Monday, December 9, 2013


Holiday parties are starting this week, with the TSAA annual Alfred's meetup, with Garrett Jones, holding forth. Also South Bay traders can party at the TOPS (Trading Options for ProfitS) in Sunnyvale Saturday - more info at:
as well as Sentiment commentary .

 Last week's 1% correction !! up until Friday, where it retraced it back up, did result in negative A/D (advance/decline) breadth for the week, a rara avis these days. Over 1,000 declines for the week. Only the NAZ (Nasdaq) ended the week slightly higher.

Investors Intelligence (??) Bears hit a new low last week, at 14.3%, although I feel the AAII is more predictive. Although record numbers of inflows into equity funds this year have switched, the past two weeks saw big inflows into MMFs (money markets), with minor outflows from equitys (1 week delayed).

Insider selling - still high- has abated recently, as has the selling of gold "Commercials).
Here are the numbers:

12/6/2013 11/29/2013
Indices: DJIA  16020 16086
  NAZ  4062 4059

SPX  1805 1805
WklyVolume (Bshs). naz/ny 8.9/3.6 5.9/2.5
Specul.Ratio hi=bullish 2.47 2.36
Sentiment: put/call-CBOE  55 54
VIX>50-alltmlow=8.8 13.8 13.7
Advance/Dec-NYSE.. 1059/2133 1844/1329
Weekly Net:
-1074 515
     Cumulative: 152884 153958
Weekly  NYSE hi/low 323/259 424/126
New Hi's/Low's Nasdaq h/l 386/83 541/67
McClellan  Oscillator -18 13
McClellanSum .+750/-1000 213 344
Newsletter Inv.Intel -Bull:tues 57.1 55.7
Surveys Bear:-5yrs 14.3 14.4

AAII  -Bull :wed. 42.6 47.3

Bear  27.5 28.3
COT:SPX w/w large/small (net)k 6/25 n/a
COT:gold  comm.hedg long-short.000 (22k) n/a
CEOinsider selling 29:1 56:1
3-box rev Bullish%-  83 83
US equity -ICI Fund Flows WeekDelay (1.3B)
MMF flows Change in $B 24.2B 15.1B
MargDebt- top (300M) monthly 
ETF:mthlyEqty/ Int'l/Bond-$B
2-yr Tsy Yield: Inflation 0.30% 0.29%


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