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                                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   2013  2013-2014   2014   2014-2015
              2015   2015-2016

-----> More HELP LINKS
              Documentation for TigerSoft Automatic and Optimized Signals.
              How reliable support is the DJI's rising 200-day ma? 

              SPY Charts since 1994: Advisory Closing Power S7s, Accum. Index, 65-dma, Optimized Signals.
 
          ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^


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

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             Our Different Signals
                       
Better understand the difference between Peerless DJI-based signals,
                                        the one-year optimized red Signals and the fixed signals based
                                        on technical developments.

                              
Introduction to Tiger/Peerless Buys and Sells.
                              
Different Types of TigerSoft/Peerless CHARTS, Signals and Indicators   

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

               
NEW - 5/7/2017   Trading SPY WITHOUT Peerless -  Some Guidelines.
                                                When completed this will be a new Tiger Trading E-Book. 
                 
NEW - 5/10/2017  Examples of "Hands above the Head" top patterns.

              
 ===> Please report any broken or out-of-date links. william_schmidt@hotmail.com
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===============================================================================
                8/22/2017   
Peerless remains on a Sell S9-V.    Today's rally appears
                                    to have saved the major ETFs from breaking below their key support
                                    levels.  It is not clear that they will attract enough additional buying
                                    to allow
all of them to bounce back and make new highs.  All still have
                                    falling Closing Powers;  the NYSE  A/D Line is still in a minor downtrend
                                    and our V-Indicator remains very negative, making any DJI vulnerable to
                                    another Sell S9-V. Most stocks are below their key 65-dma support and
                                    MINCPs still outnumber MAXCPs 133 to 99.

                                    A DJI rally of 2%, 440 points up from here, would very probably bring
                                    another S9-V.  Perhaps, President Trump will threaten to veto the legislation|
                                    that Congress produces which allows a larger Budget deficit to try to get his
                                    border wall.  Wall Street will not like this.  It fell 17% in 2011 after a Sell S9-v
                                    when there was a Congressional stand-off about this.  Stay hedged. 
                                       
Trump threatens to shut down government to build border wall

                                    The foreign  ETFs and Chinese stocks offer us a number of good-looking longs to hold
                                    along with our shorts of weak Oil and Retail stocks plus MDY and IWM
                                    provided they do not break their Closing Power downtrends.  
                                          
                                                                                                                       very negative



                                    Next week is seasonally bullish because of the coming 3-day Labor Day
                                    weekend. 

                                                                      The Five Major ETFs

                                   
We have to consider them one by one.  First, DIA closed just below its
                                     falling 21-dma.  This is apt to act as resistance for tomorrow.  DIA looks
                                     like the strongest of these major ETFs.  It did not even retreat as far as its
                                     65-dma.  Another big run by
Boeing could easily take DIA back to 220.  It
                                     would also not take much of a continuation of the rally to destroy the little
                                     top pattern in the DJI-6, the highest priced and most weighty stocks in
                                     in the DJIA.

                                        
                                    




                                    
Second, SPY closed back above its flat 65-dma.  With mostly (red)
                                     negative internals, it might bearishly fall back below its 65-dma.
                                     Its falling 21-dma at 246 will likely act as resistance for the rest of
                                     this week.  Next week may be better, as this is the week before the
                                     3-day Labor Day weekend.  
                  


                                   
                                    
Third, QQQ closed back above its rising 65-dma.  A weak opening
                                     and a very strong close could break its CP downtrend.  That should
                                     bring a rally back to its recent highs. Since it has reached its falling
                                     21-dma, tomorrow should bring a decline.  I would think next week
                                     it will rally back up to its falling red resistance line.




                              
MDY and MDY held at key support.  A close by MDY above its opening
                               should be considered reason enough to cover our short on MDY.
  In that event,
                               it will most likely rally back to the resistance of its falling 65-dma. IWM's Closing
                               Power cannot so easily be violated tomorrow.  Hold it short another day.






                                                          
8/22/2017  Charts
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN

                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
                      
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BABA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                      Links fixed      
8/22/2017   Bullish MINCPs    Bearish MINCPs
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/22/17
Bearish =25
Bullish =20
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .863          .787          .742          .727          .863          .803 
UTILITY        .822          .8            .8            .733          .822          .822 
BEVERAGE       .8            .8            .8            .8            .85           .85 
BONDFUND       .794          .767          .714          .642          .651          .517 
BIGBANKS       .714          .285          .428          .428          .857          .857 
GOLD           .698          .716          .716          .698          .679          .509 
N=6
--------------------------------------------------------------------------------------------
GAMING         .642          .464          .535          .607          .642          .678 
CHINA          .634          .682          .65           .634          .666          .634 
DOWJONES       .633          .533          .533          .566          .766          .733 
NIFTY          .633          .633          .633          .666          .7            .7 
INSURANC       .617          .529          .588          .558          .676          .676 
DJI-13         .615          .461          .538          .538          .692          .692 
COMODITY       .605          .549          .605          .507          .535          .549 
MILITARY       .577          .466          .488          .533          .577          .555 
INDMATER       .561          .53           .5            .469          .54           .469 
HOMEBLDG       .555          .555          .5            .611          .722          .722 
SP-100         .546          .422          .412          .453          .659          .597 
SOLAR          .526          .526          .684          .578          .631          .578 
INDEXES        .504          .373          .378          .415          .584          .574 
SP500          .501          .426          .424          .438          .547          .527 
N=14
------------------------------------------------------------------------------------------
RUS-1000       .466          .414          .415          .424          .519          .5 
REIT           .461          .466          .393          .455          .502          .507 
FINANCE        .45           .373          .406          .428          .538          .538 
NASD-100       .44           .376          .397          .397          .548          .494 
BIOTECH        .437          .366          .362          .389          .433          .401 
MORNSTAR       .436          .34           .352          .365          .525          .487 
CHEM           .43           .361          .347          .291          .444          .402 
ELECTRON       .412          .309          .36           .324          .453          .412 
SEMI           .396          .31           .362          .318          .474          .448 
GREEN          .387          .322          .387          .387          .548          .483 
AUTO           .375          .325          .325          .325          .325          .35 
INFRA          .363          .272          .363          .363          .454          .454 
SOFTWARE       .359          .343          .328          .328          .437          .359 
TRANSP         .35           .25           .25           .25           .5            .45 
N=14
-----------------------------------------------------------------------------------------
HACKERS        .333          .333          .277          .222          .388          .277 
PIPELINE       .333          .333          .222          .222          .222          .222 
COMPUTER       .28           .2            .28           .32           .4            .4 
RETAIL         .275          .241          .241          .241          .275          .224 
OILGAS         .227          .183          .189          .164          .202          .208 
REGBANKS       .222          .138          .111          .111          .277          .333 
EDU            .166          .166          .166          .166          .166          .166 
HOSPITAL       .142          .142          .142          .142          .142          .142 
COAL           .111          .111          .222          .111          .111          .111 
JETS           .111          .111          .111          .111          .222          .111 
FOOD           .071          0             0             .071          .142          .142 
N=11


===============================================================================
               8/21/2017   
Peerless remains on a Sell S9-V.  Short-term, a rally up off key support is being
                                   attempted, even though Big Banks, Oil/Gas stocks, Retailers and Semi-Conductor
                                   stocks remained weak today.  The falling Tiger Closing Powers and Day Trader Tools
                                   warn us not to trust the higher opening tomorrow.

                                   Hold short MDY and MDY even though they will probably bounce tomorrow.
                                   Very short-term traders, if you want to go long an ETF, buy TECL but place a
                                   protective sell stop just below its recent support.  See the chart below.  I suspect
                                   that TECL will bounce narrowly up and down in this narrow range for the next
                                   two-three weeks.



                                  
The leadership now is entirely defensive.  Look at the groups that still have more
                                   than two thirds of their stocks above the 65-dma.  Rallying Chinese stocks, foreign ETFs
                                   and Utilities will likely not make for much of a rally in US stocks.  A 20% advance in
                                   Gold would actually be a fairly reliable bearish sign.

                                               % of Stocks Various Groups above Their 65-dma.
 
                                   
            BEVERAGEs         80%   
                                                UTILITies               80%
                                                BIG 5 MILITARY 80%    (BA, GD, LMT, NOC and RTN) 
                                                FOREIGN ETFs    76.7%  
                                                BONDFUND         76.7% 
                                                GOLDs                   69.8%    
                                                CHINA Stocks       68.2%


                                                   
Watch The FED and the Dollar. 
                                          They Hold The Keys Now To The Market.

                            
                                  
Why is the Fed too scared to raise rates now?  There are three reasons:  Inflation
                                   is still below 2.5%. They fear raising rates in a deflationary period could bring a serious
                                   recession.  Secondly, the FED worries about precipitating a bond collapse.  And thirdly,
                                   Yellen fears that a stock market decline might not be easily managed.  There are too
                                   many leveraged negative trading vehicles.  In the hands of huge hedge funds with computerized
                                   sell programs, her fears are probably quite justified.
 So without rates going up, the market
                                   is on hold. 


                                   The good news in this is that this will allow Earnings to play catch up with the high PEs
                                   in  growth-stock.  It may even allow
low interest rates for another few months and
                                   this will probably hold up the weak-Dollar and dividend plays.
  Holding the strong
                                   foreign ETFs has to be recommended in this environment. 

                                   But eventually,  the FED will defend the Dollar even if Inflation remains around 2%. 
                                   The reason is that the big US Banks will put great pressure on the FED behind the
                                   scenes if hot international funds are drawn in any great quantity to European banks
                                   because of the EURO's strength vis-a-vis the Dollar.  In all this, the FED is being saved
                                   by the still weak Pound.

                                      
Charts of Short-Term Rates, The Falling Dollar and The Rising Euro





                                   The key now is to see watch a handful of key ETFs and stocks to see if they
                                   can hold up and not break key support.  First, SPY is still below its flattening 65-dma.
                                   If its rally fails to get back above this moving average and then starts down, there
                                   will be trouble.  QQQ is similarly situated.

                                   Secondly, watch IWM and MDY.  Bulls know that they must not be allowed to break "
                                   below their horizontal support.  Given their negative relative strength ITRS numbers and
                                   falling Closing Powers, I would hold them short.

                                   Third, watch to see if Biotech plays IBB and AMGN break their necklines at 302 and.

                                   Fourth, watch the DJI Transportation Index.  It is threatening to break a head/shoulders
                                   neckline.

                                   Fifth, watch the necklines of AMD (11.8), AMZN (947), CAT (112) and FB (165). 

                                  
                            8/21/2017  Charts
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN

                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
                      
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BABA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/21/2017   Bullish MINCPs    Bearish MINCPs
                                      

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              8/21/17
Bearish = 32
Bullish = 13
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BEVERAGE       .8            .8            .8            .85           .85           .75 
UTILITY        .8            .8            .733          .822          .822          .755 
ETFS           .779          .735          .72           .852          .794          .823 
BONDFUND       .767          .714          .642          .651          .535          .669 
GOLD           .698          .716          .716          .698          .49           .603 
CHINA          .682          .65           .634          .666          .634          .619 
NIFTY          .633          .633          .666          .7            .7            .733 
HOMEBLDG       .555          .5            .611          .722          .722          .777 
COMODITY       .549          .605          .507          .535          .549          .633 
DOWJONES       .533          .533          .566          .766          .766          .766 
INDMATER       .53           .5            .469          .54           .479          .51 
INSURANC       .529          .588          .558          .676          .676          .647 
SOLAR          .526          .684          .578          .631          .578          .578 
N=13
-------------------------------------------------------------------------------------------
GAMING         .466          .533          .6            .633          .666          .6 
MILITARY       .466          .488          .533          .577          .555          .622 
REIT           .466          .393          .45           .502          .518          .544 
DJI-13         .461          .538          .538          .692          .692          .769 
SP-100         .422          .412          .453          .659          .628          .649 
SP500          .422          .42           .434          .546          .53           .534 
RUS-1000       .404          .405          .414          .512          .495          .515 
EDU            .375          .375          .375          .375          .375          .375 
FINANCE        .373          .406          .428          .538          .538          .56 
INDEXES        .373          .378          .415          .584          .57           .593 
BIOTECH        .37           .362          .381          .44           .413          .448 
CHEM           .361          .347          .291          .444          .416          .402 
NASD-100       .355          .377          .377          .533          .488          .488 
SOFTWARE       .343          .328          .328          .437          .359          .453 
MORNSTAR       .34           .352          .365          .525          .487          .542 
N=15
-------------------------------------------------------------------------------------------
HACKERS        .333          .277          .222          .388          .277          .333 
AUTO           .325          .325          .325          .325          .35           .375 
GREEN          .322          .387          .387          .548          .483          .548 
ELECTRON       .309          .36           .329          .453          .407          .458 
BIGBANKS       .285          .428          .428          .857          .857          .857 
INFRA          .272          .363          .363          .454          .454          .454 
SEMI           .272          .327          .281          .445          .409          .454 
TRANSP         .25           .25           .25           .5            .45           .45 
RETAIL         .241          .241          .241          .275          .224          .327 
COMPUTER       .2            .28           .32           .4            .4            .44 
OILGAS         .189          .196          .164          .202          .202          .196 
HOSPITAL       .142          .142          .142          .142          .142          .142 
PIPELINE       .142          .142          .142          .142          .142          .142 
REGBANKS       .142          .114          .114          .285          .342          .457 
COAL           .111          .222          .111          .111          .111          .111 
JETS           .111          .111          .111          .222          .111          .222 
FOOD           0             0             .071          .142          .142          .214 
N=17



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

               8/17/2017   
Peerless remains on a Sell S9-V.  The DJI and DIA has held up longer
                                   and better than the other major market ETFs.  It is still above its rising 65-dma.
                                   But Professionals are net sellers and up-openings now are quite risky and misleading.
                                   See below how DIA's Tiger Day Traders' Tool made a 12-month low on DIA
                                   and its Closing Power cannot easily turn up.  The DJIA looks very tired from
                                   doing so much heavy-lifting to maintain the appearance that all is still well on
                                   Wall Street. 



                                   Intermediate-term traders should be short IWM and MDY which are now testing
                                   their key horizontal support levels.  Among the Bearish MINCPs are many very weak
                                   looking retail and oil/gas stocks.  As oversold as many of these seem, I would hold
                                   these short as long as their Closing Power downtrends are intact. 

                                                                           IWM


                                                                          

                                                                     MDY



                                                                           DJIA


                                   Another recovery in time for Labor Day is certainly a reasonable expectation.
                                   But first the DJI should reach its 2.5% lower band about 340 DJI points below
                                   today's closing and produce a new Peerless Buy signal.

                                   Right now there are many troublesome signs.  I don't think we can afford to overlook
                                   themwith the DJI having not had a decline of more than 18% since the 2007-2009
                                   bear market.
  

                                                 
 Bearish Signs Are Dominant Now.

                                
 1)  The V-Indicator is still falling.  It is deeply negative, but not yet oversold in the
                                       sense that it has reached the levels it did at the November and March lows.
                                       And if the the DJI were to rally again from its -0.8% level below the 21-day
                                       ma to its +1.8% band, we would only get another Peerless Sell to lead us into
                                       the often quite bearish month of September.

                                  3)  The Closing Powers are falling for all the key US ETFs we follow:
                                        DIA, SPY, QQQ, IWM, MDY, SOXL, TECL, IBB.  Professionals
                                        are still net sellers.  Up openings are being heavily sold into.  We should
                                        not be fooled by them.


                                
 4) The Tiger Day Traders' Tool for these is at or very close to making 12-month
                                       lows, showing there is much more downside danger than upside potential
                                       after the opening.  Even if the DJI does not open down Monday, the risks
                                       of a subsequent decline are considerable.

                                  5) The Hourly DISI-OBV is making two month lows far ahead of the DJI itself.

                                  6) 62% of all the stocks and ETFs that we follow now are below the support
                                      of their 65-dma.  This means most will stocks have considerable resistance
                                      overhead and will have trouble rallying very far.


                              
   7) There are only 13 still "bullish" stock sectors while there are 30 bearish sectors.
                                      See below.

                                  8) The daily breadth and
Tiger statistics are bearish. (from TigerSoft Data Page)
                                           NYSE new highs = 38 vs new lows 164
                                           NASDAQ new highs = 29 vs new highs = 124
                                           All Closing Power New Highs = 54      vs  All Closing Power New Lows = 354
                                           SP-500 Closing Power New Highs = 4 vs SP-500 CP New Lows = 29
                                           Tiger Traders' Tool New Highs = 40  vs TTT New Lows = 181
                                           SP-500  Tiger Traders' Tool New Highs = 4 vs SP-500 TTT New Lows = 33

                                       
                                                            
8/18/2017  Charts
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN

                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
                      
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BABA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/18/2017   Bullish MINCPs    Bearish MINCPs

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/18/17
Bearish = 30
Bullish = 13
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BEVERAGE       .8            .8            .85           .85           .75           .75 
UTILITY        .8            .733          .822          .822          .755          .711 
ETFS           .735          .72           .852          .794          .808          .72 
BONDFUND       .714          .642          .651          .535          .669          .687 
GOLD           .698          .716          .716          .509          .584          .679 
SOLAR          .684          .578          .631          .578          .578          .578 
-------------------------------------------------------------------------------------------
CHINA          .65           .634          .666          .634          .619          .619 
NIFTY          .633          .666          .7            .7            .733          .7 
COMODITY       .605          .507          .535          .549          .619          .676 
INSURANC       .588          .558          .676          .676          .647          .588 
DJI-13         .538          .538          .692          .692          .769          .692 
DOWJONES       .533          .566          .766          .766          .766          .7 
GAMING         .533          .6            .633          .666          .6            .566 
N=13
============================================================================================
HOMEBLDG       .5            .611          .722          .722          .777          .722 
INDMATER       .5            .469          .54           .479          .51           .459 
============================================================================================
MILITARY       .488          .533          .577          .555          .622          .533 
BIGBANKS       .428          .428          .857          .857          .857          .714 
SP500          .42           .434          .546          .53           .54           .463 
RUS-1000       .416          .424          .519          .503          .527          .45 
SP-100         .412          .453          .659          .628          .659          .567 
FINANCE        .406          .428          .538          .538          .56           .439 
NASD-100       .397          .397          .548          .505          .505          .462 
REIT           .393          .455          .502          .518          .538          .388 
GREEN          .387          .387          .548          .483          .548          .387 
INDEXES        .378          .415          .584          .57           .588          .514 
EDU            .375          .375          .375          .375          .375          .375 
BIOTECH        .366          .381          .433          .421          .452          .401 
INFRA          .363          .363          .454          .454          .454          .363 
SEMI           .362          .318          .474          .439          .491          .362 
ELECTRON       .36           .329          .458          .407          .463          .345 
MORNSTAR       .352          .365          .525          .487          .542          .42 
CHEM           .347          .291          .444          .416          .402          .347 
N=17
============================================================================================
PIPELINE       .333          .333          .222          .222          .222          .222 
SOFTWARE       .328          .328          .437          .359          .453          .281 
AUTO           .325          .325          .325          .35           .375          .325 
COMPUTER       .28           .32           .4            .4            .44           .36 
HACKERS        .277          .222          .388          .277          .333          .222 
TRANSP         .25           .25           .5            .45           .45           .3 
RETAIL         .241          .241          .275          .224          .327          .293 
COAL           .222          .111          .111          .111          .111          .111 
OILGAS         .202          .17           .202          .202          .196          .183 
HOSPITAL       .142          .142          .142          .142          .142          .142 
JETS           .111          .111          .222          .111          .222          .222 
REGBANKS       .111          .111          .277          .333          .444          .138 
FOOD           0             .071          .142          .142          .214          .285 
N=13


==============================================================================
                    8/17/2017   
Peerless remains on a Sell S9-V.  Intermediate-term traders should be
                                        hedged.  IWM and MDY are still below their 65-dma.  Among the
                                        Bearish MINCPs are many very weak looking oil/gas stocks.  As oversold as
                                        these oil stocks are, I would hold these short as long as their Closing Power
                                        downtrends are intact.

                                        I don't think that the terror attacks in Spain caused today's decline.  Spain
                                        is too far away from New York and my reading of history shows that
                                        Wall Street only seems to take notice when the bombing is in New York.
                                        Bombing in Europe, Race riots, burning cities, hurricanes! Tthey just don't
                                        affect the Dow.  The market even rose right after WWII was started in Europe.

                                       
 Don't Count on the SP-500 and SPY quickly rebounding.



                                        Will SPY and the SP-500 again rebound from their rising  65-dma?  I
                                        would not count on it.  An effort to support the market here might
                                        be attempted.  But the signs of trouble ahead for the market are quite
                                        worrisome, quite apart from any deep-rooted animal fears that might be
                                        imparted on the human psyche during the solar eclipse on Monday.
                                        Anyone astrology-followers out there?  See what the venerable Arch
                                        Crawford says:
           http://www.marketwatch.com/story/what-the-solar-eclipse-on-aug-21-will-mean-for-stocks-2017-07-25



                                        All our Peerless key values are negative. This will make it harder to get
                                        a buy signal on the DJI until it falls to the 3%-3.5% lower band. 

                                        Seasonality will work against the DJI for the next two weeks. Since 1965,
                                        the DJI has risen only 36% of the time over the next two weeks in years
                                        after the Presidential Election.

                                        The Closing Powers for the major market ETFs dropped sharply today.
                                        This will make it that much harder for them to break their downtrends.
                                        Clearly, Professionals are becoming anxious about the amount of personal
                                        opposition Trump is creating and how this interferes with the Republican
                                        pro-business legislative agenda.  IWM's looks particularly bearish and SPY's
                                        Closing Power is forming its own bearish head/shoulders pattern.


                                    

                                        Today the tech-Nifty-50 seemed to give up on its valiant effort of making
                                        the market look still attractive for traders.  See how sharply it fell today on
                                        red high volume.  It may still recover, but it won't be breaking out for a while.
                                        If heavy-handed profit-taking starts in stocks like AMZN and FB, the selling
                                        will quickly spread.
It can't be good that so many bank and important
                                        tech leaders have suddenly formed head/shoulders patterns.  Look at
                                        them:  AMGN, AMZN, BAC, BBH, FAS, FB, GS, IBB, JPM and TXN
.


                                                             
                           
                                                             8/17/2017  Charts

                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN

                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
                      
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BABA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/17/2017   Bullish MINCPs    Bearish MINCPs

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/17/17
Bearish = 30
Bullish = 14
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BEVERAGE       .8            .85           .85           .75           .75           .7 
UTILITY        .733          .822          .822          .755          .711          .755 
ETFS           .72           .852          .794          .808          .705          .705 
GOLD           .714          .714          .51           .612          .693          .653 
N=4
---------------------------------------------------------------------------------------------
NIFTY          .666          .7            .7            .733          .7            .666 
CHINA          .645          .677          .645          .629          .629          .629 
BONDFUND       .642          .651          .535          .669          .696          .633 
HOMEBLDG       .611          .722          .722          .777          .722          .666 
GAMING         .607          .642          .678          .607          .571          .571 
SOLAR          .578          .631          .578          .578          .578          .631 
DOWJONES       .566          .766          .766          .766          .7            .733 
INSURANC       .558          .676          .676          .647          .588          .617 
DJI-13         .538          .692          .692          .769          .692          .769 
MILITARY       .533          .577          .555          .622          .533          .533 
N=10
---------------------------------------------------------------------------------------------
COMODITY       .5            .528          .542          .614          .671          .657 
---------------------------------------------------------------------------------------------
INDMATER       .469          .54           .479          .51           .459          .469 
REIT           .455          .502          .518          .538          .388          .455 
SP-100         .453          .659          .628          .659          .577          .597 
SP500          .44           .547          .531          .541          .47           .476 
BIGBANKS       .428          .857          .857          .857          .714          .714 
FINANCE        .428          .538          .538          .56           .461          .483 
RUS-1000       .425          .519          .503          .527          .453          .451 
INDEXES        .411          .584          .57           .588          .518          .485 
GREEN          .387          .548          .483          .548          .387          .419 
BIOTECH        .385          .433          .413          .46           .397          .358 
NASD-100       .377          .533          .488          .488          .444          .411 
MORNSTAR       .365          .525          .487          .542          .42           .399 
INFRA          .363          .454          .454          .454          .363          .454 
N=13
---------------------------------------------------------------------------------------------
PIPELINE       .333          .333          .222          .222          .222          .222 
ELECTRON       .329          .458          .412          .463          .35           .345 
SOFTWARE       .328          .437          .359          .453          .281          .296 
AUTO           .325          .325          .35           .375          .325          .35 
COMPUTER       .32           .4            .4            .44           .36           .36 
SEMI           .318          .474          .439          .491          .37           .353 
CHEM           .291          .444          .416          .402          .347          .347 
TRANSP         .25           .5            .45           .45           .3            .3 
RETAIL         .241          .275          .224          .327          .293          .327 
HACKERS        .187          .375          .25           .312          .187          .25 
OILGAS         .177          .208          .202          .196          .183          .221 
EDU            .166          .166          .166          .166          .166          .166 
HOSPITAL       .142          .142          .142          .142          .142          .142 
COAL           .111          .111          .111          .111          .111          .111 
JETS           .111          .222          .111          .222          .222          .222 
REGBANKS       .111          .277          .333          .444          .194          .277 
FOOD           .071          .142          .142          .214          .285          .214 
N=17

 
==============================================================================
                    8/16/2017   
Peerless remains on a Sell S9-V.  Intermediate-term traders should be
                                        hedged.  IWM and MDY are still below their 65-dma.  Among the
                                        Bearish MINCPs are many very weak looking oil/gas stocks.  As oversold as
                                        the oil stocks are, I would hold these short as long as their Closing Power
                                        downtrends are intact.

                                        I showed last night that the DJI usually tops out 4-5 months after the NYSE
                                        A/D Line peaks if a major decline is about to unfold.  Note that smaller declines
                                        do not need such lengthy divergences. Right now the NYSE A/D Line is still below
                                        its 21-dma now. Any new DJI high will probably not be confirmed by the A/D Line
                                        along with most other Peerless indicators 

                                        Another short-term warning now comes from the bearish divergence between the
                                        Hourly DISI/OBV and the DJI's price action. A third warning is the sudden
                                        appearance of head/shoulders patterns in the big banks.  In this situation, with
                                        much of the market tiring, it looks like it will be up to the biggest tech
                                        stocks to bring enough new excitement into the market to keep it rising until
                                        September and avoid a break in the 9-month price uptrend-line that started
                                        with Trump's win in November.                                               

                                            DJI's 7-mo long, well-tested Price Uptrend now crosses at 21800.
         


 

                                        Professionals are not yet convinced the rally will continue.  The Closing Powers
                                        for DIA, SPY and QQQ are still falling.  Until that happens, the odds favor a
                                        retest by them of their 65-dma.


                                       
                                        All three three key Peerless indicators (P-I, V-I and IP21) are negative now
                                        even though the DJI is 0.7% over the 21-dma.  Very likely a DJI rally to a
                                        nominal new high will bring a Peerless Sell.  Perhaps, we will see that if there is
                                        a Labor Day rally in two weeks.

                                        A new technical problem has emerged.  This the head/shoulders patterns
                                        that have suddenly appeared for the big bank stocks:

                                                                Close today   neckline support
                                                      BAC     24.19             23.7         
                                                      GS        225.78           225.
                                                      JPM.       92.09           89-90

                                            
   Tech Leadership Buys if There is a Tech Breakout.

                                        The most bullish aspect of the market now is the chart pattern of our tech-
                                        heavy nifty-30.  It seems poised for a breakout.  A swift vertical ascent
                                        would be in keeping with a move by it above its rising resistance level.
                                        In the event of this breakout, it should bring nice gains to AAPL and MSFT
                                        as well as BABA and CO among our Chinese MAXCPs.  AAPL has the
                                        highest AI/200 score among the DJI-30. 





 
-----                                                       
8/16/2017  Charts
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN

                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
                      
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BABA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/16/2017   Bullish MINCPs    Bearish MINCPs   

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

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/16/17
Bullish = 26
Bearish = 18
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .863          .803          .818          .712          .696          .848 
BIGBANKS       .857          .857          .857          .714          .714          .857 
BEVERAGE       .85           .85           .75           .75           .7            .7 
UTILITY        .822          .822          .755          .711          .755          .8 
DOWJONES       .766          .766          .766          .7            .733          .733 
HOMEBLDG       .722          .722          .777          .722          .722          .777 
GOLD           .714          .51           .612          .693          .653          .571 
NIFTY          .7            .7            .733          .7            .666          .733 
DJI-13         .692          .692          .769          .692          .769          .769 
CHINA          .677          .645          .629          .629          .629          .709 
INSURANC       .676          .676          .647          .588          .617          .705 
N=11
-------------------------------------------------------------------------------------------
SP-100         .659          .628          .659          .577          .597          .68 
BONDFUND       .651          .535          .669          .696          .651          .83 
GAMING         .642          .678          .607          .571          .571          .607 
SOLAR          .631          .578          .578          .578          .578          .631 
INDEXES        .588          .57           .588          .518          .49           .64 
MILITARY       .577          .555          .622          .533          .533          .644 
GREEN          .548          .483          .548          .387          .419          .58 
SP500          .546          .53           .54           .467          .469          .569 
INDMATER       .54           .479          .51           .459          .469          .51 
FINANCE        .538          .538          .56           .461          .483          .615 
NASD-100       .533          .488          .488          .444          .411          .5 
COMODITY       .528          .542          .614          .671          .657          .728 
MORNSTAR       .525          .487          .542          .42           .403          .613 
RUS-1000       .52           .503          .527          .453          .451          .565 
REIT           .502          .518          .538          .388          .455          .481 
N=15
-------------------------------------------------------------------------------------------
TRANSP         .5            .45           .45           .3            .3            .3 
--------------------------------------------------------------------------------------------
SEMI           .474          .439          .491          .37           .344          .465 
ELECTRON       .458          .412          .469          .35           .34           .453 
INFRA          .454          .454          .454          .363          .454          .454 
CHEM           .444          .416          .402          .347          .347          .402 
BIOTECH        .437          .413          .452          .405          .358          .448 
SOFTWARE       .437          .359          .453          .281          .296          .39 
COMPUTER       .4            .4            .44           .36           .36           .4 
HACKERS        .375          .25           .312          .187          .25           .25 
N=8
--------------------------------------------------------------------------------------------
PIPELINE       .333          .333          .222          .222          .222          .222 
AUTO           .325          .35           .375          .325          .325          .4 
REGBANKS       .277          .333          .444          .194          .277          .444 
RETAIL         .275          .224          .327          .293          .31           .465 
JETS           .222          .111          .222          .222          .222          .222 
OILGAS         .215          .208          .196          .183          .215          .291 
EDU            .166          .166          .166          .166          .166          .333 
FOOD           .142          .142          .214          .285          .214          .5 
HOSPITAL       .142          .142          .142          .142          .142          .142 
COAL           .111          .111          .111          .111          .111          .333 
N=10


===============================================================================
===============================================================================
                     8/15/2017   
Peerless remains on a Sell S9-V.  Intermediate-term traders should be
                                        hedged.  IWM and MDY are still below their 65-dma.  Among the
                                        Bearish MINCPs are many very weak looking oil/gas stocks.  I would hold
                                        these short. Now we must watch to see if the Closing Power downtrends
                                        are broken and Professionals shift and become net buyers.

                                        The DJI, itself, seems likely to go back to its recent high near 22200.
                                        There is ample precedent for this and we know that the very highest priced
                                        and most heavily priced DJI-30 stocks are now performing very well.  With
                                        their leadership, the DJI almost seems bound to advance. 

                                        The
six highest priced DJI-30 stocks may be made into an Index. See how that index
                                        below made a new high today.  These six stocks are BA (239.17 +2.02),
                                        GS (227.59 + 0.59), MMM (207.18 -.19), UNH (194.50 +.79), AAPL (161.60 +1.75)
                                        and MCD (157.62 +.36).  Together these rose about 5 points.  Multiplying by 7,
                                        because the divisor is about 1/7, they boosted the DJI by +35 today, which was
                                        a day of profit-taking after Monday's big run-up.  

                                        Look also at our Tiger Chart of the
Nifty-30 below.  These are the most powerful
                                        tech stocks in the NASDAQ.  They look like they could take off and
                                        start a vertical ascent.  If this happens, I would think the QQQ will jump
                                        quickly to new highs.  It will not take much move up from the openings for
                                        the QQQ and TECL to break their Closing Power downtrends and shift
                                        their CP labels from "Bearish" to "Bullish" on our charts. Given, QQQ's high
                                        level of Accumulation, it should be bought if this happens.



                                        The four stocks in the Nifty-30 that I would watch to see if this breakout occurs
                                        are ADBE, AAPL, FB, FISV and NVDA.      

                                                 Highest Price DJI Stocks and Our Nifty-30
                                                 look ready for breakout advances.  This will
                                                 probably take DIA and QQQ to new highs.                      



                        



                                        Meanwhile, the Closing Powers are still felling for MDY, SPY, IWM and MDY.
                                        Professionals are not comfortable buying them yet and we can see that the rally
                                        on Monday and Tuesday was based completely on higher openings.  But these
                                        higher openings can continue a lot longer even though most NYSE and NASDAQ
                                        stocks are declining. 

                                                                    
 A Top in January 2018?

                                        We should appreciate, I think, that the DJI very often tops out weeks or even
                                        months after the NYSE A/D Line.  Look at the tops just since 1980 before
                                        DJI declines by more than 15%. The DJI, on average, tops out about 4-5
                                        months after the NYSE A/D Line does.  Assuming that the NYSE A/D Line's
                                        top was made August 1st, a DJI top that beings a big decline may be 5 months
                                        away and may not occur in September.  A decline in September-October would
                                        by this thinking be minor.

