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

December 26, 2009

12-25-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 1:46 pm


Subscriber email sent 12-26-09:


Market Breadth:
With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 2.47 to 3.35. The total count of securities in Bullish or Bearish patterns increased by 6% to 1718. The count of Bearish stocks decreased by 15%, while the count of stocks in Bullish patterns increased by 15%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market continuing to hold 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) increased for the thirteenth time in twenty-four weeks with a rise of 154 points. At -105, it has now broken above the June 2008 and September 2008 tops but is not yet above the October 2007 top or the July 2009 bottom.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with four (4) accumulation days and two (2) Distribution days in the last two weeks. Last week it ended in neither 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.) Of the other indexes, both the DOW (DIA) and the S&P (SPY) ended the week in neither Accumulation nor Distribution mode.
Momentum: At market close Friday 12/18, we got a ZLR Long entry signal. The ZLR CCI(20) pivot was in the +/-50 range. We opened our Long position at Monday 12/21 open. We will continue to track the trade simulation in next week’s 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 has now been above zero for forty-one weeks, and began an uptrend thirty-five weeks ago. The Daily CCI(20) began an up trend seven weeks ago.
The weekly CCI(20) continues above +100. We continue to await a ZLR in the +/-50 range.
Industry Rotation the last two weeks: All of the top five industries are positive and all the bottom five are negative. Bullish: Gold and Silver (XAU) continues to lead the bottom five. Disk Drives (DDX) continue in and now lead the top five. Semis (SOX) have re-entered the top five. Networkers (NWX) has left the bottom five.  Bearish: Oil Services (OSX) remains in the top five. Banks (BKX) remain in the bottom five. Oil (XOI) has left 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. © 2004 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

December 19, 2009

12-18-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 1:01 pm

Subscriber email sent 12-19-09:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 2.15 to 2.47. The total count of securities in Bullish or Bearish patterns increased by 3% to 1618. The count of Bearish stocks decreased by 6%, while the count of stocks in Bullish patterns increased by 8%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market continuing to hold 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) increased for the twelfth time in twenty-three weeks with a rise of 54 points. At -258, 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 ended the week in Accumulation mode with four (4) Accumulation days and two (2) Distribution days in the last two weeks. 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 S&P (SPY) ended the week in Accumulation mode while the DOW (DIA) ended in neither Accumulation nor Distribution mode.
Momentum: At market close Friday 12/18, we got a ZLR Long entry signal. The ZLR CCI(20) pivot was in the +/-50 range. We open our Long position at Monday’s open and will track the trade simulation in next week’s 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 has now been above zero for forty weeks, and began an uptrend thirty-four weeks ago. The Daily CCI(20) began an up trend six 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: All of the top five industries are positive and all the bottom five are negative. Bullish: Gold and Silver (XAU) leads the bottom five. Disk Drives (DDX) remain in the top five. Oil (XOI) remains in the bottom five. Bearish: Semis (SOX) have left the top five. Oil Services (OSX) has entered the top five. Banks (BKX) remain in the bottom five. Networkers (NWX) 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.

© 2004 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

December 13, 2009

12-11-09 Market Commentary

Filed under: Market Commentary — dlpirl @ 6:32 pm
Subscriber email sent 12-13-09:

Market Breadth: With this week’s fractional market decline, our Bull/Bear Point and Figure Ratio rose from 2.36 to 2.15. The total count of securities in Bullish or Bearish patterns increased by 1% to 1564. The count of Bearish stocks increased by 8%, 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 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) increased for the eleventh time in twenty-two weeks with a rise of 26 points. At -312, 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 ended the week in neither Accumulation nor Distribution mode with four (4) Accumulation days and one (1) Distribution day in the last two weeks. Last week it 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.) Of the other indexes, and the DOW (DIA) ended the week in Accumulation mode while the S&P (SPY) ended in neither Accumulation nor Distribution mode.
Momentum: Our ZLR (Zero Line Reject) Long trade beginning Wednesday 12/2 ended Wednesday 12/9 open when the CCI(20) at the previous close had dropped below the entry point. The result was a loss of 8.49 points on the Nasdaq Composite Index or -$0.70 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 thirty-eight weeks, and began an uptrend thirty-two weeks ago. The Daily CCI(20) began an up trend four 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: All of the top five industries are positive and all the bottom five are negative. Bullish: Semis (SOX) remain in the top five. Gold and Silver (XAU) leads the bottom five. Disk Drives (DDX) have entered the top five. Oil Services (OSX) and Oil (XOI) remain in the bottom five. Bearish: Banks (BKX) have entered the bottom five. REITs (DJR) have 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 ]

December 6, 2009

12-4-2009 Market Commentary

Filed under: Market Commentary — dlpirl @ 7:30 pm
Subscriber email sent 12-6-09:

Market Breadth: With this week’s fractional market decline, our Bull/Bear Point and Figure Ratio rose from 2.21 to 2.36. The total count of securities in Bullish or Bearish patterns increased by 5% to 1543. The count of Bearish stocks increased by a fraction of a percent, while the count of stocks in Bullish patterns increased by 7%. 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) increased for the ten times in twenty-one weeks with a rise of 4 points. At -338, 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 ended the week in Accumulation mode with three (3) Accumulation days and two (2) Distribution days in the last two weeks. 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, and the DOW (DIA) ended the week in Accumulation mode while the S&P (SPY) ended in neither Accumulation nor Distribution mode.
Momentum: At Monday 11/30 open we closed the ZLR Long trade begun at Tuesday 11/24 open.  The result as a loss of 33.02 points on the Nasdaq Composite or $0.48 per share of QQQQ. At Tuesday 12/1 close we have a ZLR Long entry signal for Wednesday 12/2 open. 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 has now been above zero for thirty-seven weeks, and began an uptrend thirty-one weeks ago. The Daily CCI(20) began an up trend three 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: All of the top five industries are positive and all the bottom five are negative. Bullish: Semis (SOX) and REITs (DJR) have entered the top five. Gold and Silver (XAU) has entered the bottom five. Oil Services (OSX) leads the bottom five. Oil (XOI) has entered the bottom five. Brokers (XBD), Networkers (NWX), REITs (DJR), and Disk Drives (DDX) have left the bottom five. Bearish: None.

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 ]

Powered by WordPress