Sentiment: Standouts from last week in the Sentiment area include halitosis (bad breadth) in both NYSE and Nasdaq, as well as new highs and lows, despite the great Friday rally! Insider selling by sector was huge, but so was the buying, so that the S/B ratio came down to 25:1 from 61 the previous week.
The McClellan
Oscillator, a fairly fast-twitch indicator, closed at minus 43, a BUY signal
for Monday. Again, in spite of Friday's big UP day, the VIX closed up nearly 3
points w/w. The S&P500 COT
(Traders') large guys reversed from 11k to only 1k, while the small guys (dumb
money?) reversed to Bullish from minus 22k to plus 35k! The two-year Treas. hit
a new recent high in yield to 0.58%.
*note: I shall be on vacay next week, away from electronic thingees.
Here are the numbers:
| Date> | 9/26/2014 | 9/19/2014 | |
| Indices: | DJIA | 17113 | 17279 |
| NAZ | 4512 | 4579 | |
| SPX | 1982 | 2010 | |
| WklyVolume (Bshs). | naz/ny | 9.0/3.5 | 10.1/4.4 |
| Specul.Ratio hi=bullish | 2.57 | 2.3 | |
| Sentiment: | put/call-CBOE | 69 | 60 |
| VIX>50-alltmlow=8.8 | 14.9 | 12.1 | |
| Advance/Dec-NYSE.. | 646/2592 | 1604/1622 | |
| Weekly Net: | -1946 | -18 | |
| Cumulative: | 161903 | 163849 | |
| Weekly | NYSE hi/low | 88/315 | 209/187 |
| New Hi's/Low's | Nasdaq h/l | 95/322 | 174/232 |
| McClellan | Oscillator | -43 | -28 |
| McClellanSum | .+750/-1000 | -55 | 248 |
| Newsletter | Inv.Intel -Bull:tues | 48 | 52.5 |
| Surveys | Bear:-5yrs | 15.3 | 15.2 |
| AAII -Bull :wed. | 41.8 | 42.2 | |
| Bear | 28.2 | 23 | |
| COT:SPX w/w | large/small (net)k | (1k)/35k | 11k/(22k) |
| COT:gold comm.hedg | long-short.000 | (64k) | (77k) |
| CEOinsider | selling | 25:1 | 61:1 |
| off.&bd b/s.vs. | 10% holder b/s | 175/35 | 175/30 |
| 3-box rev | Bullish%- | 70 | 74 |
| US equity -ICI | Fund Flows | WeekDelay | (2.0B) |
| MMF flows | Change in $B | 15B | (16.7B) |
| MargDebt- top (300M) | monthly | 463B | 460B |
| ETF:mthlyEqty/ | Int'l/Bond-$B | n/a | 1100/443/272 |
| 2-yr Tsy Yield: Inflation | 0.58%nh | 0.57% | |
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