Monday, June 14, 2004

WEEKLY INDICATORS: JUNE 12

Most Indicators are in the Neutral range this week: CBOE put/call ratio slightly Bullish at 74, and the AAII market letter survey jumped from 33% to 55% Bulls, moving negatively. Strengthening A/D ratio and New Highs ratio reflect recent runup, now correcting from overbought during Reagan week.

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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