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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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 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.


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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 of TigerSoft/Peerless CHARTS, Signals and Indicators   

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

              
 ===> Please report any broken or out-of-date links. william_schmidt@hotmail.com
===================================================================================
                                    
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. 


                     KEY ETFS    3/23            3/24 Pivot-           Closing      ITRS     IP21      
                                                              Point-5-dma         Power
                     -----------------------------------------------------------------------------------------
                     DIA            206.31 -.10     208.86               
 Falling       ---           -.002
                     SPY             234.03 -.25    237.03               
 Falling       -.006       +.043
                     QQQ           130.36 -.33    131.69                
Falling       +.142      +.023
                     MDY           308.08 +.72   314.22               
Falling       -.03          +.01.
                     IWM           134.78 +.78   136.46               
Falling       -.049         -.007 

                     FAS             43.51   +.38   47.32                  
Falling      -.01           -.026
                     QQQ          130.36  -.33   131.69                
 Falling      +.022        +.142
                     SOXL          75.03  -.58     77.85                 
 Falling     +.206        +.166
                     TECL          65.19  -.58     67.2                    
Falling      -.01           -.026
                     BRZU         38.49 -1.30     40.82                 
Falling      +.018        -.182
                     OIL               5.14 -.08        5.37                  
Falling      -.175        -.06

                     GLD          118.67 -.16     116.99                
Rising       +.009       -.002
                          


                    
            

                       
Let watch to see if the NASDAQ, QQQ and IWM (Russell-2000)
                              can stay above their recent support-lows tomorrow and Monday.
                              That should allow prices to recovery what they lost on Tuesday
                              this week.  More than that will require very good breadth.
                              The Hourly DJI's DISI-OBV Line will have to show a strong
                              recovery, too.

 







                              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.


                                    
Tonight I went through all the DJI charts since 1928.  I saw
                                     and counted about 45 Buy B4s, each separated by 50 days.
                                     22 of the 45 brought "USA" advances, meaning "up straight away'.
                                     In 8 instances, the DJI went sidewise for 2 to 8 weeks and
                                     then made a very tradable advance. But it must be said that
                                     15 "failed", in the sense that the DJI soon declined significantly,
                                     mostly to the rising 65-dma or 3.5% lower band.

                                                   45 Buy B4s
                                                        22     brought "USA" (up very significantly straight away)
                                                          8     saw the DJI go sidewise for up to 8 weeks before rising signifantly.
                                                        15     "failures" (DJI fell to rising 65-dma or lower.
                                                                 3 were soon followed by declines significantly below lower band.


                                    
In the 15 "failures", the DJI usually formed a recognizable top pattern.
                                     Most often it completed a head/shoulders.  Almost always, the NYSE's
                                     A/D Line uptrend was broken.  That is what has just happened in our case.
                                     When you look at these "failures", you will see why I predict a DJI decline
                                     next to the rising 65-dma or the lower 3.5% band.


                                          7/17/1939  - 10% decline from its highs.  War in Europe.
                                          7/9/1942    - 4% decline from highs to rising 65-dma
                                          9/15/1950  - 5% decline from highs to rising 65-dma
                                          11/9/1956  - H/S - 5.5% from highs to lower band and 65-dma
                                          4/6/1963   - H/S - 5.0% from highs to lower band and 65-dma

                                          8/1/1967   - 3.5% decline from highs to lower band and 65-dma
                                          11/14/73  - 3.2%  decline.
                                          3/6/1974  - H/S & A/D Break - 11% decline (in bear market)
                                          8/6/1984  - H/S - 5.0% from highs to lower band and 65-dma
                                          1/29/1985 - A/D Break - 3.5% from highs to lower band and 65-dma

                                          10/28/1986 - 4.5% from highs to lower band and 65-dma
                                          2/1/1989 - H/S & A/D Break - 4.0% from highs to lower band and 65-dma
                                          2/5/1993 - A/D Break - 4.5% from highs to 65-dma
                                          11/20/1996 - A/D Break - 4.5% from highs to 65-dma
                                          3/5/2014 - 6% from highs to 65-dma

                                    
Let's be patient before re-taking long positions in the key ETFs.
                                     See how their Closing Powers and 5-day moving averages are falling.

                                     Do some hedging with our Bearish MINCPs of the weakest stocks.

                                   
 3/22/17:     

                                    
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 

                                 3/22/2017:    Bullish MAXCPs   Bearish MINCPs  
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
3/22/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .882          .882          .911          .897          .897          .897 
BEVERAGE       .85           .9            .85           .85           .85           .9 
DJI-13         .846          .769          .846          .923          .923          .923 
UTILITY        .822          .8            .8            .822          .822          .822 
NIFTY          .771          .685          .8            .771          .742          .742 
NASD-100       .752          .731          .795          .817          .806          .795 
HOMEBLDG       .722          .722          .722          .777          .777          .777 
DOWJONES       .7            .666          .8            .8            .8            .8 
CHINA          .693          .693          .741          .725          .758          .677 
SEMI           .689          .646          .724          .732          .715          .681 
N=10

COMPUTER       .64           .52           .68           .68           .64           .64 
EDU            .625          .5            .75           .75           .625          .75 
SOFTWARE       .625          .609          .687          .718          .734          .687 
ELECTRON       .613          .592          .664          .68           .639          .597 
GAMING         .6            .6            .733          .7            .633          .6 
MORNSTAR       .596          .588          .718          .747          .739          .739 
INDEXES        .592          .617          .672          .676          .684          .693 
SP500          .572          .566          .654          .679          .685          .702 
SP-100         .567          .577          .68           .701          .742          .752 
MILITARY       .555          .555          .666          .666          .644          .666 
RUS-1000       .54           .533          .631          .662          .655          .663 
CHEM           .535          .521          .647          .676          .605          .619 
INSURANC       .529          .558          .647          .764          .676          .705 
GREEN          .516          .483          .516          .58           .516          .483 
GOLD           .509          .509          .452          .415          .433          .471 
HACKERS        .5            .444          .555          .611          .611          .555 
N=16
------------------------------------------------------------------------------------------------

BIOTECH        .494          .49           .588          .608          .62           .632 
SOLAR          .473          .473          .578          .578          .631          .578 
HOSPITAL       .428          .428          .571          .714          .714          .714 
COMODITY       .394          .408          .436          .422          .422          .408 
REIT           .39           .406          .447          .484          .411          .395 
INDMATER       .367          .377          .53           .5            .5            .5 
INFRA          .363          .363          .636          .545          .454          .454 
BONDFUND       .36           .315          .279          .189          .189          .198
N=8 

JETS           .333          .333          .444          .333          .555          .555 
AUTO           .325          .325          .5            .525          .575          .55 
RETAIL         .321          .303          .41           .464          .41           .392 
FOOD           .266          .2            .2            .066          .066          .066 
FINANCE        .26           .26           .51           .684          .728          .576 
PIPELINE       .222          .222          .222          .222          .222          .222 
TRANSP         .2            .2            .35           .3            .4            .6 
OILGAS         .151          .17           .177          .177          .177          .17 
COAL           .111          .222          .222          .222          .222          .222 
REGBANKS       .055          .055          .222          .361          .416          .305 
BIGBANKS       0             0             .714          .857          1             .857 
N=11



===================================================================================
                                  
3/21/2017    A Peerless Buy B4 signal should not be so quickly
                                                         reversed by a completed head and shoulders pattern.
                                                         I believe that when this has happened in the past there
                                                         has always been a decline to the lower band.  With the
                                                         market up so much,
I would trust the judged Sell S10
                                                         that the completed head/shoulders pattern represents. A
                                                         decline to the lower 3.5% band seems most likely.

                                                        
The TigerSoft Sell S5 shown below coupled with the
                                                         completed H/S Pattern should  be treated as a judged Sell S10. 
                                                         Shorting some the many
Bearish MINCPs seems reasonable.
 


                                                        
On the DJI's 2016-2017 chart (further below), you can see today
                                                         brought an automatic Sell S5. Our programs are not able to recognize
                                                         Peerless Sell S10s in all cases.  But when see a the DJI form
                                                         and complete a head/shoulders which produces an automatic Tiger
                                                         Sell S5 on it, I think we should trust it and treat it as a judged S10. 
                                                         These Tiger Sell S5 H/S patterns are often dangerously self-fulfilling,
                                                         as in April 2010 (just below) AND all too often they show that the
                                                         market must adjust suddenly to some dangerously bearish news, like
                                                         before 9/11.

                                                               April 2010 DJI - Note Tiger Sell S5 and completed H/S


                                                         
                                                        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  RENCHOC, 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  RENCHOC, 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  RENCHOC, 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

              RANKING OF KEY DIRECTORIES BASED PCT. OF STOCKS
                          ABOVE 65-DAY MA
3/14/17 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- DJI-13 .923 .923 .923 .923 .923 .923 ETFS .882 .897 .897 .852 .867 .882 BIGBANKS .857 1 .857 .857 .857 .857 BEVERAGE .85 .8 .8 .85 .85 .8 DOWJONES .8 .8 .8 .8 .8 .833 UTILITY .777 .8 .777 .733 .777 .844 NASD-100 .774 .763 .763 .731 .731 .752 HOMEBLDG .722 .722 .722 .666 .777 .722 HOSPITAL .714 .857 .714 .714 .714 .857 NIFTY .714 .714 .742 .742 .742 .771 CHINA .709 .709 .661 .645 .709 .693 SP-100 .69 .731 .721 .721 .742 .762 SOFTWARE .671 .703 .703 .671 .671 .656 N=13
SEMI           .655          .663          .637          .646          .681          .698 
INSURANC       .647          .647          .676          .617          .588          .647 
MORNSTAR       .642          .68           .655          .638          .672          .705 
SP500          .642          .656          .658          .65           .673          .694 
COMPUTER       .64           .6            .64           .68           .68           .76 
INDEXES        .634          .638          .642          .659          .676          .672 
GAMING         .633          .566          .633          .533          .6            .533 
SOLAR          .631          .578          .526          .526          .578          .578 
EDU            .625          .625          .625          .625          .625          .625 
RUS-1000       .607          .63           .629          .612          .644          .66 
FINANCE        .591          .612          .602          .634          .634          .655 
ELECTRON       .582          .597          .572          .577          .597          .603 
BIOTECH        .577          .624          .604          .604          .608          .565 
MILITARY       .577          .6            .6            .6            .577          .577 
CHEM           .507          .521          .478          .464          .478          .563 
HACKERS        .5            .611          .611          .611          .611          .555 
AUTO           .475          .5            .375          .325          .425          .375 
GREEN          .451          .419          .419          .419          .419          .387 
JETS           .444          .444          .444          .444          .444          .444 
INDMATER       .397          .408          .346          .336          .377          .428 
RETAIL         .392          .392          .392          .357          .392          .357 
INFRA          .363          .363          .363          .272          .363          .454 
REGBANKS       .361          .361          .361          .388          .388          .472 
TRANSP         .3            .5            .5            .35           .4            .45 
COMODITY       .242          .3            .271          .257          .4            .428 
REIT           .239          .255          .255          .286          .354          .526 
GOLD           .23           .346          .211          .211          .25           .23 
COAL           .222          .333          .333          .222          .222          .222 
PIPELINE       .222          .222          .222          .333          .666          .888 
OILGAS         .132          .183          .17           .177          .202          .265 
BONDFUND       .081          .117          .108          .099          .315          .405 
FOOD           .066          .066          .133          .2            .333          .4 
N=9


===================================================================================
                    
3/13/2017    
Stick with the Peerless Buy B4.  The continuing weakness
                                          in Crude Oil may hold the DJI back a little longer.  XOM
                                          and CVX are the big oil industry representatives in DJIA.

                                         
The likelihood of a rise in Interest Rates next week is also
                                          adding to the profit-taking in the DJIA.  I would think the
                                          the DJI will find good support at its rising 21-day (147) Hour Moving"
                                          Average.  Continue to hold off buying back DIA, at least until
                                          the Hourly DJI's OBV-DISI downtrendline is violated and
                                          the DJI's 5-day ma turns back up.

                                         
Stay long QQQ and TECL.  If we were near a top I don't think
                                          we would be seeing a very good breadth day like today when
                                          the DJI retreats a little.  Today there were 591 more UP than
                                          DOWN on the NYSE.  Semi-conductors (SOXL) like AMAT and
                                          TXN could not wait for the DJI to regain its footing.  They
                                          roared to new highs new highs today.  So did TECL and QQQ.

                                          Let's see tomorrow if the NASDAQ can keep advancing
                                          and thus destroy what could become a quick head/shoulders
                                          pattern.  Its high IP21 (current Accumulation) should keep it
                                          out of trouble. 



                                         
While techs muscle their way higher, it is apparent that
                                          a number of Bonds and Oil Stocks coupled with a good number
                                          Biotechs and Retail stocks are breaking down under the pressure
                                          heavy Professional and Insider Selling.  Their continuing
                                          weakness shows a fragmented market and demonstrates
                                          a growing internal weakness and Professional cautiousness. 

                                          For us, this gives us stocks to hedge longs with.  And it's also not a bad thing
                                          for our Bullish MAXCPs, as more and more aggressive funds are
                                          naturally funneled into the remaining "power-houses". 

                                                         Speculation Run Wild?




                                                         Another Biotech Bloom

                                         
The take-off in the MAXCP chart owes mostly to big
                                          jumps by the following biotechs in the last two weeks.
                                          Is this a sign of too much speculation?  Abiding by the
                                          Closing Power uptrends and 5-day ma trends should
                                          help aggressive traders here.
                                                     
                                        AUPH 10.54 +183%      Aurinia Pharm.
         
