Monday, March 12, 2012


The quickest way to double your money is
to fold it in half and put it back in your pocket.

Markets are still having trouble getting through resistance: triple zero (the DJIA at 13,000); the S&P 500, 1370 prior top, etc. Technically this works because people who bought there are selling to get even, and technicians are aware of this - so it is self-fulfilling.
 In Wyckoff jargon, the current Trading Range is transfer of shares either from strong hands to weak (for a Distribution) or the opposite (ReAccumulation). Future direction will give the answer.
No new extremes to report, only a Regression from the recent ones - put/calls at 68; Bullish % at 83; CEO selling still high. Here are the numbers:

3/8/2012 3/1/2012
Indices: DJIA  12922 12977..
NAZ  2988 2976

SPX  1370 1369
NASD/NYSE WklyVolume (Bshs). 8.3/3.7 9.3/4.1
nasd/nyse Specul.Ratio hi=bullish 2.24 2.27
Sentiment: put/call-CBOE  68 63
Barron's VIX>50-alltmlow=8.8 17.1 17.3

Advance/Dec-NYSE.. 1667/1475 1401/1759..

Weekly Net: 192 -358

     Cumulative: 133415 133223
Weekly  NYSE hi/low 248/46 383/27
New Hi's/Low's Nasdaq h/l 177/88 236/63
McClellan  Oscillator 0 -37
McClellan Sum .+750/-1000 912 1116
Newsletter Inv.Intel -Bull:tues 47.9 51.1
Surveys Bear:-5yrs 26.6 25.5

AAII  -Bull :wed. 42.4 44.5

Bear  29 26.8
COT:Change w/w large/small (net)k (9)/20 (5)/24
CEOinsider selling 34:1 45:1
BalticDryIndex GlobalEcon 771 763
3-box rev Bullish%-  83 85
US equity -ICI Fund Flows 1 wk lag (3.1B)
MMF flows Change in $B (7.0B) (13.1B)
MargDebt- top (300M) monthly OCT.

ETF:Eqty/Int'l/Bond  million$$ OCT.

2-yr Tsy Yield: Inflation 0.33% 0.28%
Euro futures 1 yr.offset-CommHedg 5.23 5.19

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: 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 Zero (IN)Tolerance

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