Schaeffer's Trading Floor Blog

Must Read

by 5/31/2005 9:18 AM
Stocks quoted in this article:

I apologize if I am rehashing old news, but I thought it was worth the risk. If you didn't read it on Friday, make sure you check out Bernie's latest Option Advisor commentary - "The Market" where he discusses what groups he thinks you should avoid and where you should focus your capital...

If you are not already aware of this, as a Schaeffer's Gold subscriber, you get access to the most recent Option Advisor commentary each month. You can always find it under the list of links on the Bernie Schaeffer Commentary tab.

Also note, if you are not familiar with the Option Advisor newsletter you can find more information here.

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Competition In Motion?

by 5/31/2005 8:54 AM
Stocks quoted in this article:

One of the stocks to keep an eye is Research In Motion (RIMM)...There is a story getting some chatter that Cingular Wireless will start offering competition to BlackBerry. More information can be found in this article...

RIMM shares are indicated to open more or less flat but it will be interesting to see how this story develops...

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Looking Around

by 5/31/2005 8:42 AM
Stocks quoted in this article:

As those who read this space last week already know...I was out for the last half of that time, so I am now playing catch-up on what I missed. For the most part, it looks like there was an upside bias to the major indices. Later on this morning, I will update the daily charts we have been tracking...

What has my attention at the moment is gold. The yellow metal is now off by roughly seven points as the June contract breaks below February's low of 414...

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Good Morning

by 5/31/2005 7:53 AM
Stocks quoted in this article:

We start this holiday shortened week with S&P futures trading roughly two points below fair value. Gold is down 4.30 to 415.50. Oil is down 54 cents 51.31.

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It's The Weekend!

by 5/27/2005 5:05 PM
Stocks quoted in this article:
And that's a wrap on the week. Today pretty much went as expected, small gains on extremely light volume. In fact, volume looks like it came in at the lightest levels this year. The big winners today were gold, steel, and energy. Everyone have a great Memorial Day weekend and don't worry, Nick will be back on Tuesday morning.

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