Tuesday, December 27, 2016

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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Thursday, December 22, 2016

'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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Monday, December 19, 2016

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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Monday, December 12, 2016

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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Monday, December 5, 2016

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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Monday, November 28, 2016

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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Monday, November 21, 2016

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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Monday, November 14, 2016

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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Monday, November 7, 2016

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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Monday, October 31, 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


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Monday, October 24, 2016

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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