Schaeffer's Trading Floor Blog

At the Close

by 7/20/2005 4:14 PM
Stocks quoted in this article:

All-in-all, I have to say that the bulls made an impressive effort today...


Chart Courtesy of Thomson/ILX

They were able to shrug off early weakness and keep a steady bid under the market...


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Divergences

by 7/20/2005 3:55 PM
Stocks quoted in this article:

Also worth noting...while the broad market indices tag new highs for the session, Yahoo (YHOO) has yet to pick itself up off the mat as the shares sit near their intraday lows...This is also in contrast to Intel (INTC) and General Motors (GM) which are still down the session but near the best levels of the day...

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Why Stop Now

by 7/20/2005 3:43 PM
Stocks quoted in this article:

Keeping with the theme of the day...it seems the bulls are making a push into the close as my alert for NYSE net ticks has once again...and again...and again...become active. The broad market indices all appear to be hitting new highs for day as we near the final moments of the session...


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Stocks quoted in this article:

Despite numerous NYSE net tick spikes, the major indices are pulling back from their session highs as we enter the final hour of trading. Here are today's top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • Biotech HOLDRS (BBH) = +4.26 percent
  • iShares Nasdaq Biotechnology (IBB) = +3.13 percent
  • iShares DJ Transportation Average (IYT) = +3.10 percent
  • iShares DJ US Basic Materials (IYM) = +1.50 percent
  • Materials Select Sector SPDR (XLB) = +1.41 percent
  • Health Care Select Sect SPDR (XLV) = +1.09 percent
  • iShares C&S Realty Majors (ICF) = +1.02 percent
  • iShares S&P SmallCap 600 Index (IJR) = +1.01 percent

Bottom Performing Sector Exchange Traded Funds:

  • iShares GS Technology Indx (IGM) = -0.19 percent
  • iShares DJ US Telecom (IYZ) = -0.21 percent
  • Energy Select Sector SPDR (XLE) = -0.22 percent
  • iShares GS Networking (IGN) = -0.27 percent
  • Technology Select Sector SPDR (XLK) = -0.47 percent
  • iShares DJ US Technology (IYW) = -0.61 percent
  • Oil Service HOLDRS (OIH) = -0.87 percent
  • Internet HOLDRS (HHH) = -4.21 percent

The BBH remains strong, but its strength is being met with an almost equal counter-force from the HHH. Meanwhile, small caps are able to continue their recent run as the IJR hits a new annual high...

Note: If you are not familiar with ETFs, make sure you read the Education and FAQ sections in our ETF center.


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Stocks quoted in this article:

The action in Affymetrix (AFFX) continues to be constructive...Last week we saw how the stock was stabilizing at support and now the shares are trying to rally...


Created with SuperCharts by Omega Research

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