Monday, September 6, 2010

NONLABOR DAY:

With investors not yet back to work (those that still have jobs), no pattern is yet visible for the future - as we continue in the bounded Trading Range. Volume is still low, mostly from HFTs (high frequency traders) who never vacation.
My cumulative A/D total hit a record high, but as the disputers of the Hindenburg Omen state, much of the NYSE Advance/Decline total is comprised of bond-like Pfds, CEFs and ETFs - the Nasdaq New Highs to New Lows remains negative.
Both Bull/Bear surveys remain Bullishly inverted, although with the Inv.Intell., which comes out on Tuesdays, Bulls fell 4 points to 29.4 - the AAII survey, which comes out on Wednesdays, saw the Bulls number rise a full 10 points to 30.8.
Money left MMFs for the first time in a couple months, but probably is going into Fixed Income, as the 1-week lagging Equity number remains negative.
Key officers' Insider Selling is 1/10 of what it was earlier in the Summer.
Finally, a short term negative: the McClellan Oscillator (ratio adjusted) reached my top zone of 48 .
Here are the numbers:

MktSentiment Last Week
Prev. Week 5 Yr HI 5 Yr LOW
DJIA:10447
10150
14093
6626
Nasdaq:
2233
2153
2805
1114
S&P 500:
1104
1064
1561
683
CBOE Eq. put/call: 58
58
96-10/08
46-1/03
VIX:
21.3
24.4
90
8.8
McClellan Osc:48
(15)
108
(123)
McClellan Sum:
376
371
1568
(1514)
Newsletter Surveys




InvestorsIntel.Bull:
29.4
33.3
63
22.21
InvestorsIntel.Bear:
37.7
31.2
54.4
16
AAII Bull:
30.8
20.7
n/an/a
AAII Bear:
42.2
49.5
n/a
n/a
Nova/Ursa Mutual Funds:
n/a
n/a
2.2
0.56
US Equity-1 week lag
n/a
(4.3B)


Money Market Flows
(6.2B)
3.7BB


ETF equity:Monthly Totals
n/a
n/a
n/a

Baltic Dry Index:2835
2703
11700
663
Bullish %:
49
44
88
2
Insider Corporate Sellers:
5:1
8:1
108:1
2.4:1

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