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After a positive week heading into the Christmas holiday, not much changed with the exception of these extremes: The AAII ratio of Bulls to Bears jumped mightily with Bulls advancing from 50 to a heady 63%, and the Bears all the way down to 16 from 27%. The other extreme remains the Bullish per cent at a near record 84% of stocks on a BUY signal. Money continues to flow from domestic stock funds, but also MMFs. Possibly buying gold or ETFs. Insider selling jumped higher week over week, even with the 2-year tax cut extension.

This week is the actual Santa Claus rally time, so we shall see if it holds true, with a weak start.

Here are the numbers:

MktSentiment	Last Week	Prev. Week	5 Yr HI	5 Yr LOW
DJIA:	11573	11491	14093	6626
Nasdaq:	2665	2642	2805	1114
S&P 500:	1256	1243	1561	683
CBOE Eq. put/call:	53	50	96-10/08	46-1/03
VIX:	16.5	16.1	90	8.8
McClellan Osc:	15	1	108	(123)
McClellan Sum:	463	411	1568	(1514)
Newsletter Surveys
InvestorsIntel.Bull:	58.8	56.8	63	22.21
InvestorsIntel.Bear:	20.6	20.5	54.4	16
AAII Bull:	63.3	50.2	n/a	n/a
AAII Bear:	16.4	27.1	n/a	n/a
US Equity-1 week lag	n/a	(2.4B)
Money Market Flows	(9.3B)	(33.2B)
Baltic Dry Index:	1999	2000	11700	663
Bullish %:	84	84	88	2
Insider Corporate Sellers:	28:1	19:1	108:1	2.4:1

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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