Post-holiday ennui set in with sellers taking profits from the record highs, yet sentiment grew more complacent. Put/calls went from 52 to 60, although the VIX did rise. Declines vastly outnumbered the advances, with New Highs still positive.Inv. Intell Bears dropped to the 15 handle, not seen in awhile. Commercial gold traders foresaw something last week with record selling - 166K, a new high, and gold dropped $30 on Monday, 10 more today. Must have been the Barron's bullish interview!
Here are the numbers:
| Date> | 7/11/2014 | 7/3/14*hol | |
| Indices: | DJIA | 16943 | 17068 |
| NAZ | 4415 | 4485 | |
| SPX | 1967 | 1985 | |
| WklyVolume (Bshs). | naz/ny | 8.7/3.0 | 6.3/2.6 |
| Specul.Ratio hi=bullish | 2.9 | 2.42 | |
| Sentiment: | put/call-CBOE | 60 | 52 |
| VIX>50-alltmlow=8.8 | 12.1 | 10.3 | |
| Advance/Dec-NYSE.. | 1173/2070 | 1944/1276 | |
| Weekly Net: | -897 | 668 | |
| Cumulative: | 163834 | 164731 | |
| Weekly | NYSE hi/low | 309/60 | 599/30 |
| New Hi's/Low's | Nasdaq h/l | 137/103 | 307/51 |
| McClellan | Oscillator | -38 | 5 |
| McClellanSum | .+750/-1000 | 894 | 1053 |
| Newsletter | Inv.Intel -Bull:tues | 60.6 | 57.6 |
| Surveys | Bear:-5yrs | 15.2 | 16.1 |
| AAII -Bull :wed. | 37.6 | 38.5 | |
| Bear | 28.7 | 22.4 | |
| COT:SPX w/w | large/small (net)k | .6/1 | n/a |
| COT:gold comm.hedg | long-short.000 | (166k)nh | n/a |
| CEOinsider | selling | 104:1 | 20:1 |
| off.&bd b/s.vs. | 10% holder b/s | 220:20 | 175:25 |
| 3-box rev | Bullish%- | 84 | 84 |
| US equity -ICI | Fund Flows | WeekDelay | (1.1B) |
| MMF flows | Change in $B | 5.4B | 13.1B |
| MargDebt- top (300M) | monthly | ||
| ETF:mthlyEqty/ | Int'l/Bond-$B | ||
| 2-yr Tsy Yield: Inflation | 0.45% | 0.51% | |
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Silver is usually trading in sync with Gold but silver often gets more volatile than gold.
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