Schaeffer's Trading Floor Blog

Lack of Excitement

by 4/5/2005 3:38 PM
Stocks quoted in this article:

We continue to drift sideways with a distinct lack of excitement...of course every time I say that things get interesting...

Barring a drastic change, it looks like the bulls will book a small gain for today and score two consecutive "up days". While two days in a row isn't much, a quick glance of my chart says it is something the bulls haven't done in nearly a month...

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Stocks quoted in this article:

Here are today's top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • Pharmaceutical HOLDRS (PPH) = +2.13 percent
  • Health Care Select Sect SPDR (XLV) = +1.82 percent
  • iShares DJ US Healthcare (IYH) = +1.56 percent
  • Telecom HOLDRS (TTH) = +1.00 percent
  • iShares Nasdaq Biotechnology (IBB) = +0.86 percent
  • Retail HOLDRS (RTH) = +0.78 percent
  • Biotech HOLDRS (BBH) = +0.70 percent
  • iShares DJ US Consumer Services (IYC) = +0.70 percent

Bottom Performing Sector Exchange Traded Funds:

  • Software HOLDRS (SWH) = -0.23 percent
  • iShares C&S Realty Majors (ICF) = -0.45 percent
  • iShares GS Networking (IGN) = -0.60 percent
  • Oil Service HOLDRS (OIH) = -0.74 percent
  • iShares GS Natural Resource (IGE) = -0.91 percent
  • iShares GS Software Index (IGV) = -0.94 percent
  • iShares DJ US Energy (IYE) = -1.23 percent
  • Energy Select Sector SPDR (XLE) = -1.24 percent

Pharmaceuticals are moving higher on the back of Pfizer's analyst day while energy stocks have been sliding since peaking early this morning...

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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GM Whipsaw

by 4/5/2005 2:34 PM
Stocks quoted in this article:

I am seeing some churn as the SPX whipsaws a bit...


Chart Courtesy of Thomson/ILX

The recent down leg occurred right as news hit the wires that Moody's cut General Motors long term rating. However, this was almost immediately followed by a surge in NYSE net ticks as it appeared some wanted to buy the debt cut dip.

GM shares had been trading higher before the news hit and they are now back at breakeven...


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Stocks quoted in this article:

My alert for NYSE net ticks has been signaling off and on as it looks like some buying is taking place...


Chart Courtesy of Thomson/ILX

The latest spike accompanied comments from Alan Greenspan that energy prices should pullback. This has bumped up the SPX which is pushing towards its intraday high...


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Index Check

by 4/5/2005 12:52 PM
Stocks quoted in this article:

The action has more or less drifted since the opening pop...

...as highlighted by the fact that none of the indices above are pushing through the one percent threshold.

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