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HELP 
          A Guide To Profitably Using The Tiger Nightly HOTLINE
 Introduction to Tiger/Peerless Buys and Sells.
 Peerless Buy and Sell Signals: 1928-2016
 Individual Peerless signals explained:
       
http://tigersoftware.com/PeerlessStudies/Signals-Res/index.htm
      http://www.tigersoft.com/PeerInst-2012-2013/  
 Explanation of each Peerless signal. http://www.tigersoft.com/PeerInst-2012-2013/
 Different Types of TigerSoft/Peerless CHARTS, Signals and Indicators
 Peerless Signals and DJI Charts   - version 7/4/2013
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                             HELP
 A Guide To Profitably Using The Tiger Nightly HOTLINE
 Introduction to Tiger/Peerless Buys and Sells.
 Peerless Buy and Sell Signals: 1928-2016
 Individual Peerless signals explained:
       
http://tigersoftware.com/PeerlessStudies/Signals-Res/index.htm
      http://www.tigersoft.com/PeerInst-2012-2013/  
 Explanation of each Peerless signal. http://www.tigersoft.com/PeerInst-2012-2013/
 Different Types of TigerSoft/Peerless CHARTS, Signals and Indicators
 Peerless Signals and DJI Charts   - version 7/4/2013
              1965    1965-6    1966   1966-7    1967    1967-8    1968   1968-9   1969       1969-70   1970    1970-1 1971
              1971-2  1972  1972-3     1973   1973-4   1974      1974-5     1975   1975-6      1976    1976-7      1977 1977-1978
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              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



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

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


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

f 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.

              
 ===> Please report any broken or out-of-date links. william_schmidt@hotmail.com
===================================================================================
                    ===================================================================================
 
  
                4/5/2017  Given the operative Peerless Buy B4, the DJI
                  should not drop below the the lower band.  But a test of that
                  level seems likely after today's disappointing action.
  

                       The good news is that ,most often, the final top in the DJI occurs at the upper band
                       and only when either the P-Indicator or the Accumulation Index is negative.  So,
                       on this basis, too, I think we are entitled to at least one more good advance.  And I
                       expect the next top to coincide with Congress passing a tax cut and a big Infrastructure
                       program.
  
                  But short-term I admit I am worried.
   There is no arguing that after
                      reaching the upper band at the start of March, the DJI has since
                      been in a downtrend. See the Hourly DJI chart just below.
  
                 
Today the DJI again could not close above the resistance of its
                      falling 21-day ma. As long as the IP21 and V-Indicator are negative,
                      the 21-day ma is apt to be a barrier.  In this situation, I'm no longer so
                      sure the 65-dma will hold on the next test. Its annualized rate of ascent   
                      has slowed down to just 15%.   The next decline, if the NYSE A/D Line
                      uptrend breaks, will  probably be to 20000-20200.

  
                     There are some other serious warning signs now.  Food and fuel prices are
                     falling.  A number of major retail stocks show serious weakness.  Big
                     Banks must sense trouble ahead.  The Closing Power for FAS is
                     in a downtrend.  Biotechs and Mid-Caps (MDY) now show bearish
                     head/shoulders patterns.  And two important tech stocks, IBM and NVDA
                     show bearish head/shoulders patterns.
  
                 
April is usually a month that allows a good rally above the 21-day ma.  
                 
But today's rally on good Jobs' news above that level was quickly shot down
                      by the hawks at the Fed.
  
                 
Think about this.  The DJI lost 200 points in just the last two hours of trading,
                      all because their "Minutes" showed that Yellen and the majority were ready to
                      raise rates further, but not because of inflation in the form of rising commodity, labor,
                      producer or consumer costs and prices,  but solely because stocks are too high. 
  
                      I think the market is right to be scared.  This is very dangerous thinking.
                      In 1929, 1937 and 1987, it was worries about excessive stock market speculation
                      that caused the Fed to raise rates.  Real inflation was minimal.  In 1929 and 1937,
                      business was even contracting.  The Fed seems ignorant to just how powerful they are.
                      But what can we do?  They created the long bull market. Now they want to take it all away. 
                      Perhaps, so Trump will be blamed!?  
  
                 
Short-term traders, I think, should now be using our QuickSilver strategy
                      and stay out of each major market ETF until its Closing Powers and 5-day
                      moving average are rising or until Peerless gives a new buy signal.

  
                        Key ETFs    5-dma  4-5    4-6       Support  Resistance  IP21  ITRS
                                           trend            Pivot
                                                               Point
                        -------------------------------------------------------------------------------------
                        DIA
                        SPY
                        QQQ
                        MDY
                        IWM
                        FAS
                        BBH
                        OIL
                              



===================================================================================
                   
4/4/2017  Stick with the last major Peerless signal, the Buy B4. 
                 
 Fortunately, good breadth, as measured by the NYSE A/D Line, is more important
                   than volume, as measured by our V-Indicator, at least until after late May or
                   June.  QQQ and TECL are preferred to DIA and SPY for longs now.





                  

                  
Some selectivity is needed now.  
For now the DJI is narrowly stuck. 
                   It has good support at its 65-dma and refuses to correct  by much.  On the other
                   hand, it also cannot get past its 21-day ma, now about 110 points higher. 
                   The problem is not just GS and weakened big banks.  Many of the DJI's
                   other highest priced components are mired in what looks like a very wide
                   potential head/shoulders top, which  may take two-three months to resolve. 
                   See below the two most likely paths our DJI-13 (Its highest priced components)
                   might take. 



                  
While the DJI seems stalled out short-term,  the NASDAQ continued to
                   outperform the DJI.  See this in the chart just below.  A breakout into
                   all-time high ground would bring a quick challenge of the resistance
                   price-channel line shown below.



                  
Note today that a handful of important NASDAQ tech stocks, AAPL, AMZN, TSLA
                   and VRTX spurted multiple points to all-time highs.  This reinforces my sense
                   that QQQ and TECL look like the best ETF long holdings.  These breakouts
                   bode well for QQQ and TECL making similar breakouts.



                   Foreign ETFs, as a group, show the most individual components above their
                   65-dma of the 45 groups we currently follow.  Among the Bullish MAXCPs
                   find GCH (China), IIF (India), TWN (Taiwan),  At the opposite end are Big
                   Banks.  Hot international money has been vacating the Dollar and that has
                   negatively impacted the Big Banks for the being.

                             4/4/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT
                             4/4/2017:    Bullish MAXCPs   Bearish MINCPS   
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              4/4/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .955          .926          .911          .911          .941          .911 
BEVERAGE       .85           .85           .85           .85           .85           .85 
UTILITY        .844          .844          .866          .8            .844          .866 
DJI-13         .769          .769          .769          .769          .692          .769 
CHINA          .741          .709          .709          .709          .677          .693 
HOSPITAL       .714          .714          .714          .714          .714          .857 
DOWJONES       .7            .7            .7            .733          .7            .733 
GAMING         .7            .733          .766          .766          .733          .733 
NASD-100       .688          .655          .709          .731          .752          .709 
SEMI           .672          .681          .724          .732          .698          .672 
HOMEBLDG       .666          .666          .666          .722          .666          .666 
N=11
MORNSTAR       .663          .647          .714          .701          .659          .642 
NIFTY          .657          .628          .714          .714          .742          .714 
SOFTWARE       .656          .687          .671          .656          .625          .609 
CHEM           .633          .619          .661          .633          .619          .563 
EDU            .625          .75           .875          .875          .75           .75 
BONDFUND       .616          .66           .616          .589          .598          .5 
HACKERS        .611          .555          .555          .555          .5            .5 
INDEXES        .609          .617          .63           .634          .6            .617 
ELECTRON       .608          .628          .675          .67           .639          .618 
COMPUTER       .6            .56           .64           .6            .6            .6 
SP-100         .587          .567          .587          .639          .587          .577 
SP500          .575          .577          .604          .618          .591          .587 
RUS-1000       .564          .558          .6            .599          .574          .565 
INSURANC       .558          .558          .676          .588          .588          .588 
BIOTECH        .549          .577          .588          .577          .596          .557 
REIT           .546          .526          .51           .463          .453          .421 
GREEN          .516          .516          .612          .58           .516          .516 
SOLAR          .473          .421          .473          .473          .473          .421 
MILITARY       .466          .511          .555          .6            .577          .6 
JETS           .444          .444          .444          .444          .555          .555 
PIPELINE       .444          .444          .444          .222          .222          .333 
GOLD           .433          .358          .339          .301          .339          .32 
TRANSP         .4            .4            .45           .45           .4            .4 
INDMATER       .397          .377          .408          .408          .377          .367 
INFRA          .363          .363          .363          .363          .363          .363 
FINANCE        .358          .38           .423          .5            .38           .423 
RETAIL         .357          .375          .482          .5            .517          .357 
COMODITY       .352          .309          .366          .38           .394          .38 
OILGAS         .265          .259          .24           .215          .227          .183 
AUTO           .225          .225          .325          .375          .375          .325 
COAL           .222          .222          .111          .222          .222          .111 
BIGBANKS       .142          .142          .142          .428          .285          .285 
FOOD           .142          .142          .285          .285          .214          .214 
REGBANKS       .111          .111          .138          .222          .083          .111 
N=6


===================================================================================     
     
                 
4/3/2017  Stick with the last major Peerless signal, the Buy B4.
             
The short-term DJI H/S top and the Tiger S5 must be considered played out. 
                 Good DJI support is expected at its rising 21-dma.  The rising A/D Line helps a lot and
                 there is no indication that the Fed is about to press for higher interest rates this month,
                 but both the Opening and Closing Power are falling for DIA.  Another test of the
                 65-dma may be necessary.

                  



              
DIA could not get past the resistance posed by its falling 21-day ma,
                  so it may have to again test its rising 65-dma.  The head/shoulders
                  patterns in BBH, IWM and MDY do pose a problem for the bulls.
                  The advance is narrowing, despite the bullish message that the
                  A/D Line is sending us. 


                 
Breakdowns by BBH, IWM and MDY below the necklines in their head/shoulders patterns
                  would make it very difficult for DJI to do more than hold up the market and the
                  maintain appearance that is all is well with the Trump rally.  While we wait for the
                  drama of the Federal Budget to play out, I think QQQ and TECL should be held. 
                  They are stronger than the DJI and they have a history (2000 and 2008) of topping
                  out weeks and even months after the DJI does. 

                   But, at this time, short-term traders should respect our QuickSilver rules. 
                   A turning down of the 5-day ma (a close below the pivot-point) or a break in the
                   Closing Power uptrend should be treated as Sell signals even for QQQ and TECL.
 
                 
 SOXL fell 1.36 today.  It is always very volatile, but this weakness does show traders
                  are becoming unsettled by something.  SOXL has recently become a leader of the
                  short-term market.

