Another Friday the 13th passes harmlessly, as did a very interesting TSAA Annual Seminar at Golden Gate Univ., especially for those interested in options, with several seasoned veterans holding forth - Jon Najarian, Rick Ackerman, Tim Knight, Charles Cottle, and a webinar by Dan Sullivan, et.al.
Over 100 attendees sat and listened for 9 hours to various software programs, strategies, etc.
The market continues its upward march fueled by corporate cash not wanting to invest in capital or dividends, 8% cash in bond MMFs, and hedgehogs and other money managers not wanting to show absence in this roaring bull.
Most indicators are mid-range, while the Baltic Dry Index broke a 4-handle for the first time in awhile. The AAII made a quantum shift to dead even Bulls/Bears.
Here are the numbers:| MktSentiment | Last Week | Prev. Week | 5 Yr Hi | 5 Yr Low |
| DJIA: | 10270 | 10023 | 14093 | 6626 |
| Nasdaq: | 2167 | 2112 | 2126 | 1114 |
| S&P 500: | 1093 | 1069 | 1561 | 683 |
| CBOE Eq. put/call: | 57 | 67 | 96-10/08 | 46-1/03 |
| VIX: | 23.4 | 24.2 | 90 | 8.8 |
| McClellan Osc: | 5 | -13 | 108 | -100 |
| McClellan Sum: | 396 | 363 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 44.4 | 48.3 | 63 | 22.21 |
InvestorsIntel.Bear: | 26.7 | 24.7 | 54.4 | 16 |
AAII Bull: | 33.7 | 22.2 | n/a | n/a |
AAII Bear: | 42.3 | 55.6 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 0.53 | 0.52 | 2.2 | 0.56 |
| Mutual Fund Flows: | -4.7B | |||
| Money Market Flows | -3.68B | -3B | ||
| ETF Flows: Monthly Totals | Sep 580B | Aug 657B | ||
| Baltic Dry Index: | 4111 | 3393 | 11700 | 663 |
Bullish %: | 76 | 73 | 88 | 2 |
| Insider Corporate Sellers: | 23:1 | 14:1 | 108:1 | 2.4:1 |
| VIX Volatility: | -50 | -65 | 12 | -70 |
| VIX 1-month Future: | -45 | -59 | 2 | -59 |
| VIX 5-month Future: | -20 | -23 | 8 | -23 |
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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