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

A scan of the headlines shows that Boston Scientific (BSX) is getting some attention after an article in today's Wall Street Journal (subscription required) said doctors have continued reporting problems with Boston Scientific stents. I have been wary of this stock for sometime so I will be keeping an eye on how the shares trade today...

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Into the Open

by 7/13/2005 9:03 AM
Stocks quoted in this article:

We head toward the open with stocks futures pointing to a flat to slightly lower open...this follows a report that showed the trade deficit narrowed more than expected...Oil is now down 10 cents while gold is down 1.50...


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Good Morning

by 7/13/2005 8:14 AM
Stocks quoted in this article:

We follow yesterday's flat action with more of the same as S&P futures trade inline with fair value. Gold is down 70 cents to 426.40. Oil is up 8 cents to 60.70.


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Until Tomorrow...

by 7/12/2005 4:30 PM
Stocks quoted in this article:

And while the broad market indices were flat, a few groups were on the move today...

Networking stocks were strong all day. Digging into the group I see that Alcatel (ALA) gained nine percent on better-than-expected earnings while Avaya (AV) tacked on seven percent gain on no news (at least none I can see.)

Yesteraday we saw how oil related stock shrugged off weakness in crude and today we see that they rallied along with oil.

Gold stocks failed to hold to above resistance but they also didn't retreat so I would call that a draw for the bull/bear debate.

That wraps up today's events. Tomorrow morning I will be revisiting this monthly chart of the SPX to show what the current picture looks like...

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Final Figures

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

Here are the today's closing values...

Index Index Value Point Change Percent Change
S&P 500 (SPX) 1222.2 2.8 points 0.23 percent
Dow Jones Industrial Average (DJIA) 10513.9 -6 points -0.1 percent
Nasdaq Composite (COMP) 2143.2 7.8 points 0.37 percent
Russell 2000 (RUT) 670.8 -1.0 points -0.14 percent
CBOE Market Volatility Index (VXO) 10.82 0.15 points 1.4 percent

For the most part it looks like a flat day...

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