He has recently compiled a record of the 5 best Indicators shown on the tsaasf.org website (for which he is the Editor and Past President). This blog is produced each Monday, as many indicators (such as market survey letters) are posted weekly. Extremes can be used as a cautionary signal, as they can denote a cessation of a trend, not necessarily a reversal.
Last week's extremes include a high CBOE equity put/call ratio of 73; a negative McClellan Oscillator (although it stayed the same as the prior week at -26, it took a violent swing down and up); the AAII (Individual Investor) Bears jumped from 32 to 40 last week, although the Investors' Intelligence Bulls remained complacent. Technically, I like to watch the 6 to8-day cycles (3,4 up, 3,4 down) as we reach the 50-day Simple Moving Average today.
Posted below are the last two weeks, multi-year highs and lows:
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 11858 | 12044 | 14093 | 6626 |
| Nasdaq: | 2643 | 2715 | 2861 | 1114 |
| S&P 500: | 1279 | 1304 | 1561 | 683 |
| CBOE Eq. put/call: | 73 | 64 | 96-10/08 | 46-1/03 |
| VIX: | 24.4 | 20.1 | 90 | 8.8 |
| McClellan Osc: | (26) | (26) | 108 | (123) |
| McClellan Sum: | 386 | 669 | 1568 | (1514) |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | 52.2 | 52.2 | 63 | 22.21 |
InvestorsIntel.Bear: | 22.3 | 21.1 | 54.4 | 16 |
AAII Bull: | 28.5 | 36.0 | n/a | n/a |
AAII Bear: | 40.1 | 32.3 | n/a | n/a |
| US Equity-1 week lag | n/a | (1.1B) | ||
| Money Market Flows | (10.5B) | (1.4B) | ||
| Baltic Dry Index: | 1538 | 1317 | 11700 | 663 |
Bullish %: | 72 | 77 | 89 | 2 |
| Insider Corporate Sellers: | 55:1 | 62:1 | 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
Subscribe in a reader
No comments:
Post a Comment