Schaeffer's Trading Floor Blog

The Final Hour

by 6/6/2005 3:05 PM
Stocks quoted in this article:

The buying bursts noted earlier have failed to gain any traction and we enter the final hour of trading with the broad market indices perched near breakeven...

If this dull market action leaves you looking for something to read, make sure you check out the latest Premium Analyst Commentary from my colleague Jocelynn Drake. She does a great job of digging into the details that matter so make sure you check this column out...


permanent link

Coming Soon...

by 6/6/2005 2:37 PM
Stocks quoted in this article:

I lied to you...Well sort of. On Friday I said that before I left for the week I hoped to make an announcement involving one of our home study programs combined with an "interactive" session. Obviously, there was a small delay and that didn't happen. But I have been told, assured, and promised that this will be ready today.

Those interested in learning more about topics such as option strategies and trading psychology should make sure you check back tonight for this announcement...


permanent link
Stocks quoted in this article:

A few minutes ago my alert for NYSE net ticks started to hit and I just pulled up an intraday chart of the S&P 500...


Chart Courtesy of Thomson/ILX

The first volley of buying gave the SPX a small boost while a second round of buying cause the small gap higher you see.

At first glance the headlines appear quiet but I am going to look around and see if any stories are hitting...


permanent link
Stocks quoted in this article:

In response to my post below on Merrill Lynch, Sharlee says - "Re MER. you might also look at MSFT. Scary!"

My response - The daily chart below is what I am currently watching on Microsoft (MSFT)...


Created with SuperCharts by Omega Research

Here you can see that the shares have been in a short-term uptrend since late-March. However, the stock has pulled back and is testing the lower rail of that trend. A break here would be significant because it is also the site of former resistance, which should now be support. A break would signal the selling pressure is overwhelming buying demand.

What I still find the most befuddling, given the stock has moved virtually no where over the last few years, is that the Street displays affection on the stock the borders on the obscene. According to Zacks, 22 of the 24 analysts (92 percent) rank the stock with a "buy" rating...


permanent link

Underloved

by 6/6/2005 1:41 PM
Stocks quoted in this article:

Before I ran off to my meeting, I launched a query to find "underloved" stocks...In a nutshell I was looking for stocks that had a healthy level of their float sold short and had a relatively low number of buy ratings, based on data from Zacks.

I then sorted the list based on the price performance over the last six months. I have also included the percent rank of the SOIR (Schaeffer's put/call open interest ratio), but I did not exclude stocks based on the SOIR since I prefer to dig into the option activity personally. I will be discussing some of these stocks later on...

<

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.