Schaeffer's Trading Floor Blog
Stocks quoted in this article:
Major market indices are off to a nice start this morning, as the Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Composite are all showing gains of at least 0.60 percent just after the first hour of trading. There has been a plethora of economic reports this morning. At 8:30 a.m., the preliminary GDP figure came in at 3.5 percent versus the 3.6 percent consensus, Initial Jobless Claims came in at 323,000 versus the 325,000 consensus, and the preliminary Chain Deflator number came in at 3.2 percent versus the 3.3 percent consensus. Then, at 10:00 a.m., the Help Wanted Index came in at 39 versus the consensus of 40. Nearly everything on my computer monitor is showing green, with the exception of the CBOE Market Volatility Index (VXO), a "fear gauge" for the market.

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What is Webzen?

by 5/26/2005 10:05 AM
Stocks quoted in this article:
Webzen (WZEN: scorecard, quote, chart) stock has not been performing all that well over the past several months, but it currently looks a bit interesting with the shares trading near previous support at $5.00. Webzen is engaged in developing and distributing online games principally in the Republic of Korea and in other countries within Asia. Oh yeah, it's also interesting that the stock's volatility index as measured by its options premiums is up more than 400 percent over the past five days. Somebody know something we don't?<

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Stocks quoted in this article:
In Wedensday's trading, there were 50 stocks on the NASDAQ that were able to acheive a new annual high. Below is an abbreviated list of issues that were able to achieve "New Highs" and have a strong Schaeffer's Gold Equity Scorecard (seven or higher).

CELG $40.07 ... 9

IVGN $79.85 ... 8

INGR $30.56 ... 7.5

PLAB $23.05 ... 7.5


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Stocks quoted in this article:
In Wednesday's trading, there were 46 stocks on the NYSE that were able to acheive a new annual high. Below is an abbreviated list of issues that were able to achieve "New Highs" and have a strong Schaeffer's Gold Equity Scorecard (seven or higher).

USG $48.35 ... 9

EXP $89.22 ... 8

GAP $25.99 ... 8

GPN $67.05 ... 8

AF $27.92 ... 7

FTO $47.10 ... 7

HLT $23.68 ... 7

LMT $64.85 ... 7

SFY $32.80 ... 7

STX $21.06 ... 7

WDC $14.59 ... 7

<

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Crude Breaks Free

by 5/26/2005 9:24 AM
Stocks quoted in this article:

Yesterday I posted an entry about crude futures being stifled between their 10-day and 80-day moving averages. Thanks to surprising news from the Department of Energy yesterday, and a subsequently healthy rally in black gold, the June 2006 crude futures (CL/M6 – 52.15) have attempted to resolve this technical predicament to the upside. Whether this boost will cause the contract's 10-day to narrowly avoid being bearishly crossed remains to be seen.


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