Wednesday, October 31, 2012

BACK IN ACTION:

After an extended weekend caused by weather on the Eastern coast, a review of last week saw contained sideways motion between 1400 and 1420 on the S&P 500 (SPX). So far today (Hallowe'en) markets have re-opened but are anything BUT scary.
Indicators seem to be mostly Bullish into the election, with the put/call ratio up to 75 and the McClellan Oscillator minus 37 ( I like -50 for oversold). Opinion surveys, which report midweek, are diverging, with the Inv.Intell. complacent but the  AAII nervous. Bullish % actually gave a SELL signal with its 7 point drop, and Insider Selling leapt up from 12:1 to 55:1 over Buying.

Here are the numbers:

 
Date>
10/26/2012 10/19/2012
Indices: DJIA  13107 13343
  NAZ  2987 3005

SPX  1411 1433
WklyVolume (Bshs).

NASD/NYSE   9.0/3.4 9.3/3.6
Specul.Ratio hi=bullish 2.65 2.58
nasd/nyse


Sentiment: put/call-CBOE  75 68
VIX>50-alltmlow=8.8 17.8 17.06
Advance/Dec-NYSE.. 1151/1998 1864/1288
Weekly Net:
-847 576
     Cumulative: 141186 142033
Weekly  NYSE hi/low 231/113 468/70
New Hi's/Low's Nasdaq h/l 117/186 220/131
McClellan  Oscillator -37 -18
McClellanSum .+750/-1000 381 557
Newsletter Inv.Intel -Bull:tues 41.5 42.6
Surveys Bear:-5yrs 27.7 26.6

AAII  -Bull :wed. 29.2 28.7

Bear  43.1 44.5
COT:Change w/w large/small (net)k (3)/30 .  4/24
CEOinsider selling 55:1 12:1
3-box rev Bullish%-  69 76
US equity -ICI Fund Flows 1weeklag (1.7B)
MMF flows Change in $B .9B 5.8B
MargDebt- top (300M) monthly  AUG.: 287B
ETF:Eqty/ Int'l/Bond AUG.: 715/270/230
Assets in  Billion$$ .

2-yr Tsy Yield: Inflation 0.31% 0.30%

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