SANTA CLAUS RALLY

Odds are, despite Dark Pools making up half the stock market Volume these days, that the usual final week will pass us through the 20,000 mark on the DJIA, even with a four-day week. After that, I do not see much of a strong rally in 2017.
One reason is that so many $$ are going into Index ETFs, that it is lifting the bad/weak members of that Index along with the good, and could weaken the rally. Most Indicators below were Bullish, short term, except for the early week newsletter Bull/Bear ratios. Nasdaq Volume was strong, yet overall Volume down; stocks on BUY signals up; equity flows from MMFs good.

 Have a Great New Years!!

Date		12/23/2016	12/16/2016
Indices:	DJIA	19933	19843
	NAZ	5462	5437
	SPX	2263	2258
WklyVolume (Bshs).	naz/ny….	7.5/3.5	11.0/6.2
Specul.Ratio hi=bullish		2.14	1.77
Sentiment:	put/call-CBOE	69	58
VIX>50-alltmlow=8.8		11.4	12.2
DeltaMSI-50%	MAC crossover	69%	70%
Advance/Dec-NYSE..		1815/1289	1045/2063
Weekly Net:		526	-1018
Cumulative:		171190	170664
Weekly	NYSE hi/low…	314/68	475/182
New Hi's/Low's	Nasdaq h/l	457/149	564/153
McClellan	Oscillator	9	4
McClellanSum	.+750/-1000	466	403
Newsletter	Inv.Intel -Bull	59.8	59.6
Surveys-Tues	Bear:-5yrs	19.6	19.2
Wed.	AAII  -Bull	44.6	44.7
	Bear	29.2	32.3
US$-WSJ		102.9	102.8
3-box rev	Bullish%-	70	71
US equity -ICI	Fund Flows	WeekLate	19.0B
MMF flows	Change in $B	(20.8B)	(3.9B)
MargDebt- top (300M)	monthly		484B
10-yr Tsy yield	hi= stock buying	2.54%	2.59%
2-yr Tsy Yield: Inflation		1.20%	1.26%
TIP (ETF)	Inflation	112.5	111.2

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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SANTA CLAUS RALLY

'TIS THE SEASON...

For ThanksTaking !! Am I the only one who noticed that it used to be crass to send an Xmas greeting and also ask for donations (charities, etc. - catching people a their most vulnerable moment). Kinda like the post-millenium change of corporate mandate from what is best of the company and product to what is best for the investor ( e.g. key employees who hold tons of vested shares)!!

That said, I wanted to wish readers of my sentiment blog: mktsentiment.blogspot.com. a happy year end season; also suggest a gift (commercial) Leland Faust's book A Capitalist's Lament. A former Barron's all star Advisor with mucho experience writes about the corruption on Wall St. and D.C., but loves the idea of Capitalism done right. Good Read. $25.  

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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'TIS THE SEASON...

OPTIONS "EXASPERATION"

Friday was the last Option expiry and Triple Witching (futures,stocks) of 2016, and other things were happening to the market, including the upcoming Holidays. The week was basically a non-event as the DJIA moved up a tad, others down. Volume was a record high and the new Delta MSI indicator (Bullish when high) hit 70. The McClellan Oscillator was flat, as was the VIX and today's market. The I.I. Bull/Bear ratio stayed above 3.0, which shows complacency.
Here are the numbers:

Date		12/16/2016	12/9/2016
Indices:	DJIA	19843	19786
	NAZ	5437	5444
	SPX	2258	2259
WklyVolume (Bshs).	naz/ny….	11.0/6.2	10.0/4.6
Specul.Ratio hi=bullish		1.77	2.17
Sentiment:	put/call-CBOE	58	53
VIX>50-alltmlow=8.8		12.2	11.8
DeltaMSI-50%	MAC crossover	70%	64%
Advance/Dec-NYSE..		1045/2063	2451/666
Weekly Net:		-1018	1785
Cumulative:		170664	171682
Weekly	NYSE hi/low…	475/182	676/94
New Hi's/Low's	Nasdaq h/l	564/153	788/120
McClellan	Oscillator	4	50
McClellanSum	.+750/-1000	403	345
Newsletter	Inv.Intel -Bull	59.6	58.8
Surveys-Tues	Bear:-5yrs	19.2	19.6
Wed.	AAII  -Bull	44.7	43.1
	Bear	32.3	26.5
US$-WSJ		102.8	101.6
3-box rev	Bullish%-	71	68
US equity -ICI	Fund Flows	WeekLate	3.0B
MMF flows	Change in $B	(3.9B)	16.9B
MargDebt- top (300M)	monthly	484B	OCT.
10-yr Tsy yield	hi= stock buying	2.59%	2.47%
2-yr Tsy Yield: Inflation		1.26%	1.14%
TIP (ETF)	Inflation	111.2	112.8

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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OPTIONS "EXASPERATION"

EVERYTHING IS BEEEEAUTIFUL

So They (everyone) Say! The Trump Market will rise to at least 20,000 in the next 6 months! But not straight up. At a recent TSAA (technical analysts' society) annual luncheon, veteran analyst, teacher, and partner with Martin Pring -Bruce Fraser-, gave a talk on the markets. Although he did not say we were near a top, the charts he showed were convincing that a possible cessation might occur: a "Broadening top in the SPX looks to make a 5-wave triangle, and the Co-dependence of stocks to Bonds shows an offset top occurring.
The Investors' Intelligence Bull/Bear reached a 3 X Bull dominance (complacency) - a rarity! 59 to 19. Advance/Declines were 4 to 1 and New highs on the Nasdaq hit a record 700+ to 100. Also, the Volumes showed a large increase in NAS to NYSE (also speculative) The McClellan Oscillator hit +50 (my short term sell signal, which proved again today, at least for the NAS and SPX). We shall find out in the Fullness of Time.

Here are last week's numbers:

Date		12/9/2016	12/2/2016
Indices:	DJIA	19786	19170
	NAZ	5444	5255
	SPX	2259	2191
WklyVolume (Bshs).	naz/ny….	10.0/4.6	9.4/5.5
Specul.Ratio hi=bullish		2.17	1.71
Sentiment:	put/call-CBOE	53	61
VIX>50-alltmlow=8.8		11.8	14.1
DeltaMSI-50%	MAC crossover	64%	66%
Advance/Dec-NYSE..		2451/666	1026/2098
Weekly Net:		1785	-1075
Cumulative:		171682	169897
Weekly	NYSE hi/low…	676/94	462/178
New Hi's/Low's	Nasdaq h/l	788/120	536/144
McClellan	Oscillator	50	3
McClellanSum	.+750/-1000	345	110
Newsletter	Inv.Intel -Bull	58.8	56.3
Surveys-Tues	Bear:-5yrs	19.6	22.3
Wed.	AAII  -Bull	43.1	43.8
	Bear	26.5	25.1
US$-WSJ		101.6	100.3
3-box rev	Bullish%-	68	65
US equity -ICI	Fund Flows	WeekLate	2.8B
MMF flows	Change in $B	16.9B	13.9B
MargDebt- top (300M)	monthly	OCT.	n/a
10-yr Tsy yield	hi= stock buying	2.47%	2.39%
2-yr Tsy Yield: Inflation		1.14%	1.10%
TIP (ETF)	Inflation	112.8	113.1

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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EVERYTHING IS BEEEEAUTIFUL

TAKING A "BREADTHER"

Last week saw new His only in the DJIA as breadth took a breather; Advance/declines were 1 to 2, but Stocks on Buy signals were Bullish, as were New His. Bulls and Bears ratios were not good (complacent) but early in the week.
Volume back to normal after the ThanksTaking Holiday week, and NYSE to NASD was Bullish (less speculative).
Here are the ##s:

Date		12/2/2016	11/25/2016
Indices:	DJIA	19170	19152nh
	NAZ	5255	5398
	SPX	2191	2213
WklyVolume (Bshs).	naz/ny….	9.4/5.5	6.0/3.0*
Specul.Ratio hi=bullish		1.71	2
Sentiment:	put/call-CBOE	61	60
VIX>50-alltmlow=8.8		14.1	12.3
DeltaMSI-50%	MAC crossover	66%	64%
Advance/Dec-NYSE..		1026/2098	2454/662
Weekly Net:		-1075	1792
Cumulative:		169897	170972
Weekly	NYSE hi/low…	462/178	451/69
New Hi's/Low's	Nasdaq h/l	536/144	628/84
McClellan	Oscillator	3	59
McClellanSum	.+750/-1000	110	34
Newsletter	Inv.Intel -Bull	56.3	55.9
Surveys-Tues	Bear:-5yrs	22.3	21.6
Wed.	AAII  -Bull	43.8	49.9
	Bear	25.1	22.1
US$-WSJ		100.3	101.5
3-box rev	Bullish%-	65	63
US equity -ICI	Fund Flows	WeekLate	6.9B
MMF flows	Change in $B	13.9B	18.8B
MargDebt- top (300M)	monthly	n/a	501B
10-yr Tsy yield	hi= stock buying	2.39%	2.36%
2-yr Tsy Yield: Inflation		10.00%	1.12%
TIP (ETF)	Inflation	113.1	113.1

