Saturday, May 3, 2014

Early (Vacation) Edition

Most Sentiment (and Breadth) Indicators remained placid last week as the more new highs were reached. VIX dropped into the 12 handle; in the Commitment of Traders, for the second week in a row the Large traders net volume and Small ones were exactly even - no signal there! Even the AAII Bull/Bears were tied at 29%.

Commercial gold sellers remain huge as do Insider sellers of stocks, both at t he sector level and board/officer individual numbers. Margin interest actually  dropped for the first time in months, but this is not a significant figure, due to low rates, which seem to be with us through the decade, per Levy Forecast in Barron's today.  

For more, see:

Here are the numbers:

Date> 5/2/2014 4/25/2014
Indices: DJIA  16512 16361
  NAZ  4123 4075
SPX  1881 1863
WklyVolume (Bshs). naz/ny 10.2/3.9 9.3/3.3
Specul.Ratio hi=bullish 2.62 2.82
Sentiment: put/call-CBOE  61 60
VIX>50-alltmlow=8.8 12.9 14.1
Advance/Dec-NYSE.. 2168/1047 1698/1517
Weekly Net: 1121 181
     Cumulative: 159998 158877
Weekly  NYSE hi/low 319/99 313/49
New Hi's/Low's Nasdaq h/l 136/221 165/100
McClellan  Oscillator 16 -2
McClellanSum .+750/-1000 842 798
Newsletter Inv.Intel -Bull:tues 54.7 51.6
Surveys Bear:-5yrs 20.6 21.7
AAII  -Bull :wed. 29.8 34.5
Bear  29.4 26
COT:SPX w/w large/small (net)k 14k/14k 11k/12k
COT:gold  comm.hedg long-short.000 (98k) (90k)
CEOinsider selling 40:1 48:1
off.&bd b/s.vs. 10% holder b/s 150:25 200:35
3-box rev Bullish%-  69 68
US equity -ICI Fund Flows WeekDelay 1.4B
MMF flows Change in $B (10B) 7.3B
MargDebt- top (300M) monthly  450B 466B
ETF:mthlyEqty/ Int'l/Bond-$B 1049/401/259 1035/397/266
2-yr Tsy Yield: Inflation 0.43% 0.43%

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