Do the CPCE and VIX suggest a top is imminent?

First, lets re-assess how we did with our last call, to see if we went wrong and if so to learn from our mistakes. Two weeks ago we used market breadth patterns to suggest a bottom was close and we would expect a rally. See here. In fact, we predicted back then, based on wave-analyses…

Put/Call ratio suggests market may be close to bottoming? 

Price is always the final arbiter, but sometimes anecdotal evidence can tell us an additional story, especially when at extremes. In this case lets take a look at the CPCE: equity put/call ratio. On Monday it spiked to 0.94, which is ebrn higher then the 0.91 reading during the mid-October 2014 Ebola scare 10% correction. Signaling…