PEERLESS/TIGERSOFT HOTLINE

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(C) 1985-2017 William Schmidt, Ph.D.  www.tigersoft.com    

                 
All rights strictly reserved.  

Tiger Software  858-273-5900   PO Box 22784   San Diego, CA 92192 Email william_schmidt@hotmail.com  
-------------------------------------------------------------------------------------------------------------

              ---------------------------- IMPORTANT ---------------------------------------
         
       
You are here: www.tigersoft.com/HHH517/INDEX.htm  

                      Earlier Hotlines
         www.tigersoft.com/HHH517/OLDER.html
        
www.tigersoft.com/HH747/INDEX.html
        
www.tigersoft.com/HHLL217/INDEX.html
         PREINDEX.html  
          www.tigersoftware.com/HL/INDEX.html 
             Most Recent Hotlines: 2/4/2017 - 2/15/2017  
             These have somehow become corrupted. Their graphs are missing.
            
http://www.tigersoft.com/345HLN12/ZINDEX.html
            
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http://www.tigersoft.com/444HL444/INDEX.html
            
www.tigersoft.com/119HLPAZ/INDEX.html
             http://www.tigersoft.com/888HLAZ/INDEX.html
            
www.tigersoft.com/821-HL/INDEX.html
             http://www.tigersoft.com/816-HLN/INDEX.html         
             http://www.tigersoft.com/77HL7778/INDEX.html
             http://www.tigersoft.com/64HRL/INDEX.html
             http://www.tigersoft.com/55HL55/INDEX.html

        
           
HELP 
          A Guide To Profitably Using The Tiger Nightly HOTLINE
 Introduction to Tiger/Peerless Buys and Sells.
 Peerless Buy and Sell Signals: 1928-2016
 Individual Peerless signals explained:
       
http://tigersoftware.com/PeerlessStudies/Signals-Res/index.htm
      http://www.tigersoft.com/PeerInst-2012-2013/  
 Explanation of each Peerless signal. http://www.tigersoft.com/PeerInst-2012-2013/
 Different Types of TigerSoft/Peerless CHARTS, Signals and Indicators
 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)
                  
It's As Easy as 1,2,3  
                 
                TigerSoft "Combination" Short-Selling...  Easy as 1-2-3 Short Sales
                 

                Earlier Q-Answers

             QuickSilver Documentation (1/11/2016)
             Our Different Signals
                       
Better understand the difference between Peerless DJI-based signals,
                                        the one-year optimized red Signals and the fixed signals based
                                        on technical developments.

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

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

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

                    
5/11/2017       For the DJI and the majority of stocks, the Operative Peerless
                                            signal remains a 
Sell S4.  Tech ETFs and stocks like AAPL, ADBE,
                                            and NVDA are little heeding the DJI's hesitation here.  I've suggested
                                            traders stay short DIA but long the high tech ETFs while their 5-day ma
                                            keep rising.


                   
Remaining Strong ETFs     5/11 Close               5/12 Pivot-Point      IP21
                    -----------------------------------------------------------------------------------
                  
 TECL                                  74.85  -.25                73.08                    +.257 
                    QQQ                                  138.29 -.11              137.54                    +.262 
                   COMPQX                         6129.14 +8.55          6075.34                  +.259
                   .....
                   SOXL                                84.94     + .85               77.61                  +.203


                             
   THE HEAD/SHOULDERS IN BIG BANKS AND TRANSPORTS
                                         ARE  CONFOUNDING THE TRUMP BULL MARKET.

                                         And these patterns are bearish...Sometimes very bearish.


                                    
We see the market's technical problem most clearly in the impending
                                     bearish head/shoulders patterns that DJI-bank stocks GS and JPM seem
                                     to be performing.   We also see it in the head/shoulders patterns of our
                                     DJI-13 (high priced stocks),  FAS and the DJI-20 (Transports). 
                                     As long as these ETFS and stocks do not rally above the apex of their
                                     right shoulder to destroy these pattern, there is a good chance that they
                                     will experience the full and sudden effects of price-gravity via their own
                                     trap-doors.  In this connection, keep in mind that the appearance of
                                     head and shoulders patterns seems to be the best predictor or precursor
                                     for trap-door declines. 



                                    
5/11/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
                To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM   TSLA

                                   Others REN, JJCNIB, WEAT  UUP (Dollar)

                                  
5/11/17    Bullish MAXCPs    Bearish MINCPS  incl TRAPDOORS (7)
                                                  (208 stocks/ETFs)  (of 121 stocks/ETFs)
               

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              5/11/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             1 
ETFS           .926          .911          .823          .823          .852          .808 
NIFTY          .896          .931          .931          .862          .896          .896 
HOMEBLDG       .888          .888          .833          .777          .777          .777 
BEVERAGE       .85           .85           .85           .85           .85           .85 
HACKERS        .833          .777          .777          .777          .777          .777 
SOFTWARE       .796          .781          .75           .812          .812          .75 
SOLAR          .789          .736          .684          .578          .578          .421 
JETS           .777          .777          .777          .777          .777          .777 
BONDFUND       .776          .803          .866          .919          .937          .91 
GAMING         .733          .733          .7            .666          .733          .666 
SEMI-COND      .732          .715          .698          .646          .672          .629 
ELECTRON       .67           .659          .659          .634          .644          .613 
MORNSTAR       .668          .697          .663          .672          .71           .676 
N=14
=============================================================================================
GREEN          .645          .612          .677          .677          .709          .677 
INFRA          .636          .636          .636          .636          .727          .909 
NASD-100       .626          .626          .648          .626          .626          .637 
COMPUTER       .6            .64           .64           .6            .6            .56 
MILITARY       .6            .577          .577          .577          .577          .6 
HOSPITAL       .571          .714          .571          .428          .571          .571 
INDEXES        .567          .596          .596          .588          .634          .605 
SP500          .558          .585          .573          .566          .587          .56 
UTILITY        .555          .6            .555          .622          .622          .644 
DJI-13         .538          .538          .692          .615          .769          .615 
RUS-1000       .532          .564          .535          .536          .564          .529 
RETAIL         .517          .678          .589          .517          .517          .5 
CHINA          .516          .516          .516          .435          .483          .467 
N=13
=============================================================================================
CHEM           .5            .527          .513          .5            .611          .486 
DOWJONES       .5            .466          .6            .566          .6            .5 
BIOTECH        .471          .487          .471          .439          .504          .512 
INSURANC       .47           .5            .441          .558          .617          .617 
SP-100         .453          .484          .536          .525          .546          .515 
COAL           .444          .444          .333          .444          .333          .333 
FINANCE        .413          .489          .445          .489          .521          .532 
TRANSP         .4            .4            .45           .5            .6            .55 
REIT           .398          .404          .347          .424          .466          .398 
INDMATER       .387          .377          .336          .387          .418          .357 
AUTO           .375          .4            .4            .35           .4            .325 
N=11
=============================================================================================
BIGBANKS       .285          .285          .285          .428          .142          .142 
OILGAS         .274          .3            .241          .254          .228          .176 
REGBANKS       .25           .388          .444          .5            .472          .527 
GOLD           .245          .15           .15           .132          .113          .037 
COMODITY       .214          .214          .2            .214          .2            .2 
PIPELINE       .111          .222          .111          .222          .222          .111 
FOOD           0             .142          .071          .142          .071          0 
N=7


====================================================================================
                 
5/10/2017   For the DJI and the majority of stocks, the Operative Peerless
                                     signal remains a 
Sell S4.
  For these stocks, what happens to the DJI-30
                                     is quite significant.  So, it is important that Sell S4 signals have historically
                                     been quite reliable. For them, even if there is a 2% DJI rally, considerable
                                     risk may lie ahead because Peerless will probably generate a Sell S9-V
                                     on the DJI.  A DJI retest of its rising 65-dma appears to be necessary now.
                                     More likely, the DJI may need to test the support at its lower band and the
                                     round number 20000.



                                    
Recently, the DJI's ups and downs have mattered less and less for the
                                     bravest and boldest tech stocks.  But let's be safe.  Traders should probably
                                     sell TECL, QQQ and the NASDAQ if these close below their pivot
                                     points.

                                          
  Remaining Strong ETFs     5/10 Close               5/11 Pivot-Point      IP21
                                               -----------------------------------------------------------------------------------
                                              
TECL                                  75.10  +.87                72.74                    +.252
                                               QQQ                                  138.4    +.08              137.04                   +.215
                                               COMPQX                         6129.14 +8.55          6075.34                  +.259
                                               .....
                                               SOXL                                84.09 +5.01                 76.79                    +.221


                                       
 THE CASE FOR CONSIDERING NVDA 
                      THE
DECADE'S MOST IMPORTANT TECH STOCK.




                                     I would argue that the most important technology stock now is not AAPL, GOOG,
                                     AMZN, MSFT or FB, it is Nividia, NVDA.
If it breaks out above 121, buy it.

                                     NVDA's Graphics and Deep Learning software and chips are training the
                                     machines and neural networks that control 3-D visualizations used in games,
                                     automobiles, visual recognition, medical imaging, virtual reality as well as
                                     professional data usage and storage.  Surely, these fields offer huge growth
                                     potential for investors, especially because they are still their infancy.  For us,
                                     it's important to appreciate that NVDA is at the center of this revolution in graphics,
                                     machine neural net-working and "deep learning" programming.  Want to know
                                     more about the future in these fields?  NVDA's applications' Blog is well worth
                                     studying.  See https://blogs.nvidia.com/



                                     Today, NVDA reported much better earnings and revenue that was expected.
                                     It rose 17.8% and destroyed what looked like a head/shoulders pattern.
                                     Now it seems ready to breakout to new highs.  See the daily and weekly charts.
                                     A new high here will put enormous pressure on the shorts to cover.
                                    
It could also set the stock loose to start another monster-advance.  If this
                                     occurs, we should be aboard it despite the Peerless Sell S4.
A breakout by
                                     NVDA will allow etfs like SOXL and TECL make more big gains even as
                                     the DJI lags or falls back to 10000.  Big  NVDA gains will benefit its biggest
                                     shareholders.  Institutions own 73.4% of its stock.  They are listed by Yahoo.
                                     See further below.
 
                                     Too high priced? The head of Fidelity Semiconductors' Select Fund said in February
                                     that he wanted to buy more NVDA as their earnings' growth should accelerate in 2017.
                                     (See https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/SHDOCS/FSELX/hosts/sh_comm_pmqa.000008.RETAIL_pdf.pdf )
         

 

Top Institutional Holders in NVDA

Holder Shares Date Reported % Out Value
FMR (Fidelity) 69,658,131 Dec 30, 2016 12.92% 7,435,308,763
Vanguard Group, Inc. (The) 34,983,002 Dec 30, 2016 6.49% 3,734,085,563
Primecap Management Company 22,466,180 Dec 30, 2016 4.17% 2,398,040,008
State Street Corporation 21,091,702 Dec 30, 2016 3.91% 2,251,328,229
Goldman Sachs Group, Inc. 15,872,239 Dec 30, 2016 2.94% 1,694,202,759

 

 

 
               
                     5/10/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM   TSLA

                                   Others REN, JJCNIB, WEAT  UUP (Dollar)

                        
5/10/17    Bullish MAXCPs    Bearish MINCPS   TRAP-DOORS
                                             (197 stocks/ETFs)  (of 100 stocks/ETFs)
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               5/10/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             1 
NIFTY          .931          .931          .862          .896          .896          .862 
ETFS           .911          .823          .823          .852          .808          .852 
HOMEBLDG       .888          .833          .777          .777          .777          .666 
BEVERAGE       .85           .85           .85           .85           .85           .75 
BONDFUND       .803          .866          .919          .937          .901          .937 
SOFTWARE       .781          .75           .812          .812          .75           .781 
HACKERS        .777          .777          .777          .777          .777          .722 
JETS           .777          .777          .777          .777          .777          .777 
SOLAR          .736          .684          .578          .578          .421          .631 
GAMING         .733          .7            .666          .733          .666          .8 
SEMI           .715          .698          .646          .672          .629          .629 
HOSPITAL       .714          .571          .428          .571          .571          .571 
MORNSTAR       .697          .663          .672          .71           .676          .689 
RETAIL         .678          .589          .517          .517          .5            .5 
N=15
============================================================================================
ELECTRON       .659          .659          .639          .644          .613          .603 
COMPUTER       .64           .64           .6            .6            .52           .48 
INFRA          .636          .636          .636          .727          .909          .818 
NASD-100       .626          .648          .626          .626          .637          .593 
GREEN          .612          .677          .677          .709          .677          .677 
UTILITY        .6            .555          .622          .622          .644          .666 
INDEXES        .596          .596          .588          .634          .605          .592 
SP500          .585          .573          .566          .587          .564          .541 
MILITARY       .577          .577          .577          .577          .6            .577 
RUS-1000       .559          .53           .531          .559          .527          .521 
DJI-13         .538          .692          .615          .769          .615          .615 
CHEM           .527          .513          .5            .611          .5            .541 
CHINA          .516          .516          .435          .483          .467          .467 
N=13
===========================================================================================
INSURANC       .5            .441          .558          .617          .617          .558 
===========================================================================================
FINANCE        .489          .445          .489          .521          .543          .5 
BIOTECH        .487          .471          .439          .504          .512          .512 
SP-100         .484          .536          .525          .546          .525          .484 
DOWJONES       .466          .6            .566          .6            .5            .566 
COAL           .444          .333          .444          .333          .333          .333 
REIT           .404          .347          .424          .466          .398          .445 
AUTO           .4            .4            .35           .4            .35           .275 
TRANSP         .4            .45           .5            .6            .55           .45 
REGBANKS       .388          .444          .5            .472          .527          .5 
INDMATER       .377          .336          .387          .418          .357          .367 
N=10
===========================================================================================
OILGAS         .297          .24           .253          .227          .177          .221 
BIGBANKS       .285          .285          .428          .142          .285          .142 
PIPELINE       .222          .111          .222          .222          .111          .222 
COMODITY       .214          .2            .214          .2            .2            .214 
GOLD           .15           .132          .15           .113          .037          .094 
FOOD           .142          .071          .142          .071          0             .142 
N=6


====================================================================================
                
5/9/2017      The Operative Peerless signal remains a Sell S4.  Sell S4 signals are
                                     reliable.  Even if there is a 2% rally, Peerless will probably generate a Sell S9-V.
                                     The DJI's Volume and Accumulation that TigerSoft uses look quite weak.
                                     See the many bearish warnings being given now by the charts of the DJI
                                     and DIA. 

