OVERFISHING:

Days like today (down 240 points on the DJIA) only further the idea that the sharks (HFTs, Institutional Traders, et.al) are driving the small fish out of the water -only to fight among themselves. In the matrix below we see that equity mutual fund outflows have steadily occurred since April 22 without exception, and money market inflows are again happening -after the scare about dangerous European securities being invested in.

The new format below, not as eye-appealing, but with more data, now shows NASD to NYSE Volume and ratio (NASD being speculative); also shown is the weekly Adv./Dec. on the NYSE with my cumulative totals.The only real negatives this week were the AAII bull/bear reverted to more Bulls, and CEO Insider Selling leaped to 40:1. Finally, the ETF equity funds increased 20% month over month, to $615M.

Date>		12/2/2011	12/9/2011
Indices:	DJIA	12019	12184
	NAZ	2626	2646
	SPX	1244	1255
NASD/NYSE	WklyVolume (Bshs)	5.3/9.1	4.4/8.3
nasd/nyse	Specul.Ratio hi=bullish	1.72	1.89
Sentiment:	put/call-CBOE	61	77
Barron's	VIX>50-alltmlow=8.8	27.5	26.38
	Advance/Dec-NYSE	2698/479	1876/1269
	Weekly Net:	2219	607
	Cumulative:	124883	125490
Weekly	NYSE hi/low	258/120	239/44
New Hi's/Low's	Nasdaq h/l	95/229	110/147
McClellan	Oscillator	-2	16
McClellan Sum	.+750/-1000	176	237
Newsletter	Inv.Intel -Bull:tues	44.2	47.4
Surveys	Bear:-5yrs	30.5	29.5
	AAII  -Bull :wed.	33	38.6
	Bear	39.4	34.8
COT:Change w/w	large/small (net)k	…4/12	11/34.
CEOinsider	selling	11:1	40:1
BalticDryIndex	GlobalEcon	1862	1882
3-box rev	Bullish%-	58	61
US equity -ICI	Fund Flows	(6.7B)	1 wk lag
MMF flows	Change in $B	6.1B	25.3B
MargDebt-mkt down 22% 1 year after top (300M)	monthly OCT.	283B
ETF:Eqty/Int'l/Bond	million$$ OCT.	615/265/174
2-yr Tsy Yield: Inflation		0.26%	0.23%

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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OVERFISHING: