Schaeffer's Trading Floor Blog

Final Figures

by 7/19/2005 4:12 PM
Stocks quoted in this article:

And while the SPX did close near its highs....

Index Index Value Point Change Percent Change
S&P 500 (SPX) 1229.4 8.2 points 0.67 percent
Dow Jones Industrial Average (DJIA) 10646.6 72 points 0.7 percent
Nasdaq Composite (COMP) 2173.2 28.3 points 1.32 percent
Russell 2000 (RUT) 668.9 10.3 points 1.56 percent
CBOE Market Volatility Index (VXO) 9.73 -0.34 points -3.4 percent

...that is not where the real action was. Small caps and tech were the focus of the day while the large cap indices lagged...


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At the Close

by 7/19/2005 4:10 PM
Stocks quoted in this article:

It appears the bulls made a late-day push...

Chart Courtesy of Thomson/ILX

This was good enough to take out the intraday high and give the market a close near its best levels of the session...


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Stocks quoted in this article:

Bob says - "Nick, I'm starting to see a pattern of selling the news in my little world of stocks and was wondering if you see the same. One of your favorites, and I say that with sarcasm "IBM" posted a 4% gain within the first 30 minutes but only managed to hold on to about half of that. Will it be able to post a closing price of 85? It will be interesting to see how SMH and the Internet stocks react after YHOO and INTC's positive earnings tonight."

My response - IBM did manage to hold a gain on the day, but as you can see in the chart below, the stock was under pressure all day.

Chart Courtesy of Thomson/ILX

And if you missed it, make sure you check out Bernie's article - Schaeffer's Media Outtakes: Big Blue's Earnings

I agree that monitoring reactions is key and I have seen both sides recently. It will be important to watch what happens as the week wears on, and we see more reports.

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Stocks quoted in this article:

And speaking of ETFs, here are today's top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • Oil Service HOLDRS (OIH) = +4.02 percent
  • Energy Select Sector SPDR (XLE) = +2.04 percent
  • iShares GS Semiconductor (IGW) = +2.04 percent
  • Internet HOLDRS (HHH) = +1.95 percent
  • iShares GS Software Index (IGV) = +1.93 percent
  • iShares DJ US Basic Materials (IYM) = +1.92 percent
  • Software HOLDRS (SWH) = +1.92 percent
  • iShares DJ US Energy (IYE) = +1.92 percent

Bottom Performing Sector Exchange Traded Funds:

  • iShares Nasdaq Biotechnology (IBB) = +0.14 percent
  • Financial Select Sector SPDR (XLF) = +0.10 percent
  • iShares DJ US Financial Svcs (IYG) = +0.08 percent
  • Consumer Staples Select SPDR (XLP) = +0.04 percent
  • iShares DJ US Healthcare (IYH) = +0.00 percent
  • Biotech HOLDRS (BBH) = -0.18 percent
  • streetTRACKS Gold Shares (GLD) = -0.21 percent
  • Regional Bank HOLDRS (RKH) = -0.24 percent

As you can see, there is a strong upward bias with an interesting mix of oil services, technology, basic materials and energy...

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:

Mike says - "Hi, Nick! I was out of town and am glad to be back reading your Blog. One quick query about your ETF list: If the numbers are YTD figures, is this list Top and Bottom performers of the year as well? I ask because some of the percentages in the Top section are minus and vice-versa for the Bottom. I'm sure I'm reading it wrong, but I wanted to make sure there wasn't a typo. Thanks much!"

My response - The graph shows the top and bottom performing ETFs over the last month. The bullet list below then shows how those specific ETFs are faring on a year-to-date basis.

For example, the Energy Sector SPDR (XLE) is one of the bottom performing ETFs over the last month, but on a year-to-day basis the XLE is up 25.0%. This is just meant as a way to quickly gauge whether the performance over the last month is part of a longer-term trend or, as is the case the XLE, a counter-trend move.

Sorry if I didn't make that clear...

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