                 
In the table below, we see that only QQQ and TECL show rising Closing Powers
                  and 5-day ma now.  It would not take much weakness tomorrow to turn TECL's
                  5-dma down.  The short-term looks vulnerable when we see that SPY, IWM,
                  MDY and SOXL have their Closing Power trends rated as questionable.

                  
                                  KEY VALUES FOR KEY ETFS

                         ETF          
4/3       5-day ma     Closing Power   Resistance  Support  IP21  ITRS
                                                      Pivot-Point   Chart Rating    
                                                      for
4/4                                    
                         ----------------------------------------------------------------------------------
                        DIA     206.25     
206.75          Bearish             208                204        -.018   ----------
                        
SPY     233.33      233.32          ?                        236                232        .021   -.004
                       
QQQ   132.3        131.64           Bullish              132.8             131        .140  +.032
                       IWM   136.03     
135.79          ?                        138                132        .06    -.03
                       MDY   310.73    
 309.63          ?                        316                300        .043 -.022

                       
TECL   66.75       66.52            Bullish               67.42            65.9       .084  +.182
                       SOXL  
76.98 1.36  77.80             ?                        80                 75          .174  +.213
                       
                       FAS      44.15       
44.12           Bearish             45.80             41         -.057  +.032

                  If you are looking for short sales hedges, consider the biotechs among our
                  Bearish MINCP stocks: VRX, TEVA and GILD.  If they cannot rise in a bull
                  market, what will they do when a bear market comes? 
 

                              4/3/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT
                             4/3/2017:    Bullish MAXCPs   Bearish MINCPS   
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              4/3/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .926          .911          .911          .941          .911          .897 
BEVERAGE       .85           .85           .85           .85           .85           .85 
UTILITY        .844          .866          .8            .844          .866          .866 
DJI-13         .769          .769          .769          .692          .769          .769 
EDU            .75           .875          .875          .75           .75           .75 
GAMING         .733          .766          .766          .733          .733          .733 
HOSPITAL       .714          .714          .714          .714          .857          .857 
CHINA          .709          .709          .709          .677          .693          .709 
DOWJONES       .7            .7            .733          .7            .733          .633 
SOFTWARE       .687          .671          .656          .625          .625          .625 
SEMI           .681          .724          .732          .698          .689          .698 
N=11
BONDFUND       .666          .621          .594          .603          .522          .504 
HOMEBLDG       .666          .666          .722          .666          .666          .666 
NASD-100       .655          .709          .731          .752          .72           .72 
MORNSTAR       .647          .714          .701          .659          .642          .584 
ELECTRON       .628          .675          .675          .639          .628          .644 
NIFTY          .628          .714          .714          .742          .714          .714 
INDEXES        .621          .63           .634          .6            .617          .613 
CHEM           .619          .661          .633          .619          .577          .549 
BIOTECH        .577          .588          .573          .596          .561          .577 
SP500          .577          .604          .618          .591          .593          .539 
SP-100         .567          .587          .639          .587          .597          .536 
COMPUTER       .56           .64           .6            .6            .6            .56 
INSURANC       .558          .676          .588          .588          .588          .529 
RUS-1000       .558          .6            .599          .574          .57           .516 
HACKERS        .555          .555          .555          .5            .5            .555 
REIT           .526          .51           .463          .453          .421          .385 
GREEN          .516          .612          .58           .516          .516          .516 
MILITARY       .511          .555          .6            .577          .6            .511 
JETS           .444          .444          .444          .555          .555          .444 
PIPELINE       .444          .444          .222          .222          .333          .333 
SOLAR          .421          .473          .473          .473          .473          .473 
TRANSP         .4            .45           .45           .4            .4            .2 
FINANCE        .38           .423          .5            .38           .434          .315 
INDMATER       .377          .408          .408          .377          .377          .336 
RETAIL         .375          .482          .5            .517          .357          .357 
INFRA          .363          .363          .363          .363          .363          .363 
GOLD           .358          .32           .32           .339          .32           .452 
COMODITY       .309          .366          .38           .394          .394          .38 
OILGAS         .259          .24           .215          .227          .183          .164 
AUTO           .225          .325          .375          .375          .325          .3 
COAL           .222          .111          .222          .222          .111          .111 
BIGBANKS       .142          .142          .428          .285          .285          0 
FOOD           .142          .285          .285          .214          .214          .142 
REGBANKS       .111          .138          .222          .083          .111          .055 
N=9




===================================================================================
                
3/31/2017  Stick with the uptrend. 
Seasonality is bullish.  The Closing
                                      Powers are rising.  The last Peerless signal was a Buy B4.  The
                                      DJI was sufficiently strong to not even quite touch the rising the
                                      65-dma on its last decline, such was the level of interest among
                                      institutional accumulators on weakness.  But money keeps going
                                      disproportionately into stocks that will benefit from the new
                                      Trump budget. 

                                  
Look for a bullish breakout from QQQ soon.



                       
In cases like this where there is a big shift in government priorities,
                              traders are usually better off playing the strongest stocks and ETFs. 
                              For me that means investing now in QQQ, TECL, SOXL and the
                              NASDAQ (below).  For stocks, we should look to the Bullish MAXCP
                              stocks for ideas and the best performing stocks now, as shown in my
                              new "Nifty-44" group.  Further below is the "Nifty-44" chart. 

    




                              
I suggest not being distracted by the news about Trump.  What
                                      counts here is that we will see a Republican budget.  There
                                      will be a tax cut and there will be a big shift towards military
                                      spending.  Trump is proposing a 10% increase in it.  This would
                                      amount to a colossal $54 billion increase.  There is no big war, so
                                      a lot more of this money will reach military contractors. 

                             
The biggest percentage increase in military spending since 1960
                                     occurred between 1965 and 1967, a +43% increase.  Most of this
                                     money went to support the war in Viet Nam.   But even so, the military
                                     budget had a huge impact in 1967 on the semi-conductors, computer and
                                     electronics stocks.  All this spending had much less effect on the DJI stocks. 
                                     The next year, 1968, was a year of wild public speculation in low
                                     priced stocks.  I would judge we are now in a market environment
                                     like 1967.   The Russell-2000 is not yet where money should
                                     go.  It is still well below resistance and shows a potentially
                                     bearish head/shoulders pattern.

              

------------------------------------------ To Charts --------------------------------------------

                             3/31/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT
                            3/31/2017:    Bullish MAXCPs   Bearish MINCPS   
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/31/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .911          .911          .941          .911          .897          .897 
EDU            .875          .875          .75           .75           .75           .625 
UTILITY        .866          .8            .844          .866          .888          .8 
BEVERAGE       .85           .85           .85           .85           .85           .85 
DJI-13         .769          .769          .692          .769          .769          .769 
GAMING         .766          .766          .733          .733          .733          .666 
SEMI           .724          .732          .698          .689          .698          .681 
HOSPITAL       .714          .714          .714          .857          .857          .714 
MORNSTAR       .714          .701          .659          .642          .592          .592 
NIFTY          .714          .714          .742          .714          .714          .714 
CHINA          .709          .709          .677          .693          .709          .693 
NASD-100       .709          .731          .752          .72           .72           .731 
DOWJONES       .7            .733          .7            .733          .666          .7 
INSURANC       .676          .588          .588          .588          .529          .529 
ELECTRON       .675          .675          .644          .628          .649          .623 
SOFTWARE       .671          .656          .625          .625          .625          .609 
N=16

HOMEBLDG       .666          .722          .666          .666          .666          .722 
CHEM           .661          .633          .619          .577          .549          .535 
COMPUTER       .64           .6            .6            .6            .56           .56 
INDEXES        .63           .634          .6            .617          .609          .609 
BONDFUND       .621          .594          .603          .522          .504          .36 
GREEN          .612          .58           .516          .516          .516          .548 
SP500          .602          .617          .589          .592          .541          .56 
RUS-1000       .6            .599          .574          .57           .518          .534 
BIOTECH        .588          .573          .592          .561          .573          .541 
SP-100         .587          .639          .587          .597          .546          .536 
HACKERS        .555          .555          .5            .5            .555          .5 
MILITARY       .555          .6            .577          .6            .533          .577 
REIT           .51           .463          .453          .421          .385          .432 
RETAIL         .482          .5            .517          .357          .357          .321 
SOLAR          .473          .473          .473          .473          .473          .473 
TRANSP         .45           .45           .4            .4            .2            .2 
JETS           .444          .444          .555          .555          .444          .444 
PIPELINE       .444          .222          .222          .333          .333          .222 
FINANCE        .423          .5            .38           .434          .315          .304 
INDMATER       .408          .408          .377          .377          .346          .346 
COMODITY       .366          .38           .394          .394          .38           .394 
INFRA          .363          .363          .363          .363          .363          .272 

AUTO           .325          .375          .375          .325          .325          .35 
GOLD           .32           .301          .358          .32           .49           .301 
FOOD           .285          .285          .214          .214          .142          .214 
OILGAS         .24           .215          .227          .183          .164          .17 
BIGBANKS       .142          .428          .285          .285          0             0 
REGBANKS       .138          .222          .083          .111          .055          .055 
COAL           .111          .222          .222          .111          .111          .111 
N= 7



              
 

==================================================================
             3/30/2017
    The rebound from the 65-dma for the DJI and SP-500
                may hesitate
because of resistance at their broken 21-day moving averages
                and because the rally in Bank Stocks has reached their most likely point of resistance,
                the level of their right shoulders in their potential head/shoulders patterns.
                This should be temporary
as the Closing Powers and 5-day ma of SPY, QQQ
                and TECL are rising as is the NYSE A/D Line. The active Peerless Buy signal
                should win out and we should see a DJI rally back up to
21200, at the least,
                in the next few weeks.  But watch MDY, FAS, IWM and BBH.  We would not
                want these to end up completing head/shoulders patterns.  It is important
                that their advances continue.

                     
Next 3 Charts: DJI and SPY at likely short-term resistance of 21-dma.
                     QQQ is close to its last barrier before making another bullish breakout.







                   
                 ------------------------------------------ To Charts --------------------------------------------

                             3/30/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT
                            3/30/2017:    Bullish MAXCPs   Bearish MINCPS    




                                     
  Watch to see if the ETFs shown below (MDY, FAS,
                                       IWM and BBH) can get past the potential right shoulder
                                       apex-resistance in their head/shoulders patterns. 


                                       We need to see these ETFs destroy their potential head/shoulders
                                       patterns by such advances.  Breakouts above their right shoulders
                                       would go a long way in allowing the rally to be broader than one
                                       based too exclusively on tech stocks in the QQQ and NASDAQ.





