Market Breadth: With this week’s sharp market rise, our Bull/Bear Point and Figure Ratio rose from 0.62 to 1.07, over the 1.0 threshold back into bullish territory. The total count of securities in bullish or bearish patterns decreased 2% to 1388. The count of bearish stocks decreased 24%, while the count of stocks in bullish patterns increased by 32%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market jumping back into bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) increased for the sixth time in the last nineteen weeks, rising 51 points. At -521, it continues below the February 2010 bottom, below all 2008 tops and the November 2009 bottom.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with two (2) Accumulation days and two (2) Distribution days in the last two weeks. The previous week ended in Accumulation mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, the DOW (DIA) ended the week in Accumulation mode while the S&P (SPY) ended in neither Accumulation nor Distribution mode.
Momentum: The CCI(20) shot upwards thsi week from -100 to nearlt +100. We have two days with the CCI(20) above zero. With 4 more consecutively, we will have a change of trend –as defined by Woodie’s CCI trading system– at Thursday 9/8 close.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend seven weeks ago. The Daily CCI(20) began a Woodie’s downtrend two weeks ago, but appears ready to shift to an uptrend.
Entry for the weekly chart ZLR Short signal was at Monday 8/16 open. This week the CCI(20) rose after hitting -100 the week prior. We exit the trade at Monday 9/6 open and will report the results in next week’s commentary.
Industry Rotation the last two weeks: All of the top five and bottom five industries are positive. Bullish: REITs (DJR) has entered and leads the top five. Banks (BKX) has left the bottom five. Bearish: Semis (SOX) has entered and leads the bottom five. Oil (XOI) has left the bottom five. Networkers (NWX) has left the top five. Gold and Silver ($XAU) remains in the top five. Computer Tech (XCI) and Brokers (XBD) are in the bottom five.
Market Breadth: With this week’s market decline, our Bull/Bear Point and Figure Ratio fell from 0.79 to 0.62, dropping further into bearish territory. The total count of securities in bullish or bearish patterns increased 10% to 1493. The count of bearish stocks increased 22%, while the count of stocks in bullish patterns decreased by 5%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market moving deeper into bearish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) decreased for the thirteenth time in the last eighteen weeks, losing 182 points. At -572, it has now broken below the February 2010 bottom and continues below 2008 tops and the November 2009 bottom.
This week the Nasdaq Composite Index ended the week in Accumulation mode with three (3) Accumulation day and two (2) Distribution days in the last two weeks. The previous week ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, both the S&P (SPY) and the DOW (DIA) ended the week in Accumulation mode.
Momentum: We continue to await a zero line reject (ZLR) short signal in the +/-50 range.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend six weeks ago. The Daily CCI(20) aa Woodie’s downtrend one week ago.
Entry for the weekly chart ZLR Short signal was at Monday 8/16 open. The CCI(20) continued downward last week and this. We will continue to follow this trade in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom five are negative. Bullish: Networkers (NWX) has entered the top five. Oil (XOI) remains in the bottom five. Semis (SOX) has left the bottom five. Bearish: Gold and Silver ($XAU) continues to lead the top five. Banks (BKX) remains in the bottom five. Oil Services (OSX) has left the bottom five.
Focus this week: Wise investment advice from Catherine Austin Fitts who served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer. Fitts is now the president of Solari, Inc., and managing member of Solari Investment Advisory Services, LLC. Her advice: Join the Pro-decentralization Team. Unite against the Central Banking Warfare model. Tithe to fund local food coops.
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Market Breadth: With this week’s fractional market rise, our Bull/Bear Point and Figure Ratio fell from 0.90 to 0.79, dropping further into bearish territory. The total count of securities in bullish or bearish patterns increased 6% to 1294. The count of bearish stocks increased 12%, while the count of stocks in bullish patterns decreased by 1%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market continuing to move back into bearish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) decreased for the twelfth time in the last seventeen weeks, losing 92 points. At -390, it has now broken back below 2008 tops and the November 2009 bottom, but remains above the February 2010 bottom.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with two (2) Accumulation day and four (4) Distribution days in the last two weeks. The previous week ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, both the S&P (SPY) and the DOW (DIA) ended the week in neither Accumulation nor Distribution mode.
