HALLOWE'EN , PART TWO:

Today's Sentiment posting is in 2 parts, as the new system requires special handling - so here is the commentary for Oct.26:
The stock market has more legs than the Fox Channel, despite today's month-end profit-taking. Although most all foreign money is going into bonds (Treasurys, GSEs, etc.) Trillions are still looking for a home above zero percent, especially with the safety that the U.S. provides.
According to the latest JP Morgan Quarterly booklet in the 4 great Recessions the past century with consecutive declines in the market, all saw highdouble-digit or triple-digit returns following the trough: 
Great Depression - down 71%, up 148%
WWII - down 34%, up 100%
1974 Oil Crisis - down 42%, up 57%
Internet Bubble - down 42%, up 67% into 2007
Breadth remains huge,with New Highs outnumbering New Lows on the NYSE 713 to 8!
CEO Insider Selling remains worrisome at 22:1 and the Investors Intelligence Bulls are complacently high at 49; yet the McClellan Oscillator is at its support level of -50.

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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HALLOWE'EN , PART TWO:

HALLOWE'EN:

MktSentiment	Last Week	Prev. Week	5 Year HI	5 Year LOW
DJIA:	9972	9995	14093	6626
Nasdaq:	2154	2156	2126	1114
S&P 500:	1079	1087	1561	683
CBOE Eq. put/call:	61	51	96-10/08	46-1/03
VIX:	22.3	21.4	90	8.8
McClellan Osc:	-49	-16	108	-100
McClellan Sum:	1032	1154	1568	-1514
Newsletter Surveys
Investors Intel.
Bull:	49.5	47.2	63	22.21
Bear:	23.1	26.4	54.4	16
AAII
Bull:	40.5	47.3	n/a	n/a
Bear:	35.7	33.8	n/a	n/a
Nova/Ursa Mutual Funds:	0.63	0.74	2.2	0.56
Baltic Dry Index:	3043	2728	11700	663
Bullish %:	84	84	88	2
Insider Corporate Sellers:	22:1	23:1	108:1	2.4:1
1-YEAR %:
VIX Volatility:	-70			-22.00
VIX 1-month Future:	-58			-18.00
VIX 5-month Future:	-22			-7

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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HALLOWE'EN:

Market ZUGZWANG - Or Forced Move (chess term):

Amongst a rather tepid list of Indicators last week, with the VIX at a new recent low and the Bullish % still overbought, the only extremes were a bullish breadth number - the NYSE New Highs at 802 vs. only 6 NLs; the other extreme was, not so much the rise in Insider Selling, from 13:1 to 23:1, but strangely, the number of key officers buying company stock in the Financials, 3/4 of the total buying of all 10 sectors.

MktSentiment.           10/16/2009  Prev. Week.....5Yr.HI......LOW DJIA  ……….           9995…………9865.………..14093............6626 Nasdaq……….         2156…………2139…………2810.............1114 S&P500……..           1087…………1076………….1561………..683 CBOE Eq. ..put/call...............................51………….52……..……96….....46                                    VIX     ……….           21.4…………..23.1…….…….90…….….8.8 McClellan Osc………-16……………..7…………..108……..(-100) McClelSum…………..1154………..1160………..…....1568-....-1514 Newsletter Surveys: Inv.Intel - Bull:………………….n/a…………n/a.. ………….…63 ……...22.2l Bear:…………           .n/a………….n/a……..……… 54.4….......16 AAII-Bull……………47.3…..........35.1 ……Bear ………….…33.8……….41.2 Nova/Ursa MutualFunds………0.74…………0.74…………….2.2……..0.56 Baltic Dry Index                 ……2728………..2695………….11700………663                       Bullish%-       …….…84…………..82………….…88…….....2 *Insider corporate  sellers.   ……..           23:1……….13:1……………108:1…….2.4:1 Mutual Fund Inflows .. n/a

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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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Market ZUGZWANG - Or Forced Move (chess term):

Weekly results October 13:

Below are this week's Sentiment numbers, after the Holiday and return from vacation:

MktSentiment 10/13/09 Prev. Week 5Yr.HI 5Yr.LOW DJIA 9865 9509 14093 6626 Nasdaq 2139 2057 2810 1114 S&P500 1076 1029 1561 683 CBOE Eq.:  put/call 52 72 96 46 VIX 24.1 25.3 90 8.8 McClellan Osc 7 -68 108 -100 McClelSum 1160 1290 1568 -1514 Newsletter Surveys: Inv.Intel: Bull 48.3 50.6 63 22.21 Bear 23.6 24.1 54.4 16 AAII: Bull 35.1 43.6 n/a n/a Bear 41.2 35.5 n/a n/a Nova/Ursa MutualFunds: 0.87 1.04 2.2 0.56 Baltic Dry Index: 2468 2415 11700 663 Bullish%- 84 81 88 2 *Insider corporate sellers: 13:1 n/a 108:1 2.4:1 Mutual Fund Inflows -1.9B -1.4B VIX. Volatility -1 20.00 12.00 -22.00 VIX. 1-month future -10 2.00 2.00 -18.00 VIX. 5-month future -4 3 8 -7

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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Weekly results October 13:

EARLY EDITION -STILL IN PROGRESS

Below is a rough version of the Thursday close (before family vacation) in the new format process . Noticable extremes include the oversold McClellan Oscillator (Tom is bullish on the market due to extreme breadth and liquidity); on the flip side the Bullish per cent gave a 3-box SELL signal and the Investors Intelligence Bull/Bear ratio is complacent at 50+.

(Dow, Nasdaq and S&P updated to market close - gort3ster@gmail.com - in Brent's absence - comments/email on format change welcome)

MktSentiment	10/02/2009	Prev. Week	5 Year HI	5 Year LOW
DJIA:	9488	9665	14093	6626
Nasdaq:	2048	2090	2126	1114
S&P 500:	1025	1044	1561	683
CBOE Eq. put/call:	74	61	96-10/08	46-1/03
VIX:	28.3	25.6	90	8.8
McClellan Osc:	-68	-43	108	-100
McClellan Sum:	1290	1426	1568	-1514
Newsletter Surveys
Investors Intel.
Bull:	50.6	46.7	63	22.21
Bear:	23.6	24.4	54.4	16
AAII
Bull:
Bear:
Nova/Ursa Mutual Funds:	0.94	0.86	2.2	0.56
Baltic Dry Index:	2284	2163	11700	663
Bullish %:	82	86	88	2
Insider Corporate Sellers:	n/a	54:1	108:1	2.4:1
Mutual Fund Inflows:	-1.1B	-0.3B
ETF Inflows:	1.5B	1.5B

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

EARLY EDITION -STILL IN PROGRESS