STAND AND DE-LEVER:

In another impotent gesture to bully up the confidence in banks and markets, the stress tests will be released next week. Nevertheless, the markets cannot seem to rise above important Resistance levels, despite the recent rally and impressive breadth.
The McClellan Summation is up to 789 with the Oscillator still above 50; Volume not impressive considering the low prices of top stocks. If they are the bargain that many talking heads are avowing, why are insiders selling to the record-breaking 56 to 1, after last week's 108 to 1?
The Baltic Dry Index, often a global economic signal, continues to rise again, but mutual flows are not exactly swelling.
Here are the numbers:

MktSentiment. 4/24/2009 Prev. Week.....5Yr.HI......LOW

DJIA ………. 8076………8131.………..14093............6626

Nasdaq………. 1694………1673…………2810.............1114

S&P500…….. 866……….. 869………….1561………..683

CBOE Eq. put/call …70……….…57……..…96-10/08….....46-1/03

VIX ………. 36.8……. 33.9…….…….79..-10/08bull….10.0-7/05 bear

McClellan Osc………56…………74……………..108-1/09 bear...(-100)-10/08bull

McClelSum……….…789……….595……..…....1568-6/03.......-1514-10/08

Newsletter Surveys:

Inv.Intel -Bull:…..…39.1……….43.2……….…63 (12/04bear)...22.2-10/08bull

Bear:………… 34.5……….34.1…………… 54.4.10/08.......16-6/03

AAII-Bull/Bear ……31.8/38.6…..44.1/35.9….…..18.9/70.3 n/a

Baltic Dry Index ……1897………1682…………11700…………………663

Bullish%- …….…62………….66………….…88 -2/04bear.....2-10/08bull

*Insider corp sellers. 56:1……….108:1………..108………….2.4:1 (11/08)

Mutual Fund Inflows 1.2B……… .5B

ETF InflowsL……… 0………..(2.6B

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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STAND AND DE-LEVER: