January « 2010 « Sand 2 Pirls Market Commentary

January 30, 2010

1-29-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 10:12 pm

Subscriber email sent 1-30-2010:

Market Breadth: With this week’s market decline, our Bull/Bear Point and Figure Ratio fell from 3.26 to 1.85. The total count of securities in Bullish or Bearish patterns decreased by 12% to 1390. The count of Bearish stocks increased by 32%, while the count of stocks in Bullish patterns decreased by 26%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market rapidly losing its bullish strength, although it has recovered from similar pull-backs in the current bull market. 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 second time in nine weeks with a fall of 271 points. At -130, it remains above 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 Distribution mode with one (1) Accumulation days and six (6) 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 DOW (DIA) ended the week in Distrbution mode while the S&P (SPY) ended in neither Accumulation nor Distribution mode.

Momentum: The CCI(20) is now been below zero for more than 6 bars, changing the Woodie’s trend call to down. We wait for a zero line reject (ZLR) signal with the CCI(20) in the +/1 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 forty-five weeks, and began an uptrend thirty-nine weeks ago. The Daily CCI(20) began a down trend this past week.

The weekly CCI(20) is now in the +/-50 range. Upward momentum in the next week or two could give a ZLR Long entry signal.

Industry Rotation the last two weeks: All of the top five and bottom five industries are negative. Bullish: Banks (BKX) remain in the top five. Gold and Silver (XAU) remain in the bottom five. Disk Drives (DDX) and Computer Hardware (HWI) have entered the top five. Semis (SOX) have left the bottom five. Bearish: All industries are negative.

Focus this week: John Williams’ Shadow Stats Depression Special Report from August 2009 is worth reviewing in the light of market declines on higher average volume in the last three weeks.

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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January 24, 2010

1-22-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 5:43 pm

Subscriber email sent 1-24-2010

Market Breadth: With this week’s market decline, our Bull/Bear Point and Figure Ratio fell from 5.30 to 3.26. The total count of securities in Bullish or Bearish patterns decreased by 14% to 1582. The count of Bearish stocks increased by 27%, while the count of stocks in Bullish patterns decreased by 22%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market holding its bullish strength in spite of a pullback greater than 3.5% for the week. 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 first time in eight weeks with a fall of 91 points. At +141, it remains above 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 zero (0) Accumulation days 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 neither Accumulation nor Distribution mode.

Momentum: Last week we received a Zero Line Reject (ZLR) Long entry signal for Thursday 1/14 open, but Friday the CCI(20) decreased more sharply than the entry angle, giving us an exit signal for Tuesday 1/19 open. (Monday 1/18 is a U.S. Banking Holiday, Martin Luther King day.) The result of the trade was a loss of 12.29 points on the Nasdaq or $0.32 per share of QQQQ. The CCI(20) is now below, -300. With less than 6 bars below zero, we are still in an uptrend. Hook From Extremes (HFE) is a possible Long entry signal at Monday 1/25/2010 close.

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-four weeks, and began an uptrend thirty-eight weeks ago. The Daily CCI(20) began an up trend ten weeks ago.

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

Industry Rotation the last two weeks: All of the top five and bottom five industries are negative. Bullish: Banks (BKX) remain in the top five. Gold and Silver (XAU) leads the bottom five. Oil Services (OSX) has left the top five. Disk Drives (DDX) and Computer Technology (XCI) have left the bottom five. Oil Services (OSX) and Oil (XOI) have entered the bottom five. Bearish: Semis (SOX) remain in the bottom five.

Focus this week (repeat): To gain an overview understanding of the current world economic crisis, listen to this excellent interview of Catherine Austin Fitts who served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer. She is now the president of Solari, Inc., and managing member of Solari Investment Advisory Services, LLC. Watch the entire Alex Jones interview of Catherine Austin Fitts on YouTube.

