When looking at the Put Call chart our only guidelines to use are where we’ve been in the past and base our analysis off of that. The values of .80 and .85 are quite high readings of fear and the markets usually find some sort of short-term bottom . While we are not there yet, fear is starting to climb, but we have a little way to go before I would try to play a bounce. I personally am not a fan of buying weakness, but I know many who are and this info is more directed to them.

Two particular stocks that I’m stalking on the long side that have had nice pullbacks are VMW and CRM.

cpce