Thanks to strong defenses, Peyton Manning looked more like Bradley Manning, and Cam the Avatar looked like a deer in the headlights. Half time was much better to watch.
Back to the Dow(n) Jones. DIA and SPX down 14% from their 2015 highs (where's the FED?).
For weeks now I've been touting the TVIX as a hedge (a 3X VIX ETF that goes up when stocks drop) . It has doubled from 6 to 12 just this year ($6 to 12); in last Sept.'s market drop it went to $20!! (No guarantees). Then the VIX went above 50 (now at 28).
Another triple-strength ETF I've held thru thick and thicker, is the NUGT - 3X the GDX gold miners. That has gone from @$20 this year to $48, and was $150 last May on a Gold Spike. Volatility in the options (IV) is huge, so you should sell them not buy them (sell puts, or covered calls, both of which I've done).
Another extreme recently - the 2-year Treas. note went from a recent high yield of 1.06% to today's 0.66% in a rush to safety. Last week the CBOE put/call was high at 78 and the Bull/Bear surveys inverted to Bearish (ON the market), but that did not help stocks today. Nasdaq New Lows were 10:1 last week.
Here are the numbers:
| Date> | 2016 | 2/5/2016 | 1/29/2016 |
| Indices: | DJIA | 16204 | 16466 |
| NAZ | 4363 | 4613 | |
| SPX | 1880 | 1940 | |
| WklyVolume (Bshs). | naz/ny…. | 11.2/5.6 | 10.8/5.9 |
| Specul.Ratio hi=bullish | 2 | 1.83 | |
| Sentiment: | put/call-CBOE | 78 | 64 |
| VIX>50-alltmlow=8.8 | 23.4 | 20.2 | |
| Advance/Dec-NYSE.. | 1072/2133 | 2370/845 | |
| Weekly Net: | -1061 | 1525 | |
| Cumulative: | 157091 | 158152 | |
| Weekly | NYSE hi/low… | 197/378 | 96/253 |
| New Hi's/Low's | Nasdaq h/l | 54/464 | 45/389 |
| McClellan | Oscillator | 15 | 58 |
| McClellanSum | .+750/-1000 | -560 | -725 |
| Newsletter | Inv.Intel -Bull | 34 | 29.2 |
| Surveys-Tues | Bear:-5yrs | 38.1 | 35.4 |
| Wed. | AAII -Bull | 27.6 | 29.8 |
| Bear | 34.7 | 40 | |
| US$-WSJ | 97 | 99.6 | |
| 3-box rev | Bullish%- | 38 | 33 |
| US equity -ICI | Fund Flows | WeekLate | (6.2B) |
| MMF flows | Change in $B | (4.2B) | 13.8B |
| MargDebt- top (300M) | monthly | DEC. | 461B |
| 2-yr Tsy Yield: Inflation | 0.73% | 0.78% | |
| TIP (ETF) | Inflation | 111.4 | 111.4 |
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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