Monday, November 28, 2016


Making America Great again - record sales from retail stores last week, especially electronics (gamers?). The downside to technology cutting costs (and employment) from factories to farms, is (just like outsourced workers) that they do not CONSUME !! If we bring back jobs to U S, some things may cost more, but workers will be spending $$ that they earn here.
Another record set last week - back-to-back new highs in all four major stock markets - something that has not happened since....December 31, 1999 " A Year That Will Go Down..."
Another sodden fact: from Jason Trennert on Wealthtrack - 50% of the national Debt, which is now HUGE, will rollover within three years, just as rates are starting to rise!!
There has never been a year after a two-term President that a Recession has NOT occurred.

Sentiment Indicators are all Bullish, but getting extended - Breadth and Sentiment.
The Trend is your Friend Until it Bends at the End!!

Here are the Sentiment numbers:

Date   11/25/2016 11/18/2016
Indices: DJIA  19152nh 18868
  NAZ  5398 5321
SPX  2213 2181
WklyVolume (Bshs). naz/ny…. 6.0/3.0* 10.4/4.9
Specul.Ratio hi=bullish 2 2.12
Sentiment: put/call-CBOE  60 60
VIX>50-alltmlow=8.8 12.3 12.9
DeltaMSI-50% MAC crossover 64% 58%
Advance/Dec-NYSE.. 2454/662 1982/1149
Weekly Net: 1792 833
     Cumulative: 170972 169180
Weekly  NYSE hi/low… 451/69 450/355
New Hi's/Low's Nasdaq h/l 628/84 680/135
McClellan  Oscillator 59 22
McClellanSum .+750/-1000 34 -182
Newsletter Inv.Intel -Bull 55.9 51
Surveys-Tues Bear:-5yrs 21.6 23.5
Wed. AAII  -Bull  49.9 46.7
Bear  22.1 26.6
US$-WSJ 101.5 101.3
3-box rev Bullish%-  63 61
US equity -ICI Fund Flows WeekLate 23.2B
MMF flows Change in $B 18.8B 3.3B
MargDebt- top (300M) monthly  501B
10-yr Tsy yield hi= stock buying 2.36% 2.36%
2-yr Tsy Yield: Inflation 1.12% 1.07%
TIP (ETF) Inflation 113.1 112.2

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