Tuesday, October 10, 2006

Another Day, Another Rally

I don't want to sound like a broken record, but it is remarkable how many days lately the market has looked weak at midday only to see a late day rally. The market is not up a lot, but enough to erase earlier losses and further frustrate the bears.

Another reason why I did not think that we would see a rally today was the the put/call ratios were finally beginning to show some optimism. The CBOE put/call ratio opened below 0.50, and the ISEE was above 200 - both showing high bullishness.

Oil fell back below $60, amid skepticism surrounding potential OPEC production cuts. As for bond yields, the 10-year finished at 4.75%.

Here are some standout stocks moving on above-average volume:
  • AVZ
  • PRFT
  • ROG
  • BFAM
  • KNOT
  • UARM
  • GFIG
  • CPA
  • LNY
  • SHPGY
  • CIEND
  • VECO
  • IPSU
  • MCHP

posted by J. Kahn @ 12:58 PM   2 comments

2 Comments:

At 3:19 PM, Blogger Unknown said...

Hi,
Just wondering how to get the cboe put/call ratio in realtime ? Can it be obtained from any broker like IB or optionsxpress ? Also, what's ISEE. Thanks for the reply.

 
At 7:08 AM, Blogger J. Kahn said...

Sterix,

The CBOE put/call ratio is available at their website. I have a link to it on my blog.

The ISEE is another put/call ratio, put out by the ISE, that measures only equity put and call buying. Strips out most institutional index activity. I also have a link to this ratio.

thanks

 

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