Schaeffer's Trading Floor Blog

Buy Programs Part II

by 4/27/2005 12:38 PM
Stocks quoted in this article:

I wanted to give the buy programs a chance to settle and then check back in on the SPX...


Chart Courtesy of Thomson/ILX

If you look at this chart you can guess where the surges in net ticks are hitting as the SPX surges then consolidates then surges.... to form this exaggerated stair step pattern. I am always curious of these patterns as it seems like just a few buyer are running the show for the time being. But of course, that is merely conjecture.

What we do know is that the SPX is perched precariously close to its lows for 2005 so the near-term momentum is not to the upside...


permanent link

Buy Programs

by 4/27/2005 11:38 AM
Stocks quoted in this article:

My alert for NYSE net ticks has been triggering on and off and it looks like the bulls were finally able to make a push...


Chart Courtesy of Thomson/ILX

As you can see, the action has been extremely choppy today...


permanent link

Check It Out...

by 4/27/2005 10:16 AM
Stocks quoted in this article:

In my weekly column on the homepage, I touched the concept of "black swans". For an application of this, check out Bernie's most recent commentary - Schaeffer's Media Outtakes: Running Out of Options...

<

permanent link
Stocks quoted in this article:

I was scanning through some of the short interest highlights and thought you might find this interesting... I noted that some of the semis saw drops in short interest which was attention-grabbing given that this group hasn't exactly been the picture of technical strength...

I pulled together the quick table below that shows updated short interest data as well as the equity scorecard reading. I put in a formatting formula to automatically highlight areas of concern (red) and areas of encouragement (blue). The resulting color scheme didn't inspire me with confidence...

<

permanent link

At the Open

by 4/27/2005 9:48 AM
Stocks quoted in this article:

The tickers are blinking and here is what I see...

As indicated by futures...and continuing where yesterday left off...we see broad based weakness...though it is mild weakness for the most part. The exceptions would internet stocks, gold stocks, and semis...though cyclicals and natural gas stocks are pushing in on the one percent threshold. The internet index, of course, is getting hit on Amazon's five percent loss...


permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.