TigerSoft Hotline
(C) 2016 William Schmidt, Ph.D.
www.tigersoft.com
william_schmidt@hotmail.com

 
 This address must change early Thursday AM
 Look for our email  (Tuesday or Wednesday) giving the new address.                                  

Current Hotline Address   http://www.tigersoft.com/816-HLN/INDEX.html

       
 Previous Addresses - http://www.tigersoft.com/77HL7778/INDEX.html
                                   http://www.tigersoft.com/64HRL/INDEX.html
                                    http://www.tigersoft.com/55HL55/INDEX.html

----->  TIGER Data Page Users.  <-----
       Read about the new Data Download - WEEKHIAI
       I think it will make you money with less risk. 

----->  Suggestion <-----
  A number of your email accounts are putting emails from me
 using william_schmidt@hotmail into the Junker folder.  Please
 "be-friend" an email from me so that you promptly get change
 of address information regarding new Hotline links.
-----------------------------------------------------------------------------------------------------------------

                             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
 Peerless Signals and DJI Charts  - version 7/4/2013
              1965  1965-6    1966   1966-7    1967    1967-8    1968   1968-9   1969      1969-70   1970   1970-1 1971
              1971-2  1972  1972-3    1973   1973-4   1974     1974-5     1975   1975-6     1976    1976-7     1977 1977-1978
              1978  1978-79     1979   1979-80   1980    1980-1   1981    1981-2   1982     1982-1983     1983    1983-1984
              1984  1984-1985 1985 1985-1986    1986  1986-1987  1987    1987-8  1988 1988-9   1989    1989-90
              1990  1990-1  1991   1991-2  1992   1992-3    1993   1993-4   1994   1994-5   1995     1995-1996   1996
              1996-7    1997   1997-8    1998    1998-1999   1999    1999-2000   2000      2000-1   2001   2001-2   2002
              2002-3    2003   2003-4    2004   2004-5     2005   2005-6    2006    2006-7    2007    2007-8    2008    2008-9
              2009      2009-10    2010    2010-11    2011    2011-12     2012     2012-2013


 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.

Previous Hotlines -  www.tigersoft.com/55HL55/INDEX.html
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

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.

 Earlier Q-Answers

                  New 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   

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


                                         Peerless/TigerSoft Hotlines and Links 

                8/11/2016        Our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B1) has been
                                        productive.  We see no reason to sell.  In particular, the signals have
                                        brought about a very bullish flat topped breakout on the powerhouse
                                        high tech, TECL.  This is a classic and very bullish weekly breakout.
                                        It even has a very bullish weekly Buy B12.  The track record of Peerless
                                        with TECL looks much too good to argue with.  See this track record further
                                        below and read up on the Powerful Longer Term Weekly Buy B12 Signals
                                        of TigerSoft

                                        Now we must  watch SOXL to see if it can make a similar breakout into
                                        7 year all-time high territory.  SOXL (Semiconductors) has been lagging,
                                        but the very positive Jobs' data are giving a big boost to this industry's outlook.
                                        My Explosive Super Stocks book makes much of the semi-conductor
                                        group's historical importance in confirming a big move by the overall market. 
                                        This I have suggested owes to the industry's high fixed costs and
                                        volatile earnings. So, until SOXL shows it is unable to move higher, I think
                                        we can assume there is more to this bull market.  See the weekly SOXL
                                        and TECL charts at the bottom of today's Hotline.

                                                         Will TECL's Breakout Next Be Matched
                                            by SOXL Making a comparable breakout?



                                        Once again I can report that there were more up than down on the
                                        NYSE and that the Hourly DISI/OBV trend is still rising, too.
                                        The DIA's Closing Power's trend is no longer up, but this indicator
                                        is decidedly pointing higher for the OEX, SPY, QQQ, IWM, TECL,
                                        SOXL, IBB and FAS.



                                       Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                             SPY  QQQ   IWM 
                                             DJI-Utilities  REITS  A/D Line-6000 Stocks
                                             SOXL  TECL   IBB    FAS   Crude Oil 
                                             Major Indexes and A/D Lines.  
                                             Key Tiger Software ETF Charts
                                             Bullish MAXCPs    Bearish MINCPs 
                                    Charts of Key ETFs    

                                           TECL and Peerless Signals

                                                  Trading Results
                   1)  Peerless Buys and Sells are super-imposed on yearly TECL charts
                   2)  Results are based on Opening prices after a reversing Peerless signal:
                        Sell to Buy to establish a long position and Buy to Sell to establish a short position.
                   3) Though TECL is thinly traded, the paper losses are small and
                       it should be used to trade reversing Peerless signals.
                   4) The results start after the first six weeks of each year because programming
                       limitations presently prevent the signals at the start of the year to be superimposed.
                   5) It is assumed that one starts with $10,000 and all proceeds are fully invested
                       with each trade.  A round trip commission of $40 is assumed.

                                              TECL  Trading Gain: 2009-2016
                                                          from Peerless Reversing Buys and Sells

                                              2009   +568%
                                              2010   +639%
                                              2011   +179%
                                              2012   +187%
                                              2013   +113%
                                              2014   + 110%
                                              2015   +146%
                                              2015-2016  +145%

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

                  8-8-2016       Our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B1 
                                        still stand.  Though the DJI slipped back a little, there were
                                        more up than down and the Hourly DISI/OBV trend is still rising, too.
                                        The DIA's Closing Power's trend is no longer up, but this indicator
                                        is decidedly pointing higher for the OEX, SPY, QQQ, IWM, TECL,
                                        SOXL, IBB and FAS.  Also making recovery highs today were
                                        the foreign ETFs, Brazil, emerging markets and YINN.

                                        I doubt if a turn downwards now by the DJI or the Utilities will stop
                                        the general movement higher.  There are enough periods when
                                        the DJ-15 falls while the DJI-30 rises , so that I think we should not
                                        place too much emphasis on it.  See Utilities since 1988 study.



                                        Generally speaking, Wall Street is probably pleased that Trump
                                        is dropping in the recent polls.  I also continue to believe that the
                                        FED will not raise rates until November, after the Presidential
                                        Election.

                                       
                                        Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                             SPY  QQQ   IWM 
                                             DJI-Utilities  REITS  A/D Line-6000 Stocks
                                             SOXL  TECL   IBB    FAS   Crude Oil 
                                             Major Indexes and A/D Lines.  
                                             Key Tiger Software ETF Charts
                                             Bullish MAXCPs    Bearish MINCPs 
                                    Charts of Key ETFs   

                                        The Peerless Buys and Sells have worked well for most of the
                                        last year.  "It's important to do nothing if nothing needs to be done"
                                        (JFK, the conservative.)



                                            Tiger Index of Stocks                 Peerless Signals' Gain
                                                                                                 since Oct 28, 2015
                                                                                                 (Buying and Selling Short
                                                                                                 at opening the day after
                                                                                                 a reversing Peerless signal)

                                            DJI-30                                         50.9%
                                            OEX-100                                     51.1% 
                                            QQQ-100                                    48.2%
                                            SP-500                                        44.3%
                                            RUSS-1000                                 46.7% 
                                            BIG BANKS                               91.0%
                                            BIOTECHS                               106.2%
                                            COMMODITIES                   only +12.5%
                                            FOREIGN ETFS                       136.6%
                                            GOLD                                      only 15.1%
                                            NIFTY-35                                    54.7%
                                            OIL STOCKS                          only 14.0%

                                            FAS                                            +117% 
                                            IBB                                               +63.4%
                                            SOXL                                         +195.8%
                                            TECL                                         +143.3%
                                            TNA                                           +190.8%

                              Tiger says to sell SOXL.  Peerless does not say to sell it yet.
                              42.6 is its 5-year high.  See second weekly chart below.  We
                              should get back there on this advance.
                                             

        Weekly Resistance on SOXL                

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

                  8-5-2016       Our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14 appear
                                        to have done what they were supposed to and told us to expect
                                        higher prices.   The DJI's 5-day ma has turned up.  The NYSE
                                        A/D Line made a 12-month high ahead of the DJI itself, this
                                        despite the shift out of some leading NYSE dividend stocks (Utilities
                                        REITs).  I view a less defensive market as a good sign.


 
                                        The Hourly DJI's OBV/DISI is also bullishly making new highs ahead of
                                        prices.  The DJI certainly looks like it will reach 19000 soon and if it gets
                                        there, why not 20,000 just in time for the partisan celebration
                                        that usually occurs just after the Election?

                                                           Hourly DJI's DISI-OBV is in uptrend.



                                        It has to be very bullish now that so many of the short ETFs for
                                        the DJI, SP-500, QQQ, Russell-2000, Banks, Emerging Markets
                                        look terrible: new 12-month lows confirmed by heavy red Distribution
                                        below its 21-day ma with their Closing Powers making new lows. 
                                        See the BEARISH MINCPs tonight.         

                            

 

                                         Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                             SPY  QQQ   IWM 
                                             DJI-Utilities  REITS  A/D Line-6000 Stocks
                                             SOXL  TECL   IBB    FAS   Crude Oil 
                                             Major Indexes and A/D Lines.  
                                             Key Tiger Software ETF Charts
                                             Bullish MAXCPs    Bearish MINCPs 
                                    Charts of Key ETFs   

                                                        Utilities' Declined Friday

                                               But DJI-15 is still above its 65-dma, key price-uptrend
                                               and hasnot declined more than 5% below its
                                               recent highs.  A decline now below 680 could
                                               set up a 100-point DJI-15 decline even as DJI
                                               continues to rise.




                                        Our chart of the DJI-15 (Utilities) above shows that 680 is the key level
                                        to watch.  A decline below 680 would cause a number of bearish
                                        technical developments even if Peerless gives no sell signal.

                                           1) The Bearish Head/Shoulders top pattern in DJI-15 has already
                                           been completed.  A close below 680 would put this Average down
                                           more than 10% from its high.  This is a handy way to clinch
                                           Head/Shoulders patterns in the DJI-15. 
                                           If you own Utilities, see the DJI-15 study for the period 1988-2016 tonight.
                                           2) The Utility Average's long price uptrend would be violated.
                                           3) The support of the DJI-15's 65-dma would then be oversome.
                                           4) And the DJI-15's Closing Power would then have decisively
                                           turned down.

                                                         July Jobs Report Was Bullish

                                        Friday's 200+ point jump owed to the nice July Jobs' Report/
                                        According to it, 255,000 new Jobs were created by  US private industry. 
                                        No doubt, some "hawks" will conclude that two straight numbers over
                                        250,000 'should allow' the FED to safely raise interest rates.  This view
                                        explains the sell-off in Golds, REITs and utilities.  Will Utilities keep
                                        going down?  The DJI-20 is still in an uptrend, above its 65-dma and
                                        has not fallen 5% from its highs. .

                                        Hot Money seems to be shifting into tech stocks and smaller stocks.
                                        See the big gains below made Friday by TECL (leveraged Techs) and
                                        TNA (leveraged Russell-2000).  

 

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

                  8/4/2016        With Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14) in
                                        place, we want to find good re-entry points to buy the major ETFs.
                                        Our Buy signals are fortified by the NYSE A/D Line's continuing
                                        strength and the bullish divergence between the up-trending Hourly
                                        DJI's DISI-OBV and the steady, low volume retreat in the DJIA.

