John Mendelson, the former Chief Technical Analyst at Schwab, used to reiterate: Watch what they DO, not what they SAY! According to the talking heads on TV, echoing gov't positivity, Retail Sales and Income are rising nicely. John Mauldin, in his newsletter, wonders why there are no concomitant increases in Sales Taxes and State Income Taxes!
Meanwhile the trends continue in zugzwang (forced) fashion for the markets and gold, while the dollar keeps slip sliding away. Although the OTC market seems weaker, the new lows are declining actually more than the NYSE; all else seems to be in Holiday limbo, except for the number of Bears declining in newsletters and CEO/Insider Selling has picked up even more.
Here are the stats:
| MktSentiment | Last Week | Prev. Week | 5 Year HI | 5 Year LOW |
| DJIA: | 10318 | 10270 | 14093 | 6626 |
| Nasdaq: | 2167 | 2146 | 2126 | 1114 |
| S&P 500: | 1091 | 1093 | 1561 | 683 |
| CBOE Eq. put/call: | 64 | 57 | 96-10/08 | 46-1/03 |
| VIX: | 22.2 | 23.4 | 90 | 8.8 |
| McClellan Osc: | -29 | 5 | 108 | -100 |
| McClellan Sum: | 414 | 396 | 1568 | -1514 |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 46.1 | 44.4 | 63 | 22.21 |
InvestorsIntel.Bear: | 21.3 | 26.7 | 54.4 | 16 |
AAII Bull: | 42.7 | 38.6 | n/a | n/a |
AAII Bear: | 31.8 | 38.6 | n/a | n/a |
| Nova/Ursa Mutual Funds: | 0.64 | 0.53 | 2.2 | 0.56 |
| Mutual Fund Flows: | n/a | 8.4B | ||
| Money Market Flows | -3.68B | 3.7B | ||
| ETF Equity:Monthly Totals | 598B | 567B | ||
| Baltic Dry Index: | 4507 | 4111 | 11700 | 663 |
Bullish %: | 77 | 76 | 88 | 2 |
| Insider Corporate Sellers: | 31:1 | 23:1 | 108:1 | 2.4:1 |
| VIX Volatility: | -62 | -68 | 12 | -70 |
| VIX 1-month Future: | -62 | -60 | 2 | -59 |
| VIX 5-month Future: | -21 | -22 | 8 | -23 |
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