For more on DITM, please see my other blog: http://ditmcalls.blogspot.com.
The market continues its inexorable ride, Bernancke ex machina, up the wall of global worry. The DJIA is up 89% since March '09; the SPX (500) up over 100%; the Nasdaq up 125%, more than decades ago in 1982 (1 year rise) and 1974 (2 year gain).
My new Indicator, speculation as measured by Nasd divided by NYSE Volume, hit a new high, as did my cumulative Adv./Dec. Bullish per cent also hit an all-time high of 89. Money is entering domestic equity mutual funds again after a year of shifting to foreign markets.
I just started following the COT (commitment of traders) this week - should appear when testing is meaningful.
Here are the numbers:
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 12391 | 12273 | 14093 | 6626 |
| Nasdaq: | 2834 | 2809 | 2861 | 1114 |
| S&P 500: | 1343 | 1329 | 1561 | 683 |
| CBOE Eq. put/call: | 55 | 53 | 96-10/08 | 46-1/03 |
| VIX: | 16.4 | 15.7 | 90 | 8.8 |
| McClellan Osc: | 31 | 28 | 108 | (123) |
| McClellan Sum: | 826 | 703 | 1568 | (1514) |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 52.2 | 53.4 | 63 | 22.21 |
InvestorsIntel.Bear: | 19.6 | 23.3 | 54.4 | 16 |
AAII Bull: | 46.6 | 49.4 | n/a | n/a |
AAII Bear: | 25.6 | 26.9 | n/a | n/a |
| US Equity-1 week lag | n/a | 4.9B | ||
| Money Market Flows | 5.6B | 10.2B | ||
| Baltic Dry Index: | 1292 | 1136 | 11700 | 663 |
Bullish %: | 89nh | 88 | 89 | 2 |
| Insider Corporate Sellers: | 52:1 | 125:1 | 198:1 | 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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