Saturday, December 22, 2018

CPCE Put/Call Ratio Daily Chart; Significant Near-Term Stock Market Bottom At Hand; Huge Upside Stock Market Rally Ahead

Keystone started pointing out the elevated put/call ratios last week. The CPCE is literally, off-the-charts! Go long! Fear and panic is rampant in markets and President Trump harpooned stocks on Thursday and Friday with the government shutdown angst. Traders are screaming bloody murder. Poor Timmy. He was a young trader on the floor but he could not take the stress and pressure of blood red screens last week and the huge losses in his client portfolios. He jumped out of the window. Fortunately, he was on the ground floor. There is blood in the streets.

The elevated CPCE and CPC put/calls are screaming buy, buy, buy! However, President Trump is yelling sell, sell, sell. The baby politicians always come to an agreement; they are all good at selling their souls. So the shutdown drama should resolve itself and the powerful bullish signals in the put/calls and NYMO (now at -100!) should be respected. Ditch all shorts if you have not already and continue scaling into longs. (Note that Keybot the Quant remains short but the algorithm is programmed to work on a smoother path through the year and does not try to time tops and bottoms.) 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.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.