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

Speaking of the HHH, I thought it would be good to update the chart we discussed on Thursday...


Created with SuperCharts by Omega Research

Today's weakness has the HHH retreating from the resistance zone and the 50-day moving average. The recent low was just below 53 so that is something to watch...

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Stocks quoted in this article:

The indices continue to mull around breakeven so I thought I would check on in the top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • iShares DJ US Real Estate (IYR) = +1.34 percent
  • Retail HOLDRS (RTH) = +1.11 percent
  • Utilities HOLDRS (UTH) = +1.08 percent
  • Utilities Select Sector SPDR (XLU) = +0.88 percent
  • iShares DJ US Utilities (IDU) = +0.58 percent
  • iShares Lehman 20+ Year Treas Bond (TLT) = +0.57 percent
  • iShares Nasdaq Biotechnology (IBB) = +0.55 percent
  • Consumer Staples Select SPDR (XLP) = +0.39 percent

Bottom Performing Sector Exchange Traded Funds:

  • iShares DJ US Basic Materials (IYM) = -0.39 percent
  • Consumer Discretionary SPDR (XLY) = -0.39 percent
  • Technology Select Sector SPDR (XLK) = -0.41 percent
  • streetTRACKS Fortune 500 Index (FFF) = -0.44 percent
  • Semiconductor HOLDRS (SMH) = -0.46 percent
  • iShares GS Semiconductor (IGW) = -0.61 percent
  • iShares GS Networking (IGN) = -0.64 percent
  • Internet HOLDRS (HHH) = -1.24 percent

As you can see, most groups are echoing the action of the major indices as only a few groups are showing a move of more than one percent. On the upside we see that real estate, retail and utilities are leading my ETF list. Internet stocks, however, are not faring as well as the group earns the distinction of the being the only ETF from my list to drop more than one percent.

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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Index Check

by 4/11/2005 12:40 PM
Stocks quoted in this article:

A choppy session so far....

The broad market indices have bounced off their lows as a spike in NYSE net ticks pushes the SPX and DIA back above breakeven...biotech is leading the day, with bonds the next best performing group. Oil is still down but oil stocks are holding flat...gold stocks have given up their morning gains...


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SBUX Slipping

by 4/11/2005 11:52 AM
Stocks quoted in this article:

For what its worth...Starbucks (SBUX) is slipping below that support zone we discussed on Friday...


Created with SuperCharts by Omega Research

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IBM Still Struggles

by 4/11/2005 11:14 AM
Stocks quoted in this article:

I hate to beat a topic to death...but make sure you keep an eye on IBM which I noted on Friday and discussed in-depth two-weeks ago...


Created with SuperCharts by Omega Research


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