The Dow, Biotech and Junk bonds are all still flirting with double tops and are unresolved at the time of writing, though JNK has been the most repelled (Stockcharts):
In the last two weeks before yesterday, all the gains in SPY came out of hours (Fat-Pitch).
The best performing sector of the last two weeks was Utilities, in line with the YTD (Macromon).
Volatility reached new lows, and suggests complacency which occurred into and around previous peaks (J Lyons):
Rydex bull/bear assets at the end of yesterday are back up to near 12x levels, on a par with the 2000 peak and all-time extremes.
Investors Intelligence percentage bears is down to 13, on a par with the 1980s lows:
The Sornette bubble end flag has dropped to zero (Financial Crisis Observatory):
If July wasn’t the final peak, then the Sornette bubble should rise again and flag at a higher intensity in the future.
Evidence in support of the speculation/solar maximum being around March time and behind us comes from the current peak margin debt reading and the first of the double tops in biotech, but also seen here in peaks in social media, commodities, Russell 2000 and Nasdaq advance-declines: