November « 2009 « Sand 2 Pirls Market Commentary

November 28, 2009

11-27-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 2:47 pm

Market Breadth: With this week’s fractional market decline, our Bull/Bear Point and Figure Ratio fell from 2.42 to 2.21. The total count of securities in Bullish or Bearish patterns decreased by 3% to 1469. The count of Bearish stocks increased by 4%, 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 holding its bullish strength. 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 eleventh time in twenty weeks with a rise of 31 points. At -341, it continues below the June 2008 and September 2008 tops as well as the October 2007 top and the July 2009 bottom.

This week the Nasdaq Composite Index again ended the week in neither Accumulation nor Distribution mode with one (1) Accumulation days and four (4) Distribution days in the last two weeks. Last week it also 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, and the DOW (DIA) ended the week in Distribution mode while the S&P (SPY) ended in neither Accumulation nor Distribution mode.

Momentum: At Monday 11/23 close the CCI(20) confirmed a Zero Line Reject (ZLR) Long entry signal in the +/-50 range. At Friday 11/27 close the CCI(20) dropped below the ZLR pivot point giving our trade an exit signal. The trade result will be determined at Monday 11/30 open.

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-six weeks, and began an uptrend thirty weeks ago. The Daily CCI(20) began an up trend two weeks ago.

The weekly CCI(20) continues near +100. We continue to await a ZLR in the +/-50 range.

Industry Rotation the last two weeks: Three of the top five industries are positive and all the bottom five are negative. Bullish: Gold and Silver (XAU) has left the top five. Oil Services (OSX) remains in the bottom five. Bearish: Brokers (XBD) remains in the bottom five. Networkers (NWX), REITs (DJR) and Disk Drives (DDX) have entered the bottom five. Oil (XOI) has left the bottom five.

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–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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November 21, 2009

11-20-2009 Market Commentary

Filed under: Market Commentary — dlpirl @ 5:02 pm

Subscriber email sent 11-21-09:

Market Breadth: With this week’s 1% market decline, our Bull/Bear Point and Figure Ratio rose from 2.16 to 2.42. The total count of securities in Bullish or Bearish patterns increased by 8% to 1513. The count of Bearish stocks decreased by less than 1%, while the count of stocks in Bullish patterns increased by 12%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market increasing in bullish strength. 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 nineth time in nineteen weeks with a rise of 32 points. At -311, it continues below the June 2008 and September 2008 tops as well as the October 2007 top and the July 2009 bottom.

This week the Nasdaq Composite Index again ended the week in neither Accumulation nor Distribution mode with two (2) Accumulation days and three (3) Distribution days in the last two weeks. Last week it also 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 the S&P (SPY) and the DOW (DIA) ended the week in neither Accumulation nor Distribution mode.

Momentum: On Monday 11/16 the CCI(20) had 6 days above zero, putting it into a Woodie’s Long trend. The CCI(20) is now ready for a ZLR Long entry signal pivot in the +/-50 range. An up day Monday 11/23 could do it.

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-five weeks, and began an uptrend twenty-nine weeks ago. The Daily CCI(20) began an up trend this week.

The weekly CCI(20) continues near +100. We continue to await a ZLR in the +/-50 range.

Industry Rotation the last two weeks: All the top five industries are positive and all the bottom five are negative. Bullish: Oil (XOI) remains in the bottom five. Oil Services (OSX) has entered the bottom five. Banks (BKX) have left the bottom five. Bearish: Gold and Silver (XAU) remains in the top five. Brokers (XBD) has entered the bottom 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.

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November 15, 2009

11-13-2009 Market Commentary

Filed under: Market Commentary — dlpirl @ 8:30 pm

Subscriber email sent 11-15-09:

Market Breadth: With this week’s 3% market rise, our Bull/Bear Point and Figure Ratio rose from 1.57 to 2.16. The total count of securities in Bullish or Bearish patterns increased by 8% to 1401. The count of Bearish stocks decreased by 12%, while the count of stocks in Bullish patterns increased by 21%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market again increasing in bullish strength. 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 tenth time in eighteen weeks with a fall of 5 points. At -343, it continues below the June 2008 and September 2008 tops as well as the October 2007 top and the July 2009 bottom.

This week the Nasdaq Composite Index again ended the week in neither Accumulation nor Distribution mode with two (2) Accumulation days and three (3) Distribution days in the last two weeks. Last week it also 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 the S&P (SPY) ended the week in Accumulation mode with the DOW (DIA) ended the week in neither Accumulation nor Distribution mode.

Momentum: At Tuesday 11/3 close, the CCI(20) had six days below zero putting our the daily CCI(20) into a Short trend. However, at Monday 11/16 we will likely have 6 days of the CCI(20) above zero without a ZLR (Zero Line Reject) Short entry signal, and we will then be waiting for a ZLR Long entry 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-four weeks, and began an uptrend twenty-eight weeks ago. The Daily CCI(20) began a down trend one week ago.

