Sand 2 Pirls Market Commentary

5-11-12 Market Commentary

dlpirl — Sat, 12 May 2012 20:50:03 +0000

Market Breadth: With this past week’s market decline, our Bull/Bear Point and Figure Ratio fell from 0.96 to 0.72, now deeper in bearish territory. The total count of securities in bullish or bearish patterns rose 1% to 2191. The count of bearish stocks increased 15%, while the count of stocks in bullish patterns decreased 13%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market descending into bearish territory. 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) fell 124 points. At -367, it continues below the January 2011 top and the November 2011 top, the July 2011 top, remains above the March 2011 bottom, but is approaching the December 2011 bottom.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had two (2) Accumulation days and four (4) Distribution days. Of the other indexes, the Diamonds Trust ended in neither Accumulation nor Distribution mode while the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 ended the week in Distribution mode.

Momentum: Continuing in a Woodie’s down trend, this week the CCI(20) daily rose from below -150 to just under -100. We continue to wait for it to return to within the +/-50 range for a valid Zero Line Reject (ZLR).

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 an up trend twenty-three weeks ago. The Daily CCI(20) began a Woodie’s down trend three weeks ago.

With the CCI(20) weekly now at 8.12 in a Woodie’s up trend, we continue within in the +/-50 range required for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: Only two of the top five industries are positive and all of the bottom five are negative. Bullish: REITs (DJR) continues in the top five. Gold & Silver (XAU) remains in the bottom five. Oil Services (OSX) remains in the bottom five. Bearish: Networkers (NWX) and Brokers (XBD) remain in the bottom five. S&P Retail (RLX) has left the top five.

–Donald Pirl www.s2pmarketsignal.com

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5-4-12 Market Commentary

dlpirl — Sat, 05 May 2012 21:40:37 +0000

Subscriber email sent 5-5-12:

Market Breadth: With this past week’s market decline, our Bull/Bear Point and Figure Ratio fell from 1.11 to 0.96, now in bearish territory. The total count of securities in bullish or bearish patterns fell 2% to 2159. The count of bearish stocks increased 6%, while the count of stocks in bullish patterns decreased 9%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market edging into bearish territory. 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) fell 1 points. At -243, it continues below the January 2011 top and the November 2011 top, the July 2011 top, but remains above the March 2011 bottom.

In this week’s volume analysis the Russell 2000 ended in Distribution mode. In the last two weeks it had two (2) Accumulation days and five (5) Distribution days. Of the other indexes, both the Diamonds Trust and the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 ended the week in neither Accumulation nor Distribution mode.

Momentum: Remaining in a Woodie’s down trend, this week the CCI(20) daily rose to over +70 outside the +/-50 range for a valid ZLR (Zero Line Reject) entry point, then fell to less than -150.

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 an up trend twenty-two weeks ago. The Daily CCI(20) began a Woodie’s down trend two weeks ago.

With the CCI(20) weekly now at 48.05 in a Woodie’s up trend, we are now in the +/-50 range required for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive and all of the bottom five are negative. Bullish: S&P Retail (RLX) remains in the top five. REITs (DJR) has re-entered the top five. Gold & Silver (XAU) remains in the bottom five. Oil Services (OSX) has entered the bottom five. Disk Drives (DDX) and Semis (SOX) have left the bottom five. Bearish: Networkers (NWX) and Brokers (XBD) remain in the bottom five.

–Donald Pirl www.s2pmarketsignal.com

4-27-12 Market Commetary

dlpirl — Sun, 29 Apr 2012 22:51:22 +0000

Subscriber email sent 4-29-12:

Market Breadth: With this past week’s market rise, our Bull/Bear Point and Figure Ratio rose slightly from 1.02 to 1.11, remaining in bullish territory. The total count of securities in bullish or bearish patterns rose 2% to 2195. The count of bearish stocks decreased 2%, while the count of stocks in bullish patterns increased 6%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market on the edge of its bullish territory. 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) rose 24 points. At -241, it continues below the January 2011 top and the November 2011 top, the July 2011 top, but has now risen back above the March 2011 bottom.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had two (2) Accumulation days and three (3) Distribution days. Of the other indexes, both the Diamonds Trust and the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 also ended the week in neither Accumulation nor Distribution mode.

