1-28-18 Market Commentary


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Market Breadth: With this past week’s market advance, our Bull/Bear Point and Figure Ratio at 1.74 rose from 1.60  last week, advancing within bullish territory. The total count of securities in bullish or bearish patterns increased 2% to 3529. The count of bearish stocks decreased 3%, while the count of stocks in bullish patterns increased 5%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market now twenty-two weeks in bullish territory. Paid subscribers have access to the OpenOffice Calc data from which the chart is generated.

The well known market breadth indicator, the NASDAQ McClellan Summation Index (NASI) rose 66 points for the seventh advance in fifteen weeks. At a positive 446.88 points, it  has risen above the December 2016 high and continues above the February 2017, May 2016, and July 2017 highs and below the three remaining tops in the last 30 months, and it continues above all four bottoms below -100 in the last 30 months. 

Volume Analysis: In this week’s volume analysis, the NASDAQ Composite Index ended in Accumulation mode with average daily volume higher than the prior week. In the last two weeks the NASDAQ had four (4) Accumulation days and two (2) Distribution days. (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.) Last week also, the NASDAQ ended in neither Accumulation nor Distribution mode on higher average daily volume.

Momentum: The CCI(20) daily in a Woodie’s Up trend is now at +126.39, up slightly from +125.48 last week. At Friday 12/29 close, the CCI(20) daily was within the +/- 50 range presenting a ZLR (Zero Line Reject) pivot and Long entry signal at Tuesday 1/2 close. We will follow the results of this trade simulation in next week’s commentary and plan to exit when the CCI(20) daily falls below +100.
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 began a Woodie’s up trend ninety-one weeks ago, while the Daily CCI(20) began a Woodie’s up trend ninety-one weeks ago.
The CCI(20) weekly at +193.44 is up from +174.49 last week after forming a ZLR (Zero Line Reject) Long entry signal for Tuesday 9/5 open. Our rule is to stay in the trade until the CCI(20) drops below +100. We will continue to follow the result of this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are  positive and four of the bottom five are negative. Summary: S&P Retail, and some Tech on top; Oil Services, Brokers and some Tech on the bottom. Bullish: S&P Retail and Computer Hardware continue in the top five. Disk Drives and Semis PHLX have entered the top five. Oil Services has entered the bottom five. REITs has left the bottom five. Bearish: Brokers and Networkers have entered the bottom five.
Focus this week: From YouTube.com Project Camelot Channel Streamed live on Jan 26, 2018. “PALADIN: SECRET GOV/ DEEP STATE FUNDING – WHITE HATS REPORT

#ArrestTheFed Spread the word… We The People need to make sure The Storm includes exposing the fraudulent Global Monetary System.

KERRY talks with PALADIN about the White Hat Reports investigations into high yield trading programs, crypto currency, following the money down the rabbit hole of how the secret space/ secret gov is funded. GO TO : http://whitehatsreport.com/ FOR MORE INFO.

–Donald Pirl www.s2pmarketsignal.com

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