OptionFlows for Institutional Holdings Chart shows nicely a negative Divergence (top Chart) which is primarily driven by a dearth of bear bets (flows, see red line bottom chart)
Momo is still OVERBOUGHT, but we see a substantial deterioration in the MoneyFlows.
The Precious Metals are showing a very similar picture. We have a neg Div and extinct bears.
MOMO is still weakening and still seems to have some way to the downside. On the other side we see a higher low in the Money Flows which is positive.
The story in TECH is also close to the one described above.
...look also at the Money Outflows in Tech
Nobody dared to bet against the banks (red line bottom chart), but nonetheless they seem ripe.
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