The key one - McClellan Oscillator dropped farther below the, -50 benchmark, to -77; its concomitant Summation now minus 535. The AAII (Individual Investor) Bears at 45% to only 17% Bulls, a contrary sign. Both Advance/Declines and New Lows to Highs were huge last week.
Finally, the CBOE put/call option ratio was at a very high 93level. 21st C. highs were just above that from Nov. of '08.
Despite many global excuses for a flat 2015 and a poor start this year, the main culprit is probably the Rehab from the Fed's addicting the markets with huge debt buying - the Fed PUT. Sort of like the housewife who said "I cannot be broke - I still have checks left!!"
Here are the numbers:
| Date> | 2016 | 1/15/16 | 1/8/2016 |
| Indices: | DJIA | 15988 | 16346 |
| NAZ | 4488 | 4643 | |
| SPX | 1880 | 1922 | |
| WklyVolume (Bshs). | naz/ny…. | 12.2/6.1 | 11.0/5.3 |
| Specul.Ratio hi=bullish | 2 | 2.08 | |
| Sentiment: | put/call-CBOE | 93 | 80 |
| VIX>50-alltmlow=8.8 | 27 | 27 | |
| Advance/Dec-NYSE.. | 461/2756 | 725/2502 | |
| Weekly Net: | -2295 | -1777 | |
| Cumulative: | 156038 | 158333 | |
| Weekly | NYSE hi/low… | 46/1283 | 162/665 |
| New Hi's/Low's | Nasdaq h/l | 33/1025 | 67/546 |
| McClellan | Oscillator | -78 | -66 |
| McClellanSum | .+750/-1000 | -535 | -178 |
| Newsletter | Inv.Intel -Bull | 28.6 | 34.7 |
| Surveys-Tues | Bear:-5yrs | 35.7 | 31.6 |
| Wed. | AAII -Bull | 17.9 | 22.2 |
| Bear | 45.6 | 38.3 | |
| US$-WSJ | 99 | 98.5 | |
| CEOinsider | selling | Finance | |
| 3-box rev | Bullish%- | 27 | 36 |
| US equity -ICI | Fund Flows | WeekLate | (3.9B) |
| MMF flows | Change in $B | 7.9B | (24.4B) |
| MargDebt- top (300M) | monthly | 473B | |
| 2-yr Tsy Yield: Inflation | 0.85% | 0.93% | |
| TIP (ETF) | Inflation | 110.2 | 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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