The latest Commitments of Traders report was released, covering positions through Tuesday
The 3-Year Min/Max Screen showed that "smart money" hedgers didn't move to any new extremes of note in the past week, just extended ones already in place, notably in corn and stock index futures. The story remains the same in stocks - it's extremely unusual for hedgers to buy more (or even hold) as stocks rise. Over the past decade, such a large long position has been an excellent buy signal for stocks. The only worrying thing is just how out of character it is now.