Also #1 on the list of first quarter ETFs/stocks: the NUGT, which is 3 X the DGX ETF, or gold miner stocks. It was up 140% and is still rising. The huge Volatility cuts both ways - Up and Down, so it is quite dangerous, if not hedged . However, using my DITM (deep-in-the-money covered calls) lessens the risk.
Finally, another highly recommended choice - CEFs or Closed-End Funds (munis) -which I've owned and recommended for years, are both lucrative and relatively safe.
All of these could unwind (temporarily) When (not If) the stock market tanks - which is why I recommend another 2 X ETF - the TVIX, which "should" rise dramatically as stocks tank. Handle with Care!
Last week's extreme Sentiment Indicators were again mixed, with the 2-year Treas. dropping while the TIP hit new recent highs; the dollar is dropping - helping both gold and U S stocks overseas.
Here are the numbers:
Date> | 2016 | 4/8/2016 | 4/1/2016 |
Indices: | DJIA | 17576 | 17792 |
NAZ | 4850 | 4914 | |
SPX | 2047 | 2072 | |
WklyVolume (Bshs). | naz/ny…. | 8.6/4.5 | 8.4/4.5 |
Specul.Ratio hi=bullish | 1.97 | 1.87 | |
Sentiment: | put/call-CBOE | 68 | 64 |
VIX>50-alltmlow=8.8 | 15.4 | 13.1 | |
DeltaMSI-50% | MAC crossover | 74% | 71% |
Advance/Dec-NYSE.. | 1225/1958 | 2299/889 | |
Weekly Net: | -733 | 1410 | |
Cumulative: | 163243 | 163976 | |
Weekly | NYSE hi/low… | 277/47 | 376/31 |
New Hi's/Low's | Nasdaq h/l | 126/91 | 159/105 |
McClellan | Oscillator | -17 | 13 |
McClellanSum | .+750/-1000 | 940 | 1075 |
Newsletter | Inv.Intel -Bull | 45.4 | 43.3 |
Surveys-Tues | Bear:-5yrs | 27.8 | 28.9 |
Wed. | AAII -Bull | 32.2 | 27.2 |
Bear | 21.5 | 25.8 | |
US$-WSJ | 94.2 | 94.6 | |
3-box rev | Bullish%- | 76 | 79 |
US equity -ICI | Fund Flows | weekLate | (3.7B) |
MMF flows | Change in $B | (26.7B) | 13.9B |
MargDebt- top (300M) | monthly | 436B | |
2-yr Tsy Yield: Inflation | 0.70% | 0.74% | |
TIP (ETF) | Inflation | 116 | 114.7 |
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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