Saturday, September 10, 2016


As noted earlier, I shall be travelling the next two weeks - family bonding (and stocking). Monday should be quite exciting despite (hopefully) no 9/11 tragedies - after Friday's meltdown. Still, Sentiment Indicators, through bloody Friday, were mostly echoing Augusts ennui. A/D (advances/declines) were obviously ugly, but the new highs - NY and Nasd - still Yuge..

Volume about the same as previous, despite the Monday off. The Bullish % (stocks on a Buy signal) and its new cousin -  Delta SMI - remain high, but no weakness in either. And the McClellan Oscillator, near the minus 50 level (usually my buy signal for Monday) would indicate a reversal of Friday (thanks Fed); or maybe NOT. Fedmeet is the 20th on, and Fiscal year end a couple weeks later - budget????

Here are the numbers:
Date>   9/9/2016 9/2/2016
Indices: DJIA  18085 18492
  NAZ  5125 5249
SPX  2127 2179
WklyVolume (Bshs). naz/ny…. 7.6/3.6 7.7/4.1
Specul.Ratio hi=bullish 2.11 1.88
Sentiment: put/call-CBOE  63 65
VIX>50-alltmlow=8.8 17.5 12
DeltaMSI-50% MAC crossover 70% 70%
Advance/Dec-NYSE.. 631/2499 2086/1028
Weekly Net: -1868 1058
     Cumulative: 171500 173368
Weekly  NYSE hi/low… 456/30 404/34
New Hi's/Low's Nasdaq h/l 400/75 362/75
McClellan  Oscillator -47 -1
McClellanSum .+750/-1000 758 788
Newsletter Inv.Intel -Bull 52.5 55.9
Surveys-Tues Bear:-5yrs 22.8 20.6
Wed. AAII  -Bull  29.8 28.6
Bear  28.5 31.5
US$-WSJ 95.3 95.9
3-box rev Bullish%-  74 76
US equity -ICI Fund Flows WeekLate (.1B(
MMF flows Change in $B (29B) (10.5B)
MargDebt- top (300M) monthly  475B
10-yr Tsy yield hi= stock buying 1.67% 1.60%
2-yr Tsy Yield: Inflation 0.78% 0.79%
TIP (ETF) Inflation 115.1 115.5

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