                                     TECL, QQQ and the NASDAQ continue to be the main havens
                                     of remaining strength.  It is not uncommon for the best of the tech growth stocks
                                     to keep rising, sometimes spectacularly, for a month or so after the DJI tops out. 
                                     2000 is the best example of this.  See the DJI-NASDAQ chart just below.

                      FOR 8 WEEKS, THE DJI FELL AND NASDAQ ROSE in JAN & FEB 2000.

                                     But  even the best of the tech stocks can only advance for just so long in
                                     splendid isolation.  Sell these if they close below their 5-dma pivot-points.

                                             
 Remaining Strong ETFs     5/9 Close     5/10 Pivot-Point
                                               ---------------------------------------------------------
                                               TECL                                  74.23            72.3
                                               QQQ                                  138.32         136.99
                                               COMPQX                         6120.59       6072.55

                                                   
TOO MANY NEGATIVES FOR DJI NOW.

                                     Already, I have note that the market must cope with the rising probability
                                     of higher short-term interest rates and a much tighter monetary policy over
                                     the next couple of years.  I've also warned that it is far from certain that
                                     there will be a big tax cut this year.  In addition, the danger of a nuclear
                                     war in Korea has not disappeared.  Now, the market has another negative
                                     development to ponder.                                      

                                     Pres. Trump today abruptly fired James Comey, his FBI Director.  It can not
                                     be a coincidence that Comey told Congress that he was intent on conducting
                                     a thorough and independent investigation into the Trump organization's collusion
                                     with Russians last year.  What is Trump so desperate to hide?  This eerily reminds
                                     me of Nixon's firing of the Watergate Special Prosecutor and his Attorney General. 
                                     This coincided with a very bad time for the stock market.  Are we in for a repeat?
                                     See tonight's NY Times article:
                                     https://www.nytimes.com/2017/05/09/us/politics/james-comey-fired-fbi.html?emc=edit_th_20170510&nl=todaysheadlines&nlid=58223894

  Nixon Forces Firing of Cox; Richardson, Ruckelshaus Quit
President Abolishes Prosecutor's Office; FBI Seals Records

By Carroll Kilpatrick
Washington Post Staff Writer
Sunday, October 21, 1973; Page A01

"In the most traumatic government upheaval of the Watergate crisis, President Nixon yesterday discharged Special Prosecutor Archibald Cox and accepted the resignations of Attorney General Elliot L. Richardson and Deputy Attorney General William D. Ruckelshaus.

The President also abolished the office of the special prosecutor and turned over to the Justice Department the entire responsibility for further investigation and prosecution of suspects and defendants in Watergate and related cases."
  ( http://www.washingtonpost.com/wp-srv/national/longterm/watergate/articles/102173-2.htm )
  
              

   The TigerSoft DJI and DIA Charts Now Are Emitting A Number of Bearish Warnings.

DJIA could be forming a rare, but bearish "hands above the head" price pattern.
That it is unable to string together 3 straight up-days shows very steady Big Money
distribution on strength.



 
HOURLY DJIA shows Down-Hour again picking up.  This is short-term bearish.
DIA shows significant and steady Professional Selling to the general public.

                               
                                    
5/9/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
                To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 TSLA
                                    Others REN, JJCNIB, WEAT  UUP (Dollar)

                                   
5/9/17    Bullish MAXCPs    Bearish MINCPS  incl "TRAPDOORS" (5)                                                  5/8/2017  High Priced stocks Breaking Badly Down: 7
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               5/9/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             1 
NIFTY          .931          .862          .896          .896          .896          .965 
BONDFUND       .866          .919          .937          .901          .937          .91 
BEVERAGE       .85           .85           .85           .85           .75           .75 
HOMEBLDG       .833          .777          .777          .777          .722          .722 
ETFS           .823          .823          .852          .808          .852          .926 
HACKERS        .777          .777          .777          .777          .722          .666 
JETS           .777          .777          .777          .777          .777          .777 
SOFTWARE       .75           .812          .812          .75           .781          .765 
GAMING         .7            .666          .733          .666          .8            .766 
SEMI           .698          .646          .672          .629          .637          .672 
DJI-13         .692          .615          .769          .615          .615          .692 
SOLAR          .684          .578          .578          .421          .631          .578 
GREEN          .677          .677          .709          .677          .677          .645 
N=14
=============================================================================================
MORNSTAR       .663          .672          .71           .676          .689          .739 
ELECTRON       .659          .639          .649          .613          .608          .644 
NASD-100       .655          .634          .634          .645          .602          .666 
COMPUTER       .64           .6            .6            .52           .48           .64 
INFRA          .636          .636          .727          .909          .818          .909 
DOWJONES       .6            .566          .6            .5            .566          .6 
INDEXES        .596          .588          .634          .605          .596          .634 
RETAIL         .589          .517          .517          .5            .517          .5 
MILITARY       .577          .577          .577          .6            .577          .622 
SP500          .573          .566          .587          .564          .543          .581 
HOSPITAL       .571          .428          .571          .571          .571          .857 
UTILITY        .555          .622          .622          .644          .666          .666 
SP-100         .536          .525          .546          .525          .484          .505 
RUS-1000       .535          .536          .564          .532          .527          .569 
CHINA          .516          .435          .483          .467          .467          .516 
CHEM           .513          .5            .611          .5            .541          .583 
N=16
==========================================================================================
BIOTECH        .474          .438          .501          .517          .517          .565 
TRANSP         .45           .5            .6            .55           .45           .55 
FINANCE        .445          .489          .521          .543          .51           .5 
REGBANKS       .444          .5            .472          .527          .5            .416 
INSURANC       .441          .558          .617          .617          .558          .5 
AUTO           .4            .35           .4            .35           .275          .325 
REIT           .347          .424          .466          .398          .445          .569 
INDMATER       .336          .387          .418          .357          .367          .428 
N=8
============================================================================================
COAL           .333          .444          .333          .333          .333          .333 
BIGBANKS       .285          .428          .142          .285          .142          .142 
OILGAS         .24           .253          .227          .177          .221          .259 
COMODITY       .197          .211          .197          .197          .211          .281 
GOLD           .132          .132          .132          .037          .094          .169 
PIPELINE       .111          .222          .222          .111          .222          .444 
FOOD           .071          .142          .071          0             .142          .214 
N=7

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

                
5/8/2017      The Operative Peerless signal remains a  Sell S4.  The DJI, however,
                                     wants to keep us in suspense a while longer, neither falling back or breaking
                                     out. 
SPY, IWM and MDY also seem stuck in their trading ranges.  What
                                     should we do?


                                    
Performance investors are not sitting still.  They are jumping aboard the best
                                     performing bigger high tech stocks.  I think we should, too.

                                    
Now more and more of these big tech stocks, led by AAPL, are preparing
                                     for swift and possibly climactic vertical ascents where they surpass the top of
                                     their price channel.  AAPL today made such a breakout.  TECL and QQQ have
                                     also done the same.  The advances that follow breakouts above the top of price
                                     channels are often spectacular.  Our Tiger tools allow us to play these with
                                     reasonable safety.

                                    Because of the very high Power Ranking, too, and despite the Peerless S4,
                                   
I think we should buy TECL and QQQprovided we work with steep uptrendlines
                                    and stop-sells underneath them or use closes below their pivot-points to sell, they
                                    are worth going long.
  We will follow them nightly here.

                                    
Consider the current Accumulation Index Ranking for the DJI-30 stocks and the
                                     biggest, most important ETFs.  TECL is at the top of this AI/200, Power Ranking,
                                     IP21, is in the very bullish "BOTHUP" condition and has outperformed DJI by
                                     a whopping 14.5% over the last 50 trading days.

                                                  
    HIGHEST POWER RANKED
                                   in DJI-30 Download from Tiger Data base.


                                     Symbol    AI/200   Power  OBV%  IPA%  IP21 Up%  OpenPwr ClosPwr   ITRS
                                     ---------------------------------------------------------------------------------------------------------
                                     TECL         182      584        -1%      0%      +.23   59%   Up          Up           +.145
                                                          Close = 73.98   5-dma pivot point = 72.75
                                     SOXL         180      511       -10%    +15%   +.15  56.6% Up         
Down!     +.086
                                     XIV             171     438     
 -33%    -3%       +.06  61%    Up          ?             +.22
                                     QQQ           168     448          0         0%       +.17  59.8% Up          Up          +.049
                                                         Close = 137.84   5-dma pivot point = 137.43
                                     DD              165     344      
-19%    +17%    +.02 50.6%  Up          Down     -.004
                                     AAPL          163     483       -4%      0%        +.15 55.4%   Up         Up          +.144
                                    
 

                                     Another Buy recommendation is OIL as soon as its Closing Power
                                     downtrend is broken.  See just below how its action has just produced a red
                                     Stochastic buy signal and these signals have gained more than 100% over
                                     the last year.


                                          


                          
                                   
5/8/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
                To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM

                                   Others REN, JJCNIB, WEAT  UUP (Dollar)

                        
5/8/17    Bullish MAXCPs    Bearish MINCPS                                         
                                      High Priced stocks Breaking Badly Down: 7

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              5/8/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             1 
BONDFUND       .919          .937          .901          .937          .91           .937 
NIFTY          .862          .896          .896          .896          .965          1 
BEVERAGE       .85           .85           .85           .75           .75           .75 
ETFS           .823          .852          .808          .852          .926          .882 
SOFTWARE       .812          .812          .75           .781          .765          .765 
HACKERS        .777          .777          .777          .722          .666          .722 
HOMEBLDG       .777          .777          .777          .722          .722          .777 
JETS           .777          .777          .777          .777          .777          .555 
GREEN          .677          .709          .677          .677          .645          .612 
MORNSTAR       .672          .71           .676          .689          .739          .743 
N=11
GAMING         .666          .733          .666          .8            .766          .8 
SEMI           .646          .672          .629          .637          .681          .698 
ELECTRON       .639          .649          .618          .608          .649          .659 
INFRA          .636          .727          .909          .818          .909          .909 
NASD-100       .626          .626          .637          .593          .659          .67 
UTILITY        .622          .622          .644          .666          .666          .644 
DJI-13         .615          .769          .615          .615          .692          .769 
COMPUTER       .6            .6            .52           .48           .64           .6 
INDEXES        .588          .634          .605          .596          .638          .634 
SOLAR          .578          .578          .421          .631          .578          .526 
MILITARY       .577          .577          .6            .577          .622          .622 
SP500          .568          .589          .566          .545          .585          .583 
DOWJONES       .566          .6            .5            .566          .6            .666 
INSURANC       .558          .617          .617          .558          .529          .647 
RUS-1000       .536          .564          .532          .527          .57           .581 
SP-100         .525          .546          .525          .484          .505          .505 
RETAIL         .517          .517          .5            .517          .517          .464 
CHEM           .507          .623          .507          .55           .594          .623 
N=18
===========================================================================================
REGBANKS       .5            .472          .527          .5            .388          .444 
TRANSP         .5            .6            .55           .45           .55           .45 
FINANCE        .489          .521          .543          .51           .5            .532 
COAL           .444          .333          .333          .333          .333          .333 
BIOTECH        .442          .501          .509          .521          .565          .584 
CHINA          .435          .483          .467          .467          .532          .548 
BIGBANKS       .428          .142          .285          .142          .142          .142 
HOSPITAL       .428          .571          .571          .571          .857          .428 
REIT           .424          .466          .398          .445          .564          .616 
INDMATER       .387          .418          .357          .367          .428          .469 
AUTO           .35           .4            .35           .275          .325          .375 
N=11
-------------------------------------------------------------------------------------------
OILGAS         .253          .227          .177          .221          .259          .259 
PIPELINE       .222          .222          .111          .222          .444          .444 
COMODITY       .211          .197          .197          .211          .281          .295 
FOOD           .142          .071          0             .142          .214          .285 
GOLD           .132          .113          .056          .094          .169          .15 
N=5


====================================================================================
                      
5/5/2017      The Operative Peerless signal remains a  Sell S4.  This has been
                                           a reliable Sell signal.  There have only been two cases since 1945
                                           when there was a paper loss greater than 2%, about 400 points
                                           here.  The DJI might still make a flat-top breakout above 21200,
                                           but our volume indicators are quite negative and the Accum. Index
                                           is only +.001.  So, another 1.2% rally will likely bring a Sell S9-V
                                           and possibly a S12 also.   Our DIA chart also offers us a clear warning:
                                           Professionals are outright bearish.  We see this from the purple
                                           Tiger S7s.  Our Tiger Closing Power is badly lagging prices.  So, is the

                                           Hourly DJI's DISI-OBV.

