Although breadth last week remained strong - boding well for a minor correction- we still continue down today. For the first time since early January funds flowed IN to Money Markets, not out; and out of US equity funds for the first time in a month. The Bullish per cent remains rightfully on a Sell signal while the McClellan Oscillator is now oversold.
Here are the statistics:
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 10620 | 10380 | 14093 | 6626 |
| Nasdaq: | 2346 | 2265 | 2805 | 1114 |
| S&P 500: | 1135 | 1110 | 1561 | 683 |
| CBOE Eq. put/call: | 62 | 69 | 96-10/08 | 46-1/03 |
| VIX: | 31.2 | 41.0 | 90 | 8.8 |
| McClellan Osc: | -44 | -123 | 108 | -123 |
| McClellan Sum: | 542 | 768 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 47.2 | 56.0 | 63 | 22.21 |
InvestorsIntel.Bear: | 24.7 | 18.7 | 54.4 | 16 |
AAII Bull: | 36.6 | 39.1 | n/a | n/a |
AAII Bear: | 36.6 | 28.6 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 1.19 | 1.02 | 2.2 | 0.56 |
| US Equity-1 week lag | n/a | -2.2B | ||
| Money Market Flows | 24B | -19B | ||
| ETF equity:Monthly Totals | Mar.805B | Feb.750B | ||
| Baltic Dry Index: | 3608 | 3608 | 11700 | 663 |
Bullish %: | 63 | 61 | 88 | 2 |
| Insider Corporate Sellers: | 15:1 | 52:1 | 108:1 | 2.4:1 |
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