Schaeffer's Trading Floor Blog

Fed Fizzle

by 2/23/2005 2:21 PM
Stocks quoted in this article:

Not a ruckus or a rumpus...more like a fizzle...


Chart Courtesy of Thomson/ILX

Traders have had a chance to check out the Fed notes but they failed to inspire much in the way of action...

<

permanent link

Perspective

by 2/23/2005 2:00 PM
Stocks quoted in this article:

For an interesting perspective - check out the new "Sector Scan" filter (under the Scorecard Tools in the Special Tool Kit) and click on the Dow Jones Industrial Average. Nearly two-thirds show a score less than five and the big cap mainstays below are all less than four...

  • MSFT
  • C
  • WMT
  • PFE
  • JPM
  • GM
  • PG
  • MCD
  • AXP
  • GE

That doesn't make me feel warm and fuzzy...


permanent link

Into the Fed

by 2/23/2005 1:50 PM
Stocks quoted in this article:

The markets are drifting as we head towards 2:00...and you remember what happens at then right? Yup - FOMC meeting minutes...

While we wait to see if that causes a ruckus or a rumpus, I see that...the COMP has now slipped below the breakeven mark...YHOO is still sliding...Wal-Mart is creeping towards its annual low...

I will update my ETF list after the Fed minutes are released...


permanent link

Lunch Time View

by 2/23/2005 12:53 PM
Stocks quoted in this article:

Some things have changed since the open so I thought I should note what is on the move...

As you can see, the SPX, INDU and RUT are holding their gains, but the COMP/NDX are struggling a bit as tech issues (semis, networking, internet) are not following the bulls bounce-back game plan.

Also, in regard to semis a reader just noted that the SMH perched (precariously) on its 200-day moving average - thanks Gary!

<

permanent link
Stocks quoted in this article:

For what it is worth...Yahoo has not been able to rally off support and just hit a new low for the session....

<

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 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.