                                          
Of course, the DJI could just be much weaker than the other averages
                                           because it is made up of older and more irrelevant blue-chips, but that
                                           is not what Peerless Stock Market Timing teaches.  Much more likely,
                                           the NASDAQ, QQQ and TECL (tech stocks' 3x ETF) will not be able
                                           to rally too much longer just by themselves.  Surely, their new highs
                                           will need to be matched, at least, by the SP-500.  As you can see below
                                           in the SPY chart, Professionals are still cautious here.  Perhaps, they
                                           are simply waiting for a clear SPY breakout. 

                                          
The expected victory by the French center coalition is, I think, less important
                                           the warning now seen in the
rising Short-Term Interest rates' chart below.
                                           With April's Job Report showing 210,000 new jobs and Unemployment
                                           making new lows, the stage would seem to be set for the FED to raise
                                           short-term rates again.  This would make the third increase in the last
                                           year.  Rising rates are apt to be troublesome for the market, especially if
                                           the FED starts to sell some of the huge $5 trillion debt portfolio that it bought up
                                           to inflate stock and bond prices between 2009 and 2013. Unless Congress
                                           can reach agreement on a big tax decrease AND an Infrastructure spending
                                           increase, stock prices will likely plateau and may even fall back to retest the 18000
                                           level.


                                         
 I think taking profits in QQQ or TECL when their 5-day ma turn down
                                           if you still have them still is reasonable.  Hold DIA short now out of respect
                                           for the Sell S4.  SPY might start a quick spurt upwards tomorrow.  Very
                                           short-term traders may choose to play the flat-top breakout long.  But
                                           do not hold if it closes below its 5-day ma "pivot-point".  This would
                                           mean selling it if it closes down more than 1.02 from its Monday opening.

                                          
                                          
DJIA



                        
 SHORT-TERM INTEREST RATES



                  DIA





                      
 SPY may still achieve a flat-topped breakout.
           
 However, SPY's weak internals do not yet show the marginal new closing high can be trusted.
  




                      
QQQ is very close to its upper band resistance.
              
 This should limit its upside potential. 




                               
 

               
TECL need only close 0.78 below its close to have its 5-dma turn down Monday.

                          5/5/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                   Others REN, JJCNIB, WEAT  UUP (Dollar)

                        
5/5/17    Bullish MAXCPs    Bearish MINCPS                                         
                                      High Priced stocks Breaking Badly Down: 10
                                     
            

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              5/5/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             1 
BONDFUND       .937          .901          .937          .91           .937          .892 
NIFTY          .896          .896          .896          .965          1             1 
ETFS           .852          .808          .852          .926          .882          .852 
BEVERAGE       .85           .85           .75           .75           .75           .8 
SOFTWARE       .812          .75           .781          .765          .765          .75 
HACKERS        .777          .777          .722          .666          .722          .777 
HOMEBLDG       .777          .777          .722          .722          .777          .777 
JETS           .777          .777          .777          .777          .555          .555 
DJI-13         .769          .615          .615          .692          .769          .769 
GAMING         .733          .666          .8            .766          .8            .7 
INFRA          .727          .909          .818          .909          .909          .909 
MORNSTAR       .71           .676          .689          .739          .743          .747 
GREEN          .709          .677          .677          .645          .612          .645 
SEMI           .672          .629          .637          .681          .706          .689 
N=15
--------------------------------------------------------------------------------------------- 
ELECTRON       .649          .618          .613          .649          .664          .675 
INDEXES        .634          .605          .596          .638          .638          .617 
NASD-100       .634          .645          .602          .666          .677          .709 
UTILITY        .622          .644          .666          .666          .644          .711 
INSURANC       .617          .617          .558          .529          .647          .676 
CHEM           .605          .507          .549          .577          .591          .647 
COMPUTER       .6            .52           .48           .64           .6            .64 
DOWJONES       .6            .5            .566          .6            .666          .666 
TRANSP         .6            .55           .45           .55           .45           .45 
SP500          .589          .566          .545          .585          .585          .6 
SOLAR          .578          .421          .631          .578          .526          .578 
MILITARY       .577          .6            .577          .622          .622          .644 
HOSPITAL       .571          .571          .571          .857          .428          .428 
RUS-1000       .564          .532          .527          .57           .581          .586 
SP-100         .546          .525          .484          .505          .505          .556 
FINANCE        .521          .543          .51           .5            .532          .478 
RETAIL         .517          .5            .517          .517          .464          .482 
BIOTECH        .505          .509          .513          .569          .588          .592 
N=18
-------------------------------------------------------------------------------------------
CHINA          .483          .467          .467          .532          .532          .516 
REGBANKS       .472          .527          .5            .388          .444          .416 
REIT           .466          .398          .445          .564          .621          .569 
INDMATER       .418          .357          .367          .428          .489          .479 
AUTO           .4            .35           .275          .325          .35           .375 
N=5
-------------------------------------------------------------------------------------------
COAL           .333          .333          .333          .333          .333          .111 
OILGAS         .227          .177          .221          .259          .259          .221 
PIPELINE       .222          .111          .222          .444          .444          .333 
COMODITY       .197          .197          .211          .281          .295          .281 
BIGBANKS       .142          .285          .142          .142          .142          0 
GOLD           .113          .037          .113          .169          .15           .188 
FOOD           .071          0             .142          .214          .285          .142 
N=7


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


  
                   5/4/2017    The operative Peerless signal is a  Sell S4.  The DJI stands 1.1% over
                                         its 21-day ma but shows Accum/Distribution and volume indicators
                                         that are quite negative.  Our
"IP21" is -.068, the V-I is -99 and our
                                        
OBVPct for the DJI chart below is -.141.  As a result, it would not take much of
                                         a rally from here, about +1.2%, to bring about a Peerless Sell S12 or Sell S15
                                         of both.  A very positive Jobs' number tomorrow, over +250,000, could cause
                                         such a pop upwards in the DJI. 
 We should sell into that strength
                                         many of our long positions.
  A number over +250,000 would eclipse
                                         last month's weak 98,000 new jobs' report.  I think a very positive number is
                                         expected tomorrow.  Yellen said as much.  But the truth is that a very "good"
                                         number is bound to give the Fed more reason to raise short-term rates and
                                         even start selling off some of the massive  $5 trillion of its inventory of debt
                                         that it has bought in recent years to prop the market up.
                                       

  Non Agric.
  New Jobs
  in 1000s.
  (Labor Dept)
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(R) 79(R) 211(P)                
P : preliminary

https://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

 


                                     Short Term Rates are already rising steeply.  This hurts the NYSE A/D Line.
                                     With Retailing weak and many Commodities and OIL falling, one
                                     has to wonder will any FED tightening bring about serious economic
                                     weakness and endanger the long bull market.  The risks seem greater
                                     than the rewards unless you think that Congress will actually vote
                                     to lower taxes and provide a big Infrastructure stimulus plan.  I doubt
                                     if this will happen.


 

                              
 Technical Warning Signs in Peerless chart of DJIA




                                         Today, by hovering just two hundred points from an all-time high,
                                         the DJI-30 maintained the appearance that the stock market is
                                         still healthy and safe after 8 years of rallying.   Keeping up
                                         such appearances to almost the "bitter end", after all, is the main function
                                         of this "venerable" Blue-Chip average.  But in actuality, today there
                                         were 828 more down than up on the NYSE and we may now be seeing
                                         an end to the era in which low interest rates keep the NYSE A/D Line
                                         bullishly rising.


                                        
This is becoming a scary stock market.  If you doubt it, look at today's
                                        
22 "TrapDoor" stocks.  Yesterday, there were only 16.  "Trap-doors"
                                         suddenly drop 10% or more, sometimes simply because they break their
                                         steep price-up-trends.  Risk is becoming too great and traders are grabbing
                                         profits while they still can.  We should so the same, I think.
Sell TECL and QQQ.
                                       
 Short some of Bearish MINCP stocks and others completing head/shoulders
                                         patterns. 
We are already short DIA.

                                        


                                         
Many of these "trap-Door" stocks were until very recently the
                                          best performing big-gainers.  An utter lack of bids is becoming
                                          apparent in a good number of the stocks completing bearish
                                          head/shoulders patterns or are breaking key support after
                                          showing steady red distribution.  As traders start noticing
                                          these big breaks to the downside, they will become more and more
                                          nervous about their own holdings.  It does not look like a
                                          good time to be long so-called high-performance "growth" stocks.

                                                 Reaching its upper band after a long advance was
                                                 the primary way, one might have judged MASI a sell.
                                                 HTGC's top was easier to spot.  Note the weakening
                                                 Blue Closing Power and negative Accumulation Index
                                                 just before its big decline.  Watch to see if GKOS completes
                                                 its bearish head/shoulders pattern and then see what happens
                                                 to it.  We will be reviewing these "TrapDoor" stocks this
                                                 weekend to see if they can re-gain their footing.  If not, it
                                                 will be a bad sign for this 8+ year old bull market, 2009-2017?

                               
     5/4/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
                To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                   Others REN, JJCNIB, WEAT  UUP (Dollar)

                                   
5/4/17    Bullish MAXCPs    Bearish MINCPS
                                         



====================================================================================
                      
5/3/2017    The operative Peerless signal is an Sell S4The FED said today
                                         that they would hold off raising rates until they see more data.  Yellen
                                         warned, though, that last month's poor Jobs Report, which was under +100,000,
                                         was most likely an aberration.  If so, rates would probably then be going up.
                                         This statement makes this Friday's Jobs' number very significant.

                                         Today, the DJI did turn up from an early loss.  An expected Trump victory in
                                         Congress on repealing ObamaCare may be the reason.  So, perhaps, the DJI will 
                                          breakout above its flat top at 11200.  If it does spurt upwards, a Sell S12
                                         or S15 seem likely given the DJI's negative IP21, V-I and OBVPct readings.
                                         (See https://www.nytimes.com/2017/05/03/us/politics/gop-eyes-8-billion-addition-to-win-a-crucial-vote-to-the-latest-health-bill.html?emc=edit_th_20170504&nl=todaysheadlines&nlid=58223894&_r=0 )
                                        
Today saw 556 more down than up on the NYSE and Down Volume was
                                         150 million more than up volume.  The NASDAQ, QQQ and many tech stocks
                                         like AAPL and FB did  back-off from their upper band resistance levels today.
                                         I would think we will see more of that tomorrow.  Sell TECL if its Closing Power
                                         turns down (a lower close than the opening) tomorrow. 

                                         The DJI is stuck between a "rock and a hard place." 
If it rallies, its
                                         negative volume internals will likely produce new red Peerless Sells.
                                        
If it falls and breaks its neckline support, it will complete a rare, but
                                         very bearish "hands above the head" price pattern
.  Similarly,
                                         if the Jobs' numbers are good on Friday, the Fed will probably be
                                         raising rates.  But if the Jobs numbers are poor on Friday, it will
                                         show that stocks have probably over-reached the economy unless
                                         Congress can cuts taxes and launch an infrastructure spending
                                         program to make up for the weakening economic growth.





                                             
                             
 The Number of one-day "Trap-Door" Stocks Is Increasing.
                                                               ... 16 today....


                      
 Download TRAPDOOR.exe stocks from our Data page.  These are
                        higher priced stocks down more than 8% in one day.  When the
                        number of "trap-door" stocks suddenly jumps up, it is a warning
                        that institutional confidence in the market is waning.  It also serves
                        to un-nerve investors that their pet stocks may be next.  Most often
                        we see typical early warnings with these stocks, such as key support
                        failures, head/shoulders patterns (FLT, IPHI-11%, NBL, OMI, PPLT, SNI,
                        AKAM -16%, GLT--11%) or breaks in 65-dma (BG-12%, BGFV, MBT,
                        RXDX, VRSX, KTCC, and S.  But sometimes, and this is the scariest of all,
                        there are no clear technical warnings.  See below AZPN-9%, NANO-15%,
                        TOWR -11%, HSKA.  We will keep a running count of these stocks
                        each night.  Download the stocks using TRAPDOOR.exe tomorrow.

 

     
                   
  5/3/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                   Others REN, JJCNIB, WEAT  UUP (Dollar)

                        
5/3/17    Bullish MAXCPs    Bearish MINCPS
                                             (of 148 (-37) stocks/ETFs)  (of 196 (-34) stocks/ETFs)
 
                                            

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
   + 30 show more than 50% of their stocks are above the 65-dma.
   - 14 show more than 50% of their stocks are above the 65-dma.

               5/3/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             1 
BONDFUND       .937          .91           .937          .892          .875          .866 
NIFTY          .896          .965          1             1             .965          .965 
ETFS           .852          .926          .882          .852          .852          .867 
INFRA          .818          .909          .909          .909          .909          .818 
GAMING         .793          .758          .793          .689          .724          .827 
SOFTWARE       .781          .765          .765          .75           .765          .734 
JETS           .777          .777          .555          .555          .555          .555 
BEVERAGE       .75           .75           .75           .8            .8            .8 
HACKERS        .75           .687          .75           .812          .75           .75 
HOMEBLDG       .722          .722          .777          .777          .888          .888 
MORNSTAR       .689          .739          .743          .743          .777          .81 
GREEN          .677          .645          .612          .645          .709          .806 
N=13
--------------------------------------------------------------------------------------------
UTILITY        .666          .666          .644          .711          .666          .733 
SEMI           .637          .681          .706          .689          .767          .715 
SOLAR          .631          .578          .526          .578          .631          .578 
HOSPITAL       .625          .875          .375          .375          .375          .375 
DJI-13         .615          .692          .769          .769          .769          .769 
ELECTRON       .604          .647          .663          .673          .711          .673 
INDEXES        .596          .638          .638          .617          .651          .676 
NASD-100       .593          .659          .67           .692          .703          .681 
MILITARY       .577          .622          .622          .644          .644          .622 
DOWJONES       .566          .6            .666          .666          .666          .7 
INSURANC       .558          .529          .647          .676          .794          .764 
CHEM           .549          .577          .591          .647          .676          .704 
SP500          .543          .583          .583          .594          .619          .633 
RUS-1000       .522          .566          .576          .58           .617          .639 
RETAIL         .517          .517          .464          .482          .517          .535 
BIOTECH        .516          .564          .588          .588          .584          .6 
FINANCE        .51           .5            .532          .478          .597          .652 
N=17
=============================================================================================
REGBANKS       .5            .388          .444          .416          .666          .805 
=============================================================================================
SP-100         .484          .505          .505          .546          .567          .587 
COMPUTER       .48           .64           .6            .64           .56           .6 
CHINA          .467          .532          .532          .532          .564          .564 
TRANSP         .45           .55           .45           .45           .6            .5 
REIT           .447          .567          .625          .572          .64           .718 
INDMATER       .367          .428          .489          .479          .469          .489 
N=6
---------------------------------------------------------------------------------------------
AUTO           .275          .325          .35           .375          .45           .425 
COAL           .25           .25           .25           0             .125          .125 
PIPELINE       .222          .444          .444          .333          .333          .555 
OILGAS         .221          .259          .259          .221          .208          .303 
COMODITY       .211          .281          .295          .281          .267          .281 
BIGBANKS       .142          .142          .142          0             .142          .571 
FOOD           .142          .214          .285          .142          .142          .142 
GOLD           .096          .173          .153          .192          .134          .211 
N=8


====================================================================================
                 
5/2/2017    The operative Peerless signal is an Sell S4.  It has not been joined by
                                    a different Peerless Sell signal.  That would probably occur on an additional
                                    200 point gain.  Sell S4s are reliable bearish.

                                    Take profits in QQQ, but hold TECL long in case it breaks out above top
                                    of its price channel.  DIA should have been shorted on Monday because
                                    of the S4 and DIA's falling Closing power. 

                                                           
S4 Short Sale Results on DJI

                                                                                                                  Avg. Gain.   Number of Cases
                                          A
ll S4s since 1929                                                11.0%             36
                                          All S4s since 1945                                                8.8%               28  
                                          S4s when no other signal present since  1945        4.8%               14 
                                           "Type 1" S4s since 1945                                      7.0%                 7 
                                          S4s since 1945 when P-I over +95                       7.4%               17 
                                          S4s since 1945 when LA/MA<1.02                      9.9%                 9 
                                          S4s when IP21, V-I and OBVPct< 0                    9.2%                 2 

                                                
 Paper Losses on Sell S4s since 1945
                                                         None - 10 cases
                                                         0.1% to 1.0% - 10 cases
                                                         1.1% to 2.0% - 6 cases
                                                         2.1% to 3.0% - 1 case
                                                         3.1% to 3.4% - 1 case
                                            (See the
latest study of all Peerless S4s here).  

                                               




                                  
 The DJI now stands 1.1% over the 21-day with a negative IP21,  OBVPct and V-I. 
                                    DIA's Closing Power is in a clear downtrend.  The Hourly DISI is significantly weaker
                                    than DJI prices have been for the last two months.  See below. This is reliably bearish.




                                   
The DJI has not managed 3-straight up-days for more than two months and only one
                                    2-straight up-days' run since early March.  This shows the upside is limited in the
                                    minds of big-Money and they are quickly distributing/selling shares on a regular basis.
                                    This can't be good after a bull market advance that has lasted 8 years and 2 months.




                                   
The leading 13 high-priced DJI stocks have formed a bearish head/shoulders pattern.
                                    The DJI-30 is weighted in such a way so that these 13 have great control on where
                                    the full DJIA can go.  This is important, because the overall market hardly ever rises
                                    very far without the DJI-30 participating.  And when we look back at when the DJI
                                    did lag the general market, a top was very near.  This was definitely the case in the
                                    second half of 1976 and in the first quarter of 2000.




                                  
                                   
What could be worse?  Today the previously strong tech heavy QQQ, TECL and
                                    SOXL ETFS mostly "spun their wheels"
.  They are very over-bought, having almost reached
                                    their upper bands.  Now Profit-taking in them will probably keep them from rising.
                                    What will now keep appearance that the US stock market is still very strong?  Will that
                                    cause the Public to reconsider Trump's magic for stocks and reduce the numbers
                                    of stock-purchasers at the opening?  Watch the Opening Powers now and see if they
                                    start turning bearish.


                                  
So what's going on?  Traders have clearly started to think the upside is limited for now.
                                   Short-term rates are going up.  See the Short-Term chart just below.



                                   Only the FED knows for how long and how far rates will be rising.  But one thing is
                                   clear, and it's pretty scary: the day's of the Fed's pumping of trillions into the support
                                   of stocks by maintaining very low interest rates and buying huge amount of private
                                   and government debt instruments are probably over and are going to be reversed
                                   someday soon.  What sent the market up taken away will surely send the market down
                                   unless there is a massive fiscal stimulus in the form of tax cuts AND infrastructure spending.
                                   But when will there be such stimulus?  Trump's ability to produce a working Congressional
                                   majority and also overcome vetoes from the Senate now seems quite limited.  Not just
                                   his critics are starting to count his many swift policy reversals and the increasing numbers
                                   of empty threats and bluffs. (See
                                  

                                  
All in all, there seems little reason for the market not to pull-back and re-think what
                                   lies ahead.  I would, however, stay long TECL.



                                     
  5/2/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

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

                
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                   Others REN, JJCNIB, WEAT  UUP (Dollar)

                                   
5/2/17    Bullish MAXCPs    Bearish MINCPS
                                             (of 181 (-8) stocks/ETFs)  (of 162 (+10) stocks/ETFs)

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              5/2/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            100%          1             1             1             1             1 
NIFTY          .965          1             1             .965          .965          .965 
ETFS           .926          .882          .852          .852          .867          .897 
BONDFUND       .91           .937          .892          .875          .866          .776 
INFRA          .909          .909          .909          .909          .818          .909 
HOSPITAL       .857          .428          .428          .428          .428          .571 
JETS           .777          .555          .555          .555          .555          .666 
GAMING         .766          .8            .7            .733          .833          .766 
SOFTWARE       .765          .765          .75           .765          .75           .75 
BEVERAGE       .75           .75           .8            .8            .8            .85 
MORNSTAR       .739          .743          .743          .777          .806          .798 
HOMEBLDG       .722          .777          .777          .888          .888          .777 
DJI-13         .692          .769          .769          .769          .769          .769 
SEMI           .681          .706          .689          .767          .724          .732 
N = 14
HACKERS        .666          .722          .777          .722          .722          .722 
UTILITY        .666          .644          .711          .666          .733          .8 
NASD-100       .659          .67           .692          .703          .681          .703 
ELECTRON       .654          .67           .68           .711          .68           .69 
GREEN          .645          .612          .645          .709          .806          .774 
COMPUTER       .64           .6            .64           .56           .64           .52 
INDEXES        .638          .638          .617          .651          .68           .659 
MILITARY       .622          .622          .644          .644          .622          .622 
DOWJONES       .6            .666          .666          .666          .7            .7 
SP500          .583          .583          .594          .619          .629          .64 
SOLAR          .578          .526          .578          .631          .578          .526 
CHEM           .577          .591          .647          .676          .704          .69 
REIT           .567          .625          .572          .64           .718          .734 
RUS-1000       .566          .576          .58           .617          .635          .638 
BIOTECH        .565          .584          .584          .588          .604          .581 
TRANSP         .55           .45           .45           .6            .5            .55 
CHINA          .532          .532          .532          .564          .564          .596 
INSURANC       .529          .647          .676          .794          .764          .735 
RETAIL         .517          .464          .482          .517          .535          .464 
SP-100         .505          .505          .546          .567          .587          .577 
N = 20
=========================================================================================
FINANCE        .5            .532          .478          .597          .652          .619 
PIPELINE       .444          .444          .333          .333          .333          .666 
INDMATER       .428          .489          .479          .469          .479          .5 
REGBANKS       .388          .444          .416          .666          .805          .666 
N = 4
-------------------------------------------------------------------------------------------
COAL           .333          .333          .111          .222          .222          .222 
AUTO           .325          .35           .375          .45           .45           .35 
COMODITY       .285          .3            .285          .271          .285          .271 
OILGAS         .259          .259          .221          .208          .291          .284 
FOOD           .214          .285          .142          .142          .142          .142 
GOLD           .173          .153          .192          .134          .211          .192 
BIGBANKS       .142          .142          0             .142          .571          .428 
N= 7                      

====================================================================================
                 5/1/2017     Friday's Sell S4 signal should keep us away from DIA and SPY whose
                                    Closing Powers are falling.  Short sales on DIA would also seem appropriate
                                    considering how reliable bearish Sell S4 signals are.
 


                                    As I mentioned yesterday, the DJI's seasonality does not turn bearish for another couple
                                    of weeks, but we also want to consider how ugly the Hourly DISI-OBV looks now, breaking
                                    to new lows ahead of the DJI and the how the two month long pattern in which the DJI
                                    cannot achieve even two straight advances, so great is Big Money's quiet selling of these
                                    Blue Chips.

                                                SPY may still manage a breakout above its flat resistance
                                                at 240.  This will probably send it quickly up another 5 points.
                                                So, I would not short SPY.



                                    QQQ, TECL and the NASDAQ are already running in all-time high
                                    territory.  They should be held long a little longer.
 They have not yet reached
                                    their upper bands.  Taking long profits in them then seems to me a good idea.
 
                                    For now we remember how QQQ topped out 6 weeks after the DJI did in the
                                    year 2000.  But see how AAPL (now the highest AI/200 stock in the DJI-30)
                                    and QQQ are starting to show negative Accumulation on their rallies.  This produces
                                    Tiger Sell S9s.  These technology-growth favorites have kept rising precisely because
                                    of the way the blue chips in the DJI-30, OEX and even the SP-500 are lagging and
                                    languishing; high performance money has no choice but to focus on the smaller and
                                    smaller group of stocks and ETFs that keep rising.

                                    If the percentage of sectors showing more than 50% of their stocks below the 65-dma
                                    itself falls below 50%,  it will confirm the bearishness of the Sell S4.
  Below you see
                                    that 32 groups still show a majority of their stocks above their 65-dma while only 13
                                    groups have most of their  stocks below it.  These weak groups include two that are
                                    very important: Big Banks and Oil/Gas. 

                                    Another sign that the Sell S4 will work out  well for the bears will be if  the number of
                                    MINCP stocks starts outpacing the number of MAXCPs.
 Presently,  there are 189 MAXCPs
                                    and 152 MINCPs.

                                    Finally, I think we can be very confident that there will be a big drop in the DJI
                                    if the big head/shoulders patterns in the DJI-13, FAS (Big Banks) and Transportation
                                    (DJI-20) are completed.
   That has not happened yet but the pattern's emergence  explains
                                    why traders are avoiding these groups.
 

 
                   5/1/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

                              
       CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                     RSX   RETL   SLV   SOXL   TECL   TMF   TNA  XIV  YINN
 
                
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                  Others REN, JJCNIB, WEAT  UUP (Dollar)
               
5/1/17    Bullish MAXCPs    Bearish MINCPS (of 189 stocks/ETFs) (of 152 stocks/ETFs) RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 5/1/17 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- EDU 1 1 1 1 1 1 NIFTY 1 1 .965 .965 .965 .965 BONDFUND .937 .892 .875 .866 .776 .901 INFRA .909 .909 .909 .818 .909 .909 ETFS .882 .852 .852 .867 .897 .882 GAMING .8 .7 .733 .833 .766 .8 HOMEBLDG .777 .777 .888 .888 .777 .833 DJI-13 .769 .769 .769 .769 .769 .692 SOFTWARE .765 .75 .765 .75 .75 .734 BEVERAGE .75 .8 .8 .8 .85 .85 MORNSTAR .743 .743 .777 .806 .794 .76 HACKERS .722 .777 .722 .722 .722 .611 SEMI .706 .689 .767 .724 .741 .715 NASD-100 .677 .698 .709 .688 .709 .698 ELECTRON .67 .68 .716 .68 .695 .659 N=15
DOWJONES       .666          .666          .666          .7            .733          .633 
INSURANC       .647          .676          .794          .764          .764          .705 
UTILITY        .644          .711          .666          .733          .8            .777 
INDEXES        .642          .617          .651          .68           .659          .638 
REIT           .625          .572          .64           .718          .734          .682 
MILITARY       .622          .644          .644          .622          .622          .6 
GREEN          .612          .645          .709          .806          .774          .677 
COMPUTER       .6            .64           .56           .64           .52           .56 
CHEM           .591          .647          .676          .704          .69           .661 
BIOTECH        .588          .584          .581          .608          .581          .533 
SP500          .585          .595          .62           .631          .643          .629 
RUS-1000       .581          .584          .621          .639          .645          .618 
JETS           .555          .555          .555          .555          .666          .666 
CHINA          .532          .532          .564          .564          .596          .548 
FINANCE        .532          .478          .597          .652          .63           .565 
SOLAR          .526          .578          .631          .578          .526          .526 
SP-100         .505          .546          .567          .587          .587          .525
N=17 
===========================================================================================
INDMATER       .489          .479          .469          .479          .5            .51 
RETAIL         .464          .482          .517          .535          .464          .517 
TRANSP         .45           .45           .6            .5            .55           .55 
PIPELINE       .444          .333          .333          .333          .666          .444 
REGBANKS       .444          .416          .666          .805          .666          .611 
HOSPITAL       .428          .428          .428          .428          .571          .571 
AUTO           .35           .375          .45           .45           .35           .425 
N=7
-------------------------------------------------------------------------------------------
COAL           .333          .111          .222          .222          .222          .222 
COMODITY       .3            .285          .271          .285          .271          .285 
FOOD           .266          .133          .133          .133          .133          .133 
OILGAS         .259          .221          .208          .291          .291          .221 
GOLD           .15           .188          .15           .207          .188          .339 
BIGBANKS       .142          0             .142          .571          .571          .142 
N=6


=================================================================================  
              
4/28/2017            Finally we have a new Peerless sell signal.  It is a Sell S4.  I, for one, am glad
                                           to have the Peerless signal finally coincide with, rather than fight, the bearish
                                           looking DISI-OBV Line our Hourly DJI chart.  At the very least, the
                                           DJI is apt now to retest its 65-dma.  A bigger decline is certainly a
                                           possibility, too.  The DJI continues to fail to achieve two up-days in a row.
                                           Clearly, big sellers are in a hurry to get out of the market.




                                           R
emember the adage, "In May, go away".  The DJI may be able to
                                           eke out small gains over the next week or two.  But Mays, Junes
                                           Julys do not typically bring longs much to smile about.  That at least is what
                                           our report for the DJI's behavior since 1965 shows.  The type of action
                                           we are seeing in which big stocks like FB and GOOG get most of the
                                           play will likely continue for a while longer.  But when the "Remaining Nifty"
                                           stocks turn down, there may be little to hold the market up.  See how
                                           they steeply they have risen recently.  More and more high-performance
                                           money is being channeled into fewer and few stocks, those making new
                                           highs


The 29 stocks now comrising our NIFTY-STOCKS' INDEX:
AAPL ADBE ADP ALGN AMT AMZN ATVI AVGO CHDN CPA CTAS EQIX EXPD FB FISV
GOOG HD HSKA JNPR LMT MSFT NVR PCLN PLUS PNRA REGN TSLA VRTX XLNX 




                                                      What Happens To DJI after April 30th since 1965
                                                                 
                                                                                             Pct of Years
                                                                                           achieving a Gain
                                                  ---------------------------------------------------------
                                                  After 5-trading days                52%
                                                  After 10-trading days              58%
                                                  After 21-trading days              50%
                                                  After 42 trading days              48%
                                                  After 65-trading days              46%

                                          
Friday, the NASDAQ, QQQ and TECL rose again.  As long as their
                                           steep Closing Powers are rising, traders may want to hold them still
                                           longer.  But I think it is significant that the
IWM (Russell-2000) fell
                                           sharply on Friday, thereby joining
FAS and Bank Stocks, which closely
                                           correlate with the
DJI
and SP-500.

                                                   
A Plunging Hourly DJI's DISI that makes new lows
                                                    far ahead of prices is definitely a bearish sign for the
                                                    overall market.  The last three 10% declines have all
                                                    had this signature.




                                          
The Sell S4 occurs  when the current Accumulation Index (IP21) falls
                                           below its 21-day ma following a decent-sized rally, but with weakening internal
                                           indicators. You can see from the DJI chart below that the IP21, V-I and OBVPct are
                                           all in  negative territory and the P-Indicator is falling fast, dropping 76 on
                                           Friday.  This is a signal that should be trusted.  There have been numerous
                                           Sell S4s.  All would have been reversed at lower DJIA prices using the next
                                           Peerless Buy signal.  See the
latest study of all Peerless S4s.   The average gain
                                           on short sales taken after a Sell S4 from 1945 to 2017 was 8.8%.  Paper losses
                                           on these short s have been quite small.


                                               
Paper Losses on Sell S4s since 1945
                                                         None - 10 cases
                                                         0.1% to 1.0% - 10 cases
                                                         1.1% to 2.0% - 6 cases
                                                         2.1% to 3.0% - 1 case
                                                         3.1% to 3.4% - 1 case

                                          
The likely downside consequences for this signal can be gleaned from
                                           the S4s past track record in general, but also by considering what the most
                                           significant technical considerations are in the present case. 

                                             
                                                 
   S4 Short Sale Results

                                                                                                                  Avg. Gain.   Number of Cases
                                          A
ll S4s since 1929                                                11.0%             36
                                          All S4s since 1945                                                8.8%               28  
                                          S4s when no other signal present since  1945        4.8%               14 
                                           "Type 1" S4s since 1945                                      7.0%                 7 
                                          S4s since 1945 when P-I over +95                      7.4%               17 
                                          S4s since 1945 when LA/MA<1.02                     9.9%                 9 
                                          S4s when IP21, V-I and OBVPct< 0                   9.2%                 2 


                                          This is an "isolated" Peerless Sell.  There are no other Peerless Sells
                                          yet along with it.  Since 1945, the average drop for "isolated" S4s
                                          was only 4.8%.

                                          Our software has its own way of breaking down Sell S4s.  This  is a
                                          "type 1" Sell S4.  It has averaged a decline of 7.0% in 7 cases since
                                          1965.

                                          A positive "P"-Indicator has tended to slightly reduce the power of
                                          a Sell S4 since 1945.  But in the 17 cases where the P-I was above
                                          +95, the DJI still fell 7.4% at the time of the next Peerless Buy signal.

                                          That the DJI is now above the 21-dma by only 1.2% does not much
                                          weaken the power of the Sell S4s.  the opposite seems to be true.  When
                                          the DJI gets a Sell S4 below the 2% upper band, the DJI tends to drop even
                                          more than when it was above it:  9.5% versus 8.8%, again considering only
                                          the cases since 1945.

                                

                   4/28/17   Index and ETF Charts:  
                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks

                              
       CrudeOil  FAS  GLD  BBH  IBB  JETS  JNUG  KOL  NUGT  OIH   OIL 
                                     RSX   RETL   SLV   SOXL   TECL   TMF   TNA  XIV  YINN
 
                
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                  Others REN, JJCNIB, WEAT  UUP (Dollar)
              
4/28/17    Bullish MAXCPs    Bearish MINCPS RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 4/28/17 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- EDU 1 1 1 1 1 1 NIFTY 1 .965 .965 .965 1 .896 INFRA .909 .909 .818 .909 .909 .454 BONDFUND .892 .875 .866 .776 .892 .928 ETFS .852 .852 .867 .897 .882 .823 BEVERAGE .8 .8 .8 .85 .85 .8 HACKERS .777 .722 .722 .722 .611 .666 HOMEBLDG .777 .888 .888 .777 .833 .777 DJI-13 .769 .769 .769 .769 .692 .692 SOFTWARE .75 .765 .75 .75 .718 .687 MORNSTAR .743 .777 .806 .794 .764 .63 UTILITY .711 .666 .733 .8 .777 .733 GAMING .7 .733 .833 .766 .8 .766 NASD-100 .698 .709 .688 .709 .698 .645 SEMI .689 .767 .724 .741 .715 .663 ELECTRON .68 .716 .685 .695 .664 .582 INSURANC .676 .794 .764 .764 .705 .5 N = 17 ----------------------------------------------------------------------------------------------- DOWJONES .666 .666 .7 .733 .633 .566 CHEM .647 .676 .704 .69 .661 .535 GREEN .645 .709 .806 .774 .677 .612 MILITARY .644 .644 .622 .622 .6 .555 COMPUTER .64 .56 .64 .52 .56 .48 INDEXES .617 .651 .68 .659 .647 .621 SP500 .595 .62 .631 .643 .629 .55 BIOTECH .588 .581 .6 .584 .533 .434 RUS-1000 .584 .621 .639 .645 .618 .549 SOLAR .578 .631 .578 .526 .526 .473 REIT .572 .64 .718 .734 .682 .734 JETS .555 .555 .555 .666 .666 .444 SP-100 .546 .567 .587 .587 .525 .463 CHINA .532 .564 .564 .596 .548 .532 N= 14 -----------------------------------------------------------------------------------------------
RETAIL         .482          .517          .535          .464          .517          .5 
INDMATER       .479          .469          .479          .5            .51           .387 
FINANCE        .478          .597          .652          .63           .565          .456 
TRANSP         .45           .6            .5            .55           .55           .4 
HOSPITAL       .428          .428          .428          .571          .571          .285 
REGBANKS       .416          .666          .805          .666          .611          .388 
AUTO           .375          .45           .45           .35           .4            .275 
N=7
-----------------------------------------------------------------------------------------------
PIPELINE       .333          .333          .333          .666          .444          .444 
COMODITY       .285          .271          .285          .271          .285          .342 
OILGAS         .221          .208          .291          .291          .221          .208 
GOLD           .188          .132          .226          .188          .339          .452 
FOOD           .133          .133          .133          .133          .133          0 
COAL           .111          .222          .222          .222          .222          .222 
BIGBANKS       0             .142          .571          .571          .142          0 
N=7

 =================================================================================
              
4/27/2017           We still have no Peerless sell signal on this rally.  Expect resistance to
                                          come in at 21000.  It should continue to be fierce until the
                                          DJI breaks out above 21200.  A rally with a close above 21120 will probably
                                          bring a Sell S12 or Sell S15.  For now, as long as the NYSE A/D Line
                                          keeps making new highs, and it did so just barely today, I would
                                          think we will see the rally continue.
 




                                         
But not all stocks or indexes will participate.  Oil/gas stocks are clearly lagging
                                          while the newer technology stocks keep making new highs.  So, stick with the
                                          NASDAQQQQ and TECL, as they run in all-time high territory. Much now
                                          depends now on how the IWM Russell-2000 and MDY do, whether they
                                          can clearly breakout into all-time high territory or choose to pulls back.


                                        
 Despite their being no Peerless Sell, I would prefer to sell DIA on
                                          a DJI rally to 12100 but hold SPY.
 
