Tuesday, July 5, 2011

WINDOW DRESSING:

Talk about ending a quarter with a bang! After wild swings in Q2, the S&P 500 ended right where it started in April. Responding to the reliable Sentiment Indicators such as the CBOE put /call ratio at 90 a couple of weeks ago, and an inverted AAII Bull/Bear ratio, the market roared back almost to the high seen early May. Also alerting investors: the McClellan Oscillator at -68 and its concomitant Summation in a rare negative area. Money has been flowing out of Zero MMFs, but not into equity funds.
Currently we see signs of overbought short term, with the McClellan Oscillator at plus 90! The  VIX is below 16 again , and the Bulls are starting to get complacent.

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1258211934140936626
Nasdaq:2816265228611114
S&P 500:133912681561683
CBOE Eq. put/call: 576196-10/0846-1/03
VIX:15.921.19908.8
McClellan Osc:90(9)108(123)
McClellan Sum:248(11)1568(1514)
           Newsletter Surveys



InvestorsIntel.Bull:
39.837.66322.21
InvestorsIntel.Bear:
26.92854.416
AAII Bull:
38.337.5n/an/a
AAII Bear:
30.235.7n/an/a
US Equity-1 week lagn/a(4.3B)
  
Money Market Flows(16.9B)(8.1B)

Baltic Dry Index:1420140911700663
Bullish %:
6860892
Insider Corporate Sellers:13:118:1235:12.4:1

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