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

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

Top Performing Sector Exchange Traded Funds:

  • Oil Service HOLDRS (OIH) = +3.23 percent
  • iShares GS Natural Resource (IGE) = +2.22 percent
  • Energy Select Sector SPDR (XLE) = +2.12 percent
  • iShares DJ US Energy (IYE) = +1.84 percent
  • iShares DJ US Basic Materials (IYM) = +1.50 percent
  • Materials Select Sector SPDR (XLB) = +1.14 percent
  • Utilities HOLDRS (UTH) = +1.12 percent
  • iShares C&S Realty Majors (ICF) = +0.96 percent

Bottom Performing Sector Exchange Traded Funds:

  • Pharmaceutical HOLDRS (PPH) = -0.44 percent
  • iShares GS Semiconductor (IGW) = -0.45 percent
  • iShares DJ Transportation Average (IYT) = -0.48 percent
  • iShares DJ US Healthcare (IYH) = -0.58 percent
  • iShares Nasdaq Biotechnology (IBB) = -0.73 percent
  • Health Care Select Sect SPDR (XLV) = -0.76 percent
  • Semiconductor HOLDRS (SMH) = -0.88 percent
  • Biotech HOLDRS (BBH) = -1.13 percent

Oil services, natural resources and energy are leading the day on the back of Goldman's call for a "super spike" in oil. Biotech is lagging the action after the BIIB/ELN news while semis and transports also struggle.

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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Little Action

by 3/31/2005 2:27 PM
Stocks quoted in this article:

For the most part, the action continues to meander...A burst of buying in the last ten minutes gave the indices a boost but they are centered around breakeven. The SPX has traded in a low to high range of just 5 points. The chatter is starting to grow that traders are sitting tight until they see tomorrow's employment report.

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Clarification...

by 3/31/2005 2:13 PM
Stocks quoted in this article:

The post below has created a bit of confusion...Specifically with regard to Chris's comment about "The Master Portfolio Short". It appears that some are only aware of the original Schaeffer's Master Portfolio which only has long positions. There is another portfolio - Schaeffer's Master Portfolio Short - that focuses on short positions.

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Stocks quoted in this article:

As I said, I would like to begin sharing information...even if I haven't figured out the optimal format. My initial thought is that I would like to post your emails as is, without any comments from me. Later on I may offer my own thoughts, but I don't want this to be interpreted as either criticism or endorsement. The idea here is to foster discussion and help you see other perspectives...

Chris says - "I follow Investors Business Daily CAN SLIM methods, which means right now you're money is probably parked on the sidelines (depending on your stop limits). We need the markets to confirm an uptrend before jumping back in (as they astutely note, most stocks don't appreciate in a downtrend). In the meantime, I've been borrowing Bernie's shorts. The Master Portfolio Short and Hot Stocks (short positions) have been doing well. I think I'll keep hold of my shorts for the time being until we see if the bulls have any BS left in ‘em. "


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On the New High List

by 3/31/2005 1:07 PM
Stocks quoted in this article:

I was just scanning the new high list and saw Pixar (PIXR)...which is a stock I have discussed a few times in this space- most recently last week. Here is the updated sentiment profile...

  • Percent of analysts tracked by Zacks who rate the stock with a "buy": 12%
  • Number of analysts tracked by Zacks: 17
  • Short interest as a percent of float: 19.2%
  • Short interest ratio: 6.6
  • Put/call ratio percent rank: 65.0%

The most interesting aspect is the high level of short interest and the fact that the Street is still sitting on the sidelines....


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