DEJA VIEW

Under glassy eyes, the markets keep inching forward to new highs - strong breadth, but continued weak Volume. Even the complacent CBOE put/call ratio is at mid-range -50-, while the VIX slips into the 10 handle. Not since 2007 has it held at that range, just before the SPX got cut in half.

The I.I. (Investors Intelligence) Bulls are at 62.2% - the second highest EVER. NY new highs are almost ten to one.
Here are the numbers- for more commentary, click on:   http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

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Date>		6/6/2014	5/30/2014
Indices:	DJIA	16924	16717
	NAZ	4321	4242
	SPX	1949	1923
WklyVolume (Bshs).	naz/ny	8.4/3.1	7.0/2.7*
Specul.Ratio hi=bullish		2.71	2.59
Sentiment:	put/call-CBOE	51	54
VIX>50-alltmlow=8.8		10.7	11.4
Advance/Dec-NYSE..		2093/1135	2118/1091
Weekly Net:		958	1027
Cumulative:		162998	162040
Weekly	NYSE hi/low	574/66	425/62
New Hi's/Low's	Nasdaq h/l	237/137	182/83
McClellan	Oscillator	35	24
McClellanSum	.+750/-1000	915	855
Newsletter	Inv.Intel -Bull:tues	62.2	58.3
Surveys	Bear:-5yrs	17.4	17.3
	AAII  -Bull :wed.	39.5	36.5
	Bear	22.2	23.2
COT:SPX w/w	large/small (net)k	4k/3k	10k/2k
COT:gold  comm.hedg	long-short.000	(64K)	(79k)
CEOinsider	selling	26:1	25:1
off.&bd b/s.vs.	10% holder b/s	170:50	175:35
3-box rev	Bullish%-	78	76
US equity -ICI	Fund Flows	WeekDelay	(2.6B)
MMF flows	Change in $B	2.6B	3.3B
MargDebt- top (300M)	monthly	APR.	437B
ETF:mthlyEqty/	Int'l/Bond-$B	APR.	1056/412/263
2-yr Tsy Yield: Inflation		0.41%	0.38%

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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DEJA VIEW