Aurinia Pharmaceuticals Inc., a clinical stage pharmaceutical company, engages in the
          development of a therapeutic drug to treat autoimmune diseases in Canada. The company�s
          lead drug candidate is Voclosporin, a calcineurin inhibitor, which is in Phase IIb clinical trial
          for the treatment of lupus nephritis.  New public offering.  Prices likely rigged for that.                  
                                                     KITE  85.92 + 63%      Kite Pharm.
          http://finance.yahoo.com/quote/KITE/profile?p=KITE
         
Its lead product candidate is KTE-C19, a chimeric antigen receptor (CAR)-based therapy that
          is in Phase 2 clinical trials for patients with relapsed or refractory aggressive diffuse large B cell
          lymphoma, primary mediastinal B cell lymphoma, and transformed follicular lymphoma. Also        
          conducting Phase 2 clinical trial of KTE-C19 on patients with relapsed/refractory mantle cell
          lymphoma;
                                                     NLNK 21.95 +54%                          New Link Genetrics
          
Its portfolio includes biologic product candidates based on its HyperAcute cellular immunotherapy
           technology, which is designed to stimulate the human immune system to attack cancer cells; and
           small-molecule product candidates that are focused on breaking the immune system's tolerance
           to cancer by inhibiting the indoleamine-2, 3-dioxygenase pathway and the tryptophan-2, 3-
           dioxygenase pathway, viz, IDO pathway inhibitors comprising indoximod that is in multiple Phase
           I and Phase II clinical trials for patients with melanoma, pancreatic cancer, malignant brain tumors,
           metastatic breast cancer, acute myeloid leukemia, prostate cancer, and non-small cell lung cancer
           (NSCLC); and GDC-0919 and atezolizumab (MPDL3280A) that is in Phase Ib clinical trials
           for patients with locally advanced or metastatic solid tumors.
                                                     TTPH   7.77 +45%                           Tetraphase
          
Antibiotics for the treatment of serious and life-threatening multidrug-resistant infections. Its lead
           product candidate includes eravacycline, an intravenous and oral antibiotic for use as a first-line
           empiric monotherapy for the treatment of multidrug-resistant infections,

                                                     EPZM  16.65 +37%                          Epizyme
                                                     AQMS 21.89 +30%
                                                     IMMU  6.37  +30%                          Immunomedics
                                                     ASMB  26.57 +26%                          Asembly Biosciences





                    


                                     TO REGULARLY UPDATED CHARTS --------------------------------        


              
3/13/17:      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  

                 3-13-2017  Bullish MAXCPs   Bearish MINCPs

              RANKING OF KEY DIRECTORIES BASED PCT. OF STOCKS
                                               ABOVE 65-DAY MA

   
              3/13/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       100%          .857          .857          .857          .857          .857 
DJI-13         .923          .923          .923          .923          .923          .923 
ETFS           .897          .897          .852          .867          .882          .882 
HOSPITAL       .857          .714          .714          .714          .857          1 
BEVERAGE       .8            .8            .85           .85           .8            .85 
DOWJONES       .8            .8            .8            .8            .833          .833 
UTILITY        .8            .777          .733          .777          .844          .844 
NASD-100       .763          .763          .731          .731          .752          .774 
SP-100         .731          .721          .721          .742          .762          .762 
HOMEBLDG       .722          .722          .666          .777          .722          .722 
NIFTY          .714          .742          .742          .742          .771          .8 
CHINA          .709          .661          .645          .709          .693          .693 
SOFTWARE       .703          .703          .671          .671          .671          .718 
MORNSTAR       .68           .655          .638          .672          .71           .747 
N=14
SEMI           .663          .637          .646          .681          .689          .698 
SP500          .658          .66           .652          .675          .695          .716 
INSURANC       .647          .676          .617          .588          .647          .676 
INDEXES        .638          .642          .659          .676          .672          .693 
RUS-1000       .629          .628          .611          .643          .659          .688 
EDU            .625          .625          .625          .625          .625          .625 
BIOTECH        .624          .604          .604          .608          .569          .608 
FINANCE        .612          .602          .634          .634          .666          .698 
HACKERS        .611          .611          .611          .611          .611          .666 
COMPUTER       .6            .64           .68           .68           .76           .76 
MILITARY       .6            .6            .6            .577          .577          .644 
ELECTRON       .597          .572          .582          .597          .597          .623 
SOLAR          .578          .526          .526          .578          .578          .631 
GAMING         .566          .633          .533          .6            .533          .6 
CHEM           .521          .478          .464          .478          .591          .577 
AUTO           .5            .375          .325          .425          .375          .425 
TRANSP         .5            .5            .35           .4            .45           .55 
JETS           .444          .444          .444          .444          .444          .444 
GREEN          .419          .419          .419          .419          .387          .419 
INDMATER       .408          .346          .336          .377          .428          .479 
RETAIL         .392          .392          .357          .392          .357          .392 
INFRA          .363          .363          .272          .363          .454          .636 
REGBANKS       .361          .361          .388          .388          .472          .555 
GOLD           .339          .207          .226          .245          .226          .264 
COAL           .333          .333          .222          .222          .222          .333 
COMODITY       .295          .267          .253          .394          .45           .535 
REIT           .255          .255          .286          .354          .526          .588 
PIPELINE       .222          .222          .333          .666          .888          .777 
OILGAS         .183          .17           .177          .202          .265          .253 
BONDFUND       .117          .108          .099          .315          .405          .441 
FOOD           .066          .133          .2            .333          .4            .466 
N=7



===========================================================================
                   
 3/10/2017    
Peerless remains on a Buy B4.
                                         
http://tigersoft.com/Peerless-Research/NewBuy-B4s/INDEX.htm

                                          We know that the 4 consecutive 2:1 declining stocks to rising NYSE stocks,
                                          which is what we saw on Friday, almost always occurs at or near a
                                          a market bottom.



                                          Stick with our Buy signal despite the break in the NYSE A/D Line uptrend
                                          and the negative readings of the V-Indicator at the upper band.  Neither
                                          is a reliable Sell signal at this time of the year or when the Accumulation
                                          Indexes are so positive.  Most often good rallies that start in October or
                                          December last until May, at least.  Remember. too, that the DJI normally tops
                                          out after the NYSE A/D Line.  And in 2000 and 2008, tech stocks (TECL)
                                          and the QQQ peaked after the DJI did.  See now how the Closing Powers of
                                          the NASDAQ, QQQ and TECL remain in uptrends, as do their 5-day mvg.
                                          averages. 


                                          I see nothing wrong, however, in doing some hedging.   I would stay short
                                          Crude Oil, RETL, Bonds and be long the Dollar versus the Euro.

 

                                         
                                          It will help you to appreciate how easily anticipated our Tiger charts anticipated
                                          last week's breakdown in Crude Oil prices.  See the charts just below.  They
                                          showed intensive Professional Selling in UCO in the month before the breakdown. 
                                          The series of purple TigerSoft Sell S7s highlights how Closing Power was badly
                                          diverging below price action. In Retirement Accounts, one could still go long DTO.

                                                          Tiger CP Signal Update
                                                  and 2007 and 2008 Data Coming


                                          Currently these Sell S7s are displayed by using the first choice under Indic-3
                                          with a graph on the screen.  Later this week, we will provide an update to
                                          Peerless/Tiger which allows users to choose to have these purple CP divergence
                                          B7s and S7s appear automatically when a graph first appears. You will not have
                                          to ask for them to appear.  I also want to give users a chance to see stocks and
                                          key ETFs as they looked back in 2007 and 2008, to see if similar major
                                          tops are now developing given the current 8-year long bull market.  The Tiger
                                          Data Page will soon allow alphabetically organized downloads data for 2007
                                          and 2008.  Presently, this data begins at 2009.





                                                        A Bottom Next Week?

                                         
Friday's Job Report, with a net gain of 230,000 new non farm jobs.
                                          will probably bring the Fed to raise Rates in a week when they meet.
                                          That event has long been expected.  So, that event itself bring a
                                          bottom to the current decline.  See below how Friday's relief rally was not
                                          on sufficient volume to break the Hourly DJI's DISI Line.  In addition, the DJI
                                          has not yet tagged its support at its 21-day ma, the DJI's 5-day ma
                                          is still falling as is its short term Closing Power. 

                                          









 

 

              TO REGULARLY UPDATED CHARTS --------------------------------         
              
3/10/17:      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  

              3-10-2017  Bullish MAXCPs   Bearish MINCPs RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 3/10/17 --------------------------------------------------------------------------------------- Directory Current day-1 day-2 day-3 day-4 day-5 ---------------------------------------------------------------------------------------- DJI-13 .923 .923 .923 .923 .923 .923 ETFS .897 .852 .867 .882 .882 .897 BIGBANKS .857 .857 .857 .857 .857 1 BEVERAGE .8 .85 .85 .8 .85 .85 DOWJONES .8 .8 .8 .833 .833 .8 UTILITY .777 .733 .777 .844 .844 .866 NASD-100 .763 .731 .731 .752 .774 .806 NIFTY .742 .742 .742 .771 .8 .8 HOMEBLDG .722 .666 .777 .722 .722 .722 SP-100 .721 .721 .742 .762 .762 .773 HOSPITAL .714 .714 .714 .857 1 1 SOFTWARE .703 .671 .671 .671 .718 .734 INSURANC .676 .617 .588 .647 .676 .705 N=13
SP500          .66           .652          .675          .695          .716          .733 
MORNSTAR       .655          .638          .672          .71           .747          .777 
CHINA          .65           .634          .698          .682          .682          .714 
COMPUTER       .64           .68           .68           .76           .76           .76 
INDEXES        .638          .659          .676          .672          .693          .714 
SEMI           .637          .646          .681          .689          .698          .724 
GAMING         .633          .533          .6            .533          .6            .666 
RUS-1000       .629          .612          .644          .66           .688          .717 
EDU            .625          .625          .625          .625          .625          .625 
HACKERS        .611          .611          .611          .611          .666          .722 
BIOTECH        .604          .604          .608          .569          .604          .632 
FINANCE        .602          .634          .634          .666          .698          .72 
MILITARY       .6            .6            .577          .577          .644          .688 
ELECTRON       .572          .582          .603          .597          .623          .644 
SOLAR          .526          .526          .578          .578          .631          .736 
TRANSP         .5            .35           .4            .45           .55           .6 
CHEM           .478          .464          .478          .591          .577          .633 
JETS           .444          .444          .444          .444          .444          .666 
GREEN          .419          .419          .419          .387          .419          .516 
RETAIL         .392          .357          .392          .357          .392          .375 
AUTO           .375          .325          .425          .375          .425          .5 
INFRA          .363          .272          .363          .454          .636          .545 
REGBANKS       .361          .388          .388          .472          .583          .611 
INDMATER       .346          .336          .377          .428          .479          .551 
COAL           .333          .222          .222          .222          .333          .333 
COMODITY       .267          .253          .394          .45           .535          .549 
REIT           .255          .286          .354          .526          .588          .656 
PIPELINE       .222          .333          .666          .888          .777          .777 
GOLD           .207          .207          .264          .226          .264          .396 
OILGAS         .17           .177          .202          .265          .259          .284 
FOOD           .133          .2            .333          .4            .466          .6 
BONDFUND       .108          .099          .315          .405          .459          .495 
N=8


====================================================================================
                   
 3/9/2017       Peerless remains on a Buy B4.
                                         
http://tigersoft.com/Peerless-Research/NewBuy-B4s/INDEX.htm    

                                          The over-night strength suggests that Wall Street has gotten
                                          advance word that tomorrow's Jobs numbers will be very good.
                                          (The President gets the report a day early.  The Administration
                                          is supposed to keep the Report secret, but clearly did not.
                                          http://money.cnn.com/2017/01/05/news/economy/jobs-report-president-trump-obama/
                               http://finance.yahoo.com/news/the-white-house-may-have-broken-a-rule-with-its-jobs-report-tweets-194440338.html?hl=1&noRedirect=1 )
                                          Hold long QQQ, TECL but stay short Bonds, Oil/Gas and RETL.


 


                                         
Stocks are getting oversold.. We have just seen four straight days where
                                          NYSE declines outnumbered advances by more than 2 to 1.  By itself, this
                                          normally registers an extremely oversold market condition, one that shows
                                          a significant bottom is at hand or very close.  But in our case now, the DJI
                                          has refused to sell-off and is still above its 21-day ma.  One has to go back
                                          to the 1930s to find the only 3 earlier cases where breadth was 2:1 to the downside
                                          for four days and the DJI was still above the 21-day ma.  Below are the three cases.
                                          The S3 arrows mark the spots. Declines soon followed in two cases, but in one
                                          instance (March 1933) the market soon shot upwards and almost doubled in
                                          space of three months. 





                                         Tomorrow the February Jobs' Report is released by the Labor Department.
                                         It is generally expected to be quite good.  Perhaps, 200,000 new non-farm jobs
                                         will be shown to have been added.  A very positive number should spark a
                                         brief  relief-rally.  But such a rally will probably give way as traders see that
                                         good Jobs' numbers for February will make make a rate hike in March much
                                         more likely. 

                                         The rate hike itself later this month may then bring a trading bottom, since
                                         this has been something the market has been expecting for sometime.

                                         I take it as bullish signs that the DJI, the NASDAQ, QQQ and TECL
                                         have held up so well this last week when bonds and oil stocks were being
                                         hit particularly hard. 



