Monday, June 3, 2013


Reporting extreme Sentiment Indicators is getting to seem like a fool's errand, when "fighting the Fed" - which has moved from a referee to a player on the field- causing 6 straight monthly gains in the stock market sans corrections. In fact, per my favorite mag- Barron's- 17 of the past 20 months have been up, despite economic and political conditions. Possibly now the market may get some selling, although according to the model for strong UP January years, it shouldn't occur before August - then the Terrible Twos of Sept.Oct. kick in.

The McClellan Oscillator ended the week at a minus 81 - a huge BUY signal in my work. For more on the table below, please see:


Each week this column serves to announce local Bay Area investment meetings, mostly Technical and Options-related for the weeks ahead; it also attempts to highlight Contrary Behavior Indicators (as opposed to making market predictions) by concentrating various comments and data in one place. 
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5/31/2013 5/24/2013
Indices: DJIA  15115 15303
  NAZ  3455 3459

SPX  1630 1649
WklyVolume (Bshs).

NASD/NYSE   7.1/3.3 8.9/3.6
Specul.Ratio hi=bullish 2.15 2.47

Sentiment: put/call-CBOE  59 62
VIX>50-alltmlow=8.8 16.3 14.0
Advance/Dec-NYSE.. 896/2277 1089/2077
Weekly Net:
-1381 -988
     Cumulative: 151883 153264
Weekly  NYSE hi/low 408/224 851/81
New Hi's/Low's Nasdaq h/l 398/58 519/59
McClellan  Oscillator -81 -41
McClellanSum .+750/-1000 893 1117
Newsletter Inv.Intel -Bull:tues 52.1 55.2
Surveys Bear:-5yrs 19.8 18.8

AAII  -Bull :wed. 36 49

Bear  29.6 21.6
COT:Change w/w large/small (net)k 1/24 3/20
CEOinsider selling 34:1 50:1
3-box rev Bullish%-  88 89
US equity -ICI Fund Flows 1weeklag (.5B)
MMF flows Change in $B 12.2B 19.5B
MargDebt- top (300M) monthly 
ETF:Eqty/ Int'l/Bond
Assets in  Billion$$ .

2-yr Tsy Yield: Inflation 0.30% 0.25%

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