The 10 day CBOE Put/Call Ratio hit a low of 0.72 or so.
This is the lowest reading since Jan 2010.
Please keep an eye on this development.
Extremes in sentiment are at multi year extremes and as stated this week TRIN is also suggesting a pull back.
The market seems frothy.
We are also see a bit of divergent behaviour in NASDAQ Vs SPX.
This could be a bearish signal.
It looks like the 30 Yr Bond Yields in US may have topped for now.
Expect yields to drop now and bonds to rally (in price).
I am concerned about Silver and expect a pull back from $30.
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