Monday, September 3, 2012


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 -

Here are the numbers:

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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