Tuesday, June 7, 2016

SWEET BREADTH

One of the lesser known Sentiment Indicators is the Speculation of Nasdaq stocks to NYSE, which is near its long term low this week; also low is the CBOE put/call ratio and VIX. Buyers versus Sellers got stronger, as we approach the old highs again, with the Fed putting off rates, the Brexit and Election upcoming:
Advances over Declines rose, as did New Highs over Lows (368 to 27) -  my cumulative A/D this week is EXACTLY at the all-time high of 168,326!! The McClellan Summation is moving to 1,0000 again. Here are the numbers:

Date>   6/3/2016 5/27/2016
Indices: DJIA  17807 17873
  NAZ  4942 4933
SPX  2099 2099
WklyVolume (Bshs). naz/ny…. 7.3/4.3* 8.6/4.2
Specul.Ratio hi=bullish 1.7 2.05
Sentiment: put/call-CBOE  60 59
VIX>50-alltmlow=8.8 13.5 13.1
DeltaMSI-50% MAC crossover 70% 64%
Advance/Dec-NYSE.. 2167/1011 2482/695
Weekly Net: 1156 1787
     Cumulative: 168326 167170
Weekly  NYSE hi/low… 368/27 241/50
New Hi's/Low's Nasdaq h/l 202/79 190/106
McClellan  Oscillator 30 21
McClellanSum .+750/-1000 843 731
Newsletter Inv.Intel -Bull 45.4 35.4
Surveys-Tues Bear:-5yrs 23.7 24
Wed. AAII  -Bull  30.2 17.8
Bear  29.1 29.4
US$-WSJ 94 95.7
3-box rev Bullish%-  71 69
US equity -ICI Fund Flows WeekLate (,9B)
MMF flows Change in $B 0 14.2B
MargDebt- top (300M) monthly  456B March
10-yr Tsy yield hi= stock buying 1.70% 1.85%
2-yr Tsy Yield: Inflation 0.78% 0.92%
TIP (ETF) Inflation 115.1 114.3


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