How nice the stock market proceeds, not a negative Advance/Decline ratio since the week of Feb.5, setting new cumulative A/Ds on my charts - New highs hitting the 900s for the first time in memory.
Meanwhile, Insider Selling, although down from the near-record 91 last week, only fell to 51:1. Money Market Funds lost another $35B but less than $1B went into domestic equities' funds. In the past y/y to March, $410B went into bond funds while only $18B went into stocks.
The Rydex Nova to Ursa (the bear) ratio broke up through the 1 level for the first time, up to 1.27; and the Bullish percent is right at record levels.
The only question seems to be: is the correction going to be severe, or moderated as if by unseen forces?
Here are the exact numbers:
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 11204 | 11018 | 14093 | 6626 |
| Nasdaq: | 2530 | 2481 | 2805 | 1114 |
| S&P 500: | 1217 | 1192 | 1561 | 683 |
| CBOE Eq. put/call: | 51 | 42 | 96-10/08 | 46-1/03 |
| VIX: | 16.6 | 18.4 | 90 | 8.8 |
| McClellan Osc: | 20 | -29 | 108 | -100 |
| McClellan Sum: | 1218 | 1241 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 53.3 | 51.1 | 63 | 22.21 |
InvestorsIntel.Bear: | 17.4 | 18.9 | 54.4 | 16 |
AAII Bull: | 38.1 | 48.5 | n/a | n/a |
AAII Bear: | 34.3 | 29.7 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 0.86 | 0.94 | 2.2 | 0.56 |
| US Equity-1 week lag | n/a | -.5B | ||
| Money Market Flows | -35B | -51B | ||
| ETF equity:Monthly Totals | Feb.750B | Jan.731B | ||
| Baltic Dry Index: | 3006 | 3009 | 11700 | 663 |
Bullish %: | 87 | 87 | 88 | 2 |
| Insider Corporate Sellers: | 52:1 | 91:1 | 108:1 | 2.4:1 |
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