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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January 16, 2010

1-15-2010 Commentary

Filed under: Market Commentary — dlpirl @ 11:38 am

Subscriber email sent 1-16-2010:

Market Breadth: With this week’s market decline, our Bull/Bear Point and Figure Ratio rose from 5.12 to 5.30, our sixth highest value on record. The total count of securities in Bullish or Bearish patterns decreased by 3% to 1841. The count of Bearish stocks decreased by 6%, while the count of stocks in Bullish patterns decreased by 3%. 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 seventh time in seven weeks with a rise of 61 points. At +232, it remains above 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 Distribution mode with two (2) Accumulation days and four (4) 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 DOW (DIA) ended the week in Distribution mode while the S&P (SPY) ended the week in neither Accumulation nor Distribution mode.

Momentum: This week we received a Zero Line Reject (ZLR) Long entry signal for Thursday 1/14 open, but Friday the CCI(20) decreased more sharply than the entry angle, giving us and exit signal for Tuesday 1/19 open. (Monday 1/18 is a U.S. Banking Holiday, Martin Luther King day.)

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-three weeks, and began an uptrend thirty-seven weeks ago. The Daily CCI(20) began an up trend nine 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: Banks (BKX) lead the top five. REITs (DJR) have left the bottom five. Gold and Silver (XAU) has left the top five. Bearish: Disk Drives (DDX) and Semis (SOX) have entered the bottom five. Computer Technology (XCI) has entered teh bottom five. Oil Services (OSX) remains in the top five.

Focus this week: To gain an excellent overview understanding of the current world economic crisis, listen to this interview of Catherine Austin Fitts who served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer. She is now the president of Solari, Inc., and managing member of Solari Investment Advisory Services, LLC. Watch the entire Alex Jones interview of Catherine Fitts on YouTube.

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)

January 9, 2010

1-8-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 1:06 pm

Subscriber email sent 1-9-2010:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 3.74 to 5.12, our seventh highest value on record. The total count of securities in Bullish or Bearish patterns increased by 9% to 1902. The count of Bearish stocks decreased by 15%, while the count of stocks in Bullish patterns increased by 16%. The new format Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market gaining 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 sixth time in six weeks with a rise of 150 points. At +171, it remains above 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 two (2) 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 DOW (DIA) and the S&P (SPY) ended the week in neither Accumulation nor Distribution mode.

Momentum: Our Long trade from Monday 12/21 open to Monday 1/4 open resulted in a gain of 70.37 points on the Nasdaq Composite or $1.64 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 forty-two weeks, and began an uptrend thirty-six weeks ago. The Daily CCI(20) began an up trend eight 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: Banks (BKX) have entered the top five. S&P Retail has left the bottom five. Bearish: REITs (DJR) leads teh bottom five. Disk Drives (DDX) and Semis (SOX) have left the top five. Oil Services (OSX) has entered the top five. Gold and Silver (XAU) has entered the top five.

Focus this week: Here are three self explanatory charts that explain the roots of economic problems in the United States. Click the chart to read the analysis article.

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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January 2, 2010

1-1-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 3:21 pm

Subscriber email sent 1-2-09:

Market Breadth: With this week’s fractional market decline, our Bull/Bear Point and Figure Ratio rose from 3.35 to 3.74. The total count of securities in Bullish or Bearish patterns increased by 1% to 1743. The count of Bearish stocks decreased by 7%, while the count of stocks in Bullish patterns increased by 4%. 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 fourteenth time in twenty-five weeks with a rise of 125 points. At +21, it has now broken above 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 five (5) Accumulation days and one (1) Distribution day 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 DOW (DIA) ended the week in Distribution mode while the S&P (SPY) 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 opened our Long position at Monday 12/21 open. At market close on Thursday 12/31, the CCI(20) dropped below +100 giving us our signal to close the trade at Monday’s open. We will report the results 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-two weeks, and began an uptrend thirty-six weeks ago. The Daily CCI(20) began an up trend eight 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: Disk Drives (DDX) continue to lead the top five. Semis (SOX) remain in the top five. Oil Services (OSX) has left the top five. Bearish: Gold and Silver (XAU) has left the bottom five. Banks (BKX) remain in the bottom five. S&P Retail has entered the bottom five.

Focus this week: Money supply continues to decline.

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

January 30, 2010

1-29-2010 Market Commentary

January 24, 2010

1-22-2010 Market Commentary

January 16, 2010

1-15-2010 Commentary

January 9, 2010

1-8-2010 Market Commentary

January 2, 2010

1-1-2010 Market Commentary