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
Subscribe in a reader
No comments:
Post a Comment