JANUARY SALES

Although most Sentiment Indicators are coming off extreme highs, nearly all have regressed to the mean last week. Still exceptionally high are the Insider Sales of company stocks, especially the Board and Officers contingent, with over ninety percent of these from exercised stock options (year end).
Despite market weakness, breadth remains strong, via A/D and New Highs to Lows.

Here are the numbers:

Date>		1/17/2014	1/10/2014
Indices:	DJIA	16458	16437
	NAZ	4197	4174
	SPX	1838	1842
WklyVolume (Bshs).	naz/ny	10.6/3.6	11.1/3.5
Specul.Ratio hi=bullish		2.94	3.17
Sentiment:	put/call-CBOE	54	51
VIX>50-alltmlow=8.8		12.4	12.1
Advance/Dec-NYSE..		1700/1493	2058/1147
Weekly Net:		207	911
Cumulative:		155147	154940
Weekly	NYSE hi/low	455/63	418/45
New Hi's/Low's	Nasdaq h/l	481/59	470/51
McClellan	Oscillator	16	33
McClellanSum	.+750/-1000	584	479
Newsletter	Inv.Intel -Bull:tues	56.1	60.6
Surveys	Bear:-5yrs	15.3	15.2
	AAII  -Bull :wed.	39	43.6
	Bear	21.5	25
COT:SPX w/w	large/small (net)k	3/28k	4/32k
COT:gold  comm.hedg	long-short.000	(45k)	(42k)
CEOinsider	selling	108:1	106:1
off.&bd b/s.vs.	10% holder b/s	130:15*	230:6
3-box rev	Bullish%-	81	82
US equity -ICI	Fund Flows	WeekDelay	(3.4B)
MMF flows	Change in $B	(14B)	(4.2B)
MargDebt- top (300M)	monthly	424B
ETF:mthlyEqty/	Int'l/Bond-$B	999/395/248	NOV.
2-yr Tsy Yield: Inflation		0.38%	0.39%

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JANUARY SALES