The Investors Intelligence Sentiment Poll is nearing extremes and has me on the cautious side. Seems to me any upside from here may be limited. I've highlighed the past two times we've gotten to this level over the last two years.
$BPSPX - Clearly in the overbought red zone.
$BPNYA - Not as overbought as the S&P but its nearing an area where we normally see pullbacks/pauses.
$AAPL - Looks like a potential inverse head and shoulders. Breakout and hold above the neckline would confirm this pattern. Holding that 50 day would be a good start.
$AFCE - Watch for a break above the 50 day.
$MEOH - Nice consolidation.
$RUTH - This one should continue to the upside, market willing.
$TXRH - Another restaurant which looks prime for more upside.