Then into August, in which month 6 of the past 8 stock markets were down, and the next one could be a doozy if the Fed ever gets out of the way of the Free markets. Even the 4-year Presidential cycle and 7-8 year cycle (think 2008, 2000, 1994, 1987). But what's to worry? TINA (There Is No Alternative to U S Stocks! What could possibly go wrong?
Yet another new high for stocks (sans OTC Composite), breadth remained huge (Yuge?) with NYSE new highs to lows : 510 to 19!!!! The Bullish % , Delta MACD crossover stocks on BUYs and McClellan Summation are getting quite high (but not rolling over).
Get ready for the Olympics and Election news ad nauseam!!!
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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