Monday, August 19, 2013


To borrow from Harry Domash's comments at the Money Show this past weekend - more on that later in my column:

 The cautionary signals recently have finally born fruit of at least a correction, with Technical (seasonal) and Fundamental (economic, political) headwinds in view. Insider selling has backed off this past week, but has been extremely high for weeks; money flows have seen huge outflows from bonds (funds, etfs, CEFs, etc.), but still not greatly into stocks.

New lows beat new highs - the Hindenburg Syndrome- as breadth weakens: the McClellan Oscillator was minus 80, a BUY signal short term. And survey Bears are increasing a bit.

Here are the numbers:

8/16/2013 8/9/2013
Indices: DJIA  15081 15425
  NAZ  3602 3660

SPX  1655 1691
WklyVolume (Bshs).

NASD/NYSE   7.8/3.4 7.9/3.1
Specul.Ratio hi=bullish 2.29 2.55

Sentiment: put/call-CBOE  57 60
VIX>50-alltmlow=8.8 14.4 13.4
Advance/Dec-NYSE.. 633/2582 1074/2109
Weekly Net:
-1949 -1035
     Cumulative: 149299 151248
Weekly  NYSE hi/low 232/544 383/327
New Hi's/Low's Nasdaq h/l 277/86 452/70
McClellan  Oscillator -80 -32
McClellanSum .+750/-1000 41 301
Newsletter Inv.Intel -Bull:tues 47.4 51.6
Surveys Bear:-5yrs 20.6 18.5

AAII  -Bull :wed. 34.5 39.5

Bear  28.2 26.6
COT:SPX w/w large/small (net)k 9/7 10/15
COT:gold  comm.hedg long-short.000 -61 -54
CEOinsider selling 25:1 84:1
3-box rev Bullish%-  81 84
US equity -ICI Fund Flows 1weeklag .4B
MMF flows Change in $B 2.3B 7.6B
MargDebt- top (300M) monthly  377B JUNE
ETF:Eqty/ Int'l/Bond 851/321/244 JUNE
(Monthly  B$$ .)

2-yr Tsy Yield: Inflation 0.36% 0.30%

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