CPC Put/Call Ratio Daily Chart Signals Significant Market Top

The CPC put/call slips downwards into the 0.7's and lower again signaling a significant market top at hand due to the complacency and fearlessness.  The bullish euphoria is clearly evident in Friday's late-day orgy. The central bankers keep the bullish party alive but the negativity is stacking up. The NYMO, SPXA150R, BPSPX and CPC all signal a significant market top occurring right now. The prudent approach is to take profits on the long side and 'git outta Dodge, while the gittin' is good'.

For traders that typically do not like to short the market, either learn fast, or, exit longs and let that cash sit idle for the coming days and perhaps a few weeks. Cash is a position, do not let anyone tell you otherwise. Bringing on long plays in the stock market is not attractive until the CPC prints above 1.20. This identified the mid-November bottom that initiated the current market rally. The April low was near 1.20 that identified the recent bottom but the CPC moves up to 1.20, barely, over the last few months, are cheesy.  A true correction has not occurred in markets since the May 2012 selloff, one year ago.  Watch your wallet. Bring on downside protection. Type 'CPC' into the search box to the right to bring up prior put/call charts for further study. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.