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

           
wpeE.jpg (46063 bytes)

(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

                      Earlier Hotlines

       previous hotline
       earlier hotline
     
 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
==============================================================================
==============================================================================

         
 2/2/2018        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.  MAXCPs outnumbers
                    MINCPs 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 


==============================================================================
1/26/2018   
The September Peerless Buy B21 and the recent Buy B18 both predict higher prices.
                    All the key major market ETFs are running in all-time high territory above the most
                    likely resistance lines.  Each of these shows a rising Closing Power and a 5-day ma.
                    Hold your long positions.  Largely avoid the short side. 

                    There has recently been a string of weak openings in the market on Monday mornings
                    followed by renewed strength.  That appears to be building up here.  Perhaps, the market
                    is a little nervous about the President's State of the Union Speech, or perhaps about earnings
                    this week.  In either case, the accelerating uptrend should make any decline very brief. 

                    Traders should still be buyers on weakness.  I would favor stocks whose Closing Powers
                    are making new highs,  show steady Accumulation (AI/200>150) and high recent accumulation
                    (IP21>.30).  In this market, I would not buy laggards like CMG.  Here are examples
                    of stocks and an ETF that might be bought on weakness.

                               ENTA  78.32  AI/200=179   IP21=.46  Closing Power at high.
                               NYT     22.95 AI/200=166   IP21=.512 Closing Power at high.
                               TDG     314.13  AI/200=151 IP21=.38  Closing Power at high
                               UDOW   116.82  AI/200=163  IP21= .443 Closing Power at high.

                                                         Charts 1/26/2018

                     
 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)

                               
1/26/2018   Bullish MAXCPs     Bearish MINCPs
Peerless - DJI chart
TigerSoft Chart of NASDAQ

 
Table 1          QUICKSILVER on ETFS - 01/26/18
 
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR     CANDLE  IP21     ITRS
---------------------------------------------------------------------------------------------
DIA       265.91    2.16     261.98        102.4%   Bullish      BLUE   .382    -----
---------------------------------------------------------------------------------------------
COMPQX    7505.77    94.61   7408.03       114.4%   Bullish      BLUE   .399    -.022
---------------------------------------------------------------------------------------------
SPY       286.58    3.28     282.69        109.2%   Bullish      BLUE   .418    -.024
---------------------------------------------------------------------------------------------
QQQ       170.93    2.58     168.12        136.5%   Bullish      BLUE   .312    -.022
---------------------------------------------------------------------------------------------
MDY       362.51    1.58     361.45        40.3%    Bullish      BLUE   .182    -.044
---------------------------------------------------------------------------------------------
IWM       159.6    .57       159.45        31.4%    Bullish      BLUE   .188    -.045
---------------------------------------------------------------------------------------------
FAS       81.71    1.52      78.79         304.5%   Bullish      BLUE   .342     .238
---------------------------------------------------------------------------------------------
RETL      45.02    1.23      45.23         132.6%   Bullish      BLUE   .36     .688
---------------------------------------------------------------------------------------------
SOXL      181.13    15.69    183.26        56.8%    Bullish      BLUE   .235     .01
---------------------------------------------------------------------------------------------
TECL      141.15    6.06     137.02        294.3%   Bullish      BLUE   .28      .148
---------------------------------------------------------------------------------------------
IBB       118.04    1.41     115.52        261.8%   Bullish      BLUE   .228     .009
---------------------------------------------------------------------------------------------
GLD       128.07    .1       126.65        64.7%    Bullish      RED    .148    -.077
---------------------------------------------------------------------------------------------
OIL       7.44    .15        7.08          270.4%   Bullish      BLUE   .19     .089
---------------------------------------------------------------------------------------------
OIH       28.72    .05       29.37         39.7%    Bullish      ----   .309     .002
---------------------------------------------------------------------------------------------
GASL      29.74    .11       30.54         240.5%   Bearish      RED    .058     .073
---------------------------------------------------------------------------------------------
UGA       34.14    .43       33.44         153.1%   Bullish      BLUE   .222    -.071
---------------------------------------------------------------------------------------------
UUP       23.26   -.05       23.57        -83.1%    ----         ----   .089    -.186
---------------------------------------------------------------------------------------------
IEF       103.77   -.31      103.75       -1%       Bearish      RED   -.052    -.152
---------------------------------------------------------------------------------------------
XLU      51.04    .03        50.06         104.2%   Bearish      RED   -.14    -.225
---------------------------------------------------------------------------------------------
WEAT      6.18    .1         5.99          174.7%   ----         BLUE   .165    -.141
---------------------------------------------------------------------------------------------
YINN      53.8    3.75       48.88         567.1%   Bullish      BLUE   .379     .412
---------------------------------------------------------------------------------------------
RSX       23.61   -.19       23.54         65.7%    Bullish      ----   .355    -.07
---------------------------------------------------------------------------------------------
AAPL      171.51    .4       177          -197.9%   Bearish      RED   -.019    -.147
---------------------------------------------------------------------------------------------
GOOG      1175.84    5.47    1155.81       165.3%   Bullish      BLUE   .341     .013
---------------------------------------------------------------------------------------------
MSFT      94.06    1.73      91.61         221.8%   Bullish      BLUE   .1      -.012
---------------------------------------------------------------------------------------------
AMZN      1402.05    24.1    1327.31       399.8%   Bullish      BLUE   .32      .108
---------------------------------------------------------------------------------------------
FB        190    2.52        185.37        234.1%   Bullish      BLUE   .114    -.07
---------------------------------------------------------------------------------------------
NVDA     243.33    6.98      233.69        281.3%   Bullish      BLUE   .2       .011
---------------------------------------------------------------------------------------------
BA        343.22    .11      338           81.3%    Bullish      RED    .139     .175
---------------------------------------------------------------------------------------------
GS        268.14   -.89      261.52        229%     Bullish      BLUE   .137    -.017
---------------------------------------------------------------------------------------------
HD        207.23    1.86     204.46        144.3%   Bullish      BLUE   .052     .12
---------------------------------------------------------------------------------------------
CAT        167.06   -2.31    170.89       -98.7%    Bearish      RED    .139     .09
Table 2        Count of Stocks in Key Tiger Directories
                           Date = 180126

--------------------------------------
NEWHIGHS             883
NEWLOWS               71
MAXCP                    201
MINCP                     127
TTTNH                      70
TTTNL                     284
FASTUP                   165
FASTDOWN             98
CPCROSSA            134
CPCROSSD              88

BIGVOLUP                 2
BIGVODN                 25
Table 3
    
Count of Stocks and New Highs in Key Tiger Directories
Date = 180126
               No.           NHs           Pct
-------------------------------------------------------------------
BIGBANKS       7             5             71 %
BIGMIL         6             4             67 %
ETFS           66            44            67 %
DOWJONES       30            18            60 %
NIFTY          30            15            50 %
INDEXES        194           93            48 %
DJI-13         13            6             46 %
MORNSTAR       238           106           45 %
SP-100         96            42            44 %
CHINA          64            26            41 %
MILITARY       38            15            39 %
NASD-100       100           39            39 %
SP500          485           161           33 %
COMODITY       70            22            31 %
SOFTWARE       66            19            29 %
INSURANC       32            9             28 %
RUS-1000       837           224           27 %
FINANCE        93            23            25 %
GAMING         28            7             25 %
HOMEBLDG       17            4             24 %
INFRA          35            8             23 %
JETS           9             2             22 %
RETAIL         53            11            21 %
AUTO           40            8             20 %
TRANSP         20            4             20 %
BEVERAGE       20            4             20 %
INDMATER       90            17            19 %
COMPUTER       23            4             17 %
HACKERS        25            4             16 %
-----------------------------------------------------
CHEM           64            9             14 %
BIOTECH        387           50            13 %
FOOD           15            2             13 %
HOSPITAL       8             1             13 %
GREEN          31            3             10 %
COAL           10            1             10 %
REGBANKS       33            3             9 %
OILGAS         141           12            9 %
ELECTRON       178           11            6 %
SEMI           130           7             5 %
UTILITY        43            2             5 %
GOLD           51            1             2 %
REIT           177           1             1 %
----------------------------------------------------
None:   Solar,   Edu,   Pipeline, Bondfund

 

Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/26/18
Bullish = 42
Bearish = 4
---------------------------------------------------------------------------------------
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          .954          .954          .954          .969 
INFRA          .942          .914          .885          .942          .885          .885 
INDEXES        .927          .927          .932          .907          .907          .902 
DJI-13         .923          .923          1             1             1             1 
MORNSTAR       .92           .911          .92           .928          .915          .924 
SP-100         .916          .927          .927          .937          .947          .947 
AUTO           .9            .875          .875          .875          .925          .9 
DOWJONES       .9            .9            .933          .933          .966          .966 
NASD-100       .89           .86           .86           .89           .87           .88 
HOSPITAL       .875          .875          .875          .875          .875          .875 
RETAIL         .867          .867          .867          .867          .867          .886 
GOLD           .862          .803          .901          .862          .862          .843 
INDMATER       .855          .855          .855          .844          .833          .833 
SP500          .851          .841          .83           .837          .832          .818 
BEVERAGE       .85           .8            .8            .8            .85           .8 
TRANSP         .85           .8            .9            .95           .9            .9 
FINANCE        .827          .849          .849          .903          .881          .903 
GAMING         .821          .857          .821          .821          .857          .821 
SOFTWARE       .818          .742          .757          .818          .787          .803 
RUS-1000       .805          .802          .799          .806          .798          .786 
COAL           .8            .9            .9            .8            .8            .8 
COMODITY       .8            .742          .757          .7            .7            .685 
NIFTY          .8            .766          .833          .866          .866          .866 
==============================================================================================
CHINA          .796          .781          .781          .796          .796          .796 
OILGAS         .794          .794          .808          .815          .815          .815 
REGBANKS       .787          .757          .787          .848          .909          .939 
MILITARY       .763          .789          .736          .736          .789          .842 
COMPUTER       .739          .739          .782          .826          .826          .826 
HACKERS        .72           .72           .72           .68           .72           .72 
EDU            .714          .714          .714          .714          .714          .714 
PIPELINE       .714          .714          .714          .714          .714          .714 
BIOTECH        .697          .682          .653          .697          .671          .627 
INSURANC       .687          .75           .687          .718          .656          .625 
CHEM           .671          .671          .687          .687          .671          .734 
JETS           .666          .666          .777          .888          .777          .777 
HOMEBLDG       .647          .647          .882          .882          .882          .823 
FOOD           .6            .4            .466          .333          .266          .2 
ELECTRON       .573          .505          .595          .657          .64           .691 
SEMI           .553          .461          .569          .6            .623          .661 
GREEN          .548          .58           .645          .677          .741          .806 
==============================================================================================
SOLAR          .333          .333          .38           .38           .428          .476 
UTILITY        .232          .209          .162          .139          .116          .093 
REIT           .175          .231          .225          .248          .163          .141 
BONDFUND       .081          .081          .081          .099          .081          .072 


==============================================================================
         1/25/2018  
More research on yesterday's Buy B18 signal shows it was unusually
                            powerful back in the second and sixth years of the Eisenhower Presidency.
                            The parallel with now is that the Trump Administration may also succeed
                            in launching a huge program of infrastructure spending.  See in Table A below
                            the huge DJI gains on the Buy B18s in 1954 and 1958 at the time of the next Sell: 
                            +56.1%, +34.0%, +28.7%, +21.8%, +16.4%.  Of course, Trump may still
                            fail to get the infrastructure program funded and passed. Such a failure would
                            almost certainly end the current upswing.  In this vein, note how small the B18s'
                            gains were under Reagan and Bush II, also Republicans: 
                            +2.5%. +7.6%, -0.6%, +4.8%, +3.3% +4.5%. (+3.7% on average. 
                           (See also the older research on the B18s here:  http://www.tigersoft.com/2018/Buy-B18.html )


                           
Today was a strange day in the market.  The DJI rose 1/2%, but the NASDAQ
                            fell and there were 252 more down than up on the NYSE.  The DJI-30 got 
                            disproportionately big boosts again from its three high priced and heaviest weighted
                            components: BA, GS and MMM.  They accounted for more than 100 points of
                            the DJI's total gain. In the past year, we have not found days like this to be bearish.
                            The A/D Line can lag for a day without mattering.  In fact, the Buy B18 is based on
                            exceptional NYSE breadth strength.


                           
What about earlier?  Has it been bearish in the past when the DJI closed
                            3.5% above the 21-day ma on a 1/2% advance with more up than down on the
                            NYSE?
 Since 1965, there were just four past instances where the DJI closed 3.2%
                            to 4% over the 21-day ma, rose by more than 0.4% from the previous day and there were
                            at least 150 more down than up on the NYSE. 3 of 4 were very near a tradable top.
                                    http://www.tigersoft.com/2XYZHHH/AD-Divergences.htm

                                       
 "The Ruling on the Field" (the Peerless Buy B21/B18) Stands
                                      
 (This is a reference to how US National Football handles coaches'
                                     challenges to the rulings by the games' referees.  It is, after all, almost Super Bowl time. )


                          
  The conclusion one might reach from this is that there is a 75% chance of a decline to the
                            lower band in the next two months. 
But without a regular Peerless Sell signal, I
                            would rather trust the extraordinary upward momentum and only suggest shorting
                            some of the
bearish MINCPs if you want to hedge.  Hold all the major market
                            ETFs. 
After all, the NYSE A/D Line is still in an uptrend; there are 10x more new highs
                            than new lows (Table 2); the key major market ETFs still show rising Closing Powers and
                            5-day moving averages (Table 1) and  40 of our sectors show more than 50% of their
                            stocks above their 65-dma as opposed to only 6 that bearishly show the opposite. 
                            I still think we are going to get some 500-point up-days or even a 1000-point up-day
                            to bring about a buying climax to this amazing bull market.

  Table A                    Peerless Buy B18s: 1929-2017

  Blue: Republican President in 2nd Year of Four Year Presidential Cycle
                              
Date           Signal     DJI         Gain          Paper Loss                  Low
----------------------------------------------------------------------------
19420804    B18     105.6        .348            none
19421015    B18     113.3        .257           113.1   <1%              10/28
19430219    B18     126.7        .124            none      0
19430420    B18     128.5        .108            none      0
19440103    B18     135.9        .207          134.2    -.013              2/7

19441016    B18     148.1        .107           145.6    -.017             11/14
19450214    B18     157.1        .044           155.5    -.010              3/23
19450511    B18     163.2        .005            none       0
19451011    B18     185.7        .073            none       0
19451213    B18     193.5        .029           189.1     -.023             12/21

19490829    B18     177.8        .241           none        0
19501013    B18     228.5        .134           222.3    -.027               12/2
19510110    B18     240.4        .078           none        0
19540318    B18     300.1        .561           296.4    -.012               3/25
19540802    B18     349.6        .340           335.8    -.039               8/31


19550110    B18     400.9        .168           388.2    -.032               1/17
19580801    B18     505.4        .287           502.7    -.005               8/18
19581003    B18     533.7        .218           none          0
19581203    B18     558.8        .164           none           0

19610201    B18     649.3        .08             637.00   -.019              2/13

19650315    B18     899.9        .043           887.8     -.013              3/29
19670303    B18     846.6        .032           842.43   -.005              4/10
19710128    B18     865.14      .084           none         0
19710329    B18     903.48      .038           none         0
19750305    B18     752.82      .149           742.88    -.013             4/07

19780512    B18     840.70      .031           none         0
19821201    B18   1031.09     .025            none         0
19830308    B18   1119.78     .111           1113.49    -.006             4/6
19851220    B18   1543.00     .183            none         0
19860303    B18   1696.67     .076           1686.30    -.006             3/4

19870310    B18   2280.09     .055            2248.44   -.014             3/16
19910326    B18   2914.85     .039            2873.02   -.014             4/9
19930317    B18   3426.74     .158            3370.81    -.016            4/2
19950303    B18   3989.61     .391            3979.23    -.003            3/8
19950525    B18   4412.23     .258            4369.00    -.010            5/26 
 
19950801    B18   4700.37     .181            4580.62    -.025            8/24
19961009    B18   5930.62     .156             none           0
19980317    B18   8749.99      .050            none           0
20020103    B18  10172.14   -.006            9618.24     -.054          1/29
20030514    B18   8647.82     .134             8491.36     -.018          5/20

20031217    B18   10145.26   .047             none           0
20041221    B18   10759.43   .014             none           0
20060111    B18   11043.44   .048             10667.3    -.034           1/20
20060315    B18   11209.77   .033             11073.7    -.012           4/17
20061005    B18   11866.69   .045             none           0


20061204    B18   12283.85   .009             none 0
20070518    B18   13556.53   .026             13266.7    -.021             6/7
20130201    B18   14009.79   .083             13784.1    -.016             2/15
20130502    B18   14831.58   .023              none 0
20140423    B18   16501.65   .029             16374.3    -.008             5/20
---------------------------------------------------------------------------
                  N=50    Avg.Gain =  +.122         Avg Paper Loss = .0097 
                                                            Charts 1/25/2018

                     
 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)

                               
1/25/2018   Bullish MAXCPs     Bearish MINCPs
Table 1         QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.
                    QUICKSILVER on ETFS - 01/25/18
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR     CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       263.75    1.18     260.54        68.7%   Bullish      BLUE   .348    ----
---------------------------------------------------------------------------------------------
COMPQX    7411.16   -3.9     7336.38       78%     Bullish      RED    .374    -.027
---------------------------------------------------------------------------------------------
SPY       283.3    .12       280.41        73.8%   Bullish      RED    .377    -.027
---------------------------------------------------------------------------------------------
QQQ       168.35   -.06      166.34        75.5%   Bullish      RED    .284    -.03
---------------------------------------------------------------------------------------------
MDY       360.93   -.25      359.6         69.9%   Bullish      RED    .153    -.039
---------------------------------------------------------------------------------------------
IWM       159.03    .06      158.6         78.4%   Bullish      RED    .17    -.04
---------------------------------------------------------------------------------------------
FAS       80.19   -.2        76.89         310.8%  Bullish      RED    .296     .229
---------------------------------------------------------------------------------------------
RETL      43.79   -.49      W43.84         262.4%  Bullish      RED    .374     .586
---------------------------------------------------------------------------------------------
SOXL      165.44   -9.08    W179.11       -365.2%   ----        RED    .197    -.073
---------------------------------------------------------------------------------------------
TECL      135.09   -.9       133.14        90.7%   Bullish      RED    .244     .1
---------------------------------------------------------------------------------------------
IBB       116.63    .73      112           234.5%  Bullish      BLUE   .225    -.004
---------------------------------------------------------------------------------------------
GLD       127.97   -.86      126.42        83.1%   Bullish      RED    .197    -.069
---------------------------------------------------------------------------------------------
OIL       7.29   -.13        7.05          146.4%  Bullish      RED    .21     .068
---------------------------------------------------------------------------------------------
OIH       28.67   -.27       28.49         76.2%   Bullish      RED    .322    -.013
---------------------------------------------------------------------------------------------
GASL      29.63   -1.38      28.29         161.9%  Bearish      RED    .111    -.002
---------------------------------------------------------------------------------------------
UGA       33.71   -.36       33.11         43.2%   Bullish      RED    .205    -.102
---------------------------------------------------------------------------------------------
UUP       23.31    .03      W23.65        -63.8%   ----         BLUE   .054    -.175
---------------------------------------------------------------------------------------------
IEF       104.08    .23      103.79        1%      Bullish      BLUE  -.056    -.142
---------------------------------------------------------------------------------------------
XLU      51.01    .78        49.99         86.7%   Bearish      BLUE  -.188    -.206
---------------------------------------------------------------------------------------------
WEAT      6.08    .01        5.97          75.1%   Bearish      RED    .141    -.158
---------------------------------------------------------------------------------------------
YINN      50.05   -2.03      48.12         428.6%  Bullish      ----   .327     .296
---------------------------------------------------------------------------------------------
RSX       23.8    .02        23.3          68%     Bullish      RED    .369    -.057
---------------------------------------------------------------------------------------------
AAPL      171.11   -3.11    W178.46       -230%    Bearish      RED   -.053    -.145
---------------------------------------------------------------------------------------------
GOOG      1170.37    6.13    1137.51       176.2%  Bullish      RED    .29     .013
---------------------------------------------------------------------------------------------
MSFT      92.33    .51       90            122.4%  Bullish      RED    .053    -.024
---------------------------------------------------------------------------------------------
AMZN      1377.95    20.44   1294.58       318.9%  Bullish      BLUE   .295     .099
---------------------------------------------------------------------------------------------
FB        187.48    .93      181.29        208.2%  Bullish      RED    .078    -.075
---------------------------------------------------------------------------------------------
NVDA     236.35    .55       230.11        256%    Bullish      RED    .185    -.032
---------------------------------------------------------------------------------------------
BA        343.11    8.42     337.73        43.7%   Bullish      BLUE   .146     .19
---------------------------------------------------------------------------------------------
GS        269.03    3.35     256.12        348.8%  ----         BLUE   .121    -.005
---------------------------------------------------------------------------------------------
HD        205.37   -.85      201.33        173.4%  Bullish      RED    .044     .126
---------------------------------------------------------------------------------------------
CAT        169.37    1.03   W170.41        15.9%   Bearish      RED    .141     .116
Table 2
                  Count of Stocks in Key Tiger Directories
                               Date = 180125

--------------------------------------
NEWHIGHS             450   10:1 ratio is bullish for market as a whole.
NEWLOWS               44

MAXCP                     96
MINCP                     134    Professionals are finding more new shorts than new longs.

TTTNH                       54
TTTNL                      281    Day traders are playing fades after strong openings.

FASTUP                   181    Short-term trend remains up.
FASTDOWN             79
  
Table 3
  
Count of Stocks and New Highs in Key Tiger Directories
Date = 180125
               No.           NHs           Pct.
-------------------------------------------------------------------
BIGMIL         6             4             67 %
BIGBANKS       7             4             57 %
DOWJONES       30            12            40 %
MILITARY       38            12            32 %
DJI-13         13            4             31 %
GAMING         28            8             29 %
SP-100         96            27            28 %
NIFTY          30            8             27 %
ETFS           66            18            27 %
MORNSTAR       238           54            23 %
CHINA          64            14            22 %
JETS           9             2             22 %
INDEXES        195           40            21 %
NASD-100       100           21            21 %
SP500          485           87            18 %
FINANCE        93            16            17 %
CHEM           64            10            16 %
RUS-1000       837           128           15 %
=====================================================
INDMATER       90            12            13 %
INSURANC       32            4             13 %
RETAIL         53            7             13 %
BIOTECH        387           40            10 %
COMODITY       70            7             10 %
OILGAS         141           12            9 %
AUTO           39            3             8 %
HACKERS        25            2             8 %
SOFTWARE       66            5             8 %
FOOD           15            1             7 %
GREEN          31            2             6 %
REGBANKS       33            2             6 %
HOMEBLDG       17            1             6 %
INFRA          35            2             6 %
TRANSP         20            1             5 %
UTILITY        43            2             5 %
BEVERAGE       20            1             5 %
COMPUTER       23            1             4 %
ELECTRON       178           5             3 %
GOLD           51            1             2 %
SEMI           130           1             1 %
====================================================
None:  
SOLAR  COAL  REIT  EDU  PIPELINE  BONDFUND HOSPITAL   
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/25/18
 Bullish = 40
 Bearish = 6  SEMICONDUCTORS slipped be low 50% today.
---------------------------------------------------------------------------------------
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          .954          .954          .954          .969          .954 
SP-100         .927          .927          .937          .947          .947          .937 
DJI-13         .923          1             1             1             1             1 
INDEXES        .923          .928          .902          .902          .897          .902 
INFRA          .914          .885          .942          .885          .885          .914 
MORNSTAR       .911          .92           .928          .915          .924          .903 
COAL           .9            .9            .8            .8            .8            .9 
DOWJONES       .9            .933          .933          .966          .966          .966 
HOSPITAL       .875          .875          .875          .875          .875          .875 
AUTO           .871          .871          .871          .923          .897          .897 
RETAIL         .867          .867          .867          .867          .886          .811 
NASD-100       .86           .86           .89           .87           .87           .87 
GAMING         .857          .821          .821          .857          .821          .857 
INDMATER       .855          .855          .844          .833          .822          .777 
FINANCE        .849          .849          .903          .881          .903          .881 
SP500          .841          .83           .837          .832          .814          .802 
GOLD           .803          .901          .862          .862          .843          .803 
RUS-1000       .802          .799          .806          .798          .782          .762 
BEVERAGE       .8            .8            .8            .85           .8            .7 
TRANSP         .8            .9            .95           .9            .9            .9 
OILGAS         .794          .808          .815          .815          .808          .794 
MILITARY       .789          .736          .736          .789          .842          .842 
CHINA          .781          .781          .796          .796          .796          .765 
NIFTY          .766          .833          .866          .866          .866          .866 
REGBANKS       .757          .787          .848          .909          .939          .787 
INSURANC       .75           .687          .718          .656          .625          .562 
COMODITY       .742          .757          .7            .7            .685          .7 
SOFTWARE       .742          .757          .818          .787          .803          .757 
COMPUTER       .739          .782          .826          .826          .826          .782 
HACKERS        .72           .72           .68           .72           .72           .68 
EDU            .714          .714          .714          .714          .714          .571 
PIPELINE       .714          .714          .714          .714          .714          .714 
BIOTECH        .682          .653          .697          .671          .622          .586 
CHEM           .671          .687          .687          .671          .703          .64 
JETS           .666          .777          .888          .777          .777          .777 
HOMEBLDG       .647          .882          .882          .882          .823          .823 
GREEN          .58           .645          .677          .741          .774          .774 
ELECTRON       .505          .595          .657          .64           .696          .651 
=============================================================================================
SEMI           .461          .569          .6            .623          .669          .653 
FOOD           .4            .466          .333          .266          .2            .266 
SOLAR          .333          .38           .38           .428          .476          .428 
REIT           .231          .225          .248          .163          .152          .118 
UTILITY        .209          .162          .139          .116          .093          .093 
BONDFUND       .081          .081          .099          .081          .063          .072 



==============================================================================
         1/24/2018    
The DJI's runaway rise finally produced a "continuation" Buy B18 to confirm
                              the importance of the current advance, just in case we had not noticed.  The good
                              news here is that Buy B18s in the second year of a 4-year Presidential cycle
                              are particularly bullish.  They average an additional gain of 15% on the DJI.

                              The Buy B18's rules are simple.  They occur when the P-Indicator has been positive
                              for 41 straight days.  The OBVPct must be at least +.152 and the V-I must be above
                              +7.  They also cannot easily occur in the Summer months.
 
                              The Buy B18 gives us a chance now to see what might happen next if market history
                              approximately repeats.  If we only look at the 7 cases since 2000, then we find that the
                              average additional gain after the  B18 was only 4.5% on the DJI at the time of the next
                              Peerless Sell. For all 50 cases, the average additional gain is roughly
+12%.  (I will
                              re-compute this tomorrow night).  The biggest paper loss since 2000 was only 2.1%. 
                              If we consider all 50 cases, we see that the earlier B18s were quite powerful.  The first 6,
                              up until 1944, all gained more than 10%.  So, perhaps a look not at the average gains
                              for the whole period but at the biggest losses will show us something of the risk now,
                              such as it is.  The paper losses were 2.6% or less in 45 of the 50 earlier B18s, 90%
                              of the time.  The biggest paper loss was 5.4% on 1/3/2002.  The next biggest loss was
                              3.4% on 1/11/2006.  So, we should consider any retreat to the 21-day ma from here to be
                              a buying opportunity. (More on the  B18 tomorrow night. See the earlier research I did
                              on this signal here:  http://www.tigersoft.com/2018/Buy-B18.html )


                             
Of course, there may not even be such a decline.  The red candle-sticks (Table 1 below)
                              may not be meaningful.  All the major market ETFs show rising Closing Powers
                              and 5-day moving averages and we still have not had a 500-point or a 1000-point
                              up-day to draw in all on-lookers and produce a buying climax.

                                            
 Dollar Is Being Sent Downward by Trump Administration.
                                              A Test of Its Long Term Support at 21 Seems Likely..


                             
Today brought a sharp decline in the Dollar, which made a three year low.  As a
                              result, Crude Oil, Gold and Silver rose while REITS, Utilities and Bonds were
                              again weak.   Trump's policies will bring Inflation and higher Interest Rates sooner
                              than we would have expected two years ago.  But we won't worry for the market
                              until interest rates rise considerably over 3% .  That will be the time to worry.  Until
                              then, a policy to deliberately weaken Dollar invites traders to buy growth stocks and
                              foreign ETFs while shorting the Dollar.  

                              Avoid weakening dividend plays.  Altogether, 42 of the 46 sectors we follow in Table 4
                              have the majority of their stocks bullishly positioned above their 65-dma.  This is a
                              very broad advance.




                                 

                            
 There is a reason that Treasury Secretaries never openly call for a weaker Dollar.
                              It makes it very hard to finance more national Debt and encourages Inflation.
                              But that is what Treasury Secretary Mnuchin did today.  We are already short the Dollar.
                              Now traders will see there is little upside risk in shorting it.  This will also boost Crude Oil,
                              which should be bought. Gold and Silver should go higher, but they have a lot more
                              overhead resistance. 
When Inflation really takes hold, stocks will be much preferred over
                              bonds.  Low priced stocks should go wild, as they did in 1968.  But rather than buying US
                              stocks, many investors will buy growth stocks in overseas markets, particularly China.
                              See  https://www.cnbc.com/2018/01/24/mnuchin-comment-surprises-financial-markets-turns-dollar-decline-into-one-way-bet.html



                                                       
 

                                            Past Buy B18s. 1929-2018
Date           Signal     DJI         Gain          Paper Loss                  Low
----------------------------------------------------------------------------
19420804    B18     105.6        .348            none
19421015    B18     113.3        .257           113.1   <1%              10/28
19430219    B18     126.7        .124            none      0
19430420    B18     128.5        .108            none      0
19440103    B18     135.9        .207          134.2    -.013              2/7

19441016    B18     148.1        .107           145.6    -.017             11/14
19450214    B18     157.1        .044           155.5    -.010              3/23
19450511    B18     163.2        .005            none       0
19451011    B18     185.7        .073            none       0
19451213    B18     193.5        .029           189.1     -.023             12/21

19490829    B18     177.8        .241           none        0
19501013    B18     228.5        .134           222.3    -.027               12/2
19510110    B18     240.4        .078           none        0
19540318    B18     300.1        .561           296.4    -.012               3/25
19540802    B18     349.6        .340           335.8    -.039               8/31

19550110    B18     400.9        .168           388.2    -.032               1/17
19580801    B18     505.4        .287           502.7    -.005               8/18
19581003    B18     533.7        .218           none          0
19581203    B18     558.8        .164           none           0
19610201    B18     649.3        .08             637.00   -.019              2/13

19650315    B18     899.9        .043           887.8     -.013              3/29
19670303    B18     846.6        .032           842.43   -.005              4/10
19710128    B18     865.14      .084           none         0
19710329    B18     903.48      .038           none         0
19750305    B18     752.82      .149           742.88    -.013             4/07

19780512    B18     840.70      .031           none         0
19821201    B18   1031.09     .025            none         0
19830308    B18   1119.78     .111           1113.49    -.006             4/6
19851220    B18   1543.00     .183            none         0
19860303    B18   1696.67     .076           1686.30    -.006             3/4

19870310    B18   2280.09     .055            2248.44   -.014             3/16
19910326    B18   2914.85     .039            2873.02   -.014             4/9
19930317    B18   3426.74     .158            3370.81    -.016            4/2
19950303    B18   3989.61     .391            3979.23    -.003            3/8
19950525    B18   4412.23     .258            4369.00    -.010            5/26 
 
19950801    B18   4700.37     .181            4580.62    -.025            8/24
19961009    B18   5930.62     .156             none           0
19980317    B18   8749.99      .050            none           0
20020103    B18  10172.14   -.006            9618.24     -.054          1/29
20030514    B18   8647.82     .134             8491.36     -.018          5/20

20031217    B18   10145.26   .047             none           0
20041221    B18   10759.43   .014             none           0
20060111    B18   11043.44   .048             10667.3    -.034           1/20
20060315    B18   11209.77   .033             11073.7    -.012           4/17
20061005    B18   11866.69   .045             none           0

20061204    B18   12283.85   .009             none 0
20070518    B18   13556.53   .026             13266.7    -.021             6/7
20130201    B18   14009.79   .083             13784.1    -.016             2/15
20130502    B18   14831.58   .023              none 0
20140423    B18   16501.65   .029             16374.3    -.008             5/20
---------------------------------------------------------------------------
                  N=50    Avg.Gain =  +.122         Avg Paper Loss = .0097 
 
                                                            Charts 1/24/2018

                     
 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)

                               
1/24/2018   Bullish MAXCPs     Bearish MINCPs
Table 1         QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.

                   
                              QUICKSILVER on ETFS - 01/24/18
 
ETF      CLOSE   CHANGE     PIVOT-PT  5-dma AROC   CL-PWR       CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       262.57    .7       260.16        28.5%   Bullish      RED    .348    -----
---------------------------------------------------------------------------------------------
COMPQX    7415.06   -45.23   7296.05       79.3%   Bullish      RED     .424    -.02
---------------------------------------------------------------------------------------------
SPY       283.18   -.11      279.14        63.5%   Bullish      RED     .408    -.022
---------------------------------------------------------------------------------------------
QQQ       168.41   -1.1      165.82        78.4%   Bullish      RED     .333    -.023
---------------------------------------------------------------------------------------------
MDY       361.18   -.92      355.9         56.5%   Bullish      RED     .18    -.032
---------------------------------------------------------------------------------------------
IWM       158.97   -.99      156.54        42.6%   Bullish      RED     .186    -.035
---------------------------------------------------------------------------------------------
FAS       80.39    .91       75.33         291.8%  Bullish      BLUE   .315     .231
---------------------------------------------------------------------------------------------
RETL      44.28   -.98       41.48         373.5%  Bullish      RED     .411     .673
---------------------------------------------------------------------------------------------
SOXL      174.52   -12.9    W178.63       -44.2%   Bullish      RED     .308     .012
---------------------------------------------------------------------------------------------
TECL      135.99   -3.24     132.63        149.5%  Bullish      RED    .3       .113
---------------------------------------------------------------------------------------------
IBB       115.9   -.91       111.27        198%    Bullish      RED    .217    -.001
---------------------------------------------------------------------------------------------
GLD       128.83    1.55     125.86        106.3%  Bullish      BLUE   .259    -.064
---------------------------------------------------------------------------------------------
OIL       7.42    .2         7.08          232.3%  Bullish      BLUE   .275     .092
---------------------------------------------------------------------------------------------
OIH       28.94   -.38       28.23         43.4%   Bullish      RED    .346    -.006
---------------------------------------------------------------------------------------------
GASL      31.01   -.27       28.66         193.4%   ----        RED      .138     .053
---------------------------------------------------------------------------------------------
UGA       34.07    .17       33.42         136.2%  Bullish      BLUE   .224    -.076
---------------------------------------------------------------------------------------------
UUP       23.28   -.23      W23.61        -76.3%   Bearish      ----  -.072    -.171
---------------------------------------------------------------------------------------------
IEF       103.85   -.2      W104.06       -26%     Bearish      ----  -.101    -.142
---------------------------------------------------------------------------------------------
XLU      50.23   -.31        50.14        -22.9%   Bearish      RED   -.283    -.218
---------------------------------------------------------------------------------------------
WEAT      6.07    .13        5.99          100.5%   ----        BLUE   .193    -.147
---------------------------------------------------------------------------------------------
YINN      52.08    .82       45.83         745.7%  Bullish      RED    .375     .387
---------------------------------------------------------------------------------------------
RSX       23.78    .2        23.48         130.3%  Bullish      BLUE   .439    -.057
---------------------------------------------------------------------------------------------
AAPL      174.22   -2.82    W179.26       -136.9%  ----         RED    .002    -.128
---------------------------------------------------------------------------------------------
GOOG      1164.24   -5.73    1129.79       140.9%  Bullish      RED    .267     .01
---------------------------------------------------------------------------------------------
MSFT      91.82   -.08       90.1          92.6%   Bullish      RED    .096    -.027
---------------------------------------------------------------------------------------------
AMZN      1357.51   -5.03    1293.32       237.8%  Bullish      RED    .232     .084
---------------------------------------------------------------------------------------------
FB        186.55   -2.8      179.8         245%    Bullish      RED    .095    -.078
---------------------------------------------------------------------------------------------
NVDA     235.8   -3.11       224.44        240.5%  Bullish      RED    .247     .03
---------------------------------------------------------------------------------------------
BA        334.69   -.9       340.16       -239.6%  Bullish      RED    .114     .155
---------------------------------------------------------------------------------------------
GS        265.68    5.59     250.97        234.5%  ----         BLUE   .08    -.015
---------------------------------------------------------------------------------------------
HD        206.22    1.32     198.33        158.6%  Bullish      BLUE   .06     .144
---------------------------------------------------------------------------------------------
CAT        168.34   -1.09    168.83       -4.7%    Bearish      RED    .134     .125
Table 2
                Count of Stocks in Key Tiger Directories
                             Date = 180124
                             ----------------------------------------
NEWHIGHS             545
NEWLOWS               41

MAXCP                   128
MINCP                    105

TTTNH                      79
TTTNL                     184

FASTUP                   157
FASTDOWN             66


CPCROSSA              52
CPCROSSD            191

BIGVOLUP                 8
BIGVODN                 17

 
Table 3
             Count of New Highs by Sector
                   Date = 180124
               No.          NHs            Pct
-------------------------------------------------------------------
BIGBANKS       7             5             71 %
ETFS           66            45            68 %
COMODITY       70            28            40 %
BIGMIL         6             2             33 %
CHINA          64            20            31 %
DOWJONES       30            9             30 %
MORNSTAR       238           61            26 %
DJI-13         13            3             23 %
INDEXES        195           40            21 %
SP-100         96            19            20 %
SP500          485           96            20 %
TRANSP         20            4             20 %
FINANCE        93            17            18 %
MILITARY       38            6             16 %
NASD-100       100           16            16 %
GOLD           51            8             16 %
REGBANKS       33            5             15 %
AUTO           40            6             15 %
RUS-1000       837           127           15 %
====================================================
GAMING         28            4             14 %
NIFTY          30            4             13 %
INSURANC       32            4             13 %
HOMEBLDG       17            2             12 %
INDMATER       90            11            12 %
OILGAS         141           17            12 %
RETAIL         53            6             11 %
JETS           9             1             11 %
BEVERAGE       20            2             10 %
INFRA          35            3             9 %
COMPUTER       25            2             8 %
BIOTECH        386           27            7 %
FOOD           15            1             7 %
GREEN          31            2             6 %
CHEM           64            4             6 %
UTILITY        43            2             5 %
HACKERS        25            1             4 %
ELECTRON       178           6             3 %
SOFTWARE       66            2             3 %
SEMI           130           3             2 %
REIT           176           1             1 %
BONDFUND       111           1             1 %
=========================================================
None: SOLAR    COAL    EDU    PIPELINE   HOSPITAL   
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/24/18
 Bullish = 41
 Bearish = 5
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             1             1             1             1             .857 
BIGMIL         1             1             1             1             1             1 
DJI-13         1             1             1             1             1             1 
ETFS           .954          .954          .954          .969          .954          .954 
DOWJONES       .933          .933          .966          .966          .966          .933 
INDEXES        .928          .902          .902          .897          .902          .907 
SP-100         .927          .937          .947          .947          .937          .906 
MORNSTAR       .92           .928          .915          .924          .903          .915 
GOLD           .901          .862          .862          .843          .764          .882 
COAL           .9            .8            .8            .8            .8            .8 
TRANSP         .9            .95           .9            .9            .9            .95 
INFRA          .885          .942          .885          .885          .914          .914 
HOMEBLDG       .882          .882          .882          .823          .823          .823 
AUTO           .875          .875          .925          .9            .9            .875 
HOSPITAL       .875          .875          .875          .875          .875          .875 
RETAIL         .867          .867          .867          .886          .83           .811 
NASD-100       .86           .89           .87           .87           .87           .86 
INDMATER       .855          .844          .833          .822          .777          .811 
FINANCE        .849          .903          .881          .903          .881          .924 
NIFTY          .833          .866          .866          .866          .866          .833 
SP500          .83           .837          .832          .814          .802          .812 
GAMING         .821          .821          .857          .821          .857          .821 
OILGAS         .808          .815          .815          .808          .787          .843 
BEVERAGE       .8            .8            .85           .8            .7            .75 
COMPUTER       .8            .8            .8            .8            .76           .84 
RUS-1000       .799          .806          .798          .782          .762          .772 
REGBANKS       .787          .848          .909          .939          .787          .787 
CHINA          .781          .796          .796          .796          .765          .812 
JETS           .777          .888          .777          .777          .777          .888 
COMODITY       .757          .7            .7            .685          .7            .714 
SOFTWARE       .757          .818          .787          .803          .757          .757 
MILITARY       .736          .736          .789          .842          .842          .842 
HACKERS        .72           .68           .72           .72           .68           .72 
EDU            .714          .714          .714          .714          .571          .571 
PIPELINE       .714          .714          .714          .714          .714          .714 
CHEM           .687          .687          .671          .703          .64           .718 
INSURANC       .687          .718          .656          .625          .562          .625 
BIOTECH        .655          .699          .673          .624          .585          .603 
GREEN          .645          .677          .741          .774          .774          .741 
ELECTRON       .595          .657          .64           .696          .657          .691 
SEMI           .569          .6            .623          .669          .653          .661 
==========================================================================================
FOOD           .466          .333          .266          .2            .266          .266 
SOLAR          .38           .38           .428          .476          .428          .571 
REIT           .227          .25           .164          .153          .119          .17 
UTILITY        .162          .139          .116          .093          .093          .093 
BONDFUND       .081          .099          .081          .063          .072          .099 

 



===============================================================================
          1/23/2018   
The September Peerless Buy B21 still operates and predicts higher prices.
                             
The tech ETFs (TECL, SOXL and QQQ) are soaring above all resistance.
                              All the major ETF show rising Closing Powers and rising 5-dma.  Don't sell
                              these or DIA and SPY.  It looks like they could go much higher.

                              Trump's economic policies are very much responsible, as hard as it is for
                              some commentators to admit it.  Of course, Obama's policies set the stage
                              for this runaway market, too and the developing world-wide Bull Market
                              should sustain our bull market, barring a trade war.  Chinese ETFs are leading
                              this advance and YINN is the best of them.
  Buy YINN.

       
 The Size of China's Retail Market Has Just Overtaken The US's 

For example, 24 million cars were sold in China while 17 millions were sold in the US.  China's
rapid growth rate ensures that this trend will almost certainly continue.  Global investors should
be considering Chinese stocks and ETFs now.  3x leveraged YINN is the simplest way to play
boom. It is headed back to 65 short-term.  It is the strongest performing ETF now by a wide margin,



A world-wide economic boom is taking place now.  YINN seems to me the best way to play it.
YINN is immediately headed back to its highs near 60.  With the Dollar declining, YINN has even
more appeal.  I think it will breakout past that 60-resistance.  At that point, we may well see an even
wider and more speculative advance in Chinese stocks. 

Over the last ten years, the per capital average income in China has risen from $2000 to $8000.  
Average real wages here have stagnated despite the boom in the stock market.  This is not a story
that the American mass media talks much about, but it is a story that the now falling US Dollar attests to.

                                    There is a world economic boom taking place.


