Ryan Yamada

Dumb money indicator moves to bullish extremes.

Maybe so. As the "less dumb money" that has been trying with limited success to short the market, on and off, since about April, I definitely feel like "dumb money". I made money today, as did just about all bears, but it bears remembering to not fight whatever trend/range consolidation phase we're in. OpEx week is not, in my mind, useful data to test whether we've broken out of this sideways range.