Monday, August 21, 2017


Because it is two-tired !!
That's the way the market seem these lazy days of summer - August.
Last week the NYSE New Highs to Lows went negative, following the week before's Nasdaq lead. Advance/decline stocks also went negative.
Stocks on a BUY signal are barely positive (54), while its twin, the Delta MACD is at 51.
 With no signs of a Recession or Inflation, hopefully it's just setting up for a correction or reaccumulation for another winter rally.

Here are the numbers:

Date 8/18/2017 8/11/2017
Indices: DJIA  21674 21858
NAZ  6216 6256
SPX  2425 2441
WklyVolume (Bshs). naz/ny…. 9.0/3.9 9.5/4.0
Specul.Ratio hi=bullish 2.31 2.38
Sentiment: put/call-CBOE  71 81
VIX>50-alltmlow=8.8 14.3 15.5
DeltaMSI-50% MAC crossover 51 60
Advance/Dec-NYSE.. 1386/1678 561/2527
Weekly Net: -292 -1966
     Cumulative: 177621 177913
Weekly  NYSE hi/low… 164/245 259/231
New Hi's/Low's Nasdaq h/l 147/282 244/297
McClellan  Oscillator -49 -69
McClellanSum .+750/-1000 241 460
Newsletter Inv.Intel -Bull 50.5 57.5
Surveys-Tues Bear:-5yrs 18.1 17
Wed. AAII  -Bull  34.2 33.7
Bear  32.8 32.3
US$-WSJ 93.4 93.1
3-box rev Bullish%-  54 67
US equity -ICI Fund Flows weeklate (2.8B)
MMF flows Change in $B 12.6B 30B
MargDebt- top (300M) monthly 
10-yr Tsy yield hi= stock buying 2.2 2.19
2-yr Tsy Yield: Inflation 1.31 1.29
TIP (ETF) Inflation 114 111.7

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