Tuesday, May 13, 2014

BETTER LATE THAN NEVER

After a scintillating vacation into the hills (Lake Tahoe) cum snow, etc., and a Birthday celebration (76 today) I'm ready to catch up.

Not much happened last week in Sentiment although the market did its usual volatile swing. Following through with new highs the technicals are getting Bullish - I usually use 3 closes above previous highs/Resistance, so we're not ready to jump in with both feet.
Insider selling has abated, mutual fund flows show a return to MMFs (money markets), but commercial future traders in Gold still show large selling, although word is China is buying Gold.

Here are the numbers:

Date> 5/9/2014 5/2/2014
Indices: DJIA  16583 16512
  NAZ  4138 4123
SPX  1884 1881
WklyVolume (Bshs). naz/ny 10.2/3.4 10.2/3.9
Specul.Ratio hi=bullish 3 2.62
Sentiment: put/call-CBOE  68 61
VIX>50-alltmlow=8.8 12.9 12.9
Advance/Dec-NYSE.. 1527/1693 2168/1047
Weekly Net: -166 1121
     Cumulative: 159832 159998
Weekly  NYSE hi/low 322/137 319/99
New Hi's/Low's Nasdaq h/l 103/303 136/221
McClellan  Oscillator 16 16
McClellanSum .+750/-1000 827 842
Newsletter Inv.Intel -Bull:tues 55.8 54.7
Surveys Bear:-5yrs 19.7 20.6
AAII  -Bull :wed. 28.3 29.8
Bear  28.7 29.4
COT:SPX w/w large/small (net)k 8k/15k 14k/14k
COT:gold  comm.hedg long-short.000 (110k) (98k)
CEOinsider selling 18:1 40:1
off.&bd b/s.vs. 10% holder b/s 150:50 150:25
3-box rev Bullish%-  72 69
US equity -ICI Fund Flows WeekDelay (4B)
MMF flows Change in $B 16B (10B)
MargDebt- top (300M) monthly  MAR 450B
ETF:mthlyEqty/ Int'l/Bond-$B MAR 1049/401/259
2-yr Tsy Yield: Inflation 0.39% 0.43%

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