Monday, September 14, 2015


This week's Sentiment Standouts are about caution from the weaker hands in the stock market:
Both Bull/Bear surveys that we follow reversed last week - the Investors' Intelligence and AAII- to slightly in the Bears favor. Also, the S&P 500 Futures traders saw Large Traders long 15k; Small ones short 95k contracts - more than last week. Per Barron's, Short Interest on the NYSE jumped 5%, although the SPY ETF leapt 20% in its short interest.
Money continues to flow out of both MMFs and equity mutual funds. Here are the numbers:

Date> 9/11/2015 9/4/2015
Indices: DJIA  16433 16102
  NAZ  4822 4683
SPX  1961 1921
WklyVolume (Bshs). naz/ny…. 7.2/3.6 9.3/5.1
Specul.Ratio hi=bullish 2 1.82
Sentiment: put/call-CBOE  73 73
VIX>50-alltmlow=8.8 23.2 27.8
Advance/Dec-NYSE.. 1808/1409 857/2373
Weekly Net: 399 -1516
     Cumulative: 159084 158685
Weekly  NYSE hi/low… 45/217 25/227
New Hi's/Low's Nasdaq h/l 95/146 54/164
McClellan  Oscillator 15 0
McClellanSum .+750/-1000 -522 -583
Newsletter Inv.Intel -Bull 25.7 27.8
Surveys-Tues Bear:-5yrs 27.9 26.8
Wed. AAII  -Bull  34.7 32.4
Bear  35.0 31.7
COT:SPX w/w large/small (net)k 15k/(95k) 10k/(75k)
COT:gold  comm.hedg long-short.000 (56k) (69k)
COT:OIL comm.hedg long-short. (227k) (219k)
US$-WSJ 88.3 89.0
CEOinsider selling .12:1        .9:1
off.&bd b/s.vs. 10% holder b/s discont.
3-box rev Bullish%-  36 38
US equity -ICI Fund Flows week delay  1.8B
MMF flows Change in $B (15.6B) (16.1B)
MargDebt- top (300M) monthly  487B
ETF:mthlyEqty/ Int'l/Bond-$B 1275/509/321
2-yr Tsy Yield: Inflation 0.71% 0.71%
TIP (ETF) Inflation 111.0 110.9

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