Monday, December 5, 2016

TAKING A "BREADTHER"

Last week saw new His only in the DJIA as breadth took a breather; Advance/declines were 1 to 2, but Stocks on Buy signals were Bullish, as were New His. Bulls and Bears ratios were not good (complacent) but early in the week.
Volume back to normal after the ThanksTaking Holiday week, and NYSE to NASD was Bullish (less speculative).
Here are the ##s:

Date   12/2/2016 11/25/2016
Indices: DJIA  19170 19152nh
  NAZ  5255 5398
SPX  2191 2213
WklyVolume (Bshs). naz/ny…. 9.4/5.5 6.0/3.0*
Specul.Ratio hi=bullish 1.71 2
Sentiment: put/call-CBOE  61 60
VIX>50-alltmlow=8.8 14.1 12.3
DeltaMSI-50% MAC crossover 66% 64%
Advance/Dec-NYSE.. 1026/2098 2454/662
Weekly Net: -1075 1792
     Cumulative: 169897 170972
Weekly  NYSE hi/low… 462/178 451/69
New Hi's/Low's Nasdaq h/l 536/144 628/84
McClellan  Oscillator 3 59
McClellanSum .+750/-1000 110 34
Newsletter Inv.Intel -Bull 56.3 55.9
Surveys-Tues Bear:-5yrs 22.3 21.6
Wed. AAII  -Bull  43.8 49.9
Bear  25.1 22.1
US$-WSJ 100.3 101.5
3-box rev Bullish%-  65 63
US equity -ICI Fund Flows WeekLate 6.9B
MMF flows Change in $B 13.9B 18.8B
MargDebt- top (300M) monthly  n/a 501B
10-yr Tsy yield hi= stock buying 2.39% 2.36%
2-yr Tsy Yield: Inflation 10.00% 1.12%
TIP (ETF) Inflation 113.1 113.1

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