Schaeffer's Trading Floor Blog

Selling?

by 6/7/2005 1:58 PM
Stocks quoted in this article:

It appears a bit of selling has entered the picture...


Chart Courtesy of Thomson/ILX

After three hours of the SPX moving in a two point range, there has been a small break to the downside.


permanent link
Stocks quoted in this article:

Another stock from today's new high list is Urban Outfitters (URBN) which I last discussed back in late March...A check of the weekly chart shows a strong uptrend still in place.


Created with SuperCharts by Omega Research

After trading around it for a few weeks, the stock held the support zone we discussed in March and the stock has now broken free of the consolidation zone. A check of the stock's scorecard shows a slight drop to seven, but I would still consider that relatively healthy given the uptrend...


permanent link

FYI

by 6/7/2005 12:34 PM
Stocks quoted in this article:

For those interested...my regular weekly column has now been published on the homepage - Reader Requested Stock Analysis - Pixar, Amdocs, Merrill, Biogen and More...

<

permanent link

Index Check

by 6/7/2005 12:32 PM
Stocks quoted in this article:

With the lull below still in full force as we slide through lunch, here's where the major indices stand....

Outside of oil and gold, it looks like a "rally on Wall Street"...at least a mild to moderate one. A few groups have pushed slightly ahead of the pack, but for the most part there is fairly tight grouping. In other words, the midday action doesn't seem to show that any one particular group is leading day. It is just generalized buying....


permanent link
Stocks quoted in this article:

As you can see...


Chart Courtesy of Thomson/ILX

The action has been quiet for the last hour as the SPX has drifted sideways as it consolidates this morning's buying.

This have given me an opportunity to finish up my weekly column for the homepage. This week's column recaps the action in recently featured stocks such as Amdocs Ltd (DOX), Pixar (PIXR) and Metris Companies (MXT). For those interested, I will let you know when it is published.

<

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.