Thank Goodness It's Fall!:

Contrarian's Delight - Media hype is that September (and October) are the worst times for stocks. So far...so good. On the worst Volume and smallest indices moves in awhile - Sentiment Indicators were jumping all around last week, as we approached the top of the 1025-1125 S&P500 Trading Range.
Thanks to Labor Day and Rosh Hashana, trading was weak, but mostly positive.
My cumulative A/D went to another new high, as did NYSE new highs - much of which are bond-like securities (Pfds, CEFs, ETFs); but the Nasdaq new hi's/lo's inverted positive.
Newsletter surveys went Bearish FOR the market, especially the AAII ratio.
And CEO Insider Selling quadrupled to 21:1, but exchanges Short Interest shot up @5%.
The BDI, or Baltic Dry Index, a proxy for the global economy, hit a 3-month high, as did the WIP, the World Inflation Index.
Finally, large numbers of $$ flowed out of domestic equity mutual funds and into MMFs.

After next week I shall be vacationing with family in SoCal, so the blog will be temporarily interrupted.
When returning, I have been invited to speak to the Silicon Valley Option Group on Oct.13, at the San Jose Embassy Suites, and also a Marin investor group.
Topic will be my DITM, or Deep-In-The-Money option strategy which has performed very well in this economy - I shall also be starting a new blog citing the actual trading results since its inception in 2009: very close to the historic 100-year stock market average of 10%, when markets are now still at 1998 levels!
Here are a couple of recent results with opening date, Symbol and Total Net Return :
7/14/2010 PFE 19.07%
10/29/09 DD 8.70%
2/26/10 MRK 11.4%

And here are the Sentiment Indicators:

MktSentiment	Last Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	10462	10447	14093	6626
Nasdaq:	2242	2133	2805	1114
S&P 500:	1109	1104	1561	683
CBOE Eq. put/call:	61	58	96-10/08	46-1/03
VIX:	22.0	21.3	90	8.8
McClellan Osc:	43	48	108	(123)
McClellan Sum:	502	376	1568	(1514)
Newsletter Surveys
InvestorsIntel.Bull:	33.3	29.4	63	22.21
InvestorsIntel.Bear:	32.2	37.7	54.4	16
AAII Bull:	43.9	30.8	n/a	n/a
AAII Bear:	31.6	42.2	n/a	n/a
Nova/Ursa Mutual Funds:	n/a	n/a	2.2	0.56
US Equity-1 week lag	n/a	(7.6B)
Money Market Flows	10.6B	(6.2B)
ETF equity:Monthly Totals	n/a	n/a	n/a
Baltic Dry Index:	2995	2835	11700	663
Bullish %:	52	49	88	2
Insider Corporate Sellers:	21:1	5:1	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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Thank Goodness It's Fall!: