I wanted to revisit the put / call ratios because the mid-January rally pushed the 10-day moving averages of the CBOE and the Equity put/call ratios back up toward areas that has been trouble for stocks. Those two indicators are considered the "dumb money". You can see that the dumb money appears to be getting overly bullish again.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The interesting thing is that the "smart money" OEX put/call ratio, is also quite bullish. This indicator has been more flaky lately; not really moving with the market or giving us much to go on. And there could be reasons for that, which I won't go into right now.
I have posted this data enough that I will assume you know, when the dumb money gets bullish, it could be time for another push lower for stocks.
Chart provided courtesy of www.decisionpoint.com, analysis by TSP Talk
The interesting thing is that the "smart money" OEX put/call ratio, is also quite bullish. This indicator has been more flaky lately; not really moving with the market or giving us much to go on. And there could be reasons for that, which I won't go into right now.
I have posted this data enough that I will assume you know, when the dumb money gets bullish, it could be time for another push lower for stocks.
