NEW HOTLINE 2-23-2023 Tiger Software (C) 2023
.
http://www.tigersoftware.com/SAGE22/INDEX.htm
EMAIL us at either wm_tigersoft@yahoo.com or william_schmidt@hotmail.com
==============================================================
New Free Book - Trading SPY with Tigersoft: 1989-2023
http://tigersoftware.com/SPY-book/INDEX.htm
The charts' comments will be expanded more and more over the
next few weeks. I'm hoping that they will show how to use our most
important indicators in conjuntion with the Peerless signals and
the actions by the FED.
The Hotline will be moving to a new location on
Friday
morning.
Please look for the new address in your emails on Wednesday.
If you have changed your email address or do not get our email, please
let me know at william_schmidt@hotmail.com
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, please. 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 Software
updates are $695 for a year.
==============================================================
Previous Hotlines: www.tigersoftware.com/dante43/INDEX.htm
www.tigersoftware.com/5HLM/INDEX.htm
===================================================================================
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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. 35000 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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||
|
||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 35000 and 33100. Without any new automatic Sells, the lower 3% band should act as good support. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table 1 - Volume and Breadth Statistics
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 2RANKING 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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
2/1/2023 DJIA 34092.96 +.002% S&P 500 4119.21 + 1.05% NASDAQ 11816.32 + 2.00% |
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table 2Table 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. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Table 2Table 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
|
|||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 |
||||||||||||||
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
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 Indicators1-24-2023 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 Statistics1/19/2023 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 11/18/2023 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: |
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 3RANKING 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: |
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: |
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: |
Table 11/11/2023 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: |
||
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.
|
|||
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 11/9/2023 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 Statistics1/6/2023 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 Statistics1/5/2023 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 Statistics1/4/2023 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 StatisticsNYSE 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 Statistics12-29-22 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 12-28-22 DJIA 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
12-27-22Last 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 |
Table 1 - Breadth Statistics12-23-22 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 Statistics12/22/2022 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 Statistics12/21/2022 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 Statistics11/20/2022 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
|
|||
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 Statistics12/15/2022 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 Statistics12/13/2022 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 2Table 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 3RANKING 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.
|
||
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 Statistics12/12/2022 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 |