Momentum: The CCI(20) has now been below -100 for over 6 days giving us a change of Woodie’s trend at Wednesday close as we expected. We await a zero line reject (ZLR) short signal in the +/-50 range.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend six weeks ago. The Daily CCI(20) aa Woodie’s downtrend this week.
Entry for the weekly chart ZLR Short signal was at Monday 8/16 open. The CCI(20) continued downward this week. We will continue to follow this trade in next week’s commentary.
Industry Rotation the last two weeks: Only one of the top five industries is positive, and all the bottom-most are negative. Bullish: Oil Services (OSX) and Oil (XOI) have entered the bottom five. Computer Hardware (HWI) and Disk Drives (DDX) have left the bottom five. Bearish: Gold and Silver ($XAU) continues to lead the top five. Banks (BKX) and Semis (SOX) remain in the bottom five.
Focus this week: Would you have been better off holding gold, silver or U.S. dollars for the last year? As the chart below shows, you would have been better off by 25% holding either gold or silver.
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Market Breadth: With this week’s steep market decline, our Bull/Bear Point and Figure Ratio fell from 1.62 to 0.90, dropping back into bearish territory. The total count of securities in bullish or bearish patterns decreased 11% to 1221. The count of bearish stocks increased 23%, while the count of stocks in bullish patterns decreased by 32%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market reverting back into bearish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) decreased for the eleventh time in the last sixteen weeks, losing 122 points. At -298, it has now broken back below 2008 tops, but remains above the February 2010 and November 2009 bottoms.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with one (1) Accumulation day and four (4) Distribution days in the last two weeks. The previous week ended in Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, both the S&P (SPY) and the DOW (DIA) ended the week in neither Accumulation nor Distribution mode.
Momentum: The CCI(20) is now below -100 with 3 days below zero.We expect a change of Woodie’s trend at Wednesday close in the coming week.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend five weeks ago. The Daily CCI(20) an up trend three weeks ago, but appears to be headed for a change of Woodie’s trend next week.
We received the ZLR reject Short entry signal we anticipated last week. Trade entry is at Monday 8/16 open. We will begin following the result of this trade in next week’s commentary.
Industry Rotation the last two weeks: Only two of the top five industries are positive, and all the bottom-most are negative. Bullish: Oil Services (OSX) and Oil (XOI) have left the top five. Networkers (NWX) has left the bottom five. Bearish: Gold and Silver ($XAU leads the top five. Brokers (XBD) has left the top five. Compuer Hardware (HWI) and Banks (BKX) have entered the bottom five. DiskDrives (DDX) and Semis (SOX) remain in the bottom five.
Market Breadth: With this week’s rise, our Bull/Bear Point and Figure Ratio rose from 1.43 to 1.62, advancing further into bullish territory. The total count of securities in bullish or bearish patterns increased 9% to 1367. The count of bearish stocks increased 1%, while the count of stocks in bullish patterns increased by 15%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market regaining bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) increased for the fifth time in the last fifteen weeks, gaining 162 points. At -176, it has now broken above 2008 tops, as well as the February 2010 and November 2009 bottoms.
This week the Nasdaq Composite Index ended the week in Distribution mode with three (3) Accumulation days and two (2) Distribution days in the last two weeks. The previous week ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, both the S&P (SPY) and the DOW (DIA) ended the week in Distribution mode.
Momentum: The CCI(20) turned back upwards without dropping below the +50 range, so did not give us a valid ZLR (Zero Line Reject) symbol. The CCI(20) is now at +62.24, not yet within range for a ZLR Long entry signal.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend four weeks ago. The Daily CCI(20) an up trend two weeks ago.
The CCI(20) rose again this week and remains within the +/-50 range. Again we anticipate a possible ZLR reject Short entry signal if the market declines next week.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom-most are negative. Bullish: Brokers (XBD) has entered the top five. Compuer Hardware (HWI) has left the bottom five. Bearish: DiskDrives (DDX), Semis (SOX), and Networkers (NWX) remain in the bottom five. Oil Services (OSX) and Oil (XOI) have entered the top five. REITs (DJR) has left the top five.
Bob Chapman on The Alex Jones Show gives his usual insightful 1-2 year long view of the economy as influenced by geopolitics and the international banking cartel.
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Market Breadth: With this week’s fractional decline, our Bull/Bear Point and Figure Ratio rose from 0.86 to 1.43, advancing into bullish territory. The total count of securities in bullish or bearish patterns decreased 3% to 1251. The count of bearish stocks decreased 30%, while the count of stocks in bullish patterns increased by 33%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market entering bullish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) increased for the fourth time in the last fourteen weeks, gaining 247 points. At -338, it continues below 2008 and 2009 tops, but has now broken above the February 2010 and November 2009 bottoms.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with three (3) Accumulation days and three (3) Distribution days in the last two weeks. The previous week ended in Accumulation mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, the S&P (SPY) ended the week in neither Accumulation nor Distribution mode, while the DOW (DIA) ended in Accumulation mode.
Momentum: with the CCI(20) giving a ZLR (Zero Line Reject) Long entry signal within the +/-50 range, we entered a Long trade at Wednesday 7/19 open. Our exit signal came at close on Wednesday 7/28 when the CCI(20) dropped back below +100. The result of this trade was a gain of 93.26 points on the Nasdaq Composite or $1.83 per share of QQQQ.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend three weeks ago. The Daily CCI(20) an up trend a week ago.
With the CCI(20) within the +/-50 range, we anticipate a possible ZLR reject Short entry signal if the market declines next week.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom-most are negative. Bullish: REITs (DJR) has enered teh top five. Banks (BKX) have left the bottom five. Bearish: DiskDrives (DDX), Semis (SOX), and Compuer Hardware (HWI), and Networkers (NWX) have entered the bottom five. Networkers (NWX) and Internet-IW (IIX) have left the top five. Gold & Silver (XAU) has left the bottom five.
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Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio incresed from 0.57 to 0.86, still in bearish territory, but close to bullish. The total count of securities in bullish or bearish patterns increased 9% to 1289. The count of bearish stocks decreased 8%, while the count of stocks in bullish patterns increased by 40%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market in bearish territory but approaching bullish. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) increased for the third time in the last twelve weeks, gaining 111 points. At -585, it continues below 2008 and 2009 tops.
This week the Nasdaq Composite Index ended the week in Accumulation mode with five (5) Accumulation days and two (2) Distribution days in the last two weeks. The previous week ended in Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, both the S&P (SPY) and the DOW (DIA) ended the week in neither Accumulation mode.
Momentum: At Wednesday 6/20 close, the CCI(20) had registered 6 days below zero beginning a Woodie’s down trend. At Thursday 7/15 close, we had a ZLR (Zero Line Reject) Short entry signal within the +/-50 range. On Monday 7/19 close we had an exit signal when the CCI(20) leveled off. The result of this trade was a gain of 66.36 points on the Nasdaq Composite or $1.44 per share of QQQQ. At Tuesday 7/18 close we have 6 days of the CCI(20) above zero and a ZLR Long entry. The CCI(20) increased for the next two days. We will continue to follow the results of this trade in next week’s commentary.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend two weeks ago. The Daily CCI(20) began a down trend two weeks ago and began an uptrend this week.
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) broke above -100 this week, so we exited the trade at Monday 7/19 open. The result was a gain of 41.62 points on the Nasdaq Composite or $0.80 per share of QQQQ.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom five are negative. Bullish: Networkers (NWX) and Internet-IW (IIX) has entered the top five. Gold & Silver (XAU) remains in the bottom five. Oil (XOI) has left the top five and S&P Retail (RLX) has left the bottom five. Bearish: Banks (BKX) leads the bottom five. DiskDrives (DDX) has left the top five.
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Market Breadth: With this week’s fractional decline, our Bull/Bear Point and Figure Ratio rose from 0.36 to 0.57, still in bearish territory. The total count of securities in bullish or bearish patterns decreased 10% to 1178. The count of bearish stocks decreased 22%, while the count of stocks in bullish patterns increased by 22%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market remaining in bearish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) increased for the second time in the last eleven weeks, gaining 106 points. At -696, it continues below 2008 and 2009 tops.
This week the Nasdaq Composite Index ended the week in Distribution mode with three (3) Accumulation days and two (2) Distribution days in the last two weeks. The previous week ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, the S&P (SPY) ended the week in neither Accumulation nor Distribution mode, while the DOW (DIA) ended in Distribution mode.
