Market Sentiment alerts for Tuesday, November 9,2004
1) As the Cash Markets closed today, ourDollar-weighted Put/Call Ratio ($wPCR) Engine picked the following stocks as good SHORTcandidates due to their BEARISH (very high $wP/C Ratio) reading:
Symbol | Name | $wPCR | Chart Reference |
HPQ | Hewlett-Packard | 18.5 | |
ERTS | Electronic Arts | 4.9 | |
PFE | Pfizer | 3.6 |
2) And, our Dollar-weightedPut/Call Ratio Engine picked the following stocks as good LONG candidates due to theirBULLISH (very low p/c ratio) reading:
Symbol | Name | $wPCR | Chart Reference |
MCD | McDonald's Corp | 0.01 | |
PD | Phelps Dodge | 0.04 | |
FCX | Freeport-McMoran Copper & Gold | 0.07 |
Please note that dollar-weighted put/callratio's forward-looking window is from one to three trading days from the signalday (why? in a capsule form, it has to do with 3-day settlement pressure on themarket makers). Once you are in the trade, you should monitor theup-to-date dollar-weighted put/call ratio reading as confirmationof the trade's direction; or, in case of reversal ofthe dollar-weighted put/call ratio reading, as an exit signal.
On Wednesday, November 10th, Hamzei Analytics willpresent 'Hedged Sector Investing: A Paradigm Shift for Protecting Stock Investments in the21st Century' at the CBOE Options Institute Seminar in San Francisco. For details call1-877-THE-CBOE (843-2263) and press #2.
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Fari Hamzei
Tel: (310) 306-1200
Email: Fari@HamzeiAnalytics.com
Group Leader of
Los Angeles TradeStation Users Group:
