Tuesday, January 11th, 2005
1) At the close of Today, our Dollar-weighted Put/Call Ratio ($wPCR) for major Indicies are:
| Symbol | Name | $wPCR | Signal | Chart Reference |
| SPX | S&P-500 | 1.78 | BEARISH | $wPCR Chart |
| NDX | NASDAQ-100 | 2.62 | BEARISH | $wPCR Chart |
| BBH | Biotechnology HOLDRS | 1.19 | NEUTRAL | $wPCR Chart |
| SMH | Semiconductor HOLDRS | 1.72 | NEUTRAL | $wPCR Chart |
| XLF | AMEX Financial SPDR | 0.05 | BULLISH | $wPCR Chart |
2) At the Close of Today, our Dollar-weighted Put/Call Ratio ($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 |
| WFC | Wells Fargo & Co. | 46.65 | $wPCR Chart |
| NVLS | Novellus Systems | 10.56 | $wPCR Chart |
| SAP | SAP AG ADS | 9.51 | $wPCR Chart |
3) 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 |
| ABT | Abbott Labs | 0.00 | $wPCR Chart |
| MWD | Morgan Stanley & Co. | 0.00 | $wPCR Chart |
| GD | General Dynamics Corp. | 0.01 | $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 the pressure the options market makers are under to stay delta neutral while dealing with the 3-day stock settlement rule). 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.
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We are LONG the S&P-500 Cash Index (SPX) from 1121.84 (closing price on 10/12/04) for the Timer of the Year Competition monitored by the Timer Digest service.For Calendar Year 2004, according to Jim Schmidt of Timer Digest, we came in at 108.98, which ranks us at 11th, out of approximately 150 timers.
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