Momentum: At Wednesday 6/20 close, the CCI(20) had registered 6 days below zero beginning a Woodie’s down trend. At Thursday 7/15 close, we had a ZLR (Zero Line Reject) Short entry signal within the +/-50 range. We will follow the results of this trade simulation in next week’s commentary.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend a week ago week. The Daily CCI(20) a down trend a week ago.
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) broke above -100 this week, so we exit the trade at Monday 7/19 open. We will report the results of this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and only the bottom-most of the bottom five is negative. Bullish: DiskDrives (DDX) has entered the top five. Gold & Silver (XAU) remains in the bottom five. Oil Services (OSX) has left the top five Bearish: Oil (XOI) remains in the top five and S&P Retail (RLX) remains in the bottom five.
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Market Breadth: With this week’s market rise, our Bull/Bear Point and Figure Ratio rose from 0.27 to 0.36, still in strongly bearish territory. The total count of securities in bullish or bearish patterns decreased 10% to 1312. The count of bearish stocks decreased 16%, while the count of stocks in bullish patterns increased by 14%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market remaining in bearish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) decreased for nine of the last ten weeks, losing 37 points. At -802, it continues below 2008 and 2009 tops.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with two (2) Accumulation days and two (2) Distribution days in the last two weeks. The previous week also ended in neither Accumulation nor Distribution mode. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, the S&P (SPY) ended the week in Accumulation mode, while the DOW (DIA) ended in neither Accumulation nor Distribution mode.
Momentum: At Wednesday 6/20 close, the CCI(20) had registered 6 days below zero beginning a Woodie’s down trend. With the CCI(20) at -25.59, we now await a Short entry signal.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend a week ago week. The Daily CCI(20) a down trend a week ago.
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) rose this week, but remains below -100, so we stay in the trade. We will continue to follow the results of this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom five are negative. Bullish: Gold & Silver (XAU) has left the top five and entered the bottom five. REITs (DJR) have left the bottom five. Bearish: Oil Services (OSX) and Oil (XOI) lead the top five. S&P Retail (RLX) has entered the bottom five.
Focus this week: Has the market bottomed and is it now headed back up or are we seeing a short bear market rally before the market resumes its downward course? One way to answer that question is to use a contrarian market sentiment indicators such as Market Harmonics Nasdaq Sentiment Indicator. It does appear that high bearish sentiment within the last few weeks was a contrary indicator for the current market rise. Although sentiment is now only slightly bearish, we note that in the past, bearish sentiment as strong as it was recently has tended to rise to significantly bullish before reversing and giving indication of a market top.
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Market Breadth: With this week’s market decline, our Bull/Bear Point and Figure Ratio fell from 0.71 to 0.27, into strongly bearish territory. The total count of securities in bullish or bearish patterns increased 43% to 1460. The count of bearish stocks in increased 93%, while the count of stocks in bullish patterns decreased by 28%. The Sand 2 Pirls P&F Market Breadth Summary Chart shows us a market back in bearish territory. Paid subscribers have access to the Excel data from which the image to the left is built.
The well known market breadth indicator, the Nasdaq McClellan Summation Index (NASI) decreased for eight of the last nine weeks, losing 211 points. At -764, it continues below 2008 and 2009 tops.
This week the Nasdaq Composite Index ended the week in neither Accumulation nor Distribution mode with two (2) Accumulation days and two (2) Distribution days in the last two weeks. The previous week Volume Analysis was not available. (Accumulation days are counted when the index closes up on higher volume than the prior day while Distribution days occur when the index closes down on volume higher than the prior market day.) Of the other indexes, both the DOW (DIA) and the S&P (SPY) ended the week in neither Accumulation nor Distribution mode.
Momentum: On Monday 6/21 we had 6 days of the CCI(20) over zero, beginning a Woodie’s up trend. But by Wednesday 6/20 without a Long trade signal, the CCI(20) had registered 6 days below zero. So, we now await a Short entry signal.
In Woodie’s CCI trading system, six consecutive bars above or below zero are required for a change of trend. The weekly CCI(20) of the Nasdaq Composite Index began a downtrend last week. The Daily CCI(20) began an up trend last week and a down trend this week.
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) continued downwards this week. We will continue to follow the results of this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top and bottom five industries are negative. Bullish: Gold & Silver (XAU) has entered the top five. S&P Retail (RLX) has left the bottom five. Bearish: Disk Drives (DDX) and Semis (SOX) have left the top five. REITs (DJR) have entered the bottom five.
