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

The indices have ticked higher from their opening levels so I want to note some short-term upside levels to keep an eye on...

Created with SuperCharts by Omega Research

Note - I have removed some of the longer-term levels that we have been discussing so that we can focus on the short-term. On the SPX, keep an eye on the zone near 1190. A move above that would take out last week's high and likely inspire some of the bulls to press their luck...The "ditto" levels on the Diamonds and RUT are 105.5 and 620 respectively...The picture on the cubes is slightly different in that the Nasdaq 100 failed to hold at its January lows and is now trying to retake that level. Keep an eye on the zone near 37...


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More Info

by 4/5/2005 9:57 AM
Stocks quoted in this article:

Note on the short interest scan below...For more info on JOSB check out this interesting commentary from yesterday - "In Fashion With Jos. A. Bank Clothiers" by my talented colleague Ed Stenson...

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Stocks quoted in this article:

As usual, this table lists stocks that have at least 10 percent of their float sold short and then shows the top ten based on yesterday's gain. The last field shows how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move. All returns are shown in percentages.

Note - more information on short interest can be found by by clicking here.

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
TiVo Inc. (TIVO) 9.0 38.0 5.71 1.75
Jos. A. Bank Clothiers, Inc. (JOSB) 7.3 51.1 31.88 5.71
Impax Laboratories, Inc. (IPXL) 6.5 15.7 17.20 0.93
Blue Nile, Inc. (NILE) 6.4 73.8 28.90 0.14
Continental Airlines, Inc. (CAL) 5.3 23.1 12.22 2.21
First Horizon Pharmaceutical Corporation (FHRX) 5.1 23.1 17.47 0.11
AMR Corporation (AMR) 5.1 29.5 10.98 3.64
USANA Health Sciences Inc. (USNA) 4.9 19.7 47.29 1.80
Overstock.com, Inc. (OSTK) 4.8 43.6 44.64 1.66
Blackboard Inc. (BBBB) 4.7 13.3 18.37 0.33
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At the Open

by 4/5/2005 9:45 AM
Stocks quoted in this article:

The tickers are blinking and here is what I see...

For the most part we see a positive bias in stocks while bonds are flat and oil is down. Gold stocks are bouncing back after taking a hit yesterday...internet stocks are rising again helped by a Lehman upgrade of Google...biotech stocks are taking the lead but I don't immediately see a particular stock in that group that is powering the group...



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Into the Open

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

Heading into the open...S&P futures are a little more than two points above fair value...gold is now up 90 cents...oil is down 35 cents.

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