Until then, however, we have to rely on the old stodgy ones - this week saw the near record high Insider Sellers (of 93 to 1) fall back to a still high 28 Sellers to Buyers by CEOs, et.al.; Inv.Intell. Bears was the lowest since the FlashCrash week of May 7. And while my cumulative A/D total is at another record level, it has slowed down - the Bullish % of stocks on a Buy signal is also in dangerously high territory, at 73%. Although the VIX is at its lowest since just before aforementioned FlashCrash (breaking below the 19 level), the CBOE Equity put/call ratio zoomed up to 67 from 52. Mutual funds lost a high number of $$, at $17B (doh).
Since a few people who follow my DITM strategy ( a low-risk covered call plan to replace zero rates), I have started a "sister" blog on which I have not only placed 2009 and 2010 (YTD) favorable results when annualized, but shall continue to update as stocks get called away, or options rolled out. The blog is called: http://ditmcalls.blogspot.com, if you choose to follow it. If the reader wants to be e-mailed on updates, they can request it from my at brentleonard59@gmail.com, since it will be sporadic, not weekly as the Sentiment blog is.
Here are the Sentiment numbers for last week:
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 11132 | 11062 | 14093 | 6626 |
| Nasdaq: | 2479 | 2468 | 2805 | 1114 |
| S&P 500: | 1183 | 1176 | 1561 | 683 |
| CBOE Eq. put/call: | 67 | 52 | 96-10/08 | 46-1/03 |
| VIX: | 18.8 | 19.0 | 90 | 8.8 |
| McClellan Osc: | (1) | (1) | 108 | (123) |
| McClellan Sum: | 923 | 952 | 1568 | (1514) |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 45.1 | 47.2 | 63 | 22.21 |
InvestorsIntel.Bear: | 22.0 | 24.7 | 54.4 | 16 |
AAII Bull: | 49.6 | 47.1 | n/a | n/a |
AAII Bear: | 25.2 | 26.8 | n/a | n/a |
| US Equity-1 week lag | n/a | (.6B) | ||
| Money Market Flows | (17.0B) | (5.8B) | ||
| Baltic Dry Index: | 2720 | 2769 | 11700 | 663 |
Bullish %: | 73 | 71 | 88 | 2 |
| Insider Corporate Sellers: | 28:1 | 93:1 | 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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