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:

  • iShares GS Semiconductor (IGW) = +2.84 percent
  • Semiconductor HOLDRS (SMH) = +2.43 percent
  • iShares DJ US Technology (IYW) = +1.34 percent
  • iShares GS Technology Indx (IGM) = +1.31 percent
  • iShares GS Networking (IGN) = +1.21 percent
  • Technology Select Sector SPDR (XLK) = +1.20 percent
  • iShares GS Software Index (IGV) = +1.16 percent
  • Software HOLDRS (SWH) = +1.05 percent

Bottom Performing Sector Exchange Traded Funds:

  • Energy Select Sector SPDR (XLE) = -1.27 percent
  • iShares GS Natural Resource (IGE) = -1.47 percent
  • iShares DJ US Energy (IYE) = -1.55 percent
  • iShares DJ US Utilities (IDU) = -1.62 percent
  • Utilities Select Sector SPDR (XLU) = -1.65 percent
  • iShares DJ US Basic Materials (IYM) = -1.90 percent
  • Materials Select Sector SPDR (XLB) = -1.89 percent
  • Utilities HOLDRS (UTH) = -2.06 percent

As you can see, there is strong action on both sides the spectrum. Technology stocks are strong in general, led by the semiconductors. Meahwhile, materials and energy related groups are struggling.

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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Late-Day Selling

by 5/13/2005 2:40 PM
Stocks quoted in this article:

Check out this intraday chart of the SPX...


Chart Courtesy of Thomson/ILX

Now click back on yesterday's chart from roughly the same time and notice the same pattern of late-day selling...


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Stocks quoted in this article:

Frank says - "It looks like the .XNG is retracing to a critical level. Can you touch base on it and perhaps talk about what stocks look interesting in the sector.."

My response - As you can see in the weekly chart below...


Created with SuperCharts by Omega Research

The natural gas index is trying to hold at support zone near its recent lows which happened to mark the November/December peak. You might also notice that the index is now trading below its 20-week moving average so it is critical that this support hold.

To get a better feel for the group, I took the stocks from our Sector Scan filter and ranked them based on their scorecard reading:

At the top of the list is Nicor (GAS) which is stock my colleague John Stewart featured in his column on Monday - "GAS's Tank is Far from Empty". If you are interested in the group, I would recommend checking out his column...


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Stocks quoted in this article:

You might want to keep a watchful eye on Goldman Sachs (GS). I touched on the brokers just ahead of the last Fed meeting and noted how they were sitting on critical support amid sentiment backdrops that were not very encouraging.


Created with SuperCharts by Omega Research

GS has now pushed through that first support zone and the 20-week moving average...

P.S. Until now (when I accidentally spelled their name wrong and my spellchecker flagged it), I had never noticed how a simple typo of just one letter can really change their name....Perhaps the break of support has triggered something subliminally?

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Selling Pressure

by 5/13/2005 1:53 PM
Stocks quoted in this article:

Continuing the whipsaw action we have seen all week...my alert for NYSE net ticks below -1000 has hit as the SPX has headed back toward its low...


Chart Courtesy of Thomson/ILX

And also continuing the trend we have been following...the headlines are quiet on obvious catalysts for the selling...

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