 


                                         I should also mention that I looked back at all the cases where the DJI closed
                                         3.3%-3.5% over the 21-day ma and showed only a barely positive V-Indicator
                                         reading.  This was what occurred on March 1st at the DJI's recent peak.  Such
                                         a technical combination is NOT a reliable Sell signal in a rising general market,
                                         though it is when bear market conditions are already present.  So, I would stick
                                         with the bullishness of the Buy B4 for now and consider a Sell S9-V to have occurred
                                         on March 1st or in the weak leading up to that.

                                         I take all this to mean that the market still expects a big Public Works' fiscal infusion
                                         into the economy as well as more De-Regulation and very bullish Tax Cuts to
                                         come out of this Congress, no matter how much trouble Trump gets himself into
                                         by imprudent tweets and reality distortions.  
                                        
                                        

  Jobs Reports
     3/9/2017
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2007 240 89 190 80 143 75 -34 -20 88 84 114 98
2008 17 -84 -78 -210 -186 -162 -213 -267 -450 -474 -766 -694
2009 -793 -702 -823 -687 -349 -471 -329 -213 -220 -204 -2 -275
2010 23 -68 164 243 524 -137 -68 -36 -52 262 119 87
2011 43 189 225 346 77 225 69 110 248 209 141 209
2012 358 237 233 78 115 76 143 177 203 146 132 244
2013 211 286 130 197 226 162 122 261 190 212 258 47
2014 190 151 272 329 246 304 202 230 280 227 312 255
2015 234 238 86 262 344 206 254 157 100 321 272 239
2016 126 237 225 153 43 297 291 176 249 124 164 157(P)
2017 227(P)                      
P : preliminary

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

 

                       ------------------------------  TO REGULARLY UPDATED CHARTS --------------------------------
        

                             
3/9/17:      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

                              Crude Oil  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  

                              3-9-2017       Bullish MAXCPs        Bearish MINCPs
   
    
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/9/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         .923          .923          .923          .923          .923          .923 
BIGBANKS       .857          .857          .857          .857          1             .857 
ETFS           .852          .867          .882          .882          .897          .882 
BEVERAGE       .85           .85           .8            .85           .85           .8 
DOWJONES       .8            .8            .833          .833          .8            .8 
NIFTY          .742          .742          .771          .8            .8            .8 
UTILITY        .733          .777          .844          .844          .866          .866 
NASD-100       .731          .731          .752          .774          .806          .817 
SP-100         .721          .742          .762          .762          .773          .762 
HOSPITAL       .714          .714          .857          1             1             1 
COMPUTER       .68           .68           .76           .76           .76           .8 
SOFTWARE       .671          .671          .671          .718          .734          .734 
N=12 
HOMEBLDG       .666          .777          .722          .722          .722          .777 
INDEXES        .659          .676          .672          .693          .714          .697 
SP500          .652          .675          .695          .716          .735          .75 
SEMI           .646          .681          .689          .698          .732          .75 
MORNSTAR       .638          .672          .71           .747          .781          .781 
CHINA          .634          .698          .682          .682          .714          .698 
FINANCE        .634          .634          .666          .698          .72           .709 
EDU            .625          .625          .625          .625          .625          .625 
INSURANC       .617          .588          .647          .676          .705          .735 
RUS-1000       .612          .644          .66           .688          .719          .734 
HACKERS        .611          .611          .611          .666          .722          .722 
BIOTECH        .604          .608          .569          .604          .632          .612 
MILITARY       .6            .577          .577          .644          .688          .755 
ELECTRON       .582          .603          .603          .623          .644          .654 
GAMING         .533          .6            .533          .6            .666          .633 
SOLAR          .526          .578          .578          .631          .736          .789 
CHEM           .464          .478          .591          .577          .633          .647 
JETS           .444          .444          .444          .444          .666          .555 
GREEN          .419          .419          .387          .419          .548          .58 
REGBANKS       .388          .388          .472          .583          .611          .611 
RETAIL         .357          .392          .357          .392          .375          .482 
TRANSP         .35           .4            .45           .55           .6            .55 
INDMATER       .336          .377          .428          .479          .551          .54 
PIPELINE       .333          .666          .888          .777          .777          .777 
AUTO           .325          .425          .375          .425          .5            .6 
REIT           .286          .354          .526          .588          .656          .692 
INFRA          .272          .363          .454          .636          .545          .545 
COMODITY       .253          .394          .45           .535          .535          .563 
GOLD           .207          .245          .245          .264          .396          .32 
FOOD           .2            .333          .4            .466          .6            .6 
OILGAS         .177          .202          .265          .259          .291          .278 
COAL           .125          .125          .125          .25           .25           .25 
BONDFUND       .099          .315          .405          .459          .513          .621 
N=10

           
==========================================================================
 
                      3/8/2017      Peerless remains on a Buy B4.
                                         
http://tigersoft.com/Peerless-Research/NewBuy-B4s/INDEX.htm     
                                      
                                          But the rally is obviously splintering and sputtering. 
                                          We know that it is the DJI's job to hold up and maintain appearances that
                                          all is well.  So, I still expect the DJI not to break below its rising 21-day ma
                                          despite the drop in the  NYSE A/D Line and the P-Indicator

                                          Short-term traders, I've suggested should still be long QQQ and TECL,
                                          but short OIH or OIL and RETL. Shorting Bonds (shown below in the
                                          Index of Bond Funds) is also suggested.



                 
  ------------------------------  TO REGULARLY UPDATED CHARTS --------------------------------
        

                            
3/8/17:      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

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


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

                                               
Another sell-off in Bonds is beginning.



                                         
Though QQQ and TECL rose today, the prospective rise
                                          in Interest Rates again sent down Bonds, Utilities  and Gold today. 
                                          Fears of how a rate hike will effect world-wide business has also
                                          hit Oil Prices.  Crude Oil broke decisively below its recent support,
                                          while IWM representing the Russell-2000's smaller companies)
                                          broke below its 65-dma.   

                                          As a result,  the NYSE A/D Line fell  further below its recent uptrendline-support
                                          and the A/D Line for all 6000 stocks has broken support.


 
                                         

                                   Crude Oil Stocks have responded and broken their support.
                                              


                                                               Watch The Financials. 

                                          The Financials' big leveraged ETF, FAS, which often mirrors the DJIA,
                                          has recently seen a swift increase in Professional Selling.  It's not real clear if
                                          the market - which has benefited so much from massive injections of very
                                          cheap money for big bankers - can cope with a move towards higher
                                          rates.  The Junk Bond market has gotten hit hard in the last two trading days.
                                          Even Goldman Sachs' Closing Power today decisively broke its uptrend. 

 

                                          Making matters worse, President Trump's running imprudences and assaults
                                          on reality could derail what is most needed, his efforts to produce big new investment in
                                          infrastructure and Jobs' spending.  Doubts about his leadership are growing
                                          faster even than the wild flowers of this year's early desert Spring. As a result,
                                          stocks like CAT are also being heavily sold by by Professionals and the DJI
                                          keeps pulling back.  His disappearance from sight for now will help stabilize
                                          the market as it regains focus on the benefits to it from lower taxes and de-regulation.

                             
---------------------   To STOCKS' CHARTS ------------------------------------------------    
                              AAPL   AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                              Others MASI  RENJJCWEAT  

                              3-8-2017       Bullish MAXCPs        Bearish MINCPs
   

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               3/8/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         .923          .923          .923          .923          .923          .923 
ETFS           .867          .882          .882          .897          .882          .97 
BIGBANKS       .857          .857          .857          1             .857          1 
BEVERAGE       .85           .8            .85           .85           .8            .75 
DOWJONES       .8            .833          .833          .8            .8            .833 
HOMEBLDG       .777          .722          .722          .722          .777          .777 
UTILITY        .777          .844          .844          .866          .866          .866 
NIFTY          .742          .771          .8            .8            .8            .8 
SP-100         .742          .762          .762          .773          .762          .804 
NASD-100       .731          .752          .774          .806          .817          .817 
HOSPITAL       .714          .857          1             1             1             1 
CHINA          .698          .682          .682          .714          .682          .714 
SEMI           .681          .689          .698          .732          .75           .767 
COMPUTER       .68           .76           .76           .76           .8            .84 
INDEXES        .676          .672          .693          .714          .701          .76 
SP500          .675          .695          .716          .735          .754          .775 
MORNSTAR       .672          .71           .747          .781          .794          .848 
SOFTWARE       .671          .671          .718          .734          .734          .75 
N=18
PIPELINE       .666          .888          .777          .777          .777          .777 
RUS-1000       .644          .66           .688          .719          .739          .76 
FINANCE        .634          .666          .698          .72           .709          .784 
EDU            .625          .625          .625          .625          .625          .625 
HACKERS        .611          .611          .666          .722          .722          .666 
BIOTECH        .608          .569          .604          .632          .616          .632 
ELECTRON       .603          .603          .628          .644          .654          .701 
GAMING         .6            .533          .6            .666          .633          .666 
INSURANC       .588          .647          .676          .705          .705          .823 
SOLAR          .578          .578          .631          .736          .789          .789 
MILITARY       .577          .577          .644          .688          .755          .822 
CHEM           .478          .591          .577          .633          .647          .718 
JETS           .444          .444          .444          .666          .666          .777 
AUTO           .425          .375          .425          .5            .6            .55 
GREEN          .419          .387          .419          .548          .58           .645 
TRANSP         .4            .45           .55           .6            .6            .75 
COMODITY       .394          .45           .535          .535          .563          .633 
RETAIL         .392          .357          .392          .375          .482          .392 
REGBANKS       .388          .472          .583          .611          .611          .805 
INDMATER       .377          .428          .479          .551          .54           .653 
INFRA          .363          .454          .636          .545          .545          .727 
REIT           .354          .526          .588          .656          .687          .708 
FOOD           .333          .4            .466          .6            .6            .733 
BONDFUND       .315          .405          .459          .513          .63           .774 
GOLD           .245          .226          .283          .396          .32           .66 
COAL           .222          .222          .333          .333          .333          .444 
OILGAS         .202          .265          .259          .291          .278          .335 
N=5

                                     

=================================================================================== 
                       3/7/2017     Peerless Remains on a Buy.  The Fed is expected to boost
                                          interest rates soon and that has hurt enough dividend-paying
                                          stocks to cause the long standing and well tested A/D Line
                                          to break its uptrend.  More settling by the broader market is
                                          now be expected.  See my study study of A/D Line breaks
                                          since 1992 and DJI.

                                          I expect prices to keep drifting lower until the Hourly
                                          DISI-OBV Line breaks its current downtrend.
                                         

                                         


                                          A drop by the DJI below its 21-day (149-hour) support is not
                                          likely so long as the key ETFs (DIA, SPY, QQQ, TECL
                                          and FAS) all show high Accumulation (IP21) and rising Closing
                                          Powers. 
Their 5-day ma are also all still rising, but will probably
                                          turn down tomorrow.  Each has closed below tomorrow's pivot-point
                                          by a wide margin.


                                         
Short-term Traders should probably sell some of DIA, SPY and FAS
                                          tomorrow unless there is a strong reversal back upwards.

                                         
Hold QQQ and TECL.
                                         
                                                                  KEY ETFS

                                              
         3-8                5-dma          IP21
                                                       Close             Pivot Point.  Current Accum
                                                       ------             -----------   ---------------
                                             DIA   209.17 -.31    211.02        .372                211 is now resistance.
                                             SPY   237.0   -.71    239.78       .368                240 is now resistance.
                                             QQQ 130.51 -.22    131.44       .413                130 is now resistance
                                             FAS    48.11 -.44     50.66         .381                148 is now resistance.
                                             TECL 64.53 + .06    65.71         .502                AAPL rose today.

           
------------------------------  TO REGULARLY UPDATED CHARTS --------------------------------
        

                            
3/7/17:      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

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



                                                  A 15% Correction Later This Year Seems Likely
                                        Unless A Big Public Works' Program Is Passed by Congress.

                                          The current bull market is now 8 years old.  The DJI has not fallen
                                          more than 20% from its highs since March 2009.  It has had 4
                                          corrections of 13.5% (2010), 17% (2011), 15% (2015) and 13% (2016).

                                          Only 3 other DJI bull markets lasted longer.  These each had 6-8 corrections ranging
                                          from 10%-19.5%.  So, we will probably be in need of another correction
                                          later this year.  If the Fed does raise rates, I would guess that we will get
                                          a Sell S9 in May.  By that time the P-Indicator will probably have turned
                                          negative and a rally to the 2.2% upper band could easily then give an S9.

                                               1) The 1990-2000 bull market lasted longer but
                                                and it did have a 19.5% "correction" in 1998 and
                                                10%-13.5% retreats in 1992, 1994, 1996, 1997 and 1999.
                                                Here there were 6 corrections.

                                               2) We also could go back to the 1949-1962 bull market
                                               for a comparison.  That was certainly much longer than now, but
                                               it had 10% to 13.5% corrections in 1950, 1953, 1955, 1956 (2)
                                               and a 19% sell-off in 1957 and a 17% decline in 1960 for
                                               a total of 7 corrections.

                                               3) Then there was the roaring 1921-1929 bull market.  It, too,
                                               had 8 corrections ranging from 10% (1922, 1928 and 1929)
                                               to 17% in 1923 and 1926 along with 2 13% retreats in 1924
                                               and 1926.

                                          
                                         
If you are getting nervous, consider selling short those sector ETFs
                                          that show the heaviest Professional (Closing Power) selling.  See all
                                          the warning pink S7s on the charts of
CAT, KOL, OIH, OIL and RETL.


                       

                              ---------------------   To STOCKS' CHARTS ------------------------------------------------    
                              AAPL   AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                              Others MASI  RENJJCWEAT  

                              3-7-2017       Bullish MAXCPs        Bearish MINCPs

            
 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/7/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
DJI-13         .923          .923          .923          .923          .923          .923 
PIPELINE       .888          .777          .777          .777          .777          .777 
ETFS           .882          .882          .897          .882          .97           .882 
BIGBANKS       .857          .857          1             .857          1             .857 
HOSPITAL       .857          1             1             1             1             1 
UTILITY        .844          .844          .866          .866          .866          .866 
DOWJONES       .833          .833          .8            .8            .833          .833 
BEVERAGE       .8            .85           .85           .8            .75           .75 
NIFTY          .771          .8            .8            .8            .8            .8 
SP-100         .762          .762          .773          .762          .804          .783 
COMPUTER       .76           .76           .76           .8            .84           .8 
NASD-100       .752          .774          .806          .817          .817          .795 
HOMEBLDG       .722          .722          .722          .777          .777          .722 
MORNSTAR       .71           .747          .781          .794          .848          .76 
SP500          .695          .716          .735          .754          .775          .733 
SEMI           .689          .698          .732          .75           .767          .715 
CHINA          .682          .682          .714          .682          .714          .698 
INDEXES        .672          .693          .714          .701          .76           .747 
SOFTWARE       .671          .718          .734          .734          .75           .75 
N= 19  (falling)
FINANCE        .666          .698          .72           .709          .784          .731 
RUS-1000       .66           .688          .719          .739          .762          .712 
INSURANC       .647          .676          .705          .705          .823          .705 
EDU            .625          .625          .625          .625          .625          .5 
HACKERS        .611          .666          .722          .722          .666          .666 
ELECTRON       .603          .628          .649          .654          .701          .644 
CHEM           .591          .577          .633          .647          .718          .605 
SOLAR          .578          .631          .736          .789          .789          .789 
MILITARY       .577          .644          .688          .755          .8            .733 
BIOTECH        .569          .604          .632          .616          .628          .592 
GAMING         .533          .6            .666          .633          .666          .633 
REIT           .526          .588          .656          .687          .708          .697 
REGBANKS       .472          .583          .611          .611          .805          .527 
INFRA          .454          .636          .545          .545          .727          .727 
COMODITY       .45           .535          .535          .563          .633          .619 
TRANSP         .45           .55           .6            .6            .75           .65 
JETS           .444          .444          .666          .666          .777          .666 
INDMATER       .428          .479          .551          .54           .663          .561 
BONDFUND       .405          .459          .513          .63           .783          .864 
FOOD           .4            .466          .6            .6            .733          .466 
GREEN          .387          .419          .548          .58           .645          .516 
AUTO           .375          .425          .5            .6            .55           .425 
RETAIL         .357          .392          .375          .482          .392          .41 
OILGAS         .265          .259          .291          .278          .348          .278 
GOLD           .226          .264          .415          .32           .66           .603 
COAL           .222          .333          .333          .333          .444          .222
N=3
N 



                     


====================================================================================
                       3/6/2017     Peerless Remains on a Buy.   The DJI's 50 point loss today
                                          seems minor compared to its 3000 point gain since Trump's election.
                                          The Fed will probably be raising rates this month.  This and Trump's
                                          seemingly crazy claims  that his phones were wiretapped by Obama
                                          might have dropped the market much more if its internals were weaker.
                                          As it is, we are probably seeing a shallow correction that will stop
                                          near the DJI's rising 21-day or 147-hour moving average.

                                                    





                                          Short-term Traders should be watching the key ETF's 5-day ma
                                          pivot-points at the close tomorrow. A close below these pivot-points
                                          means that the 5-day ma will be declining at the end of the day. 
                                          Taking short-term profits in this case is advised.  Without a Peerless
                                          Sell signal, intermediate-term traders should simply hold their positions.

                                          The very high levels of Accumulation argue that any decline in here will be shallow.
                                          So does the fact that so many groups still have more than 60% of their
                                          component stocks above the support of their 65-dma.  In addition, the
                                          key ETFs' Closing Powers are all rising, too, showing Professionals are
                                          net buyers, not sellers.

                                                       3-6                5-dma          IP21
                                                       Close             Pivot Point.  Current Accum
                                                       ------             -----------   ---------------
                                             DIA   209.48 -.43    207.98        .422
                                             SPY   237.71 -.71    236.47       .418
                                             QQQ 130.73 -.29    130.02       .453
                                             FAS    48.55 -.77     47.79         .425
                                             TECL 64.47 -.20      63.11         .508
 

                                                            A Peerless Sell Is Unlikely.

                                          There is only a small chance that we will get a Sell S4 if the Accumulation
                                          Index closes below its 21-day ma.  This IS what happened in February
                                          1994 when Greenspan rather unexpectedly raised short-term rates.  An 11%
                                          DJI decline then followed.  The market's internals are stronger now and
                                          a rate hike is expected.  Without a Sell S4, I would not take any break in
                                          the Accumulation Index to be a Sell.  Very few such breaks without a Sell S4
                                          would have made good Sell signals in markets with as much upward momentum
                                          as we have seen until very recently.  See my study of "would-be Sell S4s since 1992.  

                                                   Well-Tested NYSE A/D Line Uptrend Was Broken Today.




 

                                            The Rise in Short-Term Rates Predicts Fed will boost interest rates.
                                            Expect this to hurt bond funds, REITs and other dividend plays.
                                            It will also probably bring a bigger break in the NYSE A/D Line uptrend.
                                            It will not necessarily weaken the DJI.  Since 1991, breaks in
                                            well tested A/D Lines were nearly twice as likely to come too late
                                            in a DJI pull-back to profitably use the break as a Sell, as we once
                                            did in the 1980s.  See study of A/D Line breaks since 1992 and DJI.



                                          We will  likely know the profit-taking is over when the DJI again starts moving
                                          up into positive territory after a weak opening AND when the Hourly
                                          DISI-OBV Line breaks its downtrend.
 See the Hourly chart just   
                                          below. 


                                         

------------------------------  TO REGULARLY UPDATED CHARTS --------------------------------
        

                            
3/6/17:      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

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

                             
To STOCKS    
                              AAPL   AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                              Others  REN JJCWEAT  

                              3-6-2017       Bullish MAXCPs        Bearish MINCPs

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/6/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
HOSPITAL       1             1             1             1             1             1 
DJI-13         .923          .923          .923          .923          .923          .923 
ETFS           .882          .897          .882          .97           .882          .941 
BIGBANKS       .857          1             .857          1             .857          .857 
BEVERAGE       .85           .85           .8            .75           .75           .7 
UTILITY        .844          .866          .866          .866          .866          .866 
DOWJONES       .833          .8            .8            .833          .833          .866 
NIFTY          .8            .8            .8            .8            .8            .857 
PIPELINE       .777          .777          .777          .777          .777          .666 
NASD-100       .774          .806          .817          .817          .795          .838 
SP-100         .762          .773          .762          .804          .783          .793 
COMPUTER       .76           .76           .8            .84           .8            .8 
MORNSTAR       .747          .781          .794          .848          .764          .869 
HOMEBLDG       .722          .722          .777          .777          .722          .777 
SOFTWARE       .718          .734          .734          .75           .75           .812 
SP500          .715          .733          .752          .773          .733          .762 
FINANCE        .698          .72           .709          .784          .741          .806 
SEMI           .698          .732          .75           .767          .715          .784 
INDEXES        .693          .714          .701          .76           .747          .731 
RUS-1000       .688          .719          .739          .762          .713          .76 
CHINA          .682          .714          .682          .714          .698          .698 
INSURANC       .676          .705          .705          .823          .676          .705 
N = 22
HACKERS        .666          .722          .722          .666          .666          .722 
MILITARY       .644          .688          .755          .8            .733          .8 
INFRA          .636          .545          .545          .727          .727          .727 
SOLAR          .631          .736          .789          .789          .789          .789 
ELECTRON       .628          .649          .659          .701          .644          .716 
EDU            .625          .625          .625          .625          .5            .5 
BIOTECH        .604          .632          .616          .628          .588          .652 
GAMING         .6            .666          .633          .666          .633          .733 
REIT           .588          .656          .687          .708          .703          .77 
REGBANKS       .583          .611          .611          .805          .555          .75 
CHEM           .577          .633          .647          .718          .605          .591 
TRANSP         .55           .6            .6            .75           .65           .65 
COMODITY       .535          .535          .563          .633          .633          .549 
INDMATER       .479          .551          .54           .663          .561          .581 
BONDFUND       .459          .513          .63           .783          .882          .837 
JETS           .444          .666          .666          .777          .666          .666 
FOOD           .428          .571          .571          .714          .428          .214 
AUTO           .425          .5            .6            .55           .425          .55 
GREEN          .419          .548          .58           .645          .516          .58 
RETAIL         .392          .375          .482          .392          .41           .482 
COAL           .333          .333          .333          .444          .222          .444 
GOLD           .264          .396          .339          .66           .603          .566 
OILGAS         .259          .291          .278          .348          .278          .297
N=2 



==================================================================================           
                       3/3/2017     Peerless Remains on a Buy.  But next week should start on a down
                                          note. Trump's bizarre claims that Obama was wire-tapping him in
                                          2016 will no doubt un-nerve some investors.
After all, the President
                                          has the power to start a nuclear war.  It's fast getting to the point where
                                          no one really knows what to expect next from him and Wall Street
                                          likes things to be predictable and reliable.  If he would just stick to
                                          arguing for his economic plans, Wall Street would be a lot happier.
                                          Then, we would only have to cope with the likelihood of a Rate Hike by the FED
                                          in two weeks.  But this is long expected and should be no problem. 

                                               The Hourly DJIA chart below shows the 21-day ma (147-hour) Line
                                               where support is expected.  It shows the OBV-DISI downtrend that
                                               must be broken above to end the minor decline we are seeing.

                                          In a few days, Trump's remarks on Obama wire-tapping him will cease
                                          being news and stocks should rebound. The upward momentum will win out. 
                                          Without more internal technical weakness (very heavy down volume and very
                                          bad breadth), I would expect the DJI not to fall much below the
                                          support of its rising 21-day ma.  Continue to watch the Hourly DJIA.  A break in
                                          the recent OBV/DISI downtrend should bring a rebound rally to 21100.



                                  Watch breadth and volume tomorrow.  The NYSE A/D Line uptrend looks solid.
                                  For now, the 5-day moving averages are rising for all our most favored
                                  ETFs, as are their Closing Powers.
                                          




                                         

                                          Short-term traders should stick with their long positions in DIA, SPY,
                                          QQQ, FAS and TECL unless they close below their 5-day ma pivot points.
                                          If these should be exited, plan to retake the positions when they next close
                                          above their pivot-points.  However, the falling SPY/DIA Relative Strength
                                          Quotient Line warns to avoid SPY in favor of the others.        



                                          The NASDAQ and IWM are underperforming the DJIA.  This has become
                                          a high-cap market advance.  The expected rise in interest rates hinders
                                          smaller companies more than the large caps, as a general rule.  It may
                                          be that NYSE breadth will start to deteriorate compared to the DJI.
                                          That has no happened yet.  The next rally will not easily produce a Sell
                                          most likely until the Tiger Accum. Index falls below its 21-day ma.

                                          


                             

 ------------------------------  TO REGULARLY UPDATED CHARTS --------------------------------
        

                            
3/3/17:      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

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

                             
To STOCKS    
                              AAPL   AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                              Others  REN JJCWEAT  

                              3-3-2017       Bullish MAXCPs        Bearish MINCPs
----------------------------------------------------------------------------------------------------------------------

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

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              3/3/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
BIGBANKS       1             .857          1             .857          .857          .857 
HOSPITAL       1             1             1             1             1             1 
DJI-13         .923          .923          .923          .923          .923          .923 
ETFS           .897          .882          .97           .882          .941          .941 
UTILITY        .866          .866          .866          .866          .866          .888 
BEVERAGE       .85           .8            .75           .75           .7            .75 
NASD-100       .804          .815          .815          .793          .836          .836 
DOWJONES       .8            .8            .833          .833          .866          .866 
NIFTY          .8            .8            .8            .8            .857          .857 
MORNSTAR       .781          .794          .848          .764          .869          .827 
PIPELINE       .777          .777          .777          .777          .666          .777 
SP-100         .773          .762          .804          .783          .793          .793 
COMPUTER       .76           .8            .84           .8            .8            .8 
SOLAR          .736          .789          .789          .789          .789          .789 
SP500          .735          .754          .775          .735          .766          .754 
SOFTWARE       .734          .734          .75           .75           .796          .812 
SEMI           .732          .75           .767          .715          .784          .775 
HACKERS        .722          .722          .666          .666          .722          .722 
HOMEBLDG       .722          .777          .777          .722          .777          .722 
FINANCE        .72           .709          .784          .741          .806          .774 
RUS-1000       .719          .739          .762          .713          .76           .737 
CHINA          .714          .682          .714          .698          .698          .714 
INDEXES        .714          .701          .76           .747          .735          .731 
INSURANC       .705          .705          .823          .676          .705          .735 
MILITARY       .688          .755          .8            .733          .777          .688 
N=26
GAMING         .666          .633          .666          .633          .7            .666 
JETS           .666          .666          .777          .666          .666          .666 
REIT           .656          .687          .708          .703          .77           .739 
ELECTRON       .649          .659          .706          .644          .716          .701 
CHEM           .633          .647          .718          .605          .605          .591 
BIOTECH        .628          .616          .628          .588          .652          .569 
EDU            .625          .625          .625          .5            .5            .5 
REGBANKS       .611          .611          .805          .555          .75           .666 
FOOD           .6            .6            .733          .466          .333          .6 
TRANSP         .6            .6            .75           .65           .65           .65 
INDMATER       .551          .54           .663          .561          .591          .602 
GREEN          .548          .58           .645          .516          .58           .483 
INFRA          .545          .545          .727          .727          .727          .545 
COMODITY       .535          .563          .633          .633          .577          .661 
BONDFUND       .513          .63           .783          .882          .846          .891 
AUTO           .5            .6            .55           .425          .575          .475 
GOLD           .403          .326          .673          .615          .576          .826 
RETAIL         .375          .482          .392          .41           .464          .446 
COAL           .333          .333          .444          .222          .444          .444 
OILGAS         .291          .284          .354          .278          .297          .291 
N=2

  
===================================================================================
                       3/2/2017     Peerless Remains on a Buy.  Leading ETFS will most likely
                       fall back only to their rising 21-day ma.  Once the natural urge to take
                       profits is over, I would think aggressive buyers will again come into the
                       market.  The key ETFs have not yet broken their steep uptrends.  There
                       are no signs of Distribution and no head/shoulders patterns.   Lagging
                       Hourly Up volume probably means a period of positive consolidation. 
                       While short-term traders are being invited to take profits, sharp sell-offs are
                       commonly quite brief in bull markets.

