Friday, November 14, 2008

SEEING RED-GETTING MAD:

It is apparent where the above phrase came from - in recent weeks, the hundreds of stocks, ETFs, Muni CEFs, etc. on the screens are 100% RED, as in down - with an occasional up day. But it is like the traffic light that turns green to let about 5 cars pass, then back to red for a couple minutes in the other direction.
Going on another stress-relief vacation down the California coast, I'm having to post a partial list of indicators this week, catching up near Thanksgiving. Despite the huge swings of this past week, these signals are pretty much the same as last week: exceptions include the recently added Baltic Dry Index (a Global Economy proxy), finally bouncing up a bit; Mutual fund inflows were quiet, but the SDS (inverse SPX etf) Volume was near its high, indicating pessimism.
Here are the numbers- fill in the blanks from Barron's, etc.:

DJIA ………. ………….8943………..14093............7286
Nasdaq………. ……….1647…………2810.............1114
S&P500…….. ………….930………….1561………..776
CBOE Eq. put/call …… ……..82…….…..96-10/08….....46-1/03

VIX ………. …………..56.1…….…….79..-10/08bull….10.0-7/05 bear

McClellan Osc………-2 (Thurs)….46……………..91 -5 /04 bear...(-100)-10/08bull
McClelSum……….…-1148..Thurs…-1134……..…....1568-6/03.......-1514-10/08
Newsletter Surveys:
Inv.Intel -Bull:…..…31.9………….30.3……….…63 (12/04bear)......22.2-10/08bull
Bear:………… 46.1………….48.3…..………… 54.4.10/08.......16-6/03
Baltic Dry Index ……838………..829nl 829
AAII-Bull/Bear ………………..44.8/33.3..……..n/a n/a
Public/NYSE Spec.-… ………19.4… …….……22-10/08…………14.1
Bullish%- ………26…………..43sell………….…88 -2/04bear.....2-10/08bull
*Insider corporate sellers. ………6.6:1…. ………..97………….4-10/08
Mutual Fund Inflows (.2B)…………(.5B
ETF InflowsL……….2.8B…………4.6B……
Money Market Inflows: .23B……….138B)… … ………144B

www.mktsentiment.blogspot.com is a free weekly display of important contrary opinion statistics, with the disclosure that eventual fees may be paid to the author from readers clicking on the website and/or the small ad at the top of the column.

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