Monday, August 1, 2016

DOG DAYS OF AUGUST

August, for the past 20 years at least, has been the worst month for stocks of the 12, with Sept. not far behind. No wonder investors head for the hills or beaches. Expect Volatility.

Last week saw mixed markets - the DJIA was DOWN, the SPX (500) was FLAT, and the Nasdaq was UP! Sentiment was pretty much like last week. zzzzzzzzzzzzzzz

Here are the numbers:

Date>   7/29/2016 7/22/2016
Indices: DJIA  18431 18570
  NAZ  5162 5100
SPX  2173 2175
WklyVolume (Bshs). naz/ny…. 9.8/4.7 8.6/3.8
Specul.Ratio hi=bullish 2.09 2.26
Sentiment: put/call-CBOE  67 63
VIX>50-alltmlow=8.8 11.9 12
DeltaMSI-50% MAC crossover 74% 76%
Advance/Dec-NYSE.. 1729/1406 1986/1151
Weekly Net: 323 835
     Cumulative: 172003 171680
Weekly  NYSE hi/low… 603/33 510/19
New Hi's/Low's Nasdaq h/l 401/89 340/90
McClellan  Oscillator -4 17
McClellanSum .+750/-1000 1228 1256
Newsletter Inv.Intel -Bull 53.9 54.4
Surveys-Tues Bear:-5yrs 21.6 23.3
Wed. AAII  -Bull  31.3 35.4
Bear  28.4 26.7
US$-WSJ 97.4
3-box rev Bullish%-  75 74
US equity -ICI Fund Flows WeekLate (8.2B)
MMF flows Change in $B 0 (5.6B)
MargDebt- top (300M) monthly  447B JUNE
10-yr Tsy yield hi= stock buying 1.50% 1.57%
2-yr Tsy Yield: Inflation 0.68% 0.72%
TIP (ETF) Inflation 116.4 116.1


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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