                                        
 The reasons for avoiding DIA are clear enough:
                                          1) The Closing Powers for DIA and SPY are now rated as "Bearish".
                                          2) The Hourly DISI is diverging very badly from the uptrend.
                                          3) The current Accum. Index (IP21) is negative even as the DJI has
                                          reached the 1.5% upper band.  The last few years demonstrate that this is
                                          usually high enough off the 21-dma to stop a rally. See these charts
                                          with the experimental 1.75% upper band-tagged S12s further below.
                                          4) The normally leading high-priced DJI-13 stocks Index have not broken
                                          above their developing H/S pattern's right shoulder. 
                                          5) We need to the Big Banks stocks, GS and JPM destroy their potential

                                         
head/shoulders patterns by rising above these patterns' right shoulder apexes.


                                         
                                                               
Recent Experimental S12s
                                       occurring with DJI tagging 1.75% upper
                                        band over 21-dma and a negative IP21:
                                                            2009-2017


                                                   4 April-May Cases
                                        2009 DJI goes 4% higher
                                        2011 DJI goes 3% higher

                                        2012  DJI falls 8% very quickly
                                        2016  May - DJI starts eroding before falling 13%
                                                                        
 See this New Study 

                                                        Conclusion from this limited, but more recent data:

                                        After the first few years of a new bull market, we can no longer expect
                                        the DJI to make much more upside progress when this type of experimental
                                        S12 occurs.  Accordingly, it might be a good idea to take profits in
                                        DIA on strength above 21000, especially the number of NYSE decliners
                                        rises above advancers late in the trading day,


                                    
4/27/17   Index and ETF Charts:  
 

                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks


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

                   
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                    Others REN, JJCNIB, WEAT  UUP (Dollar)

                                    
4/27/17    Bullish MAXCPs     Bearish MINCPS   

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              4/27/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             1 
NIFTY          .965          .965          .965          1             .896          .931 
INFRA          .909          .818          .909          .909          .454          .363 
HOMEBLDG       .888          .888          .777          .833          .777          .777 
BONDFUND       .875          .866          .776          .892          .928          .919 
ETFS           .852          .867          .897          .882          .838          .808 
BEVERAGE       .8            .8            .85           .85           .8            .85 
INSURANC       .794          .764          .764          .705          .5            .647 
MORNSTAR       .777          .806          .794          .764          .634          .655 
DJI-13         .769          .769          .769          .692          .692          .692 
SEMI           .767          .724          .741          .715          .672          .681 
SOFTWARE       .765          .75           .75           .718          .671          .718 
GAMING         .733          .833          .766          .8            .766          .766 
HACKERS        .722          .722          .722          .611          .666          .611 
ELECTRON       .716          .685          .701          .664          .597          .608 
GREEN          .709          .806          .774          .677          .645          .645 
NASD-100       .709          .688          .709          .698          .645          .677 
CHEM           .676          .704          .69           .661          .549          .549 
N=18
===========================================================================================
DOWJONES       .666          .7            .733          .633          .6            .6 
REGBANKS       .666          .805          .666          .611          .388          .361 
UTILITY        .666          .733          .8            .777          .733          .733 
INDEXES        .651          .68           .659          .647          .638          .655 
MILITARY       .644          .622          .622          .6            .555          .577 
REIT           .64           .718          .734          .682          .734          .77 
SOLAR          .631          .578          .526          .526          .473          .473 
RUS-1000       .621          .639          .645          .618          .557          .59 
SP500          .62           .631          .643          .629          .56           .583 
TRANSP         .6            .5            .55           .55           .4            .4 
FINANCE        .597          .652          .63           .565          .467          .467 
BIOTECH        .584          .6            .577          .537          .442          .521 
SP-100         .567          .587          .587          .525          .484          .494 
CHINA          .564          .564          .596          .548          .532          .548 
COMPUTER       .56           .64           .52           .56           .48           .52 
JETS           .555          .555          .666          .666          .444          .555 
RETAIL         .517          .535          .464          .517          .5            .535 
N=17
===========================================================================================
INDMATER       .469          .479          .5            .51           .397          .397 
AUTO           .45           .45           .35           .4            .275          .3 
HOSPITAL       .428          .428          .571          .571          .428          .428 
--------------------------------------------------------------------------------------------
PIPELINE       .333          .333          .666          .444          .444          .444 
COMODITY       .271          .285          .271          .285          .342          .371 
COAL           .222          .222          .222          .222          .222          .222 
OILGAS         .208          .291          .291          .221          .208          .202 
BIGBANKS       .142          .571          .571          .142          0             0 
FOOD           .133          .133          .133          .133          0             0 
GOLD           .132          .207          .207          .339          .452          .433 
N=7


================================================================================
             
4/26/2017        There is probably more to this rally.  A deterioration in breadth
                                      would be bearish.  For now stay long the strongest ETFs and
                                      most bullish MAXCPs.  Favor those already making new highs.
                                      Each rally since Trump was elected President has reached the|
                                       full +3.5% band.  We have yet to see a DJI decline below the 1.75%
                                      lower band.  The trend must be considered UP until Peerless gives
                                      us a Sell or the DJI forms and completes a bearish H/Shoulders pattern.



                                     
Traders sold semi-automatically on the release of the White House
                                      tax proposals for Congress and the Closing Powers turned back
                                      down for DIA and SPY.  The Hourly OBV-DISI Line does look increasingly
                                      bearish.  Without rising volume there appears to be limited upside potential for
                                      the DIA and SPY.  But they are not likely to drop enough tomorrow to cause their
                                      5-day ma to turn back down and their Closing Powers are not likely
                                      to switch from neutral to bearish tomorrow. 



                                     


                                      More should be expected from the NASDAQ, QQQ and TECL.  They
                                      show rising Closing Powers, positive IP21s and rising 5-dma. 

                                      Seasonality is still bullish.  Since 1965, the DJI has risen 66% of the
                                      time and gained on 1/2% in the week after April 26.


                                     
                                      New Research - We are  close to A Sell S12 but the P-Indicator
                                      is still too positive for a signal.  See the study.

                                        S12
CASES SINCE 1929 WHERE P-I was OVER +200
.
                                                  These are of interest to us on 4/26/2007

                                      Only 5 of the 93 Sell S12s occurred with the P-Indicator above +200.
                                      Good gains (assuming one went short on the signal) followed in all 5 of these cases.
                                      They ranged from 5.4% to +17.1%.  Paper losses ranged from none to 3.2%.
                                      This suggests that heavy distribution can defeat and thwart a rising market
                                      enjoying good breadth, but does so rarely and often in rising markets only
                                      after an additional 2% to 3% gain.  This is also what the research on Sell S15s
                                      suggested last night.

                                      There were two 1997 cases where the DJI was making new highs and where
                                      the A/D Line was confirming the DJI strength, like now.  In these cases, there
                                      were paper losses of 2.3% and 3.2%.

                                      What is most interesting is that both of the 1997 cases occurred with the
                                      DJI  only 1.3% and 1.7% over the 21-day ma.  The DJI closed today just
                                      1.5% over the 21-day ma with a negative IP21 (-.032).  What has prevented
                                      a Sell S12 for us now was first, the much more positive P-I reading (+382 ) and
                                      second, the fact that these S12s took place in the often bearish month of September.

                                      Looking at all 93 S12 cases, you will see that we can have had 5 Sell S12s in April.
                                      The gains were smaller, ranging from +1.5% to +8.1%, but none of the paper losses
                                      were over 2.2%.

                                      My conclusion from this is that we are most likely going to see the DJI
                                     move a little higher before re-testing the 65-dma.

                                                
 How Sincere Are Conservatives?

                                                     
 In the Conservatives' Hierarchy of Values
                                            which is more important?
                                          
                                            Tax Cuts for The Rich or Budget Balancing?
                                                 

                              "
The White House insists that economic growth will offset its proposed tax cuts,
                                      but many economists disagree, creating a moment of truth for conservatives."
                                     
Consider the coming weeks' discussion about the Budget a view into
                                      the heart of Fiscal Conservatives who have long advocated balancing budgets.

                                      https://www.nytimes.com/2017/04/26/us/politics/trump-tax-plan-budget-deficit.html?emc=edit_th_20170427&nl=todaysheadlines&nlid=58223894&_r=0
                                      My guess is that they will go along with the tax cuts and hope that
                                      "Voo-Doo" economics has some economic magic.  Stay tuned. 
                                     

                                    
 4/26/17   Index and ETF Charts:  
 

                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks


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

                   
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                    Others REN, JJCNIB, WEAT  UUP (Dollar)

                                    
4/26/17    Bullish MAXCPs     Bearish MINCPS   
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               4/26/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             1             .875 
NIFTY          .965          .965          1             .896          .931          .896 
HOMEBLDG       .888          .777          .833          .777          .777          .777 
ETFS           .867          .897          .882          .838          .838          .779 
BONDFUND       .866          .776          .892          .928          .919          .928 
GAMING         .833          .766          .8            .766          .766          .766 
INFRA          .818          .909          .909          .454          .363          .272 
GREEN          .806          .774          .677          .645          .677          .612 
MORNSTAR       .806          .794          .764          .634          .672          .567 
REGBANKS       .805          .666          .611          .388          .361          .083 
BEVERAGE       .8            .85           .85           .8            .85           .85 
DJI-13         .769          .769          .692          .692          .692          .692 
INSURANC       .764          .764          .705          .5            .647          .588 
SOFTWARE       .75           .75           .718          .671          .718          .718 
UTILITY        .733          .8            .777          .733          .733          .777 
SEMI           .724          .741          .715          .672          .689          .629 
HACKERS        .722          .722          .611          .666          .611          .555 
REIT           .718          .734          .682          .734          .776          .786 
CHEM           .704          .69           .661          .549          .549          .478 
DOWJONES       .7            .733          .633          .6            .6            .566 
NASD-100       .688          .709          .698          .645          .677          .634 
ELECTRON       .685          .701          .67           .597          .623          .551 
INDEXES        .68           .659          .647          .638          .668          .521 
N=23
---------------------------------------------------------------------------------------------
FINANCE        .652          .63           .565          .467          .467          .271 
COMPUTER       .64           .52           .56           .48           .52           .44 
RUS-1000       .639          .645          .618          .557          .588          .521 
SP500          .631          .643          .629          .56           .581          .512 
MILITARY       .622          .622          .6            .555          .577          .511 
BIOTECH        .604          .577          .529          .446          .521          .478 
SP-100         .587          .587          .525          .484          .494          .432 
SOLAR          .578          .526          .526          .473          .526          .473 
BIGBANKS       .571          .571          .142          0             0             0 
CHINA          .564          .596          .548          .532          .564          .451 
JETS           .555          .666          .666          .444          .555          .444 
RETAIL         .535          .464          .517          .5            .535          .357 
========================================================================================== 
TRANSP         .5            .55           .55           .4            .4            .3 
INDMATER       .479          .5            .51           .397          .397          .306 
AUTO           .45           .35           .4            .275          .3            .225 
HOSPITAL       .428          .571          .571          .428          .428          .428 
------------------------------------------------------------------------------------------
PIPELINE       .333          .666          .444          .444          .444          .444 
OILGAS         .291          .291          .221          .208          .196          .183 
COMODITY       .281          .267          .281          .338          .366          .366 
COAL           .222          .222          .222          .222          .222          .111 
GOLD           .207          .188          .358          .452          .433          .358 
FOOD           .133          .133          .133          0             0             0 
N = 6

                                         

=================================================================================
             
4/25/2017        A Cut in Corporate Taxes to 15% seems very likely to pass
                                      Congress.  Money talks and the market could not be happier.
                                      The new highs by the NASDAQ, QQQ and TECL seem about
                                      be joined by the very broad-based Russell-2000 (IWM)
                                      and MDY (mid-caps). See how they exploded today past the potential
                                      resistance in their nascent head/shoulders' patterns.  Shorts
                                      will be under great pressure now to cover these.



                                           
The DJI (see below) now stands 1.7% over the 21-dma.  It has not yet
                                            made a nominal new closing high.  It's V-I and OBVPvt
                                            remain negative.  This suggests it may not be able to make
                                            much more than a nominal new high above 21100 before
                                            needing to back and fill a little. 



                                     


                                      While it is certainly true that Up-Volume is lagging and the
                                      Hourly DJI's OBV-Line is pointing downwards, breadth is almost
                                      always a better predictor of the general stock market.  It reflects both
                                      speculative interest and interest rate expectations.


                                      Another part of the puzzle now is what will happen in Korea.
                                      I consider the tough talk from the leaders of N Korea and
                                      the US to be belied by the bull market that the Korean ETF,
                                      KEF, is enjoying.  So, perhaps, the market is right not to
                                      worry too much about WW III just yet!  Let's hope!
 
