GREEN VS. BROWN

Governor Jerry "Brown's" final legacy might be his necessary mandate to turn every household's lawn from green to brown, considering our prolonged drought. To his credit, however, he managed to help save my "watering" hole - Capp's Corner in North Beach- from being leased-out, since he lunches there monthly with his St. Ignatius H.S. buddies and supposedly pressured the landlord to be reasonable.

Also seemingly healthy (judging by today's action) is the stock market, now up nearly 200 points after a lousy employment number on Good Friday. Last week's numbers, ending on Thursday, showed reversals in breadth indicators - advance/declines, and the McClellan Oscillator, with increased New Highs. Other reversals include the  CEO Insider selling to much lower selling; and a large swing in MMF (money market) flows -from plus $17B to negative $47B!!

Lastly, the monthly figures for ETF assets came out - all at record inflows - stocks, bonds, and overseas investing. Here are the numbers:

Date>		**4/2/2015	3/27/2015
Indices:	DJIA	17763	17712
	NAZ	4886	4891
	SPX	2066	2061
WklyVolume (Bshs).	naz/ny….	**6.9/3.2	9.0/3.8
Specul.Ratio hi=bullish		2.16	2.37
Sentiment:	put/call-CBOE	69	66
VIX>50-alltmlow=8.8		14.7	15.1
Advance/Dec-NYSE..		2145/1070	1212/2014
Weekly Net:		1075	-802
Cumulative:		166782	165707
Weekly	NYSE hi/low…	261/57	367/77
New Hi's/Low's	Nasdaq h/l	237/125	274/130
McClellan	Oscillator	12	-12
McClellanSum	.+750/-1000	380	357
Newsletter	Inv.Intel -Bull	54.5	56.6
Surveys-Tues	Bear:-5yrs	14.2	14.1
Wed.	AAII  -Bull	35.4	38.4
	Bear	32	24.4
COT:SPX w/w	large/small (net)k	6k/(3k)	10k/3k
COT:gold  comm.hedg	long-short.000	(81k)	(53k)
CEOinsider	selling	25:1	74:1
off.&bd b/s.vs.	10% holder b/s	.160:30	160:40
3-box rev	Bullish%-	70	70
US equity -ICI	Fund Flows	WeekDelay	(4.5B)
MMF flows	Change in $B	(47B)	17B
MargDebt- top (300M)	monthly	465B	445B
ETF:mthlyEqty/	Int'l/Bond-$B	1280/457/320	1219/424/308
2-yr Tsy Yield: Inflation		0.48%	0.60%
TIP (ETF)	Inflation	114.05	113.42
		**Holiday

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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GREEN VS. BROWN