----  TIGERSOFT/PEERLESS HOTLINE ----------------
                                             
           --> Click Refresh twice or thrice to be sure to get last version.

           

(C) 1985-2017 William Schmidt, Ph.D.  www.tigersoft.com    
                  All rights strictly reserved.  

Tiger Software  858-273-5900   PO Box 22784   San Diego, CA 92192 Email william_schmidt@hotmail.com  
----------------------------------------------------------------------------------------------------------
===> You are here:  http://www.tigersoft.com/2XYZHHH/INDEX.htm

                  ---------------------   WE'RE MOOOOVING  -----------------------
                                  
                LOOK for an EMAIL Friday giving new HOTLINE address.

       Earlier Hotlines
       http://www.tigersoft.com/2XYZHHH/PREINDEX.htm 
         previous hotlines
         earlier hotlines
       www.tigersoft.com/H77LION/INDEX.htm
       www.tigersoft.com/H7TBR/INDEX.htm  
         www.tigersoft.com/HH9911/INDEX.htm
         http://www.tigersoft.com/HH9911/olderINDEX.htm
         http://www.tigersoft.com/HHH517/INDEX.htm
         www.tigersoft.com/HHH517/XXXIndex.htm
         www.tigersoft.com/HHH517/INDEX6917.htm  
         www.tigersoft.com/HHH517/OLDER.html
         www.tigersoft.com/HH747/INDEX.html
         www.tigersoft.com/HHLL217/INDEX.html
         PREINDEX.html  
       www.tigersoftware.com/HL/INDEX.html 
         Hotlines: 2/4/2017 - 2/15/2017  
             These have somehow become corrupted. Some graphs may be missing.
             http://www.tigersoft.com/345HLN12/ZINDEX.html
             http://www.tigersoft.com/333HLLL/INDEX.html
             http://www.tigersoft.com/444HL444/INDEX.html
             www.tigersoft.com/119HLPAZ/INDEX.html
             http://www.tigersoft.com/888HLAZ/INDEX.html
             www.tigersoft.com/821-HL/INDEX.html
             http://www.tigersoft.com/816-HLN/INDEX.html         
             http://www.tigersoft.com/77HL7778/INDEX.html
             http://www.tigersoft.com/64HRL/INDEX.html
             http://www.tigersoft.com/55HL55/INDEX.html
                    
                                HELP 
          A Guide To Profitably Using The Tiger Nightly HOTLINE
             Introduction to Tiger/Peerless Buys and Sells.
            Peerless Buy and Sell Signals: 1928-2016
 Individual Peerless signals explained:
        http://tigersoftware.com/PeerlessStudies/Signals-Res/index.htm
      http://www.tigersoft.com/PeerInst-2012-2013/  
 Explanation of each Peerless signal. http://www.tigersoft.com/PeerInst-2012-2013/
 Different Types of TigerSoft/Peerless CHARTS, Signals and Indicators
 -----> More HELP LINKS
              Documentation for TigerSoft Automatic and Optimized Signals.
              How reliable support is the DJI's rising 200-day ma? 
              SPY Charts since 1994: Advisory Closing Power S7s, Accum. Index, 65-dma, Optimized Signals. 
          ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

1/19/2016 ---> Corrections,Deeper Declines and Bear Markets since 1945.
1/21/2016  ---> High Velocity Declines since 1929
2/12/2016  ---> Presidential Elections Years and Bullish IP21 Positive Non-Confirmations at Lower Band.
2/12/2016  ---> OBV NNCs on DJI's Rally to 2.7% Upper Band when DJI's 65-dma is falling.
11/6/2016  --->   Killer Short Selling Techniques:   ===> Order Here ($42.50)
                  It's As Easy as 1,2,3  
                 
                TigerSoft "Combination" Short-Selling...  Easy as 1-2-3 Short Sales
                 
                Earlier Q-Answers

             QuickSilver Documentation (1/11/2016)
             Our Different Signals
                        Better understand the difference between Peerless DJI-based signals,
                                        the one-year optimized red Signals and the fixed signals based
                                        on technical developments.
                               Introduction to Tiger/Peerless Buys and Sells.
                               Different Types of TigerSoft/Peerless CHARTS, Signals and Indicators   

             New TigerPeerless Installation and Basic Uses' Instruction (11/25/2016)
                     See the re-written materials on TigerSoft Buys and Sells. 
                          A few more pages will be added.  But users could print this
                          main Installation and Uses' Page for reference.

               Study- Trading SPY WITHOUT Peerless -  Some Guidelines.
                                                When completed this will be a new Tiger Trading E-Book. 
               Study- Examples of "Hands above the Head" top patterns.
               Study- 9/3/2017 TigerSoft (not Peerless) charts of Major Tops as they occurred.

  ===> Please report any broken or out-of-date links. william_schmidt@hotmail.com
==============================================================================
==============================================================================
2/15/2018       The very quick recovery from the 10% sell-off continues.  In trading range recoveries,
                       prices move very quickly back to the old highs.  That suits Peerless.  The median gain in the
                       DJI after past Buy B5s was 10.5%.  Such a gain here would take the DJI to a nominal
                       new high at 26730 at the time of the next Peerless Sell.  Today, SPY closed decisively
                       above its now rising 65-dma, following the lead of the DJI, NASDAQ and QQQ.  It was a
                       another good breadth day.  There were 1043 more up then down on the NYSE and the A/D
                       Line now shows an uptrend.  The same goes for all the items we have data on.  And see how the
                       their percentage above the 65-dma has now moved up to a more respectable 44%.
 
                       Can we keep on rising in this fashion all the way back to 26500?  The answer appears to be
                       "YES" based on the four earlier cases where DJI fell 10% and then very quickly rose right
                       back above its 21-dma.  But after that, it will depend on whether Peerless gives a Sell signal,
                       This will be based on the P-I and IP21 readings.

                                  The DJI has quickly risen back above its 65-dma after falling 10%.
                                       What has happened after these developments in the past.

    December 1928-January 1929 - DJI rose to new highs, stopping only after S9/S12 when FED raised rates.
    September 1938 - DJI rose to new highs, stopping only after an S12 way above 21-dma.
    June-July 1956 - DJI rose back to old highs and topped out after S2 and A/D Line uptrend-break.
    December 1980-January 1981 - DJI rose to nominal new high closing and S9/S12.


                    Buy B5s' History    N=14    Avg.=13.2%  Median Gain = 10.5% Avg  Paper Loss=0.7%

Charts 2/15/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks        A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/15/2018   Bullish MAXCPs    Bearish MINCPs

Table 1             COLOR-CODED   QUICKSILVER on ETFS - 02/15/18   ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 252.5 3.2 242.03 282.8% ---- BLUE .072 ----- --------------------------------------------------------------------------------------------- COMPQX 7256.43 112.81 6874.49 344.4% Bullish BLUE .096 .032 --------------------------------------------------------------------------------------------- SPY 273.03 3.44 261.5 291.7% Bearish BLUE .04 -.005 --------------------------------------------------------------------------------------------- QQQ 165.7 3.02 156.1 387.3% Bullish BLUE .042 .046 --------------------------------------------------------------------------------------------- MDY 345.11 3.73 331.03 265.2% ---- BLUE .096 -.038 --------------------------------------------------------------------------------------------- IWM 152.8 1.65 146.77 248.6% ---- BLUE .105 -.036 --------------------------------------------------------------------------------------------- FAS 71.23 1.55 63 825.6% ---- BLUE .153 .021 --------------------------------------------------------------------------------------------- RETL 37.69 1.19 34 635.4% Bullish BLUE .169 .055 --------------------------------------------------------------------------------------------- SOXL 155.22 5.53 133.44 1199.4% Bearish BLUE .036 .151 --------------------------------------------------------------------------------------------- TECL 126.68 6.66 107.03 1133.5% ---- BLUE .026 .175 --------------------------------------------------------------------------------------------- IBB 110.76 1.03 105.67 275.6% Bullish BLUE .095 .026 --------------------------------------------------------------------------------------------- GLD 128.38 .15 124.77 135% ---- ---- -.046 .021 --------------------------------------------------------------------------------------------- OIL 6.77 .12 6.43 146% ---- BLUE .082 .06 --------------------------------------------------------------------------------------------- OIH 24.2 -.14 23.84 0% Bearish RED -.103 -.087 --------------------------------------------------------------------------------------------- GASL 18.67 .08 16.55 522.7% Bearish BLUE -.093 -.235 --------------------------------------------------------------------------------------------- UGA 30.75 .31 30.26 -38% Bullish BLUE .022 -.032 --------------------------------------------------------------------------------------------- UUP 23.13 -.1 W23.62 -100.1% Bearish RED -.034 -.085 --------------------------------------------------------------------------------------------- IEF 101.77 .03 W102.22 -30.8% Bearish ---- -.201 -.077 --------------------------------------------------------------------------------------------- XLU 49.68 1.08 48.56 218.3% ---- BLUE -.094 -.153 --------------------------------------------------------------------------------------------- WEAT 6.47 .08 6.27 78.2% Bullish ---- .159 .024 --------------------------------------------------------------------------------------------- YINN 39.97 2.95 32.73 1059.7% Bearish BLUE .076 .205 --------------------------------------------------------------------------------------------- RSX 23.37 .3 21.67 414.8% Bearish BLUE .035 .037 --------------------------------------------------------------------------------------------- AAPL 172.99 5.62 156.41 553.4% ---- BLUE -.038 -.02 --------------------------------------------------------------------------------------------- GOOG 1089.52 19.82 1037.78 422% Bullish BLUE .076 .052 --------------------------------------------------------------------------------------------- MSFT 92.66 1.85 88.18 431.8% Bullish BLUE .015 .104 --------------------------------------------------------------------------------------------- AMZN 1461.76 10.71 1339.6 400.7% Bearish RED .096 .25 --------------------------------------------------------------------------------------------- FB 179.96 .44 176.11 238.9% ---- RED .078 .011 --------------------------------------------------------------------------------------------- NVDA 246.5 5.08 232.08 629.1% Bullish BLUE .089 .282 --------------------------------------------------------------------------------------------- BA 356.46 11.61 332.83 395.4% ---- BLUE -.066 .244 --------------------------------------------------------------------------------------------- GS 267.68 5.1 249.3 420.9% Bullish BLUE .268 .029 --------------------------------------------------------------------------------------------- HD 185.27 .58 184.12 110.3% Bearish RED .086 -.037 --------------------------------------------------------------------------------------------- CAT 159.98 1.92 149.21 460.5% ---- BLUE .102 .092

Table 2 Count of Stocks in Key Tiger Directories Date = 180215 -------------------------------------- NEWHIGHS 158 A quick recovery into healthy territory. NEWLOWS 34 MAXCP 136 Professionals are bullish. MINCP 35 TTTNH 76 TTTNL 79 FASTUP 422 Many more long plays by swing traders. FASTDOWN 78 CPCROSSA 92 CPCROSSD 83 BIGVOLUP 3 BIGVODN 6

Table 3   Count of Stocks and New Highs in Key Tiger Directories Date = 180215 No. NHs Pct. ------------------------------------------------------------------- BIGMIL 6 3 50 % HACKERS 24 6 25 % SOFTWARE 66 11 17 % =================================================================== NIFTY 30 4 13 % MILITARY 38 5 13 % JETS 9 1 11 % COAL 10 1 10 % DOWJONES 30 2 7 % SP-100 96 7 7 % INFRA 35 2 6 % INDEXES 194 9 5 % BIOTECH 385 19 5 % RUS-1000 837 42 5 % NASD-100 100 5 5 % TRANSP 20 1 5 % SOLAR 21 1 5 % BEVERAGE 20 1 5 % FINANCE 93 4 4 % GAMING 28 1 4 % INDMATER 90 4 4 % SP500 485 20 4 % COMPUTER 23 1 4 % RETAIL 53 2 4 % REGBANKS 33 1 3 % MORNSTAR 238 6 3 % INSURANC 32 1 3 % CHEM 62 1 2 % ELECTRON 178 4 2 % SEMI 130 3 2 % CHINA 64 1 2 % ETFS 67 1 1 % OILGAS 140 1 1 % REIT 178 1 1 % COMODITY 70 1 1 % Others None

Table 4   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/15/18 Bullish = 26 Bearish = 20 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 .833 .833 1 .833 1 BIGBANKS .857 .714 .571 .571 .285 .285 FOOD .8 .666 .6 .533 .533 .6 MILITARY .763 .605 .421 .421 .315 .368 ETFS .761 .582 .388 .268 .223 .149 INDEXES .752 .623 .391 .35 .288 .293 HOSPITAL .75 .75 .625 .75 .75 .625 SOFTWARE .727 .651 .5 .484 .409 .287 RETAIL .679 .641 .509 .452 .528 .396 COMODITY .671 .657 .442 .428 .414 .5 GOLD .647 .686 .333 .313 .215 .235 FINANCE .645 .602 .451 .43 .344 .268 NASD-100 .64 .5 .37 .37 .38 .3 NIFTY .633 .4 .333 .333 .3 .233 CHINA .625 .468 .312 .218 .234 .171 REGBANKS .606 .575 .363 .333 .333 .181 MORNSTAR .596 .508 .357 .352 .231 .168 HACKERS .583 .583 .541 .5 .458 .333 EDU .571 .285 .142 .142 .142 .142 COMPUTER .565 .347 .347 .26 .217 .26 DJI-13 .538 .384 .384 .461 .153 .153 BIOTECH .524 .501 .446 .42 .376 .376 INDMATER .522 .533 .388 .377 .211 .2 SP-100 .52 .447 .322 .333 .25 .218 SP500 .513 .463 .354 .34 .276 .214 N= 24 ============================================================================================ TRANSP .5 .4 .4 .3 .3 .3 ============================================================================================ RUS-1000 .491 .44 .345 .327 .253 .201 INFRA .485 .428 .428 .342 .228 .171 INSURANC .468 .437 .187 .218 .187 .093 DOWJONES .466 .4 .366 .4 .266 .166 GAMING .464 .392 .321 .357 .357 .357 JETS .444 .333 .555 .333 .333 .333 PIPELINE .428 .428 .428 .428 .142 .142 GREEN .419 .354 .225 .258 .129 .193 COAL .4 .5 .4 .4 .1 .4 ELECTRON .393 .303 .202 .179 .123 .112 SEMI .369 .3 .207 .169 .107 .092 AUTO .35 .325 .275 .4 .325 .3 BEVERAGE .35 .25 .2 .3 .2 .15 OILGAS .321 .364 .278 .285 .192 .207 SOLAR .285 .19 .142 .142 0 .047 CHEM .258 .274 .145 .161 .096 .08 HOMEBLDG .235 .235 .235 .176 .176 .176 UTILITY .162 .162 .139 .162 .093 .069 REIT .044 .039 .033 .028 .033 .028 BONDFUND 0 .018 .018 0 0 .018 N = 19

===============================================================================
===============================================================================

 2/14/2018      The median gain in the DJI after past Buy B5s was 10.5%.  If the DJI gains as much
                       here, we should see it reach 26730 at the next Peerless Sell.  This is not so outlandish.
                       After all, the September Buy B21 brought almost exactly the 17.5% gain it had averaged
                       in the past. 

                       The DJI, NASDAQ and QQQ each closed decisively above their now rising 65-dma. today
                       Simultaneously, the NYSE A/D Line has broken above its steep downtrend-line. This is a bullish
                       combination and makes it seem that they are setting up broad trading ranges, bounded by the
                       resistance at their highs at the end of January and their lows 10% down from that a few days
                       ago.  If this chart interpretation is correct, expect prices to fairly easily rise until we reach the
                       necklines of the quickly formed head/shoulders patterns at the recent tops.

                       Of course, this assumes that the round number 25,000 can quickly be surmounted.  Making
                       the market rally now are two Labor Department reports that just came out yesterday.  The
                       first pegs the CPI (Inflation Rate) at 2.1% annualized.  3.2% is the level history suggests we
                       have to worry about.  The second is that real wages actually declined in January.  For the last
                       30 years, there is ample evidence in the Fed's own FOMC deliberations that shows they|
                       often sought to raises rates only when rising real wages themselves posed a threat to corporate
                       profits.




                      That we may be on our way back to the recent highs, the DJI moved up 1% today.
                      As expected, the leaders today in the DJI-30 were its 3 highest priced components:
                      BA ( 343.11 +8.42), GS (269.03 +3.35) and MMM (252.36 + 4.67).  But it was
.                     also a broad advance today, as there were 1145 more up than down on the NYSE. 
                      Tomorrow we will want to see follow-trough strength that lifts the SP-500, NYSE,
                      OEX and Russell-2000 above their 65-dma, too.

 

Charts 2/14/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/14/2018   Bullish MAXCPs    Bearish MINCPs                                 Augmented Buy B20s                                   See how well Buy B20s timed entrance into long positions for top 2017 stocks.

Table 1                      QUICKSILVER on ETFS - 02/14/18   ETF CLOSE CHANGE PIVOT-PT 5-dmaAROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 249.3 2.73 238.67 11% Bearish BLUE .069 ---- --------------------------------------------------------------------------------------------- COMPQX 7143.62 130.11 6777.16 66% Bullish BLUE .085 .015 --------------------------------------------------------------------------------------------- SPY 269.59 3.59 257.63 36.4% Bearish BLUE .03 -.009 --------------------------------------------------------------------------------------------- QQQ 162.68 2.99 153.45 78.3% Bearish BLUE .021 .025 --------------------------------------------------------------------------------------------- MDY 341.38 6.14 327.4 42.9% ---- BLUE .082 -.039 --------------------------------------------------------------------------------------------- IWM 151.15 2.67 145.44 44.3% ---- BLUE .09 -.04 --------------------------------------------------------------------------------------------- FAS 69.68 3.5 60.51 135.5% Bullish BLUE .137 .025 --------------------------------------------------------------------------------------------- RETL 36.5 1.94 33.31 -20.3% Bullish BLUE .149 .108 --------------------------------------------------------------------------------------------- SOXL 149.69 9.42 122.3 357.3% Bearish BLUE .026 .036 --------------------------------------------------------------------------------------------- TECL 120.02 6.34 101.51 272.2% Bearish BLUE -.004 .066 --------------------------------------------------------------------------------------------- IBB 109.73 2.19 104.86 15% Bullish BLUE .082 .01 --------------------------------------------------------------------------------------------- GLD 128.23 2.15 124.98 137.4% ---- BLUE -.088 .026 --------------------------------------------------------------------------------------------- OIL 6.65 .21 6.58 -107.1% Bearish BLUE .036 .032 --------------------------------------------------------------------------------------------- OIH 24.34 .36 24.2 -215.7% Bearish BLUE -.119 -.07 --------------------------------------------------------------------------------------------- GASL 18.59 1.43 16.85 -176.8% Bearish BLUE -.111 -.263 --------------------------------------------------------------------------------------------- UGA 30.44 .52 W30.98 -147.8% ---- BLUE -.001 -.056 --------------------------------------------------------------------------------------------- UUP 23.23 -.18 W23.6 -78.5% Bearish RED .018 -.067 --------------------------------------------------------------------------------------------- IEF 101.74 -.62 W102.4 -27.9% Bearish RED -.191 -.068 --------------------------------------------------------------------------------------------- XLU 48.6 -.55 47.56 51.6% Bearish RED -.107 -.167 --------------------------------------------------------------------------------------------- WEAT 6.39 -.06 6.37 -39.1% Bullish ---- .144 .007 --------------------------------------------------------------------------------------------- YINN 37.02 2.99 32.74 -102.2% Bearish BLUE .074 .124 --------------------------------------------------------------------------------------------- RSX 23.07 .61 21.53 211.4% Bearish BLUE .002 .047 --------------------------------------------------------------------------------------------- AAPL 167.37 3.03 155.15 245.3% ---- BLUE -.056 -.05 --------------------------------------------------------------------------------------------- GOOG 1069.7 17.6 1001.52 101.7% ---- BLUE .067 .031 --------------------------------------------------------------------------------------------- MSFT 90.81 .98 85.01 67.9% Bullish BLUE .009 .049 --------------------------------------------------------------------------------------------- AMZN 1451.05 36.54 1350.5 124% Bearish BLUE .07 .22 --------------------------------------------------------------------------------------------- FB 179.52 6.37 171.58 -18.8% ---- BLUE .053 -.003 --------------------------------------------------------------------------------------------- NVDA 241.42 8.79 217.52 277% Bullish BLUE .101 .193 --------------------------------------------------------------------------------------------- BA 344.85 1.69 329.66 -48.2% Bullish BLUE -.047 .242 --------------------------------------------------------------------------------------------- GS 262.58 7.05 246.35 108.6% Bullish BLUE .2 .026 --------------------------------------------------------------------------------------------- HD 184.69 .97 181.22 -178.5% Bearish BLUE .117 -.005 --------------------------------------------------------------------------------------------- CAT 158.06 4.09 145.99 123% ---- BLUE .045 .089

Table 2 Count of Stocks in Key Tiger Directories Date = 2018-02-14 -------------------------------------- NEWHIGHS               118 NEWLOWS                  87 MAXCP                      141 Professionals have turned bullish MINCP                         36 TTTNH                       117 Day Traders have turned bullish TTTNL                          94 FASTUP                     177 More fast-movers up for swing traders. FASTDOWN              105 CPCROSSA               389 Ratio shows today was significant. 12:25 AM 2/15/2018 CPCROSSD                 40 BIGVOLUP                   3 BIGVODN                     9 Small scale dumping now.

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = 180214 No. NHs Pct ------------------------------------------------------------------- BIGMIL 6 2 33 % HACKERS 25 4 16 % ---------------------------------------------------- COAL 10 1 10 % MILITARY 38 3 8 % SOFTWARE 66 4 6 % INFRA 35 2 6 % RETAIL 53 3 6 % BIOTECH 385 17 4 % REGBANKS 33 1 3 % NIFTY 30 1 3 % SP-100 96 3 3 % INSURANC 32 1 3 % RUS-1000 837 23 3 % CHINA 64 2 3 % FINANCE 93 2 2 % INDMATER 90 2 2 % INDEXES 194 4 2 % MORNSTAR 238 4 2 % SP500 485 12 2 % NASD-100 100 2 2 % ELECTRON 178 2 1 % REIT 178 1 1 % COMODITY 70 1 1 % Others none

Table 4   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/14/18 Bearish = 27 Bullish = 17 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL .833 .833 1 .833 1 1 HOSPITAL .75 .625 .75 .75 .625 .75 BIGBANKS .714 .571 .571 .285 .285 .571 GOLD .686 .333 .313 .215 .235 .274 FOOD .666 .6 .533 .533 .6 .533 COMODITY .657 .442 .428 .414 .5 .614 SOFTWARE .651 .5 .484 .409 .303 .469 RETAIL .641 .509 .452 .528 .396 .66 INDEXES .608 .391 .35 .288 .293 .5 MILITARY .605 .421 .421 .315 .368 .421 FINANCE .602 .451 .43 .344 .268 .537 HACKERS .6 .56 .52 .48 .36 .4 ETFS .582 .388 .268 .223 .149 .388 REGBANKS .575 .363 .333 .333 .181 .424 INDMATER .533 .388 .377 .211 .2 .4 MORNSTAR .508 .357 .352 .231 .176 .47 BIOTECH .501 .446 .42 .376 .376 .48 N=17 ============================================================================================= COAL .5 .4 .4 .1 .4 .3 NASD-100 .5 .37 .37 .38 .3 .48 ============================================================================================- CHINA .468 .312 .218 .234 .171 .343 SP500 .463 .354 .34 .276 .222 .457 SP-100 .447 .322 .333 .25 .229 .479 RUS-1000 .44 .345 .327 .253 .209 .42 INSURANC .437 .187 .218 .187 .093 .281 INFRA .428 .428 .342 .228 .171 .457 PIPELINE .428 .428 .428 .142 .142 .571 DOWJONES .4 .366 .4 .266 .2 .466 NIFTY .4 .333 .333 .3 .233 .4 TRANSP .4 .4 .3 .3 .3 .5 GAMING .392 .321 .357 .357 .357 .571 DJI-13 .384 .384 .461 .153 .153 .538 OILGAS .364 .278 .285 .192 .207 .371 GREEN .354 .225 .258 .129 .193 .193 COMPUTER .347 .347 .26 .217 .26 .26 JETS .333 .555 .333 .333 .333 .333 AUTO .325 .275 .4 .325 .325 .375 ELECTRON .303 .202 .179 .123 .112 .207 SEMI .3 .207 .169 .107 .1 .184 EDU .285 .142 .142 .142 .142 .142 CHEM .274 .145 .161 .096 .08 .258 BEVERAGE .25 .2 .3 .2 .15 .3 HOMEBLDG .235 .235 .176 .176 .176 .294 SOLAR .19 .142 .142 0 .047 .095 UTILITY .162 .139 .162 .093 .069 .116 REIT .039 .033 .028 .033 .028 .033 BONDFUND .018 .018 0 0 .018 .018 N = 27

==============================================================================
==============================================================================

           2/13/2018      The current Peerless Buy B5 predicts more than a 9% jump in the DJI by the
                                 time of the next Peerless Sell signal, assuming the median rise after this signal
                                 plays out.  True, the Closing Powers and 5-day moving averages are still falling
                                 for DIA, SPY, QQQ and the NASDAQ and true the DJI and the other key
                                 indexes must still get past their 65-dma, but Buy B5s have always been profitable. 

                                 As usually happens, it is up to the DJI to lead the market up.  But we have to be
                                 impressed today that there were more than 600 advancers on the NYSE as well as
                                 how the most Bullish MAXCPs are doing.  Note, we still do not see enough Bullish
                                 MAXCP stocks, however, to be complacent.  So stay short a few of the Bearish
                                 MINCPs is my counsel.  We definitely want to be buyers of some the augmented
                                 B20 special situations.  See their amazing success in 2017-2018.

                                                       Positive OBVPct with DJI below the Lower Band
             
                                 There's another interesting statistic now that we may be able to learn from by looking at
                                 its history.  The DJI closed 3.7% below its 21-day ma and the OBVPct stands at a
                                 positive +.143.  See Table A below.  The conclusion I reach looking at all 12 past
                                 cases is that these technical characteristics usually brings an excellent rally after
                                 some minor weakness but only when the DJI is still in a bull market and above a rising
                                 200-day ma.  Otherwise, a positive OBVPct when the DJI is below its 200-day ma
                                 can be a very bearish sign, notably in 1930 and 2008.

                                 The CPI figures, just out, show that the 12-month rate of inflation is holding steady
                                 at 2.1%.  This is 1% less than the level that my research shows is dangerous.
                                    ( https://www.bls.gov/news.release/cpi.nr0.htm )

                                 Watch the "la/ma" number.  We need to see it rise above .965 to show that the
                                 DJI is coming back within our normal 3.5% bands.

                               




                            STOCKS:  Augmented Buy B20s  (Takeoff velocity reached)



                                 When we look at the best performing stocks of 2017, we find, as usual, that about
                                 75% show flat top breakouts with the Accumulation Index either bulging above +.375
                                 in the month or two before the breakout or during the breakout.  This we have found
                                 to be true in all our yearly studies of super stocks going back to the 1980s. 

                                 One important additional finding should be noticed.  A Tiger Buy B20 occurred early on,
                                 in a  very timely manner, for nearly all of 2017's super-stocks.  As a result, I want to start
                                 showing the best of the Tiger Buy B20s here several times a week.  By downloading
                                 BIG17 (that is the name I have given the 48 top performing stocks of 2017) from our
                                 Tiger Data Page, you can readily replicate these findings.  Because of this study's
                                 significance, you can now also download the full list of BUYB20s for the last two
                                 weeks, too, and inspect them more closely. 

                                 Here are the next best 12 best performing stocks of 2017. All but one had
                                 nearly perfect Buy B20s at the start of their move.  I'm quite stunned by their
                                 success here.  This is quite amazing.  You can readily replicate these results yourself.







 

Charts 2/13/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/13/2018   Bullish MAXCPs    Bearish MINCPs                                                     Augmented Buy B20s

Table A               Special Study                             Conditions:                             DJI is below the 3.5% lower band and the OBVPct is above +.12                             In addition, the P-I and IP21 were negative, as now.                                   Date                  DJIA                   LA/MA               P-I                      IP21 1 19290524 305.6 .961 -98.4 -.071 RISING 200 DMA. Bull market. DJI fell from 305.6 to 293.4 on 5/27/1929. DJI then rallied to 381 on 9/3/29. ---------------------------------------------------------------------------------------------- 2 19300428 276.9 .959 -74.9 -.028 DJI began a long bear market. ---------------------------------------------------------------------------------------------- 3 19300609 250.8 .93 -52 -.123 DJI turned down again and fell sharply. ---------------------------------------------------------------------------------------------- 4 19300814 221.1 .95 -67 -.046 DJI immediately rallied from 221.1 to 244.3 on 9/9/30. ---------------------------------------------------------------------------------------------- 5 19320602 47.3 .899 -103.9 -.084 DJI based and 3 wks later rose dramatically from 42.8 to 79.9 on 9/7/32. ---------------------------------------------------------------------------------------------- 6 19340502 98.8 .95 -32.3 -.038 DJI fell immediately to 91.8 on 5/14/34. ---------------------------------------------------------------------------------------------- 7 19390810 137.3 .965 -19.8 -.05 DJI fell immediately to 131.3 on 8/24/1939. But then jumped to 155.9 on 9/12/1039 ---------------------------------------------------------------------------------------------- 8 19730814 870.71 .956 -142.1 -.035 DJI fell immediately to 851.9 on 8/22/1973. But then jumped to 987.06 on 10/26/73. ---------------------------------------------------------------------------------------------- 9 19860717 1781.78 .962 -82.8 -.034 RISING 200 DMA. Bull market. DJI fell to 1766.87 on 7/29/1986. But then jumped to 1919.71 on 9/4/86. ---------------------------------------------------------------------------------------------- 10 20070803 13181.91 .965 -428.6 -.071 RISING 200 DMA. Bull market. DJI fell to 12845.78 on 8/16/2007. But then jumped to 14164.53 on 10/9/2007. ---------------------------------------------------------------------------------------------- 11 20080104 12800.18 .958 -103.9 -.077 DJI fell to 11971.19 on 1/22/2008. ---------------------------------------------------------------------------------------------- 12 20080915 10917.51 .956 -256 -.046 DJI fell to 8451.19 on 10/10/2008.

Table 1                      QUICKSILVER on ETFS - 02/13/18 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 246.57 .4 W248.76 -48.8% Bearish BLUE .017 ----- --------------------------------------------------------------------------------------------- COMPQX 7013.51 31.55 W7051.98 -73.5% Bearish BLUE .01 .005 --------------------------------------------------------------------------------------------- SPY 266 .66 W267.67 -59.2% Bearish BLUE -.023 -.012 --------------------------------------------------------------------------------------------- QQQ 159.69 .82 W160.21 -82.8% Bearish BLUE -.043 .014 --------------------------------------------------------------------------------------------- MDY 335.24 .99 W338.52 -55.4% Bearish BLUE .026 -.046 --------------------------------------------------------------------------------------------- IWM 148.48 .32 W149.84 -40.9% Bearish BLUE .007 -.049 --------------------------------------------------------------------------------------------- FAS 66.18 .94 W67.93 -139.4% Bearish BLUE .061 -.011 --------------------------------------------------------------------------------------------- RETL 34.56 .6 W36.64 -131.2% Bearish BLUE .042 .041 --------------------------------------------------------------------------------------------- SOXL 140.27 -.21 140.02 -354.5% Bearish BLUE -.023 -.053 --------------------------------------------------------------------------------------------- TECL 113.68 .76 W114.04 -230.5% Bearish BLUE -.069 .006 --------------------------------------------------------------------------------------------- IBB 107.54 .19 W109.41 -84.8% Bearish BLUE -.003 .006 --------------------------------------------------------------------------------------------- GLD 126.08 .71 124.79 28% Bearish BLUE -.108 .026 --------------------------------------------------------------------------------------------- OIL 6.44 0 W6.79 -458.1% Bearish BLUE -.006 .035 --------------------------------------------------------------------------------------------- OIH 23.98 -.32 W25.39 -445.9% Bearish RED -.196 -.04 --------------------------------------------------------------------------------------------- GASL 17.16 -.73 W19.21 -1020.4% Bearish RED -.232 -.271 --------------------------------------------------------------------------------------------- UGA 29.92 .17 W31.34 -343.3% Bearish BLUE -.066 -.057 --------------------------------------------------------------------------------------------- UUP 23.41 -.13 W23.6 -2.1% Bullish ---- .025 -.048 --------------------------------------------------------------------------------------------- IEF 102.36 .17 102.31 -12.2% Bearish BLUE -.164 -.047 --------------------------------------------------------------------------------------------- XLU 49.15 .22 48.1 84.9% Bearish BLUE -.096 -.147 --------------------------------------------------------------------------------------------- WEAT 6.45 -.02 6.44 141.4% Bullish ---- .145 .044 --------------------------------------------------------------------------------------------- YINN 34.03 -.01 W37.72 -1417% Bearish BLUE .008 .015 --------------------------------------------------------------------------------------------- RSX 22.46 .28 22.14 -86.1% Bearish BLUE -.098 .021 --------------------------------------------------------------------------------------------- AAPL 164.34 1.63 159.54 41.1% Bearish BLUE -.123 -.059 --------------------------------------------------------------------------------------------- GOOG 1052.1 .16 1048.58 -136.5% Bearish BLUE .015 .015 --------------------------------------------------------------------------------------------- MSFT 89.83 .7 89.61 -84.6% Bearish BLUE -.062 .052 --------------------------------------------------------------------------------------------- AMZN 1414.51 28.28 W1416.78 -102.1% Bearish BLUE .009 .187 --------------------------------------------------------------------------------------------- FB 173.15 -3.26 W180.18 -341.7% Bearish RED -.037 -.038 --------------------------------------------------------------------------------------------- NVDA 232.63 4.6 228.8 155.7% Bearish BLUE .045 .144 --------------------------------------------------------------------------------------------- BA 343.16 -.64 W348.12 33.2% ---- BLUE -.093 .224 --------------------------------------------------------------------------------------------- GS 255.53 2.37 W257.1 -62.7% Bullish BLUE .151 .017 --------------------------------------------------------------------------------------------- HD 183.72 -.34 W191.29 -196.4% Bearish BLUE .044 .006 --------------------------------------------------------------------------------------------- CAT 153.97 1.68 W154.34 -80.4% Bearish BLUE -.003 .075

Table 2 Count of Stocks in Key Tiger Directories Date = 180213 -------------------------------------- NEWHIGHS 43 NEWLOWS 75 Many stocks remain vulnerable. MAXCP 30 MINCP 114 Professionals are still net bearish TTTNH 46 TTTNL 223 Day Traders who fade the market are still dominant. FASTUP 123 FASTDOWN 178 CPCROSSA 103 CPCROSSD 15 BIGVOLUP 3 BIGVODN 6

Table 3 New Highs by Sector Date = 180213 No. NHs Pct/ ------------------------------------------------------------------- BIGMIL 6 1 17 % HACKERS 25 4 16 % SOFTWARE 66 3 5 % MILITARY 38 1 3 % INDEXES 194 3 2 % BIOTECH 386 8 2 % FINANCE 93 1 1 % ELECTRON 178 1 1 % RUS-1000 837 6 1 % REIT 178 1 1 % (Others show no highs)

Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/13/18 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL .833 1 .833 1 1 1 HOSPITAL .625 .75 .75 .625 .75 .75 FOOD .6 .533 .533 .6 .533 .6 BIGBANKS .571 .571 .285 .285 .571 .571 HACKERS .56 .52 .48 .36 .4 .36 JETS .555 .333 .333 .333 .333 .333 RETAIL .509 .452 .528 .396 .66 .622 N=7 =========================================================================================== SOFTWARE .5 .484 .409 .303 .469 .484 =========================================================================================== FINANCE .451 .43 .344 .268 .537 .526 BIOTECH .448 .422 .378 .378 .487 .463 COMODITY .442 .428 .414 .5 .614 .685 INFRA .428 .342 .228 .171 .485 .428 PIPELINE .428 .428 .142 .142 .571 .571 MILITARY .421 .421 .315 .368 .421 .421 COAL .4 .4 .1 .4 .3 .4 TRANSP .4 .3 .3 .3 .5 .45 INDEXES .391 .35 .288 .293 .505 .572 ETFS .388 .268 .223 .149 .402 .656 INDMATER .388 .377 .211 .2 .4 .433 DJI-13 .384 .461 .153 .153 .538 .538 NASD-100 .37 .37 .38 .3 .48 .55 DOWJONES .366 .4 .266 .2 .466 .466 REGBANKS .363 .333 .333 .181 .393 .363 MORNSTAR .357 .352 .231 .176 .47 .495 SP500 .354 .34 .276 .222 .457 .482 COMPUTER .347 .26 .217 .26 .26 .304 RUS-1000 .345 .327 .253 .209 .42 .422 GOLD .333 .313 .215 .235 .274 .372 NIFTY .333 .333 .3 .233 .4 .5 SP-100 .322 .333 .25 .229 .479 .541 GAMING .321 .357 .357 .357 .571 .571 CHINA .312 .218 .234 .171 .328 .578 OILGAS .278 .285 .192 .207 .371 .464 AUTO .275 .4 .325 .325 .375 .45 HOMEBLDG .235 .176 .176 .176 .294 .176 GREEN .225 .258 .129 .193 .193 .129 SEMI .207 .169 .107 .1 .192 .23 ELECTRON .202 .179 .123 .112 .213 .247 BEVERAGE .2 .3 .2 .15 .3 .3 INSURANC .187 .218 .187 .093 .281 .281 CHEM .145 .161 .096 .08 .258 .274 EDU .142 .142 .142 .142 .142 .142 SOLAR .142 .142 0 .047 .095 .095 UTILITY .139 .162 .093 .069 .116 .116 REIT .033 .028 .033 .028 .033 .033 BONDFUND .018 0 0 .018 .018 .009 N= 38

==============================================================================
==============================================================================
           2/12/2018      The Futures show another decline is shaping up.  We need to see the DJI refuse
                                 to zig-zag much below 24000 and then start another rally.  That, however, is not
                                 what happened in the past when a Buy B5 took place below a flat 65-dma.
                                 In the two cases this happened, in 1935 and 1955, the DJI had to make another
                                 new low before it could rally significantly.  But then it did rally nicely. 

                                 The President's Infrastructure Spending plan is far more private than public, says
                                 the NY Times tonight.  It is quite unlike Eisenhower's interstate highway plan,
                                 which was a powerful stimulus in the 1950s and 1960s.  Instead, we will see more
                                 partisan Congressional fighting, a longer delay and in the end, probably just
                                 a token effort to deal with the crumbing US infrastructure.  This will give the
                                 market an excuse to sell-off a bit here.  But, little more should have been expected.
                                 The federal budget's deficit is already very big. If I am right, and Trump's proosals
                                 here are not much of a surprise, then the DJI should shrug this news off. 
                                 Watch CAT, though, to see how it reacts.
                                 (See https://www.nytimes.com/2018/02/12/business/trump-infrastructure-proposal.html?emc=edit_th_180213&nl=todaysheadlines&nlid=58223894 )
                                


                                
                                 The DJI and leading stocks took a nice step forward in repairing the technical
                                 damage of last week's decline.  But it is still below its flat 65-dma and still is not
                                 within its normal bands.  There appears to be lots of resistance overhead up to
                                 25,000 on the Dow.  From Table 1, we see that almost all the 31 items there
                                 are below their 5-dma pivot point and show falling Closing Powers.  From Table 1,
                                 we note that only 4 of our 46 sectors show a majority of their stocks above the
                                 65-dma.  There are many more stocks below the resistance of their 65-dma than
                                 above its support.  There is a great deal of pressure on the strongest and highest
                                 priced DJI-30 stocks, BA, GS, UNH, CAT...  They need to hold up.

                                 But for one day, at least, breadth was good and we do now have  a Peerless Buy B5
                                 as the operative Peerless signal.  After more base-building,  the DJI should able to
                                 stabilize the market and then make new highs again in a month or two.  All the political-
                                 economic factors that made the market soar last year are still in effect.  Today the NY Fed
                                 said it believed Inflation is not yet a serious threat.  Bond holders apparently did not believe
                                 him.  Bonds and REITs rallied very little.  We will be eager to see the latest CPI numbers
                                 later this week.  
                                
                                 Right now, 24000 should be considered support and 25000 considered resistance.
                                 Owning some of the few bullish MAXCPs and holding short some of the bearish MINCPs
                                 would seem to be prudent and offer a high chance for a profit.

Charts 2/12/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/12/2018   Bullish MAXCPs    Bearish MINCPs

Table 1                      QUICKSILVER on ETFS - 02/12/18 Only 5 of the 31 ETFs and leading stocks below are above their 5-day pivot points: These include NVDA and BA Only 2 of the 31 ETFs and leading stocks have "Bullish" Closing Powers: WEAT and GS ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 246.17 4.14 W248.96 59.3% Bearish BLUE .017 ---- --------------------------------------------------------------------------------------------- COMPQX 6981.96 107.47 W7115.88 10.4% Bearish BLUE .018 -.005 --------------------------------------------------------------------------------------------- SPY 265.34 3.84 W269.13 26.7% Bearish BLUE -.016 -.018 --------------------------------------------------------------------------------------------- QQQ 158.87 2.77 W162.31 23.7% Bearish BLUE -.036 .004 --------------------------------------------------------------------------------------------- MDY 334.25 3.22 W338.94 -19% Bearish BLUE .013 -.056 --------------------------------------------------------------------------------------------- IWM 148.16 1.39 W149.69 8.1% Bearish BLUE -.021 -.062 --------------------------------------------------------------------------------------------- FAS 65.24 2.24 W67.99 16.2% Bearish BLUE .07 -.02 --------------------------------------------------------------------------------------------- RETL 33.96 -.04 W35.47 206.4% Bearish RED .054 -.003 --------------------------------------------------------------------------------------------- SOXL 140.48 7.04 W150 163.5% Bearish BLUE -.033 -.046 --------------------------------------------------------------------------------------------- TECL 112.92 5.89 W118.79 156.6% Bearish BLUE -.077 .012 --------------------------------------------------------------------------------------------- IBB 107.35 1.68 W109.36 7.9% Bearish BLUE -.009 .007 --------------------------------------------------------------------------------------------- GLD 125.37 .6 W125.38 -53.5% Bearish BLUE -.091 -.001 --------------------------------------------------------------------------------------------- OIL 6.44 .01 W7.05 -478.8% Bearish RED .015 .019 --------------------------------------------------------------------------------------------- OIH 24.3 .46 W26.19 -299% Bearish BLUE -.167 -.021 --------------------------------------------------------------------------------------------- GASL 17.89 1.34 W20.89 -631.9% Bearish BLUE -.208 -.202 --------------------------------------------------------------------------------------------- UGA 29.75 -.51 W32.04 -446.9% Bearish RED -.087 -.077 --------------------------------------------------------------------------------------------- UUP 23.54 -.08 23.42 36.1% ---- RED .008 -.057 --------------------------------------------------------------------------------------------- IEF 102.19 -.03 W102.61 -42.4% Bearish ---- -.178 -.064 --------------------------------------------------------------------------------------------- XLU 48.93 .37 48.33 -13.5% Bearish BLUE -.143 -.161 --------------------------------------------------------------------------------------------- WEAT 6.47 .2 6.27 221.9% Bullish BLUE .077 .032 --------------------------------------------------------------------------------------------- YINN 34.04 1.31 W44.32 -1066.5% Bearish BLUE .004 -.022 --------------------------------------------------------------------------------------------- RSX 22.18 .51 W22.84 -20.4% Bearish BLUE -.111 -.011 --------------------------------------------------------------------------------------------- AAPL 162.71 6.3 W163.03 196.7% Bearish BLUE -.13 -.068 --------------------------------------------------------------------------------------------- GOOG 1051.94 14.16 W1080.6 -18.5% Bearish BLUE .043 .001 --------------------------------------------------------------------------------------------- MSFT 89.13 .95 W91.33 63.9% Bearish BLUE -.068 .041 --------------------------------------------------------------------------------------------- AMZN 1386.23 46.63 W1442.84 -13.6% Bearish BLUE .016 .166 --------------------------------------------------------------------------------------------- FB 176.41 .3 W185.31 -135.6% Bearish RED -.007 -.021 --------------------------------------------------------------------------------------------- NVDA 228.03 -4.05 225.58 320.5% Bearish RED .018 .133 --------------------------------------------------------------------------------------------- BA 343.8 10.97 340.91 222% Bearish BLUE -.051 .248 --------------------------------------------------------------------------------------------- GS 253.16 3.86 W258.7 80.3% Bullish BLUE .156 .021 --------------------------------------------------------------------------------------------- HD 184.06 -.06 W91.04 25.5% Bearish RED -.003 .01 --------------------------------------------------------------------------------------------- CAT 152.29 3.08 W156.41 40% Bearish BLUE -.005 .075

Table 2 Count of Stocks in Key Tiger Directories Date = 180212 -------------------------------------- NEWHIGHS 31 NEWLOWS 71 MAXCP 14 MINCP 159 Professionals are in no hurray to play this rally with most stocks. TTTNH 25 TTTNL 359 Day Traders will keep playing fades from higher openings for a while longer. FASTUP 126 FASTDOWN 146 CPCROSSA 69 CPCROSSD 28 BIGVOLUP 7 BIGVODN 9 Dumping has largely stopped.