                                        Goldman Sachs and others have made dismal forecasts for the
                                        market recently.  With volume nearly the lowest of the year, it
                                        would seem that the bears cannot induce any more significant
                                        selling.  If the DJI can now get past its downtrend and turn up its
                                        5-day ma, I would think it will quickly get back to its highs at 18600.
                                        Augusts in Presidential Election years typically produce Summer
                                        Rallies, not major tops.  2008 was the big exception.  Let's hope
                                        the FED has learned their lesson from this year.

                                        The DJI does seem to be about to reverse its downtrend.  But we
                                        still need to see it surpass its downtrend-resistance line and have
                                        its 5-day ma turn up again.



                                        TECL looks like the best of the major ETFs to buy now.   

                           
                                       
                                        To better time purchases of DIA, SPY, QQQ, IWM, SOXL and TECL
                                        we want to see new optimized Red Buy signals, a rising 5-day ma,
                                        a break in the Closing Power downtrend, positive IP21 (Accumulation),
                                        positive ITRS (relative strength) and an increase in volume on the
                                        day's advance.  The QuickSilver program gives us all these numbers.
                                        But we can also get most of them from the basic Tiger graph.  Using
                                        this approach only TECL rates a Buy now.

                                        Buy/           5-dma   Closing   IP21        ITRS         Volume   Pivot
                                        Sell            AROC   Power    (Current  (Relative                   Point
                                                                         trend     Accum.)   Strength                    to Turn 5-dma up 
             --------------------------------------------------------------------------------------------------------------------------------------
             DIA      50-dStoc Buy         -25.3%    ?          +.196        -------       falling         0.68 above today's close
             SPY      21-d CP   Buy           -8.3%   Up        +.256        +.004       falling         0.71 above today's close
             QQQ    20-dStoc Sell          +29.9%  Up        +.182        +.029       falling         0.44 below today's close
             IWM    14-dStoc Buy          -11.2%  Up        +.088        +.030        falling        0.51 above today's close
             SOXL   14-dStoc Sell         -134.7%  Up        +.298        +.305       rising         0.42 below today's close
             TECL   14-dStoc Buy         +77.9%  Up        +.310        +.188        rising         0.38 below today's close
             SLV      50-dma   Buy         +36.1%  Up        +.152        +.218        falling        Close was at key 5dma pivotp
             GLD      50-dma  Buy         +85.6%  Up        +.166        +.070        falling         0.89 below today's close

                                         Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                             SPY  QQQ   IWM 
                                             DJI-Utilities  REITS  A/D Line-6000 Stocks
                                             SOXL  TECL   IBB    FAS   Crude Oil 
                                             Major Indexes and A/D Lines.  
                                             Key Tiger Software ETF Charts
                                             Bullish MAXCPs    Bearish MINCPs 
                                    Charts of Key ETFs   


         
                                                                 QUICKSILVER RANKING
                                    APPLIED TO ALL STOCKS

                      The key idea behind the QuickSilver strategy is for traders
                      to stay long the very strongest stocks for as long as their
                      5-dma is rising or until a sufficient trading profit is achieved
                      from one their vertical advances.  The ranking is by the 5-day
                      ma annualized rate of change.  We want confirmation by having
                      both Opening and Closing Power rising, seeing the IP21 is above
                      +.16 and volume rising on daily advances.  In this situation, they
                      usually bounce up off their 5-dma.  The pivot-point lets us sell
                      on the same day that the 5-dma turns down.  

                      See the 6-month charts by clicking on the symbols below 

C:\fastup - 08/04/16
5DAROC        Symbol        Last          5-dma         Pivot         Change        
..............................................................................................
IP21          AI/200        OP-PWR        CP-PWR        PCT-Up   Daily Vol. notes
==============================================================================================
1540.5        CLD           3.75          3.48          3.41          .2
.35           83            Rising        Rising        .502          bullish
---------------------------------------------------------------------------------------------
1360.5        NAK           .68           .62           .54           .03
.19           92            Rising        Rising        .361          bullish
---------------------------------------------------------------------------------------------
1153.6        EXEL          11.07         9.61          9.18          1.68
.24           133           Rising        Rising        .526          bullish
---------------------------------------------------------------------------------------------
1087.5        STAA          8.24          7.1           6.84          1.61
.24           110           Rising        Rising        .45           bullish
---------------------------------------------------------------------------------------------
1027.8        CHGG          6.5           5.98          5.39          .2
.2            96            Rising        Rising        .466          bullish
---------------------------------------------------------------------------------------------
967.2         PODD          41.84         36.67         35.39         6.39
.24           131           Rising        Rising        .506          bullish
---------------------------------------------------------------------------------------------
957.8         PCRX          44.63         38.81         36.25         7.14
.18           117           Rising        Rising        .518          bullish
--------------------------------------------------------------------------------------------- 
  

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

                  8/3/2016        The Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14) are
                                        still operative.  No intermediate-term Sell signal looms ahead.
                                        If the DJI does continue to retreat, the additional weakness
                                        should be limited.  The Hourly DJI's DISI-OBV is in an uptrend
                                        and the DJI is close to reaching an oversold technical status.

                                        The DJI's small recovery today relieved some of the over-sold
                                        tension from the 7-day decline.  It did bring optimized, short-term
                                        red Buy signals on the Tiger charts of IWM (Russell-2000) and
                                        MDY (Midcaps).  The DJI's 5-day Stochastics are still not yet in
                                        oversold (<20) territory and it will take a 100 point gain tomorrow
                                        to cause the DJI's key short-term, 5-day ma to turn up.  Such
                                        a move back upwards will also likely cause the Closing Power to
                                        break its down trend, thus signaling what can then be considered
                                        a successful test of its 21-day ma.  Such action should be used
                                        buy DIA, IWM or MDY.

                                             Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                             SPY  QQQ   IWM 
                                             DJI-Utilities  REITS  A/D Line-6000 Stocks
                                             SOXL  TECL   IBB    FAS   Crude Oil 
                                             Major Indexes and A/D Lines.  
                                             Key Tiger Software ETF Charts
                                             Bullish MAXCPs    Bearish MINCPs 
                                    Charts of Key ETFs   

                                                          7 Straight Down Days Near The Year's Highs.
                                                    What Is Its Significance?
   
                                        Seeing the DJI decline 7 straight days is disconcerting and
                                        scary in view of how long the DJI has been rising and because
                                        so much of the advance owes to the wholly artificial help from the
                                        FED, which has purchased trillions and trillions of dollars worth
                                        of government bonds and mortgages.  But if we leave out the FED's
                                        involvement as a consideration, and go back over the history of
                                        the DJI since 1929, we find that the DJI's falling 7 straight days
                                        when it is still less than 5% from its yearly highs nearly always sets
                                        up a good short-term buying situation.  See tonight's new Study
                                        of this.

                                                            7 Straight DJIA Down Days
                                               Those with DJI not 5% below 12-month DJI high.

             1929 - quick recovery from lower band with new highs following..
             1951 - recovered only back to previous highs.
             1959 - quick recovery from lower band with new highs following.
             1963 - after a few more down-days, recovery from lower band with new highs following.
             1973 - bear market follows immediately.  Here there were multiple Sell S9s.

             1976 - another month of weakness followed, then rally back to resistance. Sell S9V at top.
             1989 - quick recovery from rising 21-dma with new highs following.   This seems similar
                         to current case by virtue of the decline stopping at the 21-day ma.

                                        Cases where DJI was down slightly more than 5% from highs.

             (2011 - Deeper 13.5% decline from highs followed.  DJI was down slightly more than 5% from high.)
             (2015 - Deeper 13.5% decline from  highs followed.  DJI was down slightly more than 5% from high.)                                         

                                                  

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

                  8/2/2016        The Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14) are
                                        still operative.  No intermediate-term Sell signal looms close ahead.  The
                                        10-day Red NYSE Down Volume is in the ascendant, but the DJIA and DIA
                                        are close to registering "oversold".





                                        When we go back over the last 15 years of SP-500 charts, we see
                                        that "high diving-board" patterns, like we have now, have always brought
                                        additional advances.  Only when they take the shape of a head/shoulders
                                        pattern have they brought intermediate-term declines. 

                                        We do see short-term, optimized red Sell signals on the Tiger Indexes
                                        of the Big Banks,  on the SP-500 and NYSE.  More  of a decline is
                                        certainly possible, though the Hourly DISI-OBV's strength continues           
                                        to deny that it will be lengthy or deep.  My guess is that the DJI will
                                        find strong support at its recent breakout point at 18000 if it should fall
                                        that far.  But, it has already fallen seven straight days and is still only
                                        0.3% below its dma.   So far, this seems like a carefully staged retreat
                                        in a bull market.  Another day or two down should set up a good rally
                                        from a technically oversold condition using the 5-day Stochastic on the
                                        DIA.   



                                                                            What To Do?

                                        If you are nervous, and I think we have to be considering the length of
                                        the bull market and how the DJI has now fallen 7 straight days,
                                        take profits in TECL and sell short some the Bearish MINCPs listed
                                        tonight.  All of these show heavy red Distribution and  made 12-month
                                        lows far ahead of the overall-market.  We will buy DIA when its
                                        Closing Power breaks its current downtrend.     


                                     Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities  REITS  A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL   IBB
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs    Bearish MINCPs 
                                         Charts of Key ETFs      

                                        The continuing weakness in Crude Oil warns that world deflationary
                                        problems still pose a threat.  The meager 1% growth in the US economy
                                        is witness to that.  The Dollar has fallen below its rising 52-week ma.
                                        It moves slowly and is still locked in its 2-year trading range, so I doubt
                                        that weakness here will worsen much or adversely affect the dividend
                                        plays that have been so popular.  Short-term interest rates would have
                                        breakout of their own trading range before we need worry about a
                                        Fed rate hike.  The Dollar's weakness this past week is good news for
                                        Gold and Silver stocks, except that they could use a week of constructive
                                        consolidation, I would say.
                                       




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

                   8/1/2016        The Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14) are
                                         still operative.  No intermediate-term sell seems to be approaching.
                                         Give the best performing "long" plays now more time to keep running.

                                         The DJI itself is slowly falling back to its rising 21-dma
                                         while its Closing Power seems set to test its rising 21-day ma.
                                         The DJI will need to rise by 70 points at tomorrow's close to
                                         turn up its falling 5-day ma.  But I doubt if the decline we are
                                         seeing will be very deep.  The Hourly DJI's DISI is uptrending.
                                         We have not yet seen NYSE Down-Volume rise by much.
                                         The NYSE A/D Line's uptrend keeps making new highs ahead
                                         of the DJI.  In the Presidential Election years since 1968, the
                                         DJI has risen  70.8% of the time over the next week,  66.7% of the
                                         time over the next two weeks and  79.2% of the time over the
                                         next month.
 


                                   
                                                               Federal Reserve "Smoke"

                                         Over the weekend, NY Fed Governor Dudley warned investors
                                         not to rule out an interest-rate hike this year.  His actual remarks were
                                         jarringly nebulous and indefinite. They had no effect on interest
                                         rates, as far I can tell.  Its not likely the FED will raise rates
                                         before November for fear of causing another violent market decline
                                         and thereby becoming a campaign issues, themselves.




                                                      Falling Light Crude Is A Problem

                                         Light Crude fell below its 200-day ma today.  If it fails to turn
                                         up tomorrow, this can be construed as a Sell.  Will Crude Oil keep
                                         falling?  Is it doing this because world-demand is lagging due to a
                                         weakened world economy?  Today this produced selling in YINN (China),
                                         Foreign ETFs and turned the FTSE back down at the resistance
                                         of its falling 65-dma. 