                       I would just hold long position in DIA, SPY, QQQ, FAS and TECL. 

                           
 DJIA  www.tigersoftware.com/PICS/DATA.gif 
                             DIA   www.tigersoftware.com/PICS/DIA.gif
                             SPY   www.tigersoftware.com/PICS/SPY.gif      
                             QQQ   www.tigersoftware.com/PICS/QQQ.gif 
                             TECL  www.tigersoftware.com/PICS/TECL.gif  
                             FAS     www.tigersoftware.com/PICS/FAS.gif  

                      
Republicans in Congress and the Trump Administration will now be placing
                       a high priority on TAX CUTS as a way to spur the stock market onward
                       and upward.  But they will have to go beyond this and move on Public
                       Works.  (A Domestic Marshall Plan could be justified.)  Otherwise, there
                       will be a stock subsidence while the market waits to see if the FED is
                       going to boost rates.

                    
 My guess is that we will keep getting a steady stream of bullish news
                      from Congress and the Administration.  Republicans in Congress fully
                      appreciate that a big, brash bull market has much more public appeal than
                      worrying about the big, bad Russian bear,  as orthodox Democrats,
                      CNN and the New  York Times are now wont to do, to the point of it being an
                      obsession. 

                       By itself, tax cuts will certainly boost the stock market.  But that may not
                       translate into a lasting economic boom based on a surge of consumer buying.
                       In the 1920s, the Republican Bull Market was heavily dependent on
                       breakthroughs in consumer goods (autos, radios, home appliances,
                       movies and airplanes) and in new ways for ordinary  folks to finance
                       the purchase of these things.  There is not much like this now.  So, without a huge
                       Public Works program, the danger is that the stock market will eventually
                       again far outpace the Real Economy, as it did finally in 1929.  But we are
                       not even close to that point now. 

                      
Again look at the DJI chart of 1929.  Our A/D Line now is rising.
                       In 1929, the NYSE A/D Line was falling, showing that more and more companies
                       were suffering sales' and profits' declines.  Our Accumulation Index is
                       very blue (positive) now.  In 1929, our Accumulation Index turned a red for
                       months before the DJI topped out.  Insiders had become heavy sellers.

                            
DJI - 1929   www.tigersoftware.com/PICS/DATA1929.gif   
                            

                      ------------------------------  TO REGULARLY UPDATED CHARTS --------------------------------
        

                            
3/2/17:      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

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

                             
To STOCKS    
                              AAPL   AMZN   BIDU   CAT    FB  GOOG   GS  IBM   MSFT   NVDA JPM

                              Others  REN JJCWEAT  
----------------------------------------------------------------------------------------------------------------------

                           3/2/2017

                            Bullish Special Situations
                                   MASI     www.tigersoftware.com/HL/3-2-2017/MASI.gif
                                   AZPN     www.tigersoftware.com/HL/3-2-2017/AZPN.gif
                                   CNP       www.tigersoftware.com/HL/3-2-2017/CNP.gif
 
                                   STM      www.tigersoftware.com/HL/3-2-2017/STM.gif


                           
 Bearish Special Situations
                                   TEVA      www.tigersoftware.com/HL/3-2-2017/TEVA.gif
                                    HK          www.tigersoftware.com/HL/3-2-2017/HK.gif
                                    GPRO    www.tigersoftware.com/HL/3-2-2017/GPRO.gif
                                    BKS        www.tigersoftware.com/HL/3-2-2017/BKS.gif
                                    BBOX     www.tigersoftware.com/HL/3-2-2017/BBOX.gif

                       


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

                           2/29/2017 to 3/1/2017     
                             Please go to http://www.tigersoftware.com/HL/INDEX.html

|
                      

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

                           2/28/2017    Peerless Buy B4 still stands.    

                                           Seasonality remains distinctly Bullish for the next two months when we look at how the
                                           DJI did since 1965 after the end of February.  This should give us confidence to hold
                                           most long positions until Peerless gives a new Sell.

                                                                   Trading Days    Pct of Years   Avg, DJI Gain
                                                                   from Now         DJI rose
                                                                   -------------     -------------  ---------------
                                                                   5                       59.2%           0.5%
                                                                   10                     65.3%           0.9%
                                                                   21                     73.5%           1.3%
                                                                   42                     79.6%           3.8% 

                                           Peerless has given no Sell despite the negative V-I readings as the DJI approached
                                           the upper band.  This is because of the presence of a number of bullish factors.
                                           Technically, the general markets are at all time highs where the path of least resistance
                                           is usually up.  Breadth has been superb.  The A/D Line keeps making its own new highs
                                           and the P-Indicator is well above +200.  The Accumulation Indexes are very high
                                           and the Closing Powers are in uptrend.  Seasonality is usually bullish until late April.

                                           Fundamentally, Trump and the Republican Congress will be cutting taxes on corporations
                                           and the wealthy by amounts that should make profits rise by 15% next year, all other
                                           things being equal.  But they are not equal.  De-regulation will also boost profits.
                                           There are unknowns, of course. There could be ugly surprises.

                                           To guard against these, we watch what Professionals are doing by monitoring
                                           the key ETFs' Closing Power uptrends.  So far, they are rising.  SPY's is probably the most
                                           important to watch.  Note how high its current IP21 is and the fact that its Closing
                                           Power (Professional Buying)  is much closer to its highs than Opening Power (Public Buying).
                                           Professionals are more bullish than the Public is.  This usually means higher prices for
                                           a while longer.
 



                                           But it SPY's steep Closing Uptrend is violated, there is good chance it will fall back to its
                                           lower band.  The history of SPY since 1996 shows that even when its IP21 (Current AI) has
                                           reached +.41 or higher, the odds are better than 50% that SPY will fell down to near
                                           the lower band or lower when SPY's Closing Power uptrend is finally  broken.
                                           Accordingly, reducing long positions when this occurs will be advised even if Peerless
                                           has not given a Sell Signal or, at the least, hedging with shorts in some of weakest stocks
                                           and ETFs.  For example, see OIH.  Note its heavy Red Distribution and how its
                                           Closing Power is plunging to new lows.

  

                                                   Does A Very High IP21 Mean We Can Disregard
                                                       A Break in SPY's Closing Power Uptrend?

                                           In 9 of the 17 cases since 1995, when SPY's CP steep uptrendline was
                                           broken, SPY fell nearly to the lower band or more.
                                          

                                           March 1995 SPY just kept rising
                                           Sept 1995 SPY went sidewise until it tagged rising 65-dma and then rose.
                                           Feb 7 1996 SPY fell back to LB and rising 65-dma when CP uptrend was broken.
                                           Oct. 22, 2001 SPY fell back only to 21-dma and then rose strongly.
                                           March 21, 2003 SPY fell back only to 21-dma and then rose strongly.
  
                                           Sept 2003 SPY fell back only to 21-dma and then rose strongly.
                                           Jan 15 2004 SPY fell back to lower band.
                                           Oct 23, 2006  SPY fell back only to 21-dma and then rose strongly.
                                           Feb 2007 SPY fell back to lower band.
                                           April 2007 When CP uptrend broken, SPY fell 9%.
 
                                           March 2010 When CP uptrend broken, SPY fell 10%  H/S appeared!
                                           Feb 8 2012  SPY fell only to 21- dma and rise strongly.
                                           May 17 2013 SPY fell to lower band.
                                           Nov 2013  SPY kept rallying.
                                           June 2014 SPY fell to 65-dma, half way between LB and MA.
 
                                           Nov 2014 SPY fell to lower band.
                                           March 2016 SPY went sidewise for months.
                                           Oct 2016 SPY fell nearly to lower band.
                                           (See all of these charts.)

                                        
2/28/2017:    

                              PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH  (Biotechs)  BRZU (Brazil)  FAS (Banks)  GASL (Natl Gas)  GLD (Gold)
                             
IBB (Biotechs)   JETS (Airlines)  JJC (copper)   JNUG (Junior gold stocks)
                             
KOL  (Coal)   NIB (Cocoa)   NUGT  (Gold Stocks) OIH (Oil Services)  OIL  (Crude Oil)
                             
RSX  (Russia)  RETL (Retail)  SLV (Silver)  SOXL (Semi-Conductors)  TECL (Techs)
                             
TMF  (20-Year Bond)  TNA  (Leveraged Russ-2000),  UCO (Crude Oil)  
                             
VGK (Utilities)  WEAT (wheat)  YINN (China)

                     .   

                               To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  

                                
 2/27/2017:       Bullish MAXCPs      Bearish MINCPs

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA 
              2/28/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
HOSPITAL       1             1             1             .857          .857          .857 
DJI-13         .923          .923          .923          .923          .923          .923 
BONDFUND       .882          .846          .891          .819          .774          .738 
ETFS           .882          .941          .941          .955          .955          .985 
UTILITY        .866          .866          .888          .888          .844          .911 
BIGBANKS       .857          .857          .857          .857          .857          .857 
DOWJONES       .833          .866          .866          .833          .833          .866 
COMPUTER       .8            .8            .84           .8            .8            .8 
NIFTY          .8            .857          .857          .828          .828          .828 
NASD-100       .795          .838          .838          .817          .849          .849 
SOLAR          .789          .789          .789          .789          .789          .789 
SP-100         .783          .793          .793          .783          .793          .783 
PIPELINE       .777          .666          .777          .888          .888          .888 
MORNSTAR       .764          .869          .836          .819          .857          .89 
BEVERAGE       .75           .7            .75           .75           .8            .85 
SOFTWARE       .75           .796          .812          .796          .796          .796 
INDEXES        .743          .735          .731          .731          .743          .756 
FINANCE        .741          .806          .774          .827          .827          .817 
MILITARY       .733          .777          .688          .666          .755          .777 
SP500          .733          .765          .758          .752          .773          .779 
INFRA          .727          .727          .545          .545          .727          .727 
HOMEBLDG       .722          .777          .722          .722          .666          .722 
SEMI           .716          .783          .775          .783          .808          .841 
RUS-1000       .713          .76           .741          .742          .758          .776 
CHINA          .703          .703          .718          .718          .734          .718 
REIT           .703          .77           .744          .776          .729          .791 
INSURANC       .684          .71           .736          .789          .763          .71
N=27 
HACKERS        .666          .722          .722          .722          .722          .722 
JETS           .666          .666          .666          .666          .666          .666 
TRANSP         .65           .65           .65           .55           .65           .65 
ELECTRON       .649          .721          .711          .701          .721          .757 
COMODITY       .633          .577          .647          .69           .704          .746 
GAMING         .633          .7            .666          .666          .7            .7 
CHEM           .605          .605          .591          .591          .676          .647 
GOLD           .603          .566          .83           .867          .849          .886 
BIOTECH        .591          .653          .571          .556          .575          .626 
INDMATER       .56           .59           .6            .62           .71           .73 
REGBANKS       .555          .75           .666          .833          .805          .777 
GREEN          .516          .58           .483          .548          .516          .612 
EDU            .5            .5            .5            .5            .5            .5 
FOOD           .466          .333          .6            .8            .8            .8 
AUTO           .425          .575          .475          .55           .6            .625 
RETAIL         .41           .464          .446          .375          .446          .446 
OILGAS         .287          .306          .306          .368          .375          .493 
COAL           .222          .444          .444          .444          .555          .666 
N=2
                            



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

                     2/27/2017    Peerless Buy B4 still stands.  Speculators are becoming more aggressive.

                    
As long as the openings are relatively weak and the closings are near the days' highs,
                     we will see the Closing Powers for the key ETFS rising and their current Accumulation
                     stay at very high levels.  These are usually bullish signs.  They show Professional rather than
                     Public net buying.  And as prices for the much watched averages keep rising, confidence builds.
                     So, even though the DJI has now risen 12 straight days, I think we have to expect higher prices.

                     The slow movement in the DJI upward of late owes to its reaching the top of its price channel.
                     The regression channel shows an upper band 3 standard deviations above the least squares' line.                   





                     Today's action showed new strength in IWM - ETF for the Russell-2000.  This is a
                     sign that speculators are turning to smaller stocks.  This is normal and healthy for a while.



                     An aggressive way to play the market now is by finding the best performing individual stocks
                     that show several characteristics.  Buy them on trading range breakouts or after dips back to
                     their 21-day and 65-day mvg.avgs when their Closing Powers hook back up.I will start posting
                     these stocks as DOUBLERS on the Tiger Data Page tomorrow so they can be regularly downloaded.
                     I will also  display some of their graphs on our MAXCP lists here.

                             NEW HIGHS' DOUBLERS' REQUIREMENTS   
                               1) The stock has more than doubled in the last 200 days;
                               2) The stock has a current Accumulation Index above +.37 and is above its rising 21-dma;
                               3) The stock has an AI/200 score above 147; 
                               4) the stock's Closing Power is uptrending (above its 21-dma)
                               5)  the stock has just made a new high. 
                     I will start posting these stocks as DOUBLERS on the Tiger Data Page tomorrow and
                     will display some of their graphs on our MAXCP lists here. 

C:\doublers   Days back= 200 
 5 / 11 / 2016 - 2 / 27 / 2017 
Rank          Symbol        Name                        Price          Pct.Gain     AI/200  
---------     -----------------------------------       ----------    ------------  -------  
 1            GRVY          Gravity Co                   36.03         833%          143   
 2            ASMB          Assembly Biosciences Inc     21.18         339%          164   
 3            KEM           KEMET Corp     11.12         324%          51.6%         144 
 4            AMD           Advanced Micro Devices       15.2          316%          147  
 5            GV            Goldfield Corp               7.85          199%          161  
 6            STM           STMicroelectronics NV ADR    15.53         187%          168   
 7            TCBI          Texas Capital Bancshares     90.55         105%          171   
 8            TSEM          Tower Semiconductor Ltd      23.12         104%          157   

                             2/27/2017:    

                              PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH  (Biotechs)  BRZU (Brazil)  FAS (Banks)  GASL (Natl Gas)  GLD (Gold)
                             
IBB (Biotechs)   JETS (Airlines)  JJC (copper)   JNUG (Junior gold stocks)
                             
KOL  (Coal)   NIB (Cocoa)   NUGT  (Gold Stocks) OIH (Oil Services)  OIL  (Crude Oil)
                             
RSX  (Russia)  RETL (Retail)  SLV (Silver)  SOXL (Semi-Conductors)  TECL (Techs)
                             
TMF  (20-Year Bond)  TNA  (Leveraged Russ-2000),  UCO (Crude Oil)  
                             
VGK (Utilities)  WEAT (wheat)  YINN (China)

                     .   

                               To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  


                               2/27/2017:       Bullish MAXCPs      Bearish MINCPs

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              2/27/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
HOSPITAL       1             1             .857          .857          .857          .857 
ETFS           .941          .941          .955          .955          .985          .97 
DJI-13         .923          .923          .923          .923          .923          .846 
MORNSTAR       .869          .836          .819          .857          .894          .857 
DOWJONES       .866          .866          .833          .833          .866          .8 
BIGBANKS       .857          .857          .857          .857          .857          .857 
NIFTY          .857          .857          .828          .828          .828          .828 
BONDFUND       .846          .891          .819          .774          .738          .675 
NASD-100       .838          .838          .817          .849          .838          .827 
FINANCE        .806          .774          .827          .827          .817          .827 
COMPUTER       .8            .84           .8            .8            .8            .84 
SOFTWARE       .796          .812          .796          .796          .796          .796 
SP-100         .793          .793          .783          .793          .783          .752 
SOLAR          .789          .789          .789          .789          .789          .789 
SEMI           .783          .775          .791          .808          .841          .825 
HOMEBLDG       .777          .722          .722          .666          .722          .611 
MILITARY       .777          .688          .666          .755          .777          .733 
REIT           .77           .744          .776          .729          .791          .697 
SP500          .765          .758          .752          .773          .779          .748 
RUS-1000       .76           .741          .742          .758          .776          .747 
REGBANKS       .75           .666          .833          .805          .777          .75 
INDEXES        .735          .731          .731          .743          .756          .743 
INFRA          .727          .545          .545          .727          .727          .727 
HACKERS        .722          .722          .722          .722          .722          .722 
ELECTRON       .721          .711          .706          .721          .757          .731 
INSURANC       .71           .736          .789          .763          .71           .736 
CHINA          .703          .718          .718          .734          .718          .703 
BEVERAGE       .7            .75           .75           .8            .85           .75 
GAMING         .7            .666          .666          .7            .7            .7 
N=29
JETS           .666          .666          .666          .666          .666          .666 
PIPELINE       .666          .777          .888          .888          .888          .888 
BIOTECH        .653          .571          .56           .575          .614          .661 
TRANSP         .65           .65           .55           .65           .65           .65 
UTILITY        .65           .65           .55           .65           .65           .65 
CHEM           .605          .591          .591          .676          .661          .647 
INDMATER       .59           .6            .62           .71           .73           .72 
GREEN          .58           .483          .548          .516          .612          .548 
COMODITY       .577          .647          .69           .704          .746          .676 
AUTO           .575          .475          .55           .6            .625          .55 
GOLD           .566          .811          .886          .849          .886          .924 
EDU            .5            .5            .5            .5            .5            .5 
RETAIL         .464          .446          .375          .446          .446          .428 
COAL           .444          .444          .444          .555          .666          .666 
FOOD           .333          .6            .8            .8            .8            .733 
         Big drop here....
OILGAS         .306          .306          .368          .375          .5            .418 


======================================================================================================
                    2/24/2017    Peerless Buy B4 still stands.  

                  
 The S9-V that the Peerless program now shows for Friday does not take into account the
                    special bullishness of what are now 11 straight DJI-Up days.
See the charts since 1915
                   
where the DJI was up 10 Straight DJI-Up Days  (The limited Saturday trading before 1952
                    is omitted).

                    In addition, that the DJI's current IP21 (Accumulation Index) is now a very positive, + .16 and the
                    P-I is a very positive +240.  These bullish key values should be factored in, I think.   With these
                    key values, a DJI usually keeps rising even though it is more than 2.4% above its 21-day ma
                    and shows a negative V-I.  By this criteria, the odds for a significant additional rally are DJI 2:1.
                    A decline below the lower band never occurred in the 12 bull market instances of very positive IP21s
                    combined with V-I negative readings as the DJI approached the upper band.
                    See these charts.

                   Accordingly, I have revised Peerless today and it shows the following DJI chart.  This update is
                   is available on the ESP Page.






                   
Past Cases    V-I <0 and LA/MA>1.024 but P-I>200 and IP21>.15
                           
Bull Market Environments:  10 rallies  5 declines
                            2/6/1951 - DJI fell to lower band but no good Buy signal there.  V-I was estimated before 1965.
                            7/6/1954 - DJI went much higher.
                            9/24/1954 - DJI fell 2% before lower band and then went much higher.
                            7/6/1956 - DJI rose 3% more before falling 10%.
                            4/24/1957 - DJI kept rising for 10 more weeks.
                            7/22/1958 - DJI went much higher.
                            8/7/1979 - DJI rose for two months.
                            Jan1996    - DJI went much higher.
                            July 2009  -  DJI went much higher.
                            11/25/2009 - DJI went much higher.
                            (7/26/2010 - DJI fell to lower band - A different Peerless Sell also occurred here.)
                            2/9/2011 - DJI fell to lower band.
                            Oct 2015 - DJI rose another month
                            11/4/2015 -  fell to lower 3% band.
                            2/25/2016 - DJI went much higher.


                       
  PROS HAVE BECOME AGGRESSIVE BUYERS JUST AS
                              PUBLIC HAS SWITCHED AND BECOME SELLERS



                  
  2/24/2017:    

                              PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH  (Biotechs)  BRZU (Brazil)  FAS (Banks)  GASL (Natl Gas)  GLD (Gold)
                             
IBB (Biotechs)   JETS (Airlines)  JJC (copper)   JNUG (Junior gold stocks)
                             
KOL  (Coal)   NIB (Cocoa)   NUGT  (Gold Stocks) OIH (Oil Services)  OIL  (Crude Oil)
                             
RSX  (Russia)  RETL (Retail)  SLV (Silver)  SOXL (Semi-Conductors)  TECL (Techs)
                             
TMF  (20-Year Bond)  TNA  (Leveraged Russ-2000),  UCO (Crude Oil)  
                             
VGK (Utilities)  WEAT (wheat)  YINN (China)

                             
To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  


                2/24/2017:       Bullish MAXCPs      Bearish MINCPs

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              2/24/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
HOSPITAL       1             .857          .857          .857          .857          .857 
ETFS           .941          .955          .955          .985          .97           .955 
DJI-13         .923          .923          .923          .923          .846          .923 
BONDFUND       .891          .819          .774          .738          .675          .603 
UTILITY        .888          .888          .844          .911          .8            .822 
DOWJONES       .866          .833          .833          .866          .8            .8 
BIGBANKS       .857          .857          .857          .857          .857          .857 
NIFTY          .857          .828          .828          .828          .828          .828 
COMPUTER       .84           .8            .8            .8            .84           .84 
NASD-100       .838          .817          .849          .838          .827          .806 
MORNSTAR       .836          .819          .857          .894          .857          .878 
SOFTWARE       .812          .796          .796          .796          .796          .765 
GOLD           .811          .867          .867          .886          .924          .924 
SP-100         .793          .783          .793          .783          .752          .752 
SOLAR          .789          .789          .789          .789          .789          .684 
PIPELINE       .777          .888          .888          .888          .888          .888 
SEMI           .775          .791          .816          .841          .816          .775 
FINANCE        .774          .827          .827          .817          .827          .827 
SP500          .758          .752          .773          .779          .748          .76 
BEVERAGE       .75           .75           .8            .85           .75           .65 
REIT           .744          .776          .729          .791          .703          .708 
RUS-1000       .741          .742          .758          .776          .748          .754 
INSURANC       .736          .789          .763          .71           .763          .763 
INDEXES        .731          .731          .743          .756          .743          .764 
HACKERS        .722          .722          .722          .722          .722          .722 
HOMEBLDG       .722          .722          .666          .722          .611          .611 
CHINA          .718          .718          .734          .718          .703          .703 
ELECTRON       .711          .706          .726          .757          .731          .711 
MILITARY       .688          .666          .755          .777          .755          .733 
N=29
GAMING         .666          .666          .7            .7            .7            .633 
JETS           .666          .666          .666          .666          .666          .666 
REGBANKS       .666          .833          .805          .777          .75           .694 
COMODITY       .652          .694          .708          .75           .68           .68 
TRANSP         .65           .55           .65           .65           .65           .65 
FOOD           .6            .8            .8            .8            .8            .8 
INDMATER       .6            .62           .71           .73           .72           .75 
CHEM           .591          .591          .676          .661          .647          .647 
BIOTECH        .571          .56           .579          .614          .657          .653 
INFRA          .545          .545          .727          .727          .727          .727 
EDU            .5            .5            .5            .5            .5            .375 
GREEN          .483          .548          .516          .612          .58           .516 
AUTO           .475          .55           .6            .625          .55           .55 
RETAIL         .446          .375          .446          .446          .428          .392 
COAL           .444          .444          .555          .666          .666          .666 
OILGAS         .306          .368          .375          .5            .431          .468 


---------------------------------------------------------------------------------------------------------------------------------------------------------
====

---------------------------------------------------------------------------------------------------------------------------------------------------------
                    2/23/2017    Peerless Buy B4 tells us to expect DJI to still go high and likely much higher if it can
                    breakout above its price channel.  A price-channel breakout asserts a target of 22500!  But Up Volume
                    is low.  Still, the Trump economic agenda matches Coolidge's in 1925 and that was a very good year.

                  
 Watch now to see signs of what the Fed plans to do in March and whether Congressional Republicans
                    will go along with Trump's expansionist and expensive Public Works program.  The market seems to
                    be saying the Fed will not raise rates in March (
Utilities have recovered most of losses from end of
                    last year but Republicans have not mentioned Oroville Dame and Infrastructure spending.   Not for nothing,
                    CAT shows unusually heavy Professional Selling.)  Notice Gold's continued recovery, too.  This would also be in
                    keeping with US interest rates not going up because the Fed does not see strong enough signs of growth to
                    to raise.  Presumably some on the Fed recall the Crashes in 1929 and 1937 occurred when the FED tightened
                    to stop rising stock markets exactly when the Economy itself was weakening. 

                  
 Crude Oil (UCO) and Drillers (OIH) also shows unusually heavy Professional Selling. 
                    If the world economy were on the cusp of a new era of growth,  one would expect Professionals
                    to be net buyers, not net sellers here.  The renewed selling in RETL warns that any Trump recovery, so far,
                    has not yet trickled down to most ordinary folks. It is still up to the Big Banks, the DJI-13 and Tech Stocks
                    in the US to keep the rally going. 



                                              10 Straight DJI-Up Days Is Very Bullish.

                  
The fact that the DJI has now risen 10 straight days is extraordinarily bullish if the past history
                   of the market back to 1915 is used to judge the future. 7 of 8 instances brought big advances.
                   I have to check the January 1915 occurrence.  It might have occurred in December 1915 at a
                   lower point.  This should probably be made into its own Buy Signal when DJI makes a 6-mo high... 
                  
In the charts showm, it is posted as a Buy B3.  As such it should probably suppress Sells for a while, too.

