The usually reliable CBOE put/call ratio at 71 assumes a higher market, possibly after the resolution of the above; but newsletter surveys are complacent and getting moreso; key officers' Insider Selling is still high, with almost no Buying.
Also negative FOR the market, Bullish % is high and COT (commitment of Traders) has smart money still shorting, with small speculators long. A sustained break below 1260 S&P 500 would make me change my Bullish stance for year-end.
| Nasdaq: | 2789 | 2859 | 2861 | 1114 |
| S&P 500: | 1316 | 1343 | 1561 | 683 |
| CBOE Eq. put/call: | 71 | 62 | 96-10/08 | 46-1/03 |
| VIX: | 19.5 | 16.0 | 90 | 8.8 |
| McClellan Osc: | (11) | 49.9 | 108 | (123) |
| McClellan Sum: | 497 | 524 | 1568 | (1514) |
| Newsletter Surveys | ||||
InvestorsIntel.Bull:
| 44.1 | 40.9 | 63 | 22.21 |
InvestorsIntel.Bear:
| 22.6 | 24.7 | 54.4 | 16 |
AAII Bull:
| 39.3 | 41.8 | n/a | n/a |
AAII Bear:
| 29.2 | 24.7 | n/a | n/a |
| US Equity-1 week lag | n/a | (4.5B) | ||
| Money Market Flows | 9.7B | 3.9B | ||
| Baltic Dry Index: | 1367 | 1453 | 11700 | 663 |
Bullish %:
| 69 | 71 | 89 | 2 |
| Insider Corporate Sellers: | 42:1 | 58:1 | 235:1 | 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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