Mutual funds outflows of $6M along with ETF inflows of the same amount was a wash - yet moneymarket outflows were a record $78B. And IBD's short interest ratio hit another record of 13.0.
Here are the numbers:
MktSentiment. 5/9/2008 Last Week..... .5Yr.HI...... LOW
DJIA ………. 12745………..13058………..14093............7286
Nasdaq………. 2445…………..2477…………2810.............1114
S&P500…….. 1388………….1413…………1561………..776
CBOE Eq. put/call …64…………….66……………..92-1/08…..........46-1/03
VIX ………. 19.4………….18.2…….…….44.. 9/02 bu........10.0-7/05 br
Intrade.com-
Recession% 28……………30…………..76(bullish)….28(bearish)
McClellan Osc………22…………..37……………91-5/04 br......(-81)-5/04bu
McClelSum………304…………….209…………..1568-6/03.......-917
Newsletter Surveys:
Inv.Intel -Bull:…..…44.4………….40.9……….…12/04br......35-6/06bu
Bear:………… 32.3…………31.8………… 38.2-3/03.......16-6/03
AAII-Bull/Bear ……52.8/24.7…….53.3/26.3……..n/a n/a
MarketVane Bulls…55……………52…………. 74br..............24bu
IBD: Short Interest- 13nh……….12.58nh…………13.0………. 4.0
Public/NYSE Spec.-…12.1……….12.1……….21bl…………..1.0br
Birinyi Blogger
Bull/Bear Poll ………36/45…….38/28
Bullish%- …………56……….54……….…88 -2/04br.....19bu
*Insider corporate sellers.20:1…..25:1………..97…………..5
Sectors: Most Buyers: Finance, Technology
Most Sellers: Technology
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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