tag:blogger.com,1999:blog-72810442024-03-12T20:10:35.991-07:00Market Sentiment - A Contrarian ViewThis Internet Blog attempts to exhibit the most meaningful Sentiment Indicators that we believe affect the performance of the market in different time frames; most are Contrarian extremes suggesting that the majority has adopted a certain trend fully at the point at which it is about to reverse. Included are also comments about the Indicators and any other facts or ideas that are pertinent to market action. To Post comments, just click on "comments" and write away.Brent Leonardhttp://www.blogger.com/profile/08765667783604057193noreply@blogger.comBlogger671125tag:blogger.com,1999:blog-7281044.post-14980013393556815702017-09-22T13:08:00.002-07:002017-09-22T13:11:23.954-07:00EARLY EDITIONOn vacation for a couple weeks, so here is the data (most stats) for the past week:<br />
Most data slightly weaker than previous - Delta MSI (stocks on BUYs) had a nice jump up (Bullish), as are most breadth and sentiment indicators recently. VIX broke down below 10 - a good time to buy calls, as we're not out of the Danger Zone yet. Week turned negative toward the end, but still closed to new weekly highs (except NAS).<br />
Here are the numbers so far:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 430px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3986; mso-width-source: userset; width: 82pt;" width="109"></col>
<col style="mso-width-alt: 3840; mso-width-source: userset; width: 79pt;" width="105"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl27" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl32" style="width: 82pt;" width="109" x:num="43000">9/22/2017</td>
<td align="right" class="xl32" style="width: 79pt;" width="105" x:num="42993">9/15/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl28" x:num="">22349</td>
<td align="right" class="xl28" x:num="">22268</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl28" x:num="">6427</td>
<td align="right" class="xl28" x:num="">6448</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl28" x:num="">2502</td>
<td align="right" class="xl28" x:num="">2500</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl33">N/A</td>
<td class="xl33">10.0/5.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td class="xl28">N/A</td>
<td align="right" class="xl34" x:num="">1.85</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td class="xl28">N/A</td>
<td align="right" class="xl29" x:num="">60</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl29" x:num="">9.7</td>
<td align="right" class="xl29" x:num="">10.2</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl33" x:num="">65</td>
<td align="right" class="xl28" x:num="">57</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl29">N/A</td>
<td class="xl28">2097/945</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td class="xl29">N/A</td>
<td align="right" class="xl28" x:num="">1152</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td class="xl29">N/A</td>
<td align="right" class="xl28" x:num="">180684</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl28">N/A</td>
<td class="xl33">373/33</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl28">N/A</td>
<td class="xl33">416/88</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl28" x:num="">15</td>
<td align="right" class="xl28" x:num="">38</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl28" x:num="">648</td>
<td align="right" class="xl28" x:num="">535</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl28" x:num="">50.5</td>
<td align="right" class="xl28" x:num="">47.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl28" x:num="">19</td>
<td align="right" class="xl28" x:num="">20.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl28" x:num="">40.1</td>
<td align="right" class="xl28" x:num="">41.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl28" x:num="">27.2</td>
<td align="right" class="xl28" x:num="">22</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl27"></td>
<td align="right" class="xl31" x:num="">92.2</td>
<td align="right" class="xl31" x:num="">91.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl28" x:num="">69</td>
<td align="right" class="xl28" x:num="">69</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl28">weeklate</td>
<td class="xl28">weeklate</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl28" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl28">Change in $B</td>
<td class="xl34">(16.4B)</td>
<td class="xl33">16.8B*</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl28" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl35" x:str="monthly ">monthly </td>
<td class="xl36"></td>
<td class="xl36">550B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl35">hi= stock buying</td>
<td align="right" class="xl37" x:num="">2.26</td>
<td align="right" class="xl37" x:num="">2.20</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl28" x:num="">1.44</td>
<td align="right" class="xl28" x:num="">1.37</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl27" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl28" x:num="">114</td>
<td align="right" class="xl28" x:num="">114.5</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-45203214848594709242017-09-18T13:26:00.001-07:002017-09-18T13:28:26.767-07:00TECHNICIANS' DELIGHTThanks be to Barron's for their reportage, and a tip of the hat to Sam Stoval of CFRA (much to the displeasure of his papa - Robert, I'm sure) ,and Vito Racanelli's column, several Technical trivia have emerged about the stock market:<br />
2017 is becoming a rara avis historically for stocks, with only 8 days of more than 1% Volatility, vs. the average of 50/year since WWII - with 32 New Highs for the SPX - twice the average during that time. And, only 17 times that Aug. and Sept. ( so far !!) both closed positively.<br />
Vito brings up the issue of declining public stocks, which has been cut in half over the past 20 years ( 3600 vs. 7200 in 1996); private equity seems to be replacing IPOs, due to pressures of being public and private $$ less demanding of activists. I remember the company's mandate before 2000 was what was best for the company and consumer, where it changed to best for the stockholder ( whose major owners were CEOs, etc.) Interesting.<br />
<br />
Not much notable amongst Sentiment and Breadth numbers this week, although markets did make new highs, and the NYSE and Nasdaq new highs jumped, and $$ flowed out of Equities and into MMFs again. And Advance/Declines made a turnaround reversal again from the prior week.<br />
<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 404px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3291; mso-width-source: userset; width: 68pt;" width="90"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl27" style="width: 86pt;" width="115"></td>
<td align="center" class="xl32" style="width: 68pt;" width="90" x:num="42993">9/15/2017</td>
<td align="right" class="xl32" style="width: 74pt;" width="98" x:num="42986">9/8/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl28" x:num="">22268</td>
<td align="right" class="xl28" x:num="">21797</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl28" x:num="">6448</td>
<td align="right" class="xl28" x:num="">6360</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl28" x:num="">2500</td>
<td align="right" class="xl28" x:num="">2461</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl33">10.0/5.4</td>
<td class="xl33">7.5/3.3*</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl34" x:num="">1.85</td>
<td align="right" class="xl28" x:num="">2.27</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl29" x:num="">60</td>
<td align="right" class="xl28" x:num="">63</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl29" x:num="">10.2</td>
<td align="right" class="xl28" x:num="">12.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl28" x:num="">57</td>
<td align="right" class="xl28" x:num="">54</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl28">2097/945</td>
<td class="xl29">1227/1839</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl28" x:num="">1152</td>
<td align="right" class="xl29" x:num="">-612</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl28" x:num="">180684</td>
<td align="right" class="xl29" x:num="">179534</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl33">373/33</td>
<td class="xl28">280/88</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl33">416/88</td>
<td class="xl28">300/132</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl28" x:num="">38</td>
<td align="right" class="xl28" x:num="">13</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl28" x:num="">535</td>
<td align="right" class="xl28" x:num="">347</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl28" x:num="">47.1</td>
<td align="right" class="xl28" x:num="">49.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl28" x:num="">20.2</td>
<td align="right" class="xl28" x:num="">19.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl28" x:num="">41.3</td>
<td align="right" class="xl28" x:num="">29.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl28" x:num="">22</td>
<td align="right" class="xl28" x:num="">35.7</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl27"></td>
<td align="right" class="xl31" x:num="">91.8</td>
<td align="right" class="xl34" x:num="">91.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl28" x:num="">69</td>
<td align="right" class="xl28" x:num="">66</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl28">weeklate</td>
<td class="xl29">(2.9B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl28" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl28">Change in $B</td>
<td class="xl33">16.8B*</td>
<td class="xl33">11.1B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl28" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl35" x:str="monthly ">monthly </td>
<td class="xl36">550B</td>
<td class="xl36"></td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl35">hi= stock buying</td>
<td align="right" class="xl38" x:num="">2.20</td>
<td align="right" class="xl37" x:num="">2.05</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl28" x:num="">1.37</td>
<td align="right" class="xl27" x:num="">1.27</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl27" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl28" x:num="">114.5</td>
<td align="right" class="xl28" x:num="">115.2</td>
</tr>
</tbody></table>
<br />
<br />DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-65968854017518466272017-09-11T12:20:00.000-07:002017-09-11T12:20:07.317-07:00REVERSAL OF FORTUNEI was Shocked ! Shocked ! when I saw the stock market futures last night and more so when it opened today. After all the turmoil - domestically and globally of the weekend, and a dismal August for stocks, the next 4-5 weeks are consistently the worst of the year historically. So we're not out of the woods yet, at least for a minor correction - a Recession is probably still 18-24 months away. But when it hits, it will be a doozy as US and global Debt rises exponentially out of control.<br />
<br />
Volume was down, due to the 4-day week, breadth was slightly negative ( Advances, New Highs, etc.); most all else was frozen from last week. See below:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 404px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
<col style="mso-width-alt: 3291; mso-width-source: userset; width: 68pt;" width="90"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt; width: 76pt;" width="101"></td>
<td class="xl26" style="width: 86pt;" width="115" x:str="SPX ">SPX </td>
<td align="right" class="xl28" style="width: 74pt;" width="98" x:num="">2461</td>
<td align="right" class="xl28" style="width: 68pt;" width="90" x:num="">2476</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">7.5/3.3*</td>
<td class="xl32">8.2/3.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl28" x:num="">2.27</td>
<td align="right" class="xl28" x:num="">2.28</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl28" x:num="">63</td>
<td align="right" class="xl28" x:num="">57</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl28" x:num="">12.1</td>
<td align="right" class="xl28" x:num="">10.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl28" x:num="">54</td>
<td align="right" class="xl28" x:num="">51</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl29">1227/1839</td>
<td class="xl28">2210/867</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl29" x:num="">-612</td>
<td align="right" class="xl28" x:num="">1343</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl29" x:num="">179534</td>
<td class="xl28">180146nh</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl28">280/88</td>
<td class="xl28">285/115</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl28">300/132</td>
<td class="xl28">302/133</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl28" x:num="">13</td>
<td align="right" class="xl31" x:num="">46</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl28" x:num="">347</td>
<td align="right" class="xl28" x:num="">267</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl28" x:num="">49.5</td>
<td align="right" class="xl28" x:num="">49.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl28" x:num="">19.1</td>
<td align="right" class="xl28" x:num="">19.1</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl28" x:num="">29.3</td>
<td align="right" class="xl32" x:num="">25</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl28" x:num="">35.7</td>
<td align="right" class="xl31" x:num="">39.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl27"></td>
<td align="right" class="xl32" x:num="">91.3</td>
<td align="right" class="xl28" x:num="">92.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl28" x:num="">66</td>
<td align="right" class="xl28" x:num="">66</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl28" height="27" style="height: 20.25pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl28">weeklate</td>
<td class="xl31">3.7B</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl28" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl28">Change in $B</td>
<td class="xl31">11.1B</td>
<td class="xl32">(20B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl28" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl33" x:str="monthly ">monthly </td>
<td class="xl34"></td>
<td class="xl34">JULY:</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl33">hi= stock buying</td>
<td align="right" class="xl35" x:num="">2.05</td>
<td align="right" class="xl35" x:num="">2.17</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl27" x:num="">1.27</td>
<td align="right" class="xl27" x:num="">1.35</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl27" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl28" x:num="">115.2</td>
<td align="right" class="xl28" x:num="">114.2</td>
</tr>
</tbody></table>
<br />
<br />DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-53005438136227922472017-09-05T09:50:00.001-07:002017-09-05T09:51:19.642-07:00RECESSIn school, Recess was always looked forward to - but in Economics, Recessions are definitely anathema . As history is our guide, nearly every zero year in the decade has seen one- since 1900 there has always been at least one ( up to 3).<br />
So far in the last ten years we have not seen one. Barron's Cover story has a nice chart of how stock Crashes involve Recessions, usually precede the "R" by a year or so, and 5 of the last 6 since 1970 were just after the 0. <br />
As for now, both Technical and Fundamental (Quant) signals are still Bullish, but the next 3-4 weeks could see a single-digit Correction before a final leg up into next year. Another conclusive signal to watch for in a R is the Flat Yield curve, where short term rates - 2-year and 3-month Treasurys (as well as the Fed Funds) are higher than the 10-year Tsy. (backwardation in futures lingo).<br />
<br />
Last week saw Volume starting to pick up again as the Nasdaq made a new high ; the McClellan Oscillator (advances v. decline formula) gave a sell signal Friday at +46 -providential. Finally, MMFs (money markets) Flows reversed bigtime -see below:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 411px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3291; mso-width-source: userset; width: 68pt;" width="90"></col>
<col style="mso-width-alt: 3840; mso-width-source: userset; width: 79pt;" width="105"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl27" style="width: 86pt;" width="115"></td>
<td align="right" class="xl31" style="width: 68pt;" width="90" x:num="42979">9/1/2017</td>
<td align="right" class="xl31" style="width: 79pt;" width="105" x:num="42972">8/25/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl28" x:num="">21987</td>
<td align="right" class="xl28" x:num="">21813</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td class="xl28">6435nh</td>
<td align="right" class="xl28" x:num="">6265</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl28" x:num="">2476</td>
<td align="right" class="xl28" x:num="">2443</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl33">8.2/3.6</td>
<td class="xl33">7.6/3.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl28" x:num="">2.28</td>
<td align="right" class="xl28" x:num="">2.17</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl28" x:num="">57</td>
<td align="right" class="xl28" x:num="">61</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl28" x:num="">10.1</td>
<td align="right" class="xl28" x:num="">11.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl28" x:num="">51</td>
<td align="right" class="xl28" x:num="">48</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl28">2210/867</td>
<td class="xl28">2126/944</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl28" x:num="">1343</td>
<td align="right" class="xl28" x:num="">1182</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td class="xl28">180146nh</td>
<td align="right" class="xl28" x:num="">178803</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl28">285/115</td>
<td class="xl28">207/203</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl28">302/133</td>
<td class="xl29">152/222</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl32" x:num="">46</td>
<td align="right" class="xl28" x:num="">8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl28" x:num="">267</td>
<td align="right" class="xl28" x:num="">172</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl28" x:num="">49.5</td>
<td align="right" class="xl29" x:num="">48.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl28" x:num="">19.1</td>
<td align="right" class="xl28" x:num="">18.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl33" x:num="">25</td>
<td align="right" class="xl33" x:num="">28.1</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl32" x:num="">39.9</td>
<td align="right" class="xl32" x:num="">38.3</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">US$-WSJ</td>
<td class="xl27"></td>
<td align="right" class="xl28" x:num="">92.8</td>
<td align="right" class="xl35" x:num="">92.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl28" x:num="">66</td>
<td align="right" class="xl28" x:num="">65</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl28">weeklate</td>
<td class="xl28">(4.7B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl28" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl28">Change in $B</td>
<td class="xl33">(20B)</td>
<td class="xl32">29,4B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl28" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl34" x:str="monthly ">monthly </td>
<td class="xl36">JULY:</td>
<td class="xl36">550B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl34">hi= stock buying</td>
<td align="right" class="xl39" x:num="">2.17</td>
<td align="right" class="xl37" x:num="">2.17</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl27" x:num="">1.35</td>
<td align="right" class="xl38" x:num="">1.33</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl27" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl28" x:num="">114.2</td>
<td align="right" class="xl28" x:num="">114.1</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-22251844372483000642017-08-28T13:00:00.000-07:002017-08-28T13:01:36.270-07:00unLABOR DAYA week before Labor Day, everyone, including global economists at Jackson Hole, seems to be on vacation - with both NYSE and Nasdaq Volume below normal levels. However, the recent market decline has reversed, as has the NYSE Hi/Lo reading. The AAII Bull/Bear ratio inverted to the Bear side (Bullish for stocks); the Dollar hit a new recent Low, and MMF inflows continue to expand, as they leave equity funds and ETFs. But Margin Debt leapt back to all time highs, with low interest rates. Not a good sign for when rates rise again, just as with the national debt of $20T !!<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 408px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3401; mso-width-source: userset; width: 70pt;" width="93"></col>
<col style="mso-width-alt: 3620; mso-width-source: userset; width: 74pt;" width="99"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl27" style="width: 86pt;" width="115"></td>
<td align="center" class="xl32" style="width: 70pt;" width="93" x:num="42972"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 105px;" x:str=""><tbody>
<tr height="24" style="height: 18.0pt;">
<td align="right" class="xl24" height="24" style="height: 18.0pt; width: 79pt;" width="105" x:num="42972">8/25/2017</td></tr>
</tbody></table>
</td>
<td align="right" class="xl32" style="width: 74pt;" width="99" x:num="42965">8/18/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl28" x:num="">21813</td>
<td align="right" class="xl29" x:num="">21674</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl28" x:num="">6265</td>
<td align="right" class="xl29" x:num="">6216</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl28" x:num="">2443</td>
<td align="right" class="xl29" x:num="">2425</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl34">7.6/3.5</td>
<td class="xl28">9.0/3.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl28" x:num="">2.17</td>
<td align="right" class="xl28" x:num="">2.31</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl28" x:num="">61</td>
<td align="right" class="xl34" x:num="">71</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl28" x:num="">11.3</td>
<td align="right" class="xl34" x:num="">14.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl28" x:num="">48</td>
<td align="right" class="xl34" x:num="">51</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl28">2126/944</td>
<td class="xl30">1386/1678</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl28" x:num="">1182</td>
<td align="right" class="xl30" x:num="">-292</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl28" x:num="">178803</td>
<td align="right" class="xl30" x:num="">177621</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl28">207/203</td>
<td class="xl34">164/245</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl29">152/222</td>
<td class="xl30">147/282</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl28" x:num="">8</td>
<td align="right" class="xl34" x:num="">-49</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl28" x:num="">172</td>
<td align="right" class="xl28" x:num="">241</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl29" x:num="">48.1</td>
<td align="right" class="xl28" x:num="">50.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl28" x:num="">18.3</td>
<td align="right" class="xl28" x:num="">18.1</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl34" x:num="">28.1</td>
<td align="right" class="xl28" x:num="">34.2</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl33" x:num="">38.3</td>
<td align="right" class="xl28" x:num="">32.8</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">US$-WSJ</td>
<td class="xl27"></td>
<td align="right" class="xl36" x:num="">92.5</td>
<td align="right" class="xl28" x:num="">93.4</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl28" x:num="">65</td>
<td align="right" class="xl36" x:num="">54</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl28">weeklate</td>
<td class="xl37">(11.2B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl28" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl28">Change in $B</td>
<td class="xl33">29,4B</td>
<td class="xl33">12.6B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl28" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl35" x:str="monthly ">monthly </td>
<td class="xl38">550B</td>
<td class="xl28"></td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl35">hi= stock buying</td>
<td align="right" class="xl39" x:num="">2.17</td>
<td align="right" class="xl28" x:num="">2.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl40" x:num="">1.33</td>
<td align="right" class="xl28" x:num="">1.31</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl27" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl28" x:num="">114.1</td>
<td align="right" class="xl28" x:num="">114</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-71090921964579509162017-08-21T10:40:00.001-07:002017-08-21T10:42:03.350-07:00WHY DOES A BICYCLE ALWAYS FALL DOWN?Because it is two-tired !!<br />
That's the way the market seem these lazy days of summer - August.<br />
Last week the NYSE New Highs to Lows went negative, following the week before's Nasdaq lead. Advance/decline stocks also went negative.<br />
Stocks on a BUY signal are barely positive (54), while its twin, the Delta MACD is at 51.<br />
With no signs of a Recession or Inflation, hopefully it's just setting up for a correction or reaccumulation for another winter rally.<br />
<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 404px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3364; mso-width-source: userset; width: 69pt;" width="92"></col>
<col style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl27" style="width: 86pt;" width="115"></td>
<td align="center" class="xl32" style="width: 69pt;" width="92" x:num="42965">8/18/2017</td>
<td align="right" class="xl35" style="width: 72pt;" width="96" x:num="42958">8/11/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl29" x:num="">21674</td>
<td align="right" class="xl28" x:num="">21858</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl29" x:num="">6216</td>
<td align="right" class="xl28" x:num="">6256</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl29" x:num="">2425</td>
<td align="right" class="xl28" x:num="">2441</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl28">9.0/3.9</td>
<td class="xl28">9.5/4.0</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl28" x:num="">2.31</td>
<td align="right" class="xl28" x:num="">2.38</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl34" x:num="">71</td>
<td align="right" class="xl33" x:num="">81</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl34" x:num="">14.3</td>
<td align="right" class="xl33" x:num="">15.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl34" x:num="">51</td>
<td align="right" class="xl28" x:num="">60</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl30">1386/1678</td>
<td class="xl34">561/2527</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl30" x:num="">-292</td>
<td align="right" class="xl34" x:num="">-1966</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl30" x:num="">177621</td>
<td align="right" class="xl30" x:num="">177913</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl34">164/245</td>
<td class="xl28">259/231</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl30">147/282</td>
<td class="xl30">244/297</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl34" x:num="">-49</td>
<td align="right" class="xl34" x:num="">-69</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl28" x:num="">241</td>
<td align="right" class="xl29" x:num="">460</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl28" x:num="">50.5</td>
<td align="right" class="xl28" x:num="">57.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl28" x:num="">18.1</td>
<td align="right" class="xl28" x:num="">17</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl28" x:num="">34.2</td>
<td align="right" class="xl28" x:num="">33.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl28" x:num="">32.8</td>
