Schaeffer's Trading Floor Blog

Investors Intelligence

by 5/4/2005 10:12 AM
Stocks quoted in this article:

The weekly figures from Investors Intelligence are out...

The percent bullish dropped to 43.5 (from 44) while the percent bearish ticked up to 30.4 (from 29.7)...

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


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At the Open

by 5/4/2005 9:51 AM
Stocks quoted in this article:

The opening bell has rung and here is what I see...

As expected, the broad market indices showed an upside bias...brokers and internet stocks are in the lead...oil related stocks are trying to bounce back after taking a hit yesterday...gold stocks are trying to extend yesterday's bounce from the recent lows...the TLT is lower as the long-bond takes a hit on the Treasury news...

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ERTS

by 5/4/2005 9:30 AM
Stocks quoted in this article:

Electronic Arts (ERTS) is also making headlines after they announced disappointing guidance. The shares are poised to lose 10 percent at the open. Of course, this follows similar disappointing comments from the company back in March. But the really interesting point is that I see brokers coming out to upgrade and defend the stock this morning...


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Into the Open

by 5/4/2005 9:20 AM
Stocks quoted in this article:

It looks like the bulls are pushing for a positive open...


Chart Courtesy of Thomson/ILX

As you can see, the bulls rallied the S&Ps which now sit roughly four and a half points above fair value...


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Bond Re-Run

by 5/4/2005 9:16 AM
Stocks quoted in this article:

Also hitting the wires...It looks like the Treasury Department is considering bringing back the 30-year bond...Perhaps the most interesting aspect for the moment, is a comment I saw on MarketWatch that noted how the Treasury stopped issuing the 30-year four years ago because, at the time, the government was forecasting surpluses that would ultimately eradicate government debt. If the issue of the deficit wasn't such a macro concern, the bolded comment would be funny...

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