Monday, April 25, 2016


Per usual, I need to head for the hills of Lake Tahoe and Redding, CA to family bond and celebrate my birthdate - Friday the 13th - with my brother's ma-in-law's 96th. Being data dependent, blogs will not be forthcoming for awhile.

Near term and all time peaks abound : the DJIA and SPX approaching last year's highs; Barron's chart of Insider Transaction spiking as with previous tops in April '15, July and Oct.

Breadth has been very strong lately - Advance/Declines (cumulative near tops); stocks on BUY signals -Bullish % and Delta MSI;    VIX with a 13 handle (complacency). NYSE new highs to lows beat the 10:1 ratio last week; even newsletter surveys, reporting midweek, are wildly Bullish - a contrary indicator.
Here are the numbers:

Date> 2016 4/22/2016 4/15/2016
Indices: DJIA  18003 17897
  NAZ  4906 4938
SPX  2091 2080
WklyVolume (Bshs). naz/ny…. 8.9/4.8 8.5/4.8
Specul.Ratio hi=bullish 1.85 1.77
Sentiment: put/call-CBOE  69 65
VIX>50-alltmlow=8.8 13.2 13.6
DeltaMSI-50% MAC crossover 85% n/a
Advance/Dec-NYSE.. 2143/1037 2503/664
Weekly Net: 1106 1839
     Cumulative: 166188 165082
Weekly  NYSE hi/low… 336/27 276/20
New Hi's/Low's Nasdaq h/l 192/77 140/74
McClellan  Oscillator 25 16
McClellanSum .+750/-1000 1168 1020
Newsletter Inv.Intel -Bull 47.4 41.2
Surveys-Tues Bear:-5yrs 21.7 27.8
Wed. AAII  -Bull  33.4 27.9
Bear  23.9 24.9
US$-WSJ 95.1 94.7
3-box rev Bullish%-  78 77
US equity -ICI Fund Flows weekLate (4.3B)
MMF flows Change in $B (32.9B) (7.7B)
MargDebt- top (300M) monthly 
2-yr Tsy Yield: Inflation 0.82% 0.74%
TIP (ETF) Inflation 113.8 114.3

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