<td align="right" class="xl28" x:num="">32.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl27"></td>
<td align="right" class="xl28" x:num="">93.4</td>
<td align="right" class="xl29" x:num="">93.1</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl37" x:num="">54</td>
<td align="right" class="xl28" x:num="">67</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl28">weeklate</td>
<td class="xl29">(2.8B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl28" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl28">Change in $B</td>
<td class="xl33">12.6B</td>
<td class="xl27">30B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl28" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl36" x:str="monthly ">monthly </td>
<td class="xl28"></td>
<td class="xl28"></td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl36">hi= stock buying</td>
<td align="right" class="xl28" x:num="">2.2</td>
<td align="right" class="xl28" x:num="">2.19</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl28" x:num="">1.31</td>
<td align="right" class="xl28" x:num="">1.29</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl27" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl28" x:num="">114</td>
<td align="right" class="xl30" x:num="">111.7</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-48596795875732127872017-08-14T11:12:00.000-07:002017-08-14T11:12:20.337-07:00FEDERAL RESERVE OR FEDERAL REVERSE??August's second half and September are the worst time of year for the Stock Market - will the Fed keep raising rates to fight no imminent Inflation? We finally got a shot across the bow last week with a market downdraft of more than 1%, but have rallied almost all the way back in a retracement - the McClellan Oscillator gave us the clue at minus 69 (below 50), and the CBOE put/call option ratio spiked to 81 as the VIX almost doubled. MMFs flows jumped up from mutual funds, and NYSE Breadth was terrible. See below:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 408px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col span="2" style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl27" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl35" style="width: 72pt;" width="96" x:num="42958">8/11/2017</td>
<td align="right" class="xl32" style="width: 72pt;" width="96" x:num="42951">8/4/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl28" x:num="">21858</td>
<td align="right" class="xl27" x:num="">22092</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl28" x:num="">6256</td>
<td align="right" class="xl27" x:num="">6351</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl28" x:num="">2441</td>
<td align="right" class="xl27" x:num="">2476</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl28">9.5/4.0</td>
<td class="xl28">9.7/4.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl28" x:num="">2.38</td>
<td align="right" class="xl28" x:num="">2.26</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl33" x:num="">81</td>
<td align="right" class="xl28" x:num="">68</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl33" x:num="">15.5</td>
<td align="right" class="xl28" x:num="">10</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl28" x:num="">60</td>
<td align="right" class="xl28" x:num="">66.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl34">561/2527</td>
<td class="xl28">1522/1546</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl34" x:num="">-1966</td>
<td align="right" class="xl29" x:num="">-24</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl30" x:num="">177913</td>
<td align="right" class="xl29" x:num="">179879</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl28">259/231</td>
<td class="xl28">388/131</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl30">244/297</td>
<td class="xl28">298/216</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl34" x:num="">-69</td>
<td align="right" class="xl29" x:num="">-13</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl29" x:num="">460</td>
<td align="right" class="xl28" x:num="">711</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl28" x:num="">57.5</td>
<td align="right" class="xl28" x:num="">60</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl28" x:num="">17</td>
<td align="right" class="xl28" x:num="">16.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl28" x:num="">33.7</td>
<td align="right" class="xl28" x:num="">36.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl28" x:num="">32.3</td>
<td align="right" class="xl28" x:num="">32.1</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl27"></td>
<td align="right" class="xl29" x:num="">93.1</td>
<td align="right" class="xl28" x:num="">93.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl28" x:num="">67</td>
<td align="right" class="xl28" x:num="">69</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl28">weeklate</td>
<td class="xl29">(3.9B)</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl28">Change in $B</td>
<td class="xl27">30B</td>
<td class="xl28">20.4B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl28" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl36" x:str="monthly ">monthly </td>
<td class="xl28"></td>
<td class="xl28"></td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl36">hi= stock buying</td>
<td align="right" class="xl28" x:num="">2.19</td>
<td align="right" class="xl28" x:num="">2.26</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl28" x:num="">1.29</td>
<td align="right" class="xl28" x:num="">1.35</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl27" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl30" x:num="">111.7</td>
<td align="right" class="xl28" x:num="">113.6</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-25594289427588678512017-07-31T09:22:00.001-07:002017-07-31T09:22:11.538-07:00HOLD YOUR BREADTH!!Breadth, in Stock market terms, usually means strength of markets, such as Advancing stocks over Decliners, New Highs over Lows, etc. Last week the change on the NYSE was....+7 stocks. Otherwise, New Highs were strong on both markets, the New Market High treadmill keeps ramping UP - The Trend is your Friend, until it Bends at the End.<br />
The Dollar seeks new recent lows, as other countries support their currencies with sharper rate hikes than our Fed. The end-of-month Margin Interest number is out, near record highs, thanks to the low rates.<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 408px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col span="2" style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl35" style="width: 72pt;" width="96" x:num="42944">7/28/2017</td>
<td align="right" class="xl36" style="width: 72pt;" width="96" x:num="42937">7/21/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl29" x:num="">21830</td>
<td align="right" class="xl29" x:num="">21580</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl29" x:num="">6374</td>
<td align="right" class="xl29" x:num="">6387</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl29" x:num="">2472</td>
<td align="right" class="xl29" x:num="">2472</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">.8/4.4</td>
<td class="xl29">8.6/3.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.23</td>
<td align="right" class="xl29" x:num="">2.32</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">72</td>
<td align="right" class="xl29" x:num="">58</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl31" x:num="">10.3</td>
<td align="right" class="xl29" x:num="">9.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl31" x:num="">72.6</td>
<td align="right" class="xl37" x:num="">69.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1533/1526</td>
<td class="xl29">1881/1182</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl31" x:num="">7</td>
<td align="right" class="xl29" x:num="">699</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl31" x:num="">179903</td>
<td align="right" class="xl29" x:num="">179896</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">421/75</td>
<td class="xl29">431/48</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">432/146</td>
<td class="xl29">393/122</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl32" x:num="">-1</td>
<td align="right" class="xl31" x:num="">18</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">750</td>
<td align="right" class="xl31" x:num="">727</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">60.2</td>
<td align="right" class="xl29" x:num="">57.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">16.5</td>
<td align="right" class="xl29" x:num="">16.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">34.5</td>
<td align="right" class="xl29" x:num="">36</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">24.3</td>
<td align="right" class="xl29" x:num="">26</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl31" x:num="">93.3</td>
<td align="right" class="xl29" x:num="">94</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">73</td>
<td align="right" class="xl29" x:num="">75</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">weeklate</td>
<td class="xl32">(4.5B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl37">23.3B</td>
<td class="xl33">(9.9B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl34">539B</td>
<td class="xl29">JUNE</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl31" x:num="">2.29</td>
<td align="right" class="xl38" x:num="">2.24</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl31" x:num="">1.35</td>
<td align="right" class="xl29" x:num="">1.34</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl31" x:num="">113.7</td>
<td align="right" class="xl29" x:num="">113.6</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-59477659614885944772017-07-24T16:36:00.002-07:002017-07-24T16:40:26.888-07:00UPDATE TIMEOne of my readers last week requested that I update and explain the Sentiment Indicators I post weekly on this site. Over the past decade I have deleted and added a few. None of these Contrary Opinion numbers are actionable by themselves, but taken together can warn of speculative emotions.<br />
The Indices are self-explanatory w/w ( week over week); Volume is Nasdaq vs. NYSE, a speculative signal; the CBOE equity Put to Call ratio and VIX are fear guides.<br />
A new Delta MACD crossover is a bullish ( above 50) number , similar to Bullish %, or stocks on a BUY signal; Breadth is signalled by Advance/Decline, along with cumulative -now near record highs; also New Highs and Lows on the NYSE and Nasdaq.<br />
The McClellan Oscillator ( and cum. Summation) is also a chart of advance/declines in a formula. The AAII and Investors' Intelligence Bull/Bear ratios are contrary - the I I become harder to locate recently ( I might switch back to Rydex.<br />
Margin Debt remains HUGE, what with low rates; fund flows measure public $$, what with the ETF monster sucking up much in Index funds - some coming from Index Mutual Funds!!! Finally, the 2 and 10- year Treas. rates can be used to forecast a Recession - for over a Century we have never had a 10-year period where a Recession did not happen, and it always had an inverted Yield Curve (backwardation, not Contango) -the spread is lessening recently, as is the 3-month to 10-year TSY.<br />
TIPs measure Inflation which at present is nonexistent.<br />
Here are the recent numbers:<br />
<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 403px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3547; mso-width-source: userset; width: 73pt;" width="97"></col>
<col style="mso-width-alt: 3291; mso-width-source: userset; width: 68pt;" width="90"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"></td>
<td align="right" class="xl34" style="width: 73pt;" width="97" x:num="42937">7/21/2017</td>
<td align="center" class="xl33" style="width: 68pt;" width="90" x:num="42930">7/14/17</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl29" x:num="">21580</td>
<td align="right" class="xl29" x:num="">21637</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl29" x:num="">6387</td>
<td align="right" class="xl29" x:num="">6312</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl29" x:num="">2472</td>
<td align="right" class="xl29" x:num="">2459</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl29">8.6/3.7</td>
<td class="xl31">8.6/3.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl29" x:num="">2.32</td>
<td align="right" class="xl31" x:num="">2.26</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl29" x:num="">58</td>
<td align="right" class="xl31" x:num="">61</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl29" x:num="">9.4</td>
<td align="right" class="xl29" x:num="">9.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl35" x:num="">69.9</td>
<td align="right" class="xl31" x:num="">58.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl29">1881/1182</td>
<td class="xl29">2174/902</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl29" x:num="">699</td>
<td align="right" class="xl29" x:num="">1272</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl29" x:num="">179896</td>
<td align="right" class="xl29" x:num="">179197</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl29">431/48</td>
<td class="xl31">323/83</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl29">393/122</td>
<td class="xl29">282/153</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl31" x:num="">18</td>
<td align="right" class="xl31" x:num="">29</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">727</td>
<td align="right" class="xl31" x:num="">594</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td class="xl29">na</td>
<td align="right" class="xl31" x:num="">50</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td class="xl29">na</td>
<td align="right" class="xl31" x:num="">18.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl29" x:num="">36</td>
<td align="right" class="xl31" x:num="">28.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl29" x:num="">26</td>
<td align="right" class="xl31" x:num="">29.6</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl29" x:num="">94</td>
<td align="right" class="xl31" x:num="">95.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl29" x:num="">75</td>
