Schaeffer's Trading Floor Blog
Stocks quoted in this article:
Most overseas markets were able to post modest gains yesterday while the U.S. markets were closed for the Fourth of July holiday. However, looking at the overseas markets this morning shows that most are looking at modest losses today and in most cases the current levels are below Friday's close.

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See You on Tuesday

by 7/1/2005 4:07 PM
Stocks quoted in this article:
Well, the final numbers are in and it looks like history was on our side as all three major markets managed to finish slightly in the green. Overall it was pretty typical pre-holiday activity, as volume was extremely light and in the afternoon things pretty much froze. With that said, everyone have a safe holiday weekend and we'll see you on Tuesday morning.

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Stocks quoted in this article:
There's not much happening out there today, but something just did that really has my attention. With the price of gold down over $8 an ounce and a huge U.S. dollar rally in the fold, gold stocks just turned green for the day. That's right the PHLX Gold & Silver Index (XAU: scorecard, quote, chart) is actually up 0.58 percent. Sure that number might not sound like a lot, but considering all the other potentially bearish factors from today, this is a pretty bullish reversal. <

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Stocks quoted in this article:
A quick glance at overall performance in today's trading session reveals modest gains for the stock market indices. Bonds and gold are the biggest losers so far today, while oil and natural gas are the day's biggest winners.

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Stocks quoted in this article:
Market internals are on the positive side today at the NYSE with the advance/decline line sitting at 1.32. New highs are at 129 versus only 16 new lows. Volume is rather light, however, given that it's Friday before a holiday weekend, and I think we'll have to wait until we get back to business next week before we'll have any clues as to which direction the market will take from here. The S&P 500 is currently up 0.26 percent to 1194.41. The Nasdaq Composite, on the other hand, is unchanged on the day.

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