TigerSoft and Peerless Daily Hotline  
   
(C) 1985-2015 William Schmidt, Ph.D.  www.tigersoft.com    
                  All rights strictly reserved.  

     Tiger Software  858-273-5900   
PO Box 22784   San Diego, CA 92192 Email william_schmidt@hotmail.com  
------------------------------------------------------------------------------------------------------------------
         6/25/2015    DJI's Internal Weakness Predicts Another Key Test of 17700.
         But 17700 Seems Likely To Hold if it can remain above that level for
         a few more trading days. The Bullish seasonal period just before and
         after July 4th should help the markets, especially IWM and IBB.

                I  have talked a lot about how bearish the DJI's internals are becoming.

                  1)  The DJI's Accumulation Index has remained negative or nearly negative
                  every day for the last 3 months.  (See DJI's "Data" chart).
               
                  2) The declining NYSE A/D Line trend shows the abundant selling
                  in bonds, REITs, and the majority of dividend stocks. 



                  3) There now exists a truly terrible-looking bearish divergence between the
                  Hourly DJI and its Hourly DISI/OBV Line.  Selling is becoming increasingly
                  aggressive.  (See DJI's Hourly chart).


                  
 
                  4. Professionals are still selling and shorting DIA, the ETF for the DJI-30;
                  its Closing Power trend is pointing down and it is in negative territory.
.

                   5.    Only 36.7% of the individual DJI stocks are above their 65-dma support.
                          So 63.3% of them are positioned to now face keen resistance if they should rally
                          back up to their 65-dma.                
 
                                                Tiger's New Charting Tool:
                            The Percentage of all stocks above the support of the 65-dma.

                             The oscillator above shows that 50% of all stocks are still
                             below the resistance of their 65-dma  The downtrendline of the last
                             6 weeks has been broken. 
                                   
                                        6/25/2015              
                                        Index/Sector        Pct.of Stocks
                                                                  above 65-dma.
                                                                 today .... yesterday  
                                        --------------------------------------
                                        DJI                  36.7%........40%
                                        SP-500           44.0% ........44.6%
                                        QQQ              48.0% ........ 49.0%
                                        Russell-1000   45.6% ........ 47.0%
                                        All Stocks       45.1% ........  47.1%

                               Will The DJI Break Below Its 17700 Support?     
                                                       
                  A lot depends on highest priced DJI stocks that are at support, either
                  their 65-dma or at the well-tested support-lows of the last 6 months, or so.
                  We should watch these closely.

                  AAPL (127.5) is at its 65-dma but shows an IP21 of - .187 and a Closing Power
                  that keeps making new lows ahead of price.

                  HD ( 112.24)  is at its 65-dma.  Its Accum. Index has been negative
                  for 3 months and is now at -.199.

                  MCD (95.79)  is at its 65-dma.  Its Accum. Index is now a very
                  negative -.434

                  MMM (155.92) is testing lows/6-month support.  Its Accum. Index (IP21)
                  is a weak-looking -.313.

                  TRV (97.81) is testing its 65-dma support.  Its Accum. Index (IP21)
                  is -.28.

                  UTX ( 113.3) is testing its 5-month lows/support.  Its IP21= -.139

                  With 6 high-priced DJI stocks at key support and also showing weak
                  internals, I would stay short DIA.  On the long-side. there are still
                  many attractive Bullish MAXCPs.  This suggests we should hold
                  long IWM and IBB so long as their Closing Powers stay above their
                  21-day ma.  Seasonality remains weak until just before next week-end.
                  It then turns bullish.  If the DJI can hold above 17700 until next Wednesday,
                  there should then be a good rebound back up to the 17250-17300 resistance.


                                                 Hold Long IWM and IBB.