The McClellan Oscillator has come off negative to challenge my +50 mark at 46; my cum. A/D total is at a new high, as are the Commitment of Traders' Small Traders, with Large still shorting.
Also tying a new high is my new Indicator - NYSE Volume divided by NASD, a speculative sign. Margin debt continues to rise over $300B, although money has shifted to MMFs recently.
A final extreme - CEO Insider Sales hit a whopping 163 to 1 last week, although they sold heavily in the March '09 rally inception.
| MktSentiment | Last Week | Prev. Week | 5 Yr HI | 5 Yr LOW |
| DJIA: | 12810 | 12505 | 14093 | 6626 |
| Nasdaq: | 2873 | 2820 | 2861 | 1114 |
| S&P 500: | 1363 | 1337 | 1561 | 683 |
| CBOE Eq. put/call: | 58 | 60 | 96-10/08 | 46-1/03 |
| VIX: | 14.7 | 14.7 | 90 | 8.8 |
| McClellan Osc: | 46 | (30) | 108 | (123) |
| McClellan Sum: | 672 | 480 | 1568 | (1514) |
| Newsletter Surveys | ||||
InvestorsIntel.Bull: | n/a | n/a | 63 | 22.21 |
InvestorsIntel.Bear: | n/a | n/a | 54.4 | 16 |
AAII Bull: | 37.9 | 32.2 | n/a | n/a |
AAII Bear: | 30.6 | 31 | n/a | n/a |
| US Equity-1 week lag | n/a | 1.9B | ||
| Money Market Flows | 16.8B | n/a | ||
| Baltic Dry Index: | 1254 | n/a | 11700 | 663 |
Bullish %: | 82 | 74 | 89 | 2 |
| Insider Corporate Sellers: | 163:1 | n/a | 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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