Category: Market Commentary

Weekly S2P Market Commentary

5-21-17 Market Commentary

Our Bull/Bear PnF Ratio at 0.98 fell from 1.29.
The NASI fell 69 points to +40.98.
In the last two weeks the NASDAQ had five (5) Accumulation days and one (1) Distribution day.
At Friday 5/19 close after 2 days below zero, the CCI(20) daily formed a valid ZLR Long entry signal for Monday 5/22 open.
Industry Rotation Summary: Gold & Silver, Oil, Oil Services, and some tech on top; Banks, Brokers, and some tech on the bottom. 
Focus from www.zerohedge.com "The Housing Moment Investors Dread Is Here" By Danielle DiMartino Booth.

Read more

5-14-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.29 rose from 1.19.
The NASI fell 39 points to +110.45.
In the last two weeks the NASDAQ had four (4) Accumulation days and one (1) Distribution day.
The Weekly CCI(20) of the NASDAQ Composite Index began a Woodie's up trend fifty-four weeks ago, while the Daily CCI(20) began a Woodie's up trend twenty-five weeks ago.
Industry Rotation Summary: Gold& Silver, and some tech on top; Oil Services, REITs, Brokers, and some tech on the bottom.
Focus from www.acting-man.com "How To Stick It To Your Banker, The Fed, & The Whole Doggone Fiat Money System".

Read more

5-7-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.19 fell from 1.51.
The NASI) rose 29 points to +149.49.
In the last two weeks the NASDAQ had 3 Accumulation days and 2 Distribution days.
The Weekly CCI(20) of the NASDAQ Composite Index began a Woodie's up trend fifty-three weeks ago, while the Daily CCI(20) began a Woodie's up trend twenty-four weeks ago.
Industry Rotation Summary: Brokers, S&P Retail, and some tech on top; Gold & Silver, Oil Services, REITs, and some tech on the bottom.
Focus from www.zerohedge.com "The Last Time This Happened, China Devalued".

Read more

4-30-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.51 rose from 1.33.
The NASI rose 193 points to +120.81.
The NASDAQ Composite Index ended in Distribution mode with average daily volume higher than the prior week.
The Weekly CCI(20) of the NASDAQ Composite Index began a Woodie's up trend fifty-two weeks ago, while the Daily CCI(20) began a Woodie's up trend twenty-three weeks ago.
Industry Rotation Summary: Brokers, S&P Retail, and some tech on top; Gold & Silver, Oil Services, REITs, and some tech on the bottom.
Focus from www.zerohedge.com "Hedge Fund CIO: What Central Banks Have Done Is "Stunning, Unprecedented""...from Eric Peters of One River Asset Management.

Read more

4-23-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.33 rose slightly from 1.27.
The NASI rose 19 points to -72.61.
In the last two weeks the NASDAQ had one (1) Accumulation day and two (2) Distribution days.
The Weekly CCI(20) of the NASDAQ Composite Index began a Woodie's up trend fifty-one weeks ago, while the Daily CCI(20) began a Woodie's up trend twenty-two weeks ago.
Industry Rotation Summary: REITs and S&P Retail on top; Banks, Oil, and Oil Services on the bottom.
Focus from www.zerohedge.com Authored by Avi Gilburt via MarketWatch.com, "Bob Prechter Warns Market Correction "Larger Than The Malaise Of The '30s" Looms".

Read more

4-16-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.27 fell slightly from 1.34.
The NASI fell 39 points to -33.95.
In the last two weeks the NASDAQ had zero (0) Accumulation days and two (2) Distribution days.
The Weekly CCI(20) of the NASDAQ Composite Index began a Woodie's up trend fifty weeks ago, while the Daily CCI(20) began a Woodie's up trend twenty-one weeks ago.
Industry Rotation Summary: Gold & Silver and REITs on top; Banks, Brokers, some Tech, and Oil Services on the bottom.
Focus from www.macromon.wordpress.com "Why the Equity Bull Market Must Continue".

Read more

4-9-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.34 rose from 1.31. 
The NASI fell 39 points to -33.95. 
In the last two weeks the NASDAQ had two (2) Accumulation days and two (2) Distribution days. 
The Weekly CCI(20) of the NASDAQ Composite Index began a Woodie's up trend forty-nine weeks ago, while the Daily CCI(20) began a Woodie's up trend twenty weeks ago. 
Industry Rotation Summary: Some Tech, Oil and REITs on top, Some tech and Brokers on the bottom. 
Focus from wolfstreet.com "Great Debt Unwind: Consumer Bankruptcies Jump, First since 2010. Commercial Bankruptcies Spike". 

Read more

4-2-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.31 rose from 1.10. 
The NASI rose 90 points to +4.92. 
In the last two weeks the NASDAQ had three (3) Accumulation days and two (2) Distribution days. 
The Weekly CCI(20) of the NASDAQ Composite Index began a Woodie's up trend forty-eight weeks ago, while the Daily CCI(20) began a Woodie's up trend nineteen weeks ago. 
Industry Rotation Summary: Some Tech and REITs on top, Banking and Brokers on the bottom. 
Focus from www.zerohedge.com "Who Is The Real "50 Cent" - A Mystery Trader Is Systematically Betting Massive On A VIX Spike". 

Read more

3-26-17 Market Commenatry

Our Bull/Bear PnF Ratio at 1.10 fell from 1.46. 
The NASI fell 106 points to -85.33. 
The NASDAQ Composite Index ended in Accumulation mode. 
At Wednesday 3/22 close, our Long entry for Monday 3/13 open on Friday 3/10 fell below +100 and below our ZLR pivot entry point. 
Industry Rotation Summary: Some Tech and Gold & Silver, and REITs on top, Oil, Oil Services, Banking, Brokers, and Retail on the bottom. 
Focus from www.peakprosperity.com "Why This Market Needs To Crash And likely will" by Chris Martenson. 

Read more

3-19-17 Market Commentary

Our Bull/Bear PnF Ratio at 1.46 was up from 1.19. 
The NASI fell 57 points to +20.46. 
In the last two weeks the NASDAQ had 5 Accumulation days and 1 Distribution day. 
The CCI(20) daily rose after our recent ZLR Long entry. 
Industry Summary Summary: Some Tech and Gold & Silver on top, Oil, Oil Services, Banking, and REITs on the bottom. 
Focus from www.dailyreckoning.com "More Proof of Janet Yellen’s Idiocy" by David Stockman. 

Read more