2. Computer Interpretation of Put-Call Charts
There is a computer interpretation of each chart. That is, the
computer is estimating which way the moving average IS trending (or
is GOING to trend very soon). An uptrend indicates a sell signal, and a downtrend indicates a buy signal. Do not rely
solely on the computer projection. THIS COMPUTER ESTIMATE IS NOT A
REPLACEMENT FOR HUMAN INTELLIGENCE.
3. Percentage Ranking
In the list of computer interpretations, there is a
percentage number that follows each symbol, and that THE LIST IS
SORTED BY THESE PERCENTAGES. These percentages tell you how far
up or down the chart the CURRENT (last) reading is. Thus, you
can identify more easily those charts that are at extremes.
4. Receive any chart you want!!
We are also providing an additional service: if there is a
particular put-call ratio chart that you would like to see, just email us
your request, and we will email the chart back to you within 24 hours. There is
no extra charge for this service.
VIEWING THE CHARTS:
The software draws two lines on each chart: 1) the put call ratio
chart IN YELLOW, and 2) the stock chart in white. Thus, one can
easily see if the underlying has performed well in line with
put-call ratio buy and sell signals over the past year by looking at
the charts in this format. A sample chart of IBM is shown below.
Click on the image to see a larger view.
Click here for a larger view.
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CHARTS INCLUDED
EACH AND EVERY WEEK:
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There is a fairly
large number of "broad market" charts:
Broad Market:
PC21 Equity-only put-call ratio (all stock options)
PC21_w Same thing, WEIGHTED
NYSE NYSE and NASD stocks, equity-only put-call ratios
PC $OEX and "Total" put-call ratios
$OEX_W $OEX WEIGHTED ratio
@SP S&P 500 futures options
@SP_W WEIGHTED @SP
NASDAQ-related:
$NDX NASDAQ-100 Index
$NDX_W WEIGHTED $NDX
QQQ NASDAQ "tracking stock"
QQQ_W WEIGHTED QQQ
and the NASD chart included in the NYSE file (listed above)
The general, index
and futures put-call ratio charts included are:
Sector Indices:
Filename Commodity or Index (indices begin with a $)
$BKX BANKING INDEX
$DRG PHARMACEUTICAL INDEX
$HKO HONG KONG OPTION INDEX
$JPN JAPAN INDEX
$MEX MEXICO INDEX
$MSH MORGAN STANLEY HIGH-TECH INDEX
$NDX NASDAQ-100 INDEX
$OSX OIL SERVICE INDEX
$RUT RUSSELL 2000 INDEX
$SOX SEMINCONDUCTOR INDEX
$TXX TECHNOLOGY INDEX
$UTY UTILITY INDEX
$XAU GOLD & SILVER STOCK INDEX
$XNG NATURAL GAS INDEX
$XOI OIL & GAS INDEX
Futures:
@AD AUSTRALIAN DOLLAR
@BP BRITISH POUND
@C CORN
@CC COCOA
@CL CRUDE OIL
@CT COTTON
@ED EURODOLLAR
@GC GOLD
@JY JAPANESE YEN
@KC COFFEE
@LC LIVE CATTLE
@LH LIVE HOGS
@NG NATURAL GAS
@S SOYBEANS
@SB SUGAR
@SF SWISS FRANC
@SI SILVER
@SP S&P 500
@US T-BONDS
@W WHEAT
STOCKS: are
dependent on their average trading volume, but these stocks, which
have a good history of successful put-call ratio signals,are sure to
be included each week:
AOL America Online
AXP American Express
C Citigroup
CHV Chevron
CMGI CMGI
CPQ Compaq
CSCO Cisco Systems
DELL Dell Computer
DIS Disney
EK Eastman Kodak
GE General Electric
GM General Motors
HWP Hewlett-Packard
IBM IBM
INTC Intel
JNJ Johnson & Johnson
LU Lucent
MCD McDonald
MRK Merck
MSFT Microsoft
PFE Pfizer
WCOM Worldcom
WMT Wal-Mart