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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TAKING A "BREADTHER"

BLACK FRIDAY MATTERS

Making America Great again - record sales from retail stores last week, especially electronics (gamers?). The downside to technology cutting costs (and employment) from factories to farms, is (just like outsourced workers) that they do not CONSUME !! If we bring back jobs to U S, some things may cost more, but workers will be spending $$ that they earn here.
Another record set last week - back-to-back new highs in all four major stock markets - something that has not happened since....December 31, 1999 " A Year That Will Go Down..."
Another sodden fact: from Jason Trennert on Wealthtrack - 50% of the national Debt, which is now HUGE, will rollover within three years, just as rates are starting to rise!!
There has never been a year after a two-term President that a Recession has NOT occurred.

Sentiment Indicators are all Bullish, but getting extended - Breadth and Sentiment.
The Trend is your Friend Until it Bends at the End!!

Here are the Sentiment numbers:

Date		11/25/2016	11/18/2016
Indices:	DJIA	19152nh	18868
	NAZ	5398	5321
	SPX	2213	2181
WklyVolume (Bshs).	naz/ny….	6.0/3.0*	10.4/4.9
Specul.Ratio hi=bullish		2	2.12
Sentiment:	put/call-CBOE	60	60
VIX>50-alltmlow=8.8		12.3	12.9
DeltaMSI-50%	MAC crossover	64%	58%
Advance/Dec-NYSE..		2454/662	1982/1149
Weekly Net:		1792	833
Cumulative:		170972	169180
Weekly	NYSE hi/low…	451/69	450/355
New Hi's/Low's	Nasdaq h/l	628/84	680/135
McClellan	Oscillator	59	22
McClellanSum	.+750/-1000	34	-182
Newsletter	Inv.Intel -Bull	55.9	51
Surveys-Tues	Bear:-5yrs	21.6	23.5
Wed.	AAII  -Bull	49.9	46.7
	Bear	22.1	26.6
US$-WSJ		101.5	101.3
3-box rev	Bullish%-	63	61
US equity -ICI	Fund Flows	WeekLate	23.2B
MMF flows	Change in $B	18.8B	3.3B
MargDebt- top (300M)	monthly	501B
10-yr Tsy yield	hi= stock buying	2.36%	2.36%
2-yr Tsy Yield: Inflation		1.12%	1.07%
TIP (ETF)	Inflation	113.1	112.2

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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BLACK FRIDAY MATTERS

1980 (Reagan) LIKE 2017 (Trump)?

Not exactly, says Barron's
Market Value (CAP) to GDP: 40%    196%
Bond Yields 14%   2%
Debt to GDP  135%    251%
Protectionism: Tear Down that Wall   Build a Wall

With Bond yields jumping (at least short term) $$ are coming out of Bond Funds into stocks. Sentiment Indicators regression into quietude - VIX, newsletters, stocks on BUY signals. and Breadth back positive during the rally,
Here are the numbers:

Date		11/18/2016	11/11/2016
Indices:	DJIA	18868	18847
	NAZ	5321	5237
	SPX	2181	2164
WklyVolume (Bshs).	naz/ny….	10.4/4.9	11.6/5.9
Specul.Ratio hi=bullish		2.12	1.97
Sentiment:	put/call-CBOE	60	61
VIX>50-alltmlow=8.8		12.9	14.2
DeltaMSI-50%	MAC crossover	58%	39%
Advance/Dec-NYSE..		1982/1149	1781/1355
Weekly Net:		833	426
Cumulative:		169180	168347
Weekly	NYSE hi/low…	450/355	394/331
New Hi's/Low's	Nasdaq h/l	680/135	530/271
McClellan	Oscillator	22	4
McClellanSum	.+750/-1000	-182	-299
Newsletter	Inv.Intel -Bull	51	Nov.8-42.9
Surveys-Tues	Bear:-5yrs	23.5	25.7
Wed.	AAII  -Bull	46.7	Nov.9-38
	Bear	26.6	29.3
US$-WSJ		101.3	99
3-box rev	Bullish%-	61	57
US equity -ICI	Fund Flows	WeekLate	(6.3B)
MMF flows	Change in $B	3.3B	5.9B
MargDebt- top (300M)	monthly
10-yr Tsy yield	hi= stock buying	2.36%	2.15%
2-yr Tsy Yield: Inflation		1.07%	0.92%
TIP (ETF)	Inflation	112.2	114.3

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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1980 (Reagan) LIKE 2017 (Trump)?

BACK IN THE BLACK

Markets hit the ground running after election - (both ways), and Sentiment Indicators also jumped. Volume hit 11.6B on the Naz (Nasdaq), 5.9B on the NY; New Highs/Lows went positive again, and Treasury yields jumped up.
Also Bullish was a lowering of put/call ratio, TIP (Inflation ETF), and  VIX (Volatility).
Newsletters come out early in the week, so were not  a factor of the Election.
Here are the numbers:

Date		11/11/2016	11/4/2016
Indices:	DJIA	18847	17888
	NAZ	5237	5046
	SPX	2164	2085
WklyVolume (Bshs).	naz/ny….	11.6/5.9	9.7/4.9
Specul.Ratio hi=bullish		1.97	1.98
Sentiment:	put/call-CBOE	61	80
VIX>50-alltmlow=8.8		14.2	22.5
DeltaMSI-50%	MAC crossover	39%	36%
Advance/Dec-NYSE..		1781/1355	726/2403
Weekly Net:		426	-1677
Cumulative:		168347	167921
Weekly	NYSE hi/low…	394/331	96/191
New Hi's/Low's	Nasdaq h/l	530/271	134/415
McClellan	Oscillator	4	-60
McClellanSum	.+750/-1000	-299	-277
Newsletter	Inv.Intel -Bull	Nov.8-42.9	41.7
Surveys-Tues	Bear:-5yrs	25.7	24.3
Wed.	AAII  -Bull	Nov.9-38	23
	Bear	29.3	34.3
US$-WSJ		99	96.9
3-box rev	Bullish%-	57	50
US equity -ICI	Fund Flows	WeekLate	(5.9B)
MMF flows	Change in $B	5.9B	26.2B
MargDebt- top (300M)	monthly
10-yr Tsy yield	hi= stock buying	2.15%	1.78%
2-yr Tsy Yield: Inflation		0.92%	0.79%
TIP (ETF)	Inflation	114.3	115.9

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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BACK IN THE BLACK

HILLARALLY (Nov.7, 2016):

Despite the FBI fakeout (against all previous custom in the last 60 days before election) which caused the worst time decline in stocks - 9 days - since 1980, today's super rally assumes that Hillary will win the office tomorrow ( when incumbents remain, stocks rise).

The rally was not a surprise to a couple Sentiment Indicators: the CBOE put/call ratio hit 80 (first time in awhile), and the McClellan Oscillator hit minus 60 (below my -50 Buy signal). Bonds also spiked up.Strictly short term, however.

To balance out the Bear side, the Delta MSI Index ( stocks on buy signals, like Bullish%) at 36%, is in Bear area, as the B% dropped to 50. Margin Interest is near a record, due to low rates; finally, for the first time since Feb.'s selloff, the NYSE New Highs to Lows turned Negative as with the A/D line, and Volume was heavy for the ugly week.

Here are the numbers:

Date		11/4/2016	10/28/2016
Indices:	DJIA	17888	18161
	NAZ	5046	5190
	SPX	2085	2126
WklyVolume (Bshs).	naz/ny….	9.7/4.9	8.6/4.5
Specul.Ratio hi=bullish		1.98	1.91
Sentiment:	put/call-CBOE	80	66
VIX>50-alltmlow=8.8		22.5	16.2
DeltaMSI-50%	MAC crossover	36%	45%
Advance/Dec-NYSE..		726/2403	887/2252
Weekly Net:		-1677	-1365
Cumulative:		167921	169598
Weekly	NYSE hi/low…	96/191	226/128
New Hi's/Low's	Nasdaq h/l	134/415	239/257
McClellan	Oscillator	-60	-45
McClellanSum	.+750/-1000	-277	26
Newsletter	Inv.Intel -Bull	41.7	47.1
Surveys-Tues	Bear:-5yrs	24.3	23.1
Wed.	AAII  -Bull	23	24.8
	Bear	34.3	34.1
US$-WSJ		96.9	98.3
3-box rev	Bullish%-	50	66
US equity -ICI	Fund Flows	WeekLate	WeekLate
MMF flows	Change in $B	26.2B	16.1B
MargDebt- top (300M)	monthly		501B
10-yr Tsy yield	hi= stock buying	1.78%	1.85%
2-yr Tsy Yield: Inflation		0.79%	0.86%
TIP (ETF)	Inflation	115.9	116

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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HILLARALLY (Nov.7, 2016):

BOOOOOOOOOOOOOOOOO

Nothing is Scary with this stock market - neither today nor for the past few weeks; actually since their all time highs in August, The Dow 30, S&P 500 and Nasdaq have been moving sideways, with a slight downward cast. Signs of technical weakness are starting to show up in the Sentiment/Breadth Indicators, however:
The recently added Delta MSI (3600 stocks breaking Moving Averages) broke through its heretofor bullish line two weeks ago for the first time (below 50) a Bearish sign; the Nasdaq New Lows vs. Highs took the lead for the first time since early summer, although the NYSE has not yet. The McClellan Summation Index is poised to break down through the Zero line, as its Oscillator maintains its negative breadth action.
Finally, the Dollar and Bond yields are starting to ramp up, with the rate hike imminent at December's FOMC meetup.
Here are the numbers:

Date>		10/28/2016	10/21/2016
Indices:	DJIA	18161	18145
	NAZ	5190	5257
	SPX	2126	2141
WklyVolume (Bshs).	naz/ny….	8.6/4.5	7.7/3.9
Specul.Ratio hi=bullish		1.91	1.97
Sentiment:	put/call-CBOE	66	59
VIX>50-alltmlow=8.8		16.2	13.3
DeltaMSI-50%	MAC crossover	45%	48%
Advance/Dec-NYSE..		887/2252	1968/1151
Weekly Net:		-1365	835
Cumulative:		169598	170963
Weekly	NYSE hi/low…	226/128	185/70
New Hi's/Low's	Nasdaq h/l	239/257	165/190
McClellan	Oscillator	-45	-5
McClellanSum	.+750/-1000	26	135
Newsletter	Inv.Intel -Bull	47.1	42.9
Surveys-Tues	Bear:-5yrs	23.1	23.8
Wed.	AAII  -Bull	24.8	23.7
	Bear	34.1	37.8
US$-WSJ		98.3	98.6
3-box rev	Bullish%-	66	61
US equity -ICI	Fund Flows	WeekLate	(4.5B)
MMF flows	Change in $B	16.1B	(13.5B)
MargDebt- top (300M)	monthly	501B
10-yr Tsy yield	hi= stock buying	1.85%	1.74%
2-yr Tsy Yield: Inflation		0.86%	0.83%
TIP (ETF)	Inflation	116	116.1

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

BOOOOOOOOOOOOOOOOO

RALLY HO (?)

So where's the Hillary Rally? By a wide margin, when the Incumbent party is polled to win the upcoming Presidential Election, the stock market rallies - since August 15 (2 months ago) it has been in a shallow but steady decline of nearly 2%.
 For the first time, my newly added Sentiment Indicator, the Delta SMI, went below 50, a Bearish sign for rising stocks; also new, the Nasdaq New Lows beat New Highs for the week. Stocks were actually slightly UP on the week, but on Low Volume, a technical divergence. Normally this time of year stocks start a rally into February, but the outlook for Bonds does not look good as rates start to climb higher (Prices lower).
Here are the results:

Date>		10/21/2016	10/14/2016
Indices:	DJIA	18145	18138
	NAZ	5257	5214
	SPX	2141	2132
WklyVolume (Bshs).	naz/ny….	7.7/3.9	8.0/3.9
Specul.Ratio hi=bullish		1.97	2.05
Sentiment:	put/call-CBOE	59	68
VIX>50-alltmlow=8.8		13.3	16.1
DeltaMSI-50%	MAC crossover	48%	55%
Advance/Dec-NYSE..		1968/1151	1003/2132
Weekly Net:		835	-1129
Cumulative:		170963	170128
Weekly	NYSE hi/low…	185/70	202/79
New Hi's/Low's	Nasdaq h/l	165/190	226/186
McClellan	Oscillator	-5	-49
McClellanSum	.+750/-1000	135	217
Newsletter	Inv.Intel -Bull	42.9	46.1
Surveys-Tues	Bear:-5yrs	23.8	23.1
Wed.	AAII  -Bull	23.7	25.5
	Bear	37.8	33.7
US$-WSJ		98.6	98.1
3-box rev	Bullish%-	61	63
US equity -ICI	Fund Flows	WeekLate	(3.7B)
MMF flows	Change in $B	(13.5B)	(6.2B)
MargDebt- top (300M)	monthly		AUG:
10-yr Tsy yield	hi= stock buying	1.74%	1.80%
2-yr Tsy Yield: Inflation		0.83%	0.84%
TIP (ETF)	Inflation	116.1	115.6

 

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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RALLY HO (?)