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

October 24, 2009

10-23-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 12:29 pm

Subscriber email sent 10-24-09:

Market Breadth: With this week’s market fractional decline, our Bull/Bear Point and Figure Ratio fell from 5.78 to 4.82, our 9th highest value on record. The total count of securities in Bullish or Bearish patterns increased by 2% to 1787. The count of Bearish stocks increased by 15%, while the count of stocks in Bullish patterns decreased by 5%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market retaining very strongly 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) decreased for the seventh time in fifteen weeks with a fall of 120 points. At +242, it has now fallen below the February 2007 and November 2006 tops.
This week the Nasdaq Composite Index ended the week in Distribution mode with two (2) Accumulation days and four (4) Distribution days. Last week it also ended in 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.) Of the other indexes, both the DOW (DIA) and the S&P (SPY) ended the week in neither Accumulation nor Distribution mode.
Momentum: Again this week the Daily CCI(20) gave a Zero Line Reject just above +70. We continue to wait for a ZLR signal in the +/-50 range.
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 has now been above zero for thirty-one weeks, and began an uptrend twenty-five weeks ago. The Daily CCI(20) began an uptrend thirteen weeks ago.
The CCI(20) continues just above 100, out of range for an entry point.
Industry Rotation the last two weeks: All the top five industries are positive and all of the bottom five industries are negative. Bullish: Computer Tech (XCI), S&P Retail (RLX) and INternet-IW (IIX) have entered the top five. Oil (WTIC) has left the top five. Bearish:  Brokers (XBD), Semis (SOX), and Disk Drives (DDX) have entered the bottom five. Oil (XOI) and Oil Services (OSX) have entered the top five.

Subscribe directly to Sand 2 Pirls Market Commentary directly here (free).

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.
© 2004 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

October 18, 2009

10-16-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 7:26 am
Subscriber email sent 10-18-09:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 4.97 to 5.78, our 2nd highest value on record. The total count of securities in Bullish or Bearish patterns increased by 14% to 1818. The count of Bearish stocks was rose fractionally, while the count of stocks in Bullish patterns increased by 17%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market rising again after a recent pull back, very strongly bullish again. 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) increased for the eighth time in fourteen weeks with a rise of 35 points. At +362, it continues just above the February 2007 and November 2006 tops.
This week the Nasdaq Composite Index ended the week in Distribution mode but with four (4) Accumulation days and two (1) Distribution day. Last week it 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.) Of the other indexes the DOW (DIA) ended the week in Distribution mode while the S&P (SPY) ended in neither Accumulation nor Distribution mode.
Momentum: This week the Daily CCI(20) gave a Zero Line Reject at about +75. We continue to wait for a ZLR signal in the +/-50 range.
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 has now been above zero for thirty weeks, and began an uptrend twenty-four weeks ago. The Daily CCI(20) began an uptrend twelve weeks ago.
The CCI(20) continues just above 100, out of range for an entry point.
Industry Rotation the last two weeks: All the top five industries are positive and four of the bottom five industries are negative. Bullish: Gold & Silver (XAU) has left the top five. REITs (DJR) have left the bottom five. Semis (SOX) has left the bottom five.  Bearish: Oil (WTIC) is in the top five. Brokers (XBD) has left the top five.

Subscribe directly to Sand 2 Pirls Market Commentary directly here (free).

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.
© 2004 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

October 11, 2009

10-9-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 6:03 am
Subscriber email sent 10-11-09:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 3.34 to 4.97. The total count of securities in Bullish or Bearish patterns increased by 9% to 1594. The count of Bearish stocks decreased by 21%, while the count of stocks in Bullish patterns increased by 18%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market rising again after a recent pull back, and gaining back 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) decreased for the sixth time in thirteen weeks with a fall of 35 points. At +327, it continues just above February 2007 top, and below the November 2006 top.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode but with a total two (2) Accumulation days and two (2) Distribution days. Last week it alseo 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.) Of the other indexes both DOW (DIA) and the S&P (SPY) ended the week in neither Accumulation nor Distribution mode.
Momentum: After last weeks failed Zero Line Reject (ZLR), the CCI(20) Daily reversed with less than 6 days below zero, avoiding a change of trend, but the pivot was below -50. We wait for a ZLR signal in the +/-50 range.
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 has now been above zero for twenty-nine weeks, and began an uptrend twenty-two weeks ago. The Daily CCI(20) began an uptrend eleven weeks ago.
Twelve weeks ago the CCI(20) reversed upward before entering the +/-50 range required for a ZLR entry point. It currently continues just above 100, out of range for an entry point.
Industry Rotation the last two weeks: All the top five industries are positive and all the bottom five industries are negative. Bullish: Brokers (XBD) remains in the top five. Disk Drives (DDX) have left the bottom five.  Bearish: Gold & Silver (XAU) leads the top five. REITs (DJR) remain in the bottom five. Semis (SOX) has entered the bottom five.
Focus this week: The recent global attack on the dollar is in the mainstream news. Read the Yahoo New Politico story. The dollar is already weak. When compared to gold and silver, the dollar has been declining all year as the performance chart below shows.
For excellent insider information on a likely the cause of the attack on the dollar, watch/listen to this internet radio interview of Max Keiser, independent American financial expert living in Paris.
Play the YouTube clip.

Subscribe directly to Sand 2 Pirls Market Commentary directly here (free).

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.
© 2004 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

October 5, 2009

10-2-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 4:39 am
Subscriber email sent 10-5-09 (pre-open):

Market Breadth: With this week’s market decline, our Bull/Bear Point and Figure Ratio fell from 5.39 to 3.34. The total count of securities in Bullish or Bearish patterns decreased by 17% to 1432. The count of Bearish stocks increased by 23%, while the count of stocks in Bullish patterns decreased by 24%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market currently pulling back, but otherwise continuing its ever higher rebound into 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) decreased for the fifth time in twelve weeks with a fall of 177 points. At +362, it continues above February 2007 top, but has now dropped below the November 2006 top.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode but with a total two (2) Accumulation days and three (3) Distribution days. Last week it 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.) Of the other indexes both DOW (DIA) and the S&P (SPY) ended the week in Distribution mode.
Momentum: An up day for the CCI(20) on Monday 9/28 gave us a Zero Line Reject (ZLR) Long entry signal for Tuesday’s open. At Thursday 10/1 close, the CCI(20) dropped below our ZLR pivot, giving us an exit point for Friday’s open. The trade resulted in a loss of 90.83 points on the Nasdaq Composite or $1.69 per share of QQQQ.
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 has now been above zero for twenty-eight weeks, and began an uptrend twenty-one weeks ago. The Daily CCI(20) began an uptrend ten weeks ago.
Eleven weeks ago the CCI(20) reversed upward before entering the +/-50 range required for a ZLR entry point. It currently continues just below 100, out of range for an entry point.
Industry Rotation the last two weeks: All the top five and bottom five industries are negative. Bullish: Computer Hardware (HWI), Computer Tech (XCI), and Brokers (XBD) have entered the top five. Bearish: Gold & Silver (XAU) has left the bottom five. Networkers (NWX) and Internet Interactive Week have left the top five. Disk Drives (DDX) remain in the bottom five. REITs (DJR) and Disk Drives (DDX) have entered the bottom five.
Focus this week: http://www.zerohedge.com/article/smoking-gun-fed-controlling-gold

Surprise, surprise. It turns out that the price of gold has been secretly artificially suppressed since shortly after Nixon took the U.S. dollar off the gold standard in 1971. In a long term plan by the private Federal Reserve, the U.S. arm of the international banking cartel, the Fed’s international secret agreements undervalued gold and artificially inflated the dollar. It doesn’t take a genius to figure out that the global banksters have been buying up gold at bargain prices for decades so that when they collapsed the world’s fiat economies by design, they had the market on hard assets cornered to make their global agenda possible.

Subscribe directly to Sand 2 Pirls Market Commentary directly here (free).

–Donald Pirl www.s2pmarketsignal.com

S2P Market Signal Commentary may be freely forwarded and otherwise distributed providing content is unchanged and authorship acknowledged.
© 2004 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

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