Despite several reasons for a renewed Bull market - Asian resurgence from Japan and China economies, low rates, housing and low oil prices, valuations moving dollars from bonds to stocks- near term, the caution lights are on. More commentary at my Examiner.com:
http://www.examiner.com/stock-market-in-san-francisco/brent-leonard
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Here are the numbers:
Date> | 1/18/2013 | 1/11/2013 | |
Indices: | DJIA | 13649 | 13488 |
NAZ | 3134 | 3125 | |
SPX | 1485 | 1472 | |
WklyVolume (Bshs). | |||
NASD/NYSE | 9.0/3.6 | 8.6/3.3 | |
Specul.Ratio hi=bullish | 2.50 | 2.61 | |
nasd/nyse | |||
Sentiment: | put/call-CBOE | 61 | 67 |
VIX>50-alltmlow=8.8 | 12.4 | 13.4 | |
Advance/Dec-NYSE.. | 2197/968 | 1937/1208 | |
Weekly Net: | 1229 | 729 | |
Cumulative: | 145605 | 144376 | |
Weekly | NYSE hi/low | 660/18 | 578/16 |
New Hi's/Low's | Nasdaq h/l | 369/35 | 343/34 |
McClellan | Oscillator | 42 | 40 |
McClellanSum | .+750/-1000 | 890 | 735 |
Newsletter | Inv.Intel -Bull:tues | 53.2 | 51.1 |
Surveys | Bear:-5yrs | 22.3 | 23.4 |
AAII -Bull :wed. | 43.9 | 46.4 | |
Bear | 27.3 | 26.9 | |
COT:Change w/w | large/small (net)k | 14/17. | 6/23. |
CEOinsider | selling | 22:1 | 130:1 |
3-box rev | Bullish%- | 78 | 77 |
US equity -ICI | Fund Flows | 1weeklag | 8.0B |
MMF flows | Change in $B | (15.2B) | 12B |
MargDebt- top (300M) | monthly | 327Bnov. | |
ETF:Eqty/ | Int'l/Bond | 747/304/244 | |
Assets in | Billion$$ . | ||
2-yr Tsy Yield: Inflation | 0.26% | 0.26% |
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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