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = 180212 ------------------------------------------------------------------- HACKERS 25 1 4 % FINANCE 93 1 1 % INDEXES 194 2 1 % ELECTRON 178 2 1 % BIOTECH 386 3 1 % --------------------------------------------------- All other have none...

Table 4   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/12/18 Bearish = 41 Bullish = 5 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 .833 1 1 1 1 HOSPITAL .75 .75 .625 .75 .75 .75 BIGBANKS .571 .285 .285 .571 .571 .285 FOOD .533 .533 .6 .533 .6 .533 HACKERS .52 .48 .36 .4 .36 .36 N=5 ============================================================================================ SOFTWARE .484 .409 .303 .469 .484 .439 DJI-13 .461 .153 .153 .538 .538 .23 RETAIL .452 .528 .396 .66 .622 .452 FINANCE .43 .344 .268 .537 .537 .408 COMODITY .428 .414 .5 .614 .685 .671 PIPELINE .428 .142 .142 .571 .571 .571 BIOTECH .422 .378 .378 .487 .466 .417 MILITARY .421 .315 .368 .421 .473 .447 COAL .4 .1 .4 .3 .4 .4 DOWJONES .4 .266 .2 .466 .466 .3 AUTO .384 .307 .307 .358 .435 .333 INDMATER .377 .211 .2 .4 .433 .388 NASD-100 .37 .38 .3 .48 .55 .44 GAMING .357 .357 .357 .571 .571 .607 MORNSTAR .352 .231 .176 .47 .495 .348 INDEXES .345 .288 .293 .505 .603 .396 INFRA .342 .228 .171 .485 .428 .342 SP500 .34 .276 .222 .457 .482 .377 JETS .333 .333 .333 .333 .333 .333 NIFTY .333 .3 .233 .4 .5 .4 REGBANKS .333 .333 .181 .393 .393 .303 SP-100 .333 .25 .229 .479 .541 .364 RUS-1000 .327 .253 .209 .42 .43 .35 GOLD .313 .215 .235 .274 .372 .431 BEVERAGE .3 .2 .15 .3 .3 .35 TRANSP .3 .3 .3 .5 .45 .4 OILGAS .285 .192 .207 .371 .464 .407 ETFS .268 .223 .149 .402 .656 .507 COMPUTER .26 .217 .26 .26 .347 .304 GREEN .258 .129 .193 .193 .161 .129 CHINA .218 .234 .171 .328 .578 .515 INSURANC .218 .187 .093 .281 .281 .281 ELECTRON .179 .123 .112 .213 .258 .191 HOMEBLDG .176 .176 .176 .294 .176 .117 SEMI .169 .107 .1 .192 .238 .176 UTILITY .162 .093 .069 .116 .093 .093 CHEM .161 .096 .08 .258 .274 .177 EDU .142 .142 .142 .142 .142 .142 SOLAR .142 0 .047 .095 .095 .047 REIT .028 .033 .028 .033 .033 .028 BONDFUND 0 0 .018 .018 .009 .018 Bearish = 41

                             
==============================================================================
==============================================================================
           2/9/2018        It is extremely rare for the DJI to drop more 10% from its highs after
                                 just the first Sell S9.  The current Buy B15 is not abated. hindered or denied
                                 by the recent Sell S9. But the flat 65-dma and its resistance up to 25000
                                 is apt to be a problem for the rebound which the new B5 and the Futures are
                                 producing.  Unless Up-Volume surges dramatically, possibly because
                                 Fed Chairman Powell speaks out dovishly, more basing will probably be needed.
                                 The DJI needs to get back within its normal 3.5% bands and stay there for a
                                 few weeks to show what happened last week was just a aberration.  My opinion
                                 is that until all the VIX-related leveraged derivatives are eliminated from the market,
                                 most traders will be nervous and they will be quick to take rebound profits.  Others
                                 will use these VIX-related derivatives right up to the very last day that they
                                 are allowed.  And as we have seen, these tools are a double-edged sword.  They
                                 can cut down share prices very quickly.

                                 It's nice to see that the bulls still have enough fire-power to turn the market around. 
                                 The DJI could not be forced down Friday.  In the last two hours the key major market
                                 indexes all reversed.  Instead of a Buy B19 (two-day reversal day Buy signal),
                                 Peerless gave us a new Buy B5.  This is reliably bullish even when it occurs
                                 with the DJI looking quite scary.  See all the cases of past B5s below in Table A.
                                 and all the charts of the past B5s.  But in the two prior cases when the B5 occurred
                                 below a flat 65-dma, the DJI's recovery was short-lived, could not get past
                                 its 65-dma and needed to build a better base by making more minor lows. Those
                                 were the cases of 1935 and 1956.

                                 The new Buy B5 is bullish.  Watch the NYSE A/D Line.  It needs to move up,
                                 at least a little.  But, the worst of the decline may now be over...unless, of course,
                                 the FED under Chairman Powell is going to more aggressively raise rates or more
                                 aggressively dispose of its $5 trillion in Debt Instruments.  Assuming, this is not so,
                                 I would think the market will gradually calm down over the next month.  Of course,
                                 there might still be another rogue influence on the market.  But I do not see any big
                                 banks about to collapse.  It's true that General Electric looks very weak.  A plunge
                                 downward by it now would certainly spook the market and that could set off another
                                 leg down in the DJI and SP-500 as all the computerized sell programs again kick in.
 
                                 So, it looks like the DJI will try to rally the market back up to the 65-dma
                                 now at 24728.  That level is likely to offer too much resistance and the DJI
                                 will most likely then need to fall back to 23730 and build a better base
                                 from which to rally.  That would also give the market time to show that the
                                 recent volatility is subsiding.  That would give the DJI time to come back
                                 within its normal 3.5% bands and rally after then testing its lower 3.5% band.
                                 perhaps like occurred in October-November 1989.  What the DJI does, so
                                 will the NASDAQ, SP-500 and QQQ do.  They are all moving in lock-step,
                                 again showing the dominant influence of computerized trading

                                                           New Buy B5 CAN reverse S9,
                                              especially when the S9 was first in 10 Months.




                                                            Closest Parallels with Now
                                 
 3/11/1935 -  DJI was below a flat 65-dma, DJI needed to drop to new news before rallying above 65-dma.
 10/7/1956 -  DJI was below a flat 65-dma, DJI needed to drop to new news before rallying above 65-dma.
 2/9/2014   -  DJI was below a flat 65-dma.

1935

1956

Past Peerless Buy B15s: 1929-2018 Date Signal DJI Gain Paper Loss #1 19281212 B5 266.8 .172 none Key Values .949 -.123 -29 -6 -.004 -535 .048 .103 .37 (type 1) la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ----------------------------------------------------------------------------- #2 19321101 B5 60.2 .09 none 0 (type 1) .952 -.123 -29 -6 -.004 -535 .048 .103 .37 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ----------------------------------------------------------------------- #3 19330616 B5 89.2 .121 none 0 (type 4) 1.002 .886 85 -36 .092 194 .237 .436 1.41 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #4 19350311 B5 99.4 .356 96.7 -.010 3/14 (type 4) .967 -.093 -47 -2 -.027 -103 .065 -.032 -.130 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #5 19481116 B5 176.2 .023 171.2 -.028 11/30 (type 4) .961 -.538 33 -1 -.114 -88 .154 -.018 -.07 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #6 19551007 B5 458.2 .132 438.6 -.048 10/11 (type 4) .969 -.425 -30 -30 .074 -343 .094 -.005 -.02 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #7 19631122 B5 711.5 .320 none 0 (type 1) .953 -.557 -151 -40 -.141 -1021 .016 -.006 -.03 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #8 19780627 B5 817.31 .107 none 0 (type 4) .970 -.203 -114 3 -.11 -1 .072 .08 .28 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #9 19860717 B5 1781.78 .032 1769.97 -.005 8/4 (type 4) .963 -.539 -83 +29 -.034 -11 .151 -.016 -.06 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #10 19870414 B5 2253.98 .039 2230.54 -.010 4/27 (type 4) .966 .028 -203 -48 .108 -17 .213 .121 .42 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #11 19880328 B5 1998.34 .056 none 0 (type 4) .964 -.252 -35 -38 .08 -6 .005 .013 -.05 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #12 19891013 B5 2569.26 .094 perfect 0 (type 1) .947 -.419 -73 -36 .007 -7 .143 .014 .05 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #13 20090623 B5 8322.91 .237 perfect 0 (type 4) .968 .063 36 -14 .011 -115 .032 .143 .48 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- #14 20111123 B5 11257.55 .075 none 0 (type 1) .946 -.449 -153 -17 .001 -152 .042 .007 .02 la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ---------------------------------------------------------------------- N=14 Avg.=13.2% Median Gain = 10.5% Avg Paper Loss=0.7% ====================================================================== 20180209 B5 24190.90 (type 4) .941 -.545 -314 57 .003 -127 .139 .027 .09 lowest lowest highest la/ma aroc P p-cha IP21 V-I OP 65d-up 65-aroc ----------------------------------------------------------------------

                    

                       What Will Boost The DJI To New Highs.
                                       (From our San Diego Tiger User Group Meeting on Saturday.)

Charts 2/9/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/9/2018   Bullish MAXCPs    Bearish MINCPs

Table 1                     QUICKSILVER on ETFS - 02/09/18 Only 2 of these closed above their 5-dma pivot points: Dollar (UUP and Wheat) Only Wheat shows rising Closing Powers, but RETL, UUP, MSFT, NVDA, BA, GS and HD have closed above they 5-dma pivot-points. ETF CLOSE CHANGE PIVOT-PT 5dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 242.03 3.36 W243.27 -261.2% Bearish BLUE .015 0 --------------------------------------------------------------------------------------------- COMPQX 6874.49 97.33 W6967.53 -260.6% Bearish BLUE -.006 -.021 --------------------------------------------------------------------------------------------- SPY 261.5 3.87 W263.93 -261.5% Bearish BLUE -.013 -.021 --------------------------------------------------------------------------------------------- QQQ 156.1 2.65 W158.12 -266.4% Bearish BLUE -.041 -.019 --------------------------------------------------------------------------------------------- MDY 331.03 3.63 W335.52 -256.8% Bearish BLUE .017 -.049 --------------------------------------------------------------------------------------------- IWM 146.77 1.33 W147.92 -236.4% Bearish ---- -.016 -.055 --------------------------------------------------------------------------------------------- FAS 63 2.49 W65.03 -878.7% Bearish ---- .086 -.018 --------------------------------------------------------------------------------------------- RETL 34 .69 32.54 -318.6% Bearish BLUE .112 .087 --------------------------------------------------------------------------------------------- SOXL 133.44 11.14 W136.02 -836.1% Bearish BLUE -.038 -.205 --------------------------------------------------------------------------------------------- TECL 107.03 5.52 W109.47 -779.6% Bearish BLUE -.09 -.094 --------------------------------------------------------------------------------------------- IBB 105.67 .81 W107.18 -297.9% Bearish BLUE -.005 .003 --------------------------------------------------------------------------------------------- GLD 124.77 -.21 W126.71 -64.5% Bearish BLUE -.085 0 --------------------------------------------------------------------------------------------- OIL 6.43 -.15 W7.09 -617.8% Bearish RED -.045 .018 --------------------------------------------------------------------------------------------- OIH 23.84 -.36 W25.8 -582.1% Bearish RED -.145 -.023 --------------------------------------------------------------------------------------------- GASL 16.55 -.3 W20.26 -1423.3% Bearish RED -.211 -.245 --------------------------------------------------------------------------------------------- UGA 30.26 -.72 W32.56 -469.8% Bearish RED -.103 -.064 --------------------------------------------------------------------------------------------- UUP 23.62 .02 23.37 74.6% Bullish ---- .032 -.042 --------------------------------------------------------------------------------------------- IEF 102.22 -.18 W03.06 0% Bearish BLUE -.164 -.054 --------------------------------------------------------------------------------------------- XLU 48.56 1 W49.06 -135.8% Bearish BLUE -.181 -.154 --------------------------------------------------------------------------------------------- WEAT 6.27 -.1 6.19 15.9% Bullish RED .052 .024 rising --------------------------------------------------------------------------------------------- YINN 32.73 -.01 W42.13 -1571.5% Bearish BLUE -.009 -.105 --------------------------------------------------------------------------------------------- RSX 21.67 .14 W22.27 -293% Bearish ---- -.096 -.043 --------------------------------------------------------------------------------------------- AAPL 156.41 1.26 W156.49 -128.7% Bearish RED -.166 -.112 --------------------------------------------------------------------------------------------- GOOG 1037.78 36.26 W1055.8 -349.7% Bearish BLUE .057 -.025 --------------------------------------------------------------------------------------------- MSFT 88.18 3.17 88 -201.9% Bearish BLUE -.063 .023 bullish --------------------------------------------------------------------------------------------- AMZN 1339.6 -10.9 W1390 -321.3% Bearish RED .005 .107 --------------------------------------------------------------------------------------------- FB 176.11 4.53 W181.26 -389.9% Bearish BLUE -.041 -.05 --------------------------------------------------------------------------------------------- NVDA 232.08 14.56 213.7 -32.2% Bearish RED .04 .086 bullish --------------------------------------------------------------------------------------------- BA 332.83 3.17 328.88 -237% Bearish RED -.041 .226 bullish --------------------------------------------------------------------------------------------- GS 249.3 2.95 249.11 -211.2% ---- RED .163 .026 bullish --------------------------------------------------------------------------------------------- HD 184.12 2.9 183.11 -261.8% Bearish BLUE .065 .027 bullish --------------------------------------------------------------------------------------------- CAT 149.21 3.22 W151.08 -270.5% Bearish BLUE .007 .058

Table 2     Count of Stocks in Key Tiger Directories Date = 180209 -------------------------------------- NEWHIGHS 28 NEWLOWS 171   MAXCP 16 MINCP 381 TTTNH 36 TTTNL 806 FASTUP 73 FASTDOWN 485 CPCROSSA 60 CPCROSSD 34 BIGVOLUP 1 BIGVODN 45

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = Date = 2018.02.09 ------------------------------------------------ No. NHs Pct. ------------------------------------------------ HACKERS 25 2 8 % SOFTWARE 66 2 3 % INDEXES 194 3 2 % FINANCE 93 1 1 % ELECTRON 177 1 1 % BIOTECH 386 2 1 % =================================================== All the rest have none. Monday, we may have to switch to showing the percent of SECTORS at new 12-month lows.

Table 4   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/9/18 Bullish = 42 Bearish = 4 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL .833 1 1 1 1 1 HOSPITAL .75 .625 .75 .75 .75 .875 FOOD .533 .6 .533 .6 .466 .733 RETAIL .528 .396 .66 .622 .49 .698 N=4 ========================================================================================== HACKERS .48 .36 .4 .36 .36 .6 COMODITY .414 .5 .614 .685 .657 .771 SOFTWARE .409 .303 .469 .484 .439 .712 NASD-100 .38 .3 .48 .55 .44 .69 BIOTECH .378 .378 .487 .466 .419 .536 GAMING .357 .357 .571 .571 .607 .714 FINANCE .344 .268 .537 .537 .419 .774 JETS .333 .333 .333 .333 .333 .555 REGBANKS .333 .181 .393 .393 .333 .696 AUTO .325 .325 .375 .45 .35 .6 MILITARY .315 .368 .421 .473 .447 .736 NIFTY .3 .233 .4 .5 .4 .666 TRANSP .3 .3 .5 .45 .4 .75 INDEXES .288 .293 .505 .603 .402 .824 BIGBANKS .285 .285 .571 .571 .285 .857 SP500 .276 .222 .457 .482 .381 .645 DOWJONES .266 .2 .466 .466 .333 .733 RUS-1000 .253 .209 .42 .43 .354 .608 SP-100 .25 .229 .479 .541 .375 .77 CHINA .234 .171 .328 .578 .515 .64 MORNSTAR .231 .176 .47 .495 .365 .752 INFRA .228 .171 .485 .428 .371 .571 ETFS .223 .149 .402 .656 .507 .865 COMPUTER .217 .26 .26 .347 .304 .652 GOLD .215 .235 .274 .372 .431 .49 INDMATER .211 .2 .4 .433 .4 .566 BEVERAGE .2 .15 .3 .3 .35 .6 OILGAS .192 .207 .371 .464 .407 .514 INSURANC .187 .093 .281 .281 .281 .562 HOMEBLDG .176 .176 .294 .176 .117 .235 DJI-13 .153 .153 .538 .538 .307 .692 EDU .142 .142 .142 .142 .142 .142 PIPELINE .142 .142 .571 .571 .571 .571 GREEN .129 .193 .193 .161 .129 .483 ELECTRON .118 .107 .209 .254 .186 .389 SEMI .107 .1 .192 .238 .184 .33 COAL .1 .4 .3 .4 .4 .5 CHEM .095 .079 .253 .269 .174 .349 UTILITY .093 .069 .116 .093 .093 .162 REIT .033 .028 .033 .033 .028 .067 BONDFUND 0 .018 .018 .009 .018 .018 SOLAR 0 .047 .095 .095 .047 .142 N=42

==============================================================================
            2/8/2018       How do we explain today's 1000-point decline?  Strictly speaking, right
                                 after the DJI, SPY and the NASDAQ broke their 65-day moving averages,
                                 numerous computerized Sell programs were triggered.  All this was just too much
                                 highly leveraged selling on down-ticks for buyers to be found except when the
                                 DJI had fallen exactly 10% from its highs.  We closed at the key support.

                                 Now the Futures are bouncing up a bit.  But recent rallies have shown an over-whelming
                                 tendency to fail and all the leveraged tools to sell short on down-ticks are
                                 sure to be employed again when the rally peters out.  So be very careful.

                                 There's another explanation for the current sell-off.  Wall Street is a "cry-baby".
                                 (Read about the 1907 Crash, for example, and how JM Morgan and Rockefeller
                                 threatened President Theodore Roosevelt with a market panic and recession if
                                 he did not cease his plans to break up the biggest Steel and Banking trusts of the
                                 day.  Or read how President Kennedy's threats against US Steel started the 1962
                                 bear market even before the Cuban Missile Crisis). Wall Street is simply whining for
                                 more of the mother's milk of Federal Reserve subsidies.  Unfortunately, the Fed seems
                                 loathe now to oblige. It says it is committed to 3 rate hikes in 2018.

                                 So, hold onto your hats (and your cash), this elevator acts like an Express
                                 going down.  It's stopped at the 10% down level today, but the Street
                                 level is 20% down from the highs and below that is a very dark bear market-
                                 basement.   Exaggeration?  I hope so.  But the simple truth is that this extreme
                                 volatility now makes the market very risky to be long.  When the volatility
                                 returns to normal we can more safely go long again. 



                                                 The TigerSoft Volatility Index here simply shows the
                                                 daily percent change and plots a 10-dma. of it.
                                                 This much downside volatility usually occurs
                                                 at the start of a bear market or a much deeper
                                                 correction than we have seen so far.  More on this
                                                 Sunday.

                                                 I think that it's highly significant that the VIX-related hedging
                                                 may be taken away from traders next month.  These tools are suddenly
                                                 in too much demand and way too hot to safely handle.   Just
                                                 by themselves, they can make a 1000 stocks plunge 10% in two hours.
                                                 Perhaps, even more.  History shows that the NYSE, SEC and FED
                                                 are not willing to curb the use of leverage derivatives, because
                                                 Wall Street keeps insisting on them despite their dangers to the
                                                 whole system.  So, my advise is watch out BELOW if the
                                                 10%-down support gives way.                        
                                ( https://www.google.com/search?source=hp&ei=rXx9WoOOIMeP0gKEpr34CA&q=vix+volatility+etf+to+be+abolished&oq=vix+volatility+etf+to+be+abolished&gs_l=psy-ab.3...2904.30147.0.30461.46.34.5.7.7.0.109.2610.33j1.34.0....0...1c.1.64.psy-ab..0.43.2508...0j46j0i131k1j0i46k1j0i10k1j0i22i30k1j33i22i29i30k1j33i160k1j33i21k1.0.Ew5nLxBUbGc )

                                                               Why Should We Trust A Bounce?

                                 What happens if the DJI fails to hold here?  All this volatility is new and extremely
                                 dangerous.  The misgivings I reported about the Buy B19 seem justified. I would
                                 formally withdraw the recent Buy B19 (because of the 30:1 down-volume to
                                 up-volume ratio on the day before the signal.) and consider the Sell S9
                                 not yet reversed.

                                 True the DJI is down 10%.  But the Federal Reserve offers no reassurances
                                 of support if there is more weakness.  That is what Wall Street wants to hear.
                                 Without such FED guarantees of injections of new money into the market via the
                                 big Banks, there is way too much risk. This is a bull market going on nine years old. 
                                 People are rightly nervous.  It will not take much more price weakness  to cause
                                 another wave of selling, some of it by computers and some of it by investors
                                 who want to grab their profits while they still can.  Most of us have been schooled
                                 into thinking that it was the Fed more than anything else that gave us the long bull market. 
                                 Now they may be able to take it all away.  As a result, Wall Street now bears the
                                 burden on proof that its can be safely weaned away from Federal Reserve largesse
                                 without tantrum and a dangerous panic.  The evidence, so far this month, given how
                                 many ways there are to hedge with leveraged short  ETFs, is that Wall Street
                                 cannot easily abide the withdrawal of virtually free FED money. 

                                 So stay short lots of our Bearish MINCPs.  Limit your long exposure until the market
                                 calms down, to the best Bullish MAXCPs that still show a "bullish" rated Closing Power. 
                                 Above all, be very  wary of overnight trading traps and remember how sell-offs on
                                 Fridays very often spill-over dramatically to Mondays.

                                                                         Another Peerless Change

                                               Peerless will now have be revised so that no B19s (two day reversals) are
                                               allowed when the first day (the down day) has 30 times more
                                               down-volume on NYSE than up-volume and the DJI is still not down
                                               at least 5.5% from the 21-dma  When a B19 occurs with this much
                                               downside volume, we so not want to "chase" and deploy the B19
                                               when there is no "headroom". 

                                               The only case where there was this much downside selling on the first
                                               day of the B19 pair of days was in October 1997.  As you can see just
                                               below the the successful B19 there occurred at a lower level in relation
                                               to the 21-dma, there was less an increase in volatility than now and
                                               the DJI still had to fall to 13.5% below its peak.  If we take this case
                                               as a model, there should be more of a decline than just to the 10%
                                               "correction" level.  Accordingly,  the revised Peerless code will allows
                                               a very lop-sided first day down IF it occurs with the DJI closing on the
                                               second day below the 5% lower band.  (More information on this
                                               Sunday.)

                                                                  1997's B10 Worked but at a lower level
                                                                  and only when volatility calmed down.                                               
 

Charts 2/8/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/8/2018   Bullish MAXCPs    Bearish MINCPs

Table 1                                    QUICKSILVER on ETFS - 02/08/18 Only 2 of these closed above their 5-dma pivot points: Dollar (UUP and Wheat) Only 2 show rising Closing Powers: These are the leaders: Dollar (UUP and Wheat) ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 238.67 -10.09 254.93 -456.2% Bearish RED -.051 ----- --------------------------------------------------------------------------------------------- COMPQX 6777.16 -274.82 7240.95 -425.5% Bearish RED .037 -.027 --------------------------------------------------------------------------------------------- SPY 257.63 -10.04 275.45 -441% Bearish RED -.059 -.022 --------------------------------------------------------------------------------------------- QQQ 153.45 -6.76 164.61 -446.1% Bearish RED -.086 -.03 --------------------------------------------------------------------------------------------- MDY 327.4 -11.12 348.38 -409.8% Bearish RED -.057 -.043 --------------------------------------------------------------------------------------------- IWM 145.44 -4.4 153.83 -376.3% Bearish RED -.054 -.046 --------------------------------------------------------------------------------------------- FAS 60.51 -7.42 74.82 -1349.6% Bearish RED .052 -.004 --------------------------------------------------------------------------------------------- RETL 33.31 -3.33 36.22 -841.9% Bearish RED .105 .166 --------------------------------------------------------------------------------------------- SOXL 122.3 -17.72 157.03 -1625.1% Bearish RED -.091 -.271 --------------------------------------------------------------------------------------------- TECL 101.51 -12.53 124.76 -1469.6% Bearish RED -.147 -.131 --------------------------------------------------------------------------------------------- IBB 104.86 -4.55 112.14 -413% Bearish RED -.061 .001 --------------------------------------------------------------------------------------------- GLD 124.98 .19 126.39 -122.4% Bearish BLUE -.082 .005 --------------------------------------------------------------------------------------------- OIL 6.58 -.21 7.29 -589.2% Bearish RED -.025 .045 --------------------------------------------------------------------------------------------- OIH 24.2 -1.19 26.83 -722.2% Bearish RED -.158 .001 --------------------------------------------------------------------------------------------- GASL 16.85 -2.36 22.21 -1964.8% Bearish RED -.338 -.218 --------------------------------------------------------------------------------------------- UGA 30.98 -.36 33.27 -421.9% Bearish RED -.083 -.049 --------------------------------------------------------------------------------------------- UUP 23.6 0 23.27 100.6% Bullish BLUE .03 -.036 Bullish --------------------------------------------------------------------------------------------- IEF 102.4 .09 102.22 -9.8% Bearish BLUE -.113 -.05 Bullish --------------------------------------------------------------------------------------------- XLU 47.56 -.54 49.88 -272.8% Bearish RED -.239 -.165 --------------------------------------------------------------------------------------------- WEAT 6.37 -.07 6.25 47.7% Bullish ---- .207 .04 Bullish --------------------------------------------------------------------------------------------- YINN 32.74 -4.98 45.45 -1713.5% Bearish RED -.046 -.081 --------------------------------------------------------------------------------------------- RSX 21.53 -.61 22.98 -441.7% Bearish RED -.134 -.043 --------------------------------------------------------------------------------------------- AAPL 155.15 -4.39 160.5 -391.1% Bearish RED -.196 -.121 --------------------------------------------------------------------------------------------- GOOG 1001.52 -47.06 1111.9 -760.3% Bearish RED .009 -.062 --------------------------------------------------------------------------------------------- MSFT 85.01 -4.6 91.78 -508.3% Bearish RED -.125 .001 --------------------------------------------------------------------------------------------- AMZN 1350.5 -66.28 1429.95 -139.7% Bearish RED -.001 .117 --------------------------------------------------------------------------------------------- FB 171.58 -8.6 190.28 -578.2% Bearish RED -.081 -.075 --------------------------------------------------------------------------------------------- NVDA 217.52 -11.28 233.52 -503% ---- RED .041 .003 --------------------------------------------------------------------------------------------- BA 329.66 -18.46 348.91 -395.6% ---- RED -.057 .229 --------------------------------------------------------------------------------------------- GS 246.35 -10.75 260.04 -498.8% ---- RED .142 .035 --------------------------------------------------------------------------------------------- HD 181.22 -10.07 193.97 -486.8% Bearish RED -.004 .028 --------------------------------------------------------------------------------------------- CAT 145.99 -8.35 157.49 -519.8% Bearish RED -.031 .052

Table 2 Count of Stocks in Key Tiger Directories Date = 2018.02.08 -------------------------------------- NEWHIGHS              17 NEWLOWS            363   MAXCP                    12 MINCP                    596  Professionals are much more bearish than bullish. TTTNH                      30 TTTNL                     473  Day traders quickly switched to selling on weakness. FASTUP                    75 FASTDOWN         1000+  Dumping in abundant evidence. CPCROSSA             15 CPCROSSD           362  Professionals quickly switched to new selling. BIGVOLUP               7 BIGVODN              63   Dumping ratio is 9:1.  Urgent need felt to sell.

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = Date = 2018.02.08 No. NHs Pct. ------------------------------------------------ INDEXES 194 13 7 % FINANCE 93 1 1 % ------------------------------------------------ The other have none. Monday, we have to switch to showing the percent of SECTORS at new 12-month lows.

Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/8/18 Bullish = 3 Bearish = 42 Almost every group has most of its stocks below the resistance of its 65-dma. --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIG MILITARY 100% 1 1 1 1 1 HOSPITAL .625 .75 .75 .75 .875 1 FOOD .6 .533 .6 .466 .733 .8 =========================================================================================== COMODITY .5 .614 .685 .657 .771 .828 ============================================================================================ COAL .4 .3 .4 .4 .5 .6 RETAIL .396 .66 .622 .49 .698 .754 BIOTECH .378 .487 .466 .419 .541 .585 MILITARY .368 .421 .473 .447 .71 .763 HACKERS .36 .4 .36 .36 .6 .64 GAMING .357 .571 .571 .607 .714 .785 JETS .333 .333 .333 .333 .555 .777 AUTO .325 .375 .45 .35 .6 .75 SOFTWARE .303 .469 .484 .439 .696 .757 NASD-100 .3 .48 .55 .44 .69 .79 TRANSP .3 .5 .45 .4 .75 .8 INDEXES .293 .505 .603 .402 .824 .927 BIGBANKS .285 .571 .571 .285 .857 .857 FINANCE .268 .537 .537 .419 .774 .817 COMPUTER .26 .26 .347 .304 .652 .608 GOLD .235 .274 .372 .431 .47 .764 NIFTY .233 .4 .5 .4 .666 .766 SP-100 .229 .479 .541 .375 .77 .843 SP500 .222 .457 .482 .381 .645 .756 RUS-1000 .209 .42 .43 .354 .609 .721 OILGAS .207 .371 .464 .407 .514 .692 DOWJONES .2 .466 .466 .333 .733 .866 INDMATER .2 .4 .433 .4 .555 .677 GREEN .193 .193 .161 .129 .483 .548 REGBANKS .181 .393 .393 .333 .696 .787 HOMEBLDG .176 .294 .176 .117 .235 .352 MORNSTAR .176 .47 .495 .365 .756 .861 CHINA .171 .328 .578 .515 .656 .718 INFRA .171 .485 .428 .371 .571 .742 DJI-13 .153 .538 .538 .307 .692 .846 BEVERAGE .15 .3 .3 .35 .6 .8 ETFS .149 .402 .656 .507 .865 .925 EDU .142 .142 .142 .142 .142 .285 PIPELINE .142 .571 .571 .571 .571 .714 ELECTRON .112 .213 .258 .191 .382 .483 SEMI .1 .192 .238 .184 .323 .438 INSURANC .093 .281 .281 .281 .562 .625 CHEM .078 .25 .265 .171 .328 .546 UTILITY .069 .116 .093 .093 .162 .232 SOLAR .047 .095 .095 .047 .142 .238 REIT .028 .033 .033 .028 .073 .112 BONDFUND .018 .018 .009 .018 .018 .036 =============================================================================================

 

                                 

==============================================================================
==============================================================================
            2/7/2018       The DJI and NASDAQ held above their 65-dma today.  But we see
                                 in Table 1 nearly all the key ETFs and stocks we follow each night are still
                                 below their falling 5-day moving averages and pivot points AND show
                                 bearish Closing Power 21-day trends.  The Futures have just turned weak
                                 again. This is troublesome.

                                 If the 65-dma for the DJI and NASDAQ again can hold the DJI up, look for
                                 the operative B19 to bring a rebound led by the leading stocks listed just below.
                                 Their job will be to hold the market up.  A great deal is at stake for Wall Street
                                 and for the Administration.  But the rise in interest rates is ominous and the
                                 contagion of fear in the Utilities, REITs and Bond funds is spreading much more
                                 widely.  Stick with the short MINCPs, for sure.

                                 Make no mistake about it, the broader market has been hit hard. 
                                 There are 3x more sectors with the majority of their stocks below the resistance
                                 of their 65-dma than than sectors with most of their stocks holding above this
                                 key support.  This means that we should require more proof that the market has found
                                 reliable support.  And even if there is a rally, after a few days up, expect it to be
                                 narrow and soon bring another test of the rising 65-dma. 

                                 It is the job now of the leading stocks below to rise up to and then get past
                                 the resistance of the 5-day ma pivot points, as shown below.  Watch them.
                                 Understand that any strength they show may only be a costume to maintain
                                 the appearance that all is well with this 9 year old bull market

Market Leaders:
             2/6                     Warning           5-dma      Closing   Candle    IP21     ITRS
                                       below 5-dma   AROC      Power    Stick
FB        180.18   -5.13    W193.09       -179.1%    Bullish    RED   -.022     -.071
---------------------------------------------------------------------------------------------
NVDA     228.8    3.22      W240.5        -366.7%    Bullish   RED    .142     -.002
---------------------------------------------------------------------------------------------
BA        348.12    7.21    W356.94       -90.3%     Bullish   BLUE   .023      .253
---------------------------------------------------------------------------------------------
GS        257.1   -1.6      W272.23       -206.2%    Bullish   BLUE   .183      .033
---------------------------------------------------------------------------------------------
HD        191.29    .25     W199.9        -248%      Bullish   BLUE   .075      .054
-------------------------------------------------------------------------------------------
 
                                Bear Markets usually start only after there have been several sets of
                                Peerless Sells S9s.  A single S9 only sets the stage for a bigger decline
                                a few months later.  I've counted 22 first S9s in 8 months.  Only in
                                case, 7/1/1998, did the DJI fall more than 10%.  So, the odds are
                                very good that the DJI will not drop below its recent intra-day lows
                                before there are more new highs and subsequent Sell S9s.

                                                                    What To Do

                                I see no reason to cover any of the Bearish MINCP stocks, but now
                                would go long a few of the Bullish MAXCPs.  These have held up
                                and should show more strength if a rising DJI and NASDAQ can bolster
                                confidence.  At least, that is in the minds of the Professionals who pushed
                                up their Closing Powers to new highs.

Charts 2/7/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/7/2018   Bullish MAXCPs     Bearish MINCPs

Table 1                      QUICKSILVER on ETFS - 02/07/18 Only 3 of the 31 items below closed above their 5-dma pivot points. Only WEAT and the Dollar (UUP) are above their 5-dma Only 7 show rising Closing Powers: These are the leaders: FB, NVDA, BA, GS and HD Expect the pivot-points to be resistance levels, from which prices may fall back in order to re-test support. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 248.76 -.2 W261.62 -249.6% ---- BLUE .062 ---- --------------------------------------------------------------------------------------------- COMPQX 7051.98 -63.9 W7385.86 -248.8% ---- RED .09 -.033 --------------------------------------------------------------------------------------------- SPY 267.67 -1.46 W281.58 -259.3% Bearish RED .023 -.028 --------------------------------------------------------------------------------------------- QQQ 160.21 -2.1 W167.96 -279.4% ---- RED .003 -.031 --------------------------------------------------------------------------------------------- MDY 338.52 -.42 W355.54 -237.7% Bearish BLUE .028 -.056 --------------------------------------------------------------------------------------------- IWM 149.84 .15 W156.85 -213.2% Bearish BLUE 0 -.064 --------------------------------------------------------------------------------------------- FAS 67.93 -.06 W79.7 -741.8% ---- BLUE .115 .071 --------------------------------------------------------------------------------------------- RETL 36.64 1.17 W39.38 -553.4% ---- BLUE .138 .243 --------------------------------------------------------------------------------------------- SOXL 140.02 -9.98 W171.34 -1074.8% Bearish RED -.051 -.239 --------------------------------------------------------------------------------------------- TECL 114.04 -4.75 W137.02 -909.3% Bearish RED -.097 -.066 --------------------------------------------------------------------------------------------- IBB 109.41 .05 W113.98 -209.7% Bullish BLUE .03 -.006 --------------------------------------------------------------------------------------------- GLD 124.79 -.59 W128.07 -112.7% Bearish RED -.057 -.036 --------------------------------------------------------------------------------------------- OIL 6.79 -.26 W7.42 -311.7% ---- RED .04 .011 --------------------------------------------------------------------------------------------- OIH 25.39 -.8 W28.02 -385.3% Bearish RED -.092 -.009 --------------------------------------------------------------------------------------------- GASL 19.21 -1.68 W25.33 -1281.5% Bearish RED -.232 -.201 --------------------------------------------------------------------------------------------- UGA 31.34 -.7 W33.73 -345% ---- RED -.019 -.082 --------------------------------------------------------------------------------------------- UUP 23.6 .18 23.13 75.1% Bullish BLUE -.006 -.078 --------------------------------------------------------------------------------------------- IEF 102.31 -.3 W102.6 -48.2% Bearish RED -.217 -.094 --------------------------------------------------------------------------------------------- XLU 48.1 -.23 W50.24 -295.7% Bearish RED -.219 -.196 --------------------------------------------------------------------------------------------- WEAT 6.44 .17 6.31 95.7% Bullish BLUE .236 -.004 --------------------------------------------------------------------------------------------- YINN 37.72 -6.6 W47.63 -1315.8% ---- RED .006 -.033 --------------------------------------------------------------------------------------------- RSX 22.14 -.7 W23.54 -293.2% Bearish RED -.026 -.072 --------------------------------------------------------------------------------------------- AAPL 159.54 -3.49 W167.78 -242% Bearish RED -.14 -.145 --------------------------------------------------------------------------------------------- GOOG 1048.58 -32.02 W1167.7 -543.1% ---- RED .081 -.049 --------------------------------------------------------------------------------------------- MSFT 89.61 -1.72 W94.26 -293.2% Bearish RED -.066 .02 --------------------------------------------------------------------------------------------- AMZN 1416.78 -26.06 1390 -120% ---- RED .071 .138 --------------------------------------------------------------------------------------------- FB 180.18 -5.13 W193.09 -179.1% Bullish RED -.022 -.071 --------------------------------------------------------------------------------------------- NVDA 228.8 3.22 W240.5 -366.7% Bullish RED .142 -.002 --------------------------------------------------------------------------------------------- BA 348.12 7.21 W356.94 -90.3% Bullish BLUE .023 .253 --------------------------------------------------------------------------------------------- GS 257.1 -1.6 W272.23 -206.2% Bullish BLUE .183 .033 --------------------------------------------------------------------------------------------- HD 191.29 .25 W199.9 -248% Bullish BLUE .075 .054 --------------------------------------------------------------------------------------------- CAT 154.34 -2.07 W162.24 -267.1% Bearish RED .031 .067

Table 2 Count of Stocks in Key Tiger Directories Date = 180207 -------------------------------------- NEWHIGHS 34 NEWLOWS 150 MAXCP 65 MINCP 102 TTTNH 119 Very, very short-term buyers here. TTTNL 70 FASTUP 86 FASTDOWN 454 CPCROSSA 125 Professionals have turned bullish CPCROSSD 60 BIGVOLUP 4 BIGVODN 44 Big Money Dumping continues unabated.

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = Date = 180207 No. NHs Pct. ------------------------------------------------------------------- HOMEBLDG 17 1 6 % HACKERS 25 1 4 % FINANCE 93 2 2 % SOFTWARE 66 1 2 % BIOTECH 386 6 2 % RETAIL 53 1 2 % INDEXES 194 2 1 % ELECTRON 178 1 1 % ------------------------------------------------ The others have none.

Table 4   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/7/18 There are 3x more sectors with the majority of their stocks below than their 65-dma than the 11 sectors where the majority are above their 65-dma. Bullish = 11 Bearish = 34 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 1 1 1 1 1 HOSPITAL .75 .75 .75 .875 1 1 RETAIL .66 .622 .49 .698 .754 .792 COMODITY .614 .685 .657 .771 .828 .785 BIGBANKS .571 .571 .285 .857 .857 .857 GAMING .571 .571 .607 .714 .785 .785 PIPELINE .571 .571 .571 .571 .714 .714 DJI-13 .538 .538 .307 .692 .846 .769 FINANCE .537 .537 .419 .774 .817 .806 FOOD .533 .6 .466 .733 .8 .6 INDEXES .505 .603 .402 .824 .927 .927 N = 11 ============================================================================================= TRANSP .5 .45 .4 .75 .8 .85 ============================================================================================= BIOTECH .487 .466 .419 .541 .582 .585 INFRA .485 .428 .371 .571 .742 .771 NASD-100 .48 .55 .44 .69 .79 .83 SP-100 .479 .541 .375 .77 .843 .864 MORNSTAR .47 .495 .365 .756 .861 .869 SOFTWARE .469 .484 .439 .696 .757 .757 DOWJONES .466 .466 .333 .733 .866 .833 SP500 .457 .482 .381 .645 .75 .779 MILITARY .421 .473 .447 .71 .763 .763 RUS-1000 .42 .43 .354 .609 .719 .735 ETFS .402 .656 .507 .865 .925 .94 HACKERS .4 .36 .36 .6 .64 .6 INDMATER .4 .433 .4 .555 .677 .722 NIFTY .4 .5 .4 .666 .766 .766 REGBANKS .393 .393 .333 .696 .787 .696 AUTO .375 .45 .35 .6 .75 .775 OILGAS .375 .468 .404 .51 .695 .695 JETS .333 .333 .333 .555 .777 .666 CHINA .328 .578 .515 .656 .718 .765 BEVERAGE .3 .3 .35 .6 .75 .75 COAL .3 .4 .4 .5 .6 .7 HOMEBLDG .294 .176 .117 .235 .352 .352 INSURANC .281 .281 .281 .562 .625 .625 GOLD .274 .372 .431 .47 .764 .764 COMPUTER .26 .347 .304 .652 .608 .608 CHEM .25 .265 .171 .328 .546 .593 ELECTRON .213 .258 .191 .382 .483 .455 GREEN .193 .161 .129 .483 .548 .516 SEMI .192 .238 .184 .323 .438 .43 EDU .142 .142 .142 .142 .285 .285 UTILITY .116 .093 .093 .162 .232 .279 SOLAR .095 .095 .047 .142 .238 .238 REIT .033 .033 .028 .073 .112 .162 BONDFUND .018 .009 .018 .018 .036 .027 N = 34

==============================================================================

           2/6/2018        Crazy Computerized Trading! I'd blame them but that's what we are using, too,
                                 though I hope with some added human judgment, experience and perspective.

                                 But there's more to this decline than program trading.  See how the Utilities are
                                 falling and short-term rates made a new recovery high today.  Most of the major
                                 ETFs and market leading stocks still show falling 5-day moving averages.  Now 3/4
                                 of the 46 sectors shown in Table 4 have more stocks below than above the
                                 broken support of their 65-dma.  For all 6000 stocks and ETFs we follow
                                 only 37% are above that key support.  This means momentum is still down
                                 and there will be considerable resistance overhead if he the market does rally.
                                 I suspect the market is waiting to hear from Powell.  I'm not sure it will like
                                 what it hears then.  Interestingly, the NY Times is now taking up this theme
                                 of the importance of tighter money. See its lead article tonight.                                

The Era of Easy Money Is Ending, and the World Is Bracing for Shocks

By PETER S. GOODMAN

                                                   Today Peerless did give a reversing Buy B19.

                                              The B19 was based on a very good day following a very bad day.
                                              Most likely the B19 establishes a trading range market bounded
                                              by 24000 and 27000.  Tomorrow watch to see if the DJI can
                                              close above 24693, where its rising 65-dma is.  A closing down
                                              more than 220 would rupture the 65-dma and that
                                              could easily set up another decline to 24000.   Interestingly,
                                              the DJI tonight did drop 220 points but has recovered from
                                              the support at its 65-dma. 

                                                              Peerless DJI Chart

                                   



                                                     The NASDAQ and QQQ bullishly rose
                                                     above their 65-dma.  They show rising Closing
                                                     Powers and lots of blue Accumulation (big money
                                                     buying on weakness).  They can be bought if they
                                                     stay above their 65-dma.  Use a Sell stop below
                                                     Monday's low.




                                
                            
                                           How Much Should We Trust the New Peerless B19?

                                 Peerless gave a reversing Buy B19 today as the DJI swung back up and gained 567.
                                 Despite this a successful test of Monday's low should be the best place to buy
                                 the major market ETFs.  Table A below shows the median gain for a B19 after an S9
                                 is only +2.75% on the DJI and the median paper loss is 1.95%.  B19s are much
                                 less powerful when they seek to reverse a S9 than when they reverse other signals
                                 or reinforce an existing Peerless Buy signal. See the most recent study of all B19s.
                                
                                 Did we we have a true reversal today?  It was only enough to meet the Buy B19's
                                 minimal requirements, I would say.  That means a successful retest of yesterday's
                                 closing of 24345.75 would be more constructive and likely prove a safer place to buy.

                                 All of today's came in the last two hours. Programmed buys kicked in when the
                                 DJI and NASDAQ rose back above their rising 65-dma.  The 500+ point rebound
                                 was impressive, but we need to put it in perspective.  From Friday high to Monday's
                                 intra-day low, the DJI plunged 2000 points.   Secondly, Up Volume on the NYSE
                                 was 4x down volume today.  That looks good until, you look back and see that
                                 the Down Volume Monday was 30x greater than Up Volume.  Thirdly, Breadth
                                 was not nearly so good today as it was bad Monday. Today the ratio of NYSE
                                 advances to declines was 2183/850 ( 2.57) pales to Monday's ratio of declines to
                                 advances (2739/324 or 8.45).

                                 So, though last last two day's numbers satisfied the minimal Peerless requirements
                                 for a Buy B19 two-day reversal-up, we should, I think be waiting for another
                                 successful test of Monday's closing before acting on the Buy B19 in any significant
                                 way. This conclusion is supported not on the more modest sized average B19
                                 gains when it reversed a Sell S9.

                                 Tables 1-4 below and the chart for all 6000 stocks adds to the caution.
                                    

                        Reversing B19s: 1929-2018
                   Blue shows the B19 reversed a Sell S9

 Date                    DJI       Gain       Maximum Paper Loss

19290314      S9         316.3     .041        319.7    -.0107   3/15
19290327      B19        303.2     .029        299.1    -.0135   4/9
----------------------------------------------------------------------
19300417      S9         294.1     .169        perfect 0 
19300506      B19        268.8     .023        none 0 
-----------------------------------------------------------------------
19460110      S9        199.2      .085        206.6    -.0371    2/5
19460218      S6        201.6      .03         none 0 
19460221      B19       195.6      .086        186.0    -.049    2/26
----------------------------------------------------------------------- 
19560404      S5        518.7      .079        521.1    -.0046    4/6
19560409      S2        518.5      .079        none 0 
19560529      B19       477.7      .091        475.3    -.005    6/8
-----------------------------------------------------------------------
19650513      S7        938.9      .075        939.6   -.0007     5/14
19650630      B19       868.04     .135        none 0 
-----------------------------------------------------------------------
19870406      S9       2405.54     .051        perfect 0 
19870415      B19      2282.95     .026        2230.54 -.0229        4/27
-----------------------------------------------------------------------
19940203      S4       3967.66     .074        none 0 
19940405      B19      3675.41     .016        3598.71 -.0208        4/20
-----------------------------------------------------------------------
19970929      S12       7991.43     .062       8178.31 -.0233      10/7
19971028      B19       7598.32     .225       7381.67 -.0285      10/30
-----------------------------------------------------------------------
20020719      S13      8019.26     -.021       none 0 
20020724      B19      8191.29      .064       none 0 
-----------------------------------------------------------------------
20040220      S19      10619.03     .036       10678.1 -.0055      3/1
20040312      B19      10240.08     .031       10048.2 -.0187      3/24
-----------------------------------------------------------------------
20050308      S4       10912.47     .064       none 0 
20050421      B19      10218.6      .133       10070.3 -.0145      4/28
-----------------------------------------------------------------------
20080102      S14      13043.96     .059       none 0 
20080123      B19      12270.17     .023       11740.1 -.0431     3/10
-----------------------------------------------------------------------
20090106      S12      9015.1       .087       none 0 
20090121      B19      8228.1      -.01        8077.56 -.0182     1/23
-----------------------------------------------------------------------
20120321      S1       13124.62     .024       13264.4 -.0106     4/2
20120411      B19      12805.39     .037       none 0 
-----------------------------------------------------------------------
20130604      S19      15177.54     .027       15318.2 -.0092     6/18
20130625      B19      14760.31     .047       none 0 
-----------------------------------------------------------------------
20130715      S5       15484.26     .034       15658.3 -.0112     8/2
20130822      B19      14963.74     .015       14776.1 -.0125     8/27
=======================================================================
All Cases:    Avg Gain = 6.01%  Median Gain = 3.4%
              Avg Paper Loss = 1.54%  Median Paper Loss = 1.4%
B19s after S9:
              Avg Gain = 4.1%  Median Gain = 2.75%
              Avg Paper Loss = 2.3%  Median Paper Loss = 1.9%

Charts 2/6/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/6/2018   Bullish MAXCPs     Bearish MINCPs

Table 1                                     QUICKSILVER on ETFS - 02/06/18 Only UUP (Dollar is above its 5-dma pivot-point. Only UUP, BA and AMZN show a rising 5-dma. 13 rising Closing Powers and 12 falling Closing Powers ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 248.96 5.69 W261.44 -227.4% ---- BLUE .115 ------ --------------------------------------------------------------------------------------------- COMPQX 7115.88 148.35 W7411.48 -196.8% Bullish BLUE .261 -.022 --------------------------------------------------------------------------------------------- SPY 269.13 5.2 W281.9 -228% Bearish BLUE .102 -.023 --------------------------------------------------------------------------------------------- QQQ 162.31 4.19 W169.4 -192.8% Bullish BLUE .122 -.016 --------------------------------------------------------------------------------------------- MDY 338.94 3.42 W355 -239.4% Bearish BLUE .09 -.056 --------------------------------------------------------------------------------------------- IWM 149.69 1.77 W156.36 -242.5% Bearish BLUE .017 -.067 --------------------------------------------------------------------------------------------- FAS 67.99 2.96 W78.8 -645.5% ---- BLUE .166 .072 --------------------------------------------------------------------------------------------- RETL 35.47 2.93 W40.72 -840.1% ---- BLUE .172 .187 --------------------------------------------------------------------------------------------- SOXL 150 13.98 W173.91 -605.3% ---- BLUE .02 -.16 --------------------------------------------------------------------------------------------- TECL 118.79 9.32 W136.84 -578.1% Bearish BLUE -.024 -.011 --------------------------------------------------------------------------------------------- IBB 109.36 2.18 W114.08 -306.5% ---- BLUE .029 -.009 --------------------------------------------------------------------------------------------- GLD 125.38 -1.33 W127.65 -55.9% Bearish RED -.023 -.036 --------------------------------------------------------------------------------------------- OIL 7.05 -.04 W7.24 -82.9% Bullish ---- .092 .073 --------------------------------------------------------------------------------------------- OIH 26.19 .39 W27.46 -278% Bearish BLUE .049 .02 --------------------------------------------------------------------------------------------- GASL 20.89 .63 W25.04 -969.8% Bearish BLUE -.146 -.127 --------------------------------------------------------------------------------------------- UGA 32.04 -.52 W33.62 -156.4% Bullish RED .051 -.048 --------------------------------------------------------------------------------------------- UUP 23.42 .05 23.25 30.1% Bearish RED -.052 -.092 --------------------------------------------------------------------------------------------- IEF 102.61 -.45 W103.3 -32.1% Bearish RED -.193 -.094 --------------------------------------------------------------------------------------------- XLU 48.33 -.73 W51.04 -214.4% Bearish RED -.143 -.192 --------------------------------------------------------------------------------------------- WEAT 6.27 .08 W6.32 -119.1% Bullish BLUE .173 -.047 --------------------------------------------------------------------------------------------- YINN 44.32 2.19 W49.79 -395.9% ---- BLUE .089 .114 --------------------------------------------------------------------------------------------- RSX 22.84 .57 W23.49 -90.9% ---- BLUE .06 -.044 --------------------------------------------------------------------------------------------- AAPL 163.03 6.54 W167.43 -120.2% Bearish BLUE -.109 -.127 --------------------------------------------------------------------------------------------- GOOG 1080.6 24.8 W1169.94 -366.4% Bullish BLUE .148 -.016 --------------------------------------------------------------------------------------------- MSFT 91.33 3.33 W95.01 -76.3% Bullish BLUE -.015 .04 --------------------------------------------------------------------------------------------- AMZN 1442.84 52.84 W1450.89 17.7% Bullish BLUE .139 .189 --------------------------------------------------------------------------------------------- FB 185.31 4.05 W186.89 -48.2% Bullish BLUE .036 -.034 --------------------------------------------------------------------------------------------- NVDA 225.58 11.88 W245.8 -364.3% Bullish BLUE .178 -.009 --------------------------------------------------------------------------------------------- BA 340.91 12.03 W354.37 46.3% Bullish BLUE .033 .227 --------------------------------------------------------------------------------------------- GS 258.7 9.59 W267.89 -194.2% Bullish BLUE .181 .036 --------------------------------------------------------------------------------------------- HD 191.04 7.93 W200.9 -274.8% Bullish BLUE .077 .052 --------------------------------------------------------------------------------------------- CAT 156.41 5.33 W162.78 -230.5% Bearish BLUE .107 .075

Table 2 Count of Stocks in Key Tiger Directories Date = 180206 -------------------------------------- NEWHIGHS       20 NEWLOWS        156   Dangerously high when this close to a DJI high.   MAXCP 66 MINCP 73 Pros are still more bearish than bullish. TTTNH 95 TTTNL 138 Pros are shorting openings, still FASTUP 66 FASTDOWN 466 More downside trader plays. CPCROSSA 479 CPCROSSD 31 BIGVOLUP 5 BIGVODN 58 Dumping continues.

Table 3  - Quite dismal! Count of Stocks and New Highs in Key Tiger Directories Date = 180206 No. NHs Pct. ------------------------------------------------------------------- HACKERS 25 1 4 % MILITARY 38 1 3 % SOFTWARE 66 1 2 % BIOTECH 386 7 2 % FINANCE 93 1 1 % INDEXES 194 2 1 % All others no highs

Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/6/18 Bullish = 15 Bearish = 30 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 1 1 1 1 1 HOSPITAL .75 .75 .875 1 1 1 COMODITY .685 .657 .771 .828 .785 .8 ETFS .656 .507 .865 .925 .94 .94 RETAIL .622 .49 .698 .754 .792 .83 INDEXES .603 .402 .824 .927 .927 .932 FOOD .6 .466 .733 .8 .6 .6 CHINA .578 .515 .656 .718 .765 .734 BIGBANKS .571 .285 .857 .857 .857 .857 GAMING .571 .607 .714 .785 .785 .785 PIPELINE .571 .571 .571 .714 .714 .714 NASD-100 .55 .44 .69 .79 .83 .82 SP-100 .541 .375 .77 .843 .864 .885 DJI-13 .538 .307 .692 .846 .769 .923 FINANCE .537 .419 .774 .817 .806 .817 N=15 =========================================================================================== NIFTY-30 .5 .4 .666 .766 .766 .733 =========================================================================================== MORNSTAR .495 .365 .756 .861 .869 .873 SOFTWARE .484 .439 .696 .757 .757 .727 SP500 .482 .381 .645 .75 .777 .787 MILITARY .473 .447 .71 .763 .763 .815 OILGAS .468 .404 .51 .695 .695 .702 BIOTECH .466 .419 .541 .582 .582 .637 DOWJONES .466 .333 .733 .866 .833 .9 AUTO .45 .35 .6 .75 .775 .875 TRANSP .45 .4 .75 .8 .85 .85 INDMATER .433 .4 .555 .677 .722 .766 RUS-1000 .43 .354 .609 .719 .734 .747 INFRA .428 .371 .571 .742 .771 .857 COAL .4 .4 .5 .6 .7 .7 REGBANKS .393 .333 .696 .787 .696 .727 GOLD .372 .431 .47 .764 .764 .725 HACKERS .36 .36 .6 .64 .6 .6 COMPUTER .347 .304 .652 .608 .608 .652 JETS .333 .333 .555 .777 .666 .777 BEVERAGE .3 .35 .6 .75 .75 .8 INSURANC .281 .281 .562 .625 .625 .625 CHEM .265 .171 .328 .546 .593 .578 ELECTRON .258 .191 .382 .483 .455 .483 SEMI .238 .184 .323 .438 .43 .438 HOMEBLDG .176 .117 .235 .352 .352 .411 GREEN .161 .129 .483 .548 .516 .516 EDU .142 .142 .142 .285 .285 .285 SOLAR .095 .047 .142 .238 .238 .238 UTILITY .093 .093 .162 .232 .279 .255 REIT .033 .028 .073 .112 .162 .123 BONDFUND .009 .018 .018 .036 .027 .018 N=30

 

	==============================================================================

           2/5/2018        Peerless remains on a Sell S9.  

          This S9 variant in on-going bull markets  typically brings a DJI significantly below the 
                    lower band.  This means there could  be much more weakness.   Of course, we do have an 
                    oversold market.  So a  rebound could occur.  But don't trust it is my advise.  Each  short-term rally 
                    has  been sold into and smothered by heavy, impatient selling.  Early  over-night strength                                  
	    cannot be trusted.  The speed of this decline on not very heavy volume, so far, suggests
	    to me the path of least resistance is still down.  With the DJI's 65-dma penetrated,                                   
	    it seems likely today's low at 24000 will soon be re-tested and if that does not hold,                                  
	    a decline to 23000 may then be in the cards, and in short order.  Below that, who knows?
                        Under 21,000 will be in bear market territory.


                                 I believe the primary reason the market is falling so fast is because the FED is
                          indicating through the mouths of Yellen and Jamie Dimon that it will not step in                                  
                         to support stock prices until it has fallen 15%-20%.


	



                                 
	When the DJI dropped below 25000 today, it fell below the 3.5%  lower 
	band. The more important support that I had suggested was the rising 
        65-dma, at approximately 24500.  But the high velocity of today's 
        sell-off led to its clear penetration  at the close and that has 
        prevented Peerless from getting a reversing Buy signal there.  So, 
        for now we have to wait and hold our bearish MINCP short positions.  
        Trading ETFs is much trickier.  I would suggest being patient here 
         unless you trade in the Futures market at night.
                                 
	At one point today the DJI was down as much as 1600 points intra-day.
	If you add to that the 660 points it fell on Friday, we can say that the 
        DJI had	has now had a 9% correction in just two days.  That is similar 
        to what happened in October 1989.  This case proves that itis possible 
        for the DJI to quickly recover after a Sell S9.  But see below how 
        the DJI's one-day plunge back then did not even reach its rising 65-dma.  
        (This was a decline that was also triggered by crazy computerized Sell 
        programs plus the failure of a big merger.)  


                                 
	It's my judgment that too much technical damage has been done in our case.                                  
	Look at the "sea of red" key values in Table 1, at how lopsided the number                                 
	of negative stocks were today compared to the number of positive stocks 
	(Table 2)                               
	and then see in Table 4 that there are now only 7 industry groups with the 
	majority of their stocks still above the support of the 65-dma. 


	


                                  

                                 Wanted: Aggressive and Nimble Day Traders 
	Who Like Gambling 


                                 
	If you are a short-term trader, no doubt you will now be tempted to buy QQQ or the

                                 
	NASDAQ futures as they have only retreated to their rising 65-dma and their

                                 
	Accumulation Index readings are positive.  That's fine buy only if you 
	place a sell stop

                                 
	just below today's close.  This is a risky venture without a Peerless 
	Buy signal. 


	


	
	


                                         

As in October 1987, it appears that Computerized trading caused today's
1600 point sell-off.  But we can't know that for sure.  So more caution
and patience are needed I would say, especially since the FED is showing that
they are in rate-rising mode and not presently willing to come to the rescue 
of Wall Street.  They still wince at all the criticism they got for this back 
in 2008 and 2009.  

There was no particular news to account for today's 1600 point drop. 
Irrational public selling was not the reason. The Public is still bullish.
Rather the speed of the decline almost certainly owed to crazy computerized 
hedging using all the clever new leveraged short ETFs, puts and Futures now
available.  These programs kicked in when support levels, round numbers 
and key moving averages were penetrated.  For now, they may have done their
damage. But we just can't be sure there will not be another even bigger selling
wave.  Stay short and avoid the long side remains my advise.    

                         

 

The last two days' decline is quite reminiscent of what happened on the
Friday and Monday in October 1987 Crash.  (The major difference between 
then and now, however, was the the market's bottom then was down a whopping 
34% in just 3 weeks. So, this parallel may not hold.)

  
After the Crash in 1987, on the following Tuesday, the DJI jumped up at the 
Opening but could not make any additional headway and a re-test of the lows 
soon followed. That was a much better place to buy.  I like the idea of 
buying on a successful re-testing of the lows here, too.  See in the chart 
below how how the DJI needed to	retest its 65-dma before its was able to make 
a recovery in late September 1987 back up to the upper band.

        Don't Expect The Fed To Save The Market  
                              

The DJI closed today only down a little more than 8% below its recent peak.
If this as far down as the DJI will go in February, it would be a very minimal
correction.  Without Fed intervention or the public assurances of such intervention,
the odds favor a deeper decline.  What saved Wall Street in October 1987 after
its love affair with computerized leveraged hedging almost plunged the market 
into an abyss of chaos, was Fed Chairman Greenspan's willingness to supply                
unlimited funds to market  makers to stabilize the market. It is not yet clear 
that Fed Chairman Powell is willing to do this.  Janet Yellen told us as she 
left office, to paraphrase, "Yes, evaluations are excessive, but the Economy 
is very strong" and she did not foresee any need for a bailout of  Wall	Street 
in the event of a correction.  Until Powell tells us otherwise, I would assume
his Fed will not intervene for now. 

Charts 2/5/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/5/2018   Bullish MAXCPs     Bearish MINCPs

Table 1                      QUICKSILVER on ETFS - 02/05/18                      We have a sea of red here.  Extreme caution advised. ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 243.27 -11.66 W260.62 -400.9% Bearish RED -.002 ---- --------------------------------------------------------------------------------------------- COMPQX 6967.53 -273.42 W7402.48 -338% Bearish RED .246 -.017 --------------------------------------------------------------------------------------------- SPY 263.93 -11.52 W281.76 -369.1% Bearish RED .005 -.017 --------------------------------------------------------------------------------------------- QQQ 158.12 -6.49 W168.7 -356.2% Bearish RED .026 -.015 --------------------------------------------------------------------------------------------- MDY 335.52 -12.86 W355.7 -336.9% Bearish RED -.11 -.041 --------------------------------------------------------------------------------------------- IWM 147.92 -5.91 W157.18 -344.2% Bearish RED -.067 -.053 --------------------------------------------------------------------------------------------- FAS 65.03 -9.79 W77.7 -963.9% Bearish RED .113 .037 --------------------------------------------------------------------------------------------- RETL 32.54 -3.68 W41.88 -1515.6% Bearish RED .151 .122 --------------------------------------------------------------------------------------------- SOXL 136.02 -21.01 W169.56 -1306% Bearish RED -.061 -.233 --------------------------------------------------------------------------------------------- TECL 109.47 -15.29 W133.63 -1047% Bearish RED -.122 -.071 --------------------------------------------------------------------------------------------- IBB 107.18 -4.96 W116.27 -492.2% Bearish RED -.084 .003 --------------------------------------------------------------------------------------------- GLD 126.71 .32 W126.8 -25.1% ---- RED .058 .011 --------------------------------------------------------------------------------------------- OIL 7.09 -.2 W7.17 -171.4% Bullish RED .129 .134 --------------------------------------------------------------------------------------------- OIH 25.8 -1.03 W27.7 -414.6% Bearish RED .027 .042 --------------------------------------------------------------------------------------------- GASL 20.26 -1.95 W25.48 -1555.4% Bearish RED -.229 -.095 --------------------------------------------------------------------------------------------- UGA 32.56 -.71 W33.08 -199.9% Bullish RED .099 -.006 --------------------------------------------------------------------------------------------- UUP 23.37 .1 23.28 10.8% Bearish ---- -.039 -.075 --------------------------------------------------------------------------------------------- IEF 103.06 .84 W103.27 -21.8% ---- BLUE -.139 -.06 --------------------------------------------------------------------------------------------- XLU 49.06 -.82 W50.48 -131.9% Bearish RED -.188 -.153 --------------------------------------------------------------------------------------------- WEAT 6.19 -.06 W6.42 -71.2% Bullish ---- .115 -.034 --------------------------------------------------------------------------------------------- YINN 42.13 -3.32 W48.01 -864.9% Bearish RED .054 .09 --------------------------------------------------------------------------------------------- RSX 22.27 -.71 W23.26 -227.3% Bearish RED -.004 -.027 --------------------------------------------------------------------------------------------- AAPL 156.49 -4.01 W166.97 -345.2% Bearish RED -.17 -.128 --------------------------------------------------------------------------------------------- GOOG 1055.8 -56.1 W1163.69 -517.3% ---- RED .088 -.011 --------------------------------------------------------------------------------------------- MSFT 88 -3.78 W92.74 -316.4% Bearish RED -.097 .019 --------------------------------------------------------------------------------------------- AMZN 1390 -39.95 W1437.82 -97.1% ---- RED .088 .188 --------------------------------------------------------------------------------------------- FB 181.26 -9.02 W187.12 -125.1% Bullish RED .001 -.035 --------------------------------------------------------------------------------------------- NVDA 213.7 -19.82 W242.72 -685.3% ---- RED .117 -.043 --------------------------------------------------------------------------------------------- BA 328.88 -20.03 W337.71 -171.7% ---- RED -.003 .2 --------------------------------------------------------------------------------------------- GS 249.11 -10.93 W268.94 -435.5% Bearish RED .113 .015 --------------------------------------------------------------------------------------------- HD 183.11 -10.86 W201.81 -544.4% Bearish RED .019 .027 --------------------------------------------------------------------------------------------- CAT 151.08 -6.41 W163.76 -355.4% Bearish RED .046 .066

Table 2 Count of Stocks in Key Tiger Directories                 Date = 2018.02.05 -------------------------------------- NEWHIGHS 12 NEWLOWS 657 MAXCP 12 MINCP 833 TTTNH 39 TTTNL 911 FASTUP 74 FASTDOWN 938 CPCROSSA 19 CPCROSSD 226 BIGVOLUP 7 BIGVODN 136

Table 3

Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/5/18 Bullish = 7 Bearish = 39 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 1 1 1 1 1 HOSPITAL .75 .875 1 1 1 .875 COMODITY .657 .771 .828 .785 .8 .8 GAMING .607 .714 .785 .785 .785 .785 PIPELINE .571 .571 .714 .714 .714 .714 CHINA .515 .656 .718 .765 .75 .75 ETFS .507 .865 .925 .94 .94 .97 N=7 ============================================================================================ RETAIL .49 .698 .754 .792 .83 .867 FOOD .466 .733 .8 .6 .6 .666 MILITARY .447 .71 .763 .763 .815 .789 NASD-100 .44 .69 .79 .83 .82 .85 SOFTWARE .439 .696 .757 .757 .727 .787 GOLD .431 .47 .764 .764 .725 .725 BIOTECH .419 .541 .582 .582 .632 .691 FINANCE .419 .774 .817 .806 .817 .827 OILGAS .404 .51 .695 .695 .702 .773 INDEXES .402 .824 .927 .927 .932 .938 COAL .4 .5 .6 .7 .7 .8 INDMATER .4 .555 .677 .722 .766 .788 NIFTY .4 .666 .766 .766 .733 .8 TRANSP .4 .75 .8 .85 .85 .8 SP500 .381 .645 .75 .777 .787 .814 SP-100 .375 .77 .843 .864 .885 .906 INFRA .371 .571 .742 .771 .857 .885 MORNSTAR .365 .756 .861 .869 .873 .894 HACKERS .36 .6 .64 .6 .6 .68 RUS-1000 .354 .609 .719 .734 .75 .776 AUTO .35 .6 .75 .775 .875 .9 BEVERAGE .35 .6 .75 .75 .8 .8 DOWJONES .333 .733 .866 .833 .9 .9 JETS .333 .555 .777 .666 .777 .666 REGBANKS .333 .696 .787 .696 .727 .757 DJI-13 .307 .692 .846 .769 .923 .923 COMPUTER .304 .652 .608 .608 .652 .739 BIGBANKS .285 .857 .857 .857 .857 1 INSURANC .281 .562 .625 .625 .625 .625 ELECTRON .191 .382 .483 .455 .488 .539 SEMI .184 .323 .438 .43 .446 .5 CHEM .171 .328 .546 .593 .578 .64 EDU .142 .142 .285 .285 .285 .285 GREEN .129 .483 .548 .516 .516 .58 HOMEBLDG .117 .235 .352 .352 .411 .47 UTILITY .093 .162 .232 .279 .255 .232 SOLAR .047 .142 .238 .238 .238 .38 REIT .028 .073 .112 .162 .123 .129 BONDFUND .018 .018 .036 .027 .018 .036 N=39

==============================================================================
           2/2/2018        Peerless is now on a Sell S9.  In on-going bull markets, the original 2007
           bull market Sell S9 variant dropped the DJI below the lower band in 7 of 11 past cases when it
           would have been applied in January and February.  With the DJI not having had a bear market's
           18% or more DJI decline since March of 2009, lots of investors are now worried that
           a 8.5%-14% correction, at least, is now under way.  Certainly, I would expect Friday's very
           steady deep decline to spill over to Monday and beyond.

