Markets did hit new highs last week - Nasdaq and S&P 500, and NAS Volume increased over NY (speculative) to a 3-handle. New highs to lows ran above 10 to 1 on both the above indexes.
Other notable extremes: the Investors Intelligence Bears dropped to 15; the gold commercials continue to increase their shorting. Insider selling continues to be huge.
Here are the numbers:
|New Hi's/Low's||Nasdaq h/l||500/46||446/50|
|AAII -Bull :wed.||40.5||39.7|
|COT:SPX w/w||large/small (net)k||3k/(31k)||6k/(29k)|
|off.&bd b/s.vs.||10% holder b/s||160:50||200:50|
|US equity -ICI||Fund Flows||WeekDelay||3.1B|
|MMF flows||Change in $B||(4B)||20B|
|MargDebt- top (300M)||monthly||451Bnh|
|2-yr Tsy Yield: Inflation||0.37%||0.32%|
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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