                  
 Jan 1915 - Though there was one more DJI decline to the lower band, the rest of the year enjoyed
                    the biggest one-year gain ever.  (Saturday's abbreviated trading not considered.)
                    Jan 1921 - The exception.  This was only a bear market.
                    July 1927 - Up and away.  (Saturday's abbreviated trading not considered.)
                    July 1929 - Still more upside even in a technically weak market.
                    Jan 1955 - A great time to buy
                    Dec 1970 - Lowered interest rates launched the 1970-1973 Bull Market here.
                    Jan 1987 - Reagan Bull Market
                    June 1987 - Still more upside until clear-cut Sell S9/S12 in October 1987.

                                              Why No Sell S9-V?

                  
 Even though the V-Indicator fell as Down Volume on NYSE outpaced UP Volume by 200 million
                    shares, we got no new S9-V.  This is because the program's rules do not not allow a Sell-S9-V in
                    February, March or most of April if the DJI is up more than 10% over the last 65-trading days.
                    It is now up 10.085%.  In addition, the last S9-V cannot repeat for a week.








               2/23/2017:    

                              PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH   BRZU  Crude Oil   FAS  GLD    IBB  JETS  JJC JNUG  KOL  NUGT  OIH   OIL  
                              RSX   RETL   SLV   SOXL   TECL   TMF   TNA  UCO   VGK   WEAT  YINN

                             
To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  


                2/23/2017:       Bullish MAXCPs      Bearish MINCPs

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              2/23/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .955          .955          .985          .97           .955          .955 
DJI-13         .923          .923          .923          .846          .923          .923 
PIPELINE       .888          .888          .888          .888          .888          .888 
UTILITY        .888          .844          .911          .8            .822          .755 
GOLD           .867          .849          .905          .924          .924          .924 
BIGBANKS       .857          .857          .857          .857          .857          .857 
HOSPITAL       .857          .857          .857          .857          .857          1 
DOWJONES       .833          .833          .866          .8            .8            .766 
REGBANKS       .833          .805          .777          .75           .694          .722 
NIFTY          .828          .828          .828          .828          .828          .828 
FINANCE        .827          .827          .817          .827          .827          .827 
BONDFUND       .819          .774          .738          .675          .612          .576 
MORNSTAR       .819          .857          .894          .857          .878          .903 
NASD-100       .817          .849          .838          .827          .806          .817 
COMPUTER       .8            .8            .8            .84           .84           .8 
FOOD           .8            .8            .8            .8            .8            .8 
SOFTWARE       .796          .796          .796          .796          .765          .75 
SEMI           .791          .816          .841          .816          .775          .783 
INSURANC       .789          .763          .71           .763          .763          .71 
SOLAR          .789          .789          .789          .789          .684          .736 
SP-100         .783          .793          .783          .752          .752          .773 
REIT           .776          .729          .791          .703          .713          .677 
SP500          .752          .773          .779          .748          .762          .775 
BEVERAGE       .75           .8            .85           .75           .65           .75 
RUS-1000       .742          .758          .776          .748          .756          .765 
INDEXES        .731          .743          .756          .743          .76           .764 
HACKERS        .722          .722          .722          .722          .722          .777 
HOMEBLDG       .722          .666          .722          .611          .611          .611 
CHINA          .718          .734          .718          .703          .703          .671 
ELECTRON       .706          .726          .757          .731          .711          .711 
COMODITY       .694          .708          .75           .68           .694          .722
Pct = 31 -4 
GAMING         .666          .7            .7            .7            .633          .7 
JETS           .666          .666          .666          .666          .666          .666 
MILITARY       .666          .755          .777          .755          .711          .688 
INDMATER       .62           .71           .73           .72           .75           .74 
CHEM           .591          .676          .661          .647          .647          .619 
BIOTECH        .56           .579          .618          .657          .642          .645 
AUTO           .55           .6            .625          .55           .55           .6 
TRANSP         .55           .65           .65           .65           .65           .75 
GREEN          .548          .516          .612          .58           .516          .548 
INFRA          .545          .727          .727          .727          .727          .727 
EDU            .5            .5            .5            .5            .375          .5 
COAL           .444          .555          .666          .666          .666          .555 
RETAIL         .375          .446          .446          .428          .392          .428 
OILGAS         .368          .375          .5            .431          .481          .512 



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

2/22/2017    Peerless Buy B4 tells us to expect DJI to still go high and likely much higher if it can
                    breakout above its price channel. 
The A/D Line, Hourly DISI-OBV, High-Priced DJI-13 and
                    ETFs' Closing Powers are all bullishly rising.  The high levels of Accumulation for the major
                    market ETFs give us confidence that there will be lots of big money coming in to support the
                    the continuation of the advance if there is a pullback here.  My favorite long positions remain
                    QQQ, TECL, FAS and BRZU.
 I would not add to them tomorrow.

                   
This is because there remains the problem of low NYSE Up Volume.  Another day like today where
                    NYSE Down Volume is greater than Up Volume by 230 million could bring another Peerless S9V.
 
                    But that remains to be seen.  So,  I would simply hold long positions and generally avoid the short side.  The V-Indicator
                    was +8 today and the DJI closed 2.6% above the 21-day ma.  A close DJI 2.4% above the 21-day ma with the V-I negative
                    could bring a new Sell S9-V if the P-Indicator weakens, too. (The V-I is the 21-day ma of 85% of Up Volume
                    minus 100% of Down Volume. )

                                               Numbers Being Dropped Off Affecting P-I and V-I

                                                                               Adv      Dec    Up Vol       Down Vol

                           
   Thurs - 1/24/2017                     2234    793    645 mil        215 mil
                               Friday - 1/25/2017                   1947   1080    609 mil        252  mil 

                            Note DJI's Buy B4 and rising NYSE A/D Line.



                        Note Hourly DJI's accelerating uptrend and confirming OBV-DISI Line.



                       Note DJIA-13's uptrends and confirming A/D Line

                 Note how SPY's Closing Power is rising and its current Accumulation (IP21)
                 remains very positive.



             


                Fed is cautious about raising rates despite Big Rise in Market
                NY TImes reports that a "core group" of Feds on Open Market Committee remain cautious about raising rates.
                A rise in rates in March is by no means a certainty.
                ( https://www.nytimes.com/2017/02/22/business/economy/federal-reserve-minutes.html?emc=edit_th_20170223&nl=todaysheadlines&nlid=58223894&_r=0    )


                  2/22/2017:     PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH   BRZU  Crude Oil   FAS  GLD    IBB  JETS  JJC JNUG  KOL  NUGT  OIH   OIL  
                              RSX   RETL   SLV   SOXL   TECL   TMF   TNA  UCO   VGK   WEAT  YINN

                             
To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  


                2/22/2017:       Bullish MAXCPs      Bearish MINCPs

                5 Stocks with IP21>.50 and FASTUP 5-day ma: 
                                        
 Pct up since 11/4 Election   IP21

                          SHLO                 +123%                       .52
                          MASI                  + 52%                        .53
                          ANET                  + 46%                       .50    
               These should get support at their 5-day ma and can be traded using their 5-day ma turns.     

2/22/2017  

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               2/22/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .955          .985          .97           .955          .955          .955 
DJI-13         .923          .923          .846          .923          .923          .923 
PIPELINE       .888          .888          .888          .888          .888          .888 
BIGBANKS       .857          .857          .857          .857          .857          .857 
HOSPITAL       .857          .857          .857          .857          1             .857 
MORNSTAR       .857          .894          .857          .878          .907          .873 
GOLD           .849          .886          .943          .924          .924          .924 
NASD-100       .849          .838          .827          .806          .817          .763 
UTILITY        .844          .911          .8            .822          .755          .777 
DOWJONES       .833          .866          .8            .8            .766          .766 
NIFTY          .828          .828          .828          .828          .828          .828 
FINANCE        .827          .817          .827          .827          .838          .827 
SEMI           .816          .841          .816          .775          .766          .733 
REGBANKS       .805          .777          .75           .694          .722          .75 
BEVERAGE       .8            .85           .75           .65           .75           .65 
COMPUTER       .8            .8            .84           .84           .8            .84 
FOOD           .8            .8            .8            .8            .8            .8 
SOFTWARE       .796          .796          .796          .765          .75           .75 
SP-100         .793          .783          .752          .752          .773          .762 
SOLAR          .789          .789          .789          .684          .736          .736 
BONDFUND       .774          .738          .675          .612          .567          .738 
SP500          .773          .779          .748          .762          .775          .756 
INSURANC       .763          .71           .763          .763          .71           .763 
RUS-1000       .758          .776          .748          .756          .768          .756 
MILITARY       .755          .777          .755          .711          .688          .688 
INDEXES        .739          .756          .743          .76           .752          .764 
CHINA          .734          .718          .703          .703          .671          .687 
REIT           .729          .791          .703          .713          .677          .703 
INFRA          .727          .727          .727          .727          .727          .818 
ELECTRON       .726          .757          .731          .711          .706          .68 
HACKERS        .722          .722          .722          .722          .777          .833 
INDMATER       .71           .73           .72           .75           .74           .72 
COMODITY       .708          .75           .68           .694          .736          .75 
GAMING         .7            .7            .7            .633          .7            .666 
CHEM           .676          .661          .647          .647          .619          .563
N = 35

HOMEBLDG       .666          .722          .611          .611          .611          .555 
JETS           .666          .666          .666          .666          .666          .666 
TRANSP         .65           .65           .65           .65           .75           .7 
AUTO           .6            .625          .55           .55           .6            .625 
BIOTECH        .579          .618          .661          .642          .645          .587 
COAL           .555          .666          .666          .666          .555          .555 
GREEN          .516          .612          .58           .516          .548          .451 
EDU            .5            .5            .5            .375          .5            .5 
RETAIL         .446          .446          .428          .392          .428          .428 
OILGAS         .375          .5            .431          .481          .512          .568 

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

2/21/2017    Peerless Buy B4 sent DJI soaring into all-time high ground where traders do not know
                    where to try to bunch orders to contain the stampede.  Goldman Sachs says this is an
                    irrational rally.  ( https://finance.yahoo.com/news/goldman-cognitive-dissonance-exists-in-the-us-stock-market-132336034.html )
                    This is SO "disingenuous"!  (! "
Not candid or sincere, typically by pretending that one knows less
                           about something than one really does.
)

                  
All we have to do know is recall the Republican bull market of 1925. See charts of 1924-1928. 
                   The common themes of this year was also much lower taxes, fewer regulations, natavism, tariffs,
                   no big jumps in interest rates and a Dow Jones Industrial Average running from one all-time
                   high to another, just like now.   Goldman Sachs knows full well. I think, that the stage is set for an
                   amazing bull market, provided Trump acts more like "Silent Cal" Coolidge and does not blow his
                   "horn" so much!  Is that possible?

                   The DJI is breaking out above the top of its 2000-point wide price channel.  Classic technical
                   analysis says that this set up a 2000 point higher upside target.  See Edwards and Magee,
                   "Technical Analysis of Stock Trends". 
                   ( https://www.amazon.com/Technical-Analysis-Trends-Robert-Edwards/dp/0814408648 )


            

                             
2/21/2017:       Bullish MAXCPs      Bearish MINCPs
        

                              
PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH   BRZU  Crude Oil   FAS  GLD    IBB  JETS  JJC JNUG  KOL  NUGT  OIH   OIL  
                              RSX   RETL   SLV   SOXL   TECL   TMF   TNA  UCO   VGK   WEAT  YINN

                             
To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  

                                               The Leaders keep attracting new buyers and
                                               no one knows where to sell in all-time high territory.
                                               Note their very high IP21s (current Accumulation Index).







 

  RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              2/21/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .985          .97           .955          .955          .955          .97 
DJI-13         .923          .846          .923          .923          .923          .923 
UTILITY        .911          .8            .822          .755          .777          .844 
MORNSTAR       .894          .857          .878          .907          .886          .878 
PIPELINE       .888          .888          .888          .888          .888          .888 
GOLD           .886          .924          .943          .924          .924          .943 
DOWJONES       .866          .8            .8            .766          .766          .766 
BIGBANKS       .857          .857          .857          .857          .857          .857 
HOSPITAL       .857          .857          .857          1             .857          .857 
BEVERAGE       .85           .75           .65           .75           .65           .65 
SEMI           .841          .816          .775          .766          .733          .725 
NASD-100       .838          .827          .806          .817          .763          .741 
NIFTY          .828          .828          .828          .828          .828          .771 
FINANCE        .817          .827          .827          .838          .849          .806 
COMPUTER       .8            .84           .84           .8            .84           .76 
FOOD           .8            .8            .8            .8            .8            .8 
SOFTWARE       .796          .796          .765          .75           .75           .703 
REIT           .791          .703          .713          .677          .713          .786 
SOLAR          .789          .789          .684          .736          .736          .736 
SP-100         .783          .752          .752          .773          .762          .752 
SP500          .78           .746          .761          .773          .759          .746 
MILITARY       .777          .755          .711          .688          .711          .733 
REGBANKS       .777          .75           .694          .722          .75           .694 
RUS-1000       .776          .748          .756          .768          .763          .752 
ELECTRON       .757          .731          .711          .706          .68           .685 
INDEXES        .752          .743          .76           .752          .764          .76 
COMODITY       .75           .68           .694          .736          .763          .736 
BONDFUND       .738          .675          .612          .567          .738          .864 
INDMATER       .73           .72           .75           .74           .72           .76 
INFRA          .727          .727          .727          .727          .818          .818 
HACKERS        .722          .722          .722          .777          .833          .777 
HOMEBLDG       .722          .611          .611          .611          .611          .666 
CHINA          .718          .703          .703          .671          .687          .734 
INSURANC       .71           .763          .763          .71           .789          .736 
GAMING         .7            .7            .633          .7            .666          .666 
N= 35
COAL           .666          .666          .666          .555          .555          .333 
JETS           .666          .666          .666          .666          .666          .666 
CHEM           .661          .647          .647          .619          .563          .577 
TRANSP         .65           .65           .65           .75           .7            .7 
AUTO           .625          .55           .55           .6            .625          .575 
BIOTECH        .618          .661          .645          .645          .587          .556 
GREEN          .612          .58           .516          .548          .451          .548 
EDU            .5            .5            .375          .5            .5            .625 
OILGAS         .5            .431          .481          .512          .581          .518 
RETAIL         .446          .428          .392          .428          .428          .357 


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

2/17/2017    A new Peerless Buy B4 today reverses 1-day S9V.  The Buy B4 can do this.  It tells us to
                    respect the market's momentum and it occurs because either the P-Indicator, the IP21 (Accum. Index)
                    or the OBVPct rises very quickly with the DJI also on a good run.  In our present case, the Buy B4
                    occurred because the OBVPct jumped quickly from below -.25 to above +.25.  This is the same
                    type of signal that occurred shortly after Trump's surprise victory.




