The CBOE put/call ratio is still high, coming off a very high number, but the VIX doesn't echo fear. Inverted Bull/Bear sentiment has again righted itself, after calling a minor bottom. Money is flowing out of equity funds, but also out of MMFs.
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 11934 | 12004 | 14093 | 6626 |
| Nasdaq: | 2652 | 2616 | 2861 | 1114 |
| S&P 500: | 1268 | 1271 | 1561 | 683 |
| CBOE Eq. put/call: | 61 | 93 | 96-10/08 | 46-1/03 |
| VIX: | 21.1 | 21.9 | 90 | 8.8 |
| McClellan Osc: | (9) | (31) | 108 | (123) |
| McClellan Sum: | (11) | (41) | 1568 | (1514) |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 37.6 | 37.0 | 63 | 22.21 |
InvestorsIntel.Bear: | 28 | 26 | 54.4 | 16 |
AAII Bull: | 37.5 | 29 | n/a | n/a |
AAII Bear: | 35.7 | 42.8 | n/a | n/a |
| US Equity-1 week lag | n/a | (5.5B) | ||
| Money Market Flows | (8.1B) | (34.4B) | ||
| Baltic Dry Index: | 1409 | 1423 | 11700 | 663 |
Bullish %: | 60 | 60 | 89 | 2 |
| Insider Corporate Sellers: | 18:1 | 62:1 | 235:1 | 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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