Best In Class

The U.S. stock market and economy continues into 2015 as the best and safest of all places to invest (and live). Oil prices benefit most of Americans - consumers and corporations ( transports, utilities), etc.) while the JERCs (Japan, Europe, Russia, China) suffer.

The 18,000 level of the DJIA was finally breached last week and ended above there. Another notable recent high was the 2-year Treasury yield jumping 10 basis points from 0.64% to 0.74%. For new Lows, we look to Volume - the lowest week of the year, with the Holiday and 1/2 day trading. Both speculation (NAS Volume to NYSE) and complacency are again on the rise, but not to extremes yet.

Here are the numbers:

Date>		12/26/2014	12/19/2014
Indices:	DJIA	18053	17804
	NAZ	4806	4765
	SPX	2088	2070
WklyVolume (Bshs).	naz/ny….	4.9/2.3	11.6/6.4
Specul.Ratio hi=bullish		2.13	1.81
Sentiment:	put/call-CBOE	53	67
VIX>50-alltmlow=8.8		14.5	16.5
Advance/Dec-NYSE..		2153/1068	2555/703
Weekly Net:		1085	1852
Cumulative:		165192	164107
Weekly	NYSE hi/low…	478/72	319/561
New Hi's/Low's	Nasdaq h/l	317/124	246/396
McClellan	Oscillator	36	16
McClellanSum	.+750/-1000	306	194
Newsletter	Inv.Intel -Bull:tues	n/a	49.5
Surveys	Bear:-5yrs	n/a	14.9
	AAII  -Bull :wed.	50.9	38.7
	Bear	18.9	26.9
COT:SPX w/w	large/small (net)k	n/a	6k/25k
COT:gold  comm.hedg	long-short.000	n/a	(115k)
CEOinsider	selling	31:1	32:1
off.&bd b/s.vs.	10% holder b/s	160:20	165:50
3-box rev	Bullish%-	75	72
US equity -ICI	Fund Flows	WeekDelay	(4.2B)
MMF flows	Change in $B	20.5B	(13.4B)
MargDebt- top (300M)	monthly
ETF:mthlyEqty/	Int'l/Bond-$B
2-yr Tsy Yield: Inflation		0.74%	0.64%
TIP (ETF)	Inflation		112

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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Best In Class

RUNAWAY TRAIN

The question is: Did the the October runaway train just go into a tunnel in December,  or is it off track? History portends  a much higher market - see more Technical reasons at:

  http://www.examiner.com/stock-market-in-san-francisco/brent-leonard.

For now, the Sentiment Indicators seem mixed. Volume last week was very high, but the ratio of NYSE to NASDAQ was showing a more cautious note- below 1:2. Breadth and Price were positive, but the New highs/lows were not. Since the mid-October lows money has flowed into MMFunds every week - until last week, when it reversed. Per Barron's, U.S. equity funds had the largest WITHDRAWAL of money in 10 years - over $28B. Finally, Gold shorters (Commercials) remain strong, so that does not bode well at this time.

Here are  last week's numbers:

Date>		12/19/2014	12/12/2014
Indices:	DJIA	17804	17280
	NAZ	4765	4653
	SPX	2070	2002
WklyVolume (Bshs).	naz/ny….	11.6/6.4	9.4/4.3
Specul.Ratio hi=bullish		1.81	2.19
Sentiment:	put/call-CBOE	67	72
VIX>50-alltmlow=8.8		16.5	21.1
Advance/Dec-NYSE..		2555/703	653/2614
Weekly Net:		1852	-1961
Cumulative:		164107	162255
Weekly	NYSE hi/low…	319/561	387/522
New Hi's/Low's	Nasdaq h/l	246/396	286/373
McClellan	Oscillator	16	-63
McClellanSum	.+750/-1000	194	365
Newsletter	Inv.Intel -Bull:tues	49.5	51.5
Surveys	Bear:-5yrs	14.9	14.8
	AAII  -Bull :wed.	38.7	45
	Bear	26.9	22.3
COT:SPX w/w	large/small (net)k	6k/25k	5k/16k
COT:gold  comm.hedg	long-short.000	(115k)	(117k)
CEOinsider	selling	32:1	32:1
off.&bd b/s.vs.	10% holder b/s	165:50	165:25
3-box rev	Bullish%-	72	72
US equity -ICI	Fund Flows	WeekDelay	(4.97B)
MMF flows	Change in $B	(13.4B)	18.5B
MargDebt- top (300M)	monthly
ETF:mthlyEqty/	Int'l/Bond-$B
2-yr Tsy Yield: Inflation		0.64%	0.54%
TIP (ETF)	Inflation	112	112

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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RUNAWAY TRAIN

A Christmas story

Despite the pop up of the 2-year Treasury to a new recent high yield of 0.64%, then back down, I decided to add the TIP ETF (Treasury Inflation fund), which is actually at its recent lows of 112 -110 being the low in 2013 after the December 2012 multiyear high of 123. No Inflation worries now, although Deflation can be even scarier!.  Other notable Indicators were the Gold Commercial shorters rising up again, and Money Market additions went to recent highs - $25B. The  VIX jumped to 21 last week and the CBOE put to call ratio also jumped up to 72 - Bullish FOR the markets.

Here are the numbers:

Date>		12/12/2014	12/5/2014
Indices:	DJIA	17280	17958
	NAZ	4653	4780
	SPX	2002	2075
WklyVolume (Bshs).	naz/ny….	9.4/4.3	8.9/4.0
Specul.Ratio hi=bullish		2.19	2.23
Sentiment:	put/call-CBOE	72	61
VIX>50-alltmlow=8.8		21.1	11.8
Advance/Dec-NYSE..		653/2614	1478/1786
Weekly Net:		-1961	-308
Cumulative:		162255	164216
Weekly	NYSE hi/low…	387/522	455/326
New Hi's/Low's	Nasdaq h/l	286/373	286/302
McClellan	Oscillator	-63	-7
McClellanSum	.+750/-1000	365	563
Newsletter	Inv.Intel -Bull:tues	51.5	53.4
Surveys	Bear:-5yrs	14.8	13.9
	AAII  -Bull :wed.	45	42.7
	Bear	22.3	25.9
COT:SPX w/w	large/small (net)k	5k/16k	8k/13k
COT:gold  comm.hedg	long-short.000	(117k)	-89
CEOinsider	selling	32:1	41:1
off.&bd b/s.vs.	10% holder b/s	165:25	165:45
3-box rev	Bullish%-	72	76
US equity -ICI	Fund Flows	WeekDelay	(3B)
MMF flows	Change in $B	18.5B	25.6B
MargDebt- top (300M)	monthly
ETF:mthlyEqty/	Int'l/Bond-$B
2-yr Tsy Yield: Inflation		0.54%	0.64%
TIP (ETF)	Inflation	112	112

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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A Christmas story

Following The Script

Hopefully, now that the Fed is through manipulating the market with extended Debt, it will get back to its normal - which is a usual hiatus in mid-December (selling losers for taxes, winners for window dressing), before a Santa Claus rally.
Extremes in Sentiment last week include:
a jump in the Treas. interest rates (2-year); a rare decline in Advance/Decline - third in two months (and a concomitant negative in the McClellan Oscillator). Also, a large jump in MMF assets.

Here are the numbers:

Date>		12/5/2014	11/28/2014
Indices:	DJIA	17958	17828
	NAZ	4780	4791
	SPX	2075	2067
WklyVolume (Bshs).	naz/ny….	8.9/4.0	5.5/2.9
Specul.Ratio hi=bullish		2.23	1.9
Sentiment:	put/call-CBOE	61	61
VIX>50-alltmlow=8.8		11.8	13.3
Advance/Dec-NYSE..		1478/1786	1768/1475
Weekly Net:		-308	293
Cumulative:		164216	164524
Weekly	NYSE hi/low…	455/326	477/194
New Hi's/Low's	Nasdaq h/l	286/302	293/151
McClellan	Oscillator	-7	13
McClellanSum	.+750/-1000	563	592
Newsletter	Inv.Intel -Bull:tues	53.4	56.5
Surveys	Bear:-5yrs	13.9	13.8
	AAII  -Bull :wed.	42.7	52.5
	Bear	25.9	20.8
COT:SPX w/w	large/small (net)k	8k/13k	N/A
COT:gold  comm.hedg	long-short.000	-89	N/A
CEOinsider	selling	41:1	40:1
off.&bd b/s.vs.	10% holder b/s	165:45	215:45
3-box rev	Bullish%-	76	74
US equity -ICI	Fund Flows	WeekDelay	(2.0B)
MMF flows	Change in $B	25.6B	8.4B
MargDebt- top (300M)	monthly		454B
ETF:mthlyEqty/	Int'l/Bond-$B		1168/424/294
2-yr Tsy Yield: Inflation		0.64%	0.47%

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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Following The Script

ThanksTaking

The title of my Examiner.com article this week:   http://www.examiner.com/stock-market-in-san-francisco/brent-leonard -  was supposed to reflect the increasing Greed of stores to hold Holiday sales for most of the week, not just on Black Friday. My acronym - STUD, or Shop Till U Drop didn't intend to mean things like the Chicago shopping mall where a shopper shot his wife and killed himself at the mall!

 Last week set new highs for all indices yet again, despite the Friday selloff in stocks. Volume was down with the Holiday, but not in quality - the 2 handle in the ratio of NASDAQ to NYSE (speculative if high) broke to below 2 last week.Breadth was still positive - Advance/Declines and New highs/lows. Insider trading was not available (N/A) due to Thx, but gold rallied $50 today (Monday).

ETF monthly figures were out for Oct. with Stocks and Bond funds at new highs. Int'l stocks and Margin Interest fell. Here are the numbers:

Date>		########	11/21/2014
Indices:	DJIA	17828	17810
	NAZ	4791	4712
	SPX	2067	2063
WklyVolume (Bshs).	naz/ny….	5.5/2.9	8.4/3.9
Specul.Ratio hi=bullish		1.9	2.15
Sentiment:	put/call-CBOE	61	53
VIX>50-alltmlow=8.8		13.3	12.9
Advance/Dec-NYSE..		1768/1475	1949/1287
Weekly Net:		293	662
Cumulative:		164524	164231
Weekly	NYSE hi/low…	477/194	401/123
New Hi's/Low's	Nasdaq h/l	293/151	251/188
McClellan	Oscillator	13	23
McClellanSum	.+750/-1000	592	490
Newsletter	Inv.Intel -Bull:tues	56.5	56.4
Surveys	Bear:-5yrs	13.8	14.9
	AAII  -Bull :wed.	52.5	49.1
	Bear	20.8	23.8
COT:SPX w/w	large/small (net)k	N/A	6k/10k
COT:gold  comm.hedg	long-short.000	N/A	(71k)
CEOinsider	selling	40:1	24:1
off.&bd b/s.vs.	10% holder b/s	215:45	160:45
3-box rev	Bullish%-	74	74
US equity -ICI	Fund Flows	WeekDelay	(3.6B)
MMF flows	Change in $B	8.4B	9.8B
MargDebt- top (300M)	monthly	454B	OCT
ETF:mthlyEqty/	Int'l/Bond-$B	1168/424/294	OCT
2-yr Tsy Yield: Inflation		0.47%	0.51%
	InsiderTotal:		InsBuy:Fin.(50%)
			10%All Sales

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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ThanksTaking

HO HUM

The only surprise in the Sentiment Indicators last week was that there were no surprises. All indicators regressed to the norms from a few extremes - notably (from Barron's) the AAII Bulls coming of the complacent highs from the previous week - highest in 4 years- back below 50%. Disappointing to me were the consistent number (UNCH) of Gold shorts not covering, in what I opined was the start of a good rally. Gold buyers currently include (along with China which has been steadily buying) Russia - getting away from the $; ISIS - getting away from fiat currencies; and the Swiss- getting ready for the Nov.30 vote to hold 20% of Fed money in gold, never to sell any!

