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

April 24, 2010

4-23-10 Market Commentary

Filed under: Market Commentary — dlpirl @ 3:01 pm

Subscriber email sent 4-24-10:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 6.68 to 7.17, for another highest value on record. The total count of securities in Bullish or Bearish patterns increased 2 percent to 2083. The count of Bearish stocks decreased 5%, while the count of stocks in Bullish patterns increased by 3%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market gaining bullish strength, but perhaps approaching a sell off point. 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 ninth time in ten weeks with a rise of 39 points. At +665, it is the 2010 top and continues above all 2008 and 2009 tops.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with three (3) Accumulation days and one (1) Distribution day 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, the DOW (DIA) ended the week in Accumulation mode while the S&P (SPY) ended in neither Accumulation nor Distribution mode.
Momentum: Eight 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 fifty weeks. The Daily CCI(20) began an up trend eight weeks ago.
Nine 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. The CCI(20) remains above 100 so we continue to stay in the trade. 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 the bottom five are negative. Bullish:  Disk Drives (DDX) and Semis (SOX) remain in the top five. S&P Retail has entered the top five. Gold and Silver (XAU) remains in the bottom five. REITs has left the bottom five.  Bearish: Computer Hardware (HWI) has left the top five. Oil Services (OSX) has left the bottom five and 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.
© 2010 Sand2Pirls, Inc. All rights reserved. [ Terms and Conditions/Disclaimer ]

April 18, 2010

4-16-10 Market Commentary

Filed under: Market Commentary — dlpirl @ 2:50 pm

Subscriber email sent 4-18-10:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 5.98 to 6.68, our highest value on record. The total count of securities in Bullish or Bearish patterns increased 3 percent to 2050. The count of Bearish stocks decreased 7%, 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 gaining bullish strength, but perhaps approaching a sell off point. 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 nine weeks with a rise of 65 points. At +626, it continues above all 2008 tops and has just broken above the 2009 top.
This week the Nasdaq Composite Index ended the week in Distribution mode with two (2) Accumulation days and three (3) 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 in neither Accumulation nor Distribution mode.
Momentum: Seven 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-nine weeks. The Daily CCI(20) began an up trend seven weeks ago.
Eight 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. The CCI(20) rose again this week and remains above 100 so we continue to stay in the trade. 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 the bottom five are negative. Bullish: Computer Hardware (HWI) remains in the top five. Disk Drives (DDX) and Semis (SOX) have entered the top five. Gold and Silver (XAU) and Oil Services (OSX) has left the top five and entered the bottom five.  Gold and Silver (XAU) leads the bottom five.  Bearish: REITs has entered the bottom five. Banks (BKX) have left the top five.
Focus this week:

  1. Blunt economic education from veteran analyst Bob Chapman.
  2. Some important tax education from one of the best, Paul Craig Roberts, Under Secretary of the Treasury in the Reagan administration.

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 ]

April 11, 2010

4-9-10 Market Commentary

Filed under: Market Commentary — dlpirl @ 2:25 pm

Subscriber email sent 4-11-10:

Market Breadth: With this week’s market fractional rise, our Bull/Bear Point and Figure Ratio rose from 5.24 to 5.98, our 2nd highest value on record. The total count of securities in Bullish or Bearish patterns increased 5 percent to 1997. The count of Bearish stocks decreased 6%, while the count of stocks in Bullish patterns increased by 7%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market holding bullish strength, but perhaps approaching a sell off point. 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) inecreased for the seventh time in eight weeks with a rise of 29 points. At +561, it continues above all 2008 tops and 2009 bottoms, but has fallen below 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 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: Six 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-eight weeks. The Daily CCI(20) began an up trend six weeks ago.
Seven 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. The CCI(20) rose this week and remains above 100 so we continue to stay in the trade. 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 only two of the bottom five are negative. Bullish: Banks (BKX) and Computer Hardware (HWI)have entered the top five. Disk Drives (DDX) and Networkers (NWX) have left the bottom five. Bearish: Oil Services (OSX) remains in the top five.  Gold and Silver (XAU) remains in the top five. 
Focus this week: Another great interview with Katherine Austin Fitts. Also, here’s an interesting article saying that there may be only one more dip before silver begins to soar.

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 ]

April 4, 2010

4-2-2010 Market Commentary

Filed under: Market Commentary — dlpirl @ 3:00 pm

Subscriber email sent 4-4-10:

Market Breadth: With this week’s market fractional rise, our Bull/Bear Point and Figure Ratio rose from 4.84 to 5.24, our 8th highest value on record. The total count of securities in Bullish or Bearish patterns increased 3 percent to 1896. The count of Bearish stocks decreased 4%, 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, but perhaps approaching a sell off point. 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 seven weeks with a fall of 55 points. At +532, it continues above all 2008 tops and 2009 bottoms, but has dropped below the 2009 top.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with one (1) Accumulation day 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, the DOW (DIA) ended the week in Accumulation mode while the S&P (SPY) ended the week in neither Accumulation nor Distribution mode.
Momentum: Five 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-seven weeks. The Daily CCI(20) began an up trend five weeks ago.
Six 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. The CCI(20) dropped this week but remains above 100 so we continue to stay in. 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: None. Bearish: Banks (BKX), REITs (DJR), Semis (SOX), and S&P Retail (RLX) have left the top five. Oil Services (OSX) leads the top five.  Gold and Silver (XAU) has entered the top five. Disk Drives (DDX) and Networkers (NWX) have entered the bottom five.
Focus this week: Listen to Max Keiser and Stacy Herbert on the rich fleeing the bond market, suppression of precious metals prices, etc.

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 ]

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