Tuesday, December 28, 2010


After a positive week heading into the Christmas holiday, not much changed with the exception of these extremes: The AAII ratio of Bulls to Bears jumped mightily with Bulls advancing from 50 to a heady 63%, and the Bears all the way down to 16 from 27%. The other extreme remains the Bullish per cent at a near record 84% of stocks on a BUY signal. Money continues to flow from domestic stock funds, but also MMFs. Possibly buying gold or ETFs. Insider selling jumped higher week over week, even with the 2-year tax cut extension.

This week is the actual Santa Claus rally time, so we shall see if it holds true, with a weak start.

Here are the numbers:

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
S&P 500:125612431561683
CBOE Eq. put/call: 535096-10/0846-1/03
McClellan Osc:151108(123)
McClellan Sum:4634111568(1514)
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AAII Bull:
AAII Bear:
US Equity-1 week lagn/a(2.4B)
Money Market Flows(9.3B)(33.2B)

Baltic Dry Index:1999200011700663
Bullish %:
Insider Corporate Sellers:28:119:1108:12.4:1

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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