Monday, November 2, 2009


This stock market has more "LEGS" than the FOX Channel!

After a wild end to October (since 70% of market Volume is now HFTs, or High Frequency Traders), we resume upwards in Nov. The McClellan Oscillator at -100 was the first clue, in the Sentiment mix. VIX upward spikes around the first of the month have been the norm since the March rally started.

Investment newsletters are mixed with the Inv. Intell. Bullish on the market, while the AAII is inverted (Bears over Bulls) and Bullish FOR the market.

Both Equity mutual fund and money market fund flows have been slightly negative recently. Longer term, the Nova/Ursa ratio of long/short is more negative FOR the market, as is CEO Insider Selling at 24:1.

See numbers in box to the left under Recent Posts -Weekly Numbers:

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

Subscribe in a reader


No comments:

Post a Comment