REASONS TO BE BULLISH:

The recent uptrend in stocks (except on Mondays) is heartening; Volumes from Nasdaq vs. NYSE hit a record for speculation last week showing Risk On. More on Volume behavior in my Examiner column:
 

http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

Breadth has been strong lately (New highs 10:1 on the NY; Nasdaq turning positive). In the Barron's Option column, Larry McMillan states that the AAII Bull/Bear ratio has only been this positive 4 times over the past 15 years - Oct. '98, March '03, '08, & '09 - all starting new rallies. VIX futures - VXX are also accommodative.  

Here are the numbers:

Date>		8/10/2012	8/3/2012
Indices:	DJIA	13207	13096
	NAZ	3020	2967
	SPX	1405	1390
NASD/NYSE	WklyVolume (Bshs).	8.5/3.1	8.5/4.1
nasd/nyse	Specul.Ratio hi=bullish	2.70	2.07
Sentiment:	put/call-CBOE	61	69
Barron's	VIX>50-alltmlow=8.8	14.7	15.6
	Advance/Dec-NYSE..	2020/1117	1754/1383
	Weekly Net:	903	371
	Cumulative:	139117	138214
Weekly	NYSE hi/low	495/51	517/114
New Hi's/Low's	Nasdaq h/l	208/134	176/201
McClellan	Oscillator	17	4
McClellan Sum	.+750/-1000	601	508
Newsletter	Inv.Intel -Bull:tues	43.6	39.4
Surveys	Bear:-5yrs	25.5	27.7
	AAII  -Bull :wed.	36.5	30.4
	Bear	27.4	34.9
COT:Change w/w	large/small (net)k	6/(5)	2/(3)
CEOinsider	selling	45:1	12:01
BalticDryIndex	GlobalEcon		discont.
3-box rev	Bullish%-	67	68
US equity -ICI	Fund Flows	1 wk lag	(5.7B)
MMF flows	Change in $B	10.9B	(4.0B)
MargDebt- top (300M)	monthly	JUNE: 284 B
ETF:Eqty/Int'l/Bond	million$$ .	JUNE: 686/258/222
2-yr Tsy Yield: Inflation		0.26%	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

REASONS TO BE BULLISH: