Monday, February 1, 2016

VIEW OF THE PAST

Back to what passes for Normal for the Sentiment Indicators. A couple things stand out: the Reliable McClellan Oscillator shot to a high 58, which is Overbot, so we had a mostly down day today; the Summation is very low - but not near a record. Also unusual - AAII Bull/Bear postcards were inverted to be Bullish FOR the market, not ON the market!).
This week I decided to juxtapose Multi-year highs next to last weeks Indicators (instead of the previous week's), to give a frame of reference. Nothing perilous.


Date> 2016 2/1/16 Multi-Year HI
Indices: DJIA  16466 18272
NAZ  4613 5147
SPX  1940 2126
WklyVolume (Bshs). naz/ny…. 10.8/5.9 12.2/6.1
Specul.Ratio hi=bullish 1.83 3.39
Sentiment: put/call-CBOE  64 104.11/08
VIX>50-alltmlow=8.8 20.2 90
Advance/Dec-NYSE.. 2370/845
Weekly Net: 1525
     Cumulative: 158152 168326
Weekly  NYSE hi/low… 96/253 950
New Hi's/Low's Nasdaq h/l 45/389
McClellan  Oscillator 58 Jan.09:108
McClellanSum .+750/-1000 -725 (1514).LOW
Newsletter Inv.Intel -Bull 29.2 62.9-12/04
Surveys-Tues Bear:-5yrs 35.4 54.4-10/08
Wed. AAII  -Bull  29.8
Bear  40 70.3(3/09)
US$-WSJ 99.6 90.8
CEOinsider selling 33 235:1
3-box rev Bullish%-  WeekLate (3.8B)
US equity -ICI Fund Flows 13.8B
MMF flows Change in $B 461B
MargDebt- top (300M) monthly  0.78% 507B
2-yr Tsy Yield: Inflation 111.4 0.96%
TIP (ETF) Inflation 110 Nov.'12:123


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