                    Pct Change Ranking of Foreign ETFs
C:\etfs       Days back= 190 
 4 / 20 / 2017 - 1 / 22 / 2018 
Rank          Symbol        Name                    Price          Pct.Gain
===========================================================================  
 1            YINN          Direx. China Bull 3X    48.88          153%  
 2            LBJ           Direx.Latin Amer Bull3X 40.71          53% 
 3            EWO           iShares MSCI Austria    27.21          48% 
 4            GXC           SPDR S&P China ETF     120.9           46%
 5            EMQQ          Emerging Mark. Internet 41.94          45% 
 6            GREK          Greece 20 ETF           11.3           42%
 7            MSCI          MSCI` Inc.             140.1           42%
 8            CHN           China Fund Inc          24.16          41% 
 9            PGJ           Golden Dragon China     48.84          40%  
 10           CAF           Morgan Stanley China    27.17          39% 
 11           FXI           FTSE/Xinhua China 25    53.03          39% 
 12           BRZU          Direx. Brazil Bull 3X   50.14          37%  
 13           EWI           iShares Italy ETF       33.99          36%   
 14           IXN           iShare S&P Global Tech 166.52          34% 
 ...
 66           UUP           PowerShares US Dollar   23.51          -9% 
       Price Channel Breakout is confirmed by Closing Power and high IP21
 
                                             Charts 1/23/2018

                     
 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)

                               
1/23/2018   Bullish MAXCPs     Bearish MINCPs
Table 1
                     QUICKSILVER on ETFS - 01/23/18
 
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR      CANDLE  IP21    ITRS
---------------------------------------------------------------------------------------------
DIA       261.87   -.11      261.08        78%      Bullish      ----   .339    -----
---------------------------------------------------------------------------------------------
COMPQX    7460.29    52.26   7298.28       161.8%   Bullish      BLUE   .413    -.013
---------------------------------------------------------------------------------------------
SPY       283.29    .6       279.61        113%     Bullish      BLUE   .411    -.019
---------------------------------------------------------------------------------------------
QQQ       169.51    1.39     165.79        165.3%   Bullish      BLUE   .361    -.015
---------------------------------------------------------------------------------------------
MDY       362.1    .65       357.12        105.8%   Bullish      BLUE   .186    -.028
---------------------------------------------------------------------------------------------
IWM       159.96    .51      157.62        121.1%   Bullish      BLUE   .205    -.025
---------------------------------------------------------------------------------------------
FAS       79.48    .69       75.88         355.7%   Bullish      BLUE   .294     .212
---------------------------------------------------------------------------------------------
RETL      45.26    .03       41.04         621.5%   Bullish      RED    .42     .809
---------------------------------------------------------------------------------------------
SOXL      187.42    4.16     176.12        717.9%   Bullish      BLUE   .343     .029
---------------------------------------------------------------------------------------------
TECL      139.23    2.21     131.96        490.2%   Bullish      BLUE   .355     .12
---------------------------------------------------------------------------------------------
IBB       116.81    1.29     111.41        276.8%   Bullish      BLUE   .234     .008
---------------------------------------------------------------------------------------------
GLD       127.28    .63      126.14        4.3%     Bullish      BLUE   .269    -.066
---------------------------------------------------------------------------------------------
OIL       7.22      .14      7.09          98.9%    Bullish      BLUE   .259     .073
---------------------------------------------------------------------------------------------
OIH       29.32   -.05       28.69         141.3%   Bullish      RED    .413     .021
---------------------------------------------------------------------------------------------
GASL      31.28    .74       29.86         299.6%   Bullish      BLUE   .206     .116
---------------------------------------------------------------------------------------------
UGA       33.9    .46        33.16         165.7%   Bullish      BLUE   .165    -.08
---------------------------------------------------------------------------------------------
UUP       23.51   -.06      W23.64        -14.8%    Bearish      ----  -.111    -.159
---------------------------------------------------------------------------------------------
IEF       104.05    .3      W104.39       -27.4%    Bearish      BLUE  -.073    -.134
---------------------------------------------------------------------------------------------
XLU      50.54    .48        50.46         38.9%    Bearish      BLUE  -.26    -.205
---------------------------------------------------------------------------------------------
WEAT      5.94   -.05       W5.95          50.4%    Bearish      RED    .149    -.163
---------------------------------------------------------------------------------------------
YINN      51.26    2.38      44.95         946.5%   Bullish      BLUE   .444     .374
---------------------------------------------------------------------------------------------
RSX       23.58    .04       23.17         172%     Bullish      BLUE   .417    -.06
---------------------------------------------------------------------------------------------
AAPL      177.04    .04     W179.1         23.9%    Bullish      RED    .049    -.108
---------------------------------------------------------------------------------------------
GOOG      1169.97    14.16   1131.98       212.3%   Bullish      BLUE   .288     .013
---------------------------------------------------------------------------------------------
MSFT      91.9    .29        90.14         197.1%   Bullish      ----   .125    -.025
---------------------------------------------------------------------------------------------
AMZN      1362.54    35.23   1295          221.3%   Bullish      BLUE   .273     .091
---------------------------------------------------------------------------------------------
FB        189.35    3.98     177.6         303.6%   Bullish      BLUE   .14    -.058
---------------------------------------------------------------------------------------------
NVDA     238.91    5.22      224.72        414.8%   Bullish      BLUE   .253     .03
---------------------------------------------------------------------------------------------
BA        335.59   -2.41    W351.01        6.3%     Bullish      RED    .114     .151
---------------------------------------------------------------------------------------------
GS        260.09   -1.43     253.65        31.8%    Bearish      BLUE   .051    -.034
---------------------------------------------------------------------------------------------
HD        204.9    .44       199.82        214.7%   Bullish      ----   .039     .137
---------------------------------------------------------------------------------------------
CAT        169.43   -1.46    168.5         3.5%     ----         RED    .232     .122


 

Table 2
Count of Stocks in Key Screened Tiger Directories
                                      01/22

------------------------------------------------------------------------------------------------
NEWHIGHS     731        865
NEWLOWS       37         51

MAXCP            263       289
MINCP               64        70

TTTNH             122        130
TTTNL              107       114

FASTUP           226       135
FASTDOWN     53         99

CPCROSSA     207       138
CPCROSSD       60         57

BIGVOLUP         6           5
BIGVODN         11         10 
 
Table 3
 
New Highs' Count for Tiger Directories 
Date = 180123
               No.           NHs           Pct.
-------------------------------------------------------------------
ETFS           66            41            62 %
INDEXES        195           82            42 %
NIFTY          30            12            40 %
DOWJONES       30            10            33 %
DJI-13         13            4             31 %
MORNSTAR       238           71            30 %
NASD-100       100           30            30 %
CHINA          64            16            25 %
HOMEBLDG       17            4             24 %
SOFTWARE       66            16            24 %
COMODITY       70            17            24 %
FINANCE        93            21            23 %
COMPUTER       23            5             22 %
BEVERAGE       20            4             20 %
SP500          485           93            19 %
RETAIL         53            10            19 %
GAMING         28            5             18 %
SP-100         96            16            17 %
RUS-1000       837           145           17 %
BIOTECH        387           57            15 %
===================================================
EDU            7             1             14 %
INSURANC       32            4             13 %
REGBANKS       33            4             12 %
SEMI           130           13            10 %
TRANSP         20            2             10 %
OILGAS         141           13            9 %
ELECTRON       178           15            8 %
HACKERS        25            2             8 %
AUTO           40            3             7 %
FOOD           15            1             7 %
INFRA          35            2             6 %
MILITARY       38            2             5 %
SOLAR          21            1             5 %
GOLD           51            2             4 %
GREEN          31            1             3 %
CHEM           64            2             3 %
INDMATER       90            3             3 %
REIT           178           4             2 %
BONDFUND       111           1             1 %
==================================================
None: BIGBANKS  BIGMIL COAL UTILITY  PIPELINE  HOSPITAL   JETS   
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/23/18
Bullish = 42
Bearish = 4
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             1             1             1             .857          .857 
BIGMIL         1             1             1             1             1             1 
DJI-13         1             1             1             1             1             1 
ETFS           .954          .954          .969          .954          .954          .939 
TRANSP         .95           .9            .9            .9            .95           .95 
INFRA          .942          .885          .885          .914          .914          .914 
SP-100         .937          .947          .947          .937          .906          .895 
DOWJONES       .933          .966          .966          .966          .966          .933 
MORNSTAR       .928          .915          .924          .903          .915          .903 
FINANCE        .903          .881          .903          .881          .924          .881 
INDEXES        .902          .902          .897          .902          .907          .917 
NASD-100       .89           .87           .87           .87           .87           .83 
JETS           .888          .777          .777          .777          .888          .888 
HOMEBLDG       .882          .882          .823          .823          .823          .764 
AUTO           .875          .925          .9            .9            .875          .9 
HOSPITAL       .875          .875          .875          .875          .875          .75 
RETAIL         .867          .867          .886          .83           .811          .83 
NIFTY          .866          .866          .866          .866          .833          .766 
GOLD           .862          .862          .843          .764          .882          .882 
REGBANKS       .848          .909          .939          .787          .787          .757 
INDMATER       .844          .833          .822          .777          .8            .811 
SP500          .837          .832          .814          .802          .812          .795 
COMPUTER       .826          .826          .826          .782          .869          .869 
GAMING         .821          .857          .821          .857          .857          .857 
SOFTWARE       .818          .787          .803          .757          .757          .742 
OILGAS         .815          .815          .808          .787          .836          .822 
RUS-1000       .806          .798          .782          .762          .77           .75 
BEVERAGE       .8            .85           .8            .7            .75           .7 
COAL           .8            .8            .8            .8            .8            .8 
CHINA          .796          .796          .796          .765          .828          .812 
MILITARY       .736          .789          .842          .842          .842          .815 
INSURANC       .718          .656          .625          .562          .625          .531 
EDU            .714          .714          .714          .571          .571          .571 
PIPELINE       .714          .714          .714          .714          .714          .714 
COMODITY       .7            .7            .685          .7            .714          .685 
BIOTECH        .697          .671          .622          .583          .599          .583 
CHEM           .687          .671          .703          .64           .703          .687 
HACKERS        .68           .72           .72           .68           .68           .76 
GREEN          .677          .741          .774          .774          .741          .709 
ELECTRON       .657          .64           .696          .657          .696          .584 
SEMI           .6            .623          .669          .653          .669          .523 
===========================================================================================
SOLAR          .38           .428          .476          .428          .571          .523 
FOOD           .333          .266          .2            .266          .266          .133 
REIT           .252          .168          .157          .123          .174          .14 
UTILITY        .139          .116          .093          .093          .093          .116 
BONDFUND       .099          .081          .063          .072          .09           .108 


==============================================================================
                   1/22/2018   
The September Peerless Buy B21 still operates and predicts higher prices.




                                      
The major ETFs all show bullish (blue) Quicksilver components.  The rally
                                       should continue into February and quite possibly much longer unless
                                       Trump's announcements of tariffs today quickly starts a TRADE WAR.
                                       That could happen, but not overnight.  So, the bull market should be
                                       able to ride out whatever turbulence the White House brings into the
                                       picture.  However, the Planet is not happy.  A very big earthquake is
                                       reported in Alaska.  I fear the "big one" is getting closer.
                                       ( https://www.washingtonpost.com/business/economy/trump-tariffs-will-save-some-solar-jobs-and-destroy-others/2018/01/22/756feb60-fca2-11e7-8f66-2df0b94bb98a_story.html?utm_term=.563dc68816e2 )
.
                                       The big Techs are the leaders once again.  Look at TECL and TQQQ
                                       A number of speculative biotechs are making new highs with confirming
                                       Closing Power and IP21s.  See the Bullish MAXCPs for ideas in this vein. 

                                       Otherwise, I would buy GOOG.    Its smart phones are competitively priced
                                       and the new models it showed at the Las Vegas COMDEX have many special
                                       features, including voice recognition, that allow automated search of GOOGLE
                                       and YOUTUBE.  See:

                                       https://finance.yahoo.com/news/google-determined-crush-amazons-alexa-2018-010022288.html 

                                      
Today, the Democrats "caved".  As if to prove that they really are the
                                       "Party of Big Government", they just could not bring themselves to prolong a
                                       government shut-down.  After the ends of each of the past shut-downs (January 1986,
                                       Fall of 2011 and February 2013, the markets always rose.  And so it did today. 
                                       Now what?  For how long?


                                      
The DJI's accelerating uptrend most closely resembles the markets of 1915
                                       when the US very profitably exported vast amount of war materials to Britain
                                       and France and 1954-1955 when Eisenhower launched the Interstate Highway's
                                       Infrastructure federal spending. In both cases, the DJI showed a hyperbolic
                                       rise on a standard (arithmetically scaled) DJI chart.  After the parabolic uptrend-line
                                       was broken the 1915 bull market went into a sidewise 13% deep corrective phase
                                       until August 1916 when it took off again and made its final new highs when President
                                       Wilson was re-elected.  What stopped the 1915 hyperbolic uptrend was Inflation,
                                       tighter money and fears that the US would be drawn into the actual fighting of World
                                       War I.
                                     
                                        The Eisenhower bull market, 1952-1957 had three 10% corrections before
                                        inflation fears and higher interest rates finally stopped it in July 1957.  So, it's a
                                        good bet that inflation will cause the much higher interest rates and the end of the
                                        Trump Bull Market.  It will not just be that labor costs will become higher.
                                        It will be also be because of tariffs, higher oil prices and raw materials'
                                        shortages which will be the result of world wide economic growth, which is
                                        presaged now by the bullish trends in foreign ETFs. 

 1915
1915-1916
1954-1955
1955
                                                    Charts 1/22/2018

                     
 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)

                               
1/22/2018   Bullish MAXCPs     Bearish MINCPs
 
Table 1
                     QUICKSILVER on ETFS - 01/22/18
 
ETF      CLOSE   CHANGE     PIVOT-PT    5-dma AROC  CL-PWR      CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       261.98    1.44     257.81        78.4%    Bullish      BLUE   .317    -----
---------------------------------------------------------------------------------------------
COMPQX    7408.03  71.65     7223.69       100.9%   Bullish      BLUE   .336    -.018
---------------------------------------------------------------------------------------------
SPY       282.69    2.28     276.97        85.5%    Bullish      BLUE   .362    -.02
---------------------------------------------------------------------------------------------
QQQ       168.12    1.78     164.02        109.8%   Bullish      BLUE   .311    -.02
---------------------------------------------------------------------------------------------
MDY       361.45    1.85     354.53        59.5%    Bullish      BLUE   .177    -.028
---------------------------------------------------------------------------------------------
IWM       159.45    .85      156.14        41%      Bullish      BLUE   .179    -.028
---------------------------------------------------------------------------------------------
FAS       78.79    1.9       74.06         284.1%   Bullish      BLUE   .209     .191
---------------------------------------------------------------------------------------------
RETL      45.23    1.39      40            305%     Bullish      BLUE   .386     .818
---------------------------------------------------------------------------------------------
SOXL      183.26    4.15     162.17        665.8%   Bullish      BLUE   .313     .014
---------------------------------------------------------------------------------------------
TECL      137.02    3.88     126.27        356%     Bullish      BLUE   .331     .119
---------------------------------------------------------------------------------------------
IBB       115.52    3.52     110.6         158.8%   Bullish      BLUE   .22    -.009
---------------------------------------------------------------------------------------------
GLD       126.65    .23     W127.17       -12.3%    Bullish      BLUE   .243    -.068
---------------------------------------------------------------------------------------------
OIL       7.08    .03       *7.08         -49.4%    Bullish      BLUE   .256     .038
---------------------------------------------------------------------------------------------
OIH       29.37    .88       28.51         34.9%    Bullish      BLUE   .439     .022
---------------------------------------------------------------------------------------------
GASL      30.54    2.25      29.52        -71.3%    Bullish      BLUE   .227     .053
---------------------------------------------------------------------------------------------
UGA       33.44    .33       32.8          78.6%    Bullish      BLUE   .169    -.092
---------------------------------------------------------------------------------------------
UUP       23.57   -.08      W23.58        -29.6%    Bearish      ----  -.099    -.157
---------------------------------------------------------------------------------------------
IEF       103.75   -.04     W104.62       -39.3%    Bearish      RED   -.114    -.139
---------------------------------------------------------------------------------------------
XLU      50.06    .07       W50.15        -19.9%    Bearish      RED   -.318    -.213
---------------------------------------------------------------------------------------------
WEAT      5.99    .02        5.88          58.9%    ----         ----   .195    -.161
---------------------------------------------------------------------------------------------
YINN      48.88    .76       42.54         704.2%   Bullish      BLUE   .364     .312
---------------------------------------------------------------------------------------------
RSX       23.54    .24       22.78         49.6%    Bullish      BLUE   .385    -.054
---------------------------------------------------------------------------------------------
AAPL      177   -1.46        176.19       -2.5%     Bullish      RED    .102    -.1
---------------------------------------------------------------------------------------------
GOOG      1155.81    18.3   1121.76        148.6%   Bullish      BLUE   .227     .006
---------------------------------------------------------------------------------------------
MSFT      91.61    1.61      88.35         112.1%   Bullish      BLUE   .128    -.026
---------------------------------------------------------------------------------------------
AMZN      1327.31    32.73   1304.86       85.1%    Bullish      BLUE   .198     .069
---------------------------------------------------------------------------------------------
FB        185.37    4.08     178.39        167.3%   Bullish      BLUE   .07    -.084
---------------------------------------------------------------------------------------------
NVDA     233.69    3.58      220.11        238.6%   Bullish      BLUE   .237    -.011
---------------------------------------------------------------------------------------------
BA        338    .27         335.16        26.3%    Bullish      BLUE   .136     .157
---------------------------------------------------------------------------------------------
GS        261.52    5.4      258.46        88%      Bearish      BLUE  -.024    -.022
---------------------------------------------------------------------------------------------
HD        204.46    3.13     196.31        202.6%   Bullish      BLUE   .072     .136
---------------------------------------------------------------------------------------------
CAT        170.89    .48     169.31        17.4%    Bullish      BLUE   .314     .118
Table 2
                     Count of Stocks in Key Tiger Directories
                           01/22
-------------------------
NEWHIGHS      865
NEWLOWS        51

MAXCP            289
MINCP               70

TTTNH             130
TTTNL              114

FASTUP           135
FASTDOWN     99

CPCROSSA    138
CPCROSSD      57

BIGVOLUP         5
BIGVODN        10 
Table 3
Count of Stocks and New Highs in Key Tiger Directories
Date = 180122
               No.           NHs           Pct.
-------------------------------------------------------------------
BIGBANKS       7             5             71 %
ETFS           65            43            66 %
DJI-13         13            7             54 %
INDEXES        195           100           51 %
DOWJONES       30            14            47 %
MORNSTAR       238           101           42 %
NIFTY          30            12            40 %
SP-100         96            38            40 %
NASD-100       100           40            40 %
RETAIL         53            19            36 %
HOMEBLDG       17            6             35 %
FINANCE        93            31            33 %
SP500          485           148           31 %
GAMING         28            8             29 %
SOFTWARE       66            18            27 %
CHINA          64            16            25 %
TRANSP         20            5             25 %
RUS-1000       837           199           24 %
COMPUTER       23            5             22 %
REGBANKS       33            7             21 %
INSURANC       32            6             19 %
BIOTECH        387           61            16 %
SEMI           130           19            15 %
=====================================================
INFRA          35            5             14 %
EDU            7             1             14 %
AUTO           40            5             13 %
FOOD           15            2             13 %
ELECTRON       178           22            12 %
OILGAS         141           17            12 %
JETS           9             1             11 %
GREEN          31            3             10 %
COMODITY       70            7             10 %
BEVERAGE       20            2             10 %
HACKERS        25            2             8 %
INDMATER       90            5             6 %
CHEM           64            3             5 %
SOLAR          21            1             5 %
MILITARY       38            1             3 %
GOLD           51            1             2 %
UTILITY        43            1             2 %
BONDFUND       111           1             1 %
====================================================
None: BIGMIL  COAL   REIT   PIPELINE  HOSPITAL    
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/22/18
 Bullish = 41
 Bearish = 5
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             1             1             .857          .857          1 
BIGMIL         1             1             1             1             1             1 
DJI-13         1             1             1             1             1             1 
DOWJONES       .966          .966          .966          .966          .933          .9 
ETFS           .953          .969          .953          .953          .938          .938 
SP-100         .947          .947          .937          .906          .895          .916 
AUTO           .925          .9            .9            .875          .9            .925 
MORNSTAR       .915          .924          .903          .915          .903          .903 
REGBANKS       .909          .939          .787          .787          .757          .878 
INDEXES        .902          .897          .902          .907          .917          .851 
TRANSP         .9            .9            .9            .95           .95           1 
INFRA          .885          .885          .914          .914          .914          .942 
HOMEBLDG       .882          .823          .823          .823          .764          .823 
FINANCE        .881          .903          .881          .924          .881          .913 
HOSPITAL       .875          .875          .875          .875          .75           1 
NASD-100       .87           .87           .87           .87           .84           .84 
RETAIL         .867          .886          .83           .811          .83           .849 
NIFTY          .866          .866          .866          .833          .8            .8 
GOLD           .862          .843          .764          .882          .882          .862 
GAMING         .857          .821          .857          .857          .857          .857 
BEVERAGE       .85           .8            .7            .75           .7            .75 
INDMATER       .833          .822          .777          .8            .8            .833 
SP500          .832          .814          .802          .812          .797          .802 
COMPUTER       .826          .826          .782          .869          .869          .826 
OILGAS         .815          .808          .787          .836          .815          .836 
COAL           .8            .8            .8            .8            .8            .9 
RUS-1000       .798          .782          .762          .77           .755          .776 
CHINA          .796          .796          .765          .828          .812          .781 
MILITARY       .789          .842          .842          .842          .815          .868 
SOFTWARE       .787          .803          .757          .757          .742          .757 
JETS           .777          .777          .777          .888          .888          1 
GREEN          .741          .774          .774          .741          .741          .709 
HACKERS        .72           .72           .68           .68           .76           .72 
EDU            .714          .714          .571          .571          .571          .714 
PIPELINE       .714          .714          .714          .714          .714          .714 
COMODITY       .7            .685          .7            .714          .685          .685 
BIOTECH        .671          .622          .583          .599          .578          .64 
CHEM           .671          .703          .64           .703          .703          .75 
INSURANC       .656          .625          .562          .625          .531          .562 
ELECTRON       .64           .696          .657          .696          .589          .629 
SEMI           .623          .669          .653          .669          .538          .584 
N= 41
=========================================================================================
SOLAR          .428          .476          .428          .571          .571          .571 
FOOD           .266          .2            .266          .266          .133          .133 
REIT           .168          .157          .123          .174          .146          .151 
UTILITY        .116          .093          .093          .093          .116          .139 
BONDFUND       .081          .063          .072          .09           .099          .126 
N=5



=============================================================================
                   1/19/2018   
The September Peerless Buy B21 still operates and predicts higher prices.

                  
 The stalemate over the terms of a raise in the Debt Limit continues, quite predictably,
                    with both parties more interested in blaming the other than producing a workable compromise.
                    Conceivably, it may take a lowering of the US credit or decline by Wall Street to get them|
                    to work together.  But right now, there is still no Peerless Sell.

                    The current Peerless key values historically match with 3 past cases.  In 2 of the 3, a January
                    top was quickly fell and the DJI fell 3% and 6%.  The drop in the V-I Indicator to +26 on
                    Friday from +101 on Wednesday is what has now technically tilted the odds in favor of
                    another shallow decline.  Short-term, much will depend on the negotiations between the
                    Democrats and Republicans, who I can't believe want to risk even a week-long government
                    shut-down. Trump is the rogue element here.  He has said that the bureaucrats in Washington
                    "could use a good shut-down".  But the key consideration here remains the extreme
                    corporate profitability of this new year.  That will not change and historically profitability is
                    the single most important factor that vectors the market's moves.


                   
Some weakness here is also suggested by seasonality.  Going back to 1965, we find that the
                    DJI has risen only 46.2% of the time over the two weeks following January 21st and only
                    48.1% of the time over the next four weeks.  The average decline was 0.9% over the next
                    month. 


                   
I doubt if the strongest stocks will be much affected but selling short some of the Bearish
                    MINCP stocks as a short-term hedge might give some peace of mind while we wait to see
                    what happens in Washington.  Traders of the key ETFs should probably just hold their
                    positions.  DIA, SPY, QQQ, COMPQX and IWM all show rising Closing Powers and
                    5-day moving averages.  See Table 1 below.  Let's see if a weak Monday opening can
                    be turned around by the end of the day.  That would be bullish.

Table A
               Key Values Use in screen here:
               January
               LA/MA is between 1.032 and 1.036
               P-I >15  
               IP21 is between .067 and .087
               VI is between 0 and +36
                   
 
NOW          20180119 
      1.034  .605   187 -13 .077 +26  .168  .135 .49
       la/ma   21dAROC    P-I PI-ch IP21   VI    OBVPct  65-upPct 65dAROC  
-------------------------------------------------------------------------------------
1            19720107       910.37        1.032         246.9         .069 
      1.032  .752   246  0  .069  2  .495  .01  .04
      la/ma   21dAROC    P-I PI-ch IP21   VI    OBVPct  65-upPct 65dAROC  
      DJI fell from 910.37 to 889.15 on 1/26 (3% decline).
      It then rose to 966.96 on 4/12 S9/S15
--------------------------------------------------------------------------------------
 2            19790126  
      1.033  .734   234  50 .087  4  .278  .032 
      la/ma   21dAROC    P-I PI-ch IP21   VI    OBVPct  65-upPct 65dAROC 
 
      DJI fell from 859.75 to 807.00 on 2/27 (a 6% decline). No Peerless Sell.
      It then rose to a NH, 878.72 on 4/10 (S12).
--------------------------------------------------------------------------------------
 3           19850122       
      1.037  .552   264  26 .081  10 .153  .027 .10
      la/ma   21dAROC    P-I PI-ch IP21   VI    OBVPct  65-upPct 65dAROC  
      DJI rose to 1299.36 (+3.5%) on 3/1/1985 (S4). 
      It then fell 4.5% before advancing strongly.

 

                                                      Charts 1/19/2018

                     
 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)

                               
1/19/2018   Bullish MAXCPs     Bearish MINCPs

Table 1

                QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts. ZZZ
 

   
                     QUICKSILVER on ETFS - 01/19/18
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR   CANDLE     IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       260.54    .38      257.91        95.4%    Bullish      BLUE   .266    ----
---------------------------------------------------------------------------------------------
COMPQX    7336.38    40.33   7261.06       85.8%    Bullish      BLUE   .296    -.026
---------------------------------------------------------------------------------------------
SPY       280.41    1.27     277.92        77.2%    Bullish      BLUE   .267    -.023
---------------------------------------------------------------------------------------------
QQQ       166.34    .52      164.49        92.6%    Bullish      ----   .25     -.025
---------------------------------------------------------------------------------------------
MDY       359.6    3.7       357.2         46.3%    Bullish      BLUE   .126    -.034
---------------------------------------------------------------------------------------------
IWM       158.6    2.06      158.16        35%      ----         BLUE   .1      -.041
---------------------------------------------------------------------------------------------
FAS       76.89    1.56      74.51         238.5%   ----         BLUE   .118     .135
---------------------------------------------------------------------------------------------
RETL      43.84    2.36      42.68         323.4%   Bullish      BLUE   .294     .632
---------------------------------------------------------------------------------------------
SOXL      179.11    .48      160.45        631.8%   Bullish      RED    .285    -.009
---------------------------------------------------------------------------------------------
TECL      133.14    .51      127.74        284.8%   Bullish      RED    .242     .093
---------------------------------------------------------------------------------------------
IBB       112    .73         111.98        34.6%    Bullish      BLUE   .143    -.042
---------------------------------------------------------------------------------------------
GLD       126.42    .56     W126.96        38.8%    Bullish      RED    .242    -.068
---------------------------------------------------------------------------------------------
OIL       7.05   -.03       W7.15          0%       Bullish      ----   .262     .034
---------------------------------------------------------------------------------------------
OIH       28.49    .26      W29.17        -87.1%    Bullish      BLUE   .399    -.008
---------------------------------------------------------------------------------------------
GASL      28.29   -.37      W30.96        -367.9%   ----         RED    .147    -.046
---------------------------------------------------------------------------------------------
UGA       33.11   -.31       32.92         57.6%    Bullish       ----   .156    -.1
---------------------------------------------------------------------------------------------
UUP       23.65    .04      W23.71        -65.4%    Bearish       ----  -.079    -.147
---------------------------------------------------------------------------------------------
IEF       103.79   -.27     W104.57       -40.7%    Bearish       RED   -.083    -.132
---------------------------------------------------------------------------------------------
XLU      49.99   -.15       W50.26        -55.7%    Bearish       RED   -.321    -.198
---------------------------------------------------------------------------------------------
WEAT      5.97   -.02        5.92         -92.2%    ----          ----   .181    -.162
---------------------------------------------------------------------------------------------
YINN      48.12    2.29      42.57         891.1%   Bullish       BLUE   .293     .321
---------------------------------------------------------------------------------------------
RSX       23.3   -.18      W23.31         34.5%    Bullish       ----    .329    -.061
---------------------------------------------------------------------------------------------
AAPL      178.46   -.8       177.09        89.6%    Bullish       RED    .103    -.083
---------------------------------------------------------------------------------------------
GOOG      1137.51    7.72    1122.26       142.5%   Bullish       BLUE   .188     .002
---------------------------------------------------------------------------------------------
MSFT      90   -.1           89.6          107.6%   ----          RED    .078    -.041
---------------------------------------------------------------------------------------------
AMZN      1294.58    1.26   W1305.2        69.1%    Bullish       RED    .151     .048
---------------------------------------------------------------------------------------------
FB        181.29    1.49     179.37       -179.4%   Bullish       BLUE   .033    -.101
---------------------------------------------------------------------------------------------
NVDA     230.11    5.67      222.98        135%     Bullish       BLUE   .181    -.009
---------------------------------------------------------------------------------------------
BA        337.73   -2.43     336.21        142.1%   Bullish       RED    .145     .172
---------------------------------------------------------------------------------------------
GS        256.12    5.15    W257.03        19.4%    Bearish       BLUE  -.11     -.055
---------------------------------------------------------------------------------------------
HD        201.33    3        196.42        168.7%   Bullish       BLUE   .035     .119
---------------------------------------------------------------------------------------------
CAT        170.41    1.58    170.3         35.8%    Bullish       BLUE   .309     .131
Table 2
COMPARISONS OF BULLISH AND BEARISH GROUPS

                   1/16    1/15   1/14  1/13   1/12    1/11    1/10   1/9      1/8     1/5     1/4     1/3     1/2   12/29   12/28 12/27  12/26   12/22   12/21  12/20  12/19  
NEWHIGHS  820    340    121   267  905    824    313    516   651    683    610   548   479    166     336     253    308    262     317    247    210  
NEWLOWS    52      78      61     67    90       67      78     76      51       51       61    61      39       32       28        21      26       32      45       50     45   

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 
MAXCPs     
  151       91      92    48    293    239    111   112    154     118    108    113      107    157       86       97     105        70        81       60       60       
MINCPs        
    70    177    100  188   122      87   146    162     189       92     113     97     108      37        35       74       70        74         81     127     117     
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
112        71      49     79   162    154     75       92       89       82    84    100    107     70    102         97    103        72         89       65       71  
TTTNLs        
148      229      93  219   157    139    240    207    169    162  141    129    193    238   108         93    114      147       121     187     129  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 
FASTUP       
119      132    113   135  190    188    137   165    297     264   264   199    177      117  166       179   195    222     238    143      
FASTDOWN
  97      58   126    92      90       99   101      72        52     42     36       35       58      48         56     70      60        63      78      183                 
Table 3
   
Count of Stocks and New Highs in Key Tiger Directories
Date = 180119
               No.           NHs           Pct
-------------------------------------------------------------------
FOR.ETFS       65            38            58 %
BIGBANKS       7             4             57 %
DJI-13         13            7             54 %
MORNSTAR       238           100           42 %
INDEXES        195           80            41 %
HOMEBLDG       17            6             35 %
FINANCE        93            33            35 %
GAMING         28            9             32 %
DOWJONES       30            9             30 %
CHINA          64            19            30 %
NIFTY          30            8             27 %
SP500          485           129           27 %
SP-100         96            25            26 %
INSURANC       32            8             25 %
TRANSP         20            5             25 %
RETAIL         53            13            25 %
REGBANKS       33            8             24 %
RUS-1000       837           199           24 %
INFRA          35            8             23 %
NASD-100       100           22            22 %
SOFTWARE       66            14            21 %
ELECTRON       178           36            20 %
MILITARY       38            6             16 %
SEMI           130           21            16 %
AUTO           40            6             15 %
=====================================================
HOSPITAL       8             1             13 %
INDMATER       90            11            12 %
CHEM           64            7             11 %
BIOTECH        389           41            11 %
JETS           9             1             11 %
GREEN          31            3             10 %
COMPUTER       23            2             9 %
HACKERS        25            2             8 %
COMODITY       70            5             7 %
FOOD           15            1             7 %
SOLAR          21            1             5 %
BEVERAGE       20            1             5 %
OILGAS         141           6             4 %
GOLD           51            1             2 %
UTILITY        43            1             2 %
REIT           178           1             1 %
BONDFUND       111           1             1 %
====================================================
None
BIGMIL  COAL   EDU    PIPELINE   
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/19/18
Very Bullish = 28
Bullish = 13
Bearish = 5
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             1             .857          .857          1             1 
BIGMIL         1             1             1             1             1             1 
DJI-13         1             1             1             1             1             .923 
ETFS           .969          .953          .953          .938          .938          .907 
DOWJONES       .966          .966          .966          .933          .9            .9 
SP-100         .947          .937          .906          .895          .916          .916 
REGBANKS       .939          .787          .787          .757          .878          .818 
MORNSTAR       .924          .903          .915          .903          .903          .911 
FINANCE        .903          .881          .924          .881          .913          .913 
AUTO           .9            .9            .875          .9            .925          .925 
TRANSP         .9            .9            .95           .95           1             1 
INDEXES        .897          .902          .907          .917          .851          .841 
RETAIL         .886          .83           .811          .83           .849          .849 
INFRA          .885          .914          .914          .914          .942          .914 
HOSPITAL       .875          .875          .875          .75           1             .875 
NASD-100       .87           .87           .87           .84           .84           .84 
NIFTY          .866          .866          .833          .8            .8            .8 
GOLD           .843          .764          .882          .882          .862          .784 
MILITARY       .842          .842          .842          .815          .868          .815 
COMPUTER       .826          .782          .869          .869          .826          .739 
HOMEBLDG       .823          .823          .823          .764          .823          .882 
INDMATER       .822          .777          .8            .8            .822          .822 
GAMING         .821          .857          .857          .857          .857          .892 
SP500          .814          .802          .812          .797          .802          .804 
OILGAS         .808          .787          .836          .815          .836          .836 
SOFTWARE       .803          .757          .757          .742          .757          .727 
BEVERAGE       .8            .7            .75           .7            .75           .7 
COAL           .8            .8            .8            .8            .9            .9 
N=28
================================================================================================
CHINA          .796          .765          .828          .812          .781          .812 
RUS-1000       .782          .762          .77           .755          .776          .771 
JETS           .777          .777          .888          .888          1             1 
GREEN          .774          .774          .741          .741          .709          .741 
HACKERS        .72           .68           .68           .76           .72           .72 
EDU            .714          .571          .571          .571          .714          .571 
PIPELINE       .714          .714          .714          .714          .714          .714 
CHEM           .703          .64           .703          .703          .734          .734 
ELECTRON       .696          .657          .696          .589          .612          .629 
COMODITY       .685          .7            .714          .685          .685          .7 
SEMI           .669          .653          .669          .538          .561          .592 
INSURANC       .625          .562          .625          .531          .562          .5 
BIOTECH        .624          .586          .601          .58           .642          .642 
N=13
=============================================================================================
SOLAR          .476          .428          .571          .571          .571          .619 
FOOD           .2            .266          .266          .133          .133          .2 
REIT           .157          .123          .174          .146          .151          .179 
UTILITY        .093          .093          .093          .116          .139          .139 
BONDFUND       .063          .072          .09           .099          .117          .18 
B=5



==============================================================================
                   1/18/2018   
Why Does It Take 60 Votes in the Senate To Get A Federal Budget?
                                       That Constitutional Issue again Overhangs the stock market and will almost
                                       certainly bring a government shut-down.  This has grabbed the news now and
                                       traders took more juicy profits today.  But I would argue against doing that,
                                       at least for now.

                                     
 The September Peerless Buy B21 still operates and predicts higher prices.
                                       Given the key values we saw yesterday and today, the odds are 3:1 that the
                                       DJI will make new highs before it peaks preparatory to a decline to the
                                       lower band.
 See tonight's Table A and Table B.  But the Debt Limit lessons
                                       of 2011 and 2013-2014 do suggest that ultimately it may take a market sell-off
                                       in a few months to cause our political leaders to finally forge a compromise that
                                       avoids a US Government default on its debt and a lowering of its credit rating.
                                       Note that does not mean the stock market will not reach more new highs first
                                       even though there are some lay-offs and suspensions of Federal benefits in the
                                       next month.                                       




                                      
The news will be dominated by the Budget Crisis for the next few days, weeks
                                       and possibly months.  The history of the last Budget Crisis, 2013-2014 suggests there
                                       may have to be a sell-off to the lower band before the politicians are then forced to
                                       reach agreement and the Federal Debt limit is raised.  But before the brinksmanship
                                       reaches this level of a crisis, the DJI may make more new highs.  That was the primary
                                       lesson from the last Crisis.  As long as the V-Indicator remained positive, the market
                                       at end of 2013 was reasonably safe and ours should be safe, too.

                                       In the 2011 Debt Limit crisis, the top occurred in August after the V-I turned negative
                                       with the DJI at the upper band and the credit rating of US debt instruments
                                       were about to be lowered.  This caused the timely Peerless S9V then.

                                                                       2011

                                         See https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2011



                                                        
 2013-2014



                                        
                                               
   Who Do The Politicians Listen Most Closely to?
                                   The 2011 and 2014 Experiences Suggest Wall Street Is The Answer.
                                 
 (Of course, this is also the lesson of 2009-2010 as well as the lesson
                                   of December 1913 when the Federal Reserve was first established.)


                                      
Currently the DJI is 3.4% above the upper band.  It appears not to have escaped
                                       the gravity of the 3.5% upper band.  The reason is the looming shut-down of
                                       the federal US Government because our two dominant political parties cannot
                                       agree on what to do about the children of illegal immigrants and present law
                                       requires Congress to approve an increase in the limit on Federal Debt which
                                       has now been reached.  The Democrats are tying this issue to the raising of the
                                       Deficit Limit just as Republicans attempted to do the same in 2013 by demanding
                                       a reduction in food stamps and an increase the age of retirement for Social Security
                                       recipients before voting to increase the Deficit Limit back then. There was no
                                       agreement for months. The Treasury furloughed non-essential employees.
                                       Five months later, a separate bill was passed by Congress to increase the
                                       Debt Limit high enough so that this would not be an issue for two years.  The
                                       rating of US government securities was not effected. It took a sharp sell-off by
                                       the DJI to get the politicians to compromise. 

                                      
Why would it be any different now?  Possibly because the Republicans view
                                       a rising stock market to be essential to their political success.


                                       During this 5-month standoff, the DJI rallied 10%, from 15000 to 165500
                                       before selling off in January after a feeble Santa Claus rally (S16) and
                                       a negative V-I reading.  The quick decline in January took it down to the 5.1% lower
                                       band from the 3% upper band on 12/31/2013. Note that it took 3 months of
                                       Budget Crisis and temporary furloughs before the DJI declined seriously. 

                                       Apparently, it was the falling stock market that  most motivated Congress
                                       and the President to reach agreement.
 This may be the way the crisis is
                                       finally solved now, but I doubt it.  I suspect the Republicans will "blink" first.

 
                                       (See https://en.wikipedia.org/wiki/United_States_debt-ceiling_crisis_of_2013  )

 

Table A   What has happened in past when key values were like those of 1/17/2018?
                Namely:
                           It was January, 
                           the DJI was is a bull market,
                           the DJI closed between the 3.7% and 4.3% upper band,
                           showed a positive V-I,
                           had a P-I above +15
                           and IP21 was between .057 and .077.

                                           Date             DJI        cl/ma   P-I        IP21       Outcome
                  ------------------------------------------------------------------------
                Our Case now: 20180117    26115.65  1.041 +317      +.067     

                Only 1 case:    19850124     1270.43    1.04    +296.5   +.073   
                                       DJI rallied to 3/1/1985 @1299.36 and then fell back to 1242.05 on 5/1/85        
Table B    What has happened in past when key values were like those of 1/18/2018?
                Namely:
                           It was January, 
                           the DJI was is a bull market,
                           the DJI closed between the 3.% and 3.9% upper band,
                           showed a positive V-I,
                           had a P-I above +15
                           and IP21 was between .038 and .058.

                                           Date             DJI        cl/ma   P-I        IP21       Outcome
                  ------------------------------------------------------------------------
                Our Case now: 20180118    26017.81  1.034 +199      +.048     
                                                                                                                  
                3 earlier cases:
                                       19800115         868.6    1.03    +85.4     +.053  
                                       DJI rallied to 2/13/1980 @903.84 (Sell S9,S15) and then fell back to 759.13 on 4/21/80
                                        ---------------------------------------------------------------------------------------
                                       19970113       6709.18  1.033  +189.6   +.042  
                                       DJI rallied to 3/10/1997 @1299.36 (S4,S9) and then fell back to 6391.69 on 4/11/97
                                       ----------------------------------------------------------------------------------------
                                       19990105       9311.19  1.03    +82.2     + .047 
                                       DJI rallied only to 1/8/1999 @9643.32 and then fell back to 9133.03 on 2/9/99

 
                                                Charts 1/18/2018

                     
 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)

                               
1/18/2018   Bullish MAXCPs     Bearish MINCPs


  

Table 1                     
                      
QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.


                       Charts 1/18/2018
 



                     QUICKSILVER on ETFS - 01/18/18
 
ETF      CLOSE   CHANGE     PIVOT-PT    5-dma AROC   CL-PWR     CANDLE   IP21    ITRS
---------------------------------------------------------------------------------------------
DIA       260.16   -.92      255.61        127.1%    Bullish      RED    .198    -----
---------------------------------------------------------------------------------------------
COMPQX    7296.05   -2.23    7211.78       98.5%     Bullish      BLUE   .264    -.028
---------------------------------------------------------------------------------------------
SPY       279.14   -.47      276.12        90.6%     Bullish      RED    .175    -.026
---------------------------------------------------------------------------------------------
QQQ       165.82    .03      163.29        111%      Bullish      BLUE   .251    -.024
---------------------------------------------------------------------------------------------
MDY       355.9   -1.22     W356.3         65%       Bullish      RED    .116    -.04
---------------------------------------------------------------------------------------------
IWM       156.54   -1.08    W157.5         54.2%     Bearish      RED    .05    -.053
---------------------------------------------------------------------------------------------
FAS       75.33   -.55       73.33         191.1%    Bearish      RED    .056     .119
---------------------------------------------------------------------------------------------
RETL      41.48    .44       41.17         405%      Bullish      BLUE   .291     .542
---------------------------------------------------------------------------------------------
SOXL      178.63    2.51     158           719.8%    Bullish      BLUE   .357     .036
---------------------------------------------------------------------------------------------
TECL      132.63    .67      125.8         339.8%    Bullish      BLUE   .252     .096
---------------------------------------------------------------------------------------------
IBB       111.27   -.14      111.23        16.2%     Bullish      RED    .079    -.053
---------------------------------------------------------------------------------------------
GLD       125.86   -.28      125.44        32.9%     Bullish      RED    .288    -.063
---------------------------------------------------------------------------------------------
OIL       7.08   -.01        7.05          42.4%     Bullish      ----   .238     .09
---------------------------------------------------------------------------------------------
OIH       28.23   -.46      W28.99        -8.7%      Bullish      RED    .385     .034
---------------------------------------------------------------------------------------------
GASL      28.66   -1.2      W30.49         40.2%     ----         RED    .137     .089
---------------------------------------------------------------------------------------------
UGA       33.42    .26       32.73         106.5%    Bullish      BLUE   .148    -.07
---------------------------------------------------------------------------------------------
UUP       23.61   -.03      W23.96        -94.6%     Bearish      ----  -.046    -.15
---------------------------------------------------------------------------------------------
IEF       104.06   -.33     W104.64       -24.4%     Bearish      ----  -.075    -.128
---------------------------------------------------------------------------------------------
XLU      50.14   -.32       W50.55        -59.5%     Bearish      RED   -.325    -.198
---------------------------------------------------------------------------------------------
WEAT      5.99    .04       W6.08         -100.2%    ----         ----   .158    -.152
---------------------------------------------------------------------------------------------
YINN      45.83    .88       40.41         732.8%    Bullish      BLUE   .2     .266
---------------------------------------------------------------------------------------------
RSX       23.48    .31       23.14         138.8%    Bullish      BLUE   .348    -.028
---------------------------------------------------------------------------------------------
AAPL      179.26    .16      175.28        140.9%    Bullish      RED    .124    -.067
---------------------------------------------------------------------------------------------
GOOG      1129.79   -2.19    1105.52       121.7%    Bullish      RED    .187    -.012
---------------------------------------------------------------------------------------------
MSFT      90.1   -.04        88.08         128.4%    ----         BLUE   .065    -.035
---------------------------------------------------------------------------------------------
AMZN      1293.32   -1.68    1276.68       151.5%    Bullish      RED    .227     .057
---------------------------------------------------------------------------------------------
FB        179.8    2.2      W187.77       -220.6%    Bullish      BLUE   .049    -.101
---------------------------------------------------------------------------------------------
NVDA     224.44   -.28       224.08        17%       Bullish      BLUE   .198    -.031
---------------------------------------------------------------------------------------------
BA        340.16   -10.85    328.12        297.8%    Bullish      RED    .199     .193
---------------------------------------------------------------------------------------------
GS        250.97   -2.68    W255.13       -65.7%     Bearish      RED   -.206    -.079
---------------------------------------------------------------------------------------------
HD        198.33   -1.49     194.68        166.7%    Bullish      RED   -.014     .1
---------------------------------------------------------------------------------------------
CAT        168.83    .33     169.2         87.8%     Bullish      RED    .293     .129
Table 2
COMPARISONS OF BULLISH AND BEARISH GROUPS

                   1/15   1/14  1/13   1/12    1/11    1/10   1/9      1/8     1/5     1/4     1/3     1/2   12/29   12/28 12/27  12/26   12/22   12/21  12/20  12/19  
NEWHIGHS   340    121   267  905    824    313    516   651    683    610   548   479    166     336     253    308    262     317    247    210  
NEWLOWS     78      61     67    90       67      78     76      51       51       61    61      39       32       28        21      26       32      45       50     45   

------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 
MAXCPs     
     91      92    48    293    239    111   112    154     118    108    113      107    157       86        97     105        70        81       60       60       
MINCPs        
  177    100  188   122      87   146    162     189       92     113     97     108      37        35       74       70        74         81     127     117     
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
   71      49     79   162    154     75       92       89       82    84    100    107     70    102         97    103        72         89       65       71  
TTTNLs        
 229      93    219  157    139    240    207    169    162  141    129    193    238   108         93    114      147       121     187     129  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 
FASTUP       
 132    113   135  190    188    137   165    297     264   264   199    177      117  166       179   195    222     238    143     172  
FASTDOWN
   97      58   126    92      90       99   101      72        52     42     36       35       58      48         56     70      60        63      78      183     
Table 3
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 180118
              No.            NHs           Pct.
-------------------------------------------------------------------
BIGBANKS       7             4             57 %
ETFS           65            26            40 %
DOWJONES       30            8             27 %
DJI-13         13            3             23 %
CHINA          64            15            23 %
SP-100         96            15            16 %
INSURANC       32            5             16 %
FINANCE        93            14            15 %
MORNSTAR       238           35            15 %
SOFTWARE       66            10            15 %
TRANSP         20            3             15 %
==================================================================
INDEXES        195           28            14 %
SP500          485           67            14 %
NASD-100       100           14            14 %
HACKERS        25            3             12 %
SEMI           131           16            12 %
GAMING         28            3             11 %
ELECTRON       179           20            11 %
RUS-1000       837           96            11 %
NIFTY          30            3             10 %
COMPUTER       23            2             9 %
RETAIL         53            5             9 %
COMODITY       70            5             7 %
REGBANKS       33            2             6 %
HOMEBLDG       17            1             6 %
INFRA          35            2             6 %
MILITARY       38            2             5 %
BIOTECH        387           21            5 %
INDMATER       90            4             4 %
GREEN          31            1             3 %
AUTO           40            1             3 %
OILGAS         141           3             2 %
UTILITY        43            1             2 %
===================================================
BIGMIL    CHEM     SOLAR    COAL   GOLD     REIT  
EDU  PIPELINE BEVERAGE FOOD   BONDFUND HOSPITAL JETS    
Table 4        
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/18/18
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       100%          .857          .857          1             1             1 
BIGMIL         1             1             1             1             1             1 
DJI-13         1             1             1             1             .923          .923 
DOWJONES       .966          .966          .933          .9            .9            .866 
ETFS           .953          .953          .938          .938          .923          .892 
SP-100         .937          .906          .895          .916          .916          .875 
INFRA          .914          .914          .914          .942          .914          .828 
INDEXES        .907          .907          .917          .851          .841          .841 
MORNSTAR       .903          .915          .903          .903          .911          .878 
AUTO           .9            .875          .9            .925          .925          .85 
TRANSP         .9            .95           .95           1             1             .9 
FINANCE        .881          .924          .881          .913          .913          .86 
HOSPITAL       .875          .875          .75           1             .875          .625 
NASD-100       .87           .87           .84           .84           .83           .82 
NIFTY          .866          .833          .8            .8            .8            .8 
GAMING         .857          .857          .857          .857          .892          .785 
MILITARY       .842          .842          .815          .868          .815          .789 
RETAIL         .83           .811          .83           .849          .849          .792 
HOMEBLDG       .823          .823          .764          .823          .882          .823 
SP500          .802          .812          .797          .802          .804          .769 
COAL           .8            .8            .8            .9            .9            .8 
N=21
==============================================================================================
OILGAS         .787          .836          .815          .836          .829          .78 
REGBANKS       .787          .787          .757          .878          .848          .696 
COMPUTER       .782          .869          .869          .826          .739          .695 
INDMATER       .777          .8            .8            .822          .822          .744 
JETS           .777          .888          .888          1             1             .888 
GREEN          .774          .741          .741          .709          .741          .645 
CHINA          .765          .828          .812          .781          .812          .812 
GOLD           .764          .882          .882          .862          .784          .764 
RUS-1000       .762          .77           .755          .776          .771          .729 
SOFTWARE       .757          .757          .742          .757          .727          .681 
PIPELINE       .714          .714          .714          .714          .714          .714 
BEVERAGE       .7            .75           .7            .75           .7            .75 
COMODITY       .7            .714          .685          .685          .7            .685 
HACKERS        .68           .68           .76           .72           .72           .68 
ELECTRON       .653          .692          .586          .614          .631          .564 
SEMI           .648          .664          .534          .564          .595          .541 
CHEM           .64           .703          .703          .734          .734          .64 
BIOTECH        .583          .599          .578          .64           .635          .602 
EDU            .571          .571          .571          .714          .571          .571 
INSURANC       .562          .625          .531          .562          .5            .468 
N=20
=============================================================================================
SOLAR          .428          .571          .571          .571          .619          .571 
FOOD           .266          .266          .133          .133          .2            .266 
REIT           .123          .174          .146          .151          .179          .134 
UTILITY        .093          .093          .116          .139          .139          .116 
BONDFUND       .072          .09           .099          .117          .171          .207 
N=5


==============================================================================
             1/17/2018   
 The September Buy B21 still operates and predicts higher prices.  The DJI's
                                  accelerating uptrend will likely angle up at an even faster rate.  But a breather
                                  and some profit-taking now would come as no surprise.  The ratio of new highs to
                                  new lows has slipped quite a bit over the last two days and the percent of all stocks
                                  above their 65-dma actually fell  3% today. 

                                  But don't look for much of a decline.  The thing about parabolic up-trends is that
                                  all the declines are usually shallow and short-lived until the market or stock goes
                                  truly vertical.  By this I mean, we should expect a 500-point or 1000-point DJI
                                  up-day.  This is not a random-walk market anymore.  This is a market whose
                                  "animal spirits" have been awakened and starting to run wild.



                                 
                                 
The DJI, of course, is led by Boeing (BA) which is rising in its own accelerating uptrend. 
                                  Like the DJI it has come a long way without a single correction.  It appears to be very
                                  tightly held.  No one knows where to sell and everyone of its shareholders wishes
                                  they had bought more.  Until it announces a stock split, it should go higher. Note
                                  how the optimized lower band for BA is just 2.5% while its upper band is 8.5%. 
                                  The ratio of the optimized upper band to the lower band will be made into a TigerSoft
                                  screening tool.  More on this tomorrow night. 

                                                    

                                   
TigerSoft's "Rocket Ratio" for Boeing =  8.5/2.5 or 3.4

                                 
In aerospace engineering, the rocket ratio is a measure of the efficiency
                                  of a rocket when the weight of  more or less propellant is added.  Our
                                  ratio shows efficiency, too.  A stock that pulls back very little and rises
                                  much more should usually be favored, especially if the marginal rocket
                                  ratio is increasing.




                                 

                                  And lest you think the DJI can't go much higher, look at AAPL.  If it can breakout
                                  above its flat-top and then above the top of its price-channel, it will easily surpass
                                  200 and then much higher. 

   Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.
   See NY Times article tonight: https://www.nytimes.com/2018/01/17/technology/apple-tax-bill-repatriate-cash.html?emc=edit_th_180118&nl=todaysheadlines&nlid=58223894
    
                         
                                 .
        

                                                          
                       Charts 1/17/2018

                     
 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)

                               
1/17/2018   Bullish MAXCPs     Bearish MINCPs
Table 1
                QUICKSILVER on ETFS - 01/17/18
 
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR      CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       261.08    3.27     253.62        141.9%   Bullish      BLUE   .205    ----
---------------------------------------------------------------------------------------------
COMPQX    7298.28    74.59   7153.57       93.5%    Bullish      BLUE   .313    -.024
---------------------------------------------------------------------------------------------
SPY       279.61    2.64     274.12        91.9%    Bullish      BLUE   .212    -.026
---------------------------------------------------------------------------------------------
QQQ       165.79    1.77     162.18        98.9%    Bullish      BLUE   .292    -.019
---------------------------------------------------------------------------------------------
MDY       357.12    2.59     351.28        59.5%    Bullish      BLUE   .133    -.039
---------------------------------------------------------------------------------------------
IWM       157.62    1.48     154.84        89.6%    Bullish      BLUE   .102    -.051
---------------------------------------------------------------------------------------------
FAS       75.88    1.82      72.5          279.2%   ----         BLUE   .085     .115
---------------------------------------------------------------------------------------------
RETL      41.04    1.04      38.19         438.4%   Bullish      BLUE   .294     .503
---------------------------------------------------------------------------------------------
SOXL      176.12    13.95    155.25        467.6%   Bullish      BLUE   .383     .075
---------------------------------------------------------------------------------------------
TECL      131.96    5.69     123.99        261.5%   Bullish      BLUE   .299     .112
---------------------------------------------------------------------------------------------
IBB       111.41    .81      110.91        45%      Bullish      ----   .117    -.04
---------------------------------------------------------------------------------------------
GLD       126.14   -1.03     125.03        56%      Bullish      RED    .312    -.07
---------------------------------------------------------------------------------------------
OIL       7.09    .01        7.02          106.4%   Bullish      ----   .258     .111
---------------------------------------------------------------------------------------------
OIH       28.69    .18       28.28         89.1%    Bullish      BLUE   .394     .059
---------------------------------------------------------------------------------------------
GASL      29.86    .34       28.42         148.3%   Bullish      RED    .134     .176
---------------------------------------------------------------------------------------------
UGA       33.16    .36       32.72         70.2%    Bullish      BLUE   .095    -.079
---------------------------------------------------------------------------------------------
UUP       23.64    .06      W24.06        -100.5%   Bearish      ----  -.003    -.151
---------------------------------------------------------------------------------------------
IEF       104.39   -.23     W104.57       -10%      Bearish      RED   -.038    -.128
---------------------------------------------------------------------------------------------
XLU      50.46    .31       W50.74        -83%      Bearish      BLUE  -.327    -.194
---------------------------------------------------------------------------------------------
  

Table 2
COMPARISONS OF BULLISH AND BEARISH GROUPS

                   1/14  1/13   1/12    1/11    1/10   1/9      1/8     1/5     1/4     1/3     1/2   12/29   12/28 12/27  12/26   12/22    12/21  12/20  12/19  12/18  12/15  
NEWHIGHS  121   267  905    824    313    516   651   683    610   548   479    166     336     253    308      262     317    247    210    553    309      
NEWLOWS     61     67    90       67      78     76      51     51       61    61      39       32       28        21      26       32        45       50     45       43      49    

---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
    92    48   293    239    111   112    154     118    108    113      107    157       86         97    105        70         81       60       60     133     122   
MINCPs        
100  188  122      87   146    162     189       92     113     97     108      37       35         74      70        74         81     127     117        76       65  
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
 49     79   162    154     75       92       89       82    84    100    107     70    102         97    103        72         89       65       71      146    118    
TTTNLs        
 93    219   157    139    240    207    169    162  141    129    193    238   108         93    114      147       121     187     129       90       98  
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP       
113   135  190     188    137   165    297    264   264  199   177      117    166       179   195    222     238    143     172     166   126   
FASTDOWN
  58   126    92       90       99   101      72      52      42    36      35         58      48         56     70      60       63      78      183       96   125  
Table 3
 
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 180117
               No.           NHs           Pct.
-------------------------------------------------------------------
DJI-13         13            8             62 %
ETFS           65            38            58 %
BIGBANKS       7             4             57 %
DOWJONES       30            15            50 %
NIFTY          30            14            47 %
INDEXES        195           80            41 %
MORNSTAR       238           82            34 %
BIGMIL         6             2             33 %
GAMING         28            9             32 %
NASD-100       100           31            31 %
HOMEBLDG       17            5             29 %
SP-100         96            28            29 %
FINANCE        93            25            27 %
SP500          485           130           27 %
COMPUTER       23            6             26 %
AUTO           39            8             21 %
MILITARY       38            8             21 %
SOFTWARE       66            14            21 %
RUS-1000       837           177           21 %
CHINA          64            13            20 %
INSURANC       32            6             19 %
SEMI           131           22            17 %
RETAIL         53            9             17 %
ELECTRON       179           28            16 %
------------------------------------------------------
REGBANKS       33            4             12 %
HACKERS        25            3             12 %
INFRA          35            4             11 %
BEVERAGE       20            2             10 %
OILGAS         141           12            9 %
INDMATER       90            7             8 %
BIOTECH        386           31            8 %
GREEN          31            2             6 %
CHEM           64            2             3 %
COMODITY       69            2             3 %
REIT           178           3             2 %
UTILITY        43            1             2 %
===================================================
None
TRANSP  SOLAR   COAL   GOLD   EDU   PIPELINE   FOOD      
BONDFUND  HOSPITAL   JETS     
Table 4
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/17/18
 Bullish = 42
 Bearish = 4
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGMIL         1             1             1             1             1             1 
DJI-13         1             1             1             .923          .923          .923 
DOWJONES       .966          .933          .9            .9            .866          .866 
ETFS           .953          .938          .938          .923          .892          .923 
TRANSP         .95           .95           1             1             .9            .9 
FINANCE        .924          .881          .913          .913          .86           .774 
MORNSTAR       .915          .903          .903          .911          .878          .894 
INFRA          .914          .914          .942          .914          .828          .857 
INDEXES        .907          .917          .851          .841          .841          .851 
SP-100         .906          .895          .916          .916          .875          .895 
JETS           .888          .888          1             1             .888          .777 
GOLD           .882          .882          .862          .784          .764          .705 
HOSPITAL       .875          .75           1             .875          .625          .625 
AUTO           .871          .897          .923          .923          .846          .871 
NASD-100       .87           .84           .84           .83           .81           .87 
COMPUTER       .869          .869          .826          .739          .695          .652 
BIGBANKS       .857          .857          1             1             1             .857 
GAMING         .857          .857          .857          .892          .785          .821 
MILITARY       .842          .815          .868          .815          .763          .763 
OILGAS         .836          .815          .836          .829          .78           .808 
NIFTY          .833          .8            .8            .8            .8            .833 
CHINA          .828          .812          .781          .812          .796          .812 
HOMEBLDG       .823          .764          .823          .882          .823          .764 
SP500          .812          .797          .802          .804          .769          .793 
RETAIL         .811          .83           .849          .849          .792          .792 
COAL           .8            .8            .9            .9            .8            .9 
INDMATER       .8            .8            .822          .822          .755          .744 
REGBANKS       .787          .757          .878          .848          .696          .666 
RUS-1000       .77           .755          .776          .771          .728          .753 
SOFTWARE       .757          .742          .757          .727          .666          .727 
BEVERAGE       .75           .7            .75           .7            .75           .75 
GREEN          .741          .741          .709          .741          .645          .677 
PIPELINE       .714          .714          .714          .714          .714          .857 
COMODITY       .71           .681          .681          .695          .681          .695 
CHEM           .703          .703          .734          .734          .656          .656 
ELECTRON       .692          .586          .614          .631          .564          .586 
HACKERS        .68           .76           .72           .72           .64           .72 
SEMI           .664          .534          .564          .595          .541          .587 
INSURANC       .625          .531          .562          .5            .468          .437 
BIOTECH        .601          .58           .642          .637          .601          .593 
EDU            .571          .571          .714          .571          .571          .571 
SOLAR          .571          .571          .571          .619          .571          .571 
===============================================================================================
FOOD           .266          .133          .133          .2            .266          .333 
REIT           .174          .146          .151          .179          .134          .129 
UTILITY        .093          .116          .139          .139          .116          .116 
BONDFUND       .09           .099          .117          .171          .207          .261 

   

==============================================================================
            1/16/2018   
 The September Buy B21 still operates and predicts higher prices.  Short-term
                                 traders will no doubt have noted today's big reversal and how the DJI is now doing
                                 much better than any of the other major indexes, even the NASDAQ.   See the
                                 column of ITRS numbers in Table 1.  ITRS is the difference between the stock's
                                 ETF's, or index's 50-day rate of change and the DJIs. 

                                 To guard our flanks, we should probably do some selling short in tonight's bearish
                                 MINCP offerings.  The Dollar's continuing weakness makes a Fed hike seem likely soon
                                 even though the posted CPI is only 2.1% above last year. But, hold DIA, SPY,
                                 QQQ and TECL.   We will need to see a new Peerless Sell, a head/shoulders top
                                 or a serious A/D Line non-confirmation before we can expect a decline that will
                                 break the DJI's rising 21-dma.                                

                                 The two hundred point jump at the opening to the DJI's 26000 level was just too
                                 much for lots of folks not to take profits.  But did you notice that the DJI could not
                                 go much below its previous close?  There were too many lagging buy orders from
                                 folks who understand how bullish the political economy (tax cuts, de-regulation,
                                 military spending and infrastructure re-building) is for the market's leaders, most
                                 of whom are in the DJI-30. 

                                                  One reversal day is not enough to stop this bull market.

                                 I remain optimistic, first, because of the Buy B21's average +17% gain has not yet been
                                 reached.  So far, the DJI's September-B21 is up "only" +15.7%. Secondly, because
                                 accelerating DJI uptrends are very bullish and because the NASDAQ shows a nearly
                                 perfect A/I-200 score, it will probably take a truly flagrant A/D Line non-confirmation of
                                 a DJI new high plus a Sell S9 to stop such our powerful uptrend.  Low IP21 numbers are
                                 not enough. 

                                 Third, I would stay bullish because talk of a Government shut-down is very
                                 likely premature and, in any case, the 1995 and 2013 earlier experiences with such
                                 shut-downs show how an on-going bull market all but ignores them.  Only when the V-I
                                 was negative in 2011 (The V-I is now + 71.), did the DJI peak with a government
                                 shutdown dominating the news.  I believe the cause then was a lowering of government
                                 bond's credit ratings.  News of this would hurt the market, I will admit.  But there is no
                                 talk of lower the bonds' credit rating now by Moody's or Standard & Poor's. 

                                          
An April Top This Year Would Be The Most Typical

                                 There is a fourth reason for believing that we will see still higher DJI prices.  It is
                                 that we only infrequently see tradable tops early in the year following a powerful DJI
                                 advance. See the table just below.
 There were 33 cases to study.  Only one saw a
                                 January top after the 10th of that month.  That was at the end of January 1994 when
                                 Greenspan raised short-term rates unexpectedly. 

                                 Otherwise, consider the frequency distribution of tops in the year following a big upswing
                                 in the DJI.  There were 3 tops in January, 4 in February, all in the first half, and 6 in both
                                 March and April.  By my calculations, a mid
April DJI top this year would be the
                                 most typical given this chronological distribution.



                                             
   Tops in The Year Following A Very Strong Bull Market

                                         
   Top          Peerless Signal at Top    Size of Next DJI Decline
                                          -----------      ------------------------------   ---------------------------------

                                         
2/11/1926    Head/shoulders (H/S)       162.30 to 135.20 (17%)
                                          5/31/1927    uptrend-break @170        172.90 to 165.70
                                          5/14/1928    H/S                                   220.9 to 211.9
                                         
2/5/1929      S9V, S12                          322.1 to 300.4
                                          4/6/1936      S12, S15,S9                     161.9 to 143.7

                                         
3/10/1937    S9, S15                            194.4 to 165.5
                                          7/14/1943    S8, S19                            145.8 to 134.0
                                          7/13/1944    None                                150.3 to 143.6

                                         
3/6/1945      None H/S                         161.5 to 152.3
                                          6/12/1950    S8,S5,  H/S                      228.4 to 197.6

                                          8/3/1954      None                                349.6 to 335.8
                                         
3/4/1955      None                                419.7 to 391.4
                                          5/29/1959    S7                                    643.8 to 617.6
                                          1964            no retreats to lower band
                                         
2/9/1966      S4, S12                            Bear Market started.

                                          4/21/1976    S7, S15                           1011.02 to 958.09
                                         
1/10/1983    S12                                 1092.35 to 1030.17
                                                              la/ma=1.052   P=105   IP21= .002  V=4  OP=.122
                                          1/9/1984      S12                                  Bear Market started.

                                                             
la/ma=1.021   P=36   IP21= .007  V= -2  OP= -.169
                                       
  3/27/1986    None                               1821.72 to 1735.51
                                          6/23/1989    S14                                  2531.87 to 2440.06

                                         
6/1/1992      S9, S15                           3413.21 to 3176.03
                                          1993            no retreats to lower band in 1993.
                                         
1/31/1994    S4 Rate Hike, H/S           3978.36 to 3593.35
                                          1995            no retreats to lower band in 1995.
                                         
3/18/1996    S1                                   5683.60 to 5420.95

                                         
3/10/1997    S4, S9V                          7079.39 to 6391.69
                                          4/21/1998    S9,S15                            9184.94 to 8627.93
                                         
2/11/2004    S19                                10737.7 to 9906.91
                                          5/10/2006    S9, S8                            11642.65 to 10706.14
                                          4/23/2010    S11, H/S                        11204.28 to 9686.48

                                          4/02/2012    S1                                  13264.49 to 12101.46
                                          5/28/2013    S19                               15409.39 to 14659.56
                                          2017             no retreats to lower band in 2017.
 




 

 
                                                          Charts 1/16/2018 

                     
 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)

                               
1/16/2018   Bullish MAXCPs     Bearish MINCPs

Table 1
                     QUICKSILVER on ETFS - 01/16/18
 

ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR      CANDLE  IP21    ITRS
---------------------------------------------------------------------------------------------
DIA       257.81   -.1       253.82        102.5%   ----         RED    .084    ------
---------------------------------------------------------------------------------------------
COMPQX    7223.69   -37.37   7163.58       46.1%    Bullish      RED    .237    -.025
---------------------------------------------------------------------------------------------
SPY       276.97   -.95      274.54        55.4%    Bullish      RED    .109    -.025
---------------------------------------------------------------------------------------------
QQQ       164.02   -.47      162.56        45.1%    Bullish      RED    .228    -.022
---------------------------------------------------------------------------------------------
MDY       354.53   -2.67     352.9         15.2%    Bullish      RED    .073    -.035
---------------------------------------------------------------------------------------------
IWM       156.14   -2.02     154.82        35.6%    Bearish      RED    .024    -.048
---------------------------------------------------------------------------------------------
FAS       74.06   -.45       71.79         207.2%   Bearish      RED     .009     .121
---------------------------------------------------------------------------------------------
RETL      40   -2.68         37.54         155%     Bullish      RED    .248     .528
---------------------------------------------------------------------------------------------
SOXL      162.17    1.72     161.21       -118.9%   Bullish      RED    .323     .006
---------------------------------------------------------------------------------------------
TECL      126.27   -1.47     125.38       -7.9%     Bullish      RED    .225     .072
---------------------------------------------------------------------------------------------
IBB       110.6   -1.38      110.41        100.8%   Bullish      RED    .066    -.038
---------------------------------------------------------------------------------------------
GLD       127.17    .21      124.73        74.1%    Bullish      BLUE   .35     -.051
---------------------------------------------------------------------------------------------
OIL       7.08   -.07        6.94          207.4%   Bullish      ----   .298     .137
---------------------------------------------------------------------------------------------
OIH       28.51   -.66       28.18         22.7%    Bullish      RED    .361     .064
---------------------------------------------------------------------------------------------
GASL      29.52   -1.44      28.98         132.1%   Bullish      RED    .108     .119
---------------------------------------------------------------------------------------------
UGA       32.8   -.12        32.7          111.9%   Bullish      RED    .109    -.056
---------------------------------------------------------------------------------------------
UUP       23.58   -.13      W24.12        -102.2%   Bearish      RED   -.08     -.143
---------------------------------------------------------------------------------------------
IEF       104.62    .05      104.6        -22.9%    Bullish      RED   -.007    -.114
---------------------------------------------------------------------------------------------
XLU       50.15   -.11       W51.3        -163%     Bearish      RED   -.353    -.186
---------------------------------------------------------------------------------------------
WEAT      5.88   -.04        W6.06        -99.4%    ----         ----   .095    -.149
---------------------------------------------------------------------------------------------
YINN      42.54   -.03       39.54         329.1%   Bullish      RED    .094     .178
---------------------------------------------------------------------------------------------
RSX       22.78   -.53       22.75        -8.7%     Bullish      RED    .282     -.065
---------------------------------------------------------------------------------------------
AAPL      176.19   -.9       174.33        52.6%    Bullish      RED    .109     -.045
---------------------------------------------------------------------------------------------
GOOG      1121.76   -.5      1106.26       66.8%    Bullish      RED    .164     -.007
---------------------------------------------------------------------------------------------
MSFT      88.35   -1.25      88.22         4%       Bearish      RED    .083     -.039
---------------------------------------------------------------------------------------------
AMZN      1304.86   -.34     1252.7        228.8%   Bullish      RED    .307     .081
---------------------------------------------------------------------------------------------
FB        178.39   -.98     W187.87       -265.5%   Bullish      RED     .061    -.124
---------------------------------------------------------------------------------------------
NVDA     220.11   -2.87     W221.94       -42.4%    Bullish      RED    .192    -.039
---------------------------------------------------------------------------------------------
BA        335.16   -1.05     318.43        387.6%   Bullish      RED     .149     .196
---------------------------------------------------------------------------------------------
GS        258.46    1.43     253.94        130.7%   Bearish      RED   -.144    -.043
---------------------------------------------------------------------------------------------
HD        196.31   -.11      193.1         110.3%   Bullish      RED   -.081     .086
---------------------------------------------------------------------------------------------
CAT        169.31   -.99     166.43        97.9%    Bullish      RED    .334     .141
Table 2
COMPARISONS OF BULLISH AND BEARISH GROUPS

                     1/13   1/12    1/11    1/10   1/9      1/8     1/5     1/4     1/3     1/2   12/29   12/28 12/27  12/26   12/22    12/21  12/20  12/19  12/18  12/15  
NEWHIGHS      267  905    824    313    516   651   683    610   548   479    166     336     253    308      262     317    247    210    553    309      
NEWLOWS         67    90       67      78     76      51     51       61    61      39       32       28        21      26       32        45       50     45       43      49    

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
        48   293    239    111   112    154     118    108    113      107    157       86         97    105        70         81       60       60     133     122   
MINCPs        
    188  122      87   146    162     189       92     113     97     108      37       35         74      70        74         81     127     117        76       65  
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
      79   162    154     75       92       89       82    84    100    107     70    102         97    103        72         89       65       71      146    118    
TTTNLs        
    219   157    139    240    207    169    162  141    129    193    238   108         93    114      147       121     187     129       90       98  
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP       
    135  190     188    137   165    297    264   264  199   177      117    166       179   195      222     238    143     172     166   126   
FASTDOWN
    126    92       90       99   101      72      52      42    36      35         58      48         56     70         60       63      78     183        96   125  
Table 3
Count of Stocks and New Highs in Key Tiger Directories
Date = 180116
               No.           NHs           Pct.
-------------------------------------------------------------------
ETFS           65            20            31 %
BIGBANKS       7             2             29 %
DJI-13         13            3             23 %
FINANCE        93            18            19 %
CHINA          64            10            16 %
======================================================
DOWJONES       30            4             13 %
MILITARY       38            5             13 %
GAMING         28            3             11 %
JETS           9             1             11 %
SP-100         96            10            10 %
INDEXES        195           18            9 %
MORNSTAR       238           22            9 %
COMPUTER       23            2             9 %
SOFTWARE       66            5             8 %
SP500          485           35            7 %
RUS-1000       837           55            7 %
NASD-100       100           7             7 %
GREEN          31            2             6 %
HOMEBLDG       17            1             6 %
OILGAS         141           8             6 %
AUTO           39            2             5 %
SEMI           131           6             5 %
TRANSP         20            1             5 %
INDMATER       90            4             4 %
ELECTRON       179           8             4 %
BIOTECH        387           17            4 %
GOLD           51            2             4 %
RETAIL         53            2             4 %
REGBANKS       33            1             3 %
NIFTY          30            1             3 %
INFRA          35            1             3 %
UTILITY        43            1             2 %
BONDFUND       111           2             2 %
REIT           178           2             1 %
=================================================
None BIGMIL  CHEM  HACKERS INSURANC SOLAR    COAL   
EDU   PIPELINE   COMODITY  BEVERAGE  FOOD  HOSPITAL                         0 %
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/16/18
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGMIL         1             1             1             1             1             1 
DJI-13         1             1             .923          .923          .923          .923 
TRANSP         .95           1             1             .9            .9            1 
ETFS           .938          .938          .923          .892          .923          .938 
DOWJONES       .933          .9            .9            .866          .866          .866 
INDEXES        .917          .851          .841          .841          .851          .815 
INFRA          .914          .942          .914          .828          .857          .942 
MORNSTAR       .903          .903          .911          .878          .89           .915 
AUTO           .897          .923          .923          .846          .871          .846 
SP-100         .895          .916          .916          .875          .895          .875 
JETS           .888          1             1             .888          .777          1 
GOLD           .882          .862          .784          .764          .686          .764 
FINANCE        .881          .913          .913          .86           .774          .741 
COMPUTER       .869          .826          .739          .695          .652          .782 
BIGBANKS       .857          1             1             1             .857          .857 
GAMING         .857          .857          .892          .785          .821          .892 
NASD-100       .84           .84           .83           .81           .87           .84 
RETAIL         .83           .849          .849          .792          .792          .792 
MILITARY       .815          .868          .815          .763          .763          .71 
OILGAS         .815          .836          .829          .78           .808          .794 
CHINA          .812          .781          .812          .796          .812          .812 
COAL           .8            .9            .9            .8            .9            .9 
INDMATER       .8            .822          .822          .755          .744          .788 
NIFTY          .8            .8            .8            .8            .833          .866 
-----------------------------------------------------------------------------------------------
SP500          .797          .802          .804          .769          .791          .795 
HOMEBLDG       .764          .823          .882          .823          .764          .764 
HACKERS        .76           .72           .72           .64           .72           .68 
REGBANKS       .757          .878          .848          .696          .666          .484 
RUS-1000       .755          .776          .771          .728          .752          .757 
HOSPITAL       .75           1             .875          .625          .625          .625 
SOFTWARE       .742          .757          .727          .666          .712          .727 
GREEN          .741          .709          .741          .645          .677          .709 
PIPELINE       .714          .714          .714          .714          .857          .714 
CHEM           .703          .734          .734          .656          .656          .656 
BEVERAGE       .7            .75           .7            .75           .8            .65 
COMODITY       .681          .681          .695          .681          .695          .681 
ELECTRON       .586          .614          .631          .564          .592          .675 
BIOTECH        .578          .64           .635          .599          .589          .568 
EDU            .571          .714          .571          .571          .571          .571 
SOLAR          .571          .571          .619          .571          .571          .619 
SEMI           .534          .564          .595          .541          .587          .694 
INSURANC       .531          .562          .5            .468          .437          .437 
N=42
============================================================================================
REIT           .146          .151          .179          .134          .129          .235 
FOOD           .133          .133          .2            .266          .333          .266 
UTILITY        .116          .139          .139          .116          .116          .139 
BONDFUND       .099          .117          .171          .207          .252          .387 
N=4


===============================================================================
                1/12/2018   
 The September Buy B21 still operates and predicts higher prices.

                                    
When the lower support is accelerating up and prices breakout above
                                     flat or rising resistance, we often see swift vertical ascents. This is
                                     rare for the DJIA.  1915 shows this most clearly. (See its chart further below.)
                                     And that produced the single best year for the DJI ever. Usually we see such
                                     moves in commodities  or in the climactic blow-offs in smaller, speculative stocks. 
                                    
                                     The major market ETFs, led by the DJI-30 (DIA) is running away  from anyone
                                     who hesitates.  Many Trump haters are being left behind. Our people should
                                     separate politics and the stock market enough to take advantage of the trends no
                                     matter what you think of the President's lies and vulgarity.  There are still a lot of
                                     people, even Professionals, who are still not aboard this bull market because they
                                     cannot make this distinction.  That's one more reason for thinking it has much further to
                                     go on the upside.

                                     Boeing and Caterpillar, representing Big Military and Infrastructure Spending, are
                                     the leaders.  They are up a lot, true.  But the lesson of 1921-1929 is that they can
                                     go much higher unless the FED tightens money for Wall Street speculation, something
                                     which they very rarely do. As it is, higher performance money must play these leaders
                                     and DIA, in particular.  Relax and enjoy the ride.  Peerless teaches us that we will
                                     see obvious divergences and an obvious top formation when the top is reached.
                          
                                     If you are a Republican, I would not worry about the Democrats taking all the
                                     fun away in November Elections.  That is far away, number one.  The rising market
                                     is helping a lot of workers' 401Ks and mutual funds, number two.  People vote their
                                     pocket book.  And finally, even if Trump were impeached, a President Pence
                                     would change nothing regarding De-Regulation, Taxation, Off-Shore Leasing,
                                     Privatization or Infrastructure Spending.  My advise is do not listen to CNN.  They
                                     thrive on drama.  We should focus on the market's technicals. This seems to be
                                     a once-in-a-generation MELT-UP.  This is the 1920s!  If I'm right, expect to see
                                     the fashions from then make a return, too!
.

                                                  
                                                      










          These are the INFRASRUCTURE STOCKS NOW in our Tiger Download for this.
          Any additional suggestions would be welcome:
         
AA, ACM, AKS, AWI, BHP, BIP, CAT, CBI, CLF, CX, DE, ENB, EXP, FLR
          GVA, IGF, JEC, MIC, MLM, MSB, NUE, PWR, RIO, SLM, STLD, TEX, TPC
          TOLZ, URI, USCR, UTF, VALE, VMC, X, ZEUS

                                                            Charts 1/12/2018 

                     
 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)

                               
1/12/2018   Bullish MAXCPs     Bearish MINCPs
                                          
                                           Well-Tested (3x) Accelerating Uptrends in DJI
                           1915 -
                           1944-1945
                           1978
                           1986-1987
1915
1944-1945
 
1978
1986-1987
 
2018
Table 1
 
 
                     QUICKSILVER on ETFS - 01/12/18
  
ETF      CLOSE   CHANGE     PIVOT-PT      5-dma AROC   CL-PWR      CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       257.91    2.3      252.59        102.3%      Bullish      BLUE   .146    ----
---------------------------------------------------------------------------------------------
COMPQX    7261.06    49.28   7157.39       86.9%       Bullish      BLUE   .249    -.025
---------------------------------------------------------------------------------------------
SPY       277.92    1.8      273.92        82%         Bullish      BLUE   .099    -.023
---------------------------------------------------------------------------------------------
QQQ       164.49    1.2      162.55        79.1%       Bullish      BLUE   .266    -.023
---------------------------------------------------------------------------------------------
MDY       357.2    .9        353.45        80.4%       Bullish      BLUE   .07    -.033
---------------------------------------------------------------------------------------------
IWM       158.16    .66      155.03        108.4%      Bullish      BLUE   .076    -.044
---------------------------------------------------------------------------------------------
FAS       74.51    1.18      71.05         248.2%      ----         BLUE   .008     .131
---------------------------------------------------------------------------------------------
RETL      42.68    1.51      38.77         576.4%      Bullish      BLUE   .36     .638
---------------------------------------------------------------------------------------------
SOXL      160.45    2.45    W165.98       -58.5%       Bullish      BLUE   .331    -.02
---------------------------------------------------------------------------------------------
TECL      127.74    1.94     126.47        104.1%      Bullish      BLUE   .257     .082
---------------------------------------------------------------------------------------------
IBB       111.98    .75      108.37        97.6%       Bullish      BLUE   .159    -.035
---------------------------------------------------------------------------------------------
GLD       126.96    1.52     125.31        65.1%       Bullish      BLUE   .342    -.052
---------------------------------------------------------------------------------------------
OIL       7.15    .1         6.79          289.4%      Bullish      BLUE   .287     .142
---------------------------------------------------------------------------------------------
OIH       29.17    .18       28.38         227.6%      Bullish      BLUE   .413     .099
---------------------------------------------------------------------------------------------
GASL      30.96    .47       28.74         494%        Bullish      BLUE   .164     .268
---------------------------------------------------------------------------------------------
UGA       32.92    .19       32.07         152.6%      Bullish      BLUE   .134    -.047
---------------------------------------------------------------------------------------------
UUP       23.71   -.25      W24.07        -52%         Bearish      RED   -.114    -.139
---------------------------------------------------------------------------------------------
IEF       104.57   -.07     W105.1        -27.7%       Bullish      BLUE   .017    -.119
---------------------------------------------------------------------------------------------
XLU      50.26   -.29       W51.81        -104.6%      Bearish      RED   -.364    -.192
---------------------------------------------------------------------------------------------
WEAT      5.92   -.16       W6            -82.6%       ----         RED    .14    -.149
---------------------------------------------------------------------------------------------
YINN      42.57    2.16      39.88         401%        Bullish      BLUE   .19     .201
---------------------------------------------------------------------------------------------
RSX       23.31    .17       22.82         142.3%      Bullish      BLUE   .379    -.034
---------------------------------------------------------------------------------------------
AAPL      177.09    1.81     174.35        59.8%       Bullish      BLUE   .136    -.056
---------------------------------------------------------------------------------------------
GOOG      1122.26    16.74   1106.94       90.7%       Bullish      BLUE   .183     0
---------------------------------------------------------------------------------------------
MSFT      89.6    1.52       88.28         80%         ----         BLUE   .12    -.027
---------------------------------------------------------------------------------------------
AMZN      1305.2    28.52    1246.87       303.8%      Bullish      BLUE   .373     .077
---------------------------------------------------------------------------------------------
FB        179.37   -8.4     W188.28       -199.2%      Bullish      BLUE   .15    -.108
---------------------------------------------------------------------------------------------
NVDA     222.98    -1.1      222           171.2%      Bullish      RED    .17    -.026
---------------------------------------------------------------------------------------------
BA        336.21    8.09     310.15        431.5%      Bullish      BLUE   .226     .199
---------------------------------------------------------------------------------------------
GS        257.03    1.9      251.81        29.7%       Bearish      BLUE  -.192    -.044
---------------------------------------------------------------------------------------------
HD        196.42    1.74     192.04        101.6%      Bullish      BLUE  -.032     .081
---------------------------------------------------------------------------------------------
CAT        170.3    1.1      166.03        251.4%      Bullish      BLUE   .437     .15


 

Table 2
COMPARISONS OF BULLISH AND BEARISH GROUPS

                   1/12    1/11    1/10   1/9      1/8     1/5     1/4     1/3     1/2   12/29   12/28 12/27  12/26   12/22    12/21  12/20  12/19  12/18  12/15  12/14  
NEWHIGHS    905    824    313    516   651   683    610   548   479    166     336     253    308      262     317    247    210    553    309     103    
NEWLOWS      90     67      78     76      51     51       61    61      39       32       28        21      26       32        45       50     45       43      49       56   

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
    293  239   111   112   154    118    108  113      107       157       86         97    105        70         81       60       60      133     122      53    
MINCPs        
  122     87   146   162   189     92      113    97     108         37       35         74      70        74         81     127     117        76       65     142    
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
   162  154     75     92     89       82    84    100    107        70    102         97    103        72         89       65       71      146    118       75      
TTTNLs        
   157  139    240    207   169    162  141  129    193      238    108         93    114      147       121     187     129       90       98     192      
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP       
   190 188  137   165    297    264   264  199   177      117    166       179   195      222     238    143     172     166   126    123  
FASTDOWN
     92   90    99   101      72      52      42    36      35         58      48         56     70         60       63      78     183        96   125    109 

Table 3
 Count of Stocks and New Highs in Key Tiger Directories
Date = 180112
-------------------------------------------------------------------
BIGMIL         6             5             83 %
ETFS           65            41            63 %
DJI-13         13            8             62 %
TRANSP         20            12            60 %
JETS           9             5             56 %
INDEXES        195           103           53 %
INFRA          12            6             50 %
MORNSTAR       238           115           48 %
BIGBANKS       7             3             43 %
DOWJONES       30            13            43 %
MILITARY       38            16            42 %
SP-100         96            37            39 %
FINANCE        93            35            38 %
SP500          485           165           34 %
AUTO           39            13            33 %
NIFTY          30            10            33 %
RETAIL         53            17            32 %
CHINA          64            20            31 %
COMPUTER       23            7             30 %
NASD-100       100           28            28 %
RUS-1000       837           223           27 %
COMODITY       69            18            26 %
HOMEBLDG       17            4             24 %
OILGAS         141           30            21 %
REGBANKS       33            6             18 %
INDMATER       90            16            18 %
=====================================================
SOFTWARE       66            9             14 %
GREEN          31            4             13 %
FOOD           15            2             13 %
CHEM           64            7             11 %
GAMING         28            3             11 %
ELECTRON       179           18            10 %
SOLAR          21            2             10 %
COAL           10            1             10 %
SEMI           131           12            9 %
BIOTECH        387           35            9 %
GOLD           51            4             8 %
INSURANC       32            2             6 %
HACKERS        25            1             4 %
BONDFUND       111           3             3 %
UTILITY        43            1             2 %
REIT           178           1             1 %
-----------------------------------------------------
None = EDU   PIPELINE  LEVERAGE  HOSPITAL 


 

Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/12/18
 Bullish = 42
 Bearish = 4
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       100%          1             1             .857          .857          .857 
BIGMIL         1             1             1             1             1             1 
DJI-13         1             .923          .923          .923          .923          .923 
HOSPITAL       1             .875          .625          .625          .625          .75 
INFRA          1             1             1             1             1             1 
JETS           1             1             .888          .777          1             1 
TRANSP         1             1             .9            .9            1             1 
ETFS           .938          .923          .892          .923          .938          .938 
AUTO           .923          .923          .846          .871          .846          .923 
SP-100         .916          .916          .875          .895          .885          .875 
FINANCE        .913          .913          .86           .774          .741          .731 
MORNSTAR       .903          .911          .878          .89           .915          .911 
COAL           .9            .9            .8            .9            .9            1 
DOWJONES       .9            .9            .866          .866          .9            .9 
REGBANKS       .878          .848          .696          .666          .484          .484 
MILITARY       .868          .815          .763          .763          .71           .763 
GOLD           .862          .784          .764          .686          .764          .784 
GAMING         .857          .892          .785          .821          .892          .857 
INDEXES        .851          .841          .841          .851          .81           .805 
RETAIL         .849          .849          .792          .792          .792          .792 
NASD-100       .84           .83           .81           .87           .84           .82 
OILGAS         .836          .829          .78           .808          .794          .801 
COMPUTER       .826          .739          .695          .652          .782          .695 
HOMEBLDG       .823          .882          .823          .764          .764          .882 
INDMATER       .822          .822          .755          .744          .788          .766 
SP500          .802          .804          .769          .791          .797          .785 
NIFTY          .8            .8            .8            .833          .866          .833 
CHINA          .781          .812          .796          .812          .812          .812 
RUS-1000       .776          .771          .728          .752          .759          .751 
SOFTWARE       .757          .727          .666          .712          .727          .727 
BEVERAGE       .75           .7            .75           .8            .7            .75 
CHEM           .734          .734          .656          .656          .656          .656 
HACKERS        .72           .72           .64           .72           .68           .76 
EDU            .714          .571          .571          .571          .571          .428 
PIPELINE       .714          .714          .714          .857          .714          .714 
GREEN          .709          .741          .645          .677          .709          .645 
COMODITY       .681          .695          .681          .695          .681          .739 
BIOTECH        .64           .635          .599          .589          .565          .591 
ELECTRON       .614          .631          .564          .592          .675          .675 
SOLAR          .571          .619          .571          .571          .619          .619 
SEMI           .564          .595          .541          .587          .694          .679 
INSURANC       .562          .5            .468          .437          .437          .5 
N= 42
==============================================================================================
REIT           .151          .179          .134          .129          .23           .202 
UTILITY        .139          .139          .116          .116          .139          .162 
FOOD           .133          .2            .266          .333          .266          .4 
BONDFUND       .117          .171          .207          .252          .369          .333 
N=4


==============================================================================
               1/11/2018   
 The September Buy B21 still operates and predicts higher prices.

                                    There were 1610 more up than down on the NYSE.  This is the best
                                    breadth since September 11th last year when the DJI began the big
                                    advance that is continuing full force now.  What lifted the market so
                                    much today, I believe, was its move past the expected resistance at
                                    12500 and the Labor Department's report. just before the market opened,
                                    that December's Producer Price Index fell by 0.1 over November's.  This
                                    gives bulls hopes that tomorrow's CPI annual change will continue to be
                                    well below the +3.2% rate that past history suggests we should worry about.
                                    ( https://www.bls.gov/news.release/ppi.nr0.htm )

                                    Monday is our national celebration of civil rights' martyr Martin Luther King's
                                    birthday. 
Trading the day before a holiday typically beings an advance.
                                    Enjoy the three day weekend.  I've matched the Peerless key values with
                                    those most similar in the past.  As you can see from Table A tonight, the DJI
                                    should keep rising so long as the V-I is in an uptrend.  The momentum of
                                    the DJI's hyperbolic uptrend is accelerating. 
We could see some spectacular
                                    DJI gains soon if the parallel hyperbolic uptrend shown in the DJI chart is
                                    violated to the upside.
   The NASDAQ has broken above its year-long upper
                                    channel boundary, as have the SP-500, NYSE, OEX and QQQ.  Foreign ETFs
                                    are also very strong. 
                                   
                                   
The falling Bond market, Utilities and REITs reflect the flight of fixed income investors
                                    into equities with growth prospects
that can protect them, they trust, from the increasing
                                    likelihood of Inflation.
These three groups and falling Food Commodities are the
                                    only sectors that have more stocks below their 65-dma than above.  This is now
                                    a very broad advance even though its leaders in the DJI-30 are making the biggest,
                                    gawdiest advances.

                                   
What moves the market these days?  More than technological and scientific
                                    breakthroughs, I would bet on those sectors and stocks that look like they
                                    will soon be the beneficiaries of a lot more Government Spending .  This translates
                                    into BA and CAT in the DJI-30.   








 

 
Table A     Is A Weak IP21 A Problem at This Time of Year with DJI 2.7% over 21-dma
                  and the P-I positive?

            There were only 4 year-cases.  Trouble only developed when there was a Sell S12 and/or after
            the V-Indicator fell below its 21-dma and is much closer to 0.  In the other 3 cases, the DJI kept
            rising for at least a month and sometimes much more.
 Screener:
 lama    1.025-1.030
         PI >29
         PI-change <-20  
         IP21 .03 to -.03
         Only Januaries
-------------------------------------------------------------------------------------
              Date            DJI          LA/MA        P-I             IP21    V-I
 Now          20180111     25574.73        1.027        277             .017    +76
-----------------------------------------------------------------------------------
 1            19360113       146.5         1.027         59.5          .025     +44
 DJI fell to 21-dma @143.5 0n 1/21 and then rose to 161.9 on 4/6/1936. 
--------------------------------------------------------------------------------- 
 2            19800121       872.78        1.029         97.6          .005     +2
 3            19800125       876.11        1.025         109.3        -.011     +3
 4            19800128       878.5         1.025         123.3        -.004     +3
 5            19800130       881.91        1.025         113           .016     +3
 DJI rose to 903.84 on 2/13/1980. (S9/S15 Silver bubble). DJI then fell 16% in 5 wks.
---------------------------------------------------------------------------------
 6  Sell S12  19830113       1073.95       1.025         147.8        -.008     +7
 7            19830114       1080.85       1.028         213           .023     +10
 8            19830117       1084.81       1.027         241.2         .023     +11
 DJI fell to lower band @1030.17 on 1/24 and then rallied strongly. 
---------------------------------------------------------------------------------
 9            19910128       2654.46       1.03          80.2          .028     +2
 DJI rose to 3004.46 on 4/17/1991.

