Tuesday, July 16, 2013
CPCE CBOE Options Put/Call Ratio Daily Chart Signals Market Top
The bulls pop the champagne corks and signal the all-clear for perpetual market upside as the Fed shows up at the party with an ample supply of crack cocaine easy money. It did not take long for complacency to reenter markets. As shown by the CPCE, the bulls have no fear or worry, markets will simply go up forever. The CPCE is a contrarian indicator, thus, since traders are complacent and worry free, it is best to look at the short side rather than the long side moving forward. The put/call is at multi-month low levels and only surpassed by the lows that identified the May market top. Watch your wallet if long. 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.