Sunday, July 2, 2017


Stocks backed off a bit and Breadth recovered slightly; speculative Volume ratio improved (Nas over NY).  Margin Interest declined for the first time in ages. Even MMF flows improved as equities funds flowed out the prior week. Here are the results - let the fireworks begin:

Date 6/30/2017 6/23/2017
Indices: DJIA  21349 21394
NAZ  6140 6265
SPX  2423 2438
WklyVolume (Bshs). naz/ny…. 10.7/4.4 12.5/5.4
Specul.Ratio hi=bullish 2.43 2.31
Sentiment: put/call-CBOE  66 59
VIX>50-alltmlow=8.8 11.2 10
DeltaMSI-50% MAC crossover 61.6 62.2
Advance/Dec-NYSE.. 1688/1404 1533/1556
Weekly Net: 284 -23
     Cumulative: 178137 177853
Weekly  NYSE hi/low… 297/57 368/187
New Hi's/Low's Nasdaq h/l 314/104 319/150
McClellan  Oscillator 0 -2
McClellanSum .+750/-1000 584 583
Newsletter Inv.Intel -Bull na 51.5
Surveys-Tues Bear:-5yrs na 19.4
Wed. AAII  -Bull  na 32.7
Bear  na 28.9
US$-WSJ 95.7 97.3
3-box rev Bullish%-  72 72
US equity -ICI Fund Flows weeklate (7.9B)
MMF flows Change in $B 4.2B (16.2B)
MargDebt- top (300M) monthly  540 549B
10-yr Tsy yield hi= stock buying 2.5 2.1
2-yr Tsy Yield: Inflation 1.38 1.35
TIP (ETF) Inflation 113.4 114.3

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