Monday, September 26, 2016


As tonight's debate competes with the NFL's Saints/Falcons game, record numbers will be watching the former - 100M estimated. Barron's opines that if Trump seems to win the show, the market will actually drop during October (as it does today).

Sentiment is mixed, with Breadth remaining strong - A/Ds 4 to 1, new highs 5 to 1 on the NYSE, Nasdaq hitting a new all-time high, Bears increasing (contrary), etc., BUT- MMF flows were $50B IN from the previous week, Volume was strong on down days, especially Inst. Investors'.

Flying to San Diego next week; here are last week's numbers:

Date>   9/23/2016 9/16/2016
Indices: DJIA  18261 18123
  NAZ  5305 5244
SPX  2164 2139
WklyVolume (Bshs). naz/ny…. 9.1/4.1 10.8/6.0
Specul.Ratio hi=bullish 2.22 1.8
Sentiment: put/call-CBOE  60 65
VIX>50-alltmlow=8.8 12.3 15.4
DeltaMSI-50% MAC crossover 57% 62%
Advance/Dec-NYSE.. 2500/635 1062/2048
Weekly Net: 1865 -986
     Cumulative: 172379 170514
Weekly  NYSE hi/low… 233/46 99/69
New Hi's/Low's Nasdaq h/l 349/101 173/135
McClellan  Oscillator 14 *12
McClellanSum .+750/-1000 571 *517
Newsletter Inv.Intel -Bull 44.6 49
Surveys-Tues Bear:-5yrs 24.3 22.6
Wed. AAII  -Bull  24.8 27.9
Bear  38.3 35.9
US$-WSJ 95.4 95
3-box rev Bullish%-  71 71
US equity -ICI Fund Flows WeekLate (3.4B)
MMF flows Change in $B 10.7B (38.5B)
MargDebt- top (300M) monthly 
10-yr Tsy yield hi= stock buying 1.62% 1.60%
2-yr Tsy Yield: Inflation 0.75% 0.77%
TIP (ETF) Inflation 116.2 115

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