                                                        

                                        The NASDAQ rose today to 5184.20.  It has almost reached its all-time high
                                        from last summer,  5231.94.  It should, at least, make a nominal closing
                                        high.  Note that its has not produced a red Sell yet.  Definitely continue
                                        to hold TECL and SOXL.



                                                       
                                      Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities  REITS  A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL   IBB
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs    Bearish MINCPs 
                                         Charts of Key ETFs      


                                               "High Diving" or "Spring Board FLAG Patterns"?

                                 Because Peerless is on BUYs and because I can find no bearish
                                 "high diving-board narrow flat tops that last two weeks, I have to expect
                                 we will see upside breakouts in the SP-500, OEX, NYSE and MDY.  Of the
                                 indexes with this flat pattern, only the NYSE has switched to a new,
                                 automatic, optimized Red short-term Sell.

ed
                                                                       




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

                   7/29/2016     Our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14) are telling
                                        us to give the market every chance now to show what it can do on the upside.
                                        We have seen flat topped breakouts by the DJI, SP-500 and TECL.
                                        Now we should expect bullish short-term flat topped, flag-pattern
                                        breakouts by SPY, MDY, IWM and VWO (emerging Markets).

                                                     For the major ETFs, like DIA and QQQ, both the Opening and the Closing Powers
                                        are rising.   This very bullish situation can last another four weeks. At some point,
                                        it will end, probably when the Closing Power turns weak.  But not very soon,
                                        I believe.  The Hourly DJI's DISI-OBV Line is rising nicely.  Before the last three
                                        big intermediate-term declines took place, the DJI's DISI-OBV Line started making 2 month
                                        lows far ahead of  prices.

                                       What's driving the advance?  The FED is afraid to raise rates.  Wall Street must
                                        think that the Clinton-Kaine ticket will give them what they want, but it could also
                                        live happily with the pro-Business Trump, too.  There is also a good chance that a Trump
                                        Administration would work out a big Infrastructure spending plan with the next
                                       Congress, something the Obama Presidency could not do.  This would amount to
                                       a huge fiscal stimulus to the US Economy.  Meanwhile,  terrorism overseas keeps
                                       bringing big Investment sums into the US.    Whatever is out there that will
                                       change all these positives, I don't see it yet.

                                                        Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities  REITS  A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL   IBB
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs    Bearish MINCPs 
                                         Charts of Key ETFs      

                                                            Most Bullish Industry Groups:
                                                               Based on Power Ranking
                                                                 (Mornstar - 8/29/2016)

                                                                      AI/200   IP21   ITRS
                                                                                               (Stk vs DJI
                                                                                               50-days)   
                ----------------------------------------------------------------------------------------------------------------------
                MG521  Medical Instruments      190    .224      +.072             Both Up.   Flag pattern breakout.   
                MG522  Medical Appliances/Eq. 175    .185      +.061             Both Up.   Running to new yr highs.
                MG821  Water Utilities                192    .133      +.105             Professions-bullish. Public-bearish.
                MG914  Multimedia Graphics      172    .215       +.056            Both Up. Consolidating.
                MG442  Diversified Utilities          178    .322      +.04               Professions-bullish. Public-bearish.


                                                             Most Bullish Industry Groups:
                                                        Based on 100-Day Pct Change Ranking  

                                                                  100-day
                                                                  Pct Change
                -------------------------------------------------------------
                MG136    Silver                          124%
                MG135    Gold                             54%       
                MG752     Building Materials        42%
                MG131     Steel                            41%
                MG315     Electron Equip.            36%

                               Highest Ranked Mining Stocks: RIC, AG, CDE



                         
                                  When To Take Profits in Mining Stocks

                         Mining stocks periodically go wild on the upside.  They
                         are typically responding to the hyperbolic advances of gold or
                         silver.   So, when would we want to sell them? 

                         My 35-year study of HL (Hecla Mining) suggests we have to
                         watch for tops in the following ways:  Head/Shoulders tops,
                         Big Red Volume Down-Days, Closing Power failures-to-confirm
                         warnings/ IP21 NNCs... 

                         Waiting for the stock's 65-dma to be penetrated or to turn
                         down is risky.  Too often in big runs-up such a strategy means selling 25%
                         or more down from the highest closing price.  It, therefore, seems to me
                         that it is much better to watch for the tell-tale signs of a top in progress
                         and sell when they appear.

                         Going back over a lot of a stock's history helps a lot, I think.
                         We could do a study like this this one on HL for you as a special
                         project.  If interested, email me.  william_schmidt@hotmail.com


               
                                       


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

                   7/28/2016     Our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14)
                                                    coupled with the classic, flat topped breakouts by the DJI, SP-500
                                       and TECL suggest much high prices.  The earnings for tech leaders
                                       AMZN and GOOG came out today.  They were very good.  This
                                       should cause the NASDAQ to challenge its all-time high.
 
                                                                  NY Times articles: (Click on titles for article.)
                                          --> Google Silences Doubters With Blockbuster Quarter.
                                                         -->  Amazon's Profits Grow More Than 800 Percent,
                                                                Lifted by Cloud Services.

                                       The DJI has been gradually weakening by small amounts for a
                                       week.  This may be a warning that it will have to test 18000-18300
                                       again.  But the Hourly DISI/OBV is more bullish than that.  It
                                       is uptrending.  I doubt if there will be enough selling pressure to
                                       drive the DJI down.

                                       Meanwhile, we are watching to see which way the SP-500 springs
                                       from its very narrow "high diving board pattern".  There are not many of price
                                       patterns that are so perfectly formed.  The one that seems closest
                                       in resemblance occurred with the DJI is 1928, just before it went
                                       wildly up for another 10 months.

                                   The Dow Jones Journal switched from providing only closings
                                   to highs, lows and closes in 1928.  The DJI's pattern below shows
                                   that the "diving board" could last as long as 5 weeks.

                                       The volatility for the DJI has been particularly low for the last
                                       two weeks.  I have checked back to 1930 to see what happened
                                       in the past when volatility was this low.  See study.  It's true that
                                       this is somewhat more likely to bring declines to the lower band
                                       than rallies, but this bearish tendency disappears in Presidential Election
                                       years. 

                                           Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities  REITS  A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL   IBB
                                                    NEW - Morningstar: Railroads  Internet Software  Housing Construction
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs    Bearish MINCPs 
                                         Charts of Key ETFs      


                                                                  Presidential Election Year
                                        Stock Markets Are Different!

                                       I believe the stock market will be shaped by the FED and the
                                       Presidential Election Year's politics.  The FED does not want Trump to
                                       win.  So, there will be no rate hike until after November.  They will
                                       do whatever it takes to hold the market up. 

                                       The financial "powers-that-be", as illustrated by the New York Times
                                       are clearly in the pro-Clinton, pro-Bank, pro-Corporate Democrat camp.
                                       They are pretty smart.  They believe that enough Democrats will vote for her
                                       to beat Trump in November.  But just to be sure, I think that their campaign
                                       will turn to "infrastructure spending" because they want blue collar voters
                                       in the "rust belt".   Trump will up their ante, I believe.  That could mean
                                       a very strong fiscal stimulus, as after 1954. 

====================================================================================
                                             
                  7/27/2016     Our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14)
                                                    coupled with the classic, flat topped breakouts by the DJI, SP-500
                                       and TECL suggest much high prices.  The DJI's internals are
                                       positive and improving.  It looks like we are in a holding period,
                                       but I expect an upside breakout from it.




                                     
                                       The FED kept rates the same today, as expected.  This encouraged
                                       buyers of GOLDS and SILVERS.  UTILITIES weakened a little more today,
                                       but are still in an uptrend.   REIT and Bonds enthusiasts saw no reason
                                       to lock in their sizable profits.   These three groups have constituted the
                                       leadership for many months.  Any change here would probably require
                                       new leadership to come forward.  Semi-conductor (SOXL) and Tech (TECL)
                                       stocks are vying to become the new leadership.  Better than expected
                                       earnings seems to be the reason.  Last week it was MSFT that lifted the
                                       market and the DJI-30.  Tuesday, it was AAPL's turn.  Tomorrow we get
                                       to see if FB and GOOG can continue the tech rally.  TECL is now running
                                       in all-time high territory.  SOXL closed at  38.74, about 3 3/4 points away from
                                       making an all-time high.  Crude Oil weakness is holding the DJI back at
                                       this time. 

                                       Tomorrow evening the political conventions will end.  Next Friday, we get
                                       see if June's big jump in Jobs was the start of an economic upswing.
                                       On August 8th, Food Store workers vote on whether to go on strike
                                       out here in California.  Other than that, August is usually a quiet month.

                                       Someone on Yahoo noted that Augusts have had a poor track record for the
                                       last 10 years.  The data below show the author exaggerated August's
                                       recent bearishness.  It's dismaying to have Yahoo spread inaccurate
                                       information.   I would simply trust Peerless at this stage to tell
                                       us when to sell.  In the years when there was a decline, Peerless always
                                       came through for us.
                                      
                                                  Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs    Bearish MINCPs 
                                         Charts of Key ETFs      

                                                                                              

                                                           How The DJI Behaved in
                                       Augusts and Septembers since 2006

                                                            July 31     August 31    September 30
 
                                              2006      11186        11381            11679
                                              2007      13212        13358            13896
                                              2008      11378        11544            10851
                                              2009        9172         9496              9712
                                              2010      10466        10014            10788
                                              2011      12144        11614            10913
                                              2012      13009        13091            13437
                                              2013      15500        14810            15130
                                              2014      16563        17098            17043
                                              2015      17690        16528            16284
                      

===================================================================================
                                                
                  7/26/2016     Our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14)
                                                    coupled with the classic, flat topped breakouts by the DJI, SP-500
                                       and TECL suggest much high prices.  
                                      
                                       The uptrend in Utilities, Reits and Bonds is intact.  It is not expected
                                       that the FED will raise rates for a while.  If I am correct, the FED will
                                       not raise rates until after the November Election, for fear of
                                       precipitating another 2008 Crash.

                                       I also believe that there is a good chance that both Trump and
                                       Clinton will start talking about infrastructure spending and jobs
                                       to try to get votes in the "rust belt".  This would be a very bullish
                                       development for the market.  It would be reminiscent of 1954-1956
                                       when the Federal Inter-State Highway Program was launched.



                                       We do need to soon see the NASDAQ, QQQ, IWM (Russell-2015)
                                       and SOXL make their own breakouts and make all-time highs.  This
                                       will keep the breadth very positive and prevent Sell signals.
                                       It is acceptable that they lag the DJI for as much as six weeks, but
                                       a failure to breakout in that time period will start to look technically
                                       "problematic".



                                     
                                             
     
                                      Charts:  Peerless DJIA  Hourly DJIA    DIA     NetIDOSC for DJI-30
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                         Charts of Key ETFs      

                                       AAPL's sales and earnings were better than expected.  At this
                                       point AAPL is up 6 in pre-opening trading.  This will lift the
                                       DJI up about 36 at the opening.  Semi-conductors were very
                                       strong today.  These developments should boost our TECL.



                                                   Major ETFS/INDEXES That Lag DJIA
                              
                                                           Current           All-time
                                                           Price                high
                                     
                                       QQQ         113.79 +.13       120.5 (March 24, 2000). 
                                       NASDAQ  5110.05 +12.42  5240 (July 20, 2015)
                                       IWM         120.8  +.58        125.86 (July 20, 2015)
                                       SOXL         38.98 +4.24        42.11 (June 1, 2015)
                                       FAS            28.37 +.14          35.72  (July 22, 2015)
                                       IBB           280.28 -1.98       400.79 (July 20, 2015)

                                       It used to be that folks worried about any DJI new high that was not
                                       confirmed by the Transports, but that dates back to the Industrial
                                       days of America.  They peaked at some point in the 1960s.

