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 Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	12234	11808	14093	6626
Nasdaq:	2737	2637	2861	1114
S&P 500:	1285	1238	1561	683
CBOE Eq. put/call:	59	64	96-10/08	46-1/03
VIX:	24.5	31.3	90	8.8
McClellan Osc:	77	69	108	(123)
McClellan Sum:	546	173	1568	(1514)
Newsletter Surveys
InvestorsIntel.Bull:	40.0	35.8	63	22.21
InvestorsIntel.Bear:	37.9	41.0	54.4	16
AAII Bull:	43.0	36.0	n/a	n/a
AAII Bear:	25.0	34.6	n/a	n/a
US Equity-1 week lag	n/a	(3.5B)
Money Market Flows	0	(2B)
Baltic Dry Index:	2153	2161	11700	663
Bullish %:	77	63	89	2
Insider Corporate Sellers:	29:1	60:1	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

Subscribe in a reader

UNDER THE COUNTER; "BEAR"-LY BELOW: