Saturday, August 24, 2013

The Jury Is Out

In these lazy, crazy days of August, where most of the heavy traders are MIA, and the second string cannot get access to Nasdaq stocks, Sentiment Indicators are at best, mixed. Maybe the new SEC head - Mary Jo White - can help the exchanges. As Barron's Randall Forsyth says -  who better than the gov't to monitor private information! Someone told me that if I forget my Password I should just call the NSA for it !!

My newly favored indicator, Larry McMillan's CBOE put/call ratio chart is calling for a downturn with its inverse pattern - meanwhile, the AAII Bears jumped from 28% to 43 w/w - a Bullish signal. CEO Insider Selling dropped bigtime, while MMFunds jumped up $15B, mostly from outflows of Bond funds.

Here are the numbers:

8/23/2013 8/16/2013
Indices: DJIA  15010 15081
  NAZ  3657 3602

SPX  1663 1655
WklyVolume (Bshs).

NASD/NYSE   6.5/.3.1 7.8/3.4
Specul.Ratio hi=bullish 2.10 2.29

Sentiment: put/call-CBOE  59 57
VIX>50-alltmlow=8.8 14.0 14.4
Advance/Dec-NYSE.. 1922/1272 633/2582
Weekly Net:
650 -1949
     Cumulative: 149949 149299
Weekly  NYSE hi/low 122/647 232/544
New Hi's/Low's Nasdaq h/l 208/98 277/86
McClellan  Oscillator -3 -80
McClellanSum .+750/-1000 -219 41
Newsletter Inv.Intel -Bull:tues 43.3 47.4
Surveys Bear:-5yrs 21.6 20.6

AAII  -Bull :wed. 29 34.5

Bear  42.9 28.2
COT:SPX w/w large/small (net)k 7/-1 9/7
COT:gold  comm.hedg long-short.000 -68 -61
CEOinsider selling 17:1 25:1
3-box rev Bullish%-  79 81
US equity -ICI Fund Flows (.8B) 1weeklag
MMF flows Change in $B 15.4B 2.3B
MargDebt- top (300M) monthly  JUNE 377B
ETF:Eqty/ Int'l/Bond JUNE 851/321/244
(Monthly  B$$ .)

2-yr Tsy Yield: Inflation 0.38% 0.36%

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