Monday, August 16, 2010

August 16

With light Volume in these Dog Days, today's slight upturn reflects a higher reading of the CBOE Equity put/call ratio at 66, a low McClellan Oscillator reading of -40 (oversold), and a nice rebound in the global economic proxy - the BDI, or Baltic Dry Index of 2468, up 500 points from last week.
Everyone except the Chinese are buying US treasuries, putting the 2-yr at .50% and the 10-year at 2.5%, locking in those yields for an "extended" period.

Here are the numbers:

MktSentiment Last WeekPrev. Week 5 Yr HI 5 Yr LOW
DJIA:1030310653140936626
Nasdaq:2176228828051114
S&P 500:107911211561683
CBOE Eq. put/call: 665896-10/0846-1/03
VIX:26.221.7908.8
McClellan Osc:-4025108-123
McClellan Sum:6847501568-1514
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InvestorsIntel.Bull:
41.738.96322.21
InvestorsIntel.Bear:
27.533.354.416
AAII Bull:
39.830.4n/an/a
AAII Bear:
30.138.2n/an/a
Nova/Ursa Mutual Funds:n/an/a2.20.56
US Equity-1 week lagn/a-2.8B
Money Market Flows-3.5B19.2B

ETF equity:Monthly TotalsApr.831BMar.805B

Baltic Dry Index:2468197811700663
Bullish %:
5559882
Insider Corporate Sellers:18:125:1108:12.4:1

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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