CPC Put/Call Ratio Daily Chart

The CPC put/call ratio is up into the panic and fear area above 1.20 so a near-term market bottom is on tap at anytime in the days ahead. It may be tomorrow, or the next day or some other day this week. Now that the CPC is above 1.3 you can nibble on long plays.

Remember the last put/call chart Keystone called out the uber low print under 0.60 which identified the stock market top which occurred but remember something was fishy with the CPC stalling in that middle zone at 0.90-1.10 (blue circle). Keystone said that was not enough panic and fear to create a market bottom so the idea was to play it cool and be patient until more panic and fear shows up to create a better buying area and that happens today with the CPC spiking higher.

Thus, stay on guard for a market rally move to occur any day forward. The prior bottoms over the last couple months were all sharp and quick so you may get up to go to the can tomorrow or early next week and by the time you return to the computer stocks may be up 20 or 30 SPX handles. 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.