SELL IN MAY:

A recent iteration of the May-Nov. rule (6-month cycle) showed if a $100 were invested in the Oct.to May cycle, the profit since shortly after WWII would be just under $10,000 - if the complement cycle were used to invest, the result would be $99 ( a $1 loss). Something to think about these days - a reason to look into the DITM covered call strategy, with the Weapons of Math Destruction looming!
As expected, investors  (those few who remain after the 70% artificial intelligence crowd gets through with them) got a bit defensive in attitude: the CBOE Equity put/call ratio rose from 60 to 66 the past week; AAII Bears rose hugely from 27% to 41%! Bulls dropped 10 points to 28.
  Dollars continue to exit Money Market Funds (no surprise there) but also from equity funds. Most are still going into bonds, some ETFs. Today's DJIA rally is no surprise after the selloff drove the McClellan Oscillator down to -46 -just off my -50 delimiter.
Here are the weekly numbers:

Date>		4/13/2012	4/5/2012
Indices:	DJIA	12849	13060
	NAZ	3011	3080
	SPX	1370	1398
NASD/NYSE	WklyVolume (Bshs).	7.7/4.0	6.9/3.1
nasd/nyse	Specul.Ratio hi=bullish	1.93	2.23
Sentiment:	put/call-CBOE	66	60
Barron's	VIX>50-alltmlow=8.8	19.6	16.7
	Advance/Dec-NYSE..	915/2260	1139/1999
	Weekly Net:	-1345	-860
	Cumulative:	131500	132845
Weekly	NYSE hi/low	111/109	246/68
New Hi's/Low's	Nasdaq h/l	113/142	197/107
McClellan	Oscillator	-46	-25
McClellan Sum	.+750/-1000	231	540
Newsletter	Inv.Intel -Bull:tues	48.4	52.7
Surveys	Bear:-5yrs	21.5	21.5
	AAII  -Bull :wed.	28.1	38.2
	Bear	41.6	27.8
COT:Change w/w	large/small (net)k	2/(1)	.6/2
CEOinsider	selling	42:1	44:1
BalticDryIndex	GlobalEcon	928	931
3-box rev	Bullish%-	sell76
US equity -ICI	Fund Flows	1 wk lag	(4.3B)
MMF flows	Change in $B	(6.1B)	(15.2B)
MargDebt- top (300M)	monthly FEB..
ETF:Eqty/Int'l/Bond	million$$ FEB..
2-yr Tsy Yield: Inflation		0.27%	0.32%
Euro futures	1 yr.offset-CommHedg	5.3	5.2

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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SELL IN MAY: