Monday, August 16, 2010

August 16

With light Volume in these Dog Days, today's slight upturn reflects a higher reading of the CBOE Equity put/call ratio at 66, a low McClellan Oscillator reading of -40 (oversold), and a nice rebound in the global economic proxy - the BDI, or Baltic Dry Index of 2468, up 500 points from last week.
Everyone except the Chinese are buying US treasuries, putting the 2-yr at .50% and the 10-year at 2.5%, locking in those yields for an "extended" period.

Here are the numbers:

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
S&P 500:107911211561683
CBOE Eq. put/call: 665896-10/0846-1/03
McClellan Osc:-4025108-123
McClellan Sum:6847501568-1514
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AAII Bull:
AAII Bear:
Nova/Ursa Mutual Funds:n/an/a2.20.56
US Equity-1 week lagn/a-2.8B
Money Market Flows-3.5B19.2B

ETF equity:Monthly TotalsApr.831BMar.805B

Baltic Dry Index:2468197811700663
Bullish %:
Insider Corporate Sellers:18:125:1108:12.4:1

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