Schaeffer's Trading Floor Blog
Stocks quoted in this article:

Here are today's top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • Internet HOLDRS (HHH) = +1.73 percent
  • streetTRACKS Fortune 500 Index (FFF) = +0.56 percent
  • iShares DJ US Financial Svcs (IYG) = +0.33 percent
  • streetTRACKS Wilshire REIT Fund (RWR) = +0.31 percent
  • Consumer Discretionary SPDR (XLY) = +0.27 percent
  • iShares DJ US Consumer Services (IYC) = +0.08 percent
  • iShares DJ US Utilities (IDU) = +0.08 percent
  • iShares COMEX Gold Trust (IAU) = -0.02 percent

Bottom Performing Sector Exchange Traded Funds:

  • iShares DJ US Technology (IYW) = -0.90 percent
  • iShares DJ US Telecom (IYZ) = -1.02 percent
  • Software HOLDRS (SWH) = -1.10 percent
  • iShares GS Software Index (IGV) = -1.20 percent
  • Telecom HOLDRS (TTH) = -1.36 percent
  • iShares GS Semiconductor (IGW) = -1.40 percent
  • Semiconductor HOLDRS (SMH) = -1.43 percent
  • iShares Nasdaq Biotechnology (IBB) = -1.88 percent

The top performing list shows that the HHH is showing moderate gains while the rest of the list is more or less holding above breakeven. Earlier this afternoon we saw that the INX had moved into negative territory and at last check this was still the case. I looked into the difference between the two and it appears it is a matter of different stocks and weightings. The HHH is heavily weighted by YHOO, EBAY, and TWX which are higher today, while the INX is more evenly weighted across 15 stocks.

The bottom performing list shows technology, telecom, software, semis and biotech - which are many of the key groups of the NDX....

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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by 3/15/2005 1:58 PM
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Every so often I read something that makes my head hurt...

Today it was a comment from a strategist in a Dow Jones Newswire article that Bernie passed along...The analyst was bullish on internet stocks like Google, Yahoo and eBay.

Now I am the first to admit that everyone is entitled to their own opinion. And I make more than my fair share of bone-head comments, so I don't expect anyone to perfect, but...

The basis of the bullish opinion was from a contrarian viewpoint. As I have pointed out on Yahoo - 17 of the 22 analysts (77 percent) tracked by Zacks rank YHOO with a "buy" rating....

The only time you see higher consensus opinions is in those chewing gum commercials where they say 4 out of 5 dentists recommend the gum...and the fifth didn't recommend it because he fell asleep.

I guess this is a contrarian opinion that everyone shares...wait...err...uhm... I give up... Maybe I just need some lunch...

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Forgot to Mention

by 3/15/2005 1:37 PM
Stocks quoted in this article:

For what it is worth...the SPX is currently trading at 1201.28....Yesterday we saw buyers step in at 1200...Plus that is where the SPX closed on Friday.

A break below 1200 would "erase" yesterday's gains...

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Index Check

by 3/15/2005 1:30 PM
Stocks quoted in this article:

The SPX just made new low on the session so I thought I would check in and see where things stand...

The RUT is holding around breakeven while the other major indices slide...Semis have yet to bounce from their lows...internet stocks were bouncing this morning but have dipped below breakeven...

But overall the action is light as only semis are moving more than one percent...

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Public Service Announcement

by 3/15/2005 12:26 PM
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To the new readers - welcome! Make sure you check out the Trader's Blog Primer at the top the page for some background on this space. Also, please click on the link below to tell me what you think (or even just a note that says you are here!)

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The only way this space will improve is if you tell me what you would like to see!

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