Monday, December 28, 2015


Although Inflation is still a long way away, due to a sluggish Economy, etc., the 2-year Treasury Note broke 1% last week, to the upside; the TIPs are still under control, however.
The reliable McClellan Oscillator, at +50 last week, bode unwell for today, which opened down 100 DJI points; however, the AAII Bears still dominate the Bulls and New Highs/Lows (breadth) still stinks. Dec.18, posted below, showed the classic 10:1 low/high ratio on the NYSE, much better last week.
Nice Santa rally last week - has he left town?

Date> 12/24/2015 12/18/2015
Indices: DJIA  17552 17128
  NAZ  5048 4923
SPX  2061 2005
WklyVolume (Bshs). naz/ny…. 5.5/3.0* 11.5/6.5
Specul.Ratio hi=bullish 1.83 1.77
Sentiment: put/call-CBOE  59 66
VIX>50-alltmlow=8.8 15.7 20.7
Advance/Dec-NYSE.. 2853/371 1517/1721
Weekly Net: 2482 -204
     Cumulative: 161072 158590
Weekly  NYSE hi/low… 88/215 78/793
New Hi's/Low's Nasdaq h/l 96/237 122/519
McClellan  Oscillator 50 -33
McClellanSum .+750/-1000 -137 -244
Newsletter Inv.Intel -Bull n/a 37.8
Surveys-Tues Bear:-5yrs n/a 29.6
Wed. AAII  -Bull  26.4 23.9
Bear  31.5 39.4
US$-WSJ 89.7
CEOinsider selling n/a Finance
3-box rev Bullish%-  56 54
US equity -ICI Fund Flows week delay  (7.4B)
MMF flows Change in $B 11B (20.3B)
MargDebt- top (300M) monthly  473B NOV.:
2-yr Tsy Yield: Inflation 1.01% 0.97%
TIP (ETF) Inflation 109.9 109.9

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