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Market Sentiment Alert 12/22/4


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#1 TTHQ Staff

TTHQ Staff

    www.TTHQ.com

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Posted 22 December 2004 - 09:03 AM

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MarketSentiment alerts for Tuesday, December 21st, 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: 

Symbol

Name

$wPCR

Chart Reference

AZN

AstraZeneca ADS

11.9

$wPCR Chart

FNM

Federal National Mortgage

9.4

$wPCR Chart

NFLX

NETFLIX

5.03

$wPCR Chart

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:

Symbol

Name

$wPCR

Chart Reference

GE

General Electric

0.00

$wPCR Chart

MO

Altria Group

0.02

$wPCR Chart

X

US Steel Corp.

0.04

$wPCR Chart

 

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. 

Onmany occasions, we offer special deals, like the "Year-End Bonus", etc., thruour pop-up notices. Make sure your browser will permit our website to display this savingsto you.

Weare LONG the S&P-500 Cash Index (SPX) from 1121.84 (closing price on 10/12/04) for theTimer of the Year Competition with the Timer Digestservice.

 

This is ourlast MSA report for this year. Wishing you all a very Merry Xmas and Happy New Year. Wewill be adding an Index $wPCR section to our MSA report starting with the January 6thissue.

 Allthe best;
Fari Hamzei

Tel:   (310) 306-1200
Email: Fari@HamzeiAnalytics.com

Group Leader of
Los Angeles TradeStation Users Group: www.ouga.com


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