobs' Report than are being harmed by short-term interest rates reaching
4.5%. As long as breadth stays positive like this, the market should move still
higher. Given
the seasonality, it is by no means probable that a rise to the DJI's 3.0% band,
about 560
points higher, will bring a Peerless Sell. In fact, the average Buy B20 since the
year 2000
allowed the DJI to rise an additional 4.55%. In our case, that would allow the DJI
to
rally another 1500 points.
If we take into account that the DJI's 21-day ma is not yet even rising and the key ETFs
21-day ma of Closing Power is falling, then we probably should not expect that much of an
advance. But it appears reasonable to hold onto DIA, SOXL, CAT (highest AI/200
stock
that is making new highs) and a few of the highest ranked Bullish MAXCPs.
Let's watch to see if GS, the second most weighty stock in DJI-30 can continue to rise
after testing its rising 65-dma, if the most heavily weighted DJI-30 stock, United Health
can recover after getting a new red optimized Buy and if the third most heavily weighted
DJI-30
stock can keep rising after making a new high. It could be a target for
profit-taking.
And most important, watch to see if DIA, SPY and QQQ can show Closing Power strength
and rise from their openings now that their CL-PWRs have reached that indicator's falling
21-dma.
|
|
| |
Charts - 1/9/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90110.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-10-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-10-2023/BEARISH.htm
|
|
| |
PEERLESS B20 SIGNALS: 12/7/1928 - 11/3/2022Date Signal DJI Gain Paper Loss
--------------------------------------------------------------
19310721 B20 146.7 -.034 134.1 -.0858 high 8/5
19340817 B20 91.1 .016 90.4 -.0076 8/20
19351122 B20 144.6 -.011 138.90 -.0394 12/19
19380922 B20 137.4 .146 129.9 -.0545 high 9/26
19380928 B20 133.7 .178 none 0
19390202 B20 144.3 .036 none 0
19431110 B20 132.7 .236 129.6 -.0233 11/30
19431207 B20 133.4 .229 none 0
19451205 B20 193.1 .032 189.1 -.0207 12/21
19461204 B20 170.3 .078 none 0
19470529 B20 169.3 .092 none 0
19500720 B20 207.7 .247 203.8 -.0187 7/25
19500727 B20 206.1 .25 203.8 0
19501109 B20 227.2 .14 222.3 -.0215 12/2
19540112 B20 281.5 .664 none 0
19580122 B20 445.7 .459 436.9 -.0197 2/25
20070831 B20 13357.74 .034 13113.3 -.0182 9/17
20130701 B20 14974.96 .032 none 0
20131017 B20 15371.65 .074 none 0
20140213 B20 16027.59 .060 none 0
20140818 B20 16838.74 .085 none 0
20151223 B20 17602.61 .007 none 0
20160629 B20 17694.68 .036 none 0
20180404 B20 24505.22 .022 23932.76 -.0234 4/6
20190819 B20 26135.79 .027 25479.42 -.024
20200611 B20 25128.17 .06 25015.55 -.001
--------------------------------------------------------------
N= 26 Avg.Gain= .122 Avg.Paper Loss= -.014
The results are exaggerated, most likely, by the huge rallies of the
1950s and that post-war boom.
There were 16 B20s before 1959, none again until 2007 and
then 10 cases throught 2022. In the earlier period, 2 of the 16 produced
losses and 3 of the earler 16 B20s saw paper losses of more than 3 losses
of more than 3%.
It is not clear why there were no B20s from 1959 to 2006.
In the period from 2007 to 2020, all ten B20s were closed out profitably
and in 8 instances there was no paper loss. The average gain was in these was
a much more modest 4.55%.
Code:
For i = 82 To rn
If la(i) / MA(i) > 1.012 Then 55134 'DJI must be below 1.2% band.
If mo(i) = 9 And s9(i - 1) = 12 Then 55134 'can't follow an S12 the day before. goodbreadth = z
For j = i - 7 To i
If adv(j) / dec(j) > 2.5 Then goodbreadth = goodbreadth + 1
Next j
hi999 = -9999
For j = i - 80 To i
If la(j) > hi999 Then hi999 = la(j)
Next j
gd999 = (hi999 - la(i)) / hi999
ge999 = (la(i - 65) - la(i)) / la(i - 65)
If gd999 > .17 Then 55134 'eliminates cases where DJI is within 17% of 65-day high.
If ge999 > .13 Then 55134 'eliminates cases where DJI is up more than 13% over 65-dma.
If ge999 > .117 And gd999 > .121 Then 55134
If ge999 < -.15 Then 55134 ''eliminates cases where DJI is more than 15% below 65-dma.
If goodbreadth > 3 Then s9(i) = 120: PI = i: mb(i) = 20: PI = i: B20Arrows (PI):i=i+ 3
'B20 if 4 or more good breadth days in the last 8 trading days.
55134 Next i
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
TABLE 1 1/10/2023
DJIA 33704.10 186.45 0.56%
S&P 500 3919.25 27.16 0.70%
Nasdaq 10742.63 106.98 1.01%
Advances 2,219 vs 1,907
Declines 877 vs 1,194
New highs 61 + 102 = 163
New lows 6 + 39 = 45
NYSE Latest Close Previous Close Week Ago
Issues traded 3,211 3,221 3,227
Advances 2,219 1,907 1,891
Declines 877 1,194 1,254
Unchanged 115 120 82
New highs 61 100 71
New lows 6 9 36
Adv. volume* 576,499,853 532,993,887 452,276,087
Decl. volume* 185,398,824 373,402,126 441,820,915
Total volume* 779,395,947 915,602,864 898,744,161
Closing Arms (TRIN)† 0.73 0.98 1.58
Block trades* 4,246 4,319 4,692
Adv. volume 2,910,234,212 2,645,690,149 1,920,554,565
Decl. volume 839,364,173 1,619,968,220 2,016,417,140
Total volume 3,851,036,239 4,311,775,122 3,959,146,371
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,783 4,817 4,843
Advances 3,247 2,759 2,516
Declines 1,326 1,842 2,118
Unchanged 210 216 209
New highs 102 117 107
New lows 39 38 93
Closing Arms (TRIN)† 0.60 0.73 1.18
Block trades 32,689 31,148 31,052
Adv. volume 3,707,433,054 3,431,984,967 2,370,747,920
Decl. volume 914,818,242 1,671,197,811 2,346,852,150
Total volume 4,710,689,070 5,132,191,715 4,780,654,557
|
Table 2 QUICKSILVER on ETFS - 1/10/2023 ---
Bullish = 1 SOXL, YINN
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 337.23 1.94 332.56 90.3% ------- BLUE .11 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 10742.63 106.98 10458.76 169.8% ------- BLUE -.046 -.057 -.103
---------------------------------------------------------------------------------------------
SPY 390.58 2.72 383.76 127.1% ------- BLUE -.001 -.024 -.025
---------------------------------------------------------------------------------------------
QQQ 272.83 2.29 265.74 156.8% ------- BLUE -.081 -.052 -.133
---------------------------------------------------------------------------------------------
MDY 458.44 4.43 447.45 197.8% ------- BLUE .044 -.001 .043
---------------------------------------------------------------------------------------------
IWM 180.51 2.63 175.56 202.4% ------- BLUE .005 -.044 -.039
---------------------------------------------------------------------------------------------
FAS 81.57 1.46 77.9 459% Bullish BLUE .078 .111 .189
---------------------------------------------------------------------------------------------
RETL 8.11 .48 7.35 907.5% ------- BLUE .17 -.031 .139
---------------------------------------------------------------------------------------------
SOXL 11.97 .44 10.07 1269.5% ------- BLUE -.038 .353 .315
---------------------------------------------------------------------------------------------
TECL 23.29 .42 21.65 417.1% ------- BLUE -.047 -.07 -.117
---------------------------------------------------------------------------------------------
IBB 133.23 2.95 131.71 121.4% ------- BLUE -.038 .015 -.023
---------------------------------------------------------------------------------------------
GLD 174.74 .64 172.67 106.7% Bullish BLUE -.014 .077 .063
---------------------------------------------------------------------------------------------
DBO 14.58 -.05 14.28 -69% Bullish RED .146 -.201 -.055
---------------------------------------------------------------------------------------------
OIH 318.06 5.83 290.66 476.3% Bullish BLUE .184 .035 .219
---------------------------------------------------------------------------------------------
CPER 24.69 .4 22.66 407% Bullish BLUE -.216 .111 -.105
---------------------------------------------------------------------------------------------
TAN 77.04 2.33 73.3 333.6% Bearish BLUE -.143 .024 -.119
---------------------------------------------------------------------------------------------
UUP 27.75 .02 28.01 -64.3% ------- ---- .164 -.119 .045
---------------------------------------------------------------------------------------------
CORN 25.94 .02 26.11 -132.2% Bullish ---- .246 -.098 .148
---------------------------------------------------------------------------------------------
WEAT 7.4 -.13 7.55 -302.6% Bullish ---- -.004 -.194 -.198
---------------------------------------------------------------------------------------------
YINN 63.06 2.03 60.7 1024.4% ------- BLUE -.007 1.592 1.585
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/10/23
Bullish = 43
Bearish = 5
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 .857 .857 .857 .857 .857
EDU 1 1 .833 .666 .666 .833
GOLD .956 .869 .913 .826 .869 .782
UTILITY .894 .842 .789 .684 .815 .763
HOMEBLDG .888 .833 .888 .833 .888 .833
INFRA .878 .878 .878 .787 .878 .757
BONDFUND .873 .873 .885 .816 .839 .85
DOWJONES .866 .8 .766 .633 .666 .633
=====
DJI-13 .846 .769 .769 .615 .615 .615
JETS .846 .846 .769 .769 .615 .307
INSURANC .84 .84 .84 .76 .84 .72
ETFS .836 .836 .818 .763 .781 .727
SEMI .808 .787 .734 .521 .553 .478
=====
ELECTRON .774 .744 .714 .548 .571 .488
CHINA .772 .772 .795 .795 .795 .727
INDMATER .763 .722 .708 .583 .638 .555
INDEXES .756 .708 .708 .497 .578 .481
COMPUTER .75 .7 .65 .55 .45 .45
CHEM .744 .744 .72 .581 .674 .627
TRANSP .736 .684 .578 .526 .473 .315
GREEN .722 .666 .611 .388 .388 .333
SP500 .717 .696 .713 .587 .666 .561
=====
SP-100 .711 .677 .722 .622 .655 .622
HIGHPRIC .693 .642 .59 .448 .573 .452
RUS-1000 .685 .66 .657 .553 .616 .518
=====
AUTO .679 .547 .547 .396 .452 .377
FINANCE .675 .637 .65 .462 .587 .487
=====
FIDSTKS .674 .644 .662 .562 .603 .526
NASD-100 .66 .64 .64 .5 .57 .5
GUNS .642 .642 .642 .571 .571 .428
HOSPITAL .642 .642 .642 .642 .571 .5
GAMING .631 .526 .473 .473 .473 .368
RETAIL .595 .51 .553 .446 .531 .425
MILITARY .576 .538 .653 .576 .615 .576
BEVERAGE .571 .642 .642 .571 .714 .571
BIGBANKS .571 .571 .571 .571 .571 .571
NIFTY .568 .522 .522 .454 .454 .386
COMODITY .564 .512 .512 .538 .512 .512
BIOTECH .562 .488 .525 .502 .502 .411
SOFTWARE .553 .589 .482 .446 .535 .5
OILGAS .523 .485 .485 .409 .361 .323
FOOD .51 .428 .428 .489 .469 .51
LOWPRICE .51 .461 .426 .363 .346 .283
====================================================================================================
SOLAR .5 .375 .312 .125 .187 .125
====================================================================================================
REIT .476 .515 .561 .43 .569 .461
REGBANKS .4 .36 .4 .28 .28 .32
HACKERS .312 .375 .375 .375 .375 .375
COAL .166 .333 .333 .166 .166 .166
MARIJUAN .1 .1 .1 .1 .2 0
|
==================================================================================
Tuesday
- 6:00 AM - Futures: DJI -171 NASDAQ -67
Data Used: 1/9/2023
| |
1/9/2023DJIA 33517.65 -112.96 -0.34%
S&P 500 3892.09 -2.99 -0.08%
Nasdaq 10635.65 66.36 +0.63%
NYSE Advances 1,907 vs 2,717
NYSE Declines 1,194 vs 433
New highs 100 + 117 = 217
New lows 9 + 38 = 47
|
|
| |
Professionals sold the
DJI off ahead of the NASDAQ today. This is
probably only profit-taking.
Peerless did not give a Sell and the
seasonality remains quite bullish.
The key question now is whether the DJI's
short-term profit-taking in BA
and DJIA drug stocks can turn the larger
market down. Bonds are still rising.
Above, we see that the number of new
highs was more than four times
the number of new lows and there were
still 713 more NYSE advancers
than decliners at the close. GS,
the second most heavily weighted DJI stock rose
and UNH, its superior in the DJI, held
steady at its lower regression channel
band.
It's true that the Professionals
are bearish. The falling Closing Powers
in the key ETFs show that, as does
todays' reversal down in the second
half of today's trading. But
I would still put more weight on the fact
that the 10-year bond yield is
coming down and Bonds are rallying
combined with the bullish
seasonality. If the DJI behaved as it normally
does for the month after January
9th in the years 1967, 1971, 1975, 1979...
2019, it would rise 1.2%. It
was up 73.3% of the time in this period in the
year before Presidential Elections
from 1965 to the present.
I did look at the significance in
the past, since 1999, of the reversal today
with the high tagging the 2.1%
upper band and with negative volume internals
and a falling 21-day ma. In
these circumstances, not allowing for the bullish
seasonality or the presence or the
absence of a Peerless signal, the odds would
favor a decline rather than a
rally. As a result of this information, let's hold off
new buying and see if the DJI can
turn up again after a few day's weakness.
But because Peerless remains on a
Buy, continue to hold all our long positions
and avoid the short side.
Reversal down from 2.2% Upper Band
with 21-dma falling and both ONBPct and PVV(i)<0 and IP21<.03 Cases since 1999-2022
8/18/99 DJI declined to lower band. S9V, S12
12/14/00 DJI decline to lower band. No Peerless Sell.
1/5/01 DJI declined to lower band. S12.
5/15/02 DJI declined below lower band. S9, S12
1/8/03 DJI declined below lower band. S12
11/3/04 Continued to rise.
7/31/06 Continued to rise.
9/9/10 Continued to rise.
12/8/11 Continued to rise
2/27/18 DJI fell below lower band. S9
10/17/19 Continued to rise.
12/16/21 DJI fell below lower band. S9
4/21/22 DJI fell below lower band. No Peerless
Conclusion: 13 cases. 5 (38.5%) cases DJI continued to rise.
5 cases DJI fell below lower band.
3 cases DJI fell to lower band.
Code
For i = 66 To RN
If la(i) <= ma65(i) Then 6509
midpoint = (hi(i) + lo(i)) / 2
If la(i) > midpoint Then 6509
If hi(i) / ma(i) < 1.02 Then 6509
If newipxxx(i) > .025 Then 6509
aroc = ((ma(i) - ma(i - 1)) / ma(i - 1)) * 250
If aroc > 0 Then 6509
If pvv(i) > -80 Then 6509
PI = i: stsells16arrows (PI): GoTo 6509
' These would give a Sell.
6509 Next i
|
|
|
| |
Charts - 1/6/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90109.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-9-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-9-2023/BEARISH.htm |
|
|
 |
 |
 |
 |
 |
 |
The biggest decliners today were BA and drug stocks.
AMGN, MRK and JNJ |
 |
 |
 |
 |
Table 1 1/9/2023
DJIA 33517.65 -112.96 -0.34%
S&P 500 3892.09 -2.99 -0.08%
Nasdaq 10635.65 66.36 +0.63%
NYSE Advances 1,907 vs 2,717
NYSE Declines 1,194 vs 433
New highs 100 + 117 = 217
New lows 9 + 38 = 47
NYSE Latest Close Previous Close Week Ago
Issues traded 3,221 3,243 3,260
Advances 1,907 2,717 1,400
Declines 1,194 433 1,714
Unchanged 120 93 146
New highs 100 79 49
New lows 9 25 72
Adv. volume* 532,993,887 711,994,375 284,576,532
Decl. volume* 373,402,126 99,292,542 432,299,921
Total volume* 915,602,864 816,001,400 730,101,865
Closing Arms (TRIN)† 0.98 1.18 1.12
Block trades* 4,319 4,390 4,080
Adv. volume 2,645,690,149 3,282,653,340 1,233,684,531
Decl. volume 1,619,968,220 616,491,113 1,685,758,787
Total volume 4,311,775,122 3,923,568,486 2,979,871,579
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,817 4,914 4,910
Advances 2,759 3,368 2,294
Declines 1,842 1,315 2,378
Unchanged 216 231 238
New highs 117 130 101
New lows 38 101 181
Closing Arms (TRIN)† 0.73 1.25 0.61
Block trades 31,148 37,732 25,909
Adv. volume 3,431,984,967 3,466,700,143 2,304,468,811
Decl. volume 1,671,197,811 1,688,935,916 1,458,576,797
|
Table 2 QUICKSILVER on ETFS - 1/96/2023 ---
Bullish = 1 YINN
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 335.29 -.99 331.22 59.6% ------- RED .088 ----------------
---------------------------------------------------------------------------------------------
COMPQX 10635.65 66.36 10386.99 81% ------- RED -.069 -.084 -.153
---------------------------------------------------------------------------------------------
SPY 387.86 -.22 380.82 70.9% ------- RED -.021 -.038 -.059
---------------------------------------------------------------------------------------------
QQQ 270.54 1.74 264.48 80.3% ------- RED -.088 -.08 -.168
---------------------------------------------------------------------------------------------
MDY 454.01 -.12 440.72 125.9% ------- RED .011 -.012 -.001
---------------------------------------------------------------------------------------------
IWM 177.88 .3 173.4 100.6% ------- RED -.039 -.06 -.099
---------------------------------------------------------------------------------------------
FAS 80.11 -.96 74.42 428.3% ------- RED .033 .117 .15
---------------------------------------------------------------------------------------------
RETL 7.63 -.09 6.78 472.7% ------- RED .103 -.077 .026
---------------------------------------------------------------------------------------------
SOXL 11.53 .66 9.36 938.6% ------- ---- -.039 .227 .188
---------------------------------------------------------------------------------------------
TECL 22.87 .75 21.48 178.7% ------- BLUE -.033 -.12 -.153
---------------------------------------------------------------------------------------------
IBB 130.28 -2.86 130.04 -38.4% ------- RED -.042 -.024 -.066
---------------------------------------------------------------------------------------------
GLD 174.1 .39 171.06 130% Bullish RED -.038 .07 .032
---------------------------------------------------------------------------------------------
DBO 14.63 .24 14.78 -198.6% Bullish RED .074 -.19 -.116
---------------------------------------------------------------------------------------------
OIH 312.23 6.65 289.59 137.6% Bullish RED .098 .01 .108
---------------------------------------------------------------------------------------------
CPER 24.29 .5 22.79 259.7% Bullish BLUE -.253 .082 -.171
---------------------------------------------------------------------------------------------
TAN 74.71 .84 72.17 121.8% Bearish RED -.182 .002 -.18
---------------------------------------------------------------------------------------------
UUP 27.73 -.17 28.11 -14.3% Bearish ---- .137 -.113 .024
---------------------------------------------------------------------------------------------
CORN 25.92 -.01 26.63 -192% Bullish ---- .258 -.103 .155
---------------------------------------------------------------------------------------------
WEAT 7.53 .01 7.86 -292.5% Bullish ---- .008 -.182 -.174
---------------------------------------------------------------------------------------------
YINN 61.03 .11 51.01 1329.5% ------- RED -.01 1.311 1.301
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/9/23
Bullish = 40
Bearish 9
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
EDU 1 .833 .666 .666 .833 .833
INFRA .878 .878 .787 .878 .757 .848
BONDFUND .873 .885 .816 .839 .85 .758
GOLD .869 .913 .826 .869 .782 .782
COPPER .857 .857 .857 .857 .857 .857
JETS .846 .769 .769 .615 .307 .307
UTILITY .842 .789 .684 .815 .763 .815
INSURANC .84 .84 .76 .84 .76 .72
ETFS .836 .818 .763 .781 .763 .727
HOMEBLDG .833 .888 .833 .888 .833 .833
DOWJONES .8 .766 .633 .666 .633 .633
SEMI .787 .734 .521 .553 .478 .563
CHINA .772 .795 .795 .795 .727 .681
DJI-13 .769 .769 .615 .615 .615 .769
CHEM .744 .72 .581 .674 .627 .604
ELECTRON .744 .714 .548 .571 .488 .541
INDMATER .722 .708 .583 .638 .569 .583
INDEXES .708 .708 .497 .578 .481 .529
COMPUTER .7 .65 .55 .45 .45 .4
SP500 .696 .713 .587 .662 .573 .593
TRANSP .684 .578 .526 .473 .315 .368
SP-100 .677 .722 .622 .655 .622 .611
GREEN .666 .611 .388 .388 .333 .333
RUS-1000 .66 .657 .553 .616 .53 .556
FIDSTKS .644 .662 .562 .603 .538 .562
BEVERAGE .642 .642 .571 .714 .571 .714
GUNS .642 .642 .571 .571 .428 .5
HIGHPRIC .642 .59 .448 .573 .469 .512
HOSPITAL .642 .642 .642 .571 .5 .571
NASD-100 .64 .64 .5 .57 .5 .53
FINANCE .637 .65 .462 .575 .487 .45
SOFTWARE .589 .5 .446 .535 .5 .464
BIGBANKS .571 .571 .571 .571 .571 .285
AUTO .547 .547 .396 .452 .377 .358
MILITARY .538 .653 .576 .615 .615 .692
GAMING .526 .473 .421 .526 .368 .368
NIFTY .522 .522 .454 .454 .386 .431
REIT .515 .553 .438 .576 .453 .446
COMODITY .512 .512 .512 .512 .512 .589
RETAIL .51 .553 .446 .531 .446 .446
===============================================================================================
BIOTECH .488 .522 .505 .502 .42 .403
OILGAS .485 .485 .409 .361 .323 .485
LOWPRICE .461 .429 .366 .346 .286 .263
FOOD .428 .428 .469 .469 .51 .632
HACKERS .375 .375 .375 .375 .375 .375
SOLAR .375 .312 .125 .187 .125 .187
REGBANKS .36 .4 .28 .28 .32 .36
COAL .333 .333 .166 .166 .166 .166
MARIJUAN .1 .1 .1 .2 0 .1
|
==================================================================================
Monday
- 5:15 AM - Futures: DJI +89 NASDAQ +49 Data
Used: 1/6/2023
| |
1/6/2023
DJIA 33630.61 700.53 2.13%
S&P 500 3895.08 86.98 2.28%
Nasdaq 10569.29 264.05 2.56%
NY advances = 2,717 vs 1,293
NY declines = 433 vs 1,831
new highs = 79 + 130 = 209
new lows = 25 + 101 = 126
|
|
| |
Our seasonal Peerless Buys look
like they will bring a DJI rally to the upper
3% band, about 700 points higher. A Sell
there is by no means certain.
Breadth was excellent Friday as the DJI moved
up more than 2%. Note that
January short-covering along with
bargain-hunting in beaten down techs is at
work here. Avoid the short side, hold
long DIA, SOXL, CAT (our current
Tahiti DJI stock) and some of the bullish
MAXCPs.
There is lots of overhead resistance. A
low volume rally like we are
seeing will take some time to overcome it.
Small retracements should
be expected.
A number of DJI blue chips, shown below, are
breaking out, just as we might
expect if this were to be a January
"lift-off". That might seem to be asking
a lot so long as the FED does not declare a
cessation in its raising of interest
rates. But they are only human, right.
Powell and his friends very late to raise
rates. Now they are afraid to be late to
lower them. It may not matter. No
FOMC is scheduled this month and mere silence
from them appears to be
golden. In fact, gold stocks are lifting
off now because they sense the FED
will be quiet this month even after last
Friday's good Jobs Report. The "gold
bugs" love unattended inflation. In
additon, the strength in Bonds now also
supports the notion that the FED will not
intrude this month.
Let's see if we can get a second good day of
really fine breadth and a strong
closing to show that Professionals want more of
this rally. Volume will
need to pick up, too. But we have gotten
used to the blue chips being
the best way to play the market. So, even
if the Nasdaq, QQQ and
IWM continue to lag, we can do alright.
Just avoid the short side.
|
|
| |
Charts - 1/6/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90106.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-6-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-6-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
Bullish looking breakouts in DJI-30 stocks
TRV, CAT, MRK, JPM (impending)
BA -runaway |
 |
 |
 |
 |
 |
Question now is will GS and HD turn around and breakout of tight
little range it is in?
 |
Will most weighty DJI stock, UNH, bounce back or breakdown?
 |
Will AMGN get past expected resistance at 280?
 |
Table 1 - Breadth and Volume Statistics 1/6/2023
DJIA 33630.61 700.53 2.13%
S&P 500 3895.08 86.98 2.28%
Nasdaq 10569.29 264.05 2.56%
NY advances = 2,717 vs 1,293
NY declines = 433 vs 1,831
new highs = 79 + 130 = 209
new lows = 25 + 101 = 126
NYSE Latest Close Previous Close Week Ago
Issues traded 3,243 3,235 3,260
Advances 2,717 1,293 1,400
Declines 433 1,831 1,714
Unchanged 93 111 146
New highs 79 64 49
New lows 25 37 72
Adv. volume* 711,994,375 335,046,086 284,576,532
Decl. volume* 99,292,542 527,903,261 432,299,921
Total volume* 816,001,400 867,785,830 730,101,865
Closing Arms (TRIN)† 1.18 0.90 1.12
Block trades* 4,390 4,272 4,080
Adv. volume 3,282,653,340 1,703,063,575 1,233,684,531
Decl. volume 616,491,113 2,160,135,607 1,685,758,787
Total volume 3,923,568,486 3,893,457,747 2,979,871,579
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,914 4,821 4,910
Advances 3,368 1,892 2,294
Declines 1,315 2,720 2,378
Unchanged 231 209 238
New highs 130 106 101
New lows 101 90 181
Closing Arms (TRIN)† 1.25 0.96 0.61
Block trades 37,732 32,833 25,909
Adv. volume 3,466,700,143 1,976,420,487 2,304,468,811
Decl. volume 1,688,935,916 2,733,905,411 1,458,576,797
Total volume 5,199,787,458 4,764,276,405 3,959,035,029
|
Table 2 QUICKSILVER on ETFS - 1/6/2023 --- Bullish = 1 YINN
Bearish = 0
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 336.28 7.06 331.33 63.7% ------- BLUE .11 ---- -------
---------------------------------------------------------------------------------------------
COMPQX 10569.29 264.05 10466.48 43.8% Bearish BLUE -.039 -.112 -.151
---------------------------------------------------------------------------------------------
SPY 388.08 8.7 382.43 60.7% ------- BLUE .005 -.048 -.043
---------------------------------------------------------------------------------------------
QQQ 268.8 7.22 266.28 44.5% Bearish BLUE -.057 -.11 -.167
---------------------------------------------------------------------------------------------
MDY 454.13 11.28 442.79 105.4% ------- BLUE .027 -.012 .015
---------------------------------------------------------------------------------------------
IWM 177.58 3.9 174.36 78.3% ------- BLUE -.032 -.059 -.091
---------------------------------------------------------------------------------------------
FAS 81.07 5.11 73.55 448.6% Bullish BLUE .037 .138 .175
---------------------------------------------------------------------------------------------
RETL 7.72 .56 6.95 583.4% Bearish BLUE .156 -.071 .085
---------------------------------------------------------------------------------------------
SOXL 10.87 1.3 9.67 620.6% Bearish BLUE .002 .118 .12
---------------------------------------------------------------------------------------------
TECL 22.12 1.75 22.1 -18.6% Bearish BLUE .004 -.214 -.21
---------------------------------------------------------------------------------------------
IBB 133.14 1.32 131.29 68.6% ------- BLUE .049 .012 .061
---------------------------------------------------------------------------------------------
GLD 173.71 3.19 169.64 142.5% Bullish BLUE .012 .072 .084
---------------------------------------------------------------------------------------------
DBO 14.39 .04 15.21 -166.7% Bullish RED .057 -.177 -.12
---------------------------------------------------------------------------------------------
OIH 305.58 9.44 304.05 62.4% Bullish BLUE .099 .024 .123
---------------------------------------------------------------------------------------------
CPER 23.79 .61 23.09 137.1% Bullish BLUE -.229 .103 -.126
---------------------------------------------------------------------------------------------
TAN 73.87 2.96 72.94 54.5% Bearish BLUE -.146 .031 -.115
---------------------------------------------------------------------------------------------
UUP 27.9 -.37 27.81 0% ------- RED .13 -.12 .01
---------------------------------------------------------------------------------------------
CORN 25.93 0 26.93 -194.3% Bullish RED .269 -.106 .163
---------------------------------------------------------------------------------------------
WEAT 7.52 -.03 7.98 -187.1% Bullish RED .052 -.177 -.125
---------------------------------------------------------------------------------------------
YINN 60.92 .5 46.18 1041.7% Bullish BLUE .042 1.577 1.619
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/6/23
Bullish = 39
Bearish = 9
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
GOLD .913 .826 .869 .782 .782 .782
HOMEBLDG .888 .833 .888 .833 .833 .888
BONDFUND .885 .816 .839 .85 .77 .735
INFRA .878 .787 .878 .757 .848 .878
COPPER .857 .857 .857 .857 .857 1
INSURANC .84 .76 .84 .76 .72 .76
EDU .833 .666 .666 .833 .833 .666
ETFS .818 .763 .781 .763 .745 .763
CHINA .795 .795 .795 .727 .681 .659
UTILITY .789 .684 .815 .763 .815 .842
DJI-13 .769 .615 .615 .615 .769 .769
JETS .769 .769 .615 .307 .307 .307
DOWJONES .766 .633 .666 .633 .633 .733
=====
SEMI .734 .521 .553 .478 .553 .574
SP-100 .722 .622 .655 .622 .622 .655
CHEM .72 .581 .674 .627 .604 .674
ELECTRON .714 .548 .571 .488 .533 .548
SP500 .713 .587 .662 .569 .608 .642
======
INDMATER .708 .583 .638 .569 .583 .611
INDEXES .702 .497 .578 .481 .535 .524
FIDSTKS .662 .562 .603 .538 .562 .597
RUS-1000 .657 .553 .616 .53 .561 .583
=======
MILITARY .653 .576 .615 .615 .692 .615
COMPUTER .65 .55 .45 .45 .4 .45
FINANCE .65 .462 .575 .475 .45 .512
BEVERAGE .642 .571 .714 .571 .714 .785
GUNS .642 .571 .571 .428 .5 .428
HOSPITAL .642 .642 .571 .5 .571 .571
NASD-100 .64 .5 .57 .5 .54 .55
======
GREEN .611 .388 .388 .333 .333 .5
HIGHPRIC .59 .448 .573 .469 .525 .56
TRANSP .578 .526 .473 .315 .368 .368
BIGBANKS .571 .571 .571 .571 .285 .428
REIT .553 .43 .584 .461 .469 .507
RETAIL .553 .446 .531 .446 .446 .489
AUTO .547 .396 .452 .377 .377 .377
BIOTECH .522 .502 .505 .42 .406 .403
NIFTY .522 .454 .454 .386 .454 .477
COMODITY .512 .512 .487 .512 .589 .615
=============================================================================================
SOFTWARE .5 .464 .535 .5 .464 .482
=============================================================================================
OILGAS .485 .409 .361 .323 .485 .476
GAMING .473 .421 .473 .421 .421 .421
LOWPRICE .429 .369 .349 .286 .263 .257
FOOD .428 .469 .448 .51 .632 .612
REGBANKS .4 .28 .28 .32 .36 .4
HACKERS .375 .375 .375 .375 .375 .375
COAL .333 .166 .166 .166 .166 .166
SOLAR .312 .125 .187 .125 .187 .187
MARIJUAN .1 .1 .2 0 .1 .1
|
================================================================================
Friday -
6:04 AM - Futures:
DJI +345 NASDAQ +127 Data Used:
1/5/2023
| |
1/5/2023
DJIA 32930.08 -339.69 -1.02
S&P 500 3808.10 -44.87 -1.16
Nasdaq 10305.24 -153.52 -1.47
NYSE Advances 1,293 vs 2,534
NYSE Declines 1,831 vs 611
New Highs = 64 + 106 = 170
New Lows = 37 + 90 = 127
|
|
| |
Again Short-Term Rates
moved up past 4.5%. This put the fear in those holding
last year's best performers and they nailed down profits in a number of
DJI-30 stocks.
Just five of the DJI-30, HON, UNH, HD, MSFT and GS, accounted for 240
points
of today's decline. Watch their key support levels shown below.
A break in them
and the DJI's 65-dma would force us to cast to the side the bullish
seasonality that
we have been relying on to try to get a good recovery in DIA and SOXL.
I studied the data back to 1929 to see how significant it is that the
DJI remains
below its 21-dma this far into the new year, when normally there should
be a
rally to the upper band. The only case where there was no such
rally was in
1931. In this case, the DJI made a fake-out sell-off to a new low
in mid January
and then rallied above the upper band in February. This, of
course, was in a long
bear market that had much further to drop in 1932 when more banks
failed and
the Depression deepened.
There are two other cases where January was very weak. In
1982 and 2008 much
bigger bear market declines followed. From this, I would
conclude that we really
must see a rally in the next week. Another week of
"no traction' is bound
to bring a breaking of support in the weak NASDAQ and QQQ.
And most likely,
the DJI will then fall below its key nested support, shown below.
But for now, we see a higher opening on a positive Jobs' Report.
Let's see if
Professionals add to positions on this rally rather than again
sell into the early
gains. That would be much more in keeping with the expected
bullish seasonality,
but another big reversal down today would be scary. In that
case, we
would have to sell if the support levels shown below are broken.
|
|
| |
Charts - 1/5/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90105.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-5-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-5-2023/BEARISH.htm
|
|
525 is DIA's key support.
|
 |
260 is key support...
 |
370 is key support
 |
SOXL is technically vulnerable.
 |
Weakest DJI Stocks: UNH, AAPL, MSFT
Watch key supports in HON (203), HD (310), GS (339) |
 |
 |
 |
 |
 |
 |
| Strongest DJI Stocks - BA and MRK |
 |
 |
Table 1 - Breadth and Volume Statistics 1/5/2023
DJIA 32930.08 -339.69 -1.02
S&P 500 3808.10 -44.87 -1.16
Nasdaq 10305.24 -153.52 -1.47
NYSE Advances 1,293 vs 2,534
NYSE Declines 1,831 vs 611
New Highs = 64 + 106 = 170
New Lows = 37 + 90 = 127
NYSE Latest Close Previous Close Week Ago
Issues traded 3,235 3,230 3,254
Advances 1,293 2,534 2,629
Declines 1,831 611 525
Unchanged 111 85 100
New highs 64 65 56
New lows 37 19 84
Adv. volume* 335,046,086 833,688,496 602,838,900
Decl. volume* 527,903,261 133,843,784 58,297,174
Total volume* 867,785,830 970,472,632 668,494,561
Closing Arms (TRIN)† 0.90 0.64 0.52
Block trades* 4,272 4,632 4,126
Adv. volume 1,703,063,575 3,806,471,577 2,685,791,927
Decl. volume 2,160,135,607 590,497,192 279,777,679
Total volume 3,893,457,747 4,414,084,449 3,003,688,938
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,821 4,802 4,780
Advances 1,892 3,369 3,742
Declines 2,720 1,234 867
Unchanged 209 199 171
New highs 106 102 89
New lows 90 57 209
Closing Arms (TRIN)† 0.96 0.61 0.52
Block trades 32,833 31,797 27,101
Adv. volume 1,976,420,487 4,108,494,476 3,689,443,700
Decl. volume 2,733,905,411 915,205,080 447,007,842
Total volume 4,764,276,405 5,085,380,920 4,154,103,083
|
Table 2 QUICKSILVER on ETFS - 1/5/2023
--- Bullish = 1 YINN
Bearish = 1 TECL
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 329.22 -3.34 332.06 9.8% Bearish RED .043 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 10305.24 -153.52 10478.09 44.2% Bearish RED -.106 -.104 -.21
---------------------------------------------------------------------------------------------
SPY 379.38 -4.38 383.44 35.7% Bearish RED -.064 -.044 -.108
---------------------------------------------------------------------------------------------
QQQ 261.58 -4.16 266.44 28% Bearish RED -.13 -.106 -.236
---------------------------------------------------------------------------------------------
MDY 442.85 -4.6 444.78 73.8% Bearish RED -.028 -.001 -.029
---------------------------------------------------------------------------------------------
IWM 173.68 -1.88 174.85 90.7% Bearish RED -.088 -.044 -.132
---------------------------------------------------------------------------------------------
FAS 75.96 -1.94 74.32 317% Bearish RED -.02 .113 .093
---------------------------------------------------------------------------------------------
RETL 7.16 -.19 6.9 545.2% Bearish BLUE .103 -.026 .077
---------------------------------------------------------------------------------------------
SOXL 9.57 -.5 9.67 372.7% Bearish RED -.061 .058 -.003
---------------------------------------------------------------------------------------------
TECL 20.37 -1.28 22.2 -60.2% Bearish RED -.055 -.226 -.281
---------------------------------------------------------------------------------------------
IBB 131.82 .11 131.34 131.4% ------- BLUE .017 .034 .051
---------------------------------------------------------------------------------------------
GLD 170.52 -2.15 168.85 76.8% ------- RED -.057 .065 .008
---------------------------------------------------------------------------------------------
DBO 14.35 .07 14.88 -202.4% ------- BLUE .004 -.167 -.163
---------------------------------------------------------------------------------------------
OIH 296.14 5.48 301.88 32.9% ------- BLUE .04 .006 .046
---------------------------------------------------------------------------------------------
CPER 23.18 .52 23.16 4.4% ------- BLUE -.283 .074 -.209
---------------------------------------------------------------------------------------------
TAN 70.91 -2.39 73.08 -63.3% Bearish RED -.236 .048 -.188
---------------------------------------------------------------------------------------------
UUP 28.27 .26 27.9 35.7% Bullish BLUE .197 -.107 .09
---------------------------------------------------------------------------------------------
CORN 25.93 -.18 26.96 -205.7% Bullish RED .274 -.092 .182
---------------------------------------------------------------------------------------------
WEAT 7.55 0 7.81 -236.5% Bullish ---- .043 -.167 -.124
---------------------------------------------------------------------------------------------
YINN 60.42 -.28 49.75 1446.3% ------- BLUE 0 1.703 1.703
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/5/23
Bullish = 30
Bearish = 18
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER .857 .857 .857 .857 1 1
HOMEBLDG .833 .888 .833 .833 .888 .777
GOLD .826 .869 .782 .782 .782 .782
BONDFUND .816 .839 .85 .77 .735 .62
INFRA .787 .878 .757 .848 .878 .696
JETS .769 .615 .307 .307 .307 .307
ETFS .763 .781 .763 .745 .781 .745
INSURANC .76 .84 .76 .72 .76 .64
CHINA .72 .72 .66 .62 .6 .58
UTILITY .684 .815 .763 .815 .868 .842
EDU .666 .666 .833 .833 .666 .5
HOSPITAL .642 .571 .5 .571 .571 .571
DOWJONES .633 .666 .633 .633 .733 .633
=====
DJI-13 .615 .615 .615 .769 .769 .692
SP-100 .611 .644 .622 .622 .655 .588
CHEM .608 .695 .652 .608 .695 .565
SP500 .585 .66 .569 .604 .65 .543
=====
INDMATER .583 .638 .569 .583 .625 .541
MILITARY .576 .615 .615 .692 .615 .538
BEVERAGE .571 .714 .571 .714 .785 .785
BIGBANKS .571 .571 .571 .285 .428 .285
GUNS .571 .571 .428 .5 .428 .285
FIDSTKS .562 .603 .538 .562 .597 .514
RUS-1000 .552 .614 .53 .561 .588 .481
=====
COMPUTER .55 .45 .45 .4 .45 .3
ELECTRON .548 .571 .488 .533 .533 .353
TRANSP .526 .473 .315 .368 .421 .368
SEMI .521 .553 .478 .553 .553 .329
COMODITY .512 .487 .487 .589 .589 .589
BIOTECH .509 .509 .432 .415 .41 .338
===============================================================================================
NASD-100 .5 .57 .5 .54 .55 .44
===============================================================================================
INDEXES .497 .578 .481 .535 .54 .432
FOOD .469 .448 .489 .632 .612 .591
SOFTWARE .464 .553 .5 .464 .5 .41
FINANCE .462 .575 .475 .437 .5 .4
NIFTY .454 .454 .386 .454 .5 .34
HIGHPRIC .448 .573 .469 .525 .573 .422
RETAIL .446 .531 .446 .446 .489 .425
REIT .43 .576 .469 .476 .492 .384
GAMING .421 .473 .368 .473 .421 .315
OILGAS .409 .361 .323 .485 .485 .38
AUTO .396 .452 .377 .377 .396 .32
GREEN .388 .388 .333 .333 .5 .333
HACKERS .375 .375 .375 .375 .375 .375
LOWPRICE .372 .352 .289 .263 .257 .234
REGBANKS .28 .28 .32 .36 .4 .28
COAL .166 .166 .166 .166 .166 .166
SOLAR .125 .187 .125 .187 .187 .125
MARIJUAN .1 .2 0 .1 .1 0
|
====================================================================================
Thursday - 6:00 AM - Futures: DJI -147 NASDAQ -63 Data
Used: 1/4/2023
| |
1/4/2023
DJIA 33269.77 133.40 +0.40%
S&P 500 3852.97 28.83 +0.75%
Nasdaq 10458.76 71.78 +0.69%
NYSE Advances 2,534 vs 1,891
Declines 611 vs 1,254
New highs 65 + 102 = 167
New lows 19 + 57 = 86
NYSE Latest Close Previous Close Week Ago
Issues traded 3,230 3,227 3,245
Advances 2,534 1,891 718
Declines 611 1,254 2,455
|
|
| |
Short-Term
Rates ran up Wednesday past 4.5%. Traders tried to
shrug this
off, but this morning they are more
cautious. See how the narrowly the key
ETFs have been trading for the last
two weeks. Whichever way the DJI
breaks will be an important clue
for what will follow.
The seasonality keep encouraging a
recovery. And breadth was excellent today.
See above there were 4x times more
advancers than decliners despite the DJI's
modest ).4% gain. The break
in the downtrend of the A/D Line should mean
continuning improvement in the
P-Indicator and this ought to mean no Sell S9
if the DJI should jump 2.4% from
here, past the present resistance at its 21-day
ma.
Very few stocks look exceptionally
weak other than the past years' tech favorites,
notably, TSLA, AMZN, GOOG and AAPL.
This may allow the NASDAQ,
QQQ and SOXL to form bases and
start playing catch-up after more backing and
filling. But the FED's
apparent determination not to drop rates and fight inflation
this coming year is a deterrent.
Normally, rallies take place when the FED starts
to drop short-term interest rates.
Today, short-term rates rose above 4.5%.
Last year, UNH, the highest priced
Dow stock did a yeoman-like job holding
up the DJI. It has just
broken its price and Closing Power uptrend. Boeing
is now strongly rallying, and has
doubled from it Covid low. We cannot deterimine
a trend yet in Home Depot and
Goldman Sachs, two very high prices DJI-30
stocks. But it is bullish
that CAT, the #3 most heavily weighted DJI stock is
the highest AI/200 stock.
The NASDAQ and QQQ, as I've
said, are basing. Their Closing Powers
have not yet broken their
downtrends. They must not break to new lows,
just as the DJI must not
break below its 65-dma rising support. That would
call into question the whole
bullishness of the current year.
There are some bullish MAXCPs
that warrant purchasing. We will hold
DIA and SOXL in deference to
the Peerless Buys and the bullish seasonality.
Chinese stocks are turning
back up. This will also help the world markets.
At present, we are avoiding
the short side of the market altogether. |
|
| |
Charts - 1/4/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90104.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China:
YINN CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-4-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-4-2023/BEARISH.htm
|
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| |
| |
| |
| |
Table 1 - Breadth and Volume Statistics 1/4/2023
DJIA 33269.77 133.40 0.40
S&P 500 3852.97 28.83 0.75
Nasdaq Composite 10458.76 71.78 0.69
NYSE Advances 2,534 vs 1,891
Declines 611 vs 1,254
New highs 65 + 102 = 167
New lows 19 + 57 = 86
NYSE Latest Close Previous Close Week Ago
Issues traded 3,230 3,227 3,245
Advances 2,534 1,891 718
Declines 611 1,254 2,455
Unchanged 85 82 72
New highs 65 71 62
New lows 19 36 180
Adv. volume* 833,688,496 452,276,087 95,820,808
Decl. volume* 133,843,784 441,820,915 516,571,296
Total volume* 970,472,632 898,744,161 625,406,414
Closing Arms (TRIN)† 0.64 1.58 1.30
Block trades* 4,632 4,692 3,919
Adv. volume 3,806,471,577 1,920,554,565 550,877,318
Decl. volume 590,497,192 2,016,417,140 2,457,388,820
Total volume 4,414,084,449 3,959,146,371 3,083,527,250
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,802 4,843 4,794
Advances 3,369 2,516 1,546
Declines 1,234 2,118 3,042
Unchanged 199 209 206
New highs 102 107 99
New lows 57 93 502
Closing Arms (TRIN)† 0.61 1.18 0.92
Block trades 31,797 31,052 25,159
Adv. volume 4,108,494,476 2,370,747,920 1,340,021,635
Decl. volume 915,205,080 2,346,852,150 2,434,616,753
Total volume 5,085,380,920 4,780,654,557 3,842,976,514
|
Table 2 QUICKSILVER on ETFS - 1/4/2023 ---
Bullish = 1 YINN
Bearish = 3 DBO, CPER, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 332.56 1.34 328.57 2.9% ------- RED .034 0 .034
---------------------------------------------------------------------------------------------
COMPQX 10458.76 71.77 10213.29 50.8% Bearish RED -.093 -.107 -.2
---------------------------------------------------------------------------------------------
SPY 383.76 2.94 376.66 31% Bearish BLUE -.063 -.044 -.107
---------------------------------------------------------------------------------------------
QQQ 265.74 1.26 260.1 40.9% Bearish RED -.114 -.105 -.219
---------------------------------------------------------------------------------------------
MDY 447.45 6.73 436.32 41.1% Bearish BLUE -.069 -.008 -.077
---------------------------------------------------------------------------------------------
IWM 175.56 2.16 170.53 67.5% Bearish BLUE -.129 -.053 -.182
---------------------------------------------------------------------------------------------
FAS 77.9 3.48 71.25 393.1% Bearish BLUE -.066 .166 .1
---------------------------------------------------------------------------------------------
RETL 7.35 .57 6.41 466.5% Bearish BLUE .058 .011 .069
---------------------------------------------------------------------------------------------
SOXL 10.07 .71 8.86 427.1% Bearish BLUE -.034 .104 .07
---------------------------------------------------------------------------------------------
TECL 21.65 .17 20.63 -9.3% Bearish RED -.038 -.164 -.202
---------------------------------------------------------------------------------------------
IBB 131.71 1.67 128.39 93.8% ------- BLUE -.018 .02 .002
---------------------------------------------------------------------------------------------
GLD 172.67 1.61 167.91 118.2% ------- RED -.112 .05 -.062
---------------------------------------------------------------------------------------------
DBO 14.28 -.5 14.95 -276.9% ------- RED -.058 -.199 -.257
---------------------------------------------------------------------------------------------
OIH 290.66 1.07 294.19 -220.1% ------- BLUE -.054 -.021 -.075
---------------------------------------------------------------------------------------------
CPER 22.66 -.13 23.16 -78.1% ------- RED -.312 .01 -.302
---------------------------------------------------------------------------------------------
TAN 73.3 1.13 71.83 15.1% Bearish BLUE -.222 .032 -.19
---------------------------------------------------------------------------------------------
UUP 28.01 -.1 28.07 7.2% Bullish ---- .229 -.139 .09
---------------------------------------------------------------------------------------------
CORN 26.11 -.52 27.03 -95% Bullish RED .167 -.112 .055
---------------------------------------------------------------------------------------------
WEAT 7.55 -.31 7.92 -171.4% ------- RED -.097 -.2 -.297
---------------------------------------------------------------------------------------------
YINN 60.7 9.69 45.76 1015.4% ------- BLUE -.089 .869 .78
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
1/4/23
Bullish = 34
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
HOMEBLDG .888 .833 .833 .888 .777 .888
INFRA .878 .757 .848 .878 .787 .878
GOLD .869 .782 .782 .782 .804 .869
COPPER .857 .857 .857 1 1 1
INSURANC .84 .76 .72 .76 .68 .76
BONDFUND .839 .85 .77 .735 .632 .574
UTILITY .815 .763 .815 .868 .842 .789
ETFS .781 .763 .745 .781 .763 .781
CHINA .72 .66 .62 .6 .58 .66
BEVERAGE .714 .571 .714 .785 .785 .785
CHEM .695 .652 .63 .673 .608 .652
DOWJONES .666 .633 .633 .733 .666 .7
-----
EDU .666 .833 .833 .666 .5 .5
SP500 .66 .569 .604 .646 .563 .62
-----
SP-100 .644 .622 .622 .655 .6 .644
INDMATER .638 .569 .583 .625 .555 .652
DJI-13 .615 .615 .769 .769 .769 .769
JETS .615 .307 .307 .307 .307 .384
MILITARY .615 .615 .692 .615 .538 .576
RUS-1000 .614 .53 .561 .588 .496 .568
-----
FIDSTKS .603 .538 .562 .597 .532 .579
INDEXES .578 .481 .535 .54 .437 .529
REIT .576 .461 .484 .5 .4 .553
FINANCE .575 .475 .437 .487 .412 .5
HIGHPRIC .573 .469 .525 .573 .435 .5
BIGBANKS .571 .571 .285 .428 .285 .428
ELECTRON .571 .488 .533 .533 .36 .488
GUNS .571 .428 .5 .428 .285 .285
HOSPITAL .571 .5 .571 .571 .571 .571
NASD-100 .57 .5 .54 .55 .45 .49
-----
SEMI .553 .478 .553 .553 .319 .478
SOFTWARE .553 .517 .464 .5 .41 .446
RETAIL .531 .446 .446 .489 .425 .553
BIOTECH .509 .429 .418 .41 .336 .344
==================================================================================================
COMODITY .487 .487 .564 .589 .589 .589
GAMING .473 .368 .421 .473 .315 .368
TRANSP .473 .315 .368 .421 .368 .473
NIFTY .454 .386 .454 .5 .34 .409
AUTO .452 .377 .377 .396 .32 .358
COMPUTER .45 .45 .4 .45 .3 .35
FOOD .448 .489 .612 .612 .591 .571
GREEN .388 .333 .333 .5 .333 .444
HACKERS .375 .375 .375 .375 .375 .375
OILGAS .361 .323 .485 .485 .409 .533
LOWPRICE .352 .292 .266 .257 .234 .246
REGBANKS .28 .32 .36 .4 .32 .44
MARIJUAN .2 0 .1 .1 0 .1
SOLAR .187 .125 .187 .187 .125 .187
COAL .166 .166 .166 .166 .166 .833
|
===================================================================================
Wednesday - 6:00 AM - Futures: DJI
+148 NASDAQ +82 Data Used: 1/3/2023
| |
1/3/2023
DJIA 33136.37 -10.88 -0.03%
S&P 500 3824.14 -15.36 -0.40%
Nasdaq 10386.98 -79.50 -0.76%
NYSE Advances 1,891 vs 1,400
NYSE Declines 1,254 vs 1,714
New Highs 71 + 107 = 178
New Lows 36 + 93 = 129 ,054
|
|
| |
Bullish as the seasonality is, eager
sellers came out with guns "a-blazing" in the
first few hours of trading. What had been a
pre-market +300 gain was turned
into a 300-point decline by the DJI at the mid-day.
Though the DJI slowly
fought its way back to only a 11 point loss at the
close, the NASDAQ could
not recover nearly as much. The NASDAQ was
clobbered by Tesla which
fell 12 more to another new low. This leaves
the NASDAQ and QQQ much
closer to their lows of last year. They must turn
around soon.
I suppose tax-losses can also be taken early in the
new year in the beaten-down
techs. So, let's give the NASDAQ and SOXL a
little more time to turn up
in this ordinarily very bullish year. I would
prefer to buy the beaten-down
tech stocks only when their 5-day ma turns up along
with their Closing Powers.
That cannot happen easily with those stocks making
new lows like Tesla. Do not
try to call a bottom with these weakest techs.
For now, both the Closing Powers and the 5-day moving
averages for DIA,
SPY and QQQ are both still falling The usual
bullish seasonality of January
in the third-year of the four-year Presidential cycle
may still enter the picture,
but there is a big selller at the DJI's 21-day ma.
That resistance must be
overcome. The market needs leadership.
There is very little of that apparent,
even among the MAXCPs. The market seems
becalmed and in a waiting mode.
We will keep looking for that.
The good news is that the DJI's 65-dma is rising
quickly, bonds moved up
and are on a new red Buy and the NYSE A/D Line
downtrend could be
broken Wednesday if the higher opening launches a
recovery on the NYSE also.
So, out of repect for the bullish seasonality and the
absence of a new Peerless Sell,
continue to hold DIA, SOXL and the high accumulation
turn-arounds I
mentioned yesterday. |
|
| |
Charts - 1/3/2023
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 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD90103.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/1-3-2023/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/1-3-2023/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
1/3/2023
DJIA 33136.37 -10.88 -0.03%
S&P 500 3824.14 -15.36 -0.40%
Nasdaq 10386.98 -79.50 -0.76%
NYSE Advances 1,891 vs 1,400
NYSE Declines 1,254 vs 1,714
New Highs 71 + 107 = 178
New Lows 36 + 93 = 129
NYSE Latest Close Previous Close Week Ago
Issues traded 3,227 3,260 3,261
Advances 1,891 1,400 1,409
Declines 1,254 1,714 1,770
Unchanged 82 146 82
New highs 71 49 65
New lows 36 72 137
Adv. volume* 452,276,087 284,576,532 328,563,550
Decl. volume* 441,820,915 432,299,921 274,788,552
Total volume* 898,744,161 730,101,865 609,347,797
Closing Arms (TRIN)† 1.58 1.12 0.76
Block trades* 4,692 4,080 3,857
Adv. volume 1,920,554,565 1,233,684,531 1,532,750,364
Decl. volume 2,016,417,140 1,685,758,787 1,469,147,826
Total volume 3,959,146,371 2,979,871,579 3,030,305,147
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,843 4,910 4,838
Advances 2,516 2,294 1,587
Declines 2,118 2,378 3,063
Unchanged 209 238 188
New highs 107 101 103
New lows 93 181 534
Closing Arms (TRIN)† 1.18 0.61 1.42
Block trades 31,052 25,909 25,192
Adv. volume 2,370,747,920 2,304,468,811 1,013,924,400
Decl. volume 2,346,852,150 1,458,576,797 2,784,039,541
Total volume 4,780,654,557 3,959,035,029 3,827,292,054
|
Table 2 QUICKSILVER on ETFS - 1/3/2023 ---
Bullish = 1 YINN
Bearish = 3 DBO, CPER, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 331.22 -.11 332.37 -10.7% Bearish RED .053 --------------
---------------------------------------------------------------------------------------------
COMPQX 10386.99 -79.49 10353.23 -53.3% Bearish RED -.081 -.113 -.194
---------------------------------------------------------------------------------------------
SPY 380.82 -1.61 381.4 -27.4% Bearish RED -.042 -.05 -.092
---------------------------------------------------------------------------------------------
QQQ 264.48 -1.8 263.58 -54.4% Bearish RED -.094 -.109 -.203
---------------------------------------------------------------------------------------------
MDY 440.72 -2.07 443.82 -32.7% Bearish RED -.064 -.025 -.089
---------------------------------------------------------------------------------------------
IWM 173.4 -.96 173.22 -28.5% Bearish RED -.101 -.066 -.167
---------------------------------------------------------------------------------------------
FAS 74.42 .87 72.15 157.5% Bearish RED -.023 .192 .169
---------------------------------------------------------------------------------------------
RETL 6.78 -.17 6.72 -95.9% Bearish RED .057 -.016 .041
---------------------------------------------------------------------------------------------
SOXL 9.36 -.31 9.27 -217% Bearish RED -.021 .124 .103
---------------------------------------------------------------------------------------------
TECL 21.48 -.62 21.69 -197.3% Bearish RED -.021 -.12 -.141
---------------------------------------------------------------------------------------------
IBB 130.04 -1.25 129.27 -76.3% ------- RED .03 .014 .044
---------------------------------------------------------------------------------------------
GLD 171.06 1.42 168.67 112.8% ------- RED -.102 .037 -.065
---------------------------------------------------------------------------------------------
DBO 14.78 -.43 15.11 -73.2% ------- RED -.091 -.186 -.277 Bearish
---------------------------------------------------------------------------------------------
OIH 289.59 -14.46 303.81 -206.5% ------- RED -.037 .005 -.032
---------------------------------------------------------------------------------------------
CPER 22.79 -.3 23.02 -58.4% ------- RED -.32 .02 -.300 Bearish
---------------------------------------------------------------------------------------------
TAN 72.17 -.77 73.08 -183.8% Bearish RED -.191 .012 -.179
---------------------------------------------------------------------------------------------
UUP 28.11 .3 27.97 23.3% Bullish ---- .19 -.166 .024
---------------------------------------------------------------------------------------------
CORN 26.63 -.3 26.62 50.4% Bullish RED .163 -.118 .045
---------------------------------------------------------------------------------------------
WEAT 7.86 -.12 7.82 44.5% ------- RED -.074 -.19 -.264
---------------------------------------------------------------------------------------------
YINN 51.01 4.83 50.81 687.8% ------- BLUE -.11 .566 .456
|
Table 3 RANKING OF KEY DIRECTORIES BASED ON PCT.OF STOCKS ABOVE 65-DMA
1/3/23
Bullish = 22
Bearish = 25
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER .857 .857 1 1 1 1
BONDFUND .85 .77 .735 .632 .586 .758
EDU .833 .833 .666 .5 .5 .5
HOMEBLDG .833 .833 .888 .777 .888 .888
GOLD .782 .782 .782 .804 .869 .847
ETFS .763 .745 .781 .763 .8 .745
UTILITY .763 .815 .868 .842 .789 .842
INSURANC .76 .72 .76 .68 .76 .76
INFRA .757 .848 .878 .787 .878 .848
CHINA .66 .62 .6 .58 .66 .62
CHEM .652 .63 .695 .586 .673 .652
DOWJONES .633 .633 .733 .666 .7 .733
=====
SP-100 .622 .622 .655 .6 .644 .655
DJI-13 .615 .769 .769 .769 .769 .846
MILITARY .615 .692 .615 .538 .615 .576
BEVERAGE .571 .714 .785 .785 .785 .785
BIGBANKS .571 .285 .428 .285 .428 .571
INDMATER .569 .583 .625 .555 .652 .652
SP500 .569 .604 .646 .559 .624 .634
=====
FIDSTKS .538 .562 .597 .532 .579 .591
RUS-1000 .53 .561 .588 .496 .57 .581
=====
SOFTWARE .517 .482 .5 .41 .446 .482
=================================================================================================
HOSPITAL .5 .571 .571 .571 .571 .571
NASD-100 .5 .54 .55 .45 .49 .51
=====
=================================================================================================
FOOD .489 .612 .591 .591 .571 .571
ELECTRON .488 .533 .533 .36 .496 .526
COMODITY .487 .564 .564 .589 .589 .564
INDEXES .481 .535 .54 .437 .529 .54
SEMI .478 .553 .553 .319 .468 .521
FINANCE .475 .437 .487 .4 .512 .525
HIGHPRIC .469 .525 .573 .435 .5 .543
REIT .461 .476 .507 .407 .538 .561
COMPUTER .45 .4 .45 .3 .35 .35
RETAIL .446 .446 .489 .425 .553 .51
BIOTECH .429 .415 .413 .336 .341 .382
GUNS .428 .5 .428 .285 .357 .357
NIFTY .386 .454 .5 .34 .409 .454
AUTO .377 .377 .396 .32 .358 .358
HACKERS .375 .375 .375 .375 .437 .437
GAMING .368 .421 .421 .368 .368 .421
GREEN .333 .333 .5 .333 .444 .444
OILGAS .323 .485 .485 .409 .533 .504
REGBANKS .32 .36 .4 .32 .44 .4
TRANSP .315 .368 .421 .368 .473 .526
JETS .307 .307 .307 .307 .384 .384
LOWPRICE .299 .277 .268 .243 .252 .302
COAL .166 .166 .166 .166 .833 .666
SOLAR .125 .187 .187 .125 .187 .25
MARIJUAN 0 .1 .1 0 .1 .1
|
===================================================================================
Tuesday -
3:00 AM - Futures: DJI +291 NASDAQ +122 Data
Used: 12/30/22
| |
12-30-22
DJIA 33147.25 -73.55 -0.22%
S&P 500 3839.50 -9.78 -0.25%
Nasdaq 10466.48 -11.61 -0.11%
NHs 49 + 101 = 150
NLs 72 + 181 = 253
|
|
| |
Happy New Year!
Our new year now is the 3rd year of
the four-year Presidential cycle. Such
years are reliably quite bullish.
Since 1943, these years brought excellent
gains for at least three months,
with only one exception, 2003.
After next
DJIA Pct
Up.
DJIA Avg.Gain
---------------
----------------
5 trading days
1.6%
73.3%
10 trading days
2.7%
86.7%
21 trading days
3.4%
80.0%
42 trading days
6.0%
86.7%
65 trading days
8.7%
93.3%
130 trading days
13.8%
93.3%
This bullish seasonality is consistently
present in all but one of these year since 1943.
We have to go back to the Depression years to
find tops in January (1939) and
February (1931 and 1935.) Should the DJI
stall out in the next two months and drop
below the lower band, it will probably mean we
are in for a very bad year.
Tops before DJI breaks below lower band.
2/24/1931, 2/18/1935 and 1/3/1939
7/15/1943,
7/24/1947, 9/14/1951, 9/22/1955, 8/3/1959, 12/24/1963,
9/25/1967, 4/28/1971,
7/15/1975, 10/5/1979, 11/29/1983, 8/25/87,
10/18/91, 12/14/1995,
8/25/1999, 1/13/2003, 7/19/2007,
5/2/2011,
5/19/2015, 4/23/2019
This bullish seasonality is the basis of the
current Peerless Buy signals and was
the reason the Hotline suggested covering all
short sales on the last day of the
old year. Because tax-loss selling has
now come to an end, we should see
rallies in many of the most beaten down stocks
that showed a rise in their
Closing Power on Friday. Ideally, we also
want to see their 5-day moving
averages turn up. Buy some of the bullish
MAXCPs and high Accumulation
low priced and depressed stocks shown below.
We will want to see SOXL
and NVDA turn up now, too. And it will be
important for the DJI to get back
above its 21-day ma and for it to make gains
beyond its opening so that its Closing
Power can break above its downtrend.
|
|
| |
Charts - 12/30/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV Short-Term Rates
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD81230.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-30-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-30-22/BEARISH.htm
|
|
DJI is having troubles rising
back above its 21-dma. A good rally today will break the
downtrend in the NYSE A/D Line.
 |
 |
Short-term Closing Power
turned up with 5-dma rising.
 |
NASDAQ still has falling 5-dma, but short-term CP turned up
without a new low being made.
 |
QQQ still shows a falling 5-dma, but its short-term Cl.Pwr.
did turn up.
 |
5-dma is still falling, but short-term ClPwr. turned up.
Closing Power for NVDA is still
falling but it is holding at support
of 65-dma.
 |
New low limits upside potential here.
 |
UNH is under steady Clos.Pwer selling pressure.
 |
Home Depot looks like it is tightly bound beteeen support at
310 and
resistance at 330.
 |
Tiger ":Tahiti" Stock at end of 4th qtr is CAT.
 |
TSLA is due to rebound now that tax-loss selling is over.
 |
AMZN is due to rebound now that tax-loss selling
is over.
 |
Interesting Speculations for 2023 based on
high Accumulation for last
100 days: TRH, |
 |
 |
 |
Table 1 - Breadth Statistics NYSE Latest Close Previous Close Week Ago
Issues traded 3,260 3,254 3,229
Advances 1,400 2,629 2,088
Declines 1,714 525 1,022
Unchanged 146 100 119
New highs 49 56 52
New lows 72 84 82
Adv. volume* 284,576,532 602,838,900 410,492,663
Decl. volume* 432,299,921 58,297,174 159,525,615
Total volume* 730,101,865 668,494,561 577,667,066
Closing Arms (TRIN)† 1.12 0.52 0.88
Block trades* 4,080 4,126 3,909
Adv. volume 1,233,684,531 2,685,791,927 1,942,534,345
Decl. volume 1,685,758,787 279,777,679 833,549,418
Total volume 2,979,871,579 3,003,688,938 2,819,286,009
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,910 4,780 4,764
Advances 2,294 3,742 2,365
Declines 2,378 867 2,165
Unchanged 238 171 234
New highs 101 89 71
New lows 181 209 274
Closing Arms (TRIN)† 0.61 0.52 0.83
Block trades 25,909 27,101 26,118
Adv. volume 2,304,468,811 3,689,443,700 1,993,512,978
Decl. volume 1,458,576,797 447,007,842 1,512,024,860
Total volume 3,959,035,029 4,154,103,083 3,544,680,373
|
Table 2 QUICKSILVER on ETFS - 12/30/2022 ---
Bullish = 1 YINN
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 331.33 -.73 331.93 16.2% ------- BLUE .054 ---------------
---------------------------------------------------------------------------------------------
COMPQX 10466.48 -11.61 10497.86 -4.6% Bearish BLUE -.043 -.109 -.152
---------------------------------------------------------------------------------------------
SPY 382.43 -1.01 382.91 22.4% ------- BLUE -.029 -.051 -.08
---------------------------------------------------------------------------------------------
QQQ 266.28 -.16 267.36 -9.1% Bearish BLUE -.069 -.104 -.173
---------------------------------------------------------------------------------------------
MDY 442.79 -1.99 443.61 28.7% Bearish BLUE -.078 -.033 -.111
---------------------------------------------------------------------------------------------
IWM 174.36 -.49 174.39 21.9% Bearish BLUE -.101 -.07 -.171
---------------------------------------------------------------------------------------------
FAS 73.55 -.77 72.13 177.4% Bearish BLUE -.028 .116 .088
---------------------------------------------------------------------------------------------
RETL 6.95 .05 6.91 260.9% Bearish BLUE .058 -.026 .032
---------------------------------------------------------------------------------------------
SOXL 9.67 0 9.77 -58.1% Bearish BLUE .008 .189 .197
---------------------------------------------------------------------------------------------
TECL 22.1 -.1 22.34 -45.8% ------- BLUE .03 -.089 -.059
---------------------------------------------------------------------------------------------
IBB 131.29 -.05 132.03 -97% ------- BLUE .081 .019 .1
---------------------------------------------------------------------------------------------
GLD 169.64 .79 167.26 85.8% ------- BLUE -.04 .03 -.01
---------------------------------------------------------------------------------------------
DBO 15.21 .33 15 191.1% ------- BLUE -.189 -.153 -.342
---------------------------------------------------------------------------------------------
OIH 304.05 2.17 302.03 218% ------- BLUE -.064 .073 .09
---------------------------------------------------------------------------------------------
CPER 23.09 -.07 23.06 78.2% Bullish BLUE -.292 .066 -.226
---------------------------------------------------------------------------------------------
TAN 72.94 -.14 74.86 -198% Bearish BLUE -.24 .015 -.225
---------------------------------------------------------------------------------------------
UUP 27.81 -.09 27.98 -32.2% Bullish ---- .11 -.172 -.062
---------------------------------------------------------------------------------------------
CORN 26.93 -.03 26.36 123.8% Bullish BLUE .127 -.095 .032
---------------------------------------------------------------------------------------------
WEAT 7.98 .17 7.79 179.3% Bullish BLUE -.096 -.159 -.255
---------------------------------------------------------------------------------------------
YINN 46.18 -3.57 44.49 93.2% ------- RED -.125 .43 .305
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/30/22
Bullish = 28
Bearish = 20
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER .857 1 1 1 1 1
INFRA .848 .878 .787 .878 .848 .848
EDU .833 .666 .5 .5 .5 .5
HOMEBLDG .833 .888 .777 .888 .888 .888
UTILITY .815 .868 .842 .789 .842 .842
GOLD .782 .782 .804 .869 .847 .847
BONDFUND .77 .735 .632 .586 .747 .77
DJI-13 .769 .769 .769 .769 .846 .846
ETFS .745 .781 .763 .8 .763 .745
INSURANC .72 .76 .68 .76 .76 .76
BEVERAGE .714 .785 .785 .785 .785 .785
MILITARY .692 .615 .538 .615 .615 .538
DOWJONES .633 .733 .666 .7 .733 .766
=====
CHEM .63 .695 .608 .652 .652 .63
SP-100 .622 .655 .6 .644 .666 .655
CHINA .62 .6 .58 .66 .62 .6
FOOD .612 .591 .571 .571 .571 .551
SP500 .604 .646 .559 .62 .642 .608
=====
INDMATER .583 .625 .555 .652 .652 .597
HOSPITAL .571 .571 .571 .571 .571 .571
COMODITY .564 .564 .564 .589 .564 .589
FIDSTKS .562 .597 .532 .579 .597 .573
RUS-1000 .561 .588 .496 .57 .586 .558
=====
SEMI .557 .557 .326 .473 .515 .526
NASD-100 .54 .55 .45 .49 .52 .53
=====
INDEXES .535 .54 .437 .529 .54 .502
ELECTRON .533 .533 .36 .496 .518 .511
HIGHPRIC .525 .573 .435 .5 .556 .538
===============================================================================================
GUNS .5 .428 .285 .357 .357 .357
===============================================================================================
OILGAS .485 .485 .409 .533 .514 .409
SOFTWARE .482 .517 .41 .446 .482 .428
REIT .476 .5 .415 .546 .553 .507
NIFTY .454 .5 .34 .409 .454 .431
RETAIL .446 .489 .425 .553 .531 .446
FINANCE .437 .487 .4 .5 .537 .5
GAMING .421 .421 .315 .421 .421 .421
BIOTECH .415 .41 .338 .341 .385 .415
COMPUTER .4 .45 .3 .35 .4 .45
AUTO .377 .396 .32 .358 .358 .339
HACKERS .375 .375 .375 .437 .437 .437
TRANSP .368 .421 .368 .473 .526 .473
REGBANKS .36 .4 .32 .44 .4 .28
GREEN .333 .5 .333 .444 .444 .444
JETS .307 .307 .307 .384 .384 .384
BIGBANKS .285 .428 .285 .428 .571 .571
LOWPRICE .277 .271 .246 .254 .296 .274
SOLAR .187 .187 .125 .187 .25 .312
COAL .166 .166 .166 .833 .666 .5
MARIJUAN .1 .1 0 .1 .1 .1
|
===================================================================================
Friday - 6:15 AM - Futures: DJI -140 NASDAQ -107 Data Used: 12/29/22
| |
12-29-22
DJIA 33220.80 345.09 1.05
S&P 500 3849.28 66.06 1.75
Nasdaq 10478.09 264.80 2.59
New highs 56 + 89 = 145
New lows 84 + 209 = 293
NYSE Advances 2,629 vs 718 (day before)
NYSE Declines 525 vs 2,455 (day before)
|
|
| |
Happy New Year. Third years in Presidential
Election Years usually bring
good advances through
the middle of the Summer. So, good things may happen
in 2023.
The immediate market
future is likely to be most affected by year-end tax
pressures and shifts
into stocks that seem likely to perform the best in the
year. The DJI
based on Peerless signals may still manage to rise by more than
2%, at which point a
Sell signal is likely. CAT is the highest AI/200 stock
and our Tahiti
long-term pick. The highest priced stock in the DJI-30 and thus
the most heavily
weighted is UNH. See its uptrend and current red Buy signal below.
The third most heavily
weighted DJI stock, following CAT, is GS. This is a
key stock to watch
always, and now in particular, because of how well-connected
it is especially to the
FED. Its Closing Power trend is down.
The Openiing and
Closing Powers as well as the 5-day ma are falling for
DIA. Profits are
sometimes delayed in the taking until the new year. The
window-dressing buys in
DIA come to an end now. So, we expect weakness
in the DJI immediately
ahead. It will be bearish on an intermediate-term
basis if it breaks
below its 65-dma and the neckline in its drooping head and
shoulders pattern.
Again the DJI is unable to get back above its 21-day ma.
The older version of
Peerless would like to call Thursday's rally a two-day reversal
up. But the newer
current version does not. Instead, we consider the rally to be
typical of year-end
cross-currents.
It is the NASDAQ, tech
stocks, SOXL and QQQ which ought to have some
potential next week
when tax loss selling comes off. Down so much this year,
they must be tempting a
lot of traders as "long" plays. If they do rally, we will
see their Closing
Powers turn up convincingly. Watch the tech stocks below closely
for very good
"lonng" trades. Their decline today proves the Wall Street adage
that tax loss selling
often does not end until the very last hour of trading on the
last day of the
expiring old year.
Right now we are long
DIA and SOXL and short a number of bearish MINCPs.
I would close out the
bearish MINCP short sales today because of how often these
stocks try to bounce
back when tax loss selling ends,. |
|
| |
Charts - 12/29/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV Short-Term Rates
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD81229.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-29-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-29-22/BEARISH.htm
|
|
 |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth Statistics 12-29-22
DJIA 33220.80 345.09 1.05
S&P 500 3849.28 66.06 1.75
Nasdaq 10478.09 264.80 2.59
New highs 56 + 89 = 145
New lows 84 + 209 = 293
NYSE Advances 2,629 vs 718 (day before)
NYSE Declines 525 vs 2,455 (day before)
NYSE Latest Close Previous Close Week Ago
Issues traded 3,254 3,245 3,259
Advances 2,629 718 698
Declines 525 2,455 2,442
Unchanged 100 72 119
New highs 56 62 47
New lows 84 180 201
Adv. volume* 602,838,900 95,820,808 202,670,947
Decl. volume* 58,297,174 516,571,296 597,160,491
Total volume* 668,494,561 625,406,414 810,447,668
Closing Arms (TRIN)† 0.52 1.30 0.70
Block trades* 4,126 3,919 4,669
Adv. volume 2,685,791,927 550,877,318 1,135,528,956
Decl. volume 279,777,679 2,457,388,820 2,772,607,760
Total volume 3,003,688,938 3,083,527,250 3,956,957,366
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,780 4,794 4,815
Advances 3,742 1,546 1,505
Declines 867 3,042 3,075
Unchanged 171 206 235
New highs 89 99 96
New lows 209 502 483
Closing Arms (TRIN)† 0.52 0.92 0.87
Block trades 27,101 25,159 40,168
Adv. volume 3,689,443,700 1,340,021,635 1,821,790,297
Decl. volume 447,007,842 2,434,616,753 3,249,552,164
Total volume 4,154,103,083 3,842,976,514 5,125,076,610
|
Table 2 QUICKSILVER on ETFS - 12/29/2022 ---
Bullish = 1 SOXL
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 332.06 3.49 330.26 -23.2% ------- BLUE .085 ------------------
---------------------------------------------------------------------------------------------
COMPQX 10478.09 264.8 10476.12 -110.7% Bearish BLUE -.029 -.114 -.143
---------------------------------------------------------------------------------------------
SPY 383.44 6.78 380.72 -36.6% ------- BLUE .002 -.054 -.052
---------------------------------------------------------------------------------------------
QQQ 266.44 6.34 266.76 -131.6% Bearish BLUE -.032 -.106 -.138
---------------------------------------------------------------------------------------------
MDY 444.78 8.46 440.25 -7.9% ------- BLUE -.011 -.045 -.056
---------------------------------------------------------------------------------------------
IWM 174.85 4.32 173.6 -30.3% Bearish BLUE -.073 -.083 -.156
---------------------------------------------------------------------------------------------
FAS 74.32 3.07 70.99 82% Bearish BLUE .054 .073 .127
---------------------------------------------------------------------------------------------
RETL 6.9 .49 6.6 -66.9% Bearish BLUE .079 -.125 -.046
---------------------------------------------------------------------------------------------
SOXL 9.67 .81 9.78 -752.8% Bearish BLUE .041 .22 .261
---------------------------------------------------------------------------------------------
TECL 22.2 1.57 22.3 -429.9% ------- BLUE .064 -.091 -.027
---------------------------------------------------------------------------------------------
IBB 131.34 2.95 133.83 -90.9% Bullish BLUE .112 -.017 .095
---------------------------------------------------------------------------------------------
GLD 168.85 .94 166.76 1.5% ------- BLUE -.009 .011 .002
---------------------------------------------------------------------------------------------
DBO 14.88 -.07 14.64 43.7% ------- BLUE -.213 -.152 -.365
---------------------------------------------------------------------------------------------
OIH 301.88 7.69 291.03 34.9% ------- BLUE -.051 .12 .069
---------------------------------------------------------------------------------------------
CPER 23.16 0 22.73 19.6% Bullish BLUE -.251 .058 -.193
---------------------------------------------------------------------------------------------
TAN 73.08 1.25 75.86 -356.9% Bearish BLUE -.159 -.02 -.179
---------------------------------------------------------------------------------------------
UUP 27.9 -.17 27.99 -8.9% Bullish ---- .1 -.161 -.061
---------------------------------------------------------------------------------------------
CORN 26.96 -.07 26.27 122.6% Bullish BLUE .121 -.096 .025
---------------------------------------------------------------------------------------------
WEAT 7.81 -.11 7.7 38.5% ------- ---- -.093 -.186 -.279
---------------------------------------------------------------------------------------------
YINN 49.75 3.99 45.3 393.6% ------- BLUE -.076 .341 .265
|
Table 3 2RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/29/22
Bulllish = 29
Bearish = 17
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
HOMEBLDG .888 .777 .888 .888 .888 .888
INFRA .878 .787 .878 .848 .818 .909
UTILITY .868 .842 .789 .842 .842 .868
BEVERAGE .785 .785 .785 .785 .785 .785
GOLD .782 .804 .869 .847 .847 .869
ETFS .781 .763 .8 .763 .763 .8
DJI-13 .769 .769 .769 .846 .846 .846
INSURANC .76 .68 .76 .76 .76 .8
BONDFUND .735 .632 .586 .747 .758 .793
DOWJONES .733 .666 .7 .733 .766 .8
=====
CHEM .695 .608 .673 .63 .652 .673
EDU .666 .5 .5 .5 .5 .666
SP-100 .655 .6 .644 .666 .655 .7
SP500 .646 .559 .62 .638 .614 .666
=====
INDMATER .625 .555 .652 .652 .597 .666
MILITARY .615 .538 .615 .615 .538 .692
CHINA .6 .58 .66 .62 .62 .68
FIDSTKS .597 .532 .579 .597 .573 .633
FOOD .591 .571 .551 .571 .551 .53
RUS-1000 .588 .496 .57 .586 .559 .623
=====
HIGHPRIC .573 .435 .5 .556 .543 .646
HOSPITAL .571 .571 .571 .571 .571 .5
COMODITY .564 .564 .564 .564 .589 .564
SEMI .557 .326 .473 .515 .526 .652
NASD-100 .55 .45 .49 .52 .53 .64
=====
INDEXES .54 .437 .529 .54 .508 .616
ELECTRON .533 .36 .496 .518 .518 .639
SOFTWARE .517 .428 .446 .482 .428 .535
==================================================================================================
GREEN .5 .333 .444 .444 .444 .444
NIFTY .5 .34 .409 .454 .431 .522
REIT .5 .407 .553 .561 .484 .553
==================================================================================================
RETAIL .489 .425 .553 .531 .468 .531
FINANCE .487 .4 .5 .525 .487 .537
OILGAS .485 .409 .533 .514 .419 .495
COMPUTER .45 .3 .35 .4 .45 .5
BIGBANKS .428 .285 .428 .571 .571 .571
GUNS .428 .285 .357 .357 .357 .428
GAMING .421 .315 .368 .473 .421 .526
TRANSP .421 .368 .473 .526 .473 .578
BIOTECH .41 .336 .344 .385 .415 .421
REGBANKS .4 .32 .44 .4 .28 .4
AUTO .396 .32 .358 .358 .339 .415
HACKERS .375 .375 .437 .437 .437 .437
JETS .307 .307 .384 .384 .384 .538
LOWPRICE .271 .249 .257 .299 .274 .299
SOLAR .187 .125 .187 .25 .312 .312
COAL .166 .166 .833 .666 .666 .666
MARIJUAN .1 0 .1 .1 .1 .1
|
====================================================================================
====================================================================================
Thursday - 6:00 AM - Futures: DJI +73 NASDAQ +68 Data
Used: 12/28/22
| |
12-28-22DJIA 32875.71 -365.85 -1.10
S&P 500 3783.22 -46.03 -1.20
Nasdaq 10213.29 -139.94 - 1.4
new highs = 62 + 99 = 161
new lows = 180 + 502 = 682
|
|
| |
Short-Term
Rates shot up to a new high today. That spooked bonds, Bond Funds,
FAS.and Goldman Sachs, the second most heaily weighted
stock in DJI. Tax loss
selling contined to propel the NASDAQ,
QQQ and most of the biggest tech stocks
lower. TESLA was an exception, but it was
very oversold.
Both the Opening and Closing Powers are
falling bearish for DIA, SPY, the
NASDAQ and QQQ, as seen in their candle
sticks shown below. Weak as the
DJI and DIA looked today, they still show
rising 5-day moving averages and
are above the nested support of their
65-dma and their recent lows. Watch closely
at this point to see if the DJI can
rebound with conviction today. That would
help save it from completing a head and
shoulders pattern and encourage our
hopes that the seasonal Peerless buys can
still bring a rally to the upper band.
Where will the market go next week as the
new year starts? A lot will depend on
the big tech stocks and ETFs shown below
starting to hold up and having their
Closing Power turn up in preparation for
a 10%-15% rally as tax-loss selling lifts off.
Hold the bearish MINCPs short and stay
long DIA . SOXL remains on
a Stochastic RED Buy. Let's see if
it can't turn around soon.
|
|
| |
Charts - 12/28/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV Short-Term Rates
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30 Bond Funds
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD81228.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-28-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-28-22/BEARISH.htm |
|
 
|
Falling Opening and Closing Power
 |
Falling Opening and Closing Powers
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth Statistics
12-28-22DJIA 32875.71 -365.85 -1.10
S&P 500 3783.22 -46.03 -1.20
Nasdaq 10213.29 -139.94 - 1.4
new highs = 62 + 99 = 161
new lows = 180 + 502 = 682
NYSE Latest Close Previous Close Week Ago
Issues traded 3,245 3,261 3,251
Advances 718 1,409 2,409
Declines 2,455 1,770 728
Unchanged 72 82 114
New highs 62 65 52
New lows 180 137 73
Adv. volume* 95,820,808 328,563,550 705,349,316
Decl. volume* 516,571,296 274,788,552 95,875,147
Total volume* 625,406,414 609,347,797 808,085,822
Closing Arms (TRIN)† 1.30 0.76 0.50
Block trades* 3,919 3,857 4,454
Adv. volume 550,877,318 1,532,750,364 3,245,763,387
Decl. volume 2,457,388,820 1,469,147,826 491,138,026
Total volume 3,083,527,250 3,030,305,147 3,775,205,521
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,794 4,838 4,838
Advances 1,546 1,587 3,117
Declines 3,042 3,063 1,480
Unchanged 206 188 241
New highs 99 103 82
New lows 502 534 316
Closing Arms (TRIN)† 0.92 1.42 1.04
Block trades 25,159 25,192 30,500
Adv. volume 1,340,021,635 1,013,924,400 2,903,737,852
Decl. volume 2,434,616,753 2,784,039,541 1,435,651,701
Total volume 3,842,976,514 3,827,292,054 4,401,426,086
|
Table 2 QUICKSILVER on ETFS - 12/28/2022 ---
Bullish = 0
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 328.57 -3.8 333.6 2.9% Bearish RED .084 0 .084
---------------------------------------------------------------------------------------------
COMPQX 10213.29 -139.94 10709.37 -158.7% Bearish RED -.079 -.131 -.21
---------------------------------------------------------------------------------------------
SPY 376.66 -4.74 386.23 -50.7% Bearish RED -.024 -.061 -.085
---------------------------------------------------------------------------------------------
QQQ 260.1 -3.48 273.45 -176% Bearish RED -.07 -.122 -.192
---------------------------------------------------------------------------------------------
MDY 436.32 -7.5 445.48 -9.8% Bearish RED -.034 -.051 -.085
---------------------------------------------------------------------------------------------
IWM 170.53 -2.69 175.9 -68.7% Bearish RED -.127 -.097 -.224
---------------------------------------------------------------------------------------------
FAS 71.25 -.9 73.14 115.9% Bearish RED .055 .08 .135
---------------------------------------------------------------------------------------------
RETL 6.41 -.31 6.99 -111% Bearish RED .041 -.151 -.11
---------------------------------------------------------------------------------------------
SOXL 8.86 -.41 11.14 -769.3% Bearish RED .007 .121 .128
---------------------------------------------------------------------------------------------
TECL 20.63 -1.06 24.11 -513.7% Bearish RED .028 -.138 -.11
---------------------------------------------------------------------------------------------
IBB 128.39 -.88 133.73 -139.6% Bearish RED .07 -.04 .03
---------------------------------------------------------------------------------------------
GLD 167.91 -.76 168.8 -34.8% ------- RED -.021 .007 -.014
---------------------------------------------------------------------------------------------
DBO 14.95 -.16 14.75 162.2% ------- RED -.192 -.169 -.361
---------------------------------------------------------------------------------------------
OIH 294.19 -9.62 299.8 14.4% Bearish RED -.054 .106 .052
---------------------------------------------------------------------------------------------
CPER 23.16 .14 23.07 30.5% ------- ---- -.262 .044 -.218
---------------------------------------------------------------------------------------------
TAN 71.83 -1.25 78.42 -328.5% Bearish RED -.205 -.009 -.214
---------------------------------------------------------------------------------------------
UUP 28.07 .1 27.95 34% Bullish BLUE .126 -.157 -.031
---------------------------------------------------------------------------------------------
CORN 27.03 .41 26.31 195.7% Bullish BLUE .065 -.098 -.033
---------------------------------------------------------------------------------------------
WEAT 7.92 .1 7.75 233% ------- BLUE -.132 -.185 -.317
---------------------------------------------------------------------------------------------
YINN 45.76 -5.05 46.09 346.8% Bearish RED -.095 .198 .103
|
TABLE 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/28/22
Bullish = 21
Bearish = 27 Bearish is now a plurality.
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
UTILITY .842 .789 .842 .842 .868 .815
GOLD .804 .869 .847 .847 .869 .847
INFRA .787 .878 .848 .818 .909 .818
BEVERAGE .785 .785 .785 .785 .785 .714
HOMEBLDG .777 .888 .888 .888 .888 .888
DJI-13 .769 .769 .846 .846 .923 .846
ETFS .763 .8 .763 .763 .818 .745
INSURANC .68 .76 .76 .76 .8 .72
DOWJONES .666 .7 .733 .766 .833 .733
=====
BONDFUND .632 .586 .747 .758 .793 .793
CHEM .608 .673 .652 .63 .695 .586
SP-100 .6 .644 .666 .655 .711 .633
CHINA .58 .66 .62 .62 .68 .66
FOOD .571 .551 .551 .551 .53 .53
HOSPITAL .571 .571 .571 .571 .5 .5
COMODITY .564 .564 .538 .589 .564 .564
SP500 .559 .62 .638 .61 .672 .597
=====
INDMATER .555 .652 .652 .597 .666 .569
MILITARY .538 .615 .615 .538 .692 .615
FIDSTKS .532 .579 .597 .573 .639 .568
===============================================================================================
EDU .5 .5 .5 .5 .666 .5
===============================================================================================
RUS-1000 .496 .57 .586 .559 .624 .541
=====
NASD-100 .45 .49 .52 .53 .63 .54
======
INDEXES .437 .529 .54 .508 .616 .475
HIGHPRIC .435 .5 .556 .543 .646 .5
SOFTWARE .428 .464 .482 .428 .535 .5
RETAIL .425 .553 .531 .468 .531 .468
OILGAS .409 .533 .514 .419 .504 .409
REIT .407 .546 .569 .492 .546 .484
FINANCE .4 .5 .525 .475 .537 .437
HACKERS .375 .437 .437 .437 .437 .437
TRANSP .368 .473 .526 .473 .578 .526
ELECTRON .36 .496 .518 .518 .631 .556
NIFTY .34 .409 .454 .431 .522 .454
BIOTECH .336 .341 .388 .415 .421 .374
GREEN .333 .444 .444 .444 .444 .444
AUTO .32 .358 .358 .339 .415 .377
REGBANKS .32 .44 .4 .28 .4 .2
GAMING .315 .368 .421 .473 .526 .526
JETS .307 .384 .384 .384 .538 .461
SEMI .305 .473 .526 .536 .652 .568
COMPUTER .3 .35 .4 .45 .5 .35
BIGBANKS .285 .428 .571 .571 .571 .571
=========
GUNS .285 .357 .357 .357 .428 .214
LOWPRICE .249 .26 .302 .277 .296 .271
COAL .166 .833 .666 .666 .666 .5
SOLAR .125 .187 .25 .312 .312 .375
MARIJUAN 0 .1 .1 .1 .1 .1
|
====================================================================================
Wednesday -
6:00 AM - Futures: DJI +33 NASDAQ -5
Data Used: 12/27/22
| |
12-27-22 Last Chg %Chg
DJIA 33241.56 +37.63 0.11%
S&P 500 3829.25 -15.57 -0.40%
Nasdaq 10353.23 -144.64 -1.3% weak
New highs = 65 + 103 = 168
New lows = 137 + 534 = 671
|
|
| |
Will the wide
divergence between the NASDAQ and QQQ, on the
one hand, and the DJI-30, on
the other, ever come to an end?.
Fears of recession in high PE
"growth" techs is now being compounded
by heavy year-end tax-loss
seliling. The weakness we see in TSLA and
AMZN has even spread to AAPL.
We will be watching to see if they
can bounce back some when the
tax-loss selling ends next week. But
for now, know that this heavy
downward pressure usually lasts until the end
of the year. That is
the reason, we have been saying each night hold
some of the very weak
"bearish MINCPs" shown here.
The seasonal Santa Claus Buys
have applied especially to the high priced,
most heavily weighted DJI-30
stocks shown below, UNH, HD and CAT,
as well as MRK. The now
rising 10-year rates hurt not just bonds but also
GS, the second highest priced
DJI stock, which has not been able to
participate in the current
rally. The DJI-30 is being boosted now by
window-dressing Buys from
funds that want to look like they have been
in the right blue-chips for
some time. When the year 2022 ends, it may
transpire that this
artificial boost will come to an end and the DIA may sell off.
Unless volume and breadth
pick up, we may get a Peerless Sell on a rally
above the 2.3% upper band.
It will reflect the mediocre Santa Claus rally.
Despite these cross-currents,
next year may be bullish, Politicians usually
do their best to have a
rising economy in the Presidential Election year.
One way to achieve that is to
do things which strengthen the DJI in the
third year of the 4-year
Presidentail cycle. That is my explanation for
why the DJI in the third year
typically does three times (+15%) better
than it does in the other
years of the cycle.
So, we remain hedged with
shorts among techs from our bearish
MINCPs and long DIA.
Next week, there should be a good rally in SOXL,
which shows a reliable Red
TigerSoft Buy now. Watch it. Its turning
up will be a bullish sign for
the beaten down techs rallying too.
|
|
| |
Charts - 12/27/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD81227.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-27-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-27-22/BEARISH.htm |
|
Seasonal Peerless Buys should bring a rallly to upper 3% band.
 |
SPY shows an optimized red Buy but its big high tech
components have
caused it to under-[erform DJI by 5.5% over last 10 weeks.
 |
NASDAQ weak and testing 12-mo lows.
Falling Opening and Closing Power.
ITRS <-11%.
 |
QQQ - weak
and testing 12-mo lows. Falling Opening and Closing Power.
ITRS <-11%.
 |
 |
 |
 |
 |
 |
 |
 |
 |
12-27-22
Last Chg %Chg
DJIA 33241.56 +37.63 0.11%
S&P 500 3829.25 -15.57 -0.40%
Nasdaq 10353.23 -144.64 -1.3%
New highs = 65 + 103 = 168
New lows = 137 + 534 = 671
NYSE Latest Close Previous Close Week Ago
Issues traded 3,261 3,229 3,285
Advances 1,409 2,088 1,650
Declines 1,770 1,022 1,500
Unchanged 82 119 135
New highs 65 52 48
New lows 137 82 164
Adv. volume* 328,563,550 410,492,663 528,352,348
Decl. volume* 274,788,552 159,525,615 338,129,748
Total volume* 609,347,797 577,667,066 878,891,800
Closing Arms (TRIN)† 0.76 0.88 0.64
Block trades* 3,857 3,909 4,693
Adv. volume 1,532,750,364 1,942,534,345 2,483,673,443
Decl. volume 1,469,147,826 833,549,418 1,450,121,639
Total volume 3,030,305,147 2,819,286,009 3,985,376,798
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,838 4,764 4,860
Advances 1,587 2,365 2,378
Declines 3,063 2,165 2,218
Unchanged 188 234 264
New highs 103 71 86
New lows 534 274 467
Closing Arms (TRIN)† 1.42 0.83 1.21
Block trades 25,192 26,118 31,909
Adv. volume 1,013,924,400 1,993,512,978 2,166,482,888
Decl. volume 2,784,039,541 1,512,024,860 2,435,060,926
Total volume 3,827,292,054 3,544,680,373 4,707,191,752
|
Table 2 QUICKSILVER on ETFS - 12/27/2022 ---
Bullish = 0
Bearish = 3 DBO, Copper, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 332.37 .44 328.38 75.5% ------- ---- .091 ----- ------
---------------------------------------------------------------------------------------------
COMPQX 10353.23 -144.63 10547.11 -91.3% Bearish RED -.072 -.117 -.189
---------------------------------------------------------------------------------------------
SPY 381.4 -1.51 380.54 18.1% ------- RED -.014 -.053 -.067
---------------------------------------------------------------------------------------------
QQQ 263.58 -3.78 269.54 -114.5% Bearish RED -.056 -.109 -.165
---------------------------------------------------------------------------------------------
MDY 443.82 .21 437.19 101.1% ------- BLUE -.041 -.036 -.077
---------------------------------------------------------------------------------------------
IWM 173.22 -1.17 172.92 34.8% Bearish RED -.121 -.081 -.202
---------------------------------------------------------------------------------------------
FAS 72.15 .02 69.59 199.2% Bearish RED .055 .15 .205
---------------------------------------------------------------------------------------------
RETL 6.72 -.19 6.56 -95.8% Bearish RED .05 -.06 -.01
---------------------------------------------------------------------------------------------
SOXL 9.27 -.5 10.41 -685.5% Bearish RED .009 .218 .227
---------------------------------------------------------------------------------------------
TECL 21.69 -.65 22.96 -270.4% ------- RED .047 -.033 .014
---------------------------------------------------------------------------------------------
IBB 129.27 -2.76 132.08 -48.7% Bearish RED .035 -.039 -.004
---------------------------------------------------------------------------------------------
GLD 168.67 1.41 169.08 70.1% ------- BLUE -.067 -.017 -.084
---------------------------------------------------------------------------------------------
DBO 15.11 .11 14.47 232% ------- BLUE -.139 -.193 -.332
---------------------------------------------------------------------------------------------
OIH 303.81 1.78 293.33 350.8% ------- BLUE -.034 .146 .112
---------------------------------------------------------------------------------------------
CPER 23.02 -.04 23.02 63.3% ------- RED -.269 .001 -.268
---------------------------------------------------------------------------------------------
TAN 73.08 -1.78 76.81 -281.7% Bearish RED -.194 -.012 -.206
---------------------------------------------------------------------------------------------
UUP 27.97 -.01 27.88 -17.9% Bullish ---- .131 -.202 -.071
---------------------------------------------------------------------------------------------
CORN 26.62 .26 26 147.2% Bullish BLUE -.077 -.155 -.232
---------------------------------------------------------------------------------------------
WEAT 7.82 .03 7.56 162.9% ------- ---- -.187 -.226 -.413
---------------------------------------------------------------------------------------------
YINN 50.81 6.32 42.58 635.1% Bearish BLUE -.05 .432 .382
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/27/22
Bullish = 25
Bearish = 21
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
HOMEBLDG .888 .888 .888 .888 .888 .888
INFRA .878 .848 .818 .909 .818 .727
GOLD .869 .847 .847 .869 .847 .717
COAL .833 .666 .666 .666 .5 .5
ETFS .8 .763 .763 .818 .763 .709
UTILITY .789 .842 .842 .868 .815 .789
BEVERAGE .785 .785 .785 .785 .714 .785
DJI-13 .769 .846 .846 .923 .846 .769
INSURANC .76 .76 .76 .8 .72 .6
DOWJONES .7 .733 .766 .833 .733 .733
=======
CHEM .673 .652 .652 .673 .63 .543
CHINA .66 .62 .62 .68 .66 .66
INDMATER .652 .652 .597 .666 .583 .486
SP-100 .644 .666 .655 .711 .633 .655
SP500 .62 .638 .61 .668 .606 .602
======
MILITARY .615 .615 .538 .692 .615 .576
BONDFUND .586 .747 .758 .793 .804 .816
FIDSTKS .579 .597 .573 .639 .573 .538
HOSPITAL .571 .571 .571 .5 .5 .357
RUS-1000 .57 .586 .559 .624 .544 .531
COMODITY .564 .538 .564 .564 .564 .538
RETAIL .553 .531 .468 .531 .468 .468
FOOD .551 .551 .53 .53 .53 .51
REIT .546 .561 .5 .553 .476 .469
OILGAS .533 .514 .419 .504 .409 .371
INDEXES .529 .54 .508 .616 .486 .47
===============================================================================================
EDU .5 .5 .5 .666 .5 .5
FINANCE .5 .525 .475 .525 .437 .387
HIGHPRIC .5 .556 .543 .646 .504 .517
===============================================================================================
ELECTRON .496 .518 .518 .631 .548 .563
NASD-100 .49 .52 .53 .63 .56 .56
======
SEMI .473 .515 .526 .642 .568 .6
TRANSP .473 .526 .473 .578 .526 .526
SOFTWARE .464 .5 .428 .535 .5 .482
GREEN .444 .444 .444 .444 .444 .5
REGBANKS .44 .4 .28 .4 .2 .2
HACKERS .437 .437 .437 .437 .437 .437
BIGBANKS .428 .571 .571 .571 .571 .571
NIFTY .409 .454 .431 .522 .454 .477
JETS .384 .384 .384 .538 .461 .384
GAMING .368 .421 .421 .578 .526 .368
AUTO .358 .358 .339 .415 .377 .452
GUNS .357 .357 .357 .428 .214 .214
COMPUTER .35 .4 .45 .5 .4 .5
BIOTECH .341 .385 .418 .421 .38 .358
LOWPRICE .26 .305 .28 .299 .274 .277
SOLAR .187 .25 .312 .312 .375 .375
MARIJUAN .1 .1 .1 .1 .1 .1
|
=================================================================================
Tuesday -
5:30 AM - Futures: DJI +220 NASDAQ +60
Data Used: 12/23/22|
| |
12-23-22
Last Chg %Chg
DJIA 33203.93 176.44 0.53%
S&P 500 3844.82b 22.43 0.59%
Nasdaq 10497.86 21.74 0.21%
New highs 52 + 71 = 123
New lows 82 + 274 = 356
|
|
| |
Santa Claus Is Alive and Well on
Wall Street.
The Peerless Buy signals that we
now, particularly the B13 and B6, tell
us that the odds clearly favor a
Santa Claus rally. And in fact, since 1965,
the DJI has risen 85% of the time
over the two weeks following December
26th in the second year of the
four-year Presidential Cycle since 1966. The
average gain has been 2% over this
period.
Even if we are in a bear market
which will eventually drop the DJIA,
I am struck by how the DJI rose
at this time of year in the seriously
bearish years of 1929, 1930, 1931,
1937, 1941, 1987, 2008 and 2009,
among others.
The rally will most likely lift the
DJI 30 stocks that show a rising zig-zag of
Closing Power or uptrending Closing
Powers. See the DJI-30 stocks whose
candle-stick charts are sown below.
These are favored now ahead of the QQQ and
NASDAQ whose relative strength
indicators remain weak, presumably
because of tax-loss selling.
I would think that the DJI will
make it back to 34000 on this rally. But
the NASDAQ and QQQ may delay their
rallies until ttax-loss selling
ends after January 1st. Stay
short some of the weakest bearish MINCPs
for a little longer.
Hold long DIA and SOXL
|
|
|
Charts - 12/23/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD81223.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-23-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-23-22/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
|
 |
 |
 |
 |
Table 1 - Breadth Statistics 12-23-22
Last Chg %Chg
DJIA 33203.93 176.44 0.53%
S&P 500 3844.82b 22.43 0.59%
Nasdaq 10497.86 21.74 0.21%
New highs 52 + 71 = 123
New lows 82 + 274 = 356
NYSE Latest Close Previous Close Week Ago
Issues traded 3,229 3,259 3,235
Advances 2,088 698 961
Declines 1,022 2,442 2,140
Unchanged 119 119 134
New highs 52 47 31
New lows 82 201 178
Adv. volume* 410,492,663 202,670,947 685,773,639
Decl. volume* 159,525,615 597,160,491 2,502,892,296
Total volume* 577,667,066 810,447,668 3,232,478,068
Closing Arms (TRIN)† 0.88 0.70 1.47
Block trades* 3,909 4,669 6,810
Adv. volume 1,942,534,345 1,135,528,956 1,723,890,611
Decl. volume 833,549,418 2,772,607,760 5,642,903,423
Total volume 2,819,286,009 3,956,957,366 7,493,668,747
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,764 4,815 4,817
Advances 2,365 1,505 1,722
Declines 2,165 3,075 2,851
Unchanged 234 235 244
New highs 71 96 66
New lows 274 483 458
Closing Arms (TRIN)† 0.83 0.87 1.39
Block trades 26,118 40,168 39,566
Adv. volume 1,993,512,978 1,821,790,297 2,386,956,275
Decl. volume 1,512,024,860 3,249,552,164 5,484,675,702
Total volume 3,544,680,373 5,125,076,610 7,968,178,089
|
Table 2 QUICKSILVER on ETFS - 12/23/2022 ---
Bullish = 0
Bearish = 3 DBO, Corn, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 331.93 1.67 327.38 44.9% Bearish BLUE .101 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 10497.86 21.74 10546.03 -97.9% Bearish BLUE -.033 -.119 -.152
---------------------------------------------------------------------------------------------
SPY 382.91 2.19 380.02 -4.7% Bearish BLUE -.011 -.058 -.069
---------------------------------------------------------------------------------------------
QQQ 267.36 .6 269.75 -127.2% Bearish BLUE -.035 -.11 -.145
---------------------------------------------------------------------------------------------
MDY 443.61 3.36 434.92 40.7% Bearish BLUE -.035 -.048 -.083
---------------------------------------------------------------------------------------------
IWM 174.39 .79 172.01 .6% Bearish BLUE -.109 -.087 -.196
---------------------------------------------------------------------------------------------
FAS 72.13 1.14 69.32 169.4% Bearish BLUE .071 .102 .173
---------------------------------------------------------------------------------------------
RETL 6.91 .31 6.85 -248.2% Bearish BLUE .057 -.116 -.059
---------------------------------------------------------------------------------------------
SOXL 9.77 -.01 10.69 -630.5% Bearish BLUE .006 .117 .123
---------------------------------------------------------------------------------------------
TECL 22.34 .04 22.93 -335.6% Bearish BLUE .052 -.078 -.026
---------------------------------------------------------------------------------------------
IBB 132.03 -1.8 130.56 -36.6% ------- RED .069 -.017 .052
---------------------------------------------------------------------------------------------
GLD 167.26 .5 166.32 14% Bearish BLUE -.04 -.025 -.065
---------------------------------------------------------------------------------------------
DBO 15 .36 14.43 227.2% Bearish BLUE -.164 -.216 -.38
---------------------------------------------------------------------------------------------
OIH 302.03 11 283.19 277% Bearish BLUE -.053 .096 .043
---------------------------------------------------------------------------------------------
CPER 23.06 .33 22.73 61.2% ------- BLUE -.145 0 -.145
---------------------------------------------------------------------------------------------
TAN 74.86 -1 77.4 -230.7% Bearish RED -.153 .004 -.149
---------------------------------------------------------------------------------------------
UUP 27.98 -.01 28.07 -58.8% Bullish ---- .118 -.179 -.061
---------------------------------------------------------------------------------------------
CORN 26.36 .09 25.85 57.5% Bullish ---- -.12 -.158 -.278
---------------------------------------------------------------------------------------------
WEAT 7.79 .09 7.57 91.6% ------- BLUE -.222 -.238 -.46
---------------------------------------------------------------------------------------------
YINN 44.49 -.81 45.13 -151.1% Bearish RED -.119 .197 .078
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/23/22
Bullish = 34
Bearish = 13
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
HOMEBLDG .888 .888 .888 .888 .888 .888
INFRA .848 .818 .909 .818 .696 .818
GOLD .847 .847 .869 .847 .717 .76
DJI-13 .846 .846 .923 .846 .769 .769
UTILITY .842 .842 .868 .815 .789 .815
BEVERAGE .785 .785 .785 .714 .785 .785
ETFS .763 .763 .818 .763 .727 .763
INSURANC .76 .76 .8 .72 .6 .72
BONDFUND .747 .758 .793 .804 .827 .839
DOWJONES .733 .766 .833 .733 .733 .733
======
COAL .666 .666 .666 .5 .5 .5
SP-100 .666 .655 .711 .633 .655 .644
CHEM .652 .652 .695 .608 .586 .586
INDMATER .652 .597 .666 .583 .5 .555
SP500 .638 .61 .668 .602 .608 .64
========
CHINA .62 .62 .68 .66 .66 .7
MILITARY .615 .538 .692 .615 .576 .615
FIDSTKS .597 .573 .639 .573 .538 .603
RUS-1000 .586 .559 .624 .544 .532 .587
BIGBANKS .571 .571 .571 .571 .571 .571
HOSPITAL .571 .571 .5 .5 .357 .5
REIT .561 .492 .561 .484 .461 .569
HIGHPRIC .556 .543 .646 .504 .517 .616
FOOD .551 .53 .51 .53 .51 .53
INDEXES .54 .508 .616 .486 .47 .562
COMODITY .538 .564 .538 .564 .538 .589
RETAIL .531 .468 .531 .468 .468 .489
TRANSP .526 .473 .578 .526 .526 .578
FINANCE .525 .475 .525 .425 .387 .425
NASD-100 .52 .53 .63 .56 .56 .57
======
ELECTRON .518 .518 .631 .548 .556 .639
SEMI .515 .526 .642 .568 .589 .663
OILGAS .514 .419 .504 .409 .371 .38
============================================================================================
EDU .5 .5 .666 .5 .5 .666
SOFTWARE .5 .446 .535 .5 .464 .464
============================================================================================
NIFTY .454 .431 .522 .454 .477 .5
GREEN .444 .444 .444 .444 .5 .5
HACKERS .437 .437 .437 .437 .437 .437
GAMING .421 .421 .526 .578 .368 .578
COMPUTER .4 .45 .5 .4 .5 .5
REGBANKS .4 .28 .4 .2 .2 .24
BIOTECH .385 .415 .424 .38 .355 .391
JETS .384 .384 .538 .461 .384 .538
AUTO .358 .339 .415 .377 .452 .49
GUNS .357 .357 .428 .214 .214 .285
LOWPRICE .305 .282 .302 .274 .271 .305
SOLAR .25 .312 .312 .375 .375 .625
MARIJUAN .1 .1 .1 .1 .1 .3
|
=================================================================================
Friday - 4:45 AM - Futures: DJI +78
NASDAQ +30 Data Used: 12/22/22
| |
12/22/2022
DJIA 33027.49
-348.99 -1.05%
S&P 500 3822.39 -56.05
-1.45%
Nasdaq 10476.12 -233.25
-2.18%
New highs = 47 + 96 = 143
New lows = 201 + 483 = 684 |
|
| |
The breadth statistics on
Thursday were almost the exact opposite of Wednesday's.
But the DJI reversed course
in mid-session and regained nearly 500 points from
its lows. This
reinforces the notion that the DJIA is the leader while the other
averages suffer from very
heavy tax loss selling in the their heaviest weighted
components. The
declines in TSLA, AMZN and even AAPL may intensify,
though volume on the sell-off
was low.
A very low volume bounce the
day before and after Christmas should be expected.
After that, the DJI may be
able to get back to 34000 and reach a top in early January,
if seasonality winds out.
But first, we need to see the steep downtrends of the
Closing Powers be broken
before we should expect much of a rally in SPY,
QQQ or the NASDAQ. The
weakest stocks among the bearish MINCPs have
included TSLA and AMZN.
As oversold as they are, they may well be under
tax-loss selling until the
end of the year. So, I would not cover our bearish
MINCP short sales. SOXL
was weak today, but it is still above is 65-dma and
shows a red optimzed
Stochastic Buy. Hold it long provided you are short some
of the bearish MINCPs.
The high reliability of the
seasonally based Buy B6 and B13 should get us to hold
DIA, too, even though its
Closing Power moving average is falling.
----
Have a safe, happy and
healthy holidays filled with joyful story-telling and
merry-making. My
warmest regards go out to all of you and your families..
|
|
| |
Charts - 12/22/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD81222.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-22-22/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-22-22/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth Statistics 12/22/2022
DJIA 33027.49 -348.99 -1.05%
S&P 500 3822.39 -56.05 -1.45%
Nasdaq 10476.12 -233.25 -2.18%
New highs = 47 + 96 = 143
New lows = 201 + 483 = 684
NYSE
Issues traded 3,259 3,251 3,251
Advances 698 2,409 601
Declines 2,442 728 2,537
Unchanged 119 114 113
New highs 47 52 38
New lows 201 73 126
Adv. volume* 202,670,947 705,349,316 128,110,458
Decl. volume* 597,160,491 95,875,147 894,275,773
Total volume* 810,447,668 808,085,822 1,027,101,337
Closing Arms (TRIN)† 0.70 0.50 1.46
Block trades* 4,669 4,454 4,737
Adv. volume 1,135,528,956 3,245,763,387 620,626,713
Decl. volume 2,772,607,760 491,138,026 3,827,096,219
Total volume 3,956,957,366 3,775,205,521 4,493,905,168
NASDAQ
Issues traded 4,815 4,838 4,888
Advances 1,505 3,117 1,223
Declines 3,075 1,480 3,419
Unchanged 235 241 246
New highs 96 82 84
New lows 483 316 376
Closing Arms (TRIN)† 0.87 1.04 0.70
Block trades 40,168 30,500 41,798
Adv. volume 1,821,790,297 2,903,737,852 1,866,445,174
Decl. volume 3,249,552,164 1,435,651,701 3,636,585,843
Total volume 5,125,076,610 4,401,426,086 5,536,073,488
|
Table 2 QUICKSILVER on ETFS - 12/22/2022 ---
Bullish = 0
Bearish = 2 DBO, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 330.26 -3.34 328.97 -38.5% Bearish RED .081 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 10476.12 -233.25 10705.41 -156.8% Bearish RED -.049 -.125 -.174
---------------------------------------------------------------------------------------------
SPY 380.72 -5.51 383.27 -116% Bearish RED -.014 -.063 -.077
---------------------------------------------------------------------------------------------
QQQ 266.76 -6.69 274.25 -185.7% Bearish RED -.032 -.115 -.147
---------------------------------------------------------------------------------------------
MDY 440.25 -5.23 440.03 -67.4% Bearish RED -.063 -.059 -.122
---------------------------------------------------------------------------------------------
IWM 173.6 -2.3 174.37 -59.7% Bearish RED -.112 -.093 -.205
---------------------------------------------------------------------------------------------
FAS 70.99 -2.15 69.74 -43.2% Bearish RED .046 .201 .247
---------------------------------------------------------------------------------------------
RETL 6.6 -.39 7.25 -681.6% Bearish ---- .027 -.15 -.123
---------------------------------------------------------------------------------------------
SOXL 9.78 -1.36 11.11 -739.7% Bearish RED -.03 .202 .172
---------------------------------------------------------------------------------------------
TECL 22.3 -1.81 23.9 -551.3% Bearish RED .047 -.013 .034
---------------------------------------------------------------------------------------------
IBB 133.83 .1 133 -15.4% ------- BLUE .064 -.006 .058
---------------------------------------------------------------------------------------------
GLD 166.76 -2.04 166.79 42.1% Bearish RED -.008 -.061 -.069
---------------------------------------------------------------------------------------------
DBO 14.64 -.11 14.34 27.6% Bearish RED -.186 -.244 -.43
---------------------------------------------------------------------------------------------
OIH 291.03 -8.77 285.93 7.1% Bearish RED -.073 .089 .016
---------------------------------------------------------------------------------------------
CPER 22.73 -.34 22.78 -13.1% Bearish RED -.137 -.029 -.166
---------------------------------------------------------------------------------------------
TAN 75.86 -2.56 78.43 -279.8% Bearish RED -.128 .004 -.124
---------------------------------------------------------------------------------------------
UUP 27.99 .04 28.31 -48.1% Bullish ---- .073 -.211 -.138
---------------------------------------------------------------------------------------------
CORN 26.27 -.04 26.06 46.1% Bullish ---- -.059 -.182 -.241
---------------------------------------------------------------------------------------------
WEAT 7.7 -.05 7.65 39.3% Bearish ---- -.208 -.269 -.477
---------------------------------------------------------------------------------------------
YINN 45.3 -.79 45.85 -31.1% Bearish RED -.093 .16 .067
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/22/22
Bullish = 29
Bearish = 19
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
HOMEBLDG .888 .888 .888 .888 .888 .888
GOLD .847 .869 .847 .717 .76 .739
DJI-13 .846 .923 .846 .769 .769 .923
UTILITY .842 .868 .815 .789 .815 .815
INFRA .818 .909 .818 .696 .818 .848
BEVERAGE .785 .785 .714 .785 .785 .857
DOWJONES .766 .833 .733 .733 .733 .833
=====
ETFS .763 .818 .763 .727 .781 .763
INSURANC .76 .8 .72 .6 .72 .72
BONDFUND .758 .793 .804 .827 .85 .862
COAL .666 .666 .5 .5 .5 .666
SP-100 .655 .711 .633 .655 .644 .766
CHEM .652 .695 .63 .565 .608 .63
CHINA .62 .68 .66 .66 .7 .68
SP500 .61 .668 .602 .604 .638 .696
=====
INDMATER .597 .666 .583 .5 .555 .611
FIDSTKS .573 .639 .573 .538 .603 .656
BIGBANKS .571 .571 .571 .571 .571 .571
HOSPITAL .571 .5 .5 .357 .5 .428
COMODITY .564 .538 .538 .538 .589 .589
RUS-1000 .559 .624 .544 .532 .585 .632
=====
HIGHPRIC .543 .646 .504 .517 .607 .676
MILITARY .538 .692 .615 .576 .615 .692
FOOD .53 .51 .51 .51 .53 .51
NASD-100 .53 .63 .56 .56 .57 .6
SEMI .526 .642 .568 .589 .652 .694
ELECTRON .518 .631 .548 .556 .631 .676
INDEXES .508 .616 .486 .47 .551 .659
===============================================================================================
EDU .5 .666 .5 .5 .666 .666
===============================================================================================
REIT .492 .553 .492 .469 .538 .669
FINANCE .475 .525 .425 .375 .425 .487
TRANSP .473 .578 .526 .526 .578 .578
RETAIL .468 .531 .468 .468 .489 .553
COMPUTER .45 .5 .4 .5 .5 .55
SOFTWARE .446 .553 .5 .464 .464 .535
GREEN .444 .444 .444 .5 .5 .666
HACKERS .437 .437 .437 .437 .437 .5
NIFTY .431 .522 .454 .477 .5 .522
GAMING .421 .526 .526 .421 .578 .578
OILGAS .419 .504 .409 .371 .38 .457
BIOTECH .415 .421 .382 .355 .385 .402
JETS .384 .538 .461 .384 .538 .538
GUNS .357 .428 .214 .214 .285 .357
AUTO .339 .415 .377 .452 .49 .566
SOLAR .312 .312 .375 .375 .625 .75
LOWPRICE .282 .305 .277 .271 .305 .313
REGBANKS .28 .4 .2 .2 .24 .24
MARIJUAN .1 .1 .1 .1 .3 .3
|
====================================================================================
Thursday -
5:50 AM - Futures: DJI -127
NASDAQ -82 Data Used: 12/2122
| |
12/21/2022
DJIA 33376.48 +526.74 +1.60%
S&P 500 3878.44 +56.82 +1.49%
Nasdaq 10709.37 +162.26 +1.54%
New highs = 52 + 82 = 134
New lows = 73 + 316 = 389 |
|
| |
The DJI bounced up
from its lower 3% band in keeping with the seasonal
bullish of the start of a Santa
Claus rally. In second years of the Presidential
4-year cycle since 1966, the DJI
rallies 71% of the time over the next five
trading days and 79% over the next
month. When it fails to rally with good
breadth by the end of the year, we
typically get a Sell S4 at that time. It is
very unusual not to get a rally
from this point until the end of the year. But
this can happen with ominous
results. In 2007, the Santa Claus rally peaked
on the 24th and a 10% DJI sell-off
ensued. Fortunately, this is the lone case
of the DJI topping out before the
25th of December in the last 20 years.
Ever since Quantiative Easing began
and the FED assumed such a dominant
role, NY Professionals have
dominated the market and our Closing Power
with its trend-changes have served
us well. But right now bulls may need to
see much higher openings showing
both overseas buying and pre-opening
manipulation. This is because
volume is typically low at this time of the year
and because Professionals tend not
to be very active at this time. The bond
market will not even be open Friday
this week.
Presently, our Closing Power trends
are down for DIA, SPY, QQQ and
the NASDAQ. As a result, I
would simply hold DIA and SOXL (which
| does have a rising Closing Power and a
Stochastic Red Buy signal.) Because
of the heavy tax loss selling, stay
hedged with some shorts in the weakest
MINCPs.
The market is open on Friday on the
NYSE and NASDAQ. There will be
a Hotline posted here early Friday
AM. |
|
| |
Charts - 12/21/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/OLDPEER/UPD81221.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-21/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-21/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth Statistics
12/21/2022
DJIA 33376.48 526.74 +1.60%
S&P 500 3878.44 56.82 +1.49%
Nasdaq 10709.37 162.26 +1.54%
New highs = 52 + 82 = 134
New lows = 73 + 316 = 389
NYSE Latest Close Previous Close Week Ago
Issues traded 3,251 3,285 3,232
Advances 2,409 1,650 1,305
Declines 728 1,500 1,791
Unchanged 114 135 136
New highs 52 48 46
New lows 73 164 92
Adv. volume* 705,349,316 528,352,348 355,745,190
Decl. volume* 95,875,147 338,129,748 652,701,600
Total volume* 808,085,822 878,891,800 1,048,650,485
Closing Arms (TRIN)† 0.50 0.64 1.23
Block trades* 4,454 4,693 5,082
Adv. volume 3,245,763,387 2,483,673,443 1,591,863,489
Decl. volume 491,138,026 1,450,121,639 2,688,945,274
Total volume 3,775,205,521 3,985,376,798 4,472,347,259
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,838 4,860 4,848
Advances 3,117 2,378 1,897
Declines 1,480 2,218 2,695
Unchanged 241 264 256
New highs 82 86 99
New lows 316 467 246
Closing Arms (TRIN)† 1.04 1.21 0.86
Block trades 30,500 31,909 38,770
Adv. volume 2,903,737,852 2,166,482,888 2,444,828,872
Decl. volume 1,435,651,701 2,435,060,926 2,988,509,212
Total volume 4,401,426,086 4,707,191,752 5,485,155,9
|
Table 2 QUICKSILVER on ETFS - 12/20/2022 ---
Bullish = 2 FAS, SOXL,
Bearish = 3 DBO, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 333.6 5.22 332.8 -99.8% Bearish BLUE .097 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 10709.37 162.26 10810.53 -214.5% Bearish BLUE -.014 -.114 -.128
---------------------------------------------------------------------------------------------
SPY 386.23 5.69 389.63 -170.3% Bearish BLUE .017 -.062 -.045
---------------------------------------------------------------------------------------------
QQQ 273.45 3.91 276.89 -237.1% Bearish BLUE 0 -.101 -.101
---------------------------------------------------------------------------------------------
MDY 445.48 8.29 446.19 -125.1% Bearish BLUE -.048 -.063 -.111
---------------------------------------------------------------------------------------------
IWM 175.9 2.98 175.68 -122.5% Bearish BLUE -.109 -.093 -.202
---------------------------------------------------------------------------------------------
FAS 73.14 3.55 71.6 -202.8% Bearish BLUE .044 .22 .264
---------------------------------------------------------------------------------------------
RETL 6.99 .43 7.56 -877% Bearish BLUE .022 -.113 -.091
---------------------------------------------------------------------------------------------
SOXL 11.14 .73 11.4 -821.4% ------- BLUE .014 .33 .344
---------------------------------------------------------------------------------------------
TECL 24.11 1.15 24.92 -802.4% ------- BLUE .065 .056 .121
---------------------------------------------------------------------------------------------
IBB 133.73 1.65 134.24 -112.5% ------- BLUE .067 -.01 .057
---------------------------------------------------------------------------------------------
GLD 168.8 -.28 165.35 20.9% ------- RED -.005 -.053 -.058
---------------------------------------------------------------------------------------------
DBO 14.75 .28 14.56 -31% Bearish BLUE -.191 -.259 -.45
---------------------------------------------------------------------------------------------
OIH 299.8 6.47 290.62 122.8% Bearish ---- -.031 .112 .081
---------------------------------------------------------------------------------------------
CPER 23.07 .05 22.79 -50.2% Bearish BLUE -.128 -.02 -.148
---------------------------------------------------------------------------------------------
TAN 78.42 1.61 80.24 -272.4% Bearish BLUE -.096 -.007 -.103
---------------------------------------------------------------------------------------------
UUP 27.95 .07 28.26 -8.9% Bullish ---- .062 -.223 -.161
---------------------------------------------------------------------------------------------
CORN 26.31 .31 26.03 65.4% Bullish BLUE -.086 -.189 -.275
---------------------------------------------------------------------------------------------
WEAT 7.75 .19 7.64 105.2% Bearish BLUE -.228 -.287 -.515
---------------------------------------------------------------------------------------------
YINN 46.09 3.51 45.58 -325.4% Bearish BLUE -.064 .148 .084
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/21/22
Bullish = 38
Bearish = 9
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
DJI-13 .923 .846 .769 .769 .923 .923
INFRA .909 .818 .696 .818 .848 .878
HOMEBLDG .888 .888 .888 .888 .888 .888
GOLD .869 .847 .717 .76 .739 .826
UTILITY .868 .815 .789 .815 .815 .815
DOWJONES .833 .733 .733 .733 .833 .866
======
ETFS .818 .763 .727 .781 .781 .818
INSURANC .8 .72 .6 .72 .72 .76
BONDFUND .793 .804 .827 .85 .85 .873
BEVERAGE .785 .714 .785 .785 .857 .857
SP-100 .711 .633 .655 .644 .755 .822
CHEM .695 .63 .586 .586 .652 .739
MILITARY .692 .615 .576 .615 .692 .73
CHINA .68 .66 .66 .7 .68 .68
SP500 .668 .602 .604 .634 .696 .775
======
COAL .666 .5 .5 .5 .666 .5
EDU .666 .5 .5 .666 .666 .666
INDMATER .666 .583 .5 .555 .597 .708
HIGHPRIC .646 .504 .517 .607 .672 .801
SEMI .642 .568 .589 .652 .684 .8
======
FIDSTKS .639 .573 .538 .603 .656 .751
ELECTRON .631 .548 .556 .631 .661 .744
NASD-100 .63 .56 .56 .57 .6 .71
RUS-1000 .624 .544 .532 .585 .628 .726
======
INDEXES .616 .486 .47 .551 .648 .772
TRANSP .578 .526 .526 .578 .578 .684
BIGBANKS .571 .571 .571 .571 .571 .714
REIT .553 .484 .476 .546 .661 .715
SOFTWARE .553 .517 .464 .464 .517 .625
COMODITY .538 .538 .512 .589 .589 .615
JETS .538 .461 .384 .538 .538 .692
RETAIL .531 .468 .468 .489 .553 .659
GAMING .526 .526 .368 .631 .578 .578
FINANCE .525 .425 .375 .412 .487 .55
NIFTY .522 .454 .477 .5 .522 .704
FOOD .51 .51 .489 .53 .51 .551
OILGAS .504 .409 .371 .38 .457 .466
=================================================================================================
COMPUTER .5 .4 .5 .5 .55 .65
HOSPITAL .5 .5 .357 .5 .428 .5
=================================================================================================
GREEN .444 .444 .5 .5 .666 .722
HACKERS .437 .437 .437 .437 .5 .5
GUNS .428 .214 .214 .285 .357 .642
BIOTECH .421 .38 .358 .385 .396 .446
AUTO .415 .377 .452 .49 .547 .622
REGBANKS .4 .2 .2 .24 .24 .36
SOLAR .312 .375 .375 .625 .75 .75
LOWPRICE .305 .28 .274 .305 .305 .308
MARIJUAN .1 .1 .1 .3 .3 .4
|
====================================================================================
Wednesday -
5:34 AM - Futures: DJI
+327 NASDAQ +69 Data
Used: 12/20/22
| |
11/20/2022
DJIA 32849.74
92.20 +0.28%
S&P 500 3821.62
3.96
+0.10%
Nasdaq 10547.11
1.08
+0.01%
New Highs 48 87 = 135
New Lows 164 468 = 534 |
|
| |
Peerless generated
a Buy B6 on Tuesday. This occurs in second years
of the Presidential cycle in
Decembers on tests of the lower 3% band.
There have been 11 previous Buy
B6s. They average gains of 10% when
next reversed. Five had no
paper losses, The biggest paper loss was
2% and that was on a Buy B6 that
took place in a deep bear market and
much earlier in December.
I hope you did some buying because
of Tuesday's close in the DJI being
higher than its opening. Even
though it was not by much, the improvement
in Closing Power rather than
another decline did show us that heavy
Professional selling is coming to
an end now that we are in the normally bullish
period of December.
We had hoped that the DJI's
Closiing Power would turn up more
markedly than today, but perhaps a
rally in here will be based mostly
on higher openings as the DJI
fights to get back to 33400 where it
recently broke down from.
Breadth was positive today, but tax loss
selling will hold back stocks and
ETFs that do not quickly get back
above their 65-dma as the Christmas
rally unfolds.
Tax loss selling will be a problem
now and until 2023 for those stocks
and ETFs far below their 65-dma.
You can see the tax loss selling at work
as former leaders TSLA, AMZN and
AAPL fell more today (Tuesday).
Such selling is apt to be
relentless now due to how sellers finally choose end
their procrastination in taking
losses and while funds do window-dressing
so as not to disclose their failure
to act sooner in taking big losses.
FAS and GS failed to show a
reversal on Tuesday. That may come to an
end today. Their
failure to rally Tuesday along with the declines in DJI
leaders UNH and HD are
problematic. I would still buy DIA because
of the Buy B6, but it's now hard to
find leaders ready to rise if the Buy B6
works out. We will watch the
NASDAQ and QQQ to see if they break
their current support levels.
Here much will depend if a few select biotechs
can generate any speculative
confidence and whether the oversold semi-
conductor ETF, SOXL (which has a
red Stochastic-5 buy) can show
some bounce.
Hold short the bearish MINCPs.
The number of new lows far outpaces
the new highs. Buy DIA and
SOXL.
--------------------- Past Buy B6s since 1930 -------------------
Date Signal
DJIA Gain
Paper Loss
----------------------------------------------------------------------
19301226 B6 161.2
.059
160.2
-.0062 12/29
19341220 B6 99.6
.044
none
0
19501204 B6 222.3
.166
none
0
19661228 B6 788.58
.125 785.69
-.0036 12/30
19781218 B6 787.51
.112 none
0
19861231 B6 1895.91
.269 none
0
19981210 B6 8841.58
.241
8695.6 -.0165 12/14
20021209 B6 8473.41
.035 8303.78
-.02 12/27
20021224 B6 8432.61
.039 8303.78
-.013 12/27
20141212 B6 17280.83 .060
17068.9
-.007
20181226 B6 22878.45 .052
none
0
--------------------------------------------------------------------------------
N= 11
Avg. .100
|
|
| |
Charts - 12/20/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/NEWPEER/UPD81220.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-20/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-20/BEARISH.htm |
|
New Peerless
Buy B6 is a reliable signal.
 |
Closing Power barely turned up on Tuesday. Resistance
at 334-335 is target
for Santa Claus rally.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth Statistics 11/20/2022
DJIA 32849.74 92.20 +0.28%
S&P 500 3821.62c 3.96 +0.10%
Nasdaq 10547.11 1.08 +0.01%
New Highs 48 87 = 135
New Lows 164 468 = 534
NYSE Latest
Issues traded 3,285 3,256 3,288
Advances 1,650 932 2,227
Declines 1,500 2,222 936
Unchanged 135 102 125
New highs 48 41 91
New lows 164 166 56
Adv. volume* 528,352,348 252,970,358 740,686,688
Decl. volume* 338,129,748 675,419,805 415,751,697
Total volume* 878,891,800 938,598,105 1,177,322,775
Closing Arms (TRIN)† 0.64 1.13 1.55
Block trades* 4,693 4,747 5,171
Adv. volume 2,483,673,443 1,062,250,261 3,010,933,099
Decl. volume 1,450,121,639 2,858,174,978 1,967,367,902
Total volume 3,985,376,798 3,969,615,175 5,079,364,895
NASDAQ Latest Close
Issues traded 4,860 4,863 4,911
Advances 2,378 1,278 2,781
Declines 2,218 3,349 1,874
Unchanged 264 236 256
New highs 87 79 123
New lows 468 535 247
Closing Arms (TRIN)† 1.21 1.39 0.74
Block trades 31,909 28,832 39,590
Adv. volume 2,166,482,888 989,036,868 4,025,080,301
Decl. volume 2,435,060,926 3,604,808,918 1,995,617,169
Total volume 4,707,191,752 4,631,829,294 6,126,895,639
|
Table 2 QUICKSILVER on ETFS - 12/20/2022 ---
Bullish = 0
Bearish = 3 DBO, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 328.38 1 340.22 -200.9% Bearish BLUE .069 === ======
---------------------------------------------------------------------------------------------
COMPQX 10547.11 1.08 11170.89 -325.6% Bearish BLUE -.064 -.124 -.188
---------------------------------------------------------------------------------------------
SPY 380.54 .52 399.4 -274.1% Bearish BLUE 0 -.068 -.068
---------------------------------------------------------------------------------------------
QQQ 269.54 -.21 286.51 -342.2% Bearish BLUE -.041 -.113 -.154
---------------------------------------------------------------------------------------------
MDY 437.19 2.27 456.56 -240.5% Bearish BLUE -.073 -.065 -.138
---------------------------------------------------------------------------------------------
IWM 172.92 .91 180.19 -239.4% Bearish BLUE -.102 -.093 -.195
---------------------------------------------------------------------------------------------
FAS 69.59 .27 76.03 -651.3% Bearish BLUE .038 .119 .157
---------------------------------------------------------------------------------------------
RETL 6.56 -.29 8.27 -1125.4% Bearish RED .009 -.128 -.119
---------------------------------------------------------------------------------------------
SOXL 10.41 -.28 13 -1345.5% Bearish BLUE -.025 .133 .108
---------------------------------------------------------------------------------------------
TECL 22.96 .03 28.05 -1126% Bearish BLUE .021 -.038 -.017
---------------------------------------------------------------------------------------------
IBB 132.08 1.52 136.73 -146.2% ------- BLUE .037 -.005 .032
---------------------------------------------------------------------------------------------
GLD 169.08 2.76 168.1 17.1% Bearish BLUE .024 -.037 -.013
---------------------------------------------------------------------------------------------
DBO 14.47 .04 14.84 -61.8% Bearish BLUE -.089 -.282 -.371
---------------------------------------------------------------------------------------------
OIH 293.33 10.14 292.7 -18.7% Bearish BLUE .049 .091 .14
---------------------------------------------------------------------------------------------
CPER 23.02 .29 23.3 -47.9% Bearish BLUE -.136 -.015 -.151
---------------------------------------------------------------------------------------------
TAN 76.81 -.59 82.73 -271.3% Bearish BLUE -.109 -.029 -.138
---------------------------------------------------------------------------------------------
UUP 27.88 -.19 28 -44.4% Bullish ---- .054 -.209 -.155
---------------------------------------------------------------------------------------------
CORN 26 .15 25.97 9.6% Bullish BLUE -.157 -.188 -.345
---------------------------------------------------------------------------------------------
WEAT 7.56 -.01 7.59 -26.3% Bearish ---- -.243 -.317 -.56
---------------------------------------------------------------------------------------------
YINN 42.58 -2.55 49.06 -588.4% Bearish BLUE -.098 -.032 -.13
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/20/22
Bulliah = 29
Bearish = 17
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
HOMEBLDG .888 .888 .888 .888 .888 .888
GOLD .847 .717 .76 .739 .826 .869
DJI-13 .846 .769 .769 .923 .923 .923
INFRA .818 .696 .818 .848 .878 .878
UTILITY .815 .789 .815 .815 .815 .815
BONDFUND .804 .827 .85 .85 .885 .885
ETFS .763 .727 .781 .781 .836 .836
DOWJONES .733 .733 .733 .833 .866 .866
-----
INSURANC .72 .6 .72 .72 .76 .8
BEVERAGE .714 .785 .785 .857 .857 1
CHINA .66 .66 .7 .68 .68 .68
SP-100 .633 .655 .644 .755 .822 .822
CHEM .63 .586 .608 .63 .739 .717
MILITARY .615 .576 .615 .692 .73 .73
SP500 .602 .604 .634 .692 .783 .791
-----
INDMATER .583 .5 .555 .597 .708 .694
FIDSTKS .573 .538 .603 .656 .757 .763
BIGBANKS .571 .571 .571 .571 .714 .714
SEMI .568 .589 .652 .684 .768 .789
NASD-100 .56 .56 .57 .6 .71 .76
-----
ELECTRON .548 .556 .631 .661 .729 .744
RUS-1000 .544 .532 .585 .628 .725 .742
-----
COMODITY .538 .512 .564 .589 .615 .615
GAMING .526 .368 .578 .631 .578 .631
TRANSP .526 .526 .578 .578 .684 .684
SOFTWARE .517 .482 .464 .517 .625 .678
FOOD .51 .489 .51 .51 .551 .551
HIGHPRIC .504 .517 .607 .672 .814 .823
----------------------------------------------------------------------------------------------
COAL .5 .5 .5 .666 .5 .666
EDU .5 .5 .666 .666 .666 .666
HOSPITAL .5 .357 .5 .428 .5 .5
----------------------------------------------------------------------------------------------
INDEXES .486 .47 .551 .648 .772 .8
REIT .484 .469 .553 .669 .692 .746
RETAIL .468 .468 .489 .553 .659 .638
JETS .461 .384 .538 .538 .692 .692
NIFTY .454 .477 .5 .522 .704 .795
GREEN .444 .5 .5 .666 .666 .666
HACKERS .437 .437 .437 .5 .5 .5
FINANCE .425 .375 .412 .475 .55 .637
OILGAS .409 .371 .38 .457 .457 .504
COMPUTER .4 .5 .5 .55 .65 .65
BIOTECH .38 .355 .388 .396 .438 .432
AUTO .377 .452 .49 .547 .641 .698
SOLAR .375 .375 .625 .75 .687 .625
LOWPRICE .28 .277 .308 .305 .308 .327
GUNS .214 .214 .285 .357 .642 .714
REGBANKS .2 .2 .24 .24 .36 .44
MARIJUAN .1 .1 .3 .3 .4 .6
|
====================================================================================
Tuesday -
6:05 AM - Futures: DJI -10 NASDAQ
-50 Data Used: 12/19/22
| |
12/19/2022
DJIA 32757.54
-162.92 -0.49%
S&P 500 3817.66
-34.70 -0.90%
Nasdaq 10546.03 -159.38
-1.49%
New highs 41
+ 79 = 120
New Lows 166 + 535
= 701 |
|
| |
Peerless refused to give a Santa Claus Buy B13
today. The reason was that
the volume indicators dropped into negative territiry too much.
Such low Obv-Pct
and V-I scores as we saw today are assiociated too closely with
lower prices
until just before Christmas eve. The Buy B2 at the lower
band may still on its own
bring a rally. But I have urged folks here to wait until
DIA's Closing Power turns up.
Then Buy DIA or MRK or HD. The tech stocks are just under
too much tax loss
selling pressure, especially where they ae making confirned
new lows or are simply
below their 65-dma. Shorting the weakest among the Bearish
MINCPs has been
profitable. Hold them short for a while longer.
|
|
| |
Charts - 12/19/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/NEWPEER/UPD81219.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-19/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-19/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth Statistics 12/19/2022
DJIA 32757.54 -162.92 -0.49
S&P 500 3817.66 -34.70 -0.90
Nasdaq 10546.03 -159.38 -1.49
New highs 41 + 79 = 120
New Lows 166 + 535 = 701
NYSE Latest Close Previous Close Week Ago
Issues traded 3,256 3,235 3,265
Advances 932 961 2,006
Declines 2,222 2,140 1,135
Unchanged 102 134 124
New highs 41 31 48
New lows 166 178 90
Adv. volume* 252,970,358 685,773,639 650,506,834
Decl. volume* 675,419,805 2,502,892,296 188,323,349
Total volume* 938,598,105 3,232,478,068 849,255,435
Closing Arms (TRIN)† 1.13 1.47 0.66
Block trades* 4,747 6,810 4,476
Adv. volume 1,062,250,261 1,723,890,611 2,793,564,822
Decl. volume 2,858,174,978 5,642,903,423 1,045,988,830
Total volume 3,969,615,175 7,493,668,747 3,904,136,311
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,863 4,817 4,834
Advances 1,278 1,722 2,679
Declines 3,349 2,851 1,876
Unchanged 236 244 279
New highs 79 66 87
New lows 535 458 294
Closing Arms (TRIN)† 1.39 1.39 0.54
Block trades 28,832 39,566 30,573
Adv. volume 989,036,868 2,386,956,275 3,453,719,035
Decl. volume 3,604,808,918 5,484,675,702 1,316,346,738
Total volume 4,631,829,294 7,968,178,089 4,829,996,357
|
Table 2 QUICKSILVER on ETFS - 12/19/2022 ---
Bullish = 0
Bearish = 3 DBO, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 327.38 -1.59 341.81 -196.5% Bearish RED .08 ----- -------
---------------------------------------------------------------------------------------------
COMPQX 10546.03 -159.38 11256.81 -271.3% Bearish RED -.081 -.127 -.208
---------------------------------------------------------------------------------------------
SPY 380.02 -3.25 401.97 -239.8% Bearish RED .003 -.07 -.067
---------------------------------------------------------------------------------------------
QQQ 269.75 -4.5 288.65 -280.3% Bearish RED -.055 -.115 -.17
---------------------------------------------------------------------------------------------
MDY 434.92 -5.11 458.7 -233.8% Bearish RED -.072 -.065 -.137
---------------------------------------------------------------------------------------------
IWM 172.01 -2.36 181.38 -244% Bearish RED -.118 -.097 -.215
---------------------------------------------------------------------------------------------
FAS 69.32 -.42 79.12 -603.6% Bearish RED .058 .103 .161
---------------------------------------------------------------------------------------------
RETL 6.85 -.4 8.28 -986.7% Bearish RED .029 -.083 -.054
---------------------------------------------------------------------------------------------
SOXL 10.69 -.42 13.63 -921.6% Bearish RED -.025 .043 .018
---------------------------------------------------------------------------------------------
TECL 22.93 -.97 28.75 -908.9% Bearish RED .002 -.084 -.082
---------------------------------------------------------------------------------------------
IBB 130.56 -2.44 136 -129.8% Bearish RED .008 -.019 -.011
---------------------------------------------------------------------------------------------
GLD 166.32 -.47 168.51 19.2% Bearish RED -.038 -.064 -.102
---------------------------------------------------------------------------------------------
DBO 14.43 .09 14.65 -6.9% Bearish BLUE -.052 -.292 -.344
---------------------------------------------------------------------------------------------
OIH 283.19 -2.74 294.41 10.5% Bearish RED .068 .028 .096
---------------------------------------------------------------------------------------------
CPER 22.73 -.05 23.24 -65.1% Bearish RED -.231 0 -.231
---------------------------------------------------------------------------------------------
TAN 77.4 -1.03 81.15 -128.1% Bearish RED -.116 -.028 -.144
---------------------------------------------------------------------------------------------
UUP 28.07 -.24 28.13 -54.9% Bullish ---- .076 -.191 -.115
---------------------------------------------------------------------------------------------
CORN 25.85 -.21 25.95 -40.4% Bullish RED -.177 -.173 -.35
---------------------------------------------------------------------------------------------
WEAT 7.57 -.08 7.6 -45.9% Bearish ---- -.253 -.269 -.522
---------------------------------------------------------------------------------------------
YINN 45.13 -.72 48.08 -153.1% Bearish RED -.102 -.065 -.167
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/19/22
Bullish= 25
Bearish= 19
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
HOMEBLDG .888 .888 .888 .888 .888 .888
BONDFUND .827 .85 .85 .885 .885 .885
UTILITY .789 .815 .815 .815 .815 .815
BEVERAGE .785 .785 .857 .857 1 .928
DJI-13 .769 .769 .923 .923 .923 .923
DOWJONES .733 .733 .833 .866 .866 .866
=====
ETFS .727 .781 .781 .836 .854 .836
GOLD .717 .76 .739 .826 .869 .826
INFRA .696 .818 .848 .878 .878 .878
CHINA .66 .7 .68 .68 .66 .62
SP-100 .655 .644 .755 .822 .822 .8
SP500 .604 .634 .692 .779 .797 .802
=====
INSURANC .6 .72 .72 .76 .8 .76
SEMI .589 .652 .684 .768 .768 .778
CHEM .586 .608 .652 .717 .739 .717
MILITARY .576 .615 .692 .73 .73 .807
BIGBANKS .571 .571 .571 .714 .714 .714
NASD-100 .56 .57 .6 .71 .75 .75
=====
ELECTRON .556 .631 .661 .729 .736 .751
FIDSTKS .538 .603 .656 .757 .763 .775
RUS-1000 .532 .585 .628 .725 .741 .731
=====
TRANSP .526 .578 .578 .684 .684 .789
HIGHPRIC .517 .607 .672 .814 .818 .801
COMODITY .512 .564 .564 .615 .615 .589
================================================================================================
COAL .5 .5 .666 .5 .666 .666
COMPUTER .5 .5 .55 .65 .65 .65
EDU .5 .666 .666 .666 .666 .666
GREEN .5 .5 .666 .666 .666 .611
INDMATER .5 .555 .597 .708 .694 .708
================================================================================================
FOOD .489 .51 .489 .551 .551 .51
SOFTWARE .482 .482 .517 .625 .66 .607
NIFTY .477 .5 .522 .704 .772 .727
INDEXES .47 .551 .648 .772 .8 .767
REIT .469 .546 .676 .7 .73 .715
RETAIL .468 .489 .553 .659 .638 .659
AUTO .452 .49 .547 .641 .698 .679
HACKERS .437 .437 .5 .5 .5 .5
JETS .384 .538 .538 .692 .692 .769
FINANCE .375 .412 .475 .537 .637 .7
SOLAR .375 .625 .75 .687 .625 .5
OILGAS .371 .38 .457 .457 .504 .438
GAMING .368 .578 .578 .631 .631 .631
HOSPITAL .357 .5 .428 .5 .5 .428
BIOTECH .355 .385 .399 .438 .432 .421
LOWPRICE .277 .31 .308 .308 .322 .316
GUNS .214 .285 .357 .642 .714 .714
REGBANKS .2 .24 .24 .36 .48 .56
MARIJUAN .1 .3 .3 .4 .5 .6
|
/2022
=================================================================================
Monday -
5:55 AM - Futures: DJI
+0 NASDAQ +15 Data
Used: 12/16/2022
| |
12/16/2022
DJIA 32920.46
-281.76 -0.85
S&P 500 3852.36 -43.39 -1.11
Nasdaq 10705.41
-105.11 -0.97
New Highs 31 + 66 = 97
New lows 178 + 458 = 636 |
|
| |
Friday
Sellers took the DJI down to its 3.5% lower band where it turned around a little.
So, that level may act as
enough support this week to cause our Closing Powers to hook
back up. And that would
be our sign to buy DIA, HD, SOXL and NVDA. To do this,
the key ETFs' Closing Powers
shown below willl now need to close above their
openings. Given the
past reliabilty of past Buy B2s and B13s (which is likely today),
traders should then expect a
rally until early January, at the least. Much bigger gains
have sometimes resulted from
Buy B13s at the end of the second year in the four-year
Presidential cycle: Decembers
1950 (+12.2%), 1962 (+44.5%), 1966 (+9.6),
1974 (44.7%), 1986 (+25.4%)
and 1998 (+23.6%)
But avoid tech stocks below
their 65-dma because of tax loss selling. Stay short
the weakest Bearish MINCPs.
In January, the beaten down techs should enjoy quite
a bounce.
There are some good reasons
for a rally now besides the statistics for Buy B2s and
B13s. Officials from
the FOMC will now be quiet for two weeks unless there is a
sudden market panic.
Perhaps, the war in the Ukraine will be more peaceful at this time
of the year. The
invader-in-chief, Vladimir Putin , is in more and more trouble at home
because of the great number
of Russian casualties. And now rumors are circulating
that he is seriously ill with
cancer, to the point where he fell down some stairs at his home.
Of course, an end to the war
would drop commodity and oil prices. The FED would
then have to pause its rate
hikes. Peace would make the market soar.
Watch GS and FAS closely.
Late Friday, Professionals stopped selling FAS (financials)
but were unwilling to move up
prices past its opening. That is what we should see for
the major ETFs before buying
them because of the Buy B2 at the 3% lower band.
Watch AAPL. It is at its lows
and could go either way.
It is likely we will get a
Peerless Buy B13 to show us that we should soon be seeing
a Santa Claus rally.
These Buys occur from December 17th through the 23rd and are
expected to bring a rally
into early January at the earliest. They do not occur after fresh
Sell S9s and are not allowed
more than a small percentage above the 21-day ma.
Number = 38
All were eventually profitable.
Gains of greater than 5% = 21
Paper losses of 2% or more = 5
19361217 B13
180.8
.048 175.9
-.0271 12/21
19811217 B13
870.53
.011 838.95
-.0362 12/21
19971217 B13/B9
7957.41 .154
7580.42 -.0473 1/9
19991217 B13
11257.43
.019 10997.9 -.023
1/4
20001218 B13
10645.42
.025 10318.9 -.0306
12/20
38 Past Buy B13 signals: 1928-2021
----------------------------------
Date Signal DJI Gain Paper Loss
19281218 B13 275.4 .135 none 0
19291220 B13 232.7 .074 perfect 0
19331219 B13 97.3 .138 perfect 0
19341217 B13 100.9 .031 99.6 -.0128 12/20
19351217 B13 140.6 .017 138.90 -.012 12/19
19361217 B13 180.8 .048 175.9 -.0271 12/21
19371228 B13 118.9 .084 perfect 0
19381220 B13 150.5 .026 149.6 -.0059 12/21
19391218 B13 149.2 .024 148.5 -.0046 12/27
19401217 B13 130.5 .011 128.4 -.016 12/23
19411222 B13 106.6 .044 106.3 -.0028 12/23
19441220 B13 150.6 .089 148.7 -.0126 12/27
19451217 B13 190.4 .046 189.1 -.0068 12/21
19481217 B13 175.9 .024 175.00 -.0051 1/3
19491220 B13 197.2 .119 196.4 -.004 12/21
19501218 B13 231.00 .122 229.7 -.0056 12/26
19571217 B13 425.7 .527 perfect 0
19611221 B13 720.1 .016 none 0
19621217 B13 645.5 .455 640.1 -.0083 12/18
19631224 B13 756.9 .240 none 0
19661221 B13 797.43 .096 785.69 -.015 12/30
19721218 B13 1013.25 .034 1000.00 -.013 12/21
19741217 B13 597.54 .447 none 0
19801217 B13 928.5 .048 none 0
19811217 B13 870.53 .011 838.95 -.0362 12/29
19861217 B13 1918.31 .254 1895.91 -.0116 12/31
19911217 B13 2902.28 .156 none 0
19951218 B13 5075.21 .093 5059.32 -.0031 12/20
19961217 B13 6308.33 .087 6268.35 -.0063 12/16
19971217 B13/B9 7957.41 .154 7580.42 -.0473 1/9
19981217 B13 8875.82 .236 none 0
19991217 B13 11257.43 .019 10997.9 -.023 1/4
20001218 B13 10645.42 .025 10318.9 -.0306 12/20
20081219 B13 8579.11 .044 8419.49 -.0186 12/23
20091217 B13 10308.26 .069 none 0
20111219 B13 11766.26 .115 perfect 0
20141217 B13 17356.87 .055 17164.9 -.011 1/30
20191218 B13 28239.28 .037 none 0
|
|
|
| |
Charts - 12/16/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/NEWPEER/UPD81216.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-16/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-16/BEARISH.htm |
|
 |
DIA
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
12/16/2022
DJIA 32920.46 -281.76 -0.85
S&P 500 3852.36 -43.39 -1.11
Nasdaq 10705.41 -105.11 -0.97
New Highs 31 + 66 = 97
New lows 178 + 458 = 636
NYSE Latest Close Previous Close Week Ago
Issues traded 3,235 3,251 3,259
Advances 961 601 926
Declines 2,140 2,537 2,218
Unchanged 134 113 115
New highs 31 38 43
New lows 178 126 63
Adv. volume* 685,773,639 128,110,458 290,671,849
Decl. volume* 2,502,892,296 894,275,773 542,366,743
Total volume* 3,232,478,068 1,027,101,337 856,195,382
Closing Arms (TRIN)† 1.47 1.46 0.74
Block trades* 6,810 4,737 4,285
Adv. volume 1,723,890,611 620,626,713 1,367,914,713
Decl. volume 5,642,903,423 3,827,096,219 2,439,327,766
Total volume 7,493,668,747 4,493,905,168 3,888,263,390
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,817 4,888 4,810
Advances 1,722 1,223 1,654
Declines 2,851 3,419 2,863
Unchanged 244 246 293
New highs 66 84 68
New lows 458 376 248
Closing Arms (TRIN)† 1.39 0.70 0.90
Block trades 39,566 41,798 26,463
Adv. volume 2,386,956,275 1,866,445,174 1,649,364,351
Decl. volume 5,484,675,702 3,636,585,843 2,578,310,808
Total volume 7,968,178,089 5,536,073,488 4,337,449,69204,122
|
Table 2 QUICKSILVER on ETFS - 12/16/2022 ---
Bullish = 0
Bearish = 3 DBO, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 328.97 -3.83 340.62 -94.6% Bearish RED .117 ---- -------
---------------------------------------------------------------------------------------------
COMPQX 10705.41 -105.12 11143.74 -135.1% Bearish RED -.035 -.133 -.168
---------------------------------------------------------------------------------------------
SPY 383.27 -6.36 398.95 -126.2% Bearish RED .05 -.072 -.022
---------------------------------------------------------------------------------------------
QQQ 274.25 -2.64 285.58 -137.2% Bearish RED -.007 -.119 -.126
---------------------------------------------------------------------------------------------
MDY 440.03 -6.16 456.03 -122.3% Bearish BLUE .004 -.061 -.057
---------------------------------------------------------------------------------------------
IWM 174.37 -1.31 180.72 -118.5% Bearish BLUE -.054 -.096 -.15
---------------------------------------------------------------------------------------------
FAS 69.74 -1.86 78.37 -382.2% Bearish BLUE .105 .042 .147
---------------------------------------------------------------------------------------------
RETL 7.25 -.31 8.42 -642.9% Bearish RED .141 -.087 .054
---------------------------------------------------------------------------------------------
SOXL 11.11 -.29 12.98 -477.7% ------- RED .022 -.107 -.085
---------------------------------------------------------------------------------------------
TECL 23.9 -1.02 27.78 -402% ------- RED .049 -.158 -.109
---------------------------------------------------------------------------------------------
IBB 133 -1.24 134.06 -.4% ------- ---- .058 -.012 .046
---------------------------------------------------------------------------------------------
GLD 166.79 1.44 165.68 -8.1% Bearish BLUE 0 -.055 -.055
---------------------------------------------------------------------------------------------
DBO 14.34 -.22 14.45 58.5% Bearish BLUE -.084 -.255 -.339
---------------------------------------------------------------------------------------------
OIH 285.93 -4.69 282.58 262.9% Bearish BLUE .1 .05 .15
---------------------------------------------------------------------------------------------
CPER 22.78 -.01 23.03 -97.3% Bearish BLUE -.218 .002 -.216
---------------------------------------------------------------------------------------------
TAN 78.43 -1.81 79.46 -11.8% ------- RED -.05 -.027 -.077
---------------------------------------------------------------------------------------------
UUP 28.31 .05 28.38 -8.9% Bullish ---- .022 -.161 -.139
---------------------------------------------------------------------------------------------
CORN 26.06 .03 26.06 61.7% Bullish BLUE -.161 -.137 -.298
---------------------------------------------------------------------------------------------
WEAT 7.65 .01 7.64 131.9% Bearish ---- -.25 -.241 -.491
---------------------------------------------------------------------------------------------
YINN 45.85 .27 46.57 -257.8% ------- RED -.027 -.103 -.13
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/16/22
Bullish = 33
Bearish = 11
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
HOMEBLDG .888 .888 .888 .888 .888 .888
BONDFUND .85 .85 .885 .885 .885 .885
INFRA .818 .848 .878 .878 .878 .878
UTILITY .815 .815 .815 .815 .815 .842
BEVERAGE .785 .857 .857 1 .928 1
ETFS .781 .781 .836 .854 .854 .836
DJI-13 .769 .923 .923 .923 .923 .846
GOLD .76 .739 .826 .869 .804 .826
DOWJONES .733 .833 .866 .866 .866 .833
------
INSURANC .72 .72 .76 .8 .76 .76
CHINA .7 .68 .68 .66 .62 .64
EDU .666 .666 .666 .666 .666 .833
SEMI .652 .684 .768 .768 .757 .736
SP-100 .644 .755 .822 .822 .8 .755
SP500 .634 .692 .779 .793 .804 .759
-----
ELECTRON .631 .661 .729 .736 .729 .714
SOLAR .625 .75 .687 .625 .5 .437
MILITARY .615 .692 .73 .73 .807 .73
CHEM .608 .652 .739 .717 .739 .739
HIGHPRIC .607 .672 .814 .818 .793 .754
FIDSTKS .603 .656 .757 .763 .775 .704
RUS-1000 .585 .628 .725 .741 .729 .69
-----
GAMING .578 .578 .578 .684 .631 .578
TRANSP .578 .578 .684 .684 .789 .684
BIGBANKS .571 .571 .714 .714 .714 .571
NASD-100 .57 .6 .71 .75 .74 .69
-----
COMODITY .564 .564 .589 .615 .589 .589
INDMATER .555 .597 .708 .694 .694 .708
INDEXES .551 .648 .772 .8 .767 .718
REIT .546 .669 .707 .738 .692 .692
JETS .538 .538 .692 .692 .769 .692
FOOD .51 .489 .53 .551 .51 .51
=================================================================================================
COAL .5 .666 .5 .666 .666 .666
COMPUTER .5 .55 .65 .65 .65 .65
GREEN .5 .666 .666 .666 .611 .555
HOSPITAL .5 .428 .5 .5 .428 .357
NIFTY .5 .522 .704 .772 .727 .613
------------------------------------------------------------------------------------------------
AUTO .49 .547 .641 .698 .679 .679
RETAIL .489 .553 .659 .638 .638 .659
SOFTWARE .482 .535 .625 .66 .589 .571
HACKERS .437 .5 .5 .5 .5 .5
FINANCE .412 .475 .537 .625 .675 .662
BIOTECH .385 .396 .44 .432 .418 .399
OILGAS .38 .457 .457 .504 .438 .361
LOWPRICE .31 .31 .31 .322 .313 .296
MARIJUAN .3 .3 .4 .5 .6 .5
GUNS .285 .357 .642 .714 .714 .714
REGBANKS .24 .24 .36 .48 .56 .48
|
====================================================================================
Friday
- 5:50 AM - Futures: DJI -384 NASDAQ
-78 Data Used: 12/15/2022
| |
12/15/2022
DJIA 33202.22 -764.13 -2.25%
Nasdaq 10810.53 -360.36 -3.23%
S&P 500 3895.75 -99.57 -2.49%
New Highs 38 + 84 = 118
New Lows 126 +376 = 502
|
|
| |
Professional selling is too pronounced to buy
yet. Stay hedged with Bearish MINCPs.
The 20% rally that the Professionals rigged on low volume in
October and November
is now being giving up without a fight. The trend was the
bull's friend. But once broken,
the Professionals' computerized buy programs have been put in
reverse. Now the Closing
Power trends are clearly down for DIA, NASDAQ, SPY, QQQ and FAS
(financials)
It remains to be seen if December's normally bullish seasonality
will be strong enough
to bring a reversal back up. Today the DJI fell almost to
its its 3% lower band. This
generated a Peerless Buy B2. But it is seasonally
determined. Had a similar decline
occurred in November, there would have been no Buy B2.
In three days the DJI has fallen from its 3% upper band (actually
just below that level)
to almost its 3% lower band. This is a remarkably quick
decline. Such sudden drops
from the upper 3% to the lower 3% band have been seen 22 times in
the past since
late 1928. In 15 cases, more than 2/3 of the time, a bottom
was soon reached and
the DJI bounced back to its 2.5% upper band, at least. But
in 7 cases, the DJI kept
failling. The odds of a profitable recovery are only 60% if
we look at the five instances
since the year 2000. There were 3 bouce-backs in 2000, but
there were much deeper
declines in these rapid sell-offs to the lower band in
November 2008 and in December
2018 (when the FED was busy raising rates until President Trump
stopped the tightening
just before Christmas. If we compare the two
Presidents' styles, I would have to say
Biden, being the more cautious, will not challenge the FED.
So, we have to very careful.
The best way to learn if and when the FED will be stepping back
from its declared plan
to raise rates above 5% in 2023, is for us to watch our
Closing Powers, for the big ETFs
and for FAS and GS, in particular. Right now they are
in clear down-trends. Professionals
do not expect any FED moderation even if a recession
results.
I've talked about the bearish pressure especially in beaten-down
big techs like
TSLA, AMZN and GOOG. But the same pressures are at work in
AAPL, too.
This force may not ease up until the new year actually starts.
This explains why the
QQQ and NASDAQ are under-perfoming the DJI by more than 10% over
the
last 50-trading days and are close to making new yearly
lows.
The price breakdowns below recent flat support generated
TigerSoft S5 Sells in
the NASDAQ and NYSE. The trend-breaks, top-formations,
Closing Power
trend-breaks and consolidation pattern breakdowns after a rise
for two months
now looks a lot like what happend in August. We will be
lucky if the DJI pulls
back only 50% of its October-November gain, it seems. So,
we need to see
signs that Professionals are changing their minds again. We
need to see the
Closing Powers hook back up. I would wait to buy
until next week when
the December seasonality is most apt to works its magic on the
market. |
|
| |
Charts - 12/15/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/NEWPEER/UPD81215.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-15/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-15/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
| |
Table 1 - Breadth Statistics 12/15/2022
DJIA 33202.22 -764.13 -2.25%
Nasdaq 10810.53 -360.36 -3.23%
S&P 500 3895.75 -99.57 -2.49%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,251 3,232 3,265
Advances 601 1,305 1,740
Declines 2,537 1,791 1,378
Unchanged 113 136 147
New highs 38 46 49
New lows 126 92 71
Adv. volume* 128,110,458 355,745,190 525,424,510
Decl. volume* 894,275,773 652,701,600 296,374,694
Total volume* 1,027,101,337 1,048,650,485 832,537,532
Closing Arms (TRIN)† 1.46 1.23 0.73
Block trades* 4,737 5,082 4,431
Adv. volume 620,626,713 1,591,863,489 2,508,355,349
Decl. volume 3,827,096,219 2,688,945,274 1,451,504,672
Total volume 4,493,905,168 4,472,347,259 4,006,900,432
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,888 4,848 4,869
Advances 1,223 1,897 2,661
Declines 3,419 2,695 1,926
Unchanged 246 256 282
New highs 84 99 111
New lows 376 246 254
Closing Arms (TRIN)† 0.70 0.86 0.80
Block trades 41,798 38,770 26,060
Adv. volume 1,866,445,174 2,444,828,872 2,683,696,562
Decl. volume 3,636,585,843 2,988,509,212 1,546,354,819
Total volume 5,536,073,488 5,485,155,915 4,281,804,122
|
Table 2 QUICKSILVER on ETFS - 12/15/2022 ---
Bullish = 0
Bearish = 4 DBO,CPER, CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
================================================================================================
DIA 332.8 -7.42 335.37 -83.4% ------- RED .088 ----- ----
---------------------------------------------------------------------------------------------
COMPQX 10810.53 -360.36 11004.62 -121.9% Bearish RED -.047 -.129 -.176
---------------------------------------------------------------------------------------------
SPY 389.63 -9.77 393.28 -83% Bearish RED .042 -.066 -.024
---------------------------------------------------------------------------------------------
QQQ 276.89 -9.62 282.04 -122% Bearish RED -.014 -.117 -.131
---------------------------------------------------------------------------------------------
MDY 446.19 -10.37 451.13 -108.7% Bearish RED -.028 -.055 -.083
---------------------------------------------------------------------------------------------
IWM 175.68 -4.51 178.62 -143.1% Bearish RED -.119 -.094 -.213
---------------------------------------------------------------------------------------------
FAS 71.6 -4.43 75.56 -300.4% Bearish RED .076 .022 .098
---------------------------------------------------------------------------------------------
RETL 7.56 -.71 8.3 -702.2% Bearish RED .093 -.063 .03
---------------------------------------------------------------------------------------------
SOXL 11.4 -1.6 12.32 -472.5% Bearish RED -.004 -.101 -.105
---------------------------------------------------------------------------------------------
TECL 24.92 -3.13 26.08 -307.8% ------- RED .051 -.142 -.091
---------------------------------------------------------------------------------------------
IBB 134.24 -2.49 133.01 -61% ------- RED .028 -.007 .021
---------------------------------------------------------------------------------------------
GLD 165.35 -2.75 167.06 -33.5% Bearish RED -.05 -.064 -.114
---------------------------------------------------------------------------------------------
DBO 14.56 -.28 14.17 155.8% Bearish RED -.076 -.229 -.305
---------------------------------------------------------------------------------------------
OIH 290.62 -2.08 270.88 126.2% Bearish BLUE .046 .085 .131
---------------------------------------------------------------------------------------------
CPER 22.79 -.51 23.23 -137.7% Bearish RED -.229 -.033 -.262
---------------------------------------------------------------------------------------------
TAN 80.24 -2.49 78.62 71.7% ------- RED -.073 -.033 -.106
---------------------------------------------------------------------------------------------
UUP 28.26 .26 28.36 -7.1% Bullish BLUE -.029 -.153 -.182
---------------------------------------------------------------------------------------------
CORN 26.03 .06 25.74 67.6% Bullish BLUE -.189 -.146 -.335
---------------------------------------------------------------------------------------------
WEAT 7.64 .05 7.45 52.9% Bearish ---- -.246 -.26 -.506
---------------------------------------------------------------------------------------------
YINN 45.58 -3.48 48.3 -356.8% Bearish RED -.019 -.135 -.154
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/15/22
Bullish = 39
Bearish = 9
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
DJI-13 .923 .923 .923 .923 .846 .923
HOMEBLDG .888 .888 .888 .888 .888 .888
BEVERAGE .857 .857 1 .928 1 1
BONDFUND .85 .885 .885 .885 .873 .896
INFRA .848 .878 .878 .878 .878 .878
DOWJONES .833 .866 .866 .866 .833 .866
=====
UTILITY .815 .815 .815 .815 .842 .868
ETFS .781 .836 .854 .854 .854 .836
SP-100 .755 .822 .822 .8 .755 .777
SOLAR .75 .687 .625 .5 .437 .437
GOLD .739 .826 .869 .804 .826 .847
INSURANC .72 .76 .8 .76 .72 .8
MILITARY .692 .73 .73 .807 .73 .73
SP500 .692 .779 .793 .8 .759 .771
=====
SEMI .684 .768 .768 .757 .736 .768
CHINA .68 .68 .66 .62 .64 .64
HIGHPRIC .672 .814 .818 .793 .745 .775
REIT .669 .7 .746 .7 .676 .692
COAL .666 .5 .666 .666 .5 .5
EDU .666 .666 .666 .666 .666 .833
GREEN .666 .666 .666 .611 .555 .555
ELECTRON .661 .729 .736 .729 .714 .736
FIDSTKS .656 .757 .763 .775 .692 .751
CHEM .652 .739 .739 .717 .76 .782
INDEXES .648 .772 .8 .767 .718 .751
RUS-1000 .628 .725 .741 .729 .685 .703
NASD-100 .6 .71 .75 .74 .68 .74
=====
INDMATER .597 .708 .694 .694 .694 .708
GAMING .578 .578 .631 .684 .578 .631
TRANSP .578 .684 .684 .789 .684 .684
BIGBANKS .571 .714 .714 .714 .571 .571
COMODITY .564 .589 .589 .589 .589 .589
RETAIL .553 .659 .638 .638 .659 .723
COMPUTER .55 .65 .65 .65 .6 .6
AUTO .547 .641 .698 .679 .679 .698
JETS .538 .692 .692 .769 .692 .692
SOFTWARE .535 .642 .66 .589 .571 .607
NIFTY .522 .704 .772 .727 .613 .704
===================================================================================================
HACKERS .5 .5 .5 .5 .5 .5
===================================================================================================
FOOD .489 .53 .53 .51 .51 .51
FINANCE .475 .537 .625 .662 .662 .612
OILGAS .457 .457 .504 .438 .361 .428
HOSPITAL .428 .5 .5 .428 .357 .428
BIOTECH .396 .438 .435 .418 .393 .424
GUNS .357 .642 .714 .714 .714 .714
LOWPRICE .31 .313 .324 .313 .291 .294
MARIJUAN .3 .4 .5 .6 .5 .6
REGBANKS .24 .36 .48 .56 .48 .48
|
====================================================================================
Thursday
- 6:00 AM - Futures: DJI -390 NASDAQ
-203 Data Used: 12/14/2022
| |
12/14/2022
Last
Chg %Chg
DJIA 33966.35 -142.29 -0.42%
S&P 500 3995.32 -24.33 -0.61%
Nasdaq 11170.89 -85.93 -0.7% |
|
| |
Watch the Closing Powers now. Professionals pumped the market
up, now
they are taking it down using selling at the openings, too.
That the
market would sell off after such classicly bearish red "popsicles"
and
failures to surpass the various resistance points in the DJI, SPY,
NASDAQ and
QQQ should not come as a surpise. Especially, when
FED is
trying to scare the market by talking about 5% rates at some point
next year.
But the amount of Professional selling as evidenced by the
falling
Closing Powers shown in almost all the biggest companies' stocks
will be of
concern if it continues, especially with the DJI down 1%+ already
in the
futures market.
The bullish
seasonality in the second half of December should produce
a Buy B13
to start a Santa Claus rally next week. As reliable as they
are, I
would still want to see the Closing Powers reverse after a successful
test of the
recent lows. Let's also see if we can't get a Red Buy signal
from SPY's
5-day stochastic. The tax loss selling in the tech giants,
TSLA, AMZN
and GOOG, is apt to be merciless as the year comes
to an end.
Also bearish for now are the falling Closing Powers for
the
financials' ETF, FAS along with GS and JPM in the DJI-30.
I expect
MSFT, HD and NVDA to be able to hold up well unless
the DJI
plunges below its support at 33440. The weakest bearish
MINCPs are
apt to remain weak until the end of the year. Stay short
some of
these.
|
|
| |
Charts - 12/14/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/NEWPEER/UPD81214.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-14/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-14/BEARISH.htm |
|
 |
 |
 |
 |
 |
 |
 |
 |
"3 locomotives of higher prices" - HD, MSFT and NVDA
 |
weak AAPL - biggest QQQ and SPY component
 |
Weak high tech giants: TSLA, AMZN, GOOG
|
Biggest DJI component - UNH
 |
Table 1 - Breadth Statistics
12/14/2022
Last Chg %Chg
DJIA 33966.35 -142.29 -0.42%
S&P 500 3995.32 -24.33 -0.61%
Nasdaq 11170.89 -85.93 -0.7%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,232 3,288 3,264
Advances 1,305 2,227 1,512
Declines 1,791 936 1,616
Unchanged 136 125 136
New highs 46 91 38
New lows 92 56 102
Adv. volume* 355,745,190 740,686,688 332,827,500
Decl. volume* 652,701,600 415,751,697 533,382,964
Total volume* 1,048,650,485 1,177,322,775 885,453,002
Closing Arms (TRIN)† 1.23 1.55 1.71
Block trades* 5,082 5,171 4,424
Adv. volume 1,591,863,489 3,010,933,099 1,414,305,331
Decl. volume 2,688,945,274 1,967,367,902 2,581,305,974
Total volume 4,472,347,259 5,079,364,895 4,118,053,025
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,848 4,911 4,820
Advances 1,897 2,781 1,966
Declines 2,695 1,874 2,584
Unchanged 256 256 270
New highs 99 123 70
New lows 246 247 326
Closing Arms (TRIN)† 0.86 0.74 1.22
Block trades 38,770 39,590 27,746
Adv. volume 2,444,828,872 4,025,080,301 1,648,690,343
Decl. volume 2,988,509,212 1,995,617,169 2,633,943,698
Total volume 5,485,155,915 6,126,895,639 4,343,866,6764,713,331,628
|
Table 2 QUICKSILVER on ETFS - 12/14/2022 ---
Bullish = 0
Bearish = 4 DBO, UUP (Dollar), CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=======================================================================================================
DIA 340.22 -1.59 338.46 55.8% ------- RED .103 ---- ------
---------------------------------------------------------------------------------------------
COMPQX 11170.89 -85.92 11082 95.7% Bearish RED -.009 -.123 -.132
---------------------------------------------------------------------------------------------
SPY 399.4 -2.57 396.24 78.6% ------- RED .081 -.066 .015
---------------------------------------------------------------------------------------------
QQQ 286.51 -2.14 283.85 105.2% Bearish RED .021 -.107 -.086
---------------------------------------------------------------------------------------------
MDY 456.56 -2.14 456.1 44.3% Bearish RED .008 -.06 -.052
---------------------------------------------------------------------------------------------
IWM 180.19 -1.19 180.84 18% Bearish RED -.083 -.099 -.182
---------------------------------------------------------------------------------------------
FAS 76.03 -3.09 76.23 11.7% Bearish RED .073 .041 .114
---------------------------------------------------------------------------------------------
RETL 8.27 -.01 8.74 -177.3% Bearish ---- .061 -.015 .046
---------------------------------------------------------------------------------------------
SOXL 13 -.63 12.62 513.8% ------- RED .037 .055 .092
---------------------------------------------------------------------------------------------
TECL 28.05 -.7 26.61 492.1% ------- RED .07 -.033 .037
---------------------------------------------------------------------------------------------
IBB 136.73 .73 135.89 96.6% ------- BLUE .041 -.008 .033
---------------------------------------------------------------------------------------------
GLD 168.1 -.41 166.47 53.1% Bearish RED .01 -.076 -.066
---------------------------------------------------------------------------------------------
DBO 14.84 .19 14.11 188.3% Bearish BLUE -.06 -.216 -.276
---------------------------------------------------------------------------------------------
OIH 292.7 -1.71 283.43 179.8% Bearish RED .068 .123 .191
---------------------------------------------------------------------------------------------
CPER 23.3 .06 23.43 8.6% Bearish ---- -.186 -.017 -.203
---------------------------------------------------------------------------------------------
TAN 82.73 1.58 79.09 269% ------- BLUE -.034 -.067 -.101
---------------------------------------------------------------------------------------------
UUP 28 -.13 28.3 -68.9% Bullish RED -.08 -.176 -.256
---------------------------------------------------------------------------------------------
CORN 25.97 .02 25.68 46.5% Bullish BLUE -.168 -.169 -.337
---------------------------------------------------------------------------------------------
WEAT 7.59 -.01 7.56 6.6% Bearish ---- -.214 -.283 -.497
---------------------------------------------------------------------------------------------
YINN 49.06 .98 49.02 459.5% ------- BLUE .022 -.062 -.04
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/14/22
Bullish = 41
Bearish = 5
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
DJI-13 .923 .923 .923 .846 .923 .923
HOMEBLDG .888 .888 .888 .888 .888 .888
BONDFUND .885 .885 .885 .873 .896 .908
INFRA .878 .878 .878 .878 .878 .878
DOWJONES .866 .866 .866 .833 .866 .866
=====
BEVERAGE .857 1 .928 1 1 1
ETFS .836 .854 .854 .854 .854 .854
GOLD .826 .869 .804 .826 .847 .913
SP-100 .822 .822 .8 .755 .788 .777
UTILITY .815 .815 .815 .842 .868 .815
HIGHPRIC .814 .818 .793 .745 .771 .698
SP500 .779 .793 .8 .755 .773 .733
======
INDEXES .772 .8 .767 .718 .745 .718
SEMI .768 .768 .757 .736 .747 .694
INSURANC .76 .8 .76 .72 .76 .76
FIDSTKS .757 .763 .775 .692 .739 .71
CHEM .739 .739 .739 .739 .804 .739
MILITARY .73 .73 .807 .73 .73 .73
ELECTRON .729 .736 .729 .714 .714 .691
RUS-1000 .725 .741 .729 .685 .7 .658
=====
BIGBANKS .714 .714 .714 .571 .571 .571
NASD-100 .71 .75 .74 .68 .74 .68
=====
INDMATER .708 .694 .694 .694 .694 .736
NIFTY .704 .772 .727 .613 .704 .568
REIT .7 .738 .707 .684 .669 .638
JETS .692 .692 .769 .692 .692 .769
SOLAR .687 .625 .5 .437 .437 .437
TRANSP .684 .684 .789 .684 .684 .736
CHINA .68 .66 .62 .64 .64 .58
EDU .666 .666 .666 .666 .833 .833
GREEN .666 .666 .611 .555 .555 .5
RETAIL .659 .638 .638 .659 .723 .702
COMPUTER .65 .65 .65 .6 .6 .6
GUNS .642 .714 .714 .714 .714 .642
SOFTWARE .642 .678 .589 .571 .607 .553
AUTO .641 .698 .679 .679 .716 .698
COMODITY .589 .589 .564 .589 .589 .589
GAMING .578 .631 .631 .631 .631 .631
FINANCE .537 .625 .662 .65 .6 .6
FOOD .53 .53 .489 .51 .51 .51
========================================================================================
COAL .5 .666 .666 .5 .5 .5
HACKERS .5 .5 .5 .5 .5 .437
HOSPITAL .5 .5 .428 .357 .428 .428
===============================================================================================
OILGAS .457 .504 .438 .361 .438 .438
BIOTECH .438 .432 .421 .393 .421 .399
MARIJUAN .4 .5 .6 .5 .6 .7
REGBANKS .36 .48 .56 .48 .48 .52
LOWPRICE .313 .327 .316 .291 .294 .285
|
===================================================================================
Wednesday
- 6:00 AM - Futures: DJI -19 NASDAQ
-16 Data Used: 12/13/2022
| |
12/13/2022
DJIA 34108.64 103.60 +0.30%
S&P 500 4019.65 29.09 +0.73%
Nasdaq 11256.81 113.08 +1.01% |
|
| |
We don't
often see an eight hundred point reversal down from the opening.
But then we seldom see
all the major market indexes and ETFs simultanously hitting
so many reistance
points, namely price down-trends, flat overhead resistance
and falling 200-day
moving averages in the case of the SP-500 and NYSE.
