Monday, October 17, 2016

ELECT THIS!!

I recently read that they hold Elections in November because that is when the turkeys are picked for Thanksgiving! Technical Analysis says that if the incumbent party is to be re-elected, the market rises into November - so far, not too good for Hilary.

Last week was a definite SOW ( Sign Of Weakness in Wyckoff terms) for the stock market. Breadth was terrible, and the Dollar was stronger - hurting Int'l companies.

Here are the numbers:

Date>   10/14/2016 10/7/2016
Indices: DJIA  18138 18240
  NAZ  5214 5292
SPX  2132 2153
WklyVolume (Bshs). naz/ny…. 8.0/3.9 8.3/4.5
Specul.Ratio hi=bullish 2.05 1.84
Sentiment: put/call-CBOE  68 62
VIX>50-alltmlow=8.8 16.1 13.5
DeltaMSI-50% MAC crossover 55% 60%
Advance/Dec-NYSE.. 1003/2132 1076/2047
Weekly Net: -1129 -971
     Cumulative: 170128 171257
Weekly  NYSE hi/low… 202/79 222/56
New Hi's/Low's Nasdaq h/l 226/186 283/127
McClellan  Oscillator -49 -42
McClellanSum .+750/-1000 217 437
Newsletter Inv.Intel -Bull 46.1 46.7
Surveys-Tues Bear:-5yrs 23.1 22.8
Wed. AAII  -Bull  25.5 28.8
Bear  33.7 27.9
US$-WSJ 98.1 96.5
3-box rev Bullish%-  63 67
US equity -ICI Fund Flows WeekLate (8.8B)
MMF flows Change in $B (6.2B) (25B)
MargDebt- top (300M) monthly  AUG: 471B
10-yr Tsy yield hi= stock buying 1.80% 1.72%
2-yr Tsy Yield: Inflation 0.84% 0.83%
TIP (ETF) Inflation 115.6 116.6

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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