As some of you readers know I have been writing a sentiment blog since 2004, based on the Indicators I studied for my Chartered Market Technician designation. After halting my journalistic efforts on the Examiner.com and Marina Times, I started popping the column up on Facebook. Kindly, none of my family and friends have complained or delisted me (defriended??), but I decided to stop Spamming everyone and encouraging interested persons to check out my Monday blog: http://mktsentiment.blogspot.com/, or even sign up for it. The column will resume after my return from vaca!
I've used it to try to boil down what I consider recent meaningful research (Barron's, Mauldin, et.al.), as well as the above Sentiment Indicators, such as put/call ratios, newsletter opinions, etc.
The extremes last week (not many from the prior week) were a Bullish reading from the AAII (Individual Investor) where - as you can see below- Bulls and Bears were tied. Margin interest hit new highs (low interest rates could be dangerous), while Futures Traders (COT) smart money is shorting Oil and gold, but long stocks (SPX).
Here are the numbers:
|New Hi's/Low's||Nasdaq h/l||181/197||258/180|
|COT:SPX w/w||large/small (net)k||10k/(26k)||11k/(17k)|
|off.&bd b/s.vs.||10% holder b/s||.160/40||.160/40|
|US equity -ICI||Fund Flows||WeekDelay||(7.3B)|
|MMF flows||Change in $B||8.6B||(5.9B)|
|MargDebt- top (300M)||monthly||MARCH||476Bnh|
|2-yr Tsy Yield: Inflation||0.58%||0.60%|
With record numbers of dollars coming out of Money Market Funds, mostly into the crowded trade of short term bonds, anyone who has a minimal knowledge of covered call options and/or an interest in hedging stock market exposure might want to check out: brentleonard.com for an alternative strategy that is low-risk as well as highly rewarding. For those of you wanting more details and actual trading results, a new book is available for $14.95 at Amazon.com: Zero (IN)Tolerance
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