The stock market painted a different picture depending on the index we are looking at. The famous techs continued to be favored whereas the bulk of the market declined as pointed out by the advance/decline : 1479 stocks advanced compared to 2418 that settled down. It looks like air is getting thinner. Again, in the option market, traders are more and more willing to take again risks by buying calls to play the upside of the market. Investor’s complacency is reappearing again in this market, not really a good sign.
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