Monday, February 7, 2011

STEPFORD WIVES' MARKET:

Even with the global turmoil and unemployment numbers, the markets continue their ride upwards - in the face of complacent sentiment and market breadth. Bullish % remains at all time highs (stocks on BUY signals); Corporate Insider selling - now 43:1; and the VIX below 16.

I gave a talk last week on the results of 10-years' Sentiment Indicators in Orinda and will be giving the same talk at GGU on the 15th and 23rd. I'll also explain my in-the-money call strategy for a sideways market (?), found at http://ditmcalls.blogspot.com.

Here are the results from last week:

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1209211823140936626
Nasdaq:2769268628051114
S&P 500:131012761561683
CBOE Eq. put/call: 556096-10/0846-1/03
VIX:15.920.0908.8
McClellan Osc:8(24)108(123)
McClellan Sum:6025401568(1514)
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InvestorsIntel.Bull:
52.755.16322.21
InvestorsIntel.Bear:
22.019.154.416
AAII Bull:
51.542.0n/an/a
AAII Bear:
26.934.3n/an/a
US Equity-1 week lagn/a3.2B
Money Market Flows(21B)(3.8B)

Baltic Dry Index:1064113711700663
Bullish %:
8786882
Insider Corporate Sellers:43:110:1198:12.4:1

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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