Over the year end break fund flows from MMFs reversed from $16B Inflows to #11B Outflows in January's first week. Per Schwab's great Research team, last year saw the greatest exit from equity mutual funds in a decade, mostly into ETFs (probably Index).
Sentiment wise, the Bulls are running, for the I I and the AAII, with Investors' Intelligence just over 60. This overconfidence might not bode well for the immediate future. All else seems normal:
| Date | 1/6/2017 | 12/30/2016 | |
| Indices: | DJIA | 19963 | 19762 |
| NAZ | 5521 | 5383 | |
| SPX | 2277 | 2238 | |
| WklyVolume (Bshs). | naz/ny…. | 7.2/3.6 | 5.3/2.5 |
| Specul.Ratio hi=bullish | 2 | 2.12 | |
| Sentiment: | put/call-CBOE | 67 | 65 |
| VIX>50-alltmlow=8.8 | 11.3 | 14 | |
| DeltaMSI-50% | MAC crossover | 69.8 | 68% |
| Advance/Dec-NYSE.. | 2369/724 | 1223/1868 | |
| Weekly Net: | 1645 | -645 | |
| Cumulative: | 172190 | 170545 | |
| Weekly | NYSE hi/low… | 360/27 | 228/6 |
| New Hi's/Low's | Nasdaq h/l | 362/67 | 325/125 |
| McClellan | Oscillator | 21.4 | -8 |
| McClellanSum | .+750/-1000 | 577 | 462 |
| Newsletter | Inv.Intel -Bull | 60.2 | 60.2 |
| Surveys-Tues | Bear:-5yrs | 18.4 | 18.4 |
| Wed. | AAII -Bull | 46.2 | 45.6 |
| Bear | 25.2 | 25.7 | |
| US$-WSJ | 103 | 102.4 | |
| 3-box rev | Bullish%- | 72 | 70 |
| US equity -ICI | Fund Flows | WeekLate | 0.7B |
| MMF flows | Change in $B | (11.3B) | 15.9B |
| MargDebt- top (300M) | monthly | 500B | November |
| 10-yr Tsy yield | hi= stock buying | 2.42 | 2.46% |
| 2-yr Tsy Yield: Inflation | 1.21 | 1.22% | |
| TIP (ETF) | Inflation | 113.5 | 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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