                                                                  A/D Line Top           DJI top            Difference
                                                                  --------------        -------------       ------------
                                                                  9/22/1980               4/27/1981         7+ months
                                                                  6/16/1983               11/29/1983       5+ months
                                                                  3/24/1987               8/25/1987         5 months
                                                                  6/5/1990                 7/17/1990         1 1/2 months
                                                                  4/3/1998                 7/17/1998         3 1/2 months
                                                                  7/16/1999               1/14/2000         6 months
                                                                  6/4/2007                 10/9/2007         5 months
                                                                  7/7/2011                 7/21/2011         1/2 month
                                                                  ----------------------------------------------------
                                                                                                                          Average 4+ months



                                                                 
 Over-Sold or Big Money Selling?                                       

                                        NYSE Up Volume has been regularly lower than NYSE Down Volume for the
                                        last six weeks.  Today, for example, NYSE Down volume was 140 million more
                                        than Up Volume despite the DJI's small rise.  This may just be a mid-Summer doldrum's
                                        phenomenon.  But it also could be a warning that "Big Money" has become bearish,
                                        perhaps because they expect much higher interest rates and that would mean and
                                        end to the "Bond Bubble", which could in turn maul those who have wagered too
                                        much on "safe" bonds and some of those selling them.

                                        Below we can see that the Net Unadjusted NYSE Up-Volume minus Down
                                        Volume has reached a level which ordinarily produces an upswing.  But if there is
                                        no upswing from it very soon, it will become much more difficult to say the heavier
                                        Down Volume is harmlessly part of a normal seasonal cycle. We will watch these
                                        charts.                             

 
  






                                                            
8/15/2017  Charts
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN

                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
                      
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BABA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/15/2017   Bullish MINCPs    Bearish MINCPs  

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              8/15/17
 Bullish = 23
 Bearish = 22
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       .857          .857          .714          .714          .857          .857 
BEVERAGE       .85           .75           .75           .7            .7            .8 
UTILITY        .822          .755          .711          .755          .8            .866 
ETFS           .794          .808          .705          .691          .852          .926 
DOWJONES       .766          .766          .7            .733          .733          .733 
HOMEBLDG       .722          .777          .722          .722          .777          .722 
NIFTY          .7            .733          .7            .666          .733          .733 
DJI-13         .692          .769          .692          .769          .769          .769 
INSURANC       .676          .647          .588          .617          .705          .735
 
N=9
--------------------------------------------------------------------------------------------
GAMING         .666          .6            .566          .566          .6            .6 
CHINA          .634          .619          .619          .619          .698          .746 
SP-100         .628          .659          .577          .597          .68           .659 
SOLAR          .578          .578          .578          .578          .631          .736 
INDEXES        .57           .588          .518          .49           .64           .654 
MILITARY       .555          .622          .533          .533          .644          .622 
COMODITY       .542          .614          .671          .657          .728          .642 
FINANCE        .538          .56           .461          .483          .615          .648 
BONDFUND       .535          .669          .696          .651          .83           .875 
SP500          .533          .541          .47           .472          .569          .597 
REIT           .518          .538          .388          .455          .481          .512 
GOLD           .509          .622          .698          .641          .547          .452 
NASD-100       .505          .505          .462          .43           .516          .537 
RUS-1000       .504          .527          .453          .451          .564          .581 
N=14
--------------------------------------------------------------------------------------------
MORNSTAR       .487          .542          .42           .403          .609          .638 
GREEN          .483          .548          .387          .419          .58           .645 
INDMATER       .479          .51           .459          .469          .51           .5 
INFRA          .454          .454          .363          .454          .454          .545 
TRANSP         .45           .45           .3            .3            .3            .4 
SEMI           .439          .491          .37           .344          .474          .534 
BIOTECH        .417          .452          .397          .366          .448          .472 
CHEM           .416          .402          .347          .347          .402          .43 
ELECTRON       .412          .469          .355          .34           .458          .5 
COMPUTER       .4            .44           .36           .36           .4            .44 
EDU            .375          .375          .375          .375          .5            .375 
SOFTWARE       .359          .453          .281          .296          .406          .437 
AUTO           .35           .375          .325          .325          .4            .4 
N=13
--------------------------------------------------------------------------------------------
PIPELINE       .333          .333          .222          .222          .222          .222 
REGBANKS       .333          .444          .194          .277          .444          .555 
HACKERS        .277          .333          .222          .277          .333          .277 
RETAIL         .224          .327          .293          .31           .465          .5 
OILGAS         .215          .202          .183          .215          .291          .291 
FOOD           .142          .214          .285          .214          .5            .428 
HOSPITAL       .142          .142          .142          .142          .142          .142 
COAL           .111          .111          .111          .111          .333          .222 
JETS           .111          .222          .222          .222          .222          .222 
N=9

==============================================================================
==============================================================================
                     8/14/2017   
Peerless remains on a Sell S9-V.  Intermediate-term traders should be
                                        hedged.  IWM and MDY are still below their 65-dma.  Among the
                                        Bearish MINCPs are many very weak looking oil/gas stocks.  I would hold
                                        these short.  

                                        Word was spread that North Korea will hold-off on testing its new
                                         ICBM.  As a result, we saw a big rally from the same key points for
                                         the SP-500, NASDAQ and the QQQ.   They all rallied from their
                                         rising 65-day moving averages.  This coupled with positive Accumulation,
                                         as shown by our IP21, rallies to new highs often do take place like
                                         we saw today.  But if one studies the SP-500 in this matter, we also see that
                                         there are a number of cases where either there was no bounce or the bounce
                                         quickly failed:
                                       
                                               1)  7/29/1986  IP21 = .177 65-dma AROC = +.126
                                               2)  7/9/1986  IP21 = .276   65-dma AROC = +.225
                                               3)  8/1/1986  IP21 = .118   65-dma AROC = +.091
                                               4)  7/28/1998 IP21= .126   65-dma AROC = +.076
                                               5)  7/26/1999 IP21= .232   65-dma AROC = -.032

                                         Altogether, the odds of a rebound making new highs are only about 50:50 for
                                         Julys-Augusts and and about 50:50 when there have already been three
                                         successful tests in the last 8 months. See the new SP-500 study tonight.
                                         If the DJI were to rally to a new high, we will probably get a new Sell S9-V.
                                         So, being hedged now seems reasonable. 



                                  So what are short-term traders to do?  It would be safer to buy on another test
                                  of the 65-dma.  But if North Korea holds off on its ICM test, we could see
                                  a few more higher openings this week.  But they cannot be trusted.

                                  The Closing Powers for DIA, SPY, QQQ, IWM, MDY and the NASDAQ
                                  are all falling.  That warns us not to buy at the opening. The Tiger Day Traders
                                  tools are also falling for each of these.  This warns us that there is more downside
                                  potential after the opening than upside potential.  It also tells us at this stage
                                  of the market that strong-looking up-openings are quite likely being staged
                                  to give the appearance of market strength.  At least, we need more evidence
                                  of Professional buying to trust the market, apart from the DJI-30 which
                                  does often peak after most stocks and ETFs.  The short-term 5-day moving
                                  averages are all falling and each of these closed below its pivot-point for tomorrow.
                                 

DIA
SPY

QQQ

IWM

NASDAQ
 

                           8/11/2017   To Charts
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN

                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
                      
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BABA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/14/2017   Bullish MINCPs    Bearish MINCPs      

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              8/14/17
Bullish = 26
Bearish = 19
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       .857          .714          .714          .857          .857          .857 
ETFS           .808          .705          .691          .852          .911          .926 
HOMEBLDG       .777          .722          .722          .777          .722          .722 
DJI-13         .769          .692          .769          .769          .769          .692 
DOWJONES       .766          .7            .733          .733          .733          .733 
UTILITY        .755          .711          .755          .8            .866          .8 
BEVERAGE       .75           .75           .7            .7            .8            .75 
NIFTY          .733          .7            .666          .733          .733          .833 
BONDFUND       .669          .696          .651          .83           .875          .928 
N=9
----------------------------------------------------------------------------------------------
SP-100         .659          .577          .597          .68           .67           .701 
INSURANC       .647          .588          .617          .705          .735          .794 
MILITARY       .622          .533          .533          .644          .622          .644 
COMODITY       .619          .676          .661          .732          .647          .647 
CHINA          .612          .612          .612          .693          .758          .693 
GOLD           .603          .698          .66           .566          .433          .452 
GAMING         .6            .566          .566          .6            .6            .7 
INDEXES        .588          .518          .49           .64           .654          .658 
SOLAR          .578          .578          .578          .631          .736          .736 
FINANCE        .56           .461          .483          .615          .659          .703 
GREEN          .548          .387          .419          .58           .612          .645 
SP500          .543          .47           .472          .569          .599          .627 
MORNSTAR       .542          .42           .403          .609          .634          .71 
REIT           .538          .388          .455          .481          .518          .564 
RUS-1000       .528          .453          .451          .564          .583          .617 
INDMATER       .51           .459          .469          .51           .51           .561 
NASD-100       .505          .462          .43           .516          .537          .58 
N=17
----------------------------------------------------------------------------------------------
SEMI           .491          .37           .344          .474          .534          .5 
ELECTRON       .469          .355          .345          .458          .494          .479 
BIOTECH        .456          .397          .358          .456          .472          .515 
INFRA          .454          .363          .454          .454          .545          .545 
SOFTWARE       .453          .281          .296          .406          .453          .484 
TRANSP         .45           .3            .3            .3            .4            .45 
REGBANKS       .444          .194          .277          .444          .555          .5 
COMPUTER       .44           .36           .36           .4            .44           .4 
CHEM           .402          .347          .347          .402          .43           .513 
AUTO           .375          .325          .325          .4            .4            .4 
EDU            .375          .375          .375          .5            .375          .375 
N=11
----------------------------------------------------------------------------------------------
HACKERS        .333          .222          .277          .333          .333          .388 
PIPELINE       .333          .333          .222          .222          .222          .222 
RETAIL         .327          .293          .31           .465          .5            .517 
JETS           .222          .222          .222          .222          .222          .222 
FOOD           .214          .285          .214          .5            .428          .5 
OILGAS         .208          .189          .215          .291          .297          .297 
HOSPITAL       .142          .142          .142          .142          .142          .142 
COAL           .111          .111          .111          .333          .222          .333 
N=8


==============================================================================
               8/11/2017   
We can't know yet that the decline is over.  But traders will, no doubt, buy
                                   those ETFs that fell to their 65-dma and rebounded Friday.  A further but limited
                                   recovery is likely for them.  But a break later this week in the 65-dma for the NASDAQ
                                   and SP-500 would be unsettling.  Even then, the DJI-30 may hold up.  That
                                   is its job, to maintain the appearance that all is well.

                                   I fear if the DJI were to break below its 65-dma, there would soon be a flash-crash. 
                                   The FED and the Big Banks know this.  They will try to hold the DJI up. Nothing
                                   prevents the FED from even orchestrating the Big Banks' efforts to hold the DJI up.
                                   They operate in secrecy.

                                   But what if the Korean Missile Crisis is not the main reason the market has
                                   weakened?  What if Jamey Diamond and Alan Greenspan are right and we are
                                   approaching a collapse in Bonds because low interest rates will not long
                                   continue?  Why with so many Goldman Sachs people in the Trump Administration
                                   is GS not doing better?  Perhaps, they have relayed scary information back to
                                   Wall Street friends there from their positions in the Trump Administration. 
                                                                                        ( Greenspan: Bond bubble about to break Aug 7, 2017
                                           
Jamie Dimon: Won't call it a bubble, but I wouldn't buy bonds
)

                                 
What might else prick the bubble?  I would guess it will be a Wall Street scandal
                                   of some sort.  Regulation and regulators are scarce.  The temptation to get rich
                                   cutting corners, using customers funds inappropriately or fraudulently is just too
                                   great.  The new Enrons and WAMUs are out there.  If bond prices break badly, there
                                   will be big trouble.  Back in the Savings & Loan Crisis years, 1988-1991, there were
                                   more than 1000 felony convictions of bankers.  The Federal Government had to
                                   pour in more than $100 billion into the FDIC to bailout savers in failed banks.
                                   But the regulation and punishment of big bank fraud has come on hard times.  How many
                                   prosecutions were there in 2008-2009?  All those "liar' loans", the pumped up appraisals,
                                   the insider selling at the top, but almost no prosecutions. With Obama, Trump and
                                   the Fed giving free rides to big bankers, it's hard not see trouble on this front when
                                   the current "bond bubble" is burst.   Listen to
William Black recently.  He was
                                   the government's key regulator of banks in the the late 1980s.

                                               
 22100 Is Likely Resistance on The Next DJI Rally, 



                                  
Stay hedged with some shorts.  Breadth is not good and  Professionals have been
                                   net-sellers for more than a month.  At a minimum, we will need to see the Closing
                                   Powers for DIA, SPY and QQQ break their downtrends, before believing there can
                                   be much of a rally. There are almost 4x more MINCP stocks than MAXCPs.  The
                                   8-month-long A/D uptrendline has been violated.  There are 50% more sectors with
                                   more stocks below their 65-dma than above it.  Only 41% of all the stocks we follow
                                   have a majority of their stocks below their 65-dma.
 

                                  
The operative Peerless signal is the new Sell S9-V which takes place between
                                   the DJI's 1.8% and 2.3% upper bands.
  I have suggested going short MDY and
                                   IWM.  They are much weaker than the DJI, having broken their 65-dma.  The
                                   Tiger ITRS shows that both the Mid-caps (MDY) and the Russell-2000 (IWM)
                                   have underperformed the DJI by more than 5% over the last 50 trading days.
                                   They also show less "big-money" support.  IWM's IP21 (accumulation) is less than
                                   zero.  Only 45.4% of the Russell-1000's stocks are now above their 65-dma.
                                   In other words, most will potentially face resistance from their 65-dma on the next rally.
                              






                                                                  
  The DJI-13 and Nifty-30

                                  
At the end of bull markets we usually see just a handful of high-priced DJI and
                                   tech stocks still rallying.  This is what holds up the DJI-30 Index because of how
                                   it is weighted.  This is also what gives the appearance to the Public that all is
                                   still well.  And for performance-minded fund managers, these are the stocks
                                   they play on the long-side until the final collapse.  AAPL is one of those stocks now.
                                   At the year 2000 market top, AAPL did not top out until March 22, 2000, 14 weeks
                                   after the DJIA peaked. When in October 2007 the DJI's long advance from 2003
                                   came to an end, AAPL did not stop advancing.  It did not make its final high until
                                   December 27th.  So, AAPL may seem an obvious choice to buy.  But it might be
                                   better not to buy it now near its highs for the year. AAPL is, however, the
                                   highest AI/200 stock in the DJI.  A safer buy might be MSFT.  It has tested
                                   its rising 50-day ma and its Closing Power downtrend-line has just been broken.
                                 



                                                                      
 
                                                                 NASDAQ, SPY and QQQ

                                The NASDAQ refused to break below its 65-dma on Friday.  Its high level
                                of Accumulation shows big buyers are still holding it up. 
If there is a
                                rally from here, as seems likely because of Friday's successful test, it will be
                                the fourth from the 65-dma since last November.  That is "pushing our luck",
                                in a manner of speaking.  The Closing power is still weak.  So, beware of
                                an up-opening that goes nowhere afterwards.  The 21-day ma at 6356 should
                                act as resistance.


                                  

                                   The SP-500, SPY (below) and QQQ (below) did not break their 65-dma in
                                   the pandemonium of the new Korean Missile Crisis.  They will rally for a day or two,
                                   barring more bellicosities.  Both show considerable Accumulation, but their
                                   Closing Powers are still pointed lower.  So, it remains to be seen how far they will
                                   rally.  Who are the buyers?  Market makers who want to sell some of the stock
                                   they took in this past week.  Big bank program-traders in the futures' markets.
                                   Folks who have been conditioned to think that every dip is a buying opportunity.
                                   Short-term traders who can work with sell stops just beneath their rising 65-dma.  
                                   
                                   But don't trust them. They may unwind their long positions very quickly. When we
                                   look at their Tiger Day Traders Tool indicators, we see that there has been consistently
                                   more downside potential than upside potential after the opening for some time.  
                                   So,
buying on a strong opening is probably not a good idea.  Rather,
                                   short-term traders who do not like our Sell S9-V should buy on intra-day
                                   declines back to the level of the previous day's close and then watch to
                                   be sure the 65-day moving averages for NASDAQ, SPY and QQQ are not
                                   violated. 


