Sentiment extremes last week include records (at least recent ones) in the 2-year Treasury yield of 0.43%; commercials are also selling gold bigtime - whether it is hedging or bailing, one never knows.
The S&P 500 (SPX) futures large traders are long, but small traders remain short. Most other Sentiment Indicators reverted to the mean last week - Bull/Bear surveys, VIX, CBOE put/call ratio, et.al. See below:
| Date> | 3/21/2014 | 3/14/2014 | |
| Indices: | DJIA | 16302 | 16065 |
| NAZ | 4276 | 4245 | |
| SPX | 1866 | 1841 | |
| WklyVolume (Bshs). | naz/ny | 10.5/4.4 | 11.2/3.3 |
| Specul.Ratio hi=bullish | 2.39 | 3.39nh | |
| Sentiment: | put/call-CBOE | 57 | 67 |
| VIX>50-alltmlow=8.8 | 15 | 17.8 | |
| Advance/Dec-NYSE.. | 1940/1258 | 1196/2006 | |
| Weekly Net: | 682 | -810 | |
| Cumulative: | 157541 | 156859 | |
| Weekly | NYSE hi/low | 337/65 | 240/90 |
| New Hi's/Low's | Nasdaq h/l | 350/59 | 293/57 |
| McClellan | Oscillator | -12 | -29 |
| McClellanSum | .+750/-1000 | 897 | 938 |
| Newsletter | Inv.Intel -Bull:tues | 52 | 55.1 |
| Surveys | Bear:-5yrs | 17.4 | 17.4 |
| AAII -Bull :wed. | 36.8 | 41.3 | |
| Bear | 26.1 | 26.8 | |
| COT:SPX w/w | large/small (net)k | 9k/(31k) | |
| COT:gold comm.hedg | long-short.000 | (146k)nh | (125k)nh |
| CEOinsider | selling | 25:1 | 76:1 |
| off.&bd b/s.vs. | 10% holder b/s | 140:50 | 150:60 |
| 3-box rev | Bullish%- | 76 | 75 |
| US equity -ICI | Fund Flows | WeekDelay | 1.9B |
| MMF flows | Change in $B | (31B) | (2B) |
| MargDebt- top (300M) | monthly | ||
| ETF:mthlyEqty/ | Int'l/Bond-$B | ||
| 2-yr Tsy Yield: Inflation | 0.43% | 0.35% | |
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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