SEEING RED-GETTING MAD:

It is apparent where the above phrase came from - in recent weeks, the hundreds of stocks, ETFs, Muni CEFs, etc. on the screens are 100% RED, as in down - with an occasional up day. But it is like the traffic light that turns green to let about 5 cars pass, then back to red for a couple minutes in the other direction.
Going on another stress-relief vacation down the California coast, I'm having to post a partial list of indicators this week, catching up near Thanksgiving. Despite the huge swings of this past week, these signals are pretty much the same as last week: exceptions include the recently added Baltic Dry Index (a Global Economy proxy), finally bouncing up a bit; Mutual fund inflows were quiet, but the SDS (inverse SPX etf) Volume was near its high, indicating pessimism.
Here are the numbers- fill in the blanks from Barron's, etc.:

DJIA ………. ………….8943………..14093............7286
Nasdaq………. ……….1647…………2810.............1114
S&P500…….. ………….930………….1561………..776
CBOE Eq. put/call …… ……..82…….…..96-10/08….....46-1/03

VIX ………. …………..56.1…….…….79..-10/08bull….10.0-7/05 bear

McClellan Osc………-2 (Thurs)….46……………..91 -5 /04 bear...(-100)-10/08bull
McClelSum……….…-1148..Thurs…-1134……..…....1568-6/03.......-1514-10/08
Newsletter Surveys:
Inv.Intel -Bull:…..…31.9………….30.3……….…63 (12/04bear)......22.2-10/08bull
Bear:………… 46.1………….48.3…..………… 54.4.10/08.......16-6/03
Baltic Dry Index ……838………..829nl 829
AAII-Bull/Bear ………………..44.8/33.3..……..n/a n/a
Public/NYSE Spec.-… ………19.4… …….……22-10/08…………14.1
Bullish%- ………26…………..43sell………….…88 -2/04bear.....2-10/08bull
*Insider corporate sellers. ………6.6:1…. ………..97………….4-10/08
Mutual Fund Inflows (.2B)…………(.5B
ETF InflowsL……….2.8B…………4.6B……
Money Market Inflows: .23B……….138B)… … ………144B

www.mktsentiment.blogspot.com is a free weekly display of important contrary opinion statistics, with the disclosure that eventual fees may be paid to the author from readers clicking on the website and/or the small ad at the top of the column.

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

Subscribe in a reader

SEEING RED-GETTING MAD: