Wednesday, August 17, 2016


All systems go in the markets these days - only the second time this century that all markets - DJIA, NAS, and SPX- hit new highs together (first time was the week before this !!). Breadth  keeps going strong - New his/lows were 551 to 23 on NYSE. Stocks on BUY signals strong, but Volume weak - a divergence. Barron's option column states 6-figure purchases of VIX calls, expecting big volatility in Sept. Strong markets usually signal incumbent party to win election.
Here are the numbers:

Date>   8/12/2016 8/5/2016
Indices: DJIA  18576 18543
  NAZ  5232 5221
SPX  2184 2182
WklyVolume (Bshs). naz/ny…. 7.9/3.8 9.7/4.4
Specul.Ratio hi=bullish 2.08 2.2
Sentiment: put/call-CBOE  59 63
VIX>50-alltmlow=8.8 11.5 11.3 yr.low
DeltaMSI-50% MAC crossover 71% 70%
Advance/Dec-NYSE.. 1681/1431 1624/1492
Weekly Net: 250 132
     Cumulative: 172385 172135
Weekly  NYSE hi/low… 551/23 544/44
New Hi's/Low's Nasdaq h/l 370/99 364/107
McClellan  Oscillator -12 -5
McClellanSum .+750/-1000 1065 1102
Newsletter Inv.Intel -Bull 54.3 52.9
Surveys-Tues Bear:-5yrs 28.9 21.2
Wed. AAII  -Bull  31.3 29.8
Bear  26.8 26.8
US$-WSJ 95.7 96.2
3-box rev Bullish%-  76 76
US equity -ICI Fund Flows WeekLate (6B)
MMF flows Change in $B 6.0B 24B
MargDebt- top (300M) monthly  JUNE:
10-yr Tsy yield hi= stock buying 1.51% 1.59%
2-yr Tsy Yield: Inflation 0.70% 0.73%
TIP (ETF) Inflation 116.3 115.7

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