 

                                                     Charts 1/11/2018 

                     
 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)

                               
1/11/2018   Bullish MAXCPs     Bearish MINCPs

                     QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.
                  QUICKSILVER on ETFS - 01/11/18
  
ETF      CLOSE   CHANGE     PIVOT-PT  5-dma AROC   CL-PWR   CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       255.61    1.99     252.72        99.1%   Bullish      BLUE   .109    ----
---------------------------------------------------------------------------------------------
COMPQX    7211.78    58.21   7136.56       93.8%   Bullish      BLUE   .18    -.019
---------------------------------------------------------------------------------------------
SPY       276.12    2        273.42        82.4%   Bullish      BLUE   .049    -.02
---------------------------------------------------------------------------------------------
QQQ       163.29    1.11     161.92        92%     Bullish      BLUE   .215    -.018
---------------------------------------------------------------------------------------------
MDY       356.3    5.02      351.52        85.1%   Bullish      BLUE   .014    -.022
---------------------------------------------------------------------------------------------
IWM       157.5    2.66      154.79        97.9%   Bullish      BLUE   .024    -.033
---------------------------------------------------------------------------------------------
FAS       73.33    .83       70.94         239.3%  Bearish      BLUE  -.031     .117
---------------------------------------------------------------------------------------------
RETL      41.17    2.98      38.21         514.6%  Bullish      BLUE   .273     .592
---------------------------------------------------------------------------------------------
SOXL      158      2.75     W162.33       -45.1%   Bullish      BLUE   .279    -.004
---------------------------------------------------------------------------------------------
TECL      125.8    1.81      125.13        182.8%  Bullish      BLUE   .224     .086
---------------------------------------------------------------------------------------------
IBB       111.23    .32      109.83        57.3%   Bullish      ----   .14     -.042
---------------------------------------------------------------------------------------------
GLD       125.44    .41      125.33       -.8%     Bullish      BLUE   .35    -.06
---------------------------------------------------------------------------------------------
OIL       7.05    .03        6.75          182.2%  Bullish      ----   .233     .139
---------------------------------------------------------------------------------------------
OIH       28.99    .71       27.88         206.3%  Bullish      BLUE   .351     .109
---------------------------------------------------------------------------------------------
GASL      30.49    2.07      28.1          267.1%  Bullish      BLUE   .118     .307
---------------------------------------------------------------------------------------------
UGA       32.73    .01       31.93         86.6%   Bullish      ----   .093    -.034
---------------------------------------------------------------------------------------------
UUP       23.96   -.1       *23.96         4.2%    ----         ----  -.084    -.12
---------------------------------------------------------------------------------------------
IEF       104.64    .07     W105.15       -30.5%   Bullish      BLUE   .044    -.11
---------------------------------------------------------------------------------------------
XLU      50.55   -.19       W51.33        -78%     Bearish      RED   -.397    -.177
---------------------------------------------------------------------------------------------
WEAT      6.08   -.03        6.02          8.3%    Bullish      ----   .246    -.126
---------------------------------------------------------------------------------------------
YINN      40.41    .74       39.38         181.1%  Bullish      BLUE   .15     .154
---------------------------------------------------------------------------------------------
RSX       23.14    .3        22.66         112.1%  Bullish      BLUE   .312    -.046
---------------------------------------------------------------------------------------------
AAPL      175.28    .99      175           64.6%   Bullish      BLUE   .085    -.044
---------------------------------------------------------------------------------------------
GOOG      1105.52    2.91    1102.23       86.8%   Bullish      RED    .122    -.009
---------------------------------------------------------------------------------------------
MSFT      88.08    .26      W88.19         55.2%   Bearish      ----   .082    -.046
---------------------------------------------------------------------------------------------
AMZN      1276.68    22.35   1229.14       270.8%  Bullish      BLUE   .288     .054
---------------------------------------------------------------------------------------------
FB        187.77   -.07      186.85        92%     Bullish      RED    .149    -.052
---------------------------------------------------------------------------------------------
NVDA     224.08    .4        215.4         239.1%  Bullish      RED    .148     .004
---------------------------------------------------------------------------------------------
BA        328.12    7.86     308.84        505.8%  Bullish      BLUE   .155     .17
---------------------------------------------------------------------------------------------
GS        255.13    .8      W255.52       -33.4%   Bearish      RED   -.178    -.036
---------------------------------------------------------------------------------------------
HD        194.68    2.88     192.5         108.6%  Bullish      BLUE  -.057     .082
---------------------------------------------------------------------------------------------
CAT        169.2    3.33     161.96        297.7%  Bullish      BLUE   .39     .144


 

Table 2       
 
COMPARISONS OF BULLISH AND BEARISH GROUPS

                  1/11   1/10   1/9      1/8     1/5     1/4     1/3     1/2   12/29   12/28 12/27  12/26   12/22    12/21  12/20  12/19  12/18  12/15  12/14   12/13 
NEWHIGHS   824    313    516   651   683    610   548   479    166     336     253    308      262     317    247    210    553    309     103     268   
NEWLOWS     67     78     76      51     51       61    61      39       32       28        21      26       32        45       50     45       43      49       56       25  

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
   239   111   112   154    118    108  113      107       157       86         97    105        70         81       60       60      133     122      53       123 
MINCPs       
     87  146   162   189     92      113    97     108         37       35         74      70        74         81     127     117        76       65     142        67  
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
154     75     92     89       82    84    100    107        70    102         97    103        72         89       65       71      146    118       75      110   
TTTNLs        
 139   240    207   169    162  141  129    193      238    108         93    114      147       121     187     129       90       98     192        99    
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP       
 188  137   165    297    264   264  199   177      117    166       179   195      222     238    143     172     166   126    123     
FASTDOWN
   90    99   101      72      52      42    36      35         58      48         56     70         60       63      78     183        96   125    109     
Table 3
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 2018.01.11
-------------------------------------------------------------------
INFRA          12            7             58 %
TRANSP         20            11            55 %
BIGMIL         6             3             50 %
INDEXES        195           92            47 %
MORNSTAR       238           111           47 %
DJI-13         13            6             46 %
BIGBANKS       7             3             43 %
ETFS           65            26            40 %
GAMING         28            11            39 %
FINANCE        93            31            33 %
NIFTY          30            10            33 %
RETAIL         53            17            32 %
DOWJONES       30            9             30 %
COAL           10            3             30 %
SP-100         96            28            29 %
INDMATER       90            25            28 %
SP500          485           137           28 %
MILITARY       38            10            26 %
HOMEBLDG       17            4             24 %
RUS-1000       837           193           23 %
CHINA          64            15            23 %
COMODITY       70            16            23 %
AUTO           39            8             21 %
OILGAS         141           27            19 %
NASD-100       100           19            19 %
REGBANKS       33            6             18 %
CHEM           64            11            17 %
COMPUTER       23            4             17 %
GREEN          31            5             16 %
===================================================
FOOD           15            2             13 %
SOFTWARE       66            8             12 %
JETS           9             1             11 %
SOLAR          21            2             10 %
HACKERS        25            2             8 %
SEMI           130           11            8 %
BIOTECH        386           30            8 %
ELECTRON       178           13            7 %
INSURANC       32            2             6 %
GOLD           51            2             4 %
REIT           178           1             1 %
-----------------------------------------------------
None:  EDU  UTILITY  PIPELINE  BEVERAGE  BONDFUND   HOSPITAL   
Table 4
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/11/18
 Bullish = 41
 Bearish = 4
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             1             .857          .857          .857          .857 
BIGMIL         1             1             1             1             1             1 
INFRA          1             1             1             1             1             1 
JETS           1             .888          .777          1             1             1 
TRANSP         1             .9            .9            1             1             1 
AUTO           .923          .846          .871          .846          .923          .82 
DJI-13         .923          .923          .923          .923          .923          1 
ETFS           .923          .892          .923          .938          .938          .907 
SP-100         .916          .875          .895          .885          .875          .875 
FINANCE        .913          .86           .774          .741          .731          .698 
MORNSTAR       .911          .878          .89           .915          .911          .882 
COAL           .9            .8            .9            .9            .9            .9 
DOWJONES       .9            .866          .866          .9            .9            .933 
GAMING         .892          .785          .821          .892          .857          .714 
HOMEBLDG       .882          .823          .764          .764          .882          .764 
HOSPITAL       .875          .625          .625          .625          .625          .625 
RETAIL         .849          .792          .792          .792          .792          .83 
REGBANKS       .848          .696          .666          .484          .484          .454 
INDEXES        .841          .841          .851          .81           .805          .841 
NASD-100       .83           .81           .87           .84           .82           .77 
OILGAS         .829          .78           .808          .794          .794          .815 
INDMATER       .822          .755          .744          .788          .755          .755 
MILITARY       .815          .763          .763          .71           .763          .736 
CHINA          .812          .796          .812          .812          .812          .75 
SP500          .804          .769          .791          .797          .783          .773 
NIFTY          .8            .8            .833          .866          .833          .766 
GOLD           .784          .764          .686          .764          .784          .784 
RUS-1000       .771          .728          .752          .759          .749          .739 
GREEN          .741          .645          .677          .709          .645          .645 
COMPUTER       .739          .695          .652          .782          .695          .652 
CHEM           .734          .656          .656          .656          .656          .64 
SOFTWARE       .727          .666          .712          .727          .712          .681 
HACKERS        .72           .64           .72           .68           .72           .64 
PIPELINE       .714          .714          .857          .714          .714          .714 
BEVERAGE       .7            .75           .8            .7            .75           .75 
COMODITY       .7            .685          .7            .685          .742          .742 
BIOTECH        .637          .601          .59           .567          .59           .593 
ELECTRON       .634          .567          .595          .679          .679          .612 
SOLAR          .619          .571          .571          .619          .619          .523 
SEMI           .6            .546          .592          .7            .684          .623 
EDU            .571          .571          .571          .571          .428          .428
============================================================================================= 
INSURANC       .5            .468          .437          .437          .5            .562 
=============================================================================================
FOOD           .2            .266          .333          .266          .4            .466 
REIT           .179          .134          .129          .23           .202          .213 
BONDFUND       .171          .207          .252          .369          .333          .387 
UTILITY        .139          .116          .116          .139          .162          .162 


==============================================================================|
==============================================================================
              1/10/2018   
 The September Buy B21 still operates and predicts higher prices.  Once
                                   again, the market sold off at the opening and then steadily climbed back to
                                   even.  This shows Public Selling and Professional Buying.  That has to be
                                   bullishly interpreted.  Minor declines are typical of hyperbolic uptrends until
                                   there has been a violent vertical rise and a buying climax.  I checked the
                                   past record of weak IP21s in January with the DJI 2.0% to 2.5% over
                                   the 21-day ma.  There were only 3 past instances of this, but the DJI kept
                                   rallying in each case for more than
TWO months more.  See tonight's Table A below





                                  
Bonds, Utilities and REITs got still weaker today, as reports spread that China
                                   may hold back on buy US Treasuries or even become a net Seller.  China has
                                   been a huge buyer of  Treasuries for some time.  Predictably, the Chinese
                                   Government said the rumors were "false"  Read the article in NY Times tonight
.
                                   https://www.nytimes.com/2018/01/10/business/bond-market-central-bank.html?emc=edit_th_20180111&nl=todaysheadlines&nlid=58223894  
                                  
True or not, the Chinese could be sending a message to the Americans that
                                   the size of the US Debt is starting to alarm them and the Trump Administration
                                   should not go down the path of Protectionism. 

                                  
On Friday, we learn the latest CPI-Inflation numbers.  These will be the most
                                   important factor, I believe, in the FED's calculations about how fast to raise
                                   interest rates
The biggest contributor to the CPI is the Price of Crude Oil. 
                                   The second biggest, or to close to the second, is the level of interest rates themselves.
                                   With the current 12-month CPI figure at 2.1%, there would still seem to plenty of room
                                   for the stock market to continue to rally before Inflation pushes the Fed's to raise rates
                                   so high that they hurt the blue chips in the DJI-30.  Until then, some of the money that
                                   comes out of bonds will surely go into stocks.



 

 Table A     Is A Weak IP21 A Problem at This Time of Year with DJI 2.1% over 21-dma
                  and the P-I positive but falling on last trading day?

            There were only 3 cases.  In both, the DJI kept rising for more than a month.
 
 Screener:
 lama    1.02-1.025  
         PI >29
         PI-change <-20  
         IP21 .03 to -.03
         Only Januaries
             DJI    la/ma  P-I    PI ch. IP21 V-I  OPct  65dUppct 65dAROC
 1 19970109 6625.67 1.024  113.1  -31      0  -13  .311   .108   .39  
 Rising to all-time-high.
   DJI rose to 7085.16 on 3/11/97 and then fell below lower band to 6391.89 (149-dma)
   S9V @ 7020.13 on 2/19/1997 (la/ma=1.026 P=94,IP21=.073,VI=-6, OP=-.059
---------------------------------------------------------------------------------
 2 20120105 12415.7 1.023  161.8  -51   -.006 -26  .005   .165   .57
 Rising to all-time-high.
   DJI rose to 13279.32 on 5/1/12 and then fell below lower band to 12101.46 (200-dma)
---------------------------------------------------------------------------------
 3 20120111 12449.45 1.021 275.3  -87   -.019 +8   -.088  .121   .43
 Rising to all-time-high. 
   DJI rose to 13279.32 on 5/1/12 and then fell below lower band to 12101.46 (200-dma)
---------------------------------------------------------------------------------


 
                                                   Charts 1/10/2018 

                     
 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)

                               
1/10/2018   Bullish MAXCPs     Bearish MINCPs
Table 1
                     QUICKSILVER on ETFS - 01/10/18
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC  CL-PWR      CANDLE  IP21    ITRS
---------------------------------------------------------------------------------------------
DIA       253.62   -.2       250.6         92.8%   Bullish      BLUE   .096     ---
---------------------------------------------------------------------------------------------
COMPQX    7153.57   -10.01   7077.91       61.8%   Bullish      BLUE   .164    -.016
---------------------------------------------------------------------------------------------
SPY       274.12   -.42      271.61        66.9%   Bullish      BLUE   .053    -.019
---------------------------------------------------------------------------------------------
QQQ       162.18   -.38      160.31        66.6%   Bullish      BLUE   .213    -.011
---------------------------------------------------------------------------------------------
MDY       351.28   -1.62     350.31        28.6%   ----         RED   -.043    -.032
---------------------------------------------------------------------------------------------
IWM       154.84    .02      154.47        25.2%   Bearish      BLUE  -.053    -.049
---------------------------------------------------------------------------------------------
FAS       72.5    .71        69.92         258.1%  Bearish      BLUE  -.095     .105
---------------------------------------------------------------------------------------------
RETL      38.19    .65       37.26         22.4%   ----         BLUE   .211     .405
---------------------------------------------------------------------------------------------
SOXL      155.25   -5.96    W159.45       -45%     Bullish      RED    .264     0
---------------------------------------------------------------------------------------------
TECL      123.99   -1.39     121.25        193.9%  Bullish      BLUE   .235     .094
---------------------------------------------------------------------------------------------
IBB       110.91    .5       109.97        1.4%    Bullish      BLUE   .094    -.03
---------------------------------------------------------------------------------------------
GLD       125.03    .3      W125.46        8.4%    Bullish      RED    .343    -.049
---------------------------------------------------------------------------------------------
OIL       7.02    .08        6.8           183.6%  Bullish      ----   .415     .151
---------------------------------------------------------------------------------------------
OIH       28.28    .1        27.83         190%    Bullish      ----   .35     .112
---------------------------------------------------------------------------------------------
GASL      28.42   -.56      W28.96         3.5%    Bullish      RED    .105     .251
---------------------------------------------------------------------------------------------
UGA       32.72    .02       32.17         105.6%  Bullish      ----   .149    -.025
---------------------------------------------------------------------------------------------
UUP       24.06   -.06       23.94         8.3%    ----         BLUE  -.068    -.108
---------------------------------------------------------------------------------------------
IEF       104.57   -.03     W105.28       -36.2%   ----         BLUE   .019    -.095
---------------------------------------------------------------------------------------------
XLU      50.74   -.56       W51.35        -100.9%  Bearish      RED   -.334    -.161
---------------------------------------------------------------------------------------------
WEAT      6.11    .05        6.07          16.5%   Bullish      ----   .207    -.113
---------------------------------------------------------------------------------------------
YINN      39.67    .13       38.98         145.2%  Bullish      BLUE   .107     .089
---------------------------------------------------------------------------------------------
RSX       22.84    .09       22.63         166%    Bullish      BLUE   .301    -.044
---------------------------------------------------------------------------------------------
AAPL      174.29   -.04      173.03        59.3%   Bullish      BLUE   .12    -.014
---------------------------------------------------------------------------------------------
GOOG      1102.61   -3.65    1086.4        91.8%   Bullish      BLUE   .119    -.001
---------------------------------------------------------------------------------------------
MSFT      87.82   -.4        87.11         83.9%   Bearish      BLUE   .083    -.035
---------------------------------------------------------------------------------------------
AMZN      1254.33    1.63    1209.59       204%    Bullish      BLUE   .273     .056
---------------------------------------------------------------------------------------------
FB        187.84   -.03      184.33        85%     Bullish      BLUE   .126    -.027
---------------------------------------------------------------------------------------------
NVDA     223.68     1.74     213.59        258.2%  Bullish      BLUE   .201     .025
---------------------------------------------------------------------------------------------
BA        320.26    1.83     296.67        366.5%  Bullish      BLUE   .1      .166
---------------------------------------------------------------------------------------------
GS        254.33    .39     W256.83        20.5%   Bearish      RED   -.202    -.031
---------------------------------------------------------------------------------------------
HD        191.8   -1.3       190.51        72.9%   Bullish      RED   -.082     .063
---------------------------------------------------------------------------------------------
CAT        165.87   -.56     159.44        264.8%  Bullish      ----   .348     .121
Table 2       
 
COMPARISONS OF BULLISH AND BEARISH GROUPS

                  1/10   1/9      1/8     1/5     1/4     1/3     1/2   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19  12/18  12/15  12/14   12/13  12/12
NEWHIGHS   313  516   651  683   610   548   479    166   336     253    308      262     317    247    210    553    309     103     268    223 
NEWLOWS      78    76     51     51      61    61     39      32    28        21      26         32       45      50       45        43      49        56       25      52

-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
  111   112   154    118    108  113     107     157      86        97    105        70         81      60       60      133      122        53       123      83 
MINCPs       
 146   162   189     92      113    97    108      37      35         74      70        74         81    127     117        76        65       142        67      99   
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
 75     92     89       82    84    100   107      70    102       97    103        72         89      65       71      146    118      75      110      72 
TTTNLs        
240    207   169    162  141  129   193     238    108       93     114      147     121    187     129       90       98    192        99     161 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP       
137  165    297    264   264  199  177     117  166   179     195      222     238    143     172     166     126    123   175    101   
FASTDOWN
  99    101      72       52      42      36    35        58     48     56        70         60        63      78      183        96     125    109       91     132 
Table 3
 
 Count of Stocks and New Highs in Key Tiger Directories
Date = 2018.01.10
               No.          NHs            Pct.
-------------------------------------------------------------------
BIGBANKS       7             4             57 %
BIGMIL         6             3             50 %
NIFTY          30            8             27 %
FINANCE        93            24            26 %
DJI-13         13            3             23 %
MILITARY       38            8             21 %
SP-100         96            17            18 %
GAMING         28            5             18 %
DOWJONES       30            5             17 %
INFRA          12            2             17 %
COMODITY       69            11            16 %
REGBANKS       33            5             15 %
SP500          485           74            15 %
===================================================
MORNSTAR       238           34            14 %
INDEXES        195           25            13 %
HOMEBLDG       17            2             12 %
ETFS           65            8             12 %
RUS-1000       837           92            11 %
CHINA          64            7             11 %
TRANSP         20            2             10 %
COAL           10            1             10 %
NASD-100       100           9             9 %
RETAIL         53            5             9 %
AUTO           40            3             7 %
INDMATER       90            6             7 %
OILGAS         141           9             6 %
BIOTECH        387           23            6 %
INSURANC       32            2             6 %
SOFTWARE       66            3             5 %
BEVERAGE       20            1             5 %
COMPUTER       23            1             4 %
GREEN          31            1             3 %
CHEM           64            2             3 %
SEMI           131           4             3 %
ELECTRON       179           3             2 %
GOLD           51            1             2 %
REIT           178           1             1 %
==================================================
None:  HACKERS  SOLAR  EDU   UTILITY  PIPELINE    
FOOD  BONDFUND  HOSPITAL    JETS    
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/10/18
 Bullish = 41
 Bearish = 5
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             .857          .857          .857          .857          .857 
BIGMIL         1             1             1             1             1             .833 
INFRA          1             1             1             1             1             1 
DJI-13         .923          .923          .923          .923          1             1 
TRANSP         .9            .9            1             1             1             1 
ETFS           .892          .923          .938          .938          .907          .815 
JETS           .888          .777          1             1             1             1 
MORNSTAR       .878          .89           .915          .911          .882          .886 
SP-100         .875          .895          .885          .875          .875          .843 
DOWJONES       .866          .866          .9            .9            .933          .9 
FINANCE        .86           .774          .741          .731          .698          .698 
AUTO           .85           .875          .85           .925          .825          .725 
INDEXES        .841          .851          .81           .805          .841          .83 
HOMEBLDG       .823          .764          .764          .882          .764          .823 
NASD-100       .81           .87           .84           .82           .77           .78 
COAL           .8            .9            .9            .9            .9            .9 
NIFTY          .8            .833          .866          .833          .766          .766 
--------------------------------------------------------------------------------------------
CHINA          .796          .812          .812          .812          .75           .765 
RETAIL         .792          .792          .792          .792          .83           .886 
GAMING         .785          .821          .892          .857          .714          .75 
OILGAS         .78           .808          .794          .794          .815          .822 
SP500          .769          .791          .797          .783          .771          .773 
GOLD           .764          .686          .764          .784          .784          .784 
MILITARY       .763          .763          .71           .763          .736          .657 
INDMATER       .755          .744          .788          .755          .755          .777 
BEVERAGE       .75           .8            .7            .75           .75           .75 
RUS-1000       .728          .752          .759          .749          .741          .747 
PIPELINE       .714          .857          .714          .714          .714          .714 
REGBANKS       .696          .666          .484          .484          .424          .363 
COMODITY       .695          .71           .695          .753          .753          .768 
COMPUTER       .695          .652          .782          .695          .652          .695 
SOFTWARE       .666          .712          .727          .712          .696          .666 
CHEM           .656          .656          .656          .656          .656          .656 
GREEN          .645          .677          .709          .645          .645          .612 
HACKERS        .64           .72           .68           .72           .64           .64 
HOSPITAL       .625          .625          .625          .625          .625          .5 
BIOTECH        .599          .589          .565          .589          .591          .594 
EDU            .571          .571          .571          .428          .428          .428 
SOLAR          .571          .571          .619          .619          .523          .428 
ELECTRON       .564          .592          .675          .675          .608          .592 
SEMI           .541          .587          .694          .679          .618          .603 
============================================================================================
INSURANC       .468          .437          .437          .5            .562          .5 
FOOD           .266          .333          .266          .4            .466          .533 
BONDFUND       .207          .252          .369          .333          .387          .396 
REIT           .134          .129          .23           .202          .213          .325 
UTILITY        .116          .116          .139          .162          .162          .186 
Bearish = 5
 


==============================================================================
==============================================================================
             1/9/2018   
 The September Buy B21 still operates and predicts higher prices.  But today's
                                market looked quite "sloppy", to use a word showing that there was too much
                                heavy lifting done by mostly high-priced DJI-30 stocks.  Despite the DJI's 100
                                point gain, there were 500 more down than up.  Not surprisingly, another early pullback
                                is shaping up for tomorrow.  But without a Peerless Sell, today's "bad breadth"
                                is likely only to bring a shallow retreat by the major indexes. Such is the underlying
                                support gained from the DJI's hyperbolic rising support line and its shallow, optimized
                                1.6% lower band.  See also Table 1 below.  The key major market ETFs' 5-day moving
                                averages and Closing Powers are all still above their 21-day ma.

                                I suspect that there will be no important market top until Congress passes a new
                                Infrastructure Spending Program or, perhaps, fails to despite its need and popularity.
                                My studies of past markets also suggest a top will only become likely when the CPI
                                (rate of Inflation) surpasses 3.1% or short-term interest rates rise above 3.5%. 
                                  
                                Note that big gains made today by all five of the DJI stocks over $190.  These five
                                accounted for $97 of the $102 point gain made by the DJIA: 
BA  318.43 + 8.28,
                                         
GS 253.94 + 2.13, MMM 241.28 + 1.49, UNH 225.88 +1.06 and  HD 193.10 +.06.
                                Gains like this just draw more money to the leading DJI-30 stocks. Big money, I predict,
                                will
NOT soon abandon these high priced blue-chips.  Nor will it start selling the hot
                                Infrastructure stocks before Congress gets a chance to produce its big new subsidy for
                                the group.  Now John Deere (JD) is getting hot.  Tomorrow it may be CAT again. 
                                I expect Democrats and Republicans in Congress to climb all over each other in
                                pushing for much needed infrastructure Federal aid.  This is much needed and should get
                                bi-partisan support. 
                                          (See the hyperbolic rise in the TigerSoft Infrastructure chart further below.)

                                                                   Short-Term Resistance Is Likely at 25500.
                                                            Above that, prices could "go vertical" upwards.
                                           It's not clear where traders can thereafter bunch their sell orders.






                                                                     
                                                     
500 More Down than Up Today on NYSE Warns of Higher Interest Rates

                                         
More dangerous than the leading DJI stocks going up faster and faster is the other story
                                today that was largely concealed by the DJI's nice-looking gain.  This is the story of
                                how Interest Rates are definitely on the rise.  If you are a cynic like I am, I think we can
                                safely bet that insiders at the FED (which remains a privately run bank despite the
                                word "Federal") are already starting to shake up big hedge fund managers about the
                                risks of holding dividend stocks with advance information about how the Fed is planning
                                to raise rates this month or next when Powell takes over as Fed Chairman.
                                (If you think I exaggerate, Google "SAC, insider trading, youtube"
                                or listen to
FRONTLINE - "To Catch a Trader 2017" )

                                That, at least, is how I would interpret the fact that there were 500 more down than
                                up on the NYSE and big declines occurred in Utilities, REITS and Bond Funds. If a
                                marginal 12-month new high by short-term rates can cause this much damage to the
                                group, how much more hurt will be caused by the FED announcement this month or next
                                of another rate hike? 
Watch the Dollar (UUP).  As Oil prices rise, so must the CPI.
                                And it is the CPI more than anything else which moves the FED to raise rates.








 

                                                          Charts 1/9/2018 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  WATT   SQ (Square)

                               
1/9/2018   Bullish MAXCPs     Bearish MINCPs
                     QUICKSILVER on ETFS - 01/09/18
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR   CANDLE     IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       253.82    1.23     248.95        115.7%   Bullish      BLUE   .113    -----
---------------------------------------------------------------------------------------------
COMPQX    7163.58    6.19    7065.53       110.5%   Bullish      RED    .089     .007
---------------------------------------------------------------------------------------------
SPY       274.54    .62      270.47        106.2%   Bullish      BLUE   .073    -.011
---------------------------------------------------------------------------------------------
QQQ       162.56    .01      160.03        126.7%   Bullish      RED    .132     .021
---------------------------------------------------------------------------------------------
MDY       352.9   -.55       349.27        59.9%    ----         RED   -.038    -.024
---------------------------------------------------------------------------------------------
IWM       154.82   -.21      154.06        29.8%    Bearish      RED   -.107    -.045
---------------------------------------------------------------------------------------------
FAS       71.79    .74       68.86         276%     Bearish      BLUE  -.087     .094
---------------------------------------------------------------------------------------------
RETL      37.54   -1.23     W38.02        -65.7%    ----         RED    .249     .31
---------------------------------------------------------------------------------------------
SOXL      161.21   -4.77     156.7         376.1%   Bullish      RED    .186     .108
---------------------------------------------------------------------------------------------
TECL      125.38   -1.09     119.2         371.5%   Bullish      RED    .18     .198
---------------------------------------------------------------------------------------------
IBB       110.41    2.04    W110.88        48.8%    Bullish      BLUE   .092    -.03
---------------------------------------------------------------------------------------------
GLD       124.73   -.58     W124.82       -16.8%    Bullish      BLUE   .343    -.049
---------------------------------------------------------------------------------------------
OIL       6.94    .15        6.77          267.1%   Bullish      BLUE   .392     .176
---------------------------------------------------------------------------------------------
OIH       28.18   -.2        27.22         293.8%   Bullish      RED    .366     .121
---------------------------------------------------------------------------------------------
GASL      28.98    .24       28.4          241.5%   Bullish      RED    .123     .411
---------------------------------------------------------------------------------------------
UGA       32.7    .63        32.04         203.6%   Bullish      BLUE   .106    -.017
---------------------------------------------------------------------------------------------
UUP       24.12    .05       24.02         39.6%    Bearish      ----  -.077    -.106
---------------------------------------------------------------------------------------------
IEF       104.6   -.5       W105.33       -29.5%    Bearish      RED   -.018    -.094
---------------------------------------------------------------------------------------------
XLU      51.3   -.51        W51.78        -86.1%    Bearish      RED   -.284    -.148
---------------------------------------------------------------------------------------------
WEAT      6.06    .06       W6.09         -16.5%    Bullish      BLUE   .078    -.133
---------------------------------------------------------------------------------------------
YINN      39.54   -.34       38.53         259.9%   Bullish      RED    .141     .144
---------------------------------------------------------------------------------------------
RSX       22.75   -.07       22.09         257.2%   Bullish      ----   .295    -.041
---------------------------------------------------------------------------------------------
AAPL      174.33   -.02      172.23        59.7%    Bullish      RED    .053     .022
---------------------------------------------------------------------------------------------
GOOG      1106.26   -.68     1082.48       189.5%   Bullish      RED    .095     .052
---------------------------------------------------------------------------------------------
MSFT      88.22   -.06       86.35         130.2%   ----         RED    .097     .035
---------------------------------------------------------------------------------------------
AMZN      1252.7    5.83     1204.2        261.9%   Bullish      RED    .207     .203
---------------------------------------------------------------------------------------------
FB        187.87   -.41      184.67        174.2%   Bullish      RED    .034     .016
---------------------------------------------------------------------------------------------
NVDA     221.94   -.06       212.47        531.4%   Bullish      RED    .108     .049
---------------------------------------------------------------------------------------------
BA        318.43    8.28     297.8         357.4%   Bullish      BLUE   .089     .143
---------------------------------------------------------------------------------------------
GS        253.94    2.13     253.29       -34%      Bearish      BLUE  -.199    -.035
---------------------------------------------------------------------------------------------
HD        193.1    1.06      189.01        133.1%   Bullish      BLUE  -.032     .066
---------------------------------------------------------------------------------------------
CAT        166.43    .4      157.28        292.8%   Bullish      BLUE   .376     .13

 

Table 2       
 COMPARISONS OF BULLISH AND BEARISH GROUPS

                  1/9    1/8     1/5     1/4     1/3     1/2   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19  12/18  12/15  12/14   12/13  12/12  12/11
NEWHIGHS  516   651  683   610   548   479    166   336     253    308      262     317    247    210    553    309     103     268    223    234  
NEWLOWS     76     51     51      61    61     39      32    28        21      26         32       45      50       45        43      49        56       25      52       41  
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
112   154  118    108  113   107   157    86        97    105        70        81      60       60      133   122       53      123      83      84    
MINCPs       
162   189     92    113    97   108     37    35         74      70        74        81    127     117       76      65     142        67      99      75          
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
92     89     82      84   100  107      70   102       97    10      72         89      65       71      146    118      75      110      72      73 
TTTNLs       
207  169   162    141   129  193   238   108       9
3     114      147     121    187     129       90       98    192        99     161   155   
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP       165    297    264  264  199  177     117  166     179     195      222     238    143     172     166     126    123     175     101    108     
FASTDOWN101    72      52     42    36    35        58    48        56      70         60        63      78     183        96     125    109       91     132    134 

 
 Table 3
   
Count of Stocks and New Highs in Key Tiger Directories
       Date = 2018.01.09
               No.          NHs            Pct
-------------------------------------------------------------------
BIGMIL         6             4             67 %
INFRA          12            5             42 %
DJI-13         13            5             38 %
HOMEBLDG       17            6             35 %
TRANSP         20            7             35 %
INDEXES        195           58            30 %
NIFTY          30            8             27 %
MILITARY       38            9             24 %
MORNSTAR       238           55            23 %
FINANCE        93            20            22 %
ETFS           65            14            22 %
SP500          485           105           22 %
SP-100         96            20            21 %
DOWJONES       30            6             20 %
COMODITY       69            14            20 %
CHINA          64            12            19 %
RUS-1000       837           144           17 %
====================================================
BIGBANKS       7             1             14 %
SOFTWARE       66            9             14 %
NASD-100       100           14            14 %
RETAIL         53            7             13 %
REGBANKS       33            4             12 %
INDMATER       90            10            11 %
COAL           10            1             10 %
CHEM           64            6             9 %
INSURANC       32            3             9 %
HACKERS        25            2             8 %
BIOTECH        387           26            7 %
FOOD           15            1             7 %
GREEN          31            2             6 %
ELECTRON       179           11            6 %
SEMI           131           8             6 %
OILGAS         141           9             6 %
AUTO           39            2             5 %
BEVERAGE       20            1             5 %
GAMING         28            1             4 %
COMPUTER       23            1             4 %
GOLD           50            1             2 %
===================================================
None:  SOLAR  REIT  EDU  UTILITY PIPELINE  BONDFUND 
HOSPITAL   JETS 

 

Table 5
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
             1/9/18
 Bullish = 41
 Bearish =  5 
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGMIL         1             1             1             1             .833          .666 
INFRA          1             1             1             1             1             1 
DJI-13         .923          .923          .923          1             1             .923 
ETFS           .923          .938          .938          .907          .815          .753 
COAL           .9            .9            .9            .9            .9            .9 
TRANSP         .9            1             1             1             1             1 
SP-100         .895          .885          .875          .875          .843          .802 
MORNSTAR       .89           .915          .911          .882          .882          .899 
AUTO           .871          .846          .923          .82           .717          .615 
NASD-100       .87           .84           .82           .77           .77           .72 
DOWJONES       .866          .9            .9            .933          .9            .866 
BIGBANKS       .857          .857          .857          .857          .857          .857 
PIPELINE       .857          .714          .714          .714          .714          .428 
INDEXES        .851          .81           .805          .841          .83           .866 
NIFTY          .833          .866          .833          .766          .766          .666 
GAMING         .821          .892          .857          .714          .75           .714 
CHINA          .812          .812          .812          .75           .765          .734 
OILGAS         .808          .794          .794          .815          .822          .751 
BEVERAGE       .8            .7            .75           .75           .7            .65 
RETAIL         .792          .792          .792          .83           .886          .886 
SP500          .791          .797          .783          .771          .773          .75 
JETS           .777          1             1             1             1             1 
FINANCE        .774          .741          .731          .698          .698          .688 
HOMEBLDG       .764          .764          .882          .764          .823          .705 
MILITARY       .763          .71           .763          .736          .657          .631 
RUS-1000       .752          .759          .749          .741          .747          .72 
INDMATER       .744          .788          .755          .755          .777          .744 
HACKERS        .72           .68           .72           .64           .64           .6 
SOFTWARE       .712          .727          .712          .696          .651          .575 
COMODITY       .71           .695          .753          .753          .768          .768 
GOLD           .68           .76           .78           .78           .78           .82 
GREEN          .677          .709          .645          .645          .612          .58 
REGBANKS       .666          .484          .484          .424          .363          .424 
CHEM           .656          .656          .656          .656          .656          .625 
COMPUTER       .652          .782          .695          .652          .695          .565 
HOSPITAL       .625          .625          .625          .625          .5            .75 
ELECTRON       .592          .675          .675          .608          .592          .513 
BIOTECH        .589          .565          .589          .591          .583          .545 
SEMI           .587          .694          .679          .618          .595          .511 
EDU            .571          .571          .428          .428          .428          .428 
SOLAR          .571          .619          .619          .523          .428          .428 
N= 41
==============================================================================================
INSURANC       .437          .437          .5            .562          .5            .5 
FOOD           .333          .266          .4            .466          .533          .533 
BONDFUND       .252          .369          .333          .387          .396          .216 
REIT           .129          .23           .202          .213          .325          .365 
UTILITY        .116          .139          .162          .162          .209          .255 
N= 5


==============================================================================
             1/8/2018   
 The September Buy B21 still operates and predicts higher prices.  We now
                                see breakouts by DIA, SPY, NYSE, QQQ and TECL above the top of 6mo and
                                1 yr. price channels.  These indexes are entering the exciting vertical up-phases
                                of hyperbolic markets, I believe  Note that the DJI's monthly chart shown just below
                                going back to 2009 does not yet show this.  To me, this suggests there is a lot more
                                upside potential.  (I purloined this chart tonight from TC-2000 using the ever-handy
                                commands Shift + PrintScreen and PaintBrush to save it as a file.).

                                      

                                In any case, without a Peerless Sell signal, we have to hold tight the long positions
                                we now hold.  In addition, I suggest thinking about the logic/the dynamics of the current
                                political economy in the context of accelerating inequality and de-Regulation as they
                                reinforce what seems to be an inexorable and self-reinforcing drive for higher and higher
                                stock prices.  See tonight's Table A. 

                                In the 1920s, the DJI rose from 63.90 on August 21st, 1921 to 381.2 on
                                September 3, 1929.  This was an 8 year and two weeks' gain of  496.5%.
                                In our case, the DJI bottomed of March 9, 2009 at 6547.05. It is now up
                                286.1% in 8 years and about 10 months.  Yes, this an aging bull market, but
                                by the standards of Harding and Coolidge, there is much more head-room.
                                And by the standards of Bill Clinton's 8 years as President applied to the
                                NASDAQ, we should expect still higher prices for the NASDAQ, too.  On
                                January 20th, 1992 the NASDAQ was at 619.38.  Eight years later, by the time
                                he left office it closed at 4189.51 and had risen 576.4%.  The NASDAQ's
                                gain since March 9, 2009 is now 464.2%%.  On this basis, too, there is more
                                upside potential and even more, if we consider that the NASDAQ did not peak
                                until 6 weeks after Clinton left office and by then it had risen another 20.5%.
                                The DJI in 1929 topped out just before the Fed raised the Discount Rate to 6.0%
                                The NASDAQ hit its final high in 2000 a month after Greenpan's FED lifted
                                rates to 5.25%.  (See http://www.tigersoft.com/Tiger-Blogs/8-18-2003/index.htm )
                                The rates now are way below this level and CPI measured Inflation is still one percent
                                below the levels that have caused problems for the market in the past since World War II.
 






                                                    Charts 1/8/2018 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  WATT   SQ (Square)

                               
1/8/2018   Bullish MAXCPs     Bearish MINCPs
   Table A             The Dynamics of Hyperbolic Stock Markets

The stock market's key indexes, DJIA, NYSE, NASDAQ, SP-500, all now show channel breakouts.  These
are the first signs of a developing hyperbolic curves.  Such trends are not sustainable. But for a while the rally
feeds on itself.  It is best game in town. It attracts the gamblers and the economically hard-pressed.  It draws in
the desperate middle class. It also attracts the money  of the super-rich, who are richer than ever now and
cannot keep on buying more homes, boats and cars, so they must buy Boeing and Caterpillar, etc.

The growing Wealth Inequality is a world-wide phenomenon.  The more wealth is concentrated, the more
political power is acquired by those who want Government not to regulate markets and allow markets to go to
their logical extreme.  As a consequence, the stock market will go hyperbolic in our era, I believe.  In this
environment, Corporations know that they can't just produce more goods because the average consumer
is running out of money and credit. So, they buy back their own stock or buy other companies' stocks and
create bigger and bigger trusts, conglomerates and monopolies, instead.  Mutual fund managers who should
know better, can't resist the trend.  They are judged by whether they can match the major indexes'
performances. So, instead of being prudent, they chase the leading stocks and indexes and  up the leading
stocks do, higher and higher until the Bubble is finally pierced. You might think that the  FED might try to
stop this "asset-inflation", but they don't and won't.  Such is their history apart from 1936-1937 and
half-heartedly in 1929.  Their Wall Street  and political masters won't let them.  So, in my judgment,
the model of the 1920s seems the best parallel.  But that was long ago and no one alive has a personal
 memory of the hyperbolic trend then and what drove it higher and higher until the market collapsed.
I will publish electronically my History of the US Stock Market, 1915-1932 in a few weeks for those who
want to read more about this topic that I find so timely.





  Other tulip-markets: Google Silver 1975-1980. BitCoin 2012-2018
Table 1

 
 
                     QUICKSILVER on ETFS - 01/08/18
  
ETF        CLOSE   CHANGE    PIVOT-PT  5-dma AROC   CL-PWR      CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA       252.59   -.13      248.02        104.4%   Bullish      RED    .105     ----
---------------------------------------------------------------------------------------------
COMPQX    7157.39    20.83   7006.9        180.4%   Bullish      BLUE   .111     .007
---------------------------------------------------------------------------------------------
SPY       273.92    .5       268.77        130.6%   Bullish      BLUE   .103    -.01
---------------------------------------------------------------------------------------------
QQQ       162.55    .63      158.49        213.1%   Bullish      BLUE   .142     .019
---------------------------------------------------------------------------------------------
MDY       353.45    1.93     348.7         115.2%   Bullish      BLUE   .014    -.016
---------------------------------------------------------------------------------------------
IWM       155.03    .24      153.9         83.5%    Bearish      BLUE  -.057    -.039
---------------------------------------------------------------------------------------------
FAS       71.05    .11       67.94         192.9%   Bearish      BLUE  -.05      .097
---------------------------------------------------------------------------------------------
RETL      38.77    .56       38.04         363.9%   Bullish      BLUE   .248     .371
---------------------------------------------------------------------------------------------
SOXL      165.98    3.65     149.27        916.9%   Bullish      BLUE   .252     .167
---------------------------------------------------------------------------------------------
TECL      126.47    1.34     116.34        601.8%   Bullish      BLUE   .243     .225
---------------------------------------------------------------------------------------------
IBB       108.37   -1.46    W109.34        73.2%    ----         RED    .072    -.072
---------------------------------------------------------------------------------------------
GLD       125.31   -.02      125.15        66.5%    Bullish      BLUE   .268    -.051
---------------------------------------------------------------------------------------------
OIL       6.79    .04        6.58          186.9%   Bullish      ----   .379     .167
---------------------------------------------------------------------------------------------
OIH       28.38    .5        26.56         429.8%   Bullish      BLUE   .379     .132
---------------------------------------------------------------------------------------------
GASL      28.74    .64       27.61         604.9%   Bullish      BLUE   .141     .421
---------------------------------------------------------------------------------------------
UGA       32.07    .14       31.4          34.5%    Bullish      BLUE   .116    -.027
---------------------------------------------------------------------------------------------
UUP       24.07    .11       23.93         8.3%     Bearish      ----  -.062    -.095
---------------------------------------------------------------------------------------------
IEF       105.1   -.05      W105.22       -22.3%    ----         RED    .08    -.089
---------------------------------------------------------------------------------------------
XLU      51.81    .48       W52.19        -83.9%    Bearish      BLUE  -.214    -.136
---------------------------------------------------------------------------------------------
WEAT      6   -.02          W6.08          0%       Bullish      ----   .062    -.147
---------------------------------------------------------------------------------------------
YINN      39.88    .5        37.52         777.5%   Bullish      BLUE   .183     .153
---------------------------------------------------------------------------------------------
RSX       22.82    .16       21.6          365.3%   Bullish      BLUE   .287    -.035
---------------------------------------------------------------------------------------------
AAPL      174.35   -.65      172.26        148.5%   Bullish      ----   .025     .031
---------------------------------------------------------------------------------------------
GOOG      1106.94    4.71    1065          281.2%   Bullish      BLUE   .122     .054
---------------------------------------------------------------------------------------------
MSFT      88.28    .09       85.95         158.1%   Bullish      BLUE   .115     .039
---------------------------------------------------------------------------------------------
AMZN      1246.87    17.73   1189.01       322.4%   Bullish      BLUE   .215     .198
---------------------------------------------------------------------------------------------
FB        188.28    1.43     181.42        323.4%   Bullish      BLUE   .095     .02
---------------------------------------------------------------------------------------------
NVDA      222       6.6      199.35        688.9%   Bullish      BLUE   .098     .063
---------------------------------------------------------------------------------------------
BA        310.15    1.31     296.84        254.8%   Bullish      BLUE   .051     .117
---------------------------------------------------------------------------------------------
GS        251.81   -3.71    W255.67       -57.8%    Bearish      RED   -.161    -.042
---------------------------------------------------------------------------------------------
HD        192.04   -.46      188.03        66.1%    Bullish      BLUE  -.017     .073
---------------------------------------------------------------------------------------------
CAT       166.03    4.07     157.04        266.3%   Bullish      BLUE   .409     .13
Table 2       
 COMPARISONS OF BULLISH AND BEARISH GROUPS

                  1/8     1/5     1/4     1/3     1/2   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19  12/18  12/15  12/14   12/13  12/12  12/11  12/8 
NEWHIGHS  651  683   610   548   479    166   336     253    308      262     317    247    210    553    309     103     268    223    234    288 
NEWLOWS     51     51      61    61     39      32    28        21      26         32       45      50       45        43      49        56       25      52       41      37 
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
154  118  108  113   107   157    86        97    105        70        81      60       60      133   122       53      123      83      84      90  
MINCPs       
189     92  113    97   108     37    35         74      70        74        81    127     117       76      65     142        67      99      75      93      
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
  89      82      84   100  107      70   102       97    10      72         89      65       71      146    118      75      110      72      73      76  
TTTNLs       
 169   162    141   129  193   238  108       9
3     114      147     121    187     129       90       98    192        99     161   155     177 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP         297    264  264  199  177   117  166    179     195       222     238    143     172     166     126    123     175     101    108     96      
FASTDOWN   72      52    42    36    35    58   48       56      70           60        63      78     183        96     125    109       91      132    134   169 

 
Table 3
Count of Stocks and New Highs in Key Tiger Directories
Date = 180108
               No.          NHs            Pct.
-------------------------------------------------------------------
INFRA          11            7             64 %
BIGMIL         6             3             50 %
TRANSP         20            9             45 %
INDEXES        195           78            40 %
ETFS           65            26            40 %
MORNSTAR       238           90            38 %
NIFTY          30            11            37 %
HOMEBLDG       17            6             35 %
DJI-13         13            4             31 %
DOWJONES       30            8             27 %
CHINA          64            17            27 %
SP-100         96            25            26 %
MILITARY       38            9             24 %
HACKERS        25            6             24 %
SOFTWARE       66            15            23 %
SP500          485           110           23 %
INDMATER       90            19            21 %
NASD-100       100           21            21 %
RUS-1000       837           170           20 %
RETAIL         53            9             17 %
=======================================================
CHEM           64            9             14 %
FINANCE        93            13            14 %
OILGAS         141           20            14 %
COMODITY       70            10            14 %
GREEN          31            4             13 %
AUTO           39            5             13 %
COMPUTER       23            3             13 %
GAMING         28            3             11 %
ELECTRON       179           19            11 %
SEMI           131           15            11 %
COAL           10            1             10 %
REGBANKS       33            3             9 %
INSURANC       32            3             9 %
BIOTECH        387           15            4 %
GOLD           50            1             2 %
REIT           178           1             1 %
----------------------------------------------------
None: BIGBANKS  SOLAR   EDU   UTILITY  PIPELINE 
BEVERAGE   FOOD  BONDFUND  HOSPITAL JETS   
 
Table 5
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/8/18
 Bullish = 39
 Bearish = 7
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGMIL         100%          1             1             .833          .666          .833 
INFRA          100%          1             1             1             1             1 
JETS           100%          1             1             1             1             1 
TRANSP         100%          1             1             1             1             .95 
ETFS           .938          .938          .907          .815          .738          .63 
DJI-13         .923          .923          1             1             1             1 
MORNSTAR       .915          .911          .882          .882          .894          .819 
COAL           .9            .9            .9            .9            .9            .9 
DOWJONES       .9            .9            .933          .9            .9            .9 
GAMING         .892          .857          .714          .75           .714          .678 
SP-100         .885          .875          .875          .843          .812          .77 
NIFTY          .866          .833          .766          .766          .7            .566 
BIGBANKS       .857          .857          .857          .857          .857          .857 
AUTO           .846          .923          .82           .717          .615          .564 
NASD-100       .84           .82           .77           .77           .73           .61 
CHINA          .812          .812          .75           .765          .734          .546 
INDEXES        .81           .805          .841          .83           .861          .846 
--------------------------------------------------------------------------------------------
SP500          .797          .783          .771          .773          .754          .729 
OILGAS         .794          .794          .815          .822          .751          .702 
RETAIL         .792          .792          .83           .886          .886          .811 
INDMATER       .788          .755          .755          .777          .744          .644 
COMPUTER       .782          .695          .652          .695          .565          .478 
HOMEBLDG       .764          .882          .764          .823          .764          .764 
GOLD           .76           .78           .78           .78           .82           .66 
RUS-1000       .759          .749          .741          .747          .724          .708 
FINANCE        .741          .731          .698          .698          .688          .677 
SOFTWARE       .727          .712          .696          .651          .575          .515 
PIPELINE       .714          .714          .714          .714          .428          .285 
MILITARY       .71           .763          .736          .657          .631          .684 
GREEN          .709          .645          .645          .612          .58           .645 
BEVERAGE       .7            .75           .75           .7            .7            .6 
SEMI           .694          .679          .618          .595          .519          .389 
COMODITY       .685          .742          .742          .757          .757          .671 
HACKERS        .68           .72           .64           .64           .6            .52 
ELECTRON       .675          .675          .608          .592          .525          .418 
CHEM           .656          .656          .656          .656          .625          .531 
HOSPITAL       .625          .625          .625          .5            .75           .5 
SOLAR          .619          .619          .523          .428          .428          .428 
EDU            .571          .428          .428          .428          .428          .285 
BIOTECH        .565          .589          .591          .583          .54           .459
N=39
--------------------------------------------------------------------------------------------- 
REGBANKS       .484          .484          .424          .363          .424          .424 
INSURANC       .437          .5            .562          .5            .5            .562 
BONDFUND       .369          .333          .387          .396          .216          .225 
FOOD           .266          .4            .466          .533          .533          .266 
REIT           .23           .202          .213          .325          .365          .421 
UTILITY        .139          .162          .162          .209          .255          .279 
N=7


==============================================================================
                 1/5/2018   
 The September Buy B21 still operates and predicts higher prices.



