Schaeffer's Trading Floor Blog

Buying

by 6/28/2005 10:10 AM
Stocks quoted in this article:

We pushed through the first half hour of trading with a small upside bias...then my alert for NYSE net ticks hit as it appears that some are making a push to recoup some of last week's losses...


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At the Open

by 6/28/2005 9:50 AM
Stocks quoted in this article:

The opening bell has rung, and the buying has begun...

At least buying in the top three quarters of my graph...housing stocks are in the lead but cyclicals and a few tech groups are in hot pursuit...oil is pulling back and oil related stocks are giving back some of yesterday's gains...gold and gold stocks are down and the HUI is testing that short-term support zone near 195 that we have been discussing...


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Also in the News

by 6/28/2005 9:30 AM
Stocks quoted in this article:

Also in the news...Pfizer Inc (PFE) has said that there is no evidence of a link between their drug Viagra and an increased risk of blindness - you can find details here.

At first blush I thought we discussed that in high school health class, but upon further thought, I don't think Viagra was available then, so I must be mistaken...


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Into the Open

by 6/28/2005 9:22 AM
Stocks quoted in this article:

We head into the open with stock futures near their overnight highs and pointing to a small pop at the open...gold is now down three points while oil is down 77 cents...

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News Headlines

by 6/28/2005 9:00 AM
Stocks quoted in this article:

Last night I noted that today's calendar was light on events so I have been scanning the headlines to see what is in focus. Here is what I see...

IBM is getting attention after it was announced that the SEC has opened an informal investigation into how they handled their first-quarter earnings report...Advanced Micro Devices (AMD) has filed an antitrust suit against Intel (INTC)....Google (GOOG) broke above 300 (which apparently is noteworthy for some reason)...

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