EVERYTHING IS BEEEEAUTIFUL

So They (everyone) Say! The Trump Market will rise to at least 20,000 in the next 6 months! But not straight up. At a recent TSAA (technical analysts' society) annual luncheon, veteran analyst, teacher, and partner with Martin Pring -Bruce Fraser-, gave a talk on the markets. Although he did not say we were near a top, the charts he showed were convincing that a possible cessation might occur: a "Broadening top in the SPX looks to make a 5-wave triangle, and the Co-dependence of stocks to Bonds shows an offset top occurring.
The Investors' Intelligence Bull/Bear reached a 3 X Bull dominance (complacency) - a rarity! 59 to 19. Advance/Declines were 4 to 1 and New highs on the Nasdaq hit a record 700+ to 100. Also, the Volumes showed a large increase in NAS to NYSE (also speculative) The McClellan Oscillator hit +50 (my short term sell signal, which proved again today, at least for the NAS and SPX). We shall find out in the Fullness of Time.

Here are last week's numbers:

Date		12/9/2016	12/2/2016
Indices:	DJIA	19786	19170
	NAZ	5444	5255
	SPX	2259	2191
WklyVolume (Bshs).	naz/ny….	10.0/4.6	9.4/5.5
Specul.Ratio hi=bullish		2.17	1.71
Sentiment:	put/call-CBOE	53	61
VIX>50-alltmlow=8.8		11.8	14.1
DeltaMSI-50%	MAC crossover	64%	66%
Advance/Dec-NYSE..		2451/666	1026/2098
Weekly Net:		1785	-1075
Cumulative:		171682	169897
Weekly	NYSE hi/low…	676/94	462/178
New Hi's/Low's	Nasdaq h/l	788/120	536/144
McClellan	Oscillator	50	3
McClellanSum	.+750/-1000	345	110
Newsletter	Inv.Intel -Bull	58.8	56.3
Surveys-Tues	Bear:-5yrs	19.6	22.3
Wed.	AAII  -Bull	43.1	43.8
	Bear	26.5	25.1
US$-WSJ		101.6	100.3
3-box rev	Bullish%-	68	65
US equity -ICI	Fund Flows	WeekLate	2.8B
MMF flows	Change in $B	16.9B	13.9B
MargDebt- top (300M)	monthly	OCT.	n/a
10-yr Tsy yield	hi= stock buying	2.47%	2.39%
2-yr Tsy Yield: Inflation		1.14%	1.10%
TIP (ETF)	Inflation	112.8	113.1

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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EVERYTHING IS BEEEEAUTIFUL