To borrow from Harry Domash's comments at the Money Show this past weekend - more on that later in my Examiner.com column:
The cautionary signals recently have finally born fruit of at least a correction, with Technical (seasonal) and Fundamental (economic, political) headwinds in view. Insider selling has backed off this past week, but has been extremely high for weeks; money flows have seen huge outflows from bonds (funds, etfs, CEFs, etc.), but still not greatly into stocks.
New lows beat new highs - the Hindenburg Syndrome- as breadth weakens: the McClellan Oscillator was minus 80, a BUY signal short term. And survey Bears are increasing a bit.
Here are the numbers:
| Date> | 8/16/2013 | 8/9/2013 | |
| Indices: | DJIA | 15081 | 15425 |
| NAZ | 3602 | 3660 | |
| SPX | 1655 | 1691 | |
| WklyVolume (Bshs). | |||
| NASD/NYSE | 7.8/3.4 | 7.9/3.1 | |
| Specul.Ratio hi=bullish | 2.29 | 2.55 | |
| nasd/nyse | |||
| Sentiment: | put/call-CBOE | 57 | 60 |
| VIX>50-alltmlow=8.8 | 14.4 | 13.4 | |
| Advance/Dec-NYSE.. | 633/2582 | 1074/2109 | |
| Weekly Net: | -1949 | -1035 | |
| Cumulative: | 149299 | 151248 | |
| Weekly | NYSE hi/low | 232/544 | 383/327 |
| New Hi's/Low's | Nasdaq h/l | 277/86 | 452/70 |
| McClellan | Oscillator | -80 | -32 |
| McClellanSum | .+750/-1000 | 41 | 301 |
| Newsletter | Inv.Intel -Bull:tues | 47.4 | 51.6 |
| Surveys | Bear:-5yrs | 20.6 | 18.5 |
| AAII -Bull :wed. | 34.5 | 39.5 | |
| Bear | 28.2 | 26.6 | |
| COT:SPX w/w | large/small (net)k | 9/7 | 10/15 |
| COT:gold comm.hedg | long-short.000 | -61 | -54 |
| CEOinsider | selling | 25:1 | 84:1 |
| 3-box rev | Bullish%- | 81 | 84 |
| US equity -ICI | Fund Flows | 1weeklag | .4B |
| MMF flows | Change in $B | 2.3B | 7.6B |
| MargDebt- top (300M) | monthly | 377B | JUNE |
| ETF:Eqty/ | Int'l/Bond | 851/321/244 | JUNE |
| (Monthly | B$$ .) | ||
| 2-yr Tsy Yield: Inflation | 0.36% | 0.30% | |
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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