Market Sentiment alerts
Tuesday, February 1st, 2005
1) At the Close of Today, our Dollar-weighted Put/Call Ratios ($wPCR) for Broad-basedMarket Indices (where very high $wPCR readings are BULLISH) and Narrow-based SectorIndices (where very low $wPCR readings are BULLISH) were:
| Symbol | Name | $wPCR | Signal | Chart Reference |
| SPX | S&P-500 | 1.59 | BEARISH | $wPCR Chart |
| NDX | NASDAQ-100 | 0.46 | BEARISH | $wPCR Chart |
| BBH | BioTech HOLDRS | 0.58 | Mildly BULLISH | $wPCR Chart |
| SMH | Semiconductor HOLDRS | 0.76 | NEUTRAL | $wPCR Chart |
| XLF | Financial Select Sector SPDR | 0.58 | Mildly BULLISH | $wPCR Chart |
| XLE | Energy Select Sector SPDR | 0.15 | BULLISH | No $wPCR Chart |
2) At the Close of Today, our Dollar-weighted Put/Call Ratio ($wPCR) Engine picked thefollowing stocks as good SHORT candidates due to their BEARISH (very high $w P/CRatio) reading:
| Symbol | Name | $wPCR | Chart Reference |
| SWY | Safeway, Inc. | 94.0 | $wPCR Chart |
| ABGX | Abgenix | 20.1 | $wPCR Chart |
| F | Ford Motor Company | 4.65 | $wPCR Chart |
3) And, our Dollar-weighted Put/Call Ratio Engine picked the following stocks as goodLONG candidates due to their BULLISH (very low $w P/C Ratio) reading:
| Symbol | Name | $wPCR | Chart Reference |
| WFC | Wells Fargo & Co. | 0.01 | $wPCR Chart |
| DOW | Dow Chemical | 0.04 | $wPCR Chart |
| PMCS | PMC-Sierra | 0.05 | $wPCR Chart |
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Please note that 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 the pressurethe options market makers are under to stay delta neutral while dealing with the 3-daystock settlement rule). Once you are in the trade, you should monitor the up-to-datedollar-weighted put/call ratio reading as confirmation of the trade's direction; or, incase of reversal of the dollar-weighted put/call ratio reading, as an exit signal.
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We are LONG the S&P-500Cash Index (SPX) from 1121.84 (closing price on 10/12/04) for the Timer of the YearCompetition monitored by the TimerDigest service. For Calendar Year 2004, according to