                
We are living in Wall Street's New Utopia.  We should go higher, quite possibly much
                  higher.  Look at how all the key Indexes are not only making new highs together, but
                  breaking out above the top of their price channels. We have a "Goldilocks" financial environment.
                  Overseas' markets are strong.  Inflation is not a problem, yet.  And interest rates are still quite low. 
                  What's more?  Now rich people will have a lot more money to invest.  And so will corporations.
                  And then there's De-Regulation and Privatization, too.  The only thing left would be the
                  privatization of Social Security.  Wall Street wants this, too.  What better way to set the
                  stage for another crack at the golden eggs of the retirement goose, than a straight-up stock
                  market now?  Main Street needs to re-discover Wall Street, its boosters know. 


                
 It's true the DJI is now at the 2.5% upper band and the DJI has risen 4 straight
                  days.  A small retreat should not come as a surprise and will give us a chance to
                  buy more at better prices.  I have to think that the IP21-Accumulation Index turning
                  positive is constructive.  We appear to be in the midst of a January take-off into
                  all-time high territory.  25500 looks like the last logical place where sell-orders might be
                  concentrated.  So, give the market  more chance to run. 

                  The big NASDAQ stocks, like GOOG, remain favored.  In the DJI-30, I would
                  think CAT and MSFT (the DJI's highest AI/200 stock) will do well.  Oil service stocks
                  should go much higher now that the Trump Administration has declared it wants to open
                  up all of America's shore-lines for exploration as well as Alaska. 

                  Eventually inflation will become a problem.  So, interest rates are bound to rise as the
                  size of the Federal deficits gets more and more attention.  Stay away from Utilities, REITs
                  and pure dividend plays. Gold and Silver will go higher, too, but they are defensive
                  plays.  This is a time when speculative animal spirits will take over.  This will bring bounty
                  to lesser known biotechs making flat top breakouts.  Now is the time of the year when
                  high (intense) Accumulation shows which stocks are having new positions being taken
                  by institutions.  I've tried to put some of the most promising-looking high IP21
                  in the MAXCP group tonight. And last but not least, foreign ETFs like JOF are
                  gathering exceptional momentum.  No fewer than 63% of the foreign ETFs we
                  track made 12-month highs on Friday. See Table 3.

               


         
                                         
                                       
 I would not worry about the FED yet.

                                  
Only when short-term interest rates rose above 3%
                                   in 1957, did the 1950's long bull market fall 19%.
                                   A Sell S9 signal finally stopped the bull market in July 1957.
                                   But before that, in 1954 and 1955, the NYSE A/D Line
                                   and the DJI rose together to one new high after another.
                                   That seems the closest past parallel and model for
                                   us to study.  Note that before interest rates rose to 3.5% in
                                   July 1957, the CPI (Inflation's Annual Rate of Change)
                                   had to rise above 3% a few months earlier.  Right now,
                                   that number is only 2.2%.


           
Table A below shows that it will be difficult to get a Sell S12 signal soon unless the
            P-I breadth and V-I worsens abruptly.  Table B shows that until the Inflation's (CPI)
            12-month rate of change rises above +3.1%, it is unlikely the FED will raise rates to levels
            where the stock market becomes vulnerable.
 

            The connection between the level of Inflation (CPI) and interest rates is clear enough. 
            If the CPI were to jump above the prevailing interest rates on government bonds, it would
            become very difficult for the government to finance its debt.  Right now, the published 1
            2-month rate of change in the newly created "urban" CPI is rising at a 2.2% clip.  So, on
            this basis, too, the market does not look vulnerable. 

           
Stock market inflation does not count.  Not since the mid-1930s has the FED worried
            much about about inflation in stock prices (asset-bubble).  Their 1936-1937 fear about a
            stock market bubble grew out of their complete failure to protect the country against the
            1929 stock market bubble.  Like Generals who re-play the last war, they obsessed about
            about allowing another stock market bubble and crash.

            This active focus on asset-bubbles pretty much ended after these concerns led the Fed
            to tighten credit and margin requirements in 1937 with the result that the stock market crashed
            by more than 40% in 1937 and early 1938.  So, though some Fed members may talk about
            excessive stock market speculation, I would not count on the Fed to try to arrest it.  Of much
            more concern is Inflation and also a very weak Dollar.  Right now the Dollar looks weak, but
            this is also what President Trump says he wants to see. It remains to be seen if the new Fed Chairman
            Powell will take his marching orders from the President or Wall Street's bond houses and international
            banks.

                                                           Charts 1/5/2018 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  WATT   SQ (Square)

                               
1/5/2018   Bullish MAXCPs     Bearish MINCPs
                                Yes, we have no Sell S12 yet.

    No Sell S12 here.  The V-I is too high and the LA/MA is too low.  Though based on
    negative non-confirmations by the IP21-Accumulation Index, the code for the Sell S12 looks
    at many other key variables besides IP21; the result is that we must see much lower P-I, V-I
    and AROC, or else the DJI will have to get much closer to the full 3.5% band.  I have just
    finished going through all the January Sell S12s' key values, one by one.  See them here.
    I think you'll see that pattern.  I also dummied in hypothetical numbers and could not easily get
    a Sell.  The reason the code is this way is that there are quite a few take-offs in January and
    this is the best way I could distinguish the reversals from the take-offs.  As you can see from this
    table, much of the time the Sell S12s do not bring immediate reversals in January.

                  23 January S12s since 1929
>All but the one in 1930 would have been profitable if DJIA shorted
and then covered on the next Buy signal.
>16 of the 23 would have dropped the DJI by 8% or more at the time
of the next Peerless Buy.
>But only 9 of the 23 would have called the January top perfectly.
If we consider only the post 1965 cases, then only 3 of these 13
would have led to a paper loss of more than 2%, the biggest being
3.3% in January 1981.
> There are lots of S12s that occur with the DJI's "la/ma" less than 1.035, but they
all have additional low key values other than having a negative IP21.

----------------------------------------------------------------------
  Date                   DJI       Gain       Subseq.High Paper Loss     
19290130      S12        312.6    +.039       322.1       -.0303   2/5
        1.023 .492  -22 -.006  -415  .191  .218  .75
        la/ma   21-AROC  P-I   PI-ch. IP21  V-I    OPct    65pct   65-d                               
                                                                          Pct change  
------------------------------------------------------------------------
19300110      S12        250.00   -.014      253.5        -.014    1/23 
Also S9 1.023 -.593 -57  +7    -.047 -547 -.011 -.243 -1.16
------------------------------------------------------------------------ 
19310105      S12        170.7    +.046      173          -.0134   1/8
        1.016 -.946 -75  +11   -.059 -443  .033 -.180 -.79
------------------------------------------------------------------------
19320108      S12        81.8     +.049      85.9        -.0501   1/15
        1.056 -.721 -76  +30   -.047 -390 -.116 -.156 -.62
------------------------------------------------------------------------
19330106      S12        62.9   +.183(big)   64.4        -.0238   1/10
        1.048  .656  -4   +2   -.002 -55   .205 -.122 -.55
------------------------------------------------------------------------
19330117      S12        61.8   +.168(big)  64.4         -.042    1/10
        1.019 .118  -22   -2   -.110  -92   .065  .001  ??? 
------------------------------------------------------------------------ 
19350104      S12       104.7   +.067       107.2       -.0238    2/18
        1.027 .246  +16  -12   -.046  -32   .079  .120  .440
------------------------------------------------------------------------
19380106      S12       128.9   +.044       134.4       -.0426   1/11
Also S9 1.032-.086  -74   +12  -.104  -224 -.017 -.163 -.75
------------------------------------------------------------------------
19380114      S12       131.8   +.065       none         0 
        1.039 .564  +13   -11 -.015   -89  .030  -.051 -.22   
------------------------------------------------------------------------
19410103      S12       132     +.092(big)  133.6       -.0121   1/3
H/S     1.012 .11   -1    +16 -.049   -44  .299  .001   ?
------------------------------------------------------------------------
19410110      S12       133.6   +.103(big)   perfect      0 
H/S     1.02  .20   +45   +11 -.068   +7   .472 -.002  -.01
------------------------------------------------------------------------
19420107      S12       113.1   +.134(big)  none         0 
H/S     1.034-.291  -59   -11  .022 -249  -.147 -.097  -.41
------------------------------------------------------------------------
19490106      S12       180.2   +.083       181.3       -.0061   1/7
        1.020 .263   -6   +45 -.016 -101   .104  .001   ?
------------------------------------------------------------------------
19490124      S12       180.8   +.086(big)  none                                         
        1.011 .300   +64  -4  +.047 -10    .206 -.028   -.12
------------------------------------------------------------------------
19600105      S12       685.5   +.107(big)  none                                         
        1.018 .400   +4   +6  -.038 -170   .099  .085    .31
------------------------------------------------------------------------------
19660106      S12       985.46  +.213(big)   994.2      -.0088   1/18                                   
        1.021 .443   +37  +4  -.010  +6    .392  .051    .19
------------------------------------------------------------------------------
19680108      S12       908.92  +.086(big)   perfect     0                                    
        1.020 .222   +68 +21  -.019  +6    .170 -.017   -.07
------------------------------------------------------------------------------
19700102      S12       809.7   +.056        811.31     -.0019   1/05
Also S9 1.027 .271   -15 +72  -.034  -1    .090  .005    .02
------------------------------------------------------------------------------
19730111      S12      1051.7   +.108 (big)  none  
Also S9 1.024 .215   -96 +9    .002  -2    .059  .117    .42
------------------------------------------------------------------------------
19740102      S12       855.32  +.040        880.23     -.0291   1/4
        1.038 .292   -86 +38  -.008  -2   -.076 -.103   -.43
------------------------------------------------------------------------------
19810102      S12       972.78  +.042        1004.69    -.0328   1/6
        1.03 -.02    -29 +50  -.039  -4    .091  .055    .20
------------------------------------------------------------------------------
19820129      S12       871.1   +.069        none        0
        1.02 -.028   -87 +26   .005  -5    .050  .039    .140
------------------------------------------------------------------------------
19830106      S12      1070.92  +.038        1092.35    -.02     1/10
        1.022 .152   +34 +28  -.035  -1   -.162  .044    .16
------------------------------------------------------------------------------
19840105      S12      1282.24 +.108(big)   1286.22    -.0031   1/9
        1.022 .152   +34 +28  -.035  -1   -.162  .044    .16 
------------------------------------------------------------------------------
20000111      S12      11511.08 +.13(big)   11722.9     -.0184   1/14
S4,S15  1.017 .301   -30 -57  -.060 -68    .249  .080    .30  
------------------------------------------------------------------------------
20010104      S12      10912.41 +.129(big)   10983.6    -.0065   2/1 
        1.020 .392   +347 +12 -.007 -36    .094  .019    .07
------------------------------------------------------------------------------
20030106      S12      8773.57  +.137(big)  8842.62     -.0078   1/14
        1.031 -.05   +184 +83  +.034 -67   -.065    .131  +.46
------------------------------------------------------------------------------
20090106      S12      9015.1   +.087(big)   none         0
Also S4 1.037  .878  +562 +155 +.028 97    -.006   -.141  -.65
------------------------------------------------------------------------------ 
 Table B      Market Tops When  CPI 12-Mo Rate of Change Rises to/above 3.1%
                               
 (Red shows 3.1% or higher rate of change)   

           When CPI rises to or above 3.1%, the DJI was most often either at a top, near a top or
            a bear market had started.  This took place on 12 different occasions since 1944.  Only
            three times in the Greenspan era between 1993 and 1996 did a rise of the CPI to 3.1%
            fail to bring a significant market top.  

                  Date                  CPI     DJI's Subsequent Movement
                  ---------------------------------------------------------------------    

                  April 1946           .033   Peak - May 29, 1946.  DJI then fell 24%.
                  October 1950      .037   Peak - Nov. 24, 1946.  DJI fell only to the lower band. Korean War.
                  February 1957     .037   Peak - July 12, 1957.  DJI then fell 19%.
                  August 1966        .034   on going bear market. Peak - September 15, 1966.  DJI then fell 9% 
                  January 1968       .036   Peak - January 8, 1968.  DJI then fell 9%.
                  October 1972      .034   Peak - January 11, 1973.  23-month bear market began.
                  November 1983  .032    Peak - January 9, 1984.  DJI then fell 15.5%.
                  April 1987           .037    Peak - August 15, 1987.  DJI then fell 37%.
                  March 1992        .031    Peak - June 1, 1992.  DJI then fell 8%.
                  January 1993       .032 
  DJI kept rallying.
               
  May 1995           .031    DJI kept rallying.
                 
November 1996  .032    DJI kept rallying until March 11, 1997. DJI then fell 10%.
                  February 2000     .032    Peak - April 11, 2000. Long bear market began.
                  April 2004           .034    Peak - June 23, 2004. DJI then fell 7%.
                  March 2005        .031    Peak - March 7, 2005.  DJI then fell 8.5%.
                  October 2007     .035    Peak - October 9, 2007. Long bear market began. 
                 
April 2011          .031    Peak - May 2, 2010.  DJI then fell 17%.
     
                       Jan     Feb    Mar   Apr   May   June   July   Aug    Sept   Oct    Nov   Dec    For year
           1944    .029 .029    .011  .005   0        .005  .017   .023  .017  .017   .017    .022   .017 
           1945    .022  .022    .022  .017   .022   .028  .022   .022  .022  .022   .022   .022    .022 
           1946    .022  .016    .028  .033   .033   .033  .093  .116   .127  .149   .176   .181    .083
           1947   .181   .187    .196  .19     .183   .176  .121  .113   .127  .105   .084   .088    .143
           1948   .102   .093    .068  .086   .091   .095  .099  .088   .065   .06    .047
   .029     .08
           1949   .012   .012    .017  .004  -.005 -.009 -.029 -.029 -.025 -.029 -.017  -.021   -.013
           1950  -.021 -.013  -.009 -.013 -.005 -.005  .016   .021    .02    .037   .037   .059     .012
           1951   .08     .093    .093  .093  .092   .088  .074   .065    .069  .065   .068   .059     .078
           1952   .043   .023    .019  .023  .019   .023  .03     .03      .022  .019   .011   .007     .019
           1953   .003   .007   .011   .007  .011   .011  .003   .007    .007  .011   .007   .007     .007
           1954   .011   .015   .011   .007  .007   .003  .003    0       -.004 -.008 -.004 -.008     .007
           1955 -.008  -.008  -.008 -.004 -.008 -.008 -.004 -.004     .003  .003   .003  .003    -.004
           1956  .003    .003    .003  .007  .011   .018  .022   .018     .018  .022   .022  .029     .014 
           1957  .029    .033    .037  .037  .037   .033  .032   .036     .032  .029   .032  .028     .033
           1958  .036    .032    .035  .035  .032   .028  .024   .021     .021  .021   .021  .017     .028  
           1959  .013    .01      .003  .003  .003   .006  .006   .01       .013  .017   .013  .017     .006 
           1960  .01      .017    .017  .017  .017   .017  .013   .013     .01    .013   .013  .013     .017
           1961  .017    .013    .013  .01    .01     .006  .013   .01       .013  .006   .006  .006     .01  
           1962  .006    .01      .01    .013  .013   .013  .01     .013     .013  .013   .013  .013     .01 
           1963  .013    .009    .013  .009  .009   .013  .013   .013     .009  .013   .013  .016     .013
           1964  .016    .016    .013  .013  .013   .013  .013   .009     .013  .009   .012  .009     .013
           1965  .009    .009    .012  .016  .016   .019  .016   .019     .016  .019   .016  .019     .016 
           1966  .019    .025    .025  .028  .028   .025  .028   .034     .034  .037   .037  .034     .028
           1967  .034    .028    .028  .024  .027   .027  .027   .024     .027  .024   .027  .03       .03 
           1968  .036    .039    .039  .039  .039   .042  .044   .044     .044  .047   .047  .047     .041
           1969  .043    .046    .052  .055  .055   .054  .054   .057     .056  .056   .059  .061     .054  
           1970  .061    .061    .058  .06    .06     .06    .059   .054     .056  .056   .056  .055     .057
           1971  .052    .049    .047  .041  .044   .046  .043   .046     .04    .038   .032  .032     .043
           1972  .032    .035    .034  .034  .032   .027  .029   .029     .031  .034   .036  .034     .032
           1973  .036    .038    .045  .05    .055   .059  .057   .073     .073  .078   .082  .087     .062
           1974  .093    .100    .103  .100  .107   .108  .115   .108     .119  .120  .122  .123     .110
           1975  .118    .112    .102  .102  .094    .093  .097   .085    .079  .074   .073  .069     .091
 1976  .067   .062     .06    .06    .062   .059    .053   .057   .054  .054   .048  .048
 1977  .052   .059     .064  .069  .067   .068    .068   .066   .065  .063   .067  .067  
 1978  .068   .064     .065  .064  .069   .074    .077   .078   .083  .089   .088  .099
 1979  .092   .098     .100  .104 .108    .108    .112   .118   .121  .120   .126   .132   rose every month.
 
1980  .139  .141     .147   .147 .144    .143   .131    .128   .126  .127   .126   .125 
 1981   .118 .114    .104    .099 .097    .095   .107    .108   .109   .101  .095   .089
 1982    .083 .076  .067   .065  .066    .070   .064    .058   .05     .051   .045   .038
 1983    .037 .034  .035   .038  .035    .025   .024    .025   .028   .028   .032   .037 
 1984    .041 .045  .048   .045  .042    .042    .042   .042   .042   .042   .040   .039 
 1985    .035 .035  .037   .036  .037    .037    .035   .033   .031   .032   .035   .037
 1986    .038  .031  .022   .015  .014    .017    .015   .015   .017   .014  .012    .01
 1987    .014  .021  .03     .037  .038    .036    .039   .042  .043    .045  .045   .044 
 1988    .04    .039  .039   .039  .038    .039   .041    .04    .041    .042  .042   .044
 1989    .046  .048  .049   .051  .053    .051   .049    .047  .043    .044   .046   .046 
 1990    .052  .052  .052   .047  .043    .046   .048    .056  .061    .062   .062   .061    
 
1991    .056  .053  .048   .048  .049    .046   .044    .037  .033    .029   .029   .03 
 1992    .026  .028  .031   .031  .03      .03     .031    .031  .029    .032   .030   .029       
 1993    .032  .032  .03     .032  .032    .029   .027    .027  .026    .027   .026   .027
 1994    .025  .025  .025   .023  .022    .024   .027    .029  .029    .026   .026   .026  .025
 1995    .028  .028  .028   .03    .031     .03     .027   .026  .025    .028   .026   .025  .028
 1996    .027  .026  .028   .028  .028     .027   .029   .028  .03      .029   .032   .033  .029
 1997    .03    .03    .027   .024  .022     .022   .022   .022  .021    .02    .018   .017   .022
 1998    .015  .014  .013   .014  .016     .016   .016   .016  .014    .014  .015   .016   .015
 1999    .016  .016  .017   .022  .02       .019   .021   .022  .026    .025  .026   .026   .022
 2000    .027  .032  .037   .03    .031     .037   .036   .034  .034    .034  .034   .033   .033
 2001    .037  .035  .029   .032  .036     .032   .027   .027  .026    .021  .018   .015   .028
 2002    .011  .011  .014   .016  .011     .010   .014   .018  .015    .020  .021   .023   .015
 2003    .025  .029  .03     .022  .02       .021   .021   .021  .023    .020  .017   .018   .022
 2004    .019  .016  .017   .022  .03       .032   .029   .026  .025    .031  .035   .032   .026
 2005    .029  .03    .031   .035  .028     .025   .031   .036  .046    .043  .034   .034   .033
 2006    .039  .035  .033   .035  .041     .043   .041   .038  .020    .013  .019   .025   .032
 
2007    .020  .024  .027   .025  .026     .026   .023   .019  .027    .035  .043   .04     .028
 2008    .042  .04    .039   .039  .041     .050   .056   .053  .049    .036  .01     .00     .038 
 
2009    .000  .002-.004  -.008-.013    -.015  -.021  -.015-.013 -.002   .018   .027  -.004
 2010   .026   .021  .023   .022  .020     .010   .012    .011  .011  .011   .011   .014   .016
 2011   .016   .021  .026   .031  .035     .035   .036    .037  .038  .035   .033   .029   .031
 
2012   .029   .028  .026   .023  .017     .016   .014    .016  .019  .021   .017   .017   .02
 2013   .015   .019  .014   .01    .013     .017   .019    .015  .011  .009   .012   .015   .014
 2014   .015   .011  .015   .019  .021     .020   .019    .016  .016  .016   .013   .007   .016
 2015 -.001  -.001 -.001 -.002 -.001     .001   .001   .001 -.001  .001   .005   .007   .001
 2016  .013    .01    .008   .011   .01      .010   .008    .01    .014  .016   .016   .02     .012
 2017  .025    .028  .024   .022   .019    .016   .017    .019  .022  .020   .022   not released.

           (2017 data is CP-All Urban Consumers from Dept. of Labor
              https://data.bls.gov/pdq/SurveyOutputServlet  )

         

Table 1                      QUICKSILVER on ETFS - 01/05/18
 
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR      CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       252.72    2.12     247.38         92.3%   Bullish      BLUE   .057   ----
---------------------------------------------------------------------------------------------
COMPQX    7136.56  58.65    6903.39        133.1%   Bullish      BLUE   .098     .003
---------------------------------------------------------------------------------------------
SPY       273.42    1.81     266.86        103.1%   Bullish      BLUE   .081    -.013
---------------------------------------------------------------------------------------------
QQQ       161.92    1.61     155.76        164%     Bullish      BLUE   .144     .015
---------------------------------------------------------------------------------------------
MDY       351.52    1.21     345.41        61.2%    ----         BLUE  -.067    -.023
---------------------------------------------------------------------------------------------
IWM       154.79    .32      152.46        34.5%    Bearish      RED   -.112    -.041
---------------------------------------------------------------------------------------------
FAS       70.94    1.02      68.38         122%     Bearish      BLUE  -.082     .088
---------------------------------------------------------------------------------------------
RETL      38.21    .95       36.04         178.5%   Bullish      BLUE   .198     .326
---------------------------------------------------------------------------------------------
SOXL      162.33    2.88     137.9         676.4%   Bullish      BLUE   .279     .097
---------------------------------------------------------------------------------------------
TECL      125.13    3.88     112.17        470.3%   Bullish      BLUE   .249     .198
---------------------------------------------------------------------------------------------
IBB       109.83   -.14      106.77        93.6%    Bullish      RED    .102    -.065
---------------------------------------------------------------------------------------------
GLD       125.33   -.13      123.65        99.7%    Bullish      BLUE   .227    -.046
---------------------------------------------------------------------------------------------
OIL       6.75   -.05        6.54          188.3%   Bullish      ----   .277     .158
---------------------------------------------------------------------------------------------
OIH       27.88    .05       26.05         368.7%   Bullish      BLUE   .314     .113
---------------------------------------------------------------------------------------------
GASL      28.1   -.86        25.39         355.3%   Bullish      RED    .039     .334
---------------------------------------------------------------------------------------------
UGA       31.93   -.24       31.85        -11%      ----         ----   .056    -.02
---------------------------------------------------------------------------------------------
UUP       23.96    .02      W24.03        -35.4%    Bearish      ----  -.088    -.098
---------------------------------------------------------------------------------------------
IEF       105.15   -.13     W105.57       -11.9%    Bullish      RED    .065    -.085
---------------------------------------------------------------------------------------------
XLU      51.33   -.02       W52.68        -126.6%   Bearish      RED   -.242    -.144
---------------------------------------------------------------------------------------------
WEAT      6.02   -.05        6             16.5%    ----         ----   .05    -.144
---------------------------------------------------------------------------------------------
YINN      39.38    .4        34.02         764.3%   Bullish      BLUE   .226     .149
---------------------------------------------------------------------------------------------
RSX       22.66    .03       21.21         338%     Bullish      BLUE   .228    -.051
---------------------------------------------------------------------------------------------
AAPL      175    1.97        169.23        114.2%   Bullish      BLUE   .063     .035
---------------------------------------------------------------------------------------------
GOOG      1102.23    15.83   1046.4        253.8%   Bullish      BLUE   .138     .057
---------------------------------------------------------------------------------------------
MSFT      88.19    1.08      85.54         143.4%   Bullish      BLUE   .127     .04
---------------------------------------------------------------------------------------------
AMZN      1229.14    19.55   1169.47       180.6%   Bullish      BLUE   .221     .181
---------------------------------------------------------------------------------------------
FB        186.85    2.52     176.46        246.7%   Bullish      BLUE   .11     .009
---------------------------------------------------------------------------------------------
NVDA     215.4    1.81       193.5         442.8%   Bullish      BLUE   .129     .005
---------------------------------------------------------------------------------------------
BA        308.84    12.17    294.91        210.6%   Bullish      BLUE   .035     .082
---------------------------------------------------------------------------------------------
GS        255.52   -1.31     254.76       -19.2%    Bearish      RED   -.132    -.035
---------------------------------------------------------------------------------------------
HD        192.5    1.99      189.53        71.8%    Bullish      BLUE   .018     .081
---------------------------------------------------------------------------------------------
CAT       161.96   2.52      157.58        112.1%   Bullish      BLUE   .366     .093

Table 2                     COMPARISONS OF BULLISH AND BEARISH GROUPS

                  1/5     1/4     1/3     1/2   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19  12/18  12/15  12/14   12/13  12/12  12/11  12/8   12/7 
NEWHIGHS  683   610   548   479    166   336     253    308      262     317    247    210    553    309     103     268    223    234    288   159 
NEWLOWS    51      61    61     39      32    28        21      26         32       45      50       45        43      49        56       25      52       41      37      50 
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs     
118  108  113   107   157    86        97    105        70        81      60       60      133   122       53      123      83      84      90      90  
MINCPs      
   92   113    97   108     37    35         74      70        74        81    127     117       76      65     142        67      99      75      93      73       
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
82      84   100  107      70   102       97    10      72         89      65       71      146    118      75      110      72      73      76      75    
TTTNLs       
162    141   129  193   238  108       9
3     114      147     121    187     129       90       98    192        99     161   155     177   109   
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP        264  264  199  177   117  166    179     195       222     238    143     172     166     126    123     175     101    108     96      80    
FASTDOWN  52    42    36    35    58   48       56      70           60        63      78     183        96     125    109       91      132    134   169    195 
Table 3
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 2018.01.05
              No             NHs
-------------------------------------------------------------------
ETFS           65            41            63 %  very high
INFRA          11            6             55 %
BIGMIL         6             3             50 %
INDEXES        195           88            45 %
MORNSTAR       238           99            42 %
DJI-13         13            5             38 %
DOWJONES       30            11            37 %
HOMEBLDG       17            6             35 %
SP-100         96            33            34 %
NIFTY          30            10            33 %
CHINA          64            19            30 %
BIGBANKS       7             2             29 %
CHEM           64            16            25 %
INDMATER       91            23            25 %
SP500          485           113           23 %
NASD-100       100           22            22 %
JETS           9             2             22 %
AUTO           39            8             21 %
MILITARY       38            8             21 %
TRANSP         20            4             20 %
FINANCE        93            18            19 %
RUS-1000       837           156           19 %
RETAIL         53            8             15 %
====================================================
SOFTWARE       66            9             14 %
OILGAS         142           19            13 %
INSURANC       32            4             13 %
COMPUTER       23            3             13 %
FOOD           15            2             13 %
GAMING         28            3             11 %
GREEN          31            3             10 %
COAL           10            1             10 %
REGBANKS       33            3             9 %
HACKERS        25            2             8 %
ELECTRON       179           12            7 %
COMODITY       70            5             7 %
BIOTECH        389           25            6 %
SEMI           131           7             5 %
SOLAR          21            1             5 %
GOLD           50            1             2 %
BONDFUND       111           1             1 %
====================================================
None: REIT  EDU UTILITY  PIPELINE BEVERAGE  HOSPITAL
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/5/18
 Bullish = 39
 Bearish = 6
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGMIL         100%          1             .833          .666          .833          .833 
INFRA          1             1             1             1             1             1 
JETS           1             1             1             1             1             1 
TRANSP         1             1             1             1             .95           .95 
ETFS           .938          .907          .815          .738          .63           .584 
AUTO           .923          .82           .717          .615          .564          .615 
DJI-13         .923          1             1             1             1             1 
MORNSTAR       .911          .882          .882          .894          .819          .848 
COAL           .9            .9            .9            .9            .9            .6 
DOWJONES       .9            .933          .9            .9            .9            .9 
HOMEBLDG       .882          .764          .823          .764          .764          .764 
SP-100         .875          .875          .843          .812          .77           .802 
BIGBANKS       .857          .857          .857          .857          .857          .857 
GAMING         .857          .714          .75           .714          .678          .678 
NIFTY          .833          .766          .766          .7            .566          .666 
NASD-100       .82           .77           .77           .73           .61           .67 
CHINA          .812          .75           .765          .734          .578          .531 
INDEXES        .805          .841          .83           .861          .846          .825 
OILGAS         .795          .816          .823          .753          .704          .69 
RETAIL         .792          .83           .886          .886          .811          .849 
SP500          .783          .771          .773          .754          .727          .75 
GOLD           .78           .78           .78           .82           .66           .68 
MILITARY       .763          .736          .657          .631          .684          .684 
INDMATER       .758          .758          .78           .747          .648          .604 
BEVERAGE       .75           .75           .7            .7            .65           .7 
RUS-1000       .749          .741          .747          .724          .704          .733 
COMODITY       .742          .742          .757          .757          .685          .685 
FINANCE        .731          .698          .698          .688          .677          .72 
HACKERS        .72           .64           .64           .6            .52           .56 
PIPELINE       .714          .714          .714          .428          .285          .285 
SOFTWARE       .712          .696          .651          .575          .515          .575 
COMPUTER       .695          .652          .695          .565          .478          .478 
SEMI           .679          .618          .595          .519          .389          .419 
ELECTRON       .675          .608          .592          .525          .418          .463 
CHEM           .656          .656          .656          .625          .531          .609 
GREEN          .645          .645          .612          .58           .645          .612 
HOSPITAL       .625          .625          .5            .75           .5            .5 
SOLAR          .619          .523          .428          .428          .428          .38 
BIOTECH        .588          .591          .583          .539          .462          .498 
INSURANC       .5            .562          .5            .5            .562          .562 
============================================================================================
REGBANKS       .484          .424          .363          .424          .424          .575 
EDU            .428          .428          .428          .428          .285          .428 
FOOD           .4            .466          .533          .533          .333          .333 
BONDFUND       .333          .387          .396          .216          .216          .189 
REIT           .202          .213          .325          .365          .421          .477 
UTILITY        .162          .162          .209          .255          .279          .232 
N=6
 


==============================================================================
                   1/4/2018   
 The September Buy B21 still operates and predicts higher prices.  Almost
                   all industry groups and sectors funds are rising except dividend plays like REITs and
                   Utilities.  When all the key indexes are simultaneously making new all-time highs, it
                   is very difficult for the bears to concentrate enough sell orders to stop the bull market.
                   They are trying.  Yahoo regularly gives space to bearish forecasters who have been
                   wrong for a long time.  And our Tiger Accumulation Index for the DJI is still negative.
                   But Peerless refuses to give a Sell signal and remains steadfastly bullish.  Keep in mind
                   that most September
Buy B21s do not bring a meaningful reversal until after January. 
                   Over-night orders keep pushing the markets higher and subsequent sell-offs are minimal. 

                   We will need to see new evidence to not just trust this bullish momentum.  Wall Street has
                   gotten from Trump and Congress nearly everything it could realistically wish for.  In return, a
                   bull market is expected and needed now to boost the "real" economy.  I don't think Wall Street
                   will fail to produce its part of the bargain, at least not for a while and probably not until
                   interest rates go over 3%.  Too much is at stake for Wall Street to fail to deliver.



                                    
 The DJI is not close enough to the 3.5% band to produce
                                      a Sell S12 with the key values we now have.


                   It is possible to get a Sell S12 signal (IP21 negative and the DJI at the upper 3.5% band)
                   but shy of that level, it will be difficult.  Should we get a Sell S12, the odds of it producing
                   a significant decline are very good.  There have been 23 January S12s since 1929.  All but
                   the one in 1930 would have been profitable if the DJIA was shorted and then covered on
                   the next Buy signal.
16 of the 23 January S12s would have dropped the DJI by 8% or more
                   at the time of the next Peerless Buy. But only 9 of the 23 would have called the January top
                   perfectly.
If we consider only the post-1965 cases, then only 3 of these 13 would have led to
                   a paper loss of more than 2%, the biggest being 3.3% in January 1981. I will post this study
                   over the weekend so that you can compare the key values in these signals with the present
                   ones.  Right now, it will be difficult for Peerless to give a Sell S12 tomorrow.  In addition,
                   I expect the Accumulation Index to turn positive next week if the DJI keeps moving up
                   the way it has this week.


                  
In Table 1, you can see the favored (blue) groups are TECL (techs) and the oil sector.
                   Utilities and the Dollar remain in bearish (red) category.  There is little reason to believe
                   that these trends will continue.  The big tax cut is inflationary.  Not surprisingly foreign
                   ETFs for China, Russia and Asian and European small caps are now on the rise.  See
                   below that SMH (semi-conductors) and  CH (Chile) show particularly high levels of IP21
                   (current Accumulation) among the top power-ranked sector ETFs and foreign ETFs.


 

                                                    Charts 1/4/2018 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  WATT   SQ (Square)

                               
1/4/2018   Bullish MAXCPs     Bearish MINCPs

Table 1
                                 QUICKSILVER on ETFS - 01/04/18
 
ETF      CLOSE   CHANGE     PIVOT-PT      5-dma AROC   CL-PWR      CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       250.6    1.65      248.13        62.9%       Bearish      BLUE  -.036     0
---------------------------------------------------------------------------------------------
COMPQX    7077.91    12.38   6950.16       99.4%       Bullish      RED    .008    -.003
---------------------------------------------------------------------------------------------
SPY       271.61    1.14     267.87        80%         ----         BLUE   .002    -.017
---------------------------------------------------------------------------------------------
QQQ       160.31    .28      156.73        119.7%      Bullish      RED    .075     .008
---------------------------------------------------------------------------------------------
MDY       350.31    1.04     347.26        62.3%       Bearish      RED   -.14    -.021
---------------------------------------------------------------------------------------------
IWM       154.47    .41      153.73        43.7%       Bearish      RED   -.199    -.039
---------------------------------------------------------------------------------------------
FAS       69.92    1.06      69.26         111.6%      Bearish      BLUE  -.188     .087
---------------------------------------------------------------------------------------------
RETL      37.26   -.76       36.88         39%         Bearish      RED    .118     .304
---------------------------------------------------------------------------------------------
SOXL      159.45    2.75     142.16        625.3%      Bullish      RED    .234     .101
---------------------------------------------------------------------------------------------
TECL      121.25    2.05     114.16        325.7%      Bullish      BLUE   .176     .169
---------------------------------------------------------------------------------------------
IBB       109.97   -.91      107.79        109.7%      Bullish      RED    .055    -.07
---------------------------------------------------------------------------------------------
GLD       125.46    .64      122.85        130.5%      Bullish      BLUE   .235    -.047
---------------------------------------------------------------------------------------------
OIL       6.8       .03      6.5           258.8%      Bullish      ----   .264     .184
---------------------------------------------------------------------------------------------
OIH       27.83    .61       25.91         337.7%      Bullish      BLUE   .235     .113
---------------------------------------------------------------------------------------------
GASL      28.96    .56       26.16         682.9%      Bullish      BLUE   .019     .36
---------------------------------------------------------------------------------------------
UGA       32.17    .13       32            37.7%       ----         BLUE   .064     .016
---------------------------------------------------------------------------------------------
UUP       23.94   -.08      W24.13        -54%         Bearish      ----  -.073    -.095
Dollar
---------------------------------------------------------------------------------------------
IEF       105.28   -.05     W105.4        -11.9%       Bullish      BLUE   .11     -.085
---------------------------------------------------------------------------------------------
XLU       51.35   -.43      W52.65        -96.5%       Bearish      RED   -.276    -.142
Utilities
---------------------------------------------------------------------------------------------
WEAT      6.07    -.02       6.0           74.6%       ----         ----   .083    -.132
---------------------------------------------------------------------------------------------
YINN      38.98    .45       33.79         820.5%      Bullish      RED    .159     .138
---------------------------------------------------------------------------------------------
RSX       22.63    .54       21.19         333.2%      Bullish      BLUE   .188    -.047
---------------------------------------------------------------------------------------------
AAPL      173.03    .8       171.08        71%         Bullish      BLUE   .022     .031
---------------------------------------------------------------------------------------------
GOOG      1086.4    3.92     1048.14       175%        Bullish      RED    .107     .045
---------------------------------------------------------------------------------------------
MSFT      87.11    .76       85.72         81.5%       ----         BLUE   .083     .028
---------------------------------------------------------------------------------------------
AMZN      1209.59    5.39    1186.1        115.2%      Bullish      BLUE   .154     .175
---------------------------------------------------------------------------------------------
FB        184.33   -.34      177.92        186.8%      Bullish      RED    .08     -.001
---------------------------------------------------------------------------------------------
NVDA     213.59    1.12      197.4         410.5%      Bullish      RED    .114     .009
---------------------------------------------------------------------------------------------
BA        296.67   -1.13     296.35        17.7%       Bearish      RED   -.076     .054
---------------------------------------------------------------------------------------------
GS        256.83    3.54     256.5         17.2%       Bearish      BLUE  -.156    -.016
---------------------------------------------------------------------------------------------
HD        190.51    1.5      189.78        8.5%        ----         BLUE  -.054     .079
---------------------------------------------------------------------------------------------
CAT        159.44    2.16    158.42        60.9%       Bullish      BLUE   .287     .134
 
Table 2                     COMPARISONS OF BULLISH AND BEARISH GROUPS

                  1/4     1/3     1/2   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19  12/18  12/15  12/14   12/13  12/12  12/11  12/8   12/7   12/6   
NEWHIGHS  610   548   479    166   336     253    308      262     317    247    210     553    309     103     268    223    234    288   159   91  
NEWLOWS    61    61     39      32    28        21      26         32       45      50       45        43      49        56       25      52       41      37      50    65   
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
108  113   107   157    86        97    105        70        81      60       60      133   122       53      123      83      84      90      90      50    
MINCPs      
 113    97   108     37    35         74      70        74        81    127     117       76      65     142        67      99      75      93      73     141     
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
84   100  107      70   102       97    10      72         89      65       71      146    118      75      110      72      73      76      75      46      
TTTNLs       
141   129  193   238  108       9
3     114      147     121    187     129       90       98    192        99     161   155     177   109   219   
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP       264  199  177   117  166    179     195       222     238    143     172     166     126    123     175     101    108     96      80      79      
FASTDOWN 42    36    35    58   48       56      70           60        63      78     183        96     125    109       91      132    134   169    195    233         
Table 3
Count of Stocks and New Highs in Key Tiger Directories
         Date = 2018.01.04
-------------------------------------------------------------------
ETFS           65            34            52 %
INFRA          11            5             45 %
BIGBANKS       7             3             43 %
INDEXES        195           83            43 %
BIGMIL         6             2             33 %
MORNSTAR       238           78            33 %
DOWJONES       30            8             27 %
SP-100         96            25            26 %
DJI-13         13            3             23 %
NIFTY          30            7             23 %
COMODITY       70            16            23 %
INDMATER       91            20            22 %
FINANCE        93            19            20 %
CHINA          64            13            20 %
TRANSP         20            4             20 %
SP500          486           86            18 %
CHEM           64            10            16 %
AUTO           39            6             15 %
OILGAS         141           21            15 %
NASD-100       100           15            15 %
======================================================
RUS-1000       838           116           14 %
GREEN          31            4             13 %
FOOD           15            2             13 %
MILITARY       38            4             11 %
RETAIL         53            6             11 %
JETS           9             1             11 %
SOFTWARE       66            6             9 %
HACKERS        25            2             8 %
GOLD           50            4             8 %
REGBANKS       33            2             6 %
HOMEBLDG       17            1             6 %
BIOTECH        391           22            6 %
ELECTRON       179           7             4 %
SEMI           131           5             4 %
COMPUTER       23            1             4 %
INSURANC       32            1             3 %
BONDFUND       111           1             1 %
===============================================
None:  GAMING  SOLAR  COAL  REIT  EDU  UTILITY        
PIPELINE   BEVERAGE  HOSPITAL  
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              1/4/18
 Bullish = 40
 Bearish = 6
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGMIL         1             .833          .666          .833          .833          .833 
DJI-13         1             1             1             1             1             1 
INFRA          1             1             1             1             1             1 
JETS           1             1             1             1             1             1 
TRANSP         1             1             1             .95           .95           1 
DOWJONES       .933          .9            .9            .9            .9            .933 
ETFS           .907          .815          .738          .63           .6            .569 
COAL           .9            .9            .9            .9            .6            .6 
MORNSTAR       .882          .882          .894          .819          .848          .848 
SP-100         .875          .843          .812          .77           .791          .822 
BIGBANKS       .857          .857          .857          .857          .857          .857 
INDEXES        .841          .83           .861          .846          .825          .83 
RETAIL         .83           .886          .886          .811          .83           .811 
AUTO           .82           .717          .615          .564          .615          .538 
OILGAS         .815          .822          .751          .702          .687          .652 
N=15
==========================================================================================
GOLD           .78           .78           .82           .66           .68           .7 
SP500          .771          .773          .755          .728          .748          .734 
NASD-100       .77           .77           .73           .61           .67           .63 
NIFTY          .766          .766          .7            .566          .666          .6 
HOMEBLDG       .764          .823          .764          .764          .764          .764 
INDMATER       .758          .78           .747          .648          .604          .615 
BEVERAGE       .75           .7            .7            .65           .7            .75 
CHINA          .75           .765          .734          .578          .546          .484 
COMODITY       .742          .757          .757          .685          .685          .585 
RUS-1000       .742          .748          .724          .705          .732          .714 
MILITARY       .736          .657          .631          .684          .684          .684 
GAMING         .714          .75           .714          .678          .678          .642 
PIPELINE       .714          .714          .428          .285          .285          .142 
FINANCE        .698          .698          .688          .677          .72           .709 
SOFTWARE       .696          .651          .575          .515          .56           .575 
CHEM           .656          .656          .625          .531          .609          .562 
COMPUTER       .652          .695          .565          .478          .478          .521 
GREEN          .645          .612          .58           .645          .612          .58 
HACKERS        .64           .64           .6            .52           .56           .6 
HOSPITAL       .625          .5            .75           .5            .5            .5 
SEMI           .618          .595          .519          .389          .419          .396 
ELECTRON       .608          .592          .525          .418          .469          .446 
BIOTECH        .59           .583          .539          .462          .491          .485 
INSURANC       .562          .5            .5            .562          .562          .562 
SOLAR          .523          .428          .428          .428          .38           .428 
N=25
=============================================================================================
FOOD           .466          .533          .533          .333          .333          .266 
EDU            .428          .428          .428          .285          .428          .571 
REGBANKS       .424          .363          .424          .424          .575          .515 
BONDFUND       .387          .396          .216          .216          .189          .198 
REIT           .213          .325          .365          .421          .471          .46 
UTILITY        .162          .209          .255          .279          .232          .209 
N=46
 
 
 




==============================================================================
                  1/3/2018       
 The September Buy B21 still operates and predicts higher prices.  The
                  advances today in leading techs, semi-conductors, the NASDAQ and QQQ are encouraging. 
                  This shows continuing confidence in Growth stocks.  More military spending, smarter robotics
                  and lower taxes, especially on repatriated earnings, seem to more than offset any profit-taking.
                  We should also see them historically as a favored group when Inflation Fears begin to worry
                  investors. 


                  Oppositely, the continuing weakness in the Dollar, Banks and Utilities reflects a
                  widening belief that Inflation must surely make a return this year given the huge
                  cuts in Federal taxes.  As a result, the fall in Utilities shows no sign of relenting and
                  Gold, Silver, Oil and commodities, generally, remain favored.  Utilities have
                  under-performed the DJI by even more than TECL (3x tech stocks) have
                  outperformed it.



                  Impressively, the leading Indexes are all simultaneously advancing into all-time high territory.
                  This is very unusual.  Such congruence is ordinarily bullish.  See the charts of
DJI, SP-500,
                 
NASDAQ, NYSE and the OEX

                                                        Charts 1/3/2018 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  WATT   SQ (Square)

                               
1/3/2018   Bullish MAXCPs     Bearish MINCPs

                       Negative IP21s Are Not Consistent with January Take-Offs.

