Thursday, September 17, 2009

EARLY BLOG:

Just like Jesse Livermore, when things get boring I take off to a seaside resort for a week off, so this issue will be short and early. Indicators remain overbought, especially the Bullish % at a near record 87, but breadth and sentiment do not indicate any cessation of the upside action. Possibly post-quad-witching next week will show some pause, but as Jason Trennert, the palindromic forecaster, says, more inflows are into bond funds than equity - no time for a top.

Here are Thursday's results:



MktSentiment
9/17/2009
Prev. Week
5Yr.HI
LOW





DJIA
9783
9605
14093
6626
Nasdaq
2126
2080
2810
1114
S&P500
1065
1042
1561
683
CBOE Eq.




  put/call
53
60
96-10/08
46-1/03
VIX
23.6
24.1
90
8.8
McClellan Osc
45
35
108
-100
McClelSum
1436
1228
1568
-1514
Newsletter Surveys:
Inv.Intel
22.21
Bull
47.8
48.3
63
22.21
Bear
24.4
23.6
54.4
16
AAII-Bull/Bear
42.0/40.0
37.3/44.0
n/a
Nova/Ursa
MutualFunds
0.89
0.87
2.2
0.56
Baltic Dry Index
2390
2468
11700
663
Bullish%
87
84
88
2
Insider corporate
sellers
n/a
23:1
108:1
2.4:1
Mutual Fund Inflows
.8B
-.5B
ETF Inflows
.4B
-3.7B
VIX Volatility
-10
12
-22
VIX 1-month future
-18
2
-18
VIX 5-month future
-3
8
-7








www.mktsentiment.blogspot.com is a free weekly display of important contrary opinion statistics, with the disclosure that eventual fees may be paid to the author from readers clicking on the website and/or the small ad at the top of the column.
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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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