Maybe this will precipitate a much-needed correction in the stock market, especially Nas and tech stocks.
Not much new in the Sentiment area, although Insider Selling by Industry group (although several n/as in there) actually doubled from the week before - 34 to 68 to 1. My favorite predictor, the McClellan Oscillator did fall to -48, just two points away from my usual BUY signal of minus 50 - hence the rally today!
Here are the numbers:
| Date> | 4/11/2014 | 4/4/2014 | |
| Indices: | DJIA | 16026 | 16412 |
| NAZ | 3999 | 4127 | |
| SPX | 1815 | 1865 | |
| WklyVolume (Bshs). | naz/ny | 11.3/3.9 | 10.9/3.6 |
| Specul.Ratio hi=bullish | 2.9 | 3.03 | |
| Sentiment: | put/call-CBOE | 61 | 56 |
| VIX>50-alltmlow=8.8 | 17 | 13.9 | |
| Advance/Dec-NYSE.. | 975/2241 | 2130/1063 | |
| Weekly Net: | -1266 | 1067 | |
| Cumulative: | 157114 | 158380 | |
| Weekly | NYSE hi/low | 134/78 | 389/30 |
| New Hi's/Low's | Nasdaq h/l | 79/157 | 258/103 |
| McClellan | Oscillator | -48 | -10 |
| McClellanSum | .+750/-1000 | 717 | 837 |
| Newsletter | Inv.Intel -Bull:tues | 54.6 | 50.5 |
| Surveys | Bear:-5yrs | 18.6 | 18.6 |
| AAII -Bull :wed. | 28.5 | 35.4 | |
| Bear | 34.1 | 26.8 | |
| COT:SPX w/w | large/small (net)k | 12k/20k | 9k/21k |
| COT:gold comm.hedg | long-short.000 | (102k) | (114k) |
| CEOinsider | selling | 68:1? | 34:1 |
| off.&bd b/s.vs. | 10% holder b/s | 180:15 | 175:30 |
| 3-box rev | Bullish%- | 66 | 74 |
| US equity -ICI | Fund Flows | WeekDelay | .9B |
| MMF flows | Change in $B | (17.7B) | (13.2B) |
| MargDebt- top (300M) | monthly | 466B | FEB. |
| ETF:mthlyEqty/ | Int'l/Bond-$B | 1035/397/266 | FEB. |
| 2-yr Tsy Yield: Inflation | 0.36% | 0.42% | |
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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