Monday, November 17, 2014

REST STOP

After a huge post-correction rally, it might be a time to stop and reflect on the immediate future of stocks. The McClellan Oscillator is coming off a very high level, and the NYA Composite it is based on has  yet to hit a new high, unlike the other indices which went to new highs - albeit on negative A/D breadth. The Oscillator itself went negative after posting +50 highs the last three weeks.
Insider selling increased a bit, as did shorting of gold - but the gold miners' indices seemed to jump up with huge Volume the past few days - Oversold? GDX, NUGT.

Here are the numbers:

Date> 11/14/2014 11/7/2014
Indices: DJIA  17634 17573
  NAZ  4688 4632
SPX  2039 2031
WklyVolume (Bshs). naz/ny 8.8/3.5 9.7/3.9
Specul.Ratio hi=bullish 2.51 2.49
Sentiment: put/call-CBOE  60 63
VIX>50-alltmlow=8.8 13.3 13.1
Advance/Dec-NYSE.. 1534/1726 1798/1451
Weekly Net: -192 347
     Cumulative: 163569 163761
Weekly  NYSE hi/low 458/116 540/172
New Hi's/Low's Nasdaq h/l 313/184 337/192
McClellan  Oscillator 15 53
McClellanSum .+750/-1000 441 275
Newsletter Inv.Intel -Bull:tues 55.5 54.6
Surveys Bear:-5yrs 14.8 15.1
AAII  -Bull :wed. 57.9 52.7
Bear  19.3 15.1
COT:SPX w/w large/small (net)k 6K/6K 5k/3k
COT:gold  comm.hedg long-short.000 (72K) (55k)
CEOinsider selling 34:1 24:1
off.&bd b/s.vs. 10% holder b/s 210:40 160:45
3-box rev Bullish%-  69 65
US equity -ICI Fund Flows WeekDelay (1.7B)
MMF flows Change in $B 9.1B 5.9B
MargDebt- top (300M) monthly  SEPT: 464B
ETF:mthlyEqty/ Int'l/Bond-$B SEPT: 1120/432/276
2-yr Tsy Yield: Inflation 0.52% 0.50%


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