Toppiness still abounds, in speculative Volume (NASD/NYSE), McClellan Oscillator, Bullish %, and the number of Bears in both the AAII and Inv.Intell. Even Barron's cover story was about defensive strategies, using dividend stocks, and the option column is still preaching covered calls.The January Barometer and Effect are both positive, but February is usually not one of the better months - especially after a 20% run up from Oct. (5% this year alone).
| Date> | 1/27/2012 | 1/20/2012 | |
| Indices: | DJIA | 12660 | 12720 |
| NAZ | 2816 | 2786 | |
| SPX | 1316 | 1315 | |
| NASD/NYSE | WklyVolume (Bshs) | 4.0/9.1 | 3.3/7.8 |
| nasd/nyse | Specul.Ratio hi=bullish | 2.28 | 2.36 |
| Sentiment: | put/call-CBOE | 62 | 52 |
| Barron's | VIX>50-alltmlow=8.8 | 18.5 | 18.3 |
| Advance/Dec-NYSE.. | 2251/905 | 2414/730 | |
| Weekly Net: | 1346 | 1684 | |
| Cumulative: | 130736 | 129390 | |
| Weekly | NYSE hi/low | 367/25 | 292/36 |
| New Hi's/Low's | Nasdaq h/l | 200/39 | 166/43 |
| McClellan | Oscillator | 47 | 52 |
| McClellan Sum | .+750/-1000 | 1050 | 810 |
| Newsletter | Inv.Intel -Bull:tues | 50 | 50 |
| Surveys | Bear:-5yrs | 28.7 | 29.8 |
| AAII -Bull :wed. | 48.4 | 47.2 | |
| Bear | 18.9 | 23.6 | |
| COT:Change w/w | large/small (net)k | (2)/16 | (4)/19 |
| CEOinsider | selling | 28:1 | 25:1 |
| BalticDryIndex | GlobalEcon | 753 | 862 |
| 3-box rev | Bullish%- | 80 | 78 |
| US equity -ICI | Fund Flows | (.8B) | 1 wk lag |
| MMF flows | Change in $B | (15B) | (13B) |
| MargDebt- top (300M) | monthly OCT. | 267B | |
| ETF:Eqty/Int'l/Bond | million$$ OCT. | 618/245/184 | |
| 2-yr Tsy Yield: Inflation | 0.22% | 0.25% | |
| Euro futures | 1 yr.offset-CommHedg | 4.82 | 4.89M |
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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