END OF AN ERA:

For a variety of reasons, including too much computer time spent on an inflamed sciatica, a confusing set of Sentiment signals due to HFT trading, summertime public indifference, government interventionS, and difficulty in retrieving valid data, this Sentiment Blog of over 5 years will soon come to an end.

I hope the reader has found interest and value in the collection of Sentiment Indicators based on 25 years market experience and a CMT designation on Sentiment in 1995, and the ads placed on the blog. With 10s of thousands of website hits (albeit too few clicks on the ads to defray research expenses), any comments would be welcome at brentleonard.com.

Last week's data were pretty benign, with market whipsaws seeing regressions to the mean. The Bullish % gave a Buy signal the previous week followed by a very ugly week. The McClellan Oscillator, however, was prescient with its 50 reading, now -1. Mutual fund's Money Markets attracted $11B, after regurgitating $35 B the previous week.

Here are the numbers:

MktSentiment	Last Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	10143	10450	14093	6626
Nasdaq:	2223	2309	2805	1114
S&P 500:	1076	1117	1561	683
CBOE Eq. put/call:	66	63	96-10/08	46-1/03
VIX:	28.5	24.0	90	8.8
McClellan Osc:	-1	50	108	-123
McClellan Sum:	-44	-48	1568	-1514
Newsletter Surveys
InvestorsIntel.Bull:	41.1	37.0	63	22.21
InvestorsIntel.Bear:	31.1	32.6	54.4	16
AAII Bull:	34.5	42.5	n/a	n/a
AAII Bear:	32.4	30.7	n/a	n/a
Nova/Ursa Mutual Funds:	2.1	1.2	2.2	0.56
US Equity-1 week lag	n/a	-3.7B
Money Market Flows	11B	-35B
ETF equity:Monthly Totals	Apr.831B	Mar.805B
Baltic Dry Index:	2501	2694	11700	663
Bullish %:	53	54	88	2
Insider Corporate Sellers:	12:1	20:1	108:1	2.4:1

GOODBYE AND GOOD LUCK !

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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END OF AN ERA: