Monday, October 27, 2014

BOO WHO

Not the scariest October in record, in fact one of the most expected corrections in recent years - sans Fed activity. Usually the Hallowe'en Effect creates a buying opportunity for stocks, but not last year, nor 2010.

Sentiment extremes quieted down last week, with the breadth (advance/decline) continuing UP and the Insider selling DOWN. In fact the 10% stockholders are Buying recently. The McClellan Oscillator went to a +68 - way overbought, hence the small selloff at today's open. MMF flows are making as violent swings as the markets.

Here are the numbers:

Date> 10/24/2014 10/17/2014
Indices: DJIA  16805 16380
NAZ  4483 4258
SPX  1964 1886
WklyVolume (Bshs). naz/ny 9.3/3.9 12.7/5.2
Specul.Ratio hi=bullish 2.38 2.44
Sentiment: put/call-CBOE  63 75
VIX>50-alltmlow=8.8 16.1 22
Advance/Dec-NYSE.. 2135/572 2000/1250
Weekly Net: 1563 750
     Cumulative: 161787 160224
Weekly  NYSE hi/low 214/101 89/813
New Hi's/Low's Nasdaq h/l 137/152 81/650
McClellan  Oscillator 68 10
McClellanSum .+750/-1000 -353 -625
Newsletter Inv.Intel -Bull:tues 35.3 37.8
Surveys Bear:-5yrs 18.2 17.3
AAII  -Bull :wed. 49.7 42.7
Bear  22.5 33.7
COT:SPX w/w large/small (net)k (1k)/(7k) 0k/20k
COT:gold  comm.hedg long-short.000 (105k) (75k)
CEOinsider selling 12:1 13:1
off.&bd b/s.vs. 10% holder b/s 210:25 160:20BUY
3-box rev Bullish%-  48 41
US equity -ICI Fund Flows WeekDelay (5.0B)
MMF flows Change in $B 12.9B (22B)
MargDebt- top (300M) monthly 
ETF:mthlyEqty/ Int'l/Bond-$B
2-yr Tsy Yield: Inflation 0.39% 0.38%

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