TV News anchors usually start their broadcasts with "Good Evening" and then tell you why it isn't! Negativity abounds all over the globe and the market is reflecting it. Having been in a Bull rally (higher highs and lows) since June 4 - hard to believe- it finally broke the uptrend channel on July 12, then again today, creating what Technicians call Fan Waves.
As seen below we again have a mixed picture: the NYSE to NAZ Volume is getting speculative (toppy), while breadth is surging - my cumulative A/D and New Highs are powerful breadth numbers.
However, Put/call ratios are still high, and the AAII Bulls dropped greatly - to 22 (both Bullish FOR the market).
For those interested, both links below are also updated today:
|
|
|
|
Note the TSAA monthly meeting this week:
|
|
|
|
|
|
|
|
| Date> |
| 7/20/2012 | 7/13/2012 |
| Indices: | DJIA | 12822 | 12777 |
| NAZ | 2925 | 2908 |
| SPX | 1362 | 1356 |
| NASD/NYSE | WklyVolume (Bshs). | 8.4/3.8 | 7.7/3.6 |
| nasd/nyse | Specul.Ratio hi=bullish | 2.21 | 2.14 |
| Sentiment: | put/call-CBOE | 69 | 72 |
| Barron's | VIX>50-alltmlow=8.8 | 16.3 | 16.7 |
| Advance/Dec-NYSE.. | 1679/1470 | 1619/1541 |
| Weekly Net: | 209 | 78 |
| Cumulative: | 137219 | 137010 |
| Weekly | NYSE hi/low | 520/102 | 485/93 |
| New Hi's/Low's | Nasdaq h/l | 242/164 | 235/140 |
| McClellan | Oscillator | 1 | 21 |
| McClellan Sum | .+750/-1000 | 668 | 579 |
| Newsletter | Inv.Intel -Bull:tues | 43.6 | 44.7 |
| Surveys | Bear:-5yrs | 24.5 | 24.5 |
| AAII -Bull :wed. | 22.2 | 30.2 |
| Bear | 41.8 | 34.7 |
| COT:Change w/w | large/small (net)k | 3/(12) | 0/(11) |
| CEOinsider | selling | 17:1 | 32:1 |
| BalticDryIndex | GlobalEcon |
|
|
| 3-box rev | Bullish%- | 61 | 57 |
| US equity -ICI | Fund Flows | 1 wk lag | (1.5B) |
| MMF flows | Change in $B | (12.2B) | 18.6B |
| MargDebt- top (300M) | monthly |
|
|
| ETF:Eqty/Int'l/Bond | million$$ . |
|
|
| 2-yr Tsy Yield: Inflation | 0.21% | 0.25% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
BAD NEWS:
No comments:
Post a Comment