DOG DAYS

We are now in the Dog Days of summer - vacation time for most Europeans, Wall Streeters, and myself (Wedding in Redding, then my favorite coastal resort). Volume on the NYSE and Nasdaq was down last week. However, Insider sales of 10% stockholders jumped last week, although other insiders ( board members, officers) remained at the same pace. This blog has only recently broken these down, after keeping Sector Sales to Buys ratios for years. Probably not a meaningful signal, as the highest Sector selling in years was back in May of 2009 (when I started my DITM strategy). Sellers then were 235:1 !!!

Just as the markets bounced up off the Support levels last week, so did the McClellan Summation off the zero line. Breadth was strong - more about money flows in my Examiner.com column this week:   http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

Here are the numbers for the past two weeks:

Date>		8/15/2014	8/8/2014
Indices:	DJIA	16662	16553
	NAZ	4464	4370
	SPX	1955	1931
WklyVolume (Bshs).	naz/ny	8.0/3.0	8.9/3.4
Specul.Ratio hi=bullish		2.7	2.6
Sentiment:	put/call-CBOE	62	69
VIX>50-alltmlow=8.8		13.2	15.8
Advance/Dec-NYSE..		2318/909	1987/1239
Weekly Net:		1409	750
Cumulative:		163629	162220
Weekly	NYSE hi/low	234/79	106/196
New Hi's/Low's	Nasdaq h/l	157/153	94/253
McClellan	Oscillator	29	-20
McClellanSum	.+750/-1000	100	11
Newsletter	Inv.Intel -Bull:tues	46.4	50.5
Surveys	Bear:-5yrs	16.2	17.1
	AAII  -Bull :wed.	39.8	30.9
	Bear	27	38.2
COT:SPX w/w	large/small (net)k	4/(6)	(2)/5
COT:gold  comm.hedg	long-short.000	(161k)	(132k)
CEOinsider	selling	21:1	22:1
off.&bd b/s.vs.	10% holder b/s	160:60(50sale)	150:30
3-box rev	Bullish%-	71	70
US equity -ICI	Fund Flows	WeekDelay	(3.1B)
MMF flows	Change in $B	10.5B	12.8B
MargDebt- top (300M)	monthly
ETF:mthlyEqty/	Int'l/Bond-$B
2-yr Tsy Yield: Inflation		0.41%	0.45%

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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DOG DAYS