 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/30/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .911          .941          .911          .897          .897          .867 
EDU            .875          .75           .75           .75           .625          .625 
BEVERAGE       .85           .85           .85           .85           .85           .85 
UTILITY        .8            .844          .866          .888          .8            .777 
DJI-13         .769          .692          .769          .769          .769          .846 
GAMING         .766          .733          .733          .733          .666          .666 
DOWJONES       .733          .7            .733          .666          .7            .733 
SEMI           .732          .698          .689          .698          .681          .672 
NASD-100       .731          .752          .72           .72           .731          .731 
HOMEBLDG       .722          .666          .666          .666          .722          .722 
HOSPITAL       .714          .714          .857          .857          .714          .428 
NIFTY          .714          .742          .714          .714          .714          .714 
CHINA          .709          .677          .693          .709          .693          .709 
MORNSTAR       .701          .659          .642          .592          .596          .613 
ELECTRON       .675          .644          .634          .649          .628          .618 
N=15
SOFTWARE       .656          .625          .625          .625          .609          .609 
SP-100         .639          .587          .597          .546          .536          .556 
INDEXES        .634          .6            .617          .609          .613          .617 
CHEM           .633          .619          .577          .549          .535          .549 
SP500          .618          .591          .593          .543          .558          .581 
COMPUTER       .6            .6            .6            .56           .56           .6 
MILITARY       .6            .577          .6            .533          .555          .577 
RUS-1000       .599          .574          .57           .518          .534          .548 
BONDFUND       .594          .603          .522          .504          .378          .324 
INSURANC       .588          .588          .588          .529          .529          .558 
GREEN          .58           .516          .516          .516          .548          .548 
BIOTECH        .573          .592          .557          .573          .537          .494 
HACKERS        .555          .5            .5            .555          .5            .5 
FINANCE        .5            .38           .434          .315          .304          .304 
RETAIL         .5            .517          .357          .357          .339          .321 
SOLAR          .473          .473          .473          .473          .473          .473 
REIT           .463          .453          .421          .385          .427          .453 
TRANSP         .45           .4            .4            .2            .2            .2 
JETS           .444          .555          .555          .444          .444          .444 
BIGBANKS       .428          .285          .285          0             0             0 
INDMATER       .408          .377          .377          .346          .346          .387 
COMODITY       .38           .394          .394          .38           .394          .408 
AUTO           .375          .375          .325          .325          .35           .35 
INFRA          .363          .363          .363          .363          .272          .454 
GOLD           .301          .339          .339          .49           .339          .396 
FOOD           .285          .214          .214          .142          .214          .285 
COAL           .222          .222          .111          .111          .111          .111 
PIPELINE       .222          .222          .333          .333          .222          .222 
REGBANKS       .222          .083          .111          .055          .055          .055 
OILGAS         .215          .227          .183          .164          .17           .17 
N=6


===================================================================================
                
3/29/2017    Stick with the Buy B4 as the active Peerless signal.  Tests of the
                 65-dma like we have just seen are generally much more likely to bring a rally close
                 to the upper band at the least, than a breakdown below the lower band so long as
                 the DJI (or in our case the Bank stocks that comprise the FAS) does not form a
                 head/shoulders top.  See the
new research and charts of the DJI when it was
                 similarly situated in the past.

                             

                
Seasonality is bullish and the NYSE A/D Line is in an uptrend, as are the Closing
                 Powers of 
QQQ and TECL.  The highest priced tech stocks (ADBE, AMZN,
                 FB and GOOG) are getting much of the newly committed trading capital on the long side. 
                 Oil/Gas (Notice the Stochastic Buy system's success with OIL this last year.)
                 and Retail stocks did well, too, today.  But it will be important for FAS and the
                 Big Banks to stay above their key support level.


                          
  It would be very helpful to the bull's case if FAS can keep rallying
                             and escape what looks like a right shoulder formation.



                
                 A number for foreign ETFs have popped up in our bullish ranking.  That usually
                 means a good advance is very likely for that group.  Hot international money seems to
                 be flowing overseas away from the Dollar and the New York Banks. 
Notice
                 the Dollar's (UUP below) head/shoulders pattern below
.  Trump's scary behavior is
                 probably less to blame for this than the "threat" of a very unbalanced new Federal
                 budget or a complete budgetary impasse in three weeks.


               
                         
                          
Watch the development of our DJI-13 Index (below).  It could very well be
                           forming a right shoulder in what could either break down badly or
                           keep moving higher from the apex of a right shoulder apex that
                           matches the one on the top of the left shoulder.   The latter course
                           would allow the market to make a nice run until May.


              New Study of Tests of Rising 65-dma in Likely Bull Market

TESTS OF RISING 65-DMA IN BULL MARKETS
WHERE A/D LINE FAILS TO CONFIRM THE DECLINE,
3 MONTHS OF NON-VIOLATION OF 65-dma AND
BELOW 21-dma BY MORE THAN 1.2% (as was true for 3/27/2017)

See all charts here...

18 cases:
          6 instances where bull market continues.
          5 rallies but only to upper band.
          2 Minor declines and rallies to UB
          5 Big declines follow, 10% or more from high.

But what happened where both P and IP21 were negative?
                                                               
LA/MA     P-I        IP21
8/24/1959 H/S  10% decline                  .985           -78       -.031
2/10/1959 Bull Market continues         .986            -22      -.05
11/28/1940  H/S Additional big decline .983            -2        -.032
4/22/1936     Additional 12% decline    .98             -97        -.194
12/17/1935    Bull Market continues    .98              -51        -.214
 8/18/1933     Rally to Upper Band       .981            -57       -.155
Answer:  3 big declines, 1 rally to upper band and 2 bull market continues.
 -------------------------------------------------------------------------------------------------

 All Cases                                              LA/MA     P          IP21
3/27/2017                                             .986         -120     -.093

Nov 2010  Bull Market continues        .983         -36       +.146
9/25/2003  Bull Market continues        .984          +300    +.023
8/19/1997  Minor decline                      .981          +94      +.03
8/3/1995    Bull Market continues       .983          +37      -.072
2/28/1994  H/S 11% decline                 .98            -90       +.08

4/15/1987  rally to UB                          .979          -188     +.08
May 1986  rally to UB                          .979           +7        +.029
7/8/1983   rally to UB                           .986           -4         +.064
5/20/1971 H/S  Big decline unfolds      .986          -142     +.035
8/24/1959 H/S  10% decline                .985           -78       -.031

2/10/1959 Bull Market continues         .986            -22      -.05
11/18/1950 rally to UB                          .983            15        -.011
12/21/1945 Bull Market continues      .986             24        +.083
3/20/1945  H/S  minor decline              .983            127       +.069
11/28/1940  H/S Additional big decline .983            -2        -.032

4/22/1936     Additional 12% decline    .98             -97        -.194
12/17/1935    Bull Market continues    .98              -51        -.214
8/18/1933  rally to UB                           .981            -57       -.155

 

 ------------------------------------------ To Charts --------------------------------------------

                             3/29/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT
                            3/29/2017:    Bullish MAXCPs   Bearish MINCPS    


 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               3/29/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .941          .911          .897          .897          .867          .882 
BEVERAGE       .85           .85           .85           .85           .85           .85 
UTILITY        .844          .866          .888          .8            .777          .822 
NASD-100       .752          .72           .72           .731          .741          .752 
EDU            .75           .75           .75           .625          .625          .625 
NIFTY          .742          .714          .714          .714          .742          .771 
GAMING         .733          .733          .733          .666          .666          .6 
HOSPITAL       .714          .857          .857          .714          .428          .428 
DOWJONES       .7            .733          .666          .7            .733          .7 
SEMI           .698          .689          .698          .681          .672          .689 
DJI-13         .692          .769          .769          .769          .846          .846 
CHINA          .677          .693          .709          .693          .709          .693 
N= 12
HOMEBLDG       .666          .666          .666          .722          .722          .722 
MORNSTAR       .659          .642          .592          .596          .613          .596 
ELECTRON       .644          .634          .654          .628          .618          .613 
SOFTWARE       .625          .625          .625          .609          .625          .625 
CHEM           .619          .577          .549          .535          .549          .535 
BONDFUND       .603          .522          .504          .378          .333          .342 
COMPUTER       .6            .6            .56           .56           .6            .64 
INDEXES        .6            .617          .609          .613          .621          .592 
BIOTECH        .592          .557          .569          .537          .498          .49 
SP500          .591          .593          .543          .558          .581          .572 
INSURANC       .588          .588          .529          .529          .558          .529 
SP-100         .587          .597          .546          .536          .567          .567 
MILITARY       .577          .6            .533          .555          .577          .555 
RUS-1000       .574          .57           .518          .534          .553          .538 
JETS           .555          .555          .444          .444          .444          .333 
RETAIL         .517          .357          .357          .339          .321          .321 
GREEN          .516          .516          .516          .548          .548          .516 
HACKERS        .5            .5            .555          .5            .5            .5 
SOLAR          .473          .473          .473          .473          .473          .473 
REIT           .453          .421          .385          .427          .458          .385 
TRANSP         .4            .4            .2            .2            .2            .2 
COMODITY       .394          .394          .38           .394          .408          .394 
FINANCE        .38           .434          .315          .304          .315          .26 
INDMATER       .377          .377          .346          .346          .387          .357 
AUTO           .375          .325          .325          .35           .35           .325 
INFRA          .363          .363          .363          .272          .454          .363 
GOLD           .339          .32           .509          .339          .433          .49 
BIGBANKS       .285          .285          0             0             0             0 
OILGAS         .227          .183          .164          .17           .164          .151 
COAL           .222          .111          .111          .111          .111          .111 
PIPELINE       .222          .333          .333          .222          .222          .222 
FOOD           .214          .214          .142          .214          .285          .285 
REGBANKS       .083          .111          .055          .055          .055          .055 
N=5


-----------------------------------------------------------------------------------------------------------------------------------------------------
       
                        
3/28/17  Restore the Buy B4 as the current Peerless signal.  Consider it renewed
                         or reinforced.  Look for a DJI run to 21200 over the next 4 weeks.  This is usually
                         a bullish period.  Since 1965, the DJI has risen 68% of the time in the month following
                         March 28th.  The average gain on the DJI in this period was an impressive +2%.


                       
The DJI's completed Head/Shoulders pattern (minor Tiger S5) has probably
                        played itself out.  The DJI (and SP-500) have come within a hair of tagging the
                        rising 65-dma.  The DJI's recent low was not confirmed by either the P-Indicator
                        or the A/D Line.  In the 1980's, this would have been a judged Peerless Buy B8.  From
                        1993 until 2006, it would have been an automatic Buy B11.  In reversing today, the DJI
                        has now gone more than 5 1/2 months without closing at the 65-dma.  (All of these conditions
                        combined will be tested tomorrow night and shown here.) 




