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Looking back over this year, according to AMG Research, Mutual Fund outflows of $20B, which peaked the last week of February through the second week of March (remember that week?), did not reverse until - you guessed it- the exact top of the market on June 11 with $14B Inflows! Although slightly negative this week, they are back to their +/- $1B range.
Last week my decade-long stalwarts (e-mail me for the complete Indicator matrix) that performed the best were: CBOE put/call ratio (the best at calling market bottoms) which climbed still higher to 75; McClellan at a -19 (still a ways from the -50 or so needed); but the Bullish % -stocks on a BUY signal is itself on a SELL signal of 57 (funnily unchanged from the week before, as was the McClellan Summation Index). Did they take the Holiday week off?
Here are the complete numbers:

MktSentiment. 7/3/2009 Prev. Week.....5Yr.HI......LOW

DJIA ………. 8280………8438.………..14093............6626

Nasdaq………. 1796………1838…………2810.............1114

S&P500…….. 896…………918………….1561………..683

CBOE Eq.

put/call ..........…75…………..73……..…96-10/08….....46-1/03

VIX ………. 27.9………25.9…….......79..-10/08bull….10.0-7/05 bear

McClellan Osc…-19…….-2…….............108-.........(-100)

McClelSum……..…612……612….…....1568-6/03.......-1514-10/08

Newsletter Surveys:

Inv.Intel -Bull:…..…41.4…….43.6….…63 ............22.2

Bear:………… 29.9……….28.7……… 54.4.10/08.......16-6/03

AAII-Bull/Bear ……37.8/44.6….28.0/48.8…….…..

Baltic Dry Index ……3520……..3703…….11700……663

Bullish%- …….…57………..57sell………….…88.....2

*Insider corp sellers.7:1…………9:1…………108:1………….2.4:1

Mutual Fund Inflows .. (.3B)……(.7B)…

ETF InflowsL……… (3.2B)…..(1.9B)….

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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