Since WWII (or before) there has never been a decade without a Recession - and if we have one in the next four years (usually @ the Zero year of the Decile cycle) it should be a doozy, with the outstanding debt. Even Margin Debt rocketed to new highs at $537B due to low rates; when they go up ....
as the numbers below show, Breadth was positive last week - new highs, Advances over Declines, and MMF $ flows (money markets) reversed from Out to In bigtime - retail investors are IN.
| Date | 4/28/2017 | 4/21/2017 | |
| Indices: | DJIA | 20940 | 20584 |
| NAZ | 6047 | 5910 | |
| SPX | 2384 | 2352 | |
| WklyVolume (Bshs). | naz/ny…. | 9.4/4.8 | 8.1/4.1 |
| Specul.Ratio hi=bullish | 1.96 | 1.98 | |
| Sentiment: | put/call-CBOE | 65 | 66 |
| VIX>50-alltmlow=8.8 | 10.8 | 14.6 | |
| DeltaMSI-50% | MAC crossover | 59.9 | 50.4 |
| Advance/Dec-NYSE.. | 1901/1175 | 2055/1009 | |
| Weekly Net: | 726 | 1046 | |
| Cumulative: | 176800 | 176074 | |
| Weekly | NYSE hi/low… | 544/71 | 295/61 |
| New Hi's/Low's | Nasdaq h/l | 561/138 | 239/144 |
| McClellan | Oscillator | 8 | 8 |
| McClellanSum | .+750/-1000 | 620 | 488 |
| Newsletter | Inv.Intel -Bull | 54.7 | 51.9 |
| Surveys-Tues | Bear:-5yrs | 17.9 | 18.3 |
| Wed. | AAII -Bull | 38.1 | 25.7 |
| Bear | 31.7 | 37 | |
| US$-WSJ | 99.0 | 99.8 | |
| 3-box rev | Bullish%- | 74 | 71 |
| US equity -ICI | Fund Flows | WeekLate | (2.7B) |
| MMF flows | Change in $B | 15.4B | (16.9B) |
| MargDebt- top (300M) | monthly | 537B | MARCH |
| 10-yr Tsy yield | hi= stock buying | 2.3 | 2.2 |
| 2-yr Tsy Yield: Inflation | 1.27 | 1.17 | |
| TIP (ETF) | Inflation | 115.2 | 114.7 |
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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