Declining stocks posted a rara avis with over one thousand more declining on the NYSE than advancing - this sent the McClellan Oscillator down near the BUY area at minus 41, although its cumulative Summation is still above the healthy level of +1,000.
Bull/Bear newsletter surveys showed increasing complacency - Investors' Intelligence at a high 55% Bulls, and the AAII Bulls jumping from 38 to 49% week/week. Bears continue to hibernate. Both levels of Stocks on a Buy signal (Bullish %), and new highs remain strong.
Money flowing into ETFs (Exchange Traded Funds) continues to increase - even into Bonds. What appears dangerous is the recent reporting of Margin Interest: $384B- a new record, by my reckoning. Maybe it's "Different This Time" due to zero interest rates!
| Date> | 5/24/2013 | 5/17/2013 | |
| Indices: | DJIA | 15303 | 15354 |
| NAZ | 3459 | 3498 | |
| SPX | 1649 | 1667 | |
| WklyVolume (Bshs). | |||
| NASD/NYSE | 8.9/3.6 | 9.0/3.6 | |
| Specul.Ratio hi=bullish | 2.47 | 2.50 | |
| nasd/nyse | |||
| Sentiment: | put/call-CBOE | 62 | 53 |
| VIX>50-alltmlow=8.8 | 14.0 | 12.5 | |
| Advance/Dec-NYSE.. | 1089/2077 | 1865/1332 | |
| Weekly Net: | -988 | 533 | |
| Cumulative: | 153264 | 154252 | |
| Weekly | NYSE hi/low | 851/81 | 914/74 |
| New Hi's/Low's | Nasdaq h/l | 519/59 | 582/63 |
| McClellan | Oscillator | -41 | 16 |
| McClellanSum | .+750/-1000 | 1117 | 1192 |
| Newsletter | Inv.Intel -Bull:tues | 55.2 | 54.2 |
| Surveys | Bear:-5yrs | 18.8 | 19.8 |
| AAII -Bull :wed. | 49 | 38.5 | |
| Bear | 21.6 | 29.3 | |
| COT:Change w/w | large/small (net)k | 3/20 | 5/17 |
| CEOinsider | selling | 50:1 | 57:1 |
| 3-box rev | Bullish%- | 89 | 89nh |
| US equity -ICI | Fund Flows | 1weeklag | .1B |
| MMF flows | Change in $B | 19.5B | (1B) |
| MargDebt- top (300M) | monthly | 384nh | |
| ETF:Eqty/ | Int'l/Bond | 854/355/258 | |
| Assets in | Billion$$ . | ||
| 2-yr Tsy Yield: Inflation | 0.25% | 0.25% | |
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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