http://www.examiner.com/stock-market-in-san-francisco/brent-leonard
as well as Sentiment commentary .
Last week's 1% correction !! up until Friday, where it retraced it back up, did result in negative A/D (advance/decline) breadth for the week, a rara avis these days. Over 1,000 declines for the week. Only the NAZ (Nasdaq) ended the week slightly higher.
Investors Intelligence (??) Bears hit a new low last week, at 14.3%, although I feel the AAII is more predictive. Although record numbers of inflows into equity funds this year have switched, the past two weeks saw big inflows into MMFs (money markets), with minor outflows from equitys (1 week delayed).
Insider selling - still high- has abated recently, as has the selling of gold "Commercials).
Here are the numbers:
| Date> | 12/6/2013 | 11/29/2013 | |
| Indices: | DJIA | 16020 | 16086 |
| NAZ | 4062 | 4059 | |
| SPX | 1805 | 1805 | |
| WklyVolume (Bshs). | naz/ny | 8.9/3.6 | 5.9/2.5 |
| Specul.Ratio hi=bullish | 2.47 | 2.36 | |
| Sentiment: | put/call-CBOE | 55 | 54 |
| VIX>50-alltmlow=8.8 | 13.8 | 13.7 | |
| Advance/Dec-NYSE.. | 1059/2133 | 1844/1329 | |
| Weekly Net: | -1074 | 515 | |
| Cumulative: | 152884 | 153958 | |
| Weekly | NYSE hi/low | 323/259 | 424/126 |
| New Hi's/Low's | Nasdaq h/l | 386/83 | 541/67 |
| McClellan | Oscillator | -18 | 13 |
| McClellanSum | .+750/-1000 | 213 | 344 |
| Newsletter | Inv.Intel -Bull:tues | 57.1 | 55.7 |
| Surveys | Bear:-5yrs | 14.3 | 14.4 |
| AAII -Bull :wed. | 42.6 | 47.3 | |
| Bear | 27.5 | 28.3 | |
| COT:SPX w/w | large/small (net)k | 6/25 | n/a |
| COT:gold comm.hedg | long-short.000 | (22k) | n/a |
| CEOinsider | selling | 29:1 | 56:1 |
| 3-box rev | Bullish%- | 83 | 83 |
| US equity -ICI | Fund Flows | WeekDelay | (1.3B) |
| MMF flows | Change in $B | 24.2B | 15.1B |
| MargDebt- top (300M) | monthly | 412B | |
| ETF:mthlyEqty/ | Int'l/Bond-$B | 972/392/248 | |
| 2-yr Tsy Yield: Inflation | 0.30% | 0.29% | |
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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