The put/call ratio is on the rise again, something investors will want to keep an eye on!
Looking at the put/call ratio, we've see a recent rise into the 1.30 area - a critical level investors will want to keep an eye on. If the put/call ratio commences an extended move above 1.30, sellers could begin to hit the major indices hard.
Typically, the put/call ratio travels under 1, indicating bullish sentiment within the market, overall. However, given the present subprime debacle, elevated oil prices and waning economic conditions within America, Wall Street obviously has bearish cloud looming above head. Should the put/call ratio rally into the 1.5 area, expect fresh lows in the major indices.
via TraderDaily
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