============================================================== 
                                   OLDER HOTLINES
==============================================================

1/18/2012  DJI = 12579 +97   la/ma=1.023   21-dma ROC=.69  P= 553 (+46)  IP21= .125    V= +95   OP= .107

        Reversing Buy B10 Today.  Excellent A/D Line but volume was low.
      12800-12900 is the next target.

1/18/2011        BREADTH STATISTICS:
             110 (+42)    MAXCP stocks   Bullish MAXCP Stocks   Bullish.
                 2 (-1)      Super-2011 Stocks making New Highs   
             65 (-57)  MINCP stocks    Bearish MINCP Stocks                      
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.

                       57 (+21) new highs on NASDAQ.   7 (-12) new lows on NASDAQ   Bullish.
                       86 (+27) new highs NYSE    9 new lows on NYSE        Bullish.   

1/18/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude

1/18/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:

  DIA' s   CP is uptrending    A close  0.87 BELOW its opening would bearishly break the CP uptrend
  Opening Power is rising.

   SPY's C's is uptrending.   It would take a Close 1.12 BELOW the Opening to break the uptrend
   Opening Power is rising. 

   QQQ's CP is uptrending.       
   It will take a close of more than 0.46  BELOW the Opening to break the short-term CP UP-trendline.  
   Opening Power is rising.

   GLD's CP broke its down-trendline and is considered uptrending.
   it would take a close of  1.22 ABOVE the Opening to break this CP-UP-trendline.   
  Opening Power is rising.

      1/18/2012                                    Narrative of Hotline 

      Today brought a Buy B10 from Peerless.  This repepresents a breakout and close above well-tested,
      flat resistance that goes back at least 40 trading days.   The P-Indicator and current Accumulation
      Index must be quite positive.  See http://tigersoft.com/PeerInst/-Buy-B10.htm    Automatic B10s average gains
      in the DJI of about 10% when next reversed by an automatic Sell  There have been 4 January Buy B10s.
      These averaged a DJI gain of +15.9% at the time of the next Peerless Sell. See the FIRST TABLE below.

      It is best to accept the small loss now in the short of DIA and any short sales whose Closing Power has
      broken out above its downtrendline or above the 65-dma. Following our suggestion, one would have
      shorted on Monday's opening at 125.04 and closed at today's close at 125.62.  Consider buying the most
      bullish (as ranked by the Power Ranker) of the Home-Building, Biotechs, Pipe-Line and Super-2011
      Stocks.

            HOME BUILDING:  HD 44.88  NVR 752.7
            BIOTECHS:    PCYC  16.39  BMRN 36.03  ELGX  12.48
            PIPELINES: MWE 56.39, WES  39.28
            SUPER 2011:  PCYC   16.39, AKRX  11.56, HCCI  20.86

     With the Buy B10, we must expect the general market to rise further.  Buy B10s have 4 times reversed a   
     Peerless Sell Signal, like now.  Only one brought a paper loss.  All of these brought significant gains.
     Three of the four brought gains of more than +17%.    See the SECOND TABLE below and the charts of  
     these four cases.

    FIRST TABLE             JANUARY B10s were all profitable.

         1/18/2012  DJI = 12579 
         la/ma          21-dmaROC  P-I Change               IP21       V-I      Opct.
          1.023             .69          P= 553 (+46)    .125    +95    .107 (low)

1/13/1967  835.13 +4.0%
    la/ma   21-dmaROC  P-I Change   IP21   V-I    Opct. 
    1.039  .273    135  21   .07    5   .221
 Bottom formation B10 after a Bear Market.   DJI rose immediately.  No paper loss. 
   ... Reversed at 968.49 on 3/16/67 by S12

1/7/1976   898.69 +12.3% 
    la/ma     21-dmaROC  P-I Change   IP21   V-I   Opct. 
    1.054    1.124   286   35  .20   2   .536      
 DJI rose immediately  .. Reversed at 1009.21 on 3/24/76 by S9  No paper loss. 

1/12/1989  2222.32  +24.7% 
    la/ma     21-dmaROC  P-I Change   IP21   V-I     Opct. 
    1.023   .454    118   21  .078   11   .185       
 DJI rose immediately  ... No paper loss...Reversed at 2771.09 on 10/4/89 by S9

1/31/1991  2736.39  +22.6% 
   la/ma     21-dmaROC  P-I   Change  IP21   V-I    Opct.
   1.058    .58     143   33  .116  12   .218
   DJI rose immediately  ... Reversed at 3353.76 on 4/15/92 by S9

    SECOND TABLE       Buy B10s have profitably reversed 4  Peerless Sells.
     

       Sell S8     5/28/1945    164       -1.0% On-Going Bull Market  
       BUY B10     8/24/1945    169.9    +17.2% 

       SELL  S9     1/7/58      447.8     -2.4%  Bear Market Bottom
       BUY   B10    2/4/58      458.7    +41.7%

       SELL  S2     9/3/68      900.36    -3.9%  On-Going Bull Market   
       BUY   B10    9/30/68     935.79    +4.5%

       Sell  S9V    8/12/96    5794.98    -2.3%  On-Going Bull Market 
       Buy   B10    9/13/96    5838.52   +17.0%  

Buy B10     8/24/1945    169.9   +17.2%

Buy   B10    2/4/58      458.7   +41.7%

Buy  B10    9/30/68     935.79    +4.5%

Buy    B10    9/13/96    5838.52   +17.0%

============================================================== 
                                   OLDER HOTLINES
==============================================================
1/17/2012  DJI = 12482 +60   la/ma=1.018   21-dma ROC=.641  P= 507 (+96)  IP21= .068    V= +80   OP= .118

1/17/2011        BREADTH STATISTICS:
             68 (-10)    MAXCP stocks   Bullish MAXCP Stocks   
             NEW  3    Super-2011 Stocks making New Highs   
             112 (+35)  MINCP stocks    Bearish MINCP Stocks        Bearish.                     
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.

                       36 new highs on NASDAQ.   19   new lows on NASDAQ   Bullish.
                       59 new highs NYSE   19 new lows on NYSE        Bullish.   

1/17/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude

1/17/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:

  DIA' s   CP's is flat     A close  0.53 ABOVE its opening would be a CP breakout.
                                  Opening Power is rising.

   SPY's CP broke its uptrend.   It would take a Close 1.00 ABOVE the Opening to
   restore the CP uptrend.    Opening Power is rising. 

   QQQ's CP bullishly still above its UPTrendline.       
   It will take a close of more than 0.17  BELOW the Opening to break the short-term CP UP-trendline.  
   Opening Power is rising.

   GLD's CP longer-term trading    DOWN-trendline is being challenged.
   it would take a close of only 0.19 ABOVE the Opening to break  this CP-DOWN-trendline.   
  Opening Power is rising.

      1/17/2012                                    Narrative of Hotline 

                                    Operative Peerless Signal is still a Sell S15.

                   S15s have always been profitable.  The biggest Paper loss selling short the DJI with one
                   was only 3%.  See http://tigersoft.com/PeerInst/-SellS15.htm

               A turning down now by prices would show that the Resistance
               the DJI has neen reached and the Bearish Seasonality for the next two weeks
               has won out.  Unless the DJI can close clearly above the resistance line,
               at 12550, the risks now are greater than the upside potentia.  The number
               of stocks making CLosing Power 52 week lows is almost twice the number
               making new highs.  This remains a defensive market.  Utility stocks,
               Pipeline stocks, Biotechs and Bonds are the favored groups, along with
               the exceptionally high performance stocks of 2011 (SUPER2011).

                   I thnk it is clearly bearish that IBM, the highest priced and most heavily weighted
                   DJI-30 stock shows a head/shoulders pattern with confirming red Distribution on
                   the right shoulder.
                                                                                        IBM Head/Shoulders, S9, S7s


                   Shorting the bearish MINCP stocks and buying some of the Bullish MAXCP stocks
                   has been our strategy, rather than shorting DIA, until this Monday's opening, when
                   shorting was recommended of DIA.   Hold the shorts for now.   The Openings have
                   been carrying the market higher, not the trading after the opening.  This past year
                   has been unusual in that.  Better gains this past year have generally been had waiting
                   for the Opening Power to break its uptrend rather than CLosing Power uptrend-breaks. 
                   The Opening Power uptrend is still rising, but its steep uptrend is becoming jagged and was briefly
                   broken Friday. 

                                                     DIA's Rising Wedge Pattern is Bearish.
                                                     Weak Closing Power and Rising Opening Power

                   A DIA close more than 0.53 above the Opening would be a CP upside breakout.

                   Selling when the Opening Power Broke its Trend-lines was profitable this past year.


                   Usually, weak closes and strong openings have meant Public Speculation or Overseas
                   Buying of US Stocks.  Ordinarily this is bearish.  But not always.  I have mentioned that
                   I believe that an Obama-Fed-Wall Street Financial Junta exists and may be buying Index Futures
                   in overseas trading before the Opening to try to keep the rally alive.   This may be a new
                  version of "Don't Fight The Fed".  Obama desperately needs a higher stock market in 2012
                  to continue to get Wall Street backing in our Money-Is-Everything Sytem now.  And he
                  hopes that there will be enough trickle down jobs created thereby to get the millions who
                  are marginally employed to turn out and vote for him as they did in 2008.
     
                   Besides this, we do not want to be stubborn.  .Professionals who do their buying mostly
                   after the Opening in NY have been known to switch from bearish to bullish when
                   they see that the Openings are just too strong to fight.  The CLosing Power now for DIA and
                   SPY have broken their lengthy downtrends in this rally, but have not made upside
                   breakouts from their narrow trading range.  If they do this, I would assume that the
                   Professionals have switched to buying and we should, too.  For now, the odds are 2:1
                   that there will be a DJI decline, based on earlier cases when we saw such sizeable
                   divergence between a rising Opening Powe and falling Closing Power in the major market
                   ETFs.   These divergences produce Tiger Stock Sell S7s.  See the study a few days ago.

                   I have emphasized the four year Presidential Cycle.  I think we should again look
                   back at how the stock market has behaved with a Democrat in the White House
                   running for re-election.  That means:
                                FDR in January 1936   --- Breakout without B10.
                                Truman in January 1948 --- Breakdown Sell S10s
                                LBJ in January 1964 --- Breakout without B10.
                                Carter in January 1980 - Multiple Sells and False Breakout
                                Clinton in January 1996. --- Breakout without B10.
                    Price breakouts in January and February of the Presidential Election year
                    that did not bring Peerless Sell Signals went significantly higher.  In early 1948 the
                    market broke down rather than up.  In February 1980, it made a false breakout
                    comoplete with multiple Sells. To me this suggests that a close above 12550 that
                    does not bring a new Peerless Sell should be taken as showing that the market
                    is too strong to stay short DIA.

FDR in January 1936

Truman in January 1948

LBJ in January 1964 (although one could also look at 1968)

Carter in February 1980

Clinton in January 1996.

=====================================================
                                      OLDER HOTLINES
=====================================================

1/13/2012  DJI = 12422 -49   la/ma=1.016   21-dma ROC=.456  P= 411 (+18)  IP21= .063    V= +52   OP= .012

                   Sell S15, Failure to Surpass Resistance and Bearish Seasonality
               Short the DIA.  Note how weak the Tiger Day Traders' Tool Looks.
               The risks now are greater than the upside potential.  Sell some
               of the long hedged positions, too.  Natural Gas Stocks' Breakdowns
               offer short sales.  However, a DJI close above 12560 would have
               to be considered a flat-top breakout.  This would require closing
               out the short DIA position. At this point, the DJI Futures are up 52,
               at 12462.


                  
                   The DJI started to fall back from resistance and then recovered most of what it lost.   This is
                   impressive behavior given, first, the escalating tensions between Iran and US and Israel and, two,
                   new threats to European bankers from Greece. We have not yet gone short SPY and have
                   been hedged instead.   But I think a decline is now setting up.  Traders should short DIA.  If the
                   DJI cannot get past resistance, it must seach for support and decline.  Seasonality is bearish for
                   the week after January 15th. The DJI only has risen 1/3 of the time over the next 5 trading days
                   since 1965 and only 51.1% of the time over the next two weeks. 

                  The Tiger Day Traders' Tool is breaking down to new lows.  This is distinctly bearish.


                  The main problem with shorting the index funds now is that the Closing Powers are starting
                   to break their downtrends.  It's too early to say that t hey have turned up, however.
                   Weak openings that may occur now with the Opening Power uptrend-line broken may not
                   be followed by weaker NY Closings.  A shallow retreat to the rising 65-day ma just
                   above 12000 is all I can expect at this stage.



                   See further below how we use whether the Opening Power and Closing Power are above or
                   below their 21-day ma to improve trading results.



  1/13/2011       BREADTH STATISTICS:
             78 (+23)    MAXCP stocks   Bullish MAXCP Stocks   
             NEW  3  (-1) Super-2011 Stocks making New Highs   
             77 (+24)  MINCP stocks   Bearish MINCP Stocks                            
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.

                       20 new highs on NASDAQ.   11   new lows on NASDAQ   Bullish.
                       55 new highs NYSE   12 new lows on NYSE        Bullish.   

1/13/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude

1/13/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:

  DIA' s  CP's is flat     A close  0.15 ABOVE its opening would be a CP breakout.
   Opening Power is rising.

   SPY's CP is flat. It would take a Close 0.20 ABOVE the Opening to achive an upside CP breakout.
   Opening Power is rising.  

   QQQ's CP bullishly still above its UPTrendline.       
   It will take a close of more than 0.10  BELOW the Opening to break the short-term CP UP-trendline.  
   Opening Power is rising.


   GLD's CP longer-term trading   DOWN-trendline is being challenged.
   it would take a close of only 0.15 ABOVE the Opening to break  this CP-DOWN-trendline.  
  The Opening Power is rising again.


       1/13/2012                                   Narrative of Hotline 
                             

WHAT MARKET MAKERS KNOW              A cutomer sent me a Zero-Hedge Link  showing the "profitability of being long Gold in the overnight              session and shorting it during the day".  We have these statistics available using Peercomm + Charts 2011              + GO1600 (Gold Perpetual contract) + Ind.3 + Tiger Basis of Move.  Whereas, they are taling about an              annualized gain of 43% a year, in theory where commisssions and slippage are not factors, we can achieve              a gain twice as large using the trend of the 21-day ma of Opening and Closing Power to decide whether              to go long or short.  See the Tiger chart below for just the last 12 months.  The results here are typical.              Bigger gains are made with individual Gold and Silver Stocks.  See NEM, PAAS and ANV.              Compare these results with DIA and QQQ, too.              The problem of slippage and commissions would have to be factored in before using this approach.              Market makers are in the best possible position to use this approach.  Commissions are zero and              the slippage they can strictly limit.  Tiger Users have to find trading vehicles with bigger gains than              the ones shown by Gold or DIA below.               In the attached chart GO1620, we see a breakdown that improves the results.                            Openings above its 21-day ma                                  148   X .002  =  .296 or 29.6%                                   In this case we would go LONG at the "Close" in NY and Sell at OPening in NY for                                 Gain of  +29.6%                            Openings below its 21-day ma                                   88 X -.001 =  - .088 or -8.1%                                   In this case we would go SHORT at the "Close" in NY and Cover at OPening in NY for                                  Gain of  +8.1%                            Closings above its 21-day ma                                   139 X .003 =      .417 = 41.7%                                    In this case we would go LONG at the Opening in NY and Sell the position                                    at the "Close" for                                   Gain of  +41.7%                              Closings below its 21-day ma                                    97 X -.003 =  - .291 = -29.1%                                    In this case we would go SHORT at the Opening in NY and Cover the position                                    at the "Close" for                                   Gain of  29.1% ------------------------------------------                          Sum =   over-night gains + NY session gains                        Sum = (29.6 + 8.1%)  + (41.7% +29.1%)                        Sum = 37.7 + 70.8%                            Sum of Gains = +108.5% .GOLD PERPETUAL CONTRACT  - B21 and S21s shown when both Openings and Closings are above their ma and vice verse. See the statistics at bottom of chart that TigerSoft generates.  The Summation stats will have to be programmed.

NEM - Gold Stock

PAAS - Silver Stock

ANV - Gold Stock

QQQ

=====================================================================
                                               OLDER HOTLINES
=====================================================================

1/12/2012  DJI = 12471 +22    la/ma=1.022   21-dma ROC=.439  P= 392  (116)  IP21= -.007    V= +43   OP= .004

  1/12/2011       BREADTH STATISTICS:
             55 (+4)    MAXCP stocks   Bullish MAXCP Stocks   
             NEW  4  (0 change) Super-2011 Stocks making New Highs         
                             
             86 (+24)  MINCP stocks   Bearish MINCP Stocks      Bearish.                            
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.

                       46 new highs on NASDAQ.   11   new lows on NASDAQ   Bullish.
                       57 new highs NYSE    6 new lows on NYSE        Bullish.   

1/12/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude

1/12/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
  
 
   DIA' s  CP's IS now above its CO down-trend-line     A close  0.10 BELOW its opening would restore the
    CP DOWNtrend.  Opening Power is rising.

   SPY's CP's minor UPtrend-line is restored.  It would take a Close 0.26 ABOVE the Opening to achive an
   upside CP breakout.

   QQQ's CP bullishly still above its UPTrendline.       
   It will take a close of more than 0.08  BELOW the Opening to break the short-term CP UP-trendline.  
   Opening Power is rising.


   GLD's CP longer-term trading   DOWN-trendline is being challenged.
   it would take a close of only 0.23 ABOVE the Opening to break  this CP-DOWN-trendline.  
  The Opening Power is rising again.


       1/12/2012                                                Narrative of Hotline 

       NYSE A/D Line is streaking to new highs ahead of the DJI.  This is bullish short-term.
        But the DJI needs to penetrate the resistance line it has reached.  S15s are very reliable,
        but can bring as much as a 3% paper loss.  A reversal down tomorrow would show the resistance
        has overcome the low volume buyers. The rising 65-dma as 12000 would be expected support.
        Traders will be nervous about holding positions over the weekend with US-Israeli tensions with Iran so high


                       HOW LONG CAN THE MARKET RALLY AGAINST AN S15
                                  BASED ON RISING OPENINGS ALONE?
                    
       If the DJI can breakout above the resistance it has now reached.
       it can advance perhaps 2.5% more and for 6-7 weeks more.  Read the details below....
       We remajn hedged, but we are not yet short the major market ETFs despite the Peerless Sells.. A reversal
       from resistance tomorrow would probably get me to advise shorting DIA.  But let's await market
       action.... 

       The biggest paper loss in the case of past Sell S15s was 3%. In our case the Sell S15 occurred
        with the DJI at 12418.42 on January 4th.   The DJI is now 53 points and only 1/2% higher than where
        it was when the Sell S15 occurred.  The could move up another 250 points and tag the 12500 resistance
        and still be within the range of past S15s.   

                       TIGER SELL S7s SHOW EXTREME DIVERGENCE BETWEEN
                  RISING OPENING POWER AND CLOSING POWER

        The Opening Power for the DIA (and the other major market ETFs) has been rising since November
        30th even though the Closing Power has been falling.  For the last 30 trading days we have seen this
        widening divergence.  The divergence causes Sell S7s to appear.   A cluster of two weeks or more
        Sell S7s is usually, but not always bearish.   The ratio of significant declines to significant rallies
        after a cluster of consecutive Sell S7s is 10:3.  See the tables below and the charts that are linked to.
        You can see that there are in 4 cases the cluster of S7s lasted between 7 and 13 weeks.


        Sell S7s can be placed on the DIA chart using the first choice under Ind-3 to show  this divergence.  
        Our software measures the divergence in a way that permits comparisons with the past.  Tiger calculates
        how far from its 65-day low to its 65-day high are PRice, Opening Power and  Closing Power are. 
        That is the meaning of the terms 65day-PR%, 65day-OP% and 65-dayCP%.



        The  values of each are shown on all initial TigerSoft stock charts.  For the DIA those numbers are:
                     65day-PR% = 100% (Price is at its 100-day high)
                     65day-OP% =  99% (Opening Power is 99% of the way up from its 100-day low to its high)
                     65-dayCP% = 19.9% (Closing Power is 19.9% of the way up from its 100-day low to its high)
        We measure the divergence between the CLosing Power Pct and the Opening Power Pct.
                     CP%-Pr% = -80.1% (19.9%-99%)
        Tiger B7s show when there is a bullish CP%-Pr% divergence greater than +.37 and
        Tiger S7s show when there is a bearish CP%-Pr% divergence with a value below -.37.

=====================================================================
                                               OLDER HOTLINES
=====================================================================

1/11/2012  DJI = 12449    la/ma=1.022   21-dma ROC=.259  P= 275  P= -87 IP21= -.019    V= +8   OP= -.088

1/11/2011       BREADTH STATISTICS:
             51 (-3)    MAXCP stocks   Bullish MAXCP Stocks   
             NEW  4  (-4) Super-2011 Stocks making New Highs         
                             
             62 (-18)  MINCP stocks   Bearish MINCP Stocks      Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                       35 new highs on NASDAQ.   10   new lows on NASDAQ   Bullish.
                       36 new highs NYSE    6 new lows on NYSE        Bullish.   

1/11/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude

1/11/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:

  The Openings' CP uptrend is intact.  The CLosing Powers have not established a clear trend. 
 
   DIA' s  CP's IS now above its CO down-trend-line     A close  0.10 BELOW its opening would restore the
    CP DOWNtrend.  Opening Power is rising.



   SPY's CP RESTORED its UPtrend-line.  It would take a Close 0.85 Below  the Opening to VIOLATE the
   CP UPtrendline.

   QQQ's CP bullishly still above its UPTrendline.       
   It will take a close of more than 0.05  BELOW the Opening to break the short-term CP UP-trendline.  
   Opening Power is rising.



   GLD's CP steep DOWN-trendline was broken.
   it would take a close of more than 0.78 BELOW the Opening to break  the new CPUptrend-trendline.  
  The Opening Power is flat.

                                                                 Narrative of Hotline

                   You can see below that the DJI has now rearched well-tested resistance.  This invites
                   profit-taking.   But so far, there are so signs of a reversal.  Even though, the DJI fell today,
                   there were 344 more up than down on the NYSE and the NASDAQ and SPY rose. 
                   Look below at the Tiger of the chart of NASDAQ-100.  It is on the verse of a flat topped
                   breakout.   It uses volume x price to weight stocks, rather than capitalization
                   as the QQQ does. By itself, a breakout here would be bullish, but we show a Peerless S15 and our
                   major market ETF charts show three factors which are usually bearish:
                                    1) low volume recenlty on the rally.
                                    2) red Distribution and
                                    3) Falling Closing Powers.  
                   See these in the Tiger chart of the QQQ below or DIA or SPY.

