Monday, June 16, 2014


The S&P 500 took a slight hiccup last week (25 points), a little over 1% - hardly the June correction we've been expecting - we still have option expiry, summer solstice, and quarterly rebalancing to go yet.

Standout Sentiment numbers last week included the Inv. Intell. Bulls near a record of 62%, the same number as the ratio of Insider Sellers to Buyers, as stated by Sectors. Individual tallies, officers/board members as well as 10% stockholders showed a fairly high number again, but not climactic.

Funnily enough, the record since I've been keeping these (around a decade), the highest number of Sector Selling was in May of 2009 - just when this huge Bull market was getting started - Go Figure.
Also at a recent record, for whatever it is worth, is the 2-year Treas. interest rate, at 0.45%

Here are the numbers:

Date> 6/13/2014 6/6/2014
Indices: DJIA  16775 16924
  NAZ  4310 4321
SPX  1936 1949
WklyVolume (Bshs). naz/ny 8.9/2.9 8.4/3.1
Specul.Ratio hi=bullish 3.07 2.71
Sentiment: put/call-CBOE  51 51
VIX>50-alltmlow=8.8 12.2 10.7
Advance/Dec-NYSE.. 1302/1910 2093/1135
Weekly Net: -608 958
     Cumulative: 162390 162998
Weekly  NYSE hi/low 492/41 574/66
New Hi's/Low's Nasdaq h/l 288/68 237/137
McClellan  Oscillator -8 35
McClellanSum .+750/-1000 950 915
Newsletter Inv.Intel -Bull:tues 62.6 62.2
Surveys Bear:-5yrs 17.2 17.4
AAII  -Bull :wed. 44.7 39.5
Bear  21.3 22.2
COT:SPX w/w large/small (net)k 11/(9) 4k/3k
COT:gold  comm.hedg long-short.000 (85k) (64K)
CEOinsider selling 62:1 26:1
off.&bd b/s.vs. 10% holder b/s 180:40 170:50
3-box rev Bullish%-  82 78
US equity -ICI Fund Flows WeekDelay (2.0B)
MMF flows Change in $B 2.6B 2.6B
MargDebt- top (300M) monthly  APR.
ETF:mthlyEqty/ Int'l/Bond-$B APR.
2-yr Tsy Yield: Inflation 0.45%nh 0.41%

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