Last week, the CCI(20) fell to 56.41 too high for a ZLR pivot, so we continue to await a ZLR in the +/- 50 range.

Industry Rotation the last two weeks: All the top five and bottom five industries are positive. Bullish: Semis (SOX), Disk Drives (DDX), and REITs (DJR) have left the bottom five. Oil (XOI) has entered the bottom five. Bearish: Gold and Silver (XAU) leads the top five. Banks (BKX) are in the bottom 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.

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November 8, 2009

11-6-2009 Market Commentary

Filed under: Market Commentary — dlpirl @ 4:37 pm

Subscriber email sent 11-8-09:

Market Breadth: With this week’s 3% market rise, our Bull/Bear Point and Figure Ratio rose slightly from 1.46 to 1.57. The total count of securities in Bullish or Bearish patterns decreased by 5% to 1297. The count of Bearish stocks decreased by 9%, while the count of stocks in Bullish patterns decreased by 2%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market no longer strongly bullish. 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 nineth time in seventeen weeks with a fall of 205 points. At -337, it has now fallen below the June 2008 and September 2008 tops as well as the October 2007 top and as previously noted has broken through the July 2009 bottom.

This week the Nasdaq Composite Index again ended the week in neither Accumulation nor Distribution mode with one (1) Accumulation day and five (5) Distribution days in the last two weeks. Last week it 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 Accumulation mode.

Momentum: At Tuesday 11/3 close, the CCI(20) had six days below zero putting our the daily CCI(20) into a Short trend. We now wait for a ZLR (Zero Line Reject) entry signal within 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-three weeks, and began an uptrend twenty-seven weeks ago. The Daily CCI(20) began a down trend this past week.

The CCI(20) continues just above 50 (56.41), 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 negative. Bullish: None. Bearish: Semis (SOX), Disk Drives (DDX), Banks (BKX), and REITs (DJR) have entered the bottom five. Computer Tech (XCI), S&P Retail (RLX), REITs (DJR), and Computer Hardware (HWI) have left the top five. Gold and Silver (XAU) has left the bottom five and entered the top five. Oil Services (OSX) has left the bottom five.

Focus this week: Here is an important alternative (non MSM) financial news article.
A New System For The Privleged Is Not A Remedy For The Economy by Bob Chapman

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.

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November 1, 2009

10-30-2009 Market Commentary

Filed under: Market Commentary — dlpirl @ 4:10 pm

Subscriber email sent 11-1-09:

Market Breadth: With this week’s 5% market decline, our Bull/Bear Point and Figure Ratio fell from 4.82 to 1.46, our 6th largest change on record. The total count of securities in Bullish or Bearish patterns decreased by 24% to 1363. The count of Bearish stocks increased by 80%, while the count of stocks in Bullish patterns decreased by 45%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market no longer strongly bullish. 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 eighth time in sixteen weeks with a fall of 132 points. At -132, it has now fallen below the October 2007 top as well as broken through the July 2009 bottom.

This week the Nasdaq Composite Index again ended the week in Distribution mode with zero (0) Accumulation days and seven (7) Distribution days in the last two weeks. 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 Distribution mode.

Momentum: This week the Daily CCI(20) dropped below -100 without giving a Long entry signal. We have four days CCI(20) below zero. Six will give us a change of trend in Woodies CCI trading system.

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-two weeks, and began an uptrend twenty-six weeks ago. The Daily CCI(20) began an uptrend fifteen weeks ago, and appears to be ready to change to a down trend this week.

The CCI(20) continues above 50, 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 Tech (XCI) and S&P Retail (RLX) remain in the top five. REITs (DJR) and Computer Hardware (HWI) have entered the top five. Gold and Silver (XAU) and Oil Services (OSX) have entered the bottom five. Brokers (XBD), Semis (SOX), and Disk Drives (DDX) have left the bottom five. Oil (XOI) and Oil Services (OSX) have left the top five. Bearish: Internet-IW (IIX) has left the top five.

Focus this week: Here are links to some alternative (non MSM) financial news.
Facing A Total Breakdown Of Financial Markets – Bob Chapman
Gold Market Reaching The Breaking Point – Eric deCarbonnel
YouTube Panel INterview on Gold or Dollar as World Reserve Currency [The US Dollar (30 Oct 2009)]

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.

Comments (0)

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

November 28, 2009

11-27-09 Market Commentary

November 21, 2009

11-20-2009 Market Commentary

November 15, 2009

11-13-2009 Market Commentary

November 8, 2009

11-6-2009 Market Commentary

November 1, 2009

10-30-2009 Market Commentary