. Margin debt, currently over a record $400B, is due
to speculation and low rates. Market breadth, as measure by Advance/Declines
and New Highs v. Lows, is very strong now. The Bullish Per Cent, stocks on a
BUY signal, is at recent record highs(see below). Money is FINALLY starting to
flow into Mutual Funds, after a recent 25% market run up this year. (Legal)
Insider Selling of key employees -CEOs, etc.- jumped again to 62 to 1 over
Buyers.
Lastly, the Investors Intelligence Bull to Bear ratio
is now more than 3 to 1, with levels at 52 and 16, respectively!! The AAII
ratio is not much weaker.
More commentary can be found at:
Here are the numbers:
| Date> | 11/1/2013 | 10/25/2013 | |
| Indices: | DJIA | 15615 | 15570 |
| NAZ | 3922 | 3943 | |
| SPX | 1761 | 1759 | |
| WklyVolume (Bshs). | 9.7/3.8 | 9.6/3.5 | |
| NASD/NYSE | |||
| Specul.Ratio hi=bullish | 2.55 | 2.74 | |
| Sentiment: | put/call-CBOE | 56 | 58 |
| VIX>50-alltmlow=8.8 | 13.3 | 13.1 | |
| Advance/Dec-NYSE.. | 1154/2032 | 2047/1145 | |
| Weekly Net: | -878 | 902 | |
| Cumulative: | 153489 | 154367 | |
| Weekly | NYSE hi/low | 477/60 | 688/40 |
| New Hi's/Low's | Nasdaq h/l | 455/103 | 681/64 |
| McClellan | Oscillator | -13 | 46 |
| McClellanSum | .+750/-1000 | 570 | 513 |
| Newsletter | Inv.Intel -Bull:tues | 52.6 | 49.5 |
| Surveys | Bear:-5yrs | 16.5 | 18.5 |
| AAII -Bull :wed. | 45 | *49.2 | |
| Bear | 21.5 | **17.6 | |
| COT:SPX w/w | large/small (net)k | 14/14 | 8/15 |
| COT:gold comm.hedg | long-short.000 | (82K) | (78K) |
| CEOinsider | selling | 69:1 | 41:1 |
| 3-box rev | Bullish%- | 82 | 81 |
| US equity -ICI | Fund Flows | WeekDelay | 9.2B |
| MMF flows | Change in $B | 1B | 54B |
| MargDebt- top (300M) | monthly | 401B | |
| ETF:mthlyEqty/ | Int'l/Bond-$B | 923/368/249 | |
| 2-yr Tsy Yield: Inflation | 0.32% | 0.31% | |
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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