Schaeffer's Trading Floor Blog

Index Check

by 4/12/2005 12:06 PM
Stocks quoted in this article:

The indices appear to have stabilized near their lows and here is what the overall picture looks like...

Bonds and housing are holding near breakeven while the rest dance below breakeven...Oil has reversed lower and oil stocks have moved with crude...Semis continue to trade below support...Gold is showing a small loss, but gold stocks have sold offer the entire session as the HUI breaks below its recent range and heads towards February's low near 190.

<

permanent link

Selling...

by 4/12/2005 11:01 AM
Stocks quoted in this article:

We are an hour and a half into the session and the market is still searching for an intraday bottom...


Chart Courtesy of Thomson/ILX

The headlines seem quiet so it looks like run of the mill selling pressure...


permanent link

I Am Back

by 4/12/2005 10:30 AM
Stocks quoted in this article:

As I suspect you have surmised...I am finished with my interview and back to focusing on the market - which has weakened slightly since the open. My immediate focus is on the SMH as it tests the waters below the support we have been following...


Created with SuperCharts by Omega Research

When we last looked at this chart on Friday we noted how the SMH was nearing a short-term resistance zone that was aligned with the 50-day moving average near 33. The semis failed to punch through this resistance and the shares are now back to test the water below short-term support. The SMH dipped below this zone last Monday and we saw brokerage houses defend the group so today's action will be interesting...

<

permanent link
Stocks quoted in this article:

As usual, this table lists stocks that have at least 10 percent of their float sold short and then shows the top ten based on yesterday's gain. The last field shows how the stock is performing in today's session. This can be a useful tool for finding situations where stocks with heavy short interest have begun to move. All returns are shown in percentages.

Note - more information on short interest can be found by by clicking here.

Company Yesterday's
Gain
Percent of Float
Sold Short
Yesterday's
Close
Today's
Return
Northfield Laboratories Inc. (NFLD) 31.6 15.8 15.75 -3.01
China Yuchai International Limited (CYD) 14.5 10.2 12.00 -2.67
Altiris, Inc. (ATRS) 5.1 15.8 19.69 1.88
Human Genome Sciences, Inc. (HGSI) 4.9 11.1 11.18 -3.13
Neurochem Inc (NRMX) 4.7 22.9 11.32 1.77
Greenfield Online, Inc. (SRVY) 4.5 20.0 20.00 -0.25
Swift Transportation Co., Inc. (SWFT) 4.3 34.0 22.41 -0.71
Sears Holding (SHLD) 3.4 21.5 146.96 0.59
Travelzoo Inc (TZOO) 3.4 44.8 46.30 -15.02
Pantry, Inc. (The) (PTRY) 3.4 11.5 28.87 0.10

permanent link

For What It Is Worth

by 4/12/2005 9:59 AM
Stocks quoted in this article:

While I wait for the call I mentioned...Keep an eye on the RUT as it ticks to a new low for 2005....

<

permanent link
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.