Market Sentiment alert1) At the Close of Tuesday, January 30th, 2007 our Dollar-weighted Put/Call Ratios ($wPCR) for Narrow-basedSector ETFs (where very low $wPCR readings are BULLISH and very high $wPCR readings areBEARISH) were:
| ETF | Name | Last | $wPCR | Signal | Chart Reference | Sigma Channels Position |
| BBH | BioTech Sector HOLDRS | 190.42 | 1.62 | NEUTRAL | $wPCR Chart | just below zero |
| SMH | Semiconductor HOLDRS | 33.79 | 0.67 | NEUTRAL | $wPCR Chart | just below zero |
| RTH | Retail Sector HOLDRS | 101.90 | 1.22 | NEUTRAL | Chart | just above zero |
| XLF | Financial Sector SPDR | 36.78 | 0.50 | BULLISH | $wPCR Chart | just below zero |
| XLE | Energy Sector SPDR | 57.72 | 0.59 | BULLISH | $wPCR Chart | above +1 |
2) 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:
| Stock | Name | Last | $wPCR | Chart Reference | Sigma Channels Position |
| DUK | Duke Energy | 19.47 | 0.16 | $wPCR Chart | just below +2 sigma |
| AKS | AK Steel Holding | 20.87 | 0.17 | $wPCR Chart | above +2.5 sigma |
3) At the Close of Today, our Dollar-weighted Put/Call Ratio ($wPCR) Engine picked thefollowing stocks as good SHORT candidates due to their BEARISH (very high $w P/CRatio) reading:
| Stock | Name | Last | $wPCR | Chart Reference | Sigma Channels Position |
| LXK | Lexmark International | 62.88 | 23.35 | $wPCR Chart | at -3 |
| QCOM | Qualcomm Inc. | 37.17 | 7.57 | $wPCR Chart | just above -2 |
| CDWC | CDW Corp | 63.07 | 3.32 | $wPCR Chart | a tad above -3 |
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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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According to TimerDigest January 2nd Issue, Fari Hamzei is statistically tied for THIRD placeamong approximately 150 timers for the Calendar Year 2006.