                                       I would not yet be concerned about the failure of
                                       the NASDAQ to make a new high.  NYSE breadth is
                                       what we pay most attention to and the A/D Line is still in
                                       a very strong uptrend.  Moreover, NASDAQ failures to
                                       confirm can be quite misleading, as in early 1987 when the
                                       DJI broke out above 2000 and advanced for more than 7
                                       months afterwards, even though the NASDAQ did not confirm
                                       the advance until mid-February.  In any case, significant non-confirmations
                                       by the NASDAQ have otherwise always brought normal Peerless
                                       automatic Sells.  See the charts were the NASDAQ lagged DJI
                                       new highs since 1986.

                                       I think we are better off watching Financials and FAS (the 3x Banks'
                                       ETF.   It is still lagging the DJI by a wide margin.  It should recover.
                                       But FAS should be watched daily.  A head/shoulders top in it, a Closing
                                       Power uptrend-break and big volume (S14s) on down-days would
                                       be a important warnings for us.  We know from the 2007-2009 experience, that
                                       it is vital for the stock market that the Big Banks and FAS (their ETF)
                                       not top out and start dropping on heavy volume. 

                                     
                                       .
 


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

                  7/25/2016     I think we have to stick with our Peerless Buys
                                        (Buy B3, Buy B19, Buy B20 and Buy-B14). 
                                                    Until Peerless gives us a Sell, lets give the market more chance to advance!

                                                    Charts:  Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                         Charts of Key ETFs      

                                                    A minor retreat this week - probably because of new polls showing wild-man Trump
                                                    is ahead of banker-friendly Hillary - could be shaping up for the DJI.  The Brexit vote
                                                    came as a shock to PM David Cameron.  Hillary may be in for a shock, too.   The
                                                    disappearance of good-paying middle class jobs is every bit as evident here as it
                                                    has been in England.
                                                 
                                                    The stock market is adjusting to these considerations.  The DJI sometimes does so
                                                    first.  Thus, we see a very small head/shoulders pattern that may play out on the daily DJI
                                                    and DIA.  The 5-day ma for DJI and DIA have pivoted down.  Earnings uncertainties this
                                                    week for AAPL, AMZN, FB and  GOOG may explain this weakness. 

                                                    The recent declines in Gold, Silver and Crude Oil could be signs that world-wide Deflationary
                                                    forces are reasserting themselves.  YINN (China) has just given a red Sell at its well-tested
                                                    resistance.   This hurts overseas markets, but it is not affecting the continuing bullishness
                                                    of Bonds, REITS and Utilities.    If anything, it just increases the interest in American
                                                    dividend-paying stocks and debt instruments and reduces pressure on the FED to raise
                                                    interest rates. 

                                                       

                                                    A DJI close decisively below 18400 will probably bring a few days more decline.
                                                    There should be very good support for the DJI near 18000, if the declines
                                                    worsens.  Recent breadth (NYSE A/D Line for the last week) has deteriorated some.  But
                                                    a decline for a few days would most likely just set up another rally, judging from
                                                    the 5-day Stochastic.   

                                                     Seasonality is bullish at this time for Presidential Election Years.  Since 1968, the DJI
                                                     has risen  70.8% of the time over the next five trading days, 67.7% over the next
                                                     ten trading days and 79.2% over the next month in Presidential Election years.

                                                    The earnings' reports this week may be a bullish surprise.  Keep in mind that
                                                    MDY (Mid Caps), SPY (SP-500) and IWM (Russell-2000) do not show minor tops. 
                                                    Instead, we see bullish-looking flag patterns and still rising  5-day ma.  Upside breakouts
                                                    most often follow patterns like they show.

                                                                                    7/25         Resistance      5-dma pivot-points                               
                                                                                    Close                                that would turn down their
                                                                                                                              rising 5-dma.
                                                                                    --------------------------------------------------------------------
                                                                       MDY    281.47         283               280.72
                                                                       IWM    120.22         120.83          119.30
                                                                       SPY       216.65         217.41          216.91
                                  

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

                  7/22/2016     Stick with our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14).

                                                    The weekly charts of DIA, SP-500 and TECL look superb.  They show
                                                    near-perfect flat-topped breakouts and high Accumulation. 

                                                    The short-term is still positive.  The NYSE A/D Line is rising.  The keys
                                                    ETFs' CLosing Powers and 5-day ma are all rising.  In addition, the DJI's
                                                    NET IDOSC is still rising.

                                                    This week we get to see if the biggest tech stocks, AAPL, AMZN, FB and
                                                    GOOG, can report good enough earnings to allow the NASDAQ to join
                                                    the DJI and SP-500 in their breakouts into all-time territory. 

                                                    There still seems to be ample upside potential for the market.  My guess
                                                    is that the market will not top out until November, when either partisan
                                                    Democrats or partisan Republicans celebrate their victory and chase up
                                                    up stocks to a crescendo and climax.  I still must recommend buying
                                                    water utilities, Chevron (CVX) - the highest AI/200 stock in the DJIA-30
                                                    by a wide margin and TECL (the 3x leveraged ETF for high techs).
                                                   





                                                  Charts:  Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                         Charts of Key ETFs      

                                                                                


                                                                     Will The Democrats Turn on Each Other?

                              Hillary's pick for her running mate, Tim Kaine, should please Wall Street very much.
                              He is a free-Trader who has always supported NAFTA, etc.  He has called his
                              opponents in these matters, "losers".  And last week he warned regulators not
                              to pick on the Big Banks when it came to their use of leverage for "risk management"
                              purposes and to give much more freedom to regional banks in their handling of
                              consumer debt and credit cards.  He joins Hillary in not wishing to return to the days
                              of Glass Steagall when big banks were not allowed to be brokerages or insurance companies.

                              The problem with her pick is that it may alienate so many Sanders' progressives
                              that Trump could win the key "rust belt" states that the Democrats need to
                              win.  This week's Democratic Convention should let us get a better understanding
                              if Progressive Democrats are sufficiently upset with Hillary to refuse to support her in November. 

                                               See Progressives warn Hillary Clinton: Don't pick Tim Kaine for vice president     

                                                  


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

                 7/21/2016       Stick with our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14).
                                        We cannot easily get a Sell signal here.  The next Peerless Sell
                                        will probably be based on the V-Indicator turning negative with
                                        the DJI still 2.5% above its 21-dma or the IP21 (Accum. Index)
                                        falling back below its 21-day ma.  Neither condition appears to be
                                        imminent.



                                      

                                                                           Summer Doldrums

                                        I would not be surprised by a small retreat.  After 9 straight up-days,
                                        the DJ finally pulled back a little today.  I would not rule out some
                                        more hesitation.  Since 1965, the DJI has only been able to rally 45%
                                        of the time over the 5 trading days following July 21st.  Tomorrow
                                        may be quiet, simply because a lot of traders like to take Friday
                                        off in the Summer. 

                                        It's true the NASDAQ has not made a new high in here and today
                                        Intel took a hit, thereby bruising SOXL and TECL.  So, by in large,
                                        this still remains a bull market for Bonds, Utilities and REITS...
                                        As long as their uptrends remain intact, I would think that general
                                        market is safe, too.  Only if the Fed changes its collective "dovishness"
                                        will there be a change to this picture.  What we see now is probably
                                        what will get for another four to six weeks.  September tends to bring
                                        trouble for the market.

                                                               QuickSilver - All Stocks

                                        For those who want quick trades, download the FASTUP.exe from
                                        the Tiger Data page.  Change to c:\fastup.  Run the Power Ranker.
                                        Then look at the most "Bullish" from this group.  Require them
                                        to show both Rising Opening and Closing Power, an IP21 greater
                                        than +.15, rising up-day volume (or a decline to and reversal from
                                        the 5-dma) and an AROC greater than 500% for the annualized
                                        rate of change for the 5-day ma.  This is what we came up with tonight.


                                                 Still The Best Three Games in Town... for Now:
                                                             Bonds, Utilities and REITs.

                                        As long as Banks can borrow and borrow for 1% from the Fed
                                        and get 2.5% to 5% on their money from many of the premier
                                        dividend plays, what will cause them to stop supporting the
                                        current market leadership.   (This weekend we will run the Tiger
                                        Power Ranker against these dividend pays and report what we
                                        find.)     

Tiger Index of Bonds

Dow Jones Utilites Index

Morningstar Reits

                                                                  "BOTH UP" Is Good!

                                        Both the Opening and Closing Power are rising for DIA, SPY, QQQ,
                                        and IWM.  In these circumstances, the tendency is for them to rise
                                        at most openings and then rise still further by the close.  How can
                                        we beat that?

                                        The absence of ugly-looking Bearish MINCP stocks also prevents
                                        me from suggesting any short sales. 

                                                Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                          Charts of Key ETFs    

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

                  7/20/2016      Stick with our Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14).
                                                     REITs, Biotechs, Semi-Conductors and Software companies led today's
                                        rally.  Our TECL breakout advanced nicely, too. 

                                        The NYSE A/D Line made another 12-month high.  This is bullish.
                                        Most tops occur only after:
                                             1)  the market shows a bearish breadth divergence,
                                             2) a head/shoulders top appears in the DJI,
                                             3) the DJI's Accumulation Index (IP21) turns negative with the DJI
                                             more than 2% above the 21-day ma, or
                                             4) the V-Indicator turn negative with the DJI more than 2.5%
                                        over the 21-day ma.  None of these conditions is true now.  Our market
                                        is still too strong to sell.  A review of what brings tops from Peerless can be
                                        seen here:
                                                 http://tigersoft.com/Intro/Peerless/index.htm








                                             Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                          Charts of Key ETFs    

                                                                   New Sector Rankings

                                        Another bullish thing I noted tonight is how broad the advance has been
                                        for the last 16 trading days, since the BREXIT bottom.  I have started
                                        to rank the 238 Morningstar sector funds. (This data will be posted for
                                        Tiger Users tomorrow night.  See Morningstar Sectors Rankings.)
                                        Since the bottom 3 weeks ago, no fewer than 111 of the 238 Morningstar
                                        Sector funds are up more than 10%. 220 are up more than 5%.

                                        The Closing Powers and 5-day ma are bullishly rising for DIA and SPY.
                                        We have no new red short-term Sells on them.  It's true Volume could
                                        be higher, but sellers do not know where to concentrate their selling
                                        with the DJI in all-time high territory.  The NET-IDOSC for the DJI
                                        rose some more today.  This is still bullish. 



=====================================================================================
                 7/19/2016       Our cluster of Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14)  
                                        has served us well as the DJI keep rising in the aftermath of the
                                        BREXIT vote.  I see no reason to disturb current long positions. 

DJI

DIA

                                        I was asked about how we can judge the direction of the market
                                        the next day.  There are many elements in this: Peerless signals,
                                        A/D Line trend, Closing Power direction, 5-day ma direction,
                                        Stochastics,  Hourly DJI's OBV/DISI trend, Support, Resistance,
                                        Chart Patterns ... and Net IDOSC on the 30-DJI stocks. 

Hourly DJIA and Trend of OBV/DISI

QQQ's Optimal Trading System is now based on 20-day Stochastic Pct-D Line (Blue)

                                        I'm sure this leaves out many other factors like Seasonality,
                                        Fed pronouncements,  Jobs' Report, world events...  But this is a working
                                        list of what I think about each night in writing this Hotline.