Focus this week: We view Point and Figure (PnF) charts as a important confirmation of market direction using a 2% 3 box reversal setting. This week a 2% 3 box reversal PnF chart of the Nasdaq Composite Index gave a Triple Bottom Breakdown pattern. This doesn’t mean that the market can’t or wont reverse, in fact a bounce from last week’s drop seems likely. But is does make a quick re-establishment of an upward trend less likely than continuation of the current downward move.
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Momentum: The CCI(20) shot upwards thsi week from -100 to nearlt +100. We have two days with the CCI(20) above zero. With 4 more consecutively, we will have a change of trend –as defined by Woodie’s CCI trading system– at Thursday 9/8 close.$COMPQ.JPG)
Entry for the weekly chart ZLR Short signal was at Monday 8/16 open. This week the CCI(20) rose after hitting -100 the week prior. We exit the trade at Monday 9/6 open and will report the results in next week’s commentary.
Industry Rotation the last two weeks: All of the top five and bottom five industries are positive. Bullish: REITs (DJR) has entered and leads the top five. Banks (BKX) has left the bottom five. Bearish: Semis (SOX) has entered and leads the bottom five. Oil (XOI) has left the bottom five. Networkers (NWX) has left the top five. Gold and Silver ($XAU) remains in the top five. Computer Tech (XCI) and Brokers (XBD) are in the bottom five.
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Momentum: We continue to await a zero line reject (ZLR) short signal in the +/-50 range.$COMPQ.JPG)
Entry for the weekly chart ZLR Short signal was at Monday 8/16 open. The CCI(20) continued downward last week and this. We will continue to follow this trade in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom five are negative. Bullish: Networkers (NWX) has entered the top five. Oil (XOI) remains in the bottom five. Semis (SOX) has left the bottom five. Bearish: Gold and Silver ($XAU) continues to lead the top five. Banks (BKX) remains in the bottom five. Oil Services (OSX) has left the bottom five.$COMPQ.JPG)
Momentum: The CCI(20) has now been below -100 for over 6 days giving us a change of Woodie’s trend at Wednesday close as we expected. We await a zero line reject (ZLR) short signal in the +/-50 range.$COMPQ.JPG)
Entry for the weekly chart ZLR Short signal was at Monday 8/16 open. The CCI(20) continued downward this week. We will continue to follow this trade in next week’s commentary.
Industry Rotation the last two weeks: Only one of the top five industries is positive, and all the bottom-most are negative. Bullish: Oil Services (OSX) and Oil (XOI) have entered the bottom five. Computer Hardware (HWI) and Disk Drives (DDX) have left the bottom five. Bearish: Gold and Silver ($XAU) continues to lead the top five. Banks (BKX) and Semis (SOX) remain in the bottom five. 
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Momentum: The CCI(20) is now below -100 with 3 days below zero.We expect a change of Woodie’s trend at Wednesday close in the coming week.$COMPQ.JPG)
We received the ZLR reject Short entry signal we anticipated last week. Trade entry is at Monday 8/16 open. We will begin following the result of this trade in next week’s commentary.
Industry Rotation the last two weeks: Only two of the top five industries are positive, and all the bottom-most are negative. Bullish: Oil Services (OSX) and Oil (XOI) have left the top five. Networkers (NWX) has left the bottom five. Bearish: Gold and Silver ($XAU leads the top five. Brokers (XBD) has left the top five. Compuer Hardware (HWI) and Banks (BKX) have entered the bottom five. DiskDrives (DDX) and Semis (SOX) remain in the bottom five. 
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Momentum: The CCI(20) turned back upwards without dropping below the +50 range, so did not give us a valid ZLR (Zero Line Reject) symbol. The CCI(20) is now at +62.24, not yet within range for a ZLR Long entry signal.$COMPQ.JPG)
The CCI(20) rose again this week and remains within the +/-50 range. Again we anticipate a possible ZLR reject Short entry signal if the market declines next week.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom-most are negative. Bullish: Brokers (XBD) has entered the top five. Compuer Hardware (HWI) has left the bottom five. Bearish: DiskDrives (DDX), Semis (SOX), and Networkers (NWX) remain in the bottom five. Oil Services (OSX) and Oil (XOI) have entered the top five. REITs (DJR) has left the top five. 