                    There have been 6 previous Buy B4s of the type (3) showing quick advances by the OBVPct from
                    negative to very positive territory.  These were generally quite profitable.  Our most recent B4 has
                    key values similar to the previous cases, except that the V-I (NYSE Up Vol-Down Vol) is low and
                    the P-I (NYSE Adv-Decl) and 65-day price pct change is high.  Except for the war-time 1944
                    case, all the paper losses were small, under 1.7%.

                                     
                      Buy B4 type 3        LA/MA    P-I    IP21    V-I     OBVPct        DJI 65-day     Paper    Pct.Gain
                                                                                                                        Pct Change      Loss
                      ----------------------------------------------------------------------------------------------------------------
                      3/15/1944             1.023        123  .194     114     +.304            .043                 4.0%      19.5%
                      1/25/1954             1.023        139  .158     136     +.273            .064                 0.3%      61.3%
                      2/4/1954               1.020        159  .136     170     +.309            .072                 1.5%      60.0% 
                      10/16/1986           1.027          85  .108        8      +.272            .034                 1.7%      31.0%
                      11/21/2005           1.026        227  .108      108    +.329            .024                 1.4%       7.0%
                      11/29/2017           1.025        158  .120       14     +.257            .039                  none       7.8%

                      2/17/2017             1.024        320   .172        5     +.332            .093 
                                                                    (high)             (low)                      (high)


                    Today the major ETFs opened near their lows and closed at their highs.  Such
                    action gives a boost to our Closing Powers and causes the day's candle-stock to be big, blue
                    and bullish.   All three of the leading trading vehicles I mentioned last night did this and
                    ended up higher for the day.  QQQ also looked exceptionally strong today.  Compare the
                    regular Tiger chart of QQQ with is Candle-Stick chart.

                                                              Next Week?

                    We probably should consider not just the new numbers that will be added next week in
                    creating these indicators but also the numbers being dropped off from 21 trading days ago.
                    The numbers being dropped off as next week goes forth are mostly positive numbers.
                    This will cause the V-Indicator to drop back below 0 if NYSE Up and Volume are
                    mediocre.  Even so, this still may not cause a new Peerless Sell signal because
                    the software usually waits a week before it can produce a new Sell S9V.  But that
                    will depend on the exact numbers.                            
                                     
                                  Date That Will Be                      Data That Will Be Dropped Off
                                  Dropped Off in Creating            from 21-days Ago:
                                  21-day ma                                 Adv  Dec     Up Vol   Down Vol
                                  -------------------------          ------ ------   -------   -------------
                                  Tues -1/20/2017                      1892  1063    660        297
                                  Wed -1/23/2017                      1627  1358    297        444
                                  Thurs - 1/24/2017                    2234    793    645        215
                                  Friday - 1/25/2017                   1947   1080   609        252                

                                                         Conclusion       

                   So, as things stand now, I doubt if the DJI will pull back more than 1.7%, or 340 points,
                   before advancing again.  I say this because only in one case did the DJI fall by more than
                   1.7% when a Buy B4 (type 3) occurred before advancing significantly.  It should also be
                   noted that the Buy B4 is quite capable of bringing very big gains.  So, a clear penetration by
                   the DJI of its price channel resistance, as I mentioned earlier, may set up a vertical ascent
                   with a minimum objective of over 22000.  For now I would prefer to be long QQQ and
                   TECL.  These have already broken above nearly all resistance-lines in all-time high territory
                   and show high Accumulation with both Opening and Closing Power rising.
  

                                                 The Leaders Remain QQQ and TECL

           

 
                             
2/17/2017:       Bullish MAXCPs      Bearish MINCPs
        

                              
PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH   BRZU  Crude Oil   FAS  GLD    IBB  JETS  JJC JNUG  KOL  NUGT  OIH   OIL  
                              RSX   RETL   SLV   SOXL   TECL   TMF   TNA  UCO   VGK   WEAT  YINN

                             
To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  

 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
               2/17/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .97           .955          .955          .955          .97           .97 
GOLD           .924          .924          .943          .924          .943          .943 
PIPELINE       .888          .888          .888          .888          .888          .888 
BIGBANKS       .857          .857          .857          .857          .857          .714 
HOSPITAL       .857          .857          1             .857          .857          .857 
MORNSTAR       .857          .878          .907          .886          .878          .878 
DJI-13         .846          .923          .923          .923          .923          .923 
COMPUTER       .84           .84           .8            .84           .76           .72 
NIFTY          .828          .828          .828          .828          .771          .8 
FINANCE        .827          .827          .838          .849          .817          .774 
NASD-100       .827          .806          .817          .763          .741          .741 
SEMI           .816          .775          .766          .733          .733          .733 
DOWJONES       .8            .8            .766          .766          .766          .766 
FOOD           .8            .8            .8            .8            .8            .8 
UTILITY        .8            .822          .755          .777          .844          .844 
SOFTWARE       .796          .765          .75           .75           .703          .734 
SOLAR          .789          .684          .736          .736          .736          .736 
INSURANC       .763          .763          .71           .789          .763          .71 
MILITARY       .755          .711          .688          .711          .733          .688 
SP-100         .752          .752          .773          .762          .752          .752 
BEVERAGE       .75           .65           .75           .65           .65           .7 
REGBANKS       .75           .694          .722          .75           .722          .555 
RUS-1000       .748          .756          .768          .763          .755          .739 
SP500          .748          .762          .775          .76           .746          .731 
INDEXES        .743          .76           .752          .764          .76           .764 
ELECTRON       .731          .711          .706          .68           .685          .675 
INFRA          .727          .727          .727          .818          .818          .727 
HACKERS        .722          .722          .777          .833          .777          .722 
INDMATER       .72           .75           .74           .72           .78           .73 
CHINA          .703          .703          .671          .687          .734          .718 
REIT           .703          .713          .677          .713          .786          .781 
GAMING         .7            .633          .7            .666          .666          .633 
COMODITY       .69           .704          .746          .774          .732          .774 
BONDFUND       .675          .612          .567          .738          .855          .954 
N = 34

COAL           .666          .666          .555          .555          .444          .444 
JETS           .666          .666          .666          .666          .666          .666 
BIOTECH        .661          .645          .649          .587          .552          .548 
TRANSP         .65           .65           .75           .7            .7            .65 
CHEM           .647          .647          .619          .563          .591          .577 
HOMEBLDG       .611          .611          .611          .611          .722          .666 
GREEN          .58           .516          .548          .451          .548          .516 
AUTO           .55           .55           .6            .625          .575          .575 
EDU            .5            .375          .5            .5            .625          .5 
OILGAS         .431          .481          .512          .581          .543          .556 
RETAIL         .428          .392          .428          .428          .357          .41 



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

2/16/2017

                  Peerless gave a new Sell S9-V Signal today.  The DJI closed 2.6% over the
                  21-day ma with our V-Indicator Negative.  At the same time breadth deteriorated
                  and the P-Indicator fell significantly.  It is probably time to take profits and wait to
                  see what happens next. 

                  There have been 11 earlier cases (1965-2016) where a Sell S9V occurred in a bull market
                  environment.  In these cases the DJI came close to the upper band with the V-Indicator was negative
                  but the P-I and IP21 (current Accum) were positive.  The average decline by the DJI at the time
                  of the next Peerless Buy was 6.6%.  There was one small loss, -1.2%.  See the study of Sell S9Vs here.

                  There is still a chance that the DJI will break out above its rising channel resistance-line.  But that
                  remains to be seen.  Most likely, the DJI will simply pullback towards 20000, regroup and attack
                  the upside again.  The Closing Power trendlines and 5-day moving average - pivot points are so far
                  below, I would prefer simply to take profits here rather than wait for the se trendlines and pivot-points
                  to be violated.


                               Trump's impromptu news conference created more problems and doubts.  Many Republicans
                               would prefer that he sit quietly in the White House and carry through on his domestic program.  That
                               is not something this President is willing to do. At the same time, the US and Russian are escalating
                               their war games.  Let's watch to see what Professionals do with DIA and the other ETFs. 
                               Tiger's Closing Power is similar to the pink bars that appear in candle-stock charts, except
                               that our indicator is cumulative rather than presented daily.  Closes below the openings now
                               would be bearish.  Watch XIV, AAPL and GS.  These are the leaders now.



 

                     

------------------------------  TO REGULARLY UPDATED CHARTS --------------------------------

                                 
2/16/2017:       Bullish MAXCPs      Bearish MINCPs
        

                              
PEERLESS DJI Signals, Indicators       DJI-13    Hourly DJIA     A/D Line-6000 Stocks
                              S&P    OEX    NYSE    NASDAQ  COMPQX with Closing Power
                              DIA   SPY   QQQ    MDY    IWM 
 
                              Short Term Interest Rates    DJI-Utilities      DJI-Transp       

                              BBH   BRZU  Crude Oil   FAS  GLD    IBB  JETS  JJC JNUG  KOL  NUGT  OIH   OIL  
                              RSX   RETL   SLV   SOXL   TECL   TMF   TNA  UCO   VGK   WEAT  YINN

                             
To STOCKS    
                              AAPL  ADBE  AMZN   BIDU     CAT    FB  GILD  GOOG   GS  IBM  JPM   MSFT   NVDA 
 
                              REN   TEVA  TMF   TXN  
 

 RANKING OF KEY DIRECTORIES BASED PCT.OF STOCKS ABOVE 65-DMA
              2/16/17
---------------------------------------------------------------------------------------
Directory     Current       day-1         day-2         day-3         day-4         day-5
----------------------------------------------------------------------------------------
ETFS           .955          .955          .955          .97           .97           .97 
GOLD           .924          .924          .943          .943          .943          .924 
PIPELINE       .888          .888          .888          .888          .888          .888 
MORNSTAR       .878          .907          .886          .878          .878          .848 
BIGBANKS       .857          .857          .857          .857          .714          .714 
HOSPITAL       .857          1             .857          .857          .857          .857 
COMPUTER       .84           .8            .84           .76           .72           .72 
NIFTY          .828          .828          .828          .771          .8            .742 
FINANCE        .827          .838          .849          .817          .795          .763 
UTILITY        .822          .755          .777          .844          .844          .777 
NASD-100       .806          .817          .763          .741          .741          .752 
OILGAS         .806          .817          .763          .741          .741          .752 
DOWJONES       .8            .766          .766          .766          .766          .7 
FOOD           .8            .8            .8            .8            .8            .8 
SEMI           .775          .766          .733          .733          .733          .708 
SOFTWARE       .765          .75           .75           .703          .734          .718 
INSURANC       .763          .71           .789          .763          .736          .71 
SP500          .762          .775          .76           .746          .738          .69 
INDEXES        .76           .752          .764          .76           .768          .752 
RUS-1000       .756          .768          .763          .755          .747          .705 
SP-100         .752          .773          .762          .752          .752          .701 
INDMATER       .75           .74           .72           .78           .75           .7 
INFRA          .727          .727          .818          .818          .818          .636 
HACKERS        .722          .777          .833          .777          .722          .777 
REIT           .713          .677          .713          .786          .786          .713 
ELECTRON       .711          .706          .68           .685          .68           .659 
MILITARY       .711          .688          .711          .733          .688          .644 
CHINA          .707          .676          .692          .738          .723          .676 
COMODITY       .704          .746          .774          .732          .774          .774 
REGBANKS       .694          .722          .75           .722          .583          .5 
SOLAR          .684          .736          .736          .736          .736          .473
N = 31
 
COAL           .666          .555          .555          .444          .555          .555 
JETS           .666          .666          .666          .666          .666          .666 
BEVERAGE       .65           .75           .65           .65           .7            .65 
TRANSP         .65           .75           .7            .7            .65           .6 
CHEM           .647          .619          .563          .591          .577          .521 
BIOTECH        .645          .649          .591          .552          .56           .544 
GAMING         .633          .7            .666          .666          .633          .6 
BONDFUND       .612          .567          .738          .855          .936          .945 
HOMEBLDG       .611          .611          .611          .722          .666          .666 
AUTO           .55           .6            .625          .575          .575          .55 
GREEN          .516          .548          .451          .548          .516          .451 
RETAIL         .392          .428          .428          .357          .41           .339 
EDU            .375          .5            .5            .625          .5            .625