Monday, December 26, 2011

SANTA CLAUS RALLY:

This week is traditionally the week for the Santa Claus rally and the Mother of all rallies (in his 40 years) that Tom Demark predicted (offset a couple weeks). Also notable are the technically high probability events ( recently negated by Fed intervention, etc.) are the January Effect of small cap stocks and CEF (closed-end funds), such as munis, that get sold off in December, only to rally in January - something that is observable if not actionable.
Indicators are mean reverted, except for the McClellan Oscillator near its high border of 50, and bull/bear newsletters approaching complacency - so we could have a hiccup on the way higher. With markets barely even from a year ago, and even a decade ago, you might want to check out my other blog: http://ditmcalls.blogspot.com for safer yet much more rewarding strategy, or just an alternative to zero interest rates in CDs, MMFs, etc.
Here are the Indicators for last week:

Date>
12/23/2011 12/16/2011
Indices: DJIA  12294 11866
  NAZ  2618 2555

SPX  1265 1219
NASD/NYSE WklyVolume (Bshs) 3.8/7.7 5.3/9.3
nasd/nyse Specul.Ratio hi=bullish 2.03 1.75
Sentiment: put/call-CBOE  63 80
Barron's VIX>50-alltmlow=8.8 20.7 24.29

Advance/Dec-NYSE 2577/587 813/2348

Weekly Net: 1990 -1535

     Cumulative: 125945 123955
Weekly  NYSE hi/low 293/146 190/168
New Hi's/Low's Nasdaq h/l 111/257 87/292
McClellan  Oscillator 48 -17
McClellan Sum .+750/-1000 134 81
Newsletter Inv.Intel -Bull:tues 48.4 45.3
Surveys Bear:-5yrs 30.5 30.5

AAII  -Bull :wed. 33.7 40.2

Bear  28.2 33.6
COT:Change w/w large/small (net)k 0/12. 17/19.
CEOinsider selling 10:1 19:1
BalticDryIndex GlobalEcon 1888 1889
3-box rev Bullish%-  61 58
US equity -ICI Fund Flows 1 wk lag (4.0B)
MMF flows Change in $B 14.2B .3B
MargDebt- top (300M) monthly OCT.
283B
ETF:Eqty/Int'l/Bond  million$$ OCT.
615/265/174
2-yr Tsy Yield: Inflation 0.29% 0.23%
Euro futures 1 yr.offset 5.06M 5.78M

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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Monday, December 19, 2011

"OFF" DEMARK:

Over the years I've heard Technical Analyst Tom Demark at TSAA meetings, Bloomberg talks (he was on their staff with his Indicator), even had dinner with him - but never quite bought into his math predictions. Two weeks ago , highly touted by Bloomberg's Adam Johnson, as being followed by Soros, SAC's Cohen, et.al., when his bullish prediction lined up with my observations, I forecasted a seasonal rally.
Tom's prediction: 1330-45 on the SPX by the 21st of Dec. did seem pretty outlandish, and now - two days away, with the SPX at 1212, it would take a Xmas miracle to get there, although a yearend rally is likely (The Santa Claus rally is actually between Xmas and New Year's).
Other than the CBOE put/call ratio at 80, no other Indicator is at an extreme, this past low-volume week:

Date>
12/16/2011 12/9/2011
Indices: DJIA  11866 12184
NAZ  2555 2646

SPX  1219 1255
NASD/NYSE WklyVolume (Bshs) 5.3/9.3 4.4/8.3
nasd/nyse Specul.Ratio hi=bullish 1.75 1.89
Sentiment: put/call-CBOE  80 77
Barron's VIX>50-alltmlow=8.8 24.29 26.38

Advance/Dec-NYSE 813/2348 1876/1269

Weekly Net: -1535 607

     Cumulative: 123955 125490
Weekly  NYSE hi/low 190/168 239/44
New Hi's/Low's Nasdaq h/l 87/292 110/147
McClellan  Oscillator -17 16
McClellan Sum .+750/-1000 81 237
Newsletter Inv.Intel -Bull:tues 45.3 47.4
Surveys Bear:-5yrs 30.5 29.5

AAII  -Bull :wed. 40.2 38.6

Bear  33.6 34.8
COT:Change w/w large/small (net)k 17/19. 11/34.
CEOinsider selling 19:1 40:1
BalticDryIndex GlobalEcon 1889 1882
3-box rev Bullish%-  58 61
US equity -ICI Fund Flows 1 wk lag 1 wk lag
MMF flows Change in $B .3B 25.3B
MargDebt- top (300M) monthly OCT. 283B
ETF:Eqty/Int'l/Bond  million$$ OCT. 615/265/174
2-yr Tsy Yield: Inflation 0.23% 0.23%
Euro futures 1 yr.offset 5.78M

CommHedg


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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Monday, December 12, 2011

OVERFISHING:

Days like today (down 240 points on the DJIA) only further the idea that the sharks (HFTs, Institutional Traders, et.al) are driving the small fish out of the water -only to fight among themselves. In the matrix below we see that equity mutual fund outflows have steadily occurred since April 22 without exception, and money market inflows are again happening -after the scare about dangerous European securities being invested in.