                   The stock market may continue to rally for the reasons mentioned here, but the potential
                   for a reversal now is also high.  Accordingly, our Stocks's Hotline is about evenly hedged,
                   long and short.  Until we see a much clearer break-down by the CLosing Power, a break
                   in the Opening Power Uptrend and the NYSE A/D Line, I would respect the potential for the
                   DJI to breakout above the resistance line it has reached and thereafter run to 12800.   So,
                   I would not short DIA, SPY or QQQ. 

                   The markets have shown great strength given the worsening Middle East situation.  But
                   it will not be able to do this if fighting breaks out.  Without the US President acting as a
                   peace-maker, violence is likely to escalate into war there again.  Remember that an
                   assassination started World War I.                

                               "The Strait of Hormuz is the greatest choke point in the world." NY Times.             

                   In December, Iran warned the US and Europe that any embargo imposed on Iran's oil exports
                   as a way to rein in its nuclear program would get Iran to close the Sraits of Hormuz.   Today a
                   fourth Iranian nuclear scientist was assassinated.  The US and Israel deny any hand
                   in the killing of the scientist.  The US also denies that the sending of a second aircraft carrier
                   group to the Arabian Sea is related to escalating tensions with Iran.  If the CIA and the Mossad
                   were involved, and they are the logical suspects, the truth will come out and Iran will be
                   angrier, more vengence-minded and more determined than ever to be on an equal atomic
                   weapons' footing with Israel. Iran will present its evidence against Israel in this to the United Nations.
   
                   The problem, as I see it, is that the US has put itself in the position of protecting the
                   Israeli right-wing Likud Party and its leader.  These are the people who expand |Jewish settlements
                   in formerly Arab lands and are trying to supress public protests about this.  They consider peace
                   with the Arabs unsafe and impossible.  They are even being accuseed of turning Israel into a dictatorship.
                   So much so, that the head of the Mossad resigned and called Netanyahu "reckless and irresponsible...
                   Netanyahu's decisions are driven by the same right-wing neocons that drive the U.S."
                         Benjamin Netanyahu 'turning Israel into a dictatorship' - Telegraph 
                         Israel government 'reckless and irresponsible' says ex-Mossad chief
                         Ex-Mossad Chief: Radical-Right Jews More Dangerous than Iran

                  
                  

                   This situation seems likely to worsen and become still more dangerous.  Whereas Pres Carter
                   and Pres. Clinton could act as peace-makers and honest brokers, Obama is following Bush's
                   example of non-leadership in bringing about peace and choosing, as Bush did, to give unconditional
                   backing to Israeli aggressions.   The dynamics of this situation will probably, therefore, spiral more and
                   more out of control.  At some point, we will probably see a shutting off of the flow of oil through the
                   Strait of Hormuz, which borders Iran.  This would disrupt one third of the world's oil tankers.
                   Dec/28. 2011 Iran navy chief: Shutting off Gulf 'really easy' -  At its narrowest, the strait is
                   34 miles wide.  The oil traffic lane is 6 miles wide.   14 tankers carrying 15.5 million bar.
                   of crude oil pass through daily.  It is the only sea passage for oil produced by Iraq and
                   large parts of this region's oil. ( http://en.wikipedia.org/wiki/Strait_of_Hormuz    )
             
                                         

Tiger Index of NASDAQ-100    Note Flat top.  We will watch this closely in the coming days.

QQQ Tiger Chart with volume

=====================================================================
                                               OLDER HOTLINES
=====================================================================

1/10/2012  DJI = 12462    la/ma=1.024   21-dma ROC=.455  P= +362 +183- IP21= -.004    V= +30    OP= .006

1/10/2011       BREADTH STATISTICS:
             58 (+4)    MAXCP stocks   Bullish MAXCP Stocks   
 NEW  8 Super-2011 Stocks making New Highs                                      
              80 (0)  MINCP stocks   Bearish MINCP Stocks      Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                       59  new highs on NASDAQ.   16   new lows on NASDAQ   Bullish.
                       69 new highs NYSE    9 new lows on NYSE        Bullish.   

1/10/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude
                               
                                      DJI and Peerless Signals/Internal Strength Indicators
                                 A move back below 12200 would be a bearish false breakout

1/10/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's bearishly broke its short-term uptrend-line     A close  0.39 ABOVE its opening would restore the
   short-term  CP Uptrend.  Opening Power is rising.

   SPY's CP broke its UPtrend-line.  It would take a Close 0.63 ABOVE the Opening to restore the
   CP UPtrendline.

   QQQ's CP bullishly still above its UPTrendline.       
      It will take a close of more than 0.08  BELOW the Opening to break the short-term CP UP-trendline.  
      Opening Power is rising.

    GLD's CP steep DOWN-trendline was broken.
  it would take a close of more than 0.78 BELOW the Opening to break  the new CPUptrend-trendline.  
  The Opening Power is flat.

                                                                 Narrative of Hotline

         DJI Threatens A New Breakout despite Sell S9 and Sell S15.  I would remain hedged: long Bullish
         MAXCP stocks and short BEARISH MINCP stocks.  I would not yet go short the major market ETFs.
         The SUPER STOCKS of 2011 are doing very well. Those making new highs with high AI/200 (>145)
         or with an IP21>.23 are moving up nicely, as hot money is concentrated in a smaller number of
         high performance stocks. These are shown here.



         A subscriber asked late today whether I have done a study to show the returns of waiting for an A/D Line
         trend-break to clinch Sells and Buys.   I have not quantified it.  But it's clear that in the vast majority of
         cases, taking the automatic signals is best.  But, not always.  And it is when the Sells do not work out
         that I am concerned about, to reduce risk.  The clearest cases are June 1987 and January 1999 (using
         the pre-2007 software that did not take into account the four year Presidential cycle.)

         So why have I thought it best to delay shorting the major market ETFs here until there was more evidence
         of a true top?  It is a matter of judgement, to be sure. But here are the main reasons:

         1) Technically, flat tops beckon for breakouts.  Professionals understand that if a new high is made
         above a flat top, it will cause a great deal of short covering and breakout buying.  The DJI chart
         above shows we have seen the first flat resistance breakout.  Now the DJI is just below the resistance
         line of the second   That is why I have said the DJI might be able to achieve a nominal new high
         above 12800 on this run.

         2) Interest rates as low as we see now are unprecedented.  They support the market and keep the
         NYSE A/D Line uptrending.  When the A/D Line is stronger than the DJI, as it is now, Sell S9s and
         Sell S12s do not appear.  In 1977, 2001 and 2002 we also saw better breadth than the DJI.  In these cases,
         the general market did not  turn down until there was a break in the A/D Line uptrend.  There was
         plenty of profit still to be had in short sales by waiting for this. 

         3) The strength in the Dollar and the US Stock market for the last year is attracting foreign capital.
         This boosts defensive stocks and the DJI-30 for a while.  

         4) The most important element in all this is my sense that the triumverate (Obama-Big Wall Street Banks- Federal
         Reserve)  have been ARTIFICIALLY boosting the market since March 2009.  Low volume has been no problem
         for them in all this.  Why woud they stop artifically boosting the market now that we are in a Presidential
         Election Year when supporting the market is essential in their maintenance of political power?

         The rally has been artifically lifted partly by Big Wall Street Banks' buying index futures before the opening
         in NY and partly by a steady stream of computerized buy orders and very limited short selling.  Realize that
         75% of all NY trades now are computer driven from the Big Banks, especially Goldman Sachs. The Fed, for its
         part,  has provided a trillion dollars in liquidity to the big banks with no strings and interest rates approaching
         zero.   Obama has taken Wall Street off the hook for the Crash of 2008 and has not prosecuted Wall Street fraud,
         demanded lower CEO pay or more investment in the US and has even prevented enforecment of Administrative 
         Law forbidding mis-use of customer funds.   Wall Street has bought Obama.  His populist rhetoric is empty and
         used very cynically.   In return, the computerized traders from the big banks have avoided the short side for
         most of the advance from March 2009, despite the weak economy.  All this is part of an unwriten agreement,
         I contend, that holds together this Financial Junta that runs America now.   I have been posting Blogs about this
         since March 2008.  Now many others, including Conservatives agree with this popuist interpretation of the
         huge rise in stock prices despite Main Street's high unemployment and growing pauperization.  I urge you to read
         what these Conservatuves say,  Some are even joining the Occupy Wall Street movement.

The Dirty Little Secrets         of MF Global Bankruptcy. MF Global broke lots of regulations and rules on keeping customer money separate from its own trading accounts, and used some of its clients’ funds to invest in sovereign bonds issued by indebted European countries. When its leveraged bets lost, some customers like Koch Brothers and JP Morgan got advance word, before bankruptcy was declared. Ex-Goldman and Democrat Corzine lobbied the Democrat and ex Goldman Gary Gensler who ran the Commodities Regulation Board (CFTC) hard to weaken enforcement of rules protecting customers of MF Global customers. Source. Corzine-Gensler the Goldman Connection

        

        
         I came across such a site today,           
              http://fellowshipofminds.wordpress.com/2011/11/23/why-the-collapse-of-mf-global-should-concern-you/
        
         Now they know that they must keep lifting the market if Obama is to be re-elected. They all have gambled
         that a higher market will bring enough extra spending by investors and boost business confidence enough to
         increase the number of jobs in the US.  Only if millions of those who were unemployed in 2008-2009-2010
         do get jobs or see better prospects will Democratic voters actually turn out again and vote.

=====================================================================
                                               OLDER HOTLINES
=====================================================================

1/9/2012  DJI = 12393 +33   la/ma=1.02   21-dma ROC=.193  P= +179 +30- IP21= -.036   V= -30    OP= -.099

1/9/2011      BREADTH STATISTICS:
       54 (+14)    MAXCP stocks   Bullish MAXCP Stocks   
      New --->   Hot Industry - Biotech New Highs                                                 
       80 (+6)  MINCP stocks   Bearish MINCP Stocks      Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      37  new highs on NASDAQ.   25   new lows on NASDAQ   Bullish.
                       78 new highs NYSE    10 new lows on NYSE        Bullish.   

1/9/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude
                               
                                      DJI and Peerless Signals/Internal Strength Indicators
                                 A move back below 12200 would be a bearish false breakout.

1/9/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's bullishly broke its downtrend-line     A close  0.20 BELOW its opening would bearishly break the
   short-term  CP Uptrend.  Opening Power is rising.

   SPY's CP broke its Downtrend-line.  It would take a Close 0.20 below the Opening to restore the
   CP downtrendline.

   QQQ's CP bullishly broke its DownTrending.yesterday.         
      It will take a close of more than 0.25  BELOW the Opening to break the short-term he CP UP-trendline.  
      Opening Power is rising.

    GLD's CP steep DOWN-trendline was broken.
  it would take a close of more than 0.78 BELOW the Opening to break  the new CPUptrend-trendline.  
  The Opening Power is flat.


                                                 Narrative of Hotline

1/9/2012     Sell S15 and Sell S9 Versus Biotech Breakouts. 

We still have no clinching of the Sells using
the key general market CLosing Powers' Uptrend-Breaks
or a break in the rising NYSED A/D Line.  But volume is
very low.  A breaking of the A/D Line uptrend when
it is stronger than the DJI can bring a substantial decline:
1977, 2001 and 2002 are the best examples.  So stay hedged,
but below are some biotech speculations to play on the
long side.   