                                     

                                      New research tonight shows that we should not take a Peerless
                                      Sell S15 signal this week
.  The Sell S15 is the signal that is most likely
                                      to occur if the DJI rises above 21116 tomorrow or above 21120 later
                                      this week.  The new research shows, and I did not know this until tonight,
                                      that all but one of the 19 previous Sell S15s occurred when the
                                      NYSE A/D Line was FAILING to confirm a DJI new high.  In the single
                                      exception, 2002, there was a 5% paper loss on the Sell S15.  This was by
                                      far the biggest paper loss.
 See the revised statistics for the Peerless S15 below.
                                      Click on the Dates to see the charts and signals. 
What also stands out from
                                      this data is that in none of these cases was the P-Indicator so positive as now
                                      (+361), even allowing for the increasing number of stocks traded.  

Key Values shown by second row for each date:
LA/MA   21-dma ANNROC P-I  Daily Change of P-I   IP21  V-I  OBVPct  65-dayPct Change  65-dma ANNROC
 
SELL S15s since 1928
DATE          Signal         DJI            Gain  Subsequent Action
==========================================================================
19360303      S15            156.2         .042 Hit 158.8, then 150.4
la/ma  annroc P-I       IP21   V-I OBVPct  65chan annroc of
                                                   65-dma
1.026  .525  +38  +13  +.014  -109  +.023  .089  .33
NYSE A/D NC
==========================================================================
19360401      S15            158.9         .058 Hit 160.4, then 149.7 
1.024  .198  -37  -10  -.126  -250  +.097  .111  .40
NYSE A/D NC
==========================================================================
19370210      S15            189.4         .126  194.4  3/10
1.019  .391  -10  +12  +.034  -202  +.12   .038  .14
NYSE A/D NC
==========================================================================
19370305      S15            194.1         .147  194.4  3/10
1.028  .373  -15  +5   +.037  -231  +.094  .059  .22
NYSE A/D NC
==========================================================================
19600105      S15            685.5         .107   .107 Perfect!
1.018  .40    +4  +6   -.038  -170  +.099  +.085 +.31
NYSE A/D NC
==========================================================================
19700401      S15            792.04        .155   Perfect!
1.018  .181   -58 -3   -.014  -1    +.034  +.008 -.03
NYSE A/D NC
==========================================================================
19720406      S15            959.44        .025
1.02   .159   -70 15   +.036  -1    -.09   +.075 +.28
NYSE A/D NC
==========================================================================
19720525      S15            969.07
1.025  .279   -10 14   +.004  -1    +.235  +.061  +.23
NYSE A/D NC
==========================================================================
19730105      S15            1047.49       .114
1.023  .238   -77 -7   +.039  -2    +.055  +.098  +.36
NYSE A/D NC
==========================================================================
19760324      S15            1009.21       .048
1.024  .192   -64 +10  -.033  -1    +.261  +.195  +.66
NYSE A/D NC
==========================================================================
19760421      S15            1011.02        
1.019  .345   -1  +15  +.038  -1    +.073  +.071  +.26
NYSE A/D NC
==========================================================================
19800213      S15            903.84        .14 
1.028  .478   -26 +1   -.01   -1    +.212  +.12   +.44
NYSE A/D NC
==========================================================================
19900103      S15            2809.73       .074 
1.027  .27    +36 -15  +.08   -4    +.097  +.043  +.16
NYSE A/D NC
========================================================================== 
19940518      S15            3732.89       .026 
1.017  .365   -13 +93  +.074  -6    +.042  -.042  -.17
NYSE A/D NC  FALLING 65 DMA
==========================================================================
19980422      S15            9176.72       .168 
1.021  .478   +17 +4   +.057  -8    +.053  +.183  +.64
NYSE A/D NC
========================================================================== 
20000107      S15            11522.56      .131
1.021  .48    -23 +103 -.028  -59   +.356  +.088  +.33 
NYSE A/D NC
==========================================================================
20020226      S15            10115.26      .19  DJI rose to 10633.35 before falling.
1.027  .333   +68 +16  +.047  -160  -.064  +.021  +.09
A/D LINE DID CONFIRM!
========================================================================= 
20080501      S15            13040         .127 
1.029  .405   +178 +33 +.048  -28   +.082  +.044  +.17
           highest PI
NYSE A/D NC
=========================================================================
20120501      S15            13279.32      .087   Perfect.
1.018  .061   +78  +18 -.003  -87   +.037  +.048  +.18
NYSE A/D NC
--------------------------------------------------------------------
    No.=19  completed... All profitable.  Only one had a significant
    (>4%) paper loss and in its case the A/D Line was confirming the
    DJI's advance.  The highest P-I among these cases was in 2008.
 

 



                                    
4/25/17   Index and ETF Charts:  
 

                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks


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

                   
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                    Others REN, JJCNIB, WEAT  UUP (Dollar)

                                    
4/25/17    Bullish MAXCPs     Bearish MINCPS         

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              4/25/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             1             .875          .875 
NIFTY          .965          1             .896          .931          .896          .896 
INFRA          .909          .909          .454          .363          .272          .272 
ETFS           .897          .882          .838          .838          .794          .852 
BEVERAGE       .85           .85           .8            .85           .85           .85 
UTILITY        .8            .777          .733          .733          .755          .822 
MORNSTAR       .794          .764          .634          .672          .575          .563 
HOMEBLDG       .777          .833          .777          .777          .777          .833 
BONDFUND       .776          .892          .928          .919          .928          .919 
GREEN          .774          .677          .645          .677          .612          .612 
DJI-13         .769          .692          .692          .692          .692          .769 
GAMING         .766          .8            .766          .766          .766          .766 
INSURANC       .764          .705          .5            .647          .588          .617 
SOFTWARE       .75           .718          .671          .718          .718          .687 
SEMI           .741          .715          .672          .689          .629          .603 
REIT           .734          .682          .734          .776          .781          .776 
DOWJONES       .733          .633          .6            .6            .566          .566 
HACKERS        .722          .611          .666          .611          .555          .555 
NASD-100       .709          .698          .645          .677          .634          .623 
ELECTRON       .701          .67           .603          .623          .556          .494 
CHEM           .69           .661          .549          .549          .492          .507 
N=21
JETS           .666          .666          .444          .555          .444          .444 
PIPELINE       .666          .444          .444          .444          .444          .333 
REGBANKS       .666          .611          .388          .361          .083          .055 
INDEXES        .659          .647          .638          .668          .55           .554 
RUS-1000       .645          .618          .557          .588          .52           .52 
SP500          .643          .629          .56           .581          .51           .522 
FINANCE        .63           .565          .467          .467          .271          .282 
MILITARY       .622          .6            .555          .577          .511          .466 
CHINA          .596          .548          .532          .564          .483          .483 
SP-100         .587          .525          .484          .494          .432          .443 
BIOTECH        .581          .529          .438          .525          .486          .45 
BIGBANKS       .571          .142          0             0             0             0 
HOSPITAL       .571          .571          .428          .428          .428          .571 
TRANSP         .55           .55           .4            .4            .3            .2 
SOLAR          .526          .526          .473          .526          .473          .473 
COMPUTER       .52           .56           .48           .52           .44           .44 
N=16
=============================================================================================
INDMATER       .5            .51           .397          .397          .326          .316 
RETAIL         .464          .517          .5            .535          .357          .357 
AUTO           .35           .4            .275          .3            .225          .175 
N=3

OILGAS         .291          .221          .208          .196          .183          .215 
COMODITY       .267          .281          .338          .366          .352          .422 
COAL           .222          .222          .222          .222          .111          .111 
GOLD           .188          .339          .471          .433          .377          .584 
FOOD           .133          .133          0             0             0             0 
N=5


=================================================================================
             
4/24/2017        The DJIA jumped up more than 200 points at the opening.  Europeans says it
                                      was part of a world-wide financial rally resulting from news that the French
                                      Presidential Electoral runoff system may have turned back the populist candidate,
                                      Marine Le Pen, who wants France to leave the Euro zone.  Americans sense
                                      that the reason for the big gains was that Trump and the Republican Congress
                                      seem headed to cut corporate income taxes to 15%.



 

                                      We who follow the charts and technical indicators will want to explain the
                                      rally as being the result of a successful test by the DJI, SP-500 and NASDAQ
                                      of their rising 65-dma. 
The DJI's crossing back above the 65-dma with a
                                      NYSE A/D Line already at a new high has a very good record of quickly bringing
                                      a further advance to new highs.
  Since 1965, I can find only one case where
                                      the DJI failed to make a new high after crossing back above a rising 65-dma
                                      with the A/D Line making new highs.  This was in 1997.  In this case, Sell S12s
                                      warned of the 13% DJI decline that was coming a month later. 

                                      In this new study, there were 6 cases where the DJI scored multiple new highs
                                      in the aftermath of a super-breadth-confirmed crossover of a rising 65-dma
                                      and 4 cases of the DJI making only a nominal new high before reversing.
 So, the
                                      odds look good for a rally by the DJI soon to new highs.  But, it may be only
                                      a nominal new closing high.
  We could get a Sell S12 or S15 if we get two
                                      more up-days like today.   A DJI close above 21116 (2.2% over the 21-dma)
                                      would likely give us a new Peerless
Sell since even two more good breadth days like
                                      today would still leave our "IP21", "V-I" and "OBVPct" Indicators in negative
                                      territory.

                                      We want, if possible, to be long those stocks and ETFs that have already
                                      made new highs, like QQQ, TECL or the NASDAQSOXL did breakout
                                      today above the apex of its theoretical right shoulder in a head/shoulders pattern.
                                      Shorts will be pressed to cover and drive up all the these tech indexes. 



                                      Elsewhere, we still see head/shoulders patterns where today's close is at or just below
                                      the apex of a hypothetical head/shoulders.  It remains to be seen if we get the
                                      additional rises in these which will destroy their head/shoulders patterns by
                                      having prices rise significantly above their potential right shoulder apexes.
                                      See these charts: AAPL, CAT, JPM, BBH, IBB, MDY, TNA and DJI-20.
                                                      
                                                         DIA - Closing Power is still neutral.


                                                          

                                         SPY
- Closing Power is still neutral.


                                      Ideally, we want to see prices continue to rise after tomorrow's opening. 
                                      Today, they did not.  But, they also did not drop or fade.  As you can see
                                      above, we still need to see our Closing Powers  for DIA and SPY decisively
                                      break their downtrends if the rally is going to keep going under the pressure
                                      of Professional buying. 

                                      If the Professionals do turn bullish, and prices do rise significantly after the
                                      openings this week, it will be quite bullish.  We can see how breaks in the
                                      CP downtrends for DIA and SPY this past year has set off excellent rallies.

                                      Right now the upper band 2.5% to 3.5% bands look they are the target.
                                      But more than that seems unlikely.  Up-Day Volume needs to rise by a lot more
                                      than we are now seeing in the OEX, SP-500, NYSE (below).  
                                      The DJI's Hourly DISI-Volume looks weak.  This argues against us getting a
                                      a big, broad rally with multiple new highs.
                                     
                                     
                                          
                                     



                                    
4/24/17   Index and ETF Charts:  
 

                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks


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

                   
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                    Others REN, JJCNIB, WEAT  UUP (Dollar)

                                    
4/24/17    Bullish MAXCPs     Bearish MINCPS         

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               4/24/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             1             .875          .875          .875 
NIFTY          1             .896          .931          .896          .896          .931 
INFRA          .909          .454          .363          .272          .272          .272 
BONDFUND       .892          .928          .919          .928          .919          .919 
ETFS           .882          .838          .838          .794          .852          .882 
BEVERAGE       .85           .8            .85           .85           .85           .85 
HOMEBLDG       .833          .777          .777          .777          .833          .777 
GAMING         .8            .766          .766          .766          .766          .733 
UTILITY        .777          .733          .733          .755          .822          .844 
MORNSTAR       .764          .634          .672          .575          .579          .605 
SOFTWARE       .718          .671          .718          .718          .687          .64 
SEMI           .715          .672          .689          .629          .62           .603 
INSURANC       .705          .5            .647          .588          .617          .647 
NASD-100       .698          .645          .677          .634          .623          .602 
DJI-13         .692          .692          .692          .692          .769          .769 
REIT           .682          .734          .776          .781          .776          .734 
GREEN          .677          .645          .677          .612          .58           .612 
ELECTRON       .67           .603          .628          .556          .515          .525 
N = 18
JETS           .666          .444          .555          .444          .444          .444 
CHEM           .661          .549          .549          .492          .507          .492 
INDEXES        .647          .638          .668          .55           .554          .638 
DOWJONES       .633          .6            .6            .566          .566          .566 
SP500          .629          .56           .581          .51           .522          .527 
RUS-1000       .618          .557          .588          .52           .522          .517 
HACKERS        .611          .666          .611          .555          .555          .5 
REGBANKS       .611          .388          .361          .083          .055          .083 
MILITARY       .6            .555          .577          .511          .466          .488 
HOSPITAL       .571          .428          .428          .428          .571          .714 
FINANCE        .565          .467          .467          .271          .282          .271 
COMPUTER       .56           .48           .52           .44           .44           .44 
TRANSP         .55           .4            .4            .3            .2            .25 
CHINA          .548          .532          .564          .483          .483          .564 
BIOTECH        .533          .438          .517          .49           .458          .529 
SOLAR          .526          .473          .526          .473          .473          .526 
SP-100         .525          .484          .494          .432          .443          .453 
RETAIL         .517          .5            .535          .357          .339          .339 
INDMATER       .51           .397          .397          .326          .316          .306 
N = 19
===========================================================================================
PIPELINE       .444          .444          .444          .444          .333          .333 
AUTO           .4            .275          .3            .225          .175          .175 
GOLD           .339          .452          .452          .377          .584          .584 
n=3
-------------------------------------------------------------------------------------------
COMODITY       .281          .338          .366          .352          .422          .507 
COAL           .222          .222          .222          .111          .111          .111 
OILGAS         .221          .208          .196          .183          .215          .227 
BIGBANKS       .142          0             0             0             0             0 
FOOD           .142          0             0             0             0             0 
N= 5


=================================================================================
             
4/21/2017    Expect Good Rallies This Week.