                       
The Hourly DJI's DISI-OBV line is in an uptrend now.  The Hourly OBV shows that
                        the selling pressure on the recent decline was quite limited.  And in fact, any DJI
                        decline now back down to the 65-dma will very likely produce a new Buy there.
                        So, support looks very good not far below that market for a few weeks. 
                        We will still need to see the Hourly DJI power itself above the resistance lines
                        shown below.





                       
The SPY-500 chart looks bullish.  See how its Closing Power has hooked
                        back up following its recent bulge of Accumulation.  This is a reliable short-term buy
                        based on Tiger's Closing Power rules. 





                       
And just when we needed it, a new leader has emerged among the Dow stocks.  AAPL's
                        breakout has gotten it a position among our most bullish MAXCP stocks. Buy it.  Its rise boosted
                        QQQ and TECL today.  More of an upside follow-through tomorrow would turn their charts'
                        head and shoulders patterns to dust.  This can be anticipated, I think, again because of their
                        Accumulation Index bulges and now bullishly rising Closing Powers.  Buy QQQ and TECL.





                      
                       
And even FAS and the Bank stocks bounced back today as the Dollar (UUP)
                        got a short-term red 5-day-Stochastic Buy. 



                       
So, all in all, trust the renewed Buy B4.  The DJI should be able to get back
                        to its highs and reach 21200 just in time for us to see Congress reach some kind
                        of "accommodation" on next year's budget at the end of April. In the meantime,
                        tech ETFs and SPY should do even better.

 
                                     ------------------------------------------ To Charts --------------------------------------------

                             3/28/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT
                            3/28/2017:    Bullish MAXCPs   Bearish MINCPs    

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/28/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .911          .897          .897          .867          .882          .882 
UTILITY        .866          .888          .8            .777          .822          .8 
HOSPITAL       .857          .857          .714          .428          .428          .428 
BEVERAGE       .85           .85           .85           .85           .85           .9 
DJI-13         .769          .769          .769          .846          .846          .769 
EDU            .75           .75           .625          .625          .625          .5 
DOWJONES       .733          .666          .7            .733          .7            .666 
GAMING         .733          .733          .666          .666          .6            .6 
NASD-100       .72           .72           .731          .741          .752          .72 
NIFTY          .714          .714          .714          .742          .771          .657 
CHINA          .693          .709          .693          .709          .693          .693 
SEMI           .689          .698          .681          .672          .689          .646 
N=12
HOMEBLDG       .666          .666          .722          .722          .722          .722 
MORNSTAR       .642          .592          .596          .613          .596          .584 
ELECTRON       .634          .654          .634          .618          .608          .587 
SOFTWARE       .625          .625          .609          .625          .625          .609 
INDEXES        .617          .609          .613          .621          .592          .613 
COMPUTER       .6            .56           .56           .6            .64           .52 
MILITARY       .6            .533          .555          .577          .555          .555 
SP-100         .597          .546          .536          .567          .567          .567 
SP500          .593          .543          .558          .581          .572          .564 
INSURANC       .588          .529          .529          .558          .529          .529 
CHEM           .577          .549          .535          .549          .535          .521 
RUS-1000       .57           .518          .534          .553          .54           .529 
BIOTECH        .557          .569          .533          .498          .498          .498 
JETS           .555          .444          .444          .444          .333          .333 
BONDFUND       .522          .504          .378          .333          .36           .315 
GREEN          .516          .516          .548          .548          .516          .483 
HACKERS        .5            .555          .5            .5            .5            .444 
SOLAR          .473          .473          .473          .473          .473          .473 
FINANCE        .434          .315          .304          .315          .26           .26 
REIT           .421          .385          .427          .458          .39           .395 
TRANSP         .4            .2            .2            .2            .2            .2 
COMODITY       .394          .38           .394          .408          .394          .394 
INDMATER       .377          .346          .346          .387          .367          .377 
INFRA          .363          .363          .272          .454          .363          .363 
RETAIL         .357          .357          .339          .321          .321          .285 
PIPELINE       .333          .333          .222          .222          .222          .222 
AUTO           .325          .325          .35           .35           .325          .325 
GOLD           .32           .49           .358          .433          .509          .49 
BIGBANKS       .285          0             0             0             0             0 
FOOD           .214          .142          .214          .285          .285          .214 
OILGAS         .183          .164          .17           .164          .151          .17 
COAL           .111          .111          .111          .111          .111          .222 
REGBANKS       .111          .055          .055          .055          .055          .055 
N=8

 

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

                         3/27/17       A Strong Close Tuesday Would Give Us
                                               Closing Power Buys very near the 65-dma
                                               for DIA and SPY.  But watch The Dollar now.
                                               If UUP completes its bearish head/shoulders
                                               pattern, Bank Stocks will weaken more and the market
                                               will then worry about a much tighter monetary policy
                                               coming from the FED.  (Our adage: "What the FED
                                               giveth, the Fed can take away.")

                                     
It appears that the Trump Administration will now target tax relief
                                               as his new highest priority piece of legislation.  Since this will mainly
                                               directly benefit the wealthiest Americans, there will be a lot of political commotion.
                                               But here the Republicans have the votes and the unity to pass it.  Wall
                                               Street will love this legislation.  The market has always, to my knowledge,
                                               gone up when taxes have been cut for corporations and the wealthy.  As this
                                               new focus gets more coverage, expect the DJI to turn around and rally
                                               whether or not it has not reached either its lower 3.5% price band or its rising
                                               65-dma.  See below how close the DJI has come to tagging the 65-dma
                                               and how the NYSE A/D Line today failed to confirm today's decline.  I don't think
                                               we can ignore these technical developments. 


                                              
                                               Without a new Peerless Buy, I usually would advise waiting for the key ETFs
                                               Closing Powers to break their downtrend and then for the 5-day ma to turn up. 
                                               But consider SPY.  The good news here is that SPY's recent bulge of high Accumulation
                                               goes a long way towards making us bullish.  By TigerSoft's Closing Power rules,
                                               I must recommend buying it when its Closing Power does hook up  See in its
                                               chart below how close SPY came to tagging its 65-dma.  Also see how bullish
                                               SPY became this past year when its Closing Power did break its downtrend.

                                               The bad news is that if the Dollar breaks down (See further below.), then the
                                               tax-cut rally for SPY may not be very powerful.  Even for TECL, QQQ and
                                               the NASDAQ, the rally may have problems.  Each of these now shows bearish
                                               looking head/shoulders patterns.  They may look small.  But after so much of
                                               an advance over 7+ years, they show risk.
            



                          
                           KEY VALUES FOR KEY ETFS

                                       ETF          
3/27     5-day ma     Closing Power   65-dma   IP21  ITRS
                                                                    Pivot-Point   Chart Rating   
Support/
                                                                     for
3/28                                 Resistance
                                       ----------------------------------------------------------------------------------
                                       DIA     205.23 -.52  
206.35      Bearish            203         -.026   ----------
                                      
SPY     233.62 -.24   233.73      Bearish            231          .014   -.001
                                      
QQQ   130.84+.21   129.81       ?                      127          .126  +.033
                                       IWM   134.74 +25  
133.97       ?                      137         -.011  -.037
                                      
TECL   65.27  +.0     64.59      Bearish              59.1       .109  +.181
                                       SOXL  
77.03   +.40  73.29       Bearish             67.3        .166  +.268
                                       FAS      42.75  -.70   
43.17      Bearish             44.44     -.056  -.016
                          
                                            
Each of these ETFs now show a falling 5-dma, but it will turn
                                                            up for QQQ and IWM if their close stomorrow remains the same
                                                            as today's.


                           
It is important that FAS now stabilize and not go much lower.   All the
                            DJI's recent advances have begun just as the closes and Closing Power
                            of FAS break their downtrends.  See the chart just below.  But if the
                            Dollar represented by the UUP ETF shown further below should
                            break the neckline in its head/shoulders pattern, I fear FAS will not
                            be able to hold above its support.  This event will probably push the FED
                            to tighten monetary policy to try to hold up the Dollar as Trump's fiscal
                            policies (tax cuts and bigger Federal deficits) work to drive it down.




                         
  How much of a rally we get from the DJI will also depend on how well the
                            13 highest priced DJI stocks fare in it.  The Index of them will
                            need to rally quite a bit to destroy the nascent head/shoulders
                            pattern our DJI-13 Index is creating.

                                             
DJI-13 is the heart of the DJI-30
                                              because of the way the Dow Jones Average
                                              weighs each component solely by price.



                      

                             3/27/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT 
3/27/2017:    Bullish MAXCPs   Bearish MINCPs   RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 3/27/17 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- ETFS .897 .897 .867 .882 .882 .911 UTILITY .888 .8 .777 .822 .8 .8 HOSPITAL .857 .714 .428 .428 .428 .571 BEVERAGE .85 .85 .85 .85 .9 .85 DJI-13 .769 .769 .846 .846 .769 .846 EDU .75 .625 .625 .625 .5 .75 GAMING .733 .666 .666 .6 .6 .733 NASD-100 .72 .731 .741 .752 .731 .795 NIFTY .714 .714 .742 .771 .685 .8 CHINA .709 .693 .709 .693 .693 .741 SEMI .698 .681 .672 .689 .646 .732 N=11
DOWJONES       .666          .7            .733          .7            .666          .8 
HOMEBLDG       .666          .722          .722          .722          .722          .722 
ELECTRON       .654          .634          .623          .608          .587          .664 
SOFTWARE       .625          .609          .625          .625          .609          .687 
INDEXES        .609          .613          .621          .592          .617          .676 
MORNSTAR       .592          .596          .613          .596          .588          .718 
BIOTECH        .569          .533          .494          .498          .494          .604 
COMPUTER       .56           .56           .6            .64           .52           .68 
HACKERS        .555          .5            .5            .5            .444          .555 
CHEM           .549          .535          .549          .535          .521          .647 
SP-100         .546          .536          .567          .567          .577          .68 
SP500          .543          .558          .581          .572          .566          .654 
MILITARY       .533          .555          .577          .555          .555          .666 
INSURANC       .529          .529          .558          .529          .558          .647 
RUS-1000       .518          .534          .553          .54           .533          .629 
GREEN          .516          .548          .548          .516          .483          .516 
BONDFUND       .504          .378          .333          .36           .315          .279 
GOLD           .5            .346          .442          .519          .519          .423 
SOLAR          .473          .473          .473          .473          .473          .578 
JETS           .444          .444          .444          .333          .333          .444 
COMODITY       .385          .4            .414          .4            .414          .457 
REIT           .385          .427          .458          .39           .406          .437 
INFRA          .363          .272          .454          .363          .363          .636 
RETAIL         .357          .339          .321          .321          .303          .41 
INDMATER       .346          .346          .387          .367          .377          .53 
PIPELINE       .333          .222          .222          .222          .222          .222 
AUTO           .325          .35           .35           .325          .325          .5 
FINANCE        .315          .304          .315          .26           .26           .521 
TRANSP         .2            .2            .2            .2            .2            .35 
OILGAS         .164          .17           .164          .151          .17           .177 
FOOD           .142          .214          .285          .285          .214          .285 
COAL           .111          .111          .111          .111          .222          .222 
REGBANKS       .055          .055          .055          .055          .055          .222 
BIGBANKS       0             0             0             0             0             .714 
N=9


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

                                    
3/24/17   I have previously shown the DJI almost always falls back to its
                                     lower band or its 65-day ma even after a Buy B4 signal when the DJI completes
                                     a head/shoulders pattern and the NYSE A/D Line breaks its uptrend.  It is the
                                     Dollar's weakness which is driving down the Big Banks. 


                                    
The DJI seems determined to test its rising 65-dma as investors
                                     worry that the Trump program is not guaranteed success in Congress
                                     just because Republicans are in a majority.  Without the replacement of
                                     "ObamaCare" by "TrumpCare" the Federal Government, it can be argued
                                     by fiscal conservatives, will lack the money to cut taxes, build Trump's Wall
                                     and begin a massive new Infrastructure spending program.  All of these things
                                     were built into the market's excellent rise since Election Day.

                                     Now it remains to be seen how Trump will not proceed. If he makes a big tax cut
                                     his next priority, he should be more successful.  It should be a much easier "sell" to
                                     all Republicans.  If cutting taxes does become the President's next priority,
                                     I would expect Wall Street's current swoon to come to an end fairly soon, possibly
                                     on Tuesday, but most likely as the DJI reaches the support of its rising 65-dma and
                                     its 3.5% lower band.

                                                       
KEY VALUES FOR KEY ETFS

                                       ETF          
3/23     5-day ma     Closing Power  IP21  ITRS
                                                                    Pivot-Point   Chart Rating
                                                                     for
3/27
                                       ----------------------------------------------------------------------------------
                                       DIA     205.75 -.56  
208.81      Bearish            -.021   ----------
                                      
SPY     233.86 -.17   236.77      Bearish             .02   -.002
                                      
QQQ   130.63+.27   131.81      Bearish             .139  +.03
                                       IWM   134.49 -.29  
137.86      Bearish            -.015  -.046
                                      
TECL   65.27  +.08    67.37      Bearish             .13  +.178
                                       SOXL  
76.63 +1.58   78.77       Bearish             .166  +.228
                                       FAS      43.45 -.06    
46.31       Bearish            -.063  -.012


                                    
For now, I continue suggesting that we wait a while longer before buying back
                                     any of the general market ETFs.   Hold some the the bearish MINCP stocks
                                     short.
 I would also sell short UUP, shown below.  Each of the major market ETFs
                                     shown above features a "Bearish" falling Closing Power and each cannot easily
                                     turn up their 5-day moving averages.
  


                                            shoulder                        head                                                     shoulder


                                       
 The Falling Dollar Lies behind the DJIA Decline.



                                    
Why are Bank Stocks getting hit so hard?  BREXIT?  A little...
                                     I think the main reason for the sell-off in the Big Banks over the
                                     last over the last 17 trading days (since March 1) is tied in with the
                                     falling Dollar.  Hot international money has started to flee the US.  Trump's
                                     brash and erratic behavior is not helpful here and if international trade and foreign
                                     US investments are significantly cut back on, that will hurt New York's
                                     position as the center of World Finance.  And when the FED
                                     starts to raise rates to defend the Dollar despite weak economic growth,
                                     that could do big damage to the stock market.





                                              Biggest ETF Decliners since March 1st
                                                        (over last 17 trading days)
                                              ----------------------------------------
                                                   DGAZ (Natl Gas)         - 29%
                                                   UCO (Oil)                    -  22%
                                                   KRU (Regional Banks) -  22%
                                                   FAS (Big Banks)          - 15%
                                                   RETL (Retailers)           - 13%

                                              Biggest Morningside Fund Gainers since March 1st
                                                        (over last 17 trading days)
                                                   Semi-Conductors           +11%
                                                   Prvt. Education               +10%
                                               

                                     I would expect the FED soon to raise interest rates more to defend the Dollar
                                     to help Banks out.  This could spell trouble.  Given the lack of real inflation except
                                     in health care and rents, there is a growing danger that higher rates plus increased FED
                                     selling of debt will stop and reverse the long bull market.  "What the Fed giveth,
                                     the Fed can take away".  Higher rates on credit cards will also make things much
                                     worse for retailers.  

                              3/24/17:    PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 

                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM

                                     Others    RENCHOC NIB, JJC WEAT 

                                 3/24/2017:    Bullish MAXCPs   Bearish MINCPs  

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
  
                           3/24/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .897          .867          .882          .882          .911          .897 
BEVERAGE       .85           .85           .85           .9            .85           .85 
UTILITY        .8            .777          .822          .8            .8            .822 
DJI-13         .769          .846          .846          .769          .846          .923 
NASD-100       .731          .741          .752          .731          .795          .806 
HOMEBLDG       .722          .722          .722          .722          .722          .777 
HOSPITAL       .714          .428          .428          .428          .571          .714 
NIFTY          .714          .742          .771          .685          .8            .742 
DOWJONES       .7            .733          .7            .666          .8            .8 
CHINA          .693          .709          .693          .693          .741          .725 
SEMI           .681          .672          .689          .646          .724          .724 
N=11

GAMING         .666          .666          .6            .6            .733          .666 
ELECTRON       .634          .623          .613          .587          .659          .68 
INDEXES        .613          .621          .592          .617          .672          .672 
SOFTWARE       .609          .625          .625          .609          .687          .718 
MORNSTAR       .596          .613          .596          .588          .718          .752 
EDU            .571          .571          .571          .428          .714          .714 
COMPUTER       .56           .6            .64           .52           .68           .68 
SP500          .558          .581          .572          .566          .654          .677 
MILITARY       .555          .577          .555          .555          .666          .666 
GREEN          .548          .548          .516          .483          .516          .58 
SP-100         .536          .567          .567          .577          .68           .701 
CHEM           .535          .549          .535          .521          .647          .676 
RUS-1000       .534          .553          .54           .533          .631          .66 
BIOTECH        .533          .494          .494          .494          .592          .612 
INSURANC       .529          .558          .529          .558          .647          .764 
HACKERS        .5            .5            .5            .444          .555          .555 
SOLAR          .473          .473          .473          .473          .578          .578 
JETS           .444          .444          .333          .333          .444          .333 
REIT           .427          .458          .39           .406          .447          .479 
COMODITY       .405          .42           .405          .42           .449          .434 
BONDFUND       .378          .333          .36           .315          .279          .18 
AUTO           .35           .35           .325          .325          .5            .525 
INDMATER       .346          .387          .367          .377          .53           .489 
GOLD           .339          .433          .528          .509          .433          .415 
RETAIL         .339          .321          .321          .303          .41           .464 

FINANCE        .304          .315          .26           .26           .51           .695 
INFRA          .272          .454          .363          .363          .636          .545 
PIPELINE       .222          .222          .222          .222          .222          .222 
FOOD           .2            .266          .266          .2            .2            .066 
TRANSP         .2            .2            .2            .2            .35           .25 
OILGAS         .17           .164          .151          .17           .177          .177 
COAL           .111          .111          .111          .222          .222          .222 
REGBANKS       .055          .055          .055          .055          .222          .361 
BIGBANKS       0             0             0             0             .714          .857 
N=9

 
==================================================================================
                          
3/23/17    The Buy B4 seems to have "failed" in that the NYSE
                     A/D Line has broken its uptrend and the DJI has formed and completed a
                     a 20-day head/shoulders pattern.  Most often that brings a DJI decline
                     back to its falling 65-dma, now at 20311.
 Today did see an impressive
                     902 more up than down on the NYSE.  In addition, the minor A/D Line
                     downtrend could be broken with another good breadth day.  Unfortunately,
                     that would likely still leave all the major market ETFs with falling 5-day
                     moving averages and falling closing Powers. 

                     Seasonality becomes bullish next week.  So, a break in the A/D Line's
                     minor downtrend could well bring another run to 21000.  But what would we
                     buy?  Right now all key general market ETFs show falling Closing Powers
                     and 5-day moving averages.  In fact, even a good 1% rise tomorrow might
                     still not turn up the 5-day ma.  The 21-day is also still falling for the DJI.
                     Waiting until next week to buy seems what is called for now. 

3/23/17:                      PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 

                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM

                                     Others    RENCHOC NIB, JJC WEAT 

                                 3/23/2017:    Bullish MAXCPs   Bearish MINCPs  

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/23/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .867          .882          .882          .911          .897          .897 
BEVERAGE       .85           .85           .9            .85           .85           .85 
DJI-13         .846          .846          .769          .846          .923          .923 
UTILITY        .777          .822          .8            .8            .822          .822 
NIFTY          .742          .771          .685          .8            .771          .742 
NASD-100       .741          .752          .731          .795          .817          .806 
DOWJONES       .733          .7            .666          .8            .8            .8 
HOMEBLDG       .722          .722          .722          .722          .777          .777 
CHINA          .709          .693          .693          .741          .725          .758 
SEMI           .672          .689          .646          .724          .732          .715 
N=10
GAMING         .666          .6            .6            .733          .7            .633 
EDU            .625          .625          .5            .75           .75           .625 
SOFTWARE       .625          .625          .609          .687          .718          .734 
ELECTRON       .623          .613          .592          .659          .68           .639 
INDEXES        .621          .592          .617          .672          .676          .684 
MORNSTAR       .613          .596          .588          .718          .747          .739 
COMPUTER       .6            .64           .52           .68           .68           .64 
SP500          .581          .572          .566          .654          .679          .683 
MILITARY       .577          .555          .555          .666          .666          .666 
SP-100         .567          .567          .577          .68           .701          .742 
INSURANC       .558          .529          .558          .647          .764          .676 
RUS-1000       .553          .54           .533          .631          .662          .654 
CHEM           .549          .535          .521          .647          .676          .605 
GREEN          .548          .516          .483          .516          .58           .516 
HACKERS        .5            .5            .444          .555          .611          .611 
--------------------------------------------------------------------------------------------
BIOTECH        .494          .494          .49           .592          .608          .624 
SOLAR          .473          .473          .473          .578          .578          .631 
REIT           .458          .39           .406          .447          .484          .406 
INFRA          .454          .363          .363          .636          .545          .454 
JETS           .444          .333          .333          .444          .333          .555 
GOLD           .433          .509          .528          .433          .415          .433 
HOSPITAL       .428          .428          .428          .571          .714          .714 
COMODITY       .408          .394          .408          .436          .422          .422 
INDMATER       .387          .367          .377          .53           .5            .5 
AUTO           .35           .325          .325          .5            .525          .575 
BONDFUND       .333          .36           .315          .279          .189          .171 
RETAIL         .321          .321          .303          .41           .464          .41 
FINANCE        .315          .26           .26           .51           .684          .728 
FOOD           .266          .266          .2            .2            .066          .066 
PIPELINE       .222          .222          .222          .222          .222          .222 
TRANSP         .2            .2            .2            .35           .3            .4 
OILGAS         .164          .151          .17           .177          .177          .17 
COAL           .111          .111          .222          .222          .222          .222 
REGBANKS       .055          .055          .055          .222          .361          .416 
BIGBANKS       0             0             0             .714          .857          1 
N=10


===================================================================================
                                   
3/22/2017    

                                    
I said last night that I thought that the DJI's completed head
                                     and shoulders coupled with the break in the NYSE A/D Line
                                     and the weakness in the Big Banks should bring a DJI decline
                                     back to the lower band and the rising 65-dma, despite the
                                     earlier Buy B4.  That is indeed the usual pattern after what
                                     I will call here, are "failed" Buy B4s.

