Dr. Wish

The put/call ratio is suggesting extreme bearishness among option traders. A reading larger than 1.1 generally leads to a bottom or at least a bounce. Much of the decline may be a reaction to falling bonds and higher interest rates, reflected in the continuing decline in TLT.

20 yr treasury bonds continue to weaken.

The GMI-2 is a collection of my most sensitive indicators. They are suggesting weakness in growth stocks. In spite of this weakness, ZAGG held its green line on Monday and closed at an all-time high.