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

Even though my alert for NYSE net ticks has been quiet this afternoon, the buying has continued...


Chart Courtesy of Thomson/ILX

Yesterday morning I noted support near 1190 on the SPX and that has so far served as a springboard as we head into Thursday's FOMC meeting...


permanent link

No Panic Here Either

by 6/28/2005 1:37 PM
Stocks quoted in this article:

Continuing on my "panic" post from earlier...I want to check on the CBOE Equity Put/Call Ratio for signs of "panic"...


Chart Courtesy of Schaeffer's Sentiment PowerTools

This chart shows the last four years worth of data for the 21-day moving average of the ratio. And as you can see, we are by no means anywhere near an extreme level of skepticism that would show a panic reaction. If fact, this indicator is closer to showing optimism...

<

permanent link

Index Check

by 6/28/2005 12:51 PM
Stocks quoted in this article:

The bulls have so far been able to keep a bid under the market and here's where things stand...

For the most part we see a very similar picture to what we saw at the open...most of the groups in the upper portion of the graph are holding gains...housing stocks are still in the lead...tech stocks are still in positive territory though their strength has waned since the open...small caps are steadily gaining as the day progresses...oil is lower but the XOI has clawed its way back above breakeven...

<

permanent link

No Panic Here

by 6/28/2005 11:46 AM
Stocks quoted in this article:

Continuing on my "panic" post from earlier...I want to check on the CBOE Market Volatility Index (VXO) for signs of "panic"...


Created with SuperCharts by Omega Research

As this monthly chart shows, the VXO is near its lowest levels since the mid-1990s. If you view this as a "fear gauge" it is hard to ague that we are anywhere near panic levels.

Note - more information on the volatility indices can be found here in our education section.

<

permanent link

Chart Chatter - SPX Intraday

by 6/28/2005 11:05 AM
Stocks quoted in this article:

We now have an hour and a half under our trading belts so I want to check in on the SPX...


Chart Courtesy of Thomson/ILX

The buying I noted earlier ran its course rather quickly and the SPX has pulled back from its session highs. It will now be interesting to see if the bulls are willing to step in and keep the big caps from dropping back...

<

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2015 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.