Mutual Fund, ETF Flows and Margin Debt update

Margin Debt Message:

1. basic signal is bullish (positive ROC, still rising)
2. ROC has reached a level where we either go parabolic (think 1995) or where the animal spirits get tired and that in turn will limit the move
3. a lower (high) ROC reading could signal the turn

MUTUAL FUND FLOWS are negative...
...but shorter term trading vehicles like ETF are positive , which aligns with our MARGIN DEBT message.
The least we can say is that Mr. Market looks tired.