The two-year Treas. yield dropped from a high of .44% to .34% w/w; money market flows went from a positive $20B to a negative $1+B. The equity flows stat shown below is a week late in reporting.
The SPX (S&P 500) ended the week exactly at its Aug.2 weekly high of 1709, with the Nasdaq hitting a 13-year high - meaning, if you put it into your retirement account in 2000, you're back even again, sans dividends.
The ratio of speculation - NYSE v. NAZ - also reversed from a 2.48 (high spec.), down to 1.88.
Here are the numbers:
| Date> | 9/20/2013 | 9/13/2013 | |
| Indices: | DJIA | 15451 | 15376 |
| NAZ | 3774 | 3722 | |
| SPX | 1709 | 1688 | |
| WklyVolume (Bshs). | 9.0/4.8 | 8.2/3.3 | |
| NASD/NYSE | 1.88 | 2.48 | |
| Specul.Ratio hi=bullish | |||
| Sentiment: | put/call-CBOE | 57 | 55 |
| VIX>50-alltmlow=8.8 | 13.1 | 14.2 | |
| Advance/Dec-NYSE.. | 2292/886 | 2132/1058 | |
| Weekly Net: | 1406 | 1074 | |
| Cumulative: | 151582 | 150176 | |
| Weekly | NYSE hi/low | 515/101 | 364/158 |
| New Hi's/Low's | Nasdaq h/l | 471/60 | 379/53 |
| McClellan | Oscillator | 33 | 37 |
| McClellanSum | .+750/-1000 | 212 | -82 |
| Newsletter | Inv.Intel -Bull:tues | 42.3 | 37.1 |
| Surveys | Bear:-5yrs | 21.6 | 22.7 |
| AAII -Bull :wed. | 45.1 | 45.5 | |
| Bear | 29.7 | 24.6 | |
| COT:SPX w/w | large/small (net)k | 16/(26) | 12/(30). |
| COT:gold comm.hedg | long-short.000 | -66 | -81 |
| CEOinsider | selling | 52:1 | 34:1 |
| 3-box rev | Bullish%- | 80 | 76 |
| US equity -ICI | Fund Flows | 1weeklag | 2.5B |
| MMF flows | Change in $B | (1.4B) | 20B |
| MargDebt- top (300M) | monthly | 382B | |
| ETF:mthlyEqty/ | Int'l/Bond-$B | 925/335/250 | |
| 2-yr Tsy Yield: Inflation | 0.34% | 0.44% | |
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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