CPC Put/Call Ratio Daily Chart; Near-Term Top At Hand

The CPC put/call ratio drops to 0.74 signaling rampant euphoric bullishness. The cab driver said he invested his entire life savings in the stock market yesterday. Uncle Joe said he is on his way to the broker to place a whole paycheck long the market because Amazon reported great earnings. The low put/call verifies the rampant complacency and that a near-term top is at hand. It may take a few days for stocks to top out but it can occur at anytime forward.

The CPCE put/call is at 0.63 not yet at new lows so stocks may remain buoyant until the CPCE drops verifying the complacency. Stay on your toes. If you are a nimble short-term trader, do not get greedy, it is likely far more prudent to scale out of your longs now.

For the last low print on 6/12/18, the stock market topped out the next day. The CPC peaked on 6/28/18 which identified fear and panic exactly when the stock market rally began to the day. 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.