CPC Put/Call Ratio Daily Chart

CPC put/call ratio daily chart helps gauge complacency vs. fear.  Large market sell-off today but the CPC shows no significant fear. Looks like many traders remain bullish trying to pick bottoms. That is why the broad market selling will continue. The markets will trend lower overall until a print over 1.2 is achieved with the CPC. The low print in January was signaling that the bull euphoria is out of hand, everyone was bullish, so it was prudent to start to set up shorts.

Also of interest is the late January broad market quickie sell-off CPC value of 1.08. There was more fear in late January than there was today after a 25 point sell off in the SPX and 225 point loss in the Dow. Does that make sense? Traders remain far too bullish so the market will have to do some more spanking until worry sets in at a CPC over 1.2. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.