Schaeffer's Trading Floor Blog

Readers Respond - Yahoo?

by 3/30/2005 3:41 PM
Stocks quoted in this article:

Tim says - "YHOO is making a big push today. Will it be enough to overtake the resistance at 33.7 to 34.0? We shall see."

My response - As I noted yesterday, Yahoo has some of the big guns trying to pull the stock higher so you have to respect that. The key is let that pass and wait for that support to dry up...


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Better Late Than...?

by 3/30/2005 2:45 PM
Stocks quoted in this article:

Yesterday I noted that I had updated my short interest database and said I had hoped to provide you with a downloadable list. The market action kept my attention and I wasn't able to compile this yesterday but I have it today.

If you aren't familiar with this list, please see this commentary as it provides background on short interest and how I view it.

**Note - Adobe Acrobat can be freely downloaded at the Adobe.com website.


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Stocks quoted in this article:

Quite note...The SPX has now pushed up toward 1180 - where it has been rejected the last three sessions. This is also the site of the declining 10-day moving average. The SPX has not closed above this trendline since it broke below it on March 9.

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Stocks quoted in this article:
SchaeffersResearch.com Poll

What would you pick as the investment timeframe that you are most interested in?

Day Trades - mostly intraday trades
Short-Term - a few days to a couple of months
Intermediate-Term - a few months to a year
Long-Term Buy-and-Hold - a year or longer

Tim says - "Nick - Just curious - Are you or have you been an active trader and if so, what was your "style" (i.e. buy/hold, options, day trade, etc). This info might give your readers more insight on where you are coming from and why."

My response - While I try to offer a wide perspective, I would say that I tend to gravitate toward the shorter-term timeframe - a few days to a couple of months. I used to be actively involved with trading services that focused on that time-frame. My focus is now on this blog but old habits die hard.

The good news is that this timeframe is what many have said they are most focused on. Back in November I ran a poll that asked - What would you pick as the investment timeframe that you are most interested in? The results from that poll are below.

  • Day Trades - mostly intraday trades = 10%
  • Short-Term - a few days to a couple of months = 73%
  • Intermediate-Term - a few months to a year = 15%
  • Long-Term Buy-and-Hold - a year or longer = 2%

However, to make this is still true, I thought I would run the poll again...


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Sharing Information

by 3/30/2005 12:40 PM
Stocks quoted in this article:

I was just exchanging some emails with Bernie about the current market and this reminded me that the advantage of working with a group of traders is the ability to share information. By discussing what is working and what isn't working, everyone can better their performance.

As I sat here and thought about, it occurred to me that many of you may be able to benefit from this sort of sharing of experience so I want to try something.

If you are having success with something drop me a line and tell me about so that I can share it. Or if you are finding that something that was working well has stopped, that might be interesting to share also.

I haven't worked out any of the details on this will progress but I think it is important enough that I want to get the ball rolling.

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