Although we had the SELL spike a few weeks ago in Sentiment, things have quieted down (scarily - like when the Fed was accused of manipulating the market many months ago in the media -and by me). MMF funds are moving out, but to bonds, not equities! The CBOE put/call ratio and Volume speculation (Nas v. NY) dropped precipitously; as did the VIX - below 14. The 2-year Treas.yield spiked up to .37% (Inflation?), and the CEO Insider selling doubled to 60:1 over buyers. Too good to be true...
| Date> | 3/15/2012 | 3/8/2012 | |
| Indices: | DJIA | 13232 | 12922 |
| NAZ | 3055 | 2988 | |
| SPX | 1404 | 1370 | |
| NASD/NYSE | WklyVolume (Bshs). | 8.4/4.9 | 8.3/3.7 |
| nasd/nyse | Specul.Ratio hi=bullish | 1.71 | 2.24 |
| Sentiment: | put/call-CBOE | 55 | 68 |
| Barron's | VIX>50-alltmlow=8.8 | 14.5 | 17.1 |
| Advance/Dec-NYSE.. | 1777/1395 | 1667/1475 | |
| Weekly Net: | 382 | 192 | |
| Cumulative: | 133797 | 133415 | |
| Weekly | NYSE hi/low | 355/39 | 248/46 |
| New Hi's/Low's | Nasdaq h/l | 330/60 | 177/88 |
| McClellan | Oscillator | -13 | 0 |
| McClellan Sum | .+750/-1000 | 891 | 912 |
| Newsletter | Inv.Intel -Bull:tues | 43.6 | 47.9 |
| Surveys | Bear:-5yrs | 26.6 | 26.6 |
| AAII -Bull :wed. | 45.6 | 42.4 | |
| Bear | 27.2 | 29 | |
| COT:Change w/w | large/small (net)k | (2)/4 | (9)/20 |
| CEOinsider | selling | 60:1 | 34:1 |
| BalticDryIndex | GlobalEcon | 824 | 771 |
| 3-box rev | Bullish%- | 83 | 83 |
| US equity -ICI | Fund Flows | (1.4B) | 1 wk lag |
| MMF flows | Change in $B | (8.2B) | (7.0B) |
| MargDebt- top (300M) | monthly OCT. | ||
| ETF:Eqty/Int'l/Bond | million$$ OCT. | ||
| 2-yr Tsy Yield: Inflation | 0.37% | 0.33% | |
| Euro futures | 1 yr.offset-CommHedg | 5.39 | 5.23 |
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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