Monday, February 27, 2012

CEO SELLOFF:

The headline number this week is the (legal) Insider Selling by key officers of corporations: 92:1 is higher than the late October 2011 selloff, where it was only 60:1. Other high numbers include the Bullish %, at 85  ( multi-year high is 88).
Coming off extremes and reverting to the mean are the newsletter surveys (AAII and I.I.), large and small traders' commitments ( large short, small traders long); although Volume remains light, the NASD to NYSE still shows speculation. NYSE new highs to lows are down slightly - 336 to 7 from 362 to 7 (same 7?). Short term bullish is the high CBOE put/call ratio, as traders hedge.
Here are the numbers for last week:


Date>
2/24/2012 2/17/2012
Indices: DJIA  12982 12949
NAZ  2963 2951

SPX  1365 1361
NASD/NYSE WklyVolume (Bshs). 6.9/2.9 9.4/3.9
nasd/nyse Specul.Ratio hi=bullish 2.38 2.41
Sentiment: put/call-CBOE  66 59
Barron's VIX>50-alltmlow=8.8 17.3 17.8

Advance/Dec-NYSE.. 1790/1343 2185/972

Weekly Net: 447 1213

     Cumulative: 133581 133134
Weekly  NYSE hi/low 336/7 362/7
New Hi's/Low's Nasdaq h/l 230/44 265/44
McClellan  Oscillator -6 -3
McClellan Sum .+750/-1000 1231 1278
Newsletter Inv.Intel -Bull:tues 51.1 54.8
Surveys Bear:-5yrs 26.6 25.8

AAII  -Bull :wed. 43.7 42.7

Bear  27.5 26.6
COT:Change w/w large/small (net)k (8)/30 (7)/32
CEOinsider selling 91:1 32:1
BalticDryIndex GlobalEcon 706 723
3-box rev Bullish%-  85 84
US equity -ICI Fund Flows 1 wk lag 0
MMF flows Change in $B 6.2B 2.9B
MargDebt- top (300M) monthly OCT.
290B
ETF:Eqty/Int'l/Bond  million$$ OCT.

2-yr Tsy Yield: Inflation 0.31% 0.30%
Euro futures 1 yr.offset-CommHedg 5.08 5.01….

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