As mentioned previously. this book is about a low risk, high return alternative to punitive zero short term rates for prudent investors which look to be with us for an "extended" period.
Bearish sentiment has ameliorated since the recent rally after the 9% downdraft due to the banking crackdown. Outlier extremes include CEO Insider Selling and equity mutual fund outflows increasing. Also, breadth has rebounded nicely with adv/dec. on the NYSE at 5:1 and NY new highs/lows at 342 to 7 last week - and the McClellan Oscillator shot from 1 to over +50, nearing my caution area.
Here are the numbers:
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 10402 | 10099 | 14093 | 6626 |
| Nasdaq: | 2243 | 2183 | 2805 | 1114 |
| S&P 500: | 1109 | 1075 | 1561 | 683 |
| CBOE Eq. put/call: | 64 | 69 | 96-10/08 | 46-1/03 |
| VIX: | 20.0 | 22.7 | 90 | 8.8 |
| McClellan Osc: | 56 | 1 | 108 | -100 |
| McClellan Sum: | 345 | 154 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 35.6 | 34.1 | 63 | 22.21 |
InvestorsIntel.Bear: | 27.8 | 38.9 | 54.4 | 16 |
AAII Bull: | 35.9 | 36.8 | n/a | n/a |
AAII Bear: | 35.2 | 41.9 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 0.50 | 0.40 | 2.2 | 0.56 |
| US Equity-1 week lag | n/a | -5.2B | ||
| Money Market Flows | -37.7B | -6.7B | ||
| ETF equity:Monthly Totals | Dec 777B | Nov 738B | ||
| Baltic Dry Index: | 2704 | 2571 | 11700 | 663 |
Bullish %: | 69 | 64 | 88 | 2 |
| Insider Corporate Sellers: | 35:1 | 11:1 | 108:1 | 2.4:1 |
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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