Maybe this will precipitate a much-needed correction in the stock market, especially Nas and tech stocks.
Not much new in the Sentiment area, although Insider Selling by Industry group (although several n/as in there) actually doubled from the week before - 34 to 68 to 1. My favorite predictor, the McClellan Oscillator did fall to -48, just two points away from my usual BUY signal of minus 50 - hence the rally today!
Here are the numbers:
|New Hi's/Low's||Nasdaq h/l||79/157||258/103|
|AAII -Bull :wed.||28.5||35.4|
|COT:SPX w/w||large/small (net)k||12k/20k||9k/21k|
|off.&bd b/s.vs.||10% holder b/s||180:15||175:30|
|US equity -ICI||Fund Flows||WeekDelay||.9B|
|MMF flows||Change in $B||(17.7B)||(13.2B)|
|MargDebt- top (300M)||monthly||466B||FEB.|
|2-yr Tsy Yield: Inflation||0.36%||0.42%|
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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