CPC Put/Call Ratio Signals Significant Market Top

The CPC chart is posted many times lately. Type 'CPC' into the search box above to bring up prior charts for further study.  Under 0.75 shows complacency in the markets, traders have no fear or worry that the markets will sell off. Of course the opposite happens. Conversely, fear and panic shows up at 1.20+, traders are jumping out of windows, hopefully they are only on the first floor. That is the time to bring on longs and feel comfortable that you have caught a multi-month or year bottom in the markets.

Complacency marked the September top. There has been some stutter steps since then, more minor moves, but overall, the CPC continues to favor the lower side of the chart which signals complacency and a significant market top at hand. The indicators are all positively sloped so if the CPC was 0.72 at or below the level from a week ago, this would be an ideal positive divergence bounce set-up. Alas, the markets may have one more day of upside go juice, which would result in the lower CPC print more than likely.  A launch in the CPC should occur from here or lower and it will correspond to the equity markets selling off. The markets are not worth owning from the short, intermediate and longer-term long perspective until a shake-out occurs and the CPC moves above 1.20. The 20 MA moving above the 50 MA will signal that the broad market selling will continue. The bulls will continue to rule the markets with the 20 under the 50, where complacency rules, traders tell jokes all day and laugh, care-free trading each day since the markets will definitely not sell off, let along sell off strongly. Or, will they?  Projection is for a significant spike to occur in the CPC to 1.20+ which will occur in concert with significant market selling. 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.