Schaeffer's Trading Floor Blog

Into the Close

by 2/23/2005 4:13 PM
Stocks quoted in this article:

A surge of buying hit a little after 3:00...


Chart Courtesy of Thomson/ILX

...but it was short lived and the SPX finished off its highs.


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MSO Rally into the Close

by 2/23/2005 3:53 PM
Stocks quoted in this article:

Quick note...MSO just tagged a new annual high as the stock rallies into the close...


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Stocks quoted in this article:

Martha Stewart Living Omnimedia Inc (MSO) and Toll Brothers (TOL) are two stocks have discussed recently...and both reported earnings this morning. I have updated the charts from the links above...


Created with SuperCharts by Omega Research


Created with SuperCharts by Omega Research

As you can see, both bounced off their 20-day moving averages and are holding above support. A check of their scorecards shows TOL earns an eight while MSO gets a seven...

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Stocks quoted in this article:

Here are today's top and bottom performing Exchange Traded Funds (ETFs)...As previously mentioned, my list has been broadened to cover more than 50 ETFs and I have expanded the list to show more groups.

Top Performing Sector Exchange Traded Funds:

  • iShares DJ Transportation Average (IYT) = +2.14 percent
  • Oil Service HOLDRS (OIH) = +1.35 percent
  • Energy Select Sector SPDR (XLE) = +1.32 percent
  • iShares DJ US Energy (IYE) = +1.23 percent
  • Materials Select Sector SPDR (XLB) = +1.13 percent
  • iShares DJ US Basic Materials (IYM) = +1.00 percent
  • Regional Bank HOLDRS (RKH) = +0.95 percent
  • Utilities HOLDRS (UTH) = +0.94 percent

Bottom Performing Sector Exchange Traded Funds:

  • Technology Select Sector SPDR (XLK) = -0.35 percent
  • iShares C&S Realty Majors (ICF) = -0.43 percent
  • iShares DJ US Technology (IYW) = -0.62 percent
  • iShares GS Technology Indx (IGM) = -0.65 percent
  • iShares GS Networking (IGN) = -0.69 percent
  • Internet HOLDRS (HHH) = -0.93 percent
  • iShares GS Semiconductor (IGW) = -0.99 percent
  • Semiconductor HOLDRS (SMH) = -0.96 percent

The SPX and INDU have just made new highs on the session as NYSE net ticks have become active.

On the ETF front, you can see that transports and energy related stocks are bouncing as are banks and utilities - which has been hit over the last couple of days. Lagging the action are the tech concerns I have noted earlier...

Note: If you are not familiar with ETFs, make sure you read the Education and FAQ sections in our ETF center.

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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...

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