Monday, May 30, 2011

QE II - SHIP OF FOOLS:

As the QE II sinks into oblivion, the markets are apparently ignoring it , as well as the debt ceiling issue (Treasuries are again going the wrong way, just like last year after the Fed decision).

Other than the AAII Bull/Bear inversion (bullish for the market), not much has changed going into Memorial Day.

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1244112512140936626
Nasdaq:2796280328611114
S&P 500:133113331561683
CBOE Eq. put/call: 587196-10/0846-1/03
VIX:16.017.4908.8
McClellan Osc:16(20)108(123)
McClellan Sum:4585731568(1514)
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InvestorsIntel.Bull:
n/an/a6322.21
InvestorsIntel.Bear:
n/an/a54.416
AAII Bull:
25.626.7n/an/a
AAII Bear:
41.441.3n/an/a
US Equity-1 week lagn/a(1.5B)
Money Market Flows24B(12.4B)

Baltic Dry Index:1467127111700663
Bullish %:
7474892
Insider Corporate Sellers:23:128:1235:12.4:1

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