GOING GREEN

Green is a popular color these days (Go Ducks!), whether it is to save the planet - which appears to be too late, judging from tornadoes, extreme rain and snow in summertime - or whether it is the color of stocks going up, versus Red going down. We saw a little Red last week resulting in MMFs (money markets) gaining $20B in assets, unlike the week before where it lost a mere $1B.

Declining stocks posted a rara avis with over one thousand more declining on the NYSE than advancing - this sent the McClellan Oscillator down near the BUY area at minus 41, although its cumulative Summation is still above the healthy level of +1,000.

Bull/Bear newsletter surveys showed increasing complacency - Investors' Intelligence at a high 55% Bulls, and the AAII Bulls jumping from 38 to 49% week/week. Bears continue to hibernate. Both levels of Stocks on a Buy signal (Bullish %), and new highs remain strong.

 Money flowing into ETFs (Exchange Traded Funds) continues to increase - even into Bonds. What appears dangerous is the recent reporting of Margin Interest: $384B- a new record, by my reckoning. Maybe it's "Different This Time" due to zero interest rates!

 

Date>		5/24/2013	5/17/2013
Indices:	DJIA	15303	15354
	NAZ	3459	3498
	SPX	1649	1667
WklyVolume (Bshs).
NASD/NYSE		8.9/3.6	9.0/3.6
Specul.Ratio hi=bullish		2.47	2.50
nasd/nyse
Sentiment:	put/call-CBOE	62	53
VIX>50-alltmlow=8.8		14.0	12.5
Advance/Dec-NYSE..		1089/2077	1865/1332
Weekly Net:		-988	533
Cumulative:		153264	154252
Weekly	NYSE hi/low	851/81	914/74
New Hi's/Low's	Nasdaq h/l	519/59	582/63
McClellan	Oscillator	-41	16
McClellanSum	.+750/-1000	1117	1192
Newsletter	Inv.Intel -Bull:tues	55.2	54.2
Surveys	Bear:-5yrs	18.8	19.8
	AAII  -Bull :wed.	49	38.5
	Bear	21.6	29.3
COT:Change w/w	large/small (net)k	3/20	5/17
CEOinsider	selling	50:1	57:1
3-box rev	Bullish%-	89	89nh
US equity -ICI	Fund Flows	1weeklag	.1B
MMF flows	Change in $B	19.5B	(1B)
MargDebt- top (300M)	monthly	384nh
ETF:Eqty/	Int'l/Bond	854/355/258
Assets in	Billion$$ .
2-yr Tsy Yield: Inflation		0.25%	0.25%

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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GOING GREEN

FLAT EARTH SOCIETY

Never in recent history has there been such a unanimous consensus that the stock market MUST move higher,  juxtaposed with extreme levels of Sentiment Indicators. Please see the Examiner.com column for more details:
http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

Here are last week's numbers:

 

Date>		5/17/2013	5/10/2013
Indices:	DJIA	15354	15118
	NAZ	3498	3436
	SPX	1667	1633
WklyVolume (Bshs).
NASD/NYSE		9.0/3.6	8.4/3.3
Specul.Ratio hi=bullish		2.50	2.55
nasd/nyse
Sentiment:	put/call-CBOE	53	60
VIX>50-alltmlow=8.8		12.5	12.6
Advance/Dec-NYSE..		1865/1332	2237/941
Weekly Net:		533	1296
Cumulative:		154252	153719
Weekly	NYSE hi/low	914/74	925/49
New Hi's/Low's	Nasdaq h/l	582/63	504/71
McClellan	Oscillator	16	20
McClellanSum	.+750/-1000	1192	1100
Newsletter	Inv.Intel -Bull:tues	54.2	52.1
Surveys	Bear:-5yrs	19.8	19.8
	AAII  -Bull :wed.	38.5	40.7
	Bear	29.3	27.4
COT:Change w/w	large/small (net)k	5/17	3/22
CEOinsider	selling	57:1	110:1
3-box rev	Bullish%-	89nh	86
US equity -ICI	Fund Flows	1weeklag	.4B
MMF flows	Change in $B	(1B)	19.5B
MargDebt- top (300M)	monthly
ETF:Eqty/	Int'l/Bond
Assets in	Billion$$ .
2-yr Tsy Yield: Inflation		0.25%	0.23%

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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FLAT EARTH SOCIETY

BETTER LATE...

