This does no bode well for the January effect, which is the buying of oversold stocks due to year end profit-taking, loss-taking, etc. In fact, it was reported last week that January has been the worst month of the year for the past decade, with April being the best. Luckily the hedge I've been employing -the TVIX has helped balance out paper losses, up nearly 20% today.
Gold also jumped up, in the face of a stronger dollar, which Conventional Wisdom has getting stronger yet this year, with rising rates - both of which remains to be seen.
Here are the Sentiment numbers:
| Date> | 2016 | 1/1/2016 | 12/24/2015 |
| Indices: | DJIA | 17426 | 17552 |
| NAZ | 5007 | 5048 | |
| SPX | 2043 | 2061 | |
| WklyVolume (Bshs). | naz/ny…. | 5.3/2.5** | 5.5/3.0* |
| Specul.Ratio hi=bullish | 2.12 | 1.83 | |
| Sentiment: | put/call-CBOE | 73 | 59 |
| VIX>50-alltmlow=8.8 | 18.2 | 15.7 | |
| Advance/Dec-NYSE.. | 1128/2090 | 2853/371 | |
| Weekly Net: | -962 | 2482 | |
| Cumulative: | 160110 | 161072 | |
| Weekly | NYSE hi/low… | 150/93 | 88/215 |
| New Hi's/Low's | Nasdaq h/l | 143/183 | 96/237 |
| McClellan | Oscillator | 9 | 50 |
| McClellanSum | .+750/-1000 | -20 | -137 |
| Newsletter | Inv.Intel -Bull | 36.7 | n/a |
| Surveys-Tues | Bear:-5yrs | 29.6 | n/a |
| Wed. | AAII -Bull | 25.1 | 26.4 |
| Bear | 23.6 | 31.5 | |
| US$-WSJ | 98.7 | ||
| CEOinsider | selling | Finance | n/a |
| 3-box rev | Bullish%- | 56 | 56 |
| US equity -ICI | Fund Flows | week delay | (1.4B) |
| MMF flows | Change in $B | 16B | 11B |
| MargDebt- top (300M) | monthly | 473B | |
| 2-yr Tsy Yield: Inflation | 1.06% | 1.01% | |
| TIP (ETF) | Inflation | 109.7 | 109.9 |
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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