May 19, 2013

5-17-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 4:02 pm

Market Breadth: With this past week’s market rise, our Bull/Bear Point and Figure Ratio rose from 2.10 to 2.39, advancing further to strongly bullish territory. The total count of securities in bullish or bearish patterns increased 5% to 2441. The count of bearish stocks decreased 4%, while the count of stocks in bullish patterns increased 9%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now twenty-four consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the NASDAQ McClellan Summation Index (NASI) rose 166 points for the eighteenth rise in thirty-four weeks. At a positive 609.67 points, it remains above the September 2012 top, yet continues below the February 2013 top, the September 2012 top, the February 2012 top, the November 2010 top, and the January 2011 top, yet is above above the November 2011 top, the July 2012 top, the June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom.

Market Gauge Volume Analysis
In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had six (6) Accumulation days and zero (0) Distribution days. Of the other indexes, the S&P 500 Deposit Receipts ended in Accumulation mode, while the Diamonds Trust ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Last week the Russell 200 also ended in Accumulation mode.

Momentum: With the CCI(20) daily at 117.25, we continue outside the +/-50 range for a valid ZLR (Zero Line Reject) Long entry signal.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend fourteen weeks ago, while the Daily CCI(20) began a Woodie’s up trend nine weeks ago.

The CCI(20) weekly now has 20 weeks above zero and began a Woodie’s up trend 14 weeks ago. At 230.64 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and only one of the bottom five industries are negative. Bullish: Brokers and Networkers continue in the top five with Networkers now leading. Banks has entered the top five. Gold and Silver PHLX continues in and now leads the bottom five. Bearish: Disk Drives has entered the bottom five. Semis PHLX and Computer Hardware have left the top five.

Focus this week: As the meltdown in Washington and beyond continues, some ask "Are we on the threshold of the promised land?" Will the financial power truly be returned to the people? Even if important victory has been won, there is no doubt we will need to be ever vigilant. POOF for May 19, 2013: The Promised Land

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.

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May 12, 2013

5-10-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 12:38 pm

Subscriber email sent 5-10-13:

Market Breadth: With this past week’s market rise, our Bull/Bear Point and Figure Ratio rose from 1.73 to 2.10, back in strongly bullish territory. The total count of securities in bullish or bearish patterns increased 3% to 2324. The count of bearish stocks decreased 9%, while the count of stocks in bullish patterns increased 11%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now twenty-three consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the NASDAQ McClellan Summation Index (NASI) rose 209 points for the seventeenth rise in thirty-three weeks. At a positive 443.26 points, it has risen above the September 2012 top, yet remains below the February 2013 top, the September 2012 top, the February 2012 top, the November 2010 top, and the January 2011 top, yet above above the November 2011 top, the July 2012 top, the June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom.

Market Gauge Volume Analysis
In this week’s volume analysis the Russell 2000 ended in Accumulation mode. In the last two weeks it had three (3) Accumulation days and two (2) Distribution days. Of the other indexes, the S&P 500 Deposit Receipts ended in neither Accumulation nor Distribution mode, while the Diamonds Trust ended in Accumulation mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Last week the Russell 200 ended in neither Accumulation nor Distribution mode.

Momentum: With the CCI(20) daily at 130.55, we continue outside the +/-50 range for a valid ZLR (Zero Line Reject) Long entry signal.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend thirteen weeks ago, while the Daily CCI(20) began a Woodie’s up trend eight weeks ago.

The CCI(20) weekly now has 19 weeks above zero and began a Woodie’s up trend 13 weeks ago. At 208.52 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and two of the bottom five industries are negative. Bullish: Computer Hardware (HWI) remains in the top five. Brokers, Networkers, and Semis PHLX have entered the top five. Gold and Silver PHLX has entered the bottom five. Bearish: Disk Drives (DDX) has left the top five.

Focus this week: Silver looks like a good buy now as this 2% 3 box Reversal Point & Figure Chart shows.

–Donald Pirl www.s2pmarketsignal.com

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May 5, 2013

5-3-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 12:54 pm

Subscriber email sent 5-5-13:

Market Breadth: With this past week’s market rise, our Bull/Bear Point and Figure Ratio rose from 1.42 to 1.73, regaining more bullish territory. The total count of securities in bullish or bearish patterns decreased 4% to 2249. The count of bearish stocks decreased 8%, while the count of stocks in bullish patterns increased 12%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now twenty-two consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the NASDAQ McClellan Summation Index (NASI) rose 117 points for the sixteenth rise in thirty-two weeks. At a positive 234.17 points, it has risen above the November 2011 top, but remains below the February 2013 top, the September 2012 top, the February 2012 top, the November 2010 top, and the January 2011 top, yet above the July 2012 top, the June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom.

Market Gauge Volume Analysis
In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had zero (0) Accumulation days and four (4) Distribution days. Of the other indexes, both the S&P 500 Deposit Receipts and the Diamonds Trust ended in Accumulation mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Last week the Russell 200 also ended in neither Accumulation nor Distribution mode.

Momentum: With the CCI(20) daily at 185.77, we continue outside the +/-50 range for a valid ZLR (Zero Line Reject) Long entry signal.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend twelve weeks ago, while the Daily CCI(20) began a Woodie’s up trend seven weeks ago.

The CCI(20) weekly now has 18 weeks above zero and began a Woodie’s up trend 12 weeks ago. At 171.12 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and three of the bottom five industries are negative. Bullish: Disk Drives (DDX) remains in and leads the top five. Computer Hardware (HWI) has entered the top five. Networkers (NWX), Computer Tech (XCI),and Internet-IW have left the bottom five. Oil (XOI) has left the top five. Bearish: Banks (BKX) has left the top five. Oil Services (OSX) has entered the top five.

Focus this week: The Financial Press–A Disinformation Machine — Paul Craig Roberts

In America everything is hype for a buck. They will sell you any lie. And the bulk of the population, of course, can be counted on for falling for every lie.

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.

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April 28, 2013

4-26-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 11:39 am

Subscriber email sent 4-28-13:

Market Breadth: With this past week’s market rise, our Bull/Bear Point and Figure Ratio rose from 1.09 to 1.42, regaining bullish territory. The total count of securities in bullish or bearish patterns decreased 3% to 2162. The count of bearish stocks decreased 16%, while the count of stocks in bullish patterns increased 10%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now twenty-one consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the NASDAQ McClellan Summation Index (NASI) rose 34 points for the fifteenth rise in thirty-one weeks. At a positive 117.12 points, it remians below the November 2011 top, the February 2013 top, the September 2012 top, the February 2012 top, the November 2010 top, and the January 2011 top, yet above the July 2012 top, the June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom.

Market Gauge Volume Analysis
In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had one (1) Accumulation days and four (4) Distribution days. Of the other indexes, the S&P 500 Deposit Receipts ended in Accumulation mode while the Diamonds Trust ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Last week the Russell 200 also ended in neither Accumulation nor Distribution mode.

Momentum: We had 4 days of the CCI(20) below zero, and at 80.57 are now outside the +/-50 range for a valid ZLR (Zero Line Reject) Long entry signal.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend eleven weeks ago, while the Daily CCI(20) began a Woodie’s up trend six weeks ago.

The CCI(20) weekly now has 17 weeks above zero and began a Woodie’s up trend 11 weeks ago. At 96.51 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and only one of the bottom five industries are negative. Bullish: Disk Drives (DDX) has entered the top five. Banks (BKX) has entered the top five. Bearish: Computer Hardware (HWI) remains in the bottom five. Networkers (NWX) and Computer Tech (XCI) have re-entered the bottom five. Computer Hardware (HWI) and Internet-IW have entered the bottom five. Oil (XOI) has entered the top five. REITs (DJR) has left the top five five. Gold & Silver (XAU) has left the bottom five.

Focus this week: Our featured article this week is from The Rolling Stone…

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix.