<td align="right" class="xl31" x:num="">73</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">weeklate</td>
<td class="xl31">(2.1B)</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl32">(9.9B)</td>
<td align="right" class="xl29" x:num="">0</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl29"></td>
<td class="xl29">540B</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl36" x:num="">2.24</td>
<td align="right" class="xl29" x:num="">2.33</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.34</td>
<td align="right" class="xl29" x:num="">1.36</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl29" x:num="">113.6</td>
<td align="right" class="xl29" x:num="">113</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-81338899004427809102017-07-17T12:37:00.002-07:002017-07-17T12:37:31.000-07:00DOG DAYS OF SUMMERAccording to Tom Bowley of Stockcharts, for the past 20 years (1998 on) the worst 3 months of the year have been - July, Aug., and Sept. Averaging around 50% of the time being up for the month. Although we keep hitting new highs, Volume and Momentum seem to have caught the Summer malaise.<br />
Sentiment seems to also be on Hold, with Extremes being the margin interest (down slightly from mo/mo record highs), and the Institutions (Wire house newsletters) wildly Bullish (3 : 1) , while us amateurs - AAII are dead even (Bulls and Bears. The yield Curve - 10-yr. Treas. vs. 3-month - is the lowest since 2006-8 when we had the sliding down market into the Recession.<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 402px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3291; mso-width-source: userset; width: 68pt;" width="90"></col>
<col style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="center" class="xl34" style="width: 68pt;" width="90" x:num="42930">#######</td>
<td align="right" class="xl34" style="width: 72pt;" width="96" x:num="42923">7/7/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl29" x:num="">21637</td>
<td align="right" class="xl29" x:num="">21414</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl29" x:num="">6312</td>
<td align="right" class="xl29" x:num="">6153</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl29" x:num="">2459</td>
<td align="right" class="xl29" x:num="">2425</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">8.6/3.8</td>
<td class="xl29">6.6/3.0*</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.26</td>
<td align="right" class="xl29" x:num="">2.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">61</td>
<td align="right" class="xl29" x:num="">63</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl29" x:num="">9.5</td>
<td align="right" class="xl29" x:num="">11.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl31" x:num="">58.9</td>
<td align="right" class="xl29" x:num="">63.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl29">2174/902</td>
<td class="xl33">1418/1630</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl29" x:num="">1272</td>
<td align="right" class="xl33" x:num="">-212</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl29" x:num="">179197</td>
<td align="right" class="xl33" x:num="">177925</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">323/83</td>
<td class="xl31">229/96</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl29">282/153</td>
<td class="xl31">164/107</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl31" x:num="">29</td>
<td align="right" class="xl32" x:num="">-11</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">594</td>
<td align="right" class="xl32" x:num="">560</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">50</td>
<td align="right" class="xl31" x:num="">52.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">18.6</td>
<td align="right" class="xl31" x:num="">18.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">28.2</td>
<td align="right" class="xl31" x:num="">29.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">29.6</td>
<td align="right" class="xl31" x:num="">29.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl31" x:num="">95.1</td>
<td align="right" class="xl31" x:num="">96</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">73</td>
<td align="right" class="xl31" x:num="">73</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">weeklate</td>
<td class="xl32">(11.6B)</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td align="right" class="xl29" x:num="">0</td>
<td class="xl29">4.7B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl29">540B</td>
<td class="xl29">May</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl29" x:num="">2.33</td>
<td align="right" class="xl29" x:num="">2.39</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.36</td>
<td align="right" class="xl29" x:num="">1.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl29" x:num="">113</td>
<td align="right" class="xl33" x:num="">112.4</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-86455281790382203902017-07-08T11:55:00.001-07:002017-07-08T11:55:39.600-07:00SAME OLDNot much change over the mid-week Holiday. Indices were positive, breadth negative, Volume almost halved. The TIP did break down below 113, and short term Treasury rates jumped a bit.<br />
Bull/Bear ratios still very strong on the Bull side, as investors pour $$ into ETFs now, mostly SPY.<br />
Great interview of Burton Malkiel on this by Consuela Mack - Wealthtrack (PBS or .com).<br />
Question is - which ends first?: Fed propping up the markets or Index fund Inflows, propping up weak as well as strong stocks in each Index.<br />
Here are last week's numbers:<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 408px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col span="2" style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl35" style="width: 72pt;" width="96" x:num="42923">7/7/2017</td>
<td align="right" class="xl35" style="width: 72pt;" width="96" x:num="42916">6/30/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl29" x:num="">21414</td>
<td align="right" class="xl31" x:num="">21349</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl29" x:num="">6153</td>
<td align="right" class="xl31" x:num="">6140</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl29" x:num="">2425</td>
<td align="right" class="xl31" x:num="">2423</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl29">6.6/3.0*</td>
<td class="xl31">10.7/4.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl29" x:num="">2.2</td>
<td align="right" class="xl32" x:num="">2.43</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl29" x:num="">63</td>
<td align="right" class="xl31" x:num="">66</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl29" x:num="">11.2</td>
<td align="right" class="xl31" x:num="">11.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl29" x:num="">63.3</td>
<td align="right" class="xl33" x:num="">61.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl34">1418/1630</td>
<td class="xl31">1688/1404</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl34" x:num="">-212</td>
<td align="right" class="xl29" x:num="">284</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl34" x:num="">177925</td>
<td align="right" class="xl29" x:num="">178137</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">229/96</td>
<td class="xl31">297/57</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">164/107</td>
<td class="xl31">314/104</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl33" x:num="">-11</td>
<td align="right" class="xl33" x:num="">0</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl33" x:num="">560</td>
<td align="right" class="xl33" x:num="">584</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">52.5</td>
<td align="right" class="xl31" x:num="">54.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">18.8</td>
<td align="right" class="xl31" x:num="">18.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">29.6</td>
<td align="right" class="xl31" x:num="">29.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">29.9</td>
<td align="right" class="xl33" x:num="">26.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl31" x:num="">96</td>
<td align="right" class="xl38" x:num="">95.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">73</td>
<td align="right" class="xl31" x:num="">72</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">weeklate</td>
<td class="xl33"> (4.4B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl29">4.7B</td>
<td class="xl32">4.2B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl29"></td>
<td align="right" class="xl36" x:num="">540</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl29" x:num="">2.39</td>
<td align="right" class="xl37" x:num="">2.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.4</td>
<td align="right" class="xl29" x:num="">1.38</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl34" x:num="">112.4</td>
<td align="right" class="xl31" x:num="">113.4</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-43676464881657253602017-07-02T17:31:00.002-07:002017-07-02T17:33:22.876-07:00RECESS TIMEStocks 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:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 409px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
<col style="mso-width-alt: 3547; mso-width-source: userset; width: 73pt;" width="97"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"></td>
<td align="right" class="xl35" style="width: 72pt;" width="96" x:num="42916">6/30/2017</td>
<td align="right" class="xl35" style="width: 73pt;" width="97" x:num="42909">6/23/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">21349</td>
<td align="right" class="xl31" x:num="">21394</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">6140</td>
<td align="right" class="xl31" x:num="">6265</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2423</td>
<td align="right" class="xl31" x:num="">2438</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">10.7/4.4</td>
<td class="xl32">12.5/5.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl32" x:num="">2.43</td>
<td align="right" class="xl31" x:num="">2.31</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">66</td>
<td align="right" class="xl33" x:num="">59</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl31" x:num="">11.2</td>
<td align="right" class="xl33" x:num="">10</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl33" x:num="">61.6</td>
<td align="right" class="xl33" x:num="">62.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1688/1404</td>
<td class="xl33">1533/1556</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl29" x:num="">284</td>
<td align="right" class="xl34" x:num="">-23</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl29" x:num="">178137</td>
<td align="right" class="xl34" x:num="">177853</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">297/57</td>
<td class="xl31">368/187</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">314/104</td>
<td class="xl31">319/150</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl33" x:num="">0</td>
<td align="right" class="xl33" x:num="">-2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl33" x:num="">584</td>
<td align="right" class="xl33" x:num="">583</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td class="xl31">na</td>
<td align="right" class="xl31" x:num="">51.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td class="xl31">na</td>
<td align="right" class="xl31" x:num="">19.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td class="xl31">na</td>
<td align="right" class="xl31" x:num="">32.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td class="xl33">na</td>
<td align="right" class="xl33" x:num="">28.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl39" x:num="">95.7</td>
<td align="right" class="xl37" x:num="">97.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">72</td>
<td align="right" class="xl31" x:num="">72</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">weeklate</td>
<td class="xl33">(7.9B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl32">4.2B</td>
<td class="xl38">(16.2B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td align="right" class="xl36" x:num="">540</td>
<td class="xl36">549B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl37" x:num="">2.5</td>
<td align="right" class="xl37" x:num="2.14">2.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.38</td>
<td align="right" class="xl29" x:num="">1.35</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl31" x:num="">113.4</td>
<td align="right" class="xl31" x:num="">114.3</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-17351709675027145832017-06-24T12:42:00.001-07:002017-06-24T12:42:12.221-07:00Computer RepairedAfter a brief hiatus, we're back with the Sentiment Blog:<br />
Notables last week (ending June 23) - the continuing parity between Advances and declines:<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 194px;" x:str=""><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt; width: 73pt;" width="97">1533/1556</td>
<td class="xl24" style="width: 73pt;" width="97">1490/1581,etc. - a very minor number between Adv. and Decl.</td></tr>
</tbody></table>
( I guess my PC is not quite well) <div>
The McClellan Oscillator also minimal - from +1 to -2;</div>
<div>
Week late but telling, the MMF outflows were HUGE, ad were Equity (stocks) inflows.<br /><div>
Lastly, Nasdaq Volume set a record high, as speculation is Bullish, as is the new his/los/</div>
</div>
<div>
See Below:</div>
<div>
<br /></div>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 410px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col span="2" style="mso-width-alt: 3547; mso-width-source: userset; width: 73pt;" width="97"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl35" style="width: 73pt;" width="97" x:num="42909">6/23/2017</td>
<td align="right" class="xl35" style="width: 73pt;" width="97" x:num="42902">6/16/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">21394</td>
<td align="right" class="xl31" x:num="">21384</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">6265</td>
<td align="right" class="xl31" x:num="">6151</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2438</td>
