With a mixed message last week from Uncle Ben, the FOMC meets next week, to possibly do the Twist again (hence this column's Neil Diamond lyric). Echoing the Political chaos are Economic extremes -such as record Treasury rates, plummeting commodity prices - the Baltic Dry Rate dropped last week to triple-digit numbers from quads, signalling a slower global economy.
The McClellan Oscillator - one of my favorites - swung from near minus 50 to plus 50 - a toppy sign; this is based on Advances vs. Declines, which reversed almost exactly from 5:1 Decl. to the opposite ratio.
The AAII Bull to Bear ratio widened even farther (Bullish FOR the market), and MMFunds flows reversed from innies to outies.
Here are the actual numbers:
| Date> | 6/8/2012 | 6/1/2012 | ||||||||||
| Indices: | DJIA | 12668 | 12118 | |||||||||
| NAZ | 2898 | 2747 | ||||||||||
| SPX | 1334 | 1278 | ||||||||||
| NASD/NYSE | WklyVolume (Bshs). | 8.1/3.9 | 7.4/3.8 | |||||||||
| nasd/nyse | Specul.Ratio hi=bullish | 2.08 | 1.95 | |||||||||
| Sentiment: | put/call-CBOE | 71 | 76 | |||||||||
| Barron's | VIX>50-alltmlow=8.8 | 21.2 | 27 | |||||||||
| Advance/Dec-NYSE.. | 2613/569 | 588/2578 | ||||||||||
| Weekly Net: | 2044 | -1990 | ||||||||||
| Cumulative: | 133782 | 131738 | ||||||||||
| Weekly | NYSE hi/low | 164/202 | 123/210 | |||||||||
| New Hi's/Low's | Nasdaq h/l | 88/217 | 90/222 | |||||||||
| McClellan | Oscillator | 45 | -41 | |||||||||
| McClellan Sum | .+750/-1000 | -450 | -507 | |||||||||
| Newsletter | Inv.Intel -Bull:tues | 34 | 39.3 | |||||||||
| Surveys | Bear:-5yrs | 26.6 | 24.5 | |||||||||
| AAII -Bull :wed. | 27.5 | 28 | ||||||||||
| Bear | 45.8 | 42 | ||||||||||
| COT:Change w/w | large/small (net)k | 3/(37) | 2/(30) | |||||||||
| CEOinsider | selling | 10:1 | 10:1 | |||||||||
| BalticDryIndex | GlobalEcon | 877 | 1012 | |||||||||
| 3-box rev | Bullish%- | 48 | 47 | |||||||||
| US equity -ICI | Fund Flows | 1 wk lag | .8B | |||||||||
| MMF flows | Change in $B | (8.0B) | 7.9B | |||||||||
| MargDebt- top (300M) | monthly | |||||||||||
| ETF:Eqty/Int'l/Bond | million$$ . | |||||||||||
| 2-yr Tsy Yield: Inflation | 0.29% | 0.25% | ||||||||||
| under Getting Sentimental | ||||||||||||
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