TAKE A HIKE

Since everything Trump is beeyoutiful these days, a possible rate hike by the Fed maybe in the cards for mid-March - a good time to jump into Treasuries at auction (par) if you have some spare cash.
Stocks, however, could be heading for at least a Correction, with consecutive record highs rivaling 1987 !!!!!
Sentiment and Breadth seem equal to the rising market in intensity; Equity flows - funds and ETFs (those traded on exchanges) have been positive since the election (after a brief respite) . They were mostly flowing Out all of 2016 until then.  Margin Debt is spectacularly high -  a danger if stocks start to slide and people/robos have to sell to meet margin calls -Hello!
All else seems stable - Bulls, advance/declines, VIX, but Inflation -as measured by TIPS hit a new high last week. See below:

Date		2/24/2017	2/17/2017
Indices:	DJIA	20821	20624
	NAZ	5845	5838
	SPX	2367	2351
WklyVolume (Bshs).	naz/ny….	7.3/3.6	9.6/4.3
Specul.Ratio hi=bullish		2.03	2.23
Sentiment:	put/call-CBOE	64	57
VIX>50-alltmlow=8.8		11.5	11.5
DeltaMSI-50%	MAC crossover	71.9	72.6
Advance/Dec-NYSE..		1763/1334	1606/1501
Weekly Net:		429	105
Cumulative:		175207	174776
Weekly	NYSE hi/low…	449/41	504/33
New Hi's/Low's	Nasdaq h/l	496/95	555/85
McClellan	Oscillator	2	2
McClellanSum	.+750/-1000	812	778
Newsletter	Inv.Intel -Bull	61.2	61.8
Surveys-Tues	Bear:-5yrs	17.5	17.6
Wed.	AAII  -Bull	38.5	33.1
	Bear	32.1	32.4
US$-WSJ		101.1	100.9
3-box rev	Bullish%-	77nh	76
US equity -ICI	Fund Flows	WeekLate	8.1B
MMF flows	Change in $B	5.1B	(2.0B)
MargDebt- top (300M)	monthly	490B
10-yr Tsy yield	hi= stock buying	2.3	2.4
2-yr Tsy Yield: Inflation		1.15	1.2
TIP (ETF)	Inflation	114.9	114.2

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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TAKE A HIKE