Here are the numbers:

Date>		11/21/2014	11/14/2014
Indices:	DJIA	17810	17634
	NAZ	4712	4688
	SPX	2063	2039
WklyVolume (Bshs).	naz/ny	8.4/3.9	8.8/3.5
Specul.Ratio hi=bullish		2.15	2.51
Sentiment:	put/call-CBOE	53	60
VIX>50-alltmlow=8.8		12.9	13.3
Advance/Dec-NYSE..		1949/1287	1534/1726
Weekly Net:		662	-192
Cumulative:		164231	163569
Weekly	NYSE hi/low	401/123	458/116
New Hi's/Low's	Nasdaq h/l	251/188	313/184
McClellan	Oscillator	23	15
McClellanSum	.+750/-1000	490	441
Newsletter	Inv.Intel -Bull:tues	56.4	55.5
Surveys	Bear:-5yrs	14.9	14.8
	AAII  -Bull :wed.	49.1	57.9
	Bear	23.8	19.3
COT:SPX w/w	large/small (net)k	6k/10k	6K/6K
COT:gold  comm.hedg	long-short.000	(71k)	(72K)
CEOinsider	selling	24:1	34:1
off.&bd b/s.vs.	10% holder b/s	160:45	210:40
3-box rev	Bullish%-	74	69
US equity -ICI	Fund Flows	WeekDelay	unch
MMF flows	Change in $B	9.8B	9.1B
MargDebt- top (300M)	monthly		SEPT:
ETF:mthlyEqty/	Int'l/Bond-$B		SEPT:
2-yr Tsy Yield: Inflation		0.51%	0.52%
	InsiderTotal:	InsBuy:Fin.(50%)
		10%All Sales

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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HO HUM

REST STOP

After a huge post-correction rally, it might be a time to stop and reflect on the immediate future of stocks. The McClellan Oscillator is coming off a very high level, and the NYA Composite it is based on has  yet to hit a new high, unlike the other indices which went to new highs - albeit on negative A/D breadth. The Oscillator itself went negative after posting +50 highs the last three weeks.
Insider selling increased a bit, as did shorting of gold - but the gold miners' indices seemed to jump up with huge Volume the past few days - Oversold? GDX, NUGT.

Here are the numbers:

Date>		11/14/2014	11/7/2014
Indices:	DJIA	17634	17573
	NAZ	4688	4632
	SPX	2039	2031
WklyVolume (Bshs).	naz/ny	8.8/3.5	9.7/3.9
Specul.Ratio hi=bullish		2.51	2.49
Sentiment:	put/call-CBOE	60	63
VIX>50-alltmlow=8.8		13.3	13.1
Advance/Dec-NYSE..		1534/1726	1798/1451
Weekly Net:		-192	347
Cumulative:		163569	163761
Weekly	NYSE hi/low	458/116	540/172
New Hi's/Low's	Nasdaq h/l	313/184	337/192
McClellan	Oscillator	15	53
McClellanSum	.+750/-1000	441	275
Newsletter	Inv.Intel -Bull:tues	55.5	54.6
Surveys	Bear:-5yrs	14.8	15.1
	AAII  -Bull :wed.	57.9	52.7
	Bear	19.3	15.1
COT:SPX w/w	large/small (net)k	6K/6K	5k/3k
COT:gold  comm.hedg	long-short.000	(72K)	(55k)
CEOinsider	selling	34:1	24:1
off.&bd b/s.vs.	10% holder b/s	210:40	160:45
3-box rev	Bullish%-	69	65
US equity -ICI	Fund Flows	WeekDelay	(1.7B)
MMF flows	Change in $B	9.1B	5.9B
MargDebt- top (300M)	monthly	SEPT:	464B
ETF:mthlyEqty/	Int'l/Bond-$B	SEPT:	1120/432/276
2-yr Tsy Yield: Inflation		0.52%	0.50%

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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REST STOP

HIGHS AND LOWS

HIGHS AND LOWS

As markets hit new Highs last week, I thought it a good idea to post the multi-year Hi's and Lo's for my Indicators - see previous blog for the individual results:

Date>	DECADE	HI	LOW
Indices:	DJIA	17573	6626
	NAZ	4632	1114
	SPX	2031	683
WklyVolume (Bshs).
Specul.Ratio hi=bullish		3.39	1.59
Sentiment:	put/call-CBOE	104.11/08	42
VIX>50-alltmlow=8.8		90	8.8
Advance/Dec-NYSE..
Weekly Net:
Cumulative:		164731	71464
Weekly	NYSE hi/low	950	18
New Hi's/Low's	Nasdaq h/l
McClellan	Oscillator	Jan.09:108	May.'12:(110)
McClellan Sum	.+750/-1000	1568-6/03	(1514).
Newsletter	Inv.Intel -Bull:tues	62.9-12/04	22.2-10/08
Surveys	Bear:-5yrs	54.4-10/08	13.3-9/14
	AAII  -Bull :wed.	(12/10)63.3
	Bear	70.3(3/09)	16.4
COT:Change w/w	large/small (net)k
COT:gold  comm.hedg		(166k)nh
CEOinsider	selling	235:1	.2.1
3-box rev	Bullish%-	88	2
US equity -ICI	Fund Flows
MMF flows	Change in $B
MargDebt- top (300M)	monthly	466B
ETF:Eqty/	Int'l/Bond	1141/454/281
2-yr Tsy Yield: Inflation		0.58%nh

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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HIGHS AND LOWS

V FOR VICTORY

The V-Spike is a common Technical Analysis signal, especially when occurring with massive Volume, as the recent (finally) expected October decline of nearly 10%  - a correction area. Since then it has been onward and upward, and I expect more of the same. More commentary (!) at:

  http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

Most remarkable of the Sentiment Indicators last week were: New Highs in the DJIA, SPX, Utils and Transports - and the NAS is nearing its record of the 2000 Bubble of 5049. There seems to be a conflict of the Bull/Bear views - the CBOE is high (fear) in the 60s, while complacency reigns in the Surveys - AAII and Inv. Intell., which come out mid-week.

Most remarkable was the Sector line of Insider Selling AND Buying last week - both huge, but the ratio was down to 24 to 1 Sellers (see below). The monthly stats of ETF flows finally came out for Sept. - down in all three categories.

Here are the numbers:

Date>		11/7/2014	10/31/2014
Indices:	DJIA	17573	17390
	NAZ	4632	4630
	SPX	2031	2018
WklyVolume (Bshs).	naz/ny	9.7/3.9	10.0/4.2
Specul.Ratio hi=bullish		2.49	2.38
Sentiment:	put/call-CBOE	63	62
VIX>50-alltmlow=8.8		13.1	14
Advance/Dec-NYSE..		1798/1451	2440/813
Weekly Net:		347	1627
Cumulative:		163761	163414
Weekly	NYSE hi/low	540/172	441/156
New Hi's/Low's	Nasdaq h/l	337/192	332/182
McClellan	Oscillator	53	84
McClellanSum	.+750/-1000	275	-5
Newsletter	Inv.Intel -Bull:tues	54.6	47
Surveys	Bear:-5yrs	15.1	16.3
	AAII  -Bull :wed.	52.7	49.4
	Bear	15.1	21.1
COT:SPX w/w	large/small (net)k	5k/3k	(4k)/(6k)
COT:gold  comm.hedg	long-short.000	(55k)	(99k)
CEOinsider	selling	24:1	29:1
off.&bd b/s.vs.	10% holder b/s	160:45	160:25
3-box rev	Bullish%-	65	60
US equity -ICI	Fund Flows	WeekDelay	1.1B
MMF flows	Change in $B	5.9B	6.1B
MargDebt- top (300M)	monthly		464B
ETF:mthlyEqty/	Int'l/Bond-$B		1120/432/276
2-yr Tsy Yield: Inflation		0.50%	0.49%

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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V FOR VICTORY

BUY HIGH, SELL HIGHER?

The motto of the IBD ( Investors' Daily) is worth considering these days. Several Sentiment Indicators are relatively high (complacent) but with what is traditionally the best three months of the year, and the U.S. stock market the best game in town, how much more rally can we see?
The U. of Michigan Consumer Sentiment Index is the highest it has been since...2007!

Last week was the best one in two years as many indices hit all time highs, including the Utilities - the Nasdaq is getting closer. Breadth is very positive, with the McClellan Oscillator hitting above my +50 (sell) number, but it is also the first trading day of the month. Traders' Almanac states the first day in the past outperformed all other days of the month combined.

Commercial traders of Gold are still shorting it bigtime, although I hope we saw a Selling Climax of Volume recently. Gartner sees it going lower.

Here are the numbers from last week - the monthly numbers at the bottom - Margin Interest and ETF flows have been reported as well.

Date>		10/31/2014	10/24/2014
Indices:	DJIA	17390	16805
	NAZ	4630	4483
	SPX	2018	1964
WklyVolume (Bshs).	naz/ny	10.0/4.2	9.3/3.9
Specul.Ratio hi=bullish		2.38	2.38
Sentiment:	put/call-CBOE	62	63
VIX>50-alltmlow=8.8		14	16.1
Advance/Dec-NYSE..		2440/813	2135/572
Weekly Net:		1627	1563
Cumulative:		163414	161787
Weekly	NYSE hi/low	441/156	214/101
New Hi's/Low's	Nasdaq h/l	332/182	137/152
McClellan	Oscillator	84	68
McClellanSum	.+750/-1000	-5	-353
Newsletter	Inv.Intel -Bull:tues	47	35.3
Surveys	Bear:-5yrs	16.3	18.2
	AAII  -Bull :wed.	49.4	49.7
	Bear	21.1	22.5
COT:SPX w/w	large/small (net)k	(4k)/(6k)	(1k)/(7k)
COT:gold  comm.hedg	long-short.000	(99k)	(105k)
CEOinsider	selling	29:1	12:1
off.&bd b/s.vs.	10% holder b/s	160:25	210:25
3-box rev	Bullish%-	60	48
US equity -ICI	Fund Flows	WeekDelay	4.7B
MMF flows	Change in $B	6.1B	12.9B
MargDebt- top (300M)	monthly	464B	SEPT.
ETF:mthlyEqty/	Int'l/Bond-$B	1120/432/276
2-yr Tsy Yield: Inflation		0.49%	0.39%

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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BUY HIGH, SELL HIGHER?

BOO WHO

Not the scariest October in record, in fact one of the most expected corrections in recent years - sans Fed activity. Usually the Hallowe'en Effect creates a buying opportunity for stocks, but not last year, nor 2010.

Sentiment extremes quieted down last week, with the breadth (advance/decline) continuing UP and the Insider selling DOWN. In fact the 10% stockholders are Buying recently. The McClellan Oscillator went to a +68 - way overbought, hence the small selloff at today's open. MMF flows are making as violent swings as the markets.

Here are the numbers:

Date>		10/24/2014	10/17/2014
Indices:	DJIA	16805	16380
	NAZ	4483	4258
	SPX	1964	1886
WklyVolume (Bshs).	naz/ny	9.3/3.9	12.7/5.2
Specul.Ratio hi=bullish		2.38	2.44
Sentiment:	put/call-CBOE	63	75
VIX>50-alltmlow=8.8		16.1	22
Advance/Dec-NYSE..		2135/572	2000/1250
Weekly Net:		1563	750
Cumulative:		161787	160224
Weekly	NYSE hi/low	214/101	89/813
New Hi's/Low's	Nasdaq h/l	137/152	81/650
McClellan	Oscillator	68	10
McClellanSum	.+750/-1000	-353	-625
Newsletter	Inv.Intel -Bull:tues	35.3	37.8
Surveys	Bear:-5yrs	18.2	17.3
	AAII  -Bull :wed.	49.7	42.7
	Bear	22.5	33.7
COT:SPX w/w	large/small (net)k	(1k)/(7k)	0k/20k
COT:gold  comm.hedg	long-short.000	(105k)	(75k)
CEOinsider	selling	12:1	13:1
off.&bd b/s.vs.	10% holder b/s	210:25	160:20BUY
3-box rev	Bullish%-	48	41
US equity -ICI	Fund Flows	WeekDelay	(5.0B)
MMF flows	Change in $B	12.9B	(22B)
MargDebt- top (300M)	monthly
ETF:mthlyEqty/	Int'l/Bond-$B
2-yr Tsy Yield: Inflation		0.39%	0.38%

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

Subscribe in a reader

BOO WHO