Saturday, November 14, 2015
CPCE CBOE Put/Call Ratio and SPX S&P 500 Daily Charts Signal Near-Term Market Bottom At Hand
What do you think will happen? The level of fear and panic increased late last week sending the CPCE to 0.98 a very elevated reading, hence, a near-term market bottom is at hand. Once the boat is fully loaded on one side, stocks will seek the opposite side. Traders were panicking and throwing stocks overboard with reckless abandon. The baby is thrown out with the bathwater. The stock market may bump around to begin next week but a bottom would be expected sometime between Monday and mid-week.
The Paris terrorist attacks may create a negative global trading environment to begin the new week but the expectation is that stocks will seek a near-term bottom and recover just like all the other green circles. 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.