Market Sentiment alert for Tuesday, October5th, 2004
1) As the Cash Markets closed today, our Dollar-weightedPut/Call Ratio ($wPCR) Engine picked the following stocks as good SHORT candidates due totheir BEARISH (very high $wP/C Ratio) reading:
Bristol-Myers
Newell Rubbermaid
2) And, our Dollar-weighted Put/Call Ratio Engine picked the followingstocks as good LONG candidates due to their BULLISH (very low $wP/C Ratio)reading:
Verizon Communications (
Please note that dollar-weighted put/call ratio's forward-looking window is fromone to three trading days from the signal day (why? in a capsule form, it has to dowith 3-day settlement pressure on the market makers). Once you are in the trade, youshould monitor the up-to-date dollar-weighted put/call ratio reading asconfirmation of the trade's direction; or, in case of reversal of the dollar-weighted put/callratio reading, as an exit signal.
All the best;
Fari Hamzei
Tel: (310) 306-1200
Email: Fari@HamzeiAnalytics.com
Market Sentiment Alert for Tuesday, 10/5/4
Started by
TTHQ Staff
, Oct 05 2004 06:03 PM
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#1
Posted 05 October 2004 - 06:03 PM