unLABOR DAY

A week before Labor Day, everyone, including global economists at Jackson Hole, seems to be on vacation - with both NYSE and Nasdaq Volume below normal levels. However, the recent market decline has reversed, as has the NYSE Hi/Lo reading. The AAII Bull/Bear ratio inverted to the Bear side (Bullish for stocks); the Dollar hit a new recent Low, and MMF inflows continue to expand, as they leave equity funds and ETFs. But Margin Debt leapt back to all time highs, with low interest rates. Not a good sign for when rates rise again, just as with the national debt of $20T !!
Here are the numbers:

Date		8/25/2017	8/18/2017
Indices:	DJIA	21813	21674
	NAZ	6265	6216
	SPX	2443	2425
WklyVolume (Bshs).	naz/ny….	7.6/3.5	9.0/3.9
Specul.Ratio hi=bullish		2.17	2.31
Sentiment:	put/call-CBOE	61	71
VIX>50-alltmlow=8.8		11.3	14.3
DeltaMSI-50%	MAC crossover	48	51
Advance/Dec-NYSE..		2126/944	1386/1678
Weekly Net:		1182	-292
Cumulative:		178803	177621
Weekly	NYSE hi/low…	207/203	164/245
New Hi's/Low's	Nasdaq h/l	152/222	147/282
McClellan	Oscillator	8	-49
McClellanSum	.+750/-1000	172	241
Newsletter	Inv.Intel -Bull	48.1	50.5
Surveys-Tues	Bear:-5yrs	18.3	18.1
Wed.	AAII  -Bull	28.1	34.2
	Bear	38.3	32.8
US$-WSJ		92.5	93.4
3-box rev	Bullish%-	65	54
US equity -ICI	Fund Flows	weeklate	(11.2B)
MMF flows	Change in $B	29,4B	12.6B
MargDebt- top (300M)	monthly	550B
10-yr Tsy yield	hi= stock buying	2.17	2.2
2-yr Tsy Yield: Inflation		1.33	1.31
TIP (ETF)	Inflation	114.1	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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unLABOR DAY