Monday, January 2, 2012

YEAR END WHIMPER:

With the S&P 500 ending EXACTLY the same as the year before -1257.6 - it signified the boring end to 2011; many of the Indicators regressed to the mean on low Volume, with the VIX at 23. Some relative extremes did include the Inv.Intell. Bulls at 50+%; my records show a 62.9% high in Dec. of '04. AAII Bulls jumped to 40% - must be the champagne! A small number of funds flowed out of equity funds into MMFs, but the ETFs remained almost unchanged month/month.
Here are closing numbers for 2011:

Date>
12/30/2011 12/23/2011
Indices: DJIA  12217 12294
  NAZ  2605 2618

SPX  1257 1265
NASD/NYSE WklyVolume (Bshs) 2.2/4.6 3.8/7.7
nasd/nyse Specul.Ratio hi=bullish 2.10 2.03
Sentiment: put/call-CBOE  67 63
Barron's VIX>50-alltmlow=8.8 23.4 20.7

Advance/Dec-NYSE 1218/1896 2577/587

Weekly Net: -678 1990

     Cumulative: 125267 125945
Weekly  NYSE hi/low 295/72 293/146
New Hi's/Low's Nasdaq h/l 92/161 111/257
McClellan  Oscillator 24 48
McClellan Sum .+750/-1000 240 134
Newsletter Inv.Intel -Bull:tues 50.5 48.4
Surveys Bear:-5yrs 29.5 30.5

AAII  -Bull :wed. 40.6 33.7

Bear  30.8 28.2
COT:Change w/w large/small (net)k 7/7. 0/12.
CEOinsider selling 18:1 10:1
BalticDryIndex GlobalEcon 1888 1888
3-box rev Bullish%-  63buy 61
US equity -ICI Fund Flows 1 wk lag 1 wk lag
MMF flows Change in $B 2.6B 14.2B
MargDebt- top (300M) monthly OCT. 269B
ETF:Eqty/Int'l/Bond  million$$ OCT. 615/262/178
2-yr Tsy Yield: Inflation 0.25% 0.29%
Euro futures 1 yr.offset-CommHedg 5.04M 5.06M



















































































































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