Today a biotech, INHX (see chart below), that specializes in developing a drug to
fight hepatitis, jumped 140% on a buyout by BMY.  In 2001, they paid top dollar
for Imclone just before the general market fell sharply   Recall that VRUS, which
we recommended for long-term investors and a leader in developing new methods
to fight the world-wide scourge of hepatitis,  was bought out two months ago at
a huge premium.  Very often when one stock is bought out at a big premium,
others in the same industry become the objects of similar takeover bids.  And
recall what I said about this being a narrow market, where hot-preformance money
is focused on a relatively small number of stocks and how, as a result, this environment
often brings stellar short-term gains to any stocks making new highs. 

Today 18 biotechs rose more and 6% today. I consider only one of them, ACHN,  to have
met our BUY standards for a current Accum. Index (IP21) value of greater than .23.
BMRN is also consider a Buy because of the flat topped breakout, AI/200>145 and
IP21>.22. 

Growth Biotechs often top out last in a bull market and sometimes refuse even to decline.
 
    
      Symbol    Name                       Price     Gain Today    AI/200  IP21   Comments
     --------------------------------------------------------------------------------------------------------------
      INHX          Inhibitex                   23.7          140%           133        -.08  Insiders knew of buyout.
     IDIX            Idenix                     9.66            37%             96           .06
      ACHN         Achillon Pharm        9.72            22%             84           .23 High volume breakout BUY
      HRT            Arryhythmia             3.84           14%            100        + .27  very thin. Tax loss selling ended.
      VVUS         Vivus                     11.65            14%             58        -.10
     
      TELK        Telik                          0.19           11%             17         -.11  Tax loss selling ended.
      CBLI          Cleveland Bio          3.74            10%             70          .16   Tax loss selling ended.
      ITMN                                       16.64            10%           100        -.20  Tax loss selling ended.
      ZLCS                                        1.27              9%             72         -.05  Tax loss selling ended.
      QCOR       Questcor                42.14              8%           144        -.13  Rebound from 65dma
     
       XOMA       Xoma                      1.39              8%             51          .02  Tax loss selling ended.
       CGEN       Compugen               5.49             7%            130          .13  5.75 is 12-mo high resistance.
       DCTH       Delcath                   4.16             7%              52         .16  Tax loss selling ended.
       MDVN       Medivation             52.8              7%              79        -.08  New High
        DVAX      Dynavax                 3.52             6%              76         .25  New Closing High
      
        ELN          Elan                      13.88             6%            148         .17   Closing Power is lagging
       JAZZ         Jazz Pharm          48.2              6%            129        .18
       SPPI        Spectrum              15.5              6%            154       .18  Nice flat topped breakout BUY.
       Also
       ARIA        Ariad Pharm            13.79          1%             133     .05  New High
        BMRN    Biomarin                   37.17          1%             172   .222 New High Breakout Buy

                                                 Highest IP21 (Current Accum) Biotechs
        

DJIA

INHX

Best Performing Stocks of 2011 that make new highs are objects of speculation    by high-performance Growth Funds.  Download SUPER11 from Tiger Data Page and run    the ANALYZE/RANK from Peercomm.  Then clicj Peercomm _ Charts-2011 + Tiger Selections +    Tiger Groups + 22 New Highs.  Tonight 7 stocks appear here:  ACHN, GLNG, INHX, JAZZ, SIMO, SPPI    and VRUS. If the I21 is over .22, any of these stocks usually goes much higher.  Exceptional momentum    nearly always attracts the high performance crowd.                                                                      New Highs among Highest Performance Stocks of 2011                                                             with an IP21 > .23                                                                                 Symbol        Price      AI/200       IP21   200-day Performance                                 ACHN         9.72       84 (low)    .23      +167%                                 SIMO         22.95      136           .26        +440%     Because any of these stocks that makes a new high is apt to get addional buying on the new high,     instead of looking for new highs, it pays to let Tiger's Power Ranker find you the stocks that     are within 4% of their 12-month highs.  This is the "ALMOSTNH" list produced by the Power Ranker.     With this list I like to find the highest AI/200 stocks.  LQDT shows an AI/200 score now of 194     and ALXN has an AI/200 score of 152 and an IP21 of +.15.  Both should be bought on new highs,     I think, though the Peerless Sells may limit their advances if the market weakens and falls to the lower     band.

   

====================================================================================
                                                          OLDER HOTLINES
====================================================================================
              Hotline 

1/6/2012  DJI = 12360 -56    la/ma=1.018  21-dma ROC=.206  P= +162 (-14) IP21= -.022   V= -33    OP= -.078

1/6/2011      BREADTH STATISTICS:
       40 (-13)    MAXCP stocks   Bullish MAXCP Stocks                                                     
       74 (+9)  MINCP stocks   Bearish MINCP Stocks      Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      28  new highs on NASDAQ.   21   new lows on NASDAQ   Bullish.
                       43 new highs NYSE       9 new lows on NYSE        Bullish.   

1/5/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
  DIA  SPY QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD SLV  Crude
                               
                                      DJI and Peerless Signals/Internal Strength Indicators
                                 A move back below 12200 would be a bearish false breakout.

1/6/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's bullishly broke its downtrend-line     A close  0.45 BELOW its opening would bearishly break the
   short-term  CP Uptrend.  Opening Power is rising.

   SPY's CP broke its Downtrend-line.  It would take a Close 2.0 below the Opening to restore the
   CP downtrendline.

   QQQ's CP bullishly broke its DownTrending.yesterday.         
      It will take a close of more than 1.57  BELOW the Opening to break the short-term he CP UP-trendline.  
      Opening Power is rising.

    GLD's CP steep DOWN-trendline was broken.
  it would take a close of more than 2.6 BELOW the Opening to break  the new CPUptrend-trendline.  
  The Opening Power is flat.


                                                 Narrative of Hotline

1/6/2012     Sell S15 Adds to Bearishness of Sell S9.  
     Will the DJI breakout on the low volume we now see and overcome the
        continuing (red) distribution shown by the Tiger Accumulation Index? 
        The 2:1 bearish seasonality of the first ten weeks of the 4-Year Pres. Election Year
        argues against a valid breakout or an extended advance until there is first a
        first quarter pull-back. The market's ladership is very defensive now.  It's hard to find a
        good long position showing bulging Accumulation. 

        But a 3% additional DJI advance is still possible.  For that to happen
        the Closing Powers of the general market ETFs will need to establish new uptrends
        and break decisively above their downtrends.   Right now, they seem to be deciding
        which way to jump.

        In additon, we would expect to see new strength in one of more high priced
        DJI-30 stocks.  This is necessary because the Dow Jones Ind. Avg is entirely
        price weighted.  A $100 stock has 3x the weight of a $33 stock.  The high priced
        DJI stocks that might lead a rally do not look strong enough now.  But things
        could change.   If MSFT can rise 10% in the last 4 days, perhaps IBM at 182
        might, too.  Presently, it tooks weak.

        IBM - 182.54:  Below its 65-dma, CP made a 10 week low and IP21= -.131
        and is below is ma.

         CVX - 108.31 - at 5x tested  flat resistance.  This will need to breakout if
         the DJI is going to make a good advance.

         MCD - 100.6 - IP21= -.093 CP is in downtrend.

         XOM - 85.12 - IP21= -.025 ...88 will need to be exceeded.

         The best chance would seem to be if the oil stocks CVX and XOM were to turn up.
         It would seem that it will take a further rise in oil prices and oil stocks, particularly
         CVX and XOM, to propel the market significantly higher.  An increase in international
         tensions between Israel and Iran is certaintly a possibility.  But working against
         that would be a military withdrawl by the US from Iraq and Afghanistan.  The US
         military currently consumes $60 billion in oil a year.

         The EURO's weakness is continuing.   It would seem that it is only a matter of
         time before Greece must restore its own national currency.  If Greece reclaims its
         control of Greek monetary and fiscal policies, other countries may demand the same
         powers, especially if the current British-German-French and Brussels Deflationary
         policies turn a Recession into a Depression as they did in the 1930s.  The weakness
         in the EURO and foreign ETFs generally suggest to me that the biggest threat
         to the US markets is world-wide Deflation.  That need not bring a big decline in
         US stocks, however, below the lower band or immediately.  The strong Dollar better
         allows interest rates to be kept at very low levels here, which in turn, props up all the dividend
         plays and bond funds on the NYSE     The strong Dollar also invites foreign investing
         in US stocks.  Note that this also helps explain the rising Opening Power we see.

                                                        WHAT TO DO

         Increase the ratio of short sales to long positions.  But wait to go short SPY or
         DIA until the minor Closing Power uptrends are violated.

EURO

Foreign ETFS

European SP-350

US DOLLAR

-----------------------------------------------------------------------------------
                      OLDER HOTLINES
-----------------------------------------------------------------------------------
 1/5/2012  DJI = 12416 -3   la/ma=1.024  21-dma ROC=.312  P= +162 (-50)  IP21= -.005   V= -26    OP= -.006

   1/5/2011     BREADTH STATISTICS:
       53 (+23)    MAXCP stocks   Bullish MAXCP Stocks                                                     
       65 (-33)  MINCP stocks   Bearish MINCP Stocks       Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      21  new highs on NASDAQ.   10   new lows on NASDAQ    Bullish.
                       58 new highs NYSE       7 new lows on NYSE       Bullish.   

1/5/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude
                               
                                       DJI and Peerless Signals/Internal Strength Indicators
                                 A move back below 12200 would be a bearish false breakout.
 
   1/5/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's bullishly broke its downtrend-line     A close  0.45 BELOW its opening would bearishly break the
   short-term  CP Uptrend.  Opening Power is rising.


  
   SPY's CP broke its Downtrend-line.   It would take a Close 2.0 below the Opening to restore the
   CP downtrendline.





   QQQ's CP bullishly broke its DownTrending.yesterday.        
      It will take a close of more than 1.57  BELOW the Opening to break the short-term he CP UP-trendline.  
      Opening Power is rising.

    GLD's CP steep DOWN-trendline was broken.
  it would take a close of more than 2.6 BELOW the Opening to break  the new CPUptrend-trendline.  
  The Opening Power is flat.



                                                 Narrative of Hotline

1/5/2012    Sell S15 Adds to Sell S9.   But CP Downtrend-Breaks
Suggest A Little More Strength.  What is the OBAMA-FED
-Wall Street Triumverate up to?

    Since World War II, there were extensive rallies only 5 times in Januaries
of a Presidential Election year.  That is 5 in 16 cases, or 31.3% of the time.   Two of these
ended by mid February.  So, the upside would seem to be limited unless the
Obama Administration - Fed - Wall Street Junta pull out all the stops early
this year because of how dire the employment picture is for millions,  They may
do that, out of panic!  Obama still needs the many fast disillusioning DEM voters to
turn out and vote.  Here are some links to consider. Murdoch's  Fox is not the most
trustworthy source of information.  So read critically with all due cynicism:
      January Surprise: Is Obama Preparing a Trillion-Dollar Surprise.,
  and White House Denies $1 Trillion Mortgage Fix: Report

       Usually, Presidents wait a few months before doing what they can to boost
the stock market and the economy,   That is the main reason, I think that there are
a lot more cases where a Jan-Feb decline occurs in the Presidential Election years. 
There were 10 cases of January declines, 2 instances where the the peak was in February
and 1 example of a December peak.

               Most Often -  First Quarter Declines (red) in Presidential Election Year

1948  1/2/1948 peak 181.00 and decline to 165.70 on 2/10
1952  1/21/1952   peak 274.10 and decline to 258.50  2/20/1952 
1956  1/3/1956   peak 500.5 and decline to 465.70 on 2/14/1956
1960  1/4/1960   peak 679.10 and decline to 599.10 on 3/8/1960
1964   RALLY no decline
 
1968  1/8/1968   peak 908.92 and decline to 826.13 on 3/21/1968
1972  1/12/1972   peak 910.82 and decline to 899.15 on 1/26/1972 (Shallow)
1976  RALLY no decline
1980  RALLY until Feb peak 2/13/1980 and then 16% sell-off
1984  1/9/1984   peak 1286.22 and decline to 1134.21 on 2/22/1984
 
1988  1/6/1988   peak 2037.80 and decline to 1879.14 on 1/20/1988
1992  RALLY no decline.
1996  1/4/1996 peak 5173.84 and decline to 5032.94 on 1/10/1996 (Very shallow)
2000  1/14/2000 peak 11722.98 and decline to 5856.53 on 3/8/2000
2004  no Jan peak but Feb peak. 2/11/2004 10737.70 and decline to 10063.64 on 3/23/2004
 
2008  no Jan peak. Decline to 11971.19 on 1/22/2008 
         

                       WAIT BEFORE SHORTING

        The breaking of the Closing Power downtrends should boost the market a little longer. 
I suggested a night ago waiting to see what today's close would bring before adding to shorts or
shorting SPY.  Since the close was above the opening in NY, we should still be hedged,
rather than in a bearish position.  We probably should now wait for the minor CP uptrend to be broken before considering the Sells "clinched" and going short SPY and more bearish
MINCP stocks.

                         A NEW TRILLION DOLLAR STIMULUS

        New year optimism is helping lift the NASDAQ a little now.  But the upside is probably
limited, unless Obama and the Fed announce important new stimulus programs, especially
in construction and home-building.  Home Building stocks have definitely turned up.  
While finance stocks generally are in doubt.  Big banks have heard something they like
from the Wall Street-Fed-Obama junta that they back. 

7 BIG BANKS

HOME_BUILDING

WHERE REAL POWER NOW LIES IN THE US New readers of our Hotline may wish to see the many Tiger Blogs I have written on the subject of the Wall Street - Obama - Fed Reserve Triumvirate.  "AXIS", "CABAL" or "FINANCIAL JUNTA" also describe this secret power elite.    Secrecy is needed to avoid public accountability.                     3/18/2009   TigerSoft Blog:  Obama Coddles Wall Street Crooks          9/17/2009   TigerSoft Blog     The Secret Deal Obama, The Fed and Wall Street Have Reached          4/4/2010   TigerSoft Blog       Wall Street's Dirty Little Secret - Why The Market Keeps Rising                                                        http://www.tigersoftware.com/TigerBlogs/April-9-2010/Index.html

 

   S15, P-NC of NH, rising A/D Line, AI NC, VI-NNC, low volume
   DIA - Day Traders still prefer Selling the opening.

                 Day Traders Are Still Selling


-----------------------------------------------------------------------------------
                      OLDER HOTLINES
-----------------------------------------------------------------------------------

1/4/2012  DJI = 12418.42  la/ma=1.025  21-dma ROC=.393  P= +211 (-35)  IP21= -.045   V= -4    OP= .10

      1/4/2011     BREADTH STATISTICS:
       30 (+5)    MAXCP stocks   Bullish MAXCP Stocks                                                     
       98 (+13)  MINCP stocks   Bearish MINCP Stocks       Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      10  new highs on NASDAQ.   16   new lows on NASDAQ    Bearish.
                       45 new highs NYSE       7 new lows on NYSE       Bullish.   

1/4/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude
                               
                                       DJI and Peerless Signals/Internal Strength Indicators
                                 A move back below 12200 would be a bearish false breakout.

   1/4/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's is at its downtrend-line     A close  ABOVE its opening would bullishly break the
   longer-term CP downtrend.  Opening Power is rising.
  
   SPY's CP is at its DOWNtrend-line.  A close ABOVE the Opening will break  the CP longer-term DOWN-trendline.  
   Its Opening Power is uptrending.       

   QQQ's CP bullishly broke its DownTrending.yesterday.        
      It will take a close of more than 0.81  BELOW the Opening to restore  the CP DOWN-trendline.  
     Opening Power is rising.

  GLD's CP steep DOWN-trendline was broken.
  it would take a close of more than 0.75 BELOW the Opening to break  the new CPUptrend-trendline.  
  The Opening Power is flat.

                                                 Narrative of Hotline

1/4/2012    New Sell S15 Adds to Sell S9.  
The DJI's Partial Breakout Today Saw Only A Narrow Advance.

The Peerless S15 occurs when the DJI reaches the upper band
with good momentum but with Down Stock Volume so high that
the V-Indicator is is negative territory and the Accumulation
Index also shows weakness.  It is an unusually reliable
signal.  In 11 previous occurrences, there were only two
small paper losses.

There were 46 more down than up on the NYSE
as the DJI made another marginal recovery high.

                              WHAT TO DO

The Sell S15 should get us to add to our short positions
from among the bearish MINCP stocks and reduce long positions
provided the Closing Powers turn down tomorrow.  If SPY's CP
does turn down,  I would go short SPY because of the reliability
of the Sell S12.  But wait until the close tomorrow.  SPY's Closing Power
could on a strong close break above its downtrend.  That would
be short-term bullish.  A breaking of the NY A/D Line uptrend
would also serve to clinch the Sell S15 if you wish to wait for
more evidence of a reversal..

-----------------------------------------------------------------------------------
                      OLDER HOTLINES
-----------------------------------------------------------------------------------
    1/3/2012  DJI = 12397.38  la/ma=1.025  21-dma ROC=.372  P= +246 (+109)  IP21= -.09   V= +1    OP= .01

      1/3/2011     BREADTH STATISTICS:
       25 (-7)    MAXCP stocks   Bullish MAXCP Stocks                                                     
       85 (+23)  MINCP stocks   Bearish MINCP Stocks       Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      8 new highs on NASDAQ.   18   new lows on NASDAQ    Bearish.
                       56 new highs NYSE       6 new lows on NYSE       Bullish.   

1/3/2012 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  Most groups still have a plurality of stocks below their 65-dma. Defensive groups are still favored.  BEARISH   
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude
                               
                                       DJI and Peerless Signals/Internal Strength Indicators
                                 A move back below 12200 would be a bearish false breakout.




 

  1/3/2012 ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's is downtrending.     A close 0.83ABOVE its opening would bullishly break the
   longer-term CP downtrend.  Opening Power is rising.



   SPY's CP is DOWNtrending.   It will take a close of more than 0.12  ABOVE the
   Opening to break  the CP longer-term DOWN-trendline.      QQQ's CP bullishly broke its DownTrending.     It will take a close of more than 0.32  BELOW the
   Opening to restore  the CP DOWN-trendline.  

  GLD's CP steep DOWN-trendline was broken.
  it would take a close of more than 4.10 BELOW the Opening to restore the CP DOWN-trendline.  
  The Opening Power is short-term rising.

                                                 Narrative of Hotline

1/3/2012    Sell S9.   The Partial Breakout Today
Does Not Over-Ride the Sell. We should
stay hedged.  A DJI decline now back below
12200 would be bearish.

A further breakout could still bring the DJI up to 12800.
When the P-Indicator turns clearly positive and the
NYSE A/D Line confirms the new highs, aa now, an additional
2%-3% rally typically occurs. A Closing Power break
in the CP downtrends will be needed for that.

Today's rally did bring the DJI's close slightly above its
lower flat resistance line.  Breakouts above well-tested and
flat resistance going back more than 40 days still must be respected
even without a Peerless Buy.  The NYSE A/D Line moved up
an impressive +1655 today.  It has risen to its flat resistance
line running through its June and November 2011 peaks.
See the DJI chart below.

Closes above the openings for DIA, SPY and QQQ tomorrow will probably break
these key ETFs' CP downtrends.  This would be a victory for Opening
Power.  Usually Closing Powers win.  But when Professionals are wrong,
they are not stubborn.  They adapt and play the momentum and the path
of least resistance

The biggest technical problem the DJI has now is
the negative Accumulation Index readings.  This shows that the
institutional selling on strength has not yet been overcome.
Negative readings from the Accum. Index are common as a stock
or an index rallies back into overhead supply on low volume, as now.
That overhead supply may still be overcome.

I think we have to give the market still more chance to
rally despite the operative Sell S9.  Stay hedged, but
watch the short sales.  If the CLosing Power for a short
sale breaks its downtrend or the stock closes clearly
over the 21-dma, I would cover it, because of how Januaries
frequently lift the most defeated stocks of the previous years.

The documentation on the Sell S9 is being re-written.  I will
work on it some more tomorrow. See Sell S9 and  Buy B10

        Tiger Day Traders' Tool
Day traders have been heavily and successfullly shorting the SPY after the Opening. 
We see this in the Tiger Day Traders' Tool.  It measures whether there is greater
intra-day risk (downside) or reward (upside) after the Opening. 
When it is declining, as now, it means that the market 
has shown much more risk, i.e. that the distance from the opening to the low for the day
is much greater than from the opening to the high for the day (i). 
                 (Opening(i)-Low(i)) > (High(i)-Opening(i)

It is not necessarily bearish when the Tiger Day Tragers' Tool lags the
stock or ETF, as now.  Look at the second chart below, the SPY in 1996.
Breaks in long downtrend-lines are big boosters to prices. We should
start watching the Day Traders' Tool's downtrend more and more and
know that a break in it will be bullish for the market.  I will provide a link
here soon to SPY and Tiger Closing Power charts since 1994.




-----------------------------------------------------------------------------------
                      OLDER HOTLINES
-----------------------------------------------------------------------------------
12/30/11 DJI = 12218 -69  la/ma=1.012  21-dma ROC=.17  P= +136 (-118)  IP21= -.096   V=-28    OP=.086

      12/30/2011     BREADTH STATISTICS:
       32 (-10)    MAXCP stocks   Bullish MAXCP Stocks                                                     
       62 (-48)  MINCP stocks   Bearish MINCP Stocks       Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      8 new highs on NASDAQ.   18   new lows on NASDAQ    Bearish.
                       56 new highs NYSE       6 new lows on NYSE       Bullish.   

12/30//2011 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  Most groups still have a plurality of stocks below their 65-dma. Defensive groups are still favored.  BEARISH   
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude
                               
                                       DJI and Peerless Signals/Internal Strength Indicators





 

  12/29/2001  ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's is downtrending.     A close 0.70 ABOVE its opening would bullishly break the
   longer-term CP downtrend.  Opening Power is rising.

                               (Commands:   Tiger + Peerless + DIA + Indic-3 + Tiger Basis of Moves )

 
  SPY's CP is DOWNtrending.   It will take a close of more than 0.27  ABOVE the
   Opening to break  the CP longer-term DOWN-trendline.  

   QQQ's CP is DownTrending.     It will take a close of more than 0.17  ABOVE the
   Opening to break  the CP longer-term DOWN-trendline.  

  GLD's CP is far below its DOWN-trendline
  it would take a close of more than 6.37  ABOVE the Opening to break the CP DOWN-trendline.  
  The Opening Power is short-term fallng.

