Monday, March 14, 2016

WHAT GOES UP

Must come down! Whether it be the stock market floating on overvaluation, or Gold and commodities rising on short covering, rather than increased demand, at some Resistance point markets will reverse.
The usually accurate McClellan Oscillator has been over bought for the second week; Bull/Bear newsletters are starting to get complacent (positive ratio). A new addition to the Indicators, from Barron's Market Lab: Delta MSI - 3600 stocks breaking up through their MAC (moving average crossover) .aka golden cross. Above 50% is Bullish. This week it is 58%.

Here are the numbers:

Date> 2016 3/11/2016 3/4/2016
Indices: DJIA  17213 17006
  NAZ  4748 4717
SPX  2022 2000
WklyVolume (Bshs). naz/ny…. 9.5/5.3 10.0/6.0
Specul.Ratio hi=bullish 1.79 1.66
Sentiment: put/call-CBOE  70 61
VIX>50-alltmlow=8.8 16.5 16.9
DeltaMSI-50% MAC crossover 58% N/A
Advance/Dec-NYSE.. 2087/1104 2723/481
Weekly Net: 983 2242
     Cumulative: 162260 161277
Weekly  NYSE hi/low… 203/28 186/57
New Hi's/Low's Nasdaq h/l 104/110 108/128
McClellan  Oscillator 73 104
McClellanSum .+750/-1000 682 324
Newsletter Inv.Intel -Bull 39.4 36.4
Surveys-Tues Bear:-5yrs 35.4 34.3
Wed. AAII  -Bull  37.4 32
Bear  24.4 29.3
US$-WSJ 96.2 97.2
3-box rev Bullish%-  74 71
US equity -ICI Fund Flows weekLate (2.2B)
MMF flows Change in $B (1.2B) 26.0B
MargDebt- top (300M) monthly 
2-yr Tsy Yield: Inflation 0.95% 0.86%
TIP (ETF) Inflation 111.9 112.6


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