1) At the close today, our Dollar-weighted Put/Call Ratio ($wPCR) Engine picked thefollowing stocks as good SHORT candidates due to their BEARISH (very high p/cratio) reading:
Symbol | Name | $wPCR | Chart Reference |
TRI | Triad Hospitals | 8.25 | $wPCR Chart |
ANF | Abercrombie & Fitch Co'A' | 6.1 | $wPCR Chart |
AVID | Avid Technology | 5.69 | $wPCR Chart |
2) And, our Dollar-weighted Put/Call Ratio Engine picked the following stocks as good LONGcandidates due to their BULLISH (very low p/c ratio) reading:
Symbol | Name | $wPCR | Chart Reference |
TER | Teradyne Inc. | 0.10 | $wPCR Chart |
ORCL | Oracle Corp. | 0.14 | $wPCR Chart |
MEDI | MedImmune Inc. | 0.14 | $wPCR Chart |
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Please note that dollar-weighted put/call ratio's forward-looking window is from one tothree trading days from the signal day (why? in a capsule form, it has to do with 3-daystock settlement pressure on the market makers). Once you are in the trade, you shouldmonitor the up-to-date dollar-weighted put/call ratio reading as confirmation of thetrade's direction; or, in case of reversal of the dollar-weighted put/call ratio reading,as an exit signal.
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