Monday, May 26, 2014

Memorial Day - Forgetable Week

Despite record highs in the DJIA and SPX (S&P 500) last week, most Sentiment Indicators were well within their zones. Only standout (due to the above records) was the VIX, which slipped down below 12, to 11.4. Looking at short and long term charts of the VIX, this level was usually followed shortly by a sharp upturn within a few days - meaning a correction of some measure should be in the offing - possibly after the first day of the month, which is traditionally the biggest up day of any month (??).

Here are the numbers:

Date> 5/23/2014 5/16/2014
Indices: DJIA  16606 16491
  NAZ  4185 4090
SPX  1900 1877
WklyVolume (Bshs). naz/ny 8.4/3.0 9.2/3.4
Specul.Ratio hi=bullish 2.8 2.71
Sentiment: put/call-CBOE  63 64
VIX>50-alltmlow=8.8 11.4 12.4
Advance/Dec-NYSE.. 2107/1115 1694/1505
Weekly Net: 992 189
     Cumulative: 161013 160021
Weekly  NYSE hi/low 290/78 300/91
New Hi's/Low's Nasdaq h/l 111/156 122/216
McClellan  Oscillator 15 -15
McClellanSum .+750/-1000 747 770
Newsletter Inv.Intel -Bull:tues 57.2 55.1
Surveys Bear:-5yrs 18.3 19.4
AAII  -Bull :wed. 30.3 33.1
Bear  26.4 22.6
COT:SPX w/w large/small (net)k 8k/8k 12k/10k
COT:gold  comm.hedg long-short.000 (106K) (102k)
CEOinsider selling 17::1 15:1finance
off.&bd b/s.vs. 10% holder b/s 160:20 160:40
3-box rev Bullish%-  74 71
US equity -ICI Fund Flows WeekDelay (2.3B)
MMF flows Change in $B (3.9B) (3.1B)
MargDebt- top (300M) monthly  450B MAR.
ETF:mthlyEqty/ Int'l/Bond-$B 1049/401/259 MAR.
2-yr Tsy Yield: Inflation 0.35% 0.36%

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