<td align="right" class="xl31" x:num="">2433</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl32">12.5/5.4</td>
<td class="xl31">11.4/5.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.31</td>
<td align="right" class="xl31" x:num="">2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl33" x:num="">59</td>
<td align="right" class="xl31" x:num="">69</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" colspan="2" height="31" style="height: 23.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl33" x:num="">10</td>
<td align="right" class="xl39" x:num="">10.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl33" x:num="">62.2</td>
<td align="right" class="xl29" x:num="">63.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl33">1533/1556</td>
<td class="xl33">1490/1581</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl34" x:num="">-23</td>
<td align="right" class="xl33" x:num="">-91</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl34" x:num="">177853</td>
<td align="right" class="xl34" x:num="">177876</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">368/187</td>
<td class="xl31">350/120</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">319/150</td>
<td class="xl31">281/157</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl33" x:num="">-2</td>
<td align="right" class="xl31" x:num="">1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl33" x:num="">583</td>
<td align="right" class="xl31" x:num="">638</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">51.5</td>
<td align="right" class="xl31" x:num="">50</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">19.4</td>
<td align="right" class="xl31" x:num="">18.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">32.7</td>
<td align="right" class="xl31" x:num="">32.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl33" x:num="">28.9</td>
<td align="right" class="xl31" x:num="">29.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl37" x:num="">97.3</td>
<td align="right" class="xl38" x:num="">97.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">72</td>
<td align="right" class="xl31" x:num="">70</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">weeklate</td>
<td class="xl31">19.6B</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl40">(16.2B)</td>
<td class="xl32">na</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl36">549B</td>
<td class="xl36"></td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl37" x:num="2.14">2.1</td>
<td align="right" class="xl38" x:num="">2.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.35</td>
<td align="right" class="xl31" x:num="">1.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl31" x:num="">114.3</td>
<td align="right" class="xl31" x:num="">113.7</td>
</tr>
</tbody></table>
</div>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-86011525654514927422017-05-15T13:23:00.000-07:002017-05-15T13:23:00.153-07:00HOW HIGH THE MOONMarkets continue to make new highs almost every day and week, despite all the global calamities from elections, firings, to rockets. In a recent excellent webinar by Option King Larry McMillan, he not only analyzes the VIX Indicator and its misuse, but opines that if the S&P 500 breaks above the May 9 closing high of 2401 and closes twice above that, the market should resume its uptrend. FANG stocks are also propelling the NASDAQ to new highs, although Inflation Adjusted, it is not quite the case.It broke 5000 in March of 2000. BTW - today's close of the SPX was 2402 !!!<br />
<br />
Sentiment Indicators remain mostly the same except for Mutual fund flows out instead of in last week; The I.I. Bull/Bear ratio stayed at its extreme of over 3:1 (normally a dangerous complacent signal). It was also noted that the NYSE Advance/Decline breadth numbers are not the best to use, as 30% of NYSE Volume nowadays is in ETFs, plus closed end funds, preferred stocks, etc.<br />
<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 412px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3620; mso-width-source: userset; width: 74pt;" width="99"></col>
<col style="mso-width-alt: 3547; mso-width-source: userset; width: 73pt;" width="97"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl36" style="width: 74pt;" width="99" x:num="42867">5/12/2017</td>
<td align="right" class="xl36" style="width: 73pt;" width="97" x:num="42860">5/5/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">20896</td>
<td align="right" class="xl31" x:num="">21006</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">6121</td>
<td align="right" class="xl31" x:num="">6100</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2390</td>
<td align="right" class="xl31" x:num="">2399</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">9.6/4.1</td>
<td class="xl31">9.9/4.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.34</td>
<td align="right" class="xl31" x:num="">2.25</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl34" x:num="">61</td>
<td align="right" class="xl32" x:num="">66</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl34" x:num="">10.4</td>
<td align="right" class="xl32" x:num="">10.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl34" x:num="">55.4</td>
<td align="right" class="xl31" x:num="">60.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1352/1626</td>
<td class="xl31">1548/1535</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl34" x:num="">-274</td>
<td align="right" class="xl31" x:num="">13</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl35" x:num="">176539</td>
<td align="right" class="xl29" x:num="">176813</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">325/92</td>
<td class="xl31">427/137</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">393/200</td>
<td class="xl31">429/196</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl34" x:num="">-23</td>
<td align="right" class="xl31" x:num="">0</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl34" x:num="">545</td>
<td align="right" class="xl31" x:num="">609</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">58.7</td>
<td align="right" class="xl31" x:num="">58.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">17.3</td>
<td align="right" class="xl31" x:num="">17.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">32.7</td>
<td align="right" class="xl31" x:num="">38.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">30.2</td>
<td align="right" class="xl31" x:num="">29.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl39" x:num="">99.2</td>
<td align="right" class="xl38" x:num="">98.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">71</td>
<td align="right" class="xl34" x:num="">71</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl34">(4.3B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl32">(6.2B)</td>
<td class="xl33">1.6B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl37">528B</td>
<td class="xl37">March</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl39" x:num="">2.3</td>
<td align="right" class="xl39" x:num="2.35">2.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.3</td>
<td align="right" class="xl29" x:num="">1.31</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl34" x:num="">113.8</td>
<td align="right" class="xl35" x:num="">113.7</td>
</tr>
</tbody></table>
<br />
<br />DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-63958588470825802362017-05-08T11:21:00.002-07:002017-05-08T11:21:58.254-07:00M'AIDEZ (MAYDAY)Today's stock markets were Underwhelmed by the victory in France of Macron over Le Pen. No surprise there, like Brexit and Trump. Although last week hit some new highs, markets are climbing out of Saucer formations moving into June - possibly the next rate hike. The 2-year Treas.rate picked up again into the 1.30s % while the 10-year hit 2.4%. No sign of a flat Yield curve, necessary for a Recession to occur - maybe 4-5 more hikes on the short end. Every decade has an "R", usually @ the zero year - so watch out below !<br />
<br />
Sentiment Indicators were mixed - the Adv/Dec difference was a mere 13!, causing the McClellan Oscillator to end at the zero line; New Highs were strong, however. Margin Interest remains HUGE, as does the U S Debt, both of which will squirm when rates rise. Finally, the dollar hit a recent low, per Trump's wishes, which should help Gold.<br />
See below:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 409px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3547; mso-width-source: userset; width: 73pt;" width="97"></col>
<col style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl36" style="width: 73pt;" width="97" x:num="42860">5/5/2017</td>
<td align="right" class="xl36" style="width: 72pt;" width="96" x:num="42853">4/28/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">21006</td>
<td align="right" class="xl31" x:num="">20940</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">6100</td>
<td align="right" class="xl31" x:num="">6047</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2399</td>
<td align="right" class="xl31" x:num="">2384</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">9.9/4.4</td>
<td class="xl31">9.4/4.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.25</td>
<td align="right" class="xl31" x:num="">1.96</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl32" x:num="">66</td>
<td align="right" class="xl32" x:num="">65</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl32" x:num="">10.5</td>
<td align="right" class="xl32" x:num="">10.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl31" x:num="">60.3</td>
<td align="right" class="xl31" x:num="">59.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1548/1535</td>
<td class="xl31">1901/1175</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl31" x:num="">13</td>
<td align="right" class="xl31" x:num="">726</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl29" x:num="">176813</td>
<td align="right" class="xl29" x:num="">176800</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">427/137</td>
<td class="xl31">544/71</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">429/196</td>
<td class="xl31">561/138</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl31" x:num="">0</td>
<td align="right" class="xl31" x:num="">8</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">609</td>
<td align="right" class="xl33" x:num="">620</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">58.5</td>
<td align="right" class="xl31" x:num="">54.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">17.9</td>
<td align="right" class="xl31" x:num="">17.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">38.1</td>
<td align="right" class="xl31" x:num="">38.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">29.9</td>
<td align="right" class="xl31" x:num="">31.7</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl38" x:num="">98.6</td>
<td align="right" class="xl38" x:num="">99.0</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl34" x:num="">71</td>
<td align="right" class="xl31" x:num="">74</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl31">6.8B</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl33">1.6B</td>
<td class="xl33">15.4B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl37">March</td>
<td class="xl37">537B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl39" x:num="2.35">2.4</td>
<td align="right" class="xl39" x:num="2.28">2.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.31</td>
<td align="right" class="xl29" x:num="">1.27</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl35" x:num="">113.7</td>
<td align="right" class="xl31" x:num="">115.2</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-83087125557670425982017-05-01T12:30:00.002-07:002017-05-01T12:30:54.761-07:00GETTING HIGH AGAINAfter back to back 250 point up days on the DJIA, markets on the S&P 500 and Nasdaq closed at new highs last week. Technically, the Momentum studies bode well for more highs to follow near term - just about everyone agrees. Not saying a Correction is not possible.<br />
Since WWII (or before) there has never been a decade without a Recession - and if we have one in the next four years (usually @ the Zero year of the Decile cycle) it should be a doozy, with the outstanding debt. Even Margin Debt rocketed to new highs at $537B due to low rates; when they go up ....<br />
as the numbers below show, Breadth was positive last week - new highs, Advances over Declines, and MMF $ flows (money markets) reversed from Out to In bigtime - retail investors are IN.<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 427px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl36" style="width: 72pt;" width="96" x:num="42853">4/28/2017</td>
<td align="right" class="xl36" style="width: 86pt;" width="115" x:num="42846">4/21/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">20940</td>
<td align="right" class="xl31" x:num="">20584</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">6047</td>
<td align="right" class="xl31" x:num="">5910</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2384</td>
<td align="right" class="xl31" x:num="">2352</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">9.4/4.8</td>
<td class="xl31">8.1/4.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">1.96</td>
<td align="right" class="xl31" x:num="">1.98</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl32" x:num="">65</td>
<td align="right" class="xl32" x:num="">66</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl32" x:num="">10.8</td>
<td align="right" class="xl32" x:num="">14.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl31" x:num="">59.9</td>
<td align="right" class="xl31" x:num="">50.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1901/1175</td>
<td class="xl31">2055/1009</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl31" x:num="">726</td>
<td align="right" class="xl31" x:num="">1046</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl29" x:num="">176800</td>
<td align="right" class="xl29" x:num="">176074</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">544/71</td>
<td class="xl31">295/61</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">561/138</td>
