Weak Week

There is a basic Technical rule that historically !!! the last day and the first four days of the month are positive for the market, as people get paid, especially around Income tax time. This was true...until Friday. Weekly Sentiment Indicators looked fairly benign for the week - surveys take place Tues. and Wed.- although the relative extremes were still high - Insider Selling (Board,Officers) since December; margin interest a new record, although low rates and the Fed Put option help this ongoing fact.

High on the radar is the Presidential four-year cycle, with 2014 being the mid-election year, where markets have dipped a minimum of 9% without fail for several decades. Barron's had an article that especially May and (even worse) June proved the "Sell in May" adage. The past two days seem to verify players coming in early, like HFTs!

Although weekly breadth (hurt by Friday) remained strong, low VIX and high Nas Volume warned.

Here are the numbers (more at: http://www.examiner.com/stock-market-in-san-francisco/brent-leonard)

Date>		4/4/2014	3/28/2014
Indices:	DJIA	16412	16323
	NAZ	4127	4155
	SPX	1865	1857
WklyVolume (Bshs).	naz/ny	10.9/3.6	11.4/3.6
Specul.Ratio hi=bullish		3.03	3.17
Sentiment:	put/call-CBOE	56	61
VIX>50-alltmlow=8.8		13.9	14.4
Advance/Dec-NYSE..		2130/1063	1485/1713
Weekly Net:		1067	-228
Cumulative:		158380	157313
Weekly	NYSE hi/low	389/30	213/64
New Hi's/Low's	Nasdaq h/l	258/103	161/110
McClellan	Oscillator	-10	-10
McClellanSum	.+750/-1000	837	768
Newsletter	Inv.Intel -Bull:tues	50.5	54.7
Surveys	Bear:-5yrs	18.6	17.5
	AAII  -Bull :wed.	35.4	31.2
	Bear	26.8	28.6
COT:SPX w/w	large/small (net)k	9k/21k	7k/24k
COT:gold  comm.hedg	long-short.000	(114k)	(127k)
CEOinsider	selling	34:1	25:1
off.&bd b/s.vs.	10% holder b/s	175:30	200:40
3-box rev	Bullish%-	74	72
US equity -ICI	Fund Flows	WeekDelay	(.2B)
MMF flows	Change in $B	(13.2B)	(3.2B)
MargDebt- top (300M)	monthly	FEB.	466B
ETF:mthlyEqty/	Int'l/Bond-$B	FEB.	1035/397/266
2-yr Tsy Yield: Inflation		0.42%	0.45%

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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Weak Week