Normally I use this Facebook space for my Monday stock market Sentiment indicators, but from now on I'll just refer to the numbers at: www.mktsentiment.blogspot.com and save space in the ether.
That said, both breadth (advances/declines, etc.) and sentiment were Bullish last week, with my new Indicator - Delta MSI- hitting 61%. The VIX dropped to 14 ( I strongly recommend hedging one's portfolio with the TVIX, now at its baseline low @$5. It will come in handy if/when the market tanks again. TIPs hit 113 last week, a sigh of Inflation, but no worry at present. 123 was the 2012 high. A recent surge of $40B came out of MMFunds last week.
Coincidence #2: when I started my investment strategy of DITM (deep-in-the-money) covered calls in 2009 (wrote a book - Zero-Intolerance- in 2010) it was two months into a new Bull market in stocks - not the best environment for the plan. However, it has done well in this Zero.Negative Rate time, and is now poised to be the right plan for the coming months - high Volatility, lower stock prices, higher dividends, etc.
I just received an email from a colleague from the SF Options Group that he is giving a presentation on DITM at the Baraban Roundtable on the peninsula.
| Date> | 2016 | 3/18/2016 | 3/11/2016 |
| Indices: | DJIA | 17602 | 17213 |
| NAZ | 4795 | 4748 | |
| SPX | 2049 | 2022 | |
| WklyVolume (Bshs). | naz/ny…. | 9.6/6.3 | 9.5/5.3 |
| Specul.Ratio hi=bullish | 1.52 | 1.79 | |
| Sentiment: | put/call-CBOE | 66 | 70 |
| VIX>50-alltmlow=8.8 | 14 | 16.5 | |
| DeltaMSI-50% | MAC crossover | 61% | 58% |
| Advance/Dec-NYSE.. | 2271/907 | 2087/1104 | |
| Weekly Net: | 1364 | 983 | |
| Cumulative: | 163624 | 162260 | |
| Weekly | NYSE hi/low… | 248/37 | 203/28 |
| New Hi's/Low's | Nasdaq h/l | 146/147 | 104/110 |
| McClellan | Oscillator | 60 | 73 |
| McClellanSum | .+750/-1000 | 917 | 682 |
| Newsletter | Inv.Intel -Bull | 44.4 | 39.4 |
| Surveys-Tues | Bear:-5yrs | 30.3 | 35.4 |
| Wed. | AAII -Bull | 30 | 37.4 |
| Bear | 26.9 | 24.4 | |
| US$-WSJ | 95.1 | 96.2 | |
| 3-box rev | Bullish%- | 76 | 74 |
| US equity -ICI | Fund Flows | (.2B) | weekLate |
| MMF flows | Change in $B | (40B) | (1.2B) |
| MargDebt- top (300M) | monthly | ||
| 2-yr Tsy Yield: Inflation | 0.84% | 0.95% | |
| TIP (ETF) | Inflation | 113.6 | 111.9 |
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
Subscribe in a reader
No comments:
Post a Comment