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