Monday, September 5, 2011


Despite last Friday's huge selloff, the weekly sentiment numbers actually moderated off their worse levels from the weeks before; however, as of this Labor Day, futures are looking grim behind Europe's increasing debt problems, with the DJIA futures at the triple zero 11,000, down 240. The recent rally, per Barron's Trader, was on OTC type stocks, not a great sign of institutional longterm investing.
This continues to be a great buying opportunity of quality, dividend-paying stocks - at least until (for me) the S&P500 breaks and stays below 1100 (it is now 1173, heading lower). That is 2010 Support.
Major changes in the Sentiment Indicators were a big upmove in the Bullish %, and the AAII Bull/Bear REverting itself from inverted recently - a sign of complacency from last Tuesday's release.

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
S&P 500:117311761561683
CBOE Eq. put/call: 677296-10/0846-1/03
McClellan Osc:10(1)108(123)
McClellan Sum:(290)(627)1568(1514)
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AAII Bull:
AAII Bear:
US Equity-1 week lagn/a(2.6B)
Money Market Flows8B(2.1B)

Baltic Dry Index:1682158211700663
Bullish %:
Insider Corporate Sellers:9:14:1235:12.4:1

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