Short Interest was reduced drastically the past month of short covering ( off 10% on the NYSE, 5% on the Nasdaq); much else has just backed off extremes, such as Insider Selling, the McClellan Oscillator, new highs.
Moving higher in extremis were the Bullish per cent, at 81%, and the AAII Bulls, just over the 51% mark ( Investors' Intelligence was asleep at the switch with their numbers).
Here are the numbers for last week:
| MktSentiment | 8/14/2009 | Prev. Week | 5 Year HI | 5 Year LOW |
| DJIA: | 9321 | 9370 | 14093 | 6626 |
| Nasdaq: | 1985 | 2000 | 2810 | 1114 |
| S&P 500: | 1004 | 1010 | 1561 | 683 |
| CBOE Eq. put/call: | 59 | 57 | 96-10/08 | 46-1/03 |
| VIX: | 24.3 | 24.8 | 90 | 8.8 |
| McClellan Osc: | -15 | 38 | 108 | -100 |
| McClellan Sum: | 1378 | 1356 | 1568 | -1514 |
| Newsletter Surveys | ||||
Investors Intel. | ||||
Bull: | n/a | 47.2 | 63 | 22.2 |
Bear: | n/a | 25.8 | 54.4 | 16 |
AAII | ||||
Bull: | 51.0 | 50.0 | n/a | |
Bear: | 33.0 | 35.2 | n/a | |
| Nova/Ursa Mutual Funds: | 0.96 | 0.99 | 2.2 | 0.56 |
| Baltic Dry Index: | 2752 | 2772 | 11700 | 663 |
Bullish %: | 81 | 80 | 88 | 2 |
| Insider Corporate Sellers: | 21:1 | 37:1 | 108:1 | 2.4:1 |
| Mutual Fund Inflows: | .7B | 1.5B | ||
| ETF Inflows: | -0.3B | 0 |
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