The new format below, not as eye-appealing, but with more data, now shows NASD to NYSE Volume and ratio (NASD being speculative); also shown is the weekly Adv./Dec. on the NYSE with my cumulative totals.The only real negatives this week were the AAII bull/bear reverted to more Bulls, and CEO Insider Selling leaped to 40:1. Finally, the ETF equity funds increased 20% month over month, to $615M.

Date>
12/2/2011 12/9/2011
Indices: DJIA  12019 12184
  NAZ  2626 2646

SPX  1244 1255
NASD/NYSE WklyVolume (Bshs) 5.3/9.1 4.4/8.3
nasd/nyse Specul.Ratio hi=bullish 1.72 1.89
Sentiment: put/call-CBOE  61 77
Barron's VIX>50-alltmlow=8.8 27.5 26.38

Advance/Dec-NYSE 2698/479 1876/1269

Weekly Net: 2219 607

     Cumulative: 124883 125490
Weekly  NYSE hi/low 258/120 239/44
New Hi's/Low's Nasdaq h/l 95/229 110/147
McClellan  Oscillator -2 16
McClellan Sum .+750/-1000 176 237
Newsletter Inv.Intel -Bull:tues 44.2 47.4
Surveys Bear:-5yrs 30.5 29.5

AAII  -Bull :wed. 33 38.6

Bear  39.4 34.8
COT:Change w/w large/small (net)k …4/12 11/34.
CEOinsider selling 11:1 40:1
BalticDryIndex GlobalEcon 1862 1882
3-box rev Bullish%-  58 61
US equity -ICI Fund Flows (6.7B) 1 wk lag
MMF flows Change in $B 6.1B 25.3B
MargDebt-mkt down 22% 1 year after top (300M) monthly OCT. 283B
ETF:Eqty/Int'l/Bond  million$$ OCT. 615/265/174
2-yr Tsy Yield: Inflation
0.26% 0.23%

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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Monday, December 5, 2011

RALLYTIME?:

Last week's pre-Xmas gift in the markets sent most Indicators into the median area; however, the AAII bull/bear ratio (one of the better Indicators) is still inverted for a seasonal upswing.
Monthly ETF flows show a big swing into Equities -
Here are the numbers:

Date>

11/25/2011 12/2/2011
Indices: DJIA 
11231 12019
  NAZ 
2441 2626

SPX 
1158 1244
NASD/NYSE WklyVolume (Bshs) 3.1/6.3 5.3/9.1
nasd/nyse Specul.Ratio hi=bullish 2.03 1.72
Sentiment: put/call-CBOE  69 61
Barron's VIX>50-alltmlow=8.8 34.47 27.5

Advance/Dec-NYSE na 2698/479

Weekly Net: " 2219

     Cumulative: " 124883
Weekly  NYSE hi/low " 258/120
New Hi's/Low's Nasdaq h/l " 95/229
McClellan  Oscillator -98 -2
McClellan Sum .+750/-1000 296 176
Newsletter Inv.Intel -Bull:tues 47.4 44.2
Surveys Bear:-5yrs 32.6 30.5

AAII  -Bull :wed. 32.7 33

Bear 
38.3 39.4
COT:Change w/w large/small (net)k na …4/12
CEOinsider selling
7:1 11:1
BalticDryIndex GlobalEcon 1854 1862
3-box rev Bullish%-  50 58
US equity -ICI Fund Flows (.1B) 1 wk lag
MMF flows Change in $B 1B 6.1B
MargDebt-mkt down 22% 1 year after top (300M) monthly Sept:
283B
ETF:Eqty/Int'l/Bond  million$$ Sept:
615/265/174
2-yr Tsy Yield: Inflation 0.28% 0.26%

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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Monday, November 28, 2011

NEW & DEPROVED SENTIMENT TABLE:

Still working on the matrix transfer, but the data is updated. 
One of my DITM blog readers kindly shared a DITM-style website, for those interested:
tknight@fullyinformed.com
Additionally, the Gabelli ETF - GDV- also does a nice job, with a 3+% mgmt fee. I also listed 2 trades I did today, ex-dividend tomorrow.
Sentiment Indicators pretty much backed off, despite the ugly Thanksgiving week; except for the reliable McClellan Oscillator at negatve 98 - a huge BUY signal that proved true today. Although the Inv.Intell. numbers seem stale (from the week before), the AAII inverted, with more Bears again; and the Insider Selling dropped precipitously last week.



MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1123111796140936626
Nasdaq:2441257228611114
S&P 500:115812151561683
CBOE Eq. put/call: 698096-10/0846-1/03
VIX:34.4732.0908.8
McClellan Osc:(98)(40)108(123)
McClellan Sum:2966501568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
47.447.46322.21
InvestorsIntel.Bear:
32.632.6?54.416
AAII Bull:
32.741.9n/an/a
AAII Bear:
38.331.00n/an/a
US Equity-1 week lagn/a(.1B)
Money Market Flows1B6.4B


Baltic Dry Index:1854184611700663
Bullish %:
5065892
Insider Corporate Sellers:7:130:1235:12.4:1

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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Monday, November 21, 2011

INTRADE WE TRUST:

The great Irish betting website -Intrade.com has the odds of the Stupercommittee doing its job at 8% today.
As you can see below, Google's googling of my Indicator matrix has created some problems, resulting in my printing the Excel sheet itself, with a couple more stats.



MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1179612153140936626
Nasdaq:2572267828611114
S&P 500:121512631561683
CBOE Eq. put/call: 807396-10/0846-1/03
VIX:32.030.0908.8
McClellan Osc:(40)38108(123)
McClellan Sum:6507471568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
47.444.26322.21
InvestorsIntel.Bear:
32.634.754.416
AAII Bull:
41.944.7n/an/a
AAII Bear:
31.024.6n/an/a
US Equity-1 week lagn/a(3.7B)


Money Market Flows6.4B16B

Baltic Dry Index:1840181711700663
Bullish %:
6572892
Insider Corporate Sellers:30:134:1235:12.4:1

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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Monday, November 14, 2011

NOW WE'RE GETTING NOWHERE:

The closing price of the S&P 500 on Dec.31 of 2010 was 1,257 - as of this morning, the SPX is again: 1,257, despite a volatile year. Something like 88 trading days have seen triple-digit swings YTD. Dividends anyone?
The last time the AAII Bull/Bear ratio was spread this wide (the Bears 20 points below the Bulls) was July 15 week. A week later the DJIA dropped 2,000 points. Two other favorite indicators of mine - the McClellan Oscillator and CBOE Equity put/call ratio - are also getting toppy; as is the Bullish %.
Tom McClellan has kindly offered to share with us (in the upcoming TSAA Review)  the correlation he showed on Bloomberg last week of the Euro$ Commitment of Traders vs. the SPX - offset 1 full year. His prediction is a bar bell UP for the first and last part of 2012 and sideways during the summer months.
Here  are the Sentiment numbers:


























































































Date>

10/28/2011 11/4/2011 11/11/2011 7Yr.HI LOW
Indices: DJIA 
12234 11983 12153 14093 6626
  NAZ 
2737 2686 2678 2861 1114

SPX 
1285 1253 1263 1561 683
NASD/NYSE WklyVolume (Bshs) 5.5/10.4 5.3/10.0 4.4/9.2  
nasd/nyse Specul.Ratio hi=bullish 1.89 1.89 2.09 2.3 1.59
Sentiment: put/call-CBOE  59 76 73 104.11/08 42
Barron's VIX>50-alltmlow=8.8 24.5 30.1 30 90 8.8

Advance/Dec-NYSE 2679/492 1023/2119 1558/1592  

Weekly Net: 2187 -1096 -34


     Cumulative: 125585 124489 124455 127929 71464
Weekly  NYSE hi/low 229/38 113/57 154/73 950 18
New Hi's/Low's Nasdaq h/l
153/98 87/139 89/159

McClellan  Oscillator
77 22 38 108-1/09 -100 -10/08
McClellan Sum .+750/-1000
546 653 747 1568-6/03 -1514
Newsletter Inv.Intel -Bull:tues 40 43.2 44.2 62.9-12/04 22.2-10/08
Surveys Bear:-5yrs
37.9 36.8 34.7 54.4-10/08 15.6

