Overbought/Overheated measures continue to pile up. Equity P/C back to November 21 levels last week. Manager stock exposure above its level @ $SPX high. NYSE % > 50DMA got above 80 where it's topped out the past couple of years. $SPY may have some room to squeeze out some last… pic.twitter.com/MTkrHlHWOg

— Andrew Adams CFA, CMT (@DayTraderGator) July 16, 2023

INVESTORS LONG S&P WOULD BE NUTS NOT BUY PROTECTION AT THESE PRICES
Protecting S&P 500 with 1 m 5% OTM puts now costs less than 30bps. Provides minimal drag on performance (last 4 m) with great protection – Oct 2022 and Apr 2020
Sleep easier while riding the crazy bull market. pic.twitter.com/qsrViT5vQy

— SuperMacro (@super_macro) July 15, 2023