           I have added this Sell S9 variation to the regular Peerless.  It will be available to Elite Subscribers
           on Monday.  Here is its track record and its coded requirements. 
 
           I suspect the DJI will not rebound much until it reaches its rising 65-dma, about 800 points
           below Friday's close.   A successful double-test of the rising 65-dma did take place in September
           1987, whereon the DJI rallied to its upper band with all negative internals.  This is what generated
           the October 1987 S9.  The DJI then utterly collapsed after the newly appointed Fed Chairman, Alan
           Greenspan, went ahead with a rate hike to defend the Dollar. 



          

           A comparison of the DJI's recent top now with the one in August 1987 seems appropriate. 
           Then like now, there had been a long bull market and a correction was also long over-due.  Then
           like now, the Dollar had turned quite weak and this invited the FED to raise interest rates.  Then,
           too, we had a new Federal Reserve Chairman.  He got his baptism in fire when the stock market
           cried like a baby for a hand-out after falling 37% in just two months. 

                                       1987 Support at Rising 65-dma



           True, our internals are not so negative as in 1987, but certainly the political situation now is much more
           divided and dangerous for investors, I would judge.  Republicans in 2018 will need to prevent a deep
           decline if they wish NOT to lose many Congressional seats in the Fall Election.  As of a week ago,
           their polls seemed to be rising as the stock market's gains were lifting 401K retirement accounts.  But a
           serious decline now would change this.  The problem now is it's not clear how they can go about the
           fiscal pumping up of the market any more.  Of course, the FED could provide lot of new liquidity, but
           Trump campaigned against this.  Even quickly passing a big Infrastructure spending bill may not do
           the job if the bond market tanks as a result of Debt and Inflation concerns.   Far-sighted investors
           have no choice but to be quite cautious now.  So should we.

           Conclusion:  Stay clear of the major market ETFs unless you are already short them. 
           If you have not already, Sell any stock whose Closing Power uptrends are violated.  Add more
           bearish MINCPs short sales.

                                   Weaker Openings Now Cannot Be A Good Sign

           For years the DJI has been boosted by higher openings.  If that pattern changes now, I would
           fear this will be a very bad sign for the stock market.

                                 Lower Openings Have Led The DJI Down This Last Week,
                                              Don't Fight This Down-Trend.              

         "Buy at the Close and Sell at the Opening." (Rising Opening Power and Falling Closing Power)
         At long last, the New York Times has finally taken note of our findings.  Now that they have,
           I would suggest that this Tiger short-term trading technique may no longer work:
         https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html?emc=edit_th_180204&nl=todaysheadlines&nlid=58223894
              Since SPY's inception in 1993, "all of ...(its) price gain since 1993 has come outside regular trading hours...
               If you had bought the SPY at the last second of trading on each business day since 1993 and sold at the
               market open the next day — capturing all of the net after-hour gains — your cumulative price gain
               would be 571 percent. On the other hand, if you had done the reverse, buying the E.T.F. at the first
               second of regular trading every morning at 9:30 a.m. and selling at the 4 p.m. close, you would be down
               4.4 percent since 1993. "

              
 

Charts 2/2/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/2/2018   Bullish MAXCPs     Bearish MINCPs

Table 1 QUICKSILVER on ETFS - 02/02/18 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 254.93 -6.69 W264.16 -208.9% ---- RED .109 ---- --------------------------------------------------------------------------------------------- COMPQX 7240.95 -144.91 W7466.51 -178.1% ---- RED .208 -.022 --------------------------------------------------------------------------------------------- SPY 275.45 -6.13 W284.68 -196.4% ---- RED .146 -.022 --------------------------------------------------------------------------------------------- QQQ 164.61 -3.35 W170.1 -186.5% ---- RED .159 -.019 --------------------------------------------------------------------------------------------- MDY 348.38 -7.16 W359.43 -197.5% Bearish RED .004 -.053 --------------------------------------------------------------------------------------------- IWM 153.83 -3.02 W158.7 -182.9% Bearish RED .037 -.06 --------------------------------------------------------------------------------------------- FAS 74.82 -4.88 W80.11 -432.8% ---- RED .169 .158 --------------------------------------------------------------------------------------------- RETL 36.22 -3.16 W44.85 -1038.5% Bearish RED .21 .146 --------------------------------------------------------------------------------------------- SOXL 157.03 -14.31 W180.55 -687.4% Bearish RED .025 -.133 --------------------------------------------------------------------------------------------- TECL 124.76 -12.26 W137.52 -597.2% Bearish RED .048 .04 --------------------------------------------------------------------------------------------- IBB 112.14 -1.84 W118.5 -253.9% ---- RED -.006 .002 --------------------------------------------------------------------------------------------- GLD 126.39 -1.68 W127.35 -65.8% ---- RED .098 -.047 --------------------------------------------------------------------------------------------- OIL 7.29 -.13 W7.34 -102.4% Bullish ---- .185 .126 --------------------------------------------------------------------------------------------- OIH 26.83 -1.19 W28.09 -337.5% Bearish RED .144 .029 --------------------------------------------------------------------------------------------- GASL 22.21 -3.12 W28.11 -1408% Bearish RED -.13 -.068 --------------------------------------------------------------------------------------------- UGA 33.27 -.46 W33.9 -129.1% Bullish BLUE .174 -.023 --------------------------------------------------------------------------------------------- UUP 23.27 .14 W23.32 2.2% Bearish ---- -.043 -.137 --------------------------------------------------------------------------------------------- IEF 102.22 -.38 W103.51 -75% Bearish RED -.173 -.124 --------------------------------------------------------------------------------------------- XLU 49.88 -.36 W50.39 -114.5% Bearish RED -.155 -.192 --------------------------------------------------------------------------------------------- WEAT 6.25 -.06 W6.28 55.5% Bullish ---- .096 -.074 --------------------------------------------------------------------------------------------- YINN 45.45 -2.18 W50.48 -836% ---- RED .124 .22 --------------------------------------------------------------------------------------------- RSX 22.98 -.56 W23.33 -134.4% ---- RED .181 -.036 --------------------------------------------------------------------------------------------- AAPL 160.5 -7.28 W167.96 -327% Bearish RED -.083 -.145 --------------------------------------------------------------------------------------------- GOOG 1111.9 -55.8 W1175.58 -273.1% Bullish RED .181 .003 --------------------------------------------------------------------------------------------- MSFT 91.78 -2.48 W93.92 -121.3% Bearish RED -.019 .023 --------------------------------------------------------------------------------------------- AMZN 1429.95 39.95 1417.68 98.3% ---- RED .091 .181 --------------------------------------------------------------------------------------------- FB 190.28 -2.81 185.98 7.4% Bullish RED .035 -.024 --------------------------------------------------------------------------------------------- NVDA 233.52 -6.98 W246.85 -201.2% Bullish RED .128 .002 --------------------------------------------------------------------------------------------- BA 348.91 -8.03 340.82 82.1% ---- RED .015 .23 --------------------------------------------------------------------------------------------- GS 260.04 -12.19 W272.48 -150% Bullish RED .14 .003 --------------------------------------------------------------------------------------------- HD 193.97 -5.93 W204.92 -326.7% ---- RED .121 .049 --------------------------------------------------------------------------------------------- CAT 157.49 -4.75 W162.58 -292.3% Bearish RED .077 .062

Table 2 Count of Stocks in Key Tiger Directories Date = 180202 -------------------------------------- NEWHIGHS         42 NEWLOWS         256      So many new lows just a week from the DJI's new high is not good. MAXCP 26 MINCP 405 Professionals have turned quite bearish. TTTNH 44 TTTNL 551 FASTUP 77 FASTDOWN 515 There is a lot of institutional dumping going on. CPCROSSA 27 CPCROSSD 187 BIGVOLUP 5 BIGVODN 50

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = 180202 No. NHs Pct ------------------------------------------------------------------- INDEXES 194 12 6 % RUS-1000 837 52 6 % GAMING 28 1 4 % AUTO 40 1 3 % SOFTWARE 66 2 3 % NASD-100 100 3 3 % BIOTECH 387 8 2 % FINANCE 93 1 1 % MORNSTAR 238 2 1 % SP500 485 5 1 % REIT 178 1 1 % Others: None

Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 2/2/18 Bullish = 34 Bearish = 11 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 1 1 1 1 1 HOSPITAL .875 1 1 1 .875 .875 ETFS .865 .925 .94 .94 .97 .97 BIGBANKS .857 .857 .857 .857 1 1 INDEXES .835 .927 .927 .932 .938 .927 FINANCE .774 .817 .806 .817 .827 .827 COMODITY .771 .828 .785 .8 .8 .828 SP-100 .77 .843 .864 .885 .895 .906 MORNSTAR .756 .861 .869 .873 .894 .92 TRANSP .75 .8 .85 .85 .8 .85 DOWJONES .733 .866 .833 .9 .9 .9 FOOD .733 .8 .6 .6 .666 .733 GAMING .714 .785 .785 .785 .785 .821 MILITARY .71 .763 .763 .815 .789 .763 RETAIL .698 .754 .792 .83 .867 .867 REGBANKS .696 .787 .696 .727 .757 .787 SOFTWARE .696 .757 .757 .727 .772 .818 DJI-13 .692 .846 .769 .923 .923 .923 NASD-100 .69 .79 .83 .82 .85 .88 NIFTY .666 .766 .766 .733 .8 .8 CHINA .656 .718 .765 .75 .75 .796 COMPUTER .652 .608 .608 .652 .739 .739 SP500 .645 .75 .777 .787 .812 .845 RUS-1000 .609 .719 .734 .75 .774 .802 AUTO .6 .75 .775 .875 .875 .9 BEVERAGE .6 .75 .75 .8 .8 .85 HACKERS .6 .64 .6 .6 .68 .72 INFRA .571 .742 .771 .857 .885 .942 PIPELINE .571 .714 .714 .714 .714 .714 INSURANC .562 .625 .625 .625 .625 .656 INDMATER .555 .677 .722 .766 .8 .855 JETS .555 .777 .666 .777 .666 .666 BIOTECH .542 .583 .583 .633 .687 .697 OILGAS .514 .7 .7 .707 .778 .8 N= 34 ============================================================================================ COAL .5 .6 .7 .7 .8 .8 ============================================================================================ GREEN .483 .548 .516 .516 .58 .548 GOLD .47 .764 .764 .725 .725 .862 ELECTRON .382 .483 .455 .488 .533 .573 CHEM .328 .546 .593 .578 .64 .671 SEMI .323 .438 .43 .446 .5 .553 HOMEBLDG .235 .352 .352 .411 .47 .647 UTILITY .162 .232 .279 .255 .232 .232 EDU .142 .285 .285 .285 .428 .714 SOLAR .142 .238 .238 .238 .38 .333 REIT .073 .112 .162 .123 .129 .179 BONDFUND .018 .036 .027 .018 .036 .081 N=11

===============================================================================
===============================================================================
2/1/2018      The evidence from tonight's research is compelling that we should consider a
                    revised Sell S9 to have occurred on Tuesday's close.  See below.  There have
                    been 11 of these revised S9s in January and February in rising markets since 1929. 
                    All 11 brought declines to the lower 3% band.  7 of the 11 brought declines below
                    the lower 3.5% band.   The Futures are already dropping sharply.  This probably
                    has something to do with the necklines of head/shoulders being broken.  It has to do with
                    Trump's political difficulties.  But there is a lot more at stake, as I discuss below. 
                    A DJI decline back to its 65-dma and the lower 3% next seems highly likely. There
                    should be very good support there.

                    All this week I have suggested we should expect the DJI to retreat from its very
                    overbought position.  In particular, I noted that the recent rally has brought a
                    gain that more than matches the average gain after a September Buy B21 and
                    so profits should be taken, rather than be too greedy.  The deterioration of
                    breadth was mentioned as a bearish factor.  Monday and Tuesday both were
                    days when the number of NYSE decliners was more than 4 times the number of
                    advancers.  As a result, on January 30th, the P-I and the V-I turned negative. 
                    Since the DJI closed down at only the 1.3% upper band, no Peerless S9 was given
                    on January 29th.  But back in the days before 2008, Peerless also used its
                    hypothetical high in relation to the 21-day ma.  I believe that is why a Sell S9
                    using the 2007 version of Peerless was given. 

                    I do not have the source code for the 2007 version of Peerless.  But I tested the
                    following parameters for January and February when the DJI was near its 12 month
                    highs and not in a bear market:
                                    
                                         1) Close/21-dma must be above 1.013
                                         2) Theoretical High/21-dma must be above 1.026
                                         3) P-Indicator must be negative.
                                         4) V-Indicator must be negative.

                    There were 11 of the 2007-like variations on our classic Sell S9.  All brought declines to
                    at least the 3% lower band.  Six saw paper losses, all under 5%.  But most significantly,
                    7 of the 11 produced a DJI decline below the lower 3.5% band.

                           1) 1/30/1929  312.64   DJI rallied to 322.1 and then fell to lower 3.5% band.
                           2) 2/28/1929  317.4     DJI fell directly to the lower 3.5% band.
                           3) 2/15/1935  104.7     DJI rose to 107.2 and then fell to lower 3.5% band.
                           4) 2/11/1937   190.3    DJI rose to 194.4 (3/10) and then fell below lower 3.5% band.
                           5) 1/3/1939     153.6    DJI fell directly below lower 3.5% band.
                           6) 1/9/1946     197.37  DJI rose to 206.6 and then fell below lower 3.5% band.
                           7) 2/1/1955     409.7    DJI rose to 419.7 and then fell below lower 3.5% band.
                           8) 1/3/1973     1939     DJI fell directly far below lower 3.5% band.
                           9) 2/13/1980   903.84  DJI fell directly far below lower 3.5% band.
                          10) 1/13/1999 9349.55 DJI fell directly to lower 3.0% band.
                          11) 1/7/2000  11522.56 DJI rose to 11722.98 and then fell far below the 3.5% lower band.

                                                                                       What To Do?

                           Take profits in longs.  Do not let a gain turn into a loss.  Sell when the steep Closing Power
                           uptrends are violated.  Sell some of the bearish MINCP stocks short.  Because of Boeing's
                           unduly large impact on the DJI, I am reluctant to suggest shorting DIA. 

                                        January's JOBs' Numbers Are Unusually Important

                    The Fed's postponing a rise in interest rates until March did not help dividend stocks.
                    Investors again quickly unloaded utilities' stocks, REITs and bond funds Thursday. 
                    The explanation is simple.  Rates have been very, very low.  Now they will almost
                    certainly be going up.  Trump's tax cuts and increased spending on the military, domestic
                    security and, possibly, infrastructure has many big investors in bonds really spooked.

                    But there is a much bigger storm approaching.  It has to do with the Trump's wager
                    on the strong and the power of "trickle-down" economics. What if the Economy does not
                    get as big a boost as Republicans are expecting from Trump's economic agenda?  That
                    could cause a big turnover in Congressional seats.  It conceivably could even cause the
                    Democrats to regain control of the House of Representatives.  That has to be on Republican
                    investors' minds.  I believe this is why the DJI, SP-500, Mid-Caps, QQQ and NASDAQ
                    have all quickly formed compact little head/shoulders price patterns.

                    If I am right, then tomorrow's Jobs' numbers for January have taken on a special significance.
                    They wobble and fluctuate, of course, month to month.  But anything short of a really good
                    number, say above 210,000 for new jobs could be politically troublesome. Ordinarily, a
                    low number, one that is less than 12 months ago and also the previous month,
                    can sometimes be viewed as a cause for the Fed to delay raising interest rates.  But not
                    only has the Fed largely guaranteed a raise in short-term rates in March, now a low number
                    of new monthly jobs, below, say 150,000 would mean economic Growth is probably not
                    good enough to boost Republicans' political fortunes, especially in the Midwest "rust belt".

                    So tomorrow's January Jobs' numbers will be important for partisans and for the stock
                    market, too.  The new numbers will be reported an hour before the NYSE opens.   Below are
                    current numbers which we will use for comparison.

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2007 240 89 190 80 143 75 -34 -20 88 84 114 98 2008 17 -84 -78 -210 -186 -162 -213 -267 -450 -474 -766 -694 2009 -793 -702 -823 -687 -349 -471 -329 -213 -220 -204 -2 -275 2010 23 -68 164 243 524 -137 -68 -36 -52 262 119 87 2011 43 189 225 346 77 225 69 110 248 209 141 209 2012 358 237 233 78 115 76 143 177 203 146 132 244 2013 211 286 130 197 226 162 122 261 190 212 258 47 2014 190 151 272 329 246 304 202 230 280 227 312 255 2015 234 238 86 262 344 206 254 157 100 321 272 239 2016 126 237 225 153 43 297 291 176 249 124 164 155 2017 216 232 50 207 145 210 138 208 38 211 252(P) 148(P) P : preliminary

  

Charts 2/1/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks      (new)  A/D Line for SP-500 Stocks                               NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ                                 2/1/2018   Bullish MAXCPs     Bearish MINCPs

Table 1                              QUICKSILVER on ETFS - 02/01/18 Bullish: Closing Power Rising = 15 Falling = 12 Warnings: Below Pivot-Points = 26 of 31 5-dma Falling = 20 Rising = 11 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- DIA 261.62 .18 W265.91 -40.5% Bullish BLUE .226 ------ --------------------------------------------------------------------------------------------- COMPQX 7385.86 -25.62 W7505.77 -17% Bullish BLUE .307 -.032 --------------------------------------------------------------------------------------------- SPY 281.58 -.32 W286.58 -30.3% Bullish BLUE .273 -.029 --------------------------------------------------------------------------------------------- QQQ 167.96 -1.44 W170.93 -11.5% Bullish RED .288 -.03 --------------------------------------------------------------------------------------------- MDY 355.54 .54 W362.51 -75.1% ---- BLUE .087 -.06 --------------------------------------------------------------------------------------------- IWM 156.85 .49 W159.6 -68.9% ---- BLUE .103 -.064 --------------------------------------------------------------------------------------------- FAS 79.7 .9 W81.71 -30.7% Bullish BLUE .268 .22 --------------------------------------------------------------------------------------------- RETL 39.38 -1.34 W45.02 -509.8% ---- RED .253 .264 --------------------------------------------------------------------------------------------- SOXL 171.34 -2.57 W181.13 169.4% ---- BLUE .141 -.041 --------------------------------------------------------------------------------------------- TECL 137.02 .18 W141.15 70.5% Bullish BLUE .214 .132 --------------------------------------------------------------------------------------------- IBB 113.98 -.1 W118.04 -113.5% Bullish BLUE .095 -.022 --------------------------------------------------------------------------------------------- GLD 128.07 .42 *128.07 3.9% Bullish BLUE .125 -.079 --------------------------------------------------------------------------------------------- OIL 7.42 .18 W7.44 89.1% Bullish BLUE .224 .105 --------------------------------------------------------------------------------------------- OIH 28.02 .56 W28.72 -115.5% ---- BLUE .241 .04 --------------------------------------------------------------------------------------------- GASL 25.33 .29 W29.74 -779% Bearish BLUE -.08 .005 --------------------------------------------------------------------------------------------- UGA 33.73 .11 W34.14 3% Bullish ---- .181 -.047 --------------------------------------------------------------------------------------------- UUP 23.13 -.12 W23.26 -38.7% Bearish RED .015 -.171 --------------------------------------------------------------------------------------------- IEF 102.6 -.7 W103.77 -71.4% Bearish RED -.161 -.155 --------------------------------------------------------------------------------------------- XLU 50.24 -.8 W51.04 -75.8% Bearish RED -.144 -.221 --------------------------------------------------------------------------------------------- WEAT 6.31 -.01 6.18 183.8% Bullish ---- .147 -.108 --------------------------------------------------------------------------------------------- YINN 47.63 -2.16 W53.8 -240% Bullish RED .221 .292 --------------------------------------------------------------------------------------------- RSX 23.54 .05 W23.61 -55.3% Bullish BLUE .3 -.048 --------------------------------------------------------------------------------------------- AAPL 167.78 .35 W171.51 -98.5% Bearish BLUE -.014 -.135 --------------------------------------------------------------------------------------------- GOOG 1167.7 -2.24 W1175.84 -11.4% Bullish BLUE .303 .025 --------------------------------------------------------------------------------------------- MSFT 94.26 -.75 94.06 103.1% Bullish RED .06 .023 --------------------------------------------------------------------------------------------- AMZN 1390 -60.89 W1402.05 42.5% Bullish RED .194 .109 --------------------------------------------------------------------------------------------- FB 193.09 6.2 190 149.6% Bullish BLUE .108 -.042 --------------------------------------------------------------------------------------------- NVDA 240.5 -5.3 W243.33 85.4% Bullish BLUE .205 .017 --------------------------------------------------------------------------------------------- BA 356.94 2.57 343.22 201.1% Bullish BLUE .068 .24 --------------------------------------------------------------------------------------------- GS 272.23 4.34 268.14 59.4% Bullish BLUE .174 .023 --------------------------------------------------------------------------------------------- HD 199.9 -1 W207.23 -134% Bullish BLUE .205 .071 --------------------------------------------------------------------------------------------- CAT 162.24 -.54 W167.06 -215.9% Bearish BLUE .135 .071

Table 2                        Count of Stocks in Key Tiger Directories                                           Date = 180201 --------------------------------------------------------- NEWHIGHS     196 NEWLOWS      156 MAXCP              84 MINCP              223 TTTNH               83 TTTNL              281 FASTUP             75 FASTDOWN    237 CPCROSSA     211 CPCROSSD      71 BIGVOLUP         5 BIGVODN         21

Table 3 Count of Stocks and New Highs in Key Tiger Directories 2/1/2018 No NHs Pct. ------------------------------------------------------------------- BIGMIL 6 4 67 % BIGBANKS 7 2 29 % DJI-13 13 3 23 % MILITARY 38 8 21 % GAMING 28 6 21 % DOWJONES 30 5 17 % FINANCE 93 14 15 % ================================================= EDU 7 1 14 % HOSPITAL 8 1 13 % COMODITY 70 8 11 % NIFTY 30 3 10 % SP-100 96 10 10 % INSURANC 32 3 9 % NASD-100 100 8 8 % SP500 485 34 7 % RUS-1000 837 52 6 % AUTO 40 2 5 % INDEXES 194 10 5 % MORNSTAR 238 11 5 % TRANSP 20 1 5 % BEVERAGE 20 1 5 % BIOTECH 387 16 4 % REGBANKS 33 1 3 % ETFS 66 2 3 % CHEM 64 1 2 % SEMI 130 3 2 % SOFTWARE 66 1 2 % INDMATER 90 1 1 % ELECTRON 178 2 1 % REIT 178 1 1 % ==================================================== NONE: GREEN HOMEBLDG HACKERS OILGAS INFRA CHINA SOLAR COMPUTER COAL GOLD RETAIL UTILITY PIPELINE FOOD BONDFUND JETS

Table 4  RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA                                                           2/1/18 Bullish = 38 Bearish = 8 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 1 1 1 1 1 HOSPITAL 1 1 1 .875 .875 .875 INDEXES .927 .927 .932 .938 .927 .927 ETFS .924 .939 .939 .969 .969 .969 DOWJONES .866 .833 .9 .9 .9 .9 MORNSTAR .861 .869 .873 .894 .92 .911 BIGBANKS .857 .857 .857 1 1 1 DJI-13 .846 .769 .923 .923 .923 .923 SP-100 .843 .864 .885 .895 .916 .927 COMODITY .828 .785 .8 .8 .8 .742 FINANCE .817 .806 .817 .827 .827 .849 FOOD .8 .6 .6 .666 .6 .4 TRANSP .8 .85 .85 .8 .85 .8 ========================================================================================== NASD-100 .79 .83 .82 .85 .89 .86 REGBANKS .787 .696 .727 .757 .787 .757 GAMING .785 .785 .785 .785 .821 .857 JETS .777 .666 .777 .666 .666 .666 NIFTY .766 .766 .733 .8 .8 .766 GOLD .764 .764 .725 .725 .862 .823 MILITARY .763 .763 .815 .789 .763 .789 SOFTWARE .757 .757 .727 .772 .818 .742 RETAIL .754 .792 .83 .867 .867 .867 AUTO .75 .775 .875 .875 .9 .875 BEVERAGE .75 .75 .8 .8 .85 .85 SP500 .75 .777 .787 .812 .851 .841 INFRA .742 .771 .857 .885 .942 .914 RUS-1000 .719 .734 .75 .774 .805 .801 CHINA .718 .765 .75 .75 .796 .781 PIPELINE .714 .714 .714 .714 .714 .714 OILGAS .7 .7 .707 .778 .8 .8 INDMATER .677 .722 .766 .8 .855 .855 HACKERS .64 .6 .6 .68 .72 .68 INSURANC .625 .625 .625 .625 .687 .75 COMPUTER .608 .608 .652 .739 .739 .739 COAL .6 .7 .7 .8 .8 .9 BIOTECH .583 .583 .633 .687 .695 .684 GREEN .548 .516 .516 .58 .548 .58 CHEM .546 .593 .578 .64 .671 .671 ============================================================================================ ELECTRON .483 .455 .488 .533 .573 .511 SEMI .438 .43 .446 .5 .553 .469 HOMEBLDG .352 .352 .411 .47 .647 .647 EDU .285 .285 .285 .428 .714 .714 SOLAR .238 .238 .238 .38 .333 .333 UTILITY .232 .279 .255 .232 .232 .209 REIT .112 .162 .123 .129 .179 .235 BONDFUND .036 .027 .018 .036 .081 .099 N= 8

==============================================================================
==============================================================================
1/31/2018     I have suggested doing some profit-taking and waiting for a pullback by the DJI
                     to buy again.  In this way, we can again be positioned long to be consistent with
                     the still active September Buy B21.  That the 10-day Down Volume has risen above the 10-day
                     Up Volume suggests this seems a good plan.  So does the break in the NYSE
                     A/D Line uptrend, which warns us that interest rates are on the rise.  It remains
                     to be seen if the DJI will decisively break below the near-term support at 25800;
                     such is the power of an accelerating uptrend.  So patience seems warranted as
                     far as the DJI goes.  A continued decline in Crude Oil and oil stocks would contribute
                     to a bigger DJI sell-off, so watch them now.

                                                Should We Have Gotten an S9 on Tuesday?

                     An alert subscriber just emailed me, saying that the 2006 version of Peerless would
                     have given a Sell S9 yesterday.  There is no time tonight to back-test it for January
                     and February.  And I lost the source code for this version of Peerless some time ago.
                     But the current version gives no such Sell S9 and  I would trust the current Peerless because
                     I know how many hours went into back-testing all of its signals.  See 2006 version's chart.
                     Still, tomorrow I will show this old S9's track record for this time of the year.  No time
                     tonight.





                     I still doubt if rising interest rates are ready to bring a much bigger decline.
                     The bad breadth on the NYSE, so far, owes mostly to weak dividend plays, bond
                     funds, REITs and utilities.  I would suggest that an economic slow-down is not in the
                     cards, judging from the still rising A/D Line for the SP-500 stocks shown below.



                     The leading tech stocks (NVDA, GOOG, MSFT and AMZN) seem not to be
                     bothered by the prospects of higher interest rates.  And so the NASDAQ and
                     QQQ show very high levels of underlying Accumulation.  This suggests ample
                     support and only a limited pullback at this time.  These stocks, QQQ and the
                     NASDAQ are "tightly held".  Because of this, I would Buy QQQ if it makes a
                     run now and destroys its bearish-looking head/shoulders pattern.  This will
                     bring on another short-covering burst upwards.



                     There are a number of very special biotech situations that look bullish.  We see
                     them in the Bullish MAXCPs tonight.  The star performer is Madrigal.  Its preliminary
                     trials for a novel way to treat fatty livers not caused by drinking has had a high degree of
                     success.  While trials are always limited. the stunning results its drug is getting
                     would occur less than once in 10,000 randomized samples.  It used to be a $300
                     stock.  It is still only half of that price. We will watch to see who makes a bid for it.
                     It epitomizes what we always hope to find using our Explosive Super Stock screens.
                     If someone came up to me and wanted one stock to buy, this is what I would pick
                     for him.
                    http://www.madrigalpharma.com/wp-content/uploads/2018/01/Madrigal-Announces-EASL-Presentation.20180130_FINAL.pdf 



           

Charts 1/31/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks                                                          NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ (Square)                                 1/31/2018   Bullish MAXCPs     Bearish MINCPs

Table 1 QUICKSILVER on ETFS - 01/31/18 Bullish: Closing Power Rising = 21 Falling = 5 Warnings: 5-dma Falling = 21 Rising = 11 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- DIA 261.44 .82 W263.75 -21.5% Bullish RED .231 ----- --------------------------------------------------------------------------------------------- COMPQX 7411.48 9 7411.16 -2.4% Bullish RED .373 -.022 --------------------------------------------------------------------------------------------- SPY 281.9 .14 W283.3 -22.5% Bullish RED .325 -.023 --------------------------------------------------------------------------------------------- QQQ 169.4 .7 168.35 29.2% Bullish RED .364 -.017 --------------------------------------------------------------------------------------------- MDY 355 -.7 W360.93 -85.8% ---- RED .173 -.051 --------------------------------------------------------------------------------------------- IWM 156.36 -.82 W159.03 -82.2% ---- RED .118 -.055 --------------------------------------------------------------------------------------------- FAS 78.8 1.1 W80.19 -99.4% Bullish BLUE .228 .204 --------------------------------------------------------------------------------------------- RETL 40.72 -1.16 W43.79 -404.9% ---- RED .303 .428 --------------------------------------------------------------------------------------------- SOXL 173.91 4.35 165.44 -17.5% ---- RED .2 -.031 --------------------------------------------------------------------------------------------- TECL 136.84 3.21 135.09 31.1% Bullish BLUE .264 .117 --------------------------------------------------------------------------------------------- IBB 114.08 -2.19 W116.63 -77.7% Bullish RED .152 -.012 --------------------------------------------------------------------------------------------- GLD 127.65 .85 W127.97 -46.2% ---- BLUE .133 -.061 --------------------------------------------------------------------------------------------- OIL 7.24 .07 W7.29 -122.7% Bullish BLUE .21 .123 --------------------------------------------------------------------------------------------- OIH 27.46 -.24 W28.67 -260.3% ---- RED .24 .042 --------------------------------------------------------------------------------------------- GASL 25.04 -.44 W29.63 -1036.7% Bearish RED -.022 .049 --------------------------------------------------------------------------------------------- UGA 33.62 .54 W33.71 -66.6% Bullish BLUE .114 -.023 --------------------------------------------------------------------------------------------- UUP 23.25 -.03 W23.31 -6.4% Bullish ---- .051 -.16 --------------------------------------------------------------------------------------------- IEF 103.3 .03 W104.08 -26.5% Bearish RED -.071 -.139 --------------------------------------------------------------------------------------------- XLU 51.04 .56 51.01 80% Bearish BLUE -.117 -.205 --------------------------------------------------------------------------------------------- WEAT 6.32 -.1 6.08 201.4% Bullish ---- .161 -.087 --------------------------------------------------------------------------------------------- YINN 49.79 1.78 W50.05 -225% Bullish RED .28 .34 --------------------------------------------------------------------------------------------- RSX 23.49 .23 W23.8 -61.6% Bullish ---- .337 -.028 --------------------------------------------------------------------------------------------- AAPL 167.43 .46 W171.11 -199.3% Bearish BLUE .017 -.134 --------------------------------------------------------------------------------------------- GOOG 1169.94 6.25 W1170.37 24.4% Bullish RED .331 .02 --------------------------------------------------------------------------------------------- MSFT 95.01 2.27 92.33 171.6% Bullish BLUE .104 .029 --------------------------------------------------------------------------------------------- AMZN 1450.89 13.07 1377.95 333.8% Bullish RED .31 .163 --------------------------------------------------------------------------------------------- FB 186.89 -.23 W187.48 9.1% Bullish RED .106 -.072 --------------------------------------------------------------------------------------------- NVDA 245.8 3.08 236.35 207.5% Bullish ---- .257 .049 --------------------------------------------------------------------------------------------- BA 354.37 16.66 343.11 289.5% Bullish RED .087 .231 --------------------------------------------------------------------------------------------- GS 267.89 -1.05 W269.03 41.1% Bullish RED .135 .006 --------------------------------------------------------------------------------------------- HD 200.9 -.91 W205.37 -129.7% Bullish RED .159 .086 --------------------------------------------------------------------------------------------- CAT 162.78 -.98 W169.37 -167.2% Bearish RED .114 .081

Table 2 Count of Stocks in Key Tiger Directories Date = 180131 -------------------------------------- NEWHIGHS 119 NEWLOWS 102 MAXCP 41 MINCP 267 TTTNH 54 TTTNL 403 FASTUP 74 FASTDOWN 234 CPCROSSA 37 CPCROSSD 119 BIGVOLUP 6 BIGVODN 28

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = 180131 No. NHs Pct ------------------------------------------------------------------- BIGMIL 6 4 67 % DJI-13 13 3 23 % JETS 9 2 22 % NIFTY 30 6 20 % MILITARY 38 7 18 % GAMING 28 5 18 % DOWJONES 30 5 17 % ========================================================= BEVERAGE 20 2 10 % INSURANC 32 3 9 % NASD-100 100 9 9 % FINANCE 93 6 6 % SP-100 96 6 6 % SOFTWARE 66 4 6 % AUTO 39 2 5 % SP500 485 23 5 % RUS-1000 837 38 5 % HACKERS 25 1 4 % MORNSTAR 238 9 4 % BIOTECH 393 17 4 % COMPUTER 23 1 4 % GREEN 31 1 3 % CHINA 64 2 3 % INDEXES 194 4 2 % RETAIL 53 1 2 % INDMATER 90 1 1 % ELECTRON 178 1 1 % SEMI 130 1 1 % REIT 178 1 1 % ------------------ None ------------------------------------- BIGBANKS REGBANKS HOMEBLDG CHEM ETFS OILGAS INFRA TRANSP SOLAR COAL GOLD EDU UTILITY PIPELINE COMODITY FOOD BONDFUND HOSPITAL

Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 1/31/18 Bullish = 38 Bearish = 8 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 1 1 1 1 1 HOSPITAL 1 1 .875 .875 .875 .875 ETFS .939 .939 .969 .969 .969 .954 INDEXES .927 .932 .938 .927 .927 .938 MORNSTAR .869 .873 .894 .92 .911 .92 SP-100 .864 .885 .895 .916 .927 .927 BIGBANKS .857 .857 1 1 1 1 TRANSP .85 .85 .8 .85 .8 .9 DOWJONES .833 .9 .9 .9 .9 .933 NASD-100 .83 .82 .85 .89 .86 .86 FINANCE .806 .817 .827 .827 .849 .849 N=11 =========================================================================================== RETAIL .792 .83 .867 .867 .867 .867 COMODITY .785 .8 .8 .8 .742 .757 GAMING .785 .785 .785 .821 .857 .821 SP500 .777 .787 .812 .851 .841 .83 INFRA .771 .857 .885 .942 .914 .914 AUTO .769 .871 .871 .897 .871 .871 DJI-13 .769 .923 .923 .923 .923 1 NIFTY .766 .733 .8 .8 .766 .833 CHINA .765 .75 .75 .796 .781 .781 GOLD .764 .725 .725 .862 .803 .901 MILITARY .763 .815 .789 .763 .789 .763 SOFTWARE .757 .727 .772 .818 .742 .757 BEVERAGE .75 .8 .8 .85 .8 .8 RUS-1000 .734 .75 .774 .805 .802 .8 INDMATER .722 .766 .8 .855 .855 .855 PIPELINE .714 .714 .714 .714 .714 .714 COAL .7 .7 .8 .8 .9 .9 OILGAS .7 .707 .778 .8 .8 .814 REGBANKS .696 .727 .757 .787 .757 .818 JETS .666 .777 .666 .666 .666 .777 INSURANC .625 .625 .625 .687 .75 .687 COMPUTER .608 .652 .739 .739 .739 .782 FOOD .6 .6 .666 .6 .4 .466 HACKERS .6 .6 .68 .72 .72 .72 CHEM .593 .578 .64 .671 .671 .687 BIOTECH .587 .631 .689 .689 .676 .651 GREEN .516 .516 .58 .548 .58 .645 N=27 ============================================================================================== ELECTRON .455 .488 .533 .573 .505 .601 SEMI .43 .446 .5 .553 .461 .576 HOMEBLDG .352 .411 .47 .647 .647 .882 EDU .285 .285 .428 .714 .714 .714 UTILITY .279 .255 .232 .232 .209 .162 SOLAR .238 .238 .38 .333 .333 .38 REIT .162 .123 .129 .179 .235 .23 BONDFUND .027 .018 .036 .081 .081 .081 N=8

==============================================================================
1/30/2018        The Peerless September Buy B21 has not been reversed.  But a bigger pullback than
                        we have seen so far would seem healthy and likely.  Tomorrow's recovery will be
                        partisan-inspired.  The State of The Union Message is mostly a political cheer-leading
                        event.  For this reason, the DJI may stall out soon after it closes the downside gap in
                        today's trading.  A run up to 26400 would do this. 

                        Bulls, the animal that is, are actually color-blind like most four-legged animals. So, it is the
                        movement of the cape that gets them in trouble, not the color.  We should not be fooled now by
                        a sudden lurch upwards.  Buying on a decent pullback will be safer unless Peerless first
                        generates a Sell signal. That could happen. We might get a Sell at DJI-26600 later this
                        week since both the the P-Indicator and V-Indicators are now negative.  As the DJI is
                        currently 1.3% over the 21-dma, a 300 point rally up from here on poor breadth and
                        low up-volume could bring a Sell S9.

                        Possibly good earnings this week for tech stocks, AAPL, GOOG and AMAZON will lift
                        the NASDAQ, though profit-taking on the positive news seems just as likely.  Trump's
                        promise to take on the Drug Companies and their high prices may bring about some weakness
                        on the NASDAQ, too. 

                        Did you know that the City of New York is suing fossil fuel companies for keeping to
                        themselves knowledge of their role in causing man-made global warming?   Seems far-fetched,
                        right?  But oil stocks have turned weak.

                        I am always ruminating on historical parallels.  Trump's tax cut and de-Regulation are right
                        out of the 1920s, from the play-books of Harding and Coolidge.  The policies' parallels here
                        are quite close.  Along with low interest rates and margin requirements, these policies
                        produced the extraordinary bull market of the 1920s.  But there are two important differences.
                        The first is the absence now of many, many new consumer goods.  In the 1920s cars, radios,
                        refrigerators, washing machines... were all relatively new.  The second difference is in the area
                        of consumer credit.  At the start of the 1920s boom, consumer credit was relatively new and
                        consumers were not as tapped out as they are now.  This means the dangers of over-production
                        and lack of consumer demand do over-hang the market.  Most people need credit, a lot of
                        it, to buy a new car.  We should watch Ford's stock. See below.  If tariffs on auto imports are
                        not enacted, Ford is in trouble.  The American market is already shrinking because credit
                        is harder to get now than in the past.



                        On balance, the bullish parallels are still much more weighty. The tax cuts have not yet had a
                        chance to work their "voo-doo" magic and there has not yet been a take-over binge.  So, let's
                        plan to buy on a 5%-7% dip from here.

                        Today was the second day in a row when the ratio of NYSE decliners to advancers
                        was more than 4:1.  This should reinforce our resolve not to chase the market at this
                        point.  So should the fact that there were substantially more new lows than new highs
                        today on the NYSE and the NASDAQ. See Table 2.




