WHY DOES A BICYCLE ALWAYS FALL DOWN?

Because it is two-tired !!
That's the way the market seem these lazy days of summer - August.
Last week the NYSE New Highs to Lows went negative, following the week before's Nasdaq lead. Advance/decline stocks also went negative.
Stocks on a BUY signal are barely positive (54), while its twin, the Delta MACD is at 51.
 With no signs of a Recession or Inflation, hopefully it's just setting up for a correction or reaccumulation for another winter rally.

Here are the numbers:

Date		8/18/2017	8/11/2017
Indices:	DJIA	21674	21858
	NAZ	6216	6256
	SPX	2425	2441
WklyVolume (Bshs).	naz/ny….	9.0/3.9	9.5/4.0
Specul.Ratio hi=bullish		2.31	2.38
Sentiment:	put/call-CBOE	71	81
VIX>50-alltmlow=8.8		14.3	15.5
DeltaMSI-50%	MAC crossover	51	60
Advance/Dec-NYSE..		1386/1678	561/2527
Weekly Net:		-292	-1966
Cumulative:		177621	177913
Weekly	NYSE hi/low…	164/245	259/231
New Hi's/Low's	Nasdaq h/l	147/282	244/297
McClellan	Oscillator	-49	-69
McClellanSum	.+750/-1000	241	460
Newsletter	Inv.Intel -Bull	50.5	57.5
Surveys-Tues	Bear:-5yrs	18.1	17
Wed.	AAII  -Bull	34.2	33.7
	Bear	32.8	32.3
US$-WSJ		93.4	93.1
3-box rev	Bullish%-	54	67
US equity -ICI	Fund Flows	weeklate	(2.8B)
MMF flows	Change in $B	12.6B	30B
MargDebt- top (300M)	monthly
10-yr Tsy yield	hi= stock buying	2.2	2.19
2-yr Tsy Yield: Inflation		1.31	1.29
TIP (ETF)	Inflation	114	111.7

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

Subscribe in a reader

WHY DOES A BICYCLE ALWAYS FALL DOWN?