<td class="xl31">239/144</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl31" x:num="">8</td>
<td align="right" class="xl31" x:num="">8</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl33" x:num="">620</td>
<td align="right" class="xl31" x:num="">488</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">54.7</td>
<td align="right" class="xl31" x:num="">51.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">17.9</td>
<td align="right" class="xl31" x:num="">18.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">38.1</td>
<td align="right" class="xl31" x:num="">25.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">31.7</td>
<td align="right" class="xl31" x:num="">37</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl38" x:num="">99.0</td>
<td align="right" class="xl35" x:num="">99.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">74</td>
<td align="right" class="xl31" x:num="">71</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl34">(2.7B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl33">15.4B</td>
<td class="xl34">(16.9B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl37">537B</td>
<td class="xl37">MARCH</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl39" x:num="2.28">2.3</td>
<td align="right" class="xl38" x:num="2.23">2.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl29" x:num="">1.27</td>
<td align="right" class="xl35" x:num="">1.17</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl30" height="24" style="height: 18.0pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl31" x:num="">115.2</td>
<td align="right" class="xl34" x:num="">114.7</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-55375862668294425452017-04-21T17:08:00.003-07:002017-04-21T17:08:39.871-07:00SPRING IS HEREAnd so is vacation, so here is this past week's data ahead of time, as I head for the Big Casinos in Reno.<br />
Not much of note happened in the markets or the Indicators, some reversals. Breadth returned to Positive (A/D), as did the McClellan Osc.; and Summation rose.. I.I. show too many Bulls to Bears, and the $ is weakening.<br />
Here are the ##s<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 429px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col span="2" style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl36" style="width: 86pt;" width="115" x:num="42846">4/21/2017</td>
<td align="right" class="xl36" style="width: 74pt;" width="98" x:num="42839">4/14/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">20584</td>
<td align="right" class="xl34" x:num="">20453</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">5910</td>
<td align="right" class="xl34" x:num="">5805</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2352</td>
<td align="right" class="xl34" x:num="">2329</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">8.1/4.1</td>
<td class="xl31">6.6*/3.0</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">1.98</td>
<td align="right" class="xl31" x:num="">2.2</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl32" x:num="">66</td>
<td align="right" class="xl33" x:num="">77</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl32" x:num="">14.6</td>
<td align="right" class="xl33" x:num="">15.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl31" x:num="">50.4</td>
<td align="right" class="xl31" x:num="">52</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">2055/1009</td>
<td class="xl31">1300/1768</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl31" x:num="">1046</td>
<td align="right" class="xl34" x:num="">-468</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl29" x:num="">176074</td>
<td align="right" class="xl35" x:num="">175028</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">295/61</td>
<td class="xl31">211/47</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">239/144</td>
<td class="xl31">156/119</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl31" x:num="">8</td>
<td align="right" class="xl34" x:num="">-16</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">488</td>
<td align="right" class="xl31" x:num="">456</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">51.9</td>
<td align="right" class="xl31" x:num="">56.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">18.3</td>
<td align="right" class="xl31" x:num="">17.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">25.7</td>
<td align="right" class="xl31" x:num="">29</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">37</td>
<td align="right" class="xl31" x:num="">37.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl35" x:num="">99.8</td>
<td align="right" class="xl35" x:num="">100.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">71</td>
<td align="right" class="xl34" x:num="">71</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl34">(2.7B)</td>
<td class="xl31">WeekLate</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl34">(16.9B)</td>
<td class="xl34">(4.1B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl37"></td>
<td class="xl37">528B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl38" x:num="2.23">2.2</td>
<td align="right" class="xl38" x:num="2.23">2.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl35" x:num="">1.17</td>
<td align="right" class="xl35" x:num="">1.21</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl34" x:num="">114.7</td>
<td align="right" class="xl33" x:num="">115.2</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-52040378923845558862017-04-17T12:43:00.002-07:002017-04-17T12:43:36.124-07:00SNAP BACKOne day after Easter (and one day before the IRS comes calling for $$), stocks seem to have risen from the dead. After the S&P 500 hitting the 2400 mark on March 1, it fell gradually until today - hopefully the beginning of another cyclical rally.<br />
Although the market is way overdue for a correction, a secular Bear doesn't seem to be in the offing. Since 1950, per Barron's item, no Recession has occurred without an Inverted Yield Curve in the Treasuries - 2-year yield ABOVE the 10-year. And Bear markets usually coincide with the R-word, which has occurred at least once in every decade for nearly a Century or more.<br />
As for sentiment/breadth, notable exceptions include TIPs hitting the 115 mark; the VIX hitting almost 16 last week. The CBOE put/call ratio leapt to 77 from 64, a Bullish sign of fear.<br />
See below:<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 410px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
<col style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl35" style="width: 74pt;" width="98" x:num="42839">4/14/2017</td>
<td align="right" class="xl35" style="width: 72pt;" width="96" x:num="42832">4/7/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl33" x:num="">20453</td>
<td align="right" class="xl33" x:num="">20656</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl33" x:num="">5805</td>
<td align="right" class="xl33" x:num="">5877</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl33" x:num="">2329</td>
<td align="right" class="xl33" x:num="">2355</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">6.6*/3.0</td>
<td class="xl31">9.3/4.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.2</td>
<td align="right" class="xl31" x:num="">2.21</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl32" x:num="">77</td>
<td align="right" class="xl31" x:num="">64</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl32" x:num="">15.9</td>
<td align="right" class="xl31" x:num="">12.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl31" x:num="">52</td>
<td align="right" class="xl31" x:num="">52.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1300/1768</td>
<td class="xl31">1608/1478</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl33" x:num="">-468</td>
<td align="right" class="xl31" x:num="">130</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl34" x:num="">175028</td>
<td align="right" class="xl31" x:num="">175496</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">211/47</td>
<td class="xl31">225/67</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">156/119</td>
<td class="xl31">223/135</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl33" x:num="">-16</td>
<td align="right" class="xl31" x:num="">14</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">456</td>
<td align="right" class="xl31" x:num="">405</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">56.3</td>
<td align="right" class="xl31" x:num="">55.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">17.5</td>
<td align="right" class="xl31" x:num="">18.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">29</td>
<td align="right" class="xl31" x:num="">28.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">37.4</td>
<td align="right" class="xl31" x:num="">39.6</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl34" x:num="">100.6</td>
<td align="right" class="xl31" x:num="">101.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl33" x:num="">71</td>
<td align="right" class="xl31" x:num="">74</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl33">(12.7B)</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl33">(4.1B)</td>
<td class="xl33">(6B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl36">528B</td>
<td class="xl38">FEB.:</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl39" x:num="2.23">2.2</td>
<td align="right" class="xl37" x:num="">2.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl34" x:num="">1.21</td>
<td align="right" class="xl31" x:num="">1.29</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl32" x:num="">115.2</td>
<td align="right" class="xl31" x:num="">114.6</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-38406219830767114232017-04-10T11:37:00.000-07:002017-04-10T11:37:05.922-07:00PREMATURE 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.<br />
<br />
In fact, as shown below, most Sentiment and Breadth Indicators are pretty much the same ol'.<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 422px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3510; mso-width-source: userset; width: 72pt;" width="96"></col>
<col style="mso-width-alt: 4022; mso-width-source: userset; width: 83pt;" width="110"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl37" style="width: 72pt;" width="96" x:num="42832">4/7/2017</td>
<td class="xl37" style="width: 83pt;" width="110">3/31/17EOQ</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl34" x:num="">20656</td>
<td align="right" class="xl31" x:num="">20663</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl34" x:num="">5877</td>
<td align="right" class="xl31" x:num="">5911</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl34" x:num="">2355</td>
<td align="right" class="xl31" x:num="">2362</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">9.3/4.2</td>
<td class="xl31">8.8/4.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.21</td>
<td align="right" class="xl31" x:num="">2.15</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">64</td>
<td align="right" class="xl35" x:num="">57</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl31" x:num="">12.9</td>
<td align="right" class="xl34" x:num="">12.4</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl31" x:num="">52.2</td>
<td align="right" class="xl39" x:num="">50.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1608/1478</td>
<td class="xl31">2292/809</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl31" x:num="">130</td>
<td align="right" class="xl31" x:num="">1483</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl31" x:num="">175496</td>
<td align="right" class="xl33" x:num="">175366</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">225/67</td>
<td class="xl31">227/69</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">223/135</td>
<td class="xl31">275/123</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl31" x:num="">14</td>
<td align="right" class="xl36" x:num="">36</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">405</td>
<td align="right" class="xl31" x:num="">325</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">55.8</td>
<td align="right" class="xl34" x:num="">49.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">18.3</td>
<td align="right" class="xl31" x:num="">18.1</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">28.3</td>
<td align="right" class="xl34" x:num="">30.2</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">39.6</td>
<td align="right" class="xl31" x:num="">37.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl31" x:num="">101.1</td>
<td align="right" class="xl31" x:num="">100.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">74</td>
<td align="right" class="xl31" x:num="">73</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td align="right" class="xl31" x:num="">0</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl34">(6B)</td>
<td align="right" class="xl32" x:num="">0</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl41">FEB.:</td>
<td class="xl38">528B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl40" x:num="">2.4</td>
<td align="right" class="xl40" x:num="2.39">2.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl31" x:num="">1.29</td>
<td align="right" class="xl31" x:num="">1.25</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl31" x:num="">114.6</td>
<td align="right" class="xl33" x:num="">114.6</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-39045919851321777082017-04-03T13:13:00.001-07:002017-04-03T13:13:37.870-07:00ITEMS OF "INTEREST"<b>Conventional Wisdom would suggest that since the National Debt has doubled over the past decade, that Interest Rate Hikes to service that debt would be disastrous. Although somewhat true, Barron's' Gene Epstein reports that for the past 60 years the average rate has been ..5.8%; it is now only 2%, and the CBO sees in 30 years (?) it will still only be 4.4%.</b><br />
<b>Also of "Interest" - in this week's Sentiment numbers, Margin Interest has skyrocketed again to $528B, which will also rise to borrowers when rates do!</b><br />
<b>As the housewife once said: I can't be broke - I still have checks left!</b><br />
<b><br /></b>