                                                                     
 




                                                                           
8/11/2017
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SDS  SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/11/2017   Bullish MINCP  Bearish MINCPs       

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/11/17
Bearish = 27
Bullish = 18
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BEVERAGE       .75           .7            .7            .8            .75           .8 
HOMEBLDG       .722          .722          .777          .722          .722          .722 
BIGBANKS       .714          .714          .857          .857          .857          .857 
UTILITY        .711          .755          .8            .866          .8            .777 
ETFS           .705          .691          .852          .911          .911          .926 
DOWJONES       .7            .733          .733          .733          .733          .8 
NIFTY          .7            .666          .733          .733          .833          .733 
BONDFUND       .696          .651          .83           .875          .928          .919 
DJI-13         .692          .769          .769          .769          .692          .846 
GOLD           .679          .66           .584          .452          .433          .452 
COMODITY       .676          .661          .732          .647          .647          .633 
N=11
==============================================================================================
CHINA          .612          .612          .693          .758          .693          .677 
INSURANC       .588          .617          .705          .735          .794          .794 
SOLAR          .578          .578          .631          .736          .736          .736 
SP-100         .577          .597          .68           .67           .701          .711 
GAMING         .571          .571          .607          .607          .714          .678 
MILITARY       .533          .533          .644          .622          .644          .666 
INDEXES        .518          .49           .64           .654          .654          .649 
N=7
==============================================================================================
SP500          .472          .472          .569          .599          .625          .629 
FINANCE        .461          .483          .615          .659          .703          .703 
INDMATER       .459          .469          .51           .51           .561          .581 
RUS-1000       .454          .451          .564          .583          .614          .607 
NASD-100       .444          .411          .5            .522          .566          .555 
MORNSTAR       .42           .403          .609          .634          .714          .676 
BIOTECH        .401          .358          .448          .48           .519          .519 
REIT           .388          .455          .481          .518          .575          .564 
GREEN          .387          .419          .58           .612          .612          .677 
EDU            .375          .375          .5            .375          .375          .625 
SEMI           .37           .344          .474          .534          .491          .465 
INFRA          .363          .454          .454          .545          .545          .545 
COMPUTER       .36           .36           .4            .44           .4            .4 
CHEM           .347          .347          .402          .43           .5            .472 
N=14
=============================================================================================
PIPELINE       .333          .333          .222          .222          .222          .222 
AUTO           .325          .325          .4            .4            .4            .4 
ELECTRON       .322          .311          .437          .475          .453          .448 
TRANSP         .3            .3            .3            .4            .45           .45 
RETAIL         .293          .31           .465          .5            .517          .5 
FOOD           .285          .214          .5            .428          .5            .357 
SOFTWARE       .281          .296          .406          .453          .484          .453 
HACKERS        .222          .277          .333          .333          .388          .277 
JETS           .222          .222          .222          .222          .222          .222 
OILGAS         .196          .221          .291          .297          .297          .354 
REGBANKS       .194          .277          .444          .555          .5            .583 
HOSPITAL       .142          .142          .142          .142          .142          .285 
COAL           .111          .111          .333          .222          .333          .333 
N=13


==============================================================================
               8/10/2017   
The operative Peerless signal is the new Sell S9-V that can take place
                                   between the 1.8% and 2.3% upper bands when the V-I is negative and
                                   the A/D Line does not confirm a new DJI price high.  In three of the
                                   four previous cases, the DJI declined below its lower band.  In the
                                   other case, that is all the further it fell.


                                     
Here are the past trading results of this particular type of Sell S9-v:

                                      1) 
  8/14/1929 - Also an S4. Huge drop after one last rally.
                                             Peerless Short Sale Gain on DJI = +40.9%
                                      2)  
 8/10/1936 at peak  Declined only to lower band and quickly reversed upwards.
                                             Peerless Short Gain on DJI = +4.7%
                                      3)  
 7/6/1943  Declined below lower band after bounce up.
                                             Peerless Gain = +4.7%
                                      4)   
7/16/1999  Declined below lower band after bounce up.
                                              Peerless Gain = +10.6%



                      
                      



                      Today's 200 point DJI decline was more than matched by the declines in IWM and MDY,
                       which I suggested shorting last night.  The DJI remains above its 65-dma but  the NASDAQ
                       and SP-500 are testing theirs.  The Closing Powers are falling for all the major ETFs: DIA, SPY,
                       QQQ, IWM and MDY. 


                    
                     Watch tomorrow to see if the NASDAQ and SP-500 find late support at their 65-dma. 
                      I don't think that they will.  The NASDAQ has completed a bearish "hands-above-the-head"
                      pattern and is now under-performing the DJI by a wide margin. 



                      
The DJI may try to hold the market up.  But Professionals will not want to hold long
                       positions on a weekend when nuclear war is a live possibility with two rogue decision-makers
                       facing off in a verbal escalation.  War is a possibility.  No one wanted or expected war
                       in August 1914, but bad decision making by autocrats in Austro-Hungry, Germany and
                       Russia brought it to pass. 
            (Listen to this tragic story:
Sleepwalkers: How Europe Went to War in 1914 - Christopher Clark )

                       Even the Chinese ETFs and NVDA sold off today.  There's no point in holding them if
                       they cannot hold up any better. 


                      
I've noticed that the bids are disappearing in stocks and ETFs with completed head and
                       shoulders patterns.  Such patterns are commonly seen in the Trap-Door stocks.  We see
                       these patterns now in
AMD (semi-conductors), AMGN (biotechs), DDS (retail) and MDY.
                       More and more industry-groups are breaking down.

                                                        
   A Flash Crash Is Quite Likely
                                                   if DJI fails to hold up above its 65-dma.


                       Based on Wall Street's past behavior in 1987, 1989, 1997, 1999, 2008, 2010, 2011, 2015
                       and 2016, I would say a "Flash Crash" unleashed by computerized sell programs and the
                       use of highly leveraged short ETFs now is likely.  At first, it will be called "investment insurance". 
                       But this behavior is hugely profitable.  This, too, is definitely on the table.
                      
                          1987 - http://www.nytimes.com/2012/10/19/business/a-computer-lesson-from-1987-still-unlearned-by-wall-street.html and 
Black Monday (1987)
                          1989 - http://www.nytimes.com/1989/10/14/business/the-dow-plunges-190-points-about-7-in-late-selloff-takeover-stocks-hit-hard.html?pagewanted=all
                           1997 -  Trading Analysis of October 27 and 28, 1997 - SEC.gov
 Comparing This Crisis to Other Financial Crises
                           1998 -  Timeline Of The Crash   1998 Russian financial crisis                             
                           2010 -
https://en.wikipedia.org/wiki/2010_Flash_Crash 
                           2011 - http://www.motherjones.com/politics/2013/02/high-frequency-trading-danger-risk-wall-street/
                           2015 -
What happened during the Aug 24 'flash crash' - CNBC.com
                           2016 - http://www.investopedia.com/articles/markets/012716/four-big-risks-algorithmic-highfrequency-trading.asp
                          
2017 - http://www.npr.org/2017/04/12/523534042/as-computer-programs-choose-to-buy-or-sell-wall-street-looks-to-data  and Algorithmic trading, the Flash Crash, and coordinated circuit breakers
                                      
Artificial Intelligence Will Be Crashing The Stock Market In 3-2-1 ...
                                       The Perils Of Program Trading - Forbes
                                      Too Fast to Fail: How High-Speed Trading Fuels Wall Street Disasters (Mother Jones)


                                                              
8/10/2017
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/10/2017   Bullish MAXCPs    Bearish MINCPs       


                       Only 40% of all stocks and ETFs are above their 65-dma.  The 65-dma
                       is considered the most important probably support level for many stocks.
                       With so many stocks having broken that level, the next rally or two
                        will likely face keen resistance.

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              8/10/17
Bearish =28
Bullish =17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         .769          .769          .769          .692          .846          .769 
UTILITY        .755          .8            .866          .8            .755          .844 
DOWJONES       .733          .733          .733          .733          .8            .733 
BIGBANKS       .714          .857          .857          .857          .857          .857 
HOMEBLDG       .705          .764          .705          .705          .705          .705 
BEVERAGE       .7            .7            .8            .75           .8            .75 
ETFS           .696          .863          .924          .924          .924          .924 
N=7
=============================================================================================
NIFTY          .666          .733          .733          .833          .766          .766 
COMODITY       .661          .732          .647          .647          .633          .661 
GOLD           .653          .571          .448          .448          .469          .612 
BONDFUND       .651          .83           .875          .928          .919          .946 
CHINA          .612          .693          .758          .693          .677          .677 
INSURANC       .606          .696          .727          .787          .787          .787 
SP-100         .597          .68           .67           .701          .711          .659 
SOLAR          .578          .631          .736          .736          .736          .684 
GAMING         .571          .607          .607          .714          .714          .607 
MILITARY       .533          .644          .622          .644          .666          .666 
N=10
============================================================================================
INDEXES        .49           .64           .654          .654          .654          .672 
FINANCE        .483          .615          .659          .703          .703          .648 
INDMATER       .469          .51           .51           .561          .581          .561 
SP500          .469          .569          .6            .626          .622          .612 
REIT           .455          .481          .518          .575          .575          .575 
INFRA          .454          .454          .545          .545          .545          .454 
RUS-1000       .443          .558          .578          .609          .601          .594 
GREEN          .419          .58           .612          .612          .677          .645 
NASD-100       .411          .5            .522          .566          .555          .555 
MORNSTAR       .403          .609          .634          .714          .684          .659 
BIOTECH        .362          .448          .472          .527          .515          .476 
COMPUTER       .36           .4            .44           .4            .4            .36 
CHEM           .347          .402          .43           .5            .472          .43 

N=13
===========================================================================================
AUTO           .325          .4            .4            .4            .4            .375 
ELECTRON       .311          .437          .475          .453          .453          .486 
RETAIL         .31           .465          .5            .517          .5            .431 
SEMI           .309          .445          .509          .463          .436          .49 
TRANSP         .3            .3            .4            .45           .45           .35 
SOFTWARE       .296          .406          .453          .484          .453          .453 
REGBANKS       .277          .444          .555          .5            .583          .527 
HACKERS        .25           .312          .312          .375          .25           .375 
OILGAS         .227          .297          .297          .297          .348          .316 
JETS           .222          .222          .222          .222          .222          .111 
FOOD           .214          .5            .428          .5            .357          .357 
EDU            .166          .333          .166          .166          .5            .333 
PIPELINE       .142          .142          .142          .142          .142          .142 
HOSPITAL       .125          .125          .125          .125          .25           .25 
COAL           .111          .333          .222          .333          .333          .222 
N=16


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

                                     
8/9/2017   The operative Peerless signal is the new S9-V.  This is a new
                                      signal designed to cope with the DJI's failure in recent years to reach
                                      the full 3.5% band.  It can only occur when the DJI makes a new high
                                      1.8% to 2.3% above the 21-day ma and:
                                                         1)  the V-I is negative,
                                                         2)  the NYSE A/D Line fails to confirm the DJI new high,
                                                         3)  there are more decliners than advancers on this day,
                                                         4)  it is July or August and
                                                         5)  it is not one of the normally bullish first five days of the month.

                                     
 MDY and IWM are the first big major market ETFs to break the support
                                       of their 65-dma.  These should be shorted. Traders may not want to hold
                                       long positions over the weekend because of the threat of war with North Korea
                                       unless prices are lowered quite a bit on Friday.






                                     
                                      Here are the past trading results of this particular type of Sell S9-v:

                                      1) 
  8/14/1929 - 20 days before final 1929 peak  Also an S4.
                                             Peerless Gain = +40.9%
                                      2)  
 8/10/1936 at peak (new signal on this date)
                                             Peerless Gain = +4.7%
                                      3)  
 7/6/1943 Six trading days before peak. (new signal on this date)
                                             Peerless Gain = +4.7%
                                      4)   
7/16/1999 at peak
                                              Peerless Gain = +10.6%

                                      The DJI has retreated a little since the Sell S9-v.  The good news for the
                                      bears is that the long NYSE A/D Line uptrend has been violated.  This usually
                                      brings additional selling in its own right.  But bulls will be happy that the
                                      P-Indicator remains quite positive at +139 and IP21-Accumulation Index
                                      is also positive (+.072).  The lower band should hold when tested. 

                                      The overall market is weakening.  There were more decliners today than
                                      in more than a month.  We see a weakening in most of  our
                                      general market statistics.

                              1     The percent of all stocks and ETFs above their 65-dma:
                                                  Today just 51%.  Yesterday 55%.  Downtrending.
                                                  See the bearish up-trend-break today.  The downtrend
                                                  is in control.


                              2       The number of industry sectors/groups above their 65-dma:
                                                  Only 24 of 45 compared to 28 yesterday. (See table at bottom
                                                  of today's Hotline.)

                              3       Today there were 108 MAXCPs (Closing Power new highs)
                                       compared with 221 MINCPs (Closing Power new lows).
                                       (This count is derived from the number of stocks in today's
                                       MAXCP and MINCP directories on the Tiger Data Page.)
                                      
Professionals are net sellers of a lot more stocks than than
                                       they are net buyers.  This is clearly bearish.


                              4       Today there were only 46 Tiger Day-Traders' Tool new highs
                                       compared with 269 Tiger Day-Traders' Tool new highs.
                                       (This count is derived from the number of stocks in today's
                                       TTTNH and TTTNL directories on the Tiger Data Page.)
                                       Day traders are heavily shorting openings now.  As long as this
                                       trend continues, there will be weakness.  Day Traders were
                                       not fooled by the SPY's last rally.  We should look at this
                                       chart more often.



                              But there remains a plurality of the DJI-30, SP-500 and Russell-1000 stocks
                              still are above their 65-dma.  Only in the NASDAQ-100 is the percentage
                              above their 65-dma down to 50%.  When this number drops below 50% it
                              means it that there is more overhead resistance than support and
                              prices tend to fall most quickly.

                             Tiger Index of DJI-30 Stocks (weighted by avg price x volume)
                            Tiger Index of SP-500 Stocks (weighted by avg price x volume)
                            Tiger Index of Russell-1000 Stocks (weighted by avg price x volume)



                              It looks like Mid-Caps (MDY) and the Russ-2000 (IWM) are the weakest.
                              We see this in their price charts.  They both closed below their 65-dma
                              today.  But even here, they still show bullish blue Accumulation.

                              From the charts of DIA and SPY, we still see the notation "Bullish
                              Closing Power-Professional Buying".  This results from the fact that
                              the Closing Power remains slightly above its rising 21-day ma.  Unless
                              the Closing Powers breakdown for DIA and SPY and return a "bearish"
                              notation, I would think the markets will turn back up for one more try,
                              at least, if only not to buckle under the threat of war with North Korea.
                              65-day ma.

                              Right now, the Openings have become quite weak.  If the Closings also
                              turn weak, the market will start to fall quite sharply.  Let's stay short
                              a good number of the Bearish MINCPs and take profits in most other
                              stocks, except the foreign ETFs and Chinese stocks. 
MDY and IWM
                              should be shorted because of their drop below the 65-dma.


                                                             
8/9/2017
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/9/2017   Bullish MAXCPs    Bearish MINCPs

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/9/17
Bullish = 24
Bearish = 19
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .863          .924          .924          .924          .924          .924 
BIGBANKS       .857          .857          .857          .857          .857          .857 
BONDFUND       .83           .875          .928          .919          .946          .919 
UTILITY        .8            .866          .8            .755          .844          .8 
HOMEBLDG       .777          .722          .722          .722          .722          .722 
DJI-13         .769          .769          .692          .846          .769          .769 
DOWJONES       .733          .733          .733          .8            .733          .733 
NIFTY          .733          .733          .833          .766          .766          .8 
COMODITY       .732          .647          .647          .633          .661          .69 
BEVERAGE       .7            .8            .75           .8            .75           .8 
INSURANC       .696          .727          .787          .787          .787          .878 
CHINA          .693          .758          .693          .677          .677          .661 
SP-100         .68           .67           .701          .711          .659          .711 
N=13
--------------------------------------------------------------------------------------------
SOLAR          .666          .8            .8            .8            .733          .8 
MILITARY       .644          .622          .644          .666          .644          .644 
INDEXES        .64           .654          .654          .654          .668          .705 
FINANCE        .615          .659          .703          .703          .637          .692 
MORNSTAR       .609          .634          .714          .684          .659          .697 
GAMING         .607          .607          .714          .714          .607          .607 
GREEN          .58           .612          .612          .677          .612          .677 
GOLD           .571          .448          .448          .469          .612          .673 
SP500          .571          .599          .625          .623          .613          .619 
RUS-1000       .565          .583          .614          .606          .601          .608 
INDMATER       .51           .51           .561          .581          .561          .591 
N=11
--------------------------------------------------------------------------------------------
EDU            .5            .375          .375          .625          .5            .625 
NASD-100       .5            .522          .566          .555          .555          .522 
--------------------------------------------------------------------------------------------
REIT           .481          .518          .575          .575          .575          .606 
FOOD           .466          .4            .466          .333          .333          .733 
RETAIL         .465          .5            .517          .5            .431          .396 
REGBANKS       .457          .571          .514          .6            .542          .657 
INFRA          .454          .545          .545          .545          .454          .454 
BIOTECH        .452          .472          .519          .523          .476          .515 
SEMI           .445          .509          .463          .436          .481          .509 
ELECTRON       .437          .475          .453          .453          .475          .502 
COMPUTER       .416          .458          .416          .416          .375          .5 
CHEM           .402          .43           .5            .472          .43           .458 
AUTO           .4            .4            .4            .4            .375          .425 
SOFTWARE       .396          .444          .476          .444          .444          .46 
COAL           .333          .222          .333          .333          .222          .333 
HACKERS        .333          .333          .388          .277          .388          .333 
N=14
----------------------------------------------------------------------------------------------
TRANSP         .3            .4            .45           .45           .35           .4 
OILGAS         .291          .298          .298          .35           .317          .39 
JETS           .222          .222          .222          .222          .111          .111 
HOSPITAL       .142          .142          .142          .285          .285          .285 
PIPELINE       .142          .142          .142          .142          .142          .285 
N=5


==============================================================================
                       
8/8/2017  I take the operative Peerless signal to be the new Sell S9-V I spoke of
                                        yesterday.  This occurs in July and August when the DJI is between the
                                        1.8% and 2.3% bands if the V-Indicator is negative, the NYSE A/D Line
                                        does not confirm the DJI's high and declines outnumber advances on the
                                        NYSE on this day.  A close above the 2.4% upper band will invoke
                                        a normal S9-V in the Summer when the V-I is negative.
 
                                        An additional rally is certainly a possibility now, especially in a handful of techs,
                                        foreign ETFs and defensive dividend-paying stocks.  But the advance
                                        is narrowing or as floor trader Art Cashin admits, the market looks "thin",
                                        meaning the aggressive buyers have limited interests and the sellers more and
                                        more must deal with an absence of big bids, hence the increasing number of 
                                        "trap-door stocks".  His other comments repeat what has been said here about
                                        how few stocks are making the DJI-30 look so good.
( https://www.cnbc.com/video/2017/08/08/veteran-trader-art-cashin-extraordinarily-thin-markets-leading-to-disproportionate-moves.html )

                                                          




                                        I would add, the market has been rallying much more because of
                                        strong openings rather than strong closings.  Our Closing Power theory
                                        warns that too often for comfort this is the result either of rigged higher
                                        openings or impulsive Public/overseas buying.  This is emotional and
                                        usually wrong when at the same time there is heavy Professional selling
                                        shown by closings below openings.

                                        For the time being, DIA's Closing Power is still above its rising 21-dma.
                                        It would take a drop by the DJI of more than 100 points tomorrow to
                                        cause its 5-day ma to turn down.  So, perhaps it will rise closer to the
                                        3.5% band.  But, the risks shown by the trap-door stocks are too great
                                        compared to the upside potential.


                                                                               

                                                                 
  "High Anxieties"

                                       
Right now I worry that the DJI will be unable to get up to the normal
                                        upper 2.4% and give us a regular Sell S9V.  I am also concerned about 
                                        Peerless users becoming victims of a sudden flash crash caused by
                                        computerized "hedging" and dumping in a market that has now risen more
                                        that eight and a half years without a DJI decline of 20% or more.
                                        It may not take much of a negative surprise to burst the bubble at
                                        this stage.  North Korea proved in 1950 that they could upset the
                                        stock market.  They could do so again.



                                      
                                       
For all these reasons and more, I think we should consider a revised
                                        Sell S9-V to have been rendered.  Below are the rules I have added
                                        to the Sell S9-V tonight.


              
 For i = 1 To rn:  adl(i) = adl(i - 1) + adv(i) - dec(i) : next i  ' calculates A/D Line values
                     For i = 22 To rn: XXX=z
                         If mo(i) < 7 Or mo(i) > 9 Then 818  ' throw out current day if it is not July or August
                         If da(i) < 5 Then 818    ' throw out current day it it the short-term bullish beginning of the month. 
                         If la(i) / ma(i) < 1.0175 Then 818 ' throw out current day if the DJI has close less than 1.75% above the 21-dma
                         If la(i) / ma(i) > 1.024 Then 818  ' throw out current day if the DJI has close is more than 2.40 above the 21-dma
                                                                                     ' these cases will be handled by normal S9V rules.
                         If pvv(i) > 0 Then 818 ' throw out cases where V-Indicator is above 0.
                         If adv(i) > dec(i) Then 818 ' throw out cases where day's advancers are greater than decliners.
                             ' routine calculates yearly high and A/D Line high
                                             pricehigh = -999999999
                                            adlhigh = -9999999
                                            For j = 1 To i - 1
                                               If la(j) > pricehigh Then pricehigh = la(j)
                                               If adl(j) > adlhigh Then adlhigh = adl(j)
                                            Next j

                        If la(i) > pricehigh And adl(i) < adlhigh Then xxx = 123 'OK only if DJI made a new high and A/D Line did not.
                        If xxx = 123 Then pi = i: victory = 1: s9(i) = 9: : ms(i) = 9: : : Sells9arrows (pi): ' puts S9V arrow on screen

                       818 Next i  ' This is the last statement in the loop that looks at days 21 through rn, the length of the file.



                              
Below are the four earlier cases where this would have applied:

                                         8/24/1929 - two weeks before final 1929 peak
                                                                      8/10/1936 (new signal on this date)
                                                         7/6/1943 Six trading days before peak.
                                                               7/16/1999
                                                                                                                        8/7/2017          

                                                             8/8/2017
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                     new   CMG (Chipotle), LRCXSWKS,   TOWN
                                     Ohers REN,  CVE and SWN (very low AI/200 stocks)

                                                 
8/7/2017   Bullish MAXCPs    Bearish MINCPs

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/8/17
Bullish = 28
Bearish = 17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .911          .911          .911          .911          .911          .941 
BONDFUND       .875          .928          .919          .946          .919          .937 
UTILITY        .866          .8            .755          .844          .8            .733 
BIGBANKS       .857          .857          .857          .857          .857          1 
BEVERAGE       .8            .75           .8            .75           .85           .75 
DJI-13         .769          .692          .846          .769          .769          .692 
CHINA          .758          .693          .677          .677          .661          .709 
SOLAR          .736          .736          .736          .684          .736          .736 
INSURANC       .735          .794          .794          .794          .882          .882 
DOWJONES       .733          .733          .8            .733          .733          .766 
NIFTY          .733          .833          .766          .766          .8            .8 
HOMEBLDG       .722          .722          .722          .722          .722          .722 
SP-100         .67           .701          .711          .659          .721          .731 
N=13
-------------------------------------------------------------------------------------------
FINANCE        .659          .703          .703          .637          .692          .747 
INDEXES        .654          .654          .654          .668          .71           .728 
COMODITY       .647          .647          .633          .661          .69           .69 
MORNSTAR       .634          .714          .684          .659          .701          .739 
MILITARY       .622          .644          .666          .644          .644          .644 
GREEN          .612          .612          .677          .612          .677          .709 
SP500          .601          .625          .623          .613          .619          .641 
GAMING         .6            .7            .7            .6            .6            .7 
RUS-1000       .584          .614          .606          .601          .607          .641 
REGBANKS       .555          .5            .583          .527          .611          .638 
INFRA          .545          .545          .545          .454          .454          .454 
NASD-100       .537          .58           .569          .569          .537          .591 
SEMI           .534          .491          .465          .508          .534          .663 
REIT           .518          .575          .575          .575          .606          .663 
INDMATER       .51           .561          .581          .561          .591          .612 
N=15
-------------------------------------------------------------------------------------------
ELECTRON       .5            .479          .479          .494          .52           .613 
RETAIL         .5            .517          .5            .431          .396          .534 
BIOTECH        .476          .519          .515          .484          .523          .539 
SOFTWARE       .453          .484          .453          .453          .468          .562 
GOLD           .452          .471          .49           .603          .641          .735 
COMPUTER       .44           .4            .4            .36           .48           .52 
CHEM           .43           .5            .472          .43           .458          .472 
AUTO           .4            .4            .4            .375          .425          .5 
FOOD           .4            .466          .333          .333          .733          .6 
TRANSP         .4            .45           .45           .35           .4            .4 
EDU            .375          .375          .625          .5            .625          .5 
N=11
--------------------------------------------------------------------------------------------
HACKERS        .333          .388          .277          .388          .333          .388 
PIPELINE       .333          .333          .222          .222          .333          .222 
OILGAS         .31           .303          .348          .316          .386          .379 
COAL           .222          .333          .333          .222          .333          .333 
JETS           .222          .222          .222          .111          .111          .222 
HOSPITAL       .142          .142          .285          .285          .285          .285 
N=6


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

                       
8/7/2017 The two Buy B10s stand un-reversed,  but after 10 straight up-days,
                                       a decline is due.  Today's DJI rise is worrisome  Not only did the DJI
                                       close 1.8% over the 21-day ma, but the V-Indicator slipped back into
                                       negative territory and the A/D Line failed to confirm the DJI's high
                                       since there were 121 more decliners than advancers on the NYSE.


                                      
I've previously shown that streaking up-days usually precede
                                       a top by 2-4 weeks.  New research tonight based on today's
                                       non-confirming technicals when they take place with the DJI
                                       1.8% above the 21-dma in the Summer gives only two prior cases
                                       to study,  But in both instances, the DJI made one more advance to new highs
                                       a week later.  Then began an intermediate-term decline to
                                       the lower band.  This and what I call the new S3 experimental
                                       signals in tonight's research show that there is probably not
                                       much upside potential immediately ahead. 
Given the ferocity
                                       of new sell-offs under the influence of computerized program
                                       trading, it seems like it might be a good idea to take some profits
                                       and initiate new short positions in our Bearish MINCPs.


                                     
 We cannot help have noticed how difficult it has been for the
                                       DJI to fully tag the upper 3.5% band these last few years. 
                                       I worry that the DJI will not be able to get to the 2.4% upper band
                                       to give us a standard Sell S4. At least, until Professionals become
                                       net buyers and the Closing Power downtrends are broken, we
                                       should be cautious.
The next surge that takes the DJI to the upper
                                       2.4% band or higher will probably feature strength from the
                                       highest priced DJI stocks.  I would think that AAPL and the big bank
                                       and semi-conductor stocks will lead such an advance.  I would
                                       also stay long the foreign ETFs, especially the Chinese ETFs
                                       and stocks.
 Watch to see if NVDA can sustain its breakout today
                                       above 170.  If it cannot, that will not be a good sign
.





                                      
What is the past history when the DJI makes a new high, 1.75% or
                                       more above the 21-dma with the V-I negative and the A/D Line failing
                                       to confirm with more down than up on the NYSE?   As with S9-Vs,
                                       we only want to consider the cases between June and September.
   
                                                        A/D Line NC - V-I NNCs
                                       --------------------- Estimated Up and Down Volume ----------------------------------------
                                      
1929  4 of these signals appeared from 6/27 to 8/21 2 weeks before top)
                                       1935  Only of the 3 signals would have been profitable. The good one
                                                 occurred on 9/12 at the 3.4% upper band. Also a standard S2 there.
                                       1936  8/10 new signal was perfect.  No standard Peerless signal.
                                                 Occurred at 2.3% upper band.  DJI fell to lower band.
                                       1943  7/6 new signal took place a week before final top. DJI then
                                                 fell 12%.  This signal occurred at the 1.8% upper band (where we
                                                 are now).
                                       1954  9/28 new signal immediately followed by a drop to 1.75% lower band.
                                                 This took place at the 3.6% upper band.  There was no standard Peerless sell.

                                       ---------------------  Reliable Volume Data below -------------------------------------------------
                                                         la/ma   V-I   P-I    IP21  Standard Signal Also   Outcome
                                     
 7/17/1999  1.0375  -15   16    +.05   yes                                decline to lower band
                                      
8/16/1999  1.018   -136 -483  -.047  yes               12% decline began a week later. 
                                                   
7/16/2007  1.028    -60    88   -.003  yes                8% decline immediately begun.
                                                    
9/25/2007  1.025    -39   47   +.027 yes                two weeks before start of bear mkt.
                                                   
 8/2/2017    1.018    -38  183  +.052  No
       
 
    

1943

                                     
                                                      
8/7/2017
                  
                          PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                            Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                   new   CMG (Chipotle), LRCXSWKS,   TOWN
                   Ohers REN,  CVE and SWN (very low AI/200 stocks)

                        
8/7/2017   Bullish MAXCPs    Bearish MINCPs

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/7/17
Bullish = 28
Bearish = 15
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BONDFUND       .928          .919          .946          .919          .937          .937 
ETFS           .911          .911          .911          .911          .926          .926 
BIGBANKS       .857          .857          .857          .857          1             1 
NIFTY          .833          .766          .766          .8            .8            .8 
UTILITY        .8            .755          .844          .8            .733          .644 
INSURANC       .794          .794          .794          .882          .882          .911 
BEVERAGE       .75           .8            .75           .85           .75           .8 
SOLAR          .736          .736          .684          .736          .736          .736 
DOWJONES       .733          .8            .733          .733          .766          .733 
HOMEBLDG       .722          .722          .722          .722          .722          .555 
MORNSTAR       .714          .684          .659          .701          .739          .735 
FINANCE        .703          .703          .637          .692          .747          .67 
SP-100         .701          .711          .659          .721          .731          .721 
GAMING         .7            .7            .6            .6            .7            .6 
CHINA          .693          .677          .677          .661          .693          .677 
DJI-13         .692          .846          .769          .769          .692          .615 
N=16
===========================================================================================
INDEXES        .654          .654          .668          .71           .724          .757 
COMODITY       .647          .633          .661          .69           .69           .788 
MILITARY       .644          .666          .644          .644          .644          .666 
SP500          .627          .623          .613          .619          .639          .645 
RUS-1000       .615          .606          .601          .607          .641          .637 
GREEN          .612          .677          .612          .677          .677          .741 
NASD-100       .58           .569          .569          .537          .58           .569 
REIT           .575          .575          .575          .606          .673          .647 
INDMATER       .561          .581          .561          .591          .612          .581 
INFRA          .545          .545          .454          .454          .454          .545 
BIOTECH        .523          .515          .476          .531          .535          .566 
RETAIL         .517          .5            .431          .396          .517          .482 
N=12
==========================================================================================
CHEM           .5            .472          .43           .458          .472          .388 
REGBANKS       .5            .583          .527          .611          .638          .527 
==========================================================================================
SEMI           .491          .465          .508          .534          .663          .681 
SOFTWARE       .484          .453          .453          .468          .578          .531 
ELECTRON       .479          .479          .5            .52           .613          .623 
FOOD           .466          .333          .333          .733          .6            .866 
GOLD           .452          .49           .622          .66           .716          .773 
TRANSP         .45           .45           .35           .4            .4            .4 
AUTO           .4            .4            .375          .425          .5            .475 
COMPUTER       .4            .4            .36           .48           .52           .56 
HACKERS        .388          .277          .388          .333          .444          .333 
EDU            .375          .625          .5            .625          .5            .25 
N=10
===========================================================================================
COAL           .333          .333          .222          .333          .333          .333 
PIPELINE       .333          .333          .222          .333          .222          .222 
OILGAS         .31           .354          .316          .386          .367          .398 
JETS           .222          .222          .111          .111          .222          .222 
HOSPITAL       .142          .285          .285          .285          .285          .285 
N=5

==============================================================================
    
8/4/2017   PEERLESS remains on two Buy B10s.The odds favor a significant top
    not in August but in September if there is to be one.  But the DJI is now
    1.9% over its 21-day ma.  A rally of 120 points will take the DJI to the
     2.4% upper band.  That will not automatically produce a Peerless Sell.
     We will only get a Sell if the V-Indicator drops back below 0.  Watch
     the NYSE Up and Down volume at the close on Monday.  If they are about
     the same tomorrow, it will cause the V-I to drop back from +4 to below 0 and this will allow a Sell S9-V if the DJI closes above the 2.4% upper band.

  
We should believe such a Sell signal.  The A/D Line did not confirm the DJI's new high.  Only the DIA among the major ETFs is making new highs.
                Professionals are not bullish.  The Closing Powers are falling for MDY, QQQ, IWM, SOXL and IBB.  A weak close would turn the Closing Powers down below
     its 21-dma for DIA and SPY. On Friday, there were twice as many MINCPs than MAXCPs. And, the Hourly DISI-OBV is bearishly lagging the DJI rising prices. The most bearish statistic is that the number of Tiger Day Traders' Tool lows was 312.  There were only 37 TTT new highs.

                                 

  With the DJI now up 9 straight days, we know that some kind of a pullback is due soon. How soon will it lead to a decline below the lower band?

   We also understand that a bear market (DJI >20% decline) has not been seen since 2009.A bull market that lasts 8 1/2 years is rare.  So one would seem to be over-due.  Couple this with the tendency for DJI declines to quickly become "flash crashes" because of computerized program trading and we know we have to be concerned now that the DJI has risen nine straight days.
   Nothing will prevent mutual fund managers from loading up on leveraged short ETFs if that occurs.

                 NEW STUDY of Streaking Up-Days before Major Tops:
  
But there is good news for the bulls here.  It turns out that in only 2 of the 17 instances when the DJI rose 8 or more straight days before a major peak was the top a week or less away.  In 12 of the 17 cases, the top was two to fours weeks away. In the three other    cases it was more than two months away.   This study reinforces the conclusion drawn from another study I did a  week ago that showed that September peaks are 50% more likely than August tops.

          
Days before DJI Peaks following long Up-Day Streaks.

