Monday, December 16, 2013

Beware The Bear



For the second week in a row, the Advance/Decline was negative - much more than the prior week. Most extreme was the Insider Selling Volume - HUGE- and the ratio was 75 to 1 over Buyers. This is not as great an indicator, since it comingles 10% stock holders along with the Board members and Officers-  the latter being the most informed. Still...
The McClellan oscillator, near the minus 50 level, at -38, could have foretold the nice Monday rally, but no more than that.


Date>
12/13/2013 12/6/2013
Indices: DJIA  15755 16020
  NAZ  4000 4062

SPX  1775 1805
WklyVolume (Bshs). naz/ny 8.9/3.4 8.9/3.6
Specul.Ratio hi=bullish 2.62 2.47
Sentiment: put/call-CBOE  60 55
VIX>50-alltmlow=8.8 15.8 13.8
Advance/Dec-NYSE.. 875/2324 1059/2133
Weekly Net:
-1449 -1074
     Cumulative: 151435 152884
Weekly  NYSE hi/low 269/401 323/259
New Hi's/Low's Nasdaq h/l 281/125 386/83
McClellan  Oscillator -38 -18
McClellanSum .+750/-1000 29 213
Newsletter Inv.Intel -Bull:tues 58.2 57.1
Surveys Bear:-5yrs 14.3 14.3

AAII  -Bull :wed. 41.3 42.6

Bear  25 27.5
COT:SPX w/w large/small (net)k 13/22 6/25
COT:gold  comm.hedg long-short.000 (29k) (22k)
CEOinsider selling 75:1huge 29:1
3-box rev Bullish%-  80 83
US equity -ICI Fund Flows WeekDelay (1.0B)
MMF flows Change in $B 7.5B 24.2B
MargDebt- top (300M) monthly 

ETF:mthlyEqty/ Int'l/Bond-$B

2-yr Tsy Yield: Inflation 0.32% 0.30%

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