WHIFF THIS

Although Inflation is still a long way away, due to a sluggish Economy, etc., the 2-year Treasury Note broke 1% last week, to the upside; the TIPs are still under control, however.
The reliable McClellan Oscillator, at +50 last week, bode unwell for today, which opened down 100 DJI points; however, the AAII Bears still dominate the Bulls and New Highs/Lows (breadth) still stinks. Dec.18, posted below, showed the classic 10:1 low/high ratio on the NYSE, much better last week.
Nice Santa rally last week - has he left town?

Date>		12/24/2015	12/18/2015
Indices:	DJIA	17552	17128
	NAZ	5048	4923
	SPX	2061	2005
WklyVolume (Bshs).	naz/ny….	5.5/3.0*	11.5/6.5
Specul.Ratio hi=bullish		1.83	1.77
Sentiment:	put/call-CBOE	59	66
VIX>50-alltmlow=8.8		15.7	20.7
Advance/Dec-NYSE..		2853/371	1517/1721
Weekly Net:		2482	-204
Cumulative:		161072	158590
Weekly	NYSE hi/low…	88/215	78/793
New Hi's/Low's	Nasdaq h/l	96/237	122/519
McClellan	Oscillator	50	-33
McClellanSum	.+750/-1000	-137	-244
Newsletter	Inv.Intel -Bull	n/a	37.8
Surveys-Tues	Bear:-5yrs	n/a	29.6
Wed.	AAII  -Bull	26.4	23.9
	Bear	31.5	39.4
US$-WSJ		89.7
CEOinsider	selling	n/a	Finance
3-box rev	Bullish%-	56	54
US equity -ICI	Fund Flows	week delay	(7.4B)
MMF flows	Change in $B	11B	(20.3B)
MargDebt- top (300M)	monthly	473B	NOV.:
2-yr Tsy Yield: Inflation		1.01%	0.97%
TIP (ETF)	Inflation	109.9	109.9

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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WHIFF THIS

ETFs

Per Barron's this week, ETF flows stats are not reliably reported - apparently if one is shorted, it reports shares as Inflows as well - stat will be deleted from now on. Open end mutual funds and MMFs (money market) flows will still be reported.

Ugly week in stocks last week - breadth was terrible, with Advance/Declines as well as new lows to highs nearly 10 to one on the downside. The reliable McClellan Oscillator was a huge minus 80 a/o Friday, which usually foretells an UP Monday, which started down but rallied midday.

No Inflation showing in the TIPS yet, and the 2-year Treas. yield dropped back after hitting a new high the week before (see below) . Insider Selling to Buying dropped to a recent low of 8:1, with buying the more reliable number.
Here are the numbers:

Date>		12/11/2015	12/4/2015
Indices:	DJIA	17265	17847
	NAZ	4933	5142
	SPX	2012	2091
WklyVolume (Bshs).	naz/ny….	9.6/4.8	10.1/5.2
Specul.Ratio hi=bullish		2	1.94
Sentiment:	put/call-CBOE	82	69
VIX>50-alltmlow=8.8		24.4	14.8
Advance/Dec-NYSE..		386/2844	1122/2099
Weekly Net:		-2458	-977
Cumulative:		158794	161252
Weekly	NYSE hi/low…	80/639	191/267
New Hi's/Low's	Nasdaq h/l	113/429	266/235
McClellan	Oscillator	-80	-14
McClellanSum	.+750/-1000	-34	252
Newsletter	Inv.Intel -Bull	44.9	41.2
Surveys-Tues	Bear:-5yrs	27.6	26.8
Wed.	AAII  -Bull	28.5	29.5
	Bear	29.9	21.2
US$-WSJ		89.7	89.7
CEOinsider	selling	.8:1	.20:1
3-box rev	Bullish%-	56	66
US equity -ICI	Fund Flows	week delay	(8.0B)
MMF flows	Change in $B	12.7B	17.8B
MargDebt- top (300M)	monthly		472B
2-yr Tsy Yield: Inflation		0.89%	NH:0.96%
TIP (ETF)	Inflation	110.3	110.4

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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ETFs

POST OP UPDATES

Still recovering from knee replacement surgery, here are the latest Sentiment stats:

Date>		11/27/2015	12/4/2015
Indices:	DJIA	17798	17847
	NAZ	5127	5142
	SPX	2090	2091
WklyVolume (Bshs).	naz/ny….	5.9/2.8*	10.1/5.2
Specul.Ratio hi=bullish		2.1	1.94
Sentiment:	put/call-CBOE	65	69
VIX>50-alltmlow=8.8		15.1	14.8
Advance/Dec-NYSE..		2052/1157	1122/2099
Weekly Net:		895	-977
Cumulative:		162229	161252
Weekly	NYSE hi/low…	183/203	191/267
New Hi's/Low's	Nasdaq h/l	194/201	266/235
McClellan	Oscillator	27	-14
McClellanSum	.+750/-1000	253	252
Newsletter	Inv.Intel -Bull	45.4	41.2
Surveys-Tues	Bear:-5yrs	26.8	26.8
Wed.	AAII  -Bull	32.4	29.5
	Bear	26	21.2
US$-WSJ		90.8	89.7
CEOinsider	selling	.29:1	.20:1
3-box rev	Bullish%-	69	66
US equity -ICI	Fund Flows	week delay	(3.5B)
MMF flows	Change in $B	11.8B	17.8B
MargDebt- top (300M)	monthly	OCT:	472B
ETF:mthlyEqty/	Int'l/Bond-$B	OCT:	1271/484/345
2-yr Tsy Yield: Inflation		0.93%	NH:0.96%
TIP (ETF)	Inflation	110.8	110.4

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

POST OP UPDATES