One reason is that so many $$ are going into Index ETFs, that it is lifting the bad/weak members of that Index along with the good, and could weaken the rally. Most Indicators below were Bullish, short term, except for the early week newsletter Bull/Bear ratios. Nasdaq Volume was strong, yet overall Volume down; stocks on BUY signals up; equity flows from MMFs good.
Have a Great New Years!!
| Date | 12/23/2016 | 12/16/2016 | |
| Indices: | DJIA | 19933 | 19843 |
| NAZ | 5462 | 5437 | |
| SPX | 2263 | 2258 | |
| WklyVolume (Bshs). | naz/ny…. | 7.5/3.5 | 11.0/6.2 |
| Specul.Ratio hi=bullish | 2.14 | 1.77 | |
| Sentiment: | put/call-CBOE | 69 | 58 |
| VIX>50-alltmlow=8.8 | 11.4 | 12.2 | |
| DeltaMSI-50% | MAC crossover | 69% | 70% |
| Advance/Dec-NYSE.. | 1815/1289 | 1045/2063 | |
| Weekly Net: | 526 | -1018 | |
| Cumulative: | 171190 | 170664 | |
| Weekly | NYSE hi/low… | 314/68 | 475/182 |
| New Hi's/Low's | Nasdaq h/l | 457/149 | 564/153 |
| McClellan | Oscillator | 9 | 4 |
| McClellanSum | .+750/-1000 | 466 | 403 |
| Newsletter | Inv.Intel -Bull | 59.8 | 59.6 |
| Surveys-Tues | Bear:-5yrs | 19.6 | 19.2 |
| Wed. | AAII -Bull | 44.6 | 44.7 |
| Bear | 29.2 | 32.3 | |
| US$-WSJ | 102.9 | 102.8 | |
| 3-box rev | Bullish%- | 70 | 71 |
| US equity -ICI | Fund Flows | WeekLate | 19.0B |
| MMF flows | Change in $B | (20.8B) | (3.9B) |
| MargDebt- top (300M) | monthly | 484B | |
| 10-yr Tsy yield | hi= stock buying | 2.54% | 2.59% |
| 2-yr Tsy Yield: Inflation | 1.20% | 1.26% | |
| TIP (ETF) | Inflation | 112.5 | 111.2 |
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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