My cumulative adv/dec total seems way overextended to new highs of 66,465 but the steady climb of A/D and New Hi's/Lo's is weakening, as is the Dollar. This past week the CBOE Equity put/call ratio spiked up to 60, which is Bullish, and the VIX jumped up aa point to 11.57 (10%). The Bullish percent has reached a toppy level of 74 (74% of stocks in the S&P500 on a BUY signal), and the Smith Barney Panic/Euphoria Index finally broke out of Panic at -0.27, but a +6 is needed for Euphoria.
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