After an exhausting vacation, here are the Sentiment results from last week:

Date>		5/10/2013	5/3/2013
Indices:	DJIA	15118	14973
	NAZ	3436	3378
	SPX	1633	1614
WklyVolume (Bshs).
NASD/NYSE		8.4/3.3	8.8/3.6
Specul.Ratio hi=bullish		2.55	2.44
nasd/nyse
Sentiment:	put/call-CBOE	60	61
VIX>50-alltmlow=8.8		12.6	12.8
Advance/Dec-NYSE..		2237/941	2398/785
Weekly Net:		1296	1613
Cumulative:		153719	152423
Weekly	NYSE hi/low	925/49	789/54
New Hi's/Low's	Nasdaq h/l	504/71	450/84
McClellan	Oscillator	20	44
McClellanSum	.+750/-1000	1100	889
Newsletter	Inv.Intel -Bull:tues	52.1	47.9
Surveys	Bear:-5yrs	19.8	18.8
	AAII  -Bull :wed.	40.7	31
	Bear	27.4	35.9
COT:Change w/w	large/small (net)k	3/22	2/21
CEOinsider	selling	110:1	63:1
3-box rev	Bullish%-	86	81
US equity -ICI	Fund Flows	.4B	1weeklag
MMF flows	Change in $B	19.5B	(30B)
MargDebt- top (300M)	monthly
ETF:Eqty/	Int'l/Bond
Assets in	Billion$$ .
2-yr Tsy Yield: Inflation		0.23%	0.22%

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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BETTER LATE...

RECORDS ABOUND

Last week's Sentiment Readings are pretty much like the prior one : sugar-high QE 4-ever keeps stocks strong. Advance/Declines are even stronger, with only two more declines , net advances up a mere 21. The A/D "monitor" , the McClellan Summation is pushing  1,000.

Insider Selling was high - especially Consumer Services - 63:1 over Buyers, up from 19:1 last week.

Here are the numbers:

Date>		5/3/2013	4/26/2013
Indices:	DJIA	14973	14712
	NAZ	3378	3279
	SPX	1614	1582
WklyVolume (Bshs).
NASD/NYSE		8.8/3.6	8.6/3.4
Specul.Ratio hi=bullish		2.44	2.53
nasd/nyse
Sentiment:	put/call-CBOE	61	63
VIX>50-alltmlow=8.8		12.8	13.6
Advance/Dec-NYSE..		2398/785	2375/783
Weekly Net:		1613	1592
Cumulative:		152423	150810
Weekly	NYSE hi/low	789/54	570/75
New Hi's/Low's	Nasdaq h/l	450/84	330/105
McClellan	Oscillator	44	18
McClellanSum	.+750/-1000	889	724
Newsletter	Inv.Intel -Bull:tues	47.9	44.3
Surveys	Bear:-5yrs	18.8	19.6
	AAII  -Bull :wed.	31	28.3
	Bear	35.9	38.8
COT:Change w/w	large/small (net)k	2/21	4/13
CEOinsider	selling	63:1	19:1
3-box rev	Bullish%-	81	77
US equity -ICI	Fund Flows	1weeklag	(.6B)
MMF flows	Change in $B	(30B)	(1.9B)
MargDebt- top (300M)	monthly		380B
ETF:Eqty/	Int'l/Bond		704/286/202
Assets in	Billion$$ .
2-yr Tsy Yield: Inflation		0.22%	0.22%

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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RECORDS ABOUND