                                      

Charts 1/30/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks                                                          NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                               AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ (Square)                                 1/30/2018   Bullish MAXCPs     Bearish MINCPs

Table 1                          QUICKSILVER on ETFS - 01/30/18 Bullish: Closing Power Rising = 24 Falling = 5 Warnings: 5-dma Falling = 26 Rising = 6 Red candle-stick = 20 Blue candle-stick = 12 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 260.62 -3.54 W262.57 -23.7% Bullish RED .226 ---- --------------------------------------------------------------------------------------------- COMPQX 7402.48 -64.03 W7415.06 -38.8% Bullish BLUE .354 -.015 --------------------------------------------------------------------------------------------- SPY 281.76 -2.92 W283.18 -26.9% Bullish RED .295 -.02 --------------------------------------------------------------------------------------------- QQQ 168.7 -1.4 168.41 -23.9% Bullish BLUE .308 -.013 --------------------------------------------------------------------------------------------- MDY 355.7 -3.73 W361.18 -88.6% ---- RED .102 -.044 --------------------------------------------------------------------------------------------- IWM 157.18 -1.52 W158.97 -87.3% Bullish RED .114 -.039 --------------------------------------------------------------------------------------------- FAS 77.7 -2.41 W80.39 -110.7% Bullish BLUE .207 .191 --------------------------------------------------------------------------------------------- RETL 41.88 -2.97 W44.28 -378.6% Bullish RED .326 .558 --------------------------------------------------------------------------------------------- SOXL 169.56 -10.99 W174.52 -502.2% Bullish RED .184 -.017 --------------------------------------------------------------------------------------------- TECL 133.63 -3.89 W135.99 -203.2% Bullish RED .196 .131 --------------------------------------------------------------------------------------------- IBB 116.27 -2.23 115.9 -23% Bullish RED .176 .02 --------------------------------------------------------------------------------------------- GLD 126.8 -.55 W128.83 -18.8% ---- RED .066 -.074 --------------------------------------------------------------------------------------------- OIL 7.17 -.17 W7.42 -34.1% Bullish ---- .174 .105 --------------------------------------------------------------------------------------------- OIH 27.7 -.39 W28.94 -281.8% ---- ---- .302 .039 --------------------------------------------------------------------------------------------- GASL 25.48 -2.63 W31.01 -968.2% Bearish RED -.041 .074 --------------------------------------------------------------------------------------------- UGA 33.08 -.82 W34.07 -120.8% Bullish RED .045 -.06 --------------------------------------------------------------------------------------------- UUP 23.28 -.04 *23.28 -49.3% Bullish BLUE .068 -.164 --------------------------------------------------------------------------------------------- IEF 103.27 -.24 W103.85 -37.6% Bearish RED -.075 -.147 --------------------------------------------------------------------------------------------- XLU 50.48 .09 50.23 -5.9% Bearish BLUE -.19 -.223 --------------------------------------------------------------------------------------------- WEAT 6.42 .14 6.07 392.8% Bullish BLUE .209 -.083 --------------------------------------------------------------------------------------------- YINN 48.01 -2.47 W52.08 -315.3% Bullish RED .279 .363 --------------------------------------------------------------------------------------------- RSX 23.26 -.07 W23.78 -67.7% Bullish RED .28 -.031 --------------------------------------------------------------------------------------------- AAPL 166.97 -.99 W174.22 -292.1% Bearish BLUE -.02 -.131 --------------------------------------------------------------------------------------------- GOOG 1163.69 -11.89 W1164.24 -26.8% Bullish RED .296 .021 --------------------------------------------------------------------------------------------- MSFT 92.74 -1.18 91.82 45.3% ---- RED .028 -.001 --------------------------------------------------------------------------------------------- AMZN 1437.82 20.14 1357.51 272.1% Bullish BLUE .365 .157 --------------------------------------------------------------------------------------------- FB 187.12 1.14 186.55 -59.3% Bullish BLUE .116 -.067 --------------------------------------------------------------------------------------------- NVDA 242.72 -4.13 235.8 79.3% Bullish BLUE .255 .037 --------------------------------------------------------------------------------------------- BA 337.71 -3.11 334.69 31.2% Bullish RED .12 .166 --------------------------------------------------------------------------------------------- GS 268.94 -3.54 265.68 165.7% Bullish RED .144 .013 --------------------------------------------------------------------------------------------- HD 201.81 -3.11 W206.22 -75.1% Bullish BLUE .145 .101 --------------------------------------------------------------------------------------------- CAT 163.76 1.18 W168.34 -169.4% Bullish BLUE .13 .102

Table 2 Date = 180130             Number in Key Directories -------------------------------------- NEWHIGHS               73 NEWLOWS               159   More new lows than new highs just 2 days away from a DJI high is bearish. MAXCP                       87 MINCP                      250  Professional selling was quite dominant. TTTNH                        59 TTTNL                       346 FASTUP                       83 FASTDOWN             225 CPCROSSA                51 CPCROSSD                95 BIGVOLUP                  5 BIGVODN                  40

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = 180130 ------------------------------------------------------------------- BIGMIL 6 1 17 % ===================================================== HOSPITAL 8 1 13 % MILITARY 38 2 5 % BEVERAGE 20 1 5 % GAMING 28 1 4 % INDEXES 194 7 4 % AUTO 39 1 3 % FINANCE 93 3 3 % NIFTY 30 1 3 % MORNSTAR 238 6 3 % CHEM 64 1 2 % BIOTECH 387 9 2 % SP500 485 12 2 % RUS-1000 837 15 2 % NASD-100 100 2 2 % RETAIL 53 1 2 % UTILITY 43 1 2 % SP-100 96 1 1 % INDMATER 90 1 1 % SEMI 130 1 1 % =====================================================

Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 1/30/18 Bullish = 38 Bearish = 8 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGMIL 1 1 1 1 1 1 HOSPITAL 1 .875 .875 .875 .875 .875 ETFS .939 .969 .969 .969 .954 .954 INDEXES .932 .938 .927 .927 .932 .907 DJI-13 .923 .923 .923 .923 1 1 DOWJONES .9 .9 .9 .9 .933 .933 SP-100 .885 .895 .916 .927 .927 .937 MORNSTAR .873 .894 .92 .911 .92 .924 AUTO .871 .871 .897 .871 .871 .871 BIGBANKS .857 1 1 1 1 1 INFRA .857 .885 .942 .914 .885 .942 TRANSP .85 .8 .85 .8 .9 1 RETAIL .83 .867 .867 .867 .867 .849 NASD-100 .82 .85 .89 .86 .86 .89 FINANCE .817 .827 .827 .849 .849 .903 MILITARY .815 .789 .763 .789 .736 .736 BEVERAGE .8 .8 .85 .8 .8 .8 COMODITY .8 .8 .8 .742 .757 .7 N=18 -------------------------------------------------------------------------------------------- SP500 .787 .812 .851 .841 .83 .839 GAMING .785 .785 .821 .857 .821 .821 JETS .777 .666 .666 .666 .777 1 INDMATER .766 .8 .855 .855 .855 .844 CHINA .75 .75 .796 .781 .781 .796 RUS-1000 .75 .774 .805 .802 .799 .808 NIFTY .733 .8 .8 .766 .833 .866 REGBANKS .727 .757 .787 .757 .787 .848 SOFTWARE .727 .772 .818 .742 .757 .818 GOLD .725 .725 .862 .803 .901 .862 PIPELINE .714 .714 .714 .714 .714 .714 OILGAS .702 .773 .794 .794 .808 .815 COAL .7 .8 .8 .9 .9 .8 COMPUTER .652 .739 .739 .739 .782 .826 BIOTECH .633 .687 .695 .682 .653 .702 INSURANC .625 .625 .687 .75 .687 .718 FOOD .6 .666 .6 .4 .466 .333 HACKERS .6 .68 .72 .72 .72 .68 CHEM .578 .64 .671 .671 .687 .687 GREEN .516 .58 .548 .58 .645 .677 N= 20 ---------------------------------------------------------------------------------------------- ELECTRON .488 .533 .573 .505 .595 .646 SEMI .446 .5 .553 .461 .569 .6 HOMEBLDG .411 .47 .647 .647 .882 .882 EDU .285 .428 .714 .714 .714 .714 UTILITY .255 .232 .232 .209 .162 .139 SOLAR .238 .38 .333 .333 .38 .38 REIT .118 .124 .175 .231 .225 .248 BONDFUND .018 .036 .081 .081 .081 .099 N= 8

==============================================================================
1/29/2018    Let's not be too greedy in here.  That could get us in trouble.  Take some
                    profits.  There are many big "Red Popsicles" in Table 1.  Table 2 shows us
                    that Professionals are doing a lot of dumping now.  MINCPs outnumber
                    MaxCPs by a wide margin and the number of new lows is quite high
                    considering that the DJI is only one day away from its high.  It is even conceivable
                    that a new Peerless Sell signal could be devised that tests well and fit in here.
                    The ratio of declining stocks to advancing stocks was 4.4 today.  This shows
                    a big rush to sell by Professionals.  What are they afraid of?

                    Peerless has given no Sell signal, but how can taking some very ripe profits hurt?
                    That seems only prudent, I admit.  So go ahead.  But understand that we may
                    only be able to re-enter at a higher price.

                    Today the number of NYSE decliners (2467) were 4.429 times the number of
                    advancers (557).  Clearly there was a rush to sell dividend shares.  But it was more
                    than that.  Interest rates rising are only one explanation.  Another is that Trump is now
                    in deeper political trouble than before  A third is that investors are afraid of a bad surprise from
                    Trump's State of The Union message Tuesday night.  Adding some bearish MINCPs
                    short sales to hedge with will help. 

                    There is a good chance that the DJI will fall no further than the 21-dma.  Of course, that
                    is still a 3% decline.  Such a poor breadth ratio like we saw today with the DJI so far above
                    the 21-day ma, 3% now, is quite rare.  Only once in the five earlier cases with the DJI more
                    than 2% over the 21 day ma, did the DJI break below the 21-dma by as much as the 3% lower
                    band.  So, the odds of a 6% or more decline now are, perhaps, only 20%. This would
                    seem to suggest that we should ride out the current decline.  But why take a chance?
                    You have nice profits from the Buy B21, take them.  As of today's close, the September
                    B21 has gained +18.6% on the DJI.  This is a percent higher than they have averaged
                    in the past.  Let's not be greedy.



============================================================================

==========================================================================


==========================================================================
                    A decline is certainly indicated.  Below see all the cases of such poor breadth when the
                    DJI was simply above the 21-dma.  Only in 34% of the cases, did the storm of selling
                    quickly pass.  In 55% of the cases, such poor breadth was followed by a decline to
                    at least the 2% lower band, but sometimes much lower..   

                    Below are all the cases of such a poor breadth ratio since 1945.  Note that "la/ma" shows
                    how far the DJI is above the 21-dma.   "Bad" means this case would have failed as a sell signal
                    because the DJI advanced significantly without even a decline to the 21-dma.  "Good" means
                    a sell signal here would have brought a decline to the lower 2% band, at least.  "Flat" means
                    a sell signal here would have stopped the rally for 3 weeks or more.

                    There have been 38 cases of such poor breadth since 1945 with the DJI above the 21-dma.
                    in 21 (55%) cases, the DJI fell at least to the lower 3% band but in 13 (34%) instances, the DJI
                    quickly rallied significantly.  In the remaining 4, the DJI hesitated for a few weeks and then
                    rose significantly.   This would seem to argue for some profit-taking now, especially when our
                    profits are so big.

                            Sell?        Date            la/ma    outcome
                            ----------------------------------------------------------
                            BAD       8/20/1945    1.002    DJI rallied
                            GOOD   12/12/1945   1.011   DJI fell to lower 2% band
                            GOOD    8/14/1946     1.008  Bear market followed.
                            GOOD   10/17/1947    1.01    DJI fell to lower 3.5% band.
                            GOOD   1/10/1948      1.006  DJI fell to 3% lower band.
                          
                            GOOD   5/6/1948        1.013  DJI fell to lower 3.5% band
                            GOOD   9/8/1948        1.004  DJI fell to lower 2% band
                            GOOD   10/24/1948    1.01    DJI fell below lower 3.5% band.
                            GOOD   12/26/1948    1.001    DJI fell below lower 3.5% band.
                            BAD       10/17/1949    1.009   DJI rallied.
                           
                            BAD       8/25/1950      1.011   DJI rallied
                            BAD       1/10/1951      1.027  DJI rallied  
                            STOP      1/5/1955        1.002  3-weeks sidewise.
                            GOOD    8/6/1956        1.001  DJI fell below lower 3.5% band.
                            BAD        12/10/1962    1.008  DJI declined only to ma and then rose.
                           
                            GOOD    9/21/1966      1.003 DJI fell below lower 3.5% band.
                            BAD        2/25/1975      1.002 DJI rallied
                            GOOD    10/16/1978    1.001 DJI fell below lower 3.5% band.
                            GOOD     10/8/1979     1.002  DJI fell below lower 3.5% band.               
                            STOP       8/18/1980     1.009  DJI stopped rallying and went sidewise.
                           
                            BAD        10/25/1982    1.024  DJI fell only to 21-dma and rise sharply.
                            BAD        12/28/1988    1.021  DJI fell only to 21-dma and rose sharply.
                            BAD         3/17/1989      1.001 slight 4 day decline and then strong rally.
                            GOOD     4/13/2004      1.007  DJI fell below lower 3.5% band.
                            GOOD    5/24/2007      1.008  After a run to upper band, DJI fell below LB
                           
                            GOOD     7/24/2007      1.003  DJI fell below lower 3.5% band.
                            GOOD     12/11/2007    1.017  Bear market began.
                            GOOD     7/24/2008      1.001  Bear market followed.
                            BAD         3/30/2009      1.042  New bull market continues.
                            BAD         5/13/2009      1.011  Bull market continues
                           
                            STOP       11/19/2009     1.026 DJI went flat for a month. .
                            BAD         10/19/2010
                            GOOD      7/11/2011      1.023  DJI fell below lower band.
                            GOOD      11/1/2011      1.008  DJI fell below lower band.  (No Peerless Sell here).
                            BAD          4/15/2013      1.001  DJI fell slightly and then rallied strongly.
                           
                            GOOD      7/17/2014      1.002 DJI fell to lower band.
                            GOOD      9/22/2014      1.004 DJI fell below lower band.
                            STOP        8/19/2017      1.002 DJI went sidewise for a month.
                            UNDECIDED 1/29/2018  1.030

Charts 1/29/2018                        PEERLESS DJI, Signals, Indicators    Daily DJI Volume   10-DayUp/Down Vol   V-Indicator                               Hourly DJIA    A/D Line for All Stocks                                                          NASDAQ   S&P    OEX    NYSE    COMPQX   DJI-15   DJI-20   DJI-30                                DIA   SPY   QQQ   MDY   IWM     TNA                                    CrudeOil    FAS   GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL   RSX   RETL                                 SDS  SLV   SOXL   TECL   TMF   TNA   UGA  (gasoline) XIV  YINN                                Commodities:  JJC, NIB, CHOC  CORN, WEAT  UUP (Dollar)                                                                                                                AAPL  ADBE  ALXN  AMAT  AMGN  AMD AMZN   BA  BABA BAC  BIDU   CAT  CVX   DE                                 FB  GOOG   GS  HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT                                 ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   Also  SPPI  WATT   SQ (Square)                                 1/29/2018   Bullish MAXCPs     Bearish MINCPs

Table 1 QUICKSILVER on ETFS - 01/29/18 ETF CLOSE CHANGE PIVOT-PT 5-dma AROC CL-PWR CANDLE IP21 ITRS --------------------------------------------------------------------------------------------- DIA 264.16 -1.75 261.87 41.4% Bullish RED .319 ---- --------------------------------------------------------------------------------------------- COMPQX 7466.51 -39.26 7460.29 39.3% Bullish RED .378 -.019 --------------------------------------------------------------------------------------------- SPY 284.68 -1.9 283.29 35.1% Bullish RED .376 -.023 --------------------------------------------------------------------------------------------- QQQ 170.1 -.83 169.51 58.6% Bullish RED .299 -.018 --------------------------------------------------------------------------------------------- MDY 359.43 -3.08 W362.1 -27.9% Bullish RED .177 -.046 --------------------------------------------------------------------------------------------- IWM 158.7 -.9 W159.96 -23.5% Bullish RED .165 -.042 --------------------------------------------------------------------------------------------- FAS 80.11 -1.6 79.48 82.4% Bullish RED .258 .216 --------------------------------------------------------------------------------------------- RETL 44.85 -.17 W45.26 -42.5% Bullish BLUE .413 .677 --------------------------------------------------------------------------------------------- SOXL 180.55 -.58 W187.42 -76% Bullish BLUE .241 .015 --------------------------------------------------------------------------------------------- TECL 137.52 -3.63 W139.23 18.2% Bullish RED .23 .129 --------------------------------------------------------------------------------------------- IBB 118.5 .46 116.81 127.8% Bullish BLUE .233 .038 --------------------------------------------------------------------------------------------- GLD 127.35 -.72 127.28 27.4% Bullish RED .137 -.08 --------------------------------------------------------------------------------------------- OIL 7.34 -.1 7.22 178.3% Bullish ---- .203 .117 --------------------------------------------------------------------------------------------- OIH 28.09 -.63 W29.32 -220.7% ---- RED .261 .027 --------------------------------------------------------------------------------------------- GASL 28.11 -1.63 W31.28 -399.1% Bearish RED .047 .155 --------------------------------------------------------------------------------------------- UGA 33.9 -.24 33.9 67.9% Bullish RED .228 -.054 --------------------------------------------------------------------------------------------- UUP 23.32 .06 W23.51 -53.5% Bearish ---- .055 -.171 --------------------------------------------------------------------------------------------- IEF 103.51 -.26 W104.05 -11.5% Bearish ---- -.056 -.15 --------------------------------------------------------------------------------------------- XLU 50.39 -.65 W50.54 32.6% Bearish RED -.178 -.241 --------------------------------------------------------------------------------------------- WEAT 6.28 .1 5.94 239.6% ---- ---- .181 -.123 --------------------------------------------------------------------------------------------- YINN 50.48 -3.32 W51.26 156.2% Bullish RED .323 .374 --------------------------------------------------------------------------------------------- RSX 23.33 -.28 W23.58 -44.4% Bullish RED .322 -.057 --------------------------------------------------------------------------------------------- AAPL 167.96 -3.55 W177.04 -259.5% Bearish RED -.076 -.147 --------------------------------------------------------------------------------------------- GOOG 1175.58 -.26 1169.97 84.7% Bullish RED .35 .018 --------------------------------------------------------------------------------------------- MSFT 93.92 -.14 91.9 125.1% Bullish RED .041 -.01 --------------------------------------------------------------------------------------------- AMZN 1417.68 15.63 1362.54 330.9% Bullish BLUE .311 .119 --------------------------------------------------------------------------------------------- FB 185.98 -4.02 W189.35 16.2% Bullish RED .07 -.083 --------------------------------------------------------------------------------------------- NVDA 246.85 3.52 238.91 276.9% Bullish BLUE .242 .025 --------------------------------------------------------------------------------------------- BA 340.82 -2.4 335.59 41.6% Bullish RED .12 .174 --------------------------------------------------------------------------------------------- GS 272.48 4.34 260.09 206.9% Bullish BLUE .17 .021 --------------------------------------------------------------------------------------------- HD 204.92 -2.31 204.9 11.2% Bullish RED .069 .092 --------------------------------------------------------------------------------------------- CAT 162.58 -4.48 W169.43 -245.8% Bearish RED .115 .055

Table 2                Count of Stocks in Key Tiger Directories                             Date = 180129 -------------------------------------- NEWHIGHS            225 NEWLOWS             130    This is a lot of new lows when the DJI is only 1 day from its high. MAXCP                    96 MINCP                    252    Professionals are much more bearish than bullish. TTTNH                      71 TTTNL                     360 FASTUP                   119 FASTDOWN           135 CPCROSSA              47 CPCROSSD            122 BIGVOLUP                3 BIGVODN                31   There is big rush for the exits here!

Table 3 Count of Stocks and New Highs in Key Tiger Directories Date = 180129 ------------------------------------------------------------------- BIGMIL 6 3 50 % JETS 9 3 33 % BIGBANKS 7 2 29 % MILITARY 38 9 24 % GAMING 28 6 21 % NASD-100 100 16 16 % TRANSP 20 3 15 % RETAIL 53 8 15 % ====================================================== EDU 7 1 14 % DOWJONES 30 4 13 % NIFTY 30 4 13 % HOSPITAL 8 1 13 % SP-100 96 11 11 % BIOTECH 386 44 11 % INFRA 35 4 11 % SP500 485 52 11 % INDEXES 194 19 10 % FINANCE 93 8 9 % MORNSTAR 238 22 9 % DJI-13 13 1 8 % RUS-1000 837 68 8 % COMODITY 70 5 7 % HOMEBLDG 17 1 6 % SOFTWARE 66 4 6 % INSURANC 32 2 6 % BEVERAGE 20 1 5 % COMPUTER 23 1 4 % REGBANKS 33 1 3 % AUTO 39 1 3 % OILGAS 141 4 3 % CHINA 64 2 3 % CHEM 64 1 2 % ELECTRON 178 3 2 % SEMI 130 2 2 % INDMATER 90 1 1 % ==================================================== None: GREEN ETFS HACKERS SOLAR COAL GOLD REIT UTILITY PIPELINE FOOD BONDFUND

Table 4   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 1/29/18 Bullish = 39 Bearish = 6 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- BIGBANKS 1 1 1 1 1 1 BIGMIL 1 1 1 1 1 1 ETFS .969 .969 .969 .954 .954 .954 INDEXES .938 .927 .927 .932 .907 .907 DJI-13 .923 .923 .923 1 1 1 DOWJONES .9 .9 .9 .933 .933 .966 SP-100 .895 .916 .927 .927 .937 .947 MORNSTAR .894 .92 .911 .92 .928 .911 INFRA .885 .942 .914 .885 .942 .885 HOSPITAL .875 .875 .875 .875 .875 .875 AUTO .871 .897 .871 .871 .871 .923 RETAIL .867 .867 .867 .867 .867 .867 NASD-100 .85 .89 .86 .86 .89 .87 FINANCE .827 .827 .849 .849 .903 .881 SP500 .812 .851 .841 .83 .837 .835 BEVERAGE .8 .85 .8 .8 .8 .85 COAL .8 .8 .9 .9 .8 .8 COMODITY .8 .8 .742 .757 .7 .7 INDMATER .8 .855 .855 .855 .844 .855 NIFTY .8 .8 .766 .833 .866 .866 TRANSP .8 .85 .8 .9 .95 .9 MILITARY .789 .763 .789 .736 .736 .789 GAMING .785 .821 .857 .821 .821 .821 RUS-1000 .774 .805 .802 .799 .806 .799 OILGAS .773 .794 .794 .808 .815 .815 SOFTWARE .772 .818 .742 .757 .818 .787 REGBANKS .757 .787 .757 .787 .848 .909 CHINA .75 .796 .781 .781 .796 .796 COMPUTER .739 .739 .739 .782 .826 .826 GOLD .725 .862 .803 .901 .862 .862 PIPELINE .714 .714 .714 .714 .714 .714 BIOTECH .689 .696 .683 .655 .699 .681 HACKERS .68 .72 .72 .72 .68 .72 FOOD .666 .6 .4 .466 .333 .266 JETS .666 .666 .666 .777 .888 .777 CHEM .64 .671 .671 .687 .687 .687 INSURANC .625 .687 .75 .687 .718 .687 GREEN .58 .548 .58 .645 .677 .741 ELECTRON .533 .573 .505 .595 .657 .64 =========================================================================================== SEMI .5 .553 .461 .569 .6 .623 ============================================================================================ HOMEBLDG .47 .647 .647 .882 .882 .882 EDU .428 .714 .714 .714 .714 .714 SOLAR .38 .333 .333 .38 .38 .428 UTILITY .232 .232 .209 .162 .139 .116 REIT .124 .175 .231 .225 .248 .163 BONDFUND .036 .081 .081 .081 .099 .081