                  A new January take-off is clearly being attempted.  It is worth looking back at earlier January
                   "take-offs" to be reminded of the upside-potential this presents.  But when do this and also
                  look at the internals and key values, we find that nearly all
successful January take-offs showed
               
  much higher IP21 readings than the -.09 we now see on the DJIA. Moreover, when the IP21 was
                  below -.01, the success-rate fell for these attempted January takeoffs.  When the IP21 was
                  below -.01, there were 3 January declines in 5 cases and one February peak before a decline
                  to the lower band. 
This means we should still be looking for a January top and must
                  watch the uptrends of the Closing Powers, as was suggested last night.

                                     
                                       Early Jan.DJI High                  P-I          IP21
                                       ---------------------------------------------
                                                  1/4/1943                     +61        +.145
                                                  1/3/1945                     +94        +.245
                                                  1/3/1955                    +137       +.131
                                                  1/2/1959                     +47        +.05
                                                  1/4/1963                     +30        +.03
                                                  1/8/1964                     +33      
 -.003   No pullback
                                                  1/12/1971                  +235       +.109
                                                  1/2/1975                    -72          +.017   This was at end of long bear market
                                                  1/5/1976                    +201       +.148
                                         
1      1/6/1983                    +36         -.092  A few days later,  DJI advanced to upper
                                                                                                                                band where S12 appeared.  Then fell to lower band.
                                                                  
1/7/1986                    +164       +.035
                                                  1/5/1986                   
  -88        +.094   No pullback
                                                                  
1/5/1989                     +87       +.076
                                                                  
1/3/1992                   +206       +.156
                                                 
 1/8/1997                   +143       -.001   No top until 3/11/1997
                                                   1/6/1999                     +80       +.065 
Peak on 1/8/99.  DJI fell to lower band.
                                                      2           
1/9/2006                   +376       -.021  DJI peaked on 1/11/2006 and then fell to
                                                                                                                                                    lower 1.75% lower band. 
                                                                    
1/12/2007                +133      +.041
                                                    1/11/2010                +533      +.017 
Peak on 1/14/2010.  DJI fell to lower band.
                                                      3            
1/4/2011                  +203       -.017  DJI peaked on 2/18/2011 and then fell to
                                                                                                                                                    lower 1.75% lower band.
                                                      4            
 1/3/2012                 +246       -.09     No top until 4/1/2012
                                                     1/17/2013               +429     +.191
                                       
 5          1/16/2014               +222      -.016     Immediate decline 7% decline.
                                                       
                  There are two other problems.  Though the DJI rose an impressive 98 points today and made
                  a new high closing, there were only 446 more up than down on the NYSE and many dividend-
                  paying bond funds, REITS and bank stocks, including even Goldman Sachs, are not doing
                  well. The Closing Power for GS even made a 12-month low today.  The main problem now is
                  a fear of a return to Inflation and a quick rise in interest rates if the Dollar starts falling.
                  But this is not the 1980s.  But Inflation is still much lower than in the 1980s; so are interest rates.
                  The Republicans in Congress may even choose to move in the direction of a national sales' tax
                  to prevent a big deficit if the new round in "supply-side"/"trickle-down" economics does
                  not produce enough national growth to shore up Federal revenue.

 

Table 1
                     QUICKSILVER on ETFS - 01/03/18
 
ETF      CLOSE   CHANGE     PIVOT-PT      5-dma AROC   CL-PWR   CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       248.95    .93      247.48        34.3%       Bearish   BLUE  -.155     0
---------------------------------------------------------------------------------------------
COMPQX    7065.53    58.63   6939.34       93%         ----      BLUE  -.018    -.002
---------------------------------------------------------------------------------------------
SPY       270.47    1.7      267.32        61.3%       Bearish   BLUE  -.065    -.016
---------------------------------------------------------------------------------------------
QQQ       160.03    1.54     156.54        111.9%      Bullish   BLUE   .011     .008
---------------------------------------------------------------------------------------------
MDY       349.27    .57      345.98        45.6%       Bearish   BLUE  -.15    -.021
---------------------------------------------------------------------------------------------
IWM       154.06    .16      153.13        25.4%       Bearish   BLUE  -.251    -.041
---------------------------------------------------------------------------------------------
FAS       68.86    .92       68.39         55.5%       Bearish   BLUE  -.238     .07
---------------------------------------------------------------------------------------------
RETL      38.02   -.02       36.97        -47%         Bearish   BLUE   .113     .352
---------------------------------------------------------------------------------------------
SOXL      156.7    7.43      141.26        592.9%      ----      BLUE   .102     .109
---------------------------------------------------------------------------------------------
TECL      119.2    2.86      113.75        256.2%      Bullish   BLUE   .069     .142
---------------------------------------------------------------------------------------------
IBB       110.88    1.54     107.59        159.6%      Bullish   BLUE   .037    -.065
---------------------------------------------------------------------------------------------
GLD       124.82   -.33      122.23        123.9%      Bullish   RED    .262    -.041
---------------------------------------------------------------------------------------------
OIL       6.77    .19        6.46          214.9%      Bullish   BLUE   .243     .188
---------------------------------------------------------------------------------------------
OIH       27.22    .66       26.05         220.1%      Bullish   BLUE   .13     .075
---------------------------------------------------------------------------------------------
GASL      28.4    .79        25.33         498.9%      ----      BLUE  -.057     .265
---------------------------------------------------------------------------------------------
UGA       32.04    .64       31.93         29.9%       ----      BLUE   .005     .013
---------------------------------------------------------------------------------------------
UUP       24.02    .09      W24.2         -47.7%       Bearish   ----  -.108    -.081
---------------------------------------------------------------------------------------------
IEF       105.33    .11     W105.53        11.9%       Bullish   ----   .113    -.075
---------------------------------------------------------------------------------------------
CORN      16.84    0        W16.86         11.9%       ----      RED   -.123    -.088
---------------------------------------------------------------------------------------------
WEAT      6.09    .01        5.98          133.4%      ----      ----   .06    -.101
---------------------------------------------------------------------------------------------
YINN      38.53    1.01      33.17         713.2%      Bullish   BLUE   .11     .093
---------------------------------------------------------------------------------------------
RSX       22.09    .49       21.2          183.1%      Bullish   BLUE   .095    -.07
---------------------------------------------------------------------------------------------
AAPL      172.23   -.03      170.6         48.6%       Bullish   RED   -.046     .034
---------------------------------------------------------------------------------------------
GOOG      1082.48    17.48   1049.37       122.2%      Bullish   BLUE   .075     .028
---------------------------------------------------------------------------------------------
MSFT      86.35    .4        85.71         55.4%       Bearish   BLUE   .016     .028
---------------------------------------------------------------------------------------------
AMZN      1204.2    15.19    1182.26       116.2%      ----      BLUE   .077     .157
---------------------------------------------------------------------------------------------
FB        184.67    3.25     177.62        244%        Bullish   BLUE   .054    -.012
---------------------------------------------------------------------------------------------
NVDA     212.47    13.12     197.17        381.5%      Bullish   BLUE   .058     .011
---------------------------------------------------------------------------------------------
BA        297.8    .96       295.62        41.2%       ----      BLUE  -.089     .057
---------------------------------------------------------------------------------------------
GS        253.29   -2.38    W255.95       -86.5%       Bearish   RED   -.197    -.033
---------------------------------------------------------------------------------------------
HD        189.01    .98     W190.19       -35.6%       ----      BLUE  -.073     .089
---------------------------------------------------------------------------------------------
CAT        157.28    .24    W157.52        26.7%       Bullish   BLUE   .171     .129
 Table 2                     COMPARISONS OF BULLISH AND BEARISH GROUPS

                   1/3     1/2   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19  12/18  12/15  12/14   12/13  12/12  12/11  12/8   12/7   12/6   12/5  
NEWHIGHS   548   479    166   336     253    308      262     317    247    210     553    309     103     268    223    234    288   159      91   107       
NEWLOWS      61     39      32    28        21      26        32       45      50       45        43      49        56       25      52       41      37      50     65     53          
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs       113
  107   157    86        97    105        70        81      60       60      133   122       53      123      83      84      90      90      50     42   
MINCPs        
   97   108     37    35         74      70        74        81    127     117       76      65     142        67      99      75      93      73     141   135   
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
 100  107      70   102       97    10      72         89      65       71      146    118      75      110      72      73      76      75      46     44       
TTTNLs       
   129  193   238  108       9
3     114      147     121    187     129       90       98    192        99     161   155     177   109   219    248  
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP          199  177   117  166    179     195       222     238    143     172     166     126    123     175     101    108     96      80      79      95   
FASTDOWN    36   35    58   48       56      70           60        63      78     183        96     125    109       91     132    134   169    195    233   248      
 
 Table 3        
   Count of Stocks and New Highs in Key Tiger Directories
                       Date = 180103
               No.           NHs           Pct.
-------------------------------------------------------------------
INDEXES        195           80            41 %
INFRA          11            4             36 %
ETFS           65            21            32 %
MORNSTAR       238           73            31 %
HOMEBLDG       17            5             29 %
TRANSP         20            5             25 %
SP-100         96            23            24 %
COMODITY       70            17            24 %
INDMATER       91            19            21 %
CHEM           64            12            19 %
BIGMIL         6             1             17 %
DOWJONES       30            5             17 %
OILGAS         141           23            16 %
CHINA          64            10            16 %
DJI-13         13            2             15 %
SP500          486           74            15 %
NASD-100       100           15            15 %
--------------------------------------------------------
BIGBANKS       7             1             14 %
NIFTY          30            4             13 %
MILITARY       38            5             13 %
RUS-1000       838           110           13 %
FOOD           15            2             13 %
JETS           9             1             11 %
SOLAR          21            2             10 %
FINANCE        93            8             9 %
BIOTECH        392           35            9 %
HACKERS        25            2             8 %
RETAIL         53            4             8 %
GREEN          31            2             6 %
ELECTRON       179           10            6 %
SOFTWARE       66            4             6 %
AUTO           39            2             5 %
SEMI           131           7             5 %
COMPUTER       23            1             4 %
REGBANKS       33            1             3 %
GOLD           50            1             2 %
REIT           178           1             1 %
BONDFUND       111           1             1 %
==================================================
None: GAMING INSURANC COAL EDU UTILITY PIPELINE BEVERAGE  HOSPITAL                                  0 %
 Table 4
   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/3/18
 Bullish = 38
 Bearish = 6
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         100%          1             1             1             1             1 
INFRA          100%           1             1             1             1             1 
JETS           100%           1             1             1             1             1 
TRANSP         100%           1             .95           .95           1             1 
COAL           .9            .9            .9            .6            .6            .6 
DOWJONES       .9            .9            .9            .9            .933          .9 
RETAIL         .886          .886          .811          .83           .811          .867 
MORNSTAR       .882          .894          .819          .848          .844          .831 
BIGBANKS       .857          .857          .857          .857          .857          .857 
SP-100         .843          .812          .77           .791          .822          .802 
BIGMIL         .833          .666          .833          .833          .833          .833 
INDEXES        .83           .861          .846          .825          .83           .774 
HOMEBLDG       .823          .764          .764          .764          .764          .705 
OILGAS         .822          .751          .702          .687          .652          .673 
ETFS           .815          .738          .63           .6            .584          .584 
N=15 
============================================================================================
GOLD           .78           .82           .66           .68           .7            .68 
INDMATER       .78           .747          .648          .604          .626          .604 
SP500          .773          .755          .728          .748          .732          .73 
NASD-100       .77           .73           .61           .67           .64           .63 
NIFTY          .766          .7            .566          .666          .633          .566 
CHINA          .765          .734          .578          .546          .5            .531 
COMODITY       .757          .757          .685          .685          .585          .6 
GAMING         .75           .714          .678          .678          .642          .678 
RUS-1000       .748          .724          .705          .732          .714          .708 
AUTO           .717          .615          .564          .615          .538          .564 
PIPELINE       .714          .428          .285          .285          .142          .285 
BEVERAGE       .7            .7            .65           .7            .75           .7 
FINANCE        .698          .688          .677          .72           .709          .752 
COMPUTER       .695          .565          .478          .478          .521          .521 
MILITARY       .657          .631          .684          .684          .684          .71 
CHEM           .656          .625          .531          .609          .593          .562 
SOFTWARE       .651          .575          .515          .56           .575          .56 
HACKERS        .64           .6            .52           .56           .6            .6 
GREEN          .612          .58           .645          .612          .58           .58 
SEMI           .595          .519          .389          .419          .404          .381 
ELECTRON       .592          .525          .418          .469          .458          .446 
BIOTECH        .584          .54           .464          .492          .489          .474 
FOOD           .533          .533          .333          .333          .266          .333
N=23
=============================================================================================== 
HOSPITAL       .5            .75           .5            .5            .5            .5 
INSURANC       .5            .5            .562          .562          .531          .531
=============================================================================================== 
EDU            .428          .428          .285          .428          .571          .571 
SOLAR          .428          .428          .428          .38           .428          .428 
BONDFUND       .396          .216          .216          .189          .18           .09 
REGBANKS       .363          .424          .424          .575          .545          .575 
REIT           .325          .365          .421          .471          .46           .443 
UTILITY        .209          .255          .279          .232          .209          .186 
N=6

 



=============================================================================
                 1/2/2018       
 The September Buy B21 still operates and predicts higher prices.  The
                  advance today in leading techs, semi-conductors and the NASDAQ is encouraging.  This
                  shows continuing confidence in Growth stocks.  (They are a favored group when Inflation
                  fears begin to gather forces.)  The continuing weakness in the Dollar, Banks and Utilities
                  reflects a widening belief that Inflation will make a return this year.  Accordingly, Gold,
                  Silver and Oil are favored.

                  But lets consider the major ETFs, DIA, SPY as well as the NASDAQ.  As long as Peerless
                  does not give a Sell signal, we are probably safe.  But just to be sure, if the DJI's IP21 continues
                  to be negative and the key ETFs' Closing Power remain below their recent highs, I think we
                  should review some of our Closing Power rules for traders.
                 
                  How worried should we be that the DJI's IP21-Accumulation is now
-.086.  So far, my answer
                  has been to wait for Peerless to give a Sell signal.  But let me revise that below.  When the
                  Accumulation Index remains negative for a week or more and the Closing Power is lagging,
                  it may be a good idea to draw the best Closing Power we can with the SP-500 and Sell if
                  the CP breaks that uptrend-line.  I will start posting this chart along with SPY's and DIA's.

                                           SP-500 now show shows a falling Closing Power
                                           and a negative IP21.  This can still be repaired.  It must
                                           not worsen.  That would likely be bearish and mean
                                           one of January sell-off scenarios we have recently shown
                                           might start to play out.

 
               
                                           
Rules for Closing Power and Closing Power Weakness
                                            Applied to SP-500.


                       1) It is usually very bullish when the Accumulation Index (IP21) has been consistently positive
                       and then dips below zero for less than a week and then turns positive again.
                       Examples below occurred within a year of bull market peak in 2000.  Even so it is bullish.
                       This concept would seem to apply to the NASDAQ now.  But another week's delay
                       would make rule #3 apply.




                       2) An extended flat-top pattern followed by a breakout which is soon abundantly
                       confirmed by IP21 is very bullish.  Examples: SP-500- 1994-1995 and 1998-1999.



                       3) When IP21 and Closing Power are lagging, prices can still go higher for a while,
                       but it is advisable to sell when the SP-500's Closing Power then breaks its uptrendline.
                       This commonly occurs at a very tradable market top.
                       Examples:  SP-500: 1996, 1997,  2000, 2011, 2013-2014, 2014-2105.




                       4) Expect a sell-off as soon as Closing Power uptrend is broken following a Peerless
                       S12 or after the SP-500 forms a head/shoulders pattern:
                       Examples: Oct-2008 and May 2010.

 
 

                                                        Charts 1/2/2018 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  WATT   SQ (Square)

                               
1/2/2018   Bullish MAXCPs     Bearish MINCPs   
 Table 1
                 QuickSilver Documentation  This is for short-term trading 
			leveraged ETFs. 

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.
QUICKSILVER on ETFS - 01/02/18
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC   CL-PWR    CANDLE  IP21   ITRS
---------------------------------------------------------------------------------------------
DIA       248.02    .64      247.25        12.5%    Bearish    RED   -.12     ----
---------------------------------------------------------------------------------------------
COMPQX    7006.9    103.51   6936.25       33.8%    ----       BLUE  -.027    -.01
---------------------------------------------------------------------------------------------
SPY       268.77    1.91     267.19        23.6%    Bearish    BLUE  -.045    -.02
---------------------------------------------------------------------------------------------
QQQ       158.49    2.73     156.52        35.8%    ----       BLUE   .019    -.002
---------------------------------------------------------------------------------------------
MDY       348.7    3.29      346.11        39.9%    Bearish    BLUE  -.114    -.019
---------------------------------------------------------------------------------------------
IWM       153.9    1.44      153.28        23.2%    Bearish    BLUE  -.152    -.04
---------------------------------------------------------------------------------------------
FAS       67.94   -.44      W68.1         -32.1%    Bearish    RED   -.2       .081
---------------------------------------------------------------------------------------------
RETL      38.04    2        W38.37         155.3%   Bearish    BLUE   .152     .407
---------------------------------------------------------------------------------------------
SOXL      149.27    11.37    139.85        186.5%   ----       BLUE   .111     .066
---------------------------------------------------------------------------------------------
TECL      116.34    4.17     113.36        29%      ----       BLUE   .074     .133
---------------------------------------------------------------------------------------------
IBB       109.34    2.57     107.44        111.8%   Bullish    BLUE   .02     -.092
---------------------------------------------------------------------------------------------
GLD       125.15    1.5      121.77        172.1%   Bullish    BLUE   .231    -.048
---------------------------------------------------------------------------------------------
OIL       6.58    .04        6.49          232.4%   Bullish    ----   .155     .159
---------------------------------------------------------------------------------------------
OIH       26.56    .51       26.07         161.8%   Bullish    BLUE   .142     .036
---------------------------------------------------------------------------------------------
GASL      27.61    2.22      25.8          653.7%   ----       BLUE  -.06      .232
---------------------------------------------------------------------------------------------
UGA       31.4   -.45       W31.85         14.2%    Bearish    RED   -.062     .012
---------------------------------------------------------------------------------------------
UUP       23.93   -.1       W24.25        -70.3%    Bearish    ----  -.132    -.082
---------------------------------------------------------------------------------------------
IEF       105.22   -.35      105.08        8.5%     Bullish    RED    .101    -.083
---------------------------------------------------------------------------------------------
CORN      16.84    .07       16.8          8.9%     ----       BLUE  -.08    -.1
---------------------------------------------------------------------------------------------
WEAT      6.08    .08        5.93          117.3%   ----       BLUE   .067    -.119
---------------------------------------------------------------------------------------------
YINN      37.52    3.5       33.62         570.5%   Bullish    BLUE   .1       .102
---------------------------------------------------------------------------------------------
RSX       21.6    .39        21.31         115.5%   ----       ----  -.005    -.097
---------------------------------------------------------------------------------------------
AAPL      172.26    3.03     170.57       -80.3%    Bullish    BLUE   .04     .034
---------------------------------------------------------------------------------------------
GOOG      1065    18.6       1056.74       23.2%    Bullish    BLUE   .027     .011
---------------------------------------------------------------------------------------------
MSFT      85.95    .41       85.4          25.7%    Bearish    RED    .012     .033
---------------------------------------------------------------------------------------------
AMZN      1189.01    19.54   1176.76       87.8%    Bearish    BLUE   .015     .134
---------------------------------------------------------------------------------------------
FB        181.42    4.96     175.99        119.2%   Bullish    BLUE   .01     -.031
---------------------------------------------------------------------------------------------
NVDA     199.35    5.85      197.44        104%     ----       BLUE   .02     -.063
---------------------------------------------------------------------------------------------
BA        296.84    1.93     295.36        29.4%    Bearish    BLUE  -.16      .075
---------------------------------------------------------------------------------------------
GS        255.67    .91     W257.72       -64.3%    Bearish    RED   -.097    -.005
---------------------------------------------------------------------------------------------
HD        188.03   -1.5     W190.36       -2.6%     ----       RED   -.058     .081
---------------------------------------------------------------------------------------------
CAT        157.04   -.54     156.44        41%      Bullish    RED    .165     .123
 
Table 2
                                     COMPARISONS OF BULLISH AND BEARISH GROUPS

                   1/2   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19  12/18  12/15  12/14   12/13  12/12  12/11  12/8   12/7   12/6   12/5  
NEWHIGHS  479    166   336     253    308      262     317    247    210     553    309     103     268    223    234    288   159      91   107       
NEWLOWS    39      32    28        21      26        32       45      50       45        43      49        56       25      52       41      37      50     65     53          
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
 107   157    86        97    105        70        81      60       60      133   122       53      123      83      84      90      90      50     42   
MINCPs        
 108     37    35         74      70        74        81    127     117       76      65     142        67      99      75      93      73     141   135   
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs        
 107      70   102       97    10      72         89      65       71      146    118      75      110      72      73      76      75      46     44       
TTTNLs       
   193   238  108       9
3     114      147     121    187     129       90       98    192        99     161   155     177   109   219    248  
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP         177   117  166    179     195       222     238    143     172     166     126    123     175     101    108     96      80      79      95   
FASTDOWN    35    58   48       56      70           60        63      78     183        96     125    109       91     132    134   169    195    233   248      

Table   3
    
Count of Stocks and New Highs in Key Tiger Directories
                   Date = 2018.01.02
               No.           NHs           Pct.
-------------------------------------------------------------------
TRANSP         20            7             35 %
INDEXES        195           66            34 %
BIGBANKS       7             2             29 %
ETFS           65            19            29 %
INFRA          11            3             27 %
MORNSTAR       238           60            25 %
COMODITY       70            17            24 %
JETS           9             2             22 %
INDMATER       91            19            21 %
BIGMIL         6             1             17 %
DOWJONES       30            5             17 %
SP-100         96            16            17 %
CHEM           64            10            16 %
DJI-13         13            2             15 %
====================================================
OILGAS         141           20            14 %
CHINA          64            9             14 %
RETAIL         53            7             13 %
FOOD           15            2             13 %
HOMEBLDG       17            2             12 %
FINANCE        93            11            12 %
SP500          486           52            11 %
GREEN          31            3             10 %
RUS-1000       838           82            10 %
SOLAR          21            2             10 %
COAL           10            1             10 %
BEVERAGE       20            2             10 %
COMPUTER       23            2             9 %
AUTO           39            3             8 %
MILITARY       38            3             8 %
HACKERS        25            2             8 %
BIOTECH        385           29            8 %
NASD-100       100           8             8 %
NIFTY          30            2             7 %
SOFTWARE       66            4             6 %
SEMI           131           7             5 %
GAMING         28            1             4 %
ELECTRON       179           7             4 %
GOLD           50            2             4 %
UTILITY        43            1             2 %
REIT           178           1             1 %
None: REGBANKS INSURANC EDU PIPELINE BONDFUND HOSPITAL       
Table 4
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               1/2/18
 Bullish = 38
 Bearish = 7
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         1             1             1             1             1             1 
INFRA          1             1             1             1             1             1 
JETS           1             1             1             1             1             1 
TRANSP         1             .95           .95           1             1             1 
COAL           .9            .9            .6            .6            .6            .6 
DOWJONES       .9            .9            .9            .933          .9            .9 
MORNSTAR       .894          .819          .848          .844          .836          .831 
RETAIL         .886          .811          .83           .811          .849          .83 
INDEXES        .861          .846          .825          .83           .774          .753 
BIGBANKS       .857          .857          .857          .857          .857          .857 
GOLD           .82           .66           .68           .7            .66           .54 
SP-100         .812          .77           .791          .822          .812          .812 
-------------------------------------------------------------------------------------------
HOMEBLDG       .764          .764          .764          .764          .705          .705 
COMODITY       .757          .685          .685          .585          .585          .528 
SP500          .755          .728          .748          .732          .734          .738 
OILGAS         .751          .702          .687          .652          .673          .631 
HOSPITAL       .75           .5            .5            .5            .5            .5 
INDMATER       .747          .648          .604          .626          .615          .615 
ETFS           .738          .63           .6            .584          .584          .615 
CHINA          .734          .578          .546          .5            .531          .593 
NASD-100       .73           .61           .67           .64           .64           .65 
RUS-1000       .724          .705          .732          .714          .71           .71 
GAMING         .714          .678          .678          .642          .678          .678 
BEVERAGE       .7            .65           .7            .75           .7            .65 
NIFTY          .7            .566          .666          .633          .6            .633 
N=25
=============================================================================================
FINANCE        .688          .677          .72           .709          .774          .795 
BIGMIL         .666          .833          .833          .833          .833          .833 
MILITARY       .631          .684          .684          .684          .71           .736 
CHEM           .625          .531          .609          .593          .593          .546 
AUTO           .615          .564          .615          .538          .564          .512 
HACKERS        .6            .52           .56           .6            .6            .6 
GREEN          .58           .645          .612          .58           .58           .645 
SOFTWARE       .575          .515          .56           .575          .575          .59 
COMPUTER       .565          .478          .478          .521          .521          .565 
BIOTECH        .537          .459          .488          .488          .467          .47 
FOOD           .533          .333          .333          .266          .333          .2 
ELECTRON       .525          .418          .469          .458          .452          .508 
SEMI           .519          .389          .419          .404          .389          .48 
N=13
=============================================================================================
INSURANC       .5            .562          .562          .531          .531          .5 
=============================================================================================
EDU            .428          .285          .428          .571          .714          .714 
PIPELINE       .428          .285          .285          .142          .285          .142 
SOLAR          .428          .428          .38           .428          .428          .476 
REGBANKS       .424          .424          .575          .545          .606          .666 
REIT           .365          .421          .471          .46           .443          .393 
UTILITY        .255          .279          .232          .209          .186          .186 
BONDFUND       .216          .216          .189          .18           .09           .081
N= 7


==============================================================================
                                                         H A P P Y    N E W   Y E A R

                12/29/2017 
  The September Buy B21 still operates and predicts higher prices.  However,
                traders have to stay vigilant.  The DJI's Accumulation Index (IP21) is now negative, a -.041, the
                major ETFs' Closing Powers are all falling and the NASDAQ is significantly underperforming.
                the DJI.  
 Only Gold, Silver, Oil and Oil Drilling show blue Quicksilver strength.  This is the result
               of a weakening Dollar and the likelihood of a much higher rate of Inflation in 2018.
               All the major market ETFs show mostly or all negative (red) Quicksilver values:                
               DIA, SPY, QQQ, IWM, TECL, SOXL and even FAS.  See Table 1. Fortunately, the upwards
               price and breadth momentum should limit any decline.



                The temptation now will be strong for many to take profits in high flying tech stocks due
                to the much lower taxes this year and switch to infrastructure stocks because of the
                likelihood of new federal legislation which will focus on "rebuilding our crumbling" bridges, roads,
                railroads, airports, schools...". All we have to do to see this is to compare CAT's accelerating
                uptrend with the NASDAQ and its numerous signs of weakness. 

                If the V-I, now +40, turns negative and the DJI hovers where it is now, we could still get a
                Sell S16 until Thursday.  See the recent example below.  That seems an unlikely development.


               

                Traders should appreciate that a very low or negative IP21 in the DJI now does not
                mean that we will next see a quick decline to the lower band.  In 4 of the 9 past cases
                where the IP21 was very low like it was on December 28th, there was no January decline
                much below the 21-day ma and even
in the four cases where there was a January peak,
                the DJI typically advanced 2.1% from the end of December before making its top.
                

                                              The Big Picture Remains Very Bullish

                Barring war, we are in the midst of a tremendously important fiscal experiment/gamble.  The
                Trump tax cuts for corporations and the wealthy plus the bullishness of a big, mostly privatized
                Infrastructure program are setting up for Wall Street and stocks for what could be an almost
                "perfect" new year.  Just so long as interest rates do not shoot up past 3%, the history of the
                1950s, from 1954 to 1957 suggests that we should remain very bullish. If we compare this,
                the second year of the Trump Administration, with the second year of the Eisenhower bull market
                in the1950s, we could see another very good year, perhaps, like 1954-1955 was back then. 
                (These years' DJI charts are shown below.) 

                Of course, such an outcome will require the current red Distribution in the DJI chart soon drying up.
                After that, we should expect to see a late January price breakout and a surge to new highs, all
                confirmed by the NYSE A/D Line.  But first, the markets must deal with the cross-currents of
                profit-taking and accentuated tax-based selling.

                                              January Seasonality and Short-Term Traders

                If this were a more typical year, we could not be so bullish.  But as a trained Keynesian,
                I have to view tax cuts and additional federal spending as a powerfully bullish combination
                for two or three years. 

                Overall since 1929, Januaries are the fourth most bullish month of the year.  But this is
                misleading.  If we only look at
Januaries in the second year of the Presidential Election,
                then this month has only a 54.5% probability of rising and the average gain in the DJI is
                just 0.2%.
 As I have said a dozen times since Trump's election, these statistics give no
                weight to his tremendously bullish economic growth program.  Note that Trump even says more
                inflation should be viewed as a positive force.  (So, I can't wait to see how he treats his new
                Fed chairman when the latter starts talking about inflation and the need for higher interest rates.)

                                                The Negative IP21 Is Short-Term Bearish

                Early Januaries (before the 10th) have produced tradable declines in 10 of the 24 second
                years in the Presidential cycle. (1918, 1942, 1962, 1970, 1974, 1978, 1982, 1990, 2002
                and 14).  When the Accum. Index is negative but the P-I is positive at the end of the year
                and the DJI has closed more than 1% over the 21-day ma, as it did on December 28th,
                the odds are 4/9 (44.4%) that we shall see a tradable January top but still 55.6% that we shall
                not see a stop until at least February.  Looking at those cases closer, we see that the
                DJI rises 2.1% from the end of December to these 4 January peaks. See my study here
                And all these January peaks gave a Peerless sell signal.  So, for traders, the conclusion I have
                to reach  now is that we should still give the market more of a chance to run.  

                                                         Charts 12/29/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  WATT   SQ

                                         
12/29/2017   Bullish MAXCPs     Bearish MINCPs   
Table 1    Only Gold, Silver, Oil and Oil Drilling show blue Quicksilver strength.  This is the result
               of a weakening Dollar and the likelihood of a much higher rate of Inflation in 2018.
               All the major ETFs show mostly or all negative (red) Quicksilver values.
                     QUICKSILVER on ETFS - 12/29/17
  
ETF      CLOSE   CHANGE     PIVOT-PT  5-dma AROC   CL-PWR   CANDLE    IP21     ITRS
---------------------------------------------------------------------------------------------
DIA       247.38   -.75      W247.4       -5.7%    Bearish      RED   -.085    -----
---------------------------------------------------------------------------------------------
COMPQX    6903.39   -46.77  W6959.96      -44.6%   Bearish      RED   -.011    -.027
---------------------------------------------------------------------------------------------
SPY       266.86   -1.01    W267.51       -13.5%   Bearish      RED   -.08     -.025
---------------------------------------------------------------------------------------------
QQQ       155.76   -.97      157.37       -57%     Bearish      RED    .016    -.022
---------------------------------------------------------------------------------------------
MDY       345.41   -1.85    W345.94       -7.5%    Bearish      RED   -.219    -.026
---------------------------------------------------------------------------------------------
IWM       152.46   -1.27    W153.19       -32.9%   Bearish      RED   -.207    -.049
---------------------------------------------------------------------------------------------
FAS       68.38   -.88       68.38        -7.3%    Bearish      RED   -.208     .093
---------------------------------------------------------------------------------------------
RETL      36.04   -.84      W36.89        -86.1%   Bearish      RED    .039     .317
---------------------------------------------------------------------------------------------
SOXL      137.9   -4.26     W144.01       -228%    Bearish      RED    .046    -.028
---------------------------------------------------------------------------------------------
TECL      112.17   -1.99    W115.68       -168.4%  Bearish      RED    .065     .081
---------------------------------------------------------------------------------------------
IBB       106.77   -1.02    W106.94       -1.4%    ----         RED   -.002    -.115
---------------------------------------------------------------------------------------------
GLD       123.65    .8       120.94        137.3%  Bullish      ----   .16     -.053
---------------------------------------------------------------------------------------------
OIL       6.54    .04        6.28          210.9%  Bullish      ----   .121     .138
---------------------------------------------------------------------------------------------
OIH       26.05    .14       25.72         52.1%   Bullish      BLUE   .072     .001
---------------------------------------------------------------------------------------------
GASL      25.39   -.77       24.29         288.8%  ----         RED   -.097     .108
---------------------------------------------------------------------------------------------
UGA       31.85   -.15       31.31         101.1%  ----         RED   -.022     .019
---------------------------------------------------------------------------------------------
UUP       24.03   -.1       W24.27        -47.5%   Bearish      ----  -.076    -.079
---------------------------------------------------------------------------------------------
IEF       105.57    .17      105.04        27.1%   Bullish      BLUE   .094    -.076
---------------------------------------------------------------------------------------------
CORN      16.77    0        W16.81         3%      ----         ----  -.058    -.101
---------------------------------------------------------------------------------------------
WEAT      6    0             5.94          33.5%   ----         ----  -.036    -.125
---------------------------------------------------------------------------------------------
YINN      34.02    .23       33.68         138.9%  Bearish      RED    .017    -.068
---------------------------------------------------------------------------------------------
RSX       21.21    .02       21.11         92.3%   ----         ----  -.101    -.124
---------------------------------------------------------------------------------------------
AAPL      169.23   -1.85    W175.01       -167.6%  Bullish      RED    .057    -.01
---------------------------------------------------------------------------------------------
GOOG      1046.4   -1.74    W1060.12      -81.6%   ----         RED   -.01    -.015
---------------------------------------------------------------------------------------------
MSFT      85.54   -.18       85.51         2.3%    Bearish      ----   .034     .033
---------------------------------------------------------------------------------------------
AMZN      1169.47   -16.63   1168.36      -22.5%   Bearish      RED    .034     .104
---------------------------------------------------------------------------------------------
FB        176.46   -1.46    W177.2        -27.9%   Bearish      RED   -.017    -.066
---------------------------------------------------------------------------------------------
NVDA     193.5   -3.9       W195.27       -60.8%   Bearish      RED    .016    -.089
---------------------------------------------------------------------------------------------
BA        294.91   -1.44    W295.1        -2%      Bearish      RED   -.129     .065
---------------------------------------------------------------------------------------------
GS        254.76   -1.74    W258.97       -121.1%  Bearish      RED   -.078    -.016
---------------------------------------------------------------------------------------------
HD        189.53   -.25      188.13        38.3%   Bullish      RED    .025     .091
---------------------------------------------------------------------------------------------
CAT        157.58   -.84     155.75        93.9%   Bullish      RED    .267     .131
Table 2
             COMPARISONS OF BULLISH AND BEARISH GROUPS
                   12/29  12/28 12/27  12/26   12/22  12/21  12/20  12/19    12/18  12/15   12/14    12/13  12/12   12/11   12/8    12/7   12/6    12/5   12/4  12/1
NEWHIGHS     166   336     253    308    262     317    247    210     553     309     103       268    223     234    288    159      91     107    340    197 
NEWLOWS       32    28        21      26      32       45      50       45        43      49        56          25      52       41      37       50      65      53       37      16 
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
    157    86       97    105     70         81      60       60      133      122      53      123      83         84      90      90        50      42     92    105 
MINCPs        
      37    35       74      70      74        81     127     117       76       65      142       67        99        75     93      73       141   135   152     93
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs           
 70   102       97    10   72         89      65       71      146      118     75      110      72          73      76      75      46       44      72      53  
TTTNLs       
     238  108       9
3     114   147     121    187     129      90       98       192       99       161       155   177    109   219     248   402  286
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP           117  166    179    195    222     238    143     172     166     126      123     175     101       108     96      80      79        95     180  126 
FASTDOWN     58   48       56      70     60        63       78     183        96     125      109       91     132       134   169     195    233   248     210   156 
Table 3
Count of Stocks and New Highs in Key Tiger Directories
           Date = 171229
               No.          NHs            Pct.
-------------------------------------------------------------------
COMODITY       70            15            21 %  (Includes mostly Oil ETFs)
BEVERAGE       20            4             20 %
ETFS           65            10            15 %
----------------------------------------------------
EDU            7             1             14 %
JETS           9             1             11 %
INFRA          11            1             9 %
FOOD           15            1             7 %
HOMEBLDG       17            1             6 %
CHINA          64            4             6 %
OILGAS         141           7             5 %
COMPUTER       22            1             5 %
FINANCE        93            4             4 %
HACKERS        25            1             4 %
RETAIL         53            2             4 %
GREEN          31            1             3 %
CHEM           64            2             3 %
MILITARY       38            1             3 %
MORNSTAR       238           6             3 %
SOFTWARE       66            2             3 %
INDMATER       92            2             2 %
INDEXES        195           3             2 %
ELECTRON       179           4             2 %
SEMI           130           3             2 %
RUS-1000       838           15            2 %
SP-100         96            1             1 %
BIOTECH        386           3             1 %
SP500          486           7             1 %
REIT           178           1             1 %
--------------------------------------------------
The rest have none:
BIGBANKS  BIGMIL   REGBANKS   AUTO   DJI-13   DOWJONES    
NIFTY   GAMING   INSURANC   NASD-100   TRANSP   SOLAR  
COAL   GOLD   UTILITY   PIPELINE  BONDFUND  HOSPITAL  
 Table 4
              RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              12/29/17
 Bullish = 33
 Bearish = 12
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         100%          1             1             1             1             1 
INFRA          100%          1             1             1             1             .909 
JETS           100%          1             1             1             1             1 
TRANSP         .95           .95           1             1             1             1 
COAL           .9            .6            .6            .6            .6            .6 
DOWJONES       .9            .9            .933          .9            .9            .9 
BIGBANKS       .857          .857          .857          .857          .857          .857 
INDEXES        .846          .825          .83           .774          .753          .733 
BIGMIL         .833          .833          .833          .833          .833          .833 
MORNSTAR       .819          .848          .844          .836          .836          .836 
RETAIL         .811          .83           .811          .849          .811          .792 
SP-100         .77           .791          .822          .812          .812          .833 
HOMEBLDG       .764          .764          .764          .705          .705          .764 
SP500          .728          .748          .732          .734          .738          .74 
RUS-1000       .705          .732          .714          .71           .71           .713 
OILGAS         .702          .687          .652          .673          .638          .638 
COMODITY       .685          .685          .585          .585          .528          .5 
MILITARY       .684          .684          .684          .71           .736          .736 
GAMING         .678          .678          .642          .678          .678          .642 
FINANCE        .677          .72           .709          .774          .795          .849 
GOLD           .66           .68           .7            .66           .54           .38 
INDMATER       .652          .608          .63           .619          .608          .586 
BEVERAGE       .65           .7            .75           .7            .65           .7 
GREEN          .645          .612          .58           .58           .645          .645 
ETFS           .63           .6            .584          .584          .63           .584 
NASD-100       .61           .67           .64           .64           .65           .68 
CHINA          .578          .546          .5            .531          .609          .562 
NIFTY          .566          .666          .633          .6            .633          .666 
AUTO           .564          .615          .538          .564          .512          .641 
INSURANC       .562          .562          .531          .531          .5            .5 
CHEM           .531          .609          .593          .593          .562          .593 
HACKERS        .52           .56           .6            .6            .6            .6 
SOFTWARE       .515          .56           .575          .575          .59           .621 
N=33
=============================================================================================
HOSPITAL       .5            .5            .5            .5            .5            .5 
=============================================================================================
BIOTECH        .458          .487          .487          .466          .474          .458 
COMPUTER       .454          .454          .5            .5            .545          .545 
SOLAR          .428          .38           .428          .428          .476          .476 
REGBANKS       .424          .575          .545          .606          .666          .757 
REIT           .421          .471          .46           .443          .393          .382 
ELECTRON       .418          .469          .458          .452          .508          .541 
SEMI           .384          .415          .4            .384          .476          .492 
FOOD           .333          .333          .266          .333          .2            .266 
EDU            .285          .428          .571          .714          .714          .714 
PIPELINE       .285          .285          .142          .285          .142          .142 
UTILITY        .279          .232          .209          .186          .186          .186 
BONDFUND       .216          .189          .18           .09           .081          .099 
N=12
 


==============================================================================
               12/28/2017. 
 The September Buy B21 still operates and predicts higher prices.   The DJI's
                narrow price pattern looks like a FLAG.
 This is usually a continuation pattern.  And bullishly the
                NYSE A/D Line made a 12-month high.  But our IP21 remains negative. 

                                                        The conclusion I reach is
                that until Peerless gives a Sell signal, we should not sell.  I should add, though, that all
                major ETFs now show falling Closing Powers.  (See Table 1). This is a warning not to
                expect a big January take-off; at least not until we see some gains extended significantly
                after the openings.



               
In reaching that conclusion, I have looked back at all the past cases where the DJI closed 1.01%
                above the 21-dma and showed a negative IP21and a positive P-I, as now, on December 28th. 
                Only in one cases should Peerless ideally have given a Sell.  That was in 2009.  After a quick
                decline to the lower band in January 2010, the DJI then rallied to new highs. Table A below shows
                all these cases. 

                I also reviewed the data for all 16 cases where the NYSE A/D Line was making a new high at the
                end of December. In 7 of the 16 cases, the DJI moved up after January 10th to significant new
                highs.  But in 4 cases, the DJI quickly topped out and fell.  In 5 more cases, the DJI peaked before
                January 10th.  Note that in only 2 of these cases did the DJI fall more than 2.5% below lower band
                before running up to new highs.  In 13 of the 16 cases, the DJI made significant new highs after
                whatever January mischief it needed to deal with. 


                   
Today Nicolas Tesla's Dream of A Wireless World  Seems A Lot More Real.2

               
Energous (WATT) is company that builds chargers that can power electronics through the air.
                The Federal Communications Commission (FCC) granted its first approval for remote wireless-                charging technology, its “WattUp” system, yesterday.  That’s a big step closer to commercial
                viability for wireless charging.  There would be a huge market for this.  Many other applications
                are sure to be developed.  As a caution, note that we do not know how long it takes to charge,
                say, a cell phone and today the US Patent & Trademark Office

                published a pair of patent applications from Apple relating to wireless charging.  WATT
                should go much higher.  So should AAPL. Worldwide-interest in this could be huge. 
                (I will add it to the stocks that are graphed each night.)

                          

 

                          Consider A Short Sale on Square Financial Services (SQ)

              
 It has a big bet on Bitcoins.  But the real reason, I think, that it now shows a bearish
                head/shoulders pattern is because it is unexpectedly freezing merchants' moneys without warning
                after they have run a customer's credit card through its slick processing system.  More and
                more complaints about SQ's arbitrary seizure of this money and the difficulty that merchants are
                having getting their moneys unfrozen.  This we can see from the on-line reviews of SQ.  Since
                trust and confidence are the keys to any financial services business, SQ is burning a lot of bridges
                and getting the worst kind of publicity.  Well, not the worst.  That may lie ahead.  This is a story
                that is only beginning to play out.  SQ is a San Francisco company.  The number of complaints
                against it will surely lead to the State of California launching an investigation into what appears to
                be a form of financial theft and racketeering.  News of  such an investigation will really hurt.  This is
                a company that depends entirely on businessmen's confidence in it.  (I will add SQ the stocks
                that are graphed each night and we will see if this story develops into a full-blown scandal.)


                      "
Top 66 Reviews and Complaints about Square - ConsumerAffairs.com

"Rating: 1.6 - ‎66 votes
Original review: Nov. 9, 2017. I used to rave about Square as I thought that they were the wave of the future and recommended them to so many people. However, suddenly my account is frozen, funds not deposited and I can't get in touch
 with anyone for days.
Since, they don't have a phone number that works, or you can't ..."
 
                                                            Charts 12/28/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  (small Biotech)

                                         
12/28/2017   Bullish MAXCPs     Bearish MINCPs



Table A
 
  DJI above 1.01% Band with a Positive P-I and a Negative IP21.
  =============================================================
  
  In only 1 case did Peerless fail to give a Sell before the DJI fell
  to the lower band.
 1            19341228       103.2         1.016         .7           -.062
              DJI peaked on 1/7/1934 @105.9 (S16/S9/S12 )
              and fell to lower 1.9% band @100.2 
-------------------------------------------------------------------------------- 
 2            19351231       144.1         1.016         15.9         -.132 
              DJI rallied until 3/4 @156.7 before Peerless gave a Sell.
-------------------------------------------------------------------------------- 
 3            19821228       1058.87       1.028         17.3         -.114 
              DJI rallied until 1/12 @1083.61 (S12).  DJI then fell to lower band.
--------------------------------------------------------------------------------
 4            19961230       6549.37       1.017         35.9         -.003 
              DJI rallied until 2/18 @7067.46 (S4,S12), DJI then fell below lower band.
--------------------------------------------------------------------------------
 5            20001229       10786.85      1.013         282.7        -.023
              DJI rallied until 1/4/2001 (S12)@10912.41.  DJI then fell tolower band. 
--------------------------------------------------------------------------------
 6           20091228       10547.08       1.012         410.7        -.018
              DJI rallied until 1/19/2009 (no Sell) @10725.43.  
              DJI then fell 7.5% and below lower band before rallying to new highs. 
--------------------------------------------------------------------------------
 7           20111230       12217.56       1.011         136.6        -.096 
              DJI rallied until 3/21/2012 (S1)@13124.62.  DJI then fell to lower band.
--------------------------------------------------------------------------------
 8           20131230       16504.29       1.026         79.7         -.028 
             DJI rallied until 12/30/2013 (S16) @16504.29.  DJI then fell to below lower band.
--------------------------------------------------------------------------------
 9           20141229       18038.23       1.016         39.6         -.013 
             DJI rallied until 5/19/2015 (S12) @18312.39. DJI then fell to lower band.


 Table B 
16 Past Cases where A/D Line Makes New Highs at End of December:

  4 cases -
DJI immediately fell.
 1976, 1992 and 2004 (All Election Years) and 2013.
 
5 cases  - DJI peaked in January before the 10th. 1943, 1949, 1952, 1954 and 1995
                            - 1943 - shallow decline to 2.3% lower band and then new highs.
                            - 1949 - very shallow decline to 1.2% lower band and then new highs.
                           
- 1952 - Decline to 4.1% lower band.
                            - 1954 - shallow decline to 2.6% lower band and then new highs.
                            - 1995 - shallow decline to 2.0% lower band and then new highs.
 