                                                 Narrative of Hotline

12/29/11      Sell S9.   Will there be a Buy B10 Breakout?
      Our Stocks' Hotline has about the same number of long as short
        positions.  We are waiting to see which the DJI moves from its high inflection point.
        It could either breakout and advance to 12800 or fall back to the lower band
        at 11700.  While the NYSED A/D Line has been strong enough to support higher
        prices, the negative Accumulation reflects heavy institutional selling on strength. 
        Volume usually expands sharply in the new year.   We must watch now whether
        a breakout rally is attempted by Professionals bolstered by the Fed and
        Obama Administration, as they seek to prevent a big drop in the election year,
        as happened in 2008.

       This is a very defensive market.  This is apt to continue.  It  often happens in the
       late stages of a bull market.  To a large extent the rally has been
       driven by high cap dividend stocks being bought by money from
       overseas.  We see the overseas' influence by the rising Opening
       Powers and the falling Closing Powers looking at DIA, SPY and QQQ. 
       Usually Closing Power wins out.  The strongest industry groups are now
       high priced REITs, Bond Funds, Utilites and the blue chip DJI-30 stocks. 
       VZ, a virtual utility stock, is the highest AI/200 stock in the DJI.  Speculative
       stocks, by contrast, are relatively weak.  There are more NASDAQ new lows
       than new highs despite the fact that the DJI is less than 5% from its 12-month high.
       Big capitalization stocks are sought by fund managers now, mainly because
       they are easier to unload, if they decide to sell.

       If you were a Professional trader trying to make money, what
       would you do? If it were me, I would try to run-in some shorts
       and force some some short-sale profit-taking.  With the new year
       comes public optimism.  I have mentioned that many of the most
       depressed stocks were until Jan. 1 under serious pressure from tax-loss selling.
       That pressure comes off in the new year.

       So, If I were a Professional now, I would try to get the public to buy stocks
       on a rally where prices look very cheap.  What better way to do this than to rig a   
       short-lived DJI breakout above 12350 and a nominal new high
       near 12800.  Buying   the highest priced DJI-30 stocks, ike IBM (185.07),
       CVX (106.40), MCD (100.33), CAT (84.76) and XOM (84.76) would have
       the most effect in driving up prices, because the DJI is weighted by
       price only.  The highest AI/200 stocks among these are CVX and IBM.
       MCD shows red distribution because of the selling at the round number 100,
       as much as anything.  War-mongering about Iran is in political season now,
       as politicians talk "tough".  Oil supplies are made to seem vulnerable. 
       Yahoo headlines like  Iran warns U.S. aircraft carrier not to return are bound to
       boost CVX and XOM.

        A January Breakout Would Serve To Run-in Many Shorts.  So, we
       should be ready to close out any MINCP stocks if they break their CP
       downtrends.  Even closing any shorts if they close much above
       the 21-day ma is suggested if the market starts to rally next
       week on increased volume.  I do not expect to see a Peerless
       Buy immediately ahead.  

      A Peerless Buy B10 breakout needs a well-tested, flat resistance
      level like we see at 12350.  In addition, the P-Indicator and the
      Accumulation Index must be more than minimally positive.   The
      AI (also known as IP21) is very negative now, - .096.

      A short-term breakout rally like the one which occurred in January
      2010 with a Sell S9 still operating shows how agile we may have to be.

      DJI - False Breakout in January 2010.   This seems a likely scenario now.
      

CVX

IBM AT SUPPORT OF RISING 65-DMA

MCD.

.  

  

-----------------------------------------------------------------------------------
                      OLDER HOTLINES
-----------------------------------------------------------------------------------
12/29/11 DJI = 12287 +136  la/ma=1.018  21-dma ROC=.724  P= +253 (+86)  IP21= .011   V=+41    OP=.042

      12/29/2011     BREADTH STATISTICS:
       42 +9    MAXCP stocks   Bullish MAXCP Stocks                                                     
       110 -75   MINCP stocks   Bearish MINCP Stocks       Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      24 new highs on NASDAQ.   35   new lows on NASDAQ    Bearish.
                       61  new highs NYSE       11 new lows on NYSE       Bullish.   

12/29//2011 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  Most groups still have a plurality of stocks below their 65-dma. Defensive groups are still favored.  BEARISH   
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude

  12/29/2001  ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's is downtrending.     A close 0.42 ABOVE its opening would bullishly break the
   longer-term CP downtrend.

   SPY's CP is DOWNtrending.   It will take a close of more than 0.07  ABOVE the
   Opening to break  the CP longer-term DOWN-trendline.  

   QQQ's CP is DownTrending.     It will take a close of more than 0.04  ABOVE the
   Opening to break  the CP longer-term DOWN-trendline.  

  GLD's CP is far below its DOWN-trendline
  it would take a close of more than 6.61  ABOVE the Opening to break the CP DOWN-trendline.  
  The Opening Power is short-term fallng.

12/29/11   Sell S9.   Will there be a Buy B10 Breakout?
   The DJI needs to close about 100 points higher to
      break above its flat well-tested resistance for a breakout.
      Even with that, it would not be confirmed by the NASDAQ or
      SPY making corresponding new highs; volume is low and so casts
      doubts on any breakout, In addition, the current AI (IP21) value
      is not very positive.  There is still a lot of selling into this rally.

      So, a move up could be a false breakout.  Accordingly, I would short
      more of bearish MINCP stocks until we can see which way it will move
      from this high inflection point.      This is still a very defensive rally. 
      The earlier P-Indicator readings on B10 when adjusted are higher than now,
      for the most part.  See the tables I am working on for previous B10s
      below

      The other element here is tax-loss selling.  The weakest stocks
      will probably be weak another day.  Next year when the tax selling pressure
      come soff, they could rally.  That will put a premium on watching the
      Closing Power downtrend-lines.  When they are broken it will probably
      be best t cover shorts in that stock.  
  

   Until January 15th, with a Peerless Sell signal operating,
   the odds are 7:1, based on past cases, that the DJI will
   not rise significantly and instead turn down.  The current
   Accumulation (IP21) is only slightly above 0.  This is too 
   negative for a Buy B10. 

   When we consider the B10s since 1942, we can compare
     the valid B10s' P-I, IP21 OPct levels with their levels
     currently:  P-I = +253, IP21 = +.011 OPct = +.04.  Automatic B10s
     require an IP21 of at least +.06. 

     I have programmed an Adjusted P-I (P^^).  This allows for
     much greater number of stocks  traded on the NYSE now.
     Older P-I values are multiplied by a factor that adjusted the P-I score
     for the changing advances and declines from year to year.
     Thus, a P-I reading of 100 in 1929 would be adjusted to 431.
     The Peerless Software does not yet make use of this methodology,
     but it should allow us to make comparisons over time more accurately.
     Here are is the P-Factor by year:

     1929 4.31         1930 5.01        1931 5.66        1932 7.08      1933 7.28       1934 5.53
     1935 5.59         1936 4.43        1937 4.45        1938 5.28      1939 4.61       1940 5.01
     1941 5.34         1942 5.07        1943 5.06        1944 5.34      1945 4.52       1946 3.90
     1947 4.17         1948 4.26        1949 3.91        1950 3.62      1951 3.04       1952 3.70
     1953 3.45         1954 3.36        1955 2.87        1956 3.18      1957 3.19       1958 3.16
     1959 2.96           1960 2.83        1961 2.91       1962 2.78      1963 2.69      1964 2.77
     1965 2.75           1966 2.60        1967 2.51       1968 2.30      1969 2.25      1970 2.12
     1971 2.12           1972 2.14        1973 1.93       1974 1.78     1975 1.90       1976 1.85
     1977 2.03           1978 2.07        1979 1.90       1980 1.93     1981 1.74       1982 1.93
      1983 1.97          1984 1.75         1985 1.98      1986 1.91     1986 1.97       1987 1.72
      1988 1.72          1989 1.96         1990 1.84      1991 1.94     1992 1.71       1993 1.58
      1994 1.38          1995 1.28         1996 1.22      1997 1.53     1998 .996      1999 .961
      2000 .974           2001 1.00        2002 .967      2003 .936       2004 1.35      2005 .921
      2006 .901           2007 .901        2008 .932      2009 .971       2010 .997      2011 1.0
.  

     There is one automatic B10s at the end of the year, December 1991.
     There are 3 instances in early January: 1967, 1976 and 1989.
     One would think a breakout must wait a while.

                                  Earlier B10s

Date      DJIA    Gain    LA/MA   ROC  P-I P-cha. P^^Adj IP21 V-I OPCT  
----------------------------------------------------------------------
Judged 6/28/29 331.7  +2.9%  1.054   1.327  23  -1   +100   .048-102 .483
Judged 4/19/33  68.3  +50.4%  1.159   1.709  24  29   +177   .119 155  .066
Judged 11/7/34  97.6   +7.1%  1.034   .594   12 -20    +71   .092 -11  .165
     A judged B10 here reversed multiple Sell S9s.
Compare: Sell S12 well tested breakout  10/5/1937  172.60 produces rally to 184 on 11/10/1937
and B12 well-tested breakout on 6/22/1938.
10/8/1942  113.6 +24.8%   1.044   .691  114  20   +579         .325  91   .546 
3/8/1944   139.5  +6.0%   1.023   .463  110  22   +587   .179  86   .328
12/8/1944  150.5  +9.0%   1.022   .243  106  18   +568   .134  91       .532
8/24/1945  169.9 +17.2%   1.038   .598  139  28   +628   .139  69   .254 
10/15/1947 183.3  +0.6%   1.027   .535   98  21   +408   .181  77   .342
5/19/1948  188.3  +2.1%   1.027   .494  108  13   +461   .211 138   .40 
8/2/1949   177.6 +21.2%   1.021   .652  153 -11   +599    .33  137   .471 
10/4/1950  231.2  +0.1%   1.03    .595  143  15   +518   .133  169   .45 
   DJI rally fizzled out after breakout.  Unexplected news hit Wall Street.
       Chinese Red Army crossed Yalu and attacked UN forces in October.. 
    The strength in the NYSE A/D continued
11/28/1952 283.70 +2.9%   1.034   .774  186  13   +688    .19  217   .47
9/8/1955   475.1  +3.4%   1.03    .68   100  37   +288    .131  65   .328
3/9/1956   497.8  +2.5%   1.035   .66   165  49   +524    .085 266  .207
2/4/1958   458.7  +36.1%  1.026   .429  197  18    +625    .101 296  .23 
11/16/1962 630.9  +11.2%  1.056   .864  115  32   +322    .111  70  .142 
7/2/1964   841.5  +11.6%  1.026   .432   94  20   +261    .042  51    .518 
Judged  8/16/1965   +10.6%  1.017   .145   80   8   +222     -.009 20  .176 
1/13/1967  835.13 +4.0%   1.039   .273  135  21   +339    .07    5  .221
9/30/1968  935.79 +4.5%   1.02    .565  119   8   +275    .09   12    .564  
12/3/1970  808.53 +15.9%  1.044   .623  143  -3   +305    .06    0  .626 
11/3/1972  984.12  +6.4%  1.039   .539  120  55   +257    .083   1  .259
10/5/1973  971.25  +1.6%  1.052   .908  251   1   +484    .248   2  .388
1/7/1976   898.69  +12.3% 1.054  1.124  286  35   +530    .20    2  .536  
8/9/1984   1224.0  +0.2%  1.079  1.218  139  77   +244    .135  15 .414 
Judged 1/14/85              1.028   .59   205  51   +406    .110   8 .121
Judged 1/21/85              1.041   .525  237  38   +469    .097   8 -.113
6/5/1985   1320.56 +2.6%  1.023   .673  234  11   +464    .125  15 .456
1/12/1989  2222.32 +24.7% 1.023   .454  118  21   +204    .078  11 .185 
1/31/1991  2736.39 +22.6% 1.058   .58   143  33   +263    .116  12 .218
12/27/1991 3101.52  +6.8% 1.057   .755  117  18   +216    .077   7 .289
5/26/1993  3540.16 +12.1% 1.022   .428  105  28   +180    .138  15 .204
9/14/1995  4801.8  +13.7% 1.032   .413  237  24   +328    .08   14 .151
9/13/1996  5838.52 +17.0% 1.024   .359  150  20   +192    .116  13 .26
11/21/2005 10820.28 +7.0% 1.026   .685  227 -10   +307     .108 108 .316
8/18/2006  11381.47 +8.9% 1.019   .484  411  81   +379    .08   22 .05
3/23/2010  10888.83 -4.4% 1.031   .571  590  67   +573    .166  90 .425
           DJI rallied to 11205 (+3%) and then head/shoulders top.

   Key Values       Valid B10     Current
                                    1/14/1985    12/29/2011
      DJI                            1234.54       12287.04
      LA/MA                          1.028           1.018
      21-dma ROC                   0.59           0.724
      P-I                                    205             253
      Adjusted P-I                    406              253    low                 
      P-I Change                        51               86
      IP21                                  .11              .011   very low
      V-I                                       8              40
       OPct                               .121             .04  

-------------------------------------------------------------------------------------------------------------------------------
                                               OLDER HOTLINES
-------------------------------------------------------------------------------------------------------------------------------
12/28/11 DJI = 12151 -140  la/ma=1.001  21-dma ROC=.623  P= +167 (-186)  IP21= -.02   V=+ 20    OP=.062

      12/28/2011     BREADTH STATISTICS:
       33 -36  MAXCP stocks   Bullish MAXCP Stocks                                                     
       185       MINCP stocks   Bearish MINCP Stocks       Bearish.   
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      5 new highs on NASDAQ.   47   new lows on NASDAQ    Bearish.
                       27  new highs NYSE       29 new lows on NYSE       Bearish.   

12/28//2011 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  Most groups still have a plurality of stocks below their 65-dma. Defensive groups are still favored.  BEARISH   
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude

  12/28/2001  ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's is downtrending.     A close 0.88 ABOVE its opening would bullishly break the
   longer-term CP downtrend.

   SPY's CP is DOWNtrending.   It will take a close of more than 1.14  ABOVE the
   Opening to break  the CP longer-term DOWN-trendline.  

   QQQ's CP is DownTrending.     It will take a close of more than 0.44  ABOVE the
   Opening to break  the CP longer-term DOWN-trendline.  

  GLD's CP is far below its DOWN-trendline
  it would take a close of more than 8.15  ABOVE the Opening to break the CP DOWN-trendline.  
  The Opening Power is short-term fallng.

12/28/11   Sell S9.  DEFLATIONARY FEARS ARE REAL.
          Euro's Weakness means a Stronger Dollar,
          But Collapsing Overseas Markets, Gold and Silver.
          OPEC Holds up Oil, but for how long?

          The Sell S9 should be respected now.  The odds
                  are much better that there will be a decline
                  than a breakout.  See the Hotline I did yesterday.
                  With a Sell operating, late Decembers and the
                  first two weeks of January are much more likely to
                  bring a decline than a rally.  In 8 cases the DJI fell
                  when Peerless was on a sell from 12/26 to 1/19.
                  In 4 of these cases the peak occurred before the
                  new year.
.

           Peak             Subsequent Action
               1947-8       12/31/48      Earlier S4...10 week decline.
               1956-7        1/2/1957       Decline from 486.00 to 454.80 on 2/12/57 following December S9/S12
               1959-60      1/5/60          Sell S15 on 1/5/60 following December S12 
                                                       3 month decline from 685.50 to 599.10 on 3/8/60
                 1961-62    12/28/61       Sell S10 on 1/4/62 following December S12 
                                                       6 month decline from 731.50 to 535.70 on 6/26/1961
               1983-1984 1/9/84            Sell S12 following earlier S4  ... Bear market followed.
               2000-2001 12/29/2000   Earlier S12. DJI fell back from 10876.85 to 9389.48 on 3/22/2001
               2006-2007  2/20/2007    DJI zig-zagged higher despite 1/5/07 S9 until peak on 2/20/2007.  Then fell 6%.
               2007-2008 12/26/2007  Earlier Dec. S9. Bear market started 
                2009-2010 1/19/2010   Earlier  S9. DJI fell from 10725.43 to 10012.23 on 2/5/2010
            
                  My understanding remains that Depressions are created by
                  austere Budget Balancing in the middle of a recession.  Europeon
                  political leaders are following the advise their big banks are giving,
                  just as Hoover did in England and both Labour and Conservative
                  Governments did in the UK in the 1930s.  The entrenched Austrian
                  School of Economics will not admit their folly and the hardships
                  they are causing again.
                           Dec. 29,2011 - Financial Times on European Austerity
                           http://tigersoftware.com/TigerBlogs/83---2011/index.html

                  Wall Street understands this better than the right-wing pundits
                  in the US.  The decline today reflects renewed fears of a second dip
                  Recession here.  As I see it, the pronounced weakness in overseas
                  stocks suggests DEFLATION IS EXPECTED.  That also explains the
                  profound weakness now see in Gold, Silver and mining stocks.  Sure
                  tax loss selling is at work now.  But there is a bigger dynamic at work here.
                  Right-wing (Glen Beck) and left-wing (Max Keiser) scare mongers have
                  pushed the Public into buying Gold and Silver in a way that resembles
                  how the Public over-speculated in Internet Stocks in 1999-2000.

EURO FOREIGN ETFS

DOLLAR  - A breakout by the Dollar above 81.5 would be quite bearish for the EURO and signify an intensification" of its crisis.

GOLD

SILVER SSRI

 


                             December Sell S9.

     Santa Claus has left the building..... We are left with a Peerless Sell S9 as the year ends.  Tax-
     selling and institutional window-dressing may exaggerate the moves of the weakest and strongest
     right up through the last day of the year, Friday.  Apart from that, the DJI's nominal new high
     was not confirmed by the SP-500, NASDAQ or IWM (Russell-2000).  

     The weakness we are seeThere could still be a breakout above the moderately flat resistance lines
     shown in the DJI just chart below.  Flat top breakouts should have positive internals on the breakout. 
     A comparison of the key internals now with the important and bullish January 14, 1985 breakout
     may be instructive.  The P-I Indicator, IP21 and OPct are each far below that they were on the
     very authentic breakout of 1/14/1985.  In 1984-1985 there were only about half as many stocks
     trading on the NYSE.  If we adjust for this, the P-Indicator would have been 410 in today's terms. 
                     (This should probably be done for all the Peerless historical studies!?)
    That adjustment makes the P-Indicator reading now of 167 appear much lower or more modest. 
   
    The next two charts below show the DJI and SP-500 charts for 1984-1985.   Two further differences
    are seen.  First, the flatness of the DJI's resistance lines of 1984-1985 was very striking.  This
    is important and made the situation then more bullish, because there was then much wider agreement
    about what price level would achieve a bullish breakout. When that level was achieved, more
    buy orders came in, all at once.   Lazy selling at the old highs was greater then, too.  These
    insttutions would later have to come back in the market.

   Another difference between now and then was that the broader-based SP-500 was actually
  somehat stronger than the DJI then.  Its resistance lines, that corresponded to the DJI's, were
  rising.     
                         
                                    1/14/1985        12/28/2011
      DJI                            1234.54       12154.41
      LA/MA                          1.028           1.010
      21-dma ROC                   0.59           0.623
      P-I                                    205              167
      (Sum of Adv+ Dec         1696      2993 
      P-I Change                        51             -186
      IP21                                  .11             -.02
      V-I                                       8              20
       OPct                               .121            .062 


    At the end of 1984, the DJI looked somewhat similar in that there were two flat resistance
       line above the DJI as the year ended.  The first breakout (and judged B10 confirmed by a corresponding
       A/D Line brreakout ) led to the second breakout and eventually much higher prices.




     The SP-500's resistance lines were actually rising in 1984, showing greater relative strength than now.




==================================================================================== 
                   OLDER HOTLINES    
====================================================================================

12/27/11 DJI = 12291  la/ma=1.024  21-dma ROC= 1.055  P= +352 (+18)  IP21= +.03   V=+ 80    OP=.139

      12/27/2011     BREADTH STATISTICS:
       69 +21  MAXCP stocks   Bullish MAXCP Stocks       Bullish.                                                    
       58 +18   MINCP stocks   Bearish MINCP Stocks        
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      38 new highs on NASDAQ.   33   new lows on NASDAQ    Bullish.
                       127  new highs NYSE       14 new lows on NYSE       Bullish.   

12/27//2011 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  Most groups still have a plurality of stocks below their 65-dma. Defensive groups are still favored.  BEARISH   
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude

  12/27/2001  ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
 
   DIA' s  CP's 4-day trend is still up but slowing down.  It broke its steep CP uptrend slightly.   
   It is still below its 3 week downtrend.   A close 0.87 above its opening would bullishly break the
   longer-term CP downtrend.

  
   SPY's CP is slightly above its 3-week DOWNtrendline.   It will take a close of more than 0.31  BELOW the
   Opening to restore the CP DOWN-trendline.  

   QQQ's CP is slightly below its 3-week DownTrendline.   Any close of more than 0.02 ABOVE the Opening
   will break the CP DOWNTREND-line.  

  GLD's CP is far below its 3-week DOWN-trendline, very oversold but is apt to keep rallying..   
  it would take a close of more than  6.04 ABOVE the Opening to break the CP DOWN-trendline.  
  The Opening Power is short-term risng.

    12/27/11     Santa Claus Rally versus December Sell S9.

     Take profits in DIA.  Without a Buy signal, much higher volume or a decisive price breakout,
     we are thrown back to the bearish Sell S9 signal as the reigning Peerless signal now.  Breadth
     was again positive. The NYSE A/D Line did make a recovery new high.  But although though there were
     61 more up than down, NYSE Down Volume was 35% more than UP VOLUME.  Bearishly SPY,
     QQQ, NASDAQ and IWM have all failed to make a recovery high above the ones made at the
     end of November. 

     Tonight our Stocks' Hotline has added some new short sales from among the Bearish MINCP
     stocks.

     What is of concern is how often the DJI and market pivot and turn downward sharply
     not long after December 25th:  A breakout upwards is still a possibility, too.  But with
     the Sell Signal S9 operating, let the bulls prove their case.    Take some trading profits.
     The DJI seems more likely to pivot down than breakout in the next two weeks. Below is
     a study of the DJI since after WWII.

     I have looked at the 52 Bull Market end of year action since 1946.  In 9 cases the
     DJI peaked before the new year and sold off.   In 14 cases it sold off from a peak early in the
     new year,before the 15th of January.  Significant breakouts upwards occurred only 4 times before
     the start of the new year and 6 times before the 15th of January.   Without a major Buy signal
     other than a Santa Claus Buy, significant advances seldom occur as long as a Sell reigns.  Only in two
     cases of  9 where a Sell was operative did the DJI delay declining until after January 9th.