The reversal also
marked a buying climax, in that the monthly CPI finally fell
a little because of the
big drop in oil and gasoline prices and this was obviosly
favorable to getting
the FED to pause in its rate hikes or, at least slow them
down. But the
fall in the CPI was also not unexpected. Just watching the
gas prices at the pump
would have alerted anyone to this change. And so,
many professionals took
profits and our candle-stick charts show various forms
of red popsicles and
red rolling pins, etc.
Seasonality as I have
said is quite bullish after the 15th of December. Tomorrow
expect the FED to sound
tough in their fight against inflation, but refuse to commit
to more rate hikes
after December's until February or March. This will amount
to a bullish pause.
But the "tough talk" should take the DJI back down to the
recent support, from
which a Santa Claus rally seems most likely.
It's true that UNH, the
most heavily weighted stock in DJI-30, fell today and
saw its CLosing Power
uptrend broken. And it's true that Tesla, a big part of
the QQQ and SPY, fell
to confirmed new lows. But it's also true that the
three
"locomotives" of the advance now, HD, NVDA and MSFT held onto
good gains today.
They should be held.
Traders looking for
ideas beyond shorting the Bearish MINCPs, should
look at our stock
charts for stocks showing optimized 5-day stochastic buys
and sells that have
gained more than 100% this past year. See how UCO
and GOOG meet this
criteria.
The Buy B21 and the
bullish seasonality should kick in a week again. ESP
subscribers can get the
Buy B21 now from the Tiger ESP page. |
|
| |
Charts - 12/13/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new - COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/NEWPEER/UPD81213.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-13/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-13/BEARISH.htm |
|
DJIA and DIA
 |
 |
SP-500 and SPY
 |
| NASDAQ 
|
 |
 |
 |
 |
 |
 |
 |
 |
Table 1 - Breadth Statistics 12/13/2022
DJIA 34108.64 103.60 +0.30%
S&P 500 4019.65 29.09 +0.73%
Nasdaq 11256.81 113.08 +1.01%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,288 3,265 3,275
Advances 2,227 2,006 906
Declines 936 1,135 2,231
Unchanged 125 124 138
New highs 91 48 37
New lows 56 90 114
Adv. volume* 740,686,688 650,506,834 281,158,629
Decl. volume* 415,751,697 188,323,349 676,801,258
Total volume* 1,177,322,775 849,255,435 969,965,743
Closing Arms (TRIN)† 1.55 0.66 0.88
Block trades* 5,171 4,476 4,881
Adv. volume 3,010,933,099 2,793,564,822 1,360,348,770
Decl. volume 1,967,367,902 1,045,988,830 2,942,807,100
Total volume 5,079,364,895 3,904,136,311 4,368,388,636
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,911 4,834 4,894
Advances 2,781 2,679 1,382
Declines 1,874 1,876 3,235
Unchanged 256 279 277
New highs 123 87 68
New lows 247 294 312
Closing Arms (TRIN)† 0.74 0.54 1.73
Block trades 39,590 30,573 34,183
Adv. volume 4,025,080,301 3,453,719,035 926,111,532
Decl. volume 1,995,617,169 1,316,346,738 3,754,332,752
Total volume 6,126,895,639 4,829,996,357 4,713,331,628
|
Table 2 Table 2 QUICKSILVER on ETFS - 12/13/2022 ---
Bullish = 1 SOXL,
Bearish = 4 DBO, UUP (Dollar), CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=======================================================================================================
DIA 341.81 1.19 336.44 79.3% ------- RED .086 ---- -----
---------------------------------------------------------------------------------------------
COMPQX 11256.81 113.07 10958.55 109.6% Bearish RED -.026 -.119 -.145
---------------------------------------------------------------------------------------------
SPY 401.97 3.02 393.16 103% ------- RED .064 -.063 .001
---------------------------------------------------------------------------------------------
QQQ 288.65 3.07 280.53 123.3% ------- RED .002 -.104 -.102
---------------------------------------------------------------------------------------------
MDY 458.7 2.67 452.53 62% Bearish RED -.036 -.05 -.086
---------------------------------------------------------------------------------------------
IWM 181.38 .66 179.54 36.4% Bearish RED -.114 -.088 -.202
---------------------------------------------------------------------------------------------
FAS 79.12 .75 75.85 137.7% Bearish RED .045 .189 .234
---------------------------------------------------------------------------------------------
RETL 8.28 -.14 8.57 -176% Bearish RED .017 .097 .114
---------------------------------------------------------------------------------------------
SOXL 13.63 .65 11.7 778.4% ------- RED .017 .246 .263
---------------------------------------------------------------------------------------------
TECL 28.75 .97 25.4 562.1% ------- RED .07 .069 .139
---------------------------------------------------------------------------------------------
IBB 136 1.94 134.13 102.6% ------- RED -.026 -.019 -.045
---------------------------------------------------------------------------------------------
GLD 168.51 2.83 166.33 110.5% Bearish RED .027 -.096 -.069
---------------------------------------------------------------------------------------------
DBO 14.65 .2 14.3 7% Bearish BLUE -.092 -.233 -.325
---------------------------------------------------------------------------------------------
OIH 294.41 11.83 282.53 78.6% Bearish BLUE .033 .142 .175
---------------------------------------------------------------------------------------------
CPER 23.24 .21 23.26 38.8% Bearish RED -.191 -.028 -.219
---------------------------------------------------------------------------------------------
TAN 81.15 1.69 78.46 130.5% ------- RED -.044 -.083 -.127
---------------------------------------------------------------------------------------------
UUP 28.13 -.25 28.39 -61.7% Bullish BLUE -.046 -.222 -.268
---------------------------------------------------------------------------------------------
CORN 25.95 -.11 25.73 77.7% ------ RED -.208 -.203 -.411
---------------------------------------------------------------------------------------------
WEAT 7.6 -.04 7.58 126.2% Bearish RED -.222 -.327 -.549
---------------------------------------------------------------------------------------------
YINN 48.08 1.51 44.71 33.8% ------- RED -.003 .006 .003
|
Table 3 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/13/22
Bullish = 43
Bearish = 3
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
BEVERAGE 1 .928 1 1 1 1
COPPER 1 1 1 1 1 1
DJI-13 .923 .923 .846 .923 .923 .923
HOMEBLDG .888 .888 .888 .888 .888 .888
BONDFUND .885 .885 .873 .896 .908 .885
INFRA .878 .878 .878 .878 .878 .878
GOLD .869 .804 .826 .847 .913 .826
DOWJONES .866 .866 .833 .866 .866 .866
ETFS .854 .854 .854 .854 .872 .854
SP-100 .822 .8 .755 .788 .777 .777
HIGHPRIC .818 .793 .745 .771 .693 .689
UTILITY .815 .815 .842 .868 .815 .815
INDEXES .8 .767 .718 .745 .718 .751
INSURANC .8 .76 .72 .76 .76 .76
SP500 .793 .8 .755 .769 .735 .749
GUNS .785 .785 .642 .642 .571 .714
NIFTY .772 .727 .613 .704 .568 .59
SEMI .768 .757 .736 .747 .673 .694
FIDSTKS .763 .775 .692 .739 .71 .721
NASD-100 .75 .74 .68 .74 .68 .69
RUS-1000 .741 .729 .685 .7 .657 .663
CHEM .739 .739 .76 .782 .76 .76
REIT .738 .7 .692 .676 .63 .615
ELECTRON .736 .729 .714 .714 .676 .684
MILITARY .73 .807 .73 .73 .73 .769
BIGBANKS .714 .714 .571 .571 .571 .571
AUTO .698 .679 .679 .716 .698 .735
INDMATER .694 .694 .694 .694 .736 .736
JETS .692 .769 .692 .692 .769 .769
TRANSP .684 .789 .684 .684 .736 .736
SOFTWARE .678 .607 .571 .607 .553 .535
COAL .666 .666 .5 .5 .5 .5
EDU .666 .666 .666 .833 .833 .833
GREEN .666 .611 .555 .555 .5 .555
CHINA .66 .62 .64 .64 .58 .6
COMPUTER .65 .65 .6 .6 .6 .6
RETAIL .638 .638 .659 .723 .702 .68
GAMING .631 .631 .578 .684 .631 .631
FINANCE .625 .662 .65 .587 .6 .662
SOLAR .625 .5 .437 .437 .437 .437
COMODITY .589 .564 .564 .589 .589 .589
FOOD .53 .489 .489 .51 .51 .51
OILGAS .504 .438 .361 .438 .438 .466
---------------------------------------------------------------------------
HACKERS .5 .5 .5 .5 .437 .437
HOSPITAL .5 .428 .357 .428 .428 .428
MARIJUAN .5 .6 .5 .6 .6 .9
---------------------------------------------------------------------------
REGBANKS .48 .56 .48 .48 .52 .56
BIOTECH .432 .418 .396 .421 .391 .432
LOWPRICE .327 .319 .294 .294 .282 .291
|
===================================================================================
Tuesday -
6:00 AM - Futures:
DJI +751 NASDAQ+453 Data
Used: 12/12/2022
| |
12/12/2022
Last Chg
%Chg
DJIA 34005.04
528.58 +1.58%
Nasdaq 11143.74 139.12
+1.26%
S&P 500 3990.56
56.18 +1.43%
|
|
| |
The CPI
numbers released today are clearly expected to show that the
rate of inflation is cooling
off in the key area of oil prices. That expectation
is again lifting prices,
especially in the big indexes and general market ETFs,
DIA, SPY and QQQ.
CONSUMER PRICE INDEX - NOVEMBER 2022
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in November
on a seasonally adjusted basis, after increasing 0.4 percent in October, the U.S.
Bureau of Labor Statistics reported today. Over the last 12 months, the all items
index increased 7.1 percent before seasonal adjustment.
The index for shelter was by far the largest contributor to the monthly all items
increase, more than offsetting decreases in energy indexes. The food index increased
0.5 percent over the month with the food at home index also rising 0.5 percent. The
energy index decreased 1.6 percent over the month as the gasoline index, the natural
gas index, and the electricity index all declined.
This is a market where hot
money is clearly flowing into DIA especially.
This has happened before,
most notably at the end of 1998 and the first
half of 1999. The
lagging A/D Line was and is no match for the hot money
flowing in the DJI-30.
Even S9s and S12s are suppressed at this time.
Keep in mnd that the DJI
averages gains are almost 3x larger in the 3rd year
of the Presidential Election
cycle than in the Presidential Election year itself
or Years 1 and 2.
DJI - 1998-1999
The new version of the Buy
B21 will be posted on the ESP page
Tueday night. It reflects
this bullish seasonality and is now in its take-off phase.
Understanding this helps us
appreciate why the Closing Powers shown below have
just hooked back up.
There is no point in argung with the tape or beng short QQQ.
The Closing Powers turning up
in here reflect a new aggresive buying on their part.
The strongest of the most
heavily weighted components are the locomotives
of the current move.
HD, MSFT and NVDA are the most favored now.
If this bullish seasonality
continues to play out, they are the best ways to
play this rally. The
bullish MAXCPs are not offering as much right now.
I expect the weakest stocks, and
those include TSLA and AMZN, to be
under tax selling pressure until
the end of the year. So, we should be more
selective.
|
|
| |
Charts - 12/12/2022
2022 PEERLESS DJI, Signals, Indicators Daily DJI Volume
10-DayUp/Down Vol Stoch-20 CCI RSI Pct of All Stocks above 65-dma
Inverted Traders Index
DJI-IPA DJI-OBV BOND FUNDS
NASDAQ S&P OEX NYSE DJ-15 DJ-20 DJI-30
DIA QQQ SPY IWM new -< COIN (Bit Coin ETF)
TNA Short-Term Rates Ten Year Rates PST (Short Treasuries)
DOLLAR-UUP
ALLSTOCKs
Russell-1000
Insurance-Stocks
Recent 2006 vers-Peerless signals
http://www.tigersoftware.com/NEWPEER/UPD81212.bmp
MDY - http://www.tigersoftware.com/CHARTX/MDY.GIF
USO-CrudeOil DBO FAS GLD HD IBB JETS JNUG KOL NAIL NUGT NRGU OIH
PALL RSX RETL SDS AGQ SLV SOXL TAN TECL TLT TMF TNA UGA USO
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
China: YINN
CHAU
Commodities: CANE
CORN DBC JJC, NIB CORN, CUT (paper)
MOO, NRGU
SOYB WEAT UUP (Dollar) LIT
(Lithium)
Stocks AA AAPL ADBE ALXN AMAT AMGN AMD AMZN AXP BA BABA
BAC BIDU BLDP CAT CHKP CNX CRM CVX CMG DE DIS ENPH FB FSLR
FTNT GILD GME GOOG GS HD IBM INTU JPM 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
Leveraged Short ETFs:
FAZ - financials, TZA and SRTY- small caps, MZZ - mid caps, TECS -Techs,
SOXS -
semi-conductors LABD
- Biotechs
Bullish MAXCPs http://www.tigersoftware.com/UPPING/12-12/BULLISH.htm
Bearish MINCPs http://www.tigersoftware.com/Downing/12-12/BEARISH.htm |
|
DJI - New Buy B21 despite lagging A/D Line. Bullish
seasonality is more important.
B21 here uses concept of October
oftenbeing the killer of bear markets.
 |
DIA - Closing Power has turned up at its rising 21-dma. DJI
must keep rising to
avoid the appearance of forming a head/shoulders top.
 |
| Highest Priced and Most Heavily
Weighted Stocks in DJI-30 |
UNH - 21-dma of Closing Power is falling.
 |
GS - Closing Power hooked back up, but its 21-dma is still falling.
 |
HD - Bullish rising Closing Power. Approaching 330 resistance.
 |
SP-500 - SPY
Bullish Red BUY.
SPY - Rising 21-dma of Closing Power hooked back up.
 |
NASDAQ - Very weak OBV should limit rallies.
 |
QQQ - Rising 21-dma of Closing Power has hooked back up.
Very low Relative
Strength: ITRS= -.116
 |
Five Biggest holdings of QQQ
Apple Inc. Allocation: 12.88%
Microsoft Corp. Allocation: 10.36%
GOOGLE 6.41%
Alphabet Inc Class C. Allocation:
3.25% and Alphabet Inc Class A. Allocation: 3.16%
Amazon.com Inc. Allocation: 5.17%
NVIDIA Corp. Allocation: 3.38% |
AAPL
Rising 21-dma of
Closing Power has hooked back up.
Very low Relative
Strength: ITRS= -.139
Falling 5-day ma
and 65-dma.
 |
MSFT - Rising 21-dma of Closing Power has hooked back up
 |
GOOG
 |
AMZN - Both Opening and Closing Power are falling.
- Very weak ITRS
 |
NVDA - Uptrend of Closing Power is bullishly accelerating.
 |
Table 1 - Breadth Statistics 12/12/2022
Last Chg %Chg
DJIA 34005.04 528.58 1.58%
Nasdaq 11143.74 139.12 1.26%
S&P 500 3990.56 56.18 1.43%
NYSE Latest Close Previous Close Week Ago
Issues traded 3,265 3,259 3,304
Advances 2,006 926 480
Declines 1,135 2,218 2,693
Unchanged 124 115 131
New highs 48 43 62
New lows 90 63 55
Adv. volume* 650,506,834 290,671,849 63,519,747
Decl. volume* 188,323,349 542,366,743 835,905,734
Total volume* 849,255,435 856,195,382 904,232,630
Closing Arms (TRIN)† 0.66 0.74 2.25
Block trades* 4,476 4,285 5,007
Adv. volume 2,793,564,822 1,367,914,713 311,650,361
Decl. volume 1,045,988,830 2,439,327,766 3,937,094,460
Total volume 3,904,136,311 3,888,263,390 4,280,824,911
NASDAQ Latest Close Previous Close Week Ago
Issues traded 4,834 4,810 4,884
Advances 2,679 1,654 1,189
Declines 1,876 2,863 3,468
Unchanged 279 293 227
New highs 87 68 108
New lows 294 248 168
Closing Arms (TRIN)† 0.54 0.90 0.91
Block trades 30,573 26,463 31,114
Adv. volume 3,453,719,035 1,649,364,351 1,223,770,374
Decl. volume 1,316,346,738 2,578,310,808 3,247,477,472
Total volume 4,829,996,357 4,337,449,692 4,510,035,402
|
Table 2 QUICKSILVER on ETFS - 12/12/2022 ---
Bullish = 4 FAS, RETL, SOXL, TECL
Bearish = 4 DBO, UUP (Dollar), CORN, WEAT
ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS POWER INDEX
=======================================================================================================
DIA 340.62 5.25 336.46 8.7% ------- BLUE .164 --- ------
---------------------------------------------------------------------------------------------
COMPQX 11143.74 139.12 11014.89 -43.5% ------- BLUE .045 -.132 -.087
---------------------------------------------------------------------------------------------
SPY 398.95 5.67 393.83 -8.1% ------- BLUE .146 -.069 .077
---------------------------------------------------------------------------------------------
QQQ 285.58 3.54 281.68 -36.4% ------- BLUE .096 -.117 -.021
---------------------------------------------------------------------------------------------
MDY 456.03 4.9 453.07 -26.5% ------- BLUE -.021 -.05 -.071
---------------------------------------------------------------------------------------------
IWM 180.72 2.1 180.07 -59.6% Bearish BLUE -.088 -.09 -.178
---------------------------------------------------------------------------------------------
FAS 78.37 2.81 77.01 -42.4% Bearish BLUE .099 .26 .359
---------------------------------------------------------------------------------------------
RETL 8.42 .12 8.58 -215.2% ------- BLUE .102 .186 .288
---------------------------------------------------------------------------------------------
SOXL 12.98 .66 11.72 160% ------- BLUE .115 .279 .394
---------------------------------------------------------------------------------------------
TECL 27.78 1.7 25.79 39.9% Bullish BLUE .184 .108 .292
---------------------------------------------------------------------------------------------
IBB 134.06 1.05 133.25 -53.2% ------- BLUE .045 -.039 .006
---------------------------------------------------------------------------------------------
GLD 165.68 -1.38 164.84 38.9% ------- RED .104 -.114 -.01
---------------------------------------------------------------------------------------------
DBO 14.45 .28 14.63 -252.1% Bearish BLUE -.09 -.234 -.324
---------------------------------------------------------------------------------------------
OIH 282.58 11.7 289.98 -188.9% Bearish BLUE -.007 .152 .145
---------------------------------------------------------------------------------------------
CPER 23.03 -.2 23.06 34.5% ------- ---- -.008 -.059 -.067
---------------------------------------------------------------------------------------------
TAN 79.46 .84 79.09 -153.6% ------- BLUE -.09 -.106 -.196
---------------------------------------------------------------------------------------------
UUP 28.38 .02 28.48 -14.1% ------- ---- -.203 -.244 -.447
---------------------------------------------------------------------------------------------
CORN 26.06 .32 25.55 79.9% Bullish BLUE -.167 -.222 -.389
---------------------------------------------------------------------------------------------
WEAT 7.64 .19 7.41 80% Bearish BLUE -.164 -.351 -.515
---------------------------------------------------------------------------------------------
YINN 46.57 -1.73 47.76 59.4% ------- RED .042 -.04 .002
|
TABLE 3
RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
12/12/22
Bullish = 42
Bearish = 5
---------------------------------------------------------------------------------------
Directory Current day-1 day-2 day-3 day-4 day-5
----------------------------------------------------------------------------------------
COPPER 1 1 1 1 1 1
BEVERAGE .928 1 1 1 1 1
DJI-13 .923 .846 .923 .923 .923 .923
HOMEBLDG .888 .888 .888 .888 .888 .888
BONDFUND .885 .873 .896 .908 .885 .896
INFRA .878 .878 .878 .878 .878 .909
DOWJONES .866 .833 .866 .866 .866 .866
=====
ETFS .854 .854 .854 .872 .872 .854
UTILITY .815 .842 .868 .815 .815 .736
MILITARY .807 .73 .73 .73 .769 .807
GOLD .804 .826 .847 .913 .826 .847
SP-100 .8 .755 .788 .777 .777 .8
SP500 .8 .755 .769 .731 .751 .787
=====
HIGHPRIC .793 .745 .771 .693 .689 .767
TRANSP .789 .684 .684 .736 .789 .842
FIDSTKS .775 .692 .739 .71 .727 .775
GUNS .769 .769 .769 .692 .769 .769
JETS .769 .692 .692 .769 .769 .769
INDEXES .767 .718 .745 .718 .751 .789
INSURANC .76 .72 .76 .76 .76 .72
SEMI .757 .736 .747 .673 .684 .81
NASD-100 .74 .68 .74 .68 .7 .76
=====
CHEM .739 .76 .804 .739 .782 .782
ELECTRON .729 .714 .714 .676 .676 .751
RUS-1000 .729 .685 .7 .657 .664 .728
=====
NIFTY .727 .613 .704 .568 .59 .659
BIGBANKS .714 .571 .571 .571 .571 .571
REIT .7 .684 .684 .638 .592 .684
INDMATER .694 .694 .694 .736 .736 .763
AUTO .679 .679 .716 .698 .735 .735
COAL .666 .5 .5 .5 .5 .666
EDU .666 .666 .833 .833 .833 .833
FINANCE .662 .65 .587 .587 .662 .7
COMPUTER .65 .6 .6 .6 .6 .6
RETAIL .638 .659 .723 .702 .68 .68
GAMING .631 .578 .631 .684 .631 .631
CHINA .62 .64 .64 .58 .6 .6
GREEN .611 .555 .555 .5 .555 .722
SOFTWARE .607 .589 .607 .553 .535 .553
MARIJUAN .6 .5 .6 .6 .9 1
COMODITY .564 .564 .564 .589 .589 .589
REGBANKS .56 .48 .48 .52 .56 .68
============================================================================================
HACKERS .5 .5 .5 .437 .437 .5
SOLAR .5 .437 .437 .437 .437 .812
============================================================================================
FOOD .489 .489 .489 .51 .51 .51
OILGAS .438 .361 .438 .438 .466 .59
HOSPITAL .428 .357 .428 .428 .428 .571
BIOTECH .418 .393 .424 .391 .429 .49
LOWPRICE .319 .296 .296 .282 .291 .313
|
==================================================================================
Monday -
6:15 AM - Futures:
DJI +54 NASDAQ+19 Data Used: 12/9/2022
| |
12/9/2022
DJIA 33476.46 -305.02
-0.90%
S&P 500 3934.38 -29.13
-0.73%
Nasdaq 11004.62 -77.39
-0.70%
|
|
| |
Seasonality still suggests that we should wait until after
mid-December to
buy most stocks again when the odds of a DJI rally rise to
100% over the
following four weeks and again reach 100% over the next 6
months. Seasonality
gave us the new Buy B21 in early November, too. That
could still allow
a decline for the DJI so that it achieves a 50% retracement
of its rally since
the beginning of October. But the DJI seems to refuse
to break below its
near-term support. We have to reckon with this fact.
Weakness later today could bring some breakdowns in stocks
holding
just above their support levels. There are
quite a few, but most also show
positive IP21 readings and are above their 65-dma.
Normally, that would
mean any breakdown would be false. And such may
be the case in the
bullish month of December now, but a positive IP21
(Accum. Index) did
not protect DIA, SPY or QQQ from serious declines
after price breakdowns
early in 2022. I would take any such breakdowns
seriously even now.
The new Buy B21, like other types of Buy B21s, occurred
because
of the unusual strength in October, a month known for
seeing the end of bear
markets. Presumably, the next six months are the most
bullish in the four-year
Presidential cycle because politicians turn to finding ways
to boost the economy
in preparation for the key Presidential Election year when
votes and campaign
contributions are so important.
Tell that to the FED! With inflation high, the
pressure has been on Powell and
his friends at the FOMC to slow down the economy as a way
to curb runaway
prices. The oil stocks' and big bank stocks' declines
suggests that the economy
is weakening. But not to the point where there is a
recession or a bear market,
at least, among the DJI-30 stocks which are the most
resilient and able to
handle inflation and higher interest rates. Thus, the
DJI is holding up above
a price support only 9% below its peak.
Table 1 still warns us that there are 3x more new lows than
new highs among
all NYSE and NASDAQ stocks. So, in buying now and
until year end, because
of tax loss selling, we must avoid the weakest stocks.
But the bullish MAXCPs
are not impressive right now. So, what to do?
Selling short the weakest bearish MINCPS is one answer.
Buying gold stocks
I have also suggested. But with the DJI, QQQ and SPY
ETFs each holding up
above their recent lows, we could try trading them for
another rally back to their
recent highs even before the middle of December. With
QQQ, more than 10%
weaker than the DJI, I have suggested avoiding it, and, in
fact, even shorting it
as a hedge.
On Tuesday, we see what the CPI numbers were for last
month, November.
Because of oil's sell off, I would expect the CPI to drop
markedly. That
would help explain the strength we are seeing at the
opening now. More
important will be what the FED chooses to do about the
still very high rate
of inflation. Bank stocks, better than any other
group, are sensitive to
FED changes of policies. Since GS has broken down
(See below) and JPM
shows a potential head/shoulders, I
think we have to expect the FED
to be unready to reverse its tightening policies. If
I am right, then the
DJI will be right back at the current price levels a week
from now when
buying will become seasonally attractive.
So, the only action I would take now is buy
NVDA because of the
accelerating pace up of its Closing Power. Hold
QQQ short.
I am still working on a number of minor revisions to
the Peerless software,
but they should be done on Tuesday when I post the
revised Peerless
software on the ESP page then. |
|
| |
GO TO www.tigersoftware.com/5HLM/INDEX.htm
|
|
