To coin a phrase, "It is necessary to clean the house before throwing a party!". Warnings continue from last week, including another magazine cover - Barron's - with a Bear getting impaled by a locomotive. Advance/declines and the McClellan Oscillator suffered with another Friday fear selloff, although new highs abound. Insider Selling was record, although suspect due to several "n/a's" from 3 sectors. Without them it tripled the previous week to 154:1. Money is trickling out of MMFs and starting to trickle into domestic equity mutual funds.
Here are the numbers:
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 11008 | 11204 | 14093 | 6626 |
| Nasdaq: | 2461 | 2530 | 2805 | 1114 |
| S&P 500: | 1186 | 1217 | 1561 | 683 |
| CBOE Eq. put/call: | 52 | 51 | 96-10/08 | 46-1/03 |
| VIX: | 22.0 | 16.6 | 90 | 8.8 |
| McClellan Osc: | -32 | 20 | 108 | -100 |
| McClellan Sum: | 1133 | 1218 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 54.0 | 53.3 | 63 | 22.21 |
InvestorsIntel.Bear: | 18.0 | 17.4 | 54.4 | 16 |
AAII Bull: | 41.4 | 38.1 | n/a | n/a |
AAII Bear: | 28.6 | 34.3 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 1.19 | 1.27 | 2.2 | 0.56 |
| US Equity-1 week lag | n/a | 2.8B | ||
| Money Market Flows | -6B | -35B | ||
| ETF equity:Monthly Totals | Mar.805B | Feb.750B | ||
| Baltic Dry Index: | 3354 | 3006 | 11700 | 663 |
Bullish %: | 84 | 87 | 88 | 2 |
| Insider Corporate Sellers: | 154:1? | 52:1 | 108:1 | 2.4:1 |
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