Monday, April 1, 2013

FOOL ME ONCE

Tick, tick, tick - as noted below in the matrix, Margin Interest for February has increased to near-record levels ( 381B was the amount in July 2007). In that instance, it was 3 months before the crash of '07. History may not repeat itself exactly, but it Rhymes.

The S&P 500 finally hit a new NOMINAL high the day before Good Friday (TIGF!), and today sees the usual Monday selloff for 2013, although historically the first day of the month is usually strong.
Here are the numbers- more commentary on them can be found at:



Each week this column attempts to highlight Contrary Behavior Indicators (as opposed to making market predictions) by concentrating various comments and data in one place. The reader can SUBSCRIBE to this column (above) for regular weekly updates. It also tries to publicize various San Francisco Bay Area investment meetings for the week ahead.

 

Date>
3/29/2013 3/22/2013
Indices: DJIA  14578 14512
  NAZ  3267 3245

SPX  1569 1556
WklyVolume (Bshs).

NASD/NYSE   6.1/2.7 8.1/3.4
Specul.Ratio hi=bullish 2.26 2.38
nasd/nyse


Sentiment: put/call-CBOE  66 66
VIX>50-alltmlow=8.8 12.7 13.6
Advance/Dec-NYSE.. 1883/1254 1665/1509
Weekly Net:
629 156
     Cumulative: 150127 149498
Weekly  NYSE hi/low 622/51 579/102
New Hi's/Low's Nasdaq h/l 376/66 351/50
McClellan  Oscillator 4 -7
McClellanSum .+750/-1000 931 954
Newsletter Inv.Intel -Bull:tues 49.5 47.4
Surveys Bear:-5yrs 19.6 18.6

AAII  -Bull :wed. 38.4 38.9

Bear  28.7 33.3
COT:Change w/w large/small (net)k 4/12 6/18
CEOinsider selling 28:1 58:1
3-box rev Bullish%-  83 82
US equity -ICI Fund Flows 1weeklag 1.2B
MMF flows Change in $B 3.7B (26.5B)
MargDebt- top (300M) monthly  FEB. 366B
ETF:Eqty/ Int'l/Bond FEB. 812/350/245
Assets in  Billion$$ .

2-yr Tsy Yield: Inflation 0.25% 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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