UPDATE TIME

One of my readers last week requested that I update and explain the Sentiment Indicators I post weekly on this site. Over the past decade I have deleted and added a few. None of these Contrary Opinion numbers are actionable by themselves, but taken together can warn of speculative emotions.
The Indices are self-explanatory w/w ( week over week); Volume is Nasdaq vs. NYSE, a speculative signal; the CBOE equity Put to Call ratio and VIX are fear guides.
A new Delta MACD crossover is a bullish ( above 50) number , similar to Bullish %, or stocks on a BUY signal; Breadth is signalled by Advance/Decline, along with cumulative -now near record highs; also New Highs and Lows on the NYSE and Nasdaq.
The McClellan Oscillator ( and cum. Summation) is also a chart of advance/declines in a formula. The AAII and Investors' Intelligence Bull/Bear ratios are contrary - the I I become harder to locate recently ( I might switch back to Rydex.
Margin Debt remains HUGE, what with low rates; fund flows measure public $$, what with the ETF monster sucking up much in Index funds - some coming from Index Mutual Funds!!! Finally, the 2 and 10- year Treas. rates can be used to forecast a Recession - for over a Century we have never had a 10-year period where a Recession did not happen, and it always had an inverted Yield Curve (backwardation, not Contango) -the spread is lessening recently, as is the 3-month to 10-year TSY.
TIPs measure Inflation which at present is nonexistent.
Here are the recent numbers:

 

Date		7/21/2017	7/14/17
Indices:	DJIA	21580	21637
	NAZ	6387	6312
	SPX	2472	2459
WklyVolume (Bshs).	naz/ny….	8.6/3.7	8.6/3.8
Specul.Ratio hi=bullish		2.32	2.26
Sentiment:	put/call-CBOE	58	61
VIX>50-alltmlow=8.8		9.4	9.5
DeltaMSI-50%	MAC crossover	69.9	58.9
Advance/Dec-NYSE..		1881/1182	2174/902
Weekly Net:		699	1272
Cumulative:		179896	179197
Weekly	NYSE hi/low…	431/48	323/83
New Hi's/Low's	Nasdaq h/l	393/122	282/153
McClellan	Oscillator	18	29
McClellanSum	.+750/-1000	727	594
Newsletter	Inv.Intel -Bull	na	50
Surveys-Tues	Bear:-5yrs	na	18.6
Wed.	AAII  -Bull	36	28.2
	Bear	26	29.6
US$-WSJ		94	95.1
3-box rev	Bullish%-	75	73
US equity -ICI	Fund Flows	weeklate	(2.1B)
MMF flows	Change in $B	(9.9B)	0
MargDebt- top (300M)	monthly		540B
10-yr Tsy yield	hi= stock buying	2.24	2.33
2-yr Tsy Yield: Inflation		1.34	1.36
TIP (ETF)	Inflation	113.6	113