Momentum: At Monday 4/16 close, the CCI(20) daily had 6 consecutive days below zero, resulting in the beginning of a Woodie’s down trend. This week the CCI(20) rose to 52.88 just above the +/-50 range for a valid ZLR (Zero Line Reject) entry point.

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 an up trend twenty-one weeks ago. The Daily CCI(20) began a Woodie’s down trend one week ago.

With the CCI(20) weekly now at 66.38, we continue to wait for it to drop back to the +/-50 range required for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive while only two the bottom five are negative. Bullish: S&P Retail (RLX) has re-entered the top five. Gold & Silver (XAU) has entered the bottom five. Computer Tech (XCI) has left the bottom five. Bearish: Disk Drives (DDX) and Semis (SOX) continue in the bottom five. Networkers (NWX) and Brokers (XBD) have entered the bottom five. REITs (DJR) has left the top five.

–Donald Pirl www.s2pmarketsignal.com

4-20-12 Market Commentary

dlpirl — Sun, 22 Apr 2012 23:03:42 +0000

Subscriber email sent 4-22-12:

Market Breadth: With last week’s market fractional decline, our Bull/Bear Point and Figure Ratio remained virtually unchanged falling from 1.03 to 1.02, again barely remaining in bullish territory. The total count of securities in bullish or bearish patterns fell fractionally to 2154. The count of bearish stocks increased fractionally, while the count of stocks in bullish patterns decreased fractionally. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market on the verge of losing its bullish territory. 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) fell 97 points. At -266, it continues below the January 2011 top and the November 2011 top, the July 2011 top, and has now fallen below the March 2011 bottom.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had two (2) Accumulation days and four (4) Distribution days. Of the other indexes, both the Diamonds Trust and the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 also ended the week in neither Accumulation nor Distribution mode.

Momentum: As expected in last week commentary, at Monday 4/16 close, the CCI(20) daily had 6 consecutive days below zero, resulting in the beginning of a Woodie’s down trend. We now wait for the CCI(20) to enter the +/-50 range for a valid ZLR (Zero Line Reject) entry point.

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 an up trend twenty weeks ago. The Daily CCI(20) began a Woodie’s down trend this week.

With the CCI(20) weekly now at 63.71, we continue to wait for it to drop back to the +/-50 range required for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive and all the bottom five are negative. Bullish: REITs (DJR) hs entered and leads the top five. Brokers (XBD), and Networkers (NWX) have left the bottom five. Bearish: Disk Drives (DDX), Comp Tech (XCI), and Semis (SOX) have entered the bottom five. Comp Tech (XCI) and S&P Retail (RLX) have left the top five. Oil (XOI) has left the bottom five.

–Donald Pirl www.s2pmarketsignal.com

4-13-12 Market Commentary

dlpirl — Sat, 21 Apr 2012 03:00:53 +0000

Subscriber email sent 4-20-12:

Market Breadth: With last week’s market decline, our Bull/Bear Point and Figure Ratio fell from 1.57 to 1.03, barely remaining in bullish territory. The total count of securities in bullish or bearish patterns decreased 6% to to 2157. The count of bearish stocks increased 19%, while the count of stocks in bullish patterns decreased by 22%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market on the verge of losing its bullish territory. 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) fell 278 points. At -169, it continues below the January 2011 top and the November 2011 top, and has now fallen below the July 2011 top.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had one (1) Accumulation day and five (5) Distribution days. Of the other indexes, the Diamonds Trust ended in Distribution mode while the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 also ended the week in neither Accumulation nor Distribution mode.

Momentum: The CCI(20) daily has dropped below the +/-50 range for a valid ZLR (Zero Line Reject) entry point and with five consecutive days below zero, is ready to shift into a Woodie’s down trend on Monday 4/16..

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 an up trend twenty weeks ago. The Daily CCI(20) began a Woodie’s up trend nineteen weeks ago.

With the CCI(20) weekly now at 72.13, we continue to wait for it to drop back to the +/-50 range for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five and bottom five industries are negative. Bullish: Comp Tech (XCI) and S&P Retail (RLX) remain in the top five. Oil (XOI) remains in the bottom five. Bearish: Networkers (NWX) has entered the bottom five. Brokers (XBD) and Disk Drives (DDX) remain in the bottom five. Gold & Silver (XAU) has left the bottom five.

–Donald Pirl www.s2pmarketsignal.com

4-6-12 Market Commentary

dlpirl — Sun, 08 Apr 2012 19:02:10 +0000

Subscriber email sent 4-8-12:

Market Breadth: With this week’s fractional market decline, our Bull/Bear Point and Figure Ratio fell from 1.80 to 1.57, remaining in bullish territory. The total count of securities in bullish or bearish patterns increased fractionally to to 2296. The count of bearish stocks increased 10%, while the count of stocks in bullish patterns decreased by 5%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market maintaining its bullish territory. 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) fell 114 points. At +109, it continues below the January 2011 top and is now back below the November 2011 top.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had one (1) Accumulation days and four (4) Distribution days. Of the other indexes, both the Diamonds Trust and the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 ended the week in Distribution mode.

Momentum: The CCI(20) is now back within the +/-50 range ready for a valid ZLR (Zero Line Reject) entry point when we get an uptick.

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 an up trend nineteen weeks ago. The Daily CCI(20) began a Woodie’s up trend seventeen weeks ago.

We continue to wait for the CCI(20) to drop back to the +/-50 range for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive and all of the bottom five are negative. Bullish: Comp Tech (XCI) and S&P Retail (RLX) have entered the top five. Gold & Silver (XAU) has re-entered the bottom five. S&P Retail (RLX) remains in the top five. Oil (XOI) remains in the bottom five. Bearish: Oil Services (OSX) has left the bottom five. Brokers (XBD) and Disk Drives (DDX) has entered the bottom five.

–Donald Pirl www.s2pmarketsignal.com

3-30-12 Market Commentary

dlpirl — Sat, 31 Mar 2012 22:49:46 +0000

Subscriber email sent 3-31-12:

Market Breadth: With this week’s fractional market rise, our Bull/Bear Point and Figure Ratio fell from 1.86 to 1.80, remaining in bullish territory. The total count of securities in bullish or bearish patterns increased fractionally to to 2288. The count of bearish stocks increased 2%, while the count of stocks in bullish patterns decreased by 1%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market maintaining its bullish territory. 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) fell 21 points. At +223, it continues below the January 2011 top and above the November 2011 top.

In this week’s volume analysis the Russell 2000 ended in Distribution mode. In the last two weeks it had three (3) Accumulation days and two (2) Distribution days. Of the other indexes, both the Diamonds Trust and the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 ended the week in neither Accumulation nor Distribution mode.

Momentum: We continue to wait for the CCI(20) to drop back into the +/-50 range for a valid ZLR (Zero Line Reject) entry point.

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 an up trend eighteen weeks ago. The Daily CCI(20) began a Woodie’s up trend sixteen weeks ago.

We continue to wait for the CCI(20) to drop back to the +/-50 range for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive and all of the bottom five are negative. Bullish: Internet IW (IIX) remains in the top five. S&P Rtail (RLX) has entered the top five. Oil (XOI) and Oil Services (OSX) remain in the bottom five. Bearish: Gold & Silver (XAU) has left the bottom five. Comp Tech (XCI), Brokers (XBD), Banks (BKX), and Semis PHLX (SOX) have left the top five.

–Donald Pirl www.s2pmarketsignal.com

3-23-12 Market Commentary

dlpirl — Mon, 26 Mar 2012 01:39:42 +0000

Subscriber email sent 3-25-12:

Market Breadth: With this week’s fractional market rise, our Bull/Bear Point and Figure Ratio fell from 2.03 to 1.86, remaining in bullish territory. The total count of securities in bullish or bearish patterns increased fractionally to to 2285. The count of bearish stocks increased 7%, while the count of stocks in bullish patterns decreased by 2%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market maintaining its bullish territory. 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) was unchanged gaining 54 points. At +244, it continues below the January 2011 top and is now back above the November 2011 top.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had four (4) Accumulation days and zero (0) Distribution days. Of the other indexes, the Diamonds Trust ended in neither Accumulation nor Distribution mode while the S&P 500 Deposit Receipts 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.) Last week also, the Russell 2000 ended the week in neither Accumulation nor Distribution mode.

Momentum: We continue to wait for the CCI(20) to drop back into the +/-50 range for a valid ZLR (Zero Line Reject) entry point.

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 an up trend seventeen weeks ago. The Daily CCI(20) began a Woodie’s up trend fifteen weeks ago.

