CPC Put/Call Ratio Daily Chart

As highlighted last week, the low CPC and CPCE put/call ratios signaled a near term market top due to complacency and lack of fear; and it occurs. Stocks floated higher for a few days and are now reversing receiving the spank lower. The expectation is that the bears should flex their muscles sending the stock market lower until the CPC moves above 1.20 to show that fear and panic is in the markets. A move above 1.20 will signal a tradeable near-term bottom. 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.