Schaeffer's Trading Floor Blog

Check It Out...

by 4/27/2005 10:16 AM
Stocks quoted in this article:

In my weekly column on the homepage, I touched the concept of "black swans". For an application of this, check out Bernie's most recent commentary - Schaeffer's Media Outtakes: Running Out of Options...

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Stocks quoted in this article:

I was scanning through some of the short interest highlights and thought you might find this interesting... I noted that some of the semis saw drops in short interest which was attention-grabbing given that this group hasn't exactly been the picture of technical strength...

I pulled together the quick table below that shows updated short interest data as well as the equity scorecard reading. I put in a formatting formula to automatically highlight areas of concern (red) and areas of encouragement (blue). The resulting color scheme didn't inspire me with confidence...

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At the Open

by 4/27/2005 9:48 AM
Stocks quoted in this article:

The tickers are blinking and here is what I see...

As indicated by futures...and continuing where yesterday left off...we see broad based weakness...though it is mild weakness for the most part. The exceptions would internet stocks, gold stocks, and semis...though cyclicals and natural gas stocks are pushing in on the one percent threshold. The internet index, of course, is getting hit on Amazon's five percent loss...


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Investors Intelligence

by 4/27/2005 9:27 AM
Stocks quoted in this article:

The weekly figures from Investors Intelligence are out...

The percent bullish dropped to 44 (from 48.4) while the percent bearish moved up to 29.7 (from 26.9)...

You can find the Investors Intelligence chart and recent data here...

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Still Not Looking Good

by 4/27/2005 9:08 AM
Stocks quoted in this article:

No...that title isn't referring to my picture that is shown on the homepage...it is in reference Maxim Integrated Products (MXIM) which is a stock I have been checking back on...


Created with SuperCharts by Omega Research

Yesterday's high tested the previous lows as resistance. The shares were firmly rejected and tagged a new annual low. Given the complacency noted in the link above, I would keep a cautious eye on what happens here...

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