Monday, May 20, 2013

FLAT EARTH SOCIETY

Never in recent history has there been such a unanimous consensus that the stock market MUST move higher,  juxtaposed with extreme levels of Sentiment Indicators. Please see the Examiner.com column for more details:
http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

Here are last week's numbers:

 
Date>
5/17/2013 5/10/2013
Indices: DJIA  15354 15118
  NAZ  3498 3436

SPX  1667 1633
WklyVolume (Bshs).

NASD/NYSE   9.0/3.6 8.4/3.3
Specul.Ratio hi=bullish 2.50 2.55
nasd/nyse


Sentiment: put/call-CBOE  53 60
VIX>50-alltmlow=8.8 12.5 12.6
Advance/Dec-NYSE.. 1865/1332 2237/941
Weekly Net:
533 1296
     Cumulative: 154252 153719
Weekly  NYSE hi/low 914/74 925/49
New Hi's/Low's Nasdaq h/l 582/63 504/71
McClellan  Oscillator 16 20
McClellanSum .+750/-1000 1192 1100
Newsletter Inv.Intel -Bull:tues 54.2 52.1
Surveys Bear:-5yrs 19.8 19.8

AAII  -Bull :wed. 38.5 40.7

Bear  29.3 27.4
COT:Change w/w large/small (net)k 5/17 3/22
CEOinsider selling 57:1 110:1
3-box rev Bullish%-  89nh 86
US equity -ICI Fund Flows 1weeklag .4B
MMF flows Change in $B (1B) 19.5B
MargDebt- top (300M) monthly 

ETF:Eqty/ Int'l/Bond

Assets in  Billion$$ .

2-yr Tsy Yield: Inflation 0.25% 0.23%

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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