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

On Thursday a reader, Dave, asked about Whirlpool (WHR)...I posted that question but said that based on what I look at, I couldn't get a clear read on the stock.

Dave responded and said - "Thanks for the analysis on WHR. This kind of stock is my favorite short candidate. (They're not going to find a cure for cancer, or a server that fits in your pocket), and the move back to 45 provides a decent return. Not very exciting however. "

My response - I wanted to post this because it brings up one of the most important aspects of trading. You need to find a style that you are personally comfortable with. As a trader, you need to develop what we refer to on the trading floor as a success profile. This means identifying what sort of "situations" have yielded the best results for you and refining that area.

In the past I have talked about identifying weaknesses in order to try to avoid them. By getting a strong handle on what works best, you can "crowd out" those situations that historically have created problems....

Note - this post was later corrected to replace the word "Friday" with "Thursday".


permanent link

Alternative Retail Names

by 3/28/2005 12:20 PM
Stocks quoted in this article:

I have continued to go through my screens and it seems like a theme is starting to develop...In the post below - One to Watch - BEBE - I noted the strong action of BEBE and URBN. Another stock that just caught my eye is Children's Place Retail Stores (PLCE) which I discussed earlier this month...


Created with SuperCharts by Omega Research

The shares have bounced off short-term support near 44 and are back to challenge their annual high.

I wanted to point out the strength in these lesser-known retailers because it isn't something you might get from looking at sector proxies such as the Retail HOLDRS (RTH) which doesn't include these stocks. Furthermore, the RTH is dominated by Wal-Mart Stores (WMT) and Home Depot (HD) which account for more than a third of the RTH's weighting.

And as I noted Thursday, WMT isn't exactly the picture of health...

Note - this post was later corrected to replace the word "Friday" with "Thursday".


permanent link

Into Lunch

by 3/28/2005 11:56 AM
Stocks quoted in this article:

We drift into lunch with the broad market indices pulling back from their intraday highs...which failed to overtake Thursday's best levels.

This morning we saw that semis were strong at the open but have given up some of those gains while internet is still holding the lead after Goldman defended Yahoo and Google. Housing has turned lower as the HGX tests last week's lows.

<

permanent link

One to Watch - BEBE

by 3/28/2005 11:12 AM
Stocks quoted in this article:

I have been trolling my screens to find stocks of interest. One of the stocks that just caught my eye is Urban Outfitters (URBN) which I discussed last week. The shares appear to be bouncing off that support zone I noted. Another interesting retailer is bebe stores (BEBE)...

Created with SuperCharts by Omega Research

The weekly charts shows a strong uptrend with major support near 30. The daily chart shows the shares have been consolidating in a narrow range recently. Given that BEBE shows a respectable scorecard reading of seven it might be one to keep an eye on...

<

permanent link

I Am Back

by 3/28/2005 10:46 AM
Stocks quoted in this article:

My meeting is over and I am back at my screen. Right off the bat I see...


Chart Courtesy of Thomson/ILX

...that the SPX is creeping up towards Thursday's highs...

<

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.