  Note quickly formed H/S Pattern in lead-up to 9/11/2001.

                                                         
                                                            The Current Decline seems based on more than
                                                            the frequent Post Options' Expiration Bearishness.

                                                            The Wall Street Journal thinks it is Trump's
                                                            Credibility Gap
.
                                                      https://www.wsj.com/articles/a-presidents-credibility-1490138920

                                                              QQQ and TECL should have been sold today.
                                                          No other ETF Positions have been suggested recently.

                                                        
The growing weakness in Bank stocks was too much for
                                                         the market today.  Decliners were almost 4x advancers
                                                         and NYSE Down Volume was 6x Up-Stocks' Volume.
                                                         The DJI has completed a small 20-day head/shoulders
                                                         pattern.  This sets up an objective of 21100 where the
                                                         lower 3.5% band and the rising 65-dma should act as support.

                                                         The long positions in QQQ and TECL closed below Monday's
                                                         pivot points, thus causing their 5-day ma to turn down today.
                                                         The complete rout of the up-opening caused their Closing
                                                         Powers to drop below their now falling 21-dma.  So, traders
                                                         should have sold these positions.

                                                         I have been noting the unusual growing weakness in the Bank stocks
                                                         and FAS.  Yesterday, I said this seemed to have to do with the Declining
                                                         Dollar and Trump's Credibility Gap more than the prospects
                                                         of rising interest rates.  Suggesting this might be correct, Bonds
                                                         rose in their usual defensive way.  Bloomberg experts blame the
                                                         decline on the likely failure of TrumpCare to pass the Senate. 
                                                         Without a new health care bill, the entire Trump Budget with
                                                          its juicy tax cuts has become uncertain.
 

                                                                     Hourly DJI

                                                                           FAS

                                                                      
                                                                         QQQ



                                                                          TECL
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
             


                  3/21/17:     

                                                PEERLESS DJI, Signals, Indicators     DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM  
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT  NVDA JPM
                  Others    RENCHOC NIB, JJC WEAT 

                  3/21/2017:    Bullish MAXCPs   Bearish MINCPs   

       RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 
              3/21/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BEVERAGE       .9            .85           .85           .85           .9            .85 
ETFS           .882          .911          .897          .897          .897          .867 
UTILITY        .8            .8            .822          .822          .822          .777 
DJI-13         .769          .846          .923          .923          .923          .923 
NASD-100       .731          .795          .817          .806          .795          .774 
HOMEBLDG       .722          .722          .777          .777          .777          .722 
CHINA          .693          .741          .725          .758          .677          .709 
NIFTY          .685          .8            .771          .742          .742          .714 
N=8
DOWJONES       .666          .8            .8            .8            .8            .8 
SEMI           .646          .724          .732          .715          .681          .655 
INDEXES        .617          .672          .676          .684          .693          .634 
SOFTWARE       .609          .687          .718          .734          .687          .671 
GAMING         .6            .733          .7            .633          .6            .633 
ELECTRON       .592          .664          .685          .639          .597          .577 
MORNSTAR       .588          .718          .747          .739          .739          .642 
SP-100         .577          .68           .701          .742          .752          .69 
SP500          .564          .652          .677          .684          .698          .642 
INSURANC       .558          .647          .764          .676          .705          .647 
MILITARY       .555          .666          .666          .644          .666          .577 
RUS-1000       .533          .631          .662          .655          .662          .607 
CHEM           .521          .647          .676          .605          .647          .507 
COMPUTER       .52           .68           .68           .64           .64           .64 
GOLD           .509          .433          .433          .433          .49           .207 
EDU            .5            .75           .75           .625          .75           .625 
BIOTECH        .49           .588          .604          .62           .632          .584 
GREEN          .483          .516          .58           .516          .483          .451 
SOLAR          .473          .578          .578          .631          .578          .631 
HACKERS        .444          .555          .611          .611          .555          .5 
HOSPITAL       .428          .571          .714          .714          .714          .714 
COMODITY       .408          .436          .422          .422          .408          .225 
REIT           .406          .447          .484          .411          .395          .239 
INDMATER       .377          .53           .5            .5            .52           .397 
INFRA          .363          .636          .545          .454          .454          .363 
JETS           .333          .444          .333          .555          .555          .444 
AUTO           .325          .5            .525          .575          .55           .475 
BONDFUND       .315          .279          .189          .189          .198          .081 
RETAIL         .303          .41           .464          .41           .392          .392 
FINANCE        .26           .51           .684          .728          .576          .586 
COAL           .222          .222          .222          .222          .222          .222 
PIPELINE       .222          .222          .222          .222          .222          .222 
FOOD           .2            .2            .066          .066          .066          .066 
TRANSP         .2            .35           .3            .4            .55           .3 
OILGAS         .17           .177          .177          .177          .177          .126 
REGBANKS       .055          .222          .361          .416          .305          .361 
BIGBANKS       0             .714          .857          1             .857          .857 
               -- BIG DROP ------
N=12

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

===================================================================================
                                    
3/20/17  
                                     Seasonality and the operative Buy B4 should still take the DJI to new
                                     highs.  But I would prefer to stay long QQQ and TECL.   They have rising
                                     Closing Powers and 5-day moving averages.  In addition each's ITRS (relative
                                     strength versus the DJI) remains quite positive, as do their IP21s (Accumulation).

                                     AAPL (below) again looks like it is breaking out and starting another leg up. 
                                     AAPL's slow advance may start to accelerate with its breakout today.
                                     Such a move would give a big boost to QQQ and TECL while helping support
                                     DIA.



                                                  
Time Could Be Running Out for The Rally

                                    
Given the pounding the President is getting in the media, it surprises
                                     many that the DJI is holding up as well as it has. This is undoubtedly
                                     true in the short run, say for another three or four weeks.  But eventually,
                                     Trump's growing credibility gap in Washington will weaken his chances
                                     of getting all of his economic program of lower taxes and a big shift away
                                     from social programs to military spending passed by Congress, even
                                     with its Republican majority. Right now, Trump's economic program seems
                                     safe.  But this could become a real problem for the market and the economy.

                                    
For now the market's very low volatility lulls many into a confident mood.
                                     But all the Trumpian tumult is distracting us from some important changes
                                     in the bull market.  For one thing, the NYSE A/D Line is weakening.  The
                                     P-Indicator is now negative.  A quick 2% rally now on poor breadth could
                                     give us a Sell S9.
 This is a result of the prospects of rising interest rates.
                                     What "the Fed giveth, it can quickly take away."

                                            The DJI now sits on its 21-day ma.  Its P-I, V-I and OBVPct 
                                            are negative and its current AI (IP21) is only +.024.  It has
                                            neckline support at 20700.  A break below that will then
                                            likely require a test of its lower band and rising 65-dma
                                            at 20100.





                                    

                                                                    
A Bigger Problem.

                                    
There is another problem.  Bank stocks,  big and regional, are the natural
                                     leaders in a bull market.  More than any other group, their moves correlate with
                                     the DJI's moves.  (That is why Peerless signals work best with them since
                                     1986.)  But now they show long Closing Power trend-breaks and the FAS
                                     even sports a head/shoulders pattern. 


                                     Why?  Well the Dollar is weakening, for one thing.  But so is Oil.  So, we are
                                     seeing something new here.  It is not inflation that is weakening the Dollar.
                                     Is it foreigners getting a distaste for Trump?  Is it China?

                                    
Janet Yellen says she may retire early from her post as head of the FED. 
                                     A Donald Trump appointment to be Fed Chairman would likely mean a very
                                     new perspective there guiding the nation's monetary policies.  The days of
                                     "Hellicopter Ben" and her disciple Yellen would come to an end.  With a
                                     new Fed Chairman, there might be a wholesale dumping of hundreds of billions
                                     of FED held debt instruments on the market.  This would absorb lots of investment
                                     capital.  It would enormously tighten credit and mean a big jump in interest rates. 


                                     This IS almost too scary a scenario to contemplate.  Is that what the Big Banks
                                     like GS and JPM are starting to fear is a growing possibility?  One hopes that
                                     Wall Street would be able to use its clout to head that off.  Nothing like this
                                     imminent.  So, these stocks, FAS, GS and JPM for example, should
                                     have lots of buyers if they fall another 5% or even 10%.  But why are the
                                     Closing Powers of big banks pointing downward now?  Why are only
                                     22% of Regional Banks still above the support of their 65-day ma?

                                                                   FAS - 3x Big Banks' ETF



                                                              
Tiger Index of Regional Banks


 

                             3/20/17:     

                                                PEERLESS DJI, Signals, Indicators      DJI-IPA    DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM  
                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM
                  Others    RENCHOC NIB, JJCWEAT 



                  3/20/17:    Bullish MAXCPs   Bearish MINCPs 

     RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               3/20/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .911          .897          .897          .897          .882          .897 
BEVERAGE       .85           .85           .85           .9            .85           .8 
DJI-13         .846          .923          .923          .923          .923          .923 
DOWJONES       .8            .8            .8            .8            .8            .8 
NIFTY          .8            .771          .742          .742          .714          .714 
UTILITY        .8            .822          .822          .822          .777          .8 
NASD-100       .795          .817          .806          .795          .774          .763 
EDU            .75           .75           .625          .75           .625          .625 
CHINA          .741          .725          .758          .677          .709          .709 
GAMING         .733          .7            .633          .6            .633          .566 
SEMI           .724          .732          .715          .681          .655          .672 
HOMEBLDG       .722          .777          .777          .777          .722          .722 
MORNSTAR       .718          .747          .739          .739          .642          .68 
BIGBANKS       .714          .857          1             .857          .857          1 
SOFTWARE       .687          .718          .734          .687          .671          .703 
COMPUTER       .68           .68           .64           .64           .64           .6 
SP-100         .68           .701          .742          .752          .69           .742 
INDEXES        .672          .676          .684          .693          .638          .647 
N=18
MILITARY       .666          .666          .644          .666          .577          .6 
ELECTRON       .664          .685          .644          .597          .577          .597 
SP500          .652          .677          .684          .698          .642          .658 
CHEM           .647          .676          .605          .647          .507          .507 
INSURANC       .647          .764          .676          .705          .647          .647 
INFRA          .636          .545          .454          .454          .363          .363 
RUS-1000       .631          .662          .655          .662          .607          .63 
BIOTECH        .588          .604          .616          .632          .581          .628 
SOLAR          .578          .578          .631          .578          .631          .631 
HOSPITAL       .571          .714          .714          .714          .714          .857 
HACKERS        .555          .611          .611          .555          .5            .611 
INDMATER       .53           .5            .5            .52           .397          .387 
GREEN          .516          .58           .516          .483          .451          .451 
FINANCE        .51           .684          .728          .576          .597          .619 
AUTO           .5            .525          .575          .55           .475          .475 
REIT           .447          .484          .411          .395          .239          .255 
JETS           .444          .333          .555          .555          .444          .444 
COMODITY       .436          .422          .422          .408          .239          .281 
GOLD           .433          .415          .452          .49           .226          .339 
RETAIL         .41           .464          .41           .392          .392          .392 
TRANSP         .35           .3            .4            .55           .3            .5 
BONDFUND       .279          .189          .189          .198          .081          .099 
COAL           .222          .222          .222          .222          .222          .333 
PIPELINE       .222          .222          .222          .222          .222          .222 
REGBANKS       .222          .361          .416          .305          .361          .361 
FOOD           .2            .066          .066          .066          .066          .066 
OILGAS         .177          .177          .177          .177          .132          .164 
N=6


=====================================================================================
                     3/17/2017  
The
last major Peerless signal remains the Buy B4
                                        shown in the DJI chart.  QQQ and TECL are the strongest
                                        ETFs along with SOXL.  Stay long them. 

                                        (
See the past B4s-based on OBV surges:
                                       
http://tigersoft.com/Peerless-Research/NewBuy-B4s/INDEX.htm )   

                                         Seasonality suggests several more days of slight weakness
                                         for the DJI.  But after that, the historical odds since 1965
                                         favor a rally probably to the upper band.

                                             
Trading Days from Now     DJI Pct Gain    Probability of a Rally
                                                             ---------------------------------    ------------------    ----------------------------

                                              3                                    -.2%             46%
                                              5 (a week)                    +.1%             56%
                                             10 (two weeks)              +.2%             54%
                                            
21 (a month)                 +1.5%            74%



                                   
Stay long QQQ (NASDAQ-100) and TECL.  We want to trade
                                    the strongest uptrends now.  Of all the groups of stocks I follow
                                    the most powerful uptrends remain the Nasdaq-100 and Semi-Conductors.






                                   
Goldman Sachs (GS) should be watched to see if it's further
                                    weakness will bring on a brief DJI pullback.  It is by far
                                    the highest priced DJI-30 stock and so has the most influence
                                    on what the DJI does.



                                   
3/17/17:     
                                   
 PEERLESS DJI, Signals, Indicators      DJI-IPA    DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 

                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                                     Others MASI  REN CHOC, JJCWEAT  


                                     3/17/17:    Bullish MAXCPs   Bearish MINCPs

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               3/17/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         .923          .923          .923          .923          .923          .923 
ETFS           .897          .897          .897          .882          .897          .882 
BIGBANKS       .857          1             .857          .857          1             .857 
BEVERAGE       .85           .85           .9            .85           .8            .8 
UTILITY        .822          .822          .822          .777          .8            .777 
NASD-100       .817          .806          .795          .774          .763          .763 
DOWJONES       .8            .8            .8            .8            .8            .8 
HOMEBLDG       .777          .777          .777          .722          .722          .722 
NIFTY          .771          .742          .742          .714          .714          .742 
INSURANC       .764          .676          .705          .647          .647          .676 
EDU            .75           .625          .75           .625          .625          .625 
MORNSTAR       .747          .739          .739          .642          .68           .655 
SEMI           .732          .715          .681          .655          .663          .637 
CHINA          .725          .758          .677          .709          .709          .661 
SOFTWARE       .718          .734          .687          .671          .703          .703 
HOSPITAL       .714          .714          .714          .714          .857          .714 
SP-100         .701          .742          .752          .69           .731          .721 
GAMING         .7            .633          .6            .633          .566          .633 
ELECTRON       .685          .644          .603          .577          .592          .567 
FINANCE        .684          .728          .576          .597          .619          .608 
COMPUTER       .68           .64           .64           .64           .6            .64 
SP500          .679          .685          .7            .643          .658          .66 
CHEM           .676          .605          .647          .507          .521          .478 
INDEXES        .676          .684          .693          .638          .638          .638 
N=24
MILITARY       .666          .644          .666          .577          .6            .6 
RUS-1000       .66           .653          .66           .605          .628          .627 
HACKERS        .611          .611          .555          .5            .611          .611 
BIOTECH        .604          .616          .628          .581          .628          .608 
GREEN          .58           .516          .483          .451          .419          .419 
SOLAR          .578          .631          .578          .631          .578          .526 
INFRA          .545          .454          .454          .363          .363          .363 
AUTO           .525          .575          .55           .475          .5            .35 
INDMATER       .5            .5            .52           .397          .408          .346 
REIT           .484          .411          .395          .239          .255          .255 
RETAIL         .464          .41           .392          .392          .392          .392 
COMODITY       .422          .422          .408          .239          .295          .267 
GOLD           .415          .433          .509          .226          .339          .207 
REGBANKS       .361          .416          .305          .361          .361          .361 
JETS           .333          .555          .555          .444          .444          .444 
TRANSP         .3            .4            .55           .3            .5            .5 
COAL           .222          .222          .222          .222          .333          .333 
PIPELINE       .222          .222          .222          .222          .222          .222 
BONDFUND       .189          .189          .198          .081          .117          .108 
OILGAS         .177          .177          .177          .132          .183          .17 
FOOD           .066          .066          .066          .066          .066          .133 
N=7


==========================================================================
                    
3/16/17  Peerless remains on Buy B4.  I would prefer to hold QQQ and TECL
                     rather than DIA or SPY.
 
This is because the ITRS readings which compare
                     how much a stock or ETF has risen in the last 50 trading days compared to the
                     DJI remain very positive.  All four of these ETFs now have rising 5-day ma but only QQQ,
                     TECL and SOXL are classified as having rising Closing Powers and show
                     very positive relative strength versus DIA.  Note the falling Closing Power
                     for FAS (3x Banks).  Avoid these for now.

                                                       KEY VALUES FOR KEY ETFS

                                       ETF          
3/16     5-day ma     Closing Power  IP21  ITRS
                                                                     Pivot-Point   Chart Rating
                                                                     for
3/17
                                       ----------------------------------------------------------------------------------
                                       DIA     209.44 -.14   203.15         ?                     .285   ----------
                                      
SPY     238.48 -.47   237.69      Bullish               .318  +.003
                                      
QQQ   132.01 -.09   131.39      Bullish               .392  +.049
                                       IWM   137.91 +.18  135.96        ?                      .111  -.038
                                      
TECL   67.08  +.42    65.65      Bullish               .453  +.25
                                       SOXL  76.63  -.30      74.05      Bullish               .372  +.284

                                       FAS      48.23 +.35     47.58    
 Bearish              .276  +.094





                                           
Seasonality and Bullish Strength We Are Seeing
                                            Suggest There Will Be No Significant Top
                                            until after April 15th.


                    I remain impressed with the very high current Accumulation (IP21) values for
                    all these major market ETFs, except IWM.  When we look at the Peerless
                    DJIA chart, we also see a relatively high IP21.  This is important because
                    most of the DJI's big advances at the beginning of the year, here defined
                    as those that do not show a drop at any time in the first quarter to the lower
                    3.5% band, go much higher.  They usually do not reach their first peak
                    before a decline then starts to the lower band until after April 15th.  And most
                    do not reach a peak with their Accumulation Index (IP21) still above +.10.
                    The DJI's IP21 is now  .093. 
From this I conclude that the strength we have
                    seen so far this year will most likely NOT bring a top for another month, at least.


                                       
 BIG BULL MARKETS in THE FIRST QUARTER
                                         WHERE THERE IS NO DJI DECLINE TO THE
                                         LOWER BAND: 1945-2017


                                                Year     First Peak Leading      IP21 at
                                                             to Decline To 3.5%     First Peak
                                                             Lower Band
                                               ---------------------------------------------------------
                                              1950       June 12                             
 +.176
                                              1954       August 2                           
 +.207
                                              1961       May 22                              +.005
                                              1964       no top
                                              1965       May 14                               +.097

                                              1971       April 28                               +.095
                                              1972       April 18                               +.054
                                              1976       April 22                               -.027
                                              1986       March 27                            +.064
                                              1987       April 6                               
 +.187

                                              1993       no top
                                              1995       no top
                                              1998       April 21                               +.045
                                              2006       May 9                                 +.079
                                              2012       April 2                                 +.076

                                              2013       May 22                              
+.136

                            
This study shows 16 previous strong first quarter DJI advances like
                             we are now seeing.  Only one brought a March top this late in the quarter.
                             2 tops occurred in the first half of April.  4 took place between April  18th
                             and April 28th.  4 were seen in May.  The 5 others did not see a significant
                             top until June or much later.

