Monday, February 6, 2017

GOOD BREADTH

Thanks to Friday's rebound, the overall market came out rather positive, with my cumulative Advance/Decline hitting all time highs, and New Hi's better than Lows. Margin debt backed off a bit, which means short-covering (see below):

Date   2/3/2017 1/27/2017
Indices: DJIA  20071 20093
  NAZ  5666 5660
SPX  2297 2294
WklyVolume (Bshs). naz/ny…. 9.8/4.6 8.8/4.1
Specul.Ratio hi=bullish 2.13 2.15
Sentiment: put/call-CBOE  71 67
VIX>50-alltmlow=8.8 11 10.6
DeltaMSI-50% MAC crossover 71.3 72.9
Advance/Dec-NYSE.. 1914/1184 2115/994
Weekly Net: 730 1121
     Cumulative: 173812 173082
Weekly  NYSE hi/low… 331/57 498/41
New Hi's/Low's Nasdaq h/l 350/125 464/108
McClellan  Oscillator 18 3
McClellanSum .+750/-1000 654 682
Newsletter Inv.Intel -Bull 61.8 58.2
Surveys-Tues Bear:-5yrs 17.6 17.5
Wed. AAII  -Bull  32.8 31.6
Bear  34.2 33.5
US$-WSJ 99.7 100.5
3-box rev Bullish%-  71 73
US equity -ICI Fund Flows WeekLate (8.2B)
MMF flows Change in $B (5.7B) 19.7B
MargDebt- top (300M) monthly  490B DEC:
10-yr Tsy yield hi= stock buying 2.5 2.5
2-yr Tsy Yield: Inflation 1.2 1.2
TIP (ETF) Inflation 113.9 114

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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