BETTER LATE...

After a whirlwind wedding in Redding, I settled in to do the latest Sentiment readings:
Commercial gold traders still remain high in selling - down slightly from the prior week; insider selling of stocks is still also high - both officers/board and 10% owners.
The AAII Bulls jumped up 6 % points, Bears down slightly.
I shall be off again on vaca next week with no means to update this column.

Here are the numbers:

Date>		8/22/2014	8/15/2014
Indices:	DJIA	17001	16662
	NAZ	4557	4464
	SPX	1988	1955
WklyVolume (Bshs).	naz/ny	7.3/2.8	8.0/3.0
Specul.Ratio hi=bullish		2.6	2.7
Sentiment:	put/call-CBOE	54	62
VIX>50-alltmlow=8.8		11.5	13.2
Advance/Dec-NYSE..		2318/914	2318/909
Weekly Net:		1404	1409
Cumulative:		165033	163629
Weekly	NYSE hi/low	405/52	234/79
New Hi's/Low's	Nasdaq h/l	210/124	157/153
McClellan	Oscillator	35	29
McClellanSum	.+750/-1000	378	100
Newsletter	Inv.Intel -Bull:tues	49.5	46.4
Surveys	Bear:-5yrs	16.2	16.2
	AAII  -Bull :wed.	46.1	39.8
	Bear	23.7	27
COT:SPX w/w	large/small (net)k	5/(7)	4/(6)
COT:gold  comm.hedg	long-short.000	(148k)	(161k)
CEOinsider	selling	38:1	21:1
off.&bd b/s.vs.	10% holder b/s	160/50	160:60(50sale)
3-box rev	Bullish%-	75	71
US equity -ICI	Fund Flows	WeekDelay	(3.9B)
MMF flows	Change in $B	6.7B	10.5B
MargDebt- top (300M)	monthly
ETF:mthlyEqty/	Int'l/Bond-$B
2-yr Tsy Yield: Inflation		0.50%	0.41%

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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BETTER LATE...

DOG DAYS

We are now in the Dog Days of summer - vacation time for most Europeans, Wall Streeters, and myself (Wedding in Redding, then my favorite coastal resort). Volume on the NYSE and Nasdaq was down last week. However, Insider sales of 10% stockholders jumped last week, although other insiders ( board members, officers) remained at the same pace. This blog has only recently broken these down, after keeping Sector Sales to Buys ratios for years. Probably not a meaningful signal, as the highest Sector selling in years was back in May of 2009 (when I started my DITM strategy). Sellers then were 235:1 !!!

Just as the markets bounced up off the Support levels last week, so did the McClellan Summation off the zero line. Breadth was strong - more about money flows in my Examiner.com column this week:   http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

Here are the numbers for the past two weeks:

Date>		8/15/2014	8/8/2014
Indices:	DJIA	16662	16553
	NAZ	4464	4370
	SPX	1955	1931
WklyVolume (Bshs).	naz/ny	8.0/3.0	8.9/3.4
Specul.Ratio hi=bullish		2.7	2.6
Sentiment:	put/call-CBOE	62	69
VIX>50-alltmlow=8.8		13.2	15.8
Advance/Dec-NYSE..		2318/909	1987/1239
Weekly Net:		1409	750
Cumulative:		163629	162220
Weekly	NYSE hi/low	234/79	106/196
New Hi's/Low's	Nasdaq h/l	157/153	94/253
McClellan	Oscillator	29	-20
McClellanSum	.+750/-1000	100	11
Newsletter	Inv.Intel -Bull:tues	46.4	50.5
Surveys	Bear:-5yrs	16.2	17.1
	AAII  -Bull :wed.	39.8	30.9
	Bear	27	38.2
COT:SPX w/w	large/small (net)k	4/(6)	(2)/5
COT:gold  comm.hedg	long-short.000	(161k)	(132k)
CEOinsider	selling	21:1	22:1
off.&bd b/s.vs.	10% holder b/s	160:60(50sale)	150:30
3-box rev	Bullish%-	71	70
US equity -ICI	Fund Flows	WeekDelay	(3.1B)
MMF flows	Change in $B	10.5B	12.8B
MargDebt- top (300M)	monthly
ETF:mthlyEqty/	Int'l/Bond-$B
2-yr Tsy Yield: Inflation		0.41%	0.45%

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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DOG DAYS

HEDGE FUN

Thanks to a surprising huge rally Friday, the week came up positive for most markets, despite the worst retracement in months - hopefully that was enough of a respite. Technicians, on the other hand, require a filter of more time (3-4 days" closes beyond a technical break), etc. to resume trend.

With August recently being a weak market month, and Sept.-Oct. even moreso, it would seem advisable to employ hedges on existing portfolios throughout this period, until the election. For more, see:    http://www.examiner.com/stock-market-in-san-francisco/brent-leonard

The resumption of uptrend also  quieted down Sentiment Indicators, including the VIX, which jumped on the downturn.
MMF (money market flows) reversed from outflows the week before to inflows. AAII  Bears dominated for a change, and the McClellan Summation (of the Oscillator) is nearing the zero line - for what that is worth. Just as the SPX bounced up off the 1900 mark after failing to reach the 2000 barrier.
Here are the numbers for last week:

Date>		8/8/2014	8/1/2014
Indices:	DJIA	16553	16493
	NAZ	4370	4352
	SPX	1931	1925
WklyVolume (Bshs).	naz/ny	8.9/3.4	9.9/3.6
Specul.Ratio hi=bullish		2.6	2.8
Sentiment:	put/call-CBOE	69	68
VIX>50-alltmlow=8.8		15.8	17
Advance/Dec-NYSE..		1987/1239	484/2772
Weekly Net:		750	-2288
Cumulative:		162220	161470
Weekly	NYSE hi/low	106/196	260/191
New Hi's/Low's	Nasdaq h/l	94/253	149/254
McClellan	Oscillator	-20	-89
McClellanSum	.+750/-1000	11	287
Newsletter	Inv.Intel -Bull:tues	50.5	55.6
Surveys	Bear:-5yrs	17.1	16.2
	AAII  -Bull :wed.	30.9	31.1
	Bear	38.2	31.1
COT:SPX w/w	large/small (net)k	(2)/5	.3/5
COT:gold  comm.hedg	long-short.000	(132k)	(149k)
CEOinsider	selling	22:1	22:1
off.&bd b/s.vs.	10% holder b/s	150:30	175:25
3-box rev	Bullish%-	70	74
US equity -ICI	Fund Flows	WeekDelay	(8.9B)
MMF flows	Change in $B	12.8B	(8.8B)
MargDebt- top (300M)	monthly		464B
ETF:mthlyEqty/	Int'l/Bond-$B		1116/440/274
2-yr Tsy Yield: Inflation		0.45%	0.48%

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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HEDGE FUN