AAII  -Bull :wed. 43 40.2 44.7 (12/10)63.3  

Bear 
25 29.6 24.6 70.3(3/09) 16.4
COT:Change w/w large/small (net)k 12/(10) 3/15. n/aHoliday  
CEOinsider selling
29:1 35:1 34:1 235:1 .2.1
BalticDryIndex GlobalEcon 2153 1817 1840 11700 663
3-box rev Bullish%- 
77 74 72 88 2







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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Monday, November 7, 2011

HALLOWE'EN "FREQ" SHOW:

High Frequency Traders (HFTs) have caused the highest correlation among stocks and sectors in decades, negating much of both Fundamental and Technical Analysis. This was shown in the October rally where shorts were dashing to cover everything pinned on the edgy European situation.  Sentiment still has predictive value, especially my favorite ones: McClellan Oscillator, Bullish %, and CBOE put/call ratio - all divining the rally.
This week extremes include the put/call ratio , high, at 76 (Bullish), but the Bullish % and Insider Selling also high (Bearish). Here are the numbers:

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1198312234140936626
Nasdaq:2686273728611114
S&P 500:125312851561683
CBOE Eq. put/call: 765996-10/0846-1/03
VIX:30.124.5908.8
McClellan Osc:2277108(123)
McClellan Sum:6535461568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
43.240.06322.21
InvestorsIntel.Bear:
36.837.954.416
AAII Bull:
40.243.0n/an/a
AAII Bear:
29.625.0n/an/a
US Equity-1 week lagn/a(3.2B)
Money Market Flows(12B)(0)

Baltic Dry Index:1817215311700663
Bullish %:
7477892
Insider Corporate Sellers:35:129:1235:12.4:1

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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Monday, October 31, 2011

UNDER THE COUNTER; "BEAR"-LY BELOW:

According to my records of weekly closes, the Nasdaq is only 4.3% below its all-time highs of the last decade; the SPX down 17.7% and the DJIA 13.2%. Whether the NAZ can make new highs depends on the usual year-end rally and the upcoming Bullish 6-months cycle (Nov. to Apr.). The Election year of a Presidential (4-year Kinchen) cycle is usually slightly up. Beyond that, Martin Pring's Lost Decade is still the dominant cycle, echoing Japan's previous markets.

Here are the numbers:


MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1223411808140936626
Nasdaq:2737263728611114
S&P 500:128512381561683
CBOE Eq. put/call: 596496-10/0846-1/03
VIX:24.531.3908.8
McClellan Osc:7769108(123)
McClellan Sum:5461731568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
40.035.86322.21
InvestorsIntel.Bear:
37.941.054.416
AAII Bull:
43.036.0n/an/a
AAII Bear:
25.034.6n/an/a
US Equity-1 week lagn/a(3.5B)
Money Market Flows0(2B)

Baltic Dry Index:2153216111700663
Bullish %:
7763892
Insider Corporate Sellers:29:160:1235:12.4:1

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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Monday, October 24, 2011

TWIST AND SHOUT! :

While the Fed does the Twist with Zero interest rates impoverishing prudent investors while banks prosper, Occupy Wall St. shouts displeasure (37% of those polled agree with them). Uncle Ben predicted that the QEs would raise the stock market, but failed to mention the prices of oil, food, etc. that the average citizen had to buy, while receiving negative interest after Inflation (2 1/2%), taxes (going up soon), and a weakening $.
The year-end rally has begun, according to various cycles, but could become sticky around the current level (Jan., Mar., and Jun. lows/Support). 
Last week imitated the new PBS TV program Red/Green on my charts - a rarity in Volatility. Disappointing was that the Nasdaq (which indicates Bullish speculation) did not rise along with the DJ and SPX. Its New Highs/Lows also remain negative as well.
Although the McClellan Summation made its first positive reading since last July ( positive breakthrough), the Oscillator remains overbought at +69. Another interesting number is the Insider Selling of Key Officers - it has jumped from a record low of 3:1, two weeks ago, through 30:1 to 60:1. Early Christmas shopping?
AND NOW FOR A COMMERCIAL:
Readers who follow my 3-year testing of my Optimal DITM covered call strategy on http://ditmcalls.blogspot.com are advised that after 25 years of managing substantial family money (3 with DITM), I have decided to take on a few clients (under the SEC minimum), since although DITM seems like a simple strategy, people have asked me at various lectures and booksignings to manage it for them. More details are available at the blog or brentleonard59@gmail.com if interested.
Here are the numbers from last week:


MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1180811644140936626
Nasdaq:2637266728611114
S&P 500:123812241561683
CBOE Eq. put/call: 646696-10/0846-1/03
VIX:31.328908.8
McClellan Osc:6980108(123)
McClellan Sum:173(74)1568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
35.834.46322.21
InvestorsIntel.Bear:
41.046.354.416
AAII Bull:
36.039.8n/an/a
AAII Bear:
34.636.4n/an/a
US Equity-1 week lagn/a(5.9B)
Money Market Flows(2B)5B

Baltic Dry Index:2161215511700663
Bullish %:
6355892
Insider Corporate Sellers:60:130:1235:12.4:1

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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Monday, October 17, 2011

PRICE-LESS:

Of my two trips to wonderful downtown Sunnyvale last week, the one Saturday to hear Price Headley talk for 5 hours on Technical Analysis and Metastock indicators - I believe Price used to work for Bernie Schaeffer, the Sentiment guru, before becoming one of the rising stars in market analysis- was by far the most worthwhile.
The Thursday event with Stan Ehrlich, despite his years of experience and accomplishments, was a non-event. I would recommend the reader to check out BigTrends.com for Price's information. At the beginning of the talk he polled the audience of @ 100 how it viewed the 1-month, 6-month and 1-year time frames. At the break, the results were revealed to be most Bullish for all three -with predictions of 1249, 1441, and 1550 on the S&P 500, respectively - I, contrarily, was not among the last two, sharing Martin Pring's Lost Decade scenario for a few more years - hence my DITM strategy (see ditmcalls.blogspot.com if unfamiliar).
Speaking of Sentiment, I was surprised Sunday night to see the futures quite positive for Monday's opening, but overnight they slipped into strong negative territory - no doubt due (not) to European uncertainty by the media. The signal I saw for a short term overbought condition was a plus 80 on the McClellan Oscillator - a very reliable Indicator.
Especially after such a strong runup last week. Volume was quite weak on the upturn, and several Bullish Indicators regressed to the mean last week.In fact the Inv.Intell. ratio showed more Bulls than Bears for the first time in over a month. The Bullish % of stocks on a Buy signal leapt from 29 to 55 on the Pt.& Fig. chart, and Insider Selling also jumped from a super low 3:1 to 30:1
Here are the numbers:

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1164411103140936626
Nasdaq:2667247928611114
S&P 500:122411551561683
CBOE Eq. put/call: 667496-10/0846-1/03
VIX:2836908.8
McClellan Osc:809108(123)
McClellan Sum:(74)(386)1568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
34.434.46322.21
InvestorsIntel.Bear:
46.35.245.254.416
AAII Bull:
39.835.2n/an/a
AAII Bear:
36.445.7n/an/a
US Equity-1 week lagn/a(4.2B)
Money Market Flows(3B)5B

Baltic Dry Index:2155200011700663
Bullish %:
5529892
Insider Corporate Sellers:30:13:1235:12.4:1

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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Monday, October 10, 2011

IT NEVER RAINS IN SOUTHERN CALIFORNIA - IT POURS !:

Back from vacation, where the weather was as volatile as the stock market, I was happy to see little damage to my DITM covered call strategy, made whole by today's rally. Although the VIX came off the 4 handle down to 36, the CBOE equity put/call ratio zoomed up to 74 - good for the market (as we saw today). NYSE new highs to lows were an incredible 33 to 1,296; 23/947 on the OTC. Both newsletter surveys - Inv.Intell. and AAII remained inverted, with more Bears. Insider selling to buying was a lowly 3:1 ratio. Money actually went into MMFs for the first time in a month; monthly data on ETFs showed money coming out of equity and international funds -level in bonds. The 2010 support level on the SPX (S&P500) held at 1100 -now trying to break resistance at 1200.


MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1110310913140936626
Nasdaq:2479241528611114
S&P 500:115511311561683
CBOE Eq. put/call: 747296-10/0846-1/03
VIX:3643908.8
McClellan Osc:9na108(123)
McClellan Sum:(386)(na)1568(1514)
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InvestorsIntel.Bull:
34.437.66322.21
InvestorsIntel.Bear:
45.240.954.416
AAII Bull:
35.232.5n/an/a
AAII Bear:
45.746.8n/an/a
US Equity-1 week lagn/a(5.7B)
Money Market Flows5.0B(1.7B)

Baltic Dry Index:2000na11700663
Bullish %:
2922892
Insider Corporate Sellers:3:1na235:12.4:1

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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