Monday, September 23, 2013


Last week several of the Sentiment Indicators did a flip flop, probably due to the Fed's announcement, just like everything else!
The two-year Treas. yield dropped from a high of .44% to .34% w/w; money market flows went from a positive $20B to a negative $1+B. The equity flows stat shown below is a week late in reporting.
The SPX (S&P 500) ended the week exactly at its Aug.2 weekly high of 1709, with the Nasdaq hitting a 13-year high - meaning, if you put it into your retirement account in 2000, you're back even again, sans dividends.
The ratio of speculation - NYSE v. NAZ - also reversed from a 2.48 (high spec.), down to 1.88.
Here are the numbers:

9/20/2013 9/13/2013
Indices: DJIA  15451 15376
  NAZ  3774 3722

SPX  1709 1688
WklyVolume (Bshs). 9.0/4.8 8.2/3.3
NASD/NYSE   1.88 2.48
Specul.Ratio hi=bullish

Sentiment: put/call-CBOE  57 55
VIX>50-alltmlow=8.8 13.1 14.2
Advance/Dec-NYSE.. 2292/886 2132/1058
Weekly Net:
1406 1074
     Cumulative: 151582 150176
Weekly  NYSE hi/low 515/101 364/158
New Hi's/Low's Nasdaq h/l 471/60 379/53
McClellan  Oscillator 33 37
McClellanSum .+750/-1000 212 -82
Newsletter Inv.Intel -Bull:tues 42.3 37.1
Surveys Bear:-5yrs 21.6 22.7

AAII  -Bull :wed. 45.1 45.5

Bear  29.7 24.6
COT:SPX w/w large/small (net)k 16/(26) 12/(30).
COT:gold  comm.hedg long-short.000 -66 -81
CEOinsider selling 52:1 34:1
3-box rev Bullish%-  80 76
US equity -ICI Fund Flows 1weeklag 2.5B
MMF flows Change in $B (1.4B) 20B
MargDebt- top (300M) monthly 
ETF:mthlyEqty/ Int'l/Bond-$B
2-yr Tsy Yield: Inflation 0.34% 0.44%

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