Monday, April 14, 2014


To paraphrase the wayfarers' saying:  Red Sky At  Night- Sailors' Delight, weird things happen in April and October. These are moon-based events - eclipses every 6 months, when we get earthquakes, market crashes. With the human body a high % liquid, the moon has a gravity pull - hence "lunatic".
Maybe this will precipitate a much-needed correction in the stock market, especially Nas and tech stocks.
Not much new in the Sentiment area, although Insider Selling by Industry group (although several n/as in there) actually doubled from the week before - 34 to 68 to 1. My favorite predictor, the McClellan Oscillator did fall to -48, just two points away from my usual BUY signal of minus 50 - hence the rally today!
Here are the numbers:

Date> 4/11/2014 4/4/2014
Indices: DJIA  16026 16412
  NAZ  3999 4127
SPX  1815 1865
WklyVolume (Bshs). naz/ny 11.3/3.9 10.9/3.6
Specul.Ratio hi=bullish 2.9 3.03
Sentiment: put/call-CBOE  61 56
VIX>50-alltmlow=8.8 17 13.9
Advance/Dec-NYSE.. 975/2241 2130/1063
Weekly Net: -1266 1067
     Cumulative: 157114 158380
Weekly  NYSE hi/low 134/78 389/30
New Hi's/Low's Nasdaq h/l 79/157 258/103
McClellan  Oscillator -48 -10
McClellanSum .+750/-1000 717 837
Newsletter Inv.Intel -Bull:tues 54.6 50.5
Surveys Bear:-5yrs 18.6 18.6
AAII  -Bull :wed. 28.5 35.4
Bear  34.1 26.8
COT:SPX w/w large/small (net)k 12k/20k 9k/21k
COT:gold  comm.hedg long-short.000 (102k) (114k)
CEOinsider selling 68:1? 34:1
off.&bd b/s.vs. 10% holder b/s 180:15 175:30
3-box rev Bullish%-  66 74
US equity -ICI Fund Flows WeekDelay .9B
MMF flows Change in $B (17.7B) (13.2B)
MargDebt- top (300M) monthly  466B FEB.
ETF:mthlyEqty/ Int'l/Bond-$B 1035/397/266 FEB.
2-yr Tsy Yield: Inflation 0.36% 0.42%

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