A week before Labor Day, everyone, including global economists at Jackson Hole, seems to be on vacation - with both NYSE and Nasdaq Volume below normal levels. However, the recent market decline has reversed, as has the NYSE Hi/Lo reading. The AAII Bull/Bear ratio inverted to the Bear side (Bullish for stocks); the Dollar hit a new recent Low, and MMF inflows continue to expand, as they leave equity funds and ETFs. But Margin Debt leapt back to all time highs, with low interest rates. Not a good sign for when rates rise again, just as with the national debt of $20T !!
Here are the numbers:
| Date |
|
|
8/18/2017 |
| Indices: |
DJIA |
21813 |
21674 |
|
NAZ |
6265 |
6216 |
|
SPX |
2443 |
2425 |
| WklyVolume (Bshs). |
naz/ny…. |
7.6/3.5 |
9.0/3.9 |
| Specul.Ratio
hi=bullish |
2.17 |
2.31 |
| Sentiment: |
put/call-CBOE |
61 |
71 |
| VIX>50-alltmlow=8.8 |
11.3 |
14.3 |
| DeltaMSI-50% |
MAC crossover |
48 |
51 |
| Advance/Dec-NYSE.. |
2126/944 |
1386/1678 |
| Weekly Net: |
|
1182 |
-292 |
| Cumulative: |
178803 |
177621 |
| Weekly |
NYSE hi/low… |
207/203 |
164/245 |
| New Hi's/Low's |
Nasdaq h/l |
152/222 |
147/282 |
| McClellan |
Oscillator |
8 |
-49 |
| McClellanSum |
.+750/-1000 |
172 |
241 |
| Newsletter |
Inv.Intel -Bull |
48.1 |
50.5 |
| Surveys-Tues |
Bear:-5yrs |
18.3 |
18.1 |
| Wed. |
AAII
-Bull |
28.1 |
34.2 |
|
Bear |
38.3 |
32.8 |
| US$-WSJ |
|
92.5 |
93.4 |
| 3-box rev |
Bullish%- |
65 |
54 |
| US equity -ICI |
Fund Flows |
weeklate |
(11.2B) |
| MMF flows |
Change in $B |
29,4B |
12.6B |
| MargDebt- top (300M) |
monthly |
550B |
|
| 10-yr Tsy yield |
hi= stock buying |
2.17 |
2.2 |
| 2-yr
Tsy Yield: Inflation |
1.33 |
1.31 |
| TIP (ETF) |
Inflation |
114.1 |
114 |
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