Monday, April 10, 2017

PREMATURE EVACUATION ??

Credit to Kopin Tan and Barron's for the phrase above and the chart showing corporate insiders selling HUGE numbers for the third time this year. However, just as with the low and steady VIX indicator, it does not necessary presage a market Crash, even though valuations are high.

In fact, as shown below, most Sentiment and Breadth Indicators are pretty much the same ol'.

Date   4/7/2017 3/31/17EOQ
Indices: DJIA  20656 20663
  NAZ  5877 5911
SPX  2355 2362
WklyVolume (Bshs). naz/ny…. 9.3/4.2 8.8/4.1
Specul.Ratio hi=bullish 2.21 2.15
Sentiment: put/call-CBOE  64 57
VIX>50-alltmlow=8.8 12.9 12.4
DeltaMSI-50% MAC crossover 52.2 50.4
Advance/Dec-NYSE.. 1608/1478 2292/809
Weekly Net: 130 1483
     Cumulative: 175496 175366
Weekly  NYSE hi/low… 225/67 227/69
New Hi's/Low's Nasdaq h/l 223/135 275/123
McClellan  Oscillator 14 36
McClellanSum .+750/-1000 405 325
Newsletter Inv.Intel -Bull 55.8 49.5
Surveys-Tues Bear:-5yrs 18.3 18.1
Wed. AAII  -Bull  28.3 30.2
Bear  39.6 37.4
US$-WSJ 101.1 100.6
3-box rev Bullish%-  74 73
US equity -ICI Fund Flows WeekLate 0
MMF flows Change in $B (6B) 0
MargDebt- top (300M) monthly  FEB.: 528B
10-yr Tsy yield hi= stock buying 2.4 2.4
2-yr Tsy Yield: Inflation 1.29 1.25
TIP (ETF) Inflation 114.6 114.6

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