Illustration by Victor Juhasz

By Matt Taibbi April 25, 2013 1:00 PM ET

–Donald Pirl www.s2pmarketsignal.com

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April 21, 2013

4-19-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 7:45 pm

Subscriber email sent 4-21-13:

Market Breadth: With this past week’s market decline, our Bull/Bear Point and Figure Ratio fell from 1.76 to 1.09, still in bullish territory. The total count of securities in bullish or bearish patterns decreased 4% to 2218. The count of bearish stocks increased 27%, while the count of stocks in bullish patterns decreased 21%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now twenty consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the NASDAQ McClellan Summation Index (NASI) fell 192 points for the sixteenth decline in thirty weeks. At a positive 82.99 points, it has now dropped below the November 2011 top, and remains below the February 2013 top, the September 2012 top, the February 2012 top, the November 2010 top, and the January 2011 top, yet above the July 2012 top, the June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom.

Market Gauge Volume Analysis
In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had one (1) Accumulation days and five (5) Distribution days. Of the other indexes, both the S&P 500 Deposit Receipts and the Diamonds Trust ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Last week the Russell 200 also ended in neither Accumulation nor Distribution mode.

Momentum: The previous week, the Woodie’s trend didn’t change because we only had 5 days below zero. This week we got a dramatic Shamu down counter-trend signal, but we don’t take counter-trend trades in this Woodie’s beginner trade simulation. We currently have 3 days of the CCI(20) below zero.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend ten weeks ago, while the Daily CCI(20) began a Woodie’s up trend five weeks ago.

The CCI(20) weekly now has 16 weeks above zero and began a Woodie’s up trend 10 weeks ago. At 61.45 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and all of the bottom five industries are negative. Bullish: REITs (DJR) remain in the top five. Gold & Silver (XAU) remain in the bottom five. Networkers (NWX) and Computer Tech (XCI) have left the bottom five. Bearish: Disk Drives (DDX) remains in the bottom five. Computer Hardware (HWI) has entered the bottom five.

Focus this week: Like us, maybe you were wondering who sold all that gold. One answer is presented by Tyler Durden at www.zerohedge.com. So Who Sold All That Gold? – JPM’s Own Version. After reading, you might be just as convinced of a massive sell off as he is. (NOT).

–Donald Pirl www.s2pmarketsignal.com

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April 14, 2013

4-12-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 5:40 pm

Subscriber email sent 4-14-13:

Market Breadth: With this past week’s market advance, our Bull/Bear Point and Figure Ratio rose from 1.51 to 1.76, regaining some lost bullish territory. The total count of securities in bullish or bearish patterns decreased fractionally to 2305. The count of bearish stocks decreased 9%, while the count of stocks in bullish patterns increased 7%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now fifteen consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) fell 72 points for the fifteenth decline in twenty-nine weeks. At a positive 275.33 points, it remain below the September 2012 top, below the February 2013 top, yet above the November 2010 top, the January 2011 top, the November 2011 top, the November 2011 top, the July 2012 top, June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom, and below the February 2012 top.

Market Gauge Volume Analysis
In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had two (2) Accumulation days and four (4) Distribution days. Of the other indexes, both the S&P 500 Deposit Receipts and the Diamonds Trust ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.)

Momentum: The CCI(20) daily fell dramatically last week, but had only 5 days below zero before rebounding dramatically with no signal given and no change of the Woodie’s CCI up trend..

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend nine weeks ago, while the Daily CCI(20) began a Woodie’s up trend four weeks ago.

The CCI(20) weekly now has 15 weeks above zero and began a Woodie’s up trend 9 weeks ago. At 107.33 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and all of the bottom five industries are negative. Bullish: Brokers (XBD) has entered and leads the top five. REITs (DJR) remains in the top five. S&P Retail (RLX) has entered the top five. Gold & Silver (XAU) remains in and now leads the bottom five. Oil (XOI) has entered the bottom five. Networkers (NWX) and Computer Tech (XCI) have left the bottom five. Bearish: Disk Drives (DDX) remains in the bottom five.

Focus this week: This week Paul Craig Roberts blog exposes that the Federal Reserve is pushing down the price of gold, and more. Assault On Gold Update — Paul Craig Roberts

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.

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April 7, 2013

4-5-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 11:28 am

Subscriber email sent 4-7-13:

Market Breadth: With this past week’s market advance, our Bull/Bear Point and Figure Ratio fell from 2.19 to 1.51, still in bullish territory. The total count of securities in bullish or bearish patterns decreased 6% to 2294. The count of bearish stocks increased 20%, while the count of stocks in bullish patterns decreased 17%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now fourteen consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) fell 199 points for the fourteenth decline in twenty-eight weeks. At a positive 346.97 points, it has now dropped below the September 2012 top, and remains below the February 2013 top, yet above the November 2010 top, the January 2011 top, the November 2011 top, the November 2011 top, the July 2012 top, June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom, and below the February 2012 top.

Market Gauge Volume Analysis was not available this week.

Momentum: From our ZLR Long signal at Friday 3/22 close, the CCI(20) continued upwards the following week, and then dropped below +100 at Monday 4/1 close, our exit signal. The result of this trade simulation was a gain of 12.78 points on the Nasdaq Composite Index or $0.21 per share of QQQ.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend eight weeks ago, while the Daily CCI(20) began a Woodie’s up trend three weeks ago.

The CCI(20) weekly now has 14 weeks above zero and began a Woodie’s up trend 8 weeks ago. At 73.80 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and all of the bottom five industries are negative. Bullish: REITs (DJR) has entered the top five. Gold & Silver (XAU) has entered the bottom five. , Brokers (XBD), and Banks (BKX) have left the bottom five. Bearish: Disk Drives (DDX) and Networkers (NWX) remain in the bottom five. Computer Tech (XCI) has entered the bottom five.

Focus this week: Paul Craig Roberts has some words of wisdom about the end result of the current suppression of gold prices. The Assault On Gold — Paul Craig Roberts.
"For Americans, financial and economic Armageddon might be close at hand. The evidence for this conclusion is the concerted effort by the Federal Reserve and its dependent financial institutions to scare people away from gold and silver by driving down their prices."
"By its obvious and concerted attack on gold and silver, the US government could not give any clearer warning that trouble is approaching."

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.

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March 31, 2013

3-29-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 11:48 am

Subscriber email sent 3-31-13:

Market Breadth: With this past week’s market advance, our Bull/Bear Point and Figure Ratio fell from 2.31 to 2.19, still in strongly bullish territory. The total count of securities in bullish or bearish patterns increased 2% to 2428. The count of bearish stocks increased 5%, while the count of stocks in bullish patterns decreased less than 1%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now fourteen consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) fell 27 points for the thirteenth decline in twenty-seven weeks. At a positive 545.59 points, it remains below the recent February 2013 top, yet above the November 2010 top, the January 2011 top, the November 2011 top, the September 2012 top, November 2011 top, the July 2012 top, June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom, and below the February 2012 top.

Market Gauge Volume Analysis was not available this week.

Momentum: From our ZLR Long signal at Friday 3/22 close, the CCI(20) continued upwards for the week and is now above 100. We will continue to follow the results of this trade simulation in next weeks commentary.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend seven weeks ago, while the Daily CCI(20) began a Woodie’s up trend two weeks ago.

The CCI(20) weekly now has 13 weeks above zero and began a Woodie’s up trend 6 weeks ago. At 104.33 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and all of the bottom five industries are negative. Bullish: Internet IW (IIX) has left the bottom five. Gold & Silver (XAU) has left the top five. Bearish: Disk Drives (DDX), Networkers (NWX), Brokers (XBD), and Banks (BKX) have entered the bottom five. Oil Services (OSX) has left the bottom five.

Focus this week: Was the confiscation of depositors’ funds in Cyprus banks a unique event or a harbinger of things to come? Ellen Brown, author of Web of Debt has some telling information in her article this week It Can Happen Here: The Bank Confiscation Scheme for US and UK Depositors.

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.

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March 24, 2013

2-22-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 1:28 pm

Subscriber email sent 3-24-13:

Market Breadth: With this past week’s market advance, our Bull/Bear Point and Figure Ratio fell from 2.48 to 2.31, still within strongly bullish territory. The total count of securities in bullish or bearish patterns decreased 2% to 2392. The count of bearish stocks increased 3%, while the count of stocks in bullish patterns decreased 4%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now thirteen consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) fell 41 points for the twelfth decline in twenty-six weeks. At a positive 372.99 points, it has fall below the recent February 2013 top, yet remains above the November 2010 top, the January 2011 top, the November 2011 top, the September 2012 top, November 2011 top, the July 2012 top, June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom, but remains below the February 2012 top.

Market Gauge Volume Analysis was not available this week.

Momentum: The CCI(20) fell within the +/-50 range for a valid ZLR (Zero Line Reject), then presented a ZLR Long signal at Friday 3/22 close. We will follow the results of this trade simulation in next weeks commentary.

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend six weeks ago, while the Daily CCI(20) began a Woodie’s up trend one week ago.

The CCI(20) weekly now has 12 weeks above zero and began a Woodie’s up trend five weeks ago. At 101.25 it continues outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are positive, and all of the bottom five industries are negative. Bullish: Computer Hardware (HWI) remains in the top five. Oil Services (OSX) has entered the bottom five. S&P Retail (RLX) and REITs (DJR) have left the bottom five. Bearish: Internet IW (IIX) remains in the bottom five. Gold & Silver (XAU) has entered the top five. Disk Drives (DDX) has left the top five.

Focus this week: As reported by www.Amateur-Investor.net , both Obama and Boehner said this week that the U.S. doesn’t have a debt problem. What do you think?

–Donald Pirl www.s2pmarketsignal.com

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March 17, 2013

3-15-13 Market Commentary

Filed under: Market Commentary — dlpirl @ 1:36 pm

Subscriber email sent 3-17-13:

Market Breadth: With this past week’s market advance, our Bull/Bear Point and Figure Ratio rose from 2.15 to 2.48, advancing further within strongly bullish territory. The total count of securities in bullish or bearish patterns increased 2% to 2439. The count of bearish stocks decreased 8%, while the count of stocks in bullish patterns increased 7%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now twelve consecutive weeks in bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.

The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) rose 101 points for the fourteenth rise in twenty-five weeks. At a positive 614.28 points, it has broken above the February 2013 top, and remains above the November 2010 top, the January 2011 top, the November 2011 top, the September 2012 top, November 2011 top, the July 2012 top, June 2010 bottom, the March 2011 bottom, the June 2011 bottom, the August 2011 bottom, the December 2011 bottom, the March 2012 bottom, and the November 2012 bottom, but remains below the February 2012 top.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had four (4) Accumulation days and zero (0) Distribution days. Of the other indexes, both the S&P 500 Deposit Receipts and the Diamonds Trust ended in Accumulation mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Last week, the Russell 2000 ended the week in Accumulation mode.

Momentum: As expected at Monday 3/11 close, the CCI(20) Daily had 6 days above zero to begin a Woodie’s up trend. At 92.90 it is currently outside the range for a valid ZLR (Zero Line Reject).

In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a Woodie’s up trend five weeks ago, while the Daily CCI(20) began a Woodie’s up trend this past week.

The CCI(20) weekly now has 11 weeks above zero and began a Woodie’s up trend four weeks ago. At 119.93 it is outside the +/-50 range for a valid ZLR signal.

Industry Rotation the last two weeks: All of the top five industries are fractionally positive, and only two of the bottom five industries is negative. Bullish: Disk Drives (DDX), and Computer Hardware (HWI) have entered the top five. Bearish: S&P Retail (RLX) and Internet IW (IIX) have entered the bottom five. REITs (DJR) remains in the bottom five. Banks (BKX) and S&P Retail (RLX) have left the top five. Gold & Silver (XAU) has left the bottom five. Oil Services (OSX) has left the bottom five.

Focus this week: "We are transitioning from a society where we are skillfully manipulated by lies and illusions to one where we are overtly controlled." So says a very informative and deeply philosophical article "An Orwellian America" from "Tyler Durden" at www.ZeroHedge.com

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.

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Sand 2 Pirls Market Commentary a weekly technical stock market overview featuring our custom Bull/Bear P&F ratio

May 19, 2013

May 12, 2013

May 5, 2013

April 28, 2013

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix.

April 21, 2013

April 14, 2013

April 7, 2013

March 31, 2013

March 24, 2013

March 17, 2013