Sentiment is certainly extended. II %bulls rose to 59.4% this week, and the bull-bear spread has reached the highest level since October 2018.
SentimenTrader observed that Trump's tweets about the stock market had reached a new record.
As well, Macro Charts pointed out that further analysis from SentimenTrader showed that option buy-to-open volume reached a record high for a second week in a row.
It certainly seems that the stock market is "cruisin' for a bruisin'".
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