We continue to wait for the CCI(20) to drop back to the +/-50 range for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive and all of the bottom five are negative. Bullish: Comp Tech (XCI), Brokers (XBD), Banks (BKX), Semis PHLX (SOX), and Internet IW (IIX) remain in the top five with Banks (BKX) continuing to lead. Gold & Silver (XAU) continues to lead the bottom five. Oil (XOI) remains in the bottom five. Computer Hardware (HWI) has left the bottom five. Oil Services (OSX) has re-entered the bottom five. Bearish: None.

–Donald Pirl www.s2pmarketsignal.com

3-16-12 Market Commentary

dlpirl — Sun, 18 Mar 2012 19:21:54 +0000

Subscriber email

sent 3-18-12:

Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio fell from 2.31 to 2.03, remaining in solidly bullish territory. The total count of securities in bullish or bearish patterns increased 34% to 2264. (We note however that provider data format changed slightly this week giving our calculations a higher total.) The count of bearish stocks increased 46%, while the count of stocks in bullish patterns increased by 29%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market maintaining its bullish territory. 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 the last twelve weeks, gaining 54 points. At +244, it continues below the January 2011 top and is now back above the November 2011 top.

In this week’s volume analysis the Russell 2000 ended in neither Accumulation nor Distribution mode. In the last two weeks it had four (4) Accumulation days and zero (0) Distribution days. Of the other indexes, both the Diamonds Trust and the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 ended the week in Accumulation mode.

Momentum: We continue to wait for the CCI(20) to drop back into the +/-50 range for a valid ZLR (Zero Line Reject) entry point.

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 an up trend sixteen weeks ago. The Daily CCI(20) began a Woodie’s up trend fourteen weeks ago.

We continue to wait for the CCI(20) to drop back to the +/-50 range for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive and three of the bottom five are negative. Bullish: Comp Tech (XCI), Brokers (XBD), and Banks (BKX) remain in the top five with Banks (BKX) leading. Semis PHLX (SOX) and Internet IW (IIX) have entered the top five. Gold & Silver (XAU) leads the bottom five. Oil (XOI) has entered the bottom five. Networkers (NWX) has left the bottom five. Bearish: Compuer Hardware (HWI) has entered the bottom five. Oil Services (OSX) has left the bottom five. S&P Retail (RLX) has left the top five.

–Donald Pirl www.s2pmarketsignal.com

3-9-12 Market Commentary

dlpirl — Sun, 11 Mar 2012 19:25:57 +0000

Subscriber email sent 3-11-12:

Market Breadth: With this week’s fractional market rise, our Bull/Bear Point and Figure Ratio fell from 2.73 to 2.32, remaining in solidly bullish territory. The total count of securities in bullish or bearish patterns decreased 11% to 1689. The count of bearish stocks increased 1%, while the count of stocks in bullish patterns decreased by 15%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market maintaining its bullish territory. 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 fourth time in the last eleven weeks, losing 186 points. At +190, it continues below the January 2011 top and has now broken below the November 2011 top.

In this week’s volume analysis the Russell 2000 ended in Accumulation mode. In the last two weeks it had four (4) Accumulation days and two (2) Distribution days. Of the other indexes, the Diamonds Trust ended in Accumulation mode while the S&P 500 Deposit Receipts 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.) Last week the Russell 2000 ended the week in neither Accumulation nor Distribution mode.

Momentum: In a very unusual move this week, the daily CCI(20) fell from above +100 to below -100 adn then rebounded back above +100. The Zero Line Reject (ZLR) pivot formed is outside the acceptable range of +/-50, so we continue to wait for the CCI(20) to drop back into this range for a valid ZLR entry point.

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 an up trend fifteen weeks ago. The Daily CCI(20) began a Woodie’s up trend thirteen weeks ago.

We continue to wait for the CCI(20) to drop back to the +/-50 range for a valid ZLR (Zero Line Reject) entry signal.

Industry Rotation the last two weeks: All of the top five industries are positive and all of the bottom five are negative. Bullish: Comp Tech (XCI), S&P Retail (RLX), and Brokers (XBD) remain in the top five. Banks (BKX) has entered the top five. Computer Hardware (HWI) and Semis PHLX (SOX) have left the bottom five. Oil Services (OSX) has entered the bottom five. Gold & Silver (XAU) has entered the bottom five. Bearish: Networkers (NWX) remains in the bottom five.

–Donald Pirl www.s2pmarketsignal.com