RALPH CLARK - R.I.P:

This column is dedicated to a good friend, neighbor, and fellow investor, who passed away late last week from ALS at 81. Ralph Clark was a student of investing, at GGU and briefly with the San Francisco Bay Area Options Group. Before passing, he asked me to dispose of nearly 50 quality investment books which I intend to do at the upcoming Options monthly meeting this Saturday morning at Fort Mason, where I and other speakers will explain our experiences with my DITM investment strategy.
Last week's Sentiment numbers saw some toppy, overbought readings, creating a caution signal: my Volume ratio - NASD/NYSE is approaching a high (speculative) reading. Although only testing for a short time (2011), these levels were at previous tops in April 6, May 2, and July 22. My cum. Volume of Adv./Dec. is also toppy, going back to April. Commitment of Traders show Large Specs on the S&P going negative vs. positive for Small Specs. Most dramatic is the AAII and Inv.Intell. Bull/Bear ratios. Numbers appear below:

Date>		1/13/2012	1/6/2012
Indices:	DJIA	..12422	..12359
	NAZ	..2710	..2674
	SPX	1289	1277
NASD/NYSE	WklyVolume (Bshs)	3.9/8.7	3.2/6.9
nasd/nyse	Specul.Ratio hi=bullish	2.23	2.16
Sentiment:	put/call-CBOE	59	63
Barron's	VIX>50-alltmlow=8.8	20.9	20.6
	Advance/Dec-NYSE	2161/988	2213/947
	Weekly Net:	1173	1266
	Cumulative:	127706	126533
Weekly	NYSE hi/low	277/50	305/27
New Hi's/Low's	Nasdaq h/l	153/89	118/81
McClellan	Oscillator	26	29
McClellan Sum	.+750/-1000	618	395
Newsletter	Inv.Intel -Bull:tues	51.1	49.5
Surveys	Bear:-5yrs	29.8	30.5
	AAII  -Bull :wed.	49.1	48.9
	Bear	17.2	17.2
COT:Change w/w	large/small (net)k	21/(9)	12/5.
CEOinsider	selling	20:1	30:1
BalticDryIndex	GlobalEcon	1105	1426
3-box rev	Bullish%-	73	68
US equity -ICI	Fund Flows	1 wk lag	(7B)
MMF flows	Change in $B	11B	(1.9B)
MargDebt- top (300M)	monthly OCT.
ETF:Eqty/Int'l/Bond	million$$ OCT.
2-yr Tsy Yield: Inflation		0.23%	0.27%
Euro futures	1 yr.offset-CommHedg	4.96M	5.13M

  

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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RALPH CLARK - R.I.P: