Monday, December 22, 2014


The question is: Did the the October runaway train just go into a tunnel in December,  or is it off track? History portends  a much higher market - see more Technical reasons at:

For now, the Sentiment Indicators seem mixed. Volume last week was very high, but the ratio of NYSE to NASDAQ was showing a more cautious note- below 1:2. Breadth and Price were positive, but the New highs/lows were not. Since the mid-October lows money has flowed into MMFunds every week - until last week, when it reversed. Per Barron's, U.S. equity funds had the largest WITHDRAWAL of money in 10 years - over $28B. Finally, Gold shorters (Commercials) remain strong, so that does not bode well at this time.

Here are  last week's numbers:

Date> 12/19/2014 12/12/2014
Indices: DJIA  17804 17280
  NAZ  4765 4653
SPX  2070 2002
WklyVolume (Bshs). naz/ny…. 11.6/6.4 9.4/4.3
Specul.Ratio hi=bullish 1.81 2.19
Sentiment: put/call-CBOE  67 72
VIX>50-alltmlow=8.8 16.5 21.1
Advance/Dec-NYSE.. 2555/703 653/2614
Weekly Net: 1852 -1961
     Cumulative: 164107 162255
Weekly  NYSE hi/low… 319/561 387/522
New Hi's/Low's Nasdaq h/l 246/396 286/373
McClellan  Oscillator 16 -63
McClellanSum .+750/-1000 194 365
Newsletter Inv.Intel -Bull:tues 49.5 51.5
Surveys Bear:-5yrs 14.9 14.8
AAII  -Bull :wed. 38.7 45
Bear  26.9 22.3
COT:SPX w/w large/small (net)k 6k/25k 5k/16k
COT:gold  comm.hedg long-short.000 (115k) (117k)
CEOinsider selling 32:1 32:1
off.&bd b/s.vs. 10% holder b/s 165:50 165:25
3-box rev Bullish%-  72 72
US equity -ICI Fund Flows WeekDelay (4.97B)
MMF flows Change in $B (13.4B) 18.5B
MargDebt- top (300M) monthly 
ETF:mthlyEqty/ Int'l/Bond-$B
2-yr Tsy Yield: Inflation 0.64% 0.54%
TIP (ETF) Inflation 112 112

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

Subscribe in a reader


No comments:

Post a Comment