A longer chart shows households with an above average percentage of stock holdings, which could lead to an underperforming next decade; especially after the Fed-led rally of the past one. Another negative is my new Sentiment Indicator - the Delta MSI (market sentiment) - showing just above 50% of stocks on a Buy signal (Moving Averages). This mirrors its sibling the Bullish % with the same number (see below).
Other standouts are the 2 and 10-year Treasuries yields dropping; the TIP Inflation ETF at a recent high of almost 117 (123 is the long term high); and on the Bullish case, the AAII Bears dominate the Bulls 33 to 29.
Here are the numbers:
| Date> | 7/1/2016 | 6/24/2016 | |
| Indices: | DJIA | 17949 | 17400 |
| NAZ | 4862 | 4708 | |
| SPX | 2102 | 2037 | |
| WklyVolume (Bshs). | naz/ny…. | 10.6/5.7 | 10.6/6.0 |
| Specul.Ratio hi=bullish | 1.86 | 1.77 | |
| Sentiment: | put/call-CBOE | 64 | 74 |
| VIX>50-alltmlow=8.8 | 14.8 | 25.8 | |
| DeltaMSI-50% | MAC crossover | 52% | 62% |
| Advance/Dec-NYSE.. | 2504/653 | 1243/1916 | |
| Weekly Net: | 1851 | -673 | |
| Cumulative: | 168665 | 166814 | |
| Weekly | NYSE hi/low… | 587/159 | 391/73 |
| New Hi's/Low's | Nasdaq h/l | 205/277 | 167/194 |
| McClellan | Oscillator | 46 | -21 |
| McClellanSum | .+750/-1000 | 815 | 772 |
| Newsletter | Inv.Intel -Bull | 41.6 | 47.5 |
| Surveys-Tues | Bear:-5yrs | 23.8 | 23.2 |
| Wed. | AAII -Bull | 28.9 | 22 |
| Bear | 33.4 | 35.2 | |
| US$-WSJ | 95.6 | 95.5 | |
| 3-box rev | Bullish%- | 52 | 60 |
| US equity -ICI | Fund Flows | WeekLate | (4.2B) |
| MMF flows | Change in $B | 14.9B | (3.6B) |
| MargDebt- top (300M) | monthly | 451B | |
| 10-yr Tsy yield | hi= stock buying | 1.44% | 1.56% |
| 2-yr Tsy Yield: Inflation | 0.60% | 0.63% | |
| TIP (ETF) | Inflation | 116.8 | 115.8 |
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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