We are seeing odd levels of bullish persuasion inward the CBOE equity put-call ratio, with the lowest degree of seat buying relative to telephone telephone purchases since the marketplace rally began. Indeed, the fantabulous SentimenTrader site reports that nosotros haven't seen such bullish options persuasion since 2000, which marked a really of import stock marketplace peak.
Meanwhile, nosotros saw 301 novel 52-week highs alongside NYSE mutual stocks, equally reported yesteryear Decision Point, precisely that is downwardly from levels reached concluding week. When bullish persuasion cannot interpret into incremental marketplace strength, that turns me cautious.
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