This week’s Chartprofit eBook is available to view
The DNL Reader is required to view the eBook.
If you do not have this program please download it here:
www.digitalwebbooks.com/reader/
*********** PRICE PERFORMANCE / LOCATION
Last week was a positive week with Friday closing above the Mon(or Tue)-Wed Hi-Lo Range indicating Buyers Active on the weekly timeframe. Large Cap indices broke out helped by a strong performance fro the technology Sector. The four major stock index ETFs all have increasing and positive Momentum (PriceOsc). IWM is still having difficulty with the 114.0 Resistance (1/2R off March high) and this is a Key chart again this week. Price above this level would be a further positive.
ES: Significant Buying was marked once and no Significant Selling.
.
*********** BREADTH
Breadth: CP Market Timing System: Turned positive for Nyse, remained negative for Nasdaq and R2000 and turned positive for U.K.
Stocks>50dyma numbers: Nyse 62%, Nasdaq 42%, R2000 47%, U.K. 59%. Numbers >50 are considered supportive.
*********** SENTIMENT
.
Consensus Polls:
05/30: AAII (public poll). Bulls% was higher at 36.5% which is a 10wk high. Bears% was lower at 23.2%. The nett (Bulls minus Bears) is at 13.3 which is an 11wk high
05/30: Investors Intelligence. Bulls% was higher at 58.3%. Bears% was lower at 17.3%. The nett (Bulls minus Bears) at 41 is an 18wk high
05/30: Market Vane (advisers) poll was higher at 62
05/30: The NAAIM Exposure Index (a measurement of average current equity exposure among active money managers) was higher at 72.52
Mutual Fund Flow:
05/30: My version of the Rydex Assets Ratio ended the week at 7.10. The highest ratio in my database being 8.39 on 03/13.
05/30: lipperusfundflows reported Equity Fund (inc ETF) inflows of $2 Billion in the week to 28th May
05/30: lipperusfundflows ex_ETFs reported Equity Fund inflows of $388 Million in the week to 28th May
VIX
05/30: VIX closed at 11.4 on Friday, close to prvious Friday’s 11.36 which was the lowest since March 2013