<b>Here are the numbers:</b><br />
<b><br /></b>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 424px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 4022; mso-width-source: userset; width: 83pt;" width="110"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td class="xl37" style="width: 83pt;" width="110">3/31/17EOQ</td>
<td align="right" class="xl37" style="width: 74pt;" width="98" x:num="42818">3/24/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">20663</td>
<td align="right" class="xl34" x:num="">20596</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">5911</td>
<td align="right" class="xl34" x:num="">5828</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2362</td>
<td align="right" class="xl34" x:num="">2343</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">8.8/4.1</td>
<td class="xl31">9.2/4.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.15</td>
<td align="right" class="xl31" x:num="">2.14</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl35" x:num="">57</td>
<td align="right" class="xl31" x:num="">71</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl34" x:num="">12.4</td>
<td align="right" class="xl31" x:num="">13</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl40" x:num="">50.4</td>
<td align="right" class="xl34" x:num="">53</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">2292/809</td>
<td class="xl34">1186/1923</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl31" x:num="">1483</td>
<td align="right" class="xl35" x:num="">-737</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl33" x:num="">175366</td>
<td align="right" class="xl34" x:num="">173883</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">227/69</td>
<td class="xl34">218/115</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">275/123</td>
<td class="xl34">300/172</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl36" x:num="">36</td>
<td align="right" class="xl32" x:num="">-9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">325</td>
<td align="right" class="xl34" x:num="">222</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl34" x:num="">49.5</td>
<td align="right" class="xl31" x:num="">56.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">18.1</td>
<td align="right" class="xl34" x:num="">17.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl34" x:num="">30.2</td>
<td align="right" class="xl31" x:num="">35.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">37.4</td>
<td align="right" class="xl34" x:num="">30.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl31" x:num="">100.6</td>
<td align="right" class="xl32" x:num="">99.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">73</td>
<td align="right" class="xl34" x:num="">75</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl34">(6.9B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td align="right" class="xl32" x:num="">0</td>
<td class="xl32">(23.3B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl38">528B</td>
<td class="xl38">513Bnh</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl41" x:num="2.39">2.4</td>
<td align="right" class="xl39" x:num="">2.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl31" x:num="">1.25</td>
<td align="right" class="xl34" x:num="">1.25</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl33" x:num="">114.6</td>
<td align="right" class="xl36" x:num="">114.4</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-32366839705012329672017-03-27T13:53:00.002-07:002017-03-27T13:53:55.798-07:00WEAK WEEKAnother weak of falling from the record close of 21,000 DJIA (30); breadth also fell - Adv/Decl and New hi's. Rising Indicators included CBOE put/call ratio, Inv.Intell. Bulls and MMF flows (into money markets bigtime).<br />
Danger signals are margin interest and the above I.I. Bulls to Bears. Inflation via TIPS seem to be picking up as well.<br />
Here are last week's ##s:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 419px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
<col style="mso-width-alt: 3840; mso-width-source: userset; width: 79pt;" width="105"></col>
</colgroup><tbody>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl37" style="width: 74pt;" width="98" x:num="42818">3/24/2017</td>
<td align="right" class="xl40" style="width: 79pt;" width="105" x:num="42811">3/17/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl34" x:num="">20596</td>
<td align="right" class="xl31" x:num="">20914</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl34" x:num="">5828</td>
<td align="right" class="xl31" x:num="">5901</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl34" x:num="">2343</td>
<td align="right" class="xl31" x:num="">2378</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">9.2/4.3</td>
<td class="xl31">10.0/5.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.14</td>
<td align="right" class="xl31" x:num="">1.82</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">71</td>
<td align="right" class="xl31" x:num="">66</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl31" x:num="">13</td>
<td align="right" class="xl34" x:num="">11.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl34" x:num="">53</td>
<td align="right" class="xl34" x:num="">53</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl34">1186/1923</td>
<td class="xl31">2243/868</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl35" x:num="">-737</td>
<td align="right" class="xl29" x:num="">1375</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl34" x:num="">173883</td>
<td align="right" class="xl31" x:num="">174620</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl34">218/115</td>
<td class="xl33">305/139</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl34">300/172</td>
<td class="xl31">372/160</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl32" x:num="">-9</td>
<td align="right" class="xl36" x:num="">2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl34" x:num="">222</td>
<td align="right" class="xl34" x:num="">320</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">56.7</td>
<td align="right" class="xl34" x:num="">53.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl34" x:num="">17.3</td>
<td align="right" class="xl31" x:num="">17.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">35.3</td>
<td align="right" class="xl31" x:num="">31.2</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl34" x:num="">30.5</td>
<td align="right" class="xl34" x:num="">38.7</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl32" x:num="">99.8</td>
<td align="right" class="xl34" x:num="">100.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl34" x:num="">75</td>
<td align="right" class="xl31" x:num="">76</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl31">9.0B</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl32">(23.3B)</td>
<td class="xl32">(11.7B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl38">513Bnh</td>
<td class="xl31">Jan.</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl41" x:num="">2.4</td>
<td align="right" class="xl39" x:num="">2.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl34" x:num="">1.25</td>
<td align="right" class="xl33" x:num="">1.33</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl36" x:num="">114.4</td>
<td align="right" class="xl36" x:num="">113.7</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-76504653840507228222017-03-20T16:49:00.001-07:002017-03-20T16:51:01.386-07:00Wearin' Of The GreenStocks were basically green (UP), at least for the start of last week, only to sustain a slight hangover into the weekend. Breadth did a major turnaround, from negative to positive; the McClellan Oscillator jumped from minus 61 to plus two. Still worrisome are the Bulls to Bears ( Inv. Intell.) and record margin interest, which could cost more as rates rise. Contrary to conventional wisdom, stocks to not fall as interest rates rise, at least at first - when they normalize, bond rates become competitive, especially when they overshoot, as they are wont to do.<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 415px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3840; mso-width-source: userset; width: 79pt;" width="105"></col>
<col style="mso-width-alt: 3437; mso-width-source: userset; width: 71pt;" width="94"></col>
</colgroup><tbody>
<tr height="27" style="height: 20.25pt;">
<td class="xl26" height="27" style="height: 20.25pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"></td>
<td align="right" class="xl41" style="width: 79pt;" width="105" x:num="42811">3/17/2017</td>
<td align="right" class="xl37" style="width: 71pt;" width="94" x:num="42804">3/10/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl31" x:num="">20914</td>
<td align="right" class="xl34" x:num="">20902</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl31" x:num="">5901</td>
<td align="right" class="xl34" x:num="">5861</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl31" x:num="">2378</td>
<td align="right" class="xl34" x:num="">2372</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">10.0/5.5</td>
<td class="xl31">9.2/4.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">1.82</td>
<td align="right" class="xl31" x:num="">2.19</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">66</td>
<td align="right" class="xl31" x:num="">62</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl34" x:num="">11.3</td>
<td align="right" class="xl31" x:num="">11.7</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl34" x:num="">53</td>
<td align="right" class="xl34" x:num="">58.5</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">2243/868</td>
<td class="xl34">678/2426</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl29" x:num="">1375</td>
<td align="right" class="xl35" x:num="">-1748</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl31" x:num="">174620</td>
<td align="right" class="xl34" x:num="">173245</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl33">305/139</td>
<td class="xl32">162/169</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">372/160</td>
<td class="xl31">236/166</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl36" x:num="">2</td>
<td align="right" class="xl32" x:num="">-61</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl34" x:num="">320</td>
<td align="right" class="xl34" x:num="">440</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl34" x:num="">53.4</td>
<td align="right" class="xl34" x:num="">57.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">17.5</td>
<td align="right" class="xl31" x:num="">17.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">31.2</td>
<td align="right" class="xl34" x:num="">30</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl34" x:num="">38.7</td>
<td align="right" class="xl31" x:num="">46.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl34" x:num="">100.3</td>
<td align="right" class="xl31" x:num="">101.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl31" x:num="">76</td>
<td align="right" class="xl35" x:num="">76</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl31">4.3B</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl32">(11.7B)</td>
<td class="xl31">10.1B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl31">Jan.</td>
<td class="xl38">513Bnh</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl39" x:num="">2.5</td>
<td align="right" class="xl39" x:num="">2.6</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl33" x:num="">1.33</td>
<td align="right" class="xl33" x:num="">1.35</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl36" x:num="">113.7</td>
<td align="right" class="xl40" x:num="">113</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-56176952695979466432017-03-13T12:10:00.001-07:002017-03-13T12:14:35.533-07:00CON-GRESS or PRO-GRESS?In these divisive times, not only is the country divided as to opinions, but so is Congress. Winston Churchill once said Democracy is the worst form of government - except for all the others.<br />
Looking up the word "Congress", it comes from the Latin congressus, or congredi, with meanings including coming together and coitus (OMG).<br />
<br />
Previous columns have mentioned Hegel's use of Dialectic - where Thesis meets Antithesis to form Synthesis, taking the best ideas from both. Perhaps we should rename Congress: COMITY.<br />
<br />
Last week saw the stock market pause on its 8th year ann'y after the Huge Trump rally. Most Indicators stayed the same direction, only worse. Breadth was bad, as Advances fell behind Declines and New Lows rose on the NYSE and Nas. My fave Indicator failed - the McClellan Oscillator falling below -50 (usually a BUY signal on Monday.<br />
<br />
Danger signals remain: Large (record) Margin Interest, I.I. Bulls 3:1 over Bears, and Insider Selling is getting attention. A rare INFLOW to MMFs, most since last Dec. Safe money looks to the 2-year Treas, now 1.37%!<br />
Here are the numbers:<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 408px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3437; mso-width-source: userset; width: 71pt;" width="94"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"></td>
<td align="right" class="xl36" style="width: 71pt;" width="94" x:num="42804">3/10/2017</td>
<td align="right" class="xl36" style="width: 74pt;" width="98" x:num="42797">3/3/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl34" x:num="">20902</td>
<td align="right" class="xl29" x:num="">21005</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl34" x:num="">5861</td>
<td align="right" class="xl29" x:num="">5870</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl34" x:num="">2372</td>
<td align="right" class="xl29" x:num="">2383</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">9.2/4.2</td>
<td class="xl31">10.2/4.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.19</td>
<td align="right" class="xl31" x:num="">2.13</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">62</td>
<td align="right" class="xl34" x:num="">61</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl31" x:num="">11.7</td>
<td align="right" class="xl34" x:num="">10.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl34" x:num="">58.5</td>
<td align="right" class="xl34" x:num="">66.7</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl34">678/2426</td>
<td class="xl34">1438/1652</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl35" x:num="">-1748</td>
<td align="right" class="xl35" x:num="">-214</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl34" x:num="">173245</td>
<td align="right" class="xl34" x:num="">174993</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl32">162/169</td>
<td class="xl31">474/75</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">236/166</td>
<td class="xl31">490/132</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl32" x:num="">-61</td>
<td align="right" class="xl34" x:num="">-22</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl34" x:num="">440</td>
<td align="right" class="xl31" x:num="">768</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl34" x:num="">57.7</td>
<td class="xl31">4:1.63.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">17.3</td>
<td align="right" class="xl35" x:num="">16.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl34" x:num="">30</td>
<td align="right" class="xl34" x:num="">37.9</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">46.5</td>
<td align="right" class="xl31" x:num="">35.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl31" x:num="">101.4</td>
<td align="right" class="xl29" x:num="">101.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td align="right" class="xl35" x:num="">76</td>
<td class="xl29"> 79nh</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl31">5.8B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl31">10.1B</td>
<td class="xl34">(2B)</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl37"></td>
<td class="xl37">513Bnh</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl38" x:num="">2.6</td>
<td align="right" class="xl38" x:num="">2.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl33" x:num="">1.35</td>
<td align="right" class="xl33" x:num="">1.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl39" x:num="">113</td>
<td align="right" class="xl31" x:num="">114.1</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-71187678043174046562017-03-06T12:49:00.002-08:002017-03-06T12:49:48.976-08:00Oh, SNAPIn my day we used a different S*** word; investors in Snapchat may switch to the new one, if Barron's is correct and the stock gets cut in half. Looking at today's market - all my positions are in a Sea of Red (after a nice runup). Hopefully it is just Pause that Refreshes!<br />
Barron's also notes that it is the Individual that is driving the market now (not a good sign), rather than Institutions. Bulls at II (Investors' Intelligence) have risen to a 4 to 1 ratio over Bears (see below), not seen since 1987- a year that will go down.....<br />
Prominent in last week's Sentiment/Breadth data was the rise (monthly) in Margin Interest to new highs, at 513B. As reported earlier, if/when a crash comes, higher rates will cost more to borrow as panickers and AI machines could cause a cascade of Selling, like 1987..<br />
That said, Breadth and momentum still seems strong on Trump's promises.<br />
Here are the numbers:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 408px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3584; mso-width-source: userset; width: 74pt;" width="98"></col>
<col style="mso-width-alt: 3437; mso-width-source: userset; width: 71pt;" width="94"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl34" style="width: 74pt;" width="98" x:num="42797">3/3/2017</td>
<td align="right" class="xl34" style="width: 71pt;" width="94" x:num="42790">2/24/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl29" x:num="">21005</td>
<td align="right" class="xl29" x:num="">20821</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl29" x:num="">5870</td>
<td align="right" class="xl29" x:num="">5845</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl29" x:num="">2383</td>
<td align="right" class="xl29" x:num="">2367</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">10.2/4.8</td>
<td class="xl31">7.3/3.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.13</td>
<td align="right" class="xl31" x:num="">2.03</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl33" x:num="">61</td>
<td align="right" class="xl31" x:num="">64</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl33" x:num="">10.9</td>
<td align="right" class="xl31" x:num="">11.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl33" x:num="">66.7</td>
<td align="right" class="xl33" x:num="">71.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl33">1438/1652</td>
<td class="xl31">1763/1334</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl35" x:num="">-214</td>
<td align="right" class="xl31" x:num="">429</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl33" x:num="">174993</td>
<td align="right" class="xl31" x:num="">175207</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">474/75</td>
<td class="xl31">449/41</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">490/132</td>
<td class="xl31">496/95</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl33" x:num="">-22</td>
<td align="right" class="xl31" x:num="">2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">768</td>
<td align="right" class="xl31" x:num="">812</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td class="xl31">4:1.63.1</td>
<td align="right" class="xl31" x:num="">61.2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl35" x:num="">16.5</td>
<td align="right" class="xl31" x:num="">17.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl33" x:num="">37.9</td>
<td align="right" class="xl31" x:num="">38.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">35.4</td>
<td align="right" class="xl31" x:num="">32.1</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl29" x:num="">101.3</td>
<td align="right" class="xl29" x:num="">101.1</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td class="xl29">79nh</td>
<td class="xl29">77nh</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl31">3.4B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl33">(2B)</td>
<td class="xl31">5.1B</td>
</tr>
<tr height="31" style="height: 23.25pt;">
<td class="xl25" height="31" style="height: 23.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl37">513Bnh</td>
<td class="xl31">490B</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl38" x:num="">2.5</td>
<td align="right" class="xl36" x:num="2.31">2.3</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" colspan="2" height="27" style="height: 20.25pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl32" x:num="">1.3</td>
<td align="right" class="xl31" x:num="">1.15</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl31" x:num="">114.1</td>
<td align="right" class="xl32" x:num="">114.9</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0tag:blogger.com,1999:blog-7281044.post-84870816186445879962017-02-27T11:51:00.000-08:002017-02-27T11:51:07.667-08:00TAKE A HIKESince everything Trump is beeyoutiful these days, a possible rate hike by the Fed maybe in the cards for mid-March - a good time to jump into Treasuries at auction (par) if you have some spare cash.<br />
Stocks, however, could be heading for at least a Correction, with consecutive record highs rivaling 1987 !!!!!<br />
Sentiment and Breadth seem equal to the rising market in intensity; Equity flows - funds and ETFs (those traded on exchanges) have been positive since the election (after a brief respite) . They were mostly flowing Out all of 2016 until then. Margin Debt is spectacularly high - a danger if stocks start to slide and people/robos have to sell to meet margin calls -Hello!<br />
All else seems stable - Bulls, advance/declines, VIX, but Inflation -as measured by TIPS hit a new high last week. See below:<br />
<br />
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 398px;" x:str="">
<colgroup><col style="mso-width-alt: 3693; mso-width-source: userset; width: 76pt;" width="101"></col>
<col style="mso-width-alt: 4205; mso-width-source: userset; width: 86pt;" width="115"></col>
<col style="mso-width-alt: 3437; mso-width-source: userset; width: 71pt;" width="94"></col>
<col style="mso-width-alt: 3218; mso-width-source: userset; width: 66pt;" width="88"></col>
</colgroup><tbody>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt; width: 76pt;" width="101">Date</td>
<td class="xl29" style="width: 86pt;" width="115"> </td>
<td align="right" class="xl35" style="width: 71pt;" width="94" x:num="42790">2/24/2017</td>
<td align="right" class="xl35" style="width: 66pt;" width="88" x:num="42783">2/17/2017</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">Indices:</td>
<td class="xl26" x:str="DJIA ">DJIA </td>
<td align="right" class="xl29" x:num="">20821</td>
<td align="right" class="xl29" x:num="">20624</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;"> </td>
<td class="xl26" x:str="NAZ ">NAZ </td>
<td align="right" class="xl29" x:num="">5845</td>
<td align="right" class="xl29" x:num="">5838</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl24" height="24" style="height: 18.0pt;"></td>
<td class="xl26" x:str="SPX ">SPX </td>
<td align="right" class="xl29" x:num="">2367</td>
<td align="right" class="xl29" x:num="">2351</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" height="24" style="height: 18.0pt;">WklyVolume (Bshs).</td>
<td class="xl26">naz/ny….</td>
<td class="xl31">7.3/3.6</td>
<td class="xl28">9.6/4.3</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl26" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Specul.Ratio
hi=bullish</td>
<td align="right" class="xl31" x:num="">2.03</td>
<td align="right" class="xl28" x:num="">2.23</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Sentiment:</td>
<td class="xl25" x:str="put/call-CBOE ">put/call-CBOE </td>
<td align="right" class="xl31" x:num="">64</td>
<td align="right" class="xl28" x:num="">57</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">VIX>50-alltmlow=8.8</td>
<td align="right" class="xl31" x:num="">11.5</td>
<td align="right" class="xl28" x:num="">11.5</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">DeltaMSI-50%</td>
<td class="xl25">MAC crossover</td>
<td align="right" class="xl34" x:num="">71.9</td>
<td align="right" class="xl28" x:num="">72.6</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">Advance/Dec-NYSE..</td>
<td class="xl31">1763/1334</td>
<td class="xl28">1606/1501</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Weekly Net:</td>
<td class="xl25"></td>
<td align="right" class="xl31" x:num="">429</td>
<td align="right" class="xl28" x:num="">105</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;"> Cumulative:</td>
<td align="right" class="xl31" x:num="">175207</td>
<td align="right" class="xl28" x:num="">174776</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="Weekly ">Weekly </td>
<td class="xl25">NYSE hi/low…</td>
<td class="xl31">449/41</td>
<td class="xl30">504/33</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">New Hi's/Low's</td>
<td class="xl25">Nasdaq h/l</td>
<td class="xl31">496/95</td>
<td class="xl30">555/85</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;" x:str="McClellan ">McClellan </td>
<td class="xl25">Oscillator</td>
<td align="right" class="xl31" x:num="">2</td>
<td align="right" class="xl28" x:num="">2</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">McClellanSum</td>
<td class="xl25">.+750/-1000</td>
<td align="right" class="xl31" x:num="">812</td>
<td align="right" class="xl28" x:num="">778</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Newsletter</td>
<td class="xl25">Inv.Intel -Bull</td>
<td align="right" class="xl31" x:num="">61.2</td>
<td align="right" class="xl28" x:num="">61.8</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">Surveys-Tues</td>
<td class="xl25">Bear:-5yrs</td>
<td align="right" class="xl31" x:num="">17.5</td>
<td align="right" class="xl28" x:num="">17.6</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">Wed.</td>
<td class="xl25" x:str="AAII -Bull ">AAII
-Bull </td>
<td align="right" class="xl31" x:num="">38.5</td>
<td align="right" class="xl31" x:num="">33.1</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl24" height="27" style="height: 20.25pt;"></td>
<td class="xl25" x:str="Bear ">Bear </td>
<td align="right" class="xl31" x:num="">32.1</td>
<td align="right" class="xl31" x:num="">32.4</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">US$-WSJ</td>
<td class="xl29"></td>
<td align="right" class="xl29" x:num="">101.1</td>
<td align="right" class="xl28" x:num="">100.9</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">3-box rev</td>
<td class="xl25" x:str="Bullish%- ">Bullish%- </td>
<td class="xl29">77nh</td>
<td align="right" class="xl28" x:num="">76</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl28" height="24" style="height: 18.0pt;">US equity -ICI</td>
<td class="xl28">Fund Flows</td>
<td class="xl31">WeekLate</td>
<td class="xl31">8.1B</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">MMF flows</td>
<td class="xl25">Change in $B</td>
<td class="xl31">5.1B</td>
<td class="xl36">(2.0B)</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl25" height="27" style="height: 20.25pt;">MargDebt- top (300M)</td>
<td class="xl27" x:str="monthly ">monthly </td>
<td class="xl31">490B</td>
<td class="xl32"></td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" height="24" style="height: 18.0pt;">10-yr Tsy yield</td>
<td class="xl27">hi= stock buying</td>
<td align="right" class="xl37" x:num="2.31">2.3</td>
<td align="right" class="xl28" x:num="">2.4</td>
</tr>
<tr height="24" style="height: 18.0pt;">
<td class="xl25" colspan="2" height="24" style="height: 18.0pt; mso-ignore: colspan;">2-yr
Tsy Yield: Inflation</td>
<td align="right" class="xl31" x:num="">1.15</td>
<td align="right" class="xl28" x:num="">1.2</td>
</tr>
<tr height="27" style="height: 20.25pt;">
<td class="xl30" height="27" style="height: 20.25pt;">TIP (ETF)</td>
<td class="xl28">Inflation</td>
<td align="right" class="xl33" x:num="">114.9</td>
<td align="right" class="xl33" x:num="">114.2</td>
</tr>
</tbody></table>
DITMcallshttp://www.blogger.com/profile/03827245710732948197noreply@blogger.com0