Monday, August 18, 2014


We are now in the Dog Days of summer - vacation time for most Europeans, Wall Streeters, and myself (Wedding in Redding, then my favorite coastal resort). Volume on the NYSE and Nasdaq was down last week. However, Insider sales of 10% stockholders jumped last week, although other insiders ( board members, officers) remained at the same pace. This blog has only recently broken these down, after keeping Sector Sales to Buys ratios for years. Probably not a meaningful signal, as the highest Sector selling in years was back in May of 2009 (when I started my DITM strategy). Sellers then were 235:1 !!!

Just as the markets bounced up off the Support levels last week, so did the McClellan Summation off the zero line. Breadth was strong - more about money flows in my column this week:

Here are the numbers for the past two weeks:

Date> 8/15/2014 8/8/2014
Indices: DJIA  16662 16553
  NAZ  4464 4370
SPX  1955 1931
WklyVolume (Bshs). naz/ny 8.0/3.0 8.9/3.4
Specul.Ratio hi=bullish 2.7 2.6
Sentiment: put/call-CBOE  62 69
VIX>50-alltmlow=8.8 13.2 15.8
Advance/Dec-NYSE.. 2318/909 1987/1239
Weekly Net: 1409 750
     Cumulative: 163629 162220
Weekly  NYSE hi/low 234/79 106/196
New Hi's/Low's Nasdaq h/l 157/153 94/253
McClellan  Oscillator 29 -20
McClellanSum .+750/-1000 100 11
Newsletter Inv.Intel -Bull:tues 46.4 50.5
Surveys Bear:-5yrs 16.2 17.1
AAII  -Bull :wed. 39.8 30.9
Bear  27 38.2
COT:SPX w/w large/small (net)k 4/(6) (2)/5
COT:gold  comm.hedg long-short.000 (161k) (132k)
CEOinsider selling 21:1 22:1
off.&bd b/s.vs. 10% holder b/s 160:60(50sale) 150:30
3-box rev Bullish%-  71 70
US equity -ICI Fund Flows WeekDelay (3.1B)
MMF flows Change in $B 10.5B 12.8B
MargDebt- top (300M) monthly 
ETF:mthlyEqty/ Int'l/Bond-$B
2-yr Tsy Yield: Inflation 0.41% 0.45%

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