                                 
The DJI seems to have successfully tested its 65-dma.
                                  The renewed White House focus on the Budget will help the
                                  DJIA.  It's hard to overstate how eagerly Wall Street quietly wants
                                  and expects tax cuts.  The markets refused to sell off on Friday despite
                                  the dangers of a World War beginning in Korea.  That's pretty amazing,
                                  it seems to me.  Instead, the NYSE A/D Line made a new high far ahead
                                  of the DJI itself.  Even so, volume will have to expand on this week's
                                  rally if the resistance overhead is to be overcome.


                                  A strong A/D Line making 40 day new highs when the DJI is below its 21-day
                                  ma, as has been true a lot recently, is generally bullish, but by no means
                                  all the time.  See the new study.  There were 29 earlier cases going back
                                  to 1965.  12 brought rallies.  8 soon saw declines.  In 9 instances the DJI
                                  went sidewise for 10 weeks.  As long, as the DJI stays above its
                                  65-dma but does not rise too quickly to the upper band, expect the uptrend
                                  to stay intact.

                                  Perhaps more bullish, the downtrend-line for our Accumulation Index
                                  on the DJI was broken.  This is important: with Accumulation
                                  now replacing Distribution, rallies now are likely not to encounter so
                                  much selling on strength and are apt not to be faded so much towards the
                                  day's close.  If this interpretation is correct, then our Tiger Closing Power for
                                  the DIA and SPY should soon break their downtrends even if the
|                                 DJI opens up strongly.  That has a history of being quite bullish. 
                                  See the charts of the DJI and DIA just below.



                                 

                                     
The Closing Power for QQQ and the NASDAQ are already rising.
                                      They should next challenge the resistance lines shown just below.
                                      The main technical problems for QQQ and the NASDAQ are:
                                      (1) their broadening patterns are not particularly bullish and
                                      (2) their upside potential up to their resistance lines is limited.



                                    
                    



                                    
4/21/17   Index and ETF Charts:  
 

                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks


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

                   
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                    Others REN, JJCNIB, WEAT  UUP (Dollar)

                                    
4/21/17    Bullish MAXCPs     Bearish MINCPS              

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
                            4/21/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            1             1             .875          .875          .875          .75 
BONDFUND       .928          .919          .928          .919          .919          .928 
NIFTY          .896          .931          .896          .896          .931          .827 
ETFS           .838          .838          .794          .852          .882          .823 
BEVERAGE       .8            .85           .85           .85           .85           .85 
HOMEBLDG       .777          .777          .777          .833          .777          .777 
GAMING         .766          .766          .766          .766          .733          .666 
REIT           .734          .776          .781          .776          .734          .682 
UTILITY        .733          .733          .755          .822          .844          .755 
DJI-13         .692          .692          .692          .769          .769          .769 
SEMI           .672          .689          .629          .62           .603          .551 
SOFTWARE       .671          .718          .718          .687          .64           .562 
HACKERS        .666          .611          .555          .555          .5            .444 
N=13
GREEN          .645          .677          .612          .58           .612          .516 
NASD-100       .645          .677          .634          .623          .602          .537 
INDEXES        .638          .668          .55           .554          .638          .495 
MORNSTAR       .634          .672          .575          .579          .609          .462 
ELECTRON       .603          .628          .561          .515          .525          .479 
DOWJONES       .6            .6            .566          .566          .566          .533 
SP500          .56           .581          .51           .522          .533          .464 
RUS-1000       .557          .588          .52           .522          .52           .449 
CHEM           .549          .549          .492          .507          .492          .436 
MILITARY       .533          .555          .488          .466          .488          .377 
CHINA          .532          .564          .483          .483          .58           .596 
N=11
===========================================================================================
INSURANC       .5            .647          .588          .617          .647          .529 
RETAIL         .5            .535          .357          .339          .339          .285 
===========================================================================================
SP-100         .484          .494          .432          .443          .453          .391 
COMPUTER       .48           .52           .44           .44           .44           .36 
SOLAR          .473          .526          .473          .473          .526          .421 
FINANCE        .467          .467          .271          .282          .271          .228 
INFRA          .454          .363          .272          .272          .272          .09 
GOLD           .452          .433          .396          .584          .584          .622 
JETS           .444          .555          .444          .444          .444          .444 
PIPELINE       .444          .444          .444          .333          .333          .333 
BIOTECH        .442          .517          .482          .462          .529          .478 
HOSPITAL       .428          .428          .428          .571          .714          .714 
TRANSP         .4            .4            .3            .2            .25           .2 
INDMATER       .397          .397          .326          .316          .316          .295 
REGBANKS       .388          .361          .083          .055          .083          .055 
COMODITY       .338          .366          .352          .422          .507          .478 
N=15
AUTO           .275          .3            .225          .175          .175          .15 
COAL           .222          .222          .111          .111          .111          .111 
OILGAS         .208          .196          .183          .215          .227          .221 
BIGBANKS       0             0             0             0             0             0 
FOOD           0             0             0             0             0             0 
n=5


=================================================================================
             
4/20/2017        Peerless has not given a new Buy signal, but the Closing Power
                                     for DIA seems about to bullishly break its downtrend.  SPY and QQQ
                                    
show rising Closing Powers now.  Another good day for the market will
                                     make it seem that the 65-day ma has been successfully tested.  On the
                                     other hand, another reversal downward after a one-day rally would
                                     show that a lot of big holders of stocks are still anxiously selling
                                     into just one day's strength.  If that happens, we must again ask what are
                                     they afraid of. And what will it take for them to regain their confidence in
                                     the market. 

                                     Because of the possibility of international developments regarding Korea
                                     taking place over there weekend, there may be more selling into strength
                                     tomorrow.  That would mean we may not see the market make a meaningful
                                     advance until next week.

                                     Watch SOX (Semi-conductors below), FAS and MDY to see if these key ETFs
                                     can rally enough from here to destroy their potential head/shoulders patterns. 
                                     I would consider this quite bullish in the short-run, because of all the short-covering
                                     that should then follow.  A failure to achieve breakouts, on the other hand,
                                     would probably mean more backing and filling while a lengthier right shoulder
                                     is developed.


 

                                    
Volume rose and SPY's Closing Power is now slightly above its now rising
                                     CP-21-day ma and so is rated as "bullish" by TigerSoft.  The SPY chart seems
                                     to show what appears now to have been a successful test of its rising 65-dma. 
                                     This should now allow it to test its highs at 240. Unfortunately, without more
                                     volume, a price-breakout above that level seems unlikely.



                                     DIA, which must cope "with the weakened and high-priced GS and IBM,
                                     has not yet had its Closing Power become rated "bullish".  Its Closing Power
                                     is still in a downtrend and DIA is still slightly below the resistance of its
                                     falling 21-day ma.  A bullish break by DIA's Closing Power of its downtrend looks
                                     imminent.  Apparently, the market expects Congress still to rewrite ObamaCare
                                     which will allow Republicans to pass big tax cut legislation before too long just as
                                     many on Wall Street dismiss as rhetoric all the war talk regarding North Korea.



                                     Interestingly,  if one simply builds a DJI-30 weighted by average price times
                                     average volume, the Tiger-DJI-30, one sees a bullish looking Index.  See the
                                     chart below.  Barring a big new sell-off in GS, IBM or Oil (which would hurt
                                     XOM and CVX in the DJI-30, it appears that DIA has seen its lows on
                                     this minor correction.  However, we still need to see another solid advance,
                                     one where the DJI closes convincingly above its opening.  Otherwise, the
                                     bearish pattern of the DJI only making isolated one-day advances will still
                                     be present and DIA's Closing Power will not yet have broken its downtrend.



                                 
                               
QQQ rates Buying.  Its Opening and Closing Power are both rising.
                                It was so much stronger than the DJI that it did not even have to test
                                its 65-dma.  Its "ITRS" shows that it has outperformed DIA by 2%
                                over the last 50-trading days.
  


                                    
                             
If the market really wants to do something impressive, it will rise so much in
                              the next week that the various potential head/shoulders patterns will be
                              destroyed.  FAS will need to close above  45 for its head/shoulders pattern
                              to look like it has failed.  Similarly a close by TNA above 110 would destroy
                              its head/shoulders pattern and thereby invite more buying in the smaller Russell-2000
                              stocks.




                                 
                                   
4/20/17   Index and ETF Charts:  
 

                                     PEERLESS DJI, Signals, Indicators    Daily DJI Split Volume   10-Day Up/Down Vol 
                                     Hourly DJIA    A/D Line 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      A/D Line-6000 Stocks


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

                   
             To STOCKS' CHARTS  
                                    AAPL   AMAT  AMGN  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   JPM
                                    MASI  MSFT  NVDA  QCOM
 
                                    Others REN, JJCNIB, WEAT  UUP (Dollar)

                                    
4/20/17    Bullish MAXCPs   Bearish MINCPS              
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               4/20/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
EDU            100%          .875          .875          .875          .75           .625 
NIFTY          .931          .896          .896          .931          .827          .862 
BONDFUND       .919          .928          .919          .919          .928          .919 
BEVERAGE       .85           .85           .85           .85           .85           .85 
ETFS           .838          .794          .852          .882          .823          .882 
HOMEBLDG       .777          .777          .833          .777          .777          .722 
REIT           .776          .781          .776          .734          .682          .734 
GAMING         .766          .766          .766          .733          .666          .7 
UTILITY        .733          .755          .822          .844          .755          .866 
SOFTWARE       .718          .718          .687          .64           .578          .687 
DJI-13         .692          .692          .769          .769          .769          .769 
SEMI           .689          .629          .62           .603          .543          .577 
GREEN          .677          .612          .58           .612          .516          .58 
NASD-100       .677          .634          .623          .602          .537          .602 
MORNSTAR       .672          .575          .579          .609          .466          .592 
N=15 
INDEXES        .663          .55           .554          .638          .495          .63 
INSURANC       .647          .588          .617          .647          .558          .647 
ELECTRON       .628          .561          .52           .525          .474          .5 
HACKERS        .611          .555          .555          .5            .444          .555 
DOWJONES       .6            .566          .566          .566          .533          .666 
RUS-1000       .588          .52           .522          .52           .454          .514 
SP500          .581          .51           .522          .533          .468          .529 
CHINA          .564          .483          .483          .58           .596          .629 
JETS           .555          .444          .444          .444          .444          .444 
MILITARY       .555          .488          .466          .488          .377          .466 
CHEM           .549          .492          .507          .492          .45           .577 
RETAIL         .535          .357          .339          .339          .285          .392 
SOLAR          .526          .473          .473          .526          .421          .421 
BIOTECH        .521          .482          .454          .533          .478          .43 
COMPUTER       .52           .44           .44           .44           .4            .44 
N=15 
===========================================================================================
SP-100         .494          .432          .443          .453          .391          .505 
FINANCE        .467          .271          .282          .271          .228          .239 
PIPELINE       .444          .444          .333          .333          .333          .444 
GOLD           .433          .377          .603          .584          .622          .622 
HOSPITAL       .428          .428          .571          .714          .714          .714 
TRANSP         .4            .3            .2            .25           .2            .2 
INDMATER       .397          .326          .316          .316          .295          .377 
COMODITY       .366          .352          .422          .507          .464          .464 
INFRA          .363          .272          .272          .272          .181          .454 
REGBANKS       .361          .083          .055          .083          .055          .083 
N=10
---------------------------------------------------------------------------------------------
AUTO           .3            .225          .175          .175          .15           .2 
COAL           .222          .111          .111          .111          .111          .111 
OILGAS         .196          .183          .215          .227          .221          .278 
BIGBANKS       0             0             0             0             0             0 
FOOD           0             0             0             0             0             0 
N=5


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