Although we have a holiday here in the U.S., Papa-Demos (Father of the People) must address the concerns of those revolting peasants. I learned many years ago to "Watch what they DO, not what they SAY!" How much an inevitable default is factored into our market is TBD.
Meanwhile, several Sentiment/Breadth Indicators remain near recent highs, just as the markets do: the NASDAQ to NYSE Volume ratio, for one - meaning more speculation. As with most all Indicators, the public is right until the extreme, when it isn't. My cumulative Adv./Decl. number is at a record high, although the McClellan Oscillator is @ zero. The Investment Intelligence Bull/Bear ratio widened more, but still off the record. Bullish per cent, at 84, is almost at the record 88 -stocks on a BUY signal. Over the past month the margin debt has increased 10%, the same % as the decrease in NYSE short interest (covering).
At this weekend's S.F. Option meeting I had a request to resume my e-mail alert to interested persons about my blog - if you'd prefer to be delisted from this "spamming", please let me know - I can take it.
Here are the numbers:
| Date> | 2/17/2012 | 2/10/2012 | ||||||||
| Indices: | DJIA | 12949 | 12801 | |||||||
| NAZ | 2951 | 2903 | ||||||||
| SPX | 1361 | 1342 | ||||||||
| NASD/NYSE | WklyVolume (Bshs). | 9.4/3.9 | 9.3/3.7 | |||||||
| nasd/nyse | Specul.Ratio hi=bullish | 2.41 | 2.51 | |||||||
| Sentiment: | put/call-CBOE | 59 | 60 | |||||||
| Barron's | VIX>50-alltmlow=8.8 | 17.8 | 20.8 | |||||||
| Advance/Dec-NYSE.. | 2185/972 | 1254/1900 | ||||||||
| Weekly Net: | 1213 | -646 | ||||||||
| Cumulative: | 133134 | 131921 | ||||||||
| Weekly | NYSE hi/low | 362/7 | 374/15 | |||||||
| New Hi's/Low's | Nasdaq h/l | 265/44 | 263/35 | |||||||
| McClellan | Oscillator | -3 | -17 | |||||||
| McClellan Sum | .+750/-1000 | 1278 | 1325 | |||||||
| Newsletter | Inv.Intel -Bull:tues | 54.8 | 52.1 | |||||||
| Surveys | Bear:-5yrs | 25.8 | 28.7 | |||||||
| AAII -Bull :wed. | 42.7 | 51.6 | ||||||||
| Bear | 26.6 | 20.2 | ||||||||
| COT:Change w/w | large/small (net)k | (7)/32 | (13)/41 | |||||||
| CEOinsider | selling | 32:1 | 55:1 | |||||||
| BalticDryIndex | GlobalEcon | 723 | 695 | |||||||
| 3-box rev | Bullish%- | 84 | 83 | |||||||
| US equity -ICI | Fund Flows | 1 Wk lag | 1.9B | |||||||
| MMF flows | Change in $B | 2.9B | (.8B) | |||||||
| MargDebt- top (300M) | monthly OCT. | 290B | ||||||||
| ETF:Eqty/Int'l/Bond | million$$ OCT. | |||||||||
| 2-yr Tsy Yield: Inflation | 0.30% | 0.28% | ||||||||
| Euro futures | 1 yr.offset-CommHedg | 5.01......... | 4.97M | |||||||
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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