Monday, September 11, 2017


I was Shocked ! Shocked ! when I saw the stock market futures last night and more so when it opened today. After all the turmoil - domestically and globally of the weekend, and a dismal August for stocks, the next 4-5 weeks are consistently the worst of the year historically. So we're not out of the woods yet, at least for a minor correction - a Recession is probably still 18-24 months away. But when it hits, it will be a doozy as US and global Debt rises exponentially out of control.

Volume was down, due to the 4-day week, breadth was slightly negative ( Advances, New Highs, etc.); most all else was frozen from last week. See below:

SPX  2461 2476
WklyVolume (Bshs). naz/ny…. 7.5/3.3* 8.2/3.6
Specul.Ratio hi=bullish 2.27 2.28
Sentiment: put/call-CBOE  63 57
VIX>50-alltmlow=8.8 12.1 10.1
DeltaMSI-50% MAC crossover 54 51
Advance/Dec-NYSE.. 1227/1839 2210/867
Weekly Net: -612 1343
     Cumulative: 179534 180146nh
Weekly  NYSE hi/low… 280/88 285/115
New Hi's/Low's Nasdaq h/l 300/132 302/133
McClellan  Oscillator 13 46
McClellanSum .+750/-1000 347 267
Newsletter Inv.Intel -Bull 49.5 49.5
Surveys-Tues Bear:-5yrs 19.1 19.1
Wed. AAII  -Bull  29.3 25
Bear  35.7 39.9
US$-WSJ 91.3 92.8
3-box rev Bullish%-  66 66
US equity -ICI Fund Flows weeklate 3.7B
MMF flows Change in $B 11.1B (20B)
MargDebt- top (300M) monthly  JULY:
10-yr Tsy yield hi= stock buying 2.05 2.17
2-yr Tsy Yield: Inflation 1.27 1.35
TIP (ETF) Inflation 115.2 114.2

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: 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 Zero (IN)Tolerance

Subscribe in a reader


No comments:

Post a Comment