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:
| Date> | 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
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