Greece faces Deadline
Iran talks postpone deadlines
(What's taking Kerry so long? It's as easy as riding a bike!)
A Shooting in Oakland
No rain in California today
Looking into the China economic mess - it is plug ugly! Their GDP is $10T and they lost $4T in the stock crash over there; US GDP is $18T - the same as our debt.
Gold and other commodities are getting hit bigtime as global investors sell to meet margin and other reqs. ; using them as collateral to buy and hedge stocks. Gold is down 40% from Sept., Silver down 70%, Oil 50% from highs.
Last week's markets took a Bungee jump (twice) and wound up where it started , as did the VIX- SPX (500) went from 2076 to 2076! still under the Technical Support turned Resistance of 2080 ( although it has climbed above that today via the Greek "promise". - Owed To A Grecian Earn?
Why don't we let the rich EX-Patriots from Greece bail them out??
MMFs (money markets) increased a lot due to the turmoil; the McClellan Oscillator jumped up over the equator (zero line) and the AAII Bears still outnumbered Bulls, slightly. Breadth was better, but New Lows dominated the New Highs. Investors are selling high dividend players (Rate Hike?) - of the SPX - top 50 high dividend payers fell 6% in 2015 where low payers rose 6%. Per Barron's
Here are the Sentiment ##s:
| Date> | 7/10/2015 | 7/3/2015 | |
| Indices: | DJIA | 17760 | 17730 |
| NAZ | 4997 | 5009 | |
| SPX | 2076 | 2076 | |
| WklyVolume (Bshs). | naz/ny…. | 9.2/3.9 | 7.3/3.6 |
| Specul.Ratio hi=bullish | 2.36 | 2.03 | |
| Sentiment: | put/call-CBOE | 73 | 78 |
| VIX>50-alltmlow=8.8 | 16.8 | 16.8 | |
| Advance/Dec-NYSE.. | 715/1177 | 977/2260 | |
| Weekly Net: | -462 | -1283 | |
| Cumulative: | 163671 | 164133 | |
| Weekly | NYSE hi/low… | 113/446 | 115/514 |
| New Hi's/Low's | Nasdaq h/l | 157/354 | 160/255 |
| McClellan | Oscillator | 13 | -12 |
| McClellanSum | .+750/-1000 | -402 | -328 |
| Newsletter | Inv.Intel -Bull | 44.8 | 49.5 |
| Surveys-Tues | Bear:-5yrs | 15.6 | 15.4 |
| Wed. | AAII -Bull | 27.9 | 22.6 |
| Bear | 29.2 | 35.1 | |
| COT:SPX w/w | large/small (net)k | 9k/(29k) | n/a |
| COT:gold comm.hedg | long-short.000 | (63k) | n/a |
| COT:OIL comm.hedg | long-short. | (291k) | n/a |
| US$-WSJ | 87.1 | 87.1 | |
| CEOinsider | selling | 28:01:00 | n/a |
| off.&bd b/s.vs. | 10% holder b/s | discont. | discont. |
| 3-box rev | Bullish%- | 54 | 57 |
| US equity -ICI | Fund Flows | week delay | (5.5b) |
| MMF flows | Change in $B | 19.2B | 13B |
| MargDebt- top (300M) | monthly | 499B | |
| ETF:mthlyEqty/ | Int'l/Bond-$B | 1268/525/320 | |
| 2-yr Tsy Yield: Inflation | 0.64% | 0.63% | |
| TIP (ETF) | Inflation | 111.82 | 112.13 |
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