Recently I've been following the VIX and its 1- and 5-month futures to see if there is a predictive correlation; still too early,but last week the 1-month hit a new % low (lower VIX usually means a calmer (UP market).Starting this week I shall add it to the Indicators and let readers be the judge.
Breadth is very strong (Advance/ Decline and New Highs), but in a rather overbought zone - Bullish % at 84, McClellan Summation in the +1200s.
Next week's blog will be abbreviated and early, due to a Contrarian vacation after the crowds have left the California seashores.
Here are the numbers from last week:
| MktSentiment | 9/11/2009 | Prev. Week | 5Yr.HI | LOW |
| DJIA | 9605 | 9441 | 14093 | 6626 |
| Nasdaq | 2080 | 2018 | 2810 | 1114 |
| S&P500 | 1042 | 1016 | 1561 | 683 |
| CBOE Eq. | ||||
| put/call | 60 | 64 | 96-10/08 | 46-1/03 |
| VIX | 24.1 | 25.3 | 90 | 8.8 |
| McClellan Osc | 35 | -11 | 108 | -100 |
| McClelSum | 1228 | 1114 | 1568 | -1514 |
| Newsletter Surveys: | ||||
| Inv.Intel | 22.21 | |||
| Bull | 48.3 | 50.6 | 63 | 22.21 |
| Bear | 23.6 | 24.1 | 54.4 | 16 |
| AAII-Bull/Bear | 37.3/44.0 | 38.0/38.0 | n/a | |
| Nova/Ursa | ||||
| MutualFunds | 0.87 | 1.04 | 2.2 | 0.56 |
| Baltic Dry Index | 2468 | 2415 | 11700 | 663 |
| Bullish%- | 84 | 81 | 88 | 2 |
| *Insider corporate | ||||
| sellers | n/a | 108:1 | 2.4:1 | |
| Mutual Fund Inflows | -.5B | -1.1B | ||
| ETF Inflows | .4B | -3.7B | ||
| VIX Volatility | -12 | 12 | -22 | |
| VIX 1-month future | -18 | 2 | -18 | |
| VIX 5-month future | -3 | 8 | -7 | |
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