Exhaustion Watch & Option Flows

The Institutional Holdings portfolio seemed to have peaked when you look at it from the actual positions market participants have taken in the Options market.

Our exhaustion watch aslo highlights the group of Tickers that seem ripe for a change. The group is relatively large. We only looked at Tickers with some kind of extreme readings and there are a lot.
Bottom line:

Mr. Market needs a break from the bullishness and it will at least be a correction.....