SAME OLD

Not much change over the mid-week Holiday. Indices were positive, breadth negative, Volume almost halved. The TIP did break down below 113, and short term Treasury rates jumped a bit.
Bull/Bear ratios still very strong on the Bull side, as investors pour $$ into ETFs now, mostly SPY.
Great interview of Burton Malkiel on this by Consuela Mack - Wealthtrack (PBS or .com).
Question is - which ends first?: Fed propping up the markets or Index fund Inflows, propping up weak as well as strong stocks in each Index.
Here are last week's numbers:

Date		7/7/2017	6/30/2017
Indices:	DJIA	21414	21349
	NAZ	6153	6140
	SPX	2425	2423
WklyVolume (Bshs).	naz/ny….	6.6/3.0*	10.7/4.4
Specul.Ratio hi=bullish		2.2	2.43
Sentiment:	put/call-CBOE	63	66
VIX>50-alltmlow=8.8		11.2	11.2
DeltaMSI-50%	MAC crossover	63.3	61.6
Advance/Dec-NYSE..		1418/1630	1688/1404
Weekly Net:		-212	284
Cumulative:		177925	178137
Weekly	NYSE hi/low…	229/96	297/57
New Hi's/Low's	Nasdaq h/l	164/107	314/104
McClellan	Oscillator	-11	0
McClellanSum	.+750/-1000	560	584
Newsletter	Inv.Intel -Bull	52.5	54.9
Surveys-Tues	Bear:-5yrs	18.8	18.6
Wed.	AAII  -Bull	29.6	29.7
	Bear	29.9	26.9
US$-WSJ		96	95.7
3-box rev	Bullish%-	73	72
US equity -ICI	Fund Flows	weeklate	(4.4B)
MMF flows	Change in $B	4.7B	4.2B
MargDebt- top (300M)	monthly		540
10-yr Tsy yield	hi= stock buying	2.39	2.5
2-yr Tsy Yield: Inflation		1.4	1.38
TIP (ETF)	Inflation	112.4	113.4

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

Subscribe in a reader

SAME OLD