JUNE SWOON

Reporting extreme Sentiment Indicators is getting to seem like a fool's errand, when "fighting the Fed" - which has moved from a referee to a player on the field- causing 6 straight monthly gains in the stock market sans corrections. In fact, per my favorite mag- Barron's- 17 of the past 20 months have been up, despite economic and political conditions. Possibly now the market may get some selling, although according to the model for strong UP January years, it shouldn't occur before August - then the Terrible Twos of Sept.Oct. kick in.

The McClellan Oscillator ended the week at a minus 81 - a huge BUY signal in my work. For more on the table below, please see:

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

 

Each week this column serves to announce local Bay Area investment meetings, mostly Technical and Options-related for the weeks ahead; it also attempts to highlight Contrary Behavior Indicators (as opposed to making market predictions) by concentrating various comments and data in one place. 

 The reader can SUBSCRIBE to this column (above) for regular weekly updates and click on BLUE title. 

 

Date>		5/31/2013	5/24/2013
Indices:	DJIA	15115	15303
	NAZ	3455	3459
	SPX	1630	1649
WklyVolume (Bshs).
NASD/NYSE		7.1/3.3	8.9/3.6
Specul.Ratio hi=bullish		2.15	2.47
nasd/nyse
Sentiment:	put/call-CBOE	59	62
VIX>50-alltmlow=8.8		16.3	14.0
Advance/Dec-NYSE..		896/2277	1089/2077
Weekly Net:		-1381	-988
Cumulative:		151883	153264
Weekly	NYSE hi/low	408/224	851/81
New Hi's/Low's	Nasdaq h/l	398/58	519/59
McClellan	Oscillator	-81	-41
McClellanSum	.+750/-1000	893	1117
Newsletter	Inv.Intel -Bull:tues	52.1	55.2
Surveys	Bear:-5yrs	19.8	18.8
	AAII  -Bull :wed.	36	49
	Bear	29.6	21.6
COT:Change w/w	large/small (net)k	1/24	3/20
CEOinsider	selling	34:1	50:1
3-box rev	Bullish%-	88	89
US equity -ICI	Fund Flows	1weeklag	(.5B)
MMF flows	Change in $B	12.2B	19.5B
MargDebt- top (300M)	monthly		384nh
ETF:Eqty/	Int'l/Bond		854/355/258
Assets in	Billion$$ .
2-yr Tsy Yield: Inflation		0.30%	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

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JUNE SWOON