FEDERAL RESERVE OR FEDERAL REVERSE??

August's second half and September are the worst time of year for the Stock Market - will the Fed keep raising rates to fight no imminent Inflation? We finally got a shot across the bow last week with a market downdraft of more than 1%, but have rallied almost all the way back in a retracement - the McClellan Oscillator gave us the clue at minus 69 (below 50), and the CBOE put/call option ratio spiked to 81 as the VIX almost doubled. MMFs flows jumped up from mutual funds, and NYSE Breadth was terrible. See below:

Date		8/11/2017	8/4/2017
Indices:	DJIA	21858	22092
	NAZ	6256	6351
	SPX	2441	2476
WklyVolume (Bshs).	naz/ny….	9.5/4.0	9.7/4.3
Specul.Ratio hi=bullish		2.38	2.26
Sentiment:	put/call-CBOE	81	68
VIX>50-alltmlow=8.8		15.5	10
DeltaMSI-50%	MAC crossover	60	66.4
Advance/Dec-NYSE..		561/2527	1522/1546
Weekly Net:		-1966	-24
Cumulative:		177913	179879
Weekly	NYSE hi/low…	259/231	388/131
New Hi's/Low's	Nasdaq h/l	244/297	298/216
McClellan	Oscillator	-69	-13
McClellanSum	.+750/-1000	460	711
Newsletter	Inv.Intel -Bull	57.5	60
Surveys-Tues	Bear:-5yrs	17	16.2
Wed.	AAII  -Bull	33.7	36.1
	Bear	32.3	32.1
US$-WSJ		93.1	93.4
3-box rev	Bullish%-	67	69
US equity -ICI	Fund Flows	weeklate	(3.9B)
MMF flows	Change in $B	30B	20.4B
MargDebt- top (300M)	monthly
10-yr Tsy yield	hi= stock buying	2.19	2.26
2-yr Tsy Yield: Inflation		1.29	1.35
TIP (ETF)	Inflation	111.7	113.6

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FEDERAL RESERVE OR FEDERAL REVERSE??