Monday, February 10, 2014

BACK TO NORMAL

Stocks seem to be on track with Janet Yellen to be more accommodative even than Ben. Only extremes were the dramatic reversal of the AAII Bull/Bear ratio over three weeks and the New His/Los going negative. Also, gold commercial traders actually increased selling, although an extreme oversold condition exists.The whole yield curve of Treasurys is also defying popular consensus.
Here are the numbers:

Date> 2/7/2014 1/31/2014
Indices: DJIA  15794 15698
NAZ  4125 4103
SPX  1797 1782
WklyVolume (Bshs). naz/ny 10.8/4.0 10.9/3.7
Specul.Ratio hi=bullish 2.7 2.95
Sentiment: put/call-CBOE  62 57
VIX>50-alltmlow=8.8 15.3 18.4
Advance/Dec-NYSE.. 1721/1473 1451/1756
Weekly Net: 248 -305
     Cumulative: 154048 153800
Weekly  NYSE hi/low 132/196 138/171
New Hi's/Low's Nasdaq h/l 148/159 214/102
McClellan  Oscillator 14 -31
McClellanSum .+750/-1000 300 443
Newsletter Inv.Intel -Bull:tues 45.9 53.1
Surveys Bear:-5yrs 17.4 15.3
AAII  -Bull :wed. 27.9 32.2
Bear  36.4 32.8
COT:SPX w/w large/small (net)k (3k)/(2k) 7/8k
COT:gold  comm.hedg long-short.000 (97k) (65K)
CEOinsider selling 24:1 31:1
off.&bd b/s.vs. 10% holder b/s 160:25 215:40
3-box rev Bullish%-  63 70
US equity -ICI Fund Flows WeekDelay 1.9B
MMF flows Change in $B (1.0B (1.8B)
MargDebt- top (300M) monthly  445B
ETF:mthlyEqty/ Int'l/Bond-$B DEC. 1028/399/246
2-yr Tsy Yield: Inflation 0.30% 0.34%

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