The big picture: Traders are going all-in, MAX long. $SPX Calls-Puts Value Traded is near an all-time high. My base case: expect more volatility this year that grinds down both bulls and bears.

@dailychartbook @DualityResearch @AugurInfinity @EricSoda @BlakeMillardCFA @neilksethi @Todd_Sohn @AlfCharts @HostileCharts @matthew_miskin @mattcerminaro Thank you 😀

Short Interest in China remains extremely high. Chinese stocks are hated. Meanwhile, Chinese tech stocks just entered bull market territory…

Some investors are afraid. AAII Bears jumped to 42.9%, highest since Nov. 2023 This is highly unusual with the S&P 500 just 1% from an all-time high. This happened only ~3 times before: May 2007, April 2013, and August 2020.

@allstarcharts Meanwhile, $SLV silver short interest. Warning signs for short sellers in precious metals:

S&P 500 forward returns when VIX's Daily Sentiment Index was this high

@moulayalilaraki INDA for large caps, SMIN for small caps

As we gear up for the week ahead, here are some of the most insightful people I follow. If you’re not following them yet, you’re missing out! @FrankCappelleri @ThePivotKing @market_sleuth @Namzes_G @CyclesFan @1TraderZ @allstarcharts @Callum_Thomas @SethCL @RyanDetrick @dailychartbook @TheChartReport @Jedi_ant @JasonP138 @ISABELNET_SA @CiovaccoCapital @MacroOps

$TLT short interest now at a RECORD high:

@cfromhertz Not surprising, considering how undervalued gold miners are. Great chart from @GarrettGoggin

@market_sleuth

@InfTradeSPY Furthest this data series goes is as of 2005. Sorry. Nothing special between 2005-2007 (neither incredibly high, nor incredibly low).

Look at the big picture: The S&P 500 is up 12 out of the past 15 months, gaining more than +40% Historically, the S&P fell over the next month 64% of the time. Expect more volatility in the future.

@allstarcharts Also, large outflows from Chinese equity ETFs. Investors chasing at the top, and dumping at the bottom

@allstarcharts So many bears out there JC!

A bullish sign for energy: $XLE (energy sector ETF) saw -$1.8 billion in outflows over the past month. This is the largest outflow since $XLE bottomed in June 2023.

@JC_GetRichSlow

@JohnGra02544739