For the first time, my newly added Sentiment Indicator, the Delta SMI, went below 50, a Bearish sign for rising stocks; also new, the Nasdaq New Lows beat New Highs for the week. Stocks were actually slightly UP on the week, but on Low Volume, a technical divergence. Normally this time of year stocks start a rally into February, but the outlook for Bonds does not look good as rates start to climb higher (Prices lower).
Here are the results:
| Date> | 10/21/2016 | 10/14/2016 | |
| Indices: | DJIA | 18145 | 18138 |
| NAZ | 5257 | 5214 | |
| SPX | 2141 | 2132 | |
| WklyVolume (Bshs). | naz/ny…. | 7.7/3.9 | 8.0/3.9 |
| Specul.Ratio hi=bullish | 1.97 | 2.05 | |
| Sentiment: | put/call-CBOE | 59 | 68 |
| VIX>50-alltmlow=8.8 | 13.3 | 16.1 | |
| DeltaMSI-50% | MAC crossover | 48% | 55% |
| Advance/Dec-NYSE.. | 1968/1151 | 1003/2132 | |
| Weekly Net: | 835 | -1129 | |
| Cumulative: | 170963 | 170128 | |
| Weekly | NYSE hi/low… | 185/70 | 202/79 |
| New Hi's/Low's | Nasdaq h/l | 165/190 | 226/186 |
| McClellan | Oscillator | -5 | -49 |
| McClellanSum | .+750/-1000 | 135 | 217 |
| Newsletter | Inv.Intel -Bull | 42.9 | 46.1 |
| Surveys-Tues | Bear:-5yrs | 23.8 | 23.1 |
| Wed. | AAII -Bull | 23.7 | 25.5 |
| Bear | 37.8 | 33.7 | |
| US$-WSJ | 98.6 | 98.1 | |
| 3-box rev | Bullish%- | 61 | 63 |
| US equity -ICI | Fund Flows | WeekLate | (3.7B) |
| MMF flows | Change in $B | (13.5B) | (6.2B) |
| MargDebt- top (300M) | monthly | AUG: | |
| 10-yr Tsy yield | hi= stock buying | 1.74% | 1.80% |
| 2-yr Tsy Yield: Inflation | 0.83% | 0.84% | |
| TIP (ETF) | Inflation | 116.1 | 115.6 |
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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