SEPTEMBER SONG:

Now that the Dog Days of Summer are over with Labor Day, coupled with some critical upcoming meetings and events, stocks should see more Volatility - hopefully Volume as well. Last week's Indicators are mostly benign with a few standouts:
Insider (legal) Selling was high at 110 to 1; yet the CBOE equity put/call ratio hit 72, showing fear. Breadth, as measured by new highs/lows and advances/declines, still is positive - Volume is speculative with Nasdaq high versus NYSE.
 For more on September's direction guess see -
http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

Here are the numbers:

Date>		8/31/2012	8/23/12**
Indices:	DJIA	13090	13057
	NAZ	3066	3053
	SPX	1406	1402
NASD/NYSE	WklyVolume (Bshs).	6.6/2.8	n/a
nasd/nyse	Specul.Ratio hi=bullish	2.36	n/a
Sentiment:	put/call-CBOE	72	67
Barron's	VIX>50-alltmlow=8.8	17.4	15.1
	Advance/Dec-NYSE..	1693/1437	n/a
	Weekly Net:	256	n/a
	Cumulative:	140211	n/a
Weekly	NYSE hi/low	323/61	n/a
New Hi's/Low's	Nasdaq h/l	163/87	n/a
McClellan	Oscillator	-5	-9
McClellan Sum	.+750/-1000	558	667
Newsletter	Inv.Intel -Bull:tues	48.9	47.3
Surveys	Bear:-5yrs	24.5	24.7
	AAII  -Bull :wed.	34.7	42
	Bear	32.6	25.9
COT:Change w/w	large/small (net)k	1/1.	n/a
CEOinsider	selling	110:1	n/a
BalticDryIndex	GlobalEcon	discont.	discont.
3-box rev	Bullish%-	71	70
US equity -ICI	Fund Flows	1 wk lag	(4.5B)
MMF flows	Change in $B	(2.6B)	0
MargDebt- top (300M)	monthly	JULY:	277B
ETF:Eqty/Int'l/Bond	million$$ .	JULY:	702/264/226
2-yr Tsy Yield: Inflation		0.23%	n/a

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SEPTEMBER SONG: