Market Sentiment Alerts for Tuesday, August 3rd, 2004
1) At the close today, our dollar-weighted put/call ratio ($wPCR) for the following stocks were BEARISH (very high p/c ratio):
Texas Instruments (TXN) with a $wPCR of 8.24,
Krispy Kreme Doughnuts (KKD) with a $wPCR of 6.73, and
Maxim Integrated Products (MXIM) with a $wPCR of 5.65, all on good options volume;
2) And, our dollar-weighted put/call ratio for the following stocks were BULLISH (very low p/c ratio):
Phelps Dodge (PD) with a $wPCR of 0.05,
Tyco International Ltd. (TYC) with a $wPCR of 0.09 (also had a bullish reading last week), and
Friedman, Billings, Ramsey Group (FBR) with a $wPCR of 0.09, again, all on good options volume.
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Watch BBH here: our Directional Volatility Indicator (DVI) is expecting a big day -- a long bar -- given the action in the last two days, chances are it will be to the downside.
Also watch SPX here: today it failed to punch thru its 200 day MA for the second day in the row....the more SPX trades below its 200 day MA, the next move will turn out to be to the downside.
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Fari Hamzei
Fari@HamzeiAnalytics.com
http://www.HamzeiAnalytics.com
Fari is the founder of www.HamzeiAnalytics.com, a site which provides Quantitative Market Sentiment data, in real time, for approximately 250 of the most active Indices, Equities, Sector HOLDRS and Index Tracking Stocks. The data is dynamically updated throughout the day. It is the only online tool of its kind and you will not find it available anywhere else in its cumulative and real-time form. A must analytical tool for all serious active traders.
He is also the creator of its Dollar-Weighted Put/Call Ratios, Sector Volatility Matrix, Single Stock Volatility Matrix, and four professional trading systems: Tomcat, Tiger II , Hornet and SuperHornets. Tomcat daytrades the S&P 500 and NASDAQ-100 E-mini Futures; Tiger II swing trades the SPY, DIA and QQQ using hourly bars. The Hornets and SuperHornets swing trades nine ETF's using daily bars (SPY, QQQ, DIA, BBH, EWJ, IWM, SMH, TLT and XLF).
Fari is the Publisher of Hamzei Analytics Options Trading Service (HOTS), Editor-in-Chief of Hamzei Analytics' Weekend Update Report and is also the Group Leader of the Los Angeles TradeStation / MetaStock / RealTick Users Group, (www.ouga.com) a study group on technical analysis. In addition to being frequently quoted on CNBC-TV, he is also a frequent guest on several media outlets, including: www.marketviews.tv, hosted by Ike Iossif of Aegean Capital and WPTI Radio (www.ptisecurities.com) with Jon "Dr J" Najarian, the charismatic CBOE options market maker. Additionally, Fari was a guest speaker at the Third Annual Options Trading Forum in Chicago and is also often quoted on RealMoney.com.
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