Monday, June 9, 2014


Under glassy eyes, the markets keep inching forward to new highs - strong breadth, but continued weak Volume. Even the complacent CBOE put/call ratio is at mid-range -50-, while the VIX slips into the 10 handle. Not since 2007 has it held at that range, just before the SPX got cut in half.

The I.I. (Investors Intelligence) Bulls are at 62.2% - the second highest EVER. NY new highs are almost ten to one.
Here are the numbers- for more commentary, click on:

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Date> 6/6/2014 5/30/2014
Indices: DJIA  16924 16717
  NAZ  4321 4242
SPX  1949 1923
WklyVolume (Bshs). naz/ny 8.4/3.1 7.0/2.7*
Specul.Ratio hi=bullish 2.71 2.59
Sentiment: put/call-CBOE  51 54
VIX>50-alltmlow=8.8 10.7 11.4
Advance/Dec-NYSE.. 2093/1135 2118/1091
Weekly Net: 958 1027
     Cumulative: 162998 162040
Weekly  NYSE hi/low 574/66 425/62
New Hi's/Low's Nasdaq h/l 237/137 182/83
McClellan  Oscillator 35 24
McClellanSum .+750/-1000 915 855
Newsletter Inv.Intel -Bull:tues 62.2 58.3
Surveys Bear:-5yrs 17.4 17.3
AAII  -Bull :wed. 39.5 36.5
Bear  22.2 23.2
COT:SPX w/w large/small (net)k 4k/3k 10k/2k
COT:gold  comm.hedg long-short.000 (64K) (79k)
CEOinsider selling 26:1 25:1
off.&bd b/s.vs. 10% holder b/s 170:50 175:35
3-box rev Bullish%-  78 76
US equity -ICI Fund Flows WeekDelay (2.6B)
MMF flows Change in $B 2.6B 3.3B
MargDebt- top (300M) monthly  APR. 437B
ETF:mthlyEqty/ Int'l/Bond-$B APR. 1056/412/263
2-yr Tsy Yield: Inflation 0.41% 0.38%

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