Today's chart of the day focuses on AAII Sentiment also known as opinion of retail investors. This weeks reading came in showing 49% bulls and 17% bears. Now, the spread came in at 32, which according to my chart is now extreme territory. On top of that, 17% bears one of the lowest bearish readings in over half a decade.
Mix this information with large amount of Call buying in the last several days according to both ISE and CBOE; and than add the January correction effect - which usually seasonality wise occurs mid month - and you got yourself a cocktail to worry about. While this might not spell trouble, it does spell c-a-u-t-i-o-n.