Market Sentiment alert 11/17/4
Tuesday, November 16th, 2004
1) At the close today, our Dollar-weighted Put/Call Ratio ($wPCR) Engine picked the following stocks as good SHORT candidates due to their BEARISH (very high p/c ratio) reading:
Symbol | Name | $wPCR | Chart Reference |
PG | Proctor & Gamble | 8.1 | $wPCR Chart |
EP | El Paso Corp. | 4.7 | $wPCR Chart |
CFC | Countrywide Financial Corp. | 3.5 | $wPCR Chart |
2) And, our Dollar-weighted Put/Call Ratio Engine picked the following stocks as good LONG candidates due to their BULLISH (very low p/c ratio) reading:
Symbol | Name | $wPCR | Chart Reference |
UTX | United Technologies | 0.00 | $wPCR Chart |
TYC | Tyco International | 0.02 | $wPCR Chart |
ALL | Allstate Corp. | 0.02 | $wPCR Chart |
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Please note that dollar-weighted put/call ratio's forward-looking window is from one to three trading days from the signal day (why? in a capsule form, it has to do with 3-day stock settlement pressure on the market makers). Once you are in the trade, you should monitor the up-to-date dollar-weighted put/call ratio reading as confirmation of the trade's direction; or, in case of reversal of the dollar-weighted put/call ratio reading, as an exit signal.
It is with great pleasure that we introduce the new HamzeiAnalytics Options Trading Service under direction of our new Options Strategist and Editor, Ike Iossif, the President and Chief Investment Officer of Aegean Capital Group.
This report will be published on our website every other Monday and will have email updates as conditions warrant.The Inagurual Issue is open to all. To view it, please click here: http://www.HamzeiAnalytics.com/HOTS_1104_1.asp
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