                  For up-day streaks of  8 or more: 17 cases.
                  Top immediately: 1 case    ( 71)
                  Top followed in 1 week:  1 case (67)
                  Top followed in 2-weeks to 4 weeks: 12 cases (6  29 48 59  61 66 68  87  89 90  07  10)
                  Top followed in 5-12 weeks 2 cases   (68 00)
                  Top followed in more than 3 months. 1 case  (66)
    
                       
8/4/2017
    
 PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                      Hourly DJIA    A/D Line for All Stocks                                 
                       DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                       DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                       Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                       Nifty-30 Index
           
            CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                       RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


     Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                          To STOCKS' CHARTS
 
                    
                       AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                       HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

         CMG (Chipotle), LRCXSWKS,   TOWN
         Others REN,  CVE and SWN (very low AI/200 stocks) 8/4/2017   Bullish MAXCPs    Bearish MINCPs            

            

                                     
                                    
 8/4/2017   Bullish MAXCPs     Bearish MINCPs
 
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/4/17
Bullish = 29
Bearish = 15
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BONDFUND       .919          .946          .919          .937          .937          .892 
ETFS           .911          .911          .911          .926          .911          .926 
BIGBANKS       .857          .857          .857          1             1             .857 
DJI-13         .846          .769          .769          .692          .615          .692 
BEVERAGE       .8            .75           .85           .75           .8            .8 
DOWJONES       .8            .733          .733          .766          .733          .766 
INSURANC       .794          .794          .882          .882          .911          .911 
NIFTY          .766          .766          .8            .8            .8            .833 
UTILITY        .755          .844          .8            .733          .644          .622 
SOLAR          .736          .684          .736          .736          .789          .789 
HOMEBLDG       .722          .722          .722          .722          .555          .666 
SP-100         .711          .659          .721          .731          .711          .721 
FINANCE        .703          .637          .692          .747          .681          .593 
GAMING         .7            .6            .6            .7            .633          .6 
MORNSTAR       .684          .659          .701          .739          .735          .743 
CHINA          .677          .677          .661          .693          .677          .741 
GREEN          .677          .612          .677          .677          .741          .709 
N=17
==========================================================================================
MILITARY       .666          .644          .644          .644          .666          .666 
INDEXES        .654          .668          .71           .724          .757          .771 
COMODITY       .633          .661          .69           .69           .788          .76 
EDU            .625          .5            .625          .5            .25           .375 
SP500          .625          .613          .619          .639          .643          .641 
RUS-1000       .607          .601          .607          .641          .635          .632 
REGBANKS       .583          .527          .611          .638          .527          .444 
INDMATER       .581          .561          .591          .612          .581          .612 
REIT           .575          .575          .606          .673          .658          .59 
NASD-100       .569          .569          .537          .58           .58           .612 
INFRA          .545          .454          .454          .454          .545          .272 
BIOTECH        .519          .476          .523          .543          .562          .614 
N=12
==========================================================================================
RETAIL         .5            .431          .396          .517          .465          .517 
==========================================================================================
ELECTRON       .479          .5            .525          .613          .628          .67 
CHEM           .472          .43           .458          .472          .388          .486 
GOLD           .471          .622          .679          .735          .754          .773 
SEMI           .465          .508          .534          .663          .689          .715 
SOFTWARE       .453          .453          .468          .578          .531          .578 
TRANSP         .45           .35           .4            .4            .4            .4 
AUTO           .4            .375          .425          .5            .475          .475 
COMPUTER       .4            .36           .48           .52           .56           .56 
OILGAS         .36           .322          .386          .367          .392          .398 
N=9
===========================================================================================
COAL           .333          .222          .333          .333          .333          .222 
FOOD           .333          .333          .733          .6            .866          .733 
PIPELINE       .333          .333          .333          .222          .222          .222 
HOSPITAL       .285          .285          .285          .285          .285          .285 
HACKERS        .277          .388          .333          .444          .333          .444 
JETS           .222          .111          .111          .222          .222          .333 
N=6


==============================================================================
                
8/3/2017   Peerless remains on the double Buy B10s. The DJI made its eighth straight up-day,
                                  As happened with yesterday's DJI rally, there were a lot more down than up.
                                  Down Volume is picking up dangerously.  The 10 day ma of NYSE Down Volume
                                  is now above Up-Volume despite the DJI new high. And the number of
                                  "Trap-door" stocks today rose to 25 from 18.  (These are stocks over $5 that
                                  fall 8% or more.)
                                
                                  With the DJI now 1.8% over the 21-day ma, we are only 0.6% away from a
                                  Peerless Sell S9-V.  Clearly, the risk of a pullback to the DJI's lower band would
                                  seem to be quite high.  But the DJI is running in all-time high territory.  Hot money
                                  from overseas (because the Dollar looks cheap) and from performance institutions
                                  is being channeled into the higher priced DJI stocks each day now, largely because this
                                  is where the quickest gains are to be found.  So, when we ask: "What is holding the
                                  market up?", we should see that the DJI's strength is actually not surprising.  It helps
                                  to appreciate that the DJI's most important function is to maintain an appearance of
                                  market strength to the broad public.  Historically, the discrepancy between the DJI
                                  and the broad market can get much bigger and much more grotesque.  (That is what
                                  distinguished the tops in September 1929, January1973 and January 2000.)  

                                  So, intermediate-term Peerless investors in the DJI should not sell yet.  Wait for Peerless to
                                  give a Sell. A top in September is 50% more likely than one in August.  Short-term traders,
                                  however, should be guided by the direction of the Closing Powers and 5-day ma trends.
                                  Only FAS shows a rising Closing Power and 5dma now.  The high (>+.15) levels of IP21
                                  for DIA, SPY, QQQ, SOXL and TECL do offer us hope that all these ETFs will find
                                  good support at horizontal and 65-dma support.





                                  We will watch SOXL tomorrow with interest because expected support should come in where
                                   it is now, at its rising 65-dma.  On the other hand, the Closing Powers for DIA and SPY
                                   are sitting on their 21-day ma.  This acts as CP support.  A violation would show Professionals
                                   expect lower prices over the next week or two.

                                                                            KEY ETFS

                                  ETF    Closing Power      5-dma         8/3/2016           5-dma Pivot         IP21      ITRS
                                                Trend                Trend<>        Close        Price for 8/4/2016                   50-day rel.str. vs DJI
                                  --------------------------------------------------------------------------------------------
                                  DIA           ?                    +53.5%       220+.06             218.02           
  +.276     ------
                                  SPY           ?                  
 -4.9%         246.96 -.48        246.91              +.353     -.024
                                  QQQ    
 Falling               -19.8%       143.39 -.56        143.84              +.304     -.022
                                  MDY     
Bearish             -67.8%        318.06 -.88        320.88             +.062     -.039  at 65-dma
                                  IWM      
Bearish            -99.2%        139.53 -.70        141.96              +.081     -.037 broke 65-dma
                                  SOXL   
 Falling             -245.7%         91.61 -1.10        95.31             +.231      -.041 at 65-dma
                                  TECL     
Falling               -16.3%        82.59 -.85           82.52             +.321      +.036
                                  IBB       
 Bearish              -82.2%        314.55 -2.49      321.82            +.018      +.029
                                  FAS      
 Bullish               +92.5%        52.65-.64           52.52              +.134      +.138
                                  YINN  

                                  <> Annualized rate of change.  250 times current pct change from previous day.

                                 
(With foreign ETFs, Closing Power is less important than simple momentum, chart patterns
                                             and the level of intra-day Accumulation (IP21).)


                                            
June's new Job number's remain over +200,000.  This seems solid but not so high
                                             as to call for a rate hike.

 
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007 240 89 190 80 143 75 -34 -20 88 84 114 98
2008 17 -84 -78 -210 -186 -162 -213 -267 -450 -474 -766 -694
2009 -793 -702 -823 -687 -349 -471 -329 -213 -220 -204 -2 -275
2010 23 -68 164 243 524 -137 -68 -36 -52 262 119 87
2011 43 189 225 346 77 225 69 110 248 209 141 209
2012 358 237 233 78 115 76 143 177 203 146 132 244
2013 211 286 130 197 226 162 122 261 190 212 258 47
2014 190 151 272 329 246 304 202 230 280 227 312 255
2015 234 238 86 262 344 206 254 157 100 321 272 239
2016 126 237 225 153 43 297 291 176 249 124 164 155
2017 216 232 50 207 145 231(P) 209(P)          
P : preliminary

 

 



                                 
                                                            Links To Charts
                                     
8/3/2017
                                    
  PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/D Line for All Stocks                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP 
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    

                                                   Nifty-30 Index
           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                      Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                      new   CMG (Chipotle), LRCXSWKS,   TOWN
                                           Others REN,  CVE and SWN (very low AI/200 stocks)                  
                                     
                                    
 8/3/2017   Bullish MAXCPs     Bearish MINCPs     

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/3/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BONDFUND       .946          .919          .937          .937          .892          .821 
ETFS           .924          .924          .939          .924          .924          .924 
BIGBANKS       .857          .857          1             1             .857          .857 
UTILITY        .844          .8            .733          .644          .622          .711 
INSURANC       .794          .882          .882          .911          .911          .852 
DJI-13         .769          .769          .692          .615          .692          .615 
NIFTY          .766          .8            .8            .8            .833          .833 
BEVERAGE       .75           .85           .75           .8            .8            .8 
DOWJONES       .733          .733          .766          .733          .766          .633 
HOMEBLDG       .722          .722          .722          .555          .666          .666 
SOLAR          .684          .736          .736          .789          .789          .736 
CHINA          .677          .661          .693          .677          .725          .709 
INDEXES        .668          .71           .724          .757          .771          .766 
N=13
============================================================================================
COMODITY       .661          .69           .69           .788          .76           .69 
MORNSTAR       .659          .701          .739          .735          .747          .789 
SP-100         .659          .721          .731          .711          .721          .68 
MILITARY       .644          .644          .644          .666          .644          .666 
FINANCE        .637          .692          .747          .681          .593          .659 
SP500          .615          .619          .639          .643          .639          .663 
GREEN          .612          .677          .677          .741          .709          .645 
GOLD           .603          .679          .754          .773          .754          .622 
RUS-1000       .602          .607          .641          .635          .629          .664 
GAMING         .6            .6            .7            .633          .6            .733 
REIT           .562          .595          .666          .65           .59           .628 
INDMATER       .561          .591          .612          .581          .612          .693 
NASD-100       .555          .522          .566          .566          .6            .644 
REGBANKS       .542          .628          .657          .542          .457          .514 
N=14
============================================================================================
EDU            .5            .625          .5            .25           .375          .25 
============================================================================================
SEMI           .481          .509          .645          .672          .7            .727 
BIOTECH        .475          .525          .537          .566          .616          .583 
ELECTRON       .475          .502          .601          .617          .655          .677 
INFRA          .454          .454          .454          .545          .272          .545 
SOFTWARE       .453          .468          .578          .531          .562          .625 
RETAIL         .431          .396          .517          .465          .517          .534 
CHEM           .43           .458          .472          .388          .472          .513 
HACKERS        .388          .333          .444          .333          .444          .444 
AUTO           .375          .425          .5            .475          .475          .55 
COMPUTER       .36           .48           .52           .56           .6            .56 
TRANSP         .35           .4            .4            .4            .4            .3 
N=11
============================================================================================
FOOD           .333          .733          .6            .866          .733          .666 
OILGAS         .329          .392          .367          .392          .392          .373 
HOSPITAL       .285          .285          .285          .285          .285          .285 
COAL           .222          .333          .333          .333          .222          .222 
PIPELINE       .142          .285          .142          .142          .142          .142 
JETS           .111          .111          .222          .222          .333          .222 
N=6


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

                
8/2/2017   Peerless remains on the double Buy B10s. But now the DJI has closed 1.8%
                                  over the 21-day ma and the DJI's 52 point rally today to a new high looked false
                                  and potentially dangerous.   For one thing, AAPL, by itself, accounted for all but 4 of the
                                  points gained today. For another, only four of the 30 DJI stocks made new highs today.
                                  What's more, there were 593 more NYSE decliners than advancers and on the
                                  NASDAQ there was almost 1200 more down than up. MDY (midcaps) and IWM
                                  (Russell-2000) fell today and the NASDAQ closed unchanged even with
                                  AAPL's big jump. 

                                  But most bull markets end in excess.  A climactic vertical ascent by the Nifty-30
                                  might be what is in store for us now.  I've previously explained the dynamics
                                  of how this works.  We want to watch our Tiger Index of the Nifty-30 for a
                                  breakout above the top of its price channel.  This could start a violent vertical ascent.
                                  The big advance of BA this year may be a foretaste of what lies ahead.
                                 

                                  Much depends now on whether the DJIA does not get much further ahead of the
                                  rest of the market.  Another 170 point burst upwards tomorrow will likely bring a
                                  reversing Sell S9V.  Until then, intermediate-term investors in the DJIA or DIA
                                  should wait to sell.  Here traders should be watching the trend DIA's Closing Power
                                  and the trend of the 5-day ma.  DIA's Closing Power is still rising and its 5-day ma
                                  upswing will not easily be reversed tomorrow.





                          



                                    
SPY needs to improve relative to the DJI.  See below how SPY has under-performed
                                     DIA over the last 50 trading days by 2.1%.  In addition, a weak closing vis-a-vis
                                     its opening tomorrow will probably cause its Closing Power to drop bearishly below
                                     its 21-day ma.  A weak close tomorrow will also cause its 5-day ma to turn down.
                                     That would warn of an SPY decline to its rising 65-dma support.

    

                                
QQQ is also under-performing the DJIA.  Its Closing Power is in a downtrend.
                                 But its Accumulation Index is also quite high, like SPY's  If it does turn down,
                                 I would think that were will be very good support at its rising 65-dma.
                                 I would avoid it for now. 
                         



                                                        Links To Charts
                                     
8/2/2017
                                     
 PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/DLine for All Stocks.                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    


           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                      Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                      new   CMG (Chipotle), LRCXSWKS,   TOWN
                                           Others REN,  CVE and SWN (very low AI/200 stocks)                  
                                     
                                    
 8/2/2017   Bullish MAXCPs     Bearish MINCPs      

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              8/2/17
33 BULLISH
13 BEARISH
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BONDFUND       .919          .937          .937          .892          .821          .875 
ETFS           .911          .926          .911          .911          .926          .97 
INSURANC       .882          .882          .911          .911          .852          .941 
BIGBANKS       .857          1             1             .857          .857          .857 
BEVERAGE       .85           .75           .8            .8            .8            .8 
NIFTY          .8            .8            .8            .833          .833          .933 
UTILITY        .8            .733          .644          .622          .711          .711 
DJI-13         .769          .692          .615          .692          .615          .461 
SOLAR          .736          .736          .789          .789          .736          .789 
DOWJONES       .733          .766          .733          .766          .633          .533 
FOOD           .733          .6            .866          .733          .666          .466 
HOMEBLDG       .722          .722          .555          .666          .666          .666 
SP-100         .721          .731          .711          .721          .68           .639 
INDEXES        .71           .724          .757          .771          .761          .757 
MORNSTAR       .701          .739          .735          .747          .785          .777 
COMODITY       .7            .7            .8            .771          .7            .642 
FINANCE        .692          .747          .681          .593          .659          .714 
GREEN          .677          .677          .741          .709          .645          .709 
N=19
===========================================================================================
CHINA          .661          .693          .677          .725          .709          .774 
GOLD           .66           .754          .792          .773          .603          .773 
MILITARY       .644          .644          .666          .644          .666          .666 
EDU            .625          .5            .25           .375          .25           .375 
SP500          .618          .638          .642          .64           .657          .669 
REGBANKS       .611          .638          .527          .444          .444          .611 
REIT           .606          .673          .658          .601          .637          .611 
RUS-1000       .602          .638          .631          .625          .655          .674 
GAMING         .6            .7            .633          .6            .733          .766 
INDMATER       .591          .612          .581          .612          .683          .683 
SEMI           .534          .663          .689          .715          .732          .818 
BIOTECH        .527          .535          .562          .618          .574          .653 
ELECTRON       .525          .618          .634          .664          .68           .747 
NASD-100       .522          .566          .566          .6            .622          .7 
N=14
===========================================================================================
COMPUTER       .48           .52           .56           .6            .56           .64 
SOFTWARE       .468          .578          .531          .562          .625          .703 
CHEM           .458          .472          .388          .472          .513          .527 
INFRA          .454          .454          .545          .272          .454          .454 
PIPELINE       .444          .333          .222          .222          .222          .222 
AUTO           .425          .5            .475          .475          .55           .6 
TRANSP         .4            .4            .4            .4            .3            .45 
OILGAS         .398          .373          .392          .392          .373          .398 
RETAIL         .396          .517          .465          .517          .534          .482 
N=9
===========================================================================================
COAL           .333          .333          .333          .222          .222          .444 
HACKERS        .333          .444          .333          .444          .444          .666 
HOSPITAL       .285          .285          .285          .285          .285          .428 
JETS           .111          .222          .222          .333          .222          .333 
N=4


==============================================================================
                        
8/1/2017    Peerless remains on the double B10s.  We have to expect higher prices.
                                           Remember that prices run most easily when they are making all-time highs
                                           and sellers cannot easily concentrate their offerings.

                                           The DJI will have to rally 188 points higher tomorrow to get a Sell. 
                                           A DJI close above 22150 will produce a Sell S9-V, assuming the accompanying
                                           NYSE breadth and Up and Down Volume are similar to today's numbers.
                                           A new study tonight suggests that tops are 50% more likely to occur
                                           in September than August.

