Coming off extremes and reverting to the mean are the newsletter surveys (AAII and I.I.), large and small traders' commitments ( large short, small traders long); although Volume remains light, the NASD to NYSE still shows speculation. NYSE new highs to lows are down slightly - 336 to 7 from 362 to 7 (same 7?). Short term bullish is the high CBOE put/call ratio, as traders hedge.
Here are the numbers for last week:
| Date> | 2/24/2012 | 2/17/2012 | |
| Indices: | DJIA | 12982 | 12949 |
| NAZ | 2963 | 2951 | |
| SPX | 1365 | 1361 | |
| NASD/NYSE | WklyVolume (Bshs). | 6.9/2.9 | 9.4/3.9 |
| nasd/nyse | Specul.Ratio hi=bullish | 2.38 | 2.41 |
| Sentiment: | put/call-CBOE | 66 | 59 |
| Barron's | VIX>50-alltmlow=8.8 | 17.3 | 17.8 |
| Advance/Dec-NYSE.. | 1790/1343 | 2185/972 | |
| Weekly Net: | 447 | 1213 | |
| Cumulative: | 133581 | 133134 | |
| Weekly | NYSE hi/low | 336/7 | 362/7 |
| New Hi's/Low's | Nasdaq h/l | 230/44 | 265/44 |
| McClellan | Oscillator | -6 | -3 |
| McClellan Sum | .+750/-1000 | 1231 | 1278 |
| Newsletter | Inv.Intel -Bull:tues | 51.1 | 54.8 |
| Surveys | Bear:-5yrs | 26.6 | 25.8 |
| AAII -Bull :wed. | 43.7 | 42.7 | |
| Bear | 27.5 | 26.6 | |
| COT:Change w/w | large/small (net)k | (8)/30 | (7)/32 |
| CEOinsider | selling | 91:1 | 32:1 |
| BalticDryIndex | GlobalEcon | 706 | 723 |
| 3-box rev | Bullish%- | 85 | 84 |
| US equity -ICI | Fund Flows | 1 wk lag | 0 |
| MMF flows | Change in $B | 6.2B | 2.9B |
| MargDebt- top (300M) | monthly OCT. | 290B | |
| ETF:Eqty/Int'l/Bond | million$$ OCT. | ||
| 2-yr Tsy Yield: Inflation | 0.31% | 0.30% | |
| Euro futures | 1 yr.offset-CommHedg | 5.08 | 5.01…. |
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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