BLACK FRIDAY MATTERS

Making America Great again - record sales from retail stores last week, especially electronics (gamers?). The downside to technology cutting costs (and employment) from factories to farms, is (just like outsourced workers) that they do not CONSUME !! If we bring back jobs to U S, some things may cost more, but workers will be spending $$ that they earn here.
Another record set last week - back-to-back new highs in all four major stock markets - something that has not happened since....December 31, 1999 " A Year That Will Go Down..."
Another sodden fact: from Jason Trennert on Wealthtrack - 50% of the national Debt, which is now HUGE, will rollover within three years, just as rates are starting to rise!!
There has never been a year after a two-term President that a Recession has NOT occurred.

Sentiment Indicators are all Bullish, but getting extended - Breadth and Sentiment.
The Trend is your Friend Until it Bends at the End!!

Here are the Sentiment numbers:

Date		11/25/2016	11/18/2016
Indices:	DJIA	19152nh	18868
	NAZ	5398	5321
	SPX	2213	2181
WklyVolume (Bshs).	naz/ny….	6.0/3.0*	10.4/4.9
Specul.Ratio hi=bullish		2	2.12
Sentiment:	put/call-CBOE	60	60
VIX>50-alltmlow=8.8		12.3	12.9
DeltaMSI-50%	MAC crossover	64%	58%
Advance/Dec-NYSE..		2454/662	1982/1149
Weekly Net:		1792	833
Cumulative:		170972	169180
Weekly	NYSE hi/low…	451/69	450/355
New Hi's/Low's	Nasdaq h/l	628/84	680/135
McClellan	Oscillator	59	22
McClellanSum	.+750/-1000	34	-182
Newsletter	Inv.Intel -Bull	55.9	51
Surveys-Tues	Bear:-5yrs	21.6	23.5
Wed.	AAII  -Bull	49.9	46.7
	Bear	22.1	26.6
US$-WSJ		101.5	101.3
3-box rev	Bullish%-	63	61
US equity -ICI	Fund Flows	WeekLate	23.2B
MMF flows	Change in $B	18.8B	3.3B
MargDebt- top (300M)	monthly	501B
10-yr Tsy yield	hi= stock buying	2.36%	2.36%
2-yr Tsy Yield: Inflation		1.12%	1.07%
TIP (ETF)	Inflation	113.1	112.2

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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BLACK FRIDAY MATTERS