Monday, January 16, 2017


This week in Barron's weekly mag Ben Levisohn opened his column with how this year's market (so far) resembles putting your phone call on Hold. After a Huge rally ending 2016, stocks are pretty flat, but that may end this Friday with Trump's inauguration (hopefully peaceful).
Volume was back to normal, with an edge to speculative (Nasdaq over NYSE), MSI stocks on a Buy signal rose to a new recent high of 74 as did the Bullish Consensus, while VIX "slud" to 11.2.  The Inflation Indicator - TIP hit 114 for the first time in awhile, and Margin Interest hit $500B, near its $507B high - scary, when you think about having to cover that in a major slide -margin calls. MMF outflows doubled from the prior week Here are the numbers:

Date 1/13/17 1/6/2017
Indices: DJIA  19885 19963
NAZ  5574 5521
SPX  2274 2277
WklyVolume (Bshs). naz/ny…. 8.9/4.2 7.2/3.6
Specul.Ratio hi=bullish 2.12 2
Sentiment: put/call-CBOE  64 67
VIX>50-alltmlow=8.8 11.2 11.3
DeltaMSI-50% MAC crossover 74.2 69.8
Advance/Dec-NYSE.. 1757/1339 2369/724
Weekly Net: 418 1645
     Cumulative: 172608 172190
Weekly  NYSE hi/low… 295/39 360/27
New Hi's/Low's Nasdaq h/l 308/79 362/67
McClellan  Oscillator 17 21.4
McClellanSum .+750/-1000 644 577
Newsletter Inv.Intel -Bull 58.4 60.2
Surveys-Tues Bear:-5yrs 18.3 18.4
Wed. AAII  -Bull  43.6 46.2
Bear  27 25.2
US$-WSJ 101.2 103
3-box rev Bullish%-  73 72
US equity -ICI Fund Flows WeekLate (2.1B)
MMF flows Change in $B (22.5B) (11.3B)
MargDebt- top (300M) monthly  NOV. 500B
10-yr Tsy yield hi= stock buying 2.4 2.42
2-yr Tsy Yield: Inflation 1.2 1.21
TIP (ETF) Inflation 114 113.5

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