Schaeffer's Trading Floor Blog

At the Close

by 5/4/2005 4:28 PM
Stocks quoted in this article:

The bulls were indeed able to keep a bid under the market...


Chart Courtesy of Thomson/ILX

...as the SPX closed near its session highs...


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Into the Close

by 5/4/2005 3:27 PM
Stocks quoted in this article:

We head toward the close with the bulls keeping a firm bid under the market. In fact, my alert for NYSE net ticks just hit as the SPX pushes to another new high for the session. Barring a last minute barrage of selling, it looks as if the broad market indices will book solid gains on the day...

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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) = +3.53 percent
  • iShares GS Semiconductor (IGW) = +1.94 percent
  • Wireless HOLDRS (WMH) = +1.92 percent
  • iShares DJ US Financial Sector (IYF) = +1.88 percent
  • Financial Select Sector SPDR (XLF) = +1.86 percent
  • Regional Bank HOLDRS (RKH) = +1.79 percent
  • Semiconductor HOLDRS (SMH) = +1.77 percent
  • iShares DJ US Financial Svcs (IYG) = +1.73 percent

Bottom Performing Sector Exchange Traded Funds:

  • Pharmaceutical HOLDRS (PPH) = +0.38 percent
  • iShares DJ US Telecom (IYZ) = +0.31 percent
  • iShares DJ US Real Estate (IYR) = +0.30 percent
  • streetTRACKS Gold Shares (GLD) = +0.28 percent
  • Utilities Select Sector SPDR (XLU) = +0.07 percent
  • Utilities HOLDRS (UTH) = +0.07 percent
  • iShares DJ US Utilities (IDU) = +0.03 percent
  • iShares Lehman 20+ Year Treas Bond (TLT) = -0.71 percent

As you can see, there is a strong upward bias as the TLT is the only ETF on my list that is not trading in positive territory. As the top of the list we a mix of technology and financials while groups such as utilities, real estate, and drugs lag the action.

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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New Highs

by 5/4/2005 2:11 PM
Stocks quoted in this article:

As you can see...


Chart Courtesy of Thomson/ILX

...the bulls are making an afternoon push. My alert for NYSE net ticks has been active as the SPX surges to a new high for the session. I am now going to grab my ETF list to see where the money is flowing...

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Checking Back on AFFX

by 5/4/2005 1:36 PM
Stocks quoted in this article:

I just ran a scan to look for stocks with a healthy amount of skepticism and near the very top of the list was (AFFX) Affymetrix. Which is a stock we discussed last at the end of March...


Created with SuperCharts by Omega Research

I switched to the weekly timeframe to highlight how the shares have been steadily creeping higher as they shrug off the market commotion. The shares were finally able to successfully overtake the resistance zone as the 10-week moving average has acted as steady support. Yet despite this uptrend, the data below shows little evidence that optimism is skulking in...

  • Percent of analysts tracked by Zacks who rate the stock with a "buy": 29%
  • Number of analysts tracked by Zacks: 7
  • Short interest as a percent of float: 15.8%
  • Short interest ratio: 8.79
  • Put/call ratio percent rank: 75.7%

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