Monday, June 27, 2016

UK - The "UNTIED" KINGDOM

If you Brexit, you Own it!! And their currency got "Pound'ed" - The S F Comical likened it to Texas leaving the U.S. (Texit?). Standard and Poor's just downgraded Britain's economy from AAA to AA today - I  guess they have to go to those damn meetings again!

 Despite the whirlwind finish to  last week,  overall, it wasn't that exceptional for Sentiment. Of course the VIX (Volatility Index) jumped up 1/3, to 26, week over week. Volume was strong as well, as were Bonds and Gold, in a flight to safety. AAII Bears were still strong, a bullish sign (FOR the market).

Here are the numbers:

SPX  2037 2071
WklyVolume (Bshs). naz/ny…. 10.6/6.0 9.9/5.7
Specul.Ratio hi=bullish 1.77 1.74
Sentiment: put/call-CBOE  74 72
VIX>50-alltmlow=8.8 25.8 19.4
DeltaMSI-50% MAC crossover 62% 67%
Advance/Dec-NYSE.. 1243/1916 1164/1990
Weekly Net: -673 -826
     Cumulative: 166814 167487
Weekly  NYSE hi/low… 391/73 270/83
New Hi's/Low's Nasdaq h/l 167/194 145/182
McClellan  Oscillator -21 -28
McClellanSum .+750/-1000 772 783
Newsletter Inv.Intel -Bull 47.5 45.9
Surveys-Tues Bear:-5yrs 23.2 23.5
Wed. AAII  -Bull  22 25.4
Bear  35.2 37.5
US$-WSJ 95.5 94.1
3-box rev Bullish%-  60 67
US equity -ICI Fund Flows WeekLate  (.1B)
MMF flows Change in $B (3.6B) (18.6B)
MargDebt- top (300M) monthly 
10-yr Tsy yield hi= stock buying 1.56% 1.61%
2-yr Tsy Yield: Inflation 0.63% 0.70%
TIP (ETF) Inflation 115.8 115.4


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