Are equities going out of style?

Well they must be because institutions were buying them like they were! Cumulative ticks finished at close to........you guessed it, +100,000 again (90,000 to be exact)! They trended higher the whole day which was the big clue that it would be a trending day for the day traders. Internals finished strong yet again but not quite as strong as some of the last few sessions. Volume was significantly lower though on the SPY so perhaps, just perhaps, the bulls are beginning to run out of bullets (don't bet the house on it though).  I managed to close nearly all of my short delta positions save for 4 contracts of the short 690/700 Aug call spread on the RUT (this index has been a monster of late). The fact that the riskier indices like the NDX and the RUT are showing relative strength seems to confirm how much risk appetite is back in style. More thoughts later....