Friday, June 11, 2010

EARLY EDITION:

Due to graduation plans this weekly report comes early this week. Despite volatile swings within a bounded Trading Range - like a puppy dog with a rag doll - most indicators were centered. Insider Selling by CEOs, et.al. rose slightly, especially in the Financial sector; the Bullish % of stocks on a BUY signal fell with a 6% (3 two-point boxes on Pt.& Fig. S&P 500 chart) decline, but a false signal due to volatility.

Both the midweek AAII Bears and the Nova/Ursa from Rydex funds increased slightly, which should be Bullish.

Here are the numbers:

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:102119931140936626
Nasdaq:2243221928051114
S&P 500:109110641561683
CBOE Eq. put/call: 666096-10/0846-1/03
VIX:30.635.5908.8
McClellan Osc:20-30108-123
McClellan Sum:-383-3071568-1514
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InvestorsIntel.Bull:
38.539.86322.21
InvestorsIntel.Bear:
31.928.454.416
AAII Bull:
34.537.1n/an/a
AAII Bear:
43.140.8n/an/a
Nova/Ursa Mutual Funds:0.851.142.20.56
US Equity-1 week lagn/a-1.1B

Money Market Flows.7B-9.6B

ETF equity:Monthly TotalsApr.831BMar.805B

Baltic Dry Index:3423393311700663
Bullish %:
4548882
Insider Corporate Sellers:17:112:1108:12.4:1

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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