USA - Technically Speaking: Market Bulls Are 'All-In' Again

• Since the Fed intervened in March, investor sentiment has gotten run back up to extremes despite the economy remaining amid a deep recession.
• Both the Technical and market positioning "Fear/Greed" gauges have moved back into more extreme territory following the brief September decline. This is even though "stimulus" remains elusive, the Fed is on the sidelines, and economic growth has begun to disappoint, as noted by the Economic Surprise Index.
• Currently, equity allocations of professional investors are back to full weightings. While such doesn't mean the markets are about to crash, more often than not, their "bullishness" has tended to be an excellent short-term "contrarian" indicator.

For further details see: