Monday, February 24, 2014


As the rest of the world revolts, money seems to be flowing into  all U.S. assets today, from the stock markets, to gold and oil. Many Sentiment Indicators are at high levels, but off their prior recent extremes. A few notables, as defined in an (Older Post below) earlier column include Insider Selling, which was quite high at year end - expectedly- but resumed this week to 130 to 1 over Buying, with Board/Officers accounting for 200 sales (100 after exercising options), and about 25 being the 10% stockholders (Carl Icahn,
Huge $$ came from MMFs (money markets) at $50B; charts show that the three previous highs in withdrawals were at early stages of a Bull run, in June 21, Oct. 18, and Dec.20 of 2013 - a good sign, short term. In my column I shall enumerate some disturbing negative technical signs: .

Other extremes include Gold commercial sellers, despite today's and the recent rallies, at 97k.

Here are the numbers:

Date> 2/21/2014 2/14/2014
Indices: DJIA  16103 16154
  NAZ  4263 4244
SPX  1836 1838
WklyVolume (Bshs). naz/ny 7.9/2.9 9.9/3.3
Specul.Ratio hi=bullish 2.72 .3.0
Sentiment: put/call-CBOE  57 60
VIX>50-alltmlow=8.8 14.7 13.6
Advance/Dec-NYSE.. 1948/1247 2489/722
Weekly Net: 701 1767
     Cumulative: 156516nh 155815nh
Weekly  NYSE hi/low 353/52 272/67
New Hi's/Low's Nasdaq h/l 368/47 291/54
McClellan  Oscillator 44 63
McClellanSum .+750/-1000 727 526
Newsletter Inv.Intel -Bull:tues 46.5 41.8
Surveys Bear:-5yrs 17.2 17.4
AAII  -Bull :wed. 42.2 40.1
Bear  22.8 27.3
COT:SPX w/w large/small (net)k 5k/(25k) 4/(19)
COT:gold  comm.hedg long-short.000 (97k) (72k)
CEOinsider selling 130:1 32:1
off.&bd b/s.vs. 10% holder b/s 200:25 150:40
3-box rev Bullish%-  70 67
US equity -ICI Fund Flows WeekDelay 4.2B
MMF flows Change in $B (49B) 8B
MargDebt- top (300M) monthly  445B DEC.
ETF:mthlyEqty/ Int'l/Bond-$B 1028/399/246 DEC.
2-yr Tsy Yield: Inflation 0.32% 0.33%

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: 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 Zero (IN)Tolerance

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