                    
3/16/17:     
                                   
 PEERLESS DJI, Signals, Indicators      DJI-IPA    DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 

                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                                     Others MASI  REN CHOC, JJCWEAT  


                  3/16/17:    Bullish MAXCPs   Bearish MINCPs
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/16/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             .857          .857          1             .857          .857 
DJI-13         .923          .923          .923          .923          .923          .923 
ETFS           .897          .897          .882          .897          .897          .852 
BEVERAGE       .85           .9            .85           .8            .8            .85 
UTILITY        .822          .822          .777          .8            .777          .733 
NASD-100       .806          .795          .774          .763          .763          .731 
DOWJONES       .8            .8            .8            .8            .8            .8 
HOMEBLDG       .777          .777          .722          .722          .722          .666 
CHINA          .758          .677          .709          .709          .661          .645 
NIFTY          .742          .742          .714          .714          .742          .742 
SP-100         .742          .752          .69           .731          .721          .721 
MORNSTAR       .739          .739          .642          .68           .655          .63 
SOFTWARE       .734          .687          .671          .703          .703          .671 
FINANCE        .728          .576          .597          .619          .608          .619 
SEMI           .715          .681          .655          .663          .637          .646 
HOSPITAL       .714          .714          .714          .857          .714          .714 
SP500          .685          .7            .643          .658          .66           .65 
INDEXES        .684          .693          .638          .638          .642          .659 
INSURANC       .676          .705          .647          .647          .676          .617 
N= 19
RUS-1000       .655          .662          .607          .63           .629          .61 
ELECTRON       .644          .603          .582          .592          .567          .577 
MILITARY       .644          .666          .577          .6            .6            .577 
COMPUTER       .64           .64           .64           .6            .64           .68 
GAMING         .633          .6            .633          .566          .633          .533 
SOLAR          .631          .578          .631          .578          .526          .526 
EDU            .625          .75           .625          .625          .625          .625 
BIOTECH        .616          .628          .577          .628          .608          .608 
HACKERS        .611          .555          .5            .611          .611          .611 
CHEM           .605          .647          .507          .521          .478          .45 
AUTO           .575          .55           .475          .5            .375          .325 
JETS           .555          .555          .444          .444          .444          .444 
GREEN          .516          .483          .451          .419          .419          .419 
INDMATER       .5            .52           .397          .408          .346          .326 
INFRA          .454          .454          .363          .363          .363          .272 
GOLD           .433          .49           .245          .339          .207          .207 
COMODITY       .422          .408          .239          .295          .267          .253 
REGBANKS       .416          .305          .361          .361          .361          .388 
REIT           .411          .395          .239          .255          .255          .291 
RETAIL         .41           .392          .392          .392          .392          .357 
TRANSP         .4            .55           .3            .5            .5            .35 
COAL           .222          .222          .222          .333          .333          .222 
PIPELINE       .222          .222          .222          .222          .222          .333 
BONDFUND       .189          .198          .081          .117          .108          .09 
OILGAS         .177          .177          .132          .183          .17           .17 
FOOD           .066          .066          .066          .066          .133          .2 
N=5 


========================================================================================
                     
3/15/17  Peerless remains on Buy B4.  Buy more QQQ and TECL.

                   
                      The key indicators and the DJI chart now looks a lot more like 1925
                      than 1929!  The upper band at 21500 seems like the next DJI's target.



                      Cover most shorts.  Speculative "animal spirits" should now start coming
                      out in full force.  (See https://en.wikipedia.org/wiki/Animal_spirits   )
De-regulating
                      Wall Street, in my opinion, virtually guarantees we will see a wild speculative orgy
                      before too long.  Look at all the Bullish blue Accumulation on strength in TECL,
                      the 3x leveraged ETF for high techs.  This looks like it will go substantially higher.
                      TECL is a substitute for buying AAPL or AMAT, which would be reasonable
                      choices here, too. 



                           
In most respects it was a very fine day for the stock market technically.
                       Instead of breaking down below its neckline support and 21-day ma support,
                      the DJI advanced +113 and there were a whopping 6x more NYSE advancers
                      than decliners.  The potential head and shoulders patterns of the SP-500 and
                      NASDAQ were destroyed by rallies above these indexes' price patterns' right
                      shoulder-apex.  With Peerless on a Buy, with the market running near or at all
                      time highs and our Accumulation Indexes so high, I think we have to expect
                      another DJI run to the upper band soon.  Assuming that breadth continues strong,
                      expect the P-Indicator to turn positive, in which case, we will not get a Sell S9
                      near the 3.5% band near 21500.

                          
With the long awaited boost to interest rates now out of the way, traders bought
                      back bonds, utilities and Gold stocks. Only Big Banks and some finance stocks
                      hesitated.  Under-performance by the Financials is a positive factor for now.  Too
                      exclusive investor buying in financials would likely limit the upside potential.
                      A broader bull market will last longer.  Relative weakness in Big Banks will only
                      become a problem if stocks like JPM show more red Distribution, Closing Power S7-s
                      and head/shoulders patterns.  If that happens, they might well be leading the DJI in
                      calling a top.  See my study of JPM further below.

                          Our favorite longs,  QQQ and TECL roared ahead, presumably attracting
                      high-performance funds.  These still look like they will go much higher.  Buy more.
                      SOXL is even stronger.  It is not Professionals that are pushing it
                      higher.  Rather, I think it is those who understand that Trump's huge boost
                      to US military spending will focus on upgrading high tech capabilities
                      and these are heavily dependent on new and faster microcircuits.  Not for
                      nothing, I have called your attention to the continuing strength in TXN and
                      AMAT.  If the market were about to begin a bear market, we would expect
                      these highly leveraged stocks to show head/shoulders patterns and red
                      Distribution.  Just the opposite is true now.

                         
 Leading biotechs, like CLVS + 4.98 and BLUE +5.85, made multi-point leaps
                      upward today.  Speculative vigor is growing and the Fed will apparently be unable
                      to stop it for now.


                      Cover most short sales in the weaker oil/gas stocks, biotechs and retailers.
                      There is ,more upside potential than downside potential.

                       
3/15/17:     
                                   
 PEERLESS DJI, Signals, Indicators      DJI-IPA    DJI-13    Hourly DJIA  
                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                                     DIA   SPY   QQQ    MDY    IWM 

                                     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  AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                                     Others MASI  REN CHOC, JJCWEAT  


                  3/15/17:    Bullish MAXCPs   Bearish MINCPs

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/15/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         .923          .923          .923          .923          .923          .923 
BEVERAGE       .9            .85           .8            .8            .85           .85 
ETFS           .897          .882          .897          .897          .852          .852 
BIGBANKS       .857          .857          1             .857          .857          .857 
UTILITY        .822          .777          .8            .777          .733          .755 
DOWJONES       .8            .8            .8            .8            .8            .8 
NASD-100       .795          .774          .763          .763          .731          .731 
HOMEBLDG       .777          .722          .722          .722          .666          .777 
SP-100         .752          .69           .731          .721          .721          .742 
EDU            .75           .625          .625          .625          .625          .625 
NIFTY          .742          .714          .714          .742          .742          .742 
MORNSTAR       .739          .642          .68           .655          .638          .668 
HOSPITAL       .714          .714          .857          .714          .714          .714 
INSURANC       .705          .647          .647          .676          .617          .588 
SP500          .7            .643          .658          .66           .652          .672 
INDEXES        .693          .638          .638          .642          .659          .672 
SOFTWARE       .687          .671          .703          .703          .671          .671 
SEMI           .681          .655          .663          .637          .646          .681 
CHINA          .677          .709          .709          .661          .645          .709 
N=19
MILITARY       .666          .577          .6            .6            .6            .577 
RUS-1000       .662          .607          .63           .629          .612          .641 
CHEM           .647          .507          .521          .478          .464          .478 
COMPUTER       .64           .64           .6            .64           .68           .64 
BIOTECH        .628          .577          .624          .608          .604          .608 
ELECTRON       .603          .582          .597          .567          .577          .592 
GAMING         .6            .633          .566          .633          .533          .6 
SOLAR          .578          .631          .578          .526          .526          .578 
FINANCE        .569          .591          .612          .602          .634          .612 
HACKERS        .555          .5            .611          .611          .611          .611 
JETS           .555          .444          .444          .444          .444          .444 
AUTO           .55           .475          .5            .375          .325          .425 
TRANSP         .55           .3            .5            .5            .35           .4 
INDMATER       .52           .397          .408          .346          .336          .377 
GOLD           .49           .226          .358          .207          .207          .245 
GREEN          .483          .451          .419          .419          .419          .419 
INFRA          .454          .363          .363          .363          .272          .363 
COMODITY       .408          .239          .295          .267          .253          .394 
REIT           .395          .239          .255          .255          .286          .354 
RETAIL         .392          .392          .392          .392          .357          .392 
REGBANKS       .305          .361          .361          .361          .388          .388 
COAL           .222          .222          .333          .333          .222          .222 
PIPELINE       .222          .222          .222          .222          .333          .666 
BONDFUND       .198          .081          .117          .108          .099          .315 
OILGAS         .177          .132          .183          .17           .177          .196 
FOOD           .071          .071          .071          .142          .214          .357 
N=6



                  
 Stocks To Watch That Lead DJI:   JPM
                         
 (Previously, I suggested TXN).

                     
DOES A JPM TOP PREDICT DJIA(DIA) TOP? 
                                                    2007-2011
                                           See charts for this study.
                                       yes - 5 cases
                                       no - 1 case  (2014)
                                2007 JPM's top came a month before DIA's
                                2008 JPM's top came two weeks before DIA's.
                                2009 JMP matched DJI'a rise, but was much stronger at its beginning.
                                2010 JPM matched DIA's quick March-April top. Lagged at year end.
                                2011 JPM's May top came a month before DIA's.
                                2012 JPM's March top came two weeks before DIA's.
                                2013 JPM's prices matched DIA's.
                                2014 JPM's March top did NOT bring a DIA decline.
                                2015 JPM's Aug. top was easier to spot in JPM than DIA because of clear CP bearish divergence.
                                2016 JPM's mid-year strength led DJI upwards.

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

              
3/14/17  Peerless remains on Buy B4 but we do see potential head/shoulders patterns
                             developing in DJI, SP-500 and NASDAQ.  Should that worry us?

                             I just did a study of all  the judged  head/shoulders patterns since 1965.  See all
                             the DJI charts with these H/S patterns, completed and failed.  There are more than
                             40 of them.  Most of the patterns brought declines down to the DJI's lower band, at least.
                             A few did fail.  The ones that failed to unfold bearishly were usually ones with
                             IP21s (current Accum. Index) above +.07.   The DJI's current IP21 now is +.128.
                             The H/S pattern it is now tracing out will probably fail, too.

                             Note that there were three cases where the IP21 was above +.10.  In two cases
                             the H/S failed (11/1/1982 and 3/10/2016) and in one instance the DJI fell sharply
                             and began a bear market (8/3/1990).  In this last case, Peerless was already on a
                             major Sell.  In the first two cases, it was not.

                             The judged H/S patterns that proved correctly bearish nearly all showed IP21
                             levels well below +.07, had fallen below their price's 65-dma when the pattern's neckline
                             was broken below and also were already on a Peerless Sell.  None of those three conditions
                             is true presently with the DJIA.
  This strongly suggests that the DJI will not decline
                             as far down as the lower band, if its decline does break its support at 20700.

                            

                           Judged Potential Head and Shoulders Patterns in DJI , SP-500 and NASDAQ?
                             Note that each now shows a very high IP21-Accumulation and is well above
                             the expected support at the 65-dma.
   



 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              


                   3/14/17:      PEERLESS DJI, Signals, Indicators      DJI-IPA    DJI-13    Hourly DJIA  

                                     S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power

                                     DIA   SPY   QQQ    MDY    IWM  

                                     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   AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                                     Others MASI  RENJJCWEAT  


                  3/14/17:    Bullish MAXCPs   Bearish MINCPs
==========================================================================