Monday, July 23, 2012


TV News anchors usually start their broadcasts with "Good Evening" and then tell you why it isn't! Negativity abounds all over the globe and the market is reflecting it. Having been in a Bull rally (higher highs and lows) since June 4 - hard to believe- it finally broke the uptrend channel on July 12, then again today, creating what Technicians call Fan Waves.
As seen below we again have a mixed picture: the NYSE to NAZ Volume is getting speculative (toppy), while breadth is surging - my cumulative A/D and New Highs are powerful breadth numbers.
However, Put/call ratios are still high, and the AAII Bulls dropped greatly - to 22 (both Bullish FOR the market).

For those interested, both links below are also updated today:

7/20/2012 7/13/2012
Indices: DJIA  12822 12777
NAZ  2925 2908

SPX  1362 1356
NASD/NYSE WklyVolume (Bshs). 8.4/3.8 7.7/3.6
nasd/nyse Specul.Ratio hi=bullish 2.21 2.14
Sentiment: put/call-CBOE  69 72
Barron's VIX>50-alltmlow=8.8 16.3 16.7

Advance/Dec-NYSE.. 1679/1470 1619/1541

Weekly Net: 209 78

     Cumulative: 137219 137010
Weekly  NYSE hi/low 520/102 485/93
New Hi's/Low's Nasdaq h/l 242/164 235/140
McClellan  Oscillator 1 21
McClellan Sum .+750/-1000 668 579
Newsletter Inv.Intel -Bull:tues 43.6 44.7
Surveys Bear:-5yrs 24.5 24.5

AAII  -Bull :wed. 22.2 30.2

Bear  41.8 34.7
COT:Change w/w large/small (net)k 3/(12) 0/(11)
CEOinsider selling 17:1 32:1
BalticDryIndex GlobalEcon

3-box rev Bullish%-  61 57
US equity -ICI Fund Flows 1 wk lag (1.5B)
MMF flows Change in $B (12.2B) 18.6B
MargDebt- top (300M) monthly 

ETF:Eqty/Int'l/Bond  million$$ .

2-yr Tsy Yield: Inflation 0.21% 0.25%

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