Tuesday, May 29, 2012


From May to November - the historical 6-month bi-cycle is skewed heavily in favor of the November to May cycle (thanks mostly to Sept. & Oct.), so the current one can get choppy at best.
The extreme sentiment readings of the previous week finally paid off today, with the DJIA up  150 - hopefully a 1st-of-the-month rally will ensue and wipe out May's losses.
 Weekly net Advance/Declines swung from minus 2609 to a plus 1805 this week; the CBOE put/call ratio dropped from a Bullish (On the market) 89 to 66. The oversold McClellan Oscillator went from a record minus 110 to minus 6, yet AAII Bull/Bear ratio remains inverted, and Insider Selling has dried up for now.
For more explanation of the Indicators below, please see my upcoming Examiner.com column today:

I have also used the column to make readers aware of  the June investor meetings - technical, options, and beginning investors. You can get these and 1 or 2 weekly columns by clicking on "SUBSCRIBE".

Here are the numbers:

5/25/2012 5/18/2012
Indices: DJIA  12454 12369
  NAZ  2837 2778

SPX  1317 1295
NASD/NYSE WklyVolume (Bshs). 8.6/3.9 10.1/4.7
nasd/nyse Specul.Ratio hi=bullish 2.21 2.15
Sentiment: put/call-CBOE  66 89
Barron's VIX>50-alltmlow=8.8 21.8 25.1

Advance/Dec-NYSE.. 2495/690 297/2906

Weekly Net: 1805 -2609

     Cumulative: 131099 129294
Weekly  NYSE hi/low 73/175 90/259
New Hi's/Low's Nasdaq h/l 75/257 92/330
McClellan  Oscillator -6 -110
McClellan Sum .+750/-1000 -470 -323
Newsletter Inv.Intel -Bull:tues 38.3 39.4
Surveys Bear:-5yrs 26.6 22.3

AAII  -Bull :wed. 30.5 23.6

Bear  38.7 46
COT:Change w/w large/small (net)k 1/(23) 3/(15)
CEOinsider selling 7:1 13:1
BalticDryIndex GlobalEcon 1141 1138
3-box rev Bullish%-  52 52
US equity -ICI Fund Flows 1 wk lag (3.4B)
MMF flows Change in $B 1.3B (5.4B)
MargDebt- top (300M) monthly  299B
ETF:Eqty/Int'l/Bond  million$$ . 697/281/209
2-yr Tsy Yield: Inflation 0.30% 0.31%
Euro futures 1 yr.offset-CommHedg 5.42 5.47


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


No comments:

Post a Comment