Tuesday, February 8th, 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 | 1.67 | BEARISH | $wPCR Chart |
| NDX | NASDAQ-100 | 1.99 | BEARISH | $wPCR Chart |
| BBH | BioTech HOLDRS | 2.41 | NEUTRAL | $wPCR Chart |
| SMH | Semiconductor HOLDRS | 1.01 | NEUTRAL | $wPCR Chart |
| XLF | Financial Select Sector SPDR | 61.54 | BEARISH | $wPCR Chart |
| XLE | Energy Select Sector SPDR | 0.09 | BULLISH | N/A yet |
2) At the Close of Today, our Dollar-weighted Put/Call Ratio ($wPCR) Engine picked thefollowing stocks as good SHORT candidates due to their BEARISH (very high $w P/CRatio) reading:
| Symbol | Name | $wPCR | Chart Reference |
| SEBL | Siebel Systems Inc. | 18.83 | $wPCR Chart |
| FBR | Friedman Billg Rmsy Gr A | 9.10 | $wPCR Chart |
| F | Ford Motor Company | 6.43 | $wPCR Chart |
3) And, our Dollar-weighted Put/Call Ratio Engine picked the following stocks as good LONGcandidates due to their BULLISH (very low $w P/C Ratio) reading:
| Symbol | Name | $wPCR | Chart Reference |
| EMR | Emerson Electric Co. | 0.00 | $wPCR Chart |
| BA | Boeing CO. | 0.01 | $wPCR Chart |
| HD | Home Depot INC. | 0.06 | $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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