Sunday, July 27, 2014

Running Out Of Steam?

Both Breadth and Sentiment are catching the apathy of summertime, as indices fail to pierce the 000s ahead - the DJIA and the SPX. Advance/declines waver from week to week, positive to negative; the McClellan Oscillator is negative for the third week in a row, as the Summation recedes into a 5 handle. Dumb money is exceeding smart money - see more about this at:

Commitment of Traders show higher buying by small traders, except in Gold, where the commercials are huge sellers!

Here are the numbers :

Date> 7/26/2014 7/18/2014
Indices: DJIA  16960 17100
  NAZ  4449 4432
SPX  1978 1978
WklyVolume (Bshs). naz/ny 8.7/2.9 9.8/3.5
Specul.Ratio hi=bullish 3 2.8
Sentiment: put/call-CBOE  60 57
VIX>50-alltmlow=8.8 12.7 12.1
Advance/Dec-NYSE.. 1503/1720 1679/1538
Weekly Net: -217 141
     Cumulative: 163758 163975
Weekly  NYSE hi/low 435/91 386/62
New Hi's/Low's Nasdaq h/l 201/145 150/154
McClellan  Oscillator -31 -25
McClellanSum .+750/-1000 599 711
Newsletter Inv.Intel -Bull:tues 56.5 56.6
Surveys Bear:-5yrs 17.2 15.1
AAII  -Bull :wed. 29.6 32.4
Bear  29.9 28.5
COT:SPX w/w large/small (net)k .2/6 .1.11
COT:gold  comm.hedg long-short.000 (160k) (157k)
CEOinsider selling 44:1 49:1
off.&bd b/s.vs. 10% holder b/s 175:20 225:5
3-box rev Bullish%-  83 83
US equity -ICI Fund Flows WeekDelay (2.2B)
MMF flows Change in $B (2.2B) (10.2B)
MargDebt- top (300M) monthly  MAY 438B
ETF:mthlyEqty/ Int'l/Bond-$B MAY 1069/428/276
2-yr Tsy Yield: Inflation 0.49% 0.48%

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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