There are two notable extremes popping up in the U.S. Stock Market.

Rydex Bearish Assets are at an all time low.  Chart via @JLyonsFundMgmt

rydex

Investor Intelligence bulls are at all time highs.  Chart via @CharlieBilello

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There are not a lot of great entries in the market right now and that tends to happen when the market is ‘full’.  These data points only back up that assertion.

It’s not a bad idea for long-only traders to just take some time away from the screens.