After a 3-day and away correction the Bull seems to be on track as contrary opinion outvoted the media punsters about a mensis horribilis.
The McClellan Oscillator oscillated between a plus 45 (heralding the correction last week) to a negative 43 this week - an unusual swing. Mutual fund flows were still flat, with most money coming out of MMFs into Bonds in huge amounts. Longer term, there was a huge number of Insider Selling by key employes last week: 54:1. Bullish per cent is still toppy at record highs, Bulls/Bears ratios are mixed, with the AAII reversing to the Bear majority last week. And new highs were tremendous at 635 vs. 5 new lows - either a sign of strong breadth, or a toppy indication. Time will tell.
Here are the numbers:
| MktSentiment | 9/25/2009 | Prev. Week | 5Yr. HI | 5Yr. LOW |
| DJIA: | 9665 | 9783 | 14093 | 6626 |
| Nasdaq: | 2090 | 2126 | 2810 | 1114 |
| S&P500: | 1044 | 1065 | 1561 | 683 |
| CBOE Eq. | ||||
| put/call: | 61 | 53 | 96-10/08 | 46-1/03 |
| VIX: | 25.6 | 23.6 | 90 | 8.8 |
| McClellan Osc: | -43 | 45 | 108 | -100 |
| McClelSum: | 1426 | 1436 | 1568 | -1514 |
| Newsletter Surveys | ||||
| Inv.Intel | 22.21 | |||
| Bull: | 46.7 | 47.8 | 63 | 22.21 |
| Bear: | 24.4 | 24.4 | 54.4 | 16 |
| AAII-Bull/Bear: | 39.1/44.6 | 42.0/40.0 | n/a | |
| Nova/Ursa: | ||||
| MutualFunds: | 0.86 | 0.89 | 2.2 | 0.56 |
| Baltic Dry Index: | 2163 | 2390 | 11700 | 663 |
| Bullish%: | 86 | 87 | 88 | 2 |
| Insider corporate | ||||
| sellers: | 54:1 | n/a | 108:1 | 2.4:1 |
| Mutual Fund Inflows: | -.3B | .8B | ||
| ETF Inflows: | 1.5B | 4B | ||
| VIX Volatility: | -4 | -10 | 12 | -22 |
| VIX 1-month future: | -16 | -18 | 2 | -18 |
| VIX 5-month future: | -4 | -5 | 8 | -7 |
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