7 cases   - DJI peaked after 1/10 of next year.
  -----------------------------------------------------------------------------------------------------------------------------
  1 case like ours now     - IP21 was negative.

                   
On 12/31 the DJI peaked and fell to lower 5.1% band on 2/3 @ 15372.80. 

                
 12/28               Next Peak before Decline to Lower Band
                
 DJI
2017                24837.51  
                        PI= 187  IP21=-.008  V=61   OP=.344
 -------------------------------------------------------------------------------------------------------
1943-4              135.00        DJI rallied to 138.7 on 1/5It then fell back to 2.3% lower band on 2/7 @134.2
                                            and then rose to 150.2 on 7/11                      
                          PI = 84  IP21 = .075  V= 43  OP=.264
-----------------------------------------------------------------------------------------------------------------------------------------

1949-50             199.6         DJI rallied to 201.9 on 1/9/50.  It fell back to 1.2% lower band on 1/13 @196.8.
                                             then rose 228.4 on 6/12/1950.
                         PI=33   IP21=.176 V=56  OP=.136
----------------------------------------------------------------------------------------------------------------------------------------

1950-1951         235.3         DJI rallied to 255.7  on 2/13/1951.  It then fell back to 3.2% lower band @243.9 
on 3/14/1951
                         PI=173 IP21=.076   V=280  OP=.158
----------------------------------------------------------------------------------------------------------------------------------------
1952-1953         288.2         DJI rallied to 293.8 on 1/5/1953.  Then fell back to 4.1% lower band  @274.1 on 4/6/1953.
                        
PI=52 IP21=.132   V=-28  OP=.327
----------------------------------------------------------------------------------------------------------------------------------------
1954-1955         398.5         DJI rallied to 408.9 on 1/3/55.  Then fell back to 2.6% lower band @ 388.2 on 1/17/1955.
                         
It then rose to 418.3 on 3/3/1955 before falling to 4.7% lower band.
                           PI=87  IP21=.068     V=67    OP=.193
----------------------------------------------------------------------------------------------------------------------------------------
1958-1959          577.3       DJI rallied to 597.7 on 1/23.  DJI then fell back to 2.9% lower band @ 574.5
It then rose to  July.
                            PI=86  IP21=.084     V=86    OP=.382
----------------------------------------------------------------------------------------------------------------------------------------
1976                   1000.08    DJI rallied only to 1004.65 on 12/31.  DJI then started a year-long bear market.
                           PI=228  IP21=.091   V=2      OP=.398
----------------------------------------------------------------------------------------------------------------------------------------
1992-1993          3333.26    DJI immediately fell to lower 1.5% band on 1/20/1993 @ 3241.95.
It then rose erratically
to June and beyond.
                            PI=78   IP21=.107
----------------------------------------------------------------------------------------------------------------------------------------
1995-1996          5095.8      DJI rose to 5194 on 1/3.  It then fell to lower 2% band on 1/10 @5032.94.
                           Next it advanced until 4/3 to 5689.74.
                           PI=178  IP21=.037   V=-4    OP=.125
----------------------------------------------------------------------------------------------------------------------------------------
1996-1997          6560.91   DJI rose to 7085.16 on 3/11.  It then fell to  lower 4.8% band on 4/11 @ 6391.69
                           PI=31   IP21=.003    V=-25  OP=.236
----------------------------------------------------------------------------------------------------------------------------------------
2003-2004         10324.67  DJI rose to 10737.7 on 2/11. It then fell to  lower 3.1% band on 3/24 @ 10048.13
                          PI=463  IP21=.113   V=53   OP=.424
----------------------------------------------------------------------------------------------------------------------------------------               
2004                  10854.54  DJI immediately fell to 10392.99 at 2.5% lower band on 1/21. 
It then rose back to 10940.85 on 3/4
                          PI=255  IP21=.104   V=34   OP=.252
----------------------------------------------------------------------------------------------------------------------------------------
2005-2006         10796.26   DJI rose to 11043.44 on 1/11.  It then fell to 1.9% lower band on 1/20 @ 10667.39. 
                           It then rose to 11642.65 on 5/11.
                           PI=171  IP21=.193   V=-62  OP=-.244
----------------------------------------------------------------------------------------------------------------------------------------
2010-11              11575.54  DJI rose to 12391.25 on 2/18.  It then fell to 4.2% lower band on 3/16 @ 11613.3
                           PI=225  IP21=.105   V=131  OP=.043
----------------------------------------------------------------------------------------------------------------------------------------
2013                   16478.41  DJI rose to 16576.66 on 12/31.  It then fell to to lower 5.1% band on 2/3 @ 15372.80. 
                           It then ran back into July and made a new high in May.
                           PI=119   IP21=-.031  V=5     OP=.102
----------------------------------------------------------------------------------------------------------------------------------------
2016-2017.         19833.68 DJI rose to 21115.55 on 3/1.  It then fell to to lower 1.1% band on 4/19 @ 20404.49,
After that, it resumed current bull market..
                           PI=146   IP21=.008   V=-14  OP=.376
----------------------------------------------------------------------------------------------------------------------------------------

 
Table 1
                     QUICKSILVER on ETFS - 12/28/17
 
ETF      CLOSE   CHANGE     PIVOT-PT      5-dma AROC   CL-PWR     CANDLE  IP21    ITRS
---------------------------------------------------------------------------------------------
DIA       248.13    .65      247.66        21.4%       Bearish      BLUE   -.038    ---
---------------------------------------------------------------------------------------------
COMPQX    6950.16    10.82  W6965.36      -7.8%        Bearish       RED   -.056    -.03
---------------------------------------------------------------------------------------------
SPY       267.87    .55      267.58        15.7%       Bearish       ----  -.052    -.031
---------------------------------------------------------------------------------------------
QQQ       156.73    .19     W157.55       -25.5%       Bearish      RED    .001    -.028
---------------------------------------------------------------------------------------------
MDY       347.26    1.28     345.93        30.4%       Bearish      BLUE  -.145    -.028
---------------------------------------------------------------------------------------------
IWM       153.73    .6       153.47        11.4%       Bearish      BLUE  -.19    -.046
---------------------------------------------------------------------------------------------
FAS       69.26    .87       68.48         129.1%      Bearish      BLUE  -.164     .111
---------------------------------------------------------------------------------------------
RETL      36.88   -.09       36.68         58%         Bearish      RED    .129     .364
---------------------------------------------------------------------------------------------
SOXL      142.16    .9      W144.39       -245.6%      Bearish      RED   -.045     .004
---------------------------------------------------------------------------------------------
TECL      114.16    .41     W116.03       -112.5%      ----         RED    .027     .1
---------------------------------------------------------------------------------------------
IBB       107.79    .2       106.8         52.8%       Bullish      BLUE   .016    -.123
---------------------------------------------------------------------------------------------
GLD       122.85    .62      120.31        111.9%      Bullish      ----   .183    -.074
---------------------------------------------------------------------------------------------
OIL       6.5    .04         6.27          212.7%      Bullish      ----   .122     .118
---------------------------------------------------------------------------------------------
OIH       25.91   -.14       25.78         176.9%      Bullish      RED    .045    -.035
---------------------------------------------------------------------------------------------
GASL      26.16    .83       23.94         805.9%      Bullish      BLUE  -.066     .104
---------------------------------------------------------------------------------------------
UGA       32    .07          31.21         141.4%      ----         BLUE  -.015     .021
---------------------------------------------------------------------------------------------
UUP       24.13   -.07      W24.26        -28.9%       Bearish      ----  -.122    -.087
---------------------------------------------------------------------------------------------
IEF       105.4   -.13       105           14.7%       Bullish      ----   .117    -.091
---------------------------------------------------------------------------------------------
CORN      16.77   -.09       16.76         29.8%       Bullish      RED   -.063    -.116
---------------------------------------------------------------------------------------------
WEAT      6    .02           5.96          50.4%       ----         ----  -.048    -.143
---------------------------------------------------------------------------------------------
YINN      33.79    .62       33.09         360.7%      ----         RED    .007    -.056
---------------------------------------------------------------------------------------------
RSX       21.19   -.01       20.82         97.4%       ----         ----  -.117    -.134
---------------------------------------------------------------------------------------------
AAPL      171.08    .48     W175.01       -94.4%       Bullish      BLUE   .085    -.013
---------------------------------------------------------------------------------------------
GOOG      1048.14   -1.23   W1063.63      -79.4%       Bearish       RED   -.044    -.023
---------------------------------------------------------------------------------------------
MSFT      85.72    .01       85.5          11.7%       Bearish       RED    .021     .025
---------------------------------------------------------------------------------------------
AMZN      1186.1    3.84     1174.76       36.1%       Bearish       RED    .013     .096
---------------------------------------------------------------------------------------------
FB        177.92    .3       177.45        .8%         Bearish     ----  -.069    -.069
---------------------------------------------------------------------------------------------
NVDA     197.4    .23        195.89        15.3%       ----         RED   -.015    -.081
---------------------------------------------------------------------------------------------
BA        296.35    .73      295.03       -26.2%       Bearish       ----  -.074     .066
---------------------------------------------------------------------------------------------
GS        256.5    .55      W261.01        25.6%       Bearish       RED   -.114     .007
---------------------------------------------------------------------------------------------
HD        189.78   -.41      188.08        65.4%       Bullish      RED    .072     .082
---------------------------------------------------------------------------------------------
CAT        158.42    .9      154.64        189.9%      Bullish      BLUE   .288     .134
 
Table 2
             COMPARISONS OF BULLISH AND BEARISH GROUPS
                   12/28    12/27  12/26   12/22   12/21  12/20  12/19    12/18  12/15   12/14    12/13  12/12   12/11   12/8    12/7   12/6    12/5   12/4    12/1  11/30  
NEWHIGHS     336     253    308    262      317    247    210     553     309     103       268    223     234    288    159      91     107    340    197    536       
NEWLOWS       28        21      26      32         45      50       45        43      49        56          25      52       41      37       50      65      53       37      16      31     
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
     86       97    105     70         81      60       60      133      122      53      123      83         84      90      90        50      42         92  105    266
MINCPs        
     35       74      70      74        81     127     117       76       65      142       67        99        75     93      73       141   135     152     93     80
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs          
102       97    10   72        89        65       71      146      118     75      110      72          73      76      75      46       44         72    53     139
TTTNLs       
    108       9
3     114   147     121     187     129      90       98       192       99       161       155   177    109    219     248     402   286   162 
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP          166    179    195    222     238    143     172     166     126      123     175     101       108     96      80      79        95     180    126    128
FASTDOWN    48       56      70     60        63       78     183        96     125      109       91     132       134   169     195    233   248     210     156    123
Table 3
Count of Stocks and New Highs in Key Tiger Directories
Date = 171228
               No.           NHs           Pct.
-------------------------------------------------------------------
COMODITY       70            21            30 %
INFRA          11            3             27 %
INDEXES        195           44            23 %
COAL           10            2             20 %
BEVERAGE       20            4             20 %
HOMEBLDG       17            3             18 %
BIGMIL         6             1             17 %
DJI-13         13            2             15 %
MORNSTAR       238           35            15 %
===================================================
EDU            7             1             14 %
DOWJONES       30            4             13 %
FOOD           15            2             13 %
SP-100         96            11            11 %
GREEN          31            3             10 %
INDMATER       92            9             10 %
CHEM           64            6             9 %
FINANCE        93            8             9 %
ETFS           65            6             9 %
SP500          485           42            9 %
INSURANC       32            3             9 %
MILITARY       38            3             8 %
OILGAS         142           11            8 %
RUS-1000       837           69            8 %
RETAIL         53            4             8 %
NIFTY          30            2             7 %
NASD-100       100           7             7 %
GOLD           50            3             6 %
BIOTECH        386           18            5 %
TRANSP         20            1             5 %
SOLAR          21            1             5 %
COMPUTER       22            1             5 %
GAMING         28            1             4 %
SEMI           130           5             4 %
REGBANKS       33            1             3 %
ELECTRON       178           6             3 %
SOFTWARE       66            2             3 %
CHINA          64            2             3 %
REIT           178           3             2 %
------Others         no new highs -----------------
BIGBANKS  AUTO  HACKERS  UTILITY  PIPELINE  BONDFUND    
HOSPITAL  JETS    
 
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              12/28/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         1             1             1             1             1             1 
INFRA          1             1             1             1             .909          .727 
JETS           1             1             1             1             1             1 
TRANSP         .95           1             1             1             1             1 
DOWJONES       .9            .933          .9            .9            .9            .933 
BIGBANKS       .857          .857          .857          .857          .857          .857 
MORNSTAR       .848          .844          .836          .836          .836          .81 
BIGMIL         .833          .833          .833          .833          .833          .833 
RETAIL         .83           .811          .849          .811          .792          .811 
INDEXES        .825          .83           .774          .753          .723          .692 
N=10
===========================================================================================
SP-100         .791          .822          .812          .812          .833          .833 
HOMEBLDG       .764          .764          .705          .705          .764          .647 
SP500          .748          .731          .734          .738          .74           .729 
RUS-1000       .732          .714          .709          .709          .714          .712 
FINANCE        .72           .709          .774          .795          .86           .752 
BEVERAGE       .7            .75           .7            .65           .7            .75 
COMODITY       .685          .585          .585          .528          .5            .485 
MILITARY       .684          .684          .71           .736          .736          .71 
OILGAS         .683          .647          .669          .633          .633          .514 
GOLD           .68           .7            .66           .54           .38           .36 
GAMING         .678          .642          .678          .678          .642          .714 
NASD-100       .67           .64           .64           .65           .68           .68 
NIFTY          .666          .633          .6            .633          .666          .666 
AUTO           .615          .538          .564          .512          .641          .769 
GREEN          .612          .58           .58           .645          .645          .612 
CHEM           .609          .593          .593          .562          .593          .593 
INDMATER       .608          .63           .619          .608          .586          .597 
COAL           .6            .6            .6            .6            .6            .5 
ETFS           .6            .584          .584          .63           .569          .492 
REGBANKS       .575          .545          .606          .666          .757          .696 
INSURANC       .562          .531          .531          .5            .531          .5 
HACKERS        .56           .6            .6            .6            .6            .64 
SOFTWARE       .56           .575          .575          .59           .636          .636 
CHINA          .546          .5            .531          .609          .562          .5 
N=24
==============================================================================================
HOSPITAL       .5            .5            .5            .5            .5            .5
============================================================================================== 
BIOTECH        .487          .487          .466          .474          .458          .427 
REIT           .471          .46           .443          .393          .382          .376 
ELECTRON       .466          .455          .455          .511          .544          .561 
COMPUTER       .454          .5            .5            .545          .545          .59 
EDU            .428          .571          .714          .714          .714          .714 
SEMI           .415          .4            .384          .476          .492          .515 
SOLAR          .38           .428          .428          .476          .476          .523 
FOOD           .333          .266          .333          .2            .266          .2 
PIPELINE       .285          .142          .285          .142          .142          .142 
UTILITY        .232          .209          .186          .186          .209          .209 
BONDFUND       .189          .18           .09           .081          .09           .036 
Bearish = 11


===============================================================================
                12/27/2017. 
 The September Buy B21 still operates and predicts higher prices.   The DJI's
                narrow price pattern looks like a FLAG.
 This is usually a continuation pattern.  And bullishly the
                NYSE A/D Line made a 12-month high.  Except in 1976, 2004 and 2013, a
                a strong A/D Line making new highs at this time of the year is usually quite bullish for
                the start of the new year.
 This is seen in the DJI and A/D Line charts of 1943-4, 1949-50,
                1950-1951, 1952-1953, 1954-1955, 1958-1959, 1992-1993, 1995-1996, 1996-1997,
                 2003-2004, 2005-2006, 2010-11 and 2016-2017.  So, on 13 occasions late December
                 NYSE A/D Line new highs led to the bull markets extending into March or longer.  Only thrice,
                 did a strong A/D Line at the end of December produce a tradable January decline.  (More
                 on this tomorrow night.)

                
We do have several bearish concerns.  First, short-term rates rose sharply today. But the markets
                 largely ignored this. Secondly, the NASDAQ continues to lag the DJI.  But one could also say
                 that it is short-term oversold.  And third, most of key ETFs we follow still have falling Closing
                 Powers.  See Table 2.

                 Without a Peerless sell signal, we should continue to trust the bullish seasonality. 
                 Since 1965, the DJI has risen 64.7% of the time over the next ten trading days and averaged
                 a gain of 0.7%.  A month from now the DJI has a 2/3 probability of being higher if we only
                 consider its track record since 1965.  The average gain over the next month is an impressive +1.3%

                
I would avoid shorting equities now.  Even the most bearish looking stocks can rally in January
                 when tax-loss selling comes to an abrupt end.  Gold is tempting.  It has shown a pattern of rallying
                 in January when it has previously been weak.  But with interest rates on the rise, its upside
                 may be more limited. 



                                                         Rising Short Term Rates



 

                                                Charts 12/27/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New  SPPI  (small Biotech)

                                         
12/27/2017   Bullish MAXCPs     Bearish MINCPs
TABLE 1                     QUICKSILVER on ETFS - 12/27/17
  
ETF      CLOSE     CHANGE    PIVOT-PT    5-dma AROC  CLOS-PWR    CANDLE  IP21     ITRS
---------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------
DIA       247.48    .23      247.07        1.6%      Bearish      BLUE  -.008     0
---------------------------------------------------------------------------------------------
COMPQX    6939.34    3.09   W6960.96      -17.6%     Bearish      RED   -.027    -.031
---------------------------------------------------------------------------------------------
SPY       267.32    .13      267.03        2.8%      Bearish      ----  -.018    -.031
---------------------------------------------------------------------------------------------
QQQ       156.54    .02      157.53       -36.9%     Bearish       ----   .039    -.027
---------------------------------------------------------------------------------------------
MDY       345.98   -.13      345.16        20%       Bearish      BLUE  -.151    -.032
---------------------------------------------------------------------------------------------
IWM       153.13   -.15     W153.38        1.6%      Bearish      RED   -.142    -.053
---------------------------------------------------------------------------------------------
FAS       68.39    .29       67.5          10.3%     Bearish      BLUE  -.101     .083
---------------------------------------------------------------------------------------------
RETL      36.97   -1.4       36.45         116.5%    ----         RED    .392     .395
---------------------------------------------------------------------------------------------
SOXL      141.26    1.41     149.22       -169.3%    Bearish      BLUE  -.034    -.004
---------------------------------------------------------------------------------------------
TECL      113.75    .39     -116.75       -129.6%    ----         BLUE   .055     .095
---------------------------------------------------------------------------------------------
IBB       107.59    .15      106.66        69.3%     Bullish      BLUE   .051    -.12
---------------------------------------------------------------------------------------------
GLD       122.23    .46      120.14        99.9%     Bullish      BLUE   .155    -.085
---------------------------------------------------------------------------------------------
OIL       6.46   -.03        6.23          238.6%    ----         ----   .092     .113
---------------------------------------------------------------------------------------------
OIH       26.05   -.02       25            324.9%    Bullish      ----   .091    -.037
---------------------------------------------------------------------------------------------
GASL      25.33   -.47       22.24         918.7%    Bullish      RED   -.091     .068
---------------------------------------------------------------------------------------------
UGA       31.93    .08       31.11         230.8%    ----         BLUE  -.115     .03
---------------------------------------------------------------------------------------------
UUP       24.2   -.05       W24.27        -20.6%     Bearish      ----  -.062    -.08
---------------------------------------------------------------------------------------------
IEF       105.53    .45      105.09        6.2%      Bullish      BLUE   .113    -.089
---------------------------------------------------------------------------------------------
CORN      16.86    .06       16.67         71.7%     Bullish      BLUE  -.086    -.112
---------------------------------------------------------------------------------------------
WEAT      5.98    .05        5.94          59%       ----         ----  -.106    -.147
---------------------------------------------------------------------------------------------
YINN      33.17   -.45       31.41         243.3%    ----         ----   .057    -.093
---------------------------------------------------------------------------------------------
RSX       21.2   -.11        20.78         95.4%     ----         RED   -.126    -.138
---------------------------------------------------------------------------------------------
AAPL      170.6    .03      W174.35       -113.3%    Bullish      BLUE   .079    -.012
---------------------------------------------------------------------------------------------
GOOG      1049.37   -7.37   W1064.95      -100.2%    ----         RED   -.05    -.021
---------------------------------------------------------------------------------------------
MSFT      85.71    .31       85.52        -7%        Bearish      BLUE   .051     .025
---------------------------------------------------------------------------------------------
AMZN      1182.26    5.5     1177.62      -21.8%     Bearish      BLUE  -.003     .096
---------------------------------------------------------------------------------------------
FB        177.62    1.63    W177.89       -53.2%     Bearish      BLUE  -.075    -.061
---------------------------------------------------------------------------------------------
NVDA     197.17   -.27       196.8         27%       ----         BLUE  -.009    -.082
---------------------------------------------------------------------------------------------
BA        295.62    .26     W297.9        -27.5%     ----         RED   -.052     .06
---------------------------------------------------------------------------------------------
GS        255.95   -1.77     255.18       -10.3%     Bearish      RED   -.08    -.023
---------------------------------------------------------------------------------------------
HD        190.19   -.17      187.31        112%      Bullish      RED    .139     .08
---------------------------------------------------------------------------------------------
CAT        157.52    1.08    152.52        214.5%    Bullish      BLUE   .291     .12

 

 
Table 2
             COMPARISONS OF BULLISH AND BEARISH GROUPS
                    12/27  12/26   12/22   12/21  12/20  12/19    12/18  12/15   12/14    12/13  12/12   12/11   12/8    12/7   12/6    12/5   12/4    12/1  11/30 11/29  
NEWHIGHS      253    308    262      317    247    210     553     309     103       268    223     234    288    159      91     107    340    197    536   500         
NEWLOWS        21      26      32         45      50       45        43      49        56          25      52       41      37       50      65      53       37      16      31      57      
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
      97    105     70         81      60       60      133      122      53      123      83         84      90      90        50      42         92  105    266   262 
MINCPs        
     74      70      74        81     127     117       76       65      142       67        99        75     93      73       141   135     152     93     80     110   
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs           
 97    10   72        89        65       71      146      118     75      110      72          73      76      75      46       44         72    53     139    161 
TTTNLs       
      9
3     114   147     121     187     129      90       98       192       99       161       155   177    109    219     248     402   286   162    230  
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP           179    195    222     238    143     172     166     126      123     175     101       108     96      80      79        95     180    126    128   130  
FASTDOWN     56      70     60        63       78     183        96     125      109       91     132       134   169     195    233   248     210     156    123    97   
Table 3
 
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 171227
               No.          NHs            Pct
-------------------------------------------------------------------
-------------------------------------------------------------------
TRANSP         20            6             30 %
BEVERAGE       20            5             25 %
INFRA          11            2             18 %
BIGMIL         6             1             17 %
COMODITY       70            12            17 %
DJI-13         13            2             15 %
INDEXES        195           30            15 %
-------------------------------------------------------
EDU            7             1             14 %
INSURANC       32            4             13 %
FOOD           15            2             13 %
HOMEBLDG       17            2             12 %
INDMATER       92            10            11 %
DOWJONES       30            3             10 %
SP-100         96            10            10 %
MORNSTAR       238           21            9 %
OILGAS         142           12            8 %
BIOTECH        386           27            7 %
SP500          485           36            7 %
RUS-1000       837           61            7 %
CHEM           64            4             6 %
RETAIL         53            3             6 %
MILITARY       38            2             5 %
NASD-100       100           5             5 %
CHINA          64            3             5 %
SOLAR          21            1             5 %
GAMING         28            1             4 %
GOLD           50            2             4 %
GREEN          31            1             3 %
FINANCE        93            3             3 %
NIFTY          30            1             3 %
ETFS           65            2             3 %
SEMI           130           2             2 %
SOFTWARE       66            1             2 %
ELECTRON       178           2             1 %
REIT           178           2             1 %
BONDFUND       111           1             1 % 
Table 4 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
             12/27/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         1             1             1             1             1             1 
INFRASTRUCTURE 1             1             1             .909          .727          .727 
JETS           1             1             1             1             1             1 
TRANSP         1             1             1             1             1             1 
DOWJONES       .933          .9            .9            .9            .933          .933 
BIGBANKS       .857          .857          .857          .857          .857          .857 
MORNSTAR       .844          .836          .836          .836          .81           .806 
BIGMIL         .833          .833          .833          .833          .833          .833 
INDEXES        .83           .774          .753          .723          .692          .676 
SP-100         .822          .812          .812          .833          .822          .812 
RETAIL         .811          .849          .811          .792          .792          .792 
N = 11
--------------------------------------------------------------------------------------------
HOMEBLDG       .764          .705          .705          .764          .647          .647 
BEVERAGE       .75           .7            .65           .7            .75           .75 
SP500          .731          .734          .738          .74           .727          .725 
RUS-1000       .714          .709          .709          .714          .71           .706 
FINANCE        .709          .774          .795          .86           .763          .806 
GOLD           .7            .66           .54           .38           .36           .26 
MILITARY       .684          .71           .736          .736          .71           .736 
OILGAS         .647          .669          .633          .633          .521          .464 
GAMING         .642          .678          .678          .642          .714          .678 
NASD-100       .64           .64           .65           .68           .68           .66 
NIFTY          .633          .6            .633          .666          .666          .666 
INDMATER       .63           .619          .608          .586          .608          .597 
COAL           .6            .6            .6            .6            .5            .6 
HACKERS        .6            .6            .6            .6            .64           .68 
CHEM           .593          .593          .562          .593          .593          .578 
COMODITY       .585          .585          .528          .5            .485          .428 
ETFS           .584          .584          .63           .569          .492          .523 
GREEN          .58           .58           .645          .645          .645          .612 
SOFTWARE       .575          .575          .59           .636          .636          .651 
EDU            .571          .714          .714          .714          .714          .714 
REGBANKS       .545          .606          .666          .757          .696          .696 
AUTO           .538          .564          .512          .641          .769          .589 
INSURANC       .531          .531          .5            .531          .5            .562 
N = 23
============================================================================================
CHINA          .5            .531          .609          .562          .5            .484 
COMPUTER       .5            .5            .545          .545          .59           .545 
HOSPITAL       .5            .5            .5            .5            .5            .5 
============================================================================================
BIOTECH        .487          .466          .474          .458          .43           .424 
REIT           .46           .443          .393          .382          .376          .421 
ELECTRON       .455          .455          .511          .544          .567          .539 
SOLAR          .428          .428          .476          .476          .523          .476 
SEMI           .4            .384          .476          .492          .523          .492 
FOOD           .266          .333          .2            .266          .2            .133 
UTILITY        .209          .186          .186          .209          .209          .255 
BONDFUND       .18           .09           .081          .09           .036          .081 
PIPELINE       .142          .285          .142          .142          .142          .142 
N=9

 


==============================================================================
==============================================================================
               12/26/2017. 
A lot of shifting in and out of sectors is taking place while the market
                                    appears to be quietly sitting still in slow holiday trading.  The shift
                                    out of tech stocks will probably increase as we go into the new year.
                                    Infrastructure, Mining, Metals and Heavy Industry Stocks are winning
                                    new favor. The Trump Administration may be preparing a new plan
                                    to spur infrastructure investment and spending.
                             

                       The September
Buy B21 still operates and predicts higher prices.   The DJI's
                narrow price pattern looks like a FLAG.  The low volume today fits that interpretation.
                So, despite the falling 5-day moving averages and Closing Powers for DIA, SPY, FAS,
                TECL and SOXL, there may soon be an upside surprise.  But first these ETFs need to
                close above their 5-day ma pivot-points.  And to go significantly higher, Professionals
                will have to show themselves to be buyers by having any price breakout be extended.
                We will need to see that happen to become bullish for January.



                        Interest Rates are almost certain to rise. Perhaps, much faster
                        than the Fed and stock investors want.  This is the message the
                        Utilities' head/shoulders offers us now.



                The Dollar is now below its 65-dma and seems to be trying to digest what will happen
                if the Federal deficit mushrooms because of the huge tax-cut.  The weakness in Utilities reflects
                this, as does the new highs made by Oil and Gold's rising back above its 65-dma.  The
                big winners today were Infrastructure stocks like CAT and DE.  But note below, too, the new
                highs made by the Dow Jones Coal and Morningside Sectors: Iron Ore and Steel and
                Copper Sectors.  Next year Congress and the President will turn to Infrastructure spending. 
                The President knows very well that he owes his election to folks in the rust-belt states, West Va.
                PA, Ohio,  Michigan and Wisconsin.  I would expect a lot more investment funds to be put to work
                in much neglected heavy industry and infrastructure sectors.  Some of the money will surely will
               come out of the investment sectors that have been leading the long advance, especially high techs
               and the nifty-30 stocks.  Profit-taking in TECL and SOXL stocks must be expected in the new year,
               at least, for so long as their Closing Powers are falling.  Further below, see the head and shoulders
               patterns in Fidelity's Computer Sector Fund and in Morningside' Electronic Equipment Fund.  These
               are warnings that we must be flexible and recognize trend-changes as they develop.

                        (I am having trouble identifying the components for this Coal Index. It must be
                        ARCH and BTU, which I have added to the MAXCPs tonight.)

                                                          Charts 12/26/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New DE  SPPI  (small Biotech)

                                         
12/26/2017   Bullish MAXCPs     Bearish MINCPs
 
             

 
 

Table 1 
                     QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.

 

                     QUICKSILVER on ETFS - 12/26/17  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC  CLOS-PWR    CANDLE  IP21     ITRS
---------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------- 
DIA       247.25   -.15     W247.4        -10.9%   Bearish      BLUE  -.026     0
---------------------------------------------------------------------------------------------
COMPQX    6936.25   -23.71  W6963.85      -42%     Bearish      BLUE  -.009    -.031
---------------------------------------------------------------------------------------------
SPY       267.19   -.32      267.17       -18.9%   Bearish       BLUE  -.025    -.033
---------------------------------------------------------------------------------------------
QQQ       156.52   -.85     W157.7        -67.2%   Bearish       ----   .054    -.026
---------------------------------------------------------------------------------------------
MDY       346.11    .17      344.6         1.2%    Bearish      BLUE  -.164    -.034
---------------------------------------------------------------------------------------------
IWM       153.28    .09      153.08       -33.2%   Bearish      BLUE  -.158    -.055
---------------------------------------------------------------------------------------------
FAS       68.1   -.28       W68.25        -123.4%  Bearish       RED   -.135     .084
---------------------------------------------------------------------------------------------
RETL      38.37    1.48      36.11         204.9%  Bullish      BLUE   .378     .42
---------------------------------------------------------------------------------------------
SOXL      139.85   -4.16    W146.16       -238.2%  Bearish       BLUE  -.06    -.002
---------------------------------------------------------------------------------------------
TECL      113.36   -2.32    W116.75       -245.6%  Bearish       BLUE   .067     .101
---------------------------------------------------------------------------------------------
IBB       107.44    .5       106.11        50.7%   Bullish      BLUE   .027    -.123
---------------------------------------------------------------------------------------------
GLD       121.77    .83      119.82        84.9%   Bullish      BLUE   .118    -.098
---------------------------------------------------------------------------------------------
OIL       6.49    .21        6.16          297.8%   ----        BLUE   .089     .132
---------------------------------------------------------------------------------------------
OIH       26.07    .35       24.4          347.4%  Bullish      BLUE   .081    -.041
---------------------------------------------------------------------------------------------
GASL      25.8    1.51       21.02         1076%   ----         BLUE  -.113     .085
---------------------------------------------------------------------------------------------
UGA       31.85    .54       30.49         282%    ----         BLUE  -.119     .023
---------------------------------------------------------------------------------------------
UUP       24.25   -.02      W24.3         -24.7%   Bearish      ----  -.013    -.078
---------------------------------------------------------------------------------------------
IEF       105.08    .04     W105.4        -38%     Bullish      ----   .09    -.098
---------------------------------------------------------------------------------------------
CORN      16.8   -.01        16.62         65.9%   ----         ----  -.118    -.122
---------------------------------------------------------------------------------------------
WEAT      5.93   -.01        5.91          25.3%   Bearish       ----  -.179    -.166
---------------------------------------------------------------------------------------------
YINN      33.62   -.06        ER   -.076
---------------------------------------------------------------------------------------------
RSX       21.31    .2        20.8          52.6%    ----        BLUE  -.148    -.136
---------------------------------------------------------------------------------------------
AAPL      170.57   -4.44    W174.54       -167.1%  Bullish      RED    .05     .006
---------------------------------------------------------------------------------------------
GOOG      1056.74   -3.38   W1070.68      -95.6%   Bullish      RED    .015    -.013
---------------------------------------------------------------------------------------------
MSFT      85.4   -.11       W85.83        -57.1%   Bearish       BLUE   .065     .021
---------------------------------------------------------------------------------------------
AMZN      1176.76    8.4    W1187.38      -58.6%   Bearish       BLUE  -.057     .092
---------------------------------------------------------------------------------------------
FB        175.99   -1.21    W179.51       -135.2%  Bearish      RED   -.074    -.068
---------------------------------------------------------------------------------------------
NVDA     197.44    2.17      196.11       -11.7%   ----         BLUE  -.027    -.066
---------------------------------------------------------------------------------------------
BA        295.36    .26     W297.25       -13.2%   ----         RED   -.053     .052
---------------------------------------------------------------------------------------------
GS        257.72   -1.25     256.48       -44.5%   Bearish      RED   -.085    -.001
---------------------------------------------------------------------------------------------
CAT        156.44    .69     150.91        218.4%  Bullish      BLUE   .25     .116
Table 2
             COMPARISONS OF BULLISH AND BEARISH GROUPS
                    12/26   12/22   12/21  12/20  12/19    12/18  12/15   12/14    12/13  12/12   12/11   12/8    12/7   12/6    12/5   12/4    12/1  11/30 11/29   11/28 
NEWHIGHS       308    262      317    247    210     553     309     103       268    223     234    288    159      91     107    340    197    536   500    582       
NEWLOWS         26      32         45      50       45        43      49        56          25      52       41      37       50      65      53       37      16      31      57    265      
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
     105     70         81      60       60      133      122      53      123      83         84      90      90        50      42         92  105    266   262   320  
MINCPs        
       70      74        81     127     117       76       65      142       67        99        75     93      73       141   135     152     93     80     110     93 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs           
10   72        89        65       71      146      118     75      110      72          73      76      75      46       44         72    53     139    161     143 
TTTNLs       
     
114   147     121     187     129      90       98       192       99       161       155   177    109    219     248     402   286   162    230     124  
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP            195    222     238    143     172     166     126      123     175     101       108     96      80      79        95     180    126    128   130     141  
FASTDOWN     70     60        63        78     183        96     125      109       91     132       134   169     195    233   248     210     156    123    97       74  
Table 3
Count of Stocks and New Highs in Key Tiger Directories
Date = 171226

                                   No.          NHs            Pct
-------------------------------------------------------------------
-------------------------------------------------------------------
JETS                          9             3             33 %
COAL                       10            3             30%
INFRA                     11            3             27 %
COMODITY           70            19            27 %
RETAIL                   53            14            26 %
DJI-13                      13            3             23 %
TRANSP                  20            4             20 %
HOMEBLDG         17            3             18 %
INDMATER           92            17            18 %
OILGAS                142           22            15 %
BEVERAGE           20            3             15 %

--------------------------------------------------------
MORNSTAR         238           33            14 %
INDEXES              195           22            11 %
DOWJONES           30            3             10 %
CHEM                     64            6             9 %
INSURANC            32            3             9 %
SP500                    485           40            8 %
RUS-1000             837           68            8 %
BIOTECH             386           28            7 %
FOOD                    15            1             7 %
SP-100                   96            6             6 %
CHINA                  64            4             6 %
MILITARY            38            2             5 %
ETFS                     65            3             5 %
FINANCE             93            4             4 %
HACKERS            25            1             4 %
NASD-100          100           4             4 %
GOLD                   49            2             4 %
GREEN                 31            1             3 %
AUTO                   40            1             3 %
NIFTY                  30            1             3 %
ELECTRON       178           4             2 %
SEMI                  130           2             2 %
SOFTWARE        66            1             2 %
REIT                   178           3             2 %
-------------------------------------------------------
None:  BIGBANKS     BIGMIL       REGBANKS     GAMING   
SOLAR     COMPUTER    EDU    UTILITY    PIPELINE     
BONDFUND    HOSPITAL  
Table 5
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
             12/26/17
 Bullish = 32
 Bearish = 9
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         1             1             1             1             1             1 
INFRA          1             1             .909          .727          .727          .909 
JETS           1             1             1             1             1             1 
TRANSP         1             1             1             1             1             1 
DOWJONES       .9            .9            .9            .933          .933          .933 
BIGBANKS       .857          .857          .857          .857          .857          .857 
RETAIL         .849          .811          .792          .792          .792          .792 
MORNSTAR       .836          .836          .836          .81           .806          .852 
BIGMIL         .833          .833          .833          .833          .833          .833 
SP-100         .812          .812          .833          .822          .812          .812 
N=10
================================================================================================
FINANCE        .774          .795          .86           .763          .817          .838 
INDEXES        .774          .753          .723          .692          .682          .702 
SP500          .734          .738          .74           .727          .725          .756 
EDU            .714          .714          .714          .714          .714          .714 
MILITARY       .71           .736          .736          .71           .736          .736 
RUS-1000       .709          .709          .714          .71           .708          .74 
HOMEBLDG       .705          .705          .764          .647          .647          .705 
BEVERAGE       .7            .65           .7            .75           .75           .7 
GAMING         .678          .678          .642          .714          .678          .714 
OILGAS         .669          .633          .633          .521          .464          .464 
GOLD           .653          .53           .367          .346          .244          .204 
N=11
================================================================================================
NASD-100       .64           .65           .68           .68           .66           .69 
INDMATER       .619          .608          .586          .608          .597          .586 
REGBANKS       .606          .666          .757          .696          .696          .787 
HACKERS        .6            .6            .6            .64           .68           .68 
NIFTY          .6            .633          .666          .666          .666          .733 
CHEM           .593          .562          .593          .593          .578          .593 
COMODITY       .585          .528          .5            .485          .428          .4 
ETFS           .584          .63           .569          .492          .523          .63 
GREEN          .58           .645          .645          .645          .612          .645 
AUTO           .575          .525          .65           .775          .675          .65 
SOFTWARE       .575          .59           .636          .636          .651          .651 
CHINA          .531          .609          .562          .5            .484          .437 
INSURANC       .531          .5            .531          .5            .562          .593 
N=13
===============================================================================================
COAL           .5            .5            .5            .375          .5            .5 
COMPUTER       .5            .545          .545          .59           .545          .59 
HOSPITAL       .5            .5            .5            .5            .5            .5 
===============================================================================================
BIOTECH        .466          .474          .458          .43           .419          .406 
ELECTRON       .455          .511          .544          .567          .55           .606 
REIT           .443          .393          .382          .376          .415          .674 
SOLAR          .428          .476          .476          .523          .523          .523 
SEMI           .384          .476          .492          .523          .5            .576 
FOOD           .333          .2            .266          .2            .133          .133 
PIPELINE       .285          .142          .142          .142          .142          .142 
UTILITY        .186          .186          .209          .209          .255          .465 
BONDFUND       .09           .081          .09           .036          .081          .153 
N=9


==============================================================================
                         12/22/2017. 
The September Buy B21 still operates and predicts
                higher prices.  The main ETFs' Closing Powers, however, are not rising and their IP21s
                (Accumulation Index) are mostly negative.  From Table 1 below, you can also see that
                most of the major ETFs, higher priced DJI-30 and tech stocks are also below their 5-dma
                pivot points. This would seem to put a limit on the potential of the market to rally just
                now despite the bullishness normally associated with this time of the year. 

                Note that we are not likely to get a Sell S16 later this weak even though Santa Claus appears
                a wee bit tired.  This is because the V-Indicator would need to drop back to +4.  The V-I is
                now +60. 
Any sell in here is very likely to come on strength in January.

                What has happened in the past when the DJI was 1.7%-1.9% over the 21-dma and showed a
                low IP21?  The IP21 now is only .012.  The answer is that only once did it quickly turn down. 
                That was the most recent case in 2014.  In 6 cases, the DJI peaked in January, 3 times the rally
                stopped in March and once the DJI got to April before falling back to the lower band.  So,
                without a Peerless Sell signal, it seems reasonable to expect a rally beyond the year's end. While
                there no doubt will be new money coming into the market with the start of the year, I would
                expect considerable profit-taking because the new tax bill makes that more advantageous.  So,
                we have to be on guard if the market's internals do not improve.

       What has happened in the past when the DJI was 1.7%-1.9%
       over the 21-dma and showed a low IP21, as now?  

               Date          DJI           LA/MA        P-I            IP21
              --------       ----          -----        -----          ----  
 1            19321230       60.3          1.018        -31.6          .011 
              DJI rallied to 64.4 on 1/10/1933 and then fell sharply to 50.2 on 2/27/32.
----------------------------------------------------------------------------------
 2            19341228       103.2         1.016         .7           -.062
              DJI rallied to 105.9 on 1/7/1935 and then fell back to LB,at 100.7
on 2/5/1935.
---------------------------------------------------------------------------------- 
 3            19351231       144.1         1.016         15.9         -.132
              DJI rallied to 161.9 on 4/6/1936 and then fell back below LB to 143.7
on 4/29/1936
----------------------------------------------------------------------------------
 4            19731226       837.56        1.019        -147.9        -.014
              DJI rallied to 880.69 on 1/3/1974 and then fell back to 803.9 on
2/11/1974
----------------------------------------------------------------------------------
 5            19801226       966.38        1.019        -121.9        -.049 
              DJI rallied to 1004.69 on 1/6/1981 and then fell back to 932.25 on
2/2/1981
----------------------------------------------------------------------------------
 6            19841226       1208.92       1.016        -5.8          -.019 
              DJI rallied to 1299.36 on 3/1/1985 and then fell back to 1242.05
on 5/1/1985.
----------------------------------------------------------------------------------
 7            19961226       6546.68       1.017        -10.4         -.009
              DJI rallied to 7079.39 on 3/10/1996 and then fell back to 6391.69
on 4/11/1997.
----------------------------------------------------------------------------------
 8            19991230       11452.86      1.019        -193.1        -.056 
              DJI rallied to 11722.98 on 1/14/1999 and then fell back to 9796.03
on 3/7/2000.
----------------------------------------------------------------------------------
 9            20001227       10803.16      1.017         201.3        -.009 
              DJI rallied to 10945.75 on 1/3/2001 and then fell back to 9389.48
on 3/22/2001.
----------------------------------------------------------------------------------
 10           20111229       12287.04      1.018         253.7         .011 
              DJI rallied to 13252.76 on 3/15/2012 and then fell back to 12118.57
on 6/1/2012.
----------------------------------------------------------------------------------
 11           20141226       18053.71      1.018         50.5         -.004
              DJI rallied no further despite there being no Peerless Sell signal.
              It fell back to 17154.95 on 1/30/2015. 
              After that, it then rallied to 18288.63 on 3/2/2015.
----------------------------------------------------------------------------------
Now           20121222       24754.06      1.017         160           .012

 


 

                                             Charts 12/22/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New - SPPI  (small Biotech)

                                         
12/22/2017   Bullish MAXCPs     Bearish MINCPs
 
Table 1 
                     QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.