                                  Peak             Subsequent Action
               1947-8       12/31/48      Earlier S4...10 week decline.
               1956-7        1/2/1957       Decline from 486.00 to 454.80 on 2/12/57 following December S9/S12
               1959-60      1/5/60          Sell S15 on 1/5/60 following December S12 
                                                       3 month decline from 685.50 to 599.10 on 3/8/60
                 1961-62    12/28/61       Sell S10 on 1/4/62 following December S12 
                                                       6 month decline from 731.50 to 535.70 on 6/26/1961
               1983-1984 1/9/84            Sell S12 following earlier S4  ... Bear market followed.
               2000-2001 12/29/2000   Earlier S12. DJI fell back from 10876.85 to 9389.48 on 3/22/2001
               2006-2007  2/20/2007    DJI zig-zagged higher despite 1/5/07 S9 until peak on 2/20/2007.  Then fell 6%.
               2007-2008 12/26/2007  Earlier Dec. S9. Bear market started 
                2009-2010 1/19/2010   Earlier  S9. DJI fell from 10725.43 to 10012.23 on 2/5/2010
    
.
     A major Buy is needed to continue the advance very much.  That will take much better volume. 
     Usually volume does not come back into the market until after the new year.

     Bull Markets: 1946-2011 and Pivots Down At The End of The Year

                       Breakouts and
                       Pivots Down Peaks     Reaction of DJI:  UP and DOWN
1-10
     1947-8       12/31/48      Earlier S4...10 week decline.
     1951-2       12/29/51      Breakout following B12
     1952-3       1/6/53          Sell S8 on 12/30  3 month decline
     1953-4      1/15/54         Breakout following B12
     1954-5      1/3/55          Decline from 408.90 to 388.20 on 1/17/56 following earlier B11
    
     1955-6      12/30/55      Decline from 488.40 to 462.40 on 1/23/56 following earlier B17/B10/B11
     1956-7      1/2/1957       Decline from 486.00 to 454.80 on 2/12/57 following December S9/S12
     1958-9      12/30/59       Breakout following earlier B18/B11
     1959-60    1/5/60           Sell S15 on 1/5/60 following December S12 
                                           3 month decline from 685.50 to 599.10 on 3/8/60
     1961-62    12/28/61       Sell S10 on 1/4/62 following December S12 
                                           6 month decline from 731.50 to 535.70 on 6/26/1961
 11-20
     1963-1964 1/22/64       Breakout following earlier B5
     1964-1965 1/7/65          Breakout following earlier B11
     1965-1966 1/5/66          Breakout following earlier B11; then peak at 1/18/66 on S12.  Bear market followed.
     1967-1968 1/8/68        1/9/69 Sell S12 following earlier B17.  DJI fell from 908.20 to 825.13 on 3/21/1968. 
    
     1970-71    12/29/70      Breakout following earlier B4/B11
    1971-72                         February breakout  following earlier B12
     1972-73    1/11/73        Sell S9/S12/S15 following earlier B4... Bear market started
     1975-1976 1/5/76          Breakout B10 following earlier B9
    
21-30
     1976-1977 12/31/76     Sell S4/S8 following earlier B17 ... Bear market started
     1980-1981 1/6/81         Sell S4/S8 following earlier B17  ... Bear market started
     1982-1983 1/12/83       Sell S12 following earlier B6  ... DJI fell fro two eeeks from 1083.61 to 1030.17 on 1/24/83
     1983-1984 1/9/84         Sell S12 following earlier S4  ... Bear market followed.
    
     1984-1985 1/21/85       Breakout B10 following earlier B2/B11 
     1985-1986 1/7/86         No Sell but DJI fell back from nominal new high at 1565.71 to 1511.24 on 1/23/86
     1986-1987 1/6/87        Breakout B14 following earlier B9/B17/B6
     1988-1989 1/17/89      Breakout B10 following earlier B7
     1989-1990 1/3/86        Sell S14 following earlier B17. DJI fell back from nominal new high at 2809.73.
                                         Declined to  to 2553.38 on 1/29/86
    
31-40
      1991-1992 12/27/91    B10 Breakout following earlier B17 and renewal of bull market.
     1992-1993 12/29/93    No Sell but DJI fell back from nominal new high at 3310.84 to 3241.95 on 1/20/93
     1993-1994 1/10/94      Breakout advance following earlier Buy.  Peak on 2/3/1995 S4. Bear mkt followed.
     1994-1995  1/16/95     Peak without Sell. Pullback from 3932.34 to 3832.08 on 1/30
                         2/10/94    Breakout advance following earlier Buy B6.
      1995-1996 1/3/1996    No Sell but DJI fell back from 5194.07 to 3032.94 on 1/10/1996.
                       1/29/1996   Breakout advance following earlier Buy B4

41-50    
     1996-1997 1/13/1997   Breakout advance following earlier Buy B4/B17
     1997-1998 1/9/1998     No Sell but DJI fell back from 7978.99 to 7580.42 on 1/9/1998.
                       2/10/1998    Breakout B4 advance following earlier Buy B9
     1998-1999 1/8/1999     No Sell but DJI fell back from 9643.32 to 9133.03 on 2/9/1999.
                                          Then Bull market resumed.
     1999-2000 12/31/1999  S9 and DJI fell back from 11497.12 to10997.93 on 1/4/2000
                       1/14/2000    S4/S14 and DJI fell back from  11722.98 to 9796.03 on 3/7/2000
     2000-2001 12/29/2000  Earlier S12. DJI fell back from 10876.85 to 9389.48 on 3/22/2001

     2003-2004 1/27/2004    No Sell until 2/11/2004 S15.  DJI fell back from 10609.92 to10063.64 on 3/23/2004
     2004-2005 12/28/2004  S8 reversed B9. DJI fell back from 10854.54 to 10368.61 on 1/24/2005
     2005-2006 1/11/2006   No Sell but DJI fell back from 11043.44 to 10667.39 on 1/20/2006
     2006-2007  2/20/2007    DJI zig-zagged higher despite 1/5/07 S9 until peak on 2/20/2007.  Then fell 6%.
     2007-2008 12/26/2007   Earlier Dec. S9. Bear market started

51-52
     2009-2010 1/19/2010      Earlier  S9. DJI fell from 10725.43 to 10012.23 on 2/5/2010
     2010-2011 1/3/2011       Breakout after earlier B18.  Bull market resumed.
====================================================================================
                                                       OLDER HOTLINES
====================================================================================

12/23/11 DJI = 12294 +124   la/ma=1.029  21-dma ROC= 1.037  P= +334   IP21= +.023   V=+ 80    OP=.146

      12/23/2011     BREADTH STATISTICS:
       48 +4  MAXCP stocks   Bullish MAXCP Stocks       Bullish.                                                    
       40   MINCP stocks      Bearish MINCP Stocks        
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      16 new highs on NASDAQ.   15   new lows on NASDAQ    Bullish.
                       92  new highs NYSE        3 new lows on NYSE       Bullish.   

12/23//2011 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  Most groups still have a plurality of stocks below their 65-dma. Defensive groups are still favored.  BEARISH   
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude

  12/22/2001  ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
  The ETFs CPs are all in intermediate-term Down-trends and short-term Up-trends.    

   DIA' s  CP iS above its 3-dayt UPtrendline    Any close of more than  0.40 BELOW the Opening will break the CP
   DOWN-trendline.     
  
   SPY's CP is below its DOWNtrend    It will only take a close of more than 0.33  ABOVE the
   Opening to break the CP DOWN-trendline.  

   QQQ's CP is above 3-day UPtrendd   Any close of more than 0.45 BELOW the Opening will break the CP    
   UP-trendline.  

  GLD's CP is far below its DOWN-trendline, very oversold but is apt to keep rallying..   
  it would take a close of more than  6.3  ABOVE the Opening to break the CP DOWN-trendline.  
  The Opening Power is short-term risng.

12/23/11     Santa Claus Rally versus December Sell S9.

            Will There Be A Breakout?  Breadth Says "Yes"
            And the seasonality is still bullish.  But we need
            to see a major Peerless Buy.  Without much higher
            Volume, the Accum. Index will remain near zero and
            that wil probably prevent a Buy B10.

                                              Work in Progress

                    After December 26th since 1965, the DJI does rise 2/3 of the time over the next week.
                    But the gains are small and the Santa Claus Buy is a short-term Buy and does not
                    alter the fact that the last intermeidate-term Peerless signal was a Sell S9.  Bulls
                    will need to see a new red Peerless major Buy.

                    The buying has been here has been on low volume and is still concentrated
                    in defensive and dividend-paying stocks.  This has caused the SP-500 and NASDAQ
                    to lag the DJI by enough to make any DJI new high unconfirmed by thes eother
                    averages.   Such divergences are often quite bearish.  But they do not call every top.
                    They offered no warning, for example, at the important tops of January 1973, October 1978,
                    September 1979, March 1980, October 1987,  July 2007 or December 2007, when S9s did
                    take place. 

                   The SP-500 failed to match a DJI new high at these important tops:

                                       March-April 1981
                                      Jan. 1984
                                      Jan. 1990  -  NASDAQ also failed to confirm
                                      July 1990 - The margin of the SP andNASDAQ  new highs in July 1990
                                                         was smaller than DJI's
                                      Jan 2000
                                      May 2001 - NASDAQ also lagged very badly.
                                      March 2002  - NASDAQ also lagged very badly.

Jan 2000.

=================================================================================
                                                              OLDER HOTLINES
=================================================================================

12/22/11 DJI = 12170 +62   la/ma=1.022  21-dma ROC= .678  P= +59   IP21= -.056   V= -6    OP= -.011

      12/22/2011     BREADTH STATISTICS:
       44 +2  MAXCP stocks   Bullish MAXCP Stocks                                                         
       61   MINCP stocks      Bearish MINCP Stocks         Bearish.      
                         
                        MAXCP stocks are those showing Tiger Closing Power making new highs.
                        This suggests heavy Professional Buying.  Applying the Tiger Power Ranker's
                       "bullish" to the MAXCP stocks find those with heavy insider buying and
                        institutional accumulation.  Bearish MINCP stocks show the opposite.
                        Also use the BOTHUPs condition with MAXCPs and BOTHDOWNS MINCPS. 
                      27 new highs on NASDAQ.   17   new lows on NASDAQ    Bullish.
                       79  new highs NYSE        11  new lows on NYSE       Bullish.   

12/21//2011 GRAPHS ===> See Key Peerless TigerSoft Index Charts: Industry Groups and ETFs
  Most groups still have a plurality of stocks below their 65-dma. Defensive groups are still favored.  BEARISH   
   DIA   SPY   QQQ    DJIA-Peerless     TigerDJI    TigerSPY     TigerQQQ   GLD  SLV  Crude

12/22/2001  ===> Closing Power (CP) Status Report: KEY ETF CHARTS:
  The ETFs CPs are all in Down-trends. But very oversold and rising.   

   DIA' s  CP iS far below its DOWNtrend   It is considered oversold and apt to keep rallying.
    Any close of more than  1.90  ABOVE the Opening will break the CP DOWN-trendline.  
   The Opening Power is short-term declining.
  
   SPY's CP is far below its DOWNtrend    It is considered oversold and likely to turn up soon.
   Any close of more than 1.30  ABOVE the Opening will break the CP DOWN-trendline.  
   The Opening Power is short-term declining.