Schaeffer's Trading Floor Blog
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Stuart says - "Nick, i see the 21 dma in the equity p/c ratio is 0.571. Does this level mark, roughly, the area of interim market tops?"

My response - The chart below shows CBOE Equity P/C Ratio since the beginning of 2004...

Schaeffer's Sentiment PowerTools

At the end of last year, the ratio did bottom out near the current levels and that did signal that a short-term peak...

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Here are today's top and bottom performing Exchange Traded Funds (ETFs)...

Top Performing Sector Exchange Traded Funds:

  • iShares Lehman 20+ Year Treas Bond (TLT) = +0.67 percent
  • iShares GS Networking (IGN) = +0.57 percent
  • Internet HOLDRS (HHH) = +0.56 percent
  • iShares GS Technology Indx (IGM) = +0.45 percent
  • iShares GS Semiconductor (IGW) = +0.43 percent
  • iShares GS Software Index (IGV) = +0.41 percent
  • iShares DJ US Financial Sector (IYF) = +0.34 percent
  • Financial Select Sector SPDR (XLF) = +0.30 percent

Bottom Performing Sector Exchange Traded Funds:

  • iShares DJ US Real Estate (IYR) = -0.72 percent
  • iShares C&S Realty Majors (ICF) = -0.81 percent
  • streetTRACKS Wilshire REIT Fund (RWR) = -0.82 percent
  • iShares GS Natural Resource (IGE) = -1.07 percent
  • iShares DJ US Energy (IYE) = -1.18 percent
  • Energy Select Sector SPDR (XLE) = -1.39 percent
  • Biotech HOLDRS (BBH) = -1.45 percent
  • Oil Service HOLDRS (OIH) = -1.59 percent

You can tell it is a slow day when the bond ETF is the leader on the upside...on the downside we see that oil/energy and biotech (which have been strong recently) are pulling back...

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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by 6/21/2005 2:56 PM
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For those regular weekly column is now on the homepage and delves into Panera Bread (PNRA)...


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Must Read

by 6/21/2005 2:41 PM
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For those looking for the "big picture" view...make sure you check out Bernie's column from today - A Look Ahead...

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Checking Back on BSX

by 6/21/2005 2:38 PM
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I have been scanning the news and a story about Boston Scientific (BSX) just caught my eye. It appears that a jury in Delaware has ruled against BSX in one of their patent infringement suits with Johnson & Johnson (JNJ). BSX showed a quick intraday drop on the news but the shares have a bounced back. Here is a weekly version of the chart I showed earlier this month...

Created with SuperCharts by Omega Research


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