Monday, July 31, 2017

HOLD YOUR BREADTH!!

Breadth, in Stock market terms, usually means strength of markets, such as Advancing stocks over Decliners, New Highs over Lows, etc. Last week the change on the NYSE was....+7 stocks. Otherwise, New Highs were strong on both markets, the New Market High treadmill keeps ramping UP - The Trend is your Friend, until it Bends at the End.
The Dollar seeks new recent lows, as other countries support their currencies with sharper rate hikes than our Fed. The end-of-month Margin Interest number is out, near record highs, thanks to the low rates.
Here are the numbers:

Date   7/28/2017 7/21/2017
Indices: DJIA  21830 21580
  NAZ  6374 6387
SPX  2472 2472
WklyVolume (Bshs). naz/ny…. .8/4.4 8.6/3.7
Specul.Ratio hi=bullish 2.23 2.32
Sentiment: put/call-CBOE  72 58
VIX>50-alltmlow=8.8 10.3 9.4
DeltaMSI-50% MAC crossover 72.6 69.9
Advance/Dec-NYSE.. 1533/1526 1881/1182
Weekly Net: 7 699
     Cumulative: 179903 179896
Weekly  NYSE hi/low… 421/75 431/48
New Hi's/Low's Nasdaq h/l 432/146 393/122
McClellan  Oscillator -1 18
McClellanSum .+750/-1000 750 727
Newsletter Inv.Intel -Bull 60.2 57.8
Surveys-Tues Bear:-5yrs 16.5 16.7
Wed. AAII  -Bull  34.5 36
Bear  24.3 26
US$-WSJ 93.3 94
3-box rev Bullish%-  73 75
US equity -ICI Fund Flows weeklate (4.5B)
MMF flows Change in $B 23.3B (9.9B)
MargDebt- top (300M) monthly  539B JUNE
10-yr Tsy yield hi= stock buying 2.29 2.24
2-yr Tsy Yield: Inflation 1.35 1.34
TIP (ETF) Inflation 113.7 113.6

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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