However, for the stock market, last week was unremarkable. Causing a bit of notice was a breath of Inflation, as measured by a slight nudge of the TIP, well below its Nov. 2012 high of 123. Barron's advises playing Vanguards ETF VTIP rather than the TIP one which has a CPI component as well as coupons. Still early for that, but the 2 year Treas. also jumped up a bit as well.
MMFs (money markets) inflows have been doubling lately (for the fourth week); equity mutual funds also went positive for only the second time since Sept. 2015, although most went into ETFs from these open end funds.
Both stocks and commodities have been on a positive roll lately - stocks since the downswing in Jan; commodities since 2011. Neither seem to have grounds for a sustained move - more like short covering. Time will tell. Gold seems more likely, in lieu of global events.
Here are the numbers:
| Date> | 2016 | 3/4/2016 | 2/26/2016 |
| Indices: | DJIA | 17006 | 16639 |
| NAZ | 4717 | 4590 | |
| SPX | 2000 | 1948 | |
| WklyVolume (Bshs). | naz/ny…. | 10.0/6.0 | 8.9/4.9 |
| Specul.Ratio hi=bullish | 1.66 | 1.82 | |
| Sentiment: | put/call-CBOE | 61 | 65 |
| VIX>50-alltmlow=8.8 | 16.9 | 19.8 | |
| Advance/Dec-NYSE.. | 2723/481 | 2358/833 | |
| Weekly Net: | 2242 | 1525 | |
| Cumulative: | 161277 | 159035 | |
| Weekly | NYSE hi/low… | 186/57 | 155/120 |
| New Hi's/Low's | Nasdaq h/l | 108/128 | 90/209 |
| McClellan | Oscillator | 104 | 76 |
| McClellanSum | .+750/-1000 | 324 | -139 |
| Newsletter | Inv.Intel -Bull | 36.4 | 34.7 |
| Surveys-Tues | Bear:-5yrs | 34.3 | 35.7 |
| Wed. | AAII -Bull | 32 | 31.2 |
| Bear | 29.3 | 31.4 | |
| US$-WSJ | 97.2 | 98.1 | |
| 3-box rev | Bullish%- | 71 | 57 |
| US equity -ICI | Fund Flows | weekLate | 2.1B |
| MMF flows | Change in $B | 26.0B | 15.1B |
| MargDebt- top (300M) | monthly | 445B | |
| 2-yr Tsy Yield: Inflation | 0.86% | 0.80% | |
| TIP (ETF) | Inflation | 112.6 | 112.4 |
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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