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