We've got some interesting ownership data points coming this week with the latest institutional holdings updates due by Friday. So far so good with Meditor, Blackrock, and Vanguard reporting adding shares during the period (and TRowe Price holding steady). My back of the napkin estimate is currently at 91% institutional holdings (168M). Should be interesting to see if anyone lightened up unexpectedly.
The other interesting data point to a lesser degree is the latest short interest update due out Monday. If the trend of a slowly shrinking short position continues, it would be easy to speculate we are in the process of slowly unwinding the giant short hedge. This would be IMO, a very very positive sign.