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Momentum: with the CCI(20) giving a ZLR (Zero Line Reject) Long entry signal within the +/-50 range, we entered a Long trade at Wednesday 7/19 open. Our exit signal came at close on Wednesday 7/28 when the CCI(20) dropped back below +100. The result of this trade was a gain of 93.26 points on the Nasdaq Composite or $1.83 per share of QQQQ.$COMPQ.JPG)
With the CCI(20) within the +/-50 range, we anticipate a possible ZLR reject Short entry signal if the market declines next week.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom-most are negative. Bullish: REITs (DJR) has enered teh top five. Banks (BKX) have left the bottom five. Bearish: DiskDrives (DDX), Semis (SOX), and Compuer Hardware (HWI), and Networkers (NWX) have entered the bottom five. Networkers (NWX) and Internet-IW (IIX) have left the top five. Gold & Silver (XAU) has left the bottom five. 
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Momentum: At Wednesday 6/20 close, the CCI(20) had registered 6 days below zero beginning a Woodie’s down trend. At Thursday 7/15 close, we had a ZLR (Zero Line Reject) Short entry signal within the +/-50 range. On Monday 7/19 close we had an exit signal when the CCI(20) leveled off. The result of this trade was a gain of 66.36 points on the Nasdaq Composite or $1.44 per share of QQQQ. At Tuesday 7/18 close we have 6 days of the CCI(20) above zero and a ZLR Long entry. The CCI(20) increased for the next two days. We will continue to follow the results of this trade in next week’s commentary.$COMPQ.JPG)
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) broke above -100 this week, so we exited the trade at Monday 7/19 open. The result was a gain of 41.62 points on the Nasdaq Composite or $0.80 per share of QQQQ.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom five are negative. Bullish: Networkers (NWX) and Internet-IW (IIX) has entered the top five. Gold & Silver (XAU) remains in the bottom five. Oil (XOI) has left the top five and S&P Retail (RLX) has left the bottom five. Bearish: Banks (BKX) leads the bottom five. DiskDrives (DDX) has left the top five. 
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Momentum: At Wednesday 6/20 close, the CCI(20) had registered 6 days below zero beginning a Woodie’s down trend. At Thursday 7/15 close, we had a ZLR (Zero Line Reject) Short entry signal within the +/-50 range. We will follow the results of this trade simulation in next week’s commentary.$COMPQ.JPG)
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) broke above -100 this week, so we exit the trade at Monday 7/19 open. We will report the results of this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and only the bottom-most of the bottom five is negative. Bullish: DiskDrives (DDX) has entered the top five. Gold & Silver (XAU) remains in the bottom five. Oil Services (OSX) has left the top five Bearish: Oil (XOI) remains in the top five and S&P Retail (RLX) remains in the bottom five. $COMPQ.JPG)
Momentum: At Wednesday 6/20 close, the CCI(20) had registered 6 days below zero beginning a Woodie’s down trend. With the CCI(20) at -25.59, we now await a Short entry signal.$COMPQ.JPG)
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) rose this week, but remains below -100, so we stay in the trade. We will continue to follow the results of this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top five industries are positive, and all the bottom five are negative. Bullish: Gold & Silver (XAU) has left the top five and entered the bottom five. REITs (DJR) have left the bottom five. Bearish: Oil Services (OSX) and Oil (XOI) lead the top five. S&P Retail (RLX) has entered the bottom five.
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Momentum: On Monday 6/21 we had 6 days of the CCI(20) over zero, beginning a Woodie’s up trend. But by Wednesday 6/20 without a Long trade signal, the CCI(20) had registered 6 days below zero. So, we now await a Short entry signal.$COMPQ.JPG)
On Friday 6/25 we had six weeks of the CCI(20) below zero with the CCI(20) giving a ZLR (Zero Line Reject) short entry signal. The CCI(20) continued downwards this week. We will continue to follow the results of this trade simulation in next week’s commentary.
Industry Rotation the last two weeks: All of the top and bottom five industries are negative. Bullish: Gold & Silver (XAU) has entered the top five. S&P Retail (RLX) has left the bottom five. Bearish: Disk Drives (DDX) and Semis (SOX) have left the top five. REITs (DJR) have entered the bottom five. $COMPQ.JPG)