                                           However, there are worrisome signs.  The Hourly DISI/OBV Line is much
                                           weaker than the DJIA's price chart.  And why are Professionals net sellers?
                                           This we judge from the fact that  the TigerSoft Opening Powers for DIA, SPY
                                           and QQQ are much stronger than the down-trending blue Closing Powers. 
                                           I take this to mean either foreigners are buying US stocks or market makers
                                           are rigging higher openings to better distribute their positions.

                                           If the Closing Powers for DIA, SPY and QQQ start making new 12-month
                                           highs, or just break their downtrends, it will be bullish.  It will mean Professionals
                                           have switched to becoming aggressive buyers again.  Another thing to watch is
                                           how our Nifty-30 Index does.  Specifically, it will be bullish if this Index can
                                           breakout above the top of its price-channel resistance line.                         

DIA
SPY
QQQ
Nifty-50


                                                           
  Should We Wait for September To Sell?

                                           Historically, we are 50% likely to see a top in September than August.
                                           Looking back at ball markets when the DJI pulls back more than 5%, we
                                           see 13 August peaks since 1929 and 20 September peaks.  The subsequent
                                           August declines are generally shallower than the September peaks.  There
                                           are a few cases where Peerless did not give a Sell at the August peak.  There
                                           are no such cases in September.  The DJI tends to move further from the
                                           21-dma at the September peaks.  See the new study here. 

                                           The DJI typically rises at the end of bull market while most other stocks
                                           lag.  Normally, the A/D Line's non-confirmation of DJI highs at the end
                                           of the advance are the market's "tell" that the end is near.  Red distribution
                                           and an S12 are the next most common way bull market's signal they are
                                           ready to reverse.  After these two signs of a top, head/shoulders tops are
                                           the next most common warnings.  Last, but not least, are Sell S9Vs, where
                                           the DJI closes above the 2.4% (usually) band with the V-I negative. It
                                           is this last type of reversal we might be getting in a few days.

                                           But it hasn't happened yet and I don't think we should anticipate it.
                                           Because of the weak Dollar and pullback in short-term rates, we have
                                           been given some trends to play.  Those are Chinese stocks, ETFs and Gold.
                                           Meanwhile, there are many oil/gas stocks in our Bearish MINCPs.
                                           Usually when one industry dominates the Bearish MINCPs, the downtrend
                                           in these stocks will continue long enough to make good trades.  But we
                                           do want to close out most short sales when the Closing Power downtrend
                                           is violated.

                                           Most likely, the leading tech stocks and ETFs will stay in their trading ranges.
                                           I have suggested buying NVDA at 160 or when it closes above its 5-day ma
                                           pivot point.  


                                           
8/1/2017
                                     
 PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/DLine for All Stocks.                                 
                                                   DJIA    S&P    OEX    NYSE    NASDAQ   COMPQX with CP
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    


           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                      Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                      new   CMG (Chipotle), LRCXSWKS,   TOWN
                                           Others REN,  CVE and SWN (very low AI/200 stocks)                  
                                     
8/1/2017   Bullish MAXCPs     Bearish MINCPs      

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               8/1/17
34 Bullish
10 Bearish
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             1             .857          .857          .857          .857 
ETFS           .939          .924          .924          .939          .969          .909 
BONDFUND       .937          .937          .892          .821          .875          .758 
INSURANC       .882          .911          .911          .852          .941          .941 
NIFTY          .8            .8            .833          .833          .933          .933 
DOWJONES       .766          .733          .766          .633          .533          .533 
GOLD           .76           .8            .8            .62           .8            .4 
BEVERAGE       .75           .8            .8            .8            .8            .7 
FINANCE        .747          .681          .593          .659          .714          .769 
MORNSTAR       .739          .735          .747          .785          .777          .819 
SOLAR          .736          .789          .789          .736          .789          .789 
UTILITY        .733          .644          .622          .711          .711          .555 
SP-100         .731          .711          .721          .68           .639          .68 
INDEXES        .724          .757          .771          .761          .757          .757 
HOMEBLDG       .722          .555          .666          .666          .666          .611 
GAMING         .714          .642          .607          .75           .785          .785 
CHINA          .693          .677          .725          .709          .758          .725 
DJI-13         .692          .615          .692          .615          .461          .461 
COMODITY       .69           .788          .76           .69           .633          .549 
GREEN          .677          .741          .709          .645          .709          .709 
REIT           .673          .658          .601          .637          .606          .58 
N=21
============================================================================================
MILITARY       .666          .692          .666          .692          .692          .794 
SEMI           .663          .689          .715          .732          .827          .741 
REGBANKS       .657          .542          .457          .457          .6            .742 
RUS-1000       .643          .635          .629          .659          .677          .707 
SP500          .638          .642          .64           .657          .673          .683 
INDMATER       .612          .581          .612          .683          .673          .755 
ELECTRON       .601          .617          .655          .672          .748          .693 
FOOD           .6            .866          .733          .666          .466          .333 
SOFTWARE       .578          .531          .562          .625          .703          .718 
NASD-100       .566          .566          .6            .622          .7            .666 
BIOTECH        .539          .562          .61           .582          .661          .653 
COMPUTER       .52           .56           .6            .56           .64           .64 
RETAIL         .517          .465          .517          .534          .482          .482
N=13 
===========================================================================================
AUTO           .5            .475          .475          .55           .625          .65 
===========================================================================================
CHEM           .472          .388          .472          .513          .527          .666 
INFRA          .454          .545          .272          .454          .454          .727 
HACKERS        .437          .312          .437          .437          .687          .687 
TRANSP         .4            .4            .4            .3            .5            .55 
OILGAS         .377          .397          .397          .377          .39           .397 
COAL           .333          .333          .222          .222          .444          .444 
EDU            .333          0             .166          0             .166          .333 
HOSPITAL       .285          .285          .285          .285          .428          .714 
JETS           .222          .222          .333          .222          .444          .555 
PIPELINE       .142          .142          .142          .142          .142          .285 
N=10


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

                                     
7/31/2017      No Peerless Sell, so expect the DJI to rally higher. It would
                                      now take a DJI rally to 22126 where the 2.4% crosses now to get Peerless
                                      to give a Sell.  The DJI would have to rally 235 points to achieve a Sell S9-v,
                                      which would be based on the negative readings from the V-Indicator.  I would
                                      not try to anticipate the Sell. Many times, even with a Sell S9-V attached, the
                                      DJI must still tag the upper 3.5% for a few days before reversing.  


                                     
The Tiger Nifty-30 are positioned now to have a wild vertical ascent if thisindex
                                      moves higher.  NVDA is the #1 stock in this group.  If there is a strong close
                                      tomorrow, things will may get very exciting for the top performers.  Shorts
                                      will be run in mercilessly.




                                      
The rally has become defensive and based on the expectation that the
                                       Fed will not be raising rates this month and perhaps not even in September.
                                       Short-term rates appear to be in only a temporary pull-back, but the
                                       bullish behavior of defensive stocks (shown below) suggests the rate decline
                                       may continue longer than most expect.  That interpretation, at least explains
                                       the falling Dollar and the rallying now seen in Utilities and Bonds.  Immediately
                                       below are the industry groups with the highest percentage of their component
                                       stocks above their 65-dma.

                                              
 Groups with Highest Pct of Their Components over 65-dma
                 
 
                                              BONDFUND               93.7% 
                                              FOREIGN ETFS         91.1%    
                                              INSURANCE              91.1% 
                                              FOOD                          86.6%      
                                              BEVERAGE               80.0%   
                                              NIFTY-30                    80.0%        
                                              GOLD                         79.2%
   

                                       
The one non-defensive exception here are the NIFTY-30 stocks.  These are the
                                        super performers of our era.  They will hold up or keep rising until the bitter end because
                                        institutional money managers keep piling new money into this group. Why?  Because
                                        these money mangers need to have their portfolios perform really well if they are going
                                        to get bonuses.  Of course, they are hoping that they will get out before these stocks
                                        turn down very far.  But they also understand that even if they do not get out before
                                        prices in these high-fliers drop drastically, no one will be able to take back all the
                                        lavish pay and bonuses that they have already received.  I this explains Boeing's super
                                        rise in the last week. 

                                     
  In Tiger's composite chart of our Tiger-30 Index below, see how close the group
                                        is to making a breakout above the top of its price-channel.  If this happens,
                                        expect an exciting and steep rally. 





                                                           
 
 

              Performance of NIFTY-30 Stocks    Days back= 249 
                                8 / 3 / 2016 - 7 / 31 / 2017 
Rank          Symbol        Name                         Price        Pct.Gain      
---------     -----------------------------------       ----------    ----------- 
 1            NVDA          NVIDIA Corporation           162.51        189%        
 2            HSKA          Heska Corp                   109.54        125%             
 3            PLUS          Eplus Inc                    92            92%         
 4            CPA           Copa Holdings S.A.           125.46        91%         
 5            ALGN          Align Tech Inc               167.23        81%            
 6            NVR           Nvr Inc                      2610.44       55%         
 7            ATVI          Activision Blizzard` Inc     61.78         52%        
 8            ADBE          Adobe Systems Inc            146.49        51% 
 9            VRTX          Vertex Pharmaceuticals Inc   151.82        51% 
 10           AVGO          Avago Technologies Limited   246.66        50% 
 11           PCLN          Priceline Group Inc          2028.5        47%  
 12           TSLA          Tesla Motors Inc             323.47        43%
 13           AAPL          Apple Inc                    148.73        40% 
 14           CHDN          Churchills Downs Inc         187.05        40% 
 15           FB            Facebook Inc                 169.25        38%  
 16           ISRG          Intuitive Surgical Inc       938.26        36% 
 17           ADP           Automatic Data Processing    118.91        34%  
 18           AMZN          Amazon.Com Inc               987.78        30% 
 19           MSFT          Microsoft Corp               72.7          27% 
 20           CTAS          Cintas Corp                  134.85        26%  
 21           XLNX          Xilinx Inc                   63.26         24%  
 22           FISV          Fiserv Inc                   128.5         23% 
 23           JNPR          Juniper Networks             27.95         23% 
 24           EQIX          Equinix Inc                  450.73        21%    
 25           GOOG          Google Inc                   930.5         20% 
 26           AMT           American Tower Corp          136.33        17%
 27           EXPD          Expeditors International     58.88         15%  
 28           LMT           Lockheed Martin Corp         292.13        13%  
 29           REGN          Regeneron Pharm Inc          491.62        11% 
 30           HD            Home Depot Inc               149.6         9%                           49%           51%



                                                                             7/31/2017

                                     
 PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/DLine for All Stocks.                                 
                                                   S&P    OEX    NYSE    NASDAQ   COMPQX with CP
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    


           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN


                                      Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                      new   CMG (Chipotle), LRCXSWKS,   TOWN
                                           Others REN,  CVE and SWN (very low AI/200 stocks)                  
                                     
7/31/2017   Bullish MAXCPs     Bearish MINCPs     

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              7/31/17
Bullish = 34
Bearish = 11
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             .857          .857          .857          .857          .857 
BONDFUND       .937          .892          .821          .875          .758          .83 
ETFS           .911          .911          .926          .955          .897          .911 
INSURANC       .911          .911          .852          .941          .941          .852 
FOOD           .866          .733          .666          .466          .333          .8 
BEVERAGE       .8            .8            .8            .8            .65           .65 
NIFTY          .8            .833          .833          .933          .933          .933 
GOLD           .792          .792          .622          .773          .396          .471 
SOLAR          .789          .789          .736          .789          .789          .736 
COMMODITY      .788          .76           .69           .633          .549          .633 
INDEXES        .757          .771          .761          .757          .752          .7 
GREEN          .741          .709          .645          .709          .709          .677 
MORNSTAR       .735          .747          .785          .777          .815          .794 
DOWJONES       .733          .766          .633          .533          .533          .633 
SP-100         .711          .721          .68           .639          .68           .649 
SEMI-CONDUCTORS.689          .715          .732          .827          .758          .75 
FINANCE        .681          .593          .659          .714          .769          .67 
CHINA          .677          .725          .709          .758          .725          .709 
N=18
=============================================================================================
MILITARY       .666          .644          .666          .666          .733          .777 
REIT           .658          .601          .637          .606          .585          .569 
SP-500         .645          .639          .655          .671          .683          .677 
UTILITY        .644          .622          .711          .711          .555          .644 
RUS-1000       .636          .629          .659          .677          .705          .684 
ELECTRON       .634          .67           .685          .752          .711          .716 
GAMING         .633          .6            .733          .766          .766          .733 
DJI-13         .615          .692          .615          .461          .461          .615 
INDMATER       .581          .612          .683          .673          .734          .704 
NASD-100       .58           .612          .634          .709          .677          .688 
BIOTECH        .566          .61           .574          .669          .661          .669 
COMPUTER       .56           .6            .56           .64           .68           .68 
HOMEBLDG       .555          .666          .666          .666          .666          .666 
INFRA          .545          .272          .454          .454          .818          .545 
SOFTWARE       .531          .562          .625          .703          .703          .703 
REGBANKS       .527          .444          .444          .583          .722          .611 
N=16
===========================================================================================
AUTO           .475          .475          .55           .625          .65           .6 
RETAIL         .465          .517          .534          .482          .482          .344 
OILGAS         .405          .398          .373          .386          .392          .329 
TRANSP         .4            .4            .3            .5            .55           .55 
CHEM           .388          .472          .513          .527          .666          .638 
COAL           .333          .222          .222          .444          .444          .444 
HACKERS        .333          .444          .444          .666          .666          .666 
PIPELINE       .333          .333          .222          .222          .333          .333 
HOSPITAL       .285          .285          .285          .428          .714          1 
EDU            .25           .375          .25           .375          .5            .5 
JETS           .222          .333          .222          .444          .555          .555 
N=11
============================================================================================


===============================================================================
                    
 7/28/2017      No Peerless Sell, so expect the DJI to rally more.  I would prefer to buy
                                            the leading Chinese stocks now instead of tech ETFs, which show a need
                                            to consolidate.  But NVDA is the strongest of the techs. It shows no willingness
                                            to stay down.  As such, it is the real leader of this group. Despite, the mid-week
                                            tech retreat, traders seem ready now to make NVDA breakout from its recent
                                            140-170 Darvas box.  Good support for it is now at 160, just above its 21-dma.
                                            A close only two points higher will turn up its 5-day ma and give our QuickSilver
                                            traders a Buy signal on it.

                                            The general market's rally is getting a lot of help from signs that the
                                            Fed will not be raising rates as soon as was previously expected.


                                                                         Two Buy B10s' History

                                            The second Buy B10 on the DJI's chart should allow it to move somewhat higher.
                                            We gauge this from the three cases since 1965 when there was a pair of Buy B10s.
                                            In two of the three cases, there was no sell signal until the DJI closed 2.5% over the
                                            21-dma.  In the third case, a reversing Sell S12 occurred with the DJI only 1.8%
                                            above the 21-dma.  Since the DJI's key values show the DJI now 1.3% above 21-dma,
                                            we could get a reversing Sell if the DJI advances 0.5% to 0.6% higher and the
                                            DJI's IP21 turns negative.  It now stands at a +.014.  A Sell S9-V is more likely.
                                            Our V-I readings are quite negative, -30.  This means on a DJI close 1.2% to 1.3%
                                            higher, we will probably get a Sell S9V.
                                       
                                                                      Signal   
Gain     Internals
                                                   
8/17/1965   B10    +.102
                                                    9/16/1965   B10    +.058
                                                    1/6/1966     S12                  la/ma = 1.025   P=34   IP21=-.042  V=+6
                                                    -------------------------------------------------------------------------
                                                    1/9/2006     B10    +.051
                                                    3/16/2006   B10    +.029 
                                                    5/5/2006     S9                  la/ma=1.026     P=-10  IP21 = +.035   V = -62
                                                    ----------------------------------------------------------------------------
                                                    1/18/2012   B10    +.043
                                                    3/14/2012   B10    -.005
                                                    5/1/2012     S12                la/ma=1.018       P=78  IP21=-.003     V=-87
                                                    ----------------------------------------------------------------------------
                                                    6/2/2017     B10
                                                    7/27/2017   B10
                                                    7/28/2017   No signal       la/ma=1.013       P=211  IP21= .014      V=-30
                                    




                      
   The Dollar Is Falling, Yet No Interest Rate Hike Seems in Sight.



           
The market is apparently being held up by a belief that the FED will not soon be raising
            interest rates.  See at top of Hotline tonight how the Short-term rates' chart now shows
            a pull back is starting.  This has caused the Dollar to breakdown to 12-month lows boosted
            foreign ETFs and Chinese stocks, in particular.  It is also causing Gold and gold stocks to rebound. 
            I believe these trends will likely continue. It looks like the FED is not yet willing to defend the Dollar
            and is afraid to raise interest rates until there is more evidence of inflation. With Crude Oil rising,
            we will want to watch to see what the next CPI figures show.  The different outlook for interest rates
            has been a big help to some retail stocks.  Many consumers very dependent on how large the
            charges are on their credit cards.  But I would not buy the big retailers yet.  The falling Dollar makes
            the imports that retailers sell more expensive.  This is especially evident with Home Depot.

