HOW LOW CAN YOU GO?

Monday, November 18, 2013

HOW LOW CAN YOU GO?

Sentiment Extremes this week include the number (%) of Bears in the Investors Intelligence survey (wire house reports) - a new multi-year low of 15.5%, down from 15.6% previously; meanwhile the Bulls are still above 50, at 52.6% - the AAII has backed off a bit from its extremes. Normally the AAII is the more meaningful, but they seem to be lulled into the Yellen glow.

The Bullish % rose to another recent high of 83% - of stocks on Buy signals. The VIX dropped to 12.2, still above its 8.8 many moons ago.

Here are the numbers:

Date>		11/15/2013	11/8/2013
Indices:	DJIA	15961	15761
	NAZ	1985	3919
	SPX	1798	1770
WklyVolume (Bshs).		8.9/3.3	9.9/3.8
NASD/NYSE
Specul.Ratio hi=bullish		2.7	2.6
Sentiment:	put/call-CBOE	55	55
VIX>50-alltmlow=8.8		12.2	12.9
Advance/Dec-NYSE..		2049/1140	1240/1961
Weekly Net:		909	-721
Cumulative:		153677	152768
Weekly	NYSE hi/low	420/124	389/107
New Hi's/Low's	Nasdaq h/l	377/120	372/129
McClellan	Oscillator	13	-32
McClellanSum	.+750/-1000	393	463
Newsletter	Inv.Intel -Bull:tues	52.6	55.2
Surveys	Bear:-5yrs	15.5	15.6
	AAII -Bull :wed.	39.2	45.5
	Bear	27.5	21.8
COT:SPX w/w	large/small (net)k	12/23	10/20
COT:gold comm.hedg	long-short.000	(66k)	(94k)
CEOinsider	selling	36:1	50:1
3-box rev	Bullish%-	83	82
US equity -ICI	Fund Flows	WeekDelay	5.4B
MMF flows	Change in $B	(3.1B)	4B
MargDebt- top (300M)	monthly		Sept.
ETF:mthlyEqty/	Int'l/Bond-$B		Sept.
2-yr Tsy Yield: Inflation		0.31%	0.32%

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