Tuesday, January 3, 2017

SANTA CLAUS RALLY "SLAY RIDE"

Not a pretty week to end 2016, but it is in Xmas RED!!
With lower Holiday Volume, most Indicators showed the Old Ennui - UNCH. Exceptions were money flow reversal in MMFs (Money Markets), and margin debt - recorded monthly neared record highs. Could pressure any major decline with margin calls.

Date   12/30/2016 12/23/2016
Indices: DJIA  19762 19933
  NAZ  5383 5462
SPX  2238 2263
WklyVolume (Bshs). naz/ny…. 5.3/2.5 7.5/3.5
Specul.Ratio hi=bullish 2.12 2.14
Sentiment: put/call-CBOE  65 69
VIX>50-alltmlow=8.8 14 11.4
DeltaMSI-50% MAC crossover 68% 69%
Advance/Dec-NYSE.. 1223/1868 1815/1289
Weekly Net: -645 526
     Cumulative: 170545 171190
Weekly  NYSE hi/low… 228/6 314/68
New Hi's/Low's Nasdaq h/l 325/125 457/149
McClellan  Oscillator -8 9
McClellanSum .+750/-1000 462 466
Newsletter Inv.Intel -Bull N/A 59.8
Surveys-Tues Bear:-5yrs N/A 19.6
Wed. AAII  -Bull  45.6 44.6
Bear  25.7 29.2
US$-WSJ 102.4 102.9
3-box rev Bullish%-  70 70
US equity -ICI Fund Flows WeekLate 0
MMF flows Change in $B 15.9B (20.8B)
MargDebt- top (300M) monthly  500B
10-yr Tsy yield hi= stock buying 2.46% 2.54%
2-yr Tsy Yield: Inflation 1.22% 1.20%
TIP (ETF) Inflation 113.1 112.5

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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