                                     
       Chinese Stocks Should Keep Rising.
           




                                    


                           The NASDAQ Needs to Consolidate Its Gains


          
Thursday's red popsicles are a warning to us, I think, to avoid the NASDAQ and most 
           high tech ETFs. 




 
                                 
NVDA appears ready to breakout above its 170 resistance.
                                  A close 2 points above Friday's close will turn up its 5-dma.
                                  Expect its Closing Power to break its recent down-trend to
                                  confirm the breakout over 170.

                                     



                                       7/28/2017

                                     
 PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/DLine for All Stocks.                                 
                                                   S&P    OEX    NYSE    NASDAQ   COMPQX with CP
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    


           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN
 

                                      Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                      new   CMG (Chipotle), LRCXSWKS,   TOWN
                                           Others REN,  CVE and SWN (very low AI/200 stocks)                  
                                     
7/28/2017   Bullish MAXCPs     Bearish MINCPs     

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              7/28/17
Bullish = 33
Bearish = 18
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .911          .926          .955          .897          .897          .926 
INSURANC       .911          .852          .941          .941          .852          .852 
BONDFUND       .892          .821          .875          .758          .83           .883 
BIGBANKS       .857          .857          .857          .857          .857          .857 
NIFTY          .833          .833          .933          .933          .933          .9 
BEVERAGE       .8            .8            .8            .65           .65           .75 
GOLD           .792          .622          .792          .396          .433          .584 
SOLAR          .789          .736          .789          .789          .736          .736 
INDEXES        .771          .761          .757          .752          .7            .728 
DOWJONES       .766          .633          .533          .533          .633          .6 
COMODITY       .757          .685          .628          .542          .628          .614 
MORNSTAR       .747          .785          .777          .815          .802          .806 
FOOD           .733          .666          .466          .333          .8            .8 
CHINA          .725          .709          .758          .725          .709          .758 
SP-100         .721          .68           .639          .68           .649          .649 
SEMI           .715          .732          .827          .758          .75           .75 
GREEN          .709          .645          .709          .709          .677          .709 
DJI-13         .692          .615          .461          .461          .615          .615 
ELECTRON       .67           .685          .757          .711          .716          .721 
N=19
===========================================================================================
HOMEBLDG       .666          .666          .666          .666          .666          .666 
MILITARY       .644          .666          .666          .733          .777          .777 
SP500          .641          .655          .671          .683          .675          .699 
RUS-1000       .627          .656          .675          .704          .68           .698 
UTILITY        .622          .711          .711          .555          .666          .755 
BIOTECH        .614          .574          .661          .669          .669          .673 
INDMATER       .612          .683          .673          .734          .704          .724 
REIT           .601          .637          .606          .585          .569          .616 
COMPUTER       .6            .56           .64           .68           .68           .72 
GAMING         .6            .733          .766          .766          .766          .733 
NASD-100       .6            .622          .7            .666          .666          .666 
FINANCE        .593          .659          .714          .769          .692          .648 
SOFTWARE       .562          .625          .703          .703          .718          .703 
RETAIL         .517          .534          .482          .482          .344          .396 
N=14
===========================================================================================
AUTO           .475          .55           .625          .65           .6            .7 
CHEM           .472          .513          .527          .666          .638          .625 
HACKERS        .444          .444          .666          .666          .666          .611 
REGBANKS       .444          .444          .583          .722          .611          .472 
OILGAS         .405          .379          .386          .392          .329          .335 
TRANSP         .4            .3            .5            .55           .55           .6 
EDU            .375          .25           .375          .5            .5            .5 
N=7
==========================================================================================
JETS           .333          .222          .444          .555          .555          .666 
PIPELINE       .333          .333          .222          .333          .333          .333 
HOSPITAL       .285          .285          .428          .714          1             .857 
INFRA          .272          .454          .454          .818          .545          .545 
COAL           .222          .222          .444          .444          .444          .444 
N=11



==============================================================================
                    
7/27/2017     Peerless is stubbornly bullish in here. It cannot easily give a Sell without the DJI closing
                                          well above 22000.  Let's not try to predict that it advance, as we do not know
                                          what the accompanying internals will be.  The DJI often stays strong when other
                                          segments of the market weaken.  That is it's job.  It is keeping up the appearance
                                          of strength before the public, saying in effect: "All is well.  See how the DJIA is now
                                          rising to new all-time highs".


                                         
The existing Peerless Buy was nominally augmented with a Buy B10 today.
                                          But without the big gains of BA (+7.55) and VZ (+3.41), the DJI would have
                                          been up less than 10 points.  When we take into the huge +21 point gain of Boeing
                                          yesterday, we get the sense that this a highly suspicious advance, especially
                                          since today there were 290 more decliners than advancers on the NYSE ,
                                          Besides that, NYSE Down Volume was once again higher than Up Volume. 

                                          Making matters worse, most big tech stocks and ETFs today produced
                                          what we call "red popsicles" as well as Closing Power uptrend-breaks
                                          following new highs that their Closing Power failed to confirm.                                          

                                          We know that selectivity is especially important now. With the Dollar so weak,
                                          stick with the high Accumulation ETFs, especially CHN and YINN.  Stay
                                          clear of the tech stocks for now.  I would think that GLD and JNUG must rise
                                          as the Dollar declines.  I see no signs that the FED is about to raise rates to change
                                          this picture.  Shorting some of the weakest MINCPs now should help, too.


                                                                      Note the new B10.




                      
                  Red Popsicles can end a long bull market!



                                         
"Red popsicles" appear on the Tiger candle-stick charts when the closing price
                                          is significantly below the opening price.  These are reliably bearish in advancing stocks
                                          when the opening is up for the day by a good amount, but then prices fade badly
                                          and drop way below the previous day's close.  They are especially bearish if the
                                          prices end near the day's low. That last condition produces the "red popsicles"
                                          as opposed to the "red rolling pins".
       
                                          Today shows how important it is for t
raders to be on the look out for these
                                          false up-openings in those stocks that have previously been rallying with the
                                          the stock closing regularly above the opening day after day.  Where the stock
                                          is rallying on weak Closing Power, there is added vulnerability.  Traders should
                                          understand what makes a red Candle-Stick in these CP NC stocks.  Another
                                          thing, the amount of the red in the candle-stick chart will frequently dwarf the bodies
                                          of blue seen in any of the preceding days. This shows the advance is in trouble
                                          and a decline is likely.



                                          We see this clearly now in tech leaders, AAPL, AMAT, AMZN, MSFT and NVDA. 
                                          We suspect that traders became aware of the DJI's irregular and probably false
                                          advance Wednesday and Thursday and were quick to sell when today's higher
                                          opening was reversed.  

   

                            



                         
 7/27/2017
                                     
 PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/DLine for All Stocks.                                 
                                                   S&P    OEX    NYSE    NASDAQ   COMPQX with CP
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    


           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN
 

                                      Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                      new   CMG (Chipotle), LRCXSWKS,   TOWN
                                           Others REN,  CVE and SWN (very low AI/200 stocks)                  
                                     
7/27/17   Bullish MAXCPs     Bearish MINCPs     
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               7/27/17
Bullish = 35
Bearish = 10
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .926          .955          .897          .897          .911          .941 
BIGBANKS       .857          .857          .857          .857          .857          .857 
INSURANC       .852          .941          .941          .852          .852          .882 
NIFTY          .833          .933          .933          .933          .9            .9 
BONDFUND       .821          .875          .758          .83           .883          .883 
BEVERAGE       .8            .8            .65           .65           .75           .8 
MORNSTAR       .785          .777          .815          .802          .806          .823 
INDEXES        .761          .757          .752          .7            .728          .719 
SOLAR          .736          .789          .789          .736          .736          .736 
GAMING         .733          .766          .766          .766          .733          .733 
SEMI           .732          .827          .758          .75           .75           .784 
UTILITY        .711          .711          .555          .666          .755          .688 
CHINA          .709          .758          .725          .709          .758          .741 
COMODITY       .685          .628          .542          .628          .614          .585 
ELECTRON       .685          .757          .716          .716          .721          .747 
INDMATER       .683          .673          .734          .704          .734          .734 
SP-100         .68           .639          .68           .649          .649          .69 
N=17
============================================================================================
FOOD           .666          .466          .333          .8            .8            .8 
HOMEBLDG       .666          .666          .666          .666          .666          .666 
MILITARY       .666          .666          .733          .777          .777          .777 
RUS-1000       .66           .677          .705          .681          .694          .71 
FINANCE        .659          .714          .769          .692          .648          .736 
SP500          .657          .671          .683          .675          .693          .709 
GREEN          .645          .709          .709          .677          .709          .709 
REIT           .637          .606          .585          .569          .595          .595 
NASD-100       .634          .709          .677          .677          .655          .709 
DOWJONES       .633          .533          .533          .633          .6            .6 
SOFTWARE       .625          .703          .703          .718          .703          .75 
GOLD           .622          .792          .415          .433          .566          .452 
DJI-13         .615          .461          .461          .615          .615          .615 
BIOTECH        .578          .661          .661          .677          .669          .681 
COMPUTER       .56           .64           .68           .68           .72           .68 
AUTO           .55           .625          .65           .6            .675          .725 
RETAIL         .534          .482          .482          .344          .396          .379 
CHEM           .513          .527          .666          .638          .638          .666 
N=18
===========================================================================================
INFRA          .454          .454          .818          .545          .545          .454 
REGBANKS       .444          .583          .722          .611          .472          .583 
HACKERS        .437          .687          .687          .687          .625          .687 
OILGAS         .386          .392          .392          .329          .335          .405 
===========================================================================================
PIPELINE       .333          .333          .333          .333          .333          .333 
TRANSP         .3            .5            .55           .55           .6            .65 
HOSPITAL       .285          .428          .714          1             .857          .857 
EDU            .25           .375          .5            .5            .5            .75 
COAL           .222          .444          .444          .444          .444          .444 
JETS           .222          .444          .555          .555          .666          .777 
N=10



===============================================================================
                    
7/26/2017     The Peerless Buy still stands.  Without today's 21 point leap up
                                          by Boeing, the DJI would actually have been down more than 40
                                          points.  Boeing has now taken over from Goldman Sachs the position
                                          of being the DJI-30's highest priced and therefore most influential
                                          stock.  Boeing's earnings are hot from military spending and from
                                          better foreign sales of jets because of a weaker Dollar.


                                         
Keep in mind that the A/D Line remains bullishly pointing up,
                                          there is no head and shoulders pattern yet, the DJI is still 400
                                          points below the upper band and a declining Dollar is not automatically
                                          bearish and will help American exporters, though Big Bankers
                                          and Bond Holders will loudly complain to the Fed.

                                          But the number of Trap-Door stocks is rising and anything
                                          that looks like a head/shoulders pattern is causing traders to
                                          dump.  Hedge and buy Chinese ETFs because of the falling
                                          Dollar.  JNUG is also recommended for those with strong nerves.




                                         
NYSE Down volume was 100 million higher than Up Volume, too.
                                          Our Accumulation Index (IP21) is now -.043.  So, with the DJI rising
                                          so artificially, how much more of a DJI rally would it take to produce
                                          a Peerless major Sell?  Assuming breadth and volume are like today,
                                          the DJI will have to rally above 22055 to bring a Sell S9-V.  At that point,
                                          it would be 2.4% over its 21-dma.  But before it gets there, it will produce
                                          a Buy B10 on only a close above 21790.  If the DJI closed tomorrow
                                          above 22055, we would have the unusual situation where we would
                                          have contradictory signals.  By our system, they would cancel each
                                          other out.  This happened in May 1993.  The S7 and B10 cancelled
                                          each other out.

                                          However, if the DJI first gave a Buy B10 and then a day or two later reached
                                          the 2.4% band, then we will likely have a separate Sell S9-V.  That Sell would
                                          become the operative signal. 


                                                            Contradictory Signals in 1993

                                        
                                         
 
                                                          
DOLLAR BREAKDOWN


                                                               


                                          I would buy GLD or one of the gold stocks' ETFs like JNUG, which jumped
                                          today back above its 65-dma.  Foreign ETFs are strong as a result of the
                                          Dollar's decline.  I recently suggested buying YINN (below).  It still looks good.
                                          It should be noted that the growth rate for China's GNP is now +6.9%.
                                          Ours is +1.9% or 2.0%.



                                                         
  How Much Lower Can IBM Go?



                                        
 Cloud computing is competing with big IBM computers as never before.
                                          Between 1991 and 1993, IBM plunged from 34 to 10.25 in 18 months.
                                          This was in a bull market, too.  When stocks show as much Red Distribution
                                          as IBM shows, they become very vulnerable.  Big institutional money
                                          wants out of them. If the Professionals, representing Specialists and market
                                          makers, are also bearish, stock like these make very good short sales.

                                          The number of Trap Door stocks rose to 14 today.  The stock market like
                                          the economic system as a whole is polarizing.  This is a time when hedging
                                          would seem to be very profitable.  See how weak many of the bearish MINCPs
                                          are and note how the appearance of a head/shoulders causes traders to
                                          "shoot first and ask questions later".
 This weekend we'll go looking for these
                                          patterns. 

                                                                 




                                                                      
7/26/2017
                                     
 PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-DayUp/Down Vol 
                                                   Hourly DJIA    A/DLine for All Stocks.                                 
                                                   S&P    OEX    NYSE    NASDAQ   COMPQX with CP
                                                   DIA   SPY   QQQ    MDY  
IWM-TNA                                   
                                                   Short Term Interest Rates    DJI-Utilities      DJI-Transp    


           
                                        CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                                   RSX   RETL   SLV   SOXL   TECL   TMF   TNA   XIV  YINN
 

                                      Commodities: JJC, NIB, WEAT  UUP (Dollar)   
                                                                         To STOCKS' CHARTS
 
                    
                                                  AAPL  ADBE  ALXN  AMAT  AMGN  AMZN  BA  BIDU   CAT    FB  GOOG   GS  
                                                  HD   IBM   JPM  M (Macy's)  MASI   MSFT   NVDA   QCOM   TSLA  TXN

                                      new   CMG (Chipotle), LRCXSWKS,   TOWN
                                           Others REN,  CVE and SWN (very low AI/200 stocks)                  
                                     
7/26/17   Bullish MAXCPs     Bearish MINCPs      Trapdoors.   

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               7/26/17
34 Bullish sectors
10 Bearish sectors
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .955          .897          .897          .911          .926          .941 
INSURANC       .941          .941          .852          .852          .882          .882 
NIFTY          .933          .933          .933          .9            .9            .933 
BONDFUND       .875          .758          .83           .883          .883          .866 
BIGBANKS       .857          .857          .857          .857          .857          1 
SEMI           .827          .758          .75           .75           .784          .784 
BEVERAGE       .8            .65           .65           .75           .8            .75 
GOLD           .792          .415          .452          .566          .452          .433 
SOLAR          .789          .789          .736          .736          .736          .736 
MORNSTAR       .777          .815          .802          .806          .823          .836 
GAMING         .766          .766          .766          .733          .733          .733 
CHINA          .758          .725          .709          .758          .741          .758 
ELECTRON       .757          .716          .721          .721          .747          .747 
INDEXES        .757          .752          .7            .728          .719          .738 
FINANCE        .714          .769          .692          .648          .736          .769 
UTILITY        .711          .555          .666          .755          .688          .555 
GREEN          .709          .709          .677          .709          .709          .741 
NASD-100       .709          .677          .677          .655          .709          .731 
SOFTWARE       .703          .703          .718          .703          .75           .781 
RUS-1000       .678          .705          .681          .694          .709          .726 
INDMATER       .673          .734          .704          .734          .744          .795 
SP500          .673          .683          .675          .693          .709          .719 
N=22
=============================================================================================
HACKERS        .666          .666          .666          .611          .666          .777 
HOMEBLDG       .666          .666          .666          .666          .666          .666 
MILITARY       .666          .733          .777          .777          .777          .8 
BIOTECH        .665          .661          .669          .677          .681          .661 
COMPUTER       .64           .68           .68           .72           .68           .72 
SP-100         .639          .68           .649          .649          .701          .711 
COMODITY       .633          .549          .633          .619          .577          .605 
AUTO           .625          .65           .6            .675          .725          .75 
REIT           .606          .585          .569          .595          .585          .606 
REGBANKS       .583          .722          .611          .472          .583          .583 
DOWJONES       .533          .533          .633          .6            .6            .633 
CHEM           .527          .666          .638          .638          .666          .736 
N=12
=============================================================================================
TRANSP         .5            .55           .55           .6            .65           .7 
=============================================================================================
RETAIL         .482          .482          .344          .396          .379          .362 
FOOD           .466          .333          .8            .8            .8            .8 
DJI-13         .461          .461          .615          .615          .615          .692 
INFRA          .454          .818          .545          .545          .454          .636 
COAL           .444          .444          .444          .444          .444          .444 
JETS           .444          .555          .555          .666          .777          .777 
HOSPITAL       .428          .714          1             .857          .857          .857 
OILGAS         .398          .398          .329          .335          .386          .436 
EDU            .375          .5            .5            .5            .75           .625 
PIPELINE       .333          .444          .333          .333          .333          .444 
N=10

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