triskaidekaphobia?:

For those fearful of Friday the 13th, this could be another scary week for the markets.The ECRI (Economic Cycle Research Inst.) has a perfect record of calling Recessions, and says one is on the way here in the U.S. Another very tight correlation mentioned in Barron's is the Citi Economic Surprise Index vs. a stock-less-Treasury rate index, although the correlation to the stock market is non-existent.
Being dropped from the Sentiment Indicator grid is the BDI (Baltic Dry Index) of global shipping - 100% of the largest shipping owners pooh-poohed it as a reliable indicator. The number of AAII Bears has dropped greatly as the Bulls increased; insider selling more than doubled (college funding?), as did the McClellan Summation Index; the Oscillator hovers around +50 - my sell signal.
What remains impressive is the market breadth - if not the DJIA nor SPX - my cumulative Advance/Decline of NYSE stocks continues to make new highs, and number of stocks at new lows are almost nonexistent.
July-August has an 80% chance of rising in election years - but then there is that 20%!!!!
 More blah,blah,blah can be found at:

http://ditmcalls.blogspot.com

http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

 

Date>		7/6/2012	6/29/2012
Indices:	DJIA	12772	12880
	NAZ	2937	2935
	SPX	1354	1362
NASD/NYSE	WklyVolume (Bshs).	5.7/2.5	8.3/4.1
nasd/nyse	Specul.Ratio hi=bullish	2.28	2.02
Sentiment:	put/call-CBOE	69	72
Barron's	VIX>50-alltmlow=8.8	17.1	17.1
	Advance/Dec-NYSE..	2030/1126	2431/742
	Weekly Net:	904	1689
	Cumulative:	136932	136028
Weekly	NYSE hi/low	513/22	346/147
New Hi's/Low's	Nasdaq h/l	297/71	220/172
McClellan	Oscillator	47	76
McClellan Sum	.+750/-1000	519	208
Newsletter	Inv.Intel -Bull:tues	42.5	38.7
Surveys	Bear:-5yrs	24.5	24.7
	AAII  -Bull :wed.	32.6	28.7
	Bear	33.3	44.4
COT:Change w/w	large/small (net)k	(2)/(10)	(2)/(10)
CEOinsider	selling	34:1	13:1
BalticDryIndex	GlobalEcon	discont.	924
3-box rev	Bullish%-	60	56
US equity -ICI	Fund Flows	1 wk lag	(1.5B)
MMF flows	Change in $B	3.3B	3.4B
MargDebt- top (300M)	monthly	May	279B
ETF:Eqty/Int'l/Bond	million$$ .	May	650/248/216
2-yr Tsy Yield: Inflation		0.28%	0.31%

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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triskaidekaphobia?: