After Friday's decline, the CBOE equity put/call ratio moved toward levels that bring been normal for the bull market, simply hardly showed bearishness. Indeed, nosotros tin meet the extreme bullish stance that accompanied the market's recent run up.
Meanwhile, the AAII poll of trader stance shows bears at 30%, the lowest reading since the get-go quarter of 2008. According to the Investor's Intelligence survey, 51% of participants are bullish, 19% bearish. Readings of less than 20% bring tended to happen at intermediate-term marketplace position tops; the terminal such reading occurred early on inwards January.
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