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

March 28, 2010

3-26-10 Market Commentary

Filed under: Market Commentary — dlpirl @ 7:32 am

Subscriber email sent 3-28-10:

Market Breadth: With this week’s market fractional rise, our Bull/Bear Point and Figure Ratio dropped very slightly from 4.92 to 4.84. The total count of securities in Bullish or Bearish patterns increased 4 percent to 1846. The count of Bearish stocks increased 6%, while the count of stocks in Bullish patterns increased by 4%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market holding 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 3 points. At +587, it continues above all 2008 tops and 2009 bottoms, and is approaching the 2009 top.
This week the Nasdaq Composite Index 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 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: Four weeks ago the CCI(20) began a Woodie’s up trend. We continue to wait for the CCI(20) to return to the +/- 50 range for a zero line reject (ZLR) Long 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 has been in an uptrend for forty-six weeks. The Daily CCI(20) began an up trend four weeks ago.
Five weeks ago the weekly CCI(20) gave us a ZLR Long entry signal. The next week, the CCI(20) fell, but not as sharply as the rise the previous week in which we entered the trade, so we stayed in, and the CCI(20) has been rising or level for the last four weeks. We will continue to follow this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and all of the bottom five are negative. Bullish:  Banks (BKX) and REITs (DJR) remain in the top five. Semis (SOX) and S&P Retail (RLX) have entered the top five. Oil Services (OSX) lead the bottom five. Gold and Silver (XAU) remain in the bottom five. Bearish: Disk Drives (DDX) and Computer Hardware (HWI) have left the bottom five.
Focus this week: The reversal of Silver is outperforming both Gold and the Dollar over the last 30 market days.
Click to view live online at StockCharts

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.
© 2010 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

March 20, 2010

3-19-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 8:15 am

Subscriber email sent 3-20-10:

Market Breadth: With this week’s market fractional rise, our Bull/Bear Point and Figure Ratio was virtually unchanged, dropping from 4.95 to 4.92. The total count of securities in Bullish or Bearish patterns increased 7 percent to 1770. The count of Bearish stocks increased 7%, and the count of stocks in Bullish patterns also increased by 7%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market holding 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 fifth time in five weeks with a rise of 115 points. At +584, it continues above all 2008 tops and 2009 bottoms, and is approaching the 2009 top.
This week the Nasdaq Composite Index ended the week in Distribution mode with four (4) Distribution days and one (1) Accumulation 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, the DOW (DIA) ended the week in Distribution mode, while the S&P (SPY) ended in neither Accumulation nor Distribution mode.
Momentum: Three weeks ago the CCI(20) began a Woodie’s up trend. We continue to wait for the CCI(20) to return to the +/- 50 range for a zero line reject (ZLR) Long 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 has been in an uptrend for forty-five weeks. The Daily CCI(20) began an up trend three weeks ago.
Four weeks ago the weekly CCI(20) gave us a ZLR Long entry signal. The next week, the CCI(20) fell, but not as sharply as the rise the previous week in which we entered the trade, so we stayed in, and the CCI(20) has been rising or level for the last three weeks. We will continue to follow this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and all of the bottom five are negative. Bullish:  Banks (BKX) and REITs (DJR) remain in the top five. Oil Services (OSX) lead the bottom five. Gold and Silver (XAU) remain in the bottom five. Computer Hardware (HWI) has left the bottom five.  Bearish: Disk Drives (DDX) and Computer Hardware (HWI) have entered the bottom five. Networkers (NWX) has left the top five.
Focus this week: Silver has reversed upwards as expected.
Click to view live online at StockCharts

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.
© 2010 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

March 14, 2010

3-12-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 2:20 pm


Subscriber email sent 5-14-10:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 3.77 to 4.95. The total count of securities in Bullish or Bearish patterns increased 12 percent to 1659. The count of Bearish stocks decreased 10%, while the count of stocks in Bullish patterns increased by 18%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market gaining bullish strength, rebounding as it did after a similar pull-back in July 2009. 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 fifteen weeks with a rise of 282 points. At +470, it continues above all 2008 tops and 2009 bottoms.
This week the Nasdaq Composite Index ended the week in Accumulation mode with five (5) Accumulation days and zero (0) Distribution days in the last two weeks. Last week it also 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, the DOW (DIA) ended the week in Accumulation mode, while the S&P (SPY) ended in Distribution mode.
Momentum: Two weeks ago the CCI(20) began a Woodie’s up trend. We continue to wait for the CCI(20) to return to the +/- 50 range for a zero line reject (ZLR) Long 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 has been in an uptrend for forty-four weeks. The Daily CCI(20) began an up trend two weeks ago.
Three weeks ago the weekly CCI(20) gave us a ZLR Long entry signal. Two weeks ago the CCI(20) fell, but not as sharply as the rise the previous week in which we entered the trade, so we stayed in, and the CCI(20) has been rising for the last two weeks. We will continue to follow this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five and bottom five industries are positive. Bullish:  All industries are positive. Networkers (NWX) remain in the top five. Banks (BKX) and REITs (DJR) have entered the top five. Gold and Silver (XAU) has entered the bottom five. Bearish: Computer Hardware (HWI) continues to lead the bottom five. S&P Retail (RLX) has left the top five.
Focus this week: How long will the current recovery last? For some insights, read the IBD column by Robert Higgs No Recovery Until America Invests Again Some quotes from the column… The investors’ famine and the government’s feast therefore are not merely coincidental, but causally connected… Making matters worse, the explosion of the federal government’s size, scope and power since mid-2008 has created enormous uncertainties among investors.

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.
© 2010 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

March 6, 2010

3-5-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 4:13 pm

Subscriber email sent 3-6-10:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 2.16 to 3.77. The total count of securities in Bullish or Bearish patterns increased 17 percent to 1480. The count of Bearish stocks decreased 23%, while the count of stocks in Bullish patterns increased by 36%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market holding bullish strength, rebounding as it did after a similar pull-back in July 2009. 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 tenth time in fourteen weeks with a rise of 249 points. At +188, it is now above all 2008 tops and 2009 bottoms.
This week the Nasdaq Composite Index ended the week in Accumulation mode with five (5) Accumulation days and two (2) Distribution days in the last two weeks. Last week it also 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, both the DOW (DIA) and the S&P (SPY) ended the week in Accumulation mode.
Momentum: Last week the CCI(20) began a Woodie’s up trend. We now wait for a return to the +/- 50 range for a zero line reject (ZLR) Long 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 has been in an uptrend for forty-three weeks. The Daily CCI(20) began an up trend last week.
Two weeks ago the weekly CCI(20) gave us a ZLR Long entry signal. Last week, the CCI(20) fell, but not as sharply as the rise the previous week in which we entered the trade, so we stayed in. Now it is rising again. We will continue to follow this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive but only one of the bottom five is negative. Bullish:  All but one industry is positive. S&P Retail (RLX) and Networkers (NWX) have entered the top five. Disk Drives (DDX) has left the bottom five. Bearish: Computer Hardware (HWI) leads the bottom five. Banks (BKX) and REITs (DJR) have left the top five. Gold and Silver (XAU) has entered the top five. Oil (XOI) has left the bottom five. 
Focus this week: I would like to introduce the excellent economic political analysis of Keith Gardner on his WordPress blog site, Liberty Revival. There are many outstanding columns in the archives. This week Keith writes on the subject End Income Taxes by Ending the Fed.

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