CPC and CPCE Put/Call Ratios Daily Charts Signal Significant Market Top

The CPC and CPCE put/call ratios signal rampant complacency in the stock market and a significant top at hand. Traders are drinking Fed wine each day and mainlining ECB crack cocaine into their veins buying stocks regardless of price partying like its '1999'. Cue the Prince music. Traders see no reason to worry since global central bankers control the markets and they keep printing money sending stocks higher to benefit the wealthy elite class that own large stock portfolios.

The uber low put/calls signal a significant market top at hand at anytime over the coming days. The low CPC on 5/11/15 resulted in the market top about seven days later where the SPX dropped from 2035 to 2072; 63 handles. Last summer the low CPCE resulted in a market top in July and drop in the SPX from 1991 to 1905; 86 handles. Watch your wallet. Ditch the longs and begin scaling into the short side as the days ahead play out. Of course the central bankers can always pump stocks higher at anytime and a resolution to the Greece bailout drama would also create a pump higher in equities but these bounces, should they occur, can be shorted into since the uber low put/calls indicate complacency is off the charts and a market pull back to bring trader's attitudes back to earth is desperately needed. 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.