Market ZUGZWANG - Or Forced Move (chess term):

Amongst a rather tepid list of Indicators last week, with the VIX at a new recent low and the Bullish % still overbought, the only extremes were a bullish breadth number - the NYSE New Highs at 802 vs. only 6 NLs; the other extreme was, not so much the rise in Insider Selling, from 13:1 to 23:1, but strangely, the number of key officers buying company stock in the Financials, 3/4 of the total buying of all 10 sectors.

MktSentiment.           10/16/2009  Prev. Week.....5Yr.HI......LOW DJIA  ……….           9995…………9865.………..14093............6626 Nasdaq……….         2156…………2139…………2810.............1114 S&P500……..           1087…………1076………….1561………..683 CBOE Eq. ..put/call...............................51………….52……..……96….....46                                    VIX     ……….           21.4…………..23.1…….…….90…….….8.8 McClellan Osc………-16……………..7…………..108……..(-100) McClelSum…………..1154………..1160………..…....1568-....-1514 Newsletter Surveys: Inv.Intel - Bull:………………….n/a…………n/a.. ………….…63 ……...22.2l Bear:…………           .n/a………….n/a……..……… 54.4….......16 AAII-Bull……………47.3…..........35.1 ……Bear ………….…33.8……….41.2 Nova/Ursa MutualFunds………0.74…………0.74…………….2.2……..0.56 Baltic Dry Index                 ……2728………..2695………….11700………663                       Bullish%-       …….…84…………..82………….…88…….....2 *Insider corporate  sellers.   ……..           23:1……….13:1……………108:1…….2.4:1 Mutual Fund Inflows .. n/a

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Market ZUGZWANG - Or Forced Move (chess term):