Monday, March 14, 2011

THE FAB FIVE:

As mentioned in the past few weeks, the top 5 Sentiment Indicators have been very reliable in calling for this downturn, just as they have in my recent 10-year Indicator Wrapup. They are: CBOE Equity put/call ratio being near its multi-year low; the McClellan Oscillator approaching a +50 level; the AAII Bull/Bear ratio signaling complacency; the Bullish Per Cent at all-time highs of 89; and the VIX being at a complacent low -more of a longer term danger signal.
These fab five compare closely with the levels last April 23, just before the Flash Crash of 17%.

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1204412169140936626
Nasdaq:2715278428611114
S&P 500:130413211561683
CBOE Eq. put/call: 645696-10/0846-1/03
VIX:20.119.1908.8
McClellan Osc:(26)(22)108(123)
McClellan Sum:6697781568(1514)
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InvestorsIntel.Bull:
52.250.66322.21
InvestorsIntel.Bear:
21.119.554.416
AAII Bull:
36.036.8n/an/a
AAII Bear:
32.333.2n/an/a
US Equity-1 week lagn/a(3.1B)  
Money Market Flows(1.4B).5B

Baltic Dry Index:1538131711700663
Bullish %:
7783892
Insider Corporate Sellers:62:123:1198:12.4:1

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