With the levelling off, some of the excessive sentiment readings have backed off, such as the CBOE put/call ratio, VIX, Panic/ Euphoria,Specialist shorts,and AAII survey.Still indicating a potential downturn are the McClellan Summation, now crossing over 1000, Bullish per cent at a high of 74, and finally, the Nova/Ursa waking up from its single-digit bullishness up to the 15 mark it saw at May's top. Here are the numbers:
Mktsentiment. 10/27/2006......5Yr.HI........ LOW
DJIA 12090...........11577...........7286
Nasdaq 2350............2243............1114
S&P500 1377............1325............776
CBOE Equity put/call 61.............87-5/04........46-1/03
VIX 10.8.........44 9/02........10.3-7/05
ISEE-call/put 161...........299-12/04.......82-4/02
(>200/Bearish)
McClel Osc.(+75/-100) 7...............91-5/04.........(81)-5/04
McClelSum.(+750/-1000) 1005...........1568-6/03.......(726)-5/04
Newsletter Surveys:
Inv.Intel -Bull:62/28 52.7...........62.9-12/04......35-6/06
Bear:43.2/16.1--5yrs 30.1.........38.2-3/03.......16-6/03
AAII-Bull/Bear 52.2/30.4.....n/a n/a
MarketVane Bulls 73......... 73..............24
Barron's Panic/
Euphoric Master Idx -0.57........-0.24 4/06.....-0.75 11/05
Bullish%- 74...............88 -2/04...... 46-8/04
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