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

Here are today's top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • Pharmaceutical HOLDRS (PPH) = +1.55 percent
  • iShares C&S Realty Majors (ICF) = +0.40 percent
  • Health Care Select Sect SPDR (XLV) = +0.29 percent
  • streetTRACKS Fortune 500 Index (FFF) = +0.25 percent
  • Biotech HOLDRS (BBH) = +0.18 percent
  • streetTRACKS Wilshire REIT Fund (RWR) = +0.18 percent
  • iShares DJ US Healthcare (IYH) = +0.12 percent
  • streetTRACKS Gold Shares (GLD) = +0.07 percent

Bottom Performing Sector Exchange Traded Funds:

  • iShares GS Natural Resource (IGE) = -2.15 percent
  • Energy Select Sector SPDR (XLE) = -2.17 percent
  • Oil Service HOLDRS (OIH) = -2.27 percent
  • iShares GS Semiconductor (IGW) = -2.39 percent
  • Semiconductor HOLDRS (SMH) = -2.52 percent
  • iShares DJ Transportation Average (IYT) = -2.63 percent
  • Materials Select Sector SPDR (XLB) = -2.81 percent
  • iShares DJ US Basic Materials (IYM) = -2.97 percent

As you can see, there is a strong downward bias as the pharmaceuticals group is the only showing moderate gains. On the downside we a wide range of groups losing more than two percent on the day. Basic materials is the worst performing group but transports and semis are following closely behind.

Earlier today I showed a chart of the SMH and I just noticed the group is now testing yesterday's low.

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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More Selling

by 4/13/2005 2:59 PM
Stocks quoted in this article:

We enter the final hour of trading with a fresh set of low prints for the session...


Chart Courtesy of Thomson/ILX

The major indices aren't quite at their lows from yesterday but they are moving in that direction....

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Oil Part III

by 4/13/2005 2:40 PM
Stocks quoted in this article:

I started to dig into the list below and it didn't take me long to find an interesting stock... as the first one on the list below, Amerada Hess (AHC), with its scorecard reading of 9 caught my eye. The monthly and weekly charts below highlight the action...

Created with SuperCharts by Omega Research

As you can see in the monthly chart, the shares recently overtook their 2001 peak which had been holding as resistance in late 2004. The weekly chart highlights the steady trend higher and shows how the stock recently retested that former resistance zone as support. I already noted the encouraging scorecard reading but I dug into the stock's data and thought this fact was worth pointing out as the shares sit near multi-year highs...

According to Zacks, just 2 of 11 analysts (18 percent) rank the stock with a "buy" rating...


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Oil Part II

by 4/13/2005 2:02 PM
Stocks quoted in this article:

Continuing the discussion below on oil stocks...I pulled the component members of the XOI and ran them through our equity scorecard to see how they looked...

  • AMERADA HESS CP (AHC) = 9
  • BP PLC (BP) = 6
  • CONOCOPHILLIPS (COP) = 7
  • CHEVRONTEXACO CP (CVX) = 7
  • KERR MCGEE (HLDG CO) (KMG) = 6
  • MARATHON OIL CORP (MRO) = 5
  • OCCIDENTAL PET (OXY) = 8
  • ROYAL DUTCH PET ADR (RD) = 7
  • REPSOL YPF S.A. (REP) = 6
  • SUNOCO INC (SUN) = 7
  • TOTAL S.A. (TOT) = 6
  • UNOCAL CP DELAWARE (UCL) = 7
  • EXXON MOBIL CP (XOM) = 7

Overall we see mostly decent scores. The lowest is score is only a neutral reading of five and the overall average is close to seven. I am now off to go through charts to see what stands out...

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New Lows

by 4/13/2005 1:34 PM
Stocks quoted in this article:

The action just keeps getting more interesting...a new round of selling has pushed the broad market indices to new lows for the session. While the indices are still well off of yesterday's lows, this more or less "erases" the gains from yesterday. In other words, the indices sit close to where they ended the session on Monday...


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