Monday, February 7, 2005


but make sure you're also in the same book!
With the Dow's 300-point rise last week, off of the retest of the old Trading Range of '04, most Sentiment Indicators have quieted down for the nonce. The market upswing lulled the VIX to a recent low of 11.2, much like the multi-year low on Volatility on the Gold Index, the XAU, as the Dollar starts to rally thanks to the kindness of foreigners purchasing our Treasuries. Last week's 4:1 NYSE Advance/Decline ratio and 20:1 New Highs/New Lows bode well for a continuance of this direction.

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: 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 Zero (IN)Tolerance

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