                                        What I want to point out tonight is that our NET IDOSC has turned up
                                        from an oversold-level.  In the past year, such turns upward have predicted
                                        a short-term rally in 18 of 23 instances, a success rate of 78%.  We do
                                        much better than this, trading only such turns-up when Peerless is on a Buy.
                                        I think it is, therefore, significant that the NET IDOSC on the 30-DJI stocks
                                        and the 500 stocks in the S&P have just today turned up from their
                                        near over-sold conditions.  See further below. 

                                            Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                          Charts of Key ETFs    

                                                                    TIGER's NET IDOSC

                                          IDOSC was invented by Marc Chaikin.  Tiger, in 1986, decided to count the
                                          number of individual DJI stocks with rising and falling IDOSC readings
                                          compared to the day before.  The net of these two numbers is the daily
                                          Net IDOSC.  It ranges from -30 to +30 for the DJIA-30.  Its direction
                                          moving from oversold to overbought, and back is helpful day to day.  We
                                          also look for divergences from price, especially after an over-bought or
                                          over-sold reading develops.  One could get the data from TC-2000 just
                                          before the close and run the Net IDOSC to get a better sense of what
                                          to expect the next day. 

                                                       Net IDOSC for DJI-30 (using DIA's chart)



                                                    Net IDOSC for SP-500 (Using SP-500 charts)
 


------------------------------------------------------------------------------------------------------------------------------------------------------

                 7/18/2016       Our cluster of Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14)  
                                        has served us well as the DJI keep rising in the aftermath of the
                                        BREXIT vote.  I see no reason to disturb long positions.  If the
                                        DJI does pullback here, it will probably only retreat to 18300.
  
                                        My guess is that even if it does pull back, SOXL, TECL and
                                        now IWM will still move up.  The width of each trading range that the
                                        DJI breaks out of is very important. The recent breakout above 18300 sets
                                        up a minimum upside objective of well over 19,000.  Of course, something
                                        unexpected could occur to change this rosy picture, but right now it would,
                                        I think, be a mistake not to be quite bullish.   



                                                    Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                          Charts of Key ETFs    

                                                    Price Patterns To Look for When The Market
                                                         Refuses to Sell-Off after a Big Advance.

                                       The DJI and the overall-market are now refusing to sell-off.  They are
                                       hovering near their all-time highs now on reduced volume.  It is
                                       usually bullish when leading segments of the market form compact
                                       trading ranges that can be called "pennants" and "flags". 

                                       It often happens after a long advance that the market only reaches a peak
                                       after some of its leading component consolidate, breakout and then make a
                                       steep, red high volume, final advance,  This was certainly true of the leading
                                       tech stocks in 2000.  But, as you can see here there are just many cases,
                                       probably many more, of these pattern that appear in the middle and even
                                       the early stages of a bull market.  

                                                                          

                                        There is a good chance we will soon see breakouts from a number
                                        of short-term consolidation trading patterns.  This will add to the
                                        gains expected of SOXL and TECL, which recently bullishly broke
                                        above flat tops.  IWM (the ETF representing the Russell-2000) now shows
                                        a beautiful little continuation "flag" pattern.  A close by it above
                                        126 should make it jump to 127 and then 132.  The trading concept
                                        here is that the "flag flies at half mast" and the length of the
                                        most recent quick advance will be repeated on the breakout.
                                        NUGT (the wild-swinging 3x junior gold stock ETF) shows a more
                                        down-sloping flag.
                   
                                       



------------------------------------------------------------------------------------------------------------------------------------------------------

                7/15/2016        Our cluster of Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14)  
                                        has served us well as the DJI keep rising in the aftermath of the
                                        BREXIT vote.  I see no reason to disturb long positions.  We do want to
                                        keep an eye on short-term rates.  As long as they stay in their trading
                                        range, let's give the DJI and SPY every chance to rally further.  Their
                                        breakouts on our weekly Tiger charts which emphasize weekly Tiger Accumulation
                                        really could not look much more bullish.  TECL has achieved a similarly
                                        bullish breakout past 40.   Military stocks benefit from the fact that
                                        both Clinton and Trump are 'hawks'.  Since a rate hike seems unlikely,
                                        Golds, Utilities and Water Stocks should start another advance soo,
                                         

                                            Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                          Charts of Key ETFs    

                                        In Presidential Election Years, seasonality is quite bullish after July 17th.
                                        Since 1968 we see the following patterns.

                                             Presidential Election Years since 1968:                                        
                                                                                        DJI Avg.    Probability
                                                                                          Gain         of a DJI Advance
                                           -------------------------------------------------------------------------------
                                           5 trading days after 7/17       1%              70.8%
                                          10 trading days after 7/17      1%              66.7%
                                          21 trading days after 7/17      1.9%           79.2%

                                           (In the Presidential Election Years between 1932 and 1964, the
                                                          DJI rose 5 times and fell 4.  The biggest gain was the huge rise
                                                          from 45.5 to 67.1 on August 9, 1932.  However, the 4 pre-1968
                                                          Presidential Election Year declines were uniformly 3%-4% in 1944,
                                                         1948, 1960 and 1964.)

                                         If this were not a Presidential Election Year, I would much more
                                         concerned.

                                             Non-Presidential Election Years since 1965:                                        
                                                                                        DJI Avg.    Probability
                                                                                          Gain         of a DJI Advance
                                           -------------------------------------------------------------------------------
                                           5 trading days after 7/17      -0.8%           36.7%
                                          10 trading days after 7/17     -0.3%           51.8%
                                          21 trading days after 7/17     -0.5%           45.7%

                                                              No Sell from Hourly DJIA

                                        Just before last August's big sell-off and before the sell-offs
                                        of January and the BREXIT, the Hourly DJI's DISI/OBV was
                                        making new 2 month lows far ahead of the DJI itself.  This           
                                        is not true now.

 
 
------------------------------------------------------------------------------------------------------------------------------------------------------
               7/14/2016         The cluster of Peerless Buys (Buy B3, Buy B19, Buy B20 and Buy-B14)  
                                        have now taken the DJI up to its 3.6% band.  Simply using
                                        bands around a 21-day ma, we are now as "over-bought" as we
                                        "over-sold" just after the BREXIT vote.  But the Peerless
                                        Buy signals have created a DJI breakout to an all-time high
                                        above a series of tops at 18000 going back more than a year.
                                        Some of you may remember how bullish it was when we had similar
                                        breakouts above 1000-1050 in late 1982, above 2000 in January 1987,
                                        above 3000-3100 in December 1991. above 4000 in March 2005,
                                        above 5000 in November 1996 and 6000 in October 1996.  The DJI's
                                        surpassing a round number like 18000 is, I think, similarly bullish.
                                       
                                        Certainly, with the NYSE A/D Line and Closing Powers for DIA
                                        and SPY in uptrends, I think we have to trust the active Peerless Buys
                                        now.

                                                    Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                          Charts of Key ETFs    


                                        That does not mean there might not be a few down days.  But I
                                        think the trend for quality stocks and major market ETFs is clearly
                                        up and we should not argue with it.

                                        The same cannot be said for bonds.  They are falling back.  So far,
                                        I see no sign that short-term Treasury yields are going to make
                                        new highs.  Utilities and Reits have not sold off, as one might expect
                                        if the FED were about to raise rates.   Rather, I think the decline
                                        in Municipal Bonds for the last week owes to a realization by wealthy
                                        bond holders that they can make more money in stocks.  It may
                                        also grow out of some fears that the Republican Convention next week
                                        will throw a number of sharp criticisms at the FED's policy of low
                                        interest rates. 

                                        Interest rates will, of course, some day go up.  But a lot of people
                                        have prematurely called for this to happen and based their assessments
                                        on the periodic plunges in the Municipal Bond market. 
                                        My view remains that the FED will most likely not dare raise rates
                                        until after the Presidential Election in November.  In any case,
                                        I do not think we have to worry about this until short-term rates
                                        make new 12-month highs.

                           
                                       ,


 

==================================================================================== 
              7/13/2016          The rare cluster of Peerless Buys Buy B3, Buy B19, Buy B20 and Buy-B14)  
                                        have propelled the DJI up to its 3% band.  Will this bring a
                                        reversal back down?  I don't think so.

                                        True, there are lots of such reversals in July.  And true, there were
                                        slightly more stocks down than up as profit-taking hit Bonds and some
                                        dividend stocks.  But that will turn out to be a healthy shift into
                                        more speculative technology stocks, if Peerless is right.  On the positive
                                        side, too, the V-Indicator has turned even more positive, thereby greatly
                                        reducing the chances of a Sell S9V.

                                                  Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     Bearish MINCPs 
                                          Charts of Key ETFs    

                                        Low volume - a problem?  It hasn't been so far this year.  Breadth
                                        is more important.  The low volume on the NYSE is being made up by
                                        overseas' buying of US stocks.  The causes for this transfer of investment
                                        capital are not about to quickly change.  And, in any case, NYSE Volume
                                        may not be high, but Down Volume there is even lower and now falling
                                        rapidly.


                                                 A DJI Breakout Is Slowly Emerging,
                                           to the Amazement and Disbelief of Many.
                                           That's partly why the DJIA may reach 20,000 by
                                           Election Time.  The present Bears and Skeptics must
                                           be converted into buyers before there can
                                           be a real top.




                                        The more the DJI and the SP-500 can advance, the better their
                                        breakouts above flat tops look on their weekly charts.

Weekly DIA - Look at all the Accumulation!

Weekly SPY - Look at all the Accumulation!

                                                                        Two Bullish Plays

                                        For this market to have "legs" and show it can keep rising,
                                        we probably do need to see technology stocks breakout above their
                                        recent tops.  I would like to see SOXL (3x semi-conductors)
                                       and TECL ( 3x technology) get past their flat resistance levels.
                                       Even if it broke out, SOXL would still have more resistance at
                                       40.  See how it now shows the very bullish "BOTHUP" condition
                                       (both Opening and Closing Power are in rising trends) and it has a
                                       flat ("easy to sell") set of tops. 

                                       Even more bullish is TECL.  It would score an important all-time,
                                       flat top breakout if it can get past 40.  Professionals are quite
                                       busy buying it now, judging from the way its Closing Power is running
                                       to new highs ahead of its price action.  I would Buy TECL in anticipation
                                       of a surge past 40. Remember the Tiger adage: "Flat tops beckon
                                       for a breakout in a bull market."  

SOXL - daily

TECL - daily

TECL - weekly

 


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

             7/12/2016          Let's Watch Volume Closely.  The market is likely to
                                       pause now.  But I think we have to remain bullish for the same
                                       reasons mentioned yesterday.

                                              (1) the current cluster of Peerless Signals
                                                                (Buy B3, Buy B19, Buy B20 and Buy-B14)
                                                            (2) the rising Closing Powers for DIA, SPY and QQQ,
                                                            (3) the steeply rising NYSE A/D Line,
                                                            (4) Friday's unusually high ratio of up to down volume
                                                            and its power to prevent subsequent S9vs as well as its
                                                            unusual reliability.  (See again all the cases of this here since 1965.)
                                                           (5) a puzzlement, what would we go short?  All the Bearish MINCPs
                                                           now are shorts of general market ETFs.
                                                          (6) the Fed dares not raise rates.

                                       NYSE volume was again low. but the DJI made an all-time high
                                       today.  To be successful, such breakouts ordinarily require a surge
                                       in trading volume.  Today's volume improved on yesterday's and
                                       the Peerless V-I even jumped into positive territory, but new research
                                       done tonight on yesterday's Buy B10 (a DJI close above well-tested, flat
                                       resistance) makes me again doubt how much higher the markets can
                                       go right now unless volume rises.  Yesterday, the Buy B10 occurred
                                       with a V-Indicator reading of only -30. 

