For the last 90 days, according to
Tuesday, March 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 | 0.73 | BEARISH | $wPCR Chart |
| NDX | NASDAQ-100 | 0.86 | BEARISH | $wPCR Chart |
| BBH | BioTech HOLDRS | 0.56 | mildly BULLISH | $wPCR Chart |
| SMH | Semiconductor HOLDRS | 0.57 | mildly BULLISH | $wPCR Chart |
| XLF | Financial Select Sector SPDR | 1.49 | NEUTRAL | $wPCR Chart |
| XLE | Energy Select Sector SPDR | 10.09 | very BEARISH | 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 |
| OSIP | OSI Pharmaceuticals Inc. | 19.98 | $wPCR Chart |
| AIG | American International Group Inc. | 4.53 | $wPCR Chart |
| GM | General Motors Corp. | 3.67 | $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 |
| MRK | Merck & Co. Inc. | 0.00 | $wPCR Chart |
| ALTR | Altera Corp. | 0.04 | $wPCR Chart |
| CVS | CVS Corp. | 0.07 | $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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For Calendar Year 2004, according to JimSchmidt of Timer Digest, we came in at 108.98, which ranks us at 11th, out ofapproximately 150 timers.
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