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MarketSentiment alerts for Thursday, December 9th, 2004
1) As the CashMarkets closed today, our Dollar-weighted Put/Call Ratio ($wPCR) Engine pickedthe following stocks as good SHORT candidates due to their BEARISH (very high $wP/CRatio) reading:
2) And, ourDollar-weighted Put/Call Ratio Engine picked the following stocks as good LONG candidatesdue to their BULLISH (very low p/c ratio) reading:
Please notethat 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 thepressure the options market makers are under to stay delta neutral while dealing with the3-day stock settlement rule). 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.
Weare LONG the S&P-500 Cash Index (SPX) from 1121.84 (closing price on 10/12/04) for theTimer of the Year Competition, monitored the Timer Digest service.
Allthe best;
Fari Hamzei
Tel: (310) 306-1200
Email: Fari@HamzeiAnalytics.com
Group Leader of
Los Angeles TradeStation Users Group: www.ouga.com
