Schaeffer's Trading Floor Blog

Bull Run?

by 5/4/2005 10:58 AM
Stocks quoted in this article:

If the bulls were going to make a run, the stage has been set. The oil inventory report pushed crude oil lower. Equities responded by moving higher as a series NYSE net tick spikes hit. And, of course, this follows the Fed's "add-on" statement about inflation.


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The rally in stocks has pushed the SPX out of its recent downtrend and above last week's high. This also has the index testing the former lows. With the Fed out of the way and oil below 50, it will be interesting to see how much momentum the bulls can elicit...


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Stocks quoted in this article:

As usual, this table lists stocks that have at least 10 percent of their float sold short and then shows the top ten based on the previous day's gain. The last field shows how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move. All returns are shown in percentages.

Note - more information on short interest can be found by clicking here.

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
Ryerson Tull, Inc. (RT) 26.2 19.5 13.25 9.74
Amedisys Inc (AMED) 10.5 20.1 33.84 1.24
Continental Airlines, Inc. (CAL) 9.2 27.9 12.66 2.69
Kos Pharmaceuticals, Inc. (KOSP) 8.5 15.6 54.29 0.86
Cell Genesys, Inc. (CEGE) 7.0 14.4 5.51 6.91
Greg Manning Auctions, Inc. (GMAI) 6.8 32.5 10.39 -1.45
DHB INDUSTRIES INC (DHB) 6.7 12.3 7.36 3.53
Inter Parfums, Inc. (IPAR) 6.5 14.6 15.43 -0.58
Papa John's International, Inc. (PZZA) 6.4 22.7 36.97 -0.79
MBIA Inc. (MBI) 6.1 12.1 56.43 1.12

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Investors Intelligence

by 5/4/2005 10:12 AM
Stocks quoted in this article:

The weekly figures from Investors Intelligence are out...

The percent bullish dropped to 43.5 (from 44) while the percent bearish ticked up to 30.4 (from 29.7)...

You can find the Investors Intelligence chart and recent data here...


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At the Open

by 5/4/2005 9:51 AM
Stocks quoted in this article:

The opening bell has rung and here is what I see...

As expected, the broad market indices showed an upside bias...brokers and internet stocks are in the lead...oil related stocks are trying to bounce back after taking a hit yesterday...gold stocks are trying to extend yesterday's bounce from the recent lows...the TLT is lower as the long-bond takes a hit on the Treasury news...

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ERTS

by 5/4/2005 9:30 AM
Stocks quoted in this article:

Electronic Arts (ERTS) is also making headlines after they announced disappointing guidance. The shares are poised to lose 10 percent at the open. Of course, this follows similar disappointing comments from the company back in March. But the really interesting point is that I see brokers coming out to upgrade and defend the stock this morning...


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