Schaeffer's Trading Floor Blog

At the Open

by 4/8/2005 9:42 AM
Stocks quoted in this article:

The opening bell has rung on the last trading day of the week and here is what is on the move...

As expected, the broad market indices are flat....oil stands out on the downside and networkers stand out on the upside, but if you note the scale, neither is showing a dramatic move...all-in-all, it's a fairly quiet open..


permanent link

Into the Open

by 4/8/2005 9:17 AM
Stocks quoted in this article:

Stocks futures have firmed up a bit...but still point to only a very slight positive bias. Oil is down 50 cents and gold is down 1.1.

I did just skim over an interesting article in the Wall Street Journal - "A Wal-Mart Legend's Trail of Deceit" - that delved into a potential pattern of expense-account abuses...As you know, I would not call myself a fan of the stock so I will just leave it at that...


permanent link
Stocks quoted in this article:

Joe says - "Just as more than one technical indicator sometimes provides a better picture of an equity's chart so too does more than one opinion sometimes provide a more clear picture of market sentiment. I came across a report that may provide a supporting view on current market sentiment. The link to the report is below. It is not very long and if you have a minute I'd like to hear your view on what the lady had to say. I realize you can't get back to me personally but maybe you can state your view in the "Trading Floor Blog". If you do not think it is pertinent at this time, that is okay too."

My response - For those interested, the report is from Liz Ann Sonders who is the Chief Investment Strategist at Charles Schwab and she looks at some sentiment measures and comes to a bullish conclusion...

Later on today I will offer my thoughts as I have touched on some of the indicators she mentions, but in the meantime make sure you check out Chris Johnson's Investor's Edge report for another good discussion of some of these points...

<

permanent link

Quiet Start

by 4/8/2005 8:40 AM
Stocks quoted in this article:

Echoing the futures inaction....the headlines are mostly quiet. Here is what is getting attention...Time Warner and Comcast reached an agreement to buy Adelphia...The SEC asked American International Group (AIG) to protect offshore documents...Accenture (ACN) reported better-than-expected earnings but was downgraded for its efforts...General Motors (GM) was downgraded to a sell rating...

P.S. - Does anyone else find it odd that the SEC had to ask AIG not to "lose" documents?

<

permanent link

Good Morning

by 4/8/2005 7:57 AM
Stocks quoted in this article:

We start the day on a rather flat note as S&P futures are trading inline (roughly) with fair value. Gold is down 1.6 to 426.80 and oil is down 48 cents to 53.63.

<

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.