 
                     QUICKSILVER on ETFS - 12/22/17
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC  CLOS-PWR    CANDLE  IP21     ITRS
---------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------- 
DIA       247.4   -.26      W247.79        23.3%   Bearish      RED   -.041     ----
---------------------------------------------------------------------------------------------
COMPQX    6959.96   -5.4    W6994.76       16.8%   Bearish      BLUE  -.008    -.028
---------------------------------------------------------------------------------------------
SPY       267.51   -.07     W268.2         18.7%   Bearish      RED   -.023    -.033
---------------------------------------------------------------------------------------------
QQQ       157.37   -.18     W158.64       -8.9%    Bearish      BLUE   .05    -.019
---------------------------------------------------------------------------------------------
MDY       345.94    .01     W346.03        50.3%   Bearish      BLUE  -.171    -.038
---------------------------------------------------------------------------------------------
IWM       153.19   -.28     W154.3         31%     Bearish      RED   -.173    -.06
---------------------------------------------------------------------------------------------
FAS       68.38   -.1       W69.79         1.5%    Bearish      RED   -.139     .088
---------------------------------------------------------------------------------------------
RETL      36.89    .21       36.87         388.5%   ----        BLUE   .158     .368
---------------------------------------------------------------------------------------------
SOXL      144.01   -.38     W146.81        223.4%  Bearish      BLUE  -.053     .05
---------------------------------------------------------------------------------------------
TECL      115.68   -.35     W119.1        -18.4%   Bearish      BLUE   .063     .139
---------------------------------------------------------------------------------------------
IBB       106.94    .14      106.36        16%     ----         BLUE   .01     -.132
---------------------------------------------------------------------------------------------
GLD       120.94    .63      119.73        73.4%   Bullish      BLUE   .091    -.099
---------------------------------------------------------------------------------------------
OIL       6.28    .01        6.12          113.2%   ----        BLUE   .056     .11
---------------------------------------------------------------------------------------------
OIH       25.72   -.06       24.33         262.2%  Bullish      RED    .054    -.053
---------------------------------------------------------------------------------------------
GASL      24.29    .35       20.96       1034.9% ----         BLUE  -.179     .005
---------------------------------------------------------------------------------------------
UGA       31.31    .1        30.11         235.6%  Bearish      BLUE  -.037     .029
---------------------------------------------------------------------------------------------
UUP       24.27    .01      W24.37        -32.9%   Bearish      ----   .005    -.08
---------------------------------------------------------------------------------------------
IEF       105.04    .04     W105.88       -51.2%   Bullish      ----   .115    -.097
---------------------------------------------------------------------------------------------
CORN      16.81    .05       16.58         72.1%   ----         BLUE  -.132    -.115
---------------------------------------------------------------------------------------------
WEAT      5.94    -.02        5.9           42.2%   Bearish      ----  -.189    -.147
---------------------------------------------------------------------------------------------
YINN      33.68    .59       32.2          304.7%  ----         BLUE   .028     -.054
---------------------------------------------------------------------------------------------
RSX       21.11    .29       21.09        -194.5%  ----         BLUE  -.166     -.137
---------------------------------------------------------------------------------------------
AAPL      175.01    0       W176.42        29.7%   Bullish      BLUE   .046     .038
---------------------------------------------------------------------------------------------
GOOG      1060.12   -3.51   W1077.14      -19.1%   Bullish      RED    .013    -.01
---------------------------------------------------------------------------------------------
MSFT      85.51    .01      W86.38        -77.9%   Bearish      BLUE   .063     .025
---------------------------------------------------------------------------------------------
AMZN      1168.36   -6.4    W1190.58      -45.6%   Bearish      RED   -.035     .084
---------------------------------------------------------------------------------------------
FB        177.2   -.25      W180.82       -83.2%   Bearish      BLUE  -.059    -.057
---------------------------------------------------------------------------------------------
NVDA     195.27   -.62      W197.9         94.8%   Bearish      BLUE  -.039    -.061
---------------------------------------------------------------------------------------------
BA        295.1    .07      W296.14        19.6%   ----         RED   -.041     .043
---------------------------------------------------------------------------------------------
GS        258.97   -2.04    W260.02        34.9%   Bearish      RED   -.101    -.004
---------------------------------------------------------------------------------------------
HS        188.13    .05     184.73         149.4%  Bullish      RED    .171     .06
---------------------------------------------------------------------------------------------
CAT       155.75   1.11     149.77         300.2%   Bullish     BLUE   .238     .115
Table 2        COMPARISONS OF BULLISH AND BEARISH GROUPS
                  12/22   12/21  12/20  12/19  12/18  12/15   12/14    12/13  12/12   12/11   12/8    12/7   12/6    12/5   12/4    12/1  11/30 11/29   11/28  11/27 
NEWHIGHS    262      317   247    210     553     309     103       268    223     234    288    159      91     107    340    197    536   500    582     209       
NEWLOWS      32       45     50       45        43      49        56          25      52       41      37       50      65      53       37      16      31      57    265      59           
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
    70        81    60       60      133      122      53      123      83       84      90      90        50      42       92     105    266   262   320     101 
MINCPs        
    74        81   127     117       76       65      142       67        99       75     93      73       141    135     152     93     80     110     93       94  
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs           
72        89       65      71      146      118     75      110      72        73      76      75      46      44       72       53    139    161     143        79  
TTTNLs       
  147      121    187   129      90       98      192       99       161    155   177    109    219   248     402     286   162    230     124      144          
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP         222     238    143   172     166     126      123     175     101      108     96      80      79     95     180     126    128   130     141     205 
FASTDOWN   60       63     78    183        96     125      109       91     132     134   169     195    233   248    210     156    123    97       74        64

 
Table 3
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 171222
               No.          NHs            Pct
-------------------------------------------------------------------
DJI-13         13            3             23 %
JETS           9             2             22 %
HOMEBLDG       17            3             18 %
RETAIL         53            9             17 %
TRANSP         20            3             15 %
=====================================================
BIGBANKS       7             1             14 %
MORNSTAR       238           31            13 %
COAL           8             1             13 %
FINANCE        92            10            11 %
DOWJONES       30            3             10 %
BEVERAGE       20            2             10 %
SP-100         96            9             9 %
INDMATER       92            8             9 %
INFRA          11            1             9 %
CHEM           64            5             8 %
INDEXES        195           16            8 %
SP500          485           41            8 %
NASD-100       100           8             8 %
COMODITY       71            6             8 %
RUS-1000       837           61            7 %
FOOD           15            1             7 %
REGBANKS       33            2             6 %
ETFS           65            4             6 %
OILGAS         142           8             6 %
INSURANC       32            2             6 %
AUTO           40            2             5 %
BIOTECH        386           21            5 %
CHINA          64            3             5 %
GREEN          31            1             3 %
NIFTY          30            1             3 %
MILITARY       38            1             3 %
ELECTRON       178           4             2 %
SOFTWARE       66            1             2 %
SEMI           130           1             1 %
=================================================
None BIGMIL        GAMING       HACKERS     SOLAR     
COMPUTER     GOLD   REIT   EDU     UTILITY   PIPELINE  
BONDFUND   HOSPITAL  
Table 4   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
             12/22/17
Bullish = 35
Bearish = 8
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         100%          1             1             1             1             1 
INFRA          100%          .909          .727          .727          1             .818 
JETS           100%          1             1             1             1             .888 
TRANSP         100%          1             1             1             1             .9 
DOWJONES       .9            .9            .933          .933          .933          .9 
BIGBANKS       .857          .857          .857          .857          .857          .857 
MORNSTAR       .836          .836          .81           .806          .852          .798 
BIGMIL         .833          .833          .833          .833          .833          .833 
SP-100         .812          .833          .822          .812          .822          .802 
RETAIL         .811          .792          .792          .792          .792          .773 
FINANCE        .804          .858          .771          .815          .847          .76 
N=11
--------------------------------------------------------------------------------------------
INDEXES        .753          .723          .692          .682          .697          .646 
SP500          .738          .74           .727          .725          .76           .729 
MILITARY       .736          .736          .71           .736          .736          .71 
EDU            .714          .714          .714          .714          .714          .571 
RUS-1000       .709          .714          .71           .708          .743          .7 
HOMEBLDG       .705          .764          .647          .647          .705          .647 
GAMING         .678          .642          .714          .678          .714          .678 
REGBANKS       .666          .757          .696          .696          .787          .696 
BEVERAGE       .65           .7            .75           .75           .7            .65 
NASD-100       .65           .68           .68           .66           .69           .67 
GREEN          .645          .645          .645          .612          .645          .548 
NIFTY          .633          .666          .666          .666          .766          .7 
OILGAS         .633          .633          .521          .464          .471          .38 
ETFS           .63           .569          .492          .523          .63           .446 
CHINA          .609          .562          .5            .484          .453          .39 
INDMATER       .608          .586          .608          .597          .586          .554 
HACKERS        .6            .6            .64           .68           .68           .68 
SOFTWARE       .59           .636          .636          .651          .651          .606 
CHEM           .562          .593          .593          .578          .593          .5 
COMPUTER       .545          .545          .59           .545          .59           .59 
GOLD           .53           .367          .346          .244          .204          .183 
AUTO           .525          .65           .775          .675          .65           .55 
COMODITY       .521          .492          .478          .422          .394          .352 
ELECTRON       .511          .544          .567          .55           .606          .516
N=24 
=============================================================================================
COAL           .5            .5            .375          .5            .5            .375 
HOSPITAL       .5            .5            .5            .5            .5            .5 
INSURANC       .5            .531          .5            .562          .593          .593 
=============================================================================================
SEMI           .476          .492          .523          .5            .576          .446 
SOLAR          .476          .476          .523          .523          .523          .476 
BIOTECH        .474          .458          .43           .419          .406          .409 
REIT           .393          .382          .376          .415          .662          .617 
FOOD           .2            .266          .2            .133          .133          .133 
UTILITY        .186          .209          .209          .255          .465          .581 
PIPELINE       .142          .142          .142          .142          .142          .142 
BONDFUND       .081          .09           .036          .081          .153          .171 
N = 8

 

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

==============================================================================
               12/21/2017  
The September Buy B21 still operates and predicts higher prices.  Only
               small gains are likely.  The Closing Powers are not rising for the major market ETFs
               shown at the top of Table 1.

               New highs have a commanding lead over new lows.  So any weakness should be
               limited
The primary source of weakness now is in Utilities (because of fears of rising rates),
               Natural Gas and food commodities.  Hopes of big infra-structure spending is making CAT
               go vertical.  Chevron in the DJI-30 is celebrating the opening of the Artic wilderness to drilling
               by bursting to new highs. 

               We shouldn't see much trading tomorrow.  Typically, the market does rise on the last trading day
               before Christmas and the next day afterwards.  The Accumulation Index for the DJI
               has turned negative. This may cause a Sell S12 on December 28th.  But no Peerless
               Sell is expected until then.

          
                                         
Image result for christmas present
                                    
             
 Instead of a normal Hotline, let me offer this present.  It's something that we all might want to
               do.  Namely, going through stocks in the Tiger download-letter, like "17-A", one by one,
               and pick out the salient technical lessons from each.  I hope you find this useful.  Go
here.

               Attention will mostly be turned to BitCoin's bursting bubble tomorrow.  Notice the bearish false
               breakout over $17000.  Let's hope their is no spread effect. 


              
                      
Charts 12/21/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New - SPPI  (small Biotech)
                                    
12/21/2017   Bullish MAXCPs     Bearish MINCPs

Table 1 
                     QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.


Table 1
 
                     QUICKSILVER on ETFS - 12/21/17
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC  CLOS-PWR    CANDLE  IP21     ITRS
---------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------- 
DIA       247.66    .59      246.25        42.3%   Bearish      RED   -.069    -----
---------------------------------------------------------------------------------------------
COMPQX    6965.36    4.4     6936.58       78.4%   Bearish      RED   -.033    -.029
---------------------------------------------------------------------------------------------
SPY       267.58    .55      266.51        36%     Bearish      RED   -.06     -.034
---------------------------------------------------------------------------------------------
QQQ       157.55    .02     W157.65        53%     Bearish      RED    .035    -.019
---------------------------------------------------------------------------------------------
MDY       345.93    .77      342.47        80.7%   Bearish      BLUE  -.227    -.038
---------------------------------------------------------------------------------------------
IWM       153.47    .09      152.24        110.4%  Bearish      BLUE  -.203    -.058
---------------------------------------------------------------------------------------------
FAS       68.48    .98       68.36         136.6%  Bearish      BLUE  -.173     .076
---------------------------------------------------------------------------------------------
RETL      36.68    .23       34.09        592.2%   ----        RED    .14     .306
---------------------------------------------------------------------------------------------
SOXL      144.39   -4.83     137.54        446.6%  Bearish      RED   -.086     .041
---------------------------------------------------------------------------------------------
TECL      116.03   -.72     W116.11        165.3%  Bearish      RED    .046     .134
---------------------------------------------------------------------------------------------
IBB       106.8    .14       106.6         76.8%   Bearish      BLUE   .023    -.138
---------------------------------------------------------------------------------------------
GLD       120.31    .17      119.18        57.7%   Bullish      BLUE   .086    -.104
---------------------------------------------------------------------------------------------
OIL       6.27    .04        6.14          138.2%  Bearish      BLUE   .104     .091
---------------------------------------------------------------------------------------------
OIH       25.78    .78       24.42         260.9%  Bullish      BLUE   .058    -.068
---------------------------------------------------------------------------------------------
GASL      23.94    1.7       19.82        729.1%   ----       BLUE   -.19    -.03
---------------------------------------------------------------------------------------------
UGA       31.21    .1        29.87         168%    Bearish      BLUE  -.031     .008
---------------------------------------------------------------------------------------------
UUP       24.26   -.01      W24.43        -14.4%   Bearish      ----  -.046    -.078
---------------------------------------------------------------------------------------------
IEF       105   -.09        W106.12       -53.9%   Bullish      BLUE   .123    -.096
---------------------------------------------------------------------------------------------
CORN      16.76    .09       16.57         27.1%   Bearish      BLUE  -.159    -.109
---------------------------------------------------------------------------------------------
WEAT      5.96    .02        5.89          50.8%   Bearish      ----  -.182    -.149
---------------------------------------------------------------------------------------------
YINN      33.09    1.68      31.73         124%     ----        BLUE   .036    -.073
---------------------------------------------------------------------------------------------
RSX       20.82    .04      W21.93        -279.1%  Bearish      BLUE  -.156    -.156
---------------------------------------------------------------------------------------------
AAPL      175.01    .66      173.97        80%     Bullish      BLUE   .084     .035
---------------------------------------------------------------------------------------------
GOOG      1063.63   -1.32   W1064.19       68%     Bullish      RED    .033    -.008
---------------------------------------------------------------------------------------------
MSFT      85.5   -.02       W86.85         47.2%   Bearish      RED    .011     .035
---------------------------------------------------------------------------------------------
AMZN      1174.76   -2.86   W1179.14       2.1%    Bearish      RED    .009     .097
---------------------------------------------------------------------------------------------
FB        177.45   -.44     W180.18       -26.2%   Bearish      RED   -.078    -.056
---------------------------------------------------------------------------------------------
NVDA     195.89   -.91       191.56        243.1%  Bearish      RED   -.077    -.057
---------------------------------------------------------------------------------------------
BA        295.03   -2.87     293.94        19.4%    ----        RED   -.058     .045
--------------------------------------------------------------------------------------------
GS        261.01    5.83     257.17        107.6%  Bearish      BLUE  -.119    -.007


 

Table 2        COMPARISONS OF BULLISH AND BEARISH GROUPS
                  12/21  12/20  12/19  12/18  12/15   12/14    12/13  12/12   12/11   12/8    12/7   12/6    12/5   12/4    12/1  11/30 11/29   11/28  11/27  11/24  
NEWHIGHS    317   247    210     553     309     103       268    223     234    288    159      91     107    340    197    536   500    582     209      439    
NEWLOWS      45     50       45        43      49        56          25      52       41      37       50      65      53       37      16      31      57    265      59         31             
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
    81     60       60      133      122      53      123      83       84      90      90        50      42       92     105    266   262   320     101     166 
MINCPs        
    81      127   117       76       65      142       67      99        75     93      73       141    135     152     93     80     110     93       94       42 
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs           89     
 65      71      146      118     75      110      72        73      76      75      46      44       72       53    139    161     143        79   110    
TTTNLs       
    121    187   129      90       98      192       99       161    155   177    109    219   248     402     286   162    230     124      144     66               
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP          238    143   172     166     126      123     175     101      108     96      80      79     95     180     126    128   130     141     205                  
FASTDOWN    63     78    183        96     125      109       91     132     134   169     195    233   248    210     156    123    97       74        64         58 
Table 3
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 171221
               No           NHs            Pct
-------------------------------------------------------------------
BIGBANKS       7             4             57 %
DJI-13         13            5             38 %
HOMEBLDG       17            4             24 %
RETAIL         53            12            23 %
JETS           9             2             22 %
DOWJONES       30            6             20 %
MORNSTAR       238           47            20 %
INDEXES        195           37            19 %
FINANCE        92            17            18 %
INFRA          11            2             18 %
BIGMIL         6             1             17 %
--------------------------------------------------------
SP-100         96            14            15 %
BEVERAGE       20            3             15 %
EDU            7             1             14 %
MILITARY       38            5             13 %
INDMATER       92            11            12 %
GAMING         28            3             11 %
OILGAS         142           16            11 %
SP500          486           55            11 %
RUS-1000       838           92            11 %
REGBANKS       33            3             9 %
CHINA          64            5             8 %
AUTO           40            3             7 %
NIFTY          30            2             7 %
NASD-100       100           7             7 %
GREEN          31            2             6 %
CHEM           64            4             6 %
ETFS           65            3             5 %
HACKERS        25            1             4 %
ELECTRON       178           5             3 %
SOFTWARE       66            2             3 %
BIOTECH        386           12            3 %
INSURANC       32            1             3 %
COMODITY       71            2             3 %
SEMI           130           3             2 %
GOLD           49            1             2 %
=======================================================
None: TRANSP SOLAR  COMPUTER  COAL  REIT  UTILITY   
PIPELINE FOOD   BONDFUND   HOSPITAL  
Table 4  RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              12/21/17
Bullish = 34
Bearish = 10
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         100%          1             1             1             1             1 
JETS           100%          1             1             1             .888          .888 
TRANSP         100%          1             1             1             .9            .8 
INFRA          .909          .727          .727          1             .818          .818 
DOWJONES       .9            .933          .933          .933          .9            .9 
FINANCE        .858          .771          .815          .847          .76           .673 
BIGBANKS       .857          .857          .857          .857          .857          .857 
MORNSTAR       .836          .81           .806          .852          .806          .726 
BIGMIL         .833          .833          .833          .833          .833          .833 
SP-100         .833          .822          .812          .822          .802          .791 
RETAIL         .792          .792          .792          .792          .754          .716 
HOMEBLDG       .764          .647          .647          .705          .647          .647 
REGBANKS       .757          .696          .696          .787          .696          .454 
SP500          .74           .728          .726          .761          .728          .689 
MILITARY       .736          .71           .736          .736          .71           .657 
INDEXES        .723          .692          .682          .697          .646          .682 
EDU            .714          .714          .714          .714          .571          .428 
RUS-1000       .714          .711          .708          .743          .696          .655 
BEVERAGE       .7            .75           .75           .7            .65           .65 
N=19
============================================================================================
NASD-100       .68           .68           .66           .69           .66           .66 
NIFTY          .666          .666          .666          .766          .7            .7 
AUTO           .65           .775          .675          .65           .55           .45 
GREEN          .645          .645          .612          .645          .548          .516 
GAMING         .642          .714          .678          .714          .678          .678 
SOFTWARE       .636          .636          .651          .651          .59           .575 
OILGAS         .633          .521          .464          .471          .38           .387 
HACKERS        .6            .64           .68           .68           .68           .68 
CHEM           .593          .593          .578          .593          .5            .406 
INDMATER       .586          .608          .597          .586          .565          .456 
ETFS           .569          .492          .523          .63           .446          .523 
CHINA          .562          .5            .484          .453          .406          .453 
COMPUTER       .545          .59           .545          .59           .59           .5 
ELECTRON       .544          .567          .55           .606          .533          .455 
INSURANC       .531          .5            .562          .593          .625          .468 
N=15
============================================================================================
COAL           .5            .375          .5            .5            .375          .375 
HOSPITAL       .5            .5            .5            .5            .5            .375 
============================================================================================
COMODITY       .492          .478          .422          .394          .352          .309 
SEMI           .492          .523          .5            .576          .461          .384 
SOLAR          .476          .523          .523          .523          .476          .476 
BIOTECH        .458          .43           .419          .406          .409          .388 
REIT           .382          .376          .415          .662          .617          .533 
GOLD           .367          .346          .244          .204          .183          .142 
FOOD           .266          .2            .133          .133          .133          .133 
UTILITY        .209          .209          .255          .465          .581          .534 
PIPELINE       .142          .142          .142          .142          .142          0 
BONDFUND       .09           .036          .081          .153          .171          .243 
N=10
============================================================================================

 

                       12/21/2017   Bullish MAXCPs     Bearish MINCPs     
==============================================================================

               12/20/2017  
The September Buy B21 still operates and predicts higher prices. 
               Any dip at this time should be considered a buying opportunity.  I doubt if the
               DJI will fall as far back as to break its rising 21-dma in the next week.

                                      
Interest Rates May Rise Very Quickly Now?

               The tax cuts will almost certainly increase the National Debt.  George "Read My Lips"
               Bush Sr. found this out the hard way.  The Fed will almost certainly will not keep rates
               low.  So, I would short the bearish interest-rate sensitive issues shown among the Bearish MINCPs.
               The DJI-Utilities chart has broken its year-long uptrend and shows a bearish head and shoulders. 
               The Trump tax could rapidly increase the Federal deficit and require much more borrowing by
               the US Treasury. 
Buy PST (shown below).   At this stage, I think the ETFS and high-caps
               that will move up the most going into the new year will be those with the highest IP21 readings
               and rising Closing Powers.  Interestingly,  when we rank all the Leveraged ETFs for IP21, 
               the highest (showing the most intense Accumulation) are DYY (Double Short Commodities),
               PST (Short 7-10 Yr Treasuries)  and BZQ (3x Short on Brazilian Stocks).
 

                                                               
    BUY PST



              

                                   
    Does Santa Claus Have Any More To Give?

              
It's only natural that some traders are taking profits now that the new tax bill has
               passed Congress.  So, a short-term pullback has started.  DIA, COMPQX, SPY, QQQ, MDY
               and FAS all show falling Closing Powers and Red candle-sticks.  (See Table 1 below). 
             
               Only a shallow decline is expected.  The Peerless system cannot easily give a Sell until the
               28th of December because of the bullish seasonality now.  In Table A below, we show the
               numerous cases since 1965 where the IP21-AI was near or below 0 with the DJI more than
               2.1% above the 21-day ma between December 17th and the end of the year.  What this
               demonstrates is that even with a weakening IP21 and an "over-bought" DJI, there
               were no Sells until December 28th at the earliest.  In every case, the DJI continued higher
               until at least December 28th.  This is the "Santa Claus effect".   

              
True, some may say that the Trump Rally has frequently suspended the operation of ordinary
               seasonality, so there may be no Christmas rally.  Perhaps, but given the special bullishness of the
               Buy September B21, given  the very bullish AI/200 score for the NASDAQ and given how
               shallow all pullbacks in the DJI have been for the last year,  I would not expect the DJI to stay
               very long at its 21-dma support, if it does drop-back that far.  There are just to many buyers
               "wanting in".  The DJI's rising 21-day ma is now at 24219 and is rising about 60 points a day.

 

                                                    Charts 12/20/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New - SPPI  (small Biotech)

                      
12/20/2017   Bullish MAXCPs     Bearish MINCPs     


 
Table A        No Sell S9s or S12s until December 28th.
            At that point, S9s, S12s and S16s are possible.

           Negative or Very Low IP21 Readings with DJI +2.1% over 21-dma
                   from 12/17 to 12/31 since 1965. 
 1  Bear Mkt  19731228       848.02        1.03         -.028  P=+13
              Rallied to 880.23 on 1/4/1974 and then fell to 803.9 on 2/11/1974
 ------------------------------------------------------------------------------
 2            19751226       859.81        1.022         .022  P=-21 
              Rallied to    1009.21 on 3/24/1976 after January B4/B12, judged B10.
 ------------------------------------------------------------------------------
 3            19791217       844.62        1.021         .027  P=+178
              Fell only to 820.31 despite B13 and then rallied to S9/S15 on 2/13/1980. 
 ------------------------------------------------------------------------------
 4            19801231       963.99        1.02         -.027  P=-80
              Rallied to S9/S12 and high of 1004.69 on 1/6/1981
-------------------------------------------------------------------------------
 5            19821223       1045.07       1.021        -.108  P=+39
              19821228       1058.87       1.028        -.114  P=+17
              Rallied to S12 on 1092.35 on 1/10/1983.
-------------------------------------------------------------------------------
 7            19981223       9202.03       1.021         .016  P=-147 
              19981224       9217.99       1.023         .033  P=-130
              19981228       9226.75       1.024         .022  P=-149
              Rallied to 9643.32 on 1/8/1999 (no Sell) and fell back to 9220.67 and rose.   
-------------------------------------------------------------------------------
 8            19991223       11405.76      1.023        -.053  P=-306 
              19991227       11391.08      1.02         -.064  P=-316
              19991228       11476.71      1.026        -.052  P=-315
              This did produce a Sell S9
              19991229       11484.66      1.024        -.063  P=-194
              This did produce a Sell S16
              19991231       11497.12      1.021        -.068  P=-130
              This did produce a Sell S9
              DJI rose to 11497.12 on 12/31 and then fell to 10997.93 before rising.
------------------------------------------------------------------------------
 9            20001228       10868.76      1.022         .008  P=+287
              DJI rose to S9 at 10965.85 on 2/5/2001 and then fell to 9389.48
-----------------------------------------------------------------------------
 10           20111220       12103.58      1.021        -.087  P=-76
              20111222       12169.65      1.022        -.038  P=+168 
              20111223       12294         1.028         .022  P=+334
              20111227       12291.35      1.024         .03   P=+352 (steeply up)
              DJI rose to S15 at 13279.32 on 5/1/2011
----------------------------------------------------------------------------- 
 11           20131224       16357.55      1.021        -.058  P=+107
              20131226       16479.88      1.027        -.036  P=+33
              20131227       16478.41      1.026        -.032  P+119
              20131230       16504.29      1.026        -.028  P=+79
              This did produce a Sell S16. 
              20131231       16576.66      1.029         .009
              DJI rose to 16576.66 on 12/31 and then fell to 15372.8 on 2/3/2014  
-----------------------------------------------------------------------------

 

 
 TABLE 1
                  QuickSilver Documentation     
                      QUICKSILVER on ETFS - 12/20/17
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC  CLOS-PWR   CANDLE  IP21     ITRS
---------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------- 
DIA       247.07   -.33      245.57        15.6%   Bearish      RED   -.041     ----
---------------------------------------------------------------------------------------------
COMPQX    6960.96   -2.89    6856.53       61.5%   Bearish      RED    .044    -.026
---------------------------------------------------------------------------------------------
SPY       267.03   -.14      265.66        5.2%    Bearish      RED   -.013    -.034
---------------------------------------------------------------------------------------------
QQQ       157.53   -.17      155.88        49%     Bearish      RED    .076    -.015
---------------------------------------------------------------------------------------------
MDY       345.16    .56      340.38        27.7%   Bearish      RED   -.205    -.038
---------------------------------------------------------------------------------------------
IWM       153.38    .3       150.1         52.5%   Bearish      RED   -.161    -.059
---------------------------------------------------------------------------------------------
FAS       67.5   -.75        66.62         0%      Bearish      RED   -.144     .062
---------------------------------------------------------------------------------------------
RETL      36.45    .34       32.51         269.9%  Bullish      BLUE   .063     .241
---------------------------------------------------------------------------------------------
SOXL      149.22    3.06     131.68        620.9%  Bearish      RED   -.031     .103
---------------------------------------------------------------------------------------------
TECL      116.75    0        112.19        176.4%  Bearish      RED    .086     .156
---------------------------------------------------------------------------------------------
IBB       106.66    .55      105.17       -2.8%    Bearish      BLUE   .035    -.14
---------------------------------------------------------------------------------------------
GLD       120.14    .32      118.93        40.6%   ----         BLUE   .04    -.101
---------------------------------------------------------------------------------------------
OIL       6.23    .07        6.1           163.7%  Bearish     ----    .055     .093
---------------------------------------------------------------------------------------------
OIH       25    .6           24.5          22.4%   Bullish      BLUE  -.031    -.097
---------------------------------------------------------------------------------------------
GASL      22.24    1.22      20.88         192.1%  Bearish      BLUE  -.27    -.089
---------------------------------------------------------------------------------------------
UGA       31.11    .62       30.19         221%    Bearish      BLUE  -.024     .016
---------------------------------------------------------------------------------------------
UUP       24.27   -.03      W24.33        -8.2%    Bearish      ----   .006    -.08
---------------------------------------------------------------------------------------------
IEF       105.09   -.31     W106.14       -51.4%   Bullish      ----   .078    -.094
---------------------------------------------------------------------------------------------
CORN      16.67    .05       16.67        -3%      Bearish      BLUE  -.183    -.121
---------------------------------------------------------------------------------------------
WEAT      5.94    .03        5.9           59.4%   Bearish      ----  -.174    -.157
---------------------------------------------------------------------------------------------
YINN      31.41   -.17      W32.3         -281%    Bearish      RED    .018    -.131
---------------------------------------------------------------------------------------------
RSX       20.78   -.02      W22.01        -305.8%  Bearish      ----  -.148    -.148
---------------------------------------------------------------------------------------------
AAPL      174.35   -.19      172.22        59.8%   Bullish      RED    .112     .036
---------------------------------------------------------------------------------------------
GOOG      1064.95   -5.73    1049.15       114.8%  Bullish      RED    .079     .013
---------------------------------------------------------------------------------------------
MSFT      85.52   -.31       84.69         9.9%    Bearish      RED    .067     .039
---------------------------------------------------------------------------------------------
AMZN      1177.62   -9.76    1174.26       57.2%   Bearish      RED    .031     .11
---------------------------------------------------------------------------------------------
FB        177.89   -1.62    W178.39       -11.4%   Bearish      RED   -.026    -.046
---------------------------------------------------------------------------------------------
NVDA     196.8    .69        186.47        277.1%  Bearish      RED   -.041    -.041
---------------------------------------------------------------------------------------------
BA        297.9    .65       293.88        102.8%  Bullish      RED    .012     .059
---------------------------------------------------------------------------------------------
GS        255.18   -1.3     W255.48       -7.4%    Bearish      RED   -.174    -.031
 
Table 2
                            COMPARISONS OF BULLISH AND BEARISH GROUPS
                   12/20   12/19  12/18  12/15  12/14  12/13  12/12 12/11    12/8    12/7   12/6    12/5   12/4    12/1  11/30 11/29   11/28   11/27   11/24   11/21  
NEWHIGHS     247   210     553     309     103       268    223    234    288    159      91     107    340    197    536   500    582      209      439    615    
NEWLOWS       50    45        43         49       56          25       52       41      37     50      65      53       37      16      31      57    265       59        31     62           
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
     60    60       133      122          53     123      83        84      90      90      50      42       92    105    266   262      320      101    166 
MINCPs        
   127   117       76       65         142       67      99        75     93      73     141    135     152     93     80     110        93        94     42 
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs           
  65    71     146      118         75      110      72       73      76      75      46      44       72       53    139    161     143        79   110     196     
TTTNLs       
     187 129        90       98      192       99    161      155   177    109    219   248     402     286   162    230     124      144     66     186                  
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP           143  172  166  126  123     175     101      108     96      80      79     95      180     126    128   130     141      143     205    245                      
FASTDOWN      78 183   96   125   109       91     132     134   169     195    233   248      210     156    123    97       74        64         58      72   
Table 3
 
Count of Stocks and New Highs in Key Tiger Directories
Date = 171220
               No           NHs            Pct
-------------------------------------------------------------------
JETS           9             4             44 %
DJI-13         13            5             38 %
BIGMIL         6             2             33 %
TRANSP         20            5             25 %
DOWJONES       30            7             23 %
SP-100         96            17            18 %
INFRA          11            2             18 %
---------------------------------------------------------
BIGBANKS       7             1             14 %
GAMING         28            4             14 %
MORNSTAR       238           34            14 %
EDU            7             1             14 %
RETAIL         53            7             13 %
HOMEBLDG       17            2             12 %
MILITARY       38            4             11 %
INDMATER       92            10            11 %
SP500          486           47            10 %
CHEM           64            6             9 %
NASD-100       100           9             9 %
COMPUTER       22            2             9 %
FINANCE        92            7             8 %
INDEXES        195           16            8 %
ETFS           65            5             8 %
RUS-1000       838           69            8 %
NIFTY          30            2             7 %
OILGAS         142           8             6 %
INSURANC       32            2             6 %
AUTO           40            2             5 %
CHINA          64            3             5 %
HACKERS        25            1             4 %
GREEN          31            1             3 %
ELECTRON       178           6             3 %
SEMI           130           4             3 %
BIOTECH        386           10            3 %
SOFTWARE       66            1             2 %
-------------------------------------------------- 
Table 4
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
             12/20/17
Bullish = 33
Bearish = 10
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         1             1             1             1             1             1 
JETS           1             1             1             .888          .888          .888 
TRANSP         1             1             1             .9            .8            .9 
DOWJONES       .933          .933          .933          .9            .9            .866 
BIGBANKS       .857          .857          .857          .857          .857          1 
BIGMIL         .833          .833          .833          .833          .833          .833 
SP-100         .822          .812          .822          .802          .791          .822 
MORNSTAR       .81           .806          .852          .806          .731          .789 
RETAIL         .792          .792          .792          .754          .716          .735 
AUTO           .775          .675          .65           .55           .45           .525 
FINANCE        .771          .815          .847          .76           .684          .695 
BEVERAGE       .75           .75           .7            .65           .65           .65 
SP500          .728          .726          .761          .728          .693          .742 
INFRA          .727          .727          1             .818          .818          .909 
EDU            .714          .714          .714          .571          .428          .714 
GAMING         .714          .678          .714          .678          .678          .678 
RUS-1000       .711          .708          .743          .696          .659          .712 
MILITARY       .71           .736          .736          .71           .657          .71 
============================================================================================
REGBANKS       .696          .696          .787          .696          .515          .696 
INDEXES        .682          .682          .697          .646          .676          .707 
NASD-100       .68           .66           .69           .66           .66           .67 
NIFTY          .666          .666          .766          .7            .7            .733 
HOMEBLDG       .647          .647          .705          .647          .647          .705 
GREEN          .645          .612          .645          .548          .516          .612 
HACKERS        .64           .68           .68           .68           .68           .6 
SOFTWARE       .636          .651          .651          .59           .575          .606 
INDMATER       .608          .597          .586          .565          .456          .5 
CHEM           .593          .578          .593          .5            .406          .5 
COMPUTER       .59           .545          .59           .59           .5            .545 
ELECTRON       .567          .55           .606          .533          .455          .5 
SEMI           .523          .5            .576          .461          .384          .423 
SOLAR          .523          .523          .523          .476          .476          .476 
OILGAS         .521          .464          .471          .38           .394          .443 
============================================================================================
CHINA          .5            .484          .453          .406          .453          .546 
HOSPITAL       .5            .5            .5            .5            .375          .5 
INSURANC       .5            .562          .593          .625          .5            .593 
=============================================================================================
ETFS           .492          .523          .63           .446          .523          .584 
COMODITY       .478          .422          .394          .352          .323          .323 
BIOTECH        .43           .419          .406          .409          .391          .43 
REIT           .376          .415          .662          .617          .528          .55 
COAL           .375          .5            .5            .375          .375          .375 
GOLD           .346          .244          .204          .183          .142          .142 
UTILITY        .209          .255          .465          .581          .534          .581 
FOOD           .2            .133          .133          .133          .133          .133 
PIPELINE       .142          .142          .142          .142          0             0 
BONDFUND       .036          .081          .153          .171          .243          .234 
N=10

=============================================================================
=============================================================================
           12/19/2017    
                                
                                 The September
Buy B21 still operates and predicts higher prices.  Any dip at this
                                 time should be considered a buying opportunity.

                                 A short-term decline after the DJI pushes up to the round-number 25,000 to
                                 celebrate Congress's passing the biggest US tax cut since 1986 is certainly
                                 a possibility.  Grabbing profits when a long-expected bullish event finally takes
                                 place has a long tradition on Wall Street.  And though BA and CAT show no signs of
                                 slowing down in the DJI, the Hourly DJI's DISI-OBV has recently widely failed to
                                 confirm the recent run-up.  We also see negative (red) distribution when we look at the
                                 key DIA ETF. 
 



                               
 But such a sell-off now would be fighting the bullish second-half December seasonality.
                                 Since1965, the DJI has advanced 68.6% of the time over the next five trading days and
                                 has averaged a1% gain over the next ten trading days and 1.9% over the next days. And
                                 it would be fighting Peerless, which has yet to produce a Sell.
  Going back to 1915,
                                 I don't believe there have been any significant tops in on-going bull markets that were
                                 made in the week before Christmas even when the Accumulation Index is close to 0,
                                 as now.  The biggest declines at this time were a 1% pullback in 1951 and 1959 and
                                 a 2% retreat in 1953.  There are many more cases of big advances from now until
                                 year-end and beyond.



                                           
Wall Street Will Not Allow This "Wager on The Rich" To Fail

                                
Working now is a much important consideration than the bullish seasonality or any
                                 technical warnings.  Wall Street has a huge vested interest in keeping the bull market
                                 going.  Just as when they punished Truman and Kennedy by dropping the market
                                 (and the economy) when these two Presidents began to threaten Corporate and
                                 Wall Street power, now they must reward Trump and the Republican Congress.
                                 I believe they understand very well that a sell-off now would work against the whole
                                 purpose behind the tax-cut, which is to pump up Wall Street,  thereby making big
                                 shareholders and corporations oodles of money so that their spending and investments
                                 will spur on national economic growth and make the economy surge by the time of the
                                 Election next year.  Now is not the time for Wall Street to grow feint-hearted and
                                 "fold".  I believe Wall Street is very aware of their responsibility now to make the stock
                                 market go much higher.  Too much is at stake for them to act like short-term traders.

                                                         Charts 12/19/2017 

                     
 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  FB  GOOG   GS  
                                HD   IBM  JPM  M (Macy's)  MSFT   NFLX  NVDA   QCOM   TSLA  TXN   XOM  WMT

                                ANDV (refinery), CMG (Chipotle), LRCX,  SWKS,   TOWN   New - SPPI  (small Biotech)

                      
12/19/2017   Bullish MAXCPs     Buyouts/Arbitraging
                                              Bearish MINCPs      Red Stoch.-Sells Today

 
Table 1
                     QuickSilver Documentation  This is for short-term trading leveraged ETFs.

                      It also provides a useful short-term outlook of these sectors ETF's and the sectors they represewnt

                    
Blue is Bullish and Red is Bearish. 
                    1    Candle-Stick color is shortest-term. This changes when close vis-a-vis opening changes.
                          So, in stocks or ETFs that advanced a long ways, traders should sell when a higher
                          opening gives way to a decline that brings a drop below the previous day's close.
                    2    5-dma AROC and Close-versus- pivot point is next most  short-term.
                                       W = warning.  Close is below PIVOT-Point.
                    3   Closing Power trend-direction vs. its 21-dma is next most short-term.
                    4   IP21 is used to spot divergences and to estimate underlying support.
                    5  > IP21 falling and below +.15 and its 21-dma is bearish in an over-extended ETF, especially
                           when its Closing Power is falling and is below its 21-dma.               
                        > IP21 below 07 with AROC below .07 is less likely to bring a rally back up from 21-dma.
                    6   Note price trend-lines, support/resistance and price patterns on charts.

 
                     QUICKSILVER on ETFS - 12/19/17

            Today's decline did not cause most ETFs 5-day moving averges
            to turn down.  The most bullish stocks below are BA and CAT.
  
ETF      CLOSE   CHANGE     PIVOT-PT   5-dma AROC  CLOS-PWR  CANDLE  IP21     ITRS
---------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------- 
DIA       247.4    -.39      246.3         39.8%   ----      RED   -.009     ---
---------------------------------------------------------------------------------------------
COMPQX    6963.85 -30.91    6875.8         73.5%   Bearish   RED    .063    -.029
---------------------------------------------------------------------------------------------
SPY       267.17   -1.03     266.75        7.3%   ----       RED    .023    -.035
---------------------------------------------------------------------------------------------
QQQ       157.7   -.94       155.99        64.1%   ----      RED    .075    -.018
---------------------------------------------------------------------------------------------
MDY       344.6   -1.43      343.26        20.1%   Bearish   RED   -.182    -.042
---------------------------------------------------------------------------------------------
IWM       153.08   -1.22     151.78        72.4%   Bearish   RED   -.125    -.063
---------------------------------------------------------------------------------------------
FAS       68.25   -1.54      67.5         -83.4%   Bearish   RED   -.098     .084
---------------------------------------------------------------------------------------------
RETL      36.11   -.76       34.57         375.9%   ----     RED    .112     .235
---------------------------------------------------------------------------------------------
SOXL      146.16   -.65      131.98        520.6%  Bearish  ----  -.025     .096
---------------------------------------------------------------------------------------------
TECL      116.75   -2.35     112.68        188.2%   ----     RED    .103     .154
---------------------------------------------------------------------------------------------
IBB       106.11   -.25     W106.72        16.5%   Bearish   RED   -.01    -.15
---------------------------------------------------------------------------------------------
GLD       119.82    .09      119.17        70.1%   ----      BLUE  -.003    -.106
---------------------------------------------------------------------------------------------
OIL       6.16    .04        6.03          32.8%   Bearish   ----   .052     .118
---------------------------------------------------------------------------------------------
OIH       24.4    .07       W24.89        -170.2%  Bearish  ----  -.083    -.131
---------------------------------------------------------------------------------------------
GASL      21.02    .06      W21.44        -237.8%  Bearish  RED   -.303    -.152
---------------------------------------------------------------------------------------------
UGA       30.49    .38       29.78        -18.3%   Bearish   BLUE  -.011     .015
---------------------------------------------------------------------------------------------
UUP       24.3   -.07       W24.31        -36.9%   Bearish   RED    .037    -.089
---------------------------------------------------------------------------------------------
IEF       105.4   -.48      W106.18       -16.5%   Bullish   RED    .113    -.095
---------------------------------------------------------------------------------------------
CORN      16.62    .04      W16.68          -9.0%  Bearish   ----  -.154    -.132
---------------------------------------------------------------------------------------------
WEAT      5.91    .01        5.87          85.1%   Bearish   ----  -.211    -.171
---------------------------------------------------------------------------------------------
YINN      31.58   -.62      W33.22         49.8%   Bearish   RED    .043    -.107
---------------------------------------------------------------------------------------------
RSX       20.8   -.29       W22.1         -256.8%  Bearish   RED   -.137    -.147
---------------------------------------------------------------------------------------------
AAPL      174.54   -1.88     172.27        81.9%   Bullish   RED    .108     .033
---------------------------------------------------------------------------------------------
GOOG      1070.68   -6.46   1040.61       143.2%   Bullish   RED    .077     .009
---------------------------------------------------------------------------------------------
MSFT      85.83   -.55       85.35         14.6%   ----      RED    .087     .038
---------------------------------------------------------------------------------------------
AMZN      1187.38   -3.2     1164.13       94.9%   Bearish   RED    .046     .111
---------------------------------------------------------------------------------------------
FB        179.51   -1.31     178.3         71.3%   Bearish   RED   -.011    -.047
---------------------------------------------------------------------------------------------
NVDA     196.11   -1.79      186.18        138.3%  Bearish   RED   -.023    -.03
---------------------------------------------------------------------------------------------
BA        297.25    1.11     291.84        124.7%  Bullish   BLUE   .032     .063
---------------------------------------------------------------------------------------------
GS        256.48   -3.54     255.56       -23.3%   Bearish   RED   -.143    -.031


                  

Table 2        COMPARISONS OF BULLISH AND BEARISH GROUPS
                   12/19  12/18  12/15  12/14  12/13  12/12 12/11  12/8    12/7   12/6    12/5   12/4    12/1  11/30 11/29   11/28   11/27   11/24   11/21  11/20 
NEWHIGHS     210   553   309   103       268    223    234    288    159      91     107    340    197    536   500      582      209      439    615     363  
NEWLOWS        45     43   49     56          25       52       41      37     50      65      53       37      16      31      57       265       59        31       62       50        
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
MAXCPs      
      60  133  122     53     123      83        84      90      90      50      42       92    105    266   262      320      101       166    406      339     
MINCPs        
    117    76   65    142       67      99        75     93      73     141    135     152     93     80     110        93        94         42      63       52 
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
TTTNHs           
  71  146  118     75      110      72       73      76      75      46      44       72       53    139    161     143        79      110     196     172    
TTTNLs       
     129   90    98   192       99    161      155   177    109    219   248     402     286   162    230     124      144        66     186     184              
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
FASTUP           172  166  126  123     175     101      108     96      80      79     95      180     126    128   130     141      143     205    245    189                      
FASTDOWN   183   96 125  109      91     132     134   169     195    233   248      210     156    123    97       74        64         58       72    100 
Table 3
Count of Stocks and New Highs in Key Tiger Directories
Date = 171219
               No           NHs            Pct
-------------------------------------------------------------------
BIGMIL         6             2             33 %
DJI-13         13            4             31 %
GAMING         28            5             18 %
INFRA          11            2             18 %
TRANSP         20            3             15 %
RETAIL         53            8             15 %
BEVERAGE       20            3             15 %
==================================================
EDU            7             1             14 %
DOWJONES       30            4             13 %
HOMEBLDG       17            2             12 %
HACKERS        25            3             12 %
MILITARY       38            4             11 %
SP-100         96            11            11 %
MORNSTAR       238           26            11 %
JETS           9             1             11 %
NASD-100       100           10            10 %
FINANCE        92            8             9 %
INDMATER       92            8             9 %
SP500          486           42            9 %
RUS-1000       838           62            7 %
CHEM           64            4             6 %
INSURANC       32            2             6 %
AUTO           40            2             5 %
INDEXES        195           9             5 %
SOFTWARE       66            3             5 %
CHINA          64            3             5 %
COMPUTER       23            1             4 %
GREEN          31            1             3 %
NIFTY          30            1             3 %
ETFS           65            2             3 %
BIOTECH        386           12            3 %
ELECTRON       179           4             2 %
SEMI           131           2             2 %
REIT           178           4             2 %
UTILITY        43            1             2 %
----------------------------------------------------
Warning: BIGBANKS  REGBANKS  OILGAS  SOLAR        
COAL  GOLD  PIPELINE  COMODITY   
FOOD  BONDFUND   HOSPITAL   
  
 
Table 4
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
             12/19/17
 Bullish = 34
 Bearish = 10
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         100%          1             1             1             1             1 
JETS           1             1             .888          .888          .888          .888 
TRANSP         1             1             .9            .8            .9            .9 
DOWJONES       .933          .933          .9            .9            .866          .833 
BIGBANKS       .857          .857          .857          .857          1             1 
BIGMIL         .833          .833          .833          .833          .833          .833 
FINANCE        .815          .847          .76           .684          .695          .684 
SP-100         .812          .822          .802          .791          .822          .812 
MORNSTAR       .806          .852          .806          .731          .794          .81 
N=9
============================================================================================
RETAIL         .792          .792          .754          .716          .735          .754 
BEVERAGE       .75           .7            .65           .65           .6            .6 
MILITARY       .736          .736          .71           .657          .71           .71 
INFRA          .727          1             .818          .818          .909          .909 
SP500          .726          .761          .728          .693          .738          .746 
EDU            .714          .714          .571          .428          .714          .714 
RUS-1000       .708          .743          .696          .659          .71           .719 
REGBANKS       .696          .787          .696          .515          .696          .666 
INDEXES        .682          .697          .646          .676          .707          .687 
HACKERS        .68           .68           .68           .68           .6            .6 
GAMING         .678          .714          .678          .678          .678          .75 
AUTO           .675          .65           .55           .45           .525          .55 
NIFTY          .666          .766          .7            .7            .733          .7 
NASD-100       .66           .69           .66           .66           .67           .66 
SOFTWARE       .651          .651          .59           .575          .606          .59 
HOMEBLDG       .647          .705          .647          .647          .705          .705 
GREEN          .612          .645          .548          .516          .612          .612 
INDMATER       .597          .586          .565          .456          .5            .521 
CHEM           .578          .593          .5            .406          .5            .468 
COMPUTER       .565          .608          .608          .521          .565          .565 
INSURANC       .562          .593          .625          .5            .593          .656 
ELECTRON       .553          .608          .536          .458          .502          .502 
ETFS           .523          .63           .446          .523          .584          .507 
SOLAR          .523          .523          .476          .476          .476          .428 
SEMI           .503          .58           .465          .389          .427          .412 
----------------------------------------------------------------------------------------------
COAL           .5            .5            .375          .375          .375          .375 
HOSPITAL       .5            .5            .5            .375          .5            .5 
----------------------------------------------------------------------------------------------
CHINA          .484          .453          .406          .453          .546          .406 
OILGAS         .464          .471          .38           .394          .45           .5 
COMODITY       .422          .394          .352          .323          .323          .352 
BIOTECH        .419          .406          .409          .391          .432          .383 
REIT           .415          .662          .617          .528          .539          .528 
UTILITY        .255          .465          .581          .534          .581          .581 
GOLD           .244          .204          .183          .142          .142          .122 
PIPELINE       .142          .142          .142          0             0             0 
FOOD           .133          .133          .133          .133          .133          .133 
BONDFUND       .081          .153          .171          .243          .216          .171 
N= 10