                                       There have been 5 earlier cases of Buy B10s with accompanying
                                       negative V-I  readings.  Only in one instance did the DJI subsequently
                                       gain more than +1.6% when reversed.  Twice there were small losses.
                                       What's worse is that the IP21 reading yesterday, when the B10 occurred,
                                       was only +.039.  This is quite a bit lower than in any of these 5 cases.
                                
                                       Just by itself, I would say that this argues for a pullback.  But the six
                                       bullish considerations mentioned above are weightier. In addition, the
                                       fact that the DJI is now at an all-time high is also an important consideration. 
                                       When prices start running in all-time high territory, sell orders are not
                                       usually bunched at key price-levels.  In this environment, it's difficult
                                       to know where to see.  So, prices usually keep rising more easily. 
                                       We have not yet escaped the gravity of 18000, but a few more good
                                       days would accomplish that.

                                       Let's just watch and see what happens tomorrow.  Utilities, bonds and
                                       golds fell to profit-taking while Chinese, foreign and oil/gas stocks
                                       came on strong. 




                                                 Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs     No stock Bearish MINCPs 
                                          Charts of Key ETFs    

                                                    
                                             Buy B10s with negative V-I Readings
                                             should not be considered Buy B10s.
                                             That is the conclusion the new research points to.

                                   There were 5 earlier cases where Buy B10 showed a V-I that
                                   was less than 0.  None of these had nearly as low an IP21 level, as in
                                   our present case, a  +.039.

                                   Yesterday's Buy B10
                                   7/11/2016     VI=-30  (negative)           IP21 = +.039 (unusually low)

                                    Earlier B10 Cases where V-I was negative

                                                             V-I          Gain       IP21
                                         ----------------------------------------
                                         3/16/1950    -22          +.061     +.203
                                         6/11/1957   -216         +.015     +.063
                                         3/4/2005      -15          -.003      +.093
                                         3/14/2012    -24          -.005      +.069
                                         9/18/2014    -28          +.011      +.103
                                         ----------------------------------------
                                                              Avg. =   +.016

                                                  July Buy B10s                Gain
                                                  19640706      B10      + .112
                                                  20070712      B10       + .006
                                              ---------------------------------------
                                                                        Avg =    +.059 (just one week before major S9 at market top.)

                                        CXV (Chevron) Is Our New "Tahiti" Stock in the DJI.


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

                 7/11/2016      NYSE Volume is low, but the advance continues most steadily.
                                       A DJI breakout move, such as one above 18300 this week,
                                       would normally require a big increase in daily volume.  We
                                       see no signs of that. 


                                       I would not turn bearish because of the low volume now.
                                       We see a world-wide advance.  The US market is rising
                                       because of overseas' and Futures' buying in the trading
                                       before the NY market opens.  Even if there is a weak opening,
                                       the odds favor NY Professionals supporting the market after
                                       an early decline. 

                                       As long as the Hourly DJI's DISI/OBV does not start to show an
                                       extreme bearish divergence from the DJIA itself, as it just did before        
                                       the last 3 breaks in the market, I think we have to accept the
                                       bullishness of
                                            (1) the current cluster of Peerless Signals
                                                                (Buy B3, Buy B19, Buy B20 and Buy-B14)
                                            (2) the rising Closing Powers for DIA, SPY and QQQ,
                                            (3) the steeply rising NYSE A/D Line,
                                            (4) Friday's unusually high ratio of up to down volume
                                            and its power to prevent subsequent S9vs as well as its
                                            unusual reliability.  (See again all the cases of this here since 1965.)
                                            (5) a puzzlement, what would we go short?  All the Bearish MINCPs
                                            now are shorts of general market ETFs.

                                                         How Can The Market Keep Rising?

                                       Put yourself in the place of someone who can borrow unlimited funds
                                       for 1/2% or less.  What would you do?  All around the world rates are very, very low.
                                       As David Stockman says:
                                                "When you put interest rates at zero, you’ll buy anything that’s
                                                going up and fund it with zero cost money. You will buy anything with a
                                                yield and fund it 98 percent, $0.98 on the dollar with zero cost money.
                                                So what this is, is a gambler’s dream. The 1 percent are just laughing
                                                all the way to the bank."
                                                   http://davidstockmanscontracorner.com/david-stockman-were-blind-to-the-debt-bubble-pbs/         
                                            

                                                    Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs      Bearish MINCPs 
                                          Charts of Key ETFs    

                                       
                                                     The Myth of Higher Rates!
                                What Might Happen if the FED Really Did Raise Rates?

                                        I get the feeling that the FED keeps talking about the possibility
                                        of raising rates for three main reasons:
                                             (1) to satisfy stubborn "hawks" that it still listens to their concerns,
                                             (2) to try to keep the bond and dividend stocks' bubble from blowing up
                                             even faster and, most important,
                                             (3) to keep up the pretense that it is still willing to raise rates.

                                        But I don't think it dares.  The January sell-off showed what would
                                        happen if it even looks in that direction.  It could not handle a bigger sell-off.
                                        It has no monetary tools left.

                                        Most Americans are in no position to ride out even a recession.
                                           http://theeconomiccollapseblog.com/archives/tag/debt-bubble

                                        Moreover, at this juncture, it would make the publicly super-bearish
                                        Donald Trump look like a "seer".  A Crash would surely elect him, something
                                        Wall Street, in general, is not willing to chance.

                                        But there's more than that.  If they raise interest rates, bonds could
                                        collapse.  Interest rates might rise uncontrollably.  So would the
                                        cost of maintaining the US Debt.  There would then be little the FED
                                        could do but to print lots of money to pay off its debt.  Around the
                                        world, the same scenarios would all occur at once.  What a mess!

                                        
                       

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

                 7/8/2016        Peerless Buying Cluster Predicts Breakout.  If Breadth
                                       stays super-positive, a DJI target above 20,000 becomes
                                       reasonable.  Are Wall Street and Washington working
                                       together to make sure Trump does not become President?
                                       That would be my guess... 

                                       The DJI will need to muscle past 18300 with superb breadth
                                       and much improved volume.  But let's give it a chance; a
                                       Buy B14 like the one we got Friday properly over-powered
                                       and prevented a Sell S9v in mid-2009.
                                      



                          
                                      The huge jump in the monthly Job's report boosted the
                                      DJI 250 and 140 points above the 18000 round number
                                      resistance.  It is still a few points below its high last July.
                                      The ratio of NYSE up-volume to down-volume was 19:4.
                                      This brought a new Buy B14 Friday and not a Sell S9V
                                      even though the DJI closed 2.1% over the 21-day ma
                                      with the Peerless V-Indicator still negative. 
                                          Buy B14 history -
                                          http://www.tigersoft.com/PeerInst-2012-2013/-Buy-B14.html

                                      A 19.41 or higher ratio of NYSE ratio Up Volume to Down Volume
                                      often starts very big advances.  See all the cases here since 1965,
                                      when such data was first reported.  These Buy B14s seem to
                                      always work when the DJI is not considerably below a falling
                                      21-day ma.  Often they call very big advances.

                                             Sell S9V? Friday's Buy B14 Prevents It for A Week

                                      We do have to worry about getting an S9V in the days to
                                      come.  The S9V occurs because the DJI closes 2.4% over the 21-day
                                      ma with the VI negative.  With this signal, the P-I and IP21 do not
                                      factor in.  But careful consideration shows the following
                                      conditions should probably be applied.  Because we had a Buy B14
                                      on Friday, a Sell S9v cannot occur for 5 days. 
                                  
                                          The data below show that we want to better refine the S9V by:
                                                             1)   excluding cases after 9/16
                                                             2)   excluding cases where ANROC is below .170
                                                             3)    excluding case where ANROC is above .648
                                                             4)   excluding case where the ratio of Up Volume to Down Volume was greater
                                                                 than 18:1 in last 5 days.    This prevents the S9V on 7/16/2009 where the
                                                                 day before there had been a Buy B14.  Without this exclusion, we
                                                                 would have missed the very big advance that started with the
                                                                 Buy B14 of July 15, 2009.  See this 2009 chart just below.

                                                                           2009: Buy B14 Prevents Sell S9V on 7/16/2009

                                               
                                      
                                       Presently the key values for the DJI are now:

                                       LA/MA       ANNROC     P-I   V-I   IP21   OPMA    65-day Pct Change
                                                    ----------------------------------------------------------------------------------------------
                                                   1.022 (low)   .095 (low)     216   -59   .054    -.094        .024


                                                   
                                           Charts:   Peerless DJIA  Hourly DJIA    DIA 
                                                    SPY  QQQ   IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs      Bearish MINCPs 
                                          Charts of Key ETFs    


                                                        
                                                                 Are the Fed and The Labor Department
                                                  Conspiring To Make Donald Trumps' Talk
                                                  of A Stock Market Crash Look like More
                                                  of His "Crazy Talk"? 

                                                      They definitely do not like such talk.
                                                  What Better Way To Defeat Him Than To
                                                  Make The DJI Advance To 20,000 by November?
                                                                 

                                                    Volume is low but breadth has been superb.  Note that the Opening
                                       Powers (showing Public net buying) are falling while all the major
                                       ETFs Closing Powers are rising (showing strong and steady Professional
                                       buying.  I suspect Professionals believe that the Federal Reserve
                                       does not want rogue Donald Trump to win the Presidency and
                                       they are going all out to show that his predictions of an economic
                                       collapse are wildly off.  Adding to my sense that there is an Establishment
                                       conspiracy is how wildly the Employment numbers changed.  We are
                                       told that the Jobs' number for May was 11,000 and somehow the
                                       Jobs'  number for June was 287,000.   How can we interpret these
                                       wildly swinging numbers other than that they are serving a political
                                       purpose.

                                        The Weekly Charts of DIA and SPY Look Very Bullish.
                                            - Steadily High Accumulation.
                                            - Very High Current Accumulation - Weekly Tiger Buy B12s
                                            - Flat Top making premature profit-taking tempting and easy.
                                            - Lengthy Consolidation.
                                            - Impending Breakout
 

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

                 7/7/2016      The shootings are terrible and tragic.  But urban
                                     unrest and mass demonstrations do not usually spook
                                     the market, unless they occur right on Wall Street or
                                     in Washington, D.C. 

                                     The DJI shook off a 100 point decline today and fell back
                                     only 23.  Again there were more up than down on the NYSE,
                                     though many of the leading Golds and Utilities were hit with
                                     profit-taking because of the uncertainty that tomorrow's June
                                     Jobs' numbers brings.

                                     Peerless remains on Buy signals: a Buy B3, a Buy B19 and a Buy B20
                                     The NYSE A/D Line made another new 12-month high, thereby
                                     placing it bullishly far ahead of where the DJI's price are.  The
                                     Closing Powers for DIA and SPY are rising.  The Hourly DJI's
                                     OBV/DISI is also still in a short-term uptrend. 

                                     But waiting to buy the ETFs again still seems best.  Most of the Red 5-day
                                     Stochastics for the major market ETFs show Sells.

                                     There is probably still a lot of resistance at 18000.  Waiting for a retreat
                                     and new red Buys would give us more "head-room".  At that point,
                                     I would think the DJI will be positioned to more profitably move
                                     above 18000.  Unless, the Jobs' numbers are very good, I would think
                                     that we should probably wait to buy again, until we see more red
                                     short-term Buys.  As it is right now, a 250-300 point DJI jump will most
                                     likely bring a Sell S9V.

                                           Charts:   Peerless DJIA  Hourly DJIA  DIA 
                                                    SPY  QQQ  IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs       Bearish MINCPs  
                                          Charts of Key ETFs   UDOW, SDS, EURL
                                                   (See red arrows on these charts.)

                                              June Jobs' Numbers

                                     Tomorrow's June Job numbers might be able to un-stick the DJI
                                     from its narrow range 17500-18000.  See how flat the 65-day moving
                                     averages have become for the major indexes.

                                     A really positive June Jobs' number, above 200,000, would likely give the
                                     market an upward surge.  Very quick traders can play that, as it would
                                     suggest that last month's very low number of 39,000 was a misleading "fluke". 
                                     Since the FED has already indicated that they would not be raising rates in July
                                     because of the BREXIT vote, I would take a number like 225,000 to be
                                     very bullish short-term for the market as a whole.

                                     On the other hand, a very low number, one below 50,000, would push
                                     up Utilities and Gold Stocks, because it would mean the FED will almost
                                     certainly do nothing to raise interest rates.  You recall how last month's
                                     meager 39,000 new jobs gave an immediate lift to the Bonds, Utilities and
                                     Gold stocks because it showed the Fed could not safely raise rates for fear of
                                     pushing the US economy over the edge into a recessionary trend. 

                                     When the number comes out tomorrow, plug it into the June 2016 cell in the
                                     table below.   See that I show the monthly numbers in red when they are were
                                     below the same month's figure from a year earlier.  Nine of the last 12 months have
                                     been red.  This definitely shows a weakening US economy. Back in 2007, the
                                     July 17th top occurred after 10 of the previously reported 12 months were
                                     lower than a year before.  The July 2007 number, which was reported in early
                                     August of that year, was actually negative.  No one is expecting this low a number
                                     tomorrow, but it's hard to make a case for much of a surge in stocks prices
                                     from Jobs' numbers' in a declining trend for the last year.

                                     I would think that any June number below 100,000 would be problematic
                                     for the market.  While such a low number would help ensure that the Fed does
                                     not raise rates this month, it would also show that the US economy is
                                     too weak to allow much profits' growth and thus warn that a Recession is not
                                     far away.  By August 2016, we may again be looking at 10 of 12 falling monthly
                                     numbers, comparing the current month with the same month a year before.

                                     Perhaps, as in 2007, there will this year be Summer Rally's spike up to the upper 3.5%
                                     band.  If the V-Indicator remains quite negative, this could easily bring a Peerless
                                     Sell S9V.  We should trust such a signal.  There is a strong historical tendency
                                     for Summer Rallies to fail.  I showed this last night.  We might, however, also
                                     wait for the NYSE A/D Line uptrend to be broken.
                            

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

                7/6/2016               The basics here remain the same as last night:
                                    The operative signals remain a Buy B3, Buy B19 and Buy B20. 
                                    These Buys would seem to apply best to the Bullish MAXCPs and the highest
                                    relative strength New Highs in the strongest groups (JNUG for example).
                                    Because of the overhead resistance, some of us will want to wait for another
                                    pullback to buy DIA and SPY.

                                    However, it sure seems that the DJI wants to get back above 18000.  That's what
                                    the Peerless Buy signals are telling us.  There are 15 times more MAXCPs
                                    than MINCPs.  Tonight all the Bearish MINCPs are short ETFs.
                                    The Closing Powers for DIA and SPY keep rising, showing that early
                                    weakness from overseas trading can be reversed given some reason.  In
                                    addition, the Hourly DJI is rising nicely now. 

                                    I think this means that as long as the NYSE A/D Line is rising, there will
                                    not be much of a decline.  But the upside also appears limited for the DJI.
                                    Any 2% DJI rally from here will probably find the Peerless V-Indicator negative. 
                                    That will produce a Sell S9v.  (The V-I is the the 21-day ma of  85% of Advancing
                                    NYSE Volume less 100% of Declining NYSE Volume.) 

                                    While, there is always talk of a Summer Rally, my studies of July price breakouts
                                    below suggest the odds are only 1 in 3 of such a breakout succeeding.  It
                                    would therefore, seem, better to wait for a little more of a retreat to buy the
                                    major market ETFs again.  Perhaps, in a week, we may start getting Red Buys
                                    from them again.

                                    Today one of the Federal Reserve's many spokesmen told investors.
                                    that there would almost certainly not be a rate hike in July because
                                    the Fed wants to wait until overseas markets settle down after the
                                    BREXIT vote.  (This hardly comes as a surprise.)  Friday we get the June Jobs'
                                    numbers.  Let's hope the number of new jobs are above May's.  The FED has no
                                    ammunition left to bolster a weakening economy and Congress has little inclination
                                    to provide fiscal stimulus.   

                               Charts:   Peerless DJIA  Hourly DJIA  DIA 
                                                    SPY  QQQ  IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs       Bearish MINCPs  
                                         Charts of Key ETFs 


                            July Breakouts and Well-Tested Resistance Challenged in July

                       I reckon the historical odds are about 2:1 against a successful price breakout
                       in July, even when the A/D Line is confirming the price action.

                       Since 1929, there have been 7 July price breakouts.  3 times the
                       DJI fell back from well-tested overhead resistance that is comparable
                       to what we see now.  And 10 times the DJI made a brief breakout
                       and then fell back.

                       The A/D Line is very strong now, stronger than in any of these earlier
                       cases.  But considering where the A/D Line was confirming: there were
                       3 breakouts, 2 retreats from resistance and 5 false breakout even though
                       the A/D Line was confirming the DJI's strength on the breakout.

   Breakouts (7)
      1929 - lagging internals.  FED injects money through Open Market buying Govt securities.
      1936 - A/D Line lagging.
      1938 - A/D Line lagging.
      1980 - A/D Line Confirming.  
      1987 - A/D Line lagging.      Finally A/D Line trend-break
      1989 - A/D Line Confirming
      1992 - A/D Line Confirming

   Challenges and retreats from very well-tested resistance   (3)
      1976 - A/D Line uptrend break
      1991 - A/D Line uptrend break
      1996 - A/D Line lagging.

   Breakout Failures (10)
      1947 - A/D Line lagging and then A/D Line uptrend break.
      1952 - A/D Line lagging and then A/D Line uptrend break.
      1957 - A/D Line lagging and then A/D Line uptrend break.  Sell S9
      1959 - A/D Line lagging and then A/D Line uptrend break.  Sell S9
      1964 - Confirming...A/D Line uptrend break

      1967 - Confirming...A/D Line uptrend break.  Later ... Sell S9 
      1975 - Confirming...A/D Line uptrend break
      1978 - Confirming...A/D Line uptrend break     
      1985 - Confirming...A/D Line uptrend break
      1990 - A/D Line lagging and then A/D Line uptrend break.  Sell S9
     
 
===========================================================================

              7/5/2016        The operative signals remain a Buy B3, Buy B19 and Buy B20. 
                                    These would seem to apply best to the Bullish MAXCPs and the highest
                                    relative strength New Highs in the strongest groups (JNUG for example),
                                    more than to the DJI, SP-500, QQQ, IWM and the various country funds.

                                           Super-imposed Numbered Peerless signals and Red Tiger Signals



                                    Having met overhead resistance, many of the major market ETFs
                                    must now fall back.  Because of the excellent breadth and
                                    buy signals, expect only a limited decline in the strongest groups.
                                    We will be watching our Short-term Red signals to see when the
                                    ETFs' decline is likely over.                                     

                                    The DIA and SPY are on a short-term red Sells.  So are 2/3 of the major
                                    market and country ETFs.  See the list below.  A successful DJI
                                    retest of 17500 or a decline limited to three days could be quite constructive,
                                    if it permitted the DJI's internals to all be positive if the DJI
                                    can surpass the 18000 resistance.                

                                     The continuing strength in Gold/Silver stocks, Utilities and Water
                                     Stocks shows the the market is again in a defensive mode.  Each
                                     breakout after a consolidation starts the Gold/Silver stocks up on
                                     a new run, Darvas style.  I hope you have played the Utility rally.
                                     See how the highest Pct.Up (percentage of daily advances for the year)
                                     are highest in the Water Stocks: AWK (63.5%),CWT (62.2%), WTR (61%). 
                                     But general two utilities also rate high on this score: PCG (61%) and
                                     PNM (61%).                                    

                                    With the major market indexes unable to make new highs and struggling
                                     to stay above their 65-dma, I have suggested we use the short-term Red
                                     Buys and Sells.  As we expected last night, today's weakness brought
                                     a number of new Red short-term sells:

                                                   Signal      Gain/Yr    System             CP         5-dma
                                          DIA   Sell!      +23.2%   50-d K-Line    Rising   Rising
                                          SPY   Sell!      +35.3%   14-d K-Line    Rising   Rising
                                          QQQ Buy       +40.1%   20-Pct-D         Rising   Rising Just below 65-dma
                                          IWM Sell!      +40.5%   14-d K-Line    Rising   Rising
                                          BRZUSell!     +855.7%  5-d K-Line     Rising   Rising

                                          EWG  Buy      +65.1%   5-Pct-D           Rising   Rising ITRS=-11
                                          EWI    Buy      +73.0%   14-Pct-D         Rising   Rising ITRS=-16
                                          EWU   Sell!     +159.6%  5-d K-Line     Rising   Rising ITRS=-.068
                                          FAS     Sell!      +88.2%  5-d K-Line                    Falling ITRS=-.112
                                          OIH     Sell!     +128.9%  5-d K-Line                   Rising ITRS=-.017

                                          RSX     Sell!      +62.6%  5-d K-Line     Rising    Rising ITRS=+.007
                                          SOXL  Buy      +309.3%  20-Pct-D        Falling   Rising ITRS=-003
                                          TECL  Buy      +131.9%  14-Pct-D        Rising   Rising ITRS=-018
                                          VGK   Sell!       +98.1%  5-d K-Line     Rising    Rising ITRS=-.083
                                          YINN   Sell!     +147%   21-RSQma      Rising    Rising ITRS=-.067
                                          -----------------------------------------------------------------------------------------
                                                      10 Sells and 5 on Buys.


                                                                   1992 British Pound Plunge's Effect on DJIA
                                                                           8%-9% Correction from High
                                                                 This was also in a Presidential Election Year.
                                                         (Details: https://en.wikipedia.org/wiki/Black_Wednesday



                                                         What's Ahead?  More of The Same!

                                    The Bank of England is assuring investors that it stands ready to
                                    provide lots of liquidity even if the Pound falls further and even as
                                    more UK real-estate funds panic and refuse to allow investors
                                    to pull out their money.  This will further weaken the Pound
                                    and seems bound to bring more "hot" European money into US bonds,
                                    utilities, Reits and Gold.  What you are seeing now should continue
                                    until the end of the year.  But next year could be ugly.

                                                        The Market May Have Four More Years
                                                        of Gridlock.  With the FED out of monetary
                                                        ammunition to save the market from a big
                                                        decline, next year could be pretty awful.

                                    Today Queen Hillory escaped criminal indictment for her careless disregard for
                                    national security.  If Trump could show restraint and not keep alienating
                                    new groups of Americans almost each day with ill-considered shots
                                    from the hip at minorities and women, he could become President.
                                    But what we saw of him in the primaries was apparently no act.  So,
                                    Hillory will probably be the next President.  This should make Wall
                                    Street happy for a while.  It should bring an August and an end-of-the
                                    year Partisan rally.   But neither candidate inspires trust.  And without trust,
                                    there can be very little leadership.  So, I expect another 4 years of grid-lock
                                    I doubt if the US can afford another 4 years of grid-lock. 

                     

                                                                             

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

               7/4/2016        The operative signals now are Buy B3, Buy B19 and Buy B20. 
                                     The A/D Line roared to a new high far ahead of the DJI.  With breadth
                                     this good, we do not want to sell too soon.  Now that it's July, there
                                     is precedent for a breakout in the Presidential Election Year. Seasonality
                                     is bullish.  Since 1965, the DJI has risen 67% of the time over the 5 trading
                                     days after July 4th and 61% over the next month. 

                                     The DJI is now 1.1% over its 21-dma. Another 200 point rally would
                                     bring the DJI up to the top of its resistance zone and to the 2% upper
                                     band.  Such a move could bring a Sell S9V, since the V-I is still negative.

                                     A short-term pullback now could be constructive if it allows the V-I to
                                     turn positive.  However, seasonality is bullish.  Since 1965, the DJI has risen
                                     67% of the time over the 5 trading days after July 4th and 61% over the
                                     next month. 

   


                                                        A Short-Term Pullback?                                    

                                     The "Fast-Fivers" below show 13 Red Buys and 7 Sells.  However, there are
                                     8 in this group that could easily switch to Sells on Tuesday. 

                                     Banks turned weak on Friday.  Deutsche Bank is the weakest.  This
                                     gives Bears ammunition.  Deutsche Bank's US operations have failed two
                                     "stress tests".  We also watch the Big Banks closely because of 2007-2009
                                     and now because of their holdings in Sovereign Bonds from financially
                                     troubled Greece, etc.  JPM, MS and WFC gave red Sell on Friday.
                                     We pay special attention to Bank Stocks because they are the most
                                     closely correlated to Peerless and the DJIA. So, seeing DB and GS make
                                     new lows this week would definitely be scary and reminiscent of 2007-2008.

                                     Expect London banks and insurance stocks to show weakness. I mentioned
                                     a week ago that London's real estate bubble might be broken.  See tonight's
                                     NY Times article on the subject.  Apparently a big insurance company will
                                     no long allow investors to withdraw funds invested in its Commercial Real Estate
                                     fund. Click on Standard Life Fund Halts Withdrawals After 'Brexit' Vote By LANDON THOMAS Jr.

                                              Charts:   Peerless DJIA  Hourly DJIA  DIA 
                                                    SPY  QQQ  IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs       Bearish MINCPs  
                                          Charts of Key ETFs 

                                                 

                                                          "FAST-FIVERS"  - Those ETFs/Stocks
                                              that give red Buys and Sells based on K-Line turning
                                              up from below 20 and above 80, respectively.  These
                                              are the most sensitive trading vehicles at this time.
                                              The other 5-day Stochastics are short-term, too, but
                                               it takes more of reversal to give a signal.

                                               We want to use red Stochastic Buys and Sells is
                                               trading range markets mostly and when other
                                               technical conditions are most favorable.  Buys, for
                                               example, are best made at support and when there
                                               has recently been a bulge of Accumulation.  Very
                                               weak Closing Power and Heavy distribution favor
                                               the red Sells.  Relative Strength should be factored
                                               in, too. The beauty of Tiger is that you can scan a
                                               a directory of stocks and get a list of all the stocks
                                               with new Red Buys or Sells, what system is used and
                                               what the track record is.
                                                   Peercomm + Older Charting +  Run/Setups +
                                                                    Run Best Indicators + OK + X
                                                                    Peercomm + Charts-2016 + Tiger Selections + #1 Indicators' Results

                                              See BRZU below.  It was recommended here based on its
                                              excellent momentum, internals and the expectation that there
                                              would be a market rally due to the Peerless Buy B3. 

                                              We would  have done even better buying BRZU at the close
                                              on June 27, the day of the Buy B3 at 79.16 instead of
                                              buying it at the opening the next day, which was 85.66.
                                              This slippage is very common with the short-term Red
                                              Buy and Sells.  Over a year, there is a big difference in the
                                              results: Buy on the close of the day the red Buy with
                                              BRZU and selling on the close of the day of the next
                                              red Buy would have gained a trader 396%,  Trading at
                                              the next day's opening would have still gained 191% with
                                              75% of the trades being profitable.  This shows the advantage
                                              of running Tiger yourself, but further below I list the
                                              FAST-FIVE K-Line values tonight, to illustrate how one
                                              can trade on the close the same day as the signal.

                                              The 5-day Stochastic Buy/Sell systems are the most likely
                                              to be the optimum system when you look at large numbers
                                              of stocks.  But the 5-day Stochastics are not always the
                                              best and when a stock starts a powerful new uptrend, the
                                              5-day Stochastic Sells appear too early and vice verse
                                              when prices start a severe downtrend.  In all of 2015, BRZU's
                                              system was the same optimized system that it is no.  But
                                              in 2014, this system failed repeatedly because of broken
                                              support levels and because the Relative Strength ITRS
                                              was either above a +.30 to use a Red Sell or below -.30,
                                              thus making a Red Buy unsafe.

                                                               Red Buys Work Best
                                                    When Peerless, Momentum, Internals
                                                    and Relative Strength Are Favorable.


                                              
                                                
                                             

                                          The graphs linked to here are not updated.

                                                                       7/1/2016

                                                                            Gain      5-day K  Tomorrow?
                                                   OKS     Buy      249%        90       Sell possible.  +.28 today
                                                   DZK     Buy      236%        97       Sell possible.  +.56 today
                                                   AKBA  Sell       207%        78       No buy is possible...
                                                   SLCA   Buy       210%        98       Sell possible.  +1.05 today
                                                   EWU    Buy       154%        95       New Red Sell  

                                                   IPGP    Buy        143%       75       No sell is  possible...                                                  
                                                   CXO    Buy        115%        66       No sell is possible....
                                                   ITT       Buy        122%        66       No sell is possible....
                                                   CRZO  Buy         113%       85       Sell possible.  +.83 today
                                                   DO       Buy         134%       98       Sell possible.. +1.09 today

/                                                  VRTX  Buy          108%       92     Sell possible tomorrow +1.72
                                                   ATW    Buy         145%        95     Sell possible tomorrow +1.14
                                                   SAN     Sell           90%        86     New Sell  -.01 today
                                                   ERX      Sell          109%       95    New Sell  +.48 today 
                                                   BEAV   Buy          89%         78     No Sell possible...

                                                   FAS      Sell           82%         89    New Sell  -.28 today
                                                   TGA     Sell           75%         71    No Buy possible
                                                   MA       Buy          65%         24     No sell possible
                                                   MSFT   Sell           44%        85     New Sell  -.01 today 
                                                   JPM      Sell            42%        82    New Sell  -.88 today
                                                   ---------------------------------------------------------------
                                                   Totals                           13 red Buys  7 red Sell
                                                                                       8 could give Red Sells if their 5-dy Stoch.K-Line falls tomorrow.

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

                6/30/2016     The operative signals now are Buy B3, Buy B19 and Buy B20. 
                                     Relax and enjoy the rally.  CVX (our Tahiti stock), UCO, BRZU and
                                     the ETFs on RED buys have done quite well.  Some of these ETFs
                                     have reached over-sold status.  If they give red Sells tomorrow, I
                                     would take profits in them.

                                             NYSE A/D Line made a 12-month high
                                             ahead of the DJI.  The FED is probably on hold
                                             and US bonds and utilities look like a good place
                                             to park EUROs and POUNDS in light of
                                             continuing weakness in both.



                                             Super Breadth: US Stocks Are The Place To Be, Apparently
                                             and The FED will do its best to boost the market for the
                                             remainder of this Presidential Election Year,  With July
                                             will come the historical possibility of a DJI new high, as
                                             in 1964 and 1980.

                                    The ratio of NYSE advancers to decliners was better than 3.75 today.
                                    Tuesday and Wednesday this week, this ratio was above 5:1.  Three
                                    such consecutive good days has not occurred since 1950.  It has only
                                    been seen on seven earlier occasions.  In each case the DJI rose at least
                                    10% more over the next 4 to 16 weeks.  Only twice (2/7 or 28.6%) was
                                    there a retest of the lower band before the big rally.  The risk:reward ratio
                                    now looks quite favorable.  Continue to hold long positions and phase
                                    out most short sales, especially those whose Closing Power breaks above
                                    its downtrendline. 

                                    Earlier Cases of 3-StraightExtremely  Good Breadth Days

                                           10/25/1934  Pullback but 18% rally in 2 months.
                                           6/   /1938 No pullback. 12% rally in one month.
                                           9/  /1938  Pullback and then 12% rally in six weeks.
                                           9/30/1938 No pullback. and 10% rally in six weeks.
                                           8/27/1945  No pullback. and 14% rally in 14 weeks.

                                           7/ /1950    Shallow pullback and 10% rally in 4 months
                                           11/9/1950   Shallow pullback and 10% rally in 3 months                                 

                                           Charts:   Peerless DJIA  Hourly DJIA  DIA 
                                                    SPY  QQQ  IWM 
                                                    DJI-Utilities   DJI-Rails   A/D Line-6000 Stocks
                                                    Crude Oil  SOXL  TECL
                                                    Major Indexes and A/D Lines.  
                                                    Key Tiger Software ETF Charts
                                                    Bullish MAXCPs       Bearish MINCPs  
                                          Charts of Key ETFs 

                                                 

                                                          "FAST-FIVERS"
                                          (See discussion of last night for background.)

                                          The graphs linked to here are not updated.

                                                                            Gain      5-day K  Tomorrow?
                                                   OKS     Buy      246%        79       No sell possible tomorrow.
                                                   DZK     Buy      232%        96       Sell possible.  +1.29 today
                                                   AKBA  Sell       209%        61       No buy is possible...
                                                   SLCA   Buy       202%        91       Sell possible.  +.27 today
                                                   EWU    Buy        154%       98       Sell possible.  +.40 today

                                                   IPGP    Buy        143%       39       No sell is possible...                                                  
                                                   CXO    Buy        115%        39       No sell is possible....
                                                   ITT       Buy        115%        36       No sell is possible....
                                                   CRZO  Buy         112%
                                                   DO       Buy         124%       60       No sell possible... 
 
                                                   GMT    Buy          110%      61       No sell possible...
/                                                   VRTX  Buy          107%       91     Sell possible tomorrow +1.02
                                                   ATW    Buy         102%        86     Sell possible tomorrow +.12
                                                   SAN     Buy          93%        97       Sell possible.  +.03 today
                                                   ERX      Buy         106%      100    Sell likely tomorrow +.77
 
                                                   BEAV   Buy          90%         70     No Sell possible...
                                                   FAS      Buy          85%       100    Sell likely tomorrow +.94
                                                   TGA      Buy          75%        67    No Sell possible
                                                   MA       Buy          64%          8     No sell possible -4.07
                                                   MSFT   Buy           48%        96   Sell possible... +.63
 
                                                   JPM      Buy           44%        99   Sell possible ... +.94
                                                   ---------------------------------------------------------------
                                                   Totals                           20 red Buys  1 red Sell
                                                                                       8 could give Red Sells if their 5-dy Stoch.K-Line falls tomorrow.
                                                                                       2 have a K-Line value of 100.  K-Line will fall unless they show
                                                                                       extreme strength and close at day's high.  With these, I think
                                                                                       I would wait an additional day.