Monday, July 15, 2013

"WHAT CAN GO WRONG"? MARKET

As the U.S. markets continue to make new highs, $$s drift out of mutual funds and into MMFunds - $13B last week for the latter - 10 times the amount from the week before. The Bullish percent was quite high at 79 on the Pt. & Fig. chart (80% of stocks on a Buy signal).

Yet the AAII Bulls are near 50%, while the Bears only 18%. Breadth was strong, with the McClellan Oscillator at a dangerous 59. The NAZ new highs were 728 for the week, with new lows only 42.

For more commentary and investment meetups this week, please see:

and click on BLUE title-

Meanwhile, here are the numbers:
 

Date>
7/12/2013 7/5/2013
Indices: DJIA  15464 15135
  NAZ  3600 3479

SPX  1680 1631
WklyVolume (Bshs).

NASD/NYSE   7.9/3.7 5.4/2.5*
Specul.Ratio hi=bullish 2.14 2.16
nasd/nyse


Sentiment: put/call-CBOE  61 64
VIX>50-alltmlow=8.8 13.8 14.9
Advance/Dec-NYSE.. 2523/645 1657/1513
Weekly Net:
1878 144
     Cumulative: 151712 149834
Weekly  NYSE hi/low 551/119 295/111
New Hi's/Low's Nasdaq h/l 728/42 440/65
McClellan  Oscillator 59 14
McClellanSum .+750/-1000 182 -48
Newsletter Inv.Intel -Bull:tues 46.9 43.8
Surveys Bear:-5yrs 22.9 20.8

AAII  -Bull :wed. 48.9 42

Bear  18.3 23.8
COT:Change w/w large/small (net)k 13/3 12/7??
CEOinsider selling 106:1 32:1
3-box rev Bullish%-  79 70
US equity -ICI Fund Flows 1weeklag (2B)
MMF flows Change in $B 12.8B 1.7B
MargDebt- top (300M) monthly 

ETF:Eqty/ Int'l/Bond

Assets in  Billion$$ .

2-yr Tsy Yield: Inflation 0.34% 0.40%



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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