Monday, May 9, 2011

LACK OF INTELLIGENCE:

Yet another one bites the dust: Stockcharts.com website has seen fit to charge money for their weekly Investor's Intelligence Bull/Bear survey - unless found elsewhere, it will be deleted from this report. As I found out several years ago in my research for my CMT designation on Sentiment, the AAII is superior anyway which will remain in the table below.
By far the most extreme Indicator last week, surpassing the high number from the prior week, was the "legal" Insider Sales of officers - zooming from 163 Sellers to 1 Buyer, up to 235! This replaced the old multi-year high of 198:1. Ironically, the last time these numbers were so high was at the BEGINNING of the March '09 rally, and again in July '09 as the rally resumed in earnest.

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1263812810140936626
Nasdaq:2827287328611114
S&P 500:134013631561683
CBOE Eq. put/call: 635896-10/0846-1/03
VIX:18.414.7908.8
McClellan Osc:(13)46108(123)
McClellan Sum:6416721568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
n/an/a6322.21
InvestorsIntel.Bear:
n/an/a54.416
AAII Bull:
35.537.9n/an/a
AAII Bear:
31.930.6n/an/a
US Equity-1 week lagn/a(.7B)
  
Money Market Flows(.4B)16.8B

Baltic Dry Index:1314125411700663
Bullish %:
7882892
Insider Corporate Sellers:235:1163:1235:12.4:1

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


Subscribe in a reader


Share/Save/Bookmark

No comments:

Post a Comment