MARCH MADNESS

Friday was the first down Friday of 2013 - according to Jeff Hirsch ( of the legendary Stock Traders' Almanac) markets tend to sell off after St. Patty's Day, especially when they fall on  a Sunday. Part of the rationale is that people are amassing money to pay their Income Tax next month; we saw in the previous week a huge selling of MMFunds, but last week it again reversed to adding $5B to money markets.
CEO Insider Selling was over $1M last week, reaching 44:1 over Buyers.

Here are the numbers - more commentary on them can be found at my Examiner.com column:
http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

 

Date>		3/15/2013	3/8/2013
Indices:	DJIA	14514	14397
	NAZ	3249	3244
	SPX	1560	1551
WklyVolume (Bshs).
NASD/NYSE		8.7/4.3	8.6/3.5
Specul.Ratio hi=bullish		2.02	2.46
nasd/nyse
Sentiment:	put/call-CBOE	61	61
VIX>50-alltmlow=8.8		11.3	12.6
Advance/Dec-NYSE..		1750/1430	2356/839
Weekly Net:		320	1517
Cumulative:		149342	149022
Weekly	NYSE hi/low	718/93	734/100
New Hi's/Low's	Nasdaq h/l	484/52	476/80
McClellan	Oscillator	6	27
McClellanSum	.+750/-1000	1009	951
Newsletter	Inv.Intel -Bull:tues	50	44.2
Surveys	Bear:-5yrs	18.8	21.1
	AAII  -Bull :wed.	45.4	31.1
	Bear	32	38.5
COT:Change w/w	large/small (net)k	19/(5)	17/4
CEOinsider	selling	44:1	51:1
3-box rev	Bullish%-	84	82
US equity -ICI	Fund Flows	1weeklag	(.6B)
MMF flows	Change in $B	5.3B	(16.7B)
MargDebt- top (300M)	monthly		364B
ETF:Eqty/	Int'l/Bond		810/352/243
Assets in	Billion$$ .
2-yr Tsy Yield: Inflation		0.26%	0.26%

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

MARCH MADNESS