Most data slightly weaker than previous - Delta MSI (stocks on BUYs) had a nice jump up (Bullish), as are most breadth and sentiment indicators recently. VIX broke down below 10 - a good time to buy calls, as we're not out of the Danger Zone yet. Week turned negative toward the end, but still closed to new weekly highs (except NAS).
Here are the numbers so far:
| Date | 9/22/2017 | 9/15/2017 | |
| Indices: | DJIA | 22349 | 22268 |
| NAZ | 6427 | 6448 | |
| SPX | 2502 | 2500 | |
| WklyVolume (Bshs). | naz/ny…. | N/A | 10.0/5.4 |
| Specul.Ratio hi=bullish | N/A | 1.85 | |
| Sentiment: | put/call-CBOE | N/A | 60 |
| VIX>50-alltmlow=8.8 | 9.7 | 10.2 | |
| DeltaMSI-50% | MAC crossover | 65 | 57 |
| Advance/Dec-NYSE.. | N/A | 2097/945 | |
| Weekly Net: | N/A | 1152 | |
| Cumulative: | N/A | 180684 | |
| Weekly | NYSE hi/low… | N/A | 373/33 |
| New Hi's/Low's | Nasdaq h/l | N/A | 416/88 |
| McClellan | Oscillator | 15 | 38 |
| McClellanSum | .+750/-1000 | 648 | 535 |
| Newsletter | Inv.Intel -Bull | 50.5 | 47.1 |
| Surveys-Tues | Bear:-5yrs | 19 | 20.2 |
| Wed. | AAII -Bull | 40.1 | 41.3 |
| Bear | 27.2 | 22 | |
| US$-WSJ | 92.2 | 91.8 | |
| 3-box rev | Bullish%- | 69 | 69 |
| US equity -ICI | Fund Flows | weeklate | weeklate |
| MMF flows | Change in $B | (16.4B) | 16.8B* |
| MargDebt- top (300M) | monthly | 550B | |
| 10-yr Tsy yield | hi= stock buying | 2.26 | 2.20 |
| 2-yr Tsy Yield: Inflation | 1.44 | 1.37 